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finanrial
Entered acoordin? to Act of Congress, tn the year 1905, by William B.
Dana Oompakt.
in the office of Librarian of Congress,
SATURDAY, JANUARY 6, 1906.
CLEARINGS—FOR DECEMBER, SINCE JANUARY 1 AND FOR WEEK ENDING
VOL.
—
Inc. or
1905.
New York
1904.
S
8,500,936,647
624,176,103
Philadelphia
PittsburK
3,512,!
3,130,1
r,948,l
Baltimore
:»,93i.i
BufTalo
1.645.
29,529..36S
Wasliington
B.865,'
Albany
l,4S0,
Rochester
Scranton
Syracuse
3.410,1
3,901,!
20.829.577
18.920,442
17.302.495
8.121,840
:;.75o,
Reading
Wilmington
5,8.82,158
5,546,1
5,556,.
1,924,
J, 731,;
2,487,;
2,067,;
1,898,'
l,S94,f
1,634,(
4,705,973
4,828,305
4,470,492
3. 561,.383
2,392.682
1,918.526
1,960,900
1,805,892
1,223.686
Wilkes-Barre
Wheeling
Erie
Chester
Binghamton
Greenaburg
Franklin
Frederick
Total Middle
120,038,902
957,!
,803,803
9.576.641,424
043. .545. 542
31.469.000
12.191.501
Boston
Providence
Hartford
New Haven
Springfield
203,2.32,250
8.909.7,85
..
0,641.102
5,720,103
7,224.947
Worcester
Portland
Fall River
Lowell
New Bedford
3,050,4.55
2,070,000
2,479.9.37
3.223,3jl0
Holyoke
New England
726.5.32,408
Chicago
859.7.88,774
Cincinnati
Milwaukee
Indianapolis
Columbus
-
Peoria
Grand Rapids
Dayton
Ill
Kalamazoo
Akron
Youngstown
Springfleld, Ohio
Bloomington
Quincy
Decatur
Man.sfleld
Jacksonville,
+ 11.4
+ 15.7
+
+
+
+
111
Jackson
Ann Arbor
Fort Wayne
South Bend
Not
includexi
1904.
$
93,822,000,202
6,928.055,686
2,500.009.210
—39.2
+
+
Lexington
Canton
Rockford
1905.
+ 14.0
—0.2
+ 12.2 1.290,105.7.59
+9.1
350,507,505
+ 7.2
255,100,031
+ 14.0
224,676,515
+ 13.5
191,870,508
+ 18.0
94.074.101
+ 21.9
70.844.109
+ 14.8,
57,240.142
+ 17.9
59.876,074
+ 15.1
51.897.938
+ 10. 2|
41. .335.369
+ 4.S|
27,423.609
+ 4.01
24,119,210
+ 7.8I
25,255,300
—3.2
23,237,711
+ 4.9
12,420,395
+ .33.0
9.384.221
19.2
+
+ 12.9 106.072, ,879 ,001
,225 ,997
+ 10.7 7,655,
381, 433 400
+ 18.1
162, 311 ;435
+ 18
114, 913 237
+ 17.2
90, 224 899
+ 24.5
281 ,160
+ 1«.0
89! 178 145
+ 12.5
.39, 9,53 089
+ .38,9
24, 103: 340
+ 8.0
•31, 101 110
+ 25.2
23, 943 425
+
+
Evansville
Springfleld.
%~
110,102.350
+ 1.0
62,374,336
12.2
48,992,232
13.5
39.911.567
+ 8.1
29,071,554
13.9
21,890,500 + 18.4
10,942,749
—2,7
13.917,266 + 12.9
8,020.947
12.2:
5,872,996
32.4:
7,187,775
+ 9.1I
3,665,747
+ 3.5
3,962,646
—0.2
2,526,450
52.7
2,580,299
29.2
2,315,709 + 49.2
2,278,374 —21.2
2,215,272 + 13 .0
1,863,021
—4.5
1,814,361 + 14.8
1,438,055 + 17.7
1,049.637 + 51.5
993.135
44.3
1.055,314 + 16.7
969,589 + 21.7
523,031
+ 2.0
Not included in total
Cleveland
Detroit
Toledo
Dec.
in total
8,089,729 ,337
10,141, 765 ,732
1,204, 529 550
774, ,078 269
597, 042 312
430, ,472 762
345, 387, 324
250, 430 900
198, 683
100, 245
108, 755
80, 494
83, ,282,
40, 507,
568
441
281
568
828
9,86
42, 018 672
27, 029 900
33, 240, 675
30, 131 560
25, 332, 554
20, 027, 102
19. 828, 784
21, 090, 212
18, 092, .801
16, 300, 814
10, 506, 022
13, 402, 365
12. 321 739
5, 939, 090
33, 702, 353
10, 812, 012
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
$
68,649,418,673
5, 776, .306.569
2,003,226,830
1,128,116,473
327,451,441
215,877,014
193,582,752
151,149,735
.89,967,770
04,910,848
53,875,552
55,000,093
46,558,499
36.589.029
25,023,761
22,506,783
22,482,100
19,853,519
11,779,528
8. 890.424
78.9e2!5G7,391
0,031, 546, ,802!
349,151,6001
139,719,637
101.314.461
77,180,263
02,610,019
80,143,514
37,384,382
23,525,930
24,959,842
20 ,078.006
7,553,620,456
8,989,983,764
1,222,815,350
694.092,850
525.513,705
408,769,462
320,160,804
228,348,100
166,354.293
144,905,474
101,037,199
85,265,216
71,408,724
37,992,074
38,715,208
29,357,350
32,081,410
26,565,030
27,778,949
24,075,804
20,425,268
20,871,002
10,744,493
14,310,770
10,103,003
11,938,020
11,060,581
5,031,217
Not included
Not in cluded
537 313,285.825,186
1,425,265,011 L253;930.286
13.7 14,7.38^
1,534,631,137
789
l.,S34,
140,337,4,86
168,987,361
20.4
345,343,956
298
479,
37,500,259
43,153,178
15.1
222,217,308
202
301,
19,736,301
28,802,763
45.9
740
150,434,475
211,
15,867,073
25,455.477
60.4
713
189,051,470
228.
17,440,064
21,030,005
20.0
092
6124,168,971
164.
Spokane
12,541.550
17,096.034
36.3
054
115.793,959
164.
Tacoma
__
13.929, l.SO
17.500.532
25.0
32,928.054
842
.39.
Helena
3,622,612
4.379,504
20.9
Oil
20,995,397
32.
Fargo
3,293,179 + 51.5
4.088.943
285
13.90 0.304
15.
Sioux Falls
1.25.3^588
1,510.773
20.5
2.761,471,031
Total Pacific
3,473,,024,020
332,910,570 "^265.521,818
25.4
1,097,887,150
1,197,,905,567
Kan.sas City
99,802.219
110,347,976
10.6
843,2.30.773
913,,579,559
Minneapolis
95.231,073
90, .575, 404
1.4
,398,143.064
442,,,857.685
Omaha
38,247,852
39.961.600
4.5
315.805,394
342,,751.234
St. Paul
30,500.657
34.411,407
12.8
233 .867.345
238.003,430,
St Joseph
19.813,939
22.029.141 —12.4
327, 957.696
235,725,7301
Denver
26.411,147
29.646.650
12.2
118,5.33.902'
130 ,791.677
Des Moines
12.330.755
—9.8
11.121.037
85, ,732.058
07,745.902
Sioux City
8, ,583. 422
—10.3
7,696,908
45,7,85,120
Topeka
41, ,803.379
4.521,745 —25.9
3,350,836
46,390,050
46, ,130.920
Davenport
4,408.643
3,502.203
25,9
Wichita
52,955,000
50, ,908.189
4.702,819 + 42.1
6,765,269
Colorado Springs
34 128.923
25,623,10s
2,278,203
2,863,894
25.7
21.208.007
Cedar Rapids
20. 554.151
1,811.498
2,493.541
37.7
Fremont
9.904.511
11, 979,075
1,060.857
1,352,101
27.5
Not in cluded
Pueblo Not included in total
Total other W>st.. ^370,809,265 " 351.680.191
464
3.517,002,422
3,893,013,
5^4
St. Louis
2,793,2.33,918
2,899,798, 979
259.248,243
260,545,521
+0.5
New Orleans
970,928,984
902,771, 960
112,478,038
113,992,301
1.3
Louisville
5.58,103,698
002,310. 723
51.:588,004
54.916.078
0.9
Houston
,331, .8.30,271
381,878, 668
38.2.58,349
34,024,933
12.4
Galveston
254,154,000
..
293,473, 500
24,4,80.500 + 31.0
32,213,500
Richmond
2.39,611,040
259.998, 234
22,849,447
25,633,250
12.2
Savannah
201,790,752
232.522, 040
24,944,200
21,341,179 + 16.9
Memphis
200,604,320
273,422, 557
28,122,352
32,002,034
13.8
Atlanta
158, 022, .303
185,025, 645
20,889,596
16,764,061
24.6
Nashville
132,854,933
100,1,53, 955
13,2:^,4.59
17, .501, 802
+ 32.2
Norfolk
90,491,308
103,,S.S8, 208
11,075,297
9,438,517
17.3
Fort Worth
93,856,248
1.33,7.53, 141
14,079,120
10,040,950
32.3
Augusta
7 o
75,020,004
93,521 142
7,679,414
8,271,848
Birm ngham
00,145,876
82,109, 311
7,008,319 + 25^0
8,763,105
Little Rock ...
49, 09 1,.850
53.008, 103;
3,550,085 + 24.9
4,432,403
KnoxviUe
01,440,173
03.576, ,080
5,346.319
5,852.401
9.5
+
Charleston
04. 8S!), 755
59, 461 ,,850
6.906.087
5. .572. 556
25.0
Chattanooga
40,921,2,89
52.241 ,938
3,879,903
5.805,709
51.2
Beaumont
22,4.59,028
—8.5
18,470, 083
1.574.2.39
1,720,514
Jacksonville
43,205,463
59,962,
5,354,459
4, 3 10,.546
24,2
+
Macon_
35,906,791
28.209,
2,159,848
2,479,109 —12.9
Columbus . .
Not included
14.403 .1041
1,470,631 Not Included in total
ilobile
Not included
40.999 ,290
5,657,785 Not Included in total
Total Southern...
646,160,602
094,698,773
+ 7.5 7,000,202 ,434 6,540,526,225
Total all
14.449,027.914 12,.820,472,809
12.7 143.872,974 ,359' 112,621,012,711
Outside New York 4,759,514,999 4,319,530,102 + 10,2 .50,050,914 ,157: 43,971,594,0.38
Total Middle West.
San Francisco
Los Angeles
Seat tie
Salt Lake City" "'III
Portland
_
.
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
^
+
ItST" Table
DEC. 30
Week ending December
Twelve Months.
December.
Total
NO.
82.
Clearings at
1905.
2,108,690,626
132,919,314
45,751,243
24,904.218
5.801.051
4.178,496
4,298,198
3,339,912
1,925,163
1,346,002
1,030,408
1,073,904
1,204.589
720,117
501,803
373.0.50:
430..300
432,060
300.060
1904.
340.,885
3, .882.492
2.80,179
3.8,83.630
3, ,891,954
5,011,797
2,500,000
1,448,317
4,754.959
1,917,078
1,232,450
955,272
606,513
783,700
334,260
323,498
200,000
400.000
6,82,554
786,447
867,825
450.000
544.086
260.,S98
440.000
71,623,295
50,785,812
21,388,390
10,079,714
8,113,540
0,523,500
4,000,000
5,087,484
4, .8.33, 444
3,678,340
3,062,578
1,917,087
2,637,621
1,341,695
2,008,452
1902.
+
1.254,899
.,247,748
785,086
500,604
414,456
413,010
318,000
400,000
125,000
760,977
568,775
"5"09a86
368,200
445.708
1.323,014,727 1.603,891.073
130,568,778
149.312.121
7,122,100
7.826,000
3,310,608
3,368,743
1,686,351
1,690,977
1,619,474
2,569,881
919,940
1,751,225
1,671,952
1,378,807
1,150,500
1,313,726
467.883
407,925
603.131
652,740
479.101
533.006
149.296,384
25.0
168,232,151
17,932,850
11,745,318
7,764.730
7,047,900
5,087,043
3,861,200
2,207,914
2,475,014
1,098,786
1,329,053
1,173,823
547,825
603,756
570,000
408,884
473,069
450,000
408,914
350,000
385,252
300,000
274,127
233,808
175,648
166,354
125,000
237,288,419
27,716,260
4,929,292
3,466,157
1,437,280
2,683,659
2,222,641
1,058,270
652,583
448,474
201,473
45,416,095
21,976,660
12,525,550
6.515,249
4,681,843
4,320,973
4,460,960
1,950,000
1,094,500
1,121,535
667,925
058,369
400,000
161.242
119.704
48,222,817
60,534,718
56,008,513
21,082,7.89
23,157,.5;i5
55,573,957
45,608,947
15,513,565
9,752,844
7,000,000
5,094,500
4,003,171
8,248,390
7,800,000
4,749,500
3,735,820
3,711.439
0.040.392
'60,058,638
3,399.1.59
4,305,8.56
2,700,792
4,2.32,154
2,1.30,358
2,219,124
1,612,734
1,590,043
1,703,402
1,118,043
1,118.091
990,478
987,894
098,000
851,907
2,094,742
1.049,002
1,392,338
I,,
1,0.38,746
720, !)0:
1,113,203
1,232,124
919,560
1.002.425
669.136
Oil,.5:59
9,37.818
"8"7(r,i9
693,426
250,000
875.749
362,005
203.753
1.32,842,540
119,420,293
3,049,270,0.53 2,151,145,538
940,580,02
1905.
$
$
,143,217,747 1,465,599,203
101,018,793
114,858,732
35,206,179
30,978,981
22,872,782
22,499,064
4,746,483
5,132,631
3,102,244
3,565,562
3,017,892
4,272,202
2,500,000
3,273,322
1,983,061
2,395,041
1.131.195
1,413,741
2,969,456
1,700,185
1,007,910
817,515
955,873
835,706
597,645
446,473
325,705
372,800
319,686
277,305
234,121
407.064
262,063
290.000
1,89,689
242.013
186,890
212,289
102,125
204,802
100.000
89,399
073.885 Not included
305.341 Not i ncluded
230.816.859
286,168,248
27.312.643
33,179,107
5.769.513
7,700.000
3,619,425
5. ,809, 268
3,070,208
5,122,254
2,814,567
3,948,529
2,160,103
3,133,539
2,677,2,82
3,500,705
633,717
867,327
500,699
862,355
196,520
271.1,88
48,700,077
64.394,332
10,091,370
21.340.173
15,361,079
18.356.307
7,110.794
8.000.000
5.489.099
6,4.50.001
2115.
30.
1903.
,382,620,079
105,851,142
37,000,201
19, .394, 288
5,156,427
3,555,194
2,339,280,520 1,568,080,748
109,014.053
135,183,490;
5,374,700
7,500,200
3,143,459
2,172,641
2,452,918
1,643,178
1,610.783
1,223,640
1.264.580
1,029,750
1,585,728
1,283,227
512,298
773,675
445,395
355,031
647,211
379,004
384,273
406.195
123.994,323
154,955,712
156,971,481
199,368,972
20,712,050
24,887,950
11,800,559
13,703,641
9,180,886
10,339,270
0,008,954
8,801,428
5,037,117
6,008,130
5,249,300
5,579,100
3,123,378
3,363,243
2,390,511
2,793,629
1.099,560
1,776,476
1,403,669
1,588,375
1,.303, 453
1,479,071
041,516
656,140
080,102
796,286
453,000
425,400
435,292
716,282
431,378
759.083
375,000
351.015
504,531
051.381
382,055
276.918
Washington, D. O
708,522,899
Clearing* by Telegraph and Canadian ClearinKS on pace 33.
591,220
808,000
+ 41 J
+ 22.4
11,004,;J76
6,727,006
4,581,000
3,596,585
4,775,337
4,220,542
2,960,482
2,412,670
1,236,779
1,171,650
1,434,469
1,219,993
901,014
789,531
V2'o".666
391,176
826.000
luded In total
131.127,032
110,357.142
1.940,677,375 2,274,469,619
.803,459,628
,808,270,416
,
THE CHRONICLE.
fc)
[Vol. lxxxii.
subsequent pages of the "Chronicle" we print crops before making the current year's expenditures;
to-day our usual annual review of the events and in- it likewise has the means to carry over large stocks
cidents of the year, and also give elaborate tables of and recoup in higher prices whenever it has any reason
On
prices of stocks
and bonds by months.
to fear a
coming shortage.
On account of the pressure on our columns occasioned
by the
large
amount
of extra matter,
it
Another cause
has been found
for unctertainty of greater
moment re-
the speculative condi-
necessary to contract the space devoted to our various specting the future of affairs is
departments, notwithstanding the addition of a large tion prevailing, which has been most conspicuous in
the security markets but more or less a feature in
number of pages to the usual size of the paper.
We would also direct attention to the tables of stock most of the industrial departments. Unless moder-
cannot but prove a diffusive taint, and at
tion" section, which accompanies to-day's issue of the some day in the future produce a serious disorder.
paper.
These tables show the highest and lowest The abnormally high interest rates, a natural accomprices for December and the calendar year of every paniment of the speculative condition, may act as
stock and bond sold on the New York Stock Exchange, a corrective. These rates have in no measure been
and bond
and
prices contained in our
also the aggregate
amount
"Bank and Quota-
of the dealings for the
ated,
it
produced by a contraction
contrary, the volume of
twelve months in each stock and bond.
in
our currency.
bank notes
On
the
afloat increased
December S7, 585 ,000, in November $8,821,009,
and $86,110,191 in the last twelve months, being
about an average of 7 millions per month. The Direcwhich
tor of the Mint has published his preliminary estimate
30
in
CHRONICLE INDEX.
—
The index to Volume 81 of the "Chronicle"
is
volume ended with the issue of December
he makes the total
of the gold product in 1905;
mailed with this issue. Until six months ago the
$86,337,700, or about 7]4 millions per month. The
index was made a part of the last number of each
increase from these two items in the circulating medium
volume; but with our increasing subscription list
(deducting 2^ millions of gold used monthly in the arts)
and enlarged weekly publication, the work of getting
would be about 12 million dollars in Decemout the index concurrently with the final issue of a
ber, or say 36 million dollars in the last three months.
volume served to materially delay the hour of going
In the same three months there has been a net import
to press and increased the liability to error in its
of gold (estimating December) of about 16 million
The plan now followed has been found
preparation.
Altogether, therefore, since the first day of
dollars.
to w^ork well and will be adhered to hereafter, the
—
index being issued as a separate pamphlet, for convenience in binding.
October the various forms of money put into circulation have grown to the extent of about 52 million
dollars,
and yet,
in the face of this large addition to
our gold and currency afloat, rates for call money
THE FINANCIAL SITUATION.
last week touched 125 per cent, and this week call
Whatever way we look, each of our great industries money rates have averaged about 25 per cent. A
shows that it has experienced in 1905 a highly pros- further feature affecting money the- current week is
Not only have crops been unequaled, the resumption of gold exports. Our banks deposirailroad earnings exceeded any previous achieve- ted last Saturday in the Sub-Treasury $2,000,000
ment, and the iron and steel products in their vari- for transfer to San Francisco, supposed to be en route
ous ramifications surpassed all records, but mining, for Japan. Wednesday there was a withdrawal of
likewise, in its many branches, and general manu- gold for export to South America and Mexico of
factures (except coarse cotton goods in the North)
$2,000,000 more. It will be remembered that a 3^ear
stand conspicuous for their enlarged products and ago a gold outflow began about this time, and later
perous year.
profits.
On subsequent
pages
our detailed annual reached
large
figures.
After
the
month's
that the mer-
current
review bears abundant evidence to this remarkafele^ laovement of merchandise, it is likely
and uniform activity and remunerativeness. It )s chandise exports will begin to be smaller; that is so
also true that, looking forward from the standpoi/it because we will then have marketed the larger part
of January 1 1906, there is good promise for anoi^ier of our crops.
twelve months of large progress.
There is, of course,
one department of wide influence incapable of present
The firm tone for money for short maturities the
We cannot tell what kind of a yield our current week has seemed to indicate expectations by
forecast.
crops will turn out, and they are a factor of no little lending institutions of more than usually tense moneconcern in the make-up of a general aggregate of forces tary conditions, at least for the next sixty days. These
propelling our industrial organism.
The time was expectations appear to be based upon the probability
crops
when we might say that
were the indwelling that within this period there would be large requireprinciple of life for the whole business year.
That ments for exchange for the settlement of maturing
*
from being so absolutely true as it once was. finance bills, which demands, in the absence of a libsuch a copious, general and profitable out- eral supply of commodity drafts, might result in exlast
year's
yields
afforded, a second ports of gold; though such exports of themselves would
turn
as
year of less full products might not be so greatly not necessarily be disturbing, they would afford opmissed.
Moreover, with our large climatic diversified portunity for manipulation of the exchange and the
area, the presumption is that a serious shortage of money markets which would be more or less derangfood products is hardly a possibility. Another differ- ing.
ence worth noting is that our farming population is
The improvement in the Russian political situation
rich now, and does not crop on credit or have to was another factor contributing to the po.'esibilities of
wait to the same extent as formerly to harvest its dearer monev. If Russia should, through the continuis
far
After
Jan.
THE CHRONICLE.
lOOGi
ance of repressive measures, succeed in restoring nor- any railroad company. It furnishes a new and
mal conditions, presumably an effort would be made to graphic illustration of the wonderful activity and the
borrow largely in Europe in the form of external k)ans.
Such borrowing, if successful, would give employment
to accumulations of capital which have been in use
elsewhere abroad and in this country, and the recall
of this capital would naturally tend to derangement or
at least to more active monetary conditions.
Business uses for money have been and still are unusually urgent, especially in the West and South, and
growth and development of industrial interests in
United States, for the Pennsylvania Railroad,
the
by reason
of the great variety of its tonnage,
truthfully be
industries.
may
regarded as typical of the country's
Besides this, the system
so situated
is
as to derive special advantages from the expansion
and steel trades and the concurrent augmentation in the coal tonnage, which on the lines of
most likely these requirements will materially, retard the Pennsylvania Railroad is of enormous extent.
It appears that east of .Pittsburgh and Erie alone,
the customary return flow of currency to this centre
from the interior, which, in former seasons, has been the increase in gross earnings as compared with the
relied upon for relief to our money market. If monetary corresponding month last year has been $2,127,200
To this
equilibrium shall not be speedily restored, it seems to and the increase in net earnings $962,800.
on
follow that money rates must remain firm at this cen- must be added the gains for the same month
ter until more liberal crop distributions shall con- the roads west of Pittsburgh and Erie, amounting in
in the iron
the gross to $891,500, and in the net
tribute to the relief of the situation in the interior.
$436,200,
to
For the entire system, therefore, the augmentation
Our State Legislature has come together the cur- has been over $3,000,000 in gross and $1,400,000 in
all this for only a single month.
Moreover,
rent week and the Mayor of this city has entered the net
upon another term of office this time for four years. the figures cover merely the lines directly operated
Decided satisfaction has been expressed with regard east and west of Pittsburgh. If the roads wliich are
to the present hopeful outlook in both the State and controlled but whose accounts are kept separate from
municipal governments. Mayor McClellan has opened those of the parent system were included the magnihis new term of office in a way to encourage the best tude of the gains would be still further augmented.
Perhaps the most significant fact of all is that the
sentiment of the city. The spirit evinced in his message, in his less formal remarks, and in his appoint- present year's marvelous expansion follows quite
ments have shown excellent judgment and a deter- noteworthy increases, both in gross and net, in the
—
—
.
mination to have a clean and business-like adminis- corresponding month of previous years. It is not,
tration of the city's affairs during the coming four as some might suppose, merely a recovery of what
In fact, in reviewing
In Governor Higgins's message there is much was lost in 1904 or in 1903.
years.
figures
month
in
we pointed out
the
for
that
1904,
His remarks with reference to
to bp commended.
taxation represent,
are eminently wise.
we think, the public view and that the results had been exceptionally favorable,
The mortgage tax and the stock the company then having recorded no less than
and $950,400 gain
stand for the time being as they are; the former did in net Furthermore this increase in 1 904 itself followed
away with a condition which was intolerable; the an improvement of $528,000 in gross and $192,900
law as passed being an escape from that situation in net in November 1903. Altogether, we have here a
and progress towards the equitable no-tax view. We series of successive large increases furnishing a record
In the
should be sorry to see the whole subject thrown open of growth that has never before been equaled.
show
gross
net
earnings
for
following
we
the
and
again to unintelligent discussion, running a risk of a
re-adoption of the old policy, which policy put a November and the eleven months for the last six
premium on lying and only caught the widows and years on the lines east of Pittsburgh and Erie the
orphans. Until there is good certainty of a public only portion of the system for which we have the
transfer tax ought, both of them, to be allowed to
$1,313,200 gain in gross receipts
,
.
—
opinion which
is
ready for a no-tax on mortgages, data for such a comparison.
Precisely the same
recommended by the Governor with regard
It is not a fair tax and
to the stock transfer tax.
Still,
it
should be repealed.
has worked so far more
smoothly than was anticipated, and, perhaps, ought
it is
better
course
to let
the matter rest.
is
As to the tax on the surplus
of savings banks, the well-known opinion of the Governor is that it should be repealed. Other than that
change, he says no tax legislation is called for. With
to be given further trial.
proper economy the revenues of the year
will,
he
Lines East o]
PiUsburgh.
1905.
1904.
1902.
1900.
1901.
I
November.
Gross earnings. 12.580,725 10,453,525
Oper. expenses 8,206,873 7,102,473
Net earnings
1903.
4,313, 8.W
3,351,052
9,405,825
0,719,773
8.774,325
7, 788, .524
(),770,473
5.3,56,673
4,558,566
3,023,4.52
2.746,052
3.417,652
3.229.95.S
9,799,925
JanA ioNov.m
Gross earninss- 122713 519 108047 419 I13.''982I9 103133919 93,023,720 77,759,00,«
Oper. expenses 84,991,804 74,295.204 77,751,404 67.820.104 59,734,205 51.378,143
Net earnings 37,721,715 33,752, 215{35,C46,815!35,313.815 33.289.515 26,380,865,
—
Note.
These figures include the Buffalo & Allegheny Valley Division for 1901..
In November 1901 the earniiit's of this (livlj'ioii were
1902, 1903, 1904 and 1905.
to November 30
approximately, gross, .$700, 801, net, $204,494. From .lanunry
the earnings of this division in 1901 were, approximately, S/", 530, 712 groB* and
32,544.850 net.
1
be sufficient to meet the requirements.
With the exception of the Imperial Bank of Russia
But as the barge-canal debt and the highway-improvement debt will speedily present new calls for revenue, at St. Petersburg there was no change in official rates
the Governor expresses the opinion that the time is of discount by any of the European banks this week;
ripe for a commission in this State to prepare a com- this institution advanced its rate from 7%, at whidi
prehensive plan to rationalize the present tax system. it had stood since December 13 1905, to 7^%. Open
market or unofficial rates at the principal European
In its November return of earnings the Pennsyl- centres were, compared with last week, 3^s ^f 1%
vania Railroad has surpassed its own best records. lower at London,
of 1% easier at Paris and steady
In the magnitude of the increase disclosed the state- at Berlin and at Frankfort.
The improvement in
ment is one of the most remarkable ever issued bv the Ru.ssian political situation, as indicated by the
believes,
%
.
THE
suppression of the revolutionary
movement
[Vol. lxxxii.
CPIRONICLE.
at Mos-
is 2J^% and at Berlin and Frank4^@4i/^%. According to our special cable
market rate at Paris
cow and at St. Petersburg, was reflected early in the fort it is
week by a sharp rise in Russian securities at the from London the Bank of England gained £218,342
at the
continental centres and at London and by an advance bullion during the week and held £28,748,593
advises
further
close
of
the week. Our correspondent
in the rate for exchange at Paris on the British capital,
us
that
the gain was due to exports of £485,000 (of
presumedly on account of French investments in the
which
£425,000
to South America and £60.000 to the
of a penny
London market; one feature was a fall of
Continent),
and
to receipts of £703,000 net from the
per ounce in the price of gold bars at London Though
^
.
some
Paris on Thursday because
there was
nervousness manifested at Berlin
of the attitude of
and
interior of
Germany
Great Britain.
was only moderately
The
week and the tone was generally easy
speculative
demand for remittance and for covering
The market for money was active and strong until sales, which w^as the feature last week, seemed to have
Thursday, when there was an easier tone. The high been satisfied though there was some inquiry for short
overdraw^n credits.
rates ruling earlj^ in the week were due to the above- sterling for the reimbursement of
noted withdrawals for transfer and shipment and also Settlements for maturing finance bills were effected
w'as some evidence
to the fact that the disbursements of January interest tlirough sight exchange and there
that
considerable
amounts
of such bills had been exand dividends which began on Tuesday had not been
through
distributed in sufficient volume to make much of an tended for another period of three months,
also new bordrawings
long
sterling.
were
of
There
impression upon the mone}^ market. On Thursday
and thereafter there were more liberal offerings, which rowings of foreign capital effected with finance bills
caused a decline in the rate on call, and it was reported and with sterling and franc loans, encouraged by the
there w'as
that some of the Western banks had placed consider- firm rates for time money. The fact that
mail
until Thursday contributed to make
no
European
able sums of money on time, thus causing a slight
recession in rates for short maturities.
Though the the market dull early in the week and in the absence
Secretary of the Treasury ordered the payment of of active demand bankers employing their balances
February interest on the public debt, the amount was in the loan market rates fell off. There was a reonly $1,700,807 that it was not expected covery on Friday due to easier money and also to a
so small
demand for Saturday's mail. There appeared to be
to have any influence on the market.
a very light inquiry for the remittance of January
Money on call, representing bankers' balances, dividends and interest on securities held abroad; this
loaned on the Stock Exchange during the week at may indicate that such holdings have been materially
60% and at 4%, averaging about 25%; banks and reduced. The above-noted shipments of gold to
trust companies loaned at 6% as the minimum, Argentina and Mexico, the latter on London account,
though the majority placed their funds at the market made very little impression upon exchange. The
rate. On Tuesday loans were at 60% and at 25% with transfer of $2,000,000 to San Francisco, however,
the bulk of the business at 35%.
On Wednesday caused some speculation as to its ultimate destination,
transactions were at 50% and at 8% with the ma- and it was thought probable that the transfer mi ght be
jority at 25%. On Thursday loans were at 22% and at on Japanese account, for it has been reported that
6%, with the bulk of the business at 15%. On Friday Japan is withdrawing its balances resulting from the
transactions were at 10% and at 4%, with the ma- last bond negotiation from European centers.
jority at 6%.
Time contracts on good mixed Stock
Nominal rates for sterling exchange are 4 83 @4 833^
Exchange collateral were firmly held at the beginning for sixty-day and 4 86)^ @4 87 for sight. Rates for
of the week, especially for: short dates, at 8(a),83^%, actual business on Saturday of last week were, comrepresenting the legal rate of interest plus a commis- pared with those on the previous day, 35 points
sion, for thirty days; 7@7>^%, also including a com- higher for long at 4 8225 @4 8250, 40 points for short
mission, for sixty days; 6% for ninety days to four at 4 8550 @4 8560 and 10 points lower for cables at
month's, 5}4@5H% for five to seven and 53^% for nine 4 8640 @4 8650.
On Tuesday long w'as unchanged
months. After the middle of the week liberal offerings, while short was 5 points higher at 4 8555 @4 8565 and
as above noted, from Western banks and from foreign cables were off 10 points to 4 8630 @4 8640. On Wednesbankers, the latter of whom had been drawing finance day long fell 10 points to 4 8225@4 8240, short 15 points
bills, resulted in a decline in sixty and ninety-day to 4 8540 @4 8550 and cables 30 points to 486 @4 8610.
money, the former to 6 and the latter to 5^@6%; at Thursday long declined 5 points to 4 8220 @4 8230,
the same time large sums were loaned for six and seven while cables fell 5 points to 4 8595 @4 8605; short
The market was strong on Friday at
months. There was a good demand by interior banks was unchanged
for commercial paper, though the local inquiry was an advance of 30 points for long, short and cables.
The following shows daily posted rates for sterling
small.
Offerings were not abundant, merchants not
exchange by some of the leading drawers.
being
The
impending Morocco conference,
active
there was no derangement of the discount markets.
in the matter of the
foreign exchange market
this
.
,
,
,
—
—
—
—
,
,
.
large borrowers, and, moreover, the majority
seem inclined
stead
of
banks for discounts inpaper they made with
Fri.,
to resort to their
placing
the
little
Brown
& Co.
Magoun & Co-..
}?rothers
Rates are 5@,53/2% for sixty to ninety
day endorsed bills receivable, 514% for prime and
53^@6% for good four to six months single names.
brokers for
sale.
Baring,
Bank
changed at
of
4%
England rate
.
ninety-day bank
The cable
bills
in
British
North America
Bank
of
Montreal
Canadian Bank
of
The Bank
Commerce
. -
Hcidelbach, Ickel-
of discount
remains un-
reports discounts of sixty to
London
3^%.
The open
Mon.,
Dec. 29. Jan.
heimer
Lazard
&
Co
Freres
Merchants'
of
Bank
Canada
.
J
60 days 4 83
Sight.. 4 86H
00 days 4 83
Sight.. 4 86H
00 days 4 83
Sight.. 4 86M
60 days 4 s:m
Sight.. 4 87
60 days 4 S3M
Sight.. 4 87
60 days 4 83
t Sight.. 4 86H
160 days 4 83
1 Sight.. 4
86J^
(60 days 4 83}^
87
I Sight.. 4
1.
Tues.,
Jan.
2.
83
86K
H
O
L
I
D
A
Y
83
86 }4
83
S6H
83 H
87
83 J^
87
83
86H
83
8614
83H
87
Wed..
Thurs., Fri.,
Jan. 3. Jan. 4. Jan. 5.
83
86!^
83
83
86^
83
S6H
86H
83
86H
83H
87
8ZH
83 >|
87
83H
87
83
86
83
H
86H
83H
87
83
S6H
SdH
83
83
86ii
83
86 Ji
87
83
86H
§2^
87
83>i
87
83
83H
86H
86H
83H
87
87
83
86J^
83
imX).
Jan.
THE CHRONICLE.
i
5
@4
8260
With the situation of the European banks to the
present
date observant readers of the daily financial
for long, 4 8570'(g)4 8580 for short and 4 8625@4 8635
Commercial on banks 4 8190@4 82. news are already familiar. That the Bank of England
for cables.
Documents for payment 4 H\^@A 82)^, cotton for in November saw its ratio of reserve to liabilities go to
acceptance the lowest percentage reached at that time of year since
payment 4 S13/2@4 81^s, cotton for
closed on Friday at 4 8250
The market
4 8190@4S2
4 821^.
and
grain
payment
for
4
823^@
the strain of 1890; that the Imperial
made
Bank
of
Germany
the weakest showing of cash and the largest ex-
The following gives the week's movement of money hibit of liabilities since the culmination of the industrial
and from the interior by the New York boom of eight or nine years ago; that all the great
to
European banks, except the Bank of France, advanced
banks.
Berlin's going to a figure not
their discount rates,
Week
endi?tg
Currency
Gold
January 5 1906.
.
Total gold and legal tenders.
Received by
Shipped by
N. Y.Banks.
N. Y.Banks.
Net Interior
Movement.
$10,907,000
1,102.000
$5,975,000
683,000
Gain 54,932,000
Gain
419,000
$12,009,000
$6,658,000
Gain $5,351,000
War panic, and that the Bank
though showing a gold reserve $60,000,000
larger than the year before, nevertheless held tenareached since the Boer
of France,
ciously to
With the Sub-Treasury operations the
result
is
as
follows:
existing resources, refusing to help out
its
other markets
— these were the elements
tion.
They were modified
Bank
Bank
of
as the season
in the situa-
drew on. The
France lost gold in moderate quantities; the
Banks.
Bank Holdings.
of England gained, and strengthened its ratio of
Gain $5,351,000 reserve. The Bank of Germany, after the rate had gone
$6,658,000
Banks interior movement as above $12,009,000
Loss 4,200,000
27,600.000
23,400,000
Sub-Treas. oper. and gold exp'ts.
Gain $1,151,000 to 6% and a money strain of serious nature at the end
$34,258,000
$35,409,000
Total gold and legal tenders
of December threatened, was unexpectedly helped out
The following table indicates the amount of bullion by release of gold from the Russian Bank, where, up
in the principal European banks:
to that time, the precious metal had been most jealoasly guarded. This gold, whether given up volunJanuary 5 1905.
January 4 1906.
Bank 0}
tarily to strengthen outside balance, or whether forced
Total.
Gold.
Silver.
Total.
Gold.
Silver.
£
£
£
out of Russia through the drafts from abroad, made
Week ending January
Out of
Banks.
Into
5 1906.
Net Change in
I
31 ,089,532
28,748, 593 31 089,532
28.748,593
114.052,302 42,618,964 156,671, 266 106 116,237 43,888 ,831150 ,005.008
Germany a; 30,132,000 10,044.000 40,176, 000 34 ,765,000 11,588 ,000 4( .i.W.OOO
Russia
3,629,000 107,239, 000 102 219,000
6,583 ,000 lOS .,s(t.',nno
103,610,000
Aus.-Hunb 44,755,000 12,123,000 56,878, 000 48 042,000 12,273 ,000 (iO ,:;i."),oi)()
Spain
15,027,000 22,837,000 37,864, 000 14 903,000 19.900 ,000 34 SDii.OOO
Italy
27,404,000
3,402.700 30,800, 700 22 255,000
3.183, ,700 25 438,700
Neth'l'ds.i 6,604,900
5 630.700
6,370 400 12 001,100
6,151,700 12,756, 600
Nat.Belg.a.
3 201,333
1,600 ,667' 4 802.000
3.178,667
1,589,333
4,708, 000
England.
France
,
Tot. week 373,512,462 102,.395,097 475,908,159 368,221.802 105,393.598 473,615,400
Tot. prev. 388,774,120 103,590,797 492,364,917 3jB7,735, 165 105,047,390 473,382.555
a The division (between gold and silver) given in our table o£ coin and bullion
in the Bank of Germany and the Bank of Belgium is made from the best estimate
we are able to obtain; in noitlicr case is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reporting the total gold and
silver: but we believe the division v.-e make is a close approximation.
b The Austro-IIungarian Bank statement is now issued in Kronen and Heller
The reduction of the former currency to sterling
instead of in Gulden and Kreiitzcr.
Pounds was by considering the Gulden to have the value of 50 cents. As the Kronen
by the outflow^ of
possible
capital during the revolution-
ary outbreak, reached Berlin at precisely the time
when
was most sorely needed, and something like
$20,000,000 was accordingly added at the very end of
the year to the German Bank's reserve.
As the new year opens there are three facts to observe one, that the Bank of England finds it difficult
to hold rates firm on the London monej^ market; anit
—
other,
that the
German money
situation obviously
has really no greater value than 20 cents, our cable correspondent in London, in
order to reduce Kronen to Pounds, has altered the basis of conversion by dividing
the amount of Kronen by 24 instead of 20.
can be relieved if Russia gives up gold; a third, that the
Bank of France very clearly has less motive to keep an
exceptionally large reserve of the precious metal now
EUROPE
THE
MARKET.
that the outbreak of anarchy in Russia has been defiThe very remarkable money situation with which nitely checked. It may be in response to such a feelthe new year has opened in this country is bound to ing that the French Bank, during the two or three
be influenced to a considerable extent by the course of past weeks, has enlarged so extensively its outstand-
AND
MONEY
events on Europe's markets.
It
is
frequently over-
looked, in discussions of current finance,
the unexpected severity of the
York
at the
end
of
money
how
closely
strain in
New
the year was connected with the
By
we do not
that the high rates in Europe came without
warning; on the contrary, it was the Bank of England
and the Bank of Germany which really gave the signal
for the general tightening in the, world's money marunexpected stringency abroad.
this
mean
any actual stringency was discernible at
At the same time it must be remembered
that in midsummer there was a general impression in
financial circles that the conclusion of the Eastern war
would lead to comfortable money markets and an easy
bank situation. Here at New York, in the mean time,
it was argued that our enormous crops would render
this market master of the foreign exchanges, and
would thus enable our banks with ease to make good
kets, before
New
York.
their depleted reserves
gold.
It
is
through import of P^uropean
quite possible that these views, which
turned out to be fallacious, both abroad and at home,
had much
to
ing loans
if
the European situation can be sufficiently
reassured to
make possible return of the money rates
own market would derive immediate
Clearly,
to normal, our
benefit.
As matters stand to-day,
pect that our merchandise exports will
month
reasonable to exfall off
after the
There appears also to be little
doubt that this market's debt on finance bills and currency account with Europe has again reached a very
substantial figure. But, on the other hand, if money
rates were to grow actually easier abroad, it would be
reasonable to expect that foreign money would flow
more freely into our own loan market.
As to the actual probability of such easier rates
abroad at an early date it would be premature to speak
as yet. It is a fact not to be ignored that the export of
gold from St. Petersburg to Germany, as a result of
which the German Bank's position strengthened, had
its immediate result at home and advanced the Bank
current
closes.
,
of Russia's official discount rate this
week
highest figure touched in a dozen years.
to
7}4%, the
But the im-
do with inciting stock speculation on so portant fact is that the danger of a complete political,
money markets were bound financial, industrial and social collapse of Russia ap-
extensive a scale that the
to be affected.
it is
pears to have been averted
—
.
THE CHRONICLE.
6
railroads
RETROSPECT OF
The year 1905
[Vol. Lxxxii.
was reported.
In short the railroads
,
in their
orders had to provide not only for what would l:ave
1905.
be remembered as one of sus- been their ordinary wants in a year of trade activity,
Activity was the dominant feature but they also had to make up for the deficiencies
will
tained prosperity.
throughout. The volume of trade and business was larger in that regard of 1904 and 1903.
The iron and steel industry not only mianiiined
than ever before in the hi.story of tiie country.
From beginning to end the story was the same, namely the revival which developed towards the clo.se of 1904,
continued progress and expansion. Occasionally the but it passed into a state of buoyancy such as has
pace would slacken, giving rise to suggestions of a
possible check in the forward movement, but there was
never any real setback. After each pause or halt the
onward march was resumed with increased vigor. In
a word, there was never 2a\y cause for genuine apprehension as to the course of business
The
affairs.
never before been witnessed, numerous and nuirvelous
as have been the periods of buoyancy in that trade
in the past.
Needless to say, the enormous purchases
of the railroads furnish full explanation of the activity.
As early as March, consumption of iron was at the
The actual output
rate of two million tons a month.
for the twelve months is likely to be 23,00(),()()0 tons.
extremely satisfactory results
reached in 1905 was laid in 1904. In that year confi- This compares with only 16,497,033 tons in 1904
dence in the situation, so seriously disturbed in 1903, and with 18,009,252 tons for 1903, the latter the preThe recovery then begun continued vious maximum for any calendar year. One encourwas restored.
throughout 1905, gaining headway as the year pro- aging feature was that all the large interests did
gressed, particularly when it became apparent that the everything in their power to prevent an undue rise
kept on a moderately
season's harvests were to be bounteous. In both years in prices, values being
basis
for
the
In 1903, high level and not allowed
be recalled, values of railroad securities com- near the figures attained
the incentive came from the railroad world.
it
will
up
to
run
in
previous
anywhere
"
boom"
periods.
Investors and speculators alike
It will hence be seen that all the leading influences
shun railroad securities, and for a time it was
contributed
to make the year one of unexampled
highpractically impossible, even for companies of the
The
carrying industry, the iron and steel
activity.
est credit and unexcelled standing, to obtain new
supplies of capital. This situation forced the abandon- industry, the agricultural classes those three great
ment of all new work, and also forced the practice of planes of human activity were all favored to an
extreme economy in the expense accounts. Retrench- exceptional degree, insuring prosperity throughout
pletely
seemed
collapsed.
to
—
—
whole mercantile world. The cotton crop, in
result followed. The railroads are the largest consum- part as the result of reduced acreage, will fall much
ers of the products of many lines of industry, and with below the unprecedented total of the previous season,
their demands cut off, the industries themselves were but the aggregate of the grain harvests has never
been surpassed.
plunged into a state of depression.
As would be expected from the state of the domestic
the
With the restoration of confidence in 1904 and
ment became
the order of the day.
The
inevitable
the
recovery in values, the railroads again found it possible trade, the country's foreign trade was also of excepto provide capital for needed requirements. Hence, tional dimensions. On account of the previous season's
work previously abandoned was resumed. At the short yield of wheat and the high prices prevailing for
economy and retrenchment grain generally our agricultural exports in those items
in the expense accounts disappeared. Orders for were reduced. The latter part of the year, owing to the
equipment, for rails and for supplies of every kind high price of cotton and the action of planters in with-
same
time, the need for
,
were once more
given with great freedom. The quickening impulse
was immediately felt through every line of industry
and trade. Numerous orders were placed in 1904.
Their execution and fulfilment in most cases did not
needed
in the business of railroading
holding supplies from market, the exports of that staple
were also diminished. Nevertheless, the merchandise
exports as a whole advanced to new high totals, while
at the same time our merchandise imports also attained
new high
records.
affairs were unusuthe
year,
but
at no time served
during
important
there.
in the United
course
of
trade
onward
the
interrupt
the managers of the roads discovered that, owing to to
the enforced privations of the previous eighteen States, though abroad their influence was very promonths, they were now unable to cope with the enor- nounced at times. The year opened with the announce-
But the transformation did not stop
With trade once more active and prosperous,
occur until 1905.
Developments regarding foreign
ally
which they were called ment that Japan had been successful in her prolonged
In every direction they found them- assault upon Port Arthur. Then came the successive
track facilities insufficient, reverses of the Russians on land and sea, with the
selves seriously cramped
inadequate
and the car supply woe- frightful slaughter of lives on both sides. With the conmotive power
Had things followed a normal course clusion of peace it was hoped that a great improvement
fully short.
during the preceding two years that is, had rolling in financial affairs abroad would take place. But the unfortunate domestic condition of Russia prevented such
stock and track been enlarged in the ordinary way
the situation would not of course have been so bad. an outcome. All through the year internal affairs in
As it was, the railroads overwhelmed manufacturers Russia were in a state of turmoil. With revolutionand supply houses with their orders. And the situ- ary uprisings everywhere, it looked at times as if
ation in that regard became intensified rather than the country \\ould drift into an actual state of
mous volume
upon to move.
of
business
—
—
No sooner was one anarchy
One of the striking incidents of the year was the
equipment received than it was necessary to
and rise in the price of cotton. The movespeculation
the
close
lot.
Towards
of
1905
new
for
a
orders
give
some decidedlv novel and sensational
embraced
freight congestion on nearly all the leading lines of ment
relieved as the year progressed.
lot of
Jan.
(')
THE CHRONICLE.
100()
A
it was the action of the a complete change in the executive heads of the three
and withholding sup- large companies, the Equitable, the Mutual Life
production
I)lanters in restricting
In the political world also
plies of the staple from market. At the beginning of the and the New York Life.
year the price of middling uplands in this market was there were some important upheavals. In Chicago
features.
chief factor in
only about 7 cents a pound the result of the large yield a Mayor was elected on a municipal ownership platof 1904. As early as January a convention of cotton form in April, and in New York City William R.
,
growers was held at New Orleans, at which it was re- Hearst in November polled a surprisingly large vote.
solved to reduce the acreage of the next crop 25% and Coincidently, reform movements in politics were atto hold off the market a considerable portion of the tended with a large measure of success, even the
old crop with the purpose of forcing prices to a higher Republican machine in Philadelphia being dethroned
,
In June and July there came a violent speculation, based on the decrease in acreage and the low
condition figures reported by the Agricultural Departbasis.
ment
Washington.
at
closures witli reference
officials of
at the
hands
rate.
The
Mayor Weaver and an aroused electoof these reform movements, as
vote polled by Mr. Hearst, were accep-
of
success
also the large
Then there occurred the dis- ted as reflecting public indignation with
to the connection of some of the ical bosses and also as a popular protest
the Agricultural Bureau with speculators on
Exchange, followed by the dismissal of the
and the resignation of the Chief
Statistician
Assistant
Later the Department issued a revised
Statistician.
report on the acreage planted to cotton, making the
decrease in the area planted 14.9%, as against the
11.4%, decrease reported in June. August found the
price up to 11.35 cents, and September saw the adopthe Cotton
the
disclosures
in
the
and
financial
polit-
against
insurance
world.
The
the price of copper and the large demand
same were not the least striking feature of
Lake copper at the close was quoted at
the year.
19@19)^ cents a pound against barely 15 cents
rise in
for the
the
Metal
1904.
were
touched
Petroleum shared
tion of a resolution at a convention of cotton growers the best price reached in years.
in
the
upward
movement
and
the
destruction
wrought
urging planters not to sell their cotton for less than 1
cents a pound The excitement was kept up the rest of in the Russian oil fields through the social and political
the year by the appearance of frequent reports by the upheaval in that unfortunate country helped the
at
close
of
very
generally
much
prices,
Even
higher.
indeed,
silver
.
issue of the regular
movement along.
In the money market extreme
tural
latter part of the year.
U. S. Census of the amount of cotton ginned, and the
monthly reports of the AgriculDepartment, the two sets of returns often being
conflicting. Cotton growers grew bolder and bolder in
their demands, until finally, in December, 15 cents was
suggested as the proper price at which the staple should
be sold. Middling uplands in this market Dec. 30 1905
were quoted at 11.90 cents, against only 6.95 cents
tension developed the
This followed of course as a
result of the great activity of trade and the large grain
,
together with the wild speculative
which such favoring conditions engendered. It
harvests,
true that the operations of the
reduce the
money
spirit
is
also
Government served
to
holdings of the banks, though as
Dec. 31 1904.
against this there was a further increase in national
The year was free from labor disturbances of large
importance. The most prominent labor trouble undoubtedly was the teamsters' strike at Chicago (a
purely "sympathetic" strike), which began April 7 and
lasted until July, and which for many weeks was attended by scenes of great disorder and rioting, and
which the men were finally obliged to abandon without
bank circulation, to the highest figures ever reached.
The Treasury heavily reduced its deposits in the banks
being impelled to this course by the fact that Government expenditures were in excess of Government revenues, and the total of these deposits Dec. 31 1905 was
having gained anything.
tion of deposits served further to stinmlate the in-
only $64,764,367, against $111,550,855 Jan.
The Government bonds
1
1905.
released through this reduc-
remain memorable for some crease in bank note currency, and the amount of such
noteworthy defalcations and for revelations affecting notes secured by bonds was $504,842,313 Dec. 31.
Cash in Subthe reputation of men who had previously held a against $431,841,785 Dec. 31 1904.
place of high esteem in the community.
In April Treasuries increased from $273,067,945 Jan. 1 1905 to
Frank G Bigelow the President of the First National $323,086,024 Dec. 31 1905. Money rates may be said
Bank of Milwaukee, was proven a defaulter in amount to have ruled low until the latter part of Septemlier,
of over 11/^ million dollars; fortunately the directors when our New York City institutions Avere obliged to
The twelve months
.
will
,
that no outsider meet the demand to move the crops. A spurt in the
suffered pecuniarily through this act of wrong-doing. call loan branch of the market occurred in April, durIn October, came the failure of the Enterprise Bank ing which call money touched 7% but that was a mere
of the
bank made good the
loss, so
,
temporary affair. During the last three months, while
scandals.
Then there was the failure in July of the there were occasional periods of relief from high rates,
First National Bank of Topeka, owing to the involve- the tension became steadily more pronounced, until
ment of C. J. Devlin, and in August the suspension in December the call-loan rate got as high as 125*^
of two banks in Denver through the connection of On Nov. 11 the Clearing House banks for the first time
Leonard A. Imboden with the same. The forced liqui- since Sept. 30 1902 showed reserves below the 259(' radation in December of three Chicago institutions was tio to deiiosits. The reserve was restored the next wvck
of a different character, nothing discreditable being but another deficit occurred Dec. 9.
In the stock market, the activity and tremendous
developed. During the year two United States Senators were convicted of the illegal use of their influence rise in prices which had marked the year 1904 were
and sentenced to prison. The unpleasant features hardly a circumstance to the extraordinary buoyancy
developed concerning the large life insurance com- and unrestrained optimism that developed in 1905.
panies are familiar to everybody.
The outcome was The volume of business was on an enormous scale,
of
Allegheny,
Pa.,
unveiling
some
ugly
political
.
—
THE CHRONICLE.
and the udvauces
some instances of almost
was a year when unfavora-
in prices in
unparalleled magnitude. It
ble developments were almost completely ignored. Fa-
vorable features alone seemed to count, and, indeed,
the twelve months were made up very largely of devel-
opments
of that nature.
We
do not mean to say that
It was
the course of prices was continuously upward.
not. There were times of severe breaks in prices.
Some
were of such proportions that
it almost seemed as if the market would completely
collapse. The striking fact, however, was that recovery followed almost immediately and that apparently
of these breaks, indeed,
not a trace of
of the year
ill
effects
some
was
left
behind. The latter part
of the early favorites
were neglected,
but other stocks were taken in hand and speculative
enthusiasm appeared to know no bounds, and prices
kept soaring upward even in the face of money rates
ranging from 15 to 125%. In the early months of the
year stocks were sent upward on rumors of a gigantic
combination among the railroads, to include the Vanderbilt properties the Standard Oil interests and Union
Pacific; it was also believed at that time that there
was to be a merger of the Southern iron and steel
These expectations were disappointed,
properties.
and this, together with the collapse in the wheat speculation, the Bigelow defalcation and the insurance
disclosures, caused a severe break in values in April and
May, during which conditions at times were almost
panicky. But within a short time afterward the mar-,
ket was again soaring upward as if nothing had hap,
pened, and as
the expectations upon which the pre-
if
JANUARY.
[Vol, lxxxii.
Current Eventn.
—A
highly important event
at the very Vjcginning of the year was the new.s that the proItHiged assault upon Port Arthur by the Japanese had at
been crowned with success, the Russian garrison having capitulated.
The surrender was carried out the next few
days.
On Jan. .3 also the U. S. Circuit Court of Appeals in
Philadelphia rendered its decision in the suit of the HarrimanUn.Pac. interests enjoining the Nor. Securities Co. from making the pro rata distribution of its assets determined upon by
the directors the previous March after the judgment of the
U. S. Supreme Court adverse to the legality of the combination.
The decision was a victory for Mr. James J. Hill, as it
reversed the action of Judge Bradford, who had granted a
preliminary injunction the previous July restraining the
carrying out of the plan.
The Harriman interests at once
gave notice of appeal to the U. S. Supreme Court, but the
belief prevailed that a settlement between the opposing partics was in prospect and that the Supreme Court would deny
the application for a writ of certiorari.
Accepting this theory, great strength in the properties concerned developed on
the Stock Exchange.
On Jan. 30, however, the Supreme
Court granted the application for a writ, thus bringing the
case up before that tribunal for review upon its merits.
Through the efforts of Governor Douglas of Massachusetts a
settlement of the strike of the cotton operatives at Fall River,
which had been in progress for six months, was brought about
on the 18th. The hands agreed to return to work at the
1-/^% reduction in wages against which they had struck. It
was part of the agreement that Governor Douglas should
make an investigation as to the margin of profit to manufacturers. His report the following Maj' showed that the millowners were in no position to pay more. Print cloths at Fall
River declined from 2%c. to 2^c. Cotton continued to rule
low% though the close Jan. 31 was 7.25c. against 6.95c.
Dec. 30 1904. At a convention of cotton growers at New
Orleans it was resolved to reduce the acreage for the next
crop 25%, and also to withhold a large portion of the old crop
from market with a view to establishing higher prices. Great
activity continued in the iron and steel industry and in general trade.
The U.S. Steel Corporation issued its quarterly
statement after the close of business Jan. 31 showing profits
for the December quarter of $21,458,734, the largest since the
September quarter of 1903, and comparing with only $15,037,182 in the December quarter of 1903. Early in the
month the Corporation repeated its yearly offer of pref stock
to employees, the price being fixed at $87 50, against 55 the
previous year and 823/^ two years before. As compared with
the severe weather experienced in January 1904, weather conditions were decidedly more favorable, but on the 25th a
blizzard enveloped the Eastern part of the country and seriously impeded railroad operations, the storm being particuThe fall of snow* howlarly severe along the Atlantic Coast
ever, was not as heavy as in the memorable blizzards of February 1899 and March 1888. According to the local Weather
Bureau, the fall at this point was 9.5 inches, against 15J^
inches in the storm of 1899 and 20.9 inches in the blizzard of
Grain prices continued to rule high, the range for
1888.
1 18, with the
May wiieat at New York being at $1 13^^
Prices at Chicago were as high as here,
close Jan. 31 $1 16^^.
the range for the May option having been $1 133^ @,1 181^,
with the close Jan. 31 at $1 16J^. Bank circulation further
increased, the amount afloat on bonds Jan. 31 being $435,Government deposits
807 ,901 against $431 ,841 ,785 Jan. 1
in the banks were reduced from $111,550,855 to $102,407,259
(mainly on account of the payment made by the depositoiy
laanks on account of the call of the previous November) and
the money holdings in the Sub-Treasuries chminished from
$273,067,945 to $272,088,409. There was pronounced agitation of the question of Government supervision of railroad
Numerous bills were introduced in Congress for giving
rates.
the Inter-State Commerce Commission increased powers for
The movement was spurred on by
dealing with the matter.
President Roosevelt, who continued to display great interest
in the subject, and in a speech Jan. 30 at the banquet of the
Union League Club at Philadelphia he strongly urged increased supervision by the Government over business enterIt was felt, however,
prises and over inter-State commerce.
that there was little likelihood of legislation during the short
time left before the expiration of the term of Congress on
March 4. The U.S. Supreme Court Jan. 30 delivered its decision continuing the injunction granted in the suit of the
United States against the beef packers under the Sherman
Anti-Trust Law. An uprising in Russia which seemed to
threaten a revolution in that country was a disturbing inThe outbreak had
fluence in international affairs for a time.
its origin in the strike of the men at the Putiloff Iron Works
at St. Petersburg on the 16th, but rapidly spread to other
The stoppage
trades, and finally assumed a political aspect.
of work was so complete that even the newspapers in St.
Petersburg were forced to suspend publication for some days.
The strikers announced their purpose to march in a body to
the Czar's palace at St. Petersburg on Sunday, the 22nd, and
present a petition. This the Governmeiit by pubUc notice
forbade, and when the strikers nevertheless undertook to
carry out their plan they were fired upon by the mihtary
(which had been collected in great force) and large numbers
of unarmed men, women and children killed or injured.
Disorder subsequently occurred at Moscow, Warsaw and
Icngtli
.
vious rise had been based were actually going to be
The stock sales on the JMew York Stock Exchange for the twelve months reached 263,081,156
shares, which compares with 187,312,065 shares in
1904 and with 265,944,659 shares in 1901, the latter
the record year for activity. The classes of properties
most distinguished for sensational advances in prices
realized.
were the anthracite coal securities, the iron and steel
shares and the copper mining and smelting stocks.
The advances in these instances run from 25 to 195
points.
Below we bring together some general
statistics for
@
,
1905 and 1904, affording an interesting contrast between the two years. The data for 1905 are necessarily
,
.
.
,
largely estimates, as the year has only just closed.
The same
cial
table
is
incorporated in our annual "Finan-
Pteview" and there the 1905 figures will appear in
their final corrected form,
GENERAL SUMMARY FOR TWO YEARS.
1905.
Coin and currency in U. S. Dec. 31 . _$
Bank clearings in United States
$
Business failures
$
Sales at N.Y. Stock Exchange, shares
Grain and flour at Prod. Exch., bush.
Imports of merchandise (11 mos.)--8
Exports of merchandise (11 mos.)--8
S
Net imports of gold (11 mos.)
Gross earnings 91 roads (10mos.).--$
Railroad
Wheat
constructed
raised
miles
bushels
bushels
Corn raised
bushels
Oats raised
bales
Cotton raised
Pig iron produced (tons of 2,240 lbs.)
L. Superior ore shipm'ts (gross tons).
Copper production
in
U. S
lbs.
Anthracite coal-_.(tons of 2,240 lbs.)
Petroleum (runs) production... bbls.
Immigration into U. S. (9 mos.). No..
Pub.landsales(yr.end'gJune30) acres
1904.
2,992,758,207
2,839 ,103,169
143,872,974,359 112,621 ,012,711
144 ,202,311
102,676,172
187 ,312,065
263,081,156
627 ,379,500
478,432,825
1,078,209,845
939 ,342,431
1,306 ,065,481
1,427,253,187
/l26 ,241 ,950
2,106,940
1,132,653,919
1,048 ,815,317
5,003
(est.)
5,200
552 ,399,517
692,979,489
2,467 ,480,933
2,707,993,540
894 ,595,552
953,216,197
(?)
23,000,000
34,000,000
d943 ,000,000
(est.)
61,250,000
627,800,000
845,586
14,542,223
(est.)
13 ,556,841
16 ,497,033
21 ,822,839
d812 ,537,267
57 ,492,522
630 ,310,327
599,238
12 ,476,840
a Estimated.
6 These are the old Pipe Line runs; the Buckeye runs were 18,900,000
bbls. in 1905 and>21,341,058 bbls. in 1904.
d These are the figures prepared by Horace J, Stevens of Houghton,
Mich.
h Net exports.
..,
,
J IN.
THE CHRONICLE.
6 1900
other industrial centres, all of which were dealt with in the
At the scene of the Japanese-Russian war a
fashion.
series of engagements occurred south of Mukden lasting from
Jan. 25 to Jan. 29, the Russians being generally repulsed.
same
,
Japanese Government
losses on both sides were heavy.
6s on the New York Stock Exchange advanced from 943^
The long-talkcd-about new Russian
Jan. 3 to 99 J^ Jan. 31.
loan became in part a reality, the portion assigned to Germany being brought out. The syndicate took £16,000,000
The apfirm with an option for the remaining £9,000,000.
plications were so large that the syndicate was able to place
the whole £25,000,000. This was before Russia's internal
The attempt, however, to place the
troubles had developed.
French portion of the loan had to be given up. The Combes
The
Ministry in France resigned and was succeeded by a new MinA. G. Loomis resigned as
istry with M. Rouvier as Premier.
Vice-President and director of the National City Bank of this
city, owing to public criticism of his acts in having made loans
9
money
holdings Jan. 28 being $324,436,700, against $2
900,400 Jan. 7 and $289,695,700 Dec. 31 1904, and surplus reserves $26,979,550 Jan. 28, against $11,608,250 Jan. 7 and
$13,683,425 Dec. 31.
Deposits increased from $1,104,049,100 Dec. 31 to $1,189,828,600 Jan. 28, and loans ran up from
$1,066,701,200 to $1,115,643,200.
On the Stock Exchange
tlie highest rate for call money was 33^% at the very beginning of the month with a decline subsequently to 1
On
time, loans at the close were 3% for 60 to 90 days and 3@33^
for 4 to 6 months; with paper 33^(^4 for 60 to 90 day endorsed
bills receivable, and 3^i@4:}4 for prime and 43^ for good 4
to 6 months single names.
Foreign Exchange Silver, Etc. Except for temporary weakness on the first business day (Jan. 3), exchange was almost
continuously strong in January, and rates Jan. 31 were the
highest of the month namely 4 8570@4 8580 for 60-day bills,
4 8795 @4 8805 for sight bills and 4 8845 @4 8855 for cable
transfers.
Exports of gold from this port reached $17,500,000, including $2,500,000 sent overland for shipment from
San Francisco to Japan. The shipments consisted in part
of coin, as not enough bars could be obtained from the Assay
Office; the new supply to become available through current
production was engaged for many weeks ahead. The Bank
of France allowed 23^% interest on consignments of bars in
transit, but not on coin.
The movement was facihtated by
a fall in the rate of exchange at Paris on London and by a
rise in the price of bar gold and of American Eagles in London.
A demand for exchange in payment of short-time American
railroad notes held abroad and about to mature, and also
New York City revenue bonds, was noted. The supply was
%%
,
.
—
,
,
Munroe & Munroe before their suspension. The American
Merchant Marine Commission made its report to Congress,
and submitted a bill providing for subventions for vessels
built in the United States, for subsidies for new ocean mail
routes and for a tonnage tax on foreign ships.
Railroad Events and Stock Exchange Matters.
The stock
market was more or less irregular during the first three weeks
and inclined to be weak at times, though even then special
stocks like Erie, Manhattan Elevated, Reading and some
others formed exceptions and made sharp advances.
After
the decision Jan. 3 in favor of Mr. James J. Hill in the Northern Securities litigation, there was persistent talk all through
the month of an early settlement between the opposing inter- small, owing to the curtailed breadstuffs exports. The Bank
This talk continued even after of Germany, on the 10th, reduced its rate of discount from
ests of the points at issue.
the announcement Jan. 30 (contrary to expectations) that the 5% to 4.
In the open market, discounts at Berlin and
U. S. Supreme Court had granted the application of the Har- Frankfort at the close were down to 2%@23/^. At London,
riman interests for a writ of certiorari. On the N. Y. Stock open market discounts Jan. 31 were 2 1-IQ@2]4, and at
Exchange Gt. Northern stock advanced from 236 Jan. 4 to Paris 23/^. Silver in London decHned from 28 ^d. Dec. 31
254 Jan. 28, and on the curb No. Securities stock rose from 1904 to 27 9-16d. Jan. 12.
On buying orders from India
1303^ Jan. 5 to 155}^ Jan. 28, the close Jan. 31 being 149. there was a recovery to 283^d. Jan. 27, with the close Jan. 31
There were also suggestions of a combination of Union Pacific- 27 13-16d.
Standard Oil and Vanderbilt interests, one part of the arrangement (as rumored) being the taking up of Chicago &
FEBRUARY.— Cwrreni Events.—The House of RepreNorth Western stock at some high figure with an issue of sentatives at Washington on Feb. 9, by a vote of 326 to 17,
Under these rumors decided buoyancy devel- passed the Esch-Townsend railway rate bill amending the
joint bonds.
oped the latter part of the month, in which N. Y. Central and Inter-State Commerce law so as to give the Inter-State
the Vanderbilt properties were prominent.
North West com. Commerce Commission power to fix rates in cases coming
moved up from 205^^ Jan. 6 to 249 Jan. 31, and St. Paul & before it and also providing for the creation of a court of
Omaha com. (on which the semi-annual dividend was in- transportation. The measure was rushed through under
creased from 3% to 33^%) from 150 Jan. 6 to 225 Jan. 31. a special rule limiting debate and shutting off amendments.
Un. Pac. com. advanced from 113 Jan. 6 to 1233^ Jan. 30. The only action by the Senate was to authorize a committee
All of fact that actually developed with reference to the ru- to inquire into the subject during the summer.
An immors mentioned was the announcement Jan. 31 of a change proved feeling developed at all the European financial
of officials in a number of the distinctly Vanderbilt lines, to centres, based on a belief in the early restoration of peace
provide greater uniformity of management for the different between Russia and Japan. Consols in London advanced
parts of the Vanderbilt system.
Thos. W. Lawson of Boston from 883^ Jan. 31 to 91 5-16 Feb. 28. There were very
made further attacks on the market through newspaper ad- positive rumors that peace negotiations were actually pendvertisements, but these passed unnoticed.
Reading com. ing. It later appeared that the Czar's Government was still
from 79 Jan. 13 moved up to 90^ Jan. 19 and closed at 883^ determined to continue the war. The latter part of the month
Jan. 31. -As indications of the general hst. 111. Cent, from a general engagement took place between the opposing
1563^ Jan. 3 declined to 152;^ Jan. 25, and then touched armies in Manchuria and the Russians were again unsuccess160^ Jan. 31, while Pennsylvania sold down from 1393^ ful and were driven back at numerous points. On the 17th
Jan. 3 to 135 Jan. 25 and closed at 1383^ Jan. 31.
In the the Grand Duke Sergius, uncle and brother-in-law of the
outside market, Interborough Rapid Transit made a further Czar, and who was understood to be at the head of the resharp rise from 164 Jan. 3 to 202^ Jan. 31. Stock sales on actionary party at the Russian court, was assassinated at
the N. Y. Stock Exchange for the month reached 20,792,558 Moscow.
The iron and steel trades continued in a state of
shares.
Nash. Chatt. & St. Louis increased its semi-annual great activity, but the dry goods trade was in a somewhat
dividend from 2 to 23^%.; 111. Cent., in addition to the regu- unsatisfactory shape, and reductions in the prices of various
lar 3% semi-annual, declared 3^% extra in commemoration lines of cotton goods were made.
Print cloths at Fall River
of the 100th semi-annual cash dividend made by the com- were marked down from 2^c. to 2^c.
Cotton advanced
pany; Lehigh Valley made a semi-annual payment of 2%, fol- from 7.25c. Jan. 31 for middling uplands, to 8.15c. Feb.
18,
lowing the 1% the previous August, when dividends were re- but the close Feb. 28 was at 7.60c.
On 'rumors that a Wall
sumed; Amalgamated Copper declared the usual 3^% quar- street clique headed by John W. Gates was holding a large
terly and 3^% in addition; U. S. Cast Iron Pipe & Foundry line of May wheat, and contemplated a squeeze of
the shorts,
increased its quarterly pref. dividend from 13^ to \%%, and contracts for May delivery at Chicago touched $1
213^^ Feb.
American Hide & Leather made a first (quarterly) dividend 16; it then developed that there had been heavy seUing by
of 1% on its pref. President Cassatt of the Pennsylvania RR. this party, whereupon a severe slump occurred,
the close
entered the board of directors of the N. Y. N. H. & H. RR., Feb. 28 being $1 133^.
Nearly all through the month the
which was taken as evidence that the old close arrangements May option ruled higher in Chicago than in New York.
between the two companies would be maintained, notwith- The weather was rather severe, there being numerous snowstanding the New Haven's acquisition of the N. Y. Ont. & AV. storms here in the East, but nevertheless was better
than it
The New Haven acquired some more electric roads. N. Y'. had been in the same month of 1904, when very exceptional
Central took over the control of the Rutland RR. and the conditions prevailed.
A serious fire at New Orleans Feb.
St. Lawrence & Adirondack, and also took possession of the 26 destroyed a large portion of the 111.
Central RR.'s docks
N. Y. & Ottawa, sold at foreclosure the previous month. and wharves, along with two elevators at that point;
the
The State of Maryland disposed of its interest in the Chesa- loss was estimated at $5,000,000. The House of Reprepeake & Ohio Canal to the Western Maryland RR. (See V. sentatives at Washington, after having the previous month
80, p. 165.)
Buff. Roch. & Pittsb. gave its shareholders the adopted a resolution authorizing the "Department
of Comright to take $1 ,500,000 additional com. stock at par.
Inter- merce and Labor to investigate the iron and steel industry,
national Paper Co. offered 15,000,000 of its 5% bonds to its also adopted a resolution for the investigation
of the Standard
shareholders at 90 and int.
Cin. Ham. & Dayton sold $8,- Oil Co.
There was much legislative agitation against the
500,000 of 4% refunding bonds, and its shareholders approved latter, particularly in the West, and the Kansas
Legislature
the lease of the Perc Marquette RR.
The unsold portion of a})propriat(>d $200,000 for the establishment of a State oil
$6,000,000 refunding mtge. 4% bonds of the Pere Marquette refinery; the measure, however, was declared
RR was offered at 93 and oversubscribed. The Lackawanna tional by the State Supreme Court in July; seeunconstituV. 81, p.
Steel Co. sold $10,000,000 5% five-year collateral gold notes. 182.
Seci-etary Shaw Feb. 4 promulgated a regulation of
Receivers were appointed for the Standard Rope & Twine wide bearing concerning drawbacks
to be allowed on flour
Co., or Cordage Trust.
manufactured from imported wheat mixed with domestic
The Money Market. Notwithstanding the large gold ex- wheat and then exported. The Senate
later attached an
ports, money rates ruled low. .With a heavy return flow of amcMidment to tlie Agricultural
Appropriation bill, tlie cff(>ct
currency from the interior, both money holdings and surplus of which would have been to repeal
the drawback provision
reserves of our Clearing-House banks increased largely— the of the Dingley law, but the
House resented this as an into
—
—
.
—
—
THE CHRONICLE.
10
vasion of its Constitutional prerogative and rcjturned the bill
to the Senate, and the latter finally dropped the amendment.
The V. S. Supreme Court Feb. 20 upheld the validity of
the Kan.'^as Anti-Trust law and Feb. 27 upheld that of Texas.
The arbitration treaties with various foreign countries failed,
the Senate, having amended them by a vote of 50 to 9, after
President Roosevelt had written a letter to the Chairman
of the Senate Committee on Foreign Relations expressly
declaring that he would refuse to execute them if so amended.
The Senate acquitted Charles Swayne, District Judge for the
Northern District of Florida, of all the articles of inipcachment brought by the House of Representatives. The decision of the International Commission of Inquiry into the
North Sea or Dogger Bank incident of the previous October
was rendered Feb. 2r-,, and held that the firing of Admiral
Rojestvensky's squadron on the English fishing trawlers
was unjustified. A parcels post treaty between the United
States and Great Britain, to go into effect April 1, was
signed at Washington.
Railroad Events and Stock Exchange Matters. The action
of the House on the Esch-Townsend rate bill passed almost
unnoticed on the Stock Exchange. The controlling features
in the market were the announcement of a contemplated
combination of the Southern iron and steel properties
(which, however, was never carried to completion) and
the reiteration of reports of a Vanderbilt-Standard Oil comAbsolutely nothing tangible
bination among the railroads.
developed regarding the suggested combination among the
What seemed to be the first step in the proposed
railroads.
union of the Southern iron and steel concerns came early in
the month, when it was announced that the International
Power Co. had purchased from Baltimore parties a conthe
trolling amount of the $2,500,000 common stock of
Alabama Consolidated Coal & Iron Co. In the case of
the Tennessee Coal, Iron & RR. Co., there appeared to
be a contest with the dominant interests for control,
but it was not imtil December that the property
Enormous advances occurred in these
changed hands.
properties, Sloss-Sheffield common going from 61 to 118M,
Tennessee Coal & Iron from 71}4 to 97 M, Repubhc
87i^ and International
Iron & Steel pref. from 683^ to
Power from 66 to 100. Fed. Min. & Smelting, in no way
related to any of these, also experienced a remarkable rise
on favorable rumors and the declaration of larger dividends,
the common moving up from 63 to 120, with the close,
however, at 104. U. S. Steel common advanced from 30
When interest in the steel properties began to
to 35^.
abate somewhat, the reports of a Vanderbilt-Standard Oil
combination to form an ocean-to-ocean line were revived,
—
and these reports were accompanied by such enormous buying of stocks that they were given a decided air of plausiThe roads most generally mentioned in connection
bility.
with the combination were Un. Pacific, N. Y. Central and
Chicago & North Western and other Vanderbilt properties.
N Y Central advanced from 146 J^ Feb. 20 to 161 Feb.
27 Un Pac. com. from 121 Feb. 6 to 136 J^ Feb. 25 and
Great Northern from 250 Feb. 3 to 300 Feb. 21. In the
outside market Nor. Securities stock rose from 1463/^ Feb.
On Saturday Feb. 25 the dealings for
2 to 163 14 Feb. 20.
the two hours aggregated 1,272,891 shares, which compared
with 1 182,936 shares sold Saturday Apr. 20 1901, the preFor the month the sales
vious record for a half-holiday.
were 25,239 ,088 shares. The upward movement culminated
Feb. 27; on the 28th a sharp downward reaction occurred,
leaving 'the close at several points decline from the top.
There were numerous new large loan negotiations. Speycr
& Co and Kuhn, Loeb & Co. took $75,000,000 bonds of
the So. Pac. RR. of Cal. (a constituent property of the
Southern Pacific Co.) and resold them within a few hours
without any public offering; a part was placed abroad;
about $45 000,000 of the proceeds were to retire existing
bond issues. Kuhn. Loeb & Co. also offered $25,000,000
reaching $200,4% bonds of the Mo. Pac, the subscriptions
In Philadelphia $10,000,000 Market Street El.
000 000
Rv bonds guar, by the Phil. Rap. Trans. Co. were sold.
The Republic Iron & Steel Co. disposed of the $10,000,000
bonds which had been depo.sited as security for the
of the
$7 000,000 5% notes previously issued. Stockholders
Atchison were accorded the privilege to subscribe for $32,420 000 of the new 4% conv. bonds. A further extension
formed in 1902 to
for one year was made of the syndicate
underwrite the $50,000,000 col. trust deb. bonds of the
The Long Island RR. increased
Int. Mercantile Marine Co.
passenger fares.
j
x
j
, ^
i
The Monexj Market. Somewhat firmer rates developed in
large
gold
exto
the
part
in
owing
market,
the local money
Clearing House
ports and the diminution in the surplus of the
bqnks but also in part to the numerous new loan negotiaThe So. Pac. bond sale of $75,000,000, for which
tions
payment had to be made in full on Feb. 27, in particular,
had an influence on rates. Call loans at the Stock Exchange
one fearanged between IJ^ and 3; in the time-loan branch
proceeds of finance
ture was lending by foreign bankers of the
90 days. At the close rates
bills such loans being for 60 to
days, 3^^ for 90 days to
for time contracts were 3M for 60
Commercial paper was
4 months and 3^ for 5 to 6 months.
for double names and S%@i}4 for
then quoted at
Surnrime single names and 4J^@5 for good single names.
fell from $26,979,banks
House
Clearing
the
of
reserves
dIus
28 to $9,204,425 Feb. 18, with a recovery to
'
—
,
'
,
3M@4
550 Jan
[Vol. lxxxii.
Monev holdings declined from S324,$14,646,075 Feb. 25.
436,700 Jan. 28 to $307,343,400 Feb. 18, and then increa.sed
Deposits increased from $1,189,to $309,602,300 Feb. 25.
828,600 Jan. 28 to $1 ,202,972,300 Feb. 11 and then decreased
Loans, after expanding from
to $1,179,824,900 Feb. 25.
$1,115,643,200 Jan. 28 to $1,142,106,100 Feb. 11, were
$1,121,281,400 Feb. 25.
Foreign Exchange, Silver, Etc. Except for a time during
the earlier part, of the month exchange was weak. Gold exports were large ($10,873,021 from this port going to Paris
and $2,750,000 to Argentina, while $11 ,000,000 in gold certs,
went to Cuba) but the latter part of the month, with the
decline in sterling at this point and the rise in French ex.
change on London, shipments to Paris were no longer profitThe decline in
able and the movement came to an end.
sterling here followed in a measure from the increased firmness of money here.
At the same time offerings of bills were
noted drawn against securities placed abroad, and more
especially So. Pac. bonds forming part of the $75,000,000
bond sale. Then also the improvement in the financial
situation in Europe consequent upon the peace rumors encouraged foreign buying of American stocks and bonds in this
market. There were also offerings of sterling and franc
finance bills.
Sterling Feb. 28 was at the lowest figures of
the month, namely, 4 8450 @ 4 8460 for 60-day bills, 4 8660®
4 8670 for sight and 4 8695 @4 8705 for cable transfers.
Money at the European centres was easy, and Feb. 14 the
Bank of Germany reduced its discount rate from 4 to 3J^.
The bullion holdings of the Bank of England increased
£3,484,000 in the four weeks ending March 1, including one
arrival of £1,000,000 from India and another arrival of
£1,000,000 from Egypt. Open market discounts at London
Feb. 28 were 2J^@)2i/^, at Paris 1 5-16, and at Berlin and
Frankfort 1%. Silver in London after touching 28 5-16d.
Feb. 9 was 275^d. Feb. 28.
—
—
MARCH. Current Events. In the Russo-Japanese war a
gigantic battle was fought.
It lasted about 12 days and resulted in the complete rout of the Russian forces and their
disorderly retreat, with the taking of Mukden by the JapanThe slaughter of men was terrific and tens of thousands
ese.
An unofficial
of Russians were at the same time captured.
estimate of the Japanese casualties placed the number at
57,000. The Russians the next month reported their losses
in killed, wounded and prisoners at 107,000, but this is beGen. Kurolieved to have been a decided underestimate.
patkin was recalled as Commander of the Russian forces and
replaced by Gen. Linevitch. This disastrous defeat of the
Russians revived hopes of early peace. Moreover, the efforts
to place another Russian loan in France failed French bankers declining to continue negotiations while the war lasted.
Towards the close of the month, however, confidence in the
Russian securities
conclusion of peace again began to wane.
declined sharply and panicky conditions at the Russian centres were reported at times, though the Russian Government
appears to have succeeded in floating an internal loan.
Japan brought out a,A}/^% loan for £30,000,000 Avhich proved
a tremendous success. The bonds were offered at 87^,
one half in this country and the other half in London, and
,
were secured by a first charge on the tobacco monopoly
revenues of the Japanese Empire. The subscriptions in this
country aggregated $500,000,000 and in London $800,000,Furthermore, a Japanese internal loan for 100,000,000
000.
yen offered Mar. 30 and secured only by the credit of the
Government was nearly five times oversubscribed, applications for the whole issue coming from foreign investors, and
one half the loan being allotted to them. Mar. 3 the Czar
issued a rescript to his Minister of the Interior announcing
that he had decided to convene an a,-sembiy of elected representatives of the Russian people "to participate in the elaboIn the
ration and consideration of legislative measures."
Nor. Secur. litigation the U. S. Supreme Court on Mar. 6
rendered a decision in favor of the Hill interests by upholding
the pro rata plan of distribution of the co.'s assets. The
handing down of an opinion, however, was deferred for the
time being, and on Mar. 17 an application was made to the
Court for an immediate mandate in the case. The HarrimanUnion Pac. interests opposed this, claiming that the mandate
should not issue until the opinion was readj^ The opinion
was filed the first Monday of the next month (Apr. 3) and it
was then announced the mandate would be issued two weeks
April 17.
Accounts regarding the condition of winter
later
wheat were quite favorable and May wheat at N Y dropped
from 1153^ Mar. 6 to 109 J^ Mar. 29, the close Mar. 31 being
The Census Bureau issued its final report on cotton
1113/^.
Midginning and showed a total crop of 13,597,782 bales.
dling uplands in this market advanced from 7.60c. Feb. 28
Print cloths
to 8.30c. Mar. 20 and closed Mar. 31 at 8.15c.
The final instalat Fall River advanced from 2^ to 2Mc-
—
.
.
ment of the call made by the Secretary of the Treasury the
previous Nov. on the national banks for a portion of their
Government depo.sits fell due Mar. 15. The withdrawal had the
advancing money rates at this centre. Government
deposits in the banks throughout the country dropped from
Cash in Sub$102,128,349 Mar. 1 to $89,395,018 April 1
Treasuries between the same dates increased from $272,National bank circulation in533,493 to $288,264,195.
creased from $438,370,084 to $444,870,179. The iron and
steel trades continued extremely active, and wages of coke
workers were advanced Mar. 1 by the H. C. Frick Coke Co.,
effect of
.
—
U
THE CHRONICLE
Jan. G 1006.
concerns of the U.S. Steel Corporation,
also announced in the wages
of steel workers to go into effect Apr.l. A strike of the elevated and subway employees in this city occurred Mar. 7, Vjut
was short-lived and resulted in the complete defeat of the
President Roosevelt,
Congress adjourned Mar. 4.
strikers.
in entering upon another term, reappointed the members of
his Cabinet, except that G(>orge B. Cortelyou succeeded
Postmaster-General Wynne. The U. S. Senate failed to
take action on the Esch-Townsend railroad rate bill received
from the House of Representatives. Among the other
measures which f aikxl to bcconie laws were the Panama Canal
Bill (Congress merely extending vmtil the end of the 59th
Congress the Act of the previous year vesting the President
with power to provide for the government of the Canal Zone
and the prosecution of the work on the Canal) and the bills
for admitting to Statehood of certain of the territories; Congress also refused to make the $130,000 appropriation required to pay the National City Bank the rent due it for the
occupation by the (Government of the New York Custom
House building. Among the measvn-es which did become
laws were the Act encouraging the building of railroads in the
Philippines and the Act for the return of captured Confederate battle-flags which had been in the possession of the
Government since the surrender of Gen. Lee in 1865. The
Senate at regular session having failed to ratify the Treaty
with Santo Domingo under which the U. S. is to undertake
to conduct the republic's Customs affairs with the view of
liquidating its indebtedness, the President sent another special
message to the extra session of the Senate vu'ging ratification,
but so much opposition developed, it was finally determined
not to put the Treaty to the hazard of a vote. Later, the
President agreed to a proposition of the Dominican authorities by which the Dtjminican Government appointed citizens
of the U. S., on th{> recommendation of the President, to
undertake the collection of Customs duties at certain of the
ports, 45% to be paid to the Dominican Government, and
55% to be retained on special deposit until action by the
U. S. Senate on the Treaty if said action is favorable to
be then disti'ibuted among the creditors, and if unfavorable
To allay the apprehento be returned to Santo Domingo.
sions of the Haytian Government, to which the Treaty with
Santo Domingo had given rise, and in answer to a direct
inquiry from the Haytian Minister, Secretary of State Hay the
previous month had addressed a note to the latter conveying
assiu-ances that the Government of the LI. S. had "no inten-
one
j
of the subsidiary
and pretty general advances were
& Atl. announced a first (Uv. (2%) on its pref. stock.
Sloss-Sheffield Steel & Iron Co. declared a first semiannual div. of '21/2% "'1 ^^^G com. stock. The Pennsylvania
RR. offered $100,000,000 of 3)^% bonds ($27,480,020 going
bonds falling due in June and July) to its shareto retire
holders at par and a noteworthy feature was that the loan
was jointly imderwritten by J. P. Morgan & Co. and Kuhn^
Locb & Co. The Vandalia Railroad (controlled by the
50Pennsylvania) sold $7,000,000 of its consol. mtg.
year bonds. The Long Island RR. sold an additional
1st and refunding bonds guar, by the
$6,000,000 of its
Pennsylvania RR. The Cin. Ham. & Day. Ry. sold $15.000,000 31/^-year 4}^% gold collateral notes due Sept. 1
Bankers in this country and in Europe offered
1908.
the new issue of $25,000,000 of Amer. Tel. & Telegraph Co.
4%, bonds. The issue was oversubscribed, nearly $10,000,reduction in telephone rates in
000 being taken abroad.
Gt. North. Ry.
this part of the coinitry was announced.
disposed of another £1,000,000 St. Paul Minn. & Man.
Shareholders 'of the North
Pac. extension 4 per cents.
American Co. authorized an increase of stock from $17,000,000 to $30,000,000 and stockholders were allowed to subNew Orleans
scribe at par for $5,100,000 of the new issue.
1st mtg.
Great Northern RR. sold $5,000,000 of its
Ches.
The
7%
4%
4%
A
•
5%
Wabash RR. debenture "B" bondholders took steps
to compel the payment of interest on these bonds or to force
some adjustment. The litigation regarding the payment
bonds.
of
unearned dividends on Amer. Malting Co. stock was
settled by the former directors paAnng to the company $340,000 in cash and $1,000,000 in common stock of the Malting
A new agreement was reached among the Mexican
Co.
roads for pooling the traffic on imported goods. Stockholders of the Col. Fuel & Iron Co. were offered the right
to subscribe to securities of the Colorado Industrial Co.,.
together with a block of Fuel Co. stock.
The Money Market. Money rates sharply advanced,
mainly on account of the payment into the Treasury by the
banks of the 15% of Government deposits under the call
which matured on the 15th. Call loans on the Stock Exchange touched 4 on the 15th and 16th, and on the 31st,
owing to preparations for the 1st of April payments and the
calling of loans incident to the subscriptions for the
Japanese bonds, the rate got up to 4J/^. The range for the
month was 2 to 43^. The latter part of the month reports
of another call on the depositary banks (which call came
early the next month) also had some effect in hardening
Surplus reserves of the Clearing House banks
tion of annexing either Hayti or Santo Domingo and no desire rates.
of acquiring possession of them, either by force or by nego- dropped from $14,646,075 Feb. 25 to $5,154,175 Mar. 18,
tiation."
The situation in Venezuela became somewhat but recovered to $8,664,575 by Apr. 1. Money holdings
embarrassing to our Government because of the refusal of were at their lowest Apr. 1 at $293,329,900, this comparing
Loans, after increasing from
President Castro to arbitrate the pending issues between the with $309,602,300 Feb. 25.
U. S. and Venezuela, he declaring that the asphalt cases $1,121,281,400 Feb. 25 to $1,134,425,300 Mar. 4, were
must be left to the adjudication of the Venezuelan courts' heavily reduced, being only $1,099,289,700 Apr. 1. This
At the same time the Venezuelan Government entered into carried down the deposits, which, after increasing from $1,a debt adjustment agreement with the British and German 179,824,900 Feb. 25 to $1,189,970,000 Mar. 4, were only
bondholders involving gviarantees of a large portion of the $1,138,661,300 Apr. 1. Time loans at the close were S}4@
The report of Com. of Corporations Gar- •iYi for 60 to 90 days and 3^@.3^^, for 4 to 6 months. ComCustoms duties.
field on the so-called Beef Trust was sent to Congress, and mercial paper then was in moderate demand, with a meagre
was quite favorable to the packing companies; see V. 80, p. supply of choice names and with quotations 3^@4i4 for
double names and 4@43^ for prime and 4i.^@5 for good
1024.
Railroad Events and Stock Exchange Matters.
Much irregu- single names.
larity marked the course of prices on the Stock Exchange
Foreign Ezchanqe, Silver, Etc.— T>ea,rev money at this
The early jjart of the month there Avas centre had a marked effect in weakening exchange. The
during March.
considerable manifestation of strength induced by the belief early part of the month the market was strong, owing to
in the early termination of the Russo-Japanese war, the a scarcity of bills and a good demand for remittance
failure of the subway strike in this city and the favoralbe but higher money rates changed the situation.
The Bank
reports regarding the growing winter-wheat crop.
As the of England Mar. 9 reduced its discount rate from 3 to '2]/2,
month progressed the chances of peace seemed to diminish being the first change since April 21 1904, and later the Bank
and disappointment began to be felt over the failure of any of the Netherlands also reduced from 3 to 23^. Exchange in
tangible developments with reference to the rumored com- liberal amounts was offered against securities bought some
binations in the railroad world and the slow progress making time previously on European account and which had been
in effecting the consolidation of the Southern iron and steel carried in New Y'ork, owing to the cheapness of money here.
properties.
The latter part of the month considerable With higher money rates at this centre and lower rates
activity was noted in the industrial stocks
not alone the abroad, these loans were transferred to the other side.
iron and steel shares, but many others.
The sales on the When exchange was at its lowest, there was talk of the
Exchange reached 29,138,8SS shares. N. Y. Cent, from possibility of early imports of gold. The latter part of the
1541/^ Mar. 1 advanced to l(i7''4 Mar. 14, but declined to month, however, some recovery in sterling again occurred,
161 ex. dividend Mar. :U.
Un. Pac. from 138 Mar. 1 ad- influenced in part by the unsettled conditions at St. Petersvanced to 136'>:s Mar. 15, then declined to 127 Mar. 23 and burg growing out of the Russian reverses and the d(>cline
closed at 1W}4 Mar. 31.
Some of the "junior" Vanderbilts in Russian securities. The low point was reached on the
like "Big Four," "Nickel Plate," etc., moved up sharply. 24th when 60-day bills were quoted at 4 8370@4 8380^
Del. Lack. & West, from 353i<i Mar. 3 jumped to 400 Mar. sight at 4 8565@4 8575 and cable transfers at 4 8590@4 86.
14 and later the announcement came that the quarterly The close Mar. 31 was at 4 8410@4 8420, 4 8595@,4 86
dividend was to be increased from
<^'t.
to '2}/2%and 4 8630@4 8635 for the three classes of bills. Open
Northern pref. advanced further to 310. Among the in- market discounts at the Eiu'opean centres at the close were
—
—
—
—
l%%
stocks, Amer. Locomotive com. advanced from 2 at London, 2)/^ at Paris and 234@23^ at Berlin and
52M, Amer. Smelting & Ref. com. from 89^*4 to Frankfort. Silver in London was decidedly weak, in1031/^, Amer. Woolen com. from 24 to 31, National Lead fluenced bj'^ considerable sales on Eastern account at a time
com. from 333/^ to 47 J^, Tenn. Coal & Iron (which resumed when th(>r(^ were few buying orders. The price Mar. 31
the payment of dividends) from 86 J^ (Mar. 8) to 9934, etc., was only 25 13-16d. against 27 ll-16d. Mar. 1.
dustrial
41^ to
many
common
etc., some recessions from the best prices occurring in
of these instances at the close.
adU. S. Steel
vanced to 37'>s Mar. 13, then declined to 33'>^ Mar. 22 and
closed Mar. 31 at 35J^.
Corn Products pref. dropped from
775^ Mar. 2 to 621^ Mar. 23 on the reduction in tlie (piar.
div. ort the pref. from
to 1%.
In the outside market
1%%
a notable feature was the jump in Nor. Sec. "stubs" (representing the equity in the assets remaining after th(^ distribution of No. Pac. and Gt. North, shares) from 300 Mar.
7 to 950 Mar. 17; tiie close Mar. 31 was at 725.
The Bait.
—
APRIL. Current Events. A severe break occurred in
both the wheat market and the stock market. The attempted
From $1 IS'ji Apr. 6
corner in May wheat at Chicago failed.
the May option in Chicago dropped to 8()'/2 A])r. 29, the close
Ii^ N. Y\ the May option declined from
being at 8734In the other options there were no cornering
$1 V2% ^o 90c.
operations and July wheat at Chicago declined only from
Many speculators suffered s(^verely. From
893^ to 815^c.
Milwaukee the announcement came Monday, Apr. 24, of the
THE CHRONICLE.
12
[Vol. Lxxxii.
York Legislature passed a law requiring more frequent
returns from the trust companies
V. 81, p. 6.
Railroad Events and Stock Exchange AI alters.
Pronounced
liquidation with severe declines in prices and panicky conditions were the feature on the Stock Exchange the latter
half of the month.
The first half the market still remained
strong and new high records were established for a number
of stocks.
One important factor to that end was the announcement that Un. Pac. shareholders were to be asked
to vote May 5 to increase the pref. stock by $100,000,000.
The purpose of the increase was not defined and it was argued
that the intention was to make large purchases of stocks of
other properties.
Milwaukee & St. Paul moved up .sharply
on this theory. Later, views changed and fears were expressed that increased friction with other railroad interests
might result. Some occurrences seemed to indicate that
the relations between certain railroad interests were growing
The mandate of the U. S. Supreme Court
less harmonious.
in the Nor. Securities case was filed in the U. S. Circuit Court
for the District of New Jersey Apr. 18 and the Securities Co.
at once arranged to carry out the plan for the distribution of
its holdings of Nor. Pac. and Gt. Nor. shares.
Shortly
before the issue of the decree Mr. E. H. Harriman was discontinued as a director of the Securities Co. The announcement also came that a syndicate had arranged to take the
$50,000,000 5% bonds of the Western Pac. Ry.— a Gould
enterprise
for the construction of an entirely new road from
Salt Lake City to San Francisco.
This was followed (on
Apr. 27) by the resignation of Mr. Geo. J. Gould as director
and as member of the Executive Committee of the Un. Pac.
RR. Moreover, on Apr. 18 the San Pedro Los Angeles &
Salt Lake RR. had been formally opened from Salt Lake to
Los Angeles. All this evidently meant more competitors
even if it did not mean disruption of friendly relations. Disappointment was also felt because the rumored combinations in the railroad world on wdiich prices had been sent up
The merger
so sharply in earlier months had not developed.
of the Southern steel properties seemed doomed to failure.
On top of all this there came the collapse in the wheat
market, the Bigelow defalcation and the further disclosures
As a consequence the
regarding Equitable Society affairs.
bottom dropped almost completely out of the market. Atl.
Coast Line and Louisv. & Nashv. shares and some others
were conspicuous for further rises even while the general
market was already displaying marked weakness L. & N.
being pushed upward on unfounded reports of a lease to
The
the Atl. Coast Line RR. Co. at fixed dividends of 7%.
last few days the whole list declined, the market on the
closing day (Saturday Apr. 29) being on the verge of a
Gt. North, stock dropped from 335 Apr. 17 to 270
panic.
Apr. 29; the range on Nor. Securities shares (in the outside
market) was from 185^ Apr. 15 to 154 Apr. 29, the "stubs"
declining from 900 to 350; on Un. Pac. from 137 to 118;
on N. Y. Cent, from 1633^ to 141; on Mil. & St. Paul com.
from 187J^ to 170i<; on Ont. & West, from 63^ to 49; on
Penn. from 144^ to 1373^; Atlantic Coast Line advanced
from 142% Apr. 1 to 170 Apr. 24 and closed at 1481/^ Apr. 29.
No. Pac. shares were restored to the Stock Exchange list
with the liquidation of the Nor. Sec. Co. Amal. Copper was
strong early in the month on persistent but unfounded
rumors that the United Copper Co., a Heinze enterprise,
was to be taken over, and reached 89 J^ Apr. 14; the close
Apr. 29 was at 78^; U. S. Steel com. touched 383^ Apr. 7
but closed Apr. 29 at 31 ^. In the general slump the indusTenn. Coal & Iron
trial shares were unusually prominent.
dropped from 1063^^ to 80^^; Sloss-Sheffield Steel & Iron
from 100 to 80; Gen. Elec. from 191 to 171; Col. Fuel & Iron
com. from 57^ to 423^; Amer. Locomotive com. from 613^
to 47. The Montana Supreme Court affirmed the decision of
the lower court in the suit of Miles Finlen against F. Augustus
Heinze (Pres. of the United Copper Co.), awarding possession
U. S. Rubber Co.
of the Minnie Healy mine to the latter.
extra, making
quar. on the pref. stock and IJ^
declared
8% for the fiscal year. The Mason City & Ft. Dodge RR.
which had been donated to South Dakota and also settled (leased to the Chic. Gt. West.) sold $12,000,000 50-year
bonds; the Wash. Term. Co. disposed of $10,000,000 1st
with the other owners of the same class of bonds. It was
announced that on May 1 the Mexican Government would mortgage 33^s guaranteed by Baltimore & Ohio and the
enter definitely on the policy of maintaining its currency on Phila. Bait. & Washington; Wabash RR. sold $7,000,000
a gold standard of values, the Mexican dollar being given a 43/^% 5-year gold notes; Chicago Rock Island & Pacific
(These
gold value of approximately 50c.; the free coinage of silver Ry. sold $7,000,000 of 1st and refunding bonds.
V. 80, p. 1446. The Cunard bonds, it ig understood ,were re-sold in Germany) Hallgarten
in Mexico ceased April 16
Line withdrew from the steamship agreement with the Inter- & Co. together with German and Swiss banking concerns,
national Merc. Marine Co. and other lines.
N. Y. City purchased $17,000,000 new ref. 43^% bonds of the Col. &
Apr. 24 sold $25,000,000 3^/^% bonds on an interest basis Southern Ry. and formed a syndicate to provide $15,000,000
A new constitution with provision for a cash, this being part of a plan for building an extension to
of 3.47@3.49.
The the Gulf of Mexico; Boston Elev. Ry. placed $7,500,000
legislative assembly was promulgated in the Transvaal.
Everett-Moore syndicate of Cleveland, which, by reason of 30-year bonds; a syndicate took $6,500,000 of the $10,000,000 5% impr. bonds of the St. Louis Transit Co.; the Consol.
its extensive promotion of trolley and telephone enterprises,
had become embarrassed in Jan. 1902, with liabilities of Gas Elec. Lt. & Power Co. of Baltimore disposed of some
$16,000,000 to $17,000,000, was restored to control of its $6,500,000 of new 30-year 43^s.
Two Southern banking concerns John L. Williams
affairs.
The Moneij Market. Except for a temporary spurt in call& Sons of Richmond, and J. William Middendorf & Co. of loan rates Apr. 20, normal conditions prevailed in money.
Baltimore, who had been obliged to ask indulgence of their In the afternoon of the day mentioned there was a sudden
were also able to announce their re- advance to 7%, the highest since Dec. 1903. The demoralcreditors in Oct. 1903
habilitation.
The President completely reorganized the ized condition of the stock market may have played some
Panama Canal Commission and made Theodore P. Shonts part in this temporary rise, but it was mainly due to the
Chairman in place of Rear Admiral John G. AValker. Three fact that loans on that day had to be made until the following
New York City trust companies the North American Trust Monday, the Stock Exchange having deci led to keep closed
After the holiCo., the City Trust Co. and the Trust Co. of America- both Friday (Good Friday) and Saturday.
were consolidated under the name of the latter. The New days the rate dropped back again and the rest of the month
defalcation of Prcs. Frank G. Bigelow of the First Nat. Bk. of
Milwaukee. Tlu; directors went to the rescue by subscribing
$1,035,000 as a guaranty, Mr. Bigclow's embezzlement having reached over $1,500,000.
This relieved anxiety; the
"run" which occurred had been prepared for by large shipments of currency from Chicago. Mr. Bigelow's acts were
It subattributed to participation in the wheat speculation.
sequently appeared that he had also helped himself to the
moneys of trust estates with which he was connected, and he
later filed a petition in bankruptcy.
There were some other
disciuieting circumstances.
At Chicago the teamsters quit
work Apr. 7 in sympathy with the striking garment workers.
The contest was attended by scenes of riot and disorder all
through the month. The election as Mayor of Chicago on
Apr. 4 of Edward F. Dunne, a Democrat, and a strenuous
advocate of municipal ownership of street railways, was
another event that was not viewed with favor, involving, as
it did, threats of the virtual confiscation of strec^t railway
properties in Chicago.
In N. Y. the bill for taxing share
sales and stock transfers in this State became a law with the
approval of Gov. Higgins Apr. 19. The Russian Baltic fleet,
after a prolonged sojourn in the vicinity of Madagascar,
suddenly appeared in Malacca Straits in the China Sea.
Expectations of an early naval battle with the Japanese
fleet were not fulfilled, Admiral Rojcstvcnsky awaiting the
arrival of the ships under command of Admiral Nebogatoff.
His prolonged stay at the ports of Indo-China caused great
indignation in Japan and led to diplomatic representations
to the French Government, the Russian fleet being finally
forced to leave.
A favorable event was the high condition
of winter wheat reported by the Agricultural Bureau at
Washington (namely 91.6 Apr, 1 against 76.5 Apr. 1 1904),
and indeed this had much to do with the collapse in wheat.
The iron industry continued extremely active, consumption
of pig iron the previous month (March) having reached
2,000,000 tons.
Furthermore, peace was restored in the
building trades in this city, a new arbitration agreement
Ijaving been entered into between employers and employees
at a convention on Saturday, Apr. 22. The report of the
TJ. S. Steel Corporation on Apr. 25 for the March quarter
showed net earnings of $23,025,896, against $21,466,632 for
the December quarter, and $13,445,332 for the March quarMiddling upland cotton in N. Y. declined from
ter of 1904.
:8.15c. Mar. 31 to 7.55c. Apr. 26 and closed at 7.85c. Apr. 29.
Print- cloths at Fall River were reduced from 2^c. to
2 ll-16c. Secretary Shaw Apr. 5 made another call upon the
foanks for a pprtion of their Government deposits, half to be
This required the sur^aid May 15 and the rest July 1.
render of about $29,000,000. Government deposits in the
banks May 1 were $88,257,004, against $89,395,018 Apr.l.
Government money holdings were reduced from $288,264,195
National bank circulation (secured by
to $280,671,355.
bonds) was increased from $444,870,179 to $449,147,766.
German Imperial 3i/^% consols loan for $75,000,000 was
offered Apr. 10 in Germany and reported covered fifteen
Exchequer bonds
In London $50,000,000
times.
were brought out repayable $5,000,000 annually. Austen
Chamberlain, Chancellor of the Exchequer, submitted the
British budget and announced that though it was not possible to reduce the income tax, the extra duty of 2d. per
pound imposed on tea the previous year would be taken off
July 1. A bill fixing general standards for savings banks in
this State in purchasing securities passed the Legislature
and was approved by Gov. Higgins the next month. The
U. S. Supreme Court declared the N. Y. State law restricting
employment in bakeries to 10 hours unconstitutional; see
V. 80, p. 1442. The U. S. Supreme Court also, in the case
of Henry Muhlker against the N. Y. & Harlem RR. and the
N. Y. C. & H. R. RR., held the railroads liable for damages
alleged to have been sustained by abutting property owners
on Fourth Ave. through the compulsory change of street
The State of North Carolina settled
grades; V. 80, p. 1395.
with South Dakota the judgment obtained by the latter in
the U. S. Supreme Court on certain bonds of North Carolina
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2%
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THE CHRONICLE.
Jan. G lOOG.
13
rendered a decision declaring that there is a property right
in quotations, and that, this being so, means can be taken
3%@4 to protect such right. The Court also unanimously affirmed
of the N. Y. State Court of Ayjpeals upholding
for double names, 4(5)AH for prime single and 4H@5 for the decision
good single names. Surplus reserves steadily increased and the validity of the special franchise tax law of this State
were $l(i.GG5,250 Apr. 29 against $0,479,32,5 Mar. 25. The N. Y. Legislature passed a number of measures affecting
Money holdings declined from $294,144,800 Mar. 25 to gas and electric companies in this State. The bill to reduce
(See
$290,707,700 Apr. 8 and then increased to $303,297,400 the price of gas to private consumers failed, however.
proposition to extend
Apr. 29. The movement of both deposits and loans varied V. 80, p. 1S5S.) In Philadelphia, tlie
United Gas
considerably; the former were $1 ,140,528, GOO Apr. 29 against the lease of the Philadelpliia Gas Works to the
indignation and
$1,1.50,001,900 Mar. 25 and the loans $1,097,902,100 against Improvement Co. aroused a storm of popular
caused a break in the relations between Mayor Weaver of
$l!l09,701,700.
Philadelphia and the leaders of the political machine, so the
Foreign
exchange
was
Silver,
Etc.
Exchange,
Foreign
There effort was abandoned. The Inter-State Commerce Comirregular but on the whole the tendencj^ was upward.
was some demand for exchange at times in connection with mission, in the matter of the differential allowances in railroad freight rates granted Philadelphia and Baltimore on
th(^ American subscriptions for the Jajjanese domestic loan
and there was also an inquiry incident to the renewal or ex- shipments from the West, suggested certain modifications in
The Bank of England the allowances, but upheld the principle of differential rates.
tension of maturing finance bills.
the savings
bullion holdings were heavily diminished each week (the The bill to repeal the tax on the surplus of
aggregate loss for the five weeks to Apr. 27 being £4,470,955) banks of New York State failed of a vote in the Assembly
mainly on account of shipments to the interior of Great after it had passed the Senate.
Railroad Events and Stock Exchange Matters. The stock
Nearly all the gold arrivals in London were purBritain.
remained depressed during most of May with further
market
from
that
source
being
the
demand
account,
Paris
on
chased
increased by the preparations for the flotation of a large large declines in prices in many cases to the lowest figures
South African company the Central Mining & Inv. Cor- of the year in a number of instances. In addition to the
The price of bar gold and of American Eagles in influences noted above, a Boston stock operator whose
Eoration.
lOndon was twice raised a farthing an ounce. Rates at the close utterances on the market had become notorious .sought to
were the highest of the month except in the case of GO-day intensify the feeling of depression by renewing his attacks
and publishing flaming advertisements in the newspapers
bills— quotations being 4 8455 @4 8400 for GO days, 4 8050
4 8055 for signt and 4 8080@4 8085 for cable transfers. in this country and in Europe, he going .so far as to fix definite
Open market discounts in London Apr. 29 were 2i^@2i^; dates (May 22 and May 23) when a panic might surely be
As a matter of fact, the tone of the market
at Paris they were lH@^Ji (after having been 2)/^ early in looked for.
Silver began to improve about that date and the latter part of the
the month) and at Berlin and Frankfort 2i^@2%.
Some of the
in London advanced from 25 13-lOd. Mar. 31 to 2G5^d. month a fairly substantial recovery ensued.
local properties were affected unfavorably by adverse legisApril 17, and was 26 ^d Apr. 29.
lation, particularly the gas stocks, and both the Consol. Gas
MAY. Current Events. The Russian fleet, after keeping Co. and the Brooklyn Union Gas Co. reduced their dividends.
international affairs in a state of ferment the early part, met The recovery in the market was aided by quite positive stateAt one time it seemed as ments that friction between the Hill-Great North, interests
its doom the latter part of May.
and the Harriman-Un. Pac. people had been in great measure
if a rupture of relations between Japan and France would
ensue owing to the continued stay of the Russian fleet in removed. The theory found support in an agreement
French territorial waters near Indo-China; but May 27 the reached between the Un. Pac. and the No. Pac. for the joint
fleet boldly sailed into the Straits of Corea, and on that and construction of a new railroad in the Clearwater district in
The mar- Idaho concerning which dispute had existed for years. Gt.
the next day was almost completely annihilated.
kets, which had been weak, evinced strength after the event North, stock dechned from 290 May 15 to 205 May 22, and
on expectations that early peace would result. A reaction closed 280 May 31. No. Pac. stock, which sold up from 109 J^
Un. Pac.
in the iron and steel trade, however, developed suddenly and May 1 to 190 May 15 closed May 31 at 180^.
unexpectedly. The cause was not obvious except that com. from 124^ May 12 declined to 115 May 22, with the
production, having enormously increased, had temporarily close May 31 123 5/^; the shareholders May 5 approved the
overtaken consumption. The teamsters' strike at Chicago proposed $100,000,000 new pref. stock, no serious opposiU. S.
continued, all attempts at a settlement having failed. There tion (contrary to expectations) having developed.
was renewed agitation of the question of railroad rate regu- Steel Corporation shares were weak on the reaction in the
lation, which, owing to its source, proved disturbing. Presi- iron trade and their fluctuations indicate pretty weU the
dent Roosevelt in a speech at Denver, after a long trip for general course of the market during the month; the com.
recreation, took occasion to reiterate his views and spoke declined from 33 1^ May 2 to 24 J^ May 22 and closed 273^
strongly both in favor of railroad regulation and national May 31; the pref. dropped from 105^ to 90% ex. div., and
to 73,
Tenn. Coal & Iron dropped from 87
supervision of corporations.
Secretary Taft of the War closed at 941^.
Department, at a dinner to the International Railway clo.sing at 773^. Among the raflroad shares Mil. & St. Paul
Congress at Washington, expressed himself very emphatically was very active and strong at times; the low point was
Pa.ssing east on his join-ney home, Mr. lG83/g May 4 and the high 179% May 17, with the close
to the same effect.
Roosevelt was presented at Chicago on the 10th with a May 31 174 J^. Chic. & North West, shareholders were given
petition from the striking teamsters
a most remarkable the right to subscribe at par for new com. stock (for about
document, which protested against thejjuse of force in sup- $10,009,000) to 15% of their holdings. Leh. Coal & Nav.
Del. & Hud. shareincreased its dividend to 8% per year.
Eressing disorder and lawlessness growing out of the strike
ut the President took occasion to rebuke the spirit displayed. liolders received the right to subscribe at par for $10,000,000
As an indication of the less confident tone in investing circles, new 40-year 314% bonds of the Alb. & Susq. RR. to be
the subscriptions from the shareholders of the Pennsylvania dated Apr. 1 1900 and carrying the right of conversion into
The
convertible bonds Del. & Hud. stock at any time prior to Apr. 1 1910.
RR. for the company's $100,000,000
aggregated less than 10% of the issue. The Merchants' Interborough Rap. Trans. Co. sold $10,000,000 4% notes
Trust Co. of this city, a small concern which had been in due May 1 1908. The Lake Shore & Mich. So. sold to J. P.
trouble for over a year, was closed May 23 by the State Morgan & Co. the last $10,000,000 of its $50,000,000 4%
Banking Department. In Boston, the brokerage firm of gold debentures due 1928. Kuhn, Loeb it Co. offered at 98
Burnett, Cummings & Co. suspended May 25 with l^i and int. $25,500,000 of the $30,000,000 5% cum. pref. stock
million liabilities.
The failure was attributed to the finan- Series B of the Amer. Smelters Secur. Co. guar, by the Amer.
cing of \nifortunate street railway properties.
The Agri- Smelting & Ref. Co.; news also came that the latter had accultural Bureau report on winter wheat May 1 was very good, quired a majority interest in the Fed. Min. & Smelting Co.
showing an average of 92.5 with an increase in the acreage, A modified plan for the reorganization of the Seaboard Air
but the spring was cold and backward with excessive lains Line Ry. Co. by the creation of a holding company called
in certain sections, and there was renewed speculation in both the Seaboard Co., with $72,000,000 stock, so as to render
wheat and corn. July wheat in Chicago advanced from Hl% ineffective the opposition of the minority interests, was
May 1 to 91 'K May 25, with the close May 31 at SOJ^. Mid- promulgated. U. S. Rubber Co. acquired control of the
dling uplancl cotton in this market rose from 7.85c. April 29 Rubber Goods Mfg. Co., and increa-sed its stock for the
The voting trust in Kansas City Southern RR.
to 8.85c. May 31.
Print cloths at Fall River were reduced purpose.
from 2^e. to 2 21-32c. Under the call of the previous monlli having expired, new interests succeeded to conti'ol. Detroit
$14,208,000 of public funds were surrendered by the banks Southern RR. was sold at foreclosure.
May 15. (government deposits in the banks June 1 were
The Money Market. Except for an advance in call money
reported as $78,457,793, against $88,257,004 May 1.
The May 31 to 4%, owing to the calling of loans preparatory to
effect of the releas? of bonds through this reduction of de- tiie disbursement of the 1st of June interest and dividends,
posits was to further stimulate the increase in bank circu- the mon(\v market renuiined easy throughout May, notwithlation, and the total of notes outstanding secured bv bonds standing the transfer of Government deposits from the banks
was $456,239,090 May 31 against $449,147,703 April 30. into Sul)-Treasunes and notwithstanding the payment of
Treasury money holdings Jime 1 were $289,248,071, against about $50,000,000 on account of the Japanese loan for
$280,071,355 May 1. In the Equitable Life controversy, in $75,000,000 negotiated the previous week. The latter,
the suit of Franklin B. Lord as a stockholder, Justice Maddox however, was allowed to remain on deposit with the syndiin the Supreme Court granted the motion enjoining the pro- cate, subject to future disposition by the Japanese Governposed plan of " mutualization" of the Society. The Frick nuMit. The range for call loans for the month was 1 H@4%.
investigating committee submitted its report, severely ar- Time loans at the close were 3 for 30 to 00 days, 3J<( for 4 to 5
raigning both the Hyd(i and the Alexander factions; acri- nu)nths, 3\i@3]/2 for
months ;uid 3^t for longer dates.
monious discussions in the board of directors followed. The Commercial paper was then Sl/^iff'A for double names, 3%@i
U. S. Supreme Court in the (;!hicago Board of Trad(> eases for the best single names and 4}4((i}5 for good single na
Time money was unaffected
the range on call was 2140)A.
and the close was 3M f"'' 60 to 90 days, 3}/^ for 4 to 6 months,
and :^M for 7 to 8 months commercial paper being
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THE CHRONICLE.
14
Surplus rcsorves, after reaching $18,729,425 May 6, declined
to $8,219,975 May 20. recovering to $11,465,800 May 27.
Money holding.s fluctuated Ic^.-* tiian miglit have been su])posed considering the payments into the Treasury; from
$304,703,900 Mav (3 there was a decrease to $299,507,900
Mav 20, with a recoverv to .$300,248,100 May 27. Loans,
after
declining
May
increased to
51,120,420,800 May 20 and were $1,111,003,400 May 27.
Deposits rose from $1,143,897,900 Mav 6 to $1,165,151,700
May 20 and then fell off to $1,155,129,200 May 27.
Foreign lixchanqc Silver, Etc.
Until about the last seven
daj's, foreign exchange was strong and higher.
The strength
was due in part to extensive liquidation in this market of
American securities for London account, in part to a demand
for bills for the settlement or exten.sion of maturing finance
bills (which there was no inducement to renew because of
the low money rates here) and in part to a demand to remit
for the payment of .such portion of the $30,000,000 So.
Pac. Co. 43^% bonds maturing June 1 held abroad and not
exchanged for new 4% bonds. There were also fears that
part of the proceeds of the $75,000,000 Japanese foreign loan
might have to be transferred to the other side. The latter
part of the month, with the Japanese naval victory, and the
improvement in the London stock market occasioned thereby,
there were considerable purchases here of American stocks
for London account, and this, with the resumption of the
drawing of finance bills and the negotiation of sterling and
franc loans, caused a decline in sterling at the close.
The
high point was May 23 when 60-day bills were 4 8530 @4 8540,
.sight
bills 4 8720
4 8725 and cable transfers 4 8750
4 8755.
The close Mav 31 was at 4 8505@4 8515. 4 8695@
4 87 and 4 8725 @4 8730.
Open market discounts at London May 31 were 23/g, at Paris li4@l^. and at Berlin and
Frankfort, 2^@2>^.
The Bank of England was able to
add materially to its bullion holdings, the demand for gold
on French account having abated. On a demand for India
and the East, silver in London touched 27 5-16d May 24.
The close May 31 was at 26 13-16d.
$1 ."092,121 ,900
to
6.
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JUNE.
@
Current Events.
— Developments in foreign
affairs
unusually important this month. President Roosevelt
was unremitting in his efforts to get Russia and Japan to enter
into negotiations for the conclusion of peace, and on the 10th
was able to announce that definite arrangements had been
reached for the convening of a peace conference. The relations between France and Germany, however, became
strained on account of the dispute over Morocco, and on
June 6 Foreign Minister Delcasse was forced to resign; there
was talk even of the possibility of war between these two
countries.
Germany proposed an international conference
on the question to which France finally gave assent but only
after the scope and powers of the conference had been limited
"U'ere
,
,
between Norway and Sweden
Norwegian
Storthing June 7 in declaring the union with Sweden dissoh^ed.
Russia's internal troubles again became very serious,
and
strictly defined.
also
became disturbed, owing
"
to the action of the
notwithstanding the promise by the Czar of a popular assembly to his people and one of the startling events was a mutiny
on the Kniaz Potemkin, a large Russian warship, as a result
of which the city of Odessa was left for a time at the mercy of
a mob, who burnt the shipping and destroj^ed much other
property. The Black Sea Squadron having been sent to bring
the mutineers to terms, the crew of the Georgi Pobiedonosetz
also mutinied, but subsequently repented and surrendered.
The Kniaz Potemkin was finally surrendered by the inutineers on July 8 to the Roumanian authorities at Kustenzi.
A boycott was inaugurated in China against American goods;
the movement spread and assumed cjuite serious dimensions
The action was the outgrowth of a
in subsequent months.
very bitter feeling aroused in China over the enforcement of
our Chinese Exclusion Law. One of the minor events was
the dismissal from the diplomatic service of Herbert W.
Bowen, foriner Minister to Venezuela, owing to his having
given currency to stories connecting Assistant Secretary of
State Francis B. Loomis with certain scandals concerning
Venezuelan affairs. Mr. Loomis was retained in his position
for the time being, though receiving a rebuke for having
allowed himself to become mixed up in business investments
The dissensions in the Equitable Life Assurin Venezuela.
ance Society at length took a favorable turn. After the resignation of some of the mo.st prominent directors, the announcement came late on June 9 that $50,200 of the Equitable Co.'s
capital stock of $100,000 had been purchased from Mr. James
H. Hyde by Thomas F. Ryan (Mr. Ryan paid $2,500,000 for
his purchase), who at once placed the voting power on the
stock thus acquired in the hands of a board of trustees, consisting of ex-President Grover Cleveland, Morgan J. O'Brien,
Presiding Justice of the Appellate Division (First Department) of the Supreme Court of this State, and George Westinghouse. President of the Westinghouse Elec. & Mfg. Co.
As part of the same arrangement, Paul Morton, Secretary of
the Navy, was elected Cliairman of the board of directors
with plenary power, this new office, however, being abolished
the next month when Mr. Morton was made President. The
resignations of President James W. Alexander, Vice-President
J. H. Hyde and several other officials were accepted and important economies in administration effected. The Agricultural Bureau report made public June 10 indicated less impairment in winter wheat than had been feared, the condition
vune 1 being given at 85.5 as against 92.5 on May 1 and 77.7
,
'
Affairs
[Vol. Lxxxii.
on June
1 in 1904.
The spring w^heat condition was hkewise reported high
In cotton a violent .speculation
93.7.
again broke out, with suggestions (which were confirmed the
next month) that the Agricultural Department at Washington would in its report July 3 show a very low average of con-
—
dition.
Middling upland in this market, after shading off
from 8.85c. May 31 to 8.40c. June 5, sharply advanced and
touched 10.15c. June 30, with a further sensational ri.se in
July.
Print cloths advanced from 2 21-32c. to 3c.
Government deposits in banks were reduced from $78,457,793 June 1 to $76, .560 .862 July 1; but cash in SubTreasuries increased from $289,248,071 to $292,620,144.
Bank circulation secured by bonds increased from $456,239,096 to $462,669,414. The N. Y. State Legislature was convened in extraordinary ses-sion June 21 to consider charges
against Supreme Court Justice Warren B. Hooker.
The
Legislature adjourned July 20, the resolution for Hooker's
removal having failed in the House, the vote being 76 yea and
67 nay, wdiereas a two-third vote is required. The Legislature before adjournment adopted a resolution providing for
a joint committee of Senators and Assemblymen to make an
investigation of the operations of life insurance companies.
Early in the month Governor Higgins signed the new mortgage tax bill imposing in lieu of the previous general property
tax an annual tax of 3^ of 1% on all mortgages recorded in the
State after July 1 1905, with certain specified exceptions.
The Lewis & Clark Expo.sition was opened at Portland, Ore.,
on June 1. Whitelaw Reid replaced Joseph H. Choate as
American Ambassador to Great Britain. Another Brooklyn
trust company
the People's withdrew from Clearing
—
House
—
privileges.
—
Railroad Events and Stock Exchange Matters.
Business on
the Stock Exchange fell to a very low level but the latter part
there was a decided revival of activity and a cjuite marked appreciation in values.
The new State law impcsing a tax of
$2 per 100 shares on stock transfers went into effect June 2.
The first signs of improvement occurred on Saturday, June 10,
with the settlement of Equitable Life affairs and the receipt
of definite assurances that Russia and Japan would enter a
peace conference. After the close of bu.siness that day the
appearance of the Agricultural Bureau monthly report with
its favorable promise for wheat furnished a further stimulus.
About the
Nevertheless, this spurt of activity soon died out.
21st, however, renewed animation became apparent, and that
movement continued until the close. The semi-annual dividend on Reading com. was increased from IJ^ to 2%; the
Atlantic
stock advanced to 100^ June 29 from 913/8 June 2.
Coast Line rose from 1483^ to 165; Mil. & St. Paul com. from
1705^ to 178; 111. Cent, from 157M to 167 J^; N. Y. Cent, from
13834 to 146 K; Pennsylvania from 133% to 141%; Un. Pac.
com. from 119% to 129; &c., &c., the high figures being
reached the latter part of June. U.S. Steel shares were also
strong, the com. rising from 253^ to 3234 and the pref. from
Amalgamated Cop91 to 100 between June 2 and June 27.
per was weak after the publication of the company's report
(the first official information ever furnished by the concern)
and dechned from 84% June 5 to 77 }4 June 7, but closed
June 30 at 813^. Interborough Rap. Transit Co. increased
N Y Ont & West
its quarterly dividend from 1 3^ to 2
after the 3% special dividend paid on the com. stock the previous January under the plan for terminating the voting
The semitrust, declared another 1%%, payable July 31.
annual div. on Phila. & Erie com. was increased from 2 to 3%.
Texas Central Ry. declared an annual div. of 5% on the com.,
comparing with 23^% in the years preceding. Corn Products Co. decided to omit the ciuar. div. on pref., after having
reduced it in April from l^/ito 1%. J. P. Morgan & Co. and
Clark, Dodge & Co. offered $23,859,000 Illinois Div. 4%
bonds of the Chic. Burl. & Quincy RR., $19,699,000 going to
take up prior bonds maturing July 1 1905; these w'ere the
bonds which J. P. Morgan & Co. had contracted for the preClev. Cin. Chic. & St. L. Ry. authorized
vious November.
the issue of $11,300,000 new com. stock and $7,600,000 was
Control of the Ann ArborRR.
offered to shareholders at par.
was sold to the Det. Tol. & Iron. RR. for $5,500,000 of the
latter company's 33^-year 5% notes; see V. 80, p. 2620.
J. P. Morgan & Co. and Kidder, Peabody & Co. oflfered $15,000,000 50-year 4% deb. bonds of the N. Y. N. H. & H. RR.
Co. issued to retire notes created in connection with the purchase of a majority interest in the N. Y. Ont. & West. Ry
Chic. & Alton RR. .sold $5,000,000 50-year 3% ref. bonds.
Chic. & East. 111. RR. made a ref. and imp. mtg. for $55,000.000 4% and sold $5,000,000 of the same, E. H. Harriman
and George F. Baker were elected members of the executive
committee of the Erie RR. General Rubber Co. authorized
$9,000,000 10-year 43^^% deb. bonds, of which $6,000,000
were immediately issued. Penn. RR. began running 18-hour
trains between Chic, and N. Y. June 11 and the N. Y. Cent,
reduced the time of its 20th Century Limited on June 18 from
20 hours to 18 hours. The Central's 18-hour train met with a
dreadful accident, in which many lives were lost, at Mendon.
Ohio, and the company thereupon temporarily discontinued
the 18-hour service, which, however, was resumed when it
appeared that the accident had occurred through no fault of
the company.
The Money Market. Money remained easy, though on the
last day (June 30) there was a spurt in call loans to 6%, occasioned by preparations for the large 1st of July interest and
tUvidend disbursements. On June 8 the amount remaining
here to the credit of the Japanese Government, $56,000,000,
,
%
,
—
.
.
.
.
.
—
Jan.
()
THE CHRONICLE.
1000
on the previously negotiated Japanese loan, was distributed
nmong local banks and trust companies. The Secretary of the
Treasury announced that the final instalment of the call of
April 5 for moneys held by the dejiositary banks, which would
have been payable July 1 would not be recjuired until July 15.
Bank money holdings, which were $290,1(39,700 June 3, inSuri)lus reserves, which
creased to $303,168,600 by July 1.
were $6,0.50.275 June 3, stood at $15,094,675 June 24, but declined to $11,658,875 July 1, owing to a large increase in
deposits which were reported $1 ,166,038,900 Julv 1 against
Loans were $1,120,869,000 Julv 1
$1 136 477,700 June 3.
against $1,089,520,900 June 10 and $1,101,283,100 June 3.
Time money at the close was 2%@3 for 60 to 90 days, 'S@S}4
for 4, 3^ for 5, 3M@3'M for 6 and 3'M^4 for 7 to 8 months.
Commercial paper then was 3J^@4 for double names, 3%@
4i-^@5 for good single names.
414; for prime single names and
Exchange during June was
Foreign Exchange, Silver, Etc.
somewhat irregular, but fluctuations wer(> within a narrow
The latter part of the month a fall in the rate of exrange.
change at Paris on London and an advance in the price of bar
gold in London led to engagements of $3,328,596 gold at this
Before the whole of the gold iiad
point for export to France.
actually been shipped an advance again in the Paris exchange
on London and a decline in the price of gold bars in London
would have rendered the shipments unprofitable, but the
Bank of France then agreed to pay interest on this special
consignment of gold while in transit. Some recessions in
rates left ]irices Jfune 30 almost exactly the same as June 1
namely 4 8695@4 8705 for sight bills and 4 8725@4 8735 for
cable transfers; but 60-day bills June 30 were 4 8520@4 8530,
Open market discounts in
against 4 8505@4 8510 June 1.
London declined to 1 15-16% by June 30, but in Paris rates
hardened and wei"e 2% at the close; at Berlin and Frankfort
the rate at one time was 2^@2^4 but the close was 2^@
Silver in London fluctuated between 26 7-16d. and
2J^.
273/gd., and closed at 26 13-16d.
,
.
—
,
<
—
JULY. Current Events. Extreme heat was experienced,
the maximum tempertaure in this city July 17, 18 and 19
The heat, however,, was
being respectively 95, 96 and 94.
The teamsters' strike in
beneficial to the growing crops.
Chicago, which had been on the wane for some time, was
definitely abandoned by the men on the night of July 20.
The strikers gained absolutely nothing. A further sensational rise occurred in cotton, influenced largely by the
developments in the Department of Agriculture at WashingOn Monday, July 3, the Government monthly report
ton.
on the condition June 25 was made public and showed a
condition of only 77, against 77.2 the month before.
An
improvement had been looken for, and this report caused
an advance within a few minutes of a full cent per pound.
On July 8 it was announced that Edwin S. Holmes, Associate
Statistician of the Bureau of Statistics in the Department
On July 18 Mr. John
of Agriculture, had been dismissed.
Hyde, the Chief Statistician, handed in his resignation.
On July 26 the Department i.s.sued a revised report on the
current year's cotton acreage, making the decrease in area
planted 14.9% against 11.4% decrease reported in June.
It was stated that the June estimate had been made by Mr.
Hyde "with Mr. Holmes at his elbow prompting him."
After the sharp rise July 3 quotations fluctuated widely.
For middling uplands at New York the low figure was 10
cents July 1 and the high 11.40 cents July 24.
The close
July 31 was at 11 cents.
Print cloths were advanced from
cents.
3 to
Grain prospects continued very encouragWheat began to decline at the very beginning of the
ing.
month, notwithstanding the interruption to Russian wheat
•exports occasioned by the sacking of the city of Odessa.
The report of the Agricultural Department at Washington,
issued July 10, showed less impairment in wheat than had
3%
been feared, and this caused renewed weakness. From 94^
cents July 1, September wheat declined to 87 cents July 18.
A speculation then sprang up, based on rumors of serious
damage to spring wheat in the Northwest from black rust,
and by "July 21 the price was up to 94 J^- The close July 31
was at 90 cents, it appearing that damage had been comparatively slight.
The iron and steel trades again showed signs
of animation, and some advances in prices were established
after the previous down turn
The prosperity of the copper
trade was evidenced by a further increase in the dividend
on Amalgamated Copper and by the declaration of the first
dividend on the com. stock of the L^nited Copper Co. the
Heinze enterprise. The breaking out of yellow fever at
New Orleans was an unfavorable event, resulting in the
establishment of rigid quarantines against that city and
the State of Louisiana by neighljoring States.
Japan on
July 12 brought out another loan for £30,000,000 ($150,000,000) one-third being allotted this country, one-third to
England and one-third to Germany. Litcrcst was 43^% and
the price 875^ and interest.
The loan was enormously over.
—
.'^ubscribed
both
was appointed
in this country and in Europe.
M. Witte
chief Russian Plenipotentiary to the peace
A suddenly arranged meeting between the
Czar of Russia and Emperor William of Germany in the
Baltic Sea (the two monarclis traveling on their respective
conference.
yachts)
month.
early
attracted
become
much
John Hay,
July
>
,
Mr. Roosevelt persuaded P^lihu Root to
successor.
Charles J. Bonaparte succeeded
Tlie final instalas Secretarv of tlie Navv.
1.
his
Paul Morton
attention the latter part of the
U.S. Secretary of State, died suddenly
15
of the call of April 5 for Government moneys held by
the depositary banks was paid July 15. Government depo.sits w(>re hence reducccl from $76,560,862 July 1 to
$65,715,119 Aug. 1. Cash in Sub-Treasuries increased from
National bank circulation,
$292,620,144 to $301,034,309.
afloat on bonds, increased from $462,669,414 June 30 to
$471,615,771 July 31. In the prolonged heel investigation
a Federal Grand Jury at Chicago on July 1 returned indictments against seventeen officers of the leading packing companies for violation of the Sherman Anti-Trust Law and
against four officials of the Schwartzschild & Sulzberger Co.
By a boiler
for alleged illegal rebating with the railroads.
explosion July 21 on the U. S. Gunboat Bennington in the
harbor of San Diego, Cal., considerably over a hundred of
U. S. Senator
the crcAV were either killed or wounded.
John H. Mitchell, of Oregon, was convicted of using his
ofliice in furtherance of the legal practice of his law firm,
and sentenced to prison. The First Nat. Bk. of Topeka,
Kan., owing to the involvement of C. J. Devlin, was forced
to suspend.
The stock
Railroad Events and Stock Exchange Matters.
market showed strength early in the month following the
1st of July interest and dividend disbursements, then developed weakness on rumors of damage to spring wheat
from black rust, and later became strong again, with the
As
tone quite confident, on denial of the damage reports.
an indication of the course of the market. Mil. & St. Paul
com. opened at 177 July 1, sold at 182>^ July 13, declined
Pennsylvania
to 176i^ July 22, and closed at 181 July 31.
opened at \40'j4 July 1, advanced to 143>^ July 7, declined
U. S. Steel
to 140 July 22, and closed July 31 at 143.
shares were almost uniformly strong and gave tone to the
whole list; the com. from 31^ July 1 sold up to 35>8 July 31,
A feature was the
the pref. advancing from 985^ to 104.
Del. Lack. & West,
large advances in high-pricecl stocks.
touched 4253^ July 31 against 380 July 3. No. Pac. went
to 208 July 20 against 187% July 3; 111. Cent. 1753^ July 28
against 165% July 12; Gt. North, pref. 2943^ July 20 against
281 July 11; Reading com. was again a speculative favorite
and further advanced. Pittsburgh Coal Co. pref. declined
from 64 July 1 to 4514 July 26 on the passing of the dividend, but recovered to 56. Both the Bait. & Ohio and the
Un. Pac. increased the semi-annual dividends on their com.
HL Cent, in declaring the September
shares from 2%to2}X2dividend reneated the }/2% extra paid the previous March.
HunErie declared the first div. on its 2d pref.— 4%.
tingdon & Broad Top Mtn. RR. & Coal Co. paid 3% on its
Bangor & Aroostook
pref. against 23^ the previous Jan.
RR. increased its semi-annual payment from 13^ to 2%.
Amal. Copper made a further advance in its quar. div. to
United Copper made a first div. of 1% on its $45,000,114.
000 com. stock. Bethlehem Steel Corp. (succe.ssor to the
U. S. Shipbuilding Co.) announced a first quar. div. of
on its pref. stock. American Shipbuilding Co. resumed divs.
on its com. stock. Central Leather Co. securities were
the old com.
issued in exchange for U. S. Leather Co.
getting $300 in new com. for $1,000 of old, and the old pref.
$500 in bonds, $500 in pref. and $235 in com. for $1,000
Control of the Newburgh Dutchess & Conn. RR.
old pref.
passed to the N. Y. N. H. & H. R. RR. Co. Stockholders
of the American Woolen Co. were offered the right to subscribe at par for $5,000,000 new 7% cum. pref. stock,
Amer. Steel Foundries decided to issue $3,500,000 bonds
The Supreme Court
to be offered to shareholders at 80.
of Montana reversed the decision of District Judge Clancy
rendered two years previously awarding to United Copper
interests certain ore bodies owned by companies controlled
by the Amal. Copper Co.; see V. 81, p. 509.
The Money Market.— Money remained easy, notwithstanding the transfer of funds from the banks to Sub-TreasThere was a large return flow from the interior and
uries.
the market was also influenced by liberal offerings of funds
which had accumulated as a result of the negotiation of
At the Exchange the range for
the new Japanese loan.
call loans during the month was 1%@33^, with transactions
On time rates at the close were 2%
July 31 at 1%@234.
for 60 days, 3 for 90 days, 3}4@3}4 for 4 months, 3 3^
ment
—
1%%
—
3%@4
©3%
Commercial jiaper
months.
was then i@4:}4 for double names, 434@43^ for prime single
and 43^@.5 for good single names. Surplus reserves were
down to $7,957,825 July 8, but increased the next week to
Money hold$19,523,2.50, and were $15,305,975 July 29.
ings Julv 29 were $315,242,200 against $297,534,100 July 8.
Deposits were $1,199,744,900 as against $1,1.58,305,100
Loans the last two weeks ran up from $1 ,107,308,100
July 8.
for 5
months and
for 6
to $1,144,847,400, and it was stated that this was in great
part due to the negotiation of the Japanese loan
Exchange was weak
Foreign Exchange, Silver, Etc.
The reasons
the first 20 days and rates sharply declined.
were the large offerings of commercial drafts, chiefly
against cotton, and the clrawing of finance bills in expectation that they might be renewed or covered at maturity at
The last 10 days rates took an upward tiun again.
a profit.
A shipment of $1,004,099 to Paris July (i ended the gold
—
Bar gold in London was advanced altogether 5^d.
outflow.
the early part of the month to 77s. 9^d., this being done,
it was understood, so as to outbid French bankers who were
s(>eking to prociu'e the metal which was to arrive in London.
Rates Julv 20
Later llie price was again reduced 3^d.
were 4 8465@4 8475 for 60-day bills, 4 8635@.4 8640 for
—
—
THE CHRONICLE.
16
July 31.
and 4 8665@4 8670 for cable transfers.
quotations were 4 8480@4 8490, 4 864.5@4 8G.50 and 4 8670
@4 8675. Open market discounis at London July 31 were
13<i@l 13-16, at Paris \]4 and at Berlin and Frankfort
2@2J/^. Silver in London again moved upward, and
July 31 was 27 5-16d. against 26 13-16d. June 30.
sight
—
AUGUST. Current Events. Quite contrary to expectations, the Japanese and Russian Plenipotentiaries agreed upon
terms of peace at the Peace Conference at Portsmouth, N. H.
AH the indications seemed to point to failure, but President
Roosevelt was determined to prevent such a result, and in
J.iittle difhculty was exthe end his efforts were successful.
perienced in getting the Russian Commissioners to agree to
recognize the preponderating interests of Japan in Corca; also
to agree that both Russia and Japan should evacuate Manchuria; that Russia should transfer to Japan its leasehold in
Tung Peninsula, including Poit Arthur and Dalny,
and to transfer to Japan the railroad between Port Arthur
and Kunshicn, and to grant to the Japanese certain fishing
Four other conditions, howrights on the Siberian coast.
ever, demanded by Japan were refused, namely (1) that
Russia should reimburse Japan for the cost of the war;
the Liao
(2) that Russian naval strength in the Far East should be
limited; (3) that the Russian warships interned at various
neutral ports be turned over to Japan, and (4) that Russia
cede the Sakhalin Island to Japan. On these four points the
conferees of the two countries became deadlocked, and repeated adjournments were taken to prevent an open rupture.
Finally on 'nstructions from the Mikado the Japanese Com-
missioners gave way on all points except that Sakhalin Island
was to be divided between the two countries, Russia retaining
A
the northern half and Japan getting the southern half.
definite agreement on these terms was reached on Tuesday,
Aug. 29, and our Stock Exchange responded with a great
burst of activity on that day, but this was succeeded on following days by a severe break in prices. A new AngloJapanese treaty of alliance, much broader than the old one,
was announced at the same time. V. 81, p. 1008. Crop
prospects continued exceptionally bright, and grain prices
September wheat in this market declining from 90^
fell off
Aug. 1 to 84 J^ Aug. 30, with the close Aug. 31 at 85c. Accounts regarding the cotton crop were not so favorable.
Middling upland in this market on the 16th was as low as
10.50c.,butby the 28th there had been an advance to 11.35c.,
and the close Aug. 31 was at 10.95c. A threatened strike of
the Lancashire cotton operatives was averted (the masters
granting an advance of 5% in wages) and in this country the
A scarcity
cotton goods trade very considerably improved.
At Fall River
of available supplies of goods was noted.
to 33^c.
The iron and
print cloths were advanced from
steel trades developed renewed buoyancy, though pig-iron
—
,
3^
production continued somewhat restricted. Steel rails for
1906 delivery were fixed at the old figure of $28. Copper became still stronger and touched 17c. The tone at the close
was somewhat unsettled on the predictions of a Boston stock
operator that a severe break was imminent, and on fears that
the cessation of the Russian-Japanese war might diminish
the foreign demand for copper, which had been very heavy.
The Canadian Government promulgated an order providing
that the bounty of $3 per ton on structural steel forms manufactured in Canada should not apply to steel rails. The
bounty on the steel from which the rails are made was not
disturbed see V. 81, p. 671.
The yellow fever at New Orleans continued to spread, and cases of fever were also de-
—
tected at points in Mississippi and likewise in Florida. Money
holdings in Sub-Treasuries further increased from $301,034,309 to $303,769,532, and Government deposits in the banks
were reduced from $65,715,119 to $64,059,172. National
bank circulation (amount afloat on bonds) increased from
$471,615,771 July 31 to $478,786,165 Aug. 31.
A strike was
inaugurated by the telegraphers on the Gt. Nor. and Nor.Pac.
roads, but proved a failure.
The National Association of
Manufacturers of the United States of America was incorporated in New York.
As an unincorporated body this association of manufacturers, with David M. Parry at its head, had
been very prominent for sojne years in asserting the rights of
employers against arbitrary action on the part of the employees.
The American-China Development Co. controlled
by J. P. Morgan and associates arranged to sell the company's
concession for the right to build the Canton-Hankow line, to
the Chinese Government.
A new law went into force in
Texas autliorizing the creation of State banks. By Presidential proclamation the unallotted lands, amounting to 1,069,000 acres, in the Uintah Indian Reservation in Utah were
opened to settlement Aug. 28. The 1st of Sept. 6,000,000
acres in various parts of Texas and forming part of the public
school domain, were offered for sale.
Owing to the collapse
in the price of beet sugar, serious failures in the sugar trade
occurred in France, involving the downfall of some large operators and the suspension of savings banks connected with
leading French department stores.
Railroad Events and Stock Exchange Matters.
Activity and
buoyancy with large advances in prices were tlie prevailing
characteristics on the Stock Exchange until the last two days
The culmination of the upward movement
of the month.
occurred on the 29th with the announcement of the agreement upon terms of peace by the Japanese and Russian PleniThis last event was followed by large realizing
potentiaries.
sales, and at the same time Thomas W. Lawson of Boston
,
—
Vol. lxxxii.
published flaring advertisements in the newspapers announcing that he had organized a $10, 000 ,000 pool to depress values,
particularly the price of Amalgamated Copper, and declaring
that a great break in the price of the metal was imminent.
On the 31st the market became pretty thoroughly demoralized.
In the early rise the anthracite shares were particularly prominent; Ileading com. moved up from 103^ A.ug. 2
to 125'M Aug. 24, and clo.sed at \16J4 Aug. 31; Del. & Hud.
jumped from 193 Aug. 2 to 225 Aug. 22, and closed Aug. 31 at
216^; Lackawanna from 4243^ Aug. 1 touched 470 Aug. 11,
and closed Aug. 31 at 455 bid and 460 asked. Among other
stocks N. Y. Cent., after seUing up from 146J^ to ioG}^,
closed at 149^; Un. Pac. com., after selling up from 129^ to
138^,clo,sedatl31^, &c., &c. The Steel stocks were strong
throughout on the revival in the iron trade, and the com.
stock rose from 34i?4 Aug. 2 to 37
Aug. 29, closing Aug. 31
at 365^.
Amalgamated Copper, after having ri.sen from H3%
Aug. 5 to 88M Aug. 24, dropped the last day to 823/g. recovering later to 833^.
Republic Iron & Steel Co. resumed dividends on its pref. shares suspended in October 1899. Cent.
of Georgia declared the full 5% on all three classes of pref. incomes, the 3rd incomes never previously having received any
return.
Atlantic Coast Line Co. of Conn, increased its quar.
div. from 2 to 2}^%.
Mexican Cent. Ry. Co., Ltd.. sold
$9,000,000 5% 3-year notes to a syndicate of American and
oreign bankers. Wheehng & Lake Erie RR. placed $8,0*0,000 3-yr. 5% gold notes guar, by the Wabash RR.
.A. receiver was appointed for the Pitts. Shaw. & Nor. RR. A call
was i.ssued for 40% of the subscriptions to the $15,000,000
ref.andext. 4i^%mtg.bondsoftheCol. & Southern Ry. The
Gt. Nor. Ry., the Nor. Pac. and other roads made important
reductions in grain rates in the territory east of Montana to
St. Paul, Chicago, &c.
The Western Bank of Denver and
the Denver Savings Bank, in which Leonard A. Imboden was
interested, suspended.
The Money Market. The increased speculation on the
Stock Exchange, together with low bank reserves, caused a
slight stiffening in money rates.
On call the range was 1J4
and 3%, with the quotation Aug. 31st 2@3%. With call rates
above 2% the trust companies which had withdrawn from the
call-loan branch again appeared in the market as lenders.
Time loans at the close were 3J^@33^ for 60 and
for 90 days and 4@43^ for four to six months.
Commercial
paper was chiefly in demand by Eastern buyers, and closing
rates were 434 @4 3^ for double names and 43^@4^ for prime
single and 5@53^ for good single names.
Surplus reserves
fell from $15,305,975 July 29 to $5,498,875 Sept. 2, and
money holdings decreased from $315,242,200 to $297,145,The deposits shrunk from $1,199,744,900 to $1,166,800.
But loans were maintained at relatively high fig587,700.
ures, being $1,136,920,800 Sept. 2, against $1,146,163,700
Aug. 5 and $1,144,847,400 July 29.
Foreign Exchange, Silver, Etc. Exchange fluctuated considerably during August, with no well-defined tendency,
though at the close there was a distinct weakening. One
feature was liberal drawings of new finance bills and renewals
of those which were about maturing, the somewhat firmer
money market here encouraging such operations. On occasions, a good supply of security bills, representing purchases
of American railroad properties for European account, was
On the other hand, whenever there was a recesalso noted.
sion in exchange rates a demand for bills appeared for the
transfer to London of Japanese funds remaining here out of
the proceeds of the Japanese loan negotiated the previous
April.
The conclusion of peace terms Aug. 29 resulted in
still freer offerings of finance bills, the fact that Russia would
not have to pay an indemnit}?^ seeming to be regarded as furnishing assurance that normal monetary conditions would
Accordingly, the tone
prevail in the European markets.
was rather easy at the close. Rates were about at the high4 8490,
est on the 17th, when 60-day bills were 4 8480
sight 4 8675 @4 8680 and cable transfers 4 8705 @4 8710'.
On the 31st. after some recovery from the previous daj^ rates
were respectively 4 8445@4 8455, 4 8635@4 8640 and 4 8660
@4 8670. Open market discounts at the close were 2 at
London, 1% at Paris and 25/^@2'M at Berlin and Frankfort.
On buying for the Continent of Europe, silver in London
sharply advanced, touching 28 ^d. on the 28th; but the announcement that peace had been reached between Russia
and Japan engendered fears that large quantities of silver in
Manchuria would be thrown upon the market, and by the
30th the price was down again to 27Md. The close was at
28d.
K
—
3^@3%
—
@
SEPTEMBER.
—Tension
developed in
country but in Europe.
There was a heavy drain on the N. Y. City banks for money
to move the exceptional harvests of grain, while the U. S
Treasury also drew upon the banks. This led to a demand
by the United States upon the European money centres for
gold.
London was also obliged to meet a drain for South
the
Current Events.
money markets, not onh'
in this
for Egypt and other points, and as Paris seemed
unwilling to part with any of its large stock, the effect was to
produce a rise in discount rates at all the European centres.
Secretary Shaw resumed funding operations, announcing on
the 28th" that, beginning Oct. 2, the 4s of 1907 and the 3s of
consols.
1908 would be received in exchange for the new
See circular in V. 81, p. 1019. Refunding operations continued until Nov. 29. In the exchange the 2 per cents were
given a valuation of 1% premium, as again.st 2% premium on
America and
2%
,
.
Jan. 6
THE CHRONICLE.
190(5.1
17
the lust previous occasion of refunding. Government money Sept. 30. There was a sharp contraction in loans, which were
holdings increased from $303,76<),5:32 Sept. 1 to 11313,257,635 reported $1,071,6.30,300 Sept. 30, against $1,136,920,800
Sept. 2. Deposits were reduced from $1,166,587,700 Sept. 2
l'ul)Uc deposits in the l)anks were .104,059,172 Sej)t. 1
Oct.
and $(31,618,584 Oct. 1. Jiank circulation kept increasing, to $1,080,465,100 Sept. 30.
Foreign Exchange, Silver Etc. As a result of the tension
the amount against iKmds being .15481,688,526 Sept. 30,
The Government monthly in money, a sharp break occurred in exchange rates the early
against ,f;478,786,165 Aug. 31.
croj) report on the 11th furnished definite assurance of excep- yjart of the month. On Sept. 12 $1,275,000 gold was engaged
tionally large harvests of grain. The report on cotton was is- in London for import, this being the first import of the .seasued Sept. 5, and, though showing a lower condition, was bet- son. The usual impecliments were placed in the way of takter than expected, cau.sing a decline in prices. Middling up- ing of gold on the other side, but did not suffice to prevent
lands in New York were 10.95c. Sept. 1 and 10.70c. Sej)t. 7. other engagements later in the month, the gold arriving the
next month; arrivals at New York were $1 ,881 ,936 in SeptemThe rest of the month the range was bc^tween 1 .65c .and 1 1 10c
with the close Sept. 30 at 10. 75c. The statistical committee ber and $7,455,721 in October. The Bank of England rate
of the Southern Cotton Growers' Association issued a state- was put up on the 7th from 234 to 3% and on the 28th was
ment early in the month, announcing that the yield of the further raised to 4%. Tlie Bank of Germany advanced from
in October.
Sept. 1 1 followed by an advance to
growing crop would be 9,588,133 bales, and at a convention of 3% to
the Association it was determined that planters should not From 4 8440CrA4 8450 for 60-day bills Sept. 1 and 4 8630@
4 8635 for .sight bills and 4 8660
4 8665 for cable transfers,
sell their cotton for less than lie. a pound. P'our officials of
the packing firm of Schwarzschild & Sulzberger pleaded there was a decline in rates to 4 8230(rr)4 8240, 4 8495 @4 8505
guilt}^ in the U. S. Di.strict Court at Chicago, to the charge of and,4 8535@4 8545 for the three classes of bills on the 16th—
having accept(>d rebates from the railroads, and were fined 60-day bills being quoted still lower on the 18th at 4 8220@
in the aggregate $25,000. The investigation of the life insur- 4 8230. After that, however, rates again moved upward, and
ance companies by a legislative committee of the State de- bv the 27th prices were 4 8275@4 8285, 4 8565(^)4 8575 and
veloped sensational features. The Czar announced that he 4"'8610@4 8620 for the three classes of bills. The effect of
contemplated calling a second Peace Congress of the nations dearer money at this centre was in part counteracted by
at the Hague. Robert Bacon, formerly of J. P. Morgan & Co., dearer discounts abroad. The spurt in call loans to 7% at the
was ap])ointed Assistant Secretary of State to succeed Fran- close served to weaken exchange again. Prices Sept. 30 were
4 8225 @4 8240 for 60 days, 4 8525 (SH 8535 for sight and
cis B. Loomis. President Roosevelt removed F. W. Palmer,
head of the Government Printing Office. The new Mexican 4 8585 4 8590 for cable transfers. Open market discounts
tariff went into effect Sept. 1 increa.sing duties on numerous at the European centres moved up all around, and at the
articles, including iron and steel products. The Czar ordered close were 334@33/g at London, 23-^ at Paris and 334 at Berthe removal of the discriminating duties against products of lin and Frankfort. Silver in London got as high as 28i^d.,
the United States imposed in 1901 by Russia in n^taliation owing in part to the covering of short sales; but the close
for the countervailing duties exacted by us on Russian .sugar. Sept. 30 wasat28d.
The trans- Atlantic steamship rate agreement was disrupted,
all theBritish and Continental lines following the action of the
OCTOBER.— Cwrreni Events .—Czav Nicholas II. was
Cunard line the previous April in withdrawing; no rate war induced to grant the Russian people a constitution and
resulted
the right of parliamentary government. The step was
The weak- the outcome of a general strike all over the Empire. The
Railroad Events and Stock Exchange Matters.
ness in the stock market which developed at the very close of whole popvdation apparently participated.
Newspapers
the preceding month continued through the early part of stopped publication and the business of manufacturing,
September. After that, however, the tone improved, and of transportation, and of practically everything else, was
prices pretty generally recovered. At the close high money stopped.
The object and purpose appeared to be entirely
rates occasioned some recessions in prices, dealings at the political.
Finally, on Oct. 30, after prolonged labors on
same time being greatly reduced. As indications of the course the part of Count Witte, the Czar signed the decree granting
of the market, Mil. & St. Paul com. opened Sept. 1 at 178^^, a constitution.
A Ministerial Cabinet was created with
fell to 175 Sept. 7, advanced to 1843^ Sept. 23 and closed at
Count Witte as Premier. Under the Czar's decree, the
182M Sept. 30. N. Y. Cent., from 1491^ Sept. 1, sold down State Duoma, previou.sly authorized, but which hacl not
to 145)^ Sept. 7, rose to 1525/^ Sept. 21 and closed at 150 yet convened, is to be endowed with real legislative powers.
Sept. 30. Can. Pac. enjoyed an exceptional advance, rising After the promulgation of the decree the normal course
from 159;}^^ Sept. 1 to 1773/^ Sept. 21 and closing Sept. 30 at of affairs was by degrees resumed, though at Odessa and
Amal. Copper sharply recovered after the attacks other points violent excesses were indulged in, with the
1753^.
made upon it, selling up from 79>8 Sept. 7 to 84^ Sept. 30. shedding of much blood. Race hatred against the Jews
J. P. Morgan & Co. purchased control of the Cin. Ham. & resulted in wholesale massacres the next month, particuDayton Ry. Co., this carrying with it control of the Pere larly at Kishineff. One effect of the Russian disturbances
Marquette RR. and the Chic. Cin. & Louisv. RR., making was to cause a rise in grain prices. December wheat in
altogether 3,643 miles of road. The N. Y. N. H. & 11. RR. this market touched 97^4 Oct. 28 against 883i earlier in
offered to shareholders at par $30,000,000 33^% coup. deb. the month.
The close Oct. 31 was 9634- Cotton prices
certfs., convertible into stock after 5 years (but not later than were again very erratic.
Middling uplands in New York
10 years) on the basis of $150 for the stock. American were the same Oct. 31 as Oct. 1, namely 10.75c.
But
Steel Foundries Co. authorized $6,000,000 6% gold bonds, Oct. 17 the price had been 9.85c.
The early decline was
of which $3,500,000 were offered to stockholders at 80. West occasioned by the monthly report of the Agricultural Bureau,
Jersey & Seashore RR. increased its s. a. div. from 23^2 to 3%. which showed a better condition than had been expected,
Amer. Smelting & Ref. Co. increased its quarterly div. from and the subsequent recovery was due to the holding back
IM to IH%. Sloss-Shefheld Steel & Iron Co., besides the of cotton by planters, to achaces of frost in some sections
s. a. div. of 214% on the com. stock, declared 33 1-3%, payaof the South and to the report issued Oct. 25 by the Census
ble in common stock, this stock dividend representing ex- Bureau showing only 4,940,728 bales of cotton ginned to
penditures out of earnings since the company was organized. Oct. 18 1905 against 0,417,894 bales up to the same date
The Railway Steel Spring Co. declared another div. of
on in 1904. Print cloths at Fall River were marked up from
its common stock, after having paid
in April
the only 334 to 35'^c.
The labor situation at Fall River at one time
other div. on the com. having been in April 1904. Internat. again began to wear a threatening aspect.
Oct. 17 the Fall
Power Co., after having discharged all accumulated divi- River Cotton Manufacturers' Association announced that
dends on its preferred .stock, declared 1% on its $7,400,000 wages would be advanced 5% Oct. 23, with a further
of com. stock
the only previous div. on the com. shares advance dependent upon the margin of profit that the
having been 2J^% in 1902. The U. S. Red. & Ref. Co. de- manufacturers might make. Mr. M. C. D. Borden, howclared 134% quar. on its preferred stock, after suspension ever, posted notices stating that wages at his mills would
since October 1903. Chic. & East. HI. sold $5,000,000 ref. be restored Oct. 23 to the scale in force prior to Jan. 23
andimpt.4sto Redmond & Co. and $2,500,000 434% equip, 1905. This caused dissatisfaction at the other mills with
gold bonds to Blair & Co. The Pennsylvania Company i)aid the proposition offered.
An agreement was finally entered
off its $50,000,000 434% collateral betterment notes issued into Oct. 30 granting an advance of about 9%.
President
the previous year. A settlement of the grain-rate war on Roosevelt made a tour of the Southern States and reiterated
Western roads was effected .sec V. 81, p. 842; a settlement his views regarding railroad rate regulation and the making
was also reached between the trunk lines to the seaboard and of all corporations doing an inter-State business accountthe Western roads to the Gulf ports, and the (-oastwise steam- able to the Federal CJovernment.
At a convention, howship lines, of the sugar-rate war which had lasted so long.
ever, of the Inter-Stat(^ Commerce Law League at Chicago
The Money ilfarA:ei.— Rates advanced in all branches of the Oct. 27, sharp differences of opinion developed, the delemarket, with the rise particularly marked in call money. On gates opposed to tlu^ views of President Roosevelt organizing
Friday I h(- 29th, partly in con.sequence of the calling of loans a separate body imder the name of the Federal Rate Regupreparatory to the 1st of October settlements, and owing to lation Association.
(io\ernment de])osits in the banks
some large- payments in connection with certain bond nego- .slightly increa.sed, ri-sing from $64,618,584 to $65,726,312,
tiations, there was a spurt in call money on the Stock lOx- but cash in Sub-Treasuries was reduced from $313,257,635
change to 7%.
But all through the month the nuirket to $309,559,216. National bank note circulation increased
steadily hardened. At the clo.se time loans were 4 34 ©4 34 from $481,688,526 to $489,937,806.
In pursuance of Mr.
for 60 days and 434 for all longer periods from 90 days to six Shaw's circular, $35,396,000 of bonds were
converted
months. Commercial paper was 434 (^'5 for double names into new
consols during October.
At the annual
and also for prime single names, and 534("^6 for good singl(> meeting of the N. Y. Clearing House, a resolution was
names. Money holdings of the Clearing House banks further adopted looking to the re-establishment of harmonious
dechned— from $297,145,800 Sept. 2 to $276,034,000 Sept. relations between the banks and the trust companies see
23, and were $277,556,300 Sept. 30. Surplus reserves got V. 81, p. 1075.
The yellow fever in the Southern States
down to $4,635,300 Sept. 16, but recovered to $7,440,025 was stamjjcd out. The Lewis & Clark Exposition at Port1
.
,
—
.
.
4%
5%
,
@
@
,
—
2%
—
2%
—
—
2%
—
THE CHRONICLE.
18
land closed Oct. 15. Tlic Enterprise National Bank of
Allegheny, Pa., liokling large deposits belonging to the
State of Penn.-<ylvania failed, and it was eliarged that it
had been wrecked and looted by ])olitieians. Strikes and
lockouts occurred at Cliicago and in many other cities in
th(^ book and job offic<>s, owing to the attempt of the Typographical I'nion to make 8 hours a day's work instead of 9.
Railroad Events and Stock Exchange Matters. The course
of prices on the Stock E.xchange during October was irreguThe anthracite coal shares and some other highlar.
priced properties made further ad\'ances, and the market
Nevertheless,
generally showed a broadening tendency.
prices in most cases were lower at the end of the month
than at the beginning. Some stress was laid upon a newspaper interview with Mr. E. H. Harriman in which Mr.
Harriman was quoted as having said: "I think that we are
about to run into an era of competitive railroad building,
as w^e have gone through an era of competitive buying."
The car equipment shares made sharp advances, influenced
by the large orders for new equipment given by the railroads.
Even here, however, there was somewhat of a
reaction at the close.
Pressed Steel Car com. advanced
from 45 Oct. 12 to 535^ Oct. 23; Amer. Locomotive com.
from 533^ Oct. 2 to 71 5^ Oct. 26; Amer. Smelting & Ref.
com. from 125 J^ Oct. 19 to 139% Oct. 31; and Amer. Woolen
com. from 36 J^ Oct. 12 to 43 J^ Oct. 25. Del. Lack. &
West, rose from 4573^ Oct. 5 to 4983/^ Oct. 16;* Del. &
Hud. from 214 Oct. 6 to 240% Oct. 26; Cent. New Jersey
from 210 to 235, while in Reading com. the transactions
were on an enormous scale and the price moved up from
119% Oct. 9 to 1293/g Oct. 31. Metropolitan St. Ry. and
Met. Securities shares sharply declined.
Amer. Hide &
Leather pref. suffered a further shrinkage on the suspension
of dividends.
Gt. Northern Ry. gave stockholders of record
Nov. 8 the right to subscribe at par for $25,000,000 new
com. stock, the market price at the time being over 300.
Lehigh Valley RR. purchased the entire capital stock of
Coxe Bros. & Co.. together with Del. Susq. & Schuyl. Ry.
Co. and various allied water companies.
To pay for the
same a collateral trust issue was created. The U.S. Independent Telephone Co. authorized a col. tr. mtge. at 5%
for $25,000,000, $17,000,000 to be issued immediately—
a $1,000 bond and voting trust certificates for $400 of stock
being given for each $1,000 subscribed.
The N. Y. & N. J.
,
—
(Bell) Telephone Co. voted to increase its authorized issue
of stock from $15,000,000 to $50,000,000, $3,442,525 being
offered at once to shareholders at par.
The Mobile Jackson
& Kansas City RR. placed the unsold portion of its bond
issues of $8,000,000 with a banking institution of this city,
which disposed of the same in Europe. The Crucible Steel
Co. of America rescinded the authorization of the $7,000,000
bond issue approved the previous year. The Gould interest
in the Wabash RR. were successful at the contest at the
annual election. The Southern Ry. Co. and the Illinois
Cent. RR. Co. jointly obtained a three-year option upon
a controlling interest in the securities of the Tennessee Cent.
RR.
Co. and the Nashville Terminal Co.
The Norfolk &
Western RR. Co. increased the s.-a. div. on its com. stock
from 1}4 to 2%. The Pacific Coast Co. increased the div.
upon tlae com. stock and the 2d pref. from 5% per annum
to 6.
U. S. Cast Iron Pipe & Foundry Co. declared a first
1% on its com. stock.
The Money Market. The monetary tension relaxed somewhat. Early in the month the call-loan rate on several
successive days touched 8%.
Later, however, the tendency was towards lower figures. On the 16th, the payment of the balance due, amounting to about $20,000,000,
on the final instalment for the Japanese bonds negotiated
the previous July, and the loaning out of the money, occasioned a fall in the rate to 3%.
While this low figure was
not maintained, the range after the 20th Avas no higher
than 3@43^, though at the very close there was an advance
div. of
—
to 4@53^ again.
Surplus reserves fell to $4,286,175 Oct. 7,
but, owing to the reduction in deposits, there was a quick
recovery to $12,583,150 Oct. 21, with the amount Oct. 28
Money holdings were reduced from $277,$12,430,925.
556,300 Sept. 30 to $266,750,800 Oct. 14, and then increased to $272,954,000 Oct. 28.
Deposits declined from
$1,080,465,100 Sept. 30 to $1,023,859,400 Oct. 21, and
then rose to $1,042,092,300 Oct. 28. Loans were reduced
from $1,071,630,300 to $1,026,690,100, but the last week
increased again to $1 ,041 ,819,400.
Time money at the close
was
for 60 to 90 days, 4% for 4 months, and 43^@4%
4%@5
4%@5
for 5 to 6 months.
Commercial paper then was
for double names and prime single names, and 53^
for
good single names.
Foreign Exchange, Silver, Etc. The course of exchange
was completely reversed. Early in the month engagements
of gold for import were still being made.
The latter part
there was a discussion of the possibility of gold exports.
The rise in sterling was caused, to a great extent, by a
demand for exchange occasioned by the maturity of large
amounts of finance bills which had been issued earlier in
the sea.son in the expectation that exchange rates would
be at a low figure when the bills matured. Liberal exports
of cotton and other staples had been counted upon, whereas
cotton shipments were on a much smaller scale than in 1904.
The last two days sterling again declined and the market
Oct. 31 closed weak, owing to the fact that the postponement of negotiations for the Russian loan induced liberal
@6
—
"Vol. lxxxii.
offerings of new finance bills.
Sight bills sold as low as
4 8515 Oct. 9; Oct. 27 the rate was 4 8710(5 4 8725.
The
close Oct. 31 was at 4 8660
4 8665.
Cable transfers advanced from 4 8570@4 8580 to 4 8775@4 8785, with the
close
4 8725@4 8730.
Sixty-day bills advanced from
4 8175@4 82 to 4 8340@4 8360, and clo.sed at 4 8305®
4 8315.
The bullion holdings of the Bank of England were
@
further reduced very heavilj', and all through the month
it was feared that the Bank might be obliged to raise its
minimum rate from 4 to 5%, and that the Bank of Germany, which, early in the month, had already put up its
rate to 5%, would also have to increase its rate further.
Open market discounts at all the European centres continued to harden.
At London the quotation Oct. 31 was
4@43/g, at Paris 2:%@3, and at Berhn and Frankfort, 43^.
Silver in London got up to 28 15-16d.
The close was at
28j^d.
NOVEMBER.— Current Events.— Afiairfi in Rus.'^ia went
from bad to worse; early in the month a mutiny of the
soldiers and sailors at Cronstadt occurred.
The Czar abolished the dictatorship in Finland and granted the demands
of the Finns by convoking the Finnish Diet for Dec. 20.
He
also granted land concessions to the peasants in Russia and
in fact made concession after concession, but all apparently
without avail. Disorders kept spreading in all directions,
and on the 25th the sailors at Sebastopol mutinied and later
several warships joined in the revolt.
A regular land and
sea battle resulted at that point in which the rebel forces
were defeated.
Russian 4s sold as low as 79.
A new
Japanese loan for £50,000,000 was announced, only £25,000,000, however, being issued at once, the proceeds to be
used in taking up internal war loans. The feature of this
loan was the assignment of £12,000.000 out of the £25,000,000 to Paris, which had previously been the chief market for
Russian securities; only £3,250,000 was assigned to New
York, £3,250,000 to Berlin and £6,500,000 to London.
Interest was 4% and the issue price 87.
The loan was largely
oversubscribed.
The allied European Powers made a naval
demonstration in Turkish waters to compel Turkey to execute
her pledges for financial reforms in Macedonia.
The Porte
yielded the next month.
Representatives of the great labor
,
organizations connected with railroading registered a protest
with President Roosevelt against the proposed railroad rate
legislation; V. 81, p. 1457.
In the hotly contested Mayoralty canvass in New York City the face of the returns showed
the re-election of Mayor Geo. B. McClellan, but William R.
Hearst, the Municipal Ownership candidate, disputed the
result and began a contest in the courts, in which he was defeated.
A feature of the election results throughout the
country was the success of reform movements nearly everywhere, and the overthrow of political bosses and rings, including the political machine in Philadelphia and Penn.sylvania.
The monetary tension in New York became quite
pronounced, and there were suggestions that Government
deposits in the banks would be increased
but this
proved unfounded. Such deposits Nov. 30 were $65,607,937,
against $65,726,312 Oct. 31.
Money holdings in Sub-Treasuries were $316,489,856, again.st $309,559,216.
National
bank circulation increased from $490,037,806 Oct. 31 to
$497,616,304 Nov. 30. The Secretary suspended refunding
operations on the 29th the old bonds refunded were $52,-"
416,900, of which $39,425,400 were 4s and $12,991,500 3s.
Middling uplands cotton rose on unfavorable weather reports from 10.75c. Oct. 31 to 11.80c. Nov. 9, but by the 15th
the price was down again to 11.05. owing to inore favorable
weather conditions and the fact that the Census report
issued on the 8th, indicating the amount ginned to Nov. 1,
showed a larger total than looked for. On the 21st, however,
another Census report, bringing the figures down to Nov. 14,
and showing only 7,498,167 bales ginned in 1905, as against
9,786,646 bales in 1904, caused intense excitement, and
within a few minutes future options advanced a full cent; by
the 27th the price was 12 cents, the close Nov. 29 being 11.80c.
Further sensational disclosures occurred in the legislative
investigation of the New York life insurance companies.
Pres. Richard A. McCurdy and other members of his family
retired from the Mutual Life Insurance Co.; the next month
George W. Perkins resigned as Vice-Pres. of the New York
Life Insurance Co., and at the very close of the year J. A.
McCall resigned as President. In N. Y. State some important constitutional amendments relating to debt and taxation (including one authorizing the Legislature to create a
debt of $50,000,000 for the improvement of highwaj^s) were
adopted; also one giving the Legislature power to regulate the
wages and hours of labor of employees on public works see
V. 81, p. 1865. Ju.stice Giegerich in the Supreme Court
held the mortgage tax law of N. Y. State, passed the preThe Appellate Division of the
vious spring, constitutional.
Supreme Court (2d Department) sustained the interlocutory
judgment granted in May by Justice Maddox in favor of'
Franklin B. Lord restraining the plan then proposed for the!
mutualization of the Equitable Life Assurance Society,
though affirmance was not on the ground that stockholdorSj
had a property right which could not be taken away froini
them. The U. S. Supreme Court sustained the validity ofj
the Missouri State law making 8 hours a day's work in mines.
It also sustained the constitutionality of the Iowa State law
prohibiting in.surance companies from entering into agreements to fix rates of insurance or the commissions of agents.
;
—
—
—
,
Jan.
THE CHRONICLE.
1900.]
19
Senator Joseph R. Burton of Kansas was convicted of The high price encouraged Mexican bankers to sell silver and
traffic of his iiifliienc(>, and sentenced to jail.
Presi- import gold, and $1,850,000 gold was withdrawn from the
dent Roosevelt dismissed William S. Leib, Asst. U. S. N. Y. Sub-Treasury for shipment to Mexico.
Treasurer at Philack-lpliia, for violation of the civil service
DECEMBER. Current Events. The situation in Russia
law. Prince Charles of Deinnark became King of Norway.
Armed uprisings occurred at many
Deai' money, became desperate.
Railroad Events and Slock Kxchanc/c Mailers.
The very existence
the deplorable situation in liussia and the large Hearst vote points, but especially at Moscow.
and contest were unfavorable influences early in November. of the Czar's Government seemed to be at stake. The
The lowest prices in many instances were reached on the 13th situation was pai-ticularly serious because of the interrupwhen call money touched 25%. Tiiereaftcr the market tion of telegraphic communication by reason of a strike.
sharply recovered and the latter part of the month sensa- The slain in Moscow, according to the reports, ran up into
There was a the thousands. All the financial bourses in Europe were
tional advances in special properties occurred.
revival of the old rumor of a coming consolidation of the seriou.sly disturbed at the beginning of the month, it being
Southern iron and steel properties. Tenn. Coal & Iron sold feared that Russia would have to default in the interest
up from 9034 to 129, closing at 123; Sloss-Sheffield Steel & on its bonds. On the 5th, hpwever, M. Rouvier, the
The copper French Finance Minister, gave assurances that Russia had
Iron com. from 693^' to 9.'53-'2. closing at 89.
stocks, on the strength of the copper market, were distin- on deposit at European centres gold sufficient to meet
This relieved
guished in the same way, Anaconda Copper Mining rising interest on its foreign debt for two years.
from 115 to 158 and closing at 156; Amal. Cojiper from 783<^ anxiety and the latter part of the month, with the inclicato 90i^, clo.sing at 89 i^; Amer. Smelting & Ref. com. from tions pointing to the success of the efforts to suppress the
137 to 1573/^, clo.sing at 152; Federal Min. & Smelt, from 115 insurrection, the tone in financial circles abroad improved.
Among the standard railway stocks, Russian imperial 4s in Paris, which had sold as low as 77,
to 145, clo.sing at 140.
Un. Pac, from 1333^ Nov. 1 declined to 127;*^ Nov. 13, then recovered to 813^. Great tension again developed in our
advanced to 1383^ Nov. 27, and closed at 135^ Nov. 29. local money market, but the speculation for higher prices
N. Y. Cent., from 152;% Nov. 2, fell off to 1473^ Nov. 13 and on the. Stock Exchange continued.
On Monday Dec. 18
Reading com. touched 143^4: Nov. 8 it was announced that three Chicago financial institutions
closed Nov. 29 at 150.
but closed at 1363^. N. Y. Cent, announced a proposed in- controlled by Mr. John R. Walsh the Chicago National
crease in its stock from $132,250,000 to .1150,000,000, of Bank, the Equitable Trust Co. and the Home Savings
had got into financial difficulties and would go into
of which $17,192,500 was offered to shareholders at par. Mil. Bank
& St. Paul definitely announced an extension to the Pacific liquidation. Fortunately the announcement was accomCoast— 1,500 miles, at a cost of about $60,000,000. Del. panied by the statement that, under a guaranty of the
Lack. & West, repeated its extra div. of 10%, this being Chicago Clearing House, all depoisitors would be paid in
additional to the regular 10% per annum. At. Coast Line RR. full on demand.
It subsequently turned out that the assets,
increased the s.-a. div. on its com. stock from 2J4 to 3%. which consisted largely of railroad properties controlled by
N. Y. Phila. & Norf. RR. declared 2% extra in addition to Mr. Walsh, were substantial and valuable. In Memphis'
American Soda Fountain Co. sus- Dec. 27 the Merchants' Trust Co. failed, dragging down
the s.-a. payment of 4%.
pended on its 1st pref. International Salt began paying some small allied institutions. The buoyancy in the iron
Amer. Tobacco Co. declared 10% extra on the com. and steel trades made still further headway. It was andivs.
Republic Iron & Steel Co., besides the
stock.
quar. on nounced that under the profit-sharing plan of the U. S.
pref., declared 1^8% on account of deferred divs.
Gen. Steel Corporation, the employees would be allowed to take
Elect. Co. called a meeting to authorize an increase in the pref. stock for 1906 at par. Copper advanced still further,
stock from .$48,325,500 to $60,000,000, and $6,033,000 of to 193^ c.,the highest figure in years, and many of the
the new stock was offered to shareholders at par.
N. Y. & copper companies again increased their dividends. Cotton
N. J. Tel. stockholders were offered $3,442,525 new stock at was strong early in the month on a low estimate of the
par, out of the increase authorized the previous month. yield by the Agricultural Department, but declined later
South. New Eng. Teleph. shareholders approved an increase on the issue of ginning reports by the U. S. Cen.sus, showing
in the authorized stock from $5,000,000 to $10,000,000. more cotton ginned than expected.
Middling uplands in
The syndicate holdings of Little Kanawha RR. stock were New York was 11.65c. Dec. 1 and 12.60c. Dec. 6, butll.90c.
acquired by the Pitts. & Lake Erie RR.
a Vanderbilt line. Dec. 30. Planters were urged to hold their cotton for
Pennsylvania RR. arranged to exchange its stock for Al- 15 cents. Print cloths advanced from 3^ to 3^c. The
legheny Valley Ry. pref. on the basis of $56.25 of Penn. New York Mayoralty contest was settled by a decision of
stock for $100 of All. Val. pref.
J. P. Morgan relieved th(> the Court of Appeals that the Courts have no right, under
Erie RR. from its proposed purchase of the Cin. Ham. & the election law, to order the opening of ballot-boxes and
Dayton Ry.; the Erie board, however, determined to pro- a recount of the vote. A certificate of election was issued
ceed with the sale of the $12,000,000 conv. bonds, as pre- to Mayor McClellan later in the month.
A change in the
viously authorized.
The suit of Receiver Geo. W. Pepper British Ministry occurred, Mr. Balfour resigning, and being
on behalf of the Bay State Gas Co. against Thos. W. Lawson succeeded by a Liberal Ministry under Sir Henry Campbelland Lawson, Weidenfeld & Co. was settled out of court for Bannerman. Money holdings in Sub-Treasuries were $323,$350,000.
Harvey Fisk & Sons purchased $8,000,000 of a 086,024 Dec. 31 against $316,489,856 Dec. 1.
Government
new issue of $12,000,000 of Bethlehem Steel Co. bonds and deposits in the banks were $64,764,367 against $65,607,937.
took an option on the remaining $4,000,000.
When the monetary stringency was most pronounced,
The Money Market. The pressure in money again in- rumors were renewed that Secretary Shaw would make a
creased.
Call loans had been quoted as high as 15% when, large increase in these deposits, but no action to that effect
on the 11th, the return of the banks showed a deficiency of was taken. The Secretary, however, did anticipate the
$2 ,428 ,800 below the 25% reserve. The following Monday (the January 1 interest on the debt, paying it Dec. 15.
National
13th) there was an advance in rate.> to 25%.
These rates at- bank circulation was increased from $497,616,304 to
tracted large offerings and by the 17th rates had receded to $504,842,313.
Congress passed arf emergency bill appro4@7%. The last business day there was a spurt to 9 again. priating $11,000,000 for the immediate needs of the Panama
On the 18th reserves were restored, a surplus of $2,915,150 Canal Commission. President Morales, of Santo Domingo,
being reported, and by the 25th the surplus was up to $9,157,- fled, and there was much speculation as to what effect
100.
Money holdings Nov. 25 were $258,951,-500, against this would have upon the Treaty negotiated by him with
$252,682,400 Nov. 18 and $265,548,900 Nov. 4.
Loans were the United States and awaiting action in the IT. S. Senate.
$1,012,288,300 Nov. 25, against $1,058,272,400 Nov. 4, and A treaty was entered into between Japan and China by
deposits $999,177,600 Nov. 25, against $1,052,778,500 Nov. which the latter consented to the lease to Japan of the
4.
For time money a small commission was charged on the Liao-Tung Peninsula formerly held by Russia, the same
13th in addition to the legal rate, bringing the rate up to to expire in 1923, and agreed to open to the world's comabout 8% for 60 days and to 7% for ninety days. At the merce 16 principal ports and cities in Manchuria.
clo.se rates were
Railroad Events and Stock Exchange Matter.^;.
51^2®^% for sixty days, 53/^@53^ for
Extraorninety days, 4%@5 for four months and 5% for five to six dinary buoyancy continued on the Stock Exchange in face
months; rates for commercial paper then were 5}/2@"'^H for of the extreme tension in the money nuirket, and further
double names and prime single names, and 6% for good sensational advances occurred.
Unfavorable events, of
single names.
which there were a few, passed almost unnoticed. Stock
Foreign Exchange, Silver, &c.
At the beginning of No- Exchange memberships sold up to $95,000, surpassing by
vember the tendency of exchange was upwards, but the far the best previous record and comparing with $77,000
tension in money induced liberal drawings of loan bills and at the close of 1904.
On Monday Dec. 18 the market was
also led to speculative sales of exchange, with the view to em- put to a severe test.
The div. on Rock Island Co. pref.
ploying the proceeds in this nuirket.
Rates conseciueiitly stock had been passed the previous Friday (explaining the
declined.
The lowest quotations were about the 13th (when preceding weakness in Rock Island shares, com. and pref.),
money here got up to 25%) 6()-day bills then being 4 8135(fl' while the annual report of the Southern Pacific Co., made
4 8165, .sight bills 4 8515(ai4 8525 and cat)le transfers 4 S5S0 public Saturday, had intimated very plainly that no divs.
@4 8590. Later, with returning ea.sc in money, sterling on Southern Pacific stock wer(> likely in the immediate
prices again recovered.
Towards the close renewed weak- future, causing a sharp decline in that stock. On Monday
ness developed and (luotations Nov. 29 wrre 4 H250(d i 8275, morning came the news of the Chicago bank troubles.
The
4 8590@4 8610 and 4 8650@,4 8665.
The^Bank of Germany market consequently opened several points lower than its
on the 4th advanced its discount rate from" 5 to 53^';,',. Open clo.se Saturday; recovery, however, began almost immedimarket discounts at Berlin and Frankfort at the close were ately and continued to the close. The rest of the month
4')i@4%. At Paris they were 3 and at London 3-3i(al3%. the market, with few exceptions, almost steadily advancefl,
Silver in London advanced to 30 .5-16d..|the highest figure in speculative excitement n^aching a high pitch.
Prices did
years.
There was continued buying by the Indian Govern- recede on one or two days when the pinch in money was
ment and also some large orders by the French Government particularly .severe, but only for the time being. Thomas
U.
S.
making
—
—
,
—
—
1^%
—
—
—
—
,
5
THE CHRONICLE.
20
stored; V. 81, p. 1847.
The 111. RR. & Warehou.se Commission ordered a reduction in local rates in Illinois; V. 81,
The Kansas RR. Commission reduced grain rates
p. 1724.
W. Linvson, of Boston, notified subscribers to his $10,000,000
bear pool of the previous August that a loss of $3,600,000
I^cc. 30
had been sustained. Un. Pac. touched 151
against 1343^ Dec. 4; early in the month the Nickel Plate
stocks suddenly soared upward again, the com. reaching
76M r)cc. 6 against 56 Dec. 1; the close Dec. 30 was 691^.
The copper and smelting shares were most prominent of all.
Tenn. Coal & Iron spurted up from 118^ Dec. 1 to 148
Dec. 18, closing Dec. 30 at 13 IJ^; the property passed to
John W. Gates and people associated with the Republic
Dec. 30
Iron & Steel Co. Amal. Copper got up to
against 89 Dec. 2, but the star feature was Anaconda Copper
Mining, which, from 152% Dec. 4 shot up to 295 Dec. 30.
This was on reports that a new and very rich vein of copper
ore had been struck.
Anier. Smelt. & Rcf. com. advanced
from 150M Dec. 4 to 170% Dec. 30. Interests identified
with the latter purchased a large block of the stock of the
National Lead Co. and there were renewed rumors of a
possible consolidation of the latter with the United Lead
Co. U. S. Steel com. from 36 Dec. 4 got up to 43 1^ Dec. 30—
the highest figure of the year. August Belmont and Thomas
F. R3'-an arranged a merger of the Interborough Rapid
Transit Co. and the Metropolitan St. Ry. and the Metropolitan Securities Co., causing a sharp advance in the
securities concerned, a part of which Avas subsequently lost.
The high money rates interfered with the placing of new
bond issues, bankers reporting the over-the-counter demand
for bonds very light. Redmond & Co. offered $5,982,000
Portland (Ore.) Ry. 1st and ref. 5s. Amer. Tel. & Tel. Co.
authorized $150,000,000 conv. bonds to be issued from
time to time. People's Gas Light & Coke Co. (Chicago)
announced that divs. would be reduced from a 6% to a 5%
basis, as part of the plan to offer a 90-cent rate for gas
in Chicago.
Boston Rev. Beach & Lynn s. a. div. was
M
slightly.
UlM
lj|% on
pref.
The Anaconda Copper Mining
Co., the United Copper Co. (on com.), and the United
receiver
Metals Selhng Co. all increased their dividends.
was appointed for the Cin. Ham. & Day. Ry.; later the
directors adopted resolutions canceling the lease of the
Pere Marquette RR. and rescinding the action under which
All the roads
the Chic. Cin. & Louisv. had been acquired.
in the Trunk Line Association agreed to abolish free passes
Dec. 31 1905; V. 81, p. 1790. Leading roads met the
Inter-State Commerce Commission and pledged themselves
to co-operate with the same in the abolition of secret preferDifferences between
ences and rebates; V. 81, p. 1815.
the Atlantic trunk roads and the Gulf lines concerning
export rates on corn from the West were adjusted; export
provisions rates over the Eastern roads were ordered re-
A
PRICES IN
1905
—
The Money Market. The Clearing House banks on
Dec. 9 again showed a deficiency in reserve and the tension
in call money became acute.
The first week the call rate
on the Exchange touched 27%, and the 2d and 3d weeks
the high points were 15 and 16, while in the last week rates
advanced day by day, until Dec. 28, when .some loans were
made at 125%. On Dec. 29 (the last day for loans on the
Exchange) the range was 25@75%. On Saturday Dec. 30
Throughout the month
.some call monej' loaned at 6%.
there were large offerings of money from near-by cities to
take advantage of the high rates, but N. Y. banks had
urgent calls to meet in connection with the Chicago bank
troubles and also later in the month with bank failures at
Memphis. Monev holdings were reduced from $258,951,500
Nov. 25 to $246,812,400 Dec. 9, then rose to $250,416,500
Dec. 23 and were $248,705,400 Dec. 30. The reserve was
restored Dec. 16, and Dec. 30 the banks held $4,292,575
surplus.
Loans were necessarilj'^ contracted and were
$1,001,025,000 Dec. 30 against $1,023,882,300 Dec. 2 and
Deposits were only $977,651,300
$1,012,288,300 Nov. 25.
Dec. 30 against $1,007,172,-500 Dec. 2 and $999,177,600
Nov. 25. On time, a small commission had to be paid on
occasions for loans for 60 days in addition to the legal rate,
making the quotation 63^@7%. For 90 days to four
months the close was 6% and for five to .six months 5H%Foreign Exchange, Silver, Etc. Exchange did not 5deld
Indeed,
to the monetary tension until the very la.st week.
most of the month rates advanced, influenced by a demand
for bills to cover outstanding short contracts and for remittance for the end-of-the-year settlements. Instead of
there being talk of gold imports to relieve the monetary
situation here, there were growing fears of gold exports.
The high figures were Dec. 23, when 60-day bills were
4 8310@4 8320, sight 4 8630 @4 8635 and cable transfers
After that, however, the violent rise in
4 8775@4 8785.
call money completely demoralized exchange and caused
sharp declines, so that, Dec. 29, quotations were 4 8190@
4 82, 4 8510@4 8520 and 4 8650@4 8675 for the three
Dec 30, however, there was a recover}^ to
classes of bills.
The
4 8225@4 8250, 4 8550@4 8560 and 4 8640@4 8650.
Bank of Germany on Dec. 11 advanced its rate to 6% from
53^ but the Bank of England rate remained at 4. Open
market discounts at Berlin and Frankfort Dec. 15 were
53^ but Dec. 30 were 4J^; in London they were full 4 at
one time with the close 3%@3J^; at Paris they were
3J^@33<C Dec. 31. Silver in London was Avell maintained
above 30d. most of the month; the close Dec. 31 was at
There were some more shipments of gold to Mexico.
30d.
—
Rutland RR. resumed on pref.
increased from 1% to 2.
Crucible Steel Co. of Amer. also
stock, declaring 1M%resumed, paying 1% on pref. Int. Nickel declared an
initial div. of
[70L. LXXXII.
AT THE NEW YORK STOOK EXCHANGE.
The tables on the following pages show the highest and lowest prices at the New York Stock Exchange
of Railroad, Industrial and Miscellaneous bonds and stocks, and also of Government and State securities, for
each month of the past year. The tables are all compiled from actual sales. In the stocks one-hundred share
lots form the basis of compilation, except in the case of those few stocks which sell almost entirely in small
Following a rule adopted by the Stock Exchange in April 1896, sales which are not for "regular" delivery
lots.
that is, where the buyer or seller stipulates for three or more days' time, or where delivery is to be made
—
the same day (the sale in this last instance being for "cash")
— are disregarded.
COURSE OF PRICES OF RAILROAD AND MISCELLANEOUS BONDS FOR THE YEAR
[Compiled from actual sales
made
at the
New York
1905.
Stock Exchange.]
1905.
jAJSrUAHT Febk'rt.
BONDS.
MARCH.
April.
May.
JUNB.
JULT.
August. Sept'ber. OCTOBER. NOV'BER. DEC'BEB.
Low.High Low.EIigh Low.High Low.High Low.High Low.High Low.High Low.High Low.High Low.Hig
Ann Arbor— 1 st,'9S,g.4
98
&
Atch. Top.
8. Fe.General, sold, 1995.4
Registered
4
Convert., sold, 1955.4
Adjtistiu't, g., 1995, 4
Registered
4
Stamped, guar
4
103^^-104)^104
- 96J^
98M-100)«
99^-
9914
991^-100
100 -101
99}i-
9S
94$^-
9m
95M- 97^
935^- 97J^
90
-
-
98
99 Ji
98M
-103)^
100M-102M 1005i-102H lOlH-102^
lOlJi-
101^ 101«
lOiH 10254 WZH 102M-103|!i lOlM- lOJ
Reglaterei
4
Sav.FI.«StW.,l«te.«
101M-102
99^- 99X
-103^ lOlM- 102H
102 -102
OIH- 101^
101
13l%- 131^
I14^-114H
100>»-100M
97
94i^-
9(
95
- 95!^
95
96
95
-
959i
1025^- 103J4
95M- S6H
-
97% 93^-
9614
- 97j;
-
-
101
-
95>g- 95^ 95
96
9 ^- 06
-
101
95«
ma
9514- 9534 9o%- 97% 95H- 97V4
105M-106 L05 •lOSH 103 -loSM: 102 -103H 1023^ 103«
105 -105
101}^ 101^ 102>6-102?; 102M-l02>t 102 - 102J4
-
Gold, 1948
4 103J6-101?i 104Ji-105}6 104H- 105
105^ 106%
;
1049i 104 -105
Registered
103
103
4 104!^-104>^
103
103
lOt - 101
Conv. deben., 1911. ..4 105 -108M 105 -109)^ 109 110!^ 106 110>6 106 loy
113M- 114
Pitta. Jc.& M. Div.3H Om- 92M 92 - 93
QIH- 92!^ 92H- 9 5j 93 - 9>
93Hi 93>^- 93H 81« 9m 90^i- 91
9m- 92
P.Ii.E.dk W.Va.SjB. 4 99!4-100>^ 100 -101
100^ 1005<- 101
98^6- 99
yoj^-ioOH 100Ji-100>^ U0>^-101
98H- 9iH 99M- 100
9 m- 93h
S. W. Div., 1st, K..3^ 92 - 93
93 - 93
92^ 92 - 93
92J6- 93
93Ji- 93>i 92M- 93
92M- 92« 929^- 93y 91
•
-
-
3H
9«).^-100
105
9m
Atl. Coast 1..— lot, K...4 101 -102>i 102
Registered....
9S^- f9
102>^-
East.Okla.Ulv., let.4 99H- 99M
&
- 99Vt
..ow.High Low.High
102^-103
103 -104
iOiU 105 10351-104^ lOlJi 106 102^- 10.% 10134-102 ij 102 -103
lOlH 1015«
lOOMi-lOl)^ 1015^-10254
103!^-10tJ4 l01M-10i%
102^4 103
103 -103)^ 100 -103
10194-103
100!4-10l}^ 10154-1031^ 102 -105ii 1043ii 106 lOSifi 105J^ 10334-105
99
90)^- 07H 983^- 97
96
99
99V« 93M- 8434 93^- 94H
97
99
9954
97Ji 96 - 97M 96>6- 97
95 - 95
94 - 95?^ 91 - 9674 94:j^- 95
94 - eiH 93J^- 91H
95 - 97
i-07>4 96 - 97
96H- 97M 9634- 9S
995^- 995^
-104H 104
Deben. '•K,"1907....4
Deben. "<J." 1909.. .4
Debeu. "H," 1910.. .4 ma- 99^
Ala.AlSd. ,181,19-^8..
Brum &\V., l8t '38.4
8il. i<i. Ocalai&G
4
L..«fcN.coU.K., 195'i 4
O.-Pr. Il.,s.'«5.3«
B.
99H 93
)
- 99
92V4- 92)^
«m- 91«
98
-
92J6-
9&%
93H
98!<-
99
923« -93
6
4
5
THE CHRONICLE
Jan. 6 1006.
1905
JANUARY fbbr'rt MARCH.
BOND8.
-
Continued.
MAT.
April.
Low. ZUffh Low. Hii^h Low. High Low.HiRh Low.
Bait. «& O.- Con.)Mon.R., li-tBU. K...3
Cent. O. Reora.l8t.4H
PlttB.Je W., lBt.'17.4
J. P. M. «fcCo ct«B...
d
Bun ,dESunq.-l«t, rcf
fan. South'n— Int.
"id mortuage
C.B. U.
i
ffU .3
-.5
Pac— l»e. sr...4
98M
124%. 12Vk
9m- 99
102«- 103H
107
108
04 - 94
110 - 110
121 - 131
113 - 113!ij
90 - 92
-
Cent.RR.il' B., (ia...5
Uentral ol Gn.— tut ...5
Consol., 1945, Koid...'^
3
Ist pref. income
5 69
'id pret. income.
Stamped
3d pref. income
-
73M
5
!i
Cbati.Dlv., 1951... .4
Macon <&:>. D. lHt...5
mid.(;a.*& At. Uiv..5
5
Mob I'lv., 1st
Cent, ot New J ersey—
Gen. niort., 1987 ....5
5
ReKlatered
57
95
-
95
-126
126
July.
August. Sep'tbeh, October. Nov'ber Dec'beb,
Low.HlKh Low. High Low. High Low. High Low. High Low. High Low. High
108
-109
109
-io;»
08 - 93
975i- 9754 100
-100
98k- 98X
99 - 09
120 -121k 120k 123)4 123
-123)4
-126
1055.<i-lli6V4
123)4-123)4
124
I24k 121k
120
98 - 98k 98k- 991^5
103M-104 103k-104
- 124
12556-12591
129 -129 1.30 -130
I26k- 126k
99 -IOOV4 100 -100k 99k-100k 98k- 99)4 985^- 100 100 - 100k
99k-l(J0
103k-ll)3K 10354-104:)* 104k-10454 102 -103T* W2\4- 103k 10254- 103k ]03k-10.35* 103 -103)4 I03k-104
109 10434- 105
104%-] 0.5k 105)4-1055;. 107 -107
10554-106k 105k-H7 10654-107 107)4-107k
-112
112 -112
10854-10854
120 -12lk 119 -119
11954- 11954 I'.i0 -120
120 -1?0
119k-110k
113%- 115k 115 -115k 115Ji-llCiii 113 -114 113k-114 11354-115 114 - 115 114k 115k 11554-U656 113)4-114% 113 -IMk
91 - 92k 91 - 93
98 -101
»lk- 94
92 - 94k 9Jk- 97)4 96 - 96k 97 - 99
95k- 9654 95)4- 90)^ 95%- 95k
67 - 74^ 67k- 74?4 74k- 78)4 74k- 81
80k- 86
83k- 86
85k- 87k 85 - 88)4 81 - 8354 80 - 82k 80 - 82
62 - 82
61 - 81
56 - U)% 52k- 60
69 - 62k 59 - 66k 67
79 - 8&k 76 - 78k 74k- 77k 75k- 769i
78)4 77M- 80
:3k
95 - 95
9354
94k- 94k
112
121
-121
iiok-iis;^
11054- 11054 11056-11056
U5k- 115
134
135S4 135k-136*i
133M- 134 135 -i:;5k
5 113 - 113 112^-113
Am. Docl{<& Imp
L.. tfc W., mort., '1'^..5 )03%- 104M
Con. ext., '10, BU.4H
Ilitfh
J0NK.
108k-108k
...
119k-110k
Bufl. Boch.dc P.-Gen.3
R, «fc P., ist, i»ai...« 136« 12014
4;on8ol.< lat
21
-
135%-136i,4 135!^-1385(;
135k-136)4 138 -136)4 13354-134
134 -134
134 -134M 134)4-134^4 1.3454 -135'4
113'4-113k 115
103%- 104k
iom- 102k 102k-102^ 102 -UZVi 102
-115
ll4k-114k 114k-114k 112 -113
134
-
vt.
134)4 134M- 13456 13254-135
13254-134k 134% 1349^
132-54- 132-54 132)6-1335* i;i3 -VA^^i 13156-133
133%
133?^
112k- 113
-102k 102 -102J* lOlk-10194 101V4-10154 lOlK-102
102
-102
102
-102M
11354-11354 11354 -1139i
10154-102
102)4-103 101 -10194
Chesapeake «fc Oliio—
series A, sold, 190S.«i
<j
MortttaKe, 1911
1st, con., a.,
1939. ...5
107Jg-107i«
10^-108k
111
108 -106
-111
118'^- 119>t 119y^-119k
ii8k-ii9k 119)^122
117)4-118
105li-106J^ 106M-108
107k-103
5
Regiittered
108?i-110
4H
ReitlNtered
Warm >*p. Vail., Ist.
lOrk-108
10754-109)4 10954- 111
-119k
3h
Registered
Cliic.
Burl.
10196-102?^ 102?^-103k 102k-1035ft 102k-103
98 - 98
98k- 88k 97 - 97
10754-10754
103
-10354 1035^-104
lOlk-103
lOlk-lOlk
85 - 85k
82 - 825*
81?^- 82?*
84M- 85
84k- 8654 8454- 85k
81k- 82M 80k- 82k 80)4- 82
84i«- 85
7954-
80k 80
Registered
3!^
83k
82)4-
83%
&0k- 81k 79k-
8094
8256- 83!4 82)4- 83^!
83)4 81
82)4
- 82-54
101
-101
96k- 67
06k- 96k
1015^-10154
065^- 97J4
97
-
98
103 -103
10054-100:^4 101)4- 101)4 10154-101-54
102)1-102)4 102 -103
97 - 98
96 - 965* 96 - 9856
9-5i- 9-.% 9554- 96k 9554- 9
Dlv., 19-21
1035^-1035*. 1035^-1035^ 103
106H- 107
107
-lOS
-:
-103
10154-103
107
-108
&, St. J., cons..
Chic. «k East. Illlnols-
1025^-10256
106)4-10654 107
108M-108)i
-107
107!4-1075ii 108
-100
103
-108k
1115^112
114
106k-106^
1075i- 10754
-106
10Bi^-106k 107
-114k 11294-11354
114
102
107k-107k
-114
105
6
137
133k- 134k
118^- 121
120k- 121
-
105
138
-138
135 -135
1205^-12054 121 -122
137k- 137k 137k-138 138k-138k
118k- 1195* 119 -120)4 120 -120)4 122
134
-1345^ 135
-
137
120 -120
121M-12lt4
135 -13654 135 -135
134
-131
-112
115 - H6k
112
114 -114
iu?4-ni-?4
110 -110k
109k- io.<k 109k- 108k
C.i>I.&St.P.-1905....7 178 - 180 183 - 184 187 -187
Terminal
5 10054- 109?^ 110k- 110k
lllk 11154
111 -lllk Ul)iGen.M.,"A"1989...4 112 - 112 112 - 113k 112^-113% 112k-113k U3k- 118k 112k-112k llOk-111
< en.
99 - 99
1989.3k
M."B"
S.DIv... 5
-
-
113
117 -117
7 114^7
118%
11956- 1195*
ioa.56
12154-12154
11794-118>4
135)4 135)4
120
- 120
135k- 13554 13654- 1369f
113k-113k 115k- 116k 116k-115k
iio>6- 1101^ 10954-109% 110 -110
llOM- 110)4
135
-
1.35
135)4- 135k
110
110k 110)^
111
97
-111
-
97
11056- 11054 11056-111
97
111
96%- 96% 97
-
-110)4
no%-iiik
67% 97k- 97k
-113
-
115)4-115)4
-120
118)4-1 1»56
10954-10951
UOk- 110k
115)^-119
116k- 116% 11554-1 18k
110)4-110)4
115k- 117
116k-115k
11556- 116
18356-184
185
115
1155(5-
11354-11354
-lS-5
-115
185
urn
-185
I1354-H£5i(
1085^-100.5*
110>4-
iiok 1105^-111
io»k- 109k 109k-109k
Wl8.i&:Min. Div
5 H6k- 1155*
M. dcN., 1st, 1910. ..«
M.ifc No., iMt on ext.6 116H1- 116^
Extension 188ti-'.2G.4
Registered
4
General, 1987
3k 99% lOOk
Sinking tund, conp..<>
Regi stered
)
Sinking lund, coup .3
Registered
5
U5 yrs, debon., 1909.3 104k- 105
3U*yeardeb., 19'21..5 112k- 112k
Debenture, 1933
3
Registered
3
North. Illinois, Iml.S
Ott.C.F.&8t.P.,l8l.5
.
111
110?i-lll
-lllk 103k-l<19
109%-109% 109k 110
108)6-108)6
109%-109T* 109%- 110
115%-115% 116k-116k 116k- 1165^ 116k-116k
I09%-110)4
115)4 •115k 115M-115)4
U2k-112k
110
110
11556 116)4
Ohic. <& Northwest.. .7 129M- i2yk 128 -128k 128
Mich. Div., 1st
C
Conv. deb. ,1907 .3
C. R. I.&P. Ry.-'ir.O
Registered
6
121K-123
979i
1035«
10554-10656 106k-
-112
1st,
Win. <fcSt. Pet.. -.^d..?
M.L. S.«fcWlsl.,".41.6
Kxt. dkimp., 1929.3
132
119k-119k
1195^- 11956
lllk-lllk
iiok llOJi-llOJj 1115^1115^
ll6k-116^
117M
1165«-117k 117}^-117k I16k- 117k 117 -117k 11454 116)4 115)4-116
120
...5 112?^- 112Jt
.
-
1169^-11654
L'hlc. <& Mo. R. Div. .5
(Jnic. <fc Pac. Dlv
« 110
Chic. dkPac.W. Div. 116
LaC.«fcD., '19.5
Mineral Point Div. ..5
Ist So. Minn. Div.-....<i
Ist So. West. Div
fc
106%
136)4- 135k
10456-104T6 10556- 1055*
119k-119k
.
Istll. «fe D. Div
Ist I. &D. Exton
-106
111)4-111)4 lllk-112
97-li-
6
Gen. cons. Ist, 1937.5
Registered
5
Ch.&In.C'l Ry,,lBt.3
Ch. Ind. «V Lou.— Ret. (i
Refunding, 1947
3
liou. N. A. <& v., Ist.tj
So.
-107)4
4
sinking fund
Istconsol., sold
1st,
Dakota t&Gt.
lOlk-lOlk 10156-1015^
107^-107k 107 -107 105)4-108 106 -106
106)4-106^4
100
Han.
& Impt
108
106k-106k
4
5 107 -107
Debenture, 1913
li.
101^ 102 10154-102
95k- 96)4 95k- 9854
5 llOM- iioy^
4
Nebr'ska Ext.,l987.4
ReslBtered
4
Chic.<&
-
100
84k 85
3M
Iowa Div., 1919
1919
Relund.
86 - 86-M
& Qulncy-
192-^..
101%- 102
Illinois Div.,1949.3!>t 95>^
W.
10356-103k 103)4- 103k lC4k-104J^
100
85
80>^- 83
84?^-
Denver Dlv.,
S.
117k-117k 116)4-116)4
-108k 107 108)i
113M-113J4
Chic.di:Alt.-Kel.'49..3
1930
-109)^
U8M-1185f, 118 -119
107k-108)4 107^6-10354 107
10654-107k
Greenbrier, 1st, KU.4
Railway,
10854-10854 109
1185^- 11956 118k- 11954 11956-121
113 -113
Craiar Valley, 1st
5
R.«fcA.D.lstcon.'89.4
!jd consol., 1989.. ..4
1175^118
116>^i-116V4
4M: 107«- 109
General, 199'i
104)4-104)4
uik- lllk
-110
110
118
10S5^-10854
-128)«
128J^128k 126)4-127)4
127
-127
I27k- 127k I27k- 12754
105-54-10554
126
10454 1045^
-
126
104%-101«
10254 10254
101
-101
99k-101
lOOM-101
118 -118
117
113
-117
-113
99)^
101
•
117k
inn
118
-101k 10156 -101k 100k- 101)4 101
-101k
-118
llOk-llOk
H3k-113k 110
111
-110
-111
104 -10554 l04%-10,-,54
105k- 106k 105k-106
ll3iM-113k
uik- lllk 112 -112k 113)4-113)4
117»|-118k 1195«-1195«, 119k-110k 117 - 117
115k-115k
09
-.09
114
-114
ll4k-114k
110
111
108)4- 108)4
105
-
105
10554- 10554 103
114M- 114)4 11194- 11154
119 - 119 118
118 116
115
-
-103k
-
-116
-115
105)4-105)4
107
-107
129M- 129H
104!^-104k
105 -105
lV)\i llOM
130 -130
104
127%-127J6
.
139)4-12954
-104
126%-12ej4
120 - 120
.
11854-11854
131H- 131k
I22k- 122->^ 123 -120
....106k 10556.... - ....|....
12054-12lk 12194 -12154.... - .... 122k-122k 128
123k- 123k 123^-124
"123
-123
-123
122
-122
5
4
74
7
THE CHRONICLE.
*>i>
[Vol. lxxxii.
1905— Continued.
JANUARY
BONDS.
MAY.
.MARCH.
Febh'ry,
JCNK.
July.
Low.HlBli Low.HlKh Low.niKb Low.TlKrh Low.Hisrh Low.IliKb Low. Ul«h Low. High
IliOW.UlKh Low.ni(fh Ijow.iiieb
&
K. 1.
P.-(O07t.)
General, 1»8!S.|[
4
Registered
4
•C'hio.
IOlM-1069^ 105M-107
lattfc refund., 1R34.4J 97
CoII.tr., ser. 1. 1911.4
Series J, 191i£
4
Series
I.,
1914
- 90y6
106M-lCflJ* 108>^-10ei
9^^
98>i
97>^-
98% 9oH- 96
106«-lt7
95
lOOrX-lOTfi 105^^-100
95>i- 07
-
97)^
Resiatered
Coll.
tr., K.,
4
4
95
97
95
9614-
81}^- 83
19i3...3 95
82M5-
83M 81^-
i>7H
lat, conaol., 193ti..5
Keok. <& Dea M., lat.3
& Oin.(> 1337^-184!^ 135i<-136
82
83!^
- 85
93ii- 93M
102V)S-102H 102!.^-102U
121)^-121k. 118>«-118-^
115
-115M
79
- 81}^
90H- 93
118p^l20H
9m- 9iH 94
100?i-101W 101
119"^
94Vi- 97
-lOlH 101)^-102
119^ 121 -121
110>6-110i^
115
11051^-110?^ 109
136H-138 137
135
839^- 84^4 82
- 949i
119)^-120
&
115
&
&
Cairo DIt., lat
1
101
Regiaiered
4
Cin. San. <&: CI. cona.3
C C. C. &
conaol..?
conaol., 1934 o
E., lat, con8..4
&
99
90M
-115
-116
93!^- 98!« 1005^100%
103^-103% 102 -1027^ I02?i-103
112
-
7«i<,
&
&
Delaware & Hudson—
-134
lOOJg-lOlJi lOlJi-102
99^-100
80 - 84
83
74!^- 76
90'^- 93>t
77
94
92
lat Pa. Div., 19 17...
Alb. <& Suaq., lat, eu.7
l8t, suar., 1906. ..6 104^-104>^ 104^-10414
lQ.6>.g-106^
RensB.
l42}^-142Ji
& Sai*., lat...
W.-'07.7 110
Morrla & Essex, 1st.
«fc
-110
130
-130
1928
4
2
sold .... 7
lat con. prior Hen, £.4
1st, conaol.,
Regltitered
lat con. sen.
'96..
-104
1319^-131?
100M-1009i 1005^-101
70473
74M
7m- 76%
75^
75 - 76
74 -
93}iS- 95>i
93H- 9iH 91
10234-102>6 10196-10196
101)6-101)6
75?i
93
-
132% 132% iziy^-ism
98 -100
74 - 763i 743i- 75)^ 73V2- 75
75
107
lOlM-102 101
108 -109H
108 -1091^ 109
9814- 99J(, 99
89 - 94)iJ 92
10636-10836
-107
-10194 100?4-101J4 lOO:Si-1015i 1019!(-102>4 100^-101
101
-102H 10134-102
-
-
- 94
96^
95
- 72
80
- 84
82k 92^- 98H
lll^-lllfj 112>6-114
104
108
90
100
-103
-
96H
92
-120
93
-116
9234-
-
LIS
-1193^
107
-107
-109
92H
91
- 82?i
120
-13314
&
JefTeraon RR., lat. .3
105
L.onsDock,cona.'33.6 13494-135H
6 .... - ...
«9t; Impt. Co
N. Y. dsGreenw. I,..5 117 -117
Mldl'dof N. J., l8t...6 .... - ...
W., rel.3 114M-115^
«. Y. Sua.
1381^-136!^
-105
10794-111
ad, 1937
4i6. .... - ..
Gen., Bold, 1940.... 5 llOi^-m 109 -109
Term'l, 1st, 1943. 3 117H U7H
Wi«k.(fcE.,l8t,'4-^.3 109^-109Jii
led.— lat con.6 113M-1135^ 114 -114
Evan.
Evanav. &, T. Haute—
Consol
6
133M-124M
lat, sen., 194'.2, sold.3
6.... - •
Mt. Vernon, lat
D. C.-l8t....6 108>6-112ia 109^6-111!^
Ft. W.
80>4- 87J4
Ft.
Gr.-lat..4 85 - feO
iBalv. U. <& H. ot'Hii.. 3 10E^-105>!>
G.No.-C.U.t&Q. cl.tr.4 99 -lOlH 99?i-100j^
12354-123)4 12696-12696
101
-102
083i- 9334
-115
-12094 120
I01i^-102>s
105M-108
103
133
101%-103k 10014-10194
-
93%
96M-
^m
92
-132% 13294-13394 133 -1S3
-110
110
106)s-lie
123
-
93
-114
132)6-133
-10994 108)6-10894
-127
106
-12391 123)6-12394 124)4-125)4 12294-123
121
-121^
10294-10294
104)6-104)6
l34)4-l.-.4)6
11596-11596
115)6-115)6
121 -121)4
-117
110)4-110)4
11034-110^
107%-107%
11694-11694
-116
-110
9m
10194-1039S 101)6-102)6 101 -102X
101)6-101)6
92)6- 94
9394- 94>6 9336- 9434 94 - 94)4 93 - 94
95)6- 96)6 9496- 95)6
96 - 97
95%- 96!4 95)4- 96
I3414-134H
116 -116
10334-10234 104
110
99%
-109
127
116
-
91)6-
97
10134-103>t. 10236-103
-108>^ 103)4-105!4 10534-108% 10736-11434 111)6-114
136M-136M
-116
106)6-109
118)6 118)6 118)6- 118)i
-12034 1205U-12094
109
133)^-123>* 123^-123}^ ieO^-121!^ 121i^-122H 182^-123
10294-10294 103 -104
116
101)4-10194
101)i-102
93)6- 93)6 93)4- 93)4 91
114)6-114)4 114)6-114)6
11394-11394 11456-114)4 114
126J^-126)4
105 -110
101
-104
-101
102)6-102)6
101)6-103
1089<-10794 107)4-107)6
11034-11094
119)6-119)6 11894-11894
&
—
-130
11434-114^^ 11436-11634 1153^-11534 11334-113)4
117
-116
78%
10894-10894
108>6-108>« 1091^-110
116
-
95)6- 95)6 9394- 9694
134!^-134>4
101^6-102
Dock
&
-108% 106%-106%
130
110>^-110H
91M- 92% 92Ji- 9314 92?^- 93^4 92H- 93H 93>^- 95
94!^- 95J.6 95 - 96
9il4- 95H 941^- 95^ 94H- 95
103>^-109
75
129
92Ji- 94
114H-114J4 115
115M-116
lUJi-114H
lOlM-102
10:3:
95yi- 95Xi
-11496 116
-115
109
101^4-102
94)6i 93)6- 94)6
10694-10694
114
114^^-114^ 115
120
117>^-117J^
101!^-101H 103 -103
135^-137
133
1365^-137
-104
-108
92
107J^-107J«
75%
10934-10934 10994-110
107}^-108
109H-109>^ logj^-iio 108 -108
99>^-lUl
9994-100)4 93)6-100
98 - 9914 9994-100
9994-100
99J^-100
99H-100
90
92 - 9236 90 - 91)6 00 - 91
91}^ 919i- 9194 9194- 92
92?i 91 - 919!i 91
101 -101
97
8I94- 8I9
93 - 93J4
73)6-
93%-
-123)6 L2896-129
113)4-113)4 113>i-113J4
10434-105 10494-105
10894-104)^
108>6-10834
107
- 94?^
10 J
75)6 7594- 78J6
11596-11596
-
126%-12934 13736-13994 13054-130H 12596-12896
lOSJ^-lOSJ^ 105%-103
129!^-130
-107
99>4-100
-101
73
-134!^
1279i-128i^
- 99i
-100
100
7496- 7596 7334- 75
9336- 94
93M- 9436
- 76V«
130!4-130^
-110
-115
12334-13334
135 -135
9994- 9994 9914-100
96H
...
11534-115)4115
..102)6-102«
10134-10134
103Ji-103M
102M-102?i 102)^-102H 102 -102 102Ji-10294 1039^-10396 10394-10394 100%-100% 101)4-101)4 101)6-10194
103^-105
Bull. N.Y.&E., lat.7
8. W., a;.,'08.6
Bnfl.
Chic. «& Erie, lat,jf..3 121)^-122^ 123 -133
&
103^-101
112J&-1125*
129?i-12934 126 -127
126M-126M
130i6-130>6 130^-130]^ 1305^-1307^ 131^-131?^ 128^-128?^ 128^-1281^
127 -127
103 -103M 104
Penn. coll. tr., 1951.4 95 - 97H
30-yr. couv., 1933 -.4 95M-103>i
W.&R.
-10394 103M-104
-103
4
I.,
122>i-123
9896- 99H 99)6-100)6 99 -100
9794-100
9794- 99
95 - 9
113)4-113)6
1131^-113%
94}^- 95
-100?g
7m
- 80>i
4
4H
5tb, Ext.,
72
134
E.-lat, g..5 mj^-llT-^
3d,Ext., I9tj3
4th, Ext., 19!£0
-103!^ 103
llOVi-llOH 108 -108
106?i-107H
Ohlo^o. Div., 1st.. ..4 90
OaInth4Sz: I. R.-l8t...5
Erlel8text.,1947
-115?
U2>g-115
llet.<&Mack.-l8t Ilen.4
Gold
4 95
Detroit So.-lst, '51. 4 70
(Sc
-114
-135
99 -101
1291^-129)^ 129M-129?<;
Consol., 1936
4 100 -103
1st, consol., 1936. .4H
Dui.S.S.& Atl.-1937.5
94^^- 95
128>^-138>^
-Conaol.,
Improvement, 19''28.3
Rio Gr. West., 1st...
Mort. & coll. tr.,A.4
125i^-125>^
103)6-104)4 102)4-103)4
10194-102
102 -10294
10094-1009^ 10194-10194 103)4-10234
10214-10214 10214-10314 103 -103 10356-10396 10154-102 10J94-101M
1015^-1019* 103
L14
135
99^ 100
-
79-79
1179^-11796 1179i-11794
114M-li4>4
76
78
-
96H- 96%
99
-
lOlJ^-lOli^ 100>fi-101
134
- 81
_
»4^
80«
....
H'X*(,93M- 94Ji 93 1019i-102>< 10234-1023*110396-10234 ItO -lOOX
118«-U^
I209i-12094 118H-118J4
111 -111
1315i-1215l
98M-100
....
9434-
98
99H
-113
Clev.
M. Val , '38. 1161-S-116W
Col. Mid. lat, 1947.. .4 73M- 'ToH
Col.
So.— 1st, s.'i49.4 i>m- 94>4
guar
7
Reeiatered
7
W.Y. L>. «& W., lat....e
Construct'n, 1923.3
Term'! dkiinpr'int..4
Syr. Bingh. <fe N. Y..7
'Denver &, Rio Grande—
115
-104
10214-103^ 102!^-103i.6 102!^-1035t lOlH-lOiii 102
101 -101
100^-100?^
100
99iM-
-
- 95
92^ 87 - 9094
\0iH-102}4 101>^-101)4
4 73
Cl.L,or.<feWheel.,'3i..5
Jol.
116
I.,
Gen.
Feo.
Incomea, 1990.
Del. Lack.
1171.^-118
103
-103
CIn. Wab.
M., lst.4
St.Li.Dlv., I8t.l990.4 lOOJj-102
Sp. «& Col. Div., lsi.4
C. I. Si. L,. &. C.,'3B.4
-
95
84Mi 78
108
115
117«-119
4
&
....
95-96
-103
-115
-109 '4 109M-109J^
110 -110
llOJi-llOi^
-137!^ 138 -138
134%-137}i 137J^-137i^ 137}^-137H 13796-13794 138}^-138>2 13896-139 135)6-135)6
-135 >i
13554-135)4 135)6-135)6
-115
&
-
96
- 97
98H
79H- 82J^ 82>i- 83
Chic. St. P.& M.,l8t. .«
125!,^-125!^
St. P. «fc S. City-lat. .6
123>^-123'4i 123M-124
134M-125
97 - 98>E 96M- 97
97 - 97
97 - 97
Chic. Term'l Tran8l..4 88M- 09
97 - !)7!^ 97 95
95 - 97
04>694 - 98
Coupon oiT.
MH9514
95!^
4 8iH-97U
94M- 95M 94?i-
Chic.
W. Ind.-Gen.6
CIn. Day.
Ir.— lst...5
CIn. Ind.
W. '53.. ..4
Clev. CIn. Ch.
St.Li.4
-
...
I
96^- 90H
Burl. C. R. &; No.lat.S lOm-10194 102)^-102H;
Cona. let &:col. tr..5].... - .... 120H-120H
C.R.I.F.&N.VV.l8t.5
110 -110
Ch. Ok. &:G., 191 9..
Chic. 8t.P. Mln.
Mjg- »7« 97
105M-105«
96M- oea
4
1913. ...4
^erle80.,1917
4
>Kallroad, tiOO'i
1055^-105 J^ 105Ji-105).llO5 -105M
... - .... I0t9i-10494
95'^- 9SJX
- 98!^ 98Vih 99
96H1- 97
105)^-106
9:h
««erieani.,
Elff.
October Nov'ber. Dec'bkb.
AfIOU8T.
114
-114
123i^-123!4
134
106M-1063-4 107
116 -110
114
10996-113
113
89 - 89
90
105^4-10514
120)6-131
-124
-110!«> 11034-11034 11094-111
120)4-12054 122
111)4-11136 112 -113 110
-132
-110
111
11094-112
-111
-114
-11436 113
-
91
90
-114
- 90
109)4-111
9034- 92
10236-10236
10994-1149^ 114
90
- 90
89
-115
-
89)4
113
-11394 113
89)6- 93
90
-114
- 92
113
-114%]111 -113
96-96
.
-
.
89)6- 9194
101
.
-101
y9>6104i4il0336-10334 101 -101% 101)6-101% 10196 102J* 101)4-102)6101 -10296101 -102)6
99M-10UH 991/.-IOO
4 98>!^-10lJ^ 999i-10J!^ ubU- 99H 9834- 9834 93)6-10134 101 -lOlH 101 -10196 101 -10196 101 -102 100)6-101)610054-101 90)6-100
Resistered
103 -103 1102 -103
.... - ....!iO436-1043s!lO2 -10-2% 102%-102% 103)6-103)4
Gulf <&Sh. I. lat rei..3 103 -105M 104M-105M 105 -105
Hock.Val.-lsi.cona.4J^'l09 -IIO.H 110^-lll»t) 1109^-11134 11034-111 lU-lUH 111 -113 Il09>4-110^6 113 -U2 111)2-112 111)6-112)6111 -11194109)6-110
j
'
%
46
4
3
THE CHRONICLE.
Jan. 6 190G
23
1905— Continued.
JANUARY Fkbk'rt. Mauch.
BONDS.
Mat.
April.
JUNE.
JULT.
August. Sept'ber October. NOV'BER. Dec'ber.
Low.Higb Low. High Low.Hi(?h Low. High Low.HiRb Low. High Low. High Low. High Low. High Low.Higb Low. High Low. High
BockInK Valley.— (Oon.)
C.& H. v., l8t, ext..4
& Tol-
100
-100
1 «.-,
102'»4-103->!;
95
-
Ind.Dec
III.
O-l-^- 96)^
mu-
94V%
95M-
2d,
3d,
9
79?^
72!^- 75
117:^6-11954
-
81
114i/g-116
2003
-
75
78
115?^-H5?S
-
85!^-
Ferry, Ist, 1922. ..4^
Unified, 1949
4
Gen. ref., K., 1949...4
n9M-i30H
-102
76
- 77L,.
85
70
-
114!^
-
119
102
80
Ul
117J6 117}ii
10l!^-102k 101
10)M-101!!4 I01%-1013i 101 -101
-101
-
78
-118
-
U8
-
86
:%- 73)4 7254- 7354
7254
118)4-118)4 118)4-118)4 U9 -119
118 -118
130 - 120 120 -120
1155^-115)4 115)4- 115: 115)4 US)4
114)4-1145i 114)4-114)4
117 - 117
118)4-118)4
7334
;-i-?4-
101-54-101%
10054 10054
110)4-110)4 11054 112)4 11154-112)4 111)4- 112
108)4-108)6
110)4-110)4 112)4- 112%
116
103
9T54- 98)4
115)4-116
-116
100%-101)4
10154-10156;103)4- 102)4
102)4-102)^
100)4-101)4 100)4-1025^ 10354-102%
-1025^ 10154-10254 102 -1 02-54 102%-1035i 101
102
103
100)4-100)410054- •10054 101
-
101)4 102
-102
-10154
101%-102
105
-106)4
1.19
-120
105
-106
112)4-112%
104^-10514
-121
120%-122
10554-10554 106
12l%-122
-120
119
130
-107
-120
104)4 104)4
-121
121
121%-121)4 122
USK-llS^
-104
97J^-
m]4 93
- 93^,
llCH-117
122)4
98)4- 99)4
-10454
99 - 9954
t03%-104%
09)4-100
-105
104
104)4-105)4 10154- 106
U8)4-US5s 13054-1205« 113
100 -100% 98 - 98-}^ 98
-
113
99
11-1)4-114)4
98)4-100
114)4-114)4
1315^-13154 13154-13154 132
114
-
11854- 11856
10234-1031^ I03ii;-104M 104)4-105)4 103
115 -115
-132
128)4-130
U8 -128
131
-131
13154-13154 131
-
131
-114
121)4-121)4
-454-
113)4-113)4
113
98}fi-
-113
110
7m
114%-llt%
U2J6-112J^
100}6-100>^
90<^
114)4-115
lOiM-loiM
10054-1005^
101)4-103
-110
97)4
—
96)4-
96%
96
-
97
96)4- 97
103
-108
97
- 97
101)4-102)4
93
-
98%
- 9S)^
115
-115)4
101)4-102
96)4- 98
115)4-115)4
-
Itontsv. &.
...
107
-107
9854- 93*.
99)4- 99)4
-10456 104)4-104>4 104)4-10454 104)4-10554 10451-105% 103)4-10154 103 -104
10i5i-104
-
1055^-1065^ 106J6-107
l8t..(i 106}^-107
107
-ia<;<i
106J^-107
107
Mex. Central— Consol.
73%- 77
74 - 75>$ 76
Istconsol. income. ..3 23M- 259i 22«- 31% 24
2d consol. income 3 16 - 17% 14 - 17 16
Coll. trust, 1907. ..4><
Minn. &8t. L.-l8t....7
PacificExt., Ist
6
S.W.Ext.,l8t, 1910.7
94!^-
95^ 95
104)4-104% 104
104 -104
-107H 108 -108% 108
76!^- 79
-
78
-
-
26H 2114- 25
n}4 151^ 16
-
95
75
19
U
-108
103)4-109
-
77
75-79
-
22K
19)4- 2154
11)4- 13
13
95)4- »6
-
96)4-
122
5*714
';7
- 79
21)4- 235*
12)4- 14)4
97)4- 99)4
77
23
14
100)4-106)4 10G54-10R56 10654- 106^ 106%-10751
79 - 82)4 80''4- 82)4 79)4 8154 80V,- 8154
- 2tiH 21
24)4- 26
25Jj. 24)4- 26% 23)4- 26
- 18)4 16)4 18
17 - 20)4 19 - 20)4
17)4- 20
- 81
•
9654- 97)4
94%- 94)i
9654-
-137
137
120M-120>4
-122
11314-11314
Iowa Ext.,
Ist, '09..? HI -1115*
l8t, con., 1934, g ....5 1175^-11754
Ist &: ret., 1949
4 97>^ 98%
M.St.P.A; S.8.M.,»38.4 99
& Texas—
-
- 9S
-117
96-96
114)4-11454
95)i- 97
00
98 - 93
101 -loiH lOOJ^-lOOi. 101
91
- 975,.
-101!,
&
M. K.&T.ofT.,
lst.5 1065I-109H 108^-109 106
8her.Sh.<Sc S.lst, gu.5
107H-107>6
104!^-104H 107
-107
-107)4 106
-108
106!^ -106 J* 10554-1085). 108
-106
-1075(i 106
96
- 97)4
97)4
l8t, gold, 1990
4 1005^-10114 100^-lOlM lOOJ^-lOlVs 101)4-102)4 102 -104)4
2d, Income, 1990
85-86 85 - 80)i.
4 86M- 87J^ 85 - 86
l8t, exten.. g., 1944.5 10354-107
106 -107
106M-108 106)4-108 104 -10555
St. Louis Div., Ist. .4 87 - 87
91 - 91)4
90 - 90>^
Dall.
Waco, lst...5
K.C.«fcP.,lst, 1990.4 945^- 95
95 - 95
95 - 95
Mo. Knn.dc Ok., Ist.S 106 -10656 106)^-108 108 -10-!.Ji 107 -10S)(; 105%-108
111
111%-U1%
10354-10854
117
Be8M.dcF.D.1935 4
Texas & Okla., 1 Ht.,5
Mo.Kan.«&Ea8t.— lMi.3
117
-119
-101)4
86
3%-
IOO14-IO2
96^- 97
L..& N.-8oath.joint.4 96 - 96>6 90>!;- 96% 965^- 97
95 - 95
ReKlstered
4
N.F.«iS.,i8t,gu.'37.5 115M-115M 114H-114H 115 -115
So. &. No. Ala., suar.3 116i^-116«
115M-115M
Slnk.lund. 1910. ..B
.lets. B'Ke.4
xnannattan— ii)9U
4
Registered
4
-
87
73^- 73
3
N & M <ScAI,l8t.4k
UI54-U154
11156-1115*
ti
4
117
97)4- 9714
105 -105
lOlM-lOJ lOOJ^-lOl-j lOOU-101
1015^-103
lOlJ^-102
102 -103!^ 103 -103?. lOlH-103
Atl.Knox.<&No.,l8t.5
Pensac. <& Atl., 1st..
Metropol.Elev.,
113)4-114
85
715^- 7356
117>^-117i^
St. liOuisDlv., Ist. .6
Ken. Cent., 1987
110)4-110)4
118)4-118)4
-115
&
1980
-122
122
9954
100)4-100)4
-121)4 120)4-120)4
132)4-123)4 118 - 119)4 119
-10254 10254-103 :oo54-ioo% 10054-101)4 10H4- 101)4 100
81)4- 81)4 82 - 82
81)4- 81)4 81)4- 81)4 78
-112^ 112)4-112)4
115
Col.trust, gr.. 1931...3 114%-114^
Coll.tr.,5-20s,1923.4 98J^- 9!
99^^-1005^ 09%-lOOk
E. H.tfcN.. 1st, '1}?..6
109 -109
liouis. Ciu.
Liex.4^
N. 0.& niob., 1st.. ..6 130^-130H 130?i-130?:i
2d, 1930
ti
12(3V126!^
Pensacola Div
86)4- 86)4
92)4- 92)4
121%-125
n7ii-ll7i^ 119J4-119M
119>i-1195i
104^-101!^ 105^-1 05 JA
119 -120
lh:%-l20)i 121
Gold, 1937
3 117 -117 iiyK-ii9H
i;nlfled,ffold, 1940..
103J6 103!-^ 10234-103, 103
Mo. Kan.
-120
-102
120
ioo>^-ioi54 101
78 - 80
79
114A^|U6^-H6M
Ill^-IUH 110%-lU
No.Sho.Br'h,l8tcon.3
Louls'n&: Ark.— 1st..
Liouls. «& Nash.— Gen.. (i
«&
-123
-
- 85
85
114% 115JJ 112J4 -11254 113 -113
B'kiynt&Moo., lst..«
N. Y. &:K. B., 1st.. 5
li
122
4^
Ter.— Ist, gn..5
cold,
- 84
109Sj;-109Ji 10i-5^-10»->«
110i^-110J«
l.eh.Val.CoaI-l8t,ffU.5
L.eh. <k N. Y.-lst, eu.'l 99-9
1.0ns IsPd-lst, 1931.3 117M-U7M
Gen.mort., 193»i.... 4
2d
84
....4
Registered
94)4-
99-54-
88
85
854
- 71-!^
- 71H
74H- 15% 72 - li^
U8!^-118J4U185^-H9 119 -119>6 119)4-120
88
5|
1st. .5 117'^-119!« 111(1^ 120
Leh.V.N.Y.— 1st, ttuAH
lieh. V.
I00!^100>4
-121J^ 12l5i-122k 122J4 -122J«
103 -103H 100 -101>4 101
Lieb.ValI.(Pa.), con..5 108M-108J4
Gen. cons.,
94V4- 9tV4
109)4-109%
4 70^-
Northern Ohio,
96
-124
124
99^-100
121
Iowa Cent.— Ist, ffoId..3 U4M-115
aefundina;, 1931
4 86 - t!6)4
3d
-
I09>ii-109H
5 101^-103
K.Clty 80.-1 St. 1950.3
L.. £rle<& West-let. ..5
102)4- 102)4
- 96
9G
9514- 95)^
& West.-I st.5
& I.-lBt,'30.4
1909
1921
90
95fe
81
lines, lBt...4
Int.4k Gt.No.-lat.'l 9.0
-102
105-M-10554 105-54- 10554 106)4-108)4
10654-107 104)4- 105% 10451-10554
95
Bellev.A: Caron.lat.6
C.St.L.iS: N.O.,1 95 1.3 123K-123M 125 -125
Memphis Div., l8t.4 llOi^-llOJ^
Ind.
-102
102^-102}^ 10254-1035( 102
1065^-107
107-54-10754
108 -108
100)4-106)4
-105k- 105J^-105>^ 105 -105!4 1055^ 10554 105)4-106
103 -103
108)4 106)4
lOS^i-lOS)^ 105
1950.4
3^
101^-101!^
106% 107H
I.OU18V. Di'r., Kold.3>^
Omaha Div., '1st, e-3 851^- 86
3
St L. Div., 1931
Gold, 1951
-103
103
105 -105
1041^-106
4
Rezistered
Ciiiro Bridiie,
103
10254-10254 103%- 103)6 103)4 103)4
110)4- 110)4 UO -no
103 -10254
ioy%-iii
llOJi-110^
3H
]8t. golil. 1951
Extended 1 st 1951.3!^
4
Gold, J95«
4
Gold, 1933
Western
-103
103
ext.4
IIMnois Cenr'l-1931..4
Col.
W2>4
-
9SS.J
1025^
96)4- 97)4
-101)4 101)4-101)4 101
1)65^11654 11351-11454
- 97
151- 97
97-97
- 96)4
-103-5:i
102)4-103
80
- 88)-,
8654- S8
101)4-102
105)4-108
io5)4-iO(;->); 105)4-10S5i,
80)4- 8854
102)4-102)1 102)4102)4
-101)4
103
100)4-102
85)4- 87
10156-10251 101)4 103V4 100 - -100%
- 88)i 8314 90
8854- 90
m
-
106
-108)4 107)4-108)4 105)4 10656 .08)4- 107)4
90)4- 90)4 91)4- 92)4 9254- 94
93)4- 9354 92 - 9254 92)4- 92)4 92-54- 9354
107
107
10654- 10654
95 - UO54 9654- 97)4
0551- 9554 96)4 97
107)4-10951 109 -10954 109)4-109)4 107
106
106% 106)4-10:
109)4 10854- -109
107 -108% 11.7 -108)4 10854-110 UO -UO 109)4-110 10854 109 108 - 109
•
10854-10656
10554-106
112)S-11^% 112)4-112)4 112)4-114
-111>4
96)4- 9')4
4- 97)4
.07)4- 107)4
108
103
-10854
114)4-1141^ 113)4-113)4 11154-113
108
-:
114>4 115
10-!56-
10854
U5
115)4
-
Missouri Paciflc3d, 1906
> 105Jfi-106J^ 1065<i-10n5^
107 -107
10354-1"4>4 104)4 10454 10454-10454
Istconaol
ti 123
-125k 124>«-13.-,^4 125 -12514 125)4-1255,< l2Zl4-VZi% 121)4-1225s 121)4-121% 122 -134)4
Trust, gold, 1917.....> 108 -llOH 109 -1105(, 10054-107!^ 106)<!-107ki 10G!,-107}4 107 -10756 107 -10S)4 108)4-109
l8t, collat., g., 1920.5 109 -110
40.yi-. 1945,g
4
Cent.Br'ch Ry., lBt.4
L.eroy <& c. V. A. L...",
Pac. ol Mo., Ihi, exi..4
2d, 1 93N. ext
.
5
97J^- 98
107 -107% 107>i-108M 108
96
103
- 90Ki
-104
-108)4 10754-108)4 108
951^- 07]4 95 - 1*5)4 96 - 97
104)6-110
104 -1041:4 104)4-104)^ 10*1)4-103
118!4-117'<i
97
105
-105
105)4-100
124)4-134-54 136
102)1 102-)i 102-54-10251
-125)4 122
12354 131)4-133
-
105)4-106)4 105)4-106% 105)4 10.5% 105)4-106)4
-108)4 108)4-109)4 107)4-107)4
107)4-10754
10754-10754 107)4 108
93 - 94
9454- 9(1
95)4- 96!4 94)4- 94)4 o:!)4- 94)4 93)4- 94
98
97)4- 9754 97%- 07% 97)4- 9754
97>i- 93)4 96)4- 9T)4
106
105)4 105 -105
117%-llT)v 117J4-117I-4 Hi^51-118?i
10354- 103-)4 104)4-104)4
103)4-103)4
117)4-117)4 118 -119 119)4-119)1 119)4 ll9y. 120 -120
—
M74534
THE CHRONICLE.
24
[Vol. lxxxil
1905— Conlinivcd.
JAN'CAHV KEHK'KY.
BOND8.
MAKCn.
APRIL.
MAY.
JCTNB.
Low.HlKh
116H-118
117%-118M 118 -119
Ukc'beb
AronsT. Sept'bek. Octobek. Nov'ni-K
J CI.Y.
Low.IIleh IjOW.HlKh Low.IIIk)! Low.IIlKh Low. High Low.lliKh
Low.UiKh Low.IMgb Low.Uieh Low.IIiBb Low.Hish.
JUo. Pncinc-(Oon.)—
8t.l..«&:l.ItI.ffen.<&; 1.2.5
HtnmpedtKuar
.
Unify.ikrcl., 19'i9.4
RIv.&G.
Mob.
Mob.
04
-
95!4- 90M 955<97M- 97H 95H-
I).,l8t....4
& Bir.-1945....4.
J. «.V:K. C.-l»t..5
Mob.dk 0.-New,19a7.«
96V«
9754
989^;
97H- 99H 97
123M 128J« 129
•
126)^-127?:i
•
122
122
lat, Exteu., 1927...
Diort., 1938
97!^- 99
4 98 - 93
97M- 9754
Montaroin. Div., Ist..^ 115?^-11%! 113-54- 114
St.L.ik Cairo, col.tr.t
95
93
Na8h.Cli.&: St.L.-l8t.7 1203:«-1215^ 117 121^^
117
Q> ii5%-ii6!^'iia
Consol.c, 19!2S
110
Gen.
nm-
Jasper Br., lat
ti
119
-119
McM. M. W. <fcAI....«
N.Y.Cect'i&Uud.R.Gold, 1997
3H
Kesistered
3k
Deben.. a., 1934
4
KeKiatered
4
Deb., s.,'90-1905...4
Debtcertg., ext., K...4
lialie Hhore, coll...3H
ReKistered
3>^
Mich. Cent'l, coll..3!4
RcKisterod
3!^
90
- 93
-
90?4-
91H
90
90
91H
9354- 9354
96V6- 9856 95k^128
12J
12894-129
124
98
-12494
- 98
195a
96(4-10054
97
- 9956
125)4-12694
8256- 8354
101J4 101 Vj
9094 91^
89
Divia'nal, lat lien.
& C jolnt.4
104
8056- 8154
1145^- 11454
7994-
9196-
92k 91
90
90
-
8056
•
- lOO^J-,
99
115
-115
115
-123
12054-12156 120
-120
121
116
12056-1205*, 120
-120
114^-115
80
81k
8196-
82),,
82
-
8«% 84
100^-100%
9.854-
93k 99
-
99%
i»9
91%
-
S9H- 90,
89'4-
•
OOk
8956- 91
8956-
89
•
89
89
8956- 89,
89
-
-
99
- 107
1081^ 110
108
101
lO)56-1015« 101
ion 106
108 >^-109k 109
10894 108!^ 11)9
lom
91H
9196- 92
90
-
iOl
101
-
89>6-
124
106
-106
- 84
83
85
9996-
-11493 114)4
84 - 85
9Jh 99 -100
9->%- 99U
-100>:
91!^-
90
90
90
-
89
-
90 !4- 9):^
90 - 90
905
100
102
124
-
1015-4
-
103
124
-
-106
106
-120
101
-104
103
-105
109% 108%-109ij
-109)6
-108)6
10256- 103
10 J
-100%
100J6 10154 10156-10254 102^6-102% 10096-1009!, 10056-101
10096-101
100)6-101)4
-122
12296-12296
1091-
10196 10056 100^
10954-
108^4- 109
108 -109
10156-103
108 -1U9
9956
12356-183k
119
-119
-106
99
118
119
-119
-
-100
100
-100
9796- 9796
11956
10596- 106
104
-10456 104
10356- 101J6 10356 -104k 103
-104H 10456-10654 105 -10556 105
-104
103
103%-10456 104
-104
100
97
-103k
-
98
95
-10,^ 105%-10656 104)6-1049* 1044-1049., 10 1 -104J6
103)6-104% 03)6-104 10296-104
-104% 10254-103
10894-108%
-112
13294-132% 13256-132k^
129%-1299s
102%-103k 10154-101% 1019*-102
104>* 103 -1039* 101 -10194 !0l5i-102k 10196-102k 10256-10356 10256-103
10056-100 14 100 -100% 98%- 99k 9,:» 98'4- 100
9954- 9954
86>i- 9794 ilG - 9756 965-6- 97^6 96%- 97%, 9456- 9654 8556- 9794 9656- 98
9956-10054 995^-100)4
96J6- 9756 9656- 96% '.656- 97
102}^-•103
102H 10296-103
10296
UO
-101
93%-100%
101
-10154 102
-103
1021^-103
|l0256-103k. 102)6-103
91)6- 95
765i-
775-4
7654- 77ki
100
126
-100
-120
7556-
77k
7456-
74k 75
76
- 7796
769i- 785*
- 76
76-7
77
77k
99>6- 9956
109
- 7794
113k
-11656 114)6-115
-101
- 78^^
76)i- 779;.
-101
-125
100
-100
-ICO54
114
-114
94
1115^-11154
11156
9954- 9954 10054-1005
114 -114k
100
112
11094-111
7796
100
100)6-100k 100)6-100k
9^k
-1115< llO?6-ill>ft 110^6-111
6%-
-109
114V6
-100
-112
l0456-lC4k10856-10894 10856-109
109)4-109)6 108)6-109)4 103%-1C954
10054-10154 101
1085^-109
94
118 -118
-111 112)6-112). 112)4-114)6
99)6 100
9) - 99
tl5'4-116)4 114)6 116
llJi.6-114
lOi -104)4 104%-105)4
115
-115
-101
114%-115
1125^-11454
11056-111
-
114k
lllk
10256-103
111
77
10156-102 101
12556-125k 125
125>6-I25k
10794-108
10 154-lOOki
7
-11854
11394-11394 114
-101)s 10054-10056
-1055^ 10556-105>4 10596-10656 10554-1039* 105%-10654 10596-10051- 10156-1059). 103%-105k 104)6-10596
106>6-l"6k 103!4-104 104'4-104V.
103k-105 104 -lOS^, 104-94-105ki
H696-116?*
113>4
100
1055^ -1069a 105
-1163^
111 -111
106 -106
10196-102)6
I0i»k^-loyu
9256-
104
-116
10596-1059*
112
-109
-101
115
11656-116% 116
118%-118%
ll756-117k' 11756-117% a79i(-117% 11856-11856 1185^-11854
119>6 1199*
illM-illJa
Geuernl, 1937
5
Uzark &, Cber.Cent.—
106
LU
10;% 107%
-106
9396- 939^
Geii.col.tr.ctta »37.3k>
Gu. col. tr. cite., B..3k
94 - 94
Tr.Co.ctla.,gu.,'10.3k
C.8t.L,.«fe P., l8t,'3a.3
973:1s-
98
94 - 94
989*- 98:M
1179^ 11794
97
94
- 97
9356- 93)6
98)6- 9954 98
9:*
- 98),
118%-lia>4
117%-117% 120 -120
9354- 93)4
9:56- 98
119
C..3k
-119
98)6- 98)6
P.C.C.&;St.L..,Sr.A4k 114^-114)^
Series B., 194^... 4k 113M-113M
ScirteaC, 1942... 4H
Series U, 1943
4
SerieaE, 1949. ...3>t
Penuaylvaiila RR.—
113
103
93J6-
835f,
9396- 9396
93
-
-103
103)6-103)6
93
93
- V35?
96)6-
-107
-10154 10154-1029* 10 1
10i96-W3>4 103% 101% 10454-106% 105
10156-10
-104
111%-111%
IU%-112)6
11256 113
106
103
114)6-114)6 11256-1 12k 11256-1125^
11296-1129* 111%-113)4
-113
112% -1129a 11356-11356
11256 -llik
9396- 9356
.<t
10394 10656 10456-107
105 -105% 10154-103
54
101
93%- 93% 94
96k
-
94
1' 656-107
109 -109
107 -107
i9>6-10J% i'7)6-lOOJ6
-10 J9* 10056 102
-106 10496-1"^% 101)6-1039> 102 -104
AUeu
104)4-104-4
Vail., 1942. ..4
Cleve. «& Mar., let. 4}^ 110 -110
&
Pere Marquoite
Mintdt Pere Marq..»i
89 - 91)4
89^- 91
69)4- 90
10556- 10556
&
G. K.
I., 1st, ext.4k
Phil. Bait. «&: Wash.
Peo.tV I'ekin Un.— lat.»>
4d, 1921
4k
99%
107
106
St.P.»SsDul., l8t,'31.3
ad, 1917
a
lat, conaoi., 19U8..4
1923...
99)6-
97%- 98-%
100 -100%
-106
109k ios%-i09k:, «8%
122
120
-
Conv., gold, 1913. .3H
Conv., gold, 1912.. 3k
84)6- 85)6
10696 1089t
-124
-
CI. i& P., Serlea
-124
107%-108:
10254-102
10094-10094 10056- 102
--
4k
124
91?* 90 J6- 9 Ik
905 90 - 91
106
103k
-
Registered
11456-114):- 114
-116
92k 90 - 91
9056- 9m 901-69o% 88%- 90
8856- 905s 89 91H 8996- 905i 90 - 90% 8956-
-
10756
10^9i- 10956 1o95j- 110
107 - 10956 10756loaj^-ioov}. 10854- 109
9956- 10154
1031.^-
Reg., prior ilea
4 104V4-10514 104 -105
lien, 2047..
7694- 77M
76M- 78
Registered
75
3 76 - 76% 75
Paul-Dul.
St.
DIV..4
101 101
St. Paul
No. Pac. .fc 126Jg-126^
CoaatCo.— l8t.3
Panama— 1st, s. 1 4k
Pennajrlvania Co.—
lat, coneo!
4k
99
-122
-102
9156-
9Jk 89
-109:}-j
1015^-102 J^ 102^. 10354 10094 1019<: 10056-101
General
Pacific
-
98 - 98)6
9^ - 98
9954
-115
11556-115H 115%-1159:
9254- 92'A
-121 12156-12156 12156-1219)- 12154- 121«
-1019i 10156-101% 10156-1025^ 10256-102% 100
-
-;
4 104§i-105% 10554-106
Waah. Cent.Ry„l»t.4
No. Pac. Ter. Co— l8t..i>
Uhlo Riy., lat, 193U .;>
97
-129
--
9996-100
99 - 9H
9^96- 999^
10596- lOC-96
100!^- lOOJ^
Col. C. <& T„ l8t,"ia.5
8c. Val.dcN.E., l8t.4 102 -102^
Northern Pad Ac—
Prior lien, 1997
94H- 93
9t - 955<
97h\ 9J%- 959i
- 96
- 9S
122
97k
12256-1225}; I225i- 12256 122
90ki
Norfolk «fc WesternGeneral, 1931
6 13%-133H
Impt. «fe Ext., 1934..6
NevF Hiver, 193'.2
ti
W.Ry., lst,con.4
9496- 95J6
9fJ56-
12494-126
9856-
-116M
9456- 9494
9854- 98 k 9656- 97
129 -129
13894- 1295<J 12996-130
11494-114-94
11454-115
121 -121
9454- 9494
9656- 97
105
So.-lat, '41. .5
Real estate,
9^56- 98
3!*
&
&
&
Pocah. C.
9396- 94%
95%- 97
9394- 95'4
96
106V6-107)^
107^- 107k
Utica
Bl.Riv.,'a/.4
M. V. Ch.
St. JL,.-l8t.4 104^-105
H.5
105%
N.Y. O.
W.,rel.,l8t.4 105 -105% 1059< 106^
RegisteTed
4 lOSH-lOS^
N.»fc
- 9-5%
94)6- 9556
10556- 105H
83
& Harlem. ...3k
«fc
95
94 - 94«4
4
,
N.Y. «&Nortli'n, lBt.3
R.W.<&U.,con., l9t.3
Norf.
9m-
116
100M-100?i
91
Mlch.Ceut'l, 1931.. .5
Registered
3
1940
9696
95
96 - 9694
116%-116% 11656-117% 11756-117% 1155^-11654 ll-l -II6V5
... - ...116 -116
102
3k
Debenture, 19tJ8..4
N. V.
-11694
10296-1029(1 10054- 101
lat, su..4
Det.M. & Toledo..
Mnhon. Coal RR...3
l»ts
ll-J
100% 99M- 10056 100 -100% 100
lOOM lOOJfi- lo'ok 100 -100
995^-100-H 9954100
99>^-100
Reslatered
4
Moh.tfe Mai., l8t....4
N. Y. &Put., lst,iru.4 103 -103
West iShore, guar. ..4 103M-109
Resiatered
4 107^10814
1..8.&M.S., Km '97.3H lOOH-iona
Reffiatered
11696-117
117M-117Ji
Naiiocal ot MexicoPrior lien, 1926... .4H
Ist, consol., 1931.. 4 81^- 82H 81K-
Beech Cr'k,
11656-118
...^
111
-111
10854-10S5a
U096-1109>.
11156-llik 11154-1115?!
106')4-H'C>4
109
109%-109%
-1099*
10856- 108);, 108)6-108%
12356-1235*
10356-lOJk
122
-122
128
-123
11S)56
11956 120
-120% 12t56-121k i.21%-121%
-
...121)6-121)^
100% 10094
3
4
6
35
Jan.
THE CHRONICLE.
190(i.j
()
25
1905— C'ontiiiiicd.
JANUARY Pebr'ry.
BOND8.
MARCH.
May.
April.
A0GCIST. Sept'bek October. NOV'BEK
J0NK.
Low. High Low. High Low.HiRh Low. High Low. High Low. High
dec'bbr.
Low. High Low. High Low. High Low. High Low. High
Pere marQurttc-iCon.)
IstcoiiM., ji:., 1»3J>.5 112 -112
rt. Uur. I)lv., 1st..
PlltH. t!«h. «& 1>. E.,l«t..'> 117k-n7k
-114k ii2%-iia% 112%-11'J% 113 -113
11.3k-113k 114
11454-ll6k
120 -120
114
119
PHtsb. Y.& *., Int.. 5
ReadlnB-Gen., 1997 4
116 -116
looj^-ioan 1023^- 103
101k- ioa>* 103 - 102k 101% 103^3 102%-104
4 100 -100
IlPBlstcred
99% 101
999i-1005i lOOk-101
98k- 90?^
Jersey Cent, collat ..4 99k- 100
&
Rend., conii.<>
Phil.
7
Conaol., 1»11
Cons., 1911, ree... .7 118 -118
Bio Gr. Jc.-lut, '39. .5
Rio Grande South'n—
4
Ist, 1940
Guararteed, 1K4U..4
75
89
- 75
-
Rntland-l>.t.l941..4!^
OffdenMb.&Ii. C— lHt.4
Bt. J . <& G.l.-l »l,'47.4 93
«i
W. Div.,
102%-^104k t02k-103k 102k-103
100%-lOlk 100%-lOlk 99
77
75k-
76
75^,
99
- 94
94
-
94k 95
-
95
104%-104-K
104
-104k
130
04
94
-
94
-
06
104% 104% 102
-10£
131
132
-130H 129k 129k
1149^-1141, 115
99 Jj- 9!)-54
91 - 92!^
80
- 76
-
—
&
-116
09M- yo5i
90M- 92V4
115
103
-
04k 94
-103
132
90k- 92
99 - 101k
90
88%93
99
125
-125
132
-
125
-
-
130
-
132
89% 87
-
•88%
- 97
99 - 999-4 96k- 98k
85M- 8Ck 86M- 87k 86 - 87k 85% 85^-.
82M- 83% 82%- 841^ &2k- 83k 80%- 82
108%- 108k
113
89?
-
-
-
113
-123
124
103!.^-
103k
l04^^-lO4k 10t%-
05
88
-
104:)'4
102%-102%
-124
120
120
12lk- 121k
-
119%- 120
-
110 - 110
90 - 01% 81)k- 90
104 -105 104% 105
92
-
98k109k- I09k
112k- 112k 111%-112|.4
95
975^- 975^
um-n2
112k-ll2k
89%- 90
88k-
102%
95% 93k
l02k-1029-4 102k-
98k- 9Sk
98^.
112%- 112k
lllk-113
08%
-
96%- 97% 97
-
93k 06%- 08
96k- 97% 95k- 96k 96k- 97%
-101% lOlM-101^ lOlM- 101k 101k- 101% 101%-102
05
97^ 96 - 96i!i, 95^- 96
95k 94%- 05% e2k- 93k 93 - 94% 94k- 95%
91 - 91
04 - 04
108%- 1115* 109k-109H
104
111
Cen. Pac, 1st, ret.K.4 102<^- 104 1009^-1015^ 100%- 101k 101 -101% 101 -101% 101k- 101% i01%-10i% 100% lOOJi
89
Mort., Bu., g.,'a9.;ik
89
89
8..94
90
b7k89k
83
89
88%89k 89k88k
88J^
89k
Through 8t.Li.,lst.4
99 - 00%
G.U.tSc »<.A.,lst,'10.«> llOk-llOJi 108)^108k 108)^- 108k
i>l. «ScP. Biv., let. .3
ll3k-115
Gila Val. G.<&N.,lst.3
103 - 109k 110 -110
107%- 107k
lst.3
-
88%
97% 98
97%
86k 86k 88k
83% 79k- 81k
108 -108 108k- 108k
139%-139 139%- 139%
113%-11394 113%- 113%
•
96>i-
9k
90%- 97% 96%- 07% 93k- 97%
4
lai..
95
125
89%- 90k 89k- 90k 87%- 88H 86k9>^%- 90% 90k- 100k 99k- ICO
97 98k- 99
84k- 84k 8414- 84k 84
86h 87k- 87k 86 82
84
84
81k- 82
81 84k 83
i-
103 -108
83 - 89% 8dH- 90
90 - OIH 85k- 8S\ 85 - 86
90. - 91
104% 102 -102k 102k-103% 103k- 104k 104 -105
1043^-104k 104 -1049^ 104
91
109 -109
95
-
--
97 - 97k
95-9)
95%- 90k
95%- 06
93k- 94%
-
105k- 105k 10:k-107).4
1109^- 111k iiik-iiiV4
IHk- 111k
lous.g., 19J-.4
6
General, g., 19ijl..4 95k- 95k 97^4- 08k OSk- 100
Ore.
Cal., 1 st., gu.3
San An.
Ar. Pass.
83 - eik OOH- 91k 90k- 91k
8o.Pac.,Ariz.l909...6 106 - lOSk
Ist, 191U
109^- 109%
8o. Pac. Cal., 1005..
let, 19i^, l£<kF...b
115
ns
Isi, 191.J
(>
114k n4k
l8t,con.stp.'05*37.3 108k- 108k 1091^-10,1^ logi- 109%
&
111k-112
99
100
-
111
99k-100
101
89
-
90k
-112
89
-101
-
90
113
-
i'9k-
IOOk-102 101
89 - 89V4 89
113
N.iViex., Ist.O 108
-
108
T.<&:N.O.,8ab B.,lsl.t>
Consol., gold, 194;!.
-
-101% 101 -101%
8Jk
8'J
-
89k
'%-
HI -HI
-115
8;%
107%- ior%
110 - 110
-111% 118 -113
112k-112k iiok-uok llOk-lUk 111
li2iii
lllk-lll'-s 111
lOOk 100 -ICO
100
104k- 10l>„
89%- OU
-102
lOlk lOJ
-100^ 98 - 99k
-
08k-99)j 98k-
ill
99%
10.>%-103%
88 - 89
88%- 80% 88W- 89% 89k- 00k
83k- 89
108k lObk
i- 90
107%-10:%...
103
-103
112%-112%....
-
Pac,
-101% 101%- 101%
136k 136k
109k- 113M 113J^-114
110 - 110
101
Tex.C,
95
109%- 108%
4k
U.E.«& W.Tex.,
-
-
118H-118k
1949. .4
Reffistered
4
Austin & N. W., Ist.^
8.
94k 95
103%- 103% 101
-135
135
Ist, refund., 1933... .4
&
- 95
115k 115k- 115M 113%- 115k 114 -114 113 -114 113%U4k 114k- 114,H
100k- 100k 10014 lOOM
98k- 9Sk
90 - 9)k 89k- 90% 90M- 91
- 89k
88k- 83% 88%- 89k 88%- 89% 88
102 - 1(.'2
101 -101
102 -102
102k-102k
123
—
Collat. trust,
76
99 -100
04
104%-104k
Car. Cent., J st, '49.4
Fla. C.&Pen., '43 .3
Registered
«-5-year, 1905
-114
107%- 108
137 - 137 137 - 138
139 - 139
136 -137
133k 13Sk 138k 138k 139 -139 13!)%- 140
111%- 111% 113k- 113% Ulk lUk
112 -112M lllM- lllM HI - 111%
1I3%- 110
112^-112% 11'-;%- 112% 112k- 11 2)^ 112%- 112^ UOk- 110k
111% 111% lUk- 111k lUk- 112
103 -103V4 IC4 -101
103k-104 104 - 104k 103k- 104>4 104%- 105
104^i- 101k 104 - lOiK 104%- 105V4 104k-105k 102%-103
Heaboard Air Line
89M- 89
Collat. trust, 1911. .3 103M-104k
Atl.— Btrin., 1st
4
Ga. <& Ala., 1st, con.
Ga.Car.<& N.,lsi.gu.3
Carolina Cent., con.
Soutliei'ii Pacific Co.—
I02k- 104%
78
-
05%-
124k-124k
•
Hous.tfe
- 81
97
Olftf,
B8H- 90H
St. L.OU. 8.VV.lst'89..4 98^- 99M 99H-100!^
84 - 86
!d.linc., 19S9
4 84k- 85
82 - 83
Consol., sold, 193''i..4 80k- 83
Hi. P.M. «Jk in. -2d.. ..6 llOk-lH
niont.£xt.,lst.l937.4
Reffislered
4
£. ni. Istiliv., 1st. ...3
Minn. Union, Ist
6
Mont.Cen.,l8t.] 937 6
1st, ffuar., 1937
3
Wlll.dk S.F., 1 st.'38.3
t*. FePres. <& Pile
3
N.P., Ist..
SanFr.
119
104i^-104!>i.
rel.4
1933... 6
-
I0l%-102k 102%- If 3%
e9k-100
99% lOOk
-100
ft,
Reduced to
4k
Dakota Extension
6
U9
-101)
1947...5
K.C. Ft.S.&M.,
lat, consol.,
101k-102k 102k-103
lOOk-101
I18k-120k 118k-118k
120k-120k
114
100
'0S.4H
K.C.F.».«&M., con.6 126M-126M
5jv,-iivten,
Ulk 111k
1C6%- 106%
6
General, 1931
3 I12k-113k
RR.consoI.e., 1996.4
Refunoinff. 1931. ..4 88M- dlH
S.
112%-ll4k
n3M-113!4
& Snn
Class C, 1900
General, 1!»31
-121
89
Fran.Ry.«
Ciass B, 1906
81.L..
114%-114%
-114
-11454 114
109%-100%
108>^-I08k 108%-105%
lOOk-lCik
112 -112H
..llOk-HOk 111
10Sk-108k
111
-111
-111
Southern—
1st, consol., 1994
3 117k- 120M 119% -120
Al.&O. col.tr., '38.4 90J^- «8k 98k- 99
LMemp. Bit,. l8t.4H-3
8t. Louis Biv., 1st. ..4 08
Ala. Cent., 1st
h
-
98k 98M- 99
Atl.«fcBan., Jst,'48.t
95^- 96k
Col.
Greenv., lat..(>
E.T.Va.«fc Ga., Biv..
Consol., 1st, K
122
3
E. Tenn. reorg. lien. .3 114k 114H
Ga. Pac, 1st, gold. ..6 123M- 123k
1
•
,
08k- 98k
...
•
&
ma
119k- 119% 118%- ICO 118%-120 119%- 121k 118 119
118%- 120k 120%-121k 20k- 121k 119%-121 120 - 121%
uok- «5k 90>4- 97k 97k- 95k 07 - «8k 99 101
100%- 102
97%- 08% 07%- 98k
l.'9k- 999a 98H.- 99
118
118
118%
118 - lis
99
100
08 - •90k 09k- 90^4 100k- lOOk 97k- 98k 99k- 100
09k- 99k OUk-101 lOOk-lOOk lOOk-lOlk
118
118
117k- 117k
116k-llCk
114
-114
121k-12ii
116 -110
11414 114
-
121-J4
121%i22
-
114
114
-
-
|....
116 -110
116k- 115k
122k 119k-l*0k 120 -120k 120k-120k 120k- 120k
114
123% 123% 124M- 124% 124%- 124% 125 -125 124%- 125 121%-121%
<ScO., Ist, g...O 123M- 123% 120k-126k
12ti%- IZdk
127 - 127
Rich. <& Ban., con., g. 6 115M- 115%
llC>g-U6k ll6k 118 116% -116% 116%- 116% 114%-114%
Beben., stainped„..3 112 --1125^
Rich. Ac iUeck., ist..
oak- 98
Ho. Car. <3L Gu., Ist. .3 108 -109M 109Ji-lll 110 -110% 100^-109% 108 -i08k
-110
... 110
109k-109k
ink-122 ;ii8k-ii8%
118
-119
113k-ll3k 115k-115%115 -115
124k-124i4 124^-124% 121%-124%
Knox.
Va. Alid., ser. E,"m.5 114 -114
Horles F, 1931
5
112k- 112k 113 -113
General, 193U
5 U5%-115% 116 -116% 116^^-117 117 117 114k-114k
Htampcd. gaar....3
Wash.U.<fc Wes,lst.4
97%- 07%
07 - 97
VV. N. Car., Itit, con. 115^-116M llOk-mk U6^116J6
-
..
116k-110k 114!^-H4k 115k-115k
114
-114
109%-111
I08k-108K 107k •106k
114^114%
113
113
-113
114k-lUk
114k- 114k
114k- 114k
115
-115
•
113
116%-117
114%-114.^
III6
-115
....116V6-.IJ5H
Il5k-n6k
4
5
THE CHRONICLE.
26
[Vol. lxxxii.
1905— Continued.
January Fkbr'bt,
BOND8.
MAROH.
April.
MAT.
Low. High Low. nigh Low.IIlnh Low.Hisrh Low. High
June.
AUGUST. Skpt'beh. OCTOBER NOV'BER Dec'ber.
JULY.
High Low. High Low. High Low. High Low. High Low. High JjOW.Hlgb
liow.
Terni'l Anm'ii of 8t. JL.Ift, 1930
4M
Ist.coiiNoI.. 1944... .5 122
Gen.
Texan
ref.,
1933
4M
& Pnclflc—
112^^
-121
-122
121
-
98?i-100
looy-iooH 100
-
lll%-in%
121
-100k 101
-T21
122
-101% 101
-122% 122%- 122%
-101
99%- 99% too -100
-123% 181 -121% 121%- 123 122%- 121
- 94
94 - 98%
95 - 97
111%-111%
106% 106% 106%- 106%
115Jif-115i4
115%-116%
110%-112
110
110 Il07k- 107%
General, sold, 1933.5
9814- 98H eei^- 08% 95%- 97k 98%- 86% 95%- 96% 97% 9-%' 97%- 97%
Kan.<& IVI.,l8t.EU„K
92%- 95
94%- 95
94%- 9414 94%- 94% 92M- 93
93 - 93
Tol. Peo. «fc W.-l 81. .4 91 - 94
91 - 91%; 91%- 02
We»f..3J^ 89^- 90H 00 - 91% 90k- 90% 90%- 91% 90%- 01%
Tol. St. 1..
85 - 86% 83.%- 85ia 83 - 84% »?%- 84% 85 - 86
85 - 86%
30-7ear, a:., 1985 ...4 83?^- 84M 83}i- 85
97%- 9794 98M- 98M
87 - 87
9S
Tor. Ham. «& B.-lst. 4
S 120M-121i4 121
Int. ffold. tJOOU
97
Inc., '.£000
3 05 - 97
9d,
l.n. l>iv. B. L., l8t...3
Tol. <3k O.C.-l8t, 'S-'i.S 1 14^-1 14H
-123
-102
c
122
94
-123M
- 97
123%-12.'i!!4
04
123
&
I
.
.
125% 124%-125%
-
06%- 89M 100 -100
111%-112%
109%
116
115
...
•
-116
ll03i-110% 116
10»5s|....
98%
99>s|
....I
I
.
Ulster
125% 125
124
- 1)4
-
-122
...12l%- 122 '4 12J -12254 122
101k 1(X>%-100%
100% 1(X)%I101
97% 98k 98
98% 98
-
-
98M
93
93
91%- 91% 01%- 91%
91% 91%' 91M 92
82 - 84% 81%- 84
86% 87 83% 85
98>4 98% 99
9dk 99%- 99%
I
•
•
Delaware-
«Sk
5
l8t> conitol
1b., reiund., 193'.<...4
112
-112% 113 -113
110%-H0%
....Ill2%-112k 112%-112%
95M- 95M
....
96%-
Union Pacific—
107% 105%-108k 105%- 106%
50-yr., sold, 194r....4 1045i-105?!i 105^^-106%
4 103H.-10354 104 -105?a 104% 105 104M-104k 104%- 108
Reslstered
iBtlien, conT., 1911.4 112^-122}^ 120ai-138H 128^. 137?^ 120 -138k 115 121
121 -121ii
137%-137%
4
Registered
Or. RR. i& Nav.,con.4 1025^-103^6 102%-103J4 102% -103M 102M-103*.. 102%. 104
Or. Short JLine, l8t..6 128i<i-127}i 124^^-126 124 .125% 124%-1^5% 125%- 125%
Or. S. L,ine,lst, cons.5 117J4-118J^ 118}^-119!4 119M- 120 119M-120 119 - 119%
participatlns-- 104>g-104}4
48
97%- 87% 97%- 97^ 97%- 98%
975^ 88
Gaar.rerand.19'29.4 97J§- 98
-
.
&
Registered
Vandalia, consol.,
Vt r a
Va.
106
106
-107% 105
il9%-128% 127
102
-10214 102%- 103% 103 - 103% 102% 103% 102%- 103% 10-3%-103M 100%-101
125% 126 126 127 123%- 12434il21 - 125% I25%-12534 l2.%-lv:6 124%-125%
119%-119% 117% 117% 117% 117->i'll8%- 118% 118%-119X 119%119% 119%-120%
-
95%- 96% 96
96%- 97% 90%- 97% 95%- 96%
97% 96%- 97
- 965,
4
iir..
S. VV.-lst,
sn.S
101%
1071^108
109
-109
110
-
110
Deben.lnc, 1939, A.6
Deb. inc., 1939, B....e 66>6- 69}^
Ist lien equipment. ..5
4
Ist lien terminal
U.&Cb. Ext., 1940.5 109M-110
Omaha Div.,
1941.3kr 88
Tol.&Chlc.Dlv
4
Wab.>PittB. Ter.-l8t.4
4
1954
West. Maryland— iBt.
2d, sold,
-
90
68
-
HI
111
107
.
74
71M
92
-
-
82
7GH
70
102
-
Ul
-111
-102
2
102
-
I
74% 6S%-
73>-4
^103
70
- 93
111
-112
110%-110%
88-88
88
87%- 87%
97J6- 08J^
95%- 95U 93%- 95% 94 - 95J4
42h- 45% 43 - 45M 38%- 43
9014- 93Ji 91M- 93J^ 92 - 94
89%- 91M
91
90% 903-.i- 91%
90;4 87%- 90% 90
40% 37%- 41% 37%- 40% 37%- 3S% 36% 383,
88 - 89% 88
87%- 89% 89%- 90
-
-
-
88%- 90
35%- 373,
88-00
8734- 88
87
3t%- 36
88
-
68%- 6S%
Gen.i&couT.g,l>932.4
W.N.\'.&P.-l8t,'3r.5
4
General, 1943
118
W.Va.C.«SfcP.-l8t,'11.6
111
119
-1183^
98%-
Wheel's & Lake Erie5 nil4-lli}i
l8t, 192«
5
Wheel. Dlv., l8t
Ext <&Impt., 1930.5 1145^114^
'JO-yr. equip.,
let con., 1949
101%-101%
103
118% 118
IO9I4 110
- 90
11014-llOM
S&% 88
117.%-
IOIV4
112%- 112% 112%-112%112 -112 110%-110%
118% 118 - •118% 118%-119% 115 -119 114%-116
107% 107 - 107%: 106% -107% 103%-108% 10^107X
90%- 01
- ....
..
...
73% 7034- 78% 71%-7 6?^ 72%- 77% 73%- 77
103
102 -102
112%- 112k
ff.1939.5 118M-119 1181^-1191^ U8M^ 119% 118M-119k 116 -117% 117 -117%
mort., gold, 1939.5 111 -1121^ 1091^-llOM 108%- 109% 107%-109k 107 -108% t08%-109k
96%
103%- 1035i
Cruz& I'ac. l8t.4k
»fc
-
98
104%-104% 104%-104%
.4
Wabash-lst,
t2d
105%- 100%105%- 106%105 -1051i I0t%-10o% 105%-1089i
103%-105%
... !l04% I(i5%l04%-101k 104%-105
-131341129%- 137%il31% 130% 13334-1^6% (29 -137% 1.34%-! 50%
-106
-100!«i 105?; -105-%
102 -102
4 93 - 951^
983i
-111
111
97
-
-119
-
97k
111% 112 -112
f6%- 96%
112
a8%.li3%
119%-119%
»7%- 98%
97%- 99
-
110
112
-
96%- 96% 93%- 93%
98%-
89 - 88
31 - 35%
86 - 87%
65 - 68%
119 -119
,%-
06%
•110
-
113%
113
lUfi- 114?i
114%-114%
113
-114
lUH- 114k
....
11 IV. 1111.6
19'.i'.d..5
92% 92%- 95
94?i- 95
93
9ZU-
93%- 94% 93%-
-
03%- 94% 93%- 94% 92%-
102%-103%
90%- 91% 91 - 82%
'>...,
90%- 91% 90
9554;
94%- 95% 95%- 9754 95 - 96% 94%- 86
93
i
Wisconsin Cent'l Co.—
50-yr.
J
Bt, g.,
1949..4
90J^- 94
94I1J
em
93%- 94% 84M- 96
91
94% 9;%-
-
STREET RAIL.WAY.
B'klyn Rapid Trans.—
Gold, 1945.....
5
Ist, conv., !200'.£
4
B'klyn C, Ist, con8..5
B.Q.C & 8., con. gu.5
B'klyn Un. £l.,lBt.4-5
Stamped guar ..4-5
Kings Co. Elev., Ist.
Stamped guar
4
Nassau Elec, guar..
Conn.Ry.&: Lt.— l8t.4K
Stamped guar
4k
Detroit United— Ist. .4!^
Havana Elec— 195'.i..5
112k 111%-112M 109 -109 108%-109 10834 109 109%-110
8J%- 89% 80 - 88!^ 8734- 9154 88%- 90%
83M- 86k 85M- 87
10S%-108%
1083^-1101^ 110
83M- 85
106 - 106
106 -106
llOM-llSJi UOM- 111^ 110
103 -103
-111
109M-111
95
92M 93 - 92
92M- 93M 91%- 92?
90k
88
92 -
925^- 93>«
109%- •110 109 -110% 107%103
11034 110%- 112
88%- 93% 91%- 94k 93% •96% 92%-102% 98 -101%
107 -107%
109% 110% 110%-110% 110%-iiik 1085^-109% 108%-109%
92%91%S7%-
93
93
-
87
96^
- 91
Metrop. St. Ry., gen 5
Relundiug, 'JUO^
4
B'y «Sc 7th Av.,1943.5
Col. <& 9th Av., 1st.. 121 -121
Pav. F..a 110 -120i4
L.ex. Av.
3d Av., 1 st,su.,'.2000.4 94%- 96
l8t,1937
3 116)^-118
Met. W.S. El. (Ch.)...4 90 - 96
St.ranlC.Cable,cons.5
Undcrgr'nd El. Rys. of
&
89
-
8-M- 38 !«
100%- 100%
100%- 100k
1
-
•
•
12m
I31M118J^- 120% 121
120k<- •120k 117 - 130%
95
-
120% 120%
120
120
-
-
-
93
89
95
89
-
103
111
-111
110% -111%
-111
111
-111
93%-
94%- 07
88%- 00
95 - 97
60 - 9-
1C334
103M
102%- 102%
91% 95
93%^ 93%
114 - 115
91%- 92%
102%. 103 102%- 102%
91%- 93% 95% 96%
98%
94%^ 94% 94!-S- 95% 94% 95%
114%- 116 114 - 114% 114
115%
89 - 903,i 89 - 89% 89 82
118% 118% 118%- 118%
•
- 119
118%- 118% 118
119
120
120
«7% 95%- 96U 95%- 96% 95%- 97k 05%- 96% 95
U8%- 118% 118%- 118^4
96k 96
118M- nsk
95 - 95
121
-
-110
90%- 96%
93
91
91%- 94
93%- 95
87%- •89% 87 - 87% 87 - 89%
101%- 101%! 101%- 101%
99>6- 90i->
10114- 103% 101%- 101% 102%- 102?:i
95
96 Vi 93 - 96
94% 06
95%- 95%
94% 96
93%- 93
94 - 95
94 k- 94 k
92% 94
92% 95
U7H-120H 116 - iick 114%- 116k 115 - llOM 114 115 11454- 116 116 - 117 114 115
93 - 94k
9OV4 90 - 91% 90%- 91% 01 - 91%
mi4- 94
93k 90 - 9134 90
•116% 116%- 116%
118%- 119 119%- •119% 119%. -119M
117M-117>4 118 - 118
9231-
109
•
- 9654
95 - 95%
•
118
117%- 117%
94% 95% 94%- 05% 93%- 07
118
•
94%- 94% 94
-
lis
94
119
119
114%-114%
London profilt-Bh'g..3 97 - 99H 99
Un.Elev.(Chic.)l8i, g 5
United Ry8.,St.Louis.4 861^- 86%
United RRs., San Fr..4 87M- 8a
-
99% 99k-lC0J4 99%-100
99
-100%
97%- 98%
9834-
98%
9354- 99
9834-
96% 93%- 99% 95%- 90%
93-07
100%-106?'4
90
89% 89
88%- S9
89
H9
88%- &9k
- 91
-
83
-
89k
68% 87%- 00
87%- 87% 87%- 89
87%- 87% 87%- 87!* 87 - 87!4 87 - 87
89%- 91 90% - 91% 0134- 92% 88%- 90% 87%- 8J% 87 -88%
GAS AND ELECTRIC.
Brooklyn U. Gas— Ist 5
Gas— iBt
5
Coiisol. Gas (N. Y.)—
Conv. deb. 1909
6
1165^-117
Bullalo
Det. City Gas, 1923...
Detroit Gas, 1918
5
Gen. Elec- Deb., g...3H
Hud. Co.Ga8-l8t,'49.3
H. C. (Mo.) Gas.-lBt..5
Kings Co.El.L.t&Ponv
Purchase money.... ti
Ed. El. 111. (B'klyn).
116% 116%-116?4 116%-118
116>^
70
- 70
72
- 73
66
-
09
113
68
91
- 915i
00%- 90% 89%- 89% 89%- 89k
109% -109k
92%. 92%
100
125
-127
126)^-127
113
-
114
113
-114
68%- 69
- 175
171
173
102%- 103% 89% •101
169
94%-
114
-
115
114
172%-175
- 01
- 114%
- SO
72%- 76%
91
-172
-103
-105
- PI
124
-124
108
102
114k-114% 112%-113% 113 -113
%- 87 SU%- 83>s 70 - 83
1O8
-1:434
101% -103
166% 17034165 -170%
103
-104
104
-106
90%- 90%
91%- 91%
100
122%-124
122%-122% 122%-122% 122% -122%
96
94H,
-
96% 96
96
-103%
109
105%-109% 103%- 110 107% 10;^, 107%^ 108% 108%-10S% 106%-107 107
i05%- 10.)%
92%- 92% 92% - 93
93!^
9-'% 9i;i.6 92% 9.'.-.v
!I2
109
-
109K 108%-109% 103%-109k 109%-109J3 108
100
-
106>*
92M- «2!4
-
91
124%- 124% 123 -123
126M-127
5
4
68
105
Reiund. t&ext. 1934.5
Milvf. (nias-l^.— 1st.
-
169 --176?;
178 -I8514 182 -187M 177 -182
174M- 17S
100 - 101!^ 100i^-102k 101M-102H, 101%-101% 101%- 103
Laclede Gas,St,Louis—
Ist, gold
-116
•
3
4
5
..
Jan.
THE CHRONICLE.
1900
()
27
1905— Concluded.
JANUARY FBBB'BT. MARCH.
MAT.
APRIL.
JUNK.
JULY.
August. 3HPT'BKR. OCTOBBB.
DBC'BBR,
BONDS.
Low. High Low. High Low. High Low. High Low- High Low.Hlgh Low. High Low.Hlgh Low.Hlgh Low. High
N. Y, El.
H.
lit.
-UOM
<fcP. .5 110
-iiiM lUM-lllk 111 -111^^ 110^-lllJi 108%-110% 109
110
Pur. inon. col. tr.« K.4 94%- 9m 94.%- 90
Edis. El.lll., lat,'10.5 105J<-105k
lat, oons., 1995. u.-S
N.Y.«fcQu.EI.»kPow.C'on.. sold,
N. Y.
1930
94
-
95
93
-
94
-105
-
-nou 109%-110%
91%- 92% 91%- 92
105%-105%
118!^-118H 119Ji-119i^
5 107«-X08
-105
105
Pat.&: ra8.G.«fcElec.3
People' M O. Li. A' Coke
Ist, con., s.t 1943....6 125 -125
S
Ketundlnir, 1947.
123^123^
127V«-127)^
1081^-110
108 -109
107^-107!^ 108M-109
Eqult.
100}6-100}4
1239i-123?4 12 1
-124
124
123 -123
124
UOM
-
91%
102
-102
HI
-111
-103
123
-123
106% 106%
10S^-108H 110 -110
103%-108%
lO5%-106%
106%-106% 103%-103% 103% 103%
110
110%
90
104%-104.%
106 -107K 105!^-107J$ 107M-107H
Trenton Gnstfc El.,1 Ht.i lu -11214
Westchester Iil8ht....5 lllJi-113
9196- 92
91 - 92
103%-1035*
119%-121
104%-104%
-
107H 106 107%-10-% 107%- 108% 108%-109
108 - 108% 108%-10S% 109% -110
108Ji-lC9K 108%-109H 108%-110
I089i-109M 109M-109}i 103M-109
103 -102
Low. High
-110% 108 -109
110
103
108'4-109
Ch. G.-L.. <& C, l8t..5
Con. Gas, Ist, 193&.5
-111
110
102%-102%
106 -106
103 -103
IO514-IO5H
100 -loegf
& Klch.-19'-41..5
Gas & F.. lst.(j
Mutual Fuel Gas. ...5
- 92% 92 - 9254 93
104%-104)4 104^6-104% 106
94M 92
103^-103H 103%-104
-110% 110
-110
jni8CEL.liAN£OU8.
Adams Express— Col 14
B'klyn Fer., Ist,
1031^-104
-105!^ 103
104
50
cons..'}
- 57!^
Ch.J.tty&U.SYds'15.5
78 - 80
Det. H.& M. L,. G.-Inc
N. Y. Dock-50-year..4 »5 - 9GH 94^- 95
Provident Ijoan,"^1.4!^
90J^-100
»t.JoH. Stk Yd8,l8t.4H
V. S. Red. Sc Refln'g,.0 83?^ 84
83Ji- 84
-103^4 103?6-I0i
57H 56
58
-
75
- 78
96
98
-100
84
- 92!^
97
-
58
103>^-104
55
-
65
103%-104 lot
48 - 49% 52
71^- 74
95V6- 96J4
98
-
- 9056
95ii- 961^
96%- 97
-
lOS
-
75
-
104% 105 -106 103 -103% 102%-103!4 102M-104% 102%-104%
49%- 50
52
liH- 45% 46 - 40
54 - 54
108
75%
97%-
-100
90-K- 97
77
-
77
96%- 96% 97
-
98
99
100
91
-
m^
85
-103
99?i-102
-100
9y
-
98
90%- 98
78
-
97
99
- 97
-
76
99
1CO%-100%
100 -100% 9? -102% 101 -103%
100 -101% 100% 101
TELEGRAPH AND
TELiEPUUNE.
Am. Teleph. & Teleff.4
Comraer'I C«ble, Ist..
Met. Tel.
Tel. -Ist.
W. Union Telearrapb—
Col. tr., cur., 1938.. .5 no}4
97^ 08
-
96%- 96^
98% 98%- 98^
95
93
&
-
93%- 93%
- 95
90%- 96%
98
109%-109}^
111
Fund. &:R.E., '50.4^ 104^
Mui. Union Tel., s. t.6
-1111^
111
-nm
HI
105?^ 1055C-100Si 106}i-107
HI
106i^-107?6
-112M 113 -113 108%104^^105% 104%-105% 105 106
-
llOJi-llOM
111%-112% Ul%-112i4 11056 111% 109 -110%
105%-106% 105%-106 106 -106^ 10t%-104% 10414-105
107%-107%
105 -106
11156-112
MANUFACTURING
AND INDUSTRIAL,
Amer.Cot. 011,1913 4H
Am.Hldet& Lea.— 1st. (i
Amer. Ice Secur., deb.6
100
Am. Spirits Mfg;.— l8t.6
Am. Thread— 1 Bt coll. .4
95
Amer.
-100!4 100%- 100^ 100
97 -luOM
98%- 98%
99
96%- 97% 97
98M 98%- 98
99%-100
-
97
-
-
- 97
90 -
9(55<
95 - 95
945i- 95
94 - 96
6
4
4
111
71
-111
- 70
Cent.Leath'r,ii0.yr.g,5
Consol. Tobac, 50-yr.4 74
Oist. Secur. Cor .—lst.5 79
Intern'l Paper— Isl
6 109>^Cons., conv., 1935. ..3
-
Steam Pump,
841^
8O34
115
-116?4
731^- 77J^
80
79
- 83
-
- 75Ji
7i
- 74>6
77
80
'13. (i 102?i-104
-
-
73%-
75>4
74
74%
-
75
-76%
1
m
-
&
•
-
—
9)6- 81
101% 99%-100% 99%- 100%
101%-102%
81
80 - 81% 80 - 82
80%- 82% 79%- 81% 79%- 81%
107% 108% 08%--110 108^^-109%
91 - 96
.4%- 91!
94%- 98%
103%- 104
10456-104H 104
98 - 9S
104?^- 107)^ 106%-108
105%- 108
ioe%-i07j^ 105 -105>6 104%-105k 105 -105% 105MI0fi%- 107
01 - 93
911^- 92>^
85 - 85
87%- 87% 85 - 88
85 - 85
85%- 87
70 - 70
69
59 - eo
70 - 70
60 - 60
70
59 - 71ij 68 - 68
Stan. Rope
T.— lsi..(i 42^ 48 42^- 49% 40 - 54 53 - 59J4 50 - 64% 50 - 52 53 - 64 50 . 53% 51%- 53
jlncomes, sold, 1946.3
1«- 3
4 - 5%
:J
IH
6
4^- 4% 4 - 4
4% 2%- 3
5M- 8
U.S. Leather— Deb.8.f.6 111^ 112 112 -112 112 113 113 -112^ 108%-110 109 -110 109 - 119 HO - 110% 111 - 111
U. S. Realty
Imp. ..3 93
95
100 -103^,100 -101% 101 -10^% 99 - 100% 99%- 100% 99!4- 101
95 -103^i 101 U.S. St. Corp.-ad,'63.5 93 - 94Ji 93M- 95% 93^- 95J^ e5]4- 98H 92 1^- 94% 9Zi4- 94% 94%- 95% 95
96%- 93%
98
Registered
3 92M- 94^ 93%- 95?^ 9?5i- 955^ 94%- 97% 92M- 05M 92%- 94% 94!*- 95% 95%- 97% 96M- 9S%
Va.-Car. Chemical
100%- 101
101 - lOlJt 99%- 99%
Knickerb. Ice (Chic.) .5
Lacka. Steel, 1st 't23..3
Nat.Starcb M'PB-l8t.6
N.Starcb Co.-S.f.deb.3
&
9556 100
80%- 83% 60% 83
81 - 82% 82% 87%
93%- 99 101 - 101% 101%-102% 101%- 102%
90%- 91
90% -90%
%- 91% 90%- 93
116 -11756 113^-•114% 113% 116% 114%- 116%
116 -116% 113% -113%
115!4- 115%
75 - 78
70%- SOki 78%- 80% 79%- 82
74 -76%
99%. 10J% 100 - 102
80%- 82% 73%- 80%
- 8!
80J4- 82^ 79 - 80% 78%- 81
79 - 80% 80 - 81%
- S2H
77}^- 80>^ 78%- 80
7854- 82
-109
108%-109H 109 -110 109%-109% 109%- 110 108 - 108
91%- 92% 92%- 96
93^- 95
93 - 95
92 - 93
-104-5^
105 -105^6 105%-105% 103%- 104
801^ 79
-109
109
07% 98
-
113}^-114>« lll>t-lll%
73%- 75% 73
-
108
98%- 93?^ 97%- 98% 93 - 93% 96%- 97
9S
100% 95%- 98% 94%. 90
9»%- 96
77%- 79% 79 - 81^
96 - 98
101
101%
89%- 8i»%
87%- 90
112%-115^ 114%. 116 115%-116%
77
871^- 83
88M- 89M 88M- 88% 97^- 88h b7H- 88
Tobacco, 1944.6 llOM-113% 113%-11-V4 lloM-118!^ 113 -115H 1105^-114
Reslatered
Gold, 1931
Registered
Int.
-101
9«M-100J^ 97
103
10:i% 103%-104
W7%- 97%
104%-105 104%-105
87 - 83
85 - 85
71
51
-
--
^^
75
52
50
-
80%. 82i6
81 - 83%
109
-
110%
97 - 93%
104%- 104%
101% 107
85
75
51% 40
-
3%
85
75
49
4
3 - 3W
108%-10856 107%- 108%
99 -100
93 - 99% 99 - 100
9:%- 9.)% 9156- i)''% 95% 97
9d - 935* 94>6- 9756 95%- 97%
99%-•100%
-
COAL AND IRON.
Col. F.
«fe
I.-Gen.,
e.f.5 103^-104
-103M 103%-105H 103 -104% 104 -105
102
86 Conv. deben., 1911. .3 85-65
Trust Co. certllic'i» 84 - 85?i 84MCol. Ind., Ist, conT.A.3
Ist, ooll. tr., 1934. B.3
K.&Uock.C.
90
891^
105
-105
90
85 - 65
885«-
89H 87
-
«&C.,lst.3
&
-1035ft 103
-103
103
-104
87%
67%- 73% 70 - 73
68%- 71
69%- 72% 66%- 71
106%-106% 107 -107
73
-103M 103%-103% 103M-103% 103
- 90
- 7614
7^%
-
76
70%- 73% 71%- 73% 72%- 75% 72%- 7556 73
- 72% 09 - 72% 71%- 73J6 71%- 73% 73
105%-105%
74% 70
104% 104%
71
-
-
79%
78%
Tenn.Coal Iron
Ry.—
07%- 98% 99 - 991:4 99%- 100% 100 -103 100 -10056 100 -100%
General, 1931
98 - 98%
99% 0S%-1OO
3 933^- 97H 98)^-100
Tenn. Division
110 -110
112 -112 U2%-113 110 -110
6 llOJ^-111
UO -110
10 -110%
Blrm. Dlv.. 1st, con.ti
HOM-112 lUM-lUM 111%-112 112 -112 112% -11296
110% 110%
113 -112
112 -112 111%-113
De Bard.C.<& I.-Gu.d
103 -103
108%-103% 103%-105
104%-104%
Vn. iron C.&C.-l8t..3 86^ 93M 92!^- 931^ 88 - VOU
86 - 90
iH- 90% 83 - 89
89 - 90% 90 - 90% 87%- 90
91
90 - 92
90 - 93
92%
1
AND MISCELLANEOUS STOCKS FOR THE YEAR
'COURSE OF PRICES OF RAILROAD
jANtJAKY Febr'ky. MARCH.
STOCKS.
JlAY.
JtlXE.
July.
1905.
August. Sbpt'bkr. OCrOBEB. NOV'BKR. Dec'bek.
Low. High Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh Low.Hlgh Low High! Low High Low. High
.
.
RAILROADS.
Ann Arbor
35
Pref
Atchison Top. dc S. Fe.
Pret
Rights
Allan. Coast Line
Baltimore
(S;
RR.
Ohio
120
-125
100% 106
Prel
95%- 97
Bun. Roch. dcPlttsb....
Pref
RlglltH
BuUalo Sc Susq., prel..
Canadian Paclllc
Certificates
Canada Southern
I.V-
PI
o
154
159
5
-
U9
-
100
101
-
103'4
56-
%
70
- 74
-
74
80%- 9356 83
75
70
- 75
34
76
-
35
79
91k 77-56- 855* 78%- 84% >:356- 88
103 -104% 10156- 103% 101%- 102!, 101%-1U4)6 101%-lOJ
yi-
54'
56-
75%- 75%:....
S5%- 89%
80%- 9156 88%- 91^ 87%- 90% 82
102%-10556 104%-105>* 103%-105%102 -104% 103 -105%
5>.
148 -159k 149%-165
121%- 126% 125%- 14556 142%- 170
155 -164% 159%-170
103 -108%
107% 111% 104 - Ul'/4 lU4%-109k lOr -114% 112%-115M 112%-117
91 - 97% 95%- 97% 90 - 97% 97 - 97% 97%- 99
97 - 98
97 -100
... - ....'l40
- 157%
150 -150
150 -150
160 -160
5%
5k
87%- 89% 88
-
161%-16956 100%-107%'l56%-107 157 -164%
11056-U356 110%-11456108%-11456 110%-114%
97%- 97% 97 - 9314' 97 - 97% 97 - 98%
158 -158 163 -150
104%-164% 158M-168%
55ft
9056- 915* 89%- 90% 89 - 91
90% 905«- 91
8956 88
30%- 01% 87 - 89
86 - 86
130%- 1345* 133
141% 137 -150% 145 - I5j:l4 14114-150% M5 -15256 149 -153k 164%-16556 15956-177% 16856-176 ie8%-1765*
129%. 130% 130% 140% 139%-14&% 151%- 154')}, U(!%-14S5*
67%- 72J.f (1056 70% 09%- 72
69%- 7VH 08%- 70
68%- 69% 6856- 0856 00%- 74% C8%- 69
67 - 09%
6S56- 71
190%- 190% 190
205% 19856-203% 194%- 204 K; 190 -198% 198 -204 199 -204% 202%-::20 210 -210 210 -335 220 -233
4656- 50^ 49% 52
49%- 80% 49%- 59% 45%- 5156 4756- 5356 51%- 55% 54 - 68% 63 - 59% 51%- 5956 61 - 5(i
40^ 43% 41% 43% 3856-44% 32%- 42% 31 - 3.55* 35 - 36
35 - 37% 35!^- 4356 35%- 36% 34 - 30% 32%- 34
so - RS% Si
82% 80 - 8S% 80 - 83-% 77%- 79% 77%- 81% 78%- 81
Wt%- 81%
75 - 7956 70 - 77%
•
-
•
ContrnI ot New Jersey.
ChcHiipcnke «k Ohio
Chiciiuo
Alton
Pi
84%.
99 -102
37%
-
66 - 70
87%- 691
li,:.«.-igUiB.
•
84 - 84
171%-176
C8%- 73%
830%-228
5H%- 57
-
33
75%-
'.0
30
..
..
THE CHRONICLE.
28
[Vol. Lxxxii,
lff05- Continued.
STOCK
JAXDAHY Febu'uv,
MARCH.
Low.Hieb I.OW.Hlpli Low.Hleb
Ohic. Uurl. <& QuIncF-Chlc.tJt E.IIIlnotM, prel
Cfalcaso Orent Went...
4 per cent debenture.
5 p. c. prer., A
4 p. c. prel~.< B
Cfalc. i iicl. <& L., pref...
Chic. Mllw.
<fe sit.
-250
-143
210
142
Pref
. .
24>.i
85
8B
-
86J,
•
67ksvy^
-
Pref.
Pref
Cleve.
<fc
'Wheel...
& Pittsb. aruar.
8peclal
85
65«- 68Ji 66;^
82M- 35 Jt 34X
230 -235
215
-215
JVLY.
AUGU.ST. SEPT'nEK. OCTOBEU. NOV'BEK. DEC'HEII.
202 -802
-205
206
201
Low.Hieh Low.HiBh Low.Hieh how.Hl(?h
-205
136
22 - 25Vg
86 - 88k
24% 17k- 8lk
19%-
8k- 20% 19k- 21
86 - 80H 84k- 86
20
22% •MH- 22
8'
63%- 87
Kl%- 89
84k- 8J
CO
05
67%
64%
63
70k
65
04
«;3kr.vk
60k72 - 78k
62k- 36% 32 -3:k 29 - 32% 29k- 32k 31 - 32% 31 - a^k
.'A
33k- 36?>
1
-
-
22k
87k- 88k
74%- 78%
33%- 36%
21
120
79
105
-
-108!.^
185
-185
184!^-
-205
170)^-1 70J4
-225
150
-120
80
175}^ •181
•
•
-
•
-
21%
87k
7Sk
35%
,
78
77
-
33%- 35%
1
•
-
-
-
-164
164
170
-185
I73k-188
187%-190
--
-
•
36k
•
-
••
•
190
197
•
-
18k 17
-
S2k 30k- 41
-
20
18 - 19k
37k- 42k
93k-100k 93%-b99k 95k- 99
11514- 120
118 -119k 118 -118
85 - 85
80 - 85
17
30
no
-
-110
134k 164k- 184k 183k •183k 182M-182k 182%-183
-199
-200
190
195
-192k 190 -194
185
-188% 185 -191Ji
-195
17 - 19k 18 - 18
14%- 15
10k- 19k 15k- 19
36%- 41% 38 - 40k 37%- 41% 37 - 41k 33 - 40
97 -104k 99 -101
98%-101% 03k- 100k 95 -108%
117%-118
U8k-ll9k
72
- 72
80
80-80
- 86
105k-10ok
183
-183
182
-182
183%-183%
108i^-108k.
Z2H- 25% 2434- 265ii 23 - 27
<&: Southern..
01^^ 64k 59k- 62k
60!^- 63
Ist pret
35!^- 37M 36i^- 39k 31 - 37%
'2d prel
Delavt^are &. i.udson... 180M-186 185 - 196 197 -194%
23
59
35
183
-
30k 24 - 28
26M- 27% 27
29H 27%- 295-^ 27 - 28k 27%- 29k 25
5)
58
63
60 - 62% 61%- 63k 61
62k 52 - 58k 57
61k- 64
39k 32k- 35% 34%- 37k 37k- •40% 39%- 44% 39%- 46% 42 - 44% 42
-
•
-
-196^ I78k- 188
179k- laok
H
Riehta
Del. Liack. (fe Western. 335 -345 346
Denver <& Rio Grande. 30^- 3sy, 32
Pre!
Des Mo. <& Ft.
Dodsre..
85 - 88^
23 - 23
tr. ctfs...
Prel. Totinar tr. ctfs...
Atl...
Dulatb So. Sh.
&
358
-
- S4
•
86!.^-
•
22
5
Det. So., vot.
89
- 24
•
-
31!^- 36
31!^-
12%- 17H
14!^31 -
Sh
36k
19414 193
-225
25
- 37
l8t pref
Evansville &, T. Haute.
Prel
:
Den. City 44
Ft. Worth
Great Northern, pret..- 236
68
&
70
90
- 72>ft
46
-254
-
24 5 -
2&k 24 - 26
6k 4%- 6
31%- 32
- 17
15
70
68-68
-
90
90
44J^- 47
300
-220% 214 -240% 220 -237
Green B. & W.-Ser. A.
Deben. certs., Ser. B.
Hockina: Valley
Pret
Illinois Central
-227U
18
-
18M
- 34
33
13 - 16%
25 - 33%
41 - 47%
76 - 82k
11%- 14
- 27
21
*8
24
-
10k
*42
-
12
24
-
42
15
29
23k 20 - 22%
9
9k- lOkl 10 - 12%
39
41
41 - 42
42 - 4
14
16% 15 - 16% 13%- 16k
28
31% 30k- 36k 33k- 36%
44%^ 48% 45%- 62% 47%- 52k
81%. 85
83k- 86k 81k- 83%
21
•
uk
•
-
-
•
•
•
- 66
63
90
46M- 61
-310
290
65
-
61k- 66
270 -335
63
265
- 69
-296
69!^-
70% 74
278 -284
231
66
95
- 74
72
-294k 287
-
-
65
78:
- 75
20
20
16
-
11%- 12k 11
41k- 42k 38
-
-
-326
23
-
11% 10
-
26
41
37
18
-
16% 15k-
221;
33
-
35%
44%
18%38%46k79k71%-
35
-
-
-
046%- 50% 46k- 50%
080%- 82k 7;tk. 82k
72%- 77k 671k- 73% 70%- 75k
76 - 75
75
- 76
73
74
- 75
- 96
- 76
•
85
- 74
37
21%
41%
49%
81^
76
- 90
72%-
72:
311%-327% 314 -327% b264 -315
288 -292
33
85
20
-
35% 33
-
85
4214 39
-
85-85
27%
10%
90
-
34%
- 90
20%- 24k 22k- 24M 22 - 23k
23%
24% 23
22% 19%- 21
20k- 23k
92 - 9t5
87 - 90k 90 - 93
91 - 91
91k- 99
91k- 93k 90 - 92% 92 - 93% 93k-119% 113k- 121%
91%- 92% 92k- 95k 92%- 93k 91k- 94k 92 - 93
93 - 97k 92%- 95%
90k- 92H 91%- 96% 92k- 95
91k- 94
152?4- ICO^ t55
163k 158 -164 157 - 170 155 -162M 157%-167% 165%- 175k 170k-180% 174%-183 177 -1!^3 173M-180 173 -17;%
104 104
104
104
105 -105
29
3\^ 29 - 32
27 - 29% 26
27% 26%- 28k 27%- 29% 27k- 29k 27%- 29% 25k- 28k 27 - 2&9i
30k 24 - 28
55
58
60 - 50
53 - 58% 66 - 68
55%- 59% 66 - 6
55%- 61
52
51 - 54
54M- 58% 54 - 57k 63 - 67
•
19%- 23%
17
-
23
21
-
-
-
-
-
Prel
Joliet&: Chicago
&, Alichlgan.
36
180
-
30
-
180
37
82!4- 83
29M- 34
63%- 70
14%- 14%
37^
-
K.C.F.S.&in.t.ctts.pl. 81.%Kansas City Southern. 27^- 31H
62 - 66Jf,
Prel
& Des IMolnes....
Pref
Kineaton <& Pembroke.
Lake Erie & Western
. .
Prel
..
Lonff Island
Louisville t& Nashville.
Manhattan Elevated
Mexican Central
Mlcbisan Central
Mlnneap.
St. Louis..
Prel
Minn. St. P. <&S. S. M..
Prel
&
& Texas...
Pret
Missouri Pacitic
Morris A: Essex
Nashv. Cbatt. & St.
L..
of Mexico— Pret...
182
37
-
182
39
82%- 84k 82%- 84
26k- 32
27k- 32
63 - 67% 59 - 66
14
35
-•
-
41M 37
101
-
40k
101 M-
101k
•310
300 - 340
56 - 56
60 - C5k
134!^ 14-ik 137 - 141M
165 172
169%- •175
21^-24>^ 22
24%
135 - 150
56!^-- 60
CO - 62
86 - 87!^ 89 - 91
89H- 99V4 98 - 117k
148 - 160
158^- 161k
30 - 'SS% 3i%- 32%
62 - 67% 63%- 07
104^-108H lOOM-
29k-
30>4
82
83k 31%- 84
44k 34
99k 106 100
350
-
30k- 38k
22%- 29
23M- 27
55M- 62% 64 - 57
- 14
40
391^
41
100
316
56
-
-
-
40
45
-
30M- 35
97 - 97
45
33 - 33
35k- 35k 34k81%- 83k 82M- 855 84k- 8^k 85 37
27
28%
25k- 27k 24%25k55k- 58% 56%- eok 54 - 56% 52k14 - 17k 13k- 14k
46
-
50
28M- 31k 30M- 30k
91 - 96
310 - 310 312 - 320
55
[4 - 67%
50k- 58k 52
140 - 148% 142k- 151% 143k- 150^
161 - ie4% 162k 166
184% 166k
21% 20%^ 23
18k- 22 k
152 - 152 130 - 130
60 - 62
60 - 60
93 - 92
91 - 91
107k- 117 114k-125 12iM- 129
153k- 159 lo5k-16ik 168%- 16,^k
24 - 29
25k- 29% 2Tk- 21)%
•
310
56
56k 61
138Ji 145k 141 - 156k
166% •172k 161k- 167%
20 - 25%
23% 26
150
150
59
62k 63 - 64%
90 - 90
110 - 120%
111 •123
169 •169M 157 - 165%
30%- S314 26M- 32%
58 - 68k 56M- ei% 57k- 64k 62k- 65k
64
69
9y
105k 110% 96 95k-102k 9;k- 101k
185 - 185
185M- 185k 180 190
137 -146
141k 146k 145 -147% 143 -158 140 -:163k 146 -•148% 143 150
401.^--45
38%- 38k
.36
43
41M- 43k 41
40k 33%- 36
21^- 24i4 22 - 23k 21 -22k 20k - 21
21k
18k- 19k 17%- 18k 20
141%-149M 14CJ^- 161
154k •167% 141 163k 136%- 145% 138k-•146% 143k- 149%
-
320
•
-
-
im
-
•
-
•
•
•
•
•
•
& Hud. Riv.
-
52k- 52J^
100
290
Lake Shore
Nat' I
'.id prel
N. y. Cent.
220
-
...
Iowa Central
Mo. Kansas
80%
•
Lcukcd lines stock.
Kana^fha
63 - 83k
20%^ 24
89 - 93
•
-
-
•
-
Rishta
90
84
17^- 21^
91
90
93%
-
28
04% 64 - 60%
44% 44k- 55
•
•
-
250
-
372% -394 365 384k 380 381 380 425k. 424k-470 450 -455 457k-498k 452%- 489 445 -460
35% 34%- 33%
32k- 3ek 31 - 35k 27k- 31k 27k- 30% 29%. 3>H 31%- 36k 33%- 37k 33 - 36% 34
85 - 90% 83k- 87
87%- 91
85k- 89% 85k 87% 86k- 90
88k- 90H 66 - 89% 80%- •88% 88k- 91 14
353k-400
37?^-
3d pref
211
- 29
Ik
1
-
35.5.4
21
30H- 34%
44^ 43 - 47}^ 44%- 48%
87k- 43% 30%- 41%
74%- 79% 77M- 82
T5M- 82h 79M- 81^ 79%- 83^
55i^- b7H 64!^- 66k 65%- 71k 61k- 71M 61 - 67k 64k 71k 70k- 75k 73%-
Pret
Erie
•
•
61
80k 49
-
15
- 16
16
- 17
- 63
33 - 37k 36 - •47%
96 - 99
96 - 95
ilO - 326
325 -325 325 -345
(5 - 71
64 - 73% 67k- 71
65k- in 65 - 67
145
152% 144%- 157% 149%- 156% 146^-154% 149%^ 154%
165
16?% 163k- 166Vi lG5k- 167k 162k-166 181%- 164k
22 - 25
22k- 24?-. 23k- 25% 22k- 24% 23%^ 25%
140 155 140 - 140
140 - 140 146k-143 145 - -149%
03 - 70k 68 - 73
88
73 - 843s 79 - 81k 78
98 - 102 102 - 106 lOOk-lOOk 100 - •102%
92k- 100
la^k- 143k 134k- 144 L35 - 142% 136 -140 136k 145
173
162k- 166% 1(54 - 170 160J4- 164 162k-166k 165
39%
33%- 35
28k- 35
81k- 34% 33%- 39k 35
71^
63.% 73
68%- 72k 67 - 69% 67 - 72k 61
99k- -109% 102%- 108% 102M- 106k 96k- 104% 99 - 103%
18ek- -186%
145 - 154 148 -148 146 -148% 145k-152
14>(k- -153
35k- 40Ji
37k - 39% 37k- 38k 36 - 37k 35%- 38
19 - 19
18k- 20% 80 - 21%
20k - 21k 19%- 21
146k -156k liik- 152% 147%-164k 147%-152% al44 -167
32
96
315
--
37
96
325
-
33
-
95%-
33k-
95% 96k
•
-
-
•
-
-
-
-
•
-
-
-
-
-
4k-
42 - 46K. 44
48
45 - 51k 47 - e6k 43-49
44 - 48% 47 - 53k 50 - 54% 49 - 56%
119
114 -117%
1st prel
122H 117% 117% 115 -115 115 -116
5 - 82
75
80
3d pref.
78 - 83
74 - 81k 78 - 81k 80 -83% 80-84
85%
77k- 85
400 -400
N. Y. <& Harlem
402 -402
400 -400
135 -135
N. Y. Lack. Oc West
134%-134%
N. Y. N. Haven <& Hartl. 198J6-203 200M-:210k 200 -208 801k-204% 194 -203 197k-200 199%- 202k 301k-211 207 -216
-
-
•
Rights
N. Y. Ontario dc West...
& Southern...
& Western
40%-
Ist pref.
pret
'.id
Pennsylvania RR
49
-
63% 44%- 52% 49
-
53% 50k- 53% 62k-
58
77}^ 80%
84% 83
91H- 94k 93
- 94
76%- 67
76
94k 91k- 91k
-
80k 77k- 85k 84%- 87k 84-%- 87
92k- 96
93k 93 - 93k 93k- 94
84%- 9Sk 92
78M- 84
-
95% 87
-
94
ks
-
1
136
-
7
76k
-121
-136
-204k 191%-198k
-
- 40
50 - 50
83%- 86k 84%- 8S%
92
216
- 82
-
-
i'2
--
87
93
83
- .86%
93%- 93%
191%- •205% 193k-207%
99%-107
100 - 106
•
•
105 - -108% 107k'-108
137%- •146% 138%-141%
%
•
&
lUi4-lHk
201%-209% 200
•
Peoria <fc Eastern
27 - S4'H 32k- 45k 3»%- 48k 40
35
43
40 - 40
48% 32 - 37
Pere Marquette
77 - 9794 98
100
100 -101
100 -100
80
Prel
87
e4k- 87k
81 - 8ik 78%- 80k
Pitts. Clnn. Ch.
St.L 75 - 79
76 - 80
7Wk- 63k 79k- 87% 74 - 82
70 - 77k 76 - 78
-108
Prel
108
1C5
108 108k-112
108 -109 106 -106
Pitts. Ft AV. .V' Cb.. KU 185 -1S5
84k- 184U 184k-184k 184 -185
183k-183k 182k-188
Note.— Chic. & N. W. rigbtssold 1q JcneatlSkto l6k.
Trust Co. certlflcutes. assessment full paid.
-
-116
56
117
86 - 86% 82k- 87k 88 - 95
-
100 -104
105 - 108
103 -108
104 -104
85 - 86:
87 - 98
95 - 95
91 - 94%
135 -1391^ 137%- 145% 140k-147% 137ki 144%
Rights.
115
93 - 93:
-222 323 - 223
206
220
169k-196 181 -190 187%- 208 204 - 216 205%-214 301 212k
90
94 - 107k 103 -107% 1U2M- lOJk
84k- 85k 84 - 89k 90
105
103
103
105
91
85 - 89% 85 - 85
96k 95 - 107 104 -106k 104 109
131k-140k i33%-141% 140 143k U3k- 148 110%-115% 142%- •145%
91J^-
-
-178
165
63 - 56k 51k- 56
4%- 5%
62%- 55% 52%- 66% 50% 65% 60%- Ol.k
40
92
Northern Central
Northern Pacific
Pacific Coast Co
43k- 56M 53%- 64
45}i
58%
84k- 86k 82k- 86
29%- 33!^
27% 20 - 32
flOk- 68%
58% 63k- 64
67
Kights
N. V. Chic. ifeSt. Louis.
Norfolk
Norfolk
Pref
20H- 22
85% 86%
88 - 88
88
170%. 182k 179 -187 176 -184% 178%- 183 172% 181k 175%-182k
168k^ 179% 70%- 178
186 -186
183>g 188
186
189
186 -191k 185k 190
187 -lS9k 183 - 189
186k-191
205 - 233 al90>6-208 206
218 312 -224?^ 210k-218 314k-224k 213
223% 217 -224
210 - 240
235 240 -248k
235
>A0 -249
250>i 250k
i44 -244 240
•
•
Colorado
Keok.
135
-
19%.
66%74%33%88
-
173%- •183% 170M -187k
192
185 •192k
190.34 185
18S
236 •249 236% 246% 225 •245
250 -262
256 -265k 257 - •263
•170
17(5
170
171
195
211
195 •2021^5 175
198
200 - •200k
205
205
14%- 19k 16k- 19
17
19%
30 - 36
27 - 35k 31 91 •108%
94 - lOOJ^ 971^- 111
120
121
U9>s •121% 118%- 118%
85
85
90
90
80 - 80
108^- 110
no - 110 no •110
195 -230
Prel
Chic. Terui'I Transfer..
Pret
17H- 32.^
Clev. Cln. Chic. &. St.L>. 90 -102k
Cleve. lior.
June.
I..OW.HlKb fjOW.HiRh fiOw.HiKh Low.HlRli Low.IIIrIj
•142
2m-
234
Chic. R. I. «Sc PaclOc.
Chic. 8t. Paul M.I& O..
-250
-
183H-102
205M-240
& North^vetit
250
142
24^ 22
Faui. 171H-1785t
I'rel
Chic.
May.
APUII/.
>*.
40
44k 38
- 39
36 - 42
38
- 42
-101% lUl -101
80k- 84 k 63-84
40
-
47%
48
-
50
99
79 - 81
78 - 83k 80 - &3k
106 -110 106 -106
80-83
83k 8^%- 88%
106 -106 103 -108%
80
-
182%-182%
a Ex div.acd rights.
b Ex-rights.
.
..
THE CHRONICLE.
Jan. G iOOG
29
1905— Continued.
.TANITARV Kkuk'ky
Makcii.
Low. High IjOw.Hl(<h Low.Hleh Lnw.HlKh
Itailroad
2d prel
Rensselaer dk Sarntoer
Rock Inland Co
Vret
& Offdena
Rutland, prel
St. Jos. &, Or. Island..
«2
79
-
84
-
-
mn
O.'?^^-
90^ 88
91H- 03M 92
Low. High
96
95
- !>7H
-
^%
9594-
»fi94
889i-
9.(
921^- 999i
91 - 92H
91
9694
94 k.
9694- 97
91^,-10094
-
94
92
8«9^- 9194
90 - 91K.
85^- 87
34
-
37
;!2Ji- 36J^
27k-
36)>f.
2494-
30% 25%-
799i- 8294
78^-
74
82
71%
75
i7h
17
U
- 14
589.1
5 7 - 5-i9a
arj^- 29>3
51
-
-
- 93
96H86%-
88
89
3:%- :i7y,
79H- 85
69
8194
-
9J
67
-
Ist prel
29
100
St. liavr. <&: Adirondack ICO
St. I,, dc S.Fr.. lat prel 76
70
2d prel
K. III. Btk.tr.ctlM. 175
V.
- 179i
78
70
&
179^
Prel.stock trust ctif.
New stock tr. ctls..
St. Louis 8outhivest'n. 24!^- 27Vj
57 - 03H
Prel
Southern vot. tr. ctls
36
stamped extended....
90
Pref. do do
8794
O. stock tr. oils.
M.
Southern Pacific Co
685S
Prel
11594 118^
-
-
&
-
177
55
lf>M.- 1794
52
24M- 26M 26
- 799^
77M- 81k
73k
-
70
-17 8k. 178
73H
-192
-133
I34i^-134H 133
- 92
90 - 92
87 - 91%
-
£8
- 27)^
- 67
309*
93%- 94k 95 - 100k 98% 99% 97k^ 99
98%- 98k
99%-1089» 103% 12594 11456- 124 11994^ 129% 128%- 1439s
91.'!4- 95% 9194- 9ik
9194- 95
92%- 959* 91 - 97
91%- 98
91%- 96
93 - 100% 9794- 100% 96 - 101
210
210
2996-
27^1 25
0U>4- e4,U
-
-
76
609<i-
33%- 36k 33%
97
-
98%
3694
9a)^-100
98-9
6594- 719*
-121J^ tl<%-119
118
-
...
-
13
12
32J^-
3b% 34k- 38%
37
-
41
-
64
60 - 05
58
-
58
9194- 93
95
-
97%
21J4- 27
-
-
67
45
-
-
-
75
62
75k- t&%
..
24
22%- 24k
2396- 279*
6194
58
00
-
59
21
68
26
62k 62%- 65
32k 32%- 35
20
T39g- 739a 74 - 76k 77 - 78k 76 - 7994 7894- 7994 76%- 79
70 - 76
65 - 71k 61 - 67!^ 64 - 6Sk GOk- 699a 08k- ';i-54 CC%- 7094 64 - 71% 5594- 6694
190 -190
190 -193
190
194% 183 -190 190 -190 190 -190 180 -194 181 -181
133)^-134'., 132 -133
133%-134
136 -135
130 -134
- 63
97%- 97%
133%-141%
134k 134k
64
7596- T894
64-);
23k- 26
60k- 04
25
24
- 2356
21
60% 65
-
60%
28%- 32% 32k- 3496 33%- 36% 3456 38
35 - 3756 33%- 3694 3356- 38%
96 - 9794 98 - 99
9SH-100% 9994- 102% 98 -100k 97%- 99-94
97 - 97
99%- 99% 99-94-100% 10094- 10094
99 - 99
99 - 99
581^- 09% 6794- C396 6096- 65k 63 - 60% 04k- 08i0494 6994 6794- 72% 60-94- 709i 6156- 71k
110%-118K. 116k- 1195(i 117%-121
117%-118k ll-94-120k 119%- 120% 111) -120% 118%-121 U794-122k
2096- 35^^
95 - 97V«
28
32
95
96k
97%- 97%
299i-
39% 30
-
8394
- 19
19
7296-
34% 23%- 30k
81% 60%^ 74
-
5i
& Pacific
35% 31%- 34%
81% 78 - 80k
13k 16 - 17% 17 - 18k 17%- 19k 17-94- 22% 20
46%- 48
47%- 52k 50 - 52k 52 - 57
56 - 62% 59 - 63
58
22 - 24k 20 - 23-94 21%- 24% 23%- 28
27 - 3194 2756- 32% 31
13
27^ 22 - 27k 20 - 24k 22 65H 56k- 669% 65%- 64% 59%-
Texas Central
Tol. Teorla <& Vt cstcrii
Tol.St.L.&W.,v.tr.ctti. 35M-
32k
7494- 77%
135k-135k 136 -137
60 - 63
73
309476 -
....
259<i-
•
Texas
Dec'ber,
Ulgh
2009^-2099;:
2d prel
Prol
IjOW.
8ecuriti«B.
Cent. 8tk.tr. ctis
Reading:
Ist pref
III.
Rome Wat.
MAT.
April.
STWCKS.
- 62
82%- 82 k
31%- 3496 32%- 34H 33k- 3796 35
65 - 55
90 - 90
- 38
3394-
36k
3294- 355i
3294:- 36!
19 - 19
37 - 39
3b\i- 37^ 36 - 40% 35 - 43'li -34%- 39
37%- 39% 37%- 385* 37k36 - 39% 36%- 38% 36 - 3796
519a- 5494 53k- 50% 5294- 59J*, 64k- 65
5294^ 58k 55%- 67% 55%- 57% 57 - 59:>* 57k- 59.% 65%^ 59% 56 - 58k 50%113 - 1231.^ 121 -137% 127 -1309^ 118 -137
115 - 124% 119%-r29
126%-1319* 1291.^-138.% 12896- 1.34% 130-94- 13ok 12794-138% 134%--15194
m%
Pre!., Tot. tr. ctls
Union Pacific
Prof
Vandalia
97
Wabash
20H-
22>^
21%- 239* 22
-
44H
4394- 48
Prel
41
-
98H 97 -101^ 99k- 100
- 239s
Ist pref.
2d prel
1:5^-
19H 18^46!i,
Wisconsin Central
Prel
18
16
- 199,
44%-
47!^
26
28H 24
2
2194
26%- 28Wi
22)6- 2514
45
-
64
49>6-
;36
-245
-
-
98
17
41
-
- 27
2394
- 249f.
24
22}^ 25
20
6)84- 541
46%- 54
t4k
96%- 98!
97 - 99
85k- 86
17%- 20% 18k- 209* 18%- 20
37%- 41% 38k- 41H
37 - 43
96
19k
39%- 45%
45!^- 48
21J^-
- 239-,
41k- 47k
19!^
i.5j4-
-100
-100k
441^- 4794
Warren
Western Maryland...
Wheeling A. Lake Eric
98
85
19
5094
98%- 99
96
-
96%
9i94-
97k 95%- 98% 90%- 99%
8394- 85
24k 20%- 2394 20%- 22% 20
44% 40
45k 40k- 44% 38k- 42h
185%- 185%
27 - 2994 20%15 - 17
1556- 16k 17 - 18% 1656- 18
10%- 18
17 36%- 41% 38%- 41
39 - 43% 40 - 43
4194 38-42
40 22-54- 259^
23 - 25% 22 - 25% 23 - 26k
26% 24 - 26! 25 2194- 2194 •-'294- 249f 23%- 33% 28%- 32%
28 - 30% 28 47%- 53
64% 58%- 61k 58k50k- 52k .51%- 6294 57k- eik
23
2096-
-
21%
42
30
1996
4396
2796
31M
64
EXPRESS.
Adams
American
United States
Wells, FarKodc Co
COAL.
<&
-246
-134
-260
245 -245
^26 -238
126 -134
2491^-252
240
225
124
245
-250
-238
-129
-250
250
234
-250
122
-124
-245
.45
122
235
-125
-235
-243
-225
45 -219
230 -2;;5
123 -1249; 125 -120
235 -2.30
335V6-245
J42
-244k 220 -230
220
225 -230
12194-125
243
222
120
:35
-243
-230
-125
-236
325
117
237
m
-280
-123
-245
-226
-123%
2^0% 245
110
flIIMNU.
Amalgamated Copper.
American Coal
Anaconda Copper
&
70
77k
&
731^-
77% 76
- 819^
7^- 89%
-
84% 77%-
8j:>,
81%-
8194
8296- 889.
7996- 8414
81%- 86k
175
-110
I03i4-112% 105
65 Central Coal
Coke.
Colorado Fuel ic Iron.. 43 95 Pre!
Col.
H. Coal
Iron. 149iConsolidation Coal
71 Hoiacstake niinins..
.
&
108
-123
110
-130
60H 641^- 61M 65«- 71%
48% 46 - 54
50%- 59
42%95
18H
73
Wilkes Coal
New C'entral Coal, new.
Lehieh
246k 250
209)^-234
238
120 -125
122
285 -247»« 246
85
16
73
73
-100
42
- 42
-
100
-105
100
15)4-
18%
75
78^ 79
17k
579-4
-104
1496-
100% 114
38
95
-
102%-1C9
47k 39%-
459*
106
-114
43k-
439*
-
113
41k-
14% 11%- 14
1194-
80
79
-
78%- 78%
42
-
42
1296-
4794
41
93
-
109
115%-125% 115
46k 43%-
4896
92
14% 13%-
16
-
';5X
40%-
89
-lllJi
15294-295
4994
4456-
58%
93
92%- 94%
- 'iS
-
9094
-169
-168
93 - 94
91 - 01
94%- 95%
14%- 1594 15 - 17% 14 - 1696 1594- 20
-
8-)
17k
-118k 107%- 125
8%-
-175
-
-
77%- 80
77%- 80
80
- 80
iSc
42
-
42
Ontario Silver tllinlnK..
35^- 4
2%- 2k
Flttsbure Coal ol K. J..
17 - 21
1456- 19k 12%Prel
73%- 80k 62%- 7654 45%- 1
Quicksilver Minins1%- 15*
1
Prel
394- 394
2k- 4k 296- 2-fe 3k- 2k
Tennessee Coal <& Ir<>i 158 - 73^ 71k- 9"94 8t)%- 99k 80-94-106'.-. 73 - 87k 74 - 85
9296
40 - 43
Wbl, Iron Coal &. Coke
4i - &2H 45 - blH 41H- 501. 37 - 45
36 - 40
41%
1-1
1-1
1-1
1-2
13%- 10
60%- 57%
%-
6394-
9:
86%- 91%
82-94-
41
40
-
81%- 82
80 - 81
45 - 45
4i
-
2
Ik- 3% 294- 6
13%- 165* 14%- 17%
16% 15%- 16
57%- 63%
59% 54%- 5994 52%- 59
1 IK
%- Ik
§4
4-4% 3-3
3-4
88% 84k- 92k 90k-129
39 - 42k 42 - 62
43
118%-148
47
-
52%
VARIOUS.
Allis-Chalmers
Pre!
Amer. Agric. Chemiciii
14
-
04
20
-
18
66
- 219*
Pre!
Amer. Beet Susar
24
Prel
77
Amer. Car &, Foundry
Prel
Amer. Cotton
Oil Co...
Prel
Amer. Uiat. Teleerapli
Amer. Grans Twine.
Amer. Hide &, Leathci
Prel
American Ice Co
Prel
Trust Co. ctls
Pref. Trust Co.
- 24
- 7/
31M-
34!>6
91 '4-
94%
334-
36}^
95
38
- 95
-
38
10'^- 14
45:34-
IIH
61K
6>i-
6%
9J«-
15%
14% 1:% 13 - 15% 13%- 14k 14 - 199*
54
62k 46%- 54% 50%- 52k 51%- 63 k
2194- 22H
- 24% 24
29% 22 - 25k 3396- 24% 23k- 24%
89i,jj- 92
90H- 911^5 899^- 91% 89%- 89%
24 - 269i 25 - 34% 2794- 32
25 - 31
24 - 24
25 - 25
78 - 82k 81 - 85
84%- 8i
80 - 83
82 - 85
33 - 36k 34^- 3994
4396 31 - 37% 32%- 35% 34%- 3794
9294- 95k 93i4-100}« 96k- 104% 94%- 90% 97 - 99
98 - 99%
33%- 37
Si%- 36k 33%^ 38
30k- 33% 3096- 32k 2794- 33%
95 - 97
93
93 - 95
9594 94 - 96k 92 - 95
89k- 92
29 - 32k 29 - 3194
33
33
<>%- 794
8-11
7
9
IH- 9k
5k- 6% 5%- 6k
9^- 10k 9%- 10% 8 - 10k 7k- !'% 6 - 7% 6 - 7%
479^- 52k 50^- 66% 42
52k 40 - 47
3ik- 42k 34565>^- 7k
5%- 5% 6 - 6
62
19
14%- 18
1596-
68
56
20
54-94-
- 64
-
-
-
- 41
3896- 40
39
-
4%ctfs...
Amer. Ice Securities
American Linseed
38
4194
4%34
-
5% 4%- 5
39k 35 - 38
..
Prel
American Locomotive
PreS
15M- 18
36 - 40
33 - 38
03M- lllj^
6M- 894
American Maltinn..
Prel
27J&
Trast Co. ctls
Prel. Trast Co. ctls
-
39
6
15%- 17H
16
-
20k 17%-
2294
16%- 19
25 - 2794
18 - 18
19% 15%^
04
23%- 25
95 - 95
6%
7%
36
40
39k-
36 k- 4394
41-54-
461k.
-
.18%
17
-
-
21% 18% 21k 19%- 24%
6996 63% 60%- 60k
24
2594 23k- 25%
59k- 649
25k 23%- 26
61!-i
8%
5%
-
9394
9396- 9396
6->4-
in
23
- 2394
83%- 89
3794- 429*
100
31
-
Am.
Am.
smelt, .•ec, pi., U
smell's «fc Refin'c..
8694 85 - 93
Prel
Ulk 119% iie94-ii9*(i
3094
37
-
Col.
Fuel
& I. rights
42%
31%- 40%
92% 93% 91
-
93
45
894- 139*
0-11
31%- 38
6%- 7% 694- 89* 8 - 1196
29%- 34k Sl - 36% 34%- 48X
20%- 27%
26il- 28^3
6
-
7
-
37
2494- 27
17%- 20k
- 2994
1894- 19
26
2656- 299j 29%.
i:k- li.% 16k- 18% 18-94
S9%- 429* 40k 43k 38k- 43
11
47%- 5494 63% 719* 64 - 73k 67
112k- 116k 113 - 117 k 11394-120k 115
4 45*
4k- Ok 6 - 6k 4%23 - 2-1-9* 24%- 20k 25%- 27k 25
17
-
1894
5
-
2494-
36
23
45
76%
118
5
26k
5
26
9T.96- 98 V,
98 - 98% 98 - 999* 07k- 99k 9856- 100
09%- 10094
98 -102
103% 103 -123(+ 106k-11896 10896-11994 115 -1245(, 12394-131% I22%- 128k 12.^.%- 189-94 137 -157 k 1.50k- no>6
118 -12394 121%-127
11694-122
117 -122
119 -1239* 121k-128 120k- 12394 120% 125k 122%-136 126%- 137
8994
I
NOTE.-RanKe for
.38%-
98 -102
101
5k- 6 k
25%- 26
.
91 - 91
23 H- 35
6-6
37
43 - 48k 42 - 409:j 39%- 41% 40 - 4294 41-42
61k 44 - 53% 4.0%- 49% 4Gk- 50% 47%- 60k
52k 47
no -HUH Ul%-118k 113%- 12294 108%115k 11094-114 11096-112-94 lll%-119k
7 - 7%
«% 896 6 - 79* 6k- 0>i. 5k- 6V. 5 - 5%. 4%- 4-%
- 2o% 22 - 26%
t
23,^- 21'^ 25 - 28H 23%- 26^
21%- 24k 20 - 24
37 - 41
53
23
23%- 25% 24!^- 26% 24%- 20%
84 - 85
85 - 86
82k- 84
36k- 8894 .35 - 38% 3094- 43%
99 N; 102%
99 - 101
99k- 102
30 - 33%
29k- 30% 29 - 31
92%- 95
95%. 95% 97 - 97
30%- 31% 2994- 32
31 - 40
-
39
35k-
-
iyM8% to
2%
inApril.
. ..
THE CHRONICLE.
30
[Vol. lxxxii.
1905— Continued.
Dbc'beb.
STOCKS.
American Snail
Prel
Amer.
Steel Foundries
i'rel
Amer. Susar Ret.
Co...
Prel
Amer. Tel. <& Cable Co.
Amer. Teleph.dk: Telee.
Amer. Tobacco Co., pt..
Am. Tobacco (ncvr) pt.
American Woolen Co...
PreJ
Risbts
Asxociat. Mercb.,
1 at pi
Brooklyn Rap. Trans
Broolilj'n Union Gas ...
Briina. Uocli:
Butierick
tSi:
C.Impt.
(;o
Ccuiral Lieatbvr
el
1'
Ceni. d: So. Am.Tel'ff'h
C'liic.
Lnion Traction...
Prel
Conttolidatod Gas
Cout'ntai Tobacco,
pt.
Corn Products
Prel
Detroit United Ry..
..
Diamond
IVIatcb
Distillers Sec'l's Corp
Dlstill's of Amer., prel.
Eastman Ivodak
Elec. Sioragre Battery.
Federal
& Smelt
lUin.
Pret
General Chemical
Pre!
General Electric
Riabts
Gold t&r Stock Teleg'pb
Havana Electric
Pret
H.B.ClaflinCo
Ist pre!
pret
'.^d
International Paper....
Prel
International Po\ver...
Internal. Steam Pump.
Prel
Knick. Ice Cbicaso)....
Prel
liaclede Gas, St. Loals
Prel
Manbattan Beach
Co..
nietropol'n Securities..
Metropolitan Street...
Montreal
L..
H. & Pow.
National Biscuit
Pref
Nat. Enamel.
Stamp.
Prel
National Lead Co
&
Pref.
Ne\f York Air Brake
N. Y.Dock
Pref
N. Y.tSEN.J.Telepb...
.
Rlghta
No.
Am. Co., new
stock
Rights
Pacific Mail S. S
Peoples' G.-L..& C, Cb
Pbila. Rapid Transit
P. Lorillard, prel
Pressed Steel Car
Pref
Pullman Co. (The)
Railway
Steel-SprlnK..
Prel
Repub. Iron
&. Steel.
.
Pret
Rubber Goods Mfff
....
Prel
Sloss-ShelKeid St'l <& 1.
Prel
Stand. Rope dc Twine..
Texas Pac. Land Trust
Third Avenue
Toledo Rys.
LiKbt...
Twin City Rap. Tran..
&
Pre!
Risbts
Union Bae
&
Paper...
Pret
United Fruit
United Rys.Inv.ot 8.F.
Pref
Un. Rys. ot St. L., pref.
U. S. Cast Ir. Pipe <& F.
0^90 -
i)Vyi
- »2Ji
88Ji-
91H
83
85
-
40.M-
Pref
U.S. Leather
48X
91H- 96^
U
Pref.
aEz-div. andrlgbtfr
89?« 87
-
15
115>i-118}6
b Bx-iltcbis waicb aula
m a.
— —
k
.
Jan. 6 1906
%
k
4
4
.
.
.
THE CHEONICLE.
I
31
1905— Conolu4lc<l.
JANUARY Febr'ry. March
MAY.
April.
AUGUST. iSEPT'BEK. October. NOY'BBR.
July.
iSTOCKS.
Low.mgh
Low.Hierh IjOW.HlKh Low.HiKh Low.HiKh
U. 8. L<eather-(Conj—
Trust Co. ctls
Pref. Trust Co. ctls....
11^ 12U 11 - 14M IIM- 14!^ 10%- 12>s 11 It 139^- 14M
103)^10oJ^ 103%-107% 107 -110
106 -108-54 107^- 111% 11151-114
77 - 82
89 - 9SV(j 88 9i
89 - 93
89
soci- 94% 87 - 91
819ii- 91
87k
85M 89^ 84
84-H- 90
18 - 18
271-627?^ 40^4 20 >4- 33
ii2ii- 29
31% 27% 30%
2dJ6- 33^ 29%- 34% al - 35^ 2m- 32
35
35
41 - 56H 55
70 H 51!?^- 63^^ 00
64%- 72!4 64i^- 73
67% 06 - 70
73H 651^- 73
S3U- SSH 36H- 41i» 40 - 43-54 36}^- 45^, 85>6- 421^ 36!-^- 41!^ 40 - 621^ 51 - 55
47%- 58)4 50^^ 67
4796- 57
102 -1181^ 104 -111
iOOJ^ 115
101>«- 109>^ 108}^-113!^ lOOH- lUk 108
1149* 10996 -112 106V4 112i4
98J6-101J< 100 -115
81
28M- 3114 SO - 35^ 3394- 3T^ 30»i- 3814 24%- 33^ 25!^- 32^ 31J^- 35^ 34%- 37% 3196- 38^ 37 35M- 38k
9iJ^9816-104
03^- "'M 9o.M-101T« 90-MlOl^ 91 -100
93H- eo
103Wi- 105% 10196 1059* 103V6- 105% 1009i-•105%
32>6- 39
33 - 37?^ 34 - 38
A3<,i- 39
31?^- 35>(, 83 -- 36^^ 33M- 37^^ 32M- 35
33
31>d- 34% 32 k- 41'/4
105
105 -LO'Ji^ 10(%-110
104%-100
10o%-108>^
105 -108 105M- 109 106 - 108 lOTi^-•113
-108H 103^-107^4 107 -lC93i
U%, 10 - lOH
8 - 14k 12%- 12% 12 -- l•^^
10 - Ilk 11'4 IVA
10 - 10
8!i,49 - 62
bi'-H' 54^
92 - 95>4 92^- 94^ 92%- 94^ 92)6- 94i4 92 - 93)^
- 95H 92%- 93-^ 93Vi- 9496 93 - 94'4 92%- 93% 92k- 93k
176 -l*Ji^ 178 -182
170 -184
180 -183
153 -1721^ 166 -169
i62H-171 168 -171J4 166 -170 L68 - 177 167k-•179
191 -J9.i^ lOa -190
192 -192
190 -19i
195 -195
LH4!^- 197
190 -197
190 -192
-
MH
v. 8. Realty «feliiipt..Kefin'e.
V. 8. Keiluc.
&
•
Pref
U. 8.
•
UubberCo
•
l8t pre«
ad
Low. High Low.HiKb Low. High Low. High Low.Hieh
prcf.
-
U. 8. 8teel Corporation
-
•
am
Prel
Va.>Car. Chemical
Pret
Vulcau Uetinnins
Prel
Western Union Tel'sh..
Westinah. EI.Mls.uss't
-
67M- 72J^
49%- 57%
108^-112%
79
36
-
COURSE OF PRICES OF STATE SECURITIES DURING THE YEAR
-
83%
- iSVi
10i%-107
3m-
5896
irJM li89i
914-
•
Ist prel
- 91
- 329i
84
29
10k
50 - 52
92 - 93k
170 -177k
187k-180
1905.
1905.
January.
February
March.
May.
April.
June.
Awgust.
JvXy.
September
November.
October.
December.
Securities.
Loie
—
Alabama CIa.ss A,
No. Car.— Consol.,
Low High Low High Low High Low High Low High Low High Low High Low High Low High Low High Low High
High
lOU-2-lOlk
4 to 5
102
-102
20
- 23
i02%-l62%
1910, 4s-..
Tennessee
New settlement 3s. 1913
Virginia— Funded debt. 2-3s, .
6s, deferred. Brown Bros. &
96k— 96M
97^8- 97 k
143^-
18%
-14
13
96
97
-96
-97
96
-96k
97
-97
12
-12k
10
-12
11
-12k
95
96% -97 k
-113^ 11
10
-96
96
-96%
96k- 96k
-14%
14
-15% UVs-lSH
15k-
COURSE OF PRICES OF GOVERNMENT SECURITIES FOR THE YEAR
[Compiled from sales
made
at the
New York
16H-24k
18
1905.
Stock Exchange.]
190d.
Coupon Bonds.
3s.
1918,
1918.
small.
Coupon Bonds.
Registered Bonds.
a
3s,
4s,
is,
1934,
1925. Phil .i
4s,
190'7.
2s,
3s.
cons.
1918.
igoV.
Registered
a 4s,
1934,
3s,
2s.
I
4.<t,
cons,
3s,
1925.
1930.
1918.
1918.
small.
4s,
\
4s,
I
1925. Phil. I
1907.
Bonds
2s,
3s.
4s,
4s.
cons.
191S.
1907
1925.
July.
Xl05%
xl05%
2105%
104N
lOSki104%,.
J-105%
104%
104%
104%
104%
XlQi
a;104
a;
104
1104
Opening
105%
105%
105%
105%
109%
109%
109%
109%
Highest
104 k
__
__
.2104
104
104
Closing
.2104%
August.
Opening ._
Highest Lowest
104%
104%
104%
104%
2103%
2104%
2103%
2104%
103%
103%
103%
103%
2l04k
.2104k
.
104%
Lowest
,
.
.
.
104% 21.33%
104% 2133%
104% [2133%
104% 2133%
Closing
September.
104%
105% 133
105
133
105%! 133
105%| 133
105-k
:
104%!
105
'
'
110
110
110
110
I
104%
104%
104%
104%
2132% Opening
'2132%
103%
..
Highest _.
Tl05k!
ilOSki
'
104%
104%
104%
104%
I
ill04%t
|a:104%|
I
2104%
2104%
2104%
Xl04%
Opening
104%
Highest
104%!
104%!
104%
2104%
2104%!
2104
2104%;
I
104
104
104
Xl32k
109 k
109 k
-2132k
109k
109k
;xl32k
1
1
Closing
2132k
I
k
'
i
November.
Opening ..
104
103%
104
Closing
..12103%
..
December.
Opening ..
2132%
Highest __
!2132%
2132% Lowest
2132% Closing
j
a Philippine Island purchase
2 Ex-interest.
..'2103%
..2103%
..1103%
I
104
104
104
104
i
Lowest
'Highest
104
104
103%
109
109
109
109
133
133
133
133
104k
104%' 104
104%, 104
104%
104%
104%
104%
104k
104%! 104%
Lowest
;
\
I
104%
104%
103%
._
__
k
k
103k
103 k
103
103
money
104
104
104%
104%
104k
104k
134%
134k
134%
103%
103%
103%
103%
108%
108%
108%
108%
2105k 134%
2105k 134%
2104% 134%
2104% 134%
2104% 105%
2104% 105%
2103
105
2103%; 105
105k 2133%;
105%Jl.33%
105'»J132%
105% 2132%
133%
103% 105 's
103% 104'4
103% 105J4
133"s
.:
103%
132-V4
132%
103kxl31%
103% 2131%
102% 2130%
102% 2130%
110%
130% 110%
130% 110%
130k 110%
103>^
103 ,k
;
103%
;
103Vf 104"<
103%! 130%
I..
102%:
4s.
134%'
I
104%
104%
104k
October.
106
106
106
106
105
105
104ki
103%;
2132% Lowest
2132% Closing
1914-34.
QUOTATIONS OF STERLING EXCHANGE FOR EVERY DAY OF THE YEAR
1905.
(Compiled from posted rates of leading bankers.)
8»05.
January.
Sight.
60 d.
March.
mFebruary,
Sight.GO
i
d.
88%-9 4
86-% 88%-9 4
4
88%-9 4
.
4 88 ,86-% 88k-9 4
4 88
S.
4 88 86-k 88k-9 4
""
4 88 86-%
88%-9 4
86-% 88%-9 4
81
S.
9 4 85%
4 88 80-% 88%-9 4
10 4 85%
4 88 8088%-9 4
114 85%
4 88, 86-% 88% -9 4
S.
12,85k-6 88-%
13i85%-6 88-k
Holiday.
4
S.
Holiday
85k
4 85k
5^4 85%
6i4 85%
74 85%
4
-
Sight.
d.
.
'
April.
eOd.
85k 87%-884%
85% 87,k-8
85% 87%-8 4 85
85% 87%-8 4 85
S.
May.
Sight. 60 d.
80% -7 4
S.
4
4 86%-7 4
•5
4
4 85 4
85-%
85-%
85-%
86%-74 85-%
86%-7 4 85-%
87
,4 85-%
\
June.
Sight. GO d.
87-% 85%87-% 85%87-% 85%87-%
'
87-.'
S5k-
Sight.
6
6
6
i
November.
December.
August
September,
October.
Sight. GO d.
Si. ht. GO d.
Sight. GO d.
Sight. GO d.
Sight.
Sight.eOd.
July.
md.
87%- 8 4 86
87%- 8
87%- 8 4 86
4 88
S.
4 88
S.
Holiday.
6 87%- 8 4 86
4 88
1
i
;
85%
85k
85%
85k
85%
4
4
87%
87%
4
4
4 87%
4 87
4 87%
S.
85% 4 87%
85% 4 87%
85% 4 87%
85-% 87-k
85-% 87-%
4
4
k
Holiday
4
4
85-% 87-%
4
S.
4
83%
83-%
83-k
83-%
83-%
83-%
86%
86-%
86-%
86-%
86-%
86-%
4 87
87% 4 83%
87% 4 83%^ 4 87
87k
87% 83-% 86% -7
83-% 86%-7
S.
86% -7
84
4 87% 83-%
83-% 80% -7
Holiday.
83k-4
4
4 84
4 84
4 84
4
4
4
4 88
87-% 85%- 87%- 8 4 86
4 85-% 87-% 4
4
85% 4 87% 4 85 4
85%- G 87 k- 8 4 86
S.
4 88
4 84%-5 4 87 4
85% 4 S7%4 854 87
S4
4 86-%
4 84-5 86 k -7
4 87!- 4 83
85% 4 87% 4 85- •% 4 87 l4 85-% 87-% S5%- 6 87%- 8 4 86 4 88
...sr,-i
'4 85-% 87-% 85%- 6 87%n.".'l.-4- S7-% 4 83.
4 86-%
S.
4 84-5 S6%-7
85% 4 87%
s.\<,-4 S7-%
S.
S.
85% 4 87% 4 85- % 4 87 4 85-% 87-% S5%- 6 87%- 8 4 86 4 88 4 85% 4 87%
n:;'j-4_ 87-% 4 83
4 86
4 86-%
S.
4 88
4 85% 4 87% 83% -4 8ri->-<;
85% 4 87% 4 85- •% 4 87 4 85-% 87-%
Ki;-'
4 .S3-'.. .SO-'.;
S.
4 85
14 85-% 87-% 85k- 6 87%- S85%-6 87%-8 4 85% 4 87% 83%-4
4 87
^.;83%-4 S(,-<
S.
85% 4 87% 4 85 4 87 4 85-% 87-% 85k- 87%- 8 85% -6 87% -8
86k-7k 4 .s:ii S(;'-.,-7
,si;s:i
1485%-6 88-%, 86-% 88%-94 85% 4 87% 4 85
S.
4 87
4 S6k 4 .S3'] .S612-7
85k- 6 S7%- 8 85% -6 87% -84 85% 4 87% 83%-4 811-1
"
s.
8G-,
15;
4 83
4 86% 4 83% 86% -7
88%-9 4 85% 4 87%4 85 4 87 4 85% 4 87% 85%- 6 87%- 8 85%-6 87%-8,4 85% 4 87% ,83%-4 86-3-2
.
16l85%-6 88-% 86-% 88% 4 85% 4 87%
S.
4 85% 4 87% 83%-4 8682%-3 86% 8,3-% 86k-7 4 83% 86%-7
S.
4 85% 4 87% 85%- 6 87%^ 8i
""
'4 85%-6 87%4 85% 4 87%
17 85k-6 88-%
4 86
S.
83-% 86% -7 83-% 86% -7
4 88
4 88% 4 85-% 87-% 4 85
4 85% 4 87% 4 80
4 87
18S5k-6
88-% 4 86
JXa
S.
4 85%-6 87% 4 85% 4 87%. 83%-4 808.3-% 86% -7;i83-% 86%-7 '4 83%
4 88% 4 85-% 87-% 4 85
4 87
4 87
4 85% 4 87 k
19K5k-6 88-%
4 85% 4 87% ;4 85% 4 87% 4 83-% 86S.
4 88
83-% 80 k -7
S.
i .83%
S.
4 85
4 87
4 87
4 85% 4 87% 4 80
20S5k-6 88-k 85% -6 88-k 4 85
,4 85% 4 87%
S.
4 88
4 86 83-k86k-7% 4 83%
4 87 4 83%
4 87 4 85
4 85% 4 87% 4 86
,4 83-k
4 87
4 87
2185%-6 88-% 85% -6 88-% 4 85
4 85% 4 87%, 85% 4 87% 4 83-%
4 88
4 86 83-%86%-7% 4 83%
4 86
4 87 4 83%
4 87 4 85
4 87
S.
4 87
S
22;
4 88
Holiday.
4 85% 4 87%!4 85% 4 87% 4 83-k
4 85
4 86
S.
4 87 4 833-2
4 87 4 85
4 85% 4 87% 4 SO
;4 83%
4 87
4 87
l85%-6 87%-8 4 86
23, 85% -6 88-% S5%-6 88-%84%-5 86%-7
4 88
S.
:4 85% 4 87% 4 83-%
4 86 83%- 4
S.
4 87 4 83 k
87% 4 83%
4 87
24;85%-6 ns-yj
88-% 85k-6 88-%84%-5 80%-7,4 85
83%- 4
S.
85% -6 87% -8 4 80 4 88 4 85% 4 87%, 85% 4 87%
4 87
4 87
;4 83%
'4 83%
25 85% -6 88-% 85%-6 88-% 84%-5 8fl%-7 4 85
S.
4 85% 4 87% 4 85% 4 87% 4 8,3-%
4 SO 83 %- 4
H.
:85%-fi 87%-S
4 87
4 87
264 86
4 88%
S.
4 88
4 85k 4 87k;4 85% 4 87% 4 83-k
4 SO .S3%- 4
85%-0 87 k -8 4 86
S.
4 85
S.
4 87
87%
4 87
;4 83 k
27 4 86
4 88% 4 85% 87k-884%-5 80%-7 4 85
4 85% 4 87%'
4 88
S.
85%-6 87%-8 4 86
4 834 S(
4 83%
86%-7
4 87 l8.3-%
4 87
28 4 86
4 88% 4 85% 87%-8 84%-5 86k-74 85- k 87-%
,4 85% 4 87%,
4 86
4 88
85% 4 87% 4 83% 4 80%
4 87 83-k
St',',-2-7
S.
4 83 k
5.
29
S.
SO' 2-7
87-%85%-6 87%-8 4 8(1 4 88 4 85% 4 87% 4 85% 4 87% '4 83k 4 8(ik
4 87 ,83-%
,4 83%
,84k-5 86%-7 4 8530 4 86
4 88%
84% -5 86k -7:
S.
Holiday.
4 86
4 88
Holiday.
t.
83-% .S61-2-7
|4 85% 4 87% 4 83% 4 86%
3114 86
4 88%
84%-5 86%-7i
85% -6 87% -8
4 85% 4 87% 4 85% 4 87%
84-% 87% -8
S.
R ange
H Igh 4 80 88% 4 86'. 4 89 4 85% 4 88 4 85% 4 87%, 4 86 4 88 '4 86 4 88 '4 86 4 88 4 85% 4 87%:4 85% 4 87% 4 84 k 4 88% 4 84 4 87% 4 833<J 4 87
L ow 4 85% 88 4 85} 4 87%, 4 84% 4 86% 4 84% 4 86% |4 85 4 87 A 85% 4 87%;4 85.k 4 87% 4 85% 4 87% 4 83 4 86 4 8234 4 86 ,4 83 4 863^ 4 83
4 80
k
I
.
.
1
,
'
i
a4 83%-4%
4
87%-8%
6
83%-4% 87%-88
-:!
1
.
—
.
THE
32
CPIRONICLE.
ITEMS ABOUT BANKS, BANKERS AND TRUST COS.
The
public sales of
bank stocks
tliis
week aggregate 510
[Vol. Lxxxii.
Mr. Mulry is a well-known contractor, and also
a director of the Emigrant Industrial Savings Bank of this
this city.
city.
— As foreshadowed
shares, of which 351 shares were sold at the Stock Exchange
and 159 shares at auction. The transactions in trust com-
Ollfslieimer, the executive of the Metroprjlitan
pany
third St.
in these
columns
last
week, Mr. Henry
Bank, Twenty-
&
Fourth Ave., was on Tuesday elected President
Shoe & Leather Bank of this city, succeeding Mr. William L. Moyer resigned.
Mr. Cfilbert B. Sayres,
Second Vice-President of the Metropolitan Bank was elected
First Vice-President of the National Shoe & Leather in
place of Mr. Ollesheimer.
The other officials will be reelected to their present offices at the institution's annual
deposits, surplus, &c., of banks and trust companies in all meeting next week.
Some time will elapse before the
important cities of the United States are published monthly Shoe & Leather Bank can be converted into a State instiin the "Bank and Quotation" Section, the January issue of tution and its business consolidated with the Metropolitan
which accompanies to-day's "Chronicle." Bid and asked Bank, full details of which we gave in last week's issue.
auction sales, reach a total of 46 shares.
West Side Bank was sold
at 6553-^; the last previous public sale was made in April
1905 at 5993^. The table below, given in our usual form,
shows the actual sales of New York City bank stocks made
during the week at auction and at the Stock Exchange.
Extensive tables showing the bid and asked quototions,
A
stocks,
all
lot of 15 shares of stock of the
quotations for all New York City bank and trust company
stocks are also published weekly in another department of
the paper, and will be found to-day on pages 36 and 37.
Shares. B.A.NKS A^ew York. Low.
X 20 City Bank, National ... 280
2 Coal & Iron Nat. Bank.. 250
High. Close. Last previous sale
280
Dec. 1905— 279
280
Nov. 1905— 250 K
250
250
a;331 Commerce, Nat. Bank of 197
198
Dec. 1905— 199
199
Dec. 1905— 800
5 First National Bank.
790
790
790
10 Hanover National Bank.. 5283^ 528K 528}^ Dec. 1905— 530H
22 Park Bank, National..
49514 4953^ 495J^ Dec. 1905— 499 K
100 Union Exchange Bank
2075^ 2075^ 2075^ June 1905— 218M
92
5 United National Bank.
94M 94H 94>i Oct. 190515 We.st Side Bank..
G55H 655M 655}^ April 1905— 599}^
TRUST COMPANIES—iVoy York.
10 Equitable Trust Co
May 1905— 625
550
550
550
26 Lawyers' Title Ins & Tr. 318}^ 3183 318H Dec. 1905— 325M
1905— 520
10 U. S. Mortgage & Tr. Co 502J^ 502^ 502}^ Dec
X Sold at the Stock Exchange.
— The annual meeting of Group
I
of the
New York
State
Bankers' Association was held at Buffalo on the 29th ult.
Alfred H. Curtis, President of the New York State Bankers'
Association (and President of the National Bank of North
America
of this city)
was the
chief speaker,
and
his criti-
cism of the methods of trust companies as to reserve was
followed by the adoption of the subjoined resolution:
"Resolved, That the failure of trust companies which conduct a banking business to maintain a proper reserve is a menace to the business
community, and that we, the officers of the national and State banks
of Group I, New York State Bankers' Association, call upon all conservative trust company officials to endorse, and upon our lawmakers at
Albany to enact, a suitable reserve law for all banking institutions receiving deposits subject to check."
The bankers also adopted a resolution as follows, looking
to the establishment of trust departments for National
and State banks:
"Reso'ved, That we, the representatives of
the national and State
State Bankers' Association, request the
Hon. William B. Ridgely, Comptroller of the Currency, and the Hon.
Frederick D. Ivilburn, Superintendent of the Banking Department, State
of New York, to consider the advisa!)ihty of an amendment to the
national and State banks Act, providing for a trust department in
national and State banks."
banks
of
Group
I,
New York
— The
January statement of the Central Trust Company
York, Mr. J. N. Wallace President, is an interesting
record of its growth and prosperity during 1905.
The
of
Surplus
&
Capital.
Dec. 31 1903
Dec. 31 1904
Dec. 31 1905
On book
§1,000,000
1,000,000
1,000,000
Profits.
S12, 461, 868a
Deposits.
S33, 730,868
13,229,434a
14,622,933a
46,074,567
58,329,316
Aggregate
Resources.
$47,339,016
61,043,337
74,404,368
value.
company's deposits of $33,730,868
31 1903 have increased to $58,329,316 on Dec. 31
1905, a gain of $24,598,000 in two years' time.
Surplus
It will be seen that the
on Dec.
and undivided profits have expanded from $12,461,868 to
$14,622,933 (book value) and aggregate resources have
risen from $47,339,016 to $74,464,368.
—Mr. William L. Moyer, who recently resigned as President of the National Shoo & Leather Bank, will be elected
President of the Mechanics' & Traders' Bank, 565 Broadway
and Vice-President of the Consolidated National Bank,
56 Broadway, at the stockholders' meeting next week.
Both banks are controlled by the same interests. We are
informed that these institutions will not be consolidated,
as
— The
commonly
reported.
—
Thomas M. Mulry was this week chosen a director of
the Broadway^Trust^Company, Broadway & Eighth St
,
depositors of the Cooper
Exchange Bank
of this
next week checks representing the first
dividend of 50 per cent. The bank suspended in October.
city will receive
— The statement
Company
by the Lincoln Trust
1906 invites attention by
of condition issued
of this city for Jan.
1
reason of its maintenance of large deposits, amounting to
more than $17,000,000, and its showing of surplus and
undivided profits of more than $900,000. The actual earn-
we
ings for the year,
annum upon
are informed, represent above
50%
The company
completed its third year of business on November 2 last.
It is an independent institution, dominated by no single
per
and
in
— Edward
V.
interest,
chants'
its
no
capital of $500,000.
way
affiliated
with other corporations.
Gambler, Assistant Cashier of the Mer-
Exchange National Bank
of this city,
was recently
elected Cashier to succeed the late Allen S. Apgar.
— The
proposition to merge the L'nion and Seventeenth
of Brooklyn was approved bj'^ the stockholders
of the two institutions on the 29th ult.
The stockholders
of the Union (which absorbs the Seventeenth Ward Bank)
Ward banks
also ratified the $200,000 increase in the capital, raising the
amount
to $500,000.
— George
C.
County Bank
of
Lee Jr., Assistant Cashier of the Albany
Albany, N. Y., died suddenly on the 1st
inst.
—
It M'as reported this week in the Pittsburgh papers
that the First National Bank of that city (capital $1,000,000)
had concluded arrangements for taking over the Industrial
National Bank (capital $800,000), the stock to be purchased at $150 per share of $100, half in cash and half in
stock of the First National.
President Garland of the
Industrial National is ciuoted as stating that the report is
premature. He admits that negotiations are under w^ay
but says they have not yet been consummated, nor has the
matter been put before the stockholders. The Industrial
National began business in June 1903. It has surplus and
profits of almost $300,000 and deposits of about $1,730,000.
New
table following furnishes a graphic indication of the institution's condition for three years past:
o
of the National
— T he American Trust &
it
is
Savings Bank of Chicago made,
17.5% on the average amount of its
The capital was increased from $2,000,000
stated, about
stock in 1905.
$3,000,000 during the year with the absorption of the
Federal Trust Company.
to
— Definite
and almost official announcement has been
that First-Vice-President George M. Re3-nolds will
succeed John C. Black as President of the Continental
National Bank of Chicago. President Black will retire
next Tuesday from the position at the head of this leading
financial institution which he has so long and creditably
Before coming to Chicago, seven j-ears ago, Mr.
held.
Reynolds had made a good banking reputation in Iowa, at
Panora and Dcs Moines, and this reputation for conservatism,
good judgment, uniform courtesy, and the best phases of
aggressive modern banking, Mr. Reynolds, has strengthened
with every year of his connection with the Continental as
For three consecutive years
Cashier and Vice-President.
he was Treasurer of the American Bankers' Association. In
point of capital and deposits the Continental National
ranks fourth in Chicago.
made
—
The retiring dircctois of the Colonial Trust & Savings
Bank of Chicago were re-elected at the annual meeting this
week. The old officers were also re-elected and A. W.
Underwood was elected an additional Vice-President.
5
.
.
THE CHRONICLE.
Jan. G 1900,1
—
The proposition to increase the capital of the Marine
National Bank of Milwaukee (now $300,000) will be given
consideration by the stockholders on the 27th inst.
— William D. Kirk, President of
Paul, Minn., died on the 2d
—It reported that the stock
St.
is
the
Bank
Capital
of
inst.
holdings of
President
Arthur Reynolds and Vice-President John H. Blair in the
Des Moines National Bank of Des Moines, Iowa, have been
augmented by the purchase of nearly 1,200 shares of the
The institustock of the bank held by former interests.
tion has a capital of $300,000.
—The
Home Bank
of
Canada, Toronto, began business
— Several
changes were made this week in the staff of
the Mississippi Valley Trust Company of St. Louis, Mo.
William McC. Martin has been made Assistant Bond Officer;
C. W. Morath, who has been private secretary to President
Walsh, has been chosen to fill the post of Safe Deposit
Officer wliich Mr. Martin vacates, and C. Hunt Turner Jr.
has been elected an Assistant Secretary.
Guarantee & Trust Company of Atlanta, Ga.,
has sold to Asa G. Candler and John S. Candler one department of its property and business. The portion sold is
the
title
^3
usually appears on the first page of each issue, but on account
of the length of the other tables is crowded out once a month.
The figures are received by telegraph from the leading cities.
It will be observed that as compared with the corresponding
week of 1905 there is an increase in the aggregate of 21.2%.
So far as the individual cities are concerned. New York
exhibits a gain of 28.5%, Boston, 22.2%; Philadelphia,
34.1%; Baltimore, 19.3%; Chicago, 23.6% and St. Louis,
6.1%. New Orleans records a loss of 1.1%.
Clearings
—Returns
Title
plant, consisting of records, data, etc., containing
abstracts of
title
The
to all the lands in Fulton County.
purchase price is $100,000 and the purcha.sers, who propose
to form the Atlanta Title & Trust Company with a capital
of $125,000, assume the contingent liabilities outstanding
on account of contracts of title guaranty heretofore issued.
In addition the Title Guarantee & Trust also remains liable
to the holders of these contracts.
— The
American National Bank of Montgomery, Ala.,
has been purchased and absorbed by the Fourth National
Bank of that city. The American National was organized
about two years ago with $100,000 capital by the late
William Berney, who had previously resigned as President
of the Fourth National.
No change will occur in the
management of the latter, but its capital, which was increased early the present year from $200,000 to $250,000,
will be raised to $300,000.
The American had deposits of
about $250,000.
1906.
1905.
Cent.
Sl,921.158,167
172,674,483
25,316.996
188,143,006
057,000,000
19,303.059
$1,495,878,683
141.250,874
101,469,182
21,211.890
153,466.752
53,718,681
19,525,081
+ 28.5
+22.2
+ 34.1
+ 19.3
+ 23.6
82,519,624.047
283,784.619
$1,980,527,143
248,794,617
5 days.
$2,803,408,666
645,941,218
$2,235,321,760
610,059,468
+ 26.8
+ 14.1
+ 25.4
week
$3,449,349,884
$2,845,381,228
6.
New York
Boston
Philadelphia
Baltimore
136,028,.336
Chicago
St Louis
New Orleans
Seven cities. 5 days
Other Cities, 5 days
Total
all cities,
All cities,
Total
day
1
all cities
for
December
—
English Financial Markets Per Cable.
daily closing quotations for securities, &c., at London
as reported by cable have been as follows the past week:
The
London
Week ending Jan.
Sat.
b.
d. 30
Consols, new, 2)^ per cents. _- 89',^
—
Foraccount
89^^
French Rentes In (Paris) fr... 99. 07H
ftAnaconda MlninK Co
145-*
Atch. Top, & Santa Fe com.. 91->g
Preferred
108
B.altimore & Ohio com
117
Preferred
_
101
Canadian Pacific
ISOJi
Chesapeake & Ohio...
58
Chicago Great Western
21^
Chicago Milwaukee & St. P.. 186 J|
Denver & Rio Grande, com. _. 40!.^
Preferred
Second Preferred
..180^^
157M
Mexican Central
26
Mo. Kan. & Tex., common... 3834
Preferred
73
RR. of Mexico
N.Y. Cent. & Hudson
Nat.
&
N. Y.Ont.
40
Dec.
1904.
96,479.590
Halifax
Quebec
Vancouver
Hamilton
St.,lohn
London
Victoria
Total Canada 311.340.081 283,421,965
line, or
1905.
1904.
%
Dec.
%
$
S
10.5 1,.324.314. 227 1.065,006,570+24.3
+ 6.0 1,047,490,701 842,097,0661+24.4
17.5
303,868,179
294, 601, 437, +23 .5
11.
120,891,876
106,637,5711
13.4
—9.6
89,251,562
90,115.784; —1.0
14.9
87,303,205
81,489.037; +7.1
+
91,040,170
42,227,8831 35,930,315 +
11„387,700 10.212,215 +
7.521.442
8,323,424
8.299,860
7,223.156 +
8,368,345
6,:;00,644i+32.8
6.576,421
0,124,963! +7.4
4.485,032
4,457,265 + 0.6
4.773,884
4,375,059 + 9.1
3,183.224
2,625,693 + 21.3
Winnipeg
Ottawa
187
41
157M
54
common. 8734
4934
245|
6834
3734
Preferred
103
Union Pacific, common
15534
Preferred
10134
U. S. Steel Corp.. common... 44
Preferred
110
Wabash common .21
Preferred
42
Debenture "Bs"___
76
Southern Paoiflc
Southern Ry.. common
a Price per share.
6£
+ 9.9
.
\
+
88,460,391
68.385.601
52.836,333
50,429.511
30,890,464
74,0:'9.!)02:
+
19.5
59,003.094+15.9
51.422,858' +2.8
45.552.230;
+
10.7
33,070,009+11.6
3,330, 122,050l2.743,085.558
+ 21.4
week ending December 30 make a
very satisfactory comparison with the same week of 1904,
the increase in the aggregate having been 28" 5 per cent.
clearings for the
Clearings at
Canada
Week ending December
—
—
Montreal
Toronto
Winnipeg
Ottawa
St. .John
London
Victoria
Total Canada
1904.
In .orDec
1903.
1902.
$
S
16.849.431
14,652.781
%
$
$
5.794.257
1.831.380
1,523,188
1,477,685
1,.304.920
1,150,000
896.110
751.616
441.185
7.9.39.998
Halifax
Quebec
Vancouver
Hamilton
_.
21^?
39M
90H
50!.|
50!^?
82J^
77
83
76
1803<
49?|
83
76
180
49j|
82?2
76
180
158K
156M
25H
2534
38
72
39"^
156
25
38
72
393^
156
54
8834
96
210
186
74
74
38
72
39
155
5334
875i
96
208
155>|
54
8834
96
210
186
7334
7334
ilH
49M
185
73H
73Ji
47%
il%
49?|
245-8
24%
68
3834
103
61J4
3834
103
152^
153H
102
4354
109J1
21)4
42
76
102
50
2434
6751
37^
103
154
102
43%
435-g
109
2134
42
10854
21
41H
76
76
DIVIDENDS.
The following dividends have been announced
Name
of
Company.
Per
When
Cent.
Payable.
1
Extra
,
IH
1
IH
1%
Preferred
Delawiire &
Hudson (quar.)
Great Northern (quar.)
a Pennsylvania Co.
5
4
Peoria & Bureau Valley
Philadelphia & Erie
Reading, common
Vandalia
Wrightsville <fc Tennille
Special
3
2
2
3
1_
2.135.148
1,612.886
1,635,802
1,873,207
1,348,445
917.906
961.762
501.577
59,955.828
j
46, 672. ,553
+ 29.6
+ 30.9
+ 37.0
+ 16.6
+ 6.8
+ 10.7
+ 43.6
+ 17.3
+ 2.4
+ 27.9
+ 13.7
+ 28.5
14.998.694
13.007.817
4,681.919
1.505.847
1.461.337
1,223.305
1.7-11.724
1.034.998
873.156
850.000
511.809
41,890.660
108.717
4,481,040
1,3S4.013
l(i.
I.(i98.482
1.103,780
1,200,000
837,924
713,972
906,170
750.000
41.691,285
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,
Jan.
Jan.
Jan.
Mar.
Feb.
Dec.
Feb.
Dec.
Feb.
Feb.
3
Jan.
Jan.
IH
m
.Tan.
334
6
Jan.
Jan.
3
3
Jan.
Jan.
2
Jan.
Feb.
Feb.
Feb.
Jan.
Jan.
this
weekr
Books Closed.
Days
Inclusive.
17 Jan.
17 Jan.
to
7
Jan. 17
to
Jan. 17
7
to
7
Jan. 17
15 Holders of rec. Feb. 23
I Jan.
19
to
Feb. 1
1
17; Jan.
30l
lOIFeb. 1
29
I Holders
15 Holders
i Holders
1 Holders
Feb.
9
of rec. Jan.
of rec. Feb.
15
5
15
15
to
of rec.
of rec.
Dec.
Dec.
Street Railways.
Georgia Ry.
<t Electric, prof,
West Penn. Rys^
(quar.)
pref. (quar.)
Banks.
Brooklyn
Fifth
National
Feb.
Jan. 16
Jan. 28
to
to
Jan. 19
Feb. 1
Fire Insurance.
Commonwealth
Miscellaneous.
Nova Scotia Steel & Coal, prcf. (quar.)..
Pacific Coast, com. (quar.)
Fir.st pn-fcrred (quar.).
•Second preferred (guar.)
U. S. Itiibbor, I.st pref. (quar.)
Second preferred (quar.)
a Correction.
30.
1905.
21,843,888
19,185.209
.
b~%
sterling per share.
Extra
The
185H
90H
96
211
187
743i
723i
4734
4934
245i
68
37
103
155
10234
44»4
110^1
2154
4254
76
47H
aFirst Preferred-aSecond Preferred
Rock Island Co com
101
178>^
57 ?i
22
186
40K
90H
87M
96
211
...187
743i
71Ji
Northern Pacific
Northern Securities
aPennsylvania
aReading Co. common
179M
40!4
90!4
15634
26
3834
73
40
157
643^
Q
3
o
m
*^
101
185H
180H
><
<!
Western
Norfolk & Western,
Preferred
101
179 Ji
57
22
58
22
77
IlUnois Central
Louisville & Nashville
Tues.
Wed.
Thurs.
Fri.
.30 1-16 30
29 1.3-16
29'M
89 11-16 89 3-16 89 3-16 89^
89 11-16 89 7-16 89 7-16 89>l
99.25
98.95
99.07J^ 9S.95
14J^
14!4
14}^
12}^
94J4
94j|
92M
94jJ
108
109
108H
108H
lllH
lllVs
1165^
1165i
101
179 Ji
90^1
50!^
84
Erie, common
First Preferred
Common
Inc. or
S
S
118.0.36.034 106,800,061
Montreal
Toronto
Mon.
Silver, per oz__
Railroads (Steam).
Cripple Creek Central, com. (quar.)
Twelve Months.
—
1905.
Canada
+ 5.9
+ 21.2
a Partly estimated^
—
at
+ 6.1
—1.1
©otnmcvcial and ^Ixsccllnnzons^txos
Canadian Bank Clearings. The clearings of the Canadian
banks for the month of December 1905 show an increase over
the same month of 1904 of 9.9%, and for the twelve months
the gain reaches 21.4%.
Clearings
Per
by Telegraph.
Week ending January
.
on Tuesday as successor to the Home Savings & Loan Company, Ltd. The bank's head office is at King and Yonge
streets, and it operates a branch at 78 Church Street and
another on Queen Street. The capital is $1,000,000, and
it is stated that its deposits exceed three and a half million
dollars.
Eugene O'Keefe is President and Lieut. -Col.
James Mason is the General Manager.
— The
M
I
}^
134
2
134
15 Jan.
llJan.
to
to
l|J.an.
to
lljan.
to
Jan.
Feb.
Feb.
Feb.
SliHolders of rec. Ja!i.
SllHolders of rec. Jan.
—
Auction Sales. ^Among other securities the following not
regularly ilealt in at tiie Board were recently sold at auction:
By
Messrs. Adrian H. Muller
Sltorks.
2 Coal & Iron Natl. Rank. 250
20 Mt. Vernon Tru.st Co.. 250-25.5
West Side Hank
10 Hanover Natl. Bank
10 K(inital)]e Trust Co
5 United Natl. Hank
15
A
Son:
Stock .9.
22 Natl. Park Hank...
100 Union Excli. Hank.
-4951.^
-207^
()55J^
528}^
650
94J^
Trust Co ..502]^
5 First Natl. Hank
790
,30 Westrhes. it Hronx Title
it MtKe. C.uai'. (.^o
183J^
20 Lawyers Title Ins. & Tr.
Co
.._
3183^
10 U. S. MtKe.
&
Bonds.
$5,000 Wa.sh. Wat. Pow. Co.
(Si)okane)
19211.
.1.
1st
&
85,000 Middleiown, Pa., Gas
L. Co. 25 Year .5.s,
1<)27.
•
106K
M. & N._.103>i
$5,000 Hei-wick, Pa.,
1929.
•
5s
J
J.
&
1st 5s.
J
•
•
-i
102K
.
..
.
..
.
I
4
2
5
1
!
..
.
[Vol. lxxxii.
THE CHRONICLE.
New York City, Boston and Philadelphia Banks. — Below
House Banks. —
34
Statement of New York City Clearing
The following .statement show.s the condition of the New is a summary of the weekly returns of the Clearing House
of New York City, Boston and Philadelphia.
The
York City Clearing House banks for the week ending De- banks
New York figures do not include results for non-member
cember 30. It .should be distinctly understood that as to all
items except capital and surplus the figures are the averages
of the daily results, not the totals at the end of the week.
In other words, in reporting loans and deposits and holdings
banks.
of specie and legal tenders, the practice is to take the aggregate of the amounts for the several days of the week and
divide this aggregate by the number of days.
New York
We omit
Banks
Capital.
two ciphers (00) in
Surplus.
Loans.
00s omitted.
Bankof N. Y..
2,000,0
Manhattan Co.
2,0.50,0
City
Chemical
Merchants' Ex.
Gallatin
Butch. & Drov.
Mech.&Tradcrs
Greenwich
American Exch
Commerce
Mercantile
Pacific
Chatham
People's
North America.
Hanover
Irving
Citizen's Cent.
Nassau
Market & Fult'n
Shoe & Leather
Corn Exchange
Oriental
Imp. & Traders'
Park
East River
Fourth
Second
First
N. Y. Nat. Ex.
Bowery
N. Y. County..
German-.\mer .
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
Garfield
Fifth
Metropolis
West Side
I
Seaboard
Bklyn
Liberty
N. Y.Prod.Ex.
Aster
Totals
S
2,741,8
2,576.3
2,000,0
3,000.0
1„500,0
1.000,0
25,000,0
300,0
600,0
1.000.0
300.0
700.0
500.0
5.000,0
25,000,0
3,000,0
422.7
450,0
America
Phenix
New Amster
Specie.
$
16,541,0
22,628,0
$
2,369,0
4,044,0
11,210.0
3,108,5
19.535.0;
2,774,0
20.462.8
3,407,5
5.532.0
641,0
154,295.6 35,034,3
22.752.8
3,260,6
5.318,5
766.4
8,061,0
980,8
2,446,0
532,1
5,740,0
741,0
4,544,5
626,5
28,717,7
4,415,8
130,247,5 19,010,3
21,083,2
3,169.0
3,383,3
399,6
5,870,5
618,3
2,059,3
272,2
14,143,1
1,746,6
49,199,9
9,060,3
7,198,0
1,053,2
18,015,7
3,248,2
3,309,0
347,1
7,096,9
821,8
6,333,3
1,390,7
30,310,0
4,860,0
9,053,6
1,417,6
24.021,0
3,741,0i
62,959,0 13,901,0
1,267,8
213,5
17,581,4
3,026,9
10,001,0
615,0
89,989,3 13,0.39,7
8,218,7
1,459,9
3,356,0
448,0
4,986,0
933,0
3,949,2
577,4
42,854,8
8,497,8
9,876,9
2,234,4
3,064,8
150,0
3,116,4
490,0
11,920,3
1,421,5
7,665,2
1,574,4
2,769,8
457,9
9,091,9
1,679,6
4,098,0
732,0
14,261,0
2,818,0
4,190,0
697,0
10,443,0
1,357,0
5,631,7
1,064,7
5,811,7
782,5
4,811,0
977,0
1.421.0
3.485,3
3,855,3
253,1
17,867,4
7,747,7
382,6
2,266,2
144,5
359,0
561,6
4,346,8
12.177,7
4.361.0
651,9
1,053,4
200,0
437,2
2,000,0
1,829,2
3,000,0
7,068,8
1,000,0
1,078,9
2,550,0
647,2
500,0
325,9
1,000,0
1,381,2
1,000,0
453,3
2,000,0
3,358,6
7.50,0
1,130,3
1,500,0
6,733,5
3,000,0
7,215,0
250,0
114,9
3,000,0
2,930,7
300,0
1,582,8
10,000.0 15,882,7
1.000.0,
888,1
250,0
774,1
200.01
744,0
750.0
561,1
1,000,0
4,951,2
100,0
1,749,6
200,0
754,4
200,0
898,1
.300,0
1,483,0
1,000,0
1,334,2
250.0
435,0
1,000,0
1,615,9
200.0
749,8
1.000,0
1,000,0
300,0
638,5
1,000,0
2,084,0
1,000,0
496,4
500,0
603,8
350,0
614,5
1,450,0
2,566,0
1,249,0
2,050,0
2,005,6
255,0
7,842,1
1,811,7
598,5
576,8
90,8
822,0
610,5
1,761,6
9,619,9
1,506,0
373,7
876,9
613,3
1,.34S,5
5,289,3
458,4
1,144,3
439,4
793,0
441,6
4,279,0
424,5
1,390,0
3,8.33,0
186,4
2.068,1
2,331,0
1,927,0
452,5
223,0
466,0
204,2
1,445,6
523,0
850,0
565,2
2,257,9
344.0
165.0
754.1
376.0
1,478,0
681,0
350,0
517,4
776,0
238,0
116.472,7 140,800,5 1001,025,0 173,005,6,75,699,8
.
Deposits,
Legals.
Re-
i
i've.
Merchants'
Mechanics'
1st Nat.,
all cases.
%
3
14,614
5, .538 ,9:24.6
5.855 ,3 26.
2,985 5 20.8
6,606 0I23.6
5,001 0124.7
21,822 6128.3
108,048 5 26.4
17,509 ;426.6
3,967 .6,19.4
5,760 6125.9
2,776 ;4|31.9
12,247 ,1 25.2
56,824 ,3 25.
1
1
6,5.38 ,0 23.1
3 24.8
3,747,
5,909
3,673
45,640
10,903
4,350
5,621
13,186
7,774,
2,691
10,554
4,475
16,077
4,570
7,970
6,464
6,651
4,826,
Banks.
5'21.1
24.5
,6
,7,22.9
24.6
3!20.1
24.6
25.1
4,25.8
5 26.3
26.6
0,20.6
1 25.0
17.9
6 23.6
1 21.2
8 21.7
25.2
4 22.9
6 18.7
3 27.8
8,24.6
4:23.1
7 23.0
24.7
0,26.7
0:30.1
4 21.4
6I24.4
5 23.
25.1
1
977,651,3 25.4
a Total United States Deposits included, S8, 429, 900
two ciphers (00) in all these Jigures.
and
Loans.
Specie.
Dec. 9..
Dec. 16..
Dec. 23..
Dec. 30-.
Boston.
Dec. 10..
Dec. 23..
Dec. 30..
1016,320,8
1004,564,0
1006,107,1
1001,025,0
41,867,5
41.867.5
41,656,0
181,135.0
180.380,0
179.506,0
48,860,0
48,860,0
49,530,0
208,560,0
207,702,0
208,451,0
$
S
173,526,3 73,286,1
174,219,1 75,714.1
176.212.8,74.203.7
173.005,6175,699,8
16,096.0
15.957.0
15,898.0
0.853,0
Banks
00s omitted
Capital.
Sur-
Loans
and
plus.
Invest-
ments
Legal
Ten. &
Specie.
Bank
Notes.
.
Other Deposits.
Clearing
Agent. Bks.&c.
0)
Man.&Br'x
Wash. H g'ts
Century
Chelsea Ex..
Colonial
Columbia
Consol. Nat.
Fidelity
14th Street.
Hamilton
.
Jefferson
Mt. Morris..
Mutual
19th Ward .
Plaza
Riverside
State
12th Ward..
23d Ward...
Union Exch.
United Nat.
Yorkville
Coal & I. Nat
Metropolitan
34th St. Nat.
$
734,6
100,0
154,2
200,0
133,1
993,5
100.0
74,5
671,0
100.0
316,8 3,577,9
300.0
392,2 6,194,0
1.000.0 1,064,3 4,.380,9
200.0
138,4
8.53,1
500.0
96,0 4,726,0
200.0
129.4 4,403,9
400.0
408.7 3,431,6
250.0
144.0 2,964,8
200.0
269.0 3,619,5
200.0
216.4 3,249,7
100.0
274.7 3,740,0
100.0
102.6 1,564,0
100.0 1.085,2 11,785.0
200,0
151,7
2. .397.0
100.0
126,4
1.627.1
750.0
619,5 7.021.5
1.000.0
178,5 2.288.5
100,0
320,7 2.911.6
.300,0
233,6 3.263.0
1,000.0
304,2 3.921.6
200.0
203,7
1,112,2
Mfrs.'
.
120,4
371,0
173,5
645,8
801,4
792,2
608,3
196,5
211,8
105,1
211,0
2,125.2
2.684.1
1,957,1
4,539.5
9.914,8
5,412,0
3,497,0
1,738,1
2,241,8
764,2
6.043,0
400,0 1,126,6
250,0
672,7
250,0
126,5
200,0
307,5
4,735,4
2,757,1
110,0
125,0
.300.0
Nat..
Mechanics'
252.0
.
1.000.0
Nassau Nat.
.300.0
Nat. City ...
300.0
100,0
100,0
100,0
300,0
North Side..
People's
17th
Ward
..
Union
1905.
Dry goods
General merchandise
Total
Since January
.
32,585,027
9,739,337
82.741.743
10.655.654
33.347.698
8.868.564
318,461,618
312,324,364
313,397.397
312.216.262
1
Dry goods
General merchandise
Second Nat.
Third Nat. .
13,5
27.1
29.3
89.5
359.0
306,0
20,8
175,2
201,8
15,0
1.35,5
35,3
37,5
218,0
28,9
669,0
49,0
53.7
57,5
211,5
36,4
621,5
204,4
216,0
29.0
40,8
19,2
300,0
278,0
46,3
48,6
299,2
165,1
136,1
116,5
235,5
232,8
198,0
104,2
329.0
240,0
201,6
490,5
69,8
295,4
102,9
64,6
18,6
69,5
42,4
18,9
381,5
565,0
278,2
52,8
229,6
108,6
278,4
144,1
175,3
293,6
188,0
94,6
333,0
159,0
114,6
209,2
66,0
127.8
581.6
236.7
102,1
137,1
131,4
70,6
187,1
41,3
28,1
151,6
3,7
25,0
55.6
230.0
122,1
56,8
57,2
9,8
"59,3
582,9
907,1
677,4
4,228,0
6,824.0
2.572.2
818,0
5,364,9
4.809,2
3.463.2
3.361.8
3.615.4
3.739,7
3,970.0
1.650.2
927,0 13.2.34.0
2.855,0
115,1
2,016,4
290,0 6,736,7
78,7
60,9
699,1
1
1,228,2
3,242.9
3.909,0
3,827,3
1,012,8
66,0
21.1
141.2
374.8
246.6
204.0
136,0
48,8
68,2
12.3
160.0
1.38,4
757,4
.397,0
.343,0
107,2
129,0
70,8
322,0
275,5
355,2
566,4
873,5
680,0
376,0
70,9
118,4
128,7
571,0
68,2 2, .361,1
67,6 2,834,7
23,5 2,261,6
209,0 5,089,9
168,5 11.451,6
5,352,0
118,0 3,901,0
128,3
1,821,7
112,8 2,384,0
292,8 1,089,7
463,0 7,170,0
308,5
81,4
2,237,8
1,753,8
174.9
91.2
71.0
48,8
20.9
100.7
325,6
403,9
221,0
95,3
39,8
25.2
6,252,8
2,550,9
1,038,0
2.112.1
2,524,5
1,388,1
154,7
47,3
27,5
37,4
234,6
74,2
118.3
85.5
2.480.9
1.397.6
121.37,0 14407,2 136388,0
5878,3
5989,7
5865,4
7242.0
7228.1
7362,6
12629,8
12498,7
14565,5
8.80,3
$143,204,704 3122.820.658 3129.994.693 5127.345.473
566.087.718] 488.878.114 459.911.732 447.825.582
.
Total 52 weeks
3709.292,422 3611,698,772 $589,906,425,3575,171,055
'•,The imports of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Dec. 31, and from January 1 to date:
in
EXPORTS FROM NEW YORK FOR THE WEEK.
1905.
For the week
Total 52 weeks..
Note. —
.\!i
Second Nat.
Tot. Dec. 30
Tot. Dec. 23
Tot. Dec, 16
562.3
176,2
12237,0 14510,2 135889,4
12237,0 14510,2 135812,9
1903.
1904.
310,200,858
493,388,569
312,206,629
546,741,033
Previously reported
1902.
39,912,719
487,088,194
$9,458,668
507,164,306
3558,947,662 $503,589,427 3516.622,974 3497,000,913
by the New York Custom House
the figures of exports as reported
from week to week frequently show divergence from the monthly totals, also compiled by the Custom House, we shall from time to time adjust the totals by adding
to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Dec. 30
and since Jan. 1 1905, and for the corresponding periods in
1904 and 1903:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Imports
Exports.
Gold.
Week.
Since Jan.
I
31.500
25.352.566
2.020
5 388.661
115,530
7,766,500
13,000
_
.
Soutli America
All other countries
s"2"5b;6o6
3250 000 S3S
777
1.143;333li07;085;4ii
116 OOO' 33 565 812
...
.
fi.'^g
'
GreatBritain
France
.
Germany
West Indies
Mexico
South America
All other countries
Total 1905
Total 1904
Total 1903.
Week.
Since Jan. 1
S5 502.911
4.266.136
3,3K7.006
1,041.112
247.717
1 729 723
252 366
349^474
3,168
34 007
2
080
388 729 316 426,971
149,289 10,508,005
2,494 809 22,870,321
-
.
,300.5
31,373,072 $37,834,687
699,555 37,304,836
937.8371 32,930,766
13,166
20
$1,413
21,853:
10,882'
313|
108,993
2,224,657
1.719.6-24
97.456
$4,163,916
1.261.786
101.786!
35.435,
1.592.135
334.461
1
Auction Sales.
— See page preceding.
and Jfiuaucial.
&
Spencer Trask
Gd,,
Investmeiit Bankers.
We
transact a general banking Imaineas sell and purchase invostissue circulars descriViing short-term and lotig-term
high-grade bonds; execute commission orders upon the Now York
Stock Exchange and in the financial markets of the leading cities.
We also have special representatives in all of the principal cities.
;
ment securities;
Branch Ofl&ce, Albany, N.Y.
William and Pine Sta., New York.
Moffat
6
5247,6 146195.2
5306,1 145306.1
5329,9 146137.5
31.372,772 336,363,867
576,921
17,257
151,981
300
4,000
711,004
9,657
Of the above imports for the week in 1905 $45,807 were
American gold coin and $1 ,713 American silver coin. Of the
exports during the same time $250,000 were American gold
coin and
were American silver coin.
Hoboken,
First Nat...
1902.
1903.
1904.
83,939,866
$14,521,752
Silver.
Jersey City.
First Nat
Hud. Co. Nat
138.816.9
146.465,5
132.919.3
236.179.0 14.326.0
237,414.0,14.339.0
FOREIGN IMPORTS AT NEW YORK.
For week.
IJattliltto
200.0
150.0
2.34,755,0 14,355,0
—
Borough oj
Brooklyn
Borough
Broadway
Brooklyn
184.603.5
161.955,9
135.183.5
Imports and Exports for the Week. The following are
the imports at New York for the week ending for drj^ goods
Dec. 28 and for the week ending for general merchandise
Dec. 29; also totals since beginning first week in January:
Total 1905
Total 1904
Total 1903
N. V. City.
Borovghs
214,860,0, 7.252.0
7.230.0
7,199,0
207.863,0
53,312,0
55,048,0
55.190.0
Mexico
Net
53.000,7 2,293,928,6
53,049,7 '2,253,003.5
53,096,0,2,108,690,6
a Including for Boston and Philadelphia the item "due to other banks' and also
Government deposits. For Bost(jn the.se Government deposits amounted on December 30 to 51,396,000: on December 23 to SI, 396, 000.
Germany .
West Indies
Deposit with
$
I
.53.268.7 2,105.5.35,0
6,597,0! 208,556,0
6,588,0
Great Britain
all cases.
$
S
992.235.7
983.888.5
985,028,4
977.051.3
Phila.
results:
omil two ciphers (00) in
Clearings.
lation.
S
257,273,2
257,273,2
257,273,2
257,273,2
Dec. 16..
Dec. 23..
Dec. 30..
Reports of Non-Member Banks.— The following is the
Statement of condition of the non-member banks for the
week ending December 30 1905, based on average of daily
We
Circu-
Deposits, a
Legals.
Surplus.
26.1
25.7
25,680
29.9
14,.560
25.4
18.975
21,316 9J25.3
21.6
4,137
145,979 ,7 29.2
20,241 ,6 25.0
17,657
3,708
6,586
7.982
37.071
9.149
20.848
70.456
1.549
19.347
11.042
72.539
7,641
We omit
Capital
&
White,
Members New York Stock Excfaangre.
HANOVER BANK BUILDING,
NASSAU STREET.
IDealers In Investment Seeuritle«.
COMMISSION ORDE&8 EXECVTBD FOR CASH ONLY
.
Jan. G
.
.
THE CHRONICLE.
190()
(BazctU.
Mmihcxs^
^^'
For Dividends
see
1
page 33
Wall
Street,
Friday Night, Jan. 5 1906.
—
35
Japanese issues have been active, presumably on an investment demand; also Colorado Industrial and U. S. Steel
Corporation issues. The market has been relatively steady
and, except in cases where selling "ex interest," price changes
are generally fractional and unimportant.
Union Pacific
conv. 4s are exceptional in an advance of nearly 2 points.
The Money Market and Financial Situation. The security
United States Bonds. Sales of Government bonds at
markets have been influeiieed chiefl}' by money market
Stocks dechned on the Board are hmited to $5,000 2s coup. 1930 at 103 J^
conditions throughout the week.
Wednesday and Thursday under the high rates which pre- and $20,000 4s coup. 1907 at 1033^. The following are
ranging from 4 to 10, the daily closing ciuotations; for yearly range see third page
vailed, but to-day's rates were lower
averaging about 6 and the stock market has again as- following.
sumeti a more buoyant tone.
Interest
Dec
Jan
Jan
Jan
Jan
Jan
The Bank of England's weekly statement shows a further
Periods
30
1
2
3
4
5
reduction in the percentage of reserve, and the Bank of
registered Q- -Jan -1027e
-1027(. •10278 *10278 1027s
1930
France reports a decrease in its gold holdings.
conponlQ- -Jan *103-<6
*a;02'6 102 7„ *102's
10314
1930
*102'4 •10214 IO214 •IO214
On the other hand. Russian internal affairs are reported
1908 1918..regi.stereil Q- -Feb •10214
*103
Q103
•103
"103
103
coupon
-Feb
1908
1918
to be in a somewhat less deplorable condition.
•102
10214 I02I4 •IO2I4
1908. 1918, small-coiip Q- -Feb *l02i4
D
Other than as noted above there is no important change
103 •103 103 103
registere<l Q- -Jan *103
1907
>
108
Q103 12 -103
103
coupon
1907
-Jan
•xlOS
The opening
in the general .situation at home or abroad.
*130i4 1:^014 •I3OI4 •i:«)i4
registered Q- -Feb I30I4
1925
week of the year finds the industrial situation, as is well
1301.2
•1301-2
'130
Qcoupon
-Feb
1925
ISOS ")30ii2
H,
known, a decidedly favorable one.
* This is the price bid at the morning board
no sale was made.
Orders already placed insure a busy year in all departRailroad and Miscellaneous Stocks. The stock market
ments of iron and stee: production, and also in railway
was irregular, but generally strong, on the first business day
transportation.
the week and of the year; the transactions amounting to
Reports of railway earnings given out this week indicate of
Wednesday's market was less
nearly 1,600,000 shares.
no
great
deal
of
activity,
facilitated,
doubt,
by
the
una
active, and after an hour or inore of trading, during which
usually mild season.
The open market rates for call loans on the Stock Ex- prices held fairly steady, a weakening tendency developed,
continued and increased, stimulated chiefly by
change during the week on stock and bond collaterals have which
money market conditions, as noted above. Money rates
ranged from 4 to 60%. To-day's rates on call were 4@
much lower to-day and closing prices of long
10%. Prime commercial paper ciuoted at 5@5J^% for have been railway shares are nearly up to those of lasta
list of active
week.
endorsements and 5}4% for best single names.
The notably exceptional features are Reading, which
The Bank of England weekly statement on Thursday
showed an increase in bullion of £218,342 and the percentage has been unusually active and advanced 7 points to a new
high-record price; Central of New Jersey which closes with a
of reserve to liabilities was 29.87 against 33.81 last week.
net
gain of 3 points, and Great Northern and Northern
The discount rate remains unchanged at 4%. The Bank
Pacific, which, after making substantial gains to-day, are
of France shows a decrease of 27,025,000 francs in gold and
from 1 to 3 points lower. Union Pacific has continued
a decrease of 9,450,000 francs in silver.
active and a leader of the upward movement to-day.
NEW YORK CITY CLEARING-HOUSE BANKS.
In the list of miscellaneous and industrial stocks the
coppers have been conspicuous for activity, and in the case
Difierences
1905.
jrom
1904.
1904.
of Anaconda Mining for a decline of about 60 points, a part
previous week.
Dec. 30.
Dec. 31.
Jan. 2.
of which it has recovered.
Amalgamated recorded a new high price on Tuesday,
Capital
116,472,700
115,972,700
115,572,700
—
—
—
•
kp.
•
t-t
14
;
—
Surplus
Loans and discounts
Circulation
Net deposits
Specie
Legal tenders
140,800,500
1,001,025,000 Dec.
Reserve held
25%
of deposits.
Surplus reserve
135.482,500
5,082,100 1.065.701,200
43,145,300
46,.300i
7.377,10011,104,049,100
3,207.200
208.554,800
1.490,100
81,140,900
53,09r>,000 Inc.
a977,(i51,300|Dec.
173,005,000, Dec.
75,099.800 Inc.
248,705.400 Dec.
244,412,825:Dec.
1,711.100
1,844,275
4,292,575 Inc.
133,175
,
289,695,700'
276,012,275,
132,545,900
908,570,500
44,925,400
886,178,900
160,675,800
70,410,800
231,086,600
221,544,725
o .?8, 429, 900 United States Depo.sits included, against .58,659.400 last week and
823.008,200 the corresponding week of 1904. With these United States deposits
eliminated, the surplus reserve would be $6,400,050 on December 30 and S6, 324, 250
on December 23.
Note. Returns of separate banks appear on the preceding page.
—
Foreign Exchange.
— The
market was only moderately
active this week and the tone was generally heavy until
Friday, when easier money and a better demand made the
market strong.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83@4 833-^ for sixty day and 4 863^@4 87 for .sight.
To-day's (Friday's) actual rates for sterling exchange were
4 8250@4 8260 for long, 4 8570@4 8580 for short and
4 8625@4 8635 for cables.
Commercial on banks 4 8190@
4 82 and documents for payment 4 813^@4 82 J^.
Cotton
for payment 4 813^@4 S\%, cotton for acceptance 4 8190@
4 82 and grain for payment 4 82 ^(§,4 S2\i.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 19^rf@5 19^ for long
and 5 16%a@5 IQiV^d
Germany bankers' marks were 94 7-16(^94J^d
and 95 l-16@953^d for short.
Amsterdam
bankers' guilders were 40 3-16@40 3-16A; for short.
Exchange at Paris on London to-day, 25f. 10c. week's
for short.
for long
;
range 25f. lie. high and 25f. 10c. low.
The week') range for exchange rates follows:
Siertitfi,
Hieh
Low
PaTi.t
Hi-h
Low
Acnial
—
—-Long©4
©4
8200
8230
Bankers' Francs
©5
5 19»-<ia
VJ%
4 8250
4
8220
5 19J^rf
—
@5 19H
Germany Banktrs' Marks
High
Low
94'Ad
94 7-16d
©
©
—
Low
Less:
Plus-
I
94M
—
J
a 1-16 011%.
A: 1-10 of 1%
5 16j-^a
©5
©5
IGVsd
ICVsh
5
I
94 7-161
Amsterdam bankers' Guilders
Hiih
8580
8550
17H
95 1-16
95d
40 3-10
40 3-16fl
rfl-32ofl%.
X 1-32 of 1%.
14
4
I
8640
8595
©4
©4
8650
8605
© 95H'rf
© 95
® 40.3-lOAI
@ 40 3-16
I
I
|
;i3-32ofl%.
y
.i-:i2
of
For daily volume
Refining also lost nearly 7
page 43.
of business see
have occurred this week of shares not
our detailed list on the pages which follow:
The following
represented in
&
3.
sales
Sales
for
STOCKS
Week Ending Jan 5
Sange for week
Week
Amer Beet Sugar
35 Dec 30
88 Jan
88 Jan
100 190 .Tau 4 190 Jan
Amer M.ilt prf Tr Oo ctfs 1,200 25 Jan 5 25 Wan
Asso Merchants. Istpref 210 10714Jau 5 11 17 Wan
10(1
Detroit South Tr Co ctfs.
10 Jan 4 10 Jan
200 164ViJan 2 1 66 Jan 2
Eastman Kodak
General Chemical
100 77 Jan
77 .Tan
4110 105 Dec 30 10() Dec30
Preferred
914 Jan 5 lOigJan
General i'.lec rights
13,894
100 82 Jan 4 82 Jan 4
Homestake Mining
200 28 Jan 3 28 Jan 3
Internal Steam Pump...
300 SO Jan 2 8n:>t,Jan 5
Preferred
Knick Ice (C^hic), pref.. 100 79 Deo30 79 DecIO
100 12' (.Dec 30 1278Dec30'
Manhattan Beach
2,100
1(0
Preferred
Ameriean Coal
31 ^8 Jan
.r,
."J
•>
N y Central rights
N Y Dock
12.417
2,3i'0
Preferred
Ontario Silver Mining.
RR Si'curities
.'Oil
.
Cent'l
stock trust certificates
Rutland, pref
St
620
Gi^aJan
34
78
i<j
3
Jan <>
Jan 4
S-ViJau
2
6"'8Dec30
34V Jan
78i2J.-in
334 Jan
4
Jan
4
3
111
E
L & San Fran C
new stock tr ctfs
100
100
96
.Tau
61
Dec 30
4
96
61
Dec 30
<fe
111
PretstofK tr ctts
Standard Miniu a
Vulcan Detinning, pref.
TOO 75VjDec3(>| 75 4Dec30 75 ^4 Dec 7R='4Dec
100 129 Jan 3 129 .)an H, 130 Nov 135 Aug
100 3-85 Dec3i»i 3-85 Dec 30 1-75 Sep l3>-5 Dec
200 52 Jan 2 53 Jan 4; 49 Apr r.4-i4May
27 No\ 30 Dec
21,650 29 Dec 30 36i<2Jan 5i
I
Western Maryland
—
Outside Market. The market for unlisted securities
week has been a very dull aff'air, exhibiting weakness in
all departments.
A much smaller volume of business was
transacted than for some time past. The copper shares,
Interwhile furnishing most of the trading, were sluggish.
borough moved irregularly, and from 236}^ dropped to 230,
recovering to 233M- The close to-day was at 231 J^^. The
new Metropolitan-Interborough securities were quiet, the
common ranging between 58'% and 60 and the preferred
between 98 and 99 J<^. Chicago Subway maintained a firm
tone and after a fractional decline to 49 ?<^ rose to 51)^,
Standard Oil advanced a point to
closing to-day at 50 J^.
700 and dropped back to 695, but recovered all of tlie loss.
International Mercantile Marine at the beginning of the week
moved up from 33 to 34 5^, later becoming inactive. Mackay
Companies was one of the few active issues, the common
ranging between 58 and 593^, and the preferred between
In the mining list United Copper was con73 J^ and 74.
spicuous for the large transactions in the common stock,
prices ranging from 60 to 68, with the closing sale to-daj' at
65 5^. Sales of Greene Consolidated Copper were also large
and were made between 29=^4 and 313^, with the clo.se at
30'i^.
Utah Con.solidated Copper and Boston Consolidated
Copper were strong, the former gaining a point to 39, but
this
-Cables-
©4
@4
i
I
Short
8570
S540
14
4
points and recovered
9,541,875
13,683,425
Smelting
but closed lower.
\%
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; .selling 7.5c. per $1,000
premium. Charleston 12y^c. premium. New Orleans bank
60c. per $1,000 discount; commercial 75c. per $1,000 discount. Chicago 40c. per $1,000 premium.
Louis
St.
10c. per $1,000 premium.
San Francisco 30c. per $1,000
premium.
State and Railroad Bonds.
Sales of State bonds at the
Board include $35,000 Virginia 6s deferred trust receipts
at 21 to 22 and $5,000 Tennessee settlement 3s at 95^reacting to SHI4.
The latter moved irregularly between
Transactions in railway and industrial bonds have been 'S0J4 •'i"fl ^'^» ii^»<l Piifls the week at 325^.
on a fairly liberal scale, and have been well distributed. The
Outside (|Uotations will be found on jiage 43.
—
H
New York
S
1
UL
ly.-^—ll 1'^ }i
l'l> I
Jan
A
Jan
1
LUWh^'i SALh
i\ JJ
lc'f)'sl<»;V\
ysVj 90
sc*fi3
60
159
112^8114
vt7
98
87^2 89 14
• S3
86
I7a'4 IVO'4
1?3H,17.)
113
98
J>J8
•70
223
•m
5ti
.S2
Si
•69
7-1
21
•83
J
'^
'70
2^3 Hi
•74^,
34^8
181-V
188 Hi 188H'
224
•223
•245
•18H
•188
-14
2.00
19-2
•31
38
193
15
i9\ 30
'f
bU'c
220
450
3;.",
88 ^
88
95^
la^a
19 K
40
4iiaj.
4838
49a|,
290>2
•34 Hi 35"-,
"78 Hi 80
117H2 120^4
94
94
175»4 IV5H2
•68 Hj 70
162 152')
162 "^ lb2'-<
73I4
124
•117
2012
148
144
373,
71
71
39
,
74'..
1
222
6li\
30 "v
74
21
85
76
76"f
3434
182 H
AW
ISl)
'i
Hi
'a
•83 '4
2
21-V
•
1S9
189
22038 2-22
245
185
188
•13
189
189
192
195
16
*3i"' 38
250
190
195
•240
•250
185
190
188
Do
234
pre!
& Om.
Chic. St. P. Minn.
Do pref
195
•10
15
38
"\\h 12
40 H 41
105 105
117 120
150
195
83
U)9
\n-'^ .\i»vi3|
177i8f'ep
:l\
A iig
Nov 89
4Mai
13534
(J<;t
Api 72 Nov
235 Oct 26 1 54 4 Feb 19434 .Nov
60'8Mar21 28'4 -Mai 5 1 Not
44 4 .Marl 5 33 Jan 47 '4 Nov
xA\ Apr 7 75 Jan 8514 Jan
7434
AugU! 64
2518
Mario
12 78 J'ne
89 Sep 29
78 Vs Sep 21
80 4 J'ly
2614 -Nov
'.'0
-Not
7134 Not
47 4 J'ne
3;H!Aprl7 20 J'u«- 394 Not
187 4 Apr 17 137 la Feb 177% Deo
t92
4Aprl7
249 Jan 31
Jan 1m 265 Hi Feb 1
Jan
225 J an 31
Janl'i 230 Jan Ai.
Jan 5 20 J'ne2(<i
()
173
161
»8
Mai 1x578 Oct
Mar 2144 Deo
Not
Not
207 Feb 237
135 Mai 160
J165 Apr 192
15
Chicago Term'l Transfer.
Do
200
734
174Jan
pref
4
J'ne 2
42i3J'iy 5
'fc
1^4
•J.\
15,; ^2
693<
120
90
S195H2 196 »
5238
84 H2
52 \
85 H.
»9-2Hj
H3Hi
'4
'•.
H,
106
14338 1443;,
-40
45
•8014
8334
cfe
ifc
204^8 203 \
104 14 104 14
•100 106
•102
,
•J8
933RMar 9, 64 Feb 89 >4 Xov
105% Sep 1' 87% Jan 104 « -Nov
Ap(24 104 4 Feb 1554 Nov
AugU! 7278 Mar 105 '4 Deo
100 Aug 10 S7% Feb 99 4 Oct
91H!Nov22! 38 Feb 70 4 -Nov
170
117
"..J
IOOI4 10 1^.
147 147
69
•118
*88
U3
1
cfe
37%
15234
't
'.'.
16834 173
-38
•20
H,
Hlfihest
--^
81V, 8i».
lOOi, lOOi.
143
honest
I
1
74^,
li!5
25i<
H tQi1e.1t
Lowest
t)
44
^8
•93
92
104
159
l.-,7
year(iuu4)
'4
35I2
bv
•40
Hani/e lor I'reovjv,
'j
50
•65
»82H! 82Hi
34»B
67
year 1HU5
hasii 01 li)(>-skareiut>
H<
29a,
59I4
6&I4
/or
Icaii'ie
(j-n
Week
M
29l'f.
29%
EXCHANGE
sau.n o
ihe
t.
81 '4
V5
80
95
81
•74
•74
•85
STOCK
',
ftl^f^
•93I12
,
Deo
514 Aug I6I4N0T
114 Aug 27»« Not
12»8
12-4 123^
12
1134 1134
Chicago Union Traction.
e^obo
6
13% Feb 2
4 J'ly 16'4 Not
*40
413.
41-4 42
40
40
Do pref
1,100 3934 J'ly22 54 Feb 3 29 May 48 4 Not
105H2lOV^ 1(»5 1073, 105 l06't
Cleve. Cin. Chic. <fe St, L.
4,200 90 Jan l4 111
l\lar21
68 4 May 9338 Deo
118 121
*118H2l2l
(16 120
Do pref
H5>4 J'ly26 1213, Marll 100 Feb 115 Not
2934 303,
2934 303,
50',825 22 '4 Jan 20 3018 Apr 26
t!9'a 30
29Hi 3034 Colorado & Southern
13 4 J'ne 24% Not
69
6;. Hi
68
69^4
69 ^i b9"e
68 Hi 68 't
Do 1st preferred
May 2 3 6978 Dec 30 48 J'ne 63 Deo
6.700 62
53 14 54
5134
54
53
53
53Hi 55
Do 2(1 ])referre.d
14,500 32 4May23 55 Dec 29 17'8J'u< 37 4 Not
220 '4 223
224 225
221 224
2-z4
226
3,100 1784May22 24034 Oct 26 149 Mai 1904 Deo
Delaware cfe Hudson
460 460
460 460 a;i59 460
459 4 60
elaw. Lack. & West'u.
2,2()0 335
Jan 25 198 4 Oct 16 250 4 Feb .J5934 Deo
38 Hi 39
38
3938 Denver cfe Rio Grande
3,1
39
39»6
38
9.800 27i4May23 39-', Dec 30 18 Mai 357g Not
87
8752 88
88
88
87
*87Hi 88
Do pref
'4
83
May 1 9II4 Dec -'6 64 4 Feb 89 Deo
1,550
95
95
•94 Hj 95
9434 9434 Detroit United
95
95
7n0 76 4 Jan 2
96 4 Dec 20 eoigj'nc 7934 Deo
1953 19»,
n938 195^
n9>8 19', *19'4 20 Duluth So. Shore & Atl..
220 1134 May23 2234 Nov 6
1478 Not
SieJ
40
40
40 14 40
'39 Hi 40 H
39 Hi 40
Do pref
9uo 21 May.
4634 Nov 3
9»4 Aug 28 4 Not
4818 '»9'4
48', 493b
47 'a 49
4779
37
122,07
4May22
523,
M"^
Aug 29 214
ti'^rie
41% Not
8J38
80 Hi 81
80 Hi 8m
8O34 81't,
J Do
1st pref
3,920 7478 May 2
85 v. Aug 15 55% May 77 Deo
73173
73-4
74
74H 74H2 74H2 73
Do 2d pref
1,440 554Jan 3 7838 Aug24 33 May 584 Deo
__
*75
•75
80
•75
76
80
80 Evansr. & Terre Haute
76
100 63 J'ly 6 76 Augll
54 J'ly 67 Deo
•85
•85
95
•85
90
85
95
95
Do pref
85 Nov27 96 Angl2 72 Feb 83 Not
288'* 291 Hi 28778 288 Hi '285 2873, 283 289 Hi Great Northern, pret...
10,920 236 Jan 4 335 Apr 17 170 Mai 242 4 Deo
Green Bay<feW.,deb. clf.A
83 leOlO 90 Jan 13 70 Aug 864 Not
19 '8 20
20
2u
Do
31 17
May2
deb. ctf. K
244J'nel9 11 J'u 20^4 Not
•35
35
35
35
*34'a 35
15 Apr 24 38 4 Dec 1
Electric.
500
Havana
79
79
79
79 Hi
*78Hi 80
*78Hi 80
Do pref
82 Dec 15
600 60 J'uel
118 119
117 118
118 118
ll6Hill9Hi Hocking Valley ...
1,300 86% Jan lb 12141)60 29 60 Ma\ 94 Deo
•93 Hi 95 H<
95
95
95
95
95 Hi 95 '8
Do
90 Jan 18 97 '4 Aov 16 77 Mar 95 Deo
pret.
930
175 175
175 175'4 174.'8 175i< 175 175
3,156 15234 Jan 25 183 Sep 28 12534 Feb 159 Deo
IlliDols Central..
30I4 303,
30
30
29=8 3038
31
30
owt« Central
13,620 24 May24 32 Feb 3
14 J'ne 33
Not
59
597,
607,
60
60
59
6uHi
607e
Do pref
9,800 60 MayiO 61 Dec 8 32 Feb 5934 Not
*56
•65
5.*5
58
58
58
67
58
6834 Dec
1,164 29 4 May
&
Michigan..
22 4 May 38 Deo
Kanawha
•8214 83
83 '4 8334
•8i:Hi 8312
*82H2 83
C.Ft.S.<feM.,tr. cts. pfd
535 81%J'nel9 87 Oct 21 64'8J'ne 83HjNot
35 '4 3634
3tji<
3638
35
3V38 Kansas City Southern .
35
75.626 22 "a .VI ay 2 2 a6'4Decl4
164 Feb 317eNoT
6MI2
70
68
69
71
67 Hi Os'^6
68
Do piel
38,550 52 Jan 3 70 Feb 14 31 Feb 5634 Not
•37
39
38
40
40 Lake Erie <fe Western „.
40
38Hj 39
1,100 2814 J'nelO 47 4 Dec 6 26 Mar 43 »4 Deo
•90
•93
98
*90
98
98
•yo
98
Do pref
91 J'nelo 106 Marl3 86 Jue 105 Oct
L. Shore & Mich. South'u
J290 Jan 20 iAoO Marl3 J245 Nov '/300 Deo
*^^
68
70
68
70 Loug Island
67=8 ^l^i *66
400l 50 4May22 7378NOV22
46 Ma\ 62 4 Not
15134 152
15l78lo-i'2 15238154% 151
153
Louisville <& Nashville... 52,550 rl344 Jan 26 15738 Sep 23 101
Feb 14834 Dec
161 Hi 161'-. 16ii4l6iHi 161 14 161 14 161 161
Manhattan Elevated...
May 1 175 Feb 9 139*4 Mai 69 4 Not
1,770 161
7214 73 '4
7z68 73^4
72 H» 73 14 I'i etrop. Secur., sub. rec. 23,300 68%Nov21 91 Marl 7 7214 Mai 96 4 Aug
72Hi 73Hi
122 -4 123 Hi 123 123 Metropolitan Street
123 Hi 12434 122-4 1-24
" 22,000 114 Mayll 133 Aug28 10434 Mar 1303e Oct
24^*8 12514
25
24 H) 25 Mexican Central
25
24 Hi 24 78
17,700 18'4May22 26 Marl3
5 Apr 23% Not
»140
140
148
148
143
140
148
Micliigan
10 n30 J'nel4 165 Aug22 m94Feb 150 Not
J143
Central
81 '2 813^
8II4 81 7e Minneapolis & St. Louis.
813..
8134 81i,13j
2,373 56 4 Jan 12 8434 Oct 1
40 J'ne 6734 Ja«
100 lOOHi 100 '4 loo '4 *99 100 Hi •99 100 Hi
Do pref
400 86 Jan 19 106 Oct 16 80 J'ly 964 Sep
14-278 14434
142 144
142 142 Minn. S. P.
141H?143
3,000 89 4 Jan 11 145 Dec 29 55 Jan 95 Oct
S. S. Marie.
173 Hi 174".. 174 17434 1734174%
173 176
Do pre!
4,900 148 Jan 13 173 Dec30 116 May 150 Cot
36
37
37 'f
36>4 37 '4 Mo. Kansas cfe Texas
3718
36
37
2 1,900 24 .May22 394N0V16
14% Feb 36% Not
70
70
701.
6834 691^
69 4 70
70
Do pref
3,100 56'4May23 73 Aug25 32*4 J'ne 65 "4 Deo
100 14 10l''t. 100 lOl^B
99.^4 101)
9J 4 100 Hi Missouri PaciUc,
20,500 944May22 11078 Mai 13 87 Feb -114Deo
148 150
.147
147
14S
148 150
150
400 137 Jan 12 158 Apr26 101 4 Feb 147% Deo
IVJ ash. Cliatt. cfe St. Loui.s
•38I4 39
•38
A'd
-3/34 o.)
38
38 1^ at.ol Mex, non-cum.pl
300 33 Is May a 45 Jan 16 3434 Feb 45% Not
20'8 -21
•19
•20
*\\i^i. 21
-Zl
21
1734 j'ne2o 244 Jail lo
Do 2d pref
157gFeb 2518 Not
15 I '4 15234 150'4li53
150 I0I34 150 152 N. Y. Central cfe Hudson.
37',320 13634 May22 I6734 -Mai 14 11278,Mai 145 4 Deo
693,
b9
67 i^ 6S N. Y. Clue cfe St. Louis...
6758 68'.
69
69 '8
2,500 42 J an 20 76 '4 Dec b 25 May 47 Deo
118 120
118 120
118 120 *118 120
114 J'ly 27 1224 Jan 30 1014Ma> 115 Not
Do Istpret
90
Ml
'b8
•88
88 4 >^9
«8
90
74 May 4 95 Dec 6 60 Jut 78 Deo'
60(
Do 2d pref
195 198
19814 198
197 ?1'j7
197 199
N. Y. N. Haven
85. «1H1>4 Deo
Hartl.
J216 Sep 21 il85'4 Ma\ 199 Oct
52'.; 5234
5218 o3'-4
5138 6i7( N. Y. Ontario
51'4 52
8,850 4038 J an 5 64 Mar30 19 '8 Mai 47^8 OctWestern.
85 Hi 86^8
85^8 8634
853.
85
86
8578 Norfolk cfe Western
46,600 76 Maylo 88 4 Marll 63 4 Mai 80 4 Deo'
93 Hi 9.i
94 78 947,
94
91
*92'ii 93
Do adjustment pret.
410 9118 Feb24 96 -Aug 11 88 May 95 Deo
202 2U2
203 205
200 202'. 199 205 Northern Pacific
14,500 165 Apr24 2164Aug21
103 lU4Hi 104 Hi 10434 104 Hi 105
103% 103% Facihc Coast Co
700 78 '4 Jan 1 109 14 Oct lo 51 F^eu 8-2 4 Deo
iOU 10.)
100 lu6
105 105
100 105
Do 1st pref
100 loo JilU 3 108 i'tb 6 95 J'ly 101 Sep
103 1(j6
103 106
106 106
103 108
lo
85 Jan 12 109 Oct 9 61 14 Jan s6%Deo
Do 2d pref
143 ig 144=8 143 144 '4 142''8 143
142 4143
Pennsylvania
212,06 1314Muyj- 148 Aug24 HI 4 Mai 140 Deo
•42
43
*4i
46
•3S
46
*4J
46 Peoria cfe Eastern
27 Jan 25 4834 Ayr 3 17 Mai 32 4 Deo
77 Jan
Pere Marquette
106 Feb 14 7418 J'ne 81% Jan
78i8J'lyl2 87 4 Feb 6 {68 .Ma\ 79 4 Not
Do pref
•80 '4 86
•8U'4 85
*80
85
85
85
Pittsb. Cin. Chic, cfe St. L.
100 70 iMny23 8734 .Marl3 55 Api 80 Deo
112
105 Febl7 112
Do pref
JMarl3 90 Apr 107 Deo
i3"9" 143^
142H2 145^4 lii" lii'C 141-4 14334 Reading
676iibo .r79 Jan lo 14334 Nov 8 3834 Mai 82% Dec
92 "2 93
92 Hi 92 Hi
93
93
93
94
1st pref
2,130 90 May 2 2 97 Sep 30| 76 Mai 92
Dec
96 Hi 97
97
96 Hi 9oH.:
2d pref
97
2,750 b4 Jan 5 101 Nov 2I 55>4Feb 85
96Hi 9 /Hi
Dec
23 '8 24 '4
23-'s 24^4
23 Hi 23',.
23 Ha 24
Rock Island Company
15,800 2 13., j,ec lb 377g Jan 18 19 ip Mai 3734 Not
62 14 6234
6238 63 '4
62
61 Hi 62'..
62
Do pret
7,700 G0 4Nov27 85 Jan 4 5734 Jan 86's VOT
24
luo 12 J lie 2 25 Dec
24 St. Joseph cfeGr'd Island.
Mar 18 Not
9
62 14 6:i
Do Islprel
675 46 4 .Miiy24 65 Dec 30 06 Max ('•u Not
20 J'ne t 35 Dec 11 16 Jan 30 .nTot
Do 2d pref
•67
M-6
7-'
77
•66
•66
72
67 Decli.' 81 14 .Mar 6 j61 Mai 7;'34 Deo
70 St. L. cfeS. Fr., 1st pref
4734 4734
47 Hi 47 H.
47 ' •46
47
Do 2(1 prei
600 45 Dec
43
734 Mar 6 3914 Jan
2
)eo
IJO 19O
178 190
100 1.5 Jan 3o 194 4 1'uel2 160 Jan 185 Dee
185 199
180 190
C.cfeE. I. com stock tr otf.s
21
2034 TZ
..il-'4
2034 21
3,;i4o 20
21
2i.'b
.Mav22 27 4 Jan 20
St. Louis SouHi western..
94J'iit 2'
Deo
57'-;
55 '4
66S 563,
65
Do prof
53
2,620
Novll 66% AprJ8 2538 J'ne 6034 Deo
5434
65 '8 6 7
6034
65
6^34 06'V Southern Pacitio Co
4.^,5 10
M ay 4 723^ l.eU27 41 4 Mai 6.5 -NOT
1 7 ., 1 8
117 4 117V 117Hill8
118i4ll8'4
l,75lj 115^4 Jan 5 122'4Decl9 113
Do pref
Sep 1 19 4 >eo
3534 'S'l't.
M''^ -.ah
37
36
36m 3634 .Southeruv.tr. cfs. slmped 13'J,20. 28 May 19 38 .Sep 22 18 '4 Feb <1 \ neo
100 iiu)!^ 10i)'4 lou'4 100 Hi 100 H IOOI4IOOH.
Do pref.
do
1,939 95 Apr 2^ L02 4Sep .;1
77 4 Jan 97-2 Deo
*98 100
•98
•98
*9S 100
LOO
100
M.
97 Apr'cb 1004 Aug 14 90 Feb 98
O. slock ir. ctfs ...
iieo
33'.> :<.i\
33
2'.)'j A pi 29
;j338
32->4
AAi^
Pacific
4',^b.'
41
Mai-13 201* J' u. iJS Hi Not
327^
J, Texas
12^4 12'V
41 'b 4r'.
107^1<-'8?6
•118^2 i-''l
ea
53
•220
*445
39
222
55 "b
30 Hi
-69
Hi
85
76
35
35
IsO 182
189 Hi 190 H
22UI4 22 2
2-10
250
18S 191
188 195
13
14
38
^4
91
rl04
*83
V'a
173 174'.
69 "^ 69 1<
<S3'4
3o^
l^'
NEW YOKK
91 '8 9'-".
tch. Topeka&santa F< 279,200 77% May22
03 Hi 103 'c
Do ' )>rpf..
3.503 99 Jan 2'
158 158'.j AllanlicOOHSt Line RK..
4,400 120 Jan 2
3.s,o.'-,
112^
113
112Hill3
Haltiirioretfe (Jhio
10O4 Jan 2
9-I4
9 -,'4 •J'J'.,
1)0
•.H
jircl
1,11
91
Mar
86 '4 88 '( Krooklj-n KapKl Transit
86'-« 88',
66,655 5678.May23
•.-3
86 Uiirtalo & SiLsqiic, picf...
8<J
"t^A
81 Dec 12
172'8l74H, / 'anadian Pacific
172 Hi 174
46',9'i( l.i034 Jan25
70
'ti^}
70 ' anaita Soutliorii
69
100 67 Nov 13
223 22 1", •223 225 Central ot New Jersey..
2,00 190 May23
55 '4 5534
5 4 '8 55
Cliesapeake <fe Ohio
22,100 454 .May22
30
-9 H: 33
30
Cliica^ccfe Alton
000 30 Deo 28
•69
74 H
74 H *69
Do prer
75 Oct 25
ly
2l'34 21
ClncaKo t-Jreat Western.
2i"fl 21
6',9bV
17 4.Ma>2
*83'4 85
*83'4
1)0 4 p. c. debentures
8334 ,May22
76'..
•76 Hi 76
•75
";VoVi 60
Do 5 p. c. iirel. "A"..
J'ne 9
34 Hi 34 H/ *34'4 34^8
Do 4 p. c. pref. "B"..
700 29 May2.,
180 181-'. 17934 1 IHi Chicago Milw. i& St. Paul. 73,170 168 >« May 4
188 1 90 \ 190 190
Do pref
250 1S2 4 Jan 13
220 221)4 Chicago <fe North Western
220
6,100 aiao^J'ne 9
92 >8
87>4
30 Is
>-5
'<«
'4
Jan 5
113
98
56 '
"69
2l>4
'l\%
"s
Jan 3
jar
0034
71
5ii-»j
'•
J'Tidati
10538 lot
159
'.I
22.^
STOCKS
TlLvr-- 11
KnilronilH.
91^
Iii5
lf)S
tHlijhti
W eilnesaay
i
89
>!'!.,
SSVj
105
18H
IVA
,
Stock Exchangee— Stock Record, Daily, Weekly and Yearly
<U!t;i)i'YiN«; TWO i'A(;ks
liienaay
Dee 3U
92
<i
1
»
ll,i
137
•92
139
^
u,
921.,
96H2
96S
24
62
24 S
6212
65
65
H.
1<
7,
1
•66
70
48 Hi 48 Hj
•178 190
22I4
5534
ii2'4
66
(163j
1
55',
'4
117-', 117-,
'ib^s 3iii8
1
100 14 IOUI4
•98 100
33
H2
1
Ask
Bid
Unnlis
Chemical
4350
iJitizeus' Ctrl
144
City
t2-<0
Coal cfe Iron. f250
Colonial I1 ... 000
Colurabi.al .. loO
325
Batch's cfe Di 170
...
Boweryl
1i
Chatham
315
Chelsea Ksc'
* tsid
t
175
700
tl'.i7
Consolidated
l.;0
C'rn Kxchge'
3-5
320
Fidelity':
180
170
Kast River.. 150
prices;
no
Exchange
Bid
lianks
tl99
1
55
220
Uallatin
375
(iartield
500
iTermau Aral] 160
160
Ave'i.. 3,iOO 3750
Hamilton
Hanover
i
nui
cfe
II
..
Trad. 590
Bid
Ask
185
230
Irving
.Mt-\lorrisl|.. 215
.Muiual',1
1824
300
500 520
Nassauli
200
New Amster 490
1960
310 125
New YorK Co 1300
265
272 4 .V Y Nat Kx. 207 H
275
290
.Mechanics'
New York... 320
19th Wardr. 350
Mech <fc Trar 180 190
Mercantile .. 2';5
i75
North Aiuer. 235
.Mercli Fxch. 168
175
Northern
150
Merchants'.. 170
Oriental',,
176
2 62 Hi
-'15
McTroiioUs'
400
Pncmc.
4
iiiiiik.s
-Metropoli'nl] 175
Liberty
Lincoln
Manhattanli.
Market cfe Ful
sales were made on thi! day.
Jjess tiian lOiish; ires.
or at auction this week.
s Trust Co. certilicates.
h
()
A^sk
.
4:
E-c-rmlits.
Assessment
Ij
UaiUis
Park
j
3.'0
325
188
192
575
Prod Exchli 170 180
Riversidell .. 250
280
il2 4 Seaboard b .. 6300
Second
700
Shoe cfe Leth. 155 166
1500
Statelj
34th Street.. 195
267 4 12th Wanlli, 225
255
23d Want". 150
205
jOO
Plazali
State banks, a tCx -dividend aut I rights,
n Sold at privat e sale at tliis price.
paid,
AsU
/ittt
149-)i8
People' sli
Plieuix
Jettersonli...
170
255
220
t-V2S
Bid
Banlis
InterhoroTl.. 156
225
(ierraau Exlj 4-!5
'iermaniall .. 450
'ireenwichli
2.iO
Ask
Fifth
340
First
1790
14tlistreet1|. 200
Fourth
Discoiintll ...
Fiftli
ami asked
Sale at Stock
Commerce...
180
185
148
cfe
TRUST COMPANIES— BROKERS' gUulA nO.NS
ASk
Hill.
197 4 210
625 .•)40
A.iner Kxcli.. 265
Aetor
760 825
Battery Pari;
152 4
A.etra
Century
Chase
-4
1
;-(;-(
NEW YOKK
1i
I
1..
JiiANKS AJSID
America
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lianUs
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,
,
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^
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92
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57-'4
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183
181
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177
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108
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Union KxchT ^7=8
United.
SExtiia'el
U
t94 4
125
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..
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108
34 ly
107
42
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117 117
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'235 247
247
93 I4
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'170 173
173
'187
190
190
Hid
Itanks
Home Bank!
.{50
Brooklyiilt
Firsi
...
..
130
3<J0
Sideli.
100
200
Unioiili
Wallaboiit'
.May.'3
«5 Nov2 7
24 14 Sep I.Feb 23
48
15
May
1934
30
20
20
45
May 4 48 Feb
May 4 2s Si Marl.s
Apr 29 33 4 .\ug21
Jan 13 04 4 Oct li
7
May2.f
1
May
13
9
«250 Feb
4
Deo
Feb 17
1-4 Dec Ml
1
2y'e Aprl5
95 Augl9
43=8 Apr 14
24
15" May 25 Nov
Feb 481a ."^ov
'
MiMJ'ly
37
21
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an
4Jan
4(1 'a
97
4
246
AuglT
14
J'ne
7
11=8
4.8O11
29 la Oct 20
41,090
2434 J'ly 12
15 I4 Jan 17
30 Jan 19
55 'a
30
23
48 4
70 14
j209
4
000
'4
33
103''4
4
10(1
Jan 25
J an
Sep
.
.90
'a J'ue
10
J
37
Jn.
1223,
834
Oct
Nov
Nov
21-38
7 1
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Feb
13
723,
.M:i;
82^4 Deo
24=8 l>e«
Jan
,h7
Dec
35
4 Dec
'4
1
1
i.\
1
07 Jau
24 14 J'ne
Dec 29
Feb 10 i>'6-'i
Feb 27 ISO
Deo
Nov
Nov
Nov
Jan
220 Feb 250
43
J
'lit
A
Dec
Deo
9434
3 7 'a
97
Nov
Nov
219
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5
2=8
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Nov
32
49-<8
Mai
Jan 4
Dec 15
2 2 •a
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25
ui
39 4 Mai
104Sj.\pr
'.;
273„ J'ly 19
89'4 J'ly 11
2.235
i,950
J
:
3
May 2 2
31
2:9 1 '4
7
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Deo
Dec
!4
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1 14
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4834
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20=8
5
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7
Apr 7
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Apr 16
Jan 14
22
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1
IK
42 4
lOiaflan
30-18
4J
4 a
24 J'nt
75
I
Nov
Nov
Nov
Nov
i95
9
1
De«
Deo
29
16
J'ui
40
Feb 82 4 1>«C
Jan 115 Oct
Jan 170 Nov
8834
110
85
J an
'11'
09=8
Nov
15I4
J'ly
57
Deo
Deo
34
26
'4
122 '4 Mai 153 Not
123 Jan 141 Nov
Feb i4y4NoT
121
8538 Nov- 90 Deo
lo Jan 25 Not
oy Jau 94 '4 Dec
Feb 120 's Nov
01
185 ."Mai 2 jy 4 Oct
l-=8De0
0234 Dec
J'ly
,
Feb
58 'a Nov
25 4 Ala
03 Apt 95 J;eo
8 Jut 19 4 Dec
185 Feb :20 Oct
20 '4 Nov
934 ,Vla)
05 Mai 82I4N0V
iy4J'ue 40 4 Dec
82 Nov ^33a Nov
Deo
43 4 Nov 08
71 Nov 90 Nov
cl51
J'ne 1944NOT
I
I0I4
20
Mai
8
Sep
Jan
36
75
.495
2.)0
'o.urnbia
540
228
105
:U'm
1.(1
295
it
I'l
145(1
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..
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i
0.1.)
175
..
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Mortourni.si SIO
.MuLAIliaucc J 00
95
Kiiuilable Ti
•
Lincoln Tr. ..
.Vlelropohtai
(Jominonw'th
i'jinpiro
Ave Tr
Guaranty Tr 020
Guardian Tr 225
Kniok 'rb'k'i 1025
Law T lifci'i 1318 4
omr
(;oliiiiiiil
Bid
i8(V
C^lUO
Ask
580
030
230
1
Si)
Mai 107
24
Feb
I'ltleiiiiiljTt
I'r
:i.iO
U
020
I'
24i4May 44i4 0ct
May 92 Deo
67
209 Mai 244 Nov
16
.Mil
35
Nov
7134
Mai
May
94
Dec
.Ma>
734 Nov
2978 Ueo
-JS
Dec
6
37
143,
74
31
'4
Api
Jan
4Ja
77
^4
I8I4N0V
'>6'l8N0T
1'
Deo
Jau 105
Mai
5
3l=8.\U..
Nov
7 7 Sj >i
ov
39 4 Nov
Aug 1 3 14 Nov
45 Feb 7514N0V
OSjMay 204 Deo
40 AlUl -ill's Dec
loo Feb a '28 Nov
43 J'ly o4 4 Nov
25
3
30
.Mttv
7g
4 N ov
40-4
V>6<i
34 4 Deo
Jan 100 Deo
104 Feb
41
May 33 la Dec
May 95=8 Dec
Jni
44 S Dec
22\
97=8 Apt 110 Nov
838
6114
44 Nov
18 si .-'ep
}200 J'u« 250 Aug
85 May 944 Dec
153
JM
18(1
A
185
Dec
198^2 Nov
Co
of
ti35
Am. 750
uioii Trusi
S .Ut.gJibTi
lilt Stall's
.
1
,00
K.02
\V:usbiii:;loii
vViuii.Hor
Brooklyn
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t420'fl
166
375
200
li'raiikiiu
lla Mltun
Homo
L-io
185
.(fiikins
Co
L<&Tr.
liin.ys
ibo"
JbO
.
145
00
-.
Ask
FlalOilsIl
1,
I
I'r
,
(Jili/.eus'
,50
.425
1.(9
:5
Bid
IruNl Co'n
HltOOKLYN
200
300
345
VaiiN'denti
210
Nov
Nov
55
1124 Dec
AilONS
IVust Co's Bid Ask
N Y Life&Tr 1075 1100
New York Tr 720 /25
Real LSI Tr't 325
SlandardTr'l 120 440
.J15
•.00
20i4Oct
an 98i4Dee
Feb 164 Nov
J
9234 Mai
&M
I'rusl Co'w
J'ly
la
Doc
Deo
72 4 Deo
12 4 Oct
59 4 Not
117
Not
23 4 Not
;»7
Dec
1418 Feb
80
120
1
ASiC
20=8
797b
10014 Jau
14 Mep
'.J
Bid
May
6418 Feb
i
(
!50
be!.
3234
13
.Mill
I
40 4 ay 4
70 Jan 25
20 Jan 24
iO.)
American Maltinfr
170
BroadwayTr. 105
Ceniral Tr'al 2210 2250
205
140
Uidgewoodl). 140
17 th Wardi,. 250
140
J'ly
'a
;
and asked priutvs; no sali^s on llii.-i it.iy.
;
nes.s tlian LiO .sh,iu:.s.
Salu at atook Exoharuge or at auction lliis week, o Kx stock dividoud.
• Bill
i
..
32
(
N. Y.
Pro.spoct PR"
140
Broamviyl,
20,575
l,0o5
17,8Sn
Securities.
'-2
Bankers' Tr. 530
Bowl'gGreeu 225
430
310
.Nat City
I'eople'.sli
Boron irli'
12
Oct
34
27 4 Oct
38 Nov
57 I4 Nov
s.
1
1
140
Maiiufactrs'. 305
iMechauicsli
280
North
Apr
2
1
37
17
15>;
Fifth
Nassau
BROOK l.?iV
I'
l.ioo 20 .I'ne
28 4 Mar
201-2
•25
Do pref
20
102
1,200 97 14 Sep
Novl
100 Sj 1007, lOU'g 100 7f, Amer Smelters Sec pret B
7934
Jan
17038Dec.iO
104
lH57g Amer. smelt'.!? <fe Retin'j; 111,100
162 Si 107
7,lOu 111 '4 Jan 13 137 Dec
127 '4 128 Sj
Do pret
127 Si 129
103
May31 250 Nov20
230 250 American Snurt
230 250
99 J au 7 110 Deo
Do pret
106 110 *101 110
7,9(10
07eJ'ly27 1838 .Mar20
14-2 14 Si American Steel Foundr's.
1436 14 S
4,000 35 "t J'neil 07 "a Apr 4
49 Sj 50
501.
Do pret
50
130 May22 1543g Deo27
1537, American Sugar lietiiun 157,')5
150 Sj 1531, 151
35 133 MaylO 141 Augi
139 110
Do pref
n39-'4 139
131 Dec 4 U8 4Jan 6
13/
139
.\iner. Telepli. & Teles..
135 140
4'.''40
91 7g Jan 25 10938 Deo 1
1115 '4 105 7^, Amer. Tobac. (new), pref.
lii5Sj 105 Si
41 -'4 40'\ American Woolen
4-, 000 20=8 Jail -*i 47'8Nov-8
41158 423,
Jau
10S4Marl5
1,4 lO 93
104 lo4
Do pref
103 I4 104
441,800 .00 4-May'-;'.^ 295 Dec.^t
230 202 2;.'30 2')2 -Anaconda Copper
(;215 Feb 14
175
Deo
•175 lt<5
Union
Gas.,
175 185
Brooklyn
*18l8 1834
300 1078 Jan 1.) 22 4 Dec ^
ruiisw. DockcS; C.Imp'l
18Sj 18Si
•55
50 Dec 5 00 'a Jan 1
60 Butterick Co
*53
00
471*001 -M
44 I4 15 Is ('emral Leather
9,400 40 Sep 1
44Sj 44 '8
1(15 '8 Nov j9
3,(10.5 1024 Nov
' Do
pref
104 S, 1041. 103 Si 10334
53,400 38 May 2 2 59 Mar24
5738 Colorado Fuel cfe Iron...
5tj
55 ig 57=8
80 AugiV 105 Mar24
*89
*89
95
Do pref
95
20 Deo !17=8 17=8 Col. & Hock. Coal cfe Iron.
1,100 1134 May 2
17Sj 17S(
N0V13 214 Mar 3
175
4,350
Conaolidate<l
170Sj179
Gas
Y.)
iN.
170'-i 178
2234 Feb 7
20,80.'!
S34 J'ne
I8I4 19 Si
193, Corn Products
1 9
4,525 40 Aug 9 79 Jaulo
00
60
Do pref
5978 OU I4
5 2 1.2 53I4 x51Sj 5178 Distillers .Securit's Corp. ll,olO 2;347g Jan 25 541a Deo 2
8414 8434 i-.lectric Storage Battery
825 76 May23 89 4 Feb 27
84:Sj 84 Sj
140 "J 140 Federal Mining & Smelt'
1,100 60 Jail 11 145 Nov21
138 138
75 Jan 5 »0iaNov2l
1,0;
!()
104
104
pret
Si
Do
104 105
Si
15,200 109 May2u 192 Mario
General Electric
175S2 I77I2 175Sj181
la's J'uelO 2514 Dec 5
2
22^4
15.250
223.
23
International Paper
2 '8
70 la Feb u 88 '4 Lee 1
84 Sj 85 Si
3,.100
851^
Do pret
85
48
Oct 18 100 Feb 23
58
4.000
59 International Power
59 Sj 60
04 ^'a OS's Knickerbocker lce( CliiC) 10,300 10 Jau 10 03 Dec 30
04 -'8 05 I4
52
AuglO
09 4 Deo 30
6/34
68'8
33A'T0
68
09 Sa
National Biscuit
Aug 1 120'4 Mario
50.. 110
Do pref
ai3S2 1141a H3Sill3Sj
1
la Apr
11
Aug
31
•16
5
10 17
17
900
Nat Enameling&Stamp'g
80 Aug 12 94 Apr 19
•84
•84
87
Do pret
87
24i4Jau24
»9
80 Si 83 National Lead
4 Dec 14
13,900
8O34 S2
10318 10.^18
200 97=8 Jau 7 115 4 D^iC 1
Do pref
104 104
160 102 S, 100 103 '4 New Y'ork Air Brake
7,900 140 May22 08i>4 Nov20
98I4 9HS!
98 Si 99 North American Co., new
4,500 95=8 Nov '' 107 April
40 '8 471?
40
47
2,700 33 iMay22 5.:>34 Dec 5
Paoitic Mail
IOOI4 10138 10038 IOII4
eop. Gas-L.& C. (Chic.) 19,950 97 14 Maylo 115 4 Apr 3
•15
•15
16 Pitts tmrgU Coal Co
5oO 12 "a J'ly 19 21 M»yl6
10
01 '8 01 7j
00
00
500 45 la J'ly 20 80 '4 May 15
Do pret...
5334 54
Pressed Steel Gar
8,900 334 Jau 31 5834 Deo 8
53 Si 54 7j
87 Feb 10 101 4 Oct '25
20
•99 Sj 100 14 09 100
Do pret
24 .J
245 Pullman" Com pany
575 230 Alay31 258 Augl4
245 245
bOSj 0114 Railway Steel Spring... 21,470 30 May 2 2 03 4 Dec
00
02
10.4 Sj 103 Sj
750 93 Jau 25 uiO Nov2o
Do pret
•103Sj 105
32 Si 33»8 Republic Iron <fe Steel ... 25,300 15 Jau 23 30 la liec 9
32 4 33I4
105 loo's
Do pref
15,050 07 Jan 10 li)8 Deo 13
10538 100
'40
•42
42
Rubber Gootls Mfg
400 24 Marl 4 41 '4 Deo2o
43
94 Jan 25 lOyiaApr 1
•101 Si 107
'101
iio pref
107
SO34 88
4,500 00 Jau 'z5 118 4 Feb 24
80 V 873.
Sloss-Sheltield St^ & Iron
100 Jau 13 130 Feb 23
105 125 • 105 Sj 125
Do pref
34 Jau 'za
3 Jan 3
Standard Rope <fe Twine..
i30"i4 iii.r
129 Sj 133 Tenn. Coal, Iron & RR... 20,900 68 Jan2,"> 148 Decl^
*03
•Oiif, 06
00 Texas Pacitic Land Trust
2,200 37 4 Jau 31 oO Dec 13
13 '4 13=, Union Bag <fc Paper
8=8 J'ue
15 4 Oct 13
1.'200
13 Sj 13 Sj
lau 10 82 Deo 21
*81
..40 08
Do pref
83
80 Sj 80=1
1978Jan 3 48 14 Dec b
47 S; 4918 U. S. Cast 1. Pipe & Foun. 35,7i
40 Sj 48Sj
94 78 94 78
Do pref
8,900 79'4Jau 3 0(34 Apr 17
95
95
118 125 •118 125 United States Express...
20 niO Dec 1 134 Fob b
^^
77 Jan 4 98 4 .Mar 1(1
Realty
90 U S
& Improve'nt
4 00
88
88
32
3234 •32
33
U S Reduction & Retin',!; 5,800 18 Feb2- 40 '4 Apr 18
Jan 13 73 '4 Aug 17
1,10(1 35
Do pref
0979 7i
69 Sj 09 Sj
United States Rubber
9,850 33^4 Jan 3 58ia^ep la
6238
51
51Sj 6:
98'i8Jau
6 1 18 4 Apr 7
1,8.10
Do Isi pref
110 no's IIOSj 110 Si
84'4 85
Do "id pret
0,400 75 Novlo 83''4 Dec 10
84 Si 84 7g
2478
May2'.
-^il
43 I4 Dec.
42 14 4318
705,3
42
43
United States Steel
Ui7
Dec.O
Do pret
9.8,904 9034 May 2
IO514 loo's 105
IOOSj
2834
Sep
1
5 0=8 Deo 2 9
53
52
54 "b Virgmia^Carolina Chera.. 57,715
65 Sj
,000 103^6 May 1 118-'4 Dec 20
114 115
Do pref
114 116
J'ne 5 524 Feb .'4
Virginia Iron Coal & C.
1,.)10 30
51Sj 51
51Sj 5IS2
•235 247
i2264Dec2V Z\j{} Feb21
234 245 Wells, Fargo & Co
'8
i",5(iO
92 J au 1
93 14 0338
9339
954 J'neiy
est'n Union Tele'gpli
93
170 174
172 14 170 West'gh'se El
tg assen
4,600 152 Miiv20 184 Apr 6
|><7S. Dt.c2
197
187 188
Do 1st oref
April
1 85
ASiC
.
400
Apr
ii5
.'5
bOisFeb
American Linseed
BROOKLYN
Wash, ll'hts' 225
West .-•11I0I, ..
'4
1
Jan
SO
2,05(1
.\mericau Car
BANKS AND IRUST COiMPANlES— BttOiili:tiS'
Hul
Uaiiu.'^
'4
Uiiih.est
M ar
.iiif
4 M ay
s7 Sj Fel) .lU7«a Oct
122Sj Apr 4
100 J'iie2(; 158 A lit i 105 Nov
Mai 117 Nov
71
113 Jan 0| l.)134 Dec 3
95 Si Nov 1 101=8 |.-.-lr2l i;80 4 Feb 9^ Deo
9
Feb 25 Deo
214 Jail 4 92 Sj Dec 14
0413 Jan 10 94 Si Dec 14
42 4 A pi 6y Deo
I89,«00
Amer Hide & Leather
5',
J ail
May
pret
43 Si
Do pret
70 14 7734 American Locomotive... 271,000
1,55
llO 117
Do pref
51.
"4
^236 .Jan
.\mer Aaricult Chemical.
20
1
'4
Hi:! 34
23,100
2,900
Do pret
.\malsaniate<lCopp<'r
De pret
39 \ American Ice
iui)4)
(
rrst
I.I'
Deo2t; 115
A|H IJ
17
.Vliscell
Ilis-Chaliners
& Foandry
Do pret
37 Sj 3-.7t American Cotton Oil
93 Si 931Do pret
'222
2 Jo
American Express
10'->8
104 American Grass Twine ..
'ii'sj'^s
40 Si
39 Si
40
>.V
Aitams Express
02
'4
'•2
5
1
900
60U
29 •'t Wisconsin Central
Do pref
02
•.i33.
18
8 141
.Inn 13 37
May 2'.' 4 3
1,800 105
&
39
38 14
9
1 ,2
Wabash
250
Dec
'4
701/
423,
!._
lUOig 10714
50 Si 58
117 117 Si
".J
1
Si
It
133 Si
06 Sj 00 Si
51
loy-^ 110
83
85
56 S; 5T.>4
117 117
50 >a 50
*23o 150
lYO
•187
63-.
129
5314
*81
8.i
42'8 43I4
1061a 10/
*
242
y5'',
321.2
9o3b
105
177S2
23
8438
00
6478
07
Si
46'-.
K,
1734
I79I4
193,
OII4
ll4Si '113Sj 114
17", •16
lY
87
*84
87
45''8
3136
•07
5334
5234
S.
04^8 00 Si
13S3 14
8118 81 >
4618 47 Si
82
50^4
81 J, 83
130 Si 139
I'm" i3J
131^2 132
66 "a Oaia
14
14
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178
18 14
00
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00 Sj
104 Si 'IO3I4
33 '4
3334 34*4
10038
100.^s 107
42
42
42
101
*10l 107
90
88
87Sj
10/ 125 lu7
104
a4
•80
1734
OOI4
61
106
60
46
101ISi
95
S3 Si
82
104
'103 Sj
162 103 14 100
9y
9914
98
4714
47=8 48
100 >g 103
101 Sj
15 "s 15 Si
15ifl
*60
03
62
54 14
5434 5534
'99 Si
•100 101
IOOI4
3334
Sj
8234
99 ^2
99
481^ 481-2
100"% lui
54
lUO
•244
60
104
55
•89
103
I6I34 10134
02^4
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104 14
"-i
03
621s
67^4
185
175
•1814 1884
"53
44
1783<
22*4
84»4
^i
138
208 Sj 287
=
139 Si
108
23
50^4
105 Si 105 '8
411a 42
103 103
63',.
*105
177
'•^
1774.
SOifl
1-.
1-2
4ZS2
iijy'si
14
154
1 49
138'8 139',
813,
13JS,
14^18
'135
106
81^4
107
100
143
63
54
s
250
110
'2-.:o
15
5i
Do pret. vot.
Twin City Rapul Transit.
Do pref
"-.
2234
frevioui
'or
year
•251-j
>.,
45I4 45^8
104 104 i<
5534 503.
*89'a 95
18
18
1803, 181
1838 19
00 't
59
45-V
1U4
23^8
6334
03
10.i7BlOSl4
2434 25
tr. ctfs
tr. ctt.s.
'
235
249
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l(;0-'4
140
>a
39
21 Si
42
5
20
56
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& W. V.
uaiii/e
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i:0
890 22
hiM.
34
I,."i6n
78i,7lVi
iis'iaiVi'^ tlnion Pacitic
1,5'0
yy
yy
Do pref
2,; 00
8934 yo s UnitRyslnv'tolSanFTan
3,900
!<9
89
Do pref
1, '2.-,
8O34 87
United RysofSt Lou. prei
4 ,900
2014 2034
8,500
Do pref
401a 41
1,^0.
•17
Wheeling
Lake Erie...
18
1,100
4218 42B8
Do 1st pret
l,3iih
*20
27
Do 2(1 pret
22Te
9\
75
78S2
11714 in^g
4S
100
298
185
181a 18 S.
*53
00
l»0
la"*
42
78
118 'v
149Sj 153
153'..
139-'4 1:^9^4
152
•138 143
105 ''e 100
42 Si l^''f
175
la
129
>230
•100
14 Si
50 Si
lao
227
iOSi
-413
•24
100^4
lo7
100^4 IW'h
16814 170^6
931-2
IOSj
9 '8
43 ^
4 S
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9^8
7..'^4
'-0
129
•230
•106
•90
222
50
117
Do
90^8 10()^
39
38
227
*21'-4
n? %
Si
IOHj
91a
43
ig
3934
100
39 Hi
•223
34 "n 35
•21 "a
•42
03
26
r)le(lo
lor year im/o
01 lou-share ioi.\
Week
(N. Y.)...
Rail waysifc Light
Tol. St. L.
Range
'M ba.iis
Share!-
Avenue
IniiiiMtrial
235
2338
("hird
35
.,5
'00
00\
249
Si
13538 1353
283.
10734 109:14
41'\
4()>a
39^4
89
94
100
08
;
99
91
80^4 90
80^8 87
20 S) 20 'e
40 Si 41
•17Si 19
42 14 423,
26 Sj 26 Si
'.!',•
29
235
22
62
22',
^94
91
1 7 Si
20'4
24
•223
6634
1 1 7 Si 1
421,
2634
42i.i
63
02
10^1411138
(32'-.
3884
?5034
'•2
20 Si 21
40 Si 4II4
*18
19
41^8
2'2'8
i!2%
100
".i
90 '4
249
235
249
40^4
57
117
99
UO
20 >a 20^4
28 Sj 28^4
61
61
l^>'-'4
*6mj
35'..
321.2
•saUs 01
the
EXCHANGE
Jan S
37
2
I
STOCK..-
NEW YORK STOCK
Jfrtday
i
148" isoil
87
40'8
18'8
41^2
60^4
1
87
20'.^
Mir sua y
135 136
321a 32 Si
"34^ 35 '4
88-'4
85>4
•235
22
Si
*50Sj
-^ 150
yni4
'/O34
*2y
'4
U7'aU7S
85
263*
32
35
—Concluded—Page
FHJ{.b.is
Jan
130
135
130
135
1
Jan 3
Jan 2
1
197
20%
LUWhS'I f^ALh
Weitnfi'ioaii
Sa'Triia'i
IHc 30
Record
iStOCk
Dec. 6 190G
1
Lsl
-Nassau
People's
Wuliaiiisb'u
Ex-iiglits.
.Vow stock.
c K\-(Uvidoii(l and riirhls.
s Trust Co. oertilicates. 1| Banks marked with a paragraph
.
450
500
200
335
345
23(1
J4(l
X
(1|)
are State banks.
J
1
JJ
(
New york
Exchange— Bond
Stock
(»CCIJ1'Y1N(J
UONDS
U S
U ii
U S
V S
iTice
JfYUlav
STOCK KXCHANGK
Wkkk Bndi.nu Jan 5
Y.
Xs".
Bill
L. >. (iiuvoriiiMi-ii>
NOl coiipuii
itli'.lll
reaisloieil
3.S
:^s coupon
U S 3s r^i; small
U S ;<s cou sniiill
'fl'Jl
I
IOJI4 10.
^i^
uu
103
l)ou(1s..<cllil
Ijonils.. -.litis
104
103''kXov'();
\\yi\ Di'c'o;
....
lO.i
107
j'nco:
104 Hj Oct '(C
102 "a Dec':..".
^^K
t
.s
4h rexistereil
/ili'ii',
102
103
U
-^
4.S
coupon
/tlS)(l7
10;^
104
U
.s
4s Teiiislered
1301^
,:^i
ly^.)
q-F
lit'.'.'
U s 4s coupon
Plulippiuo islands 48.1lU4-;i4
'4
Mexico
111
Gold 4s
ot
s
t
s 5s
ol
l.Sic.i
V-.1
1954 J-D
H>04
Stiile SecHi-itieM
Alabama class 4 to 5
(Jlass lios
A
C 4s
Cuirency tuutliUH- 4s
Disl ol Columbia 3'G5s
Class
t
92;'8
Sale
sale
Salt
99^2 sale
92 1-2 Sale
9212
93
/
t
'^
.S7
lOG
105^4
99
^j.
92%
are pr
iiese
991.
92'.;
ices oil tin: h
102
Dec'05
IO9I4
(.)ct
l02'-jMar'02
lt)'j!i
J-J
11*24
F-A
Mar'02
1
119^4 Oct '04
1
118
JJ
1051.^
1
95
92^4
'^i^
Stamped
/il995 M-N
Debentures 4s Series E. 1907 F-A
1908 F-.\
1909 F-A
H
1910
1911
1913
Kast Okla Div 1st g 4s.. 1928
FA
FA
FA
MS
1934
Ala Mid 1st gu gold 5s .. 19^b
Bruiisifc
l8tgug4s ..193s
L & coll g 4s
01952
Sll Sp Oca<feG gng48 ..191b
Atlantic <fc Oauv ^ee Souili Hj
Austin
ibeeSouPacUic
Balt& Ohio priorig3i2S. 1925
Hegistered
/i,1925
Gold 4s
/tl948
Kegistered
/tl948
K
W
J-J
A-O
A-O
.U-N
J-J
Al-N
J-J
&J^W
J-J
y-J
A-O
y-J
P J un & M Div Isi g 3 I2SI925 .\1-N
P L. E & W Va Sys rel 4sl941 M-N
youtliw t>ivlslg3^s...l925
Kegistered
/tl925
Monon Kiv 1st gu g 5s. .1919
Cen Ohio K 1st cg4i2S..193u
Puts Clev & Tol 1st g Gs 1922
Pms& West I8tg4s...l917
Bat creek <fc S fSee Mich Ceni
J-J
y-J
FA
.U-S
A-O
J-J
93
98
i03*" Sale
103 "s Sale
94 ig Sale
94
94
Sep
-<
'05
95
94
lOO^s
loois
9912
99
9958May'05
99i2NoY'04
98%
98i2Nov'04
97 Oct '04
99I2 Dec'05
94 \
&
99=8J'iie'o5
99 Hi Jan '05
981^
101 7e Sale
138
10134
132^4
11758
II4I2
i3f78Sep''05
112=8 Jan '04
114=8 Nov'05
102
100i4Nov'05
98-'4
Sale
95
95
Dec'05
101
94 12 Sale
^
yQ
103'^ Sale
94%
9G
96
Nor'04
10334
103
1U2 -Sale 101 12 102
91I4 91^6 91
9II2
98 Sale
981.
9i34
91^2 Sale
91
93
92i8J'ne'0
10812....
108'2J'ly'05
108-4 109
109 Apr '05
119*4. .
119i2Mar'04
9838....
9812 Dec '05
'•2
&
&
&
&
FA
K
L
12312 123i4Nov'05
10134
117 . .
i'03" Apr''97
125i2l25'8 12534 Dec'05
12Gt£
13U Nov'05
971a 9934
99 12
101 lOi'j 101
IOGI2IO8 107
Kegistered
1913
Carb & Shawn Hee 111 Cent
Carolina Cent 6'eeSeabAirL
Carthage <fc Ad Hee JSI Y O & U
10534
CedKlaEcfcJ!^ AeeBCK<fcJS
Cen Branch U Plstg4s... 194b J-I)
93
Ceu Branch Ky nee Mo Pac
Cent ot Ga KR Ist g 5s..j3l945 F-A 1 20 Sale
Consol gold 58
1945 M-N 113^4 Sale
Kegistered
1945 M-N '112 II312
Ist pre! income g 5s
pl945 Oct
931a 94
2d pret income g 5s
81 12 Sale
pl945 Oct
3d pref income g 53
pl945 Oct
7434 7612
Chatt Div pur mon g 48.1951 J-I)
92^8
Mac<fe iMorUiv lstg58.194G J-J II012
Mid Ga & Atl Div 5s
1947 J-J 112
Mobile liiv 1st g 5s
1946 J-J 110
Ceu KK& BotGacol g 6s 1937 M-N 106H:
94
120
113i.t
107
94
81 12
7612
99 12
101=8
Dec '06
10534
Jan '05
120
11334
J'ne'04
94
82
76^2
9334 J'ly'Oo
II512 Dec'05
Nov'05
ll5i2Aug'05
108^4 Aug'05
115
A-O
J-J
J-J
J-J
M-N
F-A
F-A
F-A
108 14 10734
9 6 14 Sale
105
Is
106
103
12
1121a Sale
95I3
107
IO8I4
993.
14 1077911234
831^102
Nov'O.n
107
103 Dec'05
IIOI4
US'.
Ill Dec'O.:
103
84 108
10838
106
191;) .l-N
106
II3I4
WS
W
Dec '0.7
Nov
113
102
98
Mar'05
J'ly '05;
1131.
Keb'05
lOS^t
'()."•
..
11112. ..
94 '8 Sale
103=8
132=8
Ii7'2
10734
109 V Sale
110 '4 Dec '05
109 la 1 09
3.-5
9bi2
,
I0718.
113 1,
IO0I4
110-8.
103=8
.
'
13234
115 12
10734
Dec '06
lllift
11334
Dec'05
10G"8
Apr '05
107 14
i07'
10818 J'ly '0,
112-4
115 '4 Deo '05
10818..!.; 110
Oct '05
113 115 II6I4 Oct '05
127 126 Dec'05
10518
1047^ Dec'05
IO4I4
10234 Nov'05
100 Sale 100
D,0
99
103 Nuv'98
114 12
II4I2 Nov'O
Hi
114 Dec '05
111
HI Nov'05
10912
IO8I4 Nov'o.;
103 1*;:"": 1031s Nov'05
116 12
10512
"10312
10578;:::::
12618 12634
119
129 '8
12-34 :____:
101 '4
1.2
lo3
Sale
137
134
112
1
1151a
09% 11134
10934 11134
11038 113'8
s/g'^s
99"
II5I4 11 634
IISI4 1211
10934 111=8
1I434 1181a
112 11-38
11334 117
183 =p 185
11334 11538
106=8
108 1« 11 11.2
1081a 110
115-4 116^4
110 11219
1153g II6I4
126 1291a
10434 105"4
10234 10234
12 99
101 12
lOG-'^
Il4iall8
114 117
110 1131a
10bl4lll
103 106 -a
i'lii^iVii-I
Nov'05
Nov'OO
117
llll-''8
115
1151a
110i4Mar'05
llOii II0I4
12618 130
11834 120
126%
1261*
120 Dec'05
142 12 Feb '02
131 12 Jan '05
1311a 131
105=8 Sep '05
109 Sep '03
90
791a
79
la
05 la 105 '8
119
05
12034 126
122
123
May
I051.2
104141071a
Nov'05
I0434 10434
9913
95
'.534
J'ly '04
Dec'05
N0V05
9734
9734
95
97
Mav'04
Dec '05
9412
May'04
80 124
Dec 05
961a
78
85
79
8 I2 88 \ 88 14
89
10038 Sale IOOI4
1003^,
119
11834 Dec'05
1201a Mar'03
112 11412 111 Nov'05
(
105
110
102
=810734
1381a
1173^ 122
11912 1191a
118''sl21l4
105l4l06'4
104 107
'
''8
l',)3
105 '4 Dec 'Oo
104 Dec'05
11818
119
Ll9
123
i03 io^^i^ 103
10434
95i8Sale
95
9412
97
9334
9734
9234
96
92 '2
93
92 14
94 la
921-4 ::::::
1081a
133--2
104
iUu.'04
11134 Oct '05
10834 Jan '04
115
79
106
971.2 Dec '05
115-4 Oct '05
11838 Oct "0
11014 Dec'05
113
113-v
112 Jlar'Oi
1371.2 J iy'99
11334 OcD '05
106 Aiig'04
116
115
9618
IIII4 I'l's
9734 9734
J'iie'04
104
107 ifl"
106 14
..
831a
8014
12
ilO'4 IIOI4
lOl-ife 103=8
L05I4 IO8I4
106 14 lOGia
100 100
10734
Dec '05
liv
b634
79
9618
Nov'05
12
185
Ill's.
b2l4
10O3, 103
951.. 9834
'-2
.
126 12.
981a
iUO
80 14
1.2
.
J07^
97
11734
11734
II9I2 .Mai'05
120
-.2
ni
loo
10634
1U6
112 Dec'05
94 'V
94-8
10J=8 Dec'05
132I2
132
132
95
113
II3I4 II314
'4 Jan '05
10138 Nov'05
lOo Dec'05
132 "2 Salt
112
107 14.. .
112-8
113
Aug'04
HO
llG's
116
ilGU
miigioiia
104'..
1091...
11614
10534
10G34
79
b7
9738
10018 1021a
1181*12113
111
111
106=8
20 lOS
116 Apr'05
110 la Sep '05
lis
115
109
11034
114
89
120%
106=8
11534
Itnilway
;
.
104 14 losifl
10N34 11H.J
11714 122
on Next I'ase.
Met St Ry gen col tr g 58. 1997
Rel g48
2002
Bway<fe 7thAvlstcg5s 1943
Colifc 9thAvlstgu g 5s. 1993
l..ex Av & P F 1st gu g 5s 1993
Third Ave RR con gu 4s 2000
111
IIGI4
1 OV 34
1073.
103
101
Dec'05
119
115
101-^4' ii'-iia
100
F-A
11413
J-D
M-S
11634
.M-S
iis"
AG
90 la Sale
11314
9914
115
903^1
11
M
9413
U634
11034
2 llGiall9ia
119 Oct '05.... 118=8 12134
;::::: 117=4 Dec'O?!.... 117
1201a
9413
95
95
93 la 9713
J-J
94
Third Ave Ry 1st g5s.. 1937 J-J 11512
951-.
96I4 .Met
91
96i2Dec'0.'.
92
El (Chic) 1st g 4s. 1938 F-A
F-A
96
96 Dec'05
9II2 97
.Mil El Ry cfe L 30-yr g 5s. 1926 F-A
"88 Sale
8-<
J-J
88 S 14 87
91
.Minn St Ry 1st con g 5s.. 1919 J-J 1071.^ ::::::
J-J
103i4So,p'0."
98 I03I4 it Jo KyLtH&Plstg5s. 1937 MN 100
J-J io634 11)2 12 1023, jsrov'05
10012 1031.2 St Paul City Cab con g 5s. 1937 J-J
A-O
95 J'ue'OO
Underground Eleo Rys of Don
J.
don Protit sharing 5s... 1908 J-D
96=8 97
Met Ry Co Ist gug 68. .1911 J-J
Union El (Chic) 1st g 5s.. 1945 A-O
Det United 1st con g 4ias.l93'. J-J
941..
96 14 Dec '0.1
941a 961.; United RRs San Frsl 4s. 1927 A-O "8"'7'4sale"'
Havana Elec consol g 5s. 1952 FA
92I2 9534 United Rys St L 1st g 48. 1934 J-J
951.2
94 la Dec 'OS
871a
Louis Ry Co Isl con 2 5s. .1931) JJ
109 Mar'9b
Chic St 40-yr con g 5s. 1930 M-N
84
87
* No price Friday; latest price this week.
aDueJan liDueApr eDueMay ^DueJ'ne /iDueJ'ly ZiDueAug o Due Oct
HI
13334 13634
131-e 1351a
112
10014 J'ne'05
A pi '05
OO'
M
414
1^
118'..
LO534
IUI'8 ....
10618 108
&D
aitpeet
1905
-rA
,
105'=4
lu8-'4
W
BOMiS—Coiitinue«l
Tear
\<
,
A-O
A-O
M-N
M-N
H
|§-
HiUl'-
100 Sep 'o;823^ H2i8
82 'f
781a 78-'4 7812
80
bOl4 .May'05
102 ...
102 Dec'O.^
9414 9518 9438
95
9618 Feb '05
10
l>lISCEl.I.ANEOLS
Street KaiUvay
Brooklyn Kap Tr g os
1945
1st refund conv g 4s
2002
Kegistered 48
2002
BkCity Istcon 5s. 1916.1941
Bky Co& S con gug 68.1941
Bklyn Un El 1st g 4-os.l950
Stamped suar 4-5s
1960
Kings Co El lslg4s
1949
Stamped gu.ir 4s
1949
Nassau tlec gu g 4s
1951
Conn Ky tk Llst& relg4i2s'51
Stamped guar 4 Iqs
195
Den Con Tr Co Ist g 5s. ..1933
Den Tram Co con g68..191i
99
F-A
AO
loo
95
ni'e
J-J
J-J
J-J
F&
KY
123
102
'
97 12
95
99
108
Southwestern Div 4s
192] .M-S
Joint bonds See Great North
Debenture 5s
98
"94" Sale"
lo7'8Sale
J-J
J-J
J-J
97 12
Han & St Jos consol Gs.. 1911 trt-S
24 12 Ghic& E illrelife impg 4s 1950 J-J
1st s IciirGs
1907 J -o
Ist consol g Gs
1934 A-O
General consol 1st 58
1937 M-N
Kegistered
1937 .M-N
Chic & Ind C Ky 1st 5s.l93G J.
Chicago & Erie See Erie
Ghic Iu& Louisvref GS...1947 J-J
96i2 101
Kefundinggoldos
1947 J-J
lOi 10134 lOG
LouisvN AcfcChlstGs.l91H J-J
100 12 IO4I4 Chicago Milwaukee & St P—
3dO 100 10634
Terminal gold 5s
1914 J-J
49 93 14 99 14
General g 4s series A..(;1989 J-J
93I2 97 3b
Kegistered
cl989 W-J
50 93-2 98
General g 3 I2S series B.f 1989 S-i
99=8 99=8
ChiCcfe L feu Divg 5s
1921 J-J
Chic&MoKiv Div 5s... 1920 J-J
99=8 "99=f
Chic <fe Pac Div Gs
1910 J-J
99 12 991-,
ChicA P
lstg5s
1921 J-J
Dak& Gt So g5s
1916 J-J
Ear & Sou assu g Gs
1924 J-J
98i4l01i2
Hast <fe D Div 1st 7s
1910 J-J
lsl5s
1910 J-J
104 10034 10334
I& D Exten l8t78
1908 J-J
Lacrosse
Ist os
1919 J-J
'm'^siiii^s
Mineral Point Div 5s
1910 J-J
So Minn Div 1st Gs
1910 J-J
114=8 114=8
Southwest Div 1st Gs
1909 J-J
1001410014
Wis & Minn Divg 5s... 1921 J-J
95
9734
Mil<fe No 1st
L 6s
1910 J-D
101 101
1st consol Gs
1913 J-D
Chic& North w cons 7s
1915 y-F
Extension 4s
188G-192G U'-A
38 94 12 9778
Kegistered
1886-192G E-A
General gold 3 I2S
1987 -Vl-N
102 10638
Registered
jjl987 y-E
102 105
Smkuig fund Gs... 1879-1929
90I2 93>2
Kegistered
1879-1929 A-O
98I4IOI
Sinking tund 5s. ..1879-1929 A-O
91
9334
Kegistered
1879-1929 A-O
92 % 921*
Debenture 58
1909 M-N
IO8I2IO8I2
Registered
1909 M-N
109 109
Debenture 5s
1921 A-O
Kegistered
1921 A-O
9734 ioo"
Sinking tund deb 5s
1933 M-N
Registered
1933 M-N
DesMo&Minn Isl 78. .1907 F-A
North Illinois 1st 5s
1910 M-S
Ott C
St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 7s.. 1907 M-N
MU L S & West Ist g 68 1921 M-N
11912 12314
Ext & Imp stund gos 1929 F-A
Ashland Div 1st g 6s..l925 M-S
Mich Div IstgGs
1924 J-J
124 12612
Convertible deb 5s
1907 F-A
12434 130
Incomes
1911 M-N
Chic Kock Isl & Pac GS...1917 J-J
98 100 12
Registered
1917 J-J
General gold 48
1988 J-J
102 10434
Kegistered
1988 J-J
1043^ 109
Refunding g 4s
1934 A-O
10534 106
Coll trust Series
4s ..191oM-N
J 4s
1912 M-N
M.iS
1;)15 M-N
N 4s
1916 M-N
O 4s
1917 W-N
94
P 4s
94
1918 iVl-N
Ohio R I & Pac RR 4s. .2002 M-N
119 121 1.J
Registered
2002 M N
113 11G=8
Coll trust gold 58
1913 M-S
Bur Ced K & No 1st 58.1906 J-D
90 101
Con 1st & col trg 5s. ..1934 A-O
88I2
67
Kegistered
1934 A-O
CRIE<feNWl8tgu 68.1921 A-O
521a 83 12
93
M & St L Istgug 78.. 1927 J-D
95
II512II512
Clioc Ok & G gen g 6s .ol919 J-J
11063115
Consol gold 58
1952 M-N
II512II6I2
Keok& DesMlstos
1923 A-O
Ohio St L <fe N O Sec 111 Cent
I10834 112
109
..
'-2
11614
96.^4
35
10318
10234
101=8 E*iC '05
IO2I4
lOS'^,
H
Beecii Creek See IS! Y C cSi
Belle 7
Car Hee Illinois Cent
Bklyu <& Alontauk Hee L,ong 1
Bruus & West aee Atl Coast L
Buttalo
<fc Erie
aee Erie
Buttalo K <fc P gen g 5a.. .1937 M-S
Ali& West 1st g 4s gu.. 1998 A-O
Cida Mah 1st gu g5s
1943 J-J
Roch Pitts 1st g GS...1921
Consol 1st g Gs
1922 J-D
Buttalo
Southwest Hee Erie
Butt
Susq 1st ret g 48.cil951 J-J
Bur C K
:n Aee C
I cfc P
Canada South 1st 5s
1908
'2d 5s
1913
Q—
Kegistered
1949
Gold 4s
1949
Iowa Div sink tuud 5s. .1919
Sinking lund 4s
1919
Nebraska Exteusiou 4s. 1927
Kegistered
1927
97
95
US
Hwnga
I2-C
or
saU
IO414 Oct '05
12
IO9I2..
195( J-J
Glxic Burlcfe
OeiivD4sl922
Illinois Div3i2S
1949
a5i2Dec'04
yG34J'ne'0
21
22
Sale
IST
M-S
102
12
10234 1023,
"-J
iHee
1st gold GS..1934
J-J
Ask how
105
A-O
M-N
M-N
M-S
M-S
lien 3'28...1950
Uaiiway 1st
Mar'OO
20
95 12
21
1st g 43
/(,199o Q-J
S Jje— Gen g 4s. 1995 A-O
Kei^stered
1995 A-O
Conv g 4s
1955 J-D
Adjustment g 4S
/tl995 Nov
Kegistered
hl'-Mu Nov
101
Q-.M
M-S
M-S
M-N
X-O
Registered
'05
UiGiyJ'ly'Ol
J-J
42 «d34 b'V^t,
HiIO3I4 'MS'-i
ll I99I2IOII8
bl 92
90
0/ $5 to id.
J.
.\1-N
al911
1939
Regisl ered
1939
General jfold 41.28
1992
Registered
199
Craig VaUey Ist g 5s
1940
K<fc A DiV Ist con g 4s. .1989
2d consol g4s
1989
Warm Sjir Val 1st g 5s. .1941
Greenbrier Ry Istgug 4s '40
Chic & iVlt RR ref g 3s. ..194
Dec '04
Oct
I
T&
W
&
GoldGs
Last
131i2l313< 131 I2 13ii2
131 1| Sale IHI'4
131'.
IIII4
113 >4 Dec'05
104
101'.^ .. .. 101'', Dec'05|
10134 Sale 10134
102
104 12
J-J
y-j
J-J
See So i'acilic Co
Sav See Atl Coast Line
Ohio g Gs ser A../il90b -"VO
Chas &
1
A-0
J-J
J-J
J-J
lU4b
102
93 '4
88=8 93 ip
18
'Ou
J-J
Aon Arbor
!<' cfe
(;iies
1101-2
.sale
J-J
Istgold 5s
130^4 133-V
I30I4 l.'i4i-.
108 12
90
80
AUegbeuy Valley .'ieePeun HH
Alie* <fe West 666 Bull K <fc 1^
Sav
Cent PaciHc
94I2IO.HI2
JJ
AU Knox & N iSee L &
Atlantic Coast 1st « 48./il95'2
Cbarles & Sav 1st g 7s..l93G
&
105'...
44l:
93-4 141
lyoCi
Series F
Series G
Series
Series X
Series K
Am
1041.' i'041.;
91i:'4
So Ry
laba Alidl A«e At Coast L,ine
Albany & Susq liee Del <te Huii
Atcli
J gen'l gold 58.1987
Registered
/tl987
fXickJa Impgii 58. .1921
Leife Hud K gengiig58 1920
Leli
Wllks B Coal 5s. .1912
Con ext guar4i2S
</1910
iM Y cfe Long Br gen g 4s 1941
.V
103'2ll»5'7fr
99'^ 101
Itailroad
Alabama Cent
BUl
';entof
105-V
!ISi2
lUDi
Louisiana new consol 4s. .1914
CaroUiia consol 4s.l9i<J
Gs
1919
So Carolina 4 128 20-40
19:!,;
Tenu new settlement 3s.. 19l:i
«mall
Virginia tund debt 2-3s...l99l
Gs deterred Brown Bros ctfs.
7^
98%
lOOb J-J
K orth
101
Sale
Sale
AO
FA
>•
JIuiH
'2
I4
Hanye
Jan a
5
Isl consol g 58
O t 9934
series Gs
I ill 1
i 99
X loan 41.2s ctls lull pd.lU'-'.')
t 93
'J<1 series 4 Vs ctls full ptnd
J.J % 931*
£ loan 4s etfs lull paid., lii 31 J-J t 87^
Bepubot Cuba ."js exten debt.. AI-& lOG
U
how
103
102 78
103'.
I30J4, ^^^
„
Dec '05
130i<Dec'i</
130'-U31S. 130i<Dec'i<
109asliU'v llOH.Dec'05
Korcisrn (Government
Japanese Govt Gs sterl'f;. lilll A
•^<1
Wek.k E.vdlno Jan
10:;
Week's
STOCK EXCHANGK
N. Y.
104''j
103
102^4 100
lO^i-j
1,^
.1
JJdNOS
Year
liiur,
Hitiii
Loii'
Weekly and Yearly
I'A<;ES
/iVf-7» fte
102 7g 103\ Uii^ioOct '05
103'^ Sale 11)31.1
103'.
consul rei.'isteioit.tn !•;<<> Q-J
2.S
Vis coil
Week's
Ranrie or
Last .SiUe
Jan 5
Record, Friday,
I'ODU
119 Nov'05
94 Oct 'c5
106 Oct '99
106i2Nov'04
HGI2II9
ii'i'i^NoV'OS
11413 114>a
9634
961a
IO634 J'ly'05
8738
87 12
88^8 Dec'05
Dec '97
;)Due Nov
90
96
96
100>a
10634 1063*
87
92 14
8518
89=s
99
« Option Said
H
N
If <» i»
STOCK EXCHANGE
Wkkk
L&
PM
Chic St
Cliic6t
JAN
liM>lN<.
Pitts
cfe
5
tis...l!):5(i
WeeK's
Ran(ie or
Last Sate
/*rjce
Jan
^«
See Penn C(
Ocon
J
1,010
j-ri
-
188''j
98
J.D
Cons Os reciucert to 8 >vS- 1
ChStPcfc Minn IstjriJH I'.U- VI- M:-i5>2
W'-i
J-.I
Nor Wisconsin 1st (is...!
St P €& S City 1st s Os-.-lsn'.' A-O 122^4
99 Sale
48...1'.t4^
ChJcapo Ter Trans g
98^4
Coupon oil
113a8
114^4
Clucdi \Ve8tInctj!rens't'S9l!i:f> C^-M
Mich See Pere :\Iar(|
Cliic &
Choc O & UuU See C K I A P
''^'^
!»:•!('
W
cm H& D
J-J
ClnlJ&l 1st ffu K5s...l'.tU VI. N
Iwtpu 4s !.'-."j;^ M-N
C Find & Ft
1st t'U g 4s.H(5;i J-J
Cin I &
2(1 Rolil 4'<2S...1'J:{7
W
W
O
C I St L <fe
Cin S <& C
CCC
C C C St L
iee
iS«e
St
<fe
JJ)
J-J
J-J
WW
A:19:ili
con 1st g
consol 73
Consol siiiJc lnn(178
General consol sold
S
<fc
ct
J-J
1914 J-I)
1914 J-1)
1
J-J
1984 J-J
i)S.19:;'4
KemslerPd
W
lat pret 4s. 1940
O Inil <fc VV 1st p£ 5s...(093^
Peo cfe Kasl 1st con 4s. ..194(1
Ind Bl
<fe
Income 4s
CI Lor
<Sc
VVli
|>)-F
5s. .1 92.^
(;i
Hi(/h
138''8l39
Oct
loo
'(),")
9Sii
113^2 Dec '05
113 Oct '0(1
11734001 '05
1990
con 1st k 33,198:;
Clev* iManetta ieePennUH
A-0
Q-J
A-O
AC
Glev<fc Malioii Val f!:6s...l98^ J-J
Pitts Aec Penn Co
Clev
1947 J-J
Col Jlidland Kst -j 4s
(Colorado cfc Sou 1st p48...19'Jl'
&
135
1357„
i22''.2i25'i-'.
.S6l4
84-is
IdOlf
100
113i4ll5-'j
FA
116
119
91534
"ggi;
M-S
Morrisib Kssex 1st 7s...l914 Wl-N
1915 J-D
ist consol guar 7s
191,') J-1)
Hesristered
Istret gug SHjS
2000 J-D
l,ack<fe
1st 6s... 1921 J-J
Co lisl ruction ,')S
1 928
FA
Term & improve 4s
1928 .Vl-^
Bing& N V Ist 7s. .190(3 A-O
Warren 1st ret gu {? 8 '2X.2()00 FA
-S
Oel<fc Hud 1st Pa Div 7s. 1917
Syr
.VI
Kegislered
& Sus Ist con gu
Guar sold Gs
Alb
103
10
102 >4
101 -'4 Dec
102 14 Nov
10034 Dec
100 Oct
Sale
993,
IOOI4
100
•98'
33 101
100
1900 A-O
190G A-O
Rensife Saratoga 1st 7.s. 1921
Del Kiv KK Bridge See Pa KB
(Vl-K
Denv & K Gr 1st cong 4s.l98t; J-J
Consol gold 4'2S
1981) J-J
Improvement gold 58. ..192!^ J-1)
198ii J-J
Rio Gr West 1st g 4s
and col trust 4sA.1949 A-O
Mge
Utah Cent 1st gu g4s aiyi7 A-O
Bio Gr So gn /See Kio Gr So
DesMoi&FtD .SecM&StL
M di Minn See Ch & M W
Jloi Un Ry Ist g 5s. .1917
M & Tol -See L.S& M So
Des
Des
Del
Det <fe JIack Ist Hen g 48.1995
199.')
Gold 48
Det Sou Istg 4s
1951
Ohio Sou Div l.st g 4s. ..1941
Dlii<& Iron Range lat OS.. 1987
Registered
1987
19Ui
'2a Ha
Dul Short Liue Isl gn 5s. 19 1
Unl So Shore <fc Atl g 5»..1987
.
(>
East ot Minn see St P .M & .M
ast Ten Va
Ga See So Kj
9934" "9934
Feb
Aug
105 Jan
lOl^sNov
's
,
102
101 12.
115
II9I4.
lOmiNov
18114!
135
.
99
100
77
l()liel02i^
112 115 14
I2134I2314
123i4 0ct
105
101
100 12 108
Deo
115
.
Oct
'05
iiii^iiss'"
104'uKov'Ol
Sale
100
100
73
79
98
78'-
71
101
12
.S4
113^4
11538N'ov'05
115''>8ll53f,
116
1161^ Jan '00
II6I2II6I2
7434 Sale
7434
94
90
Sale
1-2
77
94 14
73
90 14
7878
9612
V&
W
107=8
106'^8Nov'05
123 ^i Sale
126^8 Sale
12638
1321-2
127
132
1-.
1263*,
J'ue'Oo
126 14 126i«
118 -2 113
105 Oct '05
104 ifl Dec'05
102 Feb '03
134 May'05
149 Aug'Ol
10218 Dec'05
IOII2 Dec'05
I42I2 Mar'05
126
118 Hi
104
i-j
IO4I4
96 's
133
10234
101^4
137'ii
100
102
Sale
106
108
100
ICO
10634 Sep '05
106i<,Dec'05
97 "2
99^4
90
90
a? Jan '02
•dlH
89
95
Sep
110
99
95
TOO
96
Sep
101
95
IO6I2IIOI4
128 14 1293,,
12838 18134
127
130
12734 iao'i^
11218 115
103 105
10334 108
'134"
Coal&RR Istcurgu 63.1922
& Imp 1st cur 6s. .1918
N V & Green L gu g 58.1946
Y
Sus
N
& W Ist ret 53.1987
Dock
2d gold 4'28
1937
General gold os
1940
TermiUiU Ist gold 5s. ..1948
Kegis $5,000 each... 1948
MidRRotN J Istg 68. 1910
WUk<fc Ea I8tgug5s.l942
Ev& Ind Istcon gug68..1926
antl Electric
'05
101
95
101
97
961-2
A-O
J-J
Dec'05
1111-2
116
IVl-h
118
118
Dec '05
1 17
M-N
M-S
lOGTg
10834 J'ly '05
II334 J'ly'04
107
Oct '05
11314001 '05
108 Feb '05
107
183 Deo '05
130 Aug'U8
99 14
100
10 11-2 Oct '05
91 '4
94
182
1-2
ifi
12034
118'-2
Wl-fe
107
A-O
1183,;
108-14
,
109
138
132
180
9938 Sale
J
J-J
J-J
9212 Sale
F-A
A-O
96 Sale
1073, sale
J-1)
122
102
121
102
88 Nov'04
95 14
96
IO8I4
10738
127 Nov'O..
110 Mai'05
1211.. 121
Deo'05
10234
'-4
Deo'05
I8412 Deo'05
118 J'ly'04
1153s Dec '05
I3414
II2I4
112
llS^a
rJlVjOct '05
11634 Nov'05
J-J
F-A
102 14
F-A
M-N
107'i8ll0
II034
102 V Deo '05
107 Sep '05
"12
11834
118..
108
loyi^i
10834
1-2
1101-2
113141171-2
loll-,,
'2
103
187
1081-2
1011-2 loll-..
91
G L Co Istg 5.S...1947
Bklyn U Gas Ist con g 5.-J.1945
Buffalo Gas 1st g 58
1947
Consol Gas conv deb 68
1909
CoDsum Gas see P G <fe C Co
SeeKCoEL&P
fid E IB See N Y G & E L H &
Eq G LN Y Ist con g 5s. .1932
108 S 109
110 113
113
94 14
latest bid
1958
1950
b5
92
Deo'05
101
lOS^a
S2
lOy'gJan'OS
114
110
105
118
1251-2
10234 105
184121361-2
list's
116
117
1211-.
II4I4 11034
101 104
10634 111
1171-2 11918
Apr '05
107'ellOi4
109 '8 10978
11334 114
Dec'05
80
8O34
6(>
J-J
164 14
1701-2
165
io6'
104 V 10438 Deo'05
105 Sep '05
102i«
99
103 14
L Sou
1st
gu g 48
and asked
this
101
IO712 1071-^
105 12 J'ly '04
lOU-'^a
lOO-V
103 "2 Dec '05
109
12
10534
CCdk
W
10734
109^2
Dec '00
Feb '05
100
May'05
I22I2 122-34 Dec'05
106
ibe''^"
10334
9212.
107
.
80
.
81
85
"2
10978 IIII4
103
102
ibiiiio2H
'04
Dec'O.)
Oct
108
105
'01
105^^
J'ly '05
uii'^ioi"
106 4
106 Si Mar'08
95 Oct '05
128 Mav'99
81
Oct '05
"9414' 961^
81
84
86
Dec'05
86I3
Dec '05
93
96
861-2
*95
92
101
103
Is Oct '99
100 Nov'OO
ll)638
109 Is May'05
120*2
122 Dec'05
1031^ 90 Nov'9,s
121
125 Nov'05
119
11934 Mar'04
9358May'04
1061a
80
lOIH.
110
103
1-2
Jan
109 Is 109 Is
122 122
12178 125
IIOI2IIOI2
'05
Nov'04
11134 Deo'05
107
981a.
,
.
.
See St L & S F
See
K <fe T
City Sou lat gold 3s. .1950
M
1-2
1001-2
119
lOOHs 100
80^6 78
115 118
86
86
75
Sale
731s
63
1950
Kentucky Cent See
L& N
loo's 11! 34
Deo '02
Oct '05
Deo'05
:ou
Deo'05
Dec'05
86 12
995910012
118 12212
100 10314
70-3s 82
II2I2II8
85
88
751.
Hi
-5^
70
Oct '00
Keok&DesMo SeeCKI&P
Kuoxville & Ohio See So Ry
Lake Erie <feW Istg 5s. .1987
2d gold 5s
1941
North Ohio 1st gug 5s. .1945
L She <fe MiCQ S See N Y Cent
Leh 'ValN Y Ist gug4i28. 1940
Kegistered
1940
Lehigh Val (Pa) 00ns g 48. 2003
Leh V Ter lly 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co Isl gu g 53.1938
Leh cfe N Y Istgtiarg4s..l945
Registered
1945
1st pt6s
1914
Gold guar 5s
1914
118
11712 118
II318 113V
117 Nov'05
II314
115
117
11939
10034 Dec 'Oc
1 18 I2 Oct '05
IO8I2 11218
10034 10178
11712 119*8
109 12 Oct '99
112
112
98 Is Dec '05
115
Sale
9712
,
112
105 14 Sale
& Hud R See Cent o( N J
& Wilkesb See Cent of N J
Leroy & Caney Val See Mo
IIOI2II2I2
lllisN'ov'Oo
112 Is Nov'05
117
112
EIC&N
II712I2O
10 112=8 ll'ik
117 120
106 14
9712
115
99
,
105 li
105
Leh
Leh
Long Dock See Erie
Long Isl'd— Ist con g58./il98]
14
10
Uuihed gold 4s
Debenture gold 5s
99 4 106
105 105
89 12 92 12
IO912 1091-2
100 100
122
94
194',i
1981
Guar rel gold 4s
1949
Bklyn <fc Mont Istg 6s.. 1911
Istos
1911
N V B<feMBlstcong5sl98i)
N Y & K B 1st g 5s
1927
NorShB Ist con ggu58ol982
Louisiana & Ark Istg 58.192
L,ouisv & Nashv gen g 6s. 1980
Gold 5s
1987
Unified gold 4s
1940
Registered
1940
CoU trust gold 5s
1931
5-20-yr col tr deed g 48.1928
E H & Nash 1st g 6s
1919
Hi
I2
127
10078 10212
102
105
1071-2
110 .l'ne'04
lOlii Dec'05
102
Xov'o;.
99i4>-'Ct '04
10134
10134
100 14 103
1013,
16 i" 10334
106
1021-2
105
112
IIII2
liois
IIII4
11^^34
Dec'O.
Mar'Ol
105
120
11914
103 12 Sale
ili'iisaie
98 Hi bale
II314
IO6I2
105
lll3^,jiay'05
ir.'iaJ'ly 0.
104:'8O0t '0
11«34
119
1 18 ^ Nov'05
ll2i^H2is
1041-2
107
J22I4
II9I2
1021-^106
119
117
108 12 106
l0178J'ne'04
II0I2 II5I2
9812
9.-5
II414 J'ne'05
113 12034
9712100=8
114 14 117
LacGasLolStLlstg5s.el919 Q-F 107 12 10834 108
108
Ref and ext 1st g 58
1934 A O IO412
105 12 May'05
Milwaukee Gas L 1st 4s. .1927 M-N
923„ Dec'05
92 ig
.\ Y G E L H & P g 5s. ..1948 J-D
1081-2
109
ill)
Purchase money g 4s.. .1949 F-A
90 14
91 sale
91
Ed El III 1st conv g 5a..l910j M-S 102 104 IO8I2 Oct '05
10678 110
IO6I2
105
93 Is
92
108 lllia
9734
90
103 ig 109 I2
on -Next Page.
85
189
115l2ll7'2
102'-2Nov05
loo's
1922
1982
Electric Light
11278 118
1151-2 Tlec'Oo
100 12 102
102
96 ig
100 12 102
1141'^
/tl98]
198,-
Ons and
Nov'03
88
10434
Oct
70
106
102
102
11212
100 103
1021210312
1..
1931
St L
BONUS—Continued
61i2 0ot '01
88
9814 102
993^
Deo'05
12
10534
Gold 312S
Registered
Spring Div 1st g 3 1-28. ..1951
Western Lines 1st g 4s. .1951
Bellev cfc Car Ist 6s
1928
Ciirb & Shaw Ist g 4s... 1932
Chic St L & N O g 58. ..1951
Registered
1951
Gold 312S
1951
Registered
1951
Memph Div lat g4s...l95]
Ist consol gold 5s
1995 J-J
LtfcP 1 stcon g 5sl980 K-A
<fc Rich (ias 1st g 5s. 1921 .VIPat
Pas G K con g 5s. 1949 M.S
Peo Gas
C Isl con g 6s. 1948 A-O
N Y<fcQ El
N Y
112
12
10 Dec'05
II3I2 Mar'oo
10234 Oct '0.'
94 Mar' 08
IOOI4 1031-2 10218 Nov'05
,
1951
1951
1951
9,S'\
1251-2 127
113
Sale
I64I4 Sale
M-S 114
Ga8<& ElecBergCoc g5s.l949 J-I)
Gen Electric deb g 8I23..1942 FA
Gr KapG LCo lat g 68.. .1915 F-A
Hudson Co Gas Ist g 5s. .1949 M N 108
Kau City (Mo) Gas Istg 5s 1922 A-O 97
Kings Co El L<fcP g 08. ..1937 A-O
Ptxrchaae money Os
1997 A-O 121 12
Ed El II Bkn latcou g 4s 1939 J-J
93
No price iCriday;
Regi,stered
Cairo Bridge gold 4s
1st consol gold 48
1'
'
gold 4s ...1958
General gold 4s
Ferry gold4i2S
Gold 4s
9534 II4I4
J-D
M-N 112
A-O
80
DetroitCity GasgSs
1923 J-J
Del Gas Co con Ist g 6s.. 19I,s FA
EdEllllBkn
Tex
<fc
95
M-ls
J-J
IO8I2 115
91 34
I
100
Light
Atlanta
1952
Kan
tUlsit;EL,l,.ANEi)LI?»
Uns
Regi-stered
K C& M K& B
Kan C & Pacillc
116
A-O
J-D
'04
M
114
J-J
113
.110
102
Ind Bl <fe West ^>ee
Ind Dec &
Ist g 58
1935
roi'4io3i4
IstgTiargold 5s
1985
10078 10618 lud 111 & ta Ist g 4s
1950
I42I2I42I2 Intife Great J^for Istg 68.. 19 19
2d gold 08
1909
3d gold 48
100 102
1921
10634 109 H: Iowa Central 1st gold 5s. .1988
lOGigllO
Gold 4s
1951
98 101 14 Jetterson RR see Erie
89
94 12 Kal A <fe G R See L S &
S
an & jMich See Tol & O C
K C Ft S & .M See St L & S F
113 '4
A-O
A-O
104
W
i34''-j
'04
95
114
99
103
9979
Central 1st g 4s. .1951
1 Registered
1951
Ist gold 3I2S
1951
Registered
1951
Extended l8tg3S28
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1952
St
84
105
1123
9912
107i2Sale
llinois
Registered
70
90
J-J
101
103
3s
1951
St Louis Div<fcterm g38.1951
Mar'05
Wl-h
103
9134
9934
Omaha Div Istg
Deo '05
J
102
Oct
118
89
9934 bale
Greenbrier Ry .See dies & O
Gull & s I l,st ref & t f 5s ^^952 J-J
& St Jo 6'ec C B & Q
ousatonic See N Y N H <fe H
Hock \'al Istconsolg 4 1-28.1999
Registered
1999
Col & H V 1st ext g 4S..194.S
195.'^
Col & Tol Ist ex 4s
Housi K &
Tex .See So Pac
Houst & Tex Cen See So Pac Co
LouisvDiv&Term g8i2S.1958
Middle Divreg5s
1921
..fe
A
Pt Term See St L S \V
Xor—CB<fcticoll tr4s 1921
Registered. /i
1921
LN O
8I34
J-J
Mar'9^
118
A pr '05
<fe
Gt
I
91
981-2 98
II3I4 Sale II314
M-S
M-S
10,1
Sale
I2OI4 I24I4
10614112
114 116
Han
J-1)
J-1)
Got '05
Dec'05
113
&6
High,
Loiii
122
111
114
107 V lOi
Ry
(Jray's
<fe
Elgin Jol<fc Kasl Ist g 58.1941
Elm Con & M o See Leli A' \
Erie let ext gold 48
1947
2d ext gold 5s
1919
8d ext gold 4 "ijs
1928
4th ext gold us
1920
5tli ext gold 4s
192^
Ist consol gold 7s
1920
l8tcou,solg tund 7s
1920
Erie 1st con g 48 prior.. 199H
Registered
1991)
18t consol gen lien g 4b.. 1990
Registered
199t.
Penn coll tr g 4s
1951
50-year conv 4s.
1958
Bums'
Erie 1st 7s. .1910
Burt & S
190>gold Gs
Chic & Ene 1st gold 5s. .1982
Jett RR 1st gu g 58
al909
Long Dock consol g 6s.. 1935
A-O
Year
<See .So
.See So P:ic C(i
10'234
M-S
A-C
J-J
106
^TalH& Hot 18821st5s.l918
Georgia* Ala
Sea A Lint(ia Car & Nor
i'ee .sea A Line
Registered
M-S
1,90 J
Ask
II0I2
. .
10414
941-2
il-N
J-D
J-D
L'anpe
124
1st COTis
Oswegat 6'eeNYCein
Grand Kapcfc Ind ,see Penn UK
9812 10214
IU034 103 "e
9934
102
104"
i;'17 .M-S
7s.
Bid
see Peiin Co
68.1921
1942
Mt Vernon 1st cold 6s. .1928
Sull Co Branch l.st g 5s. 198(1
L''argo <fc So .See cli M Aj St i'
•^ liiit& Pere .M
.Sfc fere .Mai
Kla (' iV: Penin .See sea Air Line
bort St U 1) Co 1st ir 41-2S.I94I
Ft Wcfc Den C l8t g 68
1921
Ft
& Rio Gr Ist g 4s. 192^' al Har <fe S A
/
*ee So Pac C(
Gouv
'1
W
T H
ife
Wee/c's
Jiange or
Last Sale
<S'ec
"9634 J'iy''0£
&
NY
Ev,ius
W
Coluja <fe (jreeuv Sc^ So Ky
Col ife Hock \'al See Hock Vai
Tol Sec Hock Val
Col
Col Conn & Term See >.'
Conn dc Pas Kivs Ist s 43.1948 A-O
St P
l^kak & «t So See
&W
CM &
1 'alias ^u Waco .See M K &
Del Lack & Western 7s.. .1907
Pitts
i!.rie <fc
Jan 5
Istgeueral goUl os
129\ Mar'i)4
123
100
9H
/Yjce
Friilay
N, Y.
(iilaVG&Kor
Bt LUivlstcol tr pr 4s. .199(1 M-N
HeLMstereil
1990 .\1-N
Sur ilo Col IJiv Isi p 4s. .194(1 M-S
Viii Div 1st ST 4s.. .194(1 J-J
I .St 1.& C consol 68..m'i() Wl-K
,...*19:-!(; <M!
Ist ffoli! 4s
CC C
11414.
Low
39
STOCK EXCHANGE
Week EKntMi Jax 5
Year
I'JUS
(jeorgia Paoitic
f
li);i;i
Vy'in
,110
HiQh
185 W; Dec 'O,'
98 Dec '08
1 85 "2 Dec 'or
Hariae
o ^
" ^
1
& J\Iali See B R *
Clev Cin C & .^t L gen a 4s
198','
Cairo Dlv 1st sold 4s
Cin \V& W Div Isle4s.l9')l
Clearflelrt
i{o<!)Nl<Tt-<t
,
Bond Record— Continued—Page 2
Jan. 6 1906.]
N. Y.
M
&
&
121s. 1191-2 Nov'06
IO2I4
102"-.. IO2I4
108 Nov'05
117
'
&
10512
96I4
96 Deo'05
week, o Due Jan 6 Duo Feb d Due Apr
e
Due May A Due J'ly
fc
104-34
123
107
'
Refunding gold 53
1947 M-S
CliG-L&Cikolstgugos 1937 J-J
Con G Coot Ch lstgug5s.'3() J-D
Slu Fuel Gas Istgu g 5s. 1947 .M-N
Syracuse Lighting Ist g os.'Sl J-I)
Trenton G & El 1st g 5s. .1949 M-S
Westchester Lisrlit'g g 5s,1950 J-D
106 12
122
10773
107'f
107
1061-2 10712 lOOig
1031-2
106
"
ll-Slo
102
108
Nov'05
122
10312
Due Aug
1-2
104-34
121
108
108
105 I4
12710
128
106 '4 109
HI
108
10534 1 09 "4
107
Dec '05
Dec '05
108
I2
1071-2
S.
110
iOS34 113
Due Oct
110
May'05
Jan '05
g Due
Dec
11214
IIII4II3
s
Option Sale
—
SJ
40
Bond Record—Continuedfrice
N.T. STOCK EXCHAN(JK
w bKK t.NDiNi. Jan 5
LouisT
Laitt
or
sale
Ho Low
Low
Kill
(Cmilinufft
Naslir
(fe
LCin & Lex told 4 'r28... 1931 MN 107
O & M l8t irold t>s....lii:-t(' JJ ,28
126
lt)3ti J-.)
N O M '2cl BOid 6s
109
109
131
128
114
121
121
129
JJ
Knnne
Year
1906
Weeic'a
Range
tYiUav
Jan 5
Mar'Oj
Dcc'OS
128
Api'On
1
.1
.VI
108
"2
981.*
96
II2I2 II5I2
O
I
cfc
199(i
190.s
AC
W
2d consol income e 3s..al939 fly
Coll tr
;.
coll gold 5s
191!
A-O
19(l'i FA
Ser
Mex Internal Ist con k4s.197'i .M-S
eiiaranteed
1977 .M-S
Stamped
41-28 1st
Mex North
191(i
Ist sold 6s
Mich Cent
Mid ot >IJ
tiee
MU L b & W
Hee
N Y
tiee
MSSM
Chic &
104>4l06
107
104
10618 109
105
!•
18i4Sale
92
99
781a
81
J-D
J-I>
A-(J
J-D
.M-N
VI-
J-J
2434
I8I4
255s
I9I4
94 ig
90»8J'iy'oi
138
106
1
1171.2
.
lOOSgSale
10534
93 H
F-A
9638
A-(i
M-N
M-S
J-D
M-S
M-N
1920 M-N
l8t consol gold 6s
Trust gold 5s stamped. ol917 M-S
Registered
ol917 M-S
FA
1945 M-S
40-year gold loan 4s
Cent Br Ry 1st gu g 4s. 1919 l=-A
Leroy&C VALl8tg5s 1926 J-J
Pac R of Mo Ist ex g 48.1938 F-A
2d extended gold 5s. ..1938 J-J
St L Ir M<fc Sgen con g 5sl93] A-O
&en <3on stamp gtdg 5s 1931 A-O
& ret gold 48.. 1929
Riv& (i Divlst g4s..l933
Verdi V I & W 1st g 58.1926
Mob<fe Birm prior lien g 6s 1945
1945
Mortgage gold 48
Mob J & K Cist cons g 5s. 195:<
Mob Ohio new gold 6s. .1927
Ist extension gold 68..A1927
1938
General gold 4s
Monlgom Div let g 5s. .1947
St 1. & Cairo coU g 4s..el930
1931
Guaranteed g4s
&
1 1 1 's
12014122
J.J
8;t
98
98 14
1021s Dec'05
103 Nov'Ol
99
102=4
961-2
iVl-S
J-J
J-J
J-J
J-D
951-2
'iL
n5
'4
FA
47 100
107
93
Dec '05
Dec '05
8434 90
10334 10934
87
111634
94-^8
96i4K'ov'05
I5I4 I1514
Sale
109 "4 Sale .08 Si
107 108112 .0718
109
111
104
'^4
92
107
1^2
934
y4
97i<2Sale
103
104 14
Sj71-4
110
,
I04I4
,
107
93 S
97 19
Mar'05
IO4I4
,
1161-4
•92
i-j
78 l()9''j
1 0834
[02 14 107
121 12 125=6
IO5I4 11038
107
1101,2
96I4
92
95
98 12
IO4I0IIO
103 1051-2
1164 120
61 11514119
116 116
y47gDec'05
9434
10a
111
97 14
115
93=8
9638
94
98
llli2Mar'()4
90
96 Oct '05
94 4
97
98
Sale
1251-2126
96''b
Deo'Oo
Dec '05
1534Nov'05
92 14 Oct '05
101 Nov'04
98
11234
Q-F
9'^i2
J-J
97
Nov '05
129
122
124
99
97
28
>i2
11334 11534
1
101 12
93 14 93 14
95 1^100 '4
12534 130
122 126
9612 99 14
92 14 95
McM M W
New H & D 6eeNYNH<fcH
N J J unc RR See Y Cent
New & Cin Bdge See Pen n Co
NO&N E prior lien g 6s 231916 A-O
iJ Y Bkln & Man BcU See L 1
N Y Cent<fe H Rivg 3>2S.1997 J-J
M-N
FA
FA
F-A
FA
120
114
119
123
117
124
11714 117 14
llSifi
H4I4II41-.; II4I4
1141-4
1154
124
Oct '05
1 17 14 Mar'05
113 J'ly'04
112
Ill
107
106
ad's Sale
84112
JD
cfc
1
Oct
'05
85io
105181051s
61
85
7934
98
937s
97 7b Dec '05
101 14
10038
90 14
89^8
9334 Sale
10034 Sale
90 14 Salt
36
1-2
97'6l00i2
100 102'.)
89
93
88 12 91
89 12 Dec '05
88->4
8934 Sale
88
104
891,
S91.,
10
Nov'05
106^8 Sep '0.1
102 Mar'04
90
98»4 10078
90
89I4
911-2
89
90
120
120
.
124
120
106
122
119
1 06
J'ne'O-.
97«(,Dec'03
97=8 10"
105i8Mar'(i5
lOoislOoi*
11912 Mar'05
118
116
116
116
Jan
11334
1191*
iigig
'02
103
107=2 Feb '05
10434 105
104
103
107S2 10712
1061,
104.
Oct '05
'-2
;'.)4
103
103
W
N Y North See N Y C H
N Y O W rel Ist g 4s...c^l992
cfc
123 14.
13134
1031s Sale
10238 103 H.
1055s Oct '05
10734[Sale
I31I4 133
10734
131
132i2May'05
132i2l32?t
12934 Nov 05
10134
102
9934 J'ne'04
;i8 Si
y , ..
12934 12934
94=8
94 ig 98
109S2l09Sj
100 1031a
Apr 'O;
cfc
Regis S5,000 only
al992
Y cfc Put See N Y C cfc H
N Y cfc R B See Long Island
N Y S cfc W See Erie
N Y Tex M See So Pac Co
Nor South Ist g5s
1941
Norf
West gen g 6s
1931
16 102 14 106^
103i2l05»g
-V
FA
J-D
J-D
J-J
J-J
J-J
Improvein't cfc ext g 68. .1934
New River Ist g 6s
1932
N cfc Ry 1st con g 4s.l996
Registered
1996
90
100
102
95
104
100
1-2
107
105
105
106
'4
105
101
Apr '02
Nov'Of.
105
105
103
107
Oct '02
S(!p '05
104
104
104
90
J'ly'Oo
1051-2
Nor Wis .S«« C St P M cfc O
Nor cfc Mont See N Y Cent
A'ee C C C cfc St L
OInd cfc
W
hio River RR 1st g 5s. 1936
General gold 5s
1937
Ore cfc Cal See So Pac Co
Ore KR & Nav See Uu Pac
Ore Short Line See Un Pac
1946
J
1921 J
Guar 312S coll trust reg.1937 M
Guar3i2SCoUtr ser B... 1941 F
Tr Co certit'8 gu g 31^. 1916
C St L cfc P l8t con g 58.1932
1932
CI cfc P gen gug 4 lesser A. '42
Series B
1942
Series C 3I2S
1948
Series D313S
1960
Erie cfc Pitts gug3ii23 B.1940
Series C
1940
Ncfc C Bdge gen gu g 4 ^n 1945
P CCcfc St Lgu 4 1,28 A... 1940
Series B guar
1942
Series C guar
1942
Series D 48 guar
1945
Series E 31^ guar g
1949
Series F 4s guar
1953
Pitts Ft
cfc C 1st 7s. ..1912
W
M
A
A
J
A
.VI
F
J
J
J
A
A
'1-2
78
107 12 Oct '04
102 Si J'ly'04
Sale" 78
79 584
Sale
107
99I4
9734' Sale
112
110
J-D
1051-2
78'...
321
107=8 Dec '04
105
IOII2
J-J
771-2
107
1-2
125
132
114
109
..
.
98I4IO3
9414
3d 7s
/1I912
-^m Telep
cfc
'05
125
126=8
114
114
J'ly'99
Dec
'().•;
J'neOo
lOOSiNov'O
94 Dec '05
10734 109
9978 101
9i:Si
Deo'05
99
109
USiaDec'OS
112
1151.
I10i«
99
Nov'05
118
US'*
114S.
ill
115
Dec '05
10434
119
97 S; Dec'O'
119 Dec'05
II318
10Si4Aug'03
98
IOII4
H6I4
102ial05i4
102 Apr'Oi
10634 109 '4 Dec '05
10734 Dec 05
931^2
93=8 Nov'05
*9234
9314 Dec '05
971.J
94
14 lUialieia
118
IO8I4IIII4
106 106
93=8
93^
93 14 94
97
9914
11734 120
114
981a
9812 Dec'O
98
96
96I4
96I4
98
'04
961,
98-'4
Apr '04
II212II3
103 I03I2
9612
93
103 12 Dec '06
94 Is
91
II3I3.
127=8 Oct '02
Mar'04
121
112
106
119
107
S2.
Apr '04
Dec'U5
UlSz sop
10816
99 14 Sale
103 S2 Sale
10414
103 »8
108
981a
11134 II412
11134 11334
ll2S2.1'ne'05
.
S2
Jan
96I4
102
llliull2v, 11134 Dec'O:
'IIII12II21-2 11 134 Dec'O.
J
RR ist real est g 4s. 1923 M
10334 10634
112 117
110 !« sale
113
104%
103i4l06i«
75 12 7834
74 .i 763*
99I2IO2
115
94
103
A
Oct
1331a
"97"i0078
11514
IOSSj
106
99
L06
109
'04
Aug'O;,
99 S;
103 I2 104
104 14 Oct '05
110 Jan '05
11038NOV'05
1
9712102=8
01 ^ 107
IO4I4 104 14
110
....
110
110381111a
I'nae
and Toleiilione
Tel
coll tr 4s 1929
1st g 4s.. 2397
\W''a
93i2Dec'05
90S! Oct '05
109SiMay'05
104
lo.=.i.i
J-J
Q-J
T Ists Ig5s
1918 M-N
cfc N J Tel gen g 58.. 1920 M-N
West Union col ir cur 5s. 1938 J.J
Fd and real est g 4S23...1950 M-N
Mul Uu Tel 8 fund 6s... 1911 M-N
Northw Tel gilt 4S2Sg..l934 J-J
N Y
68
7914
60 12 7c S
125
116
F
J
76
Si
100
Si
100i4Dec'o5
.M
1912 J
105
104
133
771*
J'ly'05
7133^
100
M
MelTcifc
102
8
"7
104 12
104
Oswego cfc Rome See NYC
O C F cfc St P See C cfc N W
Oz'rk cfc Cher C 1st gu 5s g.l913 Ag 58
91I2
105i4Sal6
104 sale
77 Sale
II5I2
107 14
1083,112
1073,
'05
Jan
'•i
loy i^ Feb'05
100 S2 100 12
771-2
Registered certitic'8..1923
St Paul cfc Dul 1st 5s
1931
2d 5s
1917 Al8t consol gold 4s
1968
Wasli Cent Ist g4s
1948
Xor PacTerCo 1st g 68. .1933
Nor Ry Cal see So Pac
Gomni Cable Co
90
9434
133
1U3
loo Is,
.
W
BOND.S— Continued on Next
102
85
.
9373
Pocah C cfc C ioint4s..l941
T Istgu g5s
1922
Scio V cfc N E 1st gu g 4s 1989
North Illinois See Chi cfc N
North Ohio See L Erie cfc V/
Nor Pac— Prior lien g 4s. .1997
Registered
1997
General lien gold 38
a2047
Registered
c2047
St Paul-Dul Div g 4s
1996
Register cid
1996
C B cfc Q coU tr 4s See Gt Nor
St Pcfe N P gen g 6s.. ..1923
CCcfc
Tele^irapli
103
Sale
98
Consol gold 5s
1919 M
Consol gold 4s
1943 M
(Jonvertible g 3 1-28
1915 J
Convertible g 31-2S
1912 M
AUeg Val geu gu g 4s. ..1942 M
CI cfc Mar 1st gu g 4 '•2s.. 1935 M
DRRRcfc Bgelst ;;u4Mg.'36 F
Gr Rcfe 1 ex Istgu g4i^sl941 J
.
Si
12953
W
Peuu
IO5I4
A-O
FA
cfc
2d7s
105-\107i-2
.»IIS(;KLL.4NK<)L!S
Coal nnti Iron
Col F cfc 1 Co gen s 1 g 58..1943 FA
Convertible deb .g 5s
1911 FA
Col C cfc I Dev gu 5a g..l9o9 J-J
Col Fuel Co gen gold Os. 1919 M-N
Gr Riv Coal cfc C Isl g 6»1919 A-O
Col Induslsl conv 58 gu A. 1934 FA
Isl g cfc coll 5s gu Ser B.1934 FA
M
l()9''8Apr'04
See D L cfc
See Erie
See Cent of N J
Registered
113
4s. 1940 J-J
G0UV& OswelstgugSs 1942 J-D
Moh Mai Ist gug 4S..1991 M-S
N J Jun« R gu 1st 48... 1986 F-A
N Y Pu 1st con g-u g 4h 993 AG
Contin'talC Istsi gu5sg.l95'.;
Jeu cfc Clear C cfc I Ist g 5s. 1926
2d gold 5s
1926
Kan cfc H C cfc C 1st s tK5s.l951
Pleas Val Coal Istgs 1 6s.l928
Tenu Coal gen 58
1951
renn Div 1st g 6s
al917
Birm Div Istconsol 6s. .1917
Cah C
Co 1st gu g 6s. 1922
De Bar C cfc 1 Co gu g 6s. 1910
V Iron Coal & (;o Ist g 5s. 1949
1231a 124
'O.J
106 J'ly'05
106^2 Nov'OO
112
11538.
Registered
US
11818
J-J
J-J
J-J
J-J
iil951 \-o
cfc
991210114
103 1»
l.iO
102 1031a
Jau'u:i
U9
97 »8
75
101 'a
See Mo Pac
Panama 1st s fund g4i-2S..1917 A
Sink fund 8ub8i(ty g 6s. .1910 M
Penn Co— Guar 1st g4i2S. 1921 J
:st
1
,
Registered
1937
N Y cfc (ireenw I>ake See Erie
N Y cfc Har See N Y C cfc Hud
(Joast Co 1st
Fac
ac ot Missouri
M&M
Clear! Bit Coal Ists
104
Div'l Istlcfe geng48...1944
1041-2
i-i
120 Dec '05
1161* 11638
116 Nov'06
9234
92^2 92 i-j
1I834
94
107
106
110
1063« 1071-;
107H.
108 10834 107 In Dec 05
10834 Sale 108^4
10834
10'-'
0234
102'i
-23 12 1;.334
V^'6'a Salt
10534 106 -5 106
106
1071^ Sale
10414
See Southern
Beech Cr Ext 1st g 3 ^js
Carlife Ad Istgu g 4s. ..1981
1940
1940
cfc
89 \
07
0634
Q-J
M-S
1003,
1
M-N
See N Y C & H
Monougahela Riv See B <& O
Mont Cent See St P
Morgan's La <fe T See S P Co
Morris & Essex See Del L & VV
Nash Chat<fe StLlst7s.l913 J-J
1928 A-O
Ist consol gold 58
Jasper Branch 1st g 68.. 1923 J-J
<fc Al 1st 68.. 1917 J-J
TcfcP Branch 1st 68
1917 J-J
Nash Elor & Shef See L & N
Natot Mex prior lien 4ias. 1926 J-J
1951 A-O
l8t consol 48
Registered
1997
Deben g 4s
1934
Lake Shore coll g 3^8... 1998
Registered
1998
1998
Mich Cent coll gSHsa
Registered
1998
Beech Creek Ist gug4s. 1936
Registered
1936
2d gu gold 5s
1936
119>4
II6I2
cfc
113'4 II3I4
11334 117-'j
96
100
89
90
F-A
A-O
M-N
Unified
0834
97I4 Aug'05
96^..
101
100»2.
1944 .MN
1920
1
,
1931
1931
Ne-w York New Hav cfc Hart—
Housatonic R con g 5s. .193
N H cfc Derby con cy 5a. 1918
137
137
Ills Oct '05
120 14 Apr '05
11314 Mar'OO
113
113
107
II3I4IU:'
96
*97 ....
Cfl99(t
IstcoU gold 5s
J'ne'Oo
Sep
1-2
1091a
9914 103
cfc
cfc
1
St L Div 1st ret m 4s....2(J01
Dal & Wa 1st gu g 5s...l94o
Kan C & Pac 1st g 4s.. .1990
Mo K & E 1st gu g53...194'i
1942
Ok Ist gu 5s
M K <te Tol T 1st gu g5s.l942
SherSh <fe So 1st gu g 5s. 1943
Tex& Okla 1st gug5s... 1943
1900
Missouri Pacmc 3d 78
M K&
37
107
IJ^'i
R WcfeOconl8text58./tl922
Oswe cfc R 2d gu g 58...el915
R \V (;T R l8t gu g 5s. 1918
Uticacfc Blk Rivgug4s.l922
N V Chic St L Ist g 4s. 1937
N Y Lack W
.\ V L E
\V
N \' Long Br
May'OO
105
10712110
112
cfc
991-2
123
139
106
cfc
97i2Nov'05
lx>w
107'
107'
cfc
J-J
Minn Uu See St P M &.M
Mo Kan & Tex Ist g 4s. ..1990 J-D
2d gold 4s
Ist ext gold 5s
120 "i
128
Utgh,
Jltyii
!0o
loO
99iuJ'ue'o
loio^
l0O3g
102 Ma)''o5
l(il»(,bale
N Y Harlem g 3128...2000
Registered
2000
N Y North 1st g 58. ..1927
737a 82 34
261-2
19
11
2014
10738
106'e
102
12034
cfc
78^1 Sale
24 '•2 25
Sale
I0ri78.sal6
J Lcfe S Ist g 3 1^8
1951
l8t g3i2S
1952
Bat C cfc Stur 1st gug 38. 1989
103
104
10334
Al)r'05
A 8k Low
Sj
100 sjiit99V2IOO
1
58
Registered
48
Registered
1-.
cfc
Al8tg4intgu 1926 J-J
M & O coll 48
Mohawk & Mai
I
NW
M
<fe
0334
104
105
2361
1997
cfc
M
M
1
JD
North
<fe
14
Cent
Ene
See Cli M <fe St V
Minn <fe St L, 1st eold 7s.. 1927
1909
Iowa Ex 1st gold 7s
Pacific Ex Istgold 6s. ..1921
South West Ex 1st g 7s. 1910
1934
Ist consol gold 5s
Ist and refund gold 4s. .194;'
Des
ct Ft U 1st !;^i 4.s...'35
Minn cfe St L gu Hee B C K & N
con g 4 iut gu '38
St P & S S
Mil
lOS^i
A-O
J-J
i? 6s
Man S
Coloniz e 5s. ...1934 J-D
McK'pt <fc B V bee N Y Cent
Metroiiolitan El 6ee Man Ry
Mex Cent consol eold 4s. .1911 J J
l8t conHol income jr 38.al931i I'ly
&
5
L
ReL'istered
Metropol El Ist
Equip
1
107 107
9834 99 14
.
Nee L S <ft M S
anhattau Rvconsol 48.199(1
Registered
107
Year
1U05
Uani/e or
Last sale
Jan J
Bid
H,—(CmvHnued)
Ist gu g 5s. 1916
Ist 48 gu... 2361
Range
Frxce
fVifiay
:;a.
997
Debenture g 4s
i928
Det .Mon eft Tol Ist 78.1906
Ka A cfc G R 1 st gu c 58. 1938
Mahon C'l RR 1st 58. .1934
Pitts McK cfc Y l8t gu 68.1932
2d giiar6H
1934
McKeescfe B V lstg6s 1918
Mich Cent Ist consol 68.1909
1141-2 1151-2
1
H
Registered
102 14
110
98 '4
1 15
Centcfe
Nor cfc Mont
West Shore
Lake shore gold 3 i^s
I
.
See
N Y
1
Maj-'05
70
78', 7438 Oct '05
198(1 M-S
2(1 jrold 3s
D 11408119
114's Sep '05
Atl Knox & Nor Ist irSsUMi'
108 Si
108Hj
Henrter Bdsrelst at jr6«.1931 M-S •108 's
Uj
98
99
99
100
Jjrold
4m.
.1987
Kentucky CcMit
108 Sep '05
-s 106
lstsr4'2Sl94.'>
95
Sale
95^4
96
1<
J.J
Life N'-soutli .M loint 48.1952
N Fla <fe S 1st sru (f 5S...1937 It'-A 116 119 1 1 5 ^> Sep '06
Deo'Oo
n5>a
F-A
Pens cfc Atl Ist pu (r 68. .1921
1 1514 .Miir'05
113SJ.
S<fe N Ala con cu « 58..193t'. FA
107 Dec '05
1910 A-O 106
Sink fund gold 68
9834 Nov'Or.
U7»4
L<fcJell Bd!ieCoffU>r4s..l94r) M-S
L M A & (Ml
MaJiou Coal
Hui>t
!28l8 132
26 1-2 12s
114 114 V
1211-2 12 1^
74% 7438
I13i« 1141^
<fc
Penaacoln Div srold 68...19'2() M-P
1921 M-S
St L Uiv 1st Kolil ba
L&N&M&M
STOCK EXCHANGE
Wkrk KNDtNn Jan 5
N. y.
109
09
[Vol. lxxxli.
3
97S2
'-2
J'ly'o;;
107'2^'al^
104 S, Sale
107
104
105
Nov'0,-|
103
J'ly'04
Sj
93 12 981a
96 Si "^^i
1 09 S2 1091a
'-i
I04I4
108
108=8 il3**
10434
104 14 107%
105 IIOI4
ISIay'97
102 Si (Jet '03
105 Si Oct '05
105 Oct '00
973,
9818
110 14 Dec'05
112 Dec'O'
102 Dec '03
104 S2 Oct '05
923,
92
104
10
S2
107
93 12 02
t
1
109S2ll.i
110 112=8
103
36 86
105
93
ilauuiacturing &. Industrial
1915 Q-F
est 4I2S
Am Hide cfc L 1st s g (is. .1919 .VI- s
Anier Ice Secur deb ,g 6s.. 1925 A-O
.Vni Spirits Mtg Isl g 6s.. 1915 M-S
\m Cot Oil
Am Thread 1st col tr 4s. ..1919
Am Tobacco 40.yrg68 1944
J-J
98
"87"
997,
Sale'
102 103
90 '2
A-O 115
.Sale
97
99 12
87
1-;
9934
102
87
102
93
Dec '05
114'4
801,
115
M-S
80=8 Sale
92 . Sale
1951 FA
4s
No price Friday; latest bid and asked. aDueJan iDueFeb cDuojlar ctDueApr 7iDueJ'ly /cDneAug oDueOci i> Due Nov
1..:
97
3
Si
8034
96S2IOI
9414IOOI4
88
77
94 1021a
87 Sa 93
UOI4II8I4
71
82<4
Due Dec sOptionSale
—
—
2
Jan.
Bond EeCOrd
1900
(I
liOM>S
STOCK KXCHANGK
Wkbk kndinu .Tan
N. Y.
~-,S
r>
KK
Penii.
U N J KK & Can fjeu 48.1944 M-S
Pensacola <fe Atl t;ee L <fe M asli
Peo & East See C C C ife St h
Peo
A
Pek Uu 1st g 68
<ol(14>i2S
'2<i
Pero Marq— Cli<fc
irluit&PiM sOs
l'J21
(^1921
M-N
J-D
W M 5s 1921
AO
1939 M-N
6s. 19:^9 AO
19'2()
Isi consol «ol(15s
JPrice
Week?s
Jiange
Range or
Last Sale
Year
1905
119
,
1001^
10234
1151^.
1st con guar g 5s
119
107
120 Oct '01
112 la Dec '02
119
116>2l21
119
Dec'Oo
98
J'ly'97
114»2
101 12 Sale
116
May'05
101
10338
>97
103'8Deo'0o
100
101 3)
&
Reading Co gen g 48
1997 J-J
1997 JJ
g 4s... 1951 A O
Registered
Jersey Cent colJ
Eeusselaer <& Sar See
& Dan
Kicli
.See
& H
1)
Koch
&
B R
See
Pitts
Pere Mani
1st g 48.. .1947 J-J
Stliaw & Adiron latg 5s.l99G J-J
1996 A-O
2d gold 6s
St L<& Cairo See Mob & Oliio
M
KK A
KK
8t Louis So 6'ee llliuois Cent
1st g 48 bd ctls.19^9
et L S
2d g 4s inc bond ctfs... 3*1989
Consol gold 48
1932
Gray's PtTer Ist gug 58 1947
8t Paul & Dxxl See Nor PaclBc
W
lOS-2
72'2
117>al21
116 116
1007^10419
100 103 Is
98 101 la
Mar'05
Dec '05
Jan '05
109
78
76
89
89
106'
99
96
89
92
93
92 b
106 Is 106 H99 100
9215
135
J-J
J-J
J-J
126 8132
M & Man
2d 6s.. .1909
1933
Kegistered
193
Keduced to gold 4^28. .1933
Kegistered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 48
1937
Kegistered
1937
E Minn 1st div lstg58..190«
Nor Div l8t gold 4s.. ..1948
Minn Union Ist g 68
1922
MontC Ist gug 68
1937
Kegistered
1937
1st guar gold 58
1937
WiU <fe 8 F 1st gold 6s.. 1938
Ist consol gold 6s
P & Nor Pac See Not Pac
StP & S'x City <See C St P M &0
S Fe Pres & Ph Ist g 5s... 194
8 A
A P See So Pa« Co
J-J
J-D
J-D
W
W
VG&N
W
H
W
122 ...
86 la 87 ly
100 ...
1
97 la Sale
85
9612
81 la Salt
80>4
111
...
Jl-S
J-J
A-O
M-N
M-S
J-J
JJ
J-J
13918
Dec '05
140
J-J
J-D
J-D
J-J
97
96181011a
84
871a
?vlHy'()2
791a
841-j
10778 113
36 140
1
113=8
Dec '05
llOis Apr '01
ni
115
112 Oct '05
103 Dt'C'Oo
103 '2 Sep •(
10238 Oct '05
11012
112%
102^^10514
IO3I2IO3I2
t&:
'
No price
W
LM
W
W
WMW
Guar
ref und 4s
W
"ii
F-A
F-A
J-D
A-O
F-A
M-N
M-N
M-N
M-N
102
102
J-J
10934
W
A-O lU
A-O
98
M-N 120
107 '4 Feb '05
1()5> 103iaJ'ly'04
no
99
105 4^10714
110
110»8ll3
noia
111 Dec '05
99
99
127 la Feb '02
1121a
951UIOOI4
Exten
<fc
Imp
gold 58. ..1930
RK 1st consol 48
11838 Sale
118
I2OI2
no
9734
—
J-D
A-O 110
F-A 120
11712118
95
May'Oo
11514
Deo '05
117
100
J'ly'OO
110
J-D
12134
113 1144
16 11412117
II412II4I2
9734
97
115 11618
11118112 Vj.
121 12514
9334 101 la
Dec "05
993^
yya,
112i8J'ly'04
*
J.J
'.'.'.'".
A-O 111
107 14
98
J-J
J-J
I2II2
Salt:
105
100
lllia
11
2
la
NoT'05
13014125=8
9334 102
Dec '05
10612 1121a.
1223^
106 la Nov'04
iis's 11314 U3'4
116 111 May'04
931,,
90
II412II634
10712 112
951a 9913.
107
107
i'8i4Dec'05
92
92
91
89 12
82
97
913eDec'05
83 14
83
99iaNov'05
83 >4 84
A-O
963j, 101
J-D
J-D *111
112-4 Nov'(l5
93
105 "s sale
I0312
O'JisSep '05
105
10534 163
M-N
M-N
152
Sale
1471a
J-D
101
Sale
J-J
J-J
FA
JJ
lOaioDeC'Oo
96
,
,
Sale
104-
FA
FA
103
J-J
100
J.
J-J
J
J
J-J
J.J
AO
MS
't
1071a
II6I4 Sale
I4 Sale
85
74
Sale
,
93
1071a
90
,
,
95
A-O
J-D
J-D
A-O
A-O
J-J
86 la Sale
34 12 Sale
J-J
87 12 Sale
71 Sale
FA
1949 M-S
20-year equip s f 58 ...1922 J-J
Wilkes & East See Erie
Wil & Sioux F See St P
&
WisCeat 50-yT 1st gen 48.1949 J-J
9.;i8
107 14
,
110*4
lllia
,
91i4Sal6
99
110=8 lloia
95I4 9618
n63s 13734.
ii
1001.;
104
4 12334 127
"a
13 1171a 120 la
80 951b 9812
9618
96
10334 Aug'Oo
103ial04!%
1013s l^ov'05
ioi'i^ioi^i
llOiaDec'Oo
1071a ll'^Hj
11434 119 "2
1061s 1121a
91
90
66 12 84 34
102 103
92
92
II6I4
1071,
Sep '05
91
741^
74
102 Dec'Oo
92 Apr '05
108
108
97 Nov'04
87 -a
87 Hi
97 May'05
109'2Mar'03
86 12
87 'J
10934 112
86
3434
95
88'8
9818
86
9534
34
46 '8
94
87 la 101 86
es'b
71 109 65
117
4 118=8 li9'«
9ei« 9914
96'% Dec'Oo
40 Mar'Ol
86
69
117
9534
A-O *114
J-J
9534
9618
34%
1161a
A-O
Nov
12512
117^2
11512
107
107
M-S a02
im
95
92
87
99
104''>4 108 12
1031a 106 '4
116 112^8 150 Hi
'06
U'034
126 la
11738
9618
112 Dec '03
114 la Apr '02
JJ
J-J
152
Dec
140
126I4
11718
J-J
M-N
F-A
9812
Nov'04
122
A-O
A-O
Is
1161a 1161a
114 116
118 1221a
113 Lj 116
1217g 125
I23I4 127
II4I4 118
112 114
961a 98
107 Tj 111
llli«Apr'05
9934 Sale
J-J
J-D
A-O
.
11414....
J-J
J-J
961a 102
118 11834'
97'alOlia
....
....
Oo^a...
11214
PA
108 la 111
23 n7ial21i2
113
113
98 >a Mar'05
F-A
J-J
Mar
109 la
llOia 1121a
Feb '04
M-S
M-N
M-N
J-D
1929 J-D
i-j
108
Dec '05
Aug'05
116 "a May'05
114 '4
11414
119
IIV!
Dec'Oo
11518 lloia 115 Nov'(t5
120 '8 122
1243^ J^ov'05
122
....
122 -a 12212
11338 117
11514 Dec '05
nii8— 114 Sep '05
98 Feb'(t5
108 ...
1073,
10734
11614...
123 Feb '02
110 ...
no Dec '04
1121a...
113 Dec'Oo
113341141, 114
114
II2I2...
114iaJ'ne'ii5
192ti
W
10818 109=8
111
111
92
114
A-O
1921 M-S
1926
General 5s
1936
Guar stamped
1936
O cfc
1st cy gu 4s. .1924
West N C 1st con g 6s.. 1914
S & N Ala See L & N
Spok Falls &. Nor 1st g 6s. 1939
Stat Isl Ky 1st gn g 4\.8..1943
Syra Bing & N Y See D L & \V
"perAot St List g4i2S.. 1939
-L Ist con gold 5s
1894-1944
Gen refund s t g 4S
195;:
St
BgeTer gug 58.1930
Tex <fe
O See So Pac Co
rex&Pa« Ist gold 5s
2000
2d gold Inc 5s
920OO
La Div B L 1st g 6s
1931
Min W<fc N
Istgu 5s '30
T0I& O C 1st g 5s
1935
Western Div 1st g 5s... 1935
General gold os
1935
Kan &
1st gu g 4s
1990
Tol P cfe
1st gold 4s. ...1917
Tol St L &
pr lien g 3 128.1925
50-year gold 4s
1960
Tor Ham & Bull Istg 48./a946
Ulster&Dellstcongos 1928
l8t refund g 4s
1952
Un Pac RR & 1 gr g 4s ... 1947
Kegistered
1947
1st lion convert 48
1911
Kegistered
1911
Ore Ry & Nav con g 48.1946
Ore Short Line lstg6s.. 1922
l8t consol g 58
1946
'"i
109 la Feb -05
90^2 Dec'04
68. ..1916 M-S.
Registered
cS; Nor 1st 7s
1908
Gold 68
1926
Uni N J KK & C Co see Pa KK
117 120
120 Dec'Oo
118 1« 120
Utah Central See Kio Gr Wes
121 12 1211a Utah cSi North See Un PacUic
1211a Oct '06
Utica & Black R Sec N Y Cent
1955
V'andalia consol g 4s
109 Is,
Kegistered
1093gDec'05
1955
0936 1093;,
Vera Cruz & P Istgu 4 las 1934
107 14.
UO Oct '05
Ver Val lud <fc
isee Mo P
108 110
Virginia Mid See South Ky
Va <fc Southw'l 1st gu 58.2003
89 la Sale
89ia
90
8434 92
1939
Wabash 1st gold 5s
102
102 "a 1024
2d gold 5s
102 106
1939
96I4
Debenture series A
951a 96 14 9534
9534 9614
1939
97
u8iaNov'05
Series B
95
1939
986t
10618
109 Feb '05
Ist lien equip s t(lg5s..l921
109 109
10114
1st lien 50 yr g term 4s. 1964
107 I2
Det & Ch Ext 1st g 58. .1941
09 Mar'05
10911109 4;
IIOI4
Des Moln Div 1st g 48. .1939
1124 Oct '06
109 "a 114
111
110 Jan '05
Om Div 1st g 3123
110 no
1941
109 12
llli4May'03
T0I& ChDiv Isl g 48. ..1941
St Chas Bridge 1st g 68.1908
Wab Pitts Term 1st g 4s. 1954
102 la...
2d gold 48
102 Jan '03
1954
Warren See Del Lac & West
95
95
95
96^6
951a 9812 Wash Cent See Nor Pac
9378 Sale
93 la
9214 97 14 Wasli O &
See Southern
94
West Maryland Istg4s...l952
94 -May'Oo
97
91
Gen & conv g 48
11 II2 Aug'Oo
104 111«8
1952
101 'e Sale 101
WestN Y<fc Pa Ist g 6s.. 1937
lOl's 94 lOOSg 104
Gen gold 3-4s
1943
99"4Mar'03
87 14 881a 8734 Dec'Oo
Income 58
(il943
87 la 'M
97
West No Car See South Ky
101 la Oct '05
99 102
10734 108 la 10V<gUec'05
Va Cent & P Ist g 6s. .1911
1073b no's
111
Wheel'gcfe L E 1st g 58... 1926
no Dec '05
110 115
10734
107i8J'ne'l)o
io7i« no
Wheel Div 1st gold 5s. .1928
,
110
114
110
113
91
9114
102 14 Dec '05
102
Aug'05
114
1141a May'Oo
in la Aug'05
112
II6I2
ii4i.in4'.2
1111-2 114=8
V)0 la
95 "a
102 14
M M
93
Sale
92
95
37
90 la
S'714
BONUS—Concluded.
IHisceilnneous
IndiiHtrial
Dent Leather 20-year g 5S.1925
Donsol Tobacco 50-yT g 48.1951
Registered 4s
1951
DistU Sec Cor conv Ist g 5s. '27
Int Paper Co 1st con g 6s. 1918
Consol conv s f g 5s
1935
Int St Pump lo-yr conv. 6s '13
Knicker Ice(Cluc) 1st g58.'28
Lackaw Steel 1st g 58
1923
Nat Starch Mfg Co ist g 68 1920
Nat Starch Co s f deb 58.. 1925
Btan Rope & T Ist g 68... 1946
Income gold 58
1946
C 8 Leath Co sf deb g68.. 1913
XJ 8 Realty & I conv deb g 5s '24
V S Steel CorplO-60 yr5s.d'63
Begi8t«red
April 1963
Va-Car Chem col tr 58 g..l912
C
119
1083^ J'ly'05
Ill
113
MS
Utah
124
135
123
135
1361a Sep '05
13434 Dec'04
1U1SCEL,L,ANE«)U!S
UnnnlacturinK
Virginia Mid ser
Series D 4'5s
Series E 5s
1023b 10434
May'05
124
134
1
J-J
95
8II2
140
137
J-J
J-J
J-J
J-J
J-D
9214
971a
110% 108 14 Dec'Oo
.
10214
87
86 4 Deo '05
10815
M-N 109 38
J-D 103
J-D
A-O 102A-O
101
1241a I26I4
8638 92
87-
J-J
J-J
J-J
J-J
J-J
<fe
N
;-l8ialOOi4
Aug'05
87
104-'«
1291a 132
1121a 116
Dec '05
95
25
10434
101
104
IO2I4 Aug'Oo
s7
853^,
136
M
9o Pac Co— RR 1st ref 4s. 1955
Gold 48 (Cent Pac coll)./fcl949
Registered
fcl949
Ist gug58.... 1941
A.& N
Cent Pac Ist ref gu g 48 1949
Eegistered
1949
Mort guar gold oias.. 4:1929
Throngh St L 1st gu 4s '54
GalHar& 8 A Ist g 68. .1910
Mexife Pac Ist g 5s
1931
Gila
Ist gugSs. 1924
Hous E <fe
T Ist g 58.1933
Ist guar 5s red
1933
& T C Ist g 5s int gu..l937
Consol g 68 int guar. ..1912
Gen gold 4s int guar. .1921
Waco & N div Ist g 68 '30
102
85 ^ Sale
J-J
J-J
J-J
J.J
<fc
F & N P Ist sink t g 58.1919
Sav F & West See Atl Coast L
Scioto Val <fe N E ^ee Nor &
Seaboard Air Line g 4s ...1950
CoU tr relund g 58
1911
All-Birm SO-yrlst g 4s.el933
Car Cent Ist con g 48... 1949
Fla Cen & Pen 1st g 5s. 1918
1st hind gr ext g 6s ...1930
Consol gold 58
1943
Ga & Ala Ky 1st con 5s ol94o
Ga Car & No 1st gug 58 1929
8eab<fe Koa 1st 5s
1926
Sher Shr & So 6'ee
K <fc T
BU Sp Oca & G See Atl Coast L
Sod Bay & So 1st g 58
1924
So Car <fc Ga 6'ee Southern
99
.
A-O
St
S
.
101 Sg Dec '05
104i8Feb'{)5
132
132
114 V Oct 'Oo
981a Sep '05
119
98 Sale
981.
'id
116=8 n9iv, 118 Aug'05
9834 iJalc
9834
99'a
M-S
C0I& Greenvlst 68
191( J-J
E T Va Ga Div g 5s. .1930 J-J
W
96
93
J-J
1956 M-N
1938
GaPac Ry 1st g 68
1922 J-J
Knox & Ohio 1st g 6s. ..1925 J-J
Rich (&,Dan con g 68
1915 J-J
Deb 5s stamped
1927 A-O
Rich & Meek let g 4s. ..1948 M-N
So Car & Ga Ist g 5s
1919 M-N
109
81
89
109
75
106i«Oct'05
100 Doc '05
lOli^Nov'Ol
100
101 ^
101 I2
M-N
1994
Mob & Ohio coll tr g 4s.. 1938
Mem Div 1st g 4ia-5s... 1996
St Louis div 1st g 48
1951
Ala Cen R Ist g 6s
191s
Atl<fe Danvlst g48
1948
2d 4s
1948
Atl & Ya<l 1st g guar 4s. 1949
Registered
Con 1st gold 5s
E Ten reor lien g 58
M-N
M-N
Southw Div I8lg5s..l947 A-O
KefuniUng g4s
1951 J-J
5-year gold notes 4Hj..l90i< J-D
K C Ft S & JM con g 68.. 1928 M-N
K C Ft S & M Ky ref g 4s 1936 A-O
KC&MK<fcBl8tgu5s.l929 A-O
Year
1905
.
Tex&NOSabDivl8tg6s.l912 M-S
Con gold 5s
1943 J-J
Southern— 1st con g 58
1994 J-J
M
K &N
or
Last Sale
118^8.
108^8
1937 iM-N
1905-1937 M-N
So Pac Coast Istgu 4s g.l937 J-J
jSee
P
St L <fe Iron Mount See
See Wabash
8t li
C
Br See T
of St L
8t L
8t L <fe S Krau 2d g 6s CI B 1906
190l.i
2d gold 6s Class G
1981
General gold 68
General gold 5s
1931
cons g 48. .'96
8t Li<fc S i'
StPaul
Nov'97
P
Y Cent
1941 J-J
g.l94« J-J
Kut-Canad 1st gu g 48. . .1949 J-J
Range
Jan 5
SPacotNMexlstg6s..l911 J-J
114
<fc
Og&L Cham 1st gu 4s
Tus & H
Sag
tJo&Gr I8l
Sale
114
Ky
Soatli
EicU <fc Meek See Soutliern
Eio Ur West See Den & Kio Gr
Bio Qr Juno 1st gug53...1939 J-D
EiogrSo l8tgold4s
1940 J-J
Guaranteed
1940 J-J
Eonie Wat & Og See N
Eutland Ist con g 4^28
100
Stamped
Dec '05
114
137
192'.
Pitts June 1st gol(i OS
Pitts <fc L Erie 2d g 5s...al92H
Y
Seeii
Y
(;eu
Pitts McKees
Li E 1st g 08. ..1940 A-O
Pitts Sli
gold
5s
1943 J-J
1st consol
West .See B <& O
Pitts
Pitts Y <fc Ash 1st con 5s.l927 M-N
&
Range
Weetc'i
Friday
.
110
126
&
JPrice
STOCK EXCHANGE
Week Kndino Jan 5
Y.
ig
Piue Creek reg guar t5s...l9a2
Pitts Cm <fc StXj See I'eun Co
Pitts Cleve & Tol See B & ()
<te Ch
See Penn Co
Pitts ft
W
41
••'s
.
cous 7s. 1911
lieaiiiiig
4
Bid
Miah Ao Low High Southern Pac Co (Continued)
Ask Low
Hipli No Low Jiiglt,
Dec '05
10634 10934
Morgan's La cfe T Ist 7s. 1918 A-O ^•12412
1291a Noy'04
122 Deo '04
1920 J-J llS's
1st gold 6s
9334 ....
110 la Sep '04
106 Sep '04
No of Cal Ist gu g 6s
1907 J-J
113 Jan '01
Guaranteed gold 5s
1938 A-O 112
10114
104
103''8Oct '05
Ore & Cal let guar g 5s. 1927 J-J
101 IO41U
87 ^8 Sale
123>sJan'05
87 la
90 165 88
I2318 1231s
SA&
APassl8tgug48.1943 JJ
911a
100»4 Dec'O"'
103i2l03i.i
So P of Ar gu Ist g 6s.. .cl909 J-J 103 105 107 Oct '05
106 IO8I4.
109 Apr '02
cl910 J-J 104
1st guar g 6s
10918 1093s
1093b Jan '05
1211-jOct '05
102
102 j"5 102 102
S P of Cal l8t g 68 C <fe D 1906 A-O 102
1191a 123
llli2Dec'05
112 '8 Oct '05
llliall4ia
11218115 .i
1st g 6s series Ecfe F...1912 A-O 112
114 J'ne'05
la
11412
Dec '04
114 116
1st gold 6s
1912 A-O
108
PhilB&W AVePeunKK
<fe
.
Ash Low
10718 109
100
Pt Huron biv 1st sr
Saar Tus <fe H 1st su a An. 1931 F-A
PliUii
—Concluded—Page
Pridav
Jan 5
did
(Continued)
PhilaBal&AV I8tg4s..l948 M-N
SuDifc Lewis 1st k48...1'J8(; J-J
J
101
Sale
8038 Sale
8239 Sale
no
9834 Sale
10138 Sale
IOII4 134
80 3g
8038
6
85 Dec'04
82 14
83
120
110 '4 33
no
97
100
90
IOOI4
9734 102
12
84
12
74
7712
83
i-^
1071-2 11014
91
'2
98
K,
1013„
10138
9712 Oct 'Oo
2 10234 1051a
86 Sale
661a 75
106 12 106 'i
K5
85
75 Dec '05
15
45
214 Sale
2H
35 104 38 108
93
10 85
59
75
5914
1 i
40
'4
8
40
10712 112 1»
93 103
9934
92
1312
14 92 14 98 "fi
9938 101 Vj
106
107
2
IO8I4
108
9934
tf6<a 9934
96I4
9e*8Sale
101
Dec '05
Dec '05
97
97'*
90 la
100 la Oct '06
iYiday; latest bid and asked this week.
971a
98
'
aDueJan
1.J
Adams Kx
col tr
AmDk<&Imp5s
g4s
1948 M-S
See Cent
Am SS Cool WVag 5s
NJ
B'kl'n Ferry Co 1st cons g 6s '48
Chic Jc& St Yard col g 5s. 1915
DetM & M Idgr incomes.. 1911
Hoboken
1 gold 5s... 1910
Mad Sq Garden 'ist g 58. .1919
Man Bch H & Lgeng 48..1940
Newp No Ship <fe D D Ss dl990
N Y Dock 50-yr Ist g 4s.. 1951
Provident Loan Soc4i2S.1921
St Joseph Stk Yds Ist 4 128.1930
St L Ter Cupples Stat'n * Prop
Co Ist g 4 las 5-20 year.. 1917
S Yuba Wat Co con g 68. .1923
Sp Val Wat Works Ist 08.1906
US Red* Kef Ist stg 68.1931
L&
103»4 10418 103 14
1920 M-N
F-A
11 102
104
106
10034 J'no'02
46
J-J
AO
..
77
M-N
M-N
M-N
451a 58
108 108
711a 96»4
Dec'Oo
64
108
76
J'ly'05
60
Feb '02
Dec'Oo
J-J
FA
MS
9»
J-J
941a 98
98 100
100 la 100 W,
97 '4
9715 97
99 Dec'(»5
10034 100 12 Sep '05
J-D
J-J
112 J'ly'i
llSiaJ'ly'OO
1031a
1
M-S
100
101
100
bDuoFeb «DueMay ifDuej'ne ADueJ'ly pDueNov
«
53
Option Sale
83^
lO'.i,
1
..
CHICAGO STOCK EXCSANTaG-Stock
.s't(J(
AND
h.s—IU(JHI'..s'J
'jTi'sda]i
Jan
HU
Jjec
Jan
1
Weiiiiesdai)
'J'/iursUay
Jan 3
Jan 4
'i
Record-Daily. Weekly and Yearly
SALl: PHIChS
l.')\VKS'l
Frtitav
Jan
1
Hamje
STOCKS
Sales
CHICA(iO STOCK
01 the
Hanqe
Year
lor J're tous
year (ly 04)
[leek
KXCJHANUE
5
lor
1U(I5
UinKegt
lAiwest
'^li.arejt
liiiilrontlH
•19734 2t'3
1
11734
19734203
203
CMc. City
200
200
'1?7H2203
27
7 Hj
1\
28*8 2H3^
51
51
13
'is
'12H,
84^5
•88
»'J7
u4'v
.")4^i
56
i"0
i'S
HM7g
8H'.
'irac
•0!)
•80
'2:'Vi
;oo
ua
•52
''i
811
1-2
ys
-52
55
iJlllcaj;o
2
1
11'-
(Jluc
"v
50
Hi
11
'4
-88
HO
27
70
20
05
96
-29
561.2
58
H9
89'',
c;iiic
Do
100
100
100
100
100
3iiH
..100
0',33V
J, 153
l-'aiK
i)r(!l
.Sul.way
Union
lra"el
Do ine!
KaiiH (;ity Uy
1)0
iV;
l^i
194
575
-.
100
iiref
.Metiopot
W
•53
Oct 25
Mai 190
AUK
s
27
Jsov
-Nov
13
51
00
1
9
277
SjJan 10
Feb 3
'b
27>2M«y
284
J
73i4Sep2»
Feb 2
Dec2(!
Oct
30
30 IO3I4
72
J'uel2
11:
Doc
Nov
•
.V'-v|
Sep
Oct
.Mai
5
Mat
41
05
15
44
99
Mas 23 20
Mar27 08
'6M»>17 100
I"
80 '4
>•
Nov
Nov
Feb.
4
Keb
Se])
28
J'ly 14
Dec
1
93i4Sep
'- Oct 2 J
4
Jan 18
10
.Si'|.
734 .ran
50
172
100
Se))
>-73, Ai.i;
.Tan
H..Jan
50
1:
Dec 30
28
Oct IX
'«.;'iK-2-
27.'
•-
Last
205
f
J'ly
J'ly
J'ly
> Kiev.. 100
Do i)ief
70 Si •70
100
Dec '05 -Vorlh Chic .street
100
20
20 Nortliwe.sterii Kiev.. 100
O'b
03
ti.i
08
Do prel
loo
9'i
90'. .Soutli .Side Elev
100
97
3;i
29'-2
29 Si Streets WStable C L 100
Do prel
100
Sale .'/634 Dec '05
100
5i^^ West Clue Street
50
64>a
27
71
26^6
'
Last
ii7
97
29 14 'iS'^
-98 100
52 55
Dec'115
5034
5.">34
28 S;
71
85
25 k
•0!'
29 14
100
7'V
2S
50 '2
hast Sale 4'
5534
8934
"80
IW H
2a 14
*98
55
& Oak
7^
51^4
25'
'o3
'W()
i'li
Hj
•J7
•U3
*g:
50
13
45
2nli
'^7
28
Jan
180
t'asB Ity
•20Kj
7%
7
7H(
26'i2
•M
71
85
'•
80
7>2
100
100
iiy
>;jlio <:i>u.-(ol
i,'liic
-ep
JMai
Nov
Jan
2034
Apr
i;7S2Nov
Aug:',!
si-p I,'-
'.'0
.Mai
98S2-N'ov
'2.x
Jan
34
Mai 21
f>2S2-^pr 103
Feb
38
.A
let
<
J'ue
50l2Sl.p
Api
3Uscellnneou8
100
100
100
100
Amer Radiator
100
Do pref
100
Amer Shipbld;?
100
Do pret
loo
AmerT& S Bank 100
Booth (A) & Co
100
Do prel
100
Cal & Chic Canal tt DIOI
(Jentral Trust Bank. .100
Cliicauo Auditorium..
Uhio Brew'g&Malt'g.
Do pref
Clue Kdison
100
Chic Pneumatic Tool. 100
Cliic Telephone
100
Chic Title <fe Trust. .. 100
Diamond Jlatcii
100
Illinoi.s Brick t
100
Kans City .stock Yds. 100
Allis-Chalmers
Do
10
70
IOI4
*]08
l3j
*
70
100
....
134
135
10
09
9'
'v
"
09
105
135
57
"35" "40'
*105
•60
•
05
'1
1\
102
lO'J
*114
115
llOS,
*14;^i2i44
05
65
143^4 144
-O4I2 05
*iei
•m" i35
'ei's'oy'
•114
80
80
•110 120
102"
50
135
145
82
82
120
68
6834
07
Il;i34ll4
80
116
'lOi
lys
10.) "v
.Muv'114
4U
Xov'O
Dee '05
I of)
Ii4
To
Dec'O.'
JIar'o:
eeO'O,'
I
Nov'OO
158
Dec '05
'102
55
*135
102
55
140
iiret
American Can
Do pref
1,00(1
500
884
00
76
125
38
Bee
1
3 All 25
14
S.
73
Si
J 2S2 nee
Apr 25
3S2-lan
Apr 2 J 31^4 Jau 01 Dec
Dec21 40 .Mai 79Sjl>eO
Dec 15 115 14 Jau 123S2.Sey
Sep 18 19 J 'IK 40 Dec
'4
Jau 24 110
Feb 21 134
17
Jan in 5934
35 9818 Jan 17 105SiMar27
Jan
Oct 24 40
Warl7 112
J'lv27 70
14812 Feb 23 150
10 Jan 5 10
35
105
50
34
5(1
72
lu
130
54*
184
153
32
125
95
134
55
J 'lie 2
J'ue28
Jan 25
Jan
May
Apr
12 Feb
7
4
6
1
J'ne27
4
11
03
^ S2
Dec '05 .Masonic Temple
Oct 'o;> IVI1I& Chic Brew'?
44SjMar27 48SjAugU
2i4 0ct 18
2 Jan 30
.-^'-2
Oct
75
!?
y
/8
'-2
42
Feb
Feb 15 75
Nov20
Oct IS
J'ue'04
Do
'05
19
Do
114
78
pret
National Carbon
.534
Do prel
May'05 Page Woven Wire Fence
Do pref
Last Sale
101^4
J'ne'05 People's
Dec '05
6,12
100
loo
100
100
Last Sale
Last Sale
lOSzDec
Jan
50
17
12
52
20
J'ne
7S2N0V
pref
08^4 National Biscuit
Aug 9414 Oct
Mar 198 .May
Nov .10 Nov
82
183
33
AiigI9 10034 .Mai 110 Feb
.-)2
Feb 02 Aii«
Oct 2t
AlailH 1-20 J'ly 12334 Jan
Jan 5 10 Oel lO', Nov
1 Jrtil8
1
Jau
1 '4 Nov
8
l-eb
Feb
7
Jan 20
7
172 Feb 20 140 May 173 S2 Nov
58i4Decl
IS J'ly ;iO Nov
143 S2 Feb 17 115 JIar 147 12 Nov
118 Dec .- 80 Hei 10 > Oct
145 Aup2>^ 120^2 Feb 142 S2 Nov
67 NovU'
Nov'05 Knickerbocker Ice. ..100
Oct 'O;")
Do pret
100
London & Chic Contr.
Dee '04 Manufacturers' Fuel..
31^4,
08
114
78
11?
6934
II312 114'2
80
80
80
120
llo'
140
64
145>4
04
145
05
•04
'05
'05
57
57
>•,
Last Sale
Last Sale
Last Sale
Last Sale
Last Sale
Last Sate
Last Sale
00^4 08 "2
11414 I14'«
Dec
Dec
*115
«0
153
•104
5«
100
132
135
110
14334 145
65
05
135
110
"oo" "05
*75
O'.U-
'4
no
Last Sale Vi4
-55
50
135
'
•7
162
102
50
09
'4
Last Sale
Last Sale
38
110
Last Sale
Last Saie
05
Last sa II
J.ast Sale
Last
Sale
\U
Ih Last Sale
161 102
162
*10
•i'd" II"!
-1
1',
*7
7'v
10
10
Last Sat.
-57
573,
loo's '105
•35
105
-00
38
108
35
*105
lOS
6;)'4
110
138
100
U)
09
934
5234
230 11034
35'<i
41
110
5
Sep 20
23
Oct
Anglo
Aug 17
073,
I'JOSi
Jau 25
80
Dec 21'
Mario
Dee j3
99»8Mayl8
Gas L<fe C'kelOO
Pullman Co
100
Nat St'k VdslOO
Swift.&Co
100
The Quaker Oats Co. 100
14
Jan 5 120 .rnelil
534 May 19
Apr 20
Apr
11034
8
It
Aug
Apr
Nov
42
134
20
30
Oct
Feb
Jan
Dec
Jan
51
I4
.Jau
25 si.p
58 i2Dec
I'OSzJan 110 SjNov
25I4 .\lai 40 '2 Dec
95 Jan 120 ISep
Jan
98^8 Feb IIOI4
N"v
St Louis
io3'
102-'8 103^2
153
143
104
IO4I2
145
>i,
104
103 '2
152
104
103
145
104
104
103
152
104
153
103
145
103
15^8
lu^a
2l8
15
oS
38
38
'21.
16
38
15
•37
152
Si
Dec '04
lO^d
214
214
2^8
1458
151-^
14'8
381^
2-4
16
38 h
104 12
Wj
Do
Last Sate
"2
'4
38 Si 38»8
214
Un Stock Yds(So Om)100
Union Bas & P Co ...100
100
Do pref
Unit'd Box Bd & P ColOO
Do pref
100
10,280
8
AiiglO
100
620
23
Feb 15
15 "2
38>2 Western Stone
t
CMcafi^o
1J(»NU.S
Wf.kk Ending Jan
Price
lYidai/
Jan a
5
Illinois
Tunnel 5s
19-28
J-D
J-J
J-D
J-J
A-0
F-A
A-O
100
102
Week's
Range
Jianeje or
for year
1905.
E
F
L&C 1st 6s. 1943
.M-N
il-N
A-O
1947 M-S
llefunding g- 5s
Chic Gas Lt <fe C 1st 5s. .1937
Cou.suiners' Gas 1st 5s.. 1930
South Side Elev 4 SiS
19'J
Swift & Co 1st g 58
1914
Union El (Loop) 5s
1945
Union I'acilic couv 4s
1911
1910
V S Brewing 5s
U S Steel Corp 2d 5s
cl903
West Chic St Ist 5s
1928
Tunnel 1st 5s
1909
Debent Os
1914
Consol g 5s
1930
1
West Div City Ry
4 S2S..193J
5-20 5s. 1 909
J-J
J-D
J-J
J-J
A-O
:V1-N
M-S
M-N
M-N
F-A
J-D
50
66 Si
Io3'el04i2
lO.-l^B
99
903,
Hi
10434
100
10034 Nov'04
new
80
Si
Sale
80S:
105
Si
106
94
105
Si
1051-2
"9 7 ''^"98'
9334 Dec '05
9934 Nov'05
9734 Dec'i)5
^99
911
t
99
10
94
S8
t
May'(lf)
Sale
9«Si
8834
89
99Si 10038
94
88',
Dec '05
Nov'05
95
NAME
Bankers National
Calumet National
Chicago City
Chicago National
Chicago Savings
Commercial National..
Continental National..
'ook Co State Saving.-*
Corn Exchange Nat...
Drexel State
Drovers Dep National
First National
Hamilton National
1051210814 Hibernian B'k'g Ass'n
91
98 Si Home Savings
99 '4 100-8 Manufacturers Bank..
97
98 Si Milwaukee Ave State.
971^4 100
Nat Bank of Republic.
National Live Stock...
16
16
73 94
96S2 North Side State Sav..
86
90 Si Oakland National
90 lOO-ife Peoples Trust & Sav ..
99^4 Prairie National
88
Prairie State
89 Aug'05
94^8
94
90 1^
90 ig
100 S> Sep '05
9iis
90 !«
100 Si
99 S,
9934
9934
99^2
t99'8
100
9y Si Nov'05
100 Sep '05
100 Aug'05
124 Si I23I4 J'no'05
t
lOOSi 100 ^2 Oct '05
10734 Sale 10734
107 V
107 S; 100 lo Nov'05
I0311 103 Si 103
103
102 '2 103
103 Si Dec '05
104 Si 105 Si 105 Dec '05
114 Nov'04
81 J'ly'04
i.i
'•i
IOOI4IOI
88
Nov'04
IOOI4
lol
08 Si Sep '05
75
75
i75
M-N
85
8434
8434
J-J
96S2
95
95
Si
Si
70
9534
Pullman Loan <fe Sav..
South Chicago Savings
96
Si
State
LOO Si 100
S;
89
93 14
88
95
99 '8
99
99 Si 9934
99 Si 100
100
10934
123I4 12334
105Sil07-%
10738 108-'m
106 Si 107 Si
102
>4
104 7r
1021.?
103\
105
107
Bank of Chicago.
Stock Yards Savings ..
Union Bank
Union Stock Yds Stale
Amer Trust & Savgs..
Central Trtist Co of III
Citizens' Tr & Sav Bk.
(Colonial Trust & Sav..
Drovers Trust & Sav.
Kquitable Trust Co
Federal Trust & Sav..
&
Savings
Kirst Trust
Sav..
lUiuois Trust
/i.
99 '8 Apr
UOSiNov
5
3534 J'ue
4 7Sj Mil
4
75
J'ne
fc'7
7i4
0ct
lO'islJec
34
7
J'ly
J'ly
-O34
14
Sep
2o S2D1-0
2S2Apr
3
Dec 30
Aug21
10
41
7c5O,OO0
200,000
250,000
250,000
300,000
200,000
1,000,000
250,000
200,000
200,000
3,000 ,000
2,000 ,000
200 ,000
000 ,000
200 ,000
500 ,000
2,000 ,000
1,000 ,000
4,000 ,000
Merchants' L'n&Tr Co
3,000 ,000
M etropolitan Tr & Sav
Northern Trust Co Bk
Hoy al Trust Co
Union Trust Co
Western Trust & Sav.
Jn
lUim
Jn
iyo4
:-.
&,
West'rn stone Co
A-O i:90Si
90 Si
90 Si
Woodlawu Tr&Sav Bk
Nolc.—.Accrued interest mils t be added to all Cliic ago bo nd price s.
Ais'.) paid 12"o ill Dec, 1903, iu stock of First Trust & Sav iugs Bank.
1| Includes special dividend
* Bid aud asked prices; no sales were made on this day.
t No price Friday; latest price this week,
oDueDec. 31. & Due June, c Due April,
Due July. fc Capital and surplus to be increased.
II
2,000,000 t;l,0ii5,408
100,000
1,378
200,000
183,110
1 ,000.000
1,419,0S1
A 500,000
A; 09,807
2.000,000 1.745,080
3.000,000 1,101,4113
50,000
3,422
3.000,000 3,02ti.O25
200,000
10,409
289,«74
000,000
8,000,000 6,036,23(_)
121,440
100,000
624,015
500,000
230,525
1,000,000
154,2.-2
500,000
1,000,000 1,078.34,187,913
100,000
13,251
200.000
274,993
250,000
998,598
2,000,000
1,000,000 1,320,920
5,725
50,000
250 ,000
200 ,000
ackson Trust
Kenwood Tr &
90 Si 101 ^8
00
90 '4
80
75
90%
88
98
98
98
&
OutstanASurphis diny
J'ronts
Stock
Sav.
Savings
I
Jau
Dec
Nov
Nov
3<8N<,v
Jan
Banks and Trust Oomnanies
Nat Englewood..
Foreman Bros B'k'g Co
Fort Dearborn Nat
81
68
81
Nov'04
Apr'04
79
80
138 J'ly 25
6,23."i
S2
stock.
First
.M-S
F-A
C
9034
Si
100 !«
Kans
4'40s Series
4'OOs .Series
4-80s Series
People's Gas
99
.
M-N
City Ry & Dt Co 5s. 1913 Wl-N
Knickerb'cker Ice 1st 5s. 1928 A-O
Lake street El 1st 5s
1928 J-J
Income 5s
1925 Feb
Metr \V Side El 1st 4s
1938 K-A
Extension a 4s
U'.SS J-J
North Cliic St 1st 5s
1900 J-J
lst5H
1909 J-J
Kefuudmsf k 4 S;s
1931 A-O
No Chic City StRy 4 Si8.1927 .M-N
MorthVVest'n El 1st 4s. ..191 M-S
Ogden Gas 5s
1945 .Vl-M
1910 J-D
Pearsous-Talt 5s
4-40S B B B
192U .U-S
lol 1^4
102^8 103 >4
102 I4 104
100 S2 J'ly '05
102 Sg Dec '05
li
102 14 Dec '05
.103
103 Apr '04
'59 ^ 5J Dec '05
t....
104 Si J'ne'05
IO3I2IO4 103 Si 103S2
J-J
J-J
J-J
M-S
J-D
Low High
Jligk
.
t9634
is
Chic£i£^o
iMSt Sale
Ask Low
1910 F-A
Amer Biscuit Os
Amer Strawboard ist0s..l9ll J-J
Cass Ave & F G (St L) 5s. 1912 J-J
Cine Hoard of Trade 4s ...1927
CliicConsol Br & MltOs
ClucCon.soiTiac4Sjs
1939
Chic Edison ilebent Os
1913
l-stgold 5s
;il920
Chic Auditorium 1st 58. ..1929
Chic Dock Co l8t48
1929
Chic EquilGas Os
1905
Cliic& -Mil Elec Ky 5.s
1919
Cliic Pneuiii Tool 1st 5s .al921
Chic Kock I & i'ac RH 4s. 2002
CoUal Trust u os
1913
Commonwealth Elect 5s.i;194:j
This
Bond Record
CHICAGO STOCK KXCH'GE
91b 101 DeclS 114
75 40 Jan 25 Ui5
100 seiaJan 4 109
100
pref
750 ,000
1,500 ,000
500 ,000
1,000 ,000
1,000 ,000
200, 000
of
30%
fc50,4 71
13
15
12-i-3
'12
"12'
8-1-5
8
12
6
8
Per-
^J
lau
•,;0.
2
.fan
an
"Ol>,
8
J-J lau
Q-J uet
'00,
5
'()5,
3
Jan
Jau
0.'.
a
2
8
Q
H
6
12
Q
Jau
6
Q
Jan
Ian
'00,
j"-J .fan
i>6,
i^-J
'
s"
10
10
6
12+3
"0
6
lau
Dec
1)5, 5
.Nov '05, 1
J-J lau
'06,
3
q-3 Jan
Q-J Jan
Jau
Jau
'00,
I'a
o
lia
24,171
New Bank
01,185
88,078 "s
.^J Jan
1138
171.135
8
Q-J Jan
8
(^.j Ian
37,066
q-J .Jan
665,400 "ii
lll,^82
23,051 Began .May 1 19(1
20,592
Q-J Jan
7
2,084,288
93 7,29.
4
1
New
ISi
4
J-J riy
Q-F
6
15
ISi
J.in
8
12
10
6-f4 Q
Priv ate Ba Ilk
6
lau
'06.
'0",
'OO,
UI6,
•00,
3
ISj
2
05, 3
•06,I2Sj
1112
"s
Jjasc f^aia
loa
'06,
'00,
'Oa,
3
00, 2
'00, 2
'00, 1
'06, 2
'i'6.
Q-J Dec
Q-J Jau
•05. 2
'06.
Q-J Jan
'06, 213
'00. ISj
'05. 5
Ih
b ank.
5
527,434
51,405
6
52 (,087
8
8
Merged wi hAiu Trust
918,813
12+"l
0,498,253 '16
82,978
18,224 Began Jan 3,
12
3,607,171
12
6
255,290
8
8
1,715,182
402,011
6
6
635,880
6
200.700
6
20.015 Began Mnvl,
declared Aug. 10, 1904.
Q-J Jan
M-S iep
>&
Sav.
Bank
q-'j
Jan
'00,
3
'00,
'05.
'06,
'05,
3
3
2
3
'06,
ISi
140
Q-J Jan
Q-J Dec
>.^-J Jan
F-A Aug
Q-J'
190
Jan
——
.
Jan.
—
— —
1
Gas
Business at Stock Exchanges
ot
AT THE
Seciiriti«!>i
Indianapolis Gag
1st u' 58 1952
lll>;.clede
Gas
(55
aoo
Par
Shares
Weduesaiiy
Tliuisday
Friday
SaUs
Bonds
Bonds
8-1)
111
.*!, 226,500
1,1/8,090
1.363,800
1,366,271
137,.!3.i.8i)0
2,492.900
2,387,100
3.000
1,083,000
1,832, .00
1,363.04.''
12. i.
282,000
1,060,000
HOLI DAY
117,413,500
nil, 786,000
743.000
587.570. 250
at.
Jaiinarif
.'
.$2o",000
a)
5, 000
IndC Natdi
111
cfe
J-1)
1926
Pas Gas& EleclOii
5s 1949.... M-8
1;
.8t J oseph Gas 5s 1937.J-J
Con g
1005
1906
i'clegr
1905
3.813,1X5
5,671,8 72
$408,283,200
$31,600
6,655,086
Par vame
3,319,224
$313,266,550
BONDS
otover umeu t bondw
State oouds
HR. and mis. bond.-i
Total bondH
.((25,000
.1:13,500
3.500.500
3,440,.)O0
10,184. .500
19,277,000
9,258,000
$3,500
3.117,000
16,263.500
T22,73'.t.500
>;12,037.000
i>iy.384,000
.t.14.010.000
i!25,000
2,75 4,000
DAILY TKANSAUTIONS AT THE BOSTON AXD
i.X(JHA.N
(.
I'H
I
LAD ELPH lA
ES
i
»Sc
Bond
Untisted
shares
Listea
siLaref
sates
4!),819
DAY
....HOLI
Monday
Wednesday
Thursday
Friday
.
34.000
48.000
3»,000
28,500
5i,560
106/105
78.199
94,785
60,292
416.794
Total
loo
lOu
47
120
53
Huo.sou HiverTelephlOO
:N YcfeN J Telepli...iOO
^Northwestern Teleg. 5l
Faciflc & Atlantic
25
1i.Southern <fe Atlantic 25
90
156
9J
160
128
85
105
"iUo:.i 6i
stock
Klectric
125
80
101
47,8211
39,.!iji9
41.435
56,839
53,176
36,580
46,020
Chicago Edison Co See C lucago
*164,500
206,627
2 6,.'06
78,000
130,000
102,600
174.400
10.854
91,378
233,634
Weekly Review
oi Outside
JlOO
J-D
106
60
50
85
100
JM
list
210
19a
1102
90
40
75
35
i
74',
i508,200
Brooklyn Ferry stocklOO
B<fc
NY 1st 6s
88
N Y <fc Hob con 5s '46.J-1) 4 108
Hob Fy 1st 5s 1946 AI-N 4109
Y<feNJlst5sl946.J-J
N Y cfc So Blykn Ferry&Sl
Transp Ist 5s 1906M-N
10th cfc 23d Sts Eerry 100
-V
1st luort 53 1919. .. J -D
10;»i-2
ao4
98
40
90
28
95
101
60
94
32
98
4
M-N
11l8t58l920
'v
111
108
Union Ferry stock .100
Market witt be found on a preceding page.
106
72
92
M-N
Ist 5s 1922
11
51-,
1911.J-J 4104
67
stk. 100
Y & E H Ferry
-V
4
Rail>vays
NEW YOEK
Street liailways
Bid Ask
Lake St (Chic) El
See C hicago list
CITY
Bleeck St& Fui ¥ stk. 100
1]l8tmorl4s 1950 ..J-J
TlB'y
<fc
7tli
Avestk
29
92
239
x)rel:.
«112'.,
noo
no8
lOi
109
..100
97
95^8
twli issued)
4'3% bonds (wU. issued)
Dry D E is cte hill
1st gold 5s 1932... J -D
l|scrii)
H EiglitU
5s 1914
108
101
F-A
Avenue sik.loo dvj
E-A
1i Scrip 6s 1914
1]42d<feGrStF'y 3lk..l0u
105
o.b5
42dStM & StN AV..100
lllstmort 68 1910 .x\l-b
li2d income 6s 1915 J-.J
Interborough Hap Tr. loo
Lex Av cfc Pav E 5s see .si
Bletropol Securities See
Metropol street Ky see
Ninth Avenue stock. 100
Second Avenue siockloo
IJlstmort 58 1909 M-.N
E'-A
Cousol 5s 194»
USixtli Avenue stock 100
1945.
.J -J
Boulov
5s
Sou
So Eer 1st 5.M 1919. ...\-u
.-^locl'
Third Avenue sec
P & Ss 192»
Tarry
VkersStliii 5s 1946A-0
28th <fc 29th Sts Isl 5s '96
UTwenty-Th'd Si slk loo
Union Ky 1st 08 1942 E-A
Westchest Ist 5s '43 J -J
W
M
New Orl Kys&
39^^ 40
84
86
91it2
Wbh New4'2S
i 90
North Chic Street See C hicago list
list
Pub Serv Corp of N J 100 115 120
110
,460
Tr ctfs 2% to &>o perpet
69
70
120
Coil trust 5s gold notes
optional
J09
1909
M-N ii)b^
29
North Jersey St Ky 100
180
;ist
1st 4s 1948
M-N ill
7 7 1.2
'-<2
Cons Trac of N J ... 1 00
83
1081-2
59
ist 58 1933
J.D^aoTHj
97'-/
New'k PasKy58'30J-J ilia II4I12
95 'e
Rapid Tran St Hy.. 100 240 250
Ist 5s 1921
A-O }108
26
113
J C Hobifc PatersonlOO
75-'.
102
4s g 1949
M-N i 75
So J Gas El <fc Trac 100 122 125
400
Gu g 5s 1953
M-S 4100 102
405
NoHud CoRy6s'14J-J 2112 113
112
5s 1928
J-J iill
75
108
Kxt 5s 1924
M-N ilOi 106
Pat City con 6s '31.J-D 4122
84
^iz
2d 6s
1914optA-0 nOO
il.-Sl
So Side El (Cltic)
See C hicago list
110
list Syracuse Rap Tr Ss 1946 4108
5s 1943J-D «103
105
K U.st Trent P &
United Hys ot StL—
95
Com votlr ctfs
100
41'(,
42
J 10
85 l, 87
102
liPrelerred
100
l-ien 48 1934
See Stk Elxch list
lUK;
tl2dmort 6s 1914 ...J-J loli-j
Con 58 1943 See Stock Excli
B'way Surf l.il 5s gu 1924 J 108
^Cent'l OroHsi'u 8lk..l00 340
lllstM 68 1922 ....M-.N }U6
llCenPkNcfc E H sik.100 205
170
flciir't'r<fe lOili fei blk 100
Col& 9tli Ave 5» s,-f SXocU Excli
Consolidated Traction
581^4
New com. (wh. is.sued)
Hew
34
lILoui.sv St5sl930..JcfeJ «112'-i 1131-2
Lynn& Bos Ist 5s '24.J-1) «109
i>o
10..
65
231
i.
Exc
Stk h.
stk i:
185
205
noo
95
244
100
1-2
.<:
H
I
V,i)'-2
Excli usl
il05
J 106
«110
395
LiL'ht.lOO
Preferred
108
1O8
112
UnitHysSanE'ran
cfe El Co
6'eeStk
Exch
100
100
41'-;
421-2
88^4
89
SIH
S8I-2
52
84
55
87
4106
109
Wash Hy
Preferred
4s 1951
J-D
Chicago St
100
llCon g 5s 1936....M-N
D West
112
loo's Cent
Exc
Exch
k
255
Ave 58 1909. .A-0 noi 103 w, New Amsterdam (ias
A-u 111^2 113'.^
Ist cousol 68 1948. .J-J 4108
Con 68g 1931
B B & W E 03 1933. .A-u 100 102 N y & East River Gas—
Bkln(JCocfc sub
See Stk
Bklyn Kap Trau see Stk
11 Coney Is. <te Bklyn ..loo
Isl cons g 4s 1948. .J -J
Brk C <to N 5s 1939. J-J
Qr SUfcA ew 1st 5s '06 E'-A
Gr'pt itLorimer St l.st 68
Kings
237
241
list
108
list
list
280
.500
95
100
113
100
110
991.2
102
Co. ElevaUMl
Ist 4s 1949 See Stock Exch list
Nassau Elec prel
loo
75
-A-O 110
58 1944
113
1st 48 1951
see St k Ex( h lisl
N
Wb'g<kE'latl8lex4'28 101
Stelnway Ist 6s 1922.J-J ills
104
120
Ol'HEK CITIES
Bultalo Street Hy—
Istconso! 5s 1931.. F-A iUlh 113
Deb 68 1917
A.O no6
Chicago City Hy
See C hicagc list"
Columbus (O) St Ry..lOO lOO"-. 102
Prelerred
100 UOi.^ 112
Colutu Ky con 5s See PI da list
Crosst'wn l8t5s'33.J-D
Grr.ud UapidB Ky
100
Preferred
100
iBuyorpaysaccr'il
int.
i
100
59
1st 5s 1944
J-J
ConsolSs 1945
J-J
N Y&Richmond Gas. 100
101
104
Exch
Exch
lO.S
60
80
fpricepersh.
Nor Un Ist 5s 1927. M-N
H Standard Gas com ..100
100
'ilPreferred
Ist 5s 1930
M-N
4110
4108
42
4104
130
155
108
OTHICH CITIES
Light ifc Tract. 100
Prelerred
100
Bay State Gas
50
Binghamton Gas 58 1938
111
17<)
HI
116
119
104
106
^u
498 100
I
Wayne
52
59
60
61
F-A MOl
103
109
Os 1925. .J -J
Co. .100
B(';-ge,ll
Grand Hapids Gas
Hist 58 1915
Hudson Co Gas
liKiiaiiaNatifc
lat 6a 191H
f.Salo price.
100
TJAmer Bank Note Co. 5o
II
American Can com. ..loo
Prelerred
loo
American Chicle Co.. 100
Preferred
loo
Am Graphophone com lu
Preferred
10
Am ce Securities See
Am Malting 68 19 4. J -0
Amer Press Assoc'n.loo
Am Soda i'oun com. .100
J
1st preferred
2d preferred
Amer
107
103
N Y Mtge & Security
100
10/
lUGasM-N
120
1(.5
155
58 14
73 14
15
BI4
26
31-,
13
1,
1^4
"^Ifl
9\
f
10
9
261^4
^le
t
'-2
Phoenix Securities
100
105
4
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal .S'ee Stock
50
60
Pope Manufacturing.lOO
5
10
Prelerred
1st prelerred
86
4'j
2
90
103
50 aa;150 100
140
50 130
Bond& Mtg Guar
100 400 410
Borden's CondMilk..lOO 175
180
Preferred
116
100 114
10'
British uol Coj)per
10
Hussell <fc Erwiu
Salety Car Heatcfc Lt 100
•
47 H-
Exch
25
48
list
6
f
1
Vl'exasifc Pacitic Coal lou
1st 6s 1908
A-O
3»4
72
18
100
105
160
170
lUS. 114
Ol
63
290
510
45
48
620
;i.8
45
\-z^
130
15
Siuger Allg Co
loo
Standard Coupler comlOO
Preferred
100
Standard Milling Co. 100
Preferred
100
N
110
26%
Seneca Mining
Coot
4
60
^
100
Pratt <fc VVhitn pref.. 100
Realty Assoc (Bklyn) 100
Koyal HakPowd pref. 100
Title Ins
713
1^4
..100
Tennessee Copper
Company com
Prelerred
3413
79
7
31^
N
20
311-.
210
66
78
21-2
5s
Standarct Oil ol
J. .100
.Storage Power
50
.Swift dc Co See Boston St
1st 5s 1910-1914
J-J
126
106
137
45
45
58
lu7
2d preferred..
190
100
132
j7
44
110
100
100
loo
105
107
lu2i-2
Nor Am Luui'r <fc PulplOO
llOntario Silver
Otis Elevator com
Ha
102
204
100
100
liPrelerred
luo
N Y Tiansportatiou...2u
Niles-Bem't-Pond pt.lOO
103'-.
loo
I1 Pref erred
Bethl'm Steel Corp. ..100
Preferred
100
34 14
80
40
71
12
52
110
t2
190
73
10
V5
12
.
9I4
II
105
150
13
I418
1»0
*o
112
102
130
58
5
10
X list
1
39
76
Construe. pflOO
.Securities
T>4
'•2
391-2
100
8'^
\
31
33^4
Madison Sq Garden.. 100
2d 6s 1919
M-N
llManhatt Beach Co. 100
Manhattan Transit
20
Stk E
4
8
11
35
81
38
b3
698
6 115
^4
1
c
Exc
a 02
501-2
1
S2
11'
70
80
aoo
Y..IOO
ge
105
51
110
16
98
17
I91-,
21
Preferred new
100 100
':
Trow Directory uew.. 100 4')
s
3
1''4
Casein Cool
Union Copper
com.. lOo
10
95
Preferred
Union Typewr com. .100
75
lOi
Casualty Co o£ America.
125
1st prelerred
130
100 118
Celluloid Co
2d iirelerred
100 116
100 140
Cent Fireworks com. 100
15
United Chopper
20
100
635s
87
Preferred
Prcforie<l
67
72
100
100
6
Central E'ouiidry
s.
Casualty
lOu 200
6
100
U
'4
Preferred
100
26
26
U S Envelope com. ..loo
86
Deb 68 1919 op 'OlM-N
80
82
100
liPrelerred
Ceiitial Leathei
See SI k E X lisl U S U\ib 2d pf .VeStock E.\rh
105
Camden Land
Tonapah Min (Nevada).
Treiilon Pot eries com 100
i.\b
\
t
1
I'a
1
1-..
cenlury Keally...... loo IfcO
(.;iK'sfl)i-()Ui]ii ^^^.•^ Co lOd
440
Chic I'neuiuTool, See Ch icago
(;ily Investing Co
125
liClatlin (11 15) com
lllst prelerred
il2d preteriod
55
I
Am
100
100
100
109
192
ISO
list
Colo Indu.stnal. See Stoo k Ex
Col <fc Hock Coal<fc 1 pf 100
65
Ist g 58 1917
J-J i 78
Compressed Air Co. ..100
U
S.St eel Coipoi^ition
Colti s 5s '51 oiit '11
I
Col list 5s
'5
1
not opt.
128
V STit H\\& Indoni.lOO
115
Universal Fire Ext'i. lOO
Westchester & Bronx
96
98
list
||DoUars per sh. alix-ri,'hts. xEx-iliv. t.S^ew slock. 1|Sells on
80
85
-2
95
121-4
Companies ..lOo
t
f
6
7
IJNew York Dock
101.
M
Am Tobacco (new)
ly
4.\
loo
loO
Steel i^oundrlfsOs 1935
AcfcO
American .surety
ou
American Thread pref..5
1)9
160
100
51-2
37
110
90
loo
\
1
Bliss
Houston Oil
100
Preferred
100
Hud.son Realty
IngersoU-liaud pref. .100
Internat'l Hank lugCo 100
Int'n'l Merc Marine. 100
Preferred
1 00
Col tr deb 4 i-2l922op'07
International .Salt
100
1st g 5s 1951
International Silver. 100
Preferred
loo
National Surety
100
20
llNew Central Coal
N J Ter Dock & Imp. 100
N Y Biscuit 6s lOli.M-S
90
10
69
4
43
80
Prelerred
50
<fc Boston Consol .5'
ist
88
"a
30
'A\
300
Mortgage Bond Co. ..100
.Hosier .Safe Co
100
Nat Bank of Cuba
lOu
.01
122
95
10.5
\
;:o''8
30
39
78
Mont
77
80
'4
1
95
3/
118
90
t
CoU.tr. g.s.t. OS 1914.
107
150
Biooklyn Union (^as deb
170
6s 1909 conv '07. ..M-S 160
9 \ lOi-i
Buffalo City Gas stockl 00
Exch list
1st 5s 1947 .See Stock
Cousol Gas of N J
96
Kst 5s 193(i
J-J i 92
Consumers' L H & Pow—
4110
5s 1938
1-D
ijDctroit (Jiiy(^as
50 100
Elizabeth Gas Lt Co. .100 275
129
Essex & Hudson Gas 100 126
Fort
25
Alliance Realty
42
80
Mouougahela K Coal. .50
industrial anil Aliscel
Ahmeek Mining
"*
8
37
76
lu5
493
90
Mitchell Mining
109
113
i».
6
Hef g 4s 52 op 12. ..J-J
Hall Signal Co
lOu
Havana Commercial. 100
Prelerred
low
Havana Tobacco Co.. 100
Preferred
lou
Ist g 5s June 1 '22. J-1)
Hecker-Jones-Jew'l Mill
Mine
275" 300
Baldomero Mining
5
Barney & Sm Car ... 100
lisl
list
18
t
t
Amer
Gascfe El
73I2
Pitts BessdiLE
50 t 31
Preferred
50 t 74
Seaboard Air Line
Coll tr 58 1907 op... M-S 100
SeaboardCo
See Bait Exch
Va ifc SouCliwe80ern..loo 60
18
21
l4
310
30
Mex Nat
270
h
A.tltin
Brooklyn City stock... 10
Con 5s See Stock Exch
Bklu Crosstn 58 1908. J -J
Bku Hgts Islos 1941 A-O
92J1.J
Denver
City stamped
loo
Northern Securities.. 100
Stubs
34
lii»
.
25
Prelerred
4
109
Am
Union Gas 1st 5s...
Con Gas (N Y) stk. See St
Conv deb 6s ctfs 6'eeStk
IIMutual Gas
100
BROOKLYN
<fc
h
t
aack'n sack Meadows 100
Mack
5
3
«'<?,
30
75
25
65
Hackensack Water Co —
Preferred
470
com.. 455
Pref d
See Stock Exch lisl
list
4s and 68
See Stk Exch
Typefo'rs com. ..loo
35
40
Preferred
98
101
100
4^4
Amer Writing Paper. 100
5
ysia 341-2
Preferred
loo
87-2 88
5s 1919
J-J
NEW YORK
nio
^ao5
Worth
118
3
iia
6'<<j
1
IILorillard (P)pret ...100
Prior lien g 4 i2S'30M&S 106
Con mtg g 58 1930. J&J
90
Income 58 1930
15
Cliic Subway. See Chicag o list
list
CJas JSecuritics
4iO
116
103
144i<j
'IB
Lawyers Mort Insur.lOO
Wilkesb Coal. 50
Lord <fc Taylor
100
& Susq 40yr 3>2S cts
Chlo Peo & St L pref.lOo
Deposited stocK
Undeposited stock
I4
14:-!-'.,
l|Leh<fc
Alb
",|E<u-t
13'e
69
6
47
1st 68 1948
J-D 4107
77
Lackawanna Steel... lou
Uanslon Monotype
20 1 14
irailroad
aslreet
27
72
lul
108
110
1st 6s 1922
.M-,-27 li 35
Her'g-Hall-Mn.r,new.lOi.
llobokeu Land<& liuploo 200
",|5s 1910
104
.M-N 4102
Ferry Companies
$23,200
21.9 46
1/,100
IIGeneral Chemical ..100
loo
\ Preferred
Gold Hill Copper
1
Greene Con Copper... 10
Greene Consol Gold... 10
Greene Gold-Silver
10
<ju.g^enheiniExplo'n.lOO
Companies
IIKmgsCoElL&PCo 100
Narragau (Prov) El Co 50
N Y y El L<fePowColOO
sates
14,b82
Outside Securities
A
99
89
i!AmerTeleg& Cable lOu
VCentral & So Amer. 100 1281- 137
Corn m or Un Tel (N y).25 115
78
hini! & Bay State Tel 100
Preferred
UultedElectrioof
48 1949
Bond
Unlisted
shares
Listed
shares
*16,OhO
25,064
77,423
Tuesday
38
74
Telephone
Franklin
5
3
32
11
32
8
1
100
Preferred
100
Electric Lead Reduc'n.SO
Preferred
.-.o
Electric Vehicle
100
Preferred
lOo
Electro-Pneuni'icTranlO
Empire Steel
100
Preferred
100
1..,
97
li\t
30
Electric Boat
6
30
70
a 05
<fc
FhitadeLphia
Boston
Week enriiny
Saturday
Dominion (Copper
IJougliis Copper
72
21-2
lUiamoiid Match Co. 100
$25,000
Jan 5
lt»06
(-587.576,250 +360,2;i5,150
#3 1 .600
shares, par..
eilocKs— xN o.sliareH
lyUb
92
112
Ask
58
20
54
15
67
100
100
^ICrucible Steel
1i Preterreii
Cuban Os o. 1896
137
31-2
Bid
:>liscel
Cramps' Sli&Kn KIdglOO
40
110
?.J
Stoac
Jixchanue
Jan 5
10
I
and
IndiiKlrinI
Conaolid Car Heating 100
11(;ons Firew'ks com .100
KPrelerred
100
Cons Hy Ltg.tHefrig.iOll
Consol Rubber Tire. .101
Debfuture 4s
Cons .Storage iiatterylOu
a 08
.100
1st 6s
Pat
'
Sew iork
Bank
A-O
OS 1938
1iO<fe
t10.484,".OO 1^3,500.500
Week andinri Jan 5
Isl 6s'25.J-l)
n Gas 6s 1926. A-l)
No Hudson L H & Pow
3*2
2,545.500
Atadis-
llCon g 5s 194.-
$746,500
$89,2i'3.().=,0
6.655.08H
Total
Bonds
vatiie
V S
State
dec
083.214
bat.uraay
'X'uosdHy
Raltroad
95
Newark Gas 6s 1944. Q-J
Newark Cousol Gas.. 100
Lou* WabV
stocks
75
104
103
42
105
99
40
40
35
JlOO
4136
90
Latay'eGaslst ijs'24..M-N
Week '•ndtnq
Jan 5
i
lou
loo
IlPreferred
ASIC
lint
50
A-O
Gas is g '3'7.A-0
ivausas City (ias
lOl
STOCK KXO'HAJS«t
liW VOKK.
JM
WKKKLY AND YEARLY
DAILY.
1,1,6
.
43
laoicsou
TKA-NSACTIOJV.S
1
THE CHRONICLE.
190(5
Volume
—
.
4112
100
122
119
63''8
89
'90"
list
125
114
114
26
I)
7
ni2
'-2
1
177
Title, & Mort liuar Co.
183
Westingh Air Brake. .60 IIDO
^1
While Knob Min
»i,
Preferred
Wort
luu^'
.Si'k Excli.,
Pump oref.lOO
.'i
121
21:
^
1 i>
125
r.
but uot a very active security.
8
1
BOSTON STOCK EXGHANaE-Stock
— Not
Sliiirc I'ricen
Saturday
Dec 30
JUoniia
Jan
Jan a
8914
•104 '•2 105'-;
*254 254 hi
166 166
•241
172 i?2'^4
91
'
172
'306
306
'.
Jan 4
Last Sale
Last SaCt 75
Last Sale 174
'
175
*
'124
127
*124
175
127
126
126
Last Sale
Last Sale
141 14214
•91
91 14
94 12 95
91"',"
*93
96 "s
18
60' J
25
18
1734
61
5910 59
2434
198
197
1S8
2U8
208
208
20
•140
142
93
95
142
91
•93
'2
2534
142
Last Sale
•93
95
Last Sale
17'.j
*17
6O34
60
*24i2 2512
19678 197
1734
25
198
17 la 1712
691a 60
•241a 2512
19678 199
La si Sale
Last Sale
*65
*62
'34
*60
tJ2'a
98 1^ 99
15038 151
99^2
99I2
24
92
92
13
13
34
35 S
152^2 15238
139 139
•137 137 Is
43
43
10512105^4
•121
H.
2684
6
•243
•176
46
2a
'
iVy
46^4
84^4
*190
*3
132
60
195
3412
•99
113
101
113
23
251.
933,
9334
11
'
12
34I2
150i« 15334
139 140
137 14
42 18
104
106
Wj
6
243
312
3
132
I'a
1^4
17738 1777f,
46^2 47 I4
851-2
Ho^f,
192 14 193
•3
31.J
134 135
*i^
134
912
24612
10
104
912
246
243
10
103 %
10
10334
22 12.
*25H2.
312
312
103 1^104
73 12 741.2
31
31
10334 104
76
74
31
43'4
4238 43 s,
106i4ll'7i,. 106
IO6I2
*-50
••45
50
4234
*13
*91
*85
*95
14
12
8&
loo
91
*85
*95
1434
1111,2
1514
73 12 Ti^
4J4
*1'>8
26
35
•60
3138
707
o
I'e
2t)»2
35^2
-75
3312
707
*6
^'^'•^
.
88
100
5
• II2
25
3539
29
*6
61
1^4
1734
81
•126" 123
»2»2
1734
934
3
1734
30
31J8
2
Hi
6-'p
1434
15
70 14
70^^4
2
2
251a 271.,.
3534 3 6 34
*-60
•75
31
29
32 12
707
29
7
•6
7
-62
•61
•62
86
83
84
17'6
17^
173>
81
123
120
88
lUO
40 14 40I2
107 Ki 109 12
707
29 12
*77
6
12^
9II2
534
2638
36^4
70?
8358
171s
'-2
2
120
W;
•2 If.
1738
la
81
123
21a
25
10
251a
17 12 1734
lOifi
10
3OI2 31 12
5I4
*5
26
25
1034
1034
17
1712
61 ^2
17
60
1712
17
17=8
61
59
60
12
85
121*.
12
89 14
85
934
5^4
-1^
6m2
4^
114
4'4
ll's
86 Hi 8^12
*1H;
1^4
34 Hi 3612
lOS^s 109
43
47
6
2
118
4I2
IHj
85
108
45I4
Ml*
•114
109
loy
6'i
2
738
108
6I2
2I3
7
118
•1034
118
li
11
1014
66^4
11
4934
IOI2
6534
4434
46I4
1234
5634
612
12 la
56
*6>4
*8i4
132
•lia
c
5
2
*-60
-75
3108 ^312
7
2
*LI5
6^8
6
1
9;
*8a
41
41
108i2lll'4
I514
15
7118 72
•62
83 '8 85
13
yii2
705
29 "^ 29 "2
•60
68i<
134
13-
13738
240
177
47
'
63b
140
247
22 12
42
15258
246
....
6I4
32
*243
I77I2I79
4612 47
85 14
85
*-60
41
109
III4
6
*25i2
107
30
151
140
137
2434
94
D
245
10
103
4 Jig
2412
9212
11
6
122 '2
26I2 26 '2
IO9I4I69I4
4234
101
113
Last Sale
Last Sale
Last Sale
1211,,
*
*60^
9912
9812 9912
Last Sale
'12112 1^2
2612 -^712
6 12
6 12
246
10
104
74
31
981a y9
148 14 150 14
137
42
103
132
103" 104
Last Sale
137-2
.4134 42 12
"210312
a;103
1^4
9^5
73
3412
153
139 12
150
139
137
3'9i
2212
2538
100
112
24
92 12 93
12 '6
12
132
245
10
1U3
*98ia
23
*22i2
52 12 55
61
64
'.
•60
65
98
98
14812150
100
113
100
113
209
Last Sale
•521^
63
«2
99
99
148'8l50
98 12 99\
112
209
'20812.
•62
63
*00
•99', 100^4
1034
li.
4i»
134
36
IO8I2
48
IHj
108
5
2534
10
1
4>a
I'a
35
106
2812
IOI2
1
412
123h
871,
134
3H
44 14
i'4
l"-;
105
108
63«
7=8
2
2
7
2
7
122
120
121
12
11^8
5112
llifl
6634
"45"i2"47'i4
"ie^,'
11
5612
12
6178
11
6O34
6»4
8I4
614
81a
63r
814
lia
51,.
L07
4612
60>a
10»8
64I4
134
1734
10
10
30i« 3034
tJ34
41
11
134
134
15634
*306
18918 189 If
142
91
103 Tg
254
134
*lia
••ft
VI4
blH
III2
65 14
49
la
ll^S
62^4
6I2
8I2
134
134
4II4
103 14
43
104 14
Last Sale
Last Sale
26
8534
192
3
135
26I2
17712
47
85 34
194
3ii
135
Last Sale
Last Saoe
244
246
GIH:
104
254
15634
240
17212
Nov'05
Dec'05
Dec'05
KailroaclH
Atoh Top <fe Santa FelOO
Do pref
100
100
Boston & Albany
Boston Klevated
100
Boston & Lo-well
100
Boston & Maine
100
Do pref
100
Boston & ProvidencelOO
Boston&Wor Elec Co...
Dec '05
Do
Lowest
305
142
165
923
Jan 18 311
134 Jan
634 Jan
160
123
186
Jan
10
1031.2 104
•934
Before pay 't of assesa'tscalleclta 1906. dBetorepay'tofassess'ts called in 1904.
'
Dr-cl5
17 35
17 82 4
13 182
Nov 14 132
Jan 4
I6O4 Jan 19
285 Jan 12
141 Dec 14
594 Jan 16
86 Jan 4
175 Jan 24
110
167
300
j:137
230
158
166
•295
136 J'ne
rllc4 J'ne
180 J'ne
160 Apr
70 Jan
133 J'ne
Oct 30 24 >4 Jan
NovlO 73 Jan
Deo 4 170 J'ne
lli4Sep
52 '4 Oct
Apr
5
Nov
194 Jan 25 294Aprl5
Jan 3 96*4 Sep 18
4i4Aprl3 15 Dec2»
20 Jan 17 364Decl3
130i4 3la)23 154 4 Dec 28
1 32
May22 140 4ATig23
130i4DeC 4 148 Jan 4
21 Jan 23 47 Nov28
92i4Jan 3 109 Mar31
3 14 Marl 3
43,i J'ne 9
116 Augl7 124 Jan 6
17 Jan 21 28 Dec 16
734 Jan 10
54J'ly 5
239 Dec 4 257 Apr 6
169 4Mav22 191 Jan 17
38i4Jan 6 5178.\Ug31
SOi4Janlo S8I4 Mayl2
tl85 4 J'ne20 206
Apr 20
1
Feb 6 ,,34 Dec 19
131 Dec 13 140i4Apr27
lr'eb24
234 Jan 9
Jan 6 17 Jan 10
230 May2o 258 Oct 2
84 Jan 12 10i4Feb23
100 Dec 15 114 Jan 5
18 J'ly2d 23 Jan 18
25 Mav23 27 ATag23
2 4 May25
44 Arig23
103 Apr 29 115 Feb 20
Jan
Jan
2314N0T
24
8OI4
7138
Mar
11678
Nov
86 14 Mar 97i4Deo
160 May 173 Nor
Jan 934Deo
Jan 114 Dec
3
174 Feb
43 4 Deo
Dec 1464 Deo
16i4J'ly
37 4 J'ly
9 143
86
Oct
87i4May 954J'ly
Is
554 Augll
Mar20 161
154
127 Deo
186 Not
162 4 Jan
285 J'ne
142 Not
57 Deo
88 Deo
175 Apr
185 4 May 199 Oct
159 Auf£ 163 4 Apr
222 Jan 232 Apr
198 J'ne 07 Apr
74 J'ly 804 Feb
68 Mai 79 4 Not
29 Aug 73i4Deo
40 Jan 42 Feb
Sep 13
60 4 Sep 13
31
146
t
Mar 89 14 Not
Jan 104i4Not
Deo
Fob 155 4 Dec
Mai 242 4 Nov
Auk 175 4 Deo
Apr 174 Oct
Feb 303 4 Deo
Dec 2 9 117i8Apr28 108
21i« Jan 27
Bidaadaeked. liNewetock.
64
88
f-
I8934
Highest
23934 J'ne 254
Mar22
Apr 13
Mario
Feb
Mar25
Angln
Augl6
Marl5
148
92
96
192
13 Oct 21 23 Apr 3
55 Nov 4 70iflMar30
1934 May 1 2573 Dec 20
a 192!^ Dec 27 216\,Sep21
164 Oct 4 I6734 May25
232 Jan 24 233 May23
205 4 Jan 5 212 Apr 26
79 Jan 9 102 Feb 14
52 4 Dec27 87 Fob 6
50 Apr 13 72
._
Jan 19
50 Jan 5 674 A.ug25
934 Jan 9 102 Sep 5
113 Jan 6 151ieDec29
95 Sep 1 101 5e Feb 20
172 Jan 18 180 Oct 9
93 Jan 3 102 Sep 14
10 Reeoe Button-Hole.. 10
10358 10375 Swift & Co
100
Lasi Sale 22 ^S Dec'05 Torrington Class A.. 25
Do pref
Last Sale 25\ Dec'05
25
hast Sale
Dec'05 Union Cop L'd & Mg. 25
Unitod Fruit
10334 104
10334 104
100 1,236
743.. Un Shoe Mach Corp. 25
75
74
75
2,963 57 J'neio
31
31
Do jiref
456 j;3078Dec-,;^j
31
31
25
1134 J 'He S
Last Sale 13^ J'ly'05 U S Leather
100
100 4 Jan lu
Last Sale lllh J'ne'05
Do pref
100
3478 Jan 4
Last Sale 53
Dec '05 C S Rubber
100
Do pref
20 98 '8 Jan 5
100
42 14 43 14
43 14 U S Steel Corp
4218
100 34,658 2478May22
Do pref
479 91 May22
105 la 106
105 4 106
100
•45 VO
•45
•45
West End Land
450 •40 MaroO
25
1214
12-34 West Telep & Teleg.lOO
1234
300 11 Dec2y
•90
92
9:i
Do iwet
92
loo
40 90 Oct 2d
82 4 Oct 2
Last Sale S7 4 Dec'05 Westing El <& Mfg.. . 50
91 May 2
Do prel
Last Sale H8
Dec'05
50
lUining
6i6
0.^4 AdventureCoh
25
983 t234May25
4?
42
40
25 1,940 18 Apr 24
414 Allouez
104', 1081
104 4 loy Amalgamated CopperlOO 67,7»1 70 Jan 25
1434 143.
8 j'cf/l
14
15 Am Zinc Lead <fc Sm. 25 2,870
6i3g 65
61 .-Vnaconda
25 1,433 -'5i,May31
a;6078
1
-May 2
514
538 Arcadian
25 3,390
•«134
214
Arnold
25
155 •45 j'nei5
2634
•27% Atlantic
26
25 8,325 12 4M«y22
26
351.
371;
36
364 Bingham Con Min<feS 50 24,828 28 May 2 2
•50
May 6
Last Salt 65
Dec'05 Bonanza (Dev Co)... 10
534 Jan 26
3II4
31-^4 323f
32=8 BostonUouC&G(rct8) £1 27,496
705 705
705 Calumet ds Hecla
25
105 '301 j'ne 7
704
•10
16
Lasi
Maris
Dec'05 Catalpa (Silver)
10
2934
30 Centennial
25 6,613 1658Mar22
2S^2 30^4
5 4 .Sep y
Last Sale fi4
Nov'05 Central Oil
25
•62
•62
61
•62
Cons Mercur Gold... 5 1,5 70 •30 MaL'24
8234
83 Copper Range Con ColOO 36,69-1: 64 J;in 2'o
81
814
1712 1712
17 14
18 Daly-West
20 1,840 11 4 Mar3o
oO JanlO
Last Sale 7.94 Dec'05 Dominion Coal
100
.13
JaulO
Last iale 120
Do prel
Dec'05
100
*2l4
2
212
May 2 6
12
400
24
24 Elm River
8 Api 29
1712
i'ranklin
17
25 1,585
16^4
17
6 Jan 4
10
10 Granby Consolidated. 10 4,769
y'a
30
2934
3034 Greene Consolidated. 10 19,227 2034 j'uel3
301a
-434
3 Jan 4
745
434 Guanajuato Consol..
5
44
29 ig
Isle Royale (Copper). 25 30,867 174May23
26
2634
29
IOI2
6 May26
10
25 2, '25 8
978
10 Mass Uonsol
II2
1-4
Mayflower
25
190 •70 J'ne27
I'a
1678 1714
1634
25 4,110 lOigJan y
174 Michigan
59
25 2,088 48 May 1
59
59 Mohawk
591a
4I4
2 J'ly 6
4>4
840
414 Mont.ana Coal & Coke 25
43e
1238
12
12
124 Nevada Consolidated 5 11,457 104 Dec 13
34
AuglS
8212 86
15 20,066
834
87 North Butte
134
145 •75 May 2 9
25
-IHi
14
14 Old Colony
35>4 3734
37 1, Old Dominion
26 12,036 23i4May 1
364
106 107 '4 IO6I4 107 Osceola
25 2,487 88 Feb 9
22 J'uel2
4II2 44 "2
41
434 Parrott(SUv<fc Copp) 10 40,348 •50
-II4
Jne22
115
I'a
25
I'a
14 Phcenix Consol
95
May 4
651
25
108 108
108
108 Quincy
li4M»y 1
718
778
678
25 5,465
74 Rhode Island
14 -May 8
238
1,540
21., Santa F6{ Gold <fe Cop) 10
24
21a
658 Feb 6
718
«78
Shannon
10 2,015
7
67e
391 101 May23
25
120 120
115
118 Tamarack
2 Feb 3
III4 12
111^4
25 l,6t<o
\\\ Tecumseh
50 14 51 '«
25 4,600 247g j'iie20
60
5034 Tennessee
738 Jan 26
IOI4
25 8,-.;55
10 la 11
10 7e Trinity
9 Mario
63 14 64
100 19,955
62
6414 United Copper
100
90 744 Nov 9
90
Do prel
69
Jan 25
46 14 48
464
4714 UnltedStates Mining 25 55,441 21
9I4 Apr 6
Ilia I212
11«8
\\\ Unit States Coal &O1I 25 i,-M]\)
5934
62
5 9l.90i 393^ Mar 4
59
61 S. Utah Con (Gold)
287 c2 MaylO
638
638
638
26
638 Victoria
7 4 Dec 19
250
8ie
818
Winona
25
8
8
8i 105 Jan 4
25
132 134 133
134 Wolverine
14J'nel2
25
Last Sale 24
Dec '06 Wyandot
-93^
Lowest
lliqhenl
1,814 77^8 May 20 933s Mar 9
71 994 Jan 25 10536 Sep 21
11 253 Dec 6 261 Apr 4
53 152 Novl4 1584 Apr 2^
33 2:241 May26 249 Mar 16
184 170 Deo 12 1854Marl4
171 Jan
175 Apr h
pref
Deo '05 Plan tCom t'st stk comlOO
Sep '05
Do pref
100
245 Pullman Go
100
Range lor Previous
Year (1904)
Year
tor
rjos
Shares
.
244
Mange
the
Weeic
oj
Dec'05 Chic June Ky & U S TlOO
Do pref
100
125
Con & Mont Cla«8 4 . 100
165
Oct '06 Conn & Pass Riv pref 100
293
Dec'05 Connecticut Rivor...lOO
100
142
142 Fitchburg pref
90
Dec'05 Ga Ry<fe Electric
100
•93
Do pref
95
100
WJ Dec'uS Maine Central
100
100 1,049
17
17 "2 Mass ElectncCos
607,
Do pref
100
60 4
673
•2412
2512 Mexican Central
50
100
N Y N H <fe Hart.. ..100 4S9
19878 199
164
Oct '05 Northern N H
100
233
Aug'05 Norwich <fe Wor pref 1 00
209
209 OW Colony
100
88
101
Oct '0.=^ Pere Marquette
100
6212
5212
Do pref
100
Rutland pref
100
60
Dec '05 Seattle Electric
100
Do prel
99
99
101
100
14834
152 4 Union Pacilic
100 3,735
Do pref
99
99
41
100
175
Dec '05 Vermont & Mass
100
994
180
994 West End St
60
Do pref
113
113
60
144
31
Oct '05 Wisconsin Central. ..100
Do pref
60
Oct '05
100
151
Nov'05 WoicNashcfe Roch..l00
JUiscellaneous
25
Amer Agrlcul Chem.lOO 2,660
244
Do prel
93
93
191
100
11
13 Amer Pneu Serv
60 3,812
31
31
Do prel
228
50
152 4 153 4 Amer Sugar Refin
100 7,158
Do pref
140
140
271
100
Amer Telep <fc Teleg.lOO
136
137
975
42
4 6 '4 Amer Woolen
100 3,420
Do pref
103 4 104
780
100
534
Dec'05 Boston Land
10
121-^4 Dec'05 Cumberl Telep & Tel 100
26I4
^6 4 Dominion Iron & St
3,367
East Boston Land
6
6
1,930
244 Edison Elec Ilium.. .100
244
190
179
180 General Electric
499
100
47
48 Mass'chusettsGasCoslOO 1,031
855g
Do pref
8558
100
749
191
193 Mergenthaler Lino.. 100
11
314
82
3'i Mexican Telephone.. 10
13434
135 N E Telephone
388
100
13Ki
Weekly and Yearly
Sales
BOSTON STOCK
EXCHA_NGK
Friday
Jan 5
Thursday
240
172
Last Sale 775
Last Sale 311
"
175
i24' 127
STOCKS
91l8 92h
92
91
I0518I0518 103 4 104 12
25412264I2 254 254
156 156 156
240 24018 '241
172 172
172 173
1*
105
254 lo
156
240
172
105
254
156
Centum Prices
Wednesday
Jan 3
Tiiesday
>/
1
I'cr
Record, Daily,
12 4 Apr
71 Jan
34 Feb
244 Deo
87
638
Deo
Not
Feb 27 4 Sep
1224 Feb 152 14 Not
17
1224Jan 141
Not
119 14 Feb 14914 Not
9 Feb 24 4 Not
9434 Deo
4 Sep
12234 Deo
714 J'ne 19-\ Not
684 Jan
Nov
3
1124Jan
74Deo
54 Jan
230 Feb 265 Aug
al51 J'ne 194 Not
'M Dec 44 14 Aug
7734 Mar 8434 Oct
173 J'ne 200 Nov
14 Apr
lis
Oct
i
208
.C9934
J'ly
Nov
Nov
9
Mar 116
Jan
2
Jan
17
22 Dec
24 4 Oct
Oct
22 4 J'ly
26
5
Feb 113
95
Nov
Nov
Mar 243
64 J an
Aug 8
34 4 Aug 7
144 Jan 16
234
Feb 141
4
4 Oct
Nov
Oct
J'ne
90
6
Hi's J'ue26
57 Decll
117 4 Apr 7
43ieDec3u
107 Deo30
77
4 Jan 20
4 Feb 6
•50
Feb
s
76
Mar
9
Oct
y
•67
2'.:
104
92
100
4 May 204 Dec
Jau 103 Deo
1034
Feb
40 4 Jan
838
34 Nov
99 4 Dec
May 33
Dec
Apr
•75
Jan
Mar
101
5l4Ma} 95 4 Dec
64 J'ne
23 4
93
190 4 Aug 100
7534 J'ne
Nov
Dec
Dec
Jan
10i4Oct IS •75 Aug
7 78 Nov
49 Oct 17 d3»i6Mar 121 Nov
1114Dec3(J 43 Feb 8234 Deo
1534 r)ec2y
8 Feb 14 Oct
73 4 Dec a u 1538 Feb 2934 Not
Nov 16
Nov 1
7
3
287eOct
37 4 Dec
Oct
•95
^25
Feb
20
J'ly
7
6
13
19
39
5
3
Not
14 Nov
Feb 2214N0V
Mar 3834 Not
May 13i6NoT
Oct
7 78 Nov
Jan 700 Nov
Oct 10 •05 Apr 25 Nov
34 4 001 24 d 14 4 Feb 1 3234 Nov
678 J'ly 10
May
84Janl6
•75
MaylO •20 J'ly 75 Jan
S5I4 Dec3u
38 Feo 744 Nov
22 Nov2j 1034 JtUg 36 Jan
8634 Mar31
40 J'ne 72 Jan
L^O Dec 29 103 J'ly 116 Nov
134 J'ne
4 Oct 6
4 Nov
SOigOct 17
7 J'ne 15 4 Nov
35
6
Dec 29
Dec 15 435
720
•20
1038
Dec
2 ^8
1
32 4 Dec l4
20
Mar
Oct
7>4 Aprlb 624 Feb
28 '4 Jan 17
13 4Marl3
178 Oct 13
l»3BDecll
i
64
3
•45
May
Feb
J'ly
34 J'ne
2 « Jan
Deo 6
Dec 1
Dec 14
Dec 13
34 4 Feb
258 Oct 4
36 4 Deo 30
5 Oct 20
47 Dec 30
•50
J'ne
914 Feb
6434
6I4
13
93
L 1
63
2034
Feb
Feb
6*^16
6
2
Jan 18
Jan 3
Marl 4
9
140
63»
Aug
214N0T
Dec
29 14
98 Not
33 4 Nov
Nov
Nov
Not
14 J'ne 3 4 Not
3 4.'^ug 1034 Nov
85 May 140 Not
4I4N0T
Nov 43 4 Dec
Mar 184 Not
Mar 6 Mar
J'ne
2
•25
Decly
Feb 1
76 Deo 27
88 Dec 19
46 4 Dec 26
1334 Dec 28
34
la
Jan "283^ Dec
6865JN0V27
30
Jau
ltJi4
0ct
5334
13*8
t740ctll
164 Feb 21
134
Ase'tpaid.
Not
11 4 Dec
57 4 Not
Janl4 ^•50 Aug t6
Jan 17 80 Feb 125
878 Oct 6 •oO
May 3
3
Dec
36 14 Nov
1 9 78 Dec
314
118
Nov
34 4 Deo
278
4:
Dec 15
Feb 21
334
6
84 Jan
2 4 J'ne
5
69
•50
123*
47
Not
Not
6% Not
Feb 133eNoT
Jan 110 Not
Feb t3 Not
Ex-rlghta. a Bx-div.&rlglita.
H
JAN.
«
1906
(J
UONDS
BOSTON STOCK EXCH'GE
Wkek Ending Jan 5
Jan
.5
99
94 12 Sale
87»4 88 "s
J"',
I'Jl'.t
1
Atch cfe Nebraska Ist 7a.
Atch Ton & S Fe gen f? 4s. 199.') A-O
riy 1995 Nov
Adjusfment g 4s
Boston Elect Liglit 1st (3s. 190^ M-S
1924 M-S
Consol 5s
102
93
.
191G
1944
Boston* Maine 4^38
Boston Terminal 1st S^iS. 1947
19ly
Bur €& Mo Kiv ex 68
1918
Non-exempt (is
1910
hind
4s
Sinking
1917
Butte & Boston 1st Os
Cedar Rap <fe Mo K 1st 7h. 191(1
1909
2d 7s
Cent Vermt 1st g4s..Mayl92()
C B <fe Q Iowa Div Ist 5s. 1919
1919
lowaDiv Ist 4s
1913
Debenture 58
1922
Exten
4s
Denver
1927
Nebraska Exten 4s
1921
B& S W8t4s
1949
lUinoisDiv3>28
Nortliern
Gt
bonds
See
Joint
Chic Jc Ry <fe Stk Yds 6s .1915
Coll trust reluuding g 4sl94(i
Cli
Oh
ChiCife
Rap<fe
1053.4
100^4
A-O
M-N
1st Gs. .1933
124
tr
Note— Buyer pays accrued
129 129
Ulislll-'j
91'.,
XI
1(19
109
lOOTglOl'V
105-\10';
100 10134
10(!
1061-.,
991-4
99 1^
94 V,
lOGifllOS
99I2IOII0
Dec '05
1241.^
Feb '05
12(i
Nov'Oo
105
105
IO9I4 Mar'02
II2I4 Jan '03
109
ibs"
Salt'
94
101
Sale
100
Si
lOllj
1021.2
941.2
Apr '05
Dec '05
lOi
IOII4
101
AG
1391.2
99^4 Sale
Wa
140
99 3i
9,11,
I2GI2
l2lil-2
12G
108
102
120
109
109 14
101
102 lo
100
94112
9934 101
Dec '05
101
103 H Sep '05
10318 Apr '05
10534 Muy'Oo
1933 A-O
4s 1921 J-J
1921 y-J
Registered 4s
943b
124^4
J-J
J-J
M-N
J-D
J-D
A-O
A-O
A-O
190.^
102 1023
99 H 100
14
1.J
1031..
'.03 '2
103
103
1031*,
>«
H.
10.534 lO'J
Oct '05
Apr'05
140=8
139
139
41 98
98
100
Dec 'Of
140
102
Sl
10138
Saturdai/
Monday
Dec 30
Jan 1
Jan
S5I9
83 12 83 12
104 i^loAVi
'Auh
30
10434 10434
3934 3034
^
85
"ao'iaSiii
Jan 3
2
V
'63
'4
631*.
ni'i^
63
15
92
62 7f.
*-
Stocks see below)
Jan 5
*SSh 84 12
*104
+
105
31
89
*30i4
871.2
30 V
89
62 lu
*
3034
5212
32
11
III4
*116
f.2
52
^
3178
Ills
323^
"40'
40
I8I4
183b
116
82
IIGH
8II4
82
-J.
7178
01%
511-2
5184
;"
838
303j
87ie
Kl
•JU-'.
ijHhi,
69
*46
*48i4
8%
3U34
G958
xm
19
IIG
83
721^
6 VU
838
Easton Con Electric S.5o
Elec Storage Batt
100
Prelerred
100
Geruianiowu Pass
60
Harn.son Bros pref... 100
1^
1151-2 1161..
8OI4 811.,
3U;
31^
715i671i5ia
3\
11^
bl%
51
51
14
8\
713i,5
7034
46-4
723,,,
7034 71i3ie
*-46i8
72>'in
4634
48"iG
47
48i3i8 48WiB
62 la
mh
931.2
9379
4G34
18''
8-^
4G1.2
'48 H2 49
62 14 62 h
94 14 94 12
I
62 1-2 62
93 14 941*
-30
301^
1^2
6212
621..^
94
»30
PHILADELPHIA
Ask
100 Is 102
100 1021a
Oct '05
KK)
122
100
106
122
97 H)
93
103
10-;"8
Dec '05
102-8 10618
120 Hz
.Sop '04
102
122
99I2
991^
9334
ysia&ai'e' 93W2
104 Nov'Oo
I12
101 14 Sep '05
.102
118
99
99 Hi
101141021a
50
24
25
Aug'05
1734
1734
94 100
100 12 101
101 1^2 103
1023< 10334
106 IO6I4
Dec'05
10234 Nov'O;IOGI4 Feb'05
104 14 J'ne'04
1110278
Jan
'05
1110278
Sep '05
IO7I2 Noy'05
102 Mai'02
103
IO7I12IO712
99 't
99^8
100
105'4l073e 10634 Oct '05
102 Decor,
100 Dec'05
0338 Oct '05
Inii8l52is 1|148 Dec'US
1091-2 Oct '05
1023.,
IO2I4
10338 1067,
mis
I12
1114878
I07112
1141a
1!92i8lT99i2
Dec'05
10534 Oct '0
10208 Oct '06
10258 Nov'05
IO2I4IO318
102 1^
Sep '05
Aug'05
11 10036 105 >2
1191
11941a
10958 IIII4
!«
102
102 Sg
97 100
104i2l07'8
95 102
100 100
1I97H.
1197
102 112
10534
14
102
"^ale
109
-'8
and asked.
10534 IO6I4
102=8 102 =a
102^8 103 lu
Flat price.
Ij
Weekly, Yearly
Range
tor Previoiu
Year (1904)
Highest
MaylG 90 Apr 13
May25 1 1034 Sep 23
Jan 16 34 Dec 26
83 Mar23 911.2 Nov23
"206 4779 Jan 24 64 Dec 26
1 2 1^ Apr 29
li Mar »
59
126
10278
I24I4I25I2
103 103 18
12414 Sep '05
103
Lowest
83
99
1,997
8O34
70*B
1734
Week
100
9434
105
25
1013,
103
1081^
12553
99 lu
11783,
Nov '05
76 J'n6'03
102 1^ Aug'04
99
99 Ha
100 I1J Oct '05
1001^
10134
103
Miiv'04
117838 Sale' TI7838
U ighest
Lowest
5712 Jan 86 Deo
71 J'ne 109i2Dee
211-2
941..,
31
PH1L,VDELPH1A
P
E ext 7s 1910 A-O
AmRysconv58 1911. J-D
Atl City Ist 5s g '19. M-N
BaUs Ter 1st 5s 1926. J-D
491...
101
12
10134
II2I2
Bethle Steel 6s 1998. Q-F
120
121
Che <fcD Can
83
1st 5s '16 J-J
Choo&Molst5sl949 J-J
ChOkc&G gen 5s '19 J-J
Col St Ry 1st con 5s 1932
ConTracof J 1st 6s. '33
E <& 1st 5s 1920 M-N
34
N
A M
& Peo Tr stk
Elec
Eq
II
tr ctfs
Gas-L Ist g 5s 1928
H & B Top con 5s '25 A-O
28 1.
311...
32
12it
12
12
Incbanapolis Ry 48.1933
Interstate 48 1943 ..F-A
Lehigh Nav 412S '14.Q-J
RRs 48 g
1914. Q-F
GenM 4i2Sg.1924.ti-F
Leh V C Ist 5s g '33. .J-J
Leh ext 48 Ist 1948. J-D
M-S
2d 78 1910
V
Consoles 1923
Annuity 6s
104
115
105
104 12
J-D
J-D
48 2003. M-N
V Trac 1st 4s '29. J-D
New Con Gas 5s 1948 J-D
Gen cons
109
01 S 10134
107 14
108
1
50
100 3j, 10012
7
136
7I4
112
1
86
1.^
109 12
115
116
124
1001
16 1.2
17
loo
SeaSh.60
NYPh<feNolst4s'39J-J lolls
Income 4s 1939... M-N
NoOhioTrac cou5s'19.J-J
No Penn Ist 4s '36. .M-N
Penu gen 68 r 1910.. Var
r
15 141)6$
534 J'ne
Coucfc col trOs 1961
93
511.,
95
52 M
M-N
Phil Eiec gold trust ctfs.
Trust certits 4s
Bid and asked prices; uo sales on this day.
1|
Anacostlacfc Pot 5s
Atltfc Ch 1st 7... 1907 J-J
Atlan C
Ex-rights.
||
120
&
106
104
1091-2
104
101
70
111
104
101
Cout'l
i-j
Kxtcfc
701-j
:^7.50 paid,
M-N
Ry cou5sl932 M-N
Convertible 5s. '06
I4
f
Imp
*15 paul.
5s.
t
1932
$10
MS
paid,
5i2J'ly
14i2N'ov
20
Aug
4412N0V
3334
278
5579
3759
5
8
Feb 597a Dec
Mar 412N0V
Mar 70 Dec
May 4359001
II
May nO'sDeo
Jan tl9 Nov
Dec
Dec
Dec
59i4Dec
,Tan
May 08 Dec
38
28
Mar 46
Mai
4534
81
1934 Oct
A ext 6s. '09 J-J
1910 A-O
Sub 1st 5s.. '22 J-D
Siib(Was)lst5s'48
2d 7s
City &
(;ily tt
Coal
& 1 Ry
1st 5s'20B'-A
Col&Grnv lstGs.1916 J-J
Consol (Jas 6s. ..1910 J-D
1939 J-D
5s
101'4 102
105
100
102
(jaife Alalstcou 58 '46J-J
Ga Car ifcNlst5sg'29 J-J
86
Georgia
73
75
101 Hi 102
GaSo'tii
Npt N&O P
410
98
30
9812
70
8 '4
99 12
75
8^4
10539 105 .^
102.-.:
101
7p
112
114
93
94
105 14
113 114
1061-.
106
1111-2
110
116
118
120
101
1-2
P 1st Gs...'22
Ist 58'38
42
lo
1
22
J'ne
Ask
9714
IO6I11
10G7g 107 la
113
107
1121-2
103
113
IIII4 IIII3
110 llOia
121
113 114
61 "4 61 1^
313,
3l5s
107
115
116
8334
95
84 14
100
107
108
117
117
113
115
114
8934
90
114
114
UElL<fcPlst4i2S'29M-N
9612
98
M-S
93 14
66
93V»
G6I4
Un Ry &
El 1st 4s '49
.T-D
Income 43 1949
VaMid l.st6s 1906--M-S
2d series Os 1911. ..M-S
3d series 6s 191G..M.S
4th ser 3-.1-5S 1921. M-S
5th series os 1926. M-S
Va (State) 3s new '32. J J
Fund debl2.38 1991. J-J
West N C con 6s 1914 J-J
114
WesVa CifcP
Wil
paid.
M-N
General 5s
1941 M-S
Norfolk .St Lst 5s '44. .J-J
Nortli Cent 4 Vs 1925 A-O
Series A 53 1926
J-J
J-J
Series B 5s 1926
Pitt Uu Trac 5s 1997. J-J
Poto Val Ist 58 1941.. J J
Sav Fla & West Ss '34 A-O
Seaboard A L 4s 1950 A-O
.Seab tfc Roan Ss 1926. J-J
South Bound Isl 58. .AO
112
i .i>20
J-J
Fla 1st 58 1946 J-J
G-B-S Brew 3-4s 1961M.S
2d income 5s 1951 M-N
Knox V Trac lst5s'28A-0
LakeR El 1st su5s'42M-S
MetSt(Wash)l8t58'25FA
Mt Ver Cot Duck Ist 6s.
Incomes
72
96
65
95
160
160
400
95
4II4
1912-Mar
Bid
104
124
26=8 Oct
1114 Pec
Feb
103 12
95
118
110
112
106
1101..,
L RR4sl952M-S KM 59
L(Ct)ctf 8 58 J-D
Ctfs of indebt 4s
J-J
5-20 yr 4s 1925
J-J
Bait CPass 1st 5s '11 M-N
Bait Fundg 5s. 1916 M-N
Exchange 3 I2S 1930 J-J
Halt
PLst (ism I'll A-O
Bait Traclst5s..'29 M-N
No Bait Div 58 1942 J-D
.\tl Coa.st
v»4
Nov
51
J'ne
184 May
BALTIiUOUE
Chart C «fe
11534
43
Chas CityRy 1st 5s '23 J-J
Chas Ry G cfc El 5s '99 -M-S
Ask
Bid
Iloiids
1919. ..Var
Penn & Md Steel con 6s.
Pa <fe N Y Can 7s '00. J-D
A-O
Con 5s 1939
Con 48 1939
A-O
Penn Steel 1st 68 '17 M-N
People's Tr tr certs 4s '43
P Co lst& col tr 5s'49 M-S
36
14 12 .May24
M 6 g '20. A-O
Inactive Stoclis
.\IaC"n8 Coal& Iron. 100
Pret
100
Atlanta & Charlotte.. 100
Allan Coast Line RR. 100
Atlan Coast L (Conn) 100
100
Canton Co
Cons Cot Duck Corp.. .50
Preferred
60
Georgia Sou <fc Fla...l()0
100
1st pref
100
2d pref
G-B-S Brewing
100
66 Hi
Leh
Consol 5s
Jan 3 5414 Apr 4
May22 32 Dec 30
Jan 25 1258 Feb 20
Dec 2 17 14 Jan 27
Nov 10 49 Jan 26
BALTI310RE
Newark Pass con os 1930
105
5OI2
E gen
Roch Ry<fe L con 5s '54J-J
U Trac Ind gen 58'19. J-J
Un Rys Tr ctls 4s'49J<feJ
U Trac Pit gen 5s '97 J-J
Welsbach s 1 5s 1930.J.D
WUcs-B G&E con68'550 -J
10734
11 5
<fe
ConM 6s g 1911.... J-D
Ex Imp M 4s g '47. A-O
ConM ot'82 4s '37. J-J
Terminal 6s g 1941. Q.F
P W & B col tr 4s '21. J-J
Berg&EBrw Ist 68*21 J-J
12
2434
1012
8I2
Gen M 4s g 1920. .A&O
Ph & Read 2d 5s '33. A-O 126
Con M 7s 1911
J-D 115
Al Val
6H
G3
48
.'f,
Ask
Bid
193
50
50 77,947
Co
25 14 Mar 4
Lake Superior Corp
100 3,888
867 1001.2 J'ly 3 123 12 Nov21
Leiiigh C & Nav tr ctfs. 50
52I2
Jan 9 90 12 Nov 3
Lehigh Valley
50 20,620
534 Jan 17
2^8 Dec
100 3,327
MarsdenCo
Pennsylvania RR
50 3,963 G5i3ie May22 7378 Aug23
Philadelp'a Co (Pittsb) 50 3,054 4034 Jan 25 55 14 Novll
Philadelphia EloctricJ.
13,275
J'ue 5 121-., Apr 2 7
8
Phila Rapid Transit^!.. 50 15,725 tl734 Jan 4 «36 Apr 17
Reading
50 61.', 069 3959 Jan 13 71i3ia Nov 9
311 45 May20 47 Aug22
Do 1st pref
50
208 42 Jan 9 50I2 Nov 2
Do 2dpiei:
50
530 68I4 Mar 9 63 14 Oct 17
Union Tracton
50
United Gas Impt
50 3,872 90 J'ne 5 1263(. Apr 18
20 Feb 28 31 Nov20
Welsbach Co
100
Bonds
Pitts pret. .50
Iron* steel. 10
*
1..,
323^,
UnitedNJ RU&0..100
Westmoreland Coal....5(
Wilkes Gas cfe Elec.lOt
71 14
51 14
19
19
7^8
10
&
314
13
47
311.2
Unit Trac
Warwick
West Jersey
1378
llb3e 1161-;
8234 8338
3 '8 ;^''ift
7138 :2i;«
51 3» 511?
45
32
N Haven
Nevl
14
46 19
19 1<.
19
IIGI2II6I2
82
83
S7j8
10
o£
13
45
31^18
50
Prererre<l
122
1905
of America 10 4,690
Gen Asphalt tr ctfs
100 3,936
Do prettr ctls ....100 15,418
117e Electric
8''ifl
Minehili& Schuyl H..50
Tonopah Mining
Union Tr ol Incl
13
1-.
iO't,
KeysioneWatchCase.lOO
Iron & Steel.
Northern Central
50
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preterred
100
Phila Co (Pitts) pref... 60
Phil German <fe Norri8.50
Phila Traction
50
Railways General
10
Susqueh Iron <fc Steel. .5
Tidewater Steel
10
11
838
Indianapolis St
100
Indiana Union Tr
100
In.surance Co ol N A.. Iti
Inter Sm Pow <& Cheni.50
Key.stone Telephone ..50
Preferred
50
11-38
3012
Inactive Stocks
Allegheny Val pret
50
Lit Brothers
Little Schuylkill
120
99
IO6I4 lOG
Jtange for Year
hhares
52 American Railways
31 14 (Jambria steel
30^.,
4S34
10
50
50
Central Coal & Coke. 100
Preterred
100
Consol Tracot N J...100
Diamond State Steel.. 10
Preterred
If
UI4
191-.,
4834
American Cement
Bell Telephone
Cambria Iron
III4
3034
III2
123,
11
*4G
Bid
52
31 5r
40 lu 45
-'48I4
PHILADELPHIA
52
JO
46 ii
94I2
52
31
52
52
31^8 32
4034
715s
4634
62 S2 62 12
94I2
103
Daily,
Sales
the
High
l,ov.<
•05
100
1281s J'ne'04
101
106
latest bid
;
Hiqh
Sep
Pliilnclelpliia
t3
9I2
391^
I8I4
Ask Low
or
100
seaboard (new)
100
Do Istpref
6212
100
Do 2a pret
16 United By & Electric. 50
*15ii,
4:
Baltimore
Consolidated Gas
Northern Central
!2!
*52
price Friday
CPor Bonds and Inactive
Pridan
*83ia 84
301-2
No
"
ACTIVE STOCKS
Thursday
Jan i
Wednesday
Tuesday
Year
1905
101
MS
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
Ranne
Last Sale
5
iboi^roi" 100
.
interest In addition to the purchase price for all Boston Bonds.
Philadelphia and Baltimore Stock
Week's
Kanye or
Jan
Bid
deben 58.. ..1910 J-J
Non-convert deben 58... 1913 A-O
la Falls <fe Sioux C Ist7s..l917 A-O
Kan C Clin & Spr 1st 58... 1925 A-O
Kan C Ft S <fc GuU 1 st 7s. 1908 J-D
1928 WIN
KanC Ft Scott & M 6s
1934
Kan C M <fc B gen 4s
1934 M-S
Assented income 58
Kan C <fe Ry cfe Br Ist 5sl929 A-O
KanCStJo&G B 1st 7s.. 1907 J-J
M.aine Cent cons 1st 7s.. .1912 A-O
1912 A-O
Cons 1st 4s
Maro Hough & Ont Ist Gs. 1925 A-O
Mexican Central cons 4s. .1911 J-J
Jan 1939 J'ly
Istcons uic3s
Jan 1939 J'ly
2d cons inc 3s
.Mich Telep cons os tr rec.1929 J-J
Jlinne Gen Elec con g 5s 1929 J-J
1929 F-A
New Eng Cot Yarn 5s
190G A-O
New EngTeleph6s
1907 A-O
Gs
1908 A-O
Gs
1915 A-O
5s
Now England cons g 58... 1945 J-J
1939 A-O
Boston Term l.st is
1924 FA
Old Colony gold 4s
(Jreg Ry & Nav con g4s..l94G J-D
1922 FA
(jreg Sh Line 1st g Gs
Repnb Valley Ist s f Gs...l919 J-J
Rutland l.st con gen 41^8.1941 J-J
Rutland-Canadian Ist4sl949 J-J
.Savannah Klec Ist cons 5s. 1 952 J-J
1930 FA
Seattle Elec 1st g 5s
1929 I -J
'icrrc Haute Elec g os
1918 M-S
Xorriugton 1st g 5s
Union PacRRcfelgrg4s.l947 J-J
1911 M-N
1st llenconv 4s
United Fruit conv gen 5s. 1911 M-S
U S Steel Corp 10-60 yr 5s. 19G3 :vi-N
1915 F-A
West End Street Ry 4s
1914
Gold4ii2S
1916 M-N
Gold debenture 4s
1917 F-A
Gold 4s
Western Teleph & Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley 1st 7s. .1909 J-J
M
IO314 104
Price
J'Yidav
Illinois Steel
MS
Feb '04
94
yy^ij
1915 WI-S
1927 M-S
4s
4s
Fremt Elk & Mo V
Unstamped 1st 68
Gt Nor C B & Q coll
.
.
lOG^Salfc
J.J
A[-S
983^
93i.i
101 's I)ec'05
Ui5-'*8Nov'05
10()-'bNov'05
91
J-J
19O0
101141011.2
Dec'02
99i2Sep'05
8 t
Eastern Ist gold 68
Fitcliburg 5s
'05
10()'4
W 1st 4s...
1940
58..194(: WI-N
Dominion Coal 1st
.
lOO^B.
FA
<fc Pass R Ist g 48. ..1943
1927
Current River 1st 5s
Oct
88
10718 Hep '05
101»4
102
93 w Dec 05
99-i.i Oct '05
100 J'ne'Ol
129 J'iie'05
lllisJ'Jy'05
90
90
109 May'(l5
M-N
M-S
Conn
DetGr
89
109
Ci-F
<fe
991210614
93 14 97 Og
S5'2 88
107 108
117 Feb '04
11212 Jan '03
112i3Dc<:'04
102 Sep '05
112
102
99'
A-O
A-O
M-N
gen 5s. ...1921
W Mich
Mont cons 4s.. 1920
96
l03'4May'05
J-D
<fe
Low High
99 't.
l()4'-2Apr'()0
Wl-}s
& No Mich Ist gni 58.1931
Concord
94
A-O
MU <& St P Dub D Gs.. 1920
M St P Wis V div ()sl92(i
Chic
High
941-2
110
1907 J-D
J-J
J-J
F-A
J-J
J-J
J-J
Liowell 4s
<&
4s
Sale
BOSTON STOCK EXCH'GE
Week Ending Sas 5
Year
nJU5
a;^
99=8
Ask Low
'id
Mange
Week's
Jianye or
Last Sale
Price
Friday
190S J-J
Am Bell Telenhone 48 4s.l92!>
J-J
coll tr
Am Telei) & Tel 1st
J-J
Am Writ Paper s oa g.1908 M-S
Boston
45
o
Boston Bond Record.
ct
Wold
1st 6g'lL J-J
5s. .1935. J-J
lOlia
110
112
111
II212 II312
94
95
114
108
114i
109
II7I2 120
—
n..
-
.
-
-
.
THE CHRONICLE.
46
[Vol. lxxxii.
luiTcstmcnt and iRailraad Intelligence.
RAILROAD GROSS EARNINGS.
The following table shows the s^ross earnings of every STEAM railroad from which regular weekly or monthly returns
I'he first two columns of figures give tlic gross earnings for the latest week or month, and the last two
can be obtained.
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns o} the street railways are brought together separately on a subsequent page.
period.
Latest Gross
Week
Roads.
Monlli.
Ala Gt Southern. See Southe
Ala N O <& Texa.- FaciHc.
N O & N Kast. 1st wk Dec
Ala & Vicksb'f; 1st wk Dec
Vick.sb
Sh & P
1st
wk Dec
October ._
Allegheny Valley
& S Fe
Atlanta & Char.
Atch Top
November.
October ..
October _.
Atlantic & Bir
Atl Coast Line..
Bait & Ann .S L.
Bait & Ohio
November.
October
..
November.
November.
Baiifjor & Aroost
Beileionte Central November.
Brirtgt & Saco R. October ._
Buff Roch & Pitts 4th wk Dec
Buffalo & Susq. November.
Cal Northw'n
November.
Canadian North 4th wk Dec
Canadian Pacific 4th wk Dec
Cent'l of Georgia 3(1 wk Dec
Cent'l of N Jersey November.
Chattan Southern .3d wk Dec
November.
Chesap & Ohio
Chic & Alton Ry. November.
(Jhic Gt Western- 3d wk Dec
Chic Ind & L'v._ 3d wk Dec
Chic Milw A'St P.
Chic & North VV..
Chic St P M & OChic Term Tr RR
Cin N O & T Pac.
CI Cin Ch & St L_
Peoria & East'n
h Col & South Sy.*;
October
E aminos.
Current
Year.
or
._
November.
November.
4th wk Dec
^ee South t
November.
November
4th wk Dec
Newb & Lau- October ..
October ..
Copper Range
November.
Cornwall
October
Cornwall & Leb..
. _
Denv & Rio Gr.. 4th wk Dec
Det & Mackinac. November.
Det Tol & Ir an.i
Ann Arbor Syst 3d wk Dec
DulSoSh& Atl.. 3d wk Dec
Col
rn
Ju'y 1
Freri'/un
Year.
to
Previous
Year.
Ry. S ystera be ow.
85,365
49,975
78,697
46,815
1,941,525
1,490,809
1,062,468
599,022
629,513
S,8S2
28,379,904
1,253,098
338,348
8,523,302
57,276
29,132,474
902,082
22,306
18,191
4,208,852
480,677
770,493
2,098,700
27,106,880
5,155,236
9,483,586
65,429
8,737,321
5,863,477
3,777,437
2,751,906
17,913,030
25,147,235
5,432,506
789,897
10,135,893
1,258,118
5,028,008
74,801
222,619
24,094
79,127
8,947,097
409,779
1,706.762
1,293,472
November. 4,411,220 4,002,222 21,621,519 19,998,633
4,235
2,479
10,523
i''airchild & N E. November,
15,235
Now Tide water * Western, which see.
FaiTTiville & Pow hattan
52.041
44,.584
357,058
Ton Johnst & Gl. November.
315,931
Ga South &
Fla.- See .Southe
Gr Trunk System 3d wk Dec
Gr Trunk West 2d wk Dec
Det Gr H & M. 2d wk Dec
Great Northern.. NovemberMontana Cent'l November.
Total system November.
Gulf&Ship Island 3d wk Dec
Hocking Valley. November.
Illinois Central.. November.
Illinois Southern. November.
Int & Gt North' 4th wk Dec
a Interoc (Mex).. 3d wk Dec
Iowa Central
4th wk Dec
Kanawha & Mich
Kan City South'n
Kove.'nber.
No\'i;r.iber_
250,228
rn Rv. S
752,623
99,719
27,573
4,995,094
244,989
5,240,083
39,960
587,995
4,458,061
33,640
187,000
107,056
95,957
180,442
677,876
3,074,556
40,683
Manistique
November.
3,883
Maryland & Penn November.
31,020
a Mexican Cent'l. November. 2,171,546
a Mexican Intern 3d wk Dec
129,302
Wk Dec 16 120,200
a Mexican Ry
o Mexican South 2d wk Dec
20,997
Millen <t Southw. October
6,847
3d wk Dec
Mineral Range
13,955
Minneap & St L_. 4th wk Dec
89,602
M St P & S St M_ 3d wk Dec 233,578
Mo Kan & Texas. 4th wk Dec 636,965
Mo Pac & Iron Mt 4tli wk Dec 1,436,000
Central Branch 4th wk Dec
63,000
Total..
4th wk Dec 1,499,000
..
&
S outhern S
234,358 1,203,676
ystem be! ow.
688,161 19,017,562
90,361 2,591,895
25,719
728,513
4,468,014 22,649,169
201 ,809 1,122,474
4,669.823 23,771,643
39,806
948,839
540,760 2,857,731
4,439,660 20,664,658
25.883
157,465
205,571 3,650,735
104,975 2,771,826
67,942 1,529,701
152,880
905,907
657,651 2,957,626
2,746,097 14,563,588
37,205
220,926
Inc. 25
1,097
77,249
380,329
1 1065 648 21,021,607
12,789
63,518
31,036
124,713
6,365
46,014
28,146
166,467
2,010,009 11,230,438
135,873 3,061,170
105,500 2,879,300
22,162
524,464
7,356
29,100
12,805
366,412
67,821 2,025,717
164,485 5,869,045
534,931 11,336,412
1,515,000 21,752,224
42,000 1,044,-535
1,,557. 000 22,796,759
ed in Colo rado
Lehigh Valley
Nove;iJjer.
Lexing & East'n. November.
October ..
Long Island
Inc. 12
Louisiana & Ark. November.
76,151
Louisv & Nashv. 4th wk Dec 1,0.39,170
Macon & Birm
November.
14,554
Manis & No East October . _
26,195
Mob^ack&KC. November
& Ohio... See Southe
NashCh & St L.. November
a Nat RR of Mex 3d wk Dec
ystem.
1,081 538
17,952 382
2,341, 295
70S, 577
19,713, 322
982 218
20,695, 640
901, 286
2.824, 706
21,377 500
124, 967
3,474 693
2,701 331
1,324 167
767 ,343
2,942 183
13,220 ,294
195 108
3.194
341 140
19,975 394
60 666
138 ,973
42 ,822
149 ,763
10,2.56 373
3,131 ,978
2,730 900
507 375
28 ,015
333 923
1,577 ,909
4,423 758
10,917 506
22,484 ,.509
848 192
23,332 ,701
. November.
Nevada Central.. October ..
Nev-Cal-Oregon
N Y C & Hud Riv November.
NY
NY
Ont
Susq
& West. November.
& West November.
&
West'n November.
Northern Central November.
Northern Pacific. November.
Ohio Riv & West. September
Pacific Coast Co. November.
Norfolk
rfPenn-EastP&E November.
dWe.st P & E. November.
Phila Bait & W'sh November.
Phila
Pittsb
&
Erie
C C &
Raleigh
&
St L
S'port.
Reading Railway
Coal & Iron Co
Total both Cos
Rich Fr'ksb & P.
Rio Grande Jet..
Rio Grande So
October ..
November.
November.
November.
November.
November.
October _.
October ._
3d wk Dec
Rock Lsland Sys. November.
Jos&Grlsl... October .
L & San Fran e November.
St
St
St
L
.Southwest.
Seaboard Air Line
Sierra Railway..
Southern Indiana
So Pacific Co.c__
Southern Ry Sys
Southern Rv..
Mobile & Oliio.
Cin NO & TexP
Ala Great Sou.
Ga South & Fla
Texas Central
Texas & Pacific.
Tex S V & N W
Tidewater & W'n
Tol & Ohio Cent.
4th wk Dec
October ..
October ..
November.
November.
Cur'nt Year Prev's Year
Inc. or Dec.
%
S
3rd week Sept (37
4th week Sept (37
1st week Oct
(39
2nd week Oct (39
3rd week Oct (38
4th week Oct (44
1st
week Nov (40
2nd week Nov (42
3rd week
4th week
Nov
Nov
(40
(43
week
2nd week
3rd week
4 th week
Dec
Dec
Dec
Dec
(41
(4 2
(41
1st
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roadsl..
roads).
(19 roJiils)..
8,663,273
12,3()8,234
8,941,774
9,430,786
9,434,892
14,510,876
8,331,329
9,780,290
8,514,190
11,899,965
8,643.551
8,965,878
9,292,845
14,096,129
7,777, 19,s
8,832,3.58
9,773,2;>9
9,031,44"
13.0.59,9l-S
12,2.53,008
9,011,601
8.310,626
8,343,843
7.417,834
8,382,732
9,125.014
9,3S6,.804
9.561,7S.S
+ 149.083
+ 468,269
+ 298,223
+ 464,908
+ 142,047
+ 414,747
+ 554,131
+ 947,932
-^ 74 1,850
+ 806,920
+ 667,758
+ 892,792
+ 1,004,072
+ 436,774
Previous
Year.
..
..
to
Latest Date.
Current
Year.
Previous
Year.
344,497
58,002
252,702
ysteni bel ow.
872,349
246,260
17,852
3,356
7,014,224
578,542
253,583
1,980,067
894,837
5,105,613
20,795
489,029
104.53 525
1,500
1,162,159
729,319
2,067,205
5,086
3,135,858
3,391,226
6,527,084
116,369
61,379
10,222
4.132,40g
115,135
3,610,405
277,741
1,205,468
4,366,974
6,103,653
117,7.53
4,327.190
5,296,460
109,345
e,8t>.5
17,169
39.159,953 35,206,470
3,430,497 3,114.945
1,181,498 1,074,519
11,612,635 9,791,686
4,696,214 4, .584,314
27,589,952 23,622,787
.5S,4S3
59,356
2,997,411 2,821.334
60,328,943 51,351,843
Inc. 3, 726,800
6,382,735 5,928,535
3,095,852 2,923,850
11,752,838 10,369.551
25,252
21,007
17,408,714 14,969,661
14,678,259 13,205,562
32,086,973 28,175,223
460,104
507,752
206,898
236,657
233,398
279,833
22,468,516 19,499,912
541,951
458,846
17,823,875 17,184,399
4,594,7.50 4,753,033
4,715,527 4,308,706
31,6.38
605,605
125,110
607,680
9,071,428 44,674,005 41,056,782
wk
wk
wk
wk
October
October
July 1
S
91,569
Ry. S
904,160
283,747
19,281
5,430
7,633,787
620,628
236,771
2,299,304
965,637
5,856,511
20,972
541,549
12580 725
Inc. 89
1,302,659
797,843
2,461,518
5,363
3,618,960
4.239,230
7,858,190
127,347
63,894
13,745
4,553,438
135,424
3,852,288
256,134
1,290,127
32,498
126,391
9,618,799
rn
Dec 1,421,611 1,350,268
Dec
154,682
146,729
Dec 148,924
127,467
Dec
69,730
68,006
November.
160,791
146,442
3d wk Dec
21.790
24,006
4th wk Dec
646,274
645,972
4th
3d
3d
3d
15.600
8,159
26, .532, 881 24,929,834
4,216,333
3,788,281
1,733,925
770,563
483,904
6,455,995
19,000
8,446
3,966,752
3,504,103
1,564,885
720,573
444,144
6,996,354
29 756
32,925
November. 365,276 374,753 1,871 420
Tol P& West
3d wk Dec
27,833
27,955
649, 912
TolStL&
3d wk Dec
75,790
66,906 2,011 866
Tor Ham & Buff. November.
63,102
305 688
58,221
Un Pac System. _ November. 6,109,535 5,719,798 30,241 885
Virginia & So W'n November.
402 246
77,691
47,503
Wabash
4th wk Dec
648,483
717,663 12.688, 643
,868,298
W
West'n Maryland October ..
W Jersey
&
Sea'e
November.
Wheeling & L E.
Wichita Valley..
W'msport & N Br
Wisconsin Central
Wrightsvl & Ten.
4th wk Dec
July
October
.
November
November
Yazoo & Miss Val November
383,5S'J
290,963
133,653
12,170
13,538
602,976
18,827
888,292
Various Fiscal Years.
Allegheny Valley
Atlanta & Charl Air Line
Atlantic & Birmingham
Bellefonte Central
C C & St Louis
Peoria & Eastern
Interoceanic of Mexico
CI
Manistee & North Eastern
Manistique
Maryland & Pennsylvania
a Mexican International
a Mexican Railway
a Mexican Southern
a Nat RR >'.f Mexico
ife
331,404
242,563
104,224
4,110
13,981
584,161
18,220
999,717
Period.
Jan
1
Mar
Dec
1
Jan
Jan
Jan
Jan
Jan
Jan
Mar
Jan
Jan
Jan
Jan
New York Central
Jan
Northern Central
Jan
d Penn— Ea.st of Pitts & E... Jan
rf West of Pitts & E
Jan
Phila Baltimore & Wash
Jan
Jan
Philadelphia & Erie
Pitts Cin Chic & St Louis
Jan
Dec
Rio Grande Junction
Texas & Pacific
Jan
West Jersey
Seashore
Jan
AGGREGATES OF GROSS EARNINGS—Weekly
Weekly Summaries.
Current
Year.
Mobile
Erie ._
FtW &DenvCitv Now includ
Georgia RR
November.
Week or
Month.
Roads.
b
4S,000
46,000 1,182,212
.540,248
29,000
28,000
476,552
26,000
29,000
t),245
Inc. 47
Inc
6,910,668 6,487,014 31,813,734
323,390 1,367,457
378,469
93,255
369,069
92,496
2,115,770 1,947,871 9,297,705
63,874
16,381
15,708
6,591,374 5,757,747 32,159,889
969,208
188,628
174,108
26,067
5,973
6,243
20,410
4,400
4,062
208,208 4,608,881
202,690
654,871
131,92(
101,082
138.625
856,530
115,558
130,800
115,200 2,693,200
1,774,000 1,513,000 31,330,794
218,000 5,526,645
234,400
2,078,076 1,840,004 10,716,091
2,649
2,771
63,164
2,033,482 1,719,680 9,816,326
1,043,404 1,154,332 5,173,459
173,981
145,311 4,340,621
105,690
92,228 2,969,282
5,598,603 5,015,610 19,283,582
5,636,92.': 4,833,951 27,841,378
1,254,120 1,099,203 5,848,502
40,649
37,283
860,059
rn Rv. S v?tem bel ow.
2,055,725 1,892,646 10,244,721
312,052
253 ,998 1,351,386
229,942 6,107,347
283,700
27,171
23,476
90,928
47,624
62,679
236,150
15,194
3,259
77.227
21,110
15 2,.386
36,216
476,100
426,600 10,113,108
96,186
81,147
445,089
Earmngs.
Latest Gross
Latest Date.
Current
Year.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Oct
Oct
Oct
Nov
Nov
Nov
Dec
Oct
Nov
Nov
Dec
Dec
Dec
Dec
Nov
Nov
Nov
Nov
Nov
Oct
Nov
Oct
Dec
Nov
642,806
,877,436
280,837
,551,121
247,803
,805,967
1,602 088
,372,534.
2,551, 532
2,893, 055
,287,632
,299,924
4.110
64,519
,999,441
12 170
67, 620
3,094 342
91, 525
2,959 878
85,078
,600,145
Current
Year.
Previous
Year.
Inc. S8
$2,611,686
957,178
55,547
20.475,744
2,658,290
6,003,542
361,822
87,609
277,557
6,303,651
5,989,500
1,144,370
12,273,998
78.349.516
9,692,308
122713 519
Inc. 7,00
13,452,646
6,740,944
24,291,763
547,693
12,102,981
4,384,084
98,636
$2,402,612
737,075
51,761
20,135,714
2,781,795
5,981,125
359,399
78,784
249,825
6,693,582
5,846,800
1,117,392
11,195,927
71,679,273
9,462,908
108047 419
8,000
12,501,246
6.394,513
21,987,711
514,784
12,433,147
4.063.084
and Monthly.
Monthly Summaries.
Cur'nt Year Prev. Year.
/nc. or Dec.
%
$
$
1904 (124 rds) 159,732,959 154,758,622 + 4,974.337 3.21
Oct
Nov 1904 (124 rdsl 154,304,117 140,909.476 + 13,394,641 9.51
Dec 1904 (123 rds> 146,748,102 136,889,640 + 9,858,462 7.20
Jan
1905 (116 rds) 127,073,058 119,220,078 + 7,852,980 6.58
Feb
1905 (117 rds) 113,714,500 117.252,135 —3,537,629 3.01
Mar 1905 (118 rds) 143.622.857 130.879,546 + 12.743,311 9.73
April 1905 (115 rds) 136,595,868 127,237,317
+ 9,3.58.551 7.35
May 1905 (lis rds) 144,103,256 129,712.739 + 14,390,517 11.09
June 1905 (104 rds) 125,942,575 114,845,032 + 11,097,543 9.66
July 1905 (115 rds) 143,6.58,287 130,328, .530 + 13,329,757 10.02
Aug 1905 (115 rds) 154,972,550 141,867,461 + 13,105.089 9.23
Sept 1905 (115 rds) 161,431,629 147,709,816 + 13,721,813 9.28
Oct 1905 (115 rds) 170,515,148 157,100,827 + 13,414,321 8.54
Nov 1905 ( 55 nls) 71.044,232 (>5, 109 .098 + 5,935,134 9.11
Month
Month
Month
Month
Month
1.53
2.94
Month
7.12
Month
10.73
Month
8.21
Month
6.58
Month
8.00
Month
12.03
Month
Month
11.96
Month
4.79
Pecatur to Ackerman
1.75
3.94
3.45
5.18
.Mexican currency,
b Figure-; mclude earnings of stations,
c Ininclusive, and also of Gulf & Chicago division.
cludpa the Houston & Texas Centra! and its subsuJiary lines in both years.
d Covers lines directly operated.
e Includes the Chicago & Eastern
Illinois 111 both years.
Includes earrangs ol Col. it .South.. Ft. Worth & Denver Citv and all aHiliated hnes.
k Atlanta Knoxville & Northern included in both years since .\pri! 1: it had previously been included in 1905 since Jan. 1.
n Includes earmngs of East. Div. of Tenn, Cent,
iroin Dec. 1 in 1905 only.
'I,
//
—
—
Jan. G
THE CHRONICLE
190().|
Latest Gross Earnings by Weeks.
—
In the table which
earnings for the fourth week
The table covers 19 roads and shows 4.79%
of December.
increase in the aggregate over tiie same week last year.
follows
we sum
U]) sej);u-alcly llie
Fourth week of December.
1905.
$
Buffalo Rochester
&
Pitts
Canadian Nortliern
Canadian Pacific
Cliicaso Terminal Transfer...
Sontlurn, incl.
Ft. Worth * Ueii. City
Denver & Kio Grande
International & Gt. Northern
Colorado
Iowa Central
S
$
5,518
15,600
261,000
3,36(i
646,274
64S,483
133,653
9,561,788
9,125,014
6.3
,000
256,134
1,421,611
Erie
Total (19 roads)
229,942
426,600
205,571
67,942
1,065,648
67,821
534,931
1,515,000
42,000
277,741
1,350,268
645,972
717,663
104,224
1,436,000
Southern Railway
Texas & Pacific
& Lake
283,700
476,100
187,000
95,957
1,039,170
89,(i02
63f),965
Central Branch
St Louis Southwestern
Wabash
Increaxe. Decrease.
S
208,208
115,200
1,513,000
37,283
<fe
Louisville & Nashville
Minn & St Louis
Mo Kan.sas <fc Texa.s
Mo Pacific & Iron Mt
Wheeling
202,690
130,800
1,774,000
40,649
1904.
Net increase (4.79%)
53,7,58
49 ,.500
18,571
'28,615
26,478
'21
1905.
$
Previously reported (37 roads)
Alabama Great Southern
Cin. New Orl <fc Tex Pac
Gulf & Ship Island
.
.
Texas Central
Total (41 roads)
Net increase (11.96%)
9,106,400
69,730
148,924
39,960
21,790
9,386,804
1904.
79,000
'21,606
'21
',607
'7l',.343
302
'Jurrent
Previous
Year.
Year.
Roads.
Southern Ry. Systetn
Nov 4 ,.597,838 4,208,706 1,371,035 1,274,573
Southern Ry.a
July 1 to Nov 30... 22 ,001,847 20,690,319 6,595,378 6,331,142
Mobile & Ohio. a
Nov
840,.559
762,022
337,152
288,251
July 1 to Nov 30... 3 ,737,952 3,526,509
1,229,375
1,204,555
TexPac.a.Nov
CinN O &
672,783
636,514
149,789
133,648
July 1 to Nov 30. . . 3 ,356,316 3,116,201
798,623
718,245
Ala Great South. a Nov
337,009
297,933
75,838
55,037
July 1 to Nov 30... 1 ,531,.551
1,368,948
315,202
258,981
Nov
Ga So & Fla.a
1()0,791
146.442
47,167
38,512
July 1 to Nov 30...
770,563
720,573
206,938
184,019
Nov 6 ,109,535 5,719,798 2,833,029 2,695,951
Union Pacific. a
July 1 to Nov 30... 30 ,241,885 26,551,121 14,572,698 12,769,076
Western Maryland. a. .Oct
383..580
331,404
7/112,642
V95,011
July 1 to Oct 31... 1 ,602,088
1,372, .534
?/493,161
?/533,454
Jer & Seashore, b. .Noy
290,063
242,563
def 5,790
29,510
Jan 1 to Nov 30... 4 ,384,084 4,063,084 1,294,205 1,071,405
Wrightsville & Tennille.b
Nov
«18,827
sl8,220
6,644
7,045
July 1 to Nov 30.-s91,525
s85,078
37,091
31,357
Yazoo & Mtss Val.a..Nov
888,292
999,717
222,157
432,318
2 ,959,878
July 1 to Nov 30
3,600,145
def\9,r.i7
1,047,480
69,180
'29,429
657,128
436,774
220,354
Increase. Decrease.
%
8,123,447 1,042,366
68,006
1,724
127,467
21,457
39,806
154
24,006
8,382,732 1,065,701
1,004,072
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
g These figures include results on the Buffalo & Allegheny Valley
Division in both years.
s
Includes $473 "other income" for November this year, against $404
and from July 1 to November 30 $2,181 this year, against $1,961
last year,
last year.
V These figures are in Mexican currency, convertible into gold at the
current rate of exchange.
y For October additional income and net profits from coal, &c., were
$100,585 this year, against 839,039 last year; and from July 1 to October 31 $216,579 this year, airainst $172,274 la't year.
59,413
2,216
61,629
—
Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below the.se charges:
—
Int., Rentals,
Current
Year.
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week.
A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Dec. 23 1905.
The
next will appear in the issue of Jan. 20 1905.
Roads.
Bang & Aroostook. b_ Nov
July 1 to Nov 30...
Nov
Buff & Susq.a
Gross Earn'gs
Current
Previous
Year.
Year.
$
$
188,628
174,108
Net Earnings
Current
Previous
Year.
Year.
$
69,557
391,689
50,213
246,602
307,067
1,624,362
234,563
1,277,686
$
62,364
349,597
28,821
172,700
404,999
2,186,995
243,887
1,112,480
969,208
902,082
131,926
101,082
July 1 to Nov 30--654,871
480,677
Nov 1,043,404 1,1.54,332
ChicaKO & Alton. a
July 1 to Nov 30-.- 5,173,459 5,863,477
782,204
707.421
Chic. Gt Western _b_. Nov
July 1 to Nov 30... 3,846,147 3,338,751
Colo & So System. a (Incl
Ft Worth & Den City &
all affiliated lines). .Nov 1,088,778
920,096
364,194
245,801
July 1 to Nov 30... 5,069,921
4,149,744 1,647,243
1,151,180
Cornwall -b
Nov
15,194
3,259
8,571
16
July 1 to Nov 30...
77,227
24,094
41.588
5,815
Denv & Rio Grande. b.Nov 1,757,425 1,580,405
720,960
689,311
July 1 to Nov 30... 8,535,508 7,534,397 3,468,102 3,201,326
Dul So Sh & Atl_b.._Nov
249,242
210,944
83,035
61,559
July 1 to Nov 30... 1,339,454
1,154,388
479,946
.397,604
Fairchild & N. East. b.Nov
2,479
4,235
1,357
1 .309
July 1 to Nov 30...
10,523
15,235
2,424
1,439
Illinois Central. a
Nov 4,458,061 4,4.39,660 1,613,744 1,595,638
July 1 to Nov 30
20,664,658 21,377,500 5,992,473 7,157,153
Kansas Cit.y Southern. a (including Terminal Business)
Nov
677.876
657,651
207,905
208,297
.luly 1 to Nov 30... 2,957.626
2,942,183
650,522
761,787
Lexinsrton & East_b..Nov
40,683
37,205
17,089
10,7.54
July 1 to Nov 30...
220,926
195,108
83,063
55,633
Louisville & Nash-b-.Nov 3,651,805
3,506,723
1,105.001
1,039.962
July 1 to Nov 30. .17,489,357 16,536,531
5,117,531
5,413,990
Maryland &Penna..-Nov
31,020
28,146
10,132
8,875
March 1 to Nov 30...
277,557
249,825
97.611
78,091
TiMexican Central
Nov 2,171.546 2,010,009
597,726
549,106
July 1 to Nov 30... 11, 230, 438 10,256,373 3,374.034 3,011,8.58
Mineral Range, b
Nov
65,119
.59,992
16,428
20,074
July 1 to Nov 30...
325,383
294,310
71.474
94,428
Minn St P & SSM.b..Nov 1,149,649
942.186
5.58,987
687,874
July 1 to Nov 30... 5,217,977 3,903,934 3,007,158 2,101,314
Nash. Chat. & St. L. b.Nov
904,160
872,349
201,589
206,097
July 1 to Nov 30... 4,366,974 4,327,190 1,012,314
1,228,651
Nevada Cal & Ore. a .Nov
19,281
17,852
9,833
7,922
July 1 to Nov 30
117,753
109,345
57,426
54,118
Norfolk & West.b
Nov 2,299,304 1,980,067
768,915
942,709
July 1 to Nov 30... 11,612,635 9,791,686 4, 648, ,504 4,023,612
Northern Central. b-- Nov
965,637
894,837
226,461
208.961
Jan 1 to Nov 30... 9,692,308 9,462,908 1,941,.539 2.334.039
PacificCoast Co a.
Nov .541, .549
489.029
105,794
119,748
July 1 to Nov 30... 2.997,411
2,821,334
610,875
726,737
Pennsylvania Lines directly oix-iatcd
ffEa.st of Pitts & E. .Novl2,.580,725 10,4.53,525
4,313,852 3,351 .052
.<7Jan
to Nov .30 ..122713519 108047,419 37,721,715 33,752.215
West uf Pitts & E.. Nov
Inc.
891, .500
Inc.
436,200
Jan 1 to Nov 30...
Inc. 7,008,000
Inc. 1,421.100
Phila Bait & Wa.sh. b.Nov 1,302,659
365, .549
1,162,1.59
429,549
Jan
to Nov 30. ..13,452,646 12, .501, 246
3, .580, 771
3,771,171
Rio Grande.South, b.. Nov
51.904
48,118
19,.586
27,757
July 1 to Nov 30...
242,5.50
98,004
202,185
102.318
Southern Pacific. a. .. Nov 9,618,799 9,07i,42s 3,615,995 3,380.456
July
to Nov 30. ..44, 674, 005 41,0.56,782 15,976.924 14.318.763
—
1
1
— Net Earnings
Gross Earn'gs
Current
Previous
Year.
Year.
W
',781
102,034
For the third week of December our final statement
covers 41 roads and shows 11.96% increase in the aggregate
over the same week last year.
Third week of December.
47
Roads.
Bangor &Aroo.stook.. Nov
July 1 to Nov 30...
Buff & Su.sq
Nov
July 1 to Nov 30..Cornwall
Nov
July 1 to Nov 30...
Denver
&
July
July
52.264
244,945
30,406
145,809
395
3,150
Rio Grande. Nov
3,54,540
1 to Nov 30... 1,742,852
&
.A.tl
1
to
Nov
Nov 30...
Penna...Nov
Maryland
March 1 to Nov 30...
Mineral Range
Nov
July 1 to Nov 30...
Na.sh Chatt & St L...N0V
July 1 to Nov 30...
Nevada Cal & Ore
Nov
July 1 to Nov 30
Norfolk* West
Nov
July 1 to Nov 30...
Rio Grande Southern. Nov
July 1 to Nov 30--Dul So Sh
$
86,641
433,205
6,833
37,499
9.447
47,232
149,590
748,326
<fc
2,141
10.709
334,515
1,676,008
17,733
90,680
d-c.
— —Bal.
Previous
Year.
$
of
Current
Year.
$
17,293
146,744
x29,165
48, .561
234,484
17,899
92,855
a:148,905
Year.
$
13,803
115,113
z26,309
.Tl53,848
8,176
38,438
nil
411
347,765
1,730,425
89,141
445,706
3,375
26,373
9,447
47,232
150,502
752.510
2,163
10,812
315,397
1,494,984
17,833
91,189
—
Net E'ngs.
Previous
16
5,404
rf366,420
rf344,036
,823.338 dl, 5,33, 360
rfl
2,480 J-(/ef26, 528
x51,061 xdef43,304
3,299
5,500
60,112
51,718
z7,162
xlO,777
a;25,201
x47,752
51,999
55,595
263,988
476,141
7,692
5,759
46,717
43,306
608,194
453,518
2,972,496 2,528,628
1,853
9,924
xl5,193
x9.839
a-def
d These figures are after allowing for other income and for discount
and exchange. The sum of $10,000 is deducted every month from
surplus and placed to the credit of Renewal Fund.
X After allowing for other income received.
Annual
ANNUAL REPORTS.
Reports. — All annual reports of steam
railroad.s,
and miscellaneous companies which have been
published during the last half of 1905 may be found by reference to the general inde.x of the "Chronicle," the annual reports being indicated in this inde.x by heavy-faced type.
street railways
American Ice Company.
(Report for the Fiscal Year ending Oct. 31 1905.)
report, dated Dec. 21 1905 and .signed by Wesley M.
President, and G. B. Johnson, Vice-President and
Treasurer, says in substance:
This report shows net earnings, after paying all fixed charges and ver.v
liberal expenditures for maintenance and improvement of i)roperties, of
The
Oler,
50%
increase over the earnings of the .year 1904.
The
was 315,000 tons, or 16%, while the sales in New
York alone, which constitutes 60% of our business, were increased
261,000 tons over last .year, or 23%.
The polic.y of the present management has been: (1) To get all of its
departments down to the lowest point of economy, consistent with good
and efficient oijeration. (2) To p\it all of the ])ropcrties, real and personal, into first-class physical condition, ,«o that the i)roduction of its
ice, both as to the natiual and manufactured article, could be had at a
minimum of cost. (3) To build up ils tonnage, .so that the d('liyer.v cost
per ton for handling it could be reduced to the lowest [lossilih^ point.
Practically all the increased earnings here sliow 11 have come through
this polic.v of economical i)roducti<>n and dcliver.v, as the price obtained
was less than last year. It has l)een thought wise that the profits .so
made shoidd be u.sed upon the properties, and the result has already
been demonstrated by tlie increased profits.
The ice-house prop(T(i(\s and manufacttuing plants have been repaired
and improxfd, and, wIkmi necessar.v, new ones l)uilt to meet the increa.sed
sales.
Tlie horses, of w hicli there were over 4,000 on Oct. 31 1905. are
in excellent condition, old and worn-out ones luniug been sold and new
The ice wagons, of which there lire ucarl.y
ones bought to replaci> them.
Stables have
3,000, 1ki\c all been thorouL-hly overhauled and I'aintel.
$487,084, or
total increase in sales
been itin)ro\cd, floating niuipinent in"i'it:)iM,>.|,
:•]
n rwMni 1.
electric ho!';(< v.l.r
1
;
'
and docks
ci'iiijped
with
—
-
THE CHRONICLE.
48
With the exception of some fiirtticv work on tlie Hudson River properties, the plants are in good order luul should show steadily increased
earnings.
While tlie progress of reliahilituling tlie company may have
seemed slow 1o waiting stockholders, it shonhl he rememl)ereil that this
management has only had charge for 20 inonilis, and could the stockholders see the changes that have been wrought in that sliort time, not
only in the physical side, but also in the esprit de corps pervading the
army of employees, they would feel, as the management does, that their
property is worth, as a going proposition, much more than our conservative statement indicates, and have good reason to l)elieve that
there are pos.sibilities in the future to justify the patience they have
shown. During that time a deficit of $170,922 has been changed to a
surplus of S829,372.
The following statement contrasts the results for the
year ending Oct. 31 1905 with those shown bv the report
for the ten months ending Oct. 31 1904 (See V. 79, p. 2745).
On inquiiy, however, we learn that the comparison is misleading for the reason that the earlier statement embraces
ten months' operation and the other a full year.
On the
ten months of 1903-04 the losing months of November and
December are not included. The net profits of the American
Ice Co. for the fiscal year of 1904 were $324,258, as will be
seen from the plan of reorganization in V. 80, p. 601, 602.
From now on the comparisons will cause no confusion, as
the fiscal year has been established as ending on Oct. 31.
E.A.RNINGS, EXPENSES AND CHARGES.
12 inos.
1904-05.
—
10 mos.
1903-04.
3,410,870 Rents
6,020,418
1,290,642
Rec. from sub. COS.
22,889
5,203,498 Maint.
1,095,346
57,285
Distrii'd as follows
6,298.844 Bond Interest
1.792,62S Int. on floating debt
Taxes and Insur
Gross earnings. -.1,313, 531
Net gain
Net profits
10 mos.
1903-04.
S
198,028
12 mox.
— 1904-05.
S
Earn. and exp.
S
Gross receipts
7,311,060
Less co.st ol mdse- -2,039,360
Less oper. exp
3,981,057
&
improv'ts
208,869
57,283
142,961
121,645
328,197
,39,244
120,052
112.980
136,607
858.956
606.911
454.575
32,509
545,720
19,732
1,152,6311
of subsidiary CO 's in excess of dividends
from same.
Od. 31
Oct. 31
Oct. 31
Oct. 31
1905.
1904.
1905.
1904.
Liabilities
S
$
$
S
Property account- 40,796,109 40,264,490 Preferred stock-. 14,920,200 14,920,200
Invest, securities . 2,513,011 2,472,269 Common stock. _ 23,871,100 23,871,100
Cash and notes
113,715
93,490 Bills payable
764,388
612,205
Loans
5,000
1,300 Underlving bonds. 1,559,050 1,559,050
Bonds and mtges.
26,705
26.805 Coll. trust bonds
Insiu-. premiums.
American Ice Co 1,970,000 1,970,000
16,908
20,174
Ice and coal
505,761
555.548 Real estate mtges.
508,461
576,537
Accts. receivable,
Ace. &c., payable
445,441
399.042
Assets
ice
—
—
and coal
890,803
848,854 Profit
Total
—V.
44,868.013 44,282,931
80, p. 1730, 1176.
&
829.372
loss (sur.)
Total
374,797
44,868,013 44,282,931
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
—
—
[Vol. lxxxii.
bonds are outstanding.
The capital is $500,000, all is.sued
par $100. Pres., W. E. PhiUips; Sec, H. S. Martin. Th
Dolese & Shepard Co., 184 La Salle St., Chicago, is interested.
The line is to extend from Western Ave., Chicago, southwesterly, via Willow Springs and Romeo, to Joliet, 111.,
with Hawthorn and Gary branches; total length of Une 54
miles, of which 15 miles at the northern end was recently
put in operation and the remaining 39 miles, under construction, was expected to be ready for passenger trains on or
about Jan. 1 1906. See map in "Official Guide." The
company's connections are:
Atchison Topeka
&
Santa Fe Ry. at Gary,
Relt Railway Co. of Chicago at Hawthorne,
111.;
and McCook, 111.;
& Ohio RR.
111.,
lialtimore
Chicago, 111.; Chicago Burhngton & Quincv Ry. at Hawthorne, 111.:
Chicago & North-Western Ry. at Chicago, 111.;" Chicago Junction Ry. and
('hicago Terminal Transfer RR. at McCook and Chicago, 111.; Chicago
Rock Island & Pacific Ry. at Chicago, 111.; Illinoi.s Central RR. at Hawthorne, 111.; Illinois Northern Ry. at Chicago, 111.; Indiana Harbor Ry. at
McCook, 111.; Lake Shore & Michigan Southern Ry., New York Chicago
& St. Louis RR., Pittsburgh Cincinnati Chicago & St. Louis Ry. and
Pere Marquette RR. at Chicago, 111.; Wisconsin Central Ry. at Hawthorne, 111.
at
Chicago Milwaukee
&
St.
Paul Ry.
—Report Premature. —
The
report, current this week, that the managers contemplate issuing the $25,000,000 of treasury stock as soon as
money market conditions become normal, in order to provide in part for the co.st of the Pacific extension, is pro-
nounced premature.
below.— V.
See also
81, p. 1847, 1791.
Kansas City Southern Ry.
—
Chicago Rock Island & Pacific Ry. Retirement from
Packing House Traffic. Third Vice-President W. B. Biddle,
in a letter which was published in the "Railway Age" of
Dec. 22, explains the company's retirement from the packing house traffic.
The facts in brief followSince the reduction of rates which was made on dressed meats and
—
packing house products several years ago by the Chicago Great Western,
the Rock Island has felt that there is "very little money in the traffic
at these figures."
Consequently with the approach of winter, the existing shortage of motive power and the difficulty in handling these products
with the rapidity and promptness required, the company, with the
consent of the packers, has decided to retire from the traffic temporarily
during the winter months. V. 81, p. 1791, 1664.
Chicago Southern Ry. Interest Paid. The interest due
Jan. 1 on the $4,000,000 coupon notes of 1905 w^as paid
at maturity through the Girard Trust Co. of Philadelphia.
These notes are secured by pledge of all of the $11,000,000
stock of the Southern Indiana Ry. (owned by John R.
Walsh) and by that company's guaranty of principal and
interest (see V. 81, p. 613, 725).
The Chicago financial
institutions controlled by Mr. Walsh, which were recently
placed in the charge of a committee of the Chicago Clearing
House (V. 81, p. 765) hold, it is said, as collateral or otherwise about $15,000,000 of securities of railroad and other
corporations in which Mr. Walsh is interested, including
obligations of the Litchfield & Madison, Wisconsin & Michigan and the Illinois Southern RR., as well as $47,000
bonds of the Southern Indiana and $778,000 coupon notes
of the Chicago Southern.
The Clearing House Committee
—
—
—
Arizona & Utah Ry. Receiver's Sale. This road, extending from McConnico to Chloride, Ariz., 22 miles, has been
sold by Receiver John Denair under a judgment amounting
to $452,000 obtained by the Atchison Topeka & Santa Fe,
which owns all the stock and bonds (see V. 81, p. 987).
V. 80, p. 1058.
has inspected the Southern Indiana and Chicago Southern
Atchison Topeka & Santa Fe Ry. New Officers. E. L. and is reported to be very favorably impressed with
Copeland has been elected Secretary and Treasurer to their condition and prospects. Negotiations are in progsucceed E. Wilder, deceased.— V. 81, p. 1790, 1375.
ress between the committee and three railroad systems
Augusta Union Station Co. Offering of Bonds with Interest which, it is understood, desire to purchase certain of the
Guaranteed Under Lease by Six Railroads. Potter, Choate & railroads subject to their bonds. The "Railway Age" of
Prentice are offering, at 98 and interest, by advertisement on Chicago says:
another page, the outstanding $225,000 first mortgage 50The failure of the Walsh financial institutions will not interfere with
year 4% gold bonds, dated Aug. 1 1903, due July 1 1953. the completion of this road, which is an extension of the Southern Indiana
from Terre Haute, Ind., to Chicago Heights, 111., 142 miles. The grading
Total issue authorized, $250,000. The company controls is practically completed, most of the bridges are in, the track is laid from
the passenger traffic of every railroad entering the city of Terre Haute to the Illinois State line, 28 miles, and about 50 miles of
Augusta, its terminals having been leased on Aug. 1 1903 track have been laid in Illinois from the State line north and from Chicago
Heights south. This leaves 04 miles of track to lay. Money has been
to the following roads for fifty years:
Southern Railway, provided
for paying the contractors, and it is announced that the road will
Atlantic Coast Line RR., the lessees of the Georgia RR. be pushed to completion as rapidly as possible. V. 81 p. 725.
(Louisville & Nashville RR.), Charleston & "Western CaroConnecticut Valley Street Ry. Bonds Offered. E. H.
lina Ry., Atlantic Coast Line RR., Central of Georgia Ry., Rollins & Sons, Boston, Chicago, Denver and San Francisco,
Augusta Southern RR. The annual rental is a sum equal are offering at 103 and interest $40,000 of this company's
to interest on the funded debt, operating expenses and divi- first mortgage
5% gold bonds issued under the Northampton
dends of 4% upon its capital stock, which is held equally by & Amherst Street Ry. mortgage dated Sept. 1 1900, being,
the Southern Ry., Atlantic Coast Line RR. and Georgia RR. it is stated, with $180,000 of the issue already outstanding,
The Station Company is operated independently of the a first mortgage on the N. & A. St. Ry., 16 miles; a first
lessees.— V. 79, p. 500.
mortgage on all property acquired since April 1 1905 by
Boston & Lowell RR. Refunding Bonds Authorized.— the consolidated companjr, and a consolidated mortgage on
The shareholders on Jan. 3 authorized the issue of $500,000 the property of the two other constituent companies. A
20-year bonds, to refund a like amount of 4%s maturing circular says in part:
—
—
—
—
—
—
,
—
—
Nov.
1
next.— See V.
81, p. 1847.
—
—
Chicago Cincinnati & Louisville RR. Interest Payment.
The interest due Jan. 1 on the $2,796,000 of 4i^% general
and refunding bonds was paid in Boston by the American
Loan & Trust Company, the trustee under the mortgage.
Funds for payment of the interest on the bonds are believed to have been provided by William A. Bradford, Jr.,
the President of the company, and tlie interests allied with
him. See also Pere Marquette RR. below. V. 81, p. 1790,
—
1722.
Chicago
Guaranty.
&
—
Eastern Illinois RR. Decision as to Traffic
St. Louis & San Francisco RR. below.
V.
— See
81, p. 1664, 1436.
—
—
—
Chicago & Illinois Western RR. Mortgage. This company has made a mortgage to the American Trust & Savings
Bank
5%
of Chicago, trustee, to secure an issue of $500,000
gold bonds of $1,000 each, dated July 1 1905 and due July
1 1945, but subject to call after three years at par; interest
payable January and July at office of trustee. All these
Bonds: Greenfield
stock,
Capital
$500,000.
Capitalization:
&
first mortgage 5s, June 1916, $86,000, and cons. 5s,
June 1923, $44,000; Greenfield Deerfield & Northampton St. Ry. first
mortgage 5s, July 192:5, $150,000: Northampton & Amherst St. Ry.
first mortgage 5s, Sept. 1920, $180,000: Connecticut Valley St. Ry. Co.
first mortgage 5s, Sept. 1920, 840,000; total bonds issued, $500,000.
The proceeds of these .$40,000 bonds are to be partially used to pay for
the cost of a nev\- high-tension transmission line from Greenfield to
Hadley and the installation of a new power station, which, when completed, will enable the company to operate its entire system by power
The result of this new high-tension line and water
furnished from water.
plant will be a saving of about $12,000 per year in the cost of power.
The company also owns duplicate steam plants. Serves the towns of
Montague, Greenfield, Deerfield, Whately. Hatfield, Hadley, Amherst
and the city of Northampton, Mass., with a population of about 50,000,
Turners Falls St. Rv.
together with a considcMalile tributary population.
Earnings and expenses for the six months ending Sept. 30 1905: Gross
earnings, .$94,556; oi)erating expenses. $60,474; net earnings, $34,082;
bond and other interest, $15,604; surplus, $18,478. V. 80, p. 1111.
—
—
—
Delaware & Hudson Co. Dividend Rate for 1906. The
managers have declared a dividend of 7% on the stock for
the year 1906. payable in four quarterlj- instalments, the
payable March 15. This is the same rate as for the past
five years.— V. 81. p. 1848. 1610.
first
Jan.
190(1.1
(J
Denver Northwestern
—
&
Pacific
THE CHRONICLE.
Ry. — Annual Meeting — never been distributed
Diredors.
At the annual meeting held at Denver on Dec. 21
the company's officers were authorized to let a contract for
grading 40 miles west from Kremmling, carrying the line
The
througli the Gore Canyon to Tonopas, Egeria Park.
officers
and directors as re-elected
are:
— David
H. Moffat, President First National Bank; Walter
S. Cheesman, President Denver Union Water Co.; William G. Evans,
City
Tnuuway Co.; Thomas Keely, Vice-President
President Denver
First National Bank; Samuel M. Perry, President Leyden Coal Co.;
Cliarles J. Hughes Jr., Frank B. Gibson, Vice-President and Treasurer
Directors
International Trust Co.
President, D. H. Moffat; Vice-President, W. G. Evans; Trea.surer,
Thomas Keijly; Secretary, Frank B. Gibson; General Manager, W. A.
Deuel.— V. si, p. 1665. 1.31.5.
—
&
—
Quito Ry. New Bonds. The London Stock
Exchange has hslc-d $120,000 additional first mortgage gold
bonds Nos. 10,948 to 11,007.— V. 81, p. 16G5.
Consolidation.
Jacksonville (111.) Railway & Light Co.
This company ^vas recently incorporated under the laws of
Maine with $500,000 authorized capital stock, as a consolidation of the Jacksonville (111.) Railway Co. and JacksonThe details of the bond issue of
ville Gas Light & Coke Co.
the new company have not yet been arranged, but it is proposed to retire the bonds of the old company as fast as thej^
can be taken up. President, W. B. McKinley; Vice-President and Manager, L. E. Fischer; Secretary and Treasurer,
G. M. Mattis.— V. 80, p. 2219.
Hudson Valley Ry. Reorganization Plan. Under date
of Dec. 20 1905 a committee consisting of John W. Herbert,
Chairman; James H. Caldwell, E. Clarence Jones, and
Frederick J. Lisman, with John A. O'Brien as Secretary
and the Knickerbocker Trust Co., of New York and the
Detroit Trust Co., of Troy, as depositories, have prepared
a plan of reorganization with a view to the readjustment of
the company's finances without the expense and delay
Full particulars will be given
involved by foreclosure.
another week.— V 81, p. 172.3, 975.
Indianapolis & Northwestern Traction Co. Bonds Offered.
E. H. Rollins & Sons are offering at 98 and interest
$500,000 first mortgage 5% gold bonds, dated March 1
Compare
1903, being part of the $2,470,000 outstanding.
V. 80, p. 2457 —V. 81, p. 975.
Interborough Rapid Transit Co., New York. Increase in
Wages. The company on Jan. 1 increased the wages of
the men employed on the elevated and subway systems.
(See details in "Evening Post" of Dec. 30. p. 3.)— V. 81,
Guayaquil
—
—
—
—
—
—
—
—
p. 1848, 1791.
Kanawha & Michigan Ry. — Coal
Lands.
— George
D.
Mackay, No. 16 Nassau St., New^ York, Chairman of the
minority stockholders' committee, has sent out a circular
stating that the company owns something over 8,000 acres
"of what is reliably supposed to be coal land," situated in
Raleigh County, West Virginia. These lands are heldfin
trust by Charles D. Hickock for the railway, which makes
no mention of them in its annual report. V. 81, p. 1665,
—
1171.
Xotes
City Southern Ry. — Authorization
—Rumors.
— The meeting of the stockholders, which
Kansas
Delayed.
was
of
to be held Feb.
notes to provide for
and cannot
5%
to authorize $5,100,000 of 6-year
improvements, was not actually called
be held for sometime to come, as sixty days'
be given to the shareholders. Respecting the
1
notice must
persistent reports that the Chicago Milwaukee & St. Paul
interests have been acquiring a large block of the stock.
President Earling of the St. Paul is quoted as saj'ing: "I
am not sure that we want that road." V. 81, p. 1791, 1723.
—
—
Knoxville (Tenn.) Railway & Light Co. First Dividend.
A first dividend on the preferred stock at the rate of 6%
per annum, covering the period from Sept. 17 1905 to Jan.
1 1906 has been declared, payable Jan. 15 to holders of record
Dec. 31.— V. 81, p. 1665, 1044.
Louisiana & Northwest RR. Neiv Officers. The control
has changed hands. The'following officers are announced:
—
—
—
John J. Nelson, President, St. Louis; Hus,'h C. Brown, Vice-President, MaKnolia, Ark.; George W. Hunter, Treasurer, St. Louis: John A.
Richardson, Secretary and General .\ttorney. Homer, La. V. 73, p. 9.57.
—
Muskegon (Mich.) Traction & Lighting Co. — Change in
Control. — See American Light & Traction Co. above. — V. 81,
1724.
Ottumwa Railway & Light Co. — Successor Company —
^
p.
H. M. Byllesby & Co., of Chicago, who recently purchased
control of the "Ottumwa Traction & Light Co., have caused
the incorporation of this company with an authorized capital
stock of $1,,500 ,000, divided into $500,000 of prc'ferred
stocTv and $1,000,000 of common stock, both of the par value
of $100 for each share of stock, to take over the property
and to build extensions. The company's principal place
of business is at Wilmington, Del., and its papers were filed
with the Secretary of State of Iowa on Dec. 16 1905.
The
incorporators are: Harry W. Davis, of Wilmington, Del.;
John J. O'Brien, Robert J. Graff. James S. Cummins and
Isaac Milkewich, all of Chicago, 111.
49
(see C. C. & L. in V. 81, p. 1722),
nor have the proposed joint bonds of the C. H. & D. and
the Pere Marquette been issued in their stead.
The January
dividends on the stock of the Pere Marciuetto also, of course,
remain unpaid.
Notice to Shareholders.
The holders of more than a
majority of the outstanding preferred stock and the holders
of a large aumont of the common stock have deposited their
shares under the agreement of Dec. 7 1905, and the protective committee announces that further deposits will be
received, without penalty, on or before Jan. 20 at the Old
Colony Trust Co., Boston, or the Manhattan Trust Co.,
New York.— See V. 81, p. 1849, 1793.
—
—
Rapid Transit in New York City. Decisions Sustaining
The Appellate Division of the
Transfer of Franchise Power.
Supreme Court for the First Department, in the actions
brought by Clermont H. Wilson and Franklin Pettit, on
Dec. 30, by unanimous vote, affirmed the decisions of Justice
Blanchard rendered in June last, which held to be constitutional the law transferring the power of granting franchises
from the Board of Aldermen to the Board of Estimate and
Apportionment. Justice Laughlin wrote the opinions
Compare V. 81, p. 265, 212, 32.
—
—
—
Rock Island Co. of New Jersey. Formal Action Omitting
Dividend.
The directors on Thursday formally decided to
omit the ciuarterly dividend which has been paid regularly
at the rate of 4% per annum since Feb. 1903.
This action
was foreshadowed last December, when the subsidiary
Chicago Rock Island & Pacific Ry., which in 1904 paid
dividends aggregating 81^% declared a dividend of 1J^%,
payable from the earnings of five months (see V. 81 p
1793)— V. 81, p. 1793, 1724.
—
—
San Francisco Oakland & San Jose Ry. Additional Bonds
Authorized.
The shareholders on Dec. 23 duly authorized
the issue of $1,500,000 of
bonds to provide for extensions
and general improvements.
Of the stock of the company, the Realty Syndicate voted 23,150 shares
and F. C. Havens 12.300 and F. M. Smith 6,000 in favor of the proposition, the total number of shares represented and voting for the is.sue
beins stated as 46,000.— V. 81, p. 1493, 1316.
—
6%
—
—
—
Southern Indiana Ry. Status. See Chicago Southern
Ry. above.— V. 81, p. 1547, 1494.
Southern Pacific RR. Guaranty.
The first refunding
mortgage bonds dated 1905, due Jan. 1, 1955, total authorized issue $160,000,000, bear the following endorsement:
—
For value received, the Southern Pacific Co. unconditionally guarantees
to the owner of the within bond the punctual payment of the principal
and interest thereof as the same mature, and agrees it.self punctually to
pay the said principal and interest if default in the payment thereof be
made by the Southern Pacific RR. Co. To the end that the principal and
interest of the said bond shall be paid without deduction for any tax or
taxes which the Southern Pacific RR. Co. may be required to pay thereon,
or to retain therefrom under any present or future law of the United States
or of any State, county or municipality therein, the Southern Pacific Co.
hereby agrees to pay any such tax or taxes in so far as the same shall not
be paid by the Southern Pacific RR. Co. In witness whereof, the said
Southern Pacific Co. has caused these presents to be signed by its President or one of its Vice-Presidents, and its corporate seal to be hereunto
aflBxed and to be attested by its Secretary or an Assistant Secretary asof
Jan. 3 1905.
(Signed.)
See V. SI, p. 778. 156.
—
&
—
San Francisco RR. Decision. Justice Truax
St. Louis
in the Supreme Court in this city on Jan. 2 decided in favor
of Gustav E. Kissel and Susan Raumer, as holders of trust
certificates issued for Chicago & Eastern Illinois stock, the
action brought to set aside as illegal the traffic agreement
dated Apr. 14 1904 between the Chicago & Eastern Illinois,
Louis & San Francisco and the St. Louis
St.
Memphis & Southeastern RR., per plan V. 78. p. 1908,
providing for the issue of $5,000,000 'Frisco notes and
$16,000,000 St. Louis Memphis & Southeastern bonds. The
Court holds that the agreement of Oct. 1 1902, under which
the trust certificates were issued, in effect mortgaged the
property of the Eastern Illinois for the benefit of the certificate holders, and that the agreement of April 14 1904 is
illegal because it impairs the A'alue of the security under the
earlier agreement. An appeal will be taken. Compare V. 79,
the
104.— V. 81, p. 1666, 1551.
Springfield South Charleston Washington Court House
Chillicothe Traction Co.
Sale.
At the receiver's sale on
Dec. 28 the property was bid in for $66,000 by George W.
Baker, of Waverly, and Theodore Troupe, of Springfield,
Ohio, representing the reorganization committee.
V. 81,
p. 1666, 1242.
p.
—
&
—
—
—
—
Toledo Railway & Terminal Co. Default. The interest
due Jan. 1 on the $3,500,000 4 3^% bonds was not paid at
maturity and on Jan. 3 Judson Harmon of Cincinnati,
receiver for the Cincinnati Hamilton & Dayton and Pere
Marc|uette systems, was appointed receiver for the Toledo
Company by Judge H. H. Lurton of the United States
Circuit Court.
On Saturday last new officers representing
J. P. Morgan & Co. were elected, George W. Perkins being
m.ade President.— V. 80, p. 2346, 164.
Underground Electric Railways of London. Xetv Chairman. At a meeting of the Board of Directors held in London
on Jan. 3 resolutions wow adopted expressing regret on
Pere Marquette RR.—Defaidt on Collateral Trust Bonds.— account of the death of Charles T. Yerkes, formerly at the
The interest due Jan. 1 on the $3,500,000 of 4% 10-year head of the system. Edgar Speyer, of the firm of Speyer
collateral trust bonds secured by deposit of the $4,206,000 Brothers, was elected Chairman of the Underground Railstock of the Chicago Cincinnati & Louisville was not paid way System, and Sir George Gibb, heretofore General
at maturity on Jan 1.
These bonds, which are guaranteed Manager of the North Eastern Railway, was made Deputy
by the C. H. & D. (V. 80, p. 163, V. 79, p. 2696). have Chairman and Managing Director. Mr. Edgar Speyer will
—
—
'
—
THE CHRONICLE.
;o
havo charge of the gonoral financial interests of the coinj^any,
and Sir George (iibb will have charge of the works and
operations.— \'.
H]
p.
,
iSfiO,
Westmoreland County
1372.
(Electric)
company organized
Ry.— Mortgage. —This
last year with $500,000 capital stock,
$50 shan>s, all issued, has also outstanding $250,000 of
5% gold bonds dated March 1 1905 and due March 1 1935
without option of earlier redemption, interest payable
March 1 and Sei)t. 1 at East End Savings & Trust Co.,
trustee, of Pittsburgh.
The company was formed by consolidation of the Bradenville & Derry Street Ry. and the
Blairsville <t Derry Street Ry., and operates 7 miles of track
with four cars. President, Joseph Keeling; Secretary, A. P.
Meyer; office, Bakewell Building, Pittsburgh.— V. 80, p. 1176.
111
West Penn Rys.—First Dividend.— An initial ("quarterly")
dividend of 114% has been declared on the preferred stock,
payable Feb. 1 to stockholders of record Jan. 27.— V. 81
INDUSTRIAL, GAS AND MISCELLANEOUS.
—
Net earnings, $559,461; dividends on
pref. stock, interest on bonds,
miscellaneous expenses, .52.35,484; balance (surplus),
12.9 on the common stock.
Quick assets
f^^?'-^^''' current liabilities, $181,097; net quick assets,
^i'L i!io^^°V?.'»7.3.3,268.
With the new furnace, which will soon be completed, it is
*'^'' '°*"' output during the present fiscal
year will be about
^^k"^^I^"
200,000 tons of pig iron and 750,000 to 800,000 tons of coal
There
are also building 150 coke ovens, which will give a total of
915 ovens
Ihe company sold very little iron ahead during the period of low prices
last fall, and is reaping the benefit.
V. SO, i). 2400.
*"''
—
—
—
—
Reincorporation.
The shareholders will vote at Trenton,
J., on Jan. 16 on a proposition to reincorporate the
company under the laws of Ma.ssachusetts, the capitalization
remaning unchanged. V. 81, p. 1176, 509.
American Ice Securities Co. Operations. See report of
American Ice Co. on preceding page. V. 81, p. 32. 29.
Traction
—
Co.— .Vctc
tary,
—
'
I
—
—
—
.\.
Clark;
Treasurer,
James H. Post.
— Negotiations. — President
E. T. Bedford of the New York Glucose Co. is quoted bj'^ "The Journal of Commerce & Commercial Bulletin" as follows:
"Representatives of the Corn Products Co. and the New York Glucose
Company hive liad merger plans under consideration for some time.
Conferenc'es have been held, and certain terms have been mutually
agreed upan.
Everything is now practicallv ready for submission to the
stockholders, but, of course, there is no telling what they may have rj
say on tlie subject. The chief obstacle, of course, has been tlie exc :•sive capitalization of the Corn I^roducts Co., and it will be difficult t
form a reorganization without liaving it pretty heavily capitalize.:.
However, the directors have been able to adjust difficulties, and t!:iplans will certainly be laid before the stockhoUiers."
>
j
—
American Water Works & Guarantee Co. of Pittsburgh.
Guaranteed Bonds. Sec Huntington Water Co below
V. 81, p. 1851, 1794.
Bell Telephone Co. of Buffalo.— A' ew SfocA-.— Shareholders
of record Dec. 21 1905 are oflVrcd the privilege of subscribing
at par until 3 p. m. Jan. 20 1906 for $1,210,000 new stock
to the extent of one share for every five shares of their respec-
Henry
Corn Products Co.
Stock.
Shareholders of record Jan. 10 are offered the privilege of subscribing
at par until 3 p.m. Jan. 25, at the company's office
No. 40 Wall St., for $179,725 new common and $539 175
new preferred stock, at the rateof$1.25of common and $.3.75
of preferred (together, not separately) for each share of
stock now owned.
Subscriptions are payable on Feb. 5.
Acquisitions.
The company, it is announced, has 'acquired control by purchase of practically all of the capital
stock of the Lacomb Electric Co. of Denver (V. 74, p. 7,59)
and the Musekgon Traction & Lighting Co. of Mnske"-on
Mich.- V. 81, p. 263, 560.
—
—
-
said:
N.
&
to
175,000 acres of land, a factory, dwellings, 50 miles of
Capitalization and officers:
railroad, rolling stock, etc.
Capital stock authorize<l, $5,000,000, all of one class; outstandiiu-.
First mortgage 6% gold bonds autiio
$3,750,000; par of shares, $100.
ized and Lssued, $1,000,000; dated July 1 1901, due July 1 1911, l)i;i
subject to call on any interest dav at 110; denomination $1,000; intere-r
payal)le Jan. 1 and July 1 at office of company in New York; sinkiirr
fund cumulative 10% per annum, out of net profits, beginning Julv 1
President. R. B. Hawley; Secre1903 until 50% has been set aside.
said to be larger than any correspondf'™^'' ^"'' ^°s^ surplus, $717,458, an increase for the year
"!''' IL^^P^"^^'
of $60,849, after payment of the regular semi-annual
dividends on
preferred and cjnunon stock.
American Light
—Reorganization. —
London on Dec. 28
Chaparra (Cuba) Sugar Co. Status. This company.
which was organized under the laws of New Jersey on
Oct. 18 1899, is engaged in cultivating sugar-cane, and manufacturing sugar, etc., at Chaparra, Cuba, where it owns
is
—
in
4%
—Semi-Annual Statement. — The report
—
meet
—
—
it is
to
Voluntary liquidation, to sanction calls amounting to £2 10s. per
.share, and the division of the purchase consideration as follows:
Ever.v £10 preference stock to receive £12 os. income bonds and one fullypaid ordinary share; every £10 ordinary share in respect of which the calls
of £2 10s. have been paid to receive one ordinarj- share, and for evei>'
£10 of calls so paid £10 income bonds to be allotted. See Car Tru>t
Realization Co. below and compare plan in V. 81, p. 157, 213.
Car Trust Realization Co., London. Securities Offered.
The business and assets of the Car Trust Investment Co. cf
London having been acquired by the Realization Co. (see
plan in V. 81, p. 213, 157), the new company recently offered an issue of £250,000
redeemable debenture .stock
to the holders of debenture stock of the Investment Company
at 99%, payable 10% on application and 89% on allotment.
Debenture stock certificates of the Investment Co. were accepted as payment in full. Interest will be payable July I
and Jan. 1. Also see Car Trust Investment Co. above.
Net
.ill
Mnint.
—Dividend!^—
Balance
Income.
Int.
& Dcprec. Pref. 7%
Common Sitrvhif
1904-05__. $803,043 $59,179 $114,915 $117 210 (4%)
$.54T67' $4^8 272
1903-04
729.925 42,505
83,962
92,.346 (2%) 24;034
487 578
From the annual surplus as above, there was carried to reserve account
for depreciation, etc., the $lfi0.non in 1104-05 and $280,000
in 190.3-04
total surplus as of Oct. 1 1905, $1,027,754.
V. 81, p. 669.
Nov. 30 shows,
Authorize Sale and Liqui-
ordinary
iear.
Co.
— To
authorize
preferred stock.]
Report.— For years ending Sept. 30-
American Glue
Co.
Car Trust Investment Co., London.
The shareholders were
Fi.scal
for the six months ending
Net earnings, $128,825, which
.
80, p. 2395.
—
Ml Par of Shares.
Stock.
In view of "the continued rapid growth
of the busine.ss," which "makes a furtherincrea.se of capital
desirable," the same to be hereafter i.ssued as needed under
authority of the Board of Directors, the shareholders will
vote Jan. 8 on the following propositions:
To change the par value of the shares of the capital stock from
^\i}^
S 10 per share to $100 per share; (2) to increase the authorized capital
S5. 000,000, which consists of $2,500,000 preferred and
«,°r^^'^^',^"
32,500,000 common stock, to $10,000,000, to consist of $2,500 000
preferred stock and $7, .500, 000 common stock; (3) to authorize the
sale
below par b.v the directors of the whole or any part ofi the authorized
common stock remaining unissued, including said $5,000,000
additional
shares of common stock; (4) to amend the by-laws so that the company
shall be managed by a board of seventeen directors, of whom seven
shall
[On Sept. .30, 1905 there was outstanding$l,^ quorum.
o'nS^AUA"^common
802,000
stock and $2,047,890 7% preferred; also $395,100
debentures aiul coupon notes convertible at option of holders into
—
—V.
Bon Air Coal & Iron
The company has paid divi6% per annum since December
American Graphophone Co.— C/iangre
.
dation.
The shareholders will vote Jan. 16 on a proposition
to .sell the properties and good will, liciuidate the company
and distribute the net proceeds of sale among the stockEastern
holders in proportion to their respective rights.
capitalists it is said, have an option on the properties expiring on or before Feb. 21 1906.— V. 81, p. 666.
1892. Present capital stock authorized, $2, ,500 ,000- outstanding, $1,000,000.
The net earnings of the subsidiary
companies in 1905 aggregated nearly $317,000, as against
$253,475 in 1904. Morris W. Stroud is President —See
V. 80, p. 1113.
New Common
Gross
Net
Divi.
Deprec. Balance Number
Period Covered. Earnings Earnings
a"/,.
Ctiarge. Surplus. Stations.
1905(11 mos.)^81, 279, 136 $,504,743 $332,750 8171,993
43.812
1904 (12 mos.). 1,239,212 455,.541 327,918 127,623
36,611
1903 (12 mos.J. 1,086,469 443,346 325,144 101,731 $16,471 29,863
"Dividends at the present rate of C)% per annum have been paid uninterrui)tedly for over twenty-four years.
It has In^en the cu.stom of
the company to charge off to 'deiireciation' all surplus earnings over
and above tlie amount necessary for dividends. The population of the
territory .served, comprising seven northwestern counties of New York
State, was by the Census of 1900 about 858,000 and now exceeds 900,000."
impervious to acids, alkalies, ga.ses, atmospheric clianges and electroCompany has outstanding no bonds, notes, discounts,
tiills payable, or other indebtedness, beyond its weekly current expenses,
and will pay its quarterly dividend on the preferred stock on Jan. 1 1906,
out of net earnings, and is earning a dividend on its common stock.
Directors: Norman Harsell, President; J. C. Blanch, Vice-President and
General Manager; C. S. Drummond, London, England; Benjamin B.
Tilt, New York and Paterson, N. J.; Philip K. Green, .Jersej' City Heights.
N. J.; Western Bascom, .St. Louis. Mo.
,
dends regularly at the rate of
—
lytic influences.
Stock.
Bioren &
issue of $700,000
of additional stock, which will be offered to stockholders at
par, probably next week, subscriptions to be payable optionally either in full at once or in three instalments the final
4.
make
Manufacturer of Blanchite preservative paints, composition coatings,
decorative enamels, coldwater paints, flat and gloss white oxides, etc.
Owns the contents of three factories, new and automatic machinery, materials, tools, supplies, etc., all now contained in the new five-.story and
basement brick factory Nos. 139, 141 and 143 Charles St., New York City.
Also all secret processes, formulars and trade marks; also all the valuable
rights to Europe, Canada and South America.
A paying business establishment located at 23 St. Mary's Ave., London, England.
Total cost
of above about $1 ,000,000.
The Blanchite paints contain no lead and are
»o^o^^5,'!,*^'°."
».iLM,977,
being equal to
payment being due June
will
New Yor]s..— Stock Offered.— This company, which was recently incorporated in Maine with $4,350,000 authorized capital stock, of which $1.50,000 is 7%
non-cumulative preferred, is offering for public subscription
$50,000 of its preferred stock at $26.25 per share (par $25)
and $500,000 common stock at $25 per share, par $100. An
advertisement says:
Alabama Consolidated Coal & Iron Co. Report, Etc.—
The following facts are furnished fnmi the forthcoming
report of this company (the control of which is owned by the
International Power Co.) for the year ending Oct. 31 1905:
—
holdings, subscriptions payable Feb. 20 1906.
This
the total stock $7,260,000; no bonds.
Earnings. The earnings for the eleven months ending
Nov. .30 1905 compare with the entire 12 months of 1904
and 1903 as follows:
tive
Blanchite Co. Ltd.,
p. 1611.
American Gas Co. Philadelphia.— .Vew;
Co., Philadelphia, have underwritten an
[Vol. Lxxxii.
I
'
:
'
j
'
I
'
Mr. Bedford, representing the Standard Oil interests, is
generally expected to be at the head of the new corporation.
Compare V. 81, p. 1852, 1313.
Cuban-American Sugar Co.
— Status. — This
company.
New Jersey on July 26
incorporated under the laws of
1899, owns in fee 10,000 acres of land, 23 miles of railroad,
a sugar factory, dwellings, etc, at Perico, Province of
Matanzas, Cuba, and is engaged in cultivating sugar-cane
and
manufacturing
sugar,
etc.
Its
capitalization
and
officers are as follows:
Stock, all common, $1,500,000 authorized, 31,375.000 outstanding:
par of shares, $100. Si:< per cent gold bonds dated Ai)ril 1 1900 and
due April 1 1010, .$500,000 authorized and i.ssued, secured by first
mortgage to Central Trust Co. of New York, trustee; denomination,
$1,000; interest payal>!e April 1 and Oct. 1 at office of company in New
1
—
Jan,
THE CHRONICLE.
1<)0(J
()
—
—
—
On Dec. 30 the subsidiary, the Boston
Consolidated Gas Co.
Consolidated Gas Co., paid a first semi-annual diviflend of
4%, amounting to $604,984, of which the Ma,ssachusetts
Gas Companies receives $604,424 and other holders of the
company's stock, $560.— V. 81, p. 1173, 562.
Nemours Powder Co. Bonds. The
vote at Hobokon, N. J., .Jan. 30 on authorizing tho is.suo of bonds to tlie aggregate of $16,000,000, for
the purpose of purchasing certain of the preferred stock of
the company, and also certain bonds of other companies, and
for other purposes, and to authorize the execution of a
mortgage or trust agreement securing said bonds on all the
V. 80, p. 474.
property of the company.
This
Stock Offered.
Flagler Iron & Steel Co., Chicago.
company, organized early in Jan. 1905 with $5,000,000 of
authorized capital stock, of which $3,000,000 is 7% cumulative preferred, is establishing at Rondout, 111., a large steel
plant, including blast furnaces, Bessemer steel works,
A number of the
rolling mill and pipe and tube mill.
are interofficials of the Chicago Milwaukee & St. Paul
The President, Henry K. Flagler, was formerly
ested.
President of the National Tube works at McKeesport, Pa.
The company has purchased 461 acres of iron ore property
ill Marquette County, Mich., including the Kloman mines,
Directors (and officers):
of high-grade Be-Sisemer ore.
(E. I.) de
.sliiireholdcrs will
—
—
H. K. Flagler, President; W. P. Dickinson of Geneva, 111., First VicePresident and Treasurer; John Claney, Second Vice-President; li. Dorothy, Pierre, S. Dak., Third Vice-President; William Dickinson, Secretary; Geo. E. Siini)son, Superintendent Transportation ChicaKO, Milwaukee & St. Paul KH.; Franklin H. Head and F. A. Helmer, all of
Chicago.
The "Iron Age" on Oct. 5 said:
The company is making rapid progress with the construction of its
new plant at Chicago Highlands and expects to be making iron and steel
The building.s thus far compipe and tubes before the first of tlie year.
pleted include a mill building 110x541 feet, .SI feet high at center; one
All these buildings
building 43x236 feet and one builthng 40x110 feet.
The
are of steel construction, built on stone and brick foundations.
Within another year
plant is to have a capacity of 300 tons per (hiy.
blast
furnace.
the company intends to build rolling mills and a
Office Nos. 1322-3 First National Bank Building, Chicago
Fort Wayne (Ind.) Gas Co. Defanlt.See Ohio &
Indiana Consolidated Natural Gas & Illuminating Co. be-
—
low.— V.
69, p. 1250.
—
51
000, the shareholders of record on Jan. 15 are offered the
privilege of subscribing, at par, on or before Feb. 1, at
3 p. m., for the $3,200,000 new stock, to the extent of 64%
of their respective holdings, or sixteen shares of new stock
Payment in full for
for each twenty-five shares now held.
Stockthe new stock must be made on or before March 1.
holders desiring to pay at once will be allowed 5% interest
to March 1.— V. 81, p. 214, 34.
York. The oiilv undeilyinK liens are "Censos" (equivalent to perPresident, R. B. Havvley; Treasurer,
maiuMit mortsiiKPs), $51,818.
James H. Po.st; Secretary, Henry A. Clark. New York office, No. Ill
Wall .Street.
du Pont
,
—
Massachusetts Gas Companies.
—
—First
Dividend
—
of
Boston
—
A dividend of
National Licorice Co. Dividend Increased.
has been declared on the common stock, payable on
The last dividend,
Jan. 10 to holders of record on Jan. 6.
paid July 10 1905, was 1%.— V. 79, p. 155.
2%
—
—
New York Life Insurance Co. New President. Alexander E. Orr was, on Jan. 3, elected President, with a
salary of $50,000 yearly, succeding John A. McCall, who
Mr. McCall's
tendered his resignation under date of Dec. 30.
was $100,000.— V. 81, p. 1726.
Increase
North Georgia Electric Co., Gainesville, Ga.
The stockholders have voted to increase
of Capital Stock.
.salary
—
—
the authorized capital stock to $1,250,000, to provide,
when and as necessary, money for development purposes.
A. J. Warner is President and W. H. Slack, Secretary.
The company was organized four or five years ago under the laws of
Georgia, and made a mortgage in 1902 to the Knickerbocker 'trust Co.
New York, as trustee, to .secure not exceeding $1,000,000 of 6__ gold
bonds, dated Feb. 1 1902 and due Feb. 1 1922, but redeemable after
Feb. 1 1907 at 105 and interest; denomination $500; interest payalile
At last accounts $200,000
Feb. 1 and Aug. 1 at the office of the trustee.
of these bonds. Series A, were outstanding, having been issued for
building the hydro-electric plant at Dunlap Shoals, on the Chatta(3) miles to Ciainesville,
hoochee River and the transmission lines
where current is supplied for ligiiting and for power for various purposes.
This companv also owns various other water powers on the Chattahoochee River and on the Cliestatee River, wlucli it is developing, anfl
is constructing a steel tov.er line 53 miles to Atlanta for the i)urpo.se
of conveying power to that city as well as to other cities and towns in
reach of "this tower line.
of
Herring -Hall -Marvin Safe Co. New President. C. V.
Ohio & Indiana Consolidated Natural Gas & IllumiCarpenter of Boston on Jan. 1 became President, sucThe Fort Wayne (Ind.) Gas Co.. the
Default.
nating Co.
ceeding R. T. Pullen, resigned.— V. 81, p. 1438, 1377.
Huntington (W. Va.) Water Co.— Bonds Offered— Status.— only one of the subsidiary pro])erties not already in default
its $2 .COO,
F. W. Mason & Co., 53 State St., Boston, last week offered failed to pay the interest due Jan. 1 1906 upon
for sale a small block of the fir.st mortgage 5% bonds of 1900, 000 of 6% "bonds.
The supply of natural gas having failed, the Fort Wayne
due Nov. 1 1940; denomination $1,000; interest payable
but
May 1 and Nov. 1 at Farmers' Loan & Trust Co., New York. Gas Co., it is stated, installed an artificial gas plant,
the old
Principal and interest guaranteed by the American Water the city of Fort Wayne insisted on the retention of
Works & Guarantee Co., Pittsburgh. Further facts as of rate of 25 cents per 1,000 cubic feet, thus precipitating
—
April 1905:
$500,000;
Capital stock, $100,000: authorized bonded debt, 5<7'f
bonds outstanding, $380,000; remaining bonds ($120,000) held for
of
earnings,
after
payment
issued
only
when
the
net
to
be
betterments,
operating expenses, are equal to tlie interest on the l)onds outstanding
and then to be issued. Annual re\enue: City, $7,011; private con.sumers, $44,688; total, .451,699; aimual interest and operating exServices to consumers, 2,265;
penses, $38,981; net revenue, $12,718.
city hydrants, 202; system of works, re.servoir and direct pressure,
daily pumping capacity:
land
owned,
(>^
acres;
miles of pipe, 31.48;
6,000,000 gallons.— V. 78, p. 231.
,
—
—
Bonds Offered. Peabody,
Illinois Midland Coal Co.
Houghteling & Co., Chicago, are offering at par and interest, by advertisement on another page, $1 ,000.000 first
mortgage 53^% serial gold bonds dated Jan. 2 1906 and
due $25,000 yearly 1908 to 1911; $50,000 yearly 1912 to
1921; $75,000 yearly 1922 to 1925; remainder $100,000 due
Also redeemable on and after Jan. 2 1911
Jan. 1 1926.
Coupon bonds of $.500 and .SI, 000.
at 105 and interest.
Principal and semi-annual interest payable at office of
Pre.sitrustee, The First Trust & Savings Bank of Chicago.
dent Samuel Insull is quoted in substance as follows:
Security:
Two of the best operating coal mines in llUnois and over
3,500 acres of coal, with maximum capacity of 5,500 tons i)er (hiy
cost over $600,000; 40,000 acres additional coal in Sangamon and Cln-istian counties. 111., $2,000,000; two new mines to b(> immediately sunk,
to cost $300,000; total value, $2,900,000.
On a conservative estimate
Sinkthere are 258,000,000 tons of excells-nt steam and domestic conl.
ing funtl is 5 cents ]icr ton.
9,825,000 tons, estimated to be about
one-half of llie output for the next ten years, have l)een sold under
contract to Chicat'o Edison Co., Conmionwealtli F.leetric Co. and Peabody
Coal Co. at prices based on o^t of production, to \ield net ]>rofits on
this toimage alone more than siiflicient to i);iy all interest charges.
i
—
Independent Light & Power Co., Quincy, 111. ForeDecree.
Judge Akers of the Adams County (111.)
Circuit Court has ordered the foreclosure sale of the property
under the first mortgage for $175,000, Royal Trust Co., of
—
closure
Chicago, tru.stee.— V. 81, p. 1438.
International Power Co. Purchase.
—
— The
following
is
— See
above.— V.
Alii))nma Consolidated
81, p. 1852, 1317.
Coal
—
&
Iron
Co.
—
Kings County Electric Light & Power Co. New Stock.
The Stale (las and Electricity Commi.ssion Itaving authorized
tlie
—
increase of the capital stock from $5,000,000 to $8,200,-
—
opinion, reversed the decision of the lower courts in the suit
against the city of Peoria to prevent the enforcement of the
ordinance pa.ssed in 1900 fixing the price of gas at 75 cents
per 1,000 cubic feet.
The case is remanded to the lower courts for further
findings and testimony as to the terms and duration of the
alleged agreement in violation (if the Anti-Trust law of
Illinois between the two Peoria companies now consolidated,
and also as to what would be a fair price for gas. The lower
court, it is held, erred in not giving fuUei consideration to the
testimony taken before the Master. Compare V. 78, p. 824.
Peters Shoe Co., St. Louis, Mo. Renewal of Charter
New Stock. This company, incorporated 14 years i^go
with a capital of $200,000, which has btcn increased from
time to time up to $800,000, has filed articles of incorporation in Missouri with .fl ,000,000 full-paid stock, th(- incr(a,se
of $200,000 being made necessary by tho rapidly growirg
This company operates four large factories in
bu.siness.
Stockholders:
St. Louis and one in Hermann. Mo.
Henrv W. Peters, 3,000 shares; Francis H. Peters, 1,750; F. W. Petcis.
1,500; F. August Sudholt, Fred W. Peters and H. Stuart Hiitler. 1 ,C00
—
—
—
each; Charles Jehle, 750.
— V.
78. p. 107.
Pittsburgh & Westmoreland Coal Co., Pittsburgh, Pa.—
Bonds offered.— Uvmy A- West, R(>al Kslate Trust Huil(:ii:g.
Philadelphia, are ofl'ering at 97 and interest .$2,000,000 tiist
mortgage sinking fund 5% gold bonds of $1,000 c;itli,
dated Nov. 1 1905 and due Nov. 1 1925. Interest payable
May and November at the Girard Trust Co., trustee, PI. .la.
The companv is a consolidation, perfected last year, of the follo\ V'H
Hazel Kirke Gas Coal Co.. Shoenberger Coal Co., Tun
It ov rs
Co. ami Pjttsl>urgh A Westmoreland Coal Co.
5.320 acres of coal lands, estimali'd to contain 42. 000. COO tons of of, 1,
,5()(),0(iO
l.s
tons.
re;>ch
_ Tl
with ;mi annual capacity expected soon to
crr|)orations:
.-haft
1
rcdmiption at any interest i)eiio(i at 10.> a: d
$100,000 of the bonds must lie retired annually rt
interest, and
100 and interest by the .sinking fund, if they cannot be inuchased for
The .$500,000 addiTotal issue, $2,500,000.
less in the open market.
tional bonds can otilv be i.ssued under rigid restrictions as provided ui
l)ond issue
The International Power Co. has just completed the purchase of the
controlling interest in the newly-discov(!red Gray Ore Mountain near
Biriningliam, Ala.
This, together witli its recf'Ut large i)urcha,se of
AlabaniJi Conl jiroperties and its ownership of the controlling interest in
the Alabama Consolidated Coal it Iron Co., gives the Internnliona]
possession of coal and iron reserves ecpial to one-fourth of the coinl)ined
re.serves in .Matiania of the Tennessee (^>i!l &^ lion Co. and tb,'> Kepiil)lic
Iron & Steel Co.
It is the ))urpose of tlie inainu'ement immcrliatily to
carry out their plan for the extensive developiiieut of these properties
and devote to this i)urpose a i)ait of the accunnilated suriilus..
Report.
bankruptcy.— V. 81, p. 1796, 1496.
The United
Peoria (111.) Gas & Electric Co. Decision.
States Supreme Court on Jan. 2, Justice Brewer writing the
Manor
official:
—
tlie
is
sul>jtcl
at least
notgage.
Pure
V.8i.
Oil Co.
to
]).
1104, 671.
—Official Circular. — An
official letter advi.^ses
an attriTTpt is being mad(> to buy up
the stock and counsels them not to .sell, as the stock h;is an
intrinsic value of double pitr, or $10, and improvements and
(xten.sions now being eunphtrd, which will cud heavy exSee V. 81,
])enditures, will add con.siderably to the value.
tli(>
p.
slockliolilc rs tluit
1854.
Railway Steel Spring Co.— Bonds Offered.— Unwcy Fisk
& Sons are offering at 96H and interest \hv unsold tiortion
——
—
—
•
THE CHRONICLE.
— The new banking firm
5% gold bonds
52
of the issue of $4,500,000 of first mortgage
(Latrobe Plant.)
These bonds are dated Jan. 1 1906 and are due Jan. 1 1921, Init redeemable, in whole or in i)art, on any interest date at 105 and interest;
interest payable July 1 and Jan. 1 at office of aforesaid bankers: deiioinination .'Si, 000; annual sinUinK fund. .Sl.'iS.OOO; inortKa^e trustee, StandanI
Trust Co., New York. President J. E. French states that the earnings
of the Railway Steel Spring Co. for the 33^ vear.s ending Oct. .'51 1905
averaged more than §1,600,000 annually; the net earnings for the current
year, one month estimated, will approximate 81,700,000.
The net
earnings of the Latrobe Company, whose plant was recently taken over
and mortgaged to .secure these bonds, have averaged, during the past
10 years, more than .S500,000 yearly.
V. 81, p. 172(5, 1496.
—
Spring River
Power
Co., Missouri.— J5ond.s Offered.—
Co., Chicago, are offering for sale, by
advertisement on another page, the unsold portion of $500,000 first mortgage serial gold
bonds, dated Nov. 1 1905,
of -which $335,000 have already been sold.
The semiannual interest is payable at the Merchants' Loan & Trust
Co., the mortgage trustee, Chicago.
The plant serves with
electric power the following cities in Missouri:
Galena,
JopUn, Empire City, Webb City, Carterville and Oronogo,
and several smaller places, having a combined population of
about 125,000. The net earnings are reported at three
Devitt. Tremble
&
5%
times the bond interest.
& Twine Co.— Instalment Called.— Holders
the certificates of depo.sit for first mortgage 6% gold
bonds are notified that 25% of the cash subscription,
namely $65.62i^ of the $262. 50per bond, called for under the
plan of reorganization (V. 81, p". 1726), must be paid at the
Equitable Trust Co. on or before Jan. 18. The entire subscription may be paid, if de.sired.
V. 81, p. 1854, 1796.
Standard Rope
of
—
—
Swift & Co.— A''eu; Stock, Etc. The shareholders voted on
Jan. 4 to increase the authorized issue of stock from
$35,000,000 to $50,000,000. M. HoUis of Bo.ston has been
elected a director.
The surplus was increased $1,750,000
during the late year.
Stock Option.
Stockholders of record Jan. 15 are offered
the right to subscribe at par for the $15,000,000 new stock,
at the rate of three shares of new stock for every seven held
by them, respectively, payment to be made in full Feb. 7.
V. 81, p. 1854, 1796.
Union Switch & Signal Co. New Stock. Stockholders of
record have the right to subscribe on or before Jan. 25 at $75
per share (par $50) for new stock to the extent of 12i^% of
their respective holdings.
Subscriptions are payable $35
on Jan. 25, $20 on Feb. 16 and $20 on March 16.— V. 80,
—
—
—
p. 1057.
—
United States Rubber Co. New Directors, Etc. Charles
H. Dale and Arthur L. Kelley, respectively President and
a director of the Rubber Goods Manufacturing Co., were on
Wednesday elected directors of the United States Rubber
Co., increasing the number of directors to nineteen.
The
by-laws were amended in the following particulars:
Increasing the authorized number of directors to twenty-one;
authorizing sales of real estate and pledges of shares of stock ("where
a majority is owned) and also the creation of bonded or mortgage debt,
on the consent of three-fourths of the stockholders in interest represented at a meeting called for the purpose, instead of on tlie consent of
holders of three-fourths of all the outstanding stock, as at present.
President Colt said that this change was necessitated by the great increase in the number of stockholders; (3) to include provisions respecting both classes of preferred shares at present outstanding.
(1)
(2)
Earnings.
— The
net
earnings
for
the
nine
months
ending Dec. 31 (December partially estimated) were approximately $3,162,000, the dividends on the Rubber Goods
Mfg. Co. stock in the treasury not being included except for
the latest quarter. The net earnings for the corresponding
period in 1904 were $3,140,313, these figures not including
dividends received from the Rubber Goods Company.
V. 81, p. 1562, 1318.
— Among the changes which have occurred in partnerships
with the advent of the new year are the following:
^George Crawford Clark Jr has become a member of the
[Vol. Lxxxii.
of Potter, Choate & Prentice has
the Hanover Bank Building.
The members are Elii)halet N. Potter and Arthur O. Choate, formerly
of Kinnicutt <fe Potter, John H. Prentice and Frederick B.
Adams, for some time a.ssociated with the same firm, and
Fuller Potter, member of the New York Stock Exchange.
The firm will deal in high-grade investment bonds and will
execute commission orders in all markets.
The firm of Lincoln, Caswell & Co. of this city expired
by hmitation on December 31. A new copartnership under
the name of Caswell, Curtis & Co. has been formed by
William W. Caswell, Philip Curtis and Jo.seph S. Downs for
the transaction of the .stock and bond commission business,
with offices at 25 Broad Street and a branch at 315 Madison
opened an
office in
—
Avenue.
— Lincoln
& Company
will
conduct a bond and invest-
ment business
in the offices heretofore occupied by Lincoln,
Caswell & Co., at 18 Wall Street.
Ezra Lincoln will have
with him Frank D. Potter and Frank Coenen, formerly of
the bond department of the old firm.
—
George Francis Fox having decided to retire from active
business, the banking and brokerage firm of John E. Fox &
Co. of Philadelphia was dissolved on the 31st ult. by mutual
consent.
The business will be continued under the name
of Fox, Moyer & Co. by the remaining partners, J. Thomas
Fox and Edward E. Moyer, and C. L. Moyer, who has just
been admitted as a partner.
— The
banking house of Mes-srs. Cramp, Mitchell &
314 Chestnut St., Philadelphia, was dissolved this
week and a new co-partnership formed under the firm name
of Cramp, Mitchell »fe Shober.
The partnership includes:
Theodore W. Cramp, Howard E. Mitchell and Samuel L.
Shober Jr. The concern is a member of the Philadelphia
and New York Stock Exchanges.
At the (postponed) annual meeting of the stockholders
of the American Guaranty Company of Chicago on December
30, no change was made either in the directors or officers.
The directors, re-elected, are: Frederick M. Steele, Pre.sident Standard Forgings Co.; W. F. Barnes, President W. F.
& John Barnes Mfg. Co., Rockford. 111.; Charles L. Furey,
Vice-President of the company; Frank M. Heggie, of Lepman
& Heggie, Chicago; James L. Bigelow, Treasurer of the
company; Duncan A. Holadaj^ of J. S. Brown &Bro., Denver, Colo.; Lewis W. Pitcher, Secretary of the company;
B. M. Fellows, Treasurer of the U. S. Realty & Improvement Co. and the Geo. A. Fuller Co., New York; William
George, President Old Second National Bank. Aurora, 111.
The re-elected officers are: Frederick M. Steele, President;
Charles L. Furey, Vice-President; Lewis W. Pitcher, Secretary, and James L. Bigelow, Treasurer.
The company
states that its busines.s for the past year has been most satisfactory and the regular^ annual dividend of 6% was deSerrill,
—
clared.
— MacDonald,
gaged.'to be
&
Companj' of Chicago have enof their bond-selling department John
for manj^ years a.ssociated with Farson, Leach
jMcCoy
manager
H. Sonntag,
& Company.
—The Financial
Calendar Publishing Co., No. 1120 Chestnut Street, Philadelphia, has issued its handsome wall calendar for the year 1906, showing for more than 800 leading
corporations such useful facts as the following: when dividend meetings will be held; when stocks will sell ex-dividend (books close); when dividends are paj'able; when
weekly, monthly, quarterly,
financial statements are due
semi-annual and annual; when annual meetings will be held.
Much statistical matter regarding corporations is also furNumerous new features have been
nished in tabular form.
—
added.
—
Messrs. Shoemaker & Bates, 24 Broad Street, are
advertising this week on another page a list of high grade
investment securities, among which may be noted $150,000
Baltimore & Ohio RR. (P. L. E. & W. Va.) refund, gold 4s;
Richard Schuster has been admitted as a member of the $100,000 Northern Pacific-Great Northern (C. B. & Q.)
Norfolk & Western-Pocahontas Coal
firm of Speyer & Co.
His father, Ignaz Schuster, was a joint coll. 4s; $150,000
Co. joint m. gold 4s; $200,000 Southern Railway (Mobile
former partner in the firm.
& Ohio) coll. trust 4s; $200,000 St. Louis Iron Mountain
Harry K. White retired from the firm of Lee, Higginson & Southern (River & Gulf Div.) 1st m. gold 4s; $100,000
& Co. of Boston on December 30. The business is continued Ulster & Delaware RR. 1st refund. 50-year gold 4s; $50,000
by the remaining partners, namely, George C. Lee, Henry L. LouLsville & Nashville RR. (N. O. & Mobile Div.) 2nd m.
Higginson, Gardiner M. Lane, James J. Storrow, George L.
gold 6s and several other important issues.
Peabody and George C. Lee Jr.
The Boston Safe Deposit & Trust Co. is distributing to
Lawrence Turnure & Co. at 50 Wall Street announce its friends and customers the annual issue for 1906 of its conwith regret the resignation from the firm of J. M. Andreini,
venient little pamphlet showing where the coupons of the
owing to his desire to give up active business. Mr. An- various issues of municipal, railroad, street railwaj' and indreini had been associated with the company and its prededustrial securities are payable in Boston.
cessor, Moses Taylor & Co., for thirty-three years.
The
Ira J. Couch has been admitted to partnership in the
firm's power of attorney has been conferred upon Edward
F. McManus and Clarence Berry, who will individually sign brokerage and bond firm of S. B. Chapin & Company,
Chicago and New York. Mr. Chapin has recentl}' bought
for the company, "per procuration."
a membership in the Pittsburgh Stock Exchange.
Waldo S. Reed has been admitted to partnership in the
James A. Benedict & Company, 59 Wall Street, have
firm of Edward Sweet & Company.
opened a branch office at 228 La Salle St., Chicago, to deal
Townsend Lawrence has withdrawn from the firm of in commercial paper and high-grade bonds. Paul Bayne,
Howard Lapsley & Co., and Frank P. Holran and John W. son of President Baj'ne of the Seaboard National Bank, will
Lapsley have become members of the firm.
He has been associated
be resident and managing partner.
Simon Borg & Co. of this city announce that Fred M. with Benedict & Co. in their New Y'ork office for more than
Stein wa'- on the 1st inst. admitted to partnership in the six years.
The St. Louis office (Benedict & Copp) has been
firm of Clark,
—
Dodge & Co.
—
—
—
—
—
—
—
—
firm
discontinued.
.
I
—
—
.
THE CHRONICLE.
IDOO.J
,IAN.
-
.
53
COTTON.
Friday Night, Jan. 5 1906.
that the holiday season is past, renewed activity is
developing, although in some lines jobbers and dealers are
still engaged in taking their annual inventory of stocks on
hand and therefore have not as yet re-entered their respective
markets as buyers. Conhdence in the favorable outlook
for continued Inisiness activity and prosperity continues to
be general, the monetary situation being the one feature that
In the speculative markets there
is creating any uneasiness.
Now
have been no important movements in
1906.
Stocks of Merchandise.
Lard
Cocoa
tierces
bags
Coffee, Brazil
Coffee, Java
bas.s
mats
bags
Coffee, other
hhds
Sugar
Sugar
bags, etc
Molasses, foreign
None
None
6,900
213,460
24,131
1,363
1,064
1,711
1,090
bags
pockets
bags
bags
4,700
90,000
4,800
36,000
bales
bales
47,112
2,714
109,100
bbls.
Tar
l)bl.s.
Saltpetre
hemp
hemp
Manila
Sisal
Flour
bbls.
4,788
15,000
3,799,461
87,809
315,392
24,000
1,250,000
1905.
9,700
225,857
27,414
Spirits turpentine
,
6,196
15,000
3,864,363
90,207
294,877
21,867
961,411
& .sacks.
Receipts at
Jan.
No.
bales
bbls
Rice domestic
Linseed
1905.
Dec. 1
hhds.
Hides
Cotton
Rosin
Rice, E. I...
prices.
Jan. 2
Friday Night, Jan. 5 1906.
as indicated by our
For the
telegrams from the South to-night is given below.
week ending this evening the total receipts have reached
146,367 bales, against 216,263 bales last week and 236,489
bales the previous week, making the total receipts since the
Lst of September 1905 5,200,840 bales, against 6,040,428
bales for the same period of 1904-05, showing a decrease since
Sept. 1 1905 of 839,588 bales.
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
;
7,957
3,403,379
145,142
[414,088
None
None
None
12,600
100,133
26,396
1,114
1,216
1,000
40,000
None
None
None
1,211
4
40,017
498
123,700
190
10,139
383
182,900
—
Mon
Tues.
6,398
598
10,664
261
252
2,874
2,423
178
10,825
12,485
150
282
1,364
Sat.
Galveston
Pt. .•\.rthur,&c.
New
Orleans..
Mobile
Pensacola, &c.
Savannah
Brunswick
Charleston
&c.
Wilmington ,.
Washingt'n,&c
Wed.
Thurs.
8,104
7,678
2,820
423
3,248
1,542
8,391
2,912
8,263
44
37
2,365
8,966
497
66 i
504
350
196
2,181
603
1,131
1,274
2,240
1.316
7,928
526
922
526
58
654
2,694
25
7,256
112
'235
5,110
282
300
675
New York
323
30
188
3
7,026
267
30
50
Boston
Baltimore
258
704
18
31
25
16.415
22,588
28,483
19,810
1,072
50
Philadelphia.
Tot. this wk.
26,416
Total.'
48,859
985
39,405
2.887
1,462
21,514
11,389
1,229
387
fleorget'n,
Norfolk
N'port N., &c.
Fri.
3,369
1,411
108
5,021
2,694
149
32,655 146,367
•
The following shows the week's
since Sept. 1 1905, and the .stock
«
•
total receipts, the total
to-night, compared with
last year:
Lard on the spot has been in more active demand. A fair
business has been transacted with exporters and prices have
advanced. The close was firm at 7.95c. for prime Western
and 7.50c. for prime City. The demand for refined lard has
been moderately active and at firm prices, closing at 8.20c.
Speculation in lard for future
for refined for the Continent.
delivery has been fairly active. Receipts of hogs limited and
as stocks of lard are light, prices advanced. Close was firm.
Jan.
This
week.
5.
Galveston
Pt. Arthur, &c.
New Orleans..
Mobile
Pensacola, &c.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO. Savannah
Sat.
Mon.
7.27 J^
7.47>^
7.55
Tues.
7..32M
Holi-
lAlVz
day.
7.57i4
Wed.
Thnrs.
Fri.
Brunswick
7.55
7.621^
7.723^
Charleston
Georget'n, &C-
Pork has had a moderate sale and prices for mess have
advanced to $14 50@14 75. Cutmeats have been offered
Tallow has advanced,
sparingly and prices have been firm.
Cotton seed oil has had a fair sale and
closing at 4i^c.
prices have advanced, closing at 32i^c. for prime yellow.
Butter has been in fair demand and firm. Cheese has had a
moderate sale at full values. Fresh eggs have been in
larger supply and prices have weakened slightly.
Brazil grades of coffee have had a better sale, some of
the trade buying more freely and prices have advanced
The close was quiet at 8j^c. for Rio No. 7 and
slightly.
A moderate volume of business
8 13-16c. for Santos No. 4.
has been transacted in the better grades of West India
growths and at firm prices, closing at 9J^c. for good Cucuta
and lie. for good average Bogota. Speculation in the
market for contracts has been moderately active and prices
have been steadier Statistical developments have been favorThe close was easier under liciuidation
able to the market.
and weaker European advices. Closing asked prices were:
Washingt'n, &c
Norfolk
N'port N., &c
Jan. delivery
May delivery
July delivery
7.35
7.50
7.60
7.45
7.60
7.70
.
January
February
6.80c. September
6.60c. April
6.65c. May
6.70c. July
6.85c. October
7.05c.
7.10c.
7.25c.
6.95c. December
March
Offerings of raw sugar for early delivery have been small,
owing to delay in marketing the new Cuban crop. Prices
have hardened slightly, clo.sing higher at 3^c. for Centrifugals
Refined
96-deg. test and BJ^ for muscovodo 89-deg. test.
sugar has been in better demand and at the close advanced
Other staple groceries quiet.
to 4.60c. for granulated.
A moderate volume of bu.siness has been transacted in
Kentucky tobacco and prices have continued firm. Offerings of seed leaf tobacco have been small dealers generally
reporting light remaining stocks of the 1905 crop, and prices
Sumatra tobacco has continued firm, and latest
hold firm.
reports are that the next crop will show a shortage.
Havana
tobacco has been in good demand and firm. The growing
crop is reported damaged by un.seasonable rains in Cuba
,
has shown some improvement,
advices prices have advanced,
Ingot copper has had a fairly
Wilmington
985
39,405
2,887
1,462
21,514
11,389
1,229
30
2,181
,768,944
115,731
,522,550
211,804
121,710
,200,129
137,877
170,054
721
263,261
122
474", 622
9^464
11,186
1,843
42,117
40,156
3,111
1,467
3,163
3,621
443,698
5,123
13,966
36,988
21,223
6,527
191,967
198,199
327,212
46,015
4b5",25i
130,431
30,107
45,498
12'3",055
003
" 2'',747
12",
73,556
14,058
26,763
27",354
94,926
2,494
8,146
146,367 5,200,840 200,167 6,040,428 1,095,348
977,625
.
Total
1905.
6l',344
368
820
141
935
In order that comparison may be made with other years
give below the totals at leading ports for six seasons:
we
1906.
Receipts at
Galv'n, &c.
N. Orleans.
Mobile
1904.
1905.
49,844
39,405
2,887
21,514
1.269
52,088
71,651
5,447
27,280
1,223
2,1.38
1903.
82,499
81,256
5,554
34,089
1902.
Norfolk ...
N'p't N.,&c
All others..
2,181
7,928
9,464
526
20,823
.30,508
15,840
428
12,522
78,089
80,967
7,380
44,752
4,033
9,082
24,608
498
20,203
wk
146,367
200,167
235,918
269,612
Savannah .
Ch'stnn, &c
Wilm'n, &c
Tot. this
Since Sep.
1
368
1,439
2,291
1901.
73,316
104,735
3,931
32,428
8,670
8,262
16,019
60,588
55,019
2,220
14,459
3,808
2,120
4,614
1,341
30,136
587
31,489
278,868
174,916
5,200,840 6,040,428 5,474,953 5,186,285 5,170,361 4,833,618
The exports for the week ending this evening reach a total
of 180,912 bales, of which 105,932 were to Great Britain,
15,194 to France and 59,786 to the rest of the Continent!
Below are the exports for the week and since Sept. 1 1905:
Week
ending Jan. 5 1906.
From
Exported to
Exports
from
Great
ContiBritain Fr'ncei nent.
Galveston
Pt. Arthur,
New Orleans..
Mobile
Pensacola
Savannah
Brunswick
56,071
i
31,345 15.1841
j
5,526
1.131
1,275
j
i
Portland, Me..
San Francisco.
Seattle
.1
Tacoma
Portland, Ore.
1905 to Jan. 5 1906.
Britain. France
19,236 75,307
683,749 249,186
7',i73
5¥,7i2
34,9171
309,182: 125,159
300
300
17,064 22,590
I
I
1
Great
Total.
I
I
Sept.
Exported to
I
Baltimore
Philadelphia..
closing firm at 7.60c. in barrels, 10.30c. in cases and 4.70c. in
bulk.
Naphtha has been unchanged at 12c. for 71 degrees
and 12c. for 76 degrees. Credit balances have been steady,
closing at TSSc.
Spirits turpentine has been ciniet and
easier, closing at 67 ^c. for machine barrels.
Offerings of
resin light and prices advanced to $3.70 for common and
good strained.
40,353
11,735
71,651
5,447
16,268
27,280
6,169
1,128
95
2,138
Boston
Baltimore
Philadelphia
1906.
226,077
4,026
17,419
3,249
Y.isi
7,986
@
Stock
Since Sep
1 1905.
This
week.
100,161
893,905
171,331
82.733
1,091,035
128,504
142,944
604
267,761
New York
i
but prices hold steady at 5, 95 6, 00c. Spelter has been
firm but quiet at 6.50@6.60c.
Pig iron continues in good
demand and firm at f l7.75@18.75 for No. 2 Northern and
$18.25 for No. 2 Southern.
Refined petroleum has been in fair demand and steady,
Since Sep
1 1905.
48,8.59 1,748,827
ItiDemand
Charleston
and on stronger foreign
Wilmington
closing at 36@36.25c.
Norfolk
free sale and prices have been firmer, closing at 18i/2C<')19c. Newport Newsj
New York
for Lake and electrolytic. Business in lead has been quiet, Boston
for Straits tin
1904-05 .J
1905-06.!
Receipts to
9,850
9.850
1.367
1,845
3'676
8„392
1,367
406
400
1,531
1,275
.322
322
2,262
2,262
928
928
j
30.237 16,050
37,3.39 12,553
107.002 48,681
53.433
5,500
125,721
5,225
6,580
4,500
2.253
110,971 16", 784
78,984
59,067 12,059
29,785
638
Continent.
Total.
395,651
38,642
130,681
20,248
.33,666
473.324
26,488
m',380
1,200
"9"9',652
4,881
27,800
235
16,165
12,911
3,393
1.504
Total ...
105,932 15.194
1.675.358 490,197,1,408.221 3,573.776
59,786J180.912
Total 1904-05-1 88,93214,386,141,084,244,402 2,179,037j490,847jl.841,791 4,611,675
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
We add similar figures for
New
York.
.
.
-
..
THE CHRONICLE.
54
On
Jan. 5
at
—
Shipboard, Not Cleared for
Great
Orleans
(lalvesloii
.
_
fSavannah
Cliarleston
ilobile
Other
Gcr-
Britain. France
New
.
.
13,680
25,003
4,300
6,925
8,073
45.361
5,000
12,3,50
3,250
6',766
10,135
574
2,500
2,000
2,300
22.707
3",
13,301
.....
.
Norfolk
New
York..
Other ports.
"566
3,266
18,000
Total 1906
Total 1905
Total 1904
4, sob
2,000
3",
26,475
27,907
15,102
84,084
78,244
65,641
666
13,000
58,983
69,029
99,055
30,2.36
40,876
35,913
FUTURES. — High,
—
Coaslwise.
many. Foreiyn
[Vol. Lxxxii.
low and
clo,sing prices at
New
Leavimj
Total.
stock
.39,413
287,799
92.378
99..589
York:
to
i-
\^.'^
^'
118.031
43.498
33,765
38,577
12,400
2,000
12.2,50
22,707
11,500
33,000
,214,577
33,141 232,919
17,704 233,760
21,919 237,630
862,429
743,865
673,197
33,804
Speculation in cotton for future delivery has been moderOn the resumption of buf<ine.s,s Tue.sday after
the holidays on Saturday and Monday there wa.s an easier
Considerable attention was given to the large visible
tone.
supply of cotton, it being much in excess of the quantity
reported at this time the" past few years; there was some
selling to liquidate speculative holdings and prices yielded.
During the week there developed a firmer tone and the loss
Advices from the English markets
in prices was recovered.
were firm, it being reported that Manchester was showing
more interest as a buyer of actual cotton, and there was talk
that the cotton mills at Mo.scow were resuming, which was
taken as foreshadowing a revival of demand from Russia.
The possibility of a bullish report by the Census Bureau in
the amount of
its publication to be made on Monday of
cotton ginned to Jan. 1st induced some buying by shorts
The
to cover contracts, and this strengthened values.
movement of the crop during the week has been on a smaller
scale, due in part, it was claimed, to the holiday season, and
also to the light demand for cotton, and the fact that plantTo-day there was an easier
ers were holding their cotton.
tendency to prices. Liverpool advices were disappointing,
and local bear interests were more aggressive. The close
was steady at a net loss in prices for the day of 3@11
Cotton on the .spot has been easier, closing at
points.
11.85c. for middling upland.
The rates on and off middling, as established Nov. 18 1903
and reaffirmed Nov. 15 1905 by the Revision Committee,
at which grades other than micldling may be delivered on
contract, are as follows:
ately active.
off Middling tinged.c.
off Strict low mid.ting
mid. tinged..
off
off! Strict g'd or. ting.
0.12
0.34
0.50
Low
0.96
Middlins fair
0.84
Barely mid. fair.. 0.79
off] Fully mid. stained 0.42
0.02
Strict good mid.
O.Sfi off Middling stained.- 0.50
0.53
Fully good mid.
1.00 oft Barely mid.stain'd 0.7S
0.44
Good middling
0.30 on Strict low m. stain 1 .06
0.33
Barely good mid
Even! Fully 1. m. stained 1.28
0.22 onlCJood mid. tinged.
Strict middling.
0.00
off Low mid. stained. 1 .50
tinged.
Basis
Strict
mid
Middling
c. 1.30
Strict mid. fair... 1.13
Fair
on Strict low mid..con Fully low mid
on Low middling
on Barely low raid
on [Strict good ord
on] Fully good ord
on Good ordinary
on Strict g'd m. ting.
0.14
0.2G
0.38
0.55
0.72
1
1
I
I
I
I
.
i
On
oft
off
oft
off
oft
oft
off
off
oft
oflt
I
this basis the official prices for a
week would be as follows:
few of the grades for
the past
UPLANDS.
Men.
Sat.
Good Ordinary
Low
Middling.
.
Middling
Good Middling
Middling Fair
.
.
GULF.
Good
day.
Holiday.
Sat.
Men.
Holi-
Ordinai'y
Low
Middling .
Middling
Good Middling
Middling Fair
.
Holi-
Holi-
day.
day.
Sat.
Men.
STAINED.
Low
Middling
... ._ .
Middling
Low Mid. Tinged.
Good Middling Tinged..
Holi-
Holi-
day
day.
Strict
1906.C-11.85
1905... 7.10
1904... 13. 30
1903--- 8.90
8 5-16
19021901...
1900..
1899__
lOH
7 11-16
5V8
Wed.
Thurs.
10.75
11.37
11.75
12.19
12.71
10.85
11.47
11.85
12.29
12.81
10.95
11.57
11.95
12.39
12.91
Tues.
Wed.
Thurs.
11.00
11.62
12.00
12.44
12.96
11.10
11.72
12.10
12.54
13.06
11.20
11.82
12.20
12.64
13.16
Tues.
Wed.
Thurs.
10.25
11.25
11.41
11.75
10.35
11.35
11.51
11.85
10.45
11.45
11.61
11.95
Fri.
10.85
11.47
11.85
12.29
12.81
Fri.
11.10
11.72
12.10
12.54
13.06
Fri.
10.35
11.35
11.51
11.85
upland at New York on Jan.
the past 32 years have been as foHows:
The quotations
5 for each of
.
Tues.
for middling
1898-C1897..1896__1895.-1894...
1893...
1892...
1891...
5 15-16
7 1-16
8 5-16
5 11-16
8 1-16
7 9-16
9 5-16
1890. c. 10}^
1889
9 i3-16
1888. .101^
1887. . 9 9-16
1886. - 9}i
1885.
1884. -10^
1883. -10^
MARKET AND
U
1882_
1881.
188018791878187718761875-
13-16
.12
-12?^
_
9 7-10
-11 5-10
-13
-13 5-16
SALES.
The total sales of cotton on the .spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Futures
Spot Market
Market
Closed.
Closed.
Sales of Spot
ConExport sum'n.
Satmday-Monday
Tuesday - Quiet 15
Wednesday (Juiet 10
Thursday
lYiday
Total.
.
and Contract.
Contract.
Total.
HOLT DAY.
HOLI DAY.
pts dec. Barley st'dy.
pts. adv.
(^uiet 10 pts. adv.
(inlet 10 pts. dec.
Steady
Steady
Steady
296 14,700 14,996
160
150
1,366
1,366
446 16,000 10,446
00^
®
-JO
too
00
I®
§)
I®
I®
I®
I®
®
51
-4CS
bo
en
*J OS
to
—
000
® I®
®
I®
I®
®
I
Oi
to
I
^2
CJ1 ,**
0>
®
i!\
(iJo-.
I®
I®
o
bo
I
~JO>
®
I®
!
®
I
®
®
I®
I®
®
I®
^5
OCD
to to
®
I®
o
®
I
I
®
-
I
®
I
o
1®
I®
I®
'
a
-
o
®
®
® I®
I®
I®
I©
®
05
®
o
®
®
THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks, as
as follows.
well as the afloat, are this week's returns, and con.sequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday) we add the item of exports from the United States,
including in it the exports of Friday only.
1906.
1905.
1904.
January 5—
1903.
bales. 1,069, 000
870,000
606,000
643,000
Stock at Liverpool
11,000
13,000
13,000
Stock at London
5,000
46,000
36,000
68,000
Stock at Manchester
up by cable and telegraph,
is
,
Total Great Britain stock... 1,126, 000
11 ,000
Stock at Hamburg
372,000
Stock at Bremen
werp
Stock at Ant
232,000
Stock at Havi-e
2,000
Stock at Marseille.s
Barcelona
H.OOO
Stock at
72,000
Stock at Genoa
2,000
Stock at Trieste
925,000
15,000
367,000
4,000
164,000
3,000
40.000
39,000
3.000
687,000
9,000
316,000
4,000
226,000
2,000
60,000
30.000
1,000
648,000
8,000
162,000
5,000
88,000
3,000
48,000
43,000
1,000
691,000
635,000
648,000
558,000
Total Continental stocks.
1,81 7,000 1,560,000 1,335,000 1,006,000
Total Eui-opean stocks
70.000
89,000
94,000
India cotton afloat for Europe. 138,000
708,000
701,000
679,000
Amer. cotton afloat for Europe 606.000
48,000
43,000
53,000
62,000
Egypt, Brazil, &c..aflt .for E'pe
200,000
231,000
192,000
Stock in Alexandiia, Egypt. .. 205,000
664,000
319,000
204,000
276,000
Stock in Bombay, India
1,095.348
977,625
910,827 1,093.038
Stock in U.S. ports
763,105
511,557
523,446
Stock in U. S. inteilor towns.. 746,851
45,461
11,281
14,506
42,384
U. iS. exports to-day
5,365,660 4,658,011 4,049,890 3,967,868
Total visible .supply
Of the above, totals of American and other desciiptions are as follows:
American
—
bales.
Liverpool stock
Manchester stock
Continental stock
afloat for Europe
S. stock
S. interior .stocks
S. exports to-day
American
U.
U.
U.
Total American
East Indian, Brazil, &c.
Liverpool stock
London stock.
Manchester stock
Continental stock
India afloat for Europe...
939,000
40,000
669,000
606,000
1,095,348
746,851
45.461
—
&c
11,281
527,000
60,000
619,000
566,000
"
33¥,666
679,000
910,827 1,093,038
511.557
523.446
14.500
42,384
701 ,000
4,141.660 3,883,011 3,343,890 3,238,868
130,000
11,000
6,000
22,000
138,000
48,000
205,000
664,000
p]gypt, Brazil, <<cc., afloat.
Stock in Alexandria, Egypt..
Stock in Bombay, India
Total East India,
Total .\merican
806,000
29,000
588,000
708,000
977,025
763,105
70.000
13,000
7,000
47,000
70,000
43,000
206,000
319,000
79,000
13,000
8,000
29,000
89,000
53,000
231,000
204,000
77,000
5,000
"23", 666
94,000
62,000
192,000
270,000
1,224,000
775,000
706,000
729,000
4,141,660 3,883,011 3,343,890 3.238,868
5,
Total visible supply
Middling Upland, Liverpool
Middling Upland, New York..
Egypt, Good Brown, Liverpool
Peruv. Rough Good. Liverpool
5
Broach, Fine. Liverpool
Tinnevelly, Good, Liverjiool
—
565,660 4.658,011 4,049,890 3,967,868
6.23rl.
3.79d.
7.06d.
4.72d.
11.85c.
7.3.5c.
13.40c.
8.90c.
SV^d.
7^d. 9 l-16d. 7 13-16d.
9.00d.
10.40d.
9-75d.
7..30d.
.1-I6d.
4d. 6 1.3-16d.
4Md.
4>^d. 6 11-lOd.
4^d.
5Hd.
Continental imports past week have been 110,000 bales.
The above figures for 1906 show an increase over last
week of 51,223 bales, a gain of 707,649 bales over 1904
and an excess of 1,315,770 bales over 1905.
.
.
Jan. G
.
AT THE INTERIOR TOWNS the movement— that
the
ih!,
week and
sinee Sept. 1, th(> .shipments for
the week and tlie stocks to-night, and the same items for
tile corre.sj)on(iing period for the previous year
is set out
in detail below.
—
55
cotton at Southern and other principal cotton markets for
each day of the week.
Chi ng Quotations
sr-
.
-
O
^.
-
-nrq
o
•
re
\IH
New
11 9-16
11 3^2
.
.
11 7-16
H
H
Norfolk
L
L
UJi
uy2
Boston
Baltimore
I
I
1 1
D
Y
D
A
Y
Charleston.
Wilmington-
p
p
I
•c
3
Philadelphia
?r
.
Augusta
A
Memphis
Houston.
Little Rock-.
00
too 00 3-/x w'ht>.Oi"l>SOO NJi-'ife. WmVi WOCn wlow'^tf^
tDrf^OOI\0^tOIOCnOOits2000tn0500J^IOO>OOb3^ 0-4—INI Oi >— > ^ i-'
ct
01
H-
to
^^
i^i-"^
4^tOi-'05
"fO i^
I
MC7iO)CDW-^IOH-*^0'3i;it\5
Mif>.OiW)f>.*.WtO-J
^1
Q
^l\i0ii-'O'<It00iC00i(0*'tN5>(^0i0005t0C;f^CnOWtO0>it.Otv3CnlN3O^^Wh-- lob5'>ft-obob>k)Obit00 00 4^tvPN2
w'.f^o WCOk-)M
OlOH-K) tO'-' ^
C5
OtOH- WOTlf^OOtOCOtnOi
I
^-COi-ts3
CO
Columbus, Ga.ll H
Columbus, Miss 11 J^
^1
h-tO
0"jCceOO*^>I^O00Oif-'tJ
WOCOit-OOOCOOOtO^Oii-'OTtOOitOOOWH-H-^tO^
.
09
December —
Range
Closing
January —
Range
Closing
March —
Range
Closing
May —
Range
Closing
July —
^f^^
~4004^00050!DOi>KH-.4^0^4^Cni-'OOWJ^O^-vf^ltOtOOOOCOOOWCCOi
O)
00
coi-'hw WtOt^CnOS^^loCIitOtOW
to
M W Cn'^-oboboobiOOHOtO OW
OOCnO>-COOOCn0300tOCOO-1^0lOC»i— iotOC>^~atO«OOiC-. tOtOtOCTi*.
F-tOCOtO00f,T*.OiC0^C3i— COOOM^OOOiMlOtOi^^M^-O^tOOiCnCD^*.
bo
I
M
C5
rf».
*-
—
I—
to
>-'>-'-^>-'tO*^O5Cn0035OiW^
WMCn«5^0-. tOtOOlcOOtO
tOOW^OOOOOt-05C00334^00>t».i32tOt0 4^ilO*-OOOtO^'»JM004^00»JCOtO
00O)tO»JC0
•vl
lo 05 lo bo
M 33 o CO
">^
bo 4^
rf^
01 CO
>-'
" CO O -^ 01
1--
'"4
CO "^ 3i Cn C3
^?0
I
^ bi to -- to
tOCOlo^-'CTiOitoCr. O^^*'»t'03>|i.3:C;i00C0C5i— cooo
-JC004^tOtDH-iX'-^C;iOOC;ia>4^CTiCO*»CotDOitOOOCntO>*»"->;^0:00«OtOtOi*'
CnOit'CnOCOOaitOC-.
Cn
to'
00 to »^ 00 05
Cn in
4^ to to 00 *> to
OM
00
i-'to>»^i-'»-'Co.t^>-'OT
O Oi o *-
to
00
*i.
to 0> CO
The above totals show that the interior stocks have
increased during the week 24,631 bales, and are to-night
16,254 bales le.ss than at the same period last year. The
receipts at all the towns have been 3,474 bales less than
the same week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.— We
give below a statement showing the
overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as folows:
IS
Cairo
Week
Sept. 1.
10, IS."^
(3,027
195,748
107,704
25.234
45,685
30,153
124,493
Rock Island
1
Louisville
4,2.5.3
Cincinnati
other routes,
,884
2,401
18,942
&c
Total Kross overland
43,690
Deduct sliipmenis
OverhiiKl to N. Y., Boston, &c. 7,972
Between interior towns
675
Inland, &c., from South
1,333
—
Total to be deducted
Leaving
9,980
total net overland_n
a Including
1904-05
Since
Since
St. Louis
Via
Via
Via
Via
Via
Via
05-06—
5.
Sept.
1.
8,447
797
4,574
3,446
20,487
295,793
176,894
28,354
46,972
31,819
126,840
529,017
59,600
704.676
87,227
9,358
9,071
78,704
18,1.56
2,415
3,143
6,501
19,237
114.741
14,629
104,442
600,234
44,971
414,276
33,710
movement by
Week.
21,849
to Canada.
rail
The foregoing shows the week's net overland movement
this year has been 33,710 bales, against 44,971 bales for the
week last year, and that for the season to date the aggregate
net overland exhibits a decrease from a year ago of 185,958
bales.
1905-06
Since
In Sight and Spinners'
Week.
Talcings.
1904-0.5
Sept. 1.
Receipts at ports to Jan. 5
-..146,367 5,200,840
Net overland to Jan. 5
414,276
33,710
Southern consumption to Jan. 5.. 45,000
817,000
Total marketed
225,077 6,432,116
o24.631
611,674
Interior stocks in excess
Came into sight during week.
Total in sight Jan. 5.^
North
tt
.
spin's' takings to Jan. 5.
Since
Week
Sept 1
200,167 6,040,428
()00,234
44,971
44,000
744,000
.
.
289,1.38 7,384,662
a22,931
8,086,107
7,043,790
.
701,445
266,207
.200,446
66,385 1,240,227
94.111
1,232,144
-
.7.230,944
.7,077,613
Decrease during week.
Movement
Week
—
1903— .Ian.
1902— Jan.
1901— Jan
1900— Jan.
.
into sight in previous years:
Bales.
8
9..
10
11..
Sitice Sept.
1—
281,727 1903-04--Jan. 8
335,4.59 1902-03--Jan
9
360,664 1901-02--Jan 10
223.866 1900-01
Jan 11
11.95
11.75
12.10
11 11-16
llVs
ii 11-16
n%
n%11-16
11
11 11-16
11>^
llH
llM
nvs
Raleigh
IShreveport
11
11 9-16
Monday. Tuesday. Wed'day. Thursd'y. Friday,
Jan.
Jan.
1.
2.
Jan.
3.
Jan.
— @ —— @ ~H
H
L
L
1
I
D
A
Y
Y
@.
4.
Jan.
na'es.
.7,0.50,527
.(,.015,620
5.
—— @ —
11. 32-. 52 11. 44-. 60 11. 67-. 78 11.61-.65
11. 44- .45 11. 59-. 60 11.70-.72 11. 62-. 64
11. 5,5-. 78 11.73-.84 11.91-.05 11. 82-. 96
11. 69-. 70 11.81-.82 11.9.5-.96 11. 87-. 88
D
A
11. 67- .88 11. 86-. 95 12.0.3-.18 11. 94-. 09
11. 80-. 81 11.94-.95 12.08-.09 11. 99-. 00
11. 78-. 97 11. 98-. 06 12.14-.21 12.05-. 15
11.90-.91 12. 04-. 05 12. 17-. 18 12. OS-. 09
Easy
Steady.
Steady. Veryst'y Quiet.
Steady. Steady. Steady
WEATHER REPORTS BY TELEGRAPH.— Reports
to
evening from the South denote that
rain has been general the past week with the precipitation
Picking has been pracrather heavy in some sections.
tically completed and the movement of the crop, partly as
a result of the tendency to hold cotton, has been less free.
There has been rain on two days of
Galveston. Texas.
the week, the rainfall being seventy-three hundredths of
an inch. The thermometer has averaged 53, ranging from
40 to 66.
Corpus Christi, Te.Tas. Rain has fallen heavily on two
days during the week, the rainfall reaching three inches
and thirty-six hundredths. The thermometer has ranged
from 38 to 72, averaging 55.
Rain has fallen on four days of the
Fort Worth, Texas.
week, the rainfall being ninety-five hundredths of an inch.
us
COOOMOtO^" — C0C;T^4^tO.f'Cn00OC;iC000tO^4^O000> to to 00 Ot to to to
—
11.75
12.20
11 11-16
Dee. 30.
Spot
Options
I
Oi^oocoocoH-tococjiMO^toc. oootocoto ootoo^-to CJI ^j to ^I
OCmDtOOCnOOOOCO^tD^COtOC;'^0^*-COOiOrf^02--l^ ajtb-oc^i totooi
January
Shipped
11
Tone-
to
tO^Jit-^-vUnCOOrf^it'tDtDOOtO^IOOi
'
11 9-16
nys
Sat' day.
Range
>t>.C;i^i-'
co*.^ CO too ootOHOi — ^ C;> to CO CO
C-.OOtOtOCJiCOO^ItO^OH-tOOtOCO Cn C; 00 0;
to
I
nVi
11 9-16
Montgomery- -11)^
Closing
C;i03>to*'C7iOtOi
IIH
Nashville
-
ioa>i&.^-h5i-'(otO"0>
11.62
12.00
11^
nn
UH
11.85
11.75
11.62
12.10
H
1134
Ji
MVa.
IIH
11 11-16<
11 11-16
11
V.
11 5-16
NEW ORLEANS OPTION MARKET.—The highest, low-
COCOOOOCitOtOCDW^t005C003>>(iOOCOOO'— Wit^OWOOMCni— 03OJ*-
o'.i-'W
5-16
11 5-16
11-16
11-16
5-16
7-16
and closing cjuotations for leading options in the New
Orleans cotton market for the past week have been as follows:
<ioooooooi;»^Oioiwoj*»(Dtoo)H--^tOH-^-totO'— H-
I
11
11
11
11
11
11
est
Q000WC/it0tb.00OMWC0tX>l\3t0tO00O.***-'-4.-O00C0MW^Iit»-JM3;>^ra
to
00
M W 00 O
OsOCOOtOOOOSOii
—
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
[Natchez
Louisville
im
lliJi
Atlanta
\\%
Co"
00«
OM
Mi-'W0lO00C;iOM^0iC>J^^Cn0iC.'00C0:0*»OCiH-0iC0.^. MtOtCOH-OrtO
05 Cn ife. to Hto to 00 Oi
11 11-16
11 9-16
11
.90
im
11 11-16
St. Louis
M'h&.
Middling Cotton on
Monday. Tuesday. Wed'day. Thursd'y. Friday.
Sat' day.
OrleansMobile
y: ii (K
for
(jalveston
Savannah
CO
.
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — ]'>elow are the closing cjuotations of middling
Witk ending
Jan. 5.
-1
H
THE CHRONICLE.
11)0(1
receipts for the
- -
.
by telegraph
this
—
—
—
Average thermometer 41, highest 54, lowest 28.
We have had rain on two days of the
Palestine, Texas.
week, the precipitation reaching one inch and twenty-eight
hundredths. The thermometer has averaged 49, the highest
being 66 and the lowest 32.
We have had rain on four days of the
Taylor. Texas.
past week, the rainfall being seventy-five hundredths of an
The thermometer has averaged 50, ranging from
inch.
—
—
30 to 70.
San Antonio, Texas. There has been rain on three days
of th(> week, the precipitation reaching twenty-four hundredths of an inch. The thermomet(>r has ranged from
29 to 68, averaging 49.
Rain has fallen on three days of the
Abilene, Texas.
week, the rainfall being thirty-seven hundredths of an inch.
Average thermometer 38, highest 54, lowest 21.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall being ninety-nine hundredths of an
The thermometer has averagcnl 54.
inch.
There has been rain on four days
Shreveport, Louisiana.
of the past week, th(> rainfall reaching ninety-five hundredths
of an inch.
The thermometer has averaged 48, ranging
from 32 to 62.
We have had rain on three
Vicksburg, Mis.sis.np pi.
days during the week, the rainfall reaching two inches and
The thermometer has averaged 47,
nineteen hundredths.
the highest being 69 and the lowest 35.
But little cotton remains in the
Little Rock, Arkansas.
We have had rain on three days of the week,
fields to i:)ick.
the rainfall being (me inch and eighty-one hundredths.
Average thermometer 40, highest 58 and lowest 28.
Some cotton yet in the fields. We
Helena, Arkan.sas.
have had rain on two days during th(> week, the precipitaThe thermometer
tion being one inch and two hundredths.
has ranged from 27 to 61. averaging 42.3
—
—
—
—
—
—
—
———
.
•
.
.
.
.
THE CHRONICLE.
5Q
—
.
[Vol. lxxxii.
—
This statement shows that the receipts for the week were
Picking and ginning are over and
Nashville, Tennessee.
what cotton remains is in strong liands. There lias been 230,000 cantars and the foreign shipments 23,250 bales.
rain on two days the past week, the rainfall reaching sixtyMANCHESTER MARKET.— Our report received by
The thermometer has aver- cable to-night from Manchester states that the market is
eight hundredths of an inch.
aged 46, ranging from 25 to 66.
firm for yarns and steady for shirtings.
The demand for
Memphis, Tennessee. We have had rain on three days both yarn and cloth is improving. We give the prices for
during the week, the rainfall being one inch and .sixteen to-day below and leave tho.se for previous weeks of this
hundredths. The thermometer has averaged 42.8, the and last year for comparison.
highest being 60.9 and the lowest 30.
—
—
Heavv rains in the interior in midMobile. Alabama.
Reports indicate small stocks of cotton. We have
had rain on four days during the Aveek, to the extent of
one inch and sixteen hundredths. The thermometer has
ranged from 36 to 66, averaging 51.
Montgomery, Alabama. We have had rain on three days
during the past week, the rainfall being one inch and eightyseven hundredths. Average thermometer 47, highest 66,
lowest 29.
Madison, Florida. There has been rain on two days of
the past week, the rainfall reaching four inches. The
thermometer has averaged 49, ranging from 30 to 68.
Savannah, Georgia. Rain has fallen on three days of
the week, the precipitation reaching one inch and thirtyThe thermometer has averaged 51, the
eight hundredths.
highest being 71 and the lowest 34.
Augusta, Georgia. There has been rain on two days
during the week, the precipitation reaching ninety-five
hundredths of an inch. 'Average thermometer 48, highest
70, lowest 29.
We have had rain on three
Charleston, South Carolina.
days during the week, the precipitation being one inch and
The thermometer has ranged
twenty-five hundredths.
from 34 to 67, averaging 52.
It has rained on three days
Greenwood, South Carolina.
during the week, the rainfall reaching three inches and
Average thermometer 42, highest 49,
fourteen hundredths.
lowest 34.
Stateburg, South Carolina. -We have had rain on three
days during the Aveek, the precipitation reaching one inch
and twenty-two hundredths. The thermometer has averaged 47, the highest being 69 and the lowest 28.
There has been rain the past
Charlotte, North Carolina.
week to the extent of two inches and ninety-one hundredths.
1905-06.
week.
—
8'A
32s Cop.
—
—
—
—
—
The thermometer has averaged
40, ranging
from 28
to 53.
INDIA COTTON MOVEMENT FROM ALL PORTS.—
receipts of cotton at Bombay and the shipments from
India ports for the week and for the season from Sept. 1
for three years have been as follows:
The
all
January
4.
Receipts at
Week.
Sept.
For
Great
^rom—
Britain.
Week
1.
the
Sept. 1.
60,000
771,000
129,000
Since
Since
Since
—
Bombay
Exports
1903-04.
1904-05.
1905-06.
Week.
76,000
588,000
Since September
Week.
Great
Britain
Continent.
2,000
1,000
3,000
479,000
Total.
35,000
32,000
32,000
37,000
33,000
35,000
16,000
7,000
8,000
212,000
68,000
95,000
228 ,000
75,000
103,000
1,000
1,000
2,000
'i"iooo
13,000
9,000
7,000
15,000
9,000
8,000
Total.
Calcutta—
1905-06
1904-05
1903-04
32* Cop.
Twist.
d.
d.
6.16 8 7-16
6.42 8H
6.29
6.31
6.24
1
8
15
22
29
Jan.
8
©9
15-16®
iVi
lbs. Shirt-
8>A
Mid
Ups.
iCot'n
common
ings,
I
d.
d.
5 11
5 11
s.
s.
@9
@9
8K;5 10H@9
8j|i5 9 @8
@
%
9H
9
8Ji 5
6.23 IVi
8|5
JUTE BUTS BAGGING, ETC.—The
@8
7
market
Mid
Ups.
to finest.
d.
10
S
d.
4.77
4.19
4.19
4.04
3.77
8
3.79
^
for
jute
bagging has continued very dull during the week under
review, but prices are unchanged at 6^c. for 1^ lbs. and
6|^^c. for 2 lbs. standard grades.
Jute butts also very dull
at 13/2@lMc- for paper quality and 2@2i^c. for bagging
quality.
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 180,912 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
NEW YORK—To
Total bales.
Liverpool, per Canada, 731
To London, per Mesaba, 500
To Bremen, per Rhein, 1,581
To Antwerp, per St. Andrews, 264
NEW ORLEANS—To Liverpool— Jan.
731
500
1,581
3— Jamaican,
264
4,345
— Kensington, 10,000; Mechanician, 17,000
To Havre — Dec. 29 — Massachusetts, 15,194
Jan. 5 — Phoenicia,
To Hanrburg—Jan. 4— Dorothy, 105
226:.:
30
—
—
Augustus,
To Copenhagen Dec.
1,547
Jan. -5
To Barcelona— Dec. 29— Pio IX., 1,381
To Genoa— Dec. 29— Pio IX. 3,914
GALVESTON—To Liverpool— Dec. 27— Wayfarer, 24,038
Dec.
30— Missouri,
Montauk
To Bremen
11,649; Rio Jano, 11,892
31,345
15,194
331
1,547
1,381
3,914
Jan. 2
Point 8,492
56.071
Jan. 3 Planet
Jan. 2 Northlands, 5,186
Mars, 6,839
12,025
35
To Hamburg Dec. 27 Ambassador, 35
300
To Rotterdam— Dec. 28— Llangibby, 300
5,151
To Ghent— Dec. 29— Haslingden, 5,151
1,625
To Reval— Dec. 30— Mahn Head, 1,625
100
To Riga— Dec. 30— Maliu Head, 100
300
PENSACOLA— To Genoa— Jan. 2— Provincia, 300
Liverpool—
Cayo
Manzanillo,
Dec. 30—
5,526.
5,526
To
7,259
To Bremen Jan. 4 Nemea, 7,259
2
To Rotterdam Dec. 30 Elswick Manor, 2
131
To Antwerp Dec. 30 Elswick Manor, 131
105
To Ghent Dec. 30 Elswick Manor, 105
1
To Riga Dec. 30 Elswick Manor, 1
5,316
To Barcelona— Dec. 30— Clara, 200; Himeira, 5,116
550
To Genoa Dec. 30 Himeira, 550
2.100
To Trieste— Dec. 30— Clara, 2,100
400
To Venice— Dec. 30—Clara, 400
1,200
To Fiume— Dec. 30—Clara, 1,200
9,850
WILMINGTON—To Beemen— Dec. 29— Hesleyside, 9.850
1,000
To Liverpool— Dec. 30— Powhatan, 1,000
367
To Glasgow— Dec. 29— Hestia, 367
Dec. 29
BOSTON—To Liverpool— Dec. 28— Bohemian, 700
Jan. 2 Saxonia, 3,368
Ottoman, 356; Sachem, 599
Winifredian, 2,963
7,986
Jan.
252
To Yarmouth— Jan. 2— Boston, 252
154
To Halifax Jan. 2 Aranmore, 154
1,131
BALTIMORE— To Liverpool— Dec. 29— Templemore, 1,131
400
400
Jan.
Cassel,
To Bremen—
1,275
PHILADELPHIA— To Liverpool— Dec. 29— Merion, 1,275
322
SAN FRANCISCO— To Japan— Dec. 30— Korea, 322
2
Kanagawa
Maru,
2,262
Jan.
2,262
To
Japan
SEATTLE
928
PORTLAND, ORE.— To Japan— Dec. 30—Arabia, 928
—
—
SAVANNAH—
——
—
—
—
—
—
—
,
—
—
—
—
—
—
—
NORFOLK—
1
Continent.
Bombay
1905-06
1904-05
1903-04
Sept. 1.
to }inest.
Dec.
—
—
common
ings,
Twist.
1904-05.
Cot'n
lbs. Shirt-
—
—
—
3—
—
—
3—
—
—
—
Madras
1905-06
1904-05
1903-04
All others
1905-06
1904-05
1903-04
•
"r,55o
2,000
2,000
1,000
3,000
2,000
2,000
5,000
1.000
2,000
5,000
17,000
10,000
16,000
18,000
12,000
21,000
2,000
3,000
2,000
1,000
5,000
2,000
3,000
47,000
39,000
36,000
52,000
41,000
39,000
from
1,000
2,000
V.OOO
3,000
4,000
5,000
40,000
33,000
36,000
43,000
37,000
41,000
24,000
11,000
17,000
289,000
126,000
154,000
313,000
137,000
171,000
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through
Choremi, Benachi &
arrangements made with Messrs.
Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of^the previous two years:
Alexandria, Egypt,
January
1905-06.
1904-05.
1903-04.
230,000
2,822,250
230,000
3,618,145
300,000
4,411,652
3.
Receipts (cantars a)
This week
Since Sept.
to Japan since Sept. 1 havebeen 33 ,612jbales
Pacific ports and 500 bales from New York.
LIVERPOOL.— By cable from Liverpool we have the
at that
following statement of the week's sales, stock, &c
.
Sales of the
week
44,000
2,000
1,000
39,000
5,000
59,000
869,000
763,000
128,000
109,000
478,000
419,000
Of which exporters took.. 2,000
Of which speculators took 3,000
43,000
Sales American
12,000
85,000
804,000
Total stock Estimated
Of which American— Est. 701, 000
Total import of the week... 94,000
70,000
Of which American
505,000
Amount afloat
454,000
Of which American
Actual export
Forwarded
—
Saturday.
Spot.
Monday.
Tuesday.
Market
Quiet.
12:15
Since
This
week. Sept. 1.
Exports (bales)—
To Liverpool
To Manchester
To Continent
To America
5,500 114,296
8, 5001 74,693
7,000 129,900
2,250, 33,742
..
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
5,000 112.057
7,000 119,952
6,750 62,513 5,750 74,299
3,500 126,367 14,750 145,300
2,000 25,629
2,750 25,220
23,250 352,631 17,250 326,566 30,250 364,771
Total exports
1
a
A
cantar
is
98
lbs.
Dec. 29.
28,000
1,000
24,000
9,000
71,000
1,022,000
900,000
233,000
192,000
358,000
311,000
Jan. 5.
49,000
1,000
1,000
42,000
7,000
90,000
1,069,000
939,000
143,000
113,000
366,000
317,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
—
1
Dec. 22.
Dec. 15.
bales. 49,000
P.M.
t.-
,
port:
Total all—
1905-06
1904-05
1903-04
fX
...180,912
Total.
The exports
Ml
Upl'ds
Sales
Market
opened
Market,
4
P.
M.
J
Friday.
More
demand.
Fair
business
doing.
Fair
business
doing.
6.10
6.12
6.21
6.23
10.000
12,000
1.000
10,000
Easy at
500
500
Weak
1
Thursday.
S.OOO
Spec.&exp.
Futures.
Wed' day.
at
Quiet at
Steady at
pts.
decline.
2 points
decline.
advance
Quiet at
Steady at
6@7
9@11
pts.
decline
3@6
pts.
advance
1®2
pts.
Firm at
6® 10
pts.
advance.
500
o pts
decline.
B.Vly st'dy
at2@3pts.
decline.
—
.
Jan. G 1900.
.
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and lOOi/i. Thus, 5.96 means
5 96-lOOrf.
57
Mon.
Sat.
-f.o.b. 36
.f.o.b. 37M
No. 2 mixed
No. 2 white, clipped.
DAILY CLOSING PRICES OF NO.
Mon.
1
d.
(I.
Jan.
1.
12H
4
Wed.
Tues.
Jan. 2.
12H
Jan.
12M
4
Thurs.
Jan. 4.
3.
4
12M
4
Fri.
Jan 5
.
12H
4
d.
d.
January delivery in elevator
May dehvery in elevator
July delivery in elevator
The following
December
Dec-Jan.
Jan .-Feb.
Feb.-Mch.
Mch.-Apr.
Apr. -May.
May-June
June-July
July-Aug.
Aug .-Sep.
d.
(I.
a 96
.5
96
.5
.5
H
H
L
L
I
I
D
A
Y
D
A
Y
d.
6
U
6
6
12
13
_
05
5 84 5 83 5 84
Oct.-Nov.
5 76 5 76 5 77
Sep. -Oct
d.
98 5 98 6 03
98 5 98 () 03
6 01 6 06
6 05 6 09
6 08 6 12
6 00 () 02
6 05 6 06
6 08 6 09
11 6 12
6 12 6 13
B 12 6 14
6 03 6 05
O
O
d.
(i
6
6
6
6
5
5
d.
6
6
6
6
6
15 6
Ki 6
18 6
d.
2
Mo7i.
Tues.
Wed. Thurs.
313^
32)/g
Holi-
30^
day.
31M
Z2%
30M
07 6 12 6 09 6 10
07 6 12 6 09 6 10
10 6 15 6 12
13 6 19 6 16
16 6 22 6 19
19 6 25 6 22
20 6 26 6 23
21 6 27 6 24
13 6 19 6 16
6 13
6 17
6 20
6 23
6 24
6 25
09 6
6 17
89 5 89 5 95 5 92 5 92
82 5 82 5 88 5 85 5 85
3 35
3 90
4 35
Wheat, per bush
N. Dul., No. 1..
N. Dul., No. 2..
Red winter, No. 2
Hard
stocks.
Speculation in wheat for future delivery has continued
on a moderate scale only, but there has been a firmer tone
and prices have advanced. The world's exports of wheat
for the previous week to European importing markets
reached only moderate figures, there being a considerable
falling oflF in the exports from Russia.
The advices from
the Northwestern markets continued to report a fairly free
movement of the spring-wheat crop, but the demand from
millers was improving, as, with the holiday sea.son past,
flour mills were resuming operations, anticipating a revival
of the demand for flour.
It is claimed that a large percentage of the wheat now arriving at the Northwestern
markets is from country elevators and not a direct movement from farmers. European markets have shown some
improvement, and during the latter part of the week advices
were received saying that Portugal will temporarily reduce
the duty on wheat to allow additional imports of 2,000,000
bushels.
Le.ss favorable weather conditions have been
experienced in the winter-wheat belt for the growing crop,
but no serious damage has been reported. The spot markets
have been more active and firmer; exporters have been
better buyers.
To-day the tone was easier under selling to
realize profits induced by increa.sing stocks at the Northwestern market. The spot market was fairly active, exporters being buyers of Manitoba wheat.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat.
Mon. Tiies. Wed. Thum. Fri.
No. 2red winter
May
f.o.b.
delivery in elevator
July delivery in elevator
95J4
95?^
925^
955^
95J^
92J^
92^
Holi-
89
day.
89}/g
92^
89M
Sat.
Mon.
Tues.
Wed. Thurs.
Holi-
84
88}4
day.
84%
953^
92}^
89?^
89M
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
January delivery in elevator
May
delivery in elevator
July delivery in elevator
87J^
84^
84Ji
88M
84%
84J^
88^
84Yi
Fri.
84)^
88^
84^
A
DAILY CLOSING PRICES OF NO.
Cash corn
January delivery
2
Sat.
f.o.b. 51
in elevator
MIXED CORN IN NEW YORK.
Mon.
Tues.
Wed. Thurs.
Fri.
50M ^•>^H
52^1 53^
May delivery in elevator
bO% '>()%
50M day.
July delivery in elevator
50^
B0% .50^
.50H
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
in elevator
delivery in elevator
July delivery in elevator
51
51
52^
50K
50^
52M
50%
Sat.
Mon.
Tues.
41
Wed. Thurs.
40>^
Holi-
44^
40^
44M
44'>i
445^
day.
44?i
443^
44%'
January delivery
May
Holi-
45i^
Fri.
41)^
44J^
4534
Oats for future delivery at the Western market have been
quiet, but there has been a fractional advance in prices,
To-day the tone was quiet but steady.
Siy»
32}^^
30J^
@S4
Patent, winter
84 40
City mills, patent. 4 90
Rye flour
3 80
Buckwheat
@
@
2 00
flour.
2 95
3 00
Corn, per bush.
75
5.40
4 40
2 15
3 00
3 05
c.
Western mixed..
No. 2 mixed
No. 2 yellow
Nom'l
No. 2 white
36
37
Rye, per bush.—
37 @, 42
Western
Nominal.
State and Jersey.
Nominal.
Barley Western..
Feeding
— Mixed, bush.
953^
933^
9534
@
48
50 ?i
50M
f.o.b.
f.o.b.
f.o.b.
@
50
M
51
@
@
@
70
76
Nominal.
47
55
41
45
—
—
Exports of Flour and Grain from Pacific Ports. The exports of grain and flour from Pacific ports for the week
ending Jan. 4, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 12,000 barrels
flour; to South Pacific ports, 2,500 barrels flour, 350 bushels
wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1 1905, comparison being
made with
Exports ^rom
the corresponding period of last year.
Flour,
—
Wheal,
hush.
hbls.
San Franci.sco.
Puget Sound. _
Corn,
Ont.'i.
hush.
bush.
1,669
295,233
894,195
550,000
52,681
2,521,377
2,250,000
26,000
29,545
Total
1,739,428
Total 1904-05-1,536,269
4,824,058
55,545
82,680
Portland
3,3,59,832
Barley,
bush.
Rye,
2,103,474
554
165,546
212,916
32
214,617
99,530
2,269,574
2,954,4.38
bush.
...
311
311
816
The movement of breadstuffs to market as indicated in the
.statements below is prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
Wheat.
Flour.
Corn.
Chicago
Milwaukee..
139,329
18,425
Duluth
MinneapoiisToledo
Detroit
Cleveland _.
St. Louis
Peoria
Kansas City.
9,200
1,021
40.560
13,850
Tot.wk.05
222,385
261,601
431,612
Same wk.'04
Same wk.03
Since Aus.
1905
1904
1903
249,803
170,720
674,207
3,317,560
56,000
20,027
16,404
301,184
5,600
454,000
2,876,100
164,350
5.265.505
2.899,095
5,7.')5,757
bush.Z2
Rye.
Barley.
Oats.
bbls.imibs. bush. GO lbs. bush .56 lbs
bu. 56 lbs.
lbs. bush.iHlbs.
23 1,520
165,000
335,400
356,573
405,000
248,200
1,158,000
2,056,900
257,600
219,385
459,040
54,800
120,168
72,937
440,100
210,000
257,200
466,121
336.600
140,674
395,330
1,000
96,250
68,600
15,600
2,400
5,940,143
6,510,139
3,396,521
4,148,130
1,785,101
3,291,651
1,504.575
1,450,099
1,022,583
147,698
91,246
201,278
30,000
26,400
18,108
53,390
2,400
1
10,131,592 145,349,879
8,860,251 136,458,191
10.004,018 141,366,717
83,642,915 120,508,051 48,887,836 5,080,240
.S2 ,4 10,949
87,608,999 44,049,473 4,621,557
76,001,791 79,239,449 41,048,915 4,394,752
Total receipts of flour and grain at the seaboard ports for
the week ending December 30 follow:
Receipts at
Portland
Philadelphia
Baltimore
Montreal
Mobile
John
Total week
Week
1905
130,700
45,361
24,524
52,049
43,430
1,940
29,656
8,578
Corn,
bush.
bush.
Oats,
bush.
Barley,
bush.
531,000
412,212
608,389
123,943
89,332
40,774
56,000
68,500
148,800
621.350
133,423
576,000
76,701
345,600
110,448
626,619
1,662,663
15,626
572,859
1,153,000
439,600
121,199
12,843
31,590
8,571
19S'.675
10,400
13,633
bbls.
Boston
St.
Wheat,
Flour,
—
New York
"5^960
2,748
6,420
17,782
210,000
369.154
289,027
2,288.950
904,209
5. .399. 343
4,378,170
a Receipts do not include grain passing through
through bills of lading.
69,541
30,110
490,000
66,000
Rye,
bush.
975
32,245
64,297
14.931
7,543
1„538,608 551.921
33,220
526,795 372.767
7,215
Orleans for foreign ports on
New
Total receipts at ports from January
for four years:
1
to
December 30
compare as follows
Receipts of
—
Flour
1905.
14,353,049
1904.
16,928,200
1903.
21,992.591
1902.
22,092,931
bush. 51,669,067
112,906,317
72,856,536
14,038,883
1,465,366
41,956,4,86
8,686,654
1,182,172
103,500,129
99.712,989
53,090,153
4,890.810
4,011,149
185,484,491
28,528.835
52,002,571
4.106,448
5,728.877
252.936.169
157 912.779
265,205, 230
225.851,222
bbls.
Wheat
Corn
Oats
Barley
Rye
Total grain
58,447,508
47.6.39,9.39
The export s from the
several se aboard ports for the week
ending last S; iturday are shown in the annexed statement:
Rr ports pom —
New York
Portland
Boston
Philadelphia
Baltimore
.Norf()lk__
following the improvement in values for wheat and corn. Newport News
New Orleans
The movement of the crop has continued on a fairly liberal Galveston
Mobile
scale, but there has been a good trade demand, offerings St, Johns, N.B
being fairly well absorbed. The spot market has h(>ld
Total week
steady.
Z2%
^0%
Corn meal
Western, etc
Brandy wine
c.
"
Indian corn futures have been quiet, but the tone of the
Richmond
market has held steady. The settlement of the December Newport News
New Orleans-a.••deal
in
Chicago
was
accomplished without excite- Galveston
ment, a large quantity of corn being tendered at the close Norfolk
of last week.
Owing to unsettled weather conditions interfering with the handling of the crop, the movement has
faUen off, the receipts for the past week reaching only
moderate figures. Some interest has been shown by exporters as buyers, but the amount of business transacted
has been limited as dealers in the interior, as a rule, have
not been willing to guarantee No. 3 corn (which is the grade
most wanted) arriving in condition. To-day the market
was steadier.
limited export business was transacted in
the spot market at unchanged prices.
05
20
30
90
4 25
5 45
3
3
3
3
f.o.b.
f.o.b.
f.o.b.
f.o.b.
No. 2 mixed
No. 2 white
BREADSTUFFS.
moderately good purchasers of spring-wheat flour, paying
during the latter part of the week an advance of 5c. per
The demand for rye flour
bbl. over prices ruling last week.
has been limited, but prices have held steady.
Buckwheat
flour has been quiet but steady at unchanged prices.
Cornmeal has been firmly held for spot supplies due to small
Fri.
31M
32H
^0%
GRAIN.
White
Friday, Jan. 5 1906.
better market has been experienced for wheat flour.
Buyers, influenced by a firmer turn to values for the grain,
have shown increased interest, and jobbers have been
@
@
@
@
@
&>
3 10
3 25
Clears
Straights
Patent, spring
Oats
A
FLOUR.
@$2 95
$2 75
3 00
Fine
Superfine
Extra, No. 2
Extra, No. 1
36M 36M 363^
37K BtH 37}^ 37}^
MIXED OATS IN CHICAGO.
36
day.
are clo.sing quotations:
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
Wed. Thurs. Fri.
Tues.
Holi-
Sal.
12H
.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
The
Sat.
.
THE CHRONICLE.
j
below.
Dec. 30.
— —
.
Same
Wlwat,
Corn,
bush
bush
544.085
602,1.58
608,389
205,622
94,795
191,293
775,028
88,001 1,640.8.50
121,199
56.000
572,859
88,000 1,102.279
296,000 1,208,322
31, .590
..
210,000
8.571
Flour,
Oats,
Rye.
bbls.
hush
74,813
bush.
63,412
24,524
23,044
66.976
57,851
5,960
29,056
28,607
10,524
6.420
17,782
2,287.390 6,217,651 334,756
time 1904.. 357.8113,342.939 94.039
'lOO
Barley,
bu.<th
.
117,376
Peas,
bush
7,995
10.699
28,940
413.545
60
4"90,6()6
64,297
1,539
1,500
6V.781
612
271.394
286,406
19,315
13.296
9
16,050
998,207
77.271
.
The destination
July
1
is
of these exports for the
Exports lor week and
sinee July 1 III
—
Vnlti'd
week and
since
FlouT
Since
July 1
1905.
30
De<:.
bbls.
-Corn.
Il"//fa(-
July
Dec. 30.
bbls.
1
1905.
busli.
bu.\h.
Klncaom... 226,568 2.860.856 1.270.350 17.399.791
61.915
So. <t Cent. America 9,031
--"
29,213
We.st Indie.s
3,191
Brit. .No.Ain.ColS-.
4,838
Other countries
Continenl
—
Total
Total 1904
Since
July 1
Since
Week
960.900 1,009,194
392.900
649,870,
7,846
89,442
135.444
8,590,779
147,607
34,303
196,000
Week
lit()5.
DiC. 30.
bush.
husk.
2,427.093 18.050.701
3,724,470 19,122.692
206. S64
1,249
773,383
49,084
91,187
8,510
29,817
7,245
.-.334,750 5,095,418 2,287.390 20,374,480 0,217,651 38,274,644
94.039 3.301,716
357,811
7,555,402 3,342,939 18,030,471
The vii^ible supply of grain, comprising the stocks in
granaiy at the principal ports of accumulation at lake and
seaboard ports, December 30 1905, was as follows:
Wheat,
bvsh
1.003,000
New York
Corn,
bush.
r57,000
730,000
532,000
343.000
150,000
321,000
154,000
32,000
3,810.000
0.343,000
608.000
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Buffalo
afloat
Toledo
bush.
Barley,
bush.
228,000
847,000
52,000
170,000
700.000
335,000
335.000
afloat
Boston
Oats,
bush.
1,6.35,000
1,635.000
71,000
283,000
2,080,000
1,391.000
619,000
41,000
34,000
470,606
Rye,
305,666
127.000
63.000
86,000
30,000
2,498,000
230.000
1,537,000
203,000
125.000
79,000
2.500.000
49.000
6,000
afloat
Detroit
"
afloat
Chicaeo
"
'
afloat
Milwaukee...
484,000
183^666
48.000
207.000
5.081.000
430.000
307,000
,762^666
5. 54 5] 666
0"57"666
S4;666
152.000
338.000
89.000
125.000
688.000
200.000
85.000
1,584.000
41.000
17.000
2,000
403,000
afloat
Ft. William
afloat
Port Arthur
Duluth
2.014.000
106.000
1.170,000
-- 4,003,000
1,000
10,542.000
-- 2,315.000
114.000
306.000
4,243,000
651,000
6,405,000
887,000
1.396.000
9.000
288.000
397^666
214,000
124,000
189.000
1,865.000
44.000
afloat
Minneapolis
St.Loms
afloat
Kansas City
Peoria
Indianapolis
On Mississippi River
On Lakes
On Canal and River
11,877,000
10.555,000
9,577,000
5,783,000
6,584,000
28,053,000
27,726,000
22,892,000
8,508,000
4,799,000
6,310,000
6,236,000
6,908,000
5,380,000
2,876,000
2,386,000
2,533.000
1,983,000
1,228,000
1,097,000
—
1905.
Year.
11
1,293
22
1,049
Week
382
Arabia
Africa
West Indies
Mexico
Central America
South America
Other Countries
19
546
64
206
424
227
107,484
07,484
18,917
25,644
11,225
34,765
2,898
16,850
60,376
16,767
1904.
Year.
1,598
Week.
135
68
2,134
152
1,560
186
2,101
297,268
season.
570
40
114
1,409
796
7,164
263,325
of these New York exports since Jan. 1 has been
$16,833,911 in 1905, against $15,484,611 in 1904.
There has been little doing in heavy brown drills and
sheetings but the present lack of interest shown by buyers
does not disturb manufacturers, as th(> number of orders on
hand is large and buyers will shortly have to re-commence
Light-weight sheetings have
purcha.sing to fill their needs.
been in better request and some fair sales have been reported.
Inquiries have been on a moderately large scale and more
goods could be sold were they available for early delivery.
Export business has amounted to nothing, but mills working
on export lines are for the most part well sold ahead. Spot
bleached goods have been taken in small quantities and while
the demand has not been heavy, all fines are firm with an
and worsted
dress goods have been quiet.
There are further signs of
improvement in the silk market but present conditions are
far from satisfactory.
Ribbons are duU. Linens are very
firm, with an advancing tendency.
Burlaps are firmly held
and continue scarce.
Importations and "Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Jan. 4 1906, and since
January 1 1906, and for the corresponding periods of last
year are as follows:
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874
101,605
7,988
20,876
9,481
21,999
2,514
14,570
80,264
21,556
new
causing quietness in the
is
heavy-weight fines. It is expected that when the medium
and higher grades of goods are opened they will show material advances and all-worsted goods are expected to be
marked up a full 25c. a yard. There is little new to report
in the dress goods end of the market, as conditions have been
extremely quiet, and little progress has yet been made with
FOREIGN DRY GOODS.— Imported woolen
York, Friday, Jan. 5 1906.
Conditions have been very quiet in the cotton goods
market during the past week, few buyers having yet returned
There have been some present,
to town after the holidays.
however, and they have spent their time trying to pick up
cheap lines of which they were in need. In this they have
been singularly unsuccessful, for prices have been very
Spots are still practically unavailable and
firmly held.
sellers having any goods for prompt shipment have no
The current dulness is
difficulty in securing premiums.
not causing much anxiety among sellers, for they claim that
there is still a lot of buying to be done for spring and that
some of the largest factors have not yet covered their requirements by a good deal. Apart from this, manufacturers
are in a very comfortable position, most of them owning
sufficient cotton to cover all their needs for some months
to come, purchased at a price that shows a good profit at
Further, they have enough
present piece-goods prices.
orders on hand to keep them busy for some time at any
rate until buyers are again compelled to re-enter the market.
The export trade shows no signs of immediate improvement,
but exporters are not now willing to re-sell to either the home
trade or to other exporters. The jobbing division is quiet
but buyers are beginning to return to town and an active
period is looked forward to shortly. The woolen and
worsted goods market has also been quiet.
DOMESTIC COTTON GOODS.— The exports of cotton
goods from this port for the week ending Dec. 31 were 2,101
packages, valued at $150,724, their destination being to the
points specified in the tables below:
India
WOOLEN GOODS.— The men's wear heavy-weight woolen and worsted market is not moving along as satisfactorily as had been hoped.
The buying of low-grade lines
has not been nearly as heavy as it was at this time last year,
and under the circumstanees there is little disposition shown
Woolen
to open the medium and better grades of goods.
goods are particularly unfortunate. The stock of these on
hand is moving very slowly and goods are being offered at
lower prices than were originally paid for them.
Under
these circumstances agents do not feel that they can charge
any advances for the new season and in some instances goods
have been opened at a reduction. Worsted goods are
rather more favorably .situated, but even so are not mo\T.ng
very freely. Duplicate orders on light-weights are coming
in very slowly, due to the fact that the mildness of the
season has interfered with the sale of heavy-weight goods,
particularly overcoats.
Until these goods begin to move
more freely clothiers will not reo-rder light-weights and this
the
New
New York to Dec. 31.
Great Britain
to force conce.s.sions.
,
THE DRY GOODS TRADE.
Other European
China
tendency.
When buj'ing re-commences on a
expected that a serious sh ortage of these goods
will be discovered.
Coarse, colored cotton goods have been
particularly firm and in some instances have been advanced.
Ticks are well sold ahead and certain lines are held at value,
and in fact all colored goods show an advancing tendency.
Napped goods are firm, but little bu.siness has Vjeen reported.
There is a strong undertone to the cotton linings market but
the demand has not yet improved to any great extent.
Staple and fancy prints are steadily held but have been
quiet, and the same maybe said of staple and fine grades of
ginghams. Print cloths, both wide and narrow qualities,
are unchanged from a week ago and are firmly held in spite
of a very indifferent demand.
The amount of goods available is very small and manufacturers are resisting attempts
it is
lack of duplicate business
—
Total Dec. 30 1905.-42.951,000
Total Dec, 23 1905- -40.407.000
Total Dec. 31 1904- -40.619.000
TotalJan. 2 1904- -38.205.000
TotalJan. 3 1903-. 49.741,000
[Vol. lxxxii.
advancing
large scale
as behiw:
Week
.
<t
chronicle
thp:
58
H
11
'
kiW
:
.
Jan.
THE CHRONICLE.
100(;
gT^m
m^
OiTY
i^tffi^wtm*
Bond Proposals and
Negotiations
have been as follows
Amagansett (N. Y.) School
—
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witiiout extra charr/e to every
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ot the
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without extra cnnrrje to everv subscriber of the Chronicle.
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WILLIAITI B. DANA COmPANV, Publishers,
Office
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Box 958.
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Dec. 26 $5,000
—
—
—
INDEX TO CHRONICLE VOLUME.
With this issue of our paper we send to our subscribers a
complete index to all the matter appearing in Volume 81
of the "Chronicle," covering the numbers from July 1 1905
to December 30 1905, both inclusive.
The items appearing
during that time in our "State and City Department" will
be found fully indexed there for the whole of the six months
referred to.
—
Charleston, W. Va. Bond Sale.
We are informed, under
date of Jan. 2, that the $60,000 4% 20-30-year (optional)
bridge bonds originally offered on Oct. 19 1905 have been
sold at par to Thos. J. Bolger & Co. of Chicago.
See V.
81, p. 1132, for description of bonds.
Columbus, Ohio. Bond Sale. The Sinking Fund Trustees purchased at par and interest during the month of
December the following bonds:
So. 000 4% Erie Alley Improvement bonds,^ dated Dec. 29 1905, and maturing
March 1 19.36. subject to call after March 1 1916.
14,000 4% Tompkins Street improvement bonds, .dated Dec. 29 1905, and maturing
—
March
Pine Street, Corner of Pearl Street,
Post
week
—
Adxance
fiubscription includes lollowing Sections
this
District No. 3.
Bond Sale.
1-10-year (serial) coupon school
bonds were awarded to the Easthampton National Bank at
101.
Denomination $500. Interest January and July.
Barron Joint School District No. 1, Barron County, Wis.
Bond Offering. Proposals will be received until Jan. 15
for $25,000 4% school-building bonds.
Authority, vote of
131 to 59 at election held Dec. 11 1905.
Denomination
$700 except one bond for $18,700. Date Feb. 1 1906.
Interest annually at the Bank of Barron.
Maturity $700
yearly on Feb. 1 from 1911 to 1919 inclusive and $18,700
on Feb. 1 1920. Total debt $28,500, including this issue.
A,ssessed valuarion 1905. $614,819.
Benton County (Wash.) School District No. 9. Bond
Sale.— On Dec. 30 tlie $1,000 10-year coupon building
bonds described in V. 81, p. 1746, Avere awarded to Wm. D.
Perkins & Co. of Seattle at 101.25 and interest for 53^
per cents.
—On
Terms
59
1
—
1916, subject to call
March
1
1907.
Craig School District No. 25, Le'wis and Clark County,
Mont.—fiond Sale.— On Dec. 1 1905 $1,500 C)% 5-10-year
(optional) coupon school-building bonds were awarded to
the Union Bank & Trust Co. of Helena.
Date Dec. 1 1905.
Interest annually at the office of the County Treasurer in
Helena.
Bonded debt, this issue. As,sessed valuation,
$275,000.
Elkhorn, Walworth County, Wis. Bond Sale. This city
has arranged for a loan from State trust funds of $25,000
at 3}/2% interest for a high-school building.
Interest
annual.
Maturity Feb. 1 1922.
Ephrata, Tsi.—Bond Sale.— On Dec. 15 the $45,000
10-30-year (optional) coupon water-plant-purchase bonds
described in V. 81, p. 1272, were awarded to Mason, Lewis &
Co. of Boston, at 101.266.
Estacada School District No. 108, Clackamas County, Ore.
Bond Sale.— On Dec. 23 an issue of $5,000 5% schoolbuilding bonds was awarded to Mrs. Eliza E. Sawtell for
Denomination $500. Date Jan. 1 1906. Interest
$5,051.
semi-annual.
Maturity twenty years, optional after ten
years.
A bid of par and blank bonds was also received from
Morris Bros, of Portland.
Frio County, Tex.— Bond Sale.— The $1,973 6% 10-40year (optional) bridge-repair bonds registered by the State
Comptroller on Nov. 21 1905, have been sold at par to Frio
County Permanent School Fund. Date of bonds Aug. 15
1905.
Interest annually on April 10.
Gallon (Ohio) School District. Bond Sale. We are advised that an issue of $6,000 coupon funding bonds has been
—
—
4%
—
Mobile,
—
Ne-ws Items.
—
Ala.
Notice to Bondholders.
In
last
week's
stated that the purchasers of the $2,000,000
refunding bonds had refused to take the issue. The reason
for this refusal was the claim made by the attorneys for the
purchasers that the Act under which these bonds were to be
issued "was unconstitutional, because the published notice
of the intention to apply for the passage of the same (required by the Constitution of Alabama of 1901) was deficient
in fullness."
The new bonds were for the purpose of paying
off old bonds which matured Jan. 1 1906.
The refunding
operation having failed, the city finds itself with insufficient
means to pay these bonds. The Mayor, therefore, has
issued the following notice to the holdeis of these bonds:
4%
we
issue
Mobile has the money on deposit sufficient to pay the interest due
Jan. 1 1906 on the bonds then maturing and semi-annual interest on same bonds
on July 1 1906 at 5% and by March 1906 enough money will have been collected to
pay the interest at 5% on these bonds (or a vear after .said date last named. The
city of Mobile urRes such bondholders to either deposit their bonds with the Merchants' National Bank ot New York, where they are payable, to be held in trust
by said bank, the city pledeinK its faith to pay interest at 5% during the year 1906
and until the bonds are paid, to the bank for the holders, or that the holders of such
bonds retain them and present to the Merchants' National Bank in New York, or
at Mobile, Alabama, to be stamped when said interest is paid.
The city pledges its
faith to pay said interest, and that the wharf property upon which wharf bonds
of said Issue have a lien will be sacredly held (or their account until their bonds are
paid.
The bonds ot 1881 evidence debts o( the city of Mobile created prior to Dec. 6
1875, and the city has express power to levy the tax to pay the interest after the
maturity ot said bonds. Section 216 of the Constitution of Alabama o( 1901 is as
The
city o
—
sold
—
Bond
Calls
and Redemptions.
111.— South Park.— 5ond Co//.- Edward G.
Shumway, Secretary South Park Commi.s.sioners, calls for
payment at the Illinois Trust & Savings Bank of Chicago
the following bonds:
Nos. 3, 12, 30, 65, 74, 94, 100, 118, 136, 140, 146, 157,
ItChicago,
—
Harrisburg (Pa.) School District. Bond Offering. Proposals will be received until 7:30 p. m., Jan. 10, by D. D.
Hammelbaugh, Secretary of School Board, for $63,000
coupon refunding bonds. Securities are i.ssued under an
Act of Legislature approved March 1 1899. Denominations
$1,000, $500 or $100, as may be desired by purchaser.
Date Jan. 1 1906. Interest semi-annually at the office of
the City Treasurer.
Maturity twenty years, redeemable
after five years.
Securities will be delivered March 1 1906.
Certified check for
of bonds bid for, payable to the City
Treasurer, recjuired.
Bonds are exempt from all taxes.
4%
2%
—
follows:
"And provided further that this section shall not apply to the city of Mobile,
which city may from and after the ratification of this Con.stitution levy a tax not to
exceed the rate of % of 1% to pay the expenses of the city government, and may also
levy a tax not to exceed U o( 1% to pay the debt existing on the 6th day of December 1875 with interest thereon, or any renewal o( such debt."
The city of Mobile pledges its (alth to secure the passage o( an Act by the Legislature o( Alabama which meets in January 1907 as will beyond doubt authorize
the issuance o( bonds which will be sold to pay off the bonds o( the city of Mobile
of 1881, maturing Jan. 1 1906.
The city of Mobile and its people urge the holders of its bonds not to sacrifice them;
that interest will be paid upon them and the bonds paid off early in 1907.
—
—
Hobart, Oklahoma. Bond Offering.
Proposals will be
received until 10 a. m. Jan. 23 by Nester Rummons, Mayor,
and the City Council for $25,000 5% 30-year water-works
bonds. Interest semi-annual. Successful bidder to fur-
blank bonds.
Huron, Erie County, Ohio. Bond Offering. Proposals
will be received until 12 m. Jan. 6 by C. A. Warnke, Corporation Clerk, for $2,000 6% coupon Center Street sewer
bonds. Authority Section 4005 Revised Statutes of Ohio
and an ordinance passed by the Village Council Oct. 25
1905.
Denomination $500. Interest annually at the office
of the Village Treasurer.
Maturity $500 yearlj'. Accrued
interest to be paid by purchaser.
Certified check for $200
nisli
—
—
206, 255, 277, 307, 308, 325, 353, 399, 417, 428, 435, 488
must be unconditional.
District, Daviess Co., Mo.
Bond Sale.
Tliis district recently awarded an i.ssiie of $1,000 6%
1-5-year (serial) school bonds to the First National Bank of
Barncsville at 102.50.
Denomination $200. Date Jan. 1
and 489.
1906.
Interest will cease on the above numbered bonds on and
after the falling due Feb. 1 of their annual interest coupon.
Ind.^ Bo7id Sale.
The City Council has
par to Albert Kleybolte & Co. of Cincinnati
an issue of $32, ()()() 'i}/2% refunding bonds. Securities are
put out to take up $34,900 5s Avhich matured Jiin. 1 1906—
the difference, $2,900, being paid out of cash in the sinking
The
official notice of this
the advertisements
bond
found among
Department.
call will be
elsewhere in this
required.
—
All bids
—
Jamesport School
Inter<>st
Jeffersonville,
awarded
;i1
annual.
—
—
—
—
THE CHRONICLE
60
Securities will mature $3,000 yearly on Jan. 1
from 1917 to 1924 inclusive and $4,000 on Jan. 1 1925
Jan. 1 1926.
and $4
fund.
mo
—
Laws of 1905. Denomination of bonds to
purcha.ser.
Interest annually at the Finst National
Bank of Carlton. Maturity twenty years. Bonds will be
i.ssued as money is needed for the improvements.
Bonded
debt, this i.ssue; floating debt. $1,000.
A.ssessed valuation
1904, .$67,244.
289, Chapter 11,
suit
—
Julesburg Irrigation District, Colo. Bond Sale. This
district has issued at par $405,000 ()% coupon bonds to purchase reservoir and ditclies. The bonds were taken in payment as follows: $390,000 by D. A. Camfield of Greeley,
$25,000 by Peterson & Loveland of Julesburg, $18,000 by
Peter J. Bangston of Sedgwick; the remaining $32,000 were
used in small amounts in the purchase of water rights, and
arc now largely held by Mark Burk and C. F. Parker of
Julesburg.
Denomination of bonds $500. Date Oct. 1 1904.
Interest semi-annually at the office of the County Treasurer
or at the Hanover National Bank of New York City.
Maturity from eleven to twenty years.
Kennewick School District No. 17, Yakima County, Wash.
—Bond *S'«/e.— On Nov. 4 1905 an issue of $11,000 5}4%
school-building bonds was awarded to Morris Bros, of Portland for $11,187 50.
Denomination $500. Date Dec. 1
1905.
Interest annual.
Maturity twenty years, subject
Lander, Fremont County,
4%
.Milton Kraus, Peru.
Milwaukee, Wis.
N.
J.,
—
GOLD BONDS.
of
REFUNDED ASSESSMENT BONDS
(Coupon Bonds)
Payable January
2, 1906.
Interest January and July.
Dated January
1,
of $500 each.
1-20-year (serial) coupon park
each, twenty of $500 each.
2,
1,
(Registered Bonds)
Payable January
1906.
Interest January and July.
2,
—
1,
Murray Graded Common School District No. 35, Calloway
Ky. —Bond Sale.— On Jan. 1 the $12,400 5%
NEW
with the law for the annual sinking fund: viz: 3, 12,
30,
65,
94, 100, 118. 136, 140, 146, 157. 206.
307, 308, 325, 353, 399, 417, 428, 435,
74,
255, 277,
488, 489.
Interest will cease on the above numbered bonds
on and after the falling due, Feb. 1st, 1906, of their
annual Interest coupon at the Illinois Trust & Savings
Bank, Chicago, 111.
SOUTH PARK COMMISSIONERS,
•
•
•
•
Each bid must be accompanied by a certified check
to the order of the City Treasurer of Jersey City for
two (2) per cent of the par value of the bonds bid for
the amount of said check to be credited upon said bid
If accepted, and to be returned forthwith if not accepted, the purchaser paying accrued interest on bonds
to the day of delivery.
The Board reserves the right to reject any or all
bids it deemed for the best interest of Jersey City.
By order of the Board of Finance.
HOUGH,
City Comptroller.
DAY &
8 Nassau
LIFE INSURANCE
CO.,
NEWARK,
Franklin, Dec. 20th, 1905.
Sealed bids will be received until JANUARY THE
1906. for Forty Thousand ($40,000) 5% water
and sewerage bonds. Send sealed proposals to W.
T. Pace Recorder. All needed information will be
furnished by the Committee upon application. The
Council reserves the right to reject any and all bids.
(Signed)
C. C. VAUGHAN. Sr.
J. E. HOWELL.
ASSBTS (Market
Values) Jan.
1,
Consulting Engineer.
NEW YORK
MUNICIPAL
AND
85,918,837 30
SURPLUS
7,319,562 9
BOSTOSr.
Soecial and Peculiar Advantages
Which are not combined In the
POLICIB8 OF ANY OTHER COMPANY
BOSTON,
CHICAGO,
Bank Bldg.
60 State
of one hundred certificates and
seal press $10: cheaper styles as low as
$2 50 for a book of fifty.
KING &
CO.,
S06 Broadway, N.T
&
R. A. Lancaster
Sons,
BANKERS,
NO. 10 WALL, STREET.
NE^r YORK,
DKAX.XRS nr
INYESTMENT and MISCELLANEOUS
SECURITIES.
SoKtMern Securities a
BONDS.
1st Nat.
San Francisco.
Chicago.
Denyer.
CONTAIN
F.
R.
Street.
Speelalt]r.
FULTON & CO.,
Municipal Bonds.
Grade
High
Investment
171
Bonds
Correspondence Solicited
&
Corporation
Securities Co.
OF PITTSBURGH, PA.
James
$$.
Knlin,
PreBldent
1..
Ii.pIcCIelland,
Seoy.
LA SALLE STREET.
CHICAGO.
NO STOCKS
Engraved
Book
Uorporation
ROLLINS & SONS.
E. H.
MUTUAL BENEFIT POLICIES
Municipal
or
steel or
partly printed and partly lithographed.
Service
BONDS.
1905 .$93,237,790 27
LIABILITIES^
BONDS stoBk certificates
lithographed,
on
B.
KNIGHT.
S. YORK.
CHAS.
Public
TATE, MUNICIPAL. AND HIGH GRADE
RAILROAD SECURITIES.
ALBEBT
R.
J.
Frederick Frelinqhuysen, President;
Street,
BOSTON
STOCK EXOHAKGEB.
r
Sewerage Bonds.
22Nr,
MEMBBBS
;
&
N. J.
MUNICIPAL AND PUBLIC SERVICE
NEW TOEK AND
^•J
Water
Benefit
CO., Trowbridge & Niver Co.
BANKERS,
86 Congress Street,
BOSTON.
5%
Secretary.
The Mutual
in the City Hall.
L.
LOANS.
SOUTH PARK BONDS. FRANKLIN, VIRGINIA,
1936.
to be delivered February 1, 1906.
Proposals should be enclosed in a sealed envelope
R.
$1,000
County,
Bonds
R.
ol
1936.
and endorsed "Proposals for Bonds of Jersey City,"
and handed to the Clerk of the Board of Finance, in
open meeting, when called for at said meeting to be
held Wednesday, January 17, 1906, at 3 o'clock P.M.
GEORGE
Twenty bonds
bonds.
Authority, Chapters 40b and 41, Statutes of Wisconsin
for 1898 and amendments thereto.
Date Jan. 1 1906. Interest semi-annually at the office of the City Treasurer or
Accrued inat the Morton Trust Co. of New York City.
terest to be paid by purchaser.
Dec. 27, 1905.
REFUNDED GENERAL BONDS.
$50,000
Dated January
3}4%
Edward G. Shumway,
(Registered Bonds)
Payable January
1906.
Interest January and July.
Dated January
1936.
REFUNDED WATER BONDS.
$60,000
Offering. ^Proposals will be re-
twenty
30,000
To Whom it May Concern:
Take notice that the following numbers of the
South Park Bonds have been selected and retired
by the South Park Commissioners, in conformity
(EXEMPT FROM TAXATION
$300,000
—Bond
ceived until 10 a. m., Jan. 11 1906, by the Commissioners of
the Public Debt at the office of the City Comptroller for the
following bonds:
$200,000 3y2% 1-20-year (serial) coupon street improvement bonds of $1,000 each.
50,000 3>4% 1-20-year (serial) coupon park bonds. Forty bonds of $1,000 each,
Announcement
Sealed proposals will be received by the Board of
any part
20,313 00
—
BONDJDAO^
Finance of Jersey City at their meeting to be held in
the City Hall on JANUARY 17, 1906, at 3 o'clock,
P.M., when they will be publicly opened, for the whole
or
Co., Cln.
1
5%
<fc
^i
&
Co., Ind..
20,504 00 W. R. Todd & Co., Cincinnati a20,300 00
And accrued Interest.
Miles (Tex.) Independent School District. Bond Sale.
We are advised that the $11,000
20-40-year (optional)
school-hou.se bonds, registered by the State Comptroller on
Oct. 13 1905, have been sold to MacDonald, McCoy & Co.
of Chicago for $11,310.
Denomination $1,000. Date Nov.
20 1905. Interest annual.
a
27 1905 the $30,000 5% 30-year gold coupon bonds dated
Sept. 1 1905, a description of which was given in V. 81,
p. 1807, were awarded to F. L. Fuller & Co. of Cleveland
Following are the bids:
at 102.50.
p. L. Fuller
Co.. Cleveland
102.50|W. J. Hayes & Sons, Cleveland .100 .50
First National Bank, Lake City. 101.50 (Albert Kleybolte & Co., Cincinnati 100.50
Lakeview, Carlton County, Minn. Bond Offering. Proposals will be received until Jan. 13 by D. C. Behrens,
Town Clerk (P. O. Wright), for $8,000 gold road and bridge
bonds at not exceeding 6% interest. Authority Section
^410,000.
JERSEY CITY,
a20,005 00 Albert Kleybolte
The Indiana Trust
Wm.
LOANS.
— Pro-
1-10-year (serial) coupon bridge bonds dated Nov. 1 1905
and described in V. 81, p. 1509:
Rudolph Kleybolte & Co.,CinaS20,612 50JE. D. Bush & Co.. Indlanap.o$20,501 00
4%
NEW
Offering.
Miami County (P. O. Peru), Ind.— Bond .S'aie.— Following
are the bids received on Dec. 29 1905 for the $20,000
(P. O. Seattle), W&sh.— Bond Sale.— The
$80,000
10-20-year (optional) coupon armory bonds, bids
for which were opened on Dec. 21, were awarded on Dec. 28
to Mason, Lewis & Co. of Chicago for $80,890 and interest.
Bids were also received from N. W. Harris & Co. of Chicago,
Kane & Co. of Minneapolis, W. R. Todd & Co. of Cincinnati,
the Seattle Trust & Title Co. of Seattle and
D. Perkins & Co. of Seattle.
See V. 81, p. 1624 for description
of bonds.
Lake City, Columbia County, Fla. Bond Sale. On Dec.
—
—Bond
5%
King County
_
Wyo.
posals will be received until Feb. 6 1906 by W. G. Burnett,
Town Clerk, for $12,500
coupon bonds. Denominations $500 and $1,000.
Interest annual.
Maturity twenty
years, redeemable after ten years.
Bidders must furnish
blank bonds in such form as may be decided upon by Town
Council.
to call after ten years.
—
[Vol. lxxxii.
& Treas.
EatabllBhed 1883.
H. C. Speer
First
Nat Bank
Sons Co.
Bnildingr, Chicagro.
COUNTY
AND TOWNSHIP
CITY
&
BONDS.
^^-w.
—— —
I
.Jan.
()
1
— —
—
THE CHRONICLE.
!)()('..
(optional) coupon .school building bonds dated
Jan. I 190G, a description of which was given in V. 81, p.
180S, \\cn\ awarded to Albert Kleybolte & Co. of Cincinnati
Following are the bids:
at 102.016.
Securities are part of an issue of $33,000, of which $15,000
were disposed of several months ago, as stated in V. 81,
Denomination $1,000. Date July 1 1905. Inp. 1064.
Maturity twenty years, subject to call
terest .semi-annual.
after ten years.
5-20-y('ar
Albert Kleybolte & Co. Cin-.$12,f)50.00
Seasoivjood <t Mayer, Cincln. .al2, 958. 50
Denlson, Prior & Co., Cleve12,545.00
land and Boston
a Bids ba.scd on bonds not subject to
S. A. Keati. Cliieaeo
C, H. Ci)ffln. Chicauo
A.
Ilciod
.J.
it
Co.,
MacDonakl, McCoy
...$12,474.00
12, 401!. 00
Ravenna, Ohio.—Bond Sale.— On Dec. 30 the $22,500
Detroit.. 12,46:3.00
&Co., Chi. 12,430.00
before maturity.
call
—
Albert Kleybolte & Co.
A. Kean, Chle.ago
S.
81,
p.
—
were
were
1625,
The other
bid.s
5%
Cin..$26,600 001 J. F. Wild & Co., Indlanap- _ .S25.2.S5 00
25,725 001 W. R. Todd & Co., CincinnaU 24,800 00
—
& Co., Clev.&Bost 5 1,5271 H. Kleybolte & Co., Chicago
W^i.shoe County Banl?, Reno
5 1,5001 Farmers & Mcn'hants Bank, Reno
5 1,250| W. K. Todd & Co., Cincinnati...
F.L. Fuller Co., Cleveland
N. W.Halsey &Co., SanFran... 5 1,205 Albert C. Case. New York
Lyon County Bank, Yerington
5 1,0151
Denison, Prior
&
4%
—
Washoe County Bank, Reno
—
Bond
Proposals will be reOffering.
Jan. 15 by J. Ellis White, City Treas-
$25,000
$250,000
semi-annual.
ten years.
gold flre-.station bonds.
30-year gold highway bonds.
2,5-ye.ar
4%
Date Nov.
Denomination $1,000.
of Boston.
H. W.
STATE OF ALABAMA.,
Class
Alabama
Class
JANUARY,
C
C bonds
1906. be paid
135 Broadway,
Rochester School District, San Bernardino County, Cal.
Nov. 13 1905 the $2,500 5% 2-6-year
(serial) gold coupon school-building bonds described in V. 81,
p. 1395, were awarded to W. F. Johnston of Los Angeles at
102.24.
Securities are dated Nov. 13 1905
—Bond Sale— On
INVESTIVIENTS.
NOBLE & COMPANY,
DBAUB8
MUNICIPAL
AND
of
America
PUBLIC SERVICE CORPORATION
BONDS.
Treasurer.
D. JELKS,
Governor of Alabama.
Specialists
New
in
Jersey Securities.
EISELE & KINC,
&
Burr,
INVESTMENT BONDS.
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
Interest Paid on Daily
757-759 Broad
St.,
NEWARK.
MUNICIPAL AND RAILROAD
Street,
BONDS.
LIST
MUNICIPAL
and
CINCINNATI.
onKinC
Ov'Wl^o.
lilBT
PHELPS,
IN
York.
INVESTMENT
SErilRITfR**.
1I.LS.
•
A
New
KKOKEKM
172 Washingrton Street,
CHICAGO,
VICKERS
29 Wall Street
ON APPLICATION.
KUmCIPAL AND
&
La
THE SOUTH.
METROPOLITAN INTESTMENT
OBO.
ENGINEERS.
H. M. ByUesby
& Co,j
INCORPOBATBD.
ENGINEERS.
Salle Street, Chicago.
& Co
For Fine Correspondence
,
BANKERS,
16 Conorress Street.
CO.,
hDWABDS,
President, Charleaton. 8.C.
Commercial and Financial AkI. Buglnoss nudartaken in all parts of the world. Satisfactory references.
B.
Co.,
CORPORATION
Blodget, Merritt
O.
BaslneMK Opportunities. Investment
Securities, Real Estate, Timber, iaine«,
Industrial Properties, Farm or To^rn
Hortsages In all parts of the Sontb.
BCNDS.
171
f,
DENISON, PRIOR &CO.
Whiting Papers
MacDonald, McCoy
^
'
BOSTON. MASS., dc CLEVELAND,
ON APPLICATION.
Mercantile Library Bnlldlns,
POTTER,
CORPORATION
and Tim* Deposits.
Lists Upon Request.
Correspondence Solicited.
SEASONGOOD & MAYEE,
B.
YORK.
INVEST MENT BONDS.
Stock Exchanges.
Private Wires to
N. Y. & Philadelphia.
BOSTON.
T
IH
BANKERS,
Members of New York and Philadelphia
60 State
BANKERS,
Philadelphia.
THE FIRST OF
by the Trust Co.
Perry, Coffin
Rudolph Kleybolte&Co.
Land-Title Bldq.
Detroit.
New York City.
J. CRAIG SMITH,
WM.
Security Trust Co., Rochester, all or any part at b.iill4%The SIOO.OOO loan was awarded to the Rochester Savings Bank and the $75,000
loan was taken by the Alliance Bank of Rochester.
Penobscot Bldq.,
Bonds.
will, after
and $7 premium.
INVESTMENTS.
BOND CALL.
Niver Co., Chicago. 51,850
Rochester Savings Bank, Rochester. .SIOO.OOO local-improvement loan at 4.45%.
.Mliance Bank of Rochester, all or any part at 5.25Sb.
B md & Goodwin, Boston, $100,000 local-improvement loan at 4.92% and $1
premi\un.
(i >ldman, Sachs & Co., New York, $100,000 local-improvement loan at 5.25%
—
CALLS.
&
—
1
Bond Offering. Proposals will be rePennville, Ind.
ceived until 12 m. Jan. 15 by Joseph H. Sell, Town Attorney,
Denomination $250. Date Nov.
for $5,000 41/^% bonds.
Maturity one bond yearly
Interest semi-annual.
27 1905.
for twenty years, unpaid bonds being subject to call after
Feb. 1 1911.
Puyallup, W&sh.—Bond Sale.— This city has sold $18,000
5% water bonds to W. W. Seymour of Tacoma at par.
BOND
1
Temporary Loan. The following bids
Rochester, N. Y.
were received on Jan. 4 for a $100,000 8-month local-improvement loan and a $75,000 S2-day high school loan:
1905.
Interest
Acsemi-annually at the First National Bank of Boston.
Legality of issue
crued interest to be paid by purchaser.
has been approved by Messrs. Storey, Thornclike, Palmer &
Thayer
52,225 Trowbridge
$1,000.
Date Jan. 1 1906. Interest
Maturity thirty years subject to call after
Denomination
ceived \intil 5 p. m.
urer, for the following bonds:
i'i,
1
50,650
50,500
50,250
50,038
The city subseciuently put the bonds up at auction and
received the following bids, that of the Farmers & Merchants Bank of Reno being accepted:
Farmers & Merchants Bank, RenoS52,230| MacDonald, McCoy & Co., Chic. .552,110
5%
I.
—
Reno, Nev. Bid.'i Rejc'cUd. Bond Sale. The following
sealed proposals, all of w hich were rejected, were received
city-hall bonds:
on Dec. 23 for $50,000
Trowbridge & Niver Co., Chieago.S.': l,r>871Brown, Wilson & Co., San. Fran-S51,005
MiicDonald, McCoy & Co., Chic. 5 1,5951 Bank of Sparks, Sparks
50,810
North Yakima, Wash. Bond Offering. Proposals will be
received until 7:30 p. m. Jan. 15 by J. C. Brooker, City
Denomination
trunk-sewer bonds.
Clerk, for $48,000
Date day of Lssue. Interest senii-annually at the
$1,000.
Maturity twenty years. Ceroffice of the City Treasurer.
of bid, payable to
tified check on a national bank for
These bonds were offered
the City Treasurer, recjuired.
but not sold on Nov. 20 1905.
wtucket, R.
4%
.sewer and sewage disposal works bonds, described in V. 81,
p. 1626, were awarded to Seasongood & Mayer of Cincinnati
Twenty-one bids in all were received for these
at 102.40.
securities.
Newton County (P. O. Kentlandj, Ind. Bond Sale.
On Dec. 30 1905 the $24,500 5% coupon court-houseiinpi-oveinent bonds described in V.
awarded to Trowbridge & Niver Co.
as follows:
61
and
CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER,
HYDRAULIC AND
DESIGN,
for General BuBlneas Uses are
made in Ledger, Bond,
standard,
Boston.
S0NASHAC STREET. NEW YORK.
Unen and
WHITING PAPER CO.
New
STATE, CiXr « RAILROAD BONDS.
Yorl(.
GAS PLANTS.
Fine Writing in variety.
Chicago.
llolroke, Mass.
Examinations and Reports.
Philadelphia.
Mlllfli
171
LA
SAIil^EST.,
OHICAGO
———
—
—
:
—
On Jan. 2 an issue of
park bonds was awarded to
Norman T. Drake of Sandy Hill for $12,725 and interest,
Denomination $3,175. Date Jan. 1 1906. Interest annual.
San Francisco, Cal. Bond Offering. Proposals will be
received until 3 p. m. Jan. 8 at tlie office of the Board of
street bonds. Series 7 to 14
Supervi.sors for $324,000
Authority ordinance No. 1114. approved Jan.
inclusive.
14 1904.
Denominations: 160 bonds of $100 each, 120
bonds of $500 each and 248 bonds of $1,000 each. Date
July 1 1904. Interest semi-annually at the office of the City
Maturity $40,500 yearly on July 1 from 1911
Treasurer.
Certified check for 5% of the amount
to 1918 inclusive.
bid, payable to Chas. W. Fay, Clerk Board of Supervisors,
required with bids, it being provided, however, that no
check need exceed the sum of $10,000. Accrued interest
Bonds are part of the issues
to be paid by purchaser.
authorized at election held Sept. 29 1903, and their legality
has been passed upon by the State Supreme Court. See
V. 79, p. 798.
Sea Isle City, N. J. Bond Offering. Proposals will be
received until 12 m., Jan. 22, by Jas. T. Chapman, Borough
Clerk, for $20,000 5% coupon (with privilege of registration)
improvement bonds. Authority, Section 41, Chapter 103,
Laws of 1903. Date March 1 1906. Denomination $500.
Interest semi-annually at the office of tlie Borough Treasurer.
Maturity March 1 1936. Certified check for 2i^7o of bonds
bid for, payable to S. H. Wheaton, Borough Treasurer, reAccrued interest to be paid by purchaser. Bonded
quired.
Assessed valuation
debt, including this issue, $51,500.
Sandy
—
THE CHRONICLE.
62
$12,700
——
Hill, N. Y.
1-4-yeai'
Bond
Sale.
Bond
Stonewall, Ind. Ter.
—
—
—
—
Trustees at par.
Yakima County School District No. 54, Wash. Bond
Sale.— On Dec. 30 1905 the $7,489 coupon 15-year funding
bonds described in V. 81, p. 1750, were awarded to Morris
Bros, of Portland
dated Jan. 2 1906.
101.02 for 53^%.
Following are the bids:
Youngstown, Ohio.—Bond Award. The $600 5% Lydia
and the $1,345 5% sidewalk bonds, bids
5%
Street sewer bonds
which were opened on Dec. 26 1905, were subsequently
awarded by the Finance Committee to the Mahoning National Bank of Youngstown for $621 and $1,392 07 reThe Finance Committee also recommended
spectively.
that the Cliff Street bonds for $2,735 (offered on the same
for
—
South Portland (P. 0. Portland), Me. Bids Rejected.
for an is.sue of $14,000
Denomination $1,000.
Date Jan. 1 1906. Interest semi-annual. Maturity twenty
No satisfactory bids were received
33^% bonds offered on Dec. 29 1905.
day) be not issued at present.
see V. 81, p. 1869.
years.
For
J.
RECR3TT,
EJEtNEST
WEKINSON, RECKITT, WILLIAMS &
C. P. A.
G.
WHITE &
New
York.
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.
Announce
that in addition to their present organization
they have established a fully equipped
department for the
and Electrie
Power Plants Financed, Designed and Built.
Electric Railways, Electric Light
LONDON CORRESPONDENTS:
EXAMINATION OF BANKS
J. O.
It'HlTE & CO.,
22a College
Under the management of
Hill,
l.tlliited,
Cannon
St.
CANADIAN CORRESPONDENTS:
CANADIAN HVHITE:
WILSON
(Formerly Assistant National Bank Examiner
Chicago Offices:
Marquette Building.
CO.,
Engin e ers, Con irac tors,
43-49 Exchange Place,
CO.
CERTIFIED PUBLIC ACCOUNTANTS
Nevr York Offices:
b2 JBroadway.
bids received,
full list of
ENGINEERS.
MISCELLANEOUS.
F.
are
—
Souris, Manitoba.— Bond Sale.— On Dec. 29 1905 an
fire-hall bonds was awarded to the
issue of $5,000
Canada Life Assurance Co. at 102.72. Date Dec. 1 1905.
JOHN
Securities
at
Morris Bros., Portland. S7.566 for 514%.
Wm. D. Perkins & Co.. Seattle, S7,514 for 5'A%.
Dr. P. C. West, par for S2,000 bonds bearing 6% interest.
$720,000.
'
are advi.sed that
—
—
C. P. A.
— We
—
3^%
GEORGE WIIiKINSON,
Sale.
on Dec. 28 1905 an issue of $5, .500 6% school-building bonds
was sold at 102. Denomination $500. Date Sept. 15 1905.
Interest .semi-annual.
Maturity twenty years, bonds being,
however, subject to call before maturity.
Trenton (Mo.j School District. Bonds Voted Sale Consummated. The election Dec. 27 resulted in a vote of 301
to 16 in favor of the propo.sition to issue $12,500 4}^% 10-20year (optional) high-.school bonds. These bonds were originally awarded on Oct. 25 1905 to the William R. Compton
Bond & Mortgage Co. of Macon. This firm .subsequently
refused the is.sue unless a new election be held, as it was
claimed that the first election was invalid because of insufficiency of notice.
We are informed that the Macon company
will now take the bonds.
See V. SI, p. 1690.
Turlock (Cal.) Irrigation District. Bond Sale. On Dec. 5
1905 $14,000 5% improvement bonds were awarded to
Hedman & Olson at par. Denomination $400. Interest
January and July. Maturity thirty years.
Bonds Xot Sold. We are advised that $111,600 improvement bonds offered on Dec. 5 1905 have not yet been sold.
Xenia, Ohio.—Bond Sale.— An issue of $3,000 4% refunding bonds was recently awarded to the Sinking Fund
(serial)
Interest annual.
[Vol. lxxxii.
CO., Limited*
Montreal.
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We
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amounts of Hiah Grade Municioal and Corooration Bonds
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B.
McKeand
The Roolterv
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JOHN
& Pow.
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STOCK AND BOND BROKERS,
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& BELL,
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IN
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EXCMANJiE
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<
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inicliigan.
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<fe
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Vol. lxxxii
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EDWARDS &
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and nnlisted
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Correspondence solicited and information furnished about Southern State. Municipal and Kailroad Investment Securities.
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I,
Mottu, de Witt
Hugh MacRae &
PRIVATE WIRES.
City.
GO.,
New York Cotton Excnange.
MemDers: ^ Norfolk Cotton ExchauBe.
,.
BANKERS,
McOrum &
8l
AUGUSTA. GA.
TM «,_».....« 5
Kansas
GOBB BROS.
INVESTIttEMT SECURITIES,
Fourth and LocustStreeis, Dealers in Southern Investment Securities of Every Description.
ST. LOUIS.
WILMINGTON, N. C,
Thornton,
NORFOLK.
BANKERS AND BROKERS.
SOUTHERN^
Jr.
AND CORPORATION
Specialty.
SOUTHERIM $»ECrRITfCS.
Bond and Stock Brokers,
GOMPANY,
Dealers in
BONDS.
Cotton Excbanse, Chicugo Board of Trade.
St.iteaii(l
8l
ITIUNICIPAL
VA.,
Members New Vork Stock Exchange, New York
BROKER,
CO.,
WELLS & DICKEY CO.
RICHMOND. VIRGINIA.
John
WHITAKER &
SPECIALISTS IN
Securiiies.
BANKERS ANU BROKERS,
Francis,
WW, Bro.
I
Southern
in
EASTERN PENNSYLVANIA SECURITIES.
New York and I'blla. tlorre spondents:
E1>WAKD B. SMITH «fc CO.
Correspondence Solicited.
Investment Securities.
/U
Dealers
MUNICIPAL, RAILROAD AND
CORPORATION BONDS.
BANKEKS AND BKUKKK8,
RICHMOND, VA.
New York Stock Kxchanee.
Chlcaco (Stock Exclinnse.
i!>t. KoiiIh Mtock UxcliaiiKC.
Clitcauo Board ot Trade.
r^
DOMINICK & DOMINICK.
RICHMOND.
NEW YORK.
DEALERS
BANKERS,
Scranton, Pennsvlvania.
LANCASTER & LUCKE,
St. Louis.
Members:
MEGARGEL & BROOKS
INVESTMENT SECURITIES.
N.r. Correepondents:
Broadway,
Halsey,
&.
BANKERS AND BROKERS.
STOCKS AND BONDS,
Tl
SCRANTON.
LOUISVILLE.
ST. LOUIS.
NASHVILLE,
TENN,
Stocks and
Bonds.
JR.,
@FedFRASER