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INCLUDING
Bank &
Railway & Industrial Section
Railway Earnings Section
Electric
Bankers* Convention Section
Quotation Section
State and
Railway Section
City Sections
NO. 2507
SATURDAY, JULY 12 1913
VOL. 97
Week ending July 5.
CPtowklje.
e
/
Clearings at—
Inc.
Terms of
Chicago
$10 00
-
-
For Six Months
Cincinnati——
6 00
-
Cleveland
13 00
7 50
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)
Detroit
£2 14 s.
£1 11 s.
Subscription in London (including postage)
Canadian Subscription (including postage)
Six Months
$11 50
(3 times yearly)
Electric Railway (3 times yearly)
Bankers' convention (yearly)
Transient matter per inch space
(8
(13
Six Months
(26
Twelve Months (52
Three Months
Standing Business Cards
Chicago Office—Geo. M.
Columbus
--
—
Grand
Rapids...
Dayton
Evansvllle
$4 20
22 00
29 00
50 00
times).
times)
times)
times)
87 00
Shepherd, 513 Monadnock Blc k; Tel.Harrison 4012.
Drapers' Gardens, E. C.
London Office—Edwards & Smith, 1
Lexington—
1,980,000
-
Quincy
Springfield, Ohio
....
South Bend....
Rockford..
1,637,982
every
Saturday
morning by WILLIAM B. DANA COMPANY,
Treas.; George 8. Dana and Arnold G. Dana,
Addresses of all, Office of the Company.
9 'II ■
-
.
'
nT
■
...
indicates that the
States for the week
ending
July
12 have been $2,943,727,001, against $3,271,923,632 last
$3,293,745,986 the corresponding week last year.
r
.
week and
Per¬
1912.
1913.
Boston
Philadelphia
-
Baltimore
-
-
............l.—..
Chicago
'
Louis..
St.
New
.
.1
Orleans
Seven cities,
_
cent.
Seattle.
All cities, 1 day
week.!
...
—5.0
+ 2.3
+ 19.7
+ 6.8
—6.2
$2,229,008,740
—14.5
537,628,413
524,986,249
+2.4
$2,753,994,989
—11.3
Oakland
539,750,997
$3,293,745,986
—10.6
below detailed figures for the week ending with Saturday
July 5, for four years:
:
Clearings at—
Inc.
358,295,225
43,277,515
2,763,166
—24.5
4,653,265
1,476,637
—31.3
46,811,535
17,452,519
10,423,492
11,066,252
5,682,973
4,022,300
2,071,187
3,174,388
1,470,000
1,575.000
1,891,822,775 1,994,736,367
175,778,377
175,479^741
54,301,760
60,592,392
Baltimore
41,404,640
32,648,400
Buffalo.
11,510,153
15,410,826
6,166,292
Albany.....
4,765,976
,7,784,560
Washington
7,891,343
Rochester
6,634,684
6,431,259
Scranton..^.
2,500,000
3,804,459
3,744,833
Syracuse
4,096,591
Reading..'.
1,967,037
2,358,181
Wilmington
1,669,393
1,919,326
Wllkes-Barre____
1,767,401
1,955,690
2,254,056
Wheeling.
2,501,629
1910.
1911.
—0.2
Philadelphia
—21.1
+ 11.0
34,157,284
11,485,224
6,010,994
6,975,231
5,925,089
2,903,144
3,106,015
2,120,484
1,895,142
"1,434,279
1,825,802
923,224
966,660
—4.5
1,935,864
1,083,815
1,703,713
1,259,847
+ 13.6
703,600
981.241
810,518
549,995
701,300
679,999
780,743
475,571
1,481,306
>
+ 33.9
—22.7
+ 1.4
—3.1
+ 52.2
...
+ 9.4
—16.6
,
Altoona
1,435,787
Montclatr
Total
434.242 Not Included
Middle.
Boston
157,938,357
9,342,500
5,426,021
3,375,250
2,925,013
2,328,757
Hartford
New Haven
Springfield
Portland
Worcester
Fall
New
2,498,469
1,059,072
River
Bedford.
__
,
Holyoke
Lowell.
Bangor
.
.—.
Tot. New Eng.
+ 15.0
+ 10.6
841,790
750,000
450,868
638,347
187,574,444
1,495,249
991,337
1,450,000
—8.8
—8.0
+44.1
—25.5
986,578
—13.3
+ 9.6
+46.8
700,000
920,651
701.462
417,590
227,661
105,447,309
123,869,322
43,385,155
22,000,000
15,125,644
10,009,828
9,184,251
7,507,466
4,500,000
3,266,331
2,900,000
4,799,660
1,740,058
1,673,145
1,461,970
1,776,716
40,563,105
18,532,738
15,030,453
9,921,432
10,151,107
6,318,179
4.446.165
650,000
338,484
-
Yakima.
14,290,406
10,213,879
9,076,207
5,543,865
4,349,138
3,572,397
3,352,018
1,461,642
1,500,000
674,504
695,656
836,216
753.461
228,946
San Jose.
Total Pacific.
Minneapolis
...
St. Paul
Denver
St.
Joseph...
Des Moines..._
Sioux City
Wichita
-
.
Davenport..
614,090
586,572
539,960
759,985
—7.3
515,333
—19.0
+ 0.6
405,987
277,000
—14.9
107,244,167
+ 7.0
40,871,403
17,167,961
12,500,000
8,879,543
1,725,953
—4.8 2,053,335,588
1,929,775,585
—4.3
+ 0.6
159,180,079
7,405,200
4,693,701
3,989,458
2,544,899
—6.4
,
—2.8
—12.7
—2.5
.
—2.6
545,056
573,905
+ U.3
—11.2
1
2,037,845
2,476,851
1,011,220
890,128
602,723
535,166
568,993
185.936.263
947,925
Aberdeen--—--!
300,000
Hastings
180,000
Billings.-
— ---
353,367
1,219,358
1,091,117
282,736
166,786
333,386
Tot.Oth.West.
134,695.825
Louis
New. Orleans
Louisville
---
Houston ;;
Galveston-
Richmond
Savannah
Nashville
Fort Worth
Norfolk
Birmingham
Jacksonville
in total
154,243,033
7,341,700
4,641,177
3,269,457
2,470,485
2,214,057
2,265,938
1,184,248
1,243,431
564,711
472,461
Chattanooga
Knoxville
Little Rock
Charleston—
Augusta—
Mobile
Oklahoma
Macon
Austin.
Vicksburg
News.".
.38,651,338.
16,646,086
13,164,595
10,089,986
8,014,716
5,372,186
3,560,713
2,407,755
3,044,329
2,826,102
1,527,230
7,654,965
-1-2.5
+ 8.7
+ 54.0
+ 9.3
+ 7.2
—16.5
+ 14.2
—20.6
•
'
679,557
790,126
669,967
667,505
793,241
660,561
4-17.8
297,050
287,704
+41.5
1,017,758
—13.2
846.062
928,320
705,825
500,000
+ 6.1
+ 8.3
400,000
187,527
116,055
124,326,339
+ 8.3
114,676,174
70,820,185
72,401,598
18.374,572
17,496,033
12,706,016
13,402,269
6,851,826 Not Included
6,338,000
7,425,500
8,632,541
7,967,349
9,841,042
9,809,807
+ 2.2
69,954,378
15,488,164
11,670,403
+ 7.9
—4.8
+ 5.5
160,000
139,557
113,933,483
»
61,631,031
13,575,410
10,830,335
In total
+ 17.2
788,363 + 120.5
5.428,500
8,213,191
11,799,710
5,450,865
3,730,080
5,092,816
4,500,701
3,234,167
2,415,644
2,958,868
1,725,966
1,770,886
1,908,553
1,552,985
1,464,148
1,409,999
1,848,956
2,275,000
1,079,727
259,157
—6.6
222,610
315,278
+ 14.5
+47.6
+ 12.4
344,179
596,926
6,660,463
4,351,623
4,720,407
5,594,912
2,942,435
2,860,092
3,000,000
1,901,379
2,059,281
1,740,082
1,525,396
1,492,070
1,439,170
1,048,106
2,255,246
6,017,651
3,840,388
5,506,690
6,252,595
4,048,390
2,983,083
3,168,847
2,681,011
1,518,127
1,865,655
1,675,636
1,326,567
1,400,000
1,442,225
2,200,000
1,738,754
241,961
1,194,222
1,164,621
1,408,548
—7.7
—0.3
—9.7
—11.7
+ 16.7
+ 11.8
+37.6
+4.3
+ 5.6
+41.0
—26.3
+ 7.2
+ 9.9
—11.1
—2.7
+37.6
—2.4
5,472,000
7,320,099
8.909.631
4,574,412
4,201,317
3,687,049
4,329,500
2,962,064
2,389,039
2,360,496
1,862,633
1.796.632
1,539,339
1,740,944
1,956,437
1,332,872
2,400,105
815,000
1,079,727
246,660
395,000
Jackson
361,059
Tulsa
850,000
Muskogee.
600,000
575,980
534,346
178,219,195
172,776,142
+ 3.2
3,391,299,181
—3.5
3,002,790,545 2,848,830,566
Outside N. Y. L380,100,857' 1,396,553,814
-1.2
1,^58,545,669 1,161,039,478
Total Southern
179,910,698
287,221
Helena
Memphis
556,365
417,297
852,554
—11.1
1,086,437
1,336,983
1.656.166
611,561
444,893
260.000
99,507,843
5,645,588
3,565,017
2,161,840
2,741,276
2,345,771
1,691,993
1,521,420
1,513,315
1,430,323
—2.5
632,579
Atlanta
956,250
+ 3.8
—9.5
'
507,643
St.
+ 0.9
—9.5
+ 18.8
+ 1.2
+ 7.4
510,620
Waterloo--
+ 0.7
2,830,247
2,567,463
1,784,618
502,042
338,051
Fremont-...—
+ 18.7
3,041,609
Springs
739,275
—3.1
—11.9
....
-
Pueblo..--.—-
710,200
750,391
+ 15.6
For^Canadlan Clearings see "Commercial and Miscellaneous
1,897;902
642,000
676,325
742,822
370,023
+ 0.3
—19.1
211,148,994
1,502,833
.
1,586,207
1,081,592
+44.3
179,258,450
10,326,500
6,101,848
3,529,330
2,907,451
2,488,215
2,570,692
1,213,707
863,869
769,971
,
—14.0
2,219,711,488 2,320,659,836
Providence
45,524,711
30,233,700
11,778,554
5,251,216
7,491,578
4,103,162
2,694,568
2,651,677
1,489,053
958,260
...
Lancaster
139,402,875
185,415,495
44,823,000
+ 11.2
...
Chester
+ 3.2
2,653,176
'
Fargo
—5.3 1,738,244,876 1,687,791,088
New York
Greensburg
—10.1
825,000
Fresno
Colorado
Blnghamton
—14.7
1,350,867
Pasadena
North
+
855,468
Cedar Rapids
or
Dec.''
1912.
%
Erie
410,020
206,229
31,685
"
Topeka
....
400,000
368,960,955
Diego
Lincoln
WeeK ending July 5..
Trenton
+ 1.8
+ 5.1
1,8
.......
Duluth
York..
443.068
•337,410
436,977
•-
—7.3
$2,943,727,001
We present
Pittsburgh
+ 5.1
—17.5
416,082
550,734
408,961
375,000
337,275
280,393
389,658
"368,106
191,557
31,354
+ 2.7
+ 61.0
—21.4
Sacramento....
San
1,012,173
519,821
54,290,699
22,144,963
10,733,486
10,724,492
6,397,281
4,023,754
Reno..
details for the week covered by the above will be given next
1913.
427,146
435,754
344,014
390,000
438,509,548
Spokane.
Saturday.
We cannot furnish them to-day, clearings being made up by the
clearing houses at noon on Saturday, and hence in the above the last day
of the week has to be in all cases estimated, as we go to press Friday night.
noon,
580,288
—12.9
668,025
446,275,371
Tacoma
Omaha
The full
1,258,759
—4.0
+9.7
Kansas City
Total all cities for
+ 23.8
+29.4
580,945
601,915
587,678
759,584
—5.3
Portland...
—21.0
$2,443,308,707
500,418,294
Other cities, 5 days._._...
Total all cities, 5 days..
655,326
629,569
—16 4
_
15.625,112
$1,905,680,294
v
,+ 0.4
847,000
;
755,678
+ 3.4
30,079
Stockton
5 days
1,212,000
'
—8.1
42,661,405
18,898,897
9,644,020
11,069,617
5,834,977
3,700,000
2,086,758
3,198,928
2,127,063
1,976,879
Tot.Mid .West.
—19.6
,,
836,292
—11.5
396,550
San Francisco..
148,006,309
125,753,155
31,959,185
244,624,562
68,569,587
116,860,412
128,586,808
38,268,882
261,170,682
64,288,248
14,848,966
+ 19.5
—11.7
286,997
Adrian
$1,594,470,830
,
1,255,298
1,027,141
1,649,837
+ 1.2
240,000
33,016
Salt Lake City.
$1,281,656,296
668,663
—7.3
375,308
v
Los Angeles....
Clearings—Returns by Telegraph.
Week ending July 12.
+ 3.0
+ 24.5
'
Ann Arbor
The
following table, made up by telegraph, &c.,
total bank clearmgs of all clearing houses of the United
Lansing
+ 3.4
—8.2
506,431
313,240
475,753
436,150
337,530
458,340
HI.
Owensboro
CLEARING-HOUSE RETURNS.
'
...
Lima
Jacksonville,
+ 11.3
—18.3
"
504,690
500,000
Mansfield
Jackson
+ 6.8
—1.5
+22.7
243,923,301
21,942,900
22,798,905
15,990,832
11,543,196
9,175,461
5,624,200
3,616,688
2,734,741
2,520,762
2,968,215
2,349,119
667,015
959,332
993,893
1,555,050
672,379
445,000
Danville
Arnold G. Dana, Sec.
Vice-Presidents;
+ 19.1
250,980,990
23,852,600
20,657,193
17,834,862
12,384,193
8,595,468
5,406,500
4,139,103
2,777,732
2,405,664
2,883,015
2,422,053
278,061
Decatur..—
Jacob Selbert Jr., President and
v
604,727
426,979
620,000
Bloomington
New York.
Front, Pine and Depeyster 8ts.»
P, O. Box 958.
Published
COMPANY, Publishers,
DANA
B.
+ 14.0
489,931
675,000
739,296
852,572
Canton.
WILLIAM
1910.
1911.
688,523
1,265,844
629,926
715,231
■
—9.1
736,578
731,895
—
...
—0.0
3,059,357
3,037,414
2,912,116
3,024,944
701,246
1,186,329
1,232,872
1,671,644
828,939
2,238,300
799,858
652,540
1,100,000
1,247,138
1,997,861
Youngstown
Akron
303,112,784
26,978,000
25,860,361
21,028,618
14,475,403
8,467,516
5,723,700
4,487,098
873,135
Kalamazoo
Fort Wayne
(14 agate lines)
Months
Two
r
.
303,065,129
24,520,250
29,473,686
25,042,297
15,456,955
8,343,012
7,023,100
4,995,010
2,500,000
*3,141,810
3,000,000
2,777,891
Springfield, 111—
Advertising—Per Inch Space
Terms of
Indianapolis
Peoria
Railway and Industrial
Bake and Quotation (monthly)
Railway Earnings (monthly)
-
Milwaukee
Toledo
Subscription includes following Supplements—
State and City (semi-annually)
or
Dec.
%
Subscription—Payable in Advance
For One Year
1912.
1913.
PUBLISHED WEEKLY.
Total all.—.-. 3,271,923,632
,
500,000
166,637,416
147,407,732
76
THE
CHRONICLE
Right
on
mand for
a
put in theirs.
of
which has
the heels of the firemen's successful de¬
It has
gone
conference, then of
ballot referendum
a
proposition to strike if necessary;
adjustment committees to
"ratifying" the strike is
"Wilson
to be
in
A conference
"
Washington is
as an
and
also
suggested,
farce, there, must be
a
since
at
present < everything turns upon
member, who is designated by
to
the
political
(and of still
more
a source
vote-satisfying
or
all
keenly alive
free to take that part
mission to raise
:■
.
as
of the
a
case
reason
strike.
it.
of
have
basis of
cash is
along
.
men
v
•
to
reason
expect
such
an
the contrary he is likely
try that miserable piece of temporizing,
on
The futility of such
trying to extinguish
The
have shown
men
a
railway
managers
treatment
fire by throw¬
a
abundantly that
for is to get their demand.
care
putting
eers
a
for per- [
freight rates.
JFor, while nothing new can possibly be said on the
subject, it is necessary to repeat that the financial
with the
The
com¬
that the increase
say
the roads involved
on
a
new
lien of 340
reply
jurisdiction, or by placidly' expressing
incompetency to pass upon it, or by suggesting that
are
a
that it "is of
its
the roads
The advan¬
are
millions of 5% securities having preference over the
first mortgage
bonds; but to this the men now
past ones and dismiss the roads'
to the Inter-State Commission
the
usng
demanded would be
arithmetically equivalent
now
to
Further
plea of financial inability by, saying that this lies
outside
on
they
mittee
importance), the arbitration body
must not follow the
oil
ing
the third
side.
to
"averting"
submitted,
are
up,
great opportunity for President Wilson
is equal to that of
increase in the
an
disputes
a
once more
proposed amending of the Erdman Act.
than
more
matter
a
'
is, unhappily, no
independence from him;
this, it is clear that if arbitration. is to be
number of persons to whom
wages
club wherewith to
compel the
a
there
This time,
temporizing object is to be accomplished by
getting the two branches of Congress to quickly
As to
Railway
good his recent plea that the exemption rider
does not estop prosecution of labor
unions, although
that
agree on a
rich)
are
to make
that
so
as
against the roads,
Here is
increas¬
Monday with Prest.
the strike may once more be "averted."
strike
a
tages of unionizing in such
held to-day or to¬
on
country.
indifferent public to coerce the roads.
meeting of
now a
out in the
as
they combine to force
threat of
the
upon
low
as
employees go counter to the terms of the Sherman Act
when
joint
a
through the form of
go
this reiteration being intended
morrow,
ing coercion.
ought to be
through the usual stages
preliminary demand and refusal, then of
as well as those in the West—a
plea
superficial sound of fairness yet resembles
a
saying that rents in the city (where people
increase, last. April, the conductors
wage
xcvii.
should do
pay,
THE FINANCIAL SITUATION.
[Vol.
concern" to
no
them, just
the engin¬
as
suggested that they could put this city
siege starvation in
as
good
and it takes
a
on
week and that receivers'1
other.
as any
The Erie has set
a
].
.
timely example by withdrawing,
sound position in expressing willing¬
a
"to consider the wages or conditions of individ¬
ness
uals," but it will not
agree
to general increase
to
as
ability of the roads to grant, not merely the latest^ any class "until safety appliances, such as block sig¬
demand,, but the perfectly sure round of future nals, steel cars, and greater facilities, have been pro¬
dqmands, is the very crux of the matter*
It is an vided, and the net earnings justify further wage in¬
old maxim that the law
these
yet
never
arbitrations
requires impossibilities;
placidly
ignore
everything
except what the complaining employees
(and
say
creases."
Here
the
general public interest is
above the demands of employees, and as for
it is time coercion
a
set
strike,
applied to those who threaten
were
what outside sympathizers who do not
perceive the
matter to be their own are
persuaded to
it and
"ought" to be paid
The posted figures
indicates that it
will
liberal, yet (upon their
forcible stoppage
of traffic* to the serious injury of
think)
as
wages.
show that the present wage is
figures) these conductors and trainmen demand
own
advance of
an
1910.
Their
matter
were
The
20%, after receiving
arguments
less
conductor
of 50% in
might be amusing if the
serious, for
is very
one
any
plea
serves
important and has
a
strike is
a
cover
danger of
whether
the power
No
great
those threatened by it.
upon
our
take
passengers;
recurrent trouble will be
or on at a station.
and
hard to hunt
text,
as
reason
:
it
for
never
is to make
never
demanding
an
an
excuse.
up a pre¬
The frank
advance would be this: "We
have discovered how to get it."
It has become
a
cycle:
all
engineers, firemen, conductors and trainmen,
following the beaten path, and when the last in
the
line have obtained their demand
the
first
are
ready to begin again.
As
made
we
a
have
serious
mistake, which
deal
with
wage
comes
back
upon
them
of
rebellion, in attempting to
problems collectively instead of
case
independently, for here is where
union is weakness
and not strength.
An evidence of this is the plea
of the conductors,
repeating that of the firemen, for
"equalization;", all they want, they
say,
is that the
Eastern roads, which they assert are better
ablelto
once
"averted," since that merely
more
The
Governor Sulzer has
Public
Service
sooner
met, the
disposed of.
the
to
nominated,
Commission,
Charles J. Chase of
sooner
this
.
as
Second
member of the
Mr.
District;
Croton, and he sends this
name
Senate, he* explains, because the last State
Convention
of his party declared in favor of "ap¬
pointment of
mission.
a
practical railroad man" for the Com¬
Admitting,
for
the
occasion,
that4 this
expression should be controlling, the question arises,
What is
already pointed out, the roads have
in each renewed
be
defers the clinch?
coal-shoveling is heavy
It is
shall dis¬
The
firemen asked more, because
dirty work.
we
of enforcing public protection.
start";
people have ceased to get off
then
attejnpted
should speak lightly of such a calamity;
all seriousness, why.should the test of a
yet, in
signals to the engineer when
of
one
strike
he
the form
interfering Government has also
says the spokesman;
"it is the con¬
ductor who gives the high sign when the train is to
that is,
If
actually attempted, all past experience
all and the
them.
responsibility,
longer
no
a
practical railroad man?
locomotive engineer and may be
as
such; but there is
than
his
not
no
Mr. Chase is
a
admitted competent
evidence that he has
more
ordinary ability and attainments generally, and
training upward to service in engine-driving wouldx
naturally qualify him for
business
any service requiring
knowledge and breadth of mental grasp.
But what is
walker,,
a
a
"railroad" man?
switch-tender,
an.
A fireman, a track¬
oiler in
a
roundhouse,
ajwielder of pick and shovel, anybody who is
em-
Jul Y 12
THE
1913.J
road, is within the definition as a railroad
any such person is "practical" in that he
works at some sort of practice instead of theorizing.
The literal definition of the words includes every man
ployed by
man, and
77
CHRONICLE
a
panied at times by high temperature, is directly
responsible. At 73.8, the condition compares with
89.3 last year and a ten-year average of 85.3.
There
of this
Washington alone maintained a
in railway service from the President of the New
satisfactory status during the month.
South Dakota
York Central to the most ignorant laborer on its
showed a decline from 97 to 60, North Dakota from
pay-rolls.
teH.
91 to 70 and Minnesota Trom 95 to 81.
The indi¬
What the author of this particular plank in the
cated yield per acre of spnng wheat is given as 11.7
party platform was thinking of was just what he
aimed at in his peculiar expression, namely: winning bushels, thus pointing to a crop of 218,000,000 bush¬
the solid vote of organized labor.
The Senate may els, which contrasts with 330,348,000 bushels in
1912.
Winter wheat, on the other hand, suffered
be not quite equal to confirming this nomination,
but Governor Sulzer cannot complain of injustice only a slight decline during the month, and the aver¬
when his action is interpreted as another evidence age of 81.6 for July 1 1913 compares with 73.3 in
1912 and a ten-year average of 79.9.
The Depart¬
of his desire to keep "solid with" organized labor.
ment's estimate is for an average product of 15.6
Mr. Chase is endorsed to him by the organized
are
only four States that are large producers
cereal, and of these
.
bushels per acre
and a total yield of 483,000,000
State Federation of
bushels,, or the best crop since the record output of
Labor, and by union leaders, all of them more de¬
1906.
Combining spring and winter wheat, the
sirous of "recognition" than of having a broadpromise is for 701,000,000 bushels in 1913, against
minded and just man in the position to join in issuing
orders to common carriers, all of whom are com¬ 730,000,000 millions in 1912, 621 millions in 1911 and
and firemen, the
enginemen
manded by the
law to obey "any" such order on
Governor Sulzer
"compensation" bill, for no
penalty of $5,000 fine per day.
vetoed
previously
but
reason
chosen to
a
that the labor unions
had mistakenly
antagonize it, and, having done so, were
unwilling to confess an error; he also
signed the "full-
although it was made plain that this
would add another burden to those the railroads were
crew"
bill,
bearing, and could benefit
for whom it
nobody except the men
the 1901 record
of 748 millions.
condition
was
which contrasts
average
record, which goes
is but 76.3,
with 89.2 July 1 1912 and a ten-year
the poorest in our
1877.
back to
This
year's
average
of 84.5, almost every State showing heavy;
as a result of the dry, hot weather.
deterioration
of 1,013 million bushels,
against 1,418 millions last year
of Agri¬
culture, issued on Wednesday, was rather disap¬
pointing. -The condition of winter wheat remains
very much better than a year ago and the corn situa¬
tion is up to expectations; but spring wheat and oats
grain-crop report of the Department
The
much greater
rocord
looked for.
deterioration than had been
time dur¬
Private reports from time to
indicated that these last-named
crops had been adversely affected during June by
the dry weather that prevailed over extensive areas,
but it was not thought there had been so decided a
lowering of condition as the official report denotes.
ing the month had
The outlook
A
on
the whole, however, is satisfactory.
trifling decrease (2-10 of 1%) in the area
given
what the Department announces
of its investigations, making the plant¬
this year is
to
corn
as
the result
ing 106,884,000 acres, against 107,083,000 acres in
1912.
The condition of the crop July 1 is stated as
in 1910.
86.9,
of recent years, being placed at
against 81.5 on the corresponding
date last
,
and'1,186 millions
•
.
...
Although in number bankruptcies in the United
less'than in any previous
States in June 1913 were
month of the current year,
those for the similar
and the
years,
average
they were in excess of
period^ of almost all preceding
indebtedness involved above the
for the concluding month of the
half-year.
preceding months of 1913, however, a very
failures have contributed the greater part of the
As in the
few
debts, nearly $11,000,000 being
total
by
28
suspensions.
Referring
Messrs. It. G. Dun & Co.
by
a
to
accounted for
this feature,
remark that "it is at once
apparent that the insolvency
record is often distorted
few large suspensions, so that the
number of
defaults, rather than the aggregate debts, conveys
the best idea of the
which the nation is
"
above the average
fa¬
in fact the status of the crop July 1 was
much below 1912 and, with the exception of 1911, the
vorable;
The outlook is for a crop
provided places.
oats is /much less
prognostication for
The
while the
prosperity
passing."
or
depression through
They further say that
comparison (as regardsjnumber) with
the
corresponding month of 1912 is adverse, some ex¬
and a ten-year pansion in the commercial death rate is to be expected
Nebraska, Ohio, in view of the steady increase in the number of firms
in business."
The truth of this latter statement is,
Georgia, Kentucky, South Dakota and Minnesota
of course, so obvious as to require no further eluci¬
exhibit more or less marked improvement as compared
dation.
: ::V. •.\~
with a year ago, and Kansas, Texas and Oklahoma
The mercantile mortality in all lines in June 1913
very moderate deterioration.
It is obviously too
was
1,145, representing liabilities of $20,767,625,
early to speculate as to the probable size of the crop,
against 1,006 and $12,847,711 last year, 864 and
but the Department tells us that the outlook July 1
$13,625,025 in 1911 and 818 and $11,817,454 in 1910.
was for a yield-of 27.8 bushels per acre, against last
The increase in indebtedness over last year is shared
year's final figure of 29.2 bushels. This would
in by all the three classes—manufacturing, trading
make the aggregate product 2,971,000,000 bushels,
and brokers, &c.—into which the failures statistics
or 154 million bushels less than for 1912, but exceed¬
are
segregated.
But the increase in the liabilities
ing all earlier years and 1911 by 440 million
year,
80 two years ago, 85.4 in 1910
average
of
84.
Illinois,
Iowa,
in the first class
bushels.
Spj^ng-wheat condition shows a decided drop dur¬
(4 million dollars) is completely cov¬
ered by two
the
disasters for very large amounts, over
trading indebtedness of 7 millions is ex¬
ing June (19.7.points), and is reported July 1 much
below the average of recent years.
For this result,
half
absence of moisture
accounts for most
over
much of the area, accom¬
plained by
one
suspension and
of the debts
a
single realty failure
among
brokers, &c.,
78
THE
It is needless to
urge that results for
are
not
necessarily conclusive
as
to
a
CHRONICLE
were
909,061, and Messrs.
"numerically this
from
the
8,317
failures
in the corresponding six
but, owing to several insolvencies
size, the aggregate liabilities rose to
highest point since
$108,012,223 in the
one
1893
shown this year
and
with
compares
period of 1912."
same
division, however, is
5,783
In only
falling off in number
any
We refer to traders, of whom only
..
forced to the wall in the six months of
were
1913, against 6,070 in 1912; but liabilities this
were
11
over
comparing
million
with
dollars
year
greater—$60,582,724
$49,535,601.
Manufacturing
in¬
solvencies number 2,049,
against 1,928, with the lia¬
bilities $55,493,269 and
$45,114,121, respectively,
the
excess
of 10 1-3 millions this
year
being furnished
by
two very large suspensions.
Among brokers,
&c., too, the result this year is less favorable, 331
for $16,833,068
contrasting with 319 for $13,362,501.
Banking suspensions, on the other hand, make a
satisfactory comparison. The number of suspen¬
sions in each year is
precisely the
the amount involved in 1913 was
only $6,417,372
Analyzing the returns
half-year by sections of the country, we find
in each except those classed
Dun & Co., and
as
Western by Messrs.
including Montana, Idaho, Wyom¬
ing, Colorado, New Mexico, Arizona, Utah and Ne¬
vada, an increase in insolvent liabilities over last
year.
.'
•
are
corresponding
period of 1912.
of
indicated (817
comparing
696), but liabilities nearly doubled ($9,593,498
contrasting
with
$5,112,219).
Numerically the
with
showing is the poorest since 1908, and in the
of indebtedness involved there
is
only
amount
a very
erate decline from the record total
of 1910.
facturing debt
rose
mod¬
Manu¬
from 1^ millions in 1912 to 4
millions, trading liabilities register an augmentation
a little more than
1^2 millions, and, although there
of
fewer failures
among
were
in indebtedness of about
brokers, &c., an expansion
Yi million dollars is reported.
The only Province not
a
year
ago
are
showing liabilities greater than
Newfoundland and Prince Edward
Island.
'
.
,
.
'
•
v
Immigrant arrivals in the United States
asofficially reported,
period of
1907
a
in May,
larger than for the similar
and
were
exceeded only in
nominal extent in 1906), when
cedented rush of
nessed.
were
any recent year
(and to
foreigners to these shores
Furthermore, the arrivals
compile the figures,-
were
in
ahead of all
an unpre¬
was
June,
as
wit¬
a
magnitude to severely tax
the facilities of the
immigration officials to handle
There
was
growing indications
matters
some
of trade
unsettled, there
in the movement.
reason
to
expect that, with
reaction, and with tariff
would
be
a
marked
let-up
That, however, has not been the
according to reports from the
steamship
agencies, are there any signs of it.
On the
contrary,
case,
nor,
for
May
was
aliens.
a
population,
fluctuating return flow of
the efflux, though a little
constant and
This fiscal year
738, against 560,370
a year ago, 461,704 in 1910-11
only 344,299 in 1909-10.
Consequently the net
gain in foreign-born population
during the latest
eleven months' period has been
675,032, which, while
and
comparing with only 348,550 in 1911-12 and 486,644
1910-11, is 62,913 less than in 1909-10 and fully
in
200,000 below 1906-07.
A feature of the current fiscal
year's
has been the
very
of several nationalities
for
instance,
for
immigration
noticeable increase in the influx
or
the
Arrivals of Poles,
races.
eleven
months
have been
greater than for any previous full year, and the same
is true of
Russians,, Armenians, Syrians and Portu¬
Moreover, for the elapsed period pf 1912-13
guese.
one-sixth (to be exact
120,560) of the net gain
foreign-born population has been Polish, whereas
over
the
proportion of Italians
was
only a little larger,
having been 265,686 and departures 135,425.
Attention at Washington seems to be
steadily
arrivals
centred upon the
devising of some plan
restricting immigration. At the time
ment
or
scheme for
of his retire¬
Commissioner-General of Immigration, Mr.
as
Daniel J. Keefe declared that
our
immigration laws
exceedingly lax and permit the landing of great
are
numbers
of
undesirable
foreigners, mostly from
Europe, and he urged that the laws be tight¬
Mr* Wilson, the new
Secretary of Labor, is
Southern
ened,
stated to have been very much
impressed by this state-,
ment of Mr. Keefe, and it is
reported that the Secre¬
tary intends to request
so
as
to
a
thorough revision of the laws
prevent the influx of undesirables.
With*
this end in view
he, it is announced, is makng an
exhaustive study of the problem so as to recommend
some
adequate legislation fo^r Congress to act upon.
While all proper means should be
out
really objectionable
that
any
persons,
adopted to shut
it is to be hoped
legislation recommended will
nOt
partake
of the character of that which met with the
disap¬
proval of former President Taft.
we
month, while for the elapsed portion of July the
number passing into the
country through the port of
them.
total
smaller than in
1911-12, has been greater than the
normal—in fact reached for the
eleven, months 553,-
records for
that
New York has been of
there is
as
Not only is a large increase in the
insolvencies
The record
For the eleven months of the fiscal
year 1912-13 (July 1 to
May 31) the aggregate
inflow at 1,228,770
registers a gain of 319,850 over
1911-12 and 280,422 over
1910-11, but falls 39,347
below the high-water mark of 1906-07.
These fig¬
ures do not
represent, however, the true situation as
regards the country's gain in foreign-born
in
.
Canadian failures for the six months of
1913
in decided contrast with those of
the
number
110,075 in 191,1.
206,033 in 1907.
same—55—but
against $17,833,235 in 1912.
for the
non-immigrants),
May 1912 and
which compares with but
132,657 in
gratifying decrease
months last year;
of exceptional
the
The official
immigration bulletin for May 1913
gives the arrivals in that month 164,692
(made up of
137,262 immigrants and 27,430
R. G. Dun & Co. state that
a
recorp
for this calendar
year. 'JT
immigration is looked
8,163 defaults for $132,-
represents
xcvii.
the demand for
labor, such as this foreign element
supplies, is stated to be so very brisk that a
single month
existing tendencies.
In that
respect the failures exhibit for the six months
ended June 30 1913 has a much more decided
value.
For that
period there
[Vol.
War,
time
one
as ferocious and sanguinary as existed at
during the conflict between the Turks on
hand and the Balkan Allies
progress
in Macedonia.
on
It s(eems
in view of the claims and
the
other, is
any
the
now
in
virtually impossible,
counterclaims
from
inter¬
ested sources, to compile a consecutive account of the
week's
to
happenings.
But the important points seem
be, first, that the Bulgarian arms have suffered a
series of
and the
overwhelming defeats both from the Greeks
Serbs; and, second, that Roumania has for¬
mally declared war on Bulgaria and has recalled her
.
July 12
from
Minister
Advices
Sofia.
that the Roumanian troops
garian frontier
manian
note
from
began to
that in the event of
war
her former Allies Roumania
take
state
the Bul¬
The Rou¬
Bulgaria in regard to this action
recalls the fact that Bulgaria was
ago
Vienna
cross
Thursday afternoon.
on
to
CHRONICLE
THE
1913.]
warned
some
time
between Bulgaria and
would be compelled to
action. The note adds that
Bulgaria did not
wounded
79
picked
were
the Servian casualties
week's
Sofia
The
a
Turkey.
side
their
on
result of little
as a
The
Greeks,
casualties
10,000
too,
declares that the present
paper
Bulgarian
denly attacked Servia without giving the customary
King Milan of Servia declared
war
prescribed in international conventions.
Turkish
frontier.
the
Bulgaria.
by hostile forces
fighting has been
human
life,
Bulgaria
extensive
so
that
all credited with
are
Greece,, Servia and
desire to welcome ail
a
Bulgaria, however, is the
arrangement for peace.
only State that has made
definite
a
to secure
move
The latter is alleged to have appealed
this result.
Russia to arrange an
to
fierce and the loss of
so
armistice, but there is
direct confirmation of such
no
request from St. Peters¬
a
burg, and the British Foreign Office professes ignor¬
ance
of the matter.
According to
Russia has acceded to
proach Servia and Greece at
arranging
view to
a
a
permanent settlement.
object, presumably, is to take advantage
of the present
situation to wring from Bulgaria all the
territory she claimed
during
with
once
ap¬
immediate truce, after which negotia¬
an
tions will be conducted for
Roumania's
Paris dispatch,
a
Bulgaria's appeal and will
the
as a
between
war
her only
gave
Turkey,
disposition to
a
There has been
enterprise.
speaking in
a
There is little
likelihood, however, bf Turkey embarking
war
take
Jingo spirit in Constantinople which is
urging the re-taking of Adrianople.
fresh
upon
stantinople dispatch
as
a
Con¬
remarking that the Turkish
Government had had enough of war.
Vienna state that
a
A member of the Cabinet,
official capacity, is quoted by
an
the
correspondent
excused from
and
Advices via
Bulgaria has arranged for the
neu¬
being that Bulgaria will relinquish her
claim
for
other
hand, the Porte is declared to have formally
indemnity from Turkey.
the
territory.,
'■
The
Bulgarians" to
;,
Bulgarians
killed in the
Kotchana
Ishtib
It
Bulgaria
has
is
reported
relieved
the
army
command.
General
the present
of
on
at
Serv'ans
and
Bogdanza,
violation
of
Nigrita,
on
international
the
unarmed villages
Guevgheli and elsewhere in
law's
of
This
war.
appeal declares that in the event of defenseless Greek
populations being left to their fate, Greece will be
obliged to adopt rigorous
measures
to put an end to
Bulgarian atrocities.
.
The strike in the Rand
serious
protracted
or
promise.
although
been
in
100.
The authorities
clare
martial
that
King
Ferdinand
Savoff,
who
of
van¬
Commander-in-Chief
as
Savoff
is
reported
to
have
without the knowledge
war
The
Bulgarian plan of
where
were
there
Negotiations
opened
were
and brought to
much
was
estimated at about
finally compelled to de¬
were
law.
about the settlement
to the terms
Sunday: night,
on
During its brief existence anarchy
The casualties
several hours'
prove as
less sporadic outbreaks have since
Johannesburg,
bloodshed.
noon,
gold fields did not
last week's accounts seemed
as
It ended formally
more or
reported.
reigned
which
on
brought
Sunday after¬
successful conclusion after
a
discussion, the strike leaders agreeing
proposed.
Gen. Louis Botha, ex-Pre-
of the Union of South
Chairman
of
Africa, Sir George, A.
Rand Proprietary
Mines, and Gen. Smith took part in the negotia¬
tions.
While
the
the
East
negotiations
were
in
progress,
crowds gathered in front of the Rand Club and
to
it.
stone
a
or
began
They disregarded orders to disperse,.,
fired with deadly effect.
Union Club another mob
killed
entire
the
Servia, too, has suf¬
General
Greeks.
"and
alleged - to have been committed by the
Bulgarian troops and irregulars
Within
in
King Ferdinand, by ordering his troops to attack
the
The
massacres
than
and has placed General Dimitrieff in
brought
Bulgarian nation is at stake.
European governments against
atrocities
last(few days in the
districts
quished the Turk, of his post
of
more men
terribly and her troops have been attacked by
cholera.
been
to the
and the troops
reported to have lost
campaign against the Turks.
fered
Turkish
evacuate
fighting during the
and
On the
/■/'"• *'••••••/•'*'•
are
reserves,
have
representation
Farrar,
requested
All
hitherto
Greek Government has made urgent
consideration for This agreement with the Ottoman
war
who
they respond readily, it being realized that the
mier
a
being confronted with
are
military service have been called out;
whole future of the
trality of Turkey during the present trouble, the
Government
on
side but the manifold
every
says,
army
threatened
now
extraordinary calmness and resolution.
to
part.
a
advantage of the opportunity.
renewal of the
on
dangers of the situation
Turkey and the Balkan
evincing
is
too,
Bulgaria is
since
reward for her neutrality
States, but of which the recent arbitration at St.
Petersburg
race
in 1885 against
Bulgaria in the absence of the Bulgarian
Therefore Roumania has ordered her army to enter
The
concede
correspondent of the London Tijnes in
dispatch to his
is the most fateful crisis for the
notification
a
in recent battles.
reply to that warning, but sud¬
think it necessary to
than
more
fighting exceed those sustained in the entire
against
war
by the Servian Red Cross
up
It is also admitted in Belgrade that
detachments.
was
scattered
Near the
by dragoons.
comparatively short time 60 rioters
wounded.
The
vided that the strike
of
terms
be
to
was
settlement
were
pro¬
terminated imme¬
diately and all further disturbances and destruction
of property
strikers
is
to
are
should
be
to
cease;
grant suitable
breakers, who
are
in
compensation
no
strikers in other mines
and to be taken back
sumed, and
no
the New Kleinfontein mine
reinstated, and the Government
way
are
as
the
to
strike¬
to be victimized; the
to
return to
their work
mining operations
are
re¬
victimization is to take place; repre¬
sentatives of the workers
campaign, it is reported, contemplated surprising the
any
Greeks and
are to be at
liberty to lay
other grievances before the Government, which
will
and
Servians, driving
a
wedge between them
seizing Salonika and Uskub, after crushing their
armies.
Some idea of the loss of life may be
from the report
Bulgarians,
the field
gained
that in the last battle the retreating
according to
Servian
advices,
left
eral
of the Union of
South
Africa, Viscount Glad¬
stone, is demanded by the Federated Trade Unions
on, At
11,000 dead and wounded while 6,000 more
inquire into them.
A dispatch from Pretoria,
Transvaal, states that the recall of Governor-Gen¬
a
1,200
meeting of the Federation
delegates
,
were*
present,
on
it
July 6, at which
was
unanimously
Home Rule Bill
Imperial Government to
this action because the Governor General em¬
resolved
take
petition
to
ployed troops to
the
to
Marconi
old
General,
the House of
the British Postmaster
by default,
go
Samuels, has furnished details to
Mr.
wireless
contract.
Parliamentary Committee had sug¬
of
Commons
proposed
Marconi
The
allowed
having been
contract
new
of the
and
of its patents. But
declared that such a course was imprac¬
Mr. Samuels
for the
downe's
only
such terms
These
he said,
terms,
in
some
respects than those
The cost of material has con¬
of the old contract.
and the company demands
station over the price agreed
siderably appreciated,
an
would accept.
naturally less advan¬
were
tageous to the country
contract
to make a new
course was
the Marconi Company
as
increase of $22,500 per
On the royalty the com¬
allowed for.
refuses to make any deduction, asserting that
erection of the stations leaves them no surplus,
the
profit is dependent upon the royalty
The company asked
alone.
staff largely
a
compensa¬
as
through the maintenance
tion for the trouble caused
of
$20,000
unemployed, owing'to the delay in
This request
ratifying the old contract.
passed
was
its third
on
reading of the second passage in the British House
of Commons
on
Monday last.
Bonar Law, leader
Opposition, said that it was probably the last
time that Home Rule would be discussed calmly in
of the
House.
the
The Unionists had hitherto, notwith¬
standing provocation, observed the traditions of the
The Government, he said, was drifting to
House.
inevitable disaster and
bill
of
were
the
forced
on
national tragedy.
a
If the
Ulster County without the consent
people, the Unionist Party
Ulster to the utmost of its power.
the
principle
the
was
was
would. support
Premier Asquith
If the Opposition could
finalv
real danger of persecution under
Bill, they would have both the sympathy and sup-*
Bonar Law's amendment
port of the Government.
that the Bill be
rejected
The Bill
352 to 243.
A Unionist
reading.
was
was
defeated by
then passed
attempt to
a
vote of
to its third
on
place
a
further
obstacle in the way of the enactment of the measure
was
announced in the House of Lords
on
Wednesday
by the Marquis of Lansdowne, leader of the Union
Party in that Chamber.
When the Bill is submitted
in the House of Lords to the second
Secretary Bryan has
a
The
answer
informed
so
delayed by
was
supplementary note from the Japan¬
last
Government
which the
week
containing
arguments
Japanese wished to have considered before
the American
reply
was
presented.
The
purpose
of
simply to explain
and set forth more at length the views of the foreign
office as to the theory of "State rights" and its bear¬
Japan's supplementary note
was
It makes
completed here.
were
than
certain
ever
more
Japan regards the dispute
that
question of interpretation of the commercial
a
as
cabled from Tokyo to the Japanese
details
and
was
The general tenor of the
Embassy
the negotiations.
on,
note
treaty of 1911, which is an issue that Japan may
arbitrated at the Hague should the
to have
seek
problem
yield to ordinary diplomatic negotiations.
fail to
French
The
Chamber
of
Deputies
on
Monday
passed the three years', military service 'bill.
in the army
by
The
reading
on
Mon¬
three
years
instead of two
was
adopted
The remaining clauses of
bill, that the time reserve service be 11 years,
vote of 369 to 223.
a
the
service
territorial
7
years
and
territorial
reserve
adopted by a show of hands.
prompted by the , increase
German army, was bitterly opposed by the
service 7 years were
The measure,
in
the
which
was
Socialists,, but all their amendments were voted down.
The law will give
cers
and
men.
the Government about 700,000 offi¬
The law follows quickly on the heels
of the German army
by the Reichstag last
replied that he did not pretend that the Bill could
improved upon, but it was final in the sense
show that there
California
the
will, it is announced at Washington,
days.
receipt of
ese
All the
not be
that its
States to the second
against
protest
general principle of the bill that the law of 1905
should be changed so as to make the term of service
This has been agreed to.
The Irish Home Rule Bill
of
note
resisted
was
by the Post Office and the company gave way.
It
asks that the new contract shall lapse unless it is rati¬
fied by Aug. 31.
of the United
answer
few
a
pany
and that their
preliminary to the taking of
a
t•'
Ambassador Chincfo.
accept this figure, but admits that
cost must be
It
ready for presentation to the Japanese Government
Mr. Samuels does
the increased ing
in the original contract.
upon
not
is
Alien Land Law
stations, and in the circum¬
could themselves erect
stances the
The
in
through its legislation,
Act overlooks the possibility
probable that the Marquis of Lans-
motion
Japanese
be
nor
date beyond the
the Liberal Govern-
virtual strike against legislation.
on a
such step,
some
the Admiralty
Neither the Post Office
ticable.
on
use
a
xcvii.
Upper House giving itself a prolonged vacation
going
considered
is
gested the possibility of the Government erecting its
own
stations and simply paying a royalty to the
Marconi company
will be powerless to force
the Parliamentary
as
The
by adjournment to
life of the Present Parliament,
! ment
the strike.
suppress
[Vol.
CHRONICLE
THE
80
into
week.
-C ■ V,;
.
foreign financial centres have been thrown
state of nervousness
a
flict which is
in
increase bill which was adopted
by the ferocity of the con¬
being waged between the former Allies
In London there has been acute
the Balkans.
depression," which' has shown itselft particularly in
Brazilian, Argentine and rubber securities.
While
no failures of moment have been reported, rumor has
frequently reiterated of forced liquidation by
been
one
of the strongest
with the markets
writers
are
London under¬
still refusing to handle large new issues.
There have been a
ties for
cliques of operators associated
specifically named.
number of small offerings of securi¬
subscription in the open market, and these
been received with fairly satisfactory
day, Lord Lansdowne will move "that this House
have
declines to
results.
For instance, an
proceed with the consideration of the Bill
until it has been submitted to the
people."
ered
a
The Unionists believe they have discov¬
flaw in the
for the passage
within
a
judgment of the
Parliamentary Act which provides
of bills
over
specified period.
if the House of
the heads of the Peers
Their contention is that
Lords postpones dealing
with the
tures
of
the
offering of £200,000 of 5^% deben¬
Bovril Argentine Estates was over¬
subscribed at 97j^, as was also an issue of £500,000
Vandenbergs preference shares at par,.
The latter
is engaged in the oleomargarine business.,,
successes are declared by a London correspond¬
company
These
ent
to
indicate that The public still has money to
July 12
CHRONICLE
THE
1913.]
The London offer¬
ing of the Mexican national loan is said to have been
a
practical failure. It amounted to £1,450,000, but
less than 15% of this amount was taken by the pub¬
lic, the remainder going to the underwriters.
On the
other hand, the offering of the French portion of the
same loan was attended by very satisfactory results.
invest, though ignoring big loans.
In Paris subscribers to
two of the Mexican
or
one
applied for; sub¬
bonds will receive the full amount
3@8 bonds will receive 3; those to 9@14
scribers to
will receive 4; to
receive 6,
ceive
15@17 will receive 5; to 17@21 will
and subscribers to above 21 bonds will re¬
26%
of
the
applied-for.
amount
No
an¬
nouncement has been made as to
the American sub¬
scriptions to the Mexican loan.
The Brazilian loan
recently offered in London is now selling at 5% dis¬
count.
English Consols
declined to
on
7234? which is
Thursday of this week
low level for the
a new
81
This is probably due to the fact that the Ger¬
tres.
market has just
man
been
speculation of all kinds.
suppress
been
no
and the
general situation has been relatively
Trade in the Fatherland has reacted
one.
Berlin
there have been
states
the Bourse
a
reports
private bank
a
The head of the bank died
a
short time
under circumstances which caused the circu¬
lation of a report that he had committed
suicide,
ago,
and
Emperor William
when
recently
summoned
Max Schickler and Dr. Salomonsohn to Kiel to con¬
and Herr
himself
with
fer
the
On
calm
which until recently managed much of the Kaiser's
property.
basis.
72 5-16.-
sensational
to the condition of
as
a
after
A cable dispatch from
protracted period of boom.
on
Thus, there has
over-extended account in the stock market
Gwinner, the Di¬
von
Deutsche Bank> it was
rector of the
was
considerable
a
distinct policy on the part of the banks to
a
period in which they have been on a 234% interest1
Yesterday's closing price
emerged from
strain and that there has for the past year or more
rumored that
in trouble. The
however,was denied, and threats were made
private bank in question
was
Thursday of last week they closed at *7234 •
Se¬
of the Balkan States have naturally re¬
rumor,
curities
to
flected the renewal of the hostilities in Southesatern
Later, it was reported that the conference was con¬
,
with
comparisons
Our
Europe.
Thursday of last week,
,
made
Inde¬
necessarily
are
Friday
as
was
Bul¬
garian 6s closed last ^evening at 100, which is a loss
of 1 point for the week? ai*d Servian Unified 4s are
pendence Day and
a
holiday in this country.
Grecian Monopoly 4s,
234 points lower at 7634.
however, remain unchanged at 53, while Turkish 4s
prosecute the persons putting it in
nected with the Prince's Trust, a
controlled
the
circulation.
financial
concern
by Princes, including Prince Furstenberg,
Emperor's friend and confidential adviser, and
There has been recently a sud¬
Prince Hohenlohe.
den fall in the Hohenlohe zinc mines
shares, which is
explained by the bankruptcy of Count H. von Hermersberg,
one
Another report with
of the directors,
re¬
without
gard to the conference was that the Kaiser had sum¬
change at 88J4 and German Imperial 3s
also with¬
change at 73. Wednesday was the low point
of the week in the general stock markets in London;
recoveries were shown on Thursday and Friday, due
moned several financial authorities to discuss means
out
to
to indications of
viser
1
are
Russian 4s
point lower at 83.
improvement in the peace outlook.
Rentes
French
Paris
In
are
declined
to
.83.35
last
week, but the close last evening was 83.9234.
renewal of military
operations in the
Balkans
to have produced a more serious
pears
The
ap¬
condition at
This
the French centre than elsewhere in Europe.
is]explained by cable correspondents on the ground
that French bankers have been quietly and indirectly
supplying funds at exorbitant rates to the various
and that the new
of affairs undoubtedly spells bankruptcy for
Balkan States to carry on
turn
the
war ,
all the States and will leave the French bankers with
.severe
losses
instances
hand
on
find
rumors
they
may
difficulty in recovering.
respondents declare that
-progress on
which
a
in
some
Some
silent panic has been in
the Paris Bourse this week, and many
* current asserting
difficulties of
is said, in¬
intermedi¬
general disposition is declared to exist on
anpmportant character, which* may, it
aries.
A
operators as well
the .Bourse to blame the banks for
^intervening.
as
in Paris.
-
burgh has
Among the weakest securities have
The Pittsburgh embar¬
and
some
feeling of nervousness
The First-Second National Bank of Pitts¬
a
French
representative at the
centre,
of the securities of the American
Works & Guarantee
Company
were
Contrary to
Water
placed in France
usage,
accompanied by his financial ad-.
during his northern cruise.,
.
European official bank rates were without change
this week.
Private bank rates
were
a
little easier,
notwithstanding the strain in the financial market.
In Lombard Street short bills closed at
long bills at 4 5-16%, and
at
money
33/g@4% and
in London closed
On Thursday of last week 434% was
2% @3%.
the rate for short bills and
434@4 5-16% for long.
bank rate in Paris remains - without
The. private
change at 3%%, and in
Berlin
the private rate is
4%%, comparing with 4%@5% on Thursday of last
week."
Money in Berlin closed at 3@334%? com¬
paring with 534@6%
vate
4
a
week
The closing pri¬
ago.
bank rate at Vienna is without
no
change from
alteration from'
7-16%, while in Amsterdam the rate was 434%,
which represents no net
official
rates
the
at
change for the week.
^The
foreign centres are:
leading
London, 4J^%; Paris, *4%; Berlin, 6%; Vienna, 6%;
Brussels, 5%; and Amsterdam, 5%.
In the Bank of
their backwardness
been Russian industrials.
rassments have added to the
sensational lines.
cor-- 5%%, in Brussels there has been
have been
volve professional
on
the Kaiser will be
on
Wednesday, comparing with 83.60 on Thursday of
support securities if the/Balkan situation should
develop
England return this week there was
proportion of reserve to liabilities
an
increase in the
to
50.60% from 42.14% a week ago.
was
the
due
chiefly to
reserve
a
This increase
reduction in the liabilities, as
itself increased only
£352,000.
A
year
The gold coin and
bullion holdings are £343,640 in excess of the amount
reported a week ago.
The statement showed a de¬
ago
the proportion
crease
of £8,000
was
50.23%.
in note circulation, of £4,004,000 in
the
latter companyjhas permitted additional criticism
in^the French centre of the alleged unsoundness of
public deposits and of £5,566,000 in ordinary depos¬
American securities.
the amount of
last
;
.as
year.
Accordingly, the receivership
'
'
.
for
Lombard Street paid off loans at the Bank to
.
InfBerlin, the situation has apparently not-been
acute as at either the British or the French cen¬
its.
£9,808,000 net, which is not unusual
immediately after the conclusion of the semi-annual
payments.
The bullion holdings of Threadneedle
83
CHRONICLE
THE
[Vol.
xcvii.
■
ss
Street
nearly £3,000,000 below those
are
period during the last two
£37,391,226 and
and
1912
1911.
The
makes
reserve
comparison, the total being £26,219,000;
it
aggregated
ceding
£29,272,207 and the
£29,821,666.
reported
were
with £40,388,477 in 1912
compare
£40,656,696 in
similar
of this
They amount to
years.
at
£33,003,853 last
preceding.
The
loans
pre¬
year
securities)
(other
£30,853,000 and
a
in
with
compare
and £30,382,639 in the year
year
Our special correspondent furnishes the
become insistent in connection with the finan¬
soon
cing of the
Harvesting of winter wheat has
crops.
been completed in many
important sections of the
country and quite
purchases of this
which
of
considerable volume of export
a
grain have already taken place,
early in the season is certainly suggestive
so
new
active export
an
demand for our cereal crops this
The interior demand for currency has been
year.
stimulated by the Pittsburgh embarrassments, which
have tied up
large amounts of deposits in the unfor¬
following details of the gold movement into and out
tunate
of the Bank for the Bank week:
$1,000,000 in gold to this centre this week.
(of
which
Mexico,
£150,000
from
£13,000 from
shipments of
£20,000
Egypt,
miscellaneous
£914,000 bought in the
and
Imports, £1,097,000
open
sources
from
and
exports, nil,
market);
£753,000 net to the interior of
Great Britain.
V
banks.
rates for
Canada
A further loss in
early dates.
That
indicated
by
the
RR.
found
has
funds
fact
it
This in
gold holdings of 1,765,000 francs
Bank
for
The Bank
loss of
explains the demand by the
measure
gold at New York, where arrangements
made
were
this
week
to
$5,000,000 in bars.
ship
reported in its statement
Thursday
on
a
7,752,000 francs in its silver holdings and of
88,050,000 francs in its general deposits.
a
a
gold item of 1,548,000 francs last week.
some
reduction of
less
no
discounts, indicating
than
some
There
was
290,250,000 francs in
relaxation after the
com¬
*
National
000
of
99%.
that
City Bank
these
on
Treasury deposits
were
The Bank how holds
which
increased 14,650,000 francs.
3,313,687,000 francs in gold,
with 3,271,925,000 francs
compares
a
year
Its total silver is 622,168,000 francs, against
ago.
808,325,000 francs in
1912.
The circulation
out¬
Kuhn, Loeb & Co.
are
6%%
year
on
same
line is the fact
Westinghouse Electric & Manufacturing Co. three6% collateral notes due Aug. 1 1913 for new
two-year notes, of the
a
cash
note
same
character.
payment of $10 in resppct
exchanged.
the money is
cash.
Deposits
called for
quirements.
ments
company
of
statement
a
of
a
6%%
New
York
$17,637,000 in
$13,003,000,
$2,320,950 in
re¬
Thus the cash surplus above require¬
reduced
was
$15,316,050 for the week.
reduction of
The range
Treas¬
1%@2%%.
Monday,
which
reserve
aggregates $19,956,200, which compares with
a
also,
case,
above
the
loss of
reduced
were
reduction
a
They offer
of each $1,000
It is evident that in this
costing the
Saturday's
1,568,-
according to this week's
one
year
965; general deposits aggregate 612,173,000 francs,
014,000 francs, against 1,139,690,461 francs.
Pacific
over
offering to exchange "the
are
of $5,413,200 a year ago.
deposits aggregate,
pay
immediately sold them at
showed
ury
firmly held is
Northern
to
Another example in the
standing is 5,592,223,000 francs, against 5,230,798,against 711,071,925 francs, and discounts
Money
Thursday purchased $10,000,-
and
notes
Clearing House, indicated
ago.
of
syndicate comprising J. P.
Morgan & Co., the First National Bank and the
basis.
year
total
a
A
discounts remains greatly in excess
a
the
advisable
pletion of the settlements, though the total of these
of
still
are
that
(including bankers' commissions) for
reported by the Bank of France, which follows
loss in the
forwarded
distant maturities have ruled firmer than
its notes this week.
is
has
of call
on
It
deficit
during the week
$127,000.
money
These
Loans
a
were
during the week has been
the
extreme
which day the renewals
figures
Were at
2%;
on
on
statement, 442,941,000 francs, comparing with 179,-
Tuesday 2% and 2%
465,483 francs in 1912.
quotations,, respectively, with 2% the ruling rate;
were
Wednesday's maximum
The
Imperial German Bank made another strik¬
ingly favorable return this week.
indicated
a
was
on
hand
gain of 18,546,000 marks and total cash,
including gold,
There
-The gold
a
increase
an
decrease of
of
24,775,000 marks.
184,744,000 marks in out¬
standing note circulation, of 49,278,000 marks in
loans
of 198,158,000 marks in discounts.
and
posits
bills
holdings of the Bank
marks and compare
and
De¬
reduced 37,332,000 marks and treasury
increased 6,925,000 marks.. The total cash
were
now
stand at
with 1,281,960,000 marks in 1912
1,196,820,000 marks in 1911.
discounts
combined
One year ago
about
reached
the total
two years ago
was
The loans and
1,385,830,000 marks,
Circulation is
400,000,000 marks ahead of last
one
year ago
2Yf/o
was
2J^%, minimum 2%,
ruling quotation 2%%;
on
Thursday 2 and
again the extreme figures, with 2% the
were
ruling quotation;
on
Friday the extreme figures
2%@2%%, with 2%% the ruling, figure.
were
Time
rates closed at 3@3%% for sixty days, 4@
money
4lA% for ninety days, 4%@5%% for four months,
5%@5%% for five months and 5%@6% for six
.
Commercial paper is in rather lighter de¬
months.
and
mand
discounts
without change
and
ninety-day
enc
months'
six
to
Others
are
are
wellnr
aintained, though
for the week, at 5%@6% for sixty
orsed bills receivable and for four
single
names
of choice
character..
quoted at 6%@6%%.
1,161,080,000 marks and
1,067,320,000 marks.
total is 2,132,024,000
marks
1,461,122,000
and the
the highest and lowest
year.
The
marks, against 1,740,020,000
and 1,632,780,000 marks in 1911.
With
a
Transvaal
calming down of the labor troubles in the
and the culmination
of the demand for
remittances for July dividends and coupons to Eu¬
rope,
the market for sterling exchange has ruled
rather easier this week.
A
more
confident attitude has been
assumed
lenders in local money circles this week.
by
The fact
Two engagements of gold,
$3,000,000 and the other of $2,000,000, were
made this week for Paris, and it is understood that
one
of
that the Bank of France has been in the market for
the movement,
gold and has already taken $5,000,000 of the precious
exceed $10,000,000.
metal has been
ness.
an
appreciable influence of this firm¬
In addition the banks have shown
a
disposi¬
tion to prepare'for the interior demands that will
which is for the Bank of France, will
Some difficulty is being experi¬
enced in securing
gold bars, and the bankers who
are
forwarding the precious metal do not desire to send
gold coin,
on
account of the abrasion land loss of
july
transaction an expensive
is, the exports, even of bars, are not
exchange operations, and the Bank of
weight, which makes the
As it
one.
justified
as
France is
undoubtedly granting facilities to encourage
The $5,000,000 already
metal.
the movement of the
shipped has nearly exhausted the
all at
Philadelphia and
York
to
that
are
a
is
centre
supply of bars at
virtually no bars at
small shipment from New
expected to be made on
There
Assay Office.
the
supply of
It is stated that the nearest
Monday.
and the cost of bringing them to
bars is at Denver,
83
CHRONICLE
THE
121813.]
transfers
at
On Wednesday, an
points took place in the general
4 8725@4 8730.
advance of 5@10
market, to 4 8305@4 8315 for sixty days, 4 8685@
4 8690 for demand bills and 4 8735@>4 8740 for ca¬
rather active demand for
with the London set¬
tlement.
On Thursday the market ruled quiet;
demand and sixty day bills were without change,while cable transfers advanced 5 points.
Friday's
market was excessively dull with rates indicating
an easier tendency.
Closing quotations were 4 8290There
ble transfers.
was a
cable transfers in connection
days, 4 8680@4 8690 for demand
@4 8310 for sixty
Com¬
for cable transfers.
bills and 4 8735@4 8745
The renewal of mercial on banks closed at 4 80% @4 82%. Docu¬
ments for payment finished at 4 82%@4 83% and
fighting in the Balkans is not unlikely to still further
Cotton
unsettle the European money centres, although it seven-day grain bills at 4 8585@4 8590.
for payment closed at 4 82%@4 82%; grain for
will at the same time delay the financing that had
payment 4 8335@4 8350.
been arranged to promptly follow the establishment
of peace.
Local money rates have materially hard¬
The New York Clearing-House banks, in their op¬
ened and should operate against remittances of funds erations with interior banking institutions, have
abroad.
London is greatly relieved at the passing gained $1,765,000 net in cash as a result of the cur¬
of the danger of the tying-up of supplies of gold in rency movements for the week ending July 11. Their
the Transvaal.
Had the strike situation become suf¬ receipts from the interior have aggregated $12,196,000, while the shipments have reached $10,431,000.
ficiently acute to have that effect, there were some
Adding the Sub-Treasury operations and the gold exforeign exchange interests here who were expecting
ports^which together occasioned a loss of $8,926,000,
city for export is prohibitive.
this
a
further rise in the Bank of England rate in
order
from London. A
quite active demand has developed at this early date
prevent the exportation of gold
to
for
new
American wheat, and there is evidence
tinues
been
a
aggregated £42,836,000, comparing with £34,972,331 in 1912, while
the imports were £58,322,000, against £50,667,646.
These figures are certainly suggestive of an active
demand for banking accommodation at the British
centre.
Of the £730,000 South African
Banks.
obtained by the Bank of England, the
being taken for India.
Continental
The
remainder
$1,765,000^
26,752,000
Loss
8,926,000
$30,022,000 ""'$37,183,000
Loss
$7,161,000
/
17,826,000
principal European banks.
July 10 1913.
July 11 1912.
-
Banks of
Total.
£
'V...
Gold.
Silver.
Total.
£
Silver.
Gold;
£
£
£
£
•
8,164,667
5,703,000
6,541,000
Norway.
2,319,000
40,388,477
37,391,226 40,388,477
24,886,680 157,434,080 130,877,200 32",333",760 163,210,960
14,200,000 69,175,500 45,175,200 16,627,000 61,802,200
7,996,000 159,778,000
7,717,000 168,074,000 151,782,000
10,540,000 61,045,000 51,554,000 12,250,000 63,804,000
29,903,000 48,218,000 17,050,000 30,089,000 47,139,000
3,660,000 46,069,000
3,740,000 50,313,000 42,409,000
948,400 13,Q37,400
654,100 12,759,100 12,089,000
3,359,000 10,077,000
6,718,000
4,082,333 12,247,000
5,258,000
5,258,000
5,703,000
6,498,000
6,498,000
6,541,000
2,045,000
2,045,000
2,319,000
535,396,793
534,605,119
95,723,113 631,119,906 511*843,877 107,263,160 619,107,037
96,417,927 631,023,046 510,162,486 108,217,030 618,379,516
England.
exchanges have been irregular
37,391,226
_
132,547,400
Germany. 54,975,500
Russia
160,357,000
Aus. Hun
50,505,000
France
Spain
18,315,000
____
Italy
Netherl'ds
46,473,000
12,105,000
Nat.Belg
Sweden
■'w'.-/-
The London check rate in Paris, as re¬
this week.
Bank Holdings.
$10f431,000 Gain
$12*196,000
Switzerl 'd
gold offered
market in London on Monday, £630,000
in the open
was
They
records.
previous
Banks.
„
following Table indicates the amount of bullion
The
in the
above
'
Net Change in
according to the British Board
the exports reached £6,000,000
returns,
' :
/
Out of
Into
11.
Week ending July
________
Trade
follows:
loss of $7,161,000, as
a
of grain bills.
the month of June,
of
the flow of money into and out
for the week appears to have
of the New York banks
Meanwhile trade,
showing distinct reaction in Germany, con¬ Banks'' Interior movement.
Sub-Ti^aftroperf alld^oUliejcgorts.
on a record-making scale in
England.
For
Total
continued supply
while
of
the combined result of
__
.
Tot. week.
Prev. week
"
ported by cable last evening, closed at 25.25 francs,
against 25.24% francs at the close on Thursday
of last
was
20.46% marks, comparing with 20.46% marks on
Thursday of last week.
Berlin exchange
on
Paris,
as
The war—if it
Thursday a week ago.
Compared with Thursday of last week, sterling
exchange on Saturday (Friday being a holiday) was
firmer, with demand quoted at the close 15 points
between
higher at 4 8705@4 8710 and sixty days 5 points
announced last
higher at 4 8315@4 8325.
on
Cable transfers were 10
This strength was
points higher at 4 8750@4 8760.
based
on
On
tion.
the increasing
strain in the Balkan situa¬
Monday there
was a
sharp break in de¬
8680@4 8690 and
mand bills and cable transfers to 4
fairly he
so
termed—which has
Allies in the contest against
recent
with 123.37 francs
can
suddenly broken out in; the Balkans between
reported by cable, closed at 123.32% francs, which
compares
.STATES.
THE FIGHTING BALKAN
week; at Berlin, the demand rate on London
on
Bulgaria
the other,
and
or^ one
aftermath
to
October
Christian States to end
Moslem misrule in the
a
as
the
a
conflict
fight—is a
which
was
righteous uprising of
tLe abuses and outrages of
peninsula.
When the neutral
interposed at the opening of the war,
Powers first
with
side and Servia and Greece
with Roumania mobilizing its troops
apparently making ready to join the
lamentable
the
Turkey—a war
view to narrowing
Balkan States gave
the area of conflict, the
public assurance that they were
Their motive,
championing of a
defenseless population and the ending of Ottoman
ment of $2,000,000 in gold for Paris by Lazard
Freres and $1,000,000 by Heidelbach, Ickelheimer tyranny in
Turkey's dependent provinces.. The
& Co. was announced.
On Tuesday, with an addi¬ provocation to such a movement was admittedly
tional $2,000,000 engaged for export to Paris, some great.
The Turkish abuses had long been such as
4
8725@4 8735
,
respectively, while sixty days de¬
clined about 5 points to 4
weakness
a
was
8310@4 8325. The engage¬
developed in the early trading, thojugh
rally took place at the close, owing to less satisfac¬
tory
reports
labor
Transvaal; demand closed 4 8680@
sixty days at 4 83@4 8315 and cable'
concerning
troubles in the
4 8685
and
the
settlement
of
inspired by
no
territorial ambitions.
they explained, was purely the
to scandalize
the world; and, although the reputation
of the Balkan States themselves
civilized .warfare was by no means
for humanity and
unimpeached, the
accepted by the
declaration of the belligerents was
world at large at its
face value.
84
THE
The
war
vaders
it
of
was
vastly
more
Turkey had
CHRONICLE
successful than the in¬
anticipated.
It
routed
short;
was
marked
was
Turkey
once
had sued for
sullen and
fenceless
All the original profes¬
humanity and disinterested public spirit
thrown to the winds, and the
greedy scramble
the choice morsels of the conquered territory
ensued.
'
-
•
*
:
stood
the
claim
for
Albania and the attitude of the neutral Powers
would
be
drawn
was
into
at last
the
quarrel,
arranged for
;
the
re¬
This
was
is
to
will
of
come
strong
of the field of operation of
this
probability
be
resort
compelled
to
of the neutral Powers.
tinue
But it
was
Allies, would'have
campaign.
to bear
the
also because the
This, happened;
main brunt
but it
of the
happened also
that the army of Servia and the
navy of Greece per¬
formed more effective service than had at
any
been
anticipated.
These
nations,
time
therefore,
be¬
insistent in their demand for
larger concessions
to themselves and in their
objection to what
came
Bulgaria
had received.
'
,
-
territorial
The other
"or
arrangements ratified by the Powers.
belligerent States continued restive. Two
three weeks
the Czar of Russia personally
sharp note to the several belliger¬
ent
governments, reminding them that they must
abide by arbitration.
It was supposed at the mo¬
intervened with
ment that
this
ago,
a
would
settle the dilemma.
Appar¬
ently, however,: the Bulgarian, Greek and Servian
armies, still encamped in the neighborhood of one
,
another, took matters into their
of them started the trouble it
own
hands.
Which
is difficult to
say;
but
irregular fighting began; the troops were
reinforced,
and in the end,
possibly because no other recourse
remained to control the
army, a more,or less informal
declaration of war was made
This
by Greece and Servia.
shortly followed by Rumania's declaration
was
that it proposed to take
a
How extensive the loss of life has
actually been in
these irregular conflicts it is
impossible to say.
No
.correspondents seem to have been allowed at the
front to watch the action of the
army, and, as a nat¬
ural result, wild and
exaggerated rumors have cir¬
culated in the
European cities. The Greek
govern¬
ment has made formal
protests to the neutral Powers
against the wholesale atrocities which it
alleges the
Bulgarian troops have committed.
Bulgaria itself,
having apparently the worst of this three-cornered
conflict, has again professed its
willingness to stop
the futile
fighting, and has placed itself diplomati¬
cally in the hands
As for
from the
of Russia.
Servia, it is plaih that
war
of
eighteen
fighting.
home
years ago,
when Servia1
was
those
who
extraordinary situation. The
that the
fighting Allies
by their own necessities to
is
point their present
some
will be
war
exhausted-
sup¬
Their
must be
pretty nearly used up; their
foreign credit is, naturally, at the lowest ebb. Finan¬
cial Paris, in
particular, which has loaned between
$25,000,000 and $50,000,000 lately for the purpose
financing by the Allies, will certainly
lend nothing more under
present conditions.
Fur¬
of after-war
thermore, the exhaustion
and the industrial
—a
themselves,
paralysis of their home communi¬
bound to tell
are
of the troops
the situation in
on
the end
fact which
perhaps explains why European mar¬
kets accepted Rumania's intrusion into the
contest as
a
sign that the other belligerents would sue for peace.
happen to the Balkan harvests, when all
What is to
the available farm hands
time and
are
at the front at
were
remaining there
over
seeding
the harvest, and
when the
usual wheat output alone of the Balkan
States and European Turkey
approaches 10P,000,000
bushels, it is difficult to
present
struggle
Continuance of the
say.
is
apparently impossible—unless,
indeed, the troops merely become a half disorganized
of
mass
tacle
predatory bandits—a
for
new
times, because
our
and horrible spec¬
they
would
equipped with the modern engines of
war,.
-
the
neutral
their position
over
have
large
display great uneasi¬
also.
interests
in
Russia and Austria
the
contested
Turkey itself has threatened to take
present fight—which,
cause
her
action
neutral Powers.
problem
to
States.
field.
hand in the
altogether by the
There has also arisen the familiar
what
would
follow anything like
of the outside military
As to this, however, it is
fairly safe to say
the
regard
a
however,' is improbable, be¬
is; controlled
as
forced intervention
that
be
Powers, it has been natural
that financial markets/should
ness
still
destructive
'
,
,
for
As
by
one
psychological moment of
was
passed two months
the attitude of Russia has been
danger in that
ago.
Since
then
definitely set forth
by the Czar's intervention in the Balkan quarrel.
The German Emperor's
jubilee, with its emphatic
insistence
the hatred inherited
from the
nurses
impress
It is difficult, in
fact, to
belligerent armies can long con¬
At
resources
still
hand.
should
plies and munitions of
ties,
Bulgaria had from the, first professed—perhaps
not
unnaturally—its willingness to stand by the
ar¬
arbitration.
conceive how the
original agreement between the Balkan belligerents
contemplated that Bulgaria, the strongest of the
it
as
as
its armies, did not collide with the
sphere of influence
,
this
something little short of grotesque.
The European
communities, and in particular
the uneasy
European markets, are asking what
partly because Bulgaria's ex¬
its border, both on account of its own
geo¬
tension of
Be
the sympathy of the civ¬
wholly alienated from these quarrelsome
communities
listen to it
was
graphical situation and
achievement.
States, their appeal for Red Cross
outside
found that Bulgaria had the bulk of the
conquered
territory.
of
by the extent to which, with
territorial
whereupon it
queen
in public medals
The nature of the situation is
best illustrated
ilized world
garding seaports on the Adriatic.
With great fric¬
tion, and with constant danger that other nations
division
that
wear
de¬
a
by the home governments of the fighting
even
independent
an
happened to be the
and allowing for all exaggerations in the
frag¬
mies.
:
Against these enlarged demands of the Balkan
belligerents
who
woman
mentary accounts of the collisions between the recent
Allies, the fact undoubtedly remains that a
campaign
of massacre has been in
progress, hardly restrained
of
to get
is,
revengeful spirit which made it possible
commemorating
may,
under such circumstances.
were
There
the part of Servia of that
on
their country and thereafter to
conquered lands among the victors became imme¬
diately an awkward problem, as is apt to happen
sions
evidence
some
xcvii.
for the officers of the
army to cut the throat of
the division of the
peace,
by Bulgaria, has been re-aroused.
indeed,
by uninterrupted success; it led to the
complete collapse of the Turkish Empire, and the
spoils, territorially speaking, were enormous.
When
[Vol.
on
the twenty-five years of
peace which
have marked his rule in
Germany, sounded
of
The
Germany's
policy.
President
of
the note
France,
July 12
lish
"Is
should
zation
an
France
forever be associated for the progress of civili¬
and the maintenance of peace in the world?"
that the two
as
it stands, then, is not so much
exasperating and disgusting.
That
immediate crisis will work out its own solution,
the
as
to
as
Balkan
cent
the force of the mutual jealousies of the Balkan
Powers.
The one conclusion that stands out beyond
that
is
others
the
the
Concert
of the neutral
Powers, which in this year's crisis has been utilized
with an effectiveness, never seen before in recent
political ma¬
chinery for the legitimate supervision of European
history, must be left as a permanent
and the
affairs
spent over $50,000 per
ambitions, and with
dispute behind them, that is another
safeguarding of European peace.
COMMISSION
Haven Company has
mile for road and equipment.
significance of this lies in its bearing upon re¬
Tt should also be noted that it is
accidents.
"while this expenditure has been made
free hand, there is nothing to show that it
stated that,
with
a
not
has
been wisely made,
and much to indicate
Obvi¬
fully justified the outlay."
that the result has
such statements demonstrate* that the dis¬
astrous, accidents which have befallen the road (and
ously,
responsibility for one of which, namely the wreck
at Stamford, Conn., on June 12, was the present
,
charged to negligence on the part of the com¬
week
pany,
Commissioner McChord saying that Engi¬
Doherty in charge of the second sectipn of the
neer
THE REPORT OF THE COMMERCE
Commission states that during
last nine years the New
the
way
all
free
,
Observe that the
This episode has shown in a lamentable
question.
a
hand, there is nothing to show that it has not been
wisely made and much to indicate that the result
has; fully justified the outlay., ■
;/, /
The
new
expenditure has been made with
While this
longer future holds for these
States, with their
this present
capitalization of the
average
period.
that
long delay, is altogether probable.
what the
equal to the
almost
railroads of the United States at the beginning of
it is
and without very
But
its road and equipment over $50,000 per mile, a sum
peoples of Great Britain and
The situation
critical
85
CHRONICLE
enthusiastic welcome by the Eng¬
people on his recent visit to that country, asked,
it not decreed, by the very nature of things,
responding to
;>
THE
1913.]
train lacked
experience), cannot be attributed to any
'
ON
failure to improve
THE NEW HAVEN RAILROAD.
The results of the
inyestigation of the Inter-State
the property and keep it in high-
class condition.
■■,/.?
'
J
impressive
Commerce Commission into the general condition
testimony is furnished to the enormous sums of
of the New York New Haven & Hartford Railroad
money that have been devoted to improve the prop¬
Co. is, on the whole, more favorable than seemed
erty and raise its standard of efficiency.
We are
likely.
There is a mingling of praise and of condem¬
told that approximately $40,000,000 was expended
nation.
The latter predominates /and is caustic
during the last nine years in obtaining the ownership
and severe.
-A tone of sharp criticism was natural,
of additional mileage previously held under lease,
and would of course be expected, seeing that the
and that during the same nine years the company exr
report was written by Commissioner Prouty, who has
pended $96,000,000 for betterments and equipment,
earned a distinct reputation for severe strictures and
"making a total of $136,000,000 devoted to its rail¬
a
generally hostile attitude, this being habitual
road property."
The trtith is/President Mellen was
with him even where the facts, considered impar¬
never
open to
the charge of not looking after
tially, do not warrant it; while in the New Haven
the physical condition of the property.
Indeed,
case
there were some things
that really invited
the matter of raising the efficiency and standard of
criticism, thus affording wide latitude for the Com¬
the property, so as-to make the New Haven the su¬
missioner's propensity.
U■
v
perior of every railroad in the country, has always
The praise in the report is subdued, and-often
been a hobby with him, and the Commission is
accompanied with qualifying remarks and state¬
ments.
But it is there, nevertheless.
We need right in saying that such expenditures have been
In another
part of the report, still more
,
hardly
say
that
no
the management,
praise whatever is bestowed upon
w;hich is unsparingly dealt with.
The
good words in the report relate to the property
and its condition.
In some.instances a favorable
conclusion
tracts the
or
opinion is directly expressed and at¬
more
attention by reason of that
fact; in
the
absence of condemnatory remarks or because facts
are cited by the Commission which admit only of a
other
instances, it follows by implication from*
favorable construction,
In view of the great
curred in the
depreciation which' has oc¬
company's shares and the bitter way
of the property has been
in which the management
assailed, it is encouraging above everything else to
to the effect that the
no
way
Our
impaired.
purpose
company
On that point the report
is in
says:
in examining the financial transac¬
to its
a
free hand."
If Mr. Mellen is at all
to criticism on that point, it is
in having been
lavish in incurring outlays for this purpose.
It is* also to the credit of the company
and its
man¬
agement that the passenger service of both the
New
Haven road and the Boston &
the
highest terms.
We
show that in passenger
are
train performance the New
Haven for the past two years
other * line
and that "this
tire
]\jlaine is spoken of in
told that "the records
has distinctly surpassed
terminating in New' York City;"
has been proved'not only for the en¬
period, but, with
one or
two exceptions, the rec¬
that period
ord of the New Haven for each month in
has been first."
Continuing, the report says:
Upon the whole, this record shows that the per¬
trains of the New Haven
good, distinctly better than that of any other sys¬
tem operating in the State of New York, while that
upon the Boston & Maine is fully equal to that upon
the New York system.
While there is room for im¬
formance of the passenger
is
Company was not to inquire
solvency, but rather as to its methods and
practices.
To avoid any misapprehension, however,
it seems proper to add that, while the financial oper¬
ations of this company have resulted in heavy losses,
there is nothing to indicate that its solvency has been
impaired. The books of the New Haven indicate
that that company has expended in nine years upon
as
too
unqualified statement
solvency of the
tions of the New Haven
open
any
v
find in the report a direct and
made "with
provement, New England should be well satisfied,
upon the whole, with the passenger performance of
these lines.
It is
stated,, however, that what is said as to the
relatively excellent performance
does
not
on
the two systems
apply to the character of the passenger
86
equipment.
The
claimed to be
the
as
CHRONICLE
THE
reason
equipment
upon
lines is
other
superior, the Commissioners assigning
that in other parts
of the country com¬
petition between lines has tended to force the
chase of
The
commen¬
Yet the Commission makes the statement
that, while the freight service of the Boston & Maine
is much less reliable than that of either the Pennsyl¬
vania
Baltimore & Ohio, the freight service
or
New Haven is
& Ohio.
on a
with that of the Baltimore
par
The New Haven road's
specialty is
pas¬
In these
traffic rather than freight traffic.
senger
of the
only slightly inferior to the Pennsyl¬
vania and about
tions that the
and
& Ohio and nearly
equal to that of the Pennsylvania,
it is really giving high
The financial
with that of the Baltimore
on a par
praise.
By
of
The
its
series of computations,
are
railroad sphere.
These outside opera¬
both broadly and specifically
condemned.
company's trolley operations in particular are
denounced.
of
criti¬
$204,000,000 has been expended in operations
outside
tions
company are
the conclusion that the
the Commission arrives at
sum
.
a
The
objections to the general policy
trolley acquisitions
force.
much
The
,
possess,
management
-
to the
undoubtedly
has
We do not have
price paid for the trolley lines, as
to which there is
room
for difference of opinion, but
inadvisability and the inexpediency of acquir¬
We do not believe they
ing the trolley lines at all.
constitute any advantage to the system, and it
been .certain from the first that
ago
has
they would excite
We took exception several
popular distrust.
years
to the absorption of the trolley properties and
pointed out that,
unwise to
company
as a
the
enter
matter of public policy, it
trolley field, inasmuch
already had such
prices.
ad¬
sup¬
the
upon
To
in addition the electric lines
antagonize
was
.
sure
to
alike
were
in the
presentation of misleading figures.
should
cumstance
adopting his
attempt to
transportation field.
happened,, and
The Commission expresses no
reference to the
but
we
acquire
monopo¬
This is precisely
find the Commission
theNewr Haven
lines,
they
Haven is
&
ton
of control¬
Maine
there
the greater part
The
control
can
be
It would
.
more
;
-
of power,
of the Commission for
The Commission already has
power .
an excess
and to strip the railroads of the remaining
vestige of authority which they now possess would be
of
evils
rea¬
the assumption that Government
a
untoward
general protection against ills
kind—against
every
investments
and
depreciation in
against mishaps,
misfor¬
In Massachusetts
occurrences.
regulation of the most rigid kind has
Government
It has been possible to issue neither
bonds without the sanction and approval
nor
the
on
constitutes
control
and
of
Besides, the Commission's
height of folly.
Railroad Commission, which also has
made
the
been
fact that both
of.
It has, furthermore, been the
freight
practice to compel the railroads to obtain the full
rates have been advanced in recent
market value for their shares in the case of new emis¬
to
stock commanded
sions.
If
have
holders
were
done business without any
advance in
a
but had to pay
tent to
laws and
itself to
railroad property.
the
mere
operation of its
The further statement is made
that, had the New Haven confined itself
activities under
the
prevailed in other respects,
same
to
actual
conditions that
"it could have paid
a
.
subject to these
Yet in spite of these rigid
passed off the dividend list and sell
ton &
the
Though we think Commissioner Prouty is justi¬
fied in expressing disapproval of the trolley
purchases,
practices.
one-fourth their former price.
to
v
the full market price.
gov¬
ernmental conditions, Boston & Maine shares have
of
surplus account $1,794,000, instead of showing
premium,:the stock¬
The Boston & Maine Co. has been
dividend of 8% for the fiscal
year 1912 and carried
deficit of $930,000."
a
not allowed to take new shares at par,
its transportation charges and have continued to pay
its stockholders a dividend of 8% had it been con¬
"
This is the familiar plea
could
a
fairly complete
and all practices which relate to
to
and the opinion is expressed that the company
railroad
It then adds:
has
to be
seem
suffered
years,
confine
almost exclusive
an
apparent that if this monopoly
exist, there must be somewhere a
power of regulation co-extensive with the monopoly.
In other words, the Federal Government must as¬
sume
jurisdiction over the maintenance of these
roads in so far as may be necessary to secure the pub¬
lic a proper service.
This investigation emphasizes
the. fact that service is often of greater importance
is
could be disposed
v
.
and passenger
exist
of these financial misfortunes and .fixing the price and terms at which the securities
derelictions."
Reference is
will
the rate, but has no control whatever over the oper¬
ation of the railroad nor its physical maintenance.
stock
paid what must be paid,
and its attempted execution
that if the New
say
Commission
rates
over
what
To this purpose
to the communities
as
of New England.
Commerce
long existed..
traced every one
well
monopoly of transportation facilities by railroad in
ling the transportation facilities of New England.
the accomplishment of this purpose it bought
In
and
as
why iden¬
advantageous to the
permitted to remain in control of the Bos¬
tunes and
had
natural extension of
a
prove
The report does
serve.
decided opinion with
we can see no reason
properties themselves
Company started out with the
be
pre¬
dovetail into each other and
tity of ownership should not
railroad
purpose •
about
figures in the
absorption of the Boston & Maine,
the two systems
as
saying: "The present management of the New Haven
must
his
has
adept
That cir¬
cautious
everyone
or
an
sent instance.
soning proceeds
has
make
conclusions
the
an
Prouty
occasion shown that he is
one
the" company was
what
Commissioner
erroneous.
than
on more
public sentiment and in the end lead to charges that
engaged in
cases
port of the conclusions drawn in those cases, as well
as the inferences and deductions based
upon the same,
than the rate itself.
the steam lines and also the water lines.
lize the entire
We showed in reviewing his
in the rate
years ago
was
as
paramount hold
a
sweeping allega¬
all made at extravagant
decided
it must be admitted,
been vulnerable in that respect.*
reference to the
excessive
were
the Boston & Maine lines form
operations of the
cised without stint.
purchases
versely to the railroads, that the figures used in
circumstances, when the Commission says'that the
freight service is
xcvit
disposed to accept without better evidence
than is furnished in the report the
opinion two
freight service does not receive equal
dation.
pur¬
modern appliances.
more
not
we are
[Vol.
now
at only about
Nor does the Bos¬
Maine stand alone in that respect.
other
same
The shares
properties which have had the benefit of
conditions, such
as
Boston Elevated stock
and various other
trolley properties, have suffered
in the
that is, have experienced great
same
shrinkage.
way,
As,
a
general proposition,
we
should sub-
July 12
scribe to the Commission's conclusions that
carriers should not
expend
money or
railroad
its
operation of
tension
or
development of such railroad; but we
that it would be
to enforce the
to note that,
well enough
while the Commission says
"the outside properties
of the New Haven have been
acquired at extravagant
prices," it also
substantial
of
"they
says
for the most part of
are
kind
the value of which should improve."
value, and in many instances are a
property
It is likewise stated that ""the
of which has
none
their protest
is
contract market, and,
financial condition of
as
therefore,
in the nature of
The effect of the Clarke amendment
special plea.
a
a
cannot be regarded
concisely put by the Savannah Cotton Exchange,
which, in its protest to Washington, used the fol¬
(Clarke)
"This
words:
lowing
amendment,
by
destroying the American future markets, will demor¬
alize the whole system
'"'."r
requirement..
conclusion, it is
in order
powers
more
any
think
Inter-State
mistake to give the
a
Commission
Commerce
In
legitimate improvement, ex¬
in the
or
inter-State
incur liability
acquire property not needed in the
or
87
CHRONICLE
THE
1913.]
by which the cotton
is
crop
moved, and will, in consequence, bring distress upon
all concerned in the cotton trade."
v
Several attempts have
means
are
been made in recent
years
bill that would by direct
do that which the enemies of future trading
to force
through Congress
a
In each
trying to do by indirect means.
now
attacks
instance these
by
were overcome
enlight¬
an
calls for careful consideration and pru¬
ened
public opinion> which, after all, should be the
hysteria." : In
of the report is found this further ad¬
monition, which is of application not only to the New
final
arbiter
the company
action, but gives no occasion for
dent
another part
Haven Co. but to the railroads
generally throughout
"What is needed first of
the United States:
all to
England is
opportunity for constructive work.
improve the railroad situation in New
and
rest
carriers
is much truth in the claim of these
There
they have been so occupied with
that
and
an
investigations
criticised by. the public that no
fair opportun¬
so
of
The agitation against
legislation.
free-silver
section
which swept that
heresy
ery
of cotton.
v'
;
Washington it is reported that in supporting
From
the Clarke amendment some Senators
take the posi-.
that, while they doubt the wisdom of
road
ure,
or
It
that such
seems
admonition should
an
ter-State Commerce Commission,
come
from the In¬
are
and will be
they
say,
and which has
Was
ever
in
undertaking investigations
done
so
much to impair the prospects
of the farriers.
by
injurious, still,
a more
THE PROPOSED TAX ON COTTON
CONTRACTSf
Tariff Bill, placing
meas¬
as
the farmers want it,
unprincipled view than this voiced
in
high
men
economic wrong
■
the
of the positive opinion that it is unwise
let them have it and take the consequences.
which has been so
free
the sup¬
the deliv¬
ently been back of the legislation aimed at
pression of trading in future contracts for
tion
properties."
some
The National Farmers' Union, whose
membership is said to number 300,000, has appar¬
ago.
years
ity has been given for the operation of their
rail¬
strange and anomalous
with the
"futures" in the South is about on a par
authority?
They
the
foresee
about to be inflicted upon a great
industry, but, listening to the clamor of an
organized
old, and wash
a tax of about fifty cents a bale on contracts entered
their hands, as it were.
In line with such an atti¬
upon for the future delivery of cotton in accordance
tude, the Senate Finance Committee has refused a
with the rules of a cotton exchange, appears to be hearing to representatives of the New Orleans ahd
only another step in the direction of carrying out New York Cotton Exchanges, where future contract
policies destructive to legitimate business. Southern trading in cotton is carried on; and Senator Clarke,
the author of the amendment, is said to have re¬
cotton interests, which have been content to sit idly
by while doctrinaire' statesmen have advocated marked that the committee was sufficiently informed
measures
calculated to bring on commercial and as to the subject of "futures."
-vfinancial disturbances, have at last awakened to the
.What effect an ^oused public sentiment in the
necessity of joining forces with other conservative South will have on soihe of its statesmen at Washing¬
people to check the legislative excesses now being ton remains to be seen; but at least the Democratic
committed at Washington.
v
^
Party will have the pleasure of knowing that by its
Cotton is the one great industry of the. South.
Its action on the Clarke amendment it has now succeeded
development has kept pace with the growth of that in antagonizing Southern business interests as well
•
'section, retarded only by the Civil War.
To-day as those of other sections of the country.
The Clarke amendment to the
.
mob, they emulate Pontius Pilate of
„
,
value of the
the annual
hundreds
of
tributary to
In
favor.
our
such
a
millions,
us
making
crop
foreign
there has
system of economic machinery to
which the future contract market bears the
of
Into this
balance-wheel.
a
moving at
a
amendment,
relation
machinery, already
rapid rate for the transmission into con¬
sumption of the
new crop now
taxing
the
maturing, the Clarke
market out of
contract
existence, has been thrust with a reckless
of the consequences to
disregard
was
to be
expected, Southern cotton exchanges
have been the first to protest
which
has
already
Democratic caucus,
by the Senate
tantamount, it is said,-to
itself.
of the proposed
measure
These protests have come from the
is
GROSS EARNINGS
FOR JUNE.
eyident from the preliminary
compilations
railroad gross earnings
for June, the closing month of the .half-year, are
going' to make a favorable showing.
Our state¬
ment comprises, as usual, merely the roads which
make
it
a
practice to furnish e&rly approxima^
tions of their gross revenues, comprising mainly
Western "grain-carrying and Southern cotton-carrying
roads. The roads contributing returns cover, roughly,
that:
we
present to-day that
increase
three
no
of
On that mileage there is an
$5,074,935,
important
longer
so
the they formerly
by the Senate
Memphis,
Houston, Savannah and other cotton exchanges,
passage
the
against this amendment,
been endorsed
RAILROAD
•It
90,000 miles of line.
follow.
*
As
.
consumers
and turning the balance of trade in
the course of handling and marketing;
a
,
mounts into
great staple crop from year to year,
created
been
cotton
or
7.44%.
This includes
Canadian systems, but these are
conspicuous for amounts of gain as
were.
.
The three Canadian systems
of the increase, and
combined contribute $1,142,766
with this eliminated
there would still be $3,932,169
increase for the roads in
the United States.
88
THE
'• '-We
have
Western
stated
that
tables
our
19 32
CHRONICLE
include
chiefly
however,
full earnings in 1912.
recorded
Our early statement last year
roads
6.38%; but the
$2,328,237 of this,
contributed
leaving only $1,824,685 increase,
roads in the United States.
19086532
were
less
even
roads,
our
or
3.69%, for the
In June 1911 the results
favorable; including the Canadian
early statement then showed only
a
trifling
United States roads would have been
$987,680.
This
loss
in
falling-off of
a
followed
heavy gains in both 1910 and 1909.
very
however,
In 1910
1911,
early returns registered $8,356,824 increase,
15.14%, and in 1909 the gain was $4,737,537,
our
1^45%.
Of
20.89%.
19,254,202
6,644,492
parisons,
we
show the June
disclosed by our early compilations, for
back to 1897, the Canadian roads being
shipments overland for the
even
month were 38,317
1913, against 45,988 bales in 1912. • The
receipts at the Southern outports, however, were
131,676
bales, against 103,214 bales
in
1912
only 71,658 bales in 1911, as will be seen by the
and
following:
RECEIPTS
'
OF
COTTON AT SOUTHERN
PORTS IN JUNE AND FROM
JANUARY 1 TO JUNE 30 1913, 1912 AND 1911.
..."
-1913—
.
Ports—
S.;'r:+V::-++"?'-.
;.:
Mileage.
Gross Earnings.
increase (+)
or
Year
Yr .pre¬
In-
Year
Given.
Roads
Miles..
Miles.
115
125
90,703
97,221
1899
117
98,375
1900-...
107
1901....
97
95,337
97,010
81
85,554
71
95,013
86,085
81,192
92,655
93,854
78,614
77,478
87,924
88,198
89,764
1897
1898.
...
1904-...
69
58
67
1907-—:
66
51
50
53
1911-.-.
49
1912
49
1913-...
44
90,012
Year
Given.
ceding. cr'se.
Year.
Preceding.
Decrease (—).
%
%
90,139
0.62
96.213
92,266
1.05
6.60
93,004
94,048
83,996
93,013
83,568
79,345
90,469
92,803
77.214
76,232
85,487
86,262
88,193
87,715
2.51
3.15
1.85
2.15
3.01
2.32
2.41
1.13
1.81
1.63
2.85
2.25
1.79
2.62
Since Jan. 1—
1911.
32,356
bales.
1912.
27,030
12,191
3,873
Galveston
1913.
Texas City, &c_
New Orleans
34
941
5,166
27,190
7,191
2,709
24,194
18,932
1,560
1,457
1,298
36,290
Mobile....
4,599
Pensacola, &c______
Savannah
Brunswick..,
Charleston.
Geprgeto wn
Wilmington...
2,437
As far
459
4,451
11,454
3,274
36,558,554
42,217,558
46,170,085
50,104,955
51,573,897
50,238,273
61,930,417
54,682,684
54,139,005
72,708,902
82,467,706
46,515,462
50,036,163
63,572,503
64,144,486
68,820,679
73,194,701
36,251,840
+306,714 0.84
39,635,817
6.51
+ 2,581,741
40,480,015
+ 5,690,070 14.05
46,051,607
+4,053,348 8.80
7.50
47,975,122
+ 3,598,775
46,882,292
+ 3,355,981
7,16
54,315,982
+ 7,614,435 14,02
55,193,667
—510,983 0.92
50,961,464
+ 3,177,541 6.23
64,205,232
+ 8,503,670 13.24
72,923,683
+ 9,544,023 13.08
58,800,434 —12,284,972 20.89
45,298,626
+ 4,737,537 10.45
55,215,679
+ 8,356,824 15.14
63,787,090
+ 357,396
0.56
64,667,757
+ 4,152,922
6.38
68,119,766
+ 5,074,935
7.44
1911.
1,237,441
328,812
779,215
148,448
178,838
802,881
161,695
113,613
667,510
256,888
596,085
58,145
86,394
298,262
53,286
37,442
12
110
589
738
2,042
3,294
5,326
8,372
47,540
159,776
59,195
189,861
279,791
74,834
135,189
1,140
6,232
131,676 103,214
as
1912.
918,855
262,871
463,602
68,853
41,072
287,724
43,929
49,132
302
17,737
&c
1913.
34,155
+ ..;v
Norfolk
26,521
71,658 2,402,659 4,247;705 2,265,913
the separate roads are concerned there
are
gains for quite large amounts and the gains are
widely distributed. There are also some losses, but
some
these
are
being distinguished in that
neither
large
nor numerous,
only 8 out of 44
In only two
do the losses exceed $30,000 in
amount, namely the Denver & Rio Grande and the
of the
June.
380,800
bales in
roads
included in all the years.
713,000
of the Southern cotton movement the
case
Newport News,
as
each year
183,000
199,500
6,266,000
902,961
24,770,000
10,039,416
or
com¬
1,989,000
184,720
"
■
25,697,000
842,336
In the
year after the 1907
heavy loss—$12,284,972, or
In the following
•
1912—
in 1908, the
course
was a very
635,000
V-
:
.
Total—.
pahic, there
1932
or
277,800
1,912,000
Rye.
(bush.)
473,000
1,256,600
1,386,000
increase, namely $357,396, and this followed entirely
from the gains contributed
by the Canadian lines;
with these eliminated, the result for the
distinctively
1,572,000
1913-ii^^if412,000.15,093,000
exceptionally
increase of $4,152,922, or
an
Canadian
with
not
983,000
446,000
1,517,000
399,600
Total of All—
xcvii.
Barley,
(bush.)
577,000
336,780
1912
and Southern roads got
is
5,989,000
3,134,710
Omaha—
slight increase in the cotton traffic.
a
Comparison,
(bush.)
1912
expansion in the grain movement, it
having almost doubled as compared with the corres¬
the benefit of
Oats,
(bush.
Kansas City—
\1913
tremendous
year,
Corn,
(bush).
1913
The former had the advantage of a
ponding period last
Wheat,
(bbls.)
Minneapolis—
grain-carrying roads and Southern cotton-
carrying roads.
[Vol.
Flour.
•«
eight
way.
cases
International & Great Northern.
The table
insert shows all changes for amounts in
we now
excess
of
,
$30,000, whether increases
principal changes in gross
,
Great
7"'V
.
y •.».
nor
the mining operations o
/ •
«
74)
Missouri Pacific.
—_
Louisville & Nashville.—
Canadian Pacific
—
Missouri Kans & Texas.Minn St Paul & S S M_„
Wabash
•
-
Southern
<.
Colorado &
Southern——
Texas & Pacific
134,185
133,643
125,193
116,346
105,291
102,474
.
Chicago & Alton..
Buff Roch & Pittsb
—
.
\he increase in the Western
grain movement the
present year extended to all the different cereals.
Of Vheat the receipts for the four weeks
ending
15,093,000 bushels, against only
6,644,492 bti&els in the corresponding four weeks
of 1912; of corn the
receipts were 25,697,000 bushels,
against 19,254,202 bushels; of oats, 24,770,000
Jime 2$ 1913 were
bushels, against 10,039,416 bushels; of barley, 6,266,000 bushels, against 902,961 and of rye 713,000
bushqls, against 380,800. Altogether the receipts
Chicago Great Western..
Chesapeake & Ohio—
In
june.
Increases.
137,659
-
in
Mobile & Ohio
450,000
408,700
395,066
341,131
339,000
245,364
222,930
200,375
167,125
Canadian Northern——
Grand Trunk—
earnings
fift
Northern.....__..$1,103,041
Seaboard Air Line
\Note.—Neither the earnings of the Mexican roads
thq. anthracite coal roads are included in this table.
decreases.
or
Minneap & St Louis
Toledo St L & Western.
Yazoo & Miss Valley
_
Western Pacific.
Duluth So Sh & At!
Alabama Great Southern.
•
$89,589
71,490
61,228
52,839
43,716
40,796
38,186
Representing 24 roads in
our
compilation.—
$5,123,367
:y'-,y'iT '
•
J»"' '-'v
Decreases.
Denver & Rio Grande. ,
Internat Great Northern.
-
$62,400
40,950
-
Representing 2 roads in
our
compilations—...
$103,350
instances present increases follow1
large
increases in 1912.
This is particularly true in thecase of the
Great Northern Ry.
To complete our
some
analysis,
sons
furnish the following six-year compari¬
we
of the earnings of leading roads arranged in
groups.
.
EARNINGS OF
1913.
June.
'S
Ala Great Sou.
•
1912.
•
'
SOUTHERN GROUP.
■
1911.
$
$
1910.
$
■
"
'
.
1909.
:+
1908.
$
416,171
377,985
346,246
370^951
293,382
293,197
New Orl&N E
<7311,240
of the five cereals for the foul weeks this
year aggre¬
Cent of Geor__
<7124,866
<7106,992
<7966,320
3,013,752
841,588
123,346
102,274
889,826
2,911,278
2,694,548
819,897
4,328,964
942,140
1,723,429
4,888,598
746,363
762,841
4,114,497
916,327
1,714,664
4,520,126
730,541
283,159
140,462
119,601
V
801,575
2,515,560
798,921
4(233,808
922,624
235,856
107,468
gated 72,539,000 bush., against only 37,221,871 bush,
in 1912. ; The details of the
Western grain movement
311,240
124,866
106,992
966,320
263,211
Ala' & Vicksb.
211,866
109,172
106,444
811,801
1,923,424
597,111
3,425.651
722,807
1,163,379
3,840,946
619,958
in.our usual form
RECEIPTS
.
Four weeks
are
AT
set out in the
WESTERN
PRIMARY
following:
Corn,
Oats,
(bush.)
(bush.)
(bush.)
Barley,
(bush.)
15,872,000
12,579,650
15,927,000
5,804,700
2,250,000
395,800
116,000
69,000
131,000
86,130
408,000
492,290
828,000
1,196,160
1,451,000
1,066,400
1,051,000
262,600
88,000
88,000
235,000
188,085
1,142,000
475,579
2,234,000
2,270,970
1,693,000
1,288,600
42,000
131,000
189,000
323,000
281,500
301,000
75,000
76,000
85,879
302,000
118,740
341,000
199,510
56,000
2,911
1912——
98,000
289,913
477,000
140,854
482,000
177,686
158,000
147,400
77,000
97,388
1,448,000
1,065,012
950,000
645,300
42,525
2,176,000
988,233
152,000
1,534,000
St. Louis— '•
1913
1912..
Toledo—
1913......
1912..
Detroit—
1913
Cleveland—
1912
1912
Duluth—
■
Colo & South.
Int & Grt Nor.
9,000
2,000
996
400
243,000
22,000
15,600
7,936
68,420
'
56,000.
682,000
2,845
•"
289,000
2,900
OF
SOUTHWESTERN
Missouri Pac—
St Louis So W.
Total
a
...
1912.
1911.
1910.
1909.
$
$
$
$
1,075,769
1,850,600
692,000
2,343,287
4,771,000
929,000
1,232,092
938,110
1,913,000
732,950
2,097,923
4,321,000
.949,000
1,097,907
1
1,060,359
1,897,633
651,976
2,186,168
4.124.7S0
847,052
l,072,7ir
1,353,238
2,002,786
643,427
1,966,151
4,224;012
866,915
1,160,282
1,139,266
1,880,767
566,682
1,890,871
3,756,532
785,510
996,655
12,893,748 12,049,890 11,840,679 12,216,811 li, 016,283
Includes Texas Central in
XTAV
1913, 1912,
GROUP.
$
Denv & Rio Gr
"
726,336
,
769,941
1,374,922
4,052,586
663,410
1913.
June.
1,000
1,000
1,594,673
4,525,554
673,669
3,527,707
'
b Includes the Louisville & Atlantic and the Frankfort & Cincinnati
in
EARNINGS
"n
—
799,202
■
1911, 1910 and 1909.
c Includes Chesapeake & Ohio of
Indiana, beginning July 1 1910.
d Month in 1913 not yet reported; taken same as last year.
Texas & Pacific
1913...—
4,670,095
1,031,729
1,857,072
5,055,723
103,082
749,605
2,417,593
19,184,750 18,248,142 17,178,447 17,093,124 14,969,221
13,825,756
Mo Kan & T.a
Peoria—
1913—
Total
12,000
4,400
37,000
17,105
1813—..
Louis &Nash.&
Yazoo & MissV
Rye.
(bush.)
2,093,000
491,900
Milwaukee-
1912
i
795,000
358,180
-
Cin N O & T P
Southern Ry—
Wheat,
1913.
Ches & Ohlo.c.
Seaboard A L.
MARKETS.
Flour.
1912
Vicks Shr & P
Mobile & Ohio
end.J'ne 28.(bbls.
Chicago—
Ala N O & T P
1Q19
1908.
$
1,075,243
1,635,151
555,485
1,730,114
3,309,130
•
738,163
/ 841,433
9,884,719
1913, 1912, 1911 and 1910, and Wichita Falls, Lines
July 12
1913.
v
1912.
$
June.
$
Chic & Alton..
1,144,804
1,082,139
1,269,997
1,187,430
345,412
6,933,576
Chic Gr West.*
Dul So Sb &Atl
Great North..
Minn & St L__
304,616
5,830,534
701,842
6,550,153
932,864
881,893
302,980
269,483
4,753,751
352,093
243,816
6,039,486
1430,525
5,555,835
957,123
593,212
200,347
288,267
221,595
J 773,332
Total.
21,696,746 19,911,935 18,296,666 17,949,099 13.984,053 11,473,545
*
Includes Mason City & Fort Dodge
To
June 18,
on
Lovett, his statement charged that "he and his asso¬
Mr.
approached by emissaries
ciates have been
claiming
to be
Congress and public officials
connection with the suit involving the dissolution and
great influence
able to exert
3,657,166
Iowa Central
1266,435
;
calling for the issuance of a subpoena for the appearance of
$
$
8,807,817
1,098,816
1,003,040
9,479,650
1,287,023
1,037,937
295,698
5,537,324
659,034
resolution agreed to by the Senate
quote from a
1908.
1909.
S
$
•
Canadian Pac. 11,187,000 10,848,000
*
1910.
1911.
of the Executive Committee of the Union Pacific RR.
GROUP
NORTHWESTERN AND NORTH PACIFIC
OF
EARNINGS
89
CHRONICLE
THE
1913.]
in
over
proposed reorganization of the Union Pacific and Southern
Pacific RR. companies."
In response to
and the Wisconsin Minnesota & Pacific.
the subpoena Judge Lovett appeared before
and in his testimony on that date
the Committee on June 25
WESTERN GROUP.
EARNINGS OF MIDDLE AND MIDDLE
.
1913.
1912.
$
June.
$
Buff Roch & P.
Grand
*
$
$
S
838,817
722.423
522,151
762,152
526,493
978,236
535,987
1,094,582
551,439
Chic Ind & Lou
.
472,239
524,334
428.959
Trunk.
5,048,541
4,653,475
4,437,438
3,965,062
3,506,056
3,420,857
5,276,389
Grd Trk West
5,263,769
4,901,492 64,646,852
96,149
111,224
4,518,688
4,360,933
85,189
294,195
2.301,436
2,147,467
Canada Atlan
107,055
Tol Peo & Wes
130,175
Tol St L & W.
355,195
293,967
2,601,752
2,401,377
Wabash
...
317,765
2,502,647
r
106,998
..
306,306
2,457,343
281,075
15,058,073 14,233,866 13,559,211 12,832,680 11,900,226 11,270,623
Total
receipts for hire of equipment, rentals and other items.
the Indianapolis Southern beginning with July 1910.
We
our
detailed statement for the month
comprising all the roads from which it has
of June,
been
add
now
possible to
the present
procure
returns for that period up to
relieved of
1912.
1913.
1912.
416.171
184.182
377,985
175,714
+38,186
+8,468
309
Ann Arbor
7,916
7.140
+776
27
Bellefonte
Central
Canadian Northern
291
291
...
27
573
573
+408,700
_
4,297
3,981
+339,000 11,565 10,986
2,289
2,324
+ 102,474
1,026
1,026
+ 125,193
1,496
1,496
+ 105,291
616
616
+ 15,452
337
337
+21,691
1,814
1,856
+ 137,659
2,549
2,544
—62,400
937
937
+43,716
411
358
—3,060
626
624
+40,796
395
395
+6,054
...
Grand Trunk of Canada
information:
4,533
4,548
+395,066
4,653,475
Det Gr Bav & Milw.i.
Great Northern
Illinois Central..
Internat'l & Gt Northern
Louisville & Nashville...
Mineral Range..
6,933,575
5,276,389
692,000
4,670.095
67,252
773,332
Minneapolis & St Louis. 1
Iowa Central........./
Minneap St Paul & S S M
Missouri Kans & Texas.a
Missouri Pacific.
■
Mobile & Ohio.
N evada-CabOregon
2.342,655
2,343,287
4.771,000
1,031,729
35,041
1/183,509
.53,699
929,000
1,857,072
5,055,723
Norfolk Southern
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
Tenn Ala & Georgia
'
Toledo Peoria & Western.
Toledo St Louis & West..
Wabash
Yazoo & Mississippi Vail.
1,160
4,728
4,328,964
67,801
701,842
+341,131
—549
126
127
+71,490
1,585
1,585
2,119,725
2,097,923
+222,930
+ 245,364
+450,000
+89,589
3.976
3,817
7,283
1,122
the "radical element in
4,321,000
942,140
47,196
1/192,381
42,594
949,000
1,723,429
4,888,598
take up
'11,857
Southern Pacific Co. and
in to
,746,363
94
1,884
247
247
+61,228
+200,375
451
451
+52,839
.
2,514
1,374
.
counsel
1/657,300
2,833,464
this
in
the Union Pacific and that he
—37,903
+ 148,700
1/508,600
4,808,044 —1,947,580
1,031
395
6,138
1,048
encountered at Washington.
he was no longer connected with
last
we
have heard from the gentleman
purporting to be Mr. Riordan.
me
Representatives, to
this proposed dissolution, or
oppose
is
probably would
involve a reopening of the money trust inquiry, I think,
some other matter that had been more or less discussed.
disposition of the stock of the Southern Pacific which
the
held
now
also
and
*
*
by the Union Pacific, and that it
He said that the radical party, as
the radical
faction,
and that
they
control.
mentioned
was
were
going to make a point about common
8
I should like to state in that
called it.
that I have known Congressman
Includes Texas Central in both years.
xNow includes Mexican International in both years.
a
V
years
These figures are for three weeks only in both years.
and I
never
Henry.".
Henry for a great many
there was
and Congressman
■■
'
.
;•
Before the recital of his testimony from
THE
SO-CALLED LOBBY INQUIRY.
are
resolution of the
Senate into President Wilson's charges of the existence of an
"insidious " lobby at Washington to influence legislation
The
has
inquiry which
broadened
was
ordered under
such
to
an
extent
a
within
within which the Committee is to submit
a
report.
time
The
on May 29^
subsequently the
Committee was given until June 28 to make its report.
With the new features which have been brought within
resolution
called for
the
scope
authorizing
a
inquiry, adopted
of the Committee's investigation, its Chairman,
Senator Overman,
an
the
report within ten days, but
asked for and
indefinite extension of time.
widening of the inquiry
statement
was
June 26,
One of the factors in the
was
granted,
on
the issuance on June 17 of a
by Robert S. Lovett, President and Chairman
:
: "■.■
which the above
referred to a newspaper report to
of the pending plans was to get
Pennsylvania, Union Pacific, the
extracts, Judge Lovett
the effect that the purpose
common
control
of
the
Southern Pacific and Baltimore &
I
the past few
the Senate has extended indefinitely the
weeks that
faction,
believed for a moment that
connection between this gentleman
any
Texas
as he
connection,.however,
the leader of the radical
,
of
Henry
Congressmen
*
*
as
he called them,
about to commence these efforts,
were
361
5,9
that "Mr Kahn
that Mr. Lauterbach had said in substance
motion was about to be made, I think in the House
reported to
a
imagination, and that is the
the further statement
Lovett made
Mr
He told Mr.
should communicate with me.
Evarts that he would not do that, that I had no
banking
Mexican Roads (Not in eluded in t otal)—
Interoceanic of Mexico..
83i,457
793,554
Railway
day and said that he had been
Mr. Evarts said that he told him that
or
(7.44%)—.
National Rys of Mexico.*
called on the telephone
employ Mr. Lauterbach
litigation; that unless Mr. Lauterbach was employed,
see me one
there would be many difficulties
2,514
1,374
73,194,701 68,119,766 + 5,074,935 90,012 87,715
Total (44 roads)
relinquished all connection with the Union Pacific,
by Congressman Riordan and had been urged to
94
1,884
continued with the
of the two companies in January last,
management
1,608
3,081
+ 23,120
reported the facts to me.
Subsequently Maxwell Evarts, who was formerly general counsel for both
Pacific, but who,on the separation of the
of
+134,185
Kahn
that of course we could not
interview stopped there at that
the Union Pacific and Southern
that
'
matter; that he believed that it could be
service he would be glad to act.
matter of that kind, and the
a
Mr.
time.
608
180
7,036
public interest.
Lauterbach represented to him that he was in a
Kahn told him, so he reported to me,
Mr.
237
1,614
3,070
7,089
Mr.
position to be of service in the
237
180
also
stopped and that if he could be of any
—20,000
1,097,907
107,055
293,967
2,401,377
relations and to make
to the Chicago & Alton financing that
and about which there was more or less
as
ago,
years
previous years, and some other matters of
608
+133,643
+ 167,125
—1,732
Congress," to obstruct the proposed
that
—8,872
+ 11,105
..
Edward Lauterbach, and
Washington by what he
He said
—12,155
•
1,232,092
130,175
355,195
2,601,752
799,202
7,233,
a,114'
I believe,
number of
a
■
partner of the firm of Kuhn.Loeb
discussion in
3,763
3,399
10,125
Texas & Pacific
—40,950
732,950
7,345
4,763
7,764
4,763
1,160
4,919
5,830,534 + 1,103.041
+ 12,620
5,263,769
a
that a movement was on foot in
special inquiry,
as
P7Canada Atlantic
At the
-
that. Otto H. Kahn,
told me that he had been approached by
ccurred
came
5,048,541
Grand Trunk Western
Mexican
a
'
,
.
Net increase
think, in closing the interview."
hearing Judge Lovett also imparted to the Committee
had been told
309
+ 116,346
978,236
1,094,582
2,178,200
1,769,500
11,187,000 10,848,000
Canadian Pacific
3,013,752 2.911,278
Chesapeake & Ohio
1,144,804
1,269,997
Chicago & Alton.
1,187,430 1,082,139
Chicago Great Western
535,987
551,439
Chicago Ind & Louisville.
819,897
841,588
Cine New Orl & Tex Pac.
938,110
1.075,769
Colorado & Southern
1,913,000
Denver & Rio Grande.
1,850,600
469,284
513.000
Western Pacific
100,962
97,902
Detroit & Mackinac
345,412 V 304,616
Duluth South Shore & Atl
181,267
187,321
Georgia Southern & Fla.
Buffalo Roch & Pittsb
member of the New York
dissolution of the Union Pacific and Southern Pacific
■
•
•
a
Bar, and I terminated the conversation rather shortly, told
him that we had all the counsel that we needed and was
also termed
$
$
Alabama Great Southern.
element
He mentioned the
great deal of the difficulty.
of Edward Lauterbach,
name
& Co.,
Inc. (4-) or
Dec. (—).
1913.
an
of his connections and influences we could be
a
Some time after
of Road.
Judge Lovett
would employ a lawyer he mentioned, he thought
we
account
the following
Name
good deal of
undoubtedly would put difficulties in our way, and
that
Mileage.
Gross Earnings.
a
termed
stated, had said "that there was what he
MILEAGE IN JUNE.
EARNINGS AND
that
encountered in carrying
his informant,
railroads;
Pacific
Southern
same
GROSS
message
plans for conforming to the decisions of the Supreme
the dissolution of the Union Pacific and
rather abrupt, I
time.
telephone
a
representing himself,, as Congressman
relative to
Court
on
Includes earnings of
December 2 last,
one
some
Riordan had informed him in substance
that if
6 No longer Includes
c
on
difficulty in Washington would be
out the
Det G H & M
Illinois Cent.c.
which
in
'
decided
was
case
'
9
'
received, shortly after the Union Pacific
he told of having
1908.
1909.
1910.
1911.
should not
referred to in that
followed at times by
there
was
some
any
publications, dispatches to the press,
ulterior motive in the plan we were
For instance, on the
"was
Ohio, saying:
attention to these approaches that were
statement in the press but for the fact that they were
have paid
indicating that
trying to work out.
the press, it
bureaus, and I think in some
16th, the day I gave that statement to
published in some of the New York news
of the New York newspapers, that our object was to secure a common
banking control for the Union
Pacific systems
Pacific, the Pennsylvania and the Southern
and the Baltimore & Ohio.
I know that investigations were
or
sometimes ordered by houses of Congress
legislative assemblies on what appeared to be newspaper
and I
publications
thought that it was due, at least it so appeared at that time, to
state what had
transpired and to deny these statements.
should not have paid any
secure the
But for that I
attention to the efforts that had been made to
employment of particular counsel in connection with this
We£could_have_protected_ourselves in^thatjrespect^of course, jo.
m" iter.
90
CHRONICLE
THE
Judge Lovett declared that he himself believed, and Mr.
Eahn
was
as
a
,
Trust
stated
caller
statements of Martin
used
as
into
was
proceedings before the Committee on the 26th
when Representative Palmer
told£of having been informed
by Mr. Ledyard that the latter had been called up on the
telephone by a man purporting to be Representative Palmer,
mittee
scheme
were
It
was
submitted, and I told him that if
Lamar,
to try and control the activities of
Lamar;. Mr. Lamar is
David
with
the
Morgan
as
house
a
result
faded
my
courteous, but the old feeling did not exist."
of
the
Morgan interests.
The
most
startling of
brought
any
out
by
on
the
"didn't
even
to
him."
him to
Trust
the
resolution
until
"Stanley
never
For the purpose of
endeavoring to render
my
it
ostensible
that in the
summer
as
form;
was
the 2nd, Lamar
charged
of 1901
"somebody forged the books of
the Union Pacific RR.
Company to the tune of $82,000,000.
This brought forth the
following rejoinder from Paul D.
Crayath, counsel for the Union Pacific RR., the statement
being submitted
to
the
Committee after Mr.
days persons connected with the Union
an
effort
was
Pacific
RR.
being made to circulate and
publication in the newspaper of a bear
attack on Union Pacific in the
form
of a prepared story about
an alleged falsification
of the accounts of the
Union Pacific RR. Co.
We
were
involving $70,000,000
be made public in such
publish it.
story
was
$80,000,000 of its surplus.
It
was so
improper
papers would not publish it.
soon
or
informed in substance that this
story
so plainly offered for
an
scandalous, and
now
to be this
Information then
a
way
palpably false and
that the story would
that the newspapers would have
to
appears that the medium for the
publication 6f this
man
David Lamar.
.
'
Martin is
reason
was
a
With reference
organized twelve
limited
membership,!
list of the members, the
a
being that these might incur the
The. inferences conveyed
as
follows:
at
anger
last week's
by Mr. Morgan's
■
saw
Mr. Lamar, yes, as he saw a lot of other
Vermin hi
the course
I have
a
lot of
Mr. Lamar's letters in which he begged for interviews, and Mr. Morgan,
of those letters.
never
answered
at his
library or anywhere else latterly.
one
Mr. Lamar
,
as
not his real name.
was
Wall Street",
present
who
on the witness stand to having
David H. Lewis, but this, he stated,
The pseudonym of "The Wolf of
which has been applied
to Lamar during the
proceedings,|belongs, he claims, tq Alfred Lamar,
some
and who,
Mr.
Mr. Morgan never saw Mr. Lamar
acknowledged
formerly been known
years ago was
active
on
the Consolidated Exchange
in 1904, went into bankruptcy.
Lauterbach underwent another examination by the
Investigating Committee
on
the 7th inst.
The Committee
obliged him to, state that he appeared voluntarily,
he would not enjoy immunity from prosecution.
so
that
In
his
testimony this week, in referring to the Steel Trust resolu¬
tion, Mr.
Lauterbach made the following declaration:
Lamar showed me the resolution and said he intended to have it intro¬
I
a
I begged him not to introduce it.
I took it at
once
to
Morgan
asked that he instruct me to ask Lamar not to have it introduced.
thought if Mr.' Morgan would ask Lamar to stop it it would create
good feeling between the two men.
Mr.
Lamar also appeared on the
(on the 8th) and in offering
said:
;
an
stand again this week
explanation for his actions
•'■■-.-h:■
I had two motives in my mind, either to make these
men
recognize the
folly of their course against Mr.
Lauterbach and me or to make them,contra, come out in the open with their insidious.charges of blackmail
and wrong-doing which have pursued us^for years.It^was anloperation
of the major type in Wall Street traveling on parallel lines.
per
Another
purpose, that the news¬
came
wepe".
Mr. Lauterbach was a "close",or "dear" personal friend of Mr. Morgan.
He
Co.
secure
times."
Cummins,
You may quote me as saying it's an infernal lie; that neither Mr. Lamar
and
several
many
vicious, and I opposed it,
Apparently, it had only
the 3rd inst.
on
son
duced.
In view of the statement
regarding the accounts of the Union Pacific RR.
Co. which David Lamar has
gone out of his way to make before this
Com¬
mittee, and inasmuch as persons not familiar with
David Lamar's character
who may read this statement in
the newspapers may be misled
thereby, I
deem it my duty to make the
following statement for the records of the
committee:
■
For
valuable
hearing of the intimacy-of Mr. Lauterbach and Mr. Lamar
Lamar had
left the witness stand:
have been informed that
was
with the late J. P. Morgan were denounced
friend, Mr.
said was that it was
desired
advice, to utilize his suggestions; that he was
prepared to
render the service of
advising a$ a friend; no money; no
employment^ a
lawyer; purely as a friend.
on
the subject
on
this point drew from Senator
itself, Martin said it
"trusts."
utilize his
While before the Committee
he claimed,
bill, and added
of business, buti it was always at Mr. Lamar's solicitation.
by Mr.
All that
the
of
admitting the
was
quite the contrary of all that.
to
on
though he declined to furnish
nor
desired he should be retained and
paid to act
lawyer, or that any money was to be used in
any way, manner or
a
as
largely in political campaigns."
years ago.
handed
Lauterbach,
the service of
restoring his former friendly condition and
relationships with
the firm of
Kuhn, Loeb & Co. and Mr. Schiff and with
the Union Pacific
•interests, I did have a number of conversations
with men connected with
the Union Pacific
interests, over the telephone, and in those
conversations
I used the names of other
persons.
*
*
*
There is no statement on
my part, in any of those
conversation^, that I
used the names of those other
persons, that a fee was desired
Lauterbach; that
directors,
to the "vicious" sections of this
the League
to
heard of the proposition to inves¬
In
Lamar
the "Taft-Wickersham" railroad bill,
made railroad
He declared that Lamar contributed
as
assertions
ested itself
.The resolution, Lamar
said, had been given by
tigate the Steel Corporation until then."
impersonations referred to, Lamar said:
that
also said to have stated that the Anti-Trust League "inter¬
that he had
was
have
the exclamation that "the bill
Henry B. Martin, Secretary of the American AntiLeague, who brought about its introduction.
He
stated that
!
it
asserted
but I'm surprised to find who my allies
calling for the investigation of the
so-called "Steel Trust" and that
Representative Stanley
of
against
would
that "we conferred together
resolution
know
waged
His
examination.
interests, but declared
credit for framing several
also
behalf of the Anti-Trust League in the oppo¬
on
graces
Congressman
telephone conversa¬
tions with Union Pacific
active
Trust Law.
Lamar not only admitted
using the names of
Riordan and Representative Palmer in
drafted
Martin
information
July 2,was the
the
assumed
was
testimony of Lamar, who
^was called to appear before the Committee
Trust'',
immune from criminal prosecution under the Sherman Anti-
bach also stated that he had
sought Mr. Ledyard's assist¬
in an effort to re-establish himself in
the
good
to have
sition
Mr. Lauter¬
ance
armor-
regarding violations of the law by the "Rail¬
which
affiliations
warm
Mr. Morgan
away.
and general he claimed to have presented
vague
reported
was
looked upon with much'disfavor in
and
Secretary of the Navy evidences of frauds in
also
was importuned to
drop connections with
him; but I owed him gratitude; and I continued
my pro¬
relations,
were
important labor bills.
Wall Street and I
fessional
measure.
While many of his state¬
"active" ,in preparing resolutions for
the "Money Trust" and "Steel Trust" investigations.- He is
Morgan interests Mr.
me
reso¬
upon
besides having been
Lamar's name, and in
alluding to the latter Mr. Lauterbach
"In my connection with the
Morgan asked
the 3rd inst.
and
changed by the Com¬
the preparation for an investigation of the ' *Armor
Wall Street operator, was made to
figure in the inquiry.
Mr. Lauterbach was
responsible for the introduction of Mr.
a
said:
on
passed
was
was so
of over $100,000; he laid claim also to
having drawn many
bills for presentation to Congress, and to having
helped in
use."
David
finally
investigated
road Trust", the "Coal Trust", the"Steel Trust", the "Harves¬
ter Trust" and the "Elevator
Trust'',entailing an expenditure
services
my
that
measure
was
Rules that it really was a Committee
ment officials
thing when the second
invoked, I thought I could be of some
was at^this
hearing that the name of
on
The
Corporation
plate contracts; to have given information to other Govern¬
I told him
submitting to the
was
";,•>..
providing for investigation of the United
to the
Supreme Court, "I told
same
Repre¬
.
ments
project of the
proposition he
introduced.
as
Martin testified
services to Mr. Kahn in the Union Pacific
cases, Mr. Lauter¬
bach told the Committee* that when theTirst
I told him the
based.
were
prepared the
lutions
which the Steel
statedj that, because'of his connection with
prominent in public life, he could be^of service to Mr.
Ledyard's interests.
In admitting that he had offered his
Supreme Court.
which they
nor
more
States Steel Corporation.
One went to the Judiciary Committee and the
two others to the Rules Committee.
I prepared every one of those reso¬
lutions myself, but, of course, obtained data from
many sources.
Henry
B. Martin furnished me much of this data, but I alone
and who-had
Mr. Kahn that I knew it would not work out.
he was wrong in the
on
I introduced three resolutions
men
made to the
Representative Stanley
sentative Stanley is credited with stating that:
the
was
Lamar,
anything to do with the resolutions
ttian furnishing data
JudgeJLovett, Mr.JEvarts, Representative Riordan
Ledyard.
Mr. Ledyard's name was brought
dissolution scheme
and
delayed
was
Notwithstanding these
emphatic in saying neither Mr. Martin
any one else had
a
Lewis Cass
or
the 3rd
on
its form
to
as
time before its introduction.
some
June 26,
on
that he knew nothing of his name
being
on
that Lamar had drafted the Steel Trust resolution and
that
final agreement between them
journeyed immediately to Washington, and,
voluntaryltwitnessjbefore the Committee
xcvii/
Henry B. Martin, the Secretary of the American AntiLeague, was a witness on the 3d inst. and admitted
,
positive*of the opinion, tiia/t^this newspaper
publication was inspired by the same parties who were seeking
to force
relations^with them.
Following the presentation of Judge Lovett's testimony,
very
Mr. Lauterbach
[Vol.
is
featuregwhich has tended
the charge
that
the
a
to prolong the inquiry
of "Col." Martin M. Mulhall of Baltimore
lobby staff had been maintained
National
at
Washington by
Association^of^Manufacturers. % InVhislalle-
JTLY 12
THE
1913.]
gations printed in the New York
"Tribune" on June 29, Mulhall
"World" and the Chicago
charged that the Associa¬
tion has for more than ten years secretly played an import¬
ant and generally decisive part in promoting tariff, labor
and general business legislation favorable to its own inter¬
ests".
Mulhall, who was formerly in the employ of the
Association, names himself as chief of the N. A. M. lobby
NEWS.
LEGISLATIVE AND FINANCIAL
BANKING,
stocks at the Stock Exchange this week
reach a total of only 16 shares and were all of National Bank
of Commerce stock at prices ranging from 178^ to 171
of bank
Sales
No
the Associa¬
tion are also included in his charges, together with a number
of present and former Congressmen and Senators, and other
men
prominent in Governmental affairs.
Nearly all of
those implicated have taken occasion to denounce the
charges; James A. Emery, General Counsel for the Asso¬
ciation, one of those against whom Col. Mulhall has directed
his charges, enters a denial of them in a statement issued
bank
trust company
or
16
♦
-
Stock Exchange memberships were re¬
New York
Two
stocks were sold at auction.
Last previous sale.
June 1913— 181
Low High Close
171^ 178H 171J4
BANKS—New York
Commerce, Nat Bank of
Shares
formerly connected with
forces; others now or
91
CHRONICLE
ported posted for transfer this week,
each case being given as $38,000.
'
"
the consideration in,
■
—♦
I;-";-'""
Banking and Currency Committee
of the House of Representatives on Wednesday it was de¬
cided under a resolution passed by a vote of 11 to 5 to have
the meetings of the full committee open to the public, al¬
On June 29, in which he said:
though it is provided that the sessions may be closed by a
>
'
:
I
'
'.*• •'
'•
V* '
' '
four-fifths vote of the committee.
The deliberations of
The statement of the alleged Col. Mulhall in the "World" illustrates the
the Democratic members on the currency bill, however, are
most dangerous and malicious form of falsehood—that which fabricates a
tissue of lies on a slight foundation of truth.
to be secret,-the majority having refused to permit the Re¬
It is true that the National Association of Manufacturers for a number of
publicans to assist in perfecting the details of the proposed
years, in co-operation with many business organizations, has opposed
measure.
•
•
'
legislation proposed and persistently demanded by organized labor for the
On Wednesday Secretary of the Treasury McAdoo let
purpose of relieving labor combinations of civil and criminal liability for
their acts in furtherance of trade disputes, to validate the boycott and to
it be known that an amendment to the currency bill has been
cripple the power of the Federal and State courts, to give equitable proagreed upon whereby the circulation privilege for the United
ection to personal and property rights of employer and employee threatened
with injury or destruction in the course of such disputes.
States Government 2 % bonds would .be retained during the
The opposition of this association to such measures has not been secret,,
entire period of twenty years over which it is proposed to
but it has sought in every way to give publicity to these proposals, to the
retire the existing $700,000,000 issue of national bank notes
nature of the forces behind them, and to the character and support which
they were receiving from public men, in the hope that, public attention
secured by the bonds.
The change which has been decided
being attracted to them, public opinion would justly condemn them.
upon is manifestly made because of the marked decline in the
To this end such legislative proposals have been analyzed, information
respecting them distributed through bulletins and arguments against them
price of these bonds since the features of the Administra¬
made before committees of Congress, from the public platform and in the
tion bill were made public. This drop in the price of the bonds,
public press.
*
*
*
.'*■
'
it has been claimed, has been due,to the provisions limiting
Mulhall was employed, in some instances in campaigns where such issues
existed to enlist the legitimate support of business men in an effort to defend
the bond-secured circulation of the banks to the amount out¬
their
elementary rights and prevent the defeat of public men for the
standing when the bill should become law, thereby depriving ,
plain performance of duty.
the bonds of the circulation privilege and decreasing their
It is difficult, within the limits of necessary brevity, to even refer to the
investment value. In his statement Secretary McAdoo' said:
many remarkable fabrications constituting this tissue of vicious falsehood.
I therefore confine myself to those matters in which I have personal knowl¬
A question has been raised as to the status of the 2% bonds in the event
edge since my connection as the Association's counsel in 1908.
Many of of the passage of the proposed currency bill. The bill as originally drawn
the public men specifically mentioned as having been especially "influ¬
provided for the compulsory refunding of 10% of the outstanding 2s an¬
enced" by officers or agents of this Association I do not even know by sight,
nually.
Had this provision stood, it would have been necessary to limit
notably Congressman Jarhes T. McDermott of Chicago and Ralph Cole,
the circulation privilege of the banks to the amount of circulation they had
who is alleged to have called at my office.
outstanding against Government bonds at the time of the passage of the
At
a
meeting of the full
.
•
.
.
.
>
own
*
public men named in Mulhall's charges
directly or indirectly, while In
public life, Is a sinister and diabolical lie.
The statement that
any room in the Capitol was ever placed by any one at the disposal of any
of its officers or agents or that any page or other person in the service of
Congress was in its employ, "directly or indirectly, is no less maliciously
unjust to the individuals named,than to the National Association or its
The statement
were ever
or
that any of the
in the employ
of the Association,
out of
officers.
' ■?,
%
•.
;
assent to the
reputation for entertainment so
am
door.
*
*
*
by an existing committee/which this Association
would warmly welcome, will bare the motives of this slander and the
character of this venal assassin of public men."
It might also expose the
character of the labor lobby which makes our efforts necessary. >
,
-A
prompt investigation
Since the forced severance
with the National Asso¬
Mulhall has undertaken by re¬
of his relationship
ciation of Manufacturers over a
year ago.
this Is probably
by a grossly
peated pleadings and threats to procure re-employment, and
the final effort of this individual to wreak a well-paid revenge
false attack upon
those who found him
unworthy of trusty
in the measure.
'
determined to make the refunding of the 2s per¬
of compulsory and to change the amount to be refunded from
provision was incorporated
Subsequently it was
missive instead
10% to 5%
annually.
This change made
the limitation on the power
vision was not
I have
of the banks to take out
but, through an oversight, this pro¬
eliminated from the draft of the bill which is now under con¬
circulation against the
sideration.
gratuitously
given, despite the statement, no doubt falsely, attributed to Congressman
Fairchild concerning "political meetings and dinners held in Emery's home".
I
compelled to admit that no Congressman has ever been within my
Nor can I even
bill, and such a
,
2s unnecessary,
t':
_■
,
.
discussed this matter with Senator
,
_
Owen and Congressman
Glass,
the Banking and Currency committees of the
Senate and House, and We are all in entire agreement th;at the bill should be
so amended as to not interfere with or impair the right of the banks to take
out circulation against the 2% bonds now owned or hereafter acquired by
them up to the full amount of their capital, as provided by existing law..
Nothing will be done to abridge or impair the rights of the holders of the
2% bonds, whether such holders are banks or individuals.
jThis Is simple
respectively Chairmen of
justice,.
The bills
2s shall not
The
provide that 3% bonds issued to
circulation privilege.
,
r
•
,
should, of course,
have the
Democratic
caucus
of the Senate and the
refund the
majority
completed their labors
Preliminary steps towards an investigation of the alleged on the tariff revision bill this week, and, following a meeting
of the majority and minority members yesterday, the bill was
activities of the Association by the House of Representatives,
Instead of the adop¬
independent of the Senate inquiry, were taken on the 2nd inst.- reported to the Senate in the afternoon.
Representative Sherley of Kentucky offered a resolution di¬ tion of a resolution binding the Senate Democrats absolutely
recting that an inquiry be made of the Mulhall statements so to support the bill in the Senate, the caucus succeeded in
far as they related to him, but Representative Henry of Texas
adopting on the 7th inst. a modified resolution in which the
urged that the resolution be referred to the Rules Committee biljl is declared to be a party measure and its undivided sup¬
so that a resolution of inquiry might be framed which would
port by the Democratic Senators is merely "urged."
The
resolution,as adopted is as follows:
•=
provide for an investigation of the widest scope into lobbying.
Resolved'; That the tariff bill agreed to by this conference, in its amended
The resolution was reported from the Committee on the
form/is declared to be a party measure, and we urge its undivided sup¬
5th inst., and on the 9th inst. was passed by the House of
port as a duty by Democratic Senators,without amendment; provided, how¬
ever, that the conference, of the Finance Committee may, after reference
Representatives. While prompted largely by the allega¬
otherwise, propose amendments to the bill.
tions regarding the legislative activities of the National Asso¬
Forty-five of the forty-nine Democrats voted in favor of
ciation of Manufacturers, all efforts to control members of
the resolution; only one vote was cast against it—that of
the House or to influence legislation by any person or or¬
Senator Newlands of Nevada; Senators Thornton and Ransganization will be subjected to investigation under the reso¬
dell of Louisiana and Senator Shafroth of Colorado did not
lution.
The committee of seven named to conduct the in¬
vote.
Senators Newlands and Shafroth, however, stated that,
quiry consists of Representative F."J. Garrett of Tennessee,
while it was their intention to support the bill, they would
Chairman; Representatives Cyrus Cline of Indiana, Joseph
not bind themselves by any caucus action.
Senators RansJ. Russell of Missouri, S. A. Roddenberry of Georgia, Demo¬
dell and Thornton declined to commit themselves because
crats; Frank B. Willis of Ohio and Wm. H. Stafford of Wis¬
of the free-sugar provision.
Only two Senators were absent
consin, Republicans, and J. I. Nolan of California, Pro¬
from the caucus—Senator Culberson of Texas, who is ill,
gressive.
and Senator Hitchcock of Nebraska, who withdrew from the
The Senate lobby committee on the 10th inst. decided to
caucus on the 2d after his amendment providing for aTgradextend its inquiry into all the disputes between labor and
uated excise tax oh tobacco production had been rejected.
capital during the past ten years, and into all legislative
With these two yotes, which the Democrats are counting on
members of the
or
matters
which have concernedjeither.
"
Finance Committee
93
THE
to support
it,
or a
the bill,
a
CHRONICLE
majority of One, and the Vice-President's
gave concessions
by adopting
for free
raw
on
under
1914.
Committee had voted
Dec.
1, respectively, but the
The lower
1914.
The
caucus
sugar
into effect
go
placed
duty
on
bananas has been
a
cent
r..,
a
pound.
'
W.
.
of
was
obliged to omit its
the firm
succes¬
•
.
•
.
'
.
V
V-
'
'
.
^
computing interest paid by banks
Government funds
on
' /
ment
as
to
deposits after the promulgation of such regu¬
fit to make would constitute an agree¬
interest in accordance with the regulations."
as yet been announced, other than
that
of April 30, which stated
that, "beginning June 1 1913, all
Government depositaries, both active and
inactive, will be
required to pay interest at the rate of 2% per annum on the
pay
No regulations have
average
monthly
balances
to
be
credited
January 1 and July 1 of each year."
Comptroller Downey states that:
semi-annually
"
;
"Under this requirement I should
say, until
prescribed, the interest should be computed
more specific regulations
according to the established
are
banking custom of computing interest on average
monthly balances, wh.ich
probably is to take the balances at the end of each month of the
semi-annual
period, add them together and divide the sum
by the number of months;
the quotient thus derived will
be, the average monthly balance
upon which
to compute the interest for the
semi-annual period."
company.
of conserving its holdings
purpose
National
brought
about
measure
of the First National
the
temporary
McKeesport, of which James S, Kuhn
was
for
Kuhn
and
both
also responsible for
Savings*
have
J,
S.
with
Kuhn
withdrawn
whose
a
run
during
the
National
solidated
and
Second
bank, with
According to
burgh.
one
as
a
on
from
The
failure
months
March
17
banks.
The liability under the Corporation Tax Law of
corpora¬
tions organized under the laws of the
United States but
transacting business in a foreign country is the subject of a
communication published in "Treasury Decisions" for
July 3.
It appears
that the Department had proposed to test the
question in
so
far
as
it concerned
corporation organized
under the New
Jersey Laws, but which is doing business in
Cuba.
a
With the decision of the
company to pay the dis¬
puted tax, however, the proceedings have been
discontinued.
The following is the communication
dealing with the matter,
as
printed in "Treasury Decisions":
Special Excise Tax
A
corporation
on
Corporations.
of
The
under the laws
of the State of New
but doing business in
Cuba, liable to tax.
Office
of
Commissioner of
SIr—Tllis office is in
receipt of
to the case of
Internal
the
second
deposits of
$30,-
over
largest bank in Pitts¬
statement emanating this week from
of the directors of the
institution, the management in¬
herited "a number of unfortunate problems from the First
and Second National banks and had
cheerfully assumed
obligations aggregating
a
huge total which they
were
in
'\
no
wise morally or legally responsible for".
Statements were also
forthcoming on Monday from
Secretary of the Treasury McAdoo, Acting Comptroller of
the Currency Kane and the Pittsburgh Clearing House
Secretary McAdoo had
regarding the bank's difficulties:
The
the
following to
say
'
,
.
Acting Comptroller of the Currency took possession of the First-
Second
National Bank of Pittsburgh to-day because its directors, at a
meeting held in Pittsburgh yesterday, expressed their inability to make good
impairment of its capital, and decided that the wise thing for all interests
an
was
for the
Acting Comptroller to take the situation in hand.
The Pitts¬
sideration for several days, had, in the meantime, also decided that it
con¬
was
inexpedient to furnish the amount of assistance required to keep the bank
going.
'
This bank, which
some
time been a
inevitable,
j
was
sore
.
•
handed down from the last Administration, has for
spot in the Ideal situation
,
and its liquidation became
,
,
The Kuhns of Pittsburgh were interested in the
also in the First National Bank of
McKeesport.
doors as a result of the former's failure.
Pittsburgh is sound, and
no
t
First-Second
Bank'and
The latter also closed its
The general banking condition in
further trouble with banks is expected.
The Acting Comptroller had no alternative in the circumstances but
to
take charge of the
First-Second National Bank in order to prevent the
withdrawal of large deposits, which had already begun, and to secure for
the small depositors equal treatment with the large ones.
Everything
will be done by the Acting Comptroller to further
prompt liquidation of the
bank's assets, so that the depositors may be paid with the
least^possible
I
The recent reports of the national banks to the Comptroller
Currency
show
a
The failure of the
.
Revenue,
tetter of the 23rd
instant, in reference
organized under the laws of the State
of New Jersey, but
doing business in Cuba.
Jersey,
Washington, D. 9., June 26 1913.
your
the
con-^
delay.
organized
Treasury Repartment,
of
after
burgh Clearing-House Association, which has had the matter under
,
S.
which
capital of $3,400,000, surplus and
a
took rank
(
few
a
National
undivided profits of $1,900,000 and
000,000,
both W.
but
week.
but
occurs
Presi¬
was
the Pittsburgh
management
its creation through the consolidation
First
on
identified,
were
the First-Second National
Association.
.
water-works
precautionary
a
Bank
was
you may see
the
Bank of
McAdoo by Treasurer Burke, and
lations
for
dent; it
Secretary of*the Treasury according to a decision
Comptroller of the Treasury Downey on June 30.
of Government
only for the
First-Second
closing &s
rests
Mr. McAdoo that he has the
right to make such regulations
as he
may deem proper, and adds that such matters as in¬
terest allowances are
usually determined by agreement
between the depositor and
depositary, "and the acceptance
receivers
as
suspension of
the
brought before Secretary of the Treasury
was finally passed- over
to Comptroller
Downey for decision. The latter, advises
*
Mon¬
on
and to protect its stockholders and creditors.
It is also
understood that the firm's deposits in the Firsts-Second Na¬
tional are practically double its loans.
The
rendered by
The matter
Co., for which
made
was
having
been made
The question as to the
regulations which should govern in
with the
the fiscal agents, application
was
Parties with inside knowledge
say the firm is solvent and
has valuable assets—the
application for a receiver
comments in
'■
and
highest, and the general belief is that they will
named
were
Jury at
■
V♦ '
water-works
day for the appointment of receivers for both concerns;
J. K. Duff, Treasurer of the
firm, was named to look after
its interests, while J. S.
Kuhn, W. S. Kuhn and J. H. Purdy
Judge Van Fleet would receive the report.
In its amended form the
report was accepted on the 9th inst.
v.•
in
and the American Water Works &
Guarantee
this respect before
A-.
firm
on their feet again.
For the purpose of con¬
serving the interests of the firm of J. S. & W. S. Kuhn, Inc.,
Attorney-General McReynolds for their attitude in the
referred to, but
of the
quickly get
Francisco, in its final report presented to U. S. District
Judge Van Fleet on the 8th inst., criticised President Wilson
cases
of the
was
San
and
extensive interests
irrigation projects, traction and electric-light properties.
Much sympathy is
expressed for the firm, whose standing
telegram to President Wilson
The Federal Grand
the
in
Investigation of the Department
the 2d inst.
by W. S.
Kuhn, commanded wide-spread attention in view
and J. S.
dismissed from the Federal
Francisco pending the appointment of Mr. McNab's
on
Revenue,
'
.
pay on
resigned
Commissioner.
The closing on Monday of the
recently consolidated FirstSecond National Bank of
Pittsburgh, controlled
the resignation of District
Attorney John L. McNab,. which
developed from the postponement of the trials of Maury I.
Diggs and Drew^Caminetti. Benjamin L.McKinley, who had
been delegated as acting U. S. District
Attorney at San,
sor,
a
Newark, N. J.
appealing for the removal from office of Attorney-General
McReynolds because of the circumstances connected with
•
OSBORN,
Collector of Internal
cents
service by U. S. Attorney-General
McReynolds on the 1st
Mr. Herrington had been suspended without
a
H.
L
\
•
inst.
of Justice after he had sent
whether
enjoying the
laws could evade the taxes which the law
imposes.
Respectfully,
'
Clayton Herrington, special agent of the Department of
June 25 by the Bureau of
ascertain
country and
attorney will be instructed accordingly.#
-v"
[fi
was
and to
this
*
♦
Justice at San Francisco,
of
be discontinued
upon the payment by them of the costs incurred is
approved
and the United States
was
-
bunch to one-tenth of
question
laws
years 1909, 1910 and 1911, with 50
per cent ad¬
ditional tax, 5 per cent
penalty and interest to date.
Your recommendation that the
action instituted against this
corporation
15% duty
reduced from five
the
covering the tax for the
the free list last week by the Democratic members
of the Finance Committee.
In the bill as it goes to the Sen¬
a
our
on
ate the
a
receded
March 1
which spool cotton had carried under the bill before it
in
This office is gratified to learn
from your letter that the
company has
from its position, and has
made payment to you of $
Oct. 1 and
on
to test this
organized under
protection granted by
voted for the further
caucus
tariff will
as
the 4th inst. restored the
on
This office
proposed
corporation
Earlier in the day the Finance
to recommend the dates
transacted
was
this country,
the
the tax assessed.
amendment making effective the provision
wool on Dec. 1 1913, and the rates on manufac¬
1
in
assets
no
its property being
jurisdiction of the Republic of Cuba, its stockholders
living
there, and its income being
spent and invested there, it was not liable for
the 7th inst.
on
an
tures of wool Jan.
delay.
caucus
within
the Senators from wool-growing States
to
business
foreign country and it had
the bill the
xcvii.
corporation excise tax, amounting to $
was made
against the company on the
April 1912 list, which it refused to pay, alleging
advice of counsel, that because its
vote would
add another to their forces.
Before final action
[Vol.
An assessment of
total of 49 out of 51 votes is claimed for
banking and
has
sound
and
strong
condition
Pittsburgh bank is simply
no
a
case
of the
country.
of unsound
other significance.
The announcement coming from the
The
Clearing House said:
closing of the First-Second National Bank by the Deputy
Comptroller
entirely unexpected by this Association, and it
therefore, prepared for the crisis.
Thejmembers of the Clearing-House
of the Currency was not
was,
throughout the
sporadic
-
July 12
all in good condition
are
and we believe that the banks
will
and
We
help in
every way
$2,000,000 be¬
the Comptroller of the Currency
4 and the report published in
discrepancy of nearly
a
tween the sworn statement to
condition
to its
June
on
The report to the
Comptroller showed assets and liabilities of $39,997,347 10
each, while as given to the Pittsburgh newspapers for publi¬
cation the totals were placed at $38,103,886 39, the difference
of
$1,893,460 71 representing re-discounts or borrowed
money.
With regard to this W. S. Kuhn has taken occasion
the local papers
to make
"The
a
under the same date.
statement in which lie says:
far the Comptroller
reason
closing the First-Second National Bank
different method of valuation for the
estimate as to their value. The
bank statement referred to in the Pittsburgh papers was not . a sworn
statement, but came from the general book-keeper without the approval of
the two Vice-Presidents who were then in charge of the affairs of the bank.
The only question involved with reference to the alleged discrepancy
between the bank's statement to the examiner and that which appeared in
the Pittsburgh papers was the method of figuring reserve."
AA'
^
securities, assets and reserve from our own
it
the 8th inst.
On
stated that the reports to the
was
that the losses of the Firstover
$5,000,000.
These
advices were accompanied by assurances that the depositors,
whose claims total about $30,000,000, will be paid in,full, or
Treasury Department indicated
reach
might
National
Second
ascertaining the
to
It is reported that the City of Pittsburgh
has over $500,000 on deposit in the bank.
The Board of
Education has $50,000 of the new building bond issue de¬
of opinion
concensus
United States Mortgage & Trust Co. of this
and outlook, the
city, John W. Platten, President, has secured reports upon
whole,
the
according
The
despite
certain
the separate detailed
or
|can be obtained and will be mailed by the
institution to ajny
interested inquirer on request.
appraisement of the value of the stock of the Pruden¬
Co. of America will be made by ex-United
Insurance
Smith Jr., John Franklin Fort, former
States Senator James
of New Jersey, and William M. Johnson, former
Postmaster-General. < The appraisers were named
Assistant
by Chancellor Walker at Trenton on
expressedl it
as
stock to a mutual company
a
On passing on the question Chancellor
constitutional.
said:',
Walker
the 9th inst. after he
his opinion that the Act under which the
lj>e changed from
is to
company
is
does busi¬
The synopsis of these reports grouped
territorial sections
to
report by cities
had
company
showing,
encouraging
an
unfavorable features.
tial
which the
These telegraphic reports received as of July 8 make,
ness.
on
cities
representatives in forty-two
from its
subject
this
Governor
because the Government had a
was
view
a
throughout the country regarding present crop conditions
located in twenty States in
precipitated the closing of
A matter which is said to have
the bank concerned
as
problem which
possible to assist in the solution of the
Committee and the banks.
the Clearing-House
confronts
With
and trust companies
prepared for any emergency. It
take several days to arrange for the transfer of accounts and the proper
careful handling of checks made on the First-Second National Bank.
therefore ask the indulgence of the public and request that they will
Pittsburgh as a whole are
in the city of
93
CHRONICLE
THE
1913.J
"
v;:y(
V.v
--'AA"
,
Ins.Co. of America has filed its petition praying
"The Prudential
for the
disinterested persons to appraise the value
provisions of an Act of the
Legislature entitled 4An Act to permit any stook life insurance corporation
of this State to acquire the capital stock thereof for the benefit of its
appointment of two or more
capital stock, in accordance with the
of its
policy-holders, and to convert such stock life insurance corporation into a
mutual life insurance corporation,' to the end that the company may be
mutual company.
stockholders objected that the Act under which
changed from a stock company into a
nearly in full.
of
"Certain
the
the
and the Court lacks power and juris¬
diction in the premises.
My examination of the matter has convinced me
to the contrary and I hold that the Act is constitutional and the Court is
petition was filed, is unconstitutional,
,
George
of the Board, is protected by security
posited with the institution, and this, according to
W. Gerwig, Secretary
to the amount
Murray
was
of $600,000. About two years ago
Comptroller
clothed
offered the presidency of the First National and
L. Telling, Chief of
the
in'the Comptroller's office assumed
With the recent consolidation Mr. Telling
understood to have retired
office on the 1st inst.
Charles C. Murray has
presidency.
made Vice-President; he is
was
from that
appointed receiver of the First-Second National.
been
The
resignation of W,. S. Kuhn as President of the Pitts¬
"was announced
the 8th inst.,
J. S. Kuhp withdrawing at the same time as a Vice-President.
W. J. Jones, who had been Secretary and Treasurer, has
burgh Bank for Savings
on
been made President and A. N. Voegtly has become
statement issued on the 8th
a
"The Kuhns
said:
a
result of the passage by the
a
imposing
law
anthracite
bank.
As it was, they
I have been connected
Bank for Savings for twenty-eight years, starting as a
messenger
bank for
,boy. j The other new officers also have been connected with the
long time—Mr. Voegtly has been with us thirty years and
coal
There is no question about our bank.
Plumer far thirty-five years.
will be here for a hundred years
Bank examiners W. B. Getty and F. B.
that our bank was as strong as
which began
Following
day.
representative
institution
as
on
Jackson said this morning
"
the Bank of England."
.
Pennsylvania Legislature
of
of the value of every ton of
prepared for market in that State, the
a tax
as
of 2J^%
price of coal, effective July 1. A similar increase in
the cost of coal to the consumer is also expected to be made,
in the
It is understood
by the other coal companies of the State.
that
action will be brought to test
an
of the
new
The bill
law.
was
the constitutionality
signed by Governor Tener on
It,was passed for the purpose
June 27.
of raising money
improving the roads of the State.
It is estim¬
ated that the revenue to be derived from the tax will amount
to be used im
and
Half of the tax is to go to the State
be divided among the anthracite-
$4,500,000.
the other half is
to
producing .counties according
collected.
I
I
•
•
.
to
the amount of the tax
-
.
Monday but had spent itself by Wednes¬
examination made by a Clearing-House
Tuesday, the Association announced the
an
on
saying:
in excellent condition,
"We have found in the hurried
investigation which
we
made that the bank
and the Clearing-House
Association stands ready to offer any assistance that this bank needs.
"We have not examined all the bank's securities, as we have not had the
quick assets of $8,000,000 or
time to go through
the bank is in
$10,000,000
all of them, but so far as we have proceeded we
excellent
condition
and
the Clearing House stands
Patrick
find that
ready to
Quinlan,
one
of the leaders
Workers' of the World, and an
weavers'
paid opt by the bank during the
Less than $200,000 was
run,
Act
a
We have been here for fifty-one years and
more.
and I will also
Lehigh Valley Coal Co. has announced an increase
to about
have entirely withdrawn from the
with the Pittsburgh
has
As
of
only the nominal heads of the Organization.
were
Mr.
President Jones
Vice-President.
L. M. Plumer continues as
in
Treasurer.
the appointment of appraisers,
"This view leads me to
appoint counsel,to represent the interests of the policy-holders.
The
itself authorizes the appointment of counsel for the policy-holders."
with his declination of the offer, Oscar
the Division of Reports
with jurisdiction.
strike
Klenert of
sentenced
was
on
the Court of Special
less than two
nor more
than
of the Industrial
agitator in.the Paterson silk
the 3rd inst.
by Judge
Sessions, Paterson, to not
seven years
in the State prison
Quinlan was found guilty on
May 14 of having incited the strikers to injure others in a
speech made by him on February 25.
The sentence was
pronounced ^unexpectedly; he had been at liberty on $3,000
bail, pending the conclusion of the other trials growing out
of the strike, and in the expectation that all those convicted
would be remanded for sentence at the same time preliminary
and to
a
pay
fine of $500.
steps toward Securing a stay of execution had been delayed
Bank by his lawyers. Quinlan was in court, awaiting the verdict
of Allegheny announced on the 8th that there was-no truth ; in the case o^ Elizabeth G. Flynn-Jones, when he was called
before Judge Klenert, for sentence.
in the report that his institution was affiliated with the FirstQuinlan was taken to
Second National of Pittsburgh.
Neither W. S> or J, S. Trenton to begin his sentence on the 8th inst., none of the
bondsmen who offered to furnish the $5,000 bail required
Kuhn, he stated, are members of its board of directors, they
having resigned therefrom some time ago.
having been acceptable.
The jury in Miss Flynn's case,
Following the election yesterday of new officers for the after more tKan twenty-eight hours' deliberation reported
First National Bank of McKeesport, it was announced that
its inability to agree on the 3rd inst. and was discharged by
that institution will reopen its doors next week.
Charles Judge Klenert. Miss Flynn had been tried on charges of
A. Tawney has been elected President, succeeding James S.
"inciting to riot" through a speech on February 25.
Kuhn; J. L. Hammitt has been elected Vice-President, and
Suit against the First National Bank of Decatur, Ala., was
Charles R. Shaw has been made Cashier.
Mr. Tawney had
give aid if it is needed."
-
,
Vice-President W. L. Guckert of the First National
Vice-President
been
and
Cashier of
the bank,
while Mr.
Shaw had been Assistant Cashier.
Both J. S. and W. S. Kuhn
week
from
the
directorate
are
said to have resigned
the
Colonial
Trust
this
Co. of
W. S. Kuhn is also reported to have retired
director of the Commonwealth Trust Co. of Pittsburgh.
Pittsburgh.
as a
of
filed in that
city
on
June 19 by the New York Cotton Ex¬
change firm of Springs & Co., the action growing out of the
failure in 1910 of the cotton firm of Knight, Yancey & Co.
The First National is in process
of voluntary liquidation, it
having recently taken action to dissolve, its business being
] taken
over
by a new institution, the City National Bank.,
It is stated that the
^ '•
proceedings just filed will affect only the
,
-
.
.
•.
■
94
THE
stockholders of
CHRONICLE
the First National.
In its suit Springs &
$107,500; it is understood that losses on
drafts accompanying irregular bills of
lading form the basis
Co. seeks to
recover
of its action.
Conway and John J. Lewis have been elected,
respectively, Assistant Treasurer
and Assistant Secretary
of
Guaranty Trust Co. of this city.
•'
^
and the exercise of their
'
-
'
literary talents.
The
paper,
which
is to appear monthly, is
actually printed in the Harlem flat
of one of the
employees.
The June number
(2d issue) is
the "Merger
as
Number", and has as a feature an
article by Langley W. Wiggin,
Secretary of the company,
entitled "Our Merger" and another
by R. I. Curran on "Call
Loans".
An
illustration
Columbia and
which
is
Miss
shows
apt
very
Father
Knickerbocker shaking hands, thus
typifying the recent consolidation of the Columbia-Knicker¬
bocker Trust Co.
•
.
.'
:■
;
Frederick
W.
;:;?y
*
_
Rowe
has
been
elected
v
of the
"Fidelity", a twelve-page monthly
"magazine" published for and in the interests of the Fidelity
Trust Co. of Newark, N. J., its officers and
employees, has
made its appearance under the editorial direction of Frank
T. Allen, manager of the
company's
and John F.J.
in
witty,
a
publicity
Sheehan, Assistant Editor.
humorous
President of the company,
and
department,
The magazine
"sagey"
style.
is
The
Uzal H. McCarter, writes
introductory for .the June issue.
the
an
Complimentary copies of
monthly will be mailed to interested inquirers.
/' '•!.'
-J-—*-
■
•
•-? ^" -V;?/.
•
Gas, Electric Light & Power Co.
■
approved by
a
judge in the
State of Maryland; the first
surety bond approved by the
Orphans Court of Baltimore City or by any Orphans Court
of
the Statp of Maryland; the first contract bond
ever ap¬
proved by any approving authority in the State of
Mary¬
land; the first public official bond ever approved by
any
State, county or municipal authority in the State of Mary¬
land; the first bond
approved by the postal authorities
ever
of the United States and the first
public official bond ever
approved by any Department of the United States Govern¬
incorporated and organized in
1890; the idea of forming the institution was conceived
by
Edwin Warfield, its President.
According, to a statement
company
was
of the management
*
•
•
*
,
;
The Fidelity & Deposit Co. of
Maryland, with the active co-operation
of the American Surety
Co., succeeded in having Congress and the legisla¬
tures of the various States of the Union
pass the necessary laws
authorizing
the acceptance of corporations as sole
surety on all bonds given to" the
United States Government or required by the several
States for
public
officials, fiduciaries and in
court
undertakings.
In other words, this
was
of the two pioneer companies which blazed the
way and made it easy
for those who came after to secure and write bonds.
*"
one
'
;
,,
Pittsburgh at the last bank
gross
the
on
The company has a capital of $3,000,000 and
date
same
$5,036,634.
was
circulation and deposits
secure
587.
discounts
were
secure
postal savings and other public
deposits $1,716,000 and other bonds and securities
$12,503,Its
loans
and
amounted
to
$24,450,764.
The management of the Mellon National
Bank is
strongest in the country and includes many
prominence.
names
one
of the
of national
v.-•
♦
B.
Crane, 2d Vice-President of the National Bank of
Commerce of Toledo, was elected 1st Vice-President on
the
1st inst.
to succeed
Edwards,
to
succeed
the late William W<
of the late
son
Mr.
Crane
Mills, receiving
teller
Edwards.
E.
C.
Vice-President, has been elected
2d
as
of
the
Vice-President.
George L.
Commerce,
been
has
pro¬
moted to Assistant
Cashier, to succeed A. H. Peiter, who
resigned to become Secretary and Treasurer of the new
Trust
Co.,
which
organized
was
interests of the National Bank of Commerce.
of
ment
S.
D.
the
bank
consists
now
of
the
recently
by
The manage¬
following officers;
C.
Carr, President; R.
B.
Crane,
1st
Vice-President;
Edwards, 2d Vice-President; George W. Walbridge,
Cashier; W* L. Lamb and George L. Mills, Assistant Cashiers.
Harry E. Freeman, Secretary and Treasurer of the Ameri¬
Trust & Savings Bank of
Springfield, O., has resigned that
can
office to become associated with the American
Commercial
Co. of Cleveland.
He is succeeded in the
post he is leaving
by Lewis H. Cooke, who had previously been Assistant
Secretary and Treasurer.
'if;
——♦
The
fiftieth
milestone
of
the
First
National
Bank
of
July 1, is marked by the issuance of a
booklet outlining the history of the
progress of the institution
from the
same
&
on
day it opened for business
date half
a
century later.
on
July 1 1863 to the
A sketch of the First Trust
Savings Bank is also incorporated in the publication, which
been printed for private circulation
among the stock¬
has
and
patrons
of
the
First
National.
One
of
the
v
anniversary of the
Fidelity & Deposit Company of Maryland, at Baltimore,
the management points to the distinction held
by it of having
ever
United States bonds to
holders
■'
In calling attention to the
twenty-third
issued the first court bond
in bank
money reserve
.
♦——;'V'y-
The
reported
$56,273,452, the largest, we think,
during its eleven years' existence.
The institution's lawful
Chicago, reached
The directors of the Fidelity Trust Co. of Baltimore have
elected to membership on their board William A.
House,
President of thb United Railways & Electric Co. of
Baltimore,
and Charles M. Cohn, Vice-President of the
Consolidated
ment.
4
deposits of $44,159,982,
capital $6,000,000, surplus and undivided profits
$2,113,189,
E.
♦——.
The first number of
written
June
Commerce
director
a
Nassau Trust Co. of Brooklyn
Borough to succeed the late
A. Frederick Behre.
of.-
of
as
$4,000,000, bonds to
♦"
Under the title of "The
Record", the employees of the
Columbia-Knickerbocker Trust Co., 60 Broadway, this city,
are
publishing a little "paper" for their own divertisement
described
The Mellon National Bank of
call
xcvii.
and aggregate resources of
William P.
the
[Vol.
1
principals in the establishment of Chicago's first Federal
bank—the 8th in the country to receive the
approval of the
Comptroller
Charles L. Spencer, Chairman of the Board of the Connecti¬
cut River Banking Co., of
Hartford, Conn., has been elected
President of the institution.
The post had been vacant since
Currency—was Edmund Aiken, sole'
private banking firm of Aiken & Norton, who
became the first President of the First National.
time the institution's organization
At
the
undertaken, Chicago
had a population approximating 150,000, so that the
city's
development has been concurrent with that of the bank.
Under
the
was
original by-laws of the First National, it
was
provided that, its capital should be $100,000, and that this
might be augmented to a sum not to exceed $1,000,000.
That the bank
was
accorded
a
favorable reception from its
start is manifest from the statement
its
first
three
month's
of
recording the results of
operation—this
statement of
October 1 1863, and being the earliest report published
by it,
showing deposits of $273,089 and total
The
capital at this time
of 1864 the stock
.on
was
was
$205,000.
assets of
$479,849.
During the spring
gradually augmented to $600,000 and
May 2 1864 the first dividend
was
declared.
By Octo¬
ber 1 1864 the deposits had grown to $946,580. As early as
January 1865 it
was voted to increase the capital to $1,000,000, after it had been raised the previous autumn to
$750,000.
Its statement of October 9 1869—about six
years
.
after it
surplus
of $3,149,951.
The American Bonding Co., organized in
1894, was recently takeR over by the Fidelity & Deposit Co.
a
of ;the
member of the
began business—showed
surplus fund of $200,000,
deposits of $2,691,988 and assets of $4,561,971. The consoli¬
a
dation with the First National of the Union National Bank
in
1900 and
the
Metropolitan National in 1902 forms part
of the
history of this fifty-year-old bank, and the organiza¬
tion in 1881 of the National Safe Deposit Co. and of the First
Trust & Savings Bank in
1903 likewise enter into the half-
June 1912, when Samuel E. Elmore
resigned.
century record.
is from
herewith:
Mr. Spencer
Suffield, where he is President of the First National
Bank.
He is also
Some
actively engaged in the insurance business.
*
Walker, President of the Lincoln National
Washington, D. C., died at his home on the 1st inst.
of heart disease.
He
was
74 years of age.
♦
At
a
Bank of
Philadelphia,
was
on
now
the
v
the 7th inst., the surplus of the
increased to $3,000,0001
.
'
book
is reproduced
progress which the bank Itself has made
it has
a
balance sheet exceeding $145,000,000
without reflection, what
a
force it has been in the advancement of the city and the enormous
territory
commercially
tributary thereto.
While it has certainly profited by the
phenomenal growth of the community.it has,on the other hand .contributed,
in
meeting of the directors of the Franklin National
institution
conception of the steady
during this period—until
from
passage
—will be formed, still it may not be realized,
Richard A.
Bank of
A
no
small
measure to
the extension of the trade and the
development of
the material interests of those whom it
serves.
The past progress and present position of
Chicago are in a great measure
attributable to the sound condition of its
principal representatives in the
Trorld of finance.
Among these institutions the First National Bank and
the First Trust & .Savings Bank hot only hold high rank
by virtue of the
yolume of their business, but have also
won
universal recognition as safe
Jtjlt 12
95
CHRONICLE
THE
1913.]
meeting of the stockholders of the Home
(head office Toronto) held on June 24. a
thoroughly
At the annual
equipped and fully cognizant of the needs
Bank of Canada
have made Chicago the great
and requirements of those who
central market and believe it a city of destiny.
by-law was adopted whereby the authorized capital is in¬
creased from $2,000,000 to
$5,000,000.
The
May 31
statement showed the paid-in capital as $1,938,208 and a
Rest" fund of $650,000.
The deposits of the institution
at the same date were $9,978,981, while its sasets amounted
at the same time not the less
and conservative, while they are
Louis,
capital of $200,000.
The organization of the institution was undertaken some
months ago under the name of the Drovers' State Bank, but
plans for its formation as a national institution were subse¬
quently perfected, and before it was formally launched on its
career, it was brought under the domain of the Federal sys¬
Deposit National Bank of East St.
The Drovers'
111., opened for business on June 9 with a
officials
The
tem.
Bright
First Street and St.
made in these
Landers, Vice-Presidents;, and
The institution is located at
Clair Avenue.
Previous references to it
columns Feb. 15 and Nov. 9 last.
a
special meeting
the 2nd inst. Robert W. Webb was
and Treasurer of the Minneapolis
on
Vice-President
elected
SUPERIOR IRON ORE SHIPMENTS.—The
movement of Lake Superior iron ore for June was the largest
on record for that month, the shipments aggregating 7,974,-
Minneapolis, Minn. Mr. Webb, who has been
associated with the institution for nineteen years, had,prior
of the
advancement, been Secretary and Treasurer
Dana L. Case succeeds him as Secretary.
from the East Side State Bank of Minne¬
company.
Mr. Case
comes
to June 30:
season
Marquette
Ashland
follows: W. A. Lancaster, Walter
Northwestern
Marine
Fire &
Francis W.
Co.;
L. Martin, Vice-President of the Minneapolis
M. Prince, President of
Little, W.
St. Paul & Sault Ste. MarieRR.,F.
the First National Bank of Minneapolis and
774,761
._
..1,895,728
Harbors. ..1,548,727
Duluth
2,607,223
16,125,042 13,690,671
8,836,372
1,629,112
1,551,214 1,102,979
840,345
1,445,669
of anthracite coal to market in June 1913 reached 5,970,047
tons, a decrease of 221,599 tons from June 1912.
In the
following table we give the shipments by the various carriers
for June 1913 and 1912 and for the periods January 1 to
30:
June
Road—
«
.,
tons .1,155,107 1,166,670
1,175,688
850,788
836,365
Lackawanna & Western....
827,714
670,331
& Hudson
568,352
organized
on
the 25th ult., with a capital of $100,000, and
opened for business
has taken
over
on
The
the 1st inst.
new
institution
the affairs of the Corn Belt Bank at 1019
The
officers of the new company are: Arthur C. Cowan, President;
B. F. Deatherage, Vice-President, and Charles W. Bartlett,
President Cowan
Secretary and Treasurer.
was
formerly
Vice-President of the State Bank of Kansas City, Mo.
,
monthly booklet of the Mississippi Valley Trust Co.
of St. Louis, issued under
the caption of "Service'', contains
the interesting information that from
the company's organiza¬
tion to June 1 1913 it has paid $6,883,125 in interest to its
....
v.a510,341
Pennsylvania
Erie.
555,674
661,892
211,375
708,906
227,224
—
—
Ontario & Western—
in the quarters of the latter.
Grand Ave. and operates
The
Delaware
6,858,384
6,592,131
4,575,664
4,789,360
3,504,539
3,167,106
4,079,792
paid to the owners
dollar and six cents went to its customers.
dollar of profit which
of the institution, a
was
4,712,666
3,372,090
3,717,584
2,573,212
2,354,891
3,167,540
937,661
34,851,854 26,096,979
COPPER PRODUCTION AND CONSUMPTION—The
of the Copper Producers' Association for June,
Monday, showed a further reduction in the stocks
of marketable copper on hand, the amount decreasing from
67,564,224 lbs. on June 1 to 52,904,606 lbs. on June 30.
The output, however, was 19,458,563 lbs. less than in May
issued
on
corresponding month of last year.
the various items for June 1913
and 1912 and for the periods from Jan. 1 to June 30.
We
also add figures showing the European visible supply.
and smaller also than in the
In the
following
we compare
1912.
1913.
beginning period.-...lbs.
Stocks
Production..
1 to June. 30—
Jan.
-June-
every
5,261,335
statement
depositors, against $6,483,729 in dividends to its stockholders.
Thus, for
1912.
1,284,878
..5,970,04V 6,191,646
Total
,
1 to June 30—
1913.
1912.
1913k
,
.1,183,821
Lehigh Valley...
„.
851,445
Central Railroad of New Jersey......
Delaware
,Y
.
—Jan.
—fJlune—
George F. Piper.
Savings Trust Co. of Kansas City, Mo., was
918,890
1,332,801
4,344,331
2,845,478
ANTHRACITE COAL PRODUCTION.—The shipments
Philadelphia & Reading
The Citizens'
1911.
1,641,948
1,067,708
533,738
662,412
2,944,954
2,050,134
1,577,426
1,800,601
1,059,776
1,509,702
.4,677,349
3,995,948
3,081,666
...7,974,444 7,567,555 4,819,966
Total
company as
C. Leach, President of the
Insurance
...
1911.
538,168
314,807
394,555
„
1912.
1913.
1912.
849,059
561,976
811,029
Superior—... .,2,377,078 2,348,608
apolis, where he had been Cashier.
The trust company also
has a new Assistant Treasurer in H, 0. Hunt.
Six new
of the
-Jan: 1 to June 30-
Juno —:
—
1913.
845,414
532,736
(tons)—
Port
Escanaba
Two
directors have been elected to the board
increase of 406,889 tons over the correspond¬
tons, an
ing month last year.
Below we show the shipments from
the various ports for June 1913, 1912 and 1911 and for the
Trust Co. of
to his present
MOVEMENTS.
AND TRAFFIC
TRADE
LAKE
444
At
having declined re-election, owing to con¬
Eugene O'Keefe
tinued ill-health.
Doerr, Cashier.
George W.
were
du Canada
G.
Thomas
and
M. A.
A. J. Williford President;
are:
$14,735,100.
The business of the Banque Internationale
(head office Montreal) was amalgamated with
that of the Home Bank on April 15.
Col. James Mason was
elected President of the Home Bank at the annual meeting,
to
1913.
•
1912.
49,615,643 105,312,582
89,454,695
121,860,853 122,315,240 809,194,026 735;585l883
67,564,225
•
.189,425,078 171,930,883 914,506,608 825,040,578
Total supply.....
Deliveries for—
H.
Graham
has
Andrews
been
Citizens' National Bank of Raleigh,
E. Litchford, resigned.
elected
Cashier of. the
a son
Stocks end of period...........
European visible supplyBeginning of period
End of period
eighteenth annual
convention of the Washington
previously stated, in
Bankers' Association will be held, as
Bellingham,
the Hotel
on
August 7, 8 and 9, with headquarters at
The following addresses appear on the
Leopold.
127,595,879 861,692,002 780,705,574
......
of Col. A. B.
Andrews, Vice-President of the institution.
The
66,146,229 429,191,722 394,422,087
61,449,650 432,500,280 386,283,487
136,520,472
Exports
N. C., succeeding Henry
Mr. Andrews is
68,452,571
68,067,901
Domestic consumption...
"Progress and the Banker," by J. A.'S. Pollard,
of the Fort Madison Savings Bank of Fort Madison,
....
...
...
44,335,004
52,904,606
44,335,004
52,904,606
66,380,160
63,105,280
99,944,320
93,235,520
90,451,200 128,313,920
63,105,280
93,235,520
UNFILLED ORDERS OF STEEL CORPORATION.—
The United States Steel Corporation on Thursday,
issued its regular monthly statement showing the
orders
on
of
July 10,
unfilled
the books of the subsidiary corporations at the
From this statement it appears that the
June.
program:
close
Cashier
aggregate of the, unfilled orders on June 30 was 5,807,317
tons, 517,005 tons less than on May 31.
In thelfollowing
Iowa; "Advanced Agriculture, Education and Good Roads",
we
by W. G. Edens, Assistant Secretary of the Central Trust
Co. of Chicago; "Old Nick Biddle, the Bank Monster," by
Lydell Baker, editor of the "Pacific Banker" of Portland,
Ore.; and "Benton County's Benefits from Diversified Farm¬
give the comparisons with previous months:
May
April
Mar.
Feb.
ing'Y by J. F. Sears, Cashier of the Prosser State Bank,
Jan.
Prosser, Wash.
NOV.
Dec.
Oct.
A consolidation of
been agreed upon
the two largest
banks in Tacoma has
by the directors of the institutions con¬
cerned; the details are
now
that the merger will
be accomplished in about sixty days'
are to consolidate are the National
time.
being perfected and it is expected
The banks which
Bank of Commerce and the Pacific National Bank;
named has
on
a
July
capital of $200,000; surplus and profits (June 4)
deposits of $4,103,035; the Pacific National
$536,797, while its deposits on that date were
It is stated that the same interests now in
were
$5,071,720.
control of the two institutions will dominate the consolidated
Tons.
1912___5,807,346 June 30 1911...3,361,058
31 1913...6,324,322 May 31 1912...5,750,983 May 31 1911...3,113,187
30 1913...6,978,762 April 30 1912...5,664,885 April 30 1911,__3,218,704
31 1913...7,468,956 Mar, 31 1912...5,304,841 Mar. 31 1911.__3,447,301
28 1913...7,656,714 Feb. 29 1912...5,454,200 Feb. 28 1911...3,400,543
31 1913...7,827,388 Jan. 31 1912...5,379,721 Jan. 31 1911...3,110,919
31 1912...7,932,164 Dec. .31 1911...5,084,761 Dec. 31 1910...2,674,750
30 1912...7,852,883 Nov. 30 1911...4,141,955 NOV. 30 1910...2,760,413
31 1910___2,871,949
31 1912...7,594,381 Oct... 31 1911...3,694,328 Oct.
30 1912...6,551,507 Sept. 30 19U.T_3,611,317 Sept. 30 1910...3,158,106
Aug. 31 19111.-3,695,985 Aug. 31 1910...3,537,128
31 1912...6,163,375
31 1912...5,957,079 July 31 1911...3,584,OSS July 31 1910...3,970,931
30
1913...5,807,317
June
30
Prior to July 31 1910 reports of unfilled orders were issued
only quarterly.
In the following we show the totals at the
end of each quarter or period for,which the figures were made
public, back to the organization of the Steel Company.
the first-
capital of $300,000; and its figures of surplus and profits
June 4
Aug.
Tons.
Tons.
June
a
of $426,773 and
has
Sept.
.
Tons.
Tons.
June
Mar.
Dec.
Sept.
June
Mar.
Dec.
Sept.
June
Mar.
Dec.
..4,257,794 June 30
..5,402,514 Mar. 31
31 1909. ..5,927,031 Dec. 31
31 1909. ..4,796,833 Sept. 30
30 1909. ..4,057,939 June 30
31 1909. ..3,542,595 Mar. 31
31 1908. ..3,603,527 Dec. 31
30 1908. ..3,421,977 Sept. 30
30 1908. ..3,313,876 June 30
31 1908. ..3,765,343 Mar. 31
31 1907. ..4,624,553 Dec. 31
30 1907. .*6,425,008 Sept. 30
30
1910.
31
1910.
1907. .*7,603,878
1907. .*8,043,858
Ton.
30
1904. .*3.192,27
Mar. 31
1904. .*4,136,96
31
1903. .*3,215,12
June
1906. .*8,489,718
Dec.
1906. .*7,936,884
1906. .*6,809,589
Sept. 30 1903. .*3,728,74
June 30 1903. .*4,666,57
1906. .*7,018.712
Mar. 31
1903
1905. .*7,605,086
Dec.
31
1902
1905. .*5,865,377
Sept. 30 1902 ,-*4,843,0<
1905. .*4,829,655
1905. .*5,597,560
June
30
Dec.
31
1904. .*4,696,203
1904. .*3,027,436
Nov.
1
.*5,410,7]
.*5,347,21
1902 ..*4,791,95
1901 ..*4,497,7'
1901 ..♦2,831,65
bank.
Sept.
of Commerce. "
method only orders received from sources outside of the company's own interest*
are shown.
The amount as of Sept. 30 1904, shown above as 3,027,436 tons, the
Ralph S. Stacy is President ofithe^Pacific National
Bank and Chester Thorne is at the head of the National Bank
♦The
figures prior to Dec. 31
former basis,
1907
are
on
the old basis.
Under the present
would, It la stated, be 2,434,736 tons on that now employed
f
96
1
CHRONICLE
THE
*
Vvwsw WVSVvv-
-
'W
V./SAAWVVVV\^<VWV^>WV»i\^\V\VWVVVWVVVWVW\. VV.SV
[From
our own
been
enced
Saturday,
disappointing week,
scarce
and
STOCK OF MONEY IN THE COUNTRY.—The follow-
June
ing table shows the general stock of money in the country as
well as the holdings by the
Treasury, and the amount in
circulation, on the dates given.
The statement for July 1
1912 will be found in our issue
of July 27 ,1912, page 216.
1913.
28
during which
has
money
dear, the stock markets have again experi¬
sharp fall in securities
a
■»
correspondent.!
London,
Another
>•
-Stock of Money July 1 *13
everybody has been
and
has passed away and has not brought
the end of
to an actual outbreak of
allies.
The
are
war
- \
bank to its gold
The belief is general now that it will
will do so,
bidding for the
cease
however, remains to be
the
beginning of the
increase his gold
that he intended to
year
by from 20 to 35 millions sterling.
In any event, the hope is very general in London that once
July sets in, money will become easier and more plentiful—
always barring complications growing out of the new phase
of the Balkan troubles; that,
therefore, an improved feeling
will spring up; and that business will not continue
quite as
depressed as it is at present.
reserve
Receipts
In Vienna and Buda-Pesth the
lead
to
Chicago
a
revival of confidence
St.
•
Louis
1,000
13,000
43,000
31,000
Peoria...
Kansas
199,000
8,000
City.
263,000
146,000
247,000
286,000
2,630,000
1,583,895
4,364,010
'13
233,000
197,631
277,629
Same wk. '12
Same wk. '11
Rye.
410,000
255,000
231,000
24,000
17,000
21,000
306,000
24,000
144, 000
182, 000
97, 000
81, 000
77, 000
3,000
3,000
33,000
1,000
14,000
4,184,000
2,116,936
2,049,946
1,241,000
.
3,175,000
2,798,948
3,025,736
Omaha...
Tot. wk.
Barley.
2,667, 000
288, 000
428, 000
152, 000
29, 000
39, 000
197,000
58,000
85,000
1
30,000
15,000
56,000
170,000
98,000
11,000
__
Oats.
1,933,000
736,000
5,000
15,000
•
Cleveland.
,
101,000
37,913
16,152
118,875
-343,428
Since Aug. 1
1912-13... 17,162,520 254,611,966 222,309,228
240,082,668 99,623,330 16866642
1911-12
11,976,681(134,546,502 190,474,470 144,253,417161,427,039 8,181,841
191-0-11.*. 15,053,692 211,483,705
369,212,677'183]594',115*62 J8R956 5,115,848
Total
as
receipts of flour and grain at the seaboard ports for
the week ended July 5 1013 follow:
Flour,
Receipts at—
New York
considerable
New Orleans
Oats,
Barley,
Rye,
bush.
bush.
bush.
bush.
64,000
7,9,000
10,000
12,000
20,000
92,000
26,000
80,000
85,000
276,000
61,000
95,000
66,000
69,000
63,000
5,000
881,000
1,000
1,000
651,000
226,000
Newport News...
Norfolk
LOGO
15,000
2,000
2,000
Galveston
applications
amounted to nearly 111 lacs at prices
ranging from Is. 3
29-32d.. to Is. 3 31-32d. per rupee.
Applicants for bills at
Is. 15-16d. and for telegraphic transfers at Is. 3 31-32d.
per
rupee were allotted 20 per cent of the amounts applied for.
Corn,
bush.
315,000
315,000
111,000
'18,000
31,000
.....
Baltimore..
The India Council offered for tender on
Wednesday 20 lacs
its bills and telegraphic transfers and the
Wheat,
bbls.
100,000
28,000
14,000
:>•
Boston..........
Philadelphia
time, and Paris also is more reassured.
In Austria and
Hungary depression continues.
In Germany there is more,
relief, but not so much confidence felt as in London and Paris.
of
479,000
92,000
Minneapolis.
letting out of the moneys now hoarded.
Certainly, in London there is a more confident feeling for
a
Corn.
bush. 56 lbs. bush. 32 lbs. bush ASlbs. bu .56 lbs.
682,000
Toledo
the
the immediate future than there has been for
113,000
26,000
Detroit
liquidation also is passing
be such
soon
Wheat.
Duluth
than anybody hoped.
Paris that there will
Mil
Flour.
Milwaukee..
But it will not end until
Monday evening and, therefore, there is still some uneasiness;
The best opinion, however, appears to be that much help
has been given by Germany to her ally and that, in consequence, so serious trouble is likely to occur.
Nevertheless,
neither in Germany nor in Austria has the
hoarding of
money come to an end, and until it does nobody can feel
sure
of what may happen.
Hoarding also continues in
France.
The hope is very strong both in
^London and in
.
at—|
bbls. 19616s. bush. 60 lbs
,
off better
716,£6-1,931
figures brought from page 126.—The
are prepared by us from
figures collected by
the New York Produce
Exchange. The receipts at Western
lake and river ports for the week
ending last Saturday and
since August 1 for each of the last three
years have been:
lected that the President of the Reischbank told his share¬
holders at
3,219
8,757,310
42,895,985
statements below
for it is to be recol¬
seen,
72,076,361
470,189,192
154,705,699
2,656,781
337,923,706
13,360,808
20,765,511
Breadstuffs
Whether it
market in London.
open
9,991,659
;.
the appropriate kinds of
money is held in the Treasury, and is not included in the
account of money held as assets of the
Government.
c This statement of
money held in the Treasury as assets of the Government does
not include deposits of public
money in national bank depositaries to the credit of
the Treasurer of the United
States, amounting to $74,160,472 33.
Since the 30th of March it has
increased those gold holdings by over 93^ millions sterling.
gold offering in the
175,471,210
2,660,000
346,681,016
759,157^906
3,718,379,012 347,053,005 3,371,326,007 3,276,786,613
Population of continental United States July 1 1913 estimated at
97,337,000;
circulation per capita, $34 64.
a For
redemption of outstanding certificates, an exact equivalent in amount of
large addition made by the Reisch-
very
holdings.
565,618,020
.
607,445,193
942,692,184
70,330,726
469,049,230
141,231,758
2,919,095.
337,922,123
705,196,304
Total
passing off better than anybody dared to expect,
chiefly owing to the
$
608,979,598
78,194,420 1,008,532,749
United States Notes......
National Bank Notes
"•/'■/ ;
July 1
1912.
1913.
173,084,093
a
Subsidiary Silver..
Treasury Notes of 1890
prelude
Circulation—
$
bullion.,... 1,868,790,860
Gold Certificates
between the two States lately
■
Treasury.c
•
Standard Silver Dollars...1
Silver Certificates a..
liquidations in Berlin and in Vienna and Buda-Pesth
far
so
to be merely the
seems
Held in
States.
S
A bitter skirmish between
troubles.
our
Bulgarian and Servian troops
Monry
in
July X
In United
,
■
Gold coin and
apparently much
us
;
,
[
rendered uncomfortable by the renewal of alarmist rumors,
nearer
xcvii.
©omnxcvciat audlXXisceUaiieous fXews
||Xmictary!©ommcvciaIgttgtislx^£XUS
**■
[Vol.
"...
Mobile...
1,000
....
Montreal.
Total week
33,000
1913
229,000
1,862,000
209,000
1,21$,000
307,000
25,000
1913.11,235,000 82,939,000 41,195,000 28,893,000 13533000 1863,000
Week 1912
313,643
2,298,490
234,949
920,869'
20,775
Since Jan. 1 1912. 8,779,778 56,779,303 24,116,612 24,600,551 3647,565
282,062
*
Receipts do not Include grain passing through New Orleans for foreign ports on
through bills of lading.
•
'
,
.
Since Jan. 1
.
.
.
English Financial Markets—Per Cable.
The daily closing quotations for securities, &c., at
London,
as reported by cable, have been as follows the
past week:
London,
;
"
■
.
Week ending July 11.
Sat.
Silver,
Mon.
per oz_.„
..d.
d Consols, 2% per cents....
d For account..
72 7-16
dFrench Rentes (inParis) fr.
83.60
Topeka& Santa Fe.._ 98%
Preferred
72%
83.47%
65%
63%
6%
98%
99%
95
.
Baltimore & Ohio
,-95%
Preferred
Canadian
80
Pacific.
219%
54%
Chesapeake & Ohio
Chicago Great Western
Chicago Milw.& St. Paul...105%
Denver'& Rio Grande.:
,
54%
.12
1
Erie
First
25%
preferred....
Second
....
preferred
Great Northern,
Illinois Central
25%
,39%
32%'
126
...
preferred.. 125%
21%.\
59%
•
Preferred .I......
Missouri
Pacific
31
Nat. RR. of Mex., lstpref..
Second preferred
41
13%
N. Y. Central & Hud. Riv
Preferred.........
29%
•....
Northern Pacific
a
a
Pennsylvania
Reading Company
o
...
57%
80%
57%
44%
Second preferred
Rock Island
a
15%
Southern Pacific
Southern Railway
95%
21%
76%
149%
Preferred
150%
84
U. S. Steel Corporation
53%
Preferred
2%
a
Price
6%
....
52
....
'
94%
32%.
53%
106%
106
Preferred
Norfolk
84
63%
Wabash.
Extended 4s............
97%
<
6%
97%
99%
15%
95
21%
75%
148%
95%
Preferred
Unions Pacific
65%
63%
6%
45
...
,
.
" 99
'94%
81%.
99
94%
94%
80
.80%
215%
218%
'63% ./
54%
13
13%
v
105
.
16%
27%
24%
.38
32%
126%
114%
133%
21
58%
30%
41
13
99%
29%
105%
105
share.
flat prices. Jl^l
6£ sterling,
•'
*
c
29,929
17,000
2,000
63,000
39
32
126
;
45
15%
94%
21%
75%
147
84
52%
107
•
.
114%
134
21%
58%
30%
41
12%
100
29%
105%
87
110
57%
80%
44%
,
..
44%
15
83 %
54%
106%
32%
115
134
•*
•
Week
-
142,000
168,416
488,628
649,403
18,095 238,357
58,883
131,295
•
1,894
1,501
.....
-Wheat—
July 5.
since July 1 to—
bbls.
United Kingdom— 67,107
Continent.
52,362
Sou. & Cent. Amer. 25,486
West Indies.
22,548
_
-Corn—
Since
Week
July 1
19i3.
Exports for week and
125
July 5.
bbls.
bush.
Since
1913.
bush.
.
Week
July 1
22,548
.
Brit. No. Am. Cols.
100
Other Countries
813
5,000
1913.
bush.
bush.
46,929
'
46,929
48,989
49,180
48,989
49,180
31,862
-i" 5,000
813
31,862
100
58%
July 1
July 5.
67,107 •1,730,0001 1,730,000
52,362
861,246"
861,240
25,486
33,000
I, 33,000
21%
"""405
405
177,365
61,882
177,365
61,882
31
Total
41
1>2%
98%
29%
105%
108%
57%
80%
44%
2%
2%
6%
51%
1912...
2,629,246
1,887,636
and
corn
1913.
1913.
Since
Since
Week
July 1.
July 1.
July 5.
Bushels.
Bushels.
Bushels.
Bushels.
North Amer. 4,568,000
1,520,000
Russia
4,568,000
1,520,000
528,000
"
Danube—-
ArgentinaAustralia—
India
Otb. countr's
are
528,000
720,000
1,080,000
2,664,000
72,000
720,000
1,080,000
2,664,000
72,000
11152000
11,152,000
are
shown
Corn.
1912.
July 5.
6%,
for the week
ending July 5 1913 and since July 1 1913 and 1912
in the following:
Week
51%
given
\ V
168,416 2,629,246
131,295 1,887,636
The world's shipments of wheat
Exports.
2%
6%
51%
Total
168,416
131,295
Wheat.
15%
94%
21%
75%
148%
83%
63%
107%
2%
here
177,365
61,882
253,000
Since
45
94%
21%
75%
149%
40,000
1,500
The destination of these exports for the week and since
July 1 1912 is as below:
•.
87
110
57%
80%
d Quotations
..1,887,636
1,000
1~,666
1,000
Flour-
16%
27%
25%
39%
6%
51%
Ex-dividend,
week...^2,629,246
1912
6,250
1,500
...
105
16%
27%
25%
.
Total
Week
217%.
52%
13%
'
per
bush.
1,894
66%.'
62%
6%
97%
110%
67%
80%
44%
80%
First preferred
bush.
96,357
Newport News..
Galveston124,000
Mobile..
5,000
Montreal
..1,114,000
87
....
bush.
18,095
83.85
106
110%
bush.
225,978
2,400
83.70
63
63
Peas,
bblb.
83.35
64%
63%
6%
97%
99%
30
106
....
Orleans'....
the week
Barley,
79,754
4,314
26,000
4,848
9,500
83.37%
100
29%
Philadelphia
Baltimore.
.72 5-16
Rye,
bush.
New
13%
100
N. Y. Ontario & Western...
Norfolk & Western
2615-16
...
Oats,
64,436
72 7-16
126
114%
134
21%
.59%
30%
41
134%
21%
Boston
Fri.
Flour,
bush.
72%
25%.
39
115
Louisville &• Nashville.
Missouri Kansas & Texas...
Tfiurs.
York......
Corn,
650,555
167,691
301,000
92,000
175,000
Exports from—
72 7-16
105
16%
27%
•
Wheat,
72 9-16
13
105%
16%
27%
Preferred.--
-
Wed.
79%
219%
54
220%
The exports from the several seaboard ports for
ending July 5 are shown in the annexed statement:
New
26 15-16 26 15-16 26 13-16 26 15-16 26%
72%
72 7-16
72%
72%
72%
Amalgamated Copper Co....65%
Am. Smelt; & Refining Co..
6 Anaconda Mining Co
Atch.
Tues.
.
1912.
Since
Since
1.
July 1.
Bushels.
Bushels.
July
2,656,000
56,000
2,543,000
434,000
1,272.000
442,000
3,134,000 6,886,000
> 352,000
56,000
434,000
442,000
""357~666
6,886,000
2,091,000
5,653,000
7,8^8,000
8,101,000
2,808,000
340,000
•'
'
Total
13,111,000 7,818,000
July 12
97
CHRONICLE
THE
1913.]
Per
Europe on dates
quantity of wheat and corn afloat for
The
mentioned
was
as
follows:
Miscellaneous
Wheat.
United
United
Consolidated
Kingdom.
Total.
Continent.
Kingdom.
Bushels.
Byshels.
Bushels.
23,443,000 36,023,000
5 1913- 22,984,000 17,696,000 40,680,000 12.580,000
June 28 1913.
23,632,000 20,520,000 44,162,000 14,042,000 22,194,000 36,236,000
July
9,707,000 22,618,000 32,325,000
5,763,000 6,925,000 12,688,000
Dayton Power &
pref. (quar.)...
Light, preferred (quar.)
(quar.)
21 July
July
July
31 Holders of rec
xx
xx
2X
.
15 Holders of rec. June30a
July
xx
xx
& West. Coal
Detroit Edison (quar.)___
Delaware Lack.
July
xx
July
31 Holders of
rec
July
15 Holders of
rec
July
15 Holders of rec,
July
July
15 Holders of rec. June 30*
xx
X
pref. (quar.)__
Dominion Pow. & Transm.,Ltd.,pf.(No28)
Dominion Textile, preferred (quar.)
duPont (E.I.)de Nemours Pow., pref. (qu.)
Eastman Kodak, common (extra)
Edison El. 111. of Boston (quar.) (No. 97)
Electrical Securities Corp., pref. (quar.)__
Electrical Utilities Corp., com. (qu.)(No.4)
Preferred (quar.) (No. 13)
*_
Electric Bond & Share, com. (qu.) (No XI)..
Preferred (quar.) (No. 33)
—
Distilling Co. of America,
DIVIDENDS.
The
future
v
announced for the
important corporations:
following shows all the dividends
by large
or
printed in italics.
Dividends announced this week are
Per
When
Books Closed.
Cent.
Company.
of
Name
Payable,
Days Inclusive.
Electric Company
3
_
July 19a
rec.
July 31a
Aug.
Sept.
Holders of
rec,
Aug.
Sept.
Holders of
rec.
Aug.
rec.
June27a
■
Canada Southern
1X
Aug.
Holders of
2
—
(quar
Clev. Cln. Chic. & St. Loula, pref. (quar.).
Cuba Railroad, preferred
Delaware Lackawanna A Western.
Detroit Hillsdale <& Southwestern
Georgia Railroad & Banking (quar.)
Granite Ry. (No. 80)_______
Great Northern (quar.)
Kansas City Southern, preferred (quar.)__
Lake Shore & Michigan Southern.
Guaranteed stock (Mich. So. A Nor.Ind)
Central RR. of New Jeraey
Aug.
July
Holders of rec. June27a
Aug.
Holders of
1*
rec.
2*
July
Holders of rec. July
2
July
2
July
July
July
IH
Aug.
Holders of rec. JunelOa
6
July
July
Holders of rec. June30a
6
Aug.
Holders of rec. June27a
3
1
7
rec.
2
July
Preferred
June20a
to
Holders of
Holders of rec. July
Holders of
rec.
Island
-
June28a
July
Holders of
July
June 11
to
July
Aug.
July
to
Aug. 10
SX
19
3
rec.
JulylSa
Holders of
rec.
June27a
Aug.
July
XX
July
Holders of
2*
Sept.
Holders of rec. Aug.
2
Aug.
July
X*
Sept,
Holders of rec.
1
Aug.
Holders of rec.
8
Aug. 30
July 31
Holders of
rec.
June30a
Holders of
rec.
July
Louis_______
River (quar.)..
N. Y, Chic. A St. Louis, 1st A 2d pref__.
New York Ontario A Western (No. 9)___
Norfolk A Western, common
(quar.)
(quar.)
Preferred
July
fo
July
<„
Aug.
1
June24«
to
22
rec.
la
July
to
1
Northern Central
$2
(quar.)
Pittsb. Cin. Ch. A St. L.,com.Apf. (quar.)
Pittsburgh A Lake Erie
*
—
xx
.Aug.
XX
July
Holders of rec. July 15a
Northern Pacific
First preferred
Texas Central, common
Holders of
Holders of rec. July 29a
1
Holders
5
—
Sept.
July
Aug.
rec.
Holders of
XX
(quar.)___ _!
pref. (quar.)—;.
July 23a
Aug.
2
St. Louis Southwestern,
9a
Aug.
$2.50
(quar.)
Reading Company, common
Holders of
June30a
2X
Street and
July
Holders of rec. June30a
3
Aug.
Holders of rec. July
July
Holders of rec. July
2a
July
July
Electric Railways.
2
July
4
xx
Aug.
Holders of rec. July
15
23
July
July
1
to
July
15
xx
July
July
1
to
July
15
pref. (quar.) (No. 55)__
xx
Aug.
Holders of
Columbus (0.) Ry.,
(quar.)
___
Commonwealth Pow., Ry.AL.,
Preferred (quar.) (No. 10),
Aug.
July
19
to
15
Aug.
5
XX
Aug.
July
19
to
Aug.
July
July
1
to
July
July
15
XX
Aug.
July
July
July
2
rec.
June28a
Holders of rec,
to
8
July
•
15
Aug.
Holders of rec,
July 19a
xx
xx
Aug.
Holders of rec,
Julyl9a
,
July
July
Aug.
Holders of rec,
July
14
15
July
Holders of rec,
July
la
Aug.
July
July
Holders of rec
.
July
to
4
31
July21d
July 15
July 31
July
to
14
Aug.
Holders of
July
July
Aug.
Holders of rec,
July
Sept.
Holders of rec,
Aug. 9a
Aug.
Holders of
Aug.
Holders of rec,
July 15a
July 15a
July
Holders of rec, June28a
July
Holders of rec, June28a
20
rec,
to
.
rec,
XX
—
(No. 116)
July
Holders of
rec.
July
1
July
Holders of
rec,
July
7a
July
Holders of
July
July
refe, July- 10
to
July 15
k)
July
31
1
Miscellaneous.
Common (payable
Preferred
July
Holders of rec.
Aug.
Holders of rec.
July
July 11
xx
2X
(quar.)_
stock)___
Holders of rec. July 15a
xx
American Light A Traction, com.
July
xx
American Cigar, common (quar.)_______
Amer. Coal Products ,pref. (quar!)
Amer. Gas A Elec., pref. (qu.) (No. 26).,
Holders of rec, June23a
1
'
;
Holders Of rec.
July
1
(monthly).___
Holders of rec. July
July
XX
—
July
1
Amer.
Extra...
Aug.
July
20
to
Aug.
Aug.
July
17
to
July
31
July
1
(quar.)_
First preferred
Pittsb."Term. Wareh. & Tran3.
Portland(Oi-e.) Oas &
Common (extra) (payable
Holders of, rec. July
Holders of rec. June30a
July
July
July
Holders of rec. June30a
Anaconda Copper Mining (qu.) (No. 61)._
75c.
10
Preferred
Preferred
July
Holders of rec. June
X
July
July
Holders of rec. June
2*
July
July
IX
2;
,•
•
July
July
•
(quar.)..
rec.
15
June30a
Aug. 15 Holders of
rec.
Aug. la
Aug. 15 Holders of
rec.
July 31a
July
15 Holders of rec. June30a
July
15 Holders of rec. June28a
July
15 July
Aug. 15 Aug.
July
15 Holders of rec. July
July
15 Holders of rec. June24a
July
15 Holders of rec. July
6
6
to
to
1
1
July
15
Aug. 15
5
la
July, 17
July 17
21 July
July
21 July
July
15 Holders of rec. June 30
(quar.)
to
to'
xx
July
2
July
15 Holders of rec. June30a
15 Holders of rec. June30a
July
31 Holders of rec. July
1
July
15 Holders of rec. June 30
July
15 Holders of rec. June 30
$2.50
1
July
19
19
1 July
Aug.
1 July
Aug.
xx
July
July
July
XX July
X8Xc. July
(mthly.)
XX
4
4/
Aug.
(quar.)
to
Aug.
XX
Aug.-
July
xx
1
1
1
July
15
Aug.
5
21
1
15 Holders of rec. July
15 Holders of rec. June30a
15
8
31
July 25a
25 Holders of req. July
15 Holders of rec. July
1 July
24
Aug. 15 Holders of
Aug. 15 Holders of
15 Holders of
1
rec.
1 Holders of rec. July
to
rec.
July
rec.
July25a
rec.
June30a
1 Holders of rec.
July 19a
July
2X
— -
15 July
19
1
3
Aug.'
to
to"; Aug.
Aug.
to
Aug. 15 Holders of
3
^
Aug.
xx
—
Aug.
xx
xx
XX
1
■
i_
(quar.)
July
3
1 Holders of rec.
July 19a
15 Holders of rec. July
la
rec.
Aug. la
rec.
July
July
15 Holders of rec. July
1
July
15 Holders of rec. July
2X
July
xx
XX
July
Sou. Calif. Edison, pf.
'__
i
:
(qu.) (No. 16)_.—
(quar.).
Southern N. E. Telephone
Southern Utilities, pref. (quar.)
________
Standard Milling, common
(No. 2) ____
Union Nat. Gas Corp,
XX
xx
xx
2
July 15
15 July
1
to
7
19 Holders of rec. July
8
Aug.-15 Holders of rec. Aug.
July 15 Holders of reo. June 30
July
Aug.
July
4
(quar.) (No. 40)
—
United Cigar Mfrs., common (quar.)___._
United Dry Goods, com. (quar.)
United Fruit (quar.) (No. 56)
Aug.
2X
July
1
Aug.
2
Aug.
2
July
United Gas & Electric
2X
July
United Gas
$1
July
Co., pref—
Improvement, (quar.)
.CastlronPipe&Fdy. ,pf. (q u,) (No .44) _
U, S. Indus. Alcohol, pfd. (qu.) (No. 27) —
U, S. Realty & Impt. (quar.)
/
—
IJ. S. Rubber, common (quar.)—.
First preferred (quar.).
:
Second preferred
(quar.)
_i
U. S. Smelt., Rfg. & Min., com. (quar.) —
U .§
Preferred
Warner
(quar.)
5
15 July
1
to
15
18
20
July 31
July 15
July 24
July 24a
July
1 Holders of rec. July
■18 July
1 July
15 July
12
18
1
to
to
to
1 Holders of rec.
1 Holders of rec.
July
15 Holders of rec. June26a
15 .Holders of rec. June 30
15 Holders of rec. June 30
le
July
15 Holders of rec. July
,7a
XX
July
15 Holders of
July
8a
1 Holders of rec. July
19
Aug.
rec.
XX
July
31 Holders of rec. Julyl5a
2
July
31
xx
July
31 Hoiders of
75c.
July
15 Holders of rec. June 30
15 Holders of rec. June 30
87 Xc. July
50c.
July
Holders of rec. July 15a
rec.
JulylSa
28 Holders of rec. July
1
July
12
15
Wells, Fargo & Co
Western Union Telegraph
(qu.) (No. 177)
Westinghouse Air Brake (quar.)
Extra
—
Westinghouse Elec. & Mfg., com.
Preferred (quar.)
(quar.).
—
pref. (quar.)
(J. G.) Engineering Corp.,pf.(No.l)
(J. G.) Management Corp. (No. 1).
White (J. G.) Co., Inc.,
(quar.)
2
July
15 July
XX
July
24 Holders of rec. June
5
(qu.)(No.71)
(Chas.) Co., 1st and 2d pref. (qu.)..
July
July 15
15 July
4
to
15 Holders of rec. June20a
H
July
to
30
15 Holders of rec. June30a
2
July
2
July
15 Holders of rec. June30a
1
July
30 Holders of rec. June30a
XX
xx
July
15 Holders of rec. June30a
Aug.
1
July
(J)
Sept.
1
Aug. 20
u)
Sept.
1
Aug. 20
xx, Sept.
1 Holders of rec. Aug.
21
9
Holders of rec. June 30
xx
Second preferred
15 Holders of rec. June30a
3
White
No. 4
20 Holders of
July
to
3
White
Holders of Coup.
July
July
6
Aug. 30 Holders of
July 15 Holders of
7
July
15 July
(quar.)
Realty Associates (No. 21)
Iteece Buttonhole Mach. (qu.) (No. 109) —
Rhode Isld. Perk. Horseshoe, pref. (quar.)
6
July
15
July
reo.
xx
Preferred
July
to
15
June25a
15 Holders of
5
Quaker Oats, common (quar.)
Holders of rec. July
XX
1st pref. (quar.)__
(extra)
(quar.)
Second preferred (extra)
Bell Telephone of Canada (quar.)
Bell Telephone of Pennsylvania (quar.)__
First preferred
Chicago Pneumatic Tool (quar.)
Claflin (H. B.), common (quar.)
JulylOa
JulylOa
July 31
xx
Associated Merchants,
(quar.)____._
Central Coal A Coke, common (quar.)—
15
June 30
July
June 24
Anglo-Amer. Oil, Ltd
Associated Gas A Elec., pref. (quar.)
Canadian Car A Fdy., pref.
19
Aug.
July
July
July
1 Holders of rec
2
Utah Consolidated Mining
xx
rec.
to
XX
XX
Virginia-Carolina Chem., pf.
Holders of rec.
16
10
Public Service Co,of Nor. 111., com.
21
Aug.
1 July
Aug.
2
31
XX
to
21 Holders of rec.
July
xx
(quar.)
_—
In com. stock)
July
Holders of rec.
to
2X
Coke., pf. (qu.) (No. 14)
Procter & Gamble, common
July
Holders of rec.
20
1
July
50c.
preferred (quar.)
Pacific Telep. & Teleg.,
to
July
31 July
20 July
Aug. 30 Holders of
1
Penman's, Ltd., common (quar.)
Preferred (quar.)__
_
.
Pennsylvania Lighting, pref. (quar.)
Pennsylvania Salt Mfg. (quar.)
Pittsburgh Coal, pref. (quar.)____
to
July
July
July
xx
8
XX
1 Holders of rec.
2
(juar
17
X
1 Holders of rec.
1 Holders of rec.
Aug.
2X
Second preferred (quar.)
17
Holders of rec.
Aug.
1
Pacific Coast Co., com. (quar.)
July
2
2
1
2a
July 15
July 15
July21a
July 31
July 17
July 31a
July 10
Aug.
1
July 19a
Sept.
xx
_____
July
XX
Typefounders, com. (quar.)
Preferred (quar.)
Amer. Utilities, pref. (quar.) (No. 6)
American Woolen, pref. (quar.) (No. 67)_
Preferred
July
to
to
to
2X
Aug.
1
15
15
Aug.
xx
Ltd—
Nova Scotia Steel & Coal, Ltd., com. (qu.)
Preferred (quar.)—
1_________
Osceola Consolidated Mining (quar.)„_
Otis Elevator, common (quar.)
July
July
July
15 Holders of rec. July
X
_
Aug.
XX
1
Aug.
2X
Northern Ontario Light & Power-,
to
1
Amer.
Preferred
14
4
(quar.)
American Shipbuilding, pref. (quar.)
Amer. Telephone A Telegraph (quar.)
2 Aug.
Sept
July
Aug.
.2
■2X
pref. (quar.)
New York Transit (quar.)
Niagara Falls Power (quar.)___.
Nipissing Mines Co. (quar
XX
Preferred
15 Holders of rec. June25a
XX
2Xf
(quar.)__
Amer. Pipe & Constr. Securities Co., pref..
American Seeding Machine, com. (quar.)
Terminal, common
JulylSa
July 15
July
5
rec.
XX
National Fireproofing,
31
June23a
to
25
15 Holders of rec. June25a
15 July
July
1
to
1 Holders of rec. July
XX
in common
(quar.)
American Locomotive, preferred
Bush
5
2
(quar.)...
___ — ____
Agric. Chem., comJ. (qu.) (No. 7) —
Preferred (quar.) (No. 32)
Alliance Realty
July
15 Holders of rec. July
July
July
$3
Shawlnlgan Water & Power (quar.)
Silversmiths Company, (quar.)
W.
10
15
July
Securities Company
On dem Holders of
20
—
July
July
1
Aug.
X Xo Aug.
Julyl5a
July
Aug. 11a
to
July
2X
—
Julyl5a
to
4
50c.
—
of rec
1 July 22
15 July
xx
(quar.)..
Holders of rec
Aug.
rec.
19 Holders of rec.
July
Aug. 15 Holders of
xx
„
:______
Fire Insurance.
Aug. 13 Holders of
July
XX
-
Holders
te
July 31
July 31
Julyl5a
to
to
1
X
_:
Aug.
9
to
15 Holders of rec, May 3 la
July
$4
Torrington Company, common
Companies
(quar.)...
'
2
(quar.)____
(quar.)
Massachusetts Ltg. Cos. (quar.) (No. 39)_
Mexican Lt. & Pow., Ltd., ordinary (qu.)
Mexican Petroleum, preferred (quar.)
Mexican Telegraph (quar.)
...
Miami Copper Co. (quar.) (No. 6)___
Montreal Iyight, Heat & Pow.,(qu.)(No.49)
Mountain States Tel p. & Telg. (quar.)—
National Biscuit, com, (quar.) (No. 60)—
National Carbon, common (quar.)___
la
"
American Chicle, common
1 Holders of ree
XX
Aug.
—
Home
Aug.
20
12
18
July
15 Holders of rec. June30a
5
XX
—_
Corp:, pref. (qdar.)__
XX
pref. (qu.) (No.13)
2
Manchester Trac., L, A Power (quar.) —
XX
Mexico Tramways (quar.)____^
xx
Milwaukee Elec. Ry. A Light, pref. (quar.)
2X
Montreal Tramways (quar.)—_—
2
New Hampshire Electric Rys........—:__
XX
Philadelphia Co., com. (quar.) (No. 127)
2X
Non-cumulative preferred
$2
Public Service Investment, com. (No. 8)__
SI.50
Preferred (quar.) (No. 17)——
___
1
Puget Sound Tr., L. A P.,com.(qu.) (No.4)
xx
Preferred (quar.) (No. 4)
3
Railway A Light Securities, com. (No. 8).
3
Preferred (No. 17)
—_—
I*
Republic Ry. A Lt., pref. (quar.) (No. 8).
50c
United Rys. A Elec. of Bait., com. (quar.)
2X
United Traction, Pittsburgh, preferred_____
XX
West Penn Traction, pref. (quar.) (No. 14)
(see no
West Penn Trac. & Water Power, pref...
Trust
1
15 Holders of rec. June30a
July
rec.
Holders of
3
Kentucky Securities
Broadway
1 July
Aug.
Aug.
15
X
•
Lewis. Aug. A Waterv.,
.
to
2
2
com.(qu.)
(quar.)
--Consolidated Traction of New Jersey
East St. Louis & Sub. Co., pf. (qu.) (No. 29)
El Paso Elec. Co., pref. (No. 22)
>___.
Internat. Trac/(Buff.), pref. (No. 2)
Jacksonville Traction, com. (qu.) (No. 10)
Preferred
"
1 July
Aug.
July 7a
July 7a
Julyl4a
July 31
July
Extra
Chicago Railways, par tic. certfs., Series X.
Cine. Newport A Cov. L. A Tr., com. (qu.)
Preferred (quar.)
—
Brooklyn City RR.
15 Holders of rec,
July
19
SI
Preferred
Bay State Street Ry., first preferred._____
Boston Suburban Elec. Cos.,'pref. (quar.)
July
Aug.
Preferred, (quar.)
of rec. June30a
rec.
15 Holders of rec
XX
Aug.26a
rec.
15 Holders of rec
2X
Preferred
June 20
3X
$1.50
Schuylkill Haven.,________
1 Holders of rec
Aug.
July
July
25
July 31a
July 15
July28a
2
14
July
Nashville Chattanooga & St.
N. Y. Central A Hudson
Mine Hill A
Holders of rec
June 30
Massachusetts Gas Co3., com.
Holders of
-
to
Manufacturers' Light & Heat
Aug.
July
$5
Mahoning Coal RR., common
Michigan Central. _;
14
July
to
16
1 Holders of rec
2X
xx
2X
XX
Co., 1st <fc 2d pref. (qu.)
La Belle Iron works, common (quar.)
La Rose Consolidated Mines (quar.)_____
Lehigh Coal <fc Nav. (quar.) (No. 139)
Lehigh Valley Coal Sales (quar.)
Loose-Wiles Biscuit, 2d pref. (qu.) (No. 5)
Lowdl Elec. Light (quar.) (No. 69)
Mac Andrews <fc Forbes, common (quar.)__
June27a
$2.50
rec.
_
June 30
15
xx
—;
_ _
15 Holders of rec
xx
(quar.)
Creek Coal, common (quar.)_
Common (extra)
15 June
1
10
la
JulylOa
25 July
30c.
Kayser (Julius) &
$1.25
Lehigh Valley, common and preferred
Little Schuylkill Nav., RR. A Coal—.—
Louisville A Nashville—
__
(quar.)
Jtriy
July
Sept
International Paper, pref.
14
5
June30a
July
July
2
of America...
July 21
July23a
July 7a
Julyl5a
31 Holders of rec
X
Internat.But'holeSew.Mach.(qu.) (No. 63)
Int. Harv. Co. of N. J.,com. (qu.) (No. 14)
Int. Harvester Corp., com. (qu.) (No. 2)._
International Nickel, common (quar.)
June30a
.
XX
Utilities, pref. (quar.)__
Pipe Line (quar.)
____
Indiana
.
rec
AUg.
xx
Illinois Northern
Holders of rec. July 18 a
to
5
Illinois Brick
1
1
11
15 Holders of
3
pref. (quar.)—...
Eureka Pipe Line (quar.)—
—
General Electric (quar.)
—
Oorham Manufacturing, com. (quar.).
Harbison-Walker Refrac., pref. (quar.)
Holders of reo. June30a
2
Preferred
rec.
Holders of
3
Battimore & Ohio, common
Holders of
Sept.
2X
(quar.)
<fc Santa Fe, pref. (No. 30).
Aug.
XX
preferred
Atch. Topeka «fe Santa Fe, common
Atch. Topeka
3X
xx
IX
Emerson-Brantingham,
Railroads (Steam).
Alabama Great Southern;
15
5
1
15 Holders of rec. June30a
2Xh July
Car Heating
ice,
Cuyahoga Telephone,
_
61912— 25,392,000 20,200,000 45,592,000
8 1911— 24,696,000 19,136,000 43,832,000
15 Holders of rec.
2
July
July
July
July
July
15 Holders of rec,
July
pref. (quar')
Consolidation Coal (quar.)
Corn Products Refg.. pref. (quar.)
Bushels.
Bushels.
1 Holders of rec,
Aug.
July
Total.
Continent.
Consolidated
Bushels.
xx
50c.
$1.25
Preferred (quar.)
/
'
Books Closed.
Days Inclusive.
(Concluded).
Commonwealth Edison (quar.)
Commonwealth Oas & Elec. Cos., com—
Corn.
When
Cent. Payable,
Company.
of
Name
xx
July
xx
July
July
July
July
1*
XX
Holders of rec. June
Holders of rec. June
Holders of rec. June
7
7
7
7
24
15
to
July
6
Holders of reo. June 30
Holders of rec. June30a
July
to
1
to
July
1
to
July 16
Holders of reo.
July
.
July
16
July
July
July
24
7
15
Woolworth (F.W.) Co., com.
a
e
Transfer books not closed for
Declared 4%
this dividend,
b Less Income tax. & Correction.
/ Payable in common stock.
payable in quarterly Installments.
Declared 5% payable In quarterly Installments,
h
July 15 1913 and 2X% Jan. 15 1914.
J At rate of
ending June 30 1913.
k Dividend reported in this
0
July 15 was an error.,
-
"
Auction Sales.—Among
not
,
Declared 5% payable 2X%
7% per annum for 5 months
column last week aa payable
"
other securities, the following,'
usually dealt in at the Stock Exchange, were
auction in New York, Boston
recently sold at
and Philadelphia:
CHRONICLE
THE
98
25 Long laid. Safe Dep. Co
108)4
100 Cuban Syndicate trustee ctfs. 10
100 Mutual Co-oper. Co., pref. 1 $125 lot
180 Mutual Co-oper. Co., com.j
Per cent.
Bonds.
$13,000 Detroit Tol. & Iron. Ry.
gen. lien & dlv. 1st 4s, June 1910
coupon on, certs, of deposit....
1
$1,750 Island Cities Realty Co. notes
with 35 sh. Bklyn. Bank as collat.$37
Trust Cos.
Average.
Brooklyn
Shares.
Bankers.
U.S.Mtge.&T.
$ per sh.
■
Astor
......80
„
Title Gu.&Tr.
Guaranty
Fidelity
LawyersT.I.&T
....
Bjr Messrs. Barnes & Lofland, Philadelphia:
$ per sh
5 Frank.
6 Pennsy. Co." for Ins. on Lives,
Ac
645
119 Rights to subscribe to Fhlla.
Co. for Guar. Mtges
50
1 Pa. Acad, of Fine Arts.
31
11 Real Est. Tr. Co., pref., $50
& S'wark Pass. Ry...364)4
8 Germantown Pass. Ry..
Bonds.
95)4-95)4
3 Home Life Ins. Co. of Am., $10
18
CoL-Knicker..
107)4-112
People's.
85)4
4 Keystone Watch Case Co
6 Phila. Bourse, pref., $25 each.
each.
each....
$ per sh.
Shares.
New York
15)4
Franklin
Per cent.
*
Loans.
Surplus.
00s omitted.
By Messrs. Francis Henshaw & Co., Boston:
10 Hamilton Manufacturing Co
xcvii.
DETAILED RETURNS OF TRUST COMPANIES*
By Messrs. Adrian H. Muller & Sons, New York:
Share*.
Per cent.
14 Syracuse Bing. & N. Y. Ry
251
[Vol.
.....
Lincoln
$1,000 Springfield Water Co. 5s, '26 93H
$1,000 No. Spring. Wat, Co. 5s, *28 93)4
$40,000 U. S. Lead Corp. 1st s. f.
5s, 1931, Jan. 1910 coup. on_.$400 lot
;.
Metropolitan
Broadway
.
On Dep.
Legals. withC.H.
Specie.
Average. Average. Batiks.
Net
Deposits.
Average.
Reserve.
$
$
$
%
$
%
%
3,571,6 23,366,0 2,011,0
670,0 2,559,0 17,580,0 15.2+12.6
14,874,3 114,521,0 13,139,0
338,0 17,130,0 89,486,0 15.0+16.0
4,455,2 34,696,0 4,104,0
332,0 5,081,0 29,582,0 15.0+14.4
1,208,4 18,706,0 1,829,0
31,0 1,689,0 13,008,0 14.2+10.3
11.355.1 34,343,0 2,082:0 1*094,0 3,086,0 20,641,0 15.3+12.9
23,863,5 160,528,0 15,020,0 a-,118,0 20,577,0 107,140,0 15.0+16.1
7,442,0
1,324,0
596,0
257,0
823.0
5,651,0 15.0 + 11.4
5,776,2 16,680,0 1,331,0
382,0 1,420,0 10,896,0 15.7+11.4
7.165.4 46,537,0 4,924,0
740,0 5,850,0 37,186,0 15.2+13.6
1.529.5 15,440,0 1,765,0
387,0 1,994,0 14,263,0 15.0+12.0
339,0 6,001,0 28,375,0 15.0+17.4
11.939.2 42,452,0 3,907,0
970,0
8,726,0
160,0 1,000,0
1,180,5
6,895,0 16.2 + 12.6
512,1 10,234,0 1,100,0
223,0
965,0
8,803,0 15.0+ 9.8
6,114,0 21,916,0 1,942,0
9,0 2,504,0 12,662,0 15.4+16.5
656,3 11,753,0 1,209,0
507,0 1,438,0 11,431,0 15.0 + 11.1
Totals, average 95,425,2 567,340,0 55,929,0
6,577,0 72,017,0 413,699,0 15.1 + 14.8
Actual figures
By Messrs. Samuel T. Freeman & Co., Philadelphia:
6,418,0 72,458,0 407,777,0 15.1 + 15.0
July 6- 561,667,0 55,662,0
$ t>er sh.
Shares.
...110
1 Haddington Tit. & Tr. Co
The capital of the trust companies Is as follows: Brooklyn, $1,500,000;
Bankers,
$10,000,000; United States Mortgage & Trust, $2,000,000; Astor, $1,250,000; Title
Guarantee & Trust, $5,000,000;
Guaranty, $10,000,000; Fidelity, $1,000,000;
Lawyers' Title Insurance & Trust, $4,000,000; Columbia-Knickerbocker, $2,000,000;
People's, $1,000,000; New York, $3,000,000; Franklin, $1,000,000; Lincoln, $1,000,000; Metropolitan, $2,000,000; Broadway, $1,000,000; total, $45,750,000.
clearings for the week
ending July 5 at Canadian cities, in comparison with the same
week of 1912, show a decrease in the aggregate of 7.8%.
Canadian Bank Clearings.—The
Week
SUMMARY COVERING BOTH BANKS AND TRUST COMPANIES.
ending July 5.
Clearings at—
Inc. or
Canada—
*
Toronto
...
Winnipeg
Vancouver
...
Ottawa
Quebec
Halifax
Hamilton
...
John
St.
London
Calgary
Victoria.
Edmonton
Regina
Brandon
...
Saskatoon....
Moose Jaw
Lethbridge
Brantford
William
Fort
New Westminster
Medicine Hat.
$
$
.
Montreal
—13.2
48,642,646
46,337,672
21*489,938
10,559,886
4,653,955
3,251,123
2,056,125
2,995,841
1,561,461
1,654,168
4,028,893
2,669,366
1,995,219
1,337,610
607,379
1,076,942
796,641
583,849
635,568
—15.9
+ 11.8
—6.8
—21.4
—19.4
+ 5.6
—9.2
4.2
—0.3
—14.0
+ 15.7
+66.4
+ 37.4
+ 18.0
—24.5
—18.8
+ 5.3
+ 0.1
,
$
$
%
48,911,798 56,344,502
39,824,255 47,366,132
26,807,036 23,984,168
11,472,928 12,306,334
4,473,367
3,514,643
4,064,446
3,277,297
1,931,624
2,039,913
4,083,724
3,706,331
1,458,926
1,397,474
1,528^985
1,524,034
4,587,362
3,944,808
3,100,192.
3,586,041
2.272,376 i
3,782,834
1,622,240
2,091,072
639,347
524,216
1,910,863
1,442,033
,899,208
1,107,861
462,031
437,561
627,369
527,953
952,456
659,351
454,891 Not lncl. in
488,471 Not lncl. in
Week
1910.
1911.
Dec.
1912.
1913.
43,169,622
39,408,583
17,333,134
8,172,672
4,051,309
ending
July 5.
...
160,663,881 174,331,289
72,017,0 1,792,065.0
..
The
--—
State
—7.8 156,940,282
1,922,530,0j344,466,0
79,412,0
banks and trust
These returns
the whole
cover
72,458",0
413,599,0
1,371,021,0
407,777,0
72,458,0 1,778,798,0
furnishes
weekly
companies under its
all the institutions of this class
State, but the figures "are compiled
York) and those for the rest of the State,
132,565,645
following:
Statement of New York City Clearing-House Banks
and Trust Companies.—The detailed statement below
so
to
as
as per
the
.> ; '
:
For definitions and rules under which the various items
are
shows the condition of the New York
City Clearing-House
members for the week ending July 5.
The figures for the
separate banks are the averages of the daily results.
In
the case of the totals, actual figures at the end of the week
are also given.
i
'
made up,.see
1,378,466,0
distinguish between the results for New York City (Greater
:v'v"" '
For definitions and rules under which the various items
6,418,0
Banking Department also
of the State
charge.
v
$
81,071,0
j,927,566,0*352,059,0
661,667,0| 55,662,0
total.
$
72,017,6
Trust cos.
in
Deposits.
1>360,863,0 288,804,0 72,994,0
Total
Net
Banks.
$
$
C.H.
with
179,400,0 302,648,4
Total..
......
On Dep.
;>YLegal
74,494,0
6,577,0
........
total.
$
Banks
returns
+ 44:4
t
$
Actual.
2,371,846
2,329,989
1,758,441
1,635,131
2,903,634
3,575,902
1,307,258
1,048,972
558,992
Specie.
133,650,0 207,223,2 1,300,226,0 296,130,0
45,750,0 95,425,2
567,340,0 55,929,0
...
Trust cos.
2,940,160
Loans.
Surplus.
Tenders.
Averages.
Banks
New
Total Canada.
Capital.
made up, see
"Chronicle," V. 86,
STATE BANKS AND
State Batiks,
Week ended
p.
Trust Cos.
-
State Banks,
Trust Cos.
outside of
in
July 5.
316.
TRUST COMPANIES.
Greater N. Y. Greater N. Y. Greattr N.
outside
of
Y. Greater N. Y.
are
"Chronicle," V. 85, p. 836, in the case of the
p. 1607, in the case of the trust companies.
*
of June 4
22,850,000
65,900,000
*8,798,000
Surplus as of June 4
38,503,000
164,444,200
*12,932,285
*16,524,200
296,806,900 1,043,387,100
—277,900
—3,603,200
116,645,900
+93,300
176,034,000
343,214,600 1,149,076,200
+ 8,978,900
+2,946,100
122,629,500
+ 651,800
185,343,900
+ 1,960,600
130,729,600
—255,500
22,365,700
+441,500
+ 1,357,100
Capital
as
11,950,000
banks, and Y. 92,
DETAILED RETURNS OF BANKS.
>
We omit two ciphers (00) in all cases.
Loans and investments..
Change from last week.
'
—746,300
'
Banks.
.
Capital.
Surplus.
Loans,
Average.
00s omitted.
$
New York
2,000,0
Manhattan Co
2,050,0
2,000,0
6,000,0
1,500,0
25,000,0
Merchants'.^.
Meoh. & Met
America
-
City....
Chemical
Merchants' Ex
...
Butch.&Drov
Greenwich
American
...
Ex.
Commerce.
Pacific.
Chat. & Phen.
People's
....
Citizens' Cent.
......
Market AFult.
Metropolitan
.
Corn Exch...
Imp .>&Traders
Park
East
3,000,0
7.410.4
526.8
600,0
300,0
127,2
500,0
1.047.2
4.536.4
5,000,0
25,000,0 .16,526,4
975.4
500,0
2,250,0
1.342.5
200,0
475.5
3,000,0 14,536,6
2.294.8
2,550,0
466.9
1,000,0
1,000,0
1,925,2
1,817,2
2,000,0
5.908.0
3,000,0
7.900.9
1,500,0
5,000,0 14,134,6
•
...
Second
First
Irving
......
250,0
67,2
1,349,0
5.948.1
2.701.5
22.020.2
3,299,8
775.4
2,012,7
683,9
10,263,5
2.273.2
815.5
1.034.6
1,742,1
1,293,1
496,1
2.211.6
842,1
2,439,1
2,745,5
860.3
587,7
423.4
543,7
994,1
1.153.7
30,192,0
13,494,0
102,385,0
34,218,0
3,323,0
8,368,0
3,936,0
94,443,0
11,968,0
3,534,0
5,365,0
15,800,0
8,771,0
3,861,0
12,395,0
3,920,0
22,607,0
23,248,0
9,266,0
18,705,0
11,785,0
6,515,0
9,537,0
7,152,0
1,000,0
:..
10,000,0
4,000,0
N. Y. County.
German-Amer.
250,0
500,0
750,0
Bowery
_i
Chase
Fifth Avenue-
German Exch.
Germanla
Lincoln
Garfield
Fifth
Metropolis
...
West Side
Seaboard
Liberty
N.Y.Prod.Ex.
State
Security
Coal & Iron..
Union
20,682,0
32,450,0
21,592,0
56,186,0
24,467,0
201,271,0
28,455,0
6,594,0
2,109,0
9,032,0
43,195,0
129,987,0
4,757,0
18,929,0
2,048,0
75,588,0
22,566,0
10,912,0
9,21.4,0
12,700,0
49,424,0
25,643,0
86,288,0
5,000,0
River...
Fourth
Exch..
Nassau, Bklyn
5,000,0
100,0
200,0
200,0
1,000,0
1,000,0
250,0
1,000,0
200,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
Legals.
Average.
Average
$
$
4,280,1
'4,756,8
2.178.3
8.872.7
6.438.1
30.516.1
•
Hanover
Nassau
■
Specie.
$.
4,257.0
10,227,0
4,483,0
10,879,0
4,368,0
45,166,0
4,381,0
1;596,0
399,0
2,376,0
11,373,0
19,134,0
532,0
2,919,0
419,0
15,615,0
5,022,0
"1,556,0
1,674,0
3,017,0
9,022,0
3,509,0
20,941,0
312,0
6,626,0
2,945,0
28,500,0
6,679,0
807,0
1,245,0
819,0
25,754,0
2,644,0
556,0
1,199,0
4,620,0
1,986,0
308,0
1,905,0
797,0
5,618,0
5,458,0
2,384,0
5,427,0
2,418,0
1,116,0
1,987,0
1,256,0
.
NetDepos-
Re-
its, Aver,
serve.
,
$
781,0
1,595,0
1,396,0
2,959,0
1,873,0
6,184,0
1,737,0
138,0
65,0
180,0
2,190,0
9,140,0
696,0
1,541,0
153,0
5,606,0
617,0
1,387,0
691,0
232,0
6,726,0
2,264,0
2,053,0
$
.
18,469,0
39,150,0
22,219,0
53,048,0
26,0
20,590,800
—1,346,000
10,069,500
+317,400
Deposits..
24.8
26.9
,
....
Change from last week.
depositsj.._.
93,993,100
Change from last week.
+ 1,623,100
Reserve on
24,619,700
23.0
25.1
30.5
P* C. reserve
to
deposits.
Percentage last week..
16.6%
28.2%
28.0%
.
19.4%
16.9%
19.1%
14.4%
13.7%
26.5
27.9
23.8
+ Increase over last week.
—
Decrease from last week.
* As of March 7.
26.0
25.5
26.5
24.6
jyoje.—"Surplus" includes all undivided profits.
"Reserve on deposits" Includes
for both trust companies and State hanks, not only cash items but amounts due
from reserve agents.
Trust companies In New York State are required by law to
25.0
keep a reserve" proportionate to their deposits, the ratio varying according to lo¬
cation as shown below.
The percentage of reserve required is ..computed on the
26.5
25.3
aggregate of deposits, exclusive of moneys held
thirty days, and also exclusive of time deposits
25.7
represented by certificates, and also exclusive of deposits secured by bonds or
obligations of tpe State or City of New York, and exclusive of an amount equal to
the market value (not exceeding par) of bonds pr obligations of tbe State or City
of New York owned by the. bank or held in trust for It by any public department.
The State banks ate likewise required to keep a reserve varying, according to loca¬
tion, the reserve being computed on the whole amount of deposits exclusive of time
deposits not payable within thirty days, represented by certificates (according
to the amendment of 1910), and exclusive of deposits secured (according to amend¬
ment of 1911) by bonds or obligations of the City or State of New York, and ex¬
clusive of an amount equal to the market value (not exceeding par) of bonds or
obligations of the State or City of New York owned by the company or held In trust
for it by any public department.
25.9
123,0
22,783,0
89,181,0
1,622,0
1,940,0
31,184,0
27.4
162,0
1,382,0
30.8
3,137,0
12,818,0
96,809,0
35,009,0
77,0
622,0
212,0
6,076,0
1,105,0
266,0
255,0
828,0
282,0
646,0
1,034,0
310,0
1,990,0
1,014,0
322,0
388,0
1,152,0
433,0
350,0
184,0
3,454,0
253
8,105,0
3,727,0
110,658,0
13,436,0
3,438,0
6,092,0
17,733,0
8,868,0
4,030,0
12,028,0
4,500,0
26,784,0
25,471,0
10,741,0
23,783,0
14,079,0
1 6,397,0
9,539,0
5,658,0
23.0
26.8
25.2
28.0
27.6
28.7
27.9
23.9
30.0
Reserve
24.4
24.6
28.0
25.4
25.2
24.4
25.3
24.2
Required for Trust Companies
and
25.5
23.6
In trust and not payable within
not payable within thirty days,
—Trust Cos.—
23.8
—State Banks—
Total
Of
Total
Of
Reserve
State Banks.
which
Reserve
which
Required, in Cash. Required, in Cash.
Manhattan Borough
15%
15%
25%
15%
Brooklyn Borough (without branches In Manhat.) 15%
10%
20%
10%
Other Boroughs (without branches In Manhattan)15%
10%
15%
7)4 %
Brooklyn Borough, with branches In Manhattan. 15%
15%
20%
20%
Other Boroughs, with branches In Manhattan... 15%
15%
15%
15%
Cities of the first and second class
10%
5%
....
....
Cities of the third class and villages
..10%
3%
....
Elsewhere In State,—...
.....................
15%
6%
Location—
24.5
25.4
Totals,average 133,650,0 207,223,3 1360,226,0 296,130,0 74,494,0
1378,466,0
26.8
Actual figures JulyS.:.
263
Circulation.—On the basis of averages, circulation of national banks in the
Clear,
tag House amounted to $46,321,000, and according to actual figures was
$46,822,000
Legal-tender & bk. notes.
Change from last week.
26.0
26.2
1360,863,0 288.804,0 72,994,011371,021,0
112,765,100
>-1.446,900
26.4
23,758,0
59,268,0
57,192,000
+ 1,903,000
%
27.2
30.1
197,418,0
24,636,0
6,447,0
2,012,0
10,171,0
44,363,0
106,510,0
4,392,0
18,709,0
2,200,0
83,016,0
21,217,0
11,938,0
9,104,0
12,994,0
Specie
Change from last week:
The Banking Department also undertakes to present sepa¬
rate
trust
figures indicating the totals for the State banks and
companies in Greater New York not in the Clearing-
House.
These figures
also the results
are
shown In the table below,
as are
(both actual and average) for the Clearing-
JULY 12
Members.
State Banks
Clear .-House
Clear .-House
July 5—
Week ended
179,400,000
1,927,566,000
+25,190,000
Change
1,778,798,000
week —13,4)03,000
1,792,065,000
+ 22,299,000
week
344,466,000
—12,969,000
352,059,000
—5,828,000
week
79,412.000
—4,668,000
vault..
361,798,000
Deposits
Change from last
Specie
...—
Change from last
Legal-tenders
Change from last
May
June
June
14.
June
21.
June
378,244,500
28.
+25,650,300
May
May
417,144,300
—6,294,700
June
21.
28.
81,071,000
—4,742,000
67,488,900
—69,000
88,559,900
—r-4,811,000
370,624,000
12,271,000
382,895,000
June
60,303,200
423,878,000
-17.637,000
433,130,000
—10,570,000
72,574,200
—535,700
trust cos.
72,458,000
week
+ 1,409,000
72,017,000
+ 3,551,000
17,528,200
+ 1,297,400
505,147,000
—7,019,000
90,102,400
+ 761,700
other bks. <fe
"Deposits" now include
reported on July 5 as
595,249,400
—6,257,300
deposit with
Change from last
496,336,000
—16,228,000
Total reserve
Change from last
week
913,450
466,150
19,956,200
Change from last week —15,316,050
26,473,650
—16,184,550
,1-11.-1
15.19%
15.11%
14.83%
1.30%
29.94%
+ Increase over last
...
"
—Decrease from last,week.
week.
Jan.
—
$2,021,471
12,216,802
$15,745,409
$14,238,273
$16,110,815
$74,135,862
447,710,810
$72,211,417
377,304,385
$82,627,618
410,609,371
$511,207,790($521,846,672 $449,515,802^1493,236,989
mmm
m
following is
statement ofThe exports
a
specie) from the port of New York to foreign
week ending July 5 and from Jan. 1 to date:
.
(exclusive of
ports for the
EXPORTS FROM NEW YORK.
.
These are the
Previously reported
Clearing-House banks
the State banks
and trust companies in Greater New York
outside of the
Clearing House, compare as follows for a series of weeks past:
of the New* York City
The averages
and trust
companies, combined with those for
'
omit
Mo
ciphers
in
TolMoney
May
May
May
June
June
June
June
July
IMPORTS OF SPECIE AT
NEW YORK.
Legals.
Holdings.
onDeposit
$
$
s
%
$
2.50+421,3
2,350.925,9
2,341,555,2
2.336.385.2
2.338.227.3
2,330,812,1
2.329.259.1
2.318.894.4
2,318,877,0
2.324.559.2
2,352,237,2
401.590.5
401.512.3
404.988.4
405,887,1
406,538.7
406,622,4
Imports.
Exports.
EntireRcs.
Specie.
$
May
$489,358,992^435,288,569
The following table shows the exports and imports of
specie at the port of New York for the week ending July 5
and since Jan. 1 1913, and for the corresponding periods in
EXPORTS AND
Deposits.
Ldans and
May
•''■
i
326,321,427
$405,166,063 $336,458,381
all these figures.
Investments
Week Ended—
'
.
.
We
•"
—
$10,136,954
1912 and 1911:
COMPANIES IN
RESULTS OF BANKS AND TRUST
GREATER NEW YORK.
COMBINED
Total 27 weeks—^
$10,392,966
394,773,097
$9,939,416
425,349,153
$11,776,681
477,582,311
For the week..
1910.
1911.
1912.
1913,
In
•
$2,490,130
13,255,279
$2,938,823
13,171,992
1.
Total 27 weeks
.
1910.
1911.
1912.
$13,505,621
—-
Since
deposits after eliminating the Item "Due from reserve depositories
and other banks and trust companies in New York City"; with this item Included,
deposits amounted to $635,587,200, an increase of $5,900,700 over last week.
the case of the Clearing-House members, the deposits are "legal net deposits" both
for the average and the actual figures.
6 Includes bank notes.
a
NEW YORK.
$77,306,0/5
433,901,715
TotalDry Goods
General Merchandise..
The
30.27%
Total
also
$2,089,753
11,415,868
Goods
Merchandise
General
'
mi*.
for the Week.—The following are
1913.
For Week.
17.33%
bks.
$19,530,000.
FOREIGN IMPORTS AT
16.03%
15.08%
Cash on dep. with
Clearing House," which
the Item of "Exchanges for
'
ust cos—
% of cash reserves of tr
Cash in vault.——*—
89,412,0
89,151,0
New York for the week ending July 5;
since the beginning of the first week in January:
totals
■
/Total..
90,394,0
Imports and Exports
26,0Q7,500
19,042,750
11,570,0 157,436,8
11,518,0 153,701,8
11,418,0 139,169,7
11,323,0 225,062,1
*418,769,0 11,316,0 170.199.6
*415,169,0 11,246,0 160,630,1
*414,948,0 11,251,0 161.405.3
*419,892,0 11,250,0 175.479.7
*419,351,0
*415.497,0
*423.531,0
*427,133,0
the imports at
Dry
Surplus CASH reserve
Banks (above 25%) ..
Trust cos.(above 15%)
270,663,0
3,481,0
deposits amounted to
were
89,545,200
+ 4,848,400
Aggr'te money holdings
Change from last week
267,443,0
263,335,0
4,262,0
June 28.
505,704,200
—11,105,700
157.694.ft
139,005.2
7,946,0 110,791,1
7,956,0 160.476.7
7,966.0 154.167.8
7,952,0 137.795.1
8,094,0 131.285.2
8,609,0 157,938,4
7,937,0
deposits and the item "due to other banks." At Boston
$1,723,000 on July 5, against $1,609,000 on
Includes Government
Government
122,809,200
•
Money on
5.
July
13.69%
62,506,000
7.
June
*
cash In vault
103,684.3 374.488,0
103.684,3 377,396,0
103,684,3 377,565,0
103.684,3 376.238.0
103,684,3 374.903,0
103,684,3 375,360,0
103,684,3 376,195,0
14.
June
62,080,000
Ratio to deposits....
Trust cos.;
17.
24.
31.
May
65,085,300
—-466,700
26.88%
3,993,0
4,184,0
4,587,0
93,136,0
91,690,0
92,218,0
93,402,0
91,611,0
374.972,0
103.684.3
a560,172,200' 2,352,237,200
+ 27,678,000
+ 5,379,000,
26.38%
3,845,0
Phila.
a
Banks: cash In
5.
July
2,481,840,300
+460,300
7.
$
$
7,973,0
267,028,0
264,041,0
260,936,0
275,708,0
271,593,0
4,028,0
3,846,0
Clearings
lation.
$
$
$
$
60,735.4 225,081,0 26,502,0
60,735,4 224,541.0 27,482,0
60,735,4 226,410,0 26,029,0
60,735,4 230,667,0 26.284,0
60,735.4 228.794,0 26,991,0
60,735,4 226,011,0 27,113,0
60,735,4 226,770,0 26,596,0
60,735,4 227,086,0 25,157,0
17.
24.
31-
Circu¬
Deposits.
a
$
Boston
May
$
554,274,300
,
Legals.
Specie.
Loans.
and
May
206,950,000
75,596,100
investments 1,922,530,000
—127,000
from last week
Loans and
& Trust
Average.
$
302,648,400
4_._
Cos.
27,550,000
302,648,400
Surplus as of June
Cdpital
Surplus.
.
179,400,000
(00) in all these figures.
We omit two ciphers
Banks.
Banks
Aver.
in C.-H.
Average.
$
Capital as of June 4—
and
Total of all
and
Trust Cos. Not
Members.
.
ActualFigures
totals of the Clearing-House banks of Boston
Philadelphia:
of the weekly
TRUST COMPANIES.
CITY BANKS AND
NEW YORK
and Philadelphia Banks.—Below is a summary
Boston
In addition, we have
combined each corresponding item in the two statements,
thus affording an aggregate for the whole of the banks and
trust companies in the Greater New York. >
trust companies.
House banks and
99
CHRONICLE
THE
1913.]
3
10
17.—
24.—.
31
2,499,449,9
2,487,476,8
2.487.401.3
2,478,544,0
2.479,212,8
7
14—— 2,460,968,5
2.449.301.4
21
2,456,190.0
28
2,481,840,3
j5
413.226.6
420,990,1
423,439,0
417,144,3
88,316,0
88,407,7
90,626,3
92.800.2
93.010.3
91,574,2
91,897,6
92,732,2
93,370,9
88,559,9
489.906.5
489,920,0
495,614,7
498,777,3
499.549,0
498.196.6
505.124.2
513.722.3
516,809,9
505,704,2
566,801,9
562.562.2
570.569.6
568.851.3
Gold.
Since Jan. 1
Britain
Great
France
$35,439,541
■
714,000
223,651
6,171
22,322,639
Germany
$100
West Indies
571.814.4
Mexico.
569,830,2
South
573,727,0
All other countries.
697.360.5
601.506.7
595,249,4
Week.
Since Jan. X
Week.
—
America
$5,493
120,135
139,012
24,291
1,479,880
$288,931
365,968
$100 $60,184,882
Total 1913—_
29,653,222
2,650.533
2,191,869
:
19,725
Total 1912—
Total 1911
'
98,088
Silver.
Banks.—The follow¬
ing is the statement of condition of the clearing non-member
banks for the week ending July
5, based on average daily
Clearing Non-Member
Reports of
results:
>
■
'■
551
l.
$102
148,947
"""3,950
3,450
1,200
42,435
$702,782 $26,567,617
1,315,434 27,669,720
1,068,391 25,968,953
$194,934
America..:
All other countries...
Tender
Total 1913
Total 1912. j.
On
Legal
Total 1911_j
Deposit
Sur¬
and
with
plus.
Invest¬
Bank
C.-Hi
Dcsposits.
ments.
Notes.
Banks.
77,559
41,809
82,792
2,537,947
1,287,602
793,095
$4,781,753
5,390,210
4,276,113
Net
Capi¬
tal.
Specie.
and
'
'Of the above imports
American gold coin
New. York
"34,057
(00) in all these figures.
Loans,
Disc'ts
Banks.
12,469
•
Mexico
South
' S:
* '•>
We omit two ciphers
Germany
West Indies
$9,586,612
12,219,814
7,535,803
$13,983
53,865
$622,818 $23,114,875
3,413,535
79,413
Britain..
Great
France
$47,821
109,621
2,944
526.740
5,948,539
1,964,096
986,751
$7,175 wer
American silver coin.
for the week in, 1913,
and
Cityi
Manhattan and Bronx.
Heights.
Battery Park Nat——
Washington
Oentury.
Colonial
...
Columbia
Fidelity
Mount Morris
Mutual
Netherland
rwenty-thlrd Ward—
New
STorkville
656,3
1,635,0
1,568,0
6,293,0
6,539,0
767,6
5,815,0
173.5
334.3
1,051,0
2,218.0
470.4
5,121,0
300.6
104.4
489,3
3,320,0
1,962,0
4,209,0
156,0
293,0
690,0
960,0
531,0
53,0
368,0
551,0
379,0
215,0
100,0
200,0
500,0
400,0
300,0
200,0
250,0
200,0
200,0
200,0
100,0
349.7
119,9
511,3
300,0
326,0
701.6 3,745,0
391,0
944.3 5,497,0
592,9 10,141,0 1,393,0
496,0
585.5 4,438,0
184,0
177.6 2,323,0
590,0
Brooklyn.
National
_\„
Manufacturers' Nat..
First
Mechanics'
National City
North Side
Jersey City.
252,0
1— 1,000,0
300,0
—
200,0
106,0
56,0
188,0
148,0
T,393,0
1,626,0
356,0
483,0
239,0
446,0
111,0
46,0
374,0
995,0
637,0
178,0
358,0
705,0
395,0
294,0
662,0
6,085,0
6,678,0
6,406,0
984,0
125,0
66,0
197,0
54,0
232,0
438,0
126,0
125,0
2,463,0
5,248,0
3,484,0
2,071,0
4,602,0
3,001,0
4,805,0
12,130,0
4,580,0
2,359,0
708,0
742,0
1,948,0
860,0
465,0
v
First National
3udson\County Nat.
rhlrd National
1_
400,0
250,0
200,0
283,0
196,0
103,0
248,0
57,0
132,0
682.4
4,264,0
283.7
3,313,0
165;0
192,0
62,0
50,0
613,0
432,0.
Hoboken.
National- .-—3econd National..—.
First
Totals July
5
Totals June 28
Totals June 21
220,0
125,0
751,0
923,0
6,097,0 10,908,0 83,402,0 8,515,0 3,646,0 15,823,0
6,097,0 10,908,0 84,506,0 8,958,0 3,714,0; 12,449,0
6,097,0. 10,908,0 84,936,0 8,863,0:3,931,0.12,434,0
Ifiaanxial.
Stocks
115 Issues of Listed
classified by us as follows:
Investment,!;SemiInvestment, Speculative.
Investors interested In stocks can obtain
a
copy of this circular free of charge by sending for Circular 614,
"Railroad and Industrial Stocks."
The
issues
are
Spencer Trask & Co,
43
EXCHANGE PLACE—NEW
YORK
Chicago
Boston
Albany
I
3,318,0
1,532,0
1,131,0
3,338,0
826.8
431.7
4,408,0
3,253,0
2,289,0
1,404,2
ami
.
White, Weld & Co.
1,494,0
1,450,0
76,840,0
78,667,0
78.559,0
m
Bonds and
14 WALL
NEW
STREET
YORK
Investment Securities.
THE ROOKERY
CHICAGO
111 DEVONSHIRE STREET
BOSTON
100
THE
Exchange
iawfejers'
The
ment
on
and
Financial
little, if
Exchange circles
of
gold-export
favorable character.
a
It
consists mainly
report relating to
a
Such
of
that
news
that the
will be
ment
has ceased and official
as
to preserve
On the other
with
hand,
The
of
news
of
crop
assur¬
of
the
known, is
forced and not
a
idle freight
covered
when
The
compared with
U.
S.
Steel
about the
A
seen
natural one.
The number of
was
a
normal
reduction
Corporation's unfilled
about 517,000 tons
was
a
slightly reduced during the fortnight
by the report just given out, but seems trifling
cars
orders
during June, but the
same as
in 1912 and much
good barometer of
current Stock
in the latest market prices for
an
this
at
total
season.
decreased
on
July 1st
larger than in 1911.
Exchange business is
Exchange membership.
$38,000, the lowest
A sale has been reported this week at
since
1900,
against $95,000 in 1906.
as
The Bank of
of
England's weekly report shows
restored to
reserve
a
percentage
fractionally above 50, but the
of France shows loans and note circulation
Bank
largely in
excess
of those
of last year and it is
again, as referred to above
offering special inducements for gold shipments from here.
-The open market rate for call loans at the
Stock
during the week
from
1
on
% @2 % %.
Friday 's rates
Commercial paper
on
call
Friday quoted
on
2
% @2 % %.
5% @6% for 60
were
at
to
90-day .endorsements and prime 4 to 6 months'
single
names and 6%
@6%% for good single names.
The
.
Bank
showed
of
England weekly
statement
on
Thursday
increase in bullion of
£343,640, and the percentage
of reserve to liabilities was
50.59, against 42.14 last week.
The rate of discount remains
unchanged at 4%%, as fixed
April 17.
The Bank of France shows a decrease of
an
7,$52,000
"
NEW YORK
.
francs silver.
New York Central and Lake
Shore coll. 3%s have been
more active than
usual, and are one of the few
issues which show a fractional
net gain
during the week.
Union Pacific 1st 4s are also
higher at the close.
somewhat
United States Bonds.—Sales of
the Board include
at
week
July 5.
Capital-.—..
Surplus-——...
Differences.
ending
from
following.
,
tions
having been alpaost wholly professional.
In to-day's
only about 64,000 shares were traded in—the smallest,
market
total
in
something like
-
&
down nearly 3 and Union Pacific, Southern
370,624,O00jDec.
9,718,000
5,674,250
364,554,000
364,767,000
369,385,000
359,991,250
26,007 ,-5001Dec. 15,392,250
Def.213,000
9,393,750
344,616,500,Inc.
Surplus reserve.—.
Note;—The Clearing House now issues a
statement weekly,
showing the actual
on Saturday
morning, as well as the above
averages.1 The
figures, together with the returns of the separate banks and
trust companies, also
the summary issued by the State
Banking
condition of the banks
Department, giving the condition of
State banks and trust companies not
reporting to the Clearing House,
appear on
the second
page
preceding.
Foreign Exchange.—The market for
sterling exchange
has ruled quiet and rather easier
during the week.
Two
engagements of gold, aggregating
to Paris.
$5,000,000,
were
exported
To-day's (Friday's) actual rates for
sterling exchange were 48290@
4 8310 for sixty
days, 4 8680@4 8690 for cheques and
4 8735@4 8745
for
cables.
Commercial
on
banks 4 82@4 82 H
and
documents
for
payment 4 82)4 @4 83%.
Cotton for payment 4
82% @4 82% and grain
for payment 4
8335@4 8350.
The Posted rates for
sterling,
as
quoted by a representative
house, were
Germany bankers marks were
94%@94% for long and 95)6@95 3-16 less
Amsterdam bankers'
guilders were 40 >6 less
1-32(514014
^
1-32 for short.
for short.
Exchange at Paris
25f. 24c. low.
,
on
London, 25f. 25c.;
week's range 25f.
25%c. high
Pacific, Northern
Pacific and'New York Central about 2.
'
Of the industrial
a
list, American Tobacco is conspicuous for
Great Northern Ore is over 2 points
decline of 4 points.
lower,.
Otherwise this
group has been relatively steady,
daily volume of business see page 110.
The following sales have occurred this week of
shares not
represented in our detailed list on the pages which follow:
v
For
stocks.
Sales
..
Range for Week.
Carpet
..
Lowest.
300
300
5% July
14
July
500;160
July
1,415203
July
650| 30% July
100! 74
July
.
,
.
Gt Nor subs 60% paid—
■
300120
Homestake Mining..—
Int Agric Corp pref Vtc
Mexican Petroleum,.pref
100
Nashv Chatt & St Louis
100 137
Quicksilver Mining. —
100
—
100100)6
25
23
85)6
2%
Sloss-Sheffield S & I, pf.
200
90
United
100
Cigar Mfrs
United Dry Goods, pref.
600
41%
96%
U S industrial AlcoholVulcan Detlnning
;
100
29
320
12
110
56)6
Preferred..-.
Range since Jan. 1.
for
__
....
The shrinkage in
Among the exceptional features Canadian Pacific has led
a loss of 3
% points.
Chesapeake & Ohio is
er ex
133,650,000
131.650.000
134,150,O6O
207,223,200
195,518,500
200,877,300
Loans and discounts1,360,226,000 Inc. 29,633,000 1,427,921,000
1,410,274,000
Circulation
46,321,000 Dec.
726,000
46,264,000;
46,575,000
Net deposits
1,378,466,OOOlInc. 22,697,000 1,459,068,000
1,439,965,000
Specie
296,130,OQ0|Dec. 4,675,000 287.811.0001 293,362,000
Legal tenders
76,743,000
' 76,023,000
74,494,000|Dec. 5,043,000
25% of deposits
dozen years.
the decline in
week
...
Reserve held
a
values is, in most cases,
unimportant.
week
*
■
Stocks.—There has been
increase in the volume of business at
the Stock Exchange
and the market has shown a
tendency to weakness day by
day,
The latter has, however, no
significance, as little if
any real liquidation has taken place, the limited
transac¬
Averages, for
S
'
no
Can Pac subs 3d paid.—
Colorado & Southern¬
ending
duly 8.
98%; 15,(
at 112% to 113.
reg.,
Railroad and Miscellaneous
Allis-Chal recta 5tb paid
Prcf receipts 5th paid.
ending
July 6.
Government
coup., at
prices of all the different issues and for
yearly 'rang&lsl
page
1911.Averages for
previous week.
$1,000 2s,
99, and $20,000 4s,
American Express
Averages for
■
and Union Pacific issues have
been
Highest,
;
(Not Including Trust Companies.)
■
Ohio, Burlington & Quincy, Rock
•
Week.
CLEARING-HOUSE BANKS.
1912/
&
Island, Southern Pacific
Week ending July 11.
„
1913.
■
relatively activ|e.
1,765,000
francs gold and
95%.
...
Atchison, Baltimore
Exchange
stock and bond collaterals have
ranged
95 5-16
95%
unimportant.
year
demand for funds for
crop moving and other purposes
season.
Moreover the movement, as is well
a
95 3-16
■
more active than last
week, but is still very dull.
The transactions have included
only a few issues and prices
have generally declined.
Changes in value are, however,
beginning
incident to the
less 1-16
slightly
have steadily declined
are near
17)1
*'.•.■•
movement is looked upon
we
5
5 18 H
State and Railroad
Bonds.—Sales of State bonds at the
Board are limited to
$1,000 New York *4s, 1951, at
97%.
The market for
railway and industrial bonds has been
before Congress
disfavor than any of its
predecessors this
more
because it is well understood that
less 1-32
less 3-32
40% plus 1-16
40,3-16 plus 1-32
39% less 1-16
40% le
less 1-32
40 3-16 le
less 1-16
Domestic
Exchange.—Chicago, 20c. per $1,000 discount.
par.
St. Louis, 5c. per $1,000
Boston,
discount bid, 5c. premium
asked,
San Fran¬
cisco, 25c
per $1,000 premium,
Minneapolis, 60c. per $1,000 premium.
St. Paul, 60c. per
$1,000 premium.
Montreal, 62%c. premium.
Charlestan, buying, par; selling,
1-10% premium.
Cincinnati, par. ■■
Low for the week
a
negative type continues to
a
gold-export
new
94%
94 % „'
Amsterdam Bankers'Guilders—
High for the week
89%
since the bill became public.
predominate.
5 18
5 18
Low for the week
the market value of Govern¬
bonds—especially the 2s, which
Cables.
4 8745
Germany Bankers' Marks—
of reports that
now
20m. 47pf.
4 8730
High for the week
meagre.
Government
winter wheat,
Banking and Currency bill
amended
so
is, indeed, rather
of the
part
and
corn
and in
wages
Cheques.
(Jtieq
4 8695
4 8675
announce¬
large bank in Pittsburgh.
higher
range
High for the week
5 21% less 1-16
Low for the week ___5
21)6 less 1-16
Situation.—The
movement than in any news
fighting in the Balkan States
ance
London, 20m. 46)6pL; week's
Low for the week ___4
8290
Paris Bankers' Francs—
interest has been shown in
more
the Eastern trainmen's demand for
renewal of the
on
xcyii.
The range for
foreign exchange for the week follows:
affected by the
any,
Monday of the failure
In Stock
at Berlin
high, 20m. 45MPt. low.
(Sit&ette.
Street, Friday Night, July 11/1913.
Money Market
were
[Vol.
Sterling, Actual—
Sixty Days.
High for the week. __4 8320
Wall
security markets
CHRONICLE
—
Lowest.
|
Highest.
9
5% July 9
5% July
7%
7,14% July 7.1 12% June1 16%
7170
July 11 [159
Apr 170
9 207)6 July 10 203
July 213 •"
8
31
23 %
July 7
June) 33
8 74
July 8l 74
July! 77
9121
July 8,' 120
July 121
7 100)6 July
7 100
Mar 120)6
10 23
July 10f| 23
July! 90
7 85)6 July 7
85
June! 99%
7 137
July 7 132)6 June 170
8
2% July 8
2% June!
4%
7 90
88
July 7
Aprj 98'
9 41% July 9
40% June; 50)6
July
July
July
July
July
July
July
July
July 11 97
July 9 '29
July 11 13
July 9 56)6
July
July
July
July
May
May
Feb
June
Jan
Feb
July
Mar
Jan
Jan
Jan
Mi*y
Jan
Feb
9
96)6. July .105)6
Jan
9
25
June
44
Jan
9
12
21%
Jan
9
56)6
July
July
90
Jan
Outside
on a
small
Market.—Trading in outside securities continued
scale this week.
.Changes in prices generally were
fractional and in
the fore part of
the week in
a
downward
direction, though later the tone improved.
United Cigar
Stores com. weakened from 81 to
79%, recovered all the
loss, but closed to-day at 80%.
British-American Tobacco
declined from 22 % to 21 %, sold up to
22% and ends the week
at 22%.
Standard Oil of N. J. lost 3 points to 352, moved
back to 355, the final figure to-day
being 353. Anglo-Amer.
Oil dropped a point to 18% and recovered
finally to 19. In
bonds a transaction in the new American Can
deb. 5s was
recorded at 90%.
Brooklyn Rapid Transit 5% notes were
off from 94% to 94% and were traded in
finally at 94%.
Chicago Elevated 5% notes declined from 94 to 92%.
Cop¬
per shares were very dull.
Braden Copper improved from
6% to 6% and closed to-day at 6%,
British Columbia
Copper sold at 2%.
Greene Cananea moved down from 5
%
to 5%.
Goldfield Consolidated fluctuated between 1% and
1% and rested finally at 1 11-16.
Nipissing weakened from
8% to 8%.
Outside quotations will be found on
page 110.
"
101
Exchange—Stock Record, Daily, Weekly and Yearly
New York Stock
PAGES
OCCUPYING TWO
inactive, see preceding page
of stocks usually
For record of sales during: the week
Range
Monday
Tuesday
July 8
July 9
93
80
*78
96l4
97
97
•113
115
925,
*77
87i4
214l4 215U
214
1334
525s
*1212
80
♦79
86*4
86%
86%
2IH4 21134
211*8 213l2
208l2 2125s
31..
1334
29%
297g
102% 102%
102ig 102%
10is4 IO214.
1023s 10314
102i4 102S4
*132% 137
♦132*4 138
♦132
137
♦133
136
♦13214 136
127*4 12784
12712 127l2
128
128
12712 127*4
12778 128
*12
30
♦173
182
♦173
182
13*4
293s
30
182
♦173
46
♦173
182
•173
1384
*1212
30ig
*12ia
29lg
*40
♦40
46
♦40
46
♦40
50
*40
46
•94
100
*
*150
159
♦150
158
150
158
♦152~
158" ♦152" 158"
*
395
♦385
395
*392
395
15
16
♦
395
«
95
"IB"
16
*15%
1712
♦25
30
*25
27
*434
6i2
•♦484
12
•10
♦31
32i2
123
132i2
30
31*4
113
114ig
15
51434
55
*7i2
♦20
14514
130%
*125
24%
24%
37%
37*i
38lg
3812
*38
31
31
32
32
*30%
122*4 123
zl22
5334
2512
122
21
5912
30.3a
30
*35
♦12l2
13l2
97
97i4
♦33i2
1212
97
97'8
102% 102*4
85
*80
90
15612 15734
11034 111
*90
♦82
90
♦80
90
*80
90
*84
90
*84
94
♦84
15ig
2412
25i2
*1478
2484
15%
2434
90
♦84
5
16i2
7
634
•
*13*2
634
26
*25
26
65
*62
*18
18*4
6512
*17
*43
43%'
*43
5
*12
16i2
6
6U
♦17
21
*73
75
14
14%
14
14
*133g
31
*31
32
3012
*8
10
*7
9
7%
*15
21
,
19
33
'
6%
678
38
♦6
93
2U2
21%
*70
8U
.
283g
-
♦I6184
♦31
37%
284
500
684
710
284
§684
6358
46
80
46
♦4412
49
63%
*44%
49
93
*90
93
*90
22
22
♦21
♦70
80
♦70
2112
*70
2H2
80
66
•36
37
'
36
*9212
95
*92%
97
*3%
4
*312
*1712
20
*17
*21"
22%
*21
*8%
9l2
♦65
36,
*36
S6i2
96
♦92l2
8684
312
3i2
•33s
19i2
*1712
19%
*17l2
2278
*21,
22%
♦21
9
*8ig
23
*22
28
28
♦27U
103
.
*8lg
*22
29
*2712
101
101
101
100% 100*4
9
-
23l2
23
29
.
•100
69
«35%
2
00
""166
American Locomotive
preferred
American Malt Oorp
Do
preferred
Amar Smelters Sec pref B
Arner Smelting & Reftn'g
Do
preferred
102
400
*71S
8
8
8
50
♦47
60
100
•8OI4
*80i2
81
81
81
612
6134
6284
61*8
6H4
605g
61*g
61*4
62
99t2
99*4
99*8
99is
*145
165
•150
165
98*4
98*4
§9914
160
100
*99
BANKS AND
Ask
America 1
Amer
...
Exeh.J
Park
Battery
•26%
271*
100
27%
Bid
Bowerjil
Ask
170
175
147
153
165
Fidelity!
Fifth Ave!— [4250
390
218
222
Chelsea Ex?.
Chemical
120
130
CiUjena*
425
Bronx
Boro!
300
Bronx
Coal
Banks
A
Iron.
410
175
Fourth
Do
"
"266
Snuff
preferred,
Ask
J'ne 18
7% J'ne 4
45% J'nelO
79% J'no 12
58% J'ne 10
77
Feb
120
_
99% Fob
83% Deo
60% Not
Jan
,
8
3
Feb
28% Feb 10
20
Feb
84
4
18
Jan
Jan 31
Jan 31
Jan 6
Jan
9
Mch
30% May
17% Apr
30
Feb
6% Jan
27*4
11%
31%
44%
106*4
13
Apr
19% Aug
69% Aug
89% J'no >
434 Jan
42
74*4 Jan 30
Feb 7
Jan
84
.
Deo
66% Deo
102*8 Jan
107
9
193
Jan 22
123
100
J'ne
6
105
Jan 21
99
Feb
25
J'ne
0
26
Jan
Bid
Banks
Mt Morris
500
515
Mutual T
.....
3
Mcb
01
Sep
109% Sep
203% Deo
105
Aug
44*g Oo?
1.
...
Ask
225
250
Bid
Banks
385
325"
Irving
180
190
Nassau
195
200
Security !-
975
Liberty
620
635
New
210
225
Sherman
175
Lincoln
340
360
New York Oo
850
875
State!
New York
395
405
23d Ward!..
175
NethT
..
120
135
275
Manhattan 1
335
137
143
Mark A Fult.
230
240
Paoiflo t
255
265
Union
Exch.
155
German Ex !
400
415
Mech A Met-
230
240
Park
858
363
Wash H'ta !.
275
Germanlat
475
500
Merch
Exch-
150
155
People's !
240
250
Weetch
185
195
Prod Exch !_
165
170
West
340
355
Public^....,
250
290
Yorkvilla
180
190
Reserve....
87
90
Garfield
—
Corn Exch 5.
302
308
Gotham
170
Merchants'
650
Coamopol'n
^
00 c*
105
Greenwich T-
250
Hanover
340
Metropolis t_
Metropol'n !
555
asked]
:J
Av^j
160
Side!.
c
160
17i"
460
!
590
IKx-rights. § Less than 100 shares, estate banks,
Ex-div.
i Sxohaag? 8aIeVm thV* day*. jrcgfci—• JftnilMtallmnnt .paid. .ASoid at privateaaai* ^ A rights (New stock. i 4Ex 24% at
or at auqttan this
r
3
250
345
......
230
80
A*ft
430
Second
290
Seaboard..
170
035
T171% ri78%
Apr
47% Not
110% Aug
6
40% Feb
43
Sep
Jan
Jan
61% Jan
86
Jan
7% Sep
31% Feb
103
J'ly
ill
216
310
May
60% Deo
Germ-Amer !
165
450
Sep;
Feb
J'ne
97
290
Century !--
tna
J'ne 10
Bid
Chase
Bin
27
100
285
135"
TSale at «*fc>0k
96*4 Jan 10
Banks
130
River
67% Jan
93% J'ne 17
3% J'ly 9
15% J'nelO
17
J'ne 10
Harrlman
Dr
East
02*4 Oot
63% Mcfa
104% Mcb
05
78% Jan
Imp A Trad
175
Butch A
.....
new
Amer Steel Found (new)
150
Commerce
17% Oct
62% Aug
30% Oct
75% Aug
45% Jan
150
....
100 American
ISO
290
96% Deo
39% Deo
69% Deo 1
934 May
2278 Apr i
64% Mcb
11% Oot J
36% Oct
49
2
48*4 Jan
6% J'ne 10
20% J'ne 10
preferred
Do
Nat-
Colonial I
Columbia 5
170% Sep
300
First
355
160
910
Do
Linseed-...
Bryant Parkt
196
36
Apr!
111% Sep
950
Fifth
170
345
Cen
City
American Ice Securities
,
Sep ;
86% Oct :
26% NOT
49*4 Jan |
16% Mob
TRUST COMPANIES—BROKERS' QUOTATIONS.
Bid
575
9,100
61%
99%
Bank.
685
•
160
Chat & Phen.
New York
preferred
American
56% Jan
Mch
117
33% J'ne 12
American Hide & Leather
800
""loo
J'ne 10
60% J'ne 28
800
♦99
32
101% J'no
47% Oot j
126% Sep
63% Sep'
Nov
11% Feb
90% Feb
33% J'ly" 2
""600
•151
179% Apr
93% Apr
101% Apr
30% Apr
69% Apr
29% Mob
69% J&n1
43*4 Apr
40% Oot |
80% Oct V
27% Apr
56% J'no
115% Apr
115
129% Jan 30
36% J'nelO
preferred
Do
Mch
64% Deo
J'ly
46% Jan 31
108
"
*47l2
Bid
Do
86
J'nell
80% J'ne 10
preferred
400 American Cotton Oil
Do
preferred
""loo
9
Banks
72% May20
Can
1,400 American Car & Foundry
Do
100
preferred
..J.
American Cities.
81
♦261s
Do
1,750
Feb
117
40% Deo
6
50
2712
Feb
50% Jan
*7
100
60
21
*47
150
Feb
American
8
*99
48
24",230
81
•2612
Jan
68% Apr 23
'"360
50
150
Jan
6
Jan
98
8
27U
Jan
3
14
2
81
*2612
4
11
3
*47
*99
Deo
3
2
8
27%
Jan
Jan
82
100
8
28% Jan 13
l
J'nell
Jan
48*4
27%
12% J'ne
2
99
8
*99
384 J'ne
-
Jan
67
29%
605g
*98%
Feb
46
45
x44
8%
23%
*146
J'ly
80% Jan
4834
182
99U
57
Feb
02
131% Auf
126% May
111% Sep
Miscall.
*8%
29%
J'ly
40% J'nell
21
23
28
4
7% May 5
21
*100
88% Oct
13% Jan 14
8
3% May
20
30
150*4 Dec
63% Jan
J'nelO
13
*17
227g
8%
231g
101
384
Dec
103
92% J'no 3
1934 J'ne 10
97
*38g
Dec
Dec
61% J'ne lO
J'ne23
36%
*92%
,
3»4
19i2
J'ne
35% Jan
J'nell
32
Central
&
9
9
108% Jan 23
162*4 Jan
6
93% Jan
J'ne 11
6% J'ly
....
Jan
29*4 Jan
preferred.
American Beet Sugar....
Do
preferred
87
*65
97
*921X
3*4
*8%
preferred
Maryland
Wheeling & Lake,Erie...
Do
1st preferred
Do
2d preferred.
Western
Do
80
27%
41%
41%
108*4 10834
37%
♦33%
66
26
♦22
29
36
66
36
69
23
*
27%
28
273s
2714
26*g
64*8
637,
.87
87
.87
88
86I2
8714
8714
87U
41
41*4
41%
42
41%
41%
4134
4H2
♦10712 10934 *10712 109*4 *1077g 109i2 ♦10778 109*4
37i2
♦3314
37i2
*3314
37i2
3712
*3314
*33l4
,
Do
13
2
Jan
Feb
Jan
28
40% Jan
9
2
■/
Wabash
26%
68%
20%
8312
10%
81% Mch 26
4
Deo
18
44*4 Dec
103% Dec
22% Jan
30
preferred
Wisconsin
26% Dec
68% Jan
28% J an
7934 J'ne 10
16
J'nell
63,600 Amalgamated Copper
600 American Agricul Chem.
93
27*8
♦65
64
625s
2214
72i2
600
43
*90
*7.0
*65
8%
43
50
100
17
*6
8i2
175
5
*4%
*13
18
700
38
Do
17% Dec
110
15% J'ne 4
101% J'ne 6
13734 J'nell
Do
preferred.
United Rys Inv't of 8 F
Industrial
93
*2114
310
900
5
♦41
44
43
122",900
42% Dec
29*4 J an
10% J'ne
Pacific
Dec
22*8 Dec
58% Dec
27% J'ne 10
City Rapid Transit
92
Jan 11
19% J'ne 12
J'nelO
7% J'ly
Jan
Jan
Jan
J'ne
Feb 11
72
do
98%
108%
148%
87%
2
20*4 Apr 1
48% Jan 29
Jan 30
14% J'ne 10
J'ne 12
Third Avenue (N Y)—._
Union
119% Dec
35% Jan 13
75
Jan
9
89% J'nell
Pacific
41% Apr
29
J 'ne 12
Jan
71
119% Auf
J'ne
59
38
preferred
&
Texas
Twin
19
*36
65
47*4 Mob
86% Jan
121% Apr
142% Apr
115% Jan
6
7
92% Apr 10
95
Apr 10,
24% Feb 4
4434 Jan
2
19*4 Jan 11
5% J'ne 17
26
J'ne 4
preferred
Toledo St L & Western
Do
200
preferred
♦16
6i2
168% Jan
Apr
29% J'ne
J'ne25
100
66
J'ly
88
123'4 Jan
104
Jan 11
J'ne 25
12% J neio
20% J'ne 10
234 J ne 17
13
J'ne 28
300
103
144% 145
*81
8134
2i2
•6
8i2
500
'
'
21
3512
♦13
18
*6
47lg
27
2l2
6l2
""600
14%
9
122% Jan
Aug
31% Mob
tl0734 Feb
3
Feb 13
87
151% J'neio
86
J'ne 10
84
J'ne 10
preferred.
Do
32
*7
129% Jan 10
33% Jan 11
113% Jan
Mob
62% Oct
26% Oct
106% Dec
126
Deo
35
_
10934 Jan 30
86% J'neio
100
*
preferred
Do
75.
19
3512
♦414
6
*13
*90
80
27i8
♦4
6378
63i4
4612
50
•90
3U2
♦712
1834
278
8%
4712
♦43
64i2
6334
♦47
14%
*30i2
67g
38
18
♦6%
48
,
*2%
5
♦13
8%
*43
*73%
*13%
*30%
_
26,000 Southern Pacific Co
3,688 Southern v tr ctfs stmpd.
92
2034
75
♦1312
21
*614
*35i2
38
*4
18
*13
21
27% Jan
J'neio
82% Mch 17
101% J'ne 10
106% J'ne 4
Louis Southwestern
Do
""760
2034
9278
43% Jan
59
Mch
J'ne 27
Feb
25% Dec
67*8 May
64% Apr
Seaboard Air Line
18%
4134
205g
St
Aug
Jan
Jan
Aug
158
J'ne 10
'
100
4134
90%
913s
*74
1414
.31
8%
*15
234
634
2*4
6%
*35i2
4i2
4i2
*17
42
200
2d
170
128% Dec
18% J'ly
Feb
98
preferred
preferred
Do
1,440
•
Apr
May
185*4 J&b
Dec
1,100 Rock Island Company..
Do
preferred
1,140
1,700 St Louis & San Francisco
Do
1st preferi ed
100
66
.
234
234
*3512
18l2
42
*102
103*4
*10H2 103
143
1445g 146
144*8
1443g 145ig
8D4
81
81
8H4
§81
81
16%
17
17
16%
17U
18
37i2
32
32"
31*4
31*4 *31
,
18
*17
•
2d
18
40
155% Feb
138
Dec
146
-
6%
26%
*63
104
*102'
14434 14612
♦81
8134
321Z
•
75
31
*101*4 104
*25
66
92%
207g
20*4
*73
20
26i2
♦60
18l2
•
42l4,
91l2
♦25
4284
*63
9278
§21
75
.
6
2612
71
*25
""166
16
♦13%
preferred..,
J'ly
67% Oct
31% Sep
65% Mob
129
11
pref.
22
§40
47
25% J'ne 10
36
J'ne 27
prefl
Reach nj
1st
434
4%
'
6*4
612
lio",900
15%
25%
25%
5
5
16
2H2
21
25
25
5
16
65%
1734
43%
92%
9312,
92i4
*7312
*24l2
6 -
16%
6*4
26%
♦5
6%
♦13
Do
86
♦15
153s
15ig
15
25%
14%
adjustment
Jan
48
Apr
143*4 Aug
63
Sep
141% Jan
Jan
52
6,160 Northern Pacific
9,330 Pennsylvania
270 Pittsb Cin Chic & St L._
90
86
94
15
♦85'
11% Jan
May
142% Jan
115% J'ne ll
Jan
133
J'nell §150
29% Jan
18% J'ne 10
preferred-
Do
May
56
30
Jan
Mcb
46% Jan
11% May
138*4
27%
§57
151%
25% J'nell
115
90
53% Jan
2212 May
23% Jan
1,200 N Y Ontario & Western.
1,500 Norfolk & Western
156% 15634
120% May
16% Dec
142% Jan
95% J'ly 11
99% J'ne 13
84
*96
1565s 157i2
155% 156l2
155*4 15634
94
115
35
J'ne 12
85
♦96
Jan
Mch 18
4
10,935
2,922 N YN H& Hartford....
9584
♦89
Dec
Jan
36
May 2
J'he21
J'ne 4
N Y Central & H R
105% 105%
11034 111%
105*8 105%
107*8 107% rl05% 105i2
110% 111
liou 11 Us
§94
94
§89
89
*96
115
*96
115
115
85
38
126
32
3,680 Missouri Pacific
*75
29
287g
39% Apr
67% Apr /.
47% Deo
132% Feb
Nat Rys of Mex 1st
Do
2d preferred
23
Dec
Jan 30
J'ne 9
J'ne 11
"1,650
Dec
41
12
1,410 Missouri Kan & Texas
12%
14
30
132%
41%
128%
19%
127
Do
24
Jan 2
Jan 2
Jan 6
Jan 30
Louisville & Nashville
600
697
8%
16%
32%
49%
10
10
10
10
10
Deo
Aug
18% J'ly
24% J'ne
8
Sep
168% Jan
Minneapolis & St Louis
Do
pref
2,188 Minn, St P & S S Marie..
Do
preferred
195
30
10314 103U
2812
Dec
Manhattan Elevated
685
101% 101%
285g
28%
10234 10234
IOH4 102
1015s
28
j
Valley..
Apr
Mob
198
Deo
141% J'ne 10
126% J'nell
46
*80
101
85
*75
97
96i4
30
12%
95%
pref
Jan
145
Apr
Nor
95
25
,
*35
12*8
96*2
12ig
95i2
12U
1214
29
1021Z 103
107'4 108l8
111
111%
♦84
Do
146
162
23% Jan
9
41
Jan 10
21% J 'ne 5
66
J'nell
pref
10,800 Lehigh
36
303g
41
*35
42
J'ne
Oct
Oct
530
Jan 9
Jan
3
Feb 5
Jan 30
65%Jan 30
27% J'ne 19
61% Jan
7
11% Feb 6
Lake Erie & Western
16
*33%
Interboro-Metrcp v t ctf.
Do
pref
Kansa
City Southern
Nov
85%
20%
39%
117%
Jan 13
7
pref
Ore properties
ll.inois Central
Iron
Do
J 'ue
J'ne
J'ne
J'ne
J'ne
Aug
Apr
395
9434 Jan 16
Jan
8
J'ly 11
45
1st preferred
2d preferred..
Do
130
*14%
36
30
295g
29*8
♦35
♦2812
85
88%
36
101% IOH2
103
♦96
12
•
29
*75
♦30
45
♦35
102% 10212
103
16
3018
2934
46
28%
*14%
16
♦1412!
10
94% J'ly
45% Deo
167
4
20%
33%
28%
115%
25%
108%
12%
Jan
91
283
62% Apr
101% Apr
176% Feb
445
J'nell
J'ne
188
6
Jan 21
54
Apr 11
6
»
Jan
.
13% J'ne 11
pref
Jan 11
116% Jan
Jan 30
138
148% Aug
68% Feb
15% Dec
30% Dec
993g J'ly
139% Dec
134% Dec
145
147% J'nell
J'ne 12
23
Great Northern
400
*132
2H4
*57
4,480
8.850
1,260
1,075
3,800
3,500
121
121
120U 122l2 •121% 122
12214 1228s
♦133
137
13634 136*4 *133- 140.
,137
21
20%
20%
*20%
20*4
20*4
207S
21
56*4
6684
57
57
5634
6684
57
58
12214
137
*125
130
♦126
130
♦125
36
1442
♦30
36
*30
♦133
*5678
♦7i2
*21i2
14414
130i2
Do
200
32%
122
31%
31%
1123s 112%
14%
1434
55%
♦545s
1478
1478
1478
55
545s
5412
26
26
2512
255g
26
*57
59
57i2
57l2
595s
8%
*712
8i2
♦7%
8i2
25
♦21%
25
145
1455s
145*8 145" 146%
*130l2 13H2 *1307g 131%
131
16
*
16
112*2
14*4
90
220% Mcb
305
Jan
17% Jan
35
Jan
390
pref..
8,000 Erie
Do
1,150
38a4
122
122U
32
31%
112i2 11314
31%
3012
112
130
*125
130
♦14i2
-
10
25lg
5478
55U
25%
2534
2614
57%
*5634
58%
*7i2
8i2
25
*21%
25
146
14434 145-38
13078 §131
131
57
'"166
10
243s
*10
12
92*4 May26
266*4 Jan
9
362
Jan 13
80
Jan
J'ne 20
Duluth So Shore & Atlan
6%
12
2412
5534
25%
*4*4
612
100
2634
24
*10
2484
377g
3778
*31
32i2
123
123i2
30
3U2
*
11112 114
*1434
15
2412
Do
111% Apr
Jan 10
May23 §189
40
Hudson
Delaware Lack & West
200 Denver & Rio Grande
17
104% Feb
CIOH4 Feb
86% Aug
76% Jan
J'ne 10
181
Delaware &
395
♦1512
26%
28
♦4*4
612
*4*4
6i2
12
*10
25%
3878
2434
387S
♦26
28
♦25
♦392
17
♦1558
111% Oct
98% J nelO
132% J'ne 12
123% J'ne 10
1
182
103% Feb
101% Jan
1130*4 Dec
88
61% J'ly 11
10% J'ne 4
23
Highest
6
9
106% Jan 22
J'nell
275
Chesapeake & Ohio..,
400 Chicago Gt West tr ctfs
Do
pref trust ctfs
1,510
4,700 Chicago Milw & St Paul,
Do
pref
""760 Chicago & North Western
Do
pref
Cleve Can Chic & St L
Do pref
lot
Previous
Yeat 1912.
Lowest.
133*8 Jan
77% J'ne 18
*8334 J'ne 10
208% J'ly 9
13~,550
5134
•
102% Jan 29
106% Jan
J'nell
90% J'ne 10
Pacific
Central of New Jersey
Range
Highest.
92% J'ne 12
96
J'ly 9
112
57,150 Canadian
300
5U8
♦12i2
63i2
615g
53
♦275
300
♦275
300
5212
5314
1314
♦28
81
80
86I4
Since Jan. 1.
J 00-share lots
01
Lowest.
Railroads
8,250 Atchison Topeka & S F—
Do
pref.—
—
820
300 Atlantic Coast Line RR_
2,541 Baltimore & Ohio.
Do
100
pref
2,420 Brooklyn Rapid Transit-
96i2
863S
*275
300
Week
On basis
Shares
80
857g
2145s
31
535s
6284
92
*78
8634
*275
300
114
9178
Friday
July 11
95
95%
97
§97
11434 11484 ♦IHI4 115
93
*92l2
92i2
923#
96
114
STOCKS
NEW YORK 9TOOK
EXCHANGE
955g
95l2
96l2
95l2
96
80
8612
8684
♦275
95
95ig
9512
96i2 96i2
U478 I147g
92ig
9214
955s
PRICES.
Thursday
July 10
Wednesday
July 7
Sales of
the
BALE
LOWEST
AND
STOCKS—HIGHEST
;
103
New York Stock
Record—Concluded—Page 2
For record of sales during the week of stocks usually Inactive,
STCHJKS—HIGHEST
AND
LOWEST
SALE
Monday
July 7
July 5
Tuesday
Wednesday
July 8
July 9
PRICES
Thursday
July 10
Sales of
July
NEW YORK STOCK
Week
Friday
STOCKS
the
Maim day
EXCHANGE
108
*107
108
107
107
*107
108
*107
116
*110
116
*110
116
♦110
116
*110
116
126
12714
213l2
126i8 12678
126/ 12634
9738
♦16
21
*16
20
*16
20
*16
20
*7412
76
*74l2
76
♦7438
76
*7412
*23
25
*23
25
*23
32
32
12634 126S4
1267s 1271s
21312 21434
9714 9714
7514
2434
326s
90i8
*97
100
24
'
208
*205
*9714 100
24
3134
203
3214
*87
99
42
'
87
*40
§40
210
97U
32
3U4
87U
88
40
100l2 100i2 *100l2 104
*27
29
*2712 29
67
*65
67
*65/
32ls
90/
87l4
*40
42
*36
67
*123
129
96
Preferred,
1,035
20
76
*23
25
American
Woolen
I
Do
preferred
100 Amer Writing Paper
pref
3,900 oAnaconda Cop Par $25
400 Assets Realization
60 Baldwin Locomotive....
32
90
41
100
*100/ 104
*27
Do
preferred
67
*123
129
*25
28
27
27
30
2912
29/
*2512
2812
28
30
29
29
29
28
28
800 California Petrol
59
59l2
59
59
*51
60
*58
61
68
58
600
§987g
sy;
2I
2034
987S
•91
21/
91/
*20/
33/ 335s
*26S4 -2818
129ig 129i8
*912
978
33/
*2634
129/
§978
*6334
♦
*
99
"2l"
*2614
21
91
91
.
67
9478
14
*1214
26i2
129
129
978
*9l2
*6334
*9412
12U
6514
94l8
12i2
66
1214
§1214
12I4
18
*12
18
*12
18
*12
18
*12
*34
42l2
*34
42l2
13714
32/
72/
*273a
3212
*72
72/
♦273a
*72
♦26
29
138
27
138/ 138/
*27/ 30/
77
*73
77
*2634
28
"28"
28/
9212
♦90
93
92l2
90
90
*90
93
*90
43
42
42
41
41
41
41
*14
15
*14
* 15
*14
15
*14
♦103U
103U 103U *10218 1035s *10278 1035s
112
112
1131s *112
113i8
113i8 113is
*10214
*102U
*10214 1035S *10214 10358
*112
*112
11312 *112
*112
114
....
*1212
812
1412
•36
*35
38
*3U
40
6
6
*22/
*512
2284
24
89i2
*80
*102
...^
63
100
*30
40
*3U
*812
*35l2
*6
7l2
2234
67
1~,850
.
37
37
100
*6
9
*22
23
*80
89/
*6
22/
22/
*80
89/
*102
67
*59
67
60
*96
100
*96
98
*95
40
*30
40
*31
*91
94
94
94
*91
94
*91
94
*91
205
200
200
*190
205
*190
210
*190
♦108U 115
2912 *28l2 ; 29i2
•*2812
*-—
100
*90
100
*90
100
*90
88
*85
88
*85
88
*85
88
*86
175
159
*155
*64
♦
*
100
*66
*94
100
71
100
.
*74
47
*45
82
*45'
47
*45
47
*45
82
*73
4512
*45
81
111
National
Do
63
*58
63
§67
67
*64/
67
1912
*18
19
2712
28U
28/
11034 11034
*27
2834
110/
111
*91
*151»
7512
♦22U
*9034
23
23
93
*91
93
*109
110/ *109
16
7512
23
93
16/
1834
16/
*18/
76U
1634
1834
76i4
16
1778
♦15
18
15
3812
3812
37
37
36
J» 162
163
23
76i2
.23
'62
*60
104
484
25
86/
27/
♦82
92
*72
52
53
"
♦6OI2
56
*105
*61
59
104
♦43s
*2314
*10/
*47l2
*61
60
*104
484
2578
*48g
"4«4
*23/, 25/
*10
13/
*47/ 48/
14
48/
61/
*61
62
92
60
60
*59'
60
104
104
104
'
100
92
*70
92
*70
63/
10434 10478
41l2
42/
5233
52/
10458, 104/
42
423g
523a
Do
23
§24
24
*23
25
*23
25
98
♦95
98
*95
98
*95
♦6088
62
60
6H4
*60l4
62/
57
57
57
61/
6784
*60/
57
*57
69
♦104
109
*104
*104
127",700
4,750
8.200
109
109
♦1041* 109
85
86
110
*109
110
8478
*109
85
110
109
8512
109
*84
85/
109
235
9
J'ne 11
J'ne
4
J'ne
5
May29
J'ne
9
J'ne
6
13
__
49/ Feb
116/ Jan 23
397g Jan
6
Jan
105
Jan
95
J'ne 10
9
8
Jan 28
22
2
27
8
6
82/ Jan
9
81/Jan 14
31/ Jan 22
J'ne 11
46
Jan
104
J'ne 10
116
Jan
4
J'ne 10
165
Jan
2
35
Jan
9
J'ne 10
72
J'ne 11
15
J'ly 9
J'ly 1
15434 J'ne 12
23
J'ly 8
„
31/ Apr 26
62/May 1
2134 J'ne 12
82/ J'ne 17
*2684 J'ne 10
(The)
...
89
J'ne 10
78
J'ne 10
104
J'ly 10
4/ J'ne 11
22
J'ne 25
9/ J'ne 10
44/ J'ne 6
69/ J'ne 11
53
98
1st
preferred
2d preferred..
•
J'ne 10
J'ne 10
763g Jan
3
497g J'ne 11
26
61/ Jan
105/ Feb
$18/ Jan
50
Feb
74/ Jan
28*4 Deo
45
Dec
Jan
Feb
Feb
Jan 13
106/ Feb
158/ Feb
27/Feb
98/ Dec
22
Jan
$16
28/
89/
92/
9984
Jan 31
Feb
1
Jan
7
Jan
4
Jan
2
Jan 28
Jan 31
Feb 4
36
J'ne 10
36
131
Feb
40/
66/
15
17
.....
Deo
96
Jan 21
22/ J'nrll
90/ J'ne 10
preferred
dRay Cons CopperPar$10
Republic Iron & Steel...
Do
preferred........
Rumely Co (M)
1 Do
preferred
Sears, Roebuck & Co
Sloss-Sheffield Steel 8c Ir
Deo
12/ Feb
28/ Feb
.
118
152
Do,
Feb
100
__
213/
45/
2
6
93/ Jan 13
39/ Jan
4
12284 Jan 10
99/Jan
3
113
Jan 21
7*4 Jan
3
4184 Jan
3
1634 Jan 30
Jan
1584 Feb
Feb
64t 2
89/ Deo
99/ Dec
140
53
Jan
81
Jan
95
Dec
110
J'ne
4/ Jan
85/ Deo
6684 Jan 31
50
Jan
77
67
Jan
9
4
81/ Jan
9
9
45/ Feb
1055? J'ly
75
Jan
22
Do nreferred
1,420 Western Union Teleg
2,120 Westing^ouse El & Mfg.
114
U478 Dec
71»4 Dec
66/ Jan
11478 Jan
112/J'ly
93/J'ly
58/ J'ne 10
53/ J'ne 10
107/ J'ne 13
1st preferred
(F W)
preferred
1,350 Wool worth
100
68/ Feb
107/ Dec
$52/Jan
39/ J'ne 10
J'ly
1
J'ne 30
Do
110
69/ Jan
2
HO84 Jan 30
60/Jan
2
43/ Jan
3
102/ J'ne 10
Do
...
81/ J'ne20
109
J'ne 14
Jan
3
75/ Jan
9
79/ Jan
2
11984 Jan 17
112
Jan
2
115/ Jan
8
85
4034 Deo
Oot
93*8 Oct
101
Not
103/ Oot
80
J'ly
90/ J'ne
$34/ Feb
Nov
8778 Aug
Sep
56/ Apr
122/ Oct
27/ Aug
IOO34 Aug
4078 Sep
103*4 Aug
1207g Aug
175
Aug
40*4 Sep
105
Aug
$24/ Sep
221
Feb
69/ Apr
10934 Apr
85
38
Jan
30
J'ne
Oct
95/Jan
? 68/ Oct
;i07a Nov
$24/ Sep
39/ Jan
16/ Jan
13
Jan
90/ Oct
•30/ Sep
161
Apr
122
77
Jan
36
Oof
Jan
1634 Mch
Jan
101/ Jan
Aug
88
112
103
24/ Jan
18/ J'ne 10
88/ J'ne 10
J'ly 11
118
Deo
88
J'ne 10
109
215/ Oot
Apr
30
.23
...
Mch
114
„
J'ne
95
Aug,,
J'ly
90
167
107*4 J^
30
16
J'ne 11
Oot
118
47/ J'ly
105/ NOV
92*4 Oct
62/ Apr
$23/ Feb
2
14/J'ne 11
10834 Jan
225
105
Jan
20
Mch
102/Deo
156/ Jan
105/Jan
36/ Dec
102/ Oct
Oct
69
60
Corp of N J...
Pullman Company
Railway Steel Spring
United States Steel
„
"
73
preferred
29
Mch
68/J'ne
Pub Serv
Do
J'ne 11
44
425
86/
*109
104/ Jan
6
100
98
56
4
J'ne
93.
23
*95
62/
7
J'ne
75
preferred
Do
98
58l2
89/ Oot
105/ Oct
55/ Sep
9
1,200 dTennessee Cop..Par $25
400 Texas Company (The)..,
100 Underwood Typewriter
Do
100
preferred
Union Bag & Paper..
Do
preferred
100 U S Cast Iron Pipe & Fdy
Do
200
preferred„\i_.
U S Realty A Improv't
"""566 United States Rubber
1,310
518s
52/
10334 104/
4078
41l2
Oct
116
Lead
Studebaker
Corp
Do
preferred
92
*70
Sep
104
Standard Milling
Do
preferred
24
86
*109
104
103l2 10312 §104
5178
5214
10418 10414
413s
41/
*95
.
4»4
2578
10/
481?
6U2
*4712
25
"87
1,000
!
27/
27/
27/
105/ 105/ ?105/ 109
83i4
*81
83/
88
105
*43s
♦23U
10/
13/
47i2
61l2
6112
10414
*72
104U 10412
4H4
4134
400
*22/
»22l2
86/
28
105
27
*61
62'
510
38
*81
25
85
10478
17
*35
61/
163
110
*60
*14
62
*81
104
17
*54
*100
*914
47i2
690
*55
86
*24
4,035
4,140
16/
61
•
110
27
19
79
16/
34
*81
13l2
47l2
*60
♦35
*18/
*76
24
*100
*23
100
165
86
*10/
x47/
500
95
38
'
*14
*23
28U
*43g
23/
*90
1634
18i2
76/
16l2
18i2
*76
*81/
27/
,25
86I2
*101l2 109
434
275
23/
.
*22
110
,
153
231?
95
165
*22l2
■
153
153
2314
*89
109
71
100
97/ J'ne 10
56/ Apr 15
203g J'ne 10
North American Co (new)
Mail
Do
♦30
2512
87
*48g
"""166
93
33/
*55
*81
109
/
163i4
25/
61
105
*91
109
*22
*55
105
93
*31
61
*100
;
100 Pressed Steel Car..
34
*55
27«4
23
26
3234
*81
*22
""456
165
*3014
28
76
*22
35
28
16
76
*30
26
*30
*2212
<
*15
,
164
*22
*81
16
Dec
Feb
Jan
94/ J'ne 10
86/ J'ne 26
Telep & Teleg
753 People's G L & C (Chic).
Pittsburgh Coal
:
11.0/
'
§153
24U
9178
1634
18i2
76i2
15i8
36i4
*231*
9178
I6I4
18i8
80
162
*91
153
*152
24
94
162
23
154
*90
16/
18/
*22
110
7534
11012 *109
95
*76
*15i8
7534
11012 *109
15212 15210 *152
24
*2312
24i4
♦91
112
*109
16
76
107
81
21
300 Pacific
*74
Jan
110
Jan
102
10834 J'ly
ctfs
600 Pacific
""l45
12
9
91
preferred.
*58
23
♦22
24
27
*18
*15
Mch
1934 May
6278 May
J'ne
29/ J'ne
1,230 dNevada Cons Cop Par, $5
New York Air Brake
18
111
778 Mch
26
J'ne 10
195
...
67
16
Mch
58
.
*6412
7478
747,8
Sep
Sep
j'ne
Oct
Sep
97
Feb 20
68
2712
4
153,, J'ly
9/ Jan
x4578 Jan
,
66
1812
111
*15
6
May Department Stores.
Do
preferred
930 Mexican Petroleum
2,100 dMiami Copper
Par $5
300 National Biscuit..
Do
preferred
"loo Nat Enamel'g & Stamp'g
Do
preferred.
•6412
18/
*27i2
28i2
J'ne 12
116/ Jan
7678 Jan
105/ Jan
78/ Feb
26/Jan
128/ Jan
12478 Jan
19/ Jan
92/ Jan
66/ Jan
107/Jan
63
30
.
200
♦58
*2712
$16/ Dec
105/ Feb
4/ Jan
19/Jan
12/ Jan 30
48/ Jan 30
18/ Jan
12/J'ne 4
7/ J'ne 10
J'ne 13
63
•18
Dec
.„
J'ne 10
*60
20
$47
Mch
109/
x$6238
$21/
12078
113/ J'ly
10784 Mch 29
113/ May ~
103
preferred
66/
66/
Dec
Mch
108
xl50
Do
63
*18
105
115/Jan
J'ne 10
$5
81
60/ Dec
.,05/ Jan
6338 Jan
20/ Jan
i.
47
*10512 10712 *10512 10712 *105l2 10712 §106l2 106l2 *105/ 107/
14/
14/
14i8
14is
14i8
14i8 *14
14i2
14/
143g
*58
Jan
68
J'ne 10
Mayi2
95/ J'ne 10
May 12
2/ J'ne 10
1st
100
*70
3/ Mch 19
10734 Jan 22
co
*104
82
Feb
70/ May
$1/ Dec
96
Liggett & Myers Tobacco
Do
preferred-
*152/
*74
Jan
30
7
89
preferred........
71
82
155
7
34
107
,
.
2
84/ Apr
9534 Oct
*66
.
*72
Jan
34/ Jan
79
Jan
Dec
*105
60/
21
187
Dec
Do
59S4
"59"
5984
5812
68I2
60
"59/ 59/
2078
2078
2038
2034
20/ 2058
20/ 20/
115
115
115
*112
IIOI4 H012 *110
11412 *111
114/
*116
1197s *116i2 119i2 *11612 H912 *116l2 11934
116/ II934
*1012
1H2 *10i2
12i2
*10l2
12l2 ♦10/
12i2
1034
1034
60/
20l8
2
Dec
68
100
Jan 22
Jan
63
105
*
Dec
18
44
90
*65
*157
20
ne 10
Feb
105
....
Jan
Dec
Mch 19
36
preferred
Do
2d preferred
400 Lorillard Co (P)_.
106i2
*65
10
75
99/ Dec
J
4034 J'ly 11
14/ J'ne 10
10334 Apr 25
preferred
100
*105
67
11/ Feb
37/ Jan
„
♦2934 J'ne 10
25
Mayi5
70
May 8
1/ J'ne 10
25/ J'ne 10
Corp I
67
159
10512 10512
Jan
23/ Feb
13534 Dec
13
Paper..
Loose-Wiles Bis tr
88
*159
Feb
$25
Jan
329
100
*85
80
47/ Jan
41/ Feb
142/ Jan
17/ Jan 31
79/ Jan 31
100/ Jan 16
2I84 Jan
2
70
210
108U 108/ *106
108/
*28/
2912
*28/ 29/
*90
16/ Feb
94
Do
108/ IO8I4
*2812
29l2
100
Dec
99/ Dec
•
33
.....
Lackawanna Steel.
100 Laclede Gas (St L) com..
210
110
Corp
Smelt'g
6
J'ne 11
94
205
103/Feb
30/ Feb
97/ Mch
Oct
Aug
J'ne
Oct
80
Sep
149
Aug
40/ Apr
72/ Oct '
95/ Oct
101/ Deo 1
33/ Sep
1001? Oct
$50/ Nov
4334 Sep
149/Aug
22/ Oct
89/ Oct
100/ Deo
36/ Aug
2134 Sep
52/ Sep
188/ J'ly
4278 Sep
8234 Sep
127/
6034
108/
51/
83
40
§110,
J'ne 10
3
Jan 30
Oct
$48
May 5
22/ J'ne 13
99
♦30
40
I
May
94/ Mch
41/ May
Kayser & Co (Julius)
Do
1st preferred
200 Kresge Co (S S)
Yd"
*59
*9612 100
*31
_
31
300 Internat Steam
Pump
Do
400
preferred
*102
.
Do
Nov
J'ne 10
,
.
Mch
28
8
J'ne 11
111
37l2
Feb
Feb
Feb
84
111
712
♦35l2
_
Int Mer Marine stk tr cts
Do
100
pref stk tr ctfs...
200 International
10234
2734
66/
137/
49/ Dec
Internat Harvester of N J
Do
preferred
334
1334
9/
*13
Feb
31
30/ J'ne 10
24/ J'ne 10
125/ J'ne 10
738 J'ne 10
61/ J'ne 10
94/J'ly 8
934 J'ne 10
General Electric
*8/
9
Dec
86
Internat Harvester
Do
preferred
200
49
x88
1,200 dGuggenh Explor Par $25
100 a Insp'n Con Cop Par$20
Internat Harvester
(old)
'
Mch27
Feb
105/ Feb
v
J'ne 10
Nov
Dec
$34
53/Jan
105/ J'ne 6
41/ Jan
9
72/ Apr 4
137/ Jan 27
J'ne 10
133/ Ma/
124
Sep
149/ Mch
324/J'ly
106/ Jan
25/ Jan
°9
dGoldfield Con M Par $10
900 Goodrich Co (B F)
Do
100
preferred....
""166
32/ Jan
41/ Jan
120
Jan
J'ne 10
18
79
Jan
81
.
56/ Feb
cfs
Gen Motors vot tr
ctfs.II
Do
pref v t ctfs._...
116
♦3/
13
9
22«4
8912
*80
*112
334
13
8
-
22lj
*314
*102
...
*59'
334
1512
9
38
*12
8i2
89i2
*102
63
*94
*80
384
1434
*102/
*111/ 116
*102/ 103
*112
*314
334
*12i3
1558
*8/ " 9
41
4034
_
10 Federal Mining &
Do
preferred
12
42/
*73
*90
14l4
13/
§12
4212
138l2 138l2
*273s
30i4
*42
1414
100
300 Deere & Co pref
210 Distillers' Securities
preferred
J'ly
May
J'ne 10
J'ne 11
Leather
Do
200
preferred
II
5,625 dChino Copper
Par'$5
Colorado Fuel & Iron
T.250 Consolidated Gas (N Y)~
411 Corn Products
Refining.
Do
113/ Deo
115/Jan
137/ Jan
241/ Feb
101/ Jan
3
17
Case(Jl)ThreshMpftr
640 Centrai
Jan 31
Jan
Highest.
68
95
27
27
27l2
9/
10
Lowest
26/ J'ne 16
Do * preferred
66
*34
*34
42l2
137 " 137/
♦27/
3014
77
*72i8
98/
21/
91/
33/
28/
129/
25
ctfsl
t
v
fr Previom
Year 1912.
29434 Jan 10
106/ Jan 27
21
Apr 17
62/ J'ne 10
121
100 Butterick Co
27/
*94/
*12/
94V 94/
*34
137
137
♦91
*6334/66
95
129
*25/
27l2
*91
33
3234
*26
27
65U
94i«
1212
,
n21
91
3314
12912 129l2
978
934
'
9478
"2012I
91
33
*26
*25l2
9878
\ »»/
21
*90l2
3314
33l2
28
*26/
1297g 130U
934
978
*64
987s
*123
129
J'ne
30/ J'ne 10
87
J'ly 8
40
25
preferred
Brooklyn Union Gas
129
118
16/ J'ne
74
20
Do
*124
xcvii.
Range
116/ Jan 28
140
100/ J'ne 25
.....
200 Bethlehem Steel
29
*657S
96
.
32
*87
new
"
lots.
Highest
10434 J'ne
110/ J'ne
125/ J'ne
200
...
97/
67
*123
Teleg
*74
.*36
41
*6578
Do
preferred
Amer Telephone &
1,150 American Tobacco
T.300
210
100-share
Lowest
~"»16
♦100/ 104
*100l2 104
28
28
273g
2738
*65
210
Range Since Jan. 1.
On basis of
Industrial & Misc (Con)
400 American Sugar
Refining
108
*110
208
v
Shares.
11
108
[Vol.
second page preceding.
see
Not
69/ Sep
66
49/
98/
$47/
130/
II534
Dee
Oct '
Aug
Aug
May
Sep
j'ne
114/ Sep
1775 May
6734 May
22/ May
643s Oct
86/J'ly
.6778 May
116
May
85/ May
8034 Sep
117
Sep
$67/ Sep
57/ Jan
122
Mch
86/ Jan
89/ Aug
126
Aug
1177« Oct
U634 J'ly
BANKS AND TRUST COMPANIES—BANKERS'
QUOTATIONS.
Bank*
Bid
Ask
Banks
Bid
Ask
Trust Co's
Coney Isl'd *5
135
155
275
285
First
Central Trust
280
300
National City
North Side Y_
175
200
140
155
People's
145
155
Brooklyn
Brooklyn
.......
Flatbuah
Green point
....
HUlsldeU
~
Homestead 1
Manulaot'rs
.
Mechanics'Y.
-
86
.....
Truit Co's
425
....
190
985
1000
_
Farm L & Tr
340
350
Bid
575
590
130
Hudson
Law T I A Tr
Knlckerboc
Ask
Fidelity.
N Y Trust
Ask
480
'
Brooklyn Tr.
Tr.
435
450
Fulton
290
600
620
Citizens'
130
Title Gu A Tr
425
435
Franklin
435
Transatlantic
200
220
Hamilton
6375
400
Home
Kings County
530
Nassau
.....
130
....
285
Union Trust
150
160
Guaranty Tr.
525
130
140
140
150
chester)...
.
U S Mtg A Tr
....
......
440
450
1110
355
365
People's
145
155
Queens Co
Washington
145
155
!
240
...
United States 1075
(West¬
305
B'way Trust.
ill
490
120
Mut'l
215
Bankers'
Bid
470
410
ance
1150
220
Trust Co's
Brooklyn
1020
Metropolitan
Mutual Alli¬
470
««■'
175
Bid
NY City
N Y Life & Tr 1000
•
300
205
170
140
Trust Co's
Lincoln Trust
92
m-
140
205
Trust Co's
NY City
Empire
Equitable Tr.
NY City
Astor
Ask
Columbia-
Commercial
100
400
Montauk 1.
Nassau
155
125
Bid
NY City
270
285
115
125
298
535
Westchester
.
.
r
♦Bid and asked >rlces;
tSale at Stock
no
..
108
\
»leaon this day.
I Less than 100 shares.
1 Ex-rights,
a Kx-dlv. and rights.
5 New stock,
d Quoted dollars, per share,
or at auction
this week,
« Ex-stock
diTideud,
V Banks marked with u paragraph (II) are State hanks. * Ex-dirldeadt
_
3
i
103
quoting bonds was changed, and prices are now
Price
Since
9812
98i2
9812 100
J'ly '13
10212 103
103
J'ne'13
102
103
113
11212 Sale 11212
J'ne'13
11212 113l2 114
l00i2 J'ne'll
98i2
10H2 10212 103is J'ne'13
20
8812
New
New
82%
93
M-N
M-N
19G1 j-J
1362 j-J
75%
J ly '13
84
92l2
May'13
92
83%
as is
the
15
100
92
28
9184'
92
96%
9034
6
9184
9134
100%
100% Sale 10G%
_.100i2 100i2 J'ne'13
100U
100i8 Sale 100
I00i4
1001s 100i4 100%
8134 J'ly '13
8H2
82
97l2
973s 97i2 9712
98
J'ne'13
*9714
Canal Improvement 4s—1960 J-j
Carolina 4 Hs 20-40. .1933 j-J
Tenn new settlement 3S...1913 J-j
Virginia funded debt 2-3S..1991 J-j
6s deferred Brown Bros ctfs—
99
100
99
10134
98% 101%
99
101%
99"
Apr '13
8fli2 Dec '11
47% J'ly '13
69
^nn Arbor 1stFe gen
g 4s
tcli Top & S
—
Registered
ftl995
4s_1995
g
Q-J
A-O
_
__
l995|A-0
..
._ftl995'Nov
..._ftl995jNoy
......ft1895:M-N
Adjustment gold 4s
Registered
...
Stamped.
.
.
Conv 4s issue of 1909.S.—1955
-J-D,
Conv gold 4s
.."....i.1855
Conv 4s (issueof 1910)
19G0i
J-D
J-D
10-year conv gold 5s
1917! J-D
Debentures 4s Series K_.-1916| F-A
East Okla Div 1st g 4s
1928 £vl-S
Short Line
1st4sgold.
Cal-Ariz 1st & ref
1958 J-J
4^s...l9C'2!M-S
5s_.1942]M-S
92%
88%
86
86
84%
99i2 May'13
83
95i4
9512
96
96
93
96
9278 103%
98
105%
Sale
84
....
9434
Chic & St Louis 1st 6s...1.915
Registered
M-S
ftl052-M-S
-_.__-ftl952|M-S
gold 5s__.1928;M-M
Ala Mid 1st gu
Brun8& W ist gu gold 4s_193S; J-J
Charles & Sav 1st gold 7s. 1936! J-J
■LAN coll gold 4s.
ol052|M-N
Sav F & W 1st gold 6s
1934,
1st gold 5s.
.......1934
99% Sale
•92
87
98i8
.ftl925 Q
_„._ftl948 A-0
Registered
Gold
4s
Registered.
..ftl948 Q-J
20-yr conv 4Hs
1933
Pitts June 1st gold Gs
1922 J-J
P JuncA M Div 1st g 3Hsl925 M-N
PLEftW VaSysref4s_. 1941 M-N
Southw Div 1st gold 3 Hs_1925 J-J
Cent Ohio It 1st eg 4Hs
1930.M-S
CI Lor & W con 1st g 5s_. 1933 A-O
Monon River 1st gu g 5s_.1919| F-A
Ohio River RR lstg 5s
1936 j-D
General gold 5s
1937-A-O
Consol 4 Ms
All & West 1st g 4s gu
CI A Mah 1st gu g 5s
A-O
1845 M-N
Registered
1st prof income g 5s_j..pl945
2d pre! income g 5s
pi945
2d pref income g 5s stamped..
3tl
pref income
95
10634 Feb '13
95
97
100
90
92
9134 May'13
90
905s
g
Oct
pet
8212
87%
; Cett RR & B of Ga col
g
97
91
ft 1987
1921
9778
91%
88%
97
97%
,86
116%
102%
103i2
104i2 ioj%
113%
..
89%
82%
27
90%
86%
100
90%
101
106% 106%
103% 103%
96%
97
103% J'ne'13
i03% flOSg
103% Apr '13
9534 Mch'13
103
106
102
10434
534-
9534
107%
ffo"%
103
106i2
...
108
...
49
....
Sale
105
J'ly 08
10714 J'ne'13
108i2 J'ne'13
45i2 Apr *13
105
105%
108%1117S
38
100% Jan '11
no"
109
106% 106%
Nov'11
107
j-D
Dec '1
IIII "wo
90.
107U Jan
j-j
j-j
115
n
Leb A Dud R gen gu g 5s_1920 j-j
N Y A Long Br gen g 43..1941 M-S
Cent Vermont Istgu g4s__el920 Q-F
90
Feb'13
j-j
90
9934101%
«4
J'ne'13
"H534 114
111
May'13
102
104
lOOy
....
"84"
86
114
1193s
U334 118%
103% 105%
103% J'ne'13
100
.
100
J'ne'13
100
100% 100%
100i2 Jau
83
May'13
83
90
5s_1945 A-0
1st refund conv gold 4s
2002
Bk City 1st con 5s..1916-1941
9934 9978
863g Sale
J-J
J-J
BkQCo&S con gu g 5s__1941 WI-N
Bklyn Q Co & S 1st 5s___1941 J-J
Bklyn Un El 1st g 4-5S...1950 F-A
Stamped guar 4-5s
Kings County El 1st
Stamped guar 4s
1950 F-A
m m m m
I
1
1
I
mm mm
9934 Sale
100
81%
Stamped guar 4V$s
1951 J-J
Det United 1st cons g 4^s.l932 J-J
Ft Smith Lt & Tr 1st g 5s._1936 M-S
Grand
g 5S..1916 J-D
Havana Elec consol g 5s
1952 F-A
fnterboro-Metron coll 4 Hs 1956 A-0
*
Rapids Ry 1st
No ode© Friday; latest this week,
m
—
6878
90
98
93
99%103%
98
84%
101
102% Mch* 13
93
98
May'13
1
82
82
9
100
81%
86
78
J'ne'13
82
76% May'13
101
99% 101%
99% 10134
3
9934
82
98
101
Apr *13
9934
92%
102%
....
76
96% Apr
90%
85
J'ly 12
90% Aug '12
91
.r..
104
93
sale
" ~80"%
86
1879-1929
1879-1929
1879-1929
1879-1929
—
88
"87" Sale 87
ioia4
IOU2 Sale 1013s
101% 10is4 101% J'ne'13
99%
: 99%
99% Sale
102
"""2
87
87
2
105%
106
J'ne'13
110
J'ne'13
....
109
80
104
96
78%
84
85%
84%
9234
~~~b
97
96%
105%
ys
96
104% Oct 12
J'ly '13
101% 104% 101
1941
1921 m-s
Northw Union 1st 7s g__.1917 mWinona & St P 1st ext 7s_1916 J-D
Chicago Rock Isl & Pac 6S.1917 J
Registered
—.1917 J-J
General gold 4s
1988 J
R egistered
...1988 J-J
Refunding gold 4s
1934 A-O
20-year debenture 5s
.1932 J-J
Coll trust Series L 4s.l
1914 m-n
10934 Aug'12
101
98
98%
100
...
69%
.1930 m-s
Ch St P & Minn 1st g 6s..1918 m-n
North Wisconsin 1st 6s_..1930 J-J
St P & S City 1st g 6s
1919 A
Superior Short L 1st 5sggl930 m-s
Chic & West Ind gen g6s_.?1932
__1952
W
103
....
I5o34107%
10034
107
J'ne'13
—-
11/
121%
90% Sep "09
...
109% 10 7%
16712 112"%
Jn'~e"l3
105% 107% 107% Feb '13
114% Feb '13
113% Mch'13
109
109%
107% 107%
....
92
92
....
j'ne '13
115
j'ly '11
108% Mch'13
10478
103% 10478 10478
109
Aug 10
107
"85"" Sale
85
Dec
7884
"""■4
108% 108%
10478 106%
84
,.94%
12
79
•""16 "78"
94%
110
53%
6434
63% Jan *13
8734 Feb '13
107% May'13
104
106% Sep
90
9434 j'ne'll
Sale
"sV
72
75% J'ly '13
97«4 Sep '11
74
88
....
"~3
85%
91
"79"" Sale
54
114% 114%
113% 113%
9134 94
....
106
"95"% loo' "997s
Choc Okla& Ggeng5s
ol919 J-J
Consol gold 5s
....1952 m-n
Keok & DesMoines 1st 5s.l9?3 A-O
1930 J-D
Dec '12
117
69%
2002 m-n
4MS-1934 m-s
6s...1930 J
I64" 106*
III! "99%
101% 10734 Aug'11
115
Chic R 1 & Pac RR 4s——2002 m-n
KOShLlst4Ms'41 F-A
....
May'13
10034
100
....1918 m-n
Consol 50-year 4s_<
95%
""22
82
104%
J
Debenture 5s_.
103
8434 Jan *13
A-O
Ext & imp. s f gold 5s._1929 F-A
Ashland Div 1st g 6S...1925 m-s
Mich Div 1st gold 6s
1924 J-J
MilSpar&N W lstgu 4s_1947 m-s
con
10934 109%
100
100%
Jan '13
81%
82
....
110
102% 102%
May'13
100% Aug'12
104% 103% J'ne'13
95% May'13
81
.
102 • 104%
100
96
94
110
100% 1Q2% 102% Apr *13
J'ne'13
101
103-% 102
105% .... 10984 Feb 13
A-O
•.
Registered
85
100% 101
106
110%
100% J'ne'13
111% Nov'11
Frem Elk & Mo V 1st 6s__1933 A-O
1941 J-J
R I Ark & Louis 1st
104%
99% 997j
103
104%
104% 106%
101% 105%
"no
Salvj 102
100
91%
106%
100
102
106%
105%
A-O
Registered
1921 A-O
Sinking fund deb 5s
1933 m-n
Registered
•—..1933 m-n
ManG B & N W 1st 3 Ms
Miiw & S L 1st gu 3 MS
Mil L S & West 1st g 6s
100
164
May'13
1033jj 103
1043s May 13
Sale
85
""12 "86"
102
87
98%
79
J'ne'll
A-O
1921 A-O
Debenture 5s
97
1
80%
80%
96% Sale
Registered
Sinking fund 53^.
Registered
99% 100%
U034 99
"""§
98% Feb '13
1987 m-n
Sinking fund 6s
11
Dec
99% J'ne'13
92%
93
100
IIII*93"
...
106% 105%
11
86
...
"99%
105%
71
77%
116% 125
....
1886-1920 F-A
General gold 3Ms._i
..1987 m-n
Registered
...pl987 Q-F
"114 "49%
633«
66%
64%
86
87%
107%108%
11
"99%100%
May'13
102
106
Jan '13
97
95
J'ne'13
95
89
81
"May'13
81
J'ne'13
115% 115
89% Dec '12
98
9878
9878 Sale
119% Feb *13
113
115
115
1207|
98
119
102%
120%
106
109%
106
107%
89%
94
•
....
113"
106
98
89
129% May '09
113
105
15
106
108%,]
106
106
1
100
107% J'ne'13
106%
84
87
Next Page.
....
97
74% Sale
95
"95%
69%
Apr '12
J'ne'13
May'13
93
743s,
75
d Due Aura. 0 Due May
Manhat Ry (NY) cons g
4s_1990
Stamped tax-exempt
1990
Metropolitan Street Ry—
Refunding gold 4s
2002 A-0
104% Sale
99%
75%
4
88% Sale
88%
3
..1.
101
98
95
84
a
98
98
71
81%
1937
Refunding & exten 4^8.-1931
1919
Due June, ft Due July, k Due Aug., 0
64
May'12
62% Jan '13
5934 Mch 12
10234 100 J'ne'13
99
101% Dec 12
97% May'13
74
J'ly '12
74% J'ly '12
74
Cent Tr Co ctfs stamped
Minneap St 1st cons g 5s
50
99
4s__2000
Third Ave Ry 1st g 5s
132
88
88%
Stamped
Met W S El (Chic) 1st g 4s_1938
Milw Elec Ry & Ll cons g5sl926
10478
88
Farmers' Loan & Tr ctf
Bway & 7th Av 1st c g 5s.1943
Col & 9th Av 1st gu g 5s
1993
Lex Av & P F 1st gu g 5s_1993
104%
87%
Central Trust Co certifs
101% J'ne~'l2
95% J'ne'13
6978 J'ne'13
98
Interboro Rap Tr 5s Ser A.1952
Third Av RR cons gu
96
m m
68
20
87
82
84
77
9534
9978
88
Sale 100
81%
1949 F-A
guar gjld 4s_ 1951 J-J
Chicago Rwys 1st 5s
1927 F-A
Conn Ry & L lst&ref 5g4Hs'51 J-.l
Nassau Elec
99%
101
CO 00
99
43.1949 F-A
g
cons
165"
Street Railway
Street Railway
g
1913
Registered
MISCELLANEOUS BONDS—Continued on
Brooklyn Rapid Tran
1913
6s_—
Cons 6s reduced to 3Ms
9978
9978
cons
Chic St P M & O
Nov'05
115
115
1919
Extended 4Ms_-
St Paul &
12
10934 May 11
997s Sale
114
Mil & No 1st
j-j
106% 106%
97«4 98
105% 100"" J'ne" 13
72%
7278
7278 Sale
116% 116% May'13
108% 105% Feb '13
79
j-D
103
97
97«4 Feb '13
j-j
j-j
80
119
97
II11
....
96%
74
106% Jan '13
III! "96
Bur O R & ,N—1st g 5S...1934 A-O
C R IF & JNT W 1st gu5s_1921 A-O
M & St L 1st gu g 7s
1927 J-D
Dec'11
96
08
110%
102
11058 Mch 13
j-j"
97
98%
97
90%
119
13
Jan
97%
9934100%
18
92%
May'13
119
97
97%
Apr '13
74
...
103
1920
1924
f 6s
F 4s
10358
103i2 Sale 103i2
106% Mch'13
103
Deo '11
105
43
104% 106%
20
85l8 Oct '10
1987 j-j
Registered
Am Dock A imp gu 5s_
90
J'ne'12
105
5s_1837 m-N
Cent of N J gen'l gold 5s
*46
708
Apr 13
Mch'13
J'ne'12
Apr '13
Apr *12
Feb *12
May'13
I6d" I"
-
9134
90%
82i2
,87i8
100
91
88
May'13
84
IIII
88
Jan '12
86
87i2 Sale
5s.i..pi945 Oct"
3d pref income g 5s stamped..
ChattDjy pur mon g 4s__1951
Mac& Nor Div 1st g 5s..1946
Mid Ga & Atl Div 5s
1947
Mobile Div.lst g 5s_._,
;194G
,
112
~82~ ~8578
82%
55
89% J'ly '13
Ze
-90"
8934
s
Wis & Minn Div g 5s
..1921
Wis Vail Div 1st 6s......1920
General 4s
Oct '12
895s
89^ sale
•89%
90% Sale
92%
60
93
93
91
92% Sale
101
Far & Sou assum g 6s
La Crosse & D 1st 5s
9G34 j'ne ,13
93
100
10338 103%
9G34 99%
96% Sep '12
9734 May'13
105
7s..1915 H F
1886-1926 F-A
Dubuque Div 1st
93
J'ne'13
10338 Feb '13
100
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-D
j-D
Chic & P W 1st g 5s
1921
C M & Puget Sd 1st gu 4s_ 1949
Dak & Grt Sou gold 5s
1916
Extension 4s
86%
_el989
el989
B
Registered
el989
25-year deben 4s__
1934
Convertible 4j^s
1932
Convertible 4Ms (wh issued)__
Gen 4Ms (wh iss)
—e 1989
Chic & L Sup Div g 5s
1921
Chic & Mo Riv Div 5s...1926
Chic & Nor West
10
—.1937
„1942 f-a
.-!
Registered
10634
Aug 12
88"
"88
88
124i2 123% J'ne 12
112i2 11058 May'll
87%
1962 A-O
Registered
Central of Ga 1st gold 5s_.»1945 F
Consol gold 5s....
1945 M-N
.
95%
95
1943 j-J
fanadri Sou cons gu A 5s. 1962
^
87
105
1957jiYl-N
.1998! A
Koch A Pitts 1st gold 6s__1921 FA
Consol 1st g 6s
.1922, J-d
Buff A Susq lst regg4s
dl951 J-J
103% 103%
32
88
98
* III
107
Oct '06
87
8778 Sale
102
93%
85% 92
96% 100%
107
13
103% Feb '13
102
Pitts,Clev& Tol lstg 6s.. 1922!A-0
Pitts & West 1st g 4s
_1917j J-j
Stat lsl Ry 1st gu g 4 Hs--1943| j-D
Buffalo RAP gen g 5s-.__1937iM-S
Feb
107
10534
92"
92
87l2 J'ly '13
9G%
96i4
88
96%
J-J
J
"100
92
95%
88
90% 100
99i4 J'ly '11
A-0
A-0
Sil Sp Oca & G gu g 4s___1918
|>alt & Ohio prior 3^s_.jl925
9434
9912
Sale
95
98
83
86
1937 M-N
j-j
Gen'l gold 3^s Ser
98%
93
"96% II
m-n
Refunding gold 5s
.1947
j-j
Refunding 4s Series C——1917
ilnd & Louisv 1st gu 4s
1956 j-j
j-j
Chic Ind & Sou 50-year 4s
1956
98%
85%
9338
13
95
95
9834
95%
93
M-N
Registered
797S
Mch'13
84
82
84
70
92%
92%
84
.:
94%
9212
93i2
86
83s4
8 Fe Pres & Ph 1st g
Atl Coast L 1st gold 4s
70l2
70l2
70i2 75
93i2 Sale
"
104
96%
63%
82%
m-n
Chic L8 & East 1st 4Hs.
:1969 j-D
Chic Mil & St P terml g 5s__1914 j-j
j-j
Gen'l gold 4s Series A
_el989
1
Railroad,
AO
68
50
82%
83%
86% Aug 12
93
m-n
13
98
j-j
"
88
64
51%
Safe
101
93%
10
98% Ma.v'13
j-j
95
8484,
87
50
8212 Sale
j-j
84%
64
55
a-o
101%
86
64
j-j
g_1955
1934
85%
io6i"?
64%
100
1959 M-s
Chic Ind & Louisv—Ref 6s_1947 j-j
"99
42"
99
48
451*
Oct
98
92%
85i«
Mch'13
50
Chic Great West 1st 4s
103i2 J'ly '10
87
FA
Chic & Ind C Ry 1st 5s___ 1936
101%
98
86
89
j-j
99%
79
28
1
for
86
89
....
HigM
91%
99%
Feb
95
M-s
110
Mch'13
80
a-o
102
103
7934
13
Oct 12
Mch'13
8434Jan *13
87
80
1958 m-s
Registered
86
97
J'ne'13
1949
Pur money 1st coal 5s
.
99%
79%
85%
88%
iOl.%
Safe
85
..—---1949 j-j
General 4s
10134
81%
M-N
a-o
1059
4s_1922
Chic & E 111 ref & imp 4s
1st consol gold 6s
105%
100
79%
....
Low
95
13
103%
10938 Nov '12
91%
92%
j-j
5s_._1919
Sinking fund 4s
.1919
Nebraska Extension 4s—1927
Registered
1927
Southwestern Div 4s
.1921
Joint bonds.
See Great North
Debenture 5s
1913
102
100
23
J'ne'13
99
99
99%
97i2
South
4s_1940
3s._1949
General consol 1st 5s..
94
.
j-D
Iowa Div sink fund
97%
90% 9734
9134 9734
9078 105%
1
14
F-a
J'ly
103
"91% Safe"
m-s
M-s
No.
*"24
High
96
Sale"
m-n
1949
1949
Div 4s
Ask Low
95
103%
1940
Registered
95% 100»4
9958 100%
1283
91%
Jan. 1
Bid
—1944
3^s
Div
Registered
Illinois
of $5 to £
9534
9934
953,1
9934 Sale
9H2 9134
9,112 92
9112 92
Illinois
95%
85
on
Sine*
Last Sale
j-j
1946 j-j
4s-„_1989 j-j
1989 j-j
Railway 1st lien 3^s
Chic B & Q Denver Div
89%
v rices
Week's
Range or
m-n
4s_.1945 j-D
Chic & Alton RR ref g
99% 102%
94% 97%
96% 97%
85
84
are
95
83
92l2
"84_34
....
9038
89%
,
85
95
-J
R & A Div 1st con g
2d consol gold 4s
9934
100
95i4 Apr '13
9612 J'ly 13
9934 100
m-N
Improvement 4s
Canal Improvement 4s
8358
2
7634 J'ly '13
7G34
4X% Corporate stock.,..1957
M-N
4U% assessment bonds._1917
Corporate stock—1954 M-N
n y State—4s
1961 M-S
Canal
14
80
-
— -
Craig Valley 1st g 5s
Potts Creek, Br 1st 4s
8Gi2
1957
1917 M-N
4^s
4Hs
Big Sandy 1st 4s
Greenbrier Ry 1st gu g
85i8
.i960 M-S
1933
iif-N
1959
1958 MrN
Coal River Ry 1st gu
103%
92
86
F-a
..1957
102"
8
87
State and City Securities.
Convertible 4^s—
89
86%
M-S
11.
1930
I13i2 IIB2
88-%
85
"II
112i2 114%
Range
Price
Friday
July 11
exchange
Chesapeake & Ohio—
Gen funding & impt 5s—1929
1st consol gold 5s
1939
Registered
—1939
General gold 4J^s
....1992
Registered
1992
99%
85%
These
4% Corporate stock..
4% Corporate stock
4% Corporate stock
102i2 10334
4
J-j
J-J
1954
4^s temp rects (w i)
98i2 IOH4
102i2 103i2
97i2
f-A
j-J
it/l-S
lODs
96
97l2
91
965s
High
99
1
Foreign Government.
Argentine—Internal 5s or 1909. M-S
Chlnese (Hukuang) Ry 5s £
j-D
n y City—4Ms.:
5
102
*1918 Q-F
1925 Q-f
Gold 4s of 1904
No. Low
99
stock
Week Ending July
Jan. 1
High
89
98*2 100
U 8 4s coupon _
1925 Q-f
U SPanCanal 10-30-yr 2s*1936 Q-F
U S Panama Canal 3s g__.19Gl Q-M
Imperial Japanese Government
Sterling loan 4^s
1925
2d Series 414s
1925
Sterling loan 4s_^
1931
Republic of Cuba 5s exten debt
External loan 4Hs
1949
Ban Paulo (Brazil) trust 5s_1919
Tokyo City loan of 1912 5s__._
U 8 of Mexico s f g 5s of
1899
Ask Low
"
Bid
U. S. Government.
y.
n.
^
defaulted bond*.
all—"and interest"—except for income and
bonds
Range
Range or
Last Sale
July 11
U 8 2s consol registered._dl930 q-j
U 8 2s consol coupon
dl930 q-j
U 8 3s registered
*1918 Q-F
U 8 3s coupon
U 8 4s registered
Week's
Friday
BONDS
STOCK EXCHANGE
Week Ending July 11.
y.
n.
Yearly: v.
Exchange—Bona RecorBrTfMay, Weekly ana
New York Stock
Jan. 1 1909 the Exchange method o)
62%
100
97%
62%
103%
101*
Nov'12
104% 104 J'ne'13
84
93%J'ly 06
J'ne'13
100% 102% 101
91
92
Apr '13
103
102
102% 104%
86% 9i
87% 95%
104
107%
10034.101*
91
91
Nov'12
Due Oct. p Due Nov. «Due Dec. ^Option sale.
~T
104
New York Bond
BONDS
N.
Price
Y.
STOCK EXCHANGE
Week Ending July 11
Day & Mich lstcons4Ms_1931 J-J
Cleve Cin C & St L
20-yr deb 4 Ms
87
Registered
Registered
11936
88
III1 "8234
Registered
1934
Del Morris AWestern—
el Lack &
Essex lst7s_1914
1st conso. guar 7s
Registered
75
J-J
Q-F
100
J-J
Penn coil tr,g 4s_.
50-year,
conv 4s
.1951
A
,
35
28
25
F-A
J-D
A-O
10U4 102
103
F-A
M-S
9658
97
98
M-N
A-O
M-N
J-J
4slII""1950 Jg 3s_II1951 Jg 3 Its 1953 J
Registered
1953 J
Middle Div reg
SsIIII
1021 FOmaha Div 1st
g 3s
III1951 FSt Louis Div &
term g 3s 1951 J
108
"98-"
97
lOllg
93%
99%
83
88*4
80%
69
6912
67
8414
Dec '12
8278 J'ly '13
78
Apr'13
97
J'ne'13
82
J'ne'13
97
Apr '13
"84" nil
~97h
l00"i2 mi
84
88
82
.-998s
100
100
100
Feb *11
10358 Feb '13
1951 fJl
4s
&
1035s 103%
"
Leh Val Coal Co 1st
gu g
103
103"" 103""
1st inl reduced to 4s
Leh & N Y 1st guar
g 4s
M-S
10284 103
Mch'13
100
Jan '12
J-D
M-S
J-J
J-J
J-J
J-J
83i4
87
83%
8278
69i4
85
70
70
77
IIII ~88i4
69
Sale
1928 J-J
J-J
"e'e"?! "75"
66
lODj
106
109
98
.
96
12
90
....
Nor Sh B 1st
100"% ido"i*2
96
100U Dec
84
35
87
Apr '13
107*3 Feb '13
....
98i2 98
108
106
Gold
98
105""
10U2
108
"65""
70"
935* Sale
95
t-i
98
J'ne'13
Aug'10
Mar'13
72
935|
9378
93i8 J'ne'13
97i2
97i2
97l2
96
9534
J-J
118
118lg
1940 J-J
1040 J-J
1931 M-N
1919 J-D
1931 M-N
N O & M 2d gold 6s__.__.1930 J-J
Paducah& Mem div 4s.__1946 F-A
9878 10112
Pensacola Div gold 6s
1920 M-S
6s__1921 M-S
"94" "9634
130
St Louis Div lst gold
2d gold 3s
"72" "foil
Atl Knox & Cin Div 4s._.1955 M-N
Atl Knox & Nor 1st g 5s..1946 J-D
93
96i4
9278
96
97
98i4
J'ne'13
118
_/il952
Q-J
N Fia A S 1st gu g 5s
1937 F-A
N & C Bdge gen gu g 4 Ms 1945 J-J
Pens & Atl 1st gu g 6s__
1921 F-A
S & N Ala con gu g 5s
1936 F-A
124l2
119U
9934 104%
L & Jeff Bdge Co gu g 4s.._1945iM-S
MISCELLANEOUS BONDS—Continued
Street Railway
New Orl Ry & Lt gen 4 Ms-1935
N Y Rys 1st R E & ref 4s
temp
30-year adj inc 5s
al942
Portland Ry lst& ref 5s
1930
Portland Ry Lt & Pow 1st
& ref conv
s
f 5s
1942
Portland Gen Elec 1st 5s_1935
fit Jos Ry. L, H & P 1st
g 5s 1937
8t Paul City Cab cons
g 5s_1937
Third Ave 1st ref 4s
1960
Adj inc 5s
al960
TrI-City Ry & Lt 1st ■ f 5«.1923
Underground of London—
4 Ms
—1933
Income 6s
1948
Union Elev (Chic) 1st
g 5s_1945
United Rys Inv 1st lien coll
trust 5s Pitts issue..
1926 M-
^JNo price
Friday; latest bid
on
Street
8712
73i* Sale
531* Sale
100
....
95'8
8584 Feb '13
733s
73i2
53's
54
101
95
85
33
167
8584
72l2
517g
79
6018
Jan '13
101
101
Mch'13
95
Nov'08
1031? Feb *13
785* Sale
675g Sale
96
92i4
84
9784
7858
7912
67i4
68i2
9734 J'ne *13
Next
...
92i2 J'ne'13
871* J'ne'13
84
Oct
71
J'ne'13
9212
9534
87
9312
'08
a
Di^e Jan.,
May'13
91
May'13
69i2 J'ly '13
Oct '00
97i4
9614 J'ly -13
9084
907g
10112 10258 1011«
1011s
100
07
Mch'13
100's 104U J'ne'12
99
104U 100i2 J'ne'13
104'g May '12
"9384 ~94"I8 94 May'13
106
111
May'13
1111* Dec '11
ioo"
105i2 Mch'13
90
9218
93
J'ne'12
iofif Feb" lo
103
104
107
Mch 12
107
Mch'13
96U Mch'12
94i2
"89
93
100
85
96l4 Nov'12
09U Oct *06
97
84
.85
86
Feb '13
J'ne'13
104i2 Dec 'OS
8812
90
90
95
J'no'13
Jan '11
110
Nov'06
103
Jan '13
104
104
Apr'13
95
03
Fob '13
11034
110i2
111
IO584
927g Sale
927g
96i2
105" 1063*
IO6I4 10914 105
10434
120U
J'ne'13
Mch'13
93
27
Sep '12
Mch'13
J'ne'13
May'12
Mch '13
U4ig Feb '13
90
91
J'ne'13
I05i2 Mch'13
1121* J ly 12
"62"" 66
695* Sep 12
8712 Sale
87i2
8778
1058s
109
103
111
14
Jan '13
106
Apr '11
91
80
.8814 J'ne'13
103l2 103U Feb '13
81
81
J'ne'13
95
IOO*
Feb '05
109if Oct '12
10U2 Jan T3
♦97
108U 110
11014 Oct '12
lO0i*J'ly '12
83
8S1*J 91i4Mcb'12
73i2 Mch'13
72
May 13
87
6U2 Sale
95
5U2
05
52
May'13
Gas and Electric Light
Bklyn U Gas 1st con
Buffalo Gas 1st g 5s
g
5s
1947 J-D
1945 M-N
Columbus Gas 1st g 5s__—1932 J-J
Detroit City Gas g 5s_.
1923 J-J
Det Gas Co.
con
10012
10U2 103
...1947 A-O
1st g 5s—1918 F-A
1933 J-J
Eq G L N Y 1st con g 5s___1932 M-S
Gas A Elec Berg Co c g 5S..1949 J-D
M-N
and asked Shis week,
J'ne'13
57
63
83
0 Rue Feb.
A-O
d Due April,
h Due July.
I63i"2
10312
60
54
J'ne 'U
9912
99
J'ne'13
90
9884
104
955* Sep OS
99i2 J'ne'13
106i2 Oct 13
100
Feb '13
101
mmmm
100
Oct '09
«
98
F-A
71
89
54
72
Va Ry & Pow 1st & ref 5s..1934 J-J
Det Edison 1st coll tr 5s.
89i2
.
Railway
Atlanta G L Co. 1st g 5s
103i2 103i2
771* 826jj
631* 7678
96U 99la
92
May'13
I02i2 J'ne'13
Page.
United Rys St L 1st g 4s...1934 J-J
St Louis Transit gu 5s
1924 A-O
United RRs San Fr s f 4s
1927 A-O
96
98
98" J'ly" 08
9378
50
s
Registered
118
117i2 J18
118
IOOU ioi78 9934 j'ne'13
10834 J'ne '09
1980 M-S
f g 6s-_1931 M-S
Kentucky Cent gold 4s
1987 J-J
L & N & M & M 1st g 4 Ms 1945 M-S
L & N-South M joint 4S..1952 J - J
96
93l2
J'ne'13
Render Bdge 1st
10056
96
93i2 J'ne'13
1933 J-J
Reduced to gold 434s_1933 J-J
5s
1930 J-D
.1937 M-N
NO&M 1st gold Gs_____1930 J-J
110
J'ne'12
95
92
94l2
92
102l2 105
88>2 94
5s_ol932 Q.1927 M-
Collateral trust gold 5s
E H & Nash 1st g 6s_
LCin & Lex gold 4Ms..
Nov'11
95
....
10
gu
Registered
" "09"
Mch'13
con g
Unified gold 4s
1073s 108
May'12
J'ne'13
19G1
Registered
" "87
10112
11 li2 May 12
....
J
M1934 J1949 (VI-
Louisiana & Ark 1st g 5s
Louisville & Nashville1—
General gold Gs
06
1033
J-J
.1st consoi gold 6s____._1933 J-J
"
JM-
Debenture gold 5s
Guar ref gold 4s.
iiegistered
.1949 fVJNYB&MB 1st con g 5s_ 1935 AN Y &,R B lstg 5s
1927 M
122"" 124"
96
921i Aug'12
95ij
1914 A
.1938
^__1922
4s__t___
......1932
Unified gold 4s...A.\
..1949
loo " In "
12
J'ne'13
J-
gold 5s_hl931 Q/jl931
...
lOOig J'ne'13
1031* Aug 12
Dec
cons
Gold
82i4
«77%
65
Oot '09
1914 A
Ferry gold 4Ms.
87"% "90""
6684 Sale
66I4
6684
10984 110
Apr '12
104i2 I08i2 106
Apr '13
106
109
May'12
124i8 122
J'ne'13
Feb'11
90
94isJ'ly
1945 M-
1st consoi gold 4s
General gold 4s
Apr '12
8712 J'ly 13
6834
691»
1071'2
1933
Long Isld 1st
Sep *12
70
114
lifij May'lo
1945 M-
Registered
"82"" "87""
833a
;
104
111
1933 J-
E1 C & N 1st
pref 6s
Gold guar 5s
11584 J'ne']2
F-A
J-D
J-J
" 10318
103
111
1959 J-
5s_1933 J-
Registered
90®4 Oct '12
A-O
100
"97"
109U 115
Feb *13
94
70
110
Nov'00
" Feb" "13
90
J-
10914
109i2
10U2 J'ne'll
Aug'12
S5ij Oct "'12
101i8 Oct *99
♦77i2
-
J
M
J
MJ
g
109i2 Sale
M-S
75
86
lst4s___1960 J| ake Erie & W 1st g 5s_
1937 JLi 2d
gold 5s
11941 JNorth Ohio 1st gu
g 5s
1945 ALeh Vail N Y 1st
gu g 4Ms 1940 JRegistered
___I1940 JLehigh Vail (Pa) cons g 4s_2003 MLeh V Ter
Ry 1st gu g 5s___1941 ARegistered
1941 A
82
97
May '99
751« Aug '12
7512 Mch'12
"70
Kan City Sou 1st gold 3sl11950 A
A
Registered.
1950
10414 104U
Mar'13
106ij Mch '08
12.3
"69
Ref & inipt
5s._a_I"Apr~1950 J
Kansas City Term
1041* Mch'13
104
....102
78
Sep '04
....
"""1951 J
Jamestown Franklin
Clearfield 1st 4s
8514
v'81
Jan '08
84
7934
84
13
13
1951 J
.
4sl"~"195l F
I
1951 F
4s~~~"1951
Refunding gold
Mch'08
84
*
90
Feb
100
R egistered
;
III1951
St L Sou 1st
gu g 4s
..1931
Ind III & la 1st
g 4s......11950
lnt & Great Nor 1st
g 6s ""1919
lowa Central 1st
gold 5s... 1938
611* Apr *11
110
93
Registered.
Memph Div 1st
~89l2
109
82
v_
g
Registered.
9578
71
-
Bellev & Car 1st 6s
1923 J
Carb & Shaw 1st
g 4s""~"1932 M
Chic St L & N O
g 5s
"1951 J
Registered
1951 J
Gold 3Ms
III
1951 J-
99
"82" " "8334
1951 J
""1951 J
ii"oV8 ifo'sj
9584
89
*75l8
3MsI"I"1951 J
Registered
Western lines lst
03
85
g
102l2 10618
94i2 97
85
69i2 Sale
Ill
Registered
Spring Div 1st
1113g
90
"1951 J
Gold 3 Ms
10
9634
J'ne'13
85
IIII ~77i2
....
Registered
101
1921
1933
M-
Louisv Div & Term
M-N
Ft W A Rio Gr 1st g 4s
...
gold
-
1953 M-
M-S
* C B A
Ci reat Northern— 4s
Q coil trust
Registered
Bridge
3
Litchfield Div 1st
IOU4 10318
104l2 10512
85
92
101i2
,
Cairo
9412
104i2108
9414
9412
84i4 8412 8412 J'ly 13
113i2.*.
12112 May'12
S0i2 81
8012
80l2
93i2 Mch'13
102
v
947g
94U Sale
09
105
.
9312 Apr '13
9434 Jan '11
9478 J'ly 12
75i8Nov 12
81
May'13
83
Aug '12
89
Aug'01
105
A 1861
83
94
L N O & Tex
gold
R egistered
4sIIIII1953
2612
Mch *12
J-J
ser
81
3614
J'ne'13
1st general gold 5s
.1042 A-O
Mt Vernon 1st gold 6s_._1923 A-O
Bull Co Branch lstg 5s
1030 A-O
Registered
93l2
90*
25
90
J-J
Wilk A Ea 1st gu g 5s
1942 J-D
Bv A Ind 1st con gu g 6s
1926 J-J
Bvans A T H 1st cons Cs___1021
St Paul M A Man 4s
1952 A-
1952 J
25
90i4
J'ly"09
9312 Ma"y'i3
95U Sep '12
1955 M-
.
lst ref 4s
108
149
97
A-
Purchased lines
May'10
965]} Sale
"80"
M-
1951 M-
4s___I~I_Il952
J'ly '13
M-S
J-D
Sep ',11
887g Feb '13
88ij Feb 13
93i2 May'U9
1951 A
89
9058
9H4
92
Apr 13
92i8 Apr '13
lOOU Deo '12
100
Mar'13
1951 A-
I"1951
4934
104i2
Apr'13
100
79
102l210558 102i2 J'ly '13
93
95
94i2 J'ne'13
102i8 Feb 03
10718 nn 1105s M ch *13
M-N
9218
♦98
J
35
lllSg Dec
"82 " "84
1943 M-N
1940 A-O
1921
UsI
3
g
sterlingll
CoiJ trust gold
IOH4 J'ly '13
104i2 J'ne'13
104
10912
F-A
1937 F-A
Registered h
1st A refunding 4 Ms
lsfc gold 3s
"
90
9612 "98
97l2
98
9612 100i2 Sep '08
J
J'ne'13
100
M-N
1940 F-A
1Florida E D Co lst g4434s_. 1959
ort St U Coast 1st
34s .1941
Extended 1st
Registered
120
J'ne'13
104t2 J'ne'13
93
1951 J
1951
...
J-J
Long Dock consoi g 6s.._1935 A-O
Coal A RR 1st cur gu 6s..1922
M-N
Dock & Imp 1st cur 6s...1913
J-J
N Y A Green L gu g
5s___1946 M-N
N Y Sus A W lstref 5s_I_1937
J-J
gold 4 34s
Hs.______
Registered
ifo"i2 ifo"i2
35
93
9058
91U Sale
9P4
104i2 Sale 104l2
M-N
1951
1st gold 3
120"
No.
J'ne'll
136U May'06
105i2 May'13
--
..
103i2
,__£l952 J
4 Ms
1999 J
~"1U99 J
Registered
J'ne'13
79
3512
25'a
9U4
n
2d
10514
90"" "fid"
'12
Registered
35
J-J
1953 A-O
1953
General gold 5s
Terminal 1st gold 5s
Mid of N J lstext5s__
i04_78
J'ly '08
80
....
cons g
Registered
Registered
75
A-O
do
Series B
Buff N Y & Erie 1st 7s___1016
Chic A Erie 1st gold 5s
1982 M-N
Clev A Mahon Va, g'Ss—1.938
J-J
.
I lock Vai 1st
"
98
..1937 J
.
H V 1st ext
g 4s
1948 A
Col& Tol 1st ext 4s
1955 F
Hous Belt & Term
lst5s"""H137 J
Tllinois Central 1st
gold 4s 1951 J
A
Q-J
Apr
__
_
Col A
Mch'13
94
1047 M-N
gold 5s
1919
3d ext gold
434s
1923
4th ext gold 5s
;
1920
5th ext gold 4s
1928
NYLE&W 1st g fd 7s..1920
Erie 1st con g 4s prior
1996
Registered
i...19 9 6
,1st consoi gen lien g 4s.._1996
Registered ....
.1996
01
12112
A-O
1937 A-O
ext
87
Registered
SI
CQ
96U Apr '13
120
120l8
U0i2
10458
WillAS Fist gold 5s...1»38 J
Gulf & S 1 1st ref &
tg5s_„6l962 J
1
11
■ 120" Mch"'13
124
8914
108
1937 J
High
9258 Mch 11
97
Sep 12
114U Sep 12
97
1922 J
1937 J
5s
Registered
'07
Dec
89%
101i2 J ne '13
....
un
....1016 J-J
So Shore A At g 5s
1937 J-J
2d
Oct
90
....
N Y A Erie 1st ext
g 4s
90
100" un 1071fi J'ly
1936 J-J
.1928 J-D
Elgin1st consoi gold 7s 5s..1941
Jol & East 1st g
rie
.1920
90
Mch'13
91
Apr *12
10478 Mch'13
9712Nov 12
....
93
3:?
Det A Mack 1st iien
g 4s__^1995 J-D
Gold 4s__
.1995 J-D
Det Riv Tun-Ter Tun
4Ms.l961 M-N
Dul Missabe A Nor gen 5s_1941
J-J
Dui & Iron Range 1st
5s.^.l937 A-O
Du
92
....
10478
MtgeA col trust. 4s A
1949 A-O
Utah Cent, 1st gu
g 4s.cl917 A-O
Des Moi Un Ry 1st g 5s...1917
M-N
6s
92%
92%
91
M-N
.
9014
92is
9534
4s 1948 A
1937 J
1st guar gold
881*
9178
1040 J
g
Registered
90
1st & refunding 5s__.
1955 F-A
Rio Gr June 1st gu
g 5s... 1939 J-D
Rio Gr So 1st gold 4s
.1940 J-J
Guaranteed
.^..1940 J-J
Rio Gr West 1st g 4s
1939 J-J
Registered
8684
89U Feb '13
90
J'ne'13
90io
1915 J-D
Consoi gold 4 Ms
Improvement gold 5s
"8*6"34
Minn Union 1st
g 6s
Mont C 1st gu g 6s
90
...
M-S
1st ref gu g 3Ms_____2000 J-D
N Y Lack A W 1st 6s
1921 J-J
•1st & ref 4s__
1943
Alb A Sus conv 3
Ms
1946
Rens A.Saratoga 1st 7s...1921
Denv & R Gr 1st con
g 4s..1936
ext guar 4s £
E Minn Nor Div
1st
9078 May'13
8984 May *13
85i2
1915 J-D
Construction 5s.
1923
Term & Improve 4s
1923
Warren 1st ref gu g 3 Ms__2000
Pel & Hud 1st Pa Div 7s.._1917
Registered
1917
10-yr conv deb 4s.
1916
1st iien equip
g 4Ms
1922
Pacific
12
Ask Low
1937 J
98U 100%
8684 Feb '13
un "90
.1937 J
Range or
Last Sale
11
Bid
xcvii.
Week?*
Friday
July
(Continued)—
Registered
Mch 11
103" Dec"
105
8912
General consoi gold Gs__1934 J-J
& W 1st pref 4s
1940
OInd& W 1st pref 5s._.c/1938
Peo A East 1st con 4s
1940
Income 4s
1980
Col Mid and 1st
g 4s
1847
Trust Co. certfs. of
deposit...
Colorado & Sou 1st g 4s
1929
Refund & ext4Ms
1935
Ft W & Den C 1st
g 6s...1921
Conn A Pas Rivs 1st
g 4s..1943
Cuba RR 1st 50-yr 5s
g ..1952
St P M & M
10712 Dec '02
J-D
Cln S A CI con 1st
g 5s
1923
CCC&l consoi 7s
1914 J-D
Consoi sinking fund 7s__1914 J-D
Ind B
High
Price
Y. STOCK
EXCHANGE
Week Ending July 11
Mont ext 1st gold 4s
98U Mch'13
1990 M-N
Spr & Col Div lstgds
1040
W W Val Div 1st
g 4s
1940
C I St L & C consoi 6s____1920
1st gold 4s
__/cl936
Low
'86U J'nV'12
1935 J-J
gen 4s._1993
No.
High
[Vol.
2
BONDS
N.
Since
Jan. 1
97
mi
1935 J-J
Range
or
Last Sale
101i4 10084 Oct '12
91i2
1931 J-J
Cairo Di v 1st gold 4s
1939 J-J
Cin W & M Div 1st g 4s__1991 J-J
St L Divlst coll tr g 4s
1990 M-N
2d
Range
Ask Low
1937 J-J
1959 J-J
1st guaranteed 4s
1959 J-J
Cln D & 1 1st gu g 5s
1941 M-N
C Find & Ft W 1st gu 4s
g_1923 M-N
Cin 1 & W 1st gu
g 4s
1953 J-J
Ind Dec & W 1st
g 5s
1st guar gold 5s
Week's
Friday
July 11
Bid
Cin HA D 2d gold
4J^s
1st & refunding 4s
Record—Continued—Page
100U 10212 101
J'ly '13
981* Sep '12
* Due Aug,
---
-
0 Due Oct.
*
Option **!•«
July 12
New York Bond Record—Continued—Page 3
1913.]
*3
T. STOCK EXCHANGE
Week Ending July 11
Price
it
BONDS
N.
I
Friday
July 11
Bid
Vff anila RR—Sou lines 48.1036
J*1
ex lean
Wert'i
Range
ill Lou
Stamped guaranteed
100
75
1st ft refund 4s
;
2004 M-S
Gen sinking fund 4^s
1936 J-J
St Louis Div 1st ref g 4s..2001 A-0
81
1st ft
ref
conv
Leroy ft C V A L 1st
1929
Riv ft G Div 1st g 4s
1933
Verdi V I & W 1st g 5s—1926
gold 6s
1927
gold 6s.__.M927
new
.1938
Montgom Div 1st g 5s
1947
St L & Cairo call g4s____cl930
Guaranteed gold 4s__
1931
91*4
92ij
93*8
Dec '12
Mch '05
104
"78" "§0"
101*4 103
100
106
78
" *82%
"79" "Sale
79
79
77*2
Jan *13
96
96
114
Apr '13
112*4 Jan '13
114
98
" 11-4*8
110
8d"III
80
J-J
J-J
85%
107*8 109
92
J'ne'13
100
101
105*2
105
108*4
Jan '13
111
111
Jan '13
J'ly '04
105*8 105*8
J.
"
105*4 105*2
111
107*2
105*2
102*4...
113
102*4—77*2 84
...
Apr'13
77
Feb *13
76*4
967g
.1951 A-O
72
75
75
N O Mob & Chic 1st ref 5s.1960 J-J
NO Jc NE prior lien g Gs._pl915 A-O
51
45
100*2 102
New Orlean: Term 1st 4s..1963 J-J
N Y Central & H R g 3>$s.l997
>
Registered.
1934 M-N
Debenture gold 4s
Registered
1034
Lake Shore coll g 3HS----1993
Registered..
1993
Mich Cent coll gold 3Hs-1998
Registered
'
1998
"Beech Creek 1st
J- J
i_1997 J-J
'
gu g
4s__1936
M-N
F-A
F-A
F-A
F-A
J-J
1936 J-J
1936 J-J
1936! J-J
Registered
2d guar gold 5s
.Registered
Beech Cr Ext 1st g 3H«-M951
Cart & Ad 1st gu g 4s....1981
Gouvft Oswe lstgug 5s__1942
Moh ft Mai 1st gu g'4s_..1991
iNJ June R guar 1st 4s
1986
Registered
1986
•
Rutland 1st
con g 4J.$s---1941
Og& LCham lstgu 4sg 1948
Rut-Cauad 1st gu g 4s_.1949
fit Lawrft Adir lstg 5s__.19Q6
2d gold 6s_—
;;
1996
Utica& Blk Riv gu g 4s
1922
Lake Shore gold 3^s
1997
Registered
1097
Debenture gold 4s
25-yr gold 4s
J -D
J-D
M-S
F-A
F-A
M-N
M-N
A-O
A-O
A-O
J-D
j.j
J- J
J-J
J-J
A-O
J-J
J-D
J-D
-1928M-S
...1931 M-N
1931 M-N
Registered
Ka A& O R lstgu
5s..1938 J- J
MabonO'lRR 1st 5s...1954 J-J
Pitts ft L Erie 2d g 5s_.i.al928 A-O
86*4
88*2
May'12
87*a
91*2
93
78*2
78*4
77*2 J'ly '13
77
J ly *13
77*2 May'13
98
Apr'13
Sale
78*8
76*4
79*4
....
75
99
100
127
"76*1 *83
76
80*4
75
80
76
77*2
98
98
May *11
...
5s
Registered_
Registered.
1931 M-S
Oct'12
88
..
"98%
"9012—;:
Jan '13
Series
98*s
20-year debenture 4S...1029 A-0
N Y Chicft StL lstg 4s..1937 A-O
Registered
Debenture 4s.
83
I—11671*2
93
Oct '02
105
107
ex
Tol WV&
" Feb'*13
105% 107
101
10278
101
101
—i
104
90
IIII
....
n
115
.-•••••
90
0
Apr'13
83*4 Feb '13
92
I III 1091*2
10278
J
ne
107
84
'09
108
Sep '12
119*2 Mch'12
84%
86
90i2 Sale
90
9078
85*2
8412
90*4
89*t
86*2
86*2
84*2 May'13
90*2
91
9034
91
93
Oot '12
88*2
88
92*4
92*8
110*2 in *2 Meh'li
105
Apr *12
130*s J*n '09
123*4 Mch *12
101
106
...
♦III!iia ~ ill * Jan"'12
119
Sale
88
100
99
....
Apr '12
83
85
85
*
9434
....'
93i2
—
83
II "87
85
1
94
94*4
943i
97*2 Jhn '
85
86*2
85
May' 13
—
102%
110*4111%
83
91%
88
J'ly
99
13
....
96*2
"99*4 "0912
....
100*8
100
F-A
99* Io5%
99*s
99*8
96*4
96*s 141
96*s J'ne'13
24
99*8
995s
99*4 Feb 131....
99*2
96*4
■mi "99
99*8
102
06
97%
96*s
97
98*4102%
99*4 99%
Sep '12
*99*8
99*2
Jan '03
100
"
101*1 May'12
M*S
.
—1947 J-J
101%
99% 101%
102
102
100*2
....
83*4
102
10*
102*4102%
102
102*4 May'13
87
87
87
May'13
97
....
82
81
....
80%
84%
*85%
J'ne'13
84*8 J'ly 'IS
87*4 Jan '12
94
May'13
921s Feb *13
88*4
84*2
94
87^ 1
85*8
85*s J'ne '13
83*4
96*s
♦95" nn
110
100
97
91
94
92*|
90%
92%
86%
86%
107*4 Deo '11
109*4 J'ly '09
91*4 Feb '12
90*8 Oct '12
102
•
87*8
Jan '05
90
May 08
86*2 J'ly *13
90*8 J'ly '12
101*2 Feb 13
101% 101%
109
May TO
♦95*2.... 1021s J'ne'12
98
102*8 Nov'12
95
98
95*8 Get 12
...
92%
Mch'13
101
105*2 101*2 May'13
101
101
101
104
1)06 J'no 11
92*2 J'ne'13
90
Apr '13
.95*4 Jan '13
97*2 Jan 13
IIII"98
92%
103%
101%
*92% *92%
90
95%
90
95%
07% 97%
106
J'ne'13
106
108
106
Feb *13
106
100
mrnmfm
mmmrn
93*2 Jan '11
95
Jan'13
54
54
547$ May'13
51
54%
54
IIII *60
98
100
Oct'12
100% 100%
lOOii Apr '13
104
95
..,
96
90*2
....
90*2
9012
"75"
May'13
IIII "74
Apr *13
113*4 Nov'11
94*8
95
95*4 Apr '13
95
"93" "95"
IIII
94
81*2 "80"
96%
"75 " *88%
106
108
94*2
96
90%
Feb *13
90
25
95%
91%
J'ne'13
108
"91*4 V'fi
90«i
96%
J'ly"*"l3
t Louis & 8an Francisco—
98*2 Nov *11
90
J'ne'08
82*s
101
99*2
99*2 09*2
110
Mch'12
105
J-D
....1942 M-S
^ t Jo ft Gr Isl 1st g 4s
J'ne'06
98
92%
" 113*
J'ne'12
98
cons 5s_1927 M-N
Ogu4HsA—.1931 J-J
1933 J-J
681
113
J'ne'13
88
g4^8.1941 J-J
68*4
90
93
1940 J-J
lstgu
95*8
98%
97%
65
91*8 Apr'11
1107s_... 1107s Apr '13
M-N
M-S
,
Jan '12
101
....
1953 J-D
1957 M-N
C StLft P 1st con g 5s
1932 A-O
Peoft Pek Un 1st g 6s
..1021 Q-F
2d gold 4Ms—
51921 M-N
Pere Marquette—Ref 4s
1955 J-J
Refunding guar,4s.......1955 J-J
Ch ft W M 5s
1921 J-D
Flint & P M g 6s.
...1920 A-O
1st consol gold 5s......1939 M-N
Pt Huron Div 1st g 5S..1939 A-0
Sag Tub ft H 1st gu g 4«^
1951 F-A
Philippine Ry 1st 30-yr s f 4s '37 J
Pi'.ts'Shft LE lstg5s
1940 A-O
1st consol gold 5s_.......1943 J
D eading Co gen g 4s
1997 j-J
Av
Registered
1397 J-J
Jersey Cent coll g 4s
^
1951 A-0
AtlanCity gu4sg_......i951 J-J
9978Noy'll
"86*2 *87*"
84l2
91ls
93%
63%
100*2 10U2 Oct '12
111
113 'Mch'13
115*8 Aug '11
112
Series F gu 4s g
Series G 4s guar
* *9*0
83*4
107
83
92 j
105*4105%
May'13
Apr'13
94
Series D 4s guar.......1945 M-N
Series E 3Hs guar g
1949 F-A
102% 106%
J'ne'10
1111 "80*
....
65
66*4
....
C&StLgu4HsA—1940 A-O
........1942 A-O
Series C guar.
*......1942 M-N
Mch *12
1127t
lltlfl
98
103
J'ne '13
....
PC
131*2 Jan "'09
103
* "92*5
99
105*4 Jan '13
84
84*2 J'ly '13
91*2
91*® Sale
917s
93*4 j'ne'13
637g
"63*5 "63*4 63*2
-■
Series B 4 *^s
Series C 4s.
9778 Aug '11
112* l—_
88
104
102
104
Series B guar
102
83
84l2
100
Pitts Y & Ash 1st
1987 A-O
,19.31 M-N
Co—
O—
Gr R ft I
".85" ;::~ "87*2 Dec"'12
.1031 Q-M
1940 J-J
_._194(rj-J
J L & S 1st gold
3Hs—.1951 M-S
1st. gold 8H3.i
.1952 M-N
103*2 102*2
....
-t>
102*2
88*4
Apr'13
103"
M-N
J-J
J-J
i
115*2 120t|
88
99
20
Jan'11
102
4^3—-——'1921| J-J
Registered
;;
—.1021 J-J
Guar, 3Hs coll trust reg
1937 M-S
Guar 3 Us coll trust ser B.1941 F-A
Trust Co ctfs gu g Sjks
1916 M-N
GuarSHs trust ctfs U
1942 J-D
Guar 3 yis trust ctfsD....1944 J-D
Guar 15-2 5-year g 4s.....1931 A-O
Cin Leb ft Nor gu 4s g
.1042 M-N
CI ft Mar 1st gu g 4H8--1935 M-N
CI ft Pgengug4Hi8ser A1942 J-J
Series B_.__
1042 A-O
Int reduced to 3^s
1942 A-O
Series O 3 Hs—...
1948 M-N
Series D 3Hs..
......I960 F-A
Erie ft Pitts gu g 3Hs B..1940 JrJ
87
82
120
123
123
13
98
99*4
100
118
93*4
88*4
Guar 1st g
c
McKeesft B V lstg 6s..1918 J-J
4s
82
J'ne'13
88*4
88*2 Sale
"78*4
"87**2
83
85
Pitts McK & Y lstgu 6s. .1932 J-J
2d guaranteed 6s
U...1934 J-J
Michigan Centra*
Pennsylvania
"so" "82"
....
87
79*2
Jan
92*4
104
1061
5s.. 1946
Phlla Bait ft W 1st g 4s—1943
Sod Bay ft Sou 1st g5s__ 11924
Sunbury ft Lewis 1st g 4s_1936
U N J RR ft Can gen 4s
1944
9678
46
79*2 May'13
82
J'ly *13
A-0
N Y ft Harlem g 3Hs-___2000
Registered
2000
N Y ft Northern 1st g 5s..1927
N Y ft Pu 1st cons gug 4s.1993
Nor ft Mont 1st gug 5s
1916
Pine Creek reg guar 6s
1932
R W ft O con 1st ext 5s__/il922 ArO
Oswe & R 2d gu g 5s
cl915 F-A
RWJtOTR lstgu g 5s..1918 M-N
.
48
May '13
J'ne'13
96*|
100
115*2 J'ne'13
90
Registered
ol915
Consol gold 4s_«
1948
Alleg Val gen guar g 4s
1942
D R R R & B'ge 1st gu 4s g '3<J
76*2
1st consol 4s
123
88*4 89
10212 104
......1943 M-N
Convertible gold 3 Hs...01915 J-D
78
W67$ Feb *13
....
prior lien 4^8-1920 J-J
83*4
...
Consol gold 4s_.
82**8 "88*2
75
97
NatRysofI.Iexprlien4Hsl957 J-J
Guaranteed general 4s... 1,977 A-O
Nat of Mex
98*4
92*1
86
ennsyivania RR—
Nov'12
100
85
g
110
Aug'09
85
119
1st real est g 4s.......... 1923 M-N
Consol gold 5s
.—1919 M-S
857g Deo '12
99*4
105
pacific Coast Co 1st
L
"90il
86*2
817S
93
Oregon-Wash lstft ref4s
80
107*2 J'ne'13
♦.— 110
117*4
112*4 112*4
J'ne'13
110
12
87*2
86
IIII121
1st consol gold 4s
Wash Cent 1st gold 4s....1948
Nor Pac Term Co 1st g 6s
1933
83*2
j
99*2 Meh'12
83*4 Feb '13
-.1917
..1968
5s
87
126
90*4
Feb'13
86*2
0212 J'ne'12
89*s Feb '12
97*2 977g Apr '12
100
Mch'13
118
Apr '13
907«
St Paul & Duluth 1st 5s—1931
2d
75
89
...1955
Registered certificates..1923
79
8Qtt
88*|
87
117
40
80
86
_
Oct '12
79
86*4
107
...
807s Oct '12
J-J
g 6s
1923
McM M VV ft Ai 1st 6s...1917
T & P Branch 1st Gs__
1917
88
90
92*2 Apr '13
101*4 J'ne'13
100*2
100*4
100*2101
1928 A-O
Jasper Branch 1st
787a
81
VjashvilleCh & St L 1st 7s 1913 J-J
1st consol gold 5s
99*8
84
90l4 Mch'13
110
....
86
1944
10-25-year conv 4s.....1932
10-20-year conv 4s...—1932
Convertible 4^s (wh.to0l938
Pocah O ft C joint 48...1941
C O ft T 1st guar gold 5s._1922
Scio V ft N E 1st gu g 4s—1930
Northern Pacific prior 1 g 4a 1997
Registered
—1907
General lien gold 3s.....a2047
Registered 1
a2 047
St P^ul-Duluth Div g 4s
1996
Dul Short L 1st gu 5s——1916
St P ft N P gen gold 6s... 1923
106*2
95*2 100
79
88
1051s
Div'l 1st 1ft gen g 4s
103
May'13
110
9212
—
IOH2 101*2
79
Apr'13
J'ne'13
118
97*f
-.•«
....
J'ne'13
....
ft West gen gold 6s...l931
Improvement & extg 6s..1934
New River 1st gold 6s....1932
N & W Ry l8tconag48...1996
Registered ............1996
64" "76*4
90
91*4
87
High
08*4
LOU
No.
99*4 Nov'12
9912 J'no '12
Norf
103
64*2
96*2 May 11
75*4
Norfolk Sou lstft ref A5s..l961
Norfft Sou 1st gold 5s_.._.1941
102*4 108
103*2 104*2
97U 101*4
92"
82
77
80
Sale 117
....
117
4s....pl992
General 4s
877?
92
90
86
Registered $5,000 only._{7l992
78*4
"102
96
93
4
...
87
82
9
91*8
100i2 J'ly '11
J^s__.—1956
N Y Oft W ref lstg
77%
102
64
96*t
Sale
-
9912
93
88*2
NYW'ches&B lstser 14^8 46
N H ft Derby cons cy 5s..1918
New England cons 5s....1945
Consol 4s
1945
Providence Secur deb 4S..1957
95*4
81*4
67*4
79*2
•77*2
104%
95*4
92
Sale'
79
Unified & ref gold 4s____1929
1st extension
IIII "92
64*4
74
High
91
Cent New Eng 1st gu 4S..1961
Housa tonic R cons g 5s._.1937
May'12
97
90
BtL Ir M&S gen con g 5s_193l
Gen con stamp gu g 5s..1931
Genera! gold 4s
105*4
105*4 103
96*4 95*4
....
F-A
J-D
J- J
F-A
J-J
A-0
A-0
J-J
J-J
M-N
M-S
J-D
Q-J
M-S
F-A
Q-F
J-J
5s_192«
4s_.1938
1938
Registered
97*4
.100
103
M-S
F-A
F-A
Wl-8
M-N
g
Pac R of Mo 1st extg
2d extended gold 5s
Mob ft Ohio
101*2
..1059 M-S
5s
75
....
891J
97*4
70
79*2
81
78*4 Apr' 13
102
Apr '13
82
May'13
102% J'no'13
103
Apr *13
97*4
97*4
96
May '13
IOH2 Mch'13
100% 102%
stamped__al917M-S
Cent Br Ry 1st gu g 4s—1019
Cent Br U P 1st g 4s
1948
70
~82 ~ "'
—
627t
9l" "97"
J'ne'13
98is Mch'11
897«
90*4
74*2
7412
98
J'ly *13
Sale
....
...1040M-N
1990 F-A
Mo K & E 1st gu g 5s_.__1942 A-0
MK&Ok 1st guar 5s_
1942 M-N
M K & T of T lst gu g 5s.1942 M-S
Sher Sh ft So 1st gu g 5s..1942 J-D
Texas ft Okla 1st gu g 5s_.1943 M-S
Missouri Pac 1st cons g 6S..1920 M-N
100
Slnot
Jan. 1
93
Conv debenture 6s
..1948
Harlem R-PtChes 1st 4s_1954
B & N Y Air Line 1st 4s..l955
79*4 Dec '12
70%
98*2
71
....
Dai & VVa lstgu g5s
Kan O ft Pac 1st g 4s
al917
1st collateral gold 5s—...1920
Registered
1920
40-year gold load 4s
1045
3d 7s extended at 4% ..1938
59
07% J'ne'12
96i4 May *12
1044 M-N
Registered
88
May '13
92%
89% Sale
.
Trust gold 5s
J'ne'13
59
s
r^no
1955
...1956
Non-conv 4s__
7984
9578
Mississippi Central 1st 5s._1949 J -J
Mo Kan & Tex 1st gold 4s_. 1980 J-D
2d gold 4s
(?1990 F-A
Latt Salt
—2361
tr 4Hs 1932
Non-conv deben 4s
Conv debenture 3
88
91
Range or
July 11
N Y Cent Lines eq
N Y New Haven ft Hartf—
93
96%
WeeJPt
Friday
®a,
H R—(Con)—
West Shore 1st 4s guar—2361
.....
Many*
Prue
|f
N Y O ft
High
Registered
59
1st Chic Terml s f 4s.
1041 M-N
MSS4A 1st g 4s int gu.1926 J - J
_
Lou
124l2 Oct '12
110*8 Aug'11
108
88
1st consol go d 5s
1934 M-N
1st jftnd refund gold 4s
1949 M-S
Des M & Ft D 1st gu 4s..1935 J-J
M StP&SSM con g4slntgu 1938 J-J
gold 5s
NO.
Nov'10
79
1927 J-D
1921 A-0
sxt
High
"77'McPio
1977 M-S
Minn ft St L 1st gold 7s
Pacific lixt 1st gold Cs
Y.
Week Ending July 11
"25*1 Apr" 09
Equip & coll g 5s_.
1017 A-0
Mex Internat 1st con g 4s._1977 M-S
1st
N.
Since
Jan. 1
M-N
Cent lnc g 3s tr rects.
BONDS
STOCK EXCHANGE
Range
or
Latt SaU
105
991|
97*2
97*2
83*2
J'no'
'
89
96*s
70
J'ne'13
105
95*2
95*2
85*2 Deo '12
51*8
52
93
105
105*s
General gold 6s.........1931
General gold 5s
-.1931
;3t L ft 8F RR cons g 4sr.1996
Gen 15-20-yr 5s...
..1927
Soutkw Div 1st g OS—..1947
Refunding gla
......1951
R egister ed
...1951
73
5lh Sale
69
105
*51*4 *82*5
Jan'13
100
67*2
69
80*4 Mch'11
65
100
67*2
_
114%
100
76%
MISCELLANEOUS BONDS—Continued on Next Page.
Gas and Electric Light
Gas and Electric Light
Kings Co Ei L ft P
g 5s
1937
Purchase money Cs..
..1997
Convertible deb 63
1922
Ed El 111 Bkn 1st con g 4s_1939
Lac Gas L of St L 1st g 5s.el019
Ret and ext 1st g 5s
Milwaukee Gas L 1st 4s
Newark Con Gas g 5s
NYGELH&Pg5s
Purchase money r4s
Ed El 111 1st cons g 5s
A-O
A-O
M-S
J-J
Q-F
1984 A-O
1927 M-N
1948 J-D
1948 J-D
..1949 F-A
1995 J-J
con g 5s 1930 F-A
N Y & Rich Gas 1st g 5s...1921 M-N
Pacific G ft El Co Cal G ft E
NYftQElLft P 1st
(
Corp unifying ft ref 5s
..1937 M-N
Pac Pow ft Lt 1st ft ref 20-yr
I
5s Internat Series...
1930 F-A
Pat ft Passaic G ft E 5s
1949 M-S
e
m
m
mm
101
m
m
m
107
101% 101
102*2
99*b 102
88%
100%
101
90
103"%
86*2
82
106% 108*2
99*2 101*8
100
92% J'ly '09
91% 92%
95
♦99
...
a
92
92
12
94% Mch'13
102% J'ly '12
Dua Jan.
*112
Peo Gas ft C 1st con g 6s
1043
.1947
Registered
.....1947
Ch G-L ft Cke 1st gu g 58.1937
Con G Co of Ch 1st gu g 5sl936
Ind Nat Gas ft Oil 30-yr 5s *36
Mu Fuel Gas 1st gu g 5s—1947
Philadelphia Co conv 5s...1919
Conv deben g 5s...
...1922
Stan Gas & El conv s f 6s
1926
Syracuse Lighting 1st g 5S..1951
Syracuse L ft P 5s
—1954
Trenton G ft E 1st g 54....1949
Union Elec L & P 1st g 5s.. 1932
Ref ft ext 5s
......1933
U tica El L ft P 1st g 5s
1950
100
Refunding gold 5s..
100%
100
Feb '09
J'ne *13
103% 102
J'ne'13
93
Mch'12
t Due Feb.
96
91
94%
94%
Utica Gas ft E ref 5s
Westchester Ltg
e
Due MaV.
a
g
Due June,
100
92
93
98" 103%
102
100*4 Aug'12
*95
97% May'13
93% 97% Feb 13
95
93%
94*4
101
100
102
97%
07*2
*97%
97
102
92
93
98
93% 100%
Dec'11
85% J'ne'12
100
100%
97
92
Feb
01
J'ne'13
J'ne'13
99
100% Dee '11
101*2
101% 101%
1957
5s......1950
ft Due July.
115% 116%
99% 101%
116*4 May'13
99*4
99*4
103
....
"88"%
100
82*2
83
106% Apr '13
104% 106
100
101*8 100
114
88%
-
8234 Sale
No Price Fridear: latest bid and eaksd.
101% 104*4
104*2 101%
101%
107
J'ne'13
108%113
Dec 12
124% 122
88% Apr '13
101
101
Sale 101
99% 99% J'ne'13
88
88%
89*2 88%
103
106% Apr '12
0
Due Oct.
p
Due Nov,
6
t
101% 106%
Optima Njfe
„
106
New York Bond
BONOS
I
K.
STOCK
T.
EXCHANGE
Week Ending
July 11.
K O Ft 8 & M
con g 6s
1928 M-N
K C Ft S & M Ry ref g 4s_1936 A-O
Registered
75
gu g
Seaboard Air Line g 4s....1950
Gold 4s stamped
...1950
"79"% Sale"
J-J
J-J
A-O
A-O
Registered
Adjustment 5s
A-O
M-S
J-J
1918 J-J
Fla Cent & Pen 1st g 5s
1st land gr ext g 5s
Consol gold 5s
Ga & Ala Ry 1st con 5s
791*
81
76
81
\\Jabash 1st gold 5s_....
*»
2d gold 5s
♦
...
"85"" "85%
79%
73
79
84%
88
J'ne'13
90
9178
103% 103%
103U Jan '13
104
Do
107
J'ne'12
104
104
104
Apr '13
10284 Apr '13
103
....
105
10284 103%
May'12
106is 105
Columbia Tr Co ctfs..
2d gold 4s
Trust Co certfs
Wash Terml 1st gu
G H & S A M & P 1st 58.1931 M-N
Gila V G & N 1st gu g 5s. 1924 M-N
Rous E & W T 1st g 5s
1933
1st guar 5s red
1933
H & T C 1st g 5s int gU..1937
Gen gold 4s int guar
..1921
Waco & N W div 1st g 6s 1930
M-N
M-N
J-J
A-O
M-N
A & N W 1st gu_g 5s
.1941 J-J
Morgan's La & T 1st 7s__1918 A-O
1st gold 6s
1920 J-J
No of Cal guar g 5s
.1938 A-O
Ore & Cal 1st guar g 5s
1927 J-J
So Pac of Cal—Gu g 5s__1937 M-N
So Pac Coast 1st gu 4s g_1937 J-J
San
Fran
Terml
Tex & N O
con
1st
4s__1950 A-O
Sale
Registered
Atl A Yad 1st g guar 4s_.1949
Col A Greenv 1st 6s
1016
BTVa&Ga Div g 5S...1930
Con 1st gold 5s..
1956
E Ten reor lien g 5s...
1938
"89 "
Sale
'm
8778
•
—
100"
'm,
103% 102i8 J'ly
m
»
8934
ioo"
105
103
105
108
92
94
104% May'12
10914 Sep '12
93
Apr '13
110
'mmmm
3s
Manufacturing
Rich A Meek 1st g 4s_.
So Car A Ga 1st g 5s
101% J'ne'13
101% 101%
91ij Sep '12
88*8 Feb '13
"81 " "86%
Sale 10134
73
88%
84
53
"58
80
7358
J'ne'13
103
107
Mch'13
83%
88%
*87%
8214 Feb '14
A-O
I0584 Deo" II
J-J
IOD4
J-J
"63" ~64~%
J'ne'13
103
106"
106
108
103
M-N
M- S
103
---
J'ne'13
106
109%
106% J'ly 12
64i2 May'13
HI
"63" "64%
Mch'13
110
108%
109% Ho
107% 112
1071* J'ne'13
1051* Nov 12
100
1927 A-O
1948 M-N
....
"99"
1919 M-N
"79" "79"
Mch'13
79
10218 IOP4 May'13
104
103% Jan *13
73
Sep 12
102% 985s J'ne'13
10134 102%
103%
104
104
J'ne'13
92
J'ne'13
100
100
104
108
111
Gen refund j f g 4s
1053 J-J
St L M Bge Ter gu g 6s__1930 A-O
Tex A Pac 1st gold 5s__.__2000 J-D
nn 105"
8934
lQO" 107"%
Nov-12
84
84
60
50
65
48
68
88%
con g 5S.1928 J-D
1952 A-O
....
Union Pacific—
1st RR A land grant g 4s_1947 J - J
Registered
____1947 J-J
84
95i* Sale
J-J
8984
Safe
10358
86i2
....1929 J -D
Utah A Nor gold 5s.
1926 J-J
1st. extended 4s
1933 J-J
100%
A...
88
..
....
91%
99
80
1
91%
"47"% "57"%
88" '*89 "
-
9514
9558
9812 Feb *13
8914
9038
102% 104%
40
,
108
91%
94
50
104%
8/
88
95
99%
98%
98%
97
6
86%
88%
7
91
196
.
109
""§ 103%
6
95%
9384
112%
109
86%
93%
'13
93
94
93
93
93
90i2
Mch'13
90
1962 M-N
94
Feb
80
Apr *13
98% Feb '11
86% J'ne'13
"87" II11
13
87
85
87
Sale
84
87
89»4 Mch '13
49%
g 6s_.
Am Thread 1st col tr
4s..
Am Tobacco
40-yr g 6s
4s__
.....
Registered
Wrltg Paper
.
115
"95%
Sale
"82%
83
IIIl95l
Consol Tobacco g 4s
Corn Prod Ref s f
g
58.1925
1951 F-A
g 5s__..1931 M-N
1st 25-year s f 5s
1934 M-N
g
Debenture 5s
3^8...1942
con
97%
97
97
92%
79%
93
03% Sale
93
03%
97
"90%
J-J
90%
92%
91
96
"56%
Sale
94% Feb *13
56%
56%
81
83
81
82%
96%
95
Apr '13
76
76
"75"
"84"
96" "98%
76
A-O
91%
72%
1951 F-A
1944 A-O
A.'(21 A-O
■
70%
94% Sale
116% 118
97
07%
116% Sale
95% 96
95% 97%
103%
97%
82%
99%
100
84
Sale
62%
..1951 F-A
env 6s
J'ly '13
103% 103
97%
97% Sale
Sale
81%
Sale
99
98%
100% 100
M-S
1950 M-S
5s.
96%
80%
95%
95%
96% Feb '13
82
F-A
12
92% Sale
80% Sale
103
1952 M-N
5s Series A
05%
83
103% 103% MayT3
1940 A-O
6sI.Il915
Int Paper Co 1st con
g 6s..1918
Consol conv s f g 5s
1935
Int St Pump 1st s f 5s.....1929
Lackaw Ste61 1st g
5s.....1923
1st
95%
05% J'ne
-1952 M-S
A-O
....
Gen'l Motors 1st lien
111 Steel deb
4^s
Indiana Steel 1st 5s
J'ne'13
117% J'ne'13
Cuban-Amer Sugar coll tr 6s 1918 A-O
Distil Sec Cor conv 1st
g 5s_1927 A-O
E I du Pont Powder 4
&s._1936 J-D
General Baking
lst25-yr 6s_1936 J-D
Gen Electric deb
F-A
90% Jan '13
91
May'13
118
F-A
s
20-year
93
1919 J-J
1944 A-O
f 5s_19l9 J-J
Baldw Loco Works 1st
5s..1940 M-N
Beth Steel 1st ext 8 f5s_
1926 J-J
1st A ref 5s guar A
Il942 M-NJ
Gent Leather
A-O
1st
70
102
Sale 101%
96%
"90"
48%
J'ly '13
70
73%
l5l%
1944 A-O
1951 F-A
Registered
Dec '12
481*
99
M-S
1926 F-A
4915 M-S
84
62% J'ne'13
92
J'ly '13
72%
72%
94%
94%
117
116%
97%
^97%
116
116%
95
J'ly '13
97
May'13
91
88
J'ne'13
88
88% Feb '13
95
94%
99%
90%
Nat Enam A Stpg 1st 5s..1929 J-D
Nat Starch 20-yr deb 5s
1930 J-J
National Tube 1st 5s
;
1952 M-N
94
95
99%
99%
97
98%
Latrobe Plant 1st
Inter-ocean P 1st
,
s
f
5s..1921
s
f
5S..1931
I62"%IIII
Repub IAS 1st A col tr 5s_1934
10-30-year 5s s f
...1940
Standard Milling 1st 5s____1930
The Texas Co
conv
S
f
10-60-yr
5s 1 reg
90
89
83%
85
97%
97
96%
88
....
80
89
.
81%
84%
20
30
100% Sale
98% Sale
.__dl963
"90% "91"
Va-Car Chem 1st 15-yr 5s_1923
1st 5s Dec 1922
West Electric
100%
89% Sale
100
WestinghouseE A M s f 5s_1931
10-year coll tr notes 5s
1917
Telegraph & Telephone
Am Telep & Tel coll tr 4s..1929
Convertible 4s
102% Mch'13
89
deb 6s_1931
•
95%
87% Sale
99% 100%
100% Sale
.1936
20-yr conv 4Hs (when iss) 1933
Chicago Telephone 1st 5s__1923
Commercial Cable 1st g 4s_2397
:
.90
85% J'ne'13
07
90
Feb'13
01% Jan '13
81% J'ne'13
27
May'13
100%
100%
98%
99%
98%
,99%
91
90%
100%
100%
88
87%
87%
99%
99%
1Q0%
98
1950
:
5
179
97%
85
..
.
Aug'12
100% 100% J'ne'13
100
96% Safe
.06% 97
98% Sale
.....
96
1938
12
99%
82% Dec T2
83% Nov'11
89%
98%
98%
103% May 11
96%
96%
96%
96%
98%
98%
96
89%
96
"90 " II"
89
89%
104
....
Mut Un Tel gu ext 5s....1941
Northwest Tel gu 4)^s g.1934
55
96
100
1937
3
12
15
89%
~9634 ~97%
Keystone Telephone 1st 5s_1935
Metropol Tel A Tel lstsf5s_1918
Mich State Telep 1st 5s
..1924
N Y A N J Telephone 5s g_1920
NY Telep 1st A gen sf4Hs 1939
70
312
96% Apr '13
"78% III I
Registered
...2397
CUmb'd T A T 1st A gen 5s_1937
Fd and real est g 4^s
Oct '12
MISCELLANEOUS
J'ne 11
93
Jan '13
BONDS—Concluded.
Miscellaneous
Bufi & Susq Iron s f 5s_.
Debenture 5s
Col F & 1 Co gen s f
g 5s
Col Fuel gen 6s
1932 J-D
85
al92G M-S
1943 F-A
BtL Rock Mt& P 1st 5s
Term Coal gen 5s
03%
93% J'ne *13
107% J'ne '1|2
Sale
797#
/978
96
II" "92"%
100
Adams Ex coll tr g 4s
1948 M-S
75
Armour & Co 1st real
est4H» '39 J-D
93%
99%
Bush Terminal 1st 4s
1952 A-O
93
Consol 5s
"77% "85"
J'ne'11
Oct '12
102% Apr '06
Jan
96
73
98
'13
98
86
1917 J-J
86% J'ne'13
76
J'ne'13
86
74
99% 9978 997#
997g
100% 102% 101
Apr *13
100
Feb 13
100% 102
al9l7 A-O
6s..1922 J-D
J'ne'13
75
JTy'22
75
85
1955 J-J
1951 J-J
Birm Div 1st consol 6s
Tenn Div 1st g 6s
Oah C M Cc 1st gu
97
80
1919 M-N
Col Indus 1st & coll 5s gu
1934 F-A
Cons Ind Coal Me 1st 5s
1935 J-D
Cons Coal of Md lst&ref 5s 1950 J-D
GrRivCoal& C lstg 6s../*1919 A-O
Kan& H O & O 1st s f g 5S.1951 J-J
Pocah Con Collier lsts f 5S.1957 J-J
g
99
7484
95% J'ne'13
93
J'ly *13
99
9834
West Union col tr cur 5s
Coal & Iron
Utah Fuel 1st g 5s..
Victor Fuel 1st s f 5s
▼a Iron Coal&Ooke 1st
99
....
—.
9634
92%
South Bell Tel A Tlstsf5s 1941
93* Apr
cons g 4s Ser A. 1955 F-A
Consol 4s Series B
1957 M-N
Vera Cruz A P 1st gu 4^8-1934 J-J
"
■
Mfg
Pac Tel A Tel 1st 5s...
May'll
99
\7anda)ia
07
J'ne'13
95%
!I 100" 100r
89
Apr 13
1027„Apr *13
85%J'ue'12
104
Feb
95
Q-F
U S Rubber 10-yr coll tr 6s.1918
U S Steel Corp—(coup ..dl963
Dec '12
91%
Guar refund 4s
Oct '12
34
96
106"%
Dec '12
923a 92i#
92%
92
92
93
109r4 10912 109% J'ne'13
.02008 M-S
86
100% J'ne'13
....
57
Paper 1st 5s_1930
Stamped
1930
U S Realty A I conv deb g 5s_'24
U S Red A Refg lstg 6s...1931
105%
91
Ore Ry A Nav ;on g 4s
1946 J-D
Ore Short Line 1st g 6s__1922 F-A
1st consol ? 5s
...
1946 J-J
12
77
99
Union Bag A
.
1st refund g 4s
Virginian 1st 5s Series A
88%
....
1990 A-O
1927 J-J
1917 J-J
1st A ref 4s
Aug '12
99% Apr '11
106% Nov'04
102
103l2 1051* Apr '13
10384 10784 J'ne'12
100
May'13
nil "87"
91% Feb '13
94l2 95% 94% J'ly '13
85
80
J'ne'13
91
..1935 J-D
1927
61
Sep
100%.... 103% May'13
1925 A-O
f 6s
s
Railway Steel Spring—
106is Sep '12
39
1935 A-O
4s....
92
101
103"% 104" "
Feb '13
1005a 10284 10014 J'ly '13
Tol P A W 1st gold 4s
Tol St LA W
pr lien g 3^8.1925 J-J
50-year gold 4s
1950 A-O
Coll tr 4s g Ser A..
;__1917 F-A
Tor Ham A Buff 1st g 4s__/j1946 J-D
conv
•
8934 May'13
2d gold inc 5s
(2000 Mch
La Div B L 1st g 5s.
1931 J-J
W Min W A N W 1st gu 5S-1930 F-A
Tol A O O 1st g 5s
...1935 J-J
20-year 5s
*
10212 Apr '11
IIII
J'ne'13
77
77
N Y Air Brake 1st conv 6s.1928 M-N
102% 108%
90% 95%
100
gold 5s__.1894-1944 F-A
20-year
Am Smelt Securities
Am Spirits
Mexican Petrol Ltd
105
108% 108%
92
Spokane Internat 1st g 5s
1955 J^-J
rper A of St L 1st g 4^8—1939 A-O
82
100
1931 M-N
5s
...
101
% J'ne'13
1
81%
90
76
18
May'13
62%
48%
6sl"l919
Lofillard Co (P) 7s
IO484 10484
Mch'13
100
"
1
9784
5-year convertible 5s
1915 M-S
Liggett A Myers Tobac 7s_1944 A-O
Oct '06
112
1914 J-J
163%
98% 101
1033, Nov'12
IO484 Jan '13
West N C 1st
Kan A M 1st gu g 4s^
107
86%
1931 M-S
Western Div 1st g 5s
General gold 5s..
107%
10484 10434
72% 78%
78% 86%
841* May'13
0 6s^...l916 M-S
.1921 M-S
1926 M-S
g 6s
101
107
108% Jan *i3
102% 1043a 10211 J'ne'13
91
9U2 J'ly '13
iJ
"87" "04"%
105% Sep '12
8714 Jan '13
....
"l%
40
....
g 6
"90
83
5s
1936 M-N
So'w'n lstgu 5s
2003 J-J
1st cons 50-year 5s
^..1958 A-O
W O A W 1st cy gu 4s
1924 F-A
fllster A Del 1st
Debenture 5s
Gold
102
Sep '11
83
82
10
J'ne'13
1928 A-O
...Ipl915
Am Hide A L 1st s f
g
Amer Ice Secur deb
mm
........
Series F 5s
2d
102"
"83 " III
Va A
con
110
101%
101
General
1st
106%
110
105% 107
101% May'13
101%
May'13
13
J-J
& Industrial
.1936 J-J
Trust Co ctfs
deposit.I
Am Ag Chem 1st c
5s_.
Am Cot Oil ext
4^s
Feb '07
105
..1946 A-O
Rich A Dan con
Deb 5s stamped
A
93
106""
100
Jan '13
104% 106
110
110% 110
May'13
105% 107% 105U J'ne'13
....
-1049 M-S
5sIII-1922
Alhs-Chalmers lst'5s
93
H9I4 Mch'10
112
5034
J'ne'13
1234
13%
17% May'13
95
f
Mch'13
48
13
%
Winstpn-Salem S B 1st 4s...I960 JrJ
Wis Cent 50-vr 1st
gen 4s. .1949 J-J
SupADul dfv A term 1st 48 '36 M-N
Dec "12
80
...1945 J-J
g 6s..
1915 J-J
con
91%
10134
80
50
...
12%
101
s
May'13
12
105
Mortgage gold 4s
ser
*88 " "9l"
104
Mch'13
♦13
J-D
11954
1st consol
4s__,
4
99
12
60%
....
.
A-O
RR
50
J'ne
,
ETst'g 5s"..1926
wi20:yeao ©quip
No.
95%
64
Nov'12
47%
47
At
♦45%
102% 107% 102%
102%
80
Aug 12
65
Apr '13
77
May'13
Wheel Div 1st gold 5s_.,.1928 J-J
Exten A Tmpt gold
5s...-1930 F-A
96%
89*4 Apr '13
80
50% Sale
48%
-1943
,dl943 Nov
WheelingA L
9384
90
89
89
104
-
"73% Sale*
Ga Pac Ry 1st g 6s_...._1922 J- J
Knox A Ohio 1st g 6s
1925 J-J
Mob A Bir prior lien g 5s_1945 J-J
Series E 5s
84
26
II" ~97~%
....
95%
127
941j J'ly '12
102
.1994 J-J
1994 J-J
1956 A-O
gen 4s Ser A
Mob A Ohio coll tr g 4s_.1938 M-S
Mem Div 1st g 4H-5s
1996 J-J
St Louis div 1st g 4s
...1951 J-J
Ala Cen R 1st g 6s
...1018 J-J
Atl A Danv 1st g 4s
1948 J- J
2d 4s
1948 J-J
Series D 4-5s
98
High
102%
...
1st 40-year guar
4s__...-1945 F-A
Maryland 1st g 4s..-1952 A-O
West N Y A Pa 1st
g 5s..-1937 J-J
Gen gold 4s
A-O
Am
Develop &
Virginia Mid
88%
86%
97% 1015s May'11
88% Sale
8884
89i4
gold 5s__1943 J-J
1955 J-J
1st consol g 5s
1st
33
8878
89i2
86i2 May'13
8534
86i2
91%
9138
91%
mm
,So Pac RR 1st ref 4s
Southern—
Ga Midland
"86"
89
*
90
48
g 5s_. -1941 J-J
Des Moin Div 1st g 4s.. ,.1939 J-J
Om Div 1st g 3
-1941 A-O
3^8
Tol A Ch Div 1st
g 4s__. ,.1941 M-S
Wab Pitts Term 1st g 4s. ,a954 J-D
Cent and Old Col Tr Co certs.
Income 5s_
88%
Gold 4s (Cent Pac
Ask Low
102% 10284 1023s
95% 96
95%
...
Equit Trust Co ctfs...
Do
Stamped
Southern Pacific Co—
coll).*1949 J-D
Registered
*1049 J-D
20-year cony 4s
#1929 M-S
Cent Pac 1st ref gu g 4s__1949 F-A
Registered
.1949 F-A
Mort guar gold 3J^s
£1929 J-D
Through St L 1st gu 4s. 1954 A-O
Stamped
3^8—!Il945 F-A
Nov'12
101
99
86
*66% "7714
30
7U2
90
.1956 J-J
Det A Ch Ext 1st
J'ly'13
84% Mch'13
00%
8984
...
Cent Trust Co ctfs
*79"% '8534
76
76
....
1943 J-J
01945 J-J
J-J
J-J
1st ref and ext g 4s
80
Oct '09
71
1930 J-J
Ga Car A No lstgu g 5s.. 1929
Seab & Roa 1st 5s
.1926
90
78
851* Feb '13
79i2
791*
*7l" Sale*
ol949 F-A
Refunding 4s
...1959
Atl-BIrm 30-yr 1st g 4s._el933
Car Cent 1st con g 4s_.^_1949
84%
79i2
79U
"80~" I"I
1950 A-O
...
99% 100%
76U
104
Last Sale
...
85i2
J'ne'13
76
77
Week s
xctii.
Range or
July 11
Bid
.1939 M-N
.1939 F-A
Debenture Series B
.1939 J-J
1st lien equip s fd g 5s__. .1921 M-S
1st lien 50-yr g term 4s. .1954 J-J
78
10U8 Apr 07
5s_1947 J-D
8 A & A Pass 1st gu g 4s
1943
8 F & N P 1st sink l g 5s_._191fl
113%
65
•xft.
Price
Friday
July 11.
High
105
78
851*
...
75*4
Low
1
12
No.
771* J'ly '12
1031* J'ly '12
99U May'13
8512
79
Week Ending
70i8
70
99
*85~"
Y.
N.
108i2
High
Art Low
70
1936 A-O
Gray's Pt Ter 1st
f
Jan. 1
108% Sale I08ia
KC&ME4B 1st gu 5s_1029 A-O
Ozark & Ch O 1st gu 5s g_1912 A-O
StLS W 1st g 4s bd ctfs
1989 M-N
2d g 4s inc bond ctfs
pl989 J - J
Oonsol gold 4s
1932 J-D
>
Since
Last Sale
Bid
,81 L & San Fran (Con)
'
Week's
Range or
3-s
BONDS
STOCK
EXCHANGE
Range
Prise
Friday
July 11
1
I,
*■«<»«
[Vol.
Record—Concluded—Page 4
'
103
110
Jan
76
98
877S
80
99% 103
g
1953 J-J
5s 1949 M-S
102
Niag Falls Pow 1st 5s..
1932
Ontario Transmission 5s
1945
Pub Serv Corp N J gen 5s..1959
RayConsCopper 1st conv 6sl921
Wash Water Pow 1st 5s.—1939
80
May'13
79%
80
92
J'ne'13
92
98'
J'ne'13
89%
89
89
89%
May'13
May'13
92
94
82
87
94
J-J
128
138
144
05
Sale
A-Q
68
Sale
F-A
76%
78%
941#
57%
78%
7
mmrnm
----
92
80%
94
96
94
Apr '13
J'ne'13
94
122.
95
14
68%
76%
11
3
00 £
79%
89%
89
190
94% 108%
56% 66%
75% 79%
A-O
J-J
Morris & Co 1st s f 4Hs...l939 J-J
4s...1951 F-A
102
97
80
89%
A-O
N Y Dock 50-yr 1st g
80
92
1960
1921
Inspir Cons Cop 1st 6s (rects)..
Int Mercan Marine 4Hs
1922
Int Navigation 1st s f 5s—1929
MgeBond (N Y) 4s ser 2..1966
10-20 yr 5s series 3
...1932
103
'09
81
89%
1955 J-J
Bldgs 5s guar tax ex
Chino Copper 1st conv 6s
101
1931 M-S
80
J-J
mm
mm
100
M-N
A-O
J-J
J-Jj
86%
09% May" 13
86% J'ne'13
81
82
May'13
101
100
J'ne'13
90
mm mm
mrnmm
92
Dec '12
mrnmm
60
Sale
887#
99% 100% 100
102
mrnmm
mmrnm
-
mmm
tmm
99%
61
82
90%
80%
84
100
102%
90
12
887#
100
19
97% 121
OS
Dec '12
"S.Sm
♦No price Friday; latest bid and asked
aDueJaa dDue April «Due May pDueJune ADue
July ADueAug oDueOct pDueNor (Due Dec sOptlon
1
107
CHICAGO STOCK EXCHANGE-Stock Record.
AMD
Range
Monday
Tuesday
Wednesday
July 7.
July 8.
July 9.
July 10.
26
85
85
93
93
93
93
23
23i2
235*
2478
96
9434
2558
24
24l4
*7U
8
2312
*714
*3
4
*3
♦-—
18
.♦15
*
40
♦30
20
71*
314
8
4
♦51*
Nov'12
6
6
0i2
Mar'13
Last Sale 45
40
40
40
927g
236g
June'13
Last Sale 18
Last Sale 41
*30
012
June'13
926g
231*
1913
Year
Lowest.
Railroads
Chicago Elev Rys comlOO
Do
pref
—100
98 Chic Rys part ctf "1"—
2,767 Chic Rys part ctf "2"
10 Chic Rys part ctf "3"—_
15 Chic Rys part ctf "4"
Kansas City Ry & Lt_100
Do
pref
100
J.50 Streets W Stable C L_100
Do
pref
100
7i2
314
*15
*51?
5h
5*4
I
*70
9434
Range for
Shares
June'13
I
Last Sale
*23
85
*76
*93la
Last Sale
26
*23
*76
Week
Friday
July 11.
Thursday
*23
STOCKS
CHICAGO STOCK
EXCHANGE
PRICES.
SALE
LOWEST
Sales
of the
STOCKS—HIGHEST
Saturday
July 5.
30
Jan
3
25
91
Jan 20
90
May
J'ne 28
83
Dec
J'ne 12
Jan
18
J'ne 10
14
9
26i4J'ly
8i2 Jan
45g Apr
5
18
J'ne
4
18
4
3
2
38
Jan
J'ne
11
Jan
Oct
57S Jab
25
Sep
1414 Aug
40
Oct"
Mch
60'* Jan
117* Apr
Jan
52
J'ne
111* Jan
47
Oct
Sep
J'ly
0
91* Jan
3
Mchl8
35
45
MchlS
Apr
93V Jan
3
J'ne
"~6i2"j'ne~6
40
1043g Jan
6
6
2
J'ne
Nov
1934 N ov
51* J'ne
45
Highest.
102
4
75
88
(1912.)
Lowest.
Highest.
241* J'ne
Previous
for
Year
<
Miscellaneous
28
27
88
2714
8714
t
87U
450
130~
"
45
45
12614
50i2
*75
75i2
I'
55
"49^
pref.
100
Radiator. .100
Do
pref
100
Amer Shipbuilding
100
Do
50
pref
—100
100 Amer Telep & Teleg—100
Booth Fisheries com, 100
Do
1st pref
"~60
100
66 Cal & Chic Canal 3c D 100
171 Chic Pneumatic Tool .100
20 Chicago Title & Trust 100
270 Commonw'th- E dison. 100
Corn Prod Ref Co comlOO
Do
pref
.100
43 Diamond Match_____100
Goodrich (B.F.) com. 100
"25 Hart Shaff & Marx pf100
100
55 llinois Brick
Internat Harvester Col 00
Knickerbocker Ice pf.100
National Biscuit
.100
Do
pref
.—100
National Carbon....100
Do
pref
.100
290 Pacific Gas A El Co
100
Do
preferred
,100
""l59 People's Gas L&Coke.lOO
Pub Serv of No ill com 100
Do
'""118
pref
..-.100
Rumely common
100
Do
pref
100
100
3,604 Sears-Roebuck com
Do
pref
100
Studebaker Corp com.100
Do
pref
i
100
.—100
833 Swift A Co—
20 The Quaker Oats Co. 100
Do
25
pref..
100
10 Union Carbide Co
100
*
4912
204
205
205
♦204
135
*204
205
136
American
130
42i2 June'13
204
134i2 135
13534
♦91*
Last Sale 10
10
~
July'13
Last Sale 77
•98
99
99
99
99
29
*27
29
*27
97
*95
97
*95
June'13
29
♦95
Feb'13
Last Sale 29
99
♦27
97
96
60
-
65
95
96
,
95
65i2
6612
*651*
68
66
♦74
77
*74
77
♦74
77
*114
116
♦114
110
*109
112
*117
119
*117
119
*117
119
*110
114
*110
114
♦110
114
Aug'12
Last Sale 114 July'13
Last Sale 119 May'13
Last Sale 114 July'13
»
11412 *_„-- 114i2
41
♦405*
44i2
♦89
92
92
114i2
Last Sale 113i*Jun '13
661*
Last Sale 100
■
"4l"
*89
4234
June'13
Last Sale 763g
43i2
*89
*89"
92
*89 ~
92
"02"
110V111
111
111
♦65
69
*65
69
♦64
69
93
93
93
94
94
94
*17
19
*15
17
*15
17
♦35
40
11134 IIIS4
•35
40
162
16234
*35
164
25
♦24
25
*88
87
•80
87
10534
105
105U
105
105U
2121S 212l2 *210
21212
101
*164
210
168i2
6
6
6U
6
Us
*1*
lh
♦lol"
102
522
01*
Last Sale lig
1*8
617g
1071* 10712
52*4
July'13
T.150
523g
523g
5234
124
Last Sale 11
10
•8
10
♦8
10
104U IOH4
81
Apr* 13
Last Sale 9134 May'13
Feb
126
325
Feb
405
May 1
Jan 13
131
Jan
135
Apr
61
Oct
J'ne 11
500
135
42X2 J'ne 26
65
60
5
Dec
Mch
1987g vicl*
70
Deo
77
95
55i2 Oct
J'ne
65
Jan 29
49
Mch
Feb
62
Jan
10
44
Mch
212
Jan
7
184
Jan
222
J'ne
145
Jan
5
135U Jan
150
Mch
897g Jan
_
Feb 11
65*8 May
10
Feb
87
161* Jan 31
77
Feb 11
J'ne 10
77
10038 Oct
Jan
71
731* J'ne 10
40
J'ly 8
4712 J'ne 12
200
Apr 26
1251* J'ne 10
8
Feb
39
13934 Jan
J'ne
Aug
138
1031* Jan
J'ly
126
45
100
9
J'ne 10
97
Oot
2U2 Oct
87
Oct
11134 Feb
3
103
J'ly
28
Mch 18
53
Feb 13
63
Dec
80i2 Sep
94
Mch22
981* Jan 14
97
Dec
1021* Mch
65
J'ly 10
56
Jan
100
J'ne 12
76i* Jan 31
115
Jan 23
105
J'ne 12
Mchl9
1281*
Jan"
118
123
Jan 14
113
J'ne
122i* Feb 17
118
Jan 25
63
Jan 27
J'ne 30
93
llOU Feb
2
113i* J'ne 10
J'ne 27
35
Io4"" j'ne 16
65
Apr 25
Dec
10112 Apr
114
76®g Aug
13084 May
135
115
Feb
61
J'ly
r
Sep
120
Mch
103
*
Jan
07
Apr
1631* Jan" "l223g"6ct"
9
941* Apr
*
80
Deo
j
*
98
Dec
*1071* Apr
987g Nov
94i* Dec
Feb 21
.69
1207g Sep
12214 Oct
821* Jan 25
1013* Jan 13
J'ne 11
25
731* Sep
1051* Dec
67
May
3
Jan
110
J'ly 10
91
*1031* Oct
99i* Apr
Jan
42
J'ne 25
155
J'ne 11
973g Feb
21434 Jan
140
22U* Nov
117
May 19
12434 Feb 17
1211* Jan
125«4 J'ne
Feb 13
3078 J'ly
92
Deo
34
20i* May 16
161"" J'ne
195
11
6
Tor; Mch
1
100
Jan 17
<50
...
J'ne 11
11* Feb 10
2
6884 Jan
1051* Feb 19
Ward, Montg'y A Co pref
Western Stone....—100
Woolworth, com.
.100
10
Mchl7
87U Mch 24
01* J'ly
""
""l7* Jai"
H May
80i* Sep
68&g Feb
5
"9"
2
Jan
112
zl35<4 May
9
IO834 Mch
141* Jan
971* Aug
105i* Jan
1081* Feb 15
2001* Jan 10
Aug
49
10914 Apr
397
NOV
110
Jan
234
NOV
98«4 Jan
215
Jan
0
Feb 15
280
J'ne 12
x
2
9934 j'ne 24
148i2 J'ne 10
5314 J'ly
3
Do
rights
Unit Box Bd & P Co.100
U S Steel com—
91
Feb 11
J'ne 18
130
46i2 Jan 31
129U Jan 30
J'ne 10
435
1
.
♦1*
513s
52
5214
525s
107'4 107l2 *10714 10712
*8
102
Dec'12
160
168!2 ♦165
*ia
52U
105
♦161"
102
166
0
105
May'13
210
*101
102
*101
101
1647, I65l2
July'13
Last Sale 26i*
Last Sale 92
*24
105
160
Last Sale 119
...
87
♦86
June'13
Last Sale 42
40
•119
June" 13
25"~~Apr;13
Last Sale
1621* 166
10H2 165
♦1181*
*11812 120
25
*24
Last Sale 681*
»
Do
450
97
•
137
136l2 *135
10
10
*91*
*91*
*204
130
Last Sale
45
97
87
June'13
12634 12634
♦mu 127 ~
12018 12018 *12614 127
June'13
Last Sale 50
5012
5012 *4914
*49U
75
75
75U
75U
75U
*75
75U
75i2
50
50
57
*44i* 57
40
40
*44i2
491*
491*
49ig
491* 49i2
49ig
49i2
493g
127*18
♦4914
27ig
Last Sale 440
130
*40
*97
♦97
2734
87
450
130
*40"
♦
130
♦40
87
271*
87
27X
27ig
201*
27l2
87U
450
211* J'ne 10
—.100
1,050 American Can
""l5
Sep
Nov
3
Dividend Record
Chicago Banks and Trust Companies
Capital Surp. A
Stock, t ProfUs. f
(00# om Uted.)
■NAME.
Dividend Record
Capital
Stock. t
NAME.
Surp. A
ProfUs t
In
Per¬
1912.
iod.
In
1911.
(00* om Uted.)
Southwest Tr A S
Last Paid.
As*.
% B
Standard Tr A Sav
$r23,8 Org. J uly
429.4
$200,0
1,000,0
200,0
Stockmen's Tr A S
51,2
1,586,0
132.5
'
American State..
Calumet National
$200,0
100,0
Capital State.—
200,0
Central Mfg Dist.
250,0
Cont A Com Nat. 21,500,0
Com Exch Nat..
3.000,0
Drovers' National
#200,0
750,0
Englewood State.
200,0
Drexel State
'13, IH
'13,
6
13, V.95.p. 1585
Org. J an. 27
rl6.7 Beg. b us, Oct 7'12 V. 95, p. 944
10
10
Q-J July '13,
3
10,094,9
16
10
4
Q-J Apr 13,
6,413,5
6
0
Q-J July US. IX
113,0
10
10
Q-J July '13, 2X
382,6
8
Q-J July *13, 2
6H
1
6"
First
National... 10,000,0
Foreman
Bros
Ft Dearborn Nat.
Halated St State.
HibernianBkAssn
Hyde Park StateKaspar State..,.
Lake View State.
Lawndale State..
Live Stk Exch Nat
Mech & Tr^d
150,0
1,000,0
2,000,0
200,0
2,00</),0
200.0
400,0
200,0
200.0
1,250,0
Jan
2
1
1
West Side Tr A Sav
110
12
1
410
8
8
—
272
Auto Elec
225
Cal Gas A El unif A ref 6s 1937
257
.
Armour A Co 4)48
115
Chicago City Ry 5s
1927
Chic City A Con Rys 5s_dl927
Chicago Elev Ry 5s
1914
Chic Pneu Tool 1st 5s—al921
140
8
8
Q-J
J'ne30'13,2 °
225
2,000,0
0
6
Q-J
July 13,
193
250,0
200,0
0
0
7
7
200,0
#200,0
6
6
Ogden Ave State.
People's Stk YdsSt
Second Security..
Security
South Chicago Sav
South Side State.
State Bank of Chic
State Bank ol Italy
Stock
Yards Sav.
Union Bk of Chic.
Washlngt'nPkNat
Central Tr Co Of IU
Chicago City BAT
0
6
U8
0
8
Q-J
0
12
Q-J
Q-J
Beg. b
US
100,0
8
.
10A2#
J-J
6
Q-J
8
3,000,0
250.0
5,000,0
250.0
300,0
Sons
Q-J
Q-J
6
8
Q-J
10
1,000,0
6,600,0
Franklin Tr A Sav
M-N
»
8
4,500,0
600.0
FtDearbornTrAS
Q-M
0
0
First Trust A Sav
.Aug, 1ST
10
8
0
Drovers Tr A Sav
Q-J
0
8
250,0
600,0
Cont & Com Tr AS
None
10
)
Beg. b
us
7
LakeViewTrASav
T
0
LaSalleStTrASav
1,000,0
1 Beg.
Liberty Tr A Sav.
250,0
200,0
250,0
3,000,0
3 Org. D ec.
7A2#
0
b
2
memmm
6 Com.b us. Ap
1
8
250,0
4
8
Old Colony Tr A S
200,0
600,0
300,0
200,0
7 Beg.
*
208
215
115
Ma y'10
6
119
175
'12.
1
8
us J'ne
8
5
2
8
b
8
Q-J
10 *1
Q-J
J-J
1
IX
1.V.92.P.1004
July'13,
172
130
135
219
223
320
325
275
285
110
July '13,
2X 300
310
J'ne30'13,2
8
Q-J
3
Q-J July'13,
Bid and asked prices; no sales were made on this day.
122
425
92, p. 1537 105
J'ne30'13,2
4
July '13,
11 V
Q-J
498
185
119
S ept. 5 *12. V. 95, p. 593
7 Beg. ib us .J'ly 1 '12 V. 94. p. 484 165
420
10
[)
151
Q-J July '13, 4
500,0
1,500.0
■"
1H
July '13. IX
July '13,
IX 133
t June 4 (close
80
6s..1928
Lake St
Metr W
931*
981#
88
88i2
6
88
94
96
96i2
64
96
Sale
90
Sale
783*
100
74
72
Sale
Sale
93
93
"72" "75"
58
45
4934
100
991* 101^1
"~997g
1031®
July'13
9918 1021*
99U June'13
103
103
J1021*
9914 1001*
103
9934 April'12
99
99 ,i
1081*
"99" *99"
105's April'12
.
m ust
IOOI4
90
9434
771*
8D4
'12
Mch *13
99's
90
Oct
*12
87
Jan
'*13
87
87
July'13
78
83-
77
81
861*
89
80
79
7914
77
June'13
1047* April'12
104i2
95
April'12
861*
86i2
100#4 May'12
103U April'12
94i2
8634
.
100
99
Jan
100
100
94i2
95
June'13
991* 1001*
June'13
94
97
1151* sept *12
99ig 102
100
103
100i8
10034 July'13
1001s
100l8
9914 July'13
9978
Sale
Sale
100is 100l»
99U IOOI4
9U*
973®
9234 July'13
91
91
92*4
92
99U
9314
99U IOOI4
9034
99U
98U April' 12
85
April'12
100
May'12
80
991® 101
99i* July'13
bo added
of business) for national Danas ana june o^opening ox
100
100
13
95i* sept '12
IOOI4 July '11
1922 M- 8
1922 J - J
Interest
Jan
1
37
'13
961« Dec '12
10078 ■
10U8
100l8
1938 J - J t—
Mil El Ry A Lt 1st g 5S..1926 F - A U03
t 94
do
ref A ext 4)*s__1931 J Morris A Co 4^3—
-1939 J - J t—
Nat Tube 1st g 5i.......1952 M-N
NOr Shore El 1st g 6s
1922 A - O
do
1ft A ref g 6S...1940 A-O t 98
Nor Sh Gas of 111 1st 5«—1937 F - A
North West El 1st 4s
1911 M- S
991*
N W G L A Coke Co 5a..1928 Q -M
93
Ogden Gas 6s
1945 M-N
Peop Gas L A C 1st 6s... 1943 A - O
Refunding gold 5s
1947 M- S 100
Chic Gas L A C 1st 5a. 1937 J - J 110034
100'a
Consum Gas 1st 5s....1936 J -D
Mutual Fuel Gas 1st 5s 1947 M-N
Pub Serv Co 1st ref g 58.1956 .
Bouth Side Elev 4tfs
1924 J - J t 90
1.—
Swift A Co lat g 5s
1914 J Tri-City Ry
A Lt ooll
trust lien a f 5s.......1923 A - 0
Union Elec (Loop) 6s....1945 A - O t
Mote—Accrued
79i2
99^8
95
•
133
90
Jan
4934
Sale
Extension g 4s
1st g 5a
Co 6s
94
93
93
1913 M-N
El—1st 5s.i
1928 J - J
Side El 1st 4s...1938 F - A t 79
U S Gypsum
99U 1017s
7978
89
Sale
Sale
LIgbt Co
"20
Sale
.3.
6s
57
June'13
93
99
t
o
all Chicago bon d prices*
Dusinessi ior a cam in
ltutlons.
a
Due
t No
3U
Dec.
acquired by the Continental A Commercial National Bank.
proposition to raise capital to $300,000. V .90, p. 1678.
r April 5 1913. # Capital Increased to $300,000. V.90#
30 1913. gNor. 26 1912. * Feb. 5 1913.
*
price Friday; latest price this week. 1 Sept. 11911. 1J Dividends not published; stock all
kDue June,
c Due Feb.
d Due Jan. 1.
e Extra dvldend.
* Ex-rights.
< Stockholders to vote July-1CI on
® Bales reported beginning
April 18. pJune 27 1913. q Dividends are paid Q. J,. with extra payments Q- F.
p. 1464. 1135.
t Doo. 311912.
« Apr. 30 1913,
t Ex..24% acoum^ted dividend,
w June
80
Sale
3-yr 5% g notes.1915 F - A
Western Elec
180
Sale
99
Inland Steel 1st M g
917*
821* April* 12
961* May *12
99
9914
98
Kan City Ry A
165
.
,91
91
897*
79
1st L notes.1915 A - O
Gen Mot 6%
330
152
5 Org.
Mid-City Tr A Sav
Northern Tr Co..
Nor-West Tr A S.
Sheridan Tr A Say
us.
Q-J
Q-J
series
Chic Rys 4s.....series
223
#204
*"99"
*"9§"
High
Low
90
96
77
1927
'A"
"B"
Chic Rys 4s.....series "G"
Chic Rys coll 6s
1913
Chio RyPrmMg 4s_cl997
4934
Chic Ry Adj Inc 4s
cl927 Mayl
997*
Chicago Telephone 5s...1923 J*-D
90
Cicero Gas Co ref G m—1932 J - J
Commonw-Edison 6s
1943 M- S 101
Commonw Elec 6s
.61943 M- S t 9978
99U
Cudahy Pack IstM 5s.._1924 M-N
Chicago Rys 5s
Chic Rys 5s
Int Har
150
t"90"
M-N
F -A
A -O
J - J
881*
J - J
96
F -A
90
A -O
79
J -D
u—
F - A
F -A
J - J t—.
for
Feb
90
Sale
Range
Year 1913
High No.
13
Ask Low
91
1928
1st M 0s
Dia Match Con deb 6s... 1920
182
152
.Apr 10*1 1.V.92.P.1004
490
July'13.
4
1
10A4e
i
People's Tr A Sav
Pullman Tr A Sav
143
142
16A4#
1
200,0
135
378
148
July '13, 3
Q-J July'13,
8
0
12
12
5,000,0
200,0
200,0
Merc'ntlleTrASav
Merchants'L A Tr
Michigan Ave Tr.
260
Q-J J'ne30 13,2)4
10
t
200,0
Market Tr A Sav.
110
250
Q-hl Dec30'll, 4
Beg. b US.A{MT 3 "11 V.92,p.929
160
Beg. b U8.Apr 8'12 V. 94, P. 1030
1,500,0
300,0
Kenwood Tr A Sav
195
—
1,600,0
Illinois Tr A Sav.
5
1944 1
July'13,
2X 210
V. 93, p. 1235
July '13, 2
July'13,
2
July'13.
IX
July '13, 3
2 V.95, P.623
J'ne 30'13,4
May'13,
3
July 13(i
5X
July'13.
2X
July '13, 6
July '13, IX
July'13,
2
223
Q-J July'13,
2X 218
BO e note (fl)
(ID
Not pu blished
10
July *13, 2X 255
8H
QJV
Guarantee Tr A S
Home Bank A Tr.
140
127
8A2«
8A2C
600,0
Harris Tr A Sav..
Greenebaum
Q-J
NOV I'll
0
168
V. 95, p.
12
200,0
200,0
1,600,0
200,0
Chicago Sav B AT
Chicago Title A Tr
Colonial Tr & Sav
'12.
10
9M
Beg. b
<
27
OV.
Org.N
200,0
500,0
200,0
400 jO
Sold
Last Sals
1929 j - J
.1939 J -D
Am Tel A Tel coll 4a.
240
2,000,0
North West State
Eds
Range or
July 11.
Bid
138
National City
Produce
Weeks
Thursday
period
135
1
2
1
2
"16" 10A2« Q-M J'ne 30'13,3
2
Beg. b us.Aug 26'1 2 V 95, p 59? 1
273.
JJ July '13, 5
10
10
"
Beg. b us. Apr 8'11 V. 92, p. 1004
Q-J July '13, 2
Nat Bk of Repub.
North Side St Sav
Price
est
EXCHANGE
Weekending July 11.
(11)
(If)
V. 96, p.
2
IX 1
Q-J July '13, IX. 1
Q-J July 13. 1H 1
Q-J July '13, IX
Q-J July'13,
IX I
Inter¬
CHICAGO STOCK
200,0
Nofth Ave State.
BONDS
•
435
1
se e note
Aug *12.
us
Chicago Bond Record
183
State
National
III
220
255
2
13, 2
1912
25
OV
July"
Q-J
Not pu blished
Beg. b
10
QX
106,7
153
300
Q-M J'ne30'13,3
2X 210
Q-J July'13,
8A2<
8A2#
165
p.
286
Prlv ate Ba nk
Org.N
Woodlawn Tr A S
8
8 A 2#
124
Q-M July '13, IX 160
148
J-J
July 13,
3
QM J'ne30'13,2
V. 95,
148
2
4
2
2
1
17
Q-M Mch31'13,4M 4
12 H Q-M Jne 30*13, 21* 3
12
12,028,9
tc229,7
667,7
831,5
An
None
•
FlrstNatEnglew'd
July
2H
$191„3
05,5
r22,5
1,200,0
400,0
200,0
Union Trust Co..
Ask.
18. 120
*12.
5
""6"
""0"
% Bid.
iod.
1912/
1911.
Last Paid.
Per-i
In
In
108
BOSTON STOCK EXCHANGE—Stock Record.
SHAKE
PRICES—NOT
PER
CENTUM
Monday
Tuesday
July 8.
July 7.
Wednesday
Thursday
July 9.
STOC vS
BOSTON STOCK
Sales
PRICES
0]
Saturday
July 5.
July 10
11
July
the
Shares
*97
♦953s
♦9612
*185
9534
95*4
97
9534
19712 19712 ♦197
87
89
87*4
19612 196i2
85l2
86i2
955s
9534
*185
53
63
♦250
88
*185
63
63%
88
64
,
*43
52
*43
*164
*42"
62
165
165
June'13
Last Sale 43
*200
*101
102
200
102
101
♦1163s
♦1153s
♦1153s 116
*100
♦165"
♦loo"
14
13i2
67«4
*13%
67«4
IOI84 102l2
68
68
9
ll5%Juiy'i3
Last Sale
*100
14
....
161*
♦160" 10*5"
*26
146"
146
31
161
*27l2
82
*81
"72"
72"
*7012
72"
88
♦85
88
144
88
60
92%
♦2l2
471*
4712
92%
234
*46
92
92l8
234
17
17U
10734 108
112l2 113
126% 127
18
*17
10768 108
112l2 113l2
126% 12758
72
17%
75
65
*60
65
*60
96
♦9234
95
*9212
"ll
*10*4
*9234
75
7434
*6
0
*1034
6
107% 107%
113
113%
12684 127
11
*10
11
10
275
275
277
137
13712
90l2
88
90
;
6OI4
*88
*21212
*3la
3
3
*20
30
*20
14 o"
139
140
163U 153U
15%
»1434
105
IO534
153
153
*67
*27%
*26
1514
27
t
J
2712
\
,
5212
3%
Last Sale 20
152
153
*1484
15l2
27%
27
1
16184 15212
28
Last Sale
4512
45
45
45%
2734
28
28
27
28
52%
51%
52
104
10418 104%
104i8
45
28
52%
10434 10434
pref
Boston Land
!
17&8
Us
3112
64U
18
18
*2l2
.95
1%
300
1738
H4
3112
1%
*18
18%
.95
1*8
*
H2
*1%
23
2234
23
60
59
59l2
59
425
*415
420
*1034
3312
•40.
III4
.
40
*212
5i2
1% 1%)
65
578
*15
415
415
11
*11
33
33%
40
40
39
55
6
6
15
15
32
.60
.60
5
5
48
48
48
48
*7934
81
79
79%
*1S12
19
*18
314
2
8
*3i8
*112
•
7i4
3%
6%
*234
*6U
*201s
3U
*112
7%
334'
5%
*2%
3%
5%
3%
7
21
*1
*44
44%
14
24i2
134
*
1
*3
*134
*5%
234
*6%
2034
*42
42
*14
14%
.85
3U
'*-1%
1%
8
%
24%
*1«4
*
44*4
4434
44
76
75%
7512
74%
1634
17%
17
17
1684
5712
*1638
58
16%
*57
*34
35
23
23
.15
*
7
25
2XA* 2%
25
22%
22%
*23%
2%
24%
2%
27%
26
33S
3%
♦1%. 1%
35
.
45i2
*1%
415s
.99
.99
*
1%
7
23
.25
24%
I84
25
*184
*3%
3%
*43% 44%
*74%' 76
16%
Jun
3%
*43%
75
25
2%
2%
2%
2
27»4
3%
2784
2934
37g
29
1.18»4
3%
ltf.
25
2434
3%
1%
3478
35
35
46
46
9
9
41%
*41%
4184
.96
134
*
184
.90
*1%
43%
45
.65
Bid and asked prices,
a
.95
*
.65
'""230
New stock,
184
43%
t
25
*1%
4434
.90
Aas't paid,
*1
I84
1%
*44
4484
.90
♦
.65
10
25
25
5
Copper
East Butte Cop
Min.
10
25
Consolidated.
150 Giroux
Apr 15
288% Jan 10
18684 Jan
2
Jan 13
93%
95%
219%
3%
Jan 22
Mch24
Apr 12
Feb 8
60
Apr 2
91% Jan 11
Jan 11
2
Granby ConsolIdated.lOO
871
Greene-iJananea.
Nov
155
189
Jan
GO
Dec
90
Dec
107
Moh
161
Mch
184
Aug
168
105
Feb
1334 Jan
98% Jan
27
May
Jan
-
1783 Apr
109% Sep
32
Jan
28
Jan
31
Apr
.85
Jan
J'ne 24
182
Jan
3
A174
3®4
208%
67%
2934
80%
11038
Apr
J'ne
Aug
Sep
Sep
Oct
6684 Feb
4
28% Feb
3
27%
Jan
2
6838
107%
Sep
Jan
Deo
Feb
Feb
102% J'ne 10
111
Jan 30
46%
884 J'ne 10
.15
May20
29% J'ne 11
J'ne 10
62
1634 J'ne 27
2% J'ne
6
J'ne
6
Jan
4
6
Dec
330
Jan
3
300
Apr
tt>18% J'ly
7
2%Jan
2
Dec
42% Jan
80% Jan
35
Dec
60
Feb
3
3
2
3278 Feb 10
4% Mch 6
6
.05
4
45
Jan
2
72% Jan
555
Jan
2
2
405
Mi J'ly
400
J'ne 10
10
J'ne 10
30% J'ne 10
J'ne 10
May 13
J'ne 10
J'ne 9
1% J'ly
8
37%
2%
9%
4%
J'ne 10
61
5% J'ne 12
18
Jan,
47% Jan
'53
Jan
4
6
2
2
Jan 27
15% Jan
9
4
2
3
7% Feb
35
Apr 28
1
J'ne 10
16
2% Jan 14
5
1634 Sep
16% Apr
6ui«Apr
7734 NOV
11% Oct
Feb
22
2778 Jan 10
% May 8
3% J'ne27
44% J'ne 12
79
J'ly
1
1
25
27% Apr
60% NOV
66% Apr
7% Mch
Dec
33
Oct
37
May
30
Nov
3
.70
Dec
2
Jan
4
11% Sep
40% Jan
59
87% Jan 10
33% Jan
2
3
Me Feb 15
85
May
Apr
6534 J'ne
91% Aug
37% Nov
3% Feb
3
May
49
Apr
8
Apr
14% J'ne
23
Jan
l%Jan
7
3% Feb
4
5% J'ne 19
3% J'ne 4
478 J 'ne l2
2% J'ne ll
5% J'ne 10
26% Jan
6% Jan
3
2234 Deo
3
10% Jan
2
4% Feb
10% Dec
5% Jan
2
6
Dec
15% Jan
2
20% J'ne 10
3
234
2338
ls8
50%
18%
Jan
Jan
Deo
J an
2
Dec
*"210
"""70
370
381
Valley Mines.-
Mayflower.
Miami Copper......
Michigan
—
25
5
25
Mohawk
.95
J'ne 24
20% Jan
2
Apr
25
42
J'ne 10
65
Nevada Consolidated.
5
New Arcadian Copper 25
Nipissing Mines
5
North Butte—.—.. 15
13
46 North Lake
....
25
Ojibway M'ning..... 25
Old Colony.25
82 Old Dominion
150 Osceola
Co
—
1,535 Pond Creek Coal.
49
25
6
25
Consol.
-
Quincy.
250 Ray Consol Copper..
10 St Mary's Min Land.
404 Santa Fe Gold &
Cop.
1,802 Shannon
105 Shattuck-Arizona
South Utah M & S__.
25
25
10
25
10
25
92
Jan
7
J'ne 10
1934 Jan
4
% J'ne 10
8%e J'ne 10
2% Jan
2
2184 J'ne 10
May 17
34% Jan
2
.99
10
5
25
Superior & Boston Cop 10
2
4
Apr 30
4D4 J'ne 10
74% J'ly
9
8% Jan
56
Jan
2
2
44,
2
100
Dec
15
Mch
15
J'ne 10
65
80
Jan
72% Doc
16% Jan
95
Jan
46
Jan
43
Dec
67
1
J'ne 12
3
Jan
Apr!
1
Jan
9
Jan
Mar
Aug
NOV
Apr
6% J'ly 10
21
.20
22
1
Feb 19
Jan
8
J'ne 10
Mi Jan
2
MaylS
Do
pref
Utah-Apex Mining...
"617 Utah Consolidated—.
15 Utah Copper Co——
237
Victoria
120 Winona
27 Wolverine
•100 Wyandott
fix-rights.
.......
—-
...—-
.95
J'ly
50
34
50
5
45% J'ly
1% May
7% May
5
9
J'ne 10
24
Feb
4
1
Dec
3
20
Jan
61
9
4
Deo
3% J an 28
43% Jan
2
9%
4uia
x50&s
62%
3"i,
20%
_
28% Jan
.35
3
Jan 18
40% Jan
c4% Feb
38
Jan
2
Jan
6
Jan
47
2% Jan
8
1
Jan
Nov
11% Jan
2
J'ly
J an
Dec
6
2
9%
62%
1%
8%
Jan
3
65
l%Jan
9
60
Jan
25
25
25
25
.90
J'ne 10
2
Jan
J'ne
9
J'ne 12
2%Deo
34
J'ne 10
1
Feb
% Dec
6
50
40% J'ne 12
17
Jan
7
6
40
.40
24% Sep
4%
177S
84%
1%
487s
47g
13% Jan
10
a.Ex-div. and rights,
Nov
J'ne,
22
25
1
2,755 Tuolumne Copper.._
778
29
J'ne 30
—
1,308 U S Smelt Ref & Min.
Oct I
130% j'ne
J'ne 11
J'ne 10
Trinity
64
Oct
Apr ■
Jan
May
15% J'ne 10
3
195
28% Jan
Sep
Apr
Deo
33
21
—
107
1% Dec
203 Jan
J'ne
2438
0%
9%
39%
884
c634
13%
Jan
Jan
3
Jan •,
Apr
Sep i
Apr
73
534 Jan
2234 Feb
2% Dec
3% Jan
;
9%
18%
3038
6%
Jan
284 Jan
25
373 Tamarack
9% Mch29
Jan
6
% J'ne
10
10
"""85 Superior
8
.80
'
2'
2034 Jan
2
Apr
25
75 Mass
.
...
J'ne
16
84 Jan
17
Jan
25
150 Mason
Apr
J'ne
Apr
J'ne
Aug
Sep
615
078 Sep
25
pref...—..
Feb
15% Dec
25% Feb
48% Dec
3% Oct
12% Jan
3% Jan
73% Jan
9% Jan
10
Do
.
Oct
678
9%
634
5134
83%
.
Jan
Jan
25
35
Jan
7
1
25
Mining..—
190 Island Creek Coal...
2
18% J'ne 10
56% J'ne 11
J'ne 19
405 Indiana
a% May
50% J'ne
9263 Oct
4% Dec
216io J'ly
19% Feb
67% Feb
3
14
Copper
11% Apr
J'ly
370
24% Feb
Feb
Jan
7
Keweenaw Copper—
\
9878 Feb
Aug
4% J'ne
229
148% Oct
Lake Copper Co
220 La Salle Copper___.i
.90
95
Dec
214% Dec
.2% Mch
4
69
20
""BIB
1%
Mch
Deo
Jan
Oct
107
Apr
x88% J'ly
93
Jan
17% May
Jan
Helvetia
45
Mch
Feb
9
20
103
16% Apr 2
Mch 6
28% Jan 15
28% Jan 20
Heclley Gold..
...
105
300
108
25
185 Hancock Consolidated
v
94% Mch
84
May
x90% J'ne
5
Aug
10% Aug
1034 Jan
272% Sep
.
104
J'ne 11
50
5
220
7
b fix-stock div.
147
5
18 Franklin
46%
46%
Last Sale 134
Jun '13
9%
9%
*834
9
*42
4184
42%
42%
*1
.90
Sm.
1,281 Copper Range Con Co 100
Daly-West
...
20
46%
Q
Mch
Mayl2
Commercial.
135 Centennial
'"""75
l'A 1%
*35%
36
35
45%
*1%
134
Zinc Lead &
180 Chlno
75
2434
2%
29%
334
Mch
30
2
J'ne 24
Copper 100
1,362 Calumet & Arizona
32 Calumet & Hecia..
3%
44%
,16% t1684
*5684
*56%
68
*16% 1678 *16% 1634
*34% 35
*34%
35
1%
2
*1%
6%
6%
6%
*22% 23
♦22%
23
Last Sale %
Jun *13
149
Nov
79% Nov
6
84 J'ne
1
Bos&CorbCop&SilMg
5
'""690 Butte-Balaklaiva Cop 10
1,060 Butte & Sup Cop (Ltd) 10
'13
,17
58
Mch28
27
275
25
159 Arizona
5
27
.95
880 Am
1%
'83«
24%
-2%
2434
3%
180 Aliouez
3,520 Amalgamated
*1%
*S»X#
24%
1%
14% Apr 15
25
7,270 Alaska Gold (half pd.) 10
50 Aigomah Mining
25
241
'Last Sale .60
137% Jan
165% Jan
5
25
2 Ahmeek
14%
*24%
2%
3%
1%
45
*
.
J'n»
Nov
May
Aug.
0334 Mch
Mining
170 Adventure Con
'13
....
11384 Dec
114% Dec
6%
24%
13363
12334
J'ne
263g J'ne 24
14%
8%, 8 'X,
46%
1S4
1»4
1634
35
1%
35
.90
44
.80
75
17
67%
14%
21
Jun
♦42
____
41%
415s
1«4
45
14%
*1%
0
1»4
.60
.
*42
45%
*1%
Q
*43
*
1J6
.15
3%
Last Sale 1
35
3512
40i4
Q
*22%
»
27
*3i8
*16%
*34%
*1%
684
1%
.20
*2334
57
1634
3484
7
1%
7i8
1%
7
45
58
16%
£5
*3%
3%
" 44%
3484
*1U
8%
24%
2%
.69
76
.
1%
*20%
Mch
100
41% J'ne 10
*3K«
2034
9
25
150
*20%
Mch
14
7
J'ne 18
152
25
100 Isle Royale Copper—
45 Kerr Lake...
3
17
Apr
6378 Apr
xl36
100
...100
18%
6
3
Corp. 25
80
Last Sale
J'ne 16
Shoe Mach
49
7%
4%
105
Aug
8
25
25
49
7%•
*3%
*5%
Dec
3
Feb
J'ne 10
*79
3%
1% Jun *13
7%
7%
*37g
5
5%
5%
*2%
3
7
July'13
Dec
98
16
Wi
J'ne 12
79
18%
54
3
J'ne 14
Jan 16
Jan
Jan 11
Jan
27
49
*2%'
*1
10
88% Feb
103% Mch
Jan 2
Jan 3
Jan 11
Jan 3
Feb 1
Jan 3
6
101
79
.
2034
10
164
Oct
99%
4%
2334
118%
117%
140%
12
.p.100
49
Last Sale
7%
3%
ll2
10%
.*18%
19
*3 Xe
3%
*1%
7%
2U
.67
3%
3%
8%
5%
3
8l2
24%
24l2
*
19
3%
2
..
8%
24%
134
.65
79
I4l4
44U
14U
*1%
1%
8%
•3U
49
79
21
ll4
44l2
*1
14
*H4.
49
7
*6%
*2034
112
5
*18%
19
11%
33%
38%
Jun '13
53s
538
*1%
1%
5434
5434
584
534
15
15
1434
1434
Last Sale 31
July'13
Last Sale .30
July'13
5
5,
*4%
5
.75
478
420
33%
38%
Deo
Nov
100
86
70
67
7
87
187
176% Sep
9378 Dec
90
10
209
Jan
Jan
Jan
80
May 19
Do
444
pref
4,388 U S Steel Corp
Do
62
pref
*10%
3334
39%
150
Jan
assachusettsGasOosl 00
394 Un
Jan
Deo
81% Feb
100
Jan
Jan
May20
Apr 28
143
J'ne
41
Feb
142«8 Apr
8!)% Sep
6
J'ne 10
100
rl74
152
10
95
1,597 United Fruit
-
36MMch25
75
130
....
Deo
128% Oct
Jan 14
Jan 23
GeneraMElectrlc..;
pref
128
75
6
Do
130
J'ne
83
72% Dec
Jan
Feb
130
Mav27
5
Torrlngton..
Dec
59
J'ne
10
16
19% Feb
79
Feb
Jan
Jan
Apr
91% Jan
1473g May
23% Jan
Dec
Dec
22
95
57
112
J'ne £179
83
125
21
Apr 30
81% Jan
7
J'ne
Button-Hole..
124
Mch 27
May 8
9
100
Jan
74
257
Union Copper L & M
5%
*1%
1%
54%
5434
578
5%
33
.30
420
12
1%
2134
59%
110
125% J'ne 10
I684 Feb 28
100
256
*5
1%
54%
6
15%
*32
*
*1%
2134
59%
415
10
5%
*15
33
.30
514
478
'55
*32
*
10
*1%
54%
*534
IV, iu
July'13
Last Sale 2%
....
*5
4%
6
I5I4
*30
•
*2%
10
10
55
*.30
.1%
60
IO84
....
4l2
2%
22
40
-
10
10U
*5
*1%.
33
410
,63%
18%
18%
2%
59%
138
31%
6334
18%
2%
*1%
31%
64%
22
173S
105
9
Jnel2
J'ne 9
10
2 Reece
290
1738
1%
32
2%
10*4
33%
40
3
*2l2
1*10
1
420
1034
*33
3312
1784
16% J'ne
100
428 Swift & Co
.1%
1%
*267
Last Sale .95
1%
22%
59%
22
5918
18.
2%
.90
1%
290
17%
*1%
*31%
637S
18%
'
.60
23
*1% I
*265
17%
1%
31%
63%
*2%
278
.60
1%
285
1078
*1%
31%
6234
6378
18
*212
*
*1%
*265
17%
*H8
3H2
633s
-
234
*.60
Us
300
1838
1%
3H2
6334
,
»ll8
280
J'ne 23
2% J'ne 11
Elec^llum
„
1%
H8
*267
100
67 Pullman Co..
45
52%
Do
Do
pref
...100
Morgenthaler Lino
100
•"60 Mexican Telephone
10
N E Cotton Yarn....100
Do
pref
.100
119 N E Telephone
..100
June'13
♦27%
52%
53
104% 104%
pref
100
Amoskeag Manufacturing
Do
pref____._______
44% J'ne 27
Jan
128
Mch 13
90% Jan
150
Feb
x91
272
Dec
85
80% J'ne 10
130
May 15
J'ly
May21
J'ly
119
110
176% Feb
70
170
260
162% Jan
88
Do
126
J'ne21
cElwain(WH) 1st pf 100
27% June'13
45%
2712
5178
158
50
Aug
165
May
107% Oct
Feb 8
Feb 10
30
May 15
139% J'ne 12
50
Do
J'ne28
J'ne 25
50
147
3%
Last Sale 1
June'13
152
152
152
152
67
99% J'ne 12
115
310
89
*1434
15%
104% 105
27%
27%
105%
_
55
351
*13934 140
153% 153%
15%
105
28
4478
104i2 104%
.100
.......
pref
100
Pneu Service.. 50
117 Edison
June'13
3%
140
""♦34
1
89
Do
20 East
11
Last Sale 68% June'13
104% 10512
152
410
138% 138%
♦977a
98%
90%
90%
88%
•
28
pref
115% J'ly
82% J'ly 11
100
Apr 29
1234 J'ne 14
250 Atl Gulf & W I S S L.100
11
277%
Last Sale 212
*3%
'""93
....
*10
90%
88%
140
27
"~*h
152
4538
2758
52ig
453s
o
1
90
*15
15U
28
100
pref
;
50
171 Amer Sugar Refin.._100
Do
304
pref
;
100
1,787 Amer Telep & Teleg.100
American Woolen
..100
June'13
*
98
13934 140
153
153l2
105U
28
162" I53"
98
*67
105
28
11
137% 138%
*20
*67
140
..100
pref
250 Amer
June'13
11
276% 277
137% 138
♦977s
98l2
90
9012
9014
92
88%
88I4
*212% 215
"~3%
*3%
312
75%
-
*6%
11
*10
13714 13734
98
97l2
*212l2 215
75
Last Sale 95
*1084
10
275
97l2
75%
*6
"ll "
275
90
100
..100
Pacific
Miscellaneous
Agricul Chem_.100
127
127
Last Sale 60
95
11
*10
W
75
65
275
9712
Colony
Rutland, pref
137
*6
11
100
262 Amer
75
7434
H
Old
92%
Last Sale 1738 June'13
75
122
47
11212 113%
120l2 127
*60
J'ly
92%
10712 IO784
12% Jan
J'ne
47
255
May
J'ne
Dec
100
92
*17
li
80
7
Fitchburg pref
.100
Ga Ry &Elec stmpd.100
Do
pref
100
Do
2%
*17
17%
107% 10734
113
113%
Dec
Dec
260
Vermont & Mass
2%
10
7% Mch
Feb 25
Mob
Dec
Mch
Jan
70
200
47%
2%
17%
43
163
100% Jan
300
Apr
290
„
Oct
Feb
Apr
Men
100
92
2%
5
218
Dec
7% Feb 19
65
6
i
Mch 6
Jan 13
46%
.
Mayl4
7% Feb 19
Dec
Nov
94
Feb 14
92%
234
17%
250
112
111%
104%
222%
13434
202
114% Jan 30
Jan 27
97
Jan
290
Jan
205
Jan 24
58 West End St..
71
July'13
J'nel2
45
Do
May'13
71
Last Sale 88
Highest,
10378 Feb
101% Nov
211% Sep
_
107
47
40l2
9218
♦2i2
*21*
*7012
_
50
100% Jan
10188 Feb
Jan
215
166
85 Union
145U *144% 145
Last Sale 86
July'13
Last Sale 130
"76"
11
June'13
*145
9584 J'ly
Apr 30
83% J'ne30
181
May
190
J'nel9
Northern N
165
*161
Last Sale 31
81%
70
*81*2
144
165
*161
31
14412 144l2
♦8H2 8214
Lowest.
101% J'ne20
Do
pref
Connecticut River
Maine Central
100
50 Mass Electric Cos
100
37
Do
pref stamped .100
595 N Y N H&Hartford. 100
June'13
tor Previous
Year 1912.
Highest.
J'no 12
67% J 'ne
10
13%
13%
*68%
101% 101%
Last Sale 115
*160~
10
82%
100% 100%
*13%
14i2
*68i4
101% 10214
68I4
68I4
10078 10114
102
IIII
*200"
...
2
101
82%
III!
♦131*
10134
5
103
94
pref.
Boston & Wore Elec Cos.
Do
pref
Chic June Ry & USY.100
June'13
103
200
l02~
Do
June'13
Last Sale 163
165
*102
100
511 Boston & Maine
100
Boston & Providence. 100
Boston Suburban El Cos.
5734
July'13
Last Sale 57% June'13
Last Sale 7
May'13
52"
*104
*102
Boston & Lowell
July'13
65
Last Sale 7%
15
65U
8
*102
95%
Last Sale 260
*712
♦50
♦164
95%
Range
Railroads
_
Atch Top & Santa Fe.100
16
Do
prof
100
77 Boston & Albany
100
434 Boston Elevated..
100
52
198% 198%
88%
88»4
*53
*250
'
8
95%
*95%
Last Sale 185
...
5312
*250
9578
9634
8884
957s
9684
♦197
Range Since Jun. 1.
basis of 100-s/iare lots
Lowest.
.
95«4
97i2
*9512
On
EXCHANGE
Week
Friday
4% Jan
76
s Unstapjped. _f 2d
_
paid.
It/t
Sep :
Feh
1I34 Apr*
Dec
no
Jan '■
Apr •!
Apr;
Mch
Sep
Ape
07% Sep ;
*7s Jan
T% Moh
Deo
Deo
Tftlll
Jlr
"
Id
.
JtSL
July 12
BONDS
Price
Week's
Friday
Range or
Since
July 11
Last Sale
BOSTON STOCK EXCHANGE
Week Ending July 11.
1.
Jan.
Week's
Range or
Last Sale
July 11
Ask Low
Bid
87% "n
100% 10034 103%Mch'13
10034 "ii
10034 Sale 10034
897, J'ne 12
J-J
M-N
A-O
Nov
M-N
J-D
J-D
94
•
Boston Elev3
-yr
987g
K'O FtS&MRy ref 4s
Kan C M & B gen 4s
Assented income 5s_
J-J
Boston & Maine 4Hs
J-J
Plain 4s
F-A
101
Bur & Mo Riv cons Gs__
J-J
Butte El & Pow 1st 5s
1951 J-D
104% J7ne '13
Cedar liap & Mo Riv 1st 7s 1916 M-N
83
J'ne'13
83i8 85
Cent Vermt 1st g 4s
May 1920 Q-F
1103 Oct *07
0 B & Q Iowa Dlv 1st 5s... 1919 A-O
98
May'13
Iowa Dlv 1st 4s
1910 A-O
100
J'ly '13
Denver Exten 4s
1922 F-A 10078 10418
98
100l8 98% Mch '12
Nebraska Exten 4s
1927 M-N
98% Dec T2
B & S W sf4s_
1921 M-S
837<j Mch'13
Illinois Div 3Us
1949 J-J
99
Sale
9834
99
Chic Jet Ry & Stk Yds 5s
1915 J-J
79% J'ne'13
Coll trust refunding g 4s_194C A-O
105%III" 107 J'ne'13
Ch Milw & St P Dub D 6s__1920 J-J
105% 11234 113% Feb '11
ChM&StP Wis Vdiv 6s..l920 J-J
01
Mayl2
85% 88
Ch & No Mich 1st gu 5s___1931 M-N
94
Apr'13
93% 95
Chic & W Mich gen 5s.:.
1921 J-D
97% Sep '11
Concord & Mont cons 4s
1920 J-D
95
Mch'13
91" "95
Copper Range 1st 5s
1949 A-O
100% Aug'12
Cudahy Pack (The) lstg 5- 1924 M-N
"92 100 Aug'12
Current River 1st 5s_;
1926 A-O
80% Sep '12
79
Det Gr Rap & W 1st 4s
1940 A-O
99
Feb '13
Dominion Coal 1st s f 5s
1.940 M-N
95
Oct '12
Fltchburg 4s
.1927 M-S
122
Feb '13
1147,
Fremt Elk & Mo V 1st 6s._1933 A-O
122
Mch'12
Unstamped 1st 6s
..1933 A-O
New Eng
82
100
837,
85%
98% 100%
79% 86%
107
110%
13
108% 108%
*15
♦15
Shares,
103
109
109
♦15
17
16%
♦58
61
61
*58%
114% 114%
mrmmm
mm. mm
♦
104
109
♦14%
•
-
-
-
"
26"
"267,
26"
114%
♦114
♦
19
25%
"25%
25%
25%
26
889
♦37%
3*8"
"38"
88"
*37%
38"
"38"
38"
♦37%
88
7
43%
44
44
♦43%
44
11%
42%
■•41.
Inactive
below)
prof
100
.
100
pref tr ctfs.100
Northern Central
50
Seaboard Air Line
100
Do
pref
100
United Ry & Electric. 50
59
59
61
see
Do
1-4 OO
1
IOI Cni
90
88
97
44
♦45%
35
44
43%
44
*45%
46"
"45"
35
34%
34%
•34
72
46"
50
50
50
Electric Co of America 10
Elec Storage Battery.100
Gen Asphalt tr ctfs__100
Do
pref tr ctfs.100
Keystone Telephone. 50
Lake Superior Corp..i00
Cement
71%
♦11
11%
*11
11%
435
•23
24
♦23
24
84%
84
84
72%
72%
19%
19%
32
32
32
32%
55%
55%
55%
55^55%
39%
39
39%
39
39
39
40
♦84
84%
84%
72%
73
1978
32
32
32
J
65%
•39
39%
10%
1078
♦19
55% 5578
*39
145
1034
72
72
23
197,
337,
24
23
73
287
45
337,
71%
34
*23%
71%
107,
72%
107S
24
107,
34
808
45
"45% "45%
71%
72
84
72%
72%
73
19%
♦19%
200
19%
19%
205
73
♦72%
20%
32%
10
84%
84
84
150
505
33
*31
2,856
59% 59%
Railways..
Cambria Steel
American
238
♦23%
*71%
45%
34%
96%
95%
99% 101%
97
97
99% J'ne'13
99%
97%
97% Feb '13
97%
99%
97%
98% Nov'll
9878
9778
100"%
"98% "99"%
88%
8578
120
Jan 16
594
Leh C & NaV tr ctfs..
50
Lehigh Valley
...
50
Lehigh Valley Transit 50
Do
pref
50
Pennsylvania RR.;
50
Philadel Co (Pittsb)
50
25
101
14
J'ne 10
23
58
J ne
9
68
9
114% J'ly
14% J'ne11
123
23
Apr
Jan
6
Feb
6
37
J'ne 11
41
Jne 10
27% Apr
Feb
6
12% Jan
64% Jan
42 78
Feb
70% J'ne 10
78
31% Jan
J'nelO
93% Jan
70% J'ne 10
4
15% Jan
29% J'ne 12
53% J'ne 4
37
J'nelO
21%
21%
21%
21%
1.971
Philadelphia Elect! —
♦21%
21%
21
21
1,041
Phila R T vot tr ctfs
50
20% J'ne 10
20
J'nelO
21%
78%
78%
5,465
378
Reading
50
787g
778%
75% J'nelO
78%
4%
Tonopsm Mining....
Union Traction.,
United Gaa lmpt_._.
50
50
48
837,
83%
837,
■
Inactive Stocks
American
40%
72
Electric
100
100
Huntington & B T
50
Consol Trac of N J
Am
10
50
Insurance Co of N A
Inter Sm Pow & Chem
Keystone Telep, pref. 50
Keystone Watch Case 100
*21
44%
"17*
50
50
Nat Gas Elec Lt &P..100
56
100
80
Schuylkill
Minehill & Schuyl H__
Preferred
North
Pennsylvania.^ 50
Pennsy receipts SI 5 paid.
Pennsylvania Salt.... 50
Pennsylvania Steel
100
Preferred
100
Phila Co (Pitts) 5%,prf
6% cumulative pref.
50
50
Phila German & Norris
50
Phila Traction
50
Railways General
10
Tonopah Belmont Dev
1
United Cos ofN J
100
United Trac Pitts pref
50
Virginia Ry & Power. .100
Preferred
100
Warwick Iron & Steel.
10
100
100
Welsbach Co
100
West Jersey & Sea Sh. 50
Westmoreland Coal.. 50
Warrants (when Issued)
100
30
Preferred
m
m
*
57%
6
....
Phil Elec
gold tr
Trust ctfs 4s
42
50
37
38
7
6
Apr
Feb
23
.
Dec
92% Jan
1678 Sep
33% Deo
Jan
60
35% Sep
Sep
100
4934 Dec
[| 107g Jan
22% May
74% Jan
63%i Apr
66% Feb
2434 Sep
29
Sep
89% Apr
8% Apr
63
Sep
Dec
6
4934 Feb
86% Jan
9238 Aug
ctfs_A-0
1949—J-J
90%
70
*9*9%
103%
93%
100
93
2d
G-B-S
Brewing
Bonds
M-N
97%
85%
102
79%
80
ii $15 paid...
-
-
-
93%
-
86
m't*
101
96%
22
*91
Norf
Ry & L 5s
'49..M-N
North Cent 4 H s 192 5 A-O
Series A 5s 1926....J-J
80
1%
100
36
.38
ioo"
102
81%
~96%
68
97
NptN & O P 1st 5s'38M-N
N & A Terml 5s '29..M-S
Nor&Port Tr 1st 5s'36 J-D
170
2
88
99
98
99
101%
-
1
1
8934
90
92
87
94"
103
103%
Cent Ry cons 5s '32.M-N
Ext & Imp 5s 1932 M-S
4th
103
100
City & Sub 1st 5s 1922 J-D
City&Shb (Was) 1st 5s '48
i 13)4 paid,
t 917)4 paid.
103
104%
94
•
•
«
•••
mmmrnrn
99% 102
Chas City Ry 1st 5s'2. J-J
Chas Ry G & El 5s '09MS
•
-
101
92
•
1
mmmm
90
99"
L(Ct)ctfs 5s J-D
...
J-J 101%
1997..J-J
Poto Val 1st 5s 1941...J-J 101 '
Sav Fla & West 5s *34 A-O
Seab Air L 4s 1950...A-O
Seab & Roan 5s 1926—J-J 101
South Bound 1st 5s
A-O 101
U El L&P 1st 4Hs'29M-N
"82% "83""
Un Ry & El 1st 4s '£9 M-S
61% 62
Income 4s 1949
.J-D
86
85
Funding 5s 1936..J-D
103
Conv notes 5s 1914 J-J
101
Va Mid 3d ser 6s '16.M-S
Series B 5s 1926
Pitt Un Trac 5s
90%
5-20-yr 4s 1925
J-J
4%jS '53 F-A
Bait Trac 1st 5s '29.M-N
No Bait Div 5s 1942J-D
m m
88
99
95
deb 4s_M-N
conv
B S P & C 1st
9634
84%
.
Memphis St 1st 5s '45.J-J
Monon V Trac 5s '42 J-D
Mt Ver Cot Duck 1st 5s_
98%
Atl Coast
86
-
-
-
5s 1916...'
Atl C'st
101
-
-
108
Prices are all "and
interest"
Bait City 3Ks 1930—.J-J
4s 1954-1955
Various
-
-
101
Consolidation Coal.—100
100
100
—.100
100
•-
104%
'29 J-J
97
preferred
preferred
94%
97%
Georgia P 1st 6s 1922—J-J
Ga So & Fla 1st 5s '45.J-J
71
72% G-B-S Brew 3-4s '51.M-S
Houston Oil div ctfs__F-A
90%
Knoxv Trac 1st 5s '28 A-O
*0*3% MaconRy&Lt 1st 5s'53J-J
Md Elec Ry 1st 5s '31 A-O
Ga Car&N 1st 5s g
71
235
1st
100
Fair & Ci Tr 1st 5s *38 A-O
Ga & Ala 1st con 5s '45 J-J
95*
Atlan Coakt L (Cpnn).lOO
Canton Co
100
Georgia Sou & Fla;
93
Gen 4 Hs 1954—A-O
100% Cons G E & P 4Ms '35 J-J
Consol Coal 5s 1950..J-D
Anacostia & Potom 5s A-O
P & E gen M 5s g '20.A-O
Gen M 4s g 1920...A-O
H Ex-div. and rights,
97%
Ask
Bid
J-J
Consol Gas 5s 1939—J-D
BALTIMORE
m
"ll "
.
Aug
Deo
73% Deo
13
Sep
BALTIMORE
Ask
Inactive Stocks
"
Bid and asked; no sales on this day.
90
'14.Q-J
1935.M-S
1st series B 5s 1935 M-S
6% 6%
MarketStEl 1st 4s '55M-N
220
NatLH&P serB 5s '19 J-J
New Con Gas 5s 1948.J-D
N Y Ph & No 1st 4s'39 J-J
Income 4s 1939
M-N
"9"% "io"
Pa & N Y Can 5s '39.A-0
Penn Steel 1st 5s '17.M-N
78
People's Tr tr ctfs 4s.l943
*60 " 61 " P Co lst&coll tr 5s'49M-S
60
Con & coll tr 5s '51 M-N
«•
Apr
877g Mch
78% Feb
8% Jan
8
3
Oct
J'ly
27
24% Feb 14
91% Feb
Sep
18
9
3
3
28
28
9
28% Jan
3
84^# Jan 2
6% Jan 13
51% Jan
9
Jan
55%
12%
683,
39%
Col & Grnv 1st 6s 1916
Roch Ry &
102%
"57"
1st series A 4s
10
J an
7
47
Coal & O Ry 1st 5s '19A-0
Coal & I Ry 1st 5s'20 F-A
Bid
84
95%
m
9
3
8034 J'nelO
Imp M 4s 1947.A-O
Read Trac 1st Cs '33..J-J
L con 5s '54J-J
Spanish-Am Ir 6s '27._ J-J
Stan'd Gas & El 6s'26 J-D
102*
115% Stand Stl Wks lst5s'28 J-J
9934 U Trac Ind gen 5s T9.J-J
Un Rys tr ctfs 4s '49 _J-J
100
United Rys Inv 1st coll tr
s f 5s 1926.......M-N
ids" 105"%
Welsbach s f 5s 1930..J-D
82«4 83
Wil-B G&E con 5s *55.J-J
"96
York Rys 1st 5s 1937.J-D
"95
83%
1924.Q-F 102'
105%
104
Leh V C 1st 5s g 1933.J-J
102
100"%
Leh V ext 4s 1st 1948.J-D
Il2
Consol Cs 1923
J-D 111
"66" "
"62%
101%
Consol 4Hs 1923.—J-D
40
142
41
Annuity Cs
J-D
40
"94%
Gen cons 4s 2003..M-N
Leh V Tran con 4s '35 J-D
81
82 "
m
PHILADELPHIA
Terminal 5s g 1941 Q-F
P W & B col tr 4s '21__J-J
Gen M4Hsg
50
;
J-J
S'tl 6s
Lehigh Nav 4%is
Wilkes Gas & Elec
Railway
'60 J-J
1998.0-F
1919 J-J
21% Con Trac of N J 1st 5s '83
Del Co Rys tr.ctfs 4s'49J-J
Edison Elec 5s 1946..A-O
Elec & Peoples Tr tr ctfs.
46
Fr Tac & H 1st 5s '40. J-J
Gen Asphalt 5s 1916.M-S
Harw Elec 1st Gs 1942 M-S
interstate. 4s 1943
F-A
57
Keystone Tel 5s 1935._ J-J
Lake Sup Corp inc 5s'24 O
Bethleh
10
Lit Brothers
A.-0
Rys 5s 1917
Berg&EBrew lst6s'21
Kentucky Securities.. 100
York
Ask
Ex
Ch Ok & G gen 5s
26
4% J'ly
46% J'ne 10
Ph & Read 2d 5s 1933 A-O
Atl C Gas lstsf 5s
50
I'referred
Preferred
Bid
interest"
Alt & L V Elec 4 ^s'33F-A
Am Gas & Elec 5s '07.F-A
100
99
1
50
Apr
27% May
5534 J'ne
26%} Sep
-1
Prices are all "and
1%
50
100
100
Preferred
Washington-Va Ry
779
Bonds
10
100
Central Coal & Coke
Little
615
48%
83%
,
Milling.
Amer Rys pref
Cambria Iron
Harwood
83%
PHILADELPHIA
Ask
Bid
PHILADELPHIA
•48
48
83%
83%
84
4%
4%
4%
♦4%
48
% J an
2378 Mch
37% Mch
61% Jau
84
130
6934 Apr
13% May 10
934 J'ne 10
J'ne 4
81
Apr
72*2 J'ly
J'ne
1
May 13
22
May
25% Nov
40% Oct
41% Mch
11% J'ly
6234 Jan
9
9
9
4
11% J'ne 16
21%
83%
2
117
116
Dec
18
*49% Feb 24
53% Jan
Highest
45% Mch
18% Jan
3
42% J'nelO
33
J'nelO
77%
48
9
8% Jan
53% Jan
i21
Dec
47«4 Jan 24
Jan
2
4
Apr 2
Jan 30
21
43% Feb 28
21%
48
.Jan
Jan
96
120% Jan 31
21%
4%
Previous
(1912)..
Lowest
J'ne 12
21%
478
Year
J'nelO
.21%
78%
„
1.
101
78
47,
Yearly
Hangs 1or
101
21%
48
93% Feb *12
Highest
Lowest
2IS4
.
98
asked. II Fiat prices.
21
48
95%
93%.
99% J'ly *13
97
97
9934
98%
96%
217g
♦4% 4%
"92" " "96%
94*4 Apr
Sale
97
96
100%100%
95% 95%
94
'S3
„
103%
90
95% j'ly *13
93%
Sale
92%
21
4778
8378
100
"o7
90% 1017, May' 12
89%
94
21%
78%
Apr
10034 Mch'13
Philadelphia
American
k
"Jan 'II
70% Deo '10
100'
90
J'ne'13
100
,
Range Since Jan.
Houston Oil tr ctfs
16
♦14%
....
Do
♦11%
"26"
103
Sale
100
.1927
Baltimore
Con Gas El L & Pow.100
109
43%
18%
Stocks
104%
"
♦
♦17%
♦17
19
♦17%
109% 109% 111% Oct '12
* No price Friday; latest bid and
Bonds and
(For
Week.
July 11.
105
mrnrnm
•58%
60%
♦58%
Friday
July 10.
«
mmmm
117% 125%
Apr '09
9878 Sep '09
93%
of the
♦103
105% ♦,103
101
99% 101%
101
4s_1946
..1922
ACTIVE STOCKS
Sales
93
101
13
101
75
Dec 11
92% Mch'12
117%
117%
Apr
Exchanges—Stock Record, Daily, Weekly,
Thursday
9.
July
8.
July
7.
July
101
91
1923
.1925
"95" "95"
U S Steel Co 10-60-yr 5s Aprl963
West End Street Ry 4s
.1915
Gold 43^s
...1914
Gold debenture 4s
1916
"99" "99%
Gold 4s
....1917
Western Teleph & Tel 5s
1932
m" 122*
Wisconsin Cent 1st gen 4s
1949
Pricog
Wednesday
Tuesday
Monday
July 5.
1932
5s_.1934
deb3>*s_1956
1948
Colony gold 4s
1924
——
for all Boston bonds.
90
1007, Sale 100%
Y N H & H con
Conv deb 6s
20-year conv 4s
United Fruit gen s f 4^s
Debenture 4^s
98
92%
98%
90
90
94%
99%
93%
May'13
99
98
Puget Sd Elec Ry 1st 5s
1932
Repub Valley 1st s f 6s
1919
Savannah Elec 1st cons 5S..1952
Seattle Elec 1st g 5s
...1930
Shannon-Ariz 1st 6s g
1919
Terre Haute Elec g 5s
1929
Torrington 1st g 5s
1918
Union Pac RR & id gr g 4s.l947
'
Saturday
93%
Sale
"94"" "97"
'95%
93%
95%
4)5%
93%
99%
90
1915
Teleph 5s
Oregon Ry & Nav con g
Oreg Sh Line 1st g 6s
"95" "98
in addition t6 the purchase price
Per Centum
PricoJ'—Not
89%
100
Philadelphia and Baltimore Stock
Shar®
N
Old
....
.
"95"
80
78
99% 101%
J'ne'08
115
New River (The) conv
104"% 104*%
,
NOTE.—Buyer pays accrued interest
98
4 Hs_
5s
102
101
78
96
Out 1st 6s__1925
...1929
.Dec 1931
Mich Telephone 1st 5s
1917
New Eng Cotton Yarn 5s..1929
108% 113
76% 76%
90% 90%
7638Jan '13
90% Feb '13
78% May'13
100
J'ne'13
90
1934
92
Apr '08
Feb 13
92
7178
697,
gu_1936
1934
4^s
Mass Gas
Deben
95% Feb "12
100% Mch '09
1041v Oct '08
95
Feb '12
101
J'ne'13
1916
1944
1942
1918
117
91
Marq Hough &
62%
85
59
50
May'13
50
"27
94
94% May'13
108% 108% May'13
105
99%
96%
957,
92
93%
Ry & Br 1st 5s_1929
Kan C & M
94%
99%
93%
99% Apr '13
9378
f gen 5s_1925
Sioux C 1st 7s___1917
Clin & Spr 1st 5s
1925
Kan O Ft Scott & Mem 6s__1928
98
93
60
60
98%
Kan C
1
H Igh
Low
No
High
9678
la Falls &
89% j'ly 12
95% 104% Sep '12
99% 110% Mch'11
*94%
g4s___„„1935 M-N
Boston & Lowell 4s
Houston Elec 1st s
Since
Jan.
93%
4s...........1921
Registered
87% NOV 12
85%
837,
8934
102% 106
99
104%
J'ne'12
94
131
Atch Top & 3 Fe gen g 4s._1995
Adjustment g 4s
.July 1995
Stamped
July 1995
50-year conv 4s
1955
10-year conv 5s
1917
Atl Gui& W 1 SS Lines 5s_1959 J-J
Bos & Corb 1st conv s f 6s
1923 M-N
86
87%
General Motors 1st 5-yr 6s.1915
Gt Nor CB&Q coli tr 4s__1921
102
99
'13
9934 Apr
87ij> Sale
M-S
20-year conv 4 Ms
1933
Am Writ Paper 1st s f 5s g_.1919
Am Zinc L & 8 deb 6s
1915
No.
High
As* Low
Bid
A-O
J-J
Am Agricui Chem 1st 5s
1928
Am Telep & Tel coil tr 4s
1929
Convertible 4s
.>1930
High
Low
Range
Price
Friday
BONDS
Range
BOSTON STOCK EXCHANGE
Week Ending July 41.
!
J 09
Record
Boston Bond
1913.]
~
103%
101%
ser
3-4-5s 1921 M-S
100
M-S
101
5th series 5s 1926
Va (State) 3s new '32.J-J
Fund debt 2-3s 1991 J-J
West II O con Gs 1914.J-J
Wil & Weld 5s 1035...J-J
103"
110
the
chronicle
Volume of Business at Stock
Exchanges
WEEKLY AND
Bid
i
•
Amer Teleg A
Cable...
)
As*
110
Deb 4s 1923
American Surety
St,ocks.
&c.,
11 1913.
Shares.
164,720
Tuesday
127,087
Wednesday
Thursday..........
Friday
231,947
162,970
$15,124,500
11,431,200
21,181,700
14,908,500
63,781
5,995,600
_
...
Total
750,505
....
Sales at
York
$1,164,000
1,328,000
1,150,500
1,174,000
921,500
$68,641,500
1913.
value
1912.
2,287,114
$68,641,500 $207,398,500
.
Bank shares, par.——
Bonds.
$1,600
$91,900
$399:666
1.492,000
5,738,000
13,844,000
$7,256,000
$14,243,000
RR. and misc. bonds..
bonds
TRANSACTIONS
AT
THE
July 11 1913.
Bond
Listed
Unlisted
Sales.
Shares.
Shares.
3,812
25,606
.........
$26,000
31,700
26,100
25,000
14,200
21,521
$123,000
.
Total
4,498
3,869
4,052
1,688
3,440
2,808
2,854
4,115
3,273
1,620
17,547
$39,400
25,900
42,000
37,300
32,300
14,670
Casualty Co of America. 100
Celluloid Co
100
110
99
120
127
129
City Investing Co
list.
80
85
99
96
98
94
prices
"and interest" except where
are, now
9958
9812
993s
9912
Street
Street Railways
New
York
Bid
B'y A 7th Ave stk
15
18
50
63
140
160
1st 53 1924...
Crosatown
100
10
Northern Securities Stubs..
.J
98*2 10U2
stock.. 1
10
104
3168
♦67
1
3
110
125
101
*
.
Dry Dock E B & Batt—
gold 5a 1932
99
_J-
28
33
275
300
J
/
99
240-
/
170
1
"
3
24
27
103
112
/
113
Chesebrough Mfg Cons. 100
1945
100
Cumberland Pipe Line.. 100
152
Eureka Pipe Line Co
50
99
Other Cities.
Am Gas A Eleo com....
5
20
220
260
100
103
90
95
88
95
95
*75
45
Am Lt A Trac com.....100
Preferred
360
108
62
65
75*2
78
98
1st
101
80
87
78
5s
1927
6s
100
103
"90"
Standard Oil (California) 100
170
93
175
320
Stand Oil of Indiana—100
315
Standard Oil (Kansas) —100
295
302
10U
Stand Oil of Kentucky—100 400
Stand Oil of Nebraska..100 280
Stand Oil of N J (old)..100 1020
Stand Oil of N J
100
346
J-D
95
85
Standard OH of Ohio...100
268
Swan A Finch
100
188
197
350
Union Tank Line Co
100
125
68
100
175
178
.......10
*28
88
Washington Oil
80
83
Waters-Pierce
128
58
Indiana Lighting Co.... 100
38
42
(See also Stock Exchange List)
..—F-A
65
68
Amer
50
90
A-O
85
77
4s 1958 opt
Indianapolis
71
1st g 5s 1952
67
"27"
78
78
82
New Orl Rys A
e
Preferred
Lt
com .100
2312
Corp of N J—See
Tr ctfs
6%
6612 Pacific Gas A
73
perpetual
104
100
list
106
76
72
99
100
103
1st
5s
1921..^
A-O
J C Hob & Pat 4s '49 M-N
So J Gas El A Trac
Gu g 5s 1953
100
mm
77
115
M-S
97
No Hud Co Ry 6s 1914 J-J
Con M 5s 1928
J-J
100
Ext
5s
1924
M-N
107
1914 opt
A-0
mm mm
100"i2
100
18
Tennessee Ry LAP
*
com.
20
69
Preferred
73
14
Preferred
10
70
•Toledo Rys A Light
Trent P A H 5s 1943...
72l2
2l2
90
<m
m
IOO"
•Per share.« Ex
k
(h.
•ales, if
anv.
a
^
u-bsidlaries.
And accrued
^
%
Ex-div.
will be found
on
y
a
*2214 22i2
275
290
135
165
c
120
88
United Cigar Mfra com 100
41
80
...100
United Cigar Stores com.100
90
78
79
14
16
Industrlal&Miscellaneou
43
45
•
80
32
75
100
107
115
Weyman-Bruton Co.-.lOO
e Preferred
...-100
200
300
109
120
100
140
80
Young (J S) Co
Alliance
Realty
80
50
*45
Preferred
50 *z50
American Book........100
165
American Brass.100
133
90
7
9
50
60
American Chicle com... 100
190
...100
95
Preferred
~ai
102
mrnrnm
mrnrnmfr
•
100
com..100
American Express
J-J
90
100
25
35
60
68
American Hard ware... .100
18
20
Amer Malting 6s
94
96
Amer Press Assoc'n
dividend.
—
Ex-rlghtS.
b Basis.
t
pace.
M-N
* Listed
Includes all
new
on
Am Graphophone
100
Preferred
1914..J-D
100-
10
35
100
101
130
100
100
com 100
...100
98
Royal Bak Powd com...100
180
100
....
stock dividends
...
and
.
110
38
'98
39
99 If
991a
185
10212 104
eRumely (M) Co com—See Stk El list
Safety Car Heat A Lt.
110
lOO 108
Sears,RoebuckACo—SeeN Y Stk E X list
Preferred—See Chic Stk
Ex
Singer Mfg Co
100
Standard Coupler com.. 100
Preferred
.100
Stern
Bros pref
lis t.
296
299
35
40
105
111
100
70
74
Sulzberger A Sons Co pf.100
90
95
Texas A Pacific
90
95
e
Coal
100
Texas Pacific Land Tr.100
Preferred
90
e
Stk
7
50
100
new
95
E x list
4
55
Directory.100
.....100
....100
United Dry Goods.... 100
e Preferred
'
100
U 8
Casualty
U S
Envelope
89
"9618
190
...100
com
100
mm
mm
mm
100
...
50
....
97
200
'
Preferred
.100
U 8 Express..
....100
U S Finishing.......
100
112
1031f
55
3
Preferred
138
77
110
47*2
52
199
98
16212 170
80
127
9934 101
120
35
40
80
90
60
68
28
35
19
g
• Preferred
100
U 8 Steel Corporation—
Col a I Apr 5s 1951 op 1911
Col
s
e
e
113
A
A Mtge Guar
Bronx
115
113
100
115
mm
Virginia Iron C A C...100
Wells Fargo & Co
100
Westchester
mm
82
38
48
110
118
Title
165
100
Westingh'se Air Brake. 50 *124
56
Willys-Overland com
100
e
•
Preferred
22
78l2 100
f Apr 5s 1951 not opt
U S Tit Gu A Indem
50
....
J-J
5s 1929
J-J
US Indus Alcohol....100
Con
•
175
...
100
100
Worthlngton(HR)Co pf.100
Stock Exchange but usually
iEx-300% stock dividend.
98
8
32
100
Preferred
.
1H«
1st g 5s 1919
128
J-D / 76
.—100 105
Col trg 4s 1947
90
9314
.....100
s
Adams Express——100
1st mtge 5s 1919
J-D
Union Ferry stock......100
Ferry
♦35
Whitney pref
1st preferred.!
2d preferred..
170
Preferred
•
Amer Bank Note com
N Y A N J 5s 1946
10th A 23d Sts
*11.
Realty Assoc (Bklyn)
44
101*2
81
97
90
50
.
29
78
...100
Preferred
United Copper
Preferred
255
N Y A Hob 5s May '46..J-D
Hob Fy 1st 5s 1940..M-N
15
..100
Pittsburgh Steel pre!..100
Pope Mfg Co com..,
100
Trow
85
2lj
2
•
200
Preferred
82
50
230
«
5
!
70
Preferred
Pratt A
100
*4
94
Pittsburgh Brewing...
190
•
40lf
190
67
preferred
200
82
BAN Y 1st6s 1911
J-J
N Y A E R Ferry stock.. 100
1st 5s 1922
M-N
1st
Tob.100
12
20
5
25
185
90
TonopahMtn(Nev) -SeePhlla
100
29
135
Trenton Potteries com.. 100
240
40l2
104
155
Pettibone-Mulllken Co 100
e
l*i
100
100
116
Preferred
*39'4
102
100
180
100
50
70
98
—100
Preferred
165
...
Reynolds (R J),Tobacco. 100
Ferry Companies
preceding
Ontario Silver
Otis Elevator com.
•
100
Preferred
Tobacco Products com.. 100
95"
60
*1%
10
100
•
8/jnh
1st'5s 1920
«
60
43
99
90
6s 1931..J-D
con
2d 6s
50
85
mm mm mm
Pat Ry
90
86
90
195
95
MacAndrews A Forbes. .100
*11
202
76
Porto-Rlcan-Amer
95
mmmm
98
*92
81
197
185
100
Johnson Tin FoilAMetal 100
lat A ref g os 1941 op. J-D
103
75*2
92"
120
Western Power com.... 100
Preferred
100
Western States Gas A El-
234
100
0
86
—100
Helme (Geo W) com..100
—•
United Electric of N J... 100
1st g 4s 1949
....J-D
United Gas A Elec Corp. 100
Preferred
100
mm
230
Tobac_£l
Conley Foil
80
4212
Preferred
74
J-D
1st 5s 1933
Fdy„ 100
150
100
mm mm
New'k Pass Ry 5s '30.J-J
Rapid Tran St Ry_.._100
Amer Machine A
140
100
Preferred
mm'm
x
E com
~
102*2
♦
1550
Pat A Pas Gas A Elec...100
St Joseph Gas 5s 1937...J-J
Standard Gas A El (Del) 50
78
64
Stk E
No Jer St 1st 4s 1948 M-N
Cons Tract ofN J
-
66
•N Y State Rys com
..100
•Nor Ohio Tr & Lt com. 100
Pub Serv
104
■
.100
—_
Narragan (Prov) El Co. 50
Newark Gas 6s Apr '44.Q-J
Newark Consol Gas
100
No Hud L H A P 5s 1938A-0
92
89*4
J-J -103
89
...........100
110
80
Y Transportation;..^.20
Niles-Bem-Pond com
100
e
British-American
.
32
128
109
—
100 1450
Cigar com—.—100
125
109
N
Tobacco Stocks
Preferred
Jackson Gas 5s g 1937..A-O
•Laclede Gas preferred.. 100
Madison Gas 6s 1926..A-O
29
76
GaS
r
51l|
100
New York Dock com..100
• Preferred
...100
Ohio Copper Co
»
4
49
100
Co
81|
3
100
N Y Mtge A
Security...100
N Y Title Ins
70
Vacuum Oil
124
69
•
275
96
Gr't West Pow 5s 1946.. J-J
Hudson County Gas....100
56
100
.100
RemingtonTypewtT
83
011T
98
712
...A-O /
Manhattan Shirt
141
104
66.
•
349
93
85
110
119
Producers Oil
Standard Oil subsidiaries— *670
Standard OH of N Y
100
140
Elizabeth Gas Lt Co
1O0
Essex A Hudson Gas..__ 100
Gas A El Bergen Co
100
76
Loulsv St 5s 1930
285
40
117
Preferred
;
....100
Manhattan Transit..——20
Mortgage Bond Co
100
0 National
Surety
100
410
"95"
Preferred
3*1
100
89
....
74
95
66
•
185
155
102
103
Preferred '
303
208
.....J-J
2
35
100
com
105
242 '
145
92
•
297
-100
98
Other Cities.
Buff St Ry 1st con 5a '31
Com'w'lth Pow Ry & L.
39
325
93
99
...25 *128i2 130
10i«
Consumers Power (Mlnn)lst A ref 5s *29 opt '14M-N
Denver G A El 5s 1949.M-N
N Wmsburgh & Flatbush—
37t2
315
15
100
—
72
100
1938
25 *
100
101l|
100
146
Sou West Pa Pipe Lines. 100
Consumers' L H A Pow—
83
97
Transit Co
New York Transit Co
100 hl75
Southern Pipe Line Co..100 235
H
Con Gas of N J 5s 1936.. J-J
100
185
123
South Penn Oil......—100 1204
Rights.....
*
50
Columbia Gas A Elec
180
5
........100
Buffalo City Gas stock.. 100
Cities Service Co com... 100
Preferred
100
154
Galena-Signal Oil com--100
Prairie Oil A Gas
Solar Refining
365
106
.100
com.
360
Ohio Oil Co
..100
Preferred
75
355
National
77
*44
Amer Power A Lt
65
100
Northern Pipe Line Co.-100
50
102
98
101
10218
50
Preferred
Bay State Gas
100
,
80
40
100
Standard G L 1st 5s '30 M-N
98
62
Preferred
142
..—100
Indiana Pipe Line Co
50 *119
60
70
25
Inger8oll-Rand
Lawyers' Mtge Co
..100
Lehigh Val Coal Sales...50
100
205
7
Internat Smelt A Refg._100
Lanston Monotype
100
570
80
100
98
80
149
1021*
145
76
102
Oil
650
Continental Oil
1—100 1200
Crescent Pipe Line Co
•58
50
100
J-J
/
Brooklyn City RR.....
Bklyn Hgts 1st 5s 1941.
Coney Isl & Bklyn......
Colonial
99
100
• NY Mutual Gas
L....100
N Y A Q El L A Pow Co.100
'
Preferred
100
N Y A Richmond Gas___100
8912 100
99
158
111
S
100
International Silver pref-100
1st 6s 1948
J-D
300
Kings Co El L A p Co. 100
New Amsterdam Gas—
1st consol 5s 1948
J-J
N Y A E R Gas 1st 6s *44 J-J
North'n Un 1st 5s 1927.M-N
Brooklyn
270
50 *153
10
63
J-J
1st g 5s 1951
19
'..100
Buckeye Pipe Line Co
5
5
M-N
International Salt
598
102
90
Twenty-thlrd St stock._1(
♦18*2
593
2
60
'
Intercontln Rub com...100
Internat Banking Co....100
International Nickel
100
share
Per
£1
93
Val products.. 100
1st g 5s 1961...'
7712
100
100
/
28 & 29th Sts 5s '96 ctfa A-
Oil
Atlantic Refining
Borne-Scrymser Co
J-J
Consol 5a
150
Anglo-American
55
99
100
—
Preferred
"75*2
50
97l2
96
M-S
-
1st 6s Nov 1930
85
West Pac 1st 5s 1933..M-S
Standard Oil Stocks
V t'
e
100l2
220
Consol 6s 1948 ctfs_.
•Sixth Avenue stock
827g
33
80
Electric, Gas & Power Coa
New York City
Cent Un Gas 5s 1927
8214
Railroad Securities Co—
111 C stk tr ctfs Ser A
82
Hoboken Land A Improve't
Hocking
62
e
..100
1st 6s 1922..—
31
90
Pitts Beas A Lake Erie...50
Preferred
50
*28
89
4s 1951
J-D
West Penn TrAWatPow 100
Preferred
.100
105
Preferred
Herrlng-Hall-Marvln
102" 104*
3U4
100
89
102
13
37
Hackensack Water Co—-
•
100
87
185
100
Preferred
100
170
c
Com vot tr ctfs
Preferred
33
90
64
—
102
1st
66
65
e
881|
Hecker-Jones-JeweU Milling
31
51*2
127
81
Havana Tobacco Co
100
Preferred
100
1st g 5s June 1 1922.. J-D
140
65*2
2
124
100
~26'
e
25
55
13l|
85
100
_
Preferred,
130
2d preferred
13
84i2
*184
100
Emerson-Bran tl ngham.
10
2d preferred........ 100
83
100
97
30
46
78
Ref g 4s '62 op 1912...J-J
Hale A Kllburn com... 100
1st preferred
.—..100
2d preferred
—.100
I6I4
50
40
10
k
115
•
45
100
Preferred
70
'
:_100
com
9914
130
•
9
Crucible Steel
« Preferred
99
Wash Ry A El Co
9914 100
.
72
20
94
• NY Chic A St L com..100
• 1st preferred
100
United Rys of St Lr—
Broadway Surface RR—
Cent
69
16
60
100
99
100
67
76
100
Rubber Tire
97
Chic St P M A Om
Asi
65
74
80
Empire Steel A Iron com 100
Preferred
100
e General
Chemical com. 100
70
e Preferred
.....100
Colo A South com
100
«1st preferred.......100
"f."
Bid
...
1
2d mtge 5s 1914
Railways—(Con )
United Lt A Rys com...100
1st preferred
100
2d preferred
100
City
Bleeck St A Ful Fy stk—1
1st mtge 4a 1950
•
Ask
97
72
•
70
8
50*
40
100
9834
9712
.—.100
80
93
•
$176,900
marked
82
100
Davis-Daly Copper Co
duPont(EI) de Nem Pow
4.90
•
bond
80
100
4.90
•
All
80
comlOO
Preferred
6934 IOOI4
6% notes Oct'17— See N Y Stk E x list
Preferred
2d preferred
95
75
.100
preferred
90
Debenture 4s 1951...A-O
Continental Can com
100
Preferred
100
4.90
mmmrnm
40
100
.100
com.
Consol
93
mm^rnm
35
Preferred
Consol Car Heating
9958
996s
99
100
Cluett.PeabodyA Co
99
_
1st
•
99
c
Preferred ;
Claflln (H B) Co
c
100
93
NYC Lines Eq 5s 1913-22 b 5.60
com
•
98
Railroad
Chic A Alton com..... 100
2*1
90
90
•
*2l8
50
99
Southern Ry 5s 1916— F-A
West Maryland 5s 1915.J-J
Westingh'se El A M 6s 1913
Inactive and Unlisted Securities
115
105
Brown Shoe
96
opt...M-S
Seaboard Air L Ry5sT6 M-S
South Pac Co 5s J'ne 15 1914
114
103
com
43
97
N Y N H A Hartf 6s '13.J-D
St L A S F 5s 1913
opt. J-D
6s Sept 1 1914
HOLI DAY
5,957
4,196
5,688
4,067
1,613
295
80
Michigan Central 4i2s_ 1914
,
130
285
9912
4>iJs Jan 1914-1925.._J-J b 5.60
4^s Jan 1914-1927—.J-J b 5.60
N Y Cent 4^a 1914
99
M-S
4i2s 1915.
M-N
97i2
5s Apr 21 1914
A-021
99i8
Sales.
122
100
Preferred
Minn A St L g 6s 1914..F-A
Mo Kan A Tex 5s 1915.M-N
Missouri Pacific 6s 1914. J-D
Bond
Shares.
81
"_50
100
98
—
Unlisted
79
..50
100
94
•
Listed
6,987
6,595
6,305
4,907
96
A-015
'15. F-A
"8
10
70
.100
97
92
K C Ry A Lt 6s
1912..M-S /
Lake Sh A Mich So
4i2s_T4
Philadelphia.
.....
94i2
96
Inter Harvester
$430,966,500
Shares.
Saturday
Monday.
Tuesday
Wednesday
Thursday
Friday......
94
Cent 4Hs 1914.
J-J
Int A Gt Nor 6s
1914..F-A
6s
com
Borden's Cond Milk
HI
$988,000
14,080,500
415,898,000
100
1
Preferred
100
British Col Copper Co..
9814
97
1913
97
100
100
com
Preferred)
OQlo
98
15
M-N
100
Bliss (E W) Co
QH7o
«70«g
98
Oct
97
Preferred
9784
_
_J-J
95
6s
45
94
Bond A Mtge Guar
Gen'l Motors 6s 'lb—See NY Stko-x
Hudson Companies—
BOSTON AND PHILADELPHIA
Boston.
95
Coll 5s Oct 1 1914
A-O
Coll 5s April 1 1915..A-O
11.
73,170,324
$6,616,732,675
$339,700
$294,905,200
Week ending
.
Balto A Ohio 5s 1914
$26,000
July
$559,500
17,617,200
270,728,500
91
Bklyn Rap Tr 5s 1918...J-J
Ches A Ohio 4^s 1914.. J-D
ChicElev Rys 5s 1914
J-J
Erie 6s April 8
1914..A-08
1912.
$4,276,945,625
$8,100
$26,000
bonds
DAILY
to
47.488,694
■
Government bonds
Total
1
1913.
750,500
1,000
io*.656
660,500
Jan.
Barney A Smith Car
75
5
42
100
Deb g 6s 1939
Amer Writing Paper
68
$157666
Short-Term Notes
Amal Copper 5s 1915..L.
69
193
>_
pref.—.5
Preferred
_
120
80
5368,000
191,000
92,000
180,500
$1,492,000'
$5,738,000
Week ending July 11.
Stocks—No. sharps...
State
64
88
Stock
Exchange.
•
-
89
Bonds.
HOLI DAY
Monday
Par
u. s.
Bonds.
-
63
Saturday
New
State
Bonds.
Par Value.
American Thread
Amer Typefounders com.100
115*4
75*2
Railroad,
Week ending
July
72
50
100
190
50
00
:
Ask
96
64
F-A
40
YEARLY.
Bla
Am
106
100
STOCK EXCHANGE
xcvii.
Indust and Miscell—(Con)
Steel Fdy 6s 1935.A-0
66
551S
102
TRANSACTIONS AT THE NEW YORK
DAILY,
[Vol.
86
125
62
92
75
inactive.
/Flat price.
n Nominal
Sale price.
t New stook#
subscriptions.
« Listed on Stock Exchange but Infrequently dealt In; record
*
1
JULY 12
lit
CHRONICLE
THE
1913-1
ami ^ilailraati Intelligence.
inuestmeixt
EARNINGS.
GROSS
RAILROAD
following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
stat ment to show the fiscal year totals of those roads whose fis?al year does not begin with July, but covers some other
peri d.
The returns of the electric railways are brought together separately on a subsequent pag*.
<
The
Latest Oross
ROADS,
Week
Current
Previous
Current
Previous
Year.
or
Year.
Year.
Year
Month.
61,000 3,744,218
23,000 1,803,558
17,000 2.071,205
Vicks Shrev& Pac 2d wk June
54,503 2.284,194
Ann Arbor
54,457
4th wkJune
9.368.397 9,213.695 108275822
Atch Top 8c 8 Fe
May
244,440 3,010,462
247,113
Atlanta Birm k Atl May
2,924,071 2,901,883 33,513,818
Atlantic Coast Line May
150,955 1,763,324
137.506
Chariest & W Car May
110,311
1,127,977
103,799
Lou Hend & St L May
8,967.456 8,252,995 92,540,705
q Baltimore & Ohio May—
127,139 1,644,330
163,366
B&OChTerRR May
242,718 2,982,765
300.279
Bangor & Aroostook May
997,387 1,023,744 7,953,894
Bessem & Lake Erie May.,
81,888
1,043,265
122,401
Birmingham South- April
3,973,644 3,859,051 44,464,852
Boston & Maine
May
215,786
181,924
181,924
Buff Roch & Pittsb- 1st wk July
162,400 2,472,359
200,225
Buffalo &
Susq.j— June
391,900
432,700
432,700
Canadian Northern 1st wk July
1st wk July 2,700.000 2,571,000 2.700,000
Canadian Pacific
226,100 13,387.780
201,300
Central of Georgia- 2d wk June
2.518,184 1,870,028 29,265,269
Cent of New Jersey May
252.194 3,411,644
306,863
Cent New England- May
347.195 3,466,021
352,076
Central Vermont
April
927,261 35,038.533
Ches & Ohio Lines. 4th wkJune 1,002,015
329,051 15,271,614
335,031
4th wkJune
Chicago & Alton
7.081,599 6,726,131 79.583.138
Cl ic Burl & Qulncy April
259,464 13,963,205
299.985
4th wkJune
p Chic Great West114,922
118,106
118,106
Chic Ind & Louisv. 1st wk July
7.338,031 6,365,517 86.452.139
Chic Milw k St P.
May.
67,000
29,000
24.000
Vicksburg. 2d wk June
...
tChic St Paul M AO M ay
Chic Terre H & 8 E M ay
153,001
839,074
120,386
241,510
19,816
32,706
447,127
1st wk July
May..——
b Colorado & South
Cornwall
Cornwall &
Leban- May.....
Cuba Railroad
May
Delaware & Hudson May
Del Lack & West.. May
Denv k Rio Grande 1st wk July
Western Pacific.. June.
Denver k Salt Lake 2d wk June
Detroit Tol k Iront May
4 th wkJune
ul & Iron Range..
Betroit k Mackinac
May
Dul Sou Shore & Atl 4 th wkJune
Elgin Joliet k East. May
El Paso& 8ou West May.....
Erie
;
May
Fonda Johns & Glov May
...
Florida East Coast- M ay
Georgia
215,786
2,294,961
391,900
2,571,000
13,400,080
26,700,935
...
Railroad.. May
96,629
784,394
138,936
218,546
17,976
25,693
34,289,870
14,535,722
73,188,167
12,795,242
114,922
72,455,705
May
May
Pennsylvania RR
Bait Ches & Atl. May
Cumberland Vail May
May
Long Island
Maryl'd Del k Va May
N Y Phila k Norf May
Pacific Coast Co
Pitts C C & St L. May
Vandalia
May
49,722,757
125,497 7,190,131 6,465,977
153,995
46.258 2,404,076 2,192,601
53,789
48,596 2,351,072 2,075,390
50,538
Canada Atlantic- 3d wk June
6,933,575 5,830,534 78,790,465 66,160,622
Great North Syst.. June
172,490 1,929,817 1,827.736
189,676
Gulf k Ship Island
May..
652,816 7,094,143 6,637,452
755.451
May
Hocking Valley
5,276,389 5,263,769 64,712,588 59,220,650
June
Illinois Central.
251,950 II,248,011 10,358.769
239,000
Internat & Grt Nor 4th wkJune
285,640 9,061,926 8,963,155
268,674
4 th wkJune
a Interoceanic Mex
295,959 3,006,457 2,848,322
332,579
Kanawha k Mich.. May
764.530 9,852,329 8,505,736
901,363
May
Kansas City South
3.795,218 2,300,710 39,299,894 33,256.743
May
Lehigh Valley
1,554,412 1,363,216
148,842
149,366
Louisiana & Arkan. May
4th wkJune 1,334,475 1,261,034 59,467,771 50,211,783
s Louisv & Nashv.
155,821
146,933
11,571
9,978
Macon k Birm'ham May
854,702 10,388,414 9,729,722
938,984
May
MaineCentral
408,624
465,628
38,926
43,374
Maryland & Penna. May
.177,500 8,760,200 8,264,600
190,600
a M exican Railways 3d wk June
767,438
840.507
24,760
19,388
4th wkJune
Mineral Range
165.965
172,615
165,965
172,615
1st wk July
Minn & St Louis.
_
...
StP&SSM\
4th wkJune
u
x
•
Mo Kan & Texas. 1st wk July
1st wk July
Missouri Pacific.
_
Nashv Chatt k St L May
Nat Rys of Mex._ 4th wkJune
Nevada-Cal-Oregon 4thwk June
a
N O Mobile & Chic. May
New Orl Grt North. May
«N V C k Hud Riv. May
Lake Shore & M S May..
n
Lake Erie& W_ May
Chic Ind & South May..
Michigan Central May
Cleve C O & St L May
Peoria & Eastern May
Cincinnati
North May......
Pitts & Lake Erie May....
.
N Y Chic & St L.
Tol k Ohio Cent.
Tot all lines above
KYNH&Hartf..
May......
May
May....i*
May..
637,329
May
Marquette
Reading Co— *
Phila & Reading. May
Coal k Iron Co_. May
San Ped L A & S L.
4,369,543 3,224,803 47,524,483 41,517,114
3,294,073| 755,243 38,489,447 32,580,797
7,663,616 3,980,046 86,013,930 74,097,911
May
GO
07U *171
2,335,860
2,709,393
278,271
,281,418
May
831,589
948,433
79,731
69,833
April _!
661,785
511,399
14,512
16,588
4th wkJune
5,370,192 4,899,145 64,989,001 58,635,934
May
3,156,269
3,383.525
302,292
327,299
May
1,438,314
1,432,041
121,200
123,064
May
2,784,859 2,549.935 31,656,656 27,770,275
May
1,665,814
1,884,387
148,071
190,711
Aprils..
3,499,773 2,949,471 38,636.406 35,329,580
April
968,9641 13,571,005 12,973,502
1,203,922
April
4,703.695 3,918,434 52,207,411 48,303,081
April
277,000 13,265,900 12,042,355
278.000
4th wkJune
9,296,92 28,233,388
834,189
860,324
May
Seaboard Air Line.
4th wkJune
Total both cos
Rich Fred & Potom
Rio Grande June
Rio Grande South.
733,010
448.988
Rutland
St L Iron Mtn & So
St L Rocky Mt
Current
Year.
Previous
Total all lines
St Louis Southwest.
week
April (40 roads)
4th week April (40 roads)
1st week May (38 roads).—.
14,098,561
18,903,550
4th week May (40 roads)
1st week June (42 roads)....
2d
week June (41 roads)
3d
week June (39 roads)
13,500,986
14,069,124
13,655,723
20,223,520
14,155,295
14,167,762
14,191,787
4th week June (39 roads)...
18,519,740i
2d
3d
week May
week May
(40 roads)
(37 roads)
.
11,266 <817
Majr
Southern Pacific
_
Toledo St L & West
Union Pacific Syst.
V irginian
W abash
242649254
Decrease.
Year.
Wrightsv & Tennille
Yazoo & Miss Vail.
—
6,914,635
613,812
595.340
7,066,251
291,473
19,145
746,363 10,999,404
Current
Year.
Period.
Various Fiscal Years.
x
Includes St. Louis Iron Mountain
k
Year.
7,833,718
31 45,899,678 41,346,400
31 24,206,461 20,602,321
May
May
to. May
to
May
to
May
to
May"
to
May
to
May
to
May
to
May
to
May
to
May
Jan
Jan
•
Jan
Peoria & Eastern
Cincinnati Northern.
Jan
Jan
Jan
Pittsburgh & Lake Erie..... Jan
New York Chicago k St Louis Jan
Jan
Toledo & Ohio Central
'
9,737,969
31
to
Cleve Cin Chic k St Louis
31
31
31
31
Pennsylvania Railroad
Jan
to
Jan
to
May
May
May
May
May
May
May
May
May
May
May
to
to
Northern Central
Jan
to
Philadelphia Bait k Wash
Jan
to
West Jersey & Seashore..... Jan
Jan
Pennsylvania Company
to
Jan
to
Pitts Cincin Chic & St Louis. Jan
Jan.
Vsind&lisii
^ «
Total lines—East Pitts&Erie Jan
to
—West Pitts<fc Erie Jan
—All lines E & W. Jan
492,095
8,213,582
31
May 31
to
12,160,584
1,239,708
516,577
6,464,046
5,030,900 4,693.815
1,915,499
2,126,903
31 13,074,932
31
1,353,354
to
Maryland Delaw & Virginia— Jan
N Y Philadelphia & Norfolk- Jan
2,206,514
1,710,600
31 14,689,417 12,620,115
Jan
Baltimore Chesap k AtlanticJan
Cumberland Valley
....
Jan
Long Island
2,361,211
1,856,892
31
Total all lines
119305425
105486185
31 73,693,485 67,847,929
86.988
31
101,799
31
31
31
1,464,632
4.082,276
47,427
1,517,772
1,251.992
3.815.752
37,659!
to
to
.
to
...
Grand
•
Rapids & Indiana.
■
Rib Grande Junction.....
to
31
31
5.393,907
8.542,957
31
2.075.971
31
31 24,967.871
31
2,127,640
May 31 17.516,135
4.391,169
May 31
1,338.034*
4,933,119
7.747,234
2,080.703
21.587.428
2,076,413
16,690,353
3,979,300;
May 31 102346161 94.080.897
May 31 49,620.683 44,889,260'
to
May 31 151966844 13897010*
347,223*
376,398
to "Apr. "30
1,313,384!
to
May 31 1,388,290
to
•
Dec
Rutland
Jan
Current
Monthly
%
Mileaoe.
Cur. Yr. Prcv. Yr.
5.20
September
237,217
November—237,376
December —238.072
January ...235,607
4.49
6.24
3.84
237,591
October
+1,084,596
5.07
February...240,986
+579.224
+267,384
+321,534
+475.570
4.27
March
240,510
1.93
2.35
April
240,740
May
88,816
2,64
June
90.012
Previous
Incr ease or
Year.
Summaries
4.68
• r- —
■.
to
Jan
—
696,427
Southerna
Previous
Jan
Chicago Indiana & Southern
Michigan Central
Year.
Decrease.
.
--
-
* -
"
"
%
,
+19,891,032
235,140 272,209,629 252,318,597
258,473.408
244.461,845
234,087,361
208,535,060
218,336.929
237,295 249.230.551 238,634.712
236,515 245.170,143 220,981,373
86,735 75,041,869 68.027,250
293,738.091
276,430,016
263,768.603
246,663,737
237,756 232,726,241
233,545
233,305
234,146
232,179
87,715
Mexican currency,
jreceipts.
6,791,785
332,613
9,636,863
Jan
73,194,701
68,119.766)
"
*
+35,264.683
+31,968,171
+29,681,242
+38,128,677
+ 14,389,312
+ 10,595,839
+24,188.770
+7,014.619
+5,074.935)
from Nov. 1 1911. e Includes the Be. .
latter of which, being a Canadian
villa & Indiana RR. a In-]
City k Ft. Dodge ana
International, u Include*]
but also
~
"
**"*
-
b Does not include earnings of Colorado SpringsSc Cripple Creek District Railway
In k Albany, the New York k Ottawa, the St. Lawrence k Adirondack and the Ottawa k New York Railway,
the
road, does not make returns to the Inter-State Commerce Commission.
/Includes EvansvUle k Terre Haute and Evans
eludes the Cleveland Lorain k Wheeling Ry. in both years,
n Includes the Northern Ohio RR.
p Includes earnings of Mason
Wisconsin Minnesota k Pacific,
s Includes Louisville k Atlantic and the Frankfort k Cincinnati,
t Includes the Mexican
the Texas Central in both years and the Wichita Falls Lines in 1912, beginning Nor. 1.
» Includes not only operating revenues,
a
6.630,244
S
Hudson
N Y Central & Hudson Riyer.e
Lake Shore & Michigan South
Lake Erie & Western.n
Delaware &
+814.525
+579,703
+826,152
+ 504,541
+
1,481,796 68,433,115 63,590,329
307,070 12.338,695 11,207,732
9,756,266
254,038 10,451,388
4,775,890
5,221,362
127,665
2,447,519
2,559,784
55,072
4,424,880
391,317 4,882,556
110,603
133,910
3,010
1,399,510
1,265,262
130,814
261,743
247,893
261,743
89,504
97,653
9,716
1,276,598
1,382,161
33,442
3,865,227
75,577 4,320,385
6,974,180 86,074,697 79,071,681
1,604,769
1,660,817
157,807
486,625 5,672,862 4,516,765
2,401,377 31,772,511 28,354,764
EARNINGS—Weekly and Monthly.
$•
13,402.134
18,059,025
12,921,283
13,242,972
13,151,182
19,138,924
13,576,071
13,900,378
13,870,253
18,044,1701
...
Western Maryland.
Wheel & Lake Erie
387.082
1,826,881
1,489,825
59,105,855
147,245
59,067
448,813
2,644
141,915
247,893
10,545
50,000
4th wkJune
4 th wkJune
102,247
7,270,481
May
165,344
May.
522,218
May
June
2,601,752
636,921
May
741,148
May
18,201
May
June.
799,202
Ala Great South. 4thwk June
Georgia So k Fla. 4th wkJune
Spok Port & Seatt.. May
Tenn Ala & Georgia 4thwk June
Tennessee Central. April
1st wk July
Texas & Pacific.
Tidewater & West- May
Virginia & So West.
448,442 24,444,278 22.921.904
491,329
11784 139 11032 945 131130 169 120984 339
;
4 th wkJune 1,524,727
Southern Railway.
326,727
Mobile & Ohio— 4th wkJune
262,628
Cin N O & Tex P. 4thwk June
61,447,791
96,506,168
46,228,274
5,103,166
3,660,364
28,725.191
28.166.613,
2,893.714
1,224,571
14,835,310
10,560.018
4,745,873
*->01
Increase or
%
8d
& P
/ Chic & East 111.
913,000
AGGREGATES OF GROSS
Weekly Summaries.
_
Rock Island Lines..
676,930 32,181,312 26,684,241
870,754
67,925
80,514
511,092
448,988
511,092
969,000
913,000
969,000
1,137,435 1,104.950 12,248,980
970,378 1.362,158 57,107.528
405,382
14,724
12,297
203,080 2,323,978
211,679
145,515 1,639,528
176,217
10025721 8,686,434 105143973
5,040.440 4,144,900 53,444,154
436,054 5,547,278
506,953
299,914 4,066,918
390,241
2,984,922 2,521,346 32,363,776
2,920,459 2,424,607 31,094,354
235.749 3,276,772
291,941
1,293,985
93,779
127,592
1,885,234 1,491,288 18,305,263
957,212 11,529,864
986.807
425,478 5.070.866
558.191
25718501 21716761 271147305
5,740,206 5,482.402 63,197,752
1,415,752 1,349,723 16,096,987 15,328,450
Pere
Iowa Central... I
Chicago Division J
10122299 234758779 203043803
103365793
316409594
22241348
May..
11734001 9,747,898 118040742
West Pitts k E__ May
352799522
All East &West May...... 33975349 29870197
Toledo Poor & West
124,154
4th wkJune 1,623,828 1.552.647 55,873,185
Mississippi Central. April...
Lines..
East Pitts & E_._
St Louis & San Fran
Grand Trk West. 3d wk June
Det Gr Hav & M 3d wk June
15603928 14076824 166270967 150009660
255,279
291,633
26,890
28,961
2,752,037
270,266 3,221,687
293,261
9,650,109
932,466 10,350,865
1,005,975
122,914
140,061
11,125
11,221
3,066,043
327,843 3,387,817
356,455
926,792 12,228,020 11,471,184
1,175,394
1,851.228 1,666,590 19,320,401 17,542,140
5,741,045
500,618 5,780,391
505,191
6,228,829 5,115,684 60,418,573 50,997.221
5,067,192 4.762,917
415,152
446,390
3,985,010 3,359,464 40,861,836 37,188,672
742,887 10,320,170 9.179,699
929,146
W Jersey & Seash May
May
Pennsylvania Co
Grand Rap & Ind May
Total
465,280
8,638,337 7,730,415
794,917
3,490,447
3,374,288
235,145
321,333
3,176.521
66,143 3,522,298
61,173
3,901,568 3,524,955 39,997,032 36,277,915
5,766,417 5,127,545 66,651,916 57,909,507
3,172,187
301,463 3,356,916
328,231
6,839,095
571,839 7,236,166
645,357
...
Northern Central May
Phil Bait & Wash May..
St Jos & Grans Isl'd
-
Grand Trunk
Minn
May
Pac. May_.
Nrrthwestern
218,546
179,063
278,369
3,500,435
380,854
1,908,032 1,423,508 22,046,029 18,967,634
3,569,323 2,406,372 37,125,861 32,240,688
428,700
428,700
443,700
443,700
469,284 6,173.767 2,258,533
513,000
23,247
1,094,674 1.140.520
25,297
116,378
1,535,879 1,623,852
151,098
31,182
I,239,277 1,239,394
28.141
807,264 6,068,950 5,731.203
954,589
94,069 3.415,602 3,159,892
104,538
1,208,254 1,110,312 12,201,331 9,566,207
708,013 7,966,036 6,957,656
745.777
5.410,711 4,285,537 57,290,468 51,463,264
846,602
901,881
74,291
85.682
442,452 4,732,907 4.079.521
439,415
243,128 2,895,961 3,155,761
262,801
3d wk June
•
Northern Pacifi :...
1,699,487
9,005,552
1,696.893
1,700,640
241,510
222,255
386,004
4,232,940
Year.
%
,
Norfolk & Western. May
3,397,631
1,786,722
9.140,029
Grand Trunk Pac
Syst.
N Y Ont & West— May
N Y Susq & West.. May
Norfolk Southern.. 3d wk June
3,167,020
6,797,722 6,272,414 78,884,214 69,795,190
1,304,492 1,215,364 15,806,254 14,023,890
Cin Ham & Dayton May
Colorado Midland. M ay.j
Previous
Year.
%
3,685,436
1,555,138
1,861,216
2,299,245
99,083.650
3,026,054
30,967,505
1,813,639
1,184,927
84,279,490
1.415,575
3,111,023
7,408,213
717,814
42,018,443
—
Chic Mil k PugS,
eChic & North West May...
Month.
Current
Previous
Year.
Current
Year.
or
$
Ala N O & Tex PacN O & Nor East. 2d wk June
Ala &
Week
ROADS.
July 1 to Latest Date,
Earnings.
Latest Gross
July 1 to Latest Dale
Earnings,
113
THE
CHRONICLE
[Vol.
Latest Gross Earnings by Weeks.—In the table which
follows
of
we sum
-Int., Rentals,
separately the earnings for the fourth week
table covers 39 roads and shows 2.64%
up
June.^ The
increase in the aggregate
the
over
Fourth week of June.
Louisiana & Arkansas .May
July 1 to May 31
Ac.— —Bal. of Net Earns.—
Previous
Current
Year.
Dul So Sh & Atlantic
—May
108,308
July 1 to May 31
1,158,883
week last year.
same
Current
Year.
Roads.
1912.
Increase.
96,576
*def51,356 *def58,868
1,060,447*def519,696*def316,158
28,985
301,862
31,853
282,039
*27,037
*274,231
May
14,160
147,289
12,647
136,328
*2,518
*8,607
Norfolk & Western
May
447,172
5,019,381
460,620
*882,482
Rio Grande South.
July 1 to May 31
May
19,463
211,227
St L Iron Mt & So__
May
Decrease.
——
Alabama Great Southern
Ann Arbor.
j.
Buffalo Rochester & Pittsb
147,245
54,457
335,557
700,600
3,467,000
1,002,015
335,031
299,985
155,053
262,628
344,134
576,300
28,141
104,538
59,067
Canadian Northern
Canadian Pacific
•
Chesapeake & Ohio.
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisville
.
Cine New Orl & Texas Pacific.
Colorado & Southern
Denver & Rio Grande—.
Detroit & Mackinac
_
....
.
Duluth South Shore & Atlantic
Georgia Southern & Florida—
Grand Trunk of Canada
1
Grand Trunk Western
}
5 Detroit Gr Hav &
Milwau—|
Canada
Atlantic
46
July 1 to May 31—
42,086
120,900
174,000
74,754
5,980
40,521
927,261
329,051
259,464
157,850
254,038
298,787
586,800
31,182
94,069
55,072
l
~8~, 590
10,469
3,995
Current
Year.
■
_
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway.
Tennessee Alabama & Georgia-
71,181
251,950
285,640
1,261,034
24,760
169,924
637,329
732,677
1,389,000
326,727
970,378
12,297
16,588
278,000
491,329
1,524,727
2,644
441,007
50,000
102,247
676,930
686,476
12,950
16,966
...
"5,372
17",750
307,070
1,362,158
14,724
!
14,512
277,000
448,442
1,481,796
3,010
406,165
38,442
75,577
25,509
151,497
25,357
150,242
28,547
157,976
24,787
148,253
3,500
21,000
3,662
20,402
3.097
20,587
1,774
13,824
391,780
2,427
allowing for other income received.
Express CoGross receipts from operation
Express privileges—Dr..
2,076
1,000
42,887
42,931
Net
-Net
revenue.
Operating income
485,846
July 1 to May 31——
Jan
1
to June
30—,-,
Chic Ind & Louisv
May
July 1 to May 31
24,469
249,074
2,112
9,498
645,593
6,423,305
536,016
5,967,666
190,350
1,759,600
Denver & Rio Gr.a
May 1,912,734
1,885,470
July 1 to May 31. ——22,579,875 21,352.300
Western
Pacific.b__.May
108,305
1,612,334
408,280
6,117,610
33,728
707,181
581,164
288,516
26,023
32,071
27,467
29,666
323,336
287,362
292,647
278,958
—2,199
35,973
950
650
7,750
13,689
6,900
_
Total
Tota,l operating
Ne^opefating
def28.687
def7,746
.
def2,190
135,736
5,667,710
2,504,045
1,725,892
July 1. to May 31——71,856,890 60,330,088 30,435,491 26,543,951
Louisv & Arkan.a....-May
149,366
July 1 to May 31—1,554,412
148,842
'
52,804
J,363,216
-
540,308
14,298
129,258
3,524,955
1,279,703
.39,997,032 36,277,915 13,974,902
"68,637
705,241
May
645,357
July 1 to May 31—— 7,236,166
571,839
6,839,095
88,275
1,094,594
60,412
608,086
41,338
468,805
25,977
210,091
Lines.b—May 5,370,192,
4,899,145
July 1 to May 31—— .64,989,001
58,635.934
St L Iron Mt & So.a.^-May 2,784,859
July 1 to May 31
31,656,656
Total
1.326,296
1,278,453
16,722,926 15,141,017
2,549,935
27,770,275
910.395
913,813
9,630.684
8,185,652
639,850
6,264,812
475,886
Southern Railway—
Fla.b—May
May
197,638
2,372,464
1,365,930
16,875.250
5,375,306
191,765
2,266,262
19,094
480,704
27,766
509,119
419
3,764,556
1,225,715
79,843
15,875,316
3,275,863
2,307,286
July 1 to May 31—29,170.789 25,953.387
502,585
77.413
6,626,108
4,938,692
July 1 to May 31—
Wabassh.b———-.^.May 2,612,672
INDUSTRIAL
COMPANIES.
Earnings-
Current
Previous
-—-Net EarningsCurrent
Previous
Year.
Year.
Year.
Companies.
Keystone Telephone, a. June
1 to June 30.
Lighting.June
1 to June 30
Year.
105,599
626,172
101,111
597.191
54,056
309,473
50,144
298.495
10,696
9,039
58,282
6,597
41,587
5,436
34,226
116,857
1,478,223
93,222
875,091
56,412
814,124
66.557
Utah Power & Light.a.June
144,070
July 1 to June 30
1,543,212
.
Net earnings here given are after
deducting taxes,
b Net- earnings heer
given are before deducting taxes
a
-Int.,
157,201
S
71,538
•38,880
32,312
43,512
Net operating revenue.
197,701
—July
1 to Feb. 28—
1912-13.
1911-12.
906,925
481,631
744,472
387,373
32,658
425,294
38,230;
377,516
357,098
338,193
47,778
7,416
,6,155
—-
—11,200
—5,572
865
757
—12,065
-6,329
Operating income.
Rentals, Ac.
Bal. of Net Earns.Current
Previous
Current
Year.
June
.
•
18,904
Previous
Year.
Year.
Year.
$
$
$
240
1 to June 30———
1.440
Denver & Rio Gr—
May
549,215
July 1 to May 31;—— 6,137,991
;
-
•
244
1,464
1,872
8,058
2,393
6,127
488,339 cdef44,803 cdefl5,938
5,524,676 cl.412,582
C616.003
40,361
12,748
ELECTRIC RAILWAY AND TRACTION COMPANIES.
Latest Gross Earnings.
Name of
Road.
Week
Jan. 1 to latest date.
Current
Previous
Current
Year.
or
Year.
Year.
Month%
Previous
Year.
,
$
American Rys Co— May
433.589
Atlantic Shore Ry—- May-.
c Aur Elgin & Ch Ry. May
28,927
168,721
60,285
Bangor Ry & Elec Co May
Baton Rouge Elec Co May
Belt
...
12,231
March.
Line
Brock & Plym St Ry.
May
Bklyn Rap Tran Syst
Cape Breton Elec Ry
Chattainooga Ry & Lt
Cleve Painesv & East
Cleve Southw & Col.
March
Columbus
(Ga) El Co
May
May
May——
May
May
Coney Isl & Brooklyn
Dallas Electric Corp.
Detroit United Ry—
D D E B & Bat (Rec)
Duluth-Superior Trac
East St Louis & Sub.
El Paso Electric Cos.
March
May
May
May
1—
TT#fclI
Tr
March
May
May
41,364
5,501,659
143,981
493,372
147,551
6
485.578
1,055,475
370,842
447,221
905,333
312,422
397.111
751.991
102,627
80,698
510,598
382,175
51,659
1,450,215
51, 957
_r.L
2857, 074
59 ,834
116 ,371
128 016
54 ,957
16 ,204
490 669
113 ,994
79 473
131.567
463,557
239.440
87,087
56,480
338, 937
1,870,697
115,009
681,114
262.567
59.088
144,640
8,208,660
39,604
5,435,492"
409,089
135,050
435.170
214,169
2,007.485
;301,181
699,141
4,797,890
152,238
450,536
141,960
168,519
36 343
621 ,154
Jacksonville Trac Co May
Lake Shore Elec Ry. May
June..
May
1
180,546
43,372
490,119
104,745
150,065
221,179
53,353
96.050
196.824
59,838
24 644
Traction Co.. May 3
-
88,888
34,804
100.774
"
9,636,194
107,572
2d wk June
May
Illinois Traction
Interboro Rap Tran. May
r
■
123,315
37,245
108,624
48,717
545.577
112,650
184,737
252,945
51,415
105,873
120,618
720,450
289,041
62,044
157,847
202,470
March
May
Galv-Houst Elec Co. May
Grand Rapids Ry Co May
Harrisburg Railways May
Havana El Ry, L & P Wk July
L_&
Honolulu Rapid Tran
May
& Land Co
«
159.261
53,790
13,901
1 {980,626
221.798
69,037
____
42d St M &' St N Ave March
Lehigh Valley Transit
Lewis Aug & Waterv.
Long Island Electric..
Milw El Ry & Lt Co.
Milw Lt, Ht & Tr Co
398.642
25,207
59,281
51,435
1990,910 1731,156
10,279
9,759
1990.389 1888,677
29,989
28,578
_____
Houghton Co Tr Co. May
$
228,339
268.839
.i
Hudson & Manhattan March
Chapges and Surplus.
Roads.
Jan
40,500
9,889
One-twelfth of annual taxes.
Idaho
Bellefonte Central.
797,170
40,500
73,231
49,919
Commonw P,Ry& Lt. April;
-Gross
Interest
■*
4,500
Brazilian Trac, L & P May
8
<«
July 1 to May 31
Jan
994.871
1,182,167
14,389
$'
operating expenses—
'
68,582
JSeaboard Air Line.a.—May 2.076,750
1,943,126
July 1 to May 31
-22,587,206 21,198,475
Pennsylvania
1,103,776
834,936
9,850
Total operating revenues-
def30,020
def22.518
Rio Grande Southern.b May
July 1 to May 31
Jan
99,085
84,696
4,500
Gross receipts from oper
Express privileges—Dr
i;041,922
—
.
•
1,271,045
12,891,104
71,125
777,936
Western.b—May 3.901,568
Texas & Pacific.b
2,177,038
Month of February—
1912.
1911.
439,033
15,253
151.339
Range.b—May
July 1 to May 31
Ga South &
2,397,366
1,293,590
51,724
.
July 1 to May 31
$
218,949
119.863
203,006
def9,246
201,960
1,957,521
—
1912.
14,350
revenue
Western Express Co.—
Northern.b.—May 7,007,940
Rock Island
—
—
Canada Atlantic., j_.May
212,666
July 1 to May 31
2,229,614
Pacific Coast—
expenses.
6,789
1913.
.
98,918
84,567
Operating income—
Ry_.r.May .3,867,407
3,366,158
1,199,006
1,007,266
--.39,658,364 34,984,660 10,223,870 .'8,377,626
West—May
635,565
" 557,214
37,959
115,823
July 1 to May 316,794,827
6,120,186
1,113,521
1,184", 604
Det Gr H & Milw_— May
197,580 V; 177,627
\
def49,638
3,893
Norfolk &
•$
revenues.
28,223
1912.
216,866
117,948
One-twelfth of annual taxes-
Grand Trunk
Mineral
operating
'
—July 1 to March 31—
910,899
Grand Trunk
Great
—2,849V
—6,997
Northern Express Co.—
Gross receipts from operation
Express privileges—Dr.,—.
Grand Trunk of Canada—
2,054,869
1912.
$
641,556
318,220
-
Operating income.--;
407,282
4.892,041
44,566
603,255
2,280,033
1913.
4
-
279,531
2,855.270
--
$
53,347
25,880
1913.
Dul So Sh & Atlan-b—May
308,951
July 1 to May 31 —-l- 3,070,190
—
1912.
7,591
;
T 10,695
July 1 to May .31-.
98,529
-Month of March-
133,917'
1,512,133
July 1 to May 31
194,678
July 1 to Mardh 31—
2,637
448,827
4,789,249
—
126,009"
27,479
51,369
25,345
Net operating revenue
7,751
97,161
•
523,933
5,660,767
July 1 to May 31
231,882
37,203
—6,047
Total operating revenues.
Total operating expenses
Year..
16,658
170,981
7,140
36,810
9,952
Previous
Year.'
7,916
41,633
813,965
687,956
7,303
One-twelfth annual taxes.._
(
1,008,747
776,865
28,648
1913.
$
Express privileges—Dr
Earnings-
45,418
424,303
85,981
76,028
'
-MarchGlobe Express Company—
$
2,101,940
1,287,938
9,233
Gross receipts from operation
1912.
$
2,536,385
1,527,638
12,086
2,853
——
1913.
217,133
131,152
91,429
79,343
One-twelfth annual taxes.—
Current
Year.
operating
•July 1 to March 31,
$
228,608
137,178
Total operating revenues-
961,416
475,570
COMPANIES.
$
Total operating expenses
366
34,842
11,558
26,670
Earnings
Previous
After
Great Northern
,
Gross
to June 30
-March1913.
1912.
Earnings Monthly to Latest Pates.—The table
following shows the gross and net earnings of STEAM rail¬
roads and industrial companies reported this week;
'
Current
Year.
1
EXPRESS
Net
Bellefonte Central, b—June
Year.
39,601
18,519,740 18,044,170
•
Year.
June
46,201
25,000
19,657
— ———
No_.L-_-._May
Year.
c 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.
$10,000 is also deducted each month
for the refunding mortgage sinking fund.
73,441
1,364,000
,
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western
AlaTenn&
Bal. of Net Earns.—Current
Previous
Previous
$
Keystone Telephone
v
Jan 1 to June 30
*
.
Nevada-California-Oregon
Roads.
7,044,837
Companies.
Jan
1
-
*6,667 *def49,680
*6,027 *def224917
586,699
*293,840
*352,191
6,559,061 *2,947,839 *1,971,211
—Int., Rentals, Ac.
10,500
3,041
/
Total (39 roads)
Net increase (2.64%)
*747
INDUSTRIAL COMPANIES.
45,347
1,552,647
239,000
268,674
1,334,475
19,388
187,674
Minneapolis StP&SSM
Missouri Kansas & Texas
Missouri Pacific
;
Mobile & Ohio
National Railways of Mexico.
19,685
211,679
651,328
July 1 to May 31
*3,207
*882,040
5,164,621*10,265,347 *8,723,226
,
Pennsylvania Lighting.June
,
Central
;«
*27,599
*192,109
2,797
J
Minneapolis & St Louis
Iowa
Range
July 1 to May 31
19,580
3,293,000
1,623,828
Internat & Great Northern....
Interoceanic of Mexico
Louisville & Nashville
Mineral Range
127,665
54,503
293,471
579,700
Previous
Year.
Year.
Mineral
1913.
xcvii.
2,270,200
319,193
859,612
5,614,610
143,310
,
954,431
484,640
358,246
1,296,722
46,271
255,920
227,775
24.088
122,472
117,235
318,328
964.567
935.415
34,186
164,699
152,887
577,021 3,105,274 2,930,888
2752,464 14,169,427 13,888.326
52,515
274,796
250,846
107,140
498,932
466,336
112.775
774,276
656,826
49,814
239,127
210,541
14.000
,
44,901
39,639
461.401
2,485,909 2,325:541
97.041
434.399
511,566
71.391
363,328
91 A
no A
JULY 12
Latest Gross
Name
American Power &
Jan. 1 to latest date.
Earnings.
of
Week
Road.
Current
Previous
Current
Year.
Year.
Year.
Month.
Pres. F. G.
Light Co., New York.
Statement
{Financial
Previous
Year.
or
113
CHRONICLE
THE
1913.]
of
April 30
1913.)
Sykes, N. Y., June 18, wrote in substance:
Issued a report giving the financial
and its subsidiaries (V. 93, p. 169 to 173).
Since
has acquired a number of important properties and
has largely increased the scope of its operations.
A number or properties
in the Southwest has been acquired at a comparatively recent date and are
being rapidly equipped with more extensive distributing systems and new
generating stations, and a large percentage of the important properties
are being inter-connected by double circuit steel tower transmission lines.
The entire Southwestern group of properties, and also some of the prop¬
erties in Kansas and the Northwest, have been owned less than one year.
Since July 1911 we have continued to provide additional lands and water
rights, new generating plants and more extensive distributing systems with
large excess capacity, so that your company and its subsidiaries have to-day
an investment of about $4,830,000 cash which has not yet become material¬
Under date of July 5 1911 there was
Nashville Ry & Light May
N Y City Interboro.
N Y-& Long Isl Tr
_
173.675
184,147
47,374
34,376
30,214
28.864
10,918
11,929
96.564
107,248
1232,153 1215,048
March
March
NY & North Shore._ March
N Y & Queens Co
March
New York Railways. May
Northam
North Texas Elec Co
Northw Pennsylv Ry
Ocean Electric (L I).
PacjUicah Tr & Lt Co.
5,848,536
5,612,566
98.216
77.371
30,309
272,140
13,907
13.680
53,385
50,924
255,104
148,060
1,205,720
834,726
1,100,375
30.874
.....
May
May...
.....
March..:..
26.674
129,344
14.086
115,046
114,516
115.214
7.784.912
2,724,648
364.414
7.321,162
2,669,653
341,772
2,742.919
70,699
5,137
5,397
21,417
25,645
22,770
24,141
1998,245 1903.908
543,813
549,852
77,570
79,691
May
Pensacola Electric Co May
Phila Rap Trans Co. April
Port (Ore) Ry L&PCo May
Portland (Me) RR__ May
Puget Sound Tr,L&P April
689.941
669,409
25,923
24,745
Richmond Lt & RR_ March
St Joseph(Mo)Ry,Lt,
98,836 V
94,248
~£13,795
£13,943
£72,466
207.026.
London Gen Bus.. Wk June 28
Ry Co ofNYC March
RyG&ECo (111) May
United Rys of St L.¬ May
...
_
395.679
Union
1120,757
Westchester Electric. March
Western Rys & Light May
March
Railroad
Yonkers
York Railways
May
Youngstown & Ohio. April
Youngstown & South May
'
41,736
207,440
58,425
65,684
19,216
14,585
473.233
235.668
41.401
52.008
325,927
210.402
27,677
49,329
308,227
959.515
910.319
4,000.593
156.464
3,706,094
£369,280
£13,745
£365,985
£13,489
£342,656
£327,075
£57,726 £1,575.766 £1,213,010
586.831
540,976
189,306
275,795
1,950,386
1,478,606
1085,013
5,144,938 4,901,759
43,793
119,082
124,835
179,630
882,426
1,001,803
136,261
55.525
157,859
58,329
280.263
300,631
17,76
71,288
73,520
13,55
63,692
59,206
These figures are for consolidated company.
c
Electric Railway Net Earnings.—The following table
gives the returns of ELECTRIC railway gross and net
earnings reported this week:
Gross EarningsPrevious
Net Earnings
Previous
Current
Roads.
Year.
8
Jan
1 to
$
15,136
48,706
46,271
19,143
112,236
21,426
.106,690
51,957
255,920
Shore Electric. a-May
1 to May 31—
116,371
498,932
107,140
466,336
Railways.a.May 1,232,153
1,215,048
Jan
New York
'227,775
44,027
168,570
<■
43,587
172,099
428,319
1,707,918
5,848,536
5,612,566
376,690
1,972,826
Republic Ry & Light.a.May
245,342
June 1 to May 31
2,808,242
216,712
2,503,655
93,608
1,107,161
Jan
1 to May 31
——
a
$
■
16.686
62.687
& L_ b May
Jap 1 to May 31
Lake
Year.
Year.
1
34,804
135,050
37,245
May 31—147,551
Honolulu Rap Tr
Current
Year.
Clev Painesv & East.a.May
ly productive, but
American
ultimately will be of great value.
Holding Co. (Incorp. Sept. 17 1909).
Light Co.
&
Power
Controls Kansas Gas & Electric Co., Pacific Power & Light Co.,
Service and
Property of Subsidiary Companies.
supply electric-light and power service to 73 communities, arti¬
ficial gas service to 16 communities, natural gas service to 2, water service
to 7, street railway service to 3, interurban railway service to 3 and ice and
fuel service to 1.
Total population served estimated at 822,000.
Statistics (a few partly est.)—
Apr. 30 *13. April 30 '12. Sept. 17 '09.
Electric customers
53,335
20,428
4,893
These
53,955
12,686
!
3,694
Water customers
customers.
126,550
74,302
generating capacity
48,668
26,023
(11,738 of this in 1913 by hydro-electric power plants.)
Kilowatt gen. cap. under construe.
12,950
1,631
Output 12 months (k.w. hours)..
88,349,600
40,010,000
Electric distributing lines in serv¬
777
ice, miles
1,612
Do
undergr'd conduit, miles
\
23
High-voltage transmission lines—
467
In operation, miles
618
7
Under construction, miles.
66
3,408,000
Artificial gas holder capacity(cu.ft.)
4,498,500
do under construction (cu.ft.).
3,285,000
Gas output for 12 months—
Artificial (cubic feet).
1,906,609,414 1,435,615,603
Natural (cubic feet)
1,767,764,000 2,752,279,000
35.5
30.5
Miles of electric railway.
1,096
759
Miles of gas mains
current
Previous
Year.
Year.
Year.
Year.
Honolulu Rap Tr & Ld.May
Jan 1 to May 31—
6,265
5,209
10,538
9,927
49,452
10,421
52,149
def 746
7,027
33,553
Lake Shore Electric. —May
Jan X to May 31
.
•
7,085
33,458
35.0S0
174,971
34,690
173,736
8,947
def6,401
*14,784
*75,989
112,450
*82,223
.
8,897
224,543
1,123,067
215.636
1,081,263
*174,255
*988,814
*244,817
Republic Ry& Light—.May
June 1 to May 31—
45.704
44,098
47,904
536,980
531,860
39,872
466,878
...
After
.
8
40,000
9,377,300
2,745,997,700
,
4.5
142
Authorized.
Outstand'g.
Capitalization April 30 1913—
$3,119,800
pref. p. & d (V. 92, p. 1567)_$5,000,000
5,631,400
(all in voting trust till 1916)
10,000,000
lO-yr. 6% conv. gold notes of 1911, due Aug. 1
1921 (V. 93, p. 106, 668)
2,200,000
2,200,000
One-year 5% gold couponinotes
3,000,000
3,000,000
An initial dividend of 1% was paid on the common stock March 1 1913.
The $3,000,000 5% one-year gold coupon notes were sold in connection
Pref. stock 6% cum.,
Common stock
—
-
—
with
acquiring control of the Southwestern Utilities Corporation, and are.
corporation's 5-year 6% gold notes and
income-bearing securities having an aggregate income equal to
secured by a like amount of that
by other
than twice the interest on the
1913.
12
notes.
12 1912, due July
Dated July
Interest payable Jan. 12 and July 12.
Par $1,000 and $10,000.
N. Y., trustee.
Arrangements have been made where¬
Bankers Trust Co,
,
SHEET
Assets—
Stock's &
OF
AMERICAN POWER &
570,181
*786,083
allowing for other income received.
$.
$
bonds... 10,887,881
.
10,079,139
rec.
Cash
11,956,902
..J'
5,200
Suspense
Furn. & fixtures..
Miscellaneous
Total
__
3,554
67,829
2,220,186
13,757
16,031
2,046
CO.]
,
$
$
,
3,J119,800
Preferred stock
Common stock
5,631,400
Funded debt.-_._-_ 5,200,000.
3,070,300
5,631,400
1,854,658
3,363,561
46,096
370,613
24,331
242,182
Total .........16,222,567
12,331,774
Current liabilities.
Reserves
Surplus
_________
615
16,222,567 12,331,774
Kansas
LIGHT
Apr. 30 '13. May 31 '11.
Liabilities—
5-yr. 6s S.W.U.Cor 3,301,200
def 1,637
New York Railways.—May
Jan 1 to. May 31—
*
119
72
117
Miles of water mains
Notes&accts.
Clev Painesv & East...May
Jan 1 to May 31
750
6,654,227
•
Apr. 30 '13, MaySl'll.
Roads.
15,644
2,575
Total
BALANCE
-Bal. of Net Earns.—
Current
Previous
cRe¬
1
Kilowatt
and Surplus.
Rentals,
450
10,301
37,682
12,498
6,574
Artificial gas customers
Natural gas customers.
by these notes will be paid at maturity with the proceeds of a new loan ma¬
turing July 13 1914.
[For income statements year ending April 30 1913, see V. 97, p. 52.]
Net earnings here given are after deducting taxes,
—Int.;
Portland
Co. through ownership of entire out¬
Utilities
Corporation through control of 65.6% of capital stock.
t
Vancouver Gas
Gas & Coke Co. and
more
83,970
998,738
,
b Net earings here given are before deducting taxes.
Interest Charges
that date the company
191,943
298,005
333,193
17,482
63,365
314.012
18,355
Underground Elec Ry of London
London Elec Ry__ Wk June 28
Metropolitan Dist. Wk June 28
.
224,885
69,556
334,143
181,948
March
Third Avenue
Twin City Rap Tran. 3d wk June
13.352
116,321
114,217
503.415
30,247
63.524
73.749
10.074
Boulevard. March
Tampa Electric Co.. May
650,370
status of your company
standing common stock, except directors' shares, and Southwestern
70,026
83.136
14,829
Staten Isl'd Midland- March ^
Union
2,749,256
73,679
37.613
Heat & Power Co. May
Santiago Elec Lt & Tr June
Savannah Electric Co May
March
Second Ave (Rec)
Southern
1,037,372
279,992
183,317
J5aston& W April
North Ohio Trac & Lt May
892,438
135,790
83,561
32,528
301,373
Gas
&
The acquisitions since June 1911
Electric
Company.
(see V. 93j
170) have been:
p.
Oct. 1
1911, the entire property of the Electric Light & Power Co. of Newton,
Newton, Kan.; June 1912, entire property of the Cherokee (Kan.) Light &
Power Co., and in Sept. 1912
the entire property of the Cherryvale (Kan.)
Electric Lt. & Power Co., all directly operated by Kansas Gas & Elec. Co.
The company
supplies electric light and power and natural gas to Wichita
and Pittsburg,
Kan., and electric light and power to Frontenac, Indepen¬
dence, Sedgwick,-Valley Center, Newton, Halstead, Cherokee and CherryVale, Kan,
The company's electric generating plant capacity is as follows:
At
ANNUAL REPORTS.
Annual Reports.—An index to annual reports of steam
railroads, street railways and miscellaneous companies which
have been published during the preceding month will be
given on the last Saturday of each month.
This index will
not include reports in the issue of the "Chronicle" in which
it is published.
The latest index will be found in the issue
of June 28.
The next will appear in that of July 26.
Wichita (modern plant completed in 1911), 8,750 k.w.; at Pittsburg,
1,050 k.w.; at Independence, 755 k.w.; at Newton, 750 k.w., and at Cherryvale, 300 k.w.
Total population served, about 105,000.
The natural gas
sold in Wichita is supplied by the Wichita Natural Gas Co. and in Pitts¬
burg by the Kansas Natural Gas Co.
Supplies,; under favorable contracts running until 1930, all the power for
the street railway inWichita, 33.6 miles, also for the Arkansas Valley Inter¬
urban Ry. Co.
-The lines of the last named now extend north from Wichita
38 miles and are projected up to a total of about 90 miles.
The latter
contract gives perpetual easement for poles and wires along the right of
way ahead of an3r mortgage of the Interurban Co., and the Kansas Co. has
thus built 28 miles of transmission line supplying the Interurban company
.
and other customers.
'
*
Capitalization April 30 1913—
•
•
,
;
Authorized.
■
(Preliminary Statement for Fiscal Year ending June 30 1913.)
Pref.stock 7% cum. (divs. paid reg. since issued).$1,500,000
Common stock (all owned by Am. P. & Lt. Co.)__ 3,000,000
1st M,5s (see V. 90. p. 1046, 1557)...
—
6,000,000
The company has issued the following
ment for the fiscal year ending June 30
Outstand'g.
$1,500,000
3.000.000
3,089.000
Elec. lt. & power_$535,718
Natural gas._.__ 405,000
Baltimore
&
Ohio
Railroad.
preliminary state¬
(June partly est.).
The usual semi-annual dividends of 3 and 2% on the com¬
mon and
pref. stock, respectively, were declared this week,
payable Sept. 2.
1912-13.
Total operating rev-..$101,541,905
Operating
expenses
73,790,492
1911-12.
1910-11.
1909-10.
$92,594,322 $88,145,003 $88,901,252
64,709,538
62,764,935
61,333,800
Net operating rev
$27,751,413 $27,884,785 $25,378,937 $27,567,452
Outsideoper. (net def.).
852,220
666,640
148,312
599,634
Earnings—
The decrease ip earnings from the natural gas business was due to the
inability of the natural gas Companies to supply sufficient gas. , The com¬
plete failure of the natural gas supply, however, would not adversely affect
the company, as it has the right to do an artificial gas business both in
Wichita and Pittsburg, and has no investment in the natural gas fields
or in the transmission pipe lines.
Pacific Power & Light Co.
Furnishes electric light and power service to 39
Total net revenue
Operating income
Other
income.
$26,899,193 $27,218,145 $25,230,625 $26,967,818
2,962,930
2,783,195
2,596,250
2,469,964
$23,936,263 $24,434,950 $22,634,375 $24,497,854
5,128,935
4,342,892
4,896,598
4,217,898
Gross corporate inc.. $29,065,198
$28,777,842 $27,530,973 $28,715,752
Interest, rentals, &c
15,864,068
14,836,448
14,710,981
12,468,165
communities, gas service
railway service to 2 communities, interurban rail¬
service to 3 communities and water service to 4 communities.
The
to 6 communities, street
way
Taxes accrued.
Earnings—
1913—Net^—1912
1913-Gross-1912
$482,971 Elec. It. & power.$270,114 $261,890
49,991
89,244
541,682 Natural gas
total
population now served by the company, including an estimated rural
population of 5,000, is approximately 102,000.
The fee title to all of the
properties, except the Walla Walla Valley Ry. Co., is now in the name of
the Pacific Power & Light Co.
(See list of properties, V. 93, p. 171.)
Of the company's total developed electric power capacity of approxi¬
mately 22,587 h.p. (16,850 k.w.), 15,735 h.p. (11,738 k.w.) is generated
by hydro-electric power plants.
Capitalization April 30 1913—
Authorized.
Outstand'g.
Pref. stock 7% cum. (V. 94, p. 208); dividends paid
Net corporate income $13,201,130
$13,941,394 $12,819,992
Pref. divs. (4%)_*_abt_ $2,355,059
Com. divs. (6%)—-abt_
9,120,073
Balance, surplus.abt. $1,729,998
—V. 97, p. 49.
$2,355,059
'9,120,073
$16,247,587
$2,355,545
$2,355,675
9,120,600
9,118,538
$2,466,262
$1,343,846
$4,773,374
regularly Q.-F
$3,500,000
2d pref. stock 7% cum. (all Owned by Am. Power & *
<■
,
LightCo.); divs. paid regulary since date of issue 2,500,000
Common stock (owned by Am. Power & Light Co.,
except directors'shares).
6,000,000
First & Ref. Mortgage, bond£| (see V. 94, p. 279)...30,000,"000
_____
$2,000,000
1,500,000
6,000,000
6,076,000
114
CHRONICLE
THE
The 2d pref. stock is redeemable at any time at par and divs., and to
1 1913 in lots of 1,000 shares or more, into
coversion any time after Jan.
Sref. applicable to dividends are 2H times 12 consecutiverequirements earnstock, par for par, whenever, in any the dividend months, the upon
igs
the pref. stock then
outstanding and then proposed to issue in exchange.
Capitalization April 30 1913—
and sup-
£lies gas at wholesale to the St. Johns Gas Co. (entire stock except direc¬
ts* shares owned) and to the Vancouver Gas Co. (see below).
Total
population served about 265,000.
(Compare V. 93, p. 172.)
The present gas plant has a generating capacity of 4.5OO.O0O cu. ft. daily
and a holder capacity of 3,000,000 cu. ft.
Because of the steadily increas¬
ing demands on the plant and the value of the land on which it.is located,
it was decided in 1912 to erect a complete new generating plant beloif the
city's limits on the Willamette River.
There are under construction at
this site three 20-foot crude oil gas generators, Ac., for approximately
7,500,000 cu. ft. daily output, and two holders with a combined capacity
of 1,185,000 cu. ft.,and an ultimate daily generating capacity of 15,000,000
cu. ft.
A 16-in. high-pressure main to connect the new plant with the city
is nearly completed.
It is expected that a portion of the plant will be
The company is also building a 2,000,000 cu. ft. holder in East Portland, thus giving it a total holder capac¬
ity of 6,185,000 cu. ft.
use
within
a
few
weeks
Capitalization April 30 1913—
•
Authorized.
Pref. stock 7% cum. full div. paid Q.-F. since iss'd_$2,000,000
Common stock, all except directors' shares held by
Am. Power & Light Co
3,500,000
First & Ref. Mortgage 5% bonds (see V. 90, p.1176)15,000,000
Portland Gas Co. 1st M. 5% bonds
___•
Outstand'g.
$1,475,000
.
^
3,000,000
4,375,000
Vancouver (Wash.)
371,000
Light Co.)
1st M. 20-year 5% gold bonds (V. 93,
STATISTICS
population
of about 10,000.
Has its own gas-generating plant, with a holder capacity
of 25,000 cu. ft.; but it is now being
supplied with gas by Portland Gas &
Coke Co. by means of high-pressure mains.
Has 21 miles of gas-distribut¬
ing mains, serving 688 customers.
The franchise extends to 1961.
Dur¬
ing 12 months ended April 30 1913 the gross earnings were $22,030 and net
earnings $3,496.
All of the outstanding securities, except directors' shares,
were acquired by Am. Power & Light Co. June 26 1912.
CONTROLLED
1913.
Elec. custom's
13,894
4,596
4,165
16,850
400
7,950
......
11,605
der constr'n
12
months.
Output
12
debt.
*
:
Authorized noteissue, $15,000,000 5-year gold 6s, all subscribed.
On the
an allotment call of 30%
and three additional calls of
10% each had been made up to April 30 1913, and the remainder may be
As payments are made,
fully-paid notes are issued.
No calls for payment on account of the final
$5,000,000 notes can be made until the original $10,000,000 of notes are
fully paid.
Notes dated June 15 1912 and due June 15 1917.
Interest
J. & D. 15.
Par $1,000 and $500c*.
Bankers Trust Co., N. Y., trustee.
As of April 30 1913, there had been issued $7,534,500 notes, of which $3,299,000 had been redeemed, leaving $4,235,500 outstanding, of which the
Am. Power & Lt. Co. owned $3,301,000.
All securities acquired with the proceeds of the sale of the notes are de¬
posited as security therefor, and when the securities so deposited are sold,
the proceeds must be used for the cancellation of the notes by lot at 101
and lnt0 if not purchasable at that price.
Officers: G. M. Dahl, Pres.-; F. G. Sykes, E. W. Hill and Williani Darbee, V.-Pres'ts; A. E. Smith, Treas.; E. P. Summerson, Sec.
called for in 10% installments at 30-day intervals.
1912.
38,108
33,617
1.
..
1,231
.
693,827
...
690,229
715
510
444
444
408,000
408,000
30.5
30.5
92
82
,85
72
61,540,174 61,345,386
♦Elec. dls. lines-
285
Un'g'd cond
♦High
power
6
trans. Ilne3.
39
2671
23
power
Iine3
trans.
und. constr.
Gas holders—
Cap. (cu.ft.)
Cap. (cons.)
♦St.
Ry.
3,000,000
3,185,000
3,000,000
and
interurban
lines (In
ry.
operation)..
*
Miles.
173
175
Van.Gas Co. S.W.P.AL.
'
688
.
Water customers....
Generating capacity (k.w.)
do
25,000
under construe..
Output (k.w.) 12 months
do
gas 12 months
do
,
undergr'd conduit)
do
8,580
9,193
8,000
5,000
18.250,000
15,489^000
81,807,000
f 103
354
17
:
135
High-power transmis'n lines
do
1913.
16,202
3,987
5,000
39,217,000
272,608,000
6121
Miles elec. dlstrlb. lines (ov'head)
do
1913.
29,282
10,563
2,409
20,213
.
customers
Tex.P.&L.Co. Ft.W.P.AL,
1913.
1913.
do
504
639
6 Three ciphers omitteed.
Electric customers
Gas
first $10,000,000
,
1913.
..1
12,185
4,165
3,694
15,468
17,632,600 14,680,000 31,500,000 25,330,000
♦Water mains
bonded
„
30
1913.
gas
months.61,767,764 62,752,279
Incorporated June 10 1912 in Va.; an investment company owning all
the outstanding capital stock, except directors' shares, of the Southwestern
Power & Light Co.
(V. 95, p. 1126; V. 96, p. 1428).
American Power & Light Co. controls 65.6% of the $15,000,000 stock/
all of which, except directors' shares, is in a voting trust, terminating in
1917.
Calvert Brewer, J. M. Pratt and 8. Z. Mitchell are the voting
No
APRIL
Co.- -Portland O. A C. Co
Output (k.w.)
♦Gas mains..
trustees.
*
1912.
10,555
Water cus'm'rs
Gen. cap.,k.w.
Gen. cap. un¬
& L.
1913.
8,243
12,498
$800,000
2,760,000
1,601,000
COMPANIES
-Pacific P.
1912.
10,159
12,686
Gas customers
Southwestern Utilities Corporation.
•
FOR
-Kan. Gas & El. Co.-*
533)
p.
Outstand'g.
$800,000
2,760,000
10,000,000
&
♦High
Gas Co.
Does the entire gas business of Vancouver, Wash., serving a
Authorized.
Prof, stock 7% cum. pref. p. & d., redeemable at
115; full dividends paid Q.-F. since date of issue.
Common stock (over 93% is owned by S. W. Power
Overhead..
.
—_
xcyii.
normal full-load capacity 8,000
k.w., but this will be increased by 5,000
k.w. as soon as additional
equipment now on the ground is Installed.
This
plant has just displaced the old obsolete plant
and material economies
are
consequently expected.
Supplies, under contract, the Texas Power A
Light Co. with a part of its poiver requirements.—(Compare V. 93, p. 533).
Portland (Ore.) Gas & Coke Co.
Does the entire gas business in Portland, Ore., and its suburbs,
available for
[Vol
[ll
131
under construc'n..
66
66
Gas-holder capacity (cu. ft.)
do
,do
under construc'n..
1,065,000
100,000
259,000
100,000
Miles street
railway lines.
Miles gas mains.
Miles water mains
5
:
.j.
169
21
*"T~87
V
32
......
EARNINGS OF CONTROLLED COMPANIES YEARS ENDING APR. 30
.
[These statements show the earnings of all properties owned Irrespective of dates
]
/• ■
Southwestern Power & Light Co.
of acquisition.
An investment company, controlling
Incorp. July 30 1912 in Maine.
Light Co., Ft. Worth Power & Light Co., El Paso Gas
Co., Denison Light & Power Co., Paris Transit Co., Wichita
Falls Electric Co., Wichita Falls Water Co., West Texas Electric Co.,
Sweetwater Ice & Cold Storage Co., International Electric Co. and Eagle
Kansas Gas &
Gross
the Texas Power &
& Electric
Pass Water Co.
Owns all the
common
stock, except directors' shares, of the Texas Power
& Light Co., more than 93% of the common stock of the Ft. Worth Power
6 Light Co. and all of the capital stock and other securities (except direc¬
tors' shares) of the other companies named above, except that it does not
$500,000 outstanding bonds and $95,000 outstanding 1st pref. stock
of the El Paso Gas & Electric Co.
Of the $500,000 El Paso Gas & Electric
Co. bonds Outstanding, $112,000 was owned by the Southwestern Utilities
Corporation and $388,000 by the public as of April 30 1913. All of the $95,000 1st pref. stock of the El Paso Gas & Electric Co. was owned by the
Southwestern Utilities Corporation.
•
All of the controlled companies operate under their own names.
They
furnish electric light and power service to 24 communities, gas service to
7 communities, water service to 3 communities, street railway service to
1 community and ice and fuel service to 1 community.
Total population
served in 1910 was 308,638 (U. S. Census) and estimates for two communi¬
ties in Mexico); now estimated 340,000.
own
Net (after
Earnings
1
Taxes).
EIeo-f 1913.
$940,724
1912. 1,024,653
1913.$1,239,382
1912. 1,193,965
1913.$1,218,623
1912. 1,103,862
$320,105
trie Co...:
351,134
Pacific
Power
&
$597,605
Light Co
552,560
Portland
Gas
A
$601,801
Coke Co
546,213
*99 mn
Vancouver Gas Co. iqii
$3,496
Southwestern Pow. 1913l$l,999i065 C$870,731
A Light Co
1912. 1,711,420
c758,131
Texas
Power
A
1913.
$886,324
$353,081
761,258
Light Co......'. 1912
326,984
Ft.
Worth
$545,488
$284,249
Power/1913
Interest
Dividends
Balance
Paid.
Surplus
Charges.
$164,603
136,874
$299,951
342,135
$216,461
171,890
>•
(7)$105,000
(7)105,000
a$238,750
b 105,000
(7)$97,563
(7)92,750
$50,502
109,260
$58,904
105,425
$287,777
281,573
$3,496
.
Not
,
462,670
\1912.
Co
203,745
stated
•
$6S,006
V.95,p.970.
$216,243
162,678
Not
stated
4,1,067
,
Cnn
Not
stated
stated
.
A Light
Not
stated
Not
.
...
Capitalization April 30 1913—
Authorized.■ Outstand'g.
Pref. stock 7% cum. pref. p.& d., red. at 115 & div. $3,000,000
$1,565,000
Second pref. (2d pref. p. & d.) red. at par anddiv__ 3,000,000
1,575,000
Common stock
—-15,000,000
15,000,000
All of the outstanding stock of all classes, except directors' shares, is
held by the Southwestern Utilities Corporation and deposited to secure
its 5-year 6% gold notes.
The 2d pref. stock is entitled to 6% cum. dividends from Nov. 1 1912 to
Nov. 1 1913 and thereafter to 7% cum. dividends, and is convertible at
option of company by lot into pref. stock when for 12 consecutive months
within
•
the immediately
preceding 13 months earnings for dividends
are
2Yi times the dividend requirements on the pref. stock then out and the
additional pref. stock to be issued in exchange.
Officers: F. G. Sykes, Pres.; G. M. Dahl and William Darbee, V.-Pres'ts;
M. H. Arning, Sec. and Treas.
Incorp. May 27 1912 in Texas.
Operates in the famous "black land
belt" of Texas and in contiguous territory, serving a population of about
145,000.
Does the entire commercial electric. light and power business
in Waco, Sherman, Paris, Temple, Palestine, Tyler, Cleburne, Gainesville,
BrownwOod, Waxahachie, Hillsboro, Taylor, Bonham, Lancaster,
perpetual/and none expire prior to 1936. (V. 95, p. 970.)
Electric-light and power properties in Ennis, West, Itasca, Ferris, Alsome are
varado and Grand
View have also been either acquired or contracted for
behalf of the company.
Is also now building electric-distributing sys¬
Rice, Alma, Garrett, Palmer, Trumbull, Abbott, Forreston, Sterret, Milford, Red Qak and Joshua.
•
RRHas 50-year contract with the Southern Traction Co. to supply all the
power for its 135 miles of interurban lines, which are now being built be¬
tween Waco and Dallas and between Dallas and Corsicana, and fot its
traction system in Waco, 16 miles (Corsicana, 4 miles).
Power is also sup¬
plied to the street railways system in Cleburne, 7 miles of track; Paris, 5^
miles, and Bonham, 2H miles.
The contract with the Southern Traction
Co. affords a perpetual easement, ahead of all traction company mortgages,
to erect and maintain poles and wires along the right of way.
It is intended to build at Waco a large modern steam station to generate
power for Waco, Hillsboro, Cleburne, Waxahachie, Temple and other
points.
Transmission lines have been completed from Waco to Hillsboro
on
tems in
,
,
.
and thence to Cleburne and
Fort
.hachie to the northeast and work
Worth to the northwest and to
on
.
Waxa-
other sections is in
progress.
The
transmission line to Fort Worth connects with the new steam station of the
Fort Worth Power & Light Co., from which
company the company now
obtains under contract a
part of Its
Capitalization April 30 1913—
power
Plants
7,202,884
Sec. oth. cos.
Authorized.
10,000,000
1st M. 25-year,5% gold bonds (V.
95, p. 970,1126) .30,000,000
Sink", fund...
P.A
6,676,351 15,376,323
6,248
1,000
457,930
472,053
L.
COMPANIES. /
Co.
Portland
Q.AC.
Co.-
13,547,508
9,756,434
7,573,180
26,544
1,001
420,279.
1,001
640,187
8,637
149,000
620,971
26,441
196",666
Treas. bonds.
"~2~,607
Miscellaneous
14,147
Bond disco'nt
138,771
98,440
384,679
58,572
110,161
42,614
Pref. stock...
1,500,000
1,500,000
1,250,000
1,475,000
.1,300,000
2d pref. stock
Com. stock..
2,000,000
1,500,000
A
expenses.
LiaMlities-
3,000,000
3,obb",666
6,000,000
6,OOb",660
3,000,666
3,000",000
of oth. cos.
500
500
500
500
Bonds.......
3,089,000
a204,59l
2,456,000
115,492
6,076,000
6740,137
4,530,000
Curr't llabils.
24,999
4,746,000
C590.774
3,586,000
262,191
82", 017
93,835
30,552
88,138
368,427
91,311
60,226
172,564
stock
Capital
Notes
payable
.......
57,857
....
103,185
Surplus
a
307,686
1,919,980
153,099
118,771
24,999
'
$86,330 of which is due Am.,Pow. A Lt. Co.
6 includes $379,530 due the Am.
c Includes $324,294 due the Am. Pow. A Lt. Co.
Pow. A Lt. Co.
"
[BALANCE SHEETS AS OF APRIL 30 1913.]
Vanc.GasCo. S.W.U.Co. S.W.P.AL. Tex.P.&L. Ft.W.P.&L.
$
Assets—
Plants
$
.
$
$
.....
287,747
19,223,566
10,695
6638,903
361,973
2,§17
87,203
6,596,825
1,472
:
—/
Current assets..:
Treasury bonds._
— .....
Miscellaneous
Trust assets
...
.
$
_
303,413
...
Securs. of other cos
—
14,205,089
1,226
432,062
600,000
3,244
.
5,289,943
139439
*4* 367
247*,423
13,843
1,565,000
Bond discount A expenses
1,575,000
800,000
1,575,000
15,000,000
1/994,000
331,653
25,507
9,100", 000
2,760*666
3,025,000
644,822
1,601,000
113,107
3,077
95,853
207,575
170,108
....—
Liabilities—
Preferred
stock
2,851,000
Second preferred stock—
Common
300,000
stock
Ac.
Current liabilities
Bonds,
—
------
4,235,500
al3,768
629
307,192
90,031
98,100
2,027
Reserves
C28.853
Miscellaneous
Surplus
2936,647
$10,829 of which Is due the Am. Pow. A Lt. Co.
6 Includes notes and accts.
receivable, $461,837; Interest accrued receivable, $163,296, and cash, $13,769.
c Accumulated from June 10 1912 to April 30 1913.
x Includes $190,500 due the
Am. Pow. A Lt. Co.
v All owned by the Southwestern Utilities Corporation^
a
Outstand'g.
Autosales
$1,575,000
9,100,000
2,700,000
Fort Worth (Tex.) Power & Light Co.
Incorp. July 14 1911 in Texas and acquired the electric-light and
power
property previously operated in Fort Worth, Tex.
Has recently placed in
operation on Trinity River a modern steam-generating plants, present
308,100
271,880
30,890
Current ass'ta
Gum &
Chocolate
Co.;
{Report for Fiscal Year ending April 30 1913.)
shares) owned
Po^r & Llght Co
CONTROLLED
requirements.
Pref. stock 7% cum. (pref.
p. & d.), callable at 115
and div.
Full div. paid Q .-F. since date of
issue.$3,000,000
Common stock (all
except directors'
*
OF
Apr. 30 *13. MayZl '11. Apr.30 '13. MaySl '11. Apr. 30'13 May 31 '11.
$
$.•>•■$
$
$
/
$
Honey
Grove and Italy, and also the entire gas business in Waco, Paris, Cleburne
and Brownwood.
All except six of the franchises extend to 1950 or
beyond,
SHEETS
-Kan. Gas A El. Co.—Pacific
Assets—
Reserves
Texas Power & Light Co.
while
BALANCE
Pres. Ulysses
D. Eddy, July 3 1913, wrote in substance:
Since the stockholders' meeting, held,on June 3, one member of the board
then
elected has resigned, and on June 4 the undersigned was elected a
and President.
During the four weeks pince I assumed office,
director
drastic reductions in salaries and in other unproductive overhead charges
have been made, and others are in contemplation.
The time has been too
July 12
THE
1913.]
limited to make
a thoroughly exhaustive study of your property, but, so far
as investigation has been made, it is obvious that it has milch
greater
earning power than has as yet been shown.
The company possesses a large
number of valuable patents, franchises and contracts of potential value In
the conduct of its special business.
Its seven factories are strategically weU
placed for the manufacture and distribution of its products.
The business
for the first two months of the present riscal year shows a healthy increase.
INCOME ACCOUNT.
Year end.
1014 mo.end
Apr.ZO *13. Afar.31'12.
Net
profit.—
WAmo.end
Apr. 30'13. Jlfar.31'12.
Deductions—
$296,570 $1,282,055
120,879
858,009
$175,691
22,528
$424,046
$198,219
Bond
profit—...
Other income.
_•
Gross income
....
$424,046 '
$192,000
$232,235
10,000
BALANCE SHEET.
Real est., fac.,
Pat'ts &
&c_l9,261,626
trade-mks/
Stocks and bonds.
Sinking fund....,
Inventory
AcctS. & bills rec—
Cash..
(5,412,242
[3,347,544
——
Int. Vending Co..
Deferred charges..
Total
145,746
5,386
474,718
214,338
117,529
19,329
24,806
93,098
$2,235,273
2,450,366
728,206
$2,322,160
2,340,959
$767,939
469,603
32,250
$892,646
408,319
def.47,841
$1,000,000
450,000
500,000
$1,000,000
400,000
''
625,8l0
308,472
$700,000
$500,000
Champion (one-half)
500,000
Trimountain
300,000
250,000
150,000
-
-
$
6,000,000
3,600,000
78,943 )
Scrip pay.(Sub.co.)
1,275J
269,620
Reserve...—...
101,161
Profit and loss
...
Mining Co. dividends.
_
175,945
Trimountain Mining Co. deposit....
226,046
45,000
99,657
Copper
Copper
Copper
Copper
Range Co. dividends
Range Go. deposit
Range RR. dividends
Range RR. deposit. _
Atlantic Mining Co
....
1911.
1910.
$315,552
697,613
298,065
28,772
448,646
100,112
$462,924
498,295
$557,380
996,590
149,018
60,411
47,200
5,363
46,040
41,247
—
Total
.
10,263,478 10,001,991
—
Directors.-^E. Beverly Walden (Chairman), F. V. Canning, E. H. Cook,
Ulysses D. Eddy, Charles R. Flint, Oscar L. Gubelman, A. J. Hemphill,
-V. 95, p. 1041.
Copper Range Elec. Plant.
Baltic Mining Co. notes received
Michigan Smelting Co. deposit
.
299,09?
108,520
3,057
300,000
425",666
43,846
Notes payable.
receivable— a..w.
449,770
0
200,056
United Metals Selling Co
Accounts
v
1912.
Tl/T*
Balance brought forward
Baltic Mining Co. dividends
Trimountain
Bond int. accrued.
778",326
David A. Keller, O. D. Smithers.
689.997
COMPANY FOR CALENDAR YEARS.
t-J Of*
6,000,000
Funded debt.
3,930,600
Accounts payable.
108,0031
Capital stock
.....10,263,478 10,001,991
17,817,836
18,005,071
5,282.404
19,224,124
5,694,868
RECEIPTS AND DISBURSEMENTS COPPER RANGE CONSOLIDATED
Apr.30T3. MarM'12.
Liabilities—
$
$1,927,036
1,962,730
768,595
Trimountain
Dividends Paid—
—
1909.'
17,549,762
Champion (one-half)—
Baltic
Bal., sur. or def.def$44,016sur$172,046
1910.
15,370,449
15,639,426
6,120,417
$530,215
227,294
60,371
—
eojood
Dividend (1%)—
Apr.Zb '13. Jfar.31'12.
Assm—
1911.
1912.
Copper Produced—•
Baltic.————— 13,373,961
Champion—a—_.—.— 17,225,508
Trimountain
6,980,713
Receipts—
Baltic
$2,165,351
Champion
2,785,411
Trimountain
1,132,719
Net Profits—
Baltic
$697,394
—
interest
Reserves.
-Net
N,
COPPER PRODUCTION RECEIPTS. NET PROFITS AND DIVIDENDS
OF INDIVIDUAL MINES.
—
Year end.
Admin. & gen. exp.
115
CHRONICLE
:
200,000
18,183
-
"2~, 259
Interest
Lawyer's Mortgage Co., New York.
1912.
1911.
on
stk. issued, but
cap.
1910.
Total
2,202
1,624
$1,858,525
$2,656,641
3,267
which remains unexchanged
Miscellaneous
(Report for Six, Months ending June 30 1913.)
1913.
rec'd
Divs.
385
$2,295,271
..———
Disbursements
Guar, mortgages sold— 17,530,240
do
do out'g June 30.136,018,258
18,250,331
22,016,629
21,740,285
125,666,118 113,956,667 103,021,787
Income from—
Premiums for
329,432
162,461
298,542
166,524
10,172
8,180
275,200
124,943
7,913
502,065
473,246
408,056
379,518
9,000
62,518
11,097
9,000
,55,047
9,314
9,500
50,898
7,851
17,463
17,981
14,161
9,709
104,909
Net earnings—
397,156
Dividends (six months).' (6)360,000
100,596
372,650
(6)300,000
320,534
(6)240,000
(6)240,000
37,156
72,650
80,534
61,560
Interest
on
guaranties
mortgages
__
Rent, commissions, &c_
Gross
>
earnings.
243,308
125,101
11,109
Salaries
Advertising
Stationery..:
/
Taxes & general expense
Gross
'
8,833
67,051
11.562
expenses......
Balance, surplus
BALANCE SHEET JUNE
1913.
$
925,000
2,397
—__—
Copper Range RR .stock at par
Copper Range RR. bonds at par
General
$43,172
20,435
50,852
77,958
301,560
United Metals Selling Co
Copper Range Electric construction.
Copper Range RR. Co.a__
—
Michigan Smelting Co.
Taxes (New Jersey)
1912.
$
$
788,429
455,499
43", 027
1,537,340
462,924
$2,295,271
$1,858,525
$2,656,641
39,085
37,136
hand Dec. 31
Totals—
—
COPPER RANGE CONSOLIDATED CO. BALANCE SHEET DEC. 31.
1912.
1911.
S
,
1913.
101,054
73,395
7,834
7,726
10,292
49,193
1,357,104
315,552
,
Dividends
30.
Liabilities—
39,955
7,771
Other expenses, &c
on
'20,367
—
Copper Range Co.
Cash
$40,529
212,071
156,875
-1,225
"4",199
exploration
Baltic Mining Co
Interest
87 ,522•
1912.
$
Assets—
—
Trimountain Mining Co.—
Expenses—
Rent..
Notes payable
Accounts receivable..
$
Assets—
1912.
1911.
$
$
Liabilities—
Min. stka. owned
Z37,890,100 37,865,400 Capital stock
39,369,200 39,344,500
Stock reserved.
»79,100 Notee payable.
j/79,100
1,100,000 2,025,000
Notes receivable.
2260,411 United Metals Sell¬
183,787
ing Co
500,000
Copper Range RR.
300,000
Co .bonds at par
870,000 Mich. Sm. Co. dep.
870,000
30,806
Trim'n M.Co.dep.
Copper Range RR.
50,214
21,442
Co. stock at par 1,639,200
1,639,200 Copper Range Go."
deposits
Cfopper Range elec¬
125,317
25,206
tric plant
74,186 Cop.RangeRR.dep.
68,823
20,677
Gen'l exploration.
672,331 Atl. Mln.Co.dep.
672,331
47,200
Miscellaneous
8,397
6,322 Bills payable..
V 18,183
Cash
315,552 Acc'ts payable...
455,499
62,030
_.
N. Y. City mtges— 7,230,514
Acer. int. receivableCo.*8 Bkln.bldg.,coat
Real estate
Cash..."
TqtaL.....
7,551,854
369,976
175,000
307,383
1,286,845 1,046,298
344,031
175,000
82,843
Capital.—
6,000,000 6,000,000
Surplus
....2,500,000 2,500,000
Undivided profits...
245,660
150,528
Mtgs. sold, not deliv.
318,830
737,849
Res'd for prem., &c_
54,743
62,134
_
_
_
.
...
9,119,233 9,450,511
9,119,233 9,450,511
Total
There~ai&:i{L371 mortgages outstanding (see "operations" above), the
average loaniir Manhattan amounting to $33,500, in Brooklyn to $5,500
and in the Bronx to $19,500.—V. 96, p. 133.
_
Stock suspense...
Profit and loss
64
Total
.........41,867,236 41,782,502
Total....
(Report for Fiscal Year ending Dec. 31 1912.)
Pres. William A. Paine,
Apr. 26 wrote in substance:
Extraordinary
expenses
amounting
to
$187,127" at
the
stamp
$26,486 at the mines, a total of $213,613, have been charged into
of copper.
The new exhaust steam turbo-electric generator in¬
stallation at tne millls and the water supply at the Champion mines, are
the principal items in these extraordinary expenditures, by which the cost
of copper nas been increased over five-eighths cents per pound.
In com¬
mon with all other mines in the district,, this cost has also been increased
by the general advance in wages which took place May 1.
The average cost per pound in 1912 was 10.51 cents, contrasting with
9.74c. in 1911, with 8.78c. in 1910 and 9.08c. in 1909.
The reduced output of the Baltic Is largely compensated for by the Trimountain.
This latter mine continues to improve its grade of rock mined,
and everything points to further progress in the same direction.
While
mills and
the, cost
Baltic has dropped somewhat from its steady yield of 22 lbs. to the ton,
the mine since the first of the year has returned to this normal yield.
Im¬
provements in the lower levels of the mine, as noted in the General Man¬
ager's report, should tend to restore Baltic to its former basis of production.
Champion has had
to
a satisfactory year.
The mine is in
maintain, if not to increase, its present output.
STATEMENT
OF
THE
FOR CALENDAR
■
.
•
1912.
OPERATING
COMPANIES
,
1910.
1909.
Rock stamped (tons)...
1,784,402
Aver, yield ref'd cOp. (lbs.)
21.07
Copper produced (lbs.). 37,584,647
Avge. price ree'd per lb.
16.16 cts.
1,779,072
20.87
37,130,292
23.32
21.73
42,468,754
12.74 cts.
13 cts.
Rec'd from copper sales.
Interest
$6,071,095
13,107
$4,655,127
$5,407,629
520
6,217
$5,340,728
12,387
Total
$6,084,202
Mining exp., incl. smelt.,
fr't, marketing, &c
$3,661,837
Taxes, Houghton Co.,Mich. 164,158
$4,655,647
$5,413,846
1912-13.
Net income
$354,251
1911-12.
$473,3191
$3,447,100
163,373
$3,490,742
179,210
1,499,128
1910-11.
$378,997
1909-10.
Pref. dividend (5%)
$275,000
$27«t000^ $275,000
Common dividend.—(2H%)61,875(1 H%)41,250 (1%)27,500 ""
Surplus for
year...—
$17,376
$157,069
$
1912.
'
'•
$
8,674,701
Artificial gas plant
Material & Suppl's
L.G.Addison,trust.
Cash..
1,431,000
61,198
*750,000
8,635,457
1,431,000
62,324
*750,000
157,753
196,375
_
119,209
226,746
2,169
...
I
—
1912.
$
$
6,000,000
6,000,000-
Common stock
3,000.000
3,000,000
1,425,000
1,431,000
178,084
39,402
17,813
612,897
163,389
25,115
17,887
595,521
First
mtge. bonds
Columb. Gas Co.
Acc'ts
payable...
Accrued taxes.
Acer. Int. on bds.a.
Surplus
—....
1,891,576
Total
1913.
Liabilities—
8,176
Meters, regulators,
&c
■.
$177,464
Preferred
Property, plant <fc
equipment
$76,497
$452,464
$275,000
BALANCE SHEET MARCH 31.
19,13.
'
Assets—
$5,353,115
....
"
INCOME ACCOUNT FOR YEARS ENDING MARCH 31.
,
41,105,311
12.54 cts.
1,820,769
*
Fuel Co.
(Report for Fiscal Year ending March 31 1913.)
Acc'ts receivable.
YEARS.
1911.
...
Columbus (O.) Gas &
,
The available quick cash assets Dec. 31 1912 were: Copper on hand,
pold, $1,368,763; Copper Range RR. 1st M- bonds, $870,000; cash, $455;499; total, $2,694s262.
Deduct notes payable, $1,100,000, and amount
due United Metals Selling Co., $500,000; balance, net current assets,
$1,094,262.
CONSOLIDATED
x Includes 99,659 shares
of Baltic Mining Co., 99,699 shares Copper
Range Co., 99,345 shares Trimountain Mining Co, and 93,470 shares Atlan¬
y Represents 791 shares Copper Range "Consol. Go. held
outstanding shares of Baltic Mining Co. and Copper Range
Co.
z
Notes receivable In 1912 include Baltic Mining Co., $174,638
(against $220,667 in 1911), and Michigan Smelting Co., $9,149.—V. 96. '
p. 1366.
/
j
for
.
17,305
.41,867,236 41,782,502
tic Mining Co.
for exchange of
good condition
The Atlantic Mining Co*., which was acquired in July 1911, earned
us A net profit of $40,385,
mostly from stamp mill on custom work.
"
592,535
Copper Range (Mich.) Consolidated Co. (of N. J.), Bost.
.11,273,196 11,232,912
...
Total ...a-..—11,273,196 11,232,9151
*
Presumably treasury stock, via.: $500,000 pref. and $250,000
V. 96, p. 1366.
com.—
Montreal Water & Power Co.
192,544
(Report for Fiscal Year ending April 30 1913.)
Pres. Edwin
Hanson, Montreal, June 11, wrote in subst.:
under review from the sale of
$671,684, an increase of $165,180, or over 32%, being by far
the largest increase in any one year in our history, partly accounted for
by A considerable sale of water to the City of Montreal, owing to an acci¬
dent to its system.
Apart, however, from this extraordinary revenue, the
increase of 21M % in the ordinary territory served by the company was emi¬
nently satisfactory.
Income Securities.—These, amounting to $1,074,596, became June 30
1912 full interest-bearing at 5% per annum.
Additions.—The new filtration plant has been operated most satisfac¬
torily.
The cost of operation amounted to nearly $45,00Q, but your di¬
Results.—The gross earnings for the year
Total
expenses
Net
profit—
Copper Range RR. surp.
bl
Atl. Min. Co. surplus
•
__
Total net income
$3,825,995
$2,258,207
103,775
40,385
$3,610,473
$1,045,174
53,532
$3,669,952
$1,743,894
75,168
$3,691,672
$1,661,443
$2,402,368
$1,098,706
$1,819,062
$1,831,705
$83,992
$66,851
$48,602
$59,823
625,810
227,294
463,602
408,319
$294,145$518,204
.$1,300,858
$1,363,563
170,262
Deduct—
Net bal. of gen. exp., &c.
One-half net mining prof.
Champion Cop. Co.,
which belongs to St.
Mary's Min. Land Co.
Total
deductions
Balance, surplus—
Total dividends
results justify the expenditure.
Incomplete,
physical difficulties connected with the undertaking having
been greater than either the company or the contractors contemplated.
Over-81,000 feet of pipe mains were laid during the year, but the greater
portion of this 15 miles was laid in Maisonneuve under a special contract
rectors believe that the
$709,802
$1,692,566
$804,561
paid to Dec. 31 1912, $12,902*248,
water Avere
$468,142
The new reservoir now being constructed at Outremoht is still
the
actual
116
THE
CHRONICLE
arrangement with that city.
This, however, brings up the total length
pipe in the system to 913,262 feet, or approximately 173 miles.
The
size of the total piping system is 12.27 in.
The service connec¬
tions added were 4,060; total number of services April 30 1913, 45,680.
Two new 10,000,000-gallon pumps have been installed in the pumping
station and are now being put in service.
They should meet the ordinary
requirements of the high pressure section of your system for some time to
come.
They also place your pumping capacity at the main station in a
very satisfactory position.
•
*
The consumption of water per capita per day has again increased by
about 10% over the hitherto Highest mark, while the total expenses per
capita has, owing to the additions of the filtration plant, naturally increased
over any previous year.
There, however, is a decrease of about 1% % in
the cost of pumping each 1,000,000 gallons of the total
year's supply.
New Work Contemplated .—Your directors have decided to: {a)
Prpvide
better facilities for testing meters,.
(6) Construct a new pump station with
new reserve gasolene-driven pumping unit at the Cote des Neiges reservoir,
(c) To erect an iron fence around that property.
City of Montreal.—Within the last few days of the fiscal year under re¬
view, some of your board held a meeting with the Controllers of the City
of Montreal, regarding a
possible expropriation of the company's plant by
the city.
The city officials declined to state what they believed to be a fair
way of interpreting the clauses in the city's charter dealing with this matter,
but requested the company to make such a statement, and this your repre¬
sentatives agreed to do.
As practically all of our bonds and a large pro¬
portion of the shares are owned in England, a full statement of the case was
sent to the official representatives in London, and their co-operation asked
in offering a reasonable suggestion to the city.
This question is now under
consideration by the parties of interest in England, but, as the franchises
and contracts of the compny are many, and more or less varied, the ques¬
tion is quite complicated, and up to the present moment their reply in
[Vol.
.
-on
BALANCE SHEET DEC.
xcvii.
31.
of
1912.
average
.
full has not been received.
FOR
$671,684
$506,504
$432,151
299,446
228,900
149,685
_
$282,466
receivable
Mater.
&
supplies.
Int. on bonds, &c,
Added to res've acc't for
*$240,840
Hl?,575
premu.disct,,
Int. during constructionL
Depreciation, &c.
28,828
32,912
Total
-
*
After
$142,632
$136,982
23,549
25,284
14,537
42,000
17,500
42,500
2,000
26,865
65~b00
"¥,ooo
.
20,000
26,865
1,897
2,000
.
$306,533
sur .$65,705
•
$277,830
sur .$4,636
deducting interest received and amounts charged
♦Reserves
'
'
1912.
Prior
lien
&
1912.
53,695
154,922
Cunegonde 5%
-
280,000
500,000
-
debentures
250,000
250,000
4J4% bds_.4,781,500 4,538,167
&
scrip
certificates
1,074,596 1,074,596
Acc'ts, bills payable,
loans, &c—241,350
201,773
Acer. int. & wages._
92,314
71,585
Res've for depr., &c_
325,252
308,286
Suspense account.._
13,863
Profit and loss
96,882
31,177
Pr. lien
bonds
5%
412,107
receivable-
405,801
130,873
170,906
Stable, stock, furni¬
ture, tools, coal,
31,517
11,295
2,515
295,848
bonds
224,293
7,597,317
7,309,024
Pipes, fittings, &c.
Unexp. ins.,&c__.
Oash_.__i
22,630
11,566
2,613
In addition to the liabilities set
,
Total
forth in the above
statement
there exists
liability to the City of Montreal (formerly the Town of St. Louis du Mile
End), offset by additional assets of exactly the same amount, representing
a further pipe system that is to be taken over
by the co.,—Y. 96, p. 1776.
Montreal
Cotton
Company.
(Report for Fiscal Year ending Dec. 31 1912,.)
President S. H. Ewing in Feb. last wrote in substance:
Business has been good and the present indications are for a continuance.
Our sales for the year show an increase of $180,000.
We were confronted
with very high-priced raw material and continued keen competition from
Europe, and
further curtailment in hours of labor for the past year, due
legislation.
The dividends on the pref. shares (7%) have been
a
policy of $400,000
to secure dividends in the event of fire) have been
provided for, and
plus has been carried forward to the next year.
RESULTS FOR CALENDAR
1912.
1911.
$
:
.4,035,027 4,072,969
stock,
begin¬
ning o4 year.-....1,024,885
Deduct—•
1,117,662
\
i9i2.
.
72,558
Depreciation.
Total
1911..
115,000
104,513
115,000
Parke, Davis & Co., Detroit.
(Balance Sheet Dec. 31 1912.)
1912.
Assets—
Real est. & bldgs.
Inventory
1912.
...
394,587
interest
398,795
4,042,880
246,049
2,325,437
1,120,989
2,113,841
1,123,626
Office fur. & fixt..
211,107
190,682
Mach.& lab.appar.
Treasury stock
1,187,566
1,115,113
34,325
307,744
44,586
55,125
Dividends.
240,000
232,500
.-1110,001
20,119
Bal., surplus
1911.
1912.
1911.
«
p.
.
.
.
.
.
.
.
897,638
356,776
206,094
117,989
303,590
303,458
904,259
267,322
543,973
85,032
311,369
303,458
7,327,275 7,438,142
.2,141,729 2,022,729
Total
7,327,274 7,438,142
719.
312,522
3,724,224
309,193
2,823,754
923, 1007;V.
Accounts payable-
Surplus fund
,
Total
Since
1906.
1907.
6
1906
6j4
11,605,121 10,732,947
(Per Cent).
Regular
Extra (paid Dec. 31)In Oct. 1907 a stock
1908.
1909.
1910.
8
934
3
-
2%
10
5
1911.
1912.
dividend
12
12
5
5
of
8734% ($3,500,000) was paid.
A
stock dividend of 30%
(about $2,270,512) was also paid to holders of
record Jan. 28 1913.
Compare V. 96, p. 493, 65.
RAILROADS,
INVESTMENT
INCLUDING
NEWS.
ELECTRIC
ROADS.
Atlanta Birmingham & Atlantic RR —Foreclosure De¬
cree.—Judge Don Pardee in the Federal Court at Atlanta on
July 5, on petition of the Old, Colony Trust Co. of Boston,
trustee of the mortgage of 1906, on which $17,873,715 is due
for principal and interest, ordered the foreclosure and sale of
the property of the Atlanta Birmingham & Atlantic RR. Co.,
Georgia Terminal Co. and Alabama Terminal Co. at a date
to be fixed later
on.
Compare V. 96,
p.
1838. ;'
.
'
•
Augusta-Aiken Ry* & Electric Corp.—Guar. Bonds.—
See Georgia-Carolina Power Co.—"Industrials" below.—V. 96, p.
1224,
Bangor & Aroostook RR .^-Dividend Reduction—Outlook
following is approved by parties interested:
—ExtensionThe
The reduction in the dividend (from 2% semi-annually to 1%)
flection of the strike of the enginemen on that road in the early
is a re¬
part of
Although a fine earnings recovery is now in progress, dividend re¬
quirements were not covered in the year to June 30.
A director states
that it is very probable that at the next dividend date the 4% per annum
basis will be restored.
The road has
'
■
early funded debt maturing, but it is likely to have to
building
a
projected
bridge over St. Johns River at Van Buren, Me.
This connection will put
Bangor 8c Aroostook, via the Grand Trunk and the International Ry. of
Canada, into a rich lumber region lying to the north across the Canadian
boundary.
The proposed bridge is not expected to cost more than $250;000
at the outside.—V. 97, p. 49.
do
a
no
little financing in the not distant future for
be
Mellon Resigns.—Charles S.
July 8 resigned as President, effective upon the
appointment of his successor, and will hereafter devote his
full time to the N. Y. N. H. & II. RR., it having been found
impracticable for one man to fill both positions satisfactorily;
Morris McDonald, Viee-Pres. and Gen. Mgr. of the Maine
Central, has already been made President of that road and
on
will next week be elected director and President of the Boston
& Maine.—V. 96, p.
1838, 1700.
Chicago Rock Island & Pacific Ry.—Earnings of Sys¬
system has for the year to date shown a sub¬
increase in net receipts as well as in gross in¬
stantial
(Report for Fiscal Year ending Dec. 31 1912.
1912.
_
M
Gross operating revenues
$1,349,115
Operating exp. and taxes
822,760
Income from oper'ns.
Non-operating income
Gross income
Interest
(6%)...
surplus.
__
$526,355
51,202
$577,557
161,550
223,440
$192,567
1911.
1913,
1910.
1909.
$1,213,139
753,396
$1,085,312
665,524
$967,456
599,723
$459,743
$419,788
43,448
$367,733
40,629
52,680.
the net earnings for the 10 months ending April 30
indicated in our "Railway Earnings Section" for
June 28 being $15,396,630, against $13,862,563 for same
period in 1911-12.
Compare V. 96, p. 1772.
come,
INCOME ACCOUNT.
^ Balance,
p.
76, p. 814, 708;
V.72,p. 187.)
tem.—The
Buffalo General Electric Co.
Dividends
7,600,000
Boston & Maine RR —Pres.
■-
.3,000,000 3,000,000
Surplus
96,
Record
'
$
7,568,375
(Compare V. 87,
p. 1608; V. 85,
10,732,947
Dividend
Mellen
...
—V.
..11,605,121
Cash Dividends (%)— '
1911.
.
$
Capital stock
debt, including these issues, is $25,000,000. ;No new mortgage
placed upon the property without providing that these bonds share
The N. Y. Central & Hudson River RR. Co. guaran¬
tees 8% dividends on $25,000,000 Boston & Albany RR. Co. stock and at
the present market price there is an equity above the bonds of almost
$50,000,000.
These bonds are a legal investment for the savings banks of
Massachusetts and all other New England States.
These are the lowest prices that Boston & Albany RR. Co. bonds have
been publicly offered at for over 30 years.—V. 97, p. 49.
and
bad debts
Assets— :•
,*■
$
$
Liabilities—
Mill, land, power, &c.4,186,004 4,194,457 Capital stock _u_.
Employees' cottages
179,350
176,349 Bonds
Cash
4,096 Open account
6,576
Book debts, &c
905,745
883,821 Bills payable
Inventories
1,922,564 2,087,191 Indirect liabilities.
Bills rec. (discount).
85,032 Sales guaranty
117,988
Miscellaneous
9,048
7,196 Insurance reserve-
...
1,866,431
Bonded
BALANCE SHEET DEC. 31.
Total
1912.
Liabilities—
$
1,982,226
4,379,002
equally in the lien.
291,278
16,466
'
«■
1911.
$
i
can
deductions.2,627,209 2,664,029
Total....
Bond
'•
.
cotton, wages,
"
■
supplies, &c
2,123,315 2,172.462
Taxes., Int., insur.,
repairs and fuel—
316,336
272,054
.
Salaries and general.
Manufacturing profits 382,933
Farm rents, &c:._-_
11,654
3,010,142 2,955,307
Raw
:
$
3,229,666 3,048,084
process..805,361 1,024,885
Total
a sur¬
YEARS.
$
Cloth Sales
Cloth
7,915,820 7,540,241
unamortized
Boston & Albany RR.—-New Guaranteed Debenture Bonds
Offered—N. W. Harris & Co., Kidder, Peabody & Co.,
Blodget & Co., R. L. Day & Co., Estabrook & Co. and
Merrill, Oldham & Co. offered publicly on Monday, to yield
4%%* (°)
101.79 and int., $2,015,000 5% improvement
loan, dated July 11913 and due July 11938; (b) at 102.33 and
int., $3,627,000 5% refunding loan, dated Oct. 1 1913 arid
due Oct. 1 1963.
All these were sold by Wednesday night.
The above bonds are guar., prin. and int. (J. & J.), by en¬
dorsement, by N. Y. Central & Hudson River .RR. Par (c*)
$1,000 and (r*) $1,000, 5,000 and $10,000. A circular says:
declared and also a dividend for the last quarter of 1%, being at the rate
of 4% per annum on the common shares.
The usual
depreciation, bond
interest, reserves and insurance (including that of the
Cloth in
Total
include
.
1913.
7,597,317 7,309,024
a
to Provincial
.
Surplus
.
&c„_
Total
$
280,000
500,000
U'
Preferred shares....
Ste.
of
(writ, off yrly.).
Acc'ts
S
Ordinary shares
6,356,325
4^s In
exp.
lien
pr.
Liabilities-—
$
$
6,619,434
treasury
Disct.
72,832
59,288
74,785
17,110
*164,371
*271,862
18,815
*226,305
*459,145
.
<
1913.
es¬
tate, &c. (cost).
74,694
78,520
Taxes, &c„ accrued.
premium on debt, $690 yearly, and
accrued amortization of capital, $216,494 in 1912,
against $163,681 in 1911
and reserve for bad debts in 1912, $9,121 in 1911.
x After
adding miscellaneous credits, $10,425, and deducting $8,642
for deprec. of capital prior to Jan 1 1909 and $7,067 miscel.—V.
96, p. 1158. ■
unfinished
on
'
Assets—
.
payable
Interest accrued
7,915,820 7,540,241
Total
$222,884
sur.$601'
BALANCE SHEET APRIL 30.
Franchises, real
76,079
GENERAL
$279,249
def.l 1,645.
construction works, $27,088.
1913.
Accts.
51,637
32,464
26,865
______
26,865
deductions
137,035
.
Reserves
bond int. accrued.
Total
Net prof its
Deduct—
Mlsc^laneous
_
Prepaid taxes, &c.._
Special deposit for
$223,485
1910-11.
1911-12.
gen.
and other expenses
i
950,840
64,058
167,004
65,477
36,149
i
Accts.
950,840
385,362
3,724,000 3,724,000
First M. 5s
2,375,000 2,376,000
First ref. M. 5s
813,000
813,000
Notes payable
125,000
25,000
Consumers' deposits
21,340
15,825
6,556,2125,910,071
...
1911.
■
stock
164,637
$277,604
—
Oper., maint., legal,
Capital
<fcc
Cash
Investments
1909-10.
$388,122
1912-13.
Cross profits
tem,
Investments
1912
$
Liabilities—
estate,
plant,
distribution
sys¬
Bills & accts. rec.i
30.
ENDING APRIL
YEAR
$
Real
Cash....
INCOME ACCOUNT
1911.
$
Assets—
$512,423
$152,458
223,440
$463,236
$133,888
,223,440
$408,362
$123,300
223,440
$136,525
$105,908
$61,622
as
Dock East
Dry
Broadway &
Battery Ry.,
N.
Y.—
Receivers' Certijicates.—Judge Lacornbe in the U. S. District
Court
on
Wednesday declined to authorize
6% first lien receivers' certificates
ri further
$140,000
the ground-that theupon by a special master,,
creditors having objected to the issue. See plan V. 96, p. 1628.
matter
would have to be passed
on
THE
July 12 191S.J
&
Fort Worth
See St. Louis & San
Hudson
&
Rio Grande Ry.—Receivership.—
Francisco RR. above.—V. 79, p. 2455.
Manhattan
117
CHRONICLE
RR.—Plan Operative.—Assess¬
Called.—Over 983^% of the bonds and over 953^% of
the stock having assented to the plan of readjustment dated
ment
96, p. 208) and the issue of the new securities
having been approved by the P. S. Commissions of N. Y. and
N. J., the readjustment managers announce by advt. on
another page that (a) the plan has been declared operative,
(b) the assessment of 8^% on stock deposited must be paid
on or before Aug.
1 at the Guaranty Trust Co., N. Y.,
American Trust Co., Boston, or St. Louis Union Trust Co.,
St. Louis, (c) Further deposits of bonds and stock will be re¬
ceived until Aug. 1.—V. 97, p. 49.
Jan. 14 1913 (V.
Pennsylvania or the Baltimore & Ohio, while that of the New Haven is
slightly inferior to the Pennsylvania, but about on a par with the Bal¬
timore &
Ohio.
The time covered is so short, however, that not much
weight should be attached to the result,
local
Rates.—The
freight
rates
of New England
are
slightly higher
but on the whole compare favorably with, the average in official
classification territory; they are lower than those in other parts of the
country except for the commission-made rates in certain States.
The
long-distance rates are lower from and to New England than in most other
sections.
Its passenger fares have been more favorable to the local trav¬
than,
elling public than in any other portion of
The New Haven Company within the
the United States.
last nine years has materialy ad¬
There is no evidence to show
amount, resulting from this increase, but it is probable that this
company could have done business without any advance in its transporta¬
tion charges and have continued to pay its stockholders a dividend of 8%
had it been content to confine itself to the mere operation of its railroad. ■
The Boston & Maine asks to be allowed to make a very substantial in¬
crease in its transportation charges.
This cannot be permitted until we
are satisfied that the increase is necessary and that the property is operated
with economy and efficiency.
Finances.—June 30 1903 the total capitalization of the New Haven
was
approximately $93,000,000, of which $79,000,000 was stock and
$14,000,000 bonds.
The mileage then operated was 2,040 miles. On
June 30 1912 the capitalization, excluding stock premiums, was $417,000,000, an increase or $324,000,000, while the operated mileage was 2,090,
an increase of 50 miles.
While the New Haven operated 2,040 miles in 1903, it owned of this op¬
erated mileage only 438 miles.
During the nine years this owned mileage
was increased by about 800 miles, and the New Haven Company expended
approximately $40,000,000 in acquiring this additionally owned mileage.
It expended during the nine years something over $96,000,000 upon its
railroad for betterments and equipment, making a total of $136,000,000
devoted to its railroad property proper.
This would leave the sum of
$204,000,000 which in nine years had been expended in operations outside
vanced both its freight
and passenger rates.
the gross
,
(Fla.j Traction Co. (of Mass.).—Notes
Offered.—Estabrook & Co. are offering at 99 and int., to
yield 63^%, $500,000 2-year 6% gold coupon notes, dated
Jacksonville
June 2 1913 and due June 1 1915, but
callable
par and int.
Par $500 and $1,000 (c*).
Int.
D. at State Street Trust Co.. trustee, Boston.
as a
whole at
payable J. &
Abstract of Bankers' Statement.
Incorp. in Mass. and does the entire electric railway business
ville, Fla.r serving a population of approximately 70,000.
of Jackson¬
Capitalization—
Authorized. Issued.
First consol. 5s, gold, due 1931 ("issued" includes
$5,000 in treasury)
-$5,000,000 $755,000
Jacksonville Elec. Co. 1st M. 5s, due 1927 (closed
mtge.), 1st consols are reserved to retire these
1,245,000
Two-year 6% gold coupon notes, due June 1 1915
(now offered).
*
500,000
500,000
Pref. stock, 6% cum., par $100 a share
500,000
500,000
Common (paying divs. at 7% per annum)
1,000,000
900,000
Of the $900,000 com., $100,000 is in treasury.
Par $100 a share.
Proceeds from the sale of these notes will provide funds for retiring the
•
company's entire floating debt (incurred for extensions and improvements)
and for further extensions and improvements made necessary by the de¬
mands of an increasing business.
Earnings of Property for Calendar Years.
1903.
1906.
1909.
1910.
1911.
1912.
$248,650 $326,468 $486,778 $576,081 $567,548 $562,537
Net (after taxes)
82,707
124,630 186,367
229,273 219,100 184,026
Gross.
Results
Gross
for the 12 Months ending April 30 1913.
earnings
Net, after taxes.
...
$579,1681 Bond interest.
.
$99,038
188,032(Mortgage improvement fund 12,450
.1
Balance—
$76,544
,»
this issue of notes—
$30,000
earnings are 2 H times interest charge on this issue of notes and
are increasing satisfactorily.
This showing is made in spite of a loss in net
earnings of approximately $50,000, due to a strike of employees, which was
settled satisfactorily in Nov. 1912.
The earnings under normal conditions
would have been 4 times interest charge on these notes.
Dividends on the pref. stock (including Jacksonville Eleb. Cp. (the prede¬
cessor co.) without interruption at 6% per annum since Feb. 1 1903; divi¬
dends on common stock 6% per annum from Aug. 1 1905 to Aug. 1 1910,
When the rate was increased to 7% per annum, as at present.
Interest charge on
Present
Property.—45 miles of track, serving the city satisfactorily; 21 open, 64
closed, and several miscell. cars;
two power stations on the water front',
combined capacity 5,700 electrical h. p., the larger completed in 1912; two
parks of 10 acres and 43 acres; franchise, favorable in terms, expires in 1932.
Statistics as to Jacksonville, the Largest City in Florida.
City Population
Suburbs Bldg. Permits P. 0. Receipts
——Sank Clearings
(U.S. Census.>
(Est.
Since 1901.
1900.
1912.
1900.
1912.. •
1880.
19Q0.
1910. 1913).
S
S
$
$
7,650 28,429 57,699 7,500 over32,00Q,000 86,838 511,332 12,733,048 168,442,389
The Federal Government has completed a 24-foot channel from the
city's wharves to the sea at a cost of $4 ,000,000, permitting vessels of large
tonnage to use the docks, and this channel is how being deepened to 30 ft.
The exports in 1911 were four times those of 1906, and the city is one of the
most important wholesale distributing centres of the South.-—V. 92, p. 1546.
Manchester (N. H.) Trac., Lt. & Pow. Co.—Merger.—
Nashua Light, Heat &
Power Co. under "Industrials" below.
sphere.
general conclusion is that these outside financial operations have been
The present management started out with the
purpose of controlling the transportation facilities of New England.
In
the accomplishment of that purpose It bought what must be had and paid
what must be paid.
The Rhode Island Co. [which the Commission finds
involved an outlay of "$13,500,000 for nothing," meaning presumably
nothing besides the control—Ed.], the N6. Y. Westchester & Boston Ry.
which the Commission says is valued as tangible property at something
less than $22,000,000 and cost almost $34,000,000, the remainder presum¬
ably covering franchises, cost of litigation, &c.—Ed.], the Billard transac¬
tion, thp purchase of the Connecticut trolleys and the Massachusetts
trolleyS'all sprang from the same purpose.
Some of these investments have
been Jess costlv than others; perhaps those expressly referred to may be
its railroad
the>extreme cases, although the purchase of
made in defiance of the law of Massachusetts
'
Mexico
™
1787.
part of
Tramways on lodging the same
Bishopsgate, London, E.G., will receive sheets or new coupons
Mexico Electric Tramways, Ltd.", is leased to Mexico Tram¬
ways Co., which owns all the $1,000,000 share capital, part of the £400,000 A debenture 5s and all of the £321,000 B debenture 5s (compare
34
and talons.
V. 82, p.
1212), V. 96, p. 1620.
New Orleans Texas & Mexico
RR.—Receivership.—This
subsidiary of the St. Louis & San Francisco was on July 5
placed in the hands of Vice-Prest. and Gen. Man. A. D.
Lightener, of New Orleans, as temporary receiver.
An¬
drews, Ball & Streetman of Houston, General Attorneys for
the St. L. & S. F. in Texas, gave out the following:
We
are
advised that the U. S. District Court for the Eastern
Division
of Louisiana, upon
application of J. W. Thompson, a creditor,
en¬
tered an order appointing A.'D'. Lightener* of New Orleans temporary
receiver of the company and authorized and directed him to file a bill in the
Federal Court in Texas asking to be recognized as receiver of the property
to-day
and also to have a
Lake & Western Ry. Co. and
corporations.
Bills have been
prepared in accordance with such directions and filed in the Federal Court
at Houston asking for the appointment of receivers of said roads. . [On
July 9 Frank Andrews of Houston and John D. O'Keefe of New Orleans
were made receivers of the Beaumont Sour Lake & Western Ry. and the
of the New Orleans Texas & Mexico RR. Co. in Texas
receiver appointed- for the Beaumont Sour
the Orange & Northwestern Ry. Co., Texas
Orange & Northwestern Ry.—Ed.]
* ' .*
[These various properties and also bonds of the St. Louis Brownsville &
Mexico RR., &c., are covered by the New Orl. Texas & Mexican division
mtge. of the St. L. & San Fran.
See V. 96, p..203; V. 90, p. 699, 1677;
V. 91, p. 1328; V. 94, p. 1317; V. 95, p. 750.]—V. 93, p. 667; V. 95, p. 111.
:
New York New Haven & Hartford
Commission.—The
Inter-State
RR.—Report of I. C.
Commission on
Commerce
Wednesday made public its report of 30,000 words, written
by Commissioner Charles A. Prouty, touching railroad con¬
England, being the result of an investigation
which began early in 1912 to determine the justice of nu¬
merous complaints as to freight serviee, but which has taken
a far wider
range, covering (1) service, (2) rates, (3) finances,
(4) the remedy.
Some of the leading conclusions follow:
ditions in New
Passenger
Train
Service.—Upon
the
whole the record shows that the
Serformancethatthe passenger systemof the Newin the State of New York,
etter than
of of
other trains
operating Haven is good, distinctly
any
while that upon the Boston & Maine is fully equal to that upon any New
York system.
What has been said does not apply to the character of the
passenger equipment, which contrasts as follows:
New Haven. B. & M. Penn. RR. Phil.&R. Ch.&A.
Passenger cars, number-2,310
2,007
3,366
994
207
do
with vestibules, No.._
341°
179
2,066
163
124
Steel passenger cars, No
28
None
1,458
116
None
Train
Service.—The
statements" furnished show that the
of the Boston & Maine is much less reliable than that of either the
Freight
service
substantial value, and in many instances are a kind of property the
The financial condition of the company
and prudent action, but gives no occasion,
value of which should improve.
calls for careful consideration
hysteria.
& Maine Capital Needs
for
Boston
-
„
Within Nert Five Years.—An estimate
company's engineer totals $73,000,000^ including $15,equipment.
The largest single item given is for the aboli¬
furnished by the
000,000 for new
grade-crossings—$10,000,000—and the engineer testified that this
complete work of that kind already under way
requirements. There are many other large items of
almost equal necessity.
There can be no doubt that in the near future a
very considerable sum must be expended upon this system.
Need of "Rest and Constructive' Work."—What is needed first of all to
improve the railroad situation in New England is rest and an opportunity
for constructive work.
There is much truth in the claim of these carriers
that they have been so occupied with investigations and so criticised by
the public that no fair opportunity has been given for the operation of their
railroad properties.
Any betterment of railroad conditions in New Eng¬
land, however, must begin with the assurance that the New Haven manage¬
ment will act not only prudently but, above all, within the letter and the
tion of
would be required to
sum
and to meet statutory
spirit of the law.
Should
Divest
_
opinion the New Haven
Itself of Trolley Lines.—In our
trolley lines.
The acquisition of trolley lines as
well as steam lines which are competitive is already prohibited, but this
does not reach the root of the matter.
The trolley lines in a city like
Providence, considered by themselves, are not in competition with the
New Haven RR., and the acquisition of these lines might not be in viola^
tion of the Sherman Act.
But if these trolleys are controlled by the New
Haven Company, and if the trolleys of similar cities along its lines also are
controlled, this effectively prevents the construction of other lines which
will in the end produce a competing system.
Boston & Albany Agreement.—In our opinion this line should be kept
entirely free from New Haven control.
The agreement (V. 92. p. 1179),
which severs that property from its intimate connection with the New York
Central and makes the New Haven an equal partner in the result of its
operation, must of necessity, as a matter of fact, although not in terms,
make the New Haven potential in its operation.
Such an agreement is
violative of the spirit of the statute against the restraint of competition and
should, we think, be canceled.
•
We desire carefully to refrain from expressing any opinion as to the legal
quality of this agreement, and we repeat that many of the things provided
for, such as the establishment and operation of through routes, are in the
public interest and should be done with or without the agreement.
Control of B. & M.—Whether the so-called merger between the New
Haven and Boston & Maine is in violation of the Sherman Act, and whether
steps should be taken to dissolve that connection for this reason, are ques
tions which dp not concern this Commission and upon which no opinion
whatever is1 expressed.
[Commissioners Clements and Marble add a sup¬
plementary note in which they hint that a proposition to dissolve the
merger between the New York New Haven & Hartford and the Boston tin
Maine railroads might well be put up to Congress.—Ed.]
If the New Haven Company is permitted to remain in control of the
Boston & Maine system,,there will exist an almost exclusive monopoly of the
transportation facilities by railroad in the greater part of New England;
It would seem that if this monopoly is suffered to exist there must be some¬
where a [ Federal] power of regulation co-extensive with the monopoly.
General Conclusions— I. Every inter-State railroad should be prohibited
from expending money or incurring liability or acquiring property not in
the operation of its railroad or in the legitimate improvement, extension or
development of that railroad.
2. No inter-State railroad should be permitted to lease or purchase any
other railroad, nor to acquire the stocks or securities of any other railroad,
nor to guarantee the same, directly or indirectly, without the approval of
should divest itself of its
Tramways.—New Coupons, Etc.—
Holders of debentures of Mexico Electric
at office,
the Boston & Maine stock,
and, perhaps, of the Federal
the most disastrous of all.
Present Status.—To avoid any misapprehension, however, which may arise
from this part of our report, it seems proper to add that, while the financial
operations of this company have resulted in heavy losses, there is nothing
to indicate its solvency has been impaired.
The books of the New Haven
indicate that that company has expended in the last nine years upon its
road and equipment over $50,000 per mile.
While this expenditure has been made with a free hand, there is nothing
to show that it has not been wisely made and much to indicate that the
result has fully justified the outlay.
The outside properties of the New
Haven have been acquired at extravagant prices.
They are for the most
statute, may prove
See
—V, 93, p.
,
..
Our
wasteful in the extreme.
„
the Federal
Government.
j
^
.
■
,
bonds should be issued by an mter-State railroad except
sanctioned in the two preceding paragraphs and none
should be issued without the approval of the Federal Government.
[See decision in full in "Boston Evening Transcript'
of July 9. On
Thursday the Commission gave out its decision holding the company re¬
sponsible for the recent collision at Stamford.]
3.
for
No stocks or
the
purposes
Decision
mission
on
as
to
Company's Commutation Rates.—The Com¬
July 9 announced a
decision holding:
fares from points in Connecticut into N. Y. City are
not unreasonable except in the 25 to 35-mile zone.
Taking Riverside, 30.6
miles from New York, as a basis for fixing fares in this zone, the Commission
finds that the fare, now $10 30, should not exceed $9 25- The withholding of
the reduced rate 50-trip family tickets from Connecticut commuters while
extending this privilege to New Yorkers is held to be a discrimination.
Contrasted with rates between N. Y. City and points in Pennsylvania
and New Jersey, the New Haven's commutation fares are lower than the
rates on the-Pennsylvania, but the difference is made up by a greater
The commutation
patronage over the
New Haven lines.—Y. 97, p. 50.
"
118
CHRONICLE
THE
[Vol.:
_L
Northern Pacific Ry.—Offering of $lto,000,000 One-Year
6% Notes.—The First National Bank, the National City
Bank and J. P. Morgan & Co., all of New
York, offered pri¬
vately on July 9, and have wholly sold, the new issue of
"One-Year 6% Gold Notes," authorized and outstanding
$10,000,000, dated July 9 1913 and due July 9 1914.
Int.
payable J. & J. 9.
Par $5,000, $10,000, $25,000, $50,000
and $100,000.
Issue price 99%.
A circular says:
San
Francisco-Oakland Terminal Rys.—Plan.—The
plan for the funding of the $2,500,000 notes of the Oakland
Railways Co. which matured June 12 1913 (V. 96, p. 1702,
1773; V. 97, p. 50), involves, as we learn
authoritatively.
(1) The organization of a new company with the same amount of
capital
as the San
Francisco-Oakland Terminal Rys., namely:
$14,600,000
$9,200,000 "A" pref. and $1,000,000 "B" pref.
Holders of pres¬
ent "A" pref. are offered an
equal amount of new 6% pref., cumulative
after Aug. 15 1918; holders of
present "B" pref. an equal amount of
6% noncum. 2d pref., and holders of old
common an equal amount of new
common.
(2) The issuing of $4,000,000 of a new $6,000,000 issue of
5-year 6% notes
to meet the expenses of the
plan, refund the $2,500,000 past-due notes
and pay the floating debt of the San
Francisco-Oakland Terminal Rys.
The final $2,000,000 notes will be
reserved for issue if
necessary in the
future to provide for betterments and
extensions.
stock
common,
A
direct general credit obligation of the Railway
Co., which on June 30
1912 owned 6,297 miles of line, and operated a total of
6,742 miles, extend¬
ing from St. Paul, Minneapolis and Duluth to Portland, Tacoma, Seattle
and other points on the Pacific Coast, with numerous branches
serving the
grain fields of Minnesota, Dakota and Southern Manitoba, the mining
districts of Montana and Idaho and the timber
territory of the Pacific
Slope in Washington and Oregon.
Total bonded debt (excluding the C. B.
& Q. Joint Stock Collateral
4s) June 30 1912 only $27,500 per mile of line.
The railway has outstanding, junior to these notes,
$248,000,000 capital
stock, on which dividends have been maintained at the rate of 7% per an¬
num since
1905.
The value of the stock at current market quotations
would indicate an equity behind the notes of over $260,000,000.
Earnings
(1)
Years
ending June
(2) Eleven
30, Fixed Charges
Months 1912-13.
(1) Years—
1909-10.
Income available for fixed charges
Interest and rentals
Surplus available for dividends
(2) 11 Months endingMay 31—
Gross earnings.
Net earnings after taxes
—-V.
96.
1702,
p.
1911-12.
San Francisco
,
•
1298.
St.
on
bonds.
This is
one
follows:
power
The advantages that will
accrue
to
a
a
better basis.
dividend policy noted..
.
.
The actual earnings of the company have never been
better, and its
growth is well shown by tjie number of connected customers, as follows:
Dec. 31—
1907
1909
1911_...
1912—
Gas.
Electricity.
122,304
140,670
177,510
.196,133
-
55,704
71,643
102,198
116,666
.
Water.
5,263
5,939
.
Total.
183,271
218,252
287,106
320,870
7,398
.
8,071
Officially Reported Earnings for Five Months Ended May 31 1913.
Gross
Net
$6,796,0891 Interest
2,989,5091Pref.
_
_
T
div. requirement-__
fc
$1,580,894
250,000
Balance (common div.requirements, 5% for
5mos.,$667,000)_$l,158,614
Compared with the corresponding months of the .preceding
year, the
gross earnings show an increase of $557,233, and the net an
increase of
$139,568.
These gains were obtained notwithstanding the fact that sub¬
stantial reductions in rates for both
gas and electricity were made
during
the last 12 months, which amounted to a reduction of
more than $1,000,000
in gross revenue, and also a strike on the construction
work, which materially
increased the operating expenses during a part of the time.
The passing of the dividend on the common stock will be
a
disappoint¬
losses sustained by
ment to many stockholders, but we believe that
any
the temporary cessation of dividends will be more than
offset by increased
value of the stock when the company's present
pleted and the dividends
construction work is
are
crease m
■
The work that has been done on this
development has been paid for out
of surplus earnings, the
company having anticipated no difficulty in selling
securities and so reimbursing itself for these
expenditures.
This being im¬
practicable, it was decided to adopt tor the present the very conservative
com¬
resumed.—v. 97, p. 55.
on
By an agreement entered into between the Pennsylvania RR.
Co., the
Baltimore & Ohio RR. Co., the Belt Line RR. Co. and the
City of Phila¬
delphia yesterday, all grade crossings are to be abolished in South Philaphia; the Pennsylvania and Baltimore & Ohio RRs. will sell their
piers at
Greenwich Point and Snyder Ave. to the city and
upon the Delaware River
front, on what is now marsh land adjoining the Philadelphia Navy Yard
on the north, there will be constructed
great municipal and railroad freight
and ocean terminals with facilities
unsurpassed in America.,
'.
The cost of these improvements will be borne
jointly by the city and the
railroads.
The estimated cost is $18,758,200, and of this the
city's share
will be $9,796,400, including $60,000 for the Belt Line RR.
extension; the
Pennsylvania's share will be $7,057,000 (net) and that of the Baltimore &
Ohio
$1,904,800 (net).
The estimated cost to the city in purchasing
the Greenwich piers is $2,300,000 and the cost of the
piers of the Baltimore
& Ohio RR. is placed at $1,000,000.
Belt Line RR. rights are maintained
by the agreement, which provides for completion of the road, with a
change
of route and an open gateway over the
Pennsylvania and Baltimore & Ohio.
[The cost of Washington Ave. branch of the Phila.
Wilmington &
Baltimore RR. is estimated at $2,433,000; cost of Delaware extension
Penn.
RR. and joint 4-track line 29th St. and
Passyunk Ave. to Bigler St., $6,924,800; total cost to Penn RR., $9,357,800, less sale of water front
prop¬
erties, $2,300,000; net, $7,057,000.—Ed.l
About 4,000 acres of marsh land south of
Oregon Ave. will be reclaim
for home and factory sites.—V.
97, p. 50.
Quebec Railway Light Heat & Power
Co.—Coupons,
—The Montreal "Financial Times" on
July 5 said:
dec.
..There has been no change in the situation during the past week
except
is announced
unofficially, but apparently on good authority, that the
stamp tax of $3,000 necessary to
keep the stock listed on the Paris Bourse
will not be paid and
that there will be no
quotations there after July 7.
As traffic
receipts are now coming in very
heavily, at the height of the
tourist season .there seems
to be little doubt that all
coupons will be duly
cashed within the 90
days grace. In the
meantime, coupons presented by
notaries appear to be
getting the preference and the ""Financial Times"
rwommends this method to
bondholders desirous of a prompt settlement
©f their
interest claims. [On or about June 27 word was received in Mon¬
treal from Quebec that no more
payments oh the overdue bond interest
would be made for several
days.]
Compare V. 96, p. 1840.
that it
.
Fran,
on
re¬
the
interest then due $12,147,106
Andrews, Ball & Streetman,
Mr. Ball is of the firm of
the
revenue of the company occasioned
by local conditions in the
territory traversed by the road.
[The bonds are pledged as
part security
for St. Louis & San Fran., New
Qrl. Texas & Mexico division, bonds.
Compare New Orleans Texas & Mexico RR. above.]—V. 96,
p. 1557.
St. Louis & San Francisco RR.—New
Receivers.—The
Federal Court at St. Louis on
July 7 appointed Vice-President
William
C.
Nixon and
William M.
Biddle
as
co-receivers
(with Thomas H. West), to succeed B. L. Winched, who
resigned to become Director of Traffic of the Union PacificRR.
At Dallas on July 5 Federal
Judge Meek appointed Avery
H. Turner of Amarillo and G. S;
Schleyer of Fort Worth as
receivers for the three north Texas
lines, namely, the St.
Louis San Francisco & Texas, the Brown wood
North &
South and the Fort Worth & Rio
Grande, on petition of the
receivers of the parent company." •
•
•
•
•
Receivers
for Roads of New Orleans Texas & Mexico Div.—
See New Orleans
Texas & Mexico R.R. and St. Louis
Brownsville
& Mexico R. R. above and compare data as to St. Louis &
San Francisco
bond issues on this divisrbn page 114 of "Railway & Industrial
Section."
Time Extended.—The time for
deposit of the ($2,880,000)
1st M. 5% bonds of Ozark & Cherokee Central
Ry., maturing
Oct. 1913, which expired July 8, has been extended to
Aug. 1*
The depositaries are the Girard Trust Co. of Phila. and the
Columbia-Knickerbocker
V. 96, p. 1630,
Trust.
1703.—V. 97,
Co.
.
Scranton & Wilkes-Barre Tract.
See Westinghouse
V. 96, p. 1703.
Elec.
&
Mfg.
of
N.
Y.
Compare
50.
p.
Co.
Corp —Security Pledged
under
"Industrials"
below.—
"
United
Properties Co. of California.—Default July 1
Company's $11,234,000 Interim Bond Certificates.—The
in
"San Francisco Chronicle" on July 1 said:
'
on
_
_
Pennsylvania RR.—■Agreement with City-of Philadelphia.
—1The "Phila. Ledger" of July 8 summarizes as follows the
effect of an agreement entered into on
July 7:
;
made
was
secured, held by various persons, who are
threatening suit:
•
The inability of the railroad
company to meet its obligations is shown
temporary, caused by increased expense of
operation, due to increase
in the
price of labor and the cost of material ana other causes and a de¬
hydro-electric
$5,000,000 ten-year
6% debentures to pay for this construction work. Since the authorization
of these debentures, the market for securities has
been growing worse
steadily, both in this country and abroad, and the company found itself
unable to negotiate the sale of these securities excepting at extravagant
rates.
The company, therefore, decided to sell
$4,500,000 one-year 6%
notes, which are expected to take care of its financial
requirements until
market conditions have improved and the
requirements can be financed on
RR.—Receivership.—
to be
the company through
increased power
supply and lower cost of power are obvious.
The California RR. Commission recently authorized
Mexico
stallment of interest due on said bonds June
1 1913 and that default has
been declared by the trustee for the
bondholders.
The petition also shows
that there is also a large amount of other
indebtedness, secured and un¬
A
of the lowest unit costs in the United States for
development.
&
attorneys for the road, who gave out a statement
saying:
A bill was filed this
morning by the St. Louis Frog & Switch Co., a creditor,
applying for the appointment of a receiver for the properties of the
company.
The bill alleges the issuance of bonds to the
extent of $12,147,105 98,
the fact that the company has been unable to
meet the semi-annual inter-
& Electric Co.,
to Omission
officially in¬
large storage reservoir calculated to supply an-ulti¬
mate capacity of 153,000 h. p. in six
developments is under construction.
A substantial portion of this
development has been completed.
One power
house is being equipped for 53,000 h. p. of
generating machinery.
The
cost per horse-power of this
development is estimated to approximate $110,
including a further part of the development for the ultimate 153,000 h. p.
as
Brownsville
on
ground of default June 1
Rys.—Plan to Fund Notes.—
The company has undertaken development of
hydro-electric
the South Yuba and Bear rivers, regarding which we are
formed
new
are
July 5 Frank Ball of Houston
this subsidiary of the St. L. & San
ceiver of
San Francisco.—Bankers'
of Dividend on Common Stock—Notes
Sold—William P. Bonbright & Co. July 7 1913 wrote:
as
Louis
At Houston
See San Francisco-Oakland Term. Ry. below.—V.
97, p. 50.
Pacific Gas
notes
Terminal Rys. antpthe latter then
exchanged for shares of the new company.
It is proposed to provide for the
$1,100,000 notes of the Oakland Terminal
Co., due Aug. 20 1913, by issuing new five-years and
six-months' notes
secured by the same collateral as the
present notes.
The primary security
behind these notes is $5,000,000 1st M.
bonds of the Oakland Terminal Co.
and the secondary
security is the equity in the collateral behind the
$2,500,000 issue of past-due notes.
(See V. 95, p. 619, 544.)
The committee urges the shareholders to
accept the plan as offering the
best terms that can be secured.—V.
96, p. 1630, 1298. v:
22,370,020
5% bonds to complete the road from
Bay Point to Sacramento, making the amount outstanding
$4,000,000 (authorized issue $5,000,000).
The first train to
cover the 91 miles, Sacramento to
Oakland, arrived at Oak¬
land on July 2.—V. 96, p. 1840, 1773, 1630.
Statement
the
of the Oakland Traction and the San
Francisco Oakland & San Jose Con¬
solidated shall first be exchanged for shares of
the San Francisco-Oaklnad
000 additional 1st M.
,
bonds).____ 4,000,000
company will be held in a voting trust to continue
paid and voting trust certificates will be issued to
holders of stocks making the
exchange. The plan provides that the shares
The shares of the
until
Oakland Antioch & Eastern Ry.—Bonds.—The Cali¬
fornia RR. Commission has authorized the issue of $1,000,-
Oakland (Cal.)
1 413 000
000 common.-.24,800,000
San Francisco-Oakland Terminal
Rys. notes (secured by all the
stock of Oakland Terminal Co. and
$4,500,000 of
1910-11.
1911-12.
*
1912-13.
$59,852,579 $57,909,507 $66,651,916
20,354,881
$1,843,000
Reorganized San Francisco-Oakland Terminal
Rys. entire stock"
viz.: $9,200,000 "A"
pref., $1,000,000 "B" pref. and $14,600,-
$29,475,201 $27,668,506 $26,870,945
7,178,942
7,226,239
7,207,130
22,296,259
20,442,267
19,663,815
20,910,949
Proposed Security for New 5-Year 6% Notes.
5% bonds
Oakland'& San Jose 5s
±.
Oakland Traction Co.
Times '
Earned Four
1910-11.
xcvii.
„
.
The security holders of the United Properties Co. will learn in a
letter
no dividend is to be
expected from
that source at this particular time.
The letter in which all this and
from the Hanford Investment Co. that
the
circumstances surrounding are explained in full is as follows:
"It is a matter of common knowledge that, because of certain
differences
between the controlling owners of the United Properties Co. of
California,
largely due to the failure of F. M. Smith to deliver to the company certain
securities which he obligated himself to deliver to it (and for which he has
been fully paid), the issuance of the company's 1st M. bonds has been de¬
layed, and his refusal to co-operate has served temporarily to defeat the
closing of favorable financing arrangements.
"The interference with the company's plans above referred to has been
further augmented by the recent assignment by Mr. Smith of all of his assets
to a trust company for the benefit of his creditors and the
existing financial
stringency.
Under these conditions, the company finds itself unable to
provide funds for the prompt payment of the interest, due July 1, proximo,
on
its $11,234,000 outstanding'interim bond certificates, interest
upon
which it has heretofore paid promptly as it became due.
However, there
are excellent grounds for regarding this situation before Us as<
temporary
in character, and the prospects for an early adjustment of its
affairs are
most encouraging.
The present indications fully justify us in
expressing
confidence that in a very short time the United Properties Co. will
not only
be able to take up its interest default, but also to properly redeem its
over¬
due promise to issue its "first mortgage and collateral trust
coupon bonds"
in redemption of the outstanding interim bond certificates.
"We have satisfactory assurances that the holders of over
$10,000,000
of the $11,234,000 outstanding interim certificates are
willing to tempo¬
rarily waive receipt of the interest due them on July 11913, and we earnestly
solicit your concurrence in their action.
The assistance so rendered will
enable the company to shortly replace the certificates you now hold
with
properly issued and secured coupon bonds and to create such a market
therefor as will enable you to realize on your investment whenever it
shall
please you to do so."
-
Reorganization Plan for Subsidiary Co.—See San FranciscoOakland Terminal Ry. above.—V. 96, p. 1775, 1703.
INDUSTRIAL,
Abitibi Pulp
GAS AND MISCELLANEOUS.
& Paper Co.,
Ltd., Montreal and Iro
quois
Falls,
Ont.—Pref.
Stock—Status.—N. B. Star]
& Co., Montreal, New York, Toronto
(Murray; Mathe
July 12
Boston, are placing the remaining $500,000 of
$1,000,000 7% cum. convertible pref. stock at
95, with 50% bonus in common stock.
A circular reports:
& Co.) and
the present
Authorized.
Capitalization (Par of Shares $100)—
Pref.
Issued.
(p. & d.) stock, 7% cumulative (after Jan. 1
$1,000,000
3,000,000
1,500,000
6% first mtge. 20-year bonds
1,000,000
& J.
Interest at 6% per annum, in lieu of dividends, will be paid J.
to all subscribers on the installments as paid, until such time as the
plant
is in operation, which will be about January 1914.
*
Directors: F. H. Anson (Prest.), Shirley Ogilvie (Vice-Pres. & Treas.),
D. Lome McGibbon and Sir Thomas Tait, Montreal; James Playfair,
Midland, Ont.; Geo, E. Challes, W. K. George and J. A. McAndrew (Sec¬
retary and counsel), all of Toronto; Hon. George Gordon, North Bay, Ont.
Abstract of Letter from Pres. F. H. Anson, Montreal, May 28 1913.
Incorporated (late in 1912) under Canadian Cos. Act, and is building a
pulp mill at Iroquois Falls, Ont. for the manufacture of ground woodpulp.
Present issued capitalization will construct the plant and provide $500,000
working capital.
The $1,000,000 bonds (underwritten) will not be of¬
fered for some time.
The unissued bonds and stock will be issued to pro¬
vide for plant additions when the company decides to manufacture sulphite
pulp and paper.
Has pulpwood license from Prov. of Ontario running for
21 years from first cutting on 1,000,000 acres, lying around Lake Abitibi
and along the Abitibi River and its tributaries > in District of Temiskaming,
Northern Ontario.
Nat. Transcontinental Ry. passes through the north¬
ern portion and Temiskaming & Northern Ont. Ry. about 6 miles to west.
License gives the company the right to cut pulpwood to supply its mills
on annual payment of $5,000 (first five payments made) and 40c. per cord
for spruce and 20c. per cord for other woods cut.
The forests (all virgin)
will, it is estimated, supply for 80 to 90 years a mill producing each year
50,000 tons of ground woodpulp.
Also has offering to it by settlers suffi¬
cient pulpwood to provide practically its full requirements.
On the Abitibi River in these limits there are three falls available for a
,
total development
192
of 57,195 h. p., of which 20,475 h. p. at Iroquois Falls.
June
—6 Mos. end. June 30—
1913.
496,134
1,132,050
Ahmeek
Tamarack
Royale
subsidiaries
Other
Total
—V. 96, p.
5,507,890
1,368,400
1,210,340
574,710
666,041
1,130,319
9,743,351
Osecola
1912.
4,809,797
1,424,640
1,281,960
598,770
Calumet & Hecla
Isle
1914).
Convertible at any time at holders'
option Into common stock, par for par
$1,500,000
Common stock
3,500,000
119
CHRONICLE
THE
1913.]
10,457,700
1913.
1
„
1912.
29,786,127
9,063,270
7,913,645
3,673,265
3,326,324
6,558,768
36,493,946
8,381,840
7,817,565
4,058,200
3,986,315
5,667,455
60,320,399
66,405,321
1090.
Chesapeake & Delaware Canal Co —Earnings.—
•
Other
Total
Exp. &
Net
Int. on
Bal.,
Tolls.
Rev.
Rev.
Maint.
Rev.
Mtg.Loan. Surp.
1913
$186,941 $4,250 $191,191 $72,862 $118,328 $104,118 $14,210
164,571
4,241
168,812
59,814
108,998
104,118
4,880
—V. 90, p. 1556.
•
Year end.
Rev. from
May 31.
,
Cleveland
(O.) Electric Illuminating Co .—New Stock.
—The company on July 2 increased the limit of its auth. issue
of capital stock from $10,000,000 to $15,000,000.
Digest of Official Circular Dated at Cleveland, May 29 1913.
Our expenditures for
improvements and extensions to generating stations,
(overhead and underground) aggre¬
sub-stations and distributing systems
gated in 1910 $1,524,521, in 1911 $3,076,895 and in 1912 $2,047,354, aver¬
aging about $2,000,000 annually.
To provide for the same the company
has issued $2,630,000 of its 1st M. 5s and $3,935,500 com. stock.
The
amount of stock now outstanding is $9,603,200, of which $800,000 is pref.
The present bonded debt is only $6,500,000.
Having in mind the import¬
ance of constantly providing facilities well in advance
of immediate de¬
mands, it will be realized that an increase of $5,000,000 in the auth. capital
stock is a reasonable amount, the same to be issued from time to time as
requirements demand.
The gross earnings for the four months of the
increase of 26%.—V. 96, p. 1158, 288.
the
current year show an
Consolidated
Coppermines Co., N.
Y.—Bonds.—The
Company holds the water powers at Iroquois and Couchiching Falls under
lease from Province of Ontario for 20 years from Aug. 20 1912 at yearly
rental of 50c. per horsepower up to 4,000 h. p. and 35c. per horsepower
directors have voted to offer $2,500,000 7% 15-year convert¬
above 4,000.
Lease is renewable for two periods of ten years.
An un¬
failing supply of water is assured from Lake Abitibi, superficial
area
355 sq. miles, over which it is possible, by one storage dam, to maintain
the water at a height of 7 feet.
Initial cost of these developments is ab¬
normally low, owing to natural formation.
Present installations, expected to be in operation in Jan. 1914, located
at Iroquois Falls, southwest corner of limits, 6 miles from Temiskaming &
North. Ont. Ry., to which a branch line is being constructed, viz.: (1) Pulp
mill, capacity 150 tons of ground woodpulp per day.
(2) Power plant,
capacity 20,475 h. p., of which 16,500 h. p. will suffice for present proposed
capacity of pulp mill.
Hydraulic engineering and construction under su¬
pervision of Henry, Holgate, of Montreal; pulp mills construction under
supervision of George F. Hardy of New York.
Assets: Plant (at cost), $1,350,000; working capital, $500,000; water
powers (as valued by Henry Holgate of Montreal), $979,000; pulp limits
(4,800,000 cords at 50c. a cord on the stump), $2,400,000; total, $5,229,000.
Earnings.—With output of 45,000 tons of ground woodpulp, the com¬
pany's annual profit, taking as a basis the average selling price for ground
woodpulp for last year andthe cost of manufactiireas given by our experts,
It is expected, will be not less than $340,000, after providing for all over¬
head charges, depreciation, &c.
Deduct bond interest and sinking fund
($90,000); pref. stock dividends ($70,000): $180,000 balance available
for the common stock, or equal to 6%.
The demand for ground pulp¬
wood is almost unlimited.
Win. Whyte, the General Manager, is a prac¬
tical pulp and paper manufacturer.
1
:
*
;
Subscriptions, it is stated, will be payable in four installments extending
a period of 18 months, the final payment being due on Feb
1 1915.
Bonds redeemable by lot at 110% with acccrued interest on any interest day.
The deposits under the plan were recently reported as follows:
Giroux
Consolidated, 1,152,761 shares out of 1,441,420 shares outstanding; Butte
& Ely, 341,817 out of 500,000 shares; Coppermines Co , 363,000 but of a
total of 381,178, and Chairman, 755,745 out of 860,821 shares—V
96,
p. 1632.
,
•
American Piano Co.—Status.—As of
July 8
have the
we
following authoritative statement regarding this/company,
which was formed in 1908 by the Chickering, Knabe and
Foster-Armstrong interests.
The business for the present year shows a marked
sales and net profits over the corresponding period'of
increase in both net
1912.
Dividends of
7% per annum have been paid regularly since organization upon the pref.
stock (now $3,858,000), and in addition there had been accumulated a cash
surplus amounting Dec. 31 1912 to $707,000.
The company has no funded
debt and no financing or management changes are contemplated at present.
Those connected with the company are confident as regards its future,
and have not hesitated to increase their holdings of stock.—V.
*
American Water-Works & Guarantee Co.,
Pa .—Receivership.—The
96,
p.
1545.
Pittsburgh,
First-Second Nat. Bank of Pitts¬
burgh, with which the controlling interests in this company
were closely identified, was on July 7 closed by order of the
Acting Comptroller of the Currency, as stated under "Bank¬
ing; Legislative and Financial News" on a preceding page.
To protect the holdings of this company, the aforesaid inter¬
ests thereupon obtained, through Federal Judge Orr at Pitts¬
burgh, the appointment of James S; Kuhn (Pres.), W. S.
Kuhn (Vice-Pres.), and J. S. Purdy (Gen. Mgr.), as re¬
ceivers for Amer. Water-Works & Guar. Co.
v
Judge Orr in the U. S. District Court at Pittsburgh
July 9 appointed receivers for allied companies as follows:
on
United Coal Co. (V. 96, p. 1770;V. 95, p. 1547; V. 92, p. 1706), James D.
O'Neil, William K. Johnson, Thurston Wright and Robert P. Watt.
Merchants' Coal Co. (V. 92, p. 1705; V. 90, p. 630; V. 80, p. 716), Messrs.
Watt, Wright and Johnson.
Pittsburgh & Baltimore Coal Co., Messrs. O'Neil, Watt and Johnson.
Isabella-Connellsville Coke Co. (V. 91, p. 1773), Samuel A. Gilmore and
Messrs. O'Neill and Johnson as receivers.
Naomi Coal Co., Thurston Wright and Messrs. Johnson and Gilmore.
Somerset Smokeless Coal Co;, Messrs. Watt, Gilmore and Johnson.
Compare financial statements in V." 96, p. 1769, and
V. 95, p. 1537; also Great Shoshone & Twin Falls Water
Power Co. below.—V. 96, p. 1841, 769.
■;
Braden
Copper Mines
ible bonds at par to
stockholders
pro
rata.
over
Dominion Glass Co., Ltd., Montreal.—Bonds Sold.—
Lee, Higginson & Co. have sold at 97H, to yield 6.20%, the
$1,000,000 1st M. 6% sinking fund gold bonds dated June 2
1913 and due June 2 1933.
•
#
of Letter from Pres. G. A. Grier, Montreal, June 6 1913.
Incorporated under Canadian Cos. Act May 15 1913 to acquire the
entire assets and business of Diamond Flint Glass Co., Ltd., the largest
Abstract
manufacturer of glassware in
Canada and owner also of the properties and
undertakings formerly of Sydenham Glass Co. of Wallaceburg, Ltd., and
Canadian Glass Mfg. Co., Ltd., and also, through stock ownership, the
Jefferson Glass Co., Ltd.
Will thus own or control the leading glass manu¬
facturing concerns in $he Dominion, and, on fulfilment of certain conditions,
will also own the Beausejour property near Winnipeg and the plant now
building at Redcliffe, near Medicine Hat, Alberta.
Products: bottles, jars
and other staple glass products, the demand for which in Canada is increas¬
ing daily.
Principal plants at Montreal, P. Q. (2 plants), Toronto, Hamil¬
ton and Wallaceburg, Ont., with new plant at Redcliffe under construction.
Total net assets Mar. 31 1913, as certified by George A. Touche & Co.,
amount to $4,322,931, including real estate, plants and equipment appraised
at $3,047,100, and net current assets over $1,000,000 .
Capitalization—
Authorized. Outstanding.
First mortgage 20-year 6% bonds
—$3,000,000
$2,000,000
Preferred stock 7% cumulative
1
3,000,000
2,600,000
Common stock
5,000,000
4,250,000
.
Ample Allowance for Deprec.—2U Years end. Mar. 31 1913.
Canadian and Sydenham companies.]
Year 1911-12.
9 Mos. 1912-13.
Annual Average.
$476,776
$622,457
$588,194
$613,609
Interest on $2,000,000 bonds, $120,000; sinking fund, $50,000
$170,000
Bonds.-—Secured by first mtge. on all present and future property and on
any securities owned of other corporations now or hereafter controlled by it.
Final $1,000,000 bonds can be issued only to meet 60% of capital expendi¬
tures for future extensions, additions or betterments, when annual net
earnings are three times the annual interest charges, including the bonds
proposed to be issued.
Par $100 (or £20.10.11), $500 (or £102.14.10) and
$1,000 (or £205 9.7) c*.
Prin. and int. (J. & D. 2) payable in Canadian
gold coin or in U. S. gold coin or currency, of present standard
or in ster¬
ling at 4 86 2-3 to £ (without deduction for any tax or taxes imposed by
any taxing authority in Canada) at Bank of Montreal
in Montreal, N. Y.
Net Earns, after
[Including Diamond,
Year 1910-11.
,
Callable as a whole on and after June 2 1914, on any interest
date,or in part for sinking fund on any Dec. 2 after 1913, at 110 and int./
on 3 months' notice.
On voluntary liquidation the bonds will be repayable
at 110% and int.
Annual cash sinking fund beginning on or before June 2
1914, 2^% of total bonds issued, plus equivalent of annual interest on all
bonds theretofore redeemed, to retire and cancel these bonds.
This should
retire by maturity over 75% of the bonds presently to be issued.
Management.—Will remain in same hands that have brought the various
properties to their present successful position.
and London.
Stock.—There was offered recently in London at
share (about 97 1-3%—par $100) $1,437,500 7%
pref. stock.
"
'
Pref.
£20
per
cum.
This block is part of the present issue of $2,600,000, the remaining
$1,162,500 having been placed in Canada.
The by-laws provide that the
balance of the pref. shares can only be issued with the approval of the ma¬
jority in interest of the issued pref. shares.
The prei. shares are pref.
p. & d., dividends payable Q.-J.
C. Meredith & Co., Ltd., 46 Threadneedle St., London, E. G., will issue their scrip ror full-paid receipts, ex¬
changeable for stock certificates after Sept. 1.
Fort Worth Power &
Light Co.—Annual Report.—
See American Power & Light Co. under
New York.—Extension_ of
Notes.—The stockholders will vote July 21 on extending
the date of maturity of the $2,000,000 three-year 7%
debenture gold bonds from June 1 1914; to ^une 1 1916,
and the execution of an extension of the time within which
the
that
"Annual Reports."—V.97, p, 53.
int.
said
bonds
may
Co.,
be converted into stock from March
(Compare V. 93, p. 530).
1 1914 to March 1 1916.
Output.—"Boston News Bureau" July 9 reported:
a
Braden Copper Mines Co. produced 1,808,000 pounds of copper in June,
record, making 8,618,000 pounds for the half year.
Smelter operations
were
the best thus far attained.
tons, against
a
daily capacity of 250
Production at Braden (pounds, 000 omitted).
r
Jdft-
The smelter has a
2000-ton mill capacity.
Mar.
April
May
June
6 mos.
J1.1'472
lSs°
U48
.1.808
8.618
SeZ-
—V. 96, p. 1631, 18
Chalmers Motor
Co., Detroit.—25% Stock Dividend.—
"Michigan Investor," Detroit, July 5, said:
Besides the regular quarterly cash dividend at the rate of 2M%, owners
common stock of the Chalmers Motor Co. received a
stock dividend
of
25%, the stock thus distributed increasing the amount of the outstanding
stock from $4,000,000 to the authorized limit of
$5,000,000.
See
common
V» 95| p»
.
1231.
Calumet & Hecla
copper output
and the 6 mos.
Mining Co.—Output.—The estimated
and its subsidiaries for June
ending June 30, stated in pounds, was:
of the
company
Garland Corporation,
Pittsburgh.—Bonds Called.—
$49,000 1st secured M. 6% gold bonds of 1908, for payrhent at 110 and
on July 1 at Fidelity Title & Trust Co., Pittsburgh.—V. 95. p. 52.
Georgia-Carolina Power Co.—Guaranteed Bonds to Be
Offered in London.—It was announced in London on June 30
an
offering of $1,590,000 5% 1st M. bonds (due July 1
1952), guaranteed unconditionally by Augusta-Aiken Ry. &
Elec. Corp., would shortly be made at the price of £90% (with
bonus) on behalf of the British & General Debenture Trust,
Ltd., London, E. C., by the London Joint Stock Bank, Ltd.,
and the Nat. Bank of Scotland, Ltd.
As bonus, purchasers
have the right, in respect of each $500 bond, to subscribe at
the price of £15 for $100 of the 7% pref. stock, carrying a
cumulative dividend of 5%, the same being guaranteed, as
stated on p. 11 of "Elec. Ry. Sec." (See also V. 95, p. 234).
Digest of English Prospectus.
annual trade of £20,000,000 and turns out manufactures
total population about 58,000 and growing
rapidly.
Its cotton mills have a total of 370,000 spindles and 11,000 looms.
The city and vicinity is now consuming about 26,370 h. p. per day and the
demand for electric power is steadily increasing.
The great Savannah
River flows through the city v but most of its power is running to waste.
The present electric plant of the Augusta-Aiken Ry. & Elec. Corp. is largely
operated by steam.
*
.
V
The U. S. Congress, by Special Act approved Aug. 5 1909, authorized
the water-power development of the Georgia-Carolina Power Co., whose
Augusta has
an
worth £15,000,000 per annum;
120
CHRONICLE
THE
franchise is valid until 1959, for the distribution of electricity for light, heat
and power in the city of Augusta.
The company's hydro-electric plant is
under
now
Dam
construction
of solid
Reservoir to
concrete
on
the
River, 8 miles from Augusta.
30 ft. in height, crest length 2,200 ft.
Savannah
masonry,
4,200 acres,
The power-plant will
a capacity of 12,000 h. p., with provision for
the installation of additional units of 12,000 h. p., thus malting a total of
24,000 h. p.
•
have
an
cover
or over
6 sq. miles.
initial installation of
•
The Power
Company,
as
also the power situation in Augusta and vicin¬
ity, is controlled by the Augusta-Aiken Ry. & Electric Corp., and the
$2,500,000 5% 1st M. bonds of the Power Co. are unconditionally guaran¬
teed, as to rpincipal, interest and sinking fund, by that corporation.
The
two will work hand and hand under the management of J. G. White & Co.,
who also have the contract for the construction of the
hydro-eleCtric plant.
Earnings of Augusta-Aiken Ry. A Elec. Corp, Years ended, Dec. 31—Estimate
for 1913 Based on Earnings for Jan., Feb. and March.
'
'
1907.
1908.
1909.
1910.
1911.
1912.
J913.
Gross..£110,590 £106,404 £117,229 £126,170 £133,145 £136,148£151,389
£41,817
£42,573
£51,059
£56,976
£63,719
£60,236
£67,753
J. G. White & Co. estimate the combined surplus earnings of the Aug.Aiken Ry. & Elec. Corp.. and the Georgia-Carolina Power Co.—that is,
the amount available for interest on the Power Co.'s $2,500,000 bonds—
for the first three calendar years of combined operation as follows: 1915,
£70.623; 1916, £80,953; 1917, £103,252, or sufficient to cover int rest said
(£25,685 over 2 H times for the first year, 3 times for the 2d year and 4 times
Net
,
,
Great Lakes Coal Co.,
Shoshone
&
.
„
also V. 96, p. 1775.
Twin
Falls
Power Co.—
Water
Status.—*The Am. Waterworks & Guar. Co. (compare
and in V.96, p. 1769) says in substance:
The Great Shoshone &
& Co.,
Pittsburgh.—Successor.—
See North Penn Coal Co. below;
Great
_
„
,
The board includes members of J. & W. Seligman & Co.,Redmond
j. G. White & Co. and the Central Trust Co., N. Y.—V. 95, p. 179.
.
above
Twip Falls Water Power Co. has two plants in
the Snake River—one at the Great Shoshone Falls and the
other at. the Lower Salmon Falls.
The company is also securing, by burchase, the entire output of the Thousand Springs Power Co.
The elec¬
operation
on
tricity generated is distributed to 22 towns served by the transmission
system.
The high-tension lines exceed 350 miles in length.
The sub¬
stations are built of brick and concrete.
Water rights unquestionable.
The company either owns the land or has perpetual rights on all properties
on which its transmission lines are located.
The three large power sites,
owned by the company on the Snake River, two of which are developed,
are Great Shoshone Falls, with a vertical drop of 212 ft. and an available
h.p. of 12,000; Upper Salmon Falls, vertical drop of 90 ft. and available h.p.
of 35,000, and Lower Salmon Falis, vertical drop of 50 ft. and available
h.p. of 25,000, and have a total available h.p. of 72,000 at lowest water
Sage. Alldevelopmenta of 20,000 h.p.,miles. Other sites, with a possible
lie within radius of 50 are also controlled.
w-water
Owing to the increase in business, 5,000 h.p. additional has been contract¬
ed for by the company to be installed at Great Shoshone Falls, and will
probably be in operation by Oct. 15.
At Upper Salmon Falls the plan of
development covers a diversion dam across the Snake River about 1,500 ft.
in length and a canal for carrying water from the point of diversion to the
power house.
The canal is about 1 % miles in length, varying in width from
40 to 60 ft., and carrying water having a depth, of 9 ft.
The earth and rock
work of the canal was completed during 1912, and contracts were recently
placed for constructing the diversion dam and completely lining the canal
with concrete.
It is expected to complete the work during the autumn of
this year.
The initial installation at this site will be one unit having a
generating capacity of about 7,500 h p.; whichthis site gives the company
uring the
1914.
The work being done at will probably be installed
year
protection for the entire water right as owned by the company for the de¬
velopment of 35,000 h.p.
Compare V, 95, p. 238, 621, 1544.
Griffin Wheel Co., Boston and Chicago.—Earnings.—
Net earnings are reported officially for the four months ending April 30
over $534,000, or nearly 50% in excess of the $360,000 annual 6% divi¬
dend charges on the $6,000,000 pref. stock for the entire year.
The com
xcvii.
serial gold bonds, dated May 1 1913,
Peabody, Houghteling
& Co. are offering the remainder
by adv. on another
page
at par
and interest.
The bankers say:
'
Closed first mortgage upon the company's real estate and
manufacturing
plant in Kokomo, Ind., and its new, modern, open-hearth steel plant and
rolling mill, now being erected, bond Issue sold to complete the same.
Total assets 5M times the bonded debt.
Business established 17 years
ago and
uniformly successful.
Net earnings for past eight years show a
large surplus over principal and interest requirements.
Management in
experienced hands and product is standard.
Stockholders have a cash in¬
vestment of $1,750,000 behind the bonds.
Coupon bonds of $1,000 and $500 each.
First Trust & Savings Bank,
Chicago, and Augustus S. Peabody, Chicago, trustees.
Interest J. & D.
Principal payable in semi-annual installments Dec. 1 1914 to June 1 1923,
inclusive, successively, 2 of $18,000, 1 of $19,000, 1 of $20,000, 4 of
$21,000.
2 of $22,000, 1 of 23,000. 1 of $24,000, 6 of
$25,000,
Lackawanna Steel Co.—Combined Results.—For 3 & 6
...
the 3d year.
ror
[Vol.
mos
Earnings for 3 and 6 Months ending June 30.
Three
Months—
1913
Total
Income.
A Notes,
—
haustion.
$437,433
437,487
$1,909,925
888,426
—
1912
Int.on Bds. S.F.& Ex-
$124,037
72,271
Six Months—
Dcprccia- Bal., surp. or
*zon,Ac
Deficit.
$335,779
sur$l,0l2,675
293,122
sur85,546
1913
.——$3,513,469
$231,705
$874,912
$651,657
sur$l,; 5,195
1912
1,200,831
def
874,984
161,771
529,302
5,226
There was also a special profit on sales of assets of sub.
companies for the
six months ended June 30
1913 of $267,201, making the surplus for the
period $2,022,396.
The unfilled orders
on
June 30
$564,990 in 1912.—V. 96.
1913
were
436,675
tons, against
gross
1092.
p.
Lake
Superior Iron & Chemical Co., Detroit.—Default.
—Plan.—The security-holders are requested to deposit their
stock, bonds and notes under the plan presented as of
May 31 by Chairman Frank W. Blair,
The plan states that the
money required for the July 1913 coupon
will not be available.
It is proposed to form, under the laws of Michigan, a
new company called the
Charcoal, Iron <fe Chemical Co. of America, or some
similar name, with a capital of $10,000,000 com. and
$10,000,000 6% cum.
pref. stock, of which it is proposed to issue $7,500,000 of each class.
Bond¬
holders are asked to exchange their securities for an
equal amount of pref.
Holders of notes are to receive 95%
Holders of pref. stock are to be given the
option of subscribing for com. stock at $10 per share (par $100) to an
amount equal to their
holdings, and holders of com. stock are to be given a
stock with
a
50% bonus in
com. stock.
of their face value in pref. stock.
similar option to the extent of
25% of their holding.
Cash amounting to
$738,175 would be received under the plan, and it is proposed to apply
$700,000 to the construction of
and
a
a
new
shaft at the ore
mines
and of retorts
saw-mill at Manistique.
No mortgage or encumbrance is to be placed
of the properties without the consent of the holders of the pref. stock,
except to secure purchase money for properties purchased or Ln the regular
course of business.
Holders are invited to deposit their securities with the
Canadian Bank of Commerce, Toronto and London, and the
Security Trust
Co., Detroit.
There are now outstanding $6,485,000 1st M. 6s, $640,000
6% gold notes, $1,625,000 pref. stock and $8,375,000 com. stock.
For the 6 mos. ended Mar. 31 1913 the
company showed net profits of
$341,777, which is more than sufficient to meet all charges for the period,
but, owing to the cash position having become so seriously impaired during
the work of
reconstruction, the money for the July 1913 coupons is not
available.
When the proposed improvements are completed the profits
from chemicals, lumber and ore should, it is stated, be at the rate of at
least $750,000 a year.—(Compare
y. 91, P-1774)—V. 94, p. 419, 830.
on
any
Merchants' Coal Co.,
Pittsburgh.—Receivership.—
See American Water-Works & Guarantee Co. above.—V. 92, p.
1705.
as
pany has a capacity
See V. 96, p. 364. "
of 6,000 wheels
„
per
day when running full capacity.—
,
Hayes Mfg. Co. of Detroit.—Bonds—Bolger, Mosser &
Willaman, Chicago and Detroit, are placing at par and int.
$300,000 (closed) 1st M. 6% serial gold bonds dated April 1
A circular shows:
1913.
Principal due $30,000 annually on April 1 from 1914 to 1923, incl., but
redeemable as a whole or in part on any interest date at 103 and int.
Bonds
due
on or
stock
after April 1 1920 are convertible, par for par, into
held in treasury.
Prin. and int. (A. & O.)
now
Trust Co,
7%
cum.
pref.
payable at Union
of Detroit,
Par $500 and $1,000 c*.
Capitalization: Common stock out, $500,000; pref. stock, auth., $250,000, out, $130,000; surplus Mar. 31 1913, $82,657; 1st M. bonds, $300,000.
trustee.
Abstract of Letter from Pres. H.J. Hayes, Detroit, May 11913.
Organization.-—A Michigan corporation, organized in 1904.
One of the
largest manufacturers in the world of sheet metal parts for automobile
.
builders.
Modern plant occupying about 4 acres on Maybury Grand Ave.,
Detroit, and served by three railroads.
Also markets under a favorable
contract the entire output of the Hayes-Ionia Co. of Ionia, Mich., and has
recently established a branch plant in Indianapolis.
Total assets (excluding
valuable patents and good-will), after deducting all current liabilities,
appraised at over $1,000,000.
Fire insurance, $500,000,
Earnings, Ac.—Annual sales, $116,689 in 1907, $922,011 in 1912, and,
based upon 9 months' sales up to April 1 1913, $1,070,000 in 1913.
Un¬
filled orders on books at present, over $500,000.
Average annual net
earnings for past six years, $71,405, and, based on the past 9 mos., the net
earnings are over five times the interest charges.
No dividends can be paid
on common stock until $120,000 bonds shall have been retired and no divi¬
dends exceeding 6% while any of the bonds are out.
•
Bonds.—The proceeds of this issue are to be used to retire indebtedness
and
provide for permanent improvements and additional working capital.
[The company's customers include, it is stated, most of the larger auto¬
mobile and truck manufacturers of this country, notably,
Oakland, Max¬
well, Ford, Franklin, Hudson, Hupp, Jackson, Locomobile, Pope, Marion,
Moon, National, Pierce-Arrow, Premier, Reo, Russell, Studebaker, Pack¬
ard, Willys-Overland and Lozier, Federal, International and Universal.]
Officers (Practically the same.since organization).—H. J. Hayes, Pres.;
H. II. Sanger, Vice-Pres.; H. P. Carrow, Sec. and Treas.
' >
Imperial
Tobacco
Co.
of
Canada,
Ltd.—More
Stock.—An official circular says in substance:
The progress
of the company has necessitated considerable outlays to
supply the increasing trade.
A new factory has been erected in Montreal,
depots have been opened in Calgary, Vancouver, Halifax and St.John. and
the opening of others is in progress.
It has also become necessary to carry
much larger stocks of lear tobacco.
Soon after it started last year the
company was compelled to borrow money.
The directors believe that it is time to provide further capital.
It has
been decided to do this by offering at par to the pref. stockholders out of the
otal issued pref. shares to 1,650,000.
Present unissued pref. share capital 417,123 6% pref. debentures bonds.
shares, bringing up the
There
or
Statement of profits of the company and its predecessor
(of the same
name):
Year ended Sept. 30 1910, £275,205;
1911, £347,410;
1912,
£414,408.
In the past year the profits were sufficient to cover the pref.
dividend, including the present issue, between 4 and 5 times.
The profits
for the 6 mos. ended Mar. 31 last show a satisfactory increase upon the
profits for the corresponding period.
The existing pref. shares are quoted
on the London, Bristol,
Liverpool, Manchester, Leeds and Glasgow stock
exchanges.—V. 96, p. 1493
BS
„
International Motor Co., N. Y.—New President.—
First Vice-Pres. John Calder was recently elected President to succeed
-.4 • Coleman, resigned, and Robert E. Fulton was made Vice-President.
—V.
97,
p.
45.
Isabella-Connellsville Co., Pittsburgh.—Receivers.—
See
American Water-Works & Guarantee Co.
above.—V. 91, p. 1773.
Kansas Gas & Electric Co.—Annual
Report.—
See American Power &
Light Co. under "Annual
Reports."—V,97,
Kokomo (Ind.) Steel & Wire Co.—Bonds
ing sold
over
p.
53.
Ojfered.—Hav¬
$300,000 of the $400,000 (closed) 1st M. 6%
& Teleg. Co.—Litigation.—
See Denver, Colo., in "State & City"
Municipal Gas
Co.
Department.—V. 96,
p.
793.
of
Albany.—'*New Stock—Converti¬
ble Notes.—The P. S. Commission on July 3 authorized the
company to issue $4,250,000 of its capital stock or converti¬
ble notes at not less than par.
The proceeds, it is stated, are to be used to refund $500,000 matured 6%
bonds, to reimburse the treasury for moneys expended and to com¬
ply with an ordinance of the city providing for the removal of overhead
wires in a portion of Albany and placing them in conduits or subways.
This order cancels that issued April 30 1912 authorizing the company to
issue $1,000,000 capital stock.
Following a meeting of the company, set
for July 15, it is believed the shareholders will be allowed to subscribe for
all or part of the new notes.
Compare V. 94, p. 212, 1253.
coupon
Nashua Light, Heat
& Power Co.—Merger.—The direc¬
unanimously approved the following plan for the
exchange of stock in the company for the stock of the Man¬
chester Traction, Light & Power Co..
tors have
Stockholders may exchange each share of the
($600,000) stock for one
stock in the Manchester Trac., Light & Power Co and
$40 in cash, subject to the following conditions: (1) The holders of at least
90% of the stock must assent and deposit with the American Trust Co.,
Boston, or the Nashua Trust Co. on or before Oct. 1 1913.
(2) The ap-
share of full-paid
?rovalCommission must be the Manchester companyof theno bonded debt;
'. S.
of the stockholders of secured, The Co. and has New Hampshire
dividend rate, 8%,—V. 83, p. 327.
National Drug & Chemical Co. of Canada, Ltd., Mon¬
treal.—Pref. Stock.—There were offered for the company in
England June 24 to 27 at 105 (21s. for £1 shares) the re¬
maining 200,000 6% cum. 1st pref. shares, callable after
Jan. 31
1914 at 110.
A circular showsL.
Offering hanks: Bank of Liverpool, Ltd., Union of London & Smith's
Bank, Ltd., Manchester & Liverpool District Banking Co., Ltd., and Royal
Bank of Canada.
Authorized.
Capitalization—
Pref.
"
are no
Mountain States Telep.
First pref. shares, 6% cum., par
Pref. shares of $100 each
i
£1 each...
£600,000
Issued.
£600,000 See below
$2,550,000 $1,227,400 Full paid
Ordinary shares of $100 each.
2,500,000 T1,835,700 Full paid
\ 500,000 Part paid
Of the 400,000 1st pref. shares heretofore full paid, 20,596 have been
purchased for redemption.
The 1st pref. shares are 1st pref. p. <fe d. (divi¬
dends J. & J.), with annual cumulative sink.^fund of £7,500, plus equiv. of
interest on all shares canceled thereby.
Except to redeem all the then
outstanding 1st pref. shares, no debentures or bonds can be created without
the sanction of 75% of the 1st pref. then outstanding given at a special
meeting, and no mortgage shall be created for over 60% of the fair value
of the real property mortgaged.
Wholesale druggists, manufacturers of pharmaceutical and chemical
preparations, drug and spice millers and dealers in patent medicines, drug¬
gists' sundries and photographic materials.
Owns headquarters at Mon¬
treal and branch properties at Halifax, St. John, Ottawa, Hamilton, Lon¬
don, Winnipeg, Regina, Calgary and Victoria; central locations in Toronto,
Winnipeg, Saskatoon, Edmonton and Vancouver, on which warehouses
will have to be built to cope with the increasing business; and the Sovereign
Mills at Toronto and St. George Mills & Chemical Works at Montreal.
Has wholesale branch in every province of
Island.
Sole
agents
in
Canada
for
Canada, except Prince Edward
specialties of Evans Sons,
proprietary articles.
various
Lescher & Webb, Ltd., and for many well-known
Digest of Letter from President D. W. Bole, Montreal, May 19 1913.
Incorp. Nov. 9 1905 under Canadian Cos. Act and purchased 18 whole¬
drug firms or companies and 13 subsidiary stores.
The wholesale
branches are located in the various provinces of Canada, thus enabling the
sale
company economically to supply the goods manufactured in its various
mills, factories and laboratories, as well as general merchandise.
Very
considerable economies have been effected and a vastly greater business is
now
being done through 14 branches than formerly by 18 original firms.
increasing rapidly, especially for
"Nadruco" medicinal and toilet articles.
The output of our own manufactures is
our
,
July 12
The total
CHRONICLE
THE
1913.]
Digest of Letter from Chairman Guy E. Tripp, N. Y„ July 7 1913
trade and other liabilities,
surplus Jan. 31 1913, after deducting
mortgages and bank advances, was £681,473, contrasting with £311,325
on Jan. 31 1908, just preceding first issue of 1st pref. shares; in the meantime
there have also been established (a) general reserve, £20,548; (b) contingent
£20,548;
reserve,
(c) property reserve,
Bonds and
Scranton &
£55,281.
The net trading profits for year ending Jan. 31 1913 are 160% greater
than for year ending Jan. 31 1908, and, while the volume of general trade
has increased 25% over the year ending Jan. 31 1910, the sale of our own
manufactures during the same period has increased over 66 2-3 %.
The
trading profits last year, before paying interest on advances, were
nearly twice the dividend charge on the whole 600,000 1st pref. shares.
A new warehouse in Vancouver and a new factory building and ware¬
house in Toronto are now building, and new warehouses must be shortly
erected at Winnipeg and Edmonton.
The proceeds of these 1st pref. shares
are to be used in providing for the bank advances in said
improvements
and in further developing the business.
There are 15 directors, among them the following Montreal men: D. W.
Bole (Pres.), William S. Elliot (Sec.), Alfred B. Evans (V.-Pres.), W. S.
Kerry (Treas.), James W. Knox, James Mattinson, C. W. Tinling (V.-Pres.
and Gen. Mgr.) and T. H. Wardleworth (Gen. Purchasing Agent).
net
New York & New Jersey Water
Coal Co.,
North Penn
The trust agreement will be made to Bankers' Trust Co., as trustee, and
provide that (a) the pledged securities shaU always have a market or
appraised value of at least 1H times the face value of notes outstanding;
(b) the annual cash income received thereon by the Westinghouse El. &
Mfg. Co. shall always be in excess of the annual interest on such notes;
and (c) in case such values or such income shall fall below said respective
amounts, additional securities shall be deposited.
The trust indenture
will contain a proper pro vision for the withdrawal and substitution of pledged
securities other than the Scranton & Wilkes-Barre Traction Corporation
bonds and stocks, which bonds and stocks will only be subject to, with¬
drawal if and to the extent that they are sold and upon the deposit of the
cash proceeds to be applied to the purchase or redemption of notes.
The cash income to be received by the company during the ensuing year,
from the securities pledged for the notes, on the basis of dividends received
the past year, will he $242,845 (without considering any income from the
Scranton Ac Wilkes-Barre Traction Corporation pref. stock, from which an
additional income of $73,116, will probably be received), while the annual
interest on the $3,250,000 notes amounts to only $195,000.
The income of the company and its subsidiaries applicable to fixed and
other charges for the fiscal year ended March 31 1913 amounted to $4,776,448; interest charges on all the company's obligations amounted to
$1,612,416 and sinking fund payments aggregated $537,500, leaving surplus;
net income over all charges of more than $2,600,000.
The unencumbered
quick assets of this company and its subsidiaries companies, as such assets
are defined
in this company's convertible bond indenture, amounted on
March 31 1913 to over $33,000,000.
The new notes will be in coupon form, denomination $1,000, dated Aug. 1
1913 and dixe Aug. 1 1915 (int. F. & A.), but redeemable in whole or in part
will
Co —Appraiser's Report.
Department.' —V. 95, p. 1276.
SeeBayonne, N. J., in "State and City
Pittsburgh.—Reorganized Co.—
$2,750,000 of auth. capital stock (and no bonds), has
of the Great Lakes Coal Co., recently foreclosed
(see V. 95, p. 1125; V. 96, p. 1405).
The property includes about 22,135
acres of eoal land, with 4 mines, and all of the $1,600,000 capital stock and a
$1,129,435 promissory note of the 57-mile Western Allegheny RR.
The
four mines, it is said, have a capacity of 3,000 tons a day, but at present
only 400 men are at work.
The force, it is said, will shortly be increased to
This company, with
succeeded to the property
600.
•
William
Directors:
(Pres.),
Price
Pres. of the Diamond Nat. Bank;
Gibson D. Packer (V.-Pres.); A. C. Robinson (Sec.-Treas.), First Viceof Commonwealth Trust Co.; J. E. Mitchell, George D. Edwards,
Pres.
Vice-Pres. of Commonwealth Trust
Co.
CaL—July
Electric Corporation, San Francisco,
Oro
option of company upon any interest date upon 30 days' notice at par
and interest, with a premium at the rate of 2% per annum for the unexpired
portion of the term of the notes.
The principal and interest will be payable
without any deduction for any taxes which the company or the trustee may
pay thereon or retain therefrom, under any present or future law of the
United States or of any States, county or municipality therein, thus making
the notes a tax-free investment in Pennsylvania.—V. 96, p. 1777, 1707.
[On or about July 1 the company sold $1,100,000 convertible 5s of 1906,
the proceeds of which were used in connection with the payment of the $1,540,000 5% debenture certificates of 1898 that matured July l.< This
makes a total of $21,044,000 convertible 5s now outstanding.] Compare
V. 96, p. 1777, 1707.
;
,
,
...
•,
.
at
Omitted—Earnings.—An official statement says in snbst.
Div.
the usual dividend this month, despite
including the profits of the Oro Water, Light &
months ending June 1*19 J3 $153,832, after pay¬
ment of expenses and charges.
Out of this sum it has paid in dividends to
June 1 $81,250, leaving a surplus, after payment of diVs., of $72,582.
It is not desirable at the rates now prevailing to obtain money from the
usual sources to carry on new construction.
It has therefore been decided
temporarily to discontinue the payment of dividends pending the time
when financial conditions become more nearly normal, and to use the earn¬
ings to finance some of the construction work.
.
The fact that the company is earning nearly twice its dividends augurs
The board has decided not to pay
the fact that the earnings,
Power Co., show for the 5
well for their early
(F. W.) Woolworth Co.—Earnings.—
resumption.
applied to the Cal.
confirm the sale of $686,000 bonds.
"Annual Reports."—V. 97, p. 55.
Portland Gas & Coke Co.—-Annual Report.—1
See American Power & Light Co.
under "Annual Reports."—V. 97, p. 55.
Sealshipt Oyster System, Boston.—Deposit of Coupons.
parties identified with the property are getting
July 1 1913
be,lodged with Old Colony Trust Co., Boston, in exchange
for a receipt which provides that the holder may at any time prior to June 1
1914 receive back his coupons or, in case they have been collected, the pro¬
ceeds thereof, upon surrender of the receipt.
See also V. 97, p. 55.
As indicated last week,
in touch with the bondholders and suggesting that coupons due
1 1914
Southern Sierras Power Co.—Status.—
See
Nevada-California
Power
Co.
under
•
Southern Utilities Co.
• •
above.—
■
(Jacksonville, &c.), New York.
Notes.—The company has sold to New York bank¬
ers $260,000 1-year 6% gold notes, dated July 1 1913 and
due July 1 1914.
Par $1,000.
Prin. and int. (J. & J.) pay¬
able at Guaranty Trust Co. of N. T.» trustee.
Authorized
issue, $500,000.
A circular shows:
—Sale of
deposit of $750,000 of Southern Utilities Co,
gold bonds covering all the property of the company,
Secured by
1st M. 5% 20which includes
communities in Florida and
Georgia, subject only to $66,000 underlying obligations and 10 shares of
stock in one of the local cos.
No floating debt.
Proceeds of present issue
($250,000) w;ill be expended on improvements and extensions,
Followed
by junior securities having a present market value over $2,000,000.
Prop¬
erties operated by The J. G. White Management Corporation.
the electric, ice, water or gas plants serving 19
Income
Statement,
Based
Gross earnings
Net
on
Earnings of Combined Properties for
Surplus.
j,
.....
1912.
_$55,000
15,000
$877,389 Bond interest.
322,685 Int. on these notes
earnings.
...
.$252,685
Capitalization Southern Utilities Co. June 10 1913— Auth,
Outstanding.
First mortgage 5% bonds
^....$20,000,000 $1,100,000
7% cumulative preferred stock....
5,000,000
1,475,000
Common stock.
._w
6,000,000
*2,537,600
$387,500 additional
common
stock.}
See also
benefit
and int.
bonus in
stock issued but held by trustee for
of the company.
[The notes, it is understood, are offered at 98H
In June last pref. stock was offered at par and dividend, with20%
common
,
Afos.-~-1912—
$25,549,004
Inc.
10.97%
,
;
the
y. 96,
p,
1233.
Southwestern Power & Light Co —Annual Report
See American Power & Light Co. under "Annual
Reports."—V. 97, p. 55.
Southwestern Utilities Corp/—Annual Report.See Amer. Power & Light Co. under "Annual
Reports."—V. 96, p. 1428.
Texas Power & Light Co.—Annual Report
See American Power & Light Co. under "Annual
United Coal Co.,
of five Eastern
earnings
passenger
States.
Many
more
striking comparisons are made.
Reprints of this article of
can be obtained, we believe, from Ed¬
ward B. Smith & Co., Broad & Chestnut sts., Philadel¬
Reports."—V. 97, p. 55.
Pittsburgh, Pa —Receivership
—
See American Water Works & Guarantee Co. above and V. 96, p.
—V. 95, p. 1547.
1770.
:
phia, and 27 Pine St., New York..
well-known
Canadian
stock
and
bond house
of
Greenshields & Co., Montreal, has issued a very complete
—The
comprehensive table of Canadian bonds covering 15
pulp paper
and
issues of cottons and textiles, 9 of milling, 10 of
and timber, 16 of iron, steel and equipment, 35 of general in¬
dustrial and 41 of public utilities.
The information given in
case is quite complete, showing dates, amount issued,,
margin of safety, dividend record and general particulars of
the issue recorded.
The booklet will, no doubt, prove very
valuable to buyers and investors in Canadian bonds, and we
presume a copy can be had upon request .
The firm's offices
are at 16 St. Sacrament St., Montreal, and also in London,.
Eng.
•
<
each
and Factors, a magazine of,
published monthly by the banking
—The July issue of "Facts
Investment
Values,"
house of A. G. Edwards & Sons, St. Louis and New York,
and edited by Louils A. Lamb, has the following table of
contents:
*
V
interest to investors
"Annual Reports"
V.95.P. 180.
year
1633.
interesting article on electric railways appeared
July 4 issue of the "Philadelphia, Public Ledger,"
written by Frank O. March of Edward B. Smith & Co.,
Philadelphia.
In the article entitled "Pennsylvania Leads
in Electric Railway Development," Mr. March sketches
the history of the electric railway business from its origin >
and presents pertinent facts and figures,to show that Penn¬
sylvania has more mileage than the combined steam roads
of four New England Commonwealths, and for last year
the electric lines in Pennsylvania had a revenue greater than
in
Pacific Power & Light Co.—Annual Report.—
See American Power & Light Co. under
-
p.
—A very
RR. Commission has decided adversely to the corporation on
the latter's application for authority to enter Stockton in competition with
the Western States Gas & Elec. Co.] Compare V. 94, p. 1570, 1320.
\
and Jan.
96,
RR. Commission for authority to issue $1,000,000 of
account of construction; also to
on
The Cal.
$5,445,407
$5,147,360
—V.
Dec. [
1913—Six
5.47% ] $28,351,845
,
'
1912.
1913—June
[S. Shannon has been elected to the board to succeed J. K. Moffit, who
recently resigned both as Secretary and as director.
On or about June 23 the corporation and the Oro Development Co.
bonds
Shares of Stock Pledged to Secure $3,250,000 Two-Year Notes.
Wilkesbarre Traction Corporation (see V. 96, p. 1703)
5% bonds (out of $2,112,000 outstanding)—
_$2,059,000
Preferred stock (out of $1,250,000 outstanding)
1,218,600
Common stock (out of $3,000,000 par value outstanding)
2,925,500
British Westinghouse Electric & Mfg. Co., Ltd., 4% mortgage
debenture stock——
£675,000
Canadian Westinghouse Company, Ltd., stock.
$165,500
v
"Re-discount and Acceptance," "Why So
Terribly
Pessimistic?"* "Tax Lien Bonds of $100 to Net 6%," "The
Outlook," "July Investments," "President Wilson's Currency
Bill," "Good Points in the Rate Mandate" and "The Emer¬
gency Currency Law."
—The department, of examinations and reports of H. M.
Byllesby & Co., engineers, of Chicago and New York, have
issued an instructive bulletin on "the valuation problem.'*
The bulletin says: "Determination of true and just values in
properties devoted to public service is, perhaps, the most
difficult problem faced by engineers, statistical experts and
commissions."
Free copy on request.
Ask for Department
Bulletin No. 5.
Vancouver Gas Co.—Annual Report.—
See Amer. Power & Light Co. under "Annual
Reports."—V. 95, p. 117.
—Arthur
Rollins &
Westinghouse Electric & Mfg. Co.—Payment of Notes
Aug. 1—New Notes—Option of Exchange.—The $4,000,000 3-yr. 6% collateral notes due Aug. 1 1913, will be
paid on and after that date at Bankers' Tr. Co., 14 Wall St.
In order to provide in part for the funds required to pay
these $4,000,000 notes, the company has sold to Kuhn,Loeb
& Co. a new issue of $3,250,000 2-year 6% collateral notes,
due Aug. 1 1915.
The remaining $750,000 will be provided
from surplus treasury funds.
Holders of the maturing notes are offered by Kuhn, Loeb
& Co., through advt. on another page* the privilege of
exchanging the same for new 2-year 6% collateral notes, due
Aug. 1 1915.
A cash payment of $10 in respect of each
$1,000 note exchanged will be made to assenting holders.
Due
Batty will
Sons
as
sever
his connections with E. H.
their Western New York and Canadian
representative, taking over their Buffalo office in the new
Marine National Bank Building, and entering business under
his own name.
Mr. Batty has just entered his fourteenth
year
and will handle as an independent dealer securities of
houses.
the various banking
Taylor & Co., 30 Pine St., New York,
offering of $1,500,000 Southern Ry. Co.
First Consolidated Mortgage 5% gold bonds at a price to<
yield an attractive income.
For further particulars regard¬
ing this offering, see advertisement on another page.
—Messrs. Kean,
are
advertising
an
#
—Messrs.
Frank
Charles N. Jones
Co.
on
B.
were
July 7 1913.
Erwin,
Clarence W.
Byram and
admitted to the firm of Megargel &
:
•
1
122
THE
ike
CHRONICLE
THE MOVEMENT OF THE CROP, as indicated
telegrams from the South to-night, is given below.
H 1913.
Trade has noticeably decreased.
Prices of commodities
are in some cases lower.
There has been a very large ex¬
port business in wheat.
5,200,000 bushels,
week last year.
retail
At the
futures of 1-10 of
approximated
than double those for the same
more
same
favorable for
more
a
cent
event of sinister
Textile industries
a
on
cotton
pound is actually levied, it will be
significance for that branch of business.
quiet and pig iron weaker.
rather more active.
On the whole,
are
are
more
the previous
week, making the total receipts since the 1st o '
September 1912 9,451,585 bales, against 11,439,333 bales
for the same period of
1911-12, showing a decrease since
Sept. 1 1912 of 1,987,748 bales.
Sat.
Galveston.^*...
Texas City
con¬
possibility
of
labor
troubles
and' the
situation
political
abroad.
Tues.
Wed.
Thurs.
Brazil $13 60.
Lard futures advanced in response to a rise
in the price of hogs, with the hog receipts smaller.
The cash
trade at the West, moreover, has been good.- Packers have
been
buying futures.
To-day prices were higher.
At West¬
points the receipts of hogs were 65,000, against 73,000
last year.
July delivery—
cts.
September delivery
Holi-
11.70
October delivery
day.
11.75
11.57^
11.60
11.721^
11.77^
11.60
11.70
11.75
11.60
11.70
11.72H
1,828
1,384
1,030
8,000
Aran. Pass, &c__
New Orleans
528
1,128
1,599
795
Mobile.
97
594
96
265
55
429
352
4,744
1,264
1,061
515
277
186
727
399
15
3,165
'318
"28
"28
31
405
"26
"12
446
307
649
1,999
1,298
Pt.
Arthur.-
Pensacola
70
...
Jacksonville, &c_
Brunswick
Charleston
Norfolk
New York
22
"50
270
"148
179
"ioo
"73
**17
Totals this week.
4,002
3,291
3,991
3,201
last year:
Receipts to
July 11.
This
1911-12.
Since Sep
1 1912.
Week.
This
Week.
8,000 3,788,134
__
123,523
4,744 1,421,611
Gulfport.
"
1,264
225,304
124,899
15,358
3,165 1,271,851
15
234,334
405
305,718
:
Jacksonville* &c_
Savannah.
■_
Brunswick
Charleston
jl__
Georgetown
Wilmington
"*i
"IIo
342,470
534,505
115,404
14,947
45,534
74,795
7,595
1,999
1,398
N'port News, &c_
New York
73
Boston
99
Baltimore
176
...
Philadelphia
Totals........
1913.
"
.*
9
The visible supply
was 3,100,000 tons,
against 2,200,000 last year.
Receipts
at Atlantic ports for the week were
34,096'tons, against
36,810 last week and 55,291 last year.
Refined quiet but
•
stronger; granulated 4.60c.
we
PETROLEUM steady; barrels 8.70@9.70o., bulk
5@6e.,
11 @12c.
Pennsylvania crude $2@$2 60; Kansas and
Oklahoma 88c.; Corsicana, Tex., 80 to
95c.; North Lima
$1 39; South Lima $1 35; Indiana $1 34; Illinois $1 30.
Naphtha firm; 73 to-76 degrees, in 100-gallon drums, 25c.;
drums $8 50 extra.
Gasoline, 86, degrees, 29%}.; 74 to 76
degrees, 25Mc.; 68 to 70 degrees, 22
and stove, 21c.
Spirits of turpentine 383^ @39c.
Common to good strained
,
1912.
8,000
TOBACCO " has remained
quiet.
The supply of binder
price is steady.
Filler too, is steady
but like the rest of the list it is slow of sale.
There is a steady
demand for Sumatra from manufacturers.
They seem to
be? providing, however, only for passing necessities.
As
for the crop in this country, it is doing very well,
though Con¬
necticut needs rain.
Cuban leaf is steady but meets with
is still small and the
little demand at the momenta
Savannah
at home and abroad.
London prices have declined
sharply.
Lead 4.35c.; spelter
5.37%}.
Pig iron has been quiet and
rather
weaker.
No.
2
Foundry East $14 75@$15 25;
No. 2 Southern
$10@$10 50.
Steel has been in fair demand.
Mills that closed down
resumed rolling and
the
July holidays have actively
There is little or nothing new
except that the demand is lighter
over
casting.
the general situation
than it was recently.
in
•
A
1,264
3,165
—
10", 130
18,880
""163
137",893
6,818
*
>
>
22,597
556
7,257
5,992
2,855
13,080
11439333
204,713
292,260
1911.
«
1910.
3,290
420
5,071
"2",533
"Y, 328
7
3,539
3,328
1909.
5,701
426
•
840
1,790
15
Brunswick
Charleston,&c
Wilmington
8,793
1,387
5,709
2,759
"5",459
405
•
110
N'port N., &c
41
1,882
1,455
348
Since Sept.
10,857
'
"4",420
1,348
3,080
4,050
"""41
"'293
'
195
73
•'
—-._
599
659
"6",487
126
•
841
182
"¥,738
13,080
9,574
'"872
36,580
730
21,448
All others
Total this wk.
1908.
——-
--
1,999
1,398
__
Norfolk
30,525
25,012
4,198
1. 9,451,585 11439333 8,382.488 7,164,842 9,752,229 8,170,320
The exports
for the week ending this evening reach a total
32,041 bales, of which 15,086 were to Great Britain,
1,395 to France and 15;560 to the rest of the Continent.
Below are the exports for the week and since Sept. 11912:
of
Week ending July 11 1913.
1 1912 to July 11 1913.
Exported to— ■
>
From Sept.
Exported to—
,
Exports
"Great
Conli-
Great
from—•
BHtain. France.
nent.
2,477
GalvestonTexas City
•
Total.
Britain.
2,477 1,309,977
406,308
31,480
12,921
8,539
736,068
60,266
„
3",039
5,500
Mobile
Pensacola.-
24,345
132,718
Savannah__
Brunswick
Charleston
.
3", 159
_
3",l59
•
Wilmington
Norfolk
.
111,236
73,367
106,043
16,614
York-
8,955
1,395
3",682 14", 032
Boston
.
nent.
2,828
Baltimore..
~631
2",828
631
Total.
390,643 1,408,707 3,109,327
146,793
85,947
639,048
27,949
79,213
138,642
16,048
8,606
37,575
147,516
441,143 1,324,997
25,562
55,589
141,417
34,791
,65,963
125,099
63,269
632,061
828,048
100,328
211,564
"5",000 150,111 228,478
59,673
152,115
317,831
500
54,822
71,936
291
312,676
148,265
52", 780
205",368
7,743
52,949
"3",350
10,170
51,739
8,021
570,824
158,435
62,832
60,970
507
Portl'd, Me.
San Fran
France.
291
N'portNews
New
Conti-
,
Port Arthur
Ar.Pass.&c.
Philadel'a..
COPPER dull and weaker at times; Lake 14%C;*electrolytic 14%}.
The stock is the smallest since August 1912.
Tin on the spot here
39%}., the decline reflecting liquidation
h
,
2,252
"3",449
..
"4", 744
Mobile
NewOrleans
,
33,629
30
8,642
722
43,550
^
62,632
123,075
527
21,448 9,451,585
1913.
Receipts at—
Galveston5.1.
cases
•
V
1-4,208
18.@9 20
SUGAR.—Raw active and stronger.
rosin $4 40.
23,560
i
comparison may be made with other years,
give below the totals at leading ports for six seasons:
New Orleans.:
_9 11@9 12
9 14 m 9,16
9 18@9 19
~1~,208
""485
TexasCity,&c.
__
38",426
36,194
In order that
was
55 November __8 87@8 89 March
63 December___8 95@8 96 April
76 January
8 99@9 00 May
82 February
9 05 @9 07 June
33,568
"4,484
50,419
177
1912.
47,465
2,590
1,790 2,372.704
403.983
"17
413,917
1,169
"41
547,857
1,882
743,872
1,455
38,486
25
6,282
110
Norfolk
Stock.
Since Sep
1 1911.
3,290 3,501,333
586,468
\ 200,569
79,526
3-,449 1,642,036
66,845
"426
379,929
215,979
666,851
138,642
...
Port Arthur
reported.;, Apparently some of the sdling here has been
against the stock in Santos. It is 1,197,000 bags there against
1,558,000 bags a year ago.
To-day prices "were higher on
covering partly for Europe and some buying in of hedges.
Closing prices were as follows:.
50@'8
62@8
75@8
80@8
21,448
the total
to-night, compared with
Mobile
Pensacola
.
4,275
2,688
The following shows the week's total
receipts,
since Sept. 1 1912, and the stocks
lbs., 15L£@16%}.; bellies, clear f. o. b. New York, 6 to 12
lbs.,
16 @17 Me.
Butter,
creamery
extras,
27M@28c.
Cheese, State whole milk fresh colored specials, 14M@14%}.
Eggs, fresh gathered extras, 24@26c.
,
176
Philadelphia
Aransas Pass, &c_
New Orleans.
well-known N^w Orleans firm
99
176
$19 @$20; packet $21 @$22; family $22 @$24; extra India
mess $31 @$32..
Cut meats steady; pickled hams, 10 to 20
COFFEE has declined; No. 7 Rio 9%?.; trade dull.
Mild
grades have also been very quiet; fair to good CucuU 11 @
11%}.
Coffee futures, under the stress of heavy liquida¬
tion and hammering, have fallen sharply.
New low records
for the season have been made.
Receipts and stocks are
not excessive—far from it.
But buying is persistently cau¬
"78
Baltimore
Galveston
Texas City
a
73
Boston
PORK iu fair demand and steady; mess $22 25 @$22 75;
clear $20 75@$22 25; family $23 50@$25.
Beef firm; mess,
The failure of
1,398
1912-13.
firmer; City, raw American seed, 49@
50c.; boiled 50@51c.; Calcutta 70c.
Cottonseed Oil higher;
winter 8.90c.; summer white 8.90c.
Cocoanut oil firm;
Cochin 123^@13c.; Ceylon 11 @11%}.
Chinawood in good
demand at 7M@7Mc.
Corn firm at 6.15@6.20c.. Cod
active at 38@40c.
15
Georgetown !
Wilmington
11.65
11.72^
11.80
OILS.—Linseed
Total.
1,356
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
July..
—8
August _,.___8
September __8
October.
—8
Fri.
1,131
N'port News, &c
LARD has been stronger; prime Western $11 75; refined
forjthe Continent $12 10; for South America $12 60 and for
tious.
Mon.
1,271
Savannah
feeling is cheerful enough, but conservatism is still
sidered desirable in view of the impending tariff changes, the
ern
our
week ending this evening the total
receipts have reached
21,448 bales, against 21,534 bales last week and 27,262 bales
time there is less disquietude as
though, if the proposed tax
Iron and steel markets
the
exports
The weather has been
rule about the tariff,
an
total
by
For the
business, but wholesale trade feels the midsummer
sluggishness.
a
or
The
Friday Night, July 11-1913.'
,
EPITOME.
Friday Night,
xcvii.
COTTON.
iimes.
COMMERCIAL
1
[Vol.
507
306
"306
262", 667
262,667
69
..
Pt.Towns'd.
69
103,870
3,716
103,870
Portl'd, Ore
15,086
Total
Tot.1911-12
1,395
15,560
32,041 3,543,774
7,379
2,492
23,716
33,587(4,197,3511,161,1104,957,079
3,716
973,874 3,880,426 8,398,074
10315540
"Note.—N. Y. exports since Sept. 1 include 20,500 bales Peru, &c., to Liverpool, &c
In addition to above exports, our
give
us
cleared,
telegrams to-night also
on shipboard, not
We add similar figures for
the following amounts of cotton
at
New York.
the ports named.
July 12
THE
1913.]
On
Ger¬
Coast¬
many.
Britain. France.
Other
Foreign
123
FUTURES.—The highest,
Shipboard, Not Cleared for—
Great
July 11 at—
CHRONICLE
wise.
Total.
601
_
Galveston
281
1,893
4,453
1,730
Savannah
~
Charleston
131
—
Norfolk
—
—
New York
500
Other ports
-
—
-
7,075
14,978
400
314
1,951
10,500
2,500
1,100
-
-
_
—
Mobile
589
1,600
400
-
—
—
3,711
7,195
—
—
400
200
-
10,500
—
800
1,000
500
200
Tuesday, Wed,day' Thursd'y,
July 7.
July 5.
29,119
32,487
23,160
4,208
2,533
8,380
41,050
25,272
_
1,506
-
-
follows:
as
Stock.
Saturday, Monday,
New Orleans.
lowest and closing prices at
New York the past week have been
Leaving
July 8.
July 9.
Friday,
July 11.
July 10.
Week.
July—
11.96-.10 11.94-.06 12.09-.19
Range
12.12-.20 12.00-.13 11.94-.20
11.97-.97 12.05-.06 12.17-.18 12.12-.13 12.03- .05
Closing
August—
Range
11.98-.18 11.98-.08 12.03-.18 12.13-.20 12.00-.16 11.98-.20
11.98-.99 12.06-.07 12.17-.18 •12.12-.13 12.05-.06
....
Closing
■■■"■
'
•>'.
—
—
„■
—
September—
Total 1913.
Total 1912.
3,362
1,680
481
1,929
_
_
Total 1911—
'861
9,152
5,842
6,527
142
'
12,106
5,521
4,011
13,403
38,504
31,038
17,436
17,853
3,108
ll.5l-.61 11.56
166,209
261,222
165,162
Closing
•'.*
October—
■■
Earlier in the week there
Louisiana.
Alabama and
decline, owing to
many
favorable
crop reports, some
was
and
100
to
107—and
rains
11.47-.53 11.40- .48 11.31-.63
11.32-.33 11.37-.38 11.52-.53 11.48-.49 11.42-.43
Closing.
Sat.
H.
Mon.
Tues.
12.25
12.25
DAY;
a
12.30
QUOTATION
YEARS.
FOR?32
The
quotation for middling upland at New York on
July 11 for each of the past 32 years have been as follows:
1913-C.. -.12.30
1905_c
11.00
1897.C
7.94
1889.C
1912
-.-12.40
1904
10.95
1896.
1911
--.14.25
1903__
12.50
1895.
1888
1887
1910-__. -.-15.45
1909
---12.80
1908
-.-11.20
1907
1906—
---13.20
—
10.80
1902
9.25
1894.
7.38
7.12
7.19
1901
8.56
10.25
1893.
8.12
1892.
7.38
19001899—
6.19
1891.
8.38
1898-
6.19
1890.
12.00
—
—
—.
Closing
—
Range..-..
'
1
@
—
@
—
@
—
—
@
—
—
—
—
@
—
11.24-.26 11.29-.31 11.41-.43 11.39-.41 11.29-.31
Closing
March—
Range
11.33-.36 11.31-.36 11.40-.50 11.47-.53 11.35-.44 11.31- .53
Closing..__
11.32-.33 11.37-.38 11.49-.50 11.47-.48 11.37-.38
—
April—
-i-
Range.;
_
Cloaing
May
Range
@
—
—
——
_
_
—-
—
_
—-
—
——
11.37-.40 11.34-.38 11.42-.56
11.34-.36 11.39-.41 11.51-.52
Closing
@
@
—
__
—
—
—
—-
__
11.39-.42 11.34-.46
11.49-.51 11.40-.42
—. —
—-
June—
—
Range.——
@
@
—
—
—
—
@
—
Closing
THE VISIBLE SUPPLY OF COTTON
to-night as made
by cable and telegraph, is as follows.
Foreign stocks,
as the afloat, are this week's
returns, and conse¬
quently all foreign figures are brought down to Thursday
evening.
But to make the total the complete figures for
to-night' (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
,
up
well
as
July 11—
Liverpool
Stock at
1913.
896,000
bales.
51,000
952,000
_„
Total Great Britain stock-
1911.
622,000
12,000
Hamburg.T
15,000,'
.
67,000
1910.
493,000
8,000
43,000
701,000
1,056,000
5,000
Stock at Manchester.
Stock at
1912.
951,000
5,000
100,000
Stock at London
544,000
11,000
14,000
366,000
202,000
3,000
16,000
19,000.
13,000
92,000
145,000
2,000
18,000
19,000
9,000
147,000
135,000
3,000
12,000
20,000
9,000
626,000
296,000
340,000
.1,477,000 1,682,000
108,000
85,000
Amer. cotton afloat for Europe._ : 124,677
100,324
Egypt,Brazil,&c.,aflt.for Europe.
27,000
27,000
Stock in Alexandria, Egypt
101.000
75,000
Stock in Bombay, India
845,000
477,000
997,000
884,000
95,000
98,015
12,000
68,000
Stock at Bremen
7,000
274,000
172,000
——
Stock at Havre.
Stock at Marseilles
3,000
Stock at Barcelona
Stock at Genoa
21,000
15,000
25,000
—
Stock at Trieste.
Total Continental stocks
525,000
Total European stocks
India cotton afloat for Em-ope
204,713
interibr
292,260
192,337
2,828
ports.
Stock in U. S.
136,640
4,946
towns...
U. S. exports to-day
Total visible supply.
____—
Of the above, totals of
American-^-*
U. S. exports
_-3,082,&55 2,980.170 2,110.257 2.099,838
706,000
36,000
481,000
124,677
204,713
192,337
2,828
1,747,555 2,028,170
1,136,257
_____
stocks.
Total American._____
&c.—
•
.
bales.
.
190,000
5,000
15,000
577,000
.1,335,000
952,000
1,133,838
97,000
974,000
Continental stock—
132,000
5,000
21,000
30,000
85,000
27,000
75,000
44,000
108,000
India_:______
396,000
36,000
280,000
98,015
220,396
102,968
459
.
27,000
101,000
845,000
stock—
Total East India, &c_._Total Arherican
,
156,000
12,000
14,000
49,000
108,000
23,000
83,000
529,000
Manchester stock
Stock in Bombay,
follows:
466,000
53,000
247,000
71,915
181,598
112,673
4,071
____
Liverpool stock.;
London
are as
819,000
79,000
596,000
100,324
292,620
136,640
4,946
to-day__
East Indian, Brazil,
102,968
459
■
:
American afloat for Europe
U. S. port stocks,
U. S. interior
220,396
4,071
American and other descriptions
-bales.
Manchester stock
Continental stock
619,000
181,598
112,673
^
Liverpool stock.
'
108,000
71,915
23,000
83,000
529,000
___
Stock in U. S.
8,000
7,000
60,000
95,000
12,000
68,000
619,000
966,000
,__r_-__.i_l,747,555 2,028,170 1,136,257 1,133,838
Total visible
supply
3,082,555 2,980,170 2,110,257 2,099,838
6.76d.
7.07d.
7.76d.
7.94d.
12.30c.
12.50c.
14.25c.
16.40c.
10.05d. 11 l-16d.
10%d.
12%d.
9.10d.
9.50d.
11.25d.
ll.OOd.
Q%d.
6 7-16d.
7%d. '
7d.
6 5-16d.
6^d.
7%d.
7d
Middling Upland, Liverpool
Middling Upland, New York
Egypt, Good Brown, Liverpool._
Peruvian, Rough Good, Liverpool
Broach, Fine, Liverpool
Tinnevelly, Good, Liverpool._ i
,
"
Continental imports for past week have been 35,000 bales.
The above
•
YORK
_
February—
.
NEW
__
11.30-.38
—
.
Fr-.
12.35
12.35
11.30
—
11.22-.35 11.22-.29 11.28-.40 11.34-.45 11.25-.35 11.22-.45
11.22-.23 11.27-^8 11.39-.40 11.37-.38 11.28-.29
Range
depres¬
Thurs.
Wed.
®
—
—
11.28-.41 11.27-.34 11.34-.46 11.39-.50 11.32-.41 11.27-.50
11.28-.29 11.33-.34 11.44-,45 11.42-.43 11.34-.35
HOLI¬
Closing
#
—
@
—
January—
.
^ to
—
11.25-.27 11.20-.32 11.45-.47 11.43-.45 11.32-.34
__.
Range..___
less
Middling uplands
@
—
December—
liquidation.
Spot cotton closed at 12.30c.;
for middling uplands,
showing a decline for the week of
5 points.
;
The official quotation for middling upland cotton in the
New York market each day for the
past week has been:
more or
—
11.30-.38
Range
Oklahoma,
in
—
November—
freely and the South also sold, as well as Liverpool.. But,
as already seen, this was followed by an advance.
Liver¬
pool
was
active
and *' stronger.
The
spot
sales
there
were
10,000
bales
a
day.
The
stock
here,
already
small,
is
steadily
decreasing.
The
visible
supply ' is decreasing more rapidly than it did a year
ago.
The Continent has been buying new-crop months
in Liverpool.
British exports of cloths reached during June
the large total of 616,000,000 yards, hgainst 519,000,000 in
the same month last year, making a total for the year up to
June 30 of 3,583,000,000 yards, against 3,276,000,000 yards
during the same time last year.. It appears/moreover, that
recently unusually heavy rains in Northeastern Texas did
harm. In Alabama the rains have been unevenly distributed.
In Georgia the recent period of high temperatures is described
in the weekly Government report, as of rather unusual dura¬
tion.
Eastern Oklahoma has complained of drought.
Lat¬
terly the Balkan news has been rather more pacific. One re¬
port is that Bulgaria has had enough of war, and that
both Bulgaria and Servia are ready to sign an armistice.
Print cloths have latterly, it is said, been in better demand.
On the other hand, as already intimated, many of the crop
reports have been favorable.
Speculation, on the whole, has
been sluggish.
The outside public shows little or no interest
in it.
The proposed tax amounting to $50 per hundred bales
would prevent general trading.
At times there has been, it is
understood, considerable selling for short account on the idea
that such a tax would bring about a severe decline in the price
of cotton by closing up the New York and New Orleans
Cotton Exchanges, and, perhaps, transfering the trading to
Liverpool and Montreal.
It is argued that such a tax would
disorganize the whole trade, bringing it back to something
like primitive conditions and to the lowest prices seen.for
many years past.
The Southern members of the trade are
making vigorous protests to their Senators and Representa¬
tives
against the passage of such legislation,
In
the
meantime
it
has
been
largely
a
weather
market.
Some 'have been banking on a setback to the crop during
July.
They argue that the crop news for some little time
has been on the whole so favorable that a change for the worse
would be nothing more than the ordinary experience.
In
any case they contend that the month of July is apt to
witness a crop or weather scare of greater or less severity.
Also, the technical position of July and August deliveries Js
believed to be such that important developments may arise
in those months to the possible detriment of the short interest.
•To-day prices declined on more favorable crop reports,
predictions of coolet weather in Texas—where maximum
were
—
11.31-.42 11.32-. 38 11.42-.53
Closing
sion in the stock market, the Balkan war news and a fear of
the proposed prohibitive tax of 1-10 of a cent per pound on
cotton for future delivery.
Also Wall Street sold rather
temperatures
„
.
Range..—
Speculation in cotton for future delivery continues rather
small, but in the middle of the week came a sudden advance,,
owing to hot weather in Texas and Oklahoma and reports of
boll-weevil damage in Texas.
Temperatures in Texas and
Oklahoma were as high as 105 to 106, and 100 and above was
very common in both States.
It was also hot in Arkansas,
11.70
@ — 11.64-.70 11.51-.70
11.51-.52 11.57-.59 U.70-.72 11.67-.69 11.64- .65
Range.——
figures for 1913 show
a
decrease from last week
of 173,641 bales, a gain of 102,385 bales over 1912, an excess
of 972,298 bales over 1911 and a gain of 982,717 bales over
1910.
11.25
10.50
10.69
9.56
10.44
11.00
10.06.
13.00
1886
1885
1884
1883—
1882
QUOTATIONS
the
AT
OTHER MARKETS.—Below
are
closing quotations of middling cotton at Southern and
other
principal
cotjbon markets for each day of the week.
Closing Qoutations for Middling Cotton on-
MARKET AND SALES AT NEW YORK.
Week ending
Monday.
July 11.
Spot Market
Closed,
Saturday
Monday
Tuesday
WednesdayThursday
Friday—
_
_
—
Galveston
Spot.
Contr'ct
Total.
12 5-16
Friday.
12 5-16
12%
12%
12%
12 5-16
12 7-16
12
12
12
12
12
12
HOLI-
Norfolk
Barely steady
Steady
Steady—
Steady
Steady
;
Baltimore
1,700
1,700
100
100
100
"ioo
100
Philadelphia
AugustaMemphis
"loo
300
400
St.
200
2,200
2,400
—
"ioo
'
r
Louis._____
Houston
Total
Tuesday. Wed'day. Thursd'y.
12%
12%
12
12
12
12
12%
12%
12%
12%
12%
12%
12%
12%
12.50
12.60
12.60
12%
12%
12%
12%
123*
12%
12%
12%
12% "
12%
12 5-16
12 5-16
12 5-16
12 5-16
12 3-16
12 3-16
12 3-16
12 5-16
12 3-16
12
12
12
12
12
"
Closed.
HOLIDAY
Quiet, 10 pts. dec.
Quiet-_
Quiet, 10 pts. adv.
Quiet
Quiet, 5 pts. dec-
Mobile
Savannah
SALES.
12 %
New Orleans
Futures
Market
______
Little Rock
DAY
12.50
;
'
•
•
12^
12%
■
12.55
12 3-16
■
CHRONICLE
THE
124
AT THE INTERIOR TOWNS
the receipts for the week and since Sept. 1, the shipments for
the week and the stocks to-night, and the same items for the
reports to
corresponding period for the previous year—is set out in
needed, and that,
favorably.
Movement to July 11
ments.
Week.
11.
July
12.
Receipts.
Week.
Season.
ture is
Stocks.
Week.
July
Week.
Season.
Ship¬
ments.
Stocks.
on
the whole, the cotton
Advices from Texas
are
sections where
crop
is developing
to the effect that, al¬
though the general condition of cotton is good, high tempera¬
12 1912.
Movement to July
1913.
Ship¬
Receipts.
this evening from the South indicate that there
us
has been beneficial rain the past week in many
detail below.
Towns.
xcyii.
WEATHER REPORTS BY TELEGRAPH.—Telegraphic
movement—that is,
the
[Vol.
doing
some
harm and that
there
are more
of boll-weevils.
,
complaints
'
•
'
,
Tea:.—High temperature in Texas is doing
The plant wants dry, hot weather but is too small
Galveston,
Ala.,Eufaula._
Montgomery
468
Ark., Helena.
Little
_
"l5
Rock..
Ga., Albany...
Athena
15
Atlanta
197
...
| Augusta
[ Columbus
447
25
Macon
6
Rome
83
La., Shreveport
Miss.,Columb's
Greenville
...
Greenwood...
Meridian
144
____
Natchez
Vicksburg....
'
Yazoo
City..
Mo., St. Louis.
N.C., Raleigh..
O., Cincinnati.
Okla., Hiigo*..
B.C., Greenw'd
Tenn.,Memphis
3",728
17
1,626
"317
Nashville
""45
■
Clarksville
Dallas
100
Honey Grove.
Houston
997
136
2,027
10
2,377
1,666
18,755
8,746
5,144
4,381
3,300
494
"
13,734
"500
220
700
671
'
4,234
650
434
300
146
"300
2,300
261
3,700
525
778
■
4",965
2,700
19,018
50
80
1,302
22,599
_
"883
5,274
"
-
-
-
2,284
26,340
422
19
138
372
25
•
■
2,700
"ioo
200
5,232
40,340
150
2,555 3,285,797
151,138
Paris
999
39
9
300
....
■
'
Ill
264
1,600
5,975
51
19,989
811,835
7,807
17,792
43,835
132,660
45,137
2,278
Tex., Brenham
73
21,110
156,981
119,151
41,643
181,230
23,960
107,132
162,277
336,020
75,131
36,795
51,626
140,933
27,647
49,308
108,937
58,246
18,131
29,337
22,476
563,581
11,082
227.113
30,200
"222
Selma
524
1,172
2,962
122
104
404
25,046
195,149
144,784
75
70,084
90
211,437
32,717
""25 183,973
308
278,388
546
543,608
20
83,775
70,304
^38
67,472
31
142,693
33
37,712
6
44,522
95,091
"275
104,684
28
19,915
22
38,292
29,898
653,215
1,607
179
23,575
279,658
3,631
100
8,217
17,173
960,436
2,857
7,355
"38
17,713
54,773
97,662
50,664
1,089 3,013,573
167,016
230
8,798
533
1,990
900
150
1,409
105
221
25
57
100
883
i
-
53
320
3,247
10,224
100
189
100
797
21,760
110
100
5,008
1,614
16,696
34
204
•
29
^
J..
12,288 7,116,037
♦Last year's figures are for
29,179 192,537
24,698
3,891
.
18,968 136,640
Louisville, Ky.
MOVEMENT
OVERLAND
11,393 7,770,574
FOR
WEEK
THE
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
in the last two years are as follows:
Shipped—
Via Rock
Sept. 1.
4,965
548,530
228,375
21,765
3,247
"346
248
89,489
130,406
142,006
410
....
384,496
213
Sept. 1.
645,638
fl245,440
8,408
170,498
127,335
190,745
448,176
7,481
1,545,067
5,685
1,836,240
348
729
1,011
142,871
124,567
102,642
1,242
2,119
194,241
103,001
79,271
1,486
370,080
4,090
376,513
227
Island
Via Louisville
Week.
Week.
v
Via St. Louis..
Via Cairo
-
-1911-12Since
-1912-13Since
27
738
.....
Via Cincinnati.
Via Virginia points
Via other routes,
866
...
Total gross overland
Deduct Shipments—
... .
Overland to N. Y., Boston. &C._
.
127
_
-
-
complaints
more
about
Cameron
'
Tex.—Dry all the week.
The thermometer
ranging from 72 to 100.
Kerrville, Tex.—Dry all the week.
The thermometer
has ranged from 62 to 96, averaging 79.
Lampasas, Tex.—We have had light rain on one day
during the past week, to the extent of eight hundredths of
an inch.
Average thermometer 85, highest 102, lowest 68.
Longview, Tex.—We have had no rain during the week.
The thermometer has averaged 89, the highest being 104
has averaged 86,
and the lowest 74.
week knd since Sept. 1
July 11.
in
Huntsville,
—
f"
Total, 33 towns
raised
bale
General condition of cot¬
are
and the lowest 72.
•
-«• M
..
First
there
Brenham, Tex.—There has been rain on one day the past
week, to the extent of forty hundredths of an inch.
The
thermometer has averaged 83, ranging from 70 to 96.
Cuero, Tex.—It has rained on three days of the week, the
precipitation reaching seventy-eight hundredths of an inch.
The thermometer has ranged from 70 to 98, averaging 84.
Dallas, Tex.—Dry all the Week.
Average thermometer
88, highest 106 and lowest 70.
Henrietta, Tex.—We have had no rain during the week.
The thermometer has averaged 89, the highest being 106
3,620
-
teriffic heat.
although
The minimum thermometer has been. 70.
500
288
such
good,
County was sold
July 10.
It has rained on one day during the week, the
rainfall being two hundredths of an inch.
Average thermo¬
meter 86, highest 95, lowest 76.
Abilene, Tex.—We have had no rain during the week.
882
322
is
weevils.
4,939
3,387
27,436
1,248
2,065
'
«.
ton
400
7
L
to withstand
412
250
harm.
a912
369
598
Luting, Tex.—Rain has fallen
on one
day during the week,
the rainfall reaching two hundredths of an inch.
The ther¬
mometer has averaged 86, ranging from 72 to 100.
/
Palestine, Tex—We have had ho rain during the past week,
Average thermometer 86, highest 100, lowest 72.
Paris, Tex.—It has been dry all the Week,
The ther¬
mometer has averaged 82, the highest being 100 and the
.
lowest 68.
San Antonio,
Tex.—We have had rain
on one
day during
of an
from
the week, the precipitation Teaching two hundredths
inch.
The thermometer has averaged 84, ranging
70 to 98.
Taylor,
Tex.-—There has been
rain the past week.
no
Minimum thermometer 72.
'
Leaving total net overland*
5,995
1,175,987
♦Including movement by rail to Canada,
a
1,595
1,459,727
Revised.
The foregoing shows the week's net overland movement has
been 5,995 bales, against 1,595 bales for the week last year,
and that for the season to date the aggregate net overland
exhibits
a
decrease from
a
of 284,740 bales.
year ago
1912-13In Sight and Spinners'
Week.
21,448
5,995
59,000
86,443
13,185,572
*16,891
Takings.
Since
Sept. 1.
9,451,585
1,174,987
2,559,000
95,501
,
Receipts at ports to July 11.
Net overland to July 11
Southern consumption to July 11.
Total marketed
Interior stocks in excess
Came into sight during week
Total in sight July 11
North, spinners' takings to July 11
♦Decrease
69,552
.....
12,445
-1911-12Since
Week.
Sept. 1.
13,080 11,439,333
1,595
1,459,727
56,000- 2,348,000
70,675 16,247,060
*7,575
36,203
63,100
...
13,281,073
2,384,872
15,283,263
13,182
2,536,750
during week.
Movement into sight
Week—
1911—July 14
1910—July 15.
1909—July 16—
...
—
.......
*
in previous
years.
Bales.
Since Sept. l-—
ipi. 1
.43,524 1910-11—Juiy 14.
.45,345 1909-10—July 15—
75,253 1908-09—July 16
"•
—
Bales.
.11,614,386,
10,225,949
13,357,325
Weatherfordt Tex.—There has been no rain the past week.
Average thermometer 89, highest 104, lowest 74.
Armore, Okla.—There has been rain on one day of the week,
the
to
extent
of three hundredths of
has averaged 88,
lowest 71.
mometer
ORLEANS
OPTION
MARKET.—The
highest/
lowest and closing quotations for leading
options in the New
Orleans cotton market for the past week have been as follows:
Sat'dau,
July 5.
Monday. Tuesday.
July 7.
July 8.
Wed'day. Thursd'y, Friday,.
July 9.
July
10. July
11.
July—
12.41-.59 12.40-.44 12.40-.44 12.40-.43 12.40-.43
12.42-.44 12.40-.41 12.40-.41 12.40-.43 12.42-.—
Range
Closing
August—
Range
Closing
11.96-.13 11.92-.98 12.00-.05 12.02-.04 11.96-.99
11.95-.97 11.97-.98 12.03-.04 12.0G-.02 11.98-.99
September—
Range
Closing
Holdenville} Okla.—It has rained on one day of the week,
the
precipitation being twenty-one hundredths of an inch.
The thermometer has ranged from 72 to 106, averaging 89.
Hilena, Ark.—We have had rain on two days of the past
week, the rainfall reaching one inch and eighty-two hun¬
dredths.
Average thermometer 82, highest 94, lowest 70.
i Eldorado, Ark. ".It has rained on one day during the week,
the rainfall having reached one inch and sixty-three hun¬
dredths.
The thermometer has averaged 84, the highest
being 98 and the lowest 70.
Little Rock, Ark—We have had rain on four days during
the week, the precipitation being eighty-one hundredths
of an inch.
The thermometer has averaged 84, ranging
from 73 to 96.
the
*
*
La.—It has rained
.
on
■"
*
two days of the week,
precipitation being eighty-eight hundredths of
an
inch.
has ranged from 68 to 94, averaging 81.
Alexandria, Lai—We have had rain on two days the past
The thermometer
week, the rainfall being seventy-four hundredths of an inch.
Average thermometer 83, highest 97, lowest 69.
Shreveport, La.—We have had no rain the past week.
The thermometer has averaged 86, the highest being 99
and the lowest 72.
Vicksburg, Miss.—There has been rain on two days the
past week, the rainfall being nine hundredths of an inch.
The thermometer has averaged 83, ranging from 70 to 97.
@ — 11.53-.56
11.59-.61 11.54-.58
11.53-.55 11.53-.56 11.60-. 62 11.60-.61 11.56-.—
Miss.—We have had no rain the past week.
has ranged from 58 to 102, averaging 80.
Meridian, Miss.—We have had rain on two days of the
Columbus,
The thermometer
October—
Range
Closing
HOLI¬
DAY
December—
Range
11.40-.49 11.40-.49 11.46-.57 11.50-.59 11.44-.53
11.42-.43 11.46-.47 11.56-.57 11.51-.52 11.47-.48
11.39-.47 11.38-.46 11.44-.5$ 11.48-.58 11.43-.51
11.40-.41 11.44-.45 11.54-.55 11.49-.50 11.45-.46
Closing.:
January—
Range
11.41-.48 11.41-.48 11.48-.55 11.49-.60 11.43-.51
11.42-.43 11.46-.47 11.55-.57 11.52-.53 11.47-.48
Closing
March—
Range
11.49-,55 11.53-.55 11.59-.65 11.63-. 66 11.55-.59
ll.51-.52 11.54-. 55 11.63-.64 11.59-. 60 ll.o6-.5T
Closing
Tone-
Spot
Options
inch. '• The ther¬
Marlow, Okla.—We have had no rain during the week.
The thermometer has averaged 87, ranging from 72 to 102.
New Orleans,
NEW
an
the highest being 105 and the
...
Quiet.
Steady,
Quiet.
Steady.
Quiet.
Steady.
Quiet.
Steady.
Quiet.
Steady.
past week, the rainfall reaching seventy-four hundredths of
an inch.
Average thermometer 80, highest 94, lowest 66.
Mobile, Ala.—Crops are in good condition and maturing
rapidly.
Minor damage by the weevil.
We have had rain
three days of the week, the rainfall reaching thirty-three
hundredths of an inch.
The thermometer has averaged
on
§3, the highest being 98 and the lowest 70.*
/V
Montgomery, Ala —We have had rain on two days during
the week, the precipitation reaching twenty-four hundredths
July 12
of
an
CHRONICLE
THE
1913.]
COTTON CONSUMPTION AND OVERLAND MOVE¬
The thermometer has averaged 84, ranging from
inch.
12$
70 to 99.
MENT TO JULY 1.—Below
Selma, Ala.—Rainfall exceedingly partial.
We have had
rain on two days the past week, the rainfall being fifteen
hundredths of an inch.
The thermometer has ranged from
69 to 03, averaging 82.5.
Washington, Ga.—It has rained on two days of the week,
the rainfall being one inch and four hundredths
Average
thermometer 81, highest 97 and lowest 65.
Agusta, Ga.—We have had rain on one day during the
week, the rainfall reaching seventy-two hundredths of an
inch.
The thermometer has averaged 84, the highest being
crop
ended June 30 for three years:
1912-13.
Ga—Rainfall for the week, thirty-two hun¬
dredths of an inch, on three days.
The thermometer has
averaged 81, ranging from 72 to 95.
Dyersburg, Tenn.—lt has rained on three days of the week,
the precipitation reaching one inch and sixty hundredths.
The thermometer has ranged from 52 to 94, averaging 73.
Milan, Tenn.—lt has rained on three days during the
week, the rainfall being eighty-seven hundredths of an inch.
Average thermometer 79, highest 96, lowest 61.
Mem-phis, Tenn.—Crops in fine condition.
We have had
rain on three days during the week, the rainfall reaching
one inch and eighteen hundredths.
The thermometer has
averaged 81, the highest being 95 and the lowest 71.
Gainesville, Fla.—There has been rain on five days the
past week, to the extent of two inches and eighteen hun¬
dredths.
The thermometer has averaged 81, ranging from
&<wmnah,
—
,
—
INDIA COTTON MOVEMENT FROM ALL PORTS.
week, to the extent of one inch and twenty hun¬
dredths.
Average thermometer 83, highest 95, lowest 71.
Charleston, S. C.—The week's rainfall has been eighteen
hundredths of an inch on two days.
The thermometer has
averaged 83, the highest being 92 and lowest 75.
Spartanburg, S. C.—Rain has fallen on one day during the
week, the rainfall reaching one inch and forty-seven hun¬
The thermometer has averaged 78, ranging from
Exports
94.
Friday having been
holiday, we went to press on
Thursday night, and our cotton statistics, therefore, covered
an imperfect week.
We have this week, however, revised
all the results so as to make them cover the full week ending
Friday. July 4, and they are as follows:
a
1912-13.
:/>;v
V,:;'
Net receipts......—
Stock at U. S. ports.
v'
Week.
...
Foreign expotts
...
Visible supply
American visible.
Interior town receipts
Interior town shipments
Interior town stocks_•...._
__
__
Receipts from plantations
Net
overland
Southern consumption
_
!_
_
Interior stock decrease
Into sight
Northern spinners' takings
World's takings.
American takings
Other takings. 1
_
....
_
__
*
19,000 2,420,000
20,00<3 2,242,000
Since September 1.
Great
Conti¬
Japan
Britain.
nent.
dkChtna
Increase.
;
.
SinceSep. 1
Week.
\SinceSep. 1
16,946 11,426,253
21,534 9,430,137
324,163
226,720
38,610 16,280",978
43,884 8,365"343
3,155,945
3,256,196
2,184,945
1,892,196
8.869 7,759" 181
12,677 7,103,749
20,039
30,937
144,215
209,428
5,776 11,470",030
3,274 9",542",529
1,458,132
3,529
1,618,992
2,652
56,000 2,292,000
59,000 2,500,000
*43,778
11,170
♦112.392
18,260
65.305 15,220,163
64,926 13,211,521
37,930 2,523,568
15,307 2,372,427
329,341 17,378,636
349,639 16,446,610
250,000 12,684,810 .224,941 13,887,636
104,400 3,491,000
99,000 3,761,800
;
/•
;
1911-12-
15,000
7,000
1910-11-
TAKINGS
OP
COTTON."
Visible supply July 4
Visible supply Sept. 1
American in sight to July 11
Bombay receipts to July 10
Other India
snipm'ts to July
Alexandria receipts to July 9
7,000
Visible supply July 11_.
Total takings to July 11
Of which American
Of which other
1,000
3,000
25;000
22,000
3,000
35,000
16,000
19,000
i",66o
f.doo
3,000
8,000
Week.
Madraa—
1912-13-
.
1910-11-
200
19,000
4,000
21,000
3,000
1911-12-
.
22,200
8.000
29,300
1,000
300
All others—
1912-13-
8,000
5,000
6,000
1910-11-
23,000
17,000
63,000
9,000
1,000
1,000
•
6.000
6,000
234,000
158JJ00
256,000
115,000
66,000
372,000
241,000
tf.QOO
322,000
V
Total all—
Not R eceived
1912-13-
1911-12.,
889,000 1,444,000
33,000
522,000
121,000 1,193,000
5,000 25,000
15,000
20,000
15,000
1910-11-
616,300 1,930,300
♦Estimated,
ALEXANDRIA RECEIPTS AND SHIPMENTS.
1912-13.
1911-12.
1910-11.
1,500
7,453,851
Alexandria, Egypt,
July 9.
3,000
7,255,697
4,000
7,573,546
'
Receipts (cantars)—
•This week
Since Sept.
...
11
.
_
_
This
:
To Continent and
3,000
2,750
6.750
1,000
India.
To America.
Total
Since
Week. Sept. 1.
To Liverpool
To Manchester
.
This
This
Since
Week. Sept.
1.
Note.—A cantar Is 99 lbs.
MANCHESTER
Since
Week. Sept. 1.
198,605
202,750
203.182
5",5OO 227,936
392,921
122,365
7,250 374,412
111,291
13,500 921,218 '12,250 912,244
exports
5",250
211.256
213,466
398,358
119,514
5,250 942,594
Egyptian bales weigh about 750 lbs.
MARKET.—Our
report received by
to-night from Manchester states that the market is
steady for both yarns and shirtings.
The demand for both
India and China is poor.
We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
*
1912.
1913.
lbs. Shirt¬
Mid.
to
d.
854 lbs. Shirt¬
d. ■.
d.
finest.
32s Cop
Twist.
Upl's
d
s.
Cot'n
ings, common
Col'n
ings, common
32s Cop
Twist.
Mid.
to
a.
d.
b.
finest.
s.
Upl'i
d.
d.
M'y
23
10
io Vi
6
2
30
10
10 H 6
2
6
10
10H 6
13
10
@11
@11
4H
2
.2
4H
6.61 9 H
@11
.@11 4^
2XCcrll 5
2 >£@11 5
8.67 9 H
6.36
1>4@11 3
154 @11 3
10H
1054
6.79 9 H
6.30
June
.20
6
10^4
10 %
@
6
1>4@11
2
@11
lH(a 11
1>4@11
10 H
@
11
6
2
@11
6
6.70 9H
10 13-16 6
2 >£ @11
10H
@
11
6
2
@11
6
6.76 10
10 15-16 6
3
10K 6
10%'6
10% 6
6.77 9 H
6.79 954
6.75
©
©
&
911-16©
10X
1054
1054
10M
6
6
6.45
3
3
2
6.63
2
6.62
4
6.86
@11 5
7.07
6.63
July
Season.
3,155,945
3,256,196
l",603",418
2,135,485
16
_.
_j
69,552 13,281,073
24,000 2,633,000
10,000
455,200
300
993,900
6,000
314,000
NEWS.—Shipments in, detail:
Total bales.
To
To
400
9,000
3,082,555 2,980,170
283,493 16,730,103
214,193 12,899,003
69,300 3,831,100
To
2,242,000
289,000
967,400
248,000
3,366,048 19,812.658 3.254,445 20,633,081
3,082,555
Lo
63",100 15,283,263
20,000
6,000
2,980,170
274,275 17,652,911
219,875 14,107.511
54,400 3,545,400
a This total embraces the total estimated
consumption by Southern mills,
2,559,000 bales in 1912-13 and 2,348,000 bales in 1911-12—takings, not
being available;—and the aggregate amounts taken by Northern and foreign
spinners, 14,171J03 bales in 1912-13 and 15,304,911 bales in 1911-12, of
which 10,340,003 bales and 11,759,511 bales American.
61,000
40,000
57,000
33,000
2,000
1~666
1911-12.
L * SSbra9e? Receipts in Europe from Brazil, Smyrna, West Indies, &c.
J*
806,000 1,155,000
584,000 1,522,000
338,000
881,000
NEW YORK—To Liverpool—July 9—Baltic, 8,263;
Other supply to July 9 *
Total supply
Deduct—
Season..
Totai.
China.
1,000
SHIPPING
Week.
Japan
&
11,000
57,000
19,000
4,000
1911-12-
11
1912-13.
nent.
i",66o
1912-13-
1910-11-
4
Cotton Takings.
-Week and Season.
Conti¬
Britain.
Calcutta—
27
WORLD' SUPPLY AND
Total.
Not R eceived
1912-13-
cable
1911-12.
Great
Bombay—
Exports (bales)—
COTTON STATISTICS FOR WEEK ENDING JULY 4.
Last
Since
Sept. 1.
i
•
from—
,
;
day, the rainfall having reached eleven hundredths of an
inch.
The thermometer has averaged 79, the highest being
98, and the lowest 59.
Charlotte, N. C.—There has been rain on two days the past
week, the rainfall reaching three inches and thirty-six hun¬
dredths.
The thermometer has averaged 78, ranging from
to
|
Week,
Sept. 1.
Week.
Sept. 1.
*24,000 2,633.000
Bombay.
1911-12-
:
Greenville, S. C.—Rain has fallen on three days of the week,
the precipitation being one inch and forty-six hundredths.
The thermometer has ranged from 57 to 95, averaging 76.
Raleigh, N. C.—We have had rain on one day during the
past week, the rainfall being four hundredths of an inch.
Average thermometer 79, highest 94, lowest 64.
Lumberton, N. C.—It has rained during the week on one
61
1910-11.
Since
Since
Week.
the past
58 to 97.
1911-12.
1912-13.
July 10.
Receipts at—
.
Madison, Fla.—Rain has fallen on two days of the week
to the extent of, ninety-five hundredths of an inch.
The
thermometer has ranged from 72 to 92, averaging 82.
Tallahassee, Fla.—We have had rain on one day during
dredths.
1910-11.
—__bales.
38,317
45,988
31,966
Gross overland for 10 months
1,533.092 1,825,593 1,301,736
24^787
Net overland for June
35,244
18,728
Net overland for 10 months.
;
1,165,596 1,455,215 1,020,805
Port receipts in June..
105,864
75,626
—
136,056
Port receipts in 10 months—.—.——
9,415,110 11,412,644 8,359,876
226,955
154,305
172,196
Exports in June
———
8,345,717 10,247,384 7,357,745
Exports in 10 months.
...
348,716
Port stocks on June 30
239,090
203,283
Northern spinners* takings to July 1
2,357,510 2,516,064 2,085,753
Southern consumption to July 1
2,458,000 2,244,000 2,050,000
Overland to Canada for 10 months (in¬
144,414
cluded in net overland).
130,088
128,591
143
7,777
Burnt North and South in 10 months
Stock at North interior markets July 1
22,342
18,964
19,056
323,174
Came in sight during June—
231,379
305,853
Amount of crop in sight July
13,163,706 15.164,859 11,513,556
878,457
Came in sight balance of season
618,776
Total crop.
16,043,316 12,132,332
•_
—
513.73
510.45
516.35
Average gross weight of bales.
488.73
491.35
485.45
Average net weight of bales.
Tor the Week.
■
1911-12.
Gross overland for June
—
100 and the lowest 68.
68 to 94.
we present a synopsis of the
movement for the month of June and the ten months
To
upland. 17,Peru 8,280
London—July 3—Minnetonka, 675675
Havre—July 5—Rochambeau, 1350 upland, 45 Sea Island— 1,395
Bremen—July 9—Friedrich, 400
400
Barcelona—July 7—Montevideo, 100
-_i—
100
Genoa—July 3—America, 1; Priness Irene, 1,611—July 9—
2,282
700
200
2,477
2,477
NEW ORLEANS—To Liverpool—July 10—Mechanician, 5,450— 5,450
To London—July 5—-Victorian, 50.
50
To Hamburg—July 5—Norman Monarch, 2,239..
2,239
To Barcelona—July 8—Conde Wilfredo, 800
800
CHARLESTON—To Bremen—July 5—Volnay. 3,159
3,159
BALTIMORE—To Bremen-—July 9—Main ,2,828.
2,828
PHILADELPHIA:—To Liverpool—July 3—Merlon, 631
631
SAN FRANCISCO—To Japan-^July 9—Nile, 104...July 10—
Chicago Maru, 202.
aI'
306
PORT TOWNSEND—To Japan—July 8—Canada Maru, 69---69
Ivernia,
To
670
—-
Naples—July 3—Priness Irene, 100—July 9—Ivernia, 600-
To Leghorn—Judy 3—Italia, 200-----GALVESTON—To Hamburg—July 7—Wellington,
.
——
—
-
-
__
—
.
Total-,
_
.
...
.32,041
126
CHRONICLE
THE
LIVERPOOL.—By cable from Liverpool we have the
following statement of the week's sales, stocks, &c., at that
port:
June 20.
Sales of the week
Of which speculators took.
Of which exporters took..
Sales,
American
Actual export
Forwarded
Total
stock—Estimated
Of which American
Total imports of the week.
Of which American
Amount afloat.
Of which American __.__.i_
_
June 27.
48,000
2,000
1,000
40,000
6,000
67,000
1,009,000
826,000
61,000
50,000
92,000
57,000
39,000
3,000
1,000
32,000
7,000
65,000
982,000
794,000
48,000
\
9,000
88,000
934,000
743,000
48,000
28,000
45,000
27,000
44,000
26,000
76,000
48,000
The tone of the Liverpool market for
July 10.
32,000
2,000
1,000
30,000
4,000
44,000
896,000
706,000
9,000
4,000
46,00
24,000
July 4.
56,000
3,000
1,000
spots^ and futures
each
day of the past week and the daily closing prices o*
spot cotton have been as follows:
-tr
Spot.
Saturday.
-
"
Monday.
Wednesday.
Tuesday.
Friday.
Thursday.
Fair
Market,
12:15
Limited
Good
Good
Good
business
demand.
P. M.
demand.
demand.
demand.
doing.
■
6.69
6.66
6.71
6>6
5,000
10,000
10,000
10,000
8,000
500
Mld.upl'ds.
Sales
6.70
1,500
500
1,000
500
Steady,
1
_•
Spec.&exp.
Futures.
Quiet,
Market
Market,
f
% point
/
Quiet.
Quiet,
1 point
decline.
1
opened
J
/•
■
Steady,
-
decline.
.
unch. to
advance.
Quiet,
DAY.
3 points
% pt. adv.
HOLI¬
Steady,
1'
[Vol.
On
ports.
Tuesday 300,000 bushels were taken by ex¬
same way.
On Wednesday they took, itfis
stated, some 1,500,000 bushels, partly to arrive here, partly
at Chicago and partly via the Gulf ports.
This indicates
a certain
anxiety, it would seem, on the part of Europe to
replenish its supplies.
The United Kingdom has been com¬
plaining of drought.
Supplies of native grain in France are
very small.
In Southern Russia the crop outlook is gen¬
erally unfavorable.^ Supplies at Russian ports are small.
Military operationspnay hinder harvesting in Roumania. The
war in Bulgaria and Servia has been unfavorable both for the
crop and harvesting, as help is scarce and fields are neglected.
Heavy rains in Hungary have hindered harvesting.
In
India the absence of rain is felt and the offerings of whi at a»e
small,with prices firm.
Poor germination is reporedi n
Australia.
On Thursday prices were higher on the
strength
of the Government report,
particularly the report on the
spring-wheat crop.
A big export business was also reported.
To-day prices were easier, owing to general rains in the
spring-wheat section.
Also new export business was some¬
what less active, partly due, to the f act that the
Liverpool
market was closed, owing to the holiday on account of the
opening of the Gladstone dock and the visit of the King.
Yet at, the West it is said that some 800,000 bushels more
were taken for
export, though it would appear that a portion
of this was business done within a
day of two and not before
porters in the
reported.
Steady,
Quiet,
1
P. M.
Quiet,
unch. to
4
2@3 pts.
adv.
pt.
%
pt. dec. to
2 pts.
pts. dec.
pts. adv.
pts. adv.
The prices of futures at Liverpool for each day are given
below.
Prices are on the basis of upland, good ordinary
July delivery in elevator
September delivery in elevator
December delivery in elevator.
a
' 1
CLOSING
PRICES
98 %
96%
99%
day.
OF
WHEAT
Sat.
1
Sat.
Mon.
Wed.
Tues.
Thurs.
Fri.
.
to
July 11.
4
4
12%
12%
12%
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.
d.
July.....
July-Aug.
Aug.-Sep.
Sep .-Oct
Oct.-Noy.
6
....
....
_
Nov.-Dec
Dec.-Jan.
Jan.-Feb.
Feb .-Mar.
d.
d.
d.
44
6
12%
43
•
____
Mch.-Apr.
Apr.-May.
May-June
June-July
d.
42% 41% 39% 43
42
40% 39
42%
6 35
33
34
31
34%
6 24
23
21
21% 19
6 18
13
15
16% 15
6 14
09
11
12% 11
6 13
12
10% 08% 10%
6 13
10% 08% 10%
12.
*6 14% 13% 12
10
12
6 15% 14% 13
13
11
6 16% 15% 14
12
14
6 17% 16% 15
15
13
6 17% 16% 15
13,
J5
12%
d.
4
d.
12%
d.
4
4
12%
d.
d.
d.
45
50
46
48%
44% 45% 49% 48
36% 37% 42
40%
23
24/ 28
26%
22
16% 18
20%
12% 13% 17% 16
12
13
17
15%
12
13
17
15%
13% 14% 18% 17
14% 15% 19% 18
15% 16% 20% 19
16% 17% 21% 20
16% 17% 21% 20
.
Holi¬
day.
Friday Night, July 11 1913.
,
harp decrease in the spring-wheat yield, business became
active, and on Wednesday sales were reported here of
75,000 barrels, mostly spring patents, at from $4 50@
$4 60 in jute, with some mills asking higher prices.
Also
the big export demand for wheat is not without its effect on
flour.
The supply of spring clears here is reported small.
The tone has become firmer.
The production at Minne¬
apolis, Duluth and Milwaukee last week was only 226,408
barrels, against 350,420 in the previous Week and 233,725
in the same week last year.
Kansas City and St. Louis re¬
port a fair business.
To-day the Northwest sold some patent
flour to Europe and the domestic demand there was also
some
-
Wheat showed weakness,
owing to good weather, favorable
crop reports and increasing movement of new wheat to
Chicago and the Southwestern markets.
One private report
put the total crop of winter and spring wheat at 710,000,000
bushels.
Some other guesses have been as high as 730,000,-.
000, or practically the same as the crop of last year.
July
has been very heavily sold and early in the week broke
sharply.
On Wednesday came the Government report;
it stated the condition of spring wheat on July 1 at
73,8,.
against 93.5 on June 1 and 89.3 on July 1 1912*
The condi¬
tion of winter wheat was placed at 81.6 on July 1,
against
83.5 on June 1 and 73.3 on July 1 1912.
The crop of winter
this
basis was estimated at 483,000,000 bush¬
399,919,000
in
1912
and
.430,656,000
in 1911.
The spring-wheat
crop
is estimated at only
218,000,000 bushels, against 330,348,000 in 1912, 190,682,000 in 1911 and 200,979,000 in 1910.
This makes a total
crop of 701,000,000 bushels, against 730,267,000 in 1912,
621,338,000 in 1911 and 635,121,000 in 1910.
The quantity
of wheat remaining on farms is estimated at
35,515,000
bushels, as compared with 23,876,000 a year ago, and
38,228,000 in 1911.
It will be seen that the Government
report cuts both ways.
It shows, in other words, a substan¬
els,
on
against
tial increase in the winter-wheat crop and a marked
fallingoff, judging from present appearances, in the spring-wheat
yield.
The world's shipments were 11,152,000 bushels,
as
against 10,576,000 the previous week and 13,024,000
last
From France the crop advices have been in
the main favorable.
The outlook is satisfactory in Ger¬
many.
In
the
Volga
region
of
Russia
the
crop
outlook is good
and in the central sections there is con¬
year.
tinued
improvement.
In ' Italy
the
prospects
are
improving.
On the other hand, there has of late been a very
heavy export business.
On Monday, indeed, exporters took
•half
a
;
million bushels to arrive at New York and via
Gulf
IN
CHICAGO.
Tues. Wed. Thurs.
88
87%
88%
92
88%
92%
97
96%
95%
98%.
Fri.
88%
89%
92%
87
88
91%
has fluctuated within
corn
comparatively narrow
limits,being governed by the variations in the weather.
At
times there'has been weakness, owing to favorable weather
conditions.
At others, however, it has shown noteworthy
strength, owing to apprehensions that dry weather may have
done harm.
At the same time there has been a good cash
demand.
Country offerings have been small.
In Kansas
temperatures have been as high as 110, the hottest of the
season.
On
Wednesday came the Government report.
It put the condition at 86.9 against 81.5 on July 1 1912,
The indicated
crop
outturn of 3,124,-
746,000 in 1912 and 2,531,488,000 in 1911.
To-day prices
declined on rains at the West.
They are lower for the week.
more
wheat
99%
97%
96%
99%
97
95%
98%
FUTURES
88%
89%
92%
80 in 1911 and 84 the 10-year average.
Flour in the fore part of the week was quiet, but after the
sublication of the Government wheat-crop report showing a
-
Indian
97%
is 2,971,000,(XXLbushels, against a final
BREADSTUFFS.
rather better.
•>.'
,
96
99
Mon.
July delivery in elevaotr.
cts.
September delivery in elevator
HoliDecember delivery in elevator
.day.
_
July 5
\v
/.
Holi-
.
DAILY
clause, unless otherwise stated.
-
A
.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW
YORK.
Sat.
Mon.
Tues.
Wed. Thurs.
Fri.
No. 2 red
cts.
98%
97%
97
2% @3 pts. 2% @3 pts.
adv.
xcvii.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
Cash
__cts. Holi-
corn...—
Nom.
Nom.
Nom.
Nom.
Nom.
day.
.
DAILY
CLOSING
PRICES
OF
CORN
FUTURES IN CHICAGO.
Mon.
Tues.
Wed. Thurs. Fri.
Sat.
July delivery in elevator ...—cts
September delivery in elevator...
HoliDecember delivery in elevator
day.'
60%
61%
58%
_
60%
61%
58%
60%
61%
57%
60%
61%
57%
59%
60%
56%
Oats at times have shown the effects of
heavy liquidation.
single day one interest sold out 1,250,000 bushels for
long account, which caused a sharp decline.
The crop
movement is liberal and stocks are increasing.
Some sold
out, thinking the Government report would not be as bad
as had been expected.
It turned out that it gave the condi¬
tion on July 1st at 76.3%, against 87 on June 1st and 89.2
on July 1 1912.
0 This would indicate on its face a sharp de¬
crease in its yield.
Based on the above conditions, the crop
is estimated at 1,013,000,000 bushels, against 1,418,337,000
On
a
last year
had put
and 922,298,000 in 1911. Some previous guesses
the Government figures at 1,023,000,000 bushels,,
or very close
to the actual figures.
They caused selling.
The question arises whether the Government report has been
discounted
or
Prices at
not.
time
one
further below
were
those at the
corresponding date last year than they are now.
To-day there was a decline, owing to a better crop outlook in
Indiana and Illinois.
the
week.
Prices show
.
DAILY CLOSING
Standards
.
PRICES OF OATS IN
Mon.
Sat.
Tues.
.cts. Holi- 47@47%
No. 2 white
substantial decline for
a
.
day.
NEW
Wed.
..
YORK.
Thurs.
Fri.
46@47 46@46%J 45@45%
47% ."
47
46
48
•
44%@45
45%,
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO,
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
,
July delivery in elevator
cts.
September delivery in elevator....
December delivery in elevator..—
Holi-
40%
42
40%
41%
day.
43%
43
39%
.40%
42%
39"
40%
42%
38
39%
40%
The following are closing quotations:
FLOUR.
$3 10@$3 50 Spring clears
|4
5 40 @ 5 75 Kansas straights, sacks. 4
Winter straights....-- 4 60@ 4 80 Kansas clears, sacks
3
Winter clears
4 10@ 4 35 City patents
5
3
Spring patents
4 85® 5 10 Rye flour.
4
Spring straights
4 60@ 475 Graham flour
Winter, low grades
Winter patents
00 ( >$4 25
25< > 4 40
75 < > 4 00
95 < > 6 60
65<
3 90
00 @ 4 75
GRAIN.
Corn,
Wheat, per bushel—f. o. b.
$1 00%
98 %
Spring. No. 1
N. Spring, No. 2
N.
Red
winter, No. 2.
97
97 %
Hard winter. No. 2
Oats, per bushel, new—
Standards
No. 2, white
No. 3—
cts.
elevator Nominal
Steamer
No.
Rye,
elevator Nominal
3
per
No.
c.i.f. Nominal
bushel—
2
69%
State and Pennsylvania_.Nominat
44 % @45
45% Barley—Malting
55 @57
-44 @44%
For other tables usually given here,
AGRICULTURAL
CEREAL CROPS,
bushel—
per
No. 2
see
page
96.3
DEPARTMENT'S
REPORT
ON
&C., TO JULY 1.—The Agricultural
Department issued on the 9th inst. its report on the cereal
crops for the month of June as follows:
^
.,
July 12
The Crop Reporting Board of the Bureau of Statistics of the United States
Department of Agriculture estimates, from the reports of the correspondents
and agents of the Bureau as follows for the United States:
Acreage 1913
—Condition July 1—
Cond.
10-Year
June 1
1913.
1912.
Avge.
116.4
30,938,000
81.6
73.3
79.9
1913.
Winter wheat
Spring wheat
97.0
18,663,000
73.8
89.3
85.3
of
%
All
Acres.
1912.
Crop—
.
108.3
99.8
101.1
Corn.'
Oats
7,255,000
83.5
93.5
87.2
81.9
84.0
84.5
80.1
81.5
89.2
78.6
86.9
76.3
49,601,000
106,884,000
38,341,000
96.3
wheat
- —
87.0
87.1
90.9
...
3,685,000
88.3
88.2
88.9
85.4
89.7
88.9
1,144,350
2,425,000
824,100
82.8
82.0
88.4
87.7
88.9
86.3
84.8
87.2
88.5
----
85.2
67.9
*82.2
59.1
87.5
67.1
_
White potatoes
Tobacco...
76.6
88.6
86.2
80.5
59.4
Barley
Rye..
_.
99.3
93.4
85.1
Flax..
•
114.0
Rice
Hay
Apples
*
Five-year average.
The amount of wheat
'
•
.
•
on farms July 1 is estimated at 4.9%
35,515.000 bushels, as comparedwith23,876,000
34,071,000 on July 1 1911.
-■
The yields Indicated by the condition of crops on July 1 1913 and final
yields in preceding years, for comparison, follow:
Total production in millions
Yield per Acre
of bushels.
1912 1908-12
1912
1911
1909
remaining
of last year's crop, or about
bushels on July 1 1912 and
>
steadier, with the result that printers
margin of profit
on the finished prints.
Aside from moderate inquiry from
China, export business has turned quiet.
A small business
has come through from Manila and South America, but
India and Red Sea markets are withholding, probably in
and cotton yarns are
and converters are left on a very narrow
expectation of better prices later. In dress goods a fair
duplicate business is coming through for Fall but new busi¬
ness is very quiet.
The tariff uncertainty is delaying the
opening of Spring 1914 lines as manufacturers state that they
cannot name opening prices until they know definitely the
extent of the changes to be made in the tariff.
The same
is true of men's wear, and though some Spring business has
been put through, it is entirely of a speculative nature.
DOMESTIC COTTON GOODS—The exports of cotton
goods from this port for the week ending July 5 were 2,739
packages, valued at $176,874, their destination being to the
points specified in the table below:
Final. Final. Census.
Avge. al913.
al913.
Final.
bush.
bush.
bush.
bush.
15.6
15.1
15.2
483
Winter wheat
bush.
430
418
China
265
India...
330 *. 191
218
-
Other European
bush.
400
7
—
-
17.2
13.3
14.1
27.8
26.9
15.9
29.2
37.4
14.5
26.5
29.7
701
2,971
1,031
730
3,125
1,418
621
2,531
922
683
2,552
1,007
Arabia.:
22.8
Rye
16.1
White potatoes..—93.1
Tobacco, lbs...—.—..809.0
29.7
16.8
113.4
785.5
24.5
16.2
96.1
822.3
165
160
33
293
905
173
30
389
1,056
8.7
33.0
9.8
34.7
8.2
33.7
21
27
28
.25
19
23
20
22
73
55
69
oats-"".".":::
Barley
*
—
—
Flax
Rice.
—
1.38
1.47
1.33
Hay, tons....
343
18,737
Interpreted from condition reports.
a
comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports July 5 1913 was as follows:
•
supply of
visible
The
grain,
UNITED STATES GRAIN STOCKS.
Amer. Bonded
Amer. Amer. Bonded Amer.
•
Wheat. Wheat.
New York
Boston
—
—
Baltimore?
New Orleans...,
...
1
200
Buffalo...
.....i. 1,185
Toledo
185
Detroit-...-....----.
170
Chicago...—^L—
1,509
Galveston.—....
afloat..
'
1,127
150
18
9,071
.'.142
824
.....
.129
515
109
35
390
636
*■' 68
528
792
280
38
223
561
191
320
121
435
....
....
,
....
Milwaukee—ZI.:
232
618
St. Louis
Kansas City
...
831
....
....
—,
Peoria.....—...—.
45
Indianapolis.....—..
237
441
48
Omaha.-.
On Lakes.
:
*
On Canal and River
'
bush.
^
1
1
bush.
386
167
bush.
650
19
3
121
236
6
1,029
40
77
6,237
665
233
....
—_
226'
33
Duluth
Uii—8,338
Minneapolis—
14,844
"
\
Amer. Bonded
Rye. Barley. Barley.
Oats.
Oats.
bush.
103
9
594
94
126
75
245
Philadelphia...
Corn.
bush.
296
687
bush.
617v
96
In Thousands—
....
----
bush. bush.
79
135
2
74
107
305
140
45
13
....
....
....
',....
334
....
....
....
17
5
....
....
14
25
....;
71
—
10
599
18
60
118
5
....
—..
,
•
-
7
<
....
—_
66
—.
14
—-
698.:
465
107
41
----
....
—.
....
140
1
----
----
■'
2.739
176
350
1,295
449
1,478
96
21,403
432
489
134
2,937 11,655 15,754 .
736
3,196 11,479 14,696
822
2,624
7,355 3,210
308
CANADIAN GRAIN STOCKS.
Canadian Bonded
Canadian
Bonded
'Wheat. Wheat.
Corn.
Oats.
Oats.
5,1913.-29,470
6 1912
;
>
bush.
bush.
1,117
Montreal-
Ft.William & Pt.Arthur 5,578
....
3,045
bush.
5 1913.. 9,740
Total June 28 1913..11,065
Total'July
7
8,911
Total July
6 1912..11,226
•
•
•
11
....
.
29,470
Total July
..
9,740
5 1913..39,210
Total June 28 1913..41,228
Total July
6 1912_.32.629.
THE
.
110
•'
—,
686
78
....
....
438
7
.
Oats.
bush.
Rye. Barley. Barley,
bush.
bush.
bush.
2,937 11,655 15,754
7
8,911
....
350
HQ
1,295
686
2,937 11,662 24,665
3,196 11,490 24,003
2,624
7,356
8,276
736
822
308
460
927
432
1,981
1,916
496
bush.
Corn.
bush.
Oats.
DRY GOODS
736
176
—
176.
96
134
TRADE.
New York, Fridayr Night, July 11, 1913.
Owing to the steady arrival during the week of out-oftown jobbers and buyers who are coming here to attend the
semi-annual convention, the dry goods market has displayed
renewed,activity in preparation for their reception.
The
week opened with a large accumulation of mail business
after the holidays, and a generally better tone prevailed
:
V..
'
—
172,092
1,744
1
192
380
13,740
26,311
1,695
11,561'
39,160
38,085
—
229,655
since Jan. 1 has been
$13,834,802 in 1913, against $15,009,078 in 1912.
While it is still evident that merchants are inclined to
conservative lines, markets for domestic cotton
moderately active with the undertone steady.
The unusual attention that is being displayed in new mer¬
chandise shown for spring is a very encouraging feature in
the Situation and dealers are looking forward to an active
trade.
Fancy cottons are selling well,, with many new lines
of novelties being shown for the spring season; more interest
is manifested in some lines of dress ginghams, and bleached
cottons are said to be well under order for this time of the
operate along
goods
are
with low grades firmer.
The fact that buyers are
becoming more numerous in the market is taken to indicate
that supplies in all sections need replenishing, and owing
to limited stocks in first hands many are finding it a diffi¬
cult matter to cover their requirements.
Some are holding
off in the expectation of lower prices owing to the favorable
crop outlook, while others are not inclined to look for any
decline in cotton values, at least during the early fall season.
Wash goods are in quite active demand with a great deal of
interest noted in the opening of new lines for spring.
A
number of colored goods displayed are said to be above foreign
competition owing to the style and American design.
Print
cloths have been in more active demand with prices steadier.
year
Gray goods, 383^-inch standard, are quoted 5 1-16.
WOOLEN GOODS:
According to reports, a good busi¬
everywhere.
There is a steady call from retailers for spot
supplies of summer merchandise with which to hold special
hot weather sales, but little suitable merchandise is available
as
stocks have been almost entirely cleaned up.
On the
other hand jobbers are giving more attention to their fall
needs.
They find that prices are showing no signs of weaken¬
ing despite the threatenting tariff revision and that yarn
and raw material prices are also continuing firm.
Conse¬
quently, with their own stocks to date very low and the
prospect of a heavy early demand from retailers, they are
fearful of delaying longer in covering their needs for the cool
weather, especially as they are aware that mills are not turn¬
ing out any surplus goods and that there will be no accumu¬
lation to speak of at primary sources.
The feature of the
week has been the opening of numerous new lines of fancy
cotton wash fabrics, the texture, style and prices of which
are very attractive.
These are expected to prove quite an
attraction to out-of-town buyers who so far have given them
considerable attention. In print cloths, sales are quite satis¬
factory and there is every prospect of a firm market for some
time.
Goods in the gray are in steady demand at full, prices,
is being
booked in men's wear for Spring without an¬
openings.
The basis on which goods
are selling is said to be fully 10 per cent below opening quo¬
tations of a year ago.
The tariff uncertainties, however,
continue to restrict business and it is not expected that there
will be any great amount of activity in-any, of the markets
for woolen goods until this matter is definitely disposed of.
ness
nouncement of formal
FOREIGN DRY GOODS:
Demand for linens has been
less, active, but prices have held steady.
There continues
to be need for spot supplies, however, and jobbers are re¬
questing prompt .shipments of goods ordered.
In the local
staple color dress linens, particularly pinks and
blues, are scarce, and higher prices are predicted.
Burlaps
during the week have ruled firm with the trade in light
weights active.
Lightweights are quoted 5.85 to 5.90c.
and heavyweights at 7.,65c.
V
V
market
>
>
.
Importations and Warehouse Withdrawals of DryGoods
v
Total.
—
The value of these New York exports
Bonded
bush.
Wheat. Wheat.
Canadian......
—-
'
bush.
'
Bonded
Bonded
American.
686
.
'
bush.
bush.
110
5,066
....
SUMMARY;
-
Rye. Barley. Barley.
bush.
9,307
1
....
Bonded
Canadian
..—
1,949
4,123
2,839
....
Other Canadian..:
,
bush.
bush.
T
'....
,
i.._>
...
.
----
Total June 28 1913..30,163
Total July,
Total July
/
...
.
countries.
13,255
34,664
366
740
51
Central America..
Other
1,238
47,015
15,587
20,308
1,432
8,585
29,597
33,414
—
...
——
West Indies
South America
13
—
8,760
270
251
19
200
812
319
-
—
Africa.
Jan. 1.
2,931
1
475
374
Mexico
926
224
36
421
963
......
All wheat.....
Corn
Since
Week.
Jan. 1.
839
504
34,329
Week.
12
5—•
Great Britain....
bush.
Since
*
.
New York to July
11.7
wheat
Spring
1912
1913
>
,
Crop—
137
CHRONICLE
THE
1913.]
Entered for Consumption for the Week
Imports
and Since Jan. 1
Week Ending
Since Jan. 1 1913.
Pkgs.
Value.
July 5 1913.
Value.
Pkgs.
$
Manufactures of—
Wool
Cotton
Silk
15,081
74,589
38,978
52,034
71,849
3,584,382
20,575,636
17,014,999
5,325
8,411
........
—
1,393,304
2,000,439
252,531
280,815
59,070,040
59,565,661
1,163,
876
Flax
Miscellaneous.....
.'.
V. Total 1913—
"^Total
$
"
59,851
462,609
546,757
198,364
125,723
335
1,782
_A__
"
'
1,169
....
__
1912——
,
11,259,368
6,635,655
Warehouse Withdrawals Thrown Upon the Market.
Manufactures of—
7,092
1,792,228
17,166
5,037
4,961,582
2,086,465
14,974
61,896
3,111,942
2,651,862
398,393
1,393,304
106,165
252,531
59,070,040
1,791,697
2,389,880
358,69 6
417,398
73,674,119
74,280,511
394
110,650
433
118,873
Flax
122
398
Miscellaneous
545
51,329
83,125
34,416
1,892
5,325
7,217
10,317
Wool
Cotton
...._
__
Silk
Total withdrawals
t
...4
Entered for consumption.
Total marketed
J
1913
Total marketed
_
1912
Imports Entered for Warehouse
Manufactures of—
.
14,604,079
During Same Period.
,
139,787
218,452
104,275
158,609
75,326
12,834
21,779
5,753
19,473
73,198
2,961,667
6,154,209
2,270,096
4,252,076
2,597,987
2,655
696,449
5,325
1,393,304
133,037
252,531
59,070,040
7,980
.10,579
2,089,753
2,490,130
570
704
273
738
370
Wool—
Cotton
Silk
i
Flax
—
-
Miscellaneous
•<
Total
Entered for consumption
Total imports
Total imports
1913
1912_._,
_±>
385,568
419,388
18,236^035
77,306,075
74,135,862
128
THE
CHRONICLE
[Vol.
News
State
MUNICIPAL BOND SALES IN
Our record of sales of
xcvii.
items.
Atchison, Kan.—Formation of Bondholders' Protective Committeer—H. C. Speer & Sons Co., investment
bankers, Chi¬
cago, in an advertisement on a preceding page,
request the
holders of unpaid Atchison,
Kan., 4% bonds due July 11913,
to communicate
immediately with them for important in¬
JUNE.
municipal bonds shows that during
June conditions
were worse than during any of the months
No less than 731 issues, aggregating approxi¬
formation and with
preceding.
bondholders.
mately 61
millions
of
these
about
offered for sale last month, and
were
,
bonds offered without
totaled
success
Plant.—The appraisal report of Engineer Nicholas S^Hill Jr.
York, one of the two experts retained to value the
holdings of the New York & New Jersey Water Co., was
transmitted to the Council by Mayor Cronin on
of New
largest issue advertised but not sold in June
was
$11,458,000 40-year 4s offered by the State of Tennessee.
It
absolutely
was
July 8.
Mr. Hill places the value of the
property, exclusive of the
Belleville wells and the North
Arlington holdings, at $2,254,688.
C. C. Vermeule, the other
that funds be secured to redeem
necessary
$9,222,000 bonds of the State due July 1, and after the fail¬
to float this issue of
ure
bonds, the State
obliged to get
was
Cape May, N. J.-—-Vote.—We
bonds to raise the $9,222,000
required, this 5% obligation
The State of North Carolina was also
in the market for funds in June.
for
In this
000.
An effort is
counter.
bids
case
$1,142,500 4s and the offers received
were
a
to 223
porary
advised that the vote
County (P.
O.
Murphy), No. Caro.—Tem¬
on July 7 signed an
Injunction.—Judge Frank Carter
The action of the State of Tennessee is not the
advertising or selling $75,000 bonds voted June 2 by Valley
Township jn aid of the Hiawassee Valley Ry. Co. A hearing
will be had July 25 on the
question of making the order per¬
manent.' '■
'■
;v
'
,; "
7 V.
Denver, Colo.—District Court Refuses to Take Jurisdiction
in Suits
Involving Commission Form of Government,—-District
Judge John H. Denison on July 3 refused to take jurisdiction
in two cases involving the
constitutionality of the commission
only instance where short-term loans have been resorted to
in order to raise funds to take
of maturing
obligations.
City of Seattle, Wash., recently sold $975,000 5 % 2%-
The
are
on
"against."
Cherokee
the
over
July 1
some
the question of establishing
commission form of government
(V. 97, p. 63) was 143 "for"
for only $154,-
being made to sell the bonds
now
cast at the election held
asked
were
engineer, reported
figure being $2,304,688.
weeks ago, his
authority to put out $9,401,000 1-year 5% temporary loan
bringing only 98.10.
'
•
Bayonne, N. J.—Appraiser's Report as to Value of Water
$19,000,000, in April
$18,000,000 and in March $15,500,000.
The
securing co-operation of all
protective committee.
In May the
25% millions failed to sell.
view of
a
At the request of a large
number, the bankers
have undertaken the formation of a suitable
bondholders'
care
...
(average) bonds to local banks at
year
amount of bonds due
,
failure to sell
an
July 1.
This action
was
taken after
issue of 5% 1034-year (average) refunding
bonds, the only offer for the
of Louisiana is
to meet a like
par
being at 96.06.
same
considering floating
financial conditions
are
a
The State
form of government.
This action was taken under
statute wdiich provides, it is said, that none but the
temporary loan until
opportuhe: for the sale of the
more
$11,108,300 4s offered without
in April.
Court
shall
adjudicate disputes
A block of
of charters
or
$1,300,000 5s of the City of San Francisco offered last month
and second
classes,
did not attract
a
single bid.
success
In
spoke of the concessions which had to be made in order
we
sell $5,104,000 San
one
Francisco 5s.
of the conditions of this sale
It
was
to
that the bonds would be
delivered in blocks of $1,100,000 each month, beginning in
May.
It
that the syndicate which
now appears
to have
purchased the issue
same.
This
June
now
option
was
took
only
exercised in the
case
was
nized under
of the May and
of the
privilege of taking
reason
buyers will not avail themselves
the remaining $2,904,000.
The
reached
a
sales
total of
made.
'
.
actual
of
This does not include the
-
$27,000,000 New York State notes or $9,401,000 temporary
loan tJonds of the State of Tennessee.
These we include in
municipalities.
were
we
furnish
1913.
1912.
J
1911.
1910.
$
$•
'■'*
"
Perman't loans (U. S.)_ 35,874,542 49,485,807
Temporary loans (U.S.) 58,367,761 14,093,788
Canadian loans (perm.)
3,362,073
6,460,091
Bonds of U.S.possessions
None
None
Panama bonds..
None
None
Gen.Fd.bds.(N.Y.City)
,
Total
.........
5,000,000.
None
the
as
follows:
ALLENDALE,
Barnwell
PROPOSED.—According
to
County, So. Caro.—BOND ELECTION
this town is considering calling an
reports,
ALLEN TOWNSHIP (P. O. Macy), Miami County, Ind.—BONDS
SOLD.—No sale was made of the $2,000 5% school-house bonds
NOT
1909.
offered
«£■ '
27,470,820 19,369,775 62,124,450
25,350,329 22,018,458
5,165,888
9,695,863 1 4,127,053
2,376,291
125,000
None
Nope
50.000.000
None
None
6,500,000
None
None
102,604,376 70,039,686 119,142,012 45,515,286 69,666,629
on
June 30 (V. 96, p. 1715.)
ASBURY PARK, Monmouth County, N, J.—BOND OFFERING.—
According to reports, proposals will be received until 8 p. m. July 14 by
H. S. Calvert, City Clerk, for $121,773 5% 3-year (aver.) street-impt.
Int. semi-annual.
bonds.
"
ASHLAND
June
4
awarded to
COUNTY
$20,000
the
5%
(P. O. Ashland), Ohio.-rBOND SALE.—On
emergency-bridge bonds (V.-96, p. 1570) were
{he First Nat. Bank of Ashland for 100.14.
ASHLAND
The number of
TOWNSHIP
(P. O. Grant), Newaygo County, Mich.—
J. Craw¬
municipalities in the United States issuing BOND OFFERING.—Proposals will be received until July 15 by
ford, Twp. Clerk, for $20,000 5% bonds.
Denora. $500.
Int.
permanent bonds and the number of separate issues made
Due $2,000 in 1915 and 1916; $2,500 in 1917, 1918, 1919 and
f$S,000 in 1921 and 1922.
>.
during June 1913 were 392 and 562,
contrasts with 309 and 397 for
for June 1912.
For
'
comparative
7
7.
purposes
..
respectively^
^nd
May 1913 and 449
.
we
add
•;:
This
55j
>
the following table,
showing the aggregates for June and the six months
for
a
series of years.
In these figures temporary loans and bond
issues by Canadian municipalities are excluded.
Month of
1913
$35,'874,542
1912
49,485,807
27,470,820
19,369,775
62,124,450
31,606,064
21,390,486
21,686,622
19,016,754
24,425,909
16,926,619
28,417,172
1911
1910
1909
1908
...^....
1907
1906
1905
1904
1903
1902
....
For the
Month of
Six Months.
$211,234,135
246,289,293
223,262,370
162,846,110
207,125,317
169,082,579
115,347,889
102,338,245
111,723,054
137,869,155
79,576,434
87,628,395
June.
1901
1899
1898
1897
1896
12,792,308
...
1895
1894
1893
For the
,
$13,468,098
19,670,126
29,348,742
9,704,925
16,385,065
1900
........
1892
Owing to the crowded condition of
15,907,441
16,359,377
1,888,935
12,249,000
our
Six
Months.t
M. & S.
1920 and
.
.
*
t.
ASHTABULA SCHOOL DISTRICT (P.O. Ashtabula), Ashtabula
Ohio.—BOND OFFERING.—Proposals will be received until
12 m. Aug. 5 by C. E. Peek, Clerk Board of Education, for the $20,000
5% site-purchase bonds voted Nov. 5 1912 (V. 96, p. 150).
Auth. Sec.
7626, Revised Statutes.
Denora. $1,000.
Date Aug. 5 1913.
Int. A. &
O.
Due pqrt yearly from 1922 to 1941.
Certified check for 5% of bonds
bid for, payable to "Board of Education," required.
Purchaser to pay
accrued interest.
County,
ATHENS,
Athens
County,
Ohio.—BOND
OFFERING.—Proposals
7 by C. W. Gross, City Auditor, for the
$6,500 5% coupon, armory-site-purchase bonds authorized Jan. 6 (V. 96,
p. 300).
Auth. Sec. 3939, Gen. Code.
Denom. $650.
Date Mar. 1 1913.
Int. M. & S.
Due $650 yearly on Sept. 1 from 1914 to 1923, incl.
Certi¬
will be received until 12 m. Aug.
fied check on an AthensCounty bank for $500, payable to "City of Athens,"
$61,223,060
77,943,665
63.345.376
44,078,547
73.275.377
43,176,964
56,991,613
66,426,992
32,663,115
49,093,291
columns,
we
are
obliged to omit this week the
customary table showing "the
month's bond sales in detail.
It will be given later.
election
election to vote on the issuance of water and light bonds.
"
$
of
bonds (V. 96, p. 1715) were awarded to A. G. Edwards & Sons of St. Louis
for $19,328—making the price 101.726.
a
v
.
conduct
Gentry County, Mo.—BOND SALE.—On June 16 the
$19,000 6% 5-20-yr. (opt.) coupon and reg.'taxable electric-light-constr.
comparison of all the various forms of obligations put out in
June of the last five years:
the
ALBANY,
disposed of by Cana¬
In the following table
and
See V. 96, p. 580.
have been
temporary loans, which amounted in all to $58,367,761.
"In addition, New York City sold
$5,000,000 "general fund"
dian
statutes
Bond Proposals and Negotiations this week
our
bonds and $3,362,073 debentures
the
Oklahoma.—Legislature Adjourns.—The session of the
fourth State Legislature ended at noon last Saturday (July 5).
long-term municipal bonds in June
$35,874,542.
as
as
was
be
given is that they cannot re-sell them in the present
market.
The
up
questions
enacted
by the City Clerk and election Commission was alleged toirregular.. The telephone company attacked the ordin¬
ance also adopted
Feb. 14, which sought to regulate the
rates to be charged for service.
In this case the same com¬
plaint of alleged irregularities at the special election was
installments, amounting to $2,200,000, but notice has
been given that the bond
or
Were
One suit
recog¬
the
on
amendments
government was adopted, was attacked—the amended charter
itself was attacked as a "blanket amendment" not
reported
option
an
over
amendments to charters of cities of the first
constitution.
that
announced
was
State
a
Supreme
the constitutionality
to whether such charters
provided under the State
brought by former Alderman
M. F. Moore and the other
by the Mountain States Tele¬
phone & Telegraph Co.
In the action brought by Mr.
Moore the method of holding the special election of
February
14th, at which the charter amendment for commission
or
review of the April sales,
our
.
required.
AUGLAIZE COUNTY (P. O. Wapakoneta), Ohio.—BOND OFFER¬
ING.—Proposals will be received until 12 m. Aug. 15 by A. E. Schaffer,
$43,000 5>£% refunding bonds. Auth.Sec. 5656, Gen.Code.
Denom. $1,000.
Date Aug. 1 1913.
Int. M. and S.
Due $1,000 each
Co. Aud.,for
six months
frjom Mar. 1 19i5 to Mar. 1 1936 incl.
bonds bid for, payable to
Co. Treas., required.
Cert. Check for 1% of
Bonds to be delivered and
it.
£aid for within 10 days from time of award. Purchaser to pay accrued
-
AUGUSTA, Ga.—BIDS REJECTED.—All bids received for the $250,000
4H % 30-yr. coupon flood-protection bonds 1912 offered on July 10 (V. 96,
p. 1853) were rejected.
"
•
»
AURORA,
Saint Louis
County,
Minn.—BOND
ELECTION.—
Reports state that an election will be held July 15 to vpte on the issuance erf
$10,000 4% sidewalk-construction bonds.
July 12
yrly. on July 1, from 1915 to
1923 incl.
Cert, check for 1% of bonds bid
Treas., required. Bonds to be
for, but not less than $200, payable to City
delivered and paid for within 10 days from
pay
accrued interest.
time of award.
Purchaser to
CHEMUNG COUNTY (P.
1715), have been re-awarded to the
$35,000 recently declined (V. 96, p.
Harris Tr. & Sav. Bank of Chicago.
BEDFORD, Cuyahoga County. Ohio.—BOND OFFERING.—Pro¬
posals will be received until 8 p. m. Aug. 7 by C. C. Lowe, Vil. Clerk, for
$7,195 27
5%
North St. water-main-constr.
(assess.) bonds.
Auth.
Sec. 3914 Gen. Code.
Denom; (10) $500, (10) $219 53.
Date Sept. 1
1913.
Int. M. & S. at Cleveland Tr. Co., Bedford.
Due $719 53 yrly.
on Sept. 1 from 1914 to 1923 incl.
Cert, check for 10% of bonds bid for,
payable to Vil. Treas., required.
Bonds to be delivered and paid for
within 10 days from time of award.
Purchaser to pay accrued interest.
BELTON, Bell County, Tex.—BONDS VOTED.—According to reports,
to issue the $45,000 street-paving and $20,000 waterworks-impt. bonds (V. 96, p. 1715) carried at the election held July 2.
The vote was 289 to 49 and 287 to 47, respectively.
the propositions
HARBOR, Berrien County, Mich.—BOND SALE.—Re¬
ports state that J. B. Clow & Son of Chicago were awarded at par the
$100,000
water bonds voted June 5 (V. 96, p. 1784),
BENTON
BENTON HARBOR SCHOOL
DISTRICT (P. O. Benton Harbor),
Berrien County, Mich.—BOND SALE.—The Secy. Bd. of Ed. advises
that the $55,000 5% bldg. bonds voted June 18 (V. 96, p. 1715) have
us
been sold.
County,
Posey
DISTRICT (P. O. Big Sandy), Choteau
County, Mont.—BONDS NOT SOLD.—No sale was made of the $15,000
6% bonds offered on June 15 (V. 96, p. 1643), owing to a technicality in
SANDY
SCHOOL
advertising.
CANYON, Salt Lake County, Utah.—BOND OFFER¬
hand relative to the offering ort July 16 of
$15,000 water, $7,000 town-hall and $3,000 fire-station 6% bonds
(V. 97, p. 65).
Proposals for these bonds will be received until 8 p. m.
on that day by F. W. Quinn, Town Clerk.
Auth. election held June 10.
Date Sept. 11913.
Int. M. and S. Due in 10 yrs., subject to call any time.
Cert, check for 1% of bonds bid for, payable to B'd of Trustees, required.
Bonded debt, not incl. this issue, $6,000.
.
y
'
the
The
ments
BINGHAMTON, Broome County, N. Y.—PRICE PAID FOR BONDS.
paid for the $20,000 4H% 3-6-year (ser.) street-paving bonds
purchased on May 28 by the Sinking Fund (V. 96, p. 1785) was par.
Denom. $500.
Date Aug. 1 1913.
Int. F. & A.
will
INDEPENDENT SCHOOL DISTRICT (P. O. Clifton)
Bosque County, Tex.—DESCRIPTION OF BONDS.—We are advised
that the $25,000 building bonds voted at the election held June 24 (V. 97,
p. 66) bear interest at the rate of 5% and mature in 40 years, subject to
CLIFTON
1916 to 1923 incl.
Texas.—BOND
ELECTION.—Local
reports state that an election will be held July 19 to
this city shall issue $10,000 water-works bonds.
decide whether or not
CONCORD, Cabarrus County, No; Caro.—BOND OFFERING.—
Proposals will be received until 12 m. July 15 by A.F. Hartsell, Mayor,
school-impt. bonds at not exceeding 5% int.
voted May 6
(V. 96, p. 1244).
Denom. not less than $500.
Int. semi-ann. Cert,
check for 2% of bid, required.
for the $20,000
CONVERSE COUNTY SCHOOL DISTRICT NO. 15 (P. O. Glen
rock), Wyo.—BOND SALE.—On June 28 the $2,000 6% 5-20-year (opt.)
coupon school bonds (V. 96, p. 1716) were awarded to J. N. Wright & Co.
of Denver at 101.
Other bids were:
•
.»
Wyoming Tr. & Sav. Bank.__$2,005 J State of Wyoming
__$2,000
Chas. W. Gurdick
*2,0001Causey, Foster & Co., Denver 1,903
,
♦And cost of printing
CANYON
CITY,
We
clear the record.,
to
1
•
"
•.
•
.
(P, O. Carl Junction),
Jasper County, Mo.—BOND SALE—On July 1 the $13,000 5% 10-20year (opt.) bldg. bonds (V. 96, p. 1785) were awarded to J. R. Sutherlin
& Co. of Kansas City at par.
Denom. $500 or $1,000.. Date July 1 1193.
CARL
JUNCTION
SCHOOL
DISTRICT
Int. J. & J.
CARTERVILLE, Jasper County, Mo.—BONDS VOTED.—At the
election held July 1, the proposition to issue $12,000 city-hall constr. bonds
carried, it is reported, by a vote of 254 to 124.
CASCADE COUNTY (P. O. Great Falls)\ Mont.—BIDS.—'The
lng bids were received for the $85,000 5% 20-yr. coup, jail bonds
.
June 30 (V. 96, p. 1644):
.
Fftrson, Son & Co., Chic... *$85,0851 Wells &
.
.
follow7
offered
'
'\
Dickey Co., Minn .$85,000
on
♦Conditional.
•
..
.
;
CASCADE COUNTY SCHOOL DISTRICT NO. 49 (P. O. Cascade),
Mont.—BOND OFFERING.—Proposals will be received until 2 p. m.
July 30 by G. Ferguson, Chairman Board of Trustees, for $1,500 6% school
bonds.
Auth. election held April 5.
Date Aug. 15 1913.
Due part
on
1919.
A11?-
from 1915 to 1921, incl.; subject to call after Aug. 15
A similar issue of bonds
CASS
COUNTY
(P.
O.
was
offered
Logansport),
on
June 30 (V. 96, p. 1716).
Ind.—BOND OFFERING.—
Newspaper reports state that proposals will be received until 10 a. m.
July 16 by M. M. Minnick, County Treasurer, for $2,340 highwayimprovement bonds.
CENTRAL LAKE TOWNSHIP (P. O. Central Lake), Antrim County
Mich.—BONDS VOTED.—The question of issuing the $20,000 5-20-yr.
(ser.) highway-impt. bonds (V. 97,
July 8.
p.
66) carried,
by a vote of 149 to 70
at the election held
CHAMPAIGN
six
months from June 7 1914 to Dec. 7 1918 incl
CHARDON,
f
...
Geauge County, Ohio.-r-BOND SALE.—On July 2 the
5% coupon bonds, aggregating $20,900 (V. 96, p. 1644) ,were
awarded, it is stated, to Geo. B. Herring & Sons, contractors, at par & in^
two issues of
C.ounty,
N.
Y.—DESCRIPTION OF BONDS.—
advised that the $10,000 coup, or reg. tax-free paving bonds awarded
Fenwick & Co. of N. Y. at 100.91 for 5s (V. 97, p.66)
are in the denomination of $500 and bear date of July 1 1913.
Int. J. & J.
at Cuba Nat. Bank. Cuba.
Due $500 yrly on July 1 from 1914 to 1933 incl.
(P. O. Culpeper), Va.—BONDS AWARDED
$16,000 (unsold portion of $40,000) 5% Series "2"
COUNTY
CULPEPER
the
Catalpa Magisterial District bonds (V. 96, P- 1644). $7,000, due in 1925 and
1926, were awarded on June 16 to W. R. Robertson at par.
Denom. $500.
Date July 1 1913,
Int. J. & J.
•
DAYTON, Ohio.—BOND OFFERING.—Proposals will be received until
12 m. July 15 by G. W. Bish, City Aud., for the following 5% coupon bonds:$18,000 sanitary-sewer dist. No. 4 constr. assess, bonds.
Denom. $1,000.
Date June 1 1913.
Due $2,000 yrly. on June 1 from 1915 to
1923 incl.
•
40,900 General St. repair bonds. Denom. (39) $1,000, (1) $1,900. Date
April 1 1913.
Due $10,900 on April 1 1928 and $10,000 yearly
on April 1 from 1929 to 1931 inclusive.
•
45,000 water-works improve, bonds. Denom. $1,000, Date Apr. 1 1913.
Due $5,000 yearly on April 1 from 1917 to 1925 incl.
72,200 storm-watei^sewer bonds. Denom. (71) $1,000, (1) $1,200. Date
Apr. 1 1913.
Due $2,200 on April 1 1926 and $10,000 yearly
on April 1 from 1927 to 1933 inclusive.
;
.
Interest semi-annually in New York. Certified check on a national bank
for 5% of bonds, payable to City Auditor, required. Bonds to
and paid for on July 15 at the City Treasurer's office;
Bids
all
or none:
(V. 96,
be delivered
must be for
The last 3 issues were offered without success as 4Ms on May
p.
1510.)
•
.
,
a
DECATUR, Dekalb County, Ga.—BOND SALE.—On June 20 the
$25,000 5% 30-year coupon school bonds (V. 96, p. 1571) were awarded to
J. H. Hilsman & Co. of Atlanta at par less expenses.
Denom. $1,000.
Date July 1 1912.
Int. J. & J.
DEFIANCE COUNTY (P. O, Defiance), Ohio.—BOND OFFERING.—
Proposals will be received until 12 m. July 15 by S. I. Gruner, County
Auditor, for $65,000 5% coup, bridge bonds.
Auth. Sees. 2434, 2435, 5643
Denom. $1,000.
Date July 15 1913.
Int. M. & S.
Due $5,000 yearly on Sept. 1 from 1917 to 1929 inch
Certified check on a local bank for $500, payable to County Treasurer, re¬
quired.
Bonds to be delivered and paid for at County Treasury on July 21.
Purchaser to pay accrued interest.
.Bids must be unconditional.
and 5644, Gen.
at
Code.
County Treasury.
DELAWARE COUNTY (P. O. Muncie), Ind.—BOND OFFERING.—
Proposals will be received until 10 a. m. July 18, by G. L. Raymond,
Co. Treas., for $3,200 4J^% A. Templin road bonds.
Date July 1 1913.
Int. M. and N.
Cert, check for .3% of bid, required.
•
°
0
DELTA
COUNTY
(P.
O.
Escanaba);
Mich.—POND SALE.—On
almshouse-building bonds were awarded to the State
Savings Bank of Escanaba at par,.
Denom. $1,000.
Date June 1 1913.
Int. annually on June 1.
Due $1,000 yearly June 1 from 1915 to 1924, incl
June 16 $10,000 5%
DRESDEN,
award
was
Weakley
County.
made on June 19 of the
Tenn.—BONDS
NOT
SOLD.—No
$27,000 6% 20-yr. refunding municipal-
96,
1645.)
DULUTH INDEPENDENT SCHOOL DISTRICT (P. O. Duluth),
St. Louis County, Minn.—BIDS REJECTED.—The following bids re¬
ceived for the $200,000 4H % 20-30-year (opt.) gold coupon building bonds
offered on July 3 (V. 96, p. 1853) were rejected:
Farson.Son & Co., Chicago, bid $200,008, less a satisfactory sum for legal
water and
light bonds offered on that day (V.
p.
expenses.
W.M.Prindle & Co., Duluth, and
Duluth, bid jointly par and int., "subject to a satisfac¬
Commercial Investment Co., Duluth;
N. J. Upham Co.,
tory contract."
County, N. Y.—BONDS NOT SOLD.—Nosale
$17,000 13-yr. (av.) water-ext. bonds offered on June 24
EAST AURORA, Erie
was
COUNTY
(P. O. Urbana), Ohio.— BOND SALE —
^ S3,900 5K % coupon Shorey Ditch No. 382 bonds were awarded
lie auction, it is stated, to the Nat. Bank of Urbana at par.
Denom.
$390. ; Date July 7 1913.
Int. J. & J. at the Co. Treas. office.
Due $390
each
are
June 23 to Douglas
on
19.
Grant County, Ora.—BOND SALE.—We are ad¬
We are advised that the remainder ($20,000) may not
1914.
Allegheny
CUBA,
IN PART.—Of
vised that the $6,000 6 % 5-10-year (opt.) water-system-impt. bonds adver¬
tised to be sold July 2 are the same bonds awarded to Keeler Bros, of Denver
on
Oct. 14 1912 (V. 95, p. 1423).
The new advertisement was run merely
;
highway-improvement bonds (V. 96, p. 1716) were awarded to a local
free
bank at par and int.
be sold befor early in
Shelby), No. Caro.
this subject.will be had July 31.
'
.
(P. O. Covert), Van Buren County, Mich.—
BONDS AWARDED IN PART.—On July 1 $5,000 of the $25,000 5% tax-
drainage bonds has been sold, it is
CAMDEN, N. J .—WATER BONDS PROPOSED .-^City Council on July
10 adopted the report of the Finance Committee recommending the issu¬
of $540,000 bonds for the installation of a municipal lighting plant.
bonds.
COVERT TOWNSHIP
stated, to Spitzer, Rorick & Co. of Toledo.
ance
for $18,000 school-house bonds.
CONNEAUT, Ashtabula County, Ohio.—BOND SALE.—On July 7
three issues of 5%
street-improvement bonds aggregating $23,100
(V. 96, p. 1716) were awarded to the Citizens' Banking & Trust Co. of
Conneaut for $23,112 50 (100.054) and int.
Other bids were:
Conneaut
Mutual
Loan &
[Spitzer, Rorick & Co., Tol__$23,100
Trust Co., Conneaut
$23,1011Sidney Spitzer & Co.; ToL. 23,100
the
BUCYRUS, Crawford County, Ohio.—NO ACTION YET TAKEN.—
We are advised by the City Auditor, under date of July 2, that no action
has yet been taken looking towards the issuance of the $180,000 municipal
water-works-plant bonds voted May 15 (V. 96, p. 1509).
on
(P. O. St. Joe), DeKalb County, Ind.—
OFFERING.—Proposals will be received until 2 p. m. Aug. 1, it is
CONCORD TOWNSHIP
BOND
stated, by S. A. Muman, Twp. Trustee,
1-20-yr. (ser.) st.-impt. (Village's portion) bonds.
Denom. $300'.
Date July 26, 1913.
Int. J. and J.
Cert, check for 3% of bid, payable to
Vil. Treas., required.
Bonds to be delivered and paid for within 10 days
from time of award.
Purchaser to pay accrued interest.
CAMBRIDGE, Middlesex County, Mass.—BOND SALE.—On July 9
County,
Hunt
COMMERCE,
BREMEN, Fairfield County, Ohio.—BOND OFFERING.—Proposals
26, by E. T. Purvis, Vil. Clerk, for $6,000
$393,000 bonds, offered $138,200 as 4Msand $254,800 as 4s, were awarded
at 100-159, it is stated, to a syndicate composed of Merrill, Oldham & Co.,
R. L. Day & Co. and Estabrook & Co. of Boston as follows: $185,200 as
4Ms and $207,800 as 4s.
•
>
TOWNSHIP (P. O. Cuzco), Dubois County, Ind.—
OFFERING.—Proposals will be received until 10 a. m. July 31 by
D. G. Morgan, Twp. Trustee, for $6,000 4H % school-building bonds.
Denom. $600.
Date Aug. 1 1913.
Int. F. & A.
Due $600 yearly on
July 1 from 1912 to 1923, incl.
Certified check for $100 required.
COLUMBIA
5H%
Charles), La .—BOND ELECTION.
whether or
SALE.—On June 12 the
BOND
will be received until 12 m., July
—'Reports state that an election will be held Aug. 21 to decide
not this parish shall issue $900,000 5% 25;-year road bonds.
Wis.—BOND
city-hall bonds (V. 96, p. 1571) were awarded to Geo. H.
Denom. $1,000.
Int. ann. on Feb. 1.
Due serially from
5%
Graves at par.
BRACKENRIDGE, Allegheny County, Pa.—BONDS VOTED.—By
of 179 to 74 the question of issuing $20,000 sewer-system-completion
at the election held July 8.
.
CADIZ, Harrison County, Ohio.—BOND OFFERING.—Proposals will
be received until 12 m. Aug. 4 by W. H. Lucas, Village Clerk, for $16,500
5% coup, street-paving bonds.
Auth. Sees. 3820, 3821 and 3999, Revised
Statutes of Ohio.
Denom. $500.. Date Aug. 1 1913.' Int. F. & ADue
$500 each six months from March 1 1920 to March 1 1936 incl.
Certified
check for $300, payable to Village Treasurer, required.
Bonds to be de¬
livered and paid for within 10 days from time of award.
Purchaser to
pay accrued interest.
County,
Rock
CLINTON,
$8,000
bonds carried
public hearing
offered without success on June 2 (V. 96,
.
a vote
A
COUNTY (P. O. Port Gibson), Miss.—BONDS NOT
Chancery Clerk advises us that the $10,000
CLAIBORNE
(P. O. Benton), La.—BOND ELECTION.—An
14 to submit to a vote the question of issuing
road-construction bonds.
t
•
CALCASIEU PARISH (P. O. Lake
Ohio.—BONDS NOT SOLD.—No bids were received,
$500,000, offered
TO BE RE-OFFERED.—The
PARISH
BUFFALO DRAINAGE DISTRICT NO. 1 (P. O.
Date
issues of 4H% bonds, aggregating
July 8 (V. 96, p. 1716).
5% 20-yr. bridge-constr. bonds
1644) will not be re-offered.
be held July
—BOND SALE.—An issue of $108,000
$1,000.
official notice of this bond offering will be found among the advertise¬
elsewhere in this Department.
CINCINNATI,
on
TOWNSHIP (P. O. De Pauw), Harrison
County, Ind.—WARRANT OFFERING.—Further details are at hand
relative to the offering on July 18 of the $1,563 6% school No. 9 building
impt. warrants (V. 97, p. 65);
Proposals for these warrants will be received
until 10 a. m. on that day by C. W. Smith, Twp. Trustee.
Denom. $312 60.
Date day of delivery.
Int..J. & J.
Due $312 60 yearly for 5 years.
BOSSIER
Denom.
it is stated, for the two
RIVER SCHOOL
$175,000 5%
bonds.
CHICOPEE, Hampden, County, Mass.—BIDS REJECTED.—Bids of
5.40% and 5.46% discount received for the $25,000 loan, in anticipation
of taxes, maturing Nov. 28 1913, offered on July 9 (V.97, p. 66) were rejected.
1
.■
—The price
election
coupon
Int. F. & A.
Due $2,000 yearly on Feb. 1 from 1915 to
1924, inclusive.
Certified check for 10% of bid required.
1913.
Aug. 1
BINGHAM
ING.— Further details are at
BLUE
4.1A %
$20,000
for
Treasurer,
Ind.—BOND
OFFERING.—Proposals wiU be received until 2 p. m. Aug. 5 by J. Fifer,
Twp. Trustee (P. O. Griffin) or R. U. Barker (P, O. Mt. Vernon), for
$12,500 4H% school bonds.
Denom. $500.
Date Aug. 5 1913. Int.
F. & A.
Due $500 each six months from Aug. 5 1914 to Aug. 5 1926 incl.
BIG
O. Elmira), N. Y.—BOND OFFERING.—
Proposals will be received until 10 a. m. July 29 by H. L. Deister, County
call after 10 years.
.
TOWNSHIP,
SCHOOL
BETHEL
CHATTANOOGA, Hamilton County, Tenn.—BOND SALE.-Ya.vlng
$3,276 34 have been awarded to the Volunteer State
bonds amounting to
Life Ins. Co. of Chattanooga at par and int. and bonus of $16 34.
*
Calhoun County, Mich.—BOND SALE.—We are
Clerk that the three issues of 4H % bonds, aggregating
BATTLE CREEK,
advised by the City
129
CHRONICLE
THE
1913.]
made of the
(V. 96, p. 1717).
EAST GRAND RAPIDS (P. O. Grand Rapids), Kent County, Mich.
—BOND ELECTION PROPOSED.—It is reported tha,t an election will be
held in the near future to vote on the question of issuing water-works bonds.
EASTWOOD; Onondaga County, N. Y.—BOND OFFERING.—Pro¬
posals will be received until 4 p. m. July 17, reports state, by W. P. Jackson,'
Vil. Treas,, for $85,000 5-29-yr. (ser.) sewer bonds.
C6rt. check for 5%
required.
130
THE
CHRONICLE
[Vox,.
XCV1I.
*
EAU
CLAIRE, Eau Claire County, Wis.—BONDS NOT SOLD.—No
sale was made or the $75,000
20-yr. coup. Chippewa River bridge
const, bonds offered on June 3 (V. 96,
p. 1571).
ELLSWORTH, Nobles County, Minn.—BOND
the $8,000 6%
8H-JT.
(aver.)
glant-constr. bonds (V. 96,
coupon
SALE.—On
June
electric-light, heating and
27
power-
1717)
; Trust
p.
Co., Minneapolis, at 100.375 wereint.
and awarded tobids were:
Other the Minnesota Loan
Cutter, May & Co., Chicago_$8,0171German State Bk, Ellsw'th_$8,000
ERIE SCHOOL DISTRICT
(P. O. Erie), Erie County, Pa.—BONDS
NOT SOLD.—No award was made on June 20 of the
$150,000 4>£% coup,
school bonds offered
ERIE
that day
on
TOWNSHIP
(P.
O.
(V. 96,
Erie),
p.
1717).
Whiteside County,
111.—BONDS
VOTED.—According to reports, the proposition to issue $5,000 road-impt.
bonds carried by a vote of 105 to 50 at the election held June 27.
ESCONDIDO,
San
Diego
County,
Cal.—BONDS
VOTED.—The
question of issuing the $100,000 water-system, $4,000 fire and $6,000
bridge 5% bonds (v. 96, p. 1786) carried at the election held June 28 by a
vote of
379 to 74.
EUCLID, Cuyahoga County, Ohio.—BOND OFFERING.—Proposals
will be received until 12 m. July 14
by P. H. Shoaff, Vil. Clerk, for the
following 5% coupon assessment bonds:
$5,915 Cromwell Road impt. bonds.
Denom. (1) $415, (1) $500 and (5)
$1,000.
Due on Oct. 1 as follows: $415 in 1914, $500 in 1915 and
$1,000 in 1916, 1918, 1919, 1921 and 1923.
2,955 Colonial Road storm and sanitary sewer constr. bonds.
Denom.
(1) $455, (5) $500.
Due on Oct. 1 as follows: $455 in 1915 and $500
in 1916, 1918,1920, 1922 and 1923.
3,065 Cromwell Road storm and sanitary sewer constr. bonds.
Denom.
(1) $65, (6) $500.
Due on Oct. 1 as follows: $65 in 1914 and $500
in 1915, 1917, 1918, 1920, 1921 and 1923
6,287 Colonial Road impt. bonds.
Denom. (1) $287, (6) $1,000
Due
on Oct. 1 as follows: $287 in 1914 and
$1,000 in 1915, 1917, 1918,
1920, 1922 and 1923.
2,839 Mannering Road storm and sanitary sewer constr. bonds.
Denom.
(1) $339, (5) $500.
Due on Oct. 1 as follows: $339 in 1915 and $500
in 1916, 1918, 1920, 1922 and 1923.
8,973 Lampson Drive impt. bonds.
Denom. (1) $473, (1) $500, (8)
$1,000.
Due on Oct. 1 as follows: $473 in 1914, $500 in 1915,
$1,000 in 1916, 1919, 1920, 1921,1922 and 1923, and $2,000 in 1918.
2,375 Mannering Road water-main-constr. bonds.
Denom, (1) $375,
(4) $500
Due on Oct. 1 as follows: $375 in 1915 and $500 in 1917,
,
1919
1921
and
_
1923.
4,873 Mannering Road impt. bonds.
Denom. (1) $373, (9) $500.
Due
$373 on Oct. 1 1914 and $500 yearly on Oct. 1 from 1915 to 1923 incl.
2,385 Lampson Drive water-main-constr. bonds.
Denom.
(1) $385,
(4) $500.
Due on Oct. 1 as follows: $385 in 1915 and $500 in 1917,
1919, 1921 and 1923.
V
2,407 Colonial
Road
water-main-constr.
bonds
Denom.
(1)
$407,
(4) $500.
Due on Oct. 1 as follows: $407 in 1915 and $500 in 1917,
1919, 1921 and 1923.
'
1,505 Cromwell Road water-main-constr. bonds.
Denom.
(1) $505,
(2) $500.
Due $505 .on Oct. 1 1916 and $500 on Oct. 1 1920 and
J
_
/<x
_
1923.
2,626 Quenton Road impt.
on
Oct. 1
as
bonds.
Denom.
(1) $126, (5) $500.
Due
follows: $126 in 1914 and $500 in 1916,1918,1920,1922
and 1923.
'
4,450 Renwood
(8) $500.
Ave.
water-main-constr.
bonds.
Denom.
(1)
$450,
Due $450 on Oct. 1 1915 and $500 yearly on Oct. 1 from
1916 to 1923 incl.
-
.
3,198 Monterey Ave. water-main-constr. bonds.
Denom. (1) $198, (6)
$500.
Due $198 on Oct. 1 1914, $500 every other year from 1915
to 1921 incl. and $500 on Oct. 1 1922 and 1923.
2,366 North St. water-main-constr. bonds.
Denom. (1) $366, (4) $500.
Due $366 on Oct. 1 1915 and $500 in odd years from 1917 to 1923
incl.
y;
-
1,015 Elm St. water-main-constr. bonds.
Due $500
on
Oct. 1 1918 and $515
on
Denom.
(1) $500,
(1)
$515.
Oct. 11923.
Denom. (1) $500, (1) $506.
Oct. 1 1923.
1,006 East Main water-main-constr. bonds.
Due $500
Oct. 1 1918 and $506 on
3,114 Lampson Drive storm and sanitary sewer constr. bonds.
Denom.
(1) $114, (6) $500.
Due on Oct, 1 as follows: $114 in 1914 and $500
in 1915, 1917, 1919, 1921. 1922 ans 1923.
Auth. Sec. 3914, Gen. Code.
Date "day of sale."
Int. A. & O. at
office of Vil. Treas.
Cert, check on a bank other than the one making the
bid, for 10% of bonds bid for, payable to Vil. Treas., required.
Bonds to be
on
delivered and paid for within 10 days from time of award.
pay
accrued interest.
Purchaser to
for the five issues of
5%
coupon assess, bonds, aggregating $26,292 offered on June 30 (V. 96, p.
FARMINGTON TOWNSHIP
(P. O. West Farmington), Trumbull
County, Ohio.—BOND OFFERING.—Proposals will be received until
12 m. July 19 by C. E. Bradshaw, Twp. Clerk, for $25,000 5%
road-impt.
bonds.
Auth. Sees. 7033 to 7052 incl, Gen. Code, and election held
April 26. "• Denom. $500.
Date July 1 1913.
Int. semi-ann. at Farmers'
Bank. Co., West Farmington.
Due $1,000 each six months from April 1
1914 to April 1 1926 incl.
Certified check for $250,
Stevens, Township Treasurer, required.
payable to C. E.
■
.
FENNVILLE, Allegan County, Mich.—BOND SALE.—The $11,600
5% water-works bonds mentioned in V.96, p.llll, were awarded on April 5
to C. H. Coffin of Chicago at par.
Denom., $1,000.
Date April 1 1913.
FLOYD
'
COUNTY
(P.
O.
,
New
Albany), Ind.—BOND SALE.—On
July 3 the County Commissioners awarded, it is stated, $27,200 4K%
favel-road bonds to J. F. was offered of Indianapolis at par Juneaccrued int.
similar issue of bonds, Wild & Co.
and 16 (V. 96,
without
success
1786).
p.
'
,
.
on
'
FONTANA HEIGHTS
SCHOOL
DISTRICT,
County,
Cal.—BOND OFFERING.—Proposals will
San
Bernardino
be received until
July 21 by C. Post, Co. Clerk (P. O. San Bernardino) for the $18,000 5% gold bldg. bonds voted May 24 (V. 96, p. 1645).
Denom. $1,000.
Int. J. & D. at office of Co. Treas.
Due $2,000 yrly. from 12 to 20
years,
incl.
Cert, check (or cash) for 5% of bonds bid for, payable to Chairman
Bd. of Sups., required.
Official advertisement states ,thqit there is no
litigation or controversy pending or threatened whiGh affects the corporate
existence or boundaries of the districts or the title of any official to his
office,
nor the validity of
these bonds.
Bonded debt, this issue, assess, val.
$370,595.
True val. (est.) $800,000.
11
JUNCTION,
Mesa
County,
Colo.—BOND SALE.—On
15-year street-imtp. bonds was awarded to
at par for 6s.
Denom. $500.
Date July 1
24
J. N.
Wright & Co. of Denver
1913.
issue
an
Int.
J.
&
of
$9,000
J.
.
GRANT COUNTY SCHOOL DISTRICT
NO. 9,
Wash.—BOND
SALE.—On June 28 the two issues of 10-year
bonds, aggregating $20,000
(V. 96, p. 1786), were awarded to the State of
Washington at
It is also stipulated that the bonds
may be redeemed after
bids were:
a. m.
FONTANELLE, Adair County, Iowa .—DESCRIPTION OF BONDS.—
par for
one year.
5s.
Other
Union Trust & Savings Bank of
Spokane—$19,575 for 5^s.
James N. Wright, Denver—$20,200 for 6s.
Wm. D. Perkins & Co., Seattle—Par for 6s.
Denom. $1,000.
Date July 1 1913.
Interest
annually in July.
GRANT
COUNTY
SCHOOL
OFFERING.—Proposals will
DISTRICT
NO.
be received until 2
21,
Wash.—BOND
m. July 26 by C. T
Sanders, Co. Treas. (P. O. Ephrata), for $9,000 school bonds at not
exceed¬
ing 6% int., payable ann.
Due in 10 years, subject to call
any interestpaying- day after 5 years.
Purchaser to furnish blank bonds.
p.
GREENCASTLE TOWNSHIP (P. O.
Greencastle) Putnam County,
Ind.—BONDS NOT SOLD.—No bids were received, it is
stated, for the
$5,000 4H % school-bldg. bonds offered on July 7.
(V. 96, p. 1786).
GREENWOOD TOWNSHIP
(P.
O. Cameron), Moore County,
No. Caro.—BONDS NOT SOLD.—No
sale was made of the
$10,000 6%
30-year road bonds offered on June 20 (V. 96,
p. 1572).
HALLS, Lauderdale
County, Tenn.—BOND OFFERING.—Pro¬
posals will be received until July 15 by the
Mayor and Aldermen, W. H.
Hall, City Recorder, for the $25,000
6% 20-yr. coup, street and
sidewalk
bonds voted June 25 (V.
97, p. 66.)
HAMILTON COUNTY (P. O.
Noblesville), Ind.—BOND SALE.—On
July 3 an issue of $22,600 boulevard-construction bonds was
awarded, it is
stated, to Breed, Elliott & Harrison of
Indianapolis at par and interest.
BQNDS NOT SOLD.—According to reports, no bids were received for
the $4,800 Hankley Road.
$3,260 Roquet Road and $4,120 Powers Road
,
bonds offered
July 3.
on
HAMILTON COUNTY (P. O.
Chattnooga), Tenn.—BOND SALE.
Memphis newspaper states that on July 2 the $600,000
4H% 30-year
coupon bonds offered without success on June 9
(V. 96, p. 1717) were sold
to local banks at
par.
The deal, it is said, carried with it a
temporary
loan for a short time of $600,000 at a
rate of 6%, which will run until the
bonds are prepared and taken over
by the purchasers.
BOND ELECTION
PROPOSED.—Newspaper dispatches state that an
k®
in the near future to vote on the
questions of issuing
$200,000 school, $100,000 Erlanger
hospital-impts. and $25,000 Glass St.-
—A
ext.
bonds.
HAMLET, Richmond County, No. Caro.—BOND SALE.—On July 5
$15,000 sewerage, $10,000 school and $5,000 street
6% 30-year bonds were
awarded to Tillotson & Wolcott Co. of Cleveland
at 101.80.
C. H. Coffin, Chicago
Other bids
were:
.-$30.1511Spitzer, Rorick & Co..Tol__$30,000
Date July 1 1913.
Interest J. & J.
Denom. to suit purchasers.
HAMMONTON
SCHOOL DISTRICT (P. O.
Hammonton), Atlantic
County, N. J .—BOND SALE.—On July 2 the $11,000 5% reg. site-pur¬
chase and construction bonds
(V. 96, p. 1786) were awarded to Hammon¬
ton Trust Co. of Hammonton at
par and interest.
HAMTRAMCK,
Wayne
County,
Mich.—BOND
ELECTION.—On
shall
5% interest.
July 21 an election will be held to decide whether or not this
village
issue $40,000 30-yr. water-works-ext. bonds at not
exceeding
HANNIBAL, Marion County, Mo .—BONDS VOTED.—By a vote of
1,401 to 172, the question of issuing $360,000 water-works-extension
bonds
carried, reports state, at the election held July 1.
HARDIN COUNTY COMMON SCHOOL DISTRICT NO.
15, Tex.—
the State
BOND SALE.—The $5,000 5% 20-yr.
bldg. bonds registered by
on May 19 (V. 96, p.. 1572) have been sold to the State.
Compt.
HARRISON
COUNTY
(P.
O.
Corydon),
Ind.—BOND SALE.—On
July 8 this county awarded an issue of $9,200 4M% 20-yr. gravel-road
bonds to the Farmers' State Bank of Louisville at 100.40.
There were no
other bidders.
Denom. $300.
Date June 6 1913.
Int. M. and N.
BONDS NOT SOLDs—In addition to the above bonds offered
on July
8, an issue of $5,600 4^ % Harrison Twp. road bonds was also offered on
that day, but no bids were received for the same.
1
HARVEY SCHOOL DISTRICT (P. O.
Harvey), Brazos County,
Tex.—BONDS DEFEATED.—According to reports, the
question of issu¬
ing $4,000 bldg, impt. bonds
was
-
,
BONDS NOT SOLD.—No bids were'received
Interest J. & J.
GRAND
June
HASKINS,
Wood
500 6%
Int. M.
for $50,
paid for
defeated at the recent election.
County,
Ohio.—BOND OFFERING.—Proposals
July 18 by D. C. Benles, Village Clerk, for $1,sewer-improvement bonds.
Denom. $300.
Date Sept. 1 1913.
& S.
Due $300 yearly from 1914 to 1918 incl.
Certified check
payable to Village Treasurer, required.
Bonds to be delivered and
within 10 days from time of award.
Purchaser to pay accrued int.
will be received until 12
m.
HASTINGS, Barry County, Mich.—BOND ELECTION.—According
to reports, an election will be held Aug. 11 to vote on the
question of issu¬
ing $10,000 street-impt. bonds.
»
,
HENDRICKS,
Lincoln
County,
Minn.—BOND
OFFERING.—Pro-
Eosals will be received until 8p.m. July 18 for $3,000 6% 6-year refunding
onds.
Auth. vote of 63 to 40 at
election held Mar. 11.
A. S. Swenson
an
is Village Clerk*
I
HENDRICKS COUNTY (P. O. Danville), Ind.—BONDS NOT SOLD.
—No sale was made of the $27,280 4H % Lincoln
Twp. highway-improve¬
ment bonds offered on June 30 (V. 96, p. 1786). '
•
HERMOSA
BEACH,
Los
Angeles
County,
Cal.—BONDS DE
questions of issuing the $6,000 city-hall site-purchase
$16,000 city-hall-constr. and $12,000 park and playground, $36,0Q0 sewer
and $10,000 fire-apparatus bonds (V. 96, p. 1718) were defeated at the
election held June 16.
FEATED.-—The
.
HIGH POINT,
No sale
.
Guilford County, No. Caro.—BONDS NOT SOLD.—
made of the two issues of 5% 30-year coup, bonds,
was
$100,000, offered
July 7
on
(V. 96,
p.
aggregating
1718).
HOOVERSVILLE SCHOOL DISTRICT (P. O. Hooversville), Som¬
erset County, Pa .—PURCHASER OF BONDS.—The
purchaser of the
$10,000 (not $12,000 as first reported) 5% bldg. bonds awarded on June 16
at par (V. 96, p. 1854) was the Johnstown Sav. Bank of Johnstown.
Denom.
$500. Int. J. & J. Due July 15 1934, subject to call after 5 years.
HOPE
TOWNSHIP
(P.
,0. Hope), Bartholomew County, Ind.—
BOND SALE.—On June 3 the
$19,000% 1-10-year (ser.) school bonds
(V. 96, p. 1572) were awarded to I. R. Custer of Columbus, Ind., for $19,100—making the price 100.526.
Denom. $1,000.
Date July 1 1913.
The two issues of 5% bonds, aggregating $22,000,
purchased recently at
private sale at par by the Security Loan & Investment Co. of Des Moines
IV. 96, p. 1854) are described as follows:
Interest F. & A.
$12,000 water-works bonds.
Due June 1 1933, subject to call $2,000 in
5 years, $5,000 in 10 years and $5,QO0,in 15 years.
10,000 electric-light-plant bonds.
Due $500 yearly June 1 froin 1918 to
of issuing the $800,000 street-impt. and $400,000 bridge-construction
5%
bonds (V. 96, p. 1718) carried at the election held July 1.
The vote is
.
1932 incl. and $2,500 June 1 1933.
Date June 1 1913.
Int. J. & D. at the
Denom. $500.
Security Loan &
Investment Co., Des Moines, unless otherwise designated.
FORT LEE,
Of the
par
Bergen County, N. J.—BONDS A WARDED
$149,000 5%
$100,000
were
coupon
awarded
funding bonds offered
on
IN PART.—
July 9 (V. 96,
p.
1854)
that day to the First Nat. Bank of Fort Lee at
There were no other bidders.
and interest.
on
FORT LUPTON CONSOLIDATED SCHOOL DISTRICTS
NOS. 8
AND 9, Colo.—BONDS VOTED.—On June 30 the
question of isusing $17,000 bldg. bonds carried, it is stated, by a vote of 79 to 8.
FRANKFORT SCHOOL DISTRICT (P. O.
Frankfort), Clinton
County, Ind.—BIDS REJECTED.—Bids received July 9 for the $85,000
school bonds offered on that
day (V. 96, p. 1854), were rejected.
FRANKLINTON
TOWNSHIP
(P.
O.
Franklinton), Franklin
County, No. Caro.—BOND OFFERING.—Proposals will be received until
000 6 %
26, it is stated, by B. T. Green, Township Secretary, for
$20,30-year road bonds.
Int. semi-ann.
Cert, check for $200 required.
FULLERTON
Nance
County,
Neb.—BOND OFFERING.—Reports
8p.m. July 15 by V. P. Camp¬
10-20-year (opt.) water bonds. Interest
state that proposals will be
received until
bell, City Clerk, for $10,000
5%
semi-annual.
P
GARFIELD, Whitman County, Wash.^-BOND SALE.—On
th® two issues of
1672)
XV/AO*
were
June 10
6% 10-20-yr. (opt.) bonds, aggregating
$22,297 (V. 96, p.
Cummings of Toledo.
Date June 10
awarded to Hoehler &
XHu«"«J* & XX.
,
,
'
'
,
*
,
HOUSTON, Harris County, Tex.—BONDS VOTED.—The questions
reported
as
1,557 to 278 and 1,558 to 270, respectively.
HOWARD
June
COUNTY
(P.
O.
Kokomo), Ind.—BOND SALE.—On
24 the following two issues of 4M% free-gravel-road bonds,
aggre¬
gating $12,600 (V. 96, p. 1718), were awarded to J. F. Wild & Co. of Imdianapolis at 98.50:
$8,600 Jackson Road bonds.
Denom. $430.
Due $430 each six months
from May 15 1914 to Nov. 15 1923 incl.
4,000 McReynolds Road bonds.
Denom. $200.
Due $200 each six
months from May 15 1914 to Nov. 15 1923 incl.
Date June 1 1913.
Interest M. & N.
HUNTINGTON,
Tenn.—BOND OFFERING.—Proposals will be re¬
July 20 for $5,000 street-improvement and $5,000 schooldormitory 6% 20-year bonds.
Auth. vote of 121 to 15 on street-improve¬
ment and 163 to 36 on school dormitory issues, at election held
July 2
(V. 96, p. 1718).
ceived
until
HUNTINGTON,
No award
was
000, offered
have secured
Cabell County, W. Va.—BONDS NOT SOLD.—
5% 30-yr. bonds, aggregating $200,July 7 (V. 96, p. 1786).
It is stated that certain taxpayers
temporary injunction restraining the sale.
made of the two issues of
on
a
HUNTINGTON (Town) UNION FREE SCHOOL DISTRICT NO. 3
(P. O. Huntington), Suffolk County, N. Y.—BOND SALE.—On July 7
the $58,000 5% school-building bonds (V. 96,
p. 1854) were awarded to
Adams & Co. of N. Y. at par.
HURON
An
election
COUNTY
(P.
O.
will be held July
There
were no
Norwalk),
other bidders.
„
'
N. J1.—BOND ELECTION.—
on the question of
22, it is stated, to vote
issuing court-house-construction bonds.
•
July 12
I
HTJTCHINS SCHOOL DISTRICT (P. O. Hutchins), Dallas County,
Tex.—BONDS VOTED.—Local newspaper reports state that this district
r
f15,000Int. J. & J. at National Park Bank, N. Y; City.
913.
public-building 5bi% 20-year bonds voted June
for 1% of bonds
bid for required.
Brighton Ger.Bk., Cin—$35,501 00
A. E. Aub & Co., Cin
35.400 51
Seasongood & Mayer, Cin. 35,370 00
Breed,Elliott & Har., Cin. 35,350 00
Stacy & Braun, Toledo— 35,318 50
5% coupon paving refunding bonds.
Auth. Sees. 3916-17 Gen.
Denom. (1) $663 64, (46) $500. Date Aug. 15 1913.
Int. M. & S.
Due $663 64 on Sept. 15 1914, $3,000 on Sept. 15 1915 and $2,500 yearly
on Sept. 15 from 1916 to 1923 incl.
Cert, check on a Lorain bank or a nat.
bank for
and paid
7.CertifiedJuly 1
Date check
bonds were offered without success
to pay
^
LOWER MERION TOWNSHIP (P. O. Ardmore), Montgomery
County, Pa.-—BONDS A WARDED IN PART.—Of the two issues of coup*
aggregating $110,000, offered on July 2 (V. 96, p. 1787), the
tax-free bonds,
$90,000 4H% highway bonds were awarded on that day to the
Co. of Phila. at par and int.
Date July 1 1913.
Int. J. & J.
no bids received for the $20,000 4H % play-ground bonds.
There were
Toledo), Ohio.—BOND SALE.—On July 8
the $53,790 5% flood-repair bonds (V. 96, p. 1719) were awarded to
Stacy & Braun of Toledo for $53,791 (100.001) and int.
Weil, Roth& Co.,
of Cine, submitted a conditional bid of $53,826.
(P. O. Connersville), Fayette County. Ind.
OFFERING.—Proposals will be received until 2 p. m. July 23,
by O. O. Zimmerman, Township Treasurer, for $6,592
CLURE, Henry County, Ohio.—BOND OFFERING.-—Proposals
12 m. July 22 by C. H. Houser, Vil. Clerk, for $9,000
East Main St.-impt. bonds.
Denom. $450. Date Sept. 3
1913.
Int. M. & S.*at Durbin Bank, McClure.
Due $900 yrly. for 10 yrs.
Cert, check for 6% of bonds bid for, payable to the Vil. Treas., required.
MC
reported,
is
Girard Trust
LUCAS COUNTY (P. O.
JENNINGS TOWNSHIP
it
accrued interest.
LOWELL VILLE, Mahoning County, Ohio.—BOND OFFERING.—
Proposals will be received until 12 m. Aug. 1 by C. W. Baker, Vil. Clerk,
for $6,000 5% electric-light-lines-impt. bonds.
Auth. Sec. 3912 Gen. Code.
Denom. $600.
Date Aug. 1 1913.
Int. F.& A.
Due part yearly begin¬
ning Aug. 1 1914.
Cert, check for $100, payable to Vil. Treas., required.
Bonds to be delivered and paid for within 10 days from time of award.
Purchaser to pay accrued interest.
^
Proposals will also be received until 12m. Aug., 1 it is stated, by G. W.
Baker, Vil. Clerk, for $19,700 5% 5-14-yr. (ser.) storm-water-sewer bonds
Int. semi-ann. Cert, check for $100 required.
O. Portland), Ind.—BONDS NOT SOLD—No
24 of the $8,300 4)^ % highway bonds offered on
that day (V. 96, p. 1786).
JAYTON SCHOOL DISTRICT (P. O. Jayton), Kent County, Tex.—
BONDS VOTED.—The question of issuing $12,000 building bonds carried,
reports state, at the election held July 1.
JEFFERSON COUNTY (P. O. Steubenville), Ohio.—BOND OFFER¬
ING.—Proposals will be received until 12 m. Aug. 2 by the Road Commis¬
sioners for $120,000 4lA% coup. Irondale & Yellow Creek Free Turnpike
road bonds.
Denom. $500.
Date Aug. 2 1913. Int. F. & A. at office of
County Treasurer.
Due $500 on Oct. 11914; $1,000 on April 1 1915; $1,500
each six months from Oct. 1 1915 to Oct. 1 1920 incl.; $2,000 each six
months from April 1 1921 to Oct. 1 1925 incl.; $2,500 each six months
from April 1 1926 to Oct. 1 1930 incl.; $3,000 each six months from April 1
1931 to Oct. 1 1933 incl.; $3,500 each six months from April 1 1934 to
Oct. 1 1935 incl. and $4,000 each six months from April 1 1936 to Oct. 1
1938 incl.
Certified check for 5% of bonds bid for, payable to Road Com¬
missioners, required." Bonds to be delivered and paid for on Aug. 8.
(P.
sale was made on June
—BOND
Ohio.—BOND OFFERING.—
County,
Ashland
LOUDONVILLE,
Proposals will be received until 12 m. Aug. 4 by M. J. Hoffman, Vil Clerk,
$8,000 5% municipal-water-works and electric-light-plan t-impt. bonds.
Auth. Sec. 3939 Gen. Code.
Denom. $500.
Date July 15 1913. Int.
M. & S.
Due $500 each six months from March 1 1915 to Sept. 1 1922 incl.
Cert, check for 5% of bonds bid for, payable to Vil. Treas., required. Bonds
to be delivered and paid for within 10 days from time of award.
Purchser
for
incl.
COUNTY
Bonds to be delivered
$1,000, payable to City Treas., required.
for within 10 days from time of award.
LORAIN COUNTY (P. O. Elyria), Ohio.—BOND OFFERING.—
Proposals will be received until 10 a.m. July 31 by the Road Commissioners,
F. R. Fauver, Secy., for $180,000 5% road-impt. bonds, ninth series.
Denom. $1,000.
Date July 1 1913.
Int. M. & S. at office of County
Treasurer.
Due $20,000 yearly on Sept. 1 from 1918 to 1926, inclusive.
Certified check on a national bank for $1,000. payable to County Treasurer,
required.
Bids must be made on blank forms furnished by above Secy.
SCHOOL DISTRICT (P. O. James¬
N. Y.—BOND OFFERING.—Proposals
will be received until 7:30 p. m.f July 18, by M. R. Falconer, Clerk, B'd of
Ed., for $109,000 5% reg. school bonds.
Denom. $1,000. Date July
1 1913.
Int. J. and J. in N. Y. Exchange upon a solvent banking corpora¬
tion in N. Y. City.
Due $9.000.on Jan. 1 1917 and $10,000 yrly.on Jan. 1.
JAY
00
00
50
00
00
Lorain County, Ohio.—BOND OFFERING.—Proposals
until 12 m. Aug. 4 by E. P. Keating, City Aud., for $23,-
LORAIN,
Chautauqua County,
from 1918 to 1927
y
$35,176
35,160
35,120
35,043
35.000
Lima__.
Weil, Roth & Co., Cin___
Sid. Spitzer & Co., Toledo.
Spitzer, Rorick & Co.. Tol.
663 94
Code.
JAMESTOWN UNION FREE
town),
Co. of Cleveland
Lima Trust Co.,
will be received
The legality of this issue will be approved
by Wood & Oakley of Chicago.
These
as 5s on July 1 (V. 96, p. 1786).
SCHOOL DISTRICT (P. O. Lima), Allen County, Ohio.—
SALE.—On July 1 the $35,000 5% 17%-yr. (aver.) coupon bldg.
LIMA
BOND
bonds (V. 96, p. 1511) were awarded to Caleb L. McKee &
J}
V/ wild
UlvtO
Tf Dl
for $35,526—making the price 101.502.
Other bids were:
Atlas Nat. Bk., Cin
$10,000 building bonds.
JACKSON, Butts County, Qa.—BONDS VOTED.—The proposition
to issue the $23,000 5% sewer bonds (V. 97, p. 67) carried at the election
held July 8 by a vote of 121 to 1.
JACKSON, Jackson County, Mich.—BOND OFFERING.—Proposals
will be received until 5 p. m. July 21, not July 15 as reported in last week's
"Chronicle," by J. Harrington, City Recorder, for the following 4H%
municipal-improvement bonds:
$28,000 paving bonds.
Due July 15 1934.
22,000 water-extension bonds.
Due July 15 1936.
18,000 sewer-extension bonds.
Due July 15 1935.
Auth. election held April 7.
Denom. $1,000.
Date July 15 1913.
Int.
semi-ann.
Cert, check for $500, payable to "City of Jackson," required.
These bonds were offered without success as 4s on June 16 (V. 96, p. 1718).
JACKSON, Hinds County, Miss.—BOND OFFERING.—Proposals
will be received until 10 a. m. July 15 by L. J. Monahan, City Clerk, for
the $100,000 water-works, $75,000 funding, $60,000 street-impt. and
election decided to issue
at a recent
13L
CHRONICLE
THE
1913.]
will be received until
school bonds.
KALAMAZOO SCHOOL
DISTRICT (P. O. Kalamazoo), Kalamazoo
County, Mich.—BOND SALE.—AVe are advised by the Secretary of Board
of Education, under date of July 9, that the Detroit Trust Co. of Detroit
was
awarded at private sale the $46,000 bonds authorized on June 3
(V. 96, p. 1718) to care
for a deficit in the Teachers' Wages
Fund.
.
KELLOG, Shoshone County, Idaho.—BOND OFFERING^—Proposals
will be received until 7 p. m. July 26, it is stated, by W?T. Simons, City
Clerk, for the $30,000 20-year coupon sewer bonds (V. 97, p. 67).
Denom.
$1,000, with a proviso attached that they may be issued in $100 and $500
denominations if deemed necessary.
KENT COUNTY
(P. O. Dover), Del.—BOND SALE.—'Newspaper re¬
6%
coupon
MADISON COUNTY (P. O.
Loudon), Ohio.—BOND
OFFERING.—
Proposals will be received until 12 m. Aug. 2 by H. M. Chaney, County
Auditor, for $35,000 5% coup. Big Darby Creek Bridge bonds.
Auth.
Sec. 2434, Gen. Code.
Denom. $500.
Date Sept. 1 1913.
Int. M. & S.
at office of County Treasurer.
Due $500 on March 1 and $1,000 on
Sept. 1 from March 1 1914 to March
bid for, payable to County
1 1937 incl.
bonds
all
for
or
A cash deposit of 5% of
Bids must be
Treasurer, required.
none.
,
•
,.
Ky.—BOND OFFERING.—Pro¬
posals will be received until 3:30 p. m. Aug. 4 by D. W. Gatlin, Mayor, for
$75,000 5% 20-year coup, water-works bonds.
Denom. (50) $1,000, (50)
the Farmers' Bank of Dover and
$500.'
Date July 1 1913.
Int. J. & J. at Nat. Park Bank, N. Y. C.
KINGSVILLE INDEPENDENT SCHOOL DISTRICT (P. O. KingsCert, check for 5% of bonds bid for, payable to City Treasurer, required.
ville), Nueces County, Tex.—BOND SALE.—The Secretary Board of
MANHEIM, Lancaster County, Pa.—BOND ELECTION .—An elec¬
Education advises us that the $40,000 5% 10-40-year (opt.) building bonds
tion will be held July 19 to vote on the question of issuing $40,000 3H%
registered by the State Comptroller on May 19 (V. 96, p. 1573) have
street-impt. bonds. -Due not less than 5 nor more than 30 yrs.
been sold to the State.
MARION COUNTY (P. O. Fairmont), W.| Va.—BOND OFFERING.—
KOSCIUSKO COUNTY (P. O. Warsaw), Ind.—BOND OFFERING.—
According to reports, proposals will be received until 4 p. m. July l5 by
Proposals will be received until 2 p. m. Aug. 2 by J. F. Phillips, Clerk
E. Miller. County Treasurer, for $3,240 highway-improvement bonds.
County Court, for the $300,000 520-30-year (opt.) coupon Mannington
LAFAYETTE PARISH FIRST DRAINAGE DISTRICT, La.—BOND
District road-impt. bonds.
Denom. (10) $100, (2) $500, (298) $1,000.
ELECTION.—According to local newspapers, an election will be held
Date Sept. 1 1913.
Int. annually at office of County Court.
Cert, check
Aug. 19 to vote on the question of Issuing $100,000 5% drainage bonds.
for 5% of bid, payable to C. D. Conaway, County Sheriff, required.
No
LAIRD TOWNSHIP
(P. O. Nisula), Houghton County, Mich.
district
bonded debt.
Assessed valuation 1912, $14,067,037.
Bonds
BOND ELECTIONThe election which was to nave been held June 30
were authorized by a vote of 1072 to 347 at election held June 14.
to vote on the proposition to issue the $10,000 10-year highway-impt.
bonds at not exceeding 5% int. (V. 96, p. 1719) has been postponed to
The official notice of thi? bond offering will be, found among the advertise¬
sale of the $85,000
(V. 96, p. 1511) to
the First National Bank at Milford at 5%.
ports state that arrangements have been made for the
20-year gold coupon bonds offered as 4J^s on June 3
July 28.
LAKE CITY. Florence County,
So. Caro.—BONDS VOTED—At the
$7,500 electric-light-installation
to 26.
LAKE COUNTY (P. O. Crown Point), Ind.—BOND OFFERING.—
Proposals will be received until 10 a. m. July 1,4 by A. J, Swanson, County
Treasurer, for the following 4H % road bonds:
$23,200 H. D. Davis road bonds.
Denom. $580.
30,000 A. G. Schlieker road bonds.
Denom. $500. .
37,600 F. B. Scheldt road bonds.
Denom. $940.
37,600 G. B. Scheerer road bonds.
Denom. $940.
/
Int. M. & N.
Due one-twentieth each six months from May 15 1914.
These bonds were offered without success on June 25 (V. 97, p. 67).
election held July, 2 the question of issuing
bonds carried, it is stated, by a vote of 76
*
'
LAKEWOOD, Cuyahoga County,
Ohio.—BOND OFFERING.—Pro¬
MvCook, City Auditor,
posals will be received until 12 m. Aug. 4 by B.
for the following 5% paving (assess.) bonds):
$12,700 Granger St. bonds.
Denom. $1,270.
Oct. 1 from 1914 to 1923 incl.
.
.
,
,
,
LAMAR, Darlington County, So. Caro.—BOND OFFERING .—Pro¬
posals will be received until July 15 by R. C. Hugging, Town Clerk, for
bonds.
LANSING, Ingham County, Mich.—BOND OFFERING.—Proposals
will be received until 4 p. m. July 14 by P. F. Gray, City Clerk, for $17,000
5% Pine St. paving bonds.
Auth. election held June 18.
Denom. $500.
Date July 1 1913.
Int. ann. at office of City Treas.
Due part yearly on
July 1.
Certified check for $100 required.
Printing of bonds to be
executed by bidder.
LAREDO, Webb County, Tex.—BONDS VOTED.—Reports
the question of issuing $31,000 30-year city-hall bonds
tion held June 26 by a vote of 84 to 4.
ROY,
state that
carried at the elec¬
Osceola County, Mich.—^BONDS VOTED.—At a recent
to issue $5,000 road-construction bonds carried,
election the proposition
bidders.
LIBERT YVILLE.
to
Issue
Lake County, 111 .'—BOND S VO TED .—The prop¬
$10,000 vilage-hall-constr. bonds carried recently, it is
stated, by a vote of 127 to 86.
LICKING COUNTY
(P. O. Newark), Ohio.—BONDS
NOT SOLD.—
issues of 5%
No bids were received on July 9, it Is reported, for the seven
plke-impt. bonds, aggregating $210,000.
(V. 96, p. 1787).
'•
■*
MARIETTA, Washington County, Ohio.—BOND SALE.—On July 7
5% 1-20-year (ser.) bridge-repair bonds (V. 97, p. 68) were
awarded, $110,000 to tne First
$10,000 to the People's Savings
National Bank of Marietta at 100.833 and
Bank of Matamoras at 102.
MARYLAND.—CORRECTION.—In reporting the successful bidders
for the bonds offered July 1 (V. 97, p. 68), it was stated that Brown Bros,
had been awarded $30,000 at prices ranging from 94.53 to 94.84.
We now,
learn that it was Stein Brps. of Baltimore and not Brown
Bros, who se¬
cured
these
•
bonds.
SCHOOL
DISTRICT
(P.
O.
•
Marysville), Union
SALE.—On July 1 the $80,000 5% 10^-year (av.)
high-school-building bonds (V. 96. p. 1787) were awarded to the Bank
The following conditional bids were also rec d.
Breed,Elliott&Harrison,Cin__$80,2401 Spitzer, Rorick & Co., Tol._$80,000
MARYSVILLE
SCHOOL DISTRICT (P. O. Marysville), Perry
County, Pa .—BONDS AWARDED IN PART.—Ot an issue of $20,000
County, Ohio.—BOND
coup,
Marysville at par and int.
of
4% building bonds, $6,000 have been awarded
Denom. $500.
Date July 1 1913.
Int. J. &
15, 20 and 25 years.
MATAGORDA INDEPENDENT
gorda), Matagorda County,
issuing the $10,000. not
to local investors at par.
J. Due $4,000 in 5. 10,
1
-
of 64 to
1.
,
SCHOOL DISTRICT (P. O. Mata¬
Tex.—BONDS VOTED.—The question of
$8,000 as first reported, building
state, at the election held June
1719), carried, reports
p.
bonds (V. 96.
28, by a vote
.
MATTAMUSKEET LAKE
DRAINAGE DISTRICT (P. O. Middle-
town), Hyde County, No. Caro.—BOND SALE.—On June 3 $500,000
6% drainage bonds were awarded to the New First Nat. Bank of Columbus,
Ohio, at par and int.
Denom. $1,000.
Date June 1 1913. Int. J. & D.
Due $50,000 yearly from 1915 to 1924 incl.
5s.
County, N. Y.—BOND SALE.—On
(average) street-impt. bonds (V. 96, p. 1573)
at par for
Saratoga
MECHANIC VILLE,
were
153^-year
awarded to the Manufacturers' Nat. Bank of Mechanicville
Date June 16 1913.
Int. annually on June 16.
MEDORA SCHOOL
LIBERTY* SCHOOL TOWNSHIP (P. O. Liberty
Centre), Wells
County, Ind.—BOND SALE.—On July 3 the $23,500 4M% coupon bldg.
bonds (V. 96, p. 1646) were awarded to the Studebaker Bank of Bluffton
for $23 ,545—making the price 100.191.
LIBERTY TOWNSHIP (P. O. Valparaiso), Porter County, Ind.—
BOND SALE.—On July 7 the $9,000 4H% school bonds were awarded, it Is
stated, to the State Bank of Valparaiso at par.
There were no other
;
the $120,000
June 11 the $16,500
ft is reported.
osition
this Department.
MARQUETTE SCHOOL DISTRICT (P. O. Marauette), Hamilton
County, Neb.;—BOND SALE.—-On June 15 the $5,000 5% 5-20-year (opt.)
building bonds (V. 96, p. 1573) were awarded to the Lincoln Trust Co.,
Lincoln, at par.
Denom. $500.
Date June 1 1913.
MARYSVILLE
.
LE
ments elsewhere in
......
Due $1,270 yearly on
4,500 Robinwood Ave. bonds
Denom. $1,500. Due $1,500 yearly
■" on Oct. 1 from 1914 to 1916 incl.
5,160 Irene St. bonds.
Denom. $516.
Due $516 each six months from
Oct. 1 1914 to April 1 1919 incl.
2,810 Roosevelt Ave. bonds.
Denom. $281.
Due $281 each six months
from Oct. 1 1914 to April 1 1919 incl.
Date "day of sale."
Int. semi-ann. at Cleveland Trust Co., Cleveland.
Certified check for 5% of bonds bid for, required. „
,
$7,000 6%
MADISONVILLE, Hopkins County,
—BONDS
DISTRICT (P. O. Medora), Reno County,
VOTED.—On June 28, reports state,
Kana.
this district voted to issue
$6,000 building bonds.
MENTOR SCHOOL
—BONDS NOT
DISTRICT (P. O. Mentor), Lake County, Ohio.
SOLD.—No sale was made on June 14
that day.
V. 96, p. 1646.
of|the $3,50015%
school bonds offered on
|
WMIAMI COUNTY (P. O. Troy), Ohio.—BOND OFFERING.—Proposals
will be received until 1 p. m. July 17 by M. T. Staley, County Auditor, for
the following 5% Hood-emergency bonds:
$10,000 roads bonds of an issue of $43,000.
Dated July 1 1913 and due
July 1 1914.
40,000 bridges bonds of an issue of
July 1 1913, and Nos. 81-160
July 1 1914 and $15,000 July 1
$451,000.
Dates: Nos. 1-80 ind.,
Due $25,000
incl., Sept. 1 1913.
1915.
133
THE
CHRONICLE
Denom. $500.
Int. semi-annually at office of
County Auditor.
Certi¬
fied check for 3% of bonds bid for,
payable to County Auditor, required.
Meigs
impt. (village's portion) bonds, which
Ohio.— BONDS NOT SOLD.—No
sale was made, it is stated, of the
$3,000 5% flood-emergency bonds
offered on June 30 (V. 96, p.
1855.)
$100
than $5,000.
Date July 1 1913.
Int. J. & J. at the office of the
Treas. of Bd. of Mississippi Levee Commrs.
The bonds are
tax-exempt.
The Act of the Legislature of the State approved June
14, authorizing the
issuance of these bonds, provides that in the event of the failure to
sell the
same the Board may issue certificates of indebtedness in
sum not
exceeding
$200,000, payable not longer than one year after date and
bearing interest
from date till paid at rate not exceeding
6%,
r
MONROE TOWNSHIP (P. O. Marion), Grant
County, Ind.—BOND
OFFERING .—Proposals will be received until 10 a. m.
July 22 by A. A.
Nesbitt, Township Trustee, for $3,500 6% bonds.
Denom. $100.
Inter¬
est semi-annual.
Due $700 yearly from 1 to 5 years inclusive.
MONTGOMERY
COUNTY
(P.
O.
Crawfordsville),
Ind.—BONDS
NOT SOLD.—No sale was made June 19 of the
$28,700 AM % road bonds
offered on that day (V. 96, p. 1720).
MONTGOMERY COUNTY (P. O. Rockville), Md.—BOND
OFFER¬
ING.—Proposals will-be received until 12 m. July 29 by the
County Com¬
missioners, B.E.Clark, Clerk, for $25,000 AM % coup, tax-free road
bonds.
Denom. $1,000.
Date Aug. 1 1913,
Int. F. & A. at Farmers' Bank &
Trust Co., Rockville.
Due $1,000 yearly for 25 years. Certified
check for
$200. payable to Co. Comm'rs. reauired.
MORROW COUNTY (P. O. Mt. Gilead). Ohio.—BOND
OFFERING.
—Proposals will be received until 11 a. m. July 25 by Clifton Sipe,
County
Auditor/for the following,Noble Road impt. coup, bonds, with int.
at 5%:
$2,650 Township s portion bonds.
Denom. (1) $400, (9) $250.
Due $400
on Sept. 1 1914 and $250
yearly on Mar. 1 from 1915 to 1923 incl.
2,560 Landowners' portion bonds.
Denom. (1) $310, (9) $250.
Due $310
on Sept. 1 in 1914 and $250
yrly. on Mar. 1 from 1915 to 1923 incl.
Auth. Sec. 6949, Gen. Code.
Date Mar. 1 1913.
Int. M. & S.
Certi¬
fied check (or cash) on a bank doing business in
Morrow County for
5% of
amount of bonds bid for\ payable to
Auditor, required.
Bonds to be de¬
livered and paid for within 15 days from time of award.
Bids must be un¬
conditional.
Proposals will be made on blank forms furnished
by the Aud.
Separate bids must be made for each issue.
These bonds were offered with¬
out success on June 5 (V. 96, p. 1720).
MT. CARMEL SCHOOL DISTRICT (P. O. Mt.
Carmel), Wabash
County, 111.—BOND OFFERING.—This district is offering for sale
$26,000
5% building bonds, due $16,000 in 10 years and $10,000 in 20
years,
OLIVE AND BROGDEN TOWNSHIP (P.
O. Mt. Olive),
Wayne County, No. Caro.—BONDS VOTED .—By a vote of 238to
70,
the question of issuing $40,000 road bonds
carried, it is. stated, at the
MOUNT
elec¬
tion held June 24.
.
MOUNT OLIVE
GRADED SCHOOL DISTRICT
(P. O. Mt. Olive),
Wayne County, No. Caro.—BOND OFFERING.—Bids will be
opened on
Aug. 2 by E. R. Wilson, Sec. Board of Trustees, for the $10,000
5% 20-year
coupon school bonds voted June 10 (V. 96v p. 1439).
Date Aug. 15 1913,
Int. annual.
Certified check for 10% of bonds bid for
required.
Value
of real estate in district, $987,456.
NASHUA, Hillshoro County, *N. H.—BOND SALE.—The
County
Treasurer advises us that the $50,000 4%,bonds recently offered
without
success (V. 96, p. 1647) have been purchased
by the Sinking Fund
Trustees
at par.
\
.
•;
,
*'• '••'<=.
•
.
^NATIONAL CITY.—San Diego County, Cal —BOND ELECTION.—
According to newspaper reports an election will be held Sept
2, to vote
on the issuance of $10,000 park-impt. bonds.
i 6
to have taken place
July 1 (V.96,
banks at par.
NEW
HANOVER
COUNTY
BONDS TO BE OFFERED
will
of
(P. O.
Wilmington), No. Caro.—
SHORTLY.—According to reports, this county
shortly offer for sale $75,000 of an issue of $175,000
school and $50,000
an issue of $100,000 road
4M% 25-yr. bonds.
NEWKIRK SCHOOL DISTRICT
(P. O. Newkirk), Kay
Okla.—BOND
OFFERING.—Proposals
will
be
County,
received
until
8
p.
m.
Aug. 1 by E. E. Wood, Clerk of Board of
Education, for $50,000 5% coup,
taxable
high-school-building and equipment bonds.
Denom. $500.
Date
July 1 1913.
Int. J. & J. at fiscal
agency of State of
MIDDLETOWN SCHOOL DISTRICT (P. O. Middletown), Butler
County, Ohio.—BOND OFFERING.—Proposals will be received until
12 m. July 19 by E. L. Banker, Clerk of Board of
Education, for $65,000
5% coup, building and improvement bonds.
Auth. election held May 6.
Denom. $1,000.
Date Aug. 1 1913.
Int. P. & A. at Nat. Park Bank,
N. Y.
Due $25,000 Aug. 1 1920 and $20,000 on
Aug. 1 1925 and 1930.
Certified check for 3% of bonds bid for, payable to "Board of
Education,"
required.
Purchaser to pay accrued interest.
Separate bids will also be
received for $25,000 maturing Aug. 1 1920, $20,000
maturing Aug. 1 1925
and $20,000 maturing Aug. 1 1930.
nor more
was
postponed.
HAMPTON SCHOOL DISTRICT (P. O. New
Hamnton),
Chickasaw County, Iowa.—BOND SALE.—The
Secretary of the Board
or Education advises
us that this district has
disposed of the $150,000 AM %
bldg. bonds offered on June 16 (V. 96, p. 1720) to local
MIDDLETOWN, Butler County, Ohio.—BOND SALE.—Thefollowing
were received for the
$21,000 5% coupon flood bonds offered on July 5
(V. 96, p. 1855):
Stacy & Braun, Toledo__$21,192 00 Merch. Nat. Bk.,
Middlet.$21,040 70
Davies-Bertram Co., Cin. 21,171 00 Seasongood & Mayer, Cin. 21,030 00
Sid. Spitzer & Co., Toledo. 21,128 00
Spitzer, Rorick & Co., Tol.*21,000 00
Breed,Elliott & Har.,Cin. 21,052 50
*
Bid $21,000 and interest, less $300 for
legal expenses.
MISSISSIPPI LEVEE DISTRICT (P. O.
Greenville), Miss.—BONDS
NOT SOLD.—No sale was made of the $1,000,000 5
% 40-yr. coupon leveeconstr. bonds offered on July 1 (V. 96, p.
1855).
Denom. not less than
was
NEW
bids
'
1720),
p.
County,
MINNESOTA.—BOND SALES.—During the-, month of June the State
purchased at par the following twenty-seven issues of 4% bonds, aggrgating $229,000:
Amount.
Name of Place.
Date.
Purpose.
$20,000--Austin, Mower County
June 14 1913
Municipal
8,000--Becker County Ind. Dist. No. 1
School
June 28 1913
15,000.-Clay County Dist. No. 78
School
June 11 1913
2,000--Faribault County Ind. Dist. No. 1_
School
June 28 1913
20,000_-Fillmore County Ind. Dist. No. 6
School
June 14 1913
13,000-.Fillmore Co. Ind. Dist. No. 104
School
June 28 1913
5,000--Freeborn County Dist. No. 31--—...
June 11 1913
School
3,000--Gibbon, Sibley County—
June 11 1913
-Municipal
5,000--Kandiyohi County Ind. Dist. No. 37__
School
June 14 1913
14,000--Koochiching County Ind. Dist. No. 4__
School
June 10 1913
550--Lakeside Township, Aitlcen County—-Municipal
June 11 1913
7,000._McLeod County Ind. Dist. No. 70
School
June 14 1913
600-_Marshall County Dist. No. 145
School
June 11 1913
550--Millward Twonship, Aitkin County—
School
June 14 1913
6,000--Morrison County Dist. No. 41__.
School
June 11 1913
30,000--Murray County Ind. Dist. No. IS*—._ School
June 11 1913
3,000.-Nobles County Consol. Dist. No. 7...
School
June 11 1913
800--Otter Tail County Consol. Dist. No. 240 School
June 11 1913
2,600__0tter Tail County Ind. Dist. No. 28—
School
June 28 1913
1,400--Pennington County Consol. Dist. No. 30 School
June 11 1913
6,500-.Pine County Consol. Dist: No. 29
School
June 11 1913
800--Pine County Consol. Dist. No. 96
School
June 11 1913
50,200--Polk County Judicial Ditch No. 25_;
Ditch
June 11 1913
8,000--Redwood County Consol. Dist. No. 30School
June 11 1913
700-_Roseau County Consol. Dist. No. 98__
School
June 11 1913
300--Todd County Consol. Dist. No. 92____
School
June 11 1913
5,000--Wabasha County Cons. Dist. No. 92
School
June 11 1913
xcvii.
NEW
CONCORD, Muskingum County, Ohio.—BOND OFFERING
POSTPONED.—Reports state that the sale of the $5,000 6% Main St.-
Bonds to be delivered and paid for within
10 days from time of award.
Purchaser to pay accrued interest.
Bids must be unconditional.
MIDDLEPORT,
[Vol.
Okla. in N. Y.
^thin 25
$62,230,
No deposit required.
years.
Assessed valuation
1912,
Bonded debt
(incl.
this
$1,598,766.
Due
issue),
NEW LEXINGTON,
Perry County, Ohio.—BOND OFFERING.—
Proposals wiil be received until 12 m. July 28
by T. B. Skinner, Vil. Clerk,
$4,810 5% coup. Maple Heights St.-impt. bonds.
Auth. Sec. 3914 Gen
Code.
Denom. $481.
Date March 1 1913. Int. M. & S.
Due $481 yrly.
on March 1 from
1914 to 1923 incl.
Cert, check for
10% of bonds bid for,
payable to Vil. Treas.* required.
Bonds to be delivered and paid for within
10 days from time of award.
Purchaser to pay accrued interest.
Pur¬
chaser to furnish at his own
expense blank bonds and
coupons.
NEW PHILADELPHIA, Tuscarawas
for
County, Ohio.—BOND SALE.
—On
July 1 $18,500 5% 3*4-yr. (aver.) emergency
bridge bonds dated
July1 1913 were awarded jointly, it is
stated, to the Ohio Savings Bank &
Tr. Co., the Citizens' Nat. Bank
and the Merchants'
Philadelphia at
State Bank of New
par and int.
NEWPORT, Campbell County, Ky.—BONDS NOT
on
SOLD.—No bids
received for the $50,000
4% 30-yr. coupon street-impt. bonds offered
July 7 (V. 96, p. 1855). The bonds will now be offered
to small investors
were
in lots to suit.
NEW YORK
CITY.—BOND SALE.—During the month of June the
Sinking Fund purchased at par the
following bonds:
Purpose—
Int. Rate. Maturity.
Amount.
Various municipal
purposes
4%
1963
200 00
Various municipal purposes
3
1922
500,000 00
Various municipal purposes
3
1938
5,000,000 00
Water bonds
_.3
1938
4,200,000 00
Water bonds...,
____3
1922
50,000 00
Assessment bonds
3
1913T
1,000 00
General
...
-
__________
.....
fundxbonds*.
_.
_
_
___^ .... _ . ______ 3
1930
5.000,000 00
$14,751,200 00
following short-term securities (revenue bonds, bills and
corporate
stock notes) were issued
during Jhpe:
Rev. Bds. 1913. Int.
Amouni
Cor p. Stk.Notes.
Int.
Amount.
Current exp
4%
$450,000 00) Var.mun.purp.4 11-16 $2,500,000 00
Current exp:_.4H
650.000 Of Var .mun. purp .4 M
25,000 00
Special
4 11-16
300,000
Var.mun.purp.3
500,000 00
Special
3
100,000
4 11-16
1,000,000 00
(00 Water
Rev. Bills
1913.
Water
3 v
1,000,000 00
Current exp ^ *4 %
2,178,677 23 Rapid transit.4
1,000,00000
Current exp
*4 %
3,720,831 73
Current exp
*4^6
xl,619,695 48
The
—
_
_
.
__
Total
_■__•
___
$15,044,204 44
_
*
Rate of discount: figures in "Amount"
column represent proceeds of
loan after deducting discount,
x
Payable in (£) sterling.
PURCHASE OF $5,000,000 BONDS FOR
SINKING FUND COM¬
PLETED.—-It was announced early in the week that the
city had completed
the purchase for its sinking funds of
approximately $5,000,000 bonds,in
accordance with the advertisement run in
connection with the offering of
$45,000,000 bonds in May.
The face value of the bonds bought is $5,455,330, and the exact cost was $4,943,661 18, less accrued
interest, giving the
city an apparent profit of $511,668 82 on the transaction.
The income
basis of the bonds purchased
averaged about 4.468+%.
The maturities
range from 1913 to 1962.
NORMAN, Cleveland County, Okla.—BOND SALE r—On June 10
$20,000 6% 20-year refunding bonds were awarded to R. J. Edwards
of
Oklahoma City at par.
Denom. $500.
Date June 15
1913.
Interest
annually on June 15.
,
NORTH
CAROLINA.—BONDS AWARDED IN PART.—We are
advised by the State Treasurer, under date of
July 8, that up to June 30
$358,000 of the $1,142,500 4% 40-year permanent improvement bonds
(V. 96, p. 1855) have been disposed of.
NORTH DAKOTA .-'-BOND
SALE.—During the month of June the
following eighteen issues of 4% bonds, aggregating $164,600, were
pur¬
chased by the State at par:*
v
?
•
..
,
Name—
Amount.
Bad Land Sell. Dist.__ $1,200
Big Bend Sch. Dist—
Connors Sch. Dist....
1,000
8,000
38,000
6,000
2,400
6,500
Devils Lake
Easton Sch. Dist.
Eureka Sch. Dist
Flaxtori Spec. S. D
Fort Rice Sch. Dist—
Grand Forks County.
Juniata Sch. Dist.
500
50,000
1,000
1,000
2,000
_
Leipzig Sch. Dist
Neche Spec. Sch. Dist.
Nelson Sch. Dist
Salem Sch. Dist
5.000
1,000
10,000
Sentinel Butte S. D—
Speedwell Sch. Dist
Stanley Sch. Dist
Washburn Sch.
6,000
16,000
9,000
Dist..
Purpose.
Date.
Building
Building
Building
Funding
Building
Building
Building
Building
Due.
May 31 1913
Apr.
1 1913
Apr.
Apr.
May
May
May
May
May
May
Court-house
Building
Building
Building
Building
Building
Building
Building
1 1913
15 1913
31 1913
31 1913
31 1913
31 1913
«1 1913
31 1913
Apr. 25 1913
May
Apr.
Apr.
Apr.
Apr.
31
25
25
30
25
1913
1913
1913
1913
1913"
Bldg.&Fund. Apr. 25 1913'
Building
NORWOOD, Hamilton County,
.May.31,1913
May 31
Apr." 1
Apr.
1
Apr. 15
May 31
May 31
May 31
May 31
May
1
May 31
Apr. 25
May 31
Apr. 25
Apr. 25
Apr. 30
Apr. 25
Apr. 25
May 31
19331923
1933
1933
1933
1923
1933
1933
1933
1923
1923
1933
1933
1923
1933
1933
1933
1923
Ohio*—BOND SALE.—On July 7
the following seven issues of bonds, aggregating $35,748
75, were awarded,
it is stated, to Seasongood & Mayer of Cincinnati for
$35,755 25 (100.018)
and interest:
$10,000
10,500
6,500
3,500
1,500
2,632
1,116
"
00
00
00
00
00
75
00
5%
5%
5%
AM %
AM %
4H %
AM %
.
1
.
20-year hatatorium bonds.
20-year playground-extension bonds.
20-year Beech St. extension bonds.
20-year garbage-wagon equipment bonds.
>
20-year Highlahd Ave. sanitary sewer-extension bonds.
5i4-year Quatman Ave. sewer bonds.
53^-year Ivanhoe Aye. improvement bonds.
.
,
*
.
NAVARRO COUNTY (P. O. Corsicana), Tex.—BONDS
VOTED.—
the election held June 28 the proposition to issue the
$75,000, (not
$80,000 as first reported) road-improvement bonds in Dist. No. 3
(V. 96
p. 1720) carried, it is stated, by a vote of 178 to 85.
At
NELSON COUNTY (P. O.
The
$35,000
bonds offered
5%
on
Livingston), Va.—BONDS NOT SOLD.—
Massies Mill Magisterial District
road-impt.
(V. 96. P. 1512) were not sold on that
day.
coupon
June 7
NELSON TOWNSHIP SCHOOL
DISTRICT, Portage County, Ohio.
OFFERING.—Proposals will bo received until 12 m. Aug. 1 bv
A. C. Hopkins, Clerk Board of Ed.
(P. O. Garrettsville, R. F. D. No.
25),
for $25,000 5% bldg. bonds.
Auth. Sees. 7625 to 7627 incl., Gen.
Code.
Denom. $500.
Date Aug. 1 1913.
Int. A & O.
Due $500 each six mos.
—BOND
from Apr. 1 1915 to Oct. 1 1939 incl.
Dist. Treas., required.
Purchaser to
Cert, check for
$300, payable to
pay acerued int.
NEW
BARBADOES
TOWNSHIP
(P.
O.
Hackenjsack),
Bergen
County, N. 3.—BOND SALE.—On July 7 the $70,000
5% school bonds
(V. 97,
p.
68)
were
at par and interest.
awarded to the Hackensack Trust Co.
of
Hackensack
NEW BERN, Craven
County, No. Caro.—BOND OFFERING.—Pro¬
posals win be received until 12 m. Aug 5 by F T.
Patterson, City Clqrk,
for the $20,000 5% 30-year
coupon school bonds Voted May 6
(V
96
r>
1378)
Denom. not less than $100 nor more than
$1,000.
Int. J.'& J at
place to be agreed upon.
Certified check for
1% of bonds
OKANOGAN COUNTY SCHOOL DISTRICT NO.
17, Wash.—BOND
SALE.—The two issues of 20-yr. bonds, aggregating
$24,800 offered on
April 10 (V. 96. p. 892) have been awarded to the State of Washington at
►enom. $1,000.
Ear for 5s. It is also stipulated that the bonds may be redeemed after 1
Date July 11913.
Int. annual.
year,
ORRVILLE, Wayne
County, Ohio.—BOND SALE.—On July 7 the
four issues of 5M % coup, street bonds aggregating $38,100 (V.
96, p. 1720)
were
awarded to Seasongood & Mayer of Cincinnati at
100.988.
bids par
and accrued interest with premiums
as
All
follows:
Orrville Nat'l Bk., Orrv'Ie, O.$150.00
[Spitzer, Rorick & Co., Tol. 0.$ 68.85
Sidney Spitzer& Co., Tol., O. 375.00) Seasongood & Mayer, Cin. O. 376.50
Breed Elliott & Har'n, Cin.,0.
263.961
OTO INDEPENDENT SCHOOL DISTRICT (P. O.
Oto), Woodbury
County, Iowa.—BOND SALE.—On June 1 $15,000 5% building bonds
were purchased at private sale by the Security Loan &
Investment Co. of
Des Moines.
Denom. $500.
Date July 1 1913.
Int. J. & J. at the office
of the purchaser, unless otherwise designated.
Due July 1 1923, subject
to call $1,000 yearly after July 1 1916.
PAINESVILLE, Lake County, Ohio.—BONDS NOT SOLD.—No
bids
received for the eight issues of 5% coupon bonds,
aggregating $86,000,
offered on June 28 (V. 96, p. 1574).
We are advised that the city is arrang¬
ing to sell the bonds locally at private sale.
>
were
-
.
Bidders
are
bid for required
invited to submit form of bonds
and coupons to be used
PAULDING COUNTY (P. O. Paulding), Ohio.—BOND
OFFERING.
—Proposals will be received until 3 p. m. July 18 by H. Mouser, County
Aud., for the following 5% bonds:
July 12
$9,600 Shaffer Pike bonds.
Denom. (1) $600, (18) $500.
Due on Aug. 1
as follows: $2,500 in 1915, 1916 and 1917 and $2,100 in 1918.
3,800 McClure Pike bonds.
Denom. (1) $800, (3) $100.
Due $1,000
yearly on Aug. 1 from 1915 to 1917 incl. and $800 Aug. 1 1918.
2,500 emergency bonds.
Denom. $500.
Due Sept. 1 1914.
Date Aug. 1 1913.
Int. P. & A. at office of County Treas.
Cert, check
for $300, payable to County Treas., required.
Purchaser to furnish at
his own expense blank bonds and coupons on pike bonds.
PENDLETON, Umatilla County,
Ore.—BONDS AWARDED IN
PART.—Papers state that of the $200,000 5% 20-30-yr. (opt.) coup, water
works bonds offered on June 25 (V. 96, p. 1721), $100,000 were awarded
to the American National Bank of Pendleton at 96
The bank has se¬
cured a 30-day option on the remaining $100,000.
SALE.—On June
111.—BOND
County,
(P.
DISTRICT
SCHOOL
PENFIELD
awarded to H. C. Speer & Sons Co. of
Champaign
Penfield),
O.
$7,000 school
10
bonds were
Chicago.
PENNINGTON COUNTY (P. O. Thief River Falls), Minn.—BOND
to reports, this county has sold to Chicago people
SALE.—According
ROCHESTER, N. Y.—NOTE SALE.—On July 10 the two Issues of
aggregating $110,000 (V. 97, p. 69). were awarded as follows:.
$100,000 water-works-improvement notes to the East Side Sav. Bank,
Rochester, at 5j^% int., and $10,000 public-market-construction notes toJ. S. Bache & Co., N. Y., at 5.875% int.
Other bids were:
Bidder—
Amt. Bid For.
Int.
Prem.
J. S. Farlee & Co., New York
Entire issue
5.875
$10 00
J. S. Bache & Co., water-works-impt. notes
$100,000
5.875
Parkinson & Burr, New York—
Water-works-improvement notes
100,000
5.95
7 75
Public-market-construction notes
10,000
5.95
1 50
Bond & Goodwin, New York
Entire issue
6.00
11 00
notes,
__Entire issue
.Entire issue
6.00
8 00
6.00
6 00
public-mkt.-constr.
$10,000
N. Coler & Co., New York
Entire issue
6.00
New York
Security Trust Co., Rochester
H. Lee Anstey,
„
East Side Sav. Bk., Roch.,
W.
,
6.00
ROCKINGHAM, Richmond County, No. Caro.—BOND SALE.—
Reports state that this toWn has sold $30,000 street-paving and $20,000
graded-school bonds to a Detroit firm.
'
$40,000 Elwell highway-construction and $50,000 ditch bonds.
Greenbrier County, W. Va.—BOND SALE.—The
(city's portion) bonds offered on July 5 (V. 96,
awarded, it is stated, to Mayer, Deppe & Walter of Cincinnati
RONCEVERTE,
Middlesex County, N. J.—BOND SALE.—On July 7
offered without success on June 30
1856) were awarded to John D. Everitt & Co. of N. Y. at 100.41/
PERTH AMBOY,
the $97,000 5% 10-yr. street-impt. bonds
(V. 96, p.
133
CHRONICLE
THE
1913.]
$5,000 6% 30-year paving
p. 1856) were
at 101.60.
Other bidders were:
J. S. Rippel,
RUSH COUNTY (P. O.
Newark, bid $97,135 80.
Harris, Forbes & Co. ,N. Y., bid $97,088 27; also $62,056 42
R. M. Grant & Co., N. Y., bid $62,282 72 for $62,000.
First Nat. Bank of Perth Amboy bid par for $35,000.
•
SAC
for $25,000.
bid par for $10,000.
PHELPS SCHOOL DISTRICT (P. O. Phelps), Ontario County,
N. Y.—BONDS NOT SOLD.—No sale was made on June 2of the$30,000
4M% 16 1-3-yr. (aver.) school bonds offered on that day (V. 96, p. 1514.) •
PICKAWAY COUNTY (P. O. Circleville), Ohio.—BOND OFFER¬
ING.—Proposals will be received until 12 m. July 22 by J. A. Dodd, Co.
Aud., for the following 5% bridge bonds:
$94,000 Red bridge-constr. bonds.
Denom. $1,000. Due $1,000 yrly.
on March
1 from 1914 to 11937 incl.
$2,000 yrly. on Sept. 1
from 1914 to 1942 incl. and $2,000 yrly. on March 1 from 1938
Perth Amboy Trust Co. of Perth Amboy, bid par
Perth Amboy Sav. Institution of Perth Amboy,
,
^
to
1943
incl.
110.000 Bloomfield River bridge-constr. bonds.
Denom. $1,000.
Due
$2,000 each six months from March 1 1914 to Sept. 1 1939 incl.
and $1,000 each six months from March 1 1940 to Sept. 1 1942.
•
38,000 Darbyville bridge-constr. bonds.
Denom. $1,000.
Due
each six months from March 1 1914 to Sept. 1 1932 incl.
29,000 Bazore
bridge-constr.
on
Date July
Denom.
bonds.
$500.
Due
$500
each
Due $1,000 yrly.
Denom. $1,000.
Ford road bonds.
March 1 from 1914 to 1936 incl.
Int. M. & S. at office of Co. Treas.
1 1913.
for 2% of bonds bid for, payable to Co. Treas., required.
delivered and paid for within 10 days from time of award.
pay
$1,000
1 1914 to Sept. 1 1942 incl.
six months from March
23,000 Mackey
Cert, check
Bonds to be
Purchaser to
accrued interest.
PIKE COUNTY (P. O. Petersburg), Ind.—BOND SALE.—On July 1
the $15,000 4V$% coupon road-impt. bonds (V. 96, p.
to the Fletcher-American Nat. Bank pf Indianapolis.
There were no other
The Treas. advises us that
porary
Date June 15 1913.
—
69)
loan of $25,000 on July 9 (V. 97, p.
are erroneous.
Tex—BIDS REJECTED.—It is stated
are
erroneous.
SACRAMENTO, Cal.—BOND OFFERING.—Reports state that pro¬
posals will be received July 24 for $887,000 levee bonds.
SACRAMENTO COUNTY (P, O. Sacramento), Cal.—BOND SALE.
—On June 28 $700,000 (part of an
issue of $1,997,344 40) 6% Reclamation.
1,000 bonds were awarded to W. H. Devlin at par and
$100, $500 and $1,000.
Date Jan. 1 1913.
Int. J. & J.
District No.
Denom.
int.
SAGINAW,
Saginaw County, Mich.—BONDS AUTHORIZED.—
According to reports, the Board of Estimate on June 27 authorized the issu¬
ance of $40,000 street
and sewer-improvement bonds.
ST.
JAMES, Phelps County, Mo.—BONDS DEFEATED.—The ques¬
bonds was defeated, it is stated,,
tion of issuing $40,000 city-hall-constr.
at the election held June 30.
.
PARIS, Champaign County, Ohio.—BOND OFFERING.—Pro¬
posals will be received until July 30, it is reported, for the $25,000 sewerconstr. bonds.
These bonds were advertised to be sold on June 26, but the
offering was withdrawn (V. 96, p. 1856). '
ST. PETERSBURG SCHOOL DISTRICT NO. 3 (P. O. St. Peters¬
burg), Hillsboro County, Fla.—BONDS VOTED.—The $67,000 6%
30-yr. bldg. bonds (V. 96, p. 1721) carried, it is stated, at the election
held July 1 by a vote of 344 to 29.
ST.
SALEM, Columbiana County, Ohio.—BOND OFFERING.—Proposals
July 30, it is stated, by G. Holmes, City Aud.,
$25,000 514 % 13 2-3-yr. (av.) sewer bonds.
Int. semi-ann, .Cert,
check for 2% required.
will be received until 12 m.
for
Salt
CITY SCHOOL
LAKE
Lake
County,
ceived until 12
m.
DISTRICT
(P.
an
no
Ore.—BOND SALE.—On June 26 $55,000 4% 30-yea.
bridge bonds were awarded to Morris .Bros, of Portland at 88.28.
or
election held June 26.
F. & A. in N.
payable to
O.
Salt Lake City),
Utah.—BOND OFFERING.—Proposals will be re¬
July 14 by L. P. Judd, Clerk, for $155,000 refunding and
Auth. vote of 259 to 84
$200,000 bldg. 4H% 20-yr. gold coupon bonds.
at
$10,000sewer
and water-extension 5% 20-40-year (opt.) coup, bonds offered on July 1
(V. 96, p. 1648) were rejected.
POMONA
SCHOOL DISTRICT
(P. O. Pomona), Los Angeles
County, Cal.—VOTE.—We are advised that the vote cast at the election
held June 26 on the proposition to issue the $30,000 5% 1-10-year "(serial)
bonds was 364 to 161 (v. 97, p. 69).
"/•
7
that all bids received for the $12,000 street-improvement and
that the newspaper reports
electric-light bonds
SALT
Mass.—NO LOAN OFFERED
the reports stating that this city offered a tem¬
PLAINVIEW, Hale County,
.
1856) were awarded
us
by W. M. Mc-
Sac County, Iowa.—NO BONDS VOTED.—The Mayor
stating that this city recently voted
CITY,
advises
bidders.
Berkshire County,
PITTSFIELD,
Rushville), Ind.—BOND OFFERING.—Pro¬
posals will be received until 2 p. m. July 14, it is stated,
Bride, Co. Treas., for $12,700 highway-impt. bonds.
for $62,000.
Y. City or
Bd. of
Salt
Denom. $1,000.
Cert,
Lake City.
Official
Ed., required.
Date Aug.
check
for
1 1913.
5%
Int.
of bid,
circular states that there is
concerning the validity
of the school district.
controversy or litigation pending or threatened
of these bonds, the corporate existence or boundaries
present officers to their respective offices; that no previous
Or the title of the
„
PORTLAND,
Pratt County,Kans.—
July 29 to vote on the ques¬
issues of bonds have been contested and there has never been any
The official
PRATT SCHOOL DISTRICT (P. O. Pratt),
BOND ELECTION— An election will be held
tion of issuing
this county awarded $6,000
Bank of Eaton at 100.230.
SAMPSON
Sar. 7 and Oct. 7
pril Denom. $600.
5% road bonds to the Preble County National
The Twin Valley Bank of West Alexander bid
Date July 7 1913. Due part each six months on
for 5 years.
PULTNEY TOWNSHIP (P. O. Bellaire), Belmont County, Ohio —
SALE.—On July 3 the $25,000 5% 14^-yr. (aver.) Bellaire and
BOND
Neff road-impt. bonds (V. 96, p. 1648) were awarded jointly to the First
Nat. Bank and the Farmers' <fe Merchants' Bank of Bellaire at par and int.
Purchaser also to furnish
$25,062 50.
PUTNAM
|
COUNTY
•
,
•
,
O. Greencastle), Ind.—BOND SALE.—On
July 7 $2,740 of the $19,240 road bonds offered on that day (V.
were awarded, it is stated, to Mr. A. Call of Roachdale at par.
PUTNAM COUNTY
97, p. 69)
(P. O. Brewster), N, Y.—BOND OFFERING.—
Proposals will be received until 12 m. July 21 by E. D. Stannard, County
Treasurer, for $38,000
Int. F. & A. at office of
County Treasurer
Date Aug. 1 1913.
4%% highway-impt. bonds.
in
N.
yearly
Y.
on
exchange.
Due $4,800
The
on
or at
Aug.
Aug. 1 from 1917 to 1931, incl.
1
First Nat. Bank, Brewster,
1915
and 1916 and
$2,000
Cert, check for 2% of issue
''
required.
•
■
official notice of this bond: offering will be found among the advertise¬
ments elsewhere in this
PUTNAM
Department.
COUNTY
(P.
O.
Ottawa),
Ohio.—BONDS NOT TO BE
BE RE-OFFERED THIS YEAR.—The County Auditor advises us that the
three issues of 5% stone-road-impt. bonds, aggregating $46,500, offered
without
success on
June 9 (V. 96, p. 1379) will not be
RACCOON SCHOOL TOWNSHIP (P.
re-offered this year.
O. Bridgeton), Parke County,
Ind.—WARRANT OFFERING.—Proposals ;will be received until 2 p. m.
Aug. 2 by F. A. •Mitchell, Twp. Trustee, for $1,800 5% school warrants.
Denom.
$6Q0.
Date Aug. 1 1913.
Int.
annually.
Due part yearly for
3 years.
RANDOLPH COUNTY (P. O. Winchester), Ind .—BOND OFFERING
—Reports state that proposals will be received until 10 a. m. Aug. 15 by
H. F. Wood, County Auditor, for $12,000 5% bonds.
RED SPRINGS GRADED SCHOOL DISTRICT (P. O. Red Springs),
Robeson County, No. Car.—BOND SALE.—On June 14 the $15,000 6%
30-yr. gold coupon bonds (V. 96, p. 1574) were awarded to Bumpus & Co.
of Detroit.
RICHLAND
SCHOOL
TOWNSHIP
(P.
O. Auburn),
De Kalb
Ind— BOND SALE.—On July 7 the $20,000 4H% 5^-year
(average) building bonds (V. 97, p. 69) were awarded to Charles Eckhart
of Auburn at 100.175 and interest.
I
County,
RICHWOOD
VILLAGE
SCHOOL
DISTRICT (P. O. Richwood),
Union County, Ohio.—BOND SALE— The $1,800 6% refunding bonds
offered on June 27 have been awarded to the Farmers Deposit Bank of
Richwood for $1,801 (100.055) and int.
Denom. $450.
Date July 1 1913.
Int. J. & J.
Due $450 yearly Sept. 1 from 1915 to 1918 incl.
RIDGEWOOD TOWNSHIP SCHOOL DISTRICT (P. O. Ridgewood),
Bergen County, N. J.—BONDS NOT SOLD.—No sale was made of the
$35,000 5% coupon bonds offered on July 7 (V. 96, p. 1856.)
RIPLEY COUNTY
(P.
O. Versailles), Ind.—BOND SALE.—On
July 7 the three issues of pike bonds, aggregating $24,920 (V. 96,
were awarded as follows:
p.
1788),
$7,260 Johnson Twp. bonds to the Cross Plains State Bank of Cross Plains
for $7,270—making the price 100.137.
6,160 Franklin Twp. bonds to the Napoleon State Bank of Napoleon
for $6,170—making the price 100.162.
11,500 Centre Twp. bonds to the Versailles Bank of Versailles at par.
..
ROANS PRAIRIE SCHOOL DISTRICT
(P. O. Roans Prairie),
Grimes County, Tex.—BOND ELECTION —An election will be held to¬
(July 12), it is reported, to vote on the question of issuing $6,000
building bonds.
« '
...
'
day
.
.
(P. O. Clinton),
$500.
No.
Caro.—BOND SALE.—
Denom,
Int. J. & J.
SAN DIEGO,
San Diego County, Cal.—BONDS VOTED.—The ques¬
the $850,000 5% 1-40-yr. (ser.) park-impt. bonds (V. 96,
1721) carried at the election held July 1 by a vote of 9,833 to 613.
tion of issuing
p.
SANDUSKY COUNTY
(P. O. Fremont), Ohio.—BONDS NOT SOLD.
the $25,000 5% flood"
•
"
"
—No bids were received ob July 2, it is stated, for
emergency
bonds offered on that day J
SAN FRANCISCO. Cal.—BONDS NOT SOLD.—No bids were received
for the following two issues of 43^ %
'
(P.
COUNTY
The Bank of Clinton was awarded at par $15,00015% road bonds.
Harrison of Cin. bid
Breed, Elliott &
bonds.
notice of this bond offering will be found among the advertise¬
Department.
..."
ments elsewhere in this
$35,000 bldg. bonds.
PREBLE COUNTY (P. O. Eaton), Ohio.—BOND SALE.—On July 7
default
compromise in the payment of any of the school district's obligations..
tax-free municipal bonds aggregating
$1,300,000 offered on June 30 (V. 96, p. 1856):
$850,000 hospitai-jail-completion bonds, issue 1913.
from 1916 to 1932 incl.
Due $50,000 yrly,
450,000 water bonds, issue 1910.
Due $10,000 yrly. 1920 to 1964 Incl.
Int. semi-ann. at the City Treas. office, or, at the option of the holder,
at the fiscal agency of San Francisco in N. Y.
The Treasurer has been
directed to sell these bonds over the counter at par and interest.
BONDS DECLINED.—As stated in Y, 96, p. 1248, a syndicate of bond
buyers, headed by N. W. Halsey & Co. of N. Y., contracted in April for
the purchase of five issues of 5% bonds, aggregating $5,104,000.
The
option was given the syndicate of taking up $1,100,000 bonds monthly in
May, June, July, Aug. and Sept., and in the case of the May and June1
installments this option was exercised.
On July 2, however, the purchasers
notified the city authorities that they would not avail themselves of the
privilege of taking the rest of the bonds, as they cannot sell them in the
present market.
'
SAN MATEO COUNTY (P. O. Redwood City), Cal.—BONDS NOT
OFFERING.—No
award was made of the $352,000 5%
SOLD—NEW
highway bonds offered on June 30 (V. 96. p. 1788).
The bonds, it is
are being re-advertised, new bids to be opened July 15.
SARCOXIE
BONDS
SPECIAL
OFFERED
BY
ROAD
DISTRICT,
stated,
Jasper Cohnty, Mo.—
Co. of St. Louis are
BANKERS.—Whitaker &
offering to investors $25,000 6% road bonds purchased by them July 3.
Denom, $500.
Date July 1 1913.
Int. J. & J. at the First Nat. Bank,
Chicago.
Due $1,000 July 1 1915 and $2,000 yearly July 1 from 1916 tp
1927incl.
Total debt this issue.
Assess, val. 1911 $577,000.
SEA ISLE, Cape May County.
were
on
received
N. J.—BONDS NOT SOLD.—No bids
July 2 for the $48,000 5% 30-yr. refunding bonds offered
96, p. 1856).
on
that day (V.
SEATTLE, Wash .—BOND SALE.—On June 27 $195,515 42 7% Interit is stated, to the Union
bay Dist. trunk-sewer bonds were awarded,
Savings & Trust Co. of Seattle.
SELMA, Johnson County, No. Caro.—BOND OFFERING.—Pro¬
posals will be received until July 25 by M. F. Jordan, Mayor, for $10,000
6% 30-year coup. impt. bonds.
Denom. to suit purchaser:
Int. semiann.
Cert, check for $250 required.
CREEK DRAINAGE DISTRICT (P. O. Senatobia),
Miss.—BONDS NOT SOLD.—The Secretary advises us
been made of the $10,000 6%
drainage bonds offered on June 2 (V. 96, p. 1318).
SENATOBIA
Tate
County,
under date of July 9 that no award has yet
20-year coup,
SEVIER COUNTY (P. O. Seviervillle), Tenn.—BOND SALE.—An
due in 1, 2, 3 and 4 years has been dis¬
posed of to local parties at about a 6% basis.
These bonds take the place of the $35,000 5% 20-yr. coupon refunding
bonds offered without success on June 10 (V. 96, p. 1575.)
issue of $28,000 5% refunding bonds
SHELBY COUNTY (P. O. Sidney), Ohio.—BOND OFFERING.—
Proposals will be received until 10 a. m. July 19 by H. T. Ruese, Co. Aud.,
for $13,500 ditch-impt. bonds.
Denom. (13) $100, (10) $500, (15) $200,(6) $250. (9) $300.
Date July 1 1913.
Int. J. & J. at Co. Treas. office.
Due $1,500 on Jan. 1 1914 and $4,200 on Jan. 1 1915 and on July 1 as fol¬
lows: $3,700 in 1914, $2,300 in 1916, $1,100 in 1917 and $700 in 1918.
Cert, check (or cash) for $200 required.
These bonds were offered without
success on July 1 (V. 96, p. 1721),
V
134
SISTERS VILLE, Tyler County, W.
posala will be received until 3 jp. m. July
for $16,000 of an issue of $25,000
5%
works, sewer-extension and street-impt.
1866).
It
offered
CHRONICLE
THE
was
Va
Pro26 by A. T. Holmes, City Clerk,
10-34-year (opt.) coupon water¬
bonds voted June 18 (V. 96, p.
first reported that the whole issue of $25,000 was to be
(V. 96, p. 1856).
Denom. $100.
Date July 1 1913.
City Treasurer or at Seaboard Nat. Bank, N. Y.
SMITH TOWNSHIP
(P. O. Sebring), Mahoning County, Ohio.—•
OFFERING.—Proposals will be received until 12 m, July. 28 by
Jenkins, Twp. Clerk, for $30,000 5% road-impt. bonds.
Auth. Sees.
BOND
H.
6976 to 7018 lncl., Gen. Code.
Denom. $500.
Date June 1 1913.
Int.
J. & D.
Due $1,000 yrly. on June 1 from 1915 to 1944 incl.
Cert, check
on a Mahoning County bank for $500,
payable to E. L. Stanley, Twp.
Treas., required.
These bonds were offered without success as 4Ms on
June 25 (V. 97, p. 69).
N
.
SMITH VILLE,
the following
$9,500,
two
Wayne
awarded to the
were
Ohio— BOND SALE.—On July 7
coup, street-impt. bonds, aggregating
Citizens'Nat. Bank of Wooster at par and
County,
issues of 5M%
blank bonds:
DRA WN FROM MARKET.—We are advised that the
$10,000 paving and
$78,000 school bonds offered but not sold on June 26 have been withdrawn
from
the market.
TROY, Rensselaer County,
N. Y.—BOND OFFERING.—Proposals
a. m. July 17
by W. H. Dennin, City Compt., for
4M% reg. Oakwood reservoir conduit bonds.
Denom.
(40)
$1,000, (20) $750.
Date June 1 1913.
Int. J. & D.
Due $2,750 yrly. for
20 yrs.
Cert, check for 1% of bonds bid for, payable to
"City of Troy,"
required." Bonds to be delivered and paid for within 10
days from time of
award.
Purchaser to pay accrued interest.
Bids must be made on blank
forms furnished by the City Comptroller.
•
TUPPER LAKE SCHOOL DISTRICT (P. O.
will be received until 10
$55,000
.
Tupper Lake), Frank¬
County, N, Y.—NO BOND ELECTION.—We are advised by the
Secretary, under date of July 2, that the election held July 1 was not to
authorize the issuance of $15,000 building bonds
(V. 96. p. 1649) but to
vote on levying a direct tax.
lin
$6,000 assessment bonds.
Denom. $600.
.3,500 village's portion bonds.
Denom. $350.
Date April 1 1913.
Int. ann. on April 1 in Smithville.
Due one bond
of each issue yrly. for 10 yrs.
These bonds were reported sold onJVlay 28
to the same bank (Y. 96, p. 1648).
,
SOMERSET
SCHOOL
DISTRICT
(P. O. Somerset), Somerset
County, Pa— BOND OFFERING.—According to reports, proposals will
be received until 1 p. m. July 19 by P. Miller, Dist. Sec., for $20,000 5%
794-lOM-yr. (opt.) (av.) bldg. bonds.
Int. semi-ann.
Cert, check for
JJNION COUNTY (P. O.MarysviUe), Ohio.—BONDS AWARDED
_
PART.—On
SOUTH ST. PAUL, Minn.—BONDS OFFERED BY BANKERS—The
Wells & Dickey Co. of Minneapolis and St. Paul is offering to investors at
103.07
the $80,000 5M % 20-year coupon refunding bonds recently
pur¬
chased from the city.
Denom. $1,000.
Date July 1 1913.
Int. J. & J.
at American Exchange National Bank, N. Y.
SPARTA, Monroe County, Wis.—DESCRIPTION OF BONDS.—We
are advised that the $20,000 street-impt. bonds recently authorized (V. 96,
1649) bear interest at the rate of 5%, payable semi-annually.
Denom.
$500.
Due $1,000 yearly on Mar. 1 from 1918 to,1924, inclusive, $3,00Q
Mar. 1 1925, 1926 and 1927 and $4,000 on Mar. 1 1928.
p.
300 to Thos. McGreev for $300 50 (100.166) and int.
500 to A. F. By water at par and int.
UNION
COUNTY
(P.O. Rockport), Ind—BOND SALES.—The
$5,600 4M % highway-impt. bonds offered on May 31 (V. 96, p. 1440) have
been awarded to local parties at par.
On July 9 $6,800 4 M %road bonds were sold, it is stated, at par as follows:
$3,060 to the Farmers' Bank of Rockport and $3,740 to B. F. Huffman.
BONDS NOT SOLD.—No sale was made of the $8,320 4M % highway_
impt. bonds offered
on
June 28 (V. 96,
TOWNSHIP (P. O. Rutherford). Bergen
County,
$4,500 town-hall-site^purchase 4M %
coupon or reg. bonds offered on July 7
(Y. 96, p. 1857) failed to attract any bids.
The reports further state tnat
the bonds will likely be disposed of
privately.
URBANA,
Denom.
(66) $1,000, (1) $1,095 59.
Date Mar. 1 1913.
City Treasurer.
Due $4,000 each six months from
Mar. 1 1917 to Sept. 1 1924, incl., and $3,095 59 on Mar. 1 1925.
Certified
check for 5% of bonds bid for required.
Bonds to be delivered and paid for
within 10 days from time of award.
bonds.
Int. M. & S. at office of
SPRINGFIELD
CITY
DISTRICT
SCHOOL
Clark County, Ohio.-—BOND SALE.—On
yr.
(av.)
coup,
school bonds (V. 96,
p.
(P.
O.
Springfield),
July 2the $100,000 5% 16M-
1789)
were
awarded to Otis & Co.
of Cleveland at 101.687 and int.
Other bids were:
Prov. S. B. & Tr. Co., Cin_$101,680 Fifth-Third Nat. Bk., Cin-$101,400
Amer. Tr. & S. B., Spgfd.. 101,660 Seasongood & Mayer,
Cin_ 101,390
Field, Longstreth & Co.,Cin
101,435 A. E. Aub & Co., Cin__^
SPRING VALLEY, Bureau
County,
101,310
111.—BONDS VOTED.—At the
election held June 24 the question of issuing $25,000
bonds carried, reports state, by a vote of 98 to 50.
sanitary-sewer-const,
1931 and
10,250
6%
6%
'
Int. J. & D.
15 for the $25,000 5% 10-40-year (opt.) water bonds
(V. 96, p. 1649).
Denom. $1,000.
Date June 1 1913.
■
STAFFORD
WARRANT
TOWNSHIP (P. O. Marco), Green County, Ind—
OFFERING.—Proposals will be received until 2 p. m. July 19,
it is stated, by W. Squires, Twp. Trustee, for $2,700 twp. warrants.
STARK COUNTY (P. O. Canton), Ohio— BOND SALE.—On July 7
the $190,000 5 % 2-11-year (serial) bridge bonds (V. 96, p. 1856) were
awarded, it is stated, to Weil, Roth & Co. of Cincinnati at 100.15.
STORY CITY,
Story County, Iowa—BONDS VOTED — The ques¬
light-plant bonds (V. 96, p. 1721) carried at the
tion of issuing the $8,000
election held July 7 by a vote of 67 to 24.
SUBLETTE SCHOOL DISTRICT (P. O. Sublette), Haskell County,
Kan.—BONDS PROPOSED.—According to reports, this district is contem¬
plating the issuance of $4,000 bldg. bonds.
' •
SUPERIOR,
Douglas
County,
Wis.—BONDS
NOT
TO
RE-
BE
OFFERED AT PRESENT.—The Assistant City Attorney advises us that
this city has at present no intention of re-offering for sale the $65,000
school-building bonds offered without
success on
SYRACUSE, Onondaga County,
May 28 (V. 96, p. 1649).
June 1 from 1914 to 1918 incl.
1 1913.
Int. J. & D. at Columbia-Knickerbocker Tr. Co.,
These bonds will be certified as to genuineness
on
Date June
by the Columbia-
Knickerbocker Tr, Co. and their legality approved by Caldwell, Masslich
& Reed of N. Y. City, whose opinion will be furnished to successful bidder
or bidders.
Cert, check for 2% of bonds bid for, payable to Comptroller,
required.
Purch. to pay accrued int.
Bonds to be delivered at 11 a. m.
July 30 at office of above trust co. in N. Y.', unless a subsequent date shall
be mutually agreed upon in writing.
Bids: must be on blank forms furnished
by city and must be unconditional
„
TACOMA, Wash.—BOND SALES.—This city during the
issued the following 7% special-improvement assessment
gating $67,198 59
Amount.
'
" Purpose..
Date.
June
3 1913
$1,048 50— -Paving
June 10 1913
,•
162 25
Grading
*
June 11 1913
34,064 47Water-main
'
193 15
Sewer
June 27
1913
June. 27
4,908 32
Grading
26,821 90—Paving..,: .J.
1913
1913
June 27
month of June
bonds,
aggre¬
3
1923
June 10
June 11
1918
1918
June 27 1918
June 27 1918
June 27 1923
TAMPA, Hillsboro County, Fla—BONDS A WARDED IN PART.—
5% gold improvement bonds offered on'July 1 (V. 96, p.
$100,000 were awarded to the N. Y. Life Insurance Co. at par.
submitted.
TAYLOR TOWNSHIP, Howard County, Ind.—BOND OFFERING.
—Proposals will be received until 2 p. m. July 23 by J. W., Jessup, Twp '
.
Trustee (P. O. Kokomo, care
Jessup & Miller), for $4,900 4M% 1-10-year
(ser.) bonds.
TOWNSHIP (P. O. Brimson), Grundy County, Mo—
VOTED.—According to reports, the question of issuing $5,000
TAYLOR
BONDS
road bonds carried, by a vote of 59^to 4, at the election held June 28.
THOMASTON, Upson County, Ga.—BOND OFFERING.—Proposals
will be received until 8 p. m. July 15 by F. D. Riviere,
City Clerk & Treas.,
for the following 5% gold
coup, tax-free bonds voted May 21 (V. 96, p. 1575):
$15,000 sewer and water-ext. bonds.
Denom. $1,000.
Due part yearly
for 30 years beginning Jan. 1 1928.
Cert, check for
$200
quired.
5,000 R. E. Lee Institute school-impt. bonds.
,an? $3,000 Jan. 1 1942.
_Date July 1 1913. Int. J. & J.
x
*
re¬
Due $2,000 Jan. 1 1941
Cert, check for $100 Required.
at Treasurer's office.
Successfullbidder
will be required to have bonds
printed.
VAN
BUREN,
Crawford County,
Ark.—BOND OFFERING WITH¬
advised by the Chairman of Bd. of Commrs. that the
10-yr. (ser.) Storm Sewer & Drainage Impt.
Dist. No. 1 bonds which was to have taken
place June 12 was withdrawn
until later date on account of some change in the
city affairs.
Denom.
DRAWN.—We
are
offering of the $8,000 6%
$500.
Date Aug. 15 1913.
Int. annual.
VIRDEN, Macoupin County, 111.—BONDS DEFEATED.—'The pro¬
position to issue $45,000 township high-school-constr. bonds was defeated,
it is stated, at the election held June 29.
WABASH COUNTY (P. O. Wabash). Ind.—BOND OFFERING.—
Reports state that proposals will be received until 1p.m. July 14 by N. P.
Lavengood, County Treasurer, for $9,800 and $3,240 highway-impt. bonds.
WAPAKONETA, Auglaize County, Ohio.—BOND
SALE.—On July 7
the two issues of 5% coup, refunding bonds, aggregating $4,150
(V. 96, p.
1723), were awarded to the First Nat. Bank of Wapakoneta for $4,165,
WARREN,
Warren
County,
Pa .—BOND
OFFERING.—Dispatches
state that proposals will be received until 12 m.
July 14 by A. W. Mumford, Chairman Finance Committee, for $52,000 4M % bonds.
WARREN COUNTY (P. O. Williamsport), Ind— BOND SALE.—
On July 8 the two issues of
4Y>% 10-year gravel-road-construction bonds,
aggregating $22,380 (V. 97, p. 70) , were awarded to the Williamsport State
Bank for $22,512 42—making the price 100.591.
There were no other
Denom. $470 and $649.
Int. M. & N.
bidders.
...
WARREN TOWNSHIP, Putnam County, Ind— BOND OFFERING.
—Proposals will be received until 2 p. m. July 28 by F. Masten, Twp. Trus¬
tee (P. O. Greencastle R. F. D. No. 2), for $1,380
school-bldg. bonds.
Denom. $230.
Date June 11913.
Int. J. & J.
Due $230 each six months
from July 15 1914 to Jan. 15 1917 incl.
A similar issue of bonds was offered
on July 1 (V. 96. p. 1789.)
:
WARROAD, Roseau County, Mihn.—BONDS NOT SOLD.—No bids
were received for the $26,000 water-works and
electric-light and $4,000
village-hall 20-yr. bonds offered on June 21.
WASHINGTON SCHOOL TOWNSHIP (P.
O. Reelsville), Putnam
County, Ind.—BONDS NOT SOLD.—No sale was made of the $1,000 5%
building bonds offered on July 5 (V. 96, p. 1789).
Blackbank County, Iowa— BOND SALE.—We are
by the City Clerk that the $94,697 5% bridge bonds recently
offered without success (V. 96, p. 1516) will be taken by contractor in full
WATERLOO,
advised
payment of work.
•
»•
&
WAUPACA, Waupaca County, Wis—BOND SALE.—On July 1 the
$3,500 5% sewer-impt. bonds offered on June 28 (V. 96, p. 1858) were
awarded to J. W. Grant at par.
Date Aug. 11913.
Int.
ann. on
Apr. 1.
WELLSVILLE, Columbiana County, Ohio— BONDS NOT SOLD.—
No bids were received for the five issues of 5% street-paving bonds, aggre¬
gating $4,647 90, offered on June 9 (V. 96, p. 1575).
WEST
BRANCH TOWNSHIP (P. O. Goessel), Marion County,
VOTED.—The question of issuing the $14,000 railroad
p. 1723), carried, reports state, at the election held July 1.
Kans.—BONDS
aid bonds
(V. 96,
WHITE RIVER LEVEE DISTRICT (P. O. Cotton
Monroe and Prairie
Plant), Woodruff
Counties, Axis..—BONDS NOT SOLD.—The Acting
Secretary advises us under date of July 7 that no sale has been made of
the $100,000 6% 20-year gold levee bonds offered on June 6.
Negotiations
being made for private sale.
WILBER, Saline County, Neb.—BOND OFFERING.—Proposals will
be received until July 16 for the $12,000 5% 5-20-year (opt.) light bonds
voted May 15 (V. 96, p. 1517).
Denom. $500,
Date June 2 1913.
Int.annually on June 2.
1 •
...
WILKES-BARRE CITY SCHOOL DISTRICT (P. O. Wilkes-Barre).
County, Pa.—BONDS NOT SOLD.—No sale was made on June 2
of the $100,000 4H % coup, bonds offered on that day (V. 96, p. 1380).
Luzerne
WILLIAMSPORT
SCHOOL DISTRICT
(P.
O.
Williamsport).
Lycoming County, Pa.—BOND SALE.—On June 30 the $250,000 4.2%
building bonds (V. 96, p. 1650) were awarded at par as follows:
$82,300
to the West Branch Nat. Bank, $82,300 to the Susquehanna Trust & Safe
Deposit Co., $82,400 to the Northern Central Trust Co., $2,000 to H. C.
Hotter and $1,000 to the Muncy Cemetery Co., all bidders from Williams¬
port.
WINDSOR LOCKS, Hartford County, Conn.—NOTE OFFERING.—
Proposals will be received until 10 a. m. July 16, it is stated, by J. D.
Outerson, Town Clerk and Treas., for $30,000 5% sewer notes. Int. semiann.
Due not to exceed 3 yrs.
WINNEBAGO
•
COUNTY
SOLD.—No award was made
(P.
on
O.
Oshkosh),
June 21
Wis.—BONDS
of the $30,000 hospital
NOT
bonds
offered on that day..
WINTER PARK, Orange County, Fla.—BOND OFFERING.—Pro¬
posals will be received by H. A. Ward, Chairman of Finance Committee,
for
.
TIPTON COUNTY (P.
Q. Covington), Tenn.—BONDS NOf'SftEl
was made of the
$50,000 5% 25-yr. coupon school-site-purchase and
building bonds offered on June 9 (V. 96, p. 1440.)
No sale
'
Certified check for 5% of bonds bid for, payable
City Treasurer, required.
Bonds to be. delivered and paid for within 10
days from time of award.
Purchaser to pay accrued interest.
are
June
1649),
were
inclusive.
Interest semi-annual.
to
Due.
Of the $500,000
No other offers
1
No. Main St. impt. bonds.
Denom. $2,050.
Date July 2
1913.
Due $2,050 yearly on July 1 from 1914 to 1918 incl.
No. Main St. storm-sewer bonds. Denom. $215. Date
July 1 1913. Due $215 yearly on July 1 from 1914 to 1918
.
N. Y.—BOND OFFERING—Pro¬
posals will be received until 1p.m. July 16 by M. E. Monahan, City Compt.
for the following 4M % reg. tax-free local impt. bonds:
$170,000 impt. bonds.
Denom. $500 or multiples thereof.
Due $17,000
yrly. on June 1 from 1914 to 1923 incl.
;
•,
17,000 sidewalk bonds.
Denom. to suit purchaser.
Due $3,400 yrly.
N. Y. C.
1
1932.
making the price 100.361.
SPUR, Dickens County, Tex.—BOND OFFERING.•—Proposals will be
received until July
recently voted
County, Ohio.—BOND OFFERING.-^Pro¬
m. July 15 by H. M.
Crow, City Auditor,
$48,000 4M % sewage-disposal bonds.
Denom.
$1,000.
Date
June
1913.
Due $10,000 June 1 1930 and $19,000 on June
1,075
SPRINGFIELD, Clark County, Ohio.—BOND OFFERING.—Pro¬
posals (sealed or verbal) will be received until 8 p. m. Aug. 12 by F. X.
Lothschuetz, City Auditor, for $67,095 59 (4M% coupon impt. (city's
Champaign
posals will be received until 12
for the following bonds:
SPRINGFIELD, Hampden County, Mass—TEMPORARY LOAN.—
A loan of $350,000 due Nov. 11 1913 has been negotiated, it is reported,
with Morgan & Bartlett of N. Y. at 4.99% discount and $1 premium.
N. J.—
BONDS NOT SOLD.—It is stated that the
$43,500 town-hall-constr. and
1789).
p.
GROVE, Whiteside County, 111.—BONDS DEFEATED.—
Reports state that the proposition to issue $2,500
road-impt. bonds was
defeated at a recent election by a vote of 30 "for" to 47
"against."
on
SPENCER
IN
July 2 $53,600 of the $105,000 5% lM-yr. (av.) flood-emergen¬
bonds offered on that day (V. 96, p. 1789) were awarded as follows:
$52,500 to the Union Banking Co. of Marysville at par and int.
300 to Henry Shipley for $301 (100.333) and int.
cy
5% required.
share)
xcvii.
TOLEDO, Ohio.—BONDS A WARDED IN PART.—Of the three issues
of coup. Sinking Fund Trustees bonds,
aggregating $135,000, offered on
July 8 (V. 96, p. 1722), the $50,000 4M% boulevard bonds were awarded
on that day to
Mayer, Deppe & Walter of Cincinnati at 101.53 and int.
Stacy & Braun of Toledo bid $50,260 for the boulevard bonds.
TRAVERSE CITY. Grand Traverse County, Mich.—BONDS WITH-
July 26
on
Int. J. & J. at office of
[Vol.
cess
the $10,000
on
7% electric-light-installation bonds offered without
June 20 (V. 96, p. 1858).
WOOD COUNTY (P.
suc¬
O. Bowling Green), Ohio.—BONDS NOT TO
BE RE-OFFERED AT PRESENT.—The County Auditor advises us that the
$100,090 5% coupon road-impt. bonds offered without success oh June 2
(V. 96, p. 1650) will not be re-offered for
some
time.
CALGARY SCHOOL DISTRICT NO.
19, Alta.—DEBENTURE
OFFERING.—Proposals will be received until 4 p. m. July 15 by A. T
for $750,000 5% school debentures.
Due in 40 ann.
July 7 the $30,000 6% coupon detention-home-constr1790) were awarded, to Sidney Spitzer & Oo. of Toledo at
BOND SALE.—On
bonds (V. 96. p.
101.88 and interest.
Jewett, Secy-Treas.,
installments.
Other bids were:
'
Premium.
Premium.
Davies-Bertram
Co., Cin—$485
Weil, Roth & Co., Cin
Mayer, Deppe & Walter, Cin.
Seasongood & Mayer, Cin—
Hayden, Miller & Co. . Cleve.
Field, Longstreth & Co., Cin.
Stacy & Braun, Toledo
WYKOFF SCHOOL
315
459
456
335
528
334
00
00
00
00
00
00
00
Breed, Elliott & Harrison,Cin $99 00
First Nat. Bank, Cleveland... 434 60
Secur. S. B. & Tr. Co., Tol.- 378 75
Hoehler & Cummings, Tol— 307 00
us
Provident Sav. Bank & Trust
Co., Cincinnati
Spitzer. Rorick & Co.,
111 00
Tol___ 159 00
DISTRICT (P. O. Wykoff), Fillmore
County,
VOTED.—A favorable vote was cast at the recent election
issue the $18,000 bldg. bonds (V. 96, p. 1650).
It is
expected that these bonds will be purchased by the State.
1
Minn.—BONDS
on
the proposition to
WYTHE VILLE, Wythe County, Va.—BONDS VOTED.—A favorable
vote was cast at the election held June 24 on the proposition to issue the
reservoir-impt. bonds (V. 96, p.
$5,000 6% 2-6-year (serial)
1517).
XENIA,
Greene County, Ohio.—BOND SALE.—On July 8 the
$12,000 5% 20-year coupon fire-department building bonds (V. 96, p. 1859)
were awarded to A. E. Aub & Co. of Cincinnati at 101.925 and interest.
Other bids were:
Seasongood & Mayer, Cin—$21,143
Breed, Elliott & Harrison,
Cincinnati
$21,210 00 Weil, Roth & Co., Cincinnati 21,125
Davies-Bertram Co., Cin. 21,183 00 Prov. S. B. & Tr. Co., Cin__ 21,123
21,116
Western-German Bk., Cin 21,153 93 Stacy & Braun, Toledo
Tex.—BOND ELECTION.—AccordX V Tf
YORKTOWN, l/o W JL1/U vv UuUj i * v-»»
|
Dewitt County,
- » ■- w * *
«
ing to reports, an election will be held Aug. 28 to submit to a vote
M»
135
CHRONICLE
THE
1913.]
July 12
vmu,
proposition to issue $8,000
the
city-hall-construction bonds.
ZANESVILLE, Muskingum County, Ohio.—BONDS NOT SOLD.—
No bids were received for the $2,000 4M% 10-year Warwick and Blandy
Aves. grading (city's portion) bonds offered on July 7 (V. 96, p. 1790).
We
are advised that these bonds will probably be offered at private sale.
Canada, its Provinces
and Municipalities*
.
CHICOUTIMI, Que.—DEBENTURE SALE.—'The Town Clerk advises
under date of July 2 that the La Banque Nationale was awarded $450,000
5% debentures.
kite..—DEBENTURE OFFERING.—This place is offering
6% 10-year water-works debentures (V. 96, p. 1651).
Int. ann. on July 31. M. A. Murphy is Sec.-Treas.
DE LA RIVIERE ST. PIERRE (P. 0. Verdun), Que.—DEBEN¬
TURES NOT SOLD.—No sale was made of the $200,000
30-year
debentures offered on June 10 (V. 96, p. 1651).
ESTEVAN, Sask.—DEBENTURE ELECTION.—The question of issu¬
COWLEY,
for sale the $8,000
Date July 31 1913.
ing $8,000
vote on
electric-light-eystem-constr. debentures will be
July 15, it is reported.
submitted to a
Ont.—RESULT OF DEBENTURE ELECTION.—Reports state
that the proposition to issue $70,000 water-works-ext. debentures carried*
while the question of issuing $15,000 gymnasium-construction debentures
was defeated, at the election held July 5.
GALT,
kite..—DEBENTURE ELECTION.—The ratepayers
GLEICHEN,
vote on
the
will
water-works debentures, it is
question of issuing $5,000 6%
T&^D^EM1NTURES
VOTED.—A by-law providing for the issuance of $3,600
the debt on water-works and machinery carried, it is
election.
HALIFAX, N. S.—DEBENTURE OFFERING.-—Further details are at
hand relative to the offering on July 28 of the $60,000 market-buildingconstruction,
$152,500 sewer-construction, $7,250 Cunard St. impt,,
$50 000 water-system-extension and $30,000 permanent sidewalk-construc¬
debentures to pay
stated, at a recent
tion 4H% coupon
72).
debentures (V. 97, p.
Proposals for these deben¬
until 12 m. on that day by W. L. Brown, City Treas.
$1,000 or inscribed stock certificates of multiples of $100.
Interest
semi-annual.
Due July 1 1945.
tures
will be received
Denom.
HALTON COUNTY (P. O. Milton), Ont.—DEBENTURES PRO¬
POSED.—According to reports,this county is considering the issuance of
$40,000 bridge-completion debentures.
JONESVILLE SCHOOL DISTRICT NO. 2852 (P. O. Demaine), Sask.
—DEBENTURE SALE.—An issue of $1,400
% building and equipment
awarded on May 5 to the. Western School Supply Co. of
100.60.
Date Nov. 1 1912. Int. ann. in Nov. DueMay51923,
BERLIN, Ont.—DEBENTURES AUTHORIZED.—'The City Council,
at a recent meeting, passed by-laws providing for the issuance of debentures
aggregating $202,316, reports state.
debentures was
Alta.—DEBENTURE OFFERING .—This place Is offering
well, cemetery and street debentures recently auth¬
orized (V. 96, p. 1651).
E. S. Field is Sec.-Treas.
BOWMANVILLE, Ont .—DEBENTURE OFFERING.—Proposals will
be received until July 25 by J. S. Moorcraft, Town Treas., for $100,000 5%
water-works and sewerage debentures.
Due in 30 annual installments of
disposed of locally an issue of $17,500 school-building debentures.
LA SALLE, Que.—DEBENTURES NOT SOLD.—No sale was made of
the $80,000 5 % 40-yr. municipal-impt. debentures offered on June 18.
(V. 96. p. 1725.)
LONDON, Ont .—DEBENTURES AWARDED IN PART.—The City
Treasurer advises us under date of July 9 that of the 14 issues of coup.
debentures, aggregating $764,500, offered June 2 (V. 96, p. 1791), $200,000'
4% 20-year debentures have been disposed of at private sale.
BLACKIE,
for sale the $2,500 6%
principal and interest.
BRANDON, Man.—DEBENTURE
SALE.—Council has decided, it is
said, to accept the offer of 88 submitted through theTmperial Bank for the
8 issues of 5% coupon debentures, aggregating $214,926 93, offered on
June 2. (V. 96, p. 1517.)
BURK'S
Regina at
KASLO, B.
LUMSDEN,
made of the $8,000 5H %
extension debentures offered on
NEW
local-impt.
was made
electric-light
NEW
Permanent Road Improvement
Bonds
will be received by a Commit¬
appointed by the County Court of Marion
County, W. Va., until SATURDAY, AUGUST 2,
AT 2 O'CLOCK P. M., for the whole or any
part of Three Hundred Thousand Dollars ($300,000) Permanent Road Improvement Bonds duly
authorized by the District of Mannington in said
Marion
County.
The
bonds . will
be dated
September 1, 1913, the denomination and num¬
ber of said bonds being ten (10) of One Hundred
Dollars ($100) each, two (2) of Five Hundred
Dollars
($500) each, and Two Hundred and
Ninety-eight (298) of One Thousand ($1,000)
Dollars each, a total of Three Hundred and Ten
(310) bonds.
Said bonds are payable thirty (30)
years from date of issue, and redeemable in 20
tee
?rears, said bonds to draw annum, payablerate of
ive per centum (5%) per interest at the
annu¬
ally at the office of the County Court in the City
of Fairmont, Marion County, W. Va., and said
interest to be evidenced by coupons attached to
the
bonds.
Marion County is author¬
include in its annual levy for road
The County Court of
ized by law to
purposes the amount required for interest on the
bonds, together with an additional fund as a
sinking fund sufficient to pay off said bonds at
the expiration of thirty (30) years.
The total
valuation of taxable property in Mannington Dis¬
trict
1912
in
was
Fourteen
Million
Sixty-seven
Thousand and Thirty-seven Dollars ($14,067,037).
The District has no bonded indebtedness and is
authorized by law to borrow up to Five Pot Cen¬
tum
(5%) of its total valuation.
addressed to John F. Phillips,
County Court of Marion County,
Fairmont, West Virginia, endorsed "Bid for Per¬
manent Improvement Road Bonds in Mannington
District," and accompanied by certified check
payable to Calvin D. Conaway, Sheriff of Marion
County, West Virginia, for a sum equal to five
dot centum of the amount of the bid.
No bids
for less than par will be considered.
The right is
reserved to reject any and all bids.
Bids
Clerk
must
be
the
of
Further
had upon
information as to this issue may be
application to either of the undersigned
Committee.
J. R. TIMMS,
Cashier Bank of Mannington, Manningtown, W. Va.
,
N. Y., Henry County, Virginia,
REFUNDING BONDS
m% BONDS
Bids will be received by the
undersigned at the
Chemung County Treasurer's Office, in the city
of Elmira, N. Y., up ta JULY 29TH, 1913, at
ten o'clock in the forenoon of that day, at which
time said bids will be opened for bonds of the
County of Chemung, New York, to be issued
pursuant to Sections 12 and 14 of the County
Law, and the resolutions of the Board of Super¬
visors of the County of Chemung, duly adopted
at a session of said Board held on the 7th day of
July, 1913.
Such bonds to be dated August 1st,
1913, and to bear interest at the rate of four and
one-half (4 H) per cent per annum and to be in
the following amounts, and to mature on the
following dates:
Twenty (20) bonds of One thousand ($1,000)
dollars each, two (2) of such bonds to mature
February 1st, 1915;
two (2) of such bonds to
mature February 1st, 1916; two (2) of such bonds
to mature February 1st, 1917;
two (2) of such
bonds to mature February 1st, 1918;
two (2) of
such bonds to mature February 1st, 1919; two (2)
of such bonds to mature February
1st, 1920;
of such bonds to mature February 1st,
(2) of such bonds to mature Febru¬
ary 1st, 1922;
two (2) of such bonds to mature
February 1st, 1923; and two (2) of such bonds to
mature February 1st, 1924;
and each of such
bonds to be coupon interest-bearing bonds, said
interest to be paid semi-annually on the first day
of August and first day of February of each and
every year until such bonds mature.
Each bid shall be sealed and shall be accom¬
two
for all or any part thereof
Henry County Refunding bonds until
Bids will be received
for $60,000
JULY 15TH, 1913, NOON.
These will be coupon bonds
Cashier First
W. Va.
Nat.
Bank, Mannington.
Mannington,
A
BRAUN
Investment Bonds
•
Martinsville, Va.,
Agent
Henry
for
County.
Adrian H. Mullcr & Son
two
panied by a certified check for ten per cent (10%)
of the bid, as security for the fulfilling or such
bid in case it should be accepted.
Bids will be received for any or all of such
bonds, and the right to reject any or all bids is
hereby reserved.
Dated Elmira, N. Y.,
July 8th, 1913.
HENRY
L.
AUCTIONEERS
Regular Weekly Sales
'
"
OF,
EVERY WEDNESDAY
Office, No. 55
DEISTER,
WILLIAM STREET
Corner Pine Street.
MFG. CO.
AMERICAN
Mountain
,
STOCKS and BONDS
Chemung County Treasurer.
States
Telephone
MANILA, SISAL AND JUTE
CORDAGE
COLORADO*
NEW MEXICO, ARIZONA. UTAH*
WYOMING, IDAHO AND MONTANA
SYSTEM
IN
7% STOCK
STACY
•
(2)
1921:
BELL
W. Va.
,
and will date from
1st, 1913, and will mature August 1st,*
1946.
WU1 be issued in denominations $100 to
$1,000.
They are for the refunding of railroad
bonds by authority of the Virginia Code, Sec.8346.
They will bear interest at 5%, payable semi-annu¬
ally at the Treasurer's office, Martinsville, Va.
The successful bidder must pay for said bonds on
or before August 1st, 1913.
No money required
to be deposited with bids.
The right Is reserved
to reject any and all bids.
This June 30th, 1913.
JOSEPH R. TAYLOR,
August
GUY S. FURBEE,
PHILIP H. PITZER,
Cashier Exchange Bank,
LOANS
$60,000
$20,000
(Marion County, West Va.,)
be
6%
MERRITT, B. C.—DEBENTURES NOT SOLD.—-No award
June 30 of the $45,000 30-yr. water-works, $25,000 30-yr.
on
DISTRICT0F MANNINGTON, CHEMUNG COUNTY,
Sealed proposals
Sask.—DEBENTURE OFFERING.—Proposals will
July 21 by B. Morton, Secy-Treas., for $12,000
debentures.
LOANS
$300,000
this city has
received until 3 p. m.
Ont .—DEBENTURES NOT SOLD.—No sale was
20-installment filtration-plant and water-worksJune 16 (V. 96, p. 1724).
FALLS,
C.—DEBENTURE SALE.—Reports state that
No
Sales
Office:
Noble & West Sts.,
Brooklyn, N. Y.
Bonds—No Preferred Shares
EDWIN
BOETTCHER, PORTER
NEW
JERSEY
& COMPANY
No better State
DENVER
Tel*. T51 and
R. CASE
SECURITIES
No better Securfttea
15 EXCHANGE PLACE
Toled*
Cinclnnat
T52
JERSEY CITY
136
THE
and
$10,000 10-yr. sidewalk
6%
(V. 96, p. 1652.)
serial debentures offered
CHRONICLE
that
on
day.
OXFORD COUNTY (P. O.
us
NO. 492 (P. O. Mirror), Alta.—
advised by the Dist. Secy., under date of
July 2, that this district has
disposed of an issue of $15,000 bldg. debentures.
POINT
Ont.—NO ACTION YET TAKEN.—The
Municipa
looking towards
May 30 (V. 96, p.
PREECEVILLE,
7% debentures.
RIDGETOWN,
ROULEAU,
OFFERING .—Proposals
will
be
Aug. 28 by the Chairman Bd. of Control for the
of 43^ % 20-yr.
coupon debentures dated July 1 1912:
$142.159 89 city's share; (2)
$145,150 23; (3) $860 43; (4) $17,545 21
and (5) 144,590 64
local-impt. debentures, and ior the following debentures
dated July 1 1913: $85,000
30-yr. water-works; $12,000 20-yr. Lansdowne
Park, $150,000 30-yr. electric, $2,400
20-yr. Keefer St. drain, $78,000,
35,000, $4,000 and $8,500 30-yr. water-works;
$15,000 20-yr. artesianwells, $10,000 20-yr. Preston St.
sidewalks, $10,000 20-yr. Bacteriological
laboratory-equip., $10,000 20-yr. small-pox hospital-equip., $7,500
20-yr.
Kent St. sewer-ext. and
$51,000 40-yr. park debentures;
Int J. & J.
Cert, check for $5,000
required.
Accrued interest from 1st July 1913
must be paid in additon to the
prices tendered. All coupons previous to
those payable Jan. 1st 1914 will
be cut off the bonds before
delivery.. The
bonds will be in any
denominations required.
The successful tenderer
will also be given the
option of having the principal and interest of the bonds
made payable in
currency at the head office of the Bank of Ottawa, in
Ottawa, or at the National Bank of Commerce in New
York; or in Sterling
at Parr s Bank,
Ltd., London, England, but in the event of his
exercising
one of these
options, delivery of the bonds will still be made at the Bank of
Ottawa, Ottawa, and he must pay all
expenses of forwarding them to Lon¬
don or New York,
including insurance, stamp duties, &c. The purchaser
must exercise the
options as to place of payment of
principal and interest
and the denominations of the
bonds not later than Oct. 1st 1913.
In
default of such notification the bonds will
be made in $1,000 denominations,
with principal and interest
payable at Ottawa, and will be delivered at
received until 3 p. m.
RUDY (Rural Municipality No.
284, P. O. Glenside), Sask.—
DEBENTURE SALE.—The Sec.-Treas. advises
us, under date of July 5,
that the $10,000
6% 20-installment road and bridge-impt.debentures
offered on June 19 (V. 96,
p. 1578) have been awarded to H. O'Hara &
following five issues
(1)
1913.
Bids must be made
on
of
r.LhON^/Que.—DEBENTURESNOT
Co.
Winnipeg at 95.90.
RUSSELL,
Man.—DEBENTURE OFFERING.—Proposals will
ceived until 8
p. m.
STEWART, Alt*.—DEBENTURES DEFEATED.—A by-law
providing
for the issuance of $40,000 road and
bridge debentures
stated, at a recent election.
the $5,471 77
(V.
96,
sewer
and
1653.)
p.
WINDSOR, Ont—DEBENTURE SALE.—Reports state
city has disposed of $123,000 5% local impt. debentures.
NEW
$400,000
$353,000
Notice of Sale of
Sealed proposals will be received
by a Committee
appointed by the
County Court of
Marion
County, W. Va., until SATURDAY, JULY 19
AT 2 o'clock P. M., for
the whole or any
part of Four Hundred Thousand Dollars
($400,000) Permanent Road Improvement Bonds
duly
authorized by the District of Fairmont in
said
Marion
County.
The
bonds
will
be
dated
September 1, 1913, the denomination and number
of said bonds
being ten (10) of One Hundred
Dollars ($100) each, two
(2) of Five Hundred
Dollars ($500) each, and
Three Hundred and
Ninety-eight (398) of One Thousand
($1,000)
each, a total of Four Hundred and
Ten (410)
bonds.
Said bonds are payable
thirty (30) years
from date of issue, and
redeemable in 20 years,
said
bonds
to
draw interest
at
the rate of
five
per
centum
(5%)
per
annum,
payable
annually at the office of the County Court in
the
City of Fairmont, Marion
County, W. Va., and
said interest to be
evidenced by coupons attached
to the bonds.
,
LOANS*
$38,000
PUTNAM COUNTY,
UTAH,
School
Bonds
BONDS
Notice is hereby given that sealed bids will be
received by the Board of Education of Salt Lake
City, Utah, for the purchase of ""
Hundred
,
and
Fifty-five,
part thereoi,
or any
thatIthis
NEW LOANS.
SALT LAKE CITY,
Permanent Road Improvement Bonds
offering
$17,325 24 water-works-system debentures.
WATERLOO, Ontl—DEBENTURES TO BE OFFERED~*SH0RTLY.—
The Town Clerk advises us under date of
July 3 that the $30,000 debentures
for laying double-tracks recently voted
(V.S96, p. 1653) will be„offered for
sale towards the latter part of this month.
S0LD7— The Town Treas.
FAIRMONT,
defeated, it is
*
TOUCHWOOD (Rural Municipality No.
248), P. O. Punnichy),
Sask .—DESCRIPTION OF DEBENTURES.DESCRIPTION
DEBENTURES.—The $5,000 6% permanent
impt. debentures awarded on May 15 to Brent, Noxon & Co. of
Toronto
at 95.06 (V. 96, p. 1792) bear date of
May 1 1913 and are payable in 20
annual installments.
Interest annually on Dec. 1.
blank forms furnished
(Marion County, West Va.,)«
was
SUDBURY, Ont.—DEBENTURE OFFERING.—This place is
for sale
NEW LOANS
OF
re¬
SHERWOOD (Rural Municipality No.
159, P. O. Regina), Sask.—
DEBENTURES AWARDED IN PART.—On June
28 $10,000 of an issue
of $15,000 6% 20-installment
permanent-impt. debentures (V. 96, p. 1653)v
were awarded to H. O'Hara &
Co. of Winnipeg at 96.06.
Date July 15
1913.
Interest annually in December.
"
advises us under date of
July 3 that no sale has yet beenmadeof the $300,000 4M % 42-yr.
local-impt. debentures offered onJJune 11 (V. 96, p. 1382.)
DISTRICT
be
July 21 by A. B. Callin, Secy .-Treas., for the $18,000
6% electric-light-installation bonds voted
May 12 (Y. 96, p. 1653).
Date
June 16 1913.
Due in 20 ann. installments of
principal and interest.
No
debenture or floating debt.
Assess, val. $651,875.
by above Chairman.
Proposals will also be received until 3
p. m. Aug. 28 by the Chairman
Boara o- Control for
$236,000 4}4% 30-yr. school debentures.
Denom.
$1,000.
Date July 1 1913.
Int. J. & J.
Cert, check for $1,000 required.
Purchaser to pay accrued interest.
Debentures to be delivered any time
after Sept. 6, but not later than
Nov.^1. Bids must be made on blank
forms furnishedfby
above-Chairman^
■TO
S&sk.-r-DEBENTURE ELECTION.—The
burgesses will
on a by-law
providing for the issuing of $5,000 for road
improvements
July 22, reports state.
vote
on
Ont.—DEBENTURE
1
will
15-yr. and $1,000 10-yr.
Ont—DEBENTURES NOT SOLD—We are advised
by the Town Treasurer under date of
July 9 that no sale has yet been made
5% 15-installment debentures,
aggregating $10,200,
offered on June 3 (V. 96,
p. 1578).
.
Nov.
OFFERING.—Proposals
for $1,600
of the twoi issues of
in June.
OAKVILLE,
on
state that
at
Ont.—DEBENTURE OFFERING.—According to reports
this place is
offering for sale $20,000 5% electric-light and water-works-ext.
bonds,
Ottawa
1652)
QUEEN ROSE SCHOOL DISTRICT NO.
1374, Sask.—DEBENTURE
SALE.—The Alberta School
Supply Co. of Edmonton has been awarded
par $1,500 7% building debentures.
.
OTTAWA,
Man.—DEBENTURE
be received
by J. Fraser, Secy .-Treas.,
Aug. 1 1933.,
OAKDALE (Rural
Municipality No. 320 P. O. Ednaburg), Sask.—
DEBENTURE SALE.—An issue of
$17,500 5M % highway-impt. debentures
has been purchased
by the City Treas. of Winnipeg for $16,482 47
(94.185).
Date June
ann.
p.
by-laws providing for the issuance of
debentures aggregating
$783,718 carried at a recent election.
OAK BLUFF SCHOOL
DISTRICT NO
600, Man.—DEBENTURE
OFFERING.—Proposals will be received for $10,000 5H% school debentures
(V. 96, p. 1791).
Auth. election held June 26
Due $250 yearly on Aug. 1
from 1914 to 1932 incl.
and $5,250 on
Int.
GREY, B. Ci—DEBENTURES VOTED.—Reports
seventeen
us that no action has
yet been taken
the issuance °* tlle
$5,000 5% 20-yr. debentures voted
30 1913.,
debentures recently authorized (V. 96,
will not be issued
this year.
Clerk & Treas advises
1652.)
xcvii.
Woodstock), Ont.—DEBENTURES NOT
TO BE ISSUED
THIS YEAR.—Under date of
July 4 the Co. Clerk advises
that the $30,000 road
MIRROR SCHOOL DISTRICT
DEBENTURE SALE.—We are
NEWMARKET,
[Vol.
or
and one-
N. Y.f
*
Sealed bids will be received by the
undersigned
july 21, 1913, for
up to twelve o'clock noon
the purchase of $38,000
Highway Improvement
Bonds, to be issued by the County of
Putnam,
York.
half per cent Gold Bonds of Salt Laao
City School
New
District, Salt Lake County, Utah, of the denom¬
Bonds will be payable $4,000 on the
first day
Of August in each or the years 1915 and
1916, and
$2,000 on the first day of August in each
year
from 1917 to 1931, both
inclusive, and will bear
interest at four and three-quarters
per cent per
annum, payable semi-annually on the first
days
of February and August.
•
Principal and interest payable in New York
exchange at the office of the County
ination of $1,000 each.
delivered and paid for
Bonds dated and to
be
August 1, 1913, and bids
will also be received for said bonds to be
paid for
and
delivered,
follows:
as
155,
or any
100,
100,
or any part
part thereof, August 1, 1913
thereof, August 1, 1913
part thereof, August 1, 1913
payable from date of bond, semi
annually, in Salt Lake City or New York City,
in
accordance with interest coupons attached.
All bids to be
accompanied by certified checks
"
or any
Interest
of five per cent of the amount of the bid sub¬
payable to the order of the Board of
Education of Salt Lake City, Utah, as a forfeit in
mitted,
case
his
the bidder fails to
bid,
checks
be
to
comply with the terms of
returned
or
at
All
First
bids
National
Treasurer,
Bank,
Brewster,
New
must
be accompanied by a certified
check for two per cent of the total amount
issued.
The right is reserved to reject
any and all bids.
Bonds will be dated August 1, 1913.
Dated, Brewster, N. Y., July 9, 1913.
EDWARD D.
unsuccessful
to
the
York.
STANNARD,
County Treasurer of Putnam County.
bidders.
All bids to be in the hands of the Clerk
of said Board by twelve
(12) o'clock, noon,
,
,
The County Court of.
Marion County Is author¬
ized by law to Include in its annual
levy for road
purposes the amount required for
interest on the
bonds, together with an additional fund
as
a
sinking fund sufficient to pay off said bonds
at
the expiration of thirty
(30) years.
The total
valuation of taxable
property in Fairmont Dis¬
trict in 1912 was Eighteen Million
Four Hundred
and
Forty-nine Thousand Two Hundred and
Thirty-one Dollars ($18,449,231).
The District
has no bonded indebtedness
and is authorized
by law to borrow up to Five Per Centum
(5%)
of its total valuation.
Bids must be addressed
to John F. Phillies,
Clerk of the County Court of
Marion County,
Fairmont, West Virginia, endorsed "Bid for
Permanent
mont
Improvement Road Bonds
District, ' and accompanied by
in
JULV 14,
SALT
By
J.
LAKE CITY,
HAMMOND, President.
T.
By L. P. JUDD, Clerk.
$80,000
CITY
Willaman
&
MUNICIPAL BONDS
Legal for larlsgt Banks,
Postal Savings aad Trust Fuads.
■
to
is
a
Court,
Fairmont, West Virginia.
Secretary.
SEND FOR LIST.
29 South La Sallo
CHICAGO
St.,
MUNICIPAL AND RAILROAD
BONDS
BLODGET
&
60
WM.
KRAFT
lawyer,
Specialiizng
Municipal
and
1037-9 FIRST
SEASONGOOD &
STREET,
BOSTON
Corporation Bondi
NATIONAL BANK BLDG.,
CINCINNATI
30 PINE STREET, NEW YORK
STATE, CITY* RAILROAD BONDS
GEO.
MAYER
Ing&lls Building
in Examination of
CHICAGO, ILL,
STATE
LIST ON APPLICATION
CO,
BONDS
F.
hereby given that under and pur¬
resolution and order of the Board
of
School Directors of the City of
Hazleton, Pa.,
adopted June 25, 1913, that up to and
Including
the 22nd day of
july, 1913, at 8 p. m..
said Board will receive bids for the
purchase or
$80,000 4 H per cent School Bonds.
For further information
apply to
D. T. I
EVANS, -
upon application to
JOHN
F. PHILLIPS
Clerk of the County
HAZLETON, PA.,
SCHOOL BONDS
Notice
Mosser
OF
■
suant
Bolger,
Fair¬
certified
check payable to Calvin D.
Conaway, Sheriff of
Marion County .West
Virginia, for a sum equal to
five per centum of the
amount of the bid.
No
bids for less than
par will be considered.
The
right is reserved to reject any and all bids.
Further information as to this issue
may be had
1913,
■
The said Board of Education reserves the f
right
reject any and all bids.
No contingent bid
shall be received.
BOARD OF EDUCATION OF
to
B.
EDWARDS
H0DENPYL, HARDY
14
Wall St., New York
Tribune Building, NBW YORK. N. Y.
FOR SALE—Timber, CeaL Iren. Ranch and
ether nrepertieo.
Negotiations,
Investigation**, Ssttljunentc,
Puiabuses of P-oeecty. I ^wmsthai,
& CO;
Railway, Street Ry.,Gas & He". Light
•
SECURITIES
@FedFRASER