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IN C L U D IN G
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Bank and Quotation Section
State and City Section (sem i-Annual*?}
(Monthly)
Railway and Industrial Section (Quarterly)
Street Railway Section
Entered according to Aot of Congress, in the year 1907, by W i l l i a m B. D a n a Com?a w t in tlie oflflre of Librarian of Congress, Washington, D.O
SATURDAY, JANUARY 26,
VOL. 84.
2pxe
KUf
© Ix r tr m tle .
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(2 6 tim e s )................................
\ T w e lv e M o n th s (5 2 tim e s )................................
S;4
22
29
50
87
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00
00
00
00
C H IC A G O O F F I C E —P War‘ le tt .5 1 3 M o n a d n o ck B lo c k ; T e l. H a r ris o n 401 2.
L O N D O N O F F I C E —E d w a ru s & S m ith , 1 D ra p e rs’ G a rd en s, E . C.
W I L L I A M B . D M A C O M P A N Y . P u b lis h e r s ,
Pine Street, Corner o f Pearl Street,
Post Office Box 9 5 8 .
NEW Y O R K .
CLEARING HOUSE RETU RNS.
The follow ing table, made up b y telegraph, & c., indicates
that the total bank clearings o f all the clearing houses of
the United States for the week ending to-day have been
$3,279,120,811, against $3,435,897,497 last week and
$3,571,434,343 the corresponding week last year.
Clearings— Returns by Telegraph
Week ending January 26.
Per
Cent.
1907.
1906.
New Y o r k _________________________
B o s to n ______ __________ ___________
P h iladelph ia................................. .......
B altim ore................................... ............
C h ic a g o ..................................................
St. L o u ts____ ________ _____________
New O rleans..... .......... .......... ..............
$1,773,170,068
151,241,597
119,623,498
23,026,990
194,860,370
55.084,668
19,390,905
$2,084,634,417
146,274,906
133,789,769
23,076,865
172,226,884
53,434,274
19,282,590
— 14.9
+ 3.4
— 10.6
— 0.2
+ 13.1
+ 3.1
+ 0 .6
Seven cities, 5 d a y s _____________
Other cities, 5 days.............................
$2,336,398,096
423,976,418
$2,632,719,705
361.098,742
— 11.3
+ 17.4
Total all cities, 5 days_________
All cities. 1 d a y ........................ ............
$2,760,374,514
518,746,297
$2,993,818,447
577,615,896
— 7.8
— 10.2
Total all cities for week_________
$3,279,120,811
$3,571,434,343
— 8.2
The full details for the week covered b y the above will be
given next Saturday. We cannot furnish them to-d a y ,
clearings being made up b y the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estim ated, as we go to press Friday night.
W e present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur
day n oon, January 19, and the results for the corresponding
week in 1906, 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 Y ork the increase over
1906 is 8 .3 % .
Week ending January 19.
Clearings at—
1907.
New Y o r k ---------- 2,181.845 156
P hiladelphia-----150,332.176
Pittsburgh---------51,073,358
B a ltim ore............
30,088,776
Buffalo— — .
8,613,703
W a sh in g to n ____
5,986,655
A lban y--------------7,860,106
Rochester _____
3,490,835
S cra n ton _______
2,116,833
Syracuse _____
2,147,599
W ilm ington_____
1,368,148
W ilkes-Barre . . _
1,149,497
R e a d in g ----------1,405,091
W h e e lin g ______
1.128,573
E r i e ------------------727,716
B in gh am ton ____
572,700
C h es ter------------469,493
G reensburg.........
540,741
F ra n k lin _______
320.000
1906.
1905.
1904.
$
$
2.594.337,802 ■— 15.9 1,923.996,445 1,290,178,043
— 7.3
162.176.223
124,516,110
142.394,446
37,424,681
57,933.240 — 11.8
46.759,223
32,307,564
— 6.9
21,578,214
25.202,768
— 2.0
8.791,301
6,541,715
7,155.940
+ 0.6
5,953,380
3.961,975
4,675,582
3.519,510
6,079,954 + 29.3
4,190,235
—
17.2
2,478,972
4,217.724
3,519,722
1,683,001
1,837.554 + 15.2
1,720,653
1,743,214 + 28.9
1,289,824
1,786.732
+ 6.7
1,021,151
1,282,353
1,126,961
972,800
— 2.5
1 178,556
1.057,261
911.928
1.075.051 + 30.7
920,261
639,456
998,257 + 13.0
741,792
445,635
622,291 + 16.9
484,699
+ 6.9
295.800
535,900
453,700
473,114
— 7.3
506.481
395,159
381.704
483,328 + 11.9
369,918
187.965
—
1.1
323.561
230.955
Total M id d le.. 2,451,237,156 2.882.383,742
Inc. or
Dec.
— 15.012,167.182,452 1,498.501.231
B o s t o n _________
P r o v id e n ce_____
H a r tfo r d _______
New H aven_____
Springfield______
P o r tla n d _______
W o rcester______
Fall R iv e r ______
New B edford____
L o w e ll__________
H olyok e________
Total New Eng.
C h ica go _________
Cincinnati______
C le v e la n d ______
D etroit__________
M ilw a u k ee _____
Indianapolis____
C o lu m b u s______
T o le d o __________
P e o r ia __________
Grand Rapids___
D a y t o n ________
E v a n s v ille _____
K ala m a zo o_____
L e xin g to n ______
Springfield, 111..
Fort W a y n e ____
Y ou n gstow n ____
A k r o n __________
Rockford ______
B lo o m in g to n ___
Springfield, O . . .
C a n t o n ______ __
M a n s fie ld ______
Q u i n c y ________
South Bend_____
Decatur . _____
Jacksonville, 111.
Jackson ________
Ann A rbor______
T ot. M id.W est.
San Francisco___
Los Angeles_____
Seattle _________
Salt Lake City___
P o r tla n d _______
Spokane________
T a co m a ________
Helena _________
F a r g o ....... ..........
Sioux Falls..........
O a k la n d _______
San Jose________
Total P a cific..
Kansas C i t y ____
Minneapolis_____
O m a h a _________
St. Paul________
D enver. ______
St. Joseph______
Des Moines___
Sioux City______
W ich ita ________
Topeka ________
D avenport...........
Colorado Springs
Cedar Rapids___
P u eblo __________
F r e m o n t_______
L in c o ln ________
T ot. oth.W est.
New Orleans____
L o u is v ille ______
H o u s t o n _______
G a lveston ______
M em phis_______
R ich m o n d ______
A tla n ta ________
Savannah ............
Nashville ______
Fort W orth _____
N o r fo lk ________
A u g u s t a ..............
B irm ingham ____
Charleston_____
Knoxville ...........
J ack son v ille____
C h a tta n o o g a ___
Little R o c k _____
M o b ile..................
M a c o n ..................
Columbus. G a__
Total Southern
Total all............
Outside N. Y__
Canada—
M ontreal. ...........
Toronto ..............
W innipeg_______
O t t a w a ________
H alifax ................
V a n c o u v e r .. __
Q uebec__________
H am ilton..............
St. John________
London _______
Victoria _______
C a lg a ry ..... ..........
E d m o n t o n _____
Total Canada .
NO. 2170.
W eek ending"January 19.
u*---
PUBLISHED W EEKLY.
F o r O no Y e a r ............................................................................................................ $10 00
F o r S ix M o n t h s ...........................................................................................................
6 00
E u ro p e a n S u b s cr ip tio n (in c lu d in g p o s t a g e ).................................................. 13 00
E u ro p e a n S u b s crip tio n s ix m o n th s (in c lu d in g p o s ta g e )..........................
7 50
A n n u a l S u b s cr ip tio n in L o n d o n (in c lu d in g p o s t a g e )................................1 4 s.
S ix M o n th s S u b s cr ip tio n in L o n d o n (in c lu d in g p o s t a g e )........................ £ 1 11 s.
1907.
1907.
1906.
$
235,527,102
9,375,000
3,650,114
3,093,990
2,220.681
1,618,489
1,831,992
1,396,658
1010,358
544.175
532.877
260.801,436
237,552,658
32,064,250
18.519,444
15,000,828
11,602,391
9.669,198
5,420,200
3,906,895
2,736,856
2,700.000
2,057.591
1.856,246
1,122,952
880,830
887.221
786,953
677,592
889,149
624,868
419,872
422,582
584,505
377,345
457.289
565,447
403,426
222,695
295.000
153,507
352,857.790
46,129,150
14,055,010
8.598,292
7.200,541
6,513,746
5,016,168
4,811,255
775.000
57V.231
421,950
3.626,364
275,000
94,100,343
33.635.614
17.871,581
10.623,817
8,675,288
8,130,992
6,500.647
2.680,404
2,205,776
1,211,348
1,008,899
900,000
850.000
735,541
700,000
342,649
1,270.861
96,072,556
67,695,671
26,461,631
14,845,367
15,324,812
8,500,000
6,039,936
6,200,000
5.468,345
5.112.513
4,000,000
3,953,274
3,112,911
1,775,285
1,978,925
1,704,510
1.481,009
1,378,405
1,517,383
1,701,553
1,532,986
800,000
243,700
180.828.216
3.435,897,497
1,254,052,341
$
197,129,697
9,171.400
3,476,223
2,547,873
2,204,208
2,053.258
1.536,136
1.106,603
770,311
502,839
467,210
220,965.758
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
601.400
558,032
468,779
436,458
389,589
390,075
350,026
327,536
322,488
285,946
278.000
102,584
318,968.522
43,427,723
11,068.176
7,758,816
6,664,832
4.825,000
3,688.887
3,558.208
716,236
574,732
356,046
N ot included
N ot Included
82,638,656
28,487,064
17,898,412
8.788,468
7,388,196
7,452,323
5,257,657
2,441 270
1,799,317
1,168,718
1,035,948
806,862
954,261
541,156
640,367
252,387
N ot included
84,912,406
65.708,519
24,634,232
13,066,947
10,521,361
5,611,000
6.502,820
5.985,686
4,353,568
3.974,627
3,354,364
3,353,073
2,365.131
1,624,686
1,688.124
1,779,724
1,479,308
1,445.575
1,332,997
1,345,283
1,185,842
527,015
270,766
162,110,648
3,751,979.732
1,157.641,930
Inc. or
D ec.
1905.
1904.
$
$
%
133,008,049
+ 19.5 157.088.792
+ 2.2
7.733,900
7,758,400
2,907,921
+ 5 -0
2,163,295
+ 21.4
2,460,469
1,659,662
+ 0.8
1,732,387
1,434,135
— 21.2
1,622,873
1,451,928
+ 19.2
1,412,311
1.017.855
+ 26.2
544,170
1,174.468
583,949
+ 31.2
617,779
+ 8.2
418.004
363,208
480.694
457.229
+ 14.0
+ 18.0
177,019,300
151,072,178
+ 10.0 202,629,077
175,009,208
+ 15.2
25,741,350
23,512,450
14,916,982
14,568,358
+ 5.5
+ 13.2
12,020,314
10,719,980
8,968,088
+ 23.0
8,887,815
6.402,581
6,694,122
+ 31.4
5,762,000
3,989,200
+ 12.5
— lb.9
3,518,743
3,216,544
2,867,72<J
2,701,679
— 20.0
2,115.100
+ 5-5
2,159,103
+ 6.2
1,765.822
1,551,452
+ 12.9
1.298,786
1,192,649
679,738
+ 21.6
891,786
622,716
+ 0.4
711,796
+ 14.0
625,252
577.506
_
+ 8 .6
667,426
588,191
— 0.5
670,000
+ 47.8
469,500
+ 12.0
424,529
452,378
— 10.4
324,797
378,278
— 3.2
380,210
347.415
+ 50.0
595,341
414,132
— 3.3
157,611
283,895
+ 3 0 .6
357,061
369,319
.
+ 72.6
247,380
+ 25.1
286,154
— 22.1
219.444
217,423
256,924
197,047
+ 6-1
113,564
+ 49.6
85.785
294,360,301
260,491,509
+ 10.6
+ 6.2
22,677.940
31.045,351
+ 27.0
8,371,664
6.502,418
4,420,962
3,675,763
+ 10.8
+ 8.0
4,410,896
3.117,158
+ 3 9 .1
3,731,030
3,368,960
+ 36.0
1,984,322
2,705,544
+ 35-2
2,102,626
2,742,619
+ 8.2
604.591
709,481
488.790
+ 0 .8
533,751
+ 18.5
268,942
212,235
in total
In total
+ 13.9
49,734,803
58,940,240
+ 18.1
22,093,083
21,628,130
— 0.1
14,642,340
16,087,376
+ 20.9
7,472,500
8,112,091
+ 17.4
5.370,104
6,107,576
3,894,416
+ 9.1
7,654.120
+ 23.6
5,817,369
5,654,734
2,085,614
+ 9 .8
2,221,844
+ 22.6
1.299.077
1,809,583
+ 3 .7
1,229,806
1,223,018
— 2.6
1,061,836
1,024,630
+ 11.5
75.5,4.59
823,969
— 10.9
788,681
478.351
+ 35.9
426,212
384.069
____
+ 9.3
486,813
+ 35.8
204,195
173,661
in total
+ 13.1
74,391.861
66,618.796
57,414,897
+ 3 .0
57,608,511
+ 7-4
23,180,592
27.123,365
+ 13.6
13,620,929
11,040.706
+ 45.7
7,054,523
8,550,619
4,825,500
4,926,000
+ 51.5
6,422,380
7,151,970
— 7.1
4,843,348
+ 3 .7
5,111,357
+ 2 5 .6
3,450.233
3,302,257
4.645.177
+ 2 8 .6
3,361,445
2,855.516
+ 19.3
3,322,941
1,650,748
2.333,573
+ 17.9
1,669,540
1,993,273
+ 31.6
+ 9.3
1,853,547
1,408,627
+ 17.2
1,365,069
1,294,507
— 4.2
1,287,419
1,102,231
1,426,226
+ 0 -1
1,333,075
— 4.6
752,223
1.038,227
+ 13.8
891.304
796,978
+ 26.5
1,239,490
928,691
+ 2 9 .3
+ 5 1 .8
851,000
425,977
219.428
— 10.0
_______
140,626,677
145,044.737
+ 11.5
— 8.4 2.912,527,831 2.171,463,754
+ 8.3 988,531,386 881,285,211
30,127,031
30,299,704
— 0.6
24,943,888
25.193,976
— 1.0
9,471,016
7,560,922 + 25.3
3,215,946
2,806,822 + 14.6
1,800.000
— 1.5
1,826,715
2,745.235
1,806,213 + 52.0
1 826,313
+ 6.2
1,719.079
1,500,000
— 4.0
1.562.294
1.323,695
1 098,377 + 20.5
1,205,259
1,084,379 + 11.2
881,696
975.698
— 9.6
1.209,737 N ot Included in total
767,708 N ot included In total
+ 4.1
79.040,079
75,934,179
22,244.848
20,330,875
6,018.193
2,526,901
1,575.903
1,348,170
1,556,730
1,164,577
972,079
929,693
836,033
18,264.510
14,179,144
4.907.065
2,509,942
1,424,941
1,268,372
1,338,338
1,025,631
824,215
691,865
486.443
59.504,002
46.920.426
180
THE CHRONICLE.
[Vol. lxxxiy.
tainly the principle which should govern the rail
road world the current year. Not only wages, but
Consider how much like previous weeks, if taken everything that enters into construction, are abnormal
as a whole, the current week has been. Two distinct ly high. If all the loans and projects which have been
halves have stood as the rule for some time, one up proclaimed in recent weeks be gotten under way as
and the other down; only in the first half of this last announced, it would involve so much money, the
one, Wall Street affairs, took a deeper plunge than has employment of so m any men, and such a degree of
previously been the custom, and the second half had activity in so many industries as n ot unlikely to pre
reached apparently a much more stable resting-place cipitate a crisis.
because of decidedly larger banking facilities gained
But we are inclined to think that railroads will be
b y our Clearing House institutions. This gain has
been a prolonged feature— three weeks now. The slow in carrying out their plans, doing only what is
present six-day cycle for work began not only after absolutely needful. This is no occasion for getting
the $10,578,900 gain in cash as shown b y the bank more involved than that course will cause. It does
Tetums of January 12 but on top of an $18,198,000 not need to be said that all the roads that have been
increase in cash on January 19th. Thus those two suggesting and making provision for new work are
weeks had com pletely changed the character of the financially sound— no roads anywhere in Europe or
loan market b y additions of $28,776,900 to the cash America are in that respect in better condition. As a
and of $18,467,250 to surplus reserve. W ith these rule, if they have the pow er, their purpose has been to
large gains already secured coming freely from the raise the money required on their stock, which all of
interior, and in considerable amount from the Sub- them could at any time easily do because b y giving
Treasury, and with evidence of further additions in stock at par, they virtually give an immense per cent
progress the current week from the same sources, for the m oney, though they do not add to the fixed
operators had reason to think they had good promise charges. W e plead, however, for conservatism in
of relief from the strain so long felt because of the building operations, because in the present low moral
shortened conditions of the money market. Still, state of opinion with regard to property, and especially
notwithstanding the more assured grounds the bor railroad propert y , it is far safer to get into a fighting
rower had reached a week ago both in Europe and condition than a strained one. A decision at St, Paul
America, last week’s Saturday markets for securities restricting the G reat Northern from bringing out its
both at home and abroad closed in a gloom y sort of proposed stock issue of $60,000,000,.until the Minne
way. So it happened also, in spite of this better and sota Railroad Commission had given its consent— at
stronger situation in m oney, both for call and time, first affected the stock un favorably. Later it was
having relaxed materially, the Monday and Tuesday looked at as being at the worst only a delay. If the
opening of the Wall Street market the current week management of the Great Northern thinks it must do
was far from cheerful.
certain things to save certain rights it will get the
m oney in som e way and do them, letting Minnesota
A conspicuous feature of the two days, Monday and and her sister States wait until the deprivation of get
Tuesday, of the current week already mentioned was ting along without the improvements projected shall
the large crop of rumors of various kinds put afloat open their eyes to the real situation. The order en
and readily gaining belief. They related to coming joining the proposed issue limits its action as follows
disasters to leading firms, difficulties with railroads in — “ without first m aking an application in writing to
getting cash, of declines in dividend paym ents, & c. the Minnesota R ailroad & 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 developed. “ R u m or claimed that under its original charter it could issue
doth double, like the voice and echo, the numbers o f stock at will. The court holds that this is not the
the feared.” By W ednesday, however, these impend case.
ing evils had substantially vanished and there was a
good deal better feeling. The day previous it had
As the current week closes, a matter of some conse
been announced that the house of J. P. Morgan & Co. quence comes in to disturb the outlook. W e 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 com pany issued its notes in the amount has produced for call and time m oney. The incident
of $15,000,000 and the bankers m entioned took them. which clouds this prospect somewhat is the reported
These notes mature in three years, bear 5 % interest, announcement b y Secretary Shaw that he will on and
and are sold at 97 and interest. Another among the after February 1 call for the surrender of the 30
rumors of Monday and Tuesday was the announcem ent 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 com pany 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 W ashington
same time rumor stated it to be the conclusion of the telegram that “ the Secretary will exercise leniency in
New \ ork Central directors to curtail much of the con calling for re-payments. 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 1 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 com pany 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
THE F IN A N C IA L S IT U A T IO N .
J a n . 26 1907.]
THE CHRONICLE.
m onth of February.” It should also be remembered
that there is likewise a $12,000,000 item of public
deposits which will have to be paid back to the SubTreasury February 1 and February 15. Consequently,
as we understand the situation, the whole requirement
is 42 million dollars which the banks must restore
to the Treasury in February. It will be remembered
that this last item became due one-half on 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
banks. Only a small part of it is so held. The in
terior depositaries, at least the most of them, we
m ay presume, will adjust their indebtedness through
their correspondents in New Y ork instead of sending
the money directly to the Sub-Treasury. This would
require our banks to furnish the cash. However the
liquidation is carried through, we cannot but feel
that it is a very unwise and unnecessary requirement,
and may possibly have some adverse effect on general
business. W e see no reason why the return of the
m oney should not be prolonged into the summer. It
is not needed for disbursement until the first of July.
An address on “ The Growth of Corporate W ealth ,”
delivered on W ednesday of this week before the Boston
Chamber of Commerce by a Mr. Charles Stedman
Hanks, has been accorded considerable space in the
newspapers. The address is so full of crudities and
half-baked facts that it would not merit notice except
for the prominence thus given to it. Mr. Hanks tells
us that since last June he has been at work in W ashing
ton, at the Inter-State Commerce Commission, and has
11spent several thousand dollars of the good money
of the United States in clerical services to show that
the freight and passenger rates of this country can be
reduced 10% without affecting the dividends on the
stock of any railroad or the wages of any em ployee.”
This is an interesting statement, and if b y practical
and convincing demonstration he could make good
his promise, he would be conferring a service which
would be well worth any amount of money spent in
reimbursing him for his preliminary work. Railroad
rates in this country are admittedly low, but if Mr.
Hanks could show us, as he claims, how they can be
reduced 10% further without harming any interest,
we would all fall in with the idea and hail him as a
public benefactor.
But one looks in vain for enlightenment on this point
in the address. Instead, Mr. Hanks spends his ener
gies in arraigning the railroads— that is, the popular
course now-a-days— and in so doing falls into a number
of blunders which would be amusing if they did not
deal with such a serious matter. For instance, he
notes among the things he discovered in the process of
his examination the case of a certain railroad corpora
tion (he does not give the name) which obtained con
trol of a small railroad line capitalized at $5,000,000,
and within two years this road, after being absorbed
b y the larger system, was capitalized at $30,000,000.
That the road was able to float this extra $25,000,000
of bonds and stock may not interest us, he says (the
calm 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 has to pay freight rates suffic
181
ient to allow the road to pay interest on this over
capitalization. There are two curious errors in the
assumption contained herein which cannot be over
looked in a person who is spending “ the good m oney
of the United States.” Mr. Hanks’s statement can
have no force except it be assumed (1) that the rail
roads are allowed to make any rates 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.
W e all know that it is com petition, not capitalization,
that controls rates, and furthermore we also know
that even if this were not so, Government bodies, both
State and National, are exercising extreme vigilance
in seeing that rates are not too high— in fact, the criti
cism is that they often force them unjustifiably low .
On the other point, as to whether the railroads are
paying or earning dividends on their entire share
capitalization— including the water in them which our
critic so strenuously alleges exists— we would refer
him to the last annual report of the Inter-State
Commerce Commission, showing that of the total capi
tal stock outstanding on United States railroads, no
less than $2,435,470,337, or over 3 7 % of the whole,
was paying no dividends at latest dates. This, to o ,
is in face of unexampled prosperity through the whole
range of industries in the land, including the transpor
tation interests.
There is much other crude m atter'of the same kind i i
the address. Take, for example, the following illustra
tion as to how capital watering is being indulged in:
“ The profits from such over-capitalization, b y which
vast sums are made, without giving anything in re
turn, are obtained either by wiping out minority stock
holders, by scaling bonds and stocks under reorgani
zation schemes, b y assessing m ajority stockholders, or
by paying off floating indebtedness at dividend-paying
periods, so that the market value of the stock still de
preciates. Each is a successful graft proposition, and
when all four are played at the same time, as many
banking houses now play the game, it is time to call a
halt, such methods having the same effect upon our
country as when crops are harvested without ferti
lizing for new crops.” This is a curious conglom era
tion. The main trouble with the diagnosis is that
for a dozen years or more times have been so pros
perous that there has been no chance to practice any
of the “ graft propositions” referred to. On account
of the good times experienced, reorganizations have
passed almost out of vogue. If we would find cases
of the “ wiping ou t” of minority stockholders, the
scaling of bonds or stock, or the imposing of assess
ments, we would have to refer to an era long since past.
And if “ banking houses now playing the game” still
rely for their profits on practices of the kind m en
tioned, we think it will be admitted that they must
have been having a lean time of it, and it is a wonder
they have been able to keep body and soul to
gether.
But the most diabolical villainy of all is yet to be m en
tioned. Mr. Hanks makes the statement that “ a cer
tain railroad not far from Boston has each mile post
123 feet short, so that the road is a mile short in every
43 miles,” and he says this makes one “ inclined to
sit up and think.” W e should imagine it would.
But what will puzzle most of us is why it remained for
Mr. Hanks to discover the fact, and why he did not y
182
THE CHRONICLE.
at once rush to the State House at Boston and get the
authorities to cite the managers of the railroad to
appear 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.
[Vol. L.XXX1Y,
Influenced by the above-noted favorable bank re
turn and b y a com paratively light dem and, 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
m oney has been easy this week, not only on call but
on time. Though offerings of the latter, especially
for the shorter dates of m aturity, have been liberal,
the business has been small; it is notew orthy, how
ever, that the corporation notes which have been of
fered have been taken prom ptly, probably because
of the high interest that they yield to investors. The
statement on W ednesday, 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 m oney 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, representing bankers’ balances,
loaned on the Stock Exchange during the week at 4 %
and at 2 % , averaging about 2 % % ; banks and trust
companies loaned at 2}4 % as the minimum. On
M onday loans were at 334% and at 2 % with the bulk
of the business at 3 % . On Tuesday transactions were
at 3 % and at 23^% with the m ajority at 2 % % . On
W ednesday loans were at 3 % and at 234% with the
bulk of the business at 2 % % . On Thursday transac
tions were at 4 % and at 234% with the m ajority at
3 % . On Friday loans were at 4 % and at 33^% with the
bulk of the business at 3 % % . Time loans on good
mixed Stock Exchange collateral are 43^ @ 4 ^ % for
sixty and 4 % @ 5 % for ninety days, 5 @ 5 3 4 % f ° r f ° ur
and 53^% for five to six months. Corporation notes
running for one year have been placed this week on
about a 5 % % basis. Commercial paper is in good de
mand at 5 ?4 @ 6 3 4 % for sixty to ninety day endorsed
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 b y us
when reviewing the figures for Novem ber 14, namely,
that the process of accumulation of cash made neces
sary under the law passed last year b y 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 b y January 1. From
the statement of Novem ber 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 for January 1
shows holdings of specie of $43,861,609 and holdings
o f 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
o f 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 Y ork 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
o f the trustjcompanies, it is necessary, of course, to com
pare with the figures on January 1 of last year. A t
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
bills receivable,
@ 6 3 4 % for prime and 63^% for
o f the trust companies within their own vaults.
good four to six months’ single names.
W ith the exception of a reduction b y the Imperial
Bank of 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 3^ of
1 % lower at London, steady at Paris and % of 1%
lower at Berlin and at Frankfort.
The striking feature of the statement of the New
Y ork 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 b y $15,148,600 and deposits were in
creased b y $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 m oney 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 4 ^ @ 4 ^ % . The open
market rate at Paris is 3 3^@ 334% and at Berlin and
Frankfort it is 4 ^ g% . 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 advisee
us that the gain was due to continued heavy receipts
from the interior of Great Britain and large purchases
in the open market, the export m ovem ent being m od
erate, and exclusively to South America. The detail*
of the movem ent into and out of the Bank were as
follows: Im ports, £625,000 (of which £7,000 from Aus
tria and £618,000 bought in open market); exports,
£275,000 (wholly to South Am erica), and receipts of
£1,089,000 net from the interior of Great Bri
tain.
The foreign exchange market was strong early in the
week, influenced largely b y speculative buying in
duced b y the easy rates for money and the prospect
for a further decline in such rates in the near future.
It was expected that there would be a good demand
for remittances by Tuesday’s mail, but the offerings
were greatly in excess of requirements, because of the
over-bought market, and after the demand had been
satisfied, rates more or less sharply declined. Inas
much as the steamer sailing on Thursday was slow,
remitters gave preference to Saturday’s vessel, and
consequently the inquiry for bills for the remainder
o f the week until Friday was moderate, rates gradually
fell off and the tone was heavy. There was some bu y
ing of long for remittance, owing to easier London
discounts, and also purchases for investment to hold
until maturity. Commercial bills, especially those
against cotton, were in good supply, but at the same
time the inquiry therefor was somewhat urgent, so
that they were prom ptly absorbed. There seemed to
be no evidence of remittances to pay for maturing
finance bills, indicating either that these had been
settled for or that provision had already been made
for them in advance of their maturity. Reports of
selling of American securities in London and on the
Continent,as the result of the depression in the New Y ork
market, led to expectations of a demand for exchange
to pay for these properties. As there was no indication
o f an inquiry for this special purpose, it was thought
likely that paym ent for the returned securities would
be deferred until their arrival. The lowering of the
German Bank rate seemed to have only a slight effect
upon marks, the reduction having been foreshadowed
b y easier open market discounts.
Nominal rates for sterling exchange are 4 8 2 @ 4 82}^
for sixty day and 4 863^ for sight. On Saturday of
last week the market was quite strong, and, compared
with the previous day, long rose 50 points to 4 8175@
4 82, short 45 points, to 4 8595@ 4 8610 and cables 40
points to 4 866 5@ 4 8675. On Monday the tone was
strong until the afternoon, when it grew easier, and
the market closed at a decline of 25 points for long to
4 815 0@ 4 8155, of 15 points for short to 4 8580@
4 8585 and of 20 points for cables to 4 8 65 0@ 4 8655.
On Tuesday long fell 5 points to 4 8145@ 4 8155, short
10 points to 4 857 0@ 4 8575 and cables 15 points to
4 8635 @ 4 8640. On Wednesday the tone was again
heavy at a decline of 20 points for long to 4 8130@
4 8135, of 10 points for short to 4 8560@ 4 8570 and of
5 points for cables to 4 8630@ 4 8635. On Thursday
the market was steady, closing 40 points higher for long
at 4 816 0@ 4 8175, 10 points for short at 4 8570@
4 8575 and 5 points for cables at 4 8635@ 4 8640. The
tone was barely steady on Friday, with long and short
10 points and cables 5 points lower.
The following shows daily postal rates for sterling
exchange b y some of the leading drawers:
M on ., T u es.,
W ed.,
F r i..
Thurs.. F tL.
Jan. 18 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25
Brown
Bros. & C o------------Baring
& C o...........................
Bank British
North Am erica.........
Bank of
Montreal----------------Canadian Bank
of Com m erce--------H eidelbach, Ickelhelmer & C o----------Lazard
F reres -------------------M erchants’ Bank
o f Canada---------------
60 days
S ig h t ..
60 days
S ig h t..
60 days
S ig h t..
60 days
S ig h t..
60 days
S ig h t ..
60 days
S ig h t..
60 days
S ig h t..
60 days
S ig h t..
183
THE CHRONICLE.
J a n . 26 1907.]
4
4
4
4
4
4
4
4
4
4
4
4
4
4
2
4
8234
8634
82
86
82
86
82
86
82
86
82}*
86}*
82}*
86}$
82
86
82}*
8634
82
86H
82
86 }*
82J4
86 }*
82}*
8634
82 }*
863*
82 H
86 }*
82 }*
86}*
82}*
S6H
82
86}*
82
86
82}*
86M
82J4
86}*
82}*
8634
82}*
8634
82H
8634
8234
8634
82
863*
82
8634
8234
8634
82}*
8634
8234
8634
823*
863*
823*
863*
8234
86}*
82
863*
82
8634
8234
8634
8234
8634
82}*
8634
8234
8634
82}*
8634
82}*
86}*
82
8634
82
S6}*
82}*
86}*
82}*
86}*
82}*
8634
8234
8634
8234
8634
The market closed on Friday at 4 8 1 5 0 @ 4 8165 for
long, 4 8560@ 4 8565 for short and 4 862 5@ 4 8635
for cables. Commercial on banks 4 8 1 @ 4 8115 and
documents for paym ent 4 8 06 5@ 4 8165. Cotton for
payment 4 806 5@ 4 8070, cotton for acceptance 4 81 @
4 8115 and grain for payment 4 816 0@ 4 8165.
The following gives the week’s movem ent of m oney
to and from the interior b y the New Y ork banks:
Received by
Shipped by
N . Y . Banks. N . Y . Banks.
W eek ending January 25 1907.
G old . _____________________________
N et Intiorer
Movement.
$6,852,000
2,090,000
$5,045,000 Gain
1.166,000 Gain
$1,807,000
924,000
$8,942,000
$6,211,000 Gain
$2,731,000
W ith Sub-Treasury operations, the result is as fo l
lows:
W eek ending January 4 1907.
Banks’ Interior m ovem ent as ab o v e .
Into
Banks,
Out 0/
E m ks.
$8,942,000
31,250,000
$6,211,000 Gain $2,731,000
28,250,000 Gain
3.000,000
$40,192,000
$34,461,000 Gain $5,731,000
N et Change in
Bank Holdings,
The following table indicates the amount of bullion
in the principal European banks:
January 24 1907.
January 25 1906.
Bank o]
Gold.
E n g la n d ..
F ra n ce___
Germany .
R u s sia ___
A us.-H un.
S p a in ____
I ta ly _____
N e th T d s .
N at.B elg..
Sweden . .
\ Silver.
£
\
£
33.601.525'
................
106.071,846! 39,509,279
32,532,000; 10,844,000
118,051.000 4.735,000
46,497,000' 11,929,000
15.396.000 24.327.000
32.196.0001 4,760,100
5,540,500i 5,775,100
3,318,000! 1,659.000
3,996,0001
______ .
Total.
£
33,601,525
145,581,125
43.376.000
122,786.000
58.426.000
39.723.000
36,956,100
11,315,600
4.977.000
3.996.000
Gold.
Silver.
Total.
£
£
£
32,441,150
32,441,150
114,153,187 42",305",648 156,458,835
36,697,500 12.232,500 48.930.000
103,610,000 3,629,000 107,239,000
45.209.000 12.294.000 57.503.000
15.041.000 23.071.000 38.112.000
27.858.000
3,532,500 31.390,500
6,605.900
6,086,700 12,692,600
3.245,333
1,622,667
4.868.000
3.792,000
3.792.000
T o t .week. 397,199,871 103,538,479500,738,350 388,653,070 104,774.015 493,427,085
Prev .w’ k . 393,207,701 102,533,743 495,741,444 385,481,206 104.077,383 489.558,589
TH E GOVERNOR OF J A M A IC A
B R IT IS H N A V Y .
A N D TH E
There was no great reason to believe, at any time
during the incident of Governor Swettenham and our
warships at Jamaica, that serious consequences, even
of a sentimental sort, would follow . Americans are,
fortunately, possessed as a nation of a high sense of
humor, and the absurdities of which Governor Swet
tenham had allowed himself to be guilty in his official
correspondence with our Admiral appealed so strongly
to that sense of humor as to overcom e even the feeling
of wounded pride which might under other circum
stances have asserted itself. The truth is, this is one
of the episodes in which the manner of doing a thing
so far supersedes in popular interest the thing which
was done, that it is judged at the tim e, and probbaly
always hereafter will be judged, in the light of the
language used b y the Colonial Governor. This is in
some respects fortunate, but in others unfortunate,
because it is quite possible that a principle of some
importance to the English, if not to us, lay behind
the extraordinary document sent out on Sunday b y
the Governor to our Admiral.
Taken b y itself, a communication b y such an
officer to the representative of the American G overn
ment— in which he remarks that “ I find your working
party was this morning helping Mr. Crosswell clean
his store; Crosswell was delighted that the work was
done without cost; if your excellency should rem ain
long enough, I am sure almost all the private owners
would be glad of the services of the N avy to save
expense;” and that, “ I may remind your excellency
that not long ago it was discovered that thieves had
184
THE CHRONICLE
lodged in and pillaged the residence of some New Y ork
millionaire during his absence in the summer; but this
would not have justified a British Admiral landing an
armed party and assisting the New Y ork police” —
is difficult to take seriously. Probably there would
have been no occasion for serious treatment of it, and
it might be simply put aside as the outbreak of an
ill-natured and nervously exhausted provincial officer,
but for the fact that even the responsible part of the
London press, while denouncing the ill-breeding of
the Governor of Jamaica, and regretting the occur
rence of the episode, nevertheless takes the ground
that there was something to say for Governor Swettenham ’s action in declining further assistance from our
warships. The English point of view appears to be
that the American bluejackets were landed for the
ostensible purpose of guarding the American Consulate,
which they were entitled b y international law and
practice to do. Once landed, it seems that the need
for help by the people of devastated K ingston appealed
to the plain human instincts of our sailors and officers,
who thereupon devoted themselves to assisting where
they could in the work of salvage and protection. It
is a matter of record that the Governor of Jamaica
had agreed to the use of our sailors as a guard to the
Consulate; some dispute appears to exist as to whether
the further actions in relief of the Jamaican people
had been undertaken with the consent of the Governor
or not.
Apparently, at all events, their scope of activity,
greater than the Governor had contemplated, raised
n his mind a feeling, first of irritation that no British
warship had been near enough to be the first to give
relief, and, second, of doubt as to the propriety of
permitting a precedent of this sort to a foreign navy,
unless under circumstances of absolute and hopeless
emergency. So far as concerns this international
view of the case, it is only fair to concede what force
there may be in the objection, undoubtedly widely
entertained in London, against the employment of
armed foreign naval forces on the shore of a British
colony. Under all ordinary circumstances, such a
practice is contrary to the accepted rule of international
diplom acy. This fact undoubtedly was recognized by
Admiral Davis, whose attitude, however, was ex
pressed in his letter to Governor Swettenham, stating
that "a s the only object of my being here is to render
such assistance as I can, I trust you will justify me
in this matter for the cause of com m on hum anity.”
The difference between the positions thus taken by
the Admiral and that undoubtedly held b y many
Englishmen arises from the divergent view of a
precedent which, under slightly altered circumstances,
would certainly not be tolerated. As we have said,
there seems to us to be some force in this contention.
If we may imagine that Governor Swettenham, in
stead of the clumsy and boorish letter which he actually
wrote, had notified Admiral Davis in a friendly and
dignified manner that his duties and instructions did
not permit him to allow the presence of armed American
sailors on shore, except as an inactive guard to the
Consulate, and if he had followed this up b y a simple
statement of his own ability to cope with the situation,
we do not see how any serious exception could have
been taken to his attitude.
W hat undoubtedly intensified the Governor’s bad
temper, however, and what bears very curiously on
[V o l . l x x x iv .
the whole discussion, is the fact to which attention
has instantly been called in England, that it was the
business of the British N avy to have had at least some
warships sufficiently near at hand to go to Jamaica
on the first news of the Kingston disaster, and reach
it in time to be of use. The London press has pointed
out with no little force that, whereas the British N avy
was at this time caught napping, so far as the W est
Indian colonies were concerned, b y an accident of
nature, it might be caught the next time by an insular
insurrection or by invasion from some other State.
W hile this supposed “ other State” could hardly be
any but our own, and while such a contingency is ad
mittedly improbable, nevertheless the point of the
London critics is n ot, on general principles, ill taken.
W hat interests us chiefly in it is its clear recognition
of the function of the modern navy as a police power
for the ocean. This is by no means a novel conception
of a n avy’s duties, but it has gone very considerably
out of fashion during the last few years, under the grow
ing idea that a navy must be primarily an enormous
consolidated fighting armament. During the many
years in which Great Britain’s N avy was being built
up to its recent supremacy over any other modern fleet,
the argument was offered, and generally conceded,
that in its isolated position, with its widely extended
colonial possessions, and with its reliance on outside
producing States for the food of its inhabitants, it was
imperatively necessary for the country to provide a
navy which should patrol the seas, keep open lines of
com munication, and be at hand in the case of need in
the colonies.
Obviously, these purposes called first for numerous
warships of a normal model, suited to swift sailing,
and with good carrying capacity. Since the Japanese
naval victories these ideas of a navy’s functions have
largely given place to the wish for ships of enormous
size. As a consequence England, at the very moment
when complaint is growing of “ cheese-paring econ om y”
in the navy, is planning the largest battleships ever
built, while our own Government, not content with
old-fashioned types and models, is following the same
path.
Thus the tendency grows among all the na
tions to put their surplus revenues, or more often the
proceeds of their public loans, into a few of these ex
travagantly expensive vessels, when the same expendi
ture might greatly increase the numbers and efficiency
of the navy as a maritime police.
The Kingston episode brings out the truth of the
situation so strongly that we trust it will not in this
direction be without its influence. The “ fighting
armament” idea has becom e a good deal of an obses
sion in the minds of present-day statesmen. The as
sumption that war is the normal state of nations, and
that no nation can regard itself as safe without a full
equipment of the very latest and most costly fad in
naval architecture, is leading more than one Govern
ment well along the pathway of fiscal embarrassment.
Y et in the face of this assertion of the hopeless outlook
for a State not thus equipped, we have before our eyes
the spectacle of Russia, with the bulk of her modern
ships either in Japanese hands or at the bottom of
the ocean, and with no hope of making good the loss
within the next few years, nevertheless facing its fellow-States with perfect equanim ity, and actually, as
at Algeciras last spring, uttering the controlling voice
in an international conference.
J a n . 26 1 9 0 7 .J
THE CHRONICLE.
L IA B IL IT Y OF TRUST C O M P A N Y FOR
C E R TIFIC ATE ON CORPORATE BONDS.
Our Court of Appeals at Albany last month handed
down a decision of considerable interest to trust com
panies and others who make it a practice to act as
trustees for mortgage bond issues and place their cer
tificates on the bonds for the purposes of identifying
the same and to guard against spurious issues. In the
case at bar the bonds had proved worthless because
of the foreclosure of a prior lien, and the holder at
tempted to recover from the trustee on the strength
of its certificate on the bonds, reading: “ This bond is
one of a series of bonds mentioned and described in
the mortgage within referred to .” The bonds so
certified were each endorsed b y the com pany issuing
them as a “ first mortgage” bond. The plaintiff con
tended that the trust com pany’s certificate was broad
enough to be a guaranty that they were first mortgage
bonds. The Appellate Division decided against him,
declaring that the complaint did not state a cause of
action against the trust com pany, and the Court of
Appeals now also rules against him and affirms the
judgment.
It is to be noted that the certificate on the bond in
this instance was in the phraseology and language
which it is now customary to em ploy and which is
advocated as freeing the trustee from responsibility
or liability for any statement beyond the fact that the
bond is one of the series to which it belongs. In a pa
per read before the Trust Company Section of the
American Bankers’ Association at its meeting in 1900,
Andrew Squire, counsel for the Guardian Trust Co.
of Cleveland, pointed out that another form of phrase
ology had involved some trust companies in litigation.
The old form of certification read somewhat like this:
“ It is hereby certified that this bond is one of the series
of bonds secured b y the mortgage or deed of trust
within m entioned.” It was the use of the word “ se
cured” that caused trouble, it being claimed that it
implied that there was actually some security for the
bondholders. On the present occasion, as already
stated, the word “ secured” did not appear and the
certification was in the language quoted above,
which in effect simply describes and identifies the
bonds.
Moreover, the mortgage itself was apparently drawn
in such a way as to absolve the trustee from all liability
except its own gross negligence, and seems to have
contained practically all the safeguards and precau
tionary clauses and phrases which Mr. Squire in the
paper referred to suggested it would be well to include
in mortgages, for the protection of the trustee. A c
cording to the description of it contained in the opin
ion of Justice Hirschberg, delivered when the case was
before the Appellate Division (Second Department),
it provided for the issue of a series of first mortgage
bonds, to be certified b y the trustee and returned to
the mortgagor’s officers, whose receipt for the bonds
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 b y the mort
gagor, “ nor for any cause, matter or thing except the
trustee’s own gross negligence or wilful default in the
185
trust expressed,” &c. The bonds contained a state
ment that they were secured b y the mortgage convey
ing the property and franchises of the corporation,
to which reference was made for a description of the
property and franchises mortgaged. The Appellate
Division, speaking b y Justice Hirschberg, held that
the trustee did not guarantee the truthfulness of the
description of the obligation b y the corporation, and
was therefore not liable to a bondholder for loss oc
curring b y reason of the fact that the mortgage se
curing the bonds was not a first mortgage on all the
corporation’s property and franchises.
The case was that of James Tschetinian against the
City Trust Co. of New Y ork, now merged in another
com pany, and the bonds which were the cause of the
litigation were those of the United States Carbonate
C o., which on May 1 1900 executed a mortgage on its
property for $100,000.
The plaintiff purchased
twenty of these bonds, which were in denomination
of $500 each. It appears that at the time of the
execution of the mortgage there existed a prior
mortgage for $15,000 on the property covered b y it.
The plaintiff asked judgment against the trust
com pany for the amount of the purchase price of
his bonds upon the theory that the certificate signed
b y it was a representation and guaranty that the
bonds were in fact secured b y a mortgage which was
a first lien upon the mortgaged property. Justice
Hirschberg, in sustaining the demurrer to the com
plaint, pointed out that the certificate certainly did
not purport upon its face to create such a guaranty
or to make such a representation. It was confined
in apt language to the assertion that the bonds which,
the plaintiff purchased constituted a part of the issue
mentioned and described in the mortgage, and there
was no claim or pretense that such statement was not
strictly true, both in substance and in spirit. Nor
was there anything in the trust com pany’s connection
with the transaction at all calculated to deceive.
Prospective purchasers of the bonds were fairly re
ferred to the mortgage b y the documents themselves
for a disclosure of the nature and extent of the security,
and the mortgage contained an explicit statement of
the measure and the limit of the liability assumed b y
the trust com pany. The description of the bonds as
first mortgage bonds by the words endorsed on them
did not purport to be, and was not alleged to be, the
act of the trust com pany, and no case had been cited ,
at least in this State, Justice Hirschberg urged, which
holds that the guarded and limited terms of the cer
tificate may be lawfully held to embrace a representa
tion or guaranty of the truthfulness of the description
of the obligation as made b y the obligor. Continuing,
Justice Hirschberg went on to say:
,
‘ ‘ Had the defendant been charged with knowledge of
any material misstatement or misdescription calculated
to deceive purchasers, a different question might have
been presented, and the fact that the act com plained
of was that of another might not avail as a defense.
But in view of the length of time during which it has
been the custom of trustees of bond issues to act in
that capacity for a com paratively 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 com plaint; to impose so
THE CHRONICLE.
serious a burden upon the office assumed b y the de
fendant in the financial transaction in question. As
in practice it would be almost impossible to prevent
the bonds from containing some descriptive reference
to the nature of the security purported to be created,
the rule suggested would in effect make the liability
of^a trustee, who assumed only the discharge of duties
of fiduciary administration, co-extensive with that of
the principal debtor, who creates the obligation and
receives the entire pecuniary consideration.”
The Court of Appeals now takes substantially the
same view of the liability of the trust com pany. The
opinion in that court is b y Judge H iscock. He points
out that there is no allegation in the complaint that
the defendant was in any manner a party to or re
sponsible for having the endorsement upon the bonds
that they were first mortgage bonds or that it in any
manner was guilty of fraud or misrepresentation in
connection with said statement, or that it suppressed
any knowledge, or in fact knew, that said bonds were
not first morgtage bonds. On the other hand, it is
to be noted, as bearing upon this point, that the reso
lutions passed b y the mortgagor authorizing the exe
cution of the mortgage and bonds expressly provided
that the proceeds thereof should be applied to the pay
ment and satisfaction of any existing indebtedness of
the com pany. Judge Hiscock says if this resolution
had been complied with the prior mortgage would have
been retired when the bonds were issued and the latter
would have been in reality first mortgage liens.
Under the circumstances, the question presented
for the consideration of the Court narrowed down to
the point whether the trust com pany, solely on account
o f the certificate which it had placed upon the bonds,
should be held to have guaranteed the nature and
extent of the security therefor, because the Carbonate
Co. had placed upon them a statement purporting to
be descriptive of the latter. Judge Hiscock thinks it
would be unreasonable to impose any such liability
upon the trust com pany. The language em ployed,
when interpreted in its natural and ordinary meaning,
simply amounts to a statement identifying the bonds
whereon it is written as one of those mentioned in the
mortgage, and the effect of this is an assurance to the
purchaser that his bonds are among those entitled to
the benefits and protection afforded by such mortgage.
But the statement does not, upon any reasonable
construction, in the absence of any allegation of fraud
or deceit, active or passive, make the trustee a guaran
tor of the quality and extent of the security given
b y the mortgage, or responsible for the accuracy
of statements endorsed upon the bond b y the
mortgagor purporting to describe the nature of
such security.
The Court of Appeals did not think it necessary to
consider the various clauses found in the mortgage and
referred to b y the trust com pany as exempting it from
liability as a trustee. Judge H iscock said that some
of those clauses manifestly refer to duties entirely
different from those which would arise in connection
with the certificate on the bonds and the Court did not
intend to determine how far such clauses might serve
to relieve a trustee like the trust com pany from lia
bility otherwise incurred. It remains to add that all
the judges sitting in the case concur in this opinion,
nam ely, Edward T . Bartlett, Werner, Chase and ChiefJudge Cullen. Judge Willard Bartlett was not sitting
and Judge Gray was absent.
[V
o l . l x x x iv
.
TH E GROWING M A G N IT U D E OF THE
C O U N T R Y ’S FOREIGN TR A D E .
The foreign trade statistics for the calendar year
just published b y the Government are interesting be
cause the figures serve to give emphasis to the fact
that our external trade was, in one particular at least,
an exact duplicate of our domestic trade— that is,
was of unexampled proportions. In another particu
lar also there was close correspondence between the
tw o, namely in that the growth was general and e x
tended all along the line. B y this we do not mean
that there were not some articles in which there were
decreases rather than increases, but that the general
trend was upward and the expansion was participated
in b y all the leading branches and departments of
trade and business, though in isolated instances there
might be a falling off, for special reasons, of larger or
smaller consequence. Both the merchandise imports
and the merchandise exports considerably exceed the
largest previous figures. As the same statement was
true of the totals for 1905, we have another point of
resemblance to the internal trade in the fact that
growth has been cumulative and continuous.
As the best way to indicate the expansion which has
occurred in our trade with the outside world, we will
take the figures of imports and exports com bined
before dealing with either one separately. For 1906
this total trade for the first time reached 3,000 million
dollars, the aggregate being S3,119,172,649. In 1905
the aggregate trade was $2,806,135,345 and in 1904
$2,487,227,930. In two years, therefore, the values
of imports and exports combined have risen over 2 5 % .
If we extend the comparison further back, the progress
becomes still more striking. It was not until 1899
that the total trade for the first time reached 2,000
million dollars, being for that year $2,074,435,381.
The 1,000-million mark was reached as early as 1871,
when the com bined trade had a value of $1,033,463,187. In other words, it took from 1871 to 1899 (28
years) to add the first 1,000 million dollars and only
the seven years from 1899 to 1906, to add the second
1,000 millions. This shows at what tremendous strides
the country has been progressing in recent years.
Of course there has been a double influence at work
in swelling values in such a tremendous way: not only
have quantities o f imports and exports risen de
cidedly, but in addition prices have advanced—
speaking of articles of merchandise generally and not
of any particular kind or class. Doubtless prosperity
in the United States alone would not have sufficed to
bring such a general enhancement of prices. As a
matter of fact, however, prosperity has been world
wide— in its sweep taking in those two other leading
nations, Germany and England.
That our own imports and exports should have
further increased in 1906 cannot be deemed at all
strange in view of the favorable conditions ruling h ere.
The merchandise exports continued to expand because
of successive large crop yields and the imports were
swelled b y the activity and prosperity of all industrial
interests. W ith labor more fully em ployed at better
wages than ever before and with everybody making
m oney, consumption of necessaries and of luxuries
alike was necessarily prom oted. And the fact that
the country’s productive capacity in all lines was ex
panding, obviously increased the call for the materials
J a n . 26 1907. \
THE CHRONICLE.
needed in such production and which had to be drawn
in larger or smaller extent from abroad. The further
fact that home production in many cases fell far short
of home consumption, notwithstanding the increase in
said production, made necessary an additional draft
upon the foreign markets on that account too.
The value of the merchandise imports for the twelve
months of 1906 was $1,321,064,694. This compares
with S I,179,144,550 the previous year and with $1,035,909,190 in 1904, when for the first time the m er
chandise imports had a value of 1,000 million dollars.
It is necessary to go back only to 1898 to find a total
less than half that for 1906. In the year referred to
the amount of the imports was $634,964,448. In the
eight years since then, therefore, we have more than
doubled the imports. The further addition of 142
million dollars in 1906 is the more noteworthy as it
was made in face of a considerable falling off, for
special reasons, in certain large items of imports.
The details regarding the separate items of imports
are not yet available for the full twelve months, but
from the figures for the eleven months to N ov. 30 it is
evident that there must have been a large falling off
in such items as sugar and coffee.
The coffee imports show a decrease both b y reason
of a diminution in quantity and a decrease in price.
Brazil hopes to advance the price of coffee through
its valorization scheme but thus far the effort has not
borne the fruit expected— the price is lower rather
than higher than it was six months ago— and consumers
and dealers in this country apparently evince no dis
position to lay in extra supplies in fear of a prospective
advance. At all events, for the eleven months to
N ov. 30 the imports of coffee 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 $81,053,330 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 w ool, apparently because the total had been
rather larger than usual in 1905. But aside from the
items here mentioned, 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
exports of cotton manufactures. At the end of this
article we give a series of tables, one of which shows
the items of imports and exports where marked changes
appear, and from this the import movem ent can be
studied with greater detail.
As to the export m ovem ent, the agricultural exports
still form a preponderating proportion of the whole.
This is tantamount to saying that our merchandise
187
outflow is still dependent to a large extent upon the
out-turn of the crops— modified, of course, b y the
varying demand for the same b y the outside world
and the crop yields in other leading producing coun
tries. The crop situation in the United States during
1906 was, on the whole, favorable to a fair export
movem ent. The grain yield was large in 1905 and
was again abundant in 1906 and there was no such
wild speculation in prices as had prevailed in some
previous years. It is to be said, however, that, not
withstanding the large grain crops, the grain deliveries
were small, and this feature was emphasized as the
year progressed. Whether the reason why grain came
forward relatively in such a slow way was that given
in some quarters, namely that the railroads, because
of freight congestion, did not supply cars fast enough
to carry the grain to market, or whether farmers as a
matter of policy held back supplies, the fact of a small
grain movem ent remains. In the grain export trade
the year was one of moderate proportions— better than
the two years immediately preceding, which were p oor
periods in that respect, but falling far behind the years
when the grain export movem ent was of exceptional
extent. Thus the wheat and flour shipments for the
twelve months aggregated 127,300,190 bushels as
against only 71,788,579 bushels in 1905 and but
64,957,158 bushels in 1904, but as against 161,367,104
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,
having been $107,549,749 for 1906, against $67,101,166
for 1905 and $61,231,117 for 1904, but as against
$134,517,491 for 1903 and $165,346,005 for 1902. The
corn 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 breadstuffs
exports, as a whole, were valued at $189,180,400 for
1906, against $154,300,630 for 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
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 o f
the year preceding, reaching only 7,448,712 bales,
against 8,009,374 bales in 1905. The average pricer
though, was 1 0 ^ cents per pound in 1906, against only
9}/2 cents in 1905. The 1906 yield of cotton was very
good but this did not cut any great figure in the export
m ovem ent until the last three months. The previous
season’s yield had been small and that circumstance con
trolled the export movem ent for the first nine m onths.
On account of the higher price the reduced am ount o f
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 a deep impression
in foreign countries, and in the closing months of the
year many items of the meat exports were showing
large decreases as compared with the corresponding
dates of the year preceding. The cattle and live-stock
shipments actually record a decline for the twelve
months as a whole. W ith reference to the petroleum
exports, these also have, risen to still higher figures.
The further expansion followed both as the result of
another gain in the volume of the shipments and of
better prices. In value the petroleum exports for
the twelve months were $85,300,400 in 1906, against
$79,640,929 in 1905, and in volume the shipments
were 1,181 million gallons, against 1,165 million gal
lons.
From what has been said it will be seen that the
situation was that there was an 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 e x
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
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 were unable
to 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
fo r the last six years.
E X P O R T S O F LE A D IN G PR O D U CTS F O R S I X C A L E N D A R Y E A R S .
Exports.
1906.
1905.
$
$
i
$
C o t t o n ...1413,105,720 392,600,644 368.839,188
Breadst’ffs;189,180,400 154,300,630: 98,307,218
P roV ns& c 208,697,900 190,600,703:166,164,404
Cattle,sh’ p|
and hogs: 39.472.S70 42.974,935 43,646,211
Petr’l'm & c 85.300,400 79,640.929 80,624,207
1903.
1902.
1901.
$
!
s
S
378,635 ,778|290,491,225 300,985,383
200,012 ,362 195,711,992 276,404,299
181,476 ,994j 182,628,790j206,931,309
38,932 ,402 25.841,639 39,290,067
72,628 ,539! 68,597,143 72,784,912
T o t a l-- 935,756,990)860,117 ,841757,581 ,228871,686, 075 763,276,525;896,395,970
All other
exports:862,350.965766,872, 954,693,727 ,5121613,067, 008|597,409,408|568,979.890
T o t a l . - . 1798107 955 1626990 795.1451308 740 1484753 083|1360685 93311465375860
It will be seen 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 $896,395,970 to $935,756,990, but the “ all other exports” in the same in
terval have risen from $568,979,890 to $862,350,965.
Notwithstanding the increase in the imports, the
trade balance in favor of the United States for 1906
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 b y 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 m ove
ment and also adding on the silver m ovem ent, we get
the following comparative results with reference to
the trade balance as a whole.
[V o l.
l x x x iv
Y E A R L Y T R A D E B A LA N C E.
1906.
1905.
1904.
1903.
1902. T l
Excsss o f
$
S
S
S
$
Merchan. e x p o rts..477,043,261 447,846,245 415,409,550 489,258,756 391,369,063
Silver exports......... 14,685,444 21,573,967 24,048,203 16,635,834 22,870,019
T otal.................. -.49 1,72 8,7 05 469,420,212 439,457,753 505,894,590 414,239,082
Gold Imports........... 108,990,369
3,498,938 a36,408,593 20,920,862
8.162,726
Grand total--------382,738,336 465.921,274 475,866,346 484,973,728 406.076,356
a Excess of exports.
On the face of the returns there still remained an
excess of exports for 1906 of $382,000,000 after the
large gold imports. How much of this would be left
unliquidated after allowing for freights, for interest
on American securities held abroad, for undervalua
tion of imports, for overstatement of the values of
exports and the various other items that have to be
taken into account in any such general reckoning we
will not undertake to say.
As a matter of record and for the convenience of the
reader, we append several additional tables which
have been drawn upon very largely in the statistical
references and illustrations contained in the remarks
above.
M ERCH AN DISE E X P O R T S AN D IM PORTS (C A LEN D AR Y E A R S ).
Calendar Year.
1870
1871 — .................... ..
1872
.....................
1873
..........
1874 — ............. .............
1875 ..............................
1876
...............
........
1877
1878
..
1879
..
1S80 ..............................
1 8 8 1 ...............................
1882 ...............................
1883
-------------1884
..................... .
1885
........
1886
1887
---------------1888
1889
...................
1890
..
189 1
1892
...............
1893
............
1894
...............
1895
1896
.....................
1897
1898
........
1899 — ...........................
1900
190 1
- ..........
1902
1903
..
1904
..
1905
1906
Exports.
403,586,0101
460,352,088i
468,837,948:
567,757,867:
569,872,553'
510,947.422
590,666,629'
620,302,412!
737,091,973:
765,159,825
889.6S3.422;
833,549,127;
767,981,9461
795.209,3161
749,366,428
688,249,798
713,347,290!
715,212,840!
691,620,852]
827,055,750;
855,399,202 i
970,265,9251
938.020,941
875,831,848!
825,102,248
824,860,136;
,005,837,241!
,099,709,045
,255,546,260
,275,467,971
,477,946,113
,465,375,860
,360,685,933
,484,753,083
,451,318,740
626,990,795
798,107,955
Imports.
$
461,132,058 /TOp. 57,546,048 864,718,068
573,111,099
112.759,011 1,033,463,187
655,964,699 Imp. 187,126,751 1,124,802,647
595,248,04S!/wp. 27.490,181 1,163,005,915
562,115,907 ]Exp.
7.756,646 1,131,988,460
503,162,936|.Erp.
7,784,486 1,014,110,358
427,347, ISb'Exp. 163,319,464 1,018,013,794
480.446,300tExp. 139,856,112 1,100,748,712
431,612,383! Exp. 305,479,590 1,168,704,356
513,602.796\Exp. 251,557,029 1,278,762,621
696,807,176 Exp. 192,876,246 1,586,490,598
670,209,448|£'zp. 163,339,679 1,503,758,575
752,843,507'.Kip. 15,138,439 1,520,825,453
687,066,2161 Exp. 108 143,100 1.482.275.532
629,261,860 i?zp. 120,104,568 1,378,628,288
587,868,673\Exp. 100,381,125 1,276,118,471
660,893, 5&<S\Exp. 52,453,704 1,374,240,876
704,576,343 Exp. 10,636,497 1,419,789,183
719,484,680j/TOp. 27,863.828 1.411.105.532
762,884,881 Exp. 64,170,869 1,589,940,631
814,909,575 Exp. 40,489,627 1,670,308,777
818.364,52ll Exp. 151,901,404 1,788,630,446
830.490, lAl\Exp. 107,530,800 1,768,511,082
766.239,846!£’arp. 109,592,002 1;642,071,694
676,312,941'.Exp. 148,789,307 1,501,415,189
801,669,ZM Exp. 23.190,789 1,626,529,483
681,579,556 Exp. 324.257,685 1,687,416,797
742,595,229 E xp. 357,113,816* 1,842,304,274
6 3 4 ,9 6 4 ,4 4 8 !^ . 620,581,818 1,890,510,714
798,967,410 Exp. 476,500,561 2,074,435,381
829,149,714 j-Rrp. 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 Exp. 489,258,756 2,480,247,410
,035,909,190 Exp. 415,409,550 2,487,227,930
,179,144,550 E xp . 447,846,245 2,806,135,345
,321,064.694 Exp. 477,043,261 3.119,172,649
BR E A D STU FFS AN D COTTON E X P O R T 3 F O R C A L E N D A R Y E A R S .
1906.
1905.
1904.
1903.
1902.
W heat and flour—
fSJ
Bushels------ 127,300,190
71,788,579
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
W heat, av.prlce
78M c.
82 9-16c.
83 H c.
80J6c.
|»75c.
Flour, av. price
$4 08
$4 40
$4 37
$3 85
*3572
C om — bushels 102,469,086 111,265,931
46,498.607
91,732.780
18,723,960
Values- $52,813,699 $60,154,326 $25,257,143 $49,135,007 $11,567,976
A v . p r ic e ..
51}^c.
54c.
54 5-16C.
53 9-16c.
61M 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
$617,745
$2,552,962
A v . p r ic e ..
36^ c.
34 9-16C.
41 15-16C.
41 5-16c.
42 1I-16C
Cotton— bales
7,448,712
8,009,374
6,561,643
7,093,436
6.687,441
A v . p r ic e ..
10M c.
9K c.
10 15-16c.
10 7-16c.
8M c.
E X P O R T S 11 M O N T H S E N D I N G N O V E M B E R 3 0 .
E x p o rts —
1 90 6.
A g ric u ltu ra l Im p le m e n ts___________ $2 2 ,4 7 9 ,9 5 7
A u t o m o b i l e s ________________________
4 ,1 6 7 ,0 3 2
Cars fo r steam r a ilw a y s - ....................
5 ,8 4 7 ,8 5 7
C o p p e r , n o t in clu d in g o r e __________ 8 1 ,3 6 6 ,9 2 4
C o t t o n m a n u fa c tu r e s _______________ 4 0 ,2 5 5 ,8 1 5
F ru its a n d n u t s ........................... ............ 1 2 ,3 1 2 ,2 2 4
F u rs a n d fu r s k in s ___________________
7 ,270,961
H id e s a n d s k in s _____________________
1,709,321
H o p s ................................................. .........
3,312,48.3
I r o n , s te e l, & C - . - ...................................1 57 ,755 ,31 6
L e a th e r, & c .......................................... ..
33,709,991
N a v a l s t o r e s _________________________ 18,6 4 4 ,6 8 7
O il c a k e a n d o il m e a l...........- .............. 2 1 ,3 3 5 ,5 9 7
O il, v e g e t a b l e .......................................... 13,8 0 8 ,0 8 4
P a ra ffin a n d p a r a ffin w a x - ...............
7 ,6 4 4 ,2 5 5
S e e d s _________________________ ______ 13,6 8 9 ,1 3 2
T o b a c c o , n o t ln c l. m a n u f a c t u r e d .. 2 9 ,9 9 8 ,3 1 4
W o o d a n d m a n u f a c t u r e s .- ............... 7 0 ,8 5 6 ,7 1 3
1905.
$ 2 0 ,4 4 4 ,7 4 7
2 ,4 9 9 ,0 1 0
4 ,0 8 9 ,1 0 4
7 7 ,7 1 7 ,3 1 7
5 1 ,4 1 1 ,4 0 0
1 3 ,2 4 7 ,8 0 4
6 ,4 0 1 ,9 2 2
770 ,2 7 2
943 ,2 0 2
1 2 8 ,9 4 4 ,2 5 2
3 5 ,5 2 7 ,1 6 8
1 6 ,2 7 0 ,6 4 3
1 8 ,5 6 7 ,2 2 9
1 5 ,4 7 5 .8 4 4
7 ,1 1 0 ,9 7 8
2 ,6 9 6 ,1 3 9
2 5 ,3 1 7 ,5 3 9
5 4 ,2 3 9 ,7 7 6
1904.
$ 2 0 ,7 5 8 ,0 7 5
1,6 8 2 .9 9 4
2,0 1 6 ,5 8 9
6 8 .0 0 5 ,1 6 9
2 9 ,3 9 7 ,8 5 4
16,1 0 5 ,0 5 0
4 ,7 0 5 ,9 2 2
2 ,3 9 2 ,6 1 2
3 ,936,501
1 1 8 ,1 5 4 ,3 0 5
3 2 ,0 2 9 ,5 6 8
1 5 ,2 3 3 ,6 9 6
1 6 ,1 1 9 ,8 5 2
1 1 ,7 2 5 ,9 5 0
7 .538,641
1.7 5 1 ,9 9 6
2 9 ,4 7 9 ,4 5 7
5 6 ,9 0 6 ,5 1 9
I M P O R T S 11 M O N T H S E N D I N G N O V E M B E R 30.
im p o rts—
1906.
C h e m ica ls , A c ..........................................$7 0 ,1 8 6 ,6 8 4
C oa l - - - ...................................- ................
3 ,7 2 9 ,0 9 6
C o c o a o r c a c a o ..........................................
8 ,6 6 3 ,6 2 8
C o f f e e ........................................................... 6 2 ,1 8 3 ,0 0 7
C op p er— o re a n d re g u lu s........ ............
6 ,3 9 8 ,0 3 6
C o p p e r— p ig , b a rs, In g o ts .................. 2 7 ,6 8 5 ,8 0 3
C o tto n m a n u fa c tu r e s -......................... 6 1 ,3 2 3 ,2 5 0
E a rth e n , s to n e a n d c h in a w a r e ____ 1 2 ,6 5 7 ,5 2 3
F e r t i li z e r s ................................ ................
4 ,0 5 2 ,5 2 9
F la x , h e m p , & c.— u n m a n u fa ctu re d 3 4 ,0 1 1 ,9 4 9
F la x , h e m p , A c — m a n u f a c t u r e d .. 5 5 ,0 8 0 ,4 2 6
F ru its a n d n u t s _____________________ 2 9 ,7 6 1 ,7 4 2
F u rs a n d fu r s k in s ___________________ 2 0 ,9 6 0 ,7 0 9
G lass a n d g la ssw a re ..............................
7 ,1 2 5 ,4 0 3
H a ts , b o n n e ts , h o o d s , & c _________
5 .1 5 3 ,3 3 9
H id e s .........................- ............................... 7 8 ,1 7 9 ,8 4 0
190 5.
$ 6 3 ,5 0 1 ,4 8 2
3 ,3 9 2 ,0 4 2
7 ,8 8 3 ,3 4 3
6 7 ,9 0 2 ,1 2 9
5 ,0 7 5 ,7 7 5
2 0 ,3 0 5 ,8 9 6
4 8 ,6 3 1 ,9 8 9
1 1 ,3 7 8 ,2 6 3
4 ,0 1 8 ,8 5 8
3 6 ,6 2 5 ,1 2 7
4 0 ,8 3 2 ,1 7 3
24,6 7 6 ,7 2 1
1 8 ,9 6 7 ,1 6 9
5 ,9 3 5 ,9 2 2
3 ,6 6 0 ,5 3 4
6 7 ,7 7 2 ,2 1 1
1904.
$5 8 ,0 8 6 ,0 6 8
3 ,5 7 9 ,0 5 4
8 ,1 5 4 ,2 0 4
7 7 ,3 4 1 ,9 9 3
3 ,8 7 4 ,4 0 7
16,6 3 1 ,2 8 8
4 2 ,0 9 0 ,8 3 4
10.9 6 5 ,6 7 9
3 ,4 5 4 ,0 6 4
3 2 ,9 4 6 ,7 9 9
3 5 ,8 2 9 ,1 8 5
2 2 ,3 9 0 ,9 2 7
1 4 ,6 0 3 ,4 6 7
5 ,4 7 0 .9 2 1
3 ,8 2 3 .7 0 9
5 2 ,6 9 0 ,0 4 6
1 90 6.
I n d ia -r u b b e r . _ . . ------- .
— . .$ 4 9 ,0 6 9 ,3 5 8
I r o n a n d s te e l- - - __ 3 0 ,8 4 0 ,4 7 3
J e w e lry , d ia m o n d s , & c --------------- . . 4 0 ,5 5 9 ,0 4 0
L e a th e r a n d m a n u fa c tu r e s ______ . 1 6 ,427,538
Oils _______________________________ . . 14,2 7 6 ,1 3 9
S ilk — ra w , & c . . . ______________ . . 5 6 ,2 5 6 ,5 5 7
S ilk — m a n u fa c tu r e d
_________ . . 3 1 ,2 4 1 ,8 0 7
S u g a r ------- —
. ------------------- . . 7 3 ,8 3 4 ,0 2 7
12,7 3 8 ,4 5 4
T e a . --------------------------------- .
T i n ________________________________ . . 3 3 ,2 6 2 ,9 6 6
2 4 ,7 9 2 ,3 0 4
T o b a c c o — u n m a n u fa ctu r e d . _ .
3 7 ,4 1 7 ,7 2 6
W o o d a n d m a n u fa ctu re s o f ____
W o o l — u n m a n u fa c t u r e d ________ . . 3 5 ,6 9 5 ,6 8 4
W o o l— m a n u fa c t u r e d ____________
20 ,7 2 8 ,1 8 8
1905.
$ 4 6 ,3 8 7 ,6 5 6
23 ,9 1 2 ,9 4 7
34 ,8 6 0 ,8 9 3
11 ,2 5 0 ,2 7 4
11 ,7 4 6 ,4 1 3
5 1 ,2 9 9 ,2 3 0
3 0 ,6 7 4 ,8 9 5
9 9 ,3 0 6 ,3 3 8
1 3 ,0 8 6 ,6 8 8
2 4 ,5 9 1 ,9 5 3
1 7 ,1 6 2 ,4 6 0
2 9 ,6 2 4 ,1 2 9
4 4 ,5 5 9 ,3 7 9
1 9 ,5 4 1 ,5 4 4
GOLD.
B Year
Ending
Dec. 31
Exports.
Imports.
189
THE CHRONICLE.
J a n . 26 1907.]
1904.
54 0 ,0 4 6 ,7 1 1
1 9 ,9 4 6 ,0 8 1
2 5 ,9 6 6 ,7 5 3
1 0 ,0 6 8 ,5 7 9
10 ,1 4 1 ,8 7 7
5 0 ,8 3 0 ,9 3 6
2 7 ,8 7 8 ,4 4 8
8 1 ,0 5 3 ,3 3 0
1 5 ,2 1 2 ,2 7 2
2 0 ,6 2 6 ,4 7 6
1 5 ,0 7 3 ,6 7 6
2 6 ,1 3 6 ,0 4 6
2 6 ,1 4 1 ,2 8 0
1 4 ,6 0 9 ,4 1 0
B a le s o f 500
lbs. E a ch .
SIL VE R .
| Excess of
Exports( + ) or Exports.
\ Imports(— ).
1 8 7 0 - 53.103.745 10,430,561 + 42,673,
5,841.948 + 39.074,
44.915.975
1871
1 8 7 2 - 06,638,125 11.113.290 + 57,524,
+ 4,958,
1 8 7 3 - 25,496,118 20,537,254
7,422,806 + 35,726,
1 8 7 4 - 43,149,091
1 8 7 5 - 53.413,947 14,338.789 +39,075,
+ 7,558,
1 8 7 6 - 31,231,739 23.673.291
+ 7,352,
1 8 7 7 .. 18,982,638 11,629,655
— 1.821,
8.655,948 10.477,859
1 8 7 8 ..
4,115,446 78,767,941 — 74,652
18793,062,459 73,644,698; — 70,582
18802,603,543 60,398,620i — 57,795,
1 8 8 1 ..
1882 . . 38.721,079 13,402,528) + 25,318,
6.048,770 22,055,961 — 16.007
18831 8 8 4 .. 40,948,246 27.957,657! + 12,990
1 8 8 5 - 11,417,207 23.645,311 — 12.22S.
1 8 8 6 - 41,283,222 41,309,835
— 26.
9,144,426 44.903,327 — 35,758,
1887
1 8 8 8 - 34,526,447 11,034,074 + 23,492,
1 8 8 9 - 50,935,412 12,061,520 + 38,873
1 8 9 0 - 24.063,108 20,379,456
+ 3,683,
1891 . . 77,093,065 45,203,377 + 33,889,
1 8 9 2 .. 76,545,328 18,165,056 + 58,380
1 8 9 3 - 79,983,726 73,280,575
+ 6,703,
1 8 9 4 - 101,849,735 21,350,607 + 80,499,
1 8 9 5 - 104,967,402 34,396,392 + 70,571
1 8 9 6 - 58,256.890 104,731,259 — 46,474,
34,276.401 34,022,812
1897
+ 253,
1 8 9 8 - 16.194,954 158,163,952 —141,968,
1 8 9 9 - 45,379,411 51,334,964
— 5,955,
1 9 0 0 - 54,134.623 66,749,084 — 12.614,
+ 3,0 22,
1 9 0 1 - 57,783,939 54,761,880
— 8,162,
1 9 0 2 - 36.030,591 44,193,317
1903 . . 44,346,834 65,267,696 — 20,920,
1 9 0 4 .. 121,211.827 84,803,234 + 3 6 .4 0 8
— 3,498,
1 9 0 5 - 46,794,467 50,293,405
1 9 0 6 - 46,560.397 155,550,766 -1 0 8 ,9 9 0
$
,846,0S3
,524,495
.048,799
,076,207
.577,984
,889,567
,122,736
,336,929
,209,252
,701,552
,983,442
,063,274
,317,055
.794,670
,563,748
,280.542
,112.707
,733.192
,020,603
,742,875
.609,101
,930,116
.362,281
,357,748
,245,807
,211,086
,056,741
,661,292
,797.104
,461,737
,221,664
,638.358
.272.954
,610,342
.135,245
.513,102
,036,340
the end of the year are placed at 1,106,000 bales, or
191,000 bales more than 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 1897
to 1906, both years included:
Imports.
Excess ol
E xp ’r ts (+ )o r
Imports (— ).
15,259,199
10,962,467
10,068,714
9,212,185
7,830,998
8,547,357
10,798,043
12,141,560
18,389,884
14,425,017
11,631,025
8,595,645
9,098,385
14,153,357
15,504,777
17,772,718
19,758,414
21,000,721
21,761,359
26,799,458
30.764.904
27.915.905
31,452.956
27.765.696
17,633,594
24.373,347
30,279,740
33,082,302
29,131,380
30,843,929
40,100,343
31,146,782
26,402,935
23,974,508
26,087,042
35,939.135
44.350,896
$
+ 12,586.884
+21.562,028
+ 21.980,085
+28,864,022
+ 21,746,986
+ 17,342,210
+ 14,324,693
+ 17,195,369
— 180,632
+ 7,276,535
+ 1,352,417
+ 8,467,629
+ 8,2 18,6 70
+ 11,641,313
+ 14,058.971
+ 15,507,824
+ 7,354,293
+ 6,732,471
+ 8,2 59,2 44
+ 13,943,417
— 2,155,803
+ 14,211
+ 4,909,325
+ 18,592,052
+ 29,612,213
+29,837,739
+ 33,777,001
+ 25,578,990
+ 24,665,724
+ 22,617,808
+26,121,321
+ 24,491,576
+ 22,870,019
+ 16,635,834
+ 24,048,203
+ 21,573,967
+ 14,685,444
N ote.— For years 1886 to 1906 inclusive the figures em brace gold and silver in
•re; In the years preceding both were included in the merchandise m ovem ent.
COTTON S U P P L Y A N D C ON SU M PTION IN
EUROPE.
Mr. Ellison’s “ Annual Review of the Cotton Trade
for the Year 1906” was issued in Liverpool on W ednes
day of the current week, and the cable brings us all
the results of interest given therein. W e have re
ceived, as usual, not only the statistics of supply and
consumption for the calendar year 1906 and the first
three months of the new-crop season, but also such
estimates as Mr. Ellison furnishes for the full season
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 as follows:
S P I N N E R S ’ T A K I N G S . C O N S U M P T I O N A N D S T O C K S IN 1906.
S p in n e r s :
Stock
j T a kin gs.
J a n . 1.
S u p p ly .
W eek ly
Sp inn ers'
C o n su m p
C on su m p
Stock
tio n .
tio n .
D ec. 31.
G reat B rita in
1906 _________
1905
1904
1903
..
1902
..
190 1
1900
1899
..
1898
1897 ................
3 3 0 .0 0 0
264 .0 0 0
2 6 0 .0 0 0
2 5 4 .0 0 0
140 .000
238 .0 0 0
172 .000
199.000
97,000
111 ,000
3 ,890,000
i3 ,764,000
3 ,138,000
,150,000
,378,000
,211,000
,310,000
,479,000
,573,000
3 ,236,000
,220,000
,028,000
398 .000
4 0 4 .0 0 0
518 .000
449 .0 0 0
4 8 2 .0 0 0
678 .0 0 0
670 .000
347 .000
3 .7 7 9 .0 0 0
3.6 9 8 .0 0 0
3.1 3 4 .0 0 0
3 .1 4 4 .0 0 0
3 .2 6 4 .0 0 0
3 .3 0 9 .0 0 0
5.2 4 4 .0 0 0
3.5 0 6 .0 0 0
3 .4 7 1 .0 0 0
3 .2 5 0 .0 0 0
441 .0 0 0
330 .000
264 .000
260 .000
254 .0 0 0
140 .000
2 3 8 .0 0 0
172 .000
199 .000
97,0 0 0
7 2 ,6 7 3
7 1 ,1 1 5
60 ,629
60,461
62 ,769
63 ,6 3 5
62,385
6 7 ,4 2 a
6 6 ,7 5 0
62,500
C on tin en t—
1906 ................
1905 ................
1904
1903
..
1902
1901 ................
1900
1899
1898
..
1897
585 .000
433 .000
584 .000
430 .000
402 .000
260 .000
459 .000
469 .0 0 0
252 .000
2 98 .000
,384,000
326 .000
997 .000
302 .000
955 .000
770 .000
338.000
774 .000
897.000
387.000
5 .9 6 9 .0 0 0
5 .7 5 9 .0 0 0
5 .5 8 1 .0 0 0
5 .7 3 2 .0 0 0
5 .3 5 7 .0 0 0
5 .0 3 0 .0 0 0
4 .7 9 7 .0 0 0
5 .2 4 3 .0 0 0
5 .1 4 9 .0 0 0
4 .6 8 5 .0 0 0
5 .3 0 4 .0 0 0
5 .1 7 4 .0 0 0
5 .1 4 8 .0 0 0
5 .1 4 8 .0 0 0
4 .9 2 7 .0 0 0
4 .6 2 8 .0 0 0
4 .5 3 7 .0 0 0
4 .7 8 4 .0 0 0
4 .6 8 0 .0 0 0
4 .4 3 3 .0 0 0
665 .000
585 .0 0 0
43 3 .0 0 0
584 .000
430 .0 0 0
402 .0 0 0
260 .0 0 0
459 .0 0 0
469 .000
252 .0 0 0
1 0 2 ,0 0 0
9 9 ,5 0 0
9 9 .0 0 0
9 9 .0 0 0
9 4 ,7 5 1
8 9 .0 0 0
8 7 .2 5 0
9 2 .0 0 0
9 0 .0 0 0
8 5 .2 5 0
A ll E u rop e—
190 6
....
1905
190 4
1903
1902
1901 ................
1900
..
1899
1898
1897 .............
91 5 ,0 0 0 !9
6 9 7 ,0 0 0 19
844.00018
684 ,000 :8
542.00018
498 ,0 0 0 :7
631 .000 i7
668,000|8
349 .000 8
4 09 .000 7
274 .000
0 9 0 .0 0 0
135.000
4 52 .000
333 .000
9 81 .000
648.000
253 .000
4 70 .000
623 .000
10189.000
9.7 8 7 .0 0 0
8 .9 7 9 .0 0 0
9 .1 3 6 .0 0 0
8 .8 7 5 .0 0 0
8 .4 7 9 .0 0 0
8 .2 7 9 .0 0 0
8 .9 2 1 .0 0 0
8 .8 1 9 .0 0 0
8 .0 3 2 .0 0 0
9.0 8 3 .0 0 0 .,1 0 6 ,0 0 0
915 .000
8 .8 7 2 .0 0 0
8.2 8 2 .0 0 0
697.000
8.2 9 2 .0 0 0
844 .000
8.1 9 1 .0 0 0
684.000
7.9 3 7 .0 0 0
542 .000
7.7 8 1 .0 0 0
4 98 .000
8 .2 9 0 .0 0 0
631 .000
8 .1 5 1 .0 0 0
668.000
7.6 8 3 .0 0 0
349 ,000
17 4 ,6 7 3
170 ,615
159 ,629
159,461
157 ,520
152 .635
149 .635
159 .423
156 .750
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.
A t the same time, the aggregate profit of all the estab
lishments making returns has not been as great as in
the preceding year. It is satisfactory to state, how
ever, that all mills shared in the profits recorded.
Our cable states that 104 companies in the Oldham dis
trict exhibit an aggregate profit of £692,343 in 1906,
or an average of £6,657 per mill, against a profit of
£7,780 per mill in 1905, only £275 in 1904 and a loss
of £658 per mill in 1903. The showing made b y the
Oldham mills since 1891 has been as follws:
C om Y ea rs—
p a n ics.
1906 ................................................................. . 1 0 4
1905 ..................................................................... 96
1904 ......................... ...........................................104
1903 .................................................................. .. 88
1902 .................................................................. .. 90
1901 ..................................................................... 88
1900 ...................................................... .............. 86
1899 ..................................................................... 78
1898 . . . .............................................................. 70
1897 .................................................... ................. 79
1896 .......................................... .......................... 92
1895 . . ..................................... .......................... 95
1894 _______________ __________ ____________ 93
1893 .......................................... .......................... 93
1892 ........................................................ ............ 90
P r o fit + o r
L oss — .
+ £ 6 9 2 ,3 4 3
+ 7 4 6 ,9 1 3
+ 2 8 ,6 1 1
— 57,9 2 5
+ 2 4 ,7 2 7
+ 3 2 3 ,3 3 1
+ 2 9 2 ,8 6 1
+ 3 4 3 ,6 9 9
+ 2 3 1 ,5 1 8
+ 1 4 7 ,7 2 4
+ 4 6 ,7 7 2
+ 6 3 ,3 2 9
— 15,837
— 7 2 ,7 6 8
— 1 0 1 ,4 3 4
P r o fit or L o ss
p er M ill.
+ £ 6 ,6 5 7
+ 7 ,7 8 0
+275
— 658
+275
+ 3 ,6 7 4
+ 3 ,4 1 5
+ 4 ,4 0 6
+ 3 ,3 0 7
+ 1 ,8 5 7
+508
+667
— 177
— 782
— 1,127
A feature of the year in Great Britain has been the
decided
increase in spinning capacity. For a number
S to c k s J a n u a ry 1 1 9 0 6 . . ------------------------- .
330 ,000
585 ,000
915 ,000
T a k in g s ----------------------- ---------------------------------------- 3 ,8 9 0 ,0 0 0 5 ,3 8 4 ,0 0 0 9 ,2 7 4 ,0 0 0
of years up to and including 1904 the yearly addi
S u p p ly ------------------------------------------------------ 4 .2 2 0 .0 0 0 5 .9 6 9 .0 0 0 10189000
tions to the number of spindles were strictly moderate
C o n s u m p t io n ___________
. _____
___ _____ 3 .7 7 9 .0 0 0 5 .3 0 4 .0 0 0 9 ,0 8 3 ,0 0 0
or unimportant, but in 1905 a gain of 1,000,000 spin
S to c k s J a n u a r y 1 1 9 0 7 .
__________
441 ,000
665 ,000 1,106,000
W e e k ly c o n s u m p t i o n ____ _______ _____________
dles was reported by Mr. Ellison. In the year just
72,673
102,000
174,673
closed, however, the augmentation of spindles has
It will be observed that the average weekly consump been on a com paratively radical scale. New estab
tion of the mills in Great Britain is greater than'in'any lishments using Egyptian cotton exclusively, with
preceding year, having been 72,673 bales ofjSOOJbs. approximately 2,000,000 spindles, have started in full
each in 1906, or a gain of 1,558 bales per week over or in part, and in new mills using American cotton
1905 and an increase of 12,044 bales per week over about 1,500,000 spindles have got fully or partly to
1904. Continental consumption, however, shows an work. But even these important additions are not
augmentation over the 1905 rate of 2,500 bales, a full measure of the increase, as mills are now being
being at the rate of 102,000 bales per week. For the erected with a further capacity of over 3,000,000
whole of Europe the 1906 average weekly rate, and spindles, of which two-thirds are to be used on Ameri
consequently the total consumption, exhibits a satis can cotton.
factory excess over 1905 and a decided gain^over
W e have also received separately b y cable the figures
earlier years. Surplus stocks at all European mills at of takings, consumption, & c., for the last three months
In 5 0 0 -lb. B a les.
G t.B rU 'n . C on tinent
Total.
190
THE CHRONICLE.
[V o l .
l x s x iv
.
o f the calendar year 1906. Those three months are
R A ILR O AD GROSS A N D NET E AR N IN G S
the first quarter of the current season, beginning with
FOR NOVEM BER.
October 1 1906. For those-three months the spinners’
takings in actual bales and pounds have been *as
The course and character of the returns of railroad
follows:
earnings at the present time are well indicated in the
compilations we present to-day for the month of No
Oct. 1 to J a n . 1.
C on tin en t.
Great B r ita in .
Total.
vember. W ith $9,573,502 increase in gross earnings,
For 1906.
the gain in net earnings amounts to only $1,559,127.
1 ,5 0 4 ,0 0 0
1 ,1 4 4 ,0 0 0
T a k in g s b y s p in n ers ____ bales
2 ,6 4 8 ,0 0 0
A v e r a g e w e ig h t o f b a le s ___ lbs.
490
505
496 .5
7 3 6 ,9 6 0 ,0 0 0 1,3 1 4 ,6 8 0 ,0 0 0
5 7 7 ,7 2 0 ,0 0 0
Two features in this exhibit attract attention: (1)
F or 1905.
the gradual shrinkage in the amount and ratio of the
1 ,3 0 8 ,0 0 0
1 ,0 3 8 ,0 0 0
2 ,3 4 6 ,0 0 0
T a k in g s b y sp in n e r s ____ bales
499
488
A v e ra g e w e ig h t o f b a le s ___ lb s .
492 9
improvement in gross and (2) the growing magnitude
5 1 7 ,9 6 2 ,0 0 0
6 3 8 ,3 0 4 ,0 0 0 1 ,1 5 6 ,2 6 6 ,0 0 0
of the augmentation in expenses, which is serving al
most
to extinguish the improvement in the net. In
A ccording to the above, the average weight of the
the
case
of many separate roads gains in gross have
deliveries in Great Britain is 505 pounds per bale this
season, against 499 pounds during the same time last actually been attended by losses in net, and the same
season
The Continental deliveries average 490 is true with respect to certain groups of roads.
The situation appears to be that comparison is now
pounds, against 488 pounds last year, and for the
whole of Europe the deliveries average 496.5 pounds with very large totals of earnings, and the railroads
per bale, against 492.9 pounds last season. Our dis are no longer able to maintain the exceptionally heavy
patch also gives the full movement for the three months ratios of gain previously shown, while at the same time
cost of labor and materials and supplies and all things
this year and last year in bales of 500 pounds.
that enter into the operating accounts of the railroads
1905.
1906.
are steadily increasing. W orst of all, the railroads
O ct. 1 to J a n . 1.
Great C o n ti
G reat C o n ti
are so handicapped with a volume of business in excess
B a les o f 500 lbs. E a ch .
B r it’n. n ent.
Total. B r i t ’n. nent.
Total.
of their ability to handle that they no longer find it
S p in n ers’ s t o c k O c t . 1 ______
256
621
253
556
809
877
274
254
358
T a k in g s in O c t o b e r . ___
297
551
632
possible to transport freight with due econom y. In
530
979
T o t a l s u p p ly ______
.
___
507
853
1,360
1,509
404
C o n s u m p tio n O c t . , 4 w e e k s ___
296
420
296
716
700
the case of the Great Northern and some other roads
S p in n ers ’ s t o c k N o v . 1 _ ___
211
234
575
644
433
809
in
the same section of the country (which, however,
T a k in g s in N o v e m b e r . . . . .
442
391
894
365
503
807
are not included in our presentation of net earnings,
T o t a l s u p p ly ..............................
602
599 1,017
936 1,538
1 ,616
404
C o n s u m p tio n , N o v ., 4 w e e k s .
296
296
420
716
700
since the roads referred to do not furnish monthly re
303
613
S p in n ers ’ s to c k D e c . 1 _______
516
822
306
916
674 1,184
397
477
ports of their net), the whole freight schedules were
T a k in g s In D e c e m b e r ________
510
874
T o t a l s u p p ly ________________
700 1 ,090
816 1 ,190 2 ,0 0 6
1,790
entirely
deranged^and congestion of freight increased
505
C o n s u m p tio n D e c ., 5 w e e k s ..
370
375
525
900
875
by
the
hurrying
through of coal trains’on passengerS p in n ers’ s t o c k Jan . 1 _ ___
441
665 1,106
330
585
915
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
b y bringing together the above totals and adding the during November in the Western grain m ovem ent,
average weekly consumption up to to this time for the but this has itself been attributed to the failure of
the roads to furnish cars for the purpose in sufficient
two years.
number— with what truth cannot be said with great
1905.
1906.
certainty. On the other hand, Southern roads were
O ct. 1 to J a n . 1.
G reat C o n ti
B a les o f 500 lbs. each.
Great C o n ti
favored
with a large increase in the cotton m ovem ent.
0 00 s om itted.
B r it ’ n. n ent.
T otal. B r i t ’n. n ent.
T o ta l.1
The same roads had a still further advantage in the
S p in n ers’ s t o c k O c t . 1 . ___ __
253
556
256
621
809
877
T a k in g s t o Ja n . 1 ___ _______ .
1,155
1,474 2,629
1 ,0 3 6
1,277 2,313
fact that a number of them were comparing with
S u p p ly - . . . . ______ _____
1,408 2,030
1,898
3,438
1,292
3,190
C o n s u m p tio n , 13 w e e k s _____
967 1,365
2,332
962
1,3 1 3 2,275
diminished earnings the previous year, the yellow fever
'p in n e r s ’ s t o c k Ja n . 1 ___
441
665 1,106
330
585
915
quarantines at that time having served to curtail the
W e ek ly C o n su m p tio n ,
traffic
and revenues of such lines. Y et it is precisely
000 s om itted.
In O cto b e r '________________ _____
74
105
179
74
101
175
these
Southern
roads that make the poorest showing
74
105
179
I n N o v e m b e r . . _____________
74
101
175
75
105
180
74
I n D e c e m b e r ................................
101
175
as to net. The Southern group collectively has $1,367,765 gain in gross, with $696,704 loss in net.
The foregoing shows that the weekly consumption
is now 180,000 bales of 500 pounds each, against
November.
January 1 to November 30.
(97 roads.)
(92 roads.)
175,000 bales of like weights at the corresponding
Inc. or Dec.
1906.
| 1905.
1905.
|Inc. or Dec.
1906.
time last year. The total spinners’ stocks in Great
S
$
$
S
$
*
Britain and on the Continent have increased 284,000 Gross 140.697,123 131,123.621 + 9.5 73,5 02 1.425,356.448 1,273.179.382 + 152177066
E x p . 92.631,836| 84.617,461 + 8,014,375 962,099.390 871.510.107 +90,589.283
bales during the month and are now 191,000 bales
N et. 48.065.287 46,506.160 + 1,559.127 463.257,058 401.669,275! + 61,587,783
more than at the same date last season.
According to our cable, Mr. Ellison revises the
W e need hardly say that United States railroads
figures given last October of estimated requirements
as a whole in November of the previous year showed
for the season of 1906-07, increasing his previous total
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 b y the yel
revised estimate is as follows:
low fever quarantines. Our statement for November
E stim a ted
A c tu a l
A c tu a l
1905 indicated $12,412,497 gain in gross, or 10.28% ,
1 9 0 6 -0 7 .
190 5 -0 6 .
190 4-0 5.
B a le s .
B a le s .
B a les.
and $5,187,518, or 12.28% , gain in the net. More
R e q u ir e m e n ts — O rd in a ry b a l e s _______
A m e r i c a n .............................. ......... .............1 2 ,3 7 1 ,0 0 0
1 1 ,9 6 7 ,0 0 0
1 1 ,7 6 8 ,0 0 0
over, these gains themselves followed large gains in
E a st I n d ia n ................................ ................ 1 ,4 0 0 ,0 0 0
1 ,2 8 8 ,0 0 0
872 ,000
E g y p t i a n _______ ______ ________ ______
9 0 0 ,0 0 0
8 1 5 ,0 0 0
821 ,000
the same month of preceding years, though the course
S u n d ries ______________________________
3 2 5 ,0 0 0
4 5 9 ,0 0 0
199,000
of the net was not always the same as that of the gross,
T o t a l r e q u ir e m e n ts ________________ 1 4 ,9 9 6 ,0 0 0
1 4 ,5 2 9 ,0 0 0
1 3 ,6 6 0 ,0 0 0
A v e ra g e w e ig h t __________________________
4 8 9 .7
4 8 4 .3
49 5 .2
as will be seen from the following comparative exhibit.
R e q u ir e m e n ts , ba les 500 l b s . __________1 4 ,6 8 7 ,0 0 0
1 4 ,0 7 2 ,0 0 0
1 3 ,5 2 8 ,0 0 0
Gross Earnings.
Year
Given.
Nov.
1896
55,297,917:
1897
72,815,681
1898
79,086,054!
1899
73,062,3971
1900
91,073,648:
1901 107,769,0281
1902 106,144,534:
1903 115,874,619
1904 126,357,962
1905 133,104,559;
1906 140,697,123!
Jan. 1 to N ov. 30
1896 564,695,964
1897 633,564,538
1898 735,547,908
1899 681,060,535
1900 877,119,270
1901 994,231,040
190211,058,435,182
19031,087,590,350
1904!l,163,235,784
1905 1,247,193,585
190611,425,356,448
Year
Preceding.
S
61,137, 081
61,978, ,481
76,616 ,617
65,872. 002
87,724 ,616
95,618 ,077
99,638 ,088
111,303 ,371
115,108 ,874
120,692 .062
131,123 621
563,769
597,988
683,252
619,793
798,666
893,007
,002,155
961,094
,158.530
,152,178
.273,179
N et Earnings.
Increase or
Decrease.
S
— 5, ,839,164
+ 10 ,837,200
+ 2 ,470,037
+ 7 ,190,395:
+ 3 ,349.032
+ 12 ,150,951
+ 6 ,506,446
+ 4 ,571,248:
+ 11 ,249,088
12 ,412,497
+ 9 ,573,502
Year
Given.
18,853,228
27,565,524
28,954,644
27,496,343
33,744.165
40,629,133
36,051.175
38,380,632
44,280,359
47.419,761
48,065,287
190
+ 926,774 174
354 + 35.576,184 210
746 + 52,295,162 241
659 +61,266,876 236
253 +78.453,017 296
954 +101223 086;350
439 + 56.279.743 343
602 + 126495 748350
867 + 4,7 04,9 17368
758 + 95.014.827 394
382!+ 152177066463
Year
Increase or
Preceding, i Decrease.
22,275,149
21,737.851:
28.533.158!
24,882,036
33,154.551
35.200,311
36,992,904
38,962,778
37.588,5161
42,232.243:
46,506,160
— 3,421,921
+ 5,8 27,6 73
+421,486
+ 2,6 14,3 07
+ 589.614
+ 5.428,822
— 941,729
— 582,146
+ 6,691,843
+ 5,187,518
+ 1,559,127
431.951 178, 372,072 — 3 940.121
782,490187, 835.816 + 2 2 946.674
191,852 222, 739 236 + 1 8 ,452,616
655.373 209 7 2 3 ,2 4 4 + 2 6 ,932,129
526,263:273, 046,379j+ 2 3 .479,884
833.806 302, 501,850!+ 48 ,331,956
366.806 344 612,669 — 1 .245.863
063,286314, ,107,042 + 3 5 ,956,244
347.207 372 ,977,847! — 4 .630.640
535,775367 ,154,206 + 2 7 ,381,569
,257.058 401 ,669.275!+ 61 587.783
N ote.— In 1896 the number of roads Included tor the m onth o f N ovem ber was 127;
n 1897, 134; In 1898, 130; in 1899. 122; In 1900, 122; in 1901, 109; in 1902, 107;
In 1903, 106; in 1904, 102; in 1905, 96; in 1906. 97. From Jan. 1 to N ov. 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 case 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
Western lines combined shows $1,137,200 increase
in gross with $2,700 decrease in net, the Illinois Cen
tral with $42,275 increase in gross has $271,555 de
crease in net, the Canadian Pacific with $493,040 gain
in gross has $98,188 loss in net, the Southern R y.
with $126,605 increase in gross falls $251,780 behind in
net, and similarly the Atlantic Coast Line, though
having added $143,605 to its gross, has sustained a
reduction of $169,665 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
of $30,000, whether increases or decreases.
P R I N C I P A L C H A N G E S IN
G R O SS E A R N I N G S I N N O V E M B E R .
Trtrrpn
S ou th ern P a c ific _________ $1 ,6 0 6 ,0 1 9 B a n g o r & A r o o s t o o k ______
$98 ,434
P e n n s y lv a n ia (2 roa d s) . . y 1,1 3 7 ,2 0 0 C o lo r a d o & S o u th e r n ______
94,822
A tc h is o n T o p e k a & S F ___
774,167 N o rth e rn C e n tr a l_________
93,300
U n io n P a c i f ic ------------------537.061 W e s te rn M a r y la n d ________
89,803
R o c k Isla n d s y s t e m ----------517 ,755 K an sas C ity S o u th e r n ____
84,831
493 ,040 L o n g Is la n d _______________
C a n ad ian P a c ific __________
79,064
467,082 C h esap eak e & O h io _______
L o u is v ille & N a sh v ille ____
7 7 ,754
M issouri K a n sas & T e x a s .
36 7 .1 3 6 ! C h ica g o G rea t W e s t e r n ___
56,262
B a ltim o re & O h io ________
334,581 A tla n ta B irm & A t la n t ic .
48,730
G ra n d T r u n k (4 r d s ) ______
313 .403 Illin ois C e n tr a l____________
42,275
M issouri P a c sy st (2 r d s ) .
294 ,194 W e s t Je rse y & S e a s h o re . .
41,000
S t L ou is & San F r a n cis c o .
284,634 T o le d o & O h io C e n t r a l . . .
34,008
N o rfo lk & W e s te rn _______
264 ,336 C ine N e w O rl & T e x P a c . .
3 0 ,317E rie ............. ................ ............
225 ,015
W a b a s h ............. .....................
158,120
T o t a l (40 r o a d s )________ $ 9 ,4 8 4 ,2 0 5
A t la n t ic C oast L in e _______
143,605
S ou th ern R a ilw a y _____
126,605
D ecrea ses.
S t L ou is & S o u th w e s te r n .
124,949 L eh igh V a lle y ______________ $13 1,54 7
C en tral o f N ew J e r s e y ____
115,785 M in n S t P & S S M ________
49,783
P h lla B a lto & W a s h . ...........
112,400
D e n v e r & R io G ra n d e ____
110,984
T o t a l (2 r o a d s ) .................. $18 1,33 0
S e a b o a r d A ir L in e ------------105,534
U T h ese figu res c o v e r th e lines d ir e c t ly o p e r a te d b o t h e ast a n d w e st o f
P it t s b u r g h a n d E rie. T h e gross o n E a ste rn lines In creased $ 6 0 5 ,4 0 0 an d
th e gross o n W estern lines In creased $53 1 ,8 0 0 .
P R I N C I P A L C H A N G E S IN N ET E A R N I N G S IN N O V E M B E R .
In crea ses \
D ecreases.
S o u th e r n P a c ific __________$ 1 .2 1 9 ,7 1 4 ! Illinois C e n tra l........... ............ $27 1,55 5
U n ion P a c ific _____________
405 ,6 1 5 S ou th ern R a ilw a y ________
251,780
M issouri K an sas & T e x a s .
295 ,283 ; M inn St P & S S M _______
173,460
B a ltim o re & O h io ________
2 0 3 ,7 1 8 ! A tla n tic C oast L in e _______
169,665
R o c k Isla n d s y s t e m _______
181,621 IW a b a s h ................................
107,652
S t. L ou is & S an F ra n cis c o
131,199 C a n adian P a c ific _________
98,188
A tc h is o n T o p e k a & S F _ .
124 ,906 L eh igh V a lle y --------------------89,221
K ansas C ity S ou th ern
106 ,515 I S e a b o a rd A ir L in e ________
86,561
M issouri P a c sy st (2 r d s ) .
9 8 ,7 9 5 |P h ila d e lp h ia & R e a d i n g ..
£ 8 3 ,3 1 7
E rie ----------------------------------98,571 , C en tral o f G e o r g ia -----------70.090
L ou isv ille & N a s h v ille ___
71,6 2 5 j W e s t J e rs e y & S e a s h o re .
69,300
S U L o u ls & S o u th w e ste r n .
62,716 M o b ile & O h i o . ....................
5 1 ,266
G ra n d T r u n k (4 roads) —
55,964 ! H o ck in g V a lle y ----------------42,391
L on g Island — .......... .........
5 3 ,2 6 6 M in n eapolis & St L o u is ----37,288
W h e e lin g & L a k e E r ie ----5 1 ,115 I5ufl R o c h & P i t t s b u r g h ..
37.023
P h ila B a lto & W a s h ..........
5 0 ,900 G e o rg ia S o u th e rn & F l a . .
31,6 2 6
T o le d o & O h io C e n t r a l . . .
4 6 ,950
------------N orth ern C e n tr a l--------------3 3 ,500 i T o t a l (16 r o a d s )_______ $ 1 ,6 7 0 ,3 8 3
T e x a s C e n tra l--------------------3 1 ,0 3 7 :
30,380 1
W e ste rn M a ry la n d ------------T o t a l (24 r o a d s ) -------------$ 3 ,3 5 3 ,3 9 0 i
x T h ese figures are fo r th e R a ilr o a d C o .; th e C oal & Ir o n C o m p a n y re
p o rts a decrea se o f $ 1 2 5 ,4 9 5 .
• 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
191
THE CHRONICLE.
JAN. 26 1 9 0 7 .J
group that shows large improvement in gross and net
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.
SU M M ARY B Y GRO UPS.
Gross Earnings.
’
1906.
N et Earnings.
1905.
1906.
Inc. or Dec.
1905.
November.
Tk.Lines(8)
An. Coal (5)
E.&Mid(15)
Mid. W . (14)
N or. W . &
N . P . (12)
South W .&
S. P. (17)
South. (26)
$
37.003,925
9.640,250
5,389,315
8.926,722
16,500,155
15.462.403
6.732,501
+ 76.297 1.13
40.236,422
23,000,334
35.912,800
21,632.569
15,433,887 13.195,266
6,315.792
7,012.496
+ 2,238,621 16.96
— 096,704 9.93
Total (9 7)
140,697.123
131,123.621
48,065,287 46.506,160
+ 1,559,127 3.35
Mexican (3)
2,490.054
2,108,470
Jan. 1-Nov. 30.
Tr .Lines(8) 390,495.540
An. Coal (5) 100,161.831
56,665,146
E.&Mid(14)
Mid. W. (12)
88.112,928
Nor. W . &
N. P. (12) 163,550,636
Sou. W . &
S. P . (17) 384,404,938
South. (24) 241.965,429
S
34,835.606
9.628,991
4,842,342
8.808,910
$
$
11,266,481 11,018,580
4,098,375
3,927,639
1,514,036
1.597.350
2.715.340 2,934,906
6.808.798
$
+ 247,901
— 170,736
+ 83.314
— 219.566
— 14,753
1.80
351,224,458 119.089,170 102,343,701 + 16.745.469
98.388.562 38,345.407 41,206,070 — 2,860,663
52,010.336 17.191.143 15,582.404 + 1,608.739
80.169,258 26,144.763 22,048,923 + 4.095,840
16.36
6.94
10.32
18.58
140.446,968
804,848
819,601
%
2.25
4.17
5.50
7.48
66.090,722 55.410,743 + 10,679.979 19.27
338.568,343 130,017,216 102,046,994 + 27,970,222 27.41
212.371,457 66.37S.637 63.030,440 + 3,3 48,1 97 5.31
Total (92) 1.425,356.448 1.273,179,382 463,257,0581401.669,275 + 61,587,783 153 3
Mexican (3)
27.072.480
j d c s iu c s
9,581.213
23.009,464
u n e Ai u a u s
7.673,821
+ 1,907,392 24.85
v v iiic n
x c iu iu o
of both gross and net earnings, there is a considerable
number of companies that make public only the gross
earnings, the list including several prominent sys
tems.
Starting with the total of the gross in the
foregoing, we add on these other roads in the table
which we now present.
R O A D S R E P O R T IN G
N ovem b er.
G R O SS B U T N O T N E T .______________
1906.
R e p o rte d a b o v e (97 r d s ) ___ 1 4 0 ,6 9 7 ,1 2 3 1 3 1 ,123 ,62 1
A la N e w O rl & T e x P a c —
2 75 ,582
268 ,8 4 6
N e w O rl & N o r E a s te r n .
1 33,936
136,067
A la & V ic k s b u r g ________
126,102
148
,193
V ic k s S b r e v e & P a c i f i c . .
1 89,265
202 ,6 6 6
C h ic In d & S o u th e r n _______
4 ,9 7 2 ,5 8 9
5,200,38?.
C h ica g o M ilw & S t P a u l—
5 ,6 3 6 ,9 2 6
5 .9 2 9 .3 0 8
C h ica g o & N o r t h w e s t e r n ..
1 ,2 5 4 ,1 2 0
1 ,2 9 3 ,6 1 0
C h ica g o S t P M inn & O m . .
82,194
6 8,5 3 5
C in cin n a ti N o r t h e r n ----------2 ,0 5 5 ,7 2 5
2,0 5 6 ,8 9 3
C le v e C in e C h ic & St L o u is .
253,781
3 12 ,052
P e o r ia & E a s te r n ________
3 87 ,868
346 ,2 5 5
D e tr o it T o le d o & I r o n t o n ..
4 ,9 9 5 ,0 9 4
G rea t N o rth e r n ____________
4 ,9 0 3 ,8 1 7
2 44 ,989
238 ,484
M o n ta n a C e n tra l________
7 07 ,0 0 0
8 6 2 ,0 0 0
I n te rn a tio n a l & G t N o r t h ’ n
471 ,554
L a k e E rie & W e s t e r n ______
415 ,4 0 2
3 ,4 1 1 ,4 4 2
3 ,4 3 5 ,5 5 6
L a k e S h ore & M ich S o u t h ’ n
15,013
13,769
M a co n & B ir m in g h a m _____
2 ,1 6 7 ,8 5 8
2 ,3 5 2 ,1 3 2
M ich igan C e n tr a l___________
7 ,6 3 3 ,7 8 7
8 ,0 8 2 ,3 4 0
N ew Y o r k C e n tr a l_________
753 ,619
806 ,1 0 7
N e w Y o r k C h ic & S t L o u is .
5 ,8 1 2 ,5 8 8
5,9 4 9 ,7 3 8
N o rth e r n P a c ific ___________
1 ,2 1 3 ,1 6 5
1,2 6 1 ,8 9 7
P itts b u r g h & L a k e E r ie ___
2 14 ,476
233 ,4 2 0
R u t l a n d ____________________
34,835
28,713
Sierra R a ilw a y ______________
1 .5 6 2 .3 0 9
1 ,3 1 9 ,9 7 3
T e x a s & P a c ific ____________
66,3 0 0
62,243
T o r o n t o H a m ilto n & B u ff.
9 ,5 7 3 ,5 0 2
6,736
2,131
22,091
13,401
227 ,793
292 ,382
39,490
13,659
1,168
T o t a l (123 r o a d s ) ________ 1 8 6 ,6 9 6 ,2 7 4 17 5 ,7 2 4 ,9 8 5
N e t Increase ( 6 . 2 4 % ) ---------
58,271
4 1 ,613
9 1 ,277
6 ,5 0 5
5 6 ,1 5 2
' 1,244
137 ,150
3 9 8 ,9 4 8
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 .2 4 % . The present
improvem ent, it is proper to state, follows $15,571,442
gain (10.35% ) in N ovem ber 1905 over N ovem ber 1904,
according to the same method of com putation.
T R E A S U R Y C U R R E N C Y H O L D IN G S — The follow
ing com pilation, based on official G overnm ent statem ents,
indicates the currency holdings o f the Treasury on the first
o f N ovem ber and Decem ber 1906 and January 1907. State
ments for corresponding dates in previous year will be found in
our issue of January 27 1906, page 198.
T R E A S U R Y N E T H O L D IN G S.
N ov. 1 1906. Dec. 1 1906. Jan. 1 1907.
Holdings in Sub-Treasuries—
S
S
S
Net coin and gold bullion..................................302,973,951
317,952.371 313,999,622
8.000,408
9,274,270
Net silver coin and bullion......... ........................ 5,721,951
Net United States Treasury notes................
17.4S2
15,424
15,171
Net legal-tender n o t e s ...................................... 2,164.867
3,420.694
4,772,663
Net national bank n o te s ................................... 8.649.611
9.916,945
11,105,884
Net fractional silver............................... ............ 3,506.651
3,893,072
3,720,430
Minor coin, A c . . . ...............................................
995.456
518,197
948,183
Total cash in Sub-Treasuries........................324.029,969
Less gold reserve fund______________________150,000,000
343,717.111
150,000,000
343,836,223
150,000,00
Cash balance in Sub-Treasuries.................. 174.029,969
Cash In national b a n k s.......................................118,975,346
Cash in Philippine Islands.................................
4.730,063
193,717.111
145,559,439
5,003,377
193,836,223
153,753,158
4.398,584
NetCash in banks, Sub-T reasuries............327,735.378
Deduct current liabilities.o------- ------------------ 104,434,568
344,279,927
112,809.640
356,987,965
117,990,889
Available cash balance....................................223.300,810
231,470.287
238,997,076
a "Chiefly disbursing officers’ balances.
d Includes S833.600 silver bullion and $948,183 minor coin, etc., not included In
statement "S tock o f M oney.”
192
THE CHRONICLE.
B U S IN E S S IN E N G LA N D IN 1906.
(C o m m u n ic a te d b y o u r L o n d o n C o r re s p o n d e n t.)
January 12 1907.
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
b y a revolution in Argentina and b y a general break
down in all the South American countries, as well as
b y severe depression in Spain,. Portugal and Greece,
followed soon after b y the silver crisis in the United
States and b y 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 off
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
was carried too far. There was a setback in the build
ing and other trades, and a 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, E gypt, India and the
Far East.
Our exports, in consequence, have grown at an extraordi
nary rate. For exam ple, the exports of Novem ber 1906
show a gain of over 4 3 % com pared w ith the exports of No
vem ber 1903. It is true, of course, that this very large gain
is due to some extent to a marked rise in prices. Practically
ab ou t half the increase m ay be ascribed to the rise in prices
and half to the expansion in quantity. The largest expansion
was in iron and steel and in m achinery. The im ports have
increased during the year satisfactorily, but to nothing like
the extent in which the exports have increased. In Novem
ber, for exam ple, the gain in the im ports com pared with
Novem ber of three years before was only about 10 % . Apart
from the large investm ents abroad there has been a very
marked increase in the purchases of British goods by other
countries. G erm any, in particular, has im ported unprecedentedly large quantities of British iron, steel and coal. The
United States, also, in the last three or four months of the
year im ported very large quantities of iron and steel. Mainly
this was due of course to the extraordinary prosperity of
Germ an and Am erican trade; but to some extent it was due,
in the case of Germ any, to great floods, which made it difficult
to navigate the canals, and to the inability of the railways to
find sufficient rolling stock to carry the goods. In short, it
was found cheaper and more expeditious to get iron and coal
from England for the northern parts of Germany than to get
either from the German mines. There was a marked in
crease, likewise, in the i’e-exports. A considerable part of
our im ports was, in fact, brought here for the purpose of be
ing sold to other countries.
The Board o f Trade returns fo r Decem ber show that the
value o f the im ports for the twelve months was £607,987,893,
being an increase of £42,967,976 over the preceding year, or
7 .9 % . The value of the exports of British and Irish produce
and manufactures for the year was £375,672,913, the highest
on record, being an increase over the preceding year of £ 4 5 ,856,299, or 1 3 .9 % . The total value of the re-exports was
£85,163,386, being an increase of £7,383,473, or 9 .5 % .
Thus the net im ports am ounted to £523,000,000, and the
excess of im ports over exports to £147,000,000.
The traffic returns of the seventeen principal railways of
the United K ingdom for the year show that the passenger
receipts am ounted to £43,163,000, being an increase of
|V o l . L x x x i v ,
£706,000 over the preceding year, or 1 .6 % . The goods re
ceipts am ounted to £52,409,000, being an increase of £ 1 ,464,000 over the preceding year, or 2 .8 % .
The revenue returns for the year 1906 bear eloquent testi
m ony to the prosperity of the country. The Chancellor of
the Exchequer had estimated a decrease in the receipts for
the year of £1,223,000 because of the remission of taxes.
As a m atter of fa ct, for the nine months of the financial year
which have thus far elapsed, the receipts am ount to £ 9 0 ,834,838, being an increase over the corresponding period of
last year of £1,497,763. This shows an increase over the
estimates of nearly tw o and three-quarter millions sterling,
even assuming that there is no further grow th 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 the year, because the great bulk of the incom e 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 econom ies have been effected. The returns issued on
the last day of Decem ber and covering the preceding nine
months show a very considerable decrease. But it is possible
that much of the decrease represents a mere postponem ent
of payments. Until the 31st of March it will not be possible
to determine what the total savings are, bu t it looks as if
the savings would be at least tw o millions sterling. It seems
to follow , therefore, that the Chancellor of the Exchequer
will have a large surplus to dispose of. In any cage, the fig
ures as they stand are an evidence of the activity o f trade.
The London Clearing House returns show that the grand
total of clearings during the year am ounted to £12,711,334,000, being an augmentation over 1905 of £423,899,000.
The H onorary 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 b y the years 1868 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 less than
the increase of 1905 over 1904. But there is a rise under
every heading except on the Stock Exchange account days.
In other words, owing to the political apprehensions and dear
m oney, the Stock Exchange has been far less active than in
1905. The H on. Secretary points out that during the first
half of 1906 the gain in the clearings was greater than in the
latter half, and that the slight falling off in the latter half has
been contemporaneous with the rise in the value of m oney.
Evidently, therefore, there has been some check to trade as
well as to Stock Exchange business by the scarcity and dear
ness of m oney.
Agriculturally the year was checkered. In the south,
southwest and east of England the latter half of March, the
whole of April and May and the first half of June were ex
ceedingly dry and cold. The weather was propitious enough
for the sowing of spring crops, but it was exceedingly un
favorable to vegetation. Everything, therefore, in the
middle of June was decidedly backward. The hay crop was
particularly so. The latter half of June, July, August and
the first half of September were exceptionally hot and dry.
The drought that ensued made the hay crop a very short o n e,
and seriously injured the root crops, feeding grass and green
crops in general. The root crops were so bad, indeed, that
cattle farmers grew alarmed lest they should not have feed
enough for the winter. They consequently sold their cattle
at what prices they would fetch, which caused a serious fall
in prices. Towards the end of September, however, rain
began to fall. October was bright and warm by day and at
night wet. Vegetation made great progress, and as N ovem
ber likewise was w et, there was a com plete change in the
aspect of the later crops. In contrast with the weather over
the greater part of England, in the north and northwest of
England and all over Scotland and I r e l a n d , the summer was
I both cold and w et. Grass, green crops, root crops, and so on,
! were all abundant, especially the potato crop was excellent
I except in the western parts of Ireland, where it was affected
i by disease. Thus towards the end of the year cattle farming
i changed com pletely, there being then every evidence that
! there would be abundance of feed. Nevertheless, prices
|have not recovered. Regarding the cereal crops, the de|crease in the acreage, generally speaking, continues. W heat
: shows a decrease of 41,279 acres, the total acreage now bu t
i slightly exceeding a million and three-quarter acres.
The
acreage under barley, on the other hand, increased to just
; a little over a million and three-quarters acres, so that the
I acreage under the latter crop is now practically equal to that
| under wheat. There is little change in the acreage under
I oats, which again considerably exceeds three million acres.
Jan. 26 1‘JO7.1
THE CHRONICLE.
In the minor crops— rye, peas and beans— there is a very
great increase in the cultivation of beans, and an almost
corresponding decrease in the cultivation of peas. The total
yield of wheat during the year was 59,091,772 bushels, being
an average of 33.66 per acre. The yield of barley was 60,553,977 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 4s. per quarter. The price in consequence is now 2s. per
quarter lower than this time last year. Hom e-grown wheat
is, of course, so small a proportion of the total consum ption
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
o f the year just closed was entirely due to the extreme pros
perity of trade all over the w orld, and more particularly to
the extreme prosperity of the United States and Germany.
The manufacturing industries of this country, as already
observed, had becom e very active in 1905, and continued to
increase in activity during the whole of the past year. Y et
it was not until the second half that the coal trade seemed
to 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
1905-06 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. 4^£d. on
the last day of 1905; on the 1st da}" of 1907 the quotation
was £1 Is. Steam coal at Cardiff was quoted on the last
day of 1905 12s. 6d.; on the first day of 1907 it was quoted
17s. Steam coal at Newcastle in the interval has risen from
9s. 6d. to 12s. 6d.; steam coal at Glasgow from 8s. 9. to 10s.
3d.; best gas coal at Durham from 9s. 6d. to 11s. 6d.; and
best foundry coke at Newcastle from 16s. 9d. to £1 4s.
Colliery shares have im proved in consequence of the im proved
outlook of the coal trade. There was no very great activity
in these shares, 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
am ounted 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 2 0 .9 % .
The iron and steel trades fared better even than the coal
trade. The main feature of the trade was the enormous
foreign dem and, more particularly the demand for the United
States and Germany. But the year was also remarkable for
the largest im portation 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 o f 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 so 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 it 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. It is notew orthy
that the im ports from Spain have increased, whereas until
the past year it was feared that Spanish iron mines were be
com ing exhausted. The manufacture of pig iron was, there
fore, on a very large scale. It is estimated at about ten
million tons, and the exports were also exceptionally large.
The exports of iron and steel, raw and manufactured,
am ounted to 4,688,846 tons against 3,721,382 tons in the
previous year, an increase of 967,464 tons, or 2 6 .1 % . The
total value of the exports was £39,880,563 against £31,826,438 in the previous year, being an increase of £8,054,125,
or 25 .3% .
The cotton trade in all its branches was prosperous through
out the year. It w as, perhaps, more prosperous in the second
half than in the first, but it was very good all through the
year. The dem and, both home and foreign, for the manu
factured article was exceptionally large, and production,
consequently, was on an augmented scale. In the spinning
branch the demand was greater than the supply, partly
because o f the great outturn of the weaving branch, and
partly because new spindles were not brought into operation
as quickly as had been expected. Twelve months ago it was
known that a very considerable number of new spinning
mills were under construction and projected. It was ex
pected that a sufficient num ber o f them would be at work
during the past year to fully meet the demand for the w eav
ing branch; bu t that has not proved to be the case. A c
cording to one authority on the su bject, there are just com
pleted, under construction or projected 195 new mills, with
about eight and a half millions of spindles. ~~On the other
193
hand, the num ber^of new loom s is very m oderate. The
same 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 lim it 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 m any
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 dem and, 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.
A ccording to a calculation lately made, 70 or 80 spinning
com panies, 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 are published. There is n ot, therefore, the same
certainty with regard to their profits; but it is believed that
the profits were at least as large and probably som ewhat
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 Am eri
can was 6.10d. on January 2; on August 24 it touched
the lowest point
at
5.59d., and on O ctober 15 the
highest at 6.59d. The extreme difference between the high
est and the lowest is 1.3d., whereas in 1905 the price ranged
from about 3 % d . to 6 ^ d . The relations between em ployers
and em ployed 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 w ool from Australia exceeded those of
1905 by about 270,000 bales. Y et the price of the raw
material rose steadily during the spring colonial auctions in
London. In the summer the lamentable disaster at San
Francisco, a great strike in the woolen district in France,
and fears regarding dear m oney 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 w ool 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 sm all. 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 b y 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 no doubt. The total receipts of colonial w ool in London
for the six colonial wool auctions am ounted to 1,313,814
bales and the total catalogued for the sales was 777,443 bales.
The official figures respecting shipbuilding are not y et
published, but there appears to be no doubt that the 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
notew orthy that the northeastern district of England is
now com peting on almost equal terms with the Clyde for the
very best kind of shipping. A little while ago the Clyde
stood altogether the first shipbuilding district in the w orld.
Now the northeast of England is running it neck and neck.
Messrs. D oxford of Sunderland turned out last year 20
vessels of an aggregate tonnage of 86,632 tons; Harland &
W olff of Belfast turned out 9 vessels of 85,287 tons; Swan,
Hunter & W igham, Richardson, 21 vessels of 74,424 tons;
Russell & Co., 18 vessels of 71,540 tons, and W illiam Gray
<k Co. 19 vessels of 63,226 tons. The Clyde turned out a
much larger quantity of w ork than in any previous year,
yet has not constructed any large vessel to com pare with
those built by the preceding builders. The Cunard Com
p a n y ’s tw o turbine steamers were both com pleted 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 W hite Star steamer Adriatic, of about 25,000 ton s, was
also launched last year, and the warship D readnought, of
18,000 tons displacement; the Lord Nelson, of 16,500 tons
displacem ent, and the Agam em non, 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
194
THE CHRONICLE.
year just closed. Then the orders were abundant; now they
are few and far between, and the ou tlook is not encouraging
unless freights rise considerably or the cost of new ships falls
very m aterially.
The stock markets were kept down all through the year
b y disturbing politics and dear m oney. In December 1905
the Unionist Governm ent resigned and a Liberal Govern
ment came into office. The follow ing m onth the General
Elections were held and gave an unprecedentedly large ma
jo r ity to the new Governm ent. The city is intensely Con
servative, and it therefore looked with m uch disfavor upon
the new G overnm ent. 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.
Therefore it was feared that the new Governm ent would
proceed to action which would seriously injure the goldmining industry and plunge South Africa once more into
distress. There is an immense am ount of British capital
invested in South Africa and the policy of the new Govern
m ent 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 o f 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
ex p ect that South Africa will very soon enter upon a period
o f great prosperity.
The unfavorable effect of the change of Governm ent was
heightened by apprehensions respecting the relations between
Germany and France. In the preceding year the tw o coun
tries had agreed to the Algeciras Conference, and the British
Governm ent, though it had at first refused to attend, with
drew its objection at the request of France. The Conference
m et in January, and for a long time serious anxiety was
entertained. It very soon became plain that the great ma
jority of the governm ents 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. H appily, an
arrangement was arrived at satisfactory to both parties; and
since then a more hopeful feeling .has prevailed. Still, the
feeling was not allowed to translate itself into acts because
o f 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
cam e to an end, and although the Duma was dissolved,
there was no repetition either o f the strikes or of the mutinies.
Since then, the A rm y has continued to obey orders and quiet
has been maintained. Still, the public looks on with a
certain distrust because it is generally recognized that the
revolution is only in its early stages and that at any m om ent
som ething quite unexpected m ay happen.
Anxiety was also occasioned during the year b y the an
tagonism of the nationalities in Austria-Hungary and the
fear that Austria and Hungary themselves might come into
collision. At one tim e, indeed, it looked as if the Magyar
Party was prepared to face a quarrel both with the Emperor
and with the Austrian Government. H appily, an arrange
ment between the Magyar Party and the Em peror 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 H ungary, while in Austria itself-the passing of
the Universal Suffrage Bill gives hope that the quarrels of
the nationalities are about to com e to an end and that a
Federal system will be introduced.
Other unfavorable influences were the separation of the
Church and State in France, the condition of the Balkan
States, the dispute between Great Britain and Turkey re
specting the Egyptian boundary and the unrest of the Moe
hammedans both in Africa and Asia. At the close of thyear, however, the apprehensions excited had greatly
calm ed dow n. U nfortunately, exceedingly dear m oney
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 o f the year. British Governm ent securities stand
at a quotation which would give a full 3 % to the investor.
British municipal and colonial governm ent securities give
about 3 ^ % and foreign m unicipal securities from 4 to 5 % .
Foreign governm ent 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 b y the end
o f the year had been recovered, bu t the loan was still at a
discount of about 8.
The dearness and scarcity of m oney referred to were due
to the wonderful prosperity over all the w orld, the conse
quent strong demand of a great many countries upon
London for gold, and the earthquakes at San Francisco and
in Chili. The Bank rate at the opening M the year stood
at 4 % and because o f the gold inquiry fur South Am erica,
[V ol.
l x x x iy .
\ France and the ^Unitedv States, it remained at that figure
until the beginning of April. It was then put dow n to 3 )1 % .
But in M ay, owing to the American dem and, it was raised again
to 4 % ; reduced in June to 3J^% ; raised once more in Sept.
to 4 % ; early in O ctober to 5 % , and on the 19th of October
to 6 % , at which it continued to stand till the end of the
year. The chief cause of the advance to 6 % was undoubt
edly the very large demands of New Y ork upon L on don.
Contributory causes were the strong demands for E g y p t,
and the fear of a large drain for Russia, Germ any, 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. M oreover, the withdrawals for
E gyp t would probably have been larger than they were if
the rate had not been raised. During the last tw o months
o f the year the fear continued that it would be necessary to
put up the rate to 7 % , for it was known that a considerable
am ount of gold was required b y Brazil to carry out the
conversion law in addition to what might be required by
Argentina, E gypt and India. If there is not a revival of
the American dem and, 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
few weeks.
The new issues during the year have not been h eavy.
There has been a very large investment abroad, but it has
only to an inconsiderable extent taken the form of public
issues. The most notew orthy public offering was the bring
ing out of the international Russian loan here in April. For
very m any years before it would have been impossible to
place a Russian loan here, for the political antagonism of
the tw o countries was too pronounced to allow of success.
Since the war with Japan, however, and more particularly
since the establishment of the entente cordialew ith 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 tim e, 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 unim portant, being
chiefly to the British Governm ent, the colonial governm ents
and the Indian G overnm ent, and to home and foreign
municipal governm ents.
The im ports of gold am ounted to £ 4 6 ,0 4 2 ,5 9 0 , 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 A frica, £6,901,086 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,exceedin g 46 m illions
sterling, £36,373,652 came from British territory. The
exports of gold am ounted to £42,617,267, from which it
would appear that there was retained £3,425,323 out of
the total im ported. It seems plain, however, that the de
mands for the arts was greater than the proportion of the
im ports retained at home. Of the total exports of the
m etal, £14,188,394 went to the United States; £6,285,046
to E gypt; £4,621,451 to France; £4,285,875 to Argentina
and Uruguay; £2,802,490 to Brazil; £1,694,905 to Russia;
£1,411,455 to countries unspecified; and £4,681,186 to
India. The other exports were in small am ounts, 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 33 K d .
per ounce, which was 2 13-16d. over the highest price of the
year before. The lowest price touched in 1906 was 29 d.,
'which was 3 9-16d. above the lowest touched in the preceding
year. The principal demand was for India. The crops in
India were all exceedingly good and trade was very active.
The G overnm ent, m oreover, 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 b y as much as £7,467,000, the value being £15,064,000
against £7,597,000. M oreover, the United States Govern
m ent, having coined all the silver purchased under the Sher
man A ct, began to buy in the open m arket. This added
very m aterially to the influence of the strong Indian dem and.
The French G overnm ent, likewise, was a purchaser of silver,
and th ou gh , owing to the return of pea ce, neither Russia nor
Japan bought on the scale that they did during the war,
y e t there was purchasing by both governments. The price
of silver at the beginning of the year was 30 l-1 6d. 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 m ove
ment set in, and with slight variations the price gradually
reached 3 3 ^ d . in the middle o f November. After that
there was another setback, owing mainly to very dear m oney
in India. The Indian Government, however, again began
to purchase silver, and the priee once more recovered, closing
a t '32 5-16d. From the B oa rd o f Trade returns it appears
that the total im ports of silver during the year am ounted to
£17,288,063, against £12,992,014 in the preceding year,
being an increase o f £4,296,049, or 3 3 .3 % . The total ex
ports amounted to £18,865,285, from w hich it is evident
that we exported during the year £1,577,222 m ore than we
THE CHRONICLE.
P R IC E O F S IL V E R F O R T H R E E Y E A R S .
1906.
Sil
ver.
Low.
High.
Jan .
F eb.
M ch.
Apr
M ay.
June
July.
A ug.
Sept.
O ct.
N ov .
D ec.
1905.
| Aver.
d.
d.
d.
29 11-1630M
30M
30 13-16
30 13-16 30%
‘30 7-16
30 7-16 29
30 9-16 295-8
30 9-16
30 9-16 31 %
3m
29 9-16 31%
31X
30 7-16 29 13-16 30 7-16
30 15-16
30 15-16 29%
30 15-1G 31M
315*
32 9-16 31 11-16132 9-16
32
33%
33X
31 9-16 132%
32%
Year 3 3 X
|29
1904.
H igh. | Low.
I30JS
Aver.
High. 1 Low. | Aver.
d.
d.
d.
28%
27 9-16 27 15-12
28 5-16 27%
28 1-16
27 13-1627 11-16 26 a
26%
25 7-16 26%
26 11-16
27 5-16 26%
27%
26 7-16 26 15-16
27 3-16
27 5-16 26%
27 13-16
28%
27%
28
28 7-16
28%
28 15-16 28 5-16 28 %
30 5-16 ,28 15-16 29 %
29 15-16
30 5-16 29%
d.
Id .
d.
27 5-16 25%
26 7-16
27%
25%
26 %
26 11-1625%
26 3-16
25 X
24 7-16 24 15-16
25 15-16 25%
25 9-16
26%
25 5-16 25%
27
;26%
26%
27
26 3-16 26 9-16
26%
26
26 5-16
26 15-16 26%
26^
27%
26%
|26 15-16
28 9-16 27%
.27 15-16
30 5-16 25 7-16 27 13-16 28 9-16 0 4 7-16 26%
P a ris—
B a n k ra te
O p e n m a r k e t___
B erlin —
B a n k r a t e . . ___
O p en m a r k e t___
H am bu rg—
B a n k r a t e _______
O p en m a r k e t ___
F r a n k fo r t—
B ank r a t e ..
O p en m a r k e t ___
A m s te r d a m —
____
B a n k ra te
O p en m a r k e t ___
B russels—
B a n k r a t e _____
O p en m a r k e t___
V ie n n a —
B a n k rate_
O p en m a r k e t___
S t. P e te rs b u rg —
Bank r a t e ..
O pen m a r k e t . . .
M a d rid —
B a n k r a t e ___
O pen m a r k e t___
C openhagen—
B a n k r a t e _______
O p en m a r k e t___
N .— N o m in a l,
e 4 7-1 6 .
3
3
3
3
3 % 2 9-16 2 % 3
3
3
3
3
3
3
2 % 234 2 % 2 % 2 % 2 %
D ec. 31.
D ec. 1.
N ov. 1.
Sept. 1.
Oct. 1.
1.
July
1
Au g. 1.
•
June 1.
March
K
a
April 1.
1906.
R ates o f
Interest at—
Feb. 1.
1.
The follow ing are the bank and open market rates of
interest at a num ber of the principal Continental cities on
the first day of each m onth during 1906 and on the closing
day of the year:
3
3
2% 3
5
6
4% 3 %
5
g
5
5
5
4% 4H 4% 4% 5
3 % 4% 3 % 3% 3 % 3% 3 % 4 % 5 H 5
6
5
4% 3 %
5
5
5
4 % 4 X 4M 4 % 5
6
6
7
3 % 4 % Ski 3 % 3 * 3 % 3 % 4 % 5 % 5 % 5 M
5
c
4% 3 %
°d
3
3
6
2%
3
3
5
4 % 4M 4 % 4 % 4 % 4 % K
4% 4 % 4 % 4% 4% 5
2 % 2 % 4% 3% 4
5
h
5
g
4% 4% 4% 4% 5
3% 3H k 3% d 4% X
7
5%
5
X
7
5%
4
3%
4
4
4.
3% 3% 3H 3% 3% 4% 4% 4
3% 3% 3% 3% 3% 3% 3 % 3 % 4 % 4 % 3 %
4H 4%
a 4
4
4
4
4% 4% 4% 4% 4
4% 4% 4 %
h 4 % h 3% 3% 3% 3 % 4 H e
e 4H
7
N.
g
N.
4
4
8
N.
8
N.
N.
N.
N.
N.
N.
N.
N.
N.
N.
4% 4%
4
4
4% 4% 4 % 4H 4% 4M 4% 4% 4 X 4% 4H
4
4
4
4
4
4
4
4
4
4 % 4H
5
5
4H 4 %
5
5
5
5
5
5
5
5
6
4 % 4 % 4 % 4 % 4 % 4 % 4 % 4 % j6
6
6
6
6
In the subjoined statem ent we show all the changes in the
Bank of England rate in each year from 1899 to 1906 in
clusive:
OF
Rate N u m ber
o f days.
%
Y ea r.
Jan
1
Jan 19
2
F eb
J u ly 13
3
O ct
5
O ct
N o v 30
1899
to
to
to
to
to
to
to
ENGLAND
Jan 19 4
F eb
2 3H
J u ly 13 3
3 3H
O ct
O ct
5 4H
N o v 30 5
D e c 31 6
Y e a r ’ s a v e ra g e . .
1900
1 t o Jan
11 to Jan
18 to Jan
25 to M ay
24 to Ju n e
14 to J u ly
19 to
D ec
Jan
Jan
Jan
Jan
M ay
Ju n e
J u ly
Y e a r s a v era g e .
1901
1 t o Jan
J an
F eb
3 to
Jan
F eb
F eb
7 to
F eb 21 to Ju n e
Ju n e 6 t o Ju n e
Ju n e 13 t o O ct
D ec
O ct 31 t o
11
18
25
24
14
19
31
3
7
21
6
13
31
31
Y e a r 's a v e r a g e . .
1902
1 t o Jan 23
0
23 t o
F eb
6 to O ct
2
2 to
D e c 31
Jan
Jan
F eb
O ct
Y e a r ’s a v e r a g e . .
19
14
161
82
2
56
31
d ays
d ays
days
days
d ay s
d ay s
days
RATE
OF
IN T E R E S T .
Rate N um ber
o f days.
%
Y ea r.
1903.
Jan
1 to
M ay 21 t o
Jun e 18 t o
3 to
Sept
M a y 21 4
Ju n e 18 3 X
Sept
3 3
D e c 31 4
Y e a r ’s a v e r a g e ..
3.75 365 d a y s
1904.
1 t o A p ril
Jan
6
11 day s A p ril 14 to A p ril
5
7 day s A p ril 21 to
D ec
4X
7 day s
4
119 day s
Y e a r ’s a v e ra g e . .
3X
21 day s
3
35 d a y s
4
165 d a y s
1905.
------Jan
1 to M ch
3.96 365 d a y s Mch
9 to Sept
7 to S ept
S ep t
4
2 d ay s S ept 28 t o
D ec
5
35 d ay s
4H
14 d a y s
Y e a r ’s a v e ra g e .
4
105 d ay s
7 d ay s
3X
3
140 d ay s
4
62 d a y s
1906.
------Jan
1 t o A p ril
3.72 365 d a y s A p ril 6 t o M a y
M ay
4 t o Ju n e
23 d a y s .Tune 22 t o S e p t
4
14 d ay s S ept 14 t o O ct
.3 X
238 d a y s O ct 12 to O ct
3
90 d a y s O ct 20 t o
4
D ec
____
3.33 365 d a y s
Y e a r ’s a v e r a g e
140
28
77
120
d ay s
d ays
d ays
days
3.75 365 d ays
14 4
21 3 H
31 3
105 d a y s
7 d ays
254 day s
3.29 366 day s
8
6
27
31
5
3
21
13
11
19
31
3
IX
3
4
67
182
21
95
3
365 d ay s
4
3X
4
3X
4
5
6
95
28
49
84
28
8
73
days
day s
d ay s
days
days
days
days
d ay s
days
days
days
J a n u a ry
3 ____
1 0 ____
"
1 7 ____
2 4 ____
3 1 ____
F e b ru a r y
7 ____
1 4 ____
**
2 1 ____
“
2 8 ____
M arch
7 ____
“
1 4 ____
“
2 1 ____
2 8 ____
A prU
4 ____
1 1 ____
•*
1 8 ____
*4
2 5 ____
M ay
2 ____
9 ____
1 6 ____
“
2 3 ____
•*
3 0 ____
Ju n e
6 ____
“
1 3 ____
**
2 0 ____
2 7 ____
J u ly
4 ____
1 1 ____
“
18 ____
2 5 ____
A u gu st
1____
8 ____
1 5 ____
44
2 2 ____
44
2 9 ____
S e p te m b e r 5 ____
44
1 2 ____
**
1 9 ____
44
2 6 ____
O c to b e r
3 ____
*•
1 0 ____
*•
1 7 ____
“
2 4 ____
“
3 1 ____
N o v e m b e r 7 ____
1 4 ____
“
2 1 ____
“
2 8 ____
D e ce m b e r 5 ____
“
1 2 ____
“
1 9 ____
2 4 ____
£
50,1
4 8 ,0
41,1
4 7 ,3
45,3
4 1 ,8
39,6
4 2 ,5
4 5 ,5
41,8
4 1 ,0
42 ,7
43 ,7
42 ,8
44 ,7
43,5
48,5
48,1
4 4 ,8
42,1
42,1
42,7
4 4 ,6
4 2 ,7
4 2 ,7
44,6
4 8 ,4
45 ,9
43,5
43,6
42,4
42,2
42,1
4 2 ,2
4 3 ,8
45,7
4 2 ,5
4 0 ,9
43,2
43,2
4 5 ,4
42 ,4
40 ,8
40,1
40,9
40 ,4
42,3
4 4 ,2
45 ,0
4 1 ,8
44,1
43 ,4
£
17,4
18,3
12,8
13,4
13,9
12,6
12,7
15,2
16,4
16,4
16,1
16,1
16,1
16,1
16,1
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
17,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
16,0
15,5
15,4
15,4
15,4
15,4
15,4
15,4
£
4 2 ,4
37,0
33,2
37,2
34,9
33,3
34,3
35,8
3 8 ,0
33,3
33,7
35,3
3 6 ,8
33,6
32,3
31,9
37,1
36,4
3 4 ,0
32,0
31,2
31,5
3 2 ,0
29,1
29,5
31,4
3 6 ,5
29,4
28,8
29,8
29,4
28,1
28,0
28,7
28,7
29,5
29,3
29,6
33,6
35,0
35,1
3 3 ,0
33,4
33,4
32,6
32,1
34,0
31,4
30,6
28,1
33,9
34,1
Market R ate
3 M o n th s’
Bank B ills .
Bank R ate.
Reserve o f
j Notes and C oi
£
9 ,5
8,1
7,7
7,8
8,0
9,6
13,7
16,8
18,1
17,4
19,1
19,4
19,3
15,6
10,1
9,9
9,5
8,3
8,2
9 ,4
10,3
10,0
8,6
9,1
11,5
11,4
12,1
7,2
9 ,0
9,7
9,5
8,5
9,5
11,1
10,6
8,9
9,2
11,2
11,3
9.7
6,2
7,6
8,9
9,6
8,8
9,3
10,6
8,3
6,1
6,6
7 ,0
6,9
Other.
£
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
37,2
35,0
33,8
33,1
32,5
31,2
31,6
33,4
33,7
33,6
34,8
37,2
37,6
36,8
37,4
37,3
37,2
3 6 ,8
36,3
37,0
37,8
38,5
38,1
35,1
34,7
3 4 ,0
31,6
29,1
29,2
28,4
28,5
29,2
29,8
31,1
33,3
32,9
32,8
30,0
29,1
G overnm ent
£
29,3
29,4
28 ,4
28,3
28,5
28,2
28,1
27,9
28,3
28,3
27,9
28,1
28,5
29,2
29,3
28,9
28,7
29,1
28,8
28,7
28,6
28,9
29,0
28,6
28,9
29,4
30,3
30,1
29,9
29,9
30,6
30,0
29,6
29,3
29,2
29,1
28,7
28,4
29,1
29,7
29,3
28,8
28,7
28,8
28,6
28,2
28,2
28,1
2 8 ,4
28,5
28,7
28,8
5
ib t c a m u s .
Other.
o
£
!
1906.
%
%
£
17,8
Aa 3 23-32
18,8
3%
3 1 5 -lft
2 1 ,0
22,6
3h
3H
22,7
23,8 ____ 3 %
24,5
3%
3H
26,6
3%
27,4
3 7-16
27,8
2 8 ,6
3%
2 9 ,0
3X
28 ,4
3M
26 ,4 3~Xb 3
3 1-16
24,2
23,4
3X
22,8
3X
21,9
Ac 3 X
3Vs
20,9
21,4
3%
2 1 ,8
3X
23,2
3X
3 7-16
23,0
3 7-16
24,6
26,7 3 H d 3 3-16
26,6
3M
3%
25,0
25,7
3X
3X
25,9
25,7
3H
24,6 ____ 3 X
■
24,8 ____ 3
25,9 ____ 3 H
26,9
3H
■
27,8 ____ 3 %
27,4
3%
24,8
Ae 4
24,8
4X
4 5-32
23,4
20,4
4X
18,3 ~ 5 / “ 4 %
18,9
•'
6*7 4 %
18,2 ____ 6
18,1
5%
I*
19,1
6
T~'
20,0
21,4 ____ 5 %
23,6
5%
22,9 ____ 5 X ^
5 % " r-'
22,7
19,7 ____ 5 15-16
18,7 ------- 5 15-16
(a) D a te w h e n this ra te w as m a d e w as S e p t. 28 1905.
(b) A p r il 5 1906;
(c) M a y 3; (d) Ju n e 21; (e) S e p t. 13; (f) O c t . 11; (g) O c t . 19.
'• The situation of the Bank of France as to its stock of gold
and silver, according to the last returns of each month'|of
1904, 1905 and 1906, was as follow s, stated in pounds
sterling:
G OLD AN D S IL V E R IN B A N K O F FR A N C E — (00,000s omitted.)
1906.
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.
N ov.
D ec.
25
22
29
25
31
28
26
30
27
25
29
27
Gold. Silv’r Total
£
114.2
114,4
116,9
119,8
117,6
117,9
116,9
116,7
114,8
112,8
110,3
108,2
£
42.3
42,4
42 0
42,2
42,5
42,7
42,5
42,1
41,9
41,3
40,4
40,0
£
156,5
156,8
158,0
162,0
160,1
160,6
159,4
158,8
156,7
154,1
150,7
148,2
1905.
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
26
23
30
27
30
29
27
31
28
26
30
28
Gold. Silv’r Total 1 1904.
i
£
£
£
107.7 44,0 151.7 Jan. 28
112,8 44,1 156,9 Feb. 25
110,6 44,0 154,6 jMarch 31
111,7 43,9 155,6 (April 28
114,6 44,3 158,9 May 26
115,3 44,4 159,7 June 30
117,3 44,4 161,7 July 28
118,8 44.3 163,1 Aug. 25
118,5 43,9 161,5 Sept. 29
116,6 43,8 160,4 |Oct. 27
115,7 43.7 159,4 :NOV. 24
115,1 43,01158,1 Dec. 29
Gold. Silv’r Total
£
93,8
93,8
94,5
97,2
109,4
111,0
108.7
107,6
105,7
104.3
106,1
106,3
£
44,1
44,3
44,6
44,7
45,0
45,3
45,1
44,9
44,4
44,0
44,2
44,1
« l£
.137.9
138.1
139,1
141,9
154,4
156,3
153,8
152,5
150.1
148,3
150,3
150.4
The quantities and values of textile exports from Great
Britain for the last three years are given in the follow ing table:
E X P O R T S O F T E X T I L E F A B R IC S .
Y ear's E x p o rts .
1906.
Q uantities.
C o tto n y a r n _________________ lb s .
2 0 7 .3 7 3 .1 0 0
P ie ce p o o d s ........................... y d s . 6 ,2 6 1 ,2 9 5 ,0 0 0
5 3 .1 0 6 .6 0 0
J u te y a r n ____________________ lbs.
1 7 2 .9 3 2 .1 0 0
P ie ce g o o d s _______ ______ .y d s .
L in e n y a r n s -------------------------. lb s .
1 4 ,9 7 5 ,5 0 0
1 9 0 ,9 6 6 ,8 0 0
P iece g o o d s _______________ y d s .
5 5 ,3 4 4 ,9 0 0
W o o le n y a r n ________________ lb s.
7 9 .9 8 0 .6 0 0
W o o le n tissu e s______________y d s .
9 9 ,2 5 2 ,2 0 0
W o r s te d tis s u e s ____________ y d s .
£
V a lu es.
1 1 ,8 3 5 ,9 6 7
C o tto n y a r n ________________ ..____
7 5 ,3 9 4 ,2 3 7
P ie ce g o o d s ............... .....................
856,081
J u te y a r n ________________________
2 ,4 6 3 ,4 7 3
P iece g o o d s ____________________
L in e n y a r n _______________________
1,008,831
5 ,3 2 6 ,7 4 4
P ie ce g o o d s ____________________
5 ,3 4 0 ,0 6 5
W o o le n y a r n _____________________
9 .7 3 6 ,3 7 4
W o o le n tissu es___________________
6 ,8 2 7 ,8 0 0
W o r s te d tissu e s---------------------------
1905.
2 0 5 ,1 0 0
,1 96,783
46,201
170 ,383
14,694,
183 ,4 4 5
49 ,599,
72,2 8 8
1 06 ,523 ,
£
10,318,
70 ,821,
600
1,978
927
4,841
4,243
9,1 6 2 ,
6,6 6 3 ,
1904.
1 6 3 ,9 0 1 ,4 0 0
,5 9 1 ,8 2 2 ,0 0 0
4 5 .9 4 8 .3 0 0
1 9 7 ,0 3 1 ,5 0 0
1 4 ,7 5 0 ,5 0 0
1 6 1 ,7 6 3 ,2 0 0
5 4 .3 7 8 .3 0 0
6 7 ,1 2 1 ,1 0 0
1 0 3 ,9 3 1 ,0 0 0
£
8 ,9 5 5 ,0 9 8
6 4 ,0 7 8 ,2 7 6
4 8 6 ,0 9 3
1 ,9 5 3 ,0 0 9
9 0 2 ,6 1 8
4 ,3 1 8 ,2 1 0
4 ,2 0 9 ,5 2 3
7 ,4 9 1 ,4 3 1
6,5 3 5 ,2 0 1
The com plete trade figures of im ports and exports into
and from Great Britain for three years are as follow s:
EXPO RTS AND
IM P O R T S .
1906.
E x p o rts.
- - 4.27 365 d a y s
The appended table, made up from the official statements
o f the Bank of England, shows the position of the Bank as
regards bu llion, reserve, & c., each week o f the year:
UepOM .s.
|
7 % 7 X 6% 6 X 6 % 7 X 7 X 7 % 7M
a 4 7-1 6 ; b 2 11-16; d 3 9-1 6 ; h 4 1-16; k 3 11-6; x 5 3-16
BANK
B A N K O F E N G L A N D IN li>00.— (OU.OOOs om itted.)
P u b lic.
im ported. O f the tota l exports British India took £15,063,"
927, against only £7,596,829 in the previous year. The im
ports o f silver into India in the past year, in fa ct, are the
largest ever recorded— are about tw ice the average during
the 33 years im m ediately preceding the closing of the
Indian mints.
In the table below we show the price o f silver in London
b y months for 1904, 1905 and 1906:
195
Bullion in
both
D ep artm ents.
J a n . 26 1907.)
Im p orts.
1905.
1904.
£
£
£
3 7 5 ,6 7 2 ,9 1 3 3 2 9 ,8 1 6 ,6 1 4 3 0 0 ,7 1 1 ,0 4 0
8 5 ,1 6 3 ,3 8 6 7 7 ,7 7 9 ,9 1 3 7 0 ,3 0 4 ,2 8 1
4 6 0 ,8 3 6 ,2 9 9 4 0 7 ,5 9 6 ,5 2 7 3 7 1 ,0 1 5 ,3 2 1
6 0 7 ,9 8 7 ,8 9 3 5 6 5 ,0 1 9 ,9 1 7 5 5 1 ,0 3 8 ,6 2 8
14 7 ,1 5 1 ,5 9 4 1 5 7 ,4 2 3 ,3 9 0 1 8 0 ,0 2 3 ,3 0 7
THE CHRONICLE.
196
The exports of iron and steel from Great Britain have been
as below each year since 1876, inclusive:
E X P O R T S O F IR O N A N D S T E E L F R O M G R E A T B R IT A IN .
•
1 9 0 6 ........ .............. _ . l
1 9 0 5 ............... ............
1 9 0 4 _______________ |
1 9 0 3 _______________ |
1 9 0 2 _______________ i
1 9 0 1 _______________ [
1 9 0 0 _______________ i
1 8 9 9 _______________
1 8 9 8 . ......................... i
1 8 9 7 . ............. ............
1 8 9 6 _______________
1 8 9 5 _ .................... ..
1 8 9 4 _______ ______ J
1 8 9 3 ...........................
1 8 9 2 .. .
I
1 8 9 1 _______________ I
1 8 9 0 .......................... .
1 8 8 9 _______________
1 8 8 8 _______________
1 8 8 7 .. .
1 8 8 6 _______________
1 8 8 5 _______________
1 8 8 4 ........ ...................
1 8 8 3 ........ ...................
1 8 8 2 ........ „ ..............
1 8 8 1 _______________
1 8 8 0 .. .
1 8 7 9 _______________
1 8 7 8 . _____________
1 8 7 7 . . . ....................
1 8 7 6 ........ ...................
P ig Iro n .
R a ils.
T on s.
1,6 6 4 ,4 4 2
982 ,876
8 10 ,934
1 ,0 6 5 ,3 8 0
1 ,1 0 2 ,5 6 6
8 39 ,182
1,4 2 7 ,5 2 5
1 .380.342
1,0 4 2 ,8 5 3
1,2 0 1 ,1 0 4
1,0 6 0 ,1 6 5
8 66 ,5 6 8
8 30 ,985
8 40 ,2 9 4
7 67 ,053
8 40 ,0 5 5
1 ,1 4 5 ,2 6 8
1,190,371
1 ,0 3 6 ,3 1 9
1 ,1 5 8 ,1 7 4
1,0 4 4 ,2 5 7
960,931
1 ,269,576
1,5 6 4 ,0 4 8
1 ,7 5 8 ,0 7 2
1,4 8 0 ,1 9 6
1 .632.343
1 ,2 2 3 ,4 3 6
924 ,646
881 ,4 4 2
910 ,905
T on s.
463 ,240
546 ,569
525 ,371
604 ,076
716 ,2 1 0
572 ,7 2 4
463,731
590 ,667
609 ,403
782 ,045
74 7 ,6 6 2
457 ,552
425 ,242
5 58 ,375
4 68 ,003
702 ,247
1 ,035,431
1 ,0 8 9 ,8 9 2
1 ,0 2 0 ,0 0 2
1 ,011,779
739 ,651
714 ,276
7 2 8 ,5 4 0
9 71 ,165
9 36 ,9 4 9
8 20 ,671
6 93 ,696
4 6 3 ,8 7 8
4 41 ,3 8 4
4 9 7 ,9 2 4
4 14 ,5 5 6
Other
D e s c r ip tio n s .
T o n s.
2 ,5 6 1 ,1 6 4
2 ,1 9 1 ,9 3 7
1,927,171
1,8 9 5 ,1 4 5
1 ,7 5 9 ,2 4 8
1 ,4 8 5 ,8 1 3
1,6 4 9 ,4 3 3
1 ,746,171
1 ,5 9 2 ,0 9 4
1 ,7 0 2 ,9 5 7
1 ,782,571
1,511,421
1 ,393,771
1,4 5 7 ,9 0 5
1 ,5 0 4 ,2 2 3
1,6 9 7 ,8 4 4
1,820,731
1 ,905,919
1,9 1 0 ,2 4 2
1 ,9 7 3 ,0 7 5
1 ,6 0 5 ,2 8 9
1 ,4 5 5 ,4 7 5
1 ,4 9 7 ,4 3 9
1 ,5 0 8 ,0 9 5
1 ,658,531
1 ,5 1 7 ,4 5 8
1 ,4 6 6 ,0 5 5
1 ,1 9 6 ,1 7 0
9 33 ,193
9 65 ,285
8 9 9 ,8 0 9
—:.«•»
Total.
T on s.
4 ,6 8 8 ,8 4 6
3 ,7 2 1 ,3 8 2
3 ,2 6 2 ,8 4 2
3,5 6 4 ,6 0 1
3 ,5 7 9 ,1 0 4
2 ,8 9 7 ,7 1 9
3 ,5 4 0 ,6 8 9
3 ,7 1 7 ,1 8 0
3 ,2 4 4 ,3 5 0
3 ,6 8 6 ,1 0 6
3 ,5 5 0 ,3 9 8
2 ,8 3 5 ,5 4 1
2 ,6 4 9 ,9 9 8
2 ,8 5 6 ,5 7 4
2 ,7 3 9 ,2 7 9
3 ,2 4 0 ,1 4 6
4 ,0 0 1 ,4 3 0
4 ,1 8 6 ,1 8 2
3 ,9 6 6 ,5 6 3
4 ,1 4 3 ,0 2 8
3 ,3 8 9 ,1 9 7
3 ,1 3 0 ,6 8 2
3 ,496,991
4 ,0 4 3 ,3 0 8
4 ,3 5 3 ,5 5 2
3 ,8 2 0 ,3 1 5
3 ,7 9 2 ,9 9 3
2 ,8 8 3 ,4 8 4
2 ,2 9 6 ,8 6 0
2 ,3 4 6 ,3 7 0
2 ,2 2 4 ,4 7 0
m
The British im ports since Jan. 1 have been as follows:
1906.
1905.
D iffe r e n c e .
Im p orts—
£
£
£
J a n u a r y .......................... 5 3 ,4 7 5 ,8 3 0 4 7 ,7 6 6 ,4 6 0
+ 5 ,7 0 9 ,3 7 0
+ 4 ,6 8 3 ,8 9 8
F e b r u a r y ...................... .4 7 ,5 2 8 ,8 3 5 4 2 ,8 4 4 ,9 3 7
M a r c h ________________ 5 3 ,2 7 0 ,5 8 7
4 8 ,9 8 3 ,3 1 2
+ 4 ,2 8 7 ,2 7 5
A p r i l ........ .............. ......... 47,0 5 4 ,2 3 1 4 3 ,2 8 2 ,8 2 6
+ 3 ,7 7 1 ,4 0 5
M a y ................................ 5 1 ,4 3 0 ,4 5 7 4 6 ,8 3 2 ,9 6 7
+ 4 ,5 9 7 ,4 9 0
J u n e . . .............................4 7 ,8 9 2 ,7 0 9 4 3 ,5 5 7 ,4 0 7
+ 4 ,3 3 5 ,3 0 2
J u ly __________ _______ 48 ,6 0 9 ,6 7 4 4 4 ,7 4 1 ,8 3 8
+ 3 ,8 6 7 ,8 3 6
A u g u s t ..........................4 8 ,8 9 4 ,6 2 4
46,8 6 2 ,9 9 1
+ 2 ,0 3 1 ,6 3 3
4 5 ,7 3 2 ,6 4 8
— 664 .091
S e p t e m b e r ........ ............4 5 ,0 6 8 .5 5 7
O c t o b e r . ........................5 4 ,6 3 9 ,3 1 8
4 8 ,6 7 6 ,4 1 8
+ 5 ,9 6 2 ,9 0 0
N o v e m b e r -------------------5 5 ,7 4 8 ,8 6 8
5 3 ,1 4 6 .9 3 4
+ 2 ,6 0 1 ,9 3 4
D e c e m b e r -------------------5 4 ,673,982
5.3,120,486
+ 1 ,5 5 3 ,4 9 6
T w e lv e m o n t h s . . . 6 0 7 ,9 8 7 ,8 9 3
5 6 5 ,0 1 9 ,9 1 7
+ 4 2 ,3 6 7 ,9 7 6
P er
C ent.
+ 1 2 .0
+ 1 0 .9
+ 8 .8
+ 8 .7
+ 9 .8
+ 9 .9
+ 8 .6
+ 4 .3
— 1.4
+ 1 2 .3
+ 4 .9
+ 2 .9
+ 7 .9
The exports since Jan. 1havejbeen as follows:
E xp orts—
J a n u a r y ....................
F e b r u a r y .......................
M a r c h ----------------------A p r i l ------------- -----------M a y ........ .....................
J u n e . ..............................
J u ly ........................... ..
A u g u s t .........................
S e p t e m b e r --------------O c t o b e r .........................
N o v e m b e r ....................
D e c e m b e r .....................
1906.
£
30,7 7 4 ,8 1 1
2 8 ,7 8 1 ,1 2 3
3 1 ,6 5 1 ,1 6 2
2 7 ,0 3 2 ,3 0 6
3 1 ,7 2 9 ,9 2 7
3 0 ,6 3 9 ,1 8 7
3 3 ,4 4 2 ,9 6 2
3 3 ,4 9 2 ,6 1 4
3 0 ,5 2 5 ,1 5 3
3 3 ,2 3 4 ,3 3 1
3 2 ,9 7 5 ,1 6 2
3 1 ,4 0 9 ,1 7 5
T w e lv e m o n t h s ___ 3 7 5 ,6 7 2 ,9 1 3
1905.
£
2 4 ,9 8 9 ,7 7 7
2 5 ,2 6 9 ,0 6 3
2 8 ,0 7 0 ,8 2 3
2 4 ,1 3 8 ,4 6 8
2 7 ,2 5 2 ,6 9 3
2 5 ,9 8 5 ,3 9 7
27,8 2 1 ,0 5 1
2 9 ,5 1 7 ,8 3 6
2 9 ,3 5 0 ,4 6 0
2 9 ,3 6 7 ,5 5 6
2 9 ,6 0 8 ,1 4 9
2 8 ,6 5 2 ,1 9 4
3 2 9 ,8 1 6 ,6 1 4
D ifferen ce.
£
+ 5 ,7 8 5 ,0 3 4
+ 3 ,5 1 2 ,0 6 0
+ 3 ,5 8 0 ,3 3 9
+ 2 ,8 9 3 ,8 3 8
+ 4 ,4 7 7 ,2 3 4
+ 4 ,6 5 3 ,7 9 0
+ 5 ,6 2 1 ,9 1 1
+ 3 ,9 7 4 ,7 7 8
+ 1 ,1 7 4 ,6 9 3
+ 3 ,8 6 6 ,7 7 5
+ 3 ,3 6 7 ,0 1 3
+ 2 ,7 5 6 ,9 8 1
+ 4 5 ,8 5 6 ,2 9 9
The re-exports of foreign and colonial'produce since
show the follow ing contrast:
R e-exp orts—
J a n u a r y --------------------F e b ru a r y ......................
M a r c h . .........................
A p r i l ------------------------M a y ------------------------J u n e . ..............................
J u ly ..............................
A u g u s t ........ ..............
S e p t e m b e r ..................
O c t o b e r ........ ................
N o v e m b e r ----------------D e c e m b e r . ..................
1906.
£
7 .4 4 5 ,8 5 5
7 .9 9 5 ,8 6 0
7 ,2 7 6 ,3 9 7
7 .3 3 2 ,0 8 6
7 ,1 1 6 ,6 5 5
7 ,2 5 2 ,0 2 9
6 ,0 5 9 ,3 2 5
6 ,9 2 4 ,1 4 0
5 ,5 2 0 ,7 6 3
7 ,1 4 1 ,8 8 2
7 ,3 5 2 ,3 2 2
7 ,7 4 6 ,0 7 2
1905.
£
6 ,1 1 3 ,8 8 7
7 ,6 1 9 ,7 2 3
6 ,8 1 2 ,2 0 9
6 ,3 0 3 ,8 7 7
6 ,8 0 5 ,4 3 3
6 ,3 9 9 ,1 6 4
5 ,7 7 3 ,4 7 8
6 ,4 2 7 ,6 3 6
5 ,5 2 1 ,2 3 7
6 ,2 3 5 ,8 1 0
6 ,6 9 2 ,9 5 8
7 ,0 9 3 ,1 0 9
D iffe r e n c e .
£
+ 1 ,3 3 1 ,9 6 8
+ 3 7 6 ,1 3 7
+ 4 6 4 ,1 8 8
+ 1 ,0 2 8 ,2 0 9
+ 3 1 1 ,2 2 2
+ 8 5 2 ,8 6 5
+ 2 8 5 ,8 4 7
+ 4 9 6 ,5 0 4
— 474
+ 9 0 6 ,0 7 2
+ 6 5 9 ,3 6 4
+ 6 5 2 ,9 6 3
Per
Cent.
+ 2 3 .2
+ 1 3 .9
+ 1 2 .8
+ 1 2 .0
+ 1 6 .5
+ 1 8 .0
+ 2 0 .2
+ 1 3 .4
+ 4 .0
+ 1 3 .2
+ 1 1 .4
+ 9 .6
[V o l .
l x x x iv .
Vice-President and Isham Bridges was re-elected Manager.
A resolution was lately adopted by the Clearing House
which requires the filing of m onthly statements b y 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 m eeting, between
the Committee on Supervision and representatives of th e
trust companies. A report o f this com m ittee was subm itted
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 requirem ent, an d
these have been withdrawn.
— Miles M. O ’ Brien. Vice-President of the Mercantile
National Bank of this city , yesterday resigned the presidency
of the New Amsterdam National Bank, Broadw ay and 39th
St., and was succeeded by F. W . Kinsm an, late President
of the Hamilton Bank, on W est 125th St. Mr. O ’ Brien
takes this step in order that he m ay devote all his time to
the affairs of the Mercantile National. Since assuming direc
tion of the New Amsterdam National about a year ago, he
has had to divide his efforts in the Mercantile with the up-tow n
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 im portant business dis
trict. Mr. Kinsman, President-elect, has sold out his in
terests in the H am ilton Bank to E . R . Thom as and O. F.
Thomas. Under Mr. Kinsm an’s direction the Ham ilton
Bank has prospered and grown until it now has several
branches. The Mercantile National’s net deposits have in
creased from $15,624,247 to $18,536,039 during the past
week.
— The annual banquet of the Associated Banks of New
Y ork City, Group V I I I ., will be held next W ednesday even
ing in the grand ball room of the W aldorf-A storia H otel.
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 quarterly dividend to be paid Feb. 1 b y the Astor
National Bank of this city has been increased to 8 % , 634%
having been paid at each quarterly period heretofore. This
is an increase in the yearly rate from 2 5 % to 3 2 % .
— The directors of the Hanover National Bank of this
city , at a meeting on the 22d inst, elected E . Hayward Ferry
Jan. i
a director and Vice-President. In the vice-presidency he
succeeds W illiams Halls Jr., w ho, however, remains a
P er
C ent.
member of the board. To accept the office Mr. Ferry resigns
+ 2 1 .8
+ 4 .8
as Vice-President of the National Shawmut Bank of B oston .
+ 1 3 .9
+ 6 .9
+ 1 6 .3
+ 4 .5
+ 13.3
+ 5 .0
+ 7 .7
— 0.08
+ 1 4 .6
+ 9 .8
+ 9 .2
T w e l v e m o n t h s .. . 8 5 ,1 6 3 ,3 8 6
7 7 ,7 7 9 ,9 1 3
+ 7 ,3 8 3 ,4 7 3
+ 9.5
N o te .— T h e a g g r e g a te figures are o ffic ia l.
T h e y In dicate th a t slig h t adJustm ents h a v e been m a d e In th e m o n t h ly returns as Issued.
ITEMSTABOUT BANKS, BANKERS AND TRUST CO’S.
— The newly organized New Netherlands Trust Com pany
of this city will soon make application to the courts for per
mission to change its corporate name to the Astor Trust
Com pany. The new banking institution was form ed last
year by interests identified with the Bankers’ Tnust Com
pany, 7 W all Street, and will locate on the northeast corner
of Fifth Avenue and 36th Street, when its quarters are ready
for occupancy late in February,. As announced in these
colum ns last September, Edm und C. Converse, w ho r e s i g n e d
the presidency of the Liberty National Bank tw o weeks ago,
will take active executive charge of it, while Thomas Coch
rane Jr. and Seward Prosser are to bp Vice-Presidents.
— 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 auction. The transactions in trust
— Howard E. Rank and Lamar Ross were appointed
com pany stocks reach a total of 95 shares. E ighty shares
Assistant Cashiers of the Oriental Bank of this city at a
o f stock o f the National Park Bank were sold in tw o lots
meeting of the directors on W ednesday the 23rd inst.
at 465 and 4 6 5 ^ , an advance of 14 points over the price
— The Aetna National Bank of this city , which is shortly
paid in Decem ber of last year, when the last previous sale
to increase its capital from $200,000 to $300,000* reports
was made.
earnings a little in excess of 23% on its capital during the
S h ares.
B A N K S .— N ew Y o r k . L o w . H ig h . C lose. L a st p reviou s sale,
x l 10 C o m m e r c e , N a t. B a n k o f . . 183
185
185
Ja n .
1907— 184
past year. The bank has not as yet paid any dividends,
80 P a rk B a n k , N a t io n a l............. 465
1906— 451
4 6 5 )4 465 % D e c .
having pursued the policy o f passing its earnings
10 S ta te B a n k ........ ..................... 325
325
325
Jan.
1907— 325 •
to the surplus account. It is the purpose, h ow ever, to com
T R U S T C O M P A N I E S — N ew Y o r k .
85 L in c o ln T ru st C o ..... .............. 390
3 9 0 H 390
Ja n .
1907— 395 }^
mence the paym ent of dividends on an 8 or 10% basis on
10 N . Y . L ife In s. <Sc T r . C o . . .1 0 1 0
1010
1010
N o v . 1906— 1021
January 1 1908. The bank has been in business since Oct
x S o ld at th e S t o c k E x ch a n g e .
ober 1904.
— San A ntonio, Texas, was designated a reserve city on
— The business of the New Y ork National Exchange Bank
the 2d inst. under the act of March 3 1887 as amended by and the Irving National Bank o f this city was merged on
the act of March 3 1903
the 16th in st.,w ith the adoption of resolutions b y the boards
— A t the annual meeting of the Louisville Clearing House of the respective institutions. The legal formalities of this
Association on the 15th inst, Logan C. Murray (President of consolidation, to which we adverted in our issue o f January
the Am erican National Bank) was elected President, to 12, will be com pleted on February 19, when the stockholders
succeed Samuel Casseday. James S. Barret was elected of the institutions will hold special meetings to ratify the
J a n . 26 1907.]
THE CHRONICLE.
action of their boards. The stockholders of the New Y ork
National Exchange Bank w ill also vote upon the propositions
to increase the capital from $1,000,000 to $2,000,000, to
change the ba n k’s name to the Irving National Exchange
Bank, and to amend the articles of association so as to provide
for a board of tw enty-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.
— The New Y ork Agency of the London and River Plate
Bank, L td ., has been advised b y cable of the opening of a
branch at Valparaiso, Chili. This agency, at 51 W all Street,
is hence now in a position to accept business for that port
in addition to the already long-established relations with
Brazil, Argentina, Uruguay and Paraguay.
— Arrangements have been perfected for the opening of a
Manhattan office by the Brooklyn Trust Com pany 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 Street, was decided upon by the board o f directors last
week. President Miller states that the opening of this
branch is simply for the convenience of its m any New Y ork
City patrons, the demand for such a step being im perative.
— The Hom e Trust Com pany of New Y ork (Brooklyn Bor
ough) will also open a Manhattan office about April 1 next,
its quarters being in the new Evening Post Building at 20
Vesey Street. The interior fixtures and decorations o f its
banking room are to be of a unique character.
— The organization o f the Mount* Vernon National Bank
of Mount Vernon, N. Y ., has been com pleted, with the elec
tion of the folloAving officers: President, Horace Loomis; VicePresidents, Herbert T. Jennings and D. M. H opping, and
Cashier, S. K . R aym ond. As noted in an earlier issue, the
capital is $200,000.
— The First National Bank of Bayonne, N. J., which is a
conversion to the National system of the Bayonne Bank,
has com m enced business under its new title. George Carragan continues as President and Frederick G. Perkins re
mains as Cashier. W illiam II. Vreeland and De W itt Van
Buskirk have been elected Vice-Presidents.
— A t the late annual meeting of the board of trustees of
the National Savings Bank of A lbany, Egbert B. K ing 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 filled b y the election of Dr. An
drew S. Draper, Commissioner of E ducation, State of New
Y ork .
— The National Exchange Bank of A lbany, N. Y ., is to
lose its 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 am ount 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 b y Mrs. John D. Parsons Jr., the w idow of its form er
President. At meetings of the directors of the tw o banks
on W ednesday, the proposed consolidation was recom mended
for acceptance by the stockholders. According to the plan,
the First National is to take over the assets of the National
Exchange, increasing its capital from $300,000 to $600,000
to pay for the stock of the Exchange bank. It is said that
to plaoe the banks on an equal basis it will probably be neces
sary for the National Exchange Bank to declare an extra
dividend of 2 0 % to its stockholders. While the consolidat
ing banks each have a capital of $300,000 and surplus of
$100,000, the Exchange Bank has 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 becam e President of the First National
in May 1905, is to continue as chief executive. John J.
Gallogly, Vice-President of the National Exchange, will have
a similar office in the new bank. The uniting institutions
have been in close relationship with the A lbany Trust Com
pany, President Horace G. Y oung of that com pany being a
Vice-President of the First National and a director of the
National Exchange.
197
— The directors of the Fidelity Trust Company of B uffalo,
N. Y ., at their recent annual meeting elected George D . Sears
to the position_of Trust Officer.
— Loran L. Lewis was recently chosen to replace the late
Nathaniel Rochester as President of the Third National Bank
of Buffalo, N. Y . R . B. Adam has becom e a Vice-President
of the institution.
— The stockholders of the Old Colony Trust Com pany of
Boston adopted an amendment to the by-law s on W ednesdaj?, increasing the num ber of directors from tw en ty -fou r
to thirty. W ith the exception of the late George F. F abyan ,
the old board was re-elected, and the follow ing chosen as
new members: Charles S. Mellen, R obert T . Paine 2d, Philip
L. Saltonstall and Charles W . W hittier.
— The name of the Am erican Loan & Trust Com pany o f
Boston is to be changed to the Am erican Trust Com pany as
soon as legislative permission is obtained to that end.
— George F. Fabyan, a mem ber of the dry-goods firm o f
Bliss, Fabyan & Co. o f B oston, and one of the incorporators
of the Old Colony Trust Com pany, of which he was a director,,
died on the 18th inst. He was also identified with num erous
other corporations.
— Charles H . Dutton Jr. has been elected Second V icePresident of the Merrimack National Bank of Haverhill
Mass.
— Elisha J. Neall, previously Vice-President, has been
elected to the presidency of the Appleton N ational Bank of
Lowell as”successor~to Charles H . Allen.
i •— W en dell]E . Turner has been elected Vice-President o f
the Fall R iver (Mass.) National Bank, succeeding Herbert
Field.
— It is reported that interests in the Chelsea Trust Company
of Chelsea, Mass., now in process of organization, have se
cured controP of 7,000 shares of the stock of the W innisim m et National Bank of Chelsea. It is stated further th at an
offer of $165 per share (par $100) has been made for the ou t
standing stock by F. S. Moseley & C o., who represent the pur
chasing interests. The acquisition is taken as an in dica
tion that the business of the bank will be taken over b y the
new trust com pany. The bank has a capital of $100,000.
— The stockholders of the failed Pynchon National Bank
of Springfield, Mass., have been notified o f an assessment
of 49 % on their holdings, to be paid on or before January 26.
To shareholders paying 2 5 % of the assessment b y that date,
an extension to pay the remaining 2 4 % b y February 24 is
granted. The bank (capital $200,000) went into receiver’s
hands in June 1901. While it is stated that through th e
settlem ent of a patent suit now pending the am ount of th e
assessment m ay be refunded, som e dissatisfaction is e x
pressed b y the stockholders at the levying of the assessment.
In March 1902, when arrangements were being perfected f o r
the settlement of the ba n k’s affairs, the stockholders to o k
up at 95 bonds of the Am erican W riting Paper Com pany
(par $100) to the am ount of $577,000, held b y the bank at
the time of its suspension. Those who bought the bonds at
this price and sold them at 71 feel that w ith the present
assessment they are being asked to pay more than the legal
limit of 100% . The depositors have thus far received 9 8 %
of their claims, but besides the remaining 2 % they are also
entitled to interest on their claims.
— The Fidelity Trust Company of Portland, M e., which
began business less than a year ago— that is, on April 9 1906
— reports deposits January 19 1907 of $842,366. On O ctober
17 the amount of the deposits was $648,918. In th e inter
val undivided profits have increased from $8,866 to $16,542
and aggregate resources have risen from $960,209 to $1,181 ,334. The institution has capital and surplus o f $150,000
each. Its officers are Edward P. R icker, President; Charles
Sumner Cook and Frederick O. Conant, Vice-Presidents,
and Ernest J. E dd y, Secretary and Treasurer.
— The one hundredth anniversary of the Farmers’ <fc
Mechanics’ National Bank of Philadelphia was celebrated
on the 17th inst. with a banquet at the B ellevue-Stratford.
The event was marked b y the delivery of several apt addresses,
the principal speaker being Charles H . Treat, Treasurer of
the United States. Other speakers at the gathering were
Joseph W harton, President of the American Iron & Steel
Association; Edward T. Stotesbur}^ State Treasurer W illiam
198
THE CHRONICLE.
H . B erry, W . N. Ashman of the Orphans’ Court, and John
W eaver, M ayor of Philadelphia. President Howard W .
Lewis, who presided at the affair, reviewed the history and
developm ent 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 o f Pennsylvania
and $646,000,000 for the City of Philadelphia, and this
w ithout the loss of a single penny. The bank was 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 c f Philadelphia. The institu
tion now has a capital of $2,000,000 and surplus and profits
o f $1,170,000. Altogether it has distributed $12,497,000
in dividends during its existence.
— Henry Shetline has been elected Vice-President of the
Sixth National Bank o f Philadelphia to fill the vacan cy due
to the death of George May.
— Andrew Long, Cashier of the Exchange National Bank
o f Pittsburgh, was elected President of the Pittsburgh Clear
ing House Association at the annual meeting last week,
succeding R . S. Sm ith. The Vice-President elected was
Charles Me K night, President of the National Bank of
Western Pennsylvania. W . W . McCandless was re-elected
Secretary and Manager.
— E . M. Bigelow , who has been Vice-President of the
L iberty National Bank of Pittsburg i , has teen elected Presi
dent in place of Ira F. Brainard.
— Frederick A . Dolfield has resigned as Assistant Cashier
o f the National H oward Bank of Baltimore to take the
presidency of the Canton National Bank of Baltim ore. In
his new offic ■l e succeeds H . J. M cGrath, whose re-election
at the annual meeting on the 10th inst. was announced as
on ly tem porary, he having consented to accept the post
until the selection of a suitable successor.
— The new American National Bank of Cincinnati, Ohio,
opened for business in its quarters in the Harrison Building
on the 21st inst. The capital, as before pointed ou t, is
$500,000 and the surplus ?50,000. Dr. J. M. Crawford,
form er Consul-General of the United States to Russia,
is President of the institution; W illiam Christie and J. M.
Blair are Vice-Presidents; Herbert N. W inans, Cashier,
and O. L. Ballinger and James M. Fisher, Assistant Cashiers.
— C. C. Richardson has resigned as Vice-President and
director of the Cincinnati Trust Com pany, o f Cincinnati,
O hio. George H. W orthington replaces him on the board.
— The opening of the Am erican Trust & Savings Company
o f Springfield, O hio, lately form ed, occurred on the 5th inst.
N. H . Fairbanks is President of the new institution, which is
dom iciled in especially well-appointed banking room s. The
com pany has as Vice-Presidents Paul A . Staley and W . H.
M cCord, and H . E . Freeman is the Secretary and Treasurer.
— The new Mercantile National Bank of Evansville, In d.,
form ed several months since with $200,000 capital, has com
m enced business. It is managed b y James V. Rush, Presi
dent; Louis A . Daus, Vice-President; Joel Bailey, Cashier,
and Ezra H . Bauer, Assistant Cashier.
— The stockholders of the Grand R apids Savings Bank of
Grand Rapids, M ich., are interested in a new bank to be
established at Madison Square— a suburb of Grand R apids—
and incorporated under the name of the Madison Square
Bank. Frank J. Cook will be manager of the institution.
[Vol. lxxxiv.
a grand jury was necessarily ex parte. Mr. M oxey, the
Government expert, worked for eight months to acquaint
himself with the accounts of the bank. Of course in the short
time during which the jury considered the case Mr. M oxey
could 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. W alsh to present
any explanation or defence, it was natural for the ju r y to
accept Mr. M oxey’s statem ent.” They add that Mr. Walsh
looks forward to the opportunity of vindicating himself from
these charges upon a fair tria l. The basis o f any offence de
fined b y the National Banking A ct, they state, is criminal
intent. “ The defence will be that in the whole course of
his life John R . Walsh never did a criminal act or any act
with a criminal in ten t.”
— The American Guaranty Company of Chicago has added
a new department to the regular lines of work which it has
heretofore perform ed. In this departm ent it will attend to
the preparation of m unicipal and corporation bon ds, secure
the services of a trust com pany as trustee for bondholders,
prepare the necessary deed of trust ready for execution b y
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 com pany
claims to be the only one in the W est to engage in this par
ticular w ork. Its capital is $500,000. Frederick M. Steele
is President, Charles L. Furey Vice-President, Lewis W .
Pitcher Secretary and James L. Bigelow Treasurer.
---- R obert ^M. W ells, long identified with the hardware
house of Wells & Nellegar Com pany, 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 w ill, 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,
and with the sale of the new stock at $125 will create a
surplus of $25,000. This institution, form erly the Manu
facturers’ Bank, has been operating as a national^bank
since last March.
— The Citizens’ Trust Com pany of Milwaukee, W is.,'ran
nounces that it has secured the co-operation of W alter S.
Denning in the management o f its bon d departm ent, for'th e
sale of bonds and investments of every description.
— On the 15th inst. R obert Camp was elected President
of the Milwaukee Trusty Company of Milwaukee, W is., to
replace the late J. H. Van D yke Jr. D avid C. Green,
Charles Allis and^George'P. Mayer have been elected directors
of the com pany, and in addition Mr. Green has been chosen
Vice-President and Treasurer, while Mr. Allis has also been
elected a Vice-President. Scranton Stockdale is Secre ary
and P. 0 . Kannenberg Assistant S ecretar/.
— A. E. Nelson has been elected Cashier of the Union
State Bank of Minneapolis to succeed L. Jaegar.
— The changes in the Minnesota National’ Bank of Minne
apolis at the recent annual meeting were the election of
Frank L. Williams’ as,Vice-President, succeeding S. T . John
son, and the election of J. D. U ttendorfer as Cashier, re
placing H . G. Merritt, w ho remains a director of the bank.
— In our item last week regarding the increased surplus
of the Swedish-American National Bank of Minneapolis,
ws stated that the' bank had also increased its rate of interest
from 3 to 33^ % . These remarks with regard to the increased
interest rate concern the Swedish-American Savings Bank,
a separate institution under the same managem ent as the
national bank.
'*'v— On charges alleging m isapplication of the funds of
the Chicago National Bank of Chicago, 111., an indictm ent of
182 counts was returned on the 18th inst. against its Presi
den t, John R . W alsh, by the special Federal Grand Jury of
— John W orthington, who is reported to have acquired
the Northern District of Illinois. Mr. W alsh gave bonds
to the am ount of $50,000. Feb. 6 has been set as the date an interest in the American National Bank of Kansas C ity ,
for the filing of pleadings to the indictm ent. The Chicago M o., has been elected First Vice-President. O. L. VanlanN ational, it will be recalled, and tw o other Chicago institu ingham has been elected Second Vice-President and John
tion s controlled b y Mr. W alsh— the Equitable Trust Company C. Hughes (form erly Secretary and Treasurer of the Bankers’
and the H ome Savings Bank— closed their doors in Decem Trust Co. o f Kansas City) has replaced C. B. Gray, resigned,
ber 1905. In a statement issued on Friday the 18th inst. as Cashier. C. S. Jobes has been re-elected President o f
b y counsel for Mr. W alsh, nam ely, John S. Miller, Edward the bank.
C. R itcher and Samuel R . H am m ill, suspension of public
— The proposition to increase the capital of the National
ju dgm en t is asked until there has been a fair and impartial Bank o f Commerce in St. Louis from $7,000,000 to $10,000,trial. “ An in dictm en t,” they state, “ does not raise even a 000, acted upon b y the shareholders on January 8, was
presum ption of guilt. The presentation of the matter before carried by a vote representing nearly 60,000 shares o f stock .
J a n . 26 1 907 .]
Of the 30,000 new shares, 10,000 are to be sold to present
stockholders at $300 per $100 share, payable February 1
next, thereby increasing the stock to $8,000,000. The re
maining 20,000 shares are to be sold at $100 each to stock
holders of record February 4 1907, payable February 14.
An extra cash dividend of $25 per share, payable February 14,
is to be declared on the $8,000,000 stock, and this can b e
used to pay for the $2,000,000 issue. The bank, it will be
rem em bered, took over the Fourth National on Decem ber 11.
W hen all transactions have been com pleted and the business
o f the Fourth National been paid for, the National Bank o f
Com merce will have a capital of $10,000,000, surplus of
$5,000,000 and undivided profits of over $3,000,000. A t
its annual meeting three new Assistant Cashiers were added
to the bank’s list of officers. They are J. W . R einholdt,
w ho form erly held the post, now discontinued, of A u ditor;
A . L . Weissenborn and George R . 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. N. H itch cock , Assistant Cashiers.
— E . S. Lee, form erly Cashier o f the First National Bank
of Covington, K y ., has been elected President o f the insti
tution. J. H . Becker has becom e Cashier and H . T . Reinke
Assistant Cashier.
— The organization of a bank under the name o f the
Commercial National is under w ay in Covington, K y . The
capital is to be $100,000. The incorporators are John R .
Bullock, J. A . D ownard, J. C. Brow n, J. T . S cott, Charles
S. Furber, L . D . Huffman and M. L. Kirkpatrick.
— Samuel J. Hinsdale has been elected Cashier of the Caro
lina Trust Com pany of Raleigh, N. C., succeeding H . F,
Smith, resigned.
— The interest in t h e ‘ Union National Bank of Oakland,
Cal., held b y Thom as Prather, who retires as President, has
been purchased b y J. Dalzell Brow n, Vice-President o f the
California Safe D eposit & Trust Com pany of San Francisco,
and his associates. The change in control o f the Oakland
institution has resulted in the election of Charles E . Palmer,
previously Cashier, as President; J. Dalzell Brown as VicePresident and W . W . Crane as Cashier. The bank was es
tablished in 1875 and has a capital o f $150,000.
— The recent death is announced of Andrew Thom son,
President of the Union Bank of Canada, head office Q uebec.
— The banking business of John Curry & Co. o f W indsor,
O ntario, has been transferred to the Dom inion Bank o f
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
o f the Dominion Bank for the year ending Decem ber 31 1906
were $539,360, against $490,495 the previous year, and the
sum of $400,000 has been transferred to the reserve fu nd,
increasing it to $3,900,000. The deposits are now $36,876,156, comparing with $34,083,183 a year ago.
— The R oyal Bank of Canada (head office H alifax) re
ports net profits for the year ending Decem ber 31 1906 of
$604,495. Adding the balance of $37,162 remaining to the
credit of profit and loss Decem ber 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
O fficers' 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 $3,400,000 to $4,390,000), leaving a
balance of $74,875 to be carried forward. The bank has
increased its dividend rate from 9 % to 10% per annum,
the January distribution (quarterly) having been 2J^ % ,
against 2 * 4 % previously. From Decem ber 31 1905 to the
same date in 1906 the deposits increased from $26,435,659
to $32,464,686, while the total assets advanced from $36,373,576 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, L td ., has issued its
semi-annual statement for the six months ending D ec. 31
1906. The gross profits were $1,010,704. The deposits on
D ec. 31 were $78,207,549 and bills re-discounted $30,566,989.
The reserve fund was increased $50,000 and now stands at
$2,250,000. The full statement appears in another colum n.
199
THE CHRONICLE
pX tfuztuvyj*^ommtxcM^nQlisU^txos
(From our own correspondent.)
London, Saturday, J an u ary 12 1907.
A t the beginning o f the week there was much cheerfulness
in the stock markets, with the exception o f the A m erican ,
which, owing to the fluctuations in New Y ork , puzzled o p
erators. Soon, however, it g ot to be known that prepara
tions were being made for withdrawing large am ounts o f
gold for South Am erica. As a m atter o f fact, tw o millions
sterling were withdrawn on W ednesday and Thursday. For
the m om ent this checked business and there was som e set
back in prices. But a quick rally follow ed and prices again
advanced. There was special activity in the mining m arket.
Several new mines have becom e gold producers, and a few
mines that never hitherto have paid dividends have becom e
dividend payers. M oreover, the m onthly returns o f the
output show continuous increases. There is, therefore, a
very much m ore hopeful feeling than there was. M oreover,
it is believed that the Boers see that it w ould be unwise to
get rid of the Chinese laborers until they are sure of replacing
them b y natives. Consequently the fear that labor would
again becom e scarce is rapidly disappearing. Lastly, those
who are best acquainted with the Transvaal are now h opeful
that the elections will turn out favorably. Continental b u y
ing has helped British buying, and in spite o f the gold w ith
drawals the feeling in the mining m arket is decidedly better
than it has been for years.
For the m om ent activity in the m arket for British G overn
m ent stocks and for British railway stocks is held som ewhat
in check. But the belief is almost universal that as soon
as m oney becom es at all easy there will be an advance in b o t h .
Respecting the Am erican m arket, there is great diversity of
opinion, som e fearing that the investigations into railway
management and finance and the large issues o f new capital
will bring about a very bad state o f 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 Y ork and
follow s the m ovem ents o f New Y ork slavishly.
In Paris there is a very hopeful feeling. Politically e v ery
thing is regarded as m ost satisfactory, both internally and
externally. Money is abundant, confidence is great. D ur
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 investm ents in L on d on ,
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
desirous of 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 o f notes re
turned from circulation. It is believed that the reflux w ill
be still larger in the current week. If so, the best opinion in
Berlin is that the rate will be put dow n to 6 % ; and on the
reduction the general impression is that there will be a d e
cided increase in business on the Bourse. Trade everywhere
continues m ost active, and the prospects for the new year
are regarded as admirable. The Prussian Finance Minister,
in his Budget statement at the beginning o f this week, ex
pressed the view that trade throughout Prussia is perfectly
sound and m ost encouraging.
A t the beginning of the week the market expected a re
duction o f its rate b y the Bank of England. On what ground
it based the expectation it is impossible to judge, for ev ery
thing pointed to large withdrawals of gold. In ad dition ,
the fall in the New Y ork Exchange upon London made it
possible that a New Y ork demand for gold m ight spring up
again. Over and above this, it was known to the well-in
form ed that the Burma rice export season had begun m ost
actively, and that the demand for currency in consequence
was so strong that the Indian Governm ent would have to
“ ear-mark” gold. It was no surprise, therefore, to the w ellinform ed that the Bank of England made no change in its
rate of discount this week. N ext week a reduction seems
more likely.
Rates in the open market have not stiffened as much as
m ight have been expected. Loans for a short time are read-
[YOL. LXXX1Y.
THE CHRONICLE.
200
ilyjm ade at 4 % , and the discount rate is little better than 5% .
Supplies available for consum ption (exclusive of stock on
If there is a fear of shipments to New Y ork , the Bank o f September 1):
1906-07.
1905-06.
1904-06.
1903-04.
England probably will borrow in the open market. But
32,003,7 0 39,923,000
34,456,561
W heat im ported...................... cw t-31,084,900
hitherto it has not thought it necessary to do so, since the Im ports of flour................................. 5,511,700 5,690,700 4,508.120
9,279,124
Sales of hom e-grown.........................11,171,860
15,130,561
6,737.985
7,880,488
collection of the revenue is now upon a very large scale;
Total .............................................. 47,768,460
52,834,961 51,169,105
51,616,173
an d, m oreover, the Bank holds a large num ber of bills Average price wheat, w eek......... . - 26s. Od.
28s. 4d.
30s. 4d.
26s. 6d.
27s. 9d.
30s. 3d.
26s. l i d .
w hich are falling due day b y day. It seems certain, there Average price, season____________ 26s. 3d.
fore, that in a very short time the Bank will obtain full con
The following shows the quantities of w heat, flour and
trol of the market.
maize afloat to the United K ingdom :
This week.
Last week.
1905-06.
1904-05.
The India Council offered for tender on W ednesday 100 lacs
1,643,000
1.680,000
2,305.000
W heat ............- ..........................qrs- 1,623,000
177,000
285,000
155,000
o f drafts, and the applications exceeded 381 lacs, at prices Flour, equal to .........................qrs. 187,000
765,000
760,000
660,000
700,000
Maize ..........................................q rs.
ranging from Is. 4 l-1 6d . to Is. 4 5-32d. per rupee. A ppli
cants for bills at Is. 4 3-32d. and for telegraphic transfers at
English Financial M arkets— Per Cable.
Is . 4 5-32d. per rupee were allotted about 38% of the amounts
The daily closing quotations for securities, & c.,a t London,
applied for.
as reported by cable, have been as follow s the past
week:
The follow ing return shows the position of the Bank of
London.
Week ending Jan. 25.—
Sat.
M on. Tu ts.
Wed.
Thiers.
F ri.
England, the Bank rate of discount, the price of consols, & c., S ilv e r,p e r o z .......................-tf- 31%
3 1 9 -1 6 31%
3 1 7 -1 6 31%
31%
Consols, new, 2 % p e rce n ts -. 86 15-16 86 15-16 87 1-16 878615-16 8615-16
com pared with the last four years:
For account......... ................. 87 1-16 87 1-1687 3-16 87%
87 1-16 87 1-16
1907.
Jan. 9.
£
28,685,445
6,416,573
47,127,057
17,358,516
32,842,040
21,418,555
31,654,000
1906.
Jan. 10.
£
29,432,270
8,090,486
47.972,865
18,339.473
37,015,725
18,815.588
29.797,858
1905.
Jan. 11.
£
27,945,230
8,514,743
41,754,789
19,408,041
26,510,635
22,418,830
31.914,060
1904.
Jan. 13.
£
28,414,055
6,185,742
42.941.9S6
20,947,874
24,957,866
21,424,363
31,388,418
1903.
Jan. 14.
£
28,791,370
8,003.422
40.768,866
17,636,390
27,794.531
21,611,069
32,227,439
Circulation________
Public deposits____
Other deposits_____
Governm ’ t securities
Other securities-----Reserve .notes &coin
Coin& buli.,both dep
Prop, reserve to lia
40
44%
bilities. . . . p . c.
33%
43%
44%
6
4
3
4
Bank rate--------p. c.
4
Consols, 2% p. c ___
87 1-16
89 3-16
88 5-16
87 9-16
93 3-16
32% d.
30% d.
27 9-16d.
27% d.
S ilv e r --------------------22 l-16d.
•Clear.-house returns 255,131,000 228,921,000 215.482,000 183,299.000 174,416,000
The rates for m oney have been as follow s:
Jan. 12.
Bank o f England rate-----------6
Open Market rate—
Bank bills— 3 m onths____
5
— 4 m onths____
4%
— 6 months____ 4 % @ 4%
Trade bills— 3 m onths-----5 @5%
— 4 m onths____ 5% @ 5 %
Interest allowed for depositsB y joint-stock b a n k s _______
4
B y discount houses:
A t c a l l -----------------------4K
7 to 14 days------------------4%
Jan. 46
Dec 21
D ec. 286
5 @ 5 1-16 5% @ 5 %
4%
5%
4% @ 4 %
4%
5% @ 5 %
6 @6%
5% @ 5 %
6
6
5 15-16 @6
5% @6
5
6
6
4
4
4
4%
4%
4%
4%
4%
4%
The Bank rates o f discount and open market rates at the
chief Continental cities have been as follow s:
Jan.. 12.
Rates of
Bank Open
Interest at—■
Rate. Market.
3
P aris. - ......... .................. 3
Berlin. ------.................. 7
5%
5%
5 3-16
_________ 7
Frankfort
Amsterdam _________ 5
4%
_________ 4
3%
Brussels
Veinna
- .............. 4%
4%
St. P e te r s b u r g ---------- 7% nom.
4%
Madrid
- .............. 4%
6
Copenhagen _________ 6
Jan. 5.
Bank Open
Rate. Market.
3
3
7
5%
7
5%
7
5%
5
4%
4
3%
4%
4%
7% nom.
4%
4%
6
6
Dec. 29.
Bank Open
Rate. Market.
3
3
7
5%
5%
7
7
5%
5
5
4
3%
4%
4%
7% nom.
4%
4%
6
6
Dec . 22.
Bank
Open
Rate. Market.
3
3
6
5%
6
5%
6
5%
5
4%
4
3%
4% 4 7-16
7% nom.
4%
4%
6
6
Messrs. Pixley & Abell write: as follows under date of
January 10:
. G O L D .— The arrivals this week were small and the Rank o f England has again
token all, amounting to nearly £300.000 after satisfying Indian requirements.
Altogether the Bank has bought £567,000, almost entirely in bars, but. on the other
hand, the withdrawals have been very large, nam ely, £2,182,000, of which £2,172,
000 goes to Brazil and Argentina and the balance to Egypt. N ext week we expect
£612,000 from South Africa. For the week: Arrivals— South Africa, £276,0C0:
B om ba y, £113,000; W est Indies, £32,000; Brazil, £18,000; W est Africa, £7.0; 0,
Australia, £0,000; Straits, £3,000; total, £455.000. Shipments— Bom bay. £110,650; Colom bo, £13.750; total. £124,400. For the m onth of December: Arrivals—
France. £1,530,000; West Africa, £87,000; South Africa, £2,007.000; India, £177,000; South Am erica, £55,000; U. S. A .. £13,000. Shipments— France, £10,000;
W est Africa, £ 1,000; South Africa, £5,000; India, £251,000; E gypt. £1,140,000;
South A m erica,£1,616,000; U. S. A . , £40.000.
S IL V E R .— The course o f silver has been downward, special requirements for India
have not been large, and though the Indian Bazaars have bought fairly large amounts
this demand has been met by forward sales, and we close 9-16d. lower on the week, at
3 1 % d ., with forward % d . over cash. News o f a French tender for 20,000 kilos
had little or no effect. The price In India is R s. 81 11-16. For the week: Arrivals—
■New York, £263,000; Straits (coin), £362.000; W est Indies, £ 17,000; Chile, £11,000
N ew Zealand, £5,000; total. £«S 8,000. Shipments— Bom bay, £26.780. F or the
m onth of December: Arrivals— Germany, £14,000; France, £16,000; U. S. A .,
£S58.000. Shipments— Germany, £55,000; France, £151,000; W est Africa. £14 1,090; In d ia ,£585,000.
M E X IC A N D O L L A R S.— There have been some dollars oil offer at their melting
value. For the week: Arrivals— New Y ork, £15,700. Shipm ents— Bom bay.
£ 6,700.
The quotations for bullion are reported as follows:
GOLD .
Jan. 10.
London Standard.
s. d.
Bar gold, fine, oz _____ 77 9
U. S. gold, o z . . . ..........76 ‘ 4
German gold coin, o z . . 76 4
French gold coin, o z ___76 4
Japanese yen, o z -------- 76 4
S IL V E R .
Jan. 10.
Jan. 3.
London Standard.
d.
s. d.
Bar silver, line, o z ------ 31 %
77 9
“ 2 m o. d e liv e ry , Oz.32
76 4
Oake silver, o z - ............34 7-16
76 4
Mexican dollars............n om .
76 4
76 4
Jan. 3.
d.
32 7-10
32%
35
nom.
The follow ing shows the im ports o f cereal produce into
the United K ingdom during the season to date com pared
w ith previous seasons:
IM PO RTS.
Nineteen weeks.
1908-07.
1905-06.
Im ports of wheat___________ cw t-3 1 .084,900 32,003,700
Barley __________________________ 11,157,900 11,357.900
O a t s .......................................... - ____ 4,383,200
4,876,900
Peas..................................... .................
863,960
876,975
Beans __________________________
438,670
417,700
Indian c o r n ._____ _________ _____ .18,049,100 15,688,600
Flour ................................................... 5,511,700
5,690,700
1904-05.
1903-04.
39,923,000 34,456,561
11,143,300 15,549,868
4.936,400
6,160,59S
855,500
1,008,749
678,810
968.548
16.123.400 20.517,097
4,508,120
9,279,124
French Rentes (in Paris), fr . 94.72% 94.92% 94.80
78
78
Russian Imperial 4s................77%
Amalgamated Copper C o------ 115%
116%
118%
b Anaconda Mining C o ...........14%
14%
14%
Atchison Topeka & SantaFe. 107
107%
107%
P re fe rre d .............................103
103
104
Baltimore & O hio___________ 120%
120>»
121
P r e fe r re d ........... .................95%
95%
95%
Canadian Pacific...................... 191
192%
192%
Chesapeake & O hio................ 52%
52%
53%
Chicago Great W estern......... 16%
16J2
17
153%
154%
Chicago Milw & St Paul......... 152
Denver & R io Grande, c o m .. 39
39%
39%
Preferred............................... 84%
84%
83%
Erie, c o m m o n ........................ 39%
40 H
40%
First P referred -.................. 74
75
75
Second Preferred________ 65
65
65%
172
171%
Illinois Central_____________ 170
145%
146%
Louisville & Nashville......... .144
Mexican Central........... ...........25%
25%
26
Missouri Kans & Texas, com . 38
38%
39%
Preferred............................... 72 H
72
73%
National R R of M exico_____ 59
59
59
N Y Central & Hudson R i v . . 133
133%
134
46%
47!
N Y Ontario & W estern......... 46%
N orfolk & Western, co m ____90%
90%
91%
P r e fe r re d .............................91%
91%
91
N'orthera Pacific...................... 155
156
157%
a Pennsylvania_____________ 69
69%
69%
a Reading C o.........................- . 6 6 %
6 6 6 6 %
46
46
a First P r e fe r r e d ................. 46
o Second Preferred.............. 47
47
47
R ock Island C o....... ................. 26M
28}£
28%
Southern Pacific.......................95%
96%
97%
■Southern Railway, com m on . 29
29%
30
Preferred...............................88%
88%
89%
Union Pacific, com m on......... 180%
180%
181%
Prefarred......... .......... ...........95%
95%
95
U S S te e lC o r p o r a tio n .c o m .. 47%
48%
48%
re e rre d .............................. 108
108%
108%
W abash ...................................... 17
17%
17%
34%
35%
Preferred ............................. 34
Debenture B ’s ---------------------- 77
77
76
a Price per share.
94.85
77%
119%
14%
107%
103%
121
95%
191%
53%
17
154
40
83%
40%
75
66
171
146
25%
39%
73%
58
134
47
90%
91
158%
69%
65%
46
47
28%
97%
30
88%
181J
95
48%
108%
18
36
76
94.75
77%
119%
14%
108%
103%
121
95%
190%
53%
17
155
40%
83%
41}£
75
65%
171
146%
25%
40
73
58
134%
46%
90%
91
159
69%
66%
40
47
28J£
98%
30%
88%
182
95%
49
109%
18
36
76
94.40
77%
121
14%
107%
103%
120%
95%
189
54
17
155
40%
83%
40%
75U
65
171
146
25%
40 ki
73%
58
134
46y2
91Ji
91
159%
69%
66*4
46
47
28
97%
30
90%
180%
95%
48%
109%
18
36
76
6 £ sterling.
Wommtvc ia l am i J\Xi s c cl Ia it con6 Ji cxos
Auction Sales.— Am ong other securities the follow ing, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian^H. Muller & Son:
S tocks
400 B r o o k ly n C ity R R . C o . . 220
53 4-1 0 0 U . S. H o te l C o ., Sarat o g a , N . Y ____________
5 1 ,0 0 0 B a y o f Isla n d s C o p p e r
C o ........................... $ 5 ,0 0 0
lot
10 S ta te B a n k _____ ______ 325
100 P e n n . Su g ar R e f. C o .
( V o t . T r . C e r t f .) .
180 M frs.
C o m m e rcia l
C o.
8 % C u m . p r e f . - .............
125 D e tr o it T o l. & I r o n . R R .
1st p r e f ________________
80 N a t. P a rk B a n k . ..4 6 5 - 4 6 5 %
10 N . Y . L ife In s. & T r . C o . 1 0 1 0
*
iStocks
25 I n te r n a t. B a n k g C o r p . . 127
85 L in c o ln T r u s t C o . .3 9 0 -3 9 0 %
20 |
200 J . G . W h it e & C o ., I n c .,
p r e fe r r e d ----------------------- 8 4 %
10 R o y a l B a k .P o w .C o . p r e f l0 5 %
B on d s.
$ 9 9 ,0 0 0 O re g o n S e cu rities C o.
76
1st s. f. 6s, O c t . 190 6. c o u p o n s o n .........................
__$ 7 0 0 lo t
70 $ 1 0 ,0 0 0 R a rita n R iv e r R R . 1st
5 s --------------- ------------------------------ 1 0 0 %
20
$.’ ,000 A lb a n y & H u d ;o n R R .
1st 5s, 1943; M. & S ..................
79
d iv id e n d s .
We have changed the method o f making up our w eekly
list o f dividends. H eretofore our record has included only
the dividends announced each week, but fo r the convenience
of our readers we now enlarge the scope of the com pilation
so as to show also dividends previously declared, bu t the
date o f paym ent o f which has not yet arrived. In the new
form the statem ent indicates all the dividends announced
for the future by all large or im portant corporations.
Dividends announced this week are minted in italics.
Name o j Company.
When
Per
Cent, i Payable.
Railroads (Steam )
!
Vtch. Topeka & Santa F e, pref. (N o. 17) 2 }
Atlantic & North Carolina........................ .... 1}
Bald Eagle V a lle y ............................................5
Baltimore & Ohio, com m on.................... J 3
P referred .......................'. ------------------------- 1----2
Buffalo Rochester & Pitts., com. * pref. j 3
Canada Southern.............................................. iy
Central Railroad o f New Jersey (q u a r .).. 1 2
Chicago & North Western, preferred_____ | 2
Chic. St- P- M inn. A- O. , com. and p r e f.., 3!ComwaU & Lebanon.................... .................1 4
Cleve. Cin. Chic. & St. Louis, c o m m o n ..! 2
Delaware & Hudson (quar.)________ ___ __ 2 V
Books Closed.
D ays Inclusive.
|
to
1 Dec. 28
Feb.
to
1 Jan. 20
Feb.
1 Holden? of rec.
Feb.
to
1 Feb. 14
Mch.
1 Feb. 14
to
Meh.
Feb. 15 Holders of rec.
Feb.
1 Holders of rec.
1 Jan. 19
Feb.
to
A pril
1 Holders or rec.
Feb.
20 Holders of rec.
31
Mch.
1 Holders of roc.
Mch. 15 Holders of rec.
Feb.
Feb.
Jan.
Feb.
Feb.
Feb
Dec.
Jan.
Feb.
Feb.
1
1
8
28
28
5
31
31
?.
«
Feb. 1
Feb. 23
THE CHRONICLE.
J a n . 26 1 9 0 7 .]
Name of Company.
Cent.
Street Railways (Continued).
Erie, 1st preferred. .................. ............ ........
Second preferred . . _____ ________ _____
Great Northern ( q u a r . ) _____ . _________
Green Bay <fc Western___________________
Illinois Centra!____________ _____________
Lake Shore & Michigan Southern______
Louisville & Nashville__________________
Mahoning Coal R R ., com m on..................
M ichigan Central_______________________
Nashville Chattanooga & St. L ou is-----New York Chic. <fc St. Louis, first pref—
Second p referred ......... ...............- ..........
Norfolk & Western,adj. pref_____________
Northern Pacific R y . (quar.)___________
Peoria & Bureau Valley--------------- ---------Pitts. Cin. Chic. & St. Louis, co m m o n ..
Pittsburgh & Lake Erie-------------------------Railway tfc Light Securities, pref_________
Reading, c o m m o n ..._______ __________
First preferred------------------ -----------------Syracuse Binghamton & N . Y . (q u a r.)..
V a n d a lia ..............- .......... .......... ...................
Utica Clinton & Binghamton......................
2
9
1H
0
3M
6
3
6
3
3
0
4
2
IK
4
2
6
3
2
2
2
2
IK
Feb.
April
Feb.
F t b.
Mch.
Jan.
Feb.
Feb.
Jan.
Feb.
Mch.
Mch.
Feb.
Feb.
Feb.
Feb
Feb.
Feb.
Feb.
Mch.
Feb.
Feb.
Feb.
Street Railways.
Columbus R y ., pref. (quar.)....................
I X Feb.
Feb.
Coney I si. cfc Brooklyn R R. (quar.)_____
I X 'Feb.
D etroit United Railway (qu ar.)________
I}-*' Feb.
East St. Louis & Suburban , pref. (quar.)
3
,Mch.
Galveston Electric C o ., preferred__________
1M Feb.
Grand Rapids R y ., pref. (qu ar.)______
Feb.
3
Harrisburg (P a .) Traction______________
.Jan.
1
Helena (M ont.) Light & R ailw ay, c o m ..
1 \i 'Jan.
Preferred (quar.)____________________
;3
Feb.
H ouston (Texas) Electric C o., preferred.
Feb.
Jacksonville (Fla.) Elec. Co., com. & pf
% M ch.
M et.W cst Side Elev. (C hic.), pref .(quar.)
1}4 iJan.
M ilw .E lec.R y.& L t. .pref. (quar.) (No. 29)
2)4 Feb.
Montreal Street Railway (qu ar.)_______
Ohio Traction (Cincinnati), pref. (quar.).
114 IFebPhiladelphia C o., com m on (qu ar.)_____
l'A iFeb.
T w inCity Rap. Tran., M in n ., com.(quar)
I'A
United Power & Transportation (Phila.). S3.20 'Jan.
Feb.
W est Penn R y s., pref. (P itts.) (quar.).,
Banks.
Astor National (quar.)......... ............ ..........
Corn E xchange............................................
German Am erican_____ _________________
N . Y . Nat. Exchange (quar.) (N o. 1 1 1 )..
Pacific (q u a r .) ................ ............ .................
E xtra................................................ ..........
Tw enty-third W ard................ .....................
Extra _______________________________
Trust Companies.
Ham ilton. Brooklyn (quar.)___________
Lawyers’ Title Insur. ts Trust (q u a r .)..
Nassau, Brooklyn (quar.)
Feb.
F6.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
2K
3
2
Books Closed.
D ays Inclusive.
Payable.
Feb.
Feb.
Feb.
1
28 Feb.
9 M ch. 13
1 Holders oi
1 Jan. 29
1 Feb. 1
27 Holders of
11 Jan. 22
1 Holders of
29 Holders of
1 Jan. 22
1 Holders of
1 Holders of
15 H oldcrs of
1 Jan. 19
11 Feb. 2
15 Holders of
1 Holders of
1 \Holders Of
1 Holders of
9 Holders of
1 Jan. 27
15 Holders of
9 Jan. 21
to
to
rec.
t3
to
rec.
to
rec.
rec.
to
rec.
rec.
rec.
to
to
rec.
rec.
rec.
rec.
rec.
to
rec.
to
1 Holders of rec.
1 Jan. 27
to
1 Jan. 11
to
1!Holders o f rec.
VHolders of rec.
1‘Holders o f rec.
1 Jan. 20
to
31 Jan. 24
to
31 Jan. 24
to
lj Holders o f rec.
1 Holders of rec.
30 Mch. 22
to
31 Holders of rec.
i Holders o f rec.
1 Jan. 27
to
1 Holders of rec.
H olders of rec.
Jan. 30
to
Jan.
Jan.
Jan.
fan.
Jan.
24
24
l(i
16
to
to
to
to
to
Feb. 28
A pril 9
Jan 19«
Ftb.
1
Feb. 20
Wheat.
Barley.
Oats.
R ye.
D ec. 31 Receipts at—
Feb. 12
bbls.l96lbs. bush. 60 lbs. bush. 56 lbs bush. 32 lbs bushAH lbs. \bu. 56 lbs.
Jan. 19
200,452
412.000
2,088,429
1,253,374
498,060
51,000
D ec. 31 Chicago . .
21,175
159.000
165.000
240.000
428,400
31,500
Feb.
1 Milwaukee.
D
ulu
th___
296,266
42,714
13,804
13,027
Feb
1
1,331,200
421,680
216’.410
179,910
17,170
Feb. 1 M inneapolis.
49,000'
199.000
74,500
400
Feb.
1 Toledo . .
16,679
22,658)
135,385
Feb. 1 D etroit_____
9,764
72,636
168,298
Feb. 10 Cleveland . .
189,956'
56,225
494,400
777,445
124,800
6,000
Feb. 5 St. Louis___
25,200
187.000
22,000
335,200
84,000
2,000
Jan. 10 P e o r ia _____
377.000
169.000
142,800
Jan. 15a Kansas City.
Jan. 15
Total week
2,872,050
302,816
4,254,167
2,945,783 1,329,574
121,697
Feb. 20
4,443,379
4,021,834
252,888
4,029,763 1,593,040
151,057
Jan. 31 Same wk. ’ 06
3,989,273
240,773
3,786,538
988,223
1,990,708
83,138
Feb. ft Same wk. ’05
Feb.
9
Since Aug. 1
1 9 0 6 -0 7 ... 11,222,021 143,724,401 93,126,599 109,837,036 42,591,913 4,703,106
1 9 0 5 -0 6 ... 10,766,859 158,241,910 96,749,924 131,907,015 53,054,498 5,489,247
Jan. 15
190 4-0 5--- 9,515.875 146,638,639 95,034,515 93,732,401 47,093,451 2,922,201
Feb.
1
Feb.
5
Jan. 15
Total receipts of flour and grain at the seaboard ports for
Feb.
6
Jan. 15 the week ended Jan. 19 1907 follow s:
Jan. 31
Flour,
Wheat,
C om ,
Oats.
Barley,
R ye,
Jan. 31
at—
bbls.
bush.
lush.
bush.
bush.
bush.
Jan
31 Receipts
New
Y
o
r
k
..............
137,093
320,000
460
100
162,000
130,800
Jan. 15
46,308
600,275
U 0.429
90,619
1,375
Jan. 15 B o s t o n ___________
6,678
272,200
A p ril 4 P o rtla n d .......... ..
P
h
iladelph
ia_____
69,289
326,938
328,109
”
55",
638
’2',000
Jan. 19 B altim ore________
57,696
52,521
64,882
588,3(S0
Jan. 11
6,950
10,360
19,818
27,750
Jan. 31 R ic h m o n d ............
___________
Jan.
7 Newport News____ 11,625
New Orleans.a . . .
13,261
56,000
777,666
96,000
171,000
Jan. 26 G alveston.................... ............
N orfolk.................. 10,478
___________
21,429
Feb. 1 M o n tre a l......... ..
2,203
15,035
3,600
13,188
M o b ile .................... 15,543
..................
9,132
126,417
St. J o h n .................
2,838
85,630
9,390
41,733
Feb
1
Total week.........
379,602 1,844,959 .2,646,282
530,599 180,211
27,524
Feb.
1
338,265 2,104,961 6,859,072 1,077,102 341,683
61,092
Jan. 31 Week 1906......... ..
Jan. 31
Jan. 31
a Receipts do not include grain passing through New Orleans for foreign ports
on through bills o f lading.
Total receipts at ports from Jan. 1 to Jan. 19 com pare
as follow s for four years:
l Jan. 26
1 Jan. 17
l.Jan. 29
to
to
to
Fire Insurance.
Commercial Union .
Miscellaneous.
Amalgam ated Copper (qu ar.)....................
E x tra--------------- ---------------------------------American Caramel, com. (quar.)................
E z r a ________________________________
Am erican Chicle, com m o n(m ontlily)___
American Glue, preferred-.........................
Am er. Graphophone, p r e f.(q u .)(N o .4 7 )
American Light & Trac., com . (qu ar.)._
Preferred (qu ar.).....................................
American Locom otive, com m on (qu ar.).
American Writing Paper, preferred_____
Bethlehem Steel Corp., pref. (qu ar.)____
British Columbia Packers’ A ssn ., p r e f ...
Butte Elec. & Pou\, pref. (quar.) (No. 22)
Cambria S t e e l.------------------------- -----------Casein Co., pref. (quir.) (N o. 2 7 )............
Central Dist. & Printing Teleg. (q u a r .)..
Central Fire Works, common____________
P referred _____________________________
Claflin (H . B .), 1st pref. (quar.)................
Second preferred (quar.)
Consolidated Car Heating
Consolidation Coal (quar.)
E x tr a .______ ________________ _______Distillers’ Secur. Corp. (quar.) (No. 17).
Dominion Coal. Ltd ., preferred________
<E .I.)duPont deNem ’ rsPow. .com. (quar)
<lu Pont Intermit. Powder, pref., extraEdison Electric III. (Boston) (qu ar.)___
Electric Bond & Share, pref. (qu ar.)__
Electric Company of Am erica......... ........
Fairm ont C o a l -------------------------------------International Nickel, pref. (qu ar.)_____
Inter. Smokeless P. * Ch., com . (extra ).
In t. Steam Pump. pf. (quar.) (N o. 31).
Jefferson & Clear j if Id Coal <fc Iron, pref..
La Belle Iron W o r k s ..................................
Lord & Taylor, common (quar.)................
Michigan State Telephone, pref. (quar.)
Minneapolis General Electric, qom m on ..
Preferred ................................... ...............
Montana Ore Purchasing ( q u a r .)...........
Extra --------- --------- --------------------------Montreal Light, Heat & Power (q u a r .)...
National Carbon, pref. (quar.)..................
New England Cotton Y a m . pref. (quar.).
New England Tel. <fc Teleg. (quar.)_____
New River C o., preferred (g u a r .) ..............
N . Y . & Queens Elec. & Power, pref____
Omaha Electric Light & Power, pref____
Pacific Coast Co., com m on (qu ar.)-------First preferred (q u a r .)............................
Second preferred (q u a r.)........................
People's Gas Lioht & Coke (guar.)............
Pocahontas Collieries, pref. (quar.)-------Pressed Steel Car, pref. (quar.) (N o. 3 2 ).
Procter & Gamble, common (quar.)............
Pullman Co. (quar.) (N o. 160)--------------Syracuse Lighting, pref. (quar.)------------Tenn. Coal Iron & R R . Co., com . (quar.)
Preferred (qu ar.)......... ........ .......... ........
T orrlngton Co. com m on -----------------------United Bank Note Corp., com. (q u a r .)...
United Copper, com m on (qu ar.)----------Com m on, e x tra .........................................
U. S. Cast Iron P. Ik F d y ., com . (q u a r.).
Preferred (qu ar.).................. ...............- United States R ubber, old pref. (quar.).
First preferred (qu ar.)-----------------------Second preferred (qu ar.)........................
W estern Telephone & Telegraph, p r e f-. .
a Transfer books not closed. 6 Five per cent declared, payable In two install
m ents. d Nine per cent declared for year, payable In quarterly installments.
« Correction. /C ov ers period from N o v * 21. 1904 to May 20 1905: see p 222
Breadstuffs Figures Brought from Page 231.— The state
m ents below are prepared by us from iigures collected by
the New Y ork Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since A ug. 1 for each£of the last three years, have been: gy
Receipts of—
F l o u r .................................bbls
1907.
1,193,895
1900.
1,047,723
1905.
820,576
1904.
1.428,024
W heat............................... bush.
Corn_______________ _________
O a ts.............................................
Barley ............................... ........
R y e ......... ....................................
5.937,584
7,399,143
2,561,702
436,693
89,757
6,660,552
19,940,740
4,874,039
981,402
155,100
1,442,480
12,457,101
1,931,639
546,463
50,169
6,505,065
5,538,480
2,441,779
403,403
153,139
Total g r a in .......... ............ . .. 16,424,879
32,611,833
16,427.852
15,041,806
The exports from the several seaboard ports for the week
ending Jan. 19 1907 are shown in the annexed statement:
Wheat,
Exports from—
bush
New Y ork ........... 125,670
Portland..............
272,200
B o s t o n __________ 111,267
P h ilad elp h ia____ 240,676
Baltim ore_______ 120,000
N orfolk......... ..........................
N ewport News___
______
Charleston______
30,002
New O rlean s___
G alv eston ..........
8,100
M o n tr e a l______
M o b ile _________
St. John, N. B . .
85,030
Flour,
bbls.
36,592
6,678
19,857
21,704
5.973
10,478
11,265
Oats,
bush.
27,630
004,320
209,285
12,651
3,400
5,919
126,417
15,543
2,838
9,142
9,390
41,733
Total week____ 993,545 2,168,904 146,978
Same time 1906.-1,403,860 6,570,770 297,224
52,471
295,025
1,100 41,733
59,987 287,107
C om ,
bush.
490,549
155.091
162,857
398,356
21,429
R ye, Barley, Peas,
bush.
bush.
bush.
1,644
..........
1,749
400
3,960
4,834
The destination o f these exports for the week and since
July 1 1906 is as below:
----------FlourSince
W eek
July 1
Exports for week and Jan. 19.
1906.
since July 1 to—
bbls.
bbls.
United K ingd om ___ 80,240 3,544,177
Con tinent__________ 10,979 1,464,411
So. and Cent. Am er. 5,611
415,666
West In d ie s _______ 42,206
826,433
Brit. No. Am. Cols.
208
57,151
Other Countries____ 2,735
135,858
-Wheal—
------------- Com ------------Since
Since
W eek
July 1
W cck
July 1
Jan. 19.
1906. Jan. 19.
1906.
bush.
bush.
bush.
bush.
626,328 30,479,971 1,060,686 11,962,051
355,952 29,428,115
941,641 16,031,155
10,165
162,504
668
293.221
1,100
9,210
163,383 1,267,504
............
8,000
1,120
52,147
............
376.S03
1,406
153,833
T o t a l . . . ................146,979 6,443,696
993,545 60,464,603 2,168,904 29,759,911
Total 1905-06______ 297,224 6,029,985 1,403,860 31,247,152 6,570,770 55,200.849
The visible supply o f grain, comprising the stocks in
granary at the principal points of accum ulation at lake and
seaboardJports^Jan. 19 1907, was as follows:
Wheat,
b7ish.
New Y o r k ....................... 1,734,000
B o s t o n .............................
458,000
P h iladelph ia..................
756,000
B altim ore___________ __
326,000
New O rleans......... ........
340,000
Galveston______ _____ 606,000
M ontreal____ __________
40,000
T o r o n t o ..... ......................
23,000
Buffalo......... ................... 4,415,000
afloat.............. 4,209,000
Toledo .............................
859,000
D e t r o it ............................
353,000
C h ic a g o ......... ............... 1,114,000
M ilw aukee____________
619,000
Fort W illiam __________ 1,754,000
Port Arthur___________ 1 761,000
“
afloat_______
489,000
D u lu th .................... ........ 3,238,000
Mnneapolis___________ 5,940,000
St. Louis.......................... 3,310,000
Kansas C ity___________ 3,737,000
Peoria_________________
210,000
In d ia n a p olis__________
288,000
On Mississippi R iver------------On L a kes_____________
______
On Canal and R iver—
---------Total
Total
Total
Total
Jan.
Jan.
Jan.
Jan.
19
12
20
21
1907.-45,459,000
l!f07_.40,299,000
1906.-48,779,000
1905.-39,383,000
Corn,
bush.
875,000
107,000
235.000
939,000
895,000
258.000
38,000
120,000
____
450,000
398,000
702,000
230,000
330.000
594.000
588.000
263.000
184.000
------ ____
---------7,272,000
0,499,000
14,223 000
11,512,000
Oats,
bush.
580,000
19,000
112,000
157,000
78,000
108,000
11,000
375,000
1,006,000
908,000
47,000
1,324,000
672,000
Rye,
bush.
8,000
Barley,
bush
55,000
129,000
1.000
65.000
448,000
200,000
IS,000
25,000
527,000
SO,000
1,222.000
380.00
1,000
726.000
3,936,000
425.000
116.000
986,000
45,000
160,000
79.000
33.000
196.000
455.000
15,000
12.231.000
12 507 000
27.315.000
19.351.000
1 726,000
1.751.000
2.451.000
1.986.000
2.922.000
2 923 000
5.502.00
5 911,000
134.000
399,000
THE CHRONICLE
202
Statement of New York City Clearing-House Banks.The follow ing statem ent shows the condition o f the New
Y ork City Clearing-House banks for the w eekending Jan. 19.
It should be distinctly understood that as to all items except
capital and surplus the figures are the averages o f the daily
results, not the totals at the end o f the week. In other
w ords, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre
gate o f the am ounts for the several days o f the week and
divide this aggregate b y the num ber o f days.
W e omit two ciphers (00) in all cases.
Banks
00s omitted.
Capital.
Surplus.
Bank of N. Y ._
Manhattan C o.
Merchants’ -----Mechanics’ ____
A m e r ic a ............
Phenix - ............
C ity .....................
Chemical______
Merchants’ E x .
G allatin -............
B u tch.& D rove.
M ech.&Traders’
G re e n w ic h ____
Am er. E x ch ___
Com m erce_____
M erca n tile___
Pacific _______
Chatham ______
People’s - __
N orth Am erica.
H a n o v e r...........
Irving . _ _ .
Citizens’ C e n t..
Nassau . . . - - .
M arket& Fult’n
M etropolitan . .
C om Exchange.
O rie n t a l______
Im p.& Traders’ .
Park . _______
East R iver____
F o u r t h _______
Second ______
F i r s t __________
N . Y . Nat. E x .
B o w e r y _______
N . Y . C o u n ty ..
German-Amer .
Chase..................
Fifth A v e n u e ..
German E x c h ..
G erm an ia_____
Lincoln _______
G arfield_______
F i f t h __________
M e tro p o lis____
W est S id e ___
Seaboard______
1st N at., B ’ klyn
Liberty ..............
N . Y. Prod. Ex.
New Am ster___
Astor ________
S t a t e __________
$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
500,0
450,0
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
300,0
10,000,0
1,000,0
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
1.000,0
1.000.0
350,0
1,000,0
$
2,956,2
2,863,7
1,490,0
3,680,6
4,083,8
375,1
20,663,4
7,914,6
485.4
2,353,2
157,3
386,9
646.9
4.607,3
13,811.8
4,711,9
772,7
1,018.2
466,3
2,197,8
7,850,7
1,157,8
860,5
352,5
1,518,4
809.2
4,767,6
1,202,9
7,030,9
8,144,2
123,4
3,083,1
1.777,8
18,109,2
910,4
778,2
840,7
603,8
4,159,6
1,840,5
814,1
936,5
1,470,4
1,391,1
456,6
1,660,3
846,2
1,260.1
685,3
2.224,9
571,4
280,9
727,7
564,0
Loans.
Specie.
Legals. Deposits, a R es’rve
$
S
17,641,0
2,932,0
4,414,0
21,272,0
12,583,7
2,909,0
19,513,0
2,433,0
22,525,0
3,926,9
7.263,0
1,509,0
134,990,4 26,976,1
23,157,8
3,889,1
5,923,6
1,210,5
8.269,4
881,5
2,229,2
579,3
6.523,0
870,0
5,559,7
1,062,8
26,923,6
4,500,5
140,565,6 19.246,5
2,560,2
20,032,1
3,383,7
339,0
5,685,5
681,8
177,3
2,053,9
16,439.7
2,733,5
9,947,3
55,723,1
875,7
4,959,0
19,899,2
3,192,1
3,346,5
344,6
7,051,6
1,264,6
10,996,7
2,574,5
36,375,0
6,065,0
10,090,2
2,192,3
25,194,5
4,303,0
68.246,0 15,363,0
1,300,8
262,6
18,432,1
2,857,2
9,945,0
1,033,0
91,650,9 18,311,9
13,486,8
3,045,6
3,926,0
622,0
5,007,0
1,053,3
4,146,5
892,8
50,244,6 12,471,1
11.283,5
2,703,6
3,210,1
150,0
4,767,5
510,5
14,842,1
2,406,9
7,432,4
1,778,3
3,050,2
510,2
10,549,9
685,0
4,171,0
533,0
17,417,0
3,809,0
5,031,0
709,0
10,944,0
1,735,2
1.215,6
6,078,6
5,161,6
731,7
5,090,0
1,054,0
12.382,0
3,575,0
S
1,539,0
2,473,0
920,3
2,335,0
2,558,1
124,0
11.963,7
1,887,2
304,9
626,6
61,2
956,0
362,4
1,256,3
11,407.9
1,219,7
557,1
854,8
529,9
1,401,3
6,993,5
331,0
1,904,5
595,5
578,2
271,0
4,833,0
479,9
1,245,0
6,175,0
160,0
2,375,2
1,304,0
2,186,3
753,0
246,0
526,6
180,3
1,248,9
578,3
895,0
735,8
1,675,8
318,2
229,8
1,454.5
527,0
1.719,0
587,0
602,2
• 417.9
557,9
247,0
188,0
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
6,480,8 21.7
20,221.6 28.4
118,372,4 28.9
15,969,0 23.6
4,076,5 21.9
5,694,8 26.9
2,559,0 27.6
15,794,3 26.1
64,559,5 26.2
4,721,0 25.5
19,772,7 25.7
3,872,9 24.2
6,798,7 27.1
11,381,8 25.0
41,983,0 25.9
10,837,8 24.7
22,299,0 24.8
78,417,0 27.5
1,568,8 26.9
20,191,3 25.9
9,429,0 24.7
76,819,0 26.6
13,774,5 27.5
4,324,0 20.0
6,048,0 26.1
4,165,2 25.7
54,221,3 25.3
12,544,0 26.1
4,311,6 24.2
5,734,5 21.7
16,274,8 25.0
7,938,5 26.4
3,096,7 23.8
10,222,5 20.9
4,368,0 24.2
20,709.0 26.6
5,121,0 25.3
9,026,6 25.8
6,887,2 23.7
5,856,6 22.0
5,075,0 25.6
14,982,0 25.0
T o t a ls ______ 124,250,0 155.454.0 1063,957,3 192,610,6 86,458,7 1042,434,4 26.7
a
a Total tinted States deposits included. $16,537,300-
Banks.
Capital.
Sur
plus.
N. Y . City.
Boroughs of
M an.& B r’x .
S
$
100,0
Wash. H ’g’ ts
168,8
Century -----200,0
152,6
Chelsea Exch
98,8
100,0
100,0
405,4
C o lo n ia l____
C olu m bia___
436.7
300,0
Consol. N at. 1,000,0 1,122,4
148,4
F i d e l it y -----200,0
168,1
14th S tre e t.500,0
H a m ilton __
225,7
200,0
Jefferson____
635,0
500.0
189.3
Mt. M orris..
250,0
M u tu al_____
200.0
260.9
250,8
19th W a r d ..
200.0
100,0
318,3
P l a z a ______
R iv ersid e___
100.0
108,5
200.0
200.2
12th W a r d ..
164,9
23d W a r d .. .
100,0
750,0
Union E x ch .
789,3
383.2
100,0
Y ork vi l i e ___
550,9
Coal & I. Nat
500,0
34th S t.N at.
200,0
204,3
B att.Pk.N at.
200,0
116,5
Loans,
and
Invest
ments.
W e omit two ciphers (00) in all these figures.
Banks.
New York
D ec. 2 2 ..
D ec. 2 9 ..
Jan. 5 -Jan. 1 2 ..
Jan. 1 9 ..
Boston.
D ec. 2 9 ..
Jan. 5 - Jan. 1 2 ..
Jan. 1 9 ..
Phila.
D ec. 2 9 ..
Jan. 5 - .
Jan. 1 2 ..
Jan. 19--
Capital
and
Surplus.
Loans.
Specie.
$
279,782,3
278,792,3
279,782,3
279,714,0
279,704,0
$
1027,183.3
1032,973,0
1049,667,5
1048.808,7
1063,957,3
$
176,627,6
179,323,0
172,951,4
177,601,6
192,610,6
43,680,0
43,680,0
43,680,0
43,680,0
183,439,0
178,521,0
180,671,0
183,389,0
15.160,0
15,748,0
15,367,0
16,881,0
51,165,0
51,165,0
51,165,0
51.165,0
218,194,0
217,221,0
217,770,0
218,774,0
Clearings.
S
$
$
$
69,565.5 971,648.8 53,525,6 2,414,023,5
71,371,5 981,301,1 53,670,8 1.722,704,0
77,341,0 1000,578,3 53,664,2 2,125,942,2
83,269,7 1008,922,4 53,690,9 2,223,955,2
86,458,7 1042,434,4 53,631.9 2.181.845,2
6,094,0
6,265,0
6,062,0
5,972,0
53,760,0
57,806,0
57,355,0
59,008,0
204,569,0
214,861,0
216,902,0
228,918,0
8,687,0
8,656,0
8,654,0
8,477,0
133,627,7
199,483,6
206,504,6
235,527,1
247,041,0
250,944,0
248,700,0
246,851.0
14,041,0
14.057,0
14,027,0
13,955,0
136,443,1
156,237,8
146,917.0
150,332,2
a Including for Boston and Philadelphia the item "due to other banks” and also
Government deposits. For Boston these Government deposits am ounted on Jan.
19 to $4,621,000: on Jan. 12 to $4,616,000.
Imports and Exports for the Week.— The follow ing are
the im ports at New Y ork for the week ending Jan. 19; also
totals since the beginning o f the first week in January:
F O R E IG N IM PO RTS A T N E W Y O R K .
F or week.
1907.
1904.
$3,582,056
8,646,901
$2,891,196
9,721.261
$2,653,414
9,430,976
$14,769,859
$12,228,957
$12,612,457
$12,084,390
$11,369,400
36,318,076
$10,565,717
27,930.828
$9,495,797
30,425.069
$8,720,269
28,341.717
$47,687,476
$38,496,545
$39,920,866
$37,061,986
Since January 1.
Total 3 w e e k s ____________
1905.
1906.
$3,969,145
10,800,714
The follow ing is a statement of the exports (exclusive of
specie) from the port o f New Y ork to foreign ports for the
week ending Jan. 19 and from Jan. 1 to date:
E X P O R T S FR O M N E W Y O R K F O R T H E W E E K .
For the w eek_____ __________
Previously reported________
1907.
1906.
1905.
1904.
$13,557,452
24,212,612
$12,286,905
26.641,602
$10,874,296
19,305,866
$12,564,473
19,994,823
$37,770,064
$38,928,507
$30,180,162
$32,559,296
The follow ing table shows the exports and im ports o f
specie at the port of New Y ork for the w eekending Jan. 19
and since Jan. 1 1907, and for the corresponding periods in
1906 and 1905:
Clear
ing
Agent.
Other
N et
Banks, Deposits.
&c.
S
28,5
47,6
49,4
344,7
264,0
192,4
61,3
495,1
209,7
291,4
136,9
371.7
332,3
215,0
139.5
205,0
164,2
170,7
304,1
215,0
6,1
19,1
Borough of
Brooklyn.
B o r o u g h ___
200.0
150,0 2.786,2
Broadway . .
150,0
408.5 2,718.4
B r o o k ly n ___
164.0 1.931,8
300.0
252,0
702.9 4.813,1
M frs.’ Mat—
943,8 10,546,0
Mechanics’ . . 1,000,0
Nassau Nat .
750,0
894.6 6.453,0
Nat. C ity___
300,0
638,0 3.211,0
North S id e ..
209,1 1,696,5
100,0
U n ion ______ 1,000.0 1,077,1 11,689,0
53,3
22,8
154,2
370,0
328,0
234.0
128.0
29,5
274,0
216,8
192,2
81.8
168,6
806.3
484,0
304,0
105,5
548,0
120,9 3,067,5
153,7
232,6
98,1 2,894.4
34,4 2,188.6
250,8
681,9
165,5 5.153,8
1,148.6
171.5 12,692,2
1,007.0
6.153,0
449,0
" 96.0 3.641,0
55,0
209,0 1,852,7
1.216,0 1,002.0 13,375,0
Jersey City.
First N a t .. .
H ud.C o. Nat.
Third N a t...-
400,0 1,163,2
250.0
703,6
200,0
331,5
4,136,7
2,737,8
1,855,8
202,6
108,3
49,2
342,9
91,8
87,2
2,945,6
205,5
525,2
335.0
135,3
26.8
6,322,3
2,478,6
2.211,8
H oboken.
First N at___
Second N at.
110.0
125,0
2,370,7
1,573.1
159,9
47,3
32,4
63,7
209,7
77,7
86,7
142,6
2,219 2
i!764,6
$
80,1
83,8
42,1
563,3
455,0
294,0
81,5
314,5
174,4
166,5
245,7
154,1
151,2
197,0
139,3
241,0
130,7
65,8
135,6
615.0
85,5
33.4
Imports.
Exports.
Gold.
Since Jan. 1
W eek.
Week.
Since Jan. I
$365
Deposit with
$
13,2
29,5
66,3
107,8
293,0
630,6
17,7
43,2
256,3
10,1
105,2
25.9
22,7
231,0
20,3
42,0
73.7
341,4
48,6
559,0
330.0
89,9
$
" 32 ,8
126,4
197,7
263,0
140,8
210.0
188,1
58.0
61,1
_____
_____
155,2
111,7
600,0
43,0
60,0
11,2
.........
$
742.5
1,267.7
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
1,874.3
2.732,0
2,100,9
7.750,1
3,641,2
4,084,0
1,502,7
562,9
T ot. Jan 19- j 11237.0! 15257.3 134175.4 5,518,5 7.788.9 13.607,8 4,88?,8 142284,7
Tot. Jan. 12. 11237.0j 15257,31133256,6 5,857,1 8,106.1 13,843,2 5,146,?] 142568,1
T ot. Jan. 5. 11237,0 15257.3 132616,2 5,597,0 7,818,1 14.308,8 5,074,5 141913,9
i
Legals. Deposits, a Circu
lation.
Great B r it a in ________
$
905,8
1,329,8
995,5
4.244,9
5,969,0
7.510,9
1.041,7
5,820,4
5,288,7
4,202,0
2,564,6
3,448,6
4,407,6
4,100,0
1,575,8
2.350,0
1,748,7
8,101,1
3,234,5
4.651,0
1.386,1
779,6
578.7
193,3
.
E X P O R T S A N D IM PO R TS O F SPEC IE A T N E W Y O R K .
W e omit two ciphers (00) in all cases.
i Legal
Tender
Specie.
and
Bank
Notes.
l x x x iv
New York City, Boston and Philadelphia Banks.— Below is
a summ ary of the weekly returns of the Clearing-House banks
o f New Y ork City, Boston and Philadelphia. The New Y ork
figures do not include results for non-m em ber banks:
""•Reports of Non-Member Banks.— The follow ing is the
statem ent of condition of the non-m em ber banks for the
week ending Jan. 19 1907, based on average daily results.
|
[V ol.
South Am erica____________________
All other countries______
Total 1907-....................
Total 1906______ _____
Total 1905.........................
Silver.
Great B r it a in ....... .......... ..
$6,800
$221,675
250,000
* 251,940
$4,482
4,688
78,866
6,000
44,137
15.001
162,274
20,071
$256,800
2,000
2,942,932
$473,615
536,000
7,767,432
$94,036
58,358
52,959
$241,848
119,011
106,263
$242,883
$1,174,322
$1,022
$1,022
1,000
1,847
534
28,612
1.021
4,255
81.492
125.292
$243,883
1,507,039
828.080
$1,176,169
3,521,448
2,208.478
$31,189
123.572
25,001
$212,061
185.297
38.622
W est I n d ie s ..................
South A m e r ic a ________
T otal 1 9 0 7 .................
Total 1906..........................................
Total 1905-----------------------------------
Of the above im ports for the week in 1907, S7.604
were American gold coin and $1,187 American siiver coin.
Of the exports during the same time $256,800 were Ameri
can gold coin and 1,000 were American silver coin.
ISanlUng and Financial.
W r it e f o r copy o f our 12 page oircular of C o m p a r a t i v e V a l u e *
o f R a i l r o a d B o n d s describing aiout 60 issues listed upon t h e
N. Y. Stock Exchange Felling at less than par value, with high
and low range since January 1 1905
Spencer
& Co*
T ra sk
Branct Office, Albany, N.Y. William and Pi«© Sts., New Tort.
M
o
f
f
a
&
t
W
T Iem ber* N ew Y o r k S to r k
5 N A SS A U S T R E E T .
D e a le r s in
C O M M 18S
h i t e
E x ch a n ge.
H A N O V E R B A N K B U IL D IN G
In v e s tm e n t S e cu ritie s.
ON O R D E R S E X E
UTKD
FOR CASH
ONLY
For Dividends set page 200.
Wall Street, Friday Night, Jan. 25 1907.
The Money Market and Financial Situation.— W e referred
last week to the easier m oney market conditions at all finan
cial centres. This im portant feature of the general situa
tion has continued in force, and thus one of the disturbing
influences of recent months in W all Street was rem oved
As a result the security markets have assumed a more normal
con d ition , although the volum e of business continues lim ited.
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 m oney market to-da y and led
to a general decline in the stock market.
Some houses are reporting m ore inquiry from investors
but actual sales show little, if an y, increase. The latter is
not to be wondered at, perhaps, when it is remembered that
the average investor finds it hard to com prehend 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 b y a railway com pany sadly in need of ad
ditional rolling stock to handle the traffic pressing upon it.
The m atter is still harder to understand in view of the fact
that the road in question traverses a section of the 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 developm ent of
the country has been such as to render w holly inadequate the
facilities o f the road, which until recently were ample.
The open market rates for call loans on the Stock E x
change during the week on stock and bond collaterals have
ranged from 2 to 4 % . T o-d a y ’s rates on call were
33*2@4%. Prime commercial paper quoted at 5 % @ 6 3 4 %
for endorsements and 5 % @ 6 3 4 % f ° r best single names.
The Bank of England weekly statem ent on Thursday
showed an increase in bullion of £1,438,701; the percentage
o f 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 2,650,000 francs
in gold and a decrease of 3,100,000 francs in silver.
N E W Y O R K C IT Y CL E A R IN G -H O U SE B A N K S.
I
1 DiJlerences
j
from
| previous week.
1907.
Jan. 19.
S
124,250,000
$
___________
Loans and discounts. - . 1.063,957.300 Inc. 15,148,600
C ir c u la tio n ....................
53,631.900'D ec.
59,000
al042.434,400 Inc. 33.512,000
192.610.600 Inc. 15,009,000
86.458,700 Inc. 3,189,000
1906.
Jan. 20
18,460.700|lnc.
1905.
Jan. 21.
$
$
'•!
115,972,700
116,472,700
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
189.968,300 224.029.800
90,657,800
84,138,600
279.069,300 Inc. 18,198,000
260.608.600 Inc
8.378,000
Surplus reserve.........
274,106,900
257,342,325
314,687.600
290.953.800
16,764.575
23,733.800
9.820.000
a $16,537,300 United States deposits included, against $16,510,300 last week and
$8,495,200 the corresponding week in 1906. W ith these United States deposits
elim inated, the surplus reserve would be $22,595,025 on January 19 and $12,768,275
on January 12.
N ote.— Returns of separate banks appear on the preceding page.
Foreign Exchange.— The market was strong early in the
week bu t it subsequently declined, influenced b y an over
bought condition, and b y a com paratively light demand,
owing to slow mails; the tone was barely steady at the close.
T o-d a y ’s (Friday’s) nominal rates for sterling exchange were
4 8 2 @ 4 82J^ for sixty day and 4 863^ for sight. T o-d a y ’s
(F riday’s) actual rates for sterling exchange were 4 81 50 @
4 8165 for long, 4 8 5 60 @ 4 8565 for short and 4 86 25 @ 4 8635
for cables. Commercial on banks 4 81 @ 4 8115 and docu
ments for paym ent 4 8 0 65 @ 4 8165. Cotton for payment
4 8 0 65 @ 4 8070, cotton for acceptance 4 81 @ 4 8115, and
grain for paym ent 4 81 60 @ 4 8165.
T o-d a y ’s (F riday’s) actual rates for Paris bankers’ francs
were 5 2 1 % @ 5 21 34a for long and 5 1 8 % /i@ 5 18% a for
short. Germany banker’s marks were 94 1 -1 6 @ 9 4 % for
long and 9 4 % d @ 9 4 % for short. Amsterdam bankers’ guil
ders were 40 0 7 @ 4 0 09 for short.
Exchange at Paris on London to-d a y, 25 f. 223^c.; w eek’s
range, 25 f. 23c. high and 25 f. 223^c. low.
The w eek’s range for exchange rates follow s:
LongSterling Actual—
H igh............4 8175
<9 4 82
L o w ______ 4 8130
@ 4 8135
Paris Bankers' Francs—
H igh............5 21J4
<®5 21% a
L o w ............5 2X14
@ 5 21%
Oermany Bankers' M arks—
H igh............94 1-16
94H
L o w ______ 94
@ 94H
Amsterdam Bankers’ Guilders—
H igh ...................................................
L o w ______
__________________
Less:
Plus:
a 1-16 of 1% .
k 1-16 of 1 % .
Short-----------I4 8595
14 8560
@ 4 8610
@ 4 8565
15 18%ft
15 19%
@ 5 18% a
@ 5 18% a
j 4 8665
|4 8625
@ 4 8675
@ 4 8635
I 94 %
@ 94 13-16
I 94 11-16 @ 94 %
1 40 07
1 40 d
d 1-32 o f 1% .
X 1-32 of 1%
@ 40 09
@ 40ft
ft 3-32 o f 1 % .
V 3-32 o f 1% .
The follow ing were the rates for dom estic exchange on
New Y ork at the undermentioned cities to-da y: Savannah
buying 50c. per S I,000 discount; selling 75c. per $1,000
premium. Charleston selling $1 per $1,000 premium. New
Orleans bank 40c. per $1,000 premium; commercial 10c. per
$1,000 premium. Chicago 10c. per $1,000 discount. St.
Louis 15c. per $1,000 premium. San Francisco 50c. per
$1,000 premium.
203
THE CHRONICLE.
J a n . 26 1907 J
State and Railroad Bonds.— Sales o f State bonds at the
Board $15,000 Virginia 6s deferred trust receipts at 20.
The transactions in railway bonds have been on a lim ited
scale throughout the week. A few issues showed a little
activity bu t the list as a whole has been neglected. Price
changes, are in most cases fractional and unim portant.
■Am ong the exceptional features are some of the industrial
issues, including American T obacco and United States Steel,
which have advanced a point or more.
United States Bonds.— Sales of G overnm ent bonds at the
Board include only $10,000 3s cou p ., 1908-18, at 103. The
follow ing are the daily closing quotations; for yearly range
see third page following.
2s,
3s,
3s,
3s,
4s,
4s.
4s,
4s,
2s,
1930-------------------- coupon
1908-1918--------registered
1908-1918_______ coupon
1908-1918--sm all coupon
1907 __________registered
1907.................... -.c o u p o n
1925 __________registered
1925_____ _____ -.co u p o n
1936.Panama Canal coup.
Interest
Periods
Jan.
19
Jan.
21
Jan.
22
Jan.
23
Jan.
24
Jan.
25
Q— J an
Q— Jan
Q— Feb
Q— Feb
Q— Feb
Q— Jan
Q— Jan
Q— Feb
Q— Feb
Q— N ov
*104%
*104%
*102
*102%
*102 %
* 100%
*100%
*128%
*128%
*103%
*104%
*104%
*102
*102%
*102 %
*100%
*100%
*128%
*129%
*103%
*104%
*104%
*102
*102%
*102%
*100%
*100%
*128%
*129%
*103%
*104%
*104%
*102
103
*102%
*100%
*100%
*128%
*129%
*103%
*104%
*104%
*102
*102%
*102%
*100%
*100%
*128%
*129%
*103%
*104%
*104%
*102
*102%
*102%
*100%
*100%
*128%
*129%
*103%
* This Is the price bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.— The stock m arket
was active and irregular during the early part of the week but
later became dull and relatively steady. A bout 1,400,000
shares were traded in on Monday and fluctuations were wide
in m any cases. The volum e of business steadily declined to
but little more than 1-3 that am ount on Thursday and the
m ovem ent of prices was reduced to a much narrower range.
T o-d a y ’s market was w eak, as noted above, on a firmer
m oney market, a new legal action against Great Northern
and liberal offerings for both long and short accounts.
A t last n igh t’s close St. Paul had recovered a considerable
part of the violent decline noted last week. North W estern
had also been a notably strong feature. Great Northern
and Northern Pacific were the prom inent railway issues that
fluctuated widely; Canadian Pacific showed a notable loss,
closing 7 points lower than last w eek.
Some of the industrial issues, n otably 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 w ithout net change.
United States Steel preferred is up over a point.
As a result of the week’s operations, 12 active and prom i
nent issues are higher and 12 are lower than last week.
For daily volume of business see page 211.
The follow ing sales have occurred this week of shares not
represented in our detailed list on the pages which follow :
STOCKS.
W eek ending Jan. 25.
Sales
lor
Week.
Range 1or week.
Lowest.
A lice M in in g ....... ............
500 $6% Jan
10(1 19 Jan
Bethlehem Steel Corp__
Preferred ___________
100 61 Jan
Chic Mllw & St Paul installm’ t ctfs 10% paid
80(1 136 Jan
do pfd ctfs 10% paid 3,200 146 Jan
Com stock T u n n e l--------- 35,700 39c. Jan
20(1 75 Jan
Distill of Am er., pref—
General C h e m ic a l-----1001 74% Jan
P referred------------------ion 102 Jan
Ingersoll-Rand - —
10(1 60 Jan
K eokuk & Des Moines. _
10C 11 Jan
K nickerbocker Ice, pref.
100 65% Jan
N Y & N J T eleph on e.. .
81 111 Jan
R i g h t s ______________ 4,356
4 Jan
Ontario Silver Mining__ 4.750 634Jan
Sears, R oebuck & C o., pf
100 9334Jan
Southern— M & O stock
trust certificates_____
100 97 Jan
Standard M in ino.............
100 $3%Jan
Range Since Jan. 1.
Highest.
Lowest.
22 $734Jan
24 19 Jan
22 61 Jan
24
24
22
6%
1834
61
138%Jan
148%Jan
41c. Jan
75 Jan
74% Jan
102 Jan
60 Jan
11 Jan
65% Jan
11414 Jan
4% Jan
73^Jan
9334Jan
23
22
24
24
22
22
24
21
19
24
25
23
22
136
146
30c.
75
74%
10034
GO
11
65%
111
3%
4%
9334
19
19
21
22
22
22
24
11
19
23
21
19
22
24 97 Jan 24 97
25 *3% Jan 25 S2.no
Highest.
Jan
734
Jan 20H
Jan 65
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
J an
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
1
Jan
.Tan
141
149
43c.
75
7534
102
60
11
68%
115
434
8%
94
Jan 97
Jan *3.70
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
a strong tone,with the m ovem ent o f values to a higher level.
British Columbia Copper dropped from 1134 to 9 % and 011
the announcement of an increase in the capital broke to 7 % .
It m oved up again and to-day reached 12, closing at 1134Trinity Copper,after a decline from 37 to 3 4 % on Saturday,
ran up to 423^ and ends the week at 41. Greene Consoli
dated Copper lost a point to 29 3^ bu t advanced to 31% and
closed to-day at 313^. United Copper com m on was strong
and after losing a point to 7034 m oved up to 74, closing to
day at 7 3 % . Boston Consolidated sank from 303^ to 2 9 % ,
advanced to 3 1 % , easing off finally to 31. D avis-D aly
Estates went up from 17% to 1 8 % , reacting to 18. E ly Con
solidated dropped from 3 to \y2 but later recovered to 2 % .
Tennessee Copper from 49 % reached 5 1 % ,then dropped to
4 7 % , recovering finally to 49. Utah Copper advanced from
3 8 % to 40% but declined subsequently to 393^. Nipissing
was active and ran up from 13% to 14J4 , sank to 12% and
closes to-day at 13. American Can preferred sold up from
5 1 % to 53 and Am erican W riting Paper preferred from 25 to
26.
Havanna T obacco com m on, after selling between 12%
and 12 % , jum ped to 14. International Salt advanced 2
points to 20. Mackay Companies shares were this week
tarnsferred to the Stock Exchange. Manhattan Transit
sank from 6 % to 4 % , recovering to 5. Western Ice advanced
4 points to 31 % , closing to-day at 30. Standard Oil from 534
rose to 539, dropped to 530, recovering finally to 535. W aterbury Com pany was strong and sold up from 4 2 % to 4434 Outside quotations will be found on page 211.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
l»C C U I * Y W «
S T O C K S -- m o H E S T A N D L O W E S T S A L E P R I C E S
S a tv t '<iay
J a n 19
M on d a y
Jan 21
Tries d a y
Jan 22
IV e d n ts d a y
J a n 23
T h u r sa a y
J a n 24
f r 1 ia u
Jan 25
TW O
P A «E S
STO C K S
N E W Y O R K STOCK
EXCHANGE
ian ye ror F r e m o n t
kanrje tor Year i y 07
Sates 01
On basis 0! lOO -share cot*
Year ( 1 UU6
the
W eek
H xih ext
Lowest
H iahest I Lowest
Share*
R s iilr o a d * .
103 7« 105*4 1 0 4 34 1 0 5 l4 103*4 1043. * tch . T o p e k a & S a n ta Fe 157,600 I 0 2 34 Jan 19 108*4 Jan 7 85*8 May i 10 Si s ep
1023^ 104
1 0 2 34 104 S2 103 7s 1C5
Dec 106 J an
1,74(
99 Jan 2 1 0 1> Jan t'- r98
*100
i »B o ' p r e f...................
1003o l 0 i>Ss:?1 0 0 s. 101
101
100 1 (0
100^4 10034 1 0 0 *4 1 0 1
4,168 124 Si J a n r'o 133 *8 Jan 5 131 *s J 'ly 1 6 7 'u Jan
1251« 125\ 126 127
127Si 128
127 Si 127Si ‘ 126*2 128*2 124 H; 12 6 34 A tla n tic Coast L in e R 8 ..
122
Jan
6
105*4
'lay 1>: *« Sep
24,97-:
116
Jan
l
;
!
B
a
ltim
ore
ife
O
h
i
o
...........
117
S
.
l l * . 34 1 1 7 \
l i e H i m 5* 117*4 1 1 7 34 11634 117S< 117*4
117
116
250 93 Jan 3 94 2 J an n 9 1 O ct 99Hs '7'ill
94
*93
*9 5
94
$93
93
94
93*3 93 S, 1 > Do p r e f..........................
*93
94
*93
71
J
’ ly 9 i - J an
7
b
o
^
J
uu
79,250
74
't
Jan
21
7
3
^
7734
B
ro
o
k
ly
n
R
a
w
d
T
r
a
n
s
it
..
7738
7734
7
0
3*
.
76
Si
74®3
75
7
a
77
Si
78i4
73*8
7 6 34
1 2 1 N ov 153 -v •'<ep
.....
*116 125 *115 120 B u ffalo R o c h e s te r & P it t s
*115 125
♦115 125
*115 125
125
*115
‘ T o o 135 J a n 4 135 Jan " 4 I 9 Si Snv lf>i D e c
D o p r e f ..........................
*130 14 2 Si *130 1 4 2 S. *130 142*2 *130 . . . . . . *130 14 2*2
•130 165
.. .
•80
88
85
80
85 Jan 26 85 Jan 2 ; 83 Jan 87 / Keb
Buffalo <fe s u s q n e , p r e l .. .
33
88
*80
•80
88
*80
88
*80
184 V, 186 V. 186H>187H: 186% iv 7 * l 1 8 3 34 186 Si 134 1 8 5 36 I 8 OS1 13434 / 'a n adlan P a c ific ............. 75,850 1S')Si .Ian 25 195 *2 Tan ~4 1553s -'lay .'('l u, Deo
10
64 >2 Jan 22 no Si Jan 1 A (i i *g.T’llf 70 7« J au
*64
64 Si 64 Si *63a4 64 34 * 6 3 34 64 Si * 63 *s 64 Si ' anada S o u th e r n .............
* 6 3 Si 05
65*4
100 ,b21 i > Jan 2 219 Si Jan 2 204 May 23.*‘ 8 i I a 7
*210 218 C en tral o f N e w J e r s e y ...
*210 218
*2118 215
*208 215
**05 215 * 2 1 0 210
52*, 52 Si
51 *3 5 1 34 C h esapeake <fe O h io ........... 14,0i‘0 5038 Jan 1" 56 J a n 0 51 Si N ov 6 mA u g
5 1 34 5 1 34
5034 52 Si
5 134 5 2 l4
6 0 \ f>l34
*.......... 27
I'M) 24 Si Jan 16 2 7 *3 iau 6 25 *8 Sep ;< 3^ <)c t
25
* 24
27
27
25 C h ica g o & A lt o n R R .......
27
*20
*20
*20
25
♦
*
t
500 66 Jan 2 ' 69 Jan 5 70 D e c 77 *4 O ct
•
70
66
66
67
70
70
67
D o p r e f..........................
69
3,00ii
16 Jan 19 18 Jan 0 16 J ’ne 23*8 Jan
16*2 16*2 C h ica go threat W e s te r n ..
1634 163j "l6 * 3 1634 ' 1*6=8 17
’ *16" 16*4 '*1*6 % 16*51
200 77 Jan 21 77 J a n 21 79S iS ep 36 Si J an
D o 4 p. c. d e b e n tu re s
77
77
*77 Si 7 9 14 *77 Si 7 9 34 *77 Si 79*4 *77 Si 79*4
77
*?5
*70*4
*
7
0
34
69*2
Jan 16 71 *2 J an 9 70 D ec 80 Jan
7 1 34
7134
*09
D o 5 p. c. p re f. “ A ” ..
71 s4 *70»4 71 34 * 7 0 34 7 134
*69
* 9*0*0 23*4 J a n 21 26*8 Jan 5 24 7g N ov 3 9 ^ Jan
23 *4 23*4
D o 4 p. c. p re f. “ B ” ..
23
24
23*4 23 34 *23®4 24 Si *23 >4 24 H ♦2314 24*4
201,355
1503
4
150
146:is
150*4
1
5
0
7
g
C
h
ica
go
M
ilw
.
&
St.
Paul.
1
15*»
Jan
19 i57S i Jail 14 tl46 Si Dec 199% D eo
1
4
6
s8
149*4
1
4
8
h
149*a
1
5
0
:,4
145 *s 148
2,621 159 J a n 19 ibSHi Jan 5 j l 6 0 D ec 2 1s A u g
163 164
*162 165
16 !■*s 162 “j 162*3163
162
162
D o p r e f ..........................
169 161
9.H03 32 J a n 19 35'S Jan 5 32*3 D e c 33 Si D ec
32 Si 33
D o s u b s c rip w ar’n t s h
33
33
32
32 Si
3 3 14 33*4
33*4
33*4
33*8 333 b
189 h. C h ica g o <fc N o rth W estern 11,682 186 Jan 18 ■205 J an 10 192 A p r 240 J an
190 Si 19138 188
189 S2190*4 190 1*1
18t>34 187*4 187 189
116 226 Jan 8 234 Jan 10 226 A u g 270 M ar
*229 234
*226 234
{2 2 7 227
*227 234
D o u r e f..........................
233 233
24,665 17 J a n 18
171. 1 £
mu 93
1 734 18*8
17:<8 17 7S
1 734 13*8
*1*7H *1*7 *4
17*4 1 734
500 160 j ;tn 21 17o Jan 8 168 J ’ne 198 Jan
*160 l b 5
*160 165
*160 170
Chic. St. P. > lin n . & O m .
160 163 Si 163 Si 163 *2 *160 165
200 160 Jan 18 165 Jan 19 175 N o v 202 J an
*160 180
*160 180
*160 ISO
165 165
‘ 165 176
*160 180
D o p r e f..........................
110
934 A.pr 18*4 J a n
*9
12 C h ica go T e r iu ’ l T r a n sfe r .
0 Jan 19
•9*2 12
9 S; Jan 18
12
*9
12
9
' *9
12
9
. '9
*22
......
*22
28
28
23Si Jan 18 25 Jan 11 25 D ec 42 *4 J a n
29
‘ 22
*22
28
D o p r e f..........................
*22
28
523
23
600
3 78 M ay 1334 FeD
5*2
*5'-4
*5*4
5 Jan 21
5
5
5
5*3 C h icago U n io n T r a c tio n .
5 34 Jan 9
5 *2
5*4
*5
5*4
5*4
1,000 ’16*3 Jan 21 193^ Jan 9 l l 7s J ’ ly 47 Si
1 7 34
17 Si 17*4 *17
16 Hi 17*4 *17
D o p r e f ..........................
1 7 34 ♦16*3 18
17*4 1 7 ^
1,700 88 Jan 25 9 j 78 Ja n 7 89 D ec 1 0 9 7s Jan
83
90 C leve. Cm . Ch ic. & St. L .
* 88*3 90
89
90
88
*83
80 S, *89
89 Si 90
......... 107 i* J a n 7 103 *3 Jan 7 110 J ’ly 118 J a n
*109 110
*109 110
*109 110 *109 109*4 *103*2 109
D o p r e f..........................
*1 0 8 Si 110
5,600 35*, j a n 19 3 8 7s J a n 9 29*2 Jan
3t)
36Si 36 7s
4 L O cc
36*-i C olorad o & S o u t h e r n ___
36^, 3 6 78
36*4
36
3 6 4 37
3534 36 S.
600 66 *4 Jan 21 69H< Jan 7 66*3 A p r 73 *s F eb
*C8
68
68
671* 67 H *67
68 Si
67
68
D o 1st p r e f e r r e d ___
67
6634 67
1,200 55 Jan 21 53 *v J an 8 43 May 5 * D eo
57 *4 57 ^
5 6 78 o 6 78
55
67
f>634 5 6 3<
67
57
D o 2d p r e fe r r e d ........
*65
5 6 S,
3,250 210 J a n 19 227 Si Jan 2 189 May 23 l :,4 N o v
212 215
*215 217
211*4 214
212 212 S, 215 215
210 212
T A ela w are & H u d so n . . .
1 ,')00 4 * 0 j a n 17 510 J a n 24 4 3 7 34 May 560 May
500 510 *510 535
495 495
4^7 497
l 'e l a w . L a ck . <& W e s t’ n .
4 90 490
*495 500
2.800 37 *2 Jan 17 4 2 7a Jan 7 36 *8 Ma> 0 1 7a J a n
3
7
3
4
383s
*
3
8
a
4
39
3**4
3
y
j,
3838
38<V
37
D e n v e r <fe R io G ra n d e ___
33*4
38 Si 3 9 14
500 8 0 34 Jan 17 >*37h Jan 10 83 O01 91 si J a n
*31
82 S) * » 0 :!4 8 2 3«
81
81
81
81
*s o
82
D o p r e f........... .............
81
81
200 79 Si J an 21 80 V Jan 16 '•9 7s L)ec *02 F eb
79S i 7 HSi D e tro it D n it e d ....................
*79 Si 82 Si
83
79 Si 7 9 Si *79
*7 ‘ Si i»3
700 17 J an 23 19 Si J an 5 16 J ’ly 22 78 J an
17
*17
18
S
1
8
34
*17
17
1834
17
17
D ulu th So. S n ore Js A t l ..
*17 si **17* Si *17
601/ 34 Jan 23 39 Jan 4 32 A p i 45 Jan
*34
35
3o
35
*32
37 si *32
34
37
D o p r e f ............... .........
*31
37 Si
3 5 34
3i< *8 40
39 78 40*4
38 Si 3 9 34
39*4 40
L 'r i e ........................................ 53,200 38*4 Jan 19 44*4 Jan 5 38*8 May 5 0 7a J an
38*4 39
3 9 >4 40 *4
2,010 7 l s4 Jan 17 7 5 78 Ian 7 7 4 34 D ec 83 Jan
75
73*4 7 3 34 C l D o 1 s t p r e f ...................
73 3* 73 7g
72
72 Si 73
72
7 2 7s 72 % *7 3
1,560 C2 34 J a n 17 67 Jan 7 62*3 Apr 70% Jan
63
65
64
64
03
6 3 *4 63 Si
63*2
D o 2d J>ref...................
63
*62 Si P4*s *63
*65
. . . . . . ......... . . . . . . . . . . . . . . . . . . 68 D ec 76 Jan
70
rt 5 K van sv. <fc T e r r e H a u V ..
*65
*65
70
*65
70
70
*65
7o
*65
*85
80 J ’ly 94 A u g
...... . . . . . . . ..... ......
*85
90
95
99
*83
96
*85
90
D o p r e t..........................
*85
*85
90
163 173 G reat N o rth e rn , p r e t........ 23,101 £1 6 7 Jan 21 18:*34 .Tan * 2 c l 78 D e c 348 F eb
172*2175
167 Si 17 IS. 167 172
172 1733, 168 Vi 173
42,541
793t
7
ii\
77*4
77
73*4 T e m p c tfs fo r ore p ro p .
7 9 14
7 6 *a J an 19 85 Jan 5 70 *4 Dec 35 D ec
78 Si 7934
78
76 Si 7734
79*4
. . . 81 Si N o ' 92 Si Jan
*30 . . . . . . *80
*80 .......... *80
. . . . . . G reen Bay<fcW .,deb.
*80
...... ...... .....
a
♦
14
1 *14 Jan 25 14 S, J a n 17 U 34 O ct 23 Si Jan
. . . . . . . 15
14
15 '
Do
del). etL E
*1*6 *" . . . . . . . 15
*44
.......... 43 J a n 8 47 Jan 3 33*8 Jan 53 A u g
47
'4 5
47
47
*•*4*5
47
T I av an a E l e c t r ic .............
* 4 5 " 47
*45
**4*7**’ *45
* ___
30u 83 Jan 8 86*2 Jan 4 77*4 Jan 9 734 M ay
*82*2 84 3„ * 1 D o p r e f ..........................
85
86
85
*85
*85
85 Si
85
85
85
*......... 126
*105
11^0 115 Jan 19 115 Jan 19 113 *« Keb 135 A p r
* _____ 126
*
126
H o ck in g Y a l l e y .................
126
115 115
126
200 91*8 Jan 19 94 Jan 5 92 Si N oa 99*8 J u e
D o p r e f..........................
91 Sj 91 Si **9*1*3 92*2 * ____ _ 92 Si * -------- 92*2
91 *s 91!% *91 Si 92 Si
1 6 5 \ 16 5 34 I llin o is C e n tr a l.................
1,600 164 Jan 23 172 Jan 3 164 Ma> 184 Si J ’ na
165 l b 6 *165 168
164
165 165
165 *4 165 165
3-34 37
37
3 7 ^ 38*2
37 7s * n te rh o ro -M e tro p o lita n . 171,460 3234 Jail 1 3y Jan 23 33®8 J ’ne j 5 *8 May
36Si 37 H
3 6 34 39
85 >8 35 Si
73
75
74
74
7 2 34 73 \
D o p r e f ........................... 10,450 70S, J a n 21 75 *4 Jan 7 70% J ’ly 87% May
70Si 73
73
72 4 72 Si
75*2
26
3,60i' 21 Jan 19 23 »„ Jan 4 24 J 'ly 3 4 ', J an
27Si 2 7 34
26*, Io w a c e n t r a l ......................
25
24
25>4 26
27
24 Si 26
27
45 *3 46 \
o ,200 43 J a n 19 51 Jan 7 43 J ’ly 6 3 34 J an
4 6 34 4 6 ;*4
43
D o p r e f..........................
43
44 S.
46 H;
4 1 Si 46 S.
46
47
34
fc'eb
78
314 78 Jan 22 80 Jan 10 77 o c l
78
80S
8 ,8
73
78
78
IZ C .Ft.S.cfcM .,tr. cts. pM
*78
80S, *78
79
79
700 26*4 J a n 21 30*i j a n 5 22 7a J ’ly 3738 Jan
27*4 27*, *V a n s a s C ity S o u th e r n ..
29
26 *4 26*4
2 7 34 2 7 34
28
28
28 Si 28 Si *28
*53
08%
60
3,700 58 Jan 19 6134 Jan 8 49 J ’ly 71 J a n
58
68
68 H
D o p i e f ..........................
59 78 60
68*3 59
69*4
5'*78
27*8 27 (-8 I ak e E rie <fc W e s t e r n ...
60u 27*8 Jan 25 28 Si J an 12 27 *3 J ’ly 44 ?s Jan
28
33
28
*27
*27
28
*27
33
23
23
*70
75 s e p , i t . Si Jan
*70
80
78
......
78
*70
.*70
78
*70
78
♦70
1-i D o p r e f..........................
78
*62
*62
700 62 J a n ; l 67 Si Jan *9 6 I *4 O cl 8 1 34 J an
62
68
67
L o n g Tsland..........................
*62
65
*>2
*62
66
*62
67
13938 14114 *1 3 8
L o u is v ille & N a s h v ille ... 13,625 *1 3 8 Jan 21 145 *8 J an 5 1 3 6 May 156 -j Jan
139 Si 139*4 140
139 139 7g 139*4 13i#Si 133 139
2,90.; 142 .'a n 21 14334 Jan 7 14t< Sep j 62 J an
'-s 143
143*4 14 <*4 1
V ja n h a t ta n E le v a t e d ...
•142 145
1423g 142% 142 142S: 142 143
400 106 J an 23 107 J a n 23 1 "3 J ’ ly 127 Jan
*101*4 108
‘ lO li^ 107 Si
1 0 5 S il0 5 S . * 1 0 1 >4 110
etro p o lita n -Street___
*101 *4 105
105
107
24
*4
22ea
24
\
15,30t
25
24i* 25
*24 *4 2 4 3*
M
e
x
ica
n
C
e
n
tr
a
l.................
2 4 S. 25
24
3j.
22*8 J an 25 27 Jan 5 183s May 29*3 D ec
24%
*57
flO'j 57 Jan 9 59 J a n 15 53 Si D ec 84 , J a n
58
57Si 57*2 *06
58 M in n e a p o lis <fe St. L o u is.
57
*57
57
68
67 *3 57 S.
*87 100
90
600 87 Jan 14 HO Jan 24 90 Api 100*4 Jau
93
yo
89
8 y*v *38
D o p r e f..........................
y.f
8 8 Sj 88 Si *37
117
I 18 119
5,85u 117 J a n l'.' 140*4 Jan 3 134 D ec 104 .>lar
! 18 M in n. S. P. & S. S. M arie.
1 1 8 S il 2 l
119 121
119
117
113 Sj U 9
158
*153
50u 152 J an 2 i 168 J an 3 163 Si A pr i 3 3 :J4 Jan
158
162 154
i5 8
D o p r e f..........................
*1 5 0 158
1 5 4 34 15434 *150 155
33*4 39 *t
37 *4 3834 Mo. K an sas & T e x a s ........ 18,200 3 5 34 is n 18 4 1 34 Jan 5 29 Ma) 4 3 'a N ov
33 \ 38S
37 Si 38 s,
33
33 S,
3 6 34 37 3g
7
l
2,10J
70
71*4
71*4
71
D o p r e f ..........................
6 9 -8
71
70 >4 7 0 34
70 Si VI
6 9 7g Jan 19 7 2 34 Jan 4 64*4 A.pi 76 N ov
*™ *4
8 7 34 S8
87
87 7e M issou ri P a cific ................. 14,410 1-6 Jan 19 9 2 \ Jan 5 80 Si Mu) 10634 J an
86 '4 8813
87 J4 8 8 4
86
8 / *3 88*4
139 139
*137 142
200 139 Jan 25 147 Jan 8 133 Ma) 149 Si Jan
*137 145
*137 140
ash. Chatt.
St. L ou is
140 140
*137
142
*56
*06
59
800 56*8 Jan 22 59 *8 J a n 9 36 A p r 5 J Deo
*57
59
69
57
a.* a t.o f M e x , n on -cu n i.p l
57
56*« 57
•5 6 *8 59
D eo
......
D o 2d p r e f ....................
*25*4 26Si * 2 5 54 2 6 S, *2 5 34 2 6 Si * 2 5 Ji 26*2 * 2 5 34 16 Hi *203. 26 s,
26*4 J a n i.7 2 6 S? J an 17 1 8 ‘4 J ’ ne
1
2
8
;..
3
2
,4
5 t 128*3 Jan l i ! 13434 J a n 10 126 N ov 1 5 6 -4 Jan
130
12y%
129'j4
130*4
130V
N.
Y
.
C
e
n
tra
l
&
H
u
d
s
o
n
..
1 2 8 Si129
129 Si 1 3 0 3*
129j4
128%
*67
62
100 58 Jan 11 63 Si J a n 1 59 Mai 73 v A p r
62
*59
61
59 ia 59 Si *58
60
N . Y . C h ic. & St. L o u is ...
*57
61
*110 120
*110 1 2 U *110 125
D o 1st p r e f ..................
*1 1 0 120
*1 . 0
110 Jan 16 110 J a n 16 111 A p i ,2 0 6 Jan
120 *i*L0 120
s5
90
*84
35
**3*00 81 J a n 23 9134 Jan 7 80 May 92 D eo
90
'8 4
D o 2d p r e f ...................
86
86
*84
86
84
84
6 5184*4 Jan 24 189 J an 9 l e 9 Si D e c 204 78 J an
N. Y . N . H a v e n <fc H artf.
*180 186
4184*4 184*4 *180 185
*180 183
• l d l 186 *180 186
45 Si 45 *2
4,20o 45 Jan 11 4838 J an 5 4 3 34 Ma) 57 J an
45
45 s,
45 78 4 5 7s
45*8 45
X . Y . O n tario <fc W e ste rn .
45
45*8
45 Si 45 S,
87 wj 88
8 8 i* 8 3 s4
N o rfo lk & W e s t e r n ...........
4,d90 87 Si J a n 21 92 *4 Jan 5 81 i'eC 97% o c t
87 Si 88 Si
87 7s 8 3 :\
83 Si 83 S i 8 ->*s 8 8 3e
*80
90
•to
D o ad ju stm e n t p re f.
140 88 Jan 21 90 Si J a n 10 89 V, i p r 96 Jan
r>8
*87
89
90
88
*83
*85
88
38
1 5 4 * 3 l5 6 7h 152 156*4 N o rth e rn P a cific ............... 137,294 a;149 Jan 21 189*3 Jan 7 179 *4 M a) 232 Si fc'eb
1 4 9 *4 151*4 149 153*2 152 Si 155 S, 1 5 11* 154
1334 19 S,
i3 io 19
D o su b s c r ip , r e c t s . .. 40,630
17 l4 1 J
17*3 18*4
17 *4 J Hrn 1 ‘2 ():*i. Jan 1 7
13Hi 19 l4
13 *8 13»s
♦116 125
*116
125
*118 125
JJaeitic C oa st U o...............
*116
123
‘ 118 125
125
*115
3121 J a n 17 124 *8 Jan 7 103 Jan 142 J ’ ne
* 93
*98
105 Jan 100 Jan
L D o 1 s t p r e f...................
106
......
*98 106
*98 106
106
*98 106
* ‘.J8 106
*115 125
_____ 1*24 *2 Jan 2 124 Si J an •j 105 Si Jan 135 May
*115 125
*110 125
D o 2d p r e f...................
*110 125
*110 125
*110 125
133 '-a 1343* 133% 13o*2 134% 1 3 5 !« 13434 13534 13iJ *4 135;,4 1343^135 1* P e n n s y lv a n ia ....................... 143,600 133*3 J a n 19 14 la j Jan 8 122 Hi J ’ly 147 Si J an
*76
73
1,0 0 U 7 J Jan 23 78 J an 22 75 M ay 87 J a n
Putst). Cin. C h ic. & St. L.
78
78
77
*77
81 Si *77
77
8 IS 1 *7o
S lS i
*100 108
♦100 108
40 105 *3 J a n 6 105*3 J an *5 100 May l o 9
Aug
*100 108
*100 103
D o p r e f..........................
* 1 0 0 108
3103 106
1
2 3 j4 129 *v 127 1 2 8 7s I> e a d i n g .............................. 1,1S3,S50 124 7s Jan 22 139 S. J an 7 112 May *164 J a n
129*4
1
2
4
7a
12y
H
i
1
27
%
129
V
127
1
-1
2
9
%
126
*30
*88
92
*83
89 Sep 96 Jan
92
92
89 *3 J a n 13 92 Jan
*38
92
*88
92
*88
92
*i.O
*90
92
......
92
90 Jan 16 94 Jan 8 90 A p r 102 Jan
*90
*90 Si 95
95
2d p r e f ............................
94
*91
*91
95
2 6 s4 27%
E o c k Isla n d C o m p a n y ___ 42,240 26 Jan 18 3i)*8 J an 6 22*3 J ’ly 32% N ot
•27% 28
26*8 2 6 7g
26 Si 27
26*4 28
26Si 2 7 \
60
4,000 5 8 34 J a n 23 64 Si J an b 60 J ’IS 6y 34 A u g
61
60
61
61
6 8 34 60*2 *60
6 OS1 60 76
60 S» 61
68 7„ 68 7„ St. L .& S .F r ., 1st p r e f . . . .
69H,
3 0 0 o7 *2 J an 19 70 Jan 11 60 F e o 7234 A p r
*67
69
69
*67 Si 70
6 7 Si 67*2
*67 Si 70
43a4 4o *s
2,500 43 Si Jaoi 1
4*3^ j a n
45
45
D o 2d p r e f ...................
40 v» J ’ly 51*4 b eb
45
46
45
45*2 *45
46
43S: 44*2
600 23 Si Jan 19 25 S» Jan 7 2 0 Hi May 2 7 ’ s J a n
23«a 230s St. L o u is S o u th w e s te r n ..
23*3 23 *3 *23 Si 2 4 ^ *23 Si 2 4 Si
23 Si 2 3 ih, *23 Si 24*2
400 57 J a n ID 60 Si J a n 15 4 3 34 May 63 -*8 s e p
59
67
•h i
*57
B o p r e f ..........................
59
67
* 56 Si 69 7g *67
57
67
69 ;8
1*3
b8
95
95** S o u th e rn P a cific C o.......... 258,545 0 1 3*1J a n ., 96*4 Jan 14 61
May 97 Si Sep
92% 94U
94
953J,
94V 95U
9 1 aa 93
95 \
260 1 1634 Jan 2 1 1 8 '» Jan 11 j 16 J ’ly 120 Si J ’ n«
D o p r e f ...........................
*116*3 1 1 7 7s *116*3 1 1 7 ’ f, *117*3 1177« *117 Si 1 1 7 7(, I l / 78 l l 7 7s 2117-4 1 1734
29
2 8 7g 29*4
28
2»*4 28 Si S o u th e r n v .tr . c fs. stm ped 35,040 28 J a n lii 34 Jan 5 3 l3 g N o v 4 2 7b J a n
28
29 *s
29*4
23Si 29*4
28°6
8 6 % 87 s4
4,392 85 J-an 16 94 *3 J a n
8 5 7g 86*4
86
86 Si 8S
D o p re f.
do
1*3 *3 D e c 103 J a n
86
87
8 OS1 85*8 86
4,400 33 J a n 19 37 Hj Jan 7 28 M ay 40*8 O ct
34 »8 34*2
34
33
84 ’ P e x a a <S> P a cific . . . . . . . .
34
33 Sj 34>4
34>« 34*4
34*8 34 Si
1 2 0 *- I 2OI4 1 h i r i A v e n u e (N . Y . ) . . .
1,900 117>* Jan 21 123 Jan 8 121 N o v .cl 39** Jan
♦120 122
*1 2 0 122
117 Si 120
119*4 119*4 120 120
300 23 Jan 19 29 J a n 7 25*4 D e c 3 6 J an
*26
29 Twlede R a ilw a y s * L ig h t
*27
28
*27
29
*27
29
*26
29
28
28
1,700 30*3 Jan 21 33*4 Jan 5 25** J ’ ly 40*3 Jan
33
83 T oL St. L . & W . v . tr. c t fs
31
31
32 S» 33*4
30 Si 3 0 34
31
31% 32
31*4
3,000) 60S, Jan 19 6 3 34 Jan 7 43 J ’ly 59 7a J a n
D * p re f. v o t. tr. c t fs .
51
51*4
63
63*3 63*3
50 Si 51
5 0 34 51%
61
53*4 53*2
BA N K S AN D TR U ST COM PANIES— BK O KER3’ QUOTATIONS
Banks
B id
A sk
KEW YOKE
A e t n a .............
A m e r ic a 1, . . .
A m e r K x ch ..
A s t o r .............
B a tte r y Park
B o w e r y l| ___
B n t c h ’s & Di
C e n tu ry ___
C h ase ...........
C h a t lia m ___
C h elsea Exc*
207*2
525
213
650
120
320
170
175
6250
310
195
220
535
250
750
130
330
185
........
Banks
C h e m ic a l___
C itize n s’ C trl
C i t y ...............
Coal & I r o n .
C o l o n i a l ...
C olu m bia^ . .
C o m m e r c e ...
C on solidated
C ’ rn F x c h ’ i
D iscount^ ]. . .
E ast R iv e r ..
F id e lity ^ ,___
F ifth A v e^ l..
B id
4100
145
265
250
700
490
1 183
165
300
150
150
200
390 0
A sk
4200
155
270
260
525
1 185
175
310
160
160
4200
Banka
F ifth ...............
F ir s t ...............
14th S treet^ .
f o u r t h .........
G a lla t in ........
G a r fie ld ........
G erm an Am1|
G erm an Ex^j
Germ ania^ . .
G re e n w ic h 1i
H am iltonll . .
H a n o v e r ........
Im p & T ra d .
B id
340
710
225
205
365
150
435
500
2*0
260
505
565
A sk
212
375
600
158
295
515
B id
Banks
I n t e r b o r o !!-. 150
I r v in g N .E x . 150
J e ft e r s o n li... 200
500
L in c o ln ......... 5*00
M a n h a tta n ?. 305
M a rk e t & Ful 265
M e ch a n ics ’ . 245
M e ch & Tra1; 170
M e rca n tile .. 250
M erch E x c h . 177*3
M e rch a jits’ .. 160
M etrop olis* . 390
* Bill an d a sk ed prices; n o sales w e re m ade on tin s day. <i L ess than lo t) shares. J E x -rig h ts.
t S » le at S to c k E x ch a n g e or at a u ctio n this w eek,
c E x b e n e ficia l in te re s t in ore p ro p e rtie s.
A sk
155
Banks
X e t r o p o li’ n t
M t M orris'ii. .
210
M u tu a llj........
510
N assau!] ___
. . . . N e w A rnster
315
N e w Y o r k Co
275
N ew Y o r k ...
255
N ig h t & D av
180
19Ui W ardli.
275
N o rth A m e r .
N o r t h e r n ....
l7 o
O rien tal’,,___
B id
160
240
300
195
200
1200
316
3.70
170
27 0
A sk
170
325
200
216
325
500
275
275
Banks
P a r k ...............
P e o p le 's ^ ----P la z a li...........
P ro d iix ch ^ ,.
R iv erside^ ..
Seab oard ___
S e c o n d ..........
Stated ...........
34th S t r e e t ..
12th W ardli.
23d W ardU ..
t 326
207 Si
400
190
li State banks. a K x -d m d e n d an d rig h ts. S . V t w i w o k .
A, 1st iu s ta iin ’ t paid, n Sold at p r iv a te sale at thU o n c e i
Jan.
New York Stock Record—Concluded—Page 2
2 G 19 0 7 .J
S T O C K S —H I G H KS T A X V L O W E S T S A L A P R I C E S
S a tu rd a y
Ja n 19
M onday
Ja n 2J
T u esda y
J a n 22
W ednesday
J a n 23
T h u r sd a y
J a n 24
STOCKS
N E W Y O R K STO C K
EXCHANGE
F r id a y
Jan 25
1 0 5 4 105% T w in C ity R a p id T r a n sit.
D o p r e f ..........................
17234 1 7 6 l4 175
17U34 175 1 . 6 4 176
177
173% 1 7 5 4 I f n io n P a c ific .....................
172*4 1*75
U D o p r e f..........................
93
93
*92
92 4 9 2 34
92 4 9 2 4 *92
92*a 92*4
924 924
59
......
59
59
59
5 9 84 *57
57 4 67 7p U n it R y s 1n v ’ t o f S an F ran
*65
69
D o p r e f ...................
66
69
*67 'a 69
69
66
684 634
68 Hi 69
U n ite d R y s o f S t L ou . p rei
*17% "1 7 % "l*7*% ■*1*7% \\J a b a s h ..............................
16 4 " l 7 " *17** 17*4 *1*74 *1*7*4 "1*7*4 * ' m
3 134 3 4 7(.
• » D o p r e f ............... ........
34% 35
34% 35
3 4 a4 3 4 a,
84
33
334
344
30
W e s te rn M a r y la n d ...........
*26
30
*26
30
30
30
*26
3o
* 26
31
*26
13
W h e e lin g <fe L a k e E r i e ...
13
12% 13%
13
1334
13®4 13%
13 \ 1 4 4
1 3 4 14 *4
35
35
*32
35
D o 1 s t p r e f ...................
*32
33
36
32 4 32 H *33
33
*33
D o 2d p r e f ...................
19
194
19% 1934
1 9 4 19 4
19
18
17 4 19
18
194
24
*23 4 24 4 W isco n s in C e n tr a l.............
24
* 2 3 4 24 4 * 2 3 4 2 4 4 m
24
*23 4 25
54
D o p r e f..........................
447
47
*47
48
*47
50
*47
50
40% 47
*48
I n d u s t r ia l & A l b c e l l
*290 300
*290 300
A darns E x p r e s s ...............
*290 300
♦290 300
*290 300
*2 9 0 300
15% 1 6 4 * 1 5 4 16*4 *15% 1 6 4 A U is-C h a lm e rs ...............
14*8 15*4
147s 16%
14*4 15*8
39
41
Do
p r e f ........................
40
40% 40%
3 8 4 39
37% 3 9 4
404
37*8 38
112 4 1 1 4 3 4 114*8 1 1 6 4 115*4 1 1 6 4 *1 1 4 % 115% 113*4 11534 A m alg am ated C o p p e r ........
11 1 % 113
24
24 A m e r A e r ic u it C h e m ica l.
•23 4 24
23 4 24
*23 *4 25
*23*4 25
•23 4 25
Do
p r e f ........................
*87 102
*87 102
*87
102
*87 102
102
*87 102
*b7
*-2034 2 1 4
21
2o 4 20% A m e r B e e t S u g a r ...............
21
21
21
20 4 21
20 4 20*2
D o p r e f ..........................
82
81
80
*78
81
80
81
82
44
A m e rica n Car tfe F o a m lry
*4*3*4 44
43
44
4 4 4 "44 4 44 4
4 1 4 44%
42 4 43*4
102 102
D o p r e f..........................
• 1 0 1 4 102 4 101*8 101*8 1 0 1 4 1 0 1 4 101*4 101% J102 102
30
31
2934 30
30
30% 31
31 A m e rica n C otton O il........
*30
31
•29 4 2934
*89
*89
90
D o n r e f..........................
90
91
90
91
90
*89
91
•88
91
240 240
5240 240 A m e rica n E x p r e s s .............
*235 240
239 23J
235 4 2240 •235 242
* 7 34
*7%
*734
*734
84
8 A m e r ic a n G ra ss T w in e ..
8
8*4
8
8
*7*4
*734
*534
♦534
■6
6
6
6
6 A m e r H id e & L e a th e r ___
*5%
6*4
*534
6
6
D e p r e f .........................
30
*27
*27 4 29 4 *263* 29
29
2 8 4 2 8 4 *28
28
28
86
86
85 >4 8 5 34
86
86
85 4 85 4 A m e r ic a n I c e S e c u r itie s .
85
86
86
85
*17
*17
19
* 1634 19
*16
19 A m e rica n L in s e e d .............
19
18
18
* le % 18
*32
*32
39
38
*34
*34
38
D o p r e f..........................
39
*34
39
38
*34
72
73
A m e rica n D o c o m o t iv e ...
7 2 4 73
73*4 73 4
72% 7 334
73 4 74 4
70 34 7134
D o p r e f..........................
112
1 1 1 4 1 1 1 4 *111 112
1 1 L 4 1 1 1 4 111 111 *110 4 1 1 2
*111
4
4
4
4
4
A m er. M alt. ctfs. o f d e p ...
*3*4
*34
*34
*3-4
*3*4
24
25
24
D o pref. c tfs. o f dep .
24 *8 *23
*23
26
24
24
‘2 4
93
•92
92
92
9 2 34
*92*4 93 A m e r S m e lte rs S e c p r e f B
* 9 1 4 92% *92
92 4
145
14-1 *4 145*8 1487» 148 1 4 9 4 14 7 34 1 4 9 4 148 1 4 9 4 146% 149 A m e r. S m e lt’ g<fc R e tlu ’ g .
1 1 6 4 116 116
115
D o p r e f ..........................
115*4 115 U 5 4 116 116 * 115 4 1 1 6 4 • l i d
*190 240
♦190 240 A m e r ic a n S n u ll...................
♦190 240
♦190 240
-*197 4 200
*1904240
*95
*95 100
100
*90 100
*95 100
D o p r e f..........................
•95 100
*95 100
*y34 10*, *10
10
10
10
10 4
10
9%
9% A m e rica n S teel F o u n d r’ s.
94
9 78
4 5 4 45 '4
45
45
45
45
D o p r e f ..........................
45
44 4 45%
45
44
454
1 3 1 4 132 4 A m e r ic a n S u g a r R efin in g
1 8 0 4 131% 131 1 3 2 4 1 3 1 4 132 4 132 1 3 2 4 132 4 133
* 128 133
. . . . . . . . . . . . •128 133
*128 133
D o p r e f..........................
*128 133
* 1 2 8 133
*128 130 *125
130 A m er. T e le p li. & T e l e g . ..
* 128% 130
*135 139
*128*8 130 *128*8 130
97 Hi 97 4 297 4 97% A m er. T o b a c . Cnew), pref.
9 7 4 97 4
97
97 4 * 9 7 4 98
96 4 96 4
3 J3,, 33% *33
33
3 3 4 “ 33
33 4
82
33 4 A m e r ic a n W o o le n .............
33
3 2 4 33
io o 34 101
*100 102
*100
102
100% 100%
*100 102
D o p r e f ..........................
*1 0 0 Si 102
z 80 284*4 A n a co n d a -C o p p e r ...............
2 7 4 i4 2 7 8 4 27734 279 4 2 7 8 4 279% 279 hi 285
272 4 275
• lio
'1 1 0
*110 120
120
120
*110 120
*110 120
B r o o k l y n U n io n G a s___
“ 110 120
* 1 4 4 1 5 4 * 1 4 4 1 5 4 *14 4 1 5 4 ■*14% 1 5 4 -1 4 4 1 5 4 O r u n s w . D ockife C .Im p ’ i
*5>
*50
53
53
53
53
B u tttr io k C o ........................
*o0
5 2 4 *50
• 5 6 " "52 4 *45
37
37 *2 38
38
•35
/ 'e n ir a l L e a t h e r .............
34*4 35
35 4
354 364
3 6 34 37 4
101
101
*100 101 4 1 0 0 7s 101
101
V> Do
p r e f ........................
101
*100 4 101
J100 101
53 *4 5 3 4
51% 5234 C olorado F u e l & I r o n . . . .
60 ^ 5 1 78
52 4 6 3 \
6 1 4 53
52 4 53%
*85
*85
95
95
95
*86
95
93
D o p r e f ..........................
*86
8 5 4 8 5 4 *85
26
26
*25 4 26 4 Col. <& H o c k . C oal tfe Iron.
25
26%
24*a 25 4
24 4 25
25 4 2 5 4
135 135% C o n so lid a te d G as (N . Y .).
135 136 4 136 4 1 3 6 4 136 4 136 4 * i 35 4 1 3 7
1 3 4 4 135
233g 2 3 7t
2 4 4 24%
24 4 21% C orn P r o d u c ts R e f g .........
24% 24%
2 3 34 24 *2
2 4 4 24 a4
87
b63* 87 4
8 6 % 87
D o p r e f..........................
87%
86
86
{8 6 4 864
8 6 a4 87
72
72
7 1 4 72*4 D is tille rs S e c u r it ’ s Corp.
7138 72*4
70*4 7 1 4
7 1 4 72
71% 7 2 4
*150 170
*150 170
*150 170 *150 170
*150 170
F ed era l M in in g & S m e lt’ £
*150 170
*94
96
9 4 4 94 4
D o p r e f..........................
944 954
93 4 94*4
92*4 93
9 4 4 95
156
161 1 6 2 4 16034 ifa'2 4 159 4 1 6 1 ^ G e n e ra l E le c t r ic .................
1 5 7 4 1 5 6 4 1 5 7 4 1 5 6 34 163
1304131
129 4 1 3 0
G ra n b y C on s M S & P ___
17
17
•17
17
17*4 17*6
1 7 4 17 4
1 7 4 | n te rn a tio n a i P a p e r ........
17 4
1 7 4 17 4
80
80
*80
1 D o p r e f ..........................
*80
81
81
81
8 0 4 8 0 34
81
804 804
49
4J
49 4 59
*6 0
In te r n a tio n a l P o w e r
*49 4 69
50*4
49*4 50
*49 4 59
*37
38 H< '3 7
87
40
*37
37
•37
37
40
37
3 9 4 In te r n a t S team P u m p ___
bO
i < 9 4 79 4
D o p r e f..........................
78 4 7 8 4 •77
80
* 7 7 4 80
8 0 4 8 0 4 *77
*42
48
50
60
50
45
48
68
60
K n ic k e r b o c k e r I c e t C h icj
67
40
64
73% 74 4 M . c k a y C om pa n ies . . . . .
754
73
7 0 34 71
7 0 4 71
D o p r „ f ........................
8-2
83
83
82 4 83
84
82 4 VT a tion a i B is c u it .............
1 82*4 83U
83 4
83 H> 83 4
*1 1 4
118 4 *110 1 1 8 4 •115 118 H: *110 1 1 8 4 {1 1 7 4 1 i 7 4 *117 118 4 i. ♦ D o p r e f ..........................
1 3 4 133« • 1 3 4 1 4 4
”•13% 1434 N at E n a m e iin g & s t a m p ’ g
14
14
1 4 4 1 4 4 *13% 15
*84
*83
*83
b7
87
89
89
*83
•83
*83
89
Do
p r e f ........................
89
70 4 7 1 4 N a tio n a l L e a d ......................
70
71
71
714
7 1 4 72 Si
7 034
71% * 7 1 4 7 3 .
*102
D o p r e f ..........................
102 4 102 4 102 4 *102 102 4 1 0 2 4 1 0 2 4 *102% lu 3 4 * 1 0 2 4 103
135 1 3 8 4 137 4 13734 *133 137 4 137*4 137% 137% 137 « 1 3 7 4 1 3 7 % N e w Y o r k A ir B r a k e ........
83
85 4 8 6 4
66
84
85
85 * N o rth A m e r ic a n C o., new
874
& 54 86
85 4 86%
39
37
37
38
3 7 4 37 4 l > a c u ic M a il........................
36 4 37
37
38
* 3 7 4 38 4
974
94*4 95*8
96 4 9 7 a4 1- eop. Gas'L.<fc C. (C lue.)
97
I.14-^ 95
95 4 97
96 4 97%
15 3g 16
1 6 7g 16*4 *16 4 17
P itts b u r g h C oa l C o ...........
*15 4 17
17
1 6 4 16 “4 *16
*65
67
59
*57
584 584
Do
p r e f ........................
57
*56
68
*55
58
58
54% 54% P ressed S te e l C a r...............
54
55**
64
; 62*4 533e
53*4 54
54*4
544 544
98
99 4 99 4
99
99
99
99
D o p r e l ..........................
98
*98
994
99
*98
170 171
172
P u llm an C o m p a n y .............
175
170 1 7 1 4 317
172 172 4 1 7 2 4 172*4 * 1 ,2
63
63 4 54 4 I ) a i l w a y S te e l S p r in g ...
53*4 54
*54
55
54
63 4
54
544 544
*98
I V D o p r e f..........................
99
98
98
98
*97 *2 99
98
98
98
98
98
86 4 38
37 4 38
37
I te p u b lic I r o n <fc S t e e l . . .
37% 38 4
37% 38
374
374 334
97
9 7 34 * 9 7 '4 98 4
D o p r e f..........................
98
98
98
9*% 99
98 V
98% 99
, 7 2 '* 7 2Ji
73
73
71
01os8-SlielH eld St. <fe Iron
74
72 4 73 4
74
73% 74 4
74
*102
*103 106
108
*102 106 ^ *102 106 *4 *102 1 0 6 4 •10254 106 4 O D o p r e f ..........................
_
164 160
*155 180
T e n n . C oal, I r o n <fc H R ...
84
•80
85
*82
85
-8 2 * ’ "8 5
"8*5 T e x a s P a cific L a n d T ru si
*
81 '
83
88
*64
*7
j T m on B a g A P a p e r ..
8
8
*57
58
63
59
U D o p r e l ........................
60
60
59
60
47 “ 4 7 ”
47% 47% * 4*7** *4*7%
47
47
47
47 ’ a 47%
47 4 U. S. C ast 1. P ip e ife F ou n .
88
87
87*4 87 4
87
88
D o p r e f ..........................
{ 8 7 4 87 4
* 8 6 4 88 4 * 8 6 4 88
*108 11-5 *105
* 1 0 8 115
§110 110 U n ite d S tates E x p r e s s ...
*108 115
115
*105 115
80
•80
80
80
*80
80
*81
U S R e a lty & I m p r o v e ’ nt
82
83
83
82 4 *81
*25
*25
29
28
28
*25
27 'n 29
U a R e d u c tio n & R e fin ’t
*25
23
*25
28
•63
*60
68
65
Do
p r e i ........................
68
60
68
68
*60
68
0-’ 78 *60
60
49 4 4 9 4
50% 50 4 U n ited S tates R u b b e r ___
6 0%
51
6 0 4 5 u 34
60
4 8 7s 50 4
105
*105 106
1 0 5 4 104a4 l o 5 ‘4 105 4 105 4 105 4 105 4 *106 107
D o 1st p r e f...................
76
763^
*75
76
76
76
*75
Do
2d p r e f ................
* 7 5 4 76
70*4 76*4 *75
* 45 78 4 6 4
4 6 34 4 7%
47
47%
46
47*4
47 4 47%,
4 6 4 47 4 U n ite d S tates S te e l............
104 4 104 78 104 4 1 0 5 % 1 0 5 4 1 0 6
105% 1 0 6 4 1 0 6 4 10SJ4 106 106 4
D o p r e l..........................
84 4 35
36
*36
36
56
*34 4 36
36
3ft V irgi«ia-C a rolim a Chern..
3 4 4 36
*1 0 0 4 108
*106% 1 0 7 4
107 107
*107 108
*106 10S
D o p r e f..........................
*106*4 108
88
8 9 34
90
95
95
96
91% 95%
8 8 4 94 4 V irg in ia Iron C oal & C ..
9 4 4 97
*2 7 5 305
•275 305
*275 305
*275 305
*275 505
•275 305
\\J ells F a rg o & C o ........
» 84
84
8 3 a4 84
84
83% 8 3 4
84
33% 83 s4
* ' e s t’ n U n ion T e le ’ gpli
8 3 4 83*4,
1 6 0 's 1 5 1 4 *151 1 5 2 4 1 5 3 H 3 h; *159
*150 157
15 2 *150 156
W est’ g h ’ s e E l &M fg assen
*167
182 *167 172
*1 6 7
182
*166 182
*167 182 *166 182
D o 1st p r e f ..................
1024103
......
1 0 3 4 104*4
.... -
105
105
10534 1 0 7 4 * 1 0 5 4 1 0 8 4
.....
......
205
R a n ge to r Y ea r 190 7 ]R a n g e tor P r e v io u
Y e a r (1 9 0 6 )
On basis 0/1 0 0 -sh a re loti
11 rek
S hares
575 ,750 1 7 2 4 Jan
550 92 4 Jan
930 57 4 J a n
1,5 t>tj 66 J a n
2*8*tf&
3,470
400
7,80i)
•200
6 ,3 i>0
•200
425
16 > J a n
3 2 4 Jan
30 Jan
12*8 Jan
32 4 Jan
17S* Jan
2 3 4 Jan
46*8 Jan
68 §2 9 0
8,800 14*4
9,400 373s
504,100 l l i s g
90( 23 4
i',3oV
iOO
1-2,000
8 SO
‘2 ,‘2 00
•200
Jan
Jan
Jan
Jan
Jan
Low est
H ig h es t
Low est
2,600 102% J a n 19 1 0 8 4 Jan
It* 1>>3 Jan
21 94 Jan
25 62 Jan
19 7 1 4 J a n
17
17
7
2:!
23
23
18
18
i 8*4 Jan
38 Si J an
30 Si Jan
16% Jan
3 7 a4 Jan
2 l a4 Jan
25% J a n
514Jan
§2 9 0 J a n
19 16 % J a n
2 ! 4 3 a, J a n
19 1 2 1 % J a n
17 25-% J a n
9
5
3
5
8
air*; Jan 19
80 Jan-,'1
42 4 J a n 19
1 0 0 Si J an 2
29 4 J a n »9
90 Jan 21
235 4 J a n 19
7 \ J a n 18
6 Jan 19
28 J a n 19
85 J a n 19
16 J a n 2
35 Jan 7
70'q J a n 19
lo 9 4 J a n 2
23 4 Jan 7
w0 J a n 21
45 4 J a n 14
l o 3 Jan 12
3 f i4 J a n 7
90 .Tan 21
247 J a n 5
8 l4 Jan 11
6*4 J a n 16
30*2 J a n
88 J an 2
19 *4 J an 10
36 J a n 7
74 3< J a n 10
111*2 J a n 21
" 7 0 0 24 J a n 11
115 92 J a n 22
6 I ,t>00 145 J a m 9
1 ,0 0 0 114*5Jan 2
197 >2 J an 11
"25*2 Jan 3
93 % J a n 7
*1 5 5 J a n 7
1173s 'Tan 7
205
Jan 18
"io o
500
750
‘200
7,7*20
700
700
9% Jan 19 1084 Jan
2,000 44 Jan 21 47*2 Jan
14,050 130 Si J an 19 136% J an
100 130*4 J an 4 131 J a n
133 J an 4 133 J a n
i f f / ' t 96*4 Jan 2 9 8 '4 J a n
1,800 32 J a n 19 36*2 Jan
945 100 Jan 16 1027a J a n
93,575 Z2724 Jan I f 29 L**-Jan _
110 J a n 3 111 * J a n 11
14 Sj Ja n 4 14 *<2J a n 4
49 Jan 4 49 *« Ja n 3
20,100 34 \ Jan 19 38 J a n 24
451 99 Si J a n 4 1 0 1 Si J a n 11
45.70U 50*4 J an 19 57 s J a n 8
100 85*2 J a n 19 85 >2 J a n 19
3,610 24*8 Jan 19 28 J a n 7
1.750 134*2 Jan 19 139 Jan 7
25,116 22*4 J a n 2 24% J a n 22
3,90S 82 a4 Jan 2 8 7 7^ J a n 2o
11,080 * 7 0 ‘4 J a n 19 75 J a n 3
160 J a n IS 103 Jan 16
2’, ioo 92*4 J a n 19 97 Jan 14
19,500 155*4 J a n i l 163 J a n 22
1,100 129 Si Ja n 25 131 J a n 2 4
1,400 17 Jan 21 18 Si J a n 7
1,405 80 J a n ‘25 81 F e b 11
200 49 J a n 24 50 34 Jan 15
2 0 0 37 J a n 19 41 Jan 7
1 - 0 78 Si Jan it 81 Jan 14
1.700 4») J a n ‘2£ 09 4 J a n 4
1.700 73 J an 24 75*4 Jail 24
3.750 70*2 Jan 25 71 Jan .4
3.640 77 Jan 4 86*4 J a n 16
5b l l 6 14 J a n 7 1163s Jan
y oo 13*8 J a n 2 1 1 5 % Jan
84 ‘2 J a n j 85 J a n 3
3,600 70 Jan 19 7 6 4 J a n
100 102 Si J a n y 103 J a n
900 i \34 Si J a n 18 141*2 J a n
5,63o 83 J a n ‘25 8 9 :,4 J a n
2,900 3 6 Si J an 19 4 1 4 J a n
17,300 94 '4 Jan 1;. 98*% Ja n _
90t 15% Jan 19 1 6 7s Jan 15
200 57 Jan 22 6 0 % Jan 4
7.700 5 2 *4 Jan 19 57 Jan 1
867 98 Jaoi 19 99% J a n 24
1.640 170 Jan 19 181*8 J a n 8
2,800 5'2 *2 J a n 3 57 IjJW l 10
600 98 Jan 22 99 J a n 8
9,90i, 36 4 Jan l y 41 J a n
2,100 97 Jan i9 100 J a n 7
3.100 7 2 4 J a n 1, 7 7 »4 J a n 7
$105 J a n '4 $107 J a n 11
1*2*0*. 154
Jan lv 162 J a n 4
•2 0 (
b3
Jan 8 85 Jan 17
100
7 Jan 11
8*8 J a n 15
200 5 8 J a n 2 l 01 J an 7
2,220 45 *< Jan 2 4 9 S iJ a n _
63? 83 *2 Jan 3 89 Jan 15
2o §110 Jan 25 U 1 7 J a n 9
600 80
J a n 21 90 Si J a n
80
27*a J a n 9 2 9 '2 Jan .
1.100 60
J a n 21 68 J a n 7
4.750 4 8 7s J a n 2! 52 J a n 7
■2,51- ;104 Jan It 109 7s Jan
500 76
Jan 19 78*8 J a n
419,300 45 7s Jan 19 50 % Jan
40,000 1043b Jan 3 107 s4 Jan
1,950 34 4 Jan 19 3i>3gJan
K'O 106 *4 J a n 4 108 J a n 9
10,900 77 J a n 2 97 J a n 22
283 Janl»< 283 J a n 18
i /200 83 J a n 3 85 Jan 10
900 148 '1 Jan 17 151 J a n 2
.
H ig h es t
7 102 D ec 122 4 J a n
§ i 5 0 O ct $150 O ct
5 1 3 8 Si May 1*5% Sep
91 4 May 99*4 Jan
7
50 A p r 98 Jan
7
55 A p r 93 4 J a n
7
84 Si A pr 87 4 Jan
6 18 D ec 26 4 J a n
7 36 Si D ec 53 % F eb
7 30 D ec 44 4 ' He
7 16 A p r 2 1 34 Feb
5 36 M ay 4.S 4 F e b
10 2 1 *4 O ct 29 4 Keb
12 23 May 33 J an
7 44 J ’ly 64 Jan
$240 J ’ ne 1300 A u g
16 J ’ly 27% j a n
40 Sep 67 J a n
923s J ’ly 1 1 8 11 i-'eij
‘20 J ’ly 34 4 Jan
90
Dec 102 J a n
20 >2 May 35
ja n
82 % O ct 8 9 4 .in u
32% J ’ly 47 Jan
98 Si J ’ly 105 J a n
28 May 44*4 Ja u
90 Dec 95 Jau
2 i 5 A p r 272 A u g
7 % May 1 1 34 Jau
5 *2 N o v 10 Jan
"24 N o v 43 Jan
35 *4 Jan 9 i % Sep
1 6 a4 D e c 2 9 4 Jan
35 l)e c 5 3 % J a n
5 3 34 May, 78 4 j an
10S*2 D e c 120*4 J a n
4 J ’ne
6 *1. A p r
25 J an 29% A p r
92*4 D ec 1 0 1 J a n
138 Si May 174 J a n
112 D e c 130 J a n
00 J ’ly 22o J an
100 D e c 107 J a n
9 34 AOV 15*4 J a n
40 May 53 *4 j an
l ‘2 7Si Mi*) 157 J an
1 *8 Si D ec 140 J a n
130 J ’ly 1 4 4 J an
96 J ’ly 109 J a n
28 .Nov 48 J a n
101 J ’ly H 0 's J an
•223 Si May 300 it'eb
105 Hi N o v 178 Jan
13*4 J ’ly 21% A p r
40 A pr 70 May
3 3 j4 D e c 49 78 J a n
9 8 34 D e c 1 0 7 4 Jan
4 0 % May 83 >8 J a n
85 J ’ ne 112 4 Jan
17 May <> 1 4 N ov
130*8 A p r 18134 Jan
18*4 J ’Jy 28 A p r
74 “2 May 85% A p r
51
Jan 7-* “s Sep
138 Jan 199 Ja£
91 J ’ly l l '2 78 J an
*156 D ec 1 8 i O ct
16 Si ^ep 2 6 14 J an
80 D ec 90 J a n
48
t>ep *9 5 Jan
28 Jan 60 May
79 Jan 92 May
54 J ’ly 84*8 Sep
62 Ma>
113*2 Jau
12 May
82 Sep
66 M ay
100*4 J ’ 11*
133 J ’ ly
»7 4 N ov
2 8 34 j ’ne
88 J ’ly
13 *4 Mas
50 J ’ly
43 .M»j
95 Ala>
180 D e c
44 May9734 J ’ly
22*4 May
91 May
6 8 4 J ’ ly
10 l *, O ct
129 J an
60 Mu)
5 4 bep
52 O cl
43 4 May
» 3 *4 D ec
109 May
75 A u g
•24 M ai
60 Mai
38 J ’ly
xioiifej J ’ly
75 Aiaj
32% J’ ly
9 8 a4 J ’ ly
31 J ’ly
104 J ’ly
38 May
233 M ar
* 8 3 *4 D ec
148 A u g
162 N o v
7 J 4 D ec
I I 8 4 O ct
a8 J an
8 8 Si M ai
95 >8 J an
106*4 Jan
i 6 3 34 j a n
107 Jan
5 1 4 Jan
103 Jan
I 8 4 No-v
62 4 j an
64 a J an
105
F eb
2 iO N ov
62 j4 J a n
107 J a n
*1% Deo
110 *2 J a n
97 4 j a n
li3
Apr
$106 N ov
88 O ct
15*4 J au
84 Jan
53 Jan
96% J an
138 4 J an
94 ^ Jan
40% J nf
84 J u «
5 J 4 O ct
*1 1 5 Jan
* 8 7 Hi Jan
50*4 O ct
113*4 J an
58 J a n
1 1 7 4 J an
93 D eo
305 O ct
9 4 *4 J an
176 J an
188 Jan
BAN K S AN D TRUST COMPANLE^—BROKERS’ QUOTATIONS
A sk
Banks
U n ion E x ch l 2 4 2 4 252 4
130
U S E x ch a ’ eli 115
..........
W a s h .H ’ ht.sl 225
W e s t S id el).. 600
Y o r k v iile ’u .. 400
..........
B id
Banks
BROOKLYN
B id
A sk J T ru st C os.
: N. T. CITY
; B a n k ers’ T r .
1B o w l’ gG reen
410 i B road w ayT r.
| C a rn e g ie . ..
C e n tra l T r ’ at
B id
550
440
F irst............... 390
157
H om e Banklj 160
195
.\laiiuiactr8’ . 4u0
2025
M ech an ics',t . 326
400
N a s s a u ......... 250
j C o lu m b ia ___ 240
BIiOOK.LY.NN at C it y ........ 305
.......... C o m m e r c ia l. 205
N orth S id e V 300
. . . . . . C om m on w ’ th
P r o s p e c t Pk l 160
B orou g lit!___ 160
165
! E m p ir e ......... 310
B roa d w ayll.. 415
T e r m in a l___ 130
) .-55
E q u ita b le T r 425
.B rook lyn *,1 .. 140
U n io n s .......... 215 •J30 |Farm lx> & T i 1320
i '50
t B ui and asked p rices; n o sales ou tliis day. J D ess than 100 shares,
•bale at S to c k E x ch a n g e or at a u ctio n this w eek o E x s to c k d ivid en d .
A sk
T ru st C o ’s
580
4 50
162
205
2100
410
•200
F u lt o n ...........
G u a ra n ty T r
G u ard ian T r
H u d s o n ........
K n ic k ’ r b ’ k ’ r
L a w T I ifcTr
L in c o ln T r ...
M a n h a tta n ..
M e rca n tile ..
M etrop olitan
M o rto n T ru st
M u t u a l .........
115
320
450
1340
A sk
T r u s t C o ’ s B id
555
M ut. A llia n c e 205
330
N V LifecfcTr 11010
515
N ew Y ork T r
235
S ta n d a n lT r ’ t 400
105
T it le G u & T r 570
1160 1400 T r Co o f A m . 790
275 280
1325
1390 3 9 0 4 U S M t g & T r 470
470 490
U n it s t a t e s . 1275
850
V a n N ’d e n T r
595
585
W a s h in g to n . 400
700
W in d s o r ........ 200
130
120
B id
310
485
225
A sk
215
426
810
1350
490
315
•215
T r u s t C o ’ s B id
BROOKLYN
B r o o k ly n T r 440
150
270
F r a n k lin ___ 315
H a m ilto n ___ 330
160
J e n k i n s ........ 200
K in g s C o ___ 4.50
L I s l L & T r . 315
N a s s a u .......... 270
P e o p le ’ s ........
W ilfia m a b ’ g . 220
t E x -r ig h ts . b N e w s tock ,
c E i - d i n d e n d an d righ ts,
s T r u s t Co. ce rtifica te s. H Banka m arked w ith a paragrap h (fl) are S tate ;
At
460
160
3 7,5
350
175
205
330
?8 0
3*i0
230
6
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
0 ( !< !U H V 1N «
BON US
J*. Y . S T O C K E X C H A N G E
WKKK E ’fTtlNO JAN' 25
ti. s . t m >v e r n m e iu
U S 2s co n so l r e g is t e r e d .d l9 3 i’
U S 2s co n s o l c o u p o n ___ d l 9 3 o
U 8 3s r e e ia te r e d ............. fcl91fU 8 3s o o u p o n .....................fcl91tU 8 3s r e s sm all b o n d s ..k\91b
U 8 3 s co u sm all b o n d s..fcl9 1 >
U S 4s reelst-ered ............. 41907
U S 4s o o u p o n ....................41907
U S 4s re g iste re d .................1926
TT S 4s c o u p o n ............. .........1925
TJ S P ..n C '£ il 10-30 y r 2 s .fc K 3
Fh l1'»tii'>e Islands 4s_1914-34
P ill) wk>- a: d im p re - 4s 193.r
P u b w k s an d im p r e g . . . litiit
Koreiarn < *overiiin en t
Jap a n ese G o v t 6 s ste rl’ g.1 9 1 1
2d series Os........................ 1911
£ loan 4 ^ s c t is fn ll p d . 1926
2d series 4 *28 c tfs fu ll paid.
S loan 4s c tfs fu ll p a id .. 1931
R ep u b o f C u ba 5s e x te n d e b t ..
U s of M e x ico s t g 5s of 1899
G old 4 s o f 1 9 0 4 ................. 1954
S t a t e S e c u r i t ie s
A labam a c u r r fu n d 4 s ___ 1920
D ist o f C olu m b ia 3 -6 5 s ___ 1924
Lou isian a n e w con sol 4 s . .1914
N orth C a rolin a c o n s o l 4 s .1910
6s ............................................ 1915
S o C a rolin a 4 *28 2 0 -4 0 ........ 193b
T en n n ew se ttle m e n t 3 s ..191^
S m a ll.......................................
V irgin ia fu n d d eb t 2 - 3 s . . . 1991
6s d e fe rre d B r o w n B ros c tfs .
/V ic e
F rid a v
J a n 25
Q-J
q .j
Q-F
li-t
Q-F
y -J
Q-J
y -F
Q *
Q N
W eek's
B a n y e or
Last Sale
R ange
S ince
J an u ary 1
Hiah
BlO
Auk Low
10434 105*2 L04 N o v ’ Of
1 0 4 3* i05*2 105*4 D e c
102 102 *2 1-03*2 A u g ’06
lu 3
10234 103*4 103
107 J ’ n e ’02
1 0 2 * 4 ......... 101*2 O ct ’0
10 i >34 101*4 1 0 0 7„ •Tan ’ 07
11-0*4 101*4 1 0 0 7s J a n ’ 0
1 2 « 34 129 ><. 130-s N o v ’ Of
!2 9 34 130*5 129 S2 Jan ’ 07
1 0 3 y4 104*4 105 *6 O ct ’ 06
M ay’ 06
109 *2 . . .
111
n
n
j -j
F-A
J -J
J -J
A -0
J-J
J -J
J -J
J -J
1 0 2 7a 103*#
1007g 10(>7f
1007b 1 0 0 'f.
129 >2 129 *i
9S3, 174 96*4 98 34
t 99'.! Saifc
98^
99 *? lfc6 9 0 7s 99*2
i 99 *5 Sale
98
9 4 ;V 355 91=8 94»s
T 94 Sale
9 :!58
? 91 Sale
9 0 a4
91V 19U 90*8 92 7g
t 85 Sale
84*2
85*4 426 82*4 S5*4
103 >s l s - 101*8 103 V
tluH*^ Sale 102
99
10 9Cv*8 99
t 9 9 * 4 ........
99
937, 81 93*2 94
9 3 38 94
9 3 34
hese a re p r ices 0 n th e I a*'*- 0/
to £ .
U 1 M a r’ 02
117*2 J’ n e ’ Ol
105*2 D e c ’ ti4
101 J ’l y ’ Ob
1 2 2 J ’ ne’06
120 M a r’ Oi
97H 9634 A u g ’06
95*2 D e e ’ 04
95 *4 9 5 34 J a n ’ 07
20
22
20
101
126
9 5 34 9534
20
20
K a il r c a i!
a C en t See S o R y
A labam
laba M idi s e e A t C oast L in e
A lb a n y & Susa See D el & Hun
A lle g h e n y V a lle y <S'ee Penn HP
A U eg <ft W es t s e e Butt K & i
A n n A r b o r 1st g 4 s ..........4 1996 Q-J
A t« h T & S F e—G en g 4 s . 1995 A-C
R eg istered .......................... 1995 A -O
C on v g 4 s ............................ 1955 J -D
W arran ts fo r 5 0-yr c o n y 4 s ..
A d ju stm en t g 4 s ............4 1995 N ot
R e g is t e r e d ...................41995 N ov
S ta m p ed........................ 41995 M-N
D e b e n tu r e s 4s S eries FI. 1907 F-A
S eries F ............................1908 F-.\
S eries G ............. . ............190! F-A
S eries H ...........................1910 F A
S eries 1 ............................ 1911 F-A
S eries K ...........................1913 F-A
E a st O kla D iv 1st g 4 s . .1 9 2 8 M -S
A tl K n o x & N See L & N
A tla n tic C oast 1st g 4 3 .4 1 9 5 2 M -8
C h arles & S av 1st g 7 s . . 1930 J-J
S a v F * W 1st g old 6s . . 1934 A-O
1st gold 5 s .......................1934 A-O
A la M id 1st g u g old 5s ..1 9 2 8 M-N
Bruns<fc W l s t g u g 4 s ..1 9 3 8 J-J
L <fe N c o ll g 4 s ............... 01952 M-N
Sil Sp O ca & G g u g 4 s ..1 9 1 8 J - J
A tla n tic & D a n v See S outli Ry
A u stin & N W -See S ou P a cific
T »a lt & O hio p r io r 1g 3*23. 1925 J - J
■D R e g is te r e d ................. 419 25 Q -J
G old 4 s ..............................419 48 A -O
R e g is t e r e d ...................41948 Q-J
P J u n & M D iv 1 st g 3 *281925 M-N
P L E * W V s Sys re f 4 s l9 4 1 M-N
S o u th w D iv 1st g 3 *2S-. .19 2 5 J -J
R e g is t e r e d ...................41925
M on on R iv 1st gu g 5 s .. 1919
Cen O h io R 1st c g4*2S..193<j M S
P itts O lev & T o l 1st g 6s 1922 A-O
P itts tfe W e st 1st g 4 s . ..1 9 1 7 J -J
B a t C reek & 8 See M ich C en t
B eech C re e k A « e S Y C & H
B ellev <fe Car See I llin o is Cen;
B k lyn <fc M on ta u k See L o n g 1
B run s <fc W est s e e A t l Coast L
B u ffalo N Y <fc E rie See E rie
B u ffalo R & P gen g 5 s . ..1 9 3 7 M-S
A ll & W e s t 1st g 4s g u ,.1 9 9 t A -C
Cl & M ali 1st gu g 5 s___ 1943 J -J
R o c h & P itta 1st g 6 a ...1 9 2 1 F-A
C on sol 1st g 6s ............. 1922 J-D
Bu ffalo & S o u th w e s t See E n e
Butt & Susq 1st r e f g 4 s .d l9 5 i J -J
B u r C B & X See C R X & P
/'Canada S ou th 1 s t 5 s ........1908 J-J
V^2d 5 s ...... .............................1913 !M-S
R e g is t e r e d .. . .. ............. 191; M-S
C arb & Sh a w n See 111 C ent
C arolina C en t See Seat) A ir L
C a rth a ge <fc A d See N Y C 4 H
Ced R l a F & N s e e B U 1 U N
C e n B r a n c h U P l s t g 4 s . . , 1 9 4 8 J-D
C en B r a n ch R y See M o P ac
C en t o f G a R R l e t g 5 s ..p l 9 4 5 F -A
C on sol gold 5 s ...................1945 M-N
R e g is t e r e d .......................1945 M-N
1st p ref in com e g 5 s ___ p l 9 4 5 O ct
2d p r e f in com e g 5 s ___ p l9 4 5 O ct
3d p r e f in com e g 5 s ___ p i 945 Oct
C hatt D iv p u r m on g 4 s . 1951 J-L>
M a c <fc N o r D iv 1st g 5S .194 6 J - J
M id G a & A U D iv 5 s ___ 1947 J-J
M o b ile D iv 1 s t ? 58........1946 J-J
ti
90 Sg Sale
102 Sale
1003s
104*4 Sale
....
.....
92 4
9 2 * a .........
101 ........ .
9 9 3t ____
973*
97-*»_____
96 ........ .
94 ........ .
....
98 *« Sale
90*2
90 k8
1017b 102*2
101
1<»1
101
1053,
104*4 O ct ’ Ot
92*2
92*2
95 Sep ’05
92*2
92=8
99 ®8 M ay’ 05
99*4 O ct ’ Ot
100*s J a n ’ 06
97 D e c ’ 06
98*2 X’o r ’ O'i
94 N o v ’06
9 5 34 A u g ’ Ot
97*2
98^
90 Hj 9 0 34
101 102*2
51
.....
92*4 Sale
92 H
92*4
95 J ’ n e’ 06
i o a " Sale 101^4 102
101
100
1013s
* » a " 90 J a n ’ 07
95 *s
95 *2
"9 5 "
9iJ*t) bale
90
90*4
89 O ct ’ 06
87®8
l O S W l y ’Oo
105 *<j
109 A p r ’ OC
100*4
110
119*2 M a r’ 04
96 O ct ’ 06
118 *8 ......... l l f i ' f N o v ’ 06
1 0 2 *8 ........... 102 J a n ’07
........ 103 A p r ’ 97
122 123
124 A p r ’ 06
1 2 1 * 4 .......... 1257b N ov ’06
110
100*2 Sale
105 *a bale
1 04 *4
.....
10134
104
108*4
97*4 0S=4
89
89 *i
9a
93
i l u *4 i o a w
100 101*2
89*a 90
95
95*2
89*a 90*2
102
94®b 90*4
100
100*2
105*2 105*2
11:3 N o v ’06
100 100*4
104*2 105*2
N o v ’ 06
119 ......... 118*4 D e c ’ 06
110=4 Sale n o
i i o 3<
113 A p r ’ 06
9 0 Sale
90
90
.......... 76
73*2
75
........ 66
63*2
63*2
9 0 * 4 ......... 93 J ’ n e ’06
107*2
115*2 D e « ’ (>5
1 0 7 4 ......... 115 N o v ’ 05
109 *2
115 *2 A u g ’ 05
109*2 111
90
90
7S*2 75 \
63*2 65
.....
.....
M 1S C E I / M S E O B S
S t r e e t K a ih v a y
B r o o k ly n R a p T r g 5 s ____ 1945 A-O
1st refu n d c o n v 2 4 s ___ 2002 J -J
B k C it y 1st co n 5 s . 1916.1941 J -J
B k Q C o & S con g u g 5 s. 1941 M-N
B k ly n U n E l 1st g 4-5S .1950 F-A
S tam ped ^ uar 4 -o s ___ 1950 F-A
K in g s C o E l 1st g 4 s . . ..1 9 4 9 F-A
Stam ped smar 4 s ......... 1949 F-A
N assau E lee g u g 4 s ___ 1951 J-J
C on n Ry<fc L i s t * retg4>t2S’ 51 J -J
Stam ped c u a r 4 * 2 3 ......... 1951 J - J
Den Con T r C o 1st 2 5 s . ..1 9 3 3 A<>
D e t U n ited 1st c o n g 4 *28.1932 j - J
H avan a F.lec c o n so l g o s . 1952 F A
I n te r -M e t c o ll 4 **is............. 1966 A-O
I n t e r n a l T r a c c o ll tr -is.. 1949 J - J
L ou is H r Go 1st con tr 5 s. .1 9 3 0 J -J
J la n ila E le c lst<fe c o ll 5 8 .1 9 5 3 M -S
106
05 J a n ’ 07
8 9 34 Sale
89
90 <v
10234 109 1 0 2 34 10234
101*2 100 O ct.’06
1 0 6 * 2 .......... 107*2
108
110 F e b ’ 96
90*2 D e c ’06
b S *2 91
88*2
H3*2
84 Sale
84
84
103
1 0 3 34 N o v ’ 06
101*2
104 D e c ’ 06
95 J ’ n e ’ OO
89*" 9 0
93 *4 O ct ’06
92 Rale
91
1)2
80*2
8 1 34
81*4 Sale
7934 Sep ’ 06
10!) M ar’ 98
98 M ay’ 06
•Jfo p noe Friday; latest price this week.
102
96*4
95
91>a.
101
92 7S
1 2 9 * « ......... 13278 J a n ’ 06
1 1 4 * 8 ...
1 12°8 Jj*11 ’ 94
1 1 0 34 ...
1145g N o v ’05
9a ...
99*2 M a r’ 06
89*2 89
89*^
9 4 ° g ......... 96 34 D e o ’ 06
95 *a 96 H. 95
aD aeJan
P A «K * <
BONDS
N . Y. S T O C K E X C H A N G E
W k KK EN’ DIN'I J a '-" 25
Price
J a n 25
Low ±i iy/i
Q -S
Q-F’
A-O
A -O
F-A
J ■J
J -J
M-fc>
KOFK
cl Due A p r
Siit
as
107 ........
125 *2____
124*2 125J
11 0 ^ ll^i*
3 0 2 * 2 .......
100
100 ........
....
Rant/e
s in c e
J a n u a ry 1
Low
H i'//•
10x J a n ’ 07
126
l-.'ti1,
124 V>J a n ’ 07
11034 1103,
Low H iqti
106*2 10r<
125 1^6*4
124 <2 124*2
110 *2 1 1034
100*2 J a n ’ u7
iU0 j a u ’ 07
9 9 ‘4 100
100 100
103*4 ......... 103 D e c ’ Ot
N o v ’Ot
i 0 5 _____105
1 15*4
115 ......... l l . i i
J ’ n e ’06
......... 1116
105
l o 4 \ Sale 104
104 \ 104 M uy’OO
102 *2 ......... 112 F e b ’Ot
!00*4 J a n ’ 07
i.9
1*7*2 D e o ’ 06
9 - *2
107
113*4 h eh ’05
99 “4 F’ e b ’ 06
80
79
79*2 80
75 s
bait
75
-------- 80*8 M ay’05
100*2 .......100*2 J a n ’ 07
92*
92*4 Sal-i I 91*2
90 Sep ’ 0
102 *h Sale 1 0 l 7s 1 0 ^**
104
110*4 Jan ’0
100 101
100=8 D e c ’ 06
10 L*2
101=8 1 0 i»i
1 0 1 *4 D e o ’ Ob
t o o J ’l y ’ 06
1024
I 0 8 7s Sa le
93
100 78
131*2
1 1 6 34 I I 734
__
112
125
102
105
106*2
...... 107*4
107*2
90-*a
1 l o ‘g
ill-#
104
1 i 0 34 s a lt
lOO-’t
122^8
106 78 108
101
..........
108:*g
101 *4
10434 s a le
104
10S *8
104*2
109
122
102*2
99*2
97 \
96*2
ib ti'^ : : : : : :
115
116
i'0’4” i ’o5*i
99 “2 100*2
SO
76^
1.10 *2100 *s
91*2 92*4
10134 i o 2 * i
10 i =a i o i '34
103 Jan ’ 07
l o « 7» 1 0 8 7f
92 O ct ’ 06
10078 J a n ’ O'
13^ Oct- ’ OG
117*2 J a n ’ 07
118*2 F’ e b ’ o t
115 J ’l y ’ 06
102 V? 103
1 0 8 7g 109
126 J a n ’07
I l l ’ s J a n ’ 07
105 ^ b e p 06
104 *2 J a n ’ ()7
106*2 1' 634
104 *2 O ct ’ 06
92 J a n ’ 07
II 5*4 O ct ’ 05
112*2 Jan ’07
108 A p r ’Ot
11034 i l O 3,
110 J ’ n e’ 06
137*2 J ’ l y ’ 9!
110 O c t ’ 06
106 A u g ’ o4
182*2 A y r ’ 06
III
iS<>\’ 06
106=8 A p r ’ 05
10434 11'434
104 Jau ’ u7
112 O c t ’ 06
105 D e c 06
115 F’e b ’ 06
121 N o v ’ Ob
102 J a n ’ 07
101 J ’ l y ’ 06
9734 J a n ’ 07
96 N o v ’ 06
111 O c t ’ 06
114*2 F e b ’ 06
10634 N o v ’ 06
120 128
U 1 78 1 U 78
ib'678 ioi**a
116*2117*2
104'^ io ‘4 *i
106 106*4
' 9*0*2 * »T ‘
i i " i ‘*2 i*ia *i
i i o ’ " i i o ’i
104
104
1 0 4 34
104
102
102
9734 " 98*
101=8 : : : : : :
1 0 0 l4 101*2
104
1 07" i'0'7 ”
101 Sep ’ 06
......... 107 J a n ’07
108’ 4 J a n 04
113*3 Sale 113*2
117 F e b ’ Ot
..........114
101*2
...
1 0 i :'4 . . I . . .
102 ....... .
1 0 2 * 4 .........
1 2 2 * 8 ...........
116*4.........
121)38_____
124 *4.........
101
100 .........
1 16 *4.........
11 4 *4 .........
100 *2 Sale
....
ii3*-j i'14 **
105*4 D e c ’ O;
101*8 Sep ’ 06
102 >2 D e c ’ 06
122*2 D e c ’ 06
116*2 O ct ’ 06
142*2 F e b ’ 02
128*2 i'eb’06
101 O c t ’ 06
10!t Sep ’ 03
116*2 116 *•_
118=8 N o v ’Ot
loo
100*2
10u34 Sep ’ 06
91*4
9 l 34
94=8
97 J ’ l y ’ 04
fc3 *»____
92*2 N o v ’ 06
91
........' 90*4 J an ’ 07
9 0 ‘s ____
93 M ay’ 01
90 . . . . ' 89*2 M ay’06
89 *2......... 90 M ay’ 04
7 6 *4 Sale
7 5 34
76*2
79 D e o ’05
90 Sale
89
90 3g
102 *®May’ 06
i 'i a "
117 J a u ’ 07
12 0 *2 M ar’ O3
10T *
111 N o v ’ 05
91 *2 Sale
.....
1 1 6 * 2 l l 6 '«
9934 ib ’o '*
y i *8 'b 'i» 4
90*4 ’ 0 6 "**
7534 77
”» i*
I l f U 7*
102 .
109 N o v ’ 06
107=8 103
111 M ay’ 06
..........1 1 0 ‘s 1053a N o v ’ 06
H O M > s — C o n tin u e d o n N e x t P a g e .
105 105
89
95**8
10234 10234
io o s i L b s"
8 8 *a 88*2
84
Oen R R & B o f G a c o l ar r>s 193 VI-N
J e n t o t N J g e n ’ l gold 5 s . 198 J -J
R e g is t e r e d .................. 41987 4 -J
A m D o ck & Im p gu 5 s . . 1921 J -J
Le & H ud R gen tru gS s 1921 J - J
L eh ifc W ilk s 15 Coal 5 s . .1911 M-N
Con e x t g u ar 4*28___ </191< Q-M
N Y & L o n g Br g e n g 4s 1941 M-S
C en t P a cific «Vee So P a cific Oo
Clias & S av See A t l C oast L in e
C hes <& O hio g 6s ser A ..4 1 9 0 b A-O
G old 6 s ................................a l9 1 1 A -O
1st c o n s o l s 5 s ...................1939 M-N
R e g is t e r e d ...................... 193i M-N
G e n e ra l gold 4*28............1 9 9 2 VI- S
R e g is te r e d .......................1992 M-S
C ra ig V a lle y 1st g 5 s ___ 1940 J -J
R & A D iv 1st co n g 4 s . .1989 J-J
2d co n s o l g 4 s .................1989 J -J
W arm S pr V a l 1st g o s . .l 9 4 1 M-S
G re e n b r ie r R y 1st gu g I s ’40 M-N
C h icd s A lt R R r e f g 3 s ...1 9 4 ! A-O
JiaU w ay 1st lie n 3 *28...1 9 5 0 J .J
R e g is te r e d .......................1950 J -J
C lu e B u rl & Q— D en v D 4 s 1922 F-A
I llin o is D iv 3*23............... 194V J -J
R e g is t e r e d ...................... 1949 J -J
G o ld 4 s ............................. 1949 J -J
I o w a D i v s m k fund 5 s . . 1919 A-O
S in k in g fu n d 4 s ............. 1919 A -O
N e b r a s k a E x te n sio n 48.1927 M-N
R e g is te r e d ...................... 192 M-N
S o u th w e s te rn D iv 4 s ___ 1921 M-S
J o in t b o n d s See G rea t N orth
D e b e n tu re 5 s .....................1913 M-N
H an & S t J o s co n s o l 6 s. .1911 M-S
Chic<fc E 111r e f & im p g 4s 1955 J - J
1st s f c u r 6 s .....................190'“ J -D
I s t c o n s o l g 6 s................... 1934 A-O
G e n e ra l c o n s o l 1st 5 s___ 1937 M-N
R e g is te r e d .......................1937 M-N
C h ic & Ind C R y 1st 5 s .l9 3 t J-J
C h ic a g o & E rie See E rie
C h ic In & L o u is v re f 6 s ...1 9 4 7 J -J
R e fu n d in g g old 5 s ............1947 J -J
L o u is v N A <& Ch 1st 6s. 1910 J -J
C h ic M il & S t P term g 5 s 1914 J -J
G en eral g 4s se rie s A . . e l 9 3 9 J - J
R e g is t e r e d .....................e l9 8 9 y -J
-j
G e n e ra l g 3 *28 se rie s B .e l9 8 9
C h ic & L Su D iv g 5 s . ...1 9 2 1 j - j
C h ic <fc M o R iv D iv 5s . ..1 9 2 6 j - j
C h ic & P a c D iv 6 s ............1910, j - j
C h ic & P W 1st g 5 s ........1921 j - j
D a k & G t S o g 5 s ............. 1910 j - j
F a r & S ou assu g 6 s ........1924 j - j
H a s t <fe D D iv 1st 7 s ........ 1910 j - j
1 st 5 s ................................. 1910 j - j
I * D E x te n 1st 7 s ..........1908 j - j
L a C r o s 8 e & D 1st 5 s ___ 1919 j - j
M in e ra l P o in t D iv 5 s ___ 1910 j - j
So M in n D iv 1st 6 s ..........1910 j - j
S o u th w e s t D iv l s t 6 s ___ 1909 j - j
Wis<fe M in n D iv g 5 s ___ 1921 j - j
M il & N o 1st M L 6 s . ...1 9 1 0 J -D
1st C4 ’•sol 6 s ................... 1913 J-D
C h ic & N o r th w co n s 7 s ___ 1915 Q-F
E x te n s io n 4 s ..........1886-1926 F-A
R e g is t e r e d ............18S6-1926 F-A
G e n e ra l g o ld 3*23............. 1987 M-N
R e g is t e r e d ................... p l 9 8 7 Q -F
S in k in g fu n d 6 s ...1 8 7 9 -1 9 2 9 A-O
R e g is te r e d ............1879-1929 A-O
S in k in g tunil 5 s . ..1 8 7 9 -1 9 2 9 A -O
R e g is te r e d ............1879-1929 A-O
D e b e n tu re 5 s .................... 1909 M-N
R e g is t e r e d .......................1909 M-N
D e b e n tu r e 5a.....................1921 A-O
R e g is t e r e d ...................... 1921 A-O
S in k in g lu n d d eb 5 s ........1933 M-N
R e g is t e r e d ...................... 1933 M-N
D e s M o <fc M in n 1st 7 s ..190' F-A
N o rth Illin o is 1st 5 s ___ 1910 M-S
O tt C F & S t P a u l 1st 5s 1909 M-S
W in o n a & S t P e t 2d 7s. .1907 M-N
M il L S & W e s t 1st g 6s 1921 M-N
Extdfc Im p s fu n d g 5 s 1929 F-A
A sh la n d D iv 1st g 6 s ..1 9 2 5 M-S
M ic h D iv 1st g 6 s ..........1924 J - J
C o n v e r tib le d e b 5 s ___ 1907 F-A
I n c o m e s .......................... 1911 M-N
C h ic R o c k l s i & P a c 6 s . . .1 9 1 7 J -J
R e g is t e r e d ...................... 1917 J - J
G e n e ra l g o ld 4 s .................1988 J -J
R e g is t e r e d ...................... l a s s J -J
R e fu n d in g g 4 s ............... 1934 A-O
C oll t r u s t S e n e s H 43 ..1 9 1 0 M-N
J 48 ................................... 1912 M-N
M 4 s................................... 1915 M-N
N 4 8 ................................... 1916 M-N
O 4 s .................................... 1917 M-N
P 4 s ................................... 1918 iVI-N
C h io R I & P a c R R 4 s . . 2002 M-N
R e g is t e r e d ......................2002 M N
C oll tru st g old 5 s ..........1913 M-S
Bur C ed R <fc N o 1st 5 8 .1906 J-D
C on 1st <fc c o l tr g 5 s __ 1934 A-O
R e g is te re d ................... 1934 A-O
C R IF
N W 1st gu 58.1921 A-O
D
M & S t L 1st g u g 7 s .. 1927
C h o c O k & G g e n g 5s .01919 J - J
C o n s o l gold 5 s .......... ...1 9 5 2 M-N
K e o k & D i-sM 1st 5 s___ 1923 A-O
O bic - t L & N O See 111 C en t
W eek's
tia nye or
Last Sal<»
85
91
93
80*4 82
S tr e e t R a ilw a y
M et S t R y g e n c o l t r g 53.1997
R e f g 4 s ................................2002
B w a y < & 7 t h A v ls t c g 5 s l9 4 3
C o l& 9th A v 1st g u g 58.1993
D ex A v <fc P F I s t g u g 5 s 1993
T h ir d A v e R R co n g u 4 s 200 0
T h ir d A v e R y 1st g 5 s . .1 9 3 7
M et W S El (C lu e) l s t g 4 s . 1938
M il E l R y & L 3 0-y r g 58.1 9 2 6
M in n S t R y 1st c o n g 5 s . .1 9 1 9
N O rl R y <fc L t ge n 4*28 ..1 9 3 5
S t Jo< K y L t H & P 1st g 5s *37
s t P a u l o n y Cah co n g 6s . 1937
U n d ergrou n d o f L o n 5 s . .. 1908
U nion El (C lilc) 1st g 5 s . . 1946
U nited R lt s San F r s t 4 s . 1927
U nited R y s S t L 1st g 4 s . 1934
c h i c 8 t 4 0 -y r co n e 5 s . 1 93 6
elhisintuy jD a e J 'u #
4D ue J ’ly
F-A
A-O
J -D
M-S
M-S
J -J
J -J
F-A
F-A
J -J
J .J
M-N
j J
J -D
A O
A-O
J -J
M-N
fcD u e A u e
10834 Jan ’07
1 08 109
84
85
85 Sale
110*2 Sale 110*2 110*2
113*8 J a n ’ 0^
113 115
1 13j4 D e c ’ 06
113*2 114
88*2
89
89 Sale
..........114*2 114*4 Jan ’ 07
93*2 J ’ l y ’ 06
109 J ’l y ’ On
107*2 F e b ’ 06
90 *2 s e p ’ 06
89
90
103*4 O ct ’ 0 d
107 ........- 110 *2 N o v ’ 06
92
93
92 Sale
100 J a n ’07
82*2
82*2 82*2
85
86*2 N o v ’ 06
99 D e c ’97
oD ae Out
pD ueN or
108 1 0 8 \
84
85
110 *9 113
113*8 1 1 3 4
88 ** '8 9 '*
112*4 114*4
92*4 94
100 1 0 0
82*4 83*4
s Option S*i<
Hew York Bond Record— Continued—Page 2
jan. 26 1907.]
BONUS
V . Y . STOCK E X C H A N G E
W k k k E n d in g J a n 25
C h ic H th its P itts See P e n n Co
O lnc S t P M cfc C c o n 6 s . ..193(1
C on s 6s red u ced to 3 *28.1930
Cli 8 t P cfc M in n 1 s t g 6s 1918
N o r W iscon sin 1 st 6 s ...1 9 3 0
S t P & 8 C ity 1st g 6 s . . .1919
C h ica g o T e r T ra n s g 4 s . ..1 9 4 7
C ou pon o f t ...............................
C h ic cfc W e s t Ind g e u g 6s 91932
C on sol 50 y e a r 4 s ............. 1952
C h ic & W M ien nee P e re M arq
C h oc O cfc G u lf See C R l & P
Oln H & D 2d g old 4 >28. . . 1937
G in D & I 1st g n g 5 s . ..194 1
C F in d cfc F t W l 8 t p u 4 a g . ’ ‘2K
Cin. 1 & W 1st g u g 4 8 .1 9 5 3
0 I S t 1. & C See C C C & St L
Cin S * C See C C C S t u
O learneld & M ali See B R & P
C lev Cin C & S t JLi gen a 4s 1993
Cairo D iv 1st gold 4 s — 1939
C in W cfc M D iv 1st g 48.1991
8t L D iv 1st co l tr g4s.,1 9 9 l>
B e g is te r e d ...................... 1990
8 pr cfc Col D iv 1st g 4 s . .19 4 0
W W V al D iv 1st g 4 s . . .1941*
0 I St L & C con sol 6s . . 1920
1st gold 4 s ...... ............. /cl93C
R e g is t e r e d ............... fcl936
Oin 8 & Cl con 1st g 6s. .1 9 2 8
0 C C <te 1 co n s o l 7 s ..........1914
C on sol s in k fu n d 7 s ___ 1914
G en eral co n s o l gold 6s . 1934
R e g iste r e d ...................1934
In d B l cfc W 1st p r e f 4 s . 1940
O Ind cfc W 1st p f 5 s ...< tl9 3 8
P eo cfc E ast 1st con 4 s . ..1 9 4 0
In c o m e 4 s ........................ 1990
01 L o r «fc W li c o n 1st g o s . 1933
C lev cfc M arietta See P en n R R
C lev cfc M ahon V a l g 5 a ...19 3 8
C lev cfc P itts See P en n Co
Col M id lan d 1st g 4 s ..........1947
Colorado cfc Sou 1st g 4s . ..1 9 2 9
Colum cfc G re e n v See So R y
Col & H o ck Val See H o ck Va.
C ol <ft T o l See H o c k V a l
Col C on n cfc T erm See N & W
Oonn cfc Pas R iv s 1st g 4 s . 1943
ak & G t So See C M & St P
alias <fe W a co See M K & '1
D el l>ack cfc W e s te rn 7 s . ..1 9 0 7
M orris cfc E ssex 1st 7 s . ..1 9 1 4
l s t c o n s o l guar 7 s ........1915
R e g is te r e d ...................1915
1st r e f g u g 3*28............200v
N Y L a ck cfc W 1st 6 s . . .1921
C on stru ction 6 s ............1923
T erm cfc im p ro v e 4 s ___ 1923
8 y r B in g cfc N Y 1st 7 s ..l9 0 t i
W a rren 1 s t ret g u g 3 *28.2000
D el cfc H u d 1st Pa D iv 7 s .1917
R e g is te r e d ...................... 1917
10-yr c o n v d eb 4 s ........... 1916
JlU> cfc b u s c o n v 3*28........1940
ttens cfc Saratoga 1st 7m.1921
D el R iv H R B r id g e See P a HR
Denv<fe R G r 1st c o n g 48.1 9 3 6
C on sol gold 4 **28. . . . . . . . . 1 9 3 0
Im p ro v e m e n t gold 5 s ...1 9 2 8
R io G r W e s t 1st g 4 s ___ 1939
M g e and col tru st 4 s A .1 9 4 9
U tah Cen t 1 st g u g 4s <*1917
R io G r So g u See R io G r So
D e s M o i& F t D « e e M < fc S tL
Des M cfc M in n See Ch cfc N W
Des M oi U n R y 1st g 5 s . .1917
Detcfc M ack 1st Hen g 4 s . 1995
G old 4 s ................................. 1995
D etroit S ou th ern —
O hio S ou D iv 1st g 4 s . ..1 9 4 1
Duicfc Iron R a n g e 1 s t 5 s .. 1937
R e g is te r e d .......................... 1937
2d 6 s ..................................... 191o
D ul S h ort L in e See N o r P a c
D ui So S h ore cfc A tl g d a ..1937
L 'a s t o f M in n
S t P M <fe J!
H ia st T e n V a & G a See So Ry
E lgin Joltfc E ast 1st g 5 s . 1941
Elm C ort & N o See Leh & N V
E rie 1st e x t gold 4 s ............. 1947
2d e x t gold 6 s ___ __ ... .. 1 9 1 9
8d e x t g old 4 4 s .................1923
tth e x t g olu 5 s ...................1920
5th e x t gold 4 s ...................1928
1st oon sol gold 7 s ............. 1920
1st co n s o l g tund 7 s ........1920
E rie 1st con g 4s p r io r ..1 9 9 6
R e g is te r e d ...................... 1990
1st con sol gen lieu g 4 s ..l 9 9 t
R e g is te r e d .......................1996
P en n coll tr g 4 s ............. 1951
50-year c o n v 1 » A ..........1963
Bull N V cfc E rie 1st 7 s ..1 9 1 6
Butt cfc S W gold 6 s ..........1908
C h ic cfc E rie 1st gold 5 s ..1 9 8 2
Jett R R 1st gu g 5 s ___ o l9 0 9
L on g D ock con sol g 6 s . .19 3 5
Coal cfc R R 1st c u r g u 6s. 1922
D ock cfc Im p 1st c u r 68 ..1 9 1 3
N 7 * G reen L gu g 6 s . 1946
N Y S us cfc W 1st r e f 5 s . 1937
2d gold 4 ^ 8 .....................193
G eneral gold 6 s ............. 1940
T erm in al 1st gold 5 s . ..1 9 4 3
R e g is 55,000 e a c h ...1 9 4 3
M k l R R o t N J l s t g 6 s .1910
W ilkcfc Ea 1st gu g S s .1 9 4 2
Ev<& Ind 1st con g u g 6 s . . l 9 2 6 ,
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126
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93 D ec ’ 03
133*4 O ct ’ 06
129*4 M a r’04
119*2 J a n ’ 07
99*4 N o » ’ 0ti
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9 S34 D e c ’ 06
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127 J ’ n e ’05
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102 s8 A a g ’ 06
102 F e b ’03
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94
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119
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1 0 1 * 4 .........
128
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105 *2 •
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108 .
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109*2 D e o ’ 06
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103 F e b ’05
129*2 J a n ’07
133 F e b ’ 06
97*2
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86*8
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91*2
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98*4
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1 0 4 s8 F e b ’ 06
118*4 118*,
101 *2N oy’ 06
129 J ’l y ’ 04
118 Sep ’ 06
109 \ O ct ’ 05
121 *2 D e c ’ 06
115*4 D e c ’ 06
100*4 D e c ’ 06
103 J a n ’07
118 ........
......... O ct ’ 06
104 *fc O ct ’06
110 O c t ’ 06
116 A p r ’ 06
111*6111%
105
106
1 0 2 * 2 .........
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66 Sale
66
135 138
135
66
135 V
101 D e c ’ Oy
101*2 N o? ’ 06
99 .
100**.
88
100
103
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112 N o v ’ 03
61 *2 O ct ’ 01
89 H. 88 D e c '0 6
107*4 D e c ’00
103 *2 N o v ’06
98 D e c ’ 06
E r ie <>c V itts nee P en n u o
E v a n s & T H 1st c o u s 68.1921
1st g e n e ra l gold 5 s ..........1942
M t V e rn o n 1st gold 6 s ..1 9 2 3
S u il Co B ran ch 1st g 5 s . 1930
'a r g o <& S o nee Ch M & St P
li n t & P e re 3V1 See P e re M ar
F la C < fcP e n m See S ea A ir L in e
F o rt S t U D Co 1st g 4*28.1941
Ft W & D en C 1st g 6 s . . ..1 9 2 1
Ft W <fc R io G r 1st g 4 s . . . 1928
I ' al H a r A S A
See So P a c Co
' * a l H & H o f 1882 1st 5 s . 1913
G e o rg ia & A la See S ea A Line;
G a C a r < fc N o r See Sea A Line
G e o rg ia P a cific s e e So R y
(iila V G & N o r See So P a c Co
G ou v & O sw e g a t See N ir Cent
G rand Rap<fc In d See Pen n R R
G ra y ’ s P t T e r m See S t L S W
G t N o r — C B & Q c o ll tr 4s 1921
R e g is t e r e d ./i,.....................192]
G re e n b r ie r R y See C hes & O
Gull<fc 8 1 1st re f <fc t g 5s &1952
an & S t J o See. C B <fc Q
o u s a to n ic See N Y N H <fe H
H o c k V al l8 t c o n s o lg 4 * 2 8 .1 9 9 9
R e g is te r e d .......................... 1999
C ol <fc H V 1st e x t g 4 s .. 1948
C ol & T o l 1st e x 4 s ........1955
H o u s t E & W T e x See So Pac
H o u st & T e x C en See So P a c Co
llin o is C en tral l s t g 4 s . .1 9 5 ]
R e g is te r e d ...................... 1951
1st g old 3*28...................... 1951
R e g is te r e d ...................... 1951
E x te n d e d 1st g 3*28........1951
1st gold 3s s t e r lin g ..........1951
C oll T r u s t g o ld 4 s ............1952
R e g is te r e d ...................... 1952
L N O «fc T e x gold 4s ...1 9 5 3
R e g is te r e d ...................... 1953
C airo B r id g e gold 4 s ___ 1950
L o u is v D iv & T e r m g3 *28.1953
M id dle D i v r e g 5 s ........... 1921
O m aha D iv 1st g 3 s ........1951
St L o u is Div<feterm g 3s. 1951
R e g is te r e d ........ .............. 1951
G old 3*28........................ 1951
R e g is te r e d ...................1951'
S p r in g D iv 1st g 3*2S...1951
W e ste rn L in e s 1 st g 4 s . .1951
B e lle v & Car 1st 6 s ........1923
C a rb & S haw 1st g 4 s . . . 1932
C h ic S t L <fc N O g 6 s . ..1 9 5 1
R e g is te r e d ...................... 1951
G o ld 3 *2S.......................... 1951
R e g is te r e d ...................1951
M ernph D iv 1st g 4 s . .. l 9 5 1
S t L S ou 1st g u g 4 s ___ 1931
In d B l & W e s t See C C C & S t L
In d D e c <fc W 1st g 5 s ........ 1935
1st g u a r g o ld 5 s ................. 1935
I n d 111 & l a 1st g 4 s ..........1950
i n t & G rea t N o r 1st g 6 s ..1 9 1 9
2d g o ld 5 s ............................1909
3d g o ld 4 s ............................1921
Io w a C en tral 1st gold 5 s .,1 9 3 s
G old 4 s ................................. 1951
Jetterson R R See E rie
a lA & G R
See L S tfc M 8
an & M ic h See T ol & O C
K C F t S cfc M nee S t L & S F
K C & M R & B See S t L <fc S F
K an C <fc P a cific See M K cfc T
K an C ity S ou 1st g o ld 3 s ..1 9 5 0
R e g is te r e d .......................... 1950
K e n tu c k y C en t See L cfc N
K e o k cfc D e s M o See C R I & P
K n o x v ille <fc O hio See So R y
ak e E r ie cfc W 1st g 5 s .. 1937
2d g o ld 5 s ........................ 1941
N o rth O hio 1st g u g o s . .1 9 4 5
L Sh o cfc M ic h 8 See N Y C en l
L eli V a l N Y 1st g u g 4*28.1940
x ie g is t e r e d ........................1941'
L e h ig h V al (P a ) c o n s g 4 s. 2003
L eii V T e r R y 1st g u g 58.1941
R e g is te r e d .......................... 1941
L eh V Coal C o 1st gu g 5 s . 1933
Leh cfc N Y 1st g u ar g 4 s . .1 9 4 5
R e g is te r e d .......................... 1945
E 1 C & N 1st p f 6 s ........1914
G old gu a r 58...................1914
L eh cfc H u d R See C en t o f N J
Leh cfc W ilk e s b See C en t o f N J
L eroy & C a n ey V al See M o 1’
L o n g D o ck See E rie
L o n g I s l’ d— 1st co n g 5 s.ft.1 9 3 ]
l s t c o n s o l gold 4 s ..........A1931
G e n e ra l g o ld 4 s .................193.-'
F e rry g o ld 4 *28.................1922
G old 4a................................. 1932
U nified g o ld 4 s .................1949
D e b e n tu re gold 5 s ............1934
G u ar re l g o ld 4 s ............... 1949
B k iy n cfc M o n t 1st g 6 s . .1911
1st 5a................................. 1911
N )l Bcfc M B 1st c o n g 5s 1935
N Ycfc R B 1st g 5 s ........192
N o r SliB 1st c o n g g u 5 s o l 9 3 2
L o u isia n a <fc A r k 1st g 5 s . 1927
Lioulav cfc N a s h v g e n g 6 a .1930
G old 5a................................. 1937
U nified gold 4a................. 1940
R e g is te r e d .......................1940
C oll tru s t gold 5 s ............. 1931
6 -20-yr co l tr deed, g 4 s . 1923
E H cfc N a sh 1st g 6a___ 1919
J -J
A -0
A-O
A-O
96*2
97*<
104*4 104*4
9 3 °8 9 4
92
92
J -J
J-D
J -J
129*2129*2
9 7 ” ‘ 9 8 ‘*3
86*8 88
Vi" ‘ 9i‘>2
9 9*s 103*4
117*8 118*4
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Hia
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L ow
H iy n
114*4
117 D e c ’06
105*2 108 *-. 106*2 D e c ’ Of
108
....
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1 0 0 *4 F e b ’ 06
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105
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90
M a r’ 9 8
110
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109*2 111
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103
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103
..........
87
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J -J
J -J
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95 %
96
196
96*2 Jan 07
......... 103*
1 0 3 x4 D e c ’ 06
104*8 Sale
104*8 104*2
103 N o v ’ ot
98*4 N o v ’ ot
100 D e c ’ 06
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99 *2 J ’ n e’ 015
70 O ct ’ 04
103 D e c ’ Ol
102 O ct ’ 01
101*2 101*-.
100 M ay’06
102*4 Jan ’ 07
89*a J a n ’ 07
123 Ali»y’ 99
78*2 A p r ’ 06
78*4 J a n ’OV
103
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122 D e c ’ 05
117-4
90 N o v ’ 98
119 122-2 121*4 D e c ’ 06
119*4 M a r’ 04
9 3 Bs M ay’04
101*2 A u g ’ 06
103 N o v ’ 04
105 J a n ’ 07
107*2 D e c 02
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100
115
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79
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63 O ct ’ 00
113*2.
107 78 .
108 *a.
112*2 J a n ’ 07
107*8 J a n ’ 07
117 J a n ’ 06
112 *2112 V
107 V 1 0 7 V
107*21 0 7 V
117
107*2 Jan ’ 07
1 1 2 18 N o v ’ 0595 O ct ’ 06
116 O c t ’ Ob
109 *2 O ct ’9i>
1 1 2 58 A p r ’ Ou
96 J4 J a n ’ 07
95*4 .
96*4
96V
98*4
99
94
95
1 1 3 7e J a n ’06
105*4 Jan ’ 0
107
101
Q-J 1 1 4 * 2 ........ 114*4 D e c ’ Oi
Q-J * 9 9 * 2 ....... .
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J-D
98*4
99
102 N o v ’O;"
M-S
94 .......... 99*4 O ct ’ 06
J-D
M-S - 94 ......... 95 J a n ’ 07
J-D 1 0 7 * 2 ......... 110 J n e ’ 04
99
99*v
9y *2 Sale
M-S
M-S 1 0 3 * 2 .........
M-S 1 0 2 * 2 ......... 1 0 2 -2 J a n ’ 07
A-O 1 10 .......... 1 1 0 *4 N o v ’ob
M-S 1 08 *2 ......... 109*4 Jan ’ 07
109-4 111*4 109 N o v ’ Ou
103*2 105 J ’ n e ’ 06
115
J-D 11 5 *2........ 115
1 1 6 * s N o v ’0(j
M-N l i e ^
101 Sale 100*8 101
J -J
101** J ’ly ’ 06
J -J
111*4 J ’n e’ Oti
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AO
97*2 Sale
97*2
97=8
J -D 1 1 0 * 4 ........ 110 D e c ’06
u
70*2 73
9 8 * ' * 99 V
102*9102V
109 >4 109*4
.....
....
115
116V
i'oo** ibi**
97
97V
B O N D S — C o n tin u e d o n N e x t f a a e .
106 *«1 06»e
63*4 66
135 138
<ifu» a n d E l e c t r ic L ig h t
L a c G as L o f S t L 1 s t g 5 s .e l9 1 9
R e f and e x t 1st g 5 s ........1934
M ilw a u k ee G as L l e t 4 s . . 1927
N Y G E L H cfc P g 5 s . ..1 9 4 8
P u rch a se m o n e y g 4 a ...1 9 4 9
Ed E l 111 1st c o n v g 5 s ..1 9 1 0
1st c o n s o l gold o s ..........1995
N Y & Q E l Lcfc P l a t co n g 5 s l9 3 0
N Y cfc R ic h G as 1st g 5 s . 1921
Pat & P a s G & E c o n g 5 s . 1949
Peo G as & C 1st co n g 68.1943
R e fu n d in g gold 5a........... 1947
C h G - L & C k e l s t g u g 5 s 1937
C on G C o o t Ch l s t g u g 5 a . ’ 36
M u F u e l G as l s t g u g 5 s . 1947
S y ra cu s e L ig h tin g 1st g 5 s . ’51
T r e n to n G cfc E l 1st g 5 s . .1 9 4 9
W e s tch e s te r Lisrht’ g g 5 s .1950
117 N o v ’ 06
93*2 M a r’ 06
......... 93*2
• N o price Friday; latest bidand asked this week, v Due „ an 6 Due Feb d Due Apr « Due May A. Due J ’ly
116
109*4
110
102*8 102*8
i H 1 8 U E L lA N K O lJ !i
( i a » a n d K le c t r ic L ig h t
A tla n ta G L C o l s t g 5 s . ..1 9 4 7 J -D
B k ly n U G as 1st con g 6 s . 1945 M-N
Buttalo G as 1st g 5 s ............1947 A-O
C on sol G as c o n v deb 6 s . . ..1 9 0 9 J - J
C onsum G as See P G cfc C Co
D e tr o it C ity G as g 5a..........1923 J -J
D e l Gaa C o oon 1st g 5 s . ..1 9 1 8 F-A
J ld E U U B k n See K C o E Lcfc P :
K d E 111 See N Y G c f c E L H c f c P;
J£q G L N X 1st co il g 5 s ..1 9 3 2 M-S
G as cfc E lec B erg C o c g 5 s . 1949 J-D
G en E le c tr ic deb g 3 *28..1 9 4 2 F A
G r R i p G L C o 1st g 6 s . ..1 9 1 5 F-A
H u d son C o G as 1st g 5 s . .1 9 4 9 M-N
K an C ity ^Mo) G as 1st g 5s 1922 A-O
K in g s Co El L cfc P g 6 s . ..1 9 3 7 A-O
P u rch a se m on ey 6 s . . . . . . i 9 9 7 A-O
Kd El II Bfcu 1st con g 4a 1939 J-J
t~rice
FriUav
J a n 25
H
i0 4 * 2 N o V ’b’ i
94 *a
71
1130 b
BONDS?
N. Y. STOCK E X C H A N G E
WaKK e x d in o J a n 25
207
Q-F
AO
M-N
J -D
F-A
M-S
J -J
F- A
M-N
M -S
A -0
M-S
J -J
J -D
M-N
J-D
M-S
J -D
105 *®
104 *4......... 105
......... 105
102*2 102 *2
91*2 J a n ’07
9 1 * 4 ..........
103 *2 S alt 103*9 103 *2
84*2 85
84*2
84?*
1 0 0 * 4 ......... 101 D e c ’06
113*4 J ’ n e ’06
9 8 7t 9**4 D e c ’ 06
96
103 N o v ’ 05
104*4 N o v ’ 05
119
119
119% 120
101 ........ 102 Jan ’ 07
103*2 106* 106 O ct ’ 06
102
10‘2 ....... 102
103 *2 D e c ’05
........ 105
9 8 * 2 ........
103 V ........ 110 M ay’ 05
102 J a n ’ 07
101*2 103
104*2 1 0 5 V
102*2 10211
91*2 9 1 V
102*2 1 0 3 V
8 3*2 8 4 V
118
102
119
102
102
102
101*2 102
fc Due Aug o Due Oct g Due Dec j Option Sal*
New York Bond
2 0 8
B O iS D .t
N . Y . STOCK E X C H A N G E
WfcEK KNDFKQ J a N 25
P r ic e
F r id a y
J a n 25
L o u is v A: In'ash v —(V o n tin iu d j
L Cin <fe L e x g o l d 4 4 s . . .1 9 3 1 M-N
N O & M 1st g old 6 s . . ..1 9 3 0 J -J
N O & M 2d g old 6a........1930 J -J
P en sa cola D lv g o l d 6 s . . .1 9 2 0 M-S
8 t L D iv 1st g old 6 s ........1921 M-S
2d gold 3 s ........................ 1980 M-S
A ti K n o x <fc N o r 1st g 5 s l 9 4 6 J -D
H e n d e r B d g e l s t s f g 6 s ,1 9 3 1 M-S
K e n tu c k y C en t gold 4 s . .1 9 8 7 J - J
L < f c N & M & M l 8 t g 4 4 s l 9 4 5 M-S
L & N -S o u t h M jo in t 4 8 .1952 J - J
N F la & 8 1st g u g 5 s . ..1 9 3 7 F-A
P en s & A t l 1 s t g u g 6 s . .1921 F-A
S <fc N A la c o n g u g 5 s . .1 9 3 6 F -A
S in k tund g o ld 6 s ..........191 0 A -0
L & Jett B d g e C o g u g 4 s . .1 9 4 5 M-S
L N A & C h See 0 I & L
ahon C oal See L S <fe M S
anh attan R y c o n s o l 4 s .1990 A -0
R e g is te r e d ...................1990 A -0
M e tro p o l El 1st g 6 s . ...1 9 0 8 J - J
M c K ’ p t <fc B V See N Y C en t
M etrop olita n E l See M an R y
M ex C en t c o n s o l gold 4 s . .1 9 1 1 J - J
1st c o n so l in c o m e g 3 s .a l9 3 9 J ’ly
2d c o n s o l in c o m e g 3 s ..a l 9 3 9 J ’ ly
E q u ip & c o ll g old 5 s ........1919 A -0
C oll tr K 4 4 s 1st S e r___ 1907 F-A
M ex I n te r n a l 1st c o n g 48.1977 M-S
M ex N orth 1st gold 6 s ___ 1910 J -D
M ien c e n t See N Y C en t
M id ot S J See E rie
M ll L b A W See C h ic & N W
M ii <fe N o rth See Cli M & St f
M inn <fc -St L 1st g old 7 s ..1927 J-D
Iow a Ex 1st gold 7 s ........1909 J-D
P a cilie Ex 1st g o ld 6 s . . . 1921 A-O
South W est E x l e t g 7 s .1910 J -D
1st c o n s o l g old 5 s ............. 1934 M-N
1st and refu n d gold 4 s . .1 9 4 9 M-S
D es M * F t D 1 st g u 4 s ... ’ 35 J -J
M in n <& S t L g u See B C R & N
M StPcfc S S M con g 4 i n t g u ’ 38 J - J
M S S Al <fc A 1st g 4 in t gu 1926 J - J
M in n I n 6'ee S t P M &M
M o K an & T e x 1st g 4 s . ..1 9 9 0 J-D
2d g ou l 4 s .......................... 0 x99 0 F -A
1st e x t g o ld 5 s ...................194.4 M-N
1st & refu n d 4 s .................2004 M-S
G en s f 4 4 s .................. .1 9 3 6 J - J
St.J-> D lv 1st r e f sr 4 s ___ 2001 A-O
Dal <fc W a 1st g n z 5 s . . .1 9 4 0 M-N
K an C<fe P a c 1st g 4 s . ..1 9 9 0 F -A
M o K & E 1st g u g 5 s . ..1 9 4 2 A-O
M K & O k 1st g u 5 s ........1942 M-N
M K <fc T of T 1st g u g 58.1 9 4 2 M-S
S her Sh & S o 1st gu e 5 s . 1943 J -D
Tex<fc O kla 1st g n g o s . . . 1943 M -S
M o P a cific 1st con £r6s . ..1 9 2 0 M-N
T r u s t g old 5s s ta m p e d .a l9 1 7 M-S
R e g is t e r e d ...................a l9 1 7 M-S
1st c oll g old 5 s ...................1920 F-A
40-year <?old loan 4 s ........1945 M-S
3d 7 b e x t d at 4 % ............... 1938 M-N
C en t B r R y 1st gu g 4 s . 1919 F-A
L eroy & C V A L 1st g 5 s 192t5 J - J
P a c It of M o 1st ex g 4 s . 1938 F-A
2d e x te n d e d g old 5 s . ..1 9 3 8 J - J
S t L I r M < fc S g e n c o n g 5 s l9 3 1 A -0
G en c o n stam p g t d g 5 s 1931 A-O
U n ified & r e f g old 4 s . .1 9 2 9 J -J
R iv & G D iy 1 s t g 4 s .. 1933 M-N
V e r d i V I & W 1st g 5 s . 1926 M-S
M ob & B lrm p rior lien g 5s 1945 J - J
M o r tg a g e g old 4 s ............. 1945 J - J
M ob J & K C 1st con s e 5 s . 1953 J -J
M ob <fc O hio n e w g old 6 s ..1 9 2 7 J -O
1st e x te n s io n gold 6 s . ./il 9 2 7 Q-J
G en era l g o ld 4 s ................. 1938 M-S
M on tg om D iy 1st g 5 s . .1 9 4 7 F-A
S t L & C airo c o ll g 4 s ..e l 9 3 0 Q -F
G u aran teed g 4 s ............1931 J -J
M <fc O c o ll 4s See S outhern
M oh a w k <fc M ai See N V C & H
M on on gah ela R iv See B <Ss O
M o n t C en t See S t P M & M
M org a n ’ s L a & T See S P Co
M orris & E sse x See D e l L & W
ash Chat & S t L 1st 7 s .l9 1 3 J - J
1st co n so l g old 58..........1928 A -0
Ja sp er B ra n ch 1st g 6 s . . 1923 J-J
M cM M \V & A l 1st 6 s ..1 9 1 7 J -J
T & P B ra n ch 1st 6 s . . . .1917 J -J
N ash F lo r & Shef See L & N
N a t o f M e x p n o r lien 4 4 8 .1 9 2 6 J -J
1st co n so l 4 s ...................... 1951 A-O
N e w H & D See N Y N H <fc H
N J J u n e R R See N Y C en t
N e w & C in B d g e See P en n Co
N Odfc N E p rior lie n g 6 s p l 9 1 5 A -0
N Y B k ln <fe M an B c h See L 1
N Y C e n t& H R iv g 3 4 s . 1997 J - J
R e g is te r e d .......................1997 J - J
D e b e n g 4 s ........................ 1934 M-N
L ake Sh ore c o l l g 3 Has... 1998 F-A
R e g is te r e d ...................... 1998 F-A
M ich C en t c o ll g 3 4 s ___ 1998 F-A
R e g is te r e d ...................... 199 s F-A
B eech C reek 1st g r u g 4 s . 1936 J - J
R e g is te r e d .......................1936 J - J
2d g u g o ld 5 8................. 1936 J - J
B eech Cr E x t 1 s t g 3 4 s 61951 A - 0
C art <fc A d 1st g u g 4 s . ..1 9 8 1 J -D
C learf B it Coal 1st 8 f 4 s . 1940 J -J
Gouv<fc O s w e l s t g u g 5 s 1942 J-D
M oh & M ai 1st g u g 4 s . .1991 M-S
N J J u n e R g u 1st 4 s . ..1 9 8 6 F A
N Y & Pu l s t c o n g u g 4 s 1993 A -O
M
N
B id
107
120 4 .......
............
74 *5
9«*4 98*2
1 0 3 4 1 0 7 *9
.......... 91*9
112 4 1 1 9
112
........
1 1 1 3 . 1 ............
104
.........
100
101
W eekfs
R an ge or
L ast Sale
Ran^e
Since
J a n u a ry 1
L ew
H ig h
109 M a r’ 05
127 D e c ’ 06
122*4 M a r’ Od
107*4 A u g ’ 06
120 J a n ’07
7 1 4 Sep ’ 06
116 J ’ l y ’06
108*2 Jan ’06
97 «8 J an ’ 07
108 J ’ly ’ 06
92 J a n ’ O^
114 D e c ’ 06
112 J a n ’ 07
115*4 M a r’ 05
107 D e c ’ 05
97 M ay’ 06
Low M ig n
120
i o i ' a IIII!
8 5 4 Sale
24*4 25*4
19 Sale
101*
F-A
F-A
J -J
M-N
A -0
F-A
F-A
J-D
J-D
J -J
J -J
J -J
J -J
A -O
J -J
J -D
F -A
M-S
120
85 *<
26
19*2
Sale
98
137 J ’ n e’ 05
1 1 1 4 O ct ’05
118 J a n ’ 0"
113*4 M a r’ 05
109*2 110
93*8
94
97 A p r ’06
101
103
98 **
98
87
8TJ
103
1 0 2 * 9 .......... 103
86 J a n ’ 0
87
88
8 7 34 Sale*
87 J a n ’ 07
i<>4 4 1 0 5 ' 108 F e b ’Ot
94
.. - Oct. ’06
94
96
1 1 0 4 1 l l 7f. 1 1 0 4 J a n ’ 0
107
107
107 107
106*2 Sale 106*2 106*2
104 ........ 108*4 A p r ’ 06
106
107
i i y ’^ i 'i o ’ 119 J a n ’ O
’ 1 0 i \ ........ 104*8 10434
J>07*2 F e b ’ Ot)
105
105 106 T05
89*2 J a n ’ 07
99 ^ 1 0 0 * 4
96*4
9 6 34
94*4 ..
110 M ar’ 05
1 0 1 34 ........ 101 \ J an ’07
115
117
117*4 Jan ’07
113 *2 Ssale 113*2 114
116 N o v ’05
'8 7 *4 Sale
87*2
88 *»
92 J a n ’ 07
.......... 92
107 *2 A p r ’ Ob
107 ........ 115*8 A p r ’ 06
96 »>ct ’05
.......... SO
98 D e c ’ 06
9*
22*2 122*a
1 ‘22*4 123
122 D e c ’Oo
93*2 Jan ’ 07
114*2 J ’l y ’ 06
92*2 A u g ’ 06
101 N o v ’ 04
.....
115*4 116H,
113*2 114
1 1 5 * 8.........
1 1 0 ",
.....
116*2 Jan ’ 07
113*2 113*2
119*4 F e b ’06
117*4 -Mar’05
113 J ’ l y ’ 04
103 . ..
I02*e D e c ’ 06
86 >2 87 4 87 J a n ’ 07
9 M-S
1 M-S
1 Q-M
112
100
104
io d ‘ *
9 9 7g 100
85
........
X
ST
N
N
L18
118*2
109
110
93% !
94
97
98\
87
88
103 104
85*2 86
75% 3alc
76
..........
78
95
107 4 O ct ’ 04
102*8 A p r ’ 06
73*8
76
107*8 D e c ’ 04
107 M ay’ 97
102 *2 O ct ’ 03
105*2 D e c ’ 06
105 O ct '00
78\
78 >2
9 1 34
94*4
106*2 106*2
105 4
1*0*5 4 . . . . . 105
102 D e c ’03
102 ....... . 102 D e c ’ 06
96*8 Sale
96
96-V
Y
Y
Y
Y
& (jr e e n w L a k e S
& H ar See N Y C
L a ck & W See D L <fc W
L E & W See E rie
N Y & N o rth
l x x x iy
*
R a n ge
S ince
J a n u a r y 1)
H ig h No Low
1047s 105
102*4 103
934
94
94 J a n ’ u7
98*4
984
H ig h
14 103 105
31 102 103
18 9 3 4 9 4 4
94
94
59 98
994
125 4 M ar'06
139 J a n ’ 03
102 ......... 104 D e c ’ 06
1 1 5 % ......... 118*4 J ’ ly ’06
119 J ’ n e’ Ob
103 D e c ’ 06
1 0 6 4 N ot ’ 00
9 4 4 D e c ’ 06
95 D e c ’ Ob
90
95
87
106*2 1 07
106*4 106*2
J-D
C B <k Q c o ll tr 4s
St P & N P gen g 1
101^4 101*4
1 1 7 *4 1 1 7 *4
113*8 114
8 8 *t
92*4
121*4 122*5
93 4 ” 94
116*2116*2
113*4 116
84^4 87
F e b ’06
IC0% 1 0 0 4
1 0 1 4 J ’ n e ’Ob
180 101*8 1 0 2 4
102
1 100*4 102
102
73*4 38 73
74 4
M -S
1014
73*4 Sale
J -D
Q-N.
J-J
A -0
114
116 M ay’ Oli
107 4 1 1 1 4 113 4 N o v ’ 06
A-O
.\1-N
F-A
J -J
J-J
J -J
A -O
A -0
M-N
M-N
F-A
J -D
J-J
2d 7 s.
J -J
AO
M-N
M-S
M-N
J-D
M-N
M-S
M-N
K-A
G r K & I e x 1st gu ir4*2S 1941 J -J
95*4
95*4 Jan ’07
95*4
.
122 ......... 12 3 !„ N o v ’ 06
132 J ’ ly ’ 99
112
113 M a r’06
108 110
94 .
9 8 4 O ct ’ 06
90*4
93 M ay’ 06
1 1 3 * * ......... 117 N o v ’06
A -O
J -D
I a c o f M is s o u ri See M o P ac
Panam a 1st s fu n d g 4 * 2 8 ..1917 A-O
P en n C o—G u ar 1st g 4 *28.1921 J -J
J -J
M-S
G uar3*2SC oll tr ser B . . . i y 4 i F-A
M-N
J -D
J-D
G u ar 15-25 y » a r g*4*s.” .*1931 A-O
AO
994100*8
101 *e
102
73*8
101*8 Sale
O
28
......... 100
......... 109
109
109
.....................
10 109
109
101 ......... 103 J ’ ly ’ 06
6 *1*06*4 *107**
105-v 1 0 5 4
105 **106
104
........ 10t5 D e c ’ 06
88 4 ........ 9 0 4 J ’n e ’ Ob
8 7 % ........ y o O ct ’ 06
95
9 5 4 95 J a n ’ 07
95
96
89 O ct ’ 06
9 0 4 M a i’ Ot.
.......... 9*74 105 J a n ’07
97 4 97 **.
1 1 5 4 ......... 115 J a u ’07 ...... 115 115
1 07 *4......... 108*4 A u g ’ 03
9 2 * 4 .........
984
96
96*4
98*4
109 *4.........
109 *4......... 109 4
1124
1 0 0 * 4 ......... 98
91
......... 90 4
100 ___
D ec ’ O:
J a n ’04
Jan ’ Of
Apt ’ 04
J an ’ 07 . . . . 109 4 1 0 9 4
J ‘n e ’05
98
98
J a n ’ 07
D e c ’ Ot.
119 J ’ n e ’Ob
119 A p r ’ 04
104 D e c ’ Ot
111 4 Sep ’04
106 A u e ’O:
94 Sale
93 * ,
94*,- ■>45
9 7 x4 Sale
95 7g
9 7 ^ 263
102 * ,......... 104*4 O ct ’05
110 Jan *05
..........103-2
103
.
l0 8
92 34 95
9 6 7g 100 4
Sep ’OH . .. .I f . ...................
B O X O S —C o n tin u e d 011 N e x t I’ a a e
994100
73*8
76*4
78
784
94*4 95
1064 1064
105 105 4
95
N o r R y Cal See So P a c
N o r W is See C S t P M <fe O
N o r & M o n t See N V C ent
In d & W See C C C & S t
h io R iv e r R R 1st g 5s. 19;
G e n e ra l g o ld 5 s .................19;
O re & Cal See So P a c Co
O re R R & N a v See Un P a c
O re S h o rt L in e See Un P a c
O sw e g o & R o m e See N Y C
O C F & St P See C & N W
j
Sep ’06
Jau 07 . . . . 129 4 1 2 9 4
F e b ’ OK
O ct ’ 06
9 J J, 11 99
99**
F e b ’ 06
D e c ’ 06
7 904 914
91s
F e b ’ 05
Jan ’07
99 4 9 9 4
Q J
y -J
Q-F
y-K
F-A
m -F
F-A
94*a 96*4
102*8 io3*4
14
104
129 *8......... 129 4
130
130*4
127 ......... 1 2 7 4
99 Sale
99
100
97*4
9 1 4 Sale
914
100 ......... 109 4
99 4
N o rth Illin o is See C h i cfc X 1
N o rth OIho See L E rie <fc \V
106 10
119
1193s
104*2 105
10*44 ib*5
89*2 89*2
1 0 3'f. A u g ’06
103 4 ......... 103
lo 3
1017g ......... 1 0 0 78 O ct ’ 06
1 0 0 4 Sale
M-N
llO ^ U O is
1 1 9 4 M ar’ 05
113*4 Jan ’ 07 . . . . . i i 3 * 4 114
!11334 Jau ’ 0 ‘J
2 M-S
2 M-S
M-N
M-N
F-A
N e w R iv e r l s t g 6 s ........1932 A -0
N & W R y 1st con g 4 s .l9 9 ii3 A-O
R e g is t e r e d ...................... 199H i A -O
87
112
113*4 114
1 17 *4.......... 124
N Y & Put .See N Y C & H
N Y & K B See L o n g Island
N Y S& W
See E rie
N Y T e x & M See So P a c Co
N o r & Sou th 1st g 5 s ......... 194
.....................
101 4 J ’ly ’ Ot
M-N
8 M-N
See N Y C <fe H
98
T e le g m i> li a n d T e le p h o n e
A m T e le p & T e l c o ll tr 4s 1929
Com m C able Co 1st g 4 s . .2397
M et T & T 1st s f g 5 s ........1918
M ic h . S tate T e le p . 1st 5 s . 1924
N Y & N J T e l gen g 5 s ..1 9 2 0
W est U nion co l tr c u r 5 s . 1938
Fd and real est g 4 4 s . ..1 9 5 0
M u t U n T e l s fu n d 6 s . ..1 9 1 1
N o rth w T el gu r 4 4 s g . . 1934
V la n u la ctn rin s : <Sc I n d u s tr ia l
J -J
y -J
M-N
F-A
M-N
J-J
M-N
M-N
J -J
90
......... 91% 90 J a n ’ 07
_92
_ .......... 96 4 J 'n e ’ Oii
................... 109 4 M ay’ 05
100 4 1 0 1 4 J ’ly
105 *g J ’ l y ’ " 3
102 4 12 102 4 103
10*2*4 **’ ” ’- 1 0 2 4
1 0 0 ‘s 59$100 100
100 Sale 100
1 0 6 4 M a r’ OO
103 J ’l y ’ 04
Am C ot Oil e x t 4 4 s ........... 1915
A m H id e <t L 1st s t g 6 s ..1919
A m e r I c e s e c u r d e b g 6 s .. 1925
Am S p irits .Mtg 1st g Os.. 1 9 1 ;
Am T iirea o 1st col tr 4 s . ..1 9 1 9
Am T o b a c c o 40-yr g 6 s ___ 1944
4 s ............................................1951
Q -F
■U-S
A-O
M-S
J-J
A-O
2 91
92*4
.......... 32*4 9 2 4
924
89 \
5 89
89 4
89*8 Sale
>•9*4
88
8 ’
8 88
89
88 Sale
102 Jan ’ 07 . . .. 10*2 102
..........102
>0
90
90
90 *2......... 90
110 4 54 1 0 8 7e n o *
1 1 0 4 s a le 111)
78
794.
7 ■*« sa le
7 9 4 124 76
'N o price Friday; latest bid and asked. aD ueJan 6D uel?'eb c D u e .la r d Due Apr It. Dae <’ly
7 A-O
7 A -0
e
ri
8 6 *«
A p r ’ 02
100
J’l y ’ 06
) M-N
0 M-N
7 A-O
2 A-O
5 F-A
S M-N
84
86
25
2734
17*2 21
103 D e o ’06
105 O ct '0 2
101*4 D e c ’ 06
99
88
1 M-S
2. M-N
100*4 i o i H
93*2 Sale
93*4 100 9 3 14 93*4
93*8
93 s 92*3 Jan ’07
9 2 4 92 4
99
19 9 8 4 99
99 Sale
98*a
88
87*2 Sale
18 87 4 88 4
87*2
84
84*4 86*8 J a n ’ 07
86 *8 87
86** Saie
87*4 30 86*4 86*4
86*4
84
84*4 84*4 J a n ’ u7 . . . . 84*< 84 s4
1 0 2 * 2 ......... 102 J a n ’ 07 ___ 102 102102 M a r ’04
104
95
A sk Low
99*2 100*8
.....
..... 1 0 3 ^
.
W eek’ s
R a n ge or
L a st Sale
J -J 105 S alt
J -J
J-D *9*4*’ Sal'e*
J-D * .......... 94 S
9 8 4 Sale
M-S
1 1 2 4 ........
114 .........
12934 .........
9 2 " *92
112
O ct ’ 04
N o v ’ 01
98*4 Sale
8 I ’i S ale
o l
2d g u a r 6 s . ..
1.004 D e c ’ 06
90*2 90®8 J ’ ly ’ o i
105 M ay’ OO
115
109
94
92
84
25
17*2
R id
)
1
1
7
7
8
J' L & 8 1st g 3 *28.
100*2 1 0 0 4
104 A p r ’ 05
1 0178 1017,
[V
P rice
F r id a y
J a n i'o
W e e k E n d i .no J an 25
97*4 97*6
.U I S C E L I I N E O U S
C o a l an d Iron
C ol F & I C o gen s f g 5 s . .1 9 4 3
C o n v e r tib le d eb g 5 s ___ 1911
C ol C & I D e v g u 5s g . .l 9 0 9
Col F u el Co g e n g old 6s. 1919
G r R iv Coal & C 1st g 6 s l9 1 9
C o lIn d u ls t< fc c o ll 5s 2 U ..1 9 3 4
C o n tin ’ ta lC l s t s f g u 5 s g.195'^
Jett & C lear C & 1 1st g 5 8.1926
2d gold 5 s ...........................1926
K an & H C <fc C 1st s t g 5 s .l9 5 1
P leaa V'a. c o a l l s t g s f 5s. 1928
S u n d a y C r^ e* C o g 5 s ___ 1944
T en n Coal gen 5 s ............... 1951
T en n D iv 1st g 6 s ........a l9 1 7
B irm D iv 1st co n so l 6s. .19 1 7
Cali C M C o 1st g u g 68.1922
D e Bar C & 1 C o g u g 6 s .1910
V a lr o n Coal cfcC olst g 5 s . 1949
Becord— Continued— Page 3
u ae .ug
u u .ie . jet
p Due Nov q Due Dec s Option Sal#
New York Bond Record—Concluded— Page
J a n . 26 1907 .]!
n*«»£\ L»."
N . Y. S T O C K E X C H A N G E
W eek e-n oin g J a n 25
P r ic e
P rid a v
J a n 25
f e n n U K —< co n tin u e d j
P h iU B a l & W 1st g 4 s . .1 9 4 3 M-N
S o u <lis L e w is 1st g 4 s . . .1 9 3 6 J -J
U N J K K <ft Can gen 48.1944 M -S
Pensacola <fc A tl See L & N asli
P eo <fc E a st See C C C & S t L
P eo -fe P e k Un 1st g 6 s . . ..1 9 2 1
2.. gold 4 >«2S..................... (>1921
Per® M arq— Cli & W M 5s 1921 J-D
l>iint<fc P M g 6 s ............... 1920 A O
i s t co n so l g old 6 s ..........1939 M-N
P i H u ron D iv 1st g 5s.193V A-O
s>ai: l'US<fe H 1st gu g 4S.1931 F-A
P h il B & W See P e n n K B
P ln ia dfc B e a d in g con s 78.1911 J-D
P in e C reek re g gu ar 6 s ...1 9 3 2 J -D
Pitts (Jin & S t L S ee P en n Co
P itts C lev e & T o l See B & O
Pitts F t W Ac. Ch See P en n Co
Pitts J u n c 1st gold 6 s........1922 J -J
P itts <fc L E rie 2d g 5 s . . . a l 9 2 » A - 0
P itts M c K e e s & Y See N V Ceu
P itts Sll <fc L & 1st g O S... 1940 A-O
1st co n s o l g old 5 s ............. 1943 J - J
P itts <fc W e s t See B & O
P itts Y & A sli 1st c o n 58.192 MIM
j > eading C o gen g 4 s ........1997 J-J
1 v R e g is te r e d ...................... 1997 J-J
J e r s e y C en t c oll g 4 s . ..1 9 6 1 A O
R en sselaer <to Sar See 1) & H
Kicli & Dan See Sou th Ky
R i c h * M eek See S outhern
R io G r W est See D en & K io Or
Kh> Gr J u n e 1st gu g 5 s . ..1 9 3 9 J-D
R io g r So 1st g olu 4 s ..........1940 J -J
G u aran teed........................ 1940 J •J
K och <fc P itts See B K <fc P
Home Wat<& O g See N Y c e n t
Kutiam i 1st con g 4 4 s ___ 1941 J - J
O g & L Cliam 1st g u 4s g. 194b J -J
K at-C anad 1 st g u g 4 s .. .1940 J -J
w ag T u s <fc H See P e re M arq
O t J o ifc G r ls l 1 s t g 4 s . ..1 9 4 7 J -J
St L a w & A d iron l s t g o s . 1996 J -J
2d golu 6 s . .......................... 1996 A-O
St L <& C airo See M o b & O hio
St L & Iron M o u n t See M P
St L K O <fc N See W abash
8 t L M B r See T R R A o f St L
St L o u is & S an Fran cis co —
G eneral gold 6 s .................1931 J -J
G en eral g o ld 6 s .................1931 J . j
St L <fc S F R K c o n s g 4 s . . ’90 J - J
S ou tliw D iv l s t g 5 s . .1947
R e lu n d in g g 4 s .............1951
6-year g o ld n otes 4 4 --1 9 0 S J -D
K C F t S & M c o n g 6 s .. 192 s M-N
K C F t S <fe M R y re f g 4s 1936 A-O
K O <fc M K <fc B 1st g u 58.1929 A O
S t L M & S o E a s t g u 4 4 g l 9 0 9 J-D
St L o u is So See Illin o is C en t
8t L 8 W 1st g 4s bd c tfs .1 9 8 9 M-N
2d g 4s in c bond c t f s ...p l 9 S 9 J -J
C on sol g old 4 s ...................1932 J -D
G ra y ’ s P t T e r 1st g u g o s 1947 J -D
St P a u l & D ul See N o r P a cific
8 t P a u l M <fc M an 2d 6 s . . .1 9 0 9 A-O
1st co n so l g old 6 s............. 1933 J -J
R e g is te re d ...................... 1933 J -J
R ed u ced to gold 4 *38..1 9 3 3 J - J
R e g is t e r e d ..................1933 J - J
D akota e x t gold 6 s ..........1910 M-N
M ont e x t 1st g o ld 4 s ___ 1937 J-D
R e g is te r e d .......................1937 J-D
E M i n n l s t d l v l s t g 5 s . .19 0 8 A-O
N or D iv 1st g o l d 4 s ___ 1948 A-O
M in n U n ion l s t g 6 s___ 1922 J -J
M ont C 1st g u g 6 s ..........1937 J -J
R e g is te r e d .......................1937 J . J
1st g u ar gold 5 s ........... 1937 J -J
Wllldfc S F 1st gold 5s..l03t> J-D
6 t P « f c N o r P a c See is’ or Pu c
8 t P & S’ x C ity See C S t P M & C
8 F e P res <fc P li 1 st g 5 s . . .19 4 2 M-S
S A & A P See So P a c Co
8 F <fc N P 1st s in k f g 5 s .l9 1 9 J -J
8 a v F & W e s t See A t l C oast L
S cioto Val <fc N K See N or <fc W
Seaboard A i r L in e g 4 s ...1 0 5 0 A-O
CoU tr refu n d g 5 s ......... 1911 M-N
A tl-B irm 3 0 -y r ls t g 4 s .e l9 3 3 M-S
Oar C en t 1 s t con g 4 a ...1 9 4 9 J-J
Fla C en & P en 1st g 5 a .l 9 1 » J - J
1st land g r e x t g 5s . ..1 9 3 0 J .J
C on sol g o ld o s ............... 1943 J -J
Ga <fc A la R y 1s t co n 5 s o 1945 J -J
G a Car <fc N o I s t g u g S s 1929 J - J
8eab & R oa 1st 5 s ............... 1920 J . J
Sher S lir <fe S o s e e M K <& X
81I Sp O ca & G See A t l C oast L
8od B a y & S o 1st g 5 s ........ 1924 J -J
80 Car <fe G a See Sou th ern
80 P a c Co— R R 1st r e f 4 s . 1955 J -J
G old 4s (C en t P a c coU ). *104 9 J -D
R e g is t e r e d ...................&1949 J -D
A & N W 1st g u g 5 s ----- 1941 J - J
C ent P a c 1st ref g u g 4s 1940 F -A
R e g is te r e d .......................1949' F-A
M o r t g u a r gold 3 4 s . . fcl929i J -D
T h ro u g h S t L 1st g u 4s ’ 54 A-O
G al f t a r <fe S A I s t g 6 s . . l 9 1 0 F-A
M e x & P a c 1st g 5 s ___ 1931 M-N
G ila V G & N 1 s t g u g 5 s . 1924 M-N
H ous E <fe W T 1st g 5 s . 1933 M-N
1 st gu a r 5s r e d ........... 1933 M-N
H & T C l s t g 6 s it t t g u .. 1937 J - J
C on sol g 6s in t g u a r ...1 9 1 2 A O
G en c o ld 4s in t g u a r .. 1921 A -O
Waco<& N W d i v l s t g 6 s ’ 30 M-N
u
W
l iia
W eek's
R a n ge or
L a st Sale
sc
2 t:
S"o
Ask Low
H ig h S o L o w
1 0 7 4 O ct ’ 06
98 4 .........
1 1 0 4 Sep ’04
114
_____ 123 %
100%
109
116 1 1 7 4 115
106
io s %
106 4
J a n ’ 05
D e c ’ US
A p r ’02
115
N o v ’06
Sep ’ 06
1
115 4 M a r’06
137 N o v ’ 9 7
120 O ot ’01
107 4 ......... 1 0 7 4 N o v ’ 06
1 1 4 4 ......... 120
98
M a r’ 06
J ’ l y ’ 97
108% ........ 116 M ay’05
9 8% Sale
97%
98% 124
100 4 J’n e ’06
964
9 6 4 "27
” 96% Sale
109
76
89
.........
90
9 2 4 Sale
M ar’ 05
D e c '06
Jan ’ 05
106% O c t ’ 05
9 8 4 J ’n e ’ 06
101*4 N o v ’ 01
92
122
92%
J a n ’06
3
1 3 2 4 .........
1 2 3 4 ......... 123 4
I ll
......... 109%
......... 92% 93
102*4
82 Salt
814
98
118%
119
82 ......... 82
......... 94%
♦.......... 82
7 7 4 78*4
101 .........
J a n ’07
Jan ’07
J a n ’ 07
A u g ’ 05
82% i b o
N o v ’ 06
J a n ’ 07
8 2 4 '1 2
94 4
94 4
82
82
7 8 4 J a n ’ 07
7
10
105% J a n ’07
106% 106
131
“ *i
130 *4_____ 131
134 D e c ’ 06
108
108% " b
i'08%
116% A p r ’Ol
106% Sale 1 0 6 ’ e 106
..........1 0 3 4 100 D e c ’ 06
100*4 O ct ’ Oo
i o o '4 IIIIII 100 4 D e c ’ 06
124
1 1 7 4 122
130 .......... 133
136%
113 ......... 116
1 1 6 4 ......... 115 4
M ay ’ 06
O ct ’ 06
M ay’ 06
A u g ’ 06
D e c ’06
81% Sale
100 Sale
87 4 .........
9 2 4 ..........
103a< .........
1 0 2 % .........
1 0 4 4 .........
107%
107 .........
1 0 5 % .........
94% Siilt
89 4 Sale
1 0 2 4 .........
9^% 100*4
......... 09 4
85% 86 4
l o 9 4 . . ..
104 108
105
102 4 106
1 0 9 % .........
..........112
9 4 % ..........
O ct ’ 05
814
32
100
1004
88 J a n ’ 07
» 6 4 M a r ’06
107 *4 A u g ’ 06
J-J
A-O
F -A
A -O
F-A
11
4
109 4
1074
110
108
M ar’ 06
J a n ’ 07 . . . .
J a n ’05
A u g ’ 06
102
Jan ’03
944
884
90
109 4
100
984
86
96
i0 5 4
109
106*4
107 ^
104
1094
112
944
116
94% 66
89 >4 23
D e c ’ 06
F e b ’ 06
J a n ’ 07 . . . .
M ay’ 06
Jan ’07 . . . .
D e c ’ 06
Jan ’ 07
N o v ’ o6
J ’ly ’ 06
F e b ’ Oo
A u g ’ 06
1
1094
112
18
1
944
D e c ’ 06
J .J
J -J
A-O
AO
M-N
J -J
AO
Vl-N
J -J
M-N
M N
A-O
J -J
9 1 4 ..........
99 Sale
96 A n g ’ 06
98%
99
78%
79
88% Sale
88 4
8*
1 07 *4........ 108
108
......... 90% 91 J a n ’ 07
100 101
100 Jan '07
97 4 O ct ’ 05
ib i
Safe 101
101
......... 8 J
82 Jan '07
7.1
72% N o v ’06
9 6 4 97*4 97 J a n ’ 07
1<»5*4......... 105
} 05 4
93 4 ......... 93
*J3
9 S 7b Sale
97%
99
>*H ......... 98?(j
90 *v
97 4 99 u 98 J an ’ 07
9'Y\ Sale
9 6 34
07
* N o price Friday; latest bui >ihlasked tills week,
R a n ge
S ince
J an uary Z
B id
A .ik L ow
H ig h
S ou th ern P a c Co— (C o n tin u e d )
127 Sep ’06
M o r g a n ’ s L a <& T 1st 7 s . 1918 A-O 123*4 . . .
116 N o v ’ 06
1st g o ld 6 s...................... 1920 J - J 114 ...
10] ®8 N o v ’ 06
N o o f Cat 1st g u g 6 s ___ 1907 J -J
113 J a n ’ 01
G uaran teed gold 5 s ___ 1038 A -O
99 A u g ’ 06
O re & Cai 1st g u ar g 5 s .1927 J - J 100 .......
8 6 4 Sale
864
87
S A & A P a ss 1st g u g 49.1943 J -J
So P o f A r g u l s t g 6 s . . . c l 909 J - J 102*8 104 103 4 103 4
1st g u a r g 6 s............... c l9 1 0 J - J 1 0 4 * 8 ......... 104*8 1 0 4 3»
S o P a cific o f C al—
115 115
111 A u g ’ 06
l s t g 6 s s e r i e s E & F ...1 9 1 2 A-O 108 .
1 1 4 4 D e c ’ 04
1st g o ld 6 s ...................... 1912 A-O 1 1 1 78 .
119 Jan ’ 06
1 s t c o n g u a r g 5 s ......... 1937 M-N 1 1 8 4 .
108% J ’l y ’ 05
S ta m p e d ........... 1905-1937 M-N
104
104
8 P a c o f N M e x 1 s t g 6 s .. 1911 J -J 103 ■>
S o P a c Coast 1st gu 4s g . 1937 J - J
111 *4 Jan ’ 06
T e x & N O S a b D iv ls t g 6 s .l9 1 2 M -S ......... 108
104 Sep >06
C on g old 5 s .....................1943 J -J
113
S o u th e rn —1 st co n g 5 s ___ 1994 J - J i l 2 4 i l 3 ' 1 1 2 4
114 N o v ’ OO
R e g is te r e d ...................... 1994 J - J
M o b & O hio c o ll tr g 4 s .. 1938 M-S ......... 94
93 4
94
1 1 5 4 ........ 116 J a n ’ 07
M em D iv 1st g 4 4 - 5 s . .. 1996 J -J
93 4 ........
93 4
93 H
S t L o u is d iv 1 s t g 4 s ___ 1951 J - J
113 J a n ’06
A la C en R 1st g 6 s ......... 1918 J -J 114 . . . .
96 J ’ ue’ 06
A tl & D a n v 1st g 4 s ........1948 J - J
92 J ’ n e ’ 06
2d 4 s ................................. 1948 J - J
9rf ........
A t l <fe Yad 1st g gu a r 4 s . 1949 A-O
97% 98*4
C ol <fc G re e n v 1 st 6 s ........191 6 J -J 110 ....... 116 4 M ay’ 05
E T V a A G a D iv g 5 s . . 1930 J - J 112^4........ 1 1 2 7g J an ’ 07
"9 6 " ”964
C on 1st gold 5 s ............. 1956 M-N 1 1 6 7g Sale 11678 117
E T en re o r lien g o s ........1938 M-S 113 ........ 113 4
H3 4
68 J a n ’ 07
68
70
G a M id lan d 1st 3s........... 1946 A-O
11758 J an ’ 07
1184119
Ga P a c R y 1st g 6 s ..........1922 J -J
118
118
K n o x & O hio 1st g 6 s . . . 1925 J - J
112 ......... 112 J a n ’ 07
R ich & D an c o n g 6 s ___ 1915 J-J
D e b 5a stam p ed ............. 1927 A-O 1 0 9 4 ......... 112»4 Jau ’Ob
S7 ......... 9 8 F e b ’05
R ic h <fc M eek 1st g 4 s . ..1 9 4 8 M-N
106*8
So Car & G a 1st g 5 s ___ 1919 M-N 106 Sale 106
V ir g in ia M id ser C 6 s . . .1 9 1 6 M-S 112=8......... 112 O c t ’06
s e r ie s D 4 -5 s .................1921 M-S 108 ......... 1 0 8 4 D e c ’ Ob
S eries E 5 s ...................... 1926 M-S 1093f,........ 113 D e c ’05
G en eral 5 s .......................1936 M-N l l O ' g ......... 1 1 1 4 D e c ’ 06
G uar stam p ed ........... 1936 M-N 1 10a4 ......... 109 4 M ay’ 06
31
924
9 5 “« ......... 96*8
96 '*
W O & W 1st c y g u 4 s . .1 9 2 4 F-A
W e s t N C 1st c o n g 6 8 ..1 9 1 4 J -J 110 ......... 109 4 J a n ’07
S & N A la See L <fc N
117 J ’ l y ’ OO
S p o t F a lls & N o r 1st g 6s . 1939 J - J
100 N o v ’ 04
S ta t l s l R y 1st g u g 4 * a s ..l9 4 3 J-D
S y ra B in g <fe N Y See D L & W
109 M ay’ 06
'I ' e r A o f S t L 1st g 4 ^ 8 . . 1939 A -O 108* b .
117 J a n ’ 07
-L 1st co n g old 5 s ___ 1894-1944 F-A
123 4 1 2 3 4
93 4 J a n ’ 07
G e n re fu n d s 1 g 4 s ..........1953 J - J
109% 109%
111 D e c ’06
St L M B g e T e r g u g 5 s . 1930 A-O 108 112
93
93
l'e x & .N O See So P a c Co
U 7 * i 11734
‘ *31% "8 2 4 Tex<fc P a c 1st g o ld 5 s ........2 00 0: J-D 1 1 7 4 1 1 8
92 N o v ’ 06
2d g old in c 5 s ...................?2000 Mar .......... 96
L a D iv B L 1st g 5 s ........1931 J - J 10 7 *2........ 110 M ar’ 06
119 119
106 4 N o v ’04
W M in W ife N W 1st gu 5s ’ 30 F -A
81% 82%
115 DecNJO
T o l <& O C 1st g o s ............... 1935 J - J
111 M ay’04
W e s te rn D iv 1st g 5 s ...1 9 3 5 A -O
G e n e ra l g o ld 5 s .................1935 J-D 102 4 ......... 102 4 J an ’ 07
96
97
97 J a n ’ 07
K an <fc M 1st g u g 4 s ___ 1390 A-O
94*4 95
T o l P & W 1st g o ld 4 s . . ..1 9 1 7 J -J
.......... 89*4 89 J a n ’ 07
82
82
87
T o lS tL < fc W . p r C ^ g 3 4 8 .1 9 2 5 J -J
« 5 :J4 ......... 87
77% 79
81%
82
82 Sale
50-year g o ld 4 s ................. 1950 A-O
94 ......... 95 D e c ’Otj
T o r H a m & Butt 1st g 4s.Zi.1940 J - D
ls te r & D e l 1 s t co n g 5s 1928 J-D 109 4 . ........ 112 D e c ’ 06
105 4 1 0 5 %
93 Sep ’ 06
1 st r e fu n d g 4 s ........... 1952 A-O
131 131
1 0 1 4 Sale 1 0 1 4
101
U n P a c R R <fc 1 g r g 4s ...1 9 4 7 J -J
R e g is te r e d ...................... 1947 J -J 101 Si Sale 101*4 101*4
i b T io i%
9 7 7,
O re R y <fe N a v c o n g 4 8 .1 9 4 6 J-D
9 8 4 98
98-4
O re S h o rt L in e l s t g 6 s . . 1922 F-A l ‘2il 124
1 2 3 7e 1 .4
106% 108%
113
1st c o n s o l g 5 s ............... 1946 J -J 1 1 3 4 ......... 113
G u ar r e fu n d 4 s ............. 1929 J - D
9 4 3<
94 4
94°e Sate
R e g is t e r e d ...................1929 J -D
94*4 O ct ’ 06
.
U tah & N o r 1st 7 s ..........1908 J - J
105 A u g ’ o6
110 J ’n e ’ 06
G o ld 5 s ..............................1926 J -J
1064 .
U ni N J R R & C Co s e e P a R K
U tah C en tra l See R io G r W es
U tah & N o rth See U n P a cific
U tica & B la ck R See JST Y Cent
I andalia c o n s o l g 4 s ___ 1955 F -A
1 0 2 78 F e b ’ 06
98 Sep ’ 00
era C r u z & P l s t g u 4 4 s l 9 3 4 J - J
V e r Vat l n d & W See M o P
V ir g in ia M id See S o u th R y
V a & S o u th w ’ t 1st g u 5 8 .2 0 0 3 J -J 110 112
110
110
114
\ \r aba sh 1st g o ld 5 s ........1939 M-N 114 Sale 113
VV
2d g o ld 5 s ...................1939 F-A 105*4 105 4 1 0 5 4
105*4
95 N o v ’06
D e b e n tu re series A ........1939 J - J
81% 82*4
C ertificates o f d e p o sit
100 100 4
73 ,
S e rie s B ............................ 1939 J - J
76 J a n ’ 07
88
89
C ertificates o f d e p o s it___
724)
714
72
1st lie n e q u ip s id g 5 s . .1921 M-'S
101 D e c ’ 06
88 .
1s t lie n 50 y r g te rm 4 s . 195 4 J J
93 M a i’ Ob
D e t & Ch E x t l s t g 5 s . . 1941 J - J IO8 J4 .
108 J a n ’ 07
97 N o v ’ 04
D e s M o ln D iv l s t g 4 s ..1 9 3 9 J-J
107 4 107%
Om D iv 1st g 3 4 s ............1941 A-O
85 4 M ay’06
T o l & Ch D iv l s t g 4 s . ..1 9 4 1 M-S
93
96 4 93 L e c ’ 06
S t Chas B rid ge 1st g 68.1 9 0 8 A -O
102 Jan ’ 07
W a b P itts T e r m 1st g 4 s . 1954 J -D
7 9 4 80
79 4
79 4
2d g o ld 4 s ............................1954 J -D
30 Sale
2934
30*4
W a r r e n s e e D ei L a c & W est
9 4 4 9 4 34 W ash C e n t See N or P a c
8 8 4 8 9 4 W a sh O & W See Sou th ern
W est M a ryla n d I s t g 4 s . . . l 9 5 2 \ -0
8 1 4 Sale
814
814
G en & c o n v g 4 s ............. 1952 A -O
67 Sale
67
67
W e s t N Y & P a 1st g 5 s .. 1937 J-J
115*4 Sale 11434 115*4
9 9 34 100
G e n gold 3 -4 s .....................1943 A-O
9 3 4 s a le
934
93 H
In c o m e 5 s ........................ d l9 4 3 Nov
30 M ay’ 06
8 5 34 86
W e s t N o Car See S o u th R v
1 0 6 4 A ug’O
105 4 105 4 W V a C en t <fc P l s t g 6 s . .1911 J -J
W h e e l’ g <fe L E 1st g 5 s . ..1 9 2 6 A-O 110*8 . . .
1 0 9 58 D e c ’ 06
W h e e l D iv 1st g o ld 5 s . .1 9 2 8 J -J 109 . . .
110 D e o ’ 06
E x te n & Im p g o ld 5 s . .. 1930 F-A 110*4
111 4 A u g ’ 05
R R 1st c o n s o l 4 s ...............1949 M-S .......... 8 7 4 87 4
§7 4!
20-year eq u ip s f 5s ...1 9 2 2 J-J
102*4 D e c ’ 05
109*4 1 0 9 34
W ilk e s <fe E ast See E r ie
111 112
92 4 9 4 4 W U & Sioux. F See S t P M & M
W is C en t 50-yr 1 s t g en 4 s . 1949 J - J
8 8 4 Sale
884
89
109
H igh
U
L ow
86*4
M qK
87
10 3 :4 10 3 4
1043b 104 V
lOSSs i 0 4
1 1 2 4 11334
92
94
1 1 6 4 116
9 3 4 94*41
112 78 113
116 1 1 7 4
11341134
68
6 9 1*
117®8 U 7a»
118 118
1 1 1 4 112
1 06 106 4
9 4 j4 9 6 4
1094 1094
117 117
93 4 94
11C 4 117*4
1024102*9
97
89
87
81
97
89
87*,
82
101“b102
100 4 101*4
97 78 98%.'
123 126
11234 113
93 4 94%
102>4
M IS C E L L A N E O U S
iH n iu ifn cttirin g ifc lnriun trinl
B eth Steel 1st e x t s f 5 * ..1 9 2 6
C en t L ea th er 20-year g 6s. 1925
C on sol T o b a c c o 50-yr g 4 s .1651
D istil S e c C or c o n v l s t g 5 s .’ 27
I n t P a p er C o 1st con g 6 8 .1 9 1 8
C on sol c o n v 8 f g 5 s ........1935
In t St P u m p 10-yr c o n v . 6s ’ 13
K n ic k e r I c e (C lu e) 1st g 5 s .’ 28
L a ck a w Steel 1st g 5 s ___ 1923
N a,t S tarch M lg Co 1 st g 6s 1920
N at S tarch C o s 1 d eb 5 s .. 1925
K ep u b l< fc S ls t< fe co ltr 5 s .l9 3 4
U S Leath Co s Xtie b g 6 s .. 1913
U S R e a l t y * I con v d eb g 5 s ’ 24
U S Steel C orp— ( cou p .<J1963
S f 10-60 y r 5s. ( r e g ..rf 190S
V a-C ar Chem cot ir 5s g . .l 9 1 2
W estin irh ou se E & M s f 5s ’ 31
Week's,
R an ge or
L a st Sale
Price
F rid a y
J a n 25
V
1 0 6 4 1 0 3 * 4 1 0 7 4 D e c ’ 00
110
1JOIS 1>*
N. Y . STOCK E X C H A N G E
W e ek E n ding J a n 25
R ange
S ince
Jan u ary 1
209
4
97% 99
76 4 79
87
89
107 108
90 4 92
100
100
102
824
■■7
105
934
97 4
97%
98 4
95 4
a Due Jan
!'7
105 4
95
9 s 7,,
98%
9 8 3,
97
110
113
105
754
71*4
108
11 1 %
114
105 %
76%
75
108
102 10a
79% 80
29% 32%
814
82%
66
68
114% 115%
9 3 4 93%
87 4
87%
87*4
89
B O N D S —C o n c lu d e d .
.U isceslla n eou s
A d a m s E x c o l tr g 4 s ____ .1 9 4 8
A m Dk<fc I m p 5 s
See C e n t N J
A m SS C o o f W V a g 5 s — 1920
B ’ k l’ n F erry Co 1 st c o n s g os '48
C h ic J c & S t Y ard c o l g 5 s . 1915
D e tM <fe M Id g r in c o m e s .. 1911
H o b o k e n L<fc I g o ld 5 s . ..1 9 1 0
M ad Sq G arden l s t g o s . .19 1 9
M an B ch 11 cfc L g e n g 4 s . .1 9 4 0
N e w p N e S la p <fc D D 5 s d l9 9 0
N Y D o ck 50-yr 1st g 4 s .. 1951
P r o v id e n t Lonn S o c 4 4 s . 1921
s t J o s e p h Stk Y d s 1st 4 4 s . 1930
s t L T e r c u p p le s S tat’ n
P ro p
Co l s t g 4 4 « 5-20 y e a r .. 1917
S Y u ba W at (Jo co n g 6 s .. 1923
Sp Val W at W o rk s 1st 6 s . 1906
U S Red <fc lie f 1st s f c 6 s . 1931
t> Due bub
d Due A pr
e Due May
M-S
102 4103*4 1 0 2 4
1024
M-N
F -A
100%
41
108
70
J 'n e ’ 02
O ct ’ 06
J ’ n e ’ Oo
S ep ’ 06
j
.j
A-O
M-N
M-N
M-N
J -J
F -A
M -S
J -J
9 4 4 Sale
94 4
944
99 M ay’ 06
100 4 Sep ’Oi
J-D
J -J
M-S
g Due J ’ne
92
95
A Due J ’ly
112 J ’l y ’ 04
1 1 3 4 -1 ’ l y ’ OO
95 J a n ’ 07
p Due N o r
102
102 %
93%
4)5
95
95
s Out)on Sale
CHICAGO STOCK EXCHANGE—-Stock Record—Daily, Weekly and Yeiriy
aUOCA*s— HJUHJs.t>l AJUD L O W b b 'L S A L i . F M iC h S
tM tu ra a y
J a n 19
• 1 «0
180
M onday
J a n 21
*160
180
•5
♦15
36 4
*0
*17
63
•86
•27
•70
•35
25
• 60
•
32*4
•97
*25
*5
54
164 *154
39
40
•5
54
18
64
63 4
&7 4 * 8 6 4
28
•27
71
7 «4
40
*30
25
♦25
63 H *61
*
89
33
83
99
9d
29
*25
54
17
40
54
62 4
*130
•1264
52 4
5
52%
*130
*1264
79
5%
53
*31
*87
*10/
*53
38
112
55
*1
•6
• 140
*1
1%
*6
«4
*140
143
*115
10641064
* 122 >. 123
*47 4 48 i4
*31
*87
*107
*53
63%
87
28
70%
40
26
614
h8
334
98
29
79%
38
110
56
1%
64
117 117
106 107
123
123
*47 4 48
W ednesday
J a n <13
T-uesdcm
J a n 22
•160
*5
*154
39
•5
*17
*634
*86
274
70
*30
*25
*61
*85
32%
*97
180
-5
♦15 4
40
54
17
40
04 4
*g(J
274
71%
*30
*25
62
*85
*31
*97
64%
864
a. ^
71%
40
26
62
87 4
33
99
29
6%
6
54
6*4
52 4 63
131
131
’ 130
128 V. 128 V) *128
79 *n 81)
10841084
*31
*31
38
38
*37
38
*107 108
107 107
*53
65
*53
66
*1
*1
14
1%
*6
*6
64
*140 144
*14J 144
47
47
48
48
* 1 1 5 4 ..........
*1164
*1064107 4
10/
107
120
123
123 124
*47
43
48
*47
24
83
117
•80
•116
83
1 17
83
118
19%
82
81
H 7 4 1174 1174
117 4
L a s t s a l e c>4
Jan ’ 07
L a s t S a l e 120
J a n ’ 07
>1 ny’06
99 4
J ’ly ’06
*55
58
*54
58
93*4 93*4
li2
112% 1 1 1 4 11134
134 135
102 102 4 102
102
1%
1%
14
14
7%
* 7 j4
84
84
26
26
264 204
M is c e l la n e o u s
A m e r ic a n C a n ............. 100
D o p r e f . . . ........100
A m e r R a d ia to r.......... 100
D o p r e f .................100
A m e r S ln p o ld g ............100
D o Dref................. 100
A m e r S tra w B o a r d ..........
Booth (A^ & C o ......... 100
D o p r e f .................100
Gal <fc C h ic Canal & D 100
C e n tra l T r u s t B a n k ..1 0 0
C h ic a g o A u d ito r iu m ........
C h ic B r e w ’ g<fc M a lt’ g ___
Do p r e f........................
C h ic E d is o n .................100
Clno P n e u m a t ic T o o l.1 0 0
;h ic T e l e p h o n e ..........100
C h lo T it le <fc T r u s t . .. 100
D iam on d M a tc h ..........100
Illin o is B r ic k ............. 100
K n ic k e r b o c k e r I c e . ..1 0 0
D o p r e t _________ 100
L on don <fc C h ic C o n tr ___
M a n u fa ctu re rs ’ P u e l........
M a so n ic T e m p l e ...............
MU & C h ic B r e w ’ g ...........
D o p r e t ........................
N ational B is c u it ........100
D o p r e t................. 100
N ation a l C a r b o n ........100
D o p r e f .................100
P a ge W o W ire F e n c e ___
P e o p le 's G as L<fe C’ kelOO
Sears R o e b u o k c o m . 100
do
p r e t................. 100
S w i f t * C o .....................100
T h e Q u aker O ats C o . 100
D o p r e t.................100
U n it’d B o x B d & P ColOO
D o p r e f.................100
W e s te rn S t o n e ............l o o
5%
M in in g
A d v e n tu re C on . . . . . . 25
6%
54
52 4 5 2 4
*132 .........
* 1 2 8 4 .........
*79
80
‘ 107 108
L a st S a le
38
38
*107 110
L a st S a le
L a s t S a le
L a st s a le
L a s t S a le
L a s t S a le
L a s t S a le
47
47
*115 1 1 /
1 0 t>34 10634
1194121*2
*47
48
L a st S a le
54
5%
62 *a
52 4
*131
*128
78
79
107
107
30
Jan ’ 07
*37
38
*107
108
51
Jan ’ 07
175
16
I
J a n ’ 07
6
Jan ’ 07
14i
Jan ’07
*45
47
*115
117
"1 0 6
107
126
126
47
47
32%
8(J
L a st S a le 1?
L a s t S a le 9
D e c ’04
L a s t H a lt 46
24
L a s t s a l e 32
55
“ 34
112
139
14
8
25 4
STOCKS
C H IC A G O ST O C K
EXCHANGE
K n ilr o n iU
O ct ’ 06 C h ic C ity R y ............... 100
C lu e P ass R y .................
6 C liic <fc O ak P a r k ........100
15
D o p r e f .................100
41
C h ica g o Sab-w ay........100
Jan '07 C h ic U nion T r a c t ___ 100
164
D o p r e f................. 100
65
K ans C ity B y & L t ..1 0 0
86
Do p r e f.................100
28
M e tro p o i W s E le v .,1 0 0
71
D o p r e t .................100
J an ’ 07 N o rth C h ic S tr e e t___ 100
25 4 N o rth w e s te r n K ie v ..1 0 0
63
D o p r e t.................100
87
S ou th Side E l e r ......... 100
32 4 S t r e e t s W S table C L 100
99
D o p r e t .................100
Jan ’ 0 ? W e st C h ic S tr e e t........ 100
5
5
*44
15
15
*144
*39
41
*39
L a s t S a l e 5*4
*17
18
164
65
65
64 4
86
86%
86
2 7 4 28
2S
71
714
71
L a s t ‘t a l e 40
* 25
2 6 Sr
25 4
*60
63
*60
*85
87
87
32
33
*31%
*97
99
*97
L a s t &a I e 2 ?
83
83 Hi 83 4
83 4
83% 84
117
117
117 11 /
H 64H 7
82 4
8 2 4 *80
*117 118
*117 119
*117 119
♦
*55
57
55
55
*55
58
92 3« 93 4
93
93 H
934
• 9 3 4 94
1114112
1114112
1 1 1 3, 1113, 11 l 3*
135
"135 138
*135
135 135
102 102
*102
103
•102 103
•1%
1%
14
14
1*,
14
14
8
8
8
8
84
*7*4
84
2 6 ‘«
254
2 6 4 *25
*2o4 264 *
F r id a y
J a n 25
L a s t S a l e 140
180
*160
54
17
41
54
18
64
86 4
27 4
71
40
26
64
8 /4
33
99
29
T h u r sd a y
J a n 24
L a s t S a l e 29*4
10
M ar’ OG
J ’ne'Otf
No\ ’06
4
So 4
L a s t S a l e 7%
F e b ’ 06
J ’ n e ’ Otj
L a n g e to r y e a r
19 0 6
Sates
o f the
W eek
Shares
H ig h es t
140
90
21
861
855
93
28;
311
Tw
10
10
791
10
b o .> u ?
C H IC A G O S T O C K E X C H ’ S t
WKKK E n ding JAJf 25
F r ic e
iria a y
J a n 25
9 9 'a
101% .
lo O
.
t lO o
101
100 101
93 100
......... 98
JrLigh
8/
97
98
99
102
.......
1(M Hi 105
*102
.......
100
S alt
......... 102
.......100
..........
*75*
95
72
$90
Low
H ig h
’ 99 i'00»4
10138 10314
101 101
” 55" ” 07 “
1 0 0 4 104
1 0 0 4 10334
9 6 j4 9 6 34
F e b ’06
78%
814
79 N o v ’ 04
80 A p r ’04
......... 103 >2 102 Hi J a n ’ 07
90
D e c ’ 06
98 J a n '07
9 8 4 ........
......... 100
99*4 -Nov’ 06
192
95
9 l%
92 4
16 M ay’ Oo
9 o % Sale
90*4
90%
81
84 .
t 34 4 Sale
» 0 D e c ’ 06
75 ........
t 9 0 % S a le
92 Hi Sale
R an ge
■for y ea r
190 6
99 % M ay’ 06
1 0 1 4 Ja n ’ 07
101 .Utii’06
103 A p r ’04
57 D e c ’06
100 Hi N ov ’ 06
101
101
96 34 J a n ’ 06
81 Hi Sale
79 A u g ’ 06
77 D e c ’ 06
90%
90 4
92 4
92 Hi
100 4 M ai ’ 06
97 D e c ’ 06
99 O ct ’ 06
9 9 4 Sep ’ 06
118 .V.%’ 00
102 4 J an ’ (>7
104% J a n ’ 07
102 J a n ’07
103 4 F e b ’ 06
lO o
100
102
1024
99 J a n ’ 07
114 N o v ’ 04
72 4 Ja n ’ 07
95 D e c ’ 06
6 8 4 Sep ’ 05
72 4 D e c ’ 06
72
73
87 D e c ’ 06;
9 6 4 J a n ’ 00
Jan
5 180
7->< Jan 17
28% Jan 2
6> M ayl7
13% b> b 2 0
46% M a r l2
6S “-j B’eb 9
93*2 Feb 8
30 J ’ n e 8
72 4 N o v . 3
85 M a r l2
28 4 F e b 23
68 4 M ar 1
99 J ’ n e 9
35*4 N ov 12
102 J ’ n e l5
60 F e b 19
I H ighest
Jan 205
Oet
4 J ’ lv
734 Jan
16 J ’ly 28 D eo
40 O ct 8 7 34 A u g
6*8 J ’ ne 13% F e b
26 J ’ ly 51
Feb
30 Jan 60 Sep
82 4 Jan ay s Sep
20 Jan 2 s 4 O ct
59*2 Jan 73% Sep
55 J ’ ly 99 F e b
21 May 26 D ee
60 M ar 68 O ct
90% May 100 A u g
27 A u g 30 Sep
■J7 D e c 1 0 3 >4 M ar
40 J u t 72 Fefc
11% Jan 20 i 8% D ec
72 J an 25 60 J a c
130 N ov 7 76 Jan
136 Jan 17 125 F e b
81 N o v 5 38 Jan
112 N ov23l 98 4 Jan
3 l 4 Dec 191
40
Feb 6 35 O ct
1 1 3 4 J ’ n e 2 105 M ai
64
Feb 6 50 J ’ ly
175 May31 148 Hi F eb
16 4 F e b 23 10 Jan
1 M ar 6
34 J ’ n<
7 Jan 16
6 J ’ne
165 F e b 15 153
Jan
63 F e b 9 32
Jan
139 Jan 15 125 May
118 Jan 9 95
Apr
147 Feu
134 *2 Feb
71% Jan 23 55 J ’ ne
11 F eb
79% F e b 23 80 F e b 28 63
F eb
14 % A p r
73 Hj A p r
110 Deo
134 D eo
59% Sep
105 Si M ar
40 J aa
112 A u g
70 O ct
150 M ar
10 J a c
I J'-n
7 Jan
172 F e b
58*4 D eo
143 >2 F e b
118 D eo
145 A u g
67 N ot
42 N o t
76 Oot
46 M sy22 4S Sep 25 44 Hi M ar 48*2 A u g
2 Jan
2 Hi F e o 3
13* M ay29
2*4 O ot
21 J ’ ne2t< 23 M ar 7 19 Sep 23 O ot
1,015 62 M ay 2 7 9 4 D e c 17 5 2 34 A u g 67% D eo
328 1 1 3 4 J a n 4 119 O ct 24 11034 A u g 1 2 0 ‘s M ar
78 J an 5 95 M ar 3 41 Jan 8 0 4 D eo
112 D e c 14 122 Hi M ar 9 110 Jan 12<1 J ’ no
5 Apr
5»4 May
88 % T’ly 10 93 Hi M a y i7 99% May 110*4 A p r
2o 50 A u g 2 63 *a D ec 6
7 9o 92 N ov o 99 Sep 1.1
2,367 101*4 J a n 17 119 Hi Sep 27 101 D ec 114 Jaa
15b 115 May 16 152 J an 5 46 Jan 165 D eo
133 99 *9 D e c 6 106% F eb 15 8 6 Hi Jan 109 Hi N ot
2 ;.t J a n 12
2 4 Apr
625
I 3*! J ’ ly
% D ec 21
8 A u g 16 Deo
470
5% D e c 28j 17 WJan 20
23 Feu 41 A aft
135 28 D e c 26 42 M ar
5*4 M ar 7
3 6 ‘a M ar 7
29*1 J ’ n e lo
7% J ’l y l 4
14 4 M ar V
3 4 J ’ ly 20
85 *4 Feu .'3
6 F eb 2 4
6*4 F e b 2b
36*2 M ar 7
44% F e b 'it
14*4 Mar2S>
2 0% N o v 0
4*8 O ct 2
8 5 14 F e b 23
7% J ’ n e l6
Chicago Banks and Trust Companies
Week?!
R a n g e or
L a st Hale
Lou>
A m e r B is c u it 6 s ................. 1910 F -A
A m e r S tra w b oa rd 1st 6 s . .1 9 1 1 J - J
Cass A v e <fc F G ( S t L ) 5 s . 1912 J - J
C h io B oa rd ot T r a d e 4s . ..1 9 2 7 J -D
C h ic C on sol B r <fc M lt 6 s ........... J -J
O lilc C on sol T r a c 4 4 s ........1939 J -D
C h ic E d ison d eb en t 6 s ___ 1913 J-J
1 st g old 5 s .......................A1920 A -O
C h ic A u d ito r iu m 1st 5 s . ..1 9 2 9 F -A
C h ic D o ck Co 1 s t -is........... 1929 A - 0
C h io N o s h o r e E le c 6 s ___ 1912 A -O
C liio <fc M il E le c B y 5 s ___ 1919 J - J
C h ic P n e u m T o o l 1 s t 5s .0 1 9 2 1 J -J
C h ic R o c k I & P a c K B 4 s .2002 M-N
C olla t T r u s t g 5 s ............. 1913 M-S
C om m on w ea lth E le c t 5 s. i>194o M-S
I llin o is T u n n e l 5 s ............. 1928 J -D
K a n s C ity R y & L t C o 58.1 9 1 3 M-N
K m c k e r b ’c k e r I c e 1st 5 8 .1 9 2 8 A -O
L a k e S tr e e t E l 1st 5 s ........192& J - J
I n c o m e o s .......................... 1925 F eb
M etr W S id e E l 1st 4 s ___ 1938 F
E x te n s io n g 4 s ................. 1938 J - J
N o rth C h io St 1st 5 s ..........1909 J - J
1 st 5 s ................................... 1916 J - J
R e fu n d in g g 4 *2 8 ............1931 A-O
N o C liio C ity R y 4*28 . ..1 9 2 7 M-N
N o rth W e s t ’ n E l I s t 4 s . . . l 9 1 1 M-S
O gd en G as 5 s ...................... 1945 M-N
P ea rs on s -T a ft 5 s ................. 1916 J -D
4 - 4 0 s ........................................... . M-S
4 '6 0 b S eries E ................... . . . . M-N
4 -80s S eries F ............................M-N
P e o p le 's G as L A C 1st 6 s .1943 A-O
R e fu n d in g g 5 s ............... 1947 M -S
C h ic G as L t & O 1st 5 s .. 1937 J - J
C on s u m ers ’ G as 1st 5 s .. 1936 J -D
M u tu al F u e l G as 1 st 5 s . 1947 M-N
S o u th S ide E le v 4 >28..........192-1 J - J
8 w ilt <fc Co 1st g 5 s ............1914 J -J
U n io n E l (L o o p ) o s ............1945 A-O
U nion P a cific eon v 4 s ___ 1911 M-N
U n ited B o x B oa rd 6 s ..........................
W e s t C h ic St 1st 5 s ............1928 M-N
T u n n e l 1 s t 5 s .................... 1909 F-A
D e b e n t 6 s .......................... 1914 J-D
C on sol g 5 s ........................ 1936 M-N
W e s t D iv C ity R y 4 His.. 1932 J - J
W e s t ’ rn s t o n e C o o s ........1909 A -O
Sep 28 200
5 D e c 31
15 D e c 6
l>934 J ’ly 13
4 J ’ly 12
1 2 4 VI.) 18
54 4 Jan 2
8 - O ct 31
25 O ct 30
65 S2 O ct 23
‘25 M ar 14
23 *2 J ’ly 24
60 M ay23
85* 4 A p r SO
27 M ay 18
97 D e c 26
23 A p r 10
Lowest
1,183
6 J ’ ne28
652 51 J ’ly 13
100 115 Feu 9
30 128 <3 D ec 3
6 j 5 54 dan 13
65 101 Jan 11
17 F e b 28
" iis
36 Jan 23
i 106 Wet 15
55 May26
168%M ayl8|
16 F e b l
1 M ar 6
6 N o v 14
136 J’ ly 31
6o 43 4 D ec _'4
15 l o l A p r 2
405 103 M ay 3
2,199 118 J ’ n e 6
100 41 Sep 1
20
Chicago Bond Record
Unuae ior - / j too*
Y ea r ( 1 9 0 5 )
87
46
80
90
1024105 \
87
95
9 7 s4 100*4
99 100
95 10O
90%
84
95"
89
90
90
79
92>4
8 9 34 9 4 34
8 9 IO0 4
1004 1004
97
99%
99 100
9 9 4 100
118 120
101% 105%
1 0 1 4 108
103 4 105%
103 4 103 4
100 4 1 0 5 %
101 4103*4
100 1 0 5 4
65“ ‘ 7 7 4
72*4 100*4
60
55
80
964
85
8 4 34
954
96 4
N o te .—A c c r u e d in te re st mus|t b e added to all| C h ic a g o b o n d |p r ic e s .
NAM E
Outstana
ing
S tocki
iHDidena R ecord
S u rp lu s d
J*ro/ltst
In
1905
8
B a n k ers N a t io n a l ........$2,000,000
C a lu m et N a tio n a l..........
100 ,000
5
10
C h ic a g o C it y ...................
500,000
12
C om m ercia l N a tio n a l.. o2,0 0 0 ,0 0 0 1,97 u,61 i
C on tin en ta l N a tio n a l..
4,000,000
6
C ook Co State S a v in g s
50,000
12
Corn E x ch a n g e N a t . . .
3,000,000
6
D re x e l S ta te ...................
200,000
27,21
325,704
D ro v e rs D ep N a tion a l
600 ,000
E n g le w o o d S ta le .........
200 ,000
B egan
F e d e ra l N a t io n a l.........
500 ,000
||12
F ir s t N a t io n a l...............
8 ,000,000
10
F ir s t N a t E n g le w o o d ..
100,000
642,324
P r iv
F orem an B ros B ’ k ’ g C o
500 ,000
318,185
6
F o r t D e a rb o rn N a t ___
1,000,000
H am ilton N a t io n a l___
500 ,000
....
H ib e r n ia n B ’ k ’ g A s s ’n
1,000,000
....
K a sp a r s t a t e B a n k ___
200,000
2 0 ,l 3 f . . . .
^ lo n r o e N a t io n a l.........
200 ,000
77,421 . . . .
M u tu a l B a n k ................
250 ,000
6
N a i B a n k of R e p u b lic .
2,000,000
N ation a l L iv e S t o c k ...
1,000,000
12+3
8.4 1
N o rth Side S ta te s a v . .
50,000
6
So,365
O akland N a tio n a l..........
100 ,000
6
66,379
P rairie N a tio n a l............
250 ,000
119,323 " s
P ra irie S ta te ...................
c5 0 0 ,0 0 0
213,587
P u llm a n L oa n & s a v . .
300 ,000
3,54 B eg an
R a ilw a y E x c h a n g e ___
250 ,000
58,730
S o u th C h ica g o S a v in g s
200 ,000
4
S tate B a n k o t C h ic a g o .
1,000,000
89 7,637
147,573 N o n e
S to c k Y ards S a v in g s . .
250,000
U n io n B a n k o f C h ica g o
200,000
34,436 Began
U n ion S to c k Vds S ta le
200.000
43,39 a N o n e
A m e r T r u s t <fc S a v g s ..
3,000,000 2,374,525
C en tral T r u s t Co o f 111 2,000,000
949,154
54
C h ica g o S av B k & T r . .
n 500,000 n 86,307
C o lon ial T r u s t & S a v ..
600,000
534,995 5 + 5
D ro v e r s T r u s t & S a v ..
200,000
83,235
6
F irst T r u s t & S a v in g s fcl ,000,000 1,533,392
Illin o is T r u s t & S a v ..
5 ,0 0 0 000 7,403,522 12+*4
K e n w o o d T r & S a v in g s
200,000
3 3 ,766
L ake V ie w T r & S a v ..
200 ,000
^2,167 lir g a
M e rch a n ts ’ L ’ u & T r Co
3,000,000 3,982,435
12
M e tr o p o lita n T r & S av
750,000
319,12 1
N o rth e r n T r u s t Co B k
1,500,000 1,723,236
P e o p le s T r u s t >fc S a v . .
200,000
50,609
500 ,000
R o y a l T r u s t C o .............
514,336 " 6
s t o c k m a n ’ s TrJfc S a v m
200,000
8,673 I n c o r
U n ion T rust C o .............
1,000,000
62 1,465
W estern T r u s t & S a v .
1,000,000
283,751 " 6
W Side T r * Sav B k ..
200,000
18,553 B egan
22 .7 *
W o o d la w u Tr<feSav Bk
2 00 .00 1
8
8
8
In
19u6
P er
iod
O-J
J -J
J -J
Q -J
Q *J
6
Q -J
12
Q -J
6
y -J
y -J
3
Q -J
bu sin ess
12
Q-J
10+10
ate Ba ? k J
6
Q-J
.
F -A
10
Q-J
8
6
10
12
8
8
3
“e
12+3
6
6
L a st F a id
%
D ec
uec
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
oet
Jan
Jan
Jan ’0 7 , 1%
Feb ’ 0 7 , 2 %
Jan ’ 07, a
Q-F N o v
Jan
J an
J an
Jan
Jan
Q -J
y -J
y -J
Q -J
J an
lia
8s i“8-i JJan
u ly
Jan
D ec
8 8
< 5.
M ay 1, iy
Q -J Jan
6
V-J Jau
8 8
Q-J Jan
7
8
t)
8
vi-J
Q-J
b u s in
Q-J
5
y -J
*io‘
6
12 + 4
nized
12
6
’ 06. 2
’06, i
’ 07, 6
’07, 3
’07, 2
’0 7 , 1%
’0 7 , i
’0 7 , 1 %
’0 7 , 3
’ 07, 1*»
16. 1905
’ 07, 3
’07,
Q-J Jan
Q-J j a n
’06,
’ 07,
’07,
’07.
’07,
’0 7 ,
1
4»*
1%
3
1%
1%
’07, U
’0 7 , 2
3, 1906
’ 07, 1%
’ 06, 1 4
’ 07. I V
’07, 2
’07, 1H
"’0 7 ," "i 4
’07, 1 4
T
Jan ’07.* T "
j a n ’ 07, !•»
Nov 1 8 ,1 9 0 5 .
Q-J Jan ’0 7 , •
Q -J L)eo ’0 6 . 1%
y -J Jan ’ 0 7 , 2
8
. . . . . -r
8 Q-F N ov ’ 06. 2
p orate d M arch, 1905
....
6 + 1 Q -J Jan
>ep
busin
Q -J Jan
6
(‘88
’ 07, I H
5, ISO#
’ 07, 1 4
| D iv id en d s a re paid Q -J, w ith e x tr a p a y m e n ts Q -F.
In c lu d e s s p e c i a l d iv id e n d ot 30% paid D o c. 18, 1906.
t N o v . 12, Ob fo r N a tio n a l B a n k s
a n d N o v . 13, ’ 06 fo i S tate in s titu tio n s
* Bid a ud ask ed p r ice s ; n o sales w e re m ade on th is day.
t N o p r ice F rid a y ; la te st p rice thi* w eek.
■» u a e »)*c.
a i . b D ue Ju n e, e C apital in cre a se d Jan . 1 1 9 0 7 fro m $ 1 5 0 ,0 0 0 , a casli d iv id e n d o f 30 p e r c e n t b e in g d e cla re d and t o be tak en as part p a y m e n t fo r n e w s t o o L
i lD u e J u l y .
k O u e m illion d olla rs tra n s fe rre d In D e c , 190 6 fro m su rp lu s a c c o u n t to ca p ita l, m a k in g la tte r $ 2 ,' *00,000.
in F o rm e rly L iv e S t‘>ck T r u s t A
S a v in g s B a n k , b u t n am e ch a n g e d in Sei>t. 1906.—S ee V . 83, p. 729 n C apital and s u rp lu s to b e in cre a se d . 0 C apital to be in c re a s e d to $3,000,000 .
THE CHRONICLE.
J a n . 26 1 9 0 7 .j
Yoiume of Business at Stock Exchanges
T R A N S A C T IO N S A T T H E N KW Y O R K STOCK H X C H A N S E
D A IL Y , W E E K L Y A X O Y E A R L Y
We* <r en d in g
J a n 25
1 »G ?
^Saturday............
M o n d a y .............
T u e s d a y ..............
W e d n e s d a y ........
T h u r sd a y ............
I 'r l d a y ................
T o t a l ..................
Stocks
P a r va lu e
Sh ares
R a ilr o a d See
B on d s
$92 ,0 0 5 ,7 0 ‘>
9 7 ,4 /4 .0 0 0
67,466,875
53,907.200
43,473,350
65,895,900
1,062,932
1 ,214.235
7 82 ,050
622,197
510 ,266
649,809
4,841,529 $4 1 0,22 3,0 35
$ 10,000
* 9 ,2 9 1 ,0 0 0 $1,513,500
$ 10,000
J a n u a r y 1 to J a n 25
1906
1907
V S
B on d s
$69 ,000
203.000
154.500
134 .000
4 99,500
453.500
$ 1 ,511,000
1.649.000
1.419.000
1.627.000
1.647.500
1.437.500
W eek en d in g J a n 25
s a l e s at
X toc Y o r k Stock
Etc* hang*
State
B onds
1906
1907
32,625,876
17,529,960
4,841,529
9,372,767
S t o c k s —N 0. sharer
P ar v a iu e ........ *410,223,0X 5 $ 5 4 2,24 7,1 50 $1,504,954 ,285 $ 2 ,9 67,766 ,150
$87,oOu
13,200
3,700
$6,000
S a n k shares, par.
BONDS
$35 9,60 0
f4 9 ,5 0 0
*6 7 ,0 0 0
$ 10 ,000
G o v e rn m e n t bono
11,70^ ,900
4,963,500
3 ,019.100
1,613,500
S ta te b on d s...........
7 6 ,812,400
37,684,700
23.840,000
9,291,000
314. an d m is. bone
T otal b o n d s ..
$ 1 0 ,814 ,50 0
$26 ,926 ,10 0
$ 4 2 ,697 ,70 0
$ 8 8 ,881 ,90 0
f> A TT.Y T R A N S A C T I O N S A T T H E B O S T O N A N D P H I L A D E L P H 1A
EXCHANGES
W eek en d in g
J a n 25
11)01
P h ila d e lp h ia
U nlisted
sh a res
L isted
shares
U nlisted
sh ares
B on d
sales
15,814
26,798
16,339
9,254
19,129
21,755
$6,000
18,01.0
23,000
22,800
15,500
22,100
23,012
47,349
27,801
23,516
31,285
22,605
9,441
11,060
6,975
7,915
3,688
7,550
$15 ,000
68,000
64,000
02.500
60,200
46.500
109,089
$10 7,40 0
130 ,568
46,629
$31 6 ,2 0 0
S atu rda y ........
M o n d a y ..........
T u e s d a y ..........
W ednesday. .
T h u r sd a y ........
F riday ... ........
T o ta l........... 422 ,1 8 0
B on d
sa les
Outside Securities
W e ek ly R eview o ' O utside M a rk et w il l be fo u n d on a p r e c e d in g p a ge.
S tr e e t R a ilw a y s
B id
NEW YORK CITY
28
B le e ck S t& F u l F stk 100
90
1st m ort 4s 1950 ..J -J
’ y & 7th A v e s tk . .1 0 0 2 2 «
~ H2d m ort 5s 1914 ...J -J loO
C oil 5s 1943 S et S tock E x cli
8 ’ w ay S u rf 1st 5s gu 1924 $103
fiOent’ l C rosst’ n s t k . .1 0 0 280
111
1|lstM 6s 1922 ...M -N
A C e n P k N cfc E R s tk .1 0 0 190
tfoh r’ t’ r cfc 10th S t stk 100 165
Colcfc 9th A v e 5s See S tock E x ch
D ry D E B <fc 3 —
1st g old 6s 1 9 3 2 ...J - L 108
100
fls c r ip Os 1 9 1 4 ___ F -A
370
E igh th A v e n u e s t k ..lO i
99
IjS crip 6s 1 9 1 4 ___ F-A
H42d<fc G r St F ’ y s t k .. 100 375
60
42d S t M cfc St N A v .,1 0 0
I jls t m ort 6s 1910 .M -i- 102
67
1l2ii in com e 6s 1915 J-J
In te r boro-M etrop olita n —
Com m on. See S to c k E x ch a’ ge
P referred , See S tock E x ch a ’ ge
4H»%Donds. Ste S took E x ch
L ex A v ds P a v F 5s See Si k. E x c
U ile t r o p o i S e cu ritie s lO o
M e tro p o l s t r e e t R y . 100 106
N in th A v e n u e s t o c k .100 170
S econ d A v e n u e stocklO O 190
1st m ort 6s 1909 M-N $100
C o n s o le s 1 9 4 6 .. .. F-A S llO
U Sixtli A v e n u e s to c k 100 170
Sou B o u le v 5s 1 9 4 5 ..J-J $100
So F er 1st 5s 1 9 1 9 ...A -O $105
T h ir d A v e n u e See Stock E x ch
T a rry W P cfc M 6s 192b $102
X k e r s S t R R 5s 1 9 4 6 A -0 $100
2St.li & 29th Sts 1st 5s ’ 90 $104.
H T w e n ty -T li’ d S t stlc 100 37 5
U nion R y 1st 5s 1942 F -a $105
W es tch es t 1 st 5s ’ 43 J -J $100
BROOKLYN
A tla n A v e 6s 1 9 0 9 ..A -O 100
C on 6s g 1 9 3 1 ..........A-O $106
B B & W E 6s 1 9 3 3 ..A -O
B r o o k ly n C ity s t o c k ... 10 218*’
C on 5s See S to c k E x ch list
B k in C rosstn o s 1 9 0 8 .J-J 100
B k n H g t s 1st 6s 1941 A-O 103
B k ln (4 C o cfc S u b See Stk Ex cli
B k lyn R ap T r a n See Stk ExCh
H Coney Is. cfc B k iyu ..1 0 0 200
90
1st c o n s g 4s 1 9 4 8 ..J-J
B r k C & N 6 s 1 93 9. J-J 106
G r’ pt cfcLorim er St 1st 6s 103
K in g s Co. E leva ted —
1st 4s 1949 See S tock E x cl.
N assau E le c p r e f........100
65
5s 1 94 4.......................A-O 105
1st 4s 19 6 1 ............See St k E x t
N W b ’ p <fc F la t 1st ex 4 Has 100
B tein w ay 1st 6s 1 92 2.J-J $113
J
OTHKK CITIES
Buftaio S treet R y —
1st c o n so l 5s 1 9 3 1 ..F -A
D eb 6a 1 9 1 7 ............. A .O
C h ica go C ity R y
See C
C olu m bu s (O) St R y .. l 0 0
P r e f e r r e d ...................100
C olum R y con o s See Pli
C rosst’ wn 1st 5s ’ 33. J-D
G ra n d R a p id s R y .. .. l O 0
P r e f e r r e d ...................100
L a k e St (C h ic) El
See <
liljo u ia v S t5 s l9 3 0 ..J < fc J
Lynncfc B os 1st 5s ’ 24. J-l>
5JNew O rl R v s & L gt. 100
1j P r e f e r r e d ............... 100
UGen M g 4 Has ’ 35 See
.North C h ic S tre e t See C
S t r e e t R a il w a y *
ja d
P u b S e rv Corp o f N J 1 0 0
95
T r c tfs 2% to 6% p e rp e t
68
32
C oll tr u s t 5s g o ld n otes
92
1909 o p tio n a l___ M -N $ 93 H
236
N o rth J e r s e y S t R y 100
40
104
1st 4s 1 9 4 8 ......... M -N $ 75
list
C on s T r a c o f N J . .. 1 0 0
75
106
1st 5s 1 9 3 3 ........... J -I) $105 Hi
310
N e w ’ k P a s R y 5 s ’ 30J-J $110
115
R a p id T ra n S t R y .,1 0 0 245
95
1st 5s 1 9 2 1 ............A-O $107
170
J C H obcfc P atersonlO O
35
list
4s g 1 9 4 9 ............. M -N } 70
So J G as E l <fc T r a c 100 115
110
G u g 5s 195 3........M -S $ 98
102
N o H ull Co R y 68’ 14.1-J $108
385
o s 1 9 2 8 .....................J-J $ lo 5
101
E x t 5s 1 9 2 4 ........M -N 4101
400
P a t C ity c o n 6s ’ 3 1 . J -D $119
70
105
2d 68___ 1914 o p t A -O $100
So Side E l (C h ic)
See C liicago
72
S y ra cu se R ap T r 5s 194 6 $105
lis t T r e n t P cfc H 5s 1943J-D $101
U n ited R y s o f S t L —
list
C om v o t i r c t f s ........100
42
list
1j P r e fe r r e d ................. 100
76
list
G en 4s 1 9 3 4 ___ See S tk E x c h
112
U n itR y s S a n F r a n A'eeStk E x ch
W ash R y & E l C o ___ 100
39
180
P r e f e r r e d ...................100
b5
195
102
4s 1 9 5 1 .......................J -D
85
is W e s t C h ica g o S t ___ 100
25
112
UCon g 5s 19 3 6 ___ M-K
173 Hi
Ask
101
95 H.
60
76
76*2
106 *2
111
71
118
100
i*0*9
103
list
106
104
43
77
list
list
40
85 ’i
85
29
76
t i a s S e c u r it ie s
NEW YORK
104
C en t U n G as 5s g ’27.J<fcJ 101
C on G as (N Y ) stK. See St k E x c h list
C o n v d eb 6s c tfs SeeStk E x ch list
* M u tu al G as ............... 100 165 200
N e w A m sterd am o a s —
100
1 s t co n s o l 5s 1 9 4 8 ..J-J i 97
N Y cfc E a st R iv e r G as—
103
1st 5s 1 9 4 4 .................J-J $103
C o n so l 5s 1 9 4 5 ......... J-J $ 98
38
N Y & R ic h m o n d G as.10 0
223
N o r U n 1st 5s 1 9 2 7 .M -N $100 102
fcO lOo
^ Standard G as com ..1 0 0
102
120
100
II P r e fe r re d ............... l o o
108
lo 7
1st 5s 1 9 3 0 ............. M -K 104
lis t
OTHER CITIES
lis t
112
A to e r E ig h t cfc T r a c t . 100 *1 0 8
»c
P r e f e r r e d ...................100 X 95
*9*3* B ay S tate G a s ............... 50
B in g h a m to n G as 5s 1938 $ 96 '
B r o o k ly n U n io n G as deb
130
6s 1909 c o n v ’ 0 7 . ..M -S 120
7
B u llalo C ity G as s t o c k l 00
6
lis t
J.st 5s 1947 See S to c k E x ch list
76
C on sol G as o f N J —
92
1st 5s 1 9 3 6 _________ J-J $ 88
ii list
C on su m ers’ E id cfc P o t 104
58 1938__ _____. . . . . . J - D $102
116
E lizabeth G a s L t C o ..1 0 0 275
E ssex cfc H u d son G as 100 124
127
45
$109
F o rt W a y n e 6s 1 9 2 5 ..J-J
50
$106
57
60
Gas cfc Ei B e rg en C o ..1 0 0
h ica g o list
u ra n d R apid s Gas—
101*4 103
Ijls t 5s 1 9 1 5 ............F-A $102 103
,1 0 7 *v 109
114
H u d son Co G as............100 113
ila lisi
1ndiana N at cfc 111 G a s $106
20
25
108
1st bs 190 8............. M -K
70
67
72
74
I n d ia n a p o lis G a s ..........50
84
.88
1st e 5s 1952........... A - 0 $ 98 HO
hicago list
100
JacK son O as 5s g ’ 3 7 .A .O $ 95
$110'.. 111
60
K a n sas C ity G a s ..........100
$ 107 H< 110
TiEj»ciede O a s ............... I0U
ibo
32 Hi 32®), ^ P r e f e r r e d ............... l o o * 8 6 ’ 95
78
50
44
8 ^ L a ta y’ e G a s ls t 6 s ’ 24.M-.N
S tk E x l is t i L o g c fc W a b V ls t 6 s ’ 25.J-D
30
35
h ica g o lis t j M adison U as 6s 1 9 2 0 .A-O $1 0 6 '*j UO
106
list
104
;0 2
107
iOO
107
105
I B u y e r p a y s acor*d int. f P r ic e per so . tS a i# p rice .
A sk
100
69
211
I IniliiM lrtii' a n d rlsscci
Rid
<«as S e c u r i t ie s
A Sit
Hid
ASk
Vpw urlr
Ah
DJI
104
C u b a n 6s o f 1 8 9 6 ............. 100
122
90
N e w a r k C on sol G a s ..1 0 0
91H! IlD iaiiionit M a tch C o . 100 121
7
6
D o m in io n C o p p e r (n e w )lo
liC on g 5s 1 9 4 3 ........J-D 105
10
10 V4
D ou gla s C o p p e r ............. 5
N o H u d so n E H cfc t’ o w —
32
33
E le c t r ic B o a t............... 100
5s 1 9 3 8 ...................... A-O ? 105
68
75
4
HOifc I n d C Nat«fc 111 .1 0 0
10
14
E le c tr ic V e h ic le ..........100
1s t 6s 1 9 2 6 ............... J-D **2*9" 35
16
20
<3
68
Fat <fe P as G as cfc E lec 100
5
8
103
11 C on g 5s 1 9 4 9 ___ M-S n o o
50
46
84
S t J o s e p h G as 5s 1937. J-J
83 Hi
38
42
F ed era l S u g a r, c o m .. 100
T e l e j f r cfc T e l e p h o n e
70
75
P r e le r r e d . ...............100
74
77
VA m e r T e ie g & C a ble 10"JOeneral C h em ical ..1 0 0
83
S8
102
liC e m ra l <fc So A rn e r. l o o 139
11P r e fe r r e d .................100 101
140
5*,i
6*
G old H ill C o p p e r ......... 1
O oinm er U n T e l (N Y ).2 5 114
22 Hi 23
G re e n e Cananaa (w i ).2 o
Em p cfc B ay S tate T e l 100
75
31
31*
F r a n k lin ........................ 100
45
" 5 5 " G re e n e C on C o p p e r ...1 0
2
G r e e n e C on sol G o ld ... 10
11G o ld cfc S t o c k ........... 100 110
l 7s
‘I
G re e n e G o ld -S ilv e r __ 10
H u d so n R iv e r T e ie p h 100
76
75
1 ‘t
J90
U u g s e n h e im E x p io ’ n .lO o 280
IN Y cfc N J T e ie p h ...1 0 0 a l l 4
115
H a c k e n s a c k W a te r Co —
j N o rth w e s te r n T e le g . 5o 116
120
R e f g 4s 52 op 1 2 . ..J -J } 9iHi 9 3 %
P a cific cfc A t ia n t ic ........25
75
33
93
H all S ig n a l C o ............lO o
97
1i S o u th e rn cfc A t la n t ic 25
98
102
13 H. 14
H avan a T o b a c c o C o .. 100
E l e c t r i c C o m p a n ie s
20
28
P r e fe r r e d ................... lOo
65
C h ic a g o E d is o n C o See C h icago list
70
1st g 5s J u n e 1 ’ 2 2 .J-D
Ii K in g s Co E l EcfcP Co 100 125
H e ck e r-J o n e s -J e w ’ l M ill
l28
109
V a rragan (P r o v ) El Co 50 t ......... »9
1st 6s 1 9 2 2 ............... M-i- 105
34
N V & Cl E l L & P o w C o lO O
H e r’ g-H all-.M ar, n e w . 101
37
63
70
__ _
P r e f e r r e d ................... 100
H o b o k e n L.andcfc l m p l o o 200
70
80
103
U u it e d E le c t r ic o f N J 1 0 0
115s 1 9 1 0...................M-N }1 0 0
75
9
10
} < 0b 71
45
53
P r e f e r r e d ...................100
F e r r y C o m p a n ie s
135
H u dson R e a lty ........... 100 120
00
68
B r o o k ly n F e r r y stocklO O
34
1 Hi V ln g e rs o ll-R a n d c o m . 100
93
94>a
ll P r e f e r r e d ................ ,10c
B & N Y l s t 6s 1911-J-J i 100
103
135
In t e r n a t ’ lB a n k m g C o lO o 120
67
N Y & E R F e r r y s tk .1 0 0
72
it Hi 10
I n t ’ n ’ l M e r c M a r in e . 100
78
1st 5s 1 9 2 2 ............. M -N
81
27
P r e f e r r e d ...................lO o
28
N Y cfc H o b co n 5 s ’46. J-D $105
107
7 o V 76 %
Ool tr d 4 ‘a’ 2 2 o p ’ 0 7 A -0
110
H o b F y 1st 5s 1946 M -N $108
tn te rn a t’l N ic k e l ___ IOC U o
122
108
N Ycfc N J 2d 5s 1 9 4 6 .J-J $105
84
.......
88
30
10th cfc 23d Sts F e r r y 100
18
21
In te r u a tio n a l S a it___ lo t.
1st m o rt 5s 1 9 1 9 ...J-D $ 80
85
65
65
1s t g 5. 1 9 5 1 ........... A -O
30
HU n io n F e r r y s to c k .1 0 0
33
4
7
In te rn a tio n a l S ilv e r. 10c
90
l i l s t 5s 1920 ............M -N
92
48
5 2 1*
R a il r o a d
105
108 %
65
70
C h ic P e o cfc St E p re f. 100
L a ck a w a n n a S t e e l.,.1 0 u
D e p o site d stocK..............
20 f 13 Hi 1 3%
l 1*
3 Hi L a n ston M o n o ty p e .
U n d e p o s ite d s t o c k ........
191
1^
3H? L a w y e rs M o rt in s u r .1 0 0 189
_
P r io r lie n g 4 Has’ SOM&S
ll L eh ifc W ilk e s b C o a l.50
97
135
C on m tg g 5s 1930.JcfcJ
68
L o rd cfc T a y lo r _______ 100 125
100
103%
I n c o m e 5s 1 9 3 0 ............... . . . . . ' ‘j)*"
P r e f e r r e d ...................l o o
150
C h ic S u b w a y .................100
39
40 Hi U L on lla rd ( P ) p re f . ..1 0 0 130
F t W cfc D e n C y - t d . . l 0 0 . . . . . .
M ade ty C om p a n ies See S tk E x lis t
15
G re a t N o rth e n o r e
s e e S tk E x list M adison S q O a r d e n ..lO i
25
75
N Y N H cfc H a r t f o r d 2d 6s 1 9 1 9 ............... M-N
C on d eb 3 *as 1 9 5 6 . J& J $110
4Hi " 6%
n o * - U M anhatt B e a ch C0 .IO 0
N o rth ’ n S e c u r itie s Stu bs 125
M anh B c h H o te l cfc L a n d .
150
P e n n , g u g 4*2% t o t e s
P r e f e r r e d _________ 100
N o v 1 190 7........... M & N i 99U 99 5s
HGen. g. 4 s - 1 9 4 0 ...M . N
P itts B e s s cfc L E ..........50 t 32
M an h a ttan T r a n s it ___ 20 t
6
■*5%
36
13
P r e f e r r e d .....................50 t 70
M ex .Nat C o n s tr u e .p f 100
17
75
U R ailroad S e c u r itie s C o .M itch e ll M in in g ............10 t 63s
5
Ill.C .s tk .tr .c f8 .s e r .A ’ 52
7
92 H M on ou g a h eia R C o a l..50 f
Seab oard A ir E in e —
P r e fe r r e d .....................50 f 24
‘.'43*
97
99
Coll tr 5s 1907 o p . .. M-S
M o rtg a g e B o n d C0 . . . I O 0
102
100
S eab oardU o ____ See B a it E x ch list
112
N a t B a iik of C u b a ___ 10t< 105
190
N a tio n a l S u r e t y ..........lOo 170
I n d u s t r ia l a n d l U u c e i
N e va d a Conn’ d C o p p e r .5 t l^Hi 18^4
A h m e e k M in in g ......... a5 . . . . . . *115 1lNew C en tral C o a l ___ 2t.
35
40
A llia n c e R e a lty ..........100 125
N J T e r D o ck cfc I m p . 100
38
135
A llis C h alm ers Co 1st m
N Y B is c u it 6s 1 9 1 1 .M -S 1*0*2 ”
8 I 5s ’ .*0o p t’ 16 w l.J - J $ 81
i9 0
N Y M tg ecfc S e c u r ity . IOC 185
82
40
A m e r ic a n B o o k ..........100 16a
1|New Y o r k D o c k ___ 100
45
134
7f>
11P r e l e r r e d ............... l o o
A m e r ic a n B r a s s ......... l o o
83
5
A m e r ic a n Can c o m ...1 0 0
4*
5 l4 N Y T r a n s p o r t a t io n ...2 c 1 3 Hi
52
P r e f e r r e d ...................100
N iles-B ern -P on d co m . 100 115
125
53
A m e rica n C h icle C o .. 100 185 190
N ip issin g iVi i n e s ........
5 t 13
13%
7
P r e f e r r e d ...................100 100
10r> liu n ta rio S l i v e r ..........lOo
7Hi
50
42
Arn o r a p h o p h o o o m ._ lo u
O tis E le v a to r c o m ___ lOo
55*5
83
P r e f e r r e d .................100
94
97
85
Arner H a r d w a r e ......... i Oo 115
P h o e n ix S e c u r it ie s ...........
117
*8
7t
A m 1ce S e c u r it ie s ___ See S tk I. x list P itts b u r g B r e w in g ___ 5o t 32 \ 32-4
A m M a ltin g 6s 1 9 1 4 .J - D 103
51 %
104 H< P r e f e r r e d .....................50 t 51
95
Arner P re ss A s s o c ’n . l o o
P itts b u r g Coal See Stock E x c h list
100
1
2
A m Soda F o u n c o m ..1 0 0
3
P o p e M a n u fa c tu r in g . 10c
3
35
1 st p r e fe rr e d ............. 100
1st p r e l e r r e d ............lO o
68
63
45
5
2d p re fe rr e d ............. 100
14
2d p r e f e r r e d .
lO o
16
10
A m e r S teel F o u n d r ie s —
P ratt & W h itn p r e f. .1 0 0
98
102
M 68 1 9 3 5 ............. AcfcO $ 95
97 Hi P u b lic S e r v C orp o f V a —
95
A m e r ic a n s u r e t y ..........5o 187 He 192 Hf
1 st m g 5s Ju*y li»36 opt
97 >«
A m e rica n T h rea d p r e f . . 5 t 4 Hi
R e a lty A s s o c ( B k i y n ) lo o 157
163
5
A in T o b a c (n e w ) c o in lo O 350
R oy al B a k P o w d p r e f.lO o .......... J1061*
370
P r e h l ............. See S to ck E x ch lis t S a fe ty Car Heatcfc L t l o i
27 5 290
E x ch
list S e n e ca M i n i n g ........... 25 t ..........
38
A m T y p e fo ’ rs c o m .. . 100
S in n er M lg C o ............. l o t
480 500
42
98
P r e f e r r e d ..................... 100
S ia n d a rd C o r d a g e ___lOo
9
11
100
3
A m e r W r itin g P a p e r .100
4
1st M .g .u s .’ 3 l r e d .. A .O
64
56H»
25
P r e r e r r e u .....................lot.
15
A d ju s t. M .5 s .A p r l, 1 9 3 1
28
17**
84
1st s i g 5s ’ 19 op ’ 0 9 . J - J
48
84 Hi S tand ard C ou p ler c o m l 00
71
TJBarney cfc Sm Car . ..1 0 0
P r e f e r r e d ...................100 120
13*6 *“ ;
11P r e fe r r e d .................100 138
7
9
i ’4 2*’ S tandard M illin g C o . l o o
19
U Betlil’m S teel C orp .1 0 0
P r e f e r r e d ...................100
25
i8
20 Hi
I J P r e fe r r e d ................. 100 * 5 9
77
65
78
1st e x t 5s—See S tk E x ch a n g e list Stan d ard o i l o f N J ..1 0 0 635
538
B liss C o m p a n y c o m ___ do 140
S w iit cfc Co See B o s to n St k E x c h’ g e
145
P r e f e r r e d .................... 01
130
1st 5s 1 9 1 0 -1 9 1 4 .. .J - J $102
105
134
B on d cfc M tg G u a r ___ 100 3 / 6
T e n n e s s e e C o p p e r ........25 t 48 H. 4 'J
175
B o r d e n ’ s C o n d M ilk ..lO (
74
185” ' y r e x a s cfc P a c ilic Coal lOu
P r e f e r r e d ..................... l o o
108
1st 6s 1 9 0 8 ............... A -O $105
i ’16
112
B ritish 1;o l C o p p e r .......... 5 t 10
180
1034 T itle I n s C o o f N Y ..1 0 0 170
B u tte C o a litio n M in .. 15
T on a p a li M in (N e v a d a ). 1 t 18
31
19
38
2
C a sein C o o f A m com .. 100
14
17
T re n to n P o tte r ie s c o m lo o
5
P r e f e r r e d ...................lOi
75
90
P re fe rre d n e w ___ 100
95
85
C a su alty C o o f A m e r . l o o 120
38
T r o w D ir e c to ry u e w ..l 0 0
130
48
C e llu lo id C o ...................l o t
13 5 139
U n ion C o p p e r ................... l o t
1
7b
13
C en t F ire w o rk s com .lOti
U nion T y p e w r c o m ..i0 0
89
92
16
P re fe rre d .................... 101
67
1st p r e ie r r e d ............. 100 120
123
72
3
119
C e n tra l F o u n d r y ........lot.
121
3 Hi
P r e l e r r e d .....................10c
U n ited B k N o te C o r p ..5 ( t 62
14
17
P r e ie r re d ................. 5t t 52
D e b 6s 191 9 o p ’ 01 M-N
71
*5*5
73
C en tral L e a th e r ...........Set S tk E x list 1 fU n ite d o ig a rM fg .,p f.lo O
95
93
C e n tu ry R e a lt y ......... 10<
7 3 :>4
73
200
C n e se b ro u g h M fg Co l o c 420 440
P r e f e r r e d ...................lo o
90
95
C h ic P n e u m T o o l. See Cl ica go ll8t
U S. C a s u a lly ............. l o c
225
......
C ity I n v e s t in g C o ___ lOi
ltio
40
U S E n v e lo p e c o m . . . l o o
103
....M
IlC ladin (H B ) c o m ___ 10(.
104
Ii P rel e r r e d ................. l o o
100
110
i ’o a
I jls t p r e ie r r e d ......... 10c
93
U S R u b 2d p f s e e Stock E xcli list
112(1 p r e le rr e d ............10c
93
U S S te e l C o r p o r a tio n —
C olo In d u stria l, s e e Stot k Ex list
C ol tr s i 5s ’ 61 o p t ’ 11 .. $ 1 1 1H 112
Col cfc H o c k Coaicfc I p f lo t
74
C o l t r s f 5s ’ 51 n o t o p t .. $112 H,
76
1st g o s 1 9 1 7 ..........J-. $ 82
U S T il Gucfc Indem .lO C .......... i ’1 6
85
C ol t r 6s O ct 1 9 5 6 ..J-*
97
1011- U ta h C op p er C o ........... lo t 40
41
C o n s o ild C a r H e a tin g lOt
55
W e s tch e s te r cfc B r o n x
60
C on s R y E tgcfcR efrig.101
3
T it le cfc M o rt G u a r . IOO 175
4
182
C o n so l R u b b e r T i r e . .101
4
4H W e s t - i n I c e .................100
69
71
P r e l e r r e d ...................lOt
14
W estin g h A ir Brake.,5< 1 165 H
18
D e b e n tu re 4s 1951 AcfcC
34
TJWest E le c cfc M fg —
37
C on s S tora g e BatteryiO t
8
Con sf 5s See S to ck E x ( h. list
11
C orn P ro d R e f Sec Stock E x ch list
W h ite K n o b M in ..........u
H
C ram p s’ Sh>fcEn BldglOC
15
P re fe rre d ...................... i t
20
3
3 S4
liC ru cib le S te e l............lo c
1 1 1, ll-\ W o r th in g P u m p pref.lO C 115
120
P r e l e i r e i .....................IOC
78>< 79
_
..
.
a E x -r i^ h ta .iE x -d iv . i N e w sto ck . KSells ou S t’.k E x c h ., Out uat a v<jry ,u5!ii7e s e o a rity .
BOSTON STOCK E X 0H A .W S—Stock R-eoord, Daily, Weekly and Yearly
S h a r e P r i c e s — S o t P e r C e n tu m P r i c e s
Satur dav
Ja n 19
M on d a y
J a n •il
Titesday
Ja n 22
W ed n esd ay
J a n 23
FYid a v
Ja n 25
T h u r sd a y
J a n ‘2 4
STOCKS
BO STON STOCK
EXCHANGE
S a lei
o f tht
W eek
Sharet
R a n g e to r Year
190 7
Low est
H igh est
R ange tor J'revioui
Y ear ( 7.906' >
L ow est
\ H ig h est
R a ilr o a d s
265 102 T« J an IS 107 '2 Jan 7 86*4 J ’ly 110*9 Sep
*1 0 4 3a 104 ®8 1 0 4 34 10434 *105 105*4 1 0 5 3!, 1 0 5 3e 104*2 104 H A t c h T o p tfc San ta FelOO
1 0 2 78 104
Do p r e f ............... .1 0 0
78 99*8 J an 2 1013s Jan 8 297 7 Dec 105*8 J a a
*100*4 101*4
* 100*9 101
l o o m o o * * 100*8 1 0 0 ** 100 100
100 100
.1
0
0
B
o
s
to
n
&
A
l
b
a
n
y
...
6 > 225 .>an 15 239 Hi Jan 2 239 Dec 257*4 F eb
235
235
230 230
*230
*280
230*9 230*9 230*9 235
Aug 160 Jan
157 150 Jan 1" 152 Jau 7 147
B oston E le v a te d ___ .1 0 0
*151
152
*151
101*4 151*4 151 ‘a 152
* 150 i 5 3 " *151
B oston <fe L o w e ll___ .1 0 0
2 ) 0 Jail 7 •231 Jan 2 230 D ec 246*2 A p r
*230
*230
......... 230
230
*230
*230
*230
B o sto n & M a in e ___ .100 " * 4 i 159 Jan 22 162 Jan 7 100 D ec 180*2 A p r
1(51
160 161
159 160”
i61
161
1*6*2"
*
i e o ‘ * ♦160
165 Jan 3 165 J a n 3 1164 O ct 175 *2 M ay
Do p r e f ............... .100
L a s t S a l e 165
J an ’ 07
B oston <fc P roviden celO O
27 298 Jan 10 300 Jan 9 29 ) Hi D ec 314 A p r
*300
......... 300
3il0
3 0 0 ” * " " " 30(3" 299 >12300
306* •
921 25 J a n 15 28 34 Jan 2 25 Jan 39 *2 A p r
26*4
2 5 34 •28
26
26*4
26 H B osfonifcW or E le c C o ___
25*9 25 \
25*4 25 *9
* 2 5 ” 25*4
*.
3£ 76 J a n 2 4 80 J a n 23 72 *2 Jan 90 A p r
D o p r e f ...............
80
76
78
77
76
78
7S Hi
*
*
159 J a n 2 160 J a n 17 156 O ct 182 J a a
L a s t S a l e 1 6 0 " ' Jan ’ o7 (J!hic J n n c R y & U S Y 1 00
120
120
120
*.
l!_8*o 118 V,
D o p r e f ............... 100 *"*80 11S J a n l 6 120 J a n 2 117*2 J ’ ly 127 J an
119
lis
18734 N ov 190 M ar
L a s t r>cl 1f 1 8 7 \ ' ov\)b (’Jon & Mont, O lass X 100
......
..........
..........
..........
15.3 Oct 163 A p r
L a s t S a l e 153
Nov ’ 0 " Conn & Pass R iv u ref 100
J8 ) J a n 8 280 Jan 8 2S5 O ct 298 A p r
L a s t s a l e 280
Jan ’ 07 C o n n e c tic u t R i v e r .. 100
*
8'itchD urg p r e f.......... 100 " " 4'i 132 J a n 18 135 J a n 9 132 O ct 145 Jan
13*3
132 132
133
1*3*3 H 1*3*2*’ 1*3*2*' 13 3 " i*33*'
L a s t S a le n o
110 Jan 3 110 J au 3 y5 j a n 107 A p r
J a n 0 i Q-a R y & E l e c t r ic ... 100
*105
*105"
*105
*105 *
*9 D ec 95 Jan
Do p r e f ............... 100
"il"
L a s t S a i e 90
*91**
D e c ’ 06
" 9' i "
" 9* i "
9 198 J a n 8 198 Jan 11 197 M ar 200 D eo
M aine C e n tr a l........... 100
198
1 9s
1 9 8 “ 198
25:: 17 J a n 4 2 o Hi J a n 9 17 Jan 23 J ’ na
19*9
*19
19*2 " l 9 'r<8 " 19 H ♦Vt’ i9 " 2*6 "
19 Hi Mass E le c t r ic C o s ... 100
’2 0 ’ ' * 1 9 " " l 9 "
” 20
193 67 J a n 4 71 *4 Jan 9 59 *2 Jan 75 J’ na
D o p r e f ............... 100
70
69
69
70
68
6*
6 9 14 6 9 ‘4
69
* 68*2 70
*68
100
2 5 3t Jan 3 2 5 34 Jan 2 21*6 A u g 28*4 D eo
Jan ’ 07 M e x ica n C en tral
-•24
26** *24*4 25 Hi *24 v» 25 *4 *2 4*4 *5 H L a s t S a l e 25 *4
N Y N H & H a r t ... 100
438 183 Jan 22 190*2 J a n 2 190 J ’ ly 207*4 J a n
184 1 8 134 134 185
183 185
184*9 185
185 185
1641.) 185
3 159*9 Jan 22 160 Jan 8 155 Sep 103 F eb
159S j 159 H
N o rth e rn N H .......... 100
228 J ’ ly 233 *9 Mar
1. a s t ••>'a l e 228
A u g ’Oo X o r w ic li & W o r nreflO O
*
56 198 J a n 9 2 0 o '4 Jan 7 193 D e c •210 Jan
Old C o lo n y ................. 100
198 198
198 198
•......... 198
2o0
198 199
193 199
*53 . . . . . .
52 Jan 16 52 Jan 16 53 Sep 53 *2 O ct
L a s t S a l e 52
Jan ’ 07 P e te M a r q n e tte ........ 100
5 56 Jan 23 57 Jan 18 50 Jan 65 O ct
D o p r e f............... 100
'5 7
56
*57
.........
56
liu tla n d p r e f............. 100
20 45 J a n 24 45 J a n '24 47 *2 N ov 64 Jan
45
45
81
100
•93
S
eattle
E
le
c
t
r
ic
........
94 Jan 19 94 Jan 21 65 Jan 99 O ct
94
*93
95
94
95
*93
*93
9
j
95
94
94
50 l o o Jan 4 103 Jan 7 95 Jan 106 F eb
*lut>
D o p r e f ............... 100
100 100
*......... 100
100 100 . 100 100
100 100
1 7 4 78 U n ion P a c ific ........... 100 1,095 173*8 Jan 19 182 H2J a n 7 139 *2 May 195 Sep
173 **175
1733s 17334 176 176 Hi 175*8 176!% 17 6 ‘2 17 6 *9 174
Do p r e f............... 100
92*4 J an 14 93 J a n 15 91 May 9 9 34 Jan
Jan ’07
*92 Hi 93*s *9 1 7s 92 '<g *9214 93*4 *02*8 93*8 L a s t S a l e 93
170 Sep 178 A p r
L a s t S a l e 171
D e c ’ uv V e r m o n t <& M a s s ... 100
365
95
W
e
s
t
E
n
d
S
t
.............
50
92
\
92
>
8
92
*9
93
94
90*2
J an 18 95 J a n 25 92 D ec 101 Jan
95
92
92*8
92*9
9
2
H
i
*91
23 107 J a n 8 109 J a n 7 107 Sep I I 6 H1 A p r
108
D o p r e f ............... 50
107 lo7Hi * l o 7
108
*107 108
107
07
108
*107 108
25*4 May 2 7 ^ O ct
/. a s t S a l e 2 7 ->8
O ct ’06 W isco n s in C e n tr a l.. 100
D o p r e f ............... 100
L a s t S a l e fit)
O ct ’ 05
L a s t S a l e 147
147 Jan 16 147 J a n 15 150 F e b 150*9 F eb
Jan ’ 07 W oicN a8H < fe R o c h . 100
M is c e l la n e o u s
21 J ’ly 34 Jan
800 23*2 J a n 22 26 J an
A m e r A jrricu l Chem .iO O
25
25
23 *9 2 4 3i
23*9 23 *4 . . . . . .
23Hj 23 H
91
136 91 J a n 19 92 *9 J an 12 90 D ec 102 Jan
91
91
91
Do p r e f ............... 100
91
91
91
*91*"
9 1 :'j
91
1 0 S D ec 29 M ar
12
12
2,168
12
12
*9
A
m
e
r
P
n
e
u
S
e
r
v
50
1
1
J
a
n
5
12
H
i
12
7»
12*9
12*9
123«
1
4
3
,
J
a
n
8
12
11*4
12*4
888 28 *9 Jan 5 33 J a n 8 26 A u g 46 A p r
3 0 7« 31
D o p r e f................. 50
*31
31
31
30*2
31 s,
30*9 31 H
30
30
3 o H.
..
A m e r S u g a r R e fin ___ 100 2,311 13034 J a n 19 136*2 Jan 7 128 M H\ 1 5 6 7a J a n
132 132*9 132 132
132*4 133
130»4 131 \ 1308<t 132
193 130 J a n 3 13134 Jan lb 130 D ec 141 J an
131
D o p r e f ............... 100
131
130*9 131
131 131
130*4 13034 130** i 3 f
*128 130
127 3* 128 A m e r T e le p <6 T e le g 100 3,033 127 J a n 17 134 Hi J an 2 128 J ’ly 144 7SJ an
128 129 H 127 **128
127*4 128
1 2 7 34 128
128 129
340 3-2 J a n 19 36 *2 J a n 7 28 N ov 4 7 J< J an
33
A m r W o o le n ____ . . . 100
33
*33
33
33 Hi
33
33
33 l4 33
33
32
33
943 lOO1^ J a n 19 102 *9 J a n 8 100 *4 D ec 11034 F eb
D o p r e f ................. 100
100 *9 100 7b 100* s 1 0 0 34 100 *9 101
lo o H ilo l
100H) 101
100 la 101
3 34 Jan
4*2 J ’ n«
10
4 J a n 15
L a st S a lt 4
4 Jan 15
J a n ’ 07 B o sto n L a n d .............
111 111
i i o 34 a o \ *110
*110
......... 110
110*4 C u m b e rl T e le p & T e l 100 ” *90 $11 0 J a n 16 115 J a n 10 115 J ’ ly 11834 M ai
*110
2
134 N ov 34 A p r
i
4’s4
2 4 34 Jan 9 2 4 34 J a n 9
*22
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*J3idaada8!ced pr .cos;
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sales in ide o a this day.
,j N ew stock. t A ss’ t paid. t Ex-rights.
a Ex-div. <fe rights
Boston Bond Becord.
J a n . 20 1907.]
A m B ell T e le p h o n e 4 s ___ 1908
A m T e ie p & T e l c o ll t r 48.1929
A m W r it P a per 1st s t o s a 1919
A tc h cfe N e b ra sk a 1st 7 a ..1 9 0 8
A t c h T op <fc 8 Fe s e n g 4 s .. 1995
A d ju s tm e n t g 4 s ___ J ’ ly 1995
B oston E le c t L ig h t 1 st 6s . 1908
C on sol 5 s ............................ 1924
B oston & L o w e ll 48............1907
4 s ........................................... 1916
B oston <fe M ain e 4 4 s ..........1944
B oston T erm in a l 1st 3 *28.1947
Bur & M o R iv ex. 6s ........... 1918
N o n -e x e m p t l i s . . ............. 1918
S in k in g fu n d 4 s ............... 1910
B u tte <fc B oston 1st 6s ___ 1917
C edar R a p <fc M o R 1st 7 s . 1916
2d 7 s ..................................... 1909
C en t V e rm t 1st g 4 s ..M a y l9 2 0
0 B & Q Iow a D iv 1st 5 8 .1919
Iow a D iv 1st 4 s ............... 1919
D eben tu re 5 s ..................1 9 1 3
D en ver E x te n 4 s ............. 1922
N ebraska E x te n 4 s ........1927
B & S W s t 4 s ...................1921
Illin o is JDiv 3 4 s ............... 1949
J o in t bond s /See G t N o rth e r n
C h ic J c K y & S tk Y d s 5s .1 9 1 5
C oll tru s t r e iu n d in g g 4 s l9 4 0
Ch MU & S t P D u b D 6s . . 1920
Oh M & St P W is V d iv 6 s l9 2 0
Ch ic <6 N o M ic h 1st g u 58.1931
C h ic A W M ioh g e n 5 s ___ 1921
C on cord & M o n t e on s 4 s .. 1920
O onn & P a ss R 1st g 4 s . . .1 9 4 3
C u rren t R iv e r 1st 5 s ..........1927
D et G r R a p <fc W 1st 4 s . . . 1946
D om in ion Coal 1st s f 5 s .. 1940
F it c h b u r g 5 s .........................190b
4 s ...........................................1915
4s . . . . . . . . . . . .
1927
F ren it E lk & M o V 1 s t 6a " 1983
U n stam p ed 1st 6s ______ 1933
9 t N o r C B & Q coU tr 4 s 1921
R e g is t e r e d 4 s ............... . ..1 9 2 1
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98
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104 M a r’ 06
M -S
10088101 I0 0 3a 'O O ^
A -O
N or
92 J a n ’ 07
92 ........
M-S
110 F e b ’ 04
M-S
J -l)
104 A p r ’ 00
J -J
101 S e p ’ 06
J-J
114 M a r’ u6
F -A
1 1 2 4 J a n ’ 03
J -J
108 D e c ’ 06
107 .
J -J
102 Sep ’ 05
J -J '99 V
993s O ct ’ 06
A -O
100 J ’ n e ’ 01
M-N 123*4 '
1 2 3 14 N o v ’ 06
J-D
111*8 J ’ l y ’ 05
Q -F
86*2
864
A -O
109 M ay’ 05
A -O
101 A u g ’ 06
M-N
102 4 J ’l y ’06
F -A
99
99*4 9 9 7g D e c ’ 06
M-N 101
1 0 2 7s J ’ n e’ 06
98*4 D e c ’OB
M -S
J -J
91 >9 S a lt" 913s
914
Low H ig h
97 4 100
8 9 34 95
TIS5 4 88*4
104 101*4
9 9 34 1103*8
92*8 97
J -J
J -J
J -J
J -J
A-O
J -J
J -J
M-N
J -D
J-D
A-O
A -O
A-O
M-N
M-N
M -S
M-S
A -O
A -O
J -J
Q -J
101
..........104
.......... 95
liO .\ J>«BO STON STOCK E X C H ’ GE
W kkk E nding j a n 25
R ange
Y ear
19 0 6
Week? s
R an ge or
L a st Bale
P rice
J-riday
J a n 25
B O S T O N ST O C K E X C H ’ G E
W e ek E n din g J a n 25
101
114
1 0 1 *8
114
107*4 111*4
" 9 9 " "997e
123 *g 123*4
86" "90"
io o " i o i "
102 4 104
99 1 0 0 4
102*8 103 4
97 4 99=8
9 0 4 94 4
101
103 4 1 0 7
97
99 34
122 124*4
98 N o v ’ 06
122 A p r ’ 06
126 F e b ’05
i o o ’ i o f 103 A u g ’ OG
10 1 4
1 0 1 4 Sale 1 0 1 4
101*4 J ’ n e’ 06
112 >4 J an ’ 03
i o o " i o f 104 N o v ’ 06
......... 90
90
90
100 J a n ’ 07
1 0 3 4 Sep ’ 05
1 0 3 1* A p r ’ 06
1 0 0 4 O ct ’ 06
13434 N o v ’ 06
140 A p r ’ 05
"95*4 S a le ’ 95*e
95 7a
9 4 4 . . . . . . 9 6 J a n ’ 07
103 103
101 105
101*4 101*4
100
90
98
213
106
97
101
99*4 1 0 2 4
13434 137*8
96*81 0 1 s4
96*4 1 0 1 4
P rice
hridan
J a n 25
Illin o is S teel d e b e n 5 s ___ 1910 J -J
N o n -c o n v e r t d e b e n 5 s . ..1 9 1 3 A-O
l a F a lls & S io u x C i s t 7 s .. 1917 A -O
K an C C lin & S pr 1st 5 s . . . 1925 A -O
K an C F t S & G u ll 1st 7s. .1 9 0 8 J-D
K a n C F t S co tt <fc M 6s . ...1 9 2 8 M-N
K an C M & B ge n 4 s ........... 1934 M-S
A s s e n te d in co m e o s ........1934 M -S
K an C <fe M R y & B r 1st 5 s l9 2 9 A -O
K an C S t J o & C B 1st 7s. .1 9 0 7 1J - J
M a in e C en t c o n s 1st 7 s . ..19121 A-O
C on s 1st 4 s ........................ 1912 A-O
M ara H o u g h & O nt 1st 6s . 1925 A-O
M e x ica n C en tral c o n s 4 s ..1911 J - J
l s t o o n s i n c 3 s ...........J a n 1939 J ’ly
2d con * in c 3 s ........... Jan 1939 J ’ ly
M ic l i T e l e p ls t 5 s .................1917 J - J
M in n e G en E le c c o n g 5s 1929 J -J
N e w E n g C ot Y a rn 5 s ___ 1929 F-A
N e w E n g T e ie p h 6s ............1907 A-O
6 s ...........................................1908 A-O
o s ...........................................1915 A -O
N e w E n g la n d c o n s g 5 s ... 1945 J - J
B o sto n T e r m 1st 4 s ........1939 A-O
O ld C o lo n y gold 4 s ...........1 9 2 4 F-A
O reg R y <fe N a v c o n g 4 s . . 1946 J-D
O reg Sh L in e 1st g 6s ........1922 F-A
R e p n b V a lle y 1st s f 6s . . . 1919 J - J
R u tla n d 1st c o n g e n 4 4 s . 1941 J - J
R u tland -C anadian 1st 4s 194 9 J -J
Savan n ah E l e c l s t e o n s 5 s . l 9 5 2 J -J
S eattle E le c 1st g o s ......... 1930 F -A
T e r r e H a u te E le c g o s -----1929 J -J
T o r r in g t o n 1st g 5 s ........... 1918 M-S
U n io n P a c R R < f e l g r g 4 s .l 9 4 7 J - J
1st lie n c o n v 4 s .................1911 M-N
U n ite d F r u i t c o n v g e n 5 s .l 9 1 1 M -S
U S S teel C orp 10-60 y r 5s . 1963 M-N
W est E n d S tre e t R y 4 s ___ 1915 F -A
G o ld 4 4 s ..............................1914 M-S
G old d e b e n tu re 4 s ........... 1916 M-N
G old 4 s ................................. 1917 F-A
W e s te rn T e le p h & T e l 5 s . 1932 J -J
W is c o n s in C e n t 1st g e n 4 s l9 4 9 J - J
W is c o n s in V a lle y 1st 7 s ..1 9 0 9 J -J
B u y e r p a y s a o c r u e d i n t e r e s t i n a d d i t i o n t o t h e p u rch a se p r i c e f o r all B o s to n B on ds.
Rcny*
W'ee/c’ s
R a n y e or
Last s a l e
Y ear
1906
-High
A s k Low
10 0 7g O ct ’ 06
B id
" " ioi
118 4120
..........
91
844
25
87
28
10il
122*4 N o v ’ OH
98*4 J a n ’ 07
1 0 2 4 N o v ’ 06
119 4 Jan ’ 07
94 4 D ec ’ 06
92 4 D ec ’ 06
101 J a n ’ 07
100*4 * e p ’00
113*8 N o v ’ OU
101*4 Sep ’ 05
118 May’ 04
85 4 J an ’ o ?
546 4 O ct ’ 06
1734 A u g ’ 05
974
102 4
117 4
94 4
92
100
100*4
113 5e
100
106
1 2 3 1*
994
94
1044
102V
115
97
100*4
100
1014
IO 1 4 1 0 1 * *
•J121M121*i
103
103
98
98*s
103 4 10»
"9 9 4 i o o * *
102 4110478
1150 4 155
105 112*4
H96 U 0078
1004102S
10238102**
1004 102*8
102 V 1 0 3 4
99
103 4
II F la t price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
S h a r e 1 'r ic e s — iNot P e r C e n tu m P r i c e s
Jan 19
M onday
J a n 21
J a n 22
J a n 24
J a n 23
Sales
01 the
W eek
Sharet
A C T IV E S T O C K S
S tocks see below )
J a n 25
R a n ge l o r Y ear
L ow est
H ighest-
R ange lo r Jhreviou i
H ig h est
Lowest
B a lt i m o r e
*214
964
'Zi
*47
*13
134
954
22
*47
13
97
22
.........
13
*50
43*4
103s
*7
*344
15
100*4
734
6 0 4 • 5 0 1, 5 0 34
4o3|.
45
4534
i 0 7„
lO ’ g 1 0 76
*7
7*4
i '4
3o *4
S434 3 4 34
15
15
1 6 34'
102
• 1 0 0 4 102
7 4 4 76*8
74 4
24
2 *4
6 6 78 67®8
66 7# 6 7 » ,„
*47
4734
47 4 4 7 4
71*16 8
8
7’»
22
23 4
2 0 4 21
63318 64*8 62i*ig64l*ie
* 4 4 4 45
* 4 4 4 45
‘ 45
47
*45
47
57 7s 69*8
* 5 7 4 68*4
92
9234 9 3 4
92 4
29 4 * 2 8 4 2 9 4
PHILADELPHIA
I n a c t iv e S t o c k s
A lle g h e n y V a l p r e f ___ 50
A m e r ic a n C e m e n t........10
A m e r G as o f N J ........100
B e ll T e le p h o n e ............. 50
C a m b ria I r o n .................60
C en tral C oal & C ok e . 100
C on sol T r a c o f N J . .. 1 0 0
D iam on d S tate S t e e l.. 10
P r e f e r r e d .....................10
E a ston C on E le c t r ic 6.50
E le c S tora g e B a tt___ 100
P r e f e r r e d ................... 100
F t W a y n e <feW V ........100
G erm a n tow n P a ss ........50
I n d ia n a p o lis S t ........... 100
In d ia n a U n io n T r ___ 100
I n s u r a n c e C o o f N A . . 10
In t e r Sm P o w ifc C b em .60
K e y s to n e T e le p h o n e ..5 0
P r e f e r r e d .....................50
K e y s to n e W a tc h C a se .100
L it B r o t h e r s ...................10
L ittle S c h u y lk ill..........I50
M ln e h lll <fc S cliu y l H 50
N H a v e n Ir o n &, S te e l.5
N o rth e rn C e n tra l......... 50
N o rth P e n n s y lv a n ia ..50
P e n n s y lv a n ia S a lt........50
P e n n s y lv a n ia S t e e l..1 0 0
P r e f e r r e d ...................100
Pliila Co (P itts) p r e f ...5 0
P h il G e r m a n * N o r r is .50
P h ila T r a c tio n ............... 50
R a ilw a y s G e n e r a l........10
S u sq u eh Iron & S t e e l ..5
T id e w a te r S te e l........... 10
P r e f e r r e d .....................10
T on op a li M in in g o f N e v l
U n ion T r o f I n d ......... 100
U n ited N J R R <fc C .. 100
U n it T r a c P itts p r e f ..5 0
W a r w ic k lron<& S t e e l.10
W e s t J e r s e y & S e a S h .5 0
W e s tm o re la n d C oal__ 50
W ilk e s G as <fc B l e c .. i 0 0
95
214
964
214
464
*13
47
134
954
214
*13
95*4
*214
46 4
134
*4534 4 6 4
*13
134
97
22 4
50*8 50Ar * 5 0 4 50*4
50 \ 5 0 5s
4 5 70 4t}78
4 5 4 464
46*4 47 4
10*8 10J4
iOag 1 0 4
104 104
*634
‘7
-4
6 ?R
74
' 6 >4
‘ 35
35 4 *35
3 5 4 * 3 4 4 35 4
15
♦15
154
1 5 4 *14*4 1 5 4
*100 4 102
*100 4 1 0 2
‘
*100 4 lu 2
7 4 34 7 5 4
74 4 75
* 7 4 4 75 4
2v
24
24
24
24
23.,
6 7 ^ 68
67r ia6715i8
67*8 6 / \
46 \ 4 6 4 *46
4 6 4 47 4
464
8
V «i.
7**18
7 ls is
o2 2l 78
‘4 24
21°* 2 2 -V,
2234 23
633, 64 4
64 4 6434
633, 61® 18
* 4 4 4 45
* 4 4 4 45
* 4 4 4 45
*45 ‘•j 47
‘ 454 ii
*45 4 4 ;
59 4 603g
59
58*, 59
59 4
9334 93*4
93 4 9334
9 3 4 94
29
*28
29 4 *28
29
*28
ri
R onds
A1 V a l E e x t 7s 1910 A-O
9*4 A lt cfeL V E lec i 4 s ’ 3 3 .F -A
A m R y s c o n v 5 s 1 9 1 1 . J-D
5 1 4 52*4 A tl C ity 1st 5s g ’ 1 9 . M -N
49
B alls T e r 1st 5s 1 9 2 6 . J-D
48
B e r g & E B r w 1st 6s’ 21 J-J
B ethle S teel 6s 1 9 9 8 .Q -F
764
Choc<fc M o l8 t 5 8 1949 J-J
Ch O k & G g e n o s ’ 19 J-J
C ol S t R y 1st c o n 5s 1932
66
69
C on T r a c o f N J 1st 5 s .’ 33
E <fe A 1st M 5s 1920 M -N
E le c & P e o T r stk tr c tfs
135
E q II G as-L 1st g 5s 1928
H & B T o p co n o s ’ 25 A-O
In d ia n a p o lis R y 4 s . 1933
I n te r s ta te 4s 1943 ..F - A
21 4 22
24*4 25 L e h ig h N a v 4 4 s ’ 1 4 .Q-J
R R s 4s g ........1 9 1 4 .Q -F
9
94
G en M 4 4 s g . 1 9 2 4 .Q -F
L eh V C 1st 5s g ’ 3 3 . . J-J
L e h V ex t 4s 1st 1948. J -D
15 4 IS
2d 7s 1 9 1 0 .................M -S
59
C on soi 6s 1 9 2 3 ........J -l)
63
*2
A n n u ity 6s ............... J-D
3
G en c o n s 4s 2 0 0 3 .M -N
L eh V T ra n c o n 4s ’33J-D
N e w Con G as 5s 1948 J-D
N e w a rk P ass c o n 5s 1930
61
N Y Ph <fc N o 1st 4s ’ 39 J -J
105
In co m e 4s 1 9 3 9 ...M -N
46'
47*
N o O h io T r a c c o n 5 s ’ 19.J-J
96
96*4 P e n n gen 6 s r 1 9 1 0 ..V a r
64
67a C on sol 5s r 1 9 1 9 ... V ar
|P en n <fc M d S teel c o n 6s.
! P a & N Y Can 5s ’3 9 .A O
Con 4s 19 3 9 ............. A-O
18*4
1 8 4 ! P e n n S teel 1st 5s '17 M -N
j P e o p le ’ s T r t r ce rts 4s ’ 43
P Co ls t& col tr o s '49 M -S
49
j C o n * c o lt r S s 1951M -N
6 4 Plul Klee g o ld tru st c t fs .
T r u s t c e r tifs 4 s ...............
jP
E gei> M 5 g ’ 2 0 . A -O
! G en M 4s g 1 9 2 0 ..A & 0
* E x -rig h ts.
in n
96*4 N o rth e r n C e n t r a l........95 50
22
S eaboard ( n e w ) ............. 100
100
80
100
4 5 34
1 3 4 U n ited R y & E le c t r ic .. 50
95 **
*214
*76
45*4
-1 3
51
46*»
104
8
36
♦14»4
1004
744
24
673ia
46
8
204
63 4
*44 4
*45
584
92 4
*28
51
474
10*8
8
36
15
102
74 4
21*4
647ie
45
4/
59
93 4
30
109
100
A sk
B id
P H IL A D E L P H IA
110
103
119
119 4
108 7s
105*4
io t j’
'964
106 4
68*4
110
1 0 5 3, 106
974
109 34’
P li & R e a d 2d 5s ’ 3 3 . A-O
Con M 7s 1 9 1 1 ........J-D
Con M 6s g 1 9 1 1 ....J -D
E x Im p M 4s g ’ 4 7 . A -O
T e rm in a l 5s g 1 9 4 1 .Q -F
P W & B c o l tr 4s ’ 2 1 . J-J
P o rtla n d R y 1st 5s 1930.
R och R y < fc L c o n 5 s ’ 54J-J
U T r a c ln d g e n 5s’ 19.J-J
U n R y s T r c t fs 4 s ’ 49JifcJ
U n ite d R y s I n v l s t c o l l t r
8 f os 1 9 2 6 .................M -N
U T r a c P it g e n 5s ’97 J-J
W e lsb a ch s f 5 s 193 0. J-D
W lk 8-B G & E co n 5 8 ’55J -J
B A L T IM O R E
I n a c t iv e S t o c k s
A la C on s C oal& I r o n .1 0 0
P r e f ..............................100
A tla n ta & C h a r lo tte .. 100
A tla n C oast L in e R R . 100
A tla n Coast L (C onn)lO O
C a n ton C o .....................100
C ons C ot D u ck C o r p . . . 50
P r e f e r r e d .................... 50
G e o rg ia S ou & F l a . .. 100
1st p r e f ...................... 100
2d p r e f........................ 100
G -B -S B r e w in g ........... 100
B on ds
Anacostia <fc Pot 5s..........
107 4 1 0 8 4
102
’ ’9 9 4 101
107 4
102
102 4
9 9 34 9'J7s
69 4 70
||*7 .5 0 paid.
300
10
82
97
22
85
48
13
J’ n e 7 92 J ’n e20
J ’ ly 3 1 1 1*4 D e o 11
D e c 24 32 Jan 17
Sep 20 9 134 M ar30
D e c 22 62 4 -Ian 5
D e c 27 19 J a n 15
50
89 50*4 Sep 10
50 47,630 3 0 34 J a n 5
10 3,180 11 M ay 9
100
21
6 N ov28
100
29 31 D e c 7
837 1 4 4 N o v 2 0
100
158 100 D e c 2 1
50
50 5.098 65 M ay 2
100 1,290
P e n n s y lv a n ia R R ......... 50 7,312 613s J ’l y 3
257 47 A p r 20
P lu la d e lp ’ aC o ( P itts b ) 00
6*gD ec 7
P h ilad elp h ia E le c t r ic t 25 3,968
P h ila R a p id T r a n s it c .. 50 33,302 c l 9 *4 D e c 3 i
50 63,012 5 6 4 .May 3
4 3 '“u A p r 16
D o 1st p r e f ............. 50
D o 2 d p i e f ............. 50
44 78 May 2
U n io n T r a c t o n .............
50 5 ,«51 58*8 Dec IS
50 8,063 l J 8 l4 M a y l6
U n ited G as I m p t .........
2 5 D ec 2.
W e lsb a ch C o .................* 21(10
84
100 4
97
1,065
225
P h ila d e lp h ia
A m e rica n R a ilw a y s ___
C am bria S t e e l ................
E lectT ic Co o f A m e rica
G e n A sp h a lt tr c tfs —
Do pref tr c t f s ___
Lake S u p e rio r C o r p ...
L e n ig li C & N a v tr c tfs
L e h ig h V a lle y .................
67 “r
46
8
B id
P H 1 I .A D K L P H I A
* B id and asked p rice s; n o sales ou this day.
97
214
A tl & Ch 1st 7 . . . 1907 J-J
A tla n C L R R 4 s 1952M -S
A t l Coast L( C t)ctfs 5s J-D
C tls o f in u e b t 4 s ___ J-J
5-20 y r 4s 1 9 2 5 ..........J-J
B a lt C P a s s l s t o s ’ 11 M -N
B a lt F u n d g 5 s .1916 M -N
E x ch a n g e 3 4 a 1930 J-J
Balt & P 1st 6s 1111 ’ 11 A -O
B a lt T r a c 1st 5 s . . ’ 29 M -N
N o B a lt D iv 5s 1942 J-D
C o n v e r tib le o s . ’ 06 M -N
C eu t’ l R y c o n 5 s l9 3 2 M -N
E x t & Im p 5s. 1932 M -S
*■$15 paid.
<■$10 \>aid.
A sk
1104
107
1034
120
100 4
100
84
884
110
744
100 4
90
92
180
124 4
310
315
90
94
12
13
33 4 34
83 May 90 A p r
99 May 11034 Sep
2 1 4 Jan 34 D ee
4 7 7®J an
12 4 A p r
64
lrf
D e«
M ar
54 Jan 27 48 Jan 5 4 4 A pr
39*4 N o v 3 0 2 4 34 May 32 D eo
1 2 7e N o v 20 10 4 Jan
12*8 Feb
14 J a n 4
8 4 Dec 17 4 J an
48 J a n 19 36 N ov 49 J a n
2 3 34 J a n 15 14 4 May 2 5 4 M ar
118 Jan 19 1 0 0 4 J ’ ly 123 4 N ov
86 J ’n e 8 52 4 Jan 90 4 N o v
5 34 J a n
3 15ie Ja n 10
73**18 Ja n 22 S5*3i6 May 7 a 7g A u g
a54 4 M ar26 4034 Jan 55 4 N o v
9 3ia O ct 17
8
J ’ne 1 2 4 A p r
{3 1 -4 Jan 2 1 1 1734 Jan 436 A p r
83 J a n 23 39 a8 Jan 71 13j6 N ov
47*6ie Jan 23 45 May 47 '8 A u g
51 Jan 23 42 Jan 50 4 N o v
65 A ug2l
58*4 Mai 6 3 4 O ct
101 F eb 15 90 J ’ ue 1263s A p r
32 M ar 1 20 F eb 31 N o v
B A L T IM O R E
B id
A sk
Ghas C ity R y 1 st 5s ’ 23 J -J 100
Clias R y G & El 5s ’99 M ..s
93 4 95
Cliarl O' <fc A e x t 5 s .’09 J -1 115
116
2d 7 s .................1910 A -O 110
C ity & Su b 1st 5 s . . ’22 J -D 108*4 108*4
C ity & S u b (W a s ) l s t 5 s ’ 48 104
1044
C oal & 1 R y 1st 5s ’ 2 0 F-A 1 0 4 4 i05*a
C o l& G r n v l s t 6 s .l 9 1 6 J - J 110
112
C on sol G as 6 s . . .1 9 1 0 J-D 103 4 104
5 s ........................ 1939 J-D 109*4 110
G a & A la 1st co n 5s ’45 J-J 108
1084
G a Car & N l s t 5 s g ’ 2 9 J -J 108
108 4
G e o r g ia P 1st 6 s . . . ’ 22 J-J 118
11834
G aS odi F la 1st 5s 1945J-J 10934 110 4
G -B -S B r e w 3-4s 1951M -S
57
57 4
2d in c o m e 5s 1951 M -N
29
30
K n ox v T r a c 1 st 5s ’ 2 8 A -0 106
L a k e R E l 1 st g u 5 s ’4 2 M -8 114
117
M e tS t(W a s h )l8 t5 s ’ 2 5 F A 112
M t V e r C ot D u c k 1st 6s.
83
83 4
N p t N & O P 1st 5s’ 38 M -N
G e n e ra l 5s___ 1941 M -S
N o rfo lk S t 1 s t 5s ’4 4 .. J-J
N o rth C e n t 4 4 s 1925 A -O
S eries A 5s 1 9 2 6 ___ J-J
S eries B 5s 1 9 2 6 ___ J-J
io o '
P
itt
U n T r a c 5s 1 9 9 7 .J-J
82
84
P o to V a l 1st 5s 1 9 4 1 ..J-J
7
74 Sav
F la ifeW est 5 s ’ 34 A-O
S eaboard A L 4 s 1950 A -O
103
103 4 Seab <fc R oan 5s 1 9 2 6 .J-J
South B o u n d 1st 5 s . .A O
"9*7*4 ’ 9 8 '4 U E l LdfcP 1st 4 *as’ 29 M -N
Un R v & E l 1st 4 s ’49 M-S
107
109
In c o m e 4s 1 9 4 9 ........J-D
88*4 90
89
V a M id 1st 68 1 9 0 6 .-M -S
90
2d se rie s 6s 1 9 1 1 ...M -S
103 4 1 0 1 4
3d s e rie s 6s 1 9 1 6 ..M -S
1 1 0 4 111
10234 103 4
4th ser 3-4-5s 1 9 2 1 .M-S
5tli se rie s o s 1 9 2 6 .M-S
105
112
1 1 6 ” Va (S tate) 3s n e w ’ 3 2 .J-J
115
F u n d d e b t 2 -3 s 1 99 1. J-J
116
W e s t N C con 6s 1914 J-J
110 1 1 1 4 W e s V a C & P l s t 6 g ’ l l J-J
W il <fe W e ld 5 s . .1 9 3 5 .J-J
'•$20 paid.
1 R e c e ip ts .
■> $25 paid.
,
100*4 10 l V
104 107 1
101 4 Sep ’ 06
110278 Jan ’05
112138 M a r’ 06
103
103
1 0 7 4 N o v ’ 05
102 M a i’ 02
9 8 4 M ay’06
104 O ct ’ Oii
102 D e c ’ O.";
9 9 4 N o v ’ 06
11102 J a n ’ 07
1150 4 A p r ’ 06
106 4 1 1 0 4 110 J a n ’ 07
1)99
199
i o d 4 Sale 100 4 100 4
102 J a n ’ 07
" 9 9 " i o o " 102*g J a n 06
99 1 0 0 4 1 0 0 4 J a n ’ 07
96
96
96
97
1194 4 S e p ’ 05
109 ®b A u g ’ 05
* N o p r ic e F r id a y ; latest bid an d asked.
H ig h
75a4 84*4
19*4 2 6 4
102 4 A u g ’ 04
9 !>34
99^
100 O ct ’06
10034 O ct ’ 06
100*8 Jan ’ 07
9 9 34
Low
100 101\.
100 1 0 1 4
122*815*2^
1004
95
105
108
107
113
113
J 10
113
113 4
814
110
109
924
88*4
584
100
no
109
1154
8 1 3*
111
93 t.
90
58*4
109
107
107
110
1114
93 4 95
94
95
110
108
104*4 1 0 6 4
114 1 1 5 4
c $30 paid.
214
THE CHRONICLE.
[V o l.
l x x x iv
.
in u e str n je iii a n ti i l a i l r o a t l i n t e l lig e n c e .
RAILROAD
GROSS
EARNINGS.
The following table shows the gross earning3 of every STEAM railroad from which regular weekly or m onthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or m onth, and the last two
columns the earnings for the period from July 1 to and including such latest week or m onth. W e 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
period. The returns of the street railways are brought together separately on a subsequent page.
Latest G ross E a rn in g s.
W eek or
M on th .
C u rrent
Y ea r.
J u ly 1 to Latest D a te.
P rev io u s
Y ea r
C u rrent
Y ear.
A la G reat S outhern — See S ou t h e m R ail w a y .
A la N O & T e x Pac.
257,184 1,613,612 1,3 9 1 ,3 9 6
300,327
N O & N E a s t . . . D ece m b e r
137,966
153,848
766,671
A la & V ic k s b u r g . D ece m b e r
650,214
153,740
127,913
578,465
805,551
V ick s b u rg Sh & P D e ce m b e r
3,934
A la T e n n & N o r t h . . N o v e m b e r .
4,069
18,024
16,892
k A t c h T o p & S F e . N o v e m b e r . 7 ,9 1 6 ,4 8 3 7,1 4 2 ,3 1 6 37,6 7 2 ,9 6 2 32,8 6 7 ,2 1 8
373,844
A tla n ta & C h a r i.. O cto b e r . .
378,469 1 ,417,310 1,367,457
A tla n B lrm & A t l ’ c . N o v e m b e r
130,121
450 ,460
636,205
81,391
A tla n tic C oast Line N o v e m b e r . 2,259,375 2,1 1 5 ,7 7 0 1 0 ,178,033 9,2 9 7 ,7 0 5
B a ltim ore & O h i o . . D ece m b e r 6,720^001 6 ,450,520 4 1 ,7 7 1 ,1 9 7 3 8 ,6 1 0 ,4 0 8
B a n gor & A r o o s to o k N o v e m b e r .
287 ,062
969,208
188,628 1,2 9 4 ,1 2 6
29,084
B ellefon te C e n t r a l.. D ece m b e r
31,153
5,086
5,197
B rid g eton & S a co R N o v e m b e r .
22,833
23,922
3,512
3,947
B u ff R o c h & P it t s . 3d w k Jan
160,023 4 ,7 0 4 ,3 8 7 5,0 9 5 ,2 7 7
138 ,727
751,048
153,916
B u ffalo & S u sq ____ N o v e m b e r .
654,871
131,926
957,095
119,241
128,863
975,771
Cal N orth w estern
D ece m b e r
85,900 4,1 0 4 ,5 0 0 2 ,8 5 7 ,9 0 0
81,300
C a n a d ia n N o rth e r n . 2d w k J a n
923 .000 1,0 0 9 ,0 0 0 4 0 ,2 8 4 ,3 7 5 3 4 ,3 8 2 ,7 9 4
C a n ad lan P a c ific . . 3 d w k Jan
247 ,400
205 ,600 6 ,6 0 7 ,2 7 7 6 ,2 7 3 ,2 8 9
C en tral o f G e o r g i a .. 2d w k Jan
C en tral o f N J e r s e y . D e ce m b e r 2 ,2 2 9 ,7 4 2 2,1 1 8 ,1 9 4 1 3 ,420,719 12,834,285
84,804
2,658
3.319
70,7 0 0
C h a tta n S o u t h e r n .. 2d w k Jan
C h esapeake & O hio N o v e m b e r 2 ,1 1 1 ,2 3 6 2 ,033,482 10,5 3 1 ,7 4 6 9 ,8 1 6 ,3 2 6
3,404
19,144
Ch esterfield & Lane N o v e m b e r .
4.320
15,333
C h ica g o & A lt o n R y N o v e m b e r . 1,0 5 8 ,8 4 9 1 ,043,404 5 ,5 5 7 ,5 0 9 5 ,1 7 3 ,4 6 0
C h ic G reat W estern 3d w k Jan
169,553
140,281 5,4 9 9 ,8 4 0 5 ,0 0 1 ,6 9 7
C h ic In d & L ou isv 2d w k Jan
98,4 1 0
93,597 3 ,2 8 2 ,6 7 3 3 ,2 9 7 ,9 2 0
C h ic In d & S outhern
See N ew Y o r k Cen tral
C h ic M llw & S t Paul N o v e m b e r . 5 ,2 0 0 ,3 8 2 4,9 7 2 ,5 8 9 2 6 ,4 6 9 ,9 2 6 24,2 5 6 ,1 7 2
C h ic & N orth W e s t . D ecem b e r 5 ,7 1 7 ,0 3 5 5 ,0 9 0 ,2 5 7 3 5 ,8 7 9 ,9 4 0 3 2 ,9 3 1 ,6 3 5
C h ic St P a u l M & O . N o v e m b e r . 1,293,610 1,254,120 6,1 2 3 ,3 6 0 5,848,561
935 ,604
930 £ 7 7
C h ic T erm T r R R . . 2d w k Jan
32,449
30,119
Cln N O & T e x a s P a c
R a llw a y See S out h e m
C in cin n at' N orth ern
See N ew Y o r k Cen tral.
C le v Cln C h ic & St L
See N ew Y o r k C en tral.
917,945
C o lo r a d o M id la n d . . N o v e m b e r .
220 ,657
199,506 1,100 ,408
ft C ol & S o u th S y s _ . 2d w k Jan
,475,188
223,912 7,2 8 8 ,178
251,273
Col N e w b & L a u r .. N o v e m b e r .
126 .638
116,933
27,482
26,005
C o p p e r R a n g e ______ O cto b e r . .
236 ,150
62.679
67,162
281 .279
C o r n w a l l ___________ N o v e m b e r .
93 ,872
16,993
77,228
15.194
38,074
C ornw all & L eb an on N o v e m b e r .
191,038
209 ,948
38,652
,139,708
370,200
D e n v & R io G rande 3d w k Jan
339,800 11,945 ,988
671 ,291
22,778
580,607
D e tr o it & M a ck in a c 2d w k Jan
20,666
,254,541
88,395
D et T o l & Ir o n t Sys 2d w k J an
79,456 2,347 ,226
84,274
141 ,644
D u l R L & W in n ip . N o v e m b e r .
23,203
28,459
,637,367
51,117
D ul S o S h ore & A t l . 2d w k Jan
44,501 1,796 ,206
E rie_________________ N o v e m b e r . 4 ,6 3 6 .2 3 5 4 ,4 1 1 ,2 2 0 22,830 ,681
,621,519
E v a n s v ille & T e r H
See R o c k Isla n d S ystem
F a irch ild <Sc N E _ _ . D ecem b e r
12,992
8,890
1,429
2,469
388,936
54,251
F o n d a Joh n st & Gl_ D e ce m b e r
418,911
51,787
G eorgia R R ________ N o v e m b e r .
277,432
250 ,228 1,279,101 1,203,676
7,700
G eorgia C oast & P ’t N o v e m b e r .
G eorgia S o u th & F la — See S ou t hern R a il w a y .
768 ,754
G ra n d T r u n k S y s ._ 2d w k Jan
652 ,998 2 4 ,1 7 4 ,4 2 0 2 2 ,0 1 6 ,5 5 7
108,557
86,015 3 ,2 1 6 ,4 2 9 2,930,301
G r T r u n k W e s t . . 1st w k Jan
18,994
30,303
830,745
984,619
D et Gr H & M llw 1st w k Jan
27,982
25.680 1 ,123,139 1,0 8 8 ,1 4 3
C a n ada A tla n tic . 1st w k Jan:
G rea t N orth ern
D ecem b e r 3,6 5 9 ,1 7 8 4,1 0 1 ,0 1 9 2 9 ,1 3 6 ,4 2 5 26,7 5 0 ,1 8 9
256 ,823 1,438,821 1 ,379,297
235,678
M on tan a C e n tra l. D ecem b e r
T o ta l s y s t e m ____ D ecem b e r 3 ,8 9 4 ,8 5 6 4,357,842 3 0 ,5 7 5 ,2 4 6 28,1 2 9 ,4 8 6
50,904
43,551 1,2 8 6 ,6 0 4 1 ,083,218
G u lf & S hip Is la n d . 2d w k Jan
587 ,995 2 ,9 9 7 ,5 2 5 2,857,731
564 ,082
H o ck in g V a lle y ___ N o v e m b e r
Illin ois C e n t r a l ____ D ecem b e r 4,9 3 7 ,8 0 2 4 ,6 5 4 ,5 6 4 2 7 ,9 2 1 ,4 1 0 25,319,221
124.000 5,013,561 4 ,0 4 4 ,6 3 5
In ter & Gr N o r t h . - 3d w k Jan
174.000
138,349 3,855,281 3 ,3 3 6 ,3 5 3
139,729
a ln t e r o c e a n lc (M ex) 3d w k Jan
55,864 1 ,786,612 1,6 9 0 ,1 0 6
I o w a C en tra l_______ 3d w k Jan
57,838
988 ,995
180,442
195 ,774
K a n a w h a & M ic h . . N o v e m b e r .
905,907
655,553 4 ,3 8 9 ,7 7 2 3,6 1 3 ,1 7 9
783 ,198
K an sas C ity S o u t h . D ecem b e r
L a k e Erie & W e s t’ n — See N ew Y o r k Cen tral.
L a k e S h ore & M Sou — See N ew Y o r k Cen tral.
L eh igh V a lle y _____ N o v e m b e r . 2,943,009 3 ,0 7 4 ,5 5 6 15,5 5 2 ,7 1 3 14,5 6 3 ,5 8 8
L e x in g to n & E a s t . . N o v e m b e r .
220 ,876
237,988
43,314
40,683
L o n g Is la n d ________ N o v e m b e r .
I n c . 531 , 785
In c . 79, 064
380,329
507 ,6 3 4
88,593
L ou isian a & A r k a n . N o v e m b e r .
76,151
950 ,425
L o u is v ille & N a s h v . 2d w k Jan
846 ,140 2 5 ,6 7 5 ,9 1 6 2 2 ,7 1 1 ,4 5 4
15,319
82,666
M acon & B ir m in g .. D ecem b e r
84,572
13,625
M anistee & N o E ___ O cto b e r .
26.195
26,098
45",305
4.448
M a n lstiq u e _________ D ecem b e r
51*081
5,067
27,723
188,243
26,599
M a ry la n d & P e n n .. D ecem b e r
194,190
a M ex ica n C e n tr a l.. N o v e m b e r 2,574,375 2,1 5 2 ,4 3 0
139,721 4,311*238 3,687',124
150,894
a M ex ica n In t e r n a t . 3d w k Jan
135,700
126,100 3 ,7 2 6 ,0 0 0 3,2 8 8 ,1 0 0
a M ex ica n R a ilw a y . 1st w k Jan
20,606
21,670
635,190
a M exica n S ou th ern 1st w k Jan
599 ,934
M ich igan Cen tral
See N ew Y o r k Cen tral.
13,980
424 ,002
13,931
409 ,676
M ineral R a n g e _____ 2d w k Jan
2 ,156,261 2,1 9 5 ,7 3 0
66,187
59,47
M ln n eap & St L ou is 3 d w k Jan
145,986
217,952 7 ,0 6 6 ,4 6 9 6 ,5 6 8 ,2 5 6
M inn S t P & S S M . 2d w k Jan
360 ,250 14,7 6 4 ,8 5 9 12,3 4 4 ,2 4 2
490 ,667
M o K a n & T e x a s ___ 3d w k Jan
840,000: 815 .000 26,1 7 7 ,2 3 2 23,8 4 6 ,0 3 8
M o P a c & Ir o n M t . . 3d w k Jan
918,322 1,126,313
29,000
34,000
C en tral B r a n c h -. 3d w k Jan
T o t a l ____________ 3d w k JaD
869 .000
8 49 .000 27 ,0 9 5 ,5 5 4 2 4,972,351
343,459
b M ob ile J a ck & K C S ep te m b e r
108,413
64,761
188,750
M ob ile & O h io
S ee S ou t hern R ail w ay.
N ash C h att & St L . N o v e m b e r .
904 ,160 4 ,7 1 3 ,8 8 3 4,3 6 6 ,9 7 4
913 ,227
a N at R R o f M e x ico 3d w k Jan
266,596 8 ,2 2 1 ,6 4 9 7 ,4 3 9 ,7 3 7
289 ,486
561,970
19,441
H id a lg o & N E ._ 3d w k Jan
153,722
17,605
130,666
14,156
N ev-C a l-O regon ____ D ecem b e r
21,556
32,2131
4,201
4,387
N e v a d a C e n tra l____ N o v e m b e r .
July 1 to Latst D a te.
Latest G ross E a rn in g s.
P rev io u s
Y ear.
W eek or
M o n th .
N Y C & H ud River D e ce m b e r
Lake Shore & M S D e ce m b e r
Lake Erie & West D e ce m b e r
Chic Ind & Sou .1 . D e ce m b e r
Michigan Central. D e ce m b e r
Cleve C C & St L . D e ce m b e r
Peoria & Eastern D e ce m b e r
Cincinnati N orth. D e ce m b e r
Pitts & Lake Erie D ecem ber
R u tla n d _________ D e ce m b e r
N Y Chic & St L . D e ce m b e r
N Y Chic & St Louis
See N ew
N Y Ont & Western N o v e m b e r .
N Y Susq & W e s t .. N o v e m b e r .
N orfolk & Western . N o v e m b e r .
N orthem C en tra l.. N o v e m b e r
Northern Pacific___ D e ce m b e r
Pacific Coast C o___ O cto b e r . .
dPenn— East P & E N o v e m b e r
dW est P & E ____ N o v e m b e r .
S ee N ew
Peoria & Eastern
Phila Balt & W ash. N o v e m b e r .
Philadelphia & Erie N o v e m b e r .
Pitts Cin Chic &StL D e ce m b e r
See N ew
Pitts & Lake Erie
Raleigh & Southport N o v e m b e r .
Reading R a ilw a y .. N o v e m b e r
Coal & Iron C o .. N o v e m b e r .
T otal both co s___ N o v e m b e r .
Rich Fred’ksb’g&P S e p te m b e r
R io Grande June___ O cto b e r _ .
R io Grande South- 2d w k Jan
R ock Island System N o v e m b e r
e St L & San Fran N o v e m b e r .
f E vansv & Ter H N o v e m b e r .
T otal o f all lines N o v e m b e r .
Rutland
— See N ew
St Jos & Grand Isl. N o v e m b e r .
St L & San Fran — See R o c k
St Louis Southwest. 3 d w k Jan
Seaboard Air L ine. _ N o v e m b e r .
Sierra R a ilw a y ____ D e ce m b e r
Southern Indiana _ . D e ce m b e r
cSouthern Pacific Co N o v e m b e r .
Southern R ailw ay. _ 2d w k Jan
Mobile & O h io ... 2d w k Jan
Cln N O & T ex P . 1st w k Jan
Ala Great South. 1st w k Jan
Ga South & F la .. D e ce m b e r
Texas C en tra l_____ 2d w k Jan
Texas & Pacific____ 3d w k Jan
Tidewater & W est. S e p te m b e r
T oledo & Ohio Cent N o v e m b e r .
T oledo Peo & W est. 2d w k Jan
T oledo St L & West 2d w k Jan
Tom bigbee V a lle y .. N o v e m b e r .
T or Ham & Buffalo D e ce m b e r
Union Pacific Syst. N o v e m b e r .
Virginia & So W est. D e ce m b e r
W a b a s h ----------------- 3 d w k Jan
W estern M aryland- 3d w k Jan
W est Jersey & Sea’e N o v e m b e r .
W heel & Lake E rle. 2d w k Jan
W ’m sport & N B r_. N o v e m b e r .
W isconsin C en tra l.. N o v e m b e r .
W rightsv & T enn._ N o v e m b e r .
Y azoo & Miss Valley D e ce m b e r
C u rrent
Y ear.
Current
Year.
P reviou s
Y ea r.
P reviou s
Y ear.
$
S
7 ,7 5 2 ,7 7 7 7 ,7 4 6 ,0 8 3 4 9 ,2 1 0 ,5 4 2 4 6 ,9 0 6 ,0 3 6
3,562,379 3,5 4 9 ,1 4 0 21,9 3 7 ,2 8 2 20,4 3 3 ,8 6 7
455 .237 2,687,431 2 ,7 4 7 ,9 2 2
413 ,054
185,881 1 ,186,467 1,078,171
234.208
2,311,321 2,0 2 6 ,1 3 2 13,656,444 12,5 5 6 ,7 1 0
2,169,739 2,0 4 2 ,0 1 6 13,232,394 12,286,737
302 ,433 1,597,723 1 .653.819
269,017
467 ,5 8 2
551,
74,675
82,624
1,129,165 1 ,115,744 7 .4 3 4 .3 3 8 6 ,7 8 4 ,4 4 4
220,067
215,307 1 .531.339 1 ,419,797
930,741
979 ,204 5,0 1 6 ,2 0 9 4 .7 6 5 .8 1 9
Y ork Cen tral,
639,174
620 ,628 3,7 0 1 ,5 7 3 3 .4 3 0 .4 9 7
220,842
236,771 1 ,229,346 1 .1 8 1 .4 9 8
2,563,640 2,2 9 9 ,3 0 4 12,642,569 11 ,612,635
1,058,937
965,637 5,2 6 8 ,7 1 4 4 ,6 9 6 ,2 1 4
5,7 6 8 ,2 8 7 5,2 7 6 ,1 5 4 36,736,851 3 2 ,9 6 6 ,2 0 6
654,459
582,824 2 ,442,127 2,455,661
13121717 12 516317 6 5,3 8 7 ,4 2 4 5 9 ,9 7 7 ,0 2 4
In c. 53 1,800
In c . 3,71 5.400
Y o rk Cen tral.
1,415,059 1,302,659 7,1 0 3 ,8 3 5 6.3 8 2 ,7 3 5
818,908
843,439 4,0 3 7 ,4 8 5 3,939,291
2,5 5 6 ,2 5 5 2,456,374 15,338,025 14 ,2 0 9 ,2 1 2
Y o rk Cen tral.
9,071
37,087
25,253
5,363
3,6 4 3 ,3 6 4 3,618,960 1 7,527,469 17,408,714
3,781,536; 4,239,230 14,024,017 14,678,259
7,4 2 4 ,9 0 0 7,858,190 3 1 ,551,486 32,0 8 6 ,9 7 3
126.724
380 ,405
414 ,397
119,915
2 36 ,657
79,897
282 ,758
63,894
3 17 ,982
10,510
341,296
11,877
5,0 7 1 ,1 9 3 4 ,553,438 2 4,7 9 7 ,8 8 7 2 2 ,4 6 8 ,5 1 6
4 ,1 3 6 ,9 2 2 3,852,288 2 0,0 1 8 ,3 6 4 17,823,875
9 68 ,724
201,080
191,310 1 ,009,959
9,4 0 9 ,1 9 5 8,5 9 7 ,0 3 6 4 5,8 2 6 ,2 1 0 4 1 ,2 6 1 ,1 1 5
Y o r k Cen tral.
6 65 ,932
126,275
721 ,575
123,981
Isla n d Sy stem .
208,981
164,779 5,9 1 6 ,8 0 4 5,0 5 6 ,2 3 4
1,388,093 1,282,559 6,3 2 1 ,6 1 5 5 ,9 9 8 ,0 8 6
1 84 ,490
235,993
35,529
28,412
725 ,888
135,619
830 ,0 5 0
119.372
11224818 9,618,799 5 0,810,482 4 4,6 7 4 ,0 0 5
1,052,319
997,505 3 0 ,3 2 1 ,7 9 0 2 8 ,5 1 1 ,1 7 0
186.724
160,595 5 ,4 4 0 ,8 8 4 4,8 2 3 .9 5 2
143,313
132,320 4,4 6 2 ,7 4 4 4,1 6 4 ,8 2 6
69,997
59,972 2,0 8 9 ,1 1 7 1 ,9 1 1 ,0 6 4
939 ,015
181,344
168,452 1,075,279
551 ,792
663 ,874
28,919
15,431
345,789
262,498 9,2 0 0 ,5 0 2 7,2 3 5 ,1 4 0
21,099
22,446
6,357
7,605
399,284
365,276 2,1 4 3 ,1 8 2 1,871,420
7 3 3 ,3 7 3
697,313
26,314
24,533
7 0,123
65,003 2,2 5 4 ,4 7 3 2 ,2 6 4 ,2 9 9
18,561
24,598
4,849
4,117
368 ,853
396 ,192
6 6,272
68,456
6,646,596 6 ,109,535 32,607,215 3 0 ,2 4 1 ,8 8 5
478 ,7 3 0
497 ,698
76,944
76,485
473 ,466 15,560,919 14,0 5 8 ,9 9 8
475 ,645
85,256 2 ,970,513 2 ,5 5 6 ,7 6 4
88,558
290,063 2,7 5 3 ,5 3 2 2 ,5 5 1 ,5 3 2
331,063
99,563 3,3 4 8 ,8 9 9 3 ,0 9 0 ,5 9 4
115,852
74 ,2 1 0
80,511
1 2,890
11,402
6 0 2 ,9T6 3,2 1 1 ,9 8 2 3 ,0 9 4 ,3 4 2
609,201
99,360
91,525
18,827
21,154
930.522 4 ,6 0 8 ,2 5 2 3.8 9 0 .4 0 0
977 ,796
Cu rrent
Y ear.
P reviou s
Y ear.
$2,747,083
57,068
365,747
96,462
135,700
21,670
9 2,089,766
42,5 4 4 ,3 7 8
5 ,2 1 2 ,8 1 0
2 ,3 3 2 ,7 3 0
26,275,586
24,5 9 4 ,9 1 5
3 ,0 5 9 ,2 8 0
1,027,727
14,481,494
2,7 9 9 ,2 0 7
9,9 0 2 ,2 0 8
10,744,608
135214273
I n c .8,12
14,617,246
7 ,7 0 3 ,4 0 7
29,490,584
653,483
1,006,181
4,9 2 4 ,0 8 4
2 ,6 1 1 ,6 8 6
60,633
361 ,8 2 4
9 2 ,6 7 6
126,100
20,609
8 6 ,0 9 5 ,5 9 9
3 8 ,6 0 0 ,8 1 1
5 ,0 3 7 ,2 9 3
2 ,1 1 4 ,0 4 4
.3 ,2 8 3 ,8 6 9
2 2 ,5 1 7 ,7 6 3
2 ,9 6 0 ,7 2 5
847 ,231
2,8 3 7 ,7 3 6
2 ,5 6 2 ,0 8 9
9 ,1 0 8 ,7 2 9
9 ,6 9 2 .3 0 8
121951873
1,700
3 ,4 5 2 ,7 4 6
7 ,5 8 4 ,3 8 4
6,7 4 8 ,1 3 7
547 ,693
750 ,736
4,3 8 3 ,7 8 4
V a rio u s F is c a l Y ears.
A tla n ta & C h a rlotte A ir L in e ___ Mch 1
B e lle fo n te C e n tra l_________ __
J an 1
M anistee & N o rth e a ste rn ____ __ Jan 1
Jan 1
M e x ica n R a ilw a y ----------------------- Jan 1
M e x ica n S o u th e r n _____________
•Jan 1
N ew Y o r k Central
Jan 1
L a k e S h ore & M ich igan S o u th Jan 1
L a k e B rie & W e s t e r n . _______ Jan 1
l C h ica g o In d ia n a & S ou th ern Jan 1
M ich ig a n C e n t r a l.. _________ Jan 1
C leve Cin C h ic & St L o u is ____ Jan 1
P e o ria & E a ste rn _____________ Jan 1
C in cin n ati N orth ern . _______ Jan 1
P itts b u rg h & L a k e E rie ___ Jan 1
Jan 1
N Y C h ica g o & St L o u i s . .
. Jan 1
N o rth e rn C e n t r a l.. ____________ ■Jan 1
d P e n n — E ast o f P itts & E r ie ___ Jan 1
d W e st o f P itts & E r ie ________ Jan 1
P h ila B a ltim o re & W a s h in g t o n . Jan 1
P h ila d e lp h ia & E rie........ ................ Jan 1
P itts Cln C h ic & St L o u is --------- Jan 1
R io G rande J u n ctio n ------------------- D e c 1
T e x a s & P a c i f ic --------------------------- •Tan 1
W est Jersey & S ea sh ore------------- Jan 1
to
t.0
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
O ct
D ec
O ct
D ec
Jan
Jan
D ec
D ec
D ec
D ec
D ec
D ec
D ec
D ec
D ec
Dec
D ec
N ov.
N ov
N ov
N ov
N ov
D ec
O ct
Jan
N ov
31
31
31
31
7
7
31
31
31
31
31
31
31
31
31
31
31
30
30
30
30
30
31
31
21
30
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M on th ly S u m m aries.
2n d w e e k
3d w eek
4th w e e k
1st w e e k
2d w eek
3d w eek
4th w eek
1st w e e k
2d w e e k
N ov
N ov
N ov
D ec
D ec
D ec
D ec
Jan
Jan
(43
(44
(45
(41
(43
(41
(39
(40
(41
r o a d s )____
r o a d s )____
r o a d s )____
r o a d s ) ____
r o a d s )____
r o a d s ) ____
r o a d s ) ____
r o a d s )____
r o a d s )____
C u r'n t Year P rev's Year. In c. or D ec.
$
11,028,072
11,194,251
1 4.843,402
9 .9 1 2 .2 7 7
10,164,107
9 ,9 4 3 ,0 8 6
14,365,803
8 ,889,449
9,2 5 6 ,5 4 2
%
9,9 3 8 ,0 0 2
10,496,593
1 3 ,763,769
8 ,9 8 9 ,3 4 2
9 ,5 3 1 ,7 0 5
9,331,461
13,162,829
7,8 1 9 .5 7 0
8 ,5 2 2 ,5 5 7
%
$
+ 1,0 9 0 ,0 7 0 10.97
4 -697,658 6.64
+ 1,0 7 9 ,6 3 3 7.84
+ 922 ,935 10.27
4-632,402 6.63
+ 611,625 6.55
+ 1,202,974 9.1 4
+ 1,069,879 13.68
+ 733 ,985 8.61
M o n th ly S u m m aries.
M on th
M o n th
M o n th
M ou th
M o n th
M onth
M on th
M on th
M o n th
A p ril
M ay
Ju n e
J u ly
Aug
Sept
O ct
N ov
D ec
1906
1906
1906
190S
1906
1906
1906
1906
1906
(111
(124
(113
(117
(118
(122
(119
(123
(65
r o a d s ).
r o a d s ).
ro a d s ).
r o a d s ).
r o a d s ).
roads)
roads) .
r o a d s ).
roads) .
C u r’nt Year P rev ’ s Year.
%
136 ,685 ,53 7
1 5 2 ,183 ,74 2
1 46.010,301
1 68,336,461
1 7 9 ,191 .94 5
184,551,471
1 98 ,733 ,22 9
1 8 6 ,696 ,27 4
83,7 9 6 ,3 3 2
S
128 ,005 ,77 5
1 3 8 ,557 ,87 2
1 30 ,233 ,29 3
1 4 8 ,013 ,56 5
1 5 9 ,835 ,02 2
171 553 ,520
179 ,405 ,26 7
1 7 5 ,727 ,98 5
7 9 ,3 2 7 ,1 1 7
In c. o r D ec.
%
S
+ 8,6 7 9 ,7 6 2
+ 13,625,870
+ 15,777,008
+ 2 0 ,322,896
4-1 9 .3 5 6 ,9 2 3
+ 12,997,951
+ 1 9,327.962
+ 10,971,289
+ 4,4 6 9 ,2 1 5
6.78
9.83
12.11
13.73
12.11
7.58
10.77
6 .2 4
5 .6 4
a M exica n c u rre n cy , b In clu d e s earnings o f G u lf & C h ica g o D ivisio n , c In clu d e s th e H o u sto n & T e x a s C en tral an d Its su b sid ia ry lines In b o th
y ears, d C ov ers lines d ir e ctly o p e r a te d ,
e In clu d e s th e C h ica g o & Eastern Illinois in b o th yea rs,
f In clu d e s E v a n s v ille
In d ia n a R R .
h In clu d es
ea rn in gs o f C ol. & S o u th ., F t. W o rth & D e n v e r C ity an d all a ffilia te d lines, e x c e p tin g T r in ity & B razos V a lle y R R . fc In clu d e s in b o th years earnings
o f D en ver Enid & G u lf R R ., P e co s S y ste m an d S an ta Fe P re s co tt & P h o e n ix R y .
I F igu res p rior t o A o r il 10 1905 are th o »* o f th*» In d ia n a Illinois & l o w *
a n d In d ia n a H a rb or o f In d ian a,
n T h e se figures are an a p p r o x im a t io n o n ly .
Latest Gross Earnings by Weeks.— In the table which
follow s we sum up separately the earnings for the second
week o f January. The table covers 41 roads and shows
8 .6 1 % increase in the aggregate over the same week last
year.
Second w eek o f J a n u a ry .
B u ffa lo R o c h e s t e r & P itts b u r g h
C a n a d ia n N o r t h e r n ______________
C a n ad ian P a c ific ________________
C en tral o f G e o rg ia _______________
C h a tta n o o g a S o u t h e r n _________
C h ic a g o G rea t W e s t e r n __________
C h ica g o In d & L o u is v ille _______
C h ic a g o T e r m in a l T r a n s f e r ------C o lo r a d o & S ou th ern (incl Ft
W o r t h & D e n v e r C i t y )----------D e n v e r & R io G r a n d e --------------D e tr o it & M a c k in a c ____________
D e tr o it T o le d o & I r o n t o n ______
D u lu th S o u th S h ore & A t la n t ic .
G ra n d T ru n k o f C a n a d a -----------i
G rand T ru n k W e s te rn ............. \
D e t G r H a v e n & M ilw a u k e e . |
C a n a d a & A t la n t ic ---------------J
G u lf & S h ip I s la n d _____________
In te r n a tio n a l & G rea t N orth ern
In te r o ce a n lc o f M e x ic o _________
Io-". a C e n t r a l------------------------------L o u is v ille & N a s h v ille --------------M e x ica n I n t e r n a t io n a l__________
M in eral R a n g e ----------------------------M in n eapolis & St L o u is ................
M in n eapolis St P a u l & S S M . .
M issouri K an sas & T e x a s _______
M issouri P a cific & Ir o n M t ____
C en tral B r a n c h _______________
M ob ile & O h io ___________________
N a tio n a l R R o f M e x i c o ________
R io G ra n d e S o u t h e r n ___________
St L ou is S o u th w e s te r n _________
S ou th ern R a ilw a y _______________
T e x a s C en tra l____________________
T e x a s & P a c ific _________________
T o le d o P e o r ia & W e s t e r n _______
T o le d o St L ou is & W e s t e r n ____
W a b a s h ___________________________
W e s te rn M a r y la n d _______________
W h e e lin g & L a k e E r ie ___________
T o t a l (41 r o a d s ) -----N et increase ( 8 .6 1 % ) .
1907.
1906.
In crea se. D ecrea se.
S
163,624
81,300
899 ,000
247 ,400
3,319
166,400
98,410
30,119
s
160 ,023
85,900
1,0 2 2 ,0 0 0
205 ,600
2,6 5 8
151,243
93,597
32,449
251 ,2 7 3
383,600
22,7 7 8
88,3 9 5
51,117
223 ,912
358 ,000
20,6 6 6
79,4 5 6
44,501
27,361
25,600
2,112
8,939
6,616
768 ,7 5 4
652 ,998
1 15 ,756
50,904
165,000
144,773
61,749
150,425
154,494
13,980
63,947
145,986
4 96 ,627
853 ,000
26,000
186,724
275 ,523
10,510
179,130
,052,319
28,919
344,287
26,314
70,123
482 ,658
101,809
115,852
43,551
113,000
125,912
56,079
846 ,140
149,313
13,931
60,339
217 ,952
335 ,416
7 98 ,000
31,000
160,595
262 ,537
11,877
150 ,288
997 ,505
15,431
250 ,005
24,5 3 3
65,003
476,368
85,2 1 6
99,563
9 ,2 5 6 ,5 4 2
8,5 2 2 ,5 5 7
$
3.601
$
4,600
123,000
41,800
661
15,157
4,8 1 3
2,330
7,3 5 3
f52,000
18,861
5,670
104,285
5,181
49
3,608
1 6 1 ,2 l l
55,000
___
7 1 ,966
_____
5,000
26,129
12,986
1,367
28,842
54,8 1 4
13 488
94,282
1,781
5,120
6,290
16,593
16,289
i 942 ,2 4 8
7 33 ,985
____
208 ,263
______
N e t E a r n in g s M o n t h ly t o L a t e s t D a t e s .— T h e fo llo w in g
s h o w s t h e g r o s s a n d n e t e a r n in g s t o la t e s t d a t e s o f a ll S T E A M
r a ilr o a d s fu r n is h in g m o n t h ly s t a t e m e n t s .
T h e c o m p ila tio n
in c lu d e s e v e r y r o a d fr o m w h ic h w e c a n g e t a r e tu r n o f th is
c h a r a c t e r , a n d in t h a t f o r m is g iv e n o n c e a m o n t h .
E a rly
r e tu r n s a re p u b lis h e d fr o m w e e k t o w e e k , a s s o o n a s is s u e d ,
b u t f o r t h e c o n v e n ie n c e o f o u r r e a d e r s a ll t h e r o a d s m a k in g
r e t u r n s a r e b r o u g h t t o g e t h e r h e r e in t h e w e e k in w h ic h w e
p u b lis h o u r m o n t h ly a r t ic le o n n e t e a r n in g s — s a y a b o u t th e
2 0 th o f th e m o n th .
--------G ross E a rn ’ gs------- --------N et E a rn in g s-------Current
P rev io u s
C u rrent
P rev iou s
Y ea r.
Y ea r.
Y ea r.
Y ea r. *
R oad s.
$
S
S
$ 23
A la G t S o u th — See u n d er S ou th ern R y S y st b e lo w .
A la b a m a T e n n & N o r ___ N o v
3,9 3 4
4,0 6 9
2,2 8 1
2,470
. J u ly 1 t o N o v 3 0 .............
1 8 .024
16.892
1 0 ,300
9,408
A t c h T o p & S F e . b ____ N o v 7 ,9 1 6 ,4 8 3
7 ,1 4 2 ,3 1 6 d 3 ,121 ,274 <72,996,368
J u ly 1 t o N o v 3 0 _______ 3 7 .6 7 2 ,9 6 2 3 2 ,8 6 7 ,2 1 8<215,069,688(712,721,673
A tla n & Chari A ir L i n e . a . O c t
3 73 ,844
378 ,469
134 ,079
138,033
M ch 1 t o O c t 3 1 ............ 2 ,7 4 7 .0 8 3
2 ,6 1 1 ,6 8 6
7 7 2 ,1 7 2
665,567
A tla n B irm & A t la n t ic a . N o v
130 ,121
81,391
4 0 ,6 5 6
11.058
J u ly 1 t o N o v 3 0 _______
6 3 6 ,2 0 5
4 5 0 ,4 6 0
1 8 5 ,7 8 7
132,269
A tla n t ic C oa st L in e . a . . . N o v 2 ,2 5 9 ,3 7 5
2 ,1 1 5 ,7 7 0
6 0 4 ,7 5 7
7 74 ,422
J u ly 1 t o N o v 3 0 ............1 0 ,1 7 8 ,0 3 3
9 ,2 9 7 ,7 0 5
2 ,3 7 7 ,9 7 0
3 ,0 1 4 ,9 9 2
B a ltim o re & O h i o . b _ . . D e c 6,7 2 0 ,0 0 1
6 .4 5 0 ,5 2 0
2 ,3 2 2 .9 1 1
2 ,3 9 8 ,1 2 2
J u ly 1 t o D e c 3 1 _______ 4 1 ,7 7 1 ,1 9 7 3 8 ,6 1 0 ,4 0 8 1 4 ,9 4 3 ,0 9 2 1 4 ,1 8 7 ,7 3 9
B a n g or & A r o o s t o o k .b _ _ N o v
2 87 ,062
188 ,6 2 8
9 7 ,2 2 6
69,557
J u ly 1 t o N o v 3 0 _______ 1 ,2 9 4 ,1 2 6
9 6 9 ,2 0 8
4 7 5 ,0 6 0
391.689
B elle fo n te C en tra l b . . _ D e c
5 ,1 9 7
5,0 8 6
1,637
1,594
Jan 1 t o D e c 3 1 .............
5 7 ,0 6 8
6 0 ,6 3 3
1 2 ,482
18,178
B o s to n R e v e re B ea ch & L y n n .b —
O ct
1 t o D e c 3 1 .............
151 ,3 3 0
139 ,464
1 4 ,4 6 4
12,576
J u ly 1 t o D e c 3 1 . , ____
4 4 9 ,7 7 2
389 ,0 9 2
6 4 ,485
61.9 4 7
Jan
1 t o D e c 3 1 .............
790 .2 0 3
667 ,1 4 5
8 2 ,6 6 4
68,840
B r id g e to n & S a co R l v . b . N o v
3,9 4 7
3,512
1,224
517
Ju ly 1 t o N o v 3 0 .............
22,8 3 3
23,922
8 ,9 4 8
9,260
B u ff R o c h & P i t t s .b _ . _ N o v
7 5 2 ,7 4 8
7 4 4 ,2 9 9
303 ,341
340,364
J u ly 1 t o N o v 3 0 . ........... 3 ,6 1 8 ,5 8 0
3 ,9 4 2 ,0 0 4
1 ,4 6 0 ,0 5 5
1 ,862,317
B u ff & S u s q u e h a n n a -a ..N o v
153 ,9 1 6
1 31 ,926
51.1 6 6
50.213
7 5 1 ,0 4 8
654 ,871
2 76 ,440
246 ,602
J u ly 1 t o N o v 3 0 .............
C a liforn ia N o rth w e s t . a . . N o v
145,369
138 ,625
64,009
54,724
J u ly 1 t o N o v 3 0 .............
8 2 8 ,2 3 2
8 5 6 ,5 3 0
3 96 ,499
4 0 6 ,8 7 3
C a n a d ia n N o r t h e r n .......... N o v
7 4 1 ,7 0 0
5 6 6 ,8 0 0
260 ,4 0 0
225 ,100
J u ly 1 t o N o v 3 0 ............. 3 ,3 7 0 ,9 0 0
2 ,2 5 5 ,4 0 0
1 ,1 8 9 ,2 0 0
847 ,7 0 0
C a n ad ian P a cific a ____ N o v 6 ,2 3 4 ,5 8 3
5 ,7 4 1 ,5 4 3
2 ,2 6 3 ,1 2 3
2 ,361,311
J u ly 1 t o N o v 3 0 ............3 1 ,4 7 2 ,3 7 5 2 5 ,7 6 2 ,7 9 4 1 2 ,3 2 0 ,2 7 2
9 ,8 4 0 ,8 1 6
C en tral o f G e o r g ia .a . . . N o v 1 ,0 5 9 ,6 7 6
1 ,0 4 6 ,8 3 3
251 ,7 7 2
321 ,862
J u ly 1 t o N o v 3 0 ............. 5 ,0 2 2 .3 7 0
4 ,8 5 1 ,8 4 5
1 ,1 8 4 .7 7 4
1 ,5 1 6 ,3 4 5
C en tral o f N J . b ____
D e c 2 ,2 2 9 ,7 4 2
2 ,1 1 8 ,1 9 4
1 ,1 2 1 ,3 5 4
1 ,0 4 3 ,5 1 9
J u ly 1 t o D e c 3 1 ............. 1 3 ,4 2 0 ,7 1 9 1 2 ,8 3 4 ,2 8 5
6 ,5 7 5 ,3 4 6
6 ,4 7 1 ,8 7 3
C h a tta n o o g a S o u t h ’ n . a . D e c
12,254
10,136
d e f.1 ,5 9 6
d e f.1 ,2 8 7
J u ly 1 t o D e c 3 1 _______
7 8 ,8 0 7
6 5 ,7 6 2
d e f.2 ,5 1 7
d e f.9 8
C h esapeak e & O h i o . b . _ N o v 2 ,1 1 1 ,2 3 6
2 ,0 3 3 ,4 8 2
7 9 6 ,7 5 2
812 ,3 9 8
J u ly 1 t o N o v 3 0 _______ 1 0 ,5 3 1 ,7 4 6
9 ,8 1 6 ,3 2 6
3 ,9 9 4 ,4 7 1
3 ,9 1 6 ,8 8 6
C h esterfield & L a n e .b _ _ N o v
4 ,3 2 0
3 .4 0 4
3 ,0 1 5
1,492
J u ly 1 t o N o v 3 0 .............
1 9 ,1 4 4
1 5 ,333
9 ,0 8 8
6,367
C h ica g o & A l t o n . a -------N o v 1 ,0 5 8 .8 4 9
1 ,0 4 3 ,4 0 4
3 09 ,760
307 ,067
J u ly 1 t o N o v 3 0 ----------- 5 ,5 5 7 ,5 0 9
5 ,1 7 3 ,4 6 0
2 ,0 7 9 ,2 7 4
1 ,624,361
C h ic a g o G t W e s t e r n .b . _ N o v
8 3 8 ,4 6 7
7 8 2 ,2 0 5
2 31 ,009
234 ,564
J u ly 1 t o N o v 3 0 ............. 4 ,2 7 7 ,3 7 8
3 ,8 4 6 .1 4 8
1 ,3 8 5 ,2 6 9
1 ,2 7 7 ,6 8 7
C h ic In d & L o u is v i ll e .a .N o v
4 8 7 ,8 7 7
4 9 4 ,2 4 0
148 ,1 4 5
169 ,473
J u ly 1 t o N o v 3 0 ----------- 2 ,6 4 1 ,1 1 5
2 ,6 5 6 ,8 1 7
9 3 4 ,9 0 0
1,021,781
C h ic T e r m T r a n s fe r .b _ _ N o v
154 .8 5 4
145 .868
61,558
5 2 ,749
J u ly 1 t o N o v 3 0 .............
7 3 2 ,8 9 4
7 2 4 ,3 7 8
2 9 1 ,7 4 6
275 ,108
C in N O & T e x P a s— S ee u n d e r S o u th e rn R y S y s te m b e lo w .
C o lo r a d o M id la n d .a ____ N o v
2 20 .657
1 9 9 ,5 0 6
6 2 ,2 3 6
7 2 ,1 2 8
J u ly 1 t o N o v 3 0 ............. 1 ,1 0 0 ,4 0 8
9 1 7 ,9 4 5
3 1 9 ,9 0 4
242 ,4 1 0
C o lo r a d o & S o u t h ’ n . a _ . N o v 1 ,1 5 8 ,5 0 3
1 .063,681
3 2 8 ,4 5 8
353 ,704
J u ly 1 t o N o v 3 0 ............. 5 ,5 8 2 ,9 7 2
4 ,9 6 4 ,7 0 7
1 ,6 9 9 ,3 0 5
1 ,6 1 2 ,6 0 1
C olu m N e w b & L a u . a . - N o v
27,4 8 2
2 6 ,005
4 ,8 6 6
6,77
J u ly 1 t o N o v 3 0 _______
1 26 ,638
116 ,933
2 6 ,6 0 3
31 ,4 0
215
THE CHRONICLE.
J a n . 26 1907.J
R oa d s.
C o p p e r R a n g e .a _________ O ct
J u ly 1 t o O ct 3 1 _______
C o r n w a ll, a ______________N o v
J u ly 1 t o N o v 3 0 _______
--------Gross E a rn 'g s C u rren t
P r e v io u s
Y ea r.
Y ea r.
$
67,162
6 2,679
2 81 ,279
236 ,150
15,1 9 4
16,993
9 3 ,872
7 7 ,2 2 8
-N e t E a rn in g ------C u rren t
P rev io u s
Y ear.
Y ea r.
2 4,6 5 9
1 23 ,8 6 0
8 ,2 5 4
4 2 ,2 2 4
2 6 ,7 5 0
1 1 2 ,5 8 6
8 ,1 7 6
3 8 ,4 3 8
38,074
1 7,3 5 0
C orn w all & L e b a n o n . b_ N o v
3 8 ,652
19,757
J u ly 1 t o N o v 3 0 _______
209 ,948
191 ,038
112,601
1 08 ,459
7 2 0 ,9 6 0
D e n v e r & R i o G r a n d e .b .N o v 1 ,8 6 8 ,4 0 9
7 2 1 ,8 4 1
1 ,7 5 7 ,4 2 5
3 ,6 3 2 ,9 1 4
3 ,4 6 8 ,1 0 2
J u ly 1 t o N o v 3 0 _______ 9 ,0 8 1 ,8 8 8
8 ,5 3 5 ,5 0 8
D e tr o it & M a c k i n a c .a .. N o v
103,203
18,051
25,481
9 6 ,1 8 6
10 7 ,2 7 9
9 4 ,9 5 0
J u ly 1 t o N o v 3 0 _______
5 25 ,690
4 4 5 ,0 9 0
10,637
D ul R L & W i n n . b ______N o v
28,459
9,902
2 3 ,2 0 3
141 ,644
8 4 ,274
41,669
J u ly 1 t o N o v 3 0 _______
50,039
8 3 ,0 3 5
D u lu th S o Sh & A t l . b - . N o v
255,581
249 ,2 4 2
7 2 ,398
1 ,3 3 9 ,4 5 4
47 9 ,9 4 6
J u ly 1 t o N o v 3 0 _______ 1 ,4 4 2 ,1 0 4
5 0 0 ,2 7 8
E r i e .a ____________________ NOV 4 ,6 3 6 ,2 3 5
1 ,4 1 8 ,8 1 6
1,3 2 0 ,2 4 5
4 ,4 1 1 ,2 2 0
J u ly 1 t o N o v 3 0 _______ 2 2,8 3 0 ,6 8 1 2 1 ,6 2 1 ,5 1 9
7 ,0 4 3 ,6 6 8
6,7 1 4 ,2 0 1
386
944
F a irch ild & N o r t h e ’n . b . D e c
1,429
2 ,469
12,992
3 ,3 6 8
d e f .l ,737
J u ly 1 t o D e c 3 1 _______
8 ,8 9 0
F o n d a J o h n s to w n & G lo ve rs54,251
5 1 ,7 8 7
22,939
v i l l e . a ________________ D e c
23 ,174
388 ,9 3 6
J u ly 1 t o D e c 3 1 _______
418 ,911
210 ,412
1 9 4 ,0 8 5
7 7 ,0 3 4
9 0 ,0 7 6
G e o rg ia R R . a ___________ N o v
277 ,4 3 2
250 ,2 2 8
3 1 5 ,1 2 4
4 2 0 ,9 3 3
J u ly 1 t o N o v 3 0 _______ 1,2 7 9 ,1 0 1
1 ,2 0 3 ,6 7 6
G a S o u th & F la — S ee u n d e r S o u th e r n R y S y s te m b e lo w .
G ra n d T r u n k o f C a n a d a —
G ra n d T r u n k R y ______N o v 2,9 1 9 ,9 0 0
2 ,6 4 3 ,4 8 2
823 ,4 1 2
7 7 0 ,3 6 7
J u ly 1 t o N o v 3 0 -----------14,6 0 0 ,4 7 2 13,3 4 1 ,9 9 3
4 ,4 3 0 ,4 6 1
4 ,1 4 5 ,7 7 0
G ra n d T r u n k W e s t — N o v
510 ,9 8 2
4 7 3 ,9 9 7
108 ,523
106,090
2 ,3 9 8 ,6 9 6
J u ly 1 t o N o v 3 0 _______ 2 ,6 1 6 ,7 1 7
4 3 6 ,0 3 9
4 0 0 .5 1 3
137 ,235
D e t Gr H a v & M i l w .- N o v
137,235
3 1 ,1 4 5
30,6 5 9
671 ,576
J u ly 1 t o N o v 3 0 _______
779 ,125
2 2 9 ,6 9 7
1 9 6 ,6 0 6
190 ,767
3 1 ,1 4 6
1 91 ,740
13,140
C a n ada A t l a n t i c ______N o v
929 ,501
145 ,021
J u ly 1 t o N o v 3 0 _______
9 59 ,186
2 61 ,818
G u lf & S h ip I s l a n d .a _ .N o v
202 ,1 9 4
192 ,5 7 3
55,6 4 5
7 9 ,0 4 8
J u ly 1 t o N o v 3 0 _______
9 7 5 ,4 1 3
8 16 ,386
2 1 2 ,9 7 7
265 ,5 1 8
5 87 ,995
22 7 ,0 7 6
H o c k in g V a l l e y . a _______ N o v
5 64 ,082
184 ,6 8 5
1 ,1 2 2 .3 1 5
J u ly 1 t o N o v 3 0 _______ 2 .9 9 7 ,5 2 5
2 ,8 5 7 ,7 3 1
1 ,0 8 1 ,5 3 7
Illin ois C e n t r a l.a ________ N o v 4 ,6 3 0 ,8 9 7
4 ,5 8 8 ,6 2 2
1 ,3 4 2 ,1 8 8
1 ,6 1 3 ,7 4 3
J u ly 1 t o N o v 3 0 _______ 2 2 ,9 8 3 ,6 0 8 2 00,6
5 ,9 9 2 ,4 7 2
,66 4 ,6 5 77
6 ,3 8 5 ,9 8 7
In te r o ce a n lc o f M e x i c o . .N o v
618 ,146
43 9 ,1 5 5
135 ,555
1 2 1 ,4 0 9
Ju ly 1 t o N o v 3 0 _______ 2 ,8 3 3 ,8 4 0
2 ,4 2 1 ,6 9 7
633 ,318
6 15 ,253
I o w a C e n tr a l.a __________N o v
276 ,579
7890,935
2 7 0 ,5 2 0
ft82,435
1 ,2 5 1 ,1 7 0
7j420,687
J u ly 1 t o N o v 3 0 _______ 1 ,3 4 8 ,6 3 9
71315,239
K a n a w h a & M ic h i g a n .a .N o v
195 ,774
180 ,442
5 0 ,7 3 7
50,0 0 5
J u ly 1 t o N o v 3 0 _______
9 8 8 ,9 9 5
9 0 5 ,9 0 7
251 ,0 7 7
256 ,107
K an sas C ity S o u t h e r n .a .D e c
7 8 3 ,1 9 8
65 5 ,5 5 3
335 ,861
1 9 8 ,6 3 3
J u ly 1 t o D e c 3 0 _______ 4 ,3 8 9 ,7 7 2
8 4 9 ,1 5 5
3 ,6 1 3 ,1 7 9
1 ,6 3 6 ,1 3 8
3 ,0 7 4 ,5 5 6 01,1 6 7 ,6 8 2 01,2 5 6 .9 0 3
L eh igh V a l l e y . b ________ N o v 2 ,9 4 3 ,0 0 9
J u ly 1 to N o v 3 0 _______ 1 5 ,5 5 2 ,7 1 3 1 4 ,5 6 3 ,5 8 8 06,6 4 2 .0 5 2 0 6,090,328
L e x in g to n & E a s te r n , b . N o v
43,3 1 4
40,6 8 3
17,089
17,7 7 6
J u ly 1 t o N o v 3 0 _______
237 ,988
220 ,8 7 6
97,801
8 3 ,0 i a
I n c . 79,0 6 4
L o n g I s la n d , b ___________ N o v
I n c . 5 3 ,2 6 6
I n c . 531 ,7 8 5
J u ly 1 t o N o v 3 0 _______
I n c .308 ,179
L o u isia n a & A r k a n s a s , a . N o v
8 8 ,5 9 3
76,151
19,8 1 3
26,7 0 6
J u ly 1 t o N o v 3 0 _______
5 0 7 ,6 3 4
3 8 0 ,3 2 9
1 5 5 ,8 6 7
1 47 ,495
L o u is v ille & N a s h v ille .b N o v 4 ,1 1 8 ,8 8 7
3 ,6 5 1 ,8 0 5i 1 ,1 6 4 ,6 2 6
1 ,0 9 3 ,0 0 1
J u ly 1 t o N o v 3 0 _______ 1 9 ,8 3 9 ,4 5 6
1 7 ,4 8 9 ,3 5 7 5 ,4 4 0 ,9 0 5
5 ,1 1 7 ,5 3 1
M anistee & N o rth e a s t. b _ _ O c t
2 6 ,0 9 8
26,195i
4 ,6 2 9
6,0 1 3
Jan 1 t o O ct 3 1 ----------365 ,7 4 7
3 6 1 ,8 2 4
137,541
1 15 ,8 2 8
M a n is t iq u e .b ____________ D e c
4 ,4 4 8
5,067 d e f.3 ,9 0 7
d e f.7 ,2 2 2
Jan 1 t o D e c 3 1 _______
9 6 ,4 3 8
9 2 ,6 7 91
18,631
9 ,2 9 7
M a ry la n d & P e n n a . a . . D e c
26,5 9 9
27,7 2 3
7,2 4 2
9 ,2 7 7
J u ly 1 t o D e c 3 1 ----------1 8 8 ,2 4 3
1 9 4 ,1 9 01
68,1 4 6
7 1 ,9 5 4
M ex ica n I n t e r n a t io n a l..N o v
6 5 1 ,7 5 4
5 8 3 ,9 1 0i
2 1 4 ,2 3 8
2 9 2 ,6 2 7
J u ly 1 t o N o v 3 0 _______ 3 ,2 2 8 ,7 3 7
2 ,6 5 4 ,8 4 9i 1 ,0 5 8 ,0 8 2
1 ,1 5 0 ,8 6 3
67,0 2 2
65,119i
M ineral R a n g e .b ________ N o v
2 0 ,1 5 7
16,428
J u ly 1 t o N o v 3 0 .............
333 ,1 6 1
3 2 5 ,3 8 3I
97,6 5 6
7 1 ,4 7 4
M in neap & St L o u l s . a . . N o v
3 15 ,651
3 4 1 ,9 4 91
f c l0 6 ,405
£14 3 ,6 9 3
J u ly 1 t o N o v 3 0 _______ 1,6 5 9 ,9 7 1
1 ,7 1 2 ,7 9 0)
fc751,871
fc635,908
M inn St P & S S M . b . . . N o v 1 .0 9 9 ,8 6 6
1 ,1 4 9 ,6 4 9i
5 14 ,414
687 ,874
5 ,2 1 7 ,9 7 7' 3 ,0 2 4 ,5 7 3
J u ly 1 t o N o v 3 0 _______ 5 ,8 8 0 ,0 3 7
3 ,0 0 7 ,1 5 8
M o . K a n s & T e x a s .a ___ N o v 2 ,4 6 7 ,0 8 4
2 ,0 9 9 ,9 4 8i 1 ,0 4 0 ,1 9 2
7 44 ,909
J u ly 1 t o N o v 3 0 _______ 1 1 .0 1 7 ,5 8 1
9 ,4 6 0 ,7 2 6i 4 ,1 8 7 ,9 4 2
2 ,9 1 1 ,4 3 2
M issouri P a c S y s t e m .b .N o v 4 ,0 9 9 ,6 6 3
3 ,8 0 5 ,4 6 91 1 ,3 2 5 ,9 0 2
1 ,2 2 7 ,1 0 7
J u ly 1 t o N o v 3 0 _______ 2 0 ,5 8 5 ,5 5 4 1 8 ,8 3 2 ,3 5 1. 6 ,8 9 4 ,4 3 4
6 ,3 9 9 ,9 1 8
b e lo w . =i
N a s h v C h a tt & S t L _ b ._ N o v
9 1 3 ,2 2 7
90 4 ,1 6 0)
186,625
2 0 1 ,5 8 9
J u ly 1 t o N o v 3 0 . ........... 4 .7 1 3 ,8 8 3
4 ,3 6 6 ,9 7 4I
9 9 2 ,5 5 6
1 .0 1 2 ,3 1 4
N a tio n a l R R o f M e x i c o .N o v 1 ,2 2 0 ,1 5 4
1 ,0 8 5 ,4 0 5)
4 5 5 ,0 5 5
4 0 5 ,5 6 5
J u ly 1 t o N o v 3 0 _______ 6 ,0 7 9 ,9 5 8
5 ,3 4 8 ,3 7 7
2 ,1 9 9 ,3 9 8
1 ,9 4 4 ,3 9 9
78 ,1 5 9
H id a lg o & N o r t h e a s t .N o v
2 2 ,302
4 1 9 ,9 9 8
J u ly 1 t o N o v 3 0 _______
________
1 26 ,753
N e v Cal & O r e g o n .a ___ N o v
2 6 ,1 9 5
)
17,102
10,292
J u ly 1 t o N o v 3 0 _______
1 3 6 ,1 1 7
5 7 ,7 4 5
116,510)
87,3 2 8
N e v a d a C e n tr a l, b ----------- N o v
4,2 0 1
4 ,3 8 7
841
2,633
J u ly 1 t o N o v 3 0 _______
32 ,2 1 3
21,556
8 ,8 2 7
11,931
N Y Ont & Western.a..Nov
6 39 ,174
172 ,2 3 2
6 20 ,628I
170,387
J u ly 1 t o N o v 3 0 _______ 3 .7 0 1 ,5 7 3
3 .4 3 0 .4 9 7
1 ,3 0 6 ,6 3 0
1 ,0 60,41S>
N Y S u sq & W e s t e r n .a . N o v
2 20 ,842
5 0 ,6 5 4
2 36 ,771
7 8,071
J u ly 1 t o N o v 3 0 _______ 1 ,2 2 9 .3 4 6
1 .1 8 1 .4 9 8i
364 ,4 8 6
372 ,8 0 3
N o r fo lk & W e s t e r n . b . . N o v 2 ,5 6 3 ,6 4 0
t
9 2 4 ,4 8 4
9 4 2 ,7 0 9
J u ly 1 t o N o v 3 0 _______ 1 2 ,6 4 2 ,5 6 9 1 1 ,6 1 2 ,6 3 5> 4 ,7 6 1 ,9 9 4
4 ,6 4 8 ,5 0 4
N o rth e rn C e n t r a l .b ____ N o v 1 ,0 5 8 ,9 3 7
9 65 ,637 '
259 ,961
226 ,461
Jan 1 t o N o v 3 0 _______ 1 0 .7 4 4 ,6 0 8
5 2 ,5 8 1 ,4 3 9
1 ,9 4 1 ,6 3 9
P e n n s y lv a n ia — L in es d ir e c t ly o p e r a te d —
E a st o f P itts & E r i e . - N o v l 3 , 121 ,717 1 2 ,5 1 6 ,3 1 7' 4 ,3 5 3 ,9 1 4
4 ,2 4 9 ,4 1 4
Jan 1 t o N o v 3 0 _______ 1 3 5 ,2 1 4 .2 7 3 121951
! 4 2 ,4 8 2 ,2 0 2 3 6 ,9 5 9 ,8 0 2
W e s t o f P itts & E r i e .- N o v
In c
531 ,8 0 0
D ec
107 ,2 0 0
Jan 1 t o N o v 3 0 _______
I n c 8 ,1 2 3 ,7 0 0
I n c 2 ,4 9 0 ,8 0 0
P h ila B a lto & W a s h . b . . N o v 1
1,4
,4 1 5 ,0 5 9
1 ,3 0 2 ,6 5 9
4 8 0 ,4 4 9
429 ,5 4 9
J an 1 t o N o v
_____ 1 4 ,6 1 7 ,2 4 6 1 3 ,4 5 2 ,7 4 6
4 ,2 4 2 ,1 7 1
3 ,771,071
.N o vv
P h lla & E r l e .b __________N
8 4 3 ,4 3 9
8 1 8 ,9 0 8
2 3 9 ,0 0 0
2 87 ,879
7 ,5 8 4 ,3 8 4
7 .7 0 3 ,4 0 7
2 ,2 6 1 ,5 7 2
2 ,1 0 2 ,0 2 9
- D e c 2 ,5 5 6 ,2 5 5
2 ,4 5 6 ,3 7 4
6 1 0 ,4 7 6
7 8 5 ,6 5 7
------ 2 9 ,4 9 0 ,5 8 4 2 6 ,7 4 8 ,1 3 7
6 ,9 2 5 ,3 4 1
7 ,4 5 4 ,5 1 9
R a le ig h & S o u t h p o r t . a -. N o v
9,0 7 1
5,363
3,6 6 5
2,629
J u ly 1 t o N o v 3 0 _______
2 5 ,253
3 7 ,0 8 7
9,801
9 ,6 8 3
..........
R e a d in g C o m p a n y - N o v 3 ,6 4 3 ,3 6 4
3 ,6 1 8 ,9 6 0
1 ,5 5 2 ,8 5 0
1 ,4 6 9 ,5 3 3
-------- 1 7 ,5 2 7 ,4 6 9 1 7 ,4 0 8 ,7 1 4
6 ,9 6 9 ,4 7 8
7 ,5 1 1 ,0 2 2
. N o v 3 ,7 8 1 ,5 3 6
4 ,2 3 9 ,2 3 0
238 ,3 6 3
3 6 3 ,8 5 8
1 4,024.017 1 4 ,6 7 8 ,2 5 9
9 3 0 ,5 0 7
5 4 8 ,7 0 4
7 ,8 5 8 ,1 9 0
- N o v 7 ,4 2 4 ,9 0 0
1 ,9 1 6 ,7 0 8
1 ,7 0 7 ,8 9 6
J u ly 1 t o N o v 30 _____ 3 1 ,5 5 1 ,4 8 6 3 2 ,0 8 6 .9 7 3
8 ,4 4 1 ,5 2 9
7 ,5 1 8 ,1 8 2
R e a d in g C o m p a n y ___. N o vv
126 ,507
132 ,226
J u ly 1 t o N o v 3 0 _______
_____
________
5 99 ,1 4 7
6 5 4 ,2 1 0
T o ta l all c o ’s __________N
- N oovv
2 ,0 4 3 ,2 1 5
1 ,8 4 0 ,1 2 2
________
________
J u ly 1 t o N o v 3 0 ______
9 ,0 4 0 .6 7 6
8 ,1 7 2 ,3 9 2
126,724
R ic h F red & P o t o m a c . .S
-S e p t
119 ,9 1 5
26,634
4 2 ,4 2 2
J u ly 1 t o S ep t 3 0 _______
41 4 ,3 9 7
-------38 0 ,4 0 5
1 2 7 ,23ft
109 ,3 7 0
216
THE CHRONICLE.
------ Gross E a r n ’ gs-------- -------N et E a rn in g s ------C u rren t
P r e v io u s
C u rren t
P rev io u s
Y ea r.
Y ea r.
Y ea r.
Y ea r.
R oads.
$
$
$
$
R i o G ra n d e J e t _________ O ct
79,8 9 7
6 3 ,894
n 2 3 ,9 6 9
W19.168
bah D e c 1 t o O ct 3 1 _______
rcl9 6 ,0 3 4
n l 64,306
653 ,483
5 4 7 ,6 9 3
R i o G ra n d e S o u t h e r n . b . N o v
2 6,3 7 5
55 ,492
5 1 ,9 0 4
19,586
J u ly 1 t o N o v 3 6 _______
265 ,802
114 ,509
2 42 ,5 5 0
1 02 ,318
R o c k Isla n d S y s t . a ____ N o v 5 ,0 7 1 ,1 9 3
1 6 68,201
4 ,5 5 3 ,4 3 8
1 ,4 8 6 ,5 8 0
J u ly 1 t o N o v 3 0 ...........-2 4 ,7 9 7 ,8 8 7 2 2 ,4 6 8 ,5 1 6
8 ,3 0 1 ,2 1 0
7,0 8 1 ,0 9 9
1 ,495,841
St L o u is & S an F r a n .a N o v 4 ,1 3 6 ,9 2 2
3 ,8 5 2 ,2 8 8
1 ,3 6 4 ,6 4 2
6 ,9 9 6 ,9 4 7
J u ly 1 t o N o v 3 0 _______ 20,0 1 8 364 1 7 ,8 2 3 ,8 7 5
6 .0 3 9 .9 6 0
E v a n s v & T erre H . a . N o v
201 ,0 8 0
94 ,023
191 ,310
90,738
J u ly 1 t o N o v 3 0 _______ 1 ,0 0 9 ,9 5 9
9 6 8 ,7 2 4
4 76 ,7 4 8
4 60 ,384
T o ta l o f a ll l in e s - a ___ N o v 9 ,4 0 9 ,1 9 5
3 ,2 5 8 ,0 6 5
8 ,5 9 7 ,0 3 6
2.9 4 1 .9 6 0
J u ly 1 t o N o v 3 0 _______ 4 5 ,8 2 6 ,2 1 0 4 1 ,2 6 1 ,1 1 5 1 5 ,7 7 4 ,9 0 5 1 3 ,5 8 1 ,4 4 3
45,332
S t J osep h & G r I s la n d .b N o v
126 ,2 7 5
123 ,981
40,602
J u ly 1 t o N o v 3 0 _______
7 3 1 ,5 7 5
66 5 ,9 3 2
289 ,0 2 5
236,455
8 2 0 ,4 3 9
337 ,5 2 2
S t L o u is S o u th w e s te r n . b N o v
9 4 5 ,3 8 8
274 ,806
J u ly 1 t o N o v 3 0 _______ 4 ,3 6 2 ,1 2 8
3 ,7 6 6 ,0 6 7
1 ,5 5 0 ,6 6 8
1 ,061,981
S e a b o a r d A ir L i n e . a ___ N o v 1 ,3 8 8 ,0 3 3
1 ,2 8 2 ,5 5 9
3 1 1 ,0 7 9
397,640
5 ,9 9 8 ,0 8 6
J u ly 1 t o N o v 3 0 _______ 6 ,3 2 1 ,6 1 5
1 ,'014,361
1 ,774,096
143 ,720
S ou th ern I n d i a n a .b ____ N o v
125 ,2 2 7
56,531
49,484
J u ly 1 t o N o v 3 0 _______
694,431
6 0 6 ,5 1 6
296 ,0 2 7
248,761
S o u th e r n P a c l f lc .a ______N o v 1 1 ,2 2 4 ,8 1 8
9 ,6 1 8 ,7 9 9
4 ,8 3 5 ,7 0 9
3 ,6 1 5 ,9 9 5
J u ly 1 t o N o v 3 0 _______ 5 0 ,8 1 0 ,4 8 2 44,6741005 2 0 ,1 0 9 ,5 6 1 1 5 ,9 7 6 ,9 2 4
S o u th e r n R a ilw a y S y s te m —
S ou th ern R y . a _______ N o v 4 ,7 2 4 ,4 4 3
4 ,5 9 7 ,8 3 8
1 ,1 1 9 ,2 5 5
1 ,3 7 1 ,0 3 5
J u ly 1 t o N o v 3 0 .............2 3 ,4 3 0 ,2 8 7 2 2 ,0 0 1 ,8 4 7
5 ,8 7 5 ,6 0 0
6 ,5 9 5 ,3 7 8
M o b ile & O h i o . a ______N o v
8 4 4 ,9 3 4
2 7 6 ,4 0 4
840 ,5 5 9
327 ,670
J u ly 1 t o N o v 3 0 _______ 4 ,1 8 9 ,4 0 9
1 ,3 1 6 ,2 7 9
1 ,2 0 3 ,2 2 5
3 ,7 3 7 ,9 5 2
C ln N O & T e x P a c . a . N o v
7 0 3 ,1 0 0
672 ,7 8 3
123 ,888
149,789
67 7 ,2 4 4
J u ly 1 t o N o v 3 0 _______ 3 ,6 1 9 ,4 5 0
3 ,3 5 6 ,3 1 6
798 ,623
51,8 5 5
33 7 ,0 0 9
A la G rea t S o u t h e r n , a . N o v
327 ,619
75,8 3 8
J u ly 1 t o N o v 3 0 _______ 1 ,6 6 3 ,9 2 9
1 ,5 3 1 ,5 5 1
318 ,9 6 3
315 ,202
15,541
G e o rg ia S ou & F l a , a . . N o v
184,599
160,791
47 ,167
89 3 ,9 3 5
77 0 ,5 6 3
144 ,9 4 2
206 ,938
J u ly 1 t o N o v 3 0 _______
123,741
105 ,047
64,7 9 4
T e x a s C e n t r a l.a __________D e c
52,737
609 ,2 3 3
5 1 9 ,8 3 2
J u ly 1 t o D e c 3 1 _______
30 9 ,5 5 6
219 ,466
7 ,6 0 5
534
T id e w a te r & W e s t e r n , b .S e p t
6,357
1,898
22,446
J u ly 1 t o S e p t 3 0 _______
21,099
3,109
5,0 0 6
3 6 5 ,2 7 6
T o l & O h io C e n t r a l.a ___ N o v
399 ,2 8 4
125,571
78,621
1 ,8 7 1 ,4 2 0
J u ly 1 t o N o v 3 0 _______ 2 ,1 4 3 ,1 8 2
7 6 6 ,4 3 6
5 50 ,842
1 1 6 ,9 4 7
26,212
T o l P e o r ia & W e s t . . b . D e c
1 0 8 ,4 3 7
24,540
150 ,043
J u ly I t o D e c 3 1 _______
6 4 7 ,9 6 8
6 8 9 ,2 8 1
163 ,213
36 7 ,3 9 4
T o l S t L & W e s t e r n ____ N o v
34 4 ,5 4 8
/9 8 .0 7 5
;T96,199
1,8 1 6 ,1 0 2
J u ly 1 t o N o v 3 0 _______ 1 ,7 7 6 ,5 9 4
/4 7 2 .2 4 0
/4 3 9 ,9 6 3
1,434
T o m b ig b e e V a lle y C o ___ N o v
4,8 4 9
4,1 1 7
1,910
U n io n P a c i f i c . a __________N o v 6 ,6 4 6 ,5 9 6
6 ,1 0 9 ,5 3 5
3 ,2 3 8 ,6 4 4
2 ,8 3 3 ,0 2 9
J u ly 1 t o N o v 3 0 ............. 3 2 ,6 0 7 ,2 1 5 3 0 ,2 4 1 ,
1 5 ,9 6 8 ,0 7 8 1 4 ,5 7 2 ,6 9 8
V ir g in ia & S o u t h w - b . . _ N o v
7 6 ,8 2 8
77,6 9 1
16,335
31,709
9 2 ,0 1 4
J u ly 1 t o N o v 3 0 . ...........
4 2 0 ,7 5 4
4 0 2 ,2 4 5
155,779
2 ,0 6 0 ,9 8 1
5 67 ,8 6 7
W a b a s h . b ............................N o v 2 ,2 1 9 ,1 0 1
67 5 ,5 1 9
J u ly 1 t o N o v 3 0 ............. 1 2 ,0 0 2 ,0 8 7 1 0 ,6 2 6 ,8 0 6
3 ,9 0 0 ,6 5 5
3 ,5 3 1 ,9 1 1
d e f 3 9 ,790
W e s t Jersey & S ea S h . b . N o v
3 3 1 ,0 6 3
2 9 0 ,0 6 3
2 9 ,510
1 ,3 6 6 ,8 0 5
J a n 1 t o N o v 3 0 _______ 4 ,9 2 4 ,0 8 4 4 ,3 8 3 ,7 8 4
1 ,2 9 4 ,0 0 5
4 3 7 ,6 5 1
3 4 7 ,8 4 8
W e s te rn M a r y l a n d .a ___ N o v
2/125,407
2/95,027
1 ,9 4 9 ,9 3 6
i/749,329
J u ly 1 t o N o v 3 0 _______ 2 ,2 9 4 ,6 8 0
i/58 8,18 8
5 0 2 ,7 0 6
W h e e lin g & L a k e E r i e .b N o v
5 3 0 ,9 4 4
2 09 ,255
1 58 ,140
2 ,4 3 8 ,4 9 7
1 ,0 1 9 ,4 5 0
J u ly 1 t o N o v 3 0 _______ 2 ,6 3 0 ,7 2 5
686,791
1 1 ,402
12,890
3,174
W 'm s p o r t & N o B r c h . a . N o v
1,755
7
4
,2
1
0
80,511
24,6
2
7
J u ly 1 t o N o v 3 0 _______
2 9 ,812
609 ,201
215 ,9 3 2
W is c o n s in C e n tr a l, b ____ N o v
6 0 2 ,9 7 6
237 ,5 3 6
3 ,0 9 4 ,3 4 2
1 ,2 0 4 ,4 2 3
1 ,1 9 7 ,2 6 9
J u ly 1 t o N o v 3 0 _______ 3 ,2 1 1 ,9 8 2
W r i g h t s v & T e n n l l l e .b ._ N o v
x 2 1 ,154
s l 8 ,827
4 ,9 6 2
5 ,6 3 8
591 ,525
3 5 ,6 8 6
36,0 8 5
599,360
J u ly 1 t o N o v 3 0 _______
8 99 ,200
8 9 6 ,9 9 8
2 3 9 ,0 0 5
Y a z o o & M iss V a l l e y . a . . N o v
2 22 ,157
2 ,9 5 9 ,8 7 8
2 26 ,262 d e f.1 9 ,1 3 7
J u ly 1 t o N o v 3 0 ............. 3 ,6 3 0 ,4 5 6
,
l : a N et earnings here g iv e n are a ft e r d e d u c tin g t a x e s ,
b N et earn in gs here g iv e n are b e fo r e d e d u c tin g ta x e s ,
d T h e c o m p a n y n ow in clu d es earn in gs o f th e D e n v e r , E n id & G u lf R R .,
P e c o s V a lle y sy stem an d S a n ta F e P r e s c o tt & P h o e n ix R y . In b o t h years.
F o r N o v e m b e r ta x e s a n d ren tals a m o u n te d t o 1 2 1 6 ,4 6 3 , a gain st $ 2 2 4,10 8
In 1 90 5, a fte r d e d u ctin g w h ic h , net f o r N o v e m b e r 1906 w a s $ 2 ,9 0 4 ,8 1 1 ,
a ga in st $ 2 ,7 7 2 ,2 6 0 last y e a r .
F r o m J u ly 1 t o N o v . 30 1906 ta x e s a n d r e n t
als w e re $ 1 ,0 5 2 ,4 3 1 , a g ain st $99 7 ,5 4 5 last y e a r.
/ F o r N o v . 1906 a d d itio n a l in c o m e w as $ 5 ,1 5 3 , a g a in st $407 in 190 5,
a n d fro m J u ly 1 t o N o v . 30 1906 w as $ 7 ,0 2 4 , a g a in st $5,3 0 7 last y e a r.
h F o r N o v . 1906 a d d itio n a l In com e w as $ 3 ,4 1 1 , a ga in st $2,5 7 8 in 1905,
a n d fro m J u ly 1 t o N o v . 30 w as $ 2 3 ,8 0 6 In 1 90 6, a g a in st $18 ,8 2 7 in 1905.
k F o r N o v . 1906 a d d itio n a l in c o m e w as $ 2 1 ,6 8 6 , a g a in s t $ 14 ,943 in 1905,
a n d fro m J u ly 1 t o N o v . 30 w as $1 1 0 ,4 1 2 in 190 6, a ga in st $69 ,0 8 4 in 1905.
n T h ese figu res rep resen t 3 0 % o f g ro ss ea rn in gs.
o In c lu d in g o th e r In com e , to ta l In com e (e x c lu s iv e o f resu lts o f c o a l c o m
pan ies) fo r N o v e m b e r is $ 1 ,2 8 7 ,5 4 0 in 1 90 6, a g a in st $ 1 ,2 8 0 ,6 4 7 in 1905, and
fo r p e r io d fro m J u ly 1 t o N o v . 30 is $ 7 ,1 9 6 ,7 0 0 in 1 9 0 6 , a g a in st $6,3 6 2 ,0 7 7
in 1905.
D e d u c tio n s fr o m to ta l in c o m e fo r a d d itio n s a n d im p ro v e m e n ts
w e re $ 2 1 0,62 9 in N o v e m b e r 1 9 0 6 ,'a ga in st $ 1 7 8 ,5 4 4 in 190 5, a n d fr o m J u ly
1 t o N o v . 30 w ere $ 9 1 4 ,0 2 0 In 190 6, a g ain st $53 7,47 1 last y e a r.
s In clu d es $502 o th e r in c o m e fo r N o v . 1 90 6, a g ain st $473 in 190 5, and
$2,4 6 3 fro m J u ly 1 t o N o v . 30 190 6, a g ain st $2,181 la s t y e a r .
V F o r N o v e m b e r a d d itio n a l In com e a n d n e t p r o fit s fr o m c o a l, & c ., w ere
$ 5 9 ,8 2 0 th is y e a r , a gain st $ 7 7 ,2 2 0 last y e a r , a n d fr o m J u ly 1 t o N o v e m b e r
30 w ere $22 4,58 7 th is y e a r , a g a in s t $ 2 9 2,66 8 la s t y e a r .
Interest Charges and Surplus.— The follow ing roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, & c., with the surplus
above or deficit below these charges:
— I n t ., R en ta ls, & c .—
— B a l. o f N et E 'n g s .—
C u rren t
P r e v io u s
C u rrent
P rev io u s
Y ea r.
Y ea r.
Y ea r.
Y ea r.
$
$
$
R oad s.
$
2 1 ,7 2 9
d e f.5 ,5 7 3
16,631
18,927
A t la n t ic BIrm & A t la n t a .N o v
49,9
74
12 2 ,2 8 8
82,2 9 5
63 .499
J u ly 1 t o N o v 3 0 _______
17,293
52,2 6 4
6 5 ,0 5 6
3 2 ,1 7 0
B a n gor & A ro o sto o k . .
14 6 ,7 4 4
244 ,9 4 5
326 ,8 8 8
148 ,172
J u ly 1 t o N o v 3 0 . .
1,264
330
300
1,337
B elle fo n te C e n t r a l -------- D e c
14,218
3,9 6 0
3 ,6 0 0
8,8 8 2
Jan 1 t o D ec 3 1 . .
B os R e v e r e B ch & L y n n —
15,067
2:1,448
14,942
2:3,344
O ct
1 t o D e c 3 1 _______
2:42,127
3 1,3 3 7
3 0,6 8 0
2:43,994
J u ly 1 t o D e c 3 1 ----------2:26,932
6 0 ,415
6 2,8 4 9
2:37,888
Jan
1 t o D e c 3 1 _______
d e f. 26
543
543
681
B r id g e to n & S a c o R i v e r . N o v
6,545
2 ,7 1 5
2 ,7 1 5
6,233
J u ly 1 t o N o v 3 0 . .
2 6 ,7 1 6
2 8 ,3 2 4
2 8 ,0 0 8
35,685
C a liforn ia N o rth w e s te r n . .N o v
266,991
139 ,882
255 ,5 8 2
140 ,917
J u ly 1 t o N o v 3 0 - 3 2 9 ,4 4 8
5 3 1 ,2 3 6
0514,071
C en tral o f N J --------------- D e c 659 0,11 8
2 ,8 6 3 ,7 0 3
3 ,0 5 9 ,7 1 0
J u ly 1 t o D e c 31 - . -.0 3 ,5 1 5 ,6 3 6 0 3 ,6 0 8 ,1 7 0
6 4 ,057
C l7 0 ,507
55,529
C h ic a g o G rea t W e s t e r n . N o v c l 7 5 ,480
4 2 2 ,2 3 8
C875.294
C855.449
5 0 9 ,9 7 5
J u ly 1 t o N o v 3 0 . .
18,313
8,4 3 7
16,222
8,4 3 7
C o p p e r R a n g e _________ O ct
78,837
33,7 4 9
3 3 ,749
90,111
J u ly 1 t o O c t 31 —
1 5 ,5 8 8
3,5 2 7
4,1 6 9
1 3 ,823
C orn w all & L e b a n o n ------- N o v
9 1 ,7 7 8
20,823
8 8 ,7 7 3
19,6 8 6
J u ly 1 t o N o v 3 0 - -
[ V (XL. LXXX1V.
— I n t ., R en ta ls, & c.
C u rrent
P rev io u s
C u rrent
P rev iou s
Y ea r.
Y ea r.
Y ea r.
Y ear.
S
R oads.
$
$
$
36 3 ,2 0 6
D e n v e r & R io G ra n d e ___N o v
35 4 ,5 4 0
d36 0,18 9
d 3 6 6 ,4 2 0
J u ly 1 t o N o v 3 0 _______ 1 ,7 7 7 ,6 6 4
1 ,7 4 2 ,9 7 5 d l , 9 42 ,893 d l , 823 ,3 3 8
D u lu th S o S h & A t l ____ N o v
86,641 £ d e fl4 ,2 6 0
87,641
£ d e f2 ,4 8 0
J u ly 1 t o N o v 3 0 _______
433 ,2 0 5
438 ,2 0 5
2:66,227
£ 5 1 ,0 6 1
G e o rg ia R R -------------------N o v
a 5 1 ,922
a54 ,6 3 8
2:27,410
£3 6 ,3 3 8
J u ly 1 t o N o v 3 0 ............. a 25 9 ,8 5 4
a 2 6 0 ,299
£ 6 1 ,3 3 4
£ 1 6 7 ,5 2 8
H o c k in g V a lle y __________N o v
61,031
6 2 ,838
2:124,409
£ 1 7 2 ,0 2 1
3 3 2 ,6 2 8
J u ly 1 t o N o v 3 0 _______
3 1 3 ,6 0 9
2:818,152
£ 8 0 8 ,6 3 2
20,0 1 6
K a n a w h a & M ich ig a n ___ N o v
26,6 6 4
2:24,581
£ 3 0 ,5 1 0
100
,690
J u ly 1 t o N o v 3 0 _______
111 ,961
£1 4 1 ,6 8 1
£ 1 5 8 ,4 8 9
6 ,672
d e f7 5 3
M anistee & N o r t h e a s t .- O c t .
6 ,7 6 6
d e f 2 ,043
66 ,722
Jan 1 t o O ct 3 1 _______
48 ,169
67,659
70 ,819
6,834
283
M a ry la n d & P e n n a ______D e c
6 ,9 5 9
2,443
J u ly 1 t o D e c 3 1 _______
3 8 ,0 4 7
29,0 0 0
30,0 9 9
4 2 ,9 5 4
£1 0 ,3 5 8
M ineral R a n g e _________ N o v
9,4 4 7
9.9 4 7
£ 7 ,1 6 2
J u ly 1 t o N o v 3 0 _______
47,2 3 2
£48 ,631
49,7 3 2
£ 2 5 .2 0 1
M o K a n sas & T e x _______ N o v
624 ,6 3 3
36 4 ,1 4 4
380 .765
4 1 5 ,5 5 9
J u ly 1 t o N o v 3 0 _______ 2 ,0 5 6 ,8 1 4
2
,1
3
1
,1
2
8
1 ,8 2 2 ,4 4 4
1 ,088,988
N a s h v C h att & St L ____ N o v
37,0
7
2
149
,590
5 1 ,9 9 9
149 ,553
J u ly 1 t o N o v 3 0 _______
2 4 5 ,1 2 6
2 6 3 ,9 8 8
748 ,3 2 6
747 ,4 3 0
£ 1 5 ,0 2 5
N e v Cal & O r e g o n _______ N o v
£7 ,692
2,72 6
3,302
J u ly 1 t o N o v 3 0 .............
£ 7 7 ,4 8 3
£4 6 ,7 1 8
1 5 ,967
12,270
N Y O n t & W e s te rn ____ N o v
9 6 ,3 2 3
74 ,0 6 4
9 8 ,0 7 9
7 4 ,1 5 3
J u ly 1 t o N o v 3 0 _______
7 0 7 ,6 1 7
9 3 6 ,1 2 3
3 70 ,507
35 2 ,8 0 2
N o rfo lk & W e s t e r n ______N o v
6 0 8 ,1 9 4
3 99 ,873
524,611
3 34 ,515
J u ly 1 t o N o v 3 0 ............. 1 ,8 6 9 ,2 5 5
2 ,9 7 2 ,4 9 6
2 ,8 9 2 ,7 3 9
1 ,6 7 6 ,0 0 8
1 ,1 7 5 ,3 3 4
R e a d in g C o m p a n y ______N o v
890 ,500
94 9 ,6 2 2
867 ,881
J u ly 1 t o N o v 3 0 _______ 4 ,4 5 2 ,5 0 0
4 ,7 0 1 ,2 7 0
3 ,7 1 9 ,8 2 2
4 ,3 3 9 ,4 0 6
10,835
R io G ra n d e J u n c t io n ___O ct
8,333
15,6 3 6
8,333
7 2 ,6 4 1
D e c 1 t o O c t 3 1 _______
91,665
9 1 ,665
104 ,3 6 9
1,853
R io G ra n d e S o u th e r n ___ N o v
17,802
17,733
8 ,5 7 3
90,9 1 2
J u ly 1 t o N o v 3 0 _______
£ 1 5 ,1 9 3
9 0 ,6 8 0
£ 2 8 ,1 5 4
S t J o se p h & Gr I s la n d ___ N o v
18,4 2 9
19,508
2 1 ,0 9 4
2 6 ,9 0 3
J u ly 1 t o N o v 3 0 _______
103 ,5 7 9
185 ,446
129 ,943
1 0 6 ,5 1 2
2 8 3 ,9 7 3
S e a b o a rd A ir L in e _______ N o v
£ 2 7 ,3 2 7
£ 1 4 0 ,5 1 7
257 ,9 0 3
J u ly 1 t o N o v 3 0 ............. 1 ,3 9 3 ,6 7 2
1 ,2 8 1 ,6 0 3 £ d e f3 7 1 ,906
£5 0 0,47 6
2,5 8 3
T e x a s C e n tr a l____________ D e c
62,211
5 0 ,1 5 4
2,583
J u ly 1 t o D e c 3 1 _______
1 5 ,498
2 9 4 ,0 5 8
15,498
2 0 3 ,9 6 8
T id e w a te r & W e s t e r n ___S e p t
1,390
d e f.8 5 6
282
1,616
d e f.9 3 0
J u ly 1 t o S e p t 3 0 _______
4,0 3 9
848
4 ,1 5 8
T o l & O h io C e n tra l______N o v
£ 8 8 ,2 7 8
37,761
£4 2 ,5 7 9
36,415
£3 6 7 ,4 2 0
£58 7 ,9 9 1
J u ly 1 t o N o v 3 0 _______
182 ,008
185,742
1,9 9 2
1,5 5 5
T o l P e o ria & W e s t ...........D e c
24,220
22,985
2 6 ,1 3 5
5 .0 5 7
144 ,986
J u ly 1 t o D e c 31 .............
137 ,0 7 8
d e f. 1,876
227
W ’m s p o r t & N o B rch . . N o v
2,947
3,631
14,993
J u ly 1 t o N o v 3 0 _______
14,819
10,288
14,339
a In clu d e s r o a d ren tals (p a id b y lessee) a n d o th e r d e d u ctio n s .
6 In c lu d e d in fix e d ch a rg e s are e x p e n d itu r e s fo r r e n e w a ls , a d d itio n s a n d
im p ro v e m e n ts a m o u n tin g t o $ 1 3 1,14 2 fo r D e c e m b e r , a g a in st $ 89 ,127 in
190 5, a n d t o $67 5 ,2 4 4 fro m J u ly 1 t o D e c . 31 190 6, a g a in st $ 3 3 9,73 7 in
1905.
c C h arges in clu d e in te re st o n d e b e n tu r e s to c k .
d T h e se figures are a fte r a llo w in g f o r o th e r in c o m e an d fo r d is co u n t and
e x c h a n g e . T h e su m o f $ 1 0 ,0 0 0 is d e d u c t e d e v e r y m o n t h fro m surplus and
p la c e d t o th e cre d it o f th e R e n e w a l F u n d .
x A fte r a llo w in g .fo r o th e r In co m e r e c e iv e d .
Miscellaneous Companies.
C om pa n ies.
B u ffa lo G as C o ___________ D e c
O ct 1 t o D e c 3 1 _______
Cum b T el & T el C o . b ..D e c
J a n 1 t o D e c 3 1 _______
C u y a h o g a T e le p h C o . a . N o v
E d is o n El 111 C o . a _______ N o v
Jan 1 t o N o v 3 0 _______
F a ll R iv e r G as W k s . a . . N o v
H o u g h t o n C o E l L t C o .a .N o v
J a n 1 t o N o v 3 0 _______
K e y s to n e T e le p h o n e C o .N o v
J u ly 1 t o N o v 3 0 .............
L o w e ll E le c L t C o r p . a _ . N o v
J a n 1 t o N o v 3 0 .............
M ilw au k ee G as L ig h t C o N o v
Jan 1 t o N o v 3 0 _______
M in n eap G en E le c C o . a . N o v
J a n 1 t o N o v 3 0 _______
P a cific C o a s t____________ O ct
J u ly 1 t o O ct 3 1 _______
P itts b u rg h C oal C o _____ N o v
--------Gross E a r n ’gs-------C u rren t
P rev io u s
Y ea r.
Y ea r.
$
$
P o c a h o n ta s C ollieries C o .N o v
Jan 1 t o N o v 3 0 _______
S o B e n d & M lsh G as C o .S e p t
J a n 1 t o S e p t 3 0 _______
U n ited S tates T e l e p h . b . N o v
V ic t o r F u el C o . b ________ N o v
J u ly 1 t o N o v 3 0 .............
W ilk e s -B G a s& E l C o ___ N o v
J an 1 t o N o v 3 0 _______
W y o m V a il G as& E l C o .S e p t
a N et earnings here g iv e n are
b N et earnings here g iv e n are
_______
491 ,363
,384,844
6 2,5 5 0
17.814
146 ,995
3 5,1 1 3
2 6 ,103
2 08 ,594
81,552
376 ,831
28,334
249 ,262
_______
7 9 ,0 4 4
7 1 8 ,6 3 0
654 ,4 5 9
.442,127
•
ri 6 4 ,855
,781,708
..............
2 3 ,583
_______
4 3 3 ,6 5 8
4 ,6 5 6 ,4 2 2
5 3,3 7 8
1 5 ,0 2 3
1 2 7 ,1 2 6
35 ,4 9 0
24,471
1 85 ,6 3 5
6 6 ,6 6 6
3 3 1 .4 7 0
2 5 .787
227 .4 0 1
_______
7 2 ,4 2 5
6 4 6 ,6 8 6
5 8 2 ,8 2 4
2 ,4 5 5 ,6 6 1
3 5 5 ,1 2 0
3 ,0 1 4 ,1 5 1
::::::
15,527
—
-------N et E a rn in g s -------C u rren t
P reviou s
Y ea r.
Y ea r.
$
$
4 4 ,467
40 ,578
106 ,4 7 0
9 9 ,0 9 6
172,500
1 9 7 ,8 3 0
1 ,6 7 9 ,4 5 0
1 ,9 3 7 ,4 3 7
2 2,5 2 5
3 0 ,6 0 4
5,831
6,932
3 5 ,3 7 9
4 6 ,2 7 4
17,582
15,425
1 3 ,8 7 6
15,438
103,031
9 4,0 1 9
3 8 ,2 4 9
30,664
1 69,491
154 ,332
13,903
11,411
9 1 ,8 8 8
8 6,6 6 5
102 ,473
88,850
8 8 3 ,8 6 8
7 6 8 ,3 4 9
3 4 ,475
3 4 ,018
3 26 ,155
3 0 6 ,3 5 0
164,839
1 53 ,609
5 4 5 ,6 6 8
606 ,788
303 .537
90,184
1 ,9 4 3 ,9 9 6
8 39 ,170
2 7 ,2 1 0
1 6 ,772
216 ,858
2 6 7 ,8 7 0
5,4 4 7
11,415
4 1 ,6 3 8
7 1 ,9 3 5
14,732
2 1 ,9 5 0
4 1,531
4 6 ,8 9 6
153 ,2 5 9
2 23 ,522
14,274
1 8 ,4 2 ?
1 1 6 ,2 4 5
1 3 1 ,1 9 0
3 ,6 9 6
5,134
33,4 9 3
30,592
1 92 ,857
1 75 ,8 7 3
9 8 2 ,4 8 0
7 78 ,639
32,9 0 9
29,391
283 ,2 1 3
243 ,3 8 6
12,555
12,619
a fte r d e d u ctin g ta x e s ,
b e fo r e d e d u c tin g t a x e s .
Miscellaneous Companies.
—B a l. o f N et E ’n g s.—
C u rrent
C u rren t
P reviou s
P revio u s
Y ea r.
Y ea r.
Y ea r.
Y ea r.
$
$
C o m p a n ies.
$
$
138 ,0 1 7
1 5 8 ,5 2 6
.D e c
39,304
34,4 8 3
Cum b Tel & T el C o.
1,3
5
9 ,2 8 4
1
,5
3
2
,4
3
6
-------405 ,001
J an 1 t o D e c 3
3 2 0 ,1 6 6
6 407
.Nov
12,174
18,430
.1 6 ,1 1 8
5,102
6,182
D ec
750
729
2
7
,6 5 5
3 8 ,4 0 0
-------7 ,8 7 4
7 ,7 2 4
17,096
15,108
.Nov
317
486
12.625
1 1 ,0 6 3
.Nov
2,813
2,813
7 7 ,0 9 2
6 8 ,0 8 0
25,9 3 9
J a n 1 t o N o v 3 0 . . -------25,939
1
2
,156
1 0 ,006
.Nov
1,405
1,747
8 0 ,7 4 2
7 5 ,7 9 3
10,872
-------11,146
25,567
2 4 ,947
9,071
.Nov
8,9 0 8
227 ,8 8 3
102 ,6 4 0
203 ,7 1 0
J a n 1 t o N o v 30. -------9 8 ,2 7 2
d e f.5 ,7 6 9
10,964
/1 6 .2 4 6
ah on ta s C ollieries C Nov
/2 2 .5 4 1
7 3 ,0 8 2
/1 7 3 .8 8 9
4 2 ,9 6 9
Jan 1 t o N o v 3 0 .
/1 9 4 .7 9 1
8,4 3 3
11,491
3,2 4 1
.Nov
13,517
£
32
,231
£
3 2 ,3 0 6
/1
8
.1
5
1
f l 3,225
.Nov
V ic t o r F u e l C o ------2:153,089
/ 8 7 ,928
1 1 0 5 ,4 0 3
/ 1 17,136
J u ly l t o N o v
f I n c lu d e s s in k in g fu n d a n d p re fe rre d s t o c k d iv id e n d
x A f t e r a llo w in g fo r o th e r in c o m e r e c e iv e d .
__
__
STREET RA ILW A YS AND TRACTION COMPANIES.
Latest Gross E a rn in g s.
N a m e of
R oad.
W eek or
M on th .
C u rrent
Y ea r.
P reviou s
Y ea r.
J an .
1 to latest date.
C u rren t
Y ea r.
P revio u s
Y ea r.
$
$
25,241
2 7,125
A lb a n y & H u d s o n ___ D e ce m b e r
a A m e r ic a n R y s C o ___ D e c e m b e r . 2 34 ,983 215 ,308 2 ,7 3 9 ,7 8 7 2 ,4 7 9 ,5 5 3
100,547
91,307
c A u r E lgin & C h ic R y D e ce m b e r
2 1,634
20,4 8 8
B in g h a m t o n R y ______ N o v e m b e r .
25 4 ,5 7 3
276 ,8 8 3
B irm R y L t & P ow er N o v e m b e r . 169,383 144,906 1 ,7 4 2 ,6 2 5 1 ,4 4 7 ,3 2 0
7,214
6,595
B r o c k to n & P iy S t R y N o v e m b e r .
6,882
6,479
B u rlin g to n (V t) T ra c D e ce m b e r .
2 1.564
14,128
C a m d en & Tren to n R y S e p te m b e r
22,861
20,482
C a pe B re to n E le c C o . N o v e m b e r .
46 ,556
53,913
537 ,140
621 ,830
Cen t P en n T r a c t io n . _ N o v e m b e r .
57,644
60 1 ,8 2 8
650 ,884
Ch ari C on R y G a s& E l D e ce m b e r
54,596
39,663
410 ,023
C h a tta n o o g a R y s C o . O c t o b e r ___
80,615
66", 584
594",874
884 ,206
C h ica g o & M ilw Elec.. D e ce m b e r
7 8,439
824 ,664
77,704
844 ,222
d C h ica g o & O a k Pa rk D e ce m b e r .
20,155
19,841
271 .100
245 ,089
C leve PainesviU e & E D e ce m b e r
52,430
645,849
543 ,226
47,540
C lev ela n d & S o u th w . D e ce m b e r
17,792
C olu m b u s R R C o ____ S e p te m b e r
15.321
118 ,324
88,601
D allas E le c tr ic C o r p . O cto b e r . .
4,501
10,075
D e tr o it M on & T o le d o 2d w k Jan
175,498
99,7 6 8
87,171 199,464
D e tr o it U n ite d R y ___ 3d w k Jan
13.545
36,753
12.274
40,369
D u lu th S treet R y ___ 3d w k Jan
31,220
E L iv e r p o o l T r & L tC o S e p te m b e r
E a st St L ou is & S u b . N o v e m b e r . 180 ,163 152",668 1,704",505 1,457,881
350 ,078
263 ,836
35,671
25,479
E l P a so E le c t r ic ______ N o v e m b e r .
F t W a y n e & W a b a sh
80,474 1,0 0 7 ,8 1 3
V a lle y T r a c t io n — N o v e m b e r .
93,142
862,171
G a lv e s to n E le c tr ic Co N o v e m b e r .
22,523
287 ,876
245,717
25,801
10,806
173,896
139,582
11,637
H a r tf & Spring St R y D e ce m b e r .
H a v a n a E le c tr ic R y . W k J a n 20
29,463
94,882
89,199
32,485
H on olu lu R a p id T r &
26,588
318 ,322
293 ,7 0 6
29,206
L a n d C o ___________ N o v e m b e r .
15,215
18.545
H o u g h t o n C o St R y . . N o v e m b e r .
150,212
209 ,269
52,236
H o u s to n E le c tr ic C o . N o v e m b e r .
57,105
537 ,230
47 0 ,9 0 0
Illin ois T r a c tio n C o . . N o v e m b e r . 267 ,296 218,258 2 ,7 1 0 ,9 4 3 2 ,1 9 4 ,9 4 0
19,135
In d ia n a p C ol & S ou th D e ce m b e r
240 ,034
210 ,259
21,087
10,573
10,908
J a c k s o n C on sol T r a c . D e ce m b e r
145,342
124,653
22,423
J a c k s o n v ille E lec C . N o v e m b e r .
33,468
282 ,0 1 8
294 ,584
K a n C ity R y & L ig h t N o v e m b e r , s 466 ,220 431 ,485 4,9 8 5 ,3 6 4 4 ,4 3 2 ,5 3 1
7 0 ,8 4 5
66,560
L a k e S h ore E le c R y . D e ce m b e r
788 ,268
866 ,970
40,148
L e x & In teru r R y s C o N o v e m b e r .!
483 ,699
13,191
11,512
L o r a in S treet R y ____ S e p te m b e r
93,381
108,209
8,704
12,133!
110 ,126
M a d ison & In t T r a c . . D e ce m b e r
130,128
M anila E lec R y & L tg
C o r p o r a t i o n _______ D e c e m b e r . n85,300
n909
2 ,2 6 7 ,9 3 8
M et W est Side E l e v . . D e c e m b e r . 2 41 ,474 210 ,4 8 8 2,493
326 ,065 297 ,465 3,523
3 ,2 2 6 ,5 3 5
M ilw E le c R y & L t Co D e ce m b e r
56,379
48,336
702
609 ,0 0 0
M ilw L t H t & T r C o . . D e ce m b e r
2 66 ,953 236 ,9 4 5 3,193
2 ,7 8 8 ,7 2 5
M o n tre a l S treet R y - . D e ce m b e r
1,0 5 4 ,6 2 3
N a sh v ille R y & L ig h t N o v e m b e r . 120,785 106,765 1,258
30,689
33,501
N J & H R R y & F y Co N o v e m b e r .
400
332 ,600
N O R y & L ig h t C o . N o v e m b e r . 506 ,534 444,271 5,220
21,5711
2*10,484
22,058
225
N iag ara S t C & T o r . . O c t o b e r _ .
141,709! 129,806 p i ,703
N o r O h io T r a c & L t . D e ce m b e r
>1,552,970
127,256 115,493 1,356
N o r f & P o r tsm T r C o N o v e m b e r
1,2 3 6 ,6 4 4
93.458
57,797
N orth ern T e x a s T r Co O c to b e r . .
N orth w estern E l e v . . D e ce m b e r . 1 4 7 .l i l
135,158 1,515
1 ,4 1 1 ,9 2 7
10,174
177
O k la h o m a C ity R y . . D e ce m b e r
16,101
10,125
12,236
133
P eek sk lll L ig h t & R R N o v e m b e r .
113", 133
13,440
12.564
P itts M ’ K & G r e e n .. N o v e m b e r .
198
168,751
P o r tla n d R y s C o ____ N o v e m b e r . 144,322 123,472 fcl ,538
1 ,6 9 2 ,7 6 4
55,143
P u g e t S ou n d E le c R y S e p te m b e r
78,240
St J osep h (M o) R y Lt
73,025
H ea t & P o w e r C o - . D e ce m b e r
7 5 4 ,9 5 4
834 ,4 3 8
75,147
5 0 ,4 2 0
S a v a n n a h E le c tr ic Co N o v e m b e r .
562 ,5 5 8
53 2 ,0 8 6
45,049
SehuySkill R y C o ____ N o v e m b e r .
14,976
S ou th Side E le v a t e d . D e ce m b e r . 147,578 1 5 1 4 1 7 1,721", 207 1,6 4 5 ,6 5 3
90,953 1,0 9 9 ,7 6 2
S y ra cu s e R a p T r R y . D e ce m b e r
104,8169 6 4 ,2 3 3
60,555
T a c o m a R y & P C o . . S e p te m b e r
72,727
4 5 .1 0 8
T a m p a E le c tr ic C o . . N o v e m b e r .
42 8 ,0 5 8
374 ,4 0 8
48.791
55,459
568 ,6 9 4
T e r r e H a u te T & L Co N o v e m b e r .
739 ,889
75,437
T o le d o R y s & L ig h t . D e ce m b e r
186 ,848 175,745; 2 ,0 4 7 ,6 1 0 1 ,9 1 3 ,4 5 6
26,766
252 ,004
289 ,232
T o l CTrb & In ter R y . . O c to b e r . .
28.792
T o le d o & W e s te rn ___ S e p te m b e r
25 .108
177,648
180 ,236
21,6 5 4
52,877
T o r o n t o R a ilw a y ------- W k J an 19
57,295
T r i-C ity R y & L t C o . O c to b e r _ . 143,434 120,179
204 ,812
182 ,0 2 2
91,0 9 0
T w in C ity R a p id T ran 2 d w k Jan 101,853
ft541,008 638,319
U n ited R R o f S F . . . O cto b e r
6 ,5 7 9 ,8 21 6,023',698
U n lte d R y s o f B a l t . . D e ce m b e r
7 8 2 ,5 1 5 73 0 ,4 6 2 9 ,1 4 6 ,3 4 8 8 ,4 6 0 ,0 1 6
U n lte d R y s o f S t L__ D e ce m b e r
18.459
273 ,266
251,641
W a sh A le x & M t V e r . D e ce m b e r
20,528
35,0 4 0
W e s te rn O h io R y C o . O c t o b e r . .
27,269
W h a t c o m C o R y & Lt N o v e m b e r .
21 ",588
a F igures fo r th e m o n th in b o th years In clu d e o p e r a tio n s o f th e S cra n to n
R y . , a cq u ire d Jan . 1 1906. c T h e se figu res are fo r co n s o lid a te d c o m p a n y .
d T h ese are results fo r m ain lin e , h T h e se are e a r ly p r e lim in a r y retu rn s;
d ecrea se d u e t o ea rth q u a k e , fire a n d s tr ik e a m o n g e m p lo y e e s , A u g . 26 to
S e p t. 5 1906. k D ecrea se d u e t o L ew is tc C lark E x p o s it io n la st y e a r .
p In clu d es ea rn in gs o f C a n to n -A k r o n C o n so l. R y . fo r e n tire y e a r , n F ig
u res are fo r all d e p a rtm e n ts .
Street R ailw ay Net Earnings.— The follow ing table gives
the returns of S T R E E T railway gross and net earnings
reported this week. A full detailed statem ent, including all
roads from which m onthly returns can be obtained, is given
once a m onth in these colum ns, and the latest statement of
this kind will be found in the issue o f D ec. 29 1906. The
next will appear in the issue of Feb. 2 1907.
--------Gross E a rn 'g s --------N—e t E a rn in g s ------C u rren t
P rev io u s C u rren t
P rev io u s
Y ear.
Y ea r.
Y ea r.
Y ea r.
R oa d s.
$
$
$
$
A lb a n y & H u d s o n . a . . . D e c
2 7 ,1 2 5
25,241
7 ,7 5 5
5,223
J u ly 1 t o D e c 3 1 ............. ..... 1 99 ,169
1 93 ,738
55,5 8 3
50,513
A u rora E lgin & C h i c . b .D e c
100,547
9 1 ,3 0 7
4 3 ,6 3 4
40,181
J u ly 1 t o D e c 3 1 _______ ___7 00 ,089
6 3 2 ,1 9 3
3 3 6 ,2 8 8
307,401
B r o c k & P ly m S t R y . a . N o v
7 ,2 1 4
6,5 9 5
1,7 4 0
1,327
C a pe B re to n El C o . a . N o v
2 2 ,8 6 1 .
2 0 ,482
8 ,7 9 3
7,799
C h a rleston C on sol R y . b D e c
5 7 .6 4 4
5 4 ,5 9 6
19,731
21,2 2 6
M ch 1 t o D e c 3 1 _______ ___5 4 6 ,5 7 9
5 1 0 ,6 5 7
204 ,9 4 1
2 05 ,768
E l P a so E le c t C o . a -------N o v
35,671
25,479
9 ,6 7 6
7,9 7 0
Jan 1 t o N o v 3 0 ----------------3 5 0 ,0 7 8
2 6 3 ,8 3 6
104.681
8 8 ,917
G a lv e s to n E le ct C o - a _ _ N o v
2 5 ,8 0 1
2 2 ,5 2 3
1 0 ,6 5 2
8,7 6 5
Jan 1 t o N o v 3 0 --------------- 2 8 7 .8 7 6
2 4 5 ,7 1 7
1 1 3 ,9 6 8
H o u g h t o n C o St R y - a - . N o v
18,5 4 5
15,215
6,551
4,1 4 8
Jan 1 t o N o v 3 0 ...................20 9 ,2 6 9
1 50 ,212
75,341
d e f6 ,2 9 1
H o u s to n E le c t C o . a ------ N o v
5 7 ,1 0 5
5 2 ,2 3 6
2 1 ,9 0 7
1 8 ,664
Jan 1 t o N o v 3 0 ............. ......5 3 7 ,2 3 0
4 7 0 ,9 0 0
190 ,359
187 ,170
H ud V a l R y C o .b —
O ct
1 t o D e c 3 1 .............
1 2 1 ,1 4 2 1 1 2 ,4 6 0
22,764
4 1 ,092
J u ly 1 t o D e c 3 1 _______
353,581
3 2 4 ,2 3 6
144 ,976
159.999
Jan
1 t o D e c 3 1 _______
5 8 5 ,3 1 7
5 2 6 ,4 2 4
2 1 3 ,5 9 6
206 ,142
J a c k s o n C on sol T r C o . . D e c
1 0 ,908
1 0 ,573
3 ,6 1 2
3,267
M a y 1 t o D e c 3 1 . ...........
106 ,1 3 8
9 3 ,2 6 7
4 3 ,6 0 0
37,1 4 9
J a c k s o n v ille E l C o - a . . N o v
3 3 ,4 6 8
2 2 ,4 2 3
13,229
7,2 0 7
Jan 1 t o N o v 3 0 _______
294 ,5 8 4
2 8 2 ,0 1 8
111 ,0 5 7
116 ,243
M ilw El R y & L t . b ____ D e c
326 ,0 6 5
2 9 7 ,4 6 5
1 6 8 ,1 2 3
158 ,900
Jan 1 t o D e c 3 1 _______ 3 ,5 2 3 .4 3 9 3 ,2 2 6 ,5 3 5
1 ,7 8 8 .8 5 2 1,675,071
M ilw L t H ea t & T r C o . b D e c
56,3 7 9
4 8 ,3 3 6
3 1 ,3 4 4
28,775
Jan 1 t o D e c 3 1 _______
7 0 2 ,2 2 2
6 09 ,000
4 2 4 ,8 0 6
356 ,443
217
THE CHRONICLE
J a n . 2 6 1907.]
--------G ross E a r n 'g -------------------- N e t E a rn in g s -------C u rren t
P r e v io u s
C u rren t
P r e v io u s
Y ea r.
Y ea r.
Y ear.
Y ea r.
R oad s.
$
$
$
$
M o n tre a l St R a i l w a y .. D e c
2 6 6 ,9 5 3
2 3 6 ,9 4 5
8 1 ,3 8 2
7 4 ,9 5 0
8 1 2 ,0 3 6
7 1 9 ,3 6 9
2 9 5 ,6 0 3
2 6 2 ,0 6 6
O c t 1 t o D e c 3 1 _______
N Y & Q u een s C o . b —
O ct
1 t o D e c 3 1 _______
201 ,551
1 8 6 ,3 2 6
5 2 ,2 3 2
60,8 2 5
J u ly 1 t o D e c 3 1 _______
4 7 4 ,1 9 4
4 2 9 ,7 2 0
1 6 5 ,4 5 6
158 ,1 9 5
J an
1 t o D e c 3 1 _______
884 ,2 0 5
786 ,091
2 8 2 ,6 4 5
2 7 0 ,6 4 6
O k la h o m a C ity R y C o . . D e c
16,101
1 0 ,1 7 4
7,4 4 9
4 ,5 6 1
J a n 1 t o D e c 3 1 _______
177 ,181
_______
8 4 ,5 8 1
R o c h e s t e r R a il w a y -b —
O ct
1 t o D e c 3 1 _______
5 8 0 ,0 3 0
4 9 0 ,9 8 6
1 6 9 ,9 9 8
1 90 ,597
1 ,0 3 6 ,8 3 5
4 2 9 ,0 0 5
4 5 3 ,6 5 6
J u ly 1 t o D e c 3 1 _______ 1 ,2 2 5 ,8 9 3
Jan
1 t o D e c 3 1 . ........... 2 ,2 6 1 ,6 3 1
1 ,9 1 2 ,3 5 2
8 4 3 ,0 1 8
8 3 3 ,3 4 3
S a v a n n a h E le c t C o . a _ . N o v
4 5 ,0 4 9
50,4 2 0
1 2 ,455
2 2 ,0 0 7
Jan 1 t o N o v 3 0 _______
5 6 2 ,5 5 8
5 3 2 ,0 8 6
2 1 6 ,3 4 8
2 2 1 ,5 8 6
S y ra cu s e R a p T r C o . b . D e c
1 0 4 ,8 1 6
9 0 ,9 5 3
4 1 ,0 0 9
39,971
9 6 4 ,2 3 3
4 6 7 ,2 8 7
4 1 5 ,5 1 5
J an
1 t o D e c 3 1 _______ 1 ,0 9 9 ,7 6 2
J u ly 1 t o D e c 3 1 . ...........
5 8 2 ,6 4 5
5 10 ,223
2 4 6 ,7 4 6
2 2 7 ,5 2 9
T a m p a E le c t C o . a ____ N o v
4 8 ,7 9 1
4 5 ,1 0 8
2 0 ,4 3 6
2 0 ,8 9 8
Jan 1 t o N o v 3 0 _______
4 2 8 ,0 5 8
3 7 4 ,4 0 8
1 7 7 ,1 6 8
1 58 .085
T e r r e H ’t e T r & L t C o . a N o v
7 5 ,4 3 7
5 5 ,4 5 9
3 1 ,5 3 8
2 1 ,5 7 6
Jan 1 t o N o v 3 0 _______
7 3 9 ,8 8 9
5 6 8 ,6 9 4
3 1 4 ,8 7 2
1 9 3 ,8 5 5
U n ite d R y s o f St L _ a _ .D e c
7 8 2 ,5 1 5
7 3 0 ,4 6 2
3 1 8 ,9 2 4
3 01 ,940
J a n 1 t o D e c 3 1 _______ 9 ,1 4 6 ,3 4 8
8 ,4 6 0 ,0 1 6 3 ,5 7 8 ,9 3 6
3 ,1 4 1 ,6 4 7
W h a t c o m C o R y & L tC o a . N o v
2 7 ,2 6 9
2 1 ,5 8 8
11,2 5 5
6,4 4 2
a N e t e a rn in g s here g iv e n are a fte r d e d u ctin g ta x e s ,
b N e t e a rn in g s here g iv e n a re b e fo r e d e d u c tin g ta x e s .
Interest Chargesand Surplus.
— I n t ., R en ta ls, & c .— — B a l. o f N et E 'n g s .—
C u rrent
P r e v io u s
C u rren t
P r e v io u s
Y ea r.
Y ear.
Y ear.
Y ea r.
$
$
$
$
7 ,9 2 2
5 ,0 0 0
463
223
4 3 ,7 5 0
3 0 ,0 0 0
1 1 ,833
2 0 ,5 1 3
2 6 ,1 8 6
2 4 ,4 5 0
1 7 ,4 4 8
15,731
156 ,695
1 4 6 ,6 4 3
1 7 9 ,5 9 3
1 6 0 ,7 5 8
1,813
1,8 2 8
d e f7 3
def501
4 ,2 5 0
4 ,3 4 9
4 ,5 4 3
3,450'
13,349
1 3 ,1 6 7
6,3 8 2
8,0 5 9
130 ,349
1 3 1 ,2 1 7
7 4 ,5 9 2
7 4 ,551
4 ,0 6 6
3 ,8 2 3
5 ,6 1 0
4,1 4 7
4 3 ,0 2 6
39,5 2 1
6 1 ,6 5 5
4 9 ,3 9 6
4 ,1 6 7
4 ,1 6 7
6,4 8 5
4 ,5 9 8
4 5 ,8 3 4
.1______
6 8 ,1 3 4
3,9 0 7
3,7 4 9
2 ,6 4 4
399
4 3 ,0 2 0
3 9 ,8 7 0
32,3 2 1
d ef4 6 ,1 6 1
10,821
1 1 ,4 2 2
1 1 ,0 8 6
7 ,2 4 2
90,931
1 0 1 ,4 0 0
9 9 ,4 2 8
8 5 ,7 7 0
R oad s.
A lb a n y & H u d s o n ...........D e c
J u ly 1 t o D e c 3 1 .............
A u ro r a E lg in & C h ic ____ D e c
J u ly 1 t o D e c 3 1 . ...........
B r o c k & P ly m St R y . . N o v
C a pe B re to n E le c t C o . _ N o v
C h a rle sto n C on sol R y _ _ D e c
M ch 1 t o D e c 3 1 . ...........
E l P a so E le c t C o ________ N o v
J a n 1 t o N o v 3 0 _______
G a lv e s to n E le c t C o ______N o v
J a n 1 t o N o v 3 0 _______
H o u g h to n C o St R y ____ N o v
Jan 1 t o N o v 3 0 . ...........
H o u s to n E le c t C o _______ N o v
J a n 1 t o N o v 3 0 . ...........
H u d s o n V a l R y Co—
O ct
1 t o D e c 3 1 . ...........
4 9 ,729
J u ly 1 t o D e c 3 1 . ...........
101 ,8 2 0
2 3 5 ,8 1 3
J an
1 t o D e c 3 1 .............
J a c k s o n C o n so l T r C o ___ D e c
2 ,9 6 6
M a y 1 t o D e c 3 1 _______
2 3 ,2 0 8
J a e k so n v llle M e e t C o . . . N o v
3,4 7 5
Jan 1 t o N o v 3 0 .............
3 7 ,2 2 8
M ilw E le c R y & L t C o . D e c
9 6 ,8 7 3
J an 1 t o D e c 3 1 _______ 1 ,0 7 3 ,5 1 4
M ilw L t H e a t & T r C o . . D e c
2 8 ,4 1 7
J a n 1 t o D e c 3 1 _______
3 2 4 ,7 1 5
M on trea l St R a i l w a y . . . D e c
39,1 2 2
O c t 1 t o D e c 3 1 .............
1 1 9 ,0 0 8
N Y & Q ueens C o—
50,8 1 7
O ct
1 t o D e c 3 1 . ...........
J u ly 1 t o D e c 3 1 _______
102 ,0 3 8
Jan
1 t o D e c 3 1 _______
2 0 3 ,7 2 5
R o c h e s te r R a ilw a y —
O ct
1 t o D e c 3 1 .............
1 01 ,770
J u ly 1 t o D e c 3 1 .............
209 ,1 5 9
Jan
1 t o D e c 3 1 _______
4 0 2 ,6 6 5
S a v a n n a h E le ct C o ____ N o v
1 1 ,300
Jan 1 t o N o v 3 0 _______
1 2 4 ,8 2 5
S y ra cu s e R a p T r C o ____ D e c
2 4 ,3 5 8
Jan
1 t o D e c 3 1 .............
2 7 9 ,9 1 5
J u ly 1 t o D e c 3 1 _______
144 ,141
T a m p a E le c t C o ________ N o v
453
J an 1 t o N o v 3 0 - ...........
743
T e r r e H ’t e T r & L t C o . . N o v
15,150
Jan 1 t o N o v 3 0 _______
151 ,432
U n ite d R y s o f St L ...........D e c
1 98 ,026
Jan 1 t o D e c 3 1 _______ 2 ,3 7 7 ,4 7 6
W h a tcom Co R y & L t -N o v
4 ,1 0 5
* A ft e r a llo w in g fo r o th e r in c o m e .
6 4 ,2 1 8 * d e f 2 4 ,440 * d e f 2 1 ,541
1 3 1 ,9 8 2
* 5 1 ,4 5 4
* 3 5 ,5 1 9
259,483 * l e f 6 ,7 0 6 * d e f4 0 ,7 6 8
2 ,7 9 6
646
471
2 2 ,1 5 0
2 0 ,3 9 2
1 4 ,999
3,391
9 ,7 5 4
3 ,8 1 6
34,531
7 3 ,8 2 9
8 1 ,7 1 2
8 3 ,0 8 6 1 1 8 0 ,1 0 1
* 1 7 9 ,2 5 4
9 3 1 ,0 1 6 * 8 7 1 ,1 2 8
* 8 6 6 ,2 1 8
2 2 ,8 0 6
* 3 2 ,9 9 5
* 3 6 ,0 9 7
2 5 5 ,3 1 2 * 1 3 0 ,9 1 7
* 1 3 1 ,2 5 9
2 2 ,6 1 0
4 2 ,2 6 0
52,340
65,7 4 7
176 ,5 9 5
1 9 6 ,3 1 9
5 0 ,9 8 6
1 0 2 ,2 9 6
2 0 4 ,0 6 6
* 4 ,6 1 6
* 7 2 ,2 7 2
* 9 4 ,7 7 8
T92.237
* 7 7 ,8 9 3
188 ,0 5 2 * 2 3 2 ,2 5 6
3 6 9 ,3 1 6 * 4 5 9 ,1 7 4
1 1 ,1 5 5
1 ,1 5 5
1 1 6 ,7 8 9
9 1 ,5 2 3
2 0 ,7 2 3
16,651
2 4 5 ,3 5 8
1 8 7 ,3 7 2
1 2 3 ,0 3 7
1 0 2 ,6 0 5
1 ,8 9 4
1 9 ,983
2 0 ,8 1 3
1 7 6 ,3 2 5
11,661
1 6 ,388
1 1 5 ,1 2 6
163 ,4 4 0
198 ,6 0 9
1 20 ,898
2 ,3 8 7 ,9 1 5 1 ,2 0 1 ,4 6 0
3 ,3 5 8
7 ,1 5 0
* 1 2 ,3 6 9
*6 1 ,3 5 5
* 7 5 ,8 1 9
* 1 0 6 ,9 1 3
* 2 8 0 ,0 0 3
*4 8 2 ,5 6 3
1 0 ,8 5 2
1 04 ,797
19,2 4 8
1 70 ,157
1 04 ,492
1 9 ,004
137 ,272
9,9 1 5
7 8 ,7 2 9
103,331
7 5 3 ,7 3 2
3,0 8 4
ANNUAL REPORTS.
Annual Reports.— The index to annual reports is om itted
this week because of the publication o f the “ Railway and
Industrial” section, which contains references to the reports
o f the principal steam railroads and industrial companies
printed in the ' ‘ Chronicle,” not including to -d a y ’s issue.
Toledo Railways & Light Company.
(.Report for Fiscal Year ending D ec. 31 1906.)
President Henry A . E verett says in substance:
E a rn in g s.— 'T h e gross re c e ip ts w e re $ 2 ,0 4 7 ,6 1 1 , b e in g an Increase o v e r
1905 o f $ 1 3 4 ,1 5 5 ; o p e r . e x p ., $ 1 ,0 7 1 ,7 7 3 , b e in g 5 2 .3 4 % o f gross.
In terest
ch a rg e s o n fu n d e d an d flo a tin g d e b t w ere $ 5 0 9 ,6 0 7 , le a v in g a n e t in c o m e
o f $ 4 6 6 ,2 3 0 , b e in g 3 .8 9 % o n s to c k .
D u rin g 1906 th e re w as o p e r a te d 107.64 m iles o f t r a c k , e arn in g $ 1 ,5 3 6 ,5 2 5 ,
b e in g earnings jper m ile o f t r a c k , $1 4 ,2 7 5 .
C om pa ra tive Statem ent o f G ross E a rn in g s o f P ro p e r tie s N ov; O wned.
G ross
P . C. |
G ross
P . C.
Y ea r.
earn in gs.
in c . |Y ea r.
ea rn in gs.
in c.
1 8 9 7 .............................$89 7,36 1
____ 11902............................. $ 1 ,4 5 9 ,0 9 1
11.29
189 8
_________ 968 ,517
7.9 3 11903............................ 1 ,6 6 3 ,7 9 4
14.03
189 9
1 ,0 6 9 ,2 8 0
1 0 .4 0 1 1 9 0 4 ............... ............ 1 ,7 5 2 ,8 3 4
5 .3 5
190 0
1 ,182,517
1 0 .5 9 | 1 9 0 5 _______________ 1 ,9 1 3 ,4 5 6
9 .1 7
1 9 0 1 . . ......................... 1,3 1 1 ,0 8 4
1 0 .8 8 1 1 9 0 6 .......................... 2 ,0 4 7 ,6 1 1
7.01
B o n d s .— T h e c o m p a n y Is e n title d u p t o D e c . 31 1906 a n d w ill a p p ly t o
h a v e ce rtifie d $12 6 ,0 0 0 o f its 4 % b o n d s , w h ic h w ill m a k e $ 5 4 3 ,0 0 0 o f th ese
b o n d s in th e tre a su ry .
T h e se b o n d s a re Issued fo r 7 5 % o f a c tu a l c o s t o f
b e tte r m e n ts an d e x te n sio n s a n d a re n o t In clu d e d In th e $ 4 ,8 6 6 ,0 0 0 4 %
b o n d s b e lo w m e n tio n e d .
T ra ck .— A q u a rte r o f a m ile o f a d d itio n a l t r a c k w as c o n s tr u c te d o n S ta rr
A v e . t o c o n n e c t w ith th e t r a c k s o f t h e T o le d o P o r t C lin to n & L a k e s id e R y .
C o . t o a llo w th e m t o en ter th e c it y b y w a y o f S ta rr A v e . T h e re has b e e n
r e c o n s t r u c t e d w ith 9 -ln . 9 0 -lb . r a il, 2.26 m iles; w ith te e rail 1.33 m iles;
t o t a l, 3.59 m iles. A la rge p o r t io n o f t h e re m a in in g lig h t-w e ig h t sp ecia l
w o rk has be e n re n e w e d d u rin g th e y e a r w ith 9 -ln . g u a r a n te e c o n s t r u c tio n .
T h e c o m p a n y in th e p a s t fiv e y e a rs has re b u ilt w ith n e w rail th r e e -fo u r th s
o f all its tr a c k s an d sp e cia l w o rk .
218
THE CHRONICLE.
C a rs.— T h e re w ere b u ilt a t o u r s h o p s: O n e 4 9 -ft. e x c u r s io n ca r; o n e 4 3 -ft.
ex p ress a n d freig h t ca r a n d 6 flat cars. T h e re w ere p u rch a s e d 20 sem i
c o n v e r t ib le cars w ith d o u b le tru ck s .
A ll ca rs a n d e q u ip m e n t h a v e be e n k e p t
in th e v e r y b est c o n d it io n .
P o w e r S ta tion .— T h e t w o 3 ,0 0 0 K .W . ea ch tu rb in e s a n d a lte rn a tin g -c u r
re n t g en era tors o rd e re d last y e a r h a v e n o t b e e n d e liv e re d , b u t th e G en eral
E le c t r ic C o. in stalled a t th eir e x p e n s e , fo r t e m p o r a r y u se , o n e 2,0 0 0 K .W .
t u r b in e u n til t h o s e o rd e re d c o u ld b e d e liv e re d .
A ll o th e r m a c h in e r y o r
d e re d has b een r e c e iv e d a n d p la c e d in o p e r a t io n , in clu d in g t w o 1,000 K .W .
ea ch r o t a r y c o n v e r te r s fo r street ra ilw a y s y s te m , o n e 1,0 0 0 K . W . m o t o r
g e n e r a to r set fo r D . C. lig h tin g s y s te m , o n e 125 K .W . e x c ite r s e t, a ll w ith
n e ce ss a ry s w itc h b o a r d a n d a p p u rte n a n ce s .
U nderground S ystem , & c .— T h e c a p a c it y o f t h e c o n d u it sy ste m has b e e n
In creased 3 1 ,319 d u c t fe e t.
T h e c o m p a n y n o w has a t o t a l o f 4 2 6 ,1 5 4 d u c c
fe e t o f c o n d u it In a b o u t 9 m iles o f streets a n d a lle y s. T h e re w as in stalled
22 m iles o f t r o lle y w ire.
L ight and P o w e r .— W e a re n o w s u p p ly in g t h e c it y w ith 1,376 a r c la m p s
fo r street lig h tin g , an in crea se fo r t h e y e a r o f 45; are s u p p ly in g cu rre n t fo r
a n e q u iv a le n t o f 167 ,080 1 6 -C .P . in ca n d e s ce n t la m p s , a n in crea se o f 8 ,8 3 7 ;
a n d are su p p ly in g cu rre n t fo r 8,3 4 2 H .P . in m o to rs , an in crea se o f 1,759
H . P .; in crea se in m ete rs in stalled d u rin g th e y e a r , 1 5 J 4 % .
O n J a n . 1 1906 th e p r ice o f e le ctr ic lig h tin g t o p r iv a te c o n s u m e rs w as
fix e d a t 9 c . p er K .W . h o u r , as a ga in st 12c. per. K .W . hou r.
I n O c t . 1906 t h e c o m p a n y en te re d in to a c o n t r a c t w ith th e c it y o f T o le d o
f o r lig h tin g all t h e p u b lic s tre e ts, a lle y s, lan d s a n d o th e r p u b lic p la ce s fo r
a p e r io d o f te n yea rs fro m J a n . 1 1907, a n d w ill d is c o n tin u e fu rn ish in g a n y
fre e ligh t o r p o w e r a fte r Ja n . 1 1907, w h ich u n d e r th e p re v io u s c o n t r a c t
a m o u n t e d t o a b o u t $ 7 ,0 0 0 p er y e a r .
T h e c o m p a n y c o n t r a c te d w ith th e
c i t y t o p la c e w h a t is k n o w n as th e “ m a g n e tite a rc la m p s ,” w h ic h c a n b e
o p e r a t e d m u c h m o r e e c o n o m ic a lly th a n th e o ld s ty le a r c la m p .
O ther R oa d s.— S e v e n in te ru rb a n r o a d s n o w e n ter o v e r t h e c o m p a n y ’s
tr a c k s o n c o n t r a c t.
A c o n t r a c t t o a llo w its ca rs t o e n ter t h e c it y o v e r th e c o m p a n y ’s tr a c k s
•was en tered in to w ith t h e T o le d o & P o in t P la c e R y . C o ., w h ich has since
c o n s o lid a te d w ith th e O tta w a B e a ch & S o u th e rn R y . C o. u n d er th e n a m e o f
t h e T o le d o O tta w a B e a ch & N o rth e rn R y . C o .
(V . 8 4 , p . 52; V . 83, p .
1 17 2, 152 5 ). T h is c o m p a n y ’s ca rs w ill e n te r t h e c it y n o t la te r th a n M a y 1
190 7. T h e y are at p re se n t tra n sfe rrin g passen gers t o th e c it y cars a t th e
C a sin o.
D u rin g th e y e a r th e O tta w a P a rk S tre e t R y . C o ., w h o se e n tire c a p ita l
s t o c k is o w n e d b y th e T o le d o R a ilw a y s & L ig h t C o ., se cu re d a fra n ch ise fo r
25 y ea rs o n U p t o n A v e . t o c o n n e c t w ith th e T o le d o R a ilw a y s & L ig h t C o.
tr a c k s a t D o rr S t.
T h is O tta w a P a rk S tre e t R y . Is o p e r a te d b y th e T o le d o
R a ilw a y s & L ig h t C o. fro m its D o rr S tre e t L in e.
S tockholders.— T h e c o m p a n y n o w has 1,309 s to c k h o ld e r s o f r e c o rd .
R ESU LTS FOR L A S T FO U R C A L E N D A R YE AR S.
1905.
1904.
1906.
1903.
$ 1 ,7 5 2 ,8 3 4
$ 2 ,0 4 7 ,6 1 0
$ 1 ,9 1 3 ,4 5 6
$ 1 ,6 6 3 ,7 9 4
O p e r a tin g e x p e n s e s ____
1 ,071,773
$ 9 7 2,99 4
$92 3,20 9
$85 6,52 6
(52.34)
O p e r a tin g e x p e n s e s , p . c .
(50.85)
(52.67)
(51.48)
N et e a r n in g s .
In terest p a id ___
B a la n ce fo r s t o c k ____
P . c . o f c a p it a l__________
B a la n ce , su rp lu s______
S u rp lu s b e g . o f y e a r ____
R e c o n s t r u c t io n a c c o u n t .
U n c o lle c t ib le a c c t s ., & c .
$ 9 4 0,46 2
510 ,307
$82 9,62 5
499 ,8 7 5
$ 8 0 7,26 8
4 8 8 ,2 0 0
$ 4 6 6,23 0
$43 0,15 4
(3.8 9)
(3.5 8)
2 % ) 2 4 0 ,00 0 (2 % ) 240 ,000
$ 3 2 9 ,7 5 0
(2.7 5)
$31 9,06 7
(2.66)
$ 19 0 ,0 0 0
841,806
$ 32 9 ,7 5 0
5 46 ,191
$31 9,06 7
3 67 ,934
$ 1 ,2 1 5 ,0 6 0
$ 1 ,0 3 1 ,8 0 6
32,6911
42,9 7 6
2 ,6 8 0 /
$ 87 5,94 1
34,135
$687,001
140,810
$97 5,83 7
509 ,607
$2 2 6 ,2 3 0
9 8 8 ,8 3 0
$84 1 ,8 0 6
$546,191
S u rp lu s en d o f y e a r . . $ 1 ,1 7 9 ,6 8 9
$98 8 ,8 3 0
B A L A N C E SH EE T DEC. 31.
1906.
1905.
1906
1905.
Liabilities—
$
S
Assets—
$
$
Capital stock_____ 12,000,000 12,000,000
Cost of road and
e q u ip m e n t ____ 23,597.970 23,013.299 Funded d e b t_____ 10,866,000 10,854,000
|Treasury b o n d s .. Other permanent
417,000
(a)
742,625| Accrued interest.
investments____ 1.185,680
57,144
85,476
taxes & e x p ____
259.240
191,070
C a sh _______
Bills and accounts
Bills and accounts
637.809
277,228
p a y a b le _______
t- r e c e iv a b le _____
486,059
493,428
96,884 Other lia b ilitie s ...
131,370
202,125
Materials & supp.
145,705
Other assets______
11.181
88,910 Profit and loss (sur
plus) .................. 1.179,689
988,830
T o t a l .................. 25.491.108 24,513,253 ' T o t a l ................... 25,491,108 24.513,253
a $209,000 bonds were in the treasury, bu t n ot included in the balance sheet.
— V . 84. p. 160
Chicago & Oak Park Elevated Ry.
(Report for Fiscal Year ending Dec. 31 1906.)
President R edm ond D . Stephens, Jan. 10 1907, writes:
T h e c o m p a n y n o w h o ld s o f th e C h ic a g o & O a k P a rk E le v a t e d R a ilro a d
C o .:
I n c o m e b o n d s , p ar v a lu e $ 8 6 4 ,1 0 0 ; s t o c k , 9 1 ,4 9 6 425 -1 0 0 0 shares
($ 9 ,1 4 9 ,6 4 2 ); a n d n o te s (d e m a n d o b lig a tio n s ) fo r m o n e y s lo a n e d t o said
c o m p a n y , $ 1 ,6 0 8 ,5 0 8 . T h e R a ilw a y C o m p a n y has Issued, a n d n o w has
o u t s t a n d in g , $56 8 ,5 0 0 o f Its n o te s (d e m a n d o b lig a tio n s ) in a d d itio n t o
w h ich th e r e Is th e d e b e n tu re n o te o f $ 3 5 0 ,0 0 0 Issued b y th e C h ica g o & O ak
P a rk E le v a te d R a ilr o a d C o . a n d b y th a t c o m p a n y e n d o rs e d o v e r a n d g u a r
a n te e d t o t h e N orth w es te rn E le v a te d R R . C o.
The earnings and balance sheet of the raiIroad (operating
com pany) for the year ending June 30 1906 and the balance
sheet of the rail way (holding com pany) on D ec. 31 1906 are
given below:
E A R N IN G S . & c., O F R A IL R O A D FOR Y E A R E N D IN G J U N E 30.
1906.
Deduct—
1905.
Years end.* June 30— 1906.
1905.
Earnings— Passenger .$863,637 $821,196 Reserved for taxes------ $53,467 $31,767
86,865
Rentals
leased
ro
a
d
s-.
84,654
O t h e r ......................... 23.146
18.302
Interest on debenture
7,000
7,000
T otal earnings......... $886,783 $839,498
E x p .— Malnt. way,<fec. $19,499 $24,624 Interest on car equip.
49,480
43,419
and other notes-----Maint. equ ipm en t-. 46,657
41,659
Conduct. transp’n . . 413,892
413,643 Interest on bonds------ 228,300 228,300
General____________
26,490
26,004
T o ta ls _____________ $425,072 $395,140
$40,156 $58,125
Total ........................*505,538 *505.930
A d d— F orin t, on notes
to railway com pany 52,722
52,722
N et e a r n in g s ................ $381,244 $333,568
Other incom e________
3,772
3,447
Total deficit_______ $92,778 $110,847
Total incom e______ *385,016 *337,015
B A L A N C E SH EE T O F RAILROKT> CO. J U N E 30.
1906.
1905.
1905.
1906.
Liabilities—
$
*
Assets—
*
Capital stock____ 10 ,000,000 10 ,000,000
Construction and
e q u ip m e n t____ 17.429.064 17,401.793 Mortgage bond s- 5,000,000 5,000,000
Incom e bonds____ 1,000,000 1 ,000,000
R ight of w ay and
435.454
432.422 Notes payable____a 2 .394.500 2,304,150
property —
40.000
43,000
Car equip, n o t e s ..
rash and accounts
44.986
27,299
10.984 Contract obliga’ns
19,149
receivable_____
5,238
8,363
Real estate m tges.
2.335
M at’ls & supplies .
150.000
150,000
Secur. b o rro w e d ..
Stocks and bonds
15,000
22,200
Accrued taxes-----7.609
in trpasury____
613)
Accrued in terest..
1st m tge. bonds as
62.741
583,000 A ccr’d int. on notes
collateral---------584,000
115,178J
to ra ilw a y _____
73,362
Unadjusted accts
73,631
47,995
55.557
165.565 Accounts payable.
258.343
D e fic it __________
T o t a l .................. 18,809.586 18,676,235
T o t a l ................... 18,809,586 18,676,235
a Includes: D ebenture note (for debt to Northwestern L ), *350,000: Chicago &
Oak Park Elevated Railway Co., *1,040,000, “ only a bookkeeping item ,’ repre
senting cash raised at organization; Chicago & Oak Park Elevated R y . C o., 8511.500
notes secured b y first m ortgage bonds as collateral, $493,000.
[7
o l. l x x x if
B A L A N C E SH EE T OF R A I L W A Y CO. D EC. 31 1905.
Assets—
j Liabilities—
Stock of Chicago & Oak Park
Preferred s tock ____$3,044,800
E l .R R . C o.(S 9 ,149.642) a n d
j Common s t o c k ____ 5,656,100
incom e bonds Chicago & Oak
|
---------------- $8,700,900
P a rk El. R R . Co. (par,
; In escrow to be Issued—
*864,100), carried a t ______ S7,682,555) Preferred s t o c k ..
$12,966
Common stock _ .
4,257
N otes receivable______ _____ _ 1,608,500.
Cash on hand_________________
1,2391
----------——
17,233
IN otes p aya ble-...........................
448^600
T o t a l ....... .............................. .$9,294,294
— V. 82, p. 1437.
I T o t a l ........................................ $9,292,294
American Pipe Manufacturing Co.
(Report for Fiscal Year ending Dec. 24 1906.)
This com pany, of which Jos. S. Keen Jr. is President,
Geo. M. Bunting Vice-President and Treasurer and H.
Bayard Hodge Secretary, was incorporated in New Jersey
Jan. 31 1889 as engineers and contractors of water works,
operators of water works and manufacturers of Phipps
hydraulic pipe. Plant at Germantown Junction, Pa. Con
trols some 18 or more water companies.
E a rn in g s of A m erica n P i p e M a n u fa ctu rin g Co.
N et earns. D iv . paid , j
N et earns. D iv . paid.
1 9 0 6 - . ...................$ 6 1 8 ,0 4 3
$480,0001 1 90 2 ........ .................$ 3 2 0,78 7
$20 2,56 5
19 0 5........ ................. 588 ,6 6 9
3 5 2 ,4 8 2 1 1 9 0 1 ______________ 286 ,501
108 ,000
1 9 0 4______________414 ,6 5 4
2 4 0 ,0 0 0 | 1 9 0 0_______ ______ 266 ,4 0 3
96,0001 9 0 3......................... 338 ,047
2 4 0 ,0 0 0 1 1 8 9 9 ......................... 2 0 1 ,6 6 4
96,000
B A L A N C E SH EE T DEC. 31.
1906.
1905. I
'
1906
1905.
Assets—
$
S
! Liabilities—
$
$
Bonds, book v a lu e ..4 ,141,834 3,694,698|Cap.stock (par$100) 5,000,000 4,000,000
Stocks, book value. . 383,837
327,855 Undivided profits___l,6 6 3 ,8 i4 1,525,771
Unfinished contracts 263,055
264,845) Dividend due Jan. 1. 120,000
120.000
Real estate (clear of
825,000
IBills payable_______ 650,000
incu m bran ce)____
66,591
64,076 f B ook accounts owing
43.530
48,101
B ook accts. due c o _ . 763,514
970,9941
Bills receivable......... 1 ,269,653
737,856)
Merchandise on hand
63,116
62,6981
Cash on h a n d ______ 525,744
395,849 i
T o t a l ...................... 7,477,344 6,518,872[ T o t a l ....................... 7,477,344 6,518.872
N ote.— N ot included in the above statem ent of assets for 1906 were 48,613
shares of the capital stock of other companies, chiefly water com panies, 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.
D ir e c to r s .— J o se p h S. K e e n J r ., G eo. M . B u n tin g , H o w a r d W a t k ln , G eo.
R e y n o ld s , G e o . M . B o o t h , W m . H . M iller, W m . B . S c o t t , E . E ld r ld g e
P en n ock.
O ffic e , 112 N o rth B r o a d S t ., P h ila d e lp h ia .— V . 8 4 , p . 160.
Keystone Telephone Company of Philadelphia.
(Report for Fiscal Year ending June 30 1906.)
President N. T . Folwell, O ct. 20 1906, writes in substance:
P r o p e r tie s , & c .— T h e p re se n t m a n a g e m e n t assu m e d c o n tr o l J u ly 1 1905.
T h e c o m p a n y h o ld s a p e r p e tu a l ch a rte r fro m th e S ta te o f P e n n s y lv a n ia
a n d a p e rp e tu a l fra n ch ise fr o m th e c it y o f P h ila d e lp h ia , n e ith e r co n ta in in g
a n y restrictio n s as t o rates fo r s e rv ice .
It ow n s six e x c h a n g e b u ild in g s ,
e ith e r fir e p r o o f o r s e m i-fir e p r o o f, an d u n d e rg ro u n d c o n d u it s y s te m w ith a
c a p a c it y o f 1 1 ,6 4 8 ,4 3 9 d u c t fe e t, lo ca te d In 278 m iles o f s tr e e t, c o n ta in in g
1 ,9 2 6 ,4 1 9 fe e t o f c a b le .
O v e r a large p a rt o f Its sy s te m th e c o m p a n y h as
m o r e d u cts th a n are r e q u ire d fo r Its o w n use, w h ic h , be in g a v a ila b le fo r
e le ctrica l en terp rises, fo rm n o t o n ly an im p o rta n t asset b u t w ill u ltim a te ly
b e c o m e a v a lu a b le c o n t r ib u to r t o th e in c o m e o f th e c o m p a n y .
The
s w itc h b o a r d c a p a c it y Is 16,800 lin es, o f w h ich 11,989 lines h a v e been in
sta lle d a n d 2 0 ,8 8 8 te le p h o n e s are In use.
I n a d d itio n th e c o m p a n y o w n s th e en tire ca p ita l s t o c k o f th e K e y s to n e
S ta te T e le p h o n e & T e le g ra p h C o ., h a v in g 7 s u b u rb a n e x c h a n g e s , 1,625m iles o f to ll line c ir c u it, a n d 793 s u b scrib e rs.
In A p ril 1906 w e a cq u ired
also th e s t o c k o f th e E a stern T e le p h o n e & T e le g ra p h C o . o f C a m d e n , N . J . ,
c o n sistin g o f 7 e x ch a n g e s w ith 2,3 0 0 te le p h o n e s , lo c a te d In C a m d e n ,
G lo u ce s te r, C a pe M a y C ity a n d sev eral sm aller su b u r b a n p la ce s .
B y th is
p u rch a se an a d d itio n a l Interest in th e C a m d e n & A t la n t ic T e le p h o n e C o .
w as a c q u ir e d , g iv in g us c o n tr o l o f th a t p r o p e r ty .
T h ro u g h ow n e rsh ip o f these p ro p e rtie s c o n n e c t io n is m a d e w ith a n et
w o r k o f lo n g -d is ta n c e lin es, w h ich insures us a v a lu a b le to ll bu sin ess.
C a pital S to ck .— T h e c a p ita l s t o c k o f th e K e y s to n e T e le p h o n e C o. o f
P h ila d e lp h ia , a m o u n tin g t o $ 2 ,5 0 0 ,0 0 0 , is all o w n e d b y t h e K e y s to n e
T e le p h o n e C o . (o f N ew J e rs e y ).
T h e la tte r c o m p a n y has o u ts ta n d in g
$ 5 ,0 0 0 ,0 0 0 c o m m o n s to c k an d $ 1 ,9 3 6 ,8 5 0 o f an a u th o r iz e d issue o f $ 5 ,0 0 0 ,000 n o n -v o t in g p re fe rre d s to c k .
A m a jo r it y o f th e c o m m o n s t o c k Is held
In a v o t in g tr u s t, th e v o t in g trustees be in g c lo s e ly Identified w ith th e a d
m in is tr a tio n o f th e K e y s to n e T e l. C o . o f P h ila d e lp h ia . A ll o f th e o u ts ta n d
in g ca p ita l s to c k o f th e K e y s to n e o f N ew J e rs e y , o r Its e q u iv a le n t In v o t in g
tru st ce rtifica te s , is In th e h a n d s o f th e p u b lic .
Im p ro vem en ts.— O n a ssu m in g c h a r g e , th e p re se n t m a n a g e m e n t fo u n d
th a t th e K e y s to n e n o t o n ly h ad re a ch e d th e lim it o f Its fa cilities b u t w as in
n eed o f fin a n cin g t o ta k e ca re o f th e e x p e n d itu re s a lr e a d y m a d e a n d t o
p r o v id e fu n d s fo r th e e x te n s io n o f th e p la n t a n d fo r w o rk in g c a p ita l.
T h is
w as a c c o m p lis h e d th ro u g h th e issue o f $ 4 ,0 0 0 ,0 0 0 first m o r tg a g e 5 % g o ld
b o n d s , o u t o f a to t a l a u th o r iz e d issue o f $ 1 0 ,0 0 0 ,0 0 0 .
T h e m o r tg a g e p r o
v id e s fo r fu tu re d e v e lo p m e n t a n d Im p ro v e m e n ts b y a p o s s ib le Issue o f n o t
t o e x c e e d $60 0,00 0 b o n d s In a n y o n e y e a r .
U n d er this p r o v is io n th e r e
h a v e b e e n Issued $ 2 7 5 ,0 0 0 , m a k in g a to ta l o f $ 4 ,2 7 5 ,0 0 0 o u ts ta n d in g .
W ith th e fu n d s p r o v id e d th e p la n t w as in crea sed b y 1 ,1 2 5 ,0 0 0 fe e t o f
u n d e rg r o u n d c o n d u it; 3 8 5 ,0 0 0 fe e t o f a d d itio n a l c a b le w ere in stalled;
lib e ra l e x te n sio n s w ere m a d e t o th e d is trib u tio n lines; th ree s e c tio n s w ere
a d d e d t o th e W e st P h ila d e lp h ia s w itc h b o a r d , a n d a n u m b e r o f o t h e r
gen eral im p ro v e m e n ts m a d e .
T h e se Im p ro v e m e n ts In v o lv e d an e x p e n d i
tu re o f $ 8 3 1 ,5 8 0 , a n d h a v e p r a c t ic a lly d o u b le d o u r fa c ilitie s .
A ll th e Im
p r o v e m e n ts w e re n o t c o m p le t e d u n til th e la tte r p a r t o f th e fiscal y e a r a n a
it w ill b e so m e m o n th s still b e fo r e all w ill b e earning fu ll r e v e n u e .
A c q u is itio n o f N ew B u s in e s s .— A s q u ic k ly as th e Im p ro v e m e n ts t o t h e
p la n t w o u ld p e r m it, t h e s o lic itin g o f new business w as a c t iv e ly ta k e n u p ,
w ith th e resu lt th a t , a lth o u g h th e ca n v a ss c o u ld n o t b e g in u n til th e la t te r
h a lf o f th e fiscal y e a r , t h e te le p h o n e s in s e rv ice h a v e b e e n in cre a sed fro m
17,000 t o 2 1 ,0 0 0 , as o f Ju n e 30 1906.
O n S e p t. 30 1906 th e te le p h o n e s o f
th e K e y s to n e o f P h ila d e lp h ia , th e K e y s to n e , S ta te a n d th e E a s te rn in u se
a g g r e g a te d 2 4 ,8 4 6 .
. .
M a in ten a n c e .— W h ile n o r e a so n a b le e x p e n s e has b e e n s p a re d t o keep tn e
p r o p e r t y in first-class c o n d it io n , th e ch arg es th e r e fo r h a v e b e e n l o w , o w in g
t o th e th o r o u g h c o n s t r u c tio n o f th e p la n t.
T o p r o v id e fo r u ltim a te r e
p la ce m e n ts a re se rv e fu n d has b e e n -c r e a te d b y a ch a rg e o f $4 p er te ie p n o n e
p e r a n n u m . - A t t h e c lo s e o f t h e p re se n t fiscal y e a r this r e s e rv e a g g reg a ted
* 1 7 1 ,4 7 6 .
C O M B IN E D P R O F IT A N D LO SS A C C O U N T FO R Y E A R E N D IN O
J U N E 30 190 6.
~ [K e y s t o n e T e le p h o n e C o . o f P h ila d e lp h ia , th e K e y s to n e T e le p h o n e C o.
( o f N e w J e r s e y ) , th e K e y s to n e S ta te T e le p h o n e & T e le g ra p h C o . a n a th e
E a s te rn J T e le p h o n e & T e le g ra p h C o .]
q ^
O D eratlng a n d m a in te n a n c e ch a rg e s . In clu d in g ta x e s a n d p r o v is io n fo r d o u b tfu l d e b t s . ............................................................................ - 4 5 8 ’955
N e t earnings . . .
............................................................................* 7 9 '6 4 3 5 3 7 l ' ° 94
R eserv es fo r r e n e w a ls ........................... .............................................
In te re s t c h a r g e s ................................................................ .....................203 87#
N e t p r o fit fo r th e y e a r ......................... ............................................................
S u rp lu s a c c o u n t o f Ju n e 30 1 9 0 5 .................. .................................................. 3 4 z , ub 5
S u rplu s Ju n e 30 1 9 0 6 ............. .............. ...................................... - ................ .* 4 1 9 ,3 0 1
N o te .— A s th e E a ste rn C o m p a n y w as n o t ta k e n o v e r u n til A p ril 190 6, lt
In co m e fo r th e la st q u a rte r o f th e y e a r o n ly Is in c lu d e d .
JTa n . L>6 1907.]
THE CHRONICLE.
219
C O M B I N E D B A L A N C E S H E E T J U N E 30 1906.
r ■[K e y s t o n e T ele p h o n e C o . o f P h ila d e lp h ia , th e K e y s to n e T e le p h o n e C o .
< of N ew J e r s e y ), th e K e y s to n e S ta te T e le p h o n e & T e le g ra p h C o . a n d th e
E a ste r n T ele p h o n e & T e le g ra p h C o.]
A s sets—
$
I L ia b ilities—
$
C o s t o f p r o p e r t y in c l. s tk s .1 2 ,2 3 0 ,5 6 0 1 C a p .s t k .K e y .T e l.C o .o fN .J .—
P re fe rre d , 6 % __________ 1 ,9 3 6 ,8 5 0
M aterials a n d s u p p l i e s ___
105,814
C o m m o n ________________ 5 ,0 0 0 ,0 0 0
C a s h ________________________
144 ,752
B d s .( l) K e y .T e l.C o .o fP h ila .—
A c c o u n t s a n d n otes re ce iv F irst m tg e . 5 % b o n d s . - 4 ,2 7 5 ,0 0 0
p K a b le ______________________
8 6 ,085
1st M . 6 % c o ll. tr. b o n d s
297 ,0 0 0
R e n e w a l r es erv e f u n d ____
62,725
(2) E a s t .T e l .& T . 1st 5s
250 ,000
A c c r u e d assets, & c _______
31,573
A c c o u n t s p a y a b le , reserves
& o th e r cu rre n t lia b ilitie s 3 11 ,882
R e n e w a l re s e r v e ___________
171,476
419 ,3 0 2
S u r p lu s ____________________
e x p o r t fo r G a lv e s to n w ill b e d iv e r te d o v e r th is r o u t e in ste a d o f b e in g sent
a r o u n d N e w to n , K a n . T h e s u r v e y fo r th e new lin e has b e e n m a d e an d th e
c o m p a n y e x p e c ts t o b e g in c o n s tr u c tio n in a s h o rt t im e .— V . 8 4 , p . 101 , 50.
T o t a l ................................... .1 2 ,6 6 1 ,5 0 9
— V . 8 2 , p . 1044.
T h e se e q u ip m e n t n o te s are a d ire ct o b lig a t io n o f th e r a ilr o a d c o m p a n y ,
a n d are se cu re d b y s ta n d a rd e q u ip m e n t co n s istin g o f 100 B a ld w in l o c o
m o t iv e s , 2,5 0 0 steel u n d e r-fra m e b o x ca rs , 750 steel u n d e r-fra m e flat c a r s ,
a n d 50 passen ger c o a c h e s , c o s tin g In t h e a g g re g a te $ 5 ,0 0 0 ,0 0 0 . T h e t o t a l
issue o f th e se n o te s a m o u n ts t o $ 4 ,5 0 0 ,0 0 0 , th e b a la n c e , $ 5 0 0 ,0 0 0 , t o b e
p a id In ca s h . T it le t o th is e q u ip m e n t is re ta in e d b y th e tru s te e u n til th e
last in sta llm e n t o f b o t h p r in cip a l a n d in terest Is p a id .— V . 8 4 , p . 10 1 , 50.
T o t a l _______ _____________12,661,509
Consolidated Gas Co., New York City.
{Report for Fiscal Year ending Dec. 31 1906.)
r^A t the annual meeting on M onday no statistics of operationjwere given out, but a long statement was made regarding
the investigation of the affairs of the com pany b y the Gas
Com mission, the A ct of the Legislature ordering a reduction
in jth e price of gas on May 1 1906 to 80c. per 1,000 c. ft.
andjfthe subsequent litigation fully covered from time to
tim e in this colum n. The total am ount deposited since May
l j t o secure customers who pay SI, pending litigation, in
case the court should decide that the gas com panies were
entitled to charge only 80c., am ounted on D ec. 31 1906 to
$1,994,417. The daily papers give also the follow ing
extracts which we have had officially revised:
A m o u n t D u e by C ity .— In a d d itio n t o th e $ 1 ,9 9 4 ,4 1 7 d e p o site d in c o u r t,
a s a b o v e m e n tio n e d , th e c it y has n o t p a id a n y th in g t o th e c o m p a n y fo r
g a s su p p lie d t o it sin ce D e c. 190 2, a p e r io d o f m o re th a n fo u r y e a rs.
The
a m o u n t d u e o n D e c. 31 1906 fro m th e c it y w as $ 2 ,8 8 4 ,7 9 0 . O n th e sam e
d a y th e c it y o w e d for e le ctr ic ity s u p p lied t o it a b o u t $ 2 ,6 1 3 ,8 2 1 .
A c tio n s
h a v e b e e n c o m m e n ce d a ga in st th e c it y t o r e c o v e r th e a m o u n t cla im e d to
b e d u e.
T h e th re e item s a b o v e m e n tio n e d a g g re g a te $ 7 ,4 9 3 ,0 2 9 .
Cu r
r e n t b ills, h o w e v e r , fo r e lectric cu rre n t a n d fo r la m p m a in te n a n ce are n o w
b e in g p a id .
N ew Q as P la n t.— T h e m o s t n o te w o rth y In cid en t o f th e y e a r w as th e
c o m p le t io n o f th e first u n it o f th e grea t p la n t a t A s to r ia in L o n g Isla n d C ity .
T h is p la n t w as sta rted s u ccessfu lly o n D e c. 3 1906, a n d is n o w m a k in g
o v e r 4 ,0 0 0 ,0 0 0 c u b ic fe e t o f gas p e r d a y , o r o n e -flfth o f its fu ll r a te d c a p a c ity .
It w ill be several m o n th s y e t b e fo r e it ca n sa fe ly m a n u fa ctu re o n e -h a lf o f
Its fu ll c a p a c it y .
T h e r a p id -u n lo a d in g c o a l m a ch in e ry a t th e w h a rv e s is n ot y e t In stalled ,
b e ca u s e o f th e d e la y o f th e c o n tr a c to r s .
T h e 1 5 .0 0 0 ,0 0 0 c u b ic fo o t g a s
h o ld e r Is also n o t co m p le te d b u t th e c o n tr a c to r s are p u sh in g th e w ork
s a tis fa c to r ily .
T h e w h o le p la n t w ill u n d o u b te d ly b e ru n n in g t o Its fu ll
c a p a c it y d u rin g th e p resen t y e a r.
N ew E lectric P la n t.— T h e g re a t u n d e rta k in g o f b u ild in g th e w a tersid e
e le c t r ic p la n t N o . 2 , ra te d c a p a c ity 8 0 ,000 k ilo w a tts , eq u a l t o 100,000
h o r s e -p o w e r , w ith m a x im u m o f 150 ,000 h o r s e -p o w e r, o f th e E d iso n C o .,
h as p rog ressed so fa r th a t boilers are n o w su p p ly in g a d d itio n a l p o w e r to
w a te rsid e ele ctric p la n t N o . 1, ra te d c a p a c ity 6 0 ,0 0 0 k ilo w a tts , eq u a l to
8 0 ,0 0 0 h o r se -p o w e r, w ith m a x im u m o f 100 ,000 h o rs e -p o w e r, an d s om e
cu rre n tlis also bein g g e n e ra te d .
T h e n ew p la n t w ill b e o p e r a te d d u rin g th e
c u r r e n t y e a r t o th e fu ll a m o u n t re q u ire d and a d d itio n a l e q u ip m e n t ca n be
a d d e d fro m tim e to tim e a c c o r d in g to th e g r o w th o f th e bu siness.
■C on d em n ation P roceed in g s.— T h e c it y has in stitu ted c o n d e m n a tio n p ro
ce e d in g s a g a in st th e e le ctric p la n t a t 28th Street a n d E ast R iv e r , b e lo n g in g
t o th e U n ited E le c tr ic L ig h t & P o w e r C o.
A n o th e r p la n t w ill b e req u ired
t o lm e e t th e re q u ire m e n ts o f th is c o m p a n y w h en th e c it y A n ally ta k es
p o sse ssio n o f th is s ta tio n .
P h y sica l C o n d ition .— P h y s ic a lly , th e p r o p e r ty , b o t h gas a n d e le ctric,
w as n e v e r in b e tte r c o n d itio n th a n a t p resen t. V . 8 3 , p . 1526.
North American Company.
{Report for Fiscal Year ending Dec. 31 1906.)
The report of President W etm ore, with the incom e account
and- balance sheet, will be given another week.
IN C O M E ACCO U N T F O B C A L E N D A R Y E A R S ,
fp ,R eceip ts.
1 90 6.
1 90 5.
I n t e r e s t ..................................................................
$10 3 ,2 2 3
$ 1 0 4 ,6 7 2
9 2 3 ,9 0 7
1 ,1 5 7 ,0 4 0
D i v i d e n d s ____________________ _____________
O th e r p r o fit s _________________ _____________
2 5 ,2 6 2
116 ,901
Ib-J
1904.
$ 44 ,835
7 7 7 ,1 5 3
156 ,252
------------------- ---------------------------------------------
T o t a l ......................... ...........................................$ 1 ,0 5 2 ,3 9 2 $ 1 ,3 7 8 ,6 1 3
$97 8 ,2 4 0
uct—
S a la rie s, lega l e x p e n s e s , & c _______________
$90 ,0 6 4
$ 9 3 ,0 0 6
$73 ,719
T a x e s ..................................................... ................
5 ,2 4 7
4 ,6 2 2
4,605
L o s s e s -----------------------------------------------------------3 ,9 6 0
_______
_______
D iv id e n d s ( 5 % ) ............................. ..................... 1 ,4 8 7 ,3 0 5
1 ,2 5 2 ,9 9 7
840 ,833
*5]
T o t a l .................... ................................................$ 1 ,5 8 6 ,5 7 6 $ 1 ,3 5 0 ,6 2 5
$ 9 1 9,15 7
B a la n c e _____________________________ ______
$ 5 3 4 ,1 8 4
$27 ,9 8 8
$ 5 9 ,0 8 3
In c r e a s e In v a lu e o f assets as r e a d ju s te d
• D ec. 3 1 .................... ................................. ......... 1 ,7 2 1 ,5 0 0
9 2 0 ,0 0 0
7 0 1 ,1 1 9
-----------------------------------------------------------" ^ S u r p lu s _______________________ ____________$ 1 ,1 8 7 ,3 1 6
$ 9 4 7 ,9 8 8
$76 0 ,2 0 2
T o t a l u n d iv id e d p ro fits D e c. 3 1 .................. $ 3 ,9 9 9 ,5 4 8 $ 2 ,8 1 2 ,2 3 2 $ 1 ,9 9 1 ,7 4 4
— V . 8 2 , p . 1272.
GENERAL INV E STM E NT N EW S.
RAILROADS, INCLUDING STREET ROADS,
fll "Alabama Central R y.— Receivership.— Chancellor W . L.
Parks at M ontgom ery on Jan. 21, on application of General
Manager M. C. Stokes, appointed Major Bradford Dunham
receiver for the road extendingjfrom B ooth ’sjStation,^A la.,
to]A utaugaville, 9 miles
Z
_______
AtchisonTTopeka~& Santa'F e'R y.— Purpose of Proposed
New Issue of Stock or Bonds.— General Manager J. H urley,
in a statement made on Jan. 21 before the Kansas State
Railroad Commission regarding the proposed authorization
o f $98,000,000 new stock _or^bonds,Ms'quoted|by thejpress
dispatches’ as'Jfollows:
" ^ T h e T s to c k h o ld e r is en title d t o th e m o n e y h e has in v e s te d a n d It Is n o t
p r o p e r for th e c o m p a n y t o ta k e fu n d s fr o m its earnings t o p a y fo r a d d i
t io n a l Im p ro v e m e n ts w h ich w e re n o t c o n t e m p la te d w h e n th e s t o c k w as
pu rch ased.
. , .
MSThe c o m p a n y Is p la n n in g t o finish th e d o u b le tr a c k fro m K a n sas C ity
t o 'C h lc a g o a n d ba lla st a b o u t 400 m iles o f tra ck in K a n sa s.
The com pan y
a ls o Intends t o Install a b lo c k -s ig n a l sy s te m o n its d o u b le -t r a c k lines In
K a n sa s fr o m K an sas C ity t o N e w to n , co u n tin g th e O tta w a c u t -o ff as a
p a r t o f th e d o u b le -t r a c k sy s te m in K a n sa s.
M r. H u r le y said th a t o n e o f
t h e p lan s n o w u n d er w a y is th e c o n s tr u c tio n o f t h e ’ c u t -o ff fro m T e x lc o , N .
M ., to > B r o w n w o o d , T e x .
T h is line Is t o b e a b o u t 300 m iles lo n g , c o n n e c t
in g w ith th e P a n h a n d le b r a n c h o f th e s y s te m , a n d w h e n train s are sta rte d
o v e r th e B elen c u t -o ff all fre ig h t fro m C a lifo rn ia fo r s o u th e rn p o in ts o r fo r
Atlantic Coast Line R R .— Equipment Trust Notes Offered,
— Brown Brothers & Co. and the Guaranty Trust C o., both
of New Y ork , are offering at prices to net the investor 5 % %
per annum , $4,500,000 equipm ent 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 B alti
more, trustee. A circular says:
Boston & New York Air Line RR.— M erger Approved.—
The stockholders on Jan. 23 voted to merge the road with
the New Y ork New H aven & H artford R R .— Y. 82, p. 1210.
Chicago Burlington & Quincy R R .— Called Bonds.— The
New England Trust Co. of Boston will pay at par on F eb. 1
Denver extension 4 % bonds due Feb. 1 1922 to the follow
ing am ounts, v iz.: $108,000 in $1,000 bonds and $1,700 in
$100 b on ds.— V. 83, p. 1590, 1523.
Chicago Milwaukee & St. Paul R y.— P acific Extension.—
A map showing the Pacific extension of the St. Paul will be
found in our “ Railw ay and Industrial’ Section, issued to
day.
Chairman Roswell Miller says: “ The line will be 150 miles
shorter from Chicago to Seattle than the Northern Pacific,
and about 80 miles shorter than the Great Northern. Over
the mountains the grades will be from 1.6 6% to 1 .8 % com
pensated. The Northern Pacific grades are in all cases
2 .2 % , and many of them are not com pensated, and there
fore average as high as 2 .4 % . Aside from m ountain grades,
the St. Paul road has a m uch lower grade than the Northern
Pacific and the mountain grades are so bunched that they
will not impede traffic.
“ The extension is com pelled to run along the Northern
Pacific for a considerable distance, and to cross the Northern
Pacific several times b y reason o f the physical conditions.
This, however, does not apply to much territory which pro
duces a large business, and therefore the com petition will not
be severe.
“ The estimated cost of the extension will be $40,000 a
mile for the main line, which includes equipm ent, and $30,000
a mile for branches. This contem plates a strictly first class
road in all respects. It is expected to have’ the road in opera
tion to Butte, M ont., b y the end of 1907 and the entire line
in about three years.” — V. 84, p. 101, 50.
Chicago Cincinnati & Louisville R R .— Through Trains to
Chicago.— Through connection to Chicago, it is expected,
will be com pleted within tw o or three weeks. A technical
paper recently said:
T h e lin e is c o m p le te fro m C in cin n a ti t o w ith in 1,400 fe e t o f C h ic a g o
J u n c t io n , t w o m iles w est o f H a m m o n d , I n d .
T ra in s w ill ru n o v e r t h e
C h ica g o J u n ctio n R y . in t o C h ic a g o . T h re e re gu la r tra in s, w ith sleep in g
c a r s e r v ic e , w ill th e n b e ru n e a ch d a y b e tw e e n C h ic a g o a n d C in cin n a ti e a c h
w a y . -C o m p a r e V . 8 1 , p . 1 72 2.— V . 8 2 , p . 750.
Chicago Rock Island & Pacific R y.— Listed.— The New
Y ork 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 si>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 com pany in
January 1906 reported to the New Y ork Stock Exchange
had been issued up to that tim e, bu t we se unsold, and in addi
tion $2,500,000 since issued for im provem ents and additions.
There have also been issued since January 1906, bu t have
not been sold or listed, $5,900,000 additional bonds to re
imburse the com pany for acquisitions of new property in the
shape of $5,605,000 43^% equipm ent gold bonds series “ B ”
bonds of the R ock Island Im provem ent Co. (compare V . 83,
p. 1227-28) and $70,000 to retire Choctaw Oklahoma & Gulf
equipm ent bonds. These am ounts, together with the $1,250,000 above referred to as unissued (being the balance o f
the $6,500,000 issuable against Burlington Cedar Rapids &
Northern firsts due June 1 19 06 ),m ake,w ith the bonds listed
and authorized to be listed, the total of $61,562,000 which
the com pany, under date of Jan. 14 1907 speaks o f as
“ issued.” Included in this last total, how ever, are the
$11,250,000 pledged to secure the $7,500,000i 43 ^ % i notes
due July 1 1907.
Issu a n ce o f $ 5 4 ,3 4 2 ,0 0 0 R efu n d in g 'a n d E x ten sio n "\ s L isted and A u th orized
to be L isted .
F o r gen eral c o r p o r a te p u r p o s e s , u n d e r S e c. 2 , A r t . 1 , 'o f M o r t . $ 1 5 ,0 0 0 ,0 0 0
U n d e r S e c . 6 , A r t . 1, fo r a d d itio n s a n d im p ro v e m e n ts t o e x is tlng lines--------------- ------------ ......................................... .i ......................
7 ,5 0 0 ,0 0 0
T o re im b u rse th e c o m p a n y fo r m o n e y e x p e n d e d in t h e a c q u is i
t io n o f p r o p e r t y , u n d e r S e c. 3 o f A r t . 1 . . _______________________ 1 4 ,5 0 0 ,0 0 0
C h o cta w O kla . & G u lf R R . e q u ip m e n t n o t e s ____________________
1,110 000
C. R . I . & P . R y . g o ld b o n d s o f 1 90 2, series B , C a n d D , m a tu r
in g M a y 1 1904, 1905 a n d 1 9 0 6 ---------------------------------------------------- 4 ,4 8 2 ,0 0 0
C olla te ra l tru s t n o te s o f D . R . F ra n cis a n d o f J o h n S c u llln , re
d e e m e d Jan . 1 1 9 0 5 ..................................... ................ ......... ................ ..
4 ,5 0 0 000
G eneral M o rtg a g e 4s Issued J a n . 1 1905 a n d J a n . 1 190 6, fo r
a d d itio n s a n d Im p r o v e m e n ts ------------------------------------------- -----------2 ,0 0 0 000
B u rlin g to n C ed ar R a p id s & N o rth e r n R y . c o n s o l, m o r t. 5 %
’
b o n d s (o f $ 6 ,5 0 0 ,0 0 0 ), Issued t o retire sam e a m o u n t o f B . C .R .
& N . first m o r tg a g e b o n d s , d u e Ju n e 1 1906 a n d d e p o s ite d as
s e c u r ity u n d e r th e “ first a n d re fu n d in g m o r tg a g e ” ____________
5 ,2 5 0 000
220
THE CHRONICLE.
Issu a n ce o f § 7 ,2 2 0 ,0 0 0 R efu n d in g and E x te n s io n 4s issu ed but unlisted,
I s s u e d in 1906-07 t o re im b u rse c o m p a n y * ° r a c q u is itio n o f
$ 5 ,6 0 5 ,0 0 0 4 H % e q u ip m e n t g o ld b o n d s series B o f R o c k
Is la n d I m p r o v e m e n t C o. (V . 8 3 , p . 1 2 2 7 -2 8 )........ .......................... $ 5 ,9 0 0 ,0 0 0
Is su e d t o r e fu n d C h o c. O k la . & G u lf e q u ip , n o te s d u e A u g . 1906
70,0 0 0
Issu ed a gain st b a la n ce o f B u rl. C. R . & N o r. ls t s d u e Ju n e 1 ’ 06
1,2 5 0 ,0 0 0
T o t a l b o n d s “ Issu e d ,” In clu d in g $ 1 1 ,2 5 0 ,0 0 0 p le d g e d t o se
cu re $7,5 0 0 ,0 0 0 AYiVo n o te s d u e J a n . 1 1 9 0 7 - - ..................- -$ 6 1 ,5 6 2 ,0 0 0
— V . 8 4 , p . 157.
Chicago Subway Co.— Sale of Telephone Equipment by
Subsidiary— Rental for Telephones.— See Illinois Tunnel Co
in last w eek’s “ Chronicle” under “ Industrials.” — V. 84 ,p .l62
Chicago & Western Indiana R R .— Guaranteed Notes Of
fered.— Lee, Higginson & .Co., Boston; Clark, Dodge & Co.,
New Y ork , and the Illinois Trust & Savings Bank of Chicago
(the trustee for the issue), offered this week at 98 and interest,
and quickly sold, tw o blocks, together aggregating $8,000,
000, of 3- ear 5 % collateral trust gold notes dated Feb
1 1907 and due Feb. 1 1910, but su bject to call at par and
interest on any interest day. Interest payable Feb. 1 and
Aug. 1. These notes are in denomination of $1,000, $10,000
and $50,000, and are secured by deposit of $10,000,000 con
solidated mortgage 50-year gold 4 % bonds due July 1 1952,
which, by the terms of a lease for 999 years, are substantially
guaranteed, principal and interest, b y the Chicago & Eastern
Illinois R R . Co., Wabash R R . C o., Grand Trunk Western
R y . C o., Chicago & Erie R R . Co. and Chicago Indianapolis
& Louisville R y . C o.— V. 83, p. 1228.
Colorado & Southern R y.— Listed.— The New Y ork Stock
Exchange has listed $10,000,000 “ refunding and extension”
bonds of 1935, being the first lot issued under the $100,000,
000 mortgage authorized in 1905.
In co m e A c co u n t o f C o m p a n y fo r F o u r M o n th s ending O ct. 31 1906.
M ile s .
G ross.
N et.
Oth. in c.
Charges.
T a x es.
B a l., sur.
1 ,1 3 4
$ 2 ,6 9 2 ,2 4 7
$ 8 0 2 ,7 9 6
$ 9 ,6 7 6
$ 4 0 3,35 3
$ 8 4 ,5 1 7
$ 3 2 4,60 2
— V . 8 3 , p . 1 17 0, 695.
Denver City Tramway.— Franchise Sustained.— District
Judge Allen on Jan. 14 dismissed the quo warranto pro
ceedings brought to test tl e]validity of the franchise granted
at the city election on May 15 last. The decision was based
on that of Judge Palmer in the case of the Denver Gas &
Electric Co. (V . 83, p. 1526), the same papers and evidence
having been used in both cases.— V. 82, p. 1437.
DuluthJMissabe & Northern R y.— Called Bonds.— First
consolidated m ortgage\bonds dated Jan. 1 1893, to the
am ount of $111,000, have been drawn, and will be paid
b y the Central Trust Co. on Feb. 1 1907 at 105% and
interest— say $1,055 per b on d .— V. 82, p. 1101.
Grand Rapids (Mich.) Railway.— New Director.— Jacob
Kleinhaus of Grand Rapids has been elected a director, suc
ceeding A . H odenpyl of New Y o rk .— V. 83, p. 1228.
Great Northern R y.— Stock Issue Enjoined.— Judge Oscar
Hallam in the Ram sey County District Court on Jan. 23,
in the action brought by Attorney-General Y ou n g (V. 83,
p. 15 90 ,)made an order enjoining the com pany from issuing
the proposed $60,000,000 of additional sto ck ,o r any part
thereof, during the pending litigation, w ithout first applying
in writing therefor to the Minnesota Railroad & Warehouse
Commission, and securing its approval, as provided by the
revised laws of Minnesota.
The c o m p a n y ’s a tto r n e y s c la im e d th a t u n d e r Its orig in a l ch a rte r it co u ld
Issue s t o c k at w ill, an d th a t t h e la w g ra n tin g th is p o w e r t o th e C om m ission
(re v ise d law s o f 1905, o r ig in a lly e n a c te d as C h a p ter 265 o f th e g en era l law s
o f 1887) Is u n c o n s titu tio n a l.
T h e c o u r t says th a t th e S ta te co n c e d e s
that u n d er th e gen eral law s th e d e fe n d a n t m a y la w fu lly Increase its s to c k
s u b je c t t o th e r e g u la tio n m e n tio n e d ; th a t th e In ju n c tio n w as ask ed to
c o m p e l th e c o m p a n y t o s u b m it t o th is re g u la tio n , w h ich it do es n o t p r o p o s e
t o d o , a n d t h a t th e r e fo r e th e re Is b u t o n e issu e ra ise d , t h e u ltim a te rig h t
o f th e c o m p a n y t o m a k e th e p r o p o s e d Issue o f s to c k n o t b e in g In v o lv e d in
the suit.
im
....................................* • •
[V o l .
l x x x iy .
Sept. 1 next to operate the portion of the system extending
from 14th Street and Sixth Avenue, this city , to H oboken ,
N. J., using both tunnels under the Hudson R iver fe^The
road from 14th Street north to the northerly term inusjat
33d Street will not be ready for some time after th e_dtte
nam ed.— V. 84, p. 51.
Illinois Central R R .— New General M anager.— Frank^B.
Harriman has been appointed General Manager, succeeding
I. G. R aw n .— V. 84, p. 102, 51.
Interborough-Metropolitan Co.— M r. Shonts President—
New Officers.— The com pany on W ednesday issued a_statem ent, saying:
The Interborough-M etropolitan Co. has secured, w ith 'th e
consent o f President R oosevelt, the services of Mr.g T.
P. Shonts, who will com e to New Y ork and take the presi
dency of the Interborough-M etropolitan C o., assuming
charge of the whole subject of transportation now covered
and to be covered b y the constituent companies of the system .
Mr. Shonts will for the present give such attention to th e
work as his time will permit, and after the 4th of M arch,
when the President will definitely release him, he will com e
to New Y ork and take up his active duties.
The following changes in officers are also announced:
A u g u s t B e lm o n t a n d E . P . B ry a n h a v e b e e n e le cte d C h airm an o f t h e
b o a r d a n d P r e s id e n t, r e s p e c t iv e ly , o f t h e In te r b o r o u g h R a p id T ra n sit C o .,
M r. B ry a n an d M r. H . H . V re e la n d th u s c o n tin u in g t o b e th e c h ie f o p e r a tin g
o ffic e r s in ch a r g e o f th e t w o p rin cip a l c o m p a n ie s .
J o h n B. M c D o n a ld has
been ch o s e n V ic e -P r e s id e n t o f t h e In te r b o r o u g h -M e tr o p o lita n C o. t o h a v e
gen era l s u p e rv is io n o f th e c o n s tr u c tio n o f n ew s u b w a y s .
Increase in W ages.— The directors o f the InterboroughRapid Transit Co. on W ednesday ordered a voluntary in
crease of wages to go into effect Feb. 1, affecting, it is said,
about 10,000 employees of the elevated and subway lines,
and adding $400,000 to the yearly pa y-roll. The increase in
cludes all im portant classes of workmen except the m otormen, who receive $3 50 a day for between 8 }4 and 9 ^ hours’
w ork . The percentage of increase varies from a small amount
up to about 1 6 % , the number of hours of work not being
changed.— V. 83, p. 1470.
Inter-State Railways, Philadelphia.— Purchase.— The pur
chase of the Philadelphia Bristol & Trenton Traction C o.,
it is announced, has been consum mated, and the operation of
the road by the Inter-State will begin on Feb. 1. See V. 83,
p. 687.
Lexington (K y.) & Interurban Railways.— Preferred Stock
Authorized.— By vote of the shareholders at a meeting held
on Jan. 7 the charter has been amended so as to permit the
issue at the discretion o f the board of $1,000,000 8 % pre
ferred stock, cum ulative from Jan. 1 1908, with preference
as to assets in case of liquidation, subject to redemption at
com pany’s option after three years at $60 per share (par $50)
and accrued interest, and convertible at option of holder,
share for share, for com m on stock. Of such preferred stock
10,000 shares of the par value of $500,000 shall not be
issued or sold at a price less than $55 per share.
The issue of $500,000 of said preferred stock has been
authorized by the board of directors.— V. 82, p. 1380.
Manila Electric Railroad & Lighting Corporation.— Guar
anteed Bonds Offered.— See Manila Suburban Railways be
low .— V. 84, p. 102.
Manila Suburban Railways.— Bonds Offered.— R osen,
Stillman & C o., 30 Pine S t., New Y ork, are offering, at 9 2 ^
and interest b y advertisement on another page, a block o f
this com pany’s present issue of $500,000 first mortgage 5%.
40-year sinking fund gold bonds, of $1,000 each (c * ), guar
anteed unconditionally as to principal and interest b y the
Manila Electric Railroad & 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 1911, 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 p a y
able in United States gold coin in New Y ork City. New
Y ork Trust C o., trustee. Lim it of authorized issue, $2,500,000. The advertisement says:
The State Supreme Court has set the hearing of the appeal
for Feb. 9.
New Suit.— Attorney-General Y oun g yesterday filed suit
in the Supreme Court at St. Paul against the St. Paul Min
neapolis; & M anitoba R R . 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
paym ents has been postponed until March 4. Compare
T h e c o m p a n y has b e e n o rg a n iz e d w ith a ca p ita l s t o c k o f $ 5 0 0,00 0 b y
th e M anila E le c tr ic R a ilr o a d & L ig h tin g C o r p o r a tio n , w h ic h c o n tr o ls
V . 83, p. 1469, 1590; V . 84, p. 51, 102, 158.
a b s o lu te ly th e stre e t r a ilw a y , lig h t a n d p o w e r sy s te m o f th e c it y o f M an ila ,
Green Bay & Western RR.— Plan Withdrawn.— The pro t o c o n s tr u c t an d o p e ra te su b u rb a n ra ilw a y lines c o n n e c tin g w ith Its p resen t
posed financial reorganization plan issued last October sy ste m an d t o fu rn ish e le ctr ic -lig h tin g an d p o w e r fa cilitie s in th e tr ib u ta ry
t e r rito r y .
A ll o f th e ca p ita l s t o c k is o w n e d b y th e M anila E le c tr ic R a ilroa d
(V. 83, p. 969) has been withdrawn, and the bonds deposited & L ig h tin g C o r p o r a tio n , w h ic h has en te re d in to an ag re e m e n t t o g u a ra n tee
under the agreement made in connection with the issuance b o t h th e p rin cip a l a n d in terest o f th e b o n d issu e. T h e b o n d s n o w Issued
are secu red b y a first m o rtg a g e on th e e le ctric ra ilw a y co n n e c tin g M an ila
of the plan have been returned to the holders. Jefferson w ith F o rt W illia m M c K in le y , th e U n ited S tates G o v e rn m e n t r e s e r v a tio n ,
M. L ev y, one of the com m ittee, in whose absence abroad the an d t h e c it y o f P a sig . T h e p o p u la tio n o f th e c it y o f M anila is estim a ted
a t a b o u t 3 0 0 ,0 0 0 , a n d th e p o p u la tio n o f th e te r rito r y r e a ch e d b y th e new
plan was made public, has, it is stated, always opposed a re lin
e is e s tim a te d a t o v e r 4 0 ,0 0 0 .
adjustm ent, but has favored keeping the com m ittee intact E a rn in g s o f M a n ila E lectric R ailroad & L ighting C o rp o ra tio n , the G uarantor
o f these B on d s.
,
as a protective com m ittee m erely, as originally contem plated,
F ix e d
B a la n ce ,
to insure concerted action in the interest of the B debenture
Y ea r—
G ross.
N et.
Cftarffe*.
S u rp lu s
$ 4 3 6,00 0
$ 2 3 1,75 0
$20 4 ,2 5 0
holders. The bonds deposited under the earlier agreement, 1906 (p a r tly e s tim a te d ) .-$ 8 9 0 ,0 0 0
3 54 ,670
195,109
lo 9 ,5 6 1
(a ctu a l) - ....................... 7 2 3 ,5 2 6
constituting the larger part of the bonds deposited w ith the 1905
T h e se surplus earnings are a p p lic a b le t o p a y m e n t o f in terest on th e
b o n d s n o w o ffe r e d , an d are In e x ce ss o f e ig h t tim e s th e an n u al Interest
com m ittee for protective purposes, are still in its control.
e.
In a d d itio n It is e stim a te d th a t th e n e t earn in gs o f th e new lin e
Dividends.— The usual dividen dsof 5 % each on the $2,500,- cuhpaorg
n c o m p le tio n w ill a m o u n t t o $ 50 ,000 p er a n n u m — o r tw ice th e Interest
000 stock and $600,000 “ A ” debentures have been declared, c h a rg e . 8 ® —
payable Feb. 1 to holders of record Jan. 28. The same * Metropolitan West Side Elevated:Railway Co., Chicago.—
am ounts? were paid in the tw o preceding years.— V .' 83, p. Dividends Resumed.— The directors have declared a quarterly
1037.*-,
. j* . _ j w . t
x i i*
dividend of % of 1 % on the $8,708,000 preferred stock ,
Hudson & Manhattan RR.— Operation to Begin Sept.' 1907. payable March 30 to holders o f record March 21. The last
T h e com pany announces that it is expected on or about dividend was 1 ^ % , paid Feb. 28 1903.— V . 83, p . 818.
J a n . 26 1907.]
THE CHRONICLE.
221
"3
Milwaukee Electric Railway & Light Co.— Action on New
Securities Postponed.— The annual meetings of the com pany
and of its subsidiary, the Milwaukee Light, Heat & Traction
C o., 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 m ortgage of
the Milwaukee Light, H eat & Traction Co. See V . 84, p.
102.
Missouri Pacific R y.— New Rolling Stock.— The com pany,
it is reported, has placed orders for 6,500 or 7,500 new freight
cars, b o x cars and gondolas.— V. 84, p. 159. _ _ _ _ _ _ _ _ _
K^New York New„Haven^&,Hartford;RR.— Amount of Notes
Outstanding.— A press report from New Haven states that
the com pany has finally made known the total am ount 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 Y ork Air
Line R R . ab ove.— V. 84, p. 159, 103.
Norfolk & Western R y.— New Director.— Joseph W ood has
been elected a director in place of James McCrea (now Presi
dent of the Pennsylvania R R .), whom he recently succeeded
as Vice-President of the Pennsylvania Com pany.— V . 83,
p. 1471.
Northern Ohio Traction & Light Co.— Report for year:
R esu lts fo r C alendar Y ea rs, In clu d in g in both cases the P r o p erties P urchased
in 1906.
Y ear—
G ross.
N et.
Charges.
B a l.,S u r .
1906
__________ $ 1 ,7 0 3 ,3 4 0
$ 6 9 6,49 8
$48 3 ,1 7 4
$21 3,32 4
1905
.................................... 1 ,5 5 2 ,9 7 0
654 ,1 4 0
4 7 1 ,5 0 3
182,637
— V . 8 3 , p . 1037.
1 •*
Northwestern Pacific RR., California.— Bond Issue.— The
shareholders of this recent consolidation will meet at the
com pany’s office at 870 Market S t., 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 iq. retiring the existing
bonded indebtedness. J. I. W illcutt is' Secretary. The di
rectors include William H ood, Chief Engineer of the Southern
Pacific Company (giving that com pany a m ajority of the
board ), in addition to the men named in V. 84, p. 103.
Northern Pacific Ry.— Payments on Subscriptions to New
Stock M ay 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
com puted 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. 83, p. 1471, 1524.— V. 84, p. 103.
Pennsylvania RR.— Exchange of Stock.— See Philadelphia
& Erie R R ., below.
Car Trusts Authorized but Not to Be Issued at Present.— It
appears that the com pany last year authorized the organiza
tion of a new car trust to be known as the “ Pennsylvania
Freight Equipment Trust,” f or an amount not exceeding $ 100 ,000,000, to be issued from time to time in series of $1,000,000
each as the com pany’s requirements may make desirable on
account of new equipm ent. 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
provem ent 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 off.
New Director.— Chas. E. Ingersoll, of the law firm of
Gowen, H ood & Ingersoll, of Philadelphia, has been elected
a director to fill the vacancy caused by the death of President
A J. Cassatt.
Authorized to List.— The New York Stock Exchange has
authorized the listing from time to time after Feb. 1 of
$4,485,200 additional capital stock as issued from time to
time in exchange for Philadelphia & Erie com m on stock,
making the total amount authorized to be listed $312,112,900. See Philadelphia & Erie below .— V. 84, p. 159.
Philadelphia & Erie RR.— Circular as to Exchange of Stock.
— A circular letter mailed on Jan. 14 by the Pennsylvania
R R ., requests the m inority stockholders of the Philadelphia
& Erie who desire to exchange their stock, dollar for dollar,
for stock of the Pennsylvania R R . to deposit their certificates
with the Treasurer o f that com pany 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
M ay. *£The ^circular says .in ’ part: 1% \
* •» - *
v •
T h e P e n n sy lv a n ia R R . Is th e o w n e r o f'o v e r lth r e e -fo u r t h s o f th e ca p ita l
s to c k o f th e P h ila d elp h ia & E rie R R . C o ., w h ose ro a d has b e e n o p e ra te d
as a p a rt o f th e P e n n sy lv a n ia R R . sy stem sin ce 1862.
L a rge ex p en d itu res
are n ecessary u p o n th a t p r o p e r ty in c o m p le tin g th e d o u b le tra ck , c o n s tr u c t
in g sid in gs, p ro v ld lftg ex te n siv e a d d itio n s to sh op fa cilities, im p ro v in g its
g ra d e a lig n m en t an d fu rn ish in g th e large term in a l ya rd s n ecessary to tak e
ca re o f Its bu sin ess.
Th is c a n n o t b e d o n e b y th e P h ila d elp h ia & Erie R R .
C o. w ith o u t eith er in crea sin g its ca p ita l a c c o u n t , w h ich is a lre a d y d isp ro
p o r tio n a te ly la rge, o r a p p ly in g Its su rplu s In com e to w a rd th e ex p en d itu res
referred to .
In v iew o f th ese fa c ts , an d b e lie v in g th a t grea ter e c o n o m y an d ro n v e n iien oe in o p e r a tio n can b e secu red th e re b y , lt Is d e e m e d a d v is a b le th a t th e
P h ila d e lp h ia & Erie R R . sh ou ld b e c o m e an Integral p a rt o f th e P e n n sy lv a n ia
RR.
T h e P e n n s y lv a n ia R R . C o. th e re fo re p rop oses to a cq u ire th e fra n
chises a n d co r p o r a te p r o p e r ty o f th e P h ila d elp h ia & Erie R R . C o ., b u t b e
fo re ta k in g th e legal steps n ecessary fo r such a cq u is itio n lt offers to p u r
ch a s e th e o u ts ta n d in g s to c k o n th e basis o f d eliv erin g o n e sh are o f its o w n
s to c k fo r ea ch sh are o f th e P h ila d e lp h ia & E rie.
To Authorize Sale.-—The shareholders will meet Feb. 11
to vote on an agreement between the com pany and the
Pennsylvania R R . Co. “ for the sale to and acquisition b y the
latter com pany of all the franchises, corporate property,
rights and credits of the Philadelphia & Erie R R .”
Earnings.— For 10 months ending O ct. 31:
10 M o s .
G ross.
N et.
Other In co m e.
C harges.
B a l., S i r .
$ 1 ,8 6 2 ,9 9 7
$ 9 7 ,4 1 5
$ 1 ,1 3 8 ,7 9 9
$82 1 ,6 1 3
1 9 0 6 ____ $ 6 ,8 8 4 ,4 8 9
1 9 0 5 ____ 6 ,7 4 0 ,9 4 5
1 ,9 7 3 ,6 9 3
_______
________
________
N o te .— C h arges here in c lu d e : In te re st o n b o n d s , $ 8 4 9 ,2 9 2 ; in terest o n
E q u ip m en t u s e d , $ 1 4 3 ,6 5 3 ; ta x e s , $ 1 3 8 ,7 2 5 ; m a in te n a n c e o f o r g a n iz a t io n ,
$ 7 ,1 2 9 . T h e a n n u a l d iv id e n d ch arge o n sp ecial s t o c k a m o u n ts t o $ 1 6 8 ,0 0 0 ;
o n c o m m o n s t o c k ( 6 % ) , $ 4 7 9 ,1 0 0 ; t o t a l, $ 6 4 7,10 0 p er a n n u m , o r $53 9 ,2 5 0
fo r te n m o n t h s .— V . 8 4 , p . 159 , 103.
Pittsburgh McKeesport & Greensburg (Electric) R y.—
Dividend Probably to be Deferred.— Director E . C. Lockw ood
of Pittsburgh writes: “ No action has been taken regarding
a dividend; it will probably be deferred for six m on th s.”
Compare V. 83, p. 1525.
Reading Co .— Application to L ist.— The New Y ork Stock
Exchange has been requested to list $1,500,000 additional
general m ortgage 4 % bonds of 1997, making the total listed
$71,830,000.— V . 83, p. 1412.
Santa Fe Liberal & Englewood R R .— Bonds Offered on New
Project.— E . D . Shepard & C o., New Y ork , Boston, Phila
delphia and London, are offering at 101 ^ and interest a
block of first mortgage 5 % gold bonds of $1,000 each, dated
July 1 1906 and due July 1 1936, w ithout option of earlier
redem ption. United States Mortgage & Trust Co. of New
Y ork , trustee. The bon d issue of $8,000,000 is a “ closed
first lien” on a proposed line of railroad of 321 miles, from
Des Moines, New M exico, to Englew ood, Kansas, and
W oodw ard, Oklahoma. The m ortgage will also cover, it is
stated, 16 locom otives, 6 com bination baggage and pas
senger coaches, 12 standard coaches and 2,380 freight cars.
Construction o f the line is now under w ay.
A circular says in part:
T h e en tire m ile a g e w ill b e e q u ip p e d w ith n e w 8 5 -lb . steel r a ils, ties a n d
b rid g e s o f th e b e st z in c -tr e a te d m a te ria l; m a x im u m g r a d e o f o n ly
slig h tly o v e r
of 1% .
■
T h e c o m p a n y has leased fo r a p e r io d o f 99 y e a rs t h e S a n ta F e R a to n .d s
D es M oin es R R . a n d t h e S a n ta F e R a to n & E a ste rn R R .
[T h ese leased lin es a re d e s c r ib e d as fo llo w s :
D es c r ip tio n o f L ea sed L in e s .
O utstanding
L in e o f R oad—
M ile s .
B on d s.
S a n ta F e R a to n & E a ste rn R R . (in o p e r a t io n )—
■ • •
F r o m R a t o n , N . M , o n t h e A . T . & S. F e R y . t o Y a n
k e e , N . M ., 12 m ile s, a n d c o a l b ra n ch e s , 4 m ile s ____ 16
3 0 0 ,0 0 0
S a n ta F e R a to n & D es M oin es R R . (b u ild in g ) —
F r o m C a rls b ro o k o n t h e S . F e R a t o n & E a s te rn ,
ea ste rly t o D es M oin es o n th e C o lo r a d o & S o u th e rn
R y . a n d th e p r o p o s e d lin e o f S a n ta F e L ib e r a l &
E n g le w o o d R R _________________________________________ 40
1 ,0 0 0 ,0 0 ®
T h e se lines are s h o w n u p o n m a p p a g e 135 o f “ R a ilw a y a n d In d u s tr ia l”
s e c t io n .— E d .]
'
T h e ro a d th r o u g h its le a se d lines w ill c o n n e c t w ith t h e A t c h is o n T o p e k a
& S a n ta F e S y s te m a t R a t o n , w h ile a t D es M oin es it w ill c o n n e c t w ith t h e
C o lo r a d o & S o u th e rn R R .; a t H o o k e r , near L ib e r a l, K a n s a s , w ith t h e R o c k
Is la n d s y s te m ; a t E n g le w o o d w ith th e A tc h is o n a g a in , a n d a t W o o d w a r d ,
fo r th e th ird tim e , it crosses t h e sa m e s y s te m , a n d w ill th e n c e m a k e c o n n e c
tio n s w ith O k la h o m a a n d G u th rie , t h r o u g h w h ich p o in ts se ve ra l tru n k lin es
pass. T h e r o a d is e x e m p t fro m t a x a t io n fo r s ix y e a rs .
. . .(
T h e in d e n tu re o f tru s t requ ires t h a t e a ch y e a r t h e r a ilro a d m u st set a sid e
as a sin kin g fu n d o n e -h a lf o f its su rplu s e arn in g s a n d w ith th is m on ey, re
p u rch a se Its b o n d s fo r ca n c e lla tio n , p r o v id e d t h e y ca n b e h a d a t a
p r ic e n o t h igh e r th a n w o u ld b e e q u iv a le n t t o a 4 % basis fo r t h e b o n d s .
From W oodw ard, O kla., to Guthrie and Oklahoma City,
220 miles, a road is projected b y the same interests under
title o f the Canadian River R ailw ay, and it is currently re
ported that the allied lines m ay be eventually consolidated
as a single road, subject to $14,800,000 of 5 % 30-year bonds.
As to the Yankee Coal C o., see that com pany under “ Indus
trials” below .— V. 83, p . 891.
Seaboard Air Line R y .— Extension of Bonds.— The~announcem ent, attributed to S. Davies W arfield, President of
the Continental Trust Co. of Baltim ore, that a syndicate
of bankers, m ostly of Baltim ore, had been com pleted 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.
I t is r e p o r te d th a t th ose c o n s e n tin g t o th e e x te n s io n w ill r e c e i v e d 2 0 "o r
$25 in c a s h , m a k in g th e n e w b o n d s p a y so m e w h a t o v e r 5 % , th e s y n d ic a t e
ta k in g u p all th e o ld b o n d s w h ich th e h old ers w ish t o s u rren d er fo r
cash at m a t u r it y .— V . 8 4 , p . 104.
Southern R y.— Notes Sold.— The com pany has sold "to
J. P. Morgan & Co. $15,000,000 3-year 5 % gold debenture
n otes to reimburse the treasury for cash heretofore expended
or to be expended under existing contracts for the construc
tion and acquisition of additional tracks, equipm ent and other
facilities upon the existing property of the com pany to enable
it to handle econom ically the large volum e of traffic now
offered and expected, and to pay for new properties here
tofore acquired. All of these expenditures will be ulti
m ately provided for b y the issue and sale of developmens
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
redem ption. Denomination o f 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
com pany’s ueeds, VY84, p. 159. ..........................................
Southern Electric Securities Co.— Suit.— James D. Thames)
District Attorney, last week instituted actions in the Chan-
222
THE CHRONICLE.
eery Court of Warren County, Mississippi, against the com
pany, the Inter-State Trust & Banking Co. of New Orleans,
and about tw enty 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 Railw ay & Light C o., which
was to have been held on Jan. 14, the m inority 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 b y them to be legal.
I t is c h a rg e d th a t th e d e fe n d a n ts h a v e fo r m e d a v o t in g p o o l o r tru st
t o c o n t r o l t h e s to c k o f th e V ic k s b u r g R a ilw a y & L ig h t C o . an d o th e r c o r
p o r a tio n s .
It Is r eq u e ste d th a t th e p en a lties p r o v id e d b y th e a n ti-tru st
la w b e im p os ed .
I f th e m a x im u m pen a ltie s sh o u ld b e Im posed o n th e v a r i
o u s d e fe n d a n ts , th e t o t a l, it is r e p o r te d , w o u ld a g g r e g a te a b o u t $ 1 1 ,0 0 0 ,0 0 0 .
— V . 8 3 , p . 39.
[V ol.
l x x x iy .
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Coal Co.— Sale of George’s Creek & Cumberland.—
See Western Maryland R R . in last w eek’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, 9 0 % of the securi
ties of the new com pany having been disposed of. The suc
cessor com pany was incorporated at Albany on D ec. 26 with
nominal ($6,000) capital stock under title o f American R ound
Bale Press C o. The property of the Georgia Cotton Products
Co., one o f the subsidiary com panies (see list, with num ber
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 D ec. 31 were:
Staten Island Midland Ry.— Reorganized Com pany.—
This com pany was incorporated in A lbany on Jan. 16 with
$1,000,000 authorized capital stock, all com m on, as a re
Y ea r—
G ross.
N et.
D i v ’ ds ( 2 % ) . B a l.,s u r .
organization of the Staten Island Midland Railroad C o., 1 9 0 6 ....................................... $ 6 0 3,64 4
$ 85 ,920
$ 7 6 ,8 8 8
$9,032
1 9 0 5 . . ................................... 5 9 3 ,6 9 4
9 5 ,3 7 4
7 6 ,8 8 8
1 8 ,486
sold under sequestration proceedings Jan. 3. The bonds of —
V . 8 2 , p . 1435.
the old com pany remain outstanding. See page 99 of
American Gas & Electric Co., New York.— In Possession.—
“ Street R ailw ay” section.— V. 69, p. 182
This new corporation, controlled by the Electric Bond &
Steuben Traction Co. of Hornell.— Consolidation.— This Share Co. of New York (whose entire com m on stock (V. 81,
com pany was incorporated at Albany on D ec. 31 with p. 510) is owned by the General Electric C o.), has taken over
-$370,000 capital stock as a consolidation o f the Hornellsville from the Electric Company of Am erica (per plan in V. 83,
Electric R y . C o., Hornellsville & Canisteo R y . C o., Canisteo p. 1473, 1593) all its property, consisting of stocks and bonds
Valley R y . and the Canisteo Jasper & W oodhull R y . Co. of subsidiary companies, giving in paym ent therefor $6,282,The directors are: Charles Adsit of Hornell; J. W . Powell 000 99-year 5 % collateral trust bonds,secured b y the pledge
o f Canisteo, and L. D. W hiting of Jasper.
of the property sold, together with the deposit of $1,000,000
On Jan. 18 the New Y ork State Railroad Commission in cash, the latter to be used as a fund for betterments and
authorized the com pany to make a mortgage for $500,000 additions to subsidiary companies whose stocks are pledged
and to increase the capital stock from $370,000 to $630,000. to secure the collateral trust bonds. The new bonds and
It is proposed to build to Jasper, Steuben County.
stocks are described on page 160 of our “ Railway and In
Tehuantepec National R y.— Formally Opened.— The road, dustrial” section issued to-day.
Officers.— The officers and directors are:
extending from Zoatzacoalcos to Salina Cruz, was formally
O ffic e r s .— S. Z . M itch ell, C h airm an ; H en ry L . D o h e r ty , P resid en t; R . E .
opened for operation b y President Diaz of M exico on Jan.
B
reed
an d H . T . H a rtm a n , V ice -P re sid e n ts; F . B . B a ll, S ecre ta ry a n d
23. See V . 83, p. 1591, 1230.
T rea su rer; A . E . S m ith , A sst. S ec. a n d A sst. T rea s.
Union Pacific R R .— Mortgage Satisfied.— Press dispatches
from Topeka; K a n ., 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 com pany on Jan. 16 in the
Circuit Court at Vicksburg on claims aggregating $39,000,
based on promissory notes and bonds of the com pany held
b y one of the plaintiffs.— V . 79, p. 105.
^ W a b a sh R R .— Listed.— The New Y ork Stock Exchange
has listed $13,718,900 additional preferred and $13,718,900
additional com m on stock, making the total am ounts 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 com m on from time to tim e, upon notice of issue in
exchange for debenture mortgage bonds, Series A and B,
making the total am ount authorized to be listed $40,500,000
preferred and $54,500,000 com m on stock. Compare V . 83,
p .f 626, 1099; V. 84, p. 52.
'JThe com pany states that on Jan. 7 debenture mortgage
bonds in the follow ing am ounts, deposited for exchange
under the terms of the plan, were delivered to and pledged
w ith the Bowling Green Trust C o., as trustee of the new
m ortgage.
D ir e c to rs .— H a rrison W illia m s , A . W . B u rch a rd , A . M . Y o u n g , A . W .
P a ig e , H . H . D e a n , J. D . M o rtim e r, W . E . H it c h c o c k , A . L o u d e n S n o w d e n ,
G eorg e B reed , J o h n H . C a th e rw o o d , R o b e r t B . H a m ilto n a n d M essrs.
M itch e ll, D o h e r ty a n d R . E . B re e d .— V . 8 3 , p . 1 59 2, 1472.
American Pipe Manufacturing Co., Philadelphia.— Annual
Report— Dividends.— This com pany, whose report for the
fiscal year ending Dec. 24 is given under the heading “ Annual
R eports” on a preceding page, has long paid dividends a t
the rate of 12% per annum. The capital stock was recently
increased from $4,000,000 to $5,000,000, bu t the January
dividend, calling for $120,000, was paid on the form er am ount
at the old rate. See V. 83, p . 273, 215.
A n n u a l D ivid en d R ecord— A m erica n P i p e M a n u fa ctu rin g C o.
Y e a r ................... . . 1 8 9 0 . 1 89 2. 189 3. 1894. 189 5. 1 8 9 6 t o 190 6, In clu sive
P e r c e n t . ................ 6
6
8
11X
13
1 2 % p er a n n u m (Q .-J .)
— V . 84, p . 160.
American Round Bale Press Co.— Reorganized Com pany.—
See American Cotton Co. above.
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
Trust Co. o f New Y ork 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
in our advertising columns. The com pany now has assets
aggregating $12,797,824, of which $5,697,108 is in United
States and State of New Y ork stocks, city , bank and other
I ssu ed .
P led ged .
U npledged.
“ A ” b o n d s ............... ................ ............$ 3 ,5 0 0 ,0 0 0
$ 2 ,9 5 7 ,0 0 0
C a lla b le at p a r.
securities; $833,774 is cash, $700,967 special deposits in
“ B ” b o n d s .............................................2 6 ,5 0 0 ,0 0 0
2 3 ,0 0 1 ,0 0 0
$ 2 ,4 9 9 ,0 0 0
banks and trust companies $1,191,975 premium notes and
E a rn in g s fo r F o u r M o n th s en d in g O ctober 31.
bills receivable and $4,374,000 in real estate. Compare
4 M os
G ross.
N et.
Other In c . Charges.
I m p r ’ ts. B a l .,s u r .
1 9 0 6 ______$ 9 ,7 8 2 ,9 8 7 $ 3 ,3 3 2 ,7 8 5 $39 1 ,0 9 5 $ 2 ,0 4 6 ,3 0 7 $ 3 5 ,8 2 8 $ 1 ,6 4 1 ,7 4 5
V. 78, p. 285.
1 9 0 5 ______ 8 ,5 6 5 ,8 2 5
2 ,8 5 6 ,3 9 2
. .......................... - ..........................
..................
Interest Certificates Called.— Six per cent interest on the
— V . 8 4 , p . 160 , 52.
outstanding certificates of profits will be paid to the holders
W ages.— Settlement with Locomotive Engineers.— The “ Rail thereof Feb. 5. The outstanding certificates of the issue of
w ay A ge” of Jan. 19 says:
1901 will be paid on Feb. 5 next, from which date all interest
A ft e r th e e x te n d e d co n fe re n ce s b e tw e e n r a ilw a y m a n a ge rs a n d r e p r e
thereon will cease. A dividend of 40% has been declared
s e n ta tiv e s o f th e B r o th e r h o o d o f L o c o m o t iv e E n g in eers o v e r q u e s tio n s o f
on the net earned premiums for the year ending Dec. 31
w a ges a n d h o u r s , a se ttle m e n t w as re a ch e d a t C h ic a g o this w e e k w h ic h w ill
a d d severa l m illio n d olla rs t o th e p a y rolls.
T h e t e r r it o r y c o v e r e d b y th e
1906, for which certificates will be issued on and after
s e ttle m e n t in clu d es all th e ra ilw a y s w e st o f a lin e ta k in g In F o r t W illia m ,
May 7. The total marine premiums for the year were
C a n ., S t. P a u l, C h ic a g o , S t. L o u is a n d N e w O rlean s, w e st t o th e P a cific
C oa st a n d s o u th t o th e M e x ica n b o r d e r , a n d th e te rm s o f th e a g re e m e n t are
$3,772,434, including $582,192 not marked off Jan. 1 1906.
su m m a r iz e d (in p a rt) as fo llo w s :
— V. 82, p. 220.
F re ig h t engineers r e c e iv e a flat Increase o f 40 ce n ts a d a y o f te n hours
o r less, 100 m iles o r less co n s titu tin g a " r u n . ”
O v e r-tim e p r o rata.
Binghamton (N. Y .) Light, Heat & Power Co.— Dividends
I n w o r k train a n d h elper s e r v ic e , w ages w ill re m a in th e s a m e , b u t th e hours
Begun on Common Stock.— The com pany, it is announced,
are re d u c e d fro m 12 t o 10 p e r d a y .
I n p a ssen ger s e r v ic e , engineers o n engines h a v in g c y lin d e rs u n d e r 18
has begun dividends on the $500,000 com m on stock with
n ch es in d ia m e te r r e c e iv e $3 75 p e r d a y o f 100 m iles o r less: o n engines
a declaration of 13 ^ % * payable, with the regular semi-an
h a v in g la rger c y lin d ers $4 p er d a y o f 100 m iles o r less.
In a rriv in g a t th e s e ttle m e n t, th e engineers fin a lly su rre n d e re d th eir c o n
nual 3 % on the preferred stock, on Jan. 15, to stockholders
te n tio n fo r an 8 -h o u r d a y basis.
of record Dec. 31. Compare V. 83, p. 1592; V. 81, p. 1612;
“ The railways will next be called upon to consider the de V. 75, p. 187.
mands of the Brotherhood of R ailw ay Trainmen, including
British Columbia Copper Co.— New Stock.— The share
conductors and brakem en, for increased wages, with the 8hour day for through freight runs as the principal contention.” holders will vote Feb. 13 on increasing the authorized capital
stock b y 200,000 shares, par $5 each, making the total
— V. 76, p . 1194,974.
capital $3,000,000. Shareholders of record Feb. 20 m ay then
Washington Water Power Co., Spokane, W ash.— New subscribe for $580,800 of the new stock to the extent of 30%
Stock.— The shareholders will vote March 4 on increasing the of their holdings, subscriptions to be paid $2 50 per share
authorized capital stock from $5,000,000 to $10,000,000 to March 11 and $2 50 May 10 1907. Members of the board
provide for im provem ents and additions, including, it is said: have agreed to take all the stock at par not subscribed for
>• A t least 5 0 ,0 0 0 h . p . t o th e c o m p a n y ’s p re se n t w a te r p o w e r d e v e lo p m e n t,
by the shareholders. Of the $2,000,000 stock at present
m a k in g In all a to ta l o f 7 0 ,0 0 0 h. p . In S p o k a n e : a 1 5 ,0 0 0 h . p . p la n t a t P o st
authorized, $64,000 is in the treasury. V. 78, p. 990.
F a lls , I d a ., a n d a stea m a u x ilia ry p la n t near R o s s P a rk t o d e v e lo p 6,000
h . p . w ith a m a x im u m c a p a c it y o f 3 0 ,000 h. p .
P a rt o f th e p o w e r w ill be
British Columbia Packers’ Association, Toronto.— D ivi
tr a n s m itte d t o th e C oeu r d ’ A len e m in in g d is tric t th r o u g h F o u r th o f J u ly
dend.— A dividend of 7 % has been declared on the $1,270,000
C a n y o n , p r a c t ic a lly d u p lic a tin g th e tra n sm issio n line n o w ru n n in g Into
th e ’ m ln ln g d is tric t, th e rest b e in g used fo r lig h tin g p u rp oses a n d o p e r a tin g
preferred stock, covering the period from Nov. 20 1904 to
street an d In teru rban lin e s.— V . 8 2 , p . 75 3 .
J a n . 26 1907.]
THE CHRONICLE.
May 20 1905, payable Jan. 31 1906 to holders of record
Jan. 21.— V. 83, p. 753.
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:
O w in g t o t h e d e v e lo p m e n t o f th e h o m e e le ctrica l tra d e h a v in g be e n m u ch
slow er th a n w as a n tic ip a te d , t h e scale o f th e w ork s has so fa r p r o v e d t o be
t o o la r g e , a n d sin ce th e w o rk s w e re d esign ed th e re h a v e b e e n co n s id e ra b le
c h a n g e s in c o n d it io n s o f m a n u fa c tu r e arising o u t o f ch a n g e s in ty p e s o f
a p p a r a tu s .
T h e d ir e cto r s th e re fo re r e c o m m e n d a re d u c tio n in th e c a p ita l
t o th e e x t e n t o f £ 1 ,3 7 5 ,0 0 0 .
O f th is a m o u n t it is p r o p o s e d t o d e v o te
£ 1 ,0 8 3 ,8 1 6 13s. 6 d . t o th e w ritin g d o w n o f p a te n ts a n d g o o d -w ill, w ork s
a n d e q u ip m e n t, m a teria l a n d s to c k in h a n d , & c ., a n d t o th e p r o v is io n o f an
a d e q u a te reserv e in r e sp e c t o f d e v e lo p m e n ts , c o n t r a c ts an d w o rk in p rog ress
u n d e rta k e n in p r e v io u s y ears.
It is p r o p o s e d t o d e v o t e t h e b a la n c e o f
£ 2 9 1 ,1 8 3 6s. 6 d . t o th e e x t in c tio n o f th e suspen se a c c o u n t a n d o f th e
b a la n c e a t th e d e b it o f p rofit a n d loss a c c o u n t .
T o m e e t th e a b o v e r e d u c tio n s in th e ca p ita l a ssets, th e d ir e cto r s r e c o m
m e n d t h a t th e share ca p ita l b e re d u c e d b y w ritin g o ff £ 2 p er share fro m
t h e 5 0 0 ,0 0 0 p r eferen ce shares an d £ 5 p er share fro m th e 7 5 ,0 0 0 o r d in a r y
sh a res. A t th e sam e tim e , th e d ir e cto r s r e c o m m e n d t h a t th e r a te o f d iv i
d e n d sh ou ld b e increa sed as fo llo w s : o n th e p re fe re n ce shares fro m 6 % t o
1 0 % a n d o n th e o r d in a r y shares fr o m 6 % t o 1 2 % ; th e d iv isio n o f a n y sur
p lu s p ro fits b e tw e e n th e t w o classes re m a in in g as a t p re s e n t, v i z ., % th e r e o f
a m o n g t h e p re fe re n ce a n d % a m o n g th e o r d in a r y shares.
T h is w o u ld re
su lt in t h e p r eferen ce shares b e in g e n title d t o th e sam e a m o u n t o f p re fe re n
tia l d iv id e n d as h e r e to fo r e an d th e o r d in a r y shares t o th e sam e a m o u n t
o f d iv id e n d as a t p resen t p a y a b le o n th e m , b e fo r e a n y d iv isio n o f surplus
p r o fits is m a d e b e tw e e n th e t w o classes o f shares.
In th e e v e n t o f liq u id a
t lo n th e rig h ts o f th e t w o classes o f shares rem ain as a t p re s e n t, so th a t th e
p r e fe re n ce shares shall first r e c e iv e £ 5 .p e r share b e fo r e a n y d is trib u tio n is
m a d e t o th e o r d in a r y sh ares. T h e v o t in g p o w e r w ill n o t b e a ffe c te d
C o m p a re V . 8 3 , p . 320 .
Calumet & Hecla Mining Co.— New Subsidiary.— See La
Salle Copper Co. below .— V. 83, p. 438.
Central Home Telephone Co. of Louisville, K y .— Purchase.
— This com pany has purchased the K entucky Telephone &
Telegraph Co. o f W inchester, K y ., for about $100,000.
Bonds Offered— Status.— The Thom pson-B row n C o., Cin
cinnati, and Lem on & W alther, Pittsburgh and Providence,
are offering for sale $110,000 25-year 5 % gold bonds, de
nom inations $100, $500 and $1,000, dated Jan. 1 1906 and
due Jan. 1 1926; interest payable Jan. 1 and July 1. Cou
pons payable at Columbia Trust Com pany, trustee, Louis
ville, K y ., and at Bank of Am erica, New Y ork City.
Capital stock authorized, $5,000,000; issued N ov. 1 1906,
$2,891,300. Bonds authorized, $5,000,000; outstanding
N ov. 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 2 5 % in stock.
A circular issued late in 1906 says in substance:
L o n g -d is ta n c e to ll lines n o w o w n e d a n d co n tr o lle d b y th e c o m p a n y
a m o u n t t o 1,400 m iles o f p o le lin e , co m p r is in g 4,3 8 0 cir c u it m iles.
T h ese
lin es s erv e 264 e x c h a n g e c o m p a n ie s a n d n e a rly 100 ,000 te le p h o n e s In
S o u th e r n O h io , S ou th ern In d ia n a , K e n t u c k y a n d A la b a m a , exclu sive o f
Its o w n 29 e x c h a n g e c o m p a n ie s a n d su b scrib ers in th ese S ta te s , In clu d in g
T en n essee. C o n tra cts h a v e b e e n clo s e d fo r th e c o n s tr u c tio n o f th e lo n g
d ista n c e line fro m S o u th B e n d , I n d ., t o C h ic a g o , w h ic h w ill b e c o m p le te d
b y s p r in g , g iv in g th e C en tral H o m e T e le p h o n e C o. d ir e ct c o m m u n ic a tio n
fr o m B ir m in g h a m , A l a ., v ia In d ia n a p o lis , I n d ., t o C h ic a g o .
P lan s h a v e
b e e n c o n s u m m a te d fo r th e c o n s tr u c tio n o f th e lo n g -d is ta n c e line fro m
B irm in g h a m t o M o b ile , A l a ., w h ere a n ew m o d e r n In d e p e n d e n t p la n t,
c o s tin g several h u n d red th o u s a n d d o lla rs. Is In o p e r a t io n ,a n d o w n e d b y
th o s e c o n tr o llin g th e C en tral H o m e T e le p h o n e C o .
K an sas C ity Is n ow
re a c h e d c o m m e r c ia lly b y th e c o m p a n y ’s lines v ia its C a iro , 111., p la n t and
S t. L o u is. M o. T h e re ce n t a c q u is itio n o f th e C a iro p la n t g iv e s th e C en tral
H o m e T e le p h o n e C o. a n o th e r e n tr a n c e t o C h ica g o a n d S t. L o u is o v e r Its
o w n lo n g -d is ta n c e lines.
T h e c o m p a n y ow n s o r c o n tr o ls th e In d e p e n d e n t L o n g -D is ta n c e T e le p h o n e
& T e le g r a p h C o. o f K e n t u c k y & In d ia n a , th e L o n g -D is ta n ce T e le p h o n e
& T e le g ra p h C o. o f A la b a m a , c o n tr o llin g th e lo n g -d is ta n c e lines in A la b a m a
a n d T en n essee, a n d th e C en tral H o m e T e le p h o n e C o .’s lines In K e n t u c k y
a n d Illin ois.
T h e C en tral H o m e T e le p h o n e C o. also o w n s , c o n tr o ls and
o p era tes ex ch a n g e s in th e fo llo w in g S tates a n d p la ce s : (1) In d ia n a — B lo o m
in g t o n , B e d fo r d , S e y m o u r , W a s h in g to n a n d V in ce n n e s: (2) K e n t u c k y —
M a y s v ille , C arlisle, C y n th la n a , P a ris. H o p k in s v ille , O w e n s b o r o , P a d u c a h ,
B e n to n , M a y field , F r a n k fo r t , C a rr o llto n , L a w r e n c e b u r g , G u th rie , M arion ,
S a lem , P r o v id e n c e . C la y , W in c h e s te r a n d V a n c e b u r g ; (3) Illin o is— C airo;
(4) A la b a m a — C u llm an a n d
D e ca tu r;
(5) T en n essee— C la rk sville
and
S p rin g field .
W ith in th e p a s t fe w w eek s a c o m p a n y has b e e n fo r m e d w ith a $ 1 5 ,0 0 0 ,0 0 0
ca p ita liz a tio n t o d e v e lo p th e te le p h o n e in te re st o f th e Illin o is T u n n e l C o.
o f C h ic a g o , 111., In w h ich th e o ffic ia ls o f th e C en tral H o m e T e le p h o n e Co.
o c c u p y Im p o rta n t p o s itio n s In o ffic e as w ell as d ir e cto r a te .
[See I n d e p e n
d e n t T e le p h o n e C o. o f C h ica g o in V . 84, p . 1 6 2 .— E d .]
A n n u a l E a rn in g s— P resen t and E stim a ted.
P resen t
--------E stim a te d ------------E a rn in o s.
1907.
W h en E xt'd .
N e t earnings o f p r o p e r tie s ----------- ------------$ 1 6 6,94 4
£ $ 2 1 2 ,7 4 7
j/$27 8,7 36
A n n u a l b o n d Interest on said p r o p e r tie s - 109,125
118 ,875
127,675
S u rp lu s fo r d iv id e n d s ---------------------------$57 ,819
R esults Central H om e T elephone C o .—
P r o p o r tio n o f a b o v e surplus a ccru in g t o
lt on Its h old in g s o f sto ck s o f su ch
p ro p e r tie s _______________________________ $47 ,612
P r o p o r tio n o f a b o v e b o n d Interest a c
cru in g to lt o n Its h old in g s o f b o n d s o f
33,103
su ch p r o p e r t ie s ____ ______ _____________
$ 9 3 ,8 7 2
$151,061
$77 ,5 2 8
$ 1 2 0,97 8
3 8 ,103
3 8 ,103
T o t a l a n n u al in c o m e ............... .................. $ 80 ,715
$115,631
$159,081
In teres t o n C en tral H o m e b o n d s th a t th e n w ill b e o u t s ta n d in g ______ 7 4 ,680
B a l a n c e ------------------------------------------------------------------------------------------------
$84 ,401
x C on tra cts h a v e b e e n m a d e u n d e r w h ich a d d itio n a l e x c h a n g e co m p a n ie s
w ill b e a b s o r b e d o n Jan . 1 1907. T h e e stim a te d ann ual net earnings fo r
1907 c o v e r all p ro p e r tie s , b a s e d o n presen t con d ition s.
[T h e a d d itio n a l e x
c h a n g e s , w h ic h w ere ta k e n o v e r as e x p e c t e d , In clu d e th e H o m e T e le p h o n e
C o. o f C a iro, 111., w ith 900 , a n d th e O ld K e n t u c k v T e le p h o n e & T e le g ra p h
C o . o f W in c h e ste r , K y ., w ith 1,600 t e le p h o n e s .— E d .l
V P lan s h a v e been co n s u m m a te d fo r en la rgin g th e p r o p e r tie s an d fo r
e x t e n d in g th e lo n g -d ista n c e lines Into fresh t e r rito r y w h ich w ill c o s t $64 6 ,4 0 0 , an d these are th e e stim a te d re su lta n t a n n u al net earnings o n all
p r o p e r tie s a fte r d e d u ctin g m a in te n a n c e , o p e r a t io n , ta x e s , Insurance and
all exp en ses e x c e p t b o n d in te re st.
A circular issued several months ago before control was
acquired o f the Cairo plant and o f the Long Distance Tele
phone & Telegraph Co. o f Alabam a and other properties
gave further details as follow s, but the total num ber of tele
phones operated b y the several exchanges controlled is now
reported as 17,530.
L o n g d is ta n c e to ll lines n o w o w n e d a n d c o n tr o lle d a m o u n t t o 850 m iles
o f p o le lin e, a n d serve 250 e x ch a n g e s a n d 6 0 ,0 0 0 te le p h o n e s In K e n t u c k y
223
a n d S o u th e r n I n d ia n a .
T h e 400 m iles o f p o le IJne u n d e r co u r s e o f c o n
s tr u c tio n w ill s e rv e d ir e ct In K e n t u c k y , O h io a n d S o u th e r n I n d ia n a 14 e x
ch an ges a d d itio n a l a n d 2 3 ,0 0 0 te le p h o n e s a d d itio n a l.
O v e r 9 0 % o f th e s t o c k , as Issued, is e m b r a c e d in a 1 0 -ye a r v o t in g tru st
w h e r e b y th e v o t in g p o w e r is v e s te d In th e C o lu m b ia T ru s t C o m p a n y
o f L o u is v ille , K y ., as v o t in g tru ste e , t o b e v o t e d in a c c o r d a n c e w ith In
s tr u c tio n s o f th e c o m m itte e o f fiv e , v iz .: E . L . B a rb e r, W a u s e o n , O .; H e lm
B r u c e , L o u is v ille , K y .; G . W . L e w m a n , L o u is v ille , K y .; C o l. J. D . P o w e r s ,
L o u is v ille , K y ., a n d J . C. M o n te ith , B lo o m in g t o n , In d .
S in k in g fu n d o f
o f 1 % , b e g in n in g J u ly 1 1910; % o f 1 % b eg in n in g
J u ly 1 1916; 2 % be g in n in g J u ly 1 1 92 1, co n tin u in g u n til m a t u r it y .
T elephone P ro p erties Owned and Con trolled ( N o t In clu d in g C erta in A c q u is i
tion s C overed b y L a ter C ir c u la r ).
Name.
Telephones.
N am e.
Telephones
Maysville (K y .) Telephone C o_____
612 oLawrenceburg (K y .) E xchange___ 226
Nicholas Hom e Tel.Co. .Carlisle, K y . 563 ftGuthrie (K y .) E xchange__________ 140
Cynthiana (K y .) Telephone C o____ 457 fcSalem (K y .) E x ch a n g e ................... 115
B ourbon County H om e Telephone
6Clay (K y .) E x ch a n g e --.................. ..
80
C o., Paris, K y __________________ 864 ^Providence (K y .) Exchange______ 172
K entucky & Indiana Telephone &
^Marion (K y .) Exchange__________ 303
Telegraph C o., Owensboro, K y . . 1,224 K n ox County H om e Telephone Co.,
Paducah (K y .) Hom e Tel. C o_____ 916
Vincennes, In d__________________ 1,320
Marshall C ountyT el.C o.,B enton,K y
98 Daviess County Hom e Telephone
Mayfield (K y .) H om e Telephone Co. 260
Co., W ashington, In d ......... .......... 907
H opkinsville (K y .) H ome Tel. C o . . 756 Bedford (In d.) Hom e Tel. C o............1,069
Frankfort (K y .) Telephone C o_____ 515 Bloom ington (In d .) H om e Tel. C o .-1,250
Carrollton (K y .) Telephone E x ch - .
Seymour (In d.) Home Tel. Co------ 510
Long distance toll lines (850 miles of pole line).
T o t a l..................................................................................................................................12,667
a U ndivided part o f Ind. L . D . T . & T . Co.
b N ot companies. Form undivided parts of Central H om e Telephone Co.
Colonial Telephone Co. of Newburg, N. Y .— Foreclosure
Sale.— This com pany’s property, it is stated, was recently
bid in at foreclosure sale for $15,000 by Howard Hendrickson,
President of Albany H om e Telephone Co. The Union Trust
Co. of New Y ork was mortgage trustee.
Consolidated Gas Co., New York.— Report.— See “ Annual
R eports” on a preceding page.
New Trustees.— A t the annual meeting W alter T . Bliss
and Louis M. Greer were elected trustees in place of Thomas
F. R yan and Frank T ilford .— V . 83, p . 1526.
Consolidated Steamship Lines.— M erger Plan for M orse
L in es.— It is now said that the proposed merger plan om its
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 o f the new com pany, w ith possibly a
stock bon u s.— 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 Y ork Gas & Electric Light, Heat & Power
C o., V. 68, p. 773.
Copper Range Consolidated Co.— Not to Be Included—
M erger Plans Doubtful.— President W illiam 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. D oubt is expressed as to
merger being concluded w ithout the Copper Range Consoli
dated.— V. 84, p. 161.
CruciblefSteel Co. of America.— Payment of N otes.— 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.— V. 83,
p. 1526, 971.
Dayton (0 .) Gas Light & Coke Co.— New O fficers.— On
Jan. 17 R obert R . D ickey, son of ex-President D ickey, was
elected to succeed his father; W . K . Callahan was chosen
Vice-President and W . B. Gebhart, Cashier of the City Na
tional Bank, was elected Secretary. A press dispatch says:
N o a c tio n w as ta k e n o n th e discre p a n cie s r e p o r te d b y e x p e r t M u n ster
e x c e p t t o r e fe r th e m a tte r t o th e E x e c u tiv e C om m ittee'.
I t is r e p o r te d th a t
this p h a se o f th e s itu a tio n w ill b e ta k e n u p la te r, as th e d eficien cies a m o u n te d
t o m o r e th a n $ 1 8 9,00 0 in five y e a rs, $13 1 ,0 0 0 o f w h ic h , lt Is c la im e d b y th e
In v e stig a tin g c o m m it t e e , sh o u ld b e ea sily tr a c e a b le , If s p e n t fo r m u n ic ip a l
o r S ta te le g isla tio n d u rin g th e p a s t t w o y e a rs. S ee V . 8 4 , 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 D etroit
has authorized the Michigan Trust Co. of Grand R apids,
as receiver, to issue $75,000 receivers’ certificates and to
start up the plant at M arlborough.— V . 83, p. 1350.
Granby Consolidated Mining, Smelting & Power Co., Ltd.
— Listed.— The New Y ork Stock Exchange has listed $10,308,100 capital stock, and has authorized the listing from
time to tim e, 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 am ount authorized to be listed $13,500,000.
Compare V . 83, p. 1349, 1095.
Home Telephone Co., Mobile, A la.— New Stock.— This
com pany, it is stated, has increased its authorized capital
stock from $350,000 to $500,000. In April last the stock
holders authorized an issue of $350,000 bonds. (Compare
Central Hom e Telephone Co. of Louisville, above.)
Hudson Navigation Co.— Not Included in Merger P lan .—
See Consolidated Steamship Lines Co. a b ov e.— V . 84, p. 162,
International Silver Co.— Injunction.— Vice-Chancellor
Bergen has granted an injunction in the suit brought by
224
THE CHRONICLE.
Edw ard R . Thomas in May last preventing the banks w ith
w hom was pledged $8,010,500 of the com m on stock of the
International Silver C o. from, voting on the sam e.
T h e s t o c k I n v o lv e d In th e su it Is p a r t o f th e $ 9 ,0 6 8 ,4 0 0 c o m m o n an d
$ 5 1 5 ,8 0 0 p referred s t o c k o f t h e In te r n a tio n a l S ilve r C o . o r ig in a lly a c q u ir e d
b y th e U . S . S ilv er C o r p o r a tio n a n d at th e t im e o f th e p u rch a se o f its en tire
s t o c k b y th e In te r n a tio n a l C o m p a n y In Jan . 1903 in t h e tre a su ry o f th e
U . S . S ilver C o r p o r a tio n . C o m p a re V . 7 6 , p . 106; V . 8 2 , p . 1044. T h e
c o u r t holds th a t th e c o m p a n y w as disq u a lifie d fr o m v o t in g o n th e s t o c k ;
t h a t th e s to c k w as n o t p le d g e d as s e c u r ity , b u t s im p ly t o re sto re t o It a
v o t in g p o w e r th a t th e p led gees m ig h t e x e rcise in th e Interest o f th e d ire c
to r s in o ffic e .
T h e c o u r t sa y s: “ It w as a p a lp a b le a tte m p t t o e v a d e th e
la w a n d t o secu re th e ben efit o f th e v o t e s w h ic h th e s t o c k w o u ld represen t
in th e h an d s o f a d u ly qu a lified o w n e r .” — V . 8 2 , p . 1044.
Iola (Kan.) Portland Cement Co.— Change in Control.—
The control of this com pany has been purchased b y a syn
dicate represented b y S.' H . G. Ham ilton of Youngstow n,
O ., including, it is said, St. Louis, Cleveland and Youngs
tow n capitalists. One account states that the purchase
price was par ($25 per share) for the com m on and 110 ($27 50
per share) for the preferred; another report says that drafts
for $0,000,000 were received b y the German Savings Bank
at D avenport, la ., for distribution am ong the shareholders.
The new interests have elected either for the old, or a suc
cessor, corporation S. H. Bassett, President; J. A . Lewis,
Vice-President, and J. W . Perry, Secretary and Treasurer,
all of St. Louis. See V. 83, p. 1350.— V. 84, p. 162.
La Salle Copper Co.— New Subsidiary for Calumet & Hecla.
— This com pany has been incorporated under the laws of
Michigan with $10,000,000 capital stock, in shares of $25
each, to take over the control of the properties of the Tecum seh Copper C o., the La Salle and Caldwell companies (under
option to Calumet & Hecla) and certain lands contributed
b y the Calumet & Hecla and the Sheldon estate. The Calu
met & Hecla Mining Co. will own a m ajority of the capital
stock and manage the enterprise. Of the 54,959 shares
o f $25 each of the Tecumseh Mining C o., over 48,000
shares, it is said, have been deposited with the Calumet &
Hecla in exchange for the shares of the La Salle Copper Co.
on the basis of four shares of new stock, total par value $100,
for three shares of the Tecum seh, total par value $75. The
Boston "Financial News” of Dec. 28 1906 said:
T h is c o m p a n y w ill h a v e 4 00 ,000 shares o f ca p ita l s t o c k , p a r $25, fu ll
p a id .
T h ere are t o be 302 ,9 7 7 shares issu ed fo r th e p r o p e r tie s a b o v e re
fe rr e d t o . lea v in g 97,0 2 3 shares In th e tr e a s u r y .T h e C a lu m et & H e cla
w ill c o n t r ib u te $ 1 ,0 0 0 ,0 0 0 fo r tre a su ry p u rp o se s a n d agrees t o len d th e
c o m p a n y in a d d itio n $ 7 5 0,00 0 if n e e d e d .
S to c k c o n tr o l w ill rest w ith th e
C a lu m et & H e cla In retu rn fo r la n d an d cash c o n t r ib u te d .
T h e p rop erties
e n terin g th e c o n s o lid a tio n are: D o u g la s a n d S h e ld o n e s ta te s , 400 acres
L a Salle (A s s o c ia tio n ), 840 acres; T e c u m s e h , 560 acres; C a ld w ell, 560
a cres; t o t a l, 2,3 6 0 acres.
T h e new c o m p a n y ’s p re se n t m in era l e x p e c t a
t io n s a re c o n fin e d t o th e K e a rsa rg e lo d e , w h ic h has b e e n d e m o n s tra te d
b y d ia m o n d drill o n th e C a ldw ell p r o p e r t y , an d b y th e s h a fts o f th e T e c u m
seh o n th e n orth ern e n d o f th e c o m b in e d p r o p e r t y . [C o m p a re r e p o r t o f
C a lu m et & H e cla M in ing C o. in V . 8 3 , p . 209.[
T h e d irectors o f th e L a Salle C o m p a n y are A le x a n d e r A g a s s iz , R u d o lp h e
L . A g a s siz , Q u in cy A . S haw J r ., T h o m a s L . L iv e r m o r e a n d Jam es M acN a u g h to n .
Lawrence (Mass.) Gas Co.— Dividend Increase.— A press
report announces the declaration of a semi-annual dividend
o f 4 % , payable to stockholders of record Jan. 25, thus
increasing the annual rate from 6 % to 8 % . See V. 83, p .690.
Long Acre Electric Light & Power Co., New York.—
Favorable D ecision.— The Appellate Division of the Supreme
Court, First Departm ent, b jr a vote of 3 to 2 (Justice Scott
writing the prevailing opin ion ), on Jan. 19 affirmed the
decision of Justice Dowling granting a perem ptory man
damus to com pel the Consolidated Telegraph & Electrical
Subway C o .,to permit the Long A cre Co. to use its conduits
for a cable containing three conductors in its subway from
N o. 548 West 42d St. east to 7th Ave.. and north to the Cri
terion Theatre, at 44th St. and Broadw ay. Compare Man
hattan Transit Co. item , V. 83, p . 894.
T h e c o m p a n y c la im e d th e rig h t as su cce sso r t o th e A m e rica n E le ctrica l
M a n u fa c tu r in g C o ., th e v a lid it y o f w h o s e fra n c h is e , w h ic h w as g ra n te d in
1 8 8 7 , w a s d isp u te d .
T h e C o u rt says:
“ I f fo r a n y p u b lic reason th ere is a
d o u b t as t o th e v a lid it y o f th e t it le , th a t q u e s tio n ca n b e raised b y th e
p r o p e r m u n icip a l au th oritie s w h e n a p p lic a tio n Is m a d e fo r a p e r m it.
If not
th e n raised th e q u estion is o f n o c o n c e r n t o th e r e s p o n d e n t .”
T h e L ong
A c r e C o m p a n y , it Is s ta te d , is th e o n ly o n e n o t id e n tifie d w ith th e C o n s o li
d a t e d G as in terests w h ic h has a fra n ch ise fo r fu rn ish in g e le ctr ic lig h t in
M a n h a tta n . T h e c o m p a n y ’s o ffic ia ls are q u o t e d as c la im in g th a t th e d e
cis io n op en s th e w a y t o c o m p e t it io n in a b r o a d e r field w ith th e C o n so lid a te d
In terests, th e suit b e in g re g a rd e d as a te st case.
Mackay Companies.— Listed.— 'The New Y ork Stock E x
change has listed $50,000,000 4 % cum ulative preferred stock
and $41,380,400 com m on stock. The com pa n y’s statement
shows that, besides holding stock in a large number of tele
graph and cable companies of the Commercial Cable-Postal
Telegraph system , ‘ ‘it is the largest stockholder in the
Am erican (Bell) Telephone & Telegraph C o.” and also owns
stock in the follow ing subsidiaries of that com pany (compare
v . 8 2 , p. 699.)
■. - o ^ i a u o a c i a Q c
B ell T e le p h o n e C om p a n ie s o f BufTalo, C a n a d a , M issouri a n d P h ila d e lp h ia ;
C en tral D istrict & P rin tin g T e le g r a p h C o ., P ittsb u rg h : C ity & S u b u rban
T e le p h o n e C o .. C in cin n a ti; C o lo r a d o T elephon e. C o ., C u m b e rla n d T e le p h o n e
& T e le g r a p h C o ., H u d so n R iv e r T e le p h o n e C o ., M issouri & K an sas T e le
p h o n e C o ., N eb ra sk a T e le p h o n e C o ., N ew E n gla n d T e le p h o n e & T e le g ra p h
C o .. N ew Y o r k & N ew Jersey T e le p h o n e C o ., P a cific S ta te s T e le p h o n e &
T e le g r a p h C o ., P e n n s y lv a n ia T e le p h o n e C o ., P io n e e r T e le p h o n e & T e le
g ra p h C o .. P r o v id e n c e T e le p h o n e C o ., R o c k y M ou n ta in B ell T e le p h o n e C o ..
S o u th e r n N ew E n gla n d T e le p h o n e C o .. W e s te rn T e le p h o n e & T e le g ra p h C o ,
The Mackay Companies also owns stock in the following
independent telephone companies: Citizens’ Telephone Co.
o f Grand Rapids, Kansas City Home Telephone C o., Tri-
l x x x iv
.
State Telephone & Telegraph Co. and Youngstow n (O .)
Telephone C o.
P r o fit and L o ss A c c o u n t o f M a c k a y C o m p a n ies fo r 11
M o n th s E n d in g
J a n . 15 1907.
I n c o m e fro m in v e s tm e n ts ___________________________________________ $ 3 ,2 1 1 ,3 7 2
D e d u c t — O p e ra tin g e x p e n s e s ________________________________________
20 386
D iv id e n d s p a i d _____________________________________________ _______ - _ 2 ,9 8 5 ,8 7 4
B a la n ce , su rp lu s____________________________________________________ $ 2 0 5,11 2
[T h e d iv id e n d s as a b o v e in clu d e 4 % o n th e p re fe rre d , o r $ 1 ,7 4 4 ,4 6 2 , an d
3 % o n th e c o m m o n , $ 1 ,2 4 1 ,4 1 2 ; t o t a l, $ 2 ,9 8 5 ,8 7 4 . T h e d iv id e n d ra te on
th e c o m m o n sh ares, th e r e to fo r e 1 % s e m i-a n n u a lly in J a n u a ry a n d J u ly ,
w as in O c to b e r last c h a n g e d t o 4 % p e r a n n u m , w ith th e p a y m e n t o f a
q u a rte r ly 1 % o n O ct. 1, m a k in g 3 % in all fo r th e ca le n d a r y e a r 1906.
— E d .]— V . 8 4 , p . 163.
Manhattan Transit Co.— Favorable D ecision.— See Long
Acre Electric Light & Power Co. a b o v e .— V. 83, p. 894.
Maine Steamship Co.— Reported Change in Control.— A
press report from Portland, M e., states that the New Y ork
New Haven & Hartford R R . has bought control of this
steamship line,*plying between New Y ork and Portland.—
V. 83, p. 275.
Marion (0.) Manufacturing Co.— Bankruptcy.— At Toledo
on Dec. 31 this com pany, manufacturer of threshing m a
chines, filed a petition in bankruptcy. A press dispatch
says: “ The com pany, capitalized at $340,000, has $210,000
liabilities, with m ore than $400,000 assets.” Compare V. 83,
p . 1174.
Massachusetts Lighting Co., Boston.— Acquisition.—
This com pany, it is announced, has purchased control of
the Northam pton (Mass.) Electric Lighting C o., w hich, it
is said, has a capital stock of $117,400; surplus of $75,000;
no bon ds, and incom e for year ending June 30 1906 of, gross,
$60,000; net, $29,000; dividend, 10% per annum .— V. 83,
p. 99.
Montreal Steel Works.— Dividend.— The com pany, it is
stated, paid early this month a dividend of 4J^% on the
com m on stock, making with the interim dividend of 2J^%
paid on the stock last summer 7 % for present fiscal year.—
Compare V. 83, p. 216, 972, 1174.
Montreal Water & Power Co.— Listed in. London.— The
London Stock Exchange has listed the £252,200 first m ort
gage 4 % prior lien gold bonds of £100 each (Nos. 1 to 1,822
and 2,001 to 2,700 registered). See V. 78, p. 106.
National Supply Co., Toledo.— Stock Dividend.— This
West Virginia corporation, which manufactures oil well
and plumbers’ supplies, its stock being listed on the Toledo
Stock Exchange, has increased its capital stock from
$2,000,000 to $4,000,000 by the addition of $2,000,000 8 %
non-cum ulative preferred stock, and will distribute the same
as a 100% stock dividend for the purpose of dividing a
portion of the accum ulated surplus, provided the sharehold
ers at their meeting on F eb. 13 approve.
T h e sto ck h o ld e rs are re q u e ste d t o d e p o sit th e ir s t o c k ce r tific a te s w ith
th e B ankers’ T ru st C o ., W a ll S tre e t, N ew Y o r k , o n o r b e fo r e Jan . 2 6 ,
re c e iv in g in e x ch a n g e 1 0 0 % o f c o m m o n s to c k a n d 1 0 0 % o f t h e n ew 8 %
n o n -c u m u la tiv e p re fe rre d s to c k . T h e c o m m itte e h a v in g th e m a tte r in
ch a rg e co n sists o f W illia m H a rd e e . E . C. C o n v e rse , F . L . P o t t s , A r th u r F .
L u k e an d Jam es H . B arr. T h e p ar v a lu e o f th e shares is $100 an d d iv i
den d s o f 8 % t o 1 0 % per an n u m h ave been p a id , q u a rte r ly in J a n u a ry , & c.
A t last a c c o u n ts $ 1 ,6 7 0 ,0 0 0 o f th e $ 2 ,0 0 0 ,0 0 0 s to c k w a s o u ts ta n d in g .
O ffice rs: W illia m H a rd e e , P resid en t; W . C. H illm a n , F irst V ic e -P r e sid e n t;
J. H . B arr, S e co n d V ice -P r e s id e n t; E . B. K in g , T reasu rer; T . W . P r a t t .
S e cre ta ry .
P residen t W illia m H ardee Is q u o t e d as sa y in g : " O u r p o lic y has been t o
a c c u m u la te a surplus in o rd e r t o Increase o u r re so u rce s, an d n o w th at th is
surplus has passed th e t w o -m lllio n m a rk , w e h a v e d e cid e d t o g iv e th e
s to ck h o ld e rs th e ben efit o f it.
A s w ill be seen , u n d e r o u r $ 4 ,0 0 0 ,0 0 0
c a p ita l w e w ill still h a v e a surplus o f m o re th a n $ 3 0 0 ,0 0 0 .”
New England Gas & Oil Co., Boston, Mass.— Liquidation.
— For record it should be stated that this com pany, having
failed to make m oney out of its oil properties, votedUast
August to go into liqu idation .— V. 80, p. 1734.
New York & New Jersey (Bell) Telephone Co.— Listed.—
The New Y ork Stock Exchange has listed the com pany’s
$18,930,500 capital stock and has authorized the listing of
$6,310,100 new shares recently offered for subscription
(V. 83, p. 1595) from time to time on official notification of
issue, making the total authorized to be listed $25,240,600.
Directors.— The directors include with others:
E d g a r V a n E t t e n , w h o w ill s h o r tly b e c o m e P re s id e n t; W illia m J. C lark,
G en eral M an ager o f th e G eneral E le c tr ic C o .; W illia m H . L a m p re c h t, o f
L a m p re c h t B r o s ., o f C le v e la n d ; G . T r a c y R o g e r s , P re sid e n t o f th e B in g
h a m to n R a ilw a v C o .: W illia m H arris, th e a trica l m a n a g e r, an d J o h n C.
S h e e h a n .— V . 7 6 . p . 1358.
[V o l.
G ross.
$
E a rn in g s fo r T en M o n th s ending Oct. 31 1906.
N et.
In terest. T a x es.
D ivid en d s (3 ). B a h .s u r .
$
$
$
$
$
Tot. su r.
5
6 ,1 3 1 ,4 8 5 1 ,697,801 5 9 ,2 1 3 125 .000 ( 4 y3 % ) 799 .5 3 4 7 1 4 .0 5 4 4 .7 1 1 ,8 8 3
N o te .— T h e d iv id e n d s , lo n g 7 % per ann um ( 1 H % q u a rte r ly a n d 1 %
e x tr a In J a n u a r y ), are e x p e c t e d t o be 1 \ % q u a rte rly b e g in n in g A p ril 15
190 7. See V . 8 3 , p . 1595.
Niagara Falls Power Co.— See Niagara Power^Companies
below .— V. 84, p. 163.
Niagara Power Companies.— Authorized to''Import Power
from Canada.— Secretary Taft on Jan. 19 issued perm its'for
the im portation of 160,000 electrical horse pow er, generated
on the Canadian side of Niagara Falls, into the United States,
viz.:
A sk ed fo r.
C o m p a n y—
A u th orized .
8 ,0 0 0 h. p .
In te rn a tio n a l R a ilw a y C o . _
1,500 li. p .
9 0 ,0 0 0 h. p .
O n ta rio P o w e r C o. (V . 8 2 ,__p_____
. 6 3 2_________________
). .
. . 60,0 0 0 h. _p.
------n..
__
C a n adian Vltirrflro
N iag ara T?olln
Falls P o w
e r C o . (N iagara
Falls P o w e r C o . ) ________
_____ 5 2 ,5 0 0 h. p .
121 ,500 h. p .
E le c tr ic D e v e lo p m e n t C o. (V . 84, p . 53)
- -4 6 ,0 0 0 b. p.
6 2 ,500 h. p .
A ll these p erm its are r e v o c a b le at ple a su re , a n d . In th e a b s e n ce o f fu rth er
le g isla tio n b y C on gress, w ill e x p ir e on Ju n e 29 1909.
T h e p e rm it t o th e
In te rn a tio n a l R a ilw a y C o. w ill b e held in rese rv e until a de cisio n Is m a d e
b y th e C a n adian G o v e rn m e n t in a c o n t r o v e r s y be tw e e n th e c o m p a n y and
th e co m m issio n e rs o f Q ueen V ic t o r ia P ark co n c e r n in g th e tran sm ission o f
th e p o w e r th ro u g h th e p a rk .
C o m p a re V . 83, p . 159.
Ontario Power Co.— See Niagara Power C om paniesabove.
— V. 82, p. 632.
J a n . 26 1907.]
THE CHRONICLE
Pennsylvania Salt Manufacturing Co.—Right to Subscribe
to New Stock.— Stockholders of record Feb. 14 are offered the
right to subscribe at $100 per share (par §50) for $1,000,000
new stock to the extent of one share for every four shares of
their respective holdings, thus increasing the outstanding
stock to $5,000,000. A circular says in substance:
O n A p ril 24 1901 th e s to c k h o ld e r s v o t e d I n f a v o r o f Increasin g th e ca p ita l
s t o c k fro m $ 2 ,5 0 0 ,0 0 0 t o $ 5 ,0 0 0 ,0 0 0 .
In Ju n e 1901 1 0 ,000 shares w ere
issu ed a t $100 p e r sh a re, o r $ 1 ,0 0 0 ,0 0 0 .
I n M a rch 1904 2 0 ,0 0 0 shares w ere
Issued a t $7 p e r sh are, or $ 1 ,5 0 0 ,0 0 0 , m a k in g th e to t a l Issue t o d a te
8 0 ,0 0 0 sh ares, p a r v a lu e $ 4 ,0 0 0 ,0 0 0 .
T h e $ 2 ,5 0 0 ,0 0 0 re c e iv e d fo r new
s t o c k w as e n tirely a b s o r b e d In c o n s tr u c tio n a n d Im p r o v e m e n ts at th e P h ila
d e lp h ia , N a tro a a a n d W y a n d o tt e w o rk s , th e a g g re g a te e x p e n d itu re s
a m o u n tin g t o o v e r $<‘5 ,000,000.
T h e a d d itio n a l su m w as a p p ro p r ia te d fro m
t h e su rplu s earnings a fte r p r o v id in g fo r d iv id e n d s .
A ll o u r sta te m e n ts as
t o th e p r o b a b le su ccess o f th e new w o rk s h a v e b e e n fu lly co n fir m e d .
T o keep a b rea st o f th e tim e s a n d t o o b t a in th e best p o s s ib le results u n d er
e x is tin g Industrial c o n d itio n s , th e d ire cto rs h a v e v o t e d t o m a k e fu rth er
ex te n sio n s In th e a lu m in a , a c id , c o p p e r a n d a lk ali d e p a rtm e n ts , w h ic h , a c
c o r d in g t o estim a tes, w ill re q u ire an e x p e n d itu r e o f n e a rly $ 2 ,0 0 0 ,0 0 0 .
W it h this in v ie w , th e d ire cto rs r e c o m m e n d th a t 20,0 0 0 shares o f n e w s to c k
b e o ffe r e d t o th e s to c k h o ld e r s a t $100 p e r sh a re , p a y a b le 5 0 % M ay 1 1907,
5 0 % N o v . 1 1907. S crip ce rtifica te s w ill b e Issued, c o n v e r tib le Into s to c k
a ft e r N o v . 1 190 7, a n d in te re st a t 6 % p e r a n n u m t o O ct. 1 1907 w ill be a l
lo w e d o n all a m o u n ts p a id p r io r t o th a t d a te .
S to c k h o ld e r s m a y a n tic i
p a t e all p a y m e n ts if so de sire d .
T h e n e w s t o c k w ill c o m m e n ce t o earn
d iv id e n d s fro m O ct. 15 1907 an d w ill p a r ticip a te in th e re gu la r d iv id e n d
A p r il 15 1 9 0 8 .— V . 78, p . 1114.
People’s Gas Light & Coke Co., Chicago.— 6 % Dividend
Rate Restored.— The directors yesterday declared a quarterly
dividend of 13 ^% > restoring 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 . 81, p. 1796; V. 82, p. 28 4).— V . 83, p. 1595.
Rock Island Improvement Co.— Bonds Pledged.— See
Chicago R ock Island & Pacific R y . under “ Railroads'
above and also in V. 83, p. 1227, 1228.
Springfield (O.) Light, Heat & Power Co.— Called Bonds.—
Bonds of Jan. 1 1892 o f the Springfield Light & Power Co.,
num bered 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
o f increase of com m on stock from $2,500,000 to $5,000,000.
The preferred stock (7 % non-cum ulative) remains $2,500,000.
Par of shares, $100.— V. 82, p. 338.
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,
o f 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 lim ited number of leading em
p loyees.”
The annual report for 1906 showed gross business for the
year am ounting to “ upwards of $20,000,000.” The com
pany was incorporated in 1889. See V. 84, p. 54.
Tecumseh Copper Co., Boston.— Sale.— See La Salle Cop
per Co. a b o v e .— V. 68, p. 525.
United Bank Note Corporation.— New Office Building.—
This com pa n y’s subsidiary, the American Bank Note Co.,
has let the general contract for the erection of the new
office building, which is to be built at Nos. 70 to 72 Broad
S t., New Y ork, at a cost of about S300,000.— V. 83, p. 1102.
United Electric Securities Co.,
The American Loan & Trust Co. of
for redemption at 103 and interest
outstanding 14th series collateral
p. 513.
Boston.— Called Bonds.—
B oston , trustee, has called
on Feb. 1 1907 all of the
trust 5 % b on d s.— V. 81,
United States Carbonate Co.— See editorial “ Liability of
T ru st C om pany,” & c., on a preceding page.— V. 75, p. 736.
United States Rubber Co.— Advance in Prices Subject to
Further Change.— The com pa n y’s new price list, made public
last week, advances prices 5 % over last year, but instead of
being fixed for the entire year they are made “ subject to
change w ithout n o tice .” — V. 84, p. 54.
Western Canada Land Co., L td.— Listed in London.— The
London Stock Exchange has listed 150,000 vendors, shares
o f £1 each, fully paid. Compare V. 82, p. 457.
Westinghouse Electric & Manufacturing Co.— Reduction of
Stock by Subsidiary.— See British Westinghouse Electric &
M anufacturing Co. above.— V. 83, p. 1361, 1234.
Yankee Fuel Co.— Mortgage.— The com pany, incorporated
in Colorado in 1906 with $5,000,000 capital stock, all of one
class,and all issued, full paid, has made s mortgage to the
United States M ortgage &■Trust Co. of New Y ork, as trustee,
to secure an issue of $2,500,000 first mortgage 5 % sinking
fu nd gold bonds (denom inations $1,000 each c*& r), dated.
O ct. 1 1906, due O ct. 1 1926, but subject to call at 110 and
interest b y a sinking fund described below . The bonds are
offered by E. D. Shepard & Co. of New Y ork .
T h e b o n d s h a v e a n a n n u al sin k in g fu n d b e g in n in g 1911 o f 10 ce n ts per
t o n o f c o a l o f 2,000 lbs. m in e d , a n d in a d d itio n o n e -h a lf o f th e net annual
s u r p lu s , th e p r o c e e d s t o b e in v e s te d in b o n d s a t n o t o v e r 110 a n d interest
I f n o t p u r c h a sa b le , tlie b o n d s m a y be draw n b y lo t at th e sam e p r ice , all
b o n d s a c q u ir e d , w h eth er p u rch a se d o r d ra w n , t o be c a n c e le d .
T h e b on d s.
It is s t a t e d , are scou red b y an a b s o lu te lirst lien on 11,3 8 4 .7 0 acres o w n e d in
fee a t Y a n k e e , N ew M e x ico , o n th e S a n ta F e R a to n & K astern R R ., p a rt
o f th e S a n t i Fe L ib e ra l & E n g le w o o d R R . system (see item u n d er th a t
• caption u n d er " R a i l r o a d s ” a b o v e ) : also b y c o a l rig h ts in 1 6 ,3 7 3 .4 4 acres:
'9»-5rear lease o n 1 ,6 7 9 .9 0 a cre s , a n d all e q u ip m e n t o f th e m in e s , in clu d in g
t o w n -s lt e I m p r o v e m e n ts , th e se la tte r b e in g e s tim a te d t o b e w o rth $ 1,3 5 6 ,3 1 6 .
225
— W illiam C. Ashwell, senior mem ber of the New Y ork
Stock E xchange house of Ashw 11 & C o., at 30 Broad Street,
was killed last Monday while boarding a trolley car uptow n.
Herbert H . K n ox , his business partner, has organized the
new firm of Herbert H. K nox & Co. at the same address
to continue the old concern’s business. Samuel D aughty
will be associated with him. Mr. Ashwell, who was a native
of New Y ork and about sixty-six years of age, had an inter
esting career in the South African diam ond fields, where
early in life he and his brother Thomas w re engag d in the
wool business at Cape T ow n. W e are inform ed that Mr.
Ashwell was on a hunting trip in the interior when th dis
covery of diamonds was made in 1868. Quitting the w ool
business, the Ashwells soon established themselves in the
diam ond fields. W hen the great K im berly mine was found
later, W illiam C. and Thomas Ashwell were am ong 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 K im berly mine at a purchase price of
$6,000,000. After returning to this coun try, he tried to
interest ex-Governor E . D . Morgan to finance a com pany
to buy the lands. Failing in his endeavors, Mr. Ashwell
allowed his option to lapse and in later years the K im berly
mine was bought b y 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
and employees are referred to the annual statements for
1905 of The Guarantee Company of North Am erica and of
the United States Guarantee Com pany, presented in our
advertising columns to-da y. Each com pany has added
materially to its surplus during 1906, besides paying its
usual dividends. The surplus of each com pany has been
accumulated wholly from earnings— no part of it having
been contributed b y stockholders. Both companies are
under practically the same management , being that which
introduced fidelity insurance on this continent over forty
years ago. Each com pany 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 H and-B ook of Railroad
Securities, com piled by the publishers of the “ Financial
Chronicle,” is now ready. The book contains in a small
compass very full inform ation concerning the various rail
roads and the leading industrials whose securities are dealt
in on New Y ork , Boston and Philadelphia Stock Exchanges.
It shows their earnings, dividends, & c., for a series of years,
present fixed charges, and also the amounts of the differen
issues of bonds outstanding, their rates of interest, &c.
There is also given the m onthly range of stocks and bonds for
1905 and 1906, together with a yearly range for four years.
Price $1, or to “ Chronicle” subscribers, 75 cents.
— A . O. Slaughter, one of the pioneer stock-brokers of
Chicago, died of heart failure at San A ntonio, Texas, on
Tuesday evening last at 6 o ’clock. Mr. Slaughter came to
Chicago just after the close of the Civil W ar, and established
a small brokerage office on Clark Street. By reason of his
upright and courteous m ethods, his business rapidly increased,
and Mr. Slaughter soon became identified w ith the leading
financial movements of the city . He was one of the founders
of the Chicago Stock Exchange, its executive officer for a
long time and a member of the Governing Committee from
its inception.
— Mann, Bill & C o., dealers in collateral loans, notes and
bonds, at 38 Wall Street, this city , are distributing a little
cardboard folder, one of the pages of which contains a table
showing W all Street m oney rates for each week o f the year
1906.
The data are in part made up from the records given
in the “ Chronicle,” and the statement in form is much like
the annual money tables given in our “ Financial R ev iew ,”
only more condensed. The folder should be convenient
and useful to those interested in the m oney market.
— Messrs. Curtis & Sanger, 38 W all Street, New Y o rk , and
with offices in Boston and Chicago, are offering for in
vestment $250,000 Southern Railway Co. 3-year 5 % de
benture notes, due Feb. 1 1910, to net 6 % , and $250,000
Chicago & Alton R R . Co. 5-year 5 % collateral trust notes,
due Jan. 1 1912, to net 534% - A- full description of these
issues will be mailed upon request.
— T ob y & Lamarche, investm ent bankers, at 25 Broad
Street, this city, have prepared an interesting circular dis
cussing the merits of “ Gas, Electric Light and Street R ail
way Securities as an Investm ent.” The firm will mail copies
o f this circular on application.
— The Casualty Co. of Am erica, 52 W illiam Street, shows
gross assets on Dec. 31 of $1,879,874. This is an increase
for the year of $233,676. The statement will be found in
another column.
— The business of the old firm of Chas. S. Purinton & C o.,
Boston, which dissolved on Dec. 31 last, will be continued
under the name of Collins, Spalding & Co. at 10 Post Office
Square.
— Denning & M agoffin, 49 W all St., are buying Richm ond
Passenger & Power Co. 5s and the other issues connected
with this pro pert}'.
THE CHRONICLE.
226
[V ol.
l x x x iy
.
COTTON.
Friday Night, January 25 1907.
T H E M OVEM EN T OF T H E CROP as indicated by our
telegrams from the South to-night is given b e l o w / For
C O M M E R C IA L E P IT O M E .
the week ending this evening the total receipts have reached
Friday Night, Jan. 25 1907.
294,162 bales, against 339,479 bales last week and 312,936
W ith more seasonable weather general trade is, if anything , bales the previous week, making the total receipts since
better than recently, though snow blockades have occurred the 1st of September 1906, 7,016,565 bales, against 5,610,653
in parts of the W est. Manufacturing industries have been bales for the same period of 1905-06, showing an increase
decidedly active and iron and steel sales extend for a year since Sept. 1 1906 of 1,405,912 bales.
ahead. Money is easier and the feeling generally confident.
R eceip ts at—
T u es.
W ed.
T h urs.
F r i.
S a t.
M on.
T otal.
Speculation continues dull.
L A R D on the spot has declined, owing to increasing sup G a lv e s t o n ___
14,350 22,124 32,211 15,937 25,729 22,744 133 ,095
__
__ __
plies and offerings, larger receipts of live hogs and a reaction P o r t A r t h u r ____ __
__ __ __
C o rp . C h rist!, &c
in the market for futures at the W est. Trade has been dull N ew O rle a n s ____ 15,375 7,0 7 5 19,119 14,499 12,597 7,988 7 6 ,6 5 3
840
1 ,013
1,755
1 ,366
1,825
1,203
8,0 0 2
at the decline. City is quoted at 9.10c. and Western at M o b ile ________
_
_ __
__
P e n s a c o l a _______
9 .4 0 @ 9 .5 0 c. Refined lard has been dull and easier in tone, J a c k s o n v ille , & c. _
"■74 __
""74
though without marked change in quotations; refined Con S a v a n n a h . . . _ 5 ,217 13*589 5,317 6,806 5,6 4 8 4,053 4 0 ,6 3 0
_
s w i c k ______
2 ,1 1 4
2 ,1 1 4
tinent 9.90c., South Am erica 10.75c. and Brazil in kegs CB hr ua nr le
174
s t o n _____
465
431
■ '* 9 2
” 416
"312
__ __ 1 ,8 9540
54
11.75c. The market for futures at the W est has shown a G e r o g e t o w n ____ _
i l m i n g t o n ____
1,082
355
907
4 ,7 5 4
"4 3 6
319
1,655
reactionary tendency of late. Early in the week the tone W
N o r fo lk
_____
2,1 4 7
1,660 16 ,280
3,078
3,387
2,4 2 5
3,583
1,126
was stronger, owing to support from packers, commission- N ’ p o r t N e w s, & c. __
1,1 2 6
ew Y o r k _____ _
174
494
* "* 2 6
50
’ "244
house buying and covering of shorts. But the upward m ove N
B o s t o n --------------"7 5 1
457
5 ,2 4 3
668
817
881
1,669
__
......
ment was soon checked b y realizing and sales for a decline. B a ltim o re _____
3,628
3 ,6 2 8
125
R eceipts of hogs have been increasing, the spot trade has P h ila d e lp h ia ____ ---- ---- ---- ’ "1 2 5 ---- ........... ___
been dull and bull speculation in futures has, for the time
T o t a ls th is w ’ k 41,5 3 0 4 8,9 4 8 64,913 4 3 ,1 8 3 48,397 47,191 2 9 4 ,1 6 2
being, at any rate, been less popular.
D A IL Y 1 C L O S IN G T P R IC E S
S a t.
J a n u a r y d e liv e r y ............... 9.2 5
M a y d e liv e r y ____________ 9.42J3
J u ly d e liv e r y ____________ 9.4 5
O F L A R D F U T U R E S I N C H IC A G O .
M on.
T u es.
Wed,.
T h urs.
F r i.
9 .3 2 H
9 .2 7 K
9 .2 0
9.223^
9 .4 0
9 .5 0
9.4 5
9 .4 0
9 .4 2 ^
9 .6 0
9 .5 5
9 .4 7 X
9 .4 2 ^
9 .4 7 ^
9.65
P O R K on the spot has been dull and steady. Mess
$17 50 @ $ 18 , clear $18@ $19 and fam ily $18 50 @ $ 1 9 . Cut
meats have been irregular within a narrow range. Trade
has been quiet and lim ited to jobbers. Pickled shoulders
8 @ 8 ^ c . , pickled hams l l j ^ @ 1 2 c . and pickled bellies, 14 @
10 lb s., 1 0 % @ 1 0 % c . Beef has been quiet and generally
steady. Mess $ 8 @ $ 8 50, packet $11 @ $ 1 2 , fam ily $14 5 0 @
$15 50 and extra India mess $18 50 @ $ 19 . Tallow has been
dull but firm on light supplies; City 63^c. Stearines have
been quiet and steady; oleo 113^c. and lard 1034c. Butter
has been firmer on small supplies; cream ery, extras, 313^@
32c. Cheese fairly active and steady; State, factory, 143^c.
Eggs have declined on liberal offerings; Western firsts 25J^c.
O IL .— Cottonseed has advanced on covering of shorts
and manipulation; prime summer yellow 463^@ 47c. Lin
seed has been quiet and firm; City, raw, Am erican seed,
4 2 @ 4 3 c.; boiled 4 3 @ 4 4 c.; raw, Calcutta seed, 70c. Lard
has been fairly active and firm; prime 7 7 @ 7 9 c. Olive has
been quiet and steady; yellow 6 5 @ 7 0 c. and green 6 0 @ 6 2 c.
Cocoanut has been firm on continued scarcity of supplies,
recent arrivals having been absorbed. Cochin 10c. and
Ceylon 9J^@ 93^c. Peanut has been quiet and steady; yel
low 5 0 @ 6 0 c. Cod has been m oderately active and firm;
dom estic 3 6 @ 3 7 c. and Newfoundland 3 8 @ 4 0 c.
CO FFEE on the spot has been more active and firmer;
R io N o. 7, 6 % @ 7 c .; Santos No. 4, 7 ^ @ 7 % c . W est India
growths have been in m oderate demand and steady; fair to
good Cucuta 8 3 ^ @ 9 c. The market for future contracts has
ruled firmer in the main. The receipts at Rio and Santos
have decreased, and a further reduction in the m ovem ent is
expected by some.
Speculation has been dull, many be
ing disposed to hold aloof for further developments.
The closing prices were as follows:
J a n u a r y __________5 .4 0 c .
F e b r u a r y ________ 5 .4 0 c .
M a r c h ___________ 5 .5 5 c .
A p r i l ____________ 5 .6 0 c .
| M a y ......... ...................5 .6 5 c . I S e p te m b e r ............... 5 .8 0 c .
|J u n e _______________ 5 .7 0 c . j O c to b e r __________ 5 .9 5 c.
I J u l y _______________ 5 .7 5 c . | N ovem ber _______ 6 .0 0 c .
IA u g u s t ____________ 5 .8 0 c . | D e c e m b e r ________ 6 .0 5 c .
S U G A R .— Raw has been dull and easy, but without im
portant change in quotations. Centrifugal, 96-degrees test,
3 1 5 -3 2 @ 3 ^ c .; m uscovados, 89-degrees test, 2 31 -32@ 3c.;
and molasses, 89-degrees test, 2 2 3 -3 2 @ 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 .6 5 @ 4 .7 0 c.
Spices have been fairly
active and steady. Teas have been more active and firm.
Hops have been dull and firm.
P E T R O L E U M has advanced with an active demand for
both dom estic and export trade. Reports from the pro
ducing centres indicate that developm ent work is backw ard.
Refined, barrels, 7.75c., bulk 4.50c. and cases 10.25c.
Naphtha has been fairly active and steady; 7 3 @ 7 6 degrees,
13c. in 100-gallon drums. (Drums $8 extra.) Gasoline has
been active and firm; 89 degrees, 21c. in 100-gallon drums.
Spirits o f turpentine has been fairly active and steady at 73c.
Rosin has been firmer with a good dem and; com m on to good
strained, $4 3 5 @ $ 4 40.
TO BACCO .— The general situation shows no essential
change. Quotations have been generally firm. Trade in
dom estic leaf, according to most reports, shows some further
im provem ent, while offerings have continued rather light.
H avana has ruled quiet and firm.
C O PPE R has been fairly active and firmer; lake 2 5 ^ @
2 5 % c; electrolytic 2 5 J ^ @ 2 5 ^ c . Lead has been quiet and
steady at 6 .3 0 @ 6 .3 5 c. Spelter has been quiet and firmer at
6 ^ @ 6 .8 0 c . Tin has been in fair demand and firm; Straits
42.10c. Iron has been quieter and easy; N o. 1 Northern
$23@ $25; No. 2 Southern $22 2 5 @ $ 25 .
The follow ing shows the w eek’s total receipts, the total
since Sept. 1 1906, and the stocks to-n igh t, com pared with
last year:
1906-07.
R eceip ts to
J a n . 25.
T h is
w eek.
1905-06.
S in ce S ep
1 1906.
G a lv e sto n
133,095 2 ,7 1 5 ,5 6 2
P t . A r t h u r ___
92,2 4 0
28.148
C orp u s C hristl &c
76,653 1,612,673
N ew O rleans .
8,002
204,301
M o b i l e _______
88 ,488
P e n s a c o la ____
74
5,322
J a c k s o n v ille , & c .
S a v a n n a h ..
4 0 ,630 1 ,2 1 6 ,0 22
124,795
2,114
B ru n sw ick
122,914
1,890
C h arleston
1,063
54
G e o rg e to w n _
276,705
4,754
W ilm in g to n .
4 17 ,819
16,280
N o r fo lk _______
21,402
1,126
N e w p o rtN e w s &c
494
12,868
N ew Y o r k
38,597
B o s t o n _______
5,243
33,277
3,628
B a ltim o re
4,169
125
P h ila d e lp h ia _
__
S tock.
S in ce S ep
1 190 5.
36,019 1,874,691
83,449
28,661
948
32,797 1,007,041
5,372
187 ,420
107,510
4,336
11,563
756
12,622 1 ,1 3 4 ,1 4 4
138,276
2,147
1,724
148,127
189
808
277 ,796
2,894
7,546
496 908
1,049
13,697
1,939
47,352
458
4 7 ,6 3 0
1,967
74
3,641
__
190 7.
1906.
413 ,1 0 7
15 0 ,8 7 7
399 ,007
69,1 8 0
3 1 7 ,7 6 3
43,174
___
___
___
177,428
17,485
14,233
___
___
___
9 5 ,7 1 5
11,995
3 6 ,6 0 5
16,689
48,248
5.006
143,752
9,173
6 ,6 1 0
2,562
2 1 3 ,4 9 3
7 ,2 0 2
1 1 .327
4 ,4 4 6
294 ,162 7 ,0 1 6 ,5 6 5 110,898 5 ,6 1 0 ,6 5 3 1 ,3 2 2 ,4 8 0
9 4 2 ,3 7 6
...
T o t a l _______
T h is
w eek.
1 0.321
3 9 ,4 5 8
___
In order that com parison may be made w ith other years,
we give below the totals at leading ports for six seasons:
1903.
1902.
R eceip ts at—
1907.
G a lv e s to n , & c.
N ew O rle a n s .
S a v a n n a h ___
C h a rle sto n , &c
W U m in g 'n ,& c
N o r f o l k ______
N ’p o r t N ., &c
A ll o t h e r s -------
133 ,095
76,6 5 3
8.002
40,630
1,944
4,754
16,280
1,126
11,678
36,967
32,797
5,372
12,622
1,913
2,894
7,546
1,049
9,7 3 8
38,201
62,195
4,8 2 8
19.039
1,236
2,961
8,224
319
19,667
52,2 4 3
45,8 2 3
2,811
19,464
967
4,6 2 2
9,869
324
5,2 6 0
60 ,593
51,958
4,849
32,779
2,114
4,1 0 8
11.377
422
16,017
4 6 ,3 5 0
6 6 ,1 5 4
2 .5 1 8
2 0 ,1 7 2
5 ,2 4 0
4 ,1 6 4
11,421
586
3 6 ,0 3 3
T o t a l th is w k .
294 ,162
110 ,898
156 ,670
141,383
184,217
1 9 2 ,6 3 8
1906.
1904.
1905.
S in ce S e p t. 1 . 7 ,0 1 6 ,5 6 5 5 ,6 1 0 ,6 5 3 6 ,5 0 1 ,2 0 4 j5 ,958 ,074 5,8 1 8 ,8 7 7 5 ,7 8 4 ,2 1 1
The exports for the week ending this evening reach a
total of 250,203 bales, of which 89,935 were 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:
Week ending Jan. 25 1907. ; From Sept. 1 1906 to Jan. 25 1907.
Exported to—
Exported to—
Exports
pom —
: Great
ContiBritain. F r’nce. nent.
G a lv e sto n ------1 65,036
.419
P ort Arthur___ ____
Corp.Christi.&c! ____
New O rleans.. 12,385 ",650
M o b ile _______
P e n sa co la ____
Fem andina . .
Savannah ____
Brunswick-----Charleston-----W ilm ington__
N o r fo lk ______
Newport News
2,901J 2,
New Y o r k -----4,462' _
Boston ---------2,639' 2,
B a ltim o re -----260! Philadelphia - .
Portland. M e.-I 2,2501 San Francisco.:
Seattle ---------T a co m a ----------1
Portland, Ore.;
P e m b in a -------D etroit..............|
Total.
Great
Britain. France
25,489 107,944
299.58J
40,180
48,602 74.637
10,547 10.547
211,56(
45,175 25,91f
30,762 26,432
23’,533 23",533
113,016 42.67S
56,150
8.420 13,950
330| 4,792
16! 5,099
361
621
2,250
1,097
1,097
5,731
5.731
10V.72i
2,367
4,220
118,271
74.967
50,982
29.298
3,834
V.OOC
,191
,78f
I ____
4.555
Conti
nent.
Total.
632.174 2 .043.808
52,060
92,240
1.547
1.547
446.29f 1 .159,498
38.68S
109,774
40,014
97,208
10C
100
523,331 679.02&
34,17?
90,328
18.065
18.063
160.83C 258.551
3,373
5,740
4 .2 2 0
l V 2 .ii;
2 5 9 ,5 7 7
11,85;
86.822
49.28S 105,056
1.19S
30.496
3.834
47,816
47.816
44.44C
44.440
17,637
17,637
’ 1.855
1.855
4 ,5 5 5
T otal..............| 89,935!36,142|l24,126 250,203 2,289,186 646,14' 2,226.859 5,162,190
Total 1905-06.: 44.644
395 38,073 83.112 1,878,36!! 541,726 1,612.515 4,032,610
In addition to above exports, our telegrams to-night also
give us the follow ing am ounts of cotton on shipboard, not
cleared, at the ports nam ed. We add similar figures for
New Y ork.
O n S h ipb oard , N o t C leared fo r—
G reat
J a n . 25 at— B ritain . F ra n ce
G er
m an y.
Other
C oa st
F o r e ig n w ise.
2",000
11,000
1,000
3,000
1.800
13,000
3*. 800
2,000
T o t a l 1 9 0 7 .. 135 ,846
T o t a l 1 9 0 6 .. 54,3 5 4
T o t a l 1 9 0 5 .- 35,589
4 1 ,730
14,070
14,360
89,800
37,925
43,365
35,401
24,529
46,9 7 0
56,3 5 9 359,136
18,287 149,165
16,330 156 ,614
5 1 ,027
62,809
750
13,479
23,051
26,565
34,135
9,500
¥ .260
1,200
4 .8 0 0
17,012
12,489
100
L ea v in g
stock.
Total.
1,267 109 ,350
21,536 154 ,020
2,100 12,450
2,000
2,000
2,200 16,460
27,256 27,256
8,6 0 0
29,0 0 0
N e w O rlea n s . .
G a l v e s t o n ------.S a v a n n a h ____
C h a r l e s t o n ___
M o b ile .
N o r f o l k ----------N e w Y o r k ____
O th e r p o r t s ___
28 9 ,6 5 7
25 9 ,0 8 7
164 ,978
12,233
52,7 2 0
20,992
1 35,152
28,525
963 ,3 4 4
793,211
665 ,088
The speculation in cotton for future delivery has been on a
very restricted scale, and, like last week, the opposing in
fluences represented b y big receipts on the one hand and a big
.spot demand and consum ption on the other have so nearly
balanced each other that the net result of the fluctuations
is that prices stand about where they were a week ago.
Influences which have m ilitated against im provem ent in
prices have been a noticeable falling off in the spot business
at Liverpool, some depression in the stock market, and, as
already intim ated, 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,
w orld ’s supplies have on the whole increased quite noticeably
as contrasted with 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
tim e last season and 12,767,600 bales for the like period tw o
years ago. Meantime the speculation continues as dull as
ever. On the other hand, the spot markets have been uni
versally strong, particularly on the high grades, which still
com m and 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
b y the Exchange on the 23d inst., is expected ultim ately to
have a good effect. There is a new agitation, however, in
fav or of dropping the grades known as G ood 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 w hat, to
m any, looks like an unparalleled consum ption. Mr. Ellison
has raised his estimate of the w orld’s consum ption of Am eri
can cotton to 12,371,000 bales, figures w hich, large as th ey
are, seem to the bulls decidedly conservative. They also
la y stress on the large weekly takings b y 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 said 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
bu t firm, closing at 11c. for Middling, an advance for the
week of 20 points.
The rates on and off m iddling, as established N ov. 21 1906
b y the Revision Com m ittee, at which grades other than
m iddling may be delivered on contract, are as follows:
F a i r ----------------- c . 2.00 on
Strict mid. l a i r . . . 1.75 on
M iddling fair_____ 1.50 on
Barely mid. fa ir .. 1.25 on
Strict good m i d . . . 1.00 on
F ully good m id — 0.88 on
G ood m iddling— 0.76 on
Barely good m id .. 0.57 on
S trict m id d lin g -.. 0.3S on
M id d lin g_________
Basis
Strict low m id -.c . 0.14 off
Fully low m id ------0.32 off
Low m iddling____0.50 off
Barely low m id___0.70 off
Strict good o r d __ 0.90 off
Fully good o rd ___1.07 off
G ood ordinary____1.25 off
Strict g’ d mid. tgd. 0.30 on
Good mid. tin ged.
Even
Strict mid. tin ged. 0.06 off
Middling t in g e d .c .
Strict low m id.ting
Low mid. tin g e d -.
Strict g'd ord. ting
Fully mid. stained
Middling s ta in e d ..
Barely mid.stained
Strict low m. stain
Fully 1. m . stained
Low m id. stained.
0.12
0.46
0.90
1.25
0.42
0.50
0.78
1.50
1.75
2.00
off
off
off
oft
off
off
off
off
off
off
On this basis the official prices for a few of the grades for
the past week would be as follows:
S at.
M on.
T u es.
W ed.
T h u rs.
Fri.
G o o d O rd in a ry . ________
L o w M id d li n g --------------------M i d d l i n g ---------..
G o o d M i d d l i n g ------------------M id d lin g F a ir ---------------------
9 .5 5
10.30
10.80
11.56
12.30
9.5 5
10.30
10.80
11.56
12.30
9.6 5
10.40
10.90
11.66
12.40
9.6 5
10.40
10.90
11.66
12.40
9 .9 5
10.50
1 1.00
11.76
12.50
9.95
10.50
11.00
11.76
12.50
GULF.
G o o d O r d in a r y ------------L o w M id d lin g --------------------M id d lin g .
--------------G o o d M id d li n g ------------------M id d lin g F a i r .................... ..
9.80
10.55
11.05
11.81
12.55
9.80
10.55
1 1.05
11.81
12.55
9.90
10.65
11.15
11.91
12.65
9.90
10.65
1 1.15
11.91
12.65
10.00
10.75
11.25
12.01
12.75
10.00
10.75
1 1.25
12.01
12.75
8.80
10.30
10.34
10.80
8 .8 0
10.30
10.34
10.80
8.90
10.40
10.44
10.90
$.90
10.40
10.44
10.90
9.00
10.50
10.54
11.00
9.00
10.50
10.54
11.00
U PLAN D S.
S T A IN E D .
M i d d l i n g ___________________
S t r ic t L o w M id. T in g e d . . . .
G o o d M id d lin g T in g e d ____
The quotations for m iddling upland at New York
Jan. 25 for each of the past 32 years have been as follows
190 7 .C
1 9 0 6 ____
1 9 0 5 ____
1 9 0 4 .. .
1 9 0 3 __ .
1 9 0 2 ____
1901
1 9 0 0 _____
. . 1 1 . 0 0 11899.C______
. .1 1 .8 0 |1898________
. . 7 .1 0 1 1 8 9 7 _____
. . 1 5 . 2 5 |1896________
. . 8.95 11895________
._ 8.31 |1894________
- .1 0 .1 2 11893 . . . . ..
. 7 .9 4 |1892________
227
THE CHRONICLE.
J a n . 26 1907.]
6.37 11891.
5 .8 8 |1890
7 .2 5 j 1889.
8.31 11888.
5 . 6 9 |1887.
8.06 |1880.
9 .5 6 ! 1 88 5.
7.6 2 11884.
c ...........9.3 7 | 1883c. .
-----(-----1 1 .0 0 11 8 8 2 . . .
----------- 9 .8 8 1 1 8 8 1 .
-----------10.12 1 8 8 0 _____
-----------9 .5 0 i 1 87 9.
_______ 9.19 |1878
_______ 11.19 '1 877
_______ 10.69 1 8 7 6 _____
..1 0 .1 9
..1 1 . 9 4
...1 1 .8 1
...1 2 .6 2
. . . 9.44
...1 1 .1 2
...1 3 .3 1
...1 3 .0 0
F U T U R E S .— The highest, lowest and closing prices at
New Y ork the past week have been as follow s:
o g lo g
ra?
7TO
o g io g lo g K O g
o g lo g
O GOrT3O I CO P
:tto 1 p‘ T
7TO
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coco
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coco
coco
03 Co
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CD CO
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IS
T H E V IS IB L E SU P P L Y OF COTTON to-night, as made
up b y cable and telegraph, is as follow s. Foreign stocks,
as well as the afloat, are this w eek’s returns, and conse
quently all foreign figures are brought down to Thursday
evening. But to make the total the com plete figures for
to-night (F riday), we add the item of exports from the
United States, including in it the exports of Friday only.
J a n u a r y 25.
1907.
1906.
190 5.
1904.
9 4 0 ,0 0 0
6 3 3 ,0 0 0
S t o c k a t L i v e r p o o l ............... b a le s . 8 2 2 ,0 0 0 1 ,1 4 0 ,0 0 0
S t o c k a t L o n d o n __________________
11,000
1 2 ,000
12,0 0 0
1 8 ,0 0 0
S t o c k a t M a n c h e s t e r ______________
6 2 ,0 0 0
5 3 ,0 0 0 4 5 ,0 0 0
7 1 ,0 0 0
T o t a l G rea t B rita in s t o c k ...........
S to c k a t H a m b u r g ________________
S t o c k a t B r e m e n _______ __________
S t o c k a t A n t w e r p ________________
S t o c k a t H a v r e ____________________
S t o c k a t M arseilles________________
S t o c k a t B a rce lo n a - .........................
S to c k a t G e n o a . . . ...........- .................
S to c k a t T r i e s t e ...................................
T o t a l C o n tin e n ta l s t o c k s _______
8 9 5 ,0 0 0 1 ,2 0 5 ,0 0 0
11,000
11,000
3 8 9 ,0 0 0
3 9 3 ,0 0 0
_______
_______
223 ,0 0 0
2 6 1 ,0 0 0
3 ,0 0 0
3 ,0 0 0
17,000
1 4 ,000
1 26 ,000
5 7 ,0 0 0
1,000
2 ,0 0 0
7 7 0 ,0 0 0
T o t a l E u ro p e a n s t o c k s ..................1 ,6 6 5 ,0 0 0
In d ia c o t t o n a flo a t fo r E u r o p e ___ 175,000
A m e r ic a n c o t t o n a flo a t fo r E u ro p e 8 9 1 ,1 9 8
E g y p t ,B r a z il,& c ,a flo a t fo r E u ro p e
6 6 ,0 0 0
S to c k in A le x a n d r ia , E g y p t ______ 2 4 5 ,0 0 0
S to c k in B o m b a y , I n d i a ............. ..
4 9 4 ,0 0 0
S to c k In U . S. p o r t s _______________ 1 ,3 2 2 ,4 8 6
S to c k in U . S . Interior t o w n s ______ 6 6 1 ,3 5 9
U . S . e x p o r ts t o - d a y . . .......................
3 2 ,2 3 3
7 4 1 ,0 0 0
1 ,9 4 6 ,0 0 0
179 ,000
4 7 8 ,0 0 0
7 3 ,0 0 0
207 ,0 0 0
8 0 7 ,0 0 0
9 4 2 ,3 7 6
7 2 0 ,1 1 4
23,319
9 9 7 ,0 0 0
15,0 0 0
4 4 2 ,0 0 0
4 ,0 0 0
1 79 ,000
3 ,0 0 0
3 7 ,0 0 0
4 3 ,0 0 0
3 ,0 0 0
7 2 6 ,0 0 0
7 2 2 ,0 0 0
9 ,0 0 0
3 4 3 ,0 0 0
4 ,0 0 0
2 4 4 ,0 0 0
3 ,0 0 0
5 9 ,0 0 0
3 8 ,0 0 0
2 ,0 0 0
7 0 2 ,0 0 0
1 ,7 2 3 ,0 0 0 1 ,4 2 4 ,0 0 0
8 3 ,0 0 0
140 ,000
5 7 3 ,0 0 0
5 6 3 ,0 0 0
5 2 ,0 0 0
2 7 ,0 0 0
2 0 2 ,0 0 0
2 4 8 ,0 0 0
3 9 9 ,0 0 0
3 4 0 ,0 0 0
8 2 1 ,7 0 2
7 8 6 ,6 8 9
6 9 6 ,5 7 8
4 5 0 ,9 8 9
28,337
2 9 ,9 7 6
T o t a l v is ib le s u p p ly ____________ 5 ,5 5 2 ,2 7 0 5 ,3 7 5 ,8 0 9 4 ,5 7 8 ,6 1 7 4 ,0 0 9 ,6 5 4
O f th e a b o v e , to ta ls o f A m e r ic a n an d o th e r d e s crip tio n s a re as fo llo w s :
L iv e r p o o l s t o c k . ....................b a le s .
7 3 8 ,0 0 0 1 ,0 1 2 ,0 0 0
M a n ch ester s t o c k . .............................. 4 8 ,0 0 0
4 6 ,0 0 0
C on tin e n ta l s t o c k ........ .............. .........
7 17 ,000
6 9 6 ,0 0 0
A m e rica n a flo a t fo r E u r o p e _______
891 ,198
4 7 8 ,0 0 0
U . S. p o r t s t o c k s ........ .......................... 1 ,3 2 2 ,4 8 0
9 4 2 ,3 7 6
U . S. In te rio r s t o c k s ________ _____ _
661 .359
7 2 0 ,1 1 4
U . S. e x p o r t s t o - d a y . .........................
3 2 ,233
23,319
T o t a l A m e r i c a n ________________ 4 ,4 1 0 ,2 7 0 3 ,9 1 7 ,8 0 9
E a st In d ia n , B ra zil, & c .—
L iv e r p o o l s t o c k ____________________
8 4 ,0 0 0
1 28 ,000
L o n d o n s t o c k _____________________
11,000
1 2 ,0 0 0
M an ch ester s t o c k _________________
1 4 ,000
7 ,0 0 0
C o n tin e n ta l s t o c k _________________
5 3 ,0 0 0
4 5 .0 0 0
In d ia a flo a t fo r P u r o p e ___________
1 7 5 ,0 0 0
179 ,0 0 0
E g y p t , B ra z il, & c ., a flo a t ________
66,0 0 0
7 3 ,0 0 0
S t o c k in A le x a n d r ia , E g y p t _____
2 4 5 ,0 0 0
2 0 7 ,0 0 0
S t o c k in B o m b a y , I n d i a . . . ...........
4 9 4 ,0 0 0
8 0 7 ,0 0 0
8 6 1 ,0 0 0
3 8 ,0 0 0
6 8 2 ,0 0 0
5 7 3 ,0 0 0
821 ,7 0 2
6 9 6 ,5 7 8
28,337
5 4 8 ,0 0 0
6 2 ,0 0 0
6 7 0 ,0 0 0
5 6 3 ,0 0 0
7 8 6 ,6 8 9
4 5 0 ,9 8 9
2 9 ,9 7 6
3 ,7 0 0 ,6 1 7 3 ,1 1 0 ,6 5 4
7 9 ,0 0 0
12,000
7 ,0 0 0
4 4 ,0 0 0
8 3 ,0 0 0
5 2 ,0 0 0
2 0 2 ,0 0 0
3 9 9 ,0 0 0
8 5 ,0 0 0
18,0 0 0
9 ,0 0 0
3 2 ,0 0 0
1 4 0 ,0 0 0
2 7 ,0 0 0
2 4 8 ,0 0 0
3 4 0 ,0 0 0
T o t a l E a st I n d ia , & c ___________ 1 ,1 4 2 ,0 0 0 1 ,4 5 8 ,0 0 0
8 7 8 ,0 0 0
8 9 9 ,0 0 0
T o ta l A m e r i c a n ________________ 4 ,4 1 0 ,2 7 0 3 ,9 1 7 ,8 0 9 3 ,7 0 0 ,6 1 7 3 ,1 1 0 ,6 5 4
T o ta l Visible s u p p ly ____________ 5 ,5 5 2 ,2 7 0
M id d lin g U p la n d , L iv e r p o o l...........
5 .9 0 d .
M id dlin g U p la n d , N ew Y o r k ------1 1 .0 0 c.
E g y p t , G o o d B r o w n , L iv e r p o o l. 10 l l - 1 6 d .
P e r u v ia n . R o u g h G o o d , L iv e r p o o l
9 .4 0 d .
B r o a c h , F in e , L i v e r p o o l . . _______ 5 l -1 6 d .
T ln n e v e lly , G o o d , L iv e r p o o l...........
15H d.
5 ,3 7 5 ,8 0 9 4 ,5 7 8 ,6 1 7 4 ,0 0 9 ,6 5 4
6 .1 7 d .
3 .6 8 d .
8 .5 2 d .
1 1 .7 0 c .
7 .0 0 c .
1 6 .0 5 c .
8 ll-1 6 d .
7 l-1 6 d .
10M d.
8 .7 5 d .
1 0 .3 0 d .
9 .7 5 d .
5 l l - 1 6 d . 3 15-1 6 d .
7% d.
5J^ d.
4 l-1 6 d .
7% d.
Continental im ports past week have been 227,000 bales.
The above figures for 1907 show an increase over last week
of 58,843 bales, a gain of 176,461 bales over 1906, an ex
cess of 973,653 bales over 1905 and again o f 1,542,616 bales
over 1904.
THE CHRONICLE.
228
A T T H E IN T E R IO R TO W N S the m ovem ent— that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-n ight, and the same items for
the corresponding period for the previous year— is set out
in detail below.
V o l. lx x x iv
.
Q U O TATIO N S FO R M ID D LIN G COTTON A T O T H E R
M A R K E T S .— Below are the closing quotations of middling
cotton at Southern and other principal cotton -markets for
each day of the week:
C losin g Q uotations fo r M id d lin g Cotton on —
W eek ending
J a n . 25.
S a t’day.
G a lv e sto n ______ 1034
N e w O rle a n s ___ i o n
M o b i l e _________ 10J*
W ilm in g t o n . _ - 10
B o s t o n ________
B a lt i m o r e _____
P h ila d e lp h ia _.
A u g u sta —
___
M em phis _____
S t. L o u is
.. .
H o u s t o n ___ _____
L ittle R o c k ____
10.80
10 %
11.05
10%
10 5-16
10
1034
9 Vi
M on d a y. Tuesday. W ed 'd a y. T h ursd’ y. F r id a y .
10 34
\ 0H
1034
10 1-16
10
10
1034
10.80
10 H
11.05
10H
10 5-16
10H
1034
9K
10X
10 H
10 'A
10 1-16
10
10
10^
10.80
10%
11.15
105-6
10 5-16
1034
1034
9 j|
10H
10 %
10 k'
10 3-16
10
10
i o >4
10.90
10 %
11.15
105$
10 5-16
10J4
1034
9Vt
10 9-16
10 7-16
10 7-16
10 3-16
10
10 34
10 34
10.90
10 %
11.25
10*3
10 5-16
10 %
10 9-16
9Va
10 9-16
10 7-10
10>i
10 3 -1 6
10
1034
10 '4
1 1 .0 0
10 H
11.25
10 ys
10 5-16
1034
10 9-16
10
The closing quotations to-day (Friday) at other im portant
Southern markets were as follows:
A t l a n t a _________ 10 9-16 |M o n tg o m e r y ______ 10
j R a l e i g h ------------------- 10J4
C o lu m b u s , G a _____ 10
I N a sh v ille __________ 10 Ji'l S h r e v e p o r t ------------- 10
N EW O R L E A N S O P T IO N M A R K E T .— The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follow s:
1S a t’ d a y ,
J a n . 19.
J a n u a ry —
R a n g e _______
C lo s in g _______
M a rch —
R a n g e _______
C lo s in g ---------M ay—
R a n g e ----------C lo s in g ----------J u ly —
R a n e e _______
C lo s in g _______
October—
R a n g e ----------C lo s in g ----------T on e—
S p o t --------------O p t io n s ______
The above totals show that the interior stocks have de
creased during the week 16,313 bales, and are to-night
58,755 bales less than at the same period last year. The
receipts at all the towns have been 104,661 bales more than
the same week last year.
O V E R L A N D M OVEM EN T F O R T H E W E E K A N D
SINCE SE PT. 1.— W e give below a statem ent showing
the overland m ovem ent 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:
J a n u a r y 25—
S h ip p ed —
V ia R o c k I s la n d .
V ia L o u is v i ll e ___
V ia C in c in n a ti___
--------1906 - 0 7 -------S in ce
W eek .
S ep t. 1.
4 6 5 ,6 6 0
10,267
140,260
2,781
35,515
1,889
4 5 ,6 2 0
1,274
31,798
228 ,056
11,684
--------190 5 -0 6 -------S in ce
W eek.
S ep t, 1.
10,566
2 6 8 ,3 1 7
5,887
128,703
1,554
29 ,367
2,4 9 8
54,4 8 3
1,628
36,030
6,978
15 2,200
946 ,9 0 9
29,111
669 ,100
88,911
29 ,113
24 ,423
2,499
207
864
100,562
10,074
21,014
D ed u ct s h ip m en tsB etw een in te rio r t o w n s .
I n la n d , & c ., fro m S ou t
. 9,490
629
. 1,088
1 1 ,207
142 ,447
3,570
131,650
-4 7 ,0 0 8
80 4 ,4 6 2
25,541
5 3 7 ,4 5 0
a In c lu d in g m o v e m e n t b y rail t o C a n a d a .
The foregoing shows the w eek’s net overland movement
has been 47,008 bales, against 25,511 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
bales.
I n Sight and S p in n er s ’
S in ce
T a kin gs.
W eek .
S ep . 1.
.2 9 4 ,1 6 2 7,0 1 6 ,5 6 5
R e c e ip ts at p o r ts t o Jan . 2 5 __________________
N et o v e r la n d t o Ja n . 2 5 ________ - ____ 47,0
47,008
08
8 04 ,462
. 4 7 ,5 0 0
S o u th e r n c o n s u m p tio n t o Jan .
987 ,500
S in ce
W eek .
S ep t. 1.
110 ,898 5 ,6 1 0 ,6 5 3
25,541
537 ,4 5 0
46 ,000
973 ,0 0 0
3 88 ,6 7 0 8 ,8 0 8 ,5 2 7
l6,3
,31133
In te rio r sto ck s in e x c e s s _____________ _aal6
565 ,0 8 3
182 ,439 7 ,1 2 1 ,1 0 3
a l ,532
584 ,9 3 7
C a m e in to sigh t d u rin g w e e k ...........3
372
7 2,3
,35577
T o t a l in sigh t J a n . 2 5 ......................................... 9 ,3 7 3 ,6 1 0
N o rth , sp in n ers’ ta k in g s t o Ja n . 2 5 . - 63,5 9 8 1 ,5 0 5 ,0 4 4
180,907
7 ,7 0 6 ,0 4 0
41,711 1 ,4 4 3 ,5 2 7
a D ecrea se d u rin g w eek .
Movement into sight in previous years:
W eek —
1905— Ja n .
1904— Jan .
1903— Jan.
1902— Jan.
B a les.
2 7 ________
____ 2 10 ,9 3 7
2 9 ___________ ____ 197 ,783
3 0 .................... ......... 247 ,829
3 1 ........ ..................... 222 ,687
| S in ce S ep t.
190 4-0 5— J a n .
11903-04— Ja n .
1190 2-0 3— Jan.
! 1901-02— Jan.
1—
27.
2 9 ..
30.
31.
Bales.
_____ 8 ,6 8 3 ,2 5 2
_____ 7 ,9 2 2 ,7 9 4
_____ 7 ,9 1 2 ,5 2 1
..........7,875,56.3
M o n d a y , T uesday, W ed 'd a y, T h ursd'y, F r id a y .
J a n . 21, J a n . 22. J a n . 23. J a n . 24. J a n . 2 5 .
1 0 .1 3 .2 5 1 0 .12-.21 1 0 .1 4 -.1 8 10.1 1 -.2 4 10.1 3 -.2 5 1 0 .1 7 -.2 1
1 0 .2 3 .2 4 1 0 .1 3 -.1 4 10 .1 9 -.2 0 1 0 .10-.11 1 0 .1 9 .2 1 1 0 .1 8 - 2 6
10.1 2 -.2 3 1 0 .12-.21 10 .0 9 -.2 0 1 0 .1 1 -.2 5 1 0 .1 6 .2 5 1 0 .1 7 -.2 2
10 .21 -.2 2 10.1 8 -.1 4 10.19 — 10.11 — 1 0 .21-.22 1 0 .20 -.2 1
10.1 3 -.2 4 1 0 .12-.22 10 .1 0 -.2 3 1 0 .1 4 -.2 8 1 0 .1 9 .2 9 1 0 .2 0 -.2 5
1 0.22-.2 3 1 0 .1 4 -.1 5 1 0.22-.2 3 10.14 — 1 0 .2 4 .2 5 1 0 .2 3 -.2 4
1 0 .2 3 .3 2 1 0 .1 8 .2 7 10 .2 0 -.2 9 10 .2 3 -.3 7 10.2 6 -.3 2 1 0 .2 9 -.3 1
10.2 8 -.2 9 1 0 .1 8 .1 9 1 0 .2 9 -.3 0 1 0 .2 2 -.2 3 10.3 2 -.3 3 1 0 .3 1 -.3 2
9 . 8 5 .9 0 — @ — —
—
9 .8 6 -.8 9 9 . 7 8 .8 0 9 . 8 8 . 9 0
.Steady,
S te a d y .
V e ry s ’ y .
S te a d y .
S te a d y .
S te a d y .
9 .9 2 -.0 0
9 .8 6 -.9 2
9 .8 5 -.9 0
9 .8 8 .9 1
9 .8 9 -.9 2
9 .8 9 .9 1
S te a d y .
B a 'ly s 'y
F irm .
S te a d y .
F ir m .
Q u itt.
W E A T H E R R E P O R T S B Y T E L E G R A P H .— Telegraphic
reports to us this evening from the South are, as a rule,
of a satisfactory tenor. Rain has fallen in most localities,
bu t the precipitation has been light as a rule; temperature
has been lower. The m ovem ent of the crop continues on a
free scale. Farm work is progressing well in earlier sections.
Galveston, Texas.— W e have had rain on tw o days during
the week, the rainfall reaching seventy-six hundredths of aij,
inch. The thermometer has averaged 61, ranging from
48 to 74.
■Abilene, Texas.— Rain has fallen on two days of the w eek,
the rainfall being thirty-one hundredths of an inch. The
thermometer has ranged from 30 to 76. averaging 55.
Fort Worth, Texas.— Rainfall for the week three hun
dredths of an inch on tw o days. Average thermometer 56,
highest 78, lowest 34.
Corpus Christi, Texas.— There has been rain on one day
during the week, the precipitation reaching six hundredths
of an inch. The thermometer has averaged 60, the 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
|34 to 78.
San Antonio, Texas.— There has been rain on one day o f
i the past week, and the rainfall has been tw o hundredths o f
an inch. The thermometer has ranged from 36 to SO,
j averaging 58.
Taylor, Texas.— Rainfall for the week eight hundredths
! of an inch on one dajr. Average thermometer 66, highest
80, lowest 32.
Sew Orleans, Louisiana.— We have had rain on tw o days
the past week, the rainfall being fifty hundredths of an inch.
The thermometer has averaged 57.
Shreveport, Louisiana.— We have had rain on one day
during the week, the precipitation reaching six hundredths
of an inch. The thermometer has ranged from 34 to 66,
averaging 50.
Leland, M iss iss ip p i— There has been rain during the
week, the rainfall being thirty-five hundredths of an inch.
The thermometer has averaged 51.4, the highest being 70
and the lowest 32.
Vicksburg, M ississippi.— It has rained on one day of the
week. The precipitation reached forty hundredths of an
inch. The thermometer has averaged 55, ranging from
38 to 76.
Helena, Arkansas.— Farm work has com m enced. There
is still a little cotton in the fields. The river is rising. Land
outside the levee has been overflow ed, but record high-water
mark has not been reached. We have had rain on one day
during the week, to the extent of thirty-tw o hundredths of
an inch. Average therm om eter 50, highest 74, lowest 32.
Little Rock, Arkansas.— The weather has been favoralbe
for farm work the past week. Cotton is still being marketed
freely, there being no indications of holding back. W e 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.
Mem phis, Tennessee.— The river is thirty-four and tw otenths 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,
ranging from 29 to 73.2.
M obile, 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 ninetynine hundredths of an inch on one day. Average therm om
eter 57, highest 73, lowest 37.
M ontgomery, Alabama.— There has been rain on tw o days
during the week, the rainfall being sixty-five hundredths of
an inch. The thermometer has averaged 54, the highest
being 76 and the lowest 31.
M adison, Florida.— Dry all the week. The therm om eter
has ranged from 30 to 82, averaging 51.
Savannah, Georgia.— There has been no rain during the
past week. The thermometer has averaged 55, the highest
being 77 and the lowest 34.
Charleston, South Carolina.— It has rained on one day of
the week to an inappreciable extent. The thermometer
has averaged 53, ranging from 33 to 74.
Greenwood, South Carolina.— We have had no rain during
the week. The thermometer has ranged from 39 to 59,
averaging 49.
Stateburg, South Carolina.— We have had light rain on one
day during the week to the extent of nine hundredths of an
inch, follow ed b y a cold wave. Average thermometer 50,
highest 74, lowest 24.
Charlotte, North Carolina.— We have had rain on one day
during the w e e k t h e precipitation reaching four hundredths
of an inch. The thermometer has averaged 45, the highest
being 70 and the lowest 21.
The follow ing statement we have also received b y tele
graph, showing the height of rivers at the points named
at 8 a. m. of the dates given:
N ew O rleans ................. . A b o v e z e ro o f g a u g e .
M e m p h i s _______________ A b o v e z ero o f g a u g e .
N a s h v ille _____________ A b o v e z ero o f g a u g e .
S h r e v e p o r t ___________ . A b o v e z e ro o f g a u g e .
V i c k s b u r g ____________.A b o v e zero o f g a u g e .
J a n . 25 1907.
F e e t.
17.5
34 .2
26.6
11.4
45 .6
J a n . 26 1906.
F eet.
12.3
24.2
23.2
17.7
30.7
IN D IA COTTON M OVEM ENT FROM A L L PO RTS.
J a n u a ry 24.
1905-06.
1906-07.
R eceip ts at—
W eek .
9 7 ,0 0 0
. S in ce
W eek . | S ep t. 1.
S in ce
S ep t. 1.
9 5 5 ,0 0 0 117,000] 1,1 1 4 ,0 0 0
1
F o r the W eek .
1904-05.
I
W eek .
8 5 ,0 0 0
S in ce
S ept. 1.
810 ,000
S in ce Septem ber 1.
E x p o rts fro m —
Great
C o n ti
B ritain . nent.
B om bay—
1 9 0 6 -0 7 . . . . . . .
1905-06
1 9 0 4 - 0 5 .. .
C a lc u tta —
1 9 0 6 -0 7 . .
1 9 0 5 -0 6 .
190 4 -0 5 .
M ad ras—
1 9 0 6 -0 7_____
190 5-0 6____. . .
1 9 0 4 -0 5 ___________
A ll o th e r s—
19 0 6 -0 7________ .
19 0 5 -0 6 . -----------1 9 0 4 -0 5___________
T o t a l all—
19 0 6 -0 7 . .
1 9 0 5 -0 6___
1 9 0 4 -0 5 ________
Total.
Great
B rita in .
C o n ti
nent.
Total.
2,000
3 4 ,000
12,000
2,0 0 0
36,0 0 0
12,000
2,000
13,000
22,000
9,0 0 0
3 71 .0 0 0
2 83 ,000
83,000
384 ,000
305 .000
92,0 0 0
1,000
2,000
4,0 0 0
4 ,0 0 0
5,0 0 0
6,000
3.000
4,000
25,0 0 0
22,000
9,0 0 0
28,000
26,000
9,0 0 0
1,000
2,0 0 0
1,000
2,000
1 ,000
1,000
2,000
11,000
23,000
12,000
12,000
24,000
14,000
44,0 0 0
55,0 0 0
40,0 0 0
49,0 0 0
61,000
44,0 0 0
451 ,000
383 .000
144,000
473 ,0 0 0
4 1 6 ,0 0 0
159,000
3,0 0 0
2,000
3 ,000
1,000
3,000
1,000
5 ,0 0 0
6,0 0 0
4,0 0 0
39 ,000
21 ,000
3 ,000
42,0 0 0
23,0 0 0
3,0 0 0
22,000
33,000
15,000
W O R L D ’ S SU P P L Y A N D T A X IN G S OF C O TTO N .—
The follow ing brief but comprehensive statement indicates
at a glance the w orld’s supply of cotton for the week and
since Sept. 1, for the last tw o seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out o f sight, for the like periods:
C o tto n T a k in g s .
% e e k and S eason .
. ______
D ed uct—
V isib le s u p p ly Ja n . 2 5 .
W eek .
S eason .
V is ib le s u p p ly Jan . 18
5 ,4 9 3 ,4 2 7
V isib le s u p p ly S e p t. 1 -----------—
A m e r ic a n in sight t o Ja n . 2 5 ____
3 72 ,357
B o m b a y r e c e ip ts t o Jan . 2 4 ____
9 7 .000
O th e r In d ia s h ip ’ts t o J a n . 2 4 . .
6.000
A le x a n d r ia re ce ip ts t o Jan . 2 3 .
24.000
O th er s u p p ly t o J a n . 2 3 . a ____ _
6,000
T o t a l s u p p ly
190 5-0 6.
190 6-0 7.
W eek .
S eason .
5 ,4 4 0 ,1 3 1
1 ,784,156
9 ,3 7 3 ,6 1 0
955 .0 0 0
89,0 0 0
749 .000
197,,000
2 ,5 4 5 ,4 7 0
7 ,7 0 6 ,0 4 0
1 ,1 1 4 ,0 0 0
1U , 00»
5 9 7 .0 0 0
2 3 2 .0 0 0
180 ,907
117 ,000
11,000
24.0 0 0
12.000
5 ,9 9 8 ,7 8 4 1 3 .1 4 7 ,7 6 6 5 ,7 8 5 ,0 3 8 1 2 ,3 0 5 ,5 1 0
...
___
5 ,5 5 2 ,2 7 0
446 .514
314 .514
132,000
T o t a l ta k in g s t o Jan . 2 5 ________
O f w h ich A m e r ic a n ___________
O f w h ich o t h e r .
_____ . . .
5 ,5 5 2 ,2 7 0 5 ,3 7 5 ,8 0 9
5 ,3 7 5 ,8 0 9
7 .5 9 5 .4 9 6
5 .8 6 1 .4 9 6
1 ,7 3 4 ,0 0 0
6 .9 2 9 .7 0 1
5 .4 2 6 .7 0 1
1 ,5 0 3 ,0 0 0
4 0 9 .2 2 9
3 19 .229
9 0 ,000
a E m b ra ce s re ce ip ts in E u ro p e fro m B ra z il. S m y r n a , W e s t In d ie s , & c.
CENSUS B U R E A U ’S R E P O R T ON COTTON G IN N IN G .
— The Division of Manufactures in the Census Bureau com
pleted and issued on Jan. 23 the ninth of its series of reports
on cotton ginning the present season as follow s:
T h e n u m b e r o f ba les g in n e d in t h e v a rio u s S ta te s u p t o Jan . 16, In 1 9 0 7 ,
1906, 1905 a n d 1904, an d th e p e r c e n ta g e g in n e d t o th e sam e d a te in 1 9 0 6 ,
1905 a n d 1904 are as fo llo w s :
P erC tn tG in m d
to Jan. 16.
Ginned to Jan. 16.
State or
Territory—
1907.
Kentucky
.........
Louisiana _. ____
Mississippi _______
Missouri .
__
.
North Carolina____
O kla h om a....... ......
South Carolina-----Tennessee ........... ..
1905.
1906.
1904.
9,989,634 12.767,600
1.202,145 1,411,834
825,919
534.6S7
81.855
75,229
1.695,434 1,898,397
308,161
447,929
15
1,882
1,310
484.328
982,598
1,084.409 1,576,533
37,187
44,203
637,701
704,801
287,169
313,810
1.092,932 1,144.514
248,683
297,443
2,284,954 3,019,944
15,290
15,938
United States_____ 12,167,873
Alabam a - ______
1,215,673
Arkansas ________
764,520
Florida_____ ____ __
60.42k
G e o rg ia ___________ 1,602,713
Indian T erritory___
364,215
1.409
887,737
1.363,895
40.051
588,315
380,605
887,192
252,501
3,744,988
13,631
1906. 1905. 1904.
9,845,537 95.2
984.096 97.9
642,052 69.3
54,174 95.4
1,283,911 98.3
258,746 90.9
55 100.0
563 98.1
786,844 94.0
1,339,240 92.8
29,418 92.2
.541,136 97.7
174.714 89.5
798,714 98.3
225,494 92.4
2,351,425 93.9
12,255 97.6
94.9
97.3
91,6
93.5
96.7
97.1
96.6
99.7
89.7
97.6
98.3
95.9
97.9
90.7
88.8
89.3
94.0
93.7
95.9
92.9
98.6
92.6
87.4
96.1
94.9
81.4
97.4
93.5
98.1
93.6
97.7
89.6
T h e to t a l cr o p o f th e U n ite d S tates in 1905-06 w as 1 0 ,4 9 5 ,1 0 5 b a les; in
1904-05 w as 1 3 ,4 5 1 ,3 3 7 , a n d in 1903-04 w as 9 ,8 1 9 ,9 6 9 .
T h e sta tistics fo r th is r e p o r t in c lu d e 2 6 0 ,0 9 5 ro u n d ba les g in n ed t o J a n .
16 1907; 270 ,669 fo r 1906; 289 ,4 2 5 fo r 1905; 747 ,480 fo r 1904.
The num ber
o f Sea Isla n d bales in c lu d e d is 56,202 fo r 1907; 104 ,710 fo r 1906; 9 8 ,1 1 0 fo r
1905; 72,907 fo r 1904. T h e Sea Isla n d c o t to n g in n e d t o Jan . 16 190 7,
d is trib u te d b y S ta te s, is: F lo r id a , 2 3 ,6 6 6 ; G e o rg ia , 2 4 ,7 7 5 ; S o u th C a r o
lin a , 7 ,7 i 1 .
T h e nui. b e r o f ginneries retu rn ed as h a v in g b e e n o p e r a te d th is season
p rio r t o Ja n . 16 is 2 8 ,5 2 5 , c o m p a r e d w ith 2 8 ,8 8 6 fo r 190 6.
COTTON S U P P L Y A N D CO NSUM PTION IN E U R O P E .
— By cable we have received the substance of Mr. Ellison’s
first of January cotton review , and in our editorial colum ns
give the results.
A L E X A N D R IA R E C E IP T S A N D SH IPM E N TS OF
C O TTO N .— Through arrangements made with Messrs.
Choremi, Benachi & C o., of Liverpool and Alexandria, we
now receive a weekly cable of the m ovem ents o f cotton at
Alexandria, E gypt. The follow ing are the 'receipts and
shipments for the past week and for the corresponding week
of the previous tw o years:
A le x a n d r ia , E o v p t,
J a n u a ry 23.
1906-07.
R eceip ts (ca n ta r a) —
T h is w e e k ____________
S in ce S e p t. 1 ___________
180,000
5 ,6 1 4 ,2 8 3
j
This
S in ce
w eek. S ep t. 1.
E x p o rts (bales) —
T o t a l e x p o r t s _________
190 4-0 5.
180,000
4 ,4 7 7 ,2 5 0
175 ,000
4 ,1 4 3 ,1 4 5
9,25© 130,546
6 ,750 94,9 4 3
4,2 5 0 163,000
3,500 44,842
7 ,2 5 0 141,375
6,000 131,948
12,500 182,740
..... .........
7.000 63,589
T o A m e r ic a .
190 5-0 6.
T h is
S in ce
T h is
S in c c
w eek. S ep t. 1. ] w eek. S ep t. 1.
T o L iv e r p o o l___ . . . .
T o M a n c h e s t e r ___________
32,750 529 .652
4 ,0 0 0 1 26 ,557
7 1 ,7 6 3
6 ,2 5 0 1 55 ,867
600 3 4 ,9 7 9
23,750 433,331 ,10,850 3 8 9 ,1 6 6
a A c a n ta r is 98 lbs.
M A N C H E STE R M A R K E T .— Our report received b y
cable to-night from Manchester states that the market
is firm for both yarns and shirtings.
The demand
for both home trade and foreign markets is im proving.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1906-07.
32s Cop
Twist
•,
s.
8 'A lbs. Shirt
ings, common
to finest.
32s Cop
Twist.
1
d. s. d.
1.
L!
d.
Dec.
14
21
28
Jan.
4
11
18
25
1905-06.
SH lbs. Shirt- C o tn '
ings, common M id
to finest
:UpVs
1
NEW Y O R K COTTON E X C H A N G E .— Quarter Grades
Abolished and some Low Grades Cut O ff.— The members of
the New Y ork Cotton Exchange on W ednesday balloted on
some changes in its by-laws. Three propositions were
acted upon, two being carried b y very large majorities and
the other, while receiving a m ajority of 40, failed to carry
because a tw o-thirds m ajority was required. The amend
ment making strict low middling stained the lowest grade
deliverable on contract, and in this way raising the character
of the New Y ork contract, received a vote of 265 to 24
against. The am endment cutting out all quarter grades
was carried by a vote of 222 to 67. These changes go into
effect January 1 1908.
The grades that are to be eliminated are: Barely middling
fair, fully good m iddling, both o f which com m and premiums;
fully low middling, barely low m iddling, fully low ordinary,
strict good ordinary tinged, fully middling stained, barely
middling stained, fully low m iddling stained and low m id
dling stained, which pay discounts.
The other matter subm itted was a proposition to provide
for a third revision of grades to be made in February. The
vote on this am endment was 163 for and 123 against, but as
a two-thirds m ajority was needed to carry it failed of
passage.
2*2!)
THE CHRONICLE
J a n . 26 1907.]
d. 9. d.
s. d.
Cot’ n
M id
Upl's
d.
9
9 15-16®
9%
@
lOVs 6
10H 6
10 Vs 6
6
5
5
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@9
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9
8
8
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! 5.6919H
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5.70 8 15 16 @
9 ?i 6
9 Vs 6
97
A 6
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iy 2
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6.29
6.31
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107
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6
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9
9
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, 5 87 8 15-16®
j 5.9618Ji
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1 5.86 8 %
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i 5.90I8M
@
9U,
9H
9»4
9A
S
5 ®9
5 @9
5 @9
5@ 9
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4'4
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6.23
6.09
C.30
6.17
6
6
6
6
230
THE CHRONICLE.
SH IP P IN G N E W S .— As shown on a 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 follow s:
Total bales'
Y O R K — T o L iv e r p o o l— J a n . 23— C e v ic , 2,6 1 1 u p la n d , 50
fo r e ig n _____________________________________________________________
2 ,6 6 1
T o H u ll— J a n . 19— C o lo r a d o , 2 4 0 __________________________________
240
T o H a v r e — J a n . 21— H u d s o n , 1,759 u p la n d , 415 S ea Isla n d
____ J a n . 23— L a G a s co g n e , 450 u p la n d _______________________
2,6 2 4
T o D u n k ir k — J a n . 22— S y ta n g , 5 ________________ ________________
5
T o B r e m e n — J a n . 23— R h e in , 3 ,1 0 2 ______________________________
3,102
T o H a m b u r g — J a n . 18— P r e to r ia , 2 5 ______________________________
25
149
T o A n tw e r p — Jan . 23— S a m la n d , 1 4 9 ------------------------------------------T o G en oa — J a n . 18— C e ltic, 6 4 0 ____ J a n . 21— P rin zess I r e n e ,790 1,430
T o N a p les— J a n . 18— C e ltic, 8 6 8 ____ J a n . 21— P rin zess Ir e n e ,
1,5 9 7 . . ................................................. ................ , ......................................... 2,4 6 5
T o V e n ic e — J a n . 19— S ofia H o h e n b e r g , 2 4 9 -------Ja n . 22— F o r t u n a , 200 _________________________________________________________
449
T o T rieste— Ja n . 19— S ofia H o h e n b e r g , 6 0 0 ______________________
600
T o F lu m e — Jan . 19— S ofia H o h e n b e r g , 2 0 0 ______________________
200
N E W O R L E A N S — T o L iv e r p o o l— J a n . 19— N ica ra g u a n , 5 ,8 8 5 ____
J a n . 22— M e x ica n , 6 ,5 0 0 ________________________________________ 12,385
T o H a v r e — J a n . 22— C a lifo rn ia n , 1 3 ,6 5 0 ____________ __________13,650
T o B rem en — Ja n . 22— M a ssa ch u setts, 1 6 ,7 5 0 ____ J a n . 25—
C y m b e lin e , 1 0 ,2 0 0 -------------------------------------------------------------------------- 2 6 ,950
t*
T o H a m b u r g — Ja n . 2 3 — M a n ch e ste r S p in n e r , 1 ,8 4 1 ____________
1,841
T o A n tw e r p — Ja n . 22— M a ssa ch u se tts, 1 ,5 0 0 ____ J a n . 23—
, •
B u ffo n , 1 ,7 8 9 _____________________________________________________
3,289
T o O p o r to — Ja n . 18— C o n d e W ilfr e d o , 2 ,0 5 1 ____ Jan . 2 3 B a rk O ce a n o , 4 0 0 ___________ .____________________________________
2,451
T o B a rce lo n a — J a n . 18— C o n d e W ilfr e d o , 4 ,4 2 4 ________________
4,4 2 4
T o G en oa— J a n . 18— M b n g lb e llo , 9 ,6 4 7 ___________________________
9,647
G A L V E S T O N — T o L iv e r p o o l— J a n . 17— M o n a r c h , 2 1 ,0 8 9 ____ J an .
19— I r a k , 1 5 ,226; J u s tin , 1 1 ,1 5 2 ____ J a n . 23— A lb a n ia n ,5,579 53,046
T o M a n ch ester— J a n . 21— A s u n c io n d e L a rr in a g a , 1 1 ,9 9 0 ______1 1,990
T o H a v r e — J a n . 18— M a ro a , 1 7 ,4 1 9 ----------------------------------------------- 17,419
T o B rem en — J a n . 18— K o ln , 1 2 ,7 1 9 _____________________________ 12,719
T o H a m b u r g — Ja n . 21— M a r k o m a n n ia , 2 ,1 3 0 ___________________
2,130
T o F lu m e — J a n . 22— H e rcu le s , 1 ,1 2 6 ------------------------------------------1,126
T o B a rce lo n a — Ja n . 22— H e rcu le s , 3 ,2 6 3 ________________________
3,2 6 3
T o G e n o a — J a n . 2 2 — A p h r o d it e , 2 ,6 3 7 ___________________________
2,6 3 7
T o N a p les— J a n . 22— A p h r o d ite , 2 5 0 ____________________________
250
2,457
T o V e n ic e — J a n . 22— H e rcu le s , 2 ,4 5 7 ____________________________
T o T rieste— -Jan. 22— H e rcu le s, 9 0 7 _______________________________
907
M O B I L E — T o B rem en — Jan . 18— In ch d u n e , 1 0 ,5 4 7 --------------------------- 10,547
S A V A N N A H — T o B rem en — Ja n . 23— E u ro p e , 6 ,6 1 3 ; T r o ja n , 6 ,2 3 4 12,847
T o R e v a l— Ja n . 23— E u ro p e , 3 0 0 __________________________________
300
T o B a rce lo n a — J a n . 19— I d a , 5 ,9 3 0 _______________________________
5,9 3 0
T o G en oa — Ja n . 19— I d a , 1 ,0 3 1 ___________________________________
1,031
T o T rie s te — Ja n . 19— Id a . 2 ,4 7 6 --------------------------------------------------2,476
T o V e n ic e — Jan . 19— I d a , 4 4 9 ____________________________________
449
T o F iu m e — Ja n . 19— I d a , 5 0 0 ____________________________________
500
N E W P O R T N E W S — T o L iv e r p o o l— Ja n . 18— S h e n a n d o a h , 2 ____
2
B O S T O N — T o L iv e r p o o l— Ja n . 22— C a n a d ia n , 2 ,8 1 8 ; S a x o n ia , 1,2 6 0 4,078
T o M a n ch ester— Ja n . 22— C a le d o n ia n , 3 8 4 _______________________
384
T o Y a rm o u th — Ja n . 18 a n d 22— B o s to n , 330 ___________________
330
B A L T I M O R E — T o L iv e r p o o l— Jan . 18— Q u e rn m o re , 2 ,6 3 9 _______
2,639
T o H a v r e — J a n . 18— L a n g o e , 2 ,4 4 4 _______________________________
2,444
16
T o B rem en — Ja n . 23— B reslau , 1 6 .............................................. ............
P H I L A D E L P H I A — T o L iv e r p o o l— J a n . 18— M e rlo n , 1 0 8 __________
108
T o M a n ch ester— Ja n . 17— -M anchester C o m m e r c e , 1 5 2__________
152
T o R o t t e r d a m — J a n . 16— G ra n arla , 2 0 0 __________________________
200
T o A n tw e r p — Jan . 4 — M a n ito u , 1 6 1 ________________ ___________ _
161
P O R T L A N D , M E .— T o L iv e r p o o l— Ja n . 20— N o rs e m a n , 2 ,2 5 0 ____
2,250
S E A T T L E — T o J a p a n — J a n . 22— S h in a n o M aru , 3 ,0 9 4 ____ J a n . 24
— T e n c e r , 2 ,6 3 7 ___ __________ _ _ _ _ _
_
5 731
S A N F R A N C I S C O — T o J a p a n — J a n . 24— H o n g K o n g M a ru , 1 ,0 9 7 .
1,097
NEW
The particulars o f the foregoing shipments for the week,
arranged in our usual form , are as follow s:
G reat F r e n c h G er- — -O th.E urope— M e z . ,
B rita in ,
p orts, m any. N orth . South. & c. J a p a n .
Total.
N ew Y o r k ........... 2,901
2,6 2 9
3,127
149
5,1 4 4
...
13,950
N e w O rle a n s ___ 1 2 ,3 8 5
1 3 ,6 5 0 28,791 3 ,2 8 9 16,522
...
74,6 3 7
G a l v e s t o n _____ 6 5 ,0 3 6
17,419 14,849
____ 10,640
. . . 107 ,944
____ 10,547
M o b ile
...
...
10,547
S a v a n n a h ______ ____
____ 12,8 4 7
300 10,386
...
23,5 3 3
N ew port N ew s.
2
2
B o s t o n ________ 4,4 6 2
330
...
4,7 9 2
B a l t i m o r e _____ 2,6 3 9
5,0 9 9
P h ila d e lp h ia ___
260
....................
621
P o r t la n d , M e___ 2,2 5 0
2,2 5 0
S a n F r a n cis c o . .
____
. . . 1,097
1,097
S e a t t l e __________ ____
. . . 5,731
5,731
T o t a l ________ 8 9 ,9 3 5 3 6 ,1 4 2 7 0 ,1 7 7
4 ,0 9 9 4 2 ,6 9 2
330 6 ,8 2 8 2 50 ,203
The exports to Japan since Sept. 1 have been 109,378 bales
from Pacific ports and 10,000 bales from G alveston.
L IV E R P O O L .— By cable from L iverpool we have the fol
lowing statement of the w eek’s sales, stocks, & c., at that port:
J a n . 4.
S a les o f th e w e e k ________ b a le s . 3 6 ,0 0 0
O f w h ic h sp e c u la to r s t o o k . .
2,000
1,000
O f w h ic h e x p o r te r s t o o k ____
S a le s , A m e r ic a n ________________ 3 1 ,0 0 0
A c t u a l e x p o r t ___________________
8,0 0 0
F o r w a r d e d ______________________ 9 4 ,0 0 0
T o t a l s t o c k — E s t im a t e d _______ 7 4 9 ,0 0 0
O f w h ic h A m e r ic a n — E s t ___ 6 5 7 ,0 0 0
T o t a l im p o r t o f t h e w e e k ______1 52 ,000
O f w h ich A m e r ic a n __________1 19 ,0 0 0
A m o u n t a f l o a t __________________4 1 7 ,0 0 0
O f w h ic h A m e r ic a n _________ 3 4 2 ,0 0 0
Jan. 11.
8 5 ,0 0 0
3 ,0 0 0
4,0 0 0
7 6 ,0 0 0
1 9 ,000
104 ,000
7 4 5 ,0 0 0
6 4 3 ,0 0 0
119 ,000
8 2 ,000
4 9 3 ,0 0 0
4 1 8 ,0 0 0
J a n . 18.
71 ,0 0 0
2,000
2,0 0 0
6 2 ,0 0 0
2 0 ,0 0 0
112 ,000
79 0 ,0 0 0
6 8 6 ,0 0 0
177 ,0 0 0
138 ,000
50 4 ,0 0 0
4 3 2 ,0 0 0
J a n . 25.
5 0 ,0 0 0
4 ,0 0 0
2,0 0 0
45,000
19,000
106,000
822 ,0 0 0
73 8 ,0 0 0
156 ,000
131,000
46 1 ,0 0 0
398 ,0 0 0
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
sp ot cotton have been as follow s:
Spot.
Market
12:15
P . M.
1
l
J
M id .U p l’ds
**
S a le s -------Spec.&exp.
Saturday.
M onday.
Tuesday.
W ed’day.
Thursday.
Friday.
Fair
business
doing.
Fair
business
doing.
Moderate
demand.
Good
demand.
Harden’g.
Quiet.
5.84
5.86
5.79
5.86
5.90
5.90
8,000
500
8,000
500
7,000
500
10,000
3,000
10,000
1,500
7,000
500
Futures.
Market
]
opened
]
Quiet at
2 M pts.
decline.
Steady at
2 paints
advance.
Market,
4
P . M.
Quiet at
1% @ 2%
pts. dec.
Quiet at Very st’dy Quiet at S t’dy .unch. Stoady at
% @2 pts. at 3 @ 6 !^ % pt. dec.
6 pts. l% p ts .d e c.
decline.
pts. adv. @1 pt. adv advance. to % p t.a d v
1
j
Quiet at
Quiet at
1 point
1 @ 2 pts.
decline . advance.
Steady at
2 points
decline.
Steady at
1 point
declin
[ Y q l ,,
l x x x iv
.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, G ood Ordinary
clause, unless otherwise stated.
The prices are given in pen ce and 100ths.
J a n . 19
to
J a n . 25.
S at.
12 %
p.m .
12%
p .m .
d.
J a n u a ry .
J a n .- F e b .
F e b .-M c h .
M c h .-A p r .
A p r .-M a y
M a y -J u n e
J u n e -J u ly
J u ly - A u g .
A u g .-S e p t
S e p t .-O c t .
O c t .- N o v .
N o v .- D e c .
____
____
____
____
____
___ i
____
____
____
5
5
5
5
5
5
5
5
5
5
5
5
d.
48
47%
44%
43
42
41
41
40
35
30%
26%
26
M on .
T u e s.
T h us: 5 48 m ean s 5 4 8 -1 0 0 d .
W ed.
T h u rs.
F ri.
4
4
12%
12%
12%
4
4
4
12%
12%
p .m . p .m . p .m . p .m . p .m . p .m . p .m . p.m . p .m . p .m .
d.
50
50
47
45%
44%
43%
43
42%
37%
33
29
28%
d.
46
46
43%
42
41
40%
40
39%
34%
30
26
25%
d.
45
45
43
42
41%
41%
41
40%
36
32%
28%
28
d.
49
49
47
46
45%
45
45
44%
40
36%
32%
32
d.
49%
49%
47
46
45%
45%
45
44%
40
37
33
32%
d.
50
50
47%
46
45%
45%
45
44%
40
36
32
31%
d.
54
53
49
47
46%
45%
45
44
39
35
30%
30
d.
56
55
51
49
48%
47%
47
45%
40%
36%
32%
31%
d.
54
53%
50%
48%
48
47%
47
45%
40
36
32
31
d.
55
54%
51%
49%
49
48
47
45%
39
35%
32
31
JU TE B U T T S , B A G G IN G , & c.— The market for jute
bagging has been very dull during the week under review at
unchanged prices, viz.: 8 M c. for 1 % lbs. and 93^c. for 2 lb s.,
standard grades. Jute butts also very dull at 3 @ 4 c . for
bagging quality.
BREADSTUFFS.
F rid a y , Jan. 25 1907.
Prices for wheat flour have been firm as a rule, ow in g to
the advance in wheat. Millers have asked higher quotations,
which buyers have refused to p a y , w ith the result that an
already exceedingly small v olu m e o f business has been still
further reduced. E xport trad e has been stagnant, and the
daily clearances of flour from the seaboard for E urope have
been small. A t the principal milling centres o f the North
west and the Southwest business continues dull. Here
prices which buyers offer to pay for even small lots are as a
rule 10 cents below market quotations. R y e flour and com
meal have been quiet and steady.
W heat has advanced, favored b y continued small receipts
at the Northwest, higher European qu ota tion s, bullish
w orld’s statistics and a better export dem and. M oreover,
the weather at the West has been extrem ely cold, where much
o f the crop is unprotected b y 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 becom e icebound and heavy snows
have im peded shipments from Odessa. Som e reports, to o ,
insist that the recent extraordinarily cold weather in Russia
has done harm over large areas which at that tim e lacked
snow covering. The w orld’s stocks o f 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 in the w orld’s stocks o f Am erican over those o f last
year o f some 5,000,000 bushels, while the total w orld’s sup
ply of all kinds, reaching 158,686,000 bushels, is 5,000,000
bushels larger than a year ago. This shows, how ever, a
gradually diminishing excess over last year. Speculation at
Chicago has increased bu t more on account o f the light m ove
ment o f the crop, an advance in foreign markets and som e in
crease in the export trade, than because of any im portant
injury to the Am erican crop thus far. T o-day prices ad
vanced on reports o f extrem ely 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
o f shorts.
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN N E W Y O R K .
Sat.
M on.
T u es. W ed . T h u rs.
F rl.
N o . 2 r e d w in t e r ______________8 1 % - 8 2
8 2 % -8 2 % 82
83%
f * %
83 %
84 %
84 %
85 %
84%
M a y d e liv e r y in e le v a t o r -----J u l y d e liv e r y In e l e v a t o r -----83
83%
8 3 % 84 %
84%
84%
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN C H IC A Q O .
S at. M o n . T u es. W ed . T h u rs.
F ri.
J a n u a r y d e liv e r y In e l e v a t o r . ...............7 3 %
73%
74
75 %
74%
75
M a y d e liv e r y In e l e v a t o r ---------------- 7 7 %
78
78
79%
78 %
79
J u l y d e liv e r y In e l e v a t o r ---------------- 7 7 %
77%
77%
78%
7 8 *
78%
Indian corn futures have shown an upward ten d en cy , in
fluenced m ainly b y continued small receipts and the ad
vance in wheat. At times during the week there has been
an absence of contract grade in the arrivals at Chicago.
Shorts have covered and there has been some increase in
com m ission house business at the W est. M oreover, 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 there
has been more or less realizing. But in view of the small
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, an d covering, but later three
was a decline on realizing.
D A I L Y C L O S IN G P R I C E S O F N O . 2 M I X E D C O R N I N N E W Y O R K .
S a t. M o n . T u es. W ed . T h urs.
F ri.
Cash c o r n ______________________________54
54 %
54 %
54%
54
55
J a n u a r y d e liv e r y in e le v a t o r ________ 54
54%
54%
54%
54%
54
M a y d e liv e ry in e le v a t o r ____________ 5 2 %
52 %
52%
53%
53
52%
J u ly d e liv e ry in e le v a t o r ____________ 52J4
52%
52%
53
52%
52%
D A I L Y C L O S IN G P R I C E S O F C O R N F U T U R E S
S a t. M o n . T u es.
J a n u a r y d e liv e r y in e le v a t o r ________ 41 %
41%
42%
M a y d e liv e r y in e le v a t o r ____________ 4 5 %
45 %
45 %
J u ly d e liv e ry in e le v a t o r ____________ 4 5 %
45%
45%
IN C H IC A G O .
W ed. T h urs.
F r i.
42%
42%
41%
46%
45%
45%
46%
45%
45%
Oats for future delivery in the Western market have ad
vanced , owing to the rise in w heat, small receipts, an increased
cash demand at strong prices, light offerings and covering
of shorts. The speculation had been far less active and at
tim es, to o , the market has felt the effects of realizing; but
the general course of prices has been upward. T o-day,
how ever, the m arket was easier in the m ain despite continued
small receipts and the rise in wheat. Some recent buyers
took profits and there was a lack o f support.
D A I L Y C L O S IN G P R I C E S O F O A T S I N N E W Y O R K .
S a t.
M on.
T u es.
W ed.
T h urs.
F ri.
M ix e d , 26 t o 32 l b s - . _
40%
41
41
41
41
41
W h it e c lip p e d , 36 t o
38 lb s ________ ______ 41 % -4 4 4 3 -4 4 % 4 3 -4 4 % 4 3 -4 4 % 4 3 -4 4 % 4 3 -4 4 %
D A I L Y C L O S IN G P R I C E S O F N O . 2
S a t.
J a n u a r y d e liv e r y in e le v a t o r ________ 3 5 %
M a y d e liv e ry in e l e v a t o r . . ............. . . 3 8
J u ly d e liv e r y in e le v a t o r ------------------ 3 5 %
M I X E D O A T S IN C H IC A Q O .
M o n . T u es. W ed . T h u rs.
F ri.
35%
35%
35%
36%
36
3 8 yi
38%
38%
38%
38%
35%
35%
35%
35%
35%
The follow ing are the closing quotations:
FLOUR.
L o w g r a d e s ______________$2 75 @ $ 3 00
sas s tr a ig h ts _______ $3 60
S e c o n d c le a rs ___________ 2 50
2 60 K an sas cle a rs ___________ 3 10
C l e a r s ___________________ 3 40
3 65 B le n d e d p a t e n t s ________ 4 50
3 75 R y e flo u r ________________ 3 65
S tr a ig h ts ________________ _3 65
P a te n t, s p r in g __________3 80
4 20 B u ck w h e a t flo u r _______ 2 10
P a te n t, w in te r ___ . _____ 3 75 _ 3 85 G ra h a m flo u r ___________ 2 90
K a n sas p a t e n t s ________ 3 80 2 ) 3 9 0 1 C o r n m e a l_______________ 2 70
@$3
@ 3
@ 5
@ 4
@ 2
@ 3
® 2
75
15
10
20
25
75
75
G R A IN .
W h e a t , p e r b u s h .—
c.
I C o rn , p er b u s h .—
c.
N . D u lu th , N o . 1 ..................... 9 2 % [ N o . 2 m i x e d . . . ............. .. f .o .b .5 5
N . D u lu th , N o . 2 ______f .o . b . 9 0 % | N o . 2 y e llo w , n e w _____ _f .o .b .5 1 %
R e d w in te r , N o . 2 ____ f .o . b . 83 % | N o . 2 w h ite , n e w ________f . o . b . 52
H ard
“
"
f .o . b . 87 % |R y e , p e r b u s h .—
O ats— M ix e d , p e r b u s h .—
| N o . 2 W e s t e r n __________N o m in a l.
N o . 2 w h it e ______. . . . . 4 2 % @ 4 3 % I S ta te a n d J e r s e y _______ N o m in a l.
N o . 2 m ix e d __________
41
I B a rle y — W estern _______ N o m in a l.
N o . 2 w h ite , c lip p e d . . 4 3
@ 4 4 % | F e e d in g ________________ _N o m in a l.
F or o th e r tables u su a lly g iv e n here, see page 201
TH E DRY GOODS TRADE.
New York, Friday Night, January 25 1907.
pr The cotton 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 b y 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 tim e. This belief
has been strengthened to some extent by the firmness of the
raw material m arket and by the com m on knowledge that
the cost of production is greater than it has ever been, on
account of the scarcity of labor, higher wages, &c. The
situation is brought home very strongly to buyers who are
seeking spot goods in the prim ary mark t, for agents are en
tirely unable to accom m odate their largest customers with
even small quantities, which is as annoying to the form er as
it is to the latter. Aggregate business during the week had
been large but it has consisted for the m ost part of a number
o f small orders; there has, however, been some fairly active
covering of future requirements b y some of the larger houses,
w ho are apprehensive of what m ay happen in the event of
the apparently awakened interest o f Chinese buyers in this
m arket developing into an active export m ovem ent. Fur
ther sales have been made to China during the week and
inquiries have been num erous, although generally below the
m arket. Latest advices from that country are to the effect
that stocks at Shanghai are m oving more freely, and it is
this fact which leads m any to suppose that there m ay be
some active purchasing here for Chinese account before
very long. W oolen and worsted goods have been m oving
more freely, both in the m en’s wear and dress goods divisions.
anything in the way of active buying for China would
doubtless have an im mediate effect upon 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 J^c. higher. Bleached goods are as scarce as ever and
fully maintain their strength. W ide 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 ahead than
they have ever been. The advances noted on napped goods
are fully maintained. Linings are active and higher.
Ginghams have been advanced ^ c . and the production is
insufficient to supply the dem and. In spite of the fact that
the J/£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
com ing very scarce.
W O O L E N G O O D S.— A larger num ber of buyers has been
present in the m en’s wear market during the week and
business is beginning to assume a more satisfactory aspect.
The colder weather has had an influence and the volum e o f
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 n ot been shown and are not expected
to be opened before about the first of next m onth. Up to
date there has been a decided im provem ent in the demand
for woolens and the hopes of those who expected a better
season for these bid fair to be fu lly realized. On the other
hand there has been a falling off in the request for m anipu
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 w hich cotton enters. Cassimeres have been in the best demand am ong woolefl 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 b y the trade. Many
buyers have been in tow n and the fall purchasing has been
progressing freely, while duplicating has also been active.
There is little change in the character of the bu y in g , the
same lines being the m ost popular as in the recent past.
F O R E IG N D R Y G O O D S.— Im ported w oolen and worsted
dress goods have been active and prices are very firm . Silks
show continued im provem ent. ’ R ibbon s are firm at recent
advances. Linens remain very strong with an active de
mand. Burlaps are steady and scarce.
Importations and Warehouse Withdrawals of Dry Goods.
The im portations and warehouse withdrawals o f dry goods
at this port for the week ending January 19 1907 and since
Jan. 1 1907, and for the corresponding periods of last year,
are as follows:
S
o C.
it
£^
3B
5a p
os | © Co |
00 j Cl 09 i
--------1907-------S in c e
N ew Y ork to J a n . 19.
W eek . J a n . 1.
G rea t B r ita in ........................................................ ..
77
151
O th er E u r o p e a n ___________ . ______________
32
45
C h in a ------------------ --------- ----------- --------------------- 436
436
In d ia .............................. ................. ................................... ..
236
A r a b ia ...........- .................................... ....................... 1,115
1,115
A f r i c a -------------------------------------------------------------- 401
429
W e s t l n d i e s _________________________________ 681
1 ,5 9 8
M e x i c o ----------------------------------- -----------------------10
150
C en tral A m e r ic a _______ ______ _______________
292
1,1 3 3
S o u t h A m e r ic a ---------------------------------------------- 669
1,981
O th er C o u n t r ie s .......................... ..........................
69
2 .1 5 6
-------'-------------------------------------- ----------- 3 ,7 8 2
9 ,4 3 0
--------1906-------S in ce
W eek . J a n . 1.
14
se
16
152
._
10,571
21
2,9 4 8
2,243
91
833
460
1,467
52
155
299
1,337
452
4,8 9 4
346
1,183
1,751
Ie
■si 05 O'. CT 00
5
§3 ^
CO CO <1 to CH
to CS O Cl H-
■CO a
.o
CHC o
. - ^ oh cs
on I o: to I C> tO Co tO <£;
CO»-*
03
<
C1l M
ro ^ oo os co
^ wT H‘ M W
COCO to
O C1 C c Ci
CJ COO O0 M
S3 O
K *>
w
hrl
I '®
ra
Oo cs a <i <
CHCO CO co c <
w H OOt
■
‘J
00 to
COco
oc
to CO ^ 00
CO to CO ^
M to C 00
1
Ug
Cj to
s^
<1 4*.
CH
Q cn
CD OS 4^. >-* to 4^ CO
oi t\3 <1 Co
COCo o 00 00
W <1
C CH
tO 03
OHto Cs 4*.
tO O CO «s| 4*- CO
ha ©
*t\s oo V] o
h*
^ CO OJ CO o
O
r
00 co
CO ^
tO CHCH
03 »-* CO4^ CH
Oo iU Co ^
O 4^. Ci
^
ch ■■aa co
00 CH
CO CO
00
os 03 CO I _
co o ©
to
j
w ’o V j c o V **;
to Cs Cs to
J
00 CS 00 M CH
“0 -4
CO or
1
COto CS CO CO
00 00
00 CH CO to o
CO co
>
to fo M-
2 8
o
d
25,819
The value of these New Y ork exports since Jan. 1 has
been $728,286 in 1907, against $1,346,445 in 1906.
There has been a m uch better demand for heavy brown
drills and sheetings during the week, especially the latter,
and there is a 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 n ot large,
CS C* to <
00 0C -si I
»-* O lU I
-sj *sj oo CO 00
D OM ESTIC COTTON G O O D S.— 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:
T ota l
231
THE CHRONICLE.
JAN. 26 1 9 0 7 .j
Cl ■'J o
03 ^
to 00 oo 00 4* jt*- to
© T&. V bs to 03 Vj
CH 4* oo co o
CI l ‘ to
CO CH 00 CO CO
cs M tsj
<
1C5
00 to
CH4*. CO 03
COto 00 03 4*CO ‘ 4»- to -Vi
oo CH
Ol O
OOh-
03 CO
t—
4 tO CO tO h*
c to oo o o
M to C5 CS CO
o o ^ CO
COoh CO CO 4*.
to tfc. *-i oo £* -Q* «
<
to O O Oo ch
44
00 O ^ ^ to
O to CO 00 cc
00 o oo Vj ©
lT3 Co
THE CHRONICLE.
[V o l.
l x x x iv
.
commence O ct. 1 1906 and is payable sem i-annually. Stock
is redeemable O ct. 1 1980. “ The city does not tax any of
its issues of stock and takes the place of the holder o f this issue
in the payment of the annual State tax thereon, for which
fi Atlantic City, N. J .— Progress of C ity.— As stated in last the holder is legally liable.” Bids for “ all or none” o f the
w eek’s issue, the city will offer for sale on Feb. 9 five issues stock will not be considered.
o f 4 % and 4 ^ % bonds aggregating $650,000, for water,
The official notice of this bond offering will be found among
for paving and for hospital purposes. The financial standing
o f the city is excellent and its bonds have always brought the advertisements elsewhere in this Department.
good prices. The gross bonded debt is com paratively
Barnesboro, Cambria County, Pa.— Bond Offering.— Pro
sm all, being only about 5 % of the taxable values, while the posals will be received until 12 m. to-day (Jan. 26) b y Em ory
netjgdebt (gross less water debt and sinking fund) is only H. Davis, Borough Solicitor, for $7,500 43^% coupon street1 /^ % - See V. 84, p. 17-2, for details of new offering.
paving bonds. Denomination $100. Date Aug. 26 1906.
Atlantic City is without doubt the m ost popular resort Interest March and September in Barnesboro. Maturity
along the Atlantic Coast, not only during the summer, but Sept. 1 1916, subject to call $500 or $600 yearly. Bonds are
in the winter months as well. Its permanent population exem pt from taxation. Bonded debt $7*500; floating debt,
and its taxable values have shown steady increase during $3,529. Assessed valuation for 1907 $572,378.
the past thirty-six years, the population which in 1870 was
Bayonne, N. J.— Bond Offering.— Proposals will be re
on ly 1,043 now being nearly 40,000, while taxable values ceived until 8 p. m . Feb. 5 by W . C. H am ilton, City Clerk,
during that period have advanced from $613,706 to $50,- for the follow ing bonds offered but not sold on D ec. 18 1906.
438,430, as will be seen from the table given below:
$10 ,000 4 % g o ld s ch o o l b o n d s d a te d D e c . 1 190 6. M a tu r ity 25 y e a rs.
S t a t e /t fls
C ity J t e f / w w E N T ,
News Items.
Y ear. Popul’n.
1 8 7 0 .. 1,043
1 8 7 1 .. 1,060
1 8 7 2 .. 1,395
1 8 7 3 .. 1,550
1 8 7 4 -. 1,825
1 8 7 5 .. 2,009
1 8 7 6 .. 2,550
187 7-- 3,100
1 8 7 8 .. 3,600
1 8 7 9 .. 4,425
188 0 -. 5,477
1 8 8 1 .. 6,125
1 8 8 2 -. 6,625
Valual’n .I Year. P op ul’n.
Valuat’n
Year. Popul’n.
Valuafn.
_________ ! 188 3 .. 7.225
$1,989,610 1895- -18,329 §12,172,646
$613,706i 188 4 .. 7,500
2,087,915 1896-.22,120
12,359,654
2,602,312 1897.-22,365
682,79011885-. 7,942
12,763,603
805,92011886-. 8,500
2,790,395 1898--24.110
12,910,070
854,975| 1887-- 9.371
3,537,375 1899- .26,915
15,312,393
880,02511888.-10,000
3,712,818 1900--27,838
18,299,400
1,002.4751 1889 - . 11,500
4,198,1451 1901- -29,000
21,390.606
999,435! 1890-.13.037
4,415,896! 1902- .32,262
23,281.132
1,089,848; 1891-.13,949
10,865.634! 1903- -35,000
46,749,900
1,179,267 189 2.. 14,925
11,052,925! 1904- .36.000
47.374,340
1,707.7601 1 8 9 3 -.16,069
12,113,196!1905.-37,593
49.069,922
1,727,4751 189 4 .. 17,193
12.240,999 i 1900.-39,069
50,438,430
1.884,245:
It should be borne in mind that the population figures
above given represents only the permanent population.
The superb arrangements both for the com fort and pleasure
of visitors, the beauties o f the beach and boardw alk, and the
proxim ity of both New Y ork and Philadelphia, prove such
an attraction that the summer population often reaches
250,000.
49 ,4 0 0 4 X %
g o ld s c h o o l b o n d s d a te d Ja n . 1 1 9 0 7 . M a tu r ity 10 y e a rs .
Interest Jan. 1 and July 1.
Berkeley, Alameda County, Cal.— Bids.— The follow ing
bids were received on Jan. 14 for the $100,000 municipalwharf, $137,000 tow n-hall, $11,100 police-alarm -system and
$50,000 fire-department 43^% 1-40-year (serial) gold bonds
awarded, as stated in V. 84, p. 172, to the Los Angeles
Trust Co. of Los Angeles at 106.038.
i.o-- A ^ ^ e le s T r. C o . , L o s
A n geles
. . . ____ .
$ 3 1 6,10 0
J. W . P h e lp s, L os A n g
3 1 5 ,8 3 6
A d a m s -P h lllip s C o ., L os
A n g e l e s ......................
3 15 ,632
W m . R . S taats C o ., Pasa. 3 15 ,406
E . H . R ollin s & S on s.
S an F ra n cis co
______ 3 14 ,729
I N . W . H arris & C o ., C h ic $ 3 1 4 ,5 8 4
0 0 1S. A . K e a n , C h ic a g o ___ _ 3 1 0 ,7 6 9
0011st N a t. B k ., O a k l a n d .. 3 1 0 ,7 3 9
11st N a t. B k ., B e r k e l e y .. 3 1 0 ,1 5 0
50 ! 1st N a t. B a n k , A ltu r a s . - 2 9 8 ,1 0 0
00!
90
25
44
00
00
85 |
Denominations $1,000 and $452 50. Date Feb. 1 1907.
Interest semi-annually at the Town Treasurer’s office.
Blair County (P .O . H ollidaysburg), P a .— BondOffering.—
Proposals will be received until 10 a. m . Feb. 11 by the
Bond Proposals and Negotiations this week County Commissioners for $200,000 4 % registered bonds.
Denomination $1,000. Date Jan. 1 1907. Interest semi
ta r e been as follows:
annual. Maturity thirty years, subject to call after fifteen
Amelia, Ohio.— Bond Sale.— On D ec. 1 1906 $1,605 5 % years. Certified check for"2% of the bonds bid for, payable
Main Street sidewalk bonds were awarded to John Nichols to the County Treasurer, is required.
o f Cincinnati at par. Securities are dated D ec. 1 1906. In
Blue Springs School District (P .O . Blue Springs), Jackson
terest semi-annual. Maturity part yearly on D ec. 1 from
County, Mo.— Bond Sale.— We are advised that the $6,000
1908 to 1913 inclutive.
5 % school-building bonds m entioned in V . 83, p. 1245, were
Anderson, Madison County, Ind.— Bond Sale.— On Jan. 17 awarded some time ago to the Citizens’ State Bank of Blue
this place awarded $24,500 33^% 20-year refunding bonds Springs for $6,012 50, the price thus being 100.208. Denom
dated Feb. 1 1907 to J. F. W ild & Co. of Indianapolis at par. ination $600. Date O ct. 15 1906. Interest January and
D enom ination $500. Interest semi-annual.
July. Maturity $600 yearly on O ct. 15 from 1907 to 1916
Asbury Park, Monmouth County, N. J .— Bond Offering.— inclusive.
Proposals will be received until 2 p. m ., Jan. 28, for $150,Bound Brook School District (P. O. Bound Brook), N. J .—
000 4 % coupon beach-im provem ent bonds. Authority, Bond Offering.— Proposals will be received until 8 p. m.
Chapter 80, Laws o f 1906. Denom ination $1,000. Date Jan. 29 by E. H. Casterlin, District Clerk, for $50,000 4 %
coupon school-building bonds. Denominations: ten bonds
O ct. 1 1906. Interest sem i-annually in New Y ork exchange. of $1,000 each and tw enty of $2,000 each. Date Feb. 1
M aturity O ct. 1 1946. Official advertisement states that 1907. Interest semi-annually at the First National Bank in
there has never been any default in the paym ent of principal Bound Brook. Maturity $1,000 yearly for ten years and
o r interest on any bonds, and there is no controversy pending $2,000 yearly for the follow ing tw enty years.
Brookings, Brookings County, So. Dak.— Bond Offering.—
or threatened concerning the validity of these bonds. These
Proposals will be received until 12 m. Feb. 6 by G. H. Stodsecurities take the place o f those awarded on D ec. 3 1906 to dart, City Auditor, for the follow ing bonds:
K ountze Brothers of New Y ork City, which sale was never $ 15 ,000 5 % w a te r-w o rk s b o n d s . A u th o r it y S e ctio n s 1391 t o 1393 o f th e
P o litic a l C o d e .
,
,
consum m ated.
15,000 5 % sew e ra g e -sy ste m b o n d s . A u th o r it y C h apter 155 o f th e S es
sio n L a w s.
Ashland, Ashland County, W is.— 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
5 % 5-20-year electric-light-plant bonds. The vote was 1,034 semi-annually at the City Treasurer’s office. Maturity July 1
to 287. These bonds will not be a general city liability, 1927, subject to call after July 1 1917. Certified check for
but will be issued as a mortgage on the plant, payable only 5 % of the bonds bid for, payable to H . F. H aroldson, City
Treasurer, is required.
from the incom e of the plant.
Buffalo, N. Y .— Bond Sale.— On Jan. 22 the $300,000 4 %
Avoyelles Parish (La.) School District.— Bonds Authorized.
— The Board o f School Directors, according to local reports, 1-10-year (serial) registered tax-scrip bonds (non-taxable)
has voted to issue $17,500 5 % school-building bonds. Se described in V. 84, p . 172, were awarded to the Erie County
curities will be dated Jan. 15 1907 and mature “ within Savings Bank of Buffalo at 100.61— a basis of about 3.8 76% .
A bid of 100.043 was also received from N. W . Harris & Co.
eight years.”
Auglaize County (P .O . Wapakoneta), Ohio.— Bond Offer of New Y ork City.
Cameron School District (P. O. Cameron), Marshall
in g.— Proposals will be received until 12 m. Feb. 12 by W . H.
Meyer, County Auditor, for $30,000 5 % bridge-building County, W . V a .— Bond Offering.— Proposals will be received
bon ds. A uthority Sections 871-872 and 2835 of the Revised until 5 p. m. Jan. 31 by the Bond Commi9sioners?for'$35,000
Statutes. Denom ination $1,000. Date Jan. 1 1907. In 5 % coupon school-building bonds. DenominationW$500.
terest semi-annually at the office of the County Treasurer. Date Jan. 2 1907. Interest annually in Cameron. Maturity
Maturity $1,000 each six months from July 1 1908 to Jan. 1 $1,000 in 1910 and $2,000 yearly thereafter. Bonded debt,
1923 inclusive. Deposit of $500 in cash required. Accrued this issue. Assessed valuation for 1906 $3,295,921.
interest to be paid by purchaser.
Canton Union School District (P. O. Canton), Stark
The official notice of this bond offering mill be found among County, Ohio.— Bond Offering.— Proposals will be received
until 12 m . Feb. 16 by W . C. Lane, Clerk Board of Educa
the advertisements elsewhere in this Department.
tion, for $20,000 4 % bonds. Authority Section 3994 of
Baltimore, Md.— Bond O ffering.— Proposals will be re the Revised Statutes. Denomination $1,000. Date Feb.
ceived until 12 m . Feb. 7 by W ilton Snowden, President of 16 1907. Interest semi-annually at the office of Kountze
Board of Commissioners of Finance, for $1,000,000 3J^% Bros, in New Y ork City or at the office of the City Treasurer
registered sewer stock. A u th ority, A ct o f the General As in Canton, at option of purchaser. Maturity Feb. 16 1927.
Each bid must be made on a blank form furnished by the
sem bly passed at its January session in 1904, Chapter 349, Board of Education and must be accom panied by a certified
and Ordinance No. 227, approved March 20 1905 and rati check on some bank in Canton for $1,000. Successful bid
fied bv the voters at election held Mav 2 1905. Interest w 11 der to furnish blank bonds at his own expense.
-I a n . 26 1907.]
THE CHRONICLE
Chagrin Fails. Cuyahoga County, Ohio .— Bond O ffering.—
Proposals will be received until 12 m. Feb. 16 by H . D.
Bishop, Village Clerk, for the follow ing bonds:
$ 1 0 ,3 0 0 4J 4 ?o c o u p o n F ra n k lin A v e . assessm ent b o n d s.
M a tu rity o n e
b o n d o f $1,090 y e a r ly o n O c t . 1 fro m 1907 t o 1916 ln clu sly e .
4 ,7 0 0 4 J ^ % c o u p o n F ran k lin A v e . b o n d s — v illa g e ’s p o r t io n .
M a tu rity
on e b o n d o f $470 y e a r ly o n O c t . 1 fr o m 1907 t o 1916 in cl.
7 ,0 0 0 4 H "o c o u p o n O -'ange S t. a ssessm en t b o n d s.
M a tu rity o n e b o n d
o f $700 y e a r ly o n O c t . 1 fro m 1907 t o 1916 in clu siv e .
2 .4 0 0 4
c o u p o n O ra n g e S t. b o n d s — v illa g e ’s p o r tio n .
M a tu rity o n e
b o n d o f $240 y e a r ly o n O ct. 1 fro m 190S t o 1917 in clu siv e .
The above bonds are dated Feb. 16 1907. Interest April
1 and O ct. 1 at the Chagrin Falls Banking Co. in Chagrin
Falls. Accrued interest to be paid by purchaser. A certifi
cate of deposit of the Chagrin Falls Banking Co. for $500,
payable to the Village Treasurer, is required with each bid.
Bids to be made on blanks furnished by the Clerk.
Charleston, Kanawha County, W . V a .— Bond Sale.— On
Jan. 17 the $25,000 bridge-construction, the $100,000 re
funding and the $125,000 sewcr-construction 4^£% 20-34vear (optional) gold coupon bonds, a description of which
was given in V. 83, p. 1605, were awarded to the Kanawha
Banking & Trust Co. of Charleston at 102.502 and accrued
interest— a basis of about 4.312% to the optional date and
4 ,3 5 9 % f o full m aturity.
Chicago (111.) Sanitary D istrict.—Bond Offering.— Pro
posals will be received until 1 p. m ., Jan. 30, by I. J. Bryan,
Clerk, R oom 1500, American Trust Building, Chicago, for
$500,000 4 % coupon bonds. Denomination $1,000. Date
Feb. 1 1907. Interest semi-annually at the office of the
D istrict Treasurer. Maturity $28,000 yearly on Feb. 1 from
1909 to 1925 inclusive and $24,000 Feb. 1 1926. Certified
check for 5 % of the bonds bid for, payable to the “ Clerk of
the Sanitary District of C hicago,” is required.
Cleburn County (P .O . Edw ardsville), A la .— Warrant Sale.
— On Jan. 21 $25,000 court-house warrants were awarded to
John B. W eakley of Birmingham.
Clyde, Sandusky County, Ohio.— Bond Sale.— On Jan. 21
the $3,500 5 % 5-11-year (serial) coupon water-works-improvem ent bonds dated D ec. 1 1906 and described in \ . 84,
p . 61, were awarded to William Brugger of Clyde at 107.142
and accrued interest— a basis of about 3 .9 3 % . The bids
were as follows:
W jlila m B ru g g er, C l v d e ___$ 3,7 5 0
H a y d e n , M iller & Co.', C le v . 3,6 8 6
B reed & H arrison, C in cln .. 3 ,6 7 8
S e c u r ity S a v in gs B ank &
T i a s t C o . , T o ie d o _______ 3,6 6 9
E m e r y , A n d erson & C o . , C l 3,668
00 O tis & H o u g h . C levelan d .$ 3 ,6 * 4
00 jC ro g h a n B a n k & S avin gs
50 i C o ., F re m o n t - - —
3, 651
iC ly d e S a v s. B k . C o . , C ly d e 3 ,6 2 2
50 ! M agruder B k . C o ., P o rt Clin 3,6 1 5
00 j S. A . K e a n , C h ica g o
_ _ __ _ 3,5 3 5
50
00
50
00
00
Colorado Springs, El Paso County, Colo.— Bond Sale.—
This city has delivered to the contractor, Shelby Hare, in
paym ent for work done $11,500 North Cascade Avenue
Paving District No. 2 bonds.
Daingerfield School District (P. O. Daingerfield), Morris
County, Tex.— Bond Sale.— W e are advised that the $12,500
5 % 10-40-year (optional) school-house bonds registered by
the State Comptroller on N ov. 20 1906 (V. 83, p. 1488) have
been awarded to J. Bradfield, Cashier of the National Bank
o f Daingerfield. Securities are dated O ct. 1 1906.
Edna School District (P .O . Fornfelt), Mo .— BondO ffering.
— Proposals will be received until Feb. 1 by R . Brissenden,
District Clerk, for $5,100 6 % b on d s,for the purchase of a
school-building. Denomination $510. Date Jan. 3 1907.
Maturity twenty years, subject to call after five years. Cer
tified check for $100, payable to the District Clerk, is re
quired. Bonded debt, this issue. Assessed valuation for
1905 $103,000.
Essex County (P. O. Salem), Mass.— Temporary Loan.—
On Jan. 21 the $23,000 note dated Jan. 1 1907 and maturing
Dec. 1 1907. mention of which was made in V. 84, p. 173,
was awarded to Blake Bros. <fc Co. of Boston at 5.1 8%
discount.
Everett School District No. 24, Snohomish County, Wash.
— Bond Offering.— Proposals will be received until 2 p. m .,
Feb. 9, by W . R . Booth, County Treasurer (P. O. Everett)
for $250,000 coupon warrant-funding bonds at not exceeding
6% interest . Denomination $1,000. Interest semi-annually
at the office of the County Treasurer. Maturity twenty
years, subject to call after ten years. Certified check for
$10,000, payable to the County Treasurer, is required of all
bidders except the State of W ashington.
Fitchburg, Mass.— Temporary Loan.— A six-m onths’ loan
o f $125,000 was recently negotiated at "a b o u t” 5 .2 4 %
discount.
Flat River School District (P. O. Flat River), St. Francois
County, Mo.— Bond Sale.’—-This district has awarded the
$>,000 5 % bonds registered by the State Auditor on Dec. 5
1906 to the Little & Hays Investment Co. of St. Louis for a
premium of $241. the price thus being 104.016. Denomin ition $500. Date Nov. 1 1906. Interest =emi-annual.
Maturity $500 yearly beginning twelve years from date.
Gardner, Mass.— Offering.— Proposals will be received
until 12 m. to-day (Jan. 26) by John D. Edgell, Town
Treasurer, for $15,000 4 % coupon sewer scrip. Denomina
tion $500. Date Dec. 1 1906. Interest June 1 and Dec. 1
at the National Shawmut Bank in Boston. Maturity $500
yearly on Dec. 1 from 1907 to 1936 inclusive.
Gray School District No. 53 (P. O. Gray), Bingham Coun
ty, Idaho.— Bond Sale.— 1This district has awarded an $800
5 % building bond to the State of Idaho at par. Date of
233
bond O ct. 1 1906. Interest Jan. and July. M aturity.ten
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^£% high-school-building bonds awarded
on O ct. 16 1906 (V. 83, p. 995) to the Security Trust Co. of
Rochester have been refused b y that institution on the ground
that there was a slight error in the original call for a special
meeting. This m atter will be taken up b}7 the Law Division
of the Educational Departm ent, and the Legislature will be
asked to legalize the issue.
Greenwood County (P. O. Greenwood), S. C.— Bond Sale.
— We are advised that this county in Decem ber awarded
the three issues of coupon township bonds, aggregating $80,000, offered bu t not sold on N ov. 3 1906 (V. 83, p. 1307) to
Edm und Seymour & Co. of New Y ork City at par for 5}4 s.
Interest January and July. Maturity thirty years.
Idaho County (Idaho) School District No. 'JS.— Bond Sale.
— On 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 V. 84, p. 118, were
awarded to the Hudson Gity Savings Institution at 101.225
and interest— a basis of about 3 .9 0 % . Following are the
bids:
H u d so n
C ity S av in gs
IniB lo d g e t , M erritt & C o ., B oss titu tio n ___________________101.2251
t o n __________________ _______ 100 .167
VV. J. H a y e s & S o n s, C le v e _ .1 0 0 .2 7 |S. A . K e a n , C h ic a g o __________1 00 .10
Jenkins County (P. O. Millen), Ga.— Price Paid for Bonds.
— We are advised that the Security Trust Co. of Spartanburg
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. Denom ination $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 V. 84, p. 174. Proposals will be received until
12 m. on that day b jr W . H. Bufkin, Clerk Board of Super
visors. A uthority, Sections 307, 331, 332 and 333 of the
Code of 1906. Denomination $1,000. 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
states that the county has never defaulted on any contract
or obligation.
Lafayette Parish School District (P. O. Lafayette), L a .—
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 o f the
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 join t gravel-road
bonds were awarded to the First National Bank of Crown
Point and the State National B a n k o f Lowell for $59,698 40,
the price thus being 100.167.
Leon County (P. O. Centreville), Tex.— Bond Sale.— W e
are advised that the $1,650 6 % 5-10-year (optional) schoolbuilding bonds registered by the State Comptroller on D ec.
7 1906 (V. 83, p. 1489) have been sold to the County Treas
urer for Leon County Permanent School Funds. Securities
are dated N ov. 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, were awarded to R . M. Grant &
Co. of New York City.
Logan County (P. O. Bellefontaine), Ohio.— Bond Offering.
— Proposals will be received until 2 p . m. Jan. 28 by W . S.
Jones, County Auditor, for $15,000 4 % ditch bonds. Au
thority sections 4481 and 4482 and amendments thereto.
Denomination $500. Date Jan. 28 1907. Interest Jan. 1
and July 1 at the County Treasurer's office. Maturity
$1,000 July 1 1907, $1,000 Jan. 1 1908, $1,500 each six
months from July 1 1908 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 b y 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-im provem ent
bonds described in V. 83, p. 1549, were awarded to Otis &
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. Denom ination $1,000.
semi-annually in New Y ork,
to call after Jan. 1 1917.
[V o l.
l x x x iv .
that day by the Common Council. A u th ority, Chapter 5 3 y
Laws of 1906. Denom ination $1 000. Date Jan. 1 1907.
Interest semi-annually at the office of the City Treasurer.
M aturity $15,000 yearly on Jan. 1 from 1918 to 1921 in clu
sive and $20,000 Jan. 1 1922. Certified cheek for $1,000 re
quired. The bonds will be certified to as to genuineness b y
the United States Mortgage & Trust C o., New Y ork City,
and their legality will be approved by J. H . Caldwell, E sq.,
New Y ork City, whose opinion will be furnished to the pur
chaser. A . W . R eynolds is City Clerk.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Date Jan. 1 1907. Interest
M aturity Jan. 1 1937, subject
Medford, Mass.— Temporary Loan.— The City Treasurer
has negotiated a loan of $75,000 with Loring, Tolm an &
Tupper of Boston. Loan matures in six months.
Milwaukee, W is. — Bond Offering.— Proposals will be re
ceived until 10 a. m. Jan. 28 b y the Commissioners of the
Public D ebt at the City Com ptroller’s office for $20,000 4 %
coupon park bonds. A u th ority, Chapters 40b and 41 of the
W isconsin statutes for 1898, and A cts am endatory th ereof.
Denom ination $1,000. Date Jan. 1 1907. Interest semi
annually at the office o.f the City Treasurer or at the M orton
Trust Co. in New Y ork City. M aturity one-tw entieth
yearly.
Murray, Calloway County, K y .— No Action Yet Taken.—
No action has y et been taken in the m atter 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,
Monroe County (P. O. Key W est), Fla.— M aturity of
Bonds.— We are advised that the $60,000 5 % coupon school
bonds which are now being offered for sale b y the First
National Bank o f K ey W est, as agent for the coun ty, will
mature in tw enty years, su bject to call after five years.
Bonds are exem pt from taxation. For description of se
curities, see V. 83, p. 1549.
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.
Montgomery, Ala.— Bond Offering.— Proposals will be re
ceived until 12 m . Feb. 11 b y R . S. W illiam s, City Treas
urer, for $468,000 4J^% refunding bonds. Denom ination
$1,000. Date Jan. 1 1907. Interest sem i-annually in New
Y ork City. M aturity thirty years. Certified check for
2 % of the am ount b id , payable to the City Treasurer, is re
quired. The validity o f these bonds has been passed upon
b y Dillon & H ubbard o f New Y ork City.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Mount Vernon, Westchester County, N. Y .— Bond Offer
in g.— 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
New Rochelle, N. Y .— Bond Offering.— Proposals will be
received until 8 p. m . Feb. 5 b y Charles K am m erm eyer,
City Clerk, for $25,000 4 % registered street-im provem ent
bonds. Denom ination $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 b y the United States Mortgage & Trust Co. o f
New Y ork City and their legality will be approved b y J. H .
Caldwell, E sq ., of New Y ork City, whose opinion will be
delivered to the purchaser. Each bid must be made on a
blank form furnished b y the city and must be accom panied
b y a certified check on an incorporated bank or trust com
pany in New Y ork State for $2,000, payable to the^City
Treasurer. D elivery of bonds Feb. 11.‘fc Purchaser to pay
accrued interest. These bonds were offered bu t not sold on
Sept. 18 1906. See V. 83, p . 715.
& c.
NE W LOANS.
N E W LOANS.
^ 8 0 ,0 0 0
$
3
0
,
0
0
0
,
0
0
City of Mount Vernon, N.Y,,
0
NEW YORK CITY
F o u r
(4 % )
P e r
C e n t.
SOLD TAX EXEMPT STOCK AND BONDS
Issued in Registered Form
To be sold Friday, February 1,1907
A t 2 o’CIock P. M.
AS FOLLOWS:
$ 2 6 ,0 9 9 ,0 0 0
C o rp o ra te
S tock ,
P a y a b l e N o v e m b e r 1, 1956
1 ,5 0 0 ,0 0 9
C o rp o ra te
S to ck ,
P a y a b le
N ovem ber
REFUNDING BONDS
T h e C o m m o n C o u n cil o f th e C ity o f M o u n t
V e r n o n , N e w Y o r k , w ill o n th e 5 T H O F F E B . ’ 0 7 ,
a t e ig h t o ’c lo c k p . m ., r e c e iv e se a le d p r o p o s a ls f o r
th e p u rch a s e o f $ 8 0 ,0 0 0 R e fu n d in g B o n d s o f th e
said C ity , t o b e elated J a n u a r y 1 st, 190 7, b e a rin g
in terest a t fo u r p e r c e n tu m p e r a n n u m , p a y a b le
s e m i-a n n u a lly , a n d m a tu rin g as fo llo w s :
^
$15 ,0 0 0 o n J a n u a r y 1 st, 1918
j j^ t 15.000 o n J a n u a r y 1st, 1919
15.0 0 0 o n J a n u a r y 1 st, 1920
15.0 0 0 o n J a n u a r y 1st, 1921
f
2 0 .0 0 0 o n J a n u a r y 1st, 1922
E a ch p r o p o s a l m u s t b e a c c o m p a n ie d b y c e r
tifie d c h e c k fo r $ 1 ,0 0 0 , t o c o n s titu te liq u id a te d
d a m a g e s in th e e v e n t o f th e s u cce s s fu l b id d e r
fa ilin g t o a c c e p t said b o n d s.
B o n d s w ill b e e n g r a v e d u n d e r th e su p e r v is io n
o f a n d ce rtifie d as t o th e ir genu in en ess b y t h e
U n ite d S tates M o r tg a g e & T ru st C o m p a n y ,
a n d th e ir le g a lity w ill b e a p p r o v e d b y J . H . C a ld
w e ll, E s q ., o f N ew Y o r k C ity , w h ose o p in io n as
to le g a lity w ill b e fu rn is h e d t o th e p u r c h a s e r .iH
T h e b o n d s c a n n o t b e so ld fo r less th a n p a r a n d
a c c r u e d in te re st.
T h e rig h t is r e se rv ed t o r e je c t
a n y o r all b id s .
T h e C o m m o n C o u n cil w ill a w a rd
th e b o n d s t o th e h igh est b id d e r unless t h e y s h a ll
de e m it fo r th e in terests o f th e C ity t o r e je c t
s u ch b id .
A. W. REYNOLDS,
C ity C lerk.
^
STO CKS
AND
LEGAL IN V E ST M E N T S
BONDS
FONDS
Send b id s in a se a le d e n v e lo p e , e n c lo s e d in th e a d d re sse d en v e lo p e . A D E P O S IT O F T W O
P E R C E N T . O F P A R V A L U E M U S T A C C O M P A N Y B I D . Suoh d e p o s it m u st b e in m o n e y or
c e r tifie d c h e c k u p o n a s o lv e n t B a n k in g C o r p o r a tio n . F o r fu lle r in fo r m a tio n sea “ C ity R e c
o r d ,” p u b lish ed a t i C ity H a ll, N e w Y o r k .
C o n su lt a n y B a n k or T r u s t C o m p a n y , o r add ress
H E R M A N A. M E T Z , Comptroller City of New York
280 Broadway, New York
BONDS W
,TH
W IT
H OO
UR
T COUPONS
w ith steel-p la te b ord e rs, o r lith o g ra p h e d , o r part
ly p rin ted fro m ty p e . I f th e latter, th e n ca n be-
D E L IV E R E D IN F E W
DAYS
C ertificates en g ra v e d in best m anner, o r p artly
lith og ra p h ed and p artly p rin te d
H . C. Speer & Sons Co.
First Nat. Bank Building, Chicago
R O N
5
, 0
0
0
LOCKHART, TEX A S,
Se a le d b id s w ill b e r e c e iv e d u n til 3 P . M .,
F E B R U A R Y 4 , b y M . O . F lo w e rs , C it y S e c r e
t a r y , fo r $ 1 5 ,0 0 0 s c h o o l h o u s e b o n d s , b e a rin g fiv e
(5) p e r c e n t in te re s t.
S e cu ritie s a re in d e n o m i
n a tio n o f $500 a n d w ill m a tu r e In f o r t y (40)
y e a r s , th e c it y r e s e r v in g th e rig h t t o retire $ 1 ,5 0 0
in fiv e y e a r s , $ 2 ,5 0 0 in t e n y e a r s , $ 3 ,0 0 0 in fifte e n
y e a r s , $ 3 ,5 0 0 in t w e n ty ye a rs a n d $ 4 ,o 0 0 In t w e n
ty -fiv e y e a rs .
P r in c ip a l a n d in te re s t w ill b e
m a d e p a y a b le a t th e o ffic e o f th e S ta te T r e a su r e r ,
o r a t th e N a tio n a l P a rk B a n k In INew \ o rk C it y ,
o r a t th e F ir s t N a tio n a l B a n k In C h ic a g o , a t th e
o p t io n o f th e h o ld e r .
C ertified c h e c k fo r $200 m u s t a c ^ m p a n y each
h id
M . O . rL.O \Vr!iK S,
C it y S e c r e ta r y .
F. B. S H E R M A N & CO.
Established 1 8 5 5 .
C IT Y C O U N T Y
AND T O W N S H IP
ALBEKT B. KING & CO., 206 Broadway, N, Y,
1
5 % School Bonds.
ARE
FOR T R O ST
M ayor.
1 ,1 9 2 6
2 ,5 0 0 ,0 0 0 A s s e s s m e n t B o n d s , P a y a b l e N o v e m b e r 1 , 1 9 1 6
T H ESE
EDWARD F. BRUSH,
R Q
m u n ic ip a l
)
„
[■ B O N D S
CORPORATION )
and
2 0 5 La Salle Street, C H IC A G O
THE CHRONICLE,
J a n . 26 1907.]
New York City.— Bond O ffering.— Proposals will be re
ceived until 2 p . m . Feb. 1 b y Herman A . M etz, City Comp
troller, for $30,000,000 4 % gold registered or coupon cor
porate stock and bonds, as follows:
$23,000,000 4 % corporate stock lor various m unicipal purposes, maturing
N ov. 1 1956.
2.750.000 4% corporate stock for water supply, m aturing N ov. 1 1956.
1.500.000 4 % corporate stock for water supply, m aturing N ov. 1 1926.
250,000 4 % corporate stock for construction of a library building in
Bryant Park, m aturing N ov. 1 1956.
1.500.000 4 % assessment bonds for street and park openings, maturing
N ov. 1 1916.
1 ,0 0 0 ,0 0 0 4 % assessment
bonds for street-im provem ents, maturing
N ov. 1 1916.
The above bonds are exem pt from all taxation save for
State purposes, except the Bryant Park library building bonds
which are exempt from all taxation. Interest May 1 and
N ov. 1.
Either m oney or a certified check drawn to the order of
the City Com ptroller for 2 % of the par value of the stock
or bonds bid fo r must accom pany proposals.
Chapter 274 of the Laws of 1904, which applies to the sale
o f bonds of the City of New Y ork , provides that “ all-or-none”
bids cannot be considered b y the Com ptroller unless the
bidder offering to purchase “ all or none” of the bonds offered
for sale shall also offer to purchase “ all or any pa rt” thereof.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Oneonta, Otsego County, N. Y . — Bond Offering.— ProHenry D.
$4,000 registered or cou pon refunding bonds at not exceeding 4 % interest.
D enom ination $500. Date Jan. 1 1907. M aturity $500 yearly on
Jan. 1 from 1912 to 1919 inclusive. Certified check for $250 re
quired. Bonds are exem pt from all taxes.
50,000 registered or cou pon building bonds. D enom ination $ 1 ,000. Date
A ug. 1 1906. Maturity $ 2 , 0 0 0 yearly on A ug. 1 from 1911 to 1935
inclusive. Certified check for $1,250 required.
Interest (rate to be named in bids) semi-annually at the
Village Treasurer’s office. Certified checks to be made paya
ble to the Village Treasurer.
#
1
, 0
0
0
, 0
0
Pacific Grove, Monterey County, Cal.— Bond Sale.— An
issue of $20,000 5 % storm-sewer bonds was awarded on
D ec. 10 1906 to E. H . Rollins & Sons of San Francisco at
107.039. Denom ination $500. Date D ec. 1 1906. Interest
semi-annual. M aturity $500 yearly on D ec. 1 from 1907 to
1946 inclusive.
Perry and Castile (Towns) Union Free School District No.
6 (P. O. Perry), Wyoming County, N. Y — Bond O ffering.—
Proposals will be received until 7:30 p. m . Jan. 29 b y the
Board of Education for the $50,000 school-building bonds
offered bu t n ot sold on Sept. 17 1906. Interest n ot to ex
ceed 5 % . A uthority Section 10, Title 8, Chapter 556,
Laws of 1894, and vote of 269 to 214 at an election held Aug.
15 1905. Denom ination $1,000. Date March 1 1907. In
terest June 1 and Dec. 1 in Perry or New Y ork City. Ma
turity $2,000 yearly beginning Dec. 1 1912. Certified check
for 2 % o f am ount 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 has no bon ded debt at present. Assessed
valuation $1,523,289; actual value (estim ated), $2,250,000.
Portland, Maine.— Note O ffering.— Proposals will be re
ceived until 11:30 a. m . Jan. 29 b y D avid Birnie, City Treas
urer, for the discount of a tem porary loan of $150,000 in an
ticipation of taxes. Notes will be dated day of sale and
will mature O ct. 1 1907.
will be received until 8 p. m . Feb. 5 b y
Sosals
[cLaury, Village Clerk, for the follow ing bonds:
N E W LOANS.
235
Racine, Racine County, W is.— Bond Sale.— On Jan. 18
$50,000 4 % street-im provem ent bonds were awarded to the
First National Bank of Chicago at 100.73. Following are
the bids:
First N at. Bank, Chicagjo---- $50,365 |M frs.’ N at. B k ., R acin e____ $50,160
A . B. Leach & C o., C h ica g o -. 50,360!F irst N at. Bank, R a cin e____ 50,125
Denom ination $1,000. Date May 1 1906. Interest paya
ble at the City Treasurer’s office. M aturity $2,000 yearly on.
May 1 from 1907 to 1916 and $3,000 yearly on May 1 from
1917 to 1926 inclusive.
Reading, Hamilton County, Ohio.— Bond Sale.— On Jan.
16 the $7,800 4 % coupon street-im provem ent bonds maturing
in O ct. 1 1926 and described in V. 83, p. 1550, were awarded
N E W LOANS.
N E W LOANS.
^ 4 6 8 ,0 0 0
§ 1 5 0 .0 0 0
0
City of Baltimore, M d , A S B U R Y PARK, N. J., Uity of Montgomery, Alak,
SEWERAGE STOCK
4% Coupon Improvement Bonds
4^% Refunding Bonds
B a ltim o r e , M d ., J a n u a r y 2 4 , 1907.
P r o p o sa ls w ill b e r e c e iv e d a t th e M a y o r ’s O ffic e ,
C ity H a ll, B a ltim o re , u n til 12 o ’c lo c k n o o n ,
T H U R S D A Y , F E B R U A R Y 7 , 1 90 7, fo r th e
p u r c h a s e , in w h o le o r in p a r t , o f $ 1 ,0 0 0 ,0 0 0 00
o f th e reg istered s t o c k o f th e C ity o f B a ltim o re ,
r e d e e m a b le o n t h e first d a y o f O c t o b e r in th e
y e a r 1980 a n d b e a rin g in te re st a t t h e ra te o f
3 34 p e r c e n tu m p e r a n n u m , p a y a b le s e m i-a n n u a l
l y o n th e first d a y o f A p ril a n d O c t o b e r in ea ch
an d ev ery year.
T h e Interest w ill c o m m e n c e
O c t o b e r 1, 1906.
fctT h is s t o c k is Issued In p u r s u a n ce o f an A c t o f
th e G en eral A s s e m b ly o f M a ry la n d pa sse d a t its
J a n u a r y session in th e y e a r 1904, C h a p te r 349 ,
a n d b y v ir tu e o f O rd in a n ce N o . 227 o f th e M a y o r
a n d C ity C ou n cil o f B a ltim o re , a p p r o v e d M arch 20
1 9 0 5 , w h ic h p r o v id e d fo r th e " is s u a n c e o f th e
s t o c k o f th e M a y or a n d C ity C o u n cil o f B a ltim o re
t o r a su m n o t e x c e e d in g $ 1 0 ,0 0 0 ,0 0 0 fo r th e p u r
p o s e o f p r o v id in g m o n e y fo r th e p r o je c t io n , c o n
s t r u c tio n a n d esta b lis h m e n t o f a N ew S ew erage
S y s te m fo r th e C it y o f B a lt im o r e ,” w h ic h o r d i
n a n ce w as ra tified b y th e le ga l v o te rs o f th e C ity
o f B a ltim o re a t th e M u n icip a l E le c t io n h eld
M a y 2, 1905.
T h e C ity d oes n o t t a x a n y o f its issues o f s t o c k
a n d ta k es th e p la c e o f th e h o ld e r o f this issu e in
th e p a y m e n t o f th e a n n u a l S ta te T a x th e r e o n ,
f o r w h ic h th e h o ld e r is le g a lly lia b le .
A ll b id s m u st b e m a d e fla t, a n d n o b id s fo r
“ all o r n o n e ” w ill b e r e c e iv e d .
P ro p o sa ls m u s t b e sea le d a n d a d d re sse d t o th e
P r e sid e n t o f th e B o a rd o f C om m issio n e rs o f
F in a n c e , C ity H a ll, a n d m a r k e d “ P r o p o s a ls fo r
B a ltim o re C ity S t o c k .”
T h e rig h t is re se rv e d t o r e je c t a n y a n d all b id s .
S ealed p r o p o s a ls w ill b e r e c e iv e d b y th e C ity o f
A s b u r y P a rk u n til J a n u a ry 2 8 t h , 1 90 7, a t 2 o ’ c lo c k
p . m ., fo r t h e p u rch a se o f $ 1 5 0 ,0 0 0 4 % c o u p o n
I m p r o v e m e n t B o n d s o f said C it y , o f t h e d e n o m i
n a tio n o f $ 1 ,000 ea ch .
B o n d s t o ru n 40 y e a rs w it h o u t o p t io n .
D a te d O c t o b e r 1, 1 9 0 6 , m a tu r in g O c t o b e r 1,
1946.
In te re s t p a y a b le A p r il 1 a n d O c t o b e r 1 in N ew
Y o r k E x ch a n g e .
B o n d s are a u th o r iz e d b y C h a p te r 80 o f th e
L a w s o f 1906.
T h e re has n e v e r b e e n a n y d e fa u lt In th e p a y
m e n t o f p r in cip a l o r in te re st o f a n y b o n d s a n d
th e re is n o c o n t r o v e r s y o r litig a tio n p e n d in g o r
th r e a te n e d co n c e r n in g t h e v a lid it y o f th e b o n d s ,
t h e c o r p o r a t e e x is te n ce , b o u n d a r ie s o f t h e m u
n ic ip a lit y , o r th e title o f t h e p re se n t o ffic e r s t o
th e ir r e s p e c tiv e o ffic e s .
T r u e v a lu e (e stim a te d ) o f all ta x a b le p r o p e r t y
in t h e m u n ic ip a lit y is $ 1 7 ,0 0 8 ,9 1 6 .
A sse sse d v a lu a tio n as r e v ise d $ 9 ,4 7 6 ,9 9 5 .
T h e to ta l b o n d e d d e b t ( I N C L U D I N G T H I S
I S S U E ) , $ 8 1 5 ,5 0 0 .
A m o u n t o f b o n d s in c lu d e d in th e a b o v e fo r
w a t e r w o r k s , $ 2 1 2 ,0 0 0 .
S in k in g F u n d o f 2 % p r o v id e d fo r in th is an d
r e c e n t issu es.
V a lu e o f p r o p e r t y o w n e d b y m u n ic ip a lit y (at
c o s t ) , $ 1 ,3 2 7 ,6 4 9 24.
D a te d J a n u a r y 19, 190 7.
Se a le d p r o p o s a ls w ill b e r e c e iv e d b y t h e C ity
T r e a s u r e r , R . S . W illia m s , o f t h e c it y o f M o n t
g o m e r y , A la b a m a , u n til t h e 1 1 th d a y o f F e b r u a r y ,
1 9 0 7 , fo r t h e p u rch a s e o f $ 4 6 8 ,0 0 0 refu n d in g
b o n d s , w it h a c c r u e d in te re s t, d a t e d J a n u a r y
1st, 1907.
B o n d s are o f $ 1 ,0 0 0 d e n o m in a tio n a n d b e a r
4 y2 p e r ce n t in te re s t, p a y a b le se m i-a n n u a lly in
N ew Y o r k C ity , N . Y . , a n d w ill m a tu r e in t h ir t y
years.
A ll p r o p o s a ls m u s t b e a c c o m p a n ie d b y a c e r ti
fied c h e c k in t h e a m o u n t o f 2 p e r ce n t o f t h e
su m o f th e b id , p a y a b le t o R . S. W illia m s , C ity
T re a s u re r.
B id s w ill b e o p e n e d b y t h e M a y o r
a t n o o n o n th e 11th d a y o f F e b r u a r y , 190 7.
No
b id w ill b e co n s id e r e d fo r less th a n p a r a n d a c
cru e d in te re st.
V a lid it y o f b o n d s has been
fa v o r a b ly p assed o n b y M essrs. D illo n & H u b
b a r d , o f N ew Y o r k .
C ity reserves rig h t t o r e je c t a n y a n d a ll b id s.
W IL T O N S N O W D E N ,
P r e s id e n t, B o a r d o f C om m issio n e rs
o f F in a n ce fo r B a ltim o re C ity .
J . S E W E L L T H O M A S , C lerk.
W . C. BURROUGHS, City Clerk.
Adrian H. M u lle r & Son
A U C T IO N E E R S .
W . M . T E A G U E , M ayor.
E R V IN Sc C O M P A N Y ,
BANKERS,
n,
.
ea
BONDS
( New York Stock Exchange,
) Philadelphia Stock Exchange.
FO R
43 Exohaage Place,
New York.
INVESTMENT.
Drexel Building,
Philadelphia.
R egular W e e k ly Sales
Mao Donald^McOoy & Co.,
OF
H.
W . NOBLE
S
COMPANY,
D e t r o it .
New Y
o rk.
S T O C K S and B O N D S
EYBBY WEDNESDAY.
P h il a d e l p h ia .
M U N IC IP A L
AND
Office
No.
66
W IL L IA M
«T R ££T
C o rn er P in e S tre e t.
P U B L IC SERVICE C O R P O R A T IO N
m u m C lPAL
AMD
C O R PO R A TIO N
BONDS.
z8i La Salle Street, Chicago.
BONDS.
M UNICIPA L AND RAILROAD
IN V E S T M E N T B O N D S
BONDS.
L is ts u p o n re q u e st.
LIST ON APPLICATION.
Denison & Farnsworth, SEASOSeOOD & MAYES
BOSTON
O L E m iN J D and P H IL A D E L P H IA
M e r c a n tile L ib r a r y B u U d l n g ,
© 1 «© *N N A T I.
Blodget, Merritt & Co ,
BANKERS,
16 Congress Street, Boston.
3 « NASSAU 8 T R E S T , N E W T O & K .
STATE, C IT f &~BA1LB0AD BONDS.
236
THE CHRONICLE.
to S. K uhn & Sons of Cincinnati at 102.86 and interest—
a basis of about 3.7 9 3 % . Following are the bids:
S. K u h n & S on s, C In cin ___ $ 8 ,023
S e a s o n g o o d & M a y er, C in e . 8 ,0 0 8
W e s t . G erm . B k ., C I n c in - . 7 ,9 2 5
B r ig h to n -G e r m a n B k . C o .,
C in cin n a ti _______________ 7 ,9 0 0
08 |R e a d in g B a n k , R e a d in g ___ $ 7,8 9 2
30 |R. K le y b o lt e & C o ., CIncin 7 ,8 9 0
5 0 | P r o v . S a v . B k . & T r . , C ine 7 ,8 6 0
|W . R . T o d d & C o ., C in e ___ 7 ,8 2 0
75 |
64
06
84
00
Reading, Pa.— Bond, Sale.— Local papers state that the
City Comptroller recently delivered to contractors $29,500
bonds as follow s:
$ 9 ,0 0 0
1.500
12,0 0 0
5 .5 0 0
1.5 0 0
S ew er
S ew er
S ew er
S ew er
S ew er
D istrict
D is trict
D istrict
D istrict
D is trict
N o . 3 X b o n d s t o D a v id B . P e o p le s .
N o . 5 b o n d s t o D a v id B . P e o p le s .
N o . 6 b o n d s t o D a v id B . P e o p le s .
N o . 11 b o n d s t o D a v id B . P e o p le s .
b o n d s t o H a w m a n C o n s tr u c tio n C o.
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 Am erican Savings Bank of Los A n
geles at 108.022 and accrued interest— a basis of about
4 .0 5 ^ % . The follow ing bids were received:
A m e r . S a v s. B a n k , L o s A n g . $54 ,011 |L os A n g e le s T r . C o . , L o s A n g $53 ,110
N . W . H arris & C o ., C h ic a g o . 5 3 ,7 2 8 IA d a m s -P h illip s C o ., L o s A n g 53,0 6 5
N . W . H a ls e y & C o . , L o s A n g 5 3 ,5 3 5 | W . R . S ta a ts C o ., P a s a d e n a . 53,0 0 8
E . H . R o llin s & S o n s , S an F r 53,5 3 5 |J o h n M arble C o ., L o s A n g . . 52,425
St. Joseph County (P. O. South Bend), Ind.— Bond Sale
Not Consummated.— The sale o f the $100,000 3 ^ % bridge
bonds awarded last O ctober to J. F. W ild & Co. o f Indian
apolis and the 860,000 33^% asylum bonds awarded at the
same tim e to Breed & Harrison o f Cincinnati has never been
consum m ated. The bonds were held void for the reason
that action was taken on the issue b y 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 mem bers. The bonds were, there
fore, destroyed. The $210,000 bridge and the $60,000 asy
lum bonds awarded on Jan. 17 (V . 84, p. 175) were issued
under entirely new proceedings.
St. Mary’s, Auglaize County, Ohio.— Bond Offering.—
Proposals will be received until 12 m. Feb. 2 b y F. F. Aschbacher, City Auditor, for $50,000 4 % sewage-disposal-plant
bonds. A uthority Sections 2835, 2836 and 2837 of the R e
vised Statutes. Denom ination $1,000. Date D ec. 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.
§ 6 5 0 ,0 0 0
S
A T L A N T IC C IT Y ,N .J .
I
0
0
l x x x iv .
Salina, Kansas.— Bond Sale.— This city recently awarded
at private sale to Hoehler & Cummings o f Toledo j $11,500
South Santa Fe Avenue assessment, $8,000 sewer4and,$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 Y ork City. Maturity one-tenth yearly.
Spring Lake, Mich.— Bond Sale.— We are advised that the
$15,000 43^% 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. Denom ination $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.
Stockton, Hunterdon County, N. J .— Bond[Sale.— An issue
o f $7,000 5 % im provem ent bonds has been disposed of to the
Lam bertville National Bank.
Sugar Notch (Borough), Luzerne County, Pa.— Bond Sale.
— On Jan. 7 the $8,500 5 % 193^-year (average) coupon
judgm ent-funding bonds described in V. 84, p. 63, were
awarded to S. A . Kean o f Chicago at 101.10— a basis of about
4.9 12% .
Sutton, Braxton County, W . V a .— Bond O ffering.— Pro
posals will be received until 6 p. m . Feb. 1 b y W . L. A rm
strong, Town R ecorder, for $18,000 5 % coupon bonds.
Securities are dated Jan. 1 1907. Interest annually at the
Seaboard National Bank in New Y ork City. Maturity
thirty years, subject to call after ten years. This offering
was inadvertently reported under the head of Sutton, V a.,
in last week’s “ Chronicle.”
Trenton, N. J.— Bond Offering.— Proposals will be re
ceived until 11 a. m ., Jan. 29, by W . J. B. Stokes, City
Treasurer, for the follow ing bonds:
$ 3 0 0,00 0 4 % 3 0 -y e a r re g iste re d c it y -h a ll b o n d s d a te d M arch 1 1907.
100 ,000 4 % 3 0 -y e a r r e g iste re d w a te r b o n d s d a t e d Ju n e 1 1906.
In terest
fro m Ju n e 1 1906 t o D e c . 1 1906 ca n c e le d .
6 3 ,000 4 % 1 0 -y e a r reg istered se w e r -c e r tillc a te -fu n d in g -a s se s s m e n t b o n d s
d a te d F e b . 1 1907.
Denomination $100 or m ultiple. Interest semi-annual.
Certified check on a national bank for 5 % o f each issue bid
N EW LOANS.
N EW LOANS.
[V ol.
, 0
0
__
N EW LOANS.
#
0
Town of Greenwich, Conn.,
4
1
, 0
0
0
Town of Hartsville, So. Oar,,
BONDS
High School 4 % Bonds.
6 % Coupon Bonds.
T h e C ity o f A T L A N T I C C I T Y w ill re ce iv e
sea led p ro p o s a ls fo r
$30 0 ,0 0 0 W A T E R B O N D S ,
d a t e d J U L Y 1, 190 6, m a tu rin g J U L Y 1, 1941,
b ea rin g in terest a t th e ra te o f fo u r a n d o n e -h a lf
per c e n tu m (4 > £ % ) per an n u m .
$ 1 7 5,00 0 P A V I N G B O N D S ,
d a te d J A N U A R Y 1, 190 7, m a tu rin g J A N U A R Y
1, 1 92 7, w ith Interest a t th e ra te o f fo u r a n d o n e h a lf p er c e n tu m (4 J ^ % ) per a n n u m .
$75 ,000 P A V I N G B O N D S ,
d a t e d J A N U A R Y 1 , 1 90 7, m a tu r in g J A N U A R Y
1 , 1 9 2 7 , w ith in terest a t th e r a te o f fo u r a n d o n e h a lf p er c e n tu m (4 J ^ % ) per an n u m .
$ 70 ,000 P A V I N G B O N D S ,
d a te d Ju n e 1, 1 90 5, m a tu rin g J U N E 1, 192 5,
w ith in terest a t th e ra te o f fo u r p er c e n tu m (4 % )
p er a n n u m .
.* $ 3 0 ,0 0 0 M U N I C I P A L H O S P I T A L B O N D S ,
d a te d S E P T E M B E R 1, 190 6, m atu rin g S E P
T E M B E R 1, 193 6, w ith Interest a t th e ra te o f
fo u r p er c e n tu m ( 4 % ) p er a n n u m .
• «A U o f th ese b o n d s are w it h o u t o p t io n , an d free
fr o m t a x .
P rin cip a l a n d in terest are p a y a b le at
th e H A N O V E R N A T I O N A L
BAN K, NEW
Y O R K C IT Y .
NS/These b o n d s w ill b e a p p r o v e d as t o le g a lity b y
D illo n & H u b b a r d o f N ew Y o r k , w h o se c e r tific a te
as t o le g a lity w ill a c c o m p a n y th e b o n d s w h e n
d e liv e re d , w ith o u t ch a rg e t o th e p u rch a se r.
T H E BO N D S W IL L BE E N G R A V E D U N D E R
T H E S U P E R V IS IO N O F A N D C E R T IF IE D
TO
AS TO
T H E IR
G E N U IN E N E S S
BY
THE
C O L U M B IA T R U S T
COM PANY
OF
NEW YORK.
pip B ids w ill b e re c e iv e d u n til 12 O ’ C L O C K M ..
S A T U R D A Y . F E B R U A R Y 9 . 1907. T h e C ity
o f A t la n t ic C ity reserves th e rig h t t o r e je c t a n y
o r all b id s .
B on d s w ill b e d e liv e re d t o th e p u r
ch a ser o n o r a b o u t M arch 1, 1 90 7.
E v e ry b id
m u s t b e a c c o m p a n ie d b y a ce rtifie d c h e c k o r
ca sh as fo llo w s :
F o r th e $ 3 0 0,00 0 W a t e r B o n d s ..................... $5,000
F o r th e $1 7 5 ,0 0 0 P a v in g B o n d s ___________
3,0 0 0
F o r t h e $75 ,0 0 0 P a v in g B o n d s ___________
1,500
F o r t h e $ 7 0 ,0 0 0 P a v in g B o n d s ___________
1,500
F o i th e $30 ,0 0 0 H o sp ita l B o n d s ...............
1,000
S e a le d p ro p o s a ls w ill b e r e c e iv e d a t T h e G re e n
w ich T r u s t , L o a n & D e p o s it C o m p a n y , in said
G re e n w ic h , u n til 12 o ’c lo c k n o o n , F E B R U A R Y
1 5 T H , 1 9 0 7 , fo r th e p u r c h a s e o f $10 0 ,0 0 0 4 %
coupon
bon d s,
d e n o m in a tio n
$ 50 0, p a y a b le
J u ly 1st, 1 93 5, In terest p a y a b le J a n u a r y 1st a n d
J u ly 1st in ea ch y e a r , Issued b y th e T o w n o f
G re e n w ic h , p u rs u a n t t o a S p e cia l A c t o f th e
G en eral A s s e m b ly o f th e S ta te o f C o n n e c tic u t.
B id s w ill be re c e iv e d fo r all o r a n y p a r t o f th e
l o t n o t less th a n $ 1 0 ,0 0 0 In a m o u n t .
A ce rtifie d c h e c k , if b id Is fo r en tire l o t , o f
$ 1 ,0 0 0 ; i f b id is fo r less th a n e n tire lo t , o f 1 % o f
p r in c ip a l o f b o n d s b id f o r , p a y a b le t o th e o rd e r
o f th e T re a su re r o f th e T o w n o f G re e n w ic h , to
a c c o m p a n y all b id s , a n d t o b e fo r fe it e d in case
o f fa ilu re o f p u rch a s e r t o c o m p ly w ith his b id .
P u rch a se rs t o p a y In a d d it io n t o b id a c c r u e d
in te re s t.
B o n d s t o b e p a id fo r a n d d e liv e re d a t said
C o m p a n y o n F e b r u a r y 2 5 th , 1907.
T h e r ig h t Is re served t o r e je c t a n y a n d all b id s .
A d d r e s s all b id s t o T h e G re e n w ich T r u s t, L o a n
& D e p o s it C o m p a n y , a n d e n d o rs e p la in ly o n th e
e n v e lo p e th e w o rd s , " B i d f o r H ig h S c h o o l B o n d s .”
F u rth e r In fo rm a tio n g iv e n b y sa id C o m p a n y
u p o n a p p lic a t io n .
D a te d G re e n w ic h , C o n n e c tic u t , J a n u a r y 1 5 th ,
1907.
S IL A S D . R IT C H ,
1 S e le c tm e n o f
J. A L B E R T L O C K W O O D , fth e T o w n o f
CH ARLES F. ADAM S.
J G re e n w ich .
S ealed p ro p o s a ls w ill b e r e c e iv e d b y th e B oa rd
o f C om m ission ers o f P u b lic W o r k s o f th e T o w n o f
H a r ts v ille , S. C. u n til 12 o ’ c lo c k n o o n . F E B
R U A R Y 1S T 190 7, fo r th e p u rch a se o f F o r t y O n e T h o u s a n d D olla rs ($ 4 1 ,0 0 0 00) fiv e p er c e n t
c o u p o n b o n d s , t o b e d a te d J a n u a ry 1st, 1 9 0 7 ,an d
p a y a b le f o r t y ye a rs a fte r d a te , w ith th e p r iv ileg e
o f r e d e m p tio n tw e n ty years a fte r d a te .
In terest
p a y a b le J a n u a ry 1st an d J u ly 1st o f each y ea r a t
B a n k o f H a rtsv ille , H a r ts v ille , S. C.
T h e p u r
p o s e o f th is Issue o f b o n d s Is t o m e e t th e c o s t o f
co n s tr u c tin g a system o f w ater w o rk s an d plan t
fo r sew erag e an d lig h tin g p u r p o s e s , fo r th e use
an d ben efit o f th e said to w n .
T h e T o w n o f H a rts v ille nas n o p re sen t b o n d e d
o r o th e r In d e b te d n e ss.
C ertified c h e c k fo r $1 ,000 0 0 , p a y a b le t o th e o rd e r o f J. J. L a w to n ,
C h airm an , t o a c c o m p a n y all b id s , and t o be fo r
fe ite d In case o f failure o f p u rch a ser t o c o m p ly
w ith his b id .
N o b id s fo r less than p a r an d a c
cru e d Interest w ill be c o n s id e re d .
R l? h t reserved
t o r e je c t a n y o r all b id s.
A d d ress all b ids t o th e
B o a rd o f C o m m ission ers o f P u b lic W o r k s , H a r ts
v ille , S. C ., an d en d o rse p la in ly o n th e e n v e lo p e
th e w o rd s, " B i d fo r B o n d s .”
F o r fu r th e r In fo rm a tio n a p p lv t o th e C h airm an .
J- J - L A W T O N C h airm an .
F . A . M I L L E R , S e cre ta ry .
$12 ,000
A c ir c u la r 'le tte r w ith fu ll p a rticu la rs a n d b la n k
fo rm o f p ro p o sa l w ill b e m a ile d t o p r o s p e c t iv e
bid d er^ on a p p lic a t io n t o
A. M. H E S T O N ,
C om p troll er.
SpeoiaHst* in New Jersey Securities.
ElSELE & KlNC,
BANKERS,
M em bers o f H ew Y o rk and P%Ba<t*lptiJa
S tock E x ch a««-es.
P riv a te W ire s to
If.Y . and P h ila d elp h ia .
757 - 7 X9 Broad S t.
NEWARK.
Perry, Coffin & Burr,
R
L.
DAY
60 State Street,
BOSTON.
COr
BANKERS,
35 Cou^ress 8treet>,
IN V E S T M E N T BONDS
&
BOSTON.
8 Nassau Street,
NEW YORK.
New York Oity Bonds
E X E M P T F BO K I S T A T E , COUNTY
AND C IT Y T A X E S
A Financial Courtship Albert Kleybolte & Co.,
Or a Plea for Conservative
Investments
(B y P ran k W .
The above book will be furnished
w i t h o u t eost on application to
E. H. ROLLINS & SONS, 21 Milk
8*., Boaton.
4 0 9 W a l n u t Sire©*,
C I S C I N N A T I , O.
Municipal,
County,
State,
suad H lgrb-G rade P u b lic Service
S ecu rities
Co ores pond en ce S olicited
for, payable to the City Treasurer, is required. Bids to be
made separately for each issue.
Trimble, Dyer County, Tenn.— Bond Offering.— Proposals
will be received until 6 p. m . Feb. 15 by T . A . Pierce, Tow n
R ecorder, for the $6,000 6 % coupon school-building bonds
voted on D ec. 18 1906. Denom ination $500. Date May 1
1907. Interest semi-annually at the Trimble Banking Co.
in Trim ble. Maturity on May 1 as follow s: $1,000 in 1912,
$1,500 in 1917, $1,500 in 1922 and $2,000 in 1927. Bonds
are exem pt from tow n taxes. Certified check on a national
or State bank for 5 % of the am ount bid , payable to the Town
Treasurer, is required. The tow n 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
were awarded to the W m . R . Staats Co. o f Pasadena for
$26,517, the price thus being 103.988. A bid of $25,610
was^also received from H . S. Crane of Turlock. Denom ina
t i o n a l , 700. Date Jan. 16 1907. Interest annual. Matur
ity $1,700 yearly from Jan. 16 1913 to Jan. 16 1927 inclusive.
These securities take the place of the $22,000 6 % bonds
awarded on Sept. 11 1906 to H . S. Crane of Tu rlock. W e are
inform ed 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 lim it.
Vigo County (P. O. Terre Haute), Ind.— Bond O ffering.—
Proposals will be received until 2 p . m . March 5 b y Jerome
W . Denehie, County A uditor, for $34,778 50 4J^% bridgerepair bonds. Denom ination $1,000, except one bon d for
$778 50. Date March 15 1907. Interest Jan. 1 and July 1
at the office of A . B. Leach & Co. in New Y ork 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, V a.— Bond Offer
i n g — Proposals will be received until 12 m . to-da y (Jan. 26)
b y B . P. H olland, M ayor, for $20,000 6 % 30-year water
bonds. Denom ination $1,000. Date Feb. 1 1907. In
terest semi-annual. Certified check for 3 % of the am ount
bid required.
fc-Waterloo, Blackhawk County, Iowa.— Bond Sale.— An
ordinance providing for the issuance of $12,500 6 % street-
NEW
C !T Y
$118,171
57,365
90,330
318,218
920,417
00,000
OF W IN N IP E G
S E A L E D T E N D E R S a d d re sse d t o t h e B o a rd
o f C o n tr o l, a n d m a r k e d “ T e n d e r fo r D e b e n tu r e s ,”
w ill b e r e c e iv e d at th e o ffic e o f th e C ity C o m p
t r o lle r , C ity H a ll, W in n ip e g , M a n ito b a , u p t o
n o o n o n F R I D A Y , t h e 1S T M A R C H n e x t , fo r
th e p u r c h a s e o f $ 1 ,5 9 4 ,5 0 6 55.
C ity o f W in n ip e g d e b e n tu re s h a v in g an a v e r
a ge term o f a b o u t 22 yi y e a r s an d b e a rin g in terest
a t th e ra te o f F O U R P E R C E N T p er a n n u m ,
p a y a b le h a lf-y e a rly in L o n d o n , E n g la n d ; N ew
Y o r k , M o n tr e a l, T o r o n t o o r W in n ip e g , a t th e
h o ld e r s ’ o p t io n .
P r in c ip a l p a y a b le in W in n ip e g
in g o ld o r its e q u iv a le n t.
$ 1 1 8 ,1 7 4 97 ru n 7 y ea rs fr o m 1st M a y , 190 6.
5 7 ,3 6 5 93
“ 10 “
“
"
15
9 0 ,3 3 0 02
20
3 1 8 ,2 1 8 04
9 2 0 ,4 1 7 59
30
1 7 th Jan .
9 0 ,0 0 0 00
30
$ 1 .5 9 4 ,5 0 6 55
T e n d e r s m a y b e f o r th e w h o le or p a r t; n o t e n
d er n ecess a rily a c c e p t e d .
P u rch a se r t o p a y a c
c r u e d in terest o n c u r r e n t c o u p o n s a n d ta k e d e
l iv e r y a n d m a k e p a y m e n t In W in n ip e g .
F u rth e r in fo r m a t io n d esired w ill b e fu rn ish ed
o n a p p lic a t io n .
D . S. C U R R Y ,
C ity C o m p tr o lle r .
W in n ip e g , 1 8 th J a n ., 190 7.
Atlantic Mntual Insurance Company Scrip
of A ll Years Bought and Sold.
J O H N M , C tfL L E SP IE ,
Boom No. 518 Atlantic Building,
4®-61 Wall Street,
NEW YOBK.
W illiam R. Compton
Bond & M o rtgag e Co,
M A C O N , n flS S IH T K I.
(E s ta b lis h e d in 1889)
M ISSO U R I M U N IC IP A L B O N D S—
School, City, County and Drainage
Our list gives a wide selection £of
m any attractive issues in sizes- of
$2,000 to $100,000.
Opinion Chicago counsel, full legal
papers furnished
W e buy direct and handle nothing
on brokerage
•
*.
Close bu ying, large volum e and small
profit make our offerings attractive
Send for latest circular
New Y ork , Chicago, St. Louis'Tand
Kansas City references^*
W ILLIA M R. COMPTON, President.
4 Wardell Building . t i
97
93
02
04
59
00
4 % debentures to run seven years from M ay 1 1906.
4 % debentures to run ten years from May 1 1906.
4 % debentures to
4 % debentures to
4 % debentures to
4 % debentures to
run fifteen years from May 1 1906.
run tw enty years from May 1 1906.
run thirty years from M ay 1 1906.
run thirty years from Jan. 17 1906.
Interest semi-annually in L on don, E n g., New Y ork , M ont
real, Toronto or W innipeg, at option of holder. Purchaser
to pay accrued interest.
The official notice of this bond offering will be foundjamong
the advertisements elsewhere in this Department.
irJ&l
Wrightsville, Johnson County, Ga.— Bond Sale.— This
place has awarded to John H . Carter of Blue Ridge ,* at
101.625 and accrued interest, the $10,000 5 % 20-year cou
pon electric-light bonds dated D ec. 1 1906 and offered on
Jan. 2. W e are not advised as to whether any disposition
has y et 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.
^
Yonkers, N. Y .— Bond Offering.— Proposals will be re
ceived until 11 a. m . Jan. 30 b y John H . Coyne, M ayor, for
$100,000 5 % redem ption bonds. A uthority Section.* 13,
Title V , of the City Charter. Interest semi-annual. Ma
turity Feb. 1 1909.
MISCELLANEOUS.
5 5
D EB EN TU R ES
paving bon ds, to be delivered to the McCarthy Im provem ent
Co. in paym ent for work done, has been passed b y the
Council. Denom ination $500. Interest May 1 and N ov. 1.
Maturity part due each six months from May 1 1908 to
N ov. 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. Brow n, President, for $85,000 4 % water bonds.
A u th ority, Chapter 769, Laws of 1896. Denom ination
$1,000. Interest semi-annual. Maturity 30 years. Cer
tified check for 5 % of bid , drawn on a State bank or national
or trust com pany, required. Peter Paulding is Village
Treasurer.
W innipeg, M an.— Debenture O ffering.— Proposals will be
received until 12 m . March 1 b y the Board o f Control at the
office of D. S. Curry, City Com ptroller, for the follow ing
debentures:
LOANS
§ 1 ,5 9 4 ,5 0 6
237
THE CHRONICLE.
JAN 26 1907.]
O F F IC E
OF
THE
ATLANTIC MUTUAL INSURANCE COMPANY,
N ew Y o r k , J a n u a r y 2 2 d , 1907.
T :r T rustees, in co n fo rm ity w ith the Ch arter o f the C o m p a n y , su bm it the follow in g statem ent o f its a ffa irs
on the 31st o f D ecem b er, 1906.
P rem iu m s o n M arin e R isk s fr o m 1st J a n u a r y , 190 6, t o 31st D e ce m b e r , 1 9 0 6 ----------P re m iu m s o n P o licie s n o t m a rk e d o ff 1st J a n u a r y , 1 9 0 6 _______________________________
$ 3 ,1 9 0 ,2 4 1 67
582 ,191 98
T o t a l M arin e P r e m iu m s _____________________________________________________________________
$ 3 ,7 7 2 ,4 3 3 65
P rem iu m s m a rk e d o ff fro m 1st J a n u a ry , 1 90 6, t o 31st D e ce m b e r , 1 9 0 6 ____________
In te re st re c e iv e d d u rin g th e y e a r ___________________________ $35 6 ,4 5 7 98
R ent, less Taxes and Expenses ______________________________ 125 ,501 85
$ 4 8 1 ,9 5 9 83
$ 3 ,0 8 1 ,7 1 4 32
L osses p a id d u rin g th e y ea r w h ich w ere e stim a te d in 1905
an d p re v io u s y e a r s _____________________________________ $ 3 0 9 ,8 1 7 14
L osses o c c u r r e d , e s tim a te d a n d p a id in 1 9 0 6 ______________1 ,0 0 9 ,2 2 4 32 $ 1 ,3 1 9 ,0 4 1 46
Less S a lv a g e s _______________________ $ 1 0 7 ,1 7 6 57
R e-In su ra n ces --------------------------------1 5 0 ,1 9 0 74
2 5 7 ,3 6 7 31
$ 1 ,0 6 1 ,6 7 4 15
R e tu r n s o f P r e m iu m s________________________________________________________
$62 ,411 11
E x p e n se s, In clu d in g o ffic e r s ’ salaries a n d c le rk s ’ co m p e n s a tio n , s ta
tio n e ry , n ew sp a p ers, a d v e rtis e m e n ts , e t c ____________________________
$ 3 4 4 ,0 9 8 27
T h e C o m p a n y has t h e f o llo w in g A s s e ts , v i z .:
U n ite d S tates a n d S ta te o f N e w Y o r k S t o c k , C it y , B a n k a n d o t h e r S e c u r itie s ______
S p e cia l d e p o s its in B a n k s a n d T ru s t C o m p a n ie s _________________________________________
R e a l E s ta te c o r n e r W a ll a n d W illia m S t s ., a n d E x c h a n g e P la c e ______$ 4 ,2 9 9 ,0 0 0 00
O th e r R e a l E s ta te a n d cla im s d u e t h e C o m p a n y _______ :_________________
7 5 ,0 0 0 00
P re m iu m n o te s a n d B ills R e c e iv a b le _______________________________________________________
Cash in han ds o f E u ro p e a n B a n k ers t o p a y losses u n d e r p o licie s p a y a b le in fo re ig n
c o u n t r ie s _______________________________________________________________ __________________
G ash In b a n k ................................._ ................... ................................. .................* .......................... ................
A g g re g a tin g
$ 5 ,6 9 7 ,1 0 8 00
7 0 0 ,9 6 6 67
4 ,3 7 4 ,0 0 0 00
1 ,1 9 1 ,9 7 4 88
2 7 1 ,1 4 2 54
562 ,631 63
________________ ______________________________ ___________ _ __________ _ $ 1 2 ,7 9 7 ,8 2 3 72
A d iv id e n d o f Six p e r c e n t Interest o n th e o u ts ta n d in g c e rtifica te s o f p r o fits w ill b e p a id t o th e
h o ld e rs t h e r e o f, o r th eir legal r e p r e s e n ta tiv e s , o n a n d a fte r T u e sd a y t h e F ifth o f F e b ru a ry n e x t.
T h e o u ts ta n d in g c e rtifica te s o f t h e Issue o f 1901 w ill b e r e d e e m e d a n d p a id t o th e h o ld e rs t h e r e o f,
o r th e ir legal re p r e s e n ta tiv e s , o n a n d a fte r T u e sd a y th e fifth o f F e b ru a ry n e x t , fro m w h ic h d a te
all in terest th e re o n w ill ce a se .
T h e ce r tific a te s t o b e p r o d u c e d a t th e tim e o f p a y m e n t , a n d c a n c e le d
A d iv id e n d o f F o r ty p e r c e n t is d e cla re d o n th e n e t ea rn e d p re m iu m s o f th e C o m p a n y fo r th e
vf>ar e n d in g 3 1st D e ce m b e r , 190 6, fo r w h ic h , u p o a a p p lic a t io n , ce rtifica te s w ill b e issu ed o n a n d
a fte r T u e sd a y th e se v e n th o f M ay n e x t.
B y o r d e r o f the B o a rd ,
O. S T A N T O N F L O Y D -J O N E S . S e cre ta ry .
G U S T A V A M S IN C K ,
F R A N C I S M. B A C O N ,
JO H N N. B E A C H ,
W IL L IA M B. B O U LTO N ,
VERNON H. BROW N.
W A L D R O N P. B R O W N ,
JO SE PH H . CH A PM A N ,
G E O R G E C. C L A R K ,
C L E V E L A N D H. D O D G E ,
C O R N E L IU S E L D E R T ,
R IC H A R D H . E W A R T ,
TRU STEES.
H E R B E R T L. G R IG G S ,
C L E M E N T A . G R IS C O M ,
ANSON W . H A R D ,
M O R R IS K . JE S U P ,
L E W IS CASS L E D Y A R D ,
F R A N C IS H . L E G G E T T ,
C H A R L E S D. L E V E R IC H ,
L E A N D E R N. LO V E LL ,
GEORGE H. M ACY,
CH ARLES H. M ARSH ALL,
W . H. H. M OORE,
N IC H O L A S F . P A L M E R ,
H E N R Y P A R IS H ,
D A L L A S B. P R A T T ,
G E O R G E W . Q U IN T A R D ,
A. A. RA VE N ,
JO H N L. R I K E R ,
D O U G L A S R O B IN S O N ,
G U STAV H. SCHW AB,
W IL L IA M A. S T R E E T .
A . A . R A V E N , P resid en t.
C O R N E L I U S E L D E R T , V ice-P resid en t.
J A M E S L . L T V T N G S T O N , ?<t V ic e -P r es id e n t.
S A N F O R D E . C O B B , 3d V ice-P resid en t.
C H A R L E S E . F A Y , 4th V ice-P resid en t.
THE CHRONICLE.
238
[V ol.
l x x x iv
.
Sfmaujcial.
fin a n c ia l.
$ 1 1 ,0 0 0 ,0 0 0
T H E
N E W
Y O R K
T R D S T
C O M P A N Y
26 B R O A D S T R E E T
Capital, $3,000,000.
O T T O
W IL L A R D
T .
B A M
A R D ,
A L E X . S. W E B B
HERBERT
M O R T IM E R N. B U C K N E R , T rea su rer.
ARTH U R
W . M O R S E , le t
C h as. W . H ark n ess,
J a m e s N . H ill,
F . N . H o ffs to t,
A r t h u r C u r t iB S J a m e s ,
G ord on
J o h n J.
Jam es
G e ^ ig e
F r e d e r ic B . J e n n in g s ,
W a l t e r J e n n in g s ,
C tia u n c e y K e e p ,
S . G I B ESS, a d A s s t . S e c r e t a r y .
T
R
U
o
B . A y m a r 8 < to d & ,
J o s e p h J. S lo c u m ,
M a c d o n a ld ,
M itc h e ll,
F a r m e le e ,
W . P e rk in s ,
John W . Starling,
J a m e s S tillm a n ,
J o h n S . P h ip p s ,
IS. P a r m a l c e P r e n t i c e ,
E d m u n d D . R a n d o lp h
N orm an B. R eam .
W ood b u ry L an gd ca ,
E r n s t T b M ln L iu iB f
M y le s T ie r n e y .
P . A . V a le n t in e ,
r a w
T
IS
STREET
N ASSAU
O
Capital $3,000,000
a
r
a
n
t e
e
176 Broadway, N e w York.
175 Remsen Street, Brooklyn.
198 Montague Street, Brooklyn Banking Dept.
F u r n is h e s M o r tg a g e s to I n v e s to r s .
R eceives D e p o s its su b ject to check, a llo id n o
I n te r e s t.
D o es a ll T ru st C o m p a n y B u s in es s .
FINANCE COMMITTEE.
In Charge of Banking Interests.
EDWARD T. BEDFORD.
CLARENCE H . K E L SE Y .
E D G A R L . M A B fiT O N .
W IL L IA M H . N IC H O L S .
JAMES H. OLIFHANT.
CHARLES A. PEABODY.
JACOB H. BCHIFF.
JAMES SPEYER.
EDWARD O. STARLET.
CLARENCE H. KELSBY PrseMeat.
FRANK BAILEY. Viao-PnMifeat.
EDWARD O. STANLEY Second Vta*-Pr«*ld*at.
Manager Banking D«porttnent.
CLINTON D. BURDICK. Third Vlo-Pmldnt.
J. WRAY CLEVELAND, Secretary.
ARTHUR TERRY. Tr«uarw
5WANK L. SNIFFEN, Manager Brooklyn BanktW
Department.
S T
p
u
L o a n s H o n e y o n B o n d and M ortg a ge.
A sst. S e cre ta ry
TRUSTERS.
O tto T . B a n n a rd ,
S. R e a d in g B e r tro n ,
J a m e s A . B l-a ir ,
R o b e rt W . d eF orest,
J o h n B . D e n n is ,
B ife e r t H . G a r y ,
J oseph P . G ra ce,
g
E x a m in e s & g u a r a n te e s R ea l E sta te T itles.
P r e s id e n t.
F R E D E R I C K J. H O R N E , S e c r e t a r y .
J R ., >
it l e
a n d T R U S T CO M PANY
Surplus and Profits, $10,941,994,
V . K * N Q , > v l c e _p _ e a i d e _ t 8
T
S K
Surplus $10,000,000
A L V IN
W .
KRECH,
L A W R E N C E L . G I L L E S P I E , V ic e -P r e s id e n t .
L Y M A N R H O A D E S J R ., A s s is ta n t S e cr e ta r y .
REPUBLIC OF CUBA
P re s id e n t.
5% Internal Bonds
F R E D E R I C K W . F U L L E , S ec. and T rea s
H U G H M . W A L K E R , A s s is ta n t T r e a s u r e r .
P a y a b l e in U . S . G o ld C o i o
TRUSTEES.
C. F. A dam s 2d
C B . A le x a n d e r
John F. D ryden
F r e d e r ic k W . F u lle
W i n s l o w S . P ie r c e
H . H . P orter
H . M . A le x a n d e r
H u g o B a r in g
H enry
F . R . C ou d ert
L a w r e n c e L . G ille s p ie
b . H . H a r r im a n
T . H . H ubbard
L ym a n R h oa d es J r.
J . H e n r y S m it h
P au l D . C r a v a th
W . H . C rock er
B r a d is h J o h n s o n
O tto H . K a h n
V . P . Snyder
G a g e E . T a r b e ll
T . D e W i t t C u y le r
W i ll ia m A . D a y
H e n r y C . D e m in g
A lv in W . K re ch
L. F . F orce
D . H . M o ffa t
S i r W i ll ia m C . V a n H o r n e
H . M . W a lk e r
G eorg e T . W ils o n
M . H a rtle y
P aul M orton
R a lp h P e t e r s
H enry
D odge
Y IE L D IN G
OVER
5%
PER
ANNUM
S. R e d m o n d
R ogers
T. W .
S T E P H E N S
&
C O .,
2 W all Street, New I ork.
B A L T IM O R E
Continental Building.
C H IC A G O
1st Nat. Bank Bide*
W in th r o p
R. A . Lancaster & Sons
BANKERS,
NO 10 WALL STREET,
J o n e s , C a e s a r , D ic k in so n , W ilm o t &
C e r tifie d
P u b lic
NEW
Co.
YORK,
DEALEKS LN
INVESTMENT and MISCELLANEOUS
SECURITIES.
§ M t b e r n S ecu rities a S p ecia lty.
A c c o u n t a n t s .
(Illinois)
BEADLE & MAXWELL
NEW YORK
54 W illiam St.
CHICAGO
Tribune Bldg.
PITTSBURGH
MEXICO, D. F.
LONDON
People’s Bldg.
Apartado, 3029
3 Fredericks Place, E.C.
ST. LOUIS
Stock Exchange Bldg.
[E N G L A N D ]
SAN FRANCISCO
Monadnock Bldg.
MELBOURNE
[A U S T R A L IA ]
The 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 banka
absolutely F ree o f Charge. Orders can be
isened payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
North Africa and Australia. The most
flexible medium of exchange in use. AM
charges you make to thb public are pour
own profit.
W R I T S V O S P A R T IC U L A R S TO T H E
BANKERS’ MONEY ORDER ASSO CIATIO N,
Bank •< D i« M m t Bwtldln*.
8 2 B e a v e r St.,
9 Queen Street
ONE PIECE OF PAPER GOOD THE WORLD OVER
Are You a
Money Order
Bank ?
Gas and Electric
ENGINEERS
3 1 3 -3 1 5 W est 39th Street, New York
HODENPYL, WALBRIOGE & CO.,
7 Wall S t., New York.
Railroad, Street Ry., Gaa & Elec. Light
SECURITIES.
P
your
client
52 Exchange Place, New York.
Ex-Norton, Mem. NY. Stock Ex. G»o. F. N o r t o n IN V E S T M E N T
S E C U R IT IE S
VICKERS & PHELPS.
29 W a ll S t . , N e w Y o r k .
“ G U A R A N T E E D STO C K S”
Descriptive List Sent On Application.
wants
a
SPECULATION, with all
good
the
sureness o f a bond investm ent, you
cannot do better than recom mend
Am erican Telegraphone Com pany’s
Treasury Stock.
EX. N O R T O N -'* . CO .,
NEW YORK
Examinations and Reports
W rite for illus
trated booklet N o. 644.
Sterling Debenture Corporation
56 WALL ST. NEW YORK
@FedFRASER