Full text of Commercial and Financial Chronicle : July 14, 1906, Vol. 83, No. 2142

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Bank and Quotation Section

State and City Section (sem
i-AnnuaUr)

(Monthly)

Railway and Industrial Section (Quarterly)

Street Railw ay Section

(T % 2 5 M
1
>):

Entered aocording to A t o f Congress. In the year 1906, by W

i l l i a m B. D a n a C o m p a n y in the office of Librarian of Congress,Washington, D. CL
A weekly newspaper entered at Poet Office, New York, as second-class matter—W u x k a m B. DANA Co m p a n y , Publishers, 7Q4 Pine St., N . T .

SATURDAY, JULY 14, 1906.

VOL. 83.

NO. 2142.
W eek ending J u ly 7.

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1906.

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i OKK.

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
§2,720,266,017, against $2,891,094,335 last week and
$2,700,544,646 the corresponding week last year.
Clearings— Returns by Telegraph.
Week ending July 14.

1906.

New Y o r k __ __ ____________________
Boston
_
__ ________ ________
Philadelphia __ _________ __________
Baltimore. -------------------------------------Chicago____________________________
St. Louis____________________________________ New Orleans______ _______________

SI .360,115,169
125,711.014
122,598,672
25,505,897
176.052,836
48,920,101
13,772.348

$1,4 25,444,402
125.675,114
108,369,526
21,768,398
163,910,996
46,866,137
17,111,800

— 4.6
4-1.6
4-13 .1
4-17.2
4-7.4
4 -4 .4
— 19.5

Seven cities, 5 days---------- ----------Other cities, 5 days__________________

S I , 874,626,037
349.471,211

81,909,146,373
334,897,64 9

— 1.8
4 -4.4

Total all cities, 6 days_____________
All cities, 1 day ____ ______________

§2,224.36 7,248
497,898,769

$2,244,044,02 2
456,500,624

— 0.9
4-8 .6

Total all cities for week____________

$2,720,266,017

S 2 , 700,544,646

4-0 7

P er

1

1905.

Cent.

The full details for the week covered by the above will be
given next Saturday. We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur­
day noon, July 7, and the results for the corresponding
week in 1905, 1904 and 1903 are also given. Contrasted
with the week of 1905 the total for the whole country shows
a gain of 9.9%. Outside of New York the increase over
1905 is 9.3% .
Week ending July 7.
1906.

1905.

In c. or
D u .

1904.

1903.

S
S
1 .8 7 2 ,4 2 0 .1 5 0 1 ,6 9 9 .6 8 9 ,1 4 0
1 2 6 ,8 0 3 ,4 7 3
1 4 3 ,3 1 1 .3 7 6
4 9 ,6 6 2 .1 2 1
4 8 ,8 5 1 ,5 0 9
2 9 ,0 0 9 .8 9 5
2 4 .7 8 5 ,7 5 9
8 ,4 0 8 ,4 2 4
6 .9 1 4 ,9 3 1
5 ,2 3 5 ,1 4 2
6 .4 8 6 ,7 8 4
5 ,0 3 7 ,4 0 2
4 ,5 7 7 ,0 9 2
5 ,6 8 6 ,0 9 5
4 ,4 9 5 .6 4 6
2 .5 5 6 .3 5 2
1 .8 1 6 .4 5 8
2 ,3 6 9 ,0 6 4
1 ,9 2 1 .3 1 6
1 .5 4 1 .5 5 8
1 ,2 4 5 .4 6 0
1 ,2 8 9 ,3 7 7
1 ,1 9 1 .0 0 4
1 ,0 9 7 .2 8 0
1 .0 5 7 ,6 5 7
1 ,0 1 4 ,2 1 7
8 5 2 ,4 7 0
6 4 1 ,1 6 1
5 4 8 ,4 4 8
6 8 5 ,2 1 7
4 7 5 ,1 7 6
4 9 1 ,2 9 6
4 7 7 ,4 1 2
5 0 2 ,0 0 0
4 7 7 .0 0 0
2 3 0 ,0 0 0
2 2 4 .5 1 0

$
%
$
+ 1 0 .2 1 ,0 7 5 ,4 3 7 ,2 5 6 1 ,3 1 1 .0 9 2 ,9 8 5
+ 1 3 .0
9 0 ,5 0 2 ,6 1 7
1 2 1 ,5 9 9 ,0 1 1
+ 1 .7
3 8 ,3 3 4 ,1 2 0
4 7 ,4 2 3 ,4 3 7
+ 1 7 .0
1 9 .9 2 2 .2 6 6
2 6 ,0 0 9 .5 7 8
6 .2 8 1 ,6 3 5
5 .9 1 2 ,8 5 0
+ 2 1 .6
+ 2 3 .9
4 ,2 2 3 ,7 7 3
4 ,6 2 1 ,1 4 0
4 ,0 4 8 ,6 8 2
+ 1 0 .6
3 , 9 7 7 ,9 2 9
3 ,0 0 3 .5 4 5
+ 2 6 .5
2 , 7 4 4 .2 2 2
+ 4 0 .7
1 .6 4 9 .8 1 3
1 .7 2 5 ,7 5 6
+ 2 3 .3
1 ,5 6 5 .2 0 4
1 ,5 9 9 ,3 4 6
+ 2 3 .8
1 021 8 6 5
+ 8 .2
9 6 2 ,1 4 0
1 ,3 5 3 .7 3 5
+ 3 .7
1 ,0 0 2 ,6 1 5
1 ,2 4 3 ,1 1 9
+ 1 9 .0
7 1 9 ,7 8 3
8 4 7 ,3 0 8
4 0 1 ,4 7 7
+ 1 7 .0
5 1 9 ,7 0 9
+ 4 4 .2
5 5 8 .0 4 3
5 2 9 .1 3 7
+ 2 .9
5 2 6 ,0 1 2
7 2 1 ,1 2 0
— 5 .0
4 3 6 .2 0 0
4 1 6 ,7 0 0
+ 2 .4
2 2 7 ,5 1 3
2 6 1 ,3 3 3

T o t a l M i d d l e . _ 2 , 1 3 2 ,4 1 4 ,7 6 9 1 ,9 3 1 ,6 6 4 ,6 0 3

+ 1 0 .4 1 ,2 5 0 .7 1 3 ,5 5 9 1 .5 3 5 .1 9 8 ,4 0 7

N e w Y o r k _______
P h i l a d e l p h i a ____
P i t t s b u r g h _______
B a l t i m o r e _______
B u f f a l o ____________
W a s h i n g t o n _____
A l b a n y . ____ ____
R o c h e s t e r _______
S c r a n t o n _________
S y r a c u s e .................
R e a d i n g _________
W i l m i n g t o n ______
W M L kes-B arre . . _
W h e e lin g ..............
E r i e ...........................
( - r e e n s b u r g ______
C h e s t e r __________
B i n g h a m t o n _____
F r a n k l i n _________

1905.

In c. or
Du.

$

1904.

1903.

S

%
$
Boston
. ____
154,235,956 ; 156,738,796 — 16.C
116,353,921;
140,619.545
P rovidence _ _ _
7,778,300
6,950,700 + 11.9
5,159.800
6,652,000
H a r t fo r d _______
4,523,073
3,882,339 + 16.5
3,218,872
3,432,312
New H aven _____
3,004,885
2,573,948 + 16.7
2,306,751
3',233,463
Springfield______
2,176,206
2,313,085
— 5.9
1,544,325
2,028,346
W orcester _ _ _ _
1,538,524
1,798,005 — 14.5
1,230,491
1,811,190
1,676,825 + 20.9
P o r tla n d _______
2,026,907
1,568,312
1,857,599
Fall R iv e r ______
872,550
731,694 + 19.3
759,013
788,304
L o w e ll_________
427,436
429,816
— 0.5
414,517
550,699
New B edford____
573,499
493,874 + 16.2
383,027
554,044
H o ly o k e --i______
610,731
521,467 + 17.1
591,051
685,510
Total New Eng.
177,768,067
178,110,549
— 0.2
133,530,088
161,213,012
Chicago . ________
206,532,321
173,402,790 + 19.1
158,160.218 1 172,792,119
C in cin n ati______
28,238,550
24,248,600 + 16.5
23,508,900 I 22,475,750
C le v e la n d _____
17.894,864
16,050,950 + 11.5
14,943,978
14,738,607
D etroit__________
12,384,843
11,213,163 + 10.4
9,688,146
11,533,681
9,716,392
Milwaukee ____
7,644,323 + 27.1
6,736,509
7,809,426In d ia n a p olis____
7,115,337
7.713,683
— 7.8
6,010,358
8,595,789Columbus _______
5,215,900
4,458,300 + 17.0
4,135,800
4,875,500
T o le d o _____
— 6.2
3,574,416
3,809,439
2,861,617
2,690,038Peoria . _ _____
2,482,769
2,522,625
— 1.6
2 ,1 6 8 ,8 1 6
2,688,531
Grand R apids_
_
2,334,534
2,013,608 + 15.9
1,957,209
2,072,242
D a y t o n ________
1,949,928
1,670,831 + 16.7
1,588,944
1,878,904
Evansville _ _ _
1,540,663
1,531,017
+ 0.6
1,015,869
1,043,213
Y o u n g sto w n ____
623,771
1,092,758 — 42.9
523,105
645,834
Springfield, 111 __
746,036
834,627 — 10.6
751,519
605,432
F ort W ayne __
751,908
975.262 — 22.9
K a la m a z o o ____
696,332 + 17.4
817,588
651,346
648,576
L e x in g to n ______
638,002
570,298 + 11.9
690,181
654,477
A k r o n __________
660,985
520.500 + 27.0
626,200
473.400
Canton
_ _ _
508,365
411,098 + 23.7
474,209
606,310
R ockford . _
_
467,948
455,147
+ 2.8
414,488
... 381,261
Springfield, Ohio
448,883
410,628
+ 9.3
352,494
447.526
B lo o m in g t o n ___
455,145
+ 9.2
416,886
2 8 2 ,6 0 4
341,938
Q u i n c y _______
388,135
423,393 — 15.4
337,441
412,448
South B e n d . ___
413,421 + 21.5
502.473
Mansfield ____
320,102
+ 1.2
316,248
188.501
192,673
Decatur _ _ _ _
332.000
331,766
+ 0.1
247,454
382,290
260,981
Jacksonville, 111279,239
— 6.5
219,571
251,367
Jackson _ _____
208,000
205,000
+ 1.5
196,672
192,933
141.378
Ann A r b o r _____
141,058
+ 0 .2
100,367
104.754
T ot. M id.W est.
307,222,21/
264,773,990 + 16.0 238,679,716 261,737,819
San Francisco___
33,909,681
30,397,604 + 11.6
26,614,654
27,905.778
9,873,122
Los Angeles_____
10,145,464
— 2.7
6,628,239
6,268,844
S e a t t l e _____ __
8,358,410
5,392,647 + 55.0
4,196.726
4,303.395
Portland ______
5,010,804
3,380,902
4,454,543 + 12.5
2,950,607
Salt Lake C ity_
_
4,956,675
4,241,197 + 16.9
2,499.730
2,840,934
Spokane______ _
3,837,530
2,354.832
2,798,103 + 37.1
2,300.580
Tacom a _ _____
3,365,429
2,793,196 + 20.5
1,600,705
1,736,168
H e l e n a ________
667,348
805,000 — 17.1
504,270
559.269
Fargo _______ _,
306,788
520,325 — 41.0
436.848
434,463
302,140
— 8.2
Sioux F a lls _____
277,985
328,964
407,037
3,726,292 N ot included in total
O a k la n d _____ _
San Jose
431.773 N ot Included in total
Total P a cific.70,587,927
61,877,043 + 14.1
47,465,343
50,136,623
Kansas C it y ____
19,326,456
— 6.5
20,660,025
13,602,490
20,869,578
Minneapolis_____
12,806,930 + 50.9
11,638,699
19,328,913
14,547,794
Omaha _ _____
9,214,909
6,860,822
8,249,236 + 11.7
8,447,015
St. P a u l ______
2,339,290
8,169,588 — 10.2
5,533.367
6,782,507
D enver_________
3,573,134
6,494,257
5,369,791 + 21.0
4.794,666
St. Joseph______
3,786.806
4,609,282
4,204,519
+ 9.6
5,231,652
2,200,000
Des Moines _____
2,625,697
2.650,000
— 0.9
2,618,724
Sioux C ity______
1,802,150
1.085,667
1.355,671
1,447,906 + 24.4
Topeka _____ __
707,182
369.549 + 91.4
815,015
1,223,540
W ic h ita ________
818,660
1,091,538
1,023,327
+ 6.6
512.218
1,024,534
D aven port______
1.390,148
1.223,265 + 13.7
1.047,527
672,227
Colorado Springs
545.445
641,931
+ 4.7
502,105
506,741 + 24.0
393,563
Cedar R a p id s _
_
628,137
Pueblo _
_
382,859
433,752 — 11.7
270,535 — 38.2
139,044
146,482
167,281
Frem ont ______
1,334,913 N ot included in total
L in c o ln ________
75,780,326
68,027,091 + 11.4
T ot. oth. W est.
52.017,246
.68,077,479
St. L o u is _______
49.801,434
50,299,298
49,895,350
+ 0.8
46.541.060
11,301,250
15,661.634
22,326,438
New Orleans____
19,616,818 — 20.2
12,976,610
L o u is v ille ______
+ 4.7
10.331,718
10.638,413
12,388,096
H o u s t o n ______ _
6,829,611
4.200,000
5,141,614 + 32.8
6,368,599
— 0.4
3,099,500
G a lv e sto n ______
2.682.500
4.323,000
4,340.500
4.804,610
4,960.779
Richm ond _
6,969,086
5,994,604 + 16.3
3.351,937
3.465,185
Memphis _. _ 3,659,229
4,409.308 — 17.0
3.753,494
2,233,178
3,910,126
Savannah ______
4 , 083,348
— 8.1
2,784,872
A tla n ta ________
3,100.000
3,041,196
+ 1.9
2,375,253
2,756,399
2.784,932
3,259,102
+ 2.0
N a s h v ille _
_ _
3,324,768
2.575,898
1.591.415
1,990.902 + 29.4
1,284.333,
F t. W orth ______
973.286
984.546
A u g u s t a _____
y 1,282,720
2.094,808 — 34.0
1.705,000
1,471.372
N o r fo lk _ _____
_
2,211,067
1,818,900 + 21.6
950.147
1,328,801
B irm ingh am ____
J.745,761
1.517,014 + 15.0
1,209.792
1,098,314
1,293.605
1.205,299
+ 7.3
Charleston . .
_
1,152.437
1.096,316
K n o x v ille ______
1.381,066
1.191.753 + 15.9
1.372,948 + 10.4
Mobile 1.516.425
923.882
585.480
Little R o c k .____
— 3.7
1,104,891
1.147,867
530,000
798.595
1,301.493
1.148,444 + 13.3
Jacksonville _ . .
769,957
800.000
1,151,771
650,000 + 77.2
Chattanooga . _
793.000
358,927
Macon _ . . . _ _ _.
558,634
645,804 — 13.5
224,009
469.467
300,968
211.529 + 42.3
Columbus, G a .. .
117.482,400
101.028.86i
127.321,029
Total Southern
127.165,204
+ 0.1
+ 9.9 1,823,804.813 2.193,865.740
Total all______ 2.891.094.335 2,631.618.480
882,702,755
Outside N. Y _ . 1,018.674,185 931,929,340
+ 9.31 748.367.557
Canada—

M ontreal...........
_
T o r o n t o _ ____
W innipeg______
Ottawa _ ________
H a lifa x ________
Quebec ___ . . .
_ .
V ancouver_
Ham ilton_______
St. J oh n ________
L o n d o n ___ ____

Victoria _______

Calgary ................
Total Canada _

27.388.516
24,536.279
8,928,171
2,292,563
1,847,052
2,242,637
2,232.253
2,045,250
1.034,621
1.619,017
568,282

27.831.677

74.734.641

73.760,021

24,781,953
7.802.733

2.254.068

2.510,759
2,156.855
1.853,700
1,369,998
992,148
1,398.553
808,577

1,015,823;N ot Included

— 1.6
— 1.0
+ 14.4
+ 1.7
— 26.4
+ 4.0
+ 20.5
+ 48.6
+ 4.3
+ 15.8
— 29.7
in total
+ 1.3

20,386.267
20.866.013
5.685.446
2.115.179
2.424.211

2.273.162

1,374,959
1,356.909
984.181

25,559.580
19..’ <

5.939.042
• 2.533.384
1.993.946

2,085.956

470.195

1.542.641
1.030.549
1,004.081
949.625
544.761

59.244.022,

62.487,007

1.307.500

60

THE CHRONICLE.
TH E F IN A N C IA L

S IT U A T IO N .

The ordinary and natural developments affecting
business prosperity which are being disclosed indicate
a favorable outcome. Government crop reports issued
the current month— for cotton July 5 and for breadstuffs July 10— are of that nature and have proved
fully as promising as the better class of private esti­
mates had indicated. Of course cotton has yet to
pass through two or three months before even a mod­
erately close approximation of the actual yield will be
possible; but the situation of that crop the 25th
of June as disclosed by the report issued as stated
above on the 5th of July encouraged the hope
of a good outcome.
There is one feature of these official reports which
could be easily changed, and should be changed. We
refer to the fact that they tell a story of condition at
a date so long past that they have almost become an
antique when they reach publication; certainly in
large part the July reports for cotton— covering a period
of development when conditions change very rapidly—
almost always lose a good share of their use­
fulness before they are published. If an up-to-date
newspaper or a wide-awake individual had the job
to do, either would, on the day of publication, supple­
ment the mail advices by full detailed telegraphic
information to the day of publication. As the case
.stands, all sources of information other than the Gov­
ernment are shut out from being competitors. This
is so because it is a reasonable conclusion that of two
reporters equally conscientious the Agricultural De­
partment should have the best and most reliable
means of procuring an accurate reflection of the situ­
ation; and as the Department report has the endorse­
ment of the Government, private advices of the same
date cannot get a standing for statistical work. It is
likewise very desirable that the information should
always be brought down to the close of the previous
month, so that in every case they can be written about
as reflecting the situation on the first day of the suc­
ceeding month. Otherwise they are often misunder­
stood and misstated, especially when comparison is
made with previous years,
r
---------I - * •
i The Government report as to the breadstuffs crops
given out the 10th of July represents the condition on
the first day of the month. It shows a promise at that
date of bounteous harvests, quite close to if not
passing all precedents. The winter-wheat crop, which
is now substantially made, is given at an average for
all States of 85.6, compared with 82.7 on July 1 1905.
Spring-wheat average condition July 1 is^ given
at 91.4, as compared with 91 July 1 1905. As
we make up the prospective result of the wheat
yield of both sorts, the outlook at the moment is a
crop of 703,000,000 bushels, against a wheat crop
in 1905 of 692,969,489 bushels. The corn crop
is also decidedly promising; its condition July 1
1906 being 87.5 against 87.3 July 1 1905, the
acreage the current year being 101.6 compared
with 1905. Last year’s crop broke all records and
the current year’s product promises to be in excess
of that. As we make up the figures, the outlook,
according to present promise, is f o r a total yield in
1906 of 2,755,000,000 bushels, as against the total

[Y ol .

l x x x iii.

actual yield of 2,707,993,540 bushels in 1905, much
the largest previous product in our records.
Among other features of leading importance bearing
upon the industrial outlook is the money market.
Commercial and financial affairs start the current fiscal
year with more doing in a business way (as evidenced
by clearings and railroad earnings) than ever before
in the country’s history. Money often grows to be a
factor of uncertainty in its manner and method of
action when we have fully entered upon and have
begun to progress along the last half of the year.
This is especially true if to the above (that is, to a
period of prosperity) we add the prevalence of low
bank reserves, such as have been the condition for
many months, and crops as large as they promise to
be now. A combination of factors like those men­
tioned are, we think, enough to establish a reasonable
expectation of high rates for loans, at least until the
opening months of the new year. There can be no
escape from that conclusion unless we are to have an
unusual flow of funds into the New York banks as a
coincident circumstance with the crop demand.
According to our view there are three ways in which an
inflow might become a feature the current year. First
is the large amount of gold sent to San Francisco at
the time of the earthquake and fire; it was thought
in the East on the occasion of its outflow that it could
only find occupation for a short time in California,
and hence after it had served that purpose it would
return. That claim rested upon the idea that the
millions sent were needed only for a brief period to
strengthen credit shocked and disturbed by the
catastrophe. Time has proven that it had a wider
use; for only a small part of it has yet been returned.
Whether the low reserves in New York will induce
its further movement this way seems very problemati­
cal. There is certainly but little force in a 2 % call
rate in this city to dislodge and move funds which
are already occupied on the Pacific coast.
Another method of relief is assumed to be the Pana­
ma Canal bonds, 30 millions of which are now being
advertised for sale by the Government. The argu­
ment is that those bonds will furnish the basis for all
the currency required for crop-moving purposes, for
there are to be 130 millions of them put out. That
idea on its face looks plausible. But strange to say,
there is some attribute or potency attaching to those
bank notes, and apparently to our systems of notes,
which prevents an increase in the volume of them
having of' itself any influence in lowering the value of
money. The new and the old have such an inherent
affinity for one another and for industrial affairs that
they become, as it were, fixed in and absorbed by the
values of things so as to lose the mobile characteristic.
We have from time to time, and often, dwelt upon this
anomaly. On the present occasion we need only to
note the illustration current events afford of its truth
and force— that is to say, simply to cite how largely
and rapidly our currency is increasing, while there has
been no let-up whatever in the tendency of money
rates to harden. For illustration, looking at the Gov­
ernment statement of the “ stock of money in the
country and in circulation” (see “ Chronicle,” July 7
1906, page 18) on the first of July 1906, we find the
total amount at that date to be $2,744,483,830; on
July 1 1905 the corresponding total was only $2,596,-

J u l y 14 1906. J

T H E CHRONICLE

61

7
1
6
, 4
7
1
,
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h
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v a e r
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ho
mm
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p
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h
a
s
b
e
e
n
a
c
c e
p
t i m
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a
t
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1
9
a at o n r o s t h i n e sr i s p t e o d s s u i b p l
T
h
e
r e
i s
s t i l l
N
e
w
Y
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r
k
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i nh
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J
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e c a g s o e l sd ,
sn o e
g s le e c c u t r e o d r
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n t he
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ou
rc kh
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um
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r e
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t h
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n t c h e e s m
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s u
r r e n
d
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b m o
oe
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ev n e
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w
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o S r h m a a w l m c o u n t —d
i

62

T H E CHRONICLE.

[V ol . l x x x iii .

ao l n l e t h t e i m r o e a
da
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N . Y . Banks. N . t . Banks.
Movement.
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A
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C u rren cy _____________ ,_____________
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$5,218,000 Gain $1,776,000 s
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405,000
v
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s
t h
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s p
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I f
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W eek ending July 13 1906.
Banks.
B anks.
Bank Holdings.
n
o
t
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v
e
n
t h
e
m
Banks’ Interior m ovem ’ t as a b ov e_
_
.88,103,000
$5,922,000 Gain $2,181,000
Sub-Treasury operations_____ _____ _
27,100,000
28.100,000 Loss
1,000.000 s
u
c h
a
s
p
r e s c r i b
Total gold and legal ten ders..........
$35,203,000 $34,022,000 Gain $1,181,000
o
f
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July 12 1905.
July 13 1906.
e
c
o
n
o
m
y
a
n
d
Silver.
Total.
Gold.
| Silver.
Total.
. Oold:
c o
n
d
u
c t e
d
,
b
u
t
£
£
£
£
|
£
£
E n g lan d .. 37,365,965
37.365,965 38,203,585
............
38,203,585
_
F ra n ce _ 118,091,690 42', 877,658 160,969,348 116.110,0241 44,344,260 160,454,284 m
e t h
o
d
o
r
s y
s
Germany . .32,963.000 10.987.000 43.950.000 35,478,000| 11,826,000 1 47,304.000
R u s s ia _ 108.935.000
_
5.995.000 114.930.000 108,199,000 6,147,000 114,346,000
n
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t
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e
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l l o
w
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A us.-H un. 46.788.000 12.583.000 59.371.000 46,856.000j 13,008.000 59.864.000
Spain , . j . 15.164.000 24,638,000’ 39.802.000 14,855.0001 23,233.000 37.088.000
Ita ly _____ 29.451.000 3,991.100 33,442,100 22,298,000] 3,658,000 25.956.000
o
n
t h
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.N ’t h ’ lands 5,520.400
5,760.300 11.280,700 6,383,400 6,198,000 12.5S1.400
N at.B elg..
3.354.000
1.677.000 5.031.000 3,260,667
1,630,333
4.891.000 s
y
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Sweden ...
3.876.000
3.876.000 3,580.000
_______
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401,509,055 108,509.058 510,018,113 395.223,676'110,044.593l504,268.269 p
399,-81
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J u l y 14 1906.]

THE CHRONICLE.

65

c a r r i e r s
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a n
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66

TH E CHRONICLE.

[VOL. LXXXT1I.

n
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at i n l y n
ie n a s r t l a y n
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M
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I n
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s
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s
c me r u n n
b s u e i r l tv
c o
a
l
t h
e
C
o
m
i ht i a e s s
e
lc o h n o g o e s r e
b b e e
w
i l l
h
a
v
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'
t o
t p w o e s se i n b
s i tn a
t s e u
f c f oi c a , l - w m
i il
t h
e i r
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t e r e s t s
c t hr a
t O r an n l y s p e o n r o t u
1
t i n
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i n
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t o
" m
i tn o e
gt h h e
n t ch e e r n
.g e n
u
w
a
n
t s —
l e
a
v
i n
gc o
e I rf a lb
m
i n
i n
g
o r
p
r o
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u
•
i t s e
l f .
A
s
c o
n
c e r n
s
t ah n e d
r o d a i sd t s i n t c h t a .
t
a
u r to a d t ' h s
e l i k ne e t w h
a s
c o
a l
c a
r r i e r s —B
e
Ty
&
W
e
s t e
r n
—
t h t he e sp e r o
b l i l n e em s .
i s
n t h o et h
e c ro
rt r t a f o f i f c
I n
t h
e
s e
1 c a
s e s a
a p l a
'
m
o
s t
i m
p
o
r t a w n h t e in t e e v m e s r
o t f h
te r a f
a n
d
c o
n
t r o
l
' b
f c at h r r e i e m r
i an f i f n o g r d ps
r oa
o
n
n
e c t i o
n
w
i t h
• continued- possession of such traffic to the road. The c
h
e
C
o
m
m
i s s i o
n
properties were purchased originally to prevent the t
a
d
e
f o r
t h
e
s
’ coal from Such mines from being shipped over other m
a
y
p
r e s c r i b
e
a
lines. -Tfuio'w the mines were sold and the new owners m
h
a
t
t h
e
e f f e c t
chose tor make shipments over other roads, the loss w
i o
n
w
i l l
b
e
i s
would be very serious— in Some Cases threatening s
o
m
m
i s s i o
n
e r
P
bankruptcy. I would seem to be a question whether C
t
l r e
a
d
y
r e f e r r e d
- the constitutionality of this feature of the law can be a
h
i c h
i s
e n
t i t l e
upheld. The coal roads have transgressed no law in w
•
a
c q
u
i r i n
g
p
o
s W s e h s sa i t o
n I t o
fW
ci lo l a l D
t r h i eg
r
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m
. h
a
v
e
- t n h e e c e es s x a p r r y e s i s n
h
n
e or r o t f o t h h
•
o r
S
t a
t e
- l a
w
s t h t oe
o
w
f h a a c v i li
!
M
o
r e
o
v
e
r
C
o r n e gn r d e e s rs e d i no r
e i m o p b o s se e r d v
e a, s t o
e
n
a
c t m
e
n
t
n
e
v
eW r
•
i n
i n
t e
r
s
t a
t ea
t s r i ag fn f i fc i c at h n
at
t h
ti nh
p i r n o d v i i r s e i oc nt
o
w
n
e
r s h
i p
, - d
i r o e f c t t h
oe r
p l i o a ws
e a r l s l .o w
e
p
o
r t e
d
b
y
i t ;
e Hd
i f mr
fg e h w
i o l wf
g
r o
w
u
p
t h
r o
u
t h y e e a u r n s i o rn a
nc o o n w c e o r n n
e
tT e h n i d s
c o
a
l - c a
r r y
m
g
’
s t .h
,
s t e
p
i n
a n
d
d b e e s t dr o u y e
s h u e c h s a vy e s

Ju l y

14 1906.]

THE CHRONIQLE.

ductions ordered by the Commission (though these
reductions, we may be sure, will come, too), but
rather to the fact that the railways themselves having,
as he says, knowledge that the reasonableness of their
action may be challenged, will hesitate to make the
advances which they otherwise would, and will grant
the demands of shippers for reductions which they
otherwise would not. It is open to everyone to draw
his own inference from these remarks, but the intima­
tion with reference to granting reductions in rates to
shippers is too plain to be disregarded.
Really, however, there is nothing strange in such an
intimation, for obviously theCommission has not sought
the power to fix rates with a view to advancing them.
That is axiomatic. The changes will all be in a down­
ward direction. And indeed one reason why the
Commission has been so desirous to regulate the ac­
counts has been that it wants to see that nothing is
charged to the expense accounts except the ordinary
expenses. In recent years, as is known, it has been
the practice to make extensive improvements and
charge the cost to expenses. Members of the Com­
mission have individually expressed strong disap­
proval of this practice. Mr. Prouty refers to the
Lake Shore for example, and he states that, possessing
the power to prescribe the accounts, the Commission
will now find it possible to determine what part of
the improvement outlays are in the nature of per­
manent additions to the property (and hence can be
ruled out), and what part are renewals and repairs.
It is to be noted, too, that the Commission is also
given power to establish through routes and fix joint
rates, and the conditions under which such through
routes shall be operated, when the carriers have re­
fused or neglected to voluntarily establish such through
routes and joint rates, provided no satisfactory
through route exists. This provision is made so broad
that it is to apply even when one of the connecting
carriers is a water-line. The powers of the Commission
are further added to through the fact that the opera­
tion of the law is extended so as to bring within its
scope express companies and sleeping car companies,
and also pipe lines, though we observe that Commis­
sioner Prouty says that the constitutionality of the
provision with reference to the pipe lines is doubtful;
With all its enormous powers and responsibilities,
the Inter-State Commerce Commission is accountable
to nobody. All its orders are to be regarded as law
and to have the same effect as a Congressional enact­
ment, until set aside by the courts, and yet it is amen­
able to no one. In fact the changes in the law have
been in the direction of setting its acts above all
authority. It is no longer required in issuing its or­
ders to report findings of facts but need only state its
conclusions. Not even the President of the United
States can call it to account or has any control over it.
Of course he has the appointment of the two new
members that have been added to the previous board
of five and he has the right to fill vacancies, and he
may remove any member “ for inefficiency, neg­
lect of duty or malfeasance,” but there his
powers end. The Commission is a wholly inder
pendent body and we doubt whether in the whole
history of the world there has ever been a board of
seven men clothed with such tremendous powers and
possessing such absolute freedom from restraint in
the exercise of the same. We should judge that one

67

of the very first points the courts will be called upon
to decide is whether Congress had the constitutional
right to delegate many of these powers to such a body.

TREASURY

F IN A N C E S FOR
YEAR.

TH E

FISC A L

In an article last week we dealt with the happy
state of the Government finances, which enabled the
Secretary of the Treasury to show an excess of receipts
over the expenditures for the twelve months when a
deficit had been looked for. There are some other
features of the Treasury statements for the fiscal year
which possess considerable interest.
When the fiscal year opened, the process of reducing
Government deposits in the national banks—made
necessary by the fact that Government cash was get­
ting low owing to the deficits of the two years pre­
ceding—had not yet been completed, and the indi­
cations then also pointed to still further deficits in the
fiscal year which had just begun. Thus it happened
that public deposits in the banks were only $76,560,862
June 30 1905, against $113,688,618 June 30 1904 and
$151,618,313 June 30 1903. By July 31 1905 the
amount had been reduced to $65,715,119, while Aug.31
saw it down to $64,059,172. The amount remained
small until April 1906, it being reported at $65,333,465
March 1 1906. Then there came a change in policy .
Early in March the Secretary announced that he would
deposit $10,000,000 of Government cash in the bank
depositories in certain cities throughout the country.
In April the earthquake and fire at San Francisco
occurred. This necessitated extraordinarily large
shipments to the Pacific Coast from this part of the
country, and the Secretary of the Treasury, to facili­
tate gold imports and to make the metal immediately
available, allowed banks bringing in gold to receive
at once Government deposits to the extent of the gold
engaged, avoiding loss of interest to the importing
institution during the time that the metal was in transit
to this side. Accordingly the deposits in the national
banks from $65,333,465 March 1 increased first to $76,350,723 April 1 and then to $102,918,772 May 1.
With the completion of the gold-import movement
and the withdrawal of the privilege of receiving these
special deposits on gold engagements, the aggregate of
deposits June 1 1906 was reduced to $92,534,755; at
the close of the fiscal year the amount had increased
slightly again, being $93,986,237 June 30. Alto­
gether, therefore, the national bank depositories at
the end of the fiscal year held, roughly, 17)^ millions
more of Government deposits than at the begin­
ning.
Notwithstanding this increase in Government cash
on deposit with the banks, the money holdings of the
Government in its own vaults also increased, the total
of the same June 30 1906 being $328,152,366, as
against $292,620,144 June 30 1905, part of this being
due to an increase from $33,050,392 to $43,264,611
in the deposits of legal tenders by the banks to redeem
circulation in process of retirement. A circumstance
in particular which attracts attention in the money
holdings is the great increase in the net amount of
gold held, this being $284,421,243 June 30 1906, as
against only $216,635,551 June 30 1905. The increase
reflects, of course, the large gold arrivals and the
deposits of the same in the Treasury.

[YOL. LXXXIIT.

THE CHRONICLE.

68

Another feature of the fiscal year has been the further
expansion in bank-note circulation during the twelve
months. The Secretary has tried in every way within
his power to facilitate and encourage the emission of
additional bank notes. The aggregate of circulation
afloat based on bond security increased during the
twelve months from $462,669,414 to $517,847,749.
As a result of this addition to the volume of bank notes
and the gold im ports, as also the addition to the gold
supply through new gold production, the total stock
of money in circulation shows a further large gain,
notwithstanding the increased amount of cash held
in Government vaults. F or July 1 the aggregate of
m on ey’in circulation this year is reported at $2,744,483,830, against $2,596,716,471 the same date last
year.
There was no change of importance during the twelve
months in the aggregate of the bonded debt, this
standing at $895,159,140 June 30 1906, as against
$895,158,340 June 30 1905. The aggregate of debt
of all kinds less cash in the Treasury was $964,435,687
June 30 1906, against $989,866,772 June 30 1905.
In other words, there has been a reduction in the net
debt o f $25,431,085, which thus corresponds very
closely with the $26,187,150 excess of Government
revenues over Government disbursements for the
twelve months. W hat is called the available cash
balance, and which we have deducted in arriving at
the amount of the net debt, is $178,087,283, as against
$142,490,323 a year ago, an increase of about 3 5 ^
million dollars. This is a larger amount than the
decrease in debt for the twelve m onths, because an
increased amount of this cash as compared with a year
ago is held to redeem bank notes in process of re­
demption.
As a matter of record we append the following table
in our usual form showing Government revenues and
expenditures each year since 1878. Through this
record it is easy to trace the fluctuations in revenues
from year to year and to note how wide is the differ­
ence in this respect between periods of trade prostra­
tion and trade prosperity, and also to observe the
great rise which has occurred in the expenditures be­
tween the earlier and the later years.
GOVERNMENT RECEIPTS AND DISBURSEMENTS.

Fiscal Years ending
Juno 30—

Receipts fromCustoms.

-----------1879
137.250,048
1880
-----------186,522,005
1881------------------------198,159,676
1882------------------------220,410,730
1883
-----------214,706,497
1884
-----------195,067,490
181,471,939
1885
------------1886
-----------192,905,023
1887
-----------21 ,,286,893
1888
-----------219,091,174
1889
-----------223,832,742
229.668.584
1890
-----------1891
________
219,522,205
1892
________
177,452,964
1893 ---------------- -------203,355,017
1894
-----------131,818,530
1895 ________________
152,158,617
1896
-----------160,021,752
1897
-----------176 554.127
149,575,062
1898 ------------------------1899
________
206,128,482
1900
________
233,164,871
1901
__________________________
238,585,456
1 9 0 2 .. . _____________
254.444.708
1903 ------------------------284,479,582
1904 - -----------------261,274.565
1905
________
262,060,528
1906
-----------300,657,413

Internal
Revenue.
113,561,610
124.009,374
135,264,386
146,497,595
144,720,369
121.586.072
112,498,726
116,805,937
118,823,391
124,296,872
130,881,514
142,606,7 06
145,686,249
153.911.073
161,027,624
147,111,233
143,421,672
146,762,865
146.688,574
170,900,641
273,437,162
295,327,927
307,180,664
271,880,122
230,810,124
232,904.119
233,464,201
249,063,S68

Miscellaneous.
23,015,526
273,827,184
22,995,172
333,526,611
27,358,231
360,782,293
36,616,925
403,525,250
38,860,716
398,287,582
31.866.30S
348,519,870
29,720,041
323,690,706
26,728,767
336,439,727
35.292.993
371,403,277
35,878,029
379.266.075
32,335,803
387,050,059
30,805,692
403,080,982
27.403.993
392,612,447
23,513,747
354,937,784
21,436,988
385,819,629
IS,792,256
297,722,019
17,809,786. 313.390.075
20,191,583
326,976,200
24,479,004
347,721,705
a20,094,408
340,570,111
b24,596,662
504.162.306
<134,588,140
563,080,938
835,086,186
580.852.306
36,153,403
562,478,233
45,106,969
560,396,675
45,621,493
539,800,177
47,899,130 x543.423.859
45,193,434
594,914,715

a Does not include S6,303,000 from sale Kansas Pacific R R . and S58,448,224 from
sale Union Pacific R R ,
b Does not include $11,798,314 from sale Central Pacific R R .
d Does not include $821,89S from payment of dividend by receivers of Union
Pacific and $3,338,016 from sale Central Pacific R R .
g Does not include $2,122,841 received in June 1901 from sale of claim against
Sioux City & Pacific, $133 943 from payment of dividend by receivers of Union
Pacific and $4,576,247 receded on account of Central Pacific indebtedness.
x Includes repayment of $S 600 000 loaned to Louisiana Purchase Exposition the
previous fiscal year.

Expenditures.
Fiscal :----------------------Years Ordinary, |Premium
Interest.
ending includ. war on Bonds Pensions.
June 30, and navy. Purchased.(
1879^ - - 126,498 453 ------1880 _. . 112,312 889 2,795,
1881_- . 127,083; 618 1,061,
1882-. - 125,559, 039 ____
1883.. . 140,235, 433 .........
1884.. - 134,118, 638 _____
1885-. - 152,738, 412! ____
1886.. . 128,498 128, ____
1887.. .145,161, 501 ____
1888.. - 134,650 443 8,270,
1889.. - 153,370 352 17,292,
1890.. - 154,700 347 20,304
1891_ _ -i 193,409 598 10,401
1892.. . 187,062 16l! ___ _
1893.. . 196,856 004: ____
1894.. . 198,506 589 ____
1895.. - 183,822 039 .........
1896.. . 177,360 416, ____
1897.. . 186,929 884i ------1898.. - 258,331 ,158; ____
1899.. - 425,780 ,326 ____
1900.- . 306,676 ,143 ------1901_. . 338,300 ,752' ____
1902.. . 303,594 ,253 ____
1903.. - 339,117 012 ____
1904.. a 415,196 5651 ____
1905- - 401,049 ;632. ____
1906.. - 403,383 158| . .

Excess o/
Receipts.

S
S
S
6,879,300
121 482405 327,949 266,947, 884,
65,883,653
777, 174 95, 57,575 267,642, 958
100,069,405
059,
508,741: 260,712, 883
077,207 257,981. 440
145,543,810
345,
132,879,444
012 ,
160,131 265,408, 138
578,378 244,126, 244
104,393,626
429,
386,256 260,226, 935
63,463,771
102
580,146 242,483, 138
93,956,589
404
103,471,097
741,577 267,932, 180
029,
715,007 267,924, 801 b i l l , 341,274
288,
624, 9 41 001,484 299,288, 978
"
b87,761,081
b85,040,272
936, 855 36, 099,284 318.040, 710
b26,838,542
415, 951; 37 ,547,135 365,773, 905
9,914,454
583, 053 23, 378,116 345,023, 330
204,392 383,477. 954
2,341,675
357, 558 27,
177, 285 27, ,841,406 367,525 280df. 69,803,261
395, 229 30, 978,030 356,195 298 df. 42,805,223
434, 001 35, 385,029 352.179 446 df. 25,203,246
053 165 37, 791,110 365,774 i 159 d f. 18.052,454
452, 369 37, ,585,056 443,368 583 d f.102,798,472
394, 929- 39 ,896.925 605,072: 180 d f.100,909,874
75,367,146
877 3161 40 ,160,333 487,713 792
71,142,734
323 622 32 ,342,979 509,967 353
91,287,375
,488 ,560' 29 ,108,045 471,190 ',858
54,297,668
506,099 007
.425 ,646 28 ,556,349
,559 ,266 24 646,490 a582,402 321 df.a42,602,144
,770 ,955 24 591.024 567,411 ,611 df. 23,987,752
26,187,150
,034 081 24 ,310,326: 568,727 ,565

;

a Includes $49,000,000 paid on account of Panama Canal and So,600,000 loaned
to Louisiana Purchase Exposition Company.
b Allowing for the premiums paid, the actual excess in 1888 is S119,612,116; in
1889 $105,053,444: in 1890 S105,34449'6, and in 1891, 837,239,763.

RAILROAD GROSS EARNINGS FOR JUNE.
W hatever the future may have in store for the rail­
roads of this country, under the change in conditions
imposed by the new Railroad R ate measure just en­
acted b y the National Legislature, the records of gross
revenues for current periods continue gratifying in
the extreme. W e present to-day our preliminary
compilations of the earnings for the m onth of June,
comprising the roads furnishing early approximations
of their results, and for these roads there is an aggre­
gate increase of $8,503,670, or no less than 13.24% .
This is on a total length of road of 92,655 miles, or not
quite one-half the mileage of the United States.
The im provem ent extends to all parts of the country
and to practically all classes of road, there being only
a very few companies that form exceptions to the rule,
and these mainly coal-carrying roads, which suffered
by reason of labor troubles at the mines.
This last calls attention to one of the unfavorable
features of the m onth— we mean the strikes at the
coal mines. In the different States where the bitum i­
nous coal miners were on strike, there was an adjust­
ment during June of differences with the operators
in one State after another, as has been several times
pointed out b y us. B ut the resumption of work was
gradual. In none of the Middle W estern or the
Southwestern States was there a full m onth’s mining,
and in some of the States the miners worked for only
a very small fraction of the m onth. M oreover, in
Pennsylvania the settlement did not come until
after the close of June— not until the present
week. Furthermore, even in the anthracite regions,
where the miners returned to work early in M ay, the
output for June this year was not equal to that for
June of last year.
It is to be noted too that Southern roads had a
much smaller cotton traffic than a year ago. A t the
Southern outports the receipts in June 1906 were only
162,330 bales, as against 362,596 bales in June 1905.
The shipments overland were 46,816 bales, as against
94,141 bales. Of course, however, the iron and steel
trade continued in a state of great activity, and gen­
eral trade also remained highly prosperous, adding to
the volume of merchandise and miscellaneous freight
and expanding the passenger traffic of the roads. In
these advantages Southern roads shared the same as
’ those of other parts of the country.

July

THE CHRONICLE

14 1906. j

RECEIPTS OF COTTON AT SO U TH ERN POUTS IN JUN E. A N D
JAN U AR Y 1 TO JUNE 30 190(5. 1905 AN D 1904.
1906.
49.829
932
38.807

96
5,614
1.312

1906.
805,768
49.300
738.463
69,502
80,207
380,990
64.972
27,902
662
54,224
155,304
11,132

1905.
903.476
177.161
1,091.684
104,913
89.056
555,788
61.981
43.874
276
95,162
285.590
20,487

1904.
541.079
47.143
669,638
37,285
35,528
229,722
26.838
16,995
346
27.790
135.448
15,010

63.462

2.43S.420

3,429,448

1.782.828

73
36.522
5,317
1.588
19
7.386
14,821
982

1905.
91,971
17.681
81.527
10,772
11.225
80.877
11.283
3,428
5
8.485
39.319
6.023

1904.
9.114
623
30.008
2,536
52
12,804

Total____________ .162,330

362,596

Ports.

Galveston - - . .bales
Sabine Pass. &c.
New Orleans......... .
M obile................ - - Pensacola, &e-------Savannah------- .
Brunswick, «fec „ - .
Charleston----------Port Ro\a!, & c_.
Wilmington____ . .
N orfolk______
Newport News, &c-

FROM

1.306

Western roads at the same time had the advantage
of a much larger grain movement. The grain deliv­
eries exceeded those of 1905 at most of the primary
markets and in all the different items. Thus for the
four weeks ending June 30 the wheat receipts increased
about one million bushels, the corn receipts 3^/2 million
bushels, the oats receipts 2% million bushels, and
there were also slight gains in the smaller cereals.
Taking wheat, corn, oats, barley and rye together,
the deliveries for the four weeks this year foot up
44,945,781 bushels, as against 37,664,898 bushels in
the corresponding four weeks of last year.
W E ST E R N G RAIN RECEIPTS.
Four w eeks ending June 30.
C hicago—
1906-----------1905_________
M ilw a u k ee—
1906_________
1905_________
St. L o u is —
1906_________
1905____
T oledo—
.1906_________
1905________
D etroit—
1906-----------1905_________
C leveland—
1906_________
1905_________
P e o r ia —
1906_________
1905_________
D u lu th —
1906.- _____
1905_________

Minneapolis—

1906_________
1905_________
K a n sa s C ity —
1906_________
1905_________

F lo u r .
(bbls.)

W heat.
(bu sh .)

Corn.

Oats.

Barley.

Rye

(bush.)

(bush.)

(bush.)

(bu sh .)

529,579
441,41S

31S.243 13,608,618
152.000 10,960,400

6,404,298
5,516,724

1,037,479
1,278,972

37.858
65.000

226,765
169,875

337,920
402.160

695,400
218,500

1.059.S00
484,900

717,200
595,650

51.200
50,400

14S.045
147, S65

537.306
566,514

2,448.905
1,30S,S13

1,723,375
1,160,790

36,400

14,000
5,738

S4.500
33,900

496.000
748.000

409.700
899,000

25.960
20,500

186,424
55,567

505,261
440,809

274,252
190,700

4,887
5,387

28,630
30.531

600,253
868,543

584,44S
758,673

8,000

103,100
45,250

30,600
25,600

786,500
977,000

1,425,800
803,200

74,000
47,700

8.100

491,800
374,400

919.489
242,946

53,884

596,366
135,312

115,827
73,029

5.623
1,369

3,876,860
3,707.030

332,504
197,620

2,004.380
1,690,890

585.743
473,950

43,080
28,850

882,000
1,054,000

787,000
1,090,000

204.000
314,400

_____

8,600
2,500

7,200

--------

—

2,574.649
2,469,301

168,416
161,075

Total 0/ all—
1906_________ 1.530,136
1905_________ 1,204,695

7,201,972 20,314.325 14,686,419
6,270.248 16,809,685 11,954,589

As an offset to the larger grain movement, the live­
stock movement at the West did not equal that of a
year ago. At the six leading markets, namely Chicago,
Kansas City, Omaha, St. Louis, St. Joseph and Sioux
City combined, the receipts of cattle comprised 607,975 head against 604,700, but the deliveries of sheep
were only 566,610 head against 573,500, and the de­
liveries of hogs 1,725,263 head as against 1,802,700.
The improvement in gross earnings recorded this
year in June follows quite a substantial gain in the
same month of last year. Our early compilations at
that time comprised 81,192 miles of road and showed
$3,177,541 increase, or 6.23%. In fact, with the
exception of 1904, when there was a small decrease,
the record of gains has been a continuous one in June
for more than a decade, as will be seen from the follow­
ing, showing the monthly aggregates back to 1897.
Mileage.

Gross Earnings.

Year Yr. ore- InGiven. ceding. crease.
Year— Rds.
1 8 9 8 ..
1899 . - .
1 9 0 0 --.
1901 . . .
1902
1903 . . .
1904 . . .
1 9 0 5 ..
1 9 0 6 ..

115
. 125
117
107
97
81
71
.
.

Miles.

Miles. I %

90,703
97,221
98,375
95,337
97.010
85,554
95.013
86,085
81.192
92,655

90,139
96,213
92,266
93,004
94,048
83,996
93.013'
83.568
79,345
90,469

0.62
1.05
6.60
2.51
3.15
1.85
2.15
3.01
2.32
2.41

Year
Given.
S
36,558,554
42,217,558
40.170,085
50,104.955
51.573,897
50,238,273
61.930,417
54.682,684
54,139,005
72,708.902

Year
Preceding. |
§
36,251,840
39.635,817
40,480,015!
46,051,607
47,975,122
46,882,292
54,315,982'
55,193,667
50,961,4641
64,205,232j

Increase (4-)
or
Decrease (— )
$

%

+ 306.714 0.84
+ 2.581.741 6.51
+ 5,000,070 14.05
+ 4,053,348 8.80
+ 3 .5 9 8 ,7 7 5 7.50
+ 3,355,981 7.16
+ 7,614,435 14.02
— 510.983 0.92
+ 3.177,541 6.23
+ 8,503.670 13.24

Note.— Neither the earning of the Mexican roads nor the mining operations of
the anthracite coal roads are Included in this table.

As in the months preceding, the increases in the case
of many of the separate roads reach figures of large
magnitude. Particularly prominent in this regard
are the trans-Continental lines on the extreme north—

69

the Canadian Pacific reporting $1,044,000 gain, the
Great Northern $921,666 gain and the Northern Pacific
$839,524 gain. Some of the Eastern trunk lines are
hardly less distinguished for the extent of their im­
provement.
The
New York Central proper,
covering the lines east of Buffalo, has only
1595,784 increase, the coal strikes having evidently
reduced the volume of its coal traffic; but the New
York Central system, comprising the New York Cen­
tral, the Pittsburgh & Lake Erie, the Lake Shore, the
Michigan Central and various other roads, shows
an aggregate increase of no less than $1,850,708.
Only two of the roads in our tables report losses
of any considerable amount, namely the Buffalo
Rochester & Pittsburgh $268,876 decrease and the
Wheeling & Lake Erie $56,930 decrease, both these
being bituminous coal roads which had their coal
traffic seriously curtailed by reason of the strikes at
the mines. In the following we show all changes,
whether increases or decreases, for the separate roads
for amounts in excess of $30,000.
P R IN C IP A L C H A N G E S IN GROSS E A R N IN G S IN JU N E .
Tnrrpn < r
tp

Increases.

Canadian P a cific________ $1,044,000
Great N orthern (2 r d s .)921,666
N orthern P a cific________
839,524
595,784
N Y Cent & H ud R i v ___
Southern R a ilw a y ______
437,229
Lake Shore & Mich Sou_
406,451
402,692
L ouisv & N ash ville_____
W a b a s h ________________
393,532
379,918
Grand Trunk (4 r d s .)___
Missouri Pacific (2 rd s.)_
308,000
Pittsburgh & Lake Erie_
276,310
M ichigan C entral________
273,020
D enver & R io G ran de___
235,000
Minn St Paul & S S M _ _ _
233,403
Illinois C entral__________
228,315
Canadian N orth ern _____
223,200
221,301
Mo K an & T e x a s________
Texas & P a cific_________
151,336
Y a zoo & Miss V a lle y ____
146,068
y Figures are for three weeks on ly;

Clev Cine Chic & St L ___
W estern M aryland_____
Central o f G eorgia______
Chicago Great W estern ._
M obile & O h io __________
Cine N O & T ex P a c ____
N Y Chic & St L o u is____
C olorado & S ou th ern _
_
A la N O & T ex P a c (3 rd s.)
Peoria & E astern ________
R u t la n d ________________

$111,213
104,751
103,931
97,331
86,646
y 8 0,355
79,935
73,614
46,740
40,809
30,783

T otal (37 r o a d s )_____ $8,572,857
T ) p r r p n qp ?

B uff R och & P itts b ____
W heeling & L ake E r ie ..

$268,876
56,930

T otal (2 r o a d s )________ $325,806
fou rth week not yet reported.

To complete our analysis, we furnish the following
six-year comparisons of the June earnings of the lead­
ing roads arranged in groups in our customary way.
EAR NIN G S OF M ID D LE AN D M ID D LE W E ST E R N GROUP.

June.

1906.

1905.

S
Buff.Roch.& P.
467,157
Chic.Ind.& L__
486.331
GdTk.of Can-1
Gd. Tk. West. J &3,559,500
Det G H.& Mil/
Illinois Central. 4,339,009
N.Y.C.&1I.RR. 07,649,645
Tol. P. & W __
99,820
T ol.St. L. & W
295,626
W abash............ 2,317,559
Wheel. & L. E_
389,603
Total

1904.

S
736,033
483,882

1903.

S
688,830
444,649

$
707,720
436,408
12,486,198
3,141,906 \ 458,522
l
98.974
4,024,226 4.087,561
6,551,373 6,724,770
110,043
H I , 178
195.952
287.746
2.028,040 1,709.906
423,443
361,844

3,179,582
4,110,694
7,053.861
♦ 108,171
305.321
1,924.027
446.533

1902.

1901.

$

$
532,721
366,692
1,947,549
352,802
91,816
2,910,434
5,893,370
89,548
200,362
1,427.938
251,480

612,482
391,151
2; 095,034
333,617
82,267
3,300.318
5,907,731
104.818
202,192
1,515,621
330.632

_____ 19,604,250 18,348,104 17,638,657 17,440,632 14,875,863 14,064,712

b Includes in 1906 and 1905, but not in the earlier years, earnings of Canada &
Atlantic.
(/The Fall Brook System, the Beech Creek R R . and the Wallkill Valley R R .
and Boston & Albany included for all the years.
E AR N IN G S OF SO U TH ER N GROUP.

June.

1906.

1904.

1905.

s

8

1903.

1902.

1901.

271,938

260,886

S
249,459

$
195,365

$
170,145

237,665
99,631
102,280
750,956
621,706
3.165,398
699,261
3,829,072

564,348

180,277
90,687
98.124
668,383
573,886
2.981,871
627,206
3,487,550
564,771

183.047
96,930
88,974
669,156
593,150
3,058,988
531,974
3,359,402
566.780

160,528
69,247
80,888
558,864
510.601
2,662.200
538,395
3,034.832
i to
(

148,444
63,437
63,161
477.100
440.579
2,271.180
481,026
2,698.026
362,842

Total.............. 11,669,762 10,342,255

9,533,641

9,397,860

8,257,380

7.176,540

8

Ala. Gt. South.
a295,784
Ala.N .O .& T.P.
N .O .& N .E __
264,498
Ala. & Vicks.
108,572
Vicks.Sh.&P.
113.246
Central of Ga_.
854,887
C.N.O.& T.Pac. a 702,061
Louis. & Nash d 3,568,090
Mobile & Ohio.
785,907
Southern Ry_ _ 4,266,301
Yazoo & MissV
710,416

a Fourth week not yet reported: taken same as last year.
d Includes earnings of Atlanta Knoxville & Northern in 1904, 1905 and 1906.
E AR N IN G S OF SO U TH W E ST E R N GROUP.

June.
Col. 6c South_a
I)en.& Rio Gr.
Int. 6c Gt. Nor.
Mo Kan & Tex.
Mo.P.&Cent.Br
St.Louis So.W .
Texas 6c Pacific

1906.
$
980,045
1.752.900
604,100
1,619,481
3.626.000
722.447
970,332

Total.............. 10,175,305

1905.

|

1904.

S
S
900,431!
625,750
1,517.900' 1,400.169
475.150
414,996
1,398.180 1,410.797
3.318.0001 3,232.653
699.459
557,898
818,996
739,424
9,134,116

8,381,687

1903.

1902.

1901.

421,067
1.098.056
2,997.316
526.930
778,751

$
755.663
1.459,182
341.829
1.172,754
2.757.380
513.075
697

•
8
659,959
1.437.778
350.011
1,201.517
2.680.012
494.989
735,353

8.002,031

7,696.894

7.559.022

$
777,365

1.102,546

______

a For 1906 and 1905 includes Colorado 6c Southern, Fort Worth 6c Denver t O f
and all affiliated lines: for previous years we have combined Colorado 6c Southern
and Fort Worth 6c Denver City.

70

[VOL. LXXXI1I,

THE CHRONICLE
Shares.

EARNINGS OF NORTHW ESTERN AND NORTH PACIFIC GROUP.
1906.

J u n e.

Canadian Pae.
Chic Gt.West.a
Dul.So.Sh.& A .
Great Nor.Syst
Iowa Central..
Minn. & St. L_
M.St.P.&S.S.M.
Northern Pac.

1904.

1905.

1902.

1903.

1901.

S
$
$
*
S
$
5,420.000 4,376,000 4.416,865 4,152,610 3,179,971 2,702,177
607,120
532,650
014,543
615,980
600,367
713,311
210,946
253,425
273,093
228,275
265,064
245,258
4,073,832 3,752,106 3,120,343 3,547,047 3,195,400 2.685,020
177,399
207,333
175,671
240,094
226,927
199,020
300,348
340,295
256,608
240,593
315,920
311,245
430,732
538,750
051,829
628,810
958,541
725,138
5,315,912 4,476,388 4,041,842 4,245,950 3,605,925 2,945,277

Total............. 17,902,074 14,729,102 13,499,140 13,894,938 11,853,749 10,065,019
a Results are based on i l l miles less road after 1904.

G R O S S E A R N I N G S A N D M IL E A G E IN J U N E .

Mileage.

Gross Earnings.
Name of Road.
1906.
A la b a m a G t S outhern
A la N O & T e x P a c—
N ew Orl & N or E ast
A la & V ic k s b u r g -___
V ick s S h reve & P a c
B u ff Roc-h & P ittsb . . .
C aliforn ia N o r th w ___
C an adian N orth ern
C anadian P a c ific ____
C entral o f G e o r g ia _____
C h a ttan S outhern _ _ .
C h icago Gt W e s te r n . .
C hic In d & L ou isv
C hic In d & S o u t h _____
C h icago T erm Transfer
Cine N O & T e x P a c
C incinn ati N orth ern
C lev Cine C hic & St L _ _
P e o ria & E astern
C olora d o & S ou th (in cl.
F tW o r th & D e n C ity )
D en ver & R io G ra n d e .
D e tro it & M ackin ac .
D et T o l & I r o n to n (incl
A n n A r b o r sy stem )
D u lu th So Sh & A tl
G eorgia So & Fla
G rand T ru n k o f C an— )
G rand T ru n k W est \
D et Gr H a v & M ilw j
C an ada & A tla n t ic . J
G t N orth ern -S t P M & M
(in cl E a st o f M inn) .
M on tan a Central
G u lf & Ship Island . . .
Illin ois C e n t r a l . . ____
Illin o is S ou th ern _
In te rn a t & G t N o r th ’n .
I o w a C e n t r a l.. _
L a k e E rie & W estern
L a k e Sh & M ich S outh
L o u isv & N ash ville
M acon & B irm in gh am
M anistiqu e . .
M ich igan C e n tra l.
M ineral R an ge
M inneap & St L o u i s .. .
M inn St P & S S M _ . _
M o K a n & T ex as _ .
M o P a c & Iro n M tn
Central B r a n c h . _ _
M obile & O h io _________
N e v a d a Calif & O regon
N Y Cent & H u d R iv
N Y C hic & St L o u is . _
N o rth e rn P a c i f i c ___
P ittsb u rg h & L ake Erie
R io G ran de S o u th e r n .
R u tla n d
St L ou is S outhw estern
S ou th ern I n d ia n a . ._
S ou th ern R a ilw a y .
T e x a s C entral ___
T e x a s & P a c ific .
___
T o le d o P eoria & W e s t .
T o le d o St L & W e s t ___
V irgin ia & So W estern
W abash _
W estern M aryland
W h e e lin g & L a k e E r ie .
Y a z o o & Miss V a lle y . .

Inc. ( + ) or
Dec (— ). 1906.

1905.

1905.

S
+ 23 ,846

309

309

264,498
108,572
113,246
467,157
135,222
612,100
5 ,4 2 0 ,0 0 0
854,887
11,716
713,311
486,331
169,409
139,267
2/493,091
94,258
2,039,791
257,607

+ 26,833
237,665
+ 8,941
99,631
+ 10,966
102,280
— 268,876
736,033
— 14,294
149,516
+ 223,200
38 8,90 0
4 ,3 7 6 ,0 0 0 + 1 ,044,000
750,956
+ 103,931
10,161
+ 1,555
615,980
+ 97,331
483,882
+ 2,449
155,538
+ 13,871
— 962
140,229
2/412,736
+ 80,355
+ 18,630
75,628
1,928,578
+ 111,213
216,798
+ 40,809

196
148
189
538
205
2,3 7 0
8,7 76
1,878
105
818
591
340
102
336
248
1,983
350

196
143
189
538
205
1,876
8,5 68
1,878
105
818
591
212
102
336
248
1,9 40
350

98 0,045
1,7 52,9 00
105,191

906,431
1 ,5 17,9 00
79,954

+ 73,614
+ 235,000
+ 25,237

1,725
2,4 70
333

1,729
2,4 6 0
332

299,824
265,064
149,996

270,398
245,258
144,511

+ 29,426
+ 19,806
+ 5,485

684
586
395

684
586
395

3 ,5 5 9 ,5 0 0

3,1 7 9 ,5 8 2

+ 379,918

4,528

4,5 54

4 ,4 2 3 ,2 9 0
250,542
183,315
4 ,3 39,0 09
24,455
504,100
240,094
402,461
3 ,5 5 7 ,2 9 8
3 ,5 6 8 ,0 9 0
11,259
14,461
2 ,1 73,4 43
54,416
31 5,92 0
958,541
1,619,481
3 ,5 0 9 ,0 0 0
117,000
785,907
22,574
7 ,6 49,6 45
791,631
5 ,3 15,9 12
1,3 59,7 76
49,090
257,801
722,447
132,797
4,266,301
60,171
97 0,332
99,820
295,626
88,140
2 ,3 17,5 59
45 5,46 0
389,603
710,416

3 ,5 6 0 ,9 4 5
191,221
166,566
4 ,1 10,6 94
26,432
475,150
226,927
39 8,560
3 ,1 50,8 47
3 ,1 65,3 98
9,772
14,112
1,900,423
60,419
311,245
725,138
1 ,3 98,1 80
3 ,1 7 4 ,0 0 0
144,000
699,261
21,041
7,053,861
711,696
4,4 7 6 ,3 8 8
1 ,0 83,4 66
3 0 ,780
227,018
699,459
106,748
3,8 2 9 ,0 7 2
58,485
81 8,99 6
108,171
.305,321
70,388
1,9 24,0 27
350,709
446,533
564,348

+ 862,345 5,8 60 5,701
+ 59,321
250
250
307
280
+ 16,749
+ 228,315 4,459 4,3 7 4
1.37
137
— 1,977
+ 28,950 1,159 1,159
+ 13,167
558
558
886
886
+ 3,901
+ 406,451 1,520 1,520
+ 402,692 4,206 4,0 35
97
+ 1,487
97
78
78
+ 349
+ 273,020 1,745 1,745
140
140
— 6,003
+ 4,6 75
799
799
+ 233,403 2,145 1,828
+ 221,301 3,042 3,0 42
+ 33 5,000 5,891 5,849
— 27,000
388
388
926
926
+ 86,646
144
144
+ 1,533
+ 595,784 3,7 74 3 ,7 74
+ 79,935
523
523
+ 839,524 5,781 5,632
+ 276,310
191
191
+ 18,310
180
180
468
+ 30,783
468
+ 22,988 1,451 1,441
+ 26,049
201
201
+ 437,229 7,509 7,201
+ 1,686
227
227
+ 1 51,336 1,826 1,826
248
— 8,351
248
— 9,6 95
451
451
+ 17,752
134
134
+ 393,532 2,517 2,517
+ 104,751
536
477
— 56,930
488
488
+ 146,068 1,210 1,2 10

$
2/208,736

$
2/184,890

72 ,7 0 8 ,9 0 2 6 4 ,205 ,232 + 8 ,5 0 3 ,6 7 0 92,655 9 0 ,469
T o ta l (67 r o a d s ).
N et increase (1 3 .2 4 :% )
M exican R o a d s (n o t i n clu d ed in to ta ls )—
511,074
616,223
736
In te ro ce a n ic o f M e x ic o .
+ 105,149
736
525,322
645,212
M ex ican In tern ation a l
884
+ 1 1 9 ,89C
881
M exican R y . ________
z/347,200
321
t
/41 6 ,7 0 0
+ 69,500
321
y 67,545
?/69,171
— 1,626
M exican S o u th e r n .
263
263
N a tion al R R o f M ex ico 1 ,3 7 0 ,3 3 7 1,0 10,7 15
+ 35 9,622 1,730 1,730

y F igu res h ere g iv e n are fo r three w eeks o n ly o f th e m on th in b oth
y ears; fo u rth w eek n o t y e t r e p o r te d .

ITEMS ABOUT BANKS, BANKERS AND TRUST CO.’S.
— The p u b lic sales o f ba n k stock s this w eek aggregate 120
shares, o f w h ich 75 shares were sold at a u ction and 45 shares
at the S tock E xch a n g e. Three shares o f sto ck o f the
N ation al B u tch ers’ & D r o v e r s ’ B ank were sold at 173. T his
was the first p u b lic sale o f the sto ck sin ce D ecem b er 1903,
w hen th e q u o ta tio n was 135. N o tran saction s in trust
com p a n y stock s have occu rred this w eek.
Shares. B A N K S — New York.

Low. High. Close. Last previous sale.

3 A m e rica , B a n k o f _________ 521
3 B u tch ers & D r o v e rs ’ B a n k ,
N a t i o n a l _________
173
550 C o m m e rce , N a t. B k . o f ___ 180

521

521

M ch .

1906— 503

173
182

173
180J4

D ec.
J u ly

1903— 135
1906— 180

B AN K S — New York.

Low. High Close. Last previous sale.

5 H a n o v e r N a t. B a n k _____ 4 9 8 M 4 9 8 K
25 Im p o r te r s ’ & T ra d ers’ N at.
B a n k __________________ 560
560
12 M ech an ics’ N a t. B a n k ,
, 265
266H
16 M erch an ts’ E x c h . N a t. B k . 170
170
1 M erch an ts’ N a t. B a n k ____ 163
163
5 N ew Y o r k , N . B . A ., B k . o f 301
301

498 M M ay
560
265
170
163
301

1906— 500

Jan.
1906—
Feb.
1906—
M arch 1905—
A pril
1906—
J u ly
1906—

590

278%
175
168 'A
308

5 O f this am ou n t 45 shares w ere sold at the S to c k E x ch a n g e.

— A t a m eeting held at E a ston , M d ., on the 2nd in st. b y
representatives o f nearly e v ery b a n k in g in stitu tion in the
cou nties o f C arolin e, K e n t, D orch ester, Queen A n n e’s and
T a lb o t, resolutions were a d op ted in w h ich it is agreed that
the interest on savings d ep osits in an y o f the banks repre­
sented shall n o t exceed 3 % per annum . It is fu rth er stip lated th a t banks in the agreem ent n ow p ayin g 4 % shall re­
d u ce the rate to 3 % b y Jan. 1 1907. T he in terest is to be
carried forw ard tw ice a year and no m on ey is to draw in ter­
est unless it has been on d ep osit fou r m onths.
— T he action o f the Newr Y o rk Clearing H ouse last week in
unanim ously a d m ittin g to full m em bership privileges the
State B a n k — a n oted E ast Side in stitu tion at 376-378 Grand
Street— has a ttra cted m u ch a tten tion in and ou t o f banking
circles. T his is the first tim e in the last seven years that
the Clearing H ouse has given adm ittan ce to an outside
in stitu tion , and the step is significant because the ap p lican t
ba n k will b e required (a ccord in g to a definite agreem ent) to
m aintain a 2 5 % reserve in cash and also to keep 1 5 % m ore
o f its resources in qu ick assets, like call loan s, &c. T he State
law p rovid es for on ly a 1 5 % cash reserve. In order to c o m ­
p ly at on ce w ith the Clearing H ou se’s stringent requirem ents,
the stockh olders o f the State B ank w ill m eet on the 26th
in st., w hen the capital stock is to b e increased from $100,000
to $1,000,000. T he officials o f the in stitu tion p rop ose to
p a y up the additional capital stock b y declaring a 9 0 0 %
d ividen d o u t o f its $500,000 surplus and $850,000 u n d iv id ed
profits, b o th earned. It has also been decided to en­
large the ex ecu tiv e staff b y app oin ting W alter L . B u rck ett as S econ d V ice-P residen t. Mr. B u rck ett has had a
th orou gh training in the ba n k in g business, h avin g been
con n ected w ith the F ourth N ational B ank o f this city for
the past 34 years. H e entered the service o f the ban k as
messenger and steadily a d v a n ced u ntil he becam e Chief
Clerk, w hich p o st he has h eld for a num ber o f years. T he
past few years Mr. B u rck ett has m ade a n u m ber o f v e ry suc­
cessful trips for the ban k and has also represented the
“ F ou rth ” at the variou s b an k ers’ con ven tion s. H e takes
up his new duties on M on day n ext.
T he State B ank com m en ced business July 10 1890,
sixteen years ago this w eek.
F rom Jan. 1894 to J u ly
1906 its deposits have grow n from $470,426 to $15,083,000.
T he b a n k ’ s record o f d ividen d p a ym en ts has been strikin g,
it p a yin g 6 % for the years 1896 and 1897, 8 % in 1898, 1 3 %
in 1899, 2 0 % in 1900, 1901, 1902 and 1903, 5 0 % in 1904
and 7 5 % in 1905, and also 5 0 % for the past six m o n th s.
W o rk has been com m en ced on the N orfolk Street side o f the
in stitu tion ’s new ban k bu ildin g, and when com p leted con ­
stru ction on the G rand Street side w ill begin . T he plans
p rov id e for a handsom e m od ern granite b u ild in g, three
stories and b a sem en t, to b e finished in a year. The State
B ank is a u n iq u e exa m p le o f an E ast Side institution w hich
has been b u ilt up w ithin a few years in the m idst o f New
Y o r k ’s fam ous Jewish quarter am on g people o f small m eans,
a n d w hich caters entirely to them there and at three other
bran ch es in Greater N ew Y o r k where this progressive race
has gathered. T he b ran ch offices are, in the B row nsville
d istrict, corner Pitkin and Stone avenues, B rook lyn ; corner
G raham A ven u e and V aret S treet, W illiam sbu rg, and F ifth
A ven u e, corner 115th Street, M anhattan.
O scar L . R ich ard
has acted as President since the organ ization o f the ba n k .
A rnold K o h n , V ice-P resid en t, com m en ced in 1892; A lbert
I. V oorhis, Cashier, in 1S93, and J oh n Ivneisel, A ssistant
Cashier, in 1894.
— The Van N orden T rust C om p a n y o f this c ity has recen tly
jo in e d G roup V I I I . o f the New Y o r k S tate B ankers’ A ssocia­
tio n , b ein g the first trust co m p a n y in M anhattan to b e ad­
m itted to the privileges o f the State A ssocia tion . T he on ly
oth er trust com p a n y w h ich is a m em ber o f th e A ssociation is
the Flatbush T rust C om p an y o f B ro o k ly n . T he V an N or­
den T rust C om pany join ed under the follow in g resolu tion ,

J u l y 14 lSi<L]

THE CHRONICLE.

71

which was ad op ted at a recent m eeting o f the E xecu tive
Com m ittee of G roup V I I I .:

will in all prob a b ility be elected President o f the Association
next year, is the son o f the late George W illiam Warren,
" R e s o lv e d — That this com m ittee recom m ends that any trust com p a n y
Professor o f C olum bia U n iversity, and has been connected
located w ithin the territory o f this grou p w h ich m akes its clearances
with the L incoln National Bank o f New York since its or­
through the N ew Y o r k Clearing H ouse A ssociation shall be eligible for
ganization nearly a quarter o f a century ago. Mr. Warren
m em bership in the New Y o rk S tate B an kers' A sso cia tio n ."
— During the past six m onths the Central Trust Com pany has always taken a very active interest in the Association
o f this city has kept up its record o f business expansion, as w ork and is well known in m ilitary circles as a veteran of
may be seen by glancing a t the June 30th statem ent. On the 7th and 12th regim ents and ex-M a jor and Ordnance
this date deposits in trust and dem and reached $66,572,- Officer on the staff o f Brigadier-General George Moore Smith,
493 27, which contrasts with $58,329,316 Jan. 2 1906, National Guard. He is Treasurer and d irector o f the Erie
$46,674,567 Jan. 2 1905 and $33,730,868 Jan. 2 1904.
In & K alam azoo R ailroad Co. and a m em ber o f many New York
the three and a half years total resources have increased clubs and societies.
— A special meeting o f the stockholders of the Lincoln
from $47,339,016 to $83,004,867 52. In the m atter o f
reserve this institution had on June 30 $3,000,000 cash in Trust Com pany of this city will be held on the 27th inst.
vault and also $7,371,706 on hand and in banks. W ith to act on the p roposition , alluded to June 23, to increase
$1,000,000 capital, the net profits are $15,214,975. Its the capital from $500,000 to $1,000,000.
E xecutive Com m ittee is com posed as follow s: F. P. O lcott,
Chairman of the Board of Trustees; J. N. W allace, Presi­
dent; Charles Lanier, John S. K en n ed y, Cornelius N. Bliss,
Adrian Iselin Jr., A . D. Juilliard, Samuel T horne, James
N. Jarvie and W illiam A. R ead.

— The Colonial Trust C om pany, 222 B roadw ay, o f which
John E. Borne is President, reports for June 30 deposits
of $26,743,536, fa vora b ly com paring with $23,610,789
only six m onths ago, while surplus and undivided profits
advanced to $1,932,894 (not including the July dividend,
— The Mercantile National Bank of the City o f New Y o r k $60,000), contrasting with $1,824,023 Jan. 1 1906. The
announces its rem oval from 191 B roadw ay to its new banking institution carries $6,282,715 in vaults and banks, about
offices in the W estern U nion B uilding, 195 B roadw ay, 2 5 % of deposits. T otal assets are now $29,861,776 23.
corner Dey Street. The institution was organized Jan. 4 The official personnel also includes: Richard Delafield,
1850 as the Mercantile B ank, and com m enced business on Cord Meyer, James W . Tappin and Philip S. B a b cock , Vicethe southeast corner Maiden Lane and B roadw ay with a Presidents; Arpacl S. Grossman, Treasurer; E dm und L.
capital stock of $200,000. T h e b a n k ’s new hom e is spa­ Ju dson, Secretary, and Joseph N. B a b cock , Trust Officer.
ciously appointed for the tran saction of business. The
— T he C itizens’ Trust C om pany o f B rooklyn B orough,
officers' room s are on the B roadw ay end of the bank; the since its opening less than nine m onths ago (N ov . 20), has
banking room is situated along the D ey Street side, covering been steadily expanding its business, and on July 1 was able
the entire floor of the W estern U nion Building and the a d ­ to report deposits o f $1,525,000, as against $1,380,000 on
joining annex as well. Dark m ahogany, white marble and May 1, $1,263,000 on March 1 and $954,000 on Jan. 1. The
heavy bronze used for interior decorations give the banking com pany has a capital o f $500,000 and surplus and u n d i­
room a rich and substantial effect. Its President, Frederick vided profits o f $145,000. Nathan S. Jonas is P resident,
B . S ch enck, has been connected with the institution tw enty- Thom as F. Magner and Julius Strauss V ice-Presidents,
six years, and James V . L o tt, Cashier, and Em il K lein, James H . C onroy Secretary and Charles M. M ott Assistant
Assistant Cashier, have each been tw enty-five years in the Secretary.
service. Miles M. O 'B rien , First Vice-President, is also
— The Mt. Vernon Trust C om pany o f Mt. V ernon, N. Y .,
President of the New A m sterdam National Bank of this
has increased its quarterly d ividen d , payable Aug. 15, from
city. A t the last treasury report, June IS, the Mercantile
1% to 1 ^ 2 % . The com pan y earned, we are in form ed, at
National Bank had $3,000,000 cap ital, $3,000,000 surplus,
the rate o f 2 0 % on its capital stock o f $200,000 in the last
S1.62S.419 undivided profits, $21,512,170 deposits, and
six m onths.
total resources of $31,450,163.
— The stockholders o f the New Y o rk State National Bank
— The recent semi-annual statement for June 30 issued b y
o f A lban y, N. Y . , on Tuesday the 10th inst. ratified the p rop ­
the United States Trust Com pany of this city , Edw ard
osition to increase the capital from $250,000 to $500,000.
W . Sheldon, President, shows deposits in trust am ounting
As stated several weeks a g o , the stock will be sold at $200 per
to $55,343,606 29
The latter com pares with $48,212,315
on May 16, the last quarterly report made to the Banking $100 share to stockholders o f record July 9, and will be issued
Aug. 1.
Departm ent, while the co m p a n y ’s total resources have
— Charles L. P ruyn, a director o f the Union T rust Co. of
likewise increased from $63,707,181 40 to their present
proportions, $70,918,857 64. In addition to $2,000,000 A lbany and the New Y ork State National Bank of A lban y,
capital, its surplus and undivided profits for June 30 were and brother o f R ob ert C. Pruyn o f the N ational Com m ercial
$12,510,615, excluding $500,000 charged to profit and loss Bank o f that c ity , died on the 7th inst. Mr. Pruyn was
for the July 2d dividend. D . W illis James is Vice-President, President o f the A lban y E m bossing C om pany.
W illiam M. Kingsley Second V ice-President and Louis G.
— The past year seems to have been a very prosperous one
Ham pton Assistant Secretary. John A. Stew art is Chair­ for the U tica Trust & D eposit C om pany o f U tica, N. Y . A g­
man of the Board of Trustees.
gregate resources are now reported at (July 1 1906) $5,608.— On the final day o f the New Y ork State Bankers’ Asso­
cia tion ’s annual convention at Bluff P oin t last week, the
follow ing officers were elected for the ensuing year: President ,
E lliott C. M cD ougal, President o f the Bank o f Buffalo; V icePresident, Charles E lliot W arren. Cashier o f the L incoln
National Bank o f New Y ork City; Secretary, E. O. E ldredge,
Cashier of the New A m sterdam N ational B a n k , New Y ork
City; Treasurer. Hiram R . Sm ith, President o f the Bank of
R ockville Center, L. I. Addresses were made at F rid a y’s
closing session b y Festus J. W ade, President o f the Mercan­
tile Trust Co. of St. L ouis, speaking on “ W h a t Causes Fluc­
tuation in M oney R a tes,” and R obert J. L ow ry, President
o f the L ow ry National Bank o f Atlanta, G a ., discoursing on
the S outh’s progress and possibilities. The speech of R obert
B. Arm strong, President o f the Casualty Co. o f A m erica, was
one of the convention features. David Cromwell of W hite
Plains was again placed in nom ination for Treasurer, b u t,
having served three term s, he withdrew. As President,
Mr. McDougal will succeed Alfred H. Curtis, who is taking
a leading part in the. enactm ent o f currency reform legisla­
tion. The V ice-President-elect, Charles Elliot W arren, who

936, as against $4,484,492 on July 1 1905. In the meantime
the com p an y has paid $132,632 in interest to depositors.
James S. Sherman is President and J. Francis D ay Secretary.
— John A. Gale, form erly President o f the Beacon Trust
Com pany o f Boston , is interested in the form ation of a Na­
tional bank in E verett, Mass., to be known as the E verett
National and to have a capital of $100,000.
— The stockholders of the Central National Bank of Boston
have been asked to m eet on August 7 for the purpose of
determining whether the receiver shall be continued to wind
up the affairs o f the bank or whether an agent shall be
elected for the purpose. W ithou t any assessment upon the
stockholders the receiver has returned to the depositors
since the ba n k ’s failure in N ovem ber 1902 the full 100% —
the final 10% (with interest to May 15) having been recently
distributed.
— Controlling interest in the W innisimmet National Bank
of Chelsea, Mass., is said to have passed from Judge Albert
I). Bosson to George W . Moses of East B oston, and William
A. Gaston of B oston. Mr. Moses has been elected President

72

THE CHRONICLE

of the ban k, succeeding A. L. T horndike, resigned.
Messrs. B osson and T horndike continue as directors.

[Yoi* i»xxxiai.

B oth

on property adjoining, it is now the purpose, it is under­
stood , to erect a sixteen-story office structure in which
— The directors o f the Franklin National Bank of F rank lin , quarters for the bank will be provided.
M ass., have elected Edw ard H . Itathbun President to suc­
— The G erm an-Am erican Trust C om pany o f Indianapolis
ceed the late Edgar K . R a y . A delbert D . Thayer has been has been incorporated with a capital o f $300,000. The
chosen to replace Mr. R ath bun as Vice-President.
com pany is an outgrow th o f the A. Metzger A gen cy, w hich
— The statem ent o f the Girard National Bank o f Philadel­ has conducted a general real estate and insurance business.
phia issued under the last C om ptroller’s call (June 18 1906) As a trust com pany the institution will add savings and
shows that deposits have reached the sum of .132,466,244, trust departm ents to its other features, and will com m ence
as against $28,954,200 reported for April 6 1906; aggregate operations on August 1 in the quarters o f the A genc 3r at the
resources n ow , at $39,119,204, com pare with $35,599,317 northwest corner o f P ennsylvania and Market streets. The
in A pril. The President is Francis 13. R eeves; V ice-Presi­ officers will be A lbert E . M etzger, President; Gustav A.
dents, R ichard L . Austin and T h co. E . W iedersheim , and Schnull and Henry C. A tkins, Vice-Presidents; Arm in
B ohn, Third V ice-P resident and Treasurer; W illiam J.
Cashier, Joseph W ayne Jr.
K asberg, Secretary; and Frank E. Gates, Assistant Secre­
— Officers for the new Federal Trust Com pany o f P hila­
tary.
delphia, m entioned in this departm ent Feb. 17, were elected
— The State Bank o f Chicago has increased its surplus
on the 5th inst. Oliver P. W aldron has been chosen Presi­
fund to $700,000, having transferred $100,000 to that item
den t, James W alker V ice-P resident, W ilson T . Berger Secre­
tary and Treasurer and E dgar K . B lcloch Title and Trust from u n divided profits.
Officer. The com p an y has purchased and is rem odeling
— The prospective N orth A venue State Bank o f Chicago
the property at the northw est corner o f B road and Federal has awarded the con tract for its new building at the north­
streets, where it expects to open n ext m onth. The capital west corner o f North A venue and Larrabee Street to the
o f the institution is $200,000.
George A. Fuller C om pany. Arrangem ents have been made
— Bids were opened on the 6th inst b y the Board o f Public b y w hich work on the building will be pushed as rapidly as
W orks for the sale o f 1,054 shares o f stock o f the E aston possible and it is expected that the bank will open for bu si­
(M d .) National Bank, ow ned b y the State o f M aryland, bu t ness Sept. 1.
none was accepted. I t was made known before the opening
— John S. G ray, President o f the Germ an-Am erican Bank
o f the bids that this course would be follow ed, and at the o f D etroit, M ich ., died on the 7th inst.
conclusion of the exam ination o f the proposals it was stated
— The enlarged capital o f $500,000 o f the Marine National
that th§ stock m ay have to be advertised again, as the shares Bank o f M ilwaukee, authorized b y the stockholders last
are held in trust for the educational fund and the words January, becam e operative on the 2d inst. The capital was
“ in tru st” were om itted from the advertisem ent. The high­ increased b y $200,000, and the additional stock was dis­
est b id , $55 25 per share, was reecived from the International posed o f at $175 per share o f $100, thus brin gin g the surplus
and undivided profits up to $385,000.
Trust C om pany. The bank has a capital o f $200,000.
— The paym ent o f a dividend o f 2 5 % to the creditors o f
— The organization o f a new ban k, under the name o f the
the Franklin C ounty Bank o f Colum bus, O hio, has been M erchants’ & M anufacturers’ is in progress in Mihvaukee.
authorized. T his, it is stated, is the third d iv id en d fto be The proposed bank was a dm itted to m em bership in the
p aid , and makes a total o f 5 5 % distributed. The ban k, a Milwaukee Clearing House A ssociation on the 6th inst, and
private in stitu tion, suspended in July 1905.
is to open as soon as its quarters in the Plankinton Building
— The Capitol Savings & Trust Com pany o f Colum bus, are available for business. The capital is $100,000, in shares
O h io, which since its opening in May 1905 has been occu p yin g o f $100 each.
tem porary quarters in the Harrison B uilding, rem oved on
the 2nd inst to its banking room s in the building erected b y it
on E ast B road Street. State A ud itor W . D. Guilbert is
President o f the com pany and A lexander M ackenzie is Secre­
ta ry and Treasurer.

— A dividend of 10% will be paid on A ugust 1 to the credi­
tors o f the Capitol N ational Bank o f G uthrie, Okla. This,
the third dividen d , represents a total o f 4 5 % declared since
the suspension o f the bank in April 1904. Charles T . Cherry
is the receiver.

— The P eop le’s Bank & Savings C om pany, the new Cin­
cinnati financial in stitu tion , opened for business on M onday
the 9th inst. at Fifth and E lm streets. It operates com m er­
cial and savings departm ents and is managed b y Alfred M.
Cohen, President; Theodore K otzin and Leslie V. Marks,
Vice-Presidents; A lbert B. E ggers, Secretary, and R ob ert
W . Bosse, Cashier. The capital is $200,000.

— The Colorado Bankers’ A ssociation , at its annual m eet­
ing on the 6th and 7th inst at Glenwmod Springs, adopted a
resolution favoring a revision o f the present banking lawT of
s
the State. A law providing for a State bank exam iner is
especially desired. The new officers o f the association are
President, C. C. H em m ing, V ice-President o f the El Paso
National Bank o f Colorado Springs; V ice-P resident, F. B.
G ibson, Vice-President o f the International Trust Com pany
o f Denver; Treasurer, A lva A dam s, President o f the Pueblo
Savings Bank; and Secretary, A . A . R eed, President of the
M ercantile Bank & Trust C om pany o f Boulder.

— A. J. Fischer will retire on A ug. 1 as Assistant Manager
o f the bon d departm ent o f the U nion Savings Bank & Trust
C om pany of Cincinnati to becom e associated with the Cin­
cinnati banking house o f W eil, R oth & Co. as office manager.

— Assignee H. M. B eatty o f the W estern Bank of Denver
has received permission to p a y to the b a n k ’s creditors a
dividend o f 1 0 % . This makes 5 0 % received b y the credi­
tors, a 4 0 % dividend having been paid last D ecem ber. The
institution closed its doors last August.
— The directors o f the Toledo Savings Bank & Trust Com ­
— E dm und P. N oble, President of the Globe Bank & Trust
pany of T oled o, O h io, on the 5th inst. elected C. L . R eynolds
President to succeed John J. Barker, and also elected T . J. Com pany of Paducah, K y ., died on the 10th inst. He was
M cDonnell Vice-President as successor to Thom as Vanstone. sixty years of age.

— George A . W eber has tendered his resignation as
Cashier o f the Ohio Savings B ank & Trust Co. o f T oled o, to
take effect A ug. 15. Mr. W eber is to becom e Secretary and
Treasurer of the M. I. W ilco x Co.

It is stated that Messrs. Barker and Vanstone will retain
their connection with the in stitu tion , although th ey will
n ot be. active in its m anagement. The com pan y is to re­
m ove in the autumn to the building purchased b y it more
than a year ago at Jefferson Avenue and Sum m it Street,
and now undergoing rem odeling.
— The Merchants’ National B ank of Indianapolis has
changed materially its plans for the new building which it is
to erect. Several m onths ago the bank started work on the
demolition of the building at Meridian and Pearl streets
with a view to putting up a structure for its exclusive use.
The bank's officers having since enlarged the site of the p ro­
posed building; through arrangements for a long term lease

— The E xchange N ational Bank o f M ontgom ery, A la .,
previously referred to in these colum ns, com m enced business
on the 5th inst with a capital o f $300,000 and a surplus of
$75,000. The new bank takes over the com m ercial business
o f the Union Bank A Trust C om pany, the latter now restrict­
ing itself to a savings bank and trust business. Michael Cody
is President o f both concerns.
— The Fourth National Bank of A tlan ta, G a., com pleted
its first decade on July 1. To showT its progress during the
ten years a com parative statem ent, contrasting the figures
o f Juty 1 1896 with those for the corresponding date o f the
present year, is published b y the institution. The surplus
and profits now , at $341,750, com pare with but $40,836 on

Ju

ly

I t KM )6.]

73

T H E C H R O N IC L E ,

the earlier date; deposits have grown from $484,759 to
$3,824,161, and total resources from $975,595 to $5,137,911.
The capital has been $400,000 from the start. The officers
of the bank are: James W . E nglish, President; W alker P .
Inman and John K . O ttle y , Vice-Presidents; Charles I . R ya n ,
Cashier; and W . T . Perkerson, Assistant Cashier.

D E B T S T A T E M E N T J U N E 30 1906.
The follow ing statem ents of the public debt and Treasury
cash holdings o f the United States arc made up from official
figures issued June 30 1906. F o r statement of M a y 31 1906
see issue of June 30 1906, page 1476; that of June 30 1905,
see J u ly 15 1905, page 191.
INTEREST-BEARING DEBT JUNE 30 1906.
A m o u n t ----------- A m ou n t Outstanding ------ —
Interest

Issu ed .

Registered.

C ou pon .

Total.

— Indictm ents have been returned b y the grand ju ry
T itle o f L o a n —
P a y a b le.
$
S
$
$
2s Consols of 1930 ........Q.—J. 595,942,350 588,302,500 7,579,850 595,942,350
against Dr. J. S. W alker, President, and W . Starling, Cashier, 3s Loan Of 1908-18____ Q. E. 198,792,660 33,435,020 30,510.440 03,915.100
4s' Funded loan, 1907. - -Q .—J . 740,933,000 84,177,800 32,577,350 116,755,150
of the defunct M erchants’ & Planters’ Bank o f G reenville, 4s’ Refund’s certiflcates.Q.— J. 40,012,750
--------------------26,280
Miss. The in d ictm en ts, it is sta ted , charge b oth with having K Loan of 1925________ Q.—F. 102,315,400 93,339.400 25.150,500 118,4X9.900
Aggregate lilt,.-Bearing D eb t.1,737,996,100 799,314,720 95,818,140 895,159,140
received m oney after the bank was know n to be in solvent,
N o te .— Denominations of bonds are:
Of $10 only refunding certificates: of S20, loan of 1908, coupon and registered
and the further charge o f forgery is said to be made against
Of $50 all issues except 3s of 1908: of $100, all issues.
Of $500 all except 5s of 1904 coupon; of $1,000. all issues.
the Cashier. The bank assigned in June 1905.
Of S5 000 all registered 2s, 3s and 4s; of $10,000 all registered bonds.
— A dividend of $100 per share has been declared in fa v o r
of the stockholders o f the Security Bank & Trust C om pany
of New O leans, now merged with Die Germ an-Am erican
N ational Bank.
— H ou ston ’s newest ban k, the N ational C ity, com m enced
business on the 2d inst. The capital is $250,000, and the
officers are J. M. W est, President; E dgar W atkin s and Jeff
N . Miller, Vice-Presidents; Carey Shaw, Cashier; and J. J.
S ch oll Jr., Assistant Cashier.

Of $20,000, registered 4s, loan of 1907; of $50,000, registered 2s of 1930
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY
M a y 31
J u n e 30
Funded loan of 1891, continued at 2% , called May 18
1900, interest ceased August 18 1900_______________
$40,20000
$40,20000
Funded loan of 1891, matured September 2 1891----20,000 00
20,00000
Loan of 1904, matured February 2 1904______________
131,10000
124,70000
Old debt matured prior to Jan. 1 1801 and later___
937,145 20
936,63526
Debt on which interest has ceased_______________ $1,135,045 26 81,128,135 26
DEBT BEARING NO INTEREST.
United States notes--------------- ----------- ------------------------ --------------.$346,681,016 00
Old demand notes______________________________________________
53,282 60
National bank notes—redemption account.----------------------------------- 42,635,639 00
Fractional currency, less $S,375,934 estimated as lost or destroyed- 6,865,757 28
Aggregate debt bearing no interest.
RECAPITULATION.

.$396,235,694 78

Increase ( + )
— The Bankers’ and Lum berm en’s Bank o f P ortland,
or D ecrease (—)
C lassification o f D ebt —
J u n e 30 1906.
M a y 31 19Q6.
—$10 00
$895,159,15000
O regon, w hich was organized on A pril 26, and began business Interest-bearing debt______ $895,159,140 00
— 6,910 00
Debt, interest ceased______
1,128,135 26
1,135,04526
+ 189,821 20
390,045,87358
on May 28, reports deposits o f $225,000. The bank has an Debt bearing no interest__ 396,235,694 78
Total gross d e b t ________ $1,292,522,970 04 $1,292,340,068 84
+$182,901 20
authorized capital o f $250,000; on July 5 there had been
Cash balance in Treasury.a.
328,087,283 25
310,385,370 00 + 17,701,907 25
paid in $138,200, and considerably m ore is expected to be
Total net d eb t__________ $964,435,086 79 $981,954,692 84 — $17,519,006 05
paid in w ith in the next th irty days. The stock was sold at
a Including $150,000,000 reserve fund.
par— $100. The m anagem ent consists of D . C. P elton,
The foregoing figures show a gross debt on June 30 1906
President; Fred. H . R oth ch ild and John A . K ea tin g, Vice- of $1,292,522,970 04 and a net debt (gross debt less net cash
Presidents; E . C. Mears, Cashier, and H . D . S tory, Assistant in the Treasury) o f $964,435,686 79.
Cashier. A little pam phlet, entitled “ Banking b y M ail,”
T R E A S U R Y CASH A N D D E M A N D L I A B I L I T I E S .—
is issued b y the in stitu tion. The bank pays 3 % interest, The cash holdings o f the Governm ent as the item s stood
June 30 are set ou t in the follow ing:
com pounded sem i-annually, on savings accounts.

— The stockholders o f the U nion Bank o f Canada (head
office, Quebec) held their forty-first annual m eeting on June
18. In its statem ent for the fiscal year ending May 31 1906,
the bank reported net profits (after deducting expenses o f
m anagem ent, interest due depositors and m aking provision
for bad and dou btfu l debts and for rebate on bills under
discount) o f $452,930; this, w ith the balance o f $74,514 to
the credit o f profit and loss May 31 1905, and the prem ium
of S200,000 received on 5,000 shares o f new capital (issued
during the year at $140 per share) gave a tota l o f $727,444.
Out of th is,'$199,89 7 ^ ^ 3 distributed in dividends $400,000
was transferred to the R est accou nt and $100,000 was
w ritten off bank prem ises, leaving a balanee o f $27,547 to
be carried forw ard. The bank has a capital o f $3,000,000
and the R est accou nt now stands at $1,500,000. The ad­
visability o f paying dividends quarterly instead o f sem i­
annually as heretofore was considered at the m eeting, bu t
it was unanim ously voted that the practice o f paying halfyearly dividends be continued. A ndrew T hom son is Presi­
dent, H on. John Sharpies, V ice-P resident and G. H . B alfour,
General Manager.
— The statem ent for the tw elve m onths ending M ay 31
1906, presented at the annual general m eeting o f the stock ­
holders o f the Traders’ Bank o f Canada (head office, T o ro n to )
on June 19 showed net profits o f 8396,232, or at the rate o f
13.21% on the capital, as against 11.3 4 % the previous year.
A dding the $35,159 balance at credit o f profit and loss on
May 31 1905, the bank had a total o f $431,391, w hich was
appropriated as follow s: $209,992 in dividend paym ents;
$5,000 transferred to the Officers’ Guarantee Fund, and
$5,000 to the Officers’ Pension Fund; and $150,000 trans­
ferred to R est accou n t, leaving to be credited to profit and
loss a balance o f $61,399. A t a m eeting in April the stock ­
holders gave authority to increase the capital from $3,000,000
to $5,000,000. and the new stock was allotted on May 21
at a premium of 4 0 % . During the year nineteen new branch­
es were opened b y the bank. On May 31 1906 its deposits
were $20,490,872, this com paring with $15,809,740 on the
same date in 1905 and 813,311,296 in 1904. The total
assets are now $27,973,446. The bank last year com m enced
the erection of a new bu ildin g at Y onge and Melinda streets,
which is now nearing com pletion . C. D. Warren is Presi­
dent and H. S. Strathy, General Manager.

ASSETS.
LIABILITIES.
T ru st F u n d H old in gs —
$
T rust F u n d L iabilities —
$
Gold coin_____________ 559,779,809 00 Gold certificates......... - 569,779,869 00
Silver dollars__________ 477,473.000 00 Silver certificates--------- 477,473,000 00
Silver dollars of 18 90...
7,386,000 00 Treasury notes of 1890- 7,386,000 00
Total trust fund_____1,044,638,809 00
Total trust liabilities. 1,044,638,869
G en era lF u n d H old in gs —
G e n . F u n d Liabilities—
Gold coin and bullion_
_
92,734,343 38 National Bank 5% fund.
21,190,465
Gold certificates_______
41,686,900 00 Outstanding checks and
Silver certificates______
5,508,403 00
drafts _____________
7.890,156
Silver dollars__________
6,318,528 00 Disbursing officers’ bal­
Silver bullion__________
1,363,381 22
ances ______________
55,934,636
United States notes___
10,279,562 00 Post Office Department
Treasury notes of 189047,40200 accoun t...................
11,504,431
National bank notes___
12,228.752 00 Miscellaneous items___
2,112,276
Fractional silver coin_
_
6,596,919 36
Fractional currency___
154 10 Total general liabilities.
98,631 967
Mimr coin____________
1,348,465 10
Bonds and interest paid.
39,55610

00
96
86
45
09
92
28

Tot. in Sub-Treasuries 178,152,366 40
1 1Nat. Bank Depositaries—
Credit Treasurer of U .S 84,736,336 43
Credit U. S. dis. officers.
9.249,900 16

. . . •
Cs
Total in banks_______
93,986.236 59
In Treas. of Philippine Islands—
Credit Treasurer of U .S .
2,029,728 83 I Cash B alance and Reserve —
Credit U. S. dis. officers.
2,550.918 65 (Total cash and reserve.. 328,087,283 25
( Made up of—
Total in Philippines. 4,580,647 48 IAvailable............. 178,087,283
25'
and
Id,
R eserve F u n d H oldings—
Reserve Fund—
in
Gold coin and bullion_
_ 150,000,000 00
Grand total................ 1,471,358.119 53

j&tonctavBl C omm

I

Gold and bullion.

150,000,000

00

Grand total..... 1,471,358,119

53

[F rom our ow n C orrespon den t.]

L on don , Satu rda y, June 30 1906.
As the week draws to a close, there is a som ew hat better
feeling in the city , although it is n ot very much reflected
in Stock E xchange quotations. The better feeling comes
chiefly from Paris. Up to W ednesday night Paris was ex­
ceedingly anxious. It feared that the influence o f General
T repoff was so great over the Czar that it would lead him to
do som ething which would result in a general uprising. On
Thursday there was a change o f feeling, and there is a strong
hope in Paris now that the influence of General Trepoff has
been greatly weakened. W hether Paris is well or ill in­
form ed, it is im possible to say. B ut in the best quarters in
Paris— quarters which ou ght, at all events, to have good in­
form ation— it is very strongly believed that before long
General T repoff will Vic dism issed. It is hardly hoped that a
Ministry will be form ed from the D um a, but it is thought
that some m em bers o f the Dum a will be invited to join a re­
constructed Cabinet. W hether that will satisfy either the
Duma or the pu blic remains to be seen. But in Pari sTfhe
news, if it is news, is greatly w elcom ed, and the feelm g'thrrc
is more hopeful than it has been for a month or six weeks.

74

THE CHRONICLE.

fVO fc. M U O £*I.

Some attempts have been made in Paris this week and last
The rates for money have been as follows:
week to sell blocks of American railway bonds. Those who
JU7l€ 29
June 2 2 .
June 8 .
June 15.
B an k o f E n glan d r a te ________
3%
3%
4
4
made the attempts evidently thought that because a syndi­ Open M arket rates—
B a n k bills— 3 m o n th s ____ 3 3 - 1 6 3 3 %
3 - lG @ 3 %
3%
3 % @ 3 7cate had made a loan to the Pennsylvania Railroad Company,
— 4 m o n th s------- 3 3-16fcf3%
3%
3%
3% 03%
— 6 m o n th s_____3 3 - 1 6 @ 3 %
3%
3 % < ft3 %
3%
therefore Paris was prepared to buy blocks of bonds. That,
T ra d e bills— 3 m o n th s_____
3%
3%
3% @4
3 % (S 3 %
— 4 m o n th s______ 3 % @ 3 %
3% @3%
3% @ 4
3% <§3%
however, is a mistake. The syndicate no doubt is prepared Inleresl allowed Jor deposits—
B y Join t-stock b a n k s_____
2
2
2%
2%
to negotiate with other prominent companies, like the Penn­
B y d iscou n t houses:
A t c a l!___________
2%
2%
2%
3
sylvania, which want loans, and the syndicate then will issue
7 to 14 d a y s ................... ..
2%
2%
3
3%
the bonds in Paris and get a quotation for them. But the
The Bank rates of discount and open market rates at the
syndicate is not ready to buy blocks of bonds, even of very chief Continental cities have been as follows:
June 30.
June 2 3 .
June 16.
June 9 .
good bonds, which have not hitherto been dealt in in Paris
Rales oj
Hank
Open Rank
Open Rank
Open Bank
Open
Interest at—
Rate. .Market. Rate. . arket. Rate. Market. Rale. M arket .
M
and have no quotation there. Probably it will be possible
P aris . _
... 3
2%
2%
3
3
2%
3
2%
after a time to sell bonds in blocks. But the French invest­ B e r lin _____________
3%
3%
4%
4%
3%
4%
3%
H am bu rg
4%
4%
3%
3%
4%
4%
3%
3%
F ra n k fort _ _ ____ . . .
4%
4 % 4 1-16
ing public is not educated up to that yet.
4 % 3 11-16
3%
4 % 3 9-10
A m s t e r d a m _____
4
4%
3%
4%
3%
3%
4%
' Those who attempted to sell in Paris have been attempting B russels _________ - - - 4 % 3 %
3%
3%
--3%
3%
3%
3%
3%
V ienn a __________ . . .
4
4
4
3%
3%
4
3%
3%
n om .
to sell in London during the past few days. But London is S t. P etersb u rg____
6% n o m .
6%
7% n o m .
7 % n om .
M adrid __________ . . .
4%
4
4%
4
4%
4
4%
4
so depressed that we believe they have not met with very C openhagen _____ . . . 5
4%
4%
5
5
5
4%
4%
great success. The American market, the mining market,
Messrs. Pixley & Abell write as follows under date of
the market for consols and other high-class securities are all June 28:
OL
has been
y er
arrivals h a
been taken partly
weak. There is an anxious feeling in the city. People ask: lorGth atDc.— P aris ch iefly for a buB a n kth is Eweek an d here £ 5 5 8 ,0v e has been r eceiv ed ,
ity , bu t
the
o f nglan d, w
00
How is it that all the markets are so lifeless? And therefore and £ 8 0 ,0 0 0 lost to S outh A m e r ic a . N e x t w eek ’s arrivals am ou n t to £ 8 7 3 .0 0 0 from
S outh A fr ic a . A rriv a ls— S in g ap ore, £ 3 ,0 0 0 : A u stralia, £ 2 4 1 ,0 0 0 : Cape, £ 3 8 4 ,0 0 0 :
very few people, even amongst those who have the command W est A fr ic a , £ 6 5 ,0 0 0 : to ta l, £ 6 9 3 ,0 0 0 . S h ip m en ts— B o m b a y , £ 6 0 ,5 0 0 : M adras,
£ 7 ,0 0 0 : tota l, £ 6 7 ,5 0 0 .
of large sums, are willing just now to engage in new enterprise
S I L V E R .— W ith little interest show n in the m ark et, the q u ota tion fell slow ly to
6 .. b u offerings were n
h v
th is p rice. T o
e dem
for
of any kind. The depressed and stagnant state of nearly all 30 l-1ard E ast,t we h a v e risen toot30 ea-1 y dat and the m arket -d a y , on esomstea d y andF o r ­
the F
3 6 .
closes v r y
.
ard con
e qu
% d.
sp t.
om b
s . 76
100
the departments of the Stock Exchange is due to a variety wola h s. tin u es to bSouthoted erica , under0 0 : oN ew BY o rk a y£ 2qu4otes R total % 2 per 000.
T
A rrivals—
Am
£ 8 .0
,
6 000:
£ 72
S h ip m en ts— B o m b a y , £ 3 0 7 ,5 0 0 : M adras, £ 2 ,5 0 0 : tota l, £ 3 1 0 ,0 0 0 .
of circumstances. First of all is the apprehension excited
M E X IC A N D O L L A R S .— N o transactions in these coin s h a v e been rep orted .
by the state of Russia. People remember that there are A rriv a ls— N ew Y o rk , £ 1 0 0 ,0 0 0 . S hipm en ts— B o m b a y , £ 2 6 ,3 0 0 .
hundreds of millions sterling of Russian securities held in
The quotations for bullion are reported as follows:
France, Germany and Holland; that the late loan for nearly
GOLD.
June 2 8 . June 21.
S IL V E R .
June 28. June 21.
Standard.
s.
s.
Standard.
d.
90 millions sterling has not yet been placed with investors; B aLondon fine, o z -------- 77 d. % 77 d. B'ar Londonfine, o z _______30 3-16 30 d.
r g old,
9
9
s ilver,
5-16
U . S . g o l d , o z --------------- 76 4J!
76 4 I " 2 m o . d e liv e r y , o z .2 9 15-16 30 1-16
and that therefore if there were to be serious trouble in Russia, G erm an g old c oin , O Z - - 76 4 % 76 4 |C ake silver, o z _________ 32 9 1-16 32 11-16
F ren ch g
o z ___ 76 4 %
76
n om .
nobody knows what might happen in Paris and Berlin. Japanese old c,oinz,_____ 76 4 % 76 44 IM exican d ollars______n om .
y en o
Consequently it is feared that the selling of high-class se­
The following shows the imports of cereal produce into
curities of all kinds has been, to some extent at all events, in the United Kingdom during the season to date compared
preparation for whatever may happen in Russia by persons with previous seasons:
IM P O R T S .
on the Continent who are deeply interested. Then, again,
weeks.
1904-05.
1903-04.
1902-03.
no doubt insurance companies, both home and foreign, have ImForty-threeh eat, c w t ______________ 1905-06.
p orts o f w
73,708 ,190 84 ,203 ,800 75,962,136 67,005,871
19,216,200
been selling in preparation for meeting their liabilities in B a rley _____________________________18,388,900 12,817,900 27,636,726 22,056,661
O a ts _________________________________ 12,275,300
12,624,494
12,208,916
________________________________
1,638,937
San Francisco. Lastly, the disclosures in the United States P eeaasn s ______________________________ 1,410.065 1,825.874 2,024,010
B
542,450
1,339,120
1,791,718
1,295,109
In d ia n c o r n _________________________ 37,494 ,200 33,609 ,700 38,975.467 32,214,850
and the threatened prosecutions all more or less disconcert F lou r ______________________________ 12,266.470
9,4 98.4 20 16,983.043
15,864,791
investors.
Supplies available for consumption (exclusive of stock
In spite of all, however, there is a somewhat better feeling on September 1):
as the week draws to a close, and certainly the general con­
1902-03.
1905-06.
1904-05.
1903-04.
dition is improving. Money, which a little while ago was W heat im fp orted , c w t ______________ 73,708 ,190 48,203,800 75,962,136 67,005.871
15.864,791
Im p orts o flou r_____________________12,260,470
9 ,4 98,4 20 16,983,043
very scarce and dear, is getting more plentiful. Trade is Sales o f h o m e -g ro w n _______________ 27,241 ,903 13,280,552 16,161.763 21.697,981
T ota l __________________________ 113,216,563
70,982 ,772 109,106,942 104,568.643
exceedingly good, and speculation on the Stock Exchange,
A vera
h eat, w e e k ________
31s. 7d.
26s. o d . 27s. 6 d .
except “ bear” speculation, has come to an end. In France A v era ge p rice wseason_____________ 30 s. 5 d ..
g e p rice,
28s. 7d
30s. 6d .
27s. 2d . 25s. lO d.
there is a vast accumulation of unemployed money, and in
The following shows the quantities of wheat, flour and
Germany, where money has been exceedingly scarce and
dear for nearly nine months, it is becoming easy. Specula­ maize afloat to the United Kingdom:
tion in Germany is almost as quiet as in London, and trade,
This week. Last week.
1904-05.
1903-04.
W h e a t _________________________ qrs_ 3 ,1 90,0 00
3,4 65.0 00
2,9 75.0 00
3,6 35.0 00
though still very good, is not quite so active as it was.
F lo u r
equal t o ______________ q r s .
220.000
250,000
115.000
195,000
815.000
1,045.000
At the end of the first half of the year there is always a M a i z e __________________________ q r s . 995,000 1,040,000
demand for banking accommodation. It has been felt this
week, but it has not been anything like as strong as a little
English Financial Markets— Per Cable.
while ago it was apprehended it would be. Things in fact
The daily closing quotations for securities, &e., at London
have been so stagnant throughout June that there is now
scarcely any account open upon the Stock Exchange, and as reported by cable have been as follows the past week:
generally the demand is less than it was. At the end of the B • . L o n d o n ,
Sat.
M on .
Tues.
W ed.
Thurs. F r i .
W e e e n n g J u l y 13.
first half of the year there is a certain demand likewise in S ilver,kperdoiz ----------------------d . . 30
29 15-16 30 1-16 30 %
30
30 3-16
30 %
87 9-16 8 7 %
87
87 15-16 87 15-16 87 13-16
Paris, and there is an exceedingly strong demand in Berlin. C onsols, new , 2 % P- c -----------87 %%
.87 11-16 8 7 %
88 1-16 88 1-16 87 15-16
- 87
F o r a c c o u n t------------------------87 %%
Early next month money will become plentiful and cheap all F ren ch R en tes fin P a r .)_ .fr _. 9 6 .9 2 % 96 .85 9 6 .8 7 % 9 6 .9 2 % 9 6 .9 2 % 9 6 .7 2 %
12%
12%
12%
- 12%
12%
A n a con
M
11%
over the Continent, and the best opinion in London is that b tch ison d a p e ining C o --------e 90%
90%
88%
90%
90%
89 %
A
T o k a & Santa F e 9 0 %
if nothing untoward happens in Russia the Bank of England
106
102%
.1 0 5 %
105%
103
105
P r e f e r r e d ...................
120%
120%
-1 2 0 %
120%
119%
119%
will reduce its rate of discount to 3% about the middle of B altim ore & O h io -------96
. 96
96
96
95
96
P referred __________
.164
164%
164%
164%
164%
164
July, always assuming that gold is not shipped to New York. C anadian P a c ific --------------------164
58 %
58
.
58
57
56%
i o ---------------5S%
The New York exchange upon London, however, is very C hesapeake & O hestern --------- 158 %
17%
17%
17%
17%
17
C hicago G reat W
7 '-'
- 17%
180
180%
180%
180%
ee &
P a 1179
9
178%
low, and if gold is taken rates will harden, and it is quite C h icag oM jh va u krandeScto mu. .ll742
42 %
41 %
41
40%
39%
D en ver & R io G
possible that the Bank rate even may be put up.
-8
87 %
87 %
86%
87%
86
P referred --------------------------866 %
42 %
42%
. 42
42 %
40
40%
m o n _________________ 4 2 %
The India Council offered for tender on Wednesday 40 lacs E rie, c o m referred -------80%
80%
. °n
80
81
80%
80%
F irst p
71
71
70
. 70%
of drafts, and the applications exceeded 344 lacs, at prices
70 %
68
S econ d p referred -----182%
.1 8 1 %
181
182
181%
179%
Illin ois C
ranging from Is. 3 31-32d. to Is. 4d. per rupee. Applicants L ou isv ille entral----------------------181%
147%
147
146%
144%
145%
& N a sh v ille -----------1 4 7 %
147
21
.
21
20%
20
for bills at Is. 4d. were allotted about 14% of the amounts M ex ican C entral--------------------2121
33%
33 %
33 %
33
33
M issouri K a n . <f: T e x ., c o m . . 34
applied for.
69
69
69
69
67%
P r e f e r r e d ------------------------ . 69
39
39
39
38 %
38 %
38%
N ation al R R o f M e x ic o --------. o9
.1 3 6 %
136%
137
136%
132%
134%
The following return shows the position of the Bank of N Y Central & H u d . R iv e r .1 3 6 %
. 49 %
49%
49
48
49
48%
Y O
s te n _ 49%
England, the Bank rate of discount, the price of consols, &c., N orfolk n tario & W, ecomrm.. n 89 %
90%
90%
90%
S 9%
89
N
& W estern
on
94
94
93^
94
94
94
P referred -------------------------. 94
compared with the last four years:
206
204
208
N orth ern Pacific.-------------------- 20S
190b

June. 2 7 .

£

C i r c u l a t i o n .- - ..........
P u b lic d e p o s it s .. . .
O th er d e p o sits-------G ov ern m 't securities
O ther se cu ritie s-----R eserv e, n otes& coin
C o in & b u ll.,b o th dep
P ro p , reserve to lia­
b ilitie s--------- p . c .
B a n k r a te ------- p . c .
C onsols, 2 % P- c —
S i l v e r ---------------------C lear.-h ou se returns

x June 18.

29,369,470
11,410,809
44,637,163
15,977,133
31,363,458
26,648,032
37,567,502

1905.

1904.

1903.

1902.

June 28.

June 14.

June 15.

June 17 .

30,131 ,730
14,455,952
44,687,510
16,171,319
33,395,041
25.545.S56
39,048,782

28,967.800
13,037,780
41,063,584
16,171,319
28,188,819
27,605,861
3S,117,S61

28,047 ,330
5,197,694
39,699,750
10,587,806
24,001 ,617
24,846,247
34,444 ,077

2 8 ,7 /1 .1 6 5
11,083,110
39 ,255 ,530
15,072.219
20,294 ,684
26,823,40S
37,419 ,573

£

£

£

£

51%
53 %
50 15-16
46 3-16
47 7-18
x3
x3
2%
2%
3%
90 3-16
91 %
907-3 90 13-16xd
88 %
25 7 -1 6d .
24% d.
26 15-16d.
29% d.
- 30 l - 1 6 d .
196,201,000 190,283,000 167,465,000 209,183,000 222,388,000

.
a P en n sy lv a n ia ---------------------- 65%
. 63
a R e a d i n g C o -------------------------63%%
- 47
a F irst p referred ----------------4 1 %
. 49
a S econd p referred ------------ 49
H
R o c k Island C o---------------------- 24 %
. 68
S outhern P a c ific ......................68
S outhern R a ilw a y , c o m m o n - 3 5 %
.
P referred -------------------------.1 0 2
102
U n ion P a cific, co m m o n --------.1 4 8 %
148%
- 97%
P referred ---------------. 36
U . S. Steel, c o m m o n ..
P referred -------------------------.1 0 5
105
W a b a sh ____________________ . 20
- 45 %
P referred __________
- 83
D eb en tu re B ’ s . ..........
a P rice per share.

6 £ sterlin g,

65%
63%
46
45

65 %
63
46
45

68
35 %
102%
148%
97 %
36%
105%
19%
46
83

67 %
35%
102%
148%
97%
36
10 4%
19%
47
80 %

c E x -d iv id e n d .

64 %
62%
47 %
49
24%
67%
35
102%
148%
97 %
35%
104%
20
46 %
82 %

64%
C61%
46
45
66%
34 %
102%
146

34 %
103%
20
46 %
81%

64%
60%
47 ?!
49
23 %
66 %
34 %
101
145%
97%
34 %
103%
19%
46
81

Ju

l y

THE

14 1 9 0 6 . ]

C o m m e r c ia l a n d p its c e U a u c o u s in e ttr s
FAILURES FOR SECOND QUARTER AND SINCE
JAN. 1.—The following figures, prepared from Messrs. R.
G. Dim & Co.'s statement, show the number of failures in
the United States and Canada during the quarter ending
June 30 1906, and for the six months ending with the same
date. For purposes of comparison like figures for the cor­
responding periods of the preceding year are given:
-1906----------

-1905----------

Amount of
No. of
Failures. Liabilities.

No. of A mount of
Failures . Liabilities.

Second Quarter.

75

C H R O N IC L E

Breadstuffs Figures Brought from Page 109.— The state
meats below 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 Aug. 1, for each of the last three years, have been:
Wheat.

Receipts at— | Flour.
C h ic a g o ____
M ilw au k ee..
D u luth _____
Minneapolis.
T o le d o _____
D etroit __ _
Cleveland_
_
St. Louis___
P e o r ia _____
Kansas City..

117,509
54,950
121,400

T o t. wk.06
Same w k. ’05
Same w k . '04

Oats.

C orn.

Barley,

j

R ye.

bush. 60 lbs. bush. 56 lbs. bush . 32 lbs. bush ASlbs. bu. 56 lbs.
109,000
2,977,171
1.148,296
186,900
6,000
110,200
47,520
139,700
173,600
12,800
7.701
237,448
291,326
42,528
946
59,060
1,096,530
398.370
250.940
15,030
16,000
43.500
79,400
5,500
19,897
75,843
57,538
3,240
62,300
94,435
204,796
306,445
330,755
9,100
4,000
130,900
13,500
346,500
22,000
•416,000
22,200
127,000
----- -

352,571
287.764
315,775

334
587
470
274
494
312
296

$2,419,726
7,978,751
3,768,925
2,333,625
5,747,683
1,547,742
1,945,628

$28,902,967

2,767

$25,742,0S0

235

$2,295,255

272

$1,648,066

1 9 0 5 -0 6 --. 19,302,331 215,573,095 184,805,916 214,846,985 74,671,403 7,517,305
1 9 0 4 -0 5 .-- 16,101,358 197,S95,324 182,148,490 156,270,191 04,55-,916 6,534,453
1 9 0 3 -0 4 --- 18,317,687 211,187,256 164,734,240 153,020,868 64,583,356 7,561,398

New England States______
71S
Middle States_____________ _-l,152
Southern States _ _____ __1,004
Southwestern States ____
565
Central Western States____ __1,043
Far Western States_______ _ - 662
Pacific States____
46S

$6,625,787
15.9S3,654
11,042,851
4,036,392
17,469,439
4,662,020
2,843,931

786
1,260
1,195
631
1,101
679
558

$6,249,732
17,779,564
8,848,610
4,589,023
10,871,585
4,268,460
3,297,611

Total receipts of flour and grain at the seaboard ports for
the week ended July 7 1906 follow:

Aggregate United States -.5,612

S62,664,074

6,210

$55,904,5S5

$5,214,975

629

$4,543,945

345
497
407
260
494
320
1ST

$3,239,005
7.573,589
3,961,191
1,499,325
9,309,989
2,195,846
1,124,022

Aggregate United States __2,510

New England States. _
__
__
Middle States
_______
Southern States_________
Southwestern States______ - _
Central Western States_
_ _Far Western States_____ __ _.
Pacific States______ _______

Dominion of Canada______

Six Months.

Dominion of Canada______

632

The record of failures in the United States by quarters for
the first six months of the last twenty years is as follows:
----- F ir s t
N o . of
F a ilu r e s .

Y ea rs—
1SS7__________ _________ 3,007
1888__________ _________ 2,948
1SS9__________ _________ 3,311
1S90__________ _________ 3,223
1S91__________ _________ 3,545
1892__________ _________ 3,384
1S93.. ________________ 3,202
1S94_________ _________ 4,304
1S95__________ _________ 3.S02
1S96__________ _________ 4,031
1S97__________ _________ 3,932
1898__________ _________ 3,687
1899__________ _________ 2,772
1900__________ _________ 2,894
1901__________
1902_._ _ ___ _________ 3,418
1903__________ _________ 3,200
1904__________ _________ 3,344
1905__________ _________ 3,443
1906__________ _________ 3 102

— S econ d
Quarter —
N o . of
A m o u n t of
F a ilu r e s.
L ia bilities.

Quarter ----A m o u n t of
L ia bilities.

$32,161,762
38,8S4,789
42,972,516
37,852,968
42,167,631
39.284,349
47,33S,300
64,137,333
47,813,683
57,425,135
48.007,911
32,946,565
27,152,031
33,022,573
31,703,486
33,731,758
34,344,433
48,066,721
30,162,505
33,761.107

1,905
2,241
2,292
2,162
2,529
2,119
3,199
2,735
2,855
2,995
2,889
3,031
2,081
2,438
2,424
2,747
2,428
2,870
2,767
2 510

$22,976,330
29.229,370
22,856,337
27,466,416
50,248,636
22,989,331
121,541,239
37,601,973
41,026,261
40,444,547
43,684,876
34,498,074
14,910,902
41,724,879
24,101,204
26,643,098
32,452,827
31,424,188
25,742,080
28.902,967

P er
Cent.

Railroads (Steam ).
Cornwall < L ebanon___________________
fe
3
Great Northern (q u a r.)_________________
m
Harrisburg Portsm . Mt. J o y & Lane___
334
Extra _______________________________
34
Hunt. & Broad T op Mt. R R . & Coal, p re f.
334
Nashville Chattanooga & S t. L ou is_____
234
Northern Pacific (qu ar.)________________
1K
Pittsburgh & Lake E rie_________________
5
R om e W atertown & Ogdensb, gu .(qu ar.)
IK
Street Railways.
Columbus (O .) Railw ay, pref. (q u a r.)___
IK
Georgia R y . & E lec. (A tlanta),pf,,(quar.)
IK
Houston (Texas) E lectric Co., pref_____
$3
Grand Rapids R y ., pref. (q u a r.)----------IK
Milwaukee Elec. R y . & L t .. pref. (quar.)
134
Trust Companies.
Lawyers' Title Insur. &Trust (quar.)___
3
Nassau (B rook lyn )______________________
4
Fire Insurance.
Continental ____________________________ 2234
H om e_____________________________ ______ 10
Miscellaneous.
American District Teleg. of N. J. (quar.)
1
Central D . & P tg . Telgraph ( quar j ____
2
Central Oil______________________________
S
Consolidated Ice,p ref. (q u a r.)......... ........
134
DuPont de N em ou rs(E I)P w d .co m .(q u .)
IK
E lectric Bond & Share pref. (q u a r.)____
IK
E lectric Co. of .America_________________
334
La Belle Iron W orks___________________
2
Louisville Gas__________________________
3V4
Manning, Maxwell < Moore (q u a r .)____
fc
134
Minneapolis General E lectric, co m m o n ..
S2
Preferred_____________________________
S3
National Glass pref. (q u a r.)___________
IK
Pacific Coast Co., com m on (q u a r.)_____
U4
First preferred (q u a r .).. ___________
1K
Second preferred (q u a r.)_____________
1J
4
134
2
E xtra _________________________ _______
T^rrington Co., com . “ A ” ______ _______
4
I n .Cast Iron Pipe < F dry.,com . (q u a r.).
fc
1
Preferred (q u a r.)_____________________
\K

W h en
P ayable.

Books Closed.
D a y s In clu sive.

July
A ug.
July
July
July
A ug.
A ug.
Aug.
Aug.

31 Holders o f rec.
19 to
1 Ju ly
10 Holders o f rec.
10 Holders o f rec.
25 H olders o f rec.
21 to
1 July
20 to
•1 July
1 Holders o f rec.
to
15 Aug. 1

July
Aug.
June
June
July
A ug.
A ug.
July
Aug.

21
l
20
20
13
1
1
.
23
15

Aug.
July
Aug.
Aug.
July

Holders o f
July
15
July
21
Holders of
31 Holders o f

rec.
to
to
rec,
rec.

July
July
A ug.
July
July

14
20
I
18
20

to
to

A ug.
Aug.

1
1

A ug.
Aug.

1
20
1
1
1
1

July 15
July 28

On Dem.
July
10
July
July
J u ly
J uly
Sept.
A ug.
July
Aug.
July
July
A ug.
Aug.
July
A ug.
Aug.
Aug.
July
July
Aug.
S ep t.
Sept.

23 July 14
31 July 25
25 J u ly 20
2 0 H olders o f
15
1 J u y 17
31 July 21
1 July 22
17 Holders of
2
1 July 19
1 July 19
27 July 17
1 Ju ly 17
1 July 17
1 July 17
16
16

to
July 22
to
July 31
to
rec. July 10
A ug. 1
July 31
Aug. 1
June 30

to
to
to

to
to

A ug. 1
A ug. 1
July 27
A ug. 1
Aug. 1
A ug. 1

to
to

1
1
1

to
to
to
rec.

July 19
A u g .31
A ug. 31

to

Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
Stocks.
10 Empire Cream Separator
C o ____________________ 60
25 Importers' & Traders'
National B a n k --_____560
16 Merch. Ex. Nat. Bank_170
1 Right N. Y . Society Li­
brary SI 5 0 _________ SI 52
3 National Butchers' &
Drovers' Bank_______ 173
12 Mechanics' National
B ank____________ 265-266 H
1 Merchants' Nat. Bank. 163
3 Bank of America______521
34 Standard Oil Co_______ 565

Stocks.

1,000 Alaska Copper Co, $25
each_____________ $5,000 lot
5 Bk. of N. Y . , N .B .A — 301
100 Caloric King Furnace
Co ..............................$20 lot
10 Westchester Trust Co_.190Ji
115 Phenix Ins. Co. ofB'lyn 300^
5 Nat. Bank of Commerce 180
5 Hanover Nat. Bank — 49834

Bonds.

$10,000 Long Isl. RPv. Co. 2d
7s 1918 F. & A ................... 12834
$10,000 Consol. Gas, Elec. Lt.
<c Pow. Co. of Balt. Genl.
f
434s 1935 J. < J____8534 & int.
fc

2,163,931
1,873,042
1,750,857

F lou r,
M s.

Receipts at—

3,900,120
4,611,535
2,057,089

W h eat,
bush.

3,242,420
2,527,283
2,257,408

Corn,
bush.

651.168
492,502
298,998

Oats,
bush.

44,276
23,540
40.417

B arley,
bush.

Rye.
bush

New Y o rk _________
B o s t o n ___________
P ortland__________
P h ila d e lp h ia _____
B altim ore_________
R ic h m o n d _______
Newport New s____
New O rlean s.a—
Galveston------------N orfolk___________
M ontreal__________

103,270
26,035
928
40,566
23,082
3,350
3,260
10,987
---------13,429
20,143

255,000
_________
40,000
34,990
166,260
28,824
_________
-------------50,000
_________
499,152

537,875
114,543
_________
4,710
98,719
30,856
_________
82,500
9,000
_________
117,639

610,600
46,300
_________
87,753
83,933
36,010
_________
95,000
_________
_________
33,317

43,600
______
______
______
______

______

______
___ - ______
______
11,916

______
-______
______

Total w eek_____
W eek 1905_______

245,050
179,914

1,074,226
600,665

995,842
1,444,862

992,913
732,766

55,516
84,372

1.117
1,773

1 117

a R eceipts do n ot include grain passing through New Orleans for foreign ports
on through bills o f lading.

Total receipts at ports from Jan. 1 to July 7
as folloivs for four years:
Receipts of —
F lo u r _______________ _ -b b ls-

compare

1906.
8,326,590

1905.
5,266,941

1904.
9,828,994

1903.
10,948,915

W h ea t________________ .bu sh - 38,132,398
Corn---------------------______ 67,697,059
Oats _ _ ______ __
______ 42,204,300
B arley ----------------- __ ______
7,300,133
R ye
------------- _ ______
829,307

11,780,460
61,256,324
24,196,240
4,103,727
198,015

22,238,181
31,434,049
22,217,163
1,847,409
513,609

50,264,513
64,782,015
28,255,390
2,170,735
2,872,917

101,534,766

78,250,411

148,295,570

Total grain______

______ 156,163,197

The exports from the several seaboard ports for the week
ending July 7 1906 are shown in the annexed statement:
Wheat,
bush.

Corn,
bush.

F lou r,
bbls.

New Y o r k _______
96,359
P ortlan d_________
40,000
B o s t o n __________ 230,916
P h ila d e lp h ia ____
39,733
B altim ore________
37,121
N o r fo lk __________
______
N ew port News___
______
New O rlea n s____
23,600
______
G alveston_______
M ontreal_________ 272,307

556,943
...........
______
1,100
18,092
______
______
17,724
1,190
212,240

46,577
928
10,098
28,030
27,521
13,429
3,260
5,383
5,851
30,154

Exports from —

DIVIDENDS.
The following dividends have been announced this week:
N a m e of C om pany.

3,410
1,117
30,785
23,400

Total w eek____
Same tim e 1905--

740,036
232,132

807,289 171,231
689,288 78,442

Oats,
bush.

R y e , B arley,
bush .
bush.

Peas,
bush.

6,665
.........
________
________
_
50 12,857
________
________
8,355
_
32,497

..........

1,408

58,911

1,224

12,857
_____

58,911
57,967

2,632
1,174

47,567
81,416

The destination of these exports for the wreek and since
July 1 1906 is as below:
---------- F lou r --------------------— Wheat -------------------------- Corn ------------W eek
Exports for week and J u ly 7.
since J u ly 1 to—
bbls.

Since
J u ly 1

1906.
bbls.

W eek
J u ly 7.
bush.

Since
J uly l

1906.
bush.

Since
J u ly l

W eek
J u ly 7 .
bush .

1906.
bush.

U nited K in g d o m .-. .104,608
C on tin en t__________. 35.016
S o. & Cent. A m erica 5.774
W est Indies __ ___ . 24,318
B rit. N o. A m .C olS -.
1,515
Other co u n trie s___

104,608
35,016
5,774
24,318
1,515

566.802
173,234

566,802
173,234

254,547
522.894
944
28,904

254,547
522,894
944
28,904

T o ta l_______________ 171.231
Total 1905__________. 78,442

171.231
78.442

740,036
232,132

740.036
232,132

807.289
689,288

S07.289
689,288

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports July 7 1906, was as follows:
New Y o r k ______ _ __ “
n.flont
B o s t o n ____________
P h ila d e lp h ia _________
B altim ore___________ M ontreal--------------

_- -

Wheal,
bush .
413,000
782,000
5,000
172,000
Rfi non
89 000
309,000
4 Q
OO
604,000

B u ffa lo _____ . -------- .
“
a flo a t...........
119,000
T o l e d o ........... ............... I
“
afloat............
192.000
D etroit....... ..........
“
afloat______
Chicago_______ ______- I 2,003,000
“
afloat...........
M ilw aukee___________ _
131.000
“
afloat............
F ort W illiam ________ - 1,541,000
667 000
D u lu th _______________
“
a flo a t...........
M inneapolis................ .. 111, 794 .6 6 6
St. L ouis........................ . 1 ,0 1 0 .0 0 0
"
afloat............
600.000
Kansas C ity__________ I
7.000
P e o r i a ______ ________
55,000
In d ia n a p olis................. .
On Mississippi R iv e r. _
467.000
On L a k e s ____________ I
136.000
On Canal and R iv er . .
Total
Total
T otai
Total

July 7 1906. -24.957.000
June 30 1906- .25,892.000
July 8 1905- -13.423.000
July 9 1904- -13,528,000

Corn,

bush.

R ye,

Barley,
bush.

2 1 ,0 0 0

65.000

Oats,

bush.
467,000

bush.
250,000

39.000
4.000
424,000
81.000
9.000
34,000

189.000
84.000
189.000
93.000

44,000
•

206,000
34.000
1,279,000

1 ,0 0 0

47,000

446,000

129.000

181,000

191,000

14,000

1 ,0 0 0

3.000

18,000

41,000

1,306,000

770,000

589.000

395,000

271,000

G6 .0 0 0

23.665

793,000

84,000

......
_____ _
186,000

1,055.000
56,000

105.000
14,000

285,666
19,000

2 2 1 .0 0 0

36.000
182,000

14.000
264.000
29.000

“ s',665

667.000
572.000

455.000
153.000

5 573.000
6.059.000
4.453.000
0,174,000

6.393.000
6.466.000
: 156.000
4.437.000

625,000

65,000
62.000
2 1 0 ,0 0 0

—

1.433.000
1.437.000
795 000
SI 5.000

2 5 .6 6 6

780.000
848^000
l.JSTOno

76

THE

[V

C H R O N IC L E

o l

. Lxxxur.

Statement of New York City Clearing House Banks.—
New York City, Boston and Philadelphia Banks.— Below is
a summary of the weekly returns of the Clearing House banks
The following statement shows the condition of the New
York City Clearing House banks for the week ending of New York City, Boston and Philadelphia. The New York
figures do not include results for non-member banks.
July
7.
It should be distinctly understood that as
W e o m it tw o c i p f u r s ((H)) i n a ll th ese j i g u r e s .
to all items except capital and surplus the figures are the
averages of the daily results, not the totals at the B a n k s . Capital L o a n s.
S p e c ie .
L egals. D e p o s its . a C ircu­
and s
Clearings.
lation.
S u r p lu s.
end of the week. In other words, in reporting loans and
S
S
S
$
$
S
s
deposits and holdings of specie and legal tenders, the New York_ 266.709.1 1059,162,6 187.129.0 81,816,3 1047,135,4 48.931.4 1,732,598,8
June 9_
1 6 ._
practice is to take the aggregate of the amounts for the June 23-- 266.709.1 1060.076.3 185.357.0 83,761,9 1048,182,1 48.487.4 1.769.246.0
June
266.709.1 1057.758.3 188,883,8 84,397,2 1049,472,3 4 8 ,4 /1 ,1 1,766,633,7
June
1.812.510.0
several days of the week and divide this aggregate by the J u ly 30.- 267 581,1 1056,944,9 187,184,5 87,275,5 1049,617.0 48.362.4 1,872,420,2
7 -_ 267.581.1 1050,578,1 181.281.0 84,270,0 1036,343,7 48,435,6
B oston .
number of days.
June 1 6 .. 42.936.0 177.050.0 17.435.0 5.481.0 207.679.0 7.561.0
154.974.7
W e om it two ciphers (00) in all cases.
B an ks.

C a p ita l.

S u r p lu s . '

L oa n s.

S p e c ie .

L e g a ls .

D e p o s its ,

005 o m itted .

a R ese’ve

S
$
2,000,0
Bank of N . Y__
2.877.3
2.050.0
Manhattan Co_
2.699.0
1,504,6
2,000,0
Merchants'____
3.000. 0 3.465.0
Mechanics’ ____
1.500.0
4,0/2,3
America______
1.000. 0 328.4
P hen ix_ ____
_
City ----------- _ 25.000. 0 19.400.3
300.0
7.748.5
Chemical______
439,2
600.0
Merchants’ E x.
2.307.0
1,000,0
Gallatin_______
300.0
156.1
Butch .ADrove.
390.4
700.0
Mec.h .& Traders’
604.2
Greenwich____
500.0
5.000. 0 4.548.3
Amer. Exch_
_
Commerce_____ 25.000. 0 13.008.4
3.000. 0 4.628.4
Mercantile____
422,7
676.4
Pacific
1.030.0
450.0
Chatham______
200.0
453.1
People’s _ _ __
2.000. 0 2.041.2
North America.
3.000. 0 7.622.4
Hanover _____
1.000. 0 1.133.9
Irving _ _
789.5
2.550.0
Citizen's Cent’].
335.2
500.0
Nassau_____ _
1.458.9
1,000,0
Market & Fult’n
662,1
2,000,0
Metropolitan __
3.578.3
2,000,0
Corn Exchange.
1.154.4
750.0
Oriental
._ _
7.008.9
1.500.0
I np.&TYaders’_
P a rk __________
3.000. 0 7.764.8
119.0
250.0
East R iv e r____
F ou rth _______
3.000. 0 3.063.4
300.0
Second _______
1.673.1
First _________ 10.000. 0 17,277,1
1.000. 0 900.1
N . Y . Nat. E x.
776.2
250.0
Bowery . _____
842.2
200.0
N. Y . County._
750.0
577.3
German-Amer _
1,000,0
Chase_________
5.731.6
Fifth Avenue. _
1.789.5
100.0
German Exch__
778.2
200,0
904.7
G erm a n ia .___
200,0
Lincoln_______
300.0
1.565.8
Garfield_______
1.344.9
1,000,0
F ifth _________
457.6
250.0
1.684.6
1,000,0
Metropolis____
West Side_____
811.6
200.0
Seaboard.. ___
1.170.6
1,000,0
1st Nat., Bklyn.
300.0
680.3
Liberty_______
1,000,0
2,161,8
N . Y . Prod. Ex.
533.4
1,000,0
239,1
New Amsteiv-1,000,0
A s t o r _____ __ _
639.8
350.0

$

$

S

S

%

16.203.0 25.6
18.065.0
2.484.0 1.665.0
28.591.0 28.9
24.041.0
5.648.0 2.629.0
13,385,9 26.6
10,930,7
2.540.5 1.026.0
21.151.0 26.6
20.717.0
3.691.0 1.953.0
24.553.8 27.6
22.347.6
4.449.4 2.330.8
1.152.0
5,3/9,0 24.3
158.0
6.423.0
10,742,0 140,131,1 25.8
154,901,0 25.484.8
2.012.9
24.555.0 26.3
4.449.0
25.359.0
1.164.2
6.177.3 23.4
281.3
5.888.3
5.884.3 26.1
8.135.0
920.3
619.1
2,835,9 22.6
2.592.2
76,4
565,8
6.707.0 24.4
648.0
6.245.0
990.0
5.850.8 23.4
859,6
511.4
5.062.0
20.945.0 24-3
3.125.6 1.970.4
28.505.0
133,769,7 16.471.9 14,550,7 113,385,4 27.3
17.630.8 24.9
21.364.2
3.077.2 1.320.1
3.869.9 20.7
428.5
376.4
3.496.0
5.721.0 26.0
835,3
5.713.4
653,3
2.655.8 28-7
493.8
2.175.2
2 /0,3
14,821,5 23.7
15.374.2
2.412.5 1,108,8
58.490.0 25.0
7,381,9 7.237.9
50.663.0
339.2
7.041.0 22.0
1.213.2
7.617.0
19.373.8 24-8
19.385.6
3.381.0 1.426.8
3.784.9 21.5
324.0
3.442.6
490,2
6.926.0 24.6
648.8
7.396.1
1.058.1
9.677.0 25.7
190.0
9.407.7
2.301.8
42.719.0 25.9
34.674.0
7.008.0 4.071.0
9.715.9 21-2
1.715.2
350.0
9.753.8
20.807.0 25.4
23.759.0
3.872.0 1.411.0
70.160.0 17,752,0 3.045.0
80.446.0 25.8
1.321.4 23.6
137.7
1.229.5
175.1
3.432.5 2.730.9
17.517.5
20.275.1 30.4
10.384.0
10.380.0 24.0
815.0 1.686.0
73.926.3 24.4
88.455.1 15,848,6 2.258.5
365.0
9.188.6
1.995.8
9.043.8 26.1
255.0
3.685.0
527.0
4.099.0 19.0
6,062,6 25.3
4.849.7
1.022.4
511.1
644.2
3.517.9 23.1
3.722.7
170.0
57.124.4 25.2
50.351.0 12.868.9 1.531.6
11.032.9 25.4
9.795.1
2.247.5
561.3
4,352,8 24.3
860.0
3.217.7
200.0
721.7
5.594.4 21.8
4,567,5
498,1
13.125.6
1.172.1 2,422,8
14.224.9 25.2
1.659.9
8.095.0 23.9
7.886.3
281,1
151.4
609.5
3.045.1 25.0
3.014.0
1.230.9
702.0
11.024.0
10.500.1 18.4
4.461.0
821,0
4.806.0 24.4
356.0
2,790,0 1,841,0
17,161,0 26.9
14.738.0
4.769.0
685.0
682,0
5.196.0 26.3
1.754.2
10,372,4
464,2
8.398.7 26.5
6.300.2
1.390.6
398.0
7.230.4 24.7
5.801.9
973.5
574.5
6.890.8 22.4
201.0
4.759.0
963,0
4.650.0 25.0

Totals______ 117,972,7 149,608,4 1050,578,1 181,281,0 84,270,0 1036,343,7 25.6
a

Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending July 7 1906, based on average of daily
results:
W e om it two ciphers (00) in all cases.

SurC apital .! p lu s.

L oan s
and
In vest­
m ents .

S p ecie

Legal
Tender
and
Bank
N o tes.

D ep osit with
Clear­
ing
A g e n t.

O th er
B anks
& c.

N et
D e p o s its.

N. Y . C ity.
B oroughs oj
M a n .& B r ’x .

$

%

925,0
100,0
W ash . H ’ g ’ ts
160.5
C entury ____
141,1 1,285,4
200,0
Chelsea E x ._
891,4
90,0
100,0
100
C o lo n ia l____
355.5 4.232.1
C o lu m b ia ___
419.6 6.656.0
300.0
C onsol. N a t’ l 1, 000,0 1.101.5 5.090.8
F i d e l i t y ____
140.0 1.003.8
200.0
14th S t r e e t ._
144.1 5,504,3
600,0
H a m ilt o n ___
200,0
164,5 4.988.8
Jefferson____
500.0
580,4 4.668.0
M t. M orris. 172.7 2.893.2
250.0
296.2 3.927.1
200.0
M u t u a l____
19th W ard__
230.7 3.292.3
200 ‘
294,1 3.681.0
100,
P laza ---------R iv e r s id e ___
107.3 1,822.6
100,0
S ta te ________
100.0 1.324.5 12.739.0
173.0 2.528.0
200,0
12th W ard__
100,0
149,9 1,730,7
23d W a rd ___
U n ion E xch_
703.1 7.334.0
750.0
198.4 1.445.1
U n ited N at’ l 1, 000,0
100.0
Y o r k v i ll e ___
353.5 3.376.0
513.7 4.454.0
Coal & I N at
500.0
200.0 208.6 1.251.2
3 4 th St .N at’ l
110.2
B att.P k.N at_
670.3
200,0

/

%

$

$

15.4
35.4
53.5
52.0
303.0
609.2
17.0
185.6
234.3
10.3
133.5
24.4
16.9
199.0
16.1
784.0
35.0
51.0
306.3
222.7
36.9
740,2
289.5
121.7

34,9
47.0
38.2
346.2
274.0
52.0
64.0
284.3
191,7
214.9
106.1
310.6
313.9
186,0
127.4
393.0
257.0
161.0
163.6
74.2
269.9
270,1
5,4
7.8

59,0

347.0

212.7
225.7
82,2
163.0
702.7
452.0
455.0
117.0
695.0

274.0
261.5 3.107.0
199,3
47,5 3.163.6
247.1
34,0 2.175.6
701,8
331,8 5,298,9
1,456,5
179.6 12.718.0
1.105.0
6.796.0
455,0
209.0 4.221.0
53.5
292.0 1.822.1
1.685.0 1, 000,0 12.998.0

11.8

146,8
339,1
223,4

222,0
132.0

21,6

81,8
59,3
50,9
499.2
489
453
81
415
145

295,
487,6
360,5
577,9

31,6
112,1
197,8
3,7
26.0
38,0
235.0
119.0
57,4
58,3

212,0
108.8
1,089
188
185

121

75
25U9
785,8
163.2
131.4

196,8
911.0
47,0
123,3
760.0
626.1
79,3
23,0

764,6
1.198.2
1.104.6
5.026.8
7.087.0
3.767.7
998,8
6.318.7
5.355.3
4.448.0
3.541.0
4.076.9
3.798.2
3.921.0
2.058.1
15,083,0
3.026.0
2,134,5
7.229.9
1.334.0
3.919.3
4.578.8
1.311.3
500,0

Jersey C ity.
F irst N a t’ l __
H u d . C o. N at
T hird N a t’l .

400.0 1,153,1
687,0
250.0
324,2
200.0

4,620,6
2,905,5
1.747.4

162,2
92,7
55.4

338,3
77,9
94,1

1,651,8
279,8
662,4

853,0
133,6
40.2

5.822.1
2,710,8
2.324.1

H obok en .
F irst N a t’ l - _
Secon d N a t’ l

125,0

110,0

2,878,5
1,540,3

148,3
39,6

21.1

152,9
83,7

172,0
S2.7

2,743,7
1,577,2

571,9
186,3

17.725.0
17.486.0
16.354.0

218.070.0
218.279.0
218.929.0
218.356.0

207.315.0
207.548.0
213.335.0

62,5b0,0
61.936.0
61.189.0
58.856.0

7.549.0
7.522.0
7.529.0

142.860.7
138,331,1
154,236.0

255.443.0
255.472.0
254.231.0
251.401, C

5.381.0
5.444.0
5.064.0

14.055.0
14.058.0
j4,006,0
4,042,0

144,446,9
149,962,8
154,364.7
143,311,4

a In clu d in g for B oston and P hiladelph ia the item “ d u e to oth er banks ’ and alsG overn m en t d ep osits. F or B oston these G overn m en t deposits am ounted on July 7
to $2,598,000; on June 30 to $2,593,000.

Imports and Exports for the Week.— The following are
the imports at New York for the week ending for dry goods
July 5 and for the week ending for general merchandise
July 6; also totals since beginning first week in January.
F O R E IG N IM P O R T S A T N E W Y O R K .
1906.

F o r w eek.

D ry G o o d s___________________
General M erchandise____

1905.

1

1903.

1904.

$2,544,226
10,727,211

$2,109,281
9,262,269

82,132,117
7,718,971

$1,959,320
7,944,364

___

$13,271,437

$11,371,550

$9,851,088

S9,903,684

D r y G o o d s___________________
General M erch a n d ise_____ __

$83,968,810
310,645,450

$73,192,499
296,833,464

$63,148,748
249,589,500

$70,700,256
242,912,566

T ota l _ __________

_

S in ce J a n u a ry 1.

$394,614,260 $370,025,963 $312,738,248 $313,612,822

T otal 27 w eek s___________

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement cf the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 9 and from Jan. 1 to date:
E X P O R T S F R O M N E W Y O R K F O R T H E ‘W E E K .
1906.

T otal 27 w eeks

_____

1905.

1904.

$7,693,759
318,421,375

F or the w eek ________________
P rev iou sly reported _ _______

1903.

S8,488,381
268,234,890

$7,907,932
244,763,340

$7,377,646
259,723,278

$326,115,134 $276,723,271 $252,671,272 $267,100,924

N o te . — A s the figures o f exp orts as reported b y the N ew Y o r k C ustom H ouse
from w eek to w eek frequ en tly show divergen ce from the m on th ly totals, also c o m ­
p iled b y the C ustom H ou se, w e shall from tim e to tim e adju st the totals b y addin g
to or d ed u ctin g from the am ount “ previou sly rep orted .”

The following table shows the exports and imports of
specie at the port of New York for the week ending July 7
and since Jan. 1 1906; and for the corresponding periods in
1905 and 1904:
E x p o r ts.

60,0

T o t. Ju ly 7_ 12337.0 16076.9 145407.3 6,493,8 7,889,9 16,317,S 7,282.3 160059,8
T o t. June 3 0 . 12337.0 16076.9 144476.4 6,781,0 7,966,0 15,330,2 6.922.0 157089,2
T o t. June 2 3- 12137.0 15670,5 144748,0 6,916,5 7,640,1 15,389.8 6.503.1 156554,7

Im p o r ts.

Gold.
W eek .

S ince J a n . 1

W eek.

Since J a n . 1
S24,24S,8S0
9,103,114
9.209,084
1,154,702
148,887
1,017,265
155,003

G reat B ritain _
France
G erm any _ __________ ________
W est I n d i e s . _____ ________ _ .
M ex ico ---------- --------------- _
South A m erica
_ _____ ______
All oth er countries __ __________ _

$ 2 ,0 0 0
150,000

S627,026
1,051,046
4,045,000
34,350

T otal 1906________________________
T otal 1905-----------------------------------T ota l 1904. _ -------- _ - _

$152,000
1,029,099
500

$5,757,422
37,679,102
64,448,066

$148,629 S45.036.935
6,064,969
145,019
6,334,197
45,059

$989,265 $28,222,834
721.000
13,760
1,532
94,640

S310
3,903

Silver.
G reat R ritian
___- F rance
___________
-- -- -G erm anv
W est In d ie s. ------------—
-- M exico
___________ _____
South A m erica _____________
_ _
A ll oth er cou ntries___
T o ta l 1906________________________
T otal 1905________________________
T o ta l 1904________________________

$84,665
3,513
55,831
4,620

10

6 ,2 0 0

S I.094
23,205
17,202
1,947

86,325
430,738
699,877
44,157

$990,797 S 29,158,434
668,054 16,756,470
730,915 22,177,177

$43,448
47.236
20,678

S I ,265,320
1,780.493
4S2,074

1 0 0 .0 0 0

Of the above imports for the week in 1906, $89,165 were
American gold coin and $702 American silver coin. Of the
exports during the same time $2,000 were American gold
coin and $1,000 were American silver coin.
Auction Sales.— See preceding page.

JSaiihincj and ^financial.

B orough oj
B roo k lyn .

129,9 2.544.6
B o r o u g h ___
200,0
387,2 2.947.2
150.0
B roadw ay - 300.0
B r o o k ly n ___
175.8 1.931.6
676.7 4.772.2
M frs.’ Nat/1_
252.0
907.7 10,487,1
M ech anics’ _. 1, 000.0
874.7 6.659.0
750.0
Nassau N a t’ l
632.9 3.461.0
300.0
N at. C i t y - . .
196.9 1.634.2
100.0
N orth S id e ..
U n io n ______ 1, 000,0 1,039,5 10, 888,0

181.217.0
182.502.0
183.377.0

E X P O R T S . A N D IM P O R T S O F S P E C IE A T N E W Y O R K .

a U n ited States deposits in clud ed , $15,344,600.

B a n ks.
00s o m itted .

June 23-_ 42.936.0
June 3 0 -- 42.936.0
J u ly 7 - - 42.936.0
Phila.
June 1 6 -- 49.860.0
June 23-. 49.860.0
June 30- _ 49.860.0
July 7 . . 49.860.0

T R A N S C O N T IN E N T A L

M AP

M ailed upon request.

Spencer T ra sk & Co.,
In v e stm e n t B a n k e r s .

Branch O
ffice, Albany, X.Y. WiUiam and Pine Sts., New York.

M

o f f a t

& W

h i t e

,

M em b ers N ew Y o r k S to ck E xch an ge,
5 NASSAU STREET,

H A N O V E R B A N K BUILDING,

IDealers in In v e stm e n t S ecu rities.
C O M M IS S IO N

ORDERS EXECUTED

FOB

CASH

ONLY.

THE CHRONICLE.

J u l y 14 1906.]

ii

ffianluers 7__Qjmgcttc.

State and Railroad B on d s.— Sales o f State bonds at the
Board include $142,000 Virginia 6 s deferred trust receipts
at 22 to 2 4 % and $1,000 Tennessee settlem ent 3 s at 9 5 k, .
F o r D iv idends see page 75 .______________________________________________
The market for railway bonds is unchanged in all ess< ntial
features. The dem and for this class o f securities, as o f all
W a ll Street, F rid a y N igh t, J u ly 13 1906.
The M oney Market and Financial Situation.— The p rom in ­ others, is lim ited , and, on the other hand, the offerings are
ent characteristics of the security m arkets this week have not greatly in excess o f the requirem ents. As a result o f
been the small am ount o f business transacted and the gen­ con ditions, price changes are, in m ost cases, fractional and
eral decline of prices. On Tuesday less than 2S5,000 shares unim portant..
A m ong the exceptional features are W abash debenture
were traded in , w hich is the smallest num ber reported since
July 18th last year, and during the first three days o f the Bs. which have lost nearly 3 points o f their recent advance,
week the volu m e of business was on ly about half the usual and B rooklyn R apid Transit refunding convertible 4s,
average. On T hursday, however , the transactions increased which have declined a poin t. As an offset to this weakness
to over 900,000 shares, under a selling pressure w hich carried Interborough-M etropolitan 4 % s have advanced over a
prices to the low est o f the week and in several cases to the poin t and U . S. Steel 5s and Central Leather 5s are higher.
U nited States B on d s.— Sales o f G overnm ent bonds at the
lowest o f the year. B anking circles have been interested
in preparations to m eet the call o f the Secretary o f the B oard include $2,000 2s, reg., 1930, at 103% ; $12,000 3s,
Treasury for 810,000,000 o f G overnm ent funds deposited co u p ., 1908-18, at 102% and $12,000 4s, co u p ., 1907,
in banks and also in the m atter of placing $30,000,000 of at 102% to 10 2 % . The follow in g are the daily closing
Canal bon ds soon to be issued. These events have not per­ quotations; for yearly range see third page follow ing.
cep tibly disturbed the local m oney m arket, w hich continues
Interest J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
easy and rates are abou t as low as have recently been qu oted.
P eriod s
7
9
10
11
12
13
As is usual about this tim e o f year, it is reported that black 2s, 1930 _____
Q— Jan *10354 103% *103% *103% *103% *103%
rust has appeared in the wheat fields o f D akota and also, 2s, 1930_____ ______coupon Q—Jan *103 % *103% *103% *103% *103% *103%
Feb
3s, 1908-1918.
as usual, efforts have been made to advance the price of 3s, 190S-1918 ___ registered Q— Feb *102 *102 *102 *102 *102 *102
Q—
*102% *102% 102% 102% 102% *102%
wheat and depress the stock m arket on these reports. To 3s, 1908-1918- .small coupon Q— Feb *102 *102 *102 *102 *102 *102
4s, 1907 _____ ___ registered Q—Jan *102% *102% *102% *102% *102% *102%
what extent these efforts have been successful does not 4s, 1907------- _____ coupon Q—Jan 102% 102% *102% *102% *102% *102%
4s, 1925 ......... ___ registered Q— Feb *129% *129% *129% *129% *129% *12S%
appear.
4s, 1925_____ .........-coupon Q— Feb *129% *129% *129% *129% *129% *129%
The Governm ent crop report issued on Tuesday is a de­
* This Is the price bid at tbe morning board; no sale was made.
cidedly favorable on e, h ow ever, and this has been effective
R ailroad and M iscellaneous S tock s.—-As noted above, the
in stim ulating a hopeful feeling as to the general crop ou t­
stock m arket has been dull and weak. On Thursday and
look .
The open m arket rates for call loans on the Stock E x ­ again to -d a y the market was irregular, the downw ard m ove­
change during the week on stock and b on d collaterals have m ent having been arrested to som e extent b y purchases to
ranged from 2 to 3 3 4 % . T o -d a y ’s rates on call were cover short contracts. As a result there has been a partial
recovery from the low est quotations reached, bu t a long list
2 H ® 3 % . Prim e com m ercial paper quoted at 5 @ 5 3 4 %
o f active and prom inent issues is from 2 to 8 points low er
for endorsements and 5 @ 5 J 4 % for best single names.
The Bank of England weekly statem ent on Thursday than at the close last week.
A m ong the exception al features are Baltim ore & Ohio,
showed an increase in bullion o f £566,456 and the percentage
St. Paul and Canadian Pacific, w hich have been relatively
o f reserve to liabilities was 48.45, against 41.23 last week.
firm throughout the w eek, and R eading, Delaware & H u d ­
The discount rate remains unchanged at 3 3 4 % • The Bank
o f France shows a decrease o f 10,975,000 francs in gold and son, Great N orthern, Northern Pacific, A naconda Mining,
Colorado Fuel & Iron , New Y ork A ir Brake and Am alga­
675,000 francs in silver.
m ated Copper, w hich have covered a range o f from 6 to 12%
XEW Y O R K CITY CLEARING-HOUSE BANKS.
points.
Am algam ated C opper, R eadin g, U nion Pacific and the
D ifferen ces
from
1906.
1905.
1904.
U nited States Steel issues have been the active features.
J uly 7.
previous w eek.
J u ly 8.
J u ly 9.
The last nam ed declined abou t 2 % points and recovered
S
S
s
S
Capital. ______ . . . .
117,972,700
115,972,700 115,972,700 fractionally.
Surplus__________ ____
149,608,400
139,492,800 134,323,400
F o r daily volume of business see page 85.
Loans and discounts__ 1,050.578,100 Dec. 6,366,800 1,116,458,500 1,078,294,800
The follow in g sales have occurred this week o f shares not
Circulation..
.
4S,435,600 Inc.
73,200
39.168.400
48,859,900
Net deposits__________ O1036 343,700 Dec. 13,273,300 1,158,305,100 1,158,1.50,300 represented in our detailed list on the pages w hich follow :
Specie
..
___
181,281,000 Dec. 5,903,500 210,971,300 243,093,900
Legal tenders_________

84,270,000 Dec. 3,005,500

86,562,800

82.461.400

Reserve h e ld _________
2o % of deposits ___

265,551,000 Dec. 8,909,000
259,085,925 Dec. 3,318,325

297,534,100
289,576,275

325,555,300
289,537,575

Surplus reserve____

6,465,075 Dec. 5,590,675

7,957,825

36,017,725

Low est.

■a §15,344,600 United States deposits included, against $15,313,100 last week and
$11.9,,.600 the corresponding week of 1905. With these United States deposits
eliminated, the surplus reserve would be S10,301,225 on July 7 and $15,884,025 on
June 30.
N o te .— Returns of separate banks appear on the preceding page.

American Malting______
100 4 July
Preferred___________
100 26)^ July
Bethlehem Steel_______
800 23 July
Preferred___________
100 86 July
Cleve Lorain & Wheel pi
100
1105 July
Cleveland & Pittsburgh,
21176 July
Comstock T unnel______
100 16c. July
Gen Chemical pref______
200103 July
Ills Cent leased lines___
4 lOOMJuly
Knickerbocker Ice pref.
100 76% July
Mich State Telephone__
20' 50 July
Preferred___________
65: 92 July
N Y & N J Telephone_
_
4 125 July
Rights _____________ 2,537' 25-8July
New York Dock pref___
100i 80 July
Ontario Silver Mining__
250j 214 July
R R Securities Ills Cent
stock trust certificates
100 93 July
Rome Water & Ogdens.
50 1.3414 July
100,103% July
U S Leather pref_______
Vulcan Detinning p ref..
200 60 July

F oreign E xch an ge.— The market was strong on Saturday
of last week bu t thereafter until Thursday the tone was
h eavy, influenced b y speculative selling and b y offerings of
loan bills; it was steady at the close. Gold arrivals from
L ond on , $900,000.
T o -d a y ’s (F rid a y ’s) nom inal rates for sterling exchange
were 4 8 2 )4 @ 4 83 for six ty day and 4 8 5 J 4 @ 4 86 for
sig h t. T o -d a y ’s (F rid a y ’s) actual rates for sterling exchange
were 4 8 1 90@ 4 82 for lon g, 4 8 4 5 5 @ 4 8465 for short and
4 8 4 9 0 @ 4 85 for cables. Com m ercial on banks 4 8 1 5 0 @
4 8160 and docum ents for paym en t 4 80 % @ 4 8 1 % . C ot­
ton for paym ent 4 8 0 % @ 4 81, cotton for acceptance 4 8150
(a 4 8160 and grain for paym ent 4 8 1 % @ 4 8 1 % .
T o -d a y ’s (F rid a y ’s) actual rates for Paris bankers’ francs
wore 5 2 0 % /i@ 5 2 0 % « for long and 5 1 8 % /i@ 5 1 8 % d 'fo r
short. Germ any bankers’ marks were 9 4 % d @ 9 4 % for long
and 94 1 1 -1 6 @ 9 4 % d for
short.
A m sterdam bankers’
guilders were 40fc@40y for short.
Exchange at Paris on L ondon to -d a y 25f. 15c.; w eek’s
range 25f. 15% c. high and 25f. 15c. low .
The w eek’s range for exchange rates follow s:
Sterling. A d u a l —
High..........4 8210
L o w -------- 4 8180

Short --------------------------- Cables ----------^

(u
.4
@4
P aris Bankers' F ran cs —
High-------- 5 20 %/t
@5
L o w _____ 5 21 '4 a
@5

822.5
8185

4 8475
4 8450

20%a
21%

15 18%A
15 18H a

L ow --------

94M

G erm any B ankers’ M a rk s —
High--------- 94Ji d
C
m 94%
Am sterdam

94%

@

B ankers'

High______ _________ _______
Low ............................................
Less:
Plus:

a 1-16 of 1% .
*1-16 of 1% .

| 94%
| 94%

G u ild ers—

i
|

4*
0
4
0

d 1-32 of 1 % .
x 1-32 of 1 % .

@ 4 8485
@ 4 8460

!4 8510
14 8490

@ 4 8525
@ 4 85

@ 94 13-16
@94%
@ 40v
@ 40*
h 3-32 of 1%.
y 3-32 of 1% .

_ The follow ing were the rates for dom estic exchange on
New Y ork at the underm entioned cities to -d a y : Savannah
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston, 12 % c. per $1,000 prem ium . New
Orleans bank, 10c. per $1,000 discount; com m ercial, 40c.
per $1,000 discount. C hicago, 15@ 25e. per $1,000 pre­
mium.
St. L ouis, 1 5 @ 2 0 c. per $1,000 discount.
San
Francisco, 25c. per $1,000 prem ium .

STOCKS.

W ee k ending J u ly 13.

Sales
for
W ee k .

R ange for w e e k .
H ig h est.

1.3 4 July
12 26% July
9 23% July
7 86 July
ii 105 July
9 176 July
12 16c. July
12 104 July
12 100% July
J1 76% July
12 50 July
11 92 July
II 125 July
9 2%.Tuly
12 80 July
9 2% July

R ange since J a n . 1.
Low est.

13 4
12 25
11 23
7 86
11 105
9 176
19 10c.
9 103
12 100%
11 75
12 50
11 92
11 125
12 2%
12 78%
9 1%

H igh est.

July 6%
Jan 29%
July 25%
July 88%
July 112
July 176
Men 40c
Mch|106%
July! 105
July 80
July 50
July 92
July 155%
June 2%
Jan S3
June 4

11 93 July 11 92% June 9S
May 136
7 134% July 7 130
12 103%.July 12 103% July 117
Jan 67
9 60% July 9 50

Jan
Apr
June
June
Jan
July
Mch
Feb
Feb
Jan
July
July
Feb
July
Jan
Jan
Jan
Mcli
Feb
Apr

Outside M a rk e t.— The market for unlisted securities de­
veloped pronounced weakness tow ards the close o f the week
and sharp breaks occurred throughout the entire list. Greene
Consolidated Copper was a feature, being heavily traded in,
the price falling to the low est o f the year. From 2 2 % it
dropped to 19% and closes at 1 9 % . Tonopah E xtension,
on large transactions, rose from 5 to 7 % and then declined to
6% .
United Copper com m on was weak and sank from
6 6 % to 6 3 % , bu t recovered to 6 4 % at the close to-day.
Tennessee Copper fluctuated w idely, m oving up from 40%
to 43 and dow n to 38, with the close at 39. Mitchell Mining
gained a poin t to 6 % and then dropped to 4 % . Boston
Consolidated Copper declined from 2 6 % to 2 2 % , the last
sale to-d a y being at 23. B utte Coalition, after fluctuating
betw een 29 and 2 9 % , fell to 25, recovering to 26. Nevada
Consolidated Copper advanced fractionally to 18% ; then fell
off to 1 6 % . In the industrial list Am erican Can preferred
was prom inent, falling from 55 to 5 1 % and closing to-day at
the low figure. International Mercantile Marine pref., after
a loss of 1 % points to 27, broke to-da y to 2 5 % , the com m on
sinking from 10% to 9 % . M ackay Companies com m on
declined from 73 to 7 0 % and ends the week at 71
The pre­
ferred sold down from 74 to 7 0 % and reacted to 71. A m eri­
can T ob a cco opened the week at 315, advanced to 370 and
closes at 355. Standard Oil dropped 3 points to 592 but
subsequently rose to 5 9 5 % . Chicago Subway advanced a
point to 4 6 % , declined to 4 4 % and on Thursday broke to
40; it ends the week at 41.
Outside quotations will be found on page 85.

New

"York Stock E xchange— Stock Record, Daily, W eekly and Yearly
O C C U P Y IN G

STO CK S— H IG H E S T
S a tu rd a y
J u ly 7

87 4 8 8 3e
100 100
13541354
1164 117 4
* 9 2 4 94
74 4 75 4
*80
88
15941594
*65
69
*222 224
5 6 4 574
17
17
*79 4 82%
*74
754
26
26
1 7 3 4 175 4
184 184
198 1904
*225 230
*168 175
*176 185
*12
14%
* ......... 31
44
44
13
13H
9 2 4 924
*110 115
3 3 7q 3 3 4
68
63
48
484
213V 214\
*475 520
40
404
283
83
*92
94
*16
174
*35
38
4 0 ’s 4 1 V
;
77»4 7734
* 67 ^ 69
*68
72
*85
95
2 9 0 4 2984
•
.0

*
* .........

92

* 9 4 7 95
e
175 78 1763,
37
37%
73 4 7438
25
25
*46
50
*64
73
*79 4 8 0 4
24
24
51
51
*28 4 30
*83
87
*63
68
142% 143%
148 148

M onday
J u ly 9

A N D

T u esd ay
J u ly 10

LO W EST
W ed n esd ay
J u ly 11

SALE

P R IC E S

T h u rsd ay
J u ly 12

Irid o A j
J u ly 13

85% 86%
86
87
87
874
874 874
87 4 88
99% 99%
100 100
99% 99%
99 4 99 4 * 9 9 4 101
♦133 136
135 1 3 5 4 *133 136
133 4 1 3 3 4 132 4 1 3 4
115% 115%
116*41 1 74 1164 1 1 6 4 116 116 4 115 116
*92
94
*92
94
*92
94
*92
94
* 9 2 4 94
71% 72 4
7 2 4 74
71
73%
724 754
7 2 4 74 4
*80
88
*80
88
*80
88
*80
88
*80
88
159 159
159 159
1584 1594 1 5 7 4 159% 158 1 5 8 4
*65 4 69 4
*65
69
* 65 4 69
* 6 5 4 69
*217 220
222 222
♦218 222
222 4 222 4 *220 224
54% 54%
56
56 4
54% 554
56
664
5 6 4 66 4
17
17 4
*784 824
74
74
25 4 26
1 7 3 4 176 4
184 184
198 199 4
*220 230
V
168 175
M76 185
*12
144
* ......... 32
44
44
*1 2 4 134
*92
93
*1 0 8 4 1 1 5
33 4 3 3 4
67
68
484 484
2 1 0 4 211
397 404
8
*84
86
*92
94
*16
174
*35
38
4 04 414
*774 784
* 6 7 4 69
*68
72
*85
95
290 2 9 6 4
45
* .........

46
944

944 944
1 7 6 4 177 4
37
37
7 4 4 75
25
25
*46
50
*61
73
*794 804
24
24
5 0 4 51
*28
30
*83
88
*65
68
1404142 4
148 148

*ib 3 1 0 7 4 *103 1 0 7 4
20 38 21
2 0 4 204
*170 180
♦170 180
6 5 4 654
65 4 6 5 4
*90
95
*90
95
151 151% 153 1 5 3 4
*170% 172
1704 1704
*32% 33%
324 324
*66
67
*65 4 6 8 4
91
92
91
92%
*138 143
*138 143
* 3 6 4 39
*37
39 4
*19
19% *19
194
1 3 0 4 1 31 4 1 3 0 4 1 3 1
63
65
63
65
*112 118
*114 118
*85
90
*85
90
§192 192 *190 192
4 7 34 48 4
474 474
87A 88%
884 884
*90
93
*90
93
2004204
198 203 4
*125 130
♦125 130
*100 1U8 *100 108
*123 130
*120 130
12534 1 2 7 4 1 25 4 1 2 6 4
* 3 8 4 40
*38
40
*78
82
*78
82
*101 114% *10 L 1 1 4 4
122 124
12041234
*90
93
*90
93
* ......... 95 * ......... 95
2 3 5 2 37f
8
c 23 4 2 3 4
62
624
6 1 4 614
* 0 1 3 72 4 *6 1 4 72
4
*40
47
*40
47
* 2 0 4 21
* 2 0 4 21
*49
50
50
514
65 5g 66S
fc 65
66
*1 1 6 4 I I 6 4 1 1 6 4 1 1 6 4
344 3^4
3 3 4 344
99
9 8 4 9 8 4 *98
31
31
_3 1 4 3 1 4
*126 180
*122 128
* 3 2 4 33 4 *32
34
26 4 2 6 4
264 264
47 4 4:7 4
4 7 4 47 4

TW O

PACiES

STO CK S
N E W Y O R K STOCK
EXCHANGE
R a ilro a d s.
Topeka&Santa Fe
A tch.B o " pref..................

Atlantic Coast Line R R ..
Baltim ore So O h io ...........
D Bo prof.........................
Brooklyn Rapid Transit..
Buffalo So Snsque, p r e f...
/ Canadian Pacific.............
V Canada Southern.............
Central of N ew J e rse y...
Chesapeake So Ohio...........
Chicago So A lto n ................
Bo pref.........................
16 4 16 % Chicago Great W estern..
17
174
16 4 164
16 4 167e
80
80
82
Bo 4 p. c. debentures
*79 4 82 4 *79 4 82 4 *80
7 3 30 7 3 4 * 7 2 4 75
72 4 72 4
Bo 5 p. c. pref. “ A ” ..
*734 751
4
*25% 26
*25% 26
Bo 4 p . c. pref. “ B” ..
25 4 254 *25 4 26
1 7 3 4 1 75 4 1744 1764 172% 174% 172% 174% Chicago Milw. So St. Paul.
*184 185
185 4 185 4 184 184
$184 184
Bo pref......................
193 196 Chicago So North Western
197 197
1 9 6 4 1 9 6 4 193 193
♦220 230
*220 230
*220 230
Bo pret.........................
*215 230
168 168 Chic. St. P. Minn. So Om.
*168 175
*168 175
MBS 175
*176 185
*176 185
*176 185
*176 185
Bo pref.........................
14% Chicago Term’ l Transfer.
14% : * 12
1 4 4 *12
*12
144 -1 2
* ......... 32
* ......... 32
*......... 30
Bo pref.........................
♦......... 32
4
4
4
4
3%
4 Chicago union Traction.
44
44
11% 1 24 * 12 4 1 3 4
12
12 4
1 2 4 124
Bo pref.........................
92
92
90% 9 1 4 Cleve. Cin. Chic. So St. L.
92
92
91
914
*105 1144 *1 0 8 4 115
Bo pref.........................
*1 08 4 115
’ 1084 H o
3 1 4 32% Colorado So Sou th ern ___
32 4 33 *
4
33
334
33 4 33 4
*66 4 68
*67
68
* 6 7 4 63
*66 4 67 4
Bo 1st preferred___
46 4 4 6 4
45
464
48
48
*46 4 47 4
Bo 2d preferred.......
209 211
210 210
206 2 09 4 206 206
elaware So Hudson___
*475 525
*475 500
*475 530
*475 530
elaw. Lack. So W est’n.
37% 38% Denver So Rio Grande___
3 9 4 40
38% 39 4
334 404
*82
85
85
8 5 4 *82
*84
8 6 4 *83
Bo pref.........................
94
*92% 93
*91% 9 3 4 Detroit U nited....................
9 2 4 9 2 4 *92
17%
16
16
17% *16
*16
1 7 4 *16
Duluth So. Shore So A t l ..
35
35
*35
38
34 4 3 4 4
*35
38
Bo pref.........................
3 8 4 39
3 8 4 39
38% 4 0 4
4 0 4 41
rie......................................
76
764
7 74 784
7 6 4 77%
774 774
Bo 1st pref..................
68
68
66
67 4
6 4 4 654
Bo 2d pref..................
674 684
*68
72
*68
72
*68
72
*68
72
Evansv. So Terre H aute..
80
80
*85
95
*85
95
*85
95
Bo pret.........................
291 296
284 290
284 2 8 6 4 Great Northern, pret.......
2 9 2 4 295
Green Bay<&W.,deb. ctf.A
16
174
Bo
deb. ctf. B
*46
06
*44
50
46
46
*46
50
avana E lectric.............
9 4 7& * ......... 94% ......... 90
Bo pref.........................
*......... 9 4 4 *88
* ......... 134
*......... 134
* .........180
* ......... 134
Hocking V a lle y ................
94% 9 4 4
Bo pref.........................
*9 4 4 96
9 4 4 9 44 *94% 9 5 4
1754177
173% 1744 174= 175
1764177
J ilinois Central................
34 4 35
3 4 4 37 4
35
35%
3 4 4 35 4 I nterboro-M etrop olitan.
73% 7 3 4
73
73%
7 34 744
Bo p r e f ..........................
7 2 4 75
25
26
24
2 4 4 *24
25
2 5 4 *25
Iowa Central......................
*46
50
*46
50
*45
50
*46
50
Bo pref.........................
7 2 4 *65
*65
72 4 *65
72 4 XT'anawha So M ichigan..
*65
73
*794) 8 0 4 *79 4 SO4 *79 4 80 4 *79 4 8 0 % lA.C.Ft.S.<fcM.,tr. cts. pfd
23 4 23% *22 4 24
* 2 3 4 25
Kansas City Southern . . .
23 4 24
49
50 %
49
49%
5 04 504
Bo p ie f.........................
504 504
*28
31
29
29
*27
31
28 4 28 4
ake Erie So W e stern ...
*80
88
*83
86
*80
88
*83
83
Bo pref.........................
*63
70
*63
70
*63
70
*63
70
Long Island.........................
138 4 1 4 0 % Louisville So N ash v ille...
] 4 L 4 1 4 1 4 141 142 4 1 3 9 4 1 4 1
149 4 1 4 9 4 148% 148% *147 4 1 4 9
♦148 150
Y/I anhattan E levated...
lti-etrop. Secur., sub. rec
*103 1 0 7 4 *103 1 0 7 4 103 103 * 1 0 2 4 1 6 7 4 Metropolitan Street.........
19% 20%
19
19% Mexican Central................
1 9 4 20 4
20 4 2 0 4
*170 180
*170 180
*175 180
$169 169
Michigan Central..............
65
65
64
64 % Minneapolis So St. Louis.
64 4 6 44
65 4 65 4
*90
95
*90
95
*90
95
*90
95
Bo pref.........................
*150 156
$153 153
153 153
1 5 0 4 1 5 1 4 Minn. S. P. So S. S. Marie.
Bo pref.........................
*......... 1 7 2 4
1 7 1 4 1 7 1 4 *161 1 7 0 4 *......... 170
3 1 4 32
32 4 32 4
31
3 1 4 Mo. Kansas So T exas.......
32 4 3 2 4
65 % 66
67
67 4 *66
674
*65
66
Bo pref.........................
88% eo% 8 8 4 89 l4 Missouri Pacific............
91
914
9 0 4 914
*138 142 *138 143
*138 143
*138 142
ash. Chatt. So St. Louis
at.of M ex, non-cum.pl
374 374
37 4 39%
* 3 7 4 39 4 *37% 39 4
21
19
19
Bo 2d pref....................
19% 19 4 *19
* 1 9 4 21
N ew Orleans Ry So L t. ..
Bo pref.........................
130 1 3 0 4 i2 9 4 130% 128 129
128% 129% N. Y . Central So Hudson..
61
62
62
63 4
62
62 % N. Y . Chic. So St. L o u is...
6 3 4 634
*112 120
*114 118
Bo 1st pref..................
*114 118 *113 120
*84
89
*83
90
*83
90
*80
88
Bo 2d pref..................
190 $1914 $190 190
*1894 193
>19 1% 191% N. Y . N . Haven & Hartf.
47
47%
46% 47
45 % 46
N. Y. Ontario So Western.
4 7 4 48
8 7 4 87 4
85 4 87
8 7 4 87 4
85
85% Norfolk So W estern.'........
92
9 1 4 9 1 4 *90
*90
92
Bo adjustment pref.
90 4 90 4
199 4 203
194 4 1 9 9
Northern Pacific...............
199 202
195 198
126 126
123 123
*121 125
p a cific Coast Co..............
*125 130
*100 108 *100 108 *100 108
*100 108
L Bo 1st pref........w
........
*123 130
♦120 125
♦123 130
*120 125
Bo 2d pref..................
1 2 5 4 1 2 6 4 1 2 4 4 1 2 5 4 123 4 1 2 4 4 123% 124% Pennsylvania......................
*38
40
*38
40
*37
40
*35
40
Peoria So Eastern..............
*70
82
*78
82
*78
82
Piltsb. Cin. Chic. So SL L.
*70
82
*101 1 1 4 4 *101 114 *100 114
*100 114%
Bo pref.........................
121 1 2 2 4 120 1 2 2 4 117% 1194 #116% 117% jL) e ad in g ............................
*90
93
*90
93
*90
93
*90
93
lA d st p r e f..........................
* ....... . 95
* ......... 95
* ......... 95
2d p r e f..........................
*......... 95
2 34 234
23 4 23%
22% 23% Rock Island Company___
2 2 4 23 4
61
62
Bo pref.........................
6 1 4 92
60 4 61%
60
60%
St. L. <fcS. Fr., 1st pref___
*6 1 4 7 2 4 * 6 1 4 72 4 * 6 1 4 72
* 6 1 4 72
43
43
4 54 454
41
41
41
42
Bo 2d pref..................
* 2 0 4 21
* 2 0 4 2 2 4 *20 4 21
20 4 20% St. Louis Southwestern..
*50
52
*50
52
50
50
Bo pref.........................
49
49%
64 4 95%
63 4 65
63% 65% Southern Pacific Co.........
65 4 65 4
Bo pref..........................
1 1 6 4 1 1 6 4 1164 U 64 *1 1 6 41 1 64 *11641164
33% 31
3 3 4 34
32% 33% 3outhernv.tr. cfs. stmpea
32 4 33%
Bo pref.
do
* 9 8 4 99
98
98
9 8 4 98%
*97 4 98%
^exas So P a cific.............
30 4 31
30
30%
*304 314
29 4 2 9 4
*125 130
-bird Avenue (N . Y .) ...
*124 128
*125 130
*125 130
*32
3 4 4 *32
Toledo Railways
Light
34
*32
334
33
33
ToL St. L. So W . v. tr. ctfs
264 264
26
26
26M 27
2 6 4 264
4 7 4 47 4
Bo pref. vot. tr. ctfs.
4 6 4 46%
44
46 l4
43
434

D

E

H

L

N

I

R a n g e fo r Y ea r 19U 0
S a l e s oi
O n b a s i s o f 1 0 0 - s h a r e io ta
th e
W eek
S h a res
L ow est
H ig h est

Ua/nge

to r

1 p r e v io u s

Yeo,r ( 1UO5 )
L ow est

H ig h est

40,260 85*8 May
9 6 4 J a n 13
77% May 9 3 4 5 la r
1,160 98 % J’ ly
106 Jan 3 99 Jan 105% S^P
....
1,850 1 3 1% J’ly
1 6 7 4 Jan 20 i120 Jan 170 A p r
28,U50 l u 5 4 May
1 1 9 4 J’ne2l! 1 00 4 Jan 117 A u g
92 J’ne27 99 4 Jan 5 ............
91 Mai 100 A u g
121,995 71 J’ly 12 94 4 Jan 2
v
5 6 4 51 a\ <»j. 1 Nov
83 Jan 12 87 Feb F 84 Bee 91*4 51 ay
7,550 155% May 2 1774 Jan 19 L O4 Jan 177% S ep
3
63% J’ ne30 7 0 4 Jan 8, 67 Nov 7 4 4 A u S
200 204 May
239 4 May 24 L90 Mas 235 Oct
4,100 53 % Apr 28 62 4 Jan 2
45 4 Mav 60 4 Mar
,
25 May
3 8 4 Jan 15 30 B e e 44 u 51ar
74 May
80 4 Jan 12 75 Oct 8 3 4 A Pr
5,900 16 J’ne t
23*4 Jan 20j 1 7 4 Ma\ 25 4 5iar
100 80 J’nel3 86 4 Jan 171 8 8 4 Mav 89 Sep
400 72 4 J’ly 13 80 Jan 31 60 J’ne 7 8 4 Sep
1,500 25% J’ ly 2 3 9 4 Jan 22 29 May 3 7 4 Apr
202,800 155 % May 2 198 Jan 2 - 4 6 8 4 51a 187 4 Apr
400 1 7 7 4 May 2 196 J a n 2 f 182 4 Jan 92 4 Apr
2,800 192 Apr 27 240 Jan 5 a l9 0 }4 J’ne 349 Jan
230 May 2 2 270 Mar 30 234 Jan 2 6 5 4 Feb
” 20o 168 J’ne
198 Jan 15 150 Jan 225 Jaa
176 J’ne28 202 Jan 15 195 Jan 230 J a n
_
9 4 Apr 19 18 K Jan 19
7 4 Jan 20 J’ ne
27 Apr 2 7 4 2 4 Jan 2 _ 1 7 4 Jan 42 4*J,Jy
3,601
3 7 May 21 1 3 4 Feb 20
8
6 J’ n
< I 3 4 Feu
810 1 1 4 J’ly 12 47 4 Mai 12 3 0 4 J’ly 64 Feb
Mar
1.3'UO 9 0 4 May 2 1 0 9 4 Jan 15 90 Jan i l l
112 M ayll 118 Jan 23 LI 5 4 J’ ly 1214 Mar
4,800 2 9 4 Jan 4 37 Jan 24 2 2 4 Jan 30 4 Apr
900 6 6 4 Apr 30 73 4 Feb 20 52 May 6 9 4 Lee
1,72U 43 May ' 5 6 4 Jan 12 32 4 May 55 Bee
3,50u 189 May
231 J’nel 2 1 7 8 4 Ma\ 2404 oct
4 3 7 4 May 2 560 May24 335 Jan 498 4 Oct
3,"820 3 6 4 May 2 0I 4 Jan 26 2 7 4 May 3 9 4 Bee
20 83 4 J’ly
9 1 4 Jan 2_ 8 3 4 May 9 1 4 Lee
lOu 90 4 Apr 30 102 Feb 9 76 4 Jan 96 4 Lee
200 16 J’ly 13 22 4 Jan 11 1 1 4 51 ay 2 2 4 Nov
200 32 Apr 28 45 Jan 11 21 51 ay 4 6 4 Nov
57,100 3 8 4 May 2 5 0 4 Jan 16 37 4 51a\ 5 2 4 Aug
2,900 75 May 2 83 Jan 15 7 4 4 51 av 8 5 4 Aug
3,400 62 4 Apr 27 76% Jan 16 55 4 Jan 7 8 4 Aug
75 Jan 8 76 Jan 2 63 J’ly 75 Aug
20 0 80 J’ly 13 2 90 May3 j 85 aN V 96 A u g
O
31,450 275 May 2 348 Feb 9 236 Jan 335 Apr
86 M a y l- 92 4 Jan 22 83 Feb 90 Jan
“ 'B
16 J’ly 12 23 4 Jan 19 17 Mav 2 4 4 J’ne
500 33 4 Jan 19 51 M ayl 1 15 Api 38 4 Lee
7 7 4 Jan 15 9 7 4 May 8 50 J’ m 82 Bee
3 1 3 4 Feb 8 135 Apr 24 8 6 4 Jan L214 Lee
7u0 93 May 2 9 9 4 J’ ne 1 90 Jan 9 7 ^ Nov
4,5t>( 164 May 2 184 4 J’ne 7 1524 Jan 183 Sep
12,400 3 3 58 J’ ne27 5 5 4 May 10
4,70b 7 0 % j ’ iy 3 8 7 4 May 10
800 24 J’ly 12 3 4 ’4 Jan 12 ‘ 4 May 32 Feb
2
49 May 4 6 3 4 J an i 3 50 May 61 Bee
52 Mar
76 J’ne b 29 4 May 5 8 4 1)60
x 8 0 J’nelo 84 4 Feb 7
8 1 4 J’ne 87 Oct
3,000 22 4 J’ly 3 37 4 Jan 5 22 4 May 36 % Bee
4,200 49 J’ly 12 71 Jan 5 52 Jan 70 Feb
200 27 4 J’ly 6 44 4 Jan 12 2 8 4 J’nt 47 4 Dec
$84 M ayl5 >92% Jan 25 91 J’ne LO
B Mar
67 J’ne26 8 1 4 Jan 16 5 0 4 5Iay 7 3 78 Nov
13,4u0 136 % May 2 156 4 Jan 19 cl344 Jan 1 5 7 4 Sep
6 0 0 1 4 7 4 May 2 162
Jan 26 L61 May 1 (D Feb
65 F e b ‘ b • 7 5 4 M a yll 6 8 4 Nov 91 51 ar
2> s
3 00 lu3 J’ly 12 127 Jan 16 114 May 133 Aug
4,700 1 8 4 May 2 2 6 4 Jan 19 1 8 4 Mav 26 51ar
25 140 M arl 9 185 J’ne2l 'i 130 J’nt 155
Aug
1,30^ 64 J’ly 6 84 4 Jan 11 56 4 Jan 8 4 4 Oct
90 A p r 27 LOO4 Jan 3 86 Jan LO
B Oct
1,650 1 4 1 4 J a n 4 164 Mar 24 89 4 Jar L45 Bee
400 163 4 A p r 30 L834 Jan 11 148 Jan L73 Bee
14,800 29 May 2 4 0 4 Jan 12 24 Mav 39 4 Nov
500 6 4 4 A pr 27 7 4 4 Jan 18 5 6 4 51a) 73 Aug
l7,SOo 85 4 May 2 IO6 4 Jan 20 94 4 May 110% 51ar
133 May 3 149 4 Jan 12 137 Jan 15S Apr
50u 86 A p r 27 41 M arl4 3 3 4 Mav I 45 Jan
400 1 8 4 J ’n e l6 2 1 4 F eb24 1 7 4 J’nt 24 4 Jan
32 *8 J’ nel6 84 J’ nel4
81 J’nelo 8 1 4 J’nel4
16,2 ^0 1 2 7 4 J’ly 2 1 5 6 j an 8 1364 May L674 5iar
6,650 59 Mar 5 73 4 Apr 17 42 Jan 76 4 Bee
20
111 A p r i l L 4 Jan 27 114 J’ly L224 Jan
80 May 3 9 1 4 Jan 9 74 May 95 Bee
675 190 J’ly 10 2 0 4 4 j au 19 M914 Bee ;2 L6 Sep
3,7o0 4 3 4 May 2 5 7 4 Jan 2
40% Jau 64 51ar
5,300 81 Feb2b 93 4 Feb 1 76 M hj 88 4 51ar
200 89 4 Apr 12 96 Jan 6 9 1 4 Feb 06 Aug
S 4 ,lu 0 1794 May 2 2 3 3 4 Feb14 65 Apr 216 4 Aug
20U f03 Jan 10 142 j ’ne 0 j 78 4 Jan 109 4 Oct
105 Jan 5 106 Jan 29 Loo Jan LO
S Feb
105 4 Jan 10 135 May 8 85 JaD L09 Oct
L42,000 122 4 J’ly 2 L47 4 Jan 2 I 3 1 4 51 ay L48 Aug
83 A pr28 46 4 Jan lo| 27 Jan 4 8 4 Apr
75 May 2 87 Jan 24 70 May 1874 Mar
100 May 4 168 4 Jan
105 Feb 112 Mar
59 / ,5UU LI2 May 2 164 Jan 23 .C79 Jan L434 Nov
89 4 _ i ar 1 96 Jan 22 90 May 97 Sep
v
90 Apr3< 102 Jan 20 84 Jaii 101 Nov
7,ouu 22 4 J’ly 13 2 8 4 Apr 2 2 L Bet 3 7 4 Jan
3
2,90. 60 J*iy 2 6 8 4 M ar3i
6 0 4 Nov 85 Jan
60 F eu26 72'4 Apr 8 67 Bee SI 4 51 ar
7u0 41 Mav 2 5 1 4 Feb 6 45 Bee 7 3 4 Mar
10U 2 0 4 May 2 27 4 Jan 19 20 51ay 27 4 Jan
900 4 8 4 May 1 61 4 Jan 24 55 Nov 6 6 4 Apr
71,5'Jo 61 May 2 72 4 Jan —
2 ’» 5 7 4 May) 7 —4 Feb
. « ■^
•- ©••
'2
460 316 J’ly 2 120% J’ne 6; 1154 Jan 1122^ Bee
19,700 8 2 4 J’ly 12 4 3 4 Jan 26 28 May, 38 Sep
400 9 7 4 May 2 L03 Jan 16 95 Apr 1 0 2 4 Sep
2,70b 28 May 2 8 9 4 Jan 24 2 9 4 Apr; I f
5lar
s
125 Apr 2 7 x l 39% Jan 17 120 Bee ,141 Dec
*Tuu 29 4 Apr 23 86 Jan 2 2 2 2 4 Jan; 37 4 Apr
1,200 2 5 4 J’ly 2 40 4 Jan 19 3 4 4 May 4 3 4 Apr
2,000 43 J’ly 13 5 9 4 Jan 19! 5 1 4 Jan i 65 Apr

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks

B id

A sk

NEW YORK

Aetna...........
Americali ...
Amer Exch..
Astor...........
Battery7Park
Bowery^l_
_

205 215
1521
250 256
650 750
135
320 335
Butch’s So Di f 173
Century^]_
_ 175 L85
Chase.......... 700
Chatham_ 300 315
_
Chelsea Exc'; 180 ......

Banks
Chemical..
Citizens’ Ctrl
C i t y ...............
CoaL So Iron.
C o lo n ia l...
Columbia Tl..
Commerce...
Consolidated
CTnExchge<
|
Discount^]. . .
East R iver..
Fidelity^___
Fifth A v efj..

B id

4100
138
265
250
600
425
1180
160
350
150
150
200
3800

A sk

4250
272

1182
170
330
160
4200

Banks
Fifth....... .
First..............
1st N ’t& Bay
l4thStreet1|.
F o u rth .........
G allatin.......
G arfield.......
German A m t
German Exii
Germaniail ..
Greenwich
Hamiltonij ..
Hanover.......

B id

A sk

340
510

720
535

200

212
375
15u
410
500
290
225
t49S

218

400
501)
160
305

B an ks
Imp & Trad.
Interboro^l..
Irving .........
J effersonll. . .
Liberty .......
Lincoln.........
Manhattan^.
AlarketcfcFul
5Iechanics’ .
5Iech So Trali
M ercantile..
Merch Excli.
Alerchants’ ..

Banks
Metropolis^].
1560
MetropolTnl
160
155
M t Morris*;!..
240 250
Mutual!).......
210
Nassau!) . . . .
500 520
1400 i 600 New Amster
New York Co
290 310
N Y N at E x.
.75
265
} 265 1263 4 New Y o r k ...
19th Ward!].
L65
155
North Am er.
240
250
Northern___
1170
1163 ...... Oriental!!___
B id

A sk

B id

A sk

400
L65
235
300
202

212

1200
200
205
' 301 ......
350
360
295
160
150
270
260

B id
Batiks
P acific^___ 240
Park.............
People’s^!___ 300
P h e m x ....... . 190
P ia 'za ll.......... 570
Prod yExchl] 170
Riverside^] .. 250
Seaboard. . . 365
Secon d ....... . 700
S ta te d ].......... . 2000
34th Street.. 205
12 th Wardi), 350
23d Wardfl.. 190

* Bid and asked prices; no sales were made on tins day. 4 Less than 100 shares, t Ex-rights,
State banks, a Ex-dividend and rights,
t Sale at Stock Exchange or at auction this week,
s Trust Co. certificates.
h Assessment paid,
n Sold at private sale at this price.

b

A s tc

[250
480
206'

600
130
280

New stock,

New York Stock Record— Concluded—

fULY 14 1906.]

N1 OC A N—H 1 (r H KB T A ND LOW AST BALK P KICKS

Saturday
July ?

At ondav
July 9

1 Tuesday

IFeanesdaj/

July 10

Ju ly 11

Thursday
July 12

STOCKS

bYiday
July 13

N E W YORK STOCK
EXCHANGE

79

Page 2

Bangc /or Year 190fi
Bange /or Previous
\
Sales 0
on Oasis 0/100-share Lou
the.
Y ear(1005)
Week
Shares
Lowest
Highest
Lowest I 11i ghost

2,100 108% J’ly 3 122 % Jan 22j 105 Jan 122% A pr
Twin City Rapid Transit.
Do pref........................
41.V Mnv
I3,
143 % 144% 143 144% 142% 144
139% 141% 140% 141% I I moil Pacific................... 387,059 138% May 2 160 % Jan 24 113 Jan 151% Deo
141% 144
•94
95
496 91% May 2 99% Jail
' 93
95
94% 94%
94% 94% $94% 94%
vJ Do pref........................
94
91
95 % Nov 101% Feb
2,200 50 Apr 20 98 Jan 18 21% Jan :ri u Deo
59
59
58% 59
57
57
59 V 59%
*
58
58
54 % 57 UnitRysInv’tof SanFran
69
1,000 55. Apr 20 93 % Jan 17| 04% Jan 9 1% Dec
09 ^ 09 *
4 09
68% 69 %
08% 08%
08% 08%
68 % 08 %
Do pref........................
.l'lr
84% Apr 10 87 *o Jan 13
*......... 83%
United Rye of St Eou. prol
1,900 13% Ply 12 26 % Jan 24 17 % May 24 % Sep
19% 19%
19% 20
19% 19%
19
19%
18% 19
18% 19
\\J abash............................
1,400 4 0 % ja n 3 53% Feb z7 37 Mu') 48 Fob
40
40
44% 45%
45
45
44% 44% *41% 4i%
44 % 44 %
Do prof......................
750 32 Jan 3 44% J’ ne 4 27 Nov 30 Dec
*37% 38
<37% 38
37 % 37 % 37
*37% 38
33
36
37 Western Maryland___ . ..
300 16 Apr 28 21% Feb 0 15 Ma\ 19% Mar
*16% 17
* 17
18
17
17
17
17
*10
17 Wheeling & Lake E rie...
17% 17%
*37
40
*37
40
36 May 2 48% Feb 01
*36
40
*37
40
*37
40
*36
40
Do 1st prol..
18 Feb
30U 22 A p r27 29% Feb 0 20 May 28% Mar
25
*22
25
23% 23% *23
*24
25
24
24
*22
24
Do 2d prof.................
00 U 23 May 2 33 Jail 17 20 Apr 33 % Ang
23% 23% *23% 24% *23% 24%
*2 3 H ‘- 5
i
28
23% *22% 24% Wisconsin Central............
350 44 J’ly 2 04 Jan 15 45 Jan 64 % Oct
*45
46% *44% 40%
*45
4S
*44% 40
44% 44%
44% 44%
Do pref........................
Industrial tfc ARiscell
V $240 J’nel4 VI51 J’ly 3 $236 Jan $250 Feb
*240 255 *240 255
-240 255
*240 255 $240 240
*240 255
4 dams Express..............
5,800 16 J’ly 3 27% Jan 24 13 May 24 % Deo
17
17
17% 17%
1 ( 4 1 t%
10% i7S.
10% 17%
16
17%
1 is-Chalmers..............
1
40
40
1,300 45% J’ly 6 07 Jan 24 40% May 68 Feb
*45
48
48
48%
40 % 40 %
46
47%
46
46%
Do pref......................
97% 98%
92% 90%
93 'g 100%
97% 99%
4
90% 98%
92% 94% AmalganiatedOopper....... 474,55.- 92% J’ly 13 118 * Feb 13 70 Jan 111% Dec
* /
>
-i\t
22
22
2,700 20 J’ly 3 34 % Jan 2 1 20 Jan 29 % Apr
*22
24
21
21%
22
22
20
20% Amer Aiincnit Chemical.
*90
94
*90
94
93 A pr23 102 Jan 25 89% Feb 95 Aug
*90
94
*90
94
*90
94
*90
94
Do prof.
22% 22% *21% 23% *21% 23%
400 20 % May 2 35 Jan 0 23 Nov 35 Dec
22% 22%
22% 22%
21% 21% Amer Beet Sugar..............
* ........ 87% - ......... 8 / % - ......... 87% *......... 87% *......... 87% *......... 87%
85 Jan 22 8 9 % Jan 8 77 Jan 39 Dec
Do pref
6,300 32% J’ly 13 47 % Jan 24 31 May 43% Apr
30
3 0%
30
36 % 35% 35%
33% 35%
35% 35%
32% 33% American Car So Foundry
yy% 99%
900 98 % J’ly 13 105 Jan 24 #91% Jan 104% Apr
99% 99% *99 100
99% 99%
99% 99%
98% 99
Do pref........................
50
30 H oU
,
2,500 28 May 2 44% Jan 11 27% J’ ly 40% Dec
29% 3u
30
30%
29% 29%
29
29 Amorican Cotton Oil.......
93% *90
90% J’ne‘ o 95 Jan 10 89% J’ly 97 Feb
2
*90
93 V *90
94
93% *90
*90
93% *00
93%
Do pref.
*220 230 $222 228 *220 230
40 2 l5 Apr 26 249% Jan 26 $209 % Jail 246 Feb
*220 230
*220 230 *220 230 American Express............
*8%
9
400
7% May 2 11% Jan 15
8% 8%
‘S% 9
8%
8%
*8 9
*8%
9 American Grass Twine ..
4% Aug 14 Jan
6 J’nel3 10 Jan 20
*6
0%
*0
0%
*6
6%
*6
0%
*0
6%
6 J’ue 11% Deo
*6
6 % Amer Hide So Leather___
400 27 ,J’ne26 43 Jan 25 29% Oct 55% Alar
-8% 28% *28
30
*29
30 % 29
*27
30
29
27% 27%
De pref........................
5/
08 *
4 57% 58%
5 7 % 58
56% 58%
57
58
58
58 % American Ice Securities. 20,020 35% Jan 2 05% May 10 24% J’ly 36 Dec
125 17% May 7 29 % Jan 2 _ 15 % Jan 23 Deo
*18
20
* 18% 20
-1 8
20
*iS
20
* 18
20
*17
20 American Linseed............
" 39
43
*38
43
. . . . . . 3 8 's May 4 53% Jan 20 36 Jan 48 % Apr
*38
42
*38
43
*38
43
*37
40
Do pref........................
67 % U8%
67
68
06% 67
0 4 % 60
60% 07 %
62 % 65 % American .Locomotive... 35,580 53% May 2 78% Jail 4 33 Jan 70% Deo
*113 115
LIO % May 2 120% Jan 10 103% Jan 122% Apr
1113 115 *113 115 *113 115 *113 115 *112 115
Do pref.
4 J’ne29
*4
5
*4
5
100
-4
5
-4
5
0 % Apr 6
5 Dec
-4
5
5 l4 N ov
*4
5 Amer. Malt. ctfs. of dep...
80U 25 Jan 8 29% Apr 5 24% Dec 20 Nov
*20
27
*20
27
*26
28
26
20
27% 27%
26
26%
Do pref. ctfs. of dep..
400 32 J’ly 12 54% Apr lo
, oo
34
*34
40
34
34
32
32
*34
40
Amer Pneumatic Service
*70
80
lTO
80
70 J’ne20 88% Apr 12
*70
80
*70
80
*70
80
*70
75
Do pref .
*......... 99 ♦......... 99
100 98% J’Jy 13 101% Jan 18 97 % Sep 102 Nov
*......... 99
■
* ...
98% <......... 98%
93% 98% Amer Smelters Seen ref R
143% 146 % 144 145% U 3 % 145% 142% 144% 141% 142% 141%142% Amer. sm elt’g & Relin’g. 134,550 138% May 2 174 Jan 18 79% Jan 170% Dec
116 % j 1S% l i 7
l
2,990 114 j ’ue23 130 Jan 12 111% Jan 137 Dec
117
115% 115% U 5% 115%
110 110
H 5^ b n o
Do pref........................
*190 210 *190 210 *:9 J 210 < 190 210 *190 210 *190 210 American Snuff
2oO J’ly 0 220 Jan 25 103 A ay 250 Nov
X
*101*3 110
*100 liO
102% May 3 107 Jan 6
*100 110 *100 110 * 100 n o
1 10 Dec
*10*a 11
3,300 10 A p r30 15% Jan 17
10 S lu%
i
10
10 % 10
0% J’ly 18% Mar
10% 10% *1U% 10%
10% American steel Foundr’s.
*3% 43%
44
43
43% *43
40% 41%
1,70o 40 May 2 53 % Jan 17 35 % J ’ne 07% Apr
41 % 42
43
44%
Do pref........................
130 131
129 13u% 129 129% 128% 130
127% 129
128 129 American Sugar Refining 14,750 127% May 2 157 Jan 8 130 AIay 154% Dec
132 l Apr 30 110 Jan 19 133 May 141 Aug
4
*132 138 ’ Id i 138 *131 138 *131 138 *131 138 *131 138
Do pref...
131% i 31 %
132 %13244 '132 135
800 131% J’ly 10 144% Jan 19 131 Dec 118 % Jan
<129 132 *130 135 Amer. Teleph. So T ele g ...
9S 130
99% 99 S *97% 99 S
,
c 98
1,380 96 J’ly 3 109 Jan 22 91% Jan 109% Dec
98% *98 100
98
98% Amer. Tobac. (new), pref.
33 % 36
3o *g 34%
32% 33
4,570 32 J’ne30 48 Jan 0 20% Jan 47 % Nov
33
33%
32% 33 American Woolen............
33% 34
*102 104
iu3 103 % *102 104 $103 103
lu2 -j 102% 1 0 L 102%
575 101 J’ ly 13 110% Jan 24 93 Jan 108% Alar
Do pref........................
231% 234% 229 % 233 % 225 230
231 236% 231 236
224% 227% Anaconda Copper.............. L14,3U0 223% May 4 300 F ebi. 100% Alay 295 Dec
*120 150 * 120 130 *120 130 *129 130
119 Apr 27 178 Jan -3 175 Dec #215 Feb
*120 130 *120 130
SBrooklyn Union Gas___
13 % 13 % *13% 15
1,700 1 3 J’ly 9 21% Apr 14 10% Jan 22 % Dec
13*2 13%
* 13 % 15
i:-si4 i 3 i4 O runsw . Dock& C.Imp’ t
14
14
*55
03
*55
63
*55
63
55
55
1UU 4 - AprlO 70 May 9 50 Dec 00% Jan
*55
03
*55
63 Buttenck Co......................
113

114

$ L -a 113 % 113 % 113 % 113
13

113

111% 113

*111

113

31
3 * % 36
3 1 % 36% 36%
4,100 34% J ’Jy 3 49% Jan 24 40 Sep 47% Oct
35
36
37
37
35
36
/ central L ea th e r...........
*iuU % 103 <iul le 3% 103 103% 102% 102% l o :% lu i% 101% I0i% V Do p ref.....................
730 100 J ’ly 3 107% Jan 24 102 % Nov 105% Nov
_y
49
50%
44% 4 6 S
t 44% 4 6 % Colorado‘Fuel So Iro n ___ 110,250 40% May 2 83% Jan 20 38 May 59 Alar
49 % 505s 48% 50%
45% 49%
*85 100
*85 100
85
85
*77% 83
xOO 85 J’ no29 112% Jan 29 80 Aug 1.05 Alar
*75
90
Do pref.......................
*77% 90
18 Si 13%
18% 18%
17% 18%
2,200 17 May 2 20% Jan 31 11% Alay 20 Dec
18 % 16%
17% 18
17% 18 Col. So Hook* Coal So Iron.
139 S 14 1
i
i39 L i
4
139 139% 138%139
136% 138% 136% 136% Consolidated Gas (N. Y .). 11,100 130% Apr 2 / 181% J a n 23 175 Nov 214 Alar
- .. 20
20
20
20
20
3,425 18% J’ly 13 28 Apr 4
19
19%
•19% 20%
18% 18% Corn Products Refw
*78
79
*78
79
78
78%
77
77%
1,566 74^ May 2 85% Apr 2
78 " 78
76
76%
57 % 57% 57
55% 56
o', i 87 5L Jau3U 05% May 9 #34% Jan 64% Dec
57% * 5 6 % 5 6 % 56% 57%
54% 55% Distillers Securit’ s Corp.
*........ 80 *_____ 80 T ___ __ j>6
81% Jan 3 87 % Jan 19 70 AIay 89 % Feb
*
86
*145 105 *143 lod
*145 165 *145 165 * L45 165 *145 165 Federal Mining So Smeit’g
138 Jan 4 199 Jan 22 00 Jaii 145 Nov
93%
*92
93% *9 2
910 91 J’ly 3 112% Jail 22 75 Jan 110% Nov
92% 93
$y 3 % 03 % 92
92
93
93
Do pref.......................
163 % 104% ^104 % 164 % 103 163
1,112 160% J ’ly 13 18 L% j an 9 169 Alay 192 Mar
161 161% 100% 160% Generai E lectric...............
161% 103
18
18% *17
18
1,900 17 J’ly 2 20% Jan 15 18% J’ ne 25 % Deo
17% 18
*17
18
17% 17%
17% 17% fj nternational Paper.......
82% 82% $83
82% 82% *82^ 83 % *82% 84
2
350 8 2 1 iUarltj 90 Jan 13 76 % Feb 88 % Lee
*82% 84
83 i. Do pref........ ; ............
*48
57
*40
57
400 48 J’ne30 #95 Jan 29 48 Oct 100 Feb
*48
57
48
48
*48
57
*48
60 International P ow er.......
*41
44
200 28 Jan 15 00 May 8 26 Dec J0% B%b
*43
44
41
41
*40
44
43
43
*40
44 Internat Steam Pum p_
_
*82 % 87
*82
89
*82
86
83
83
1U0 79 Jau-tl 92 Mayl4 78 % Alay 88% Apr
*83
90
*82% 80
Do p ref:.....................
58% 58%
58
58%
58% 58%
4,300 54% J’ly 0 08 Jan 15 10 Jan 03 De/*
58% 58%
58% 58%
08-4 58% Knickeroocner Ice( Clue)
*03
64
*63
64
*03% 64% *63% 64
J ,200 62 May 2 71% Feb 0 5 2 Aug 69 % Dec
62 % 63 % 02% 64
]V[ ational Biscuit.......... ’
*110% 118 *116% l l 3
*1i 6% 118 *116% 118 *1 i 6%118
100 113^Jan 6 118% Feb ltl 110 Aug 120% Alar
110 % 116 %
Do pref.......................
L7% 18
17 % 18
17% 17% $17
3,050 12 May 2 18 % Jan 15 11 Aug 31 % Apr
16
1 6 % *10
1?
17 Nat EnainenngcfeStamp’ s
*83
89
85 M a rl! 88% Alar 8, 80 Aug 94 Apr
*83
90
*83
90
*83
89
*84
89
*83
89
Do p ref. ..
74% 75% *73 S 74 % 73% 74%
2
71% 72%
72% 74%
71% 72 National Lead.................... 14,150 00 May 2 95% Jan 19 24% Jaii 89 % Dee
l o l 101
101
101
*100 % 101% *100% 10l% 100% 100% *1 0 0 ^ 101 %
500 100% J’ ne 7 100% Jan 22 97% Jan 115 % Deo
Do pref.......................
142 S 144% -135 142 *135 142 *135 142
3
133 137
2,550 133 J ’ly 12 103% J an 5 140 May 168% Nov
133 135% New York A ir Brake.......
*92
93
*92
93
-92% 93
91% 92%
1,000 91% J ’ly 12 107 Jan 12 95% Nov 107 Apr
92% y2%
91% 92 North American Co., new
31
32%
31% 32
31% 32%
3,600 28% J’ne2b 51% Jan 19 33 May 53% Deo
32
32%
32
33
31
31
L)aciiic Mail.....................
89% 89%
88% 89%
89
89
3,925 8 8 J ’ l y 13 103 Jan 2 97% Alay 115% Apr
8 0 % 89
88
88% JL eop. Gas-L.& C. (CI110.)
*88% 90
*i3
14%
13% j 4
l
*13% 14% *13% 14% *13
200 13% May 2 17% AIar31 12% J ’ly 21 May
14% *13% 14% Pittsburgh Coal Co..........
*45
55
50
51
400 50 J ’Jy 3 02 % J an 19 45% J ’ly 80% Alay
*48
56
*48
56
*48
55
*48
56
Do p ref.....................
46
47
46
46% *45% 46
43% 45
5,984 43 May 2 04% Jan 24 33 % Jan 58% Deo
45
46
44
44 Pressed Steel Car.............
96% 96%
96
96
*95% 96%
95
95
470 95 May 2 105 Feb 1 87 Feb 101% Oct
96
96
*95
96
Do pref.......................
*218 220
290 218 J ’ly 9 247% Jan 15 230 May 258 Aug
218 216 $219 % 2 19 % -217 221
219 2 J9 *217 220 Pullman Company...
49
49 % *48% 49
1,500 44 May 2 02% Jan 15 30 Alay 03 % Dec
50
50
46% 48
*40
47
48% 49
L ) ail way Steel Spring...
-99 105
*99 105
*99 100
99
99
400 97% J ’ly 13 107 Jan 24 93 J an 100 Nov
99% 99%
97% 97%
26% 27
26% 26%
6,100 22% .May 2 39 Jan 12 15 Jan 30 % Dec
20
26
24
25
24
24% Republic Iron So S te e l...
26
26
96
96%
95
95
*94
96
92% 94
4,200 91 M ay 2 110% Jan 9 67 Jan 108 Dec
92% 93
Do pref.....................
95
95
71
72%
7 U % 7 2 % 70% 70%
69
70
5,900 08% J ’ ly 13 97 % Jan 12 60 Jan 118% Feb
70% 71
68 S 69 O loss-Shelfieid St. So Iron
2
*105 112 -105 112 *105 112 *105 112 * 104 112 * 10u 112 O Do pref.......
100 J’ly 0 113 Apr 3 100 Jan 130 Feb
143 145% 14 L 143% xl-10 % 142 % 141% 141% 14 L 143% 142 142 Tenn. Coal, Iron So R R ...
3,070 129 Jail 2 #105 Jan 12 68 Jan 148 Deo
*75
80
73% 74% *75
*75
80
10U 00 May 2 80% j ’ ue 9 37% Jan 00 Dec
80
79
79
*75
80 Texas Pacific Land Trusi
*7
8 %
*7%
7 % .J ’ ly 0 15 e j an 19
8% J ne 15% Oct
-7
8%
*6% 7
*7
9
2
68
68
*67
72 " *67% 72% $63% 68% *67
187 07 % J’ly 3 84 J an 18 68 Ian 8 * 81 Dec
iD Do pref
74
47% 47%
47
47
44% 45 % 44% 45% U. S. Cast 1. Pipe So Foun.
6,400 43% May 2 53 J an 17 19% Jan 43 % Deo
46% 47
46
46%
*90
92
91
91% *90
70U 90 J’ly 3 96% Jan 24 79% Jan 9 7% Apr
92
Do p r e f...'..............
91% 9 1% 90% 90%
91% 91%
$123 123 '118 125 *118 125 *118 122 *118 122 *118 121 United States E xpress...
10 D)9 May 1 138% Jan 20 $110 Dec 134 Feb
-80% 82
81% 81% *78
79
79
700 78 J’ly 13 94 % Jan 20 77 Jan 98% Mar
78
79 U S Realty So Im iirove’ m
81 *........ 82
37 % 38
38
38%
*36
37
35
35%
1,520 24 Mar l 40% j ’ne 5 18 Feb 40% Apr
*35% 38%
34% 34% U S Reduction So Refin’ g
77
78
76% 77
1,300 00 Mar22 84 ,Pne 0 35 Jau /3% Aug
7 3 % 74 % *73% 7 6 S
*76
79
c
Do p rei..................
75
75
44
45
45
45
42%
43% 44
9,800 38 J ’ly i 3 58% Jan 22 33% J ai. 58% Sep
43
43 % 40
38
39% United States Rubber___
108% 168 % *108 109
1,520 S104& J ’ly 13 #115 Jan 15J 98% J an f 18% Apr
iu » n m
106% 1U8 #104% 104%
Do 1st pref................
108 108
*78
80
79
19%
78
78
77% 77% -75% 80
610 75 May 2 #87 s> Jan I d 75 Nov 83% Dec
77% 77%
Do 2d p r e f ..............
34% 3 5 % 34% 35%
32% 33%
8
3 4 % 30
32% 33% United States Steel.......... 296,150 325 J ’ ly 13 40% Jan 20; 24% Aluy 43 % Dec
33% 34%
101 % 102% 100% 1U2
101 lu i% 1 0 0 % 1 0 1 % 99 % 100%
99 % 100 S
*
Do pref....................... 104,300 98% J’ly 3 L13% Jan 20 90% Alay Lu7 Deo
35
36
34
32% *33
3,000 31 J ’ly 3 58 J an 2] 28% Sep 58% Deo
3d
31% 33
32
34
32
32% Yirginia-Carolina Chern..
*106 109 *105 108 *105 % 108 % * 106% 109% 107** 107 *2 106% 106%
400 104 J ’ly 3 117 % J an 2 103% Alay 118% Deo
Do pref.......................
41
41
400 38 May 2 50% Jan 24 30 J'ne 52 % Feb
*38
41%
39% 39%
40
40 Virginia Iron Coal So C..
39
39
-39
41%
*282 286 *281 286 *281 290 *281 290 *281 290 *270 290
233 Mar23 280 J’ ne 12 $220 % Dec 200 Feb
W j ells Fargo So Co......
*92
y3
92
92
91% 91%
60 j x 9 l Mar 20 94% Jau-'O 92 Jan 95 % J’ ne
91% '91% *91
92
91% 91%
VI est’ n Union Tele’ gpli
*150 153 *150 % 156 *150 % 150
200 150%J ’ly 0 170 Jan 5 152 Ai ay 134 A p r
152 152 *150% 153 *150 153 West’ gh’ seEl So A fg asset
3
* ........ 185
*2
- ........ 185
*........ 185
180 J’ne26 188 Jan 2 187 % Dec 197 Apr
* ____ 185
* ........ 185
* ........ 185
Do 1st p r e f ...................

BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
Hanks
Bid Ask 1
Bid
B anks
Union Excli^ 210 1220 !
BROOKLYN
United..........1109
114
U S Exchafe'; 125 130 j Dealers’ll___ 160
Wash.H'iits* 225
First............. 390
W est SideV.. 6U0
Home Bank* 169
Yorkvlllel .. loo
.Mauufactr8’ 390
Mechanics* 286
Nassau
260
BROOKLYN
Nat City___ 300
North Side* 350
Borough?]... L50
FrospectPk' 150
Broadway' . l00
_ 150
Terminal_
Brooklyn' . 145 .65 j Unions....... 220
Bid
i [n i w a ,
ii'j
u u
111
im
Sale
Exchange or at auction tUil

A 8k
L70

295
275
125
165
235

T ru s t C os.
N. Y.

Bid \Ask

CITY

|Bankers’ Tr.
Bowl’ gGreeu
i BroadwayTr.
|
(Central T r’si
IColonial.......
IColumbia_
_
Common w’ lb
Em pire ..............
I equitable Ti
1Farm I x i t f c T i

500
6460
100
2050

530
175
165
/150

310

275
95
315

400

515
...........

1425

T r u s t C o ’s

Fifth A ve Tr
Fulton..........
Guaranty Tr
Guardian Tr
Knick ’ rb’ k’ r
Law T I &Tr
Lincoln Tr. .
Manhattan
M ercantile..

Bid

Ask
565

325
520
225 235
1200
295 305
620
475 495
350
Metropolitan
390
MortoiiTrusi
839
M utual........
132 >*.
AIut.Aliianct 210
J l»

T ru st C o’s

N Y Life&Tr
New York Tr
StandardTr’ i
TitleGu S Tr
o
Tr Co of Am.
Union Trust
u S MtgtC Ti
Unit States .
Van N ’ denTr
Washington
W indsor ...........

A sk I T r u s t C o ’ s Bid Ask
BROOKLYN
1030
Brooklyn Tr 400 415
730
Citizens’ ...... 170 180
440
Flat bu sh ___ 260 ....
610
Franklin___ 52u 3o5
760
___
1410 Hamilton___ 350 1
Home ________ 185 193
1325 1375 J e n k i n s ........... D O j . . . .
450 ] . . .
325 |Kings Co —
L IH L& Tr. 290 310
i
100
...
245 260 IN a s s a u .............. 265
|People’s ........... 340 155
,,n t
O
12 *» O
j Wlliiamsl)’ * . 2 2

Bid
1010
715
410
595
750
1390
450

c E x -d iv id e n d and righ ts.
$ I, ess than l 00 shares, t E n r ig h t * . 0 N e w stock .
week. o E x s to ck d iv id e n d , e T r u s t Co. ce rtifica te s. U B a n k s marked w ith a paragra: ill (?) are State banks*

New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
O C C U P Y I NG
BONDS
N. Y. STOCK E X C H A N G E
W e e k E n d in g J u l y 13
G o V (M 'II!*td !l

Bid
Ask
Q-J 103% 103%
Q-J 103% 103%
Q-F 102 103
4
Q-F 1U2a 103 %
Q-F
Q-F 1 0 2 ........
Q-J 102-4 103*4
Q-J 1 0 2 % 103*4
Q-F 128*4 129
Q-F 129*4 } 30
Q*F 1 0 9 % ........

Week's
Range or
Last Sale

-0

§ 0
c y

Loir
High No
103% 103%
103 8} J’ neOO
i 03;8 J ’ne’O ....
G
i 0 1 % 10 2 % Vi
107 j ’ ne’ 02
104 *2 Oct ’05
103 % May’ 06
i 0 2 34 l o 2 7 12
h
129 May’06 .....
129% J ’ly M)o __
111 May’06 —

Foreign G overnm ent
Japanese G ovt 6 s sterl’ g.1911
2d series Gs......................1911
£ loan 4%s ctls lu ll p d. 1925
2 d sen es 4%s ctfs lull paid.
£ loan 4s ctfs lull p a id .. 1931
Itepub of Cuba 5s exten d e b t ..
U S of M exico s f g 5s of 1899
Gold 4s of 1904............... 1954
S u ite S e cu ritie s
Alabama class A 4 to 5___ 1900
Class B 5s......................... 1900
Class C 4s......................... 1900
Currency funding 4s___ 1920
Diet of Columbia 3*65s___ 1924
Louisiana new consol 4 s :. 1914
N orth Carolina consol 4s. 1910
Gs........................................ 1919
Bo Carolina 4 %s 20-40....... 1933
Tenn new settlem ent 3 s.. 1913
E m ail.................................
Virginia fund d e b t 2 -3 s ... 1991
Gs deferred B row n Bros ctfs.

A-O
A-O
F-A
J -J
J -J
M- S
Q-J
J-D
X'l
J-J
J-J
J -J
J-J
F-A
J-J
J -J
A-O
J-J
J-J
J-J
J-J

X 99 82 Sale
99*4
X 99 Sale
983
4
94*p
i 94*8 Sale
t 90% Sale
90%
t 82*4........ 82 *4
X105% Sale 105%
i l o o 82. Sale 1 0 0*2
94 82 Sale
94%
tiese a re yr ices 0 n

99 % i l l
99 118
94 *2 L79
93 8 410
8 2 34 44
31
106
1
1 0 0 8}
948 47
the 0 as is

101 A p r ’ 06
109*4 Oct ’ 00
102*2 Mar’ 02
111 M ar’ 02
G
11782 ......... 117% J ’ne’O ...
105*2 D e c ’04
1 0 2 34 Oct ’05
122 ‘ J ’ne’06 __
120 M ar’Ol
95 81 96
1
95*4
9 5 *4
95% D e c’04
9 4 34 M ar’06
2482 Sale
22
248a I ‘2 2

R a il r e a i!

labama Cent See So Ry
laba Midi See A t Coast Lint
A lbany So Susa See Del So Hue
A llegheny V alley -See Penn HP
A lleg So W est See Buff H & l
Ann A rb or 1st g 4 s........./tl995
Atcli T So S Fe—Gen g 4s. 1995
R e g is ter ed........................ 1995
Conv g 4 s.......................... 1955
W arrants lor 50-yr con v 4 s..
A djustm ent g 4s.......... /tl995
R eg istered .................. /il995
Stamped.......................?tl995
D ebentures 4s Series E.1907
Series F ..........................1908
Series G ..........................1909
Series H .........................1910
S en es X...........................1911
Series K ......................... 1913
East Okla D iv 1st g 4 s.. 1928
A tl K n ox & 1 T See L So N
S
A tlantic Coast 1st g 4 s ./tl9 5 2
Charles So Sav 1st g 7 s.. 1930
Sav F So W 1st gold 6 s .. 1934
1st gold 5s..................... 1934
A la M id 1st gu gold 5s ..1928
Bruns & W 1st gu g 4s .. 1938
L & N coll g 4 s .............. ol952
Sil Sp Oca & G gu g 4s .. 1918
A tlantic So D anv See South Ry
Austin So N W >$'eeSou Pacific
>alt«fc Ohio prior lg 3 % s . 1925
R egistered................ /il92 5
Gold 4 s ............................hl94S
R eg iste re d ................../il94S
P J un So M D iv 1st g 3 %sl925
P L E & W V a Sys ref 4sl941
Soutliw Div 1st g 3 % s ...l9 2 5
R eg iste re d ..................7tl925
Monon R iv 1st g u g 5 s.. 1919
Cen Ohio R 1st O g 4 % s..l9 3 0
Pitts Clev So Toi 1st g Gs 1922
Pitts So W est 1st g 4 s ...1917
Bat Creek So S See M ich Cent
Beech Creek See N Y C & H
Believ So Car See Illinois Cent
Bklyn So M ontauk See Long 1
Bruns So W est See A tl Coast L
Buffalo N Y So Erie See Erie
Buffalo R So P gen g 5 s ... 1937
A ll So W est 1st g 4s gu_.1998
Cl So Mali 1st gu g 5s___1943
R ocli So Pitts 1st g 6 s ...1921
Consol 1st g G s ....___ 1922
Buffalo So Southwest See Erie
Buff So Susq 1st ref g 4s.dl951
B ur O R < N See C R 1 So P
fc
/Canada South 1st 5s....... 1908
VD2d 5 s .................................1913
R egistered..................... 1913
Carb So Shawn See 111 Cent
Carolina Cent See Seab A ir L
Carthage So A d See N Y C < feH
Ced R la F So N See B C E & A
Cen B ran ch U P 1 s tg 4 a ... 1948
Cen Branch R y See M o Pac

A

B£

Registered.
3d pref income g 5s___ p i
Cliatt D iv pur mon g 4 s .1951
M ac & N or D iv 1st g 5 s.l9 4 (
Mid Ga So A tl D iv 5s....1 9 4 M obile D iv 1st g 5s....... 194(

2
90
92
92
92
Q-J
A-O 102 82 Sale 102*4 1025b 135
A-O 1 0 1 % ........ 101 58 1 0 1
3
J-D 1 0 0*4 Sale 100*4 1 0 1 242
. . . . ........ 1 0 0 % l o o 3?, 1 0 0 3e 5
12
Nov
95 Sale
94*4
95
Nov ♦......... 958} 95 Sep ’05
M-N
93 Sale
928a
93
8
99% . . . . 995e May’05
F-A
F-A
9 8 A p r ’ 06
as*;
F-A
97 82 ........ 100 8z Jan ’06
F-A
96 *4 ........ 9 9 82 J a n ’ 05
F-A
95 *4
988» N ov’ 04
F-A
93
98 7g 97 Oct ’ 04
M-S
99*2 F e b ’ 06 —

M-S
9 9 34 Sale
993 1 0 0
4
114
J-J 138*0........
A-O 129 84........ 1327e Jan ’06
A-O 1143 ......... 112 58 Jan ’04
4
M-N 111*8
1145 N ov ’05
8
J-J
98*4........
% Mar’U6
903 ..
4
M-N
903
4
91*2 69
J-J
9 5 \ ........ 9S May’06 . . . .
J-J
94*4 Sale
Q-J
A-O 1 0 2 34 Sale
Q-J * .........102*2
M-N
M-N ........ 97 82
J-J
9 0 7 Sale
8
Q-J
F-A
M-S 1 0 2 *>!........
A-O 1.17*4........
J-J
93 ........

94*4
95
25
95 J ’ne’ O
G
103
103*4 36

M-S
A-O
J-J
F-A
J-D

1 1 9 % .........
IO I 82 _____
1128 2 ..
123 82 .........
123 * 8 ........

L19

J -J

................

96%

1 0 2 34

1 0 2 34

J ’ne’O
G

103 A pr *97
124 A p r ’ 06
128*2 F e b ’ 06

—

96*2

96*2

1

100*2

100*2

1
O
0

J-J
M-S
M-S

1008a 101
105*4 Sale

J-D

........

F-A
M-N
M-N
Oct
Oct
Oct
J-D
J-J
J-J
J-J

119 May’06
1118a 1 1 1 34
.........1118} 113 A p r ’06
96
98
98
98
89
91*8 91 J ’ne’O
G
88
87
8882 8 8
93 J ’ne'OG
108*4........ 115 *2 D ec ’05
108*4......... 115 N ov’05
108*4......... 115 8aA ug’ 05

9'4

1

91 J’ ne’O
G
45
97 34
98
903i
91*4 31
92*8 J’ ne’05
108*2 J ’l y ’ 05
109 A p r ’ 05
119*2 Mar’04
97
97
3

105*4 105*4
1053 Jan ’06
4

95

—

Mar’06

120%123

11182112

8

9
5

Range
Since
January 1

BO N D S
N. Y. STOCK E X C H A N G E
W eek

E n d in g J u ly

13

V
;
Week's
Range
Range or l C c: |
nee
1
Last Sale ^ 7 January 1
.

R nce
Friday
J uly 13

I^

S.

Rrlee
Friday
J u ly 13

PAGES

' 3
!^
! -4

U.

U S 2s consol registered.^1936
U S 2a consol coupon___dl93u
U S 3s re g iste re d .............&19D
U S 3s cou pon ...................k 191*
U S 3 s r e g small b o n d s ..k l 911
U S 3s cou small b o n d s ../c l918
U S 4s r eg istered ............./il307
U S 4s coupon ................... /fl907
U S 4s Registered....... .....1 9 2 5
U S 4s c o u p o n ..................... 1925
Philippine islands 48.1914-34

? -!

S OU It

lid
ask
Lovj Utah
Ao Low H igh
l
103 *8 103 78 Cen R R < , B of Ga col g 5s 1937
£
NI 107 8a........ 108% Aim’ U5‘
126
126 I i. i 26 132
103 104*2 Cent of z\ gen’ l gold 5s. 1987
J 125 120
........ 125% J ’n e’O ] •-. ! 125 % 131%
G
1023 103 7
4
g
R eg istered ___ 1.........7tl 987
J
J 108 ........ 112% May’OG1... . I - % j 13
Am Dock So im p gu o s .. 1921
10 2 °8 1043
4
J | 104 8i........
Le So Hud R gen gu g os 1920
102 Mar’ 0 6 :. . . . 102 Ju 2%
N
Leh So W ilks B Coal 5 s.. 1912
100% l u l j 0 , 100 102%
M 100 8210 2
103 1033
4
Con ex t guar 4 828___ j/1910
1023 104 7ft
4
s!
N Y So Long Br gen g 4s 1941
129 1297 Cent Pacific See So Pacific Co
r
J
129 8a 132*4 Chas So Sav See A ll Coast Line
104 J ’ne’ on
1 0 3 % ........
1 0 8 34 111
103 106*4
Clies So Ohio g Gs ser A .. A1908
107*4........ lo 7 ;du>’06; . . . . 1 107 110%
Gold 6 s ............................. al911
117 119 118 J’ ue’ o !
110*4 H 9%
1st consol g 5s..................1939
Liu ........ 116 J ’ ne’ Oo
R egistered..................... 1939
114*4 116
9638 1 0 1 n8
107% Sale 107 8 107% 12 L05 109
a
97*4 101 *4
General gold 4 828.............1992
104 May’OG - •-. * 104 105
90*2 95*8
R egistered..................... 1992
iOo ........ 112 F e b ’ 00 1•••* 112 112
1
89 8a 93 38
Craig V alley 1st g 5s___1940
100*2......... 101 J ’ l y ’Obl
100% 102%
82
88
R S A D iv 1st con g 4 s .. 1989
o
G
94*2......... 96% May’ O ___ 96*4 96%
103 *4 108
2d consol g 4 s ................ 1989
106 ........ 113% F eb ’05
99*4 101*2
Warm Spr Val 1st g 5 s.. 1941
........ 100
99% F e b ’ 06, __ 99% 99%
Greenbrier R y l s t g u g 4 s ’40
923s 96
si
80 ^ 81% 80%
0 / $5 to £ .
79
82%
Cine Sb A lt R R ref g 3 s ... 1949
23j 77% 82
77% Sale
77%
7s
R ailw ay 1st lien 3 828. . . 1950
......
8 0 % May’ ll5
L 0 78 1 0 1
0
R egistered..................... 1950
101*4........ 101 J'u e’06 ___| y9% 102
Chic Burl So Q—Denv D 4s 1922
91% V•1 91
O- [
91
918a 9 L
95*4
Illinois D iv 882 s .............. 1949
R egistered.................... 194 9
101% 65j 101 105%
101 *4 Sale 101
117*2 118
Gold 4 s............................1949
106 ......... 110*4 J a n ’ 05
Iow a D iv sink fund 5a.. 1919
100% Sale 1U0% 100%
9 LO
| O 102%
Sinking fund 4 3 .............1919
6 102% 107
102% 103 8 102% 102%
12 2
122
N ebraska Extension 4s. 1927
L04 l4 May’ O .... 104*4 104 *4
G
R egistered..................... 1927
97 ......... 98 J ’ne'Ou
Southwestern D iv 4 s___1921
98
98
95*4 96*4
Joint bonds See Great North
103 J ’ ne’ 06
102% 107
y4 34 963
4
Debenture 5s....................1913 VI-N 103% 105
G
20
29 8a
Han So St Jos consol 6 s .. 1911 .VI-s 109 8a........ i l o J ’ne’ O .... 108*4 112*4
G
94% 96%
Chic So E 111 ref So imp g 4s 1955 J -J ........ 95% 95% J ’ ne’ O
G
1st s f cur Gs....................1907 J-D 1 0 2 % ........ L02% J’ ne’O ___ 1402*4 104%
_
1st consol g Gs..................1934 A-O 131 ......... 133 A p r ’06 _ 132 139
G
I-IN 116*2........ Ll6% J ’ ne’O ___ 116% 120
General consol 1st 5s___1937 .V
R egistered..................... 1937 M-N 117 ........ 118% F e b ’ oG -- i 118% 118%
4
Chic So Ind C R y 1st 5 s .1936 J-J 115 821198a 118^ Mar’ 06 ___ |1173 118?,,
Chicago So Erie See Erie
G
90
99
132^ 1 37
Chic In So L ouisv ref 6 s . . . 1947 J-J 130*4........ 133 J ’ ne’O
114% J ’ne’ O . ••• 113% 114%
G
100 104*2
R efunding gold 5 s.......... 1947 J-J 1 1 2 *-4 .
___ 1107 108%
107 % J ’ne’Od
99 8a105 3y
L ouisv N A So Ch 1st 6 s. 1910 J-J 105*4 ..
100*4 1053 Chic M il So St P term g 5s 1914 J-J 106 ........ 108% M ar’06 ___ 108% 108%
4
3 105 % 111
1 0 0 % 1 0 2 8}
General g 4s series A ..H 9 8 9 J-J 108 108*2 108% 108%
109% J’ ne’ 04
R egistered................... el989
91
98*4
93% J’ ne’ O
G
93
97
General g 3 828 series B .el989 ?:5 ........ 94
Chic So L Su D iv g 5 s___1921 J-J 1 1 0 % ......... 115% Oct ’ 05 . . . .
91
97
115% J ’ ne’ O
G
115% 118*4
Chic So M o R iv D iv 5 s ... 1926 J-J 113
Chic So P ac D iv 6 s .......... 1910 J-J 105 8a........ 108 A p r ’06 . . . . 1107% 108%
93% 983
4
Chic So P W 1st g 5s....... 1921 J-J 1118a........ 114 J'n e’ 06 . . . . 413% 115
1008al00*2
110 J ’ne’O
G
:107 % 110%
Dak So Gt So g 5s.............1916 J-J 1078al0'9
137% J ’ ly ’99
Far So Sou assu g Gs....... 1924 J-J 123% ..
113 J ’ne’ O . . . : i i i % i i 3
G
H ast So D D iv 1st 7s....... 1910 J-J 108*4
1
LO
G A ng’ 04
l s t o s ............................... 1910 J-J 102
988a 1018a
182% A p r ’06 .... 1 8 2 ^ 1 8 2 ^
I So D E xten 1st 7 s .........1908 J-J
111% May’ O . . . . 111 % 113%
G
LaCrosse & D 1st 5s___1919 J-J 109*4 . . . .
98% 102*2
106% A p r’05
M ineral P oint D iv 5s___1910 J-J 102%
105 ” 105
2 105
lu8%
So M inn D iv 1st Gs.........1910 J-J 106
132 7 132%
8
106%106%
Southwest D iv 1st Gs___1909 J-J 104 105 106% F e b ’ 06
112% A p r ’ 06
W is So Minn D iv g 5s___ 1921 J -J l l o % ..
112% 115*4
- 106*2........ 108% Mar’ 06
D
MU So N o 1st M L 6 s . . . . 1910 J
108%108%
998a 99*2
I l lD
L15 F e b ’ 06
115 115
1st consol Gs.................. 1913 J
90
95*2
122
1 2 2 % J'n e’ uo
122% 126
98
99*2 Chic So N orthw cons 7 s ___1915 Q-F
,102% 105%
E xtension 4 s.........1886*1926 F-A 101*2........ 102*4 J ’ly ’06
102 M ar’ 06
R egistered.......... 1886-1926 F-A 1008a
401% 102
B81 9a3 98*4 J ’l v ’ 06
*
4
97 100%
938a 97
General gold 382 s .............1987 M-N
103 N ov’ 98
93
95
R e g istered ..................p l9 8 7 Q-F
113 J’ne’ O
G
•LIB 113
Sinking fund G s ...1879-1929 A-O
101 105 8a
114% F e b ’06
114% 114 %
R egistered.......... 1879-1929 A-O
100 82 103*2
109% J ’l y ’06
108% 109%
90% 92
Sinking fund 5s. ..1879-1929 A-O 109%
107% 107%
107% J ’ne’ O
G
R egistered.......... 1879-1929 A-O
95% 99%
1
104*8 104%
90
93
D ebenture 5s................... 1909 M-N 1*02% 102% L04% M ar’06
104 M ar’04 .... 1 . . . .
R egistered..................... 1909 M-N
105% J ’l y ’ 06
405 % l l 2 *4
.......... 1921 A-Oi 106
D ebenture 5s............
108% J a n ’ 04
R egistered..................... 1921 A-O 1 105% .
Sinking fund deb 5s....... 1933 ;V1-N 11'2 U 4 116% Mar’ 06 ___ 416% 117
117 F e b ’ 0 6 .... 1117 117
R egistered.................... 1933 Afl-N
97 11)6
Des Mo So Minn 1st 7 s.. 1907 F-A
105 % D ec ’ 05
N orth Illinois 1st 5s___ 1910 M -S
104 D e c ’05
Ott C F So St Paul 1st 5s 1909 M -S .101
102% J’ ne’06
102% 102 %
W inona So St Pet 2d 7 s.. 1907 M-N 101%
123% 123%
M il L S So W est 1st g 6 s 1921 M-N 123% .
1 122% 126%
G
E x t So Imp sfund g 5s 1929 F-A 117% H 8% 117% May’O
117x 118
4
Ashland D iv 1st g 6 s .. 1925 M -S 1 2 6 % ......... 142% F e b ’02 . . . .
116*2 119*2
1 2 3 % ........ 128% F e b ’ 06
M ich D iv 1st g 6 s ........ 1924 J -J
jl28 % i ‘28%
i05% Sep ’05 —
Convertible deb os___1907 F-A
................
109 ~Sep ’ 03
In c o m e s .........................1911 M-N 102
124 124
118
i il8
120%
127 128 8a Chic R ock Is! So Pac 6 s ... 1917 J-J ........ 1 l88} LIS
117% 117%
R egistered..................... 1917 J-J 117% ..
5 117% 119%
1 0 0 % 22
General gold 4 s................ 1988 J-J 100% Sale lu o
99% 103*4
98% 99%
97 1 0 0
99
100% 11 | 99 102
R egistered..................... 1988 J-J
93%
94
93% Sale
R efu n din g g 4 s .............. 1934 A-O
55
92% 97
100 8al03
96
97 J ’l y ’04
Coll trust S e n e s H 4s ..1910 M-N
105 108%
94
M-N
97% D e c ’ 05
J 4 s.................................1912
105% 105%
j
91 % . . .
96 N ov’ 05
M 4 s ............ , ..................1915 M-N
...................
9 0 % ......... 93 May’ 04
N 4 s ................................ 1916 M-N
90 ........ 89% May’O
G
O 4s................................. 1917 M-N
89% 89%
89 82 ......... 90 Max’ 04
P 4 s .................................1918 M-N
75%
77 153 75*4 81%
7 5 % Sale
Chic B, I & Pac R R 4 s ..2002 M-N
94
95
|
79 D e c ’05
R eg istered .................... 2002 M N
90% Sale
90*4
90% 36 88*4 93
Coll trust gold 5 s........ 1913 M-S
119 121
D
!
102% May’O
G
100*4 1 0 2 %
Bur Ced R So N o 1st 5 s .1906 J
109 114%
Con 1st So col tr g 5 s ... 1934 A-O 1 1 7 % ......... 117% 117%
117% 119*4
113 113
1 2 0 % Mar’ 03
R egis ter ed..................1934 A-O,
93% 99
A-O 109 ........ 111 N ov ’ 05
C R IF & N W 1st gu 5 s .1921
80*2 93
D
M So St L 1st gu g 7 s.. 1927 J
758a 91
G
Choc Ok So G gen g 5s .01919 J -J ; 1 0 4 % ......... 105 May’ O
105 106%
93
948a
111
111
Consol gold 5s.............. 1952 M-N 1 0 7 % ......... 111 May’06
K eok So Des M 1st o s ___1923 A-O 106% 109 108 A p r ’06 . . . . 108 1 1 1 %
Chic St L So N O Sec 111 Cent

M IS C E L L A N E O U S B O N D S—C ontinued on N ext P ag e.
I
S tr e e t iiu ilw a y
B rooklyn Rap T r g 5 s ....... 1945 A-O ........ 105
105% J ’ne’ 06
105% 109
1st refund con v g 4 s ___2002 J -J
92% Sale
92
94% 227 91*4100
Bk City 1st con 5 s .1916.1941 J -J 104% 109 107 J’ne’06
106 107
Bk Q Co So S con gu g 5 s .1941 M-N 1 0 0 ........ 1 0 0 J ’ne’ 06 . . . . 100 104
Bklyn Un E l 1st g 4-5S.1950 F-A 108*4 109 108% 108% 11 107% 113%
Stamped guar 4-5s___1950 F-A
110
F e b ’06
110
110
K in gs Co E l 1st g 4 s___1949 F-A *......... 82
91 May’OG
90
95
Stamped guar 4 s .........1949 F-A
93*4 Sale
93
93% 39 89
96%
Nassau E lec gu g 4 s ___ 1951 J-J ........ 87% 88 J ’n e’O
G
87% 89%
Conn R y cfc L lsttfc ref g 4 % s ’ 51 J-J 1 0 2 ....... . 102 M ar’ 06
102
102
Stamped guar 4 % s ........ 1951 J -J 1 0 0 ........ 102% A p r ’06
10U% 102*4
Den Con T r Co 1st g 5 s ...1933 A-O
95 J ’ne’ O
O
Den Tram Co con~g 6 s .. 1910 J-J
I)et U nited 1st con g 4 % s.l9 3 ‘2 J-J
94%
4 90% 96%
93
94*4 94
H avana E lec consol g 5s. 1952 F-A ........ 93
93
93
3 93
95%
In ter-M et coll 4% s............ 1956* A-O
85*4 Sale
85% 997 80% 90%
84%
L ou is R v C o le t con g 6 s .. 1930 J-J
109 Mar’9 8
ManUa E lec 1st So coll 5s. 1953 M-S
94% 96
98 May’O —
G
93 100%
*N o price Friday; la te st p rice tin s week, a D ue Jan d D ue A p r e D ue M ay

S tre e t R a ilw a y
Met St R y gen col tr g 5s. 1997 F-A
R ef g 4 s ............................ 2002 A-O
Bway So 7th A v 1st c g 5s 1943 J-D
Col<& 9th A v l s t g u g os. 1993 M-S
L ex A v So P F 1st gu g 5s 1993 M-S
Third A v e R R con gu 4s 2000 J-J
Third A v e R y 1st g o s .. 1937 J-J
Met W S E l (Chic) 1st g 4s. 1938 F-A
MU E l R y So L 30-yr g os. 1926 F-A
Minn St Ry 1st con g 5s.. 1919 J-J
N Orl R y So L t gen 482 s .. 1935 J-J
St Jo R y L t HcfcP 1st g 5s. 1937 M-N
St P aul City Cab con g 5s. 1937 J-J
Underground c l L on 5 s ... 1908 J-D
Union El (Chic) 1st g 5s.. 1945 A-O
United R R s San Fr s f 4 s. 1927 A-O
United R ys St L 1st g 4s. 1934 J-J
W Chic St 40-yr con g 5s. 1936 M-N
^ D u e J ’ne A D ue J ’ly k D ue A u g

111

85
■
........ I l l
113 118
111 113 82
91% 92%
115 115 82
84

109
90

IIO8 H I
2
85

85

110

110

13 110
3 83
5 110

114% May’06
114 May’06

114*0 I U

q i 1.
u>
11
118 J ’ne’ O
G
93 82 J ’ ly ’ 06
106 Oct ’ 99
10782 F e b ’06
89 % 89 82 10

1 1 4 8 2 N o v ’05
.......... 1 1 4
9 5 78
95 7g
9 5 82 9 5 %

101

.......... 10(534 J ’ly ’ 05

79 % S a le
.......... 8 9

0 D ue Oct

7982
85%

79%
8 5 34

117
92
116%
82

1 1 3 *2 I I 682

91*4 95 8s
119
9382 93 82

116%

107 8 2 1 0 7 82

8982

92*4

95ka 98%
114

2

71

89*4

90
99 D e c ’97
y D ue N ov 5 O ption Sal®
*4

New York Bond Record—Continued— Page

J u l y 1 4 190G
BOND!?*
X. Y. STOCK E X C H A N G E
W kkk

E n d in g J u l y

S K
o

13

tr ic e
Friday
July 13

Weed’ s
Kanqe or
Last Sale

2•
«
*

Kanqe
-J
Since
^ -c January 1

Lour
Hiqh No
1324 J iy ’06 —
93 Deo ’ 03 —
133 J ’ne’U . . . .
O
1294 Mar*04
120*4 J ’ne’O . . . .
O
101 4 Aiay’ Oo
i
93 4
984
113 4 J’ne’O •' O

Sto
Ask
Low Hiqh
Chic St L cfc Pitts See PennCi
131 135
132 136
Chic S t P M A O con 6 s ... 1980
92
Cons Os reduced to 34s.l93<
130 133
13i*4 135
Cli St P < Minn 1st &6 s 191 fc
125 ........
Nor Wisconsin 1st Os... 193i
120 4 124*8
120 82 ........
St P cfc S City 1st g Os... 1910
1004 101 4
Chicago Ter Trans g 4 s ... 194*.
9 3 4 ........
98 1004
Coupon o f f ...............................
113 114*8
Cine A West Ind gen g 6 so 193.
..................
Chic < W Mich See Pere Marq
fc
Choc O < G ulf See C R I cfc P
fc
113 O c t’ 00
Cm H A D 2d gold 4 4 s ... 1987 J -J
i 107 4 112
Cin I) < I 1st gu g 5 s ...19*11 VI-N ........ 109 82 107 4 107 4
fc
C Find cfc Ft W 1st gu 4s g.’ 28 M-IV
.... 91
91 Mar’06
91
Cin 1 cfc W 1st gu g 4s. 1953 J-J
C I St L cfc C See O C C < St i
&
Cin S A C See C C C S t L
Clearfield < Mah See B R cfc P
fc
*
Clev Cm C A St L gen g 4s 1993 J -i) 102 102 Y 102 4 1024 — 5 102 105*4
i
Cairo Div 1st gold 4s---- 1939 J-J ........ 100 4 1 0 0 4 J ’l y ’ O — 1 0 0 4 1004
100
101\
98 100 100 J’ ne’uo
Cin W < M Div 1st g 4s. 1991 J - J
fe
3
St L Div 1st ooi tr g 4 s..l9 9 t' M-N 100 83 Sale 1004 1004 .... 100 103
4
Registered.................... 199'- M-N ........ 99 100 Oct ’U ....
Spr cfc Col Div 1st g 4s.. 1940 M-S
W W Val Div 1st g 4 s ...1941 J-J
C I St Ltfc C consol 6 s.. 192o M-N 105 4 ...... . 105 J a n ’04 . . . .
O
1st gold 4s............ ^ ../c l9 3 i Q -l 100 103 82 101 J’ ne’ O — i b i 1 0 3 4
*
R egistered...............fcl930 Q-F . . . . . . . . . . . . 101 May’ O — 101 103
i
Cm S cfc Cl con 1 st g 5s. .1928 J-J 110 4 ........ 113 4 J’ ne’O — I12«e 115
C C C A 1 consol 7s........ 1914 J -1) 1 1 3 4 ........ 122 J a n ’ 06 .... 122 122
_
_
Consol sink fund 7s___ 1914 J-D
129 4 ........ 134 F eb ’ 06 .... 134 135
General consol gold 6 s. 1934 J-J
Registered................. 1934 J-J
104 4 N ov’01
Ind Bl < W 1st pret 4 s.1940 A-0
fc
O Ind < W 1st pf 5s...til938 Q-J
fc
6 96 4101
98
98
Peo < East 1st con 4 s ... 1940 A-0 ........ 93
fc
80
70 Sale
70
72 4 62 69
Income 4s...................... 199( Apr
Ci Lor tfc Wli con 1 st g 5s. 1933 A-O 1094 ........ 115 4 Alar’06 . . . . 1 1 541 154
Ciev cb Marietta Nee Penn 11R
1164 Jan ’0Clev cfc Mahon Val g 5 s ... 1938 J-J 1128a. . . .
Clev cfc Pitts See Penn Co
7 14 16 71
794
Col Midland 1st g 4s......... 1947 J-J , 71 ........ 71
23 90
93 4
94
964
Colorado < Sou 1st g 4 s ...1929 F-A 1 94 Saic
fc
Colum & Greeny See So Ry
Col < Hock Val Nee Hock Ya.
fc
Col cfc Tol See H ock Val
Col Conn < Term see N < W
fc
fc
Conn < Pits Rive 1st g 48.1943 A-0
fc
Gt So
P
D ak <fc cfc WacoNee CM cfc St T
alias
See M K cfc
10441074
Del Lack cfc Western 7 s ... 1907 M-S 105*4......... 1044 A p r’ 06
O
M om s cfc Essex 1st 7 s ...1914 M-N 120 " ........ 120 J ’ne’ O . . . . 120 1264
1st consol guar 7s.......1915 J-D 1 2 0 34 ........ 127 J a n ’ 06 •••• 126*8127
127 J’ne’05
Registered................. 1915 J-D
1st ref gu g 3 4 s .......... 2000 J-D
N Y Lack cfc"W 1st 6 s ... 1921 J-J 1218c........ 126 4 Alar’ 06 .... *126 41*26 4
*
112 1144
Construction 5s.......... 1923 F-A n o 1 ........ 112 Alai’ 06
102 1024
Term cfc improve 4s___1923 M-N 1023s........ 1 0 2 4 J’ ne'Oo
Syr Bin°; cfc N Y 1st 7 s..1906 A-O 102 4 ........ 1014 May’06
~
10141044
95
102 F eb’03
Warren 1st ref gu g 3 4S-2000 F-A
127 5s ........ 133 F e b ’06 __ 133 133
Dei < Hud 1st Pa Div 7s. 1917 M-S
fc
149 Aug’ Ol
Registered.................... 1917 M-S
10-yr c: n v deb 4s.......... 1916 J-D 107 4 1 0 8 107 4 103 4 129 107 1104
1 1 1 4 ........ 1 1 0
1 1 1 4 12 105 1L7
Alb cfc Sus conv 3^23.......194 6 A-0;
uens cfc Saratoga lst7 s.I9 2 J M-N | 1 3 3 4 ........ 142 4 Alai ’05 ....
Dei Riv R R Bridge See Pa HP
r
»
Denv A K G r 1st con g 4 s.1936 J-J 1004 Sale 100 4 100 4
99 1014
___ 1064108
Consol gold 4 4 s ..............1936 J-J 103*4 1U8 4 103 Alar’06
.... 107 109
Improvement gold 5 s...1928 J-l> 1054107 107 4 Alav’06
2 94*4 100
91 *4 95
944
95
Rio Gr West 1st g 4s___1939 J-J
8S*8 90
83\ J ’l y ’06 . . . . 86 4 92
Mge and col trust 4sA.1949 A-0
97 J a n ’02
XJtali Cent 1st gu g 4s al917 A-0
Rio Gr So gu See Rio Gr So
D esM oicfcF tD See M cfc St L
D e s M A Minn See Cli cfc N V
110 Sep ’ 04
Des Moi Un Ry 1st g 5 s..1917 M-N
Det M & Tol Nee L S cfc M So
99 4 F eb ’ 06
9 3 4 96
994 994
Det cfc Mack 1st lien g 4s. 1995 J-D
964 Alar’ 06 —
Gold 4s..............................1995 J-D ........ 92
95
964
814 Mar’05
Det Sou 1st g 4 s............... 1951 J-D
Ohio Sou Div 1st g 4 s ...1941 M-S ........ 8 9 4 8 9 4 J’ne’ 06 .... 89 4 93*4
112 114
Dulcfc Iron Range 1st 5 s..1937 A - G 112 ........ 113 J’l y ’06
1 1 2 4 F e 0 ’06
Registered........................1937 A-O
11241124
2d 6 s .................................1916 J-J
Dul Short Line 1st gu os.. 1916 M-S 1034
Dul So Shore cfc A ti g 5 s..1937 J-J 110 113 1134 A p r’06 .... 113 1134
lAastof Alinu See St P M cfc M
Xbast Ten Va A G a See So Ry
1 1164119*8
Elgin J ol < Fast 1st g 5 s.1941 M-N 1 1 6 4 ........ 1164 H G 4
fc
Elm Cort cfc N o See Leh cfc N Y
Erie 1st ext gold 4s............ 1947 M-N 105 ........ 1074 J a n ’ 06
10741074
2d ext gold 5s.................. 1919 M-S 112 ........ 1144 F eb ’06
114 1144
107 4 May’ 06
3d ext gold 4823 ............... 1923 M-S I0 8 5a ..
107 4 1084
4th ext gold 5s................. 1926 A-O 1 1 2 4 ...... 115 4 J a n ’06 . . . . 1154 1154
103 F eb’ 05
5th ext gold 4s.................1928 J-D 10034
O
1st consol gold 7s............ 1920 M-S 1304131 f 131 J’ ne’ O .... 128*81344
1st consol g fund 7s.......1926 M-S 1 2 8 4 ........ 133 F e b ’ 06
133 133
100** 44 99 4 1 0 2
Erie 1st con g 4s prior..1996 J-J 100 4 Sale 100
Registered.................... 1996 ! J-J
1004 A p r’ 06
1004 1004
64 89 4 934
90 Sale
ist consol gen lien g 4s.. 1996 J-J
89 4
90
Registered.................... 1996 J-J
88 Nov’ 04
5 91
Penn coll tr g 4s............ 1951 F-A
94 4 Sale
98
94 4
944
50-year conv 4s A ........ 1953 A-0 1U2 Sale 102
104 4 163 100*4 1094
127 N ov’05
Bull N Y' cfc Erie 1st 7s.. 1916 J -L 1 2 0 4
Bull < S W gold 6 s ........ 1908 J-J
fc
9 9 4 ........ 104Y, F e b ’06
i0 4 38 1044
Chic cfc Erie 1st gold 5s. .1982 M-N 119 120 4 119*4 J’ ne’ 06 .... 118 122*4
Jeff RR 1st gu g 5s___al909 A-0 1 0 2 4 ..
102*4 Dec 05
o11 3 5 4 1 3 5 4
Long D ock consol g 6 s .. 1935 A-O
135 4 135 4
Coal < RR 1st cur gu 6 s. 1922 M-N 1 1 1 4
fc
118 J ’l y ’ 04
Dock < Imp 1st cur 6 s .. 1913 J-J 105
fc
115*8 D e c’ 05
N Y cfc Green L gu g 5s. 1946 M-N 1144
121 4 Oct ’05
115 118
N Y Sus cfc W 1st ref 5s. 1937 J-J 114 115 1164 J’ne'06
103 103
103 F eb ’ 06
2d gold 4 823...................1937 F-A
General gold 5a............ 1940 F-A ........1064 106 4 106 4
5 105 110
Terminal 1st gold 5a... 1943 M-N 117 ........ 118 AIay’06 . . . . 1154 1154
Regis $5,000 each ... 1943 M-N
M id R R of X J 1st g 68.1910 A-0 1 0 6 4 ........ L07 J ’ly ?06|---- 107 1094
Wilk cfc Ea 1st gu g 58.1942 J-D 110 ........ 110 J ’ne’06; — n o 113
Ev cfc Ind 1st con gu g 6 s.. 1926 J-J 112
...... 116 A p r’061___ 116 118
M IS C E L L A N E O U S
C o s a n d E l e c t r i c L ig h t

Atlanta G L Co 1 st g 5 s ...1947' J-D
Bklyn U Gas 1st con g 5 s.1945 M-N
Buffalo Gas 1st g os..........1947 A-O
Consol Gas conv deb 6s___1909 J-J
Con sum Gas See P G cfc C Co
Detroit City Gas g 5s........ 1923 J - J j
Det Gas Co con 1st g 5s...191b F-A
E d E lliiB k n See K C oE L cfcP
Ed F ill SeeN Y G c fcE L H & P
Eq G L N Y 1st con g 5s.. 1932 M-S
Gas cfc Elec Berg Co c g 5s. 1949 J - D
Gen Electric deb g 3 4 s.. 1942 F A
Gr Rap G L Co 1st g o s . . . 1915 F - A
Hudson Co Gas 1st g 5s.. 1949 M-N
Kan City (Alo) Gas 1st g 5s 1922 A-0
Kings Co El L < P g o s ...] 937 A - O
fc
Purchase money 6 s........ 1997 A - O
Ed El 11 Bkn 1st con g4s 1939 J-J

BONDS

X . Y. STOCK EXCH AN G E
W kkk E n d in g J u l y

13

si
^ V
.
-1

Erie cfc Pitts See Penn Co
Evans cfc T H 1st cons 6 s. 1921 j - j
1st general gold 5s........ 1942 A-0
Alt Vernon 1st gold 6 s .. 1923 A-0
Suil Co Branch 1st g 5s. 1930 A-0
IJargo cfc So See Cli M cfc St 1'
‘ lint cfc Pere M See Pere Mai
Fla C cfc Pemn see Sea Air Line
Fort St U D Co 1st g 4 4 s. 1941 J-J
Ft. W cfc Den C 1st g 6 s ....1921 J -D
Ft Wcfc Rio Gr 1st g 4s. ..1928 J-J
/ 1al lia r cfc S A See So Pac Co
VTal H cfc H of 18S2 1st 5s. 1913 A-0
Georgia cfc Ala See Sea A Line
Ga Car cfc Nor See Sea A Line
Georgia Pacific See So Ry
Gila V G cfc Nor See So Pac Co
Gouv < Oswegat See N Y Ceui
fc
T
Grand Rap cfc Ind Nee Penn RR
Gray’ s Pt Term See St L S W
Gt Nor—C B < Q coll tr4s 1921 J-J
fc
Registered, h ...................1921 Q-J
G reenbrier Ry See Ches cfc O
Gulf cfc S 11 st rot' cfc t g 5s 51952 J-J
an cfc St Jo See
H ousatonio See N CrB cfc Q H
Y N H cfc
Hock Val 1st consol g 4823 -1999 J-J
Registered........................1999 J-J
Col cfc H V 1st ext g 4s.. 1948 A-O
Col cfc Tol 1st ex 4 s .......1955 F-A
Houst E cfc W Tex See So Pac
Houst cfc Tex Cen See So Pac Co
J-J
Lllinois Central 1st g 4 s ..1951 J-J
Registered.................... 1951
1st gold 882s.................... 1951 J-J
Registered.................... 1951 J-J
Extended 1st g 3 82s....... 1951 A-0
1st gold 3s sterling........ 1961 M-S
Coll Trust gold 4s.......... 1952 A-0
Registered.................... 1952 A-0
L N O cfc Tex gold 4s ...1953 M-N
Registered.................... 1953 M-N
Cairo Bridge gold 4s___1950 J-D
Louis vDiv&Terni g3 4s. 1953 J-J
Middle D iv r e g 5 s ..........1921 F-A
Omaha Div 1st g 3s.......1951 F A
St Louis Div<fcterm g 3s. 1951 J-J
Registered.................... 1951 J-J
Gold 3828 ..................... 1951 J-J
Registered................. 1953’ j - J
Spring Div 1st g 3828 ...1951 J-J
Western Lines 1st g 4 s ..1951 F-A
Bellev cfc Car 1st 6 s.......1923 J-I)
Garb cfc Sliaw 1st g 4 s ... 1932 M-S
Ohio St L cfc N O g 5 s ...1951 J-D
Registered.................... 1951 J-D
Gold 3 4 s ........................1951 J-D
Registered................. 1951 J-D
Meinpli Div 1st g 4 s ...1951 J-D
St L Sou 1st gu g 4s___1931 M-S
Ind Bl cfc West N ? C C C < St L
c<
fc
Ind Dec cfc W 1st g 5s....... 1935 J-J
1st guar gold 5s............... 1935 J-J
Ind 111 cfc la 1st g 4s......... 1950 J-J
Int cfc Great Nor 1st g 6 s..1919 M-N
2d gold 5s......................... 1909 M-S
3d gold 4s......................... 1921 M-S
Iowa Central 1st gold 5s.. 1938 J-D
Gold 4s..............................1951 M-S
Jefferson R R See Erie
ai
See L
K anA <fc G R See Tol S <fc M S
& Mich
cfc O C
IC C Ft S cfc M See St L cfc S F
K C cfc AI R & B See St L cfc S F
Kan C cfc Pacific See M K cfc T
Kan City Sou 1st gold 3s.. 1950 A-0
Registered....................... 1950 A-(>
Kentucky Cent See L cfc N
Keok < Des Alo See C R IcfcP
fc
Knoxville cfc Ohio See So Ry
Erie cfc W 1st g 5 s .. 1937 J-J
L ake gold 5s......................1941 J-J
2d
North Ohio 1st gu g 5 s.. 1945 A-O
L Sho cfc Alich S See N Y Cent
Fell Val N Y 1st gu g 4 8 2 3 .1 9 4 0 J-J
Registered....................... 1940 .T. .1
Lehigh Vai (Pa) cons g 4 s.2003 M-N
Leh V Ter R y 1st gu g 58.1941 A-O
Registered........................1941 A-O
Leh V Coal Co 1st gu g 5s. 1933 J-J
Leh cfc N Y 1st guar g 4 s .. 1945 M-S
Registered........................1945 vf-S
El C < N 1st pf 6 s .....1 9 1 4 A-0
fc
Gold guar 5s................. 1914 A-0
Leh cfc Hud R See Cent of N J
Leh cfc AVilkesb See Cent of N J
Leroy cfc Caney Val See Alo 1
Long Dock See Erie
Long Isl’ d—1st con g 5S.M931 Q-J
1st consol gold i s ........ 7^193 ] Q-J
General gold 4s............... 1938 J-D
Ferry gold 482 s............... 1922 M-S
Gold 4s..............................1932 J-D
Unified gold 4 s ............... 1949 M-S
Debenture gold 5s.......... 1934 J -D
Guar ref gold 4s.............. 1949 M-S
Bklyn cfc Mont 1st g Os..1911 M-S
1st 5s..............................1913 M-S
N Y Bcfc Al B 1st con g 5s 1935 A-O
N Y & R B 1st g 5 3 ....... 1927 M-S
Nor ShB 1st con g g u osol9 3 2 Q-J
Louisiana cfc Ark 1st g os. 1927 M S
Louisv cfc Nasliv gen g 6s.1930 J-D
Gold 5s..............................1937 M-N
Unified gold 4s............... 1940 J-J
Registered.................... 1940 J-J
Coll trust gold 5s............ 1931 M-N
5-20-yr col tr deed g 48.1923 A-0
E H cfc Nash 1st g 6 s ....1919 J-D

tr ic e
Friday
July 23
Hid
Ask
117 ........
1064 109 4
........ . . . . . .
1 0 3 4 ........

Week's
Uanye or
Last sale
Low
122
109 4
114
106 4

105
111
8 6 4 ........ 87
........ 103

974 Sale
97*6........
101

101

Kanqe
-5 X January 1

Hiqh No Loio Hlqh
Oct ’05
J’uo’ iM
.
Lu7 4 iO.' 4
A p r’U
.i
F eb ’O .... Iloti 4 1 0 6 4
i
Mar’9 s
J’ l y ’06
J ’ly ’00 —

V 'l
87

D e c’ 05

|
..................

. . . .

974
98 416
98 J ’ly ‘ 06 —

........ 1014

1014

115
91

97 1014
9741014

f> 1014 1054

1054 Sale 105 4 105 Y 11 1054 n o
105 4 J ’ ly ’Oi
100 ____ LO May’ ()(>
O
1 0 0 4 ib 1 4
101*4 1044 1004 J l y ’ O .... 100 1 0 0
* 1 0 9 4 ........ 110 D e c’05
113 4 Alar’ 00
9 9 4 ........ 100 J ’ne’06
ib o 10 0
5 954 954
954
95 4
. . . . . . ........ 99 4 J’ne’O . . . . 9 9 4 1 0 1 4
O
70 Oct ’04
*106 ........ 106
106
1 104 4 107 4
........ 106
102 Oct ’ 0]
104 4 Sale 104 4 105
4 103 1064
100 May’06 ••«• 100 100
1064 Mar’ 03
9 1 4 ........ 9 1 4
914 20 9 1 4 944
105 ........ 123 AIay’99
_ 7 8 4 78 4
78 4 A p r’06 _
82 4 Alay’Oi . . . . 8 2 4 8 2 4
........

914

ib i* 4 ........
1 1 6 4 ........
1204 Sale
8 6 * 4 ........

9 3 4 J’ne’06 ... 93 4 9 3 4
101 4 Oct ’99
100 Nov’O
O
107*4 Jan ’Oi; ___ 107*4 1074
122 D ec’ 05
90 Nov’9*
5 120*6 123 4
1204 1204
119*4 Alar’ 04
93*8 May’ 04

99*4........ 1104 Jan ’ 05
103 N ov’ 04
305 ........
102 ........
98410 0
. . . . . . 1174
10041024
75*4 774
110*4 1114
........ 86

7 2 4 73

108 4 Jan ’Ot
1087 108 7
6
g
107 4 Dec 02
100 Alay’Oi'
99 100
117 J ’ne’Oi
116 120
102
102
5 98 102 4
75 4 J ’ne’O
O
754 80
. m^ 1114 115
_
1114 J’ne’ O
O
86 Alar’ Oo
SO
88

72 4
72 7e 39
63 Oct ’ 00

7 0 4 754

1 1 5 4 ........ 1154 J ’ly ’06
1154119
110*4........ 112*4 J’ne'OO
112*4 113 4
108 ........ 117 JaD ’ U .... 117 117
O
1 0 9 4 ........ 109*8 109Y 15 1 0 9 4 1 1 1 4
112 4 Nov’ 05
98 ____ 984 J’ne’O
i
.98 4 98 4
111 ........ 118*4 A p r’ 00 ___ 118*i 120 4
109 Oct ’ 99
q
u
110 4 ........ 112 S Apr ’ O .... 112 1154
94
99
96 May’06 . . . . 96 4 9 64
107

e
........ 113 7 Jan ’00
n 3 7 1134
8
1054 J a n ’ Oc .... 105 4105 4

O
113*8........ 115 J’ne’O
100 4 ........
t
........ 9 8 4 98 4 J’ ne’ O
102 Nov’ 05
9 9 4 Oct ’ 05
O
9 6 4 967 97 J’ne’O . . . .
e
110 J’ ne’ 04
2b
ioo Sale 99*8 100
105 4 ........
101 ........ 103 y J’ly ’bt
110
112 Alar’ 02
111 J a n ’ 06
112 4 J ’ ly 05
107 7 ..
e
.......: 10 5
105 ~J’ ne’06
115 ........ 1154 J’ne’O
O
116*8........ 1214 F eb’ 00
57
100 4 Sale 1 0 0 4 101
1 0 1 4 J’l y ’ oc
........ 113
1114 J’ ne’ U
O
34
97 4 Sale 97 4
98
1 1 0 4 ........ 114 4 J’ ne’ 05

1144 117
9841024
96

i b i *4

99

1024

L03»8 103««
111

111

105
1154
120
1004

105
1204
1214
1044

100

1014

1 1 141 154
97 100 4

B O N D S —C o n tin u e d o n N e x t P a g e .

|
|
1 1
— |
1

fia s and E lectric Light *
Lac Gas L ot St L 1st g 5s.el919 Q-F
108
Ref and ext 1st g 5s.......1934 A O
........ 108
JOS'i
4 10S 1134
71
1 70
80-4 Milwaukee Gas L 1st 4 s.. 1927 M-N
71 ........ 71
J-D
139 140 141
141V
7 137 168*4
F-A
Ed El III 1st conv g
M-S
1 0 1 4 ........ 104 J’ne’06 . . . . 102 104
........ ........
1 st consol gold os.
..1995 J-J
102 ^ ........ 105 Sep ’ 05 . . . . •
F-A
N Y c Rich Gas 1st g 5s. 1921 M-N
fc
11 9 Nfiv’ 03
.
Pat cfc Pas G cfc E con g 5s. 1949 M-S
61 Oct ’()] ...1!__________ Peo Gas cfc 0 1st con g 6s. 1943 A-0
89
90
M-S
O
90 J’ne’O ...li 8 64 90
......... ___...
ChG-Lcfc C k e ls tg u g o s 1937 J-J
107*4 D ec’ OO'___j|
105 ........ 105 J’ne’Oi;___|]105 108 F
Con G Co of C1j lstg u g 5 H .’3G J-D
96 ........ 98 F eb ’ 0 6 ___ 98
98
Mu Fuel Gas 1st gu g5s.l947| M-N
Syracuse Lighting 1st g o s.’ 51 j . j )
C_
1ronton G < El 1st g 5s.. 1949 M-fe
fc
116 120 121 F eb ’O | _ |121 122
_ |
93 4 Alar’ OGj_ | 93 4 934 Westchester Light’ g g 5s.I960 J-D

* -No price Friday; latest bid and asked this week, v D u e J a n

81

2

U Due Feb d b u e A pr eD u eA lay T iD u eJ ’ly

|i04 1084
105 J’ne’ O
O
‘103 4103 4
103 4 AIay’06
1 93
94 4
9 34 J ’ne’ O
O
105
1U5*«
5 105 109*4
| 86
92
88
88
6
0
102 4 A p r’06 .... [1017 104 4
113 4 J ’ne’O
O
| 4 1 IS
L13
101 4 J’ne’ O — 100 4 1 0 4 4
O
........ i b i
103 N ov’05 ....
................. .
1044 Nov’05
120 J ’ ne’ uo
117 123
*
e
........1064 105 7 J’ ner00 ... 403 4 1077
L07 107
107 J’ ne’O
O
........ 107
105 J’ne'oo ... 405 108
................ .
103 4 D eo’05
I0 0 w 104 U
>
:
100 ........ 110 M ay’ Of
ioe i o s h
104 ........ 1U6 4 Apr'Ui
105 106
...... 105*8
........ 94 4
1054 Sale
87 ^ 88
1 0 1 4 ........

TcDuoAug o D u e O c t ^ D u o D c o ^Option M
i

BOND*
N. Y. STOCK E X C H A N G E
W ekk E nding J uly 13

^c

t r ic e
b'ridou
J uly 13

Week's
ltanye or
Last Sale

Ilia
Ask
Louisv < N ashv—(C ontinued)
fe
L Cln 6 c Hex g o ld 4 Has.,. 1931 M-M 105%
N O cfe M 1st gold 6 s . . . . 1930 J-J 127
N O 6c M 2d gold 6 s. ...1 9 3 0 J-J 1 2 0
] 15
M- 8
St B Div 1st gold 6 s .......1921 M-S 119% 1 2 2
71
79
2d gold 3a......................1980 M-S
.1 -D 116
B en der Bdge l s t s f g 6 s. 1931 M-S 1 1 0
97%
K entucky Cent gold 4s. .1987 J -J
B 6c N A M A M 1st g 4%s 1945 M-S 105 %
95
97%
B 6c N-South M Joiut 4s. 1952 J -J
N Fla (i; 3 1st gn g 5s
1937 F-A 112% 119
F-A 111
S A N A la con gu g 5 s ..1936 F-A 1 1 2 18
S in t fund jrnld Ils
1910 A - 0 104%
iT, A -1efl B<l "P ( '.o gu g 4 r 1945 .V 8
A/jj a hpn Coal See B S A M .8
B T anhattan B y consol 4s. 1990 A-0
A-O
J-J
fWcK J}> Ai B V See. N V Cent
t,
M ex Cent oonsol gold 4 s.. 1911 J -J
J ’lv
j ’ly
A-0
Coll tv g 4%s 1st Ser___1907 F-A
M-S
f -n
M ich Cent See N Y Cent
Mid ot N J See Erie
Mil B S cfe W See Chic 60 N XV
MU A N orth See Ch M 6 c St P
J -D
J -D
P acific Ey 1si, gold 6s
1921 A-0
J-D
1st consol gold 5s............ 1934 M-N
] stan d refund gold 4s 1949 M-S
Des M A F t D 1st gu 4 a .:.’ 35 J-J
M inn 6 c St B gu See B C R A N
M S tP A S S M con g 4 int gu ’ 38 J-J
J-J
M inn Un See St P M AM
Mo Kan A T ex 1st g 4 s ... 1990 J-D
2d gold 4 s........................p-i.990 F-A
1 st ext gold 5s
1944 M-N
1st A refund 4 s
..
2004 M-S
Gen a f 4 % r sub rents ..
St 11 Div 1 si. ref < 4 s
>
’
2001 A -0
Dal A W a 1st gu g 5 s ... 1940 M-N
Kan 0 A Pao 1st g 4s
1990 F-A
iV 0 K A E 1 at gu g f>a 1942 A-0
T
M K A Ok 1st gu 5s....... 1942 M-N
M K A T oJ T 1at gu g 5a 1942 M-S
Sher Sh A So 1st gu g 5s. 1943 J-D
T e x A Okia 1st gu g o s ... 1943 M-S
M issouri Pacific 3d 7 s.......1906 M-N
1st consol gold 6s............ 1920 M-N
T rust gold 5 b stam ped.a 1917 M-S
R e gi ste r ed
a 1917 M-S
1st coll gold 6s................. 1920 F-A
40-year gold loan 4s.
1945 M-S
Cent Hr Ry 1st gu g 4s 1919 -A
J -J
Pac hi of Mo 1st ex g 4s. 1938 F-A
2d extended gold 5s
1938 J-J
St D ir M A S<*en con g 5sl 931 A-0
A-0
Unified A ref gold 4 s.. 1929 J -J
R iv A G D iv 1st g 4 s.. 1933 M-N
IV erdi V 1 A W 1st g 5s. 1926 .V S
M ob A P>Lrm prior lien g 5s 1945 J-J
J ortgage gold 4s
M
1 945 J-J
M ob J A K C 1st cons g 5 s .l9 5 3 J-J
M ob A Ohio new gold 6 s ..1927 J-D
1 at ex tension gold 6s A.1927 Q-J
General gold 4 r .
1938 M-S
M ontgom D iv 1st g 5 s ..1947 F-A
St B A Cairo coll g 4 s..e l9 3 0 Q-F
Guaranteed g 4 s ______1931 J-J
M A O coll 4s See Southern
M ohaw k A M ai See N Y C A H
MonongalLela Kiv See B A O
M ont Cent See St P M A M
M organ’ s Ba A T See S P Co
M orris A Essex See Del B A W
T jj ash Chat A S tB 1st 7 s .1913 J J
W
1st consol gold 5 s.........1928 A -0
J asper Branch 1st g 6 s ..1923 J-J
M cM M W A A l 1st 6 s.. 1917 J-J
T A P Branch 1st 6s___1917 J-J
Nash Fior A Slief See B A N
N at 0 l XI e x pn or lien 4 %s .1926 J-J
1st con so f 4s.................... 1951 A-O
N ew H. A 1) S eeR Y N B A H
N J June K R See N Y Cent
N ew A Cin Bdge See Penn Co
N O A N E prior lien g 6s #1915 A -0
N V ilk in & Man Bc?i dee h 1
N Y Cent A B K iv g 3% s.l997 J-J
R egistered .................... ... ......................1997 J-J
D eben g 4 s .................................................. 1934 iVl-N
Bake Shore coll g 3 % s. . . 1998 F-A
R eg istered .. ..” ............................ 1998 F-A
M ich Cent c o ll g 3 % s .... 1998 F-A
R egistered .............................................. 1998 F-A
B eech Creek 1st gu g 4s. 1936 J-J
R egis tered___T.. .1___ 1936 J-J
2d gu gold 5s............... 1936 J-J
Beech Cr E x t l s t g 3%s 51951 A -0
Cart A A d 1st gul>- 4 s ... 1981 J-D
Clear! Bit C o a fls t s f 4s. 1940 J-J
G ouv A O s w e ls t g u g 5s 1942 J-D
M ob A Mai 1st gu g 4 s.. 1991 M-S
K J June R gu 1st 4 s ...1986 F-A
N Y A P u 1st con gu g 4s 1993 A-O

101% Sale
103

18
15

76
Sale
16

100 ^ 101
2

Low
High
109 M ar’05
130 J ’ne’ 06
122 % M ar’Od
114 A p r ’ 05
120 % .Mar‘06
74% Oct ’ 05
110 J’ne’06
108% Jan ’06
100 J’ne’ 06
108
103
95 J ’l y ’ 06
114 May’ 06
112% M ar’06
115% Mar’05
107 D e c ’05
97 May’06
101%

101%
104 A p r ’05
102% 103%

76
L
8
14%

77
19
16

4 101 J ’l y ’ 06
2
90% J ’ l y ’ 0J
105 May’ 00

Bona*
Sold

New Y ork Bond Record— Continued—

82

Range
Since
January 1

Page

RONDS
N. Y. STOCK E X C H A N G E
W ekk E nding J uly 13

M IS C E L L A N E O U S

IV©L. l x x x i i i .

t r ic e
tr id a y
J u ly J3

Ho Low H igh N Y Cent 6c H R—(Continued,)
— ........... .
Nor<fc M ont 1st gu g 0 s.1916 A O
128 130
W est Shore 1st 4s g u ...2361 J-J
.... 1 2 2 % 1 2 2 %
R egistered............
2361 J - J
.1.T)
1 2 0 %1 2 0 %
Registered.
1997 J -D
Debenture g 4 s ............1928 M-S
116 116
D et Mon 6 c T oi ) st 7s 1906 F-A
___ 108% 108%
Kn A 6c G R 1st- vu c 5s. 1938 J - J
. . . . 99 101
Mahon C’l HR 1st 5 s.. 1934 J-J
1 108
110
Pitts M cK 6c Y lfttgu 6 s 1939. J - J
___ 95
97
2d guar 6 s ......................1934 J - J
114 117
M cK ees & B V 1st g 6 s 1918 J-J
Mich Cent 1st consol 6 s 1 909 M. S
L1 2 % 1 1 2 %
....
5 s .................................;M 931 M-S
-A
Registered
1931 Q /5
97 100%
4 8 ___
1940 J - J
Registered
1940 J-J
J B & S 1st g 3 %ft
1 951 M-S
6 L00% 103%
1 st g 3 % s .......... 7.1. ” ” .1952 M-N
Rfl.r, n A Slur 1 <Tini c ‘-te 1O
-.
J.
r
'-iU I -D
1 0 1 0 2 % 106%
N Y 6c Harlem g 3%s
9.000 .71-N
Registered
2 0 0 0 M-N
N Y & N orth 1st g 5s
1927 V-O
3 76
85
R W<fc O con Is te x t5 s ./il9 2 2 A -0
78 16% 26%
Oswe 6c R 2d gu g 5s <2191 5 F-A
64 14
21
E W & O T B 1 st gu g 5s 1918 M-N
j .j
. . . . 98% 101
N Y Chic 6c St B 1st g 4s. 1937 A-O
Registered
1937 A-O

Y & H ar See N Y C 6 c Hud
N Y Back & W See D B 6 c \V
N Y B E 60 W See Erie
N Y 6c Bong Br See Cent of N J
134 %
137 J ’ne’05
N ew York New H sv 6c Hart
111 % Oct ’05
H onsatom e R eon 5s 1937
113
117% T’ ne'00
LI 7% 120 %
N H < 5 D erby con cy 5s.1918
£
113% M ar’ 05
N Y 6c N orth "See N Y C 6c R
20 111 114% N Y O 6c W ref l s t g 4 s ..#1992
111 113 113
113
*93%
93% J ’n e’06 ___ 90% 97
R egis S5,000 only
rvl 992
95
97 A p r ’ 06 . . . . 97
97 % N Y & Put See N " i C '& R
N Y 6c R B See Bong Island
99
102% J’ne’06 — 100% 102% N Yr S 6c W See Erie
103 N ov’ 01
N or 6c South 1st g 5 s .........1941
32 99% 103
99% Sale
99% 100
N orf 6c W est gen g 6s.......1931
15 85
88%
89
88% bale
92%
Im provem ’ t 6c ext g 6 s.. 1934
106 106 J ’ne’06 ___ 103 % 107%
N ew R iver 1st g 6s
1932
87% J ’ne’06
87% 91%
N 6c W R y 1st con g 4s 1996
88% J ’ne’ 06
R eg istered ...
w
1996
87
89%
2 88
88 H
i
88%
88%
D iv ’l 1st 16c gen g 4s. 1944
94
104 %
108 F e b ’Oo . . . . 105% 108
Pocah O & C join t 4 s.. 1941
96 J :ne’06 «V••
C (]& T 1 st g~n g 5s
199,9
95
Scio V cfe N E 1 st <■ p 4 s 1 989
>[] 113 113% JVlav’ 06
113%116
i 106% 109% N orth Illinois See Chi & N W
105 107 106% 106%
107%
105 J ’ne ’ 06
L05 109% N ortli Ohio See B E rie 6c W
101
108% Apr ’ 06 — 108% 108% N or Pac—P rior lien g 4 s .. 1997
- - - ••- 107 M 105% A p r ’ 06 — 105% 109%
R egistered.................... 1997
101 % r - - - - . 102% J ’ ly ’06 — 101 104
General lien gold 3s___a2047
120%121% 12Of; J ’ne’06
120 125
R e g is te re d ................. a2047
15 103% 107%
St Paui-Dul D iv g 4s___ 1996
103% Sale l.U3% 105
107% Feb ’06
104% 107%
R egistered
1996
2 103 108 %
104%
105
105
C B 6c O coil tr 4s See Gt N or
91%
92%
92% 10 91
94 %
St P 6c N P gen g 6s
1923
1 94
95
95
99
Registered" certitle’s 1923
94% 97
100
110 M ar’05
St, Paul fo Dnl 1 st 5s
1 931
104
L03 A p r ’06 _
103 105
2d 5 s ........................” ” 1917
115 % 120 L18 J ’ne'06
116 120%
1st consol gold 4s .
1968
8 112 117%
114
114%
1111
®
W ash Cent 1st g 4s
1948
116 N ov’05
N or Pac T er Co 1st g 6s 1933
- £ 90% 91
27 91
91
94
N or R y Cal See So Pac
92%
93% 27 92% 96
92% Sale
N or W is See C St P M & O
107% A p r ’ 0b —
107 % 107 % N or 6c M ont See N.Y' Cent
110
115% A p r ’06 . . . . 113 115% i \ Xnd < W See C C C & St B
fc
96 Oct ’05
vJniio R iver R R lftt g 5s 193(5
k
96 A p r ’ 06 . . . . 94% 97 | General gold 5s....... I___ 1937
97
126 May’ 06
126 127
Ore 6c Cal See So Pac Co
122 D e c ’05
Ore R R & N a v See, Un Pac
98% Jan ’06
Ore Short Bine See, Un Pac
98% 99
*114
114% J ’l y ’06 . . . . 113 114% Oswego 6c Rome See N Y C
93% 94% 98% J ’ne’06 _
_ 95
O C F 6 c St P See C 6c N W
98
101 N ov’04
97%
Oz’rk & Cher C 1st gu 5s g.1913
BJac Coast Co 1st g 5 s . . . .1946
X ac of M issouri See Mo Pac
Panama 1st s fund g 4 % s .. 1917
1 Sink fund subsidy g 6 s.. 1910
Penn Co—Guar 1st g 4 % s .1921
R egistered.................... 1921
119 May’06
116
Guar 3%s coll trust reg.1937
115% 119%
113% J’ne’06
Guar 3 %s co lltr ser B.^.1941
113%
112 115%
114
119% F e b ’06 ___ 119% 119%
T r Co certif’s gu g 3 % s .l9 I6
110
117% M ar’05
C St B 6c P 1st con g 5 s .1932
110
113 J ’ l y ’04
R egistered ........................ 7.________ 1932
Cl & R gen gn. g 4 %s ser A . ’42
101
105 A p r ’06
Series B . T.. .7............... 1942
102% 105
83 %
83 % 16 83
Series C 3% s................. 1948
83%
87%
Series D 3% s................. 1950
E rie 6 c Pitts gu g 3 %s B . 1940
Series C......................... 1940
N & C Bdge gen gu g 4 %s 1945
P C C & St B g u 4 % s A . .. 1940
96
96 % 35 96% 99%
Series B guar ................................... 1942
96 % 96 %
97% J ’ne’06
Series C guar ................................... 1942
97% 98%
100 101
100% 101% 18 98% 102
Series D 4s guar ........................ 1945
89 % Sale
69%
89% 33 88
Series E 3%Tguar g _______ 1949
93
88%
2 87% 91%
Series F 4s g u a r .................... 1953
88% 88%
89 %
89 % 6 88% 92%
Pitts F t W & C 1st 7 s ... 1912
89 m Sale
2d 7 s ................................1912
87% 88 % J ’ne’ 06
86%, 90%
102 %
3d 7s............................ A1912
102 ‘ j ’ l y *06
102 105 %
102 M ar’04
Penn R R 1st real est g 4 s . 1923
105%
Consol gold 5s................. 1919
Consol gold 4 s................. 1943
103%
Convertible g 3 %s.......... 1915
Convertible g 3 %s.......... 1912
95 A p r ’ 02
Ail eg V ai gen gu g 4 s ... 19 42
Cl cfe Mar 1st gu g 4 % s..l9 3 5
107 78 105 N ov’ 05
D R R R cfe B ge 1st gu 4s g .’36
105 Oct ’ 02
Gr R <fe I e x 1st g u g 4 %s 1941
104% Feb ’ 06
104 % 104 %

3

Bid,

Wee/c’ 8
Range or
Last Sale

Range
P "c | Since
-c > 1 January
:

sk Low

H igh Ao\ |
Low H igh
...
ib o ........ 105% 105%
6 ^ 105% 109
103% 104 % 104% 104% n 1104 107%
07%
97
07 ^ 9 7
9 % May ’ 0 0 ..." | 9 8 i 99%
99% 99% 99%
99% 70 I '.'o : 1 u i 7
g
ill! t Ini
101% FeO’O'
a

127 % ........
125 ........
109 .........
105
1 1 8 % ........
115 119%
1 0 2 % .......7
...................
.......

97

125 % Mar 0 6
139 J a n ’ 03

]i.22% 125%
... 1 ...................

107% J ’ne (*(
1(j7 % 107 %
119 J ’ne 0 .; .. . ,119 1 2 0
119 J ’ lie’ Oj . . . .
104 % Mat *06 ---- j 104 % 104%
106 % N ov’ O
U
97

97

1

........ 1 0 1 % l05% M ar’05
112

113

107 % Feb ’05 ___
4 j103% 106
104% 104%
103 % ____ 103 Oct ’05 . . . .

ibu

1 0 4 3 4 ........

118%

124

M-S
M-S

101% 102

101% 102
101% J ’ne’Ob

M-N 102% 110
M-N 131 ------F-A 13Li4 ........
A-O 131 ........
A-O 1UO % bale
A-O
J -J _____ 99
923 Sale
4
J-D
J-J
M-N 100%

F e b ’06

!L24

3 100% 104%
L01 101%

110 May’ 00
1107% 111
131% J ’l y ’ 06 ___ 1
131% 132%
130% F e b ’00 .... It 30% 130%
1
129% N ov’05
100% 100% 47 | 99% 103
LO
O F e b ’ 06
100 100
99 J ’ne’ 06
I 97
99%
92%
93
91
95%
] 09% F e b ’ 05 ___
100% J ’ne’ 06
: 99% 103

124% May’ 06
132 J ’iy ’ 99
113 M ar’ 00
109% Mar'06
100 % N ov’ 05
93 May’Ob
116 May’'06

124

M-N

J-D
M-N
M-S
M-N
F-A
J-J

ilO

112

98% J’ne’06
LIU ‘ J ’l y ’06

125

109%n

91
115

J-D * 1 1 2 % ........ 116 May’ Ob
A-0 109 111% L14% Jan ’Ot

A-O
M-N
J-J
J-J
M-S
F-A
M-N
A-O
A-O
J-J
A-O
M-N
F-A
J-J
J-J
J-J
A-O
A -0
M-N
M-N
F-A
J-D
J-J
J-J
A-0
M-N
M-S

125

104 Sale 103% 104% 69 1102% 106 %
101 _____ 102% J’l y ’ 06
102% 106
763 bale
4
76 %
7 7%
] 75
78%
74% 76
7 1 % ......... 76 J ’ne'06
98 ......... 98
1 98 101
98

F-A 1 2 4 % .........
0- F
F-A 1 1 3 % .........
A-O 107 .........
9 8 % ........
J -D
Q-M
J-J 113% ..

A-O
J-D

1 96% 98%
. . . . . . **

........ 119% Alar’o5 . . . 1 ...................
114 114 J ’ne’ oo — 1
l113 % 118
1133 Jan ’ 02
4

M-N
M-N

Q J
Q-J
Q-F
Q-F
J-D
J-D

1

.

. . . .

1 0 3 % ........ 103 J ’l y ’06 . . . .
102 A p r’ 02
........ 106% 106% 106% 15
104%105% 107% Dec ’0..
8 9 % .................7 90 % J ’ne’ 06
......... 91 % 91% M ar’Ob
96
96% 96 % J ’ne’06
117% Sale 117% 117 % V

o

93
116%,

116 116
L10%114%

98% 100%
LlO 114
i03

107

106

io8 %

90%
91%
96
117%

90%
92%
98
122

1 1 1 % ......... 108% A u g ’ 03
98% D e c ’05
96 J a n ’01
96% Jan ’ 06. ___
98% A p r ’U4

1 0 0 % ....................
1 L0% ................ 110 J ’ne’ 06
1 1 0 % .................... 110 J’ne’U6
112 % .J’ ne’ 05
98% . . .
99 J ’ne’ Ob
91 .................... 92 % M ar ’ 0 6

96% 96%
109% 112%
lu9 % 112%
99
99
92% 94%

127% Oct ’ 02
119 wJ ’ne’ U6
118 119
119 A p r ’ 01
1 0 4 % ........ 106% J ’ne’ 06
106 % 106 %
L l l % bep ’ 01
i06 A ng’ 03
92%
6 3 ^ 36 92% 101
93 % Sale
96 l4 96% 96%
97% 599 95% 105%
104% Oct ’ 05
............................................ l l u
J a n ’ 05
...................... 107 %May’06

. . . .

i'07% 108%

__

94% 95%
96% 98

B O N D S — C o n tiu u e d o n N e x t P a g e

C oai and ir o n
T e le g r a p h a n d T e le p h o n e
Col F & I Co gen s f g 5 s.. 1943 F -A 101 102 102% J ’ ne’ 06 . . . . 100 105
Am. Telep < Tel coll tr 4s 1929 J-J ......... 91% 95% Jan ’06
fe
C onvertible deb g o s ___1911 F-A
9 5 % ......... 96 % J‘ ne’06
87 J’ne’06
87 102% Comm Cable Co 1st g 4 s ..2397 0* J
Col C cfe I D ev gu 5s g ..l9 0 9 J -J
Met T < T 1st s f g 5s....... 1918 M-N
fe
109 % May’05
Col Fuel Co gen gold. 6s. 1919 M-N 100 .......... 107 % Oct ’ 04
N Y < N J Tel gen g 5 s.. 1920 M-N
fe
105% J iy ’ U3
6 r Hiv Coai<fe C l s t g 6 s l 9 1 9 A-O __ _ . . . . . . 102% A p r ’06
_
102% 102% West Union col tr cur 5s. 1938 J-J 106 Sale 105% 106%
Col Indus 1st con v 5s gu A. 1934 F-A
75 Sale
75
Fd and real est g 4 %s. . . 1950 M-Nj 1 0 2 % ........ 102% 102%
77
13 71% 88%
1st g A cod os gu Ser B . 1934 F-A
Mut Un T el s fund 6 s ... 1911 M-N I . . . . . . . . . . . . 106% M ar’ 06
75 SaLe
75
75
10 73
83%
C ontin'talC l s t s 1 g u 5 s g.1952 F -A
107% D e c’ 04
North w T el gu 1 4 ^ 8 g ..l9 3 4 J-J
103 J ’l y ’04
J eii A Clear C < 1 1st g 5s. 1926 J -D
fe
107 Mav’97
2d gold 5s..........................1926 J-D
102% O c t ’ 03
Manufacturing 8c Industrial
K an cfe H C A O 1st s f g 5s.1951 J -J ........ 105
105% Oct ’05
Am Cot Oil ext 4% s..........1915 Q -F
95% 96
Pleas Val Coal 1st g s i' 5s. 1928 J -J
105 Oct ’00
96 J ’ne’ 06
9?%
Tenn Coai gen o s .............. 1951 J -J
90% 91
90%
91
97% Sale
97%
9 97% 101% Am Hide cfe B 1st s f g 6 s.. 1919 M-S
P enn D iv 1st g 6s....... (YL917 A - 0 107% 109
90
90%
109 J ’ne’06
105 110% Am er Ice Secur deb g 6s.. 1925 A -0 ......... 89
B irin D iv 1st consol 6s. .1917 J-J 106 % Sale 106% 108
103
103
Am Spirits Mtg 1st g 6 s.. 1915 M-S ........ 104
8 106% 111
Cah C M Co 1st gu g 6s. 1922 J-D
8 7 % ........ 9L7e A p r ’06
Am Thread 1st col tr 4 s ... 1919 J-J
LU2 Dec'()3
SaR 111
m %
D e Bar 0 6c I Co gu g 6s. 1910 F -A 101 ......... 103% F e b ’ob
103 % 103% Am Tobacco 40-yr g 6s___1944 A -O I l l
c, 91% 100
7s
V Iron Coal cfe Co 1st g 5s. 1949 M-S .......... 95% 95%
4s....................................... 1951 F -A
77% 77% 77%
95%
,No price Friday; la te st bid and asked. o D u e J a n 5 D ue Feb c D u e M a r rtD u e A p r h D ue J ’ ly ArDue A u g < D u e Oct jjD u e N o y ^ D iic
;

20
b

105% 109%
102 105
106% 107

—

94% 98
90 100 %
87
93%
2 99 104
90% 91 %
110 117%
91 77% 84
s Ontion Sal«
7

V

July

New York Bond Record— Concluded—

14 1906.]

Ur*
X . Y. STOCK E X C H A N G E
W'KKK i.XldNK JULY 13

o
o; -2
^ k

Prtoe
PYi dav
July 13

IVeefc's
Kange or
Last Sale

®p

tiia
A sa Low
Hiah Xo
Penn i* iv—, conuntiefuj
Pill la lial do V 1st g -is.. 194 3 M-N . . . . . . . . . . . . l lO b F e b ’ 06 ....
V
.1 - J
110 b Sep *04
U is J UK A Can gen 4s. 1944 VI-S
Pensacola < Atl See L eb Nash
fc
Peo A East See C C C it Si L
Q. F 116 ____ 123 b Jan *05
1 0 0 34 Dec ’05
N
l-N
109 A p r’02
J -D
j%'lint A P M a os
..1920 A O 113\j........ 112 b A p r ’06
2
107
1st consol gold 5s........ 1939 M-N U.’ 0 y4 10S 107
Pl Huron inv 1st g ns. 1939 A-<>
110 A p r’06
F-A
Pun B A \Y See Penn Rlt
PhiJa A Heading cons 7s. 1911 J-D 112 ........ 115b M ai’06 ....
137 X ov ’97
Pine m et:.<
guar i>s. .1932 J -D
Pitis Ciu ite Si L See Penn Co
Puts Clove S Pol see B S O
o
o
Pitts Ft W A Cli See Penn Co
120 Oct ’01
Pit ts J unc ls i gold Os____1922 J - J
Pitts & B lin e 2d g 5 s...a l9 2 h A -0 i l l ) ........ 112 b D ec’02
Pills Mckeesefc Y See X Y Ceii
Pitts Sn A L E 1st g 5 s...1940 A-O 115^2 ........ 120 Mar’06 ___
1st consul gold o s............1943 J-J 115 119
98 J *ly ’ 97
Pitts A West see B A O
.J J
...... 116 Mav’05
Put-, Y A Asli 1st con 5 s.1927 MN *111
51
99 7 Sale
g
hi ending Co gen g 4s.......1997 J - J
99 3
4 100
JL.t Registered................... 1997 J • *98'5 ........ 100 b J’ne’O ....
G
J
Jersey Cent coil g 4s__1951 A 0
98 ^ 99
983 j ’ne’ 06
4
Rensselaer A Bar See D So hi
Rich A Dun See South Ry
Rich A Meek See Soutliern
Rio Gr West See Den A Rio Gr
109 Mar’05
ltio Gr J uno 1st gu g 5s__1939 J-D
Rio gr so 1st goid 4s........ 1940 J - J ........ 82
76 D ec’05
Guaranteed?................... 1940 J - J
89 Jan ’05
Roch A Pitts See B K & P
Rome Wat A Og S eeX Y Cenl
Rmiaii'i 1st con g 4 b s ___1941 J-J 104 *4 ..
106b Oct ’ 05
Og&E Cham 1st gu 4s g.1948 J - J
98 b J ’ne’ 06
Rut-Can ad 1st gii g 4 s ... 1949 J - J
94 ........ lO lb X o v ’ Ol
Pau Pus C i i See Pere Mart]
o
91 ........ 92 b M a y ’06
C b J o A G r tsl 1st g 4 s ...1947 J-J
St Daw A Ami on l s t g 5 s .1990 J-J ........ 125
122 J a il’06
2d gold Os........................ 1990 A-O 130 ........
St B A Cairo See Mob A Ohio
St B S iron Mount See M P
o
St B K c A X See Wabash
St B M Br See T R lt A oi St L
St B A S Fran 2d g Os Cl B 1900 .11-N 100 ___ 101 J’ne’06
2d nuai Os Class C.......... 1900 M-N lU07e
100b May’ 06
2
General goid Os............... 1931 J-J 125 Sale 125
125
General goid 5s...............1931 J-J ........ IIM 4 110
8
no
St B A S F R R cons g 4 s ..’90 J-J
90
933 95 b JTy ?06
4
Soutlnv Div l s t g 5s.. 1947 A-O
102 b Aug’ 05
Rem ndm g g 4 s ........... 1951 J-J
b3 Sale
82^
« 3 b 34
5-year gold notes 4*2..190s J -D
97 May’06
K. C Ft S A M con g OB..1928 M-N ' 12l>1 ........ i 20 b 120 b
5
8
2
K C Ft S A M Ky ret -a 4s 1930 A-O
8 3 l4 Sale
83 b
83 b
J iC w M K & B ls tg u 5s. 1929 A-O
St Boms So set? Illinois Cent
St B S W 1st g 4s bu ctis. 1989 M-N
96 Sale
2
95 b
96
2d g 4s inc bond C tfs...pl989 J-J
82
SG
87 J ’ne’ O
G
Consol gold 4s................ 1932 J-D
13
761-4 77
77
78
Gray’s Pt Ter 1st g u g 5s 194. J -D
St Paui A Dul See X o r Pacitic
6t Paul M A Alan 2d 6 s...l9 0 y A-O 107L2 . .... 106b A p r’ 06
1st consol goid Os............1933 J - J 131 134 133b J’ne’ O
G
Registered....................1933 J-J
140 May’ 02
Reducer m gold 4 b s ..l9 3 3 J-J I0 8 7 111 Y L l lb J’ne’ O
b
O
Re a:.--a red................ 1933 J-J
116b A p r’ 01
Dakota ext gold Os........ 1910 M
-IM 108 hi........ 108 b J’ne*0'i
Mont ext 1st gold 4s___1937 J-D ........ 102 L 100
i
100
1
Registered....................1937 J-D *........ 1031 103 b S e p ’ 05
4
E Minn 1st div 1st g 5s.. 1903 A-O 101B 103 LOlb 101b
1
X o r D iv 1st goid 4s___1943 A-O 1 0 2 ........
Minn Union 1st g Os___1922 J-J
124 May’ 05
Mont C 1st gu g Os........ 1937 J-J 132 134 134 b J’ ne’O
G
Registered....................1937 J-J
136 b May’ 06
1st guar goid 5s.......... 1937 J-J ........ 1164 119 Mar’ 06
W ill A S F 1st gold 5S..1933 J-D 114 ........ 121 b Oct ’ 05
6t P A X or Pac See X or Pac
S tP A S ’xC ity SeeC St P M AO
S Fe Pres A Pk l s t g 5 s... 1942 M-S 109 ........ 112 B Jun ’06
S A A A P See So Pac Co
S F A N P 1st sink 1 g 5 s.1919 J-J 105 ........ 110 O c t ’ 05
Say F A W est See A tl Coast B
Scioto V ai A X E See X or A \Y
Seaboard A ir Line g 4s ...1950 A-O
5
87
S'.
87
88
Coll tr refund g 5 s ........ 1911 M-N M Olta........ i u i 3 i o i 3
4
4 9
Atl-Bm n 3u-yrlst g 4s.el933 M-S
92 ^ ........ 92 b J ’l v ’Oo
Car Cent 1st con g 4s. ..1949 J-J
96 ........ 96 b Mar’06
Fla Cen a Pen 1st g os.191b J-J 105 *2
1
107b 107b
1st land gr ext g os ...1930 J-J 104 ........
Consol gold 5s............. 1943 J-J 107^ ...
i 09 b Mar’05
Ga A Ala Ry 1st con 5s o 1945 J-J 108 ^
HOB Mav’06
2
Ga Car A X o 1st g u g os 1929 J-J
110 J an ’05
Scab A Roa 1st 5s............. 1920 J-J ib l^ i ..
110 May’ 06
6her Shr A So See Al K A T
Sii Sp Oca A G See A tl Coast L
Sod Bay A So 1st g os.......1924 J-J
102 J a n ’03
So Car A Ga See Southern
So Pac Co—RR 1st ref 4s. 1955 J-J
9 5 ^ Sale
95 b
95 b 170
Gold 4s (Cent Pac coil)./cl949 J-D
7
93
91^ 92^ 9 2 b
R egistered.................A:1949 J -D
90 Y
>
9 1 B Mav’ O
G
A A X \V 1st gu g os___1941 J-J
109 b BeO’06
Cent Pac 1st ref gu g 4s 1949 F-A 109 ^ 101 ^2 101b 102
22
Registered....................1949 F-A
98bM ay’ 0^
-Vorl guar gold 3bs..A;1920 J -D
87 a Sale
4
73
87 b
sS
Tin on eli St L l c t gu 4s ’ 54 A-O
94
96
95 J’ne’u6
Gai lia i A s A ls t g 6s.. 19i0 F-A 1053.___ 1t»K Feh’06
Alex A Pac l s t g os___1931 M-N ........ 113^ l l i b J’ne’O
G
Gila \ G A X ls tg u g5 s. 1924 M-N MOSG___ 1(JS
lOrfG
i
Hous b A W T 1st g os.1933 V-N 104B
I
107 C FftlPOfi
1st guar os red..........1933 .7 -N 103 b-........ 103 B 103 K
}
1
H A T C 1st g os uit gu ..l93 7 J-J 109 b Sale 109 b 109 b
2
Cousoi g Os m l gu a r... 1912 A-O 1091 ........ L l l b A p r’06
4
Gen cold 4s int guai.,1921 A-O
5
95 b ........ j 9 5 b
96b
Wac.f A X V div latif tis’3o /! -N
\
127 b F eb ’02

A'ang«
Since
January 7

99 b Sale
77 ........
85^4 Sale
109
........ 947f.
101
........ 1 0 0
103 104
........ 90
75 ........
..................
109 IW K
90 b - 97 ‘4 Sale
........ 93 n
9 8 b ........

I
99b
99 b 58 9 6b 102 b
6, 77 b 83b
78
78 b
74 H 7K7
..
78b Mar’ Oe
05 81
90
85 b
«6
109 b 109 b 1 ii 1(j7 78 n o b
8& 94 b 100
I
95
96
1u4Ai J’ lv '06 — 101^8104b
97 b Oct ’05
104 " 104
7 102b 1 0 8 b
90 May’06
85
93 b
77 J ’no’O
G
73
77
45 D ec’ 06 ....
l b Mar’ 06
1b
2b
109 Si 109 b 20 107 109b
93
93
26 93
99 b
9Gb
97b| ^12 95b 100
9568 100 b
97 b
97 b
98 b T’ne’ U:.; .... 98 b 101 b

_\o oi co F r id a y ; la te s t bid and a s k e d t ills w e e k ,

a Due

BO Ni}>
X. Y. STOCK E X C H A N G E
W rick E nding J uly 13

*•2

83
Price
XrLiay
July 13

Wee/c's
Range or
Last Sale

|
Range
V ~j
Since
'S * January 1

Hid
Low Hi<jft southern Pac Co—(Continued)
Ask Low
Hum A0 Low Higti
109 110 b
Morgan’s La & T 1st 7s. 1918 A-O 123b . . . . . . 129 B Nov’O
-l
1st gold 0s
1920 J - J 113 T
118 Fob *o(>
118 118
106 Sep *04
No of Cal 1st gu r Os___1907 J - J
Guaranteed gold 5s___1938 A-O
113 Jail ’01
Ore & Cal 1st guar g 5s. 1927 J-J
102 b Mar’On
102 b 102 b
S A X, A Pass 1st, g u g 4s 1943 J - J
8 5 b 86 b
U M
il
16 K
So P of A rgil lstg 6s cA 909 J - J 101b
10/1 •. 1O i 1
* T .1
105 b a ar’ 0
M
100k, 107
1st guar g fis
el 911) J-J 102b
107 A p r’ O
f,
S P oi O11I 1st g 6s C tQ D 1900 A O
:
11)2 j ()‘»
102 J a n ’00
112 b 118
1stgGsseries Let Bb..1912 A O 111 ........ 113b F eb’06
107 110b
113 1 13b
1st gold 0s
1912 A-O
LIT B ) )eo ’0-1
L10 l l l b
119 i } 9
I M
1stcon guar g os
1937 V- J
119 J a n ’06
Stam ped....... . 1905-1937 M-N
108b J ’ ly ’05
115 b 115b
S P acof N Mex 1st g 6 s ..1911 J-J . . . . . . . . . . . . 105b May’ 06
105 lO&b
So Pac Coast 1st gu 4s g. i 937 J - J
Tex& N O SabD ivlst gGs.1912 M-S
111 ‘4 Jan ’ 06
L llb l l l b
110 A p r ’00
ill) H o
Con gold 5s.................. 1913 J-J 104
Sale 115b 115b 26 1151 119 b
Southern—1st con g 5s___1994 J-J l i 5 b
4
O
J16
Registered.
1994 J *J 1 J6 Sale 116
95
95
95
1 9 1 b 9h b
Mobcfc Ohio coll tr g 4s.. 1938 M-S
Mem Div 1st g 4 b -5 s ... 1996 J-J 117b
119b J’ne’ O
G
LIS 119b
98
99
98
99
St Louis div 1st g 4s___1951 J-J
9 97
118 120
99b
113 Jan ’06
Ala Cen R 1st g 6s........ 1918 J - J 113b
113 113
A tl 6c Danv lst"g 4s
1948 J-J
96 J’ uc’O
O
92 J’ ne ’ 06
92
92
2d 4 s ............................. 1948 J - J
90 b
A ti So Ya-d 1st g guar 4 s.1949 A-O
99b 102 b
1 1 6 b May’05
99 b 100 b
Col S Greeny is t 6s. __1916 J -J l l l b
o
116 May’ 06
97 B lu i b
E T Va S Ga Div g 5s. .1930 J-J 113 b
o
L141 116
4
Con 1st gold 5s
1956 M-N 117b
118
118
6 116 119 b
E Ten reor lien g 5s.......1938 ivi-s 114 b 114 b 113 b May’ O .... 11:5 B t ) 6 b
G
7 2 1 72 b J ne'06 .... 72 b ? 2 l4
4
Ga Midland 1st 3s..........1916 A O
Ga Pac Ry 1st g 6s........ 1922 J-J
119 1 2 2 J’ne’06 .... 121 123
Knox
Ohio 1st g 0s. 1925 J - J
122 l4 152 b
122b Apt ’ Oo
Rich So Dan con g 6s___1915 J -J ii2 'b L14 b 112b 112 b " 5 i 12-b 116
112b J241 ’06
Deb 5s stam ped!. ..
.1927 A-O 111
112b H 2 b
Rich So Meek 1st g 4s 1948 M-N
98 B'eb’05
So Car S Ga 1st g 5s___1919 iVl-X 107
o
105 May’ 06
L05 108 b
1-S 114
123 F e b ’02
Virginia Mid ser C 6s__1916 JV
110 D e c ’04
Series D 4-5s...............1921 M-S 109 b
98 b 100 b
113 D e c’05
Series E 5s....................1926 M- S l l l b
General 5s.................. 1936 iVl-K ii o b
l l l b May’O
O
114 114b
Guar stamped.......... 1936 iV
I-N 109 "s
109 b May’O
G
109 b 114 b
92 b 94 b
95 l4
W O & W 1st cy gu 4s 1924 K-A
97b May’05
122 122
West N C 1st con g 6 s ..1914 J-J 111
l l l b J T y ’ 06
lllb H 4b
S & N Ala See L So S ’
r
Spok Falls So X or l s t g 6s. 1939 J - J
117 J T y ’00
,
100 N ov’ 04
Stat lsl Ry 1st gu g 4 b s 1943 J -D
Syra Bmg So X Y See D B So W
>er
109 May’ O __ 109 112
G
L00 b 102 b ' H A of St B 1st g 4 b s .. 1939 A-O 107 b
1894-1944 F-A 117
120 Apr TO
119 120 b
lOO1 102 b X 1st con gold 5s
^
96 J Ty ’06
95 b
Gen refund s t g 4 s ........ 1953 J-J
96 lOOb
125 127
111 J ’iie’06 .... i l l 111
St B M Bge Ter gu g 5s. 1930 A-O 110
110 114
o
Oob 95 b Tex S N O See So Pac Co
Tex & Pac 1st gold 5s.......2000 J-D 118 b Sale 118
118b 24 118 124
89
93
2d gold inc 5s................ #2000 Mai
89 JTy ’0
39 102
8 2 b 89
95 b 97
La Div B L 1st g 5s
1931 J . J 103
liO Mar’06
108 T l l o
106 ‘> Nov’04 ___
2
W Min W A X W 1st gu 5s ’ 30 B’ -A
12Ob 121
11 l b JTy ’ 06 ___ l i i b i i s ' b
o
83
87 b Tol S O C 1st g 5s............. 1935 J-J 112
W estern Div 1st g 5s. ..1935 A-O 110b 113 i l l May *04
107 109
General gold 5s w
1935 J -D
11.9 Maya; 6
1 95b 99 b
Kan S M 1st gu g 4s___1990 A-O
o
97 b
97 b
97b
95 b 99b
91
Tol P S W 1st gold 4 s .... 1917 J-J
o
91 b J’ne’ 06
84
89
9 1 b 93b
90
Tol St D S W pr lien g 3 b s. 1925 J-J
o
8 9 b May’ Oo . . . . 59
87 b
77
82
82
1 8Ub 84 b
50-year gold 4s...............1950 A-O
81b
n ib
Tor Ham S Bn ft 1st, g 4s f>A 940 J-D
r,
98
99 b X ov ’ 05
110 J ’ne'OU
o
1LO 113 b
106b 109 b | ] lster S Del 1st con g 5s 1928 J-D
93
93
1st refund g 4s
1952 A-O
93 Jan ’ 06
133b 137b
Un Pac R R So 1 gr g 4s . .1947 J-J 102 b Sale L02b 103b i lo 102b 106b
R egistered.. . . . ? . ........ 1947 J-J
101b 106 b
104b I 0 i4 J’l y ’ o :
110b 112 b
146 b 160 b
1st lien g 4 s ............
1911 M-N
148 A iir’ot
149 b A p r ’06
Registered....................1911 M-N
108 111
140 ^ 1 4 a 4
y 99 b 102
Ore Ry So N av con g 4s. 1946 J-D 100b 100b 100 b lo.>b
100 104b
6 118 b 126
Ore Short Line 1st gG s.. 1922 F-A 124 Sale 124
124b
1st consol g 5s__? __ 1946 J-J 116
U 6 b H 6 l4 4 114 b 119
101b 101b
Guar refund 4s........... 1929 J-D
95
95b 56 94 b 97 b
95 b Salt
96 B Due ’05
R egistered... .
1929 J-D
105 b 1 0 5 b
Utah So N or 1st 7s.
1908 J-J 103 b
105 b Jan ’ 06
134 136
n o 110
Gold 5s.................
1926 J-J 108b
110 J ’ne’ 06
136 b 136b
L lS b llO b Uni Xr J R R do C Co See Pa RR
Utah Central See Rio Gr Wes
Utali So Nortk See U n Pacific
Utica So Black R See N Y Cent
^
102b 105
99
102b F eb’ 00
112b 112B \/ andalia consol g 4 s ___1955 F-A
V era, OriiT; S P 1at, gn 4 Bsl 934 J-J
o
101 b X ov’05
97b
Ver Vat Ind S W see Mo P
o
Virginia Mid See South Ry
112 b A p r’ 06 ___ 108 114
Va S Soutlrw’ t 1st gu 5 s.2003 J-J U 1 2 b
o
114b 21 112b 116b
\\f abash 1st goid 5s.......1939 iVl-N 114 114 b 114
8 6 b 92
105 b 11 104 109
W
2d gold 5s................ 1939 F-A 106b Sale 106
101 103b
87 b 98
97 b J’ne’oo
96
Debenture series A .......1939 J-J
9 2 b 9 7b
7 8 Sale
Series B ........................ 1939 J-J
77 b
80b 727 7 2 b Bob
9 6 b 97 ~
1st lien equip a td g os 1921 M-S 101b
102 D ec’ 05
u )7 b io y b
93
93
93 M ai’ O
n
91
1st lien 50 yr g term 4 s.1954 J-J
io8 n o
G
Det S Oh Ext~1st g 5s 1941 J-J 108 110 110 J’ ne’O
o
97 Nov’ ui
Dea Moin Div 1at g 4s 1939 J -J
L lO b lllb
54
80 b
85 b May’O
G
85
Om Div 1st g 3 b s .......... 1941 A-O
94
94.
94 JT y’06
Tol S Cll Div 1st g 4s
o
1941 M-S
110
110
St Ohas Bridge 1at g 0h 1908 A-O
1.09 b Mar’ OJ
84
84 b 27 8 2 b 90 b
84 Sale
W ab Pitts Term 1st g 4s. 1954 J-D
2d gold 4 s........................ 1954 J-D
06b
SI 2-i8 34 b 41b
36 b Sale
Warren See Dei Lac S West
o
94 b 97 b Wash Cent see Nor Pac
91b 9 6 b Wash 0 So W See Soutliern
84 V SalA 84 b
.
W eat M ary Ian d 1at, g 4a 19 5 2 A-O
8S-b
85 b 32 84
9 1 b 92
76b
Gen S Conv g 4s .? ........ 1952 A-O
o
72
72 b 72
109 b 110
72b 13 69
U 6 7 May’ U
6
G
116 b 118
99 102b West X Y So Pa l s t g 5 s ..1937 J-J
94 b 97 b
Gen gold 3-4s.............
G
1943 A-O
98 b 98 b
95 b 95 May’O
30
31
30 May’ O
G
Income 5s..................... </1943 Nov
87 b 89
95
99 b West X o Car See Soutli Ry
109 109
109 J’ne’ 06
W VaCentdc P l s t g 6 s..1911 J-J 106 B
106 106
112 114
110 11134 Wkeel’ g So B E 1st g 5 s ...1926 A-O 112 b 114 112 J ’ne’06
1 12 B Feb ’ 0
122 b 112 b
Wheel Div 1st gold 5s. .1928 J-J
106 108 b
l l l b Aug’05
Extendi; Imp gold 5s__1930 F-A
16 87 b 9 3 b
R R 1st consol 4s............ 1949 M-S
88 b Sale
88 b
89
i 0 3 b 105 b
102b D ec’Uo .... ...... ........ .
20-year equip s f 5s ...1922 J-J
95 b
109 b 11 l'b
111 l l l b Wilkes So East See Erie
o
o
95 b 99 b Wil S Sioux F See St P M S M
95
W isCent 50-yr 1st gen 4a. 1949 J-J
83^ 21 89
89 Sale S'9

M ISC E LLA N E O U S
M aui! la c * tiring Oc Industrial
Cent Leather 20-year g os. 1925 A-O
Consol i ouaccooO-yrg 48.1951 F-A
RegiMeren 4 s................ 1951 F-A
Distil se c Cor con v 1st g 5a.’ 27| A-O
ln t Paper Co 1st con g Os. 191s F-A
Consol conv a t g os?___1935 J-J
In t St Pump lo-yr conv. 6a ’ 13 J-J
Knicker ice (Chic) 1st g 5 s .’2> A-O
Lackaw steel 1st g 5y___1923' A-O
Xat starcii Allg Co 1st g Os 192o .VI-X
Nat staicn Co s i ueb 6s.. 1925 J-J
Stan liop A 1 1st g 6 s... 194'j F-A
incom e liohi os..............194' ___
US
i. Co s i deb g 6s.. 1913 VI-N
U S Realty A I conv deb g os *24 J-J
U s s te e l Corpi0-60 yr5s.<P g;- M-N
RetriMereu........... April 1962 M N
v a -U f ( h* in c o ll r 5s g .. 19121 A-O

Page 4

Jan

0 Due

HON OS—Concluded*
IVliHCelUineouM
14 102 104°g
Adams E x col tr g 4s........ 1948 M-S 103 103 b 103
103
A m D k & lm p o s See Cent X J
Am KSCnnt W \ * <- 5 m
\i •
1990 M-N
100b J ’no’02
97b
46 b 58
47 J ’no’O
G
B’kl’n B'erryCo l s i eons g 5s ’48 B -A
’
47
J-J ............... 108 J ’ ly ’05
70
78
Del M S M Id gr
r.
iaa l .11 j A O
70 May’O
G
..................
\■
IX
Mad Sq Garden l s t g 5a 1919 M-N
50 F e b ’O.
Man Bch 11 So B gen ^ 4s.. 1940 M-N
.... . . . . . . . . *" J ..............
X eivp N e Ship So \) \) 5s cil'JlJO J-J
98
or 94
94 b
94 b
X Y Dock 50-yr 1 st: g 4s.. 1951 F-A
94 b
99
99
99 May’O
G
Provident Loan Soc 4 b s . 1921 M-S
100 b 8 c p ’ 05
St Joseph Stk Yds 1st 4 bs.1930 J-J
St B Ter Cupples Stat’ n Sr Prop
Co 1st g 4 bs 5-20 year.. 1917 J-D
...... ..........
11*2 j ’iy *041....
S Yuba Wat Co con g 6.s.. 1.923 J-J
113 B J']y ’00 . •..
5p Val Wat Wrorks 1st 6a 1906 M-S
99 b| ^li 95 103
U S Red So Ref 1st a t g 6k. 1931 . . . . . . . . . . . . . . . 1 99 b
Feb

e. D u e

M ay

y Due

J ‘ne

h Due

JTy

p Due

Xor

jO p t lo n Sale

CHICAGO STOCK EXOHAHGE-Stook Kecord-D aily, Weekly and Yearly
STOCKS—H 2 0 B E S T A N D L O W E ST S A L E P R IC E S
Saturday
J u ly 7

M onday
J u ly 9

Tuesday
J u ly 10

F rid ay
J uly 13

Thursday
J u ly 12

Wednesday
J u ly 11

STOCKS

C H IC A G O STOCK
EXCHANGE

Rahge fo r Tear
1906

Sales
O the
J
Week
Share-

Lowest

Range tor Previous
Y ea r(1905)

H ighest

Highesj

Lovjest

R ailroa d **

L a s t S a l e 1 6 7 V J ’ne’06 Cliic Citv R v ....... .
106
Chic Pash R v ___________
J’ ne’ 06 Chic
Oak Park
*6 V
6 V L a s t S a l e 6'V
100
J ’ne’06
*22 ' 24 * *22 ’ 24 ‘ L a st S a l e 24
Do p reh .
100
45
45
39V
42 Chicago S ubw ay___ 100
44 V 45 V
40V 45
4
4
Chic Union T ra ct.. 100
J ’ne’ 06
L a s t S a l e 15
100
Do p re l..
*57
58 Kans City Ry & L t . 100
* ......... 58
*57V 58
-57 V 58
*87V 89
Do p re f.............. .100
-8 7 V
89
"87 V 89
*87V 89
J ’l y ’ 06 M etropol W s E lev . 100
*26
27
L a s t S a l e 26 V
J ’ne’ 06
100
*67
68
*67
69V L a s t S a l e 70
Do" p r e f...
*29
34 N orth Cliic S tr e e t... .100
30
33
32
32
33
33
25
L a s t S a le 25 V J ’ l y ’ 06 N orthw estern E lev. 100
*24
25 V *24
J ’ne’ 06
100
*......... 66
*64
66
L a s t S a l e 67
Do p r e l..
*94
97 South Side E le v ....... .100
*95
98
*96
98
96
96
29V
29 V 29 V
29 V
29 V Streets W Stable C L 100
*29
29V *29
J’ ne’06
100
*97 100
L a s t S a l e 102
*97 100
Do p r e f..
*26
30
* 2 5 V 30
*25V 29
25 V
25 V W est Cliic S treet___ 100
*160

6 y4

*22
25
45 7 46 V
s

*22
25
45*4 45 V

68
58V
87 78 89
*26
27
*67
68
32
32
* 2 4 V 25V
*64
67
*95
98
*29
30
*97 100
* 2 5 V 30

68*8
89
*26
*67
*30
*24
*64
95
*2 ?
!
*97
*25 V

58V
89
27
68
40
25 V
67
95
30
100
30

175

155

M arl 6 200

Jan 5 180

6 May 2
22 A p r i l
5,150 39V J ’iy 13
300
4 J :ly 12
12 V M a) 18
395 54 V Jan 2
275 87% J ’ly r
/
26 A pr v
66 A pr 30
405 25 Mar 14
24 May 5
60 May 23
50 89 V A pr 3o
110 27 May 18
98 J an 26
22 23 A pr 10

7 V Feb 17
28V d an 2
59 M avl
13 V Ken 20j
46 V M arl2i
OS V Feb 9
|
93 V Feb 8
30 J ’ ne 8
7 2 V Jan J3
85 MaiT2j
28 V Feb 23
6 8 VM ar J
99 J ’ne 9
30Q M ar 2
102 J ’neTo
60 Feb 19

1,26b
1,155

11V Jan 20
72 Jan 25
129 May20
136 Jan 17
65 J ’ne2U
109 V A pr 4
28 A p r 24
40 Feb 6
l l b V J ’ne 2
64 Feb 6
175 May 81
16 V F e b 23
1 Mar 6
7 J an 16
165 Feb 15
63 Feb 9
139 Jan 15
118 Jan 9
147 Feb 7
7 IV Jan 23

Jan 205

Oct

4. ,riv
16 J ’ ly
40 Oct
6 V J’ nt
26 J ’ iy
30 Jan
82 V Jan
20 Jan
59 V J an
55 J ’ ly
21 Ma\
60 Mar
90 V Ma\
27 Aug
40

7 V J an
28 Dec
•
V
.7'V Aug
13 V Ecb
51 Feb
60 Sep
93V sep
2S Oct
7 3 V Sep
99 Fel>
26 Dec
68 Oct
100 Aug
30 Sep
103 V Mar
J ’ n< 72 Feb

M is c e lla n e o u s

6V
55 V

6V
6*4
55
64V 55
118 121V *118
130 134 * 130

i*34

6V
6V
6V
6V
54V 54V
55
55 V
*118 121 *118 120
*130 134 *130 134

*26
*38
*110
*56

27
39
112
58

*26
*38
*110
*56

*26V
*88
110
*56

27
39
112
58

*26
*38
*110
*66

27
39
112
58

27
39
112
58

*i
IV
*6 V
6V
140 140
50V 50 V
*115 119
117 117 *115 119 *115 118
>106V 108 *106V 108 "106 V 108 *106V 108
119 V 119 V 119 119V 119 119V 119V 120
*46
47
46V 47
*45
46V "4 5 V 46 V
'1
*1
IV
-1
IV
IV
*6V
61
’
»6V
6V
*6V
*
140
*138 140
>138 ~ 140 '

46
l7
e l 7e
21*4 21*4
* 6 3 V 64 ’
63 V
117 117V 117 V
*85
89 V *
........ 120V *120

6.3 V
63V
117V 117 V
89V *85
120V *119

46

63 V 64
63 V
117 V *117 118
90
a;89 V 89 V
120V *119 120

88 V 88 V
89V 89V
1 0 2 V 103
102 V 103L 102 V 103
102*8 103
* ........ 135
131V 131V 135 135 *.........134
101V 1 0 2 \ *102V 104
102 102V * 1 0 2 V 104
IV
9V
36

IV
9V
35

*138 IV
9V
9V
35
32

*1V
IV
9 5s 9 V
32V. 33

IV
IV
9V
9V
31V 32V

6Vl 6V
6V
6V Am erican Can.......... 100
51
52 V
Do p ref..__ -----62 V 54V
J ’]y ’ 06 Amer R adiator..
L a s t S a l e 119
100
J ’l y ’ 06
L a s t S a l e 130
Do p re f.............. 100
62
62V
63 V
63 V A m er Ship bldg......... 100
L a s t S a l e 108
J ’l y ’ 06
100
Do p r e f,.........
L a s t S a l e ^6V
J ’ne’ 06 Am er Straw Board
L a s t S a l e 39
J ’ne’ 06 Booth (A ; oc Co ..
1(X)
L a s t S a l e 110
J ’l y ’ 06
Do bred'
100
L a s t £ a 11 58
J ’l y ’06 Cal & Cine Canal & D100
L a s t S a l e 175
May’Ot Central T rust Bank 100
L a s t S a l e 26'
Mar’06 Chicago Auditorium
L ast Sale l
J ’ne’06 Chic B rew ’ g & M alt’g ___
,
L a s t S a l e 6'V
A p r ’06
Do p r e f...
140 Chic E d is o n .............. 100
*138 140 *135
x5 0
J0 Chic P neum atic T ool. 100
*50
51
*114 117 *115
117 Chic T e le p h o n e ....... 100
L a s t S a l e 206V J’l y ’ 06 Chic T itle & T r u s t.. 100
119 V 119 V 118V 119V Diamond M atch....... .100
*46
47
45
45 V Illinois B rick .......... 100
Last Salt 31V
N ov’05 K nickerbocker I c e .. 100
F e b ’06
L a s t S a l e SO
Do n r e f____
100
17
J’ne’04 London & Ohio Onntr
9
D ee’04 Manuiaotiir^rs’ Fuel
*47
50
*47
50 Masonic T e m n le ___
*2
2V
*2
2 V M ii& Chic B rew ’ g ..........
Do nr of
22
21V 21V *21
63
63V
62 V
63 V National B iscu it___ 100
*117 117V 117V 117V
Do p ref.............. 100
*85
89V *85
89V N ational C arbon ___ 100
119 120
120
12UV
Do p re f.............. 100
L a s t S a l e 5V
May’05 Pae-ft W oven W ire RV.nno
Do nrof
Poonlo’ s f-J-as T. d n ’irol O
r.
O
102V 102V 102V 103 Sw ift & Co................. "too
*130 135 *131
131 The Quaker Oats Co. 100
*102 103
102V 102V
Do p re f.............. 100
20 5
q
D e c ’ 04 Union Bag & P Co
100
Do nrof
100
IV
1V
*1V
I V Unit’ d B ox Bd & P ColOO
9V
9V
9V
9V
Do pref.............. .100
32
33
31V
32V W estern Stone......... 1 00

159

• • •« •

25
50
100
275
278

6 J ’ne28
51 J ’ly 13
115 Feb 9
130 May 11
54 -Jan 13
101 Jan 11
17 Feb 28
36 Jan 23
108 Jan 25
55 May 2 6
168V May 18
16 F e b l;
1 Mar 6
6 V M ar 23
140 J’ly 2
49 May 2
101 A pr 2 7
103 May 3
118 J ’ne 6
44 J ’ne26

8V Dec 14 V Apr
60 Jan 73 V Apr
76 J an 110 Dec
125 Feb 134 Dec
38 Jan 59V Sep
98 V Jan 105 V Mar

35 Oct
105 Miu
50 J ’ly
148 V Feb
10 Jan
V J ’ ne
6 J ’ne
153 Jan
32 Jan
125 May
95 Apr
134V Feb
55 J ’ ue
11 Feb
Feb 28 63 Feb

79 V Feb 23 80

40 Jan
112 Aug
70 Oct
150 Mar
10 Jan
1 Jen
7 Jan
172 Feb
58 V Lee
143 V Feb
118 Dec
145 Aug
67 Nov
42 Nov
75 Oct

2
40
187
1,252
249
10
50

46 May 2 2
IV May2 9
21 J ’ne2i
62 May 2
113V Ja n 4
78 Jan 5
115 Feb 21

47 V Jan 31 44 V Mai 48 V Aug
2V F eb 3
2 Jan
2 V Oct
23 Mar 7 19 Sep 23 Oct
71 Feb 6 52V Aug 67V Dec
118 V Feb 5 llO V Aug 120 V Mar
95 Mar 3 41 Jan 80 V Lee
122 V Mar 9 110 Jan 120 J’ ne
5 Apr
5V May

26U
962
5
333

88 V T’ly 16
101V Jan 17
115 M ayl6
101 May 8

^
93 V May 17 99 Mavl 110y A nr
109 V Mar 12 101 ~ Dec 114 Jan
152 V Jan 5 46 Jan 165 Dec
106V Feb 15 86 V Jan 109 V N ov

310
2,280
900

l % J ’ne2S
8 V J ’ne2t
31V J ’ly 11

2V Jan 12
17 V Jan 20
42 Mar 2 7

5 V Mar 7
36V Mar 7
29V J ’n elo
9 J ’ne28
14 V Mar 7
85 V Feb 23
6 Feb 24

6V Feb 26
36V Mar 7
44V Feb2i;
14 V M ar29
15V Feb 26
85 V Feb 2c
7 V J ’n el6

l V J ’iy
8 Aue
23 Feb

2 V A pr
16 D ec
41 Aug

M in in g

Last
Last
Last
Last
Last
Last
Last

................... 1 ....................

Sale
Sale
Sale
Sale
Sale
Sale
Sale

5V
3 6
29\
9
Z5V
85V
7V

Mar’O
fc
Mar’06
J ’ne’Ob
J ’ne’06
J ’ne’06
F e b ’ 06
J ’ne’06

BONDS

A m er B iscuit 6 s ................ 1910
A m er Strawboard 1st 6 s.. 1911
Cass A v e & F G (S tL ) 5s. 1912
Cine Board ot Trade 4s ...1 9 2 7
Cine Consol B r
M it 6 s ..........
Chic Consol T rac 4 V s....... 1939
Cliic Edison debent 6s___ 1913
1st gold 5 s ..................... 7tl926
Cliic A uditorium 1st 5 s ... 1929
Cliic D ock Co 1st 4 s . . . ___ 1929
Chic N o shore E lec 6s___1912
Cliic < M il E lec R y 5 s ___1919
fc
Cliic Pneum T ool 1st 5s .a l9 2 1
Chic R ock I & P ac R R 4 s .2002
Collat T ru st g 5s............1913
Commonwealth E lect 5 s.51943
Illin ois T unnel 5 s ............1928
K ans City R y & L t Co 5s. 1913
K m ck erb ’cker Ic e 1st 5s. 1928
Lake Street E l 1st 5s....... 1928
Incom e 5 s ........................ 1925
M etr W Side E i 1st 4 s ... .1938
E xten sion g 4 s................ 1938
N orth Chic St 1st 5s.........1996
1st 5 s .................................1909
R efu n ding g 4 V s .......... 1931
N o Chic City StR y 4 V s .1927
N orth W est’n E l 1st 4 s ... 1911
Ogden Gas 5 s ..................... 1945
Pearsons-Taft 5s................ 1916
4 '4 0 s ..........................................
4*60s Series E .........................
4 ’80s Series E .........................
P eople's Gas L & C 1st 6s. 1943
R efunding g 5 s .............. 1947
Chic Gas Lt<fc C 1st 5s. .1937
Consum ers’ Gas 1st 5 s.. 1936
M utual F uel Gas 1st 5s. 1947
South Side E lev 4 S>s.........1924
S w ift & Co 1st g 5 s .......... 1914
U nion E l (Loop) 5s.......... 1945
U nion P acific cony 4 s ___ 1911
U nited B ox Board 6s...............
W est Chic St 1st 5 s.......... 1928
T unnel 1st 5s................... 1909
D ebent 6 s ........................ 1914
Consol g 5 s .......................1936
W est D iv City R y 4 V s .. 1932
W est’rn Stone Co 5-20 5s. 1909

F-A
J -J
J -J
J-D
J -J
J-D
J-J
A -0
F -A
A -0
A -0
J -J
J -J
M-N
M-S
M -S

J-D
M-N

A -0
J -J
Feb
F A
J -J
J -J
J -J
A -0
M-N
M-S
M-N
J-D
M-S
M-N
M-N
A -0
M-S
J -J
J-D
M-N
J -J
J-J
A-O
M-N

Price
Fi'iday
J uly IS
Bid
99 7
e

J-D

J -J

A -0

A sk Low

Range
Since
s o
January l

H igh No. Low H igh

99 7 May’06
e
102 V May’ 06
101V 101 M ar’ 06
103 A p r ’04
55 J ’ne’ 06
55
104 Jan ’06
102 V 102 J ’ne’06
100
96*4 J a n ’ 06
38

87

99 V 100*4
102 V 103 V
101

101

55
55
104 104
102 103*4
96*4 96*4

F e b ’06

87

87

3178
817s
79 N ov’ 04
80 A p r ’04
103
102V 103V 103
........ 9 2 ^ 93 J ’ne’C6
99 V J ’ne’06
99
99
99 100
9 6 l4 J ’ly ’06
95
96
66 May’ 05
91V
91*4 Sale
92 V
861s
86
86 V 86
90 M ar’06
90 F e b ’ 06

80

90

81V 82

480
85
91V 92
94
97
100 V ___
99 V . . . . .
99*4___
100

____

104
106
107 V
102% 102 V
t * * ..* ; i o f h

M-N
F-A
M-N

Week's
Range or
L a st Sale

95
60

72V
70
90

...

.

Chicago Banks and Trust Companies

Chicago Bond Record
C H IC A G O STOCK E X C R ’ GE ■ gt
W eek -Ending J uly 13

A dventure Con......... ..2 5
A llou ez........................ ..25
Bingham Con M inin g.50
B lack M ountain.......
D a ly -W e st................. ..2 0
N o B u tte.................... ..1 5
Shannon .................... 10

103 105V
90V 05
99 V 100 V
99 100
96 V 100
91V
86
90
90

95
89
90
90

92V F e b ’06
92 V 92 V
92
92
92
94*4
96 J’ne’06
89 100V
100 V Mar’ 06
100V 100V
99*4 J ’l y ’ 06
99V 9 9 78
100 J ’l y ’ 06
99 7e 100
100 A p r ’ 06
100 100
120 A p r ’ 06
120 120
105 A p r ’ 06
104*4 105*4
106
106
11 106 108
104 J’ne’ 06
104 105 7fe
103 V F e b ’ u6
103V 103 V
102 V 102V * 8 102 105*8
102V J ’ne’ 06
101V 103 V
102 V j ’ly ’ 06
101V 105 V
114 N oy’04
66 J ’l y ’ Ob
65
68
92 J ’l y ’ 06
80 101V
68 V Sep ’ 05
72
72
60
85
70 J ’ne’06
55
84*4
90 V May’06
8 9 V 95V
96 V Jan ’ 06
96V 96V

Note*—A ccru ed interest mus t he added to all Chic ago bo nd

N AM E

Outstand- Surplus d
ing
In
Profitsf
Stocky
1904

Bankers N atio n a l....... $2,000,000
100,000
Calumet National.........
500,000
Chicago City..................
Chicago Savings........... k 500,000
Commercial N ational.. k2,000,000
Continental National.. 4,000,000
Cook Co State Savings
50,000
3,000,000
Corn Exchange N at.
200,000
Drexel State...............
600,000
Drovers I)ep National
200,000
Englewood S t a te .......
500,000
Federal National.......
8,000,000
First N ation al.............
100,000
First N at Englewood.
500,000
Foreman Bros B*k’g Co
Fort Dearborn N a t___ 1,000,000
500.000
Hamilton N ational___
Hibernian B ’k’ g A ss’n 1,000,000
200,00U
Kaspar State Bank___
250.000
Milwaukee A v e State.
200,000
Monroe N ational.........
250,000
Mutual B an k................
Nat Bank of Republic. 2,000,000
National Live Stock... 1,000,000
50,000
North Side State S a v ..
100,000
Oakland National.........
250.000
Prairie National...........
250.000
Prairie State..................
300,000
Pullman Loan & Sav..
200,000
South Chicago Savings
1,000,000
State Bank of Chicago
250.000
Stock Yards Savin gs.
200.000
Union Bank of Chicago
200,000
Union Stock Yds State
Amer Trust & Savgs.. 3,000,000
Central Trust Co of 111 2,000,000
600,000
Colonial Trust & Sav..
200,000
Drovers Trust & Sav..
First Trust & Savings 1,000,000
Illinois Trust
Sav.. &4,000 000
250.000
Jackson Trust & Sav..
200.000
Kenwood Tr & Savings
200,000
Live Stk Tr & Sav Bk.
Merchants’ L ’n&Tr Co 3,000,000
750,000
Metropolitan Tr & Sav
Northern Trust Co Bk 1,500,000
200,000
Peoples Trust & Sav ..
500,000
Royal T rust C o .............
Union Trust Co............. 1,000,000
Western Trust & Sav. 1,000,000
200,000
W Side Tr & Sav B k ..
200,000
Woodlawn Tr&Sav Bk

$1,144,58-1
434,163
120,146
k 74,034
1.945,216
2,182,328
3,159
4,041,254
18,70'302,421
27,740
64,825
6,454,820
126,606
641,S98
300,751
168,074
1 ,120,35c
57,025
300,389
17,297
59,865
1,062,272
1,310,831
5,744
27,358
64,16k
95,755
210,032
47,280
SOI,667
136,492
30,859
31,895
2,299,527
915,123
544,548
57,753
1,278,8S9
7,070,563
49,618
24,941
5,382
3,873,390
318,901
1,527,543
44,930
491,64u
749,367
264,584
6,593
21,139

price s.
I Dividends are paid Q-J, w ith extra payments Q-F. II Includes special dividend of 30% declared A ug. 10, 1904.
I
i June 18, ’ 06 for N ational Banks and June 19, ’ 06 for'State institutions. 4 A s of Apr. 6, 1906.
* B id and asked prices; no sales w ere made on this day.
t N o price Friday; latest price this week.
oD u e D ec. 31.
b Due June.
h Due Jaly.
k Capital and surplus to be increased.

8

___
8+5
12
8
6
12
6
8

D ividend Re-cord
In
Per­
1905 iod

L ast P aid
%

Q-J J’ly ’ 06, 2
8
N one J -J 1by ’ 06, 5
10
J -J F ly ’06, 5
12
8
6
12
6
8

Q-J
Q-J
Q-J
Q-J
Q-J
Q-J

j ’ ly
J 'ly
F ly
J’ly
J’ iy
J’ ly
J’ly
Be^an busm ess Dec
1112 Q-J J ’ly
6+ 4
10
Q-J J ’ly
P riv ate Ba nk
Q-J J'ly
6
6
3

8

’0 6 , 3
’06, 2
;0 6 , I v
’06, 3
’ 06, I V
’06, 2
’ 06, I V
16,1905
’ 06, 3
’06, 2 V
’06, I V

J -J J’ly ’06, 4

6
o'
Succe d.M frs
Bogan busm
6
6
12+3 12+3
6
6
6
6

J -J
’ Bk.
ess
Q-J
Q-J
Q-J
J-J

J’ly
Mar.
Oct
J ’ly
J’ly
J ’ly
J’ly

’06, 3
5, 1906
2, 1905
’06, I V
’06, 3
’06, I V
’06, 3

8
8 .
4
8
N one
Began M ay 1,
N one
8
7
4
5V
5+ 5
5
6
6

Q-J
Q-J
Q-J
Q-J

J ’ly
J ’ly
J ’ly
J ’ly

’06,
’06,
’06,
’ 06,

19i'
Q-J
Q-J
Q-J
Q-J
Q-J

5.
J ’iy
J ’ly
J ’ly
J ’ly
J ’ly

’ 06,
’06,
’06,
’ 06,
’06,

11*38
8
5
6

12 + 4
N one
Began Jan 3,
In cor porate
12
12
6
6
8

12+4

6

16

2
2

IV

2

IV

2

IV

2V
IV

i! J ’ly ’06, 3
190
d M
Q-J
J -J
Q-J

5
arch, 1905
J ’ly ’06, 3
J ’ly ’06, 3
J’ly ’06, 2

F-A Feb ’ 06, 3

6
6
Q-J J’ly ’06, 2 V
Began busln ess Sep 5, 1906
—
—
Q-J J’ly ’06, I V

Ju

l y

THE

1 1 1 9 0 6 .]

Volume of Business at Stock Exchanges
TRAN SACTION S A T T H E N E W YORK STOCK E X C H A N G E
D A IL Y , W E E K L Y A N D Y E A R L Y
Week ending
July 13
lW't)

—
Shares

Sat u n la y ...........
M onday.............
Tuesday.............
Wednesday........
Thursday...........
F riday...............

Stocks
Far value

439,041
499,306
284.938
512,805
921,449
594,483

Railroad Ac
Bonds

$39/211,600
43.853,100
25.316.300
46.840,500
80,222,400
54.108.300

3,252.022 $289,552,200

T ota l...............

$10,000
4.000
10,000
1.000
1,000

$8,359,500 $1,113,000

$26,000

1905

1906

US
Bonds

$92,500
262.500
207.000
233.500
214.000
103.500

Week ending July 13

Sales at
Reio York Stock
Exchange

State
Bonds

$ J,018,500
1.377.000
1.281.500
1.705.500
1.868.000
1,109,000

January 1 to July 13
1905

1906

145,074,900
155,165.776
3,623,989
3.252.022
8 tocks—N o. shares
Par vaiue........ $289,552,200 $338,144,000 $13,755,881,500 $13,478,727,475
$307,100
$522,700
$5,900
$7,000
Bank shares, par..
BONDS
$1,240,000
$310,400
$3,000
$26,000
Government bonds
48,259,150
105,764,550
6,340.650
1,113.000
State bonds...........
506,875,400
363,112,300
12,220,300
8,359,500
RR. and mis. bonds
Total bonds___

i 9.498.500

$18,563,950

$41l,6Ll,450

$612,950,350

DAILY' TR A N SA C TIO N S A T T H E BOSTON AN D P H IL A D E L P H IA
exchanges

P hiladelphia

Boston

Week end ing
July 13
iyou

Listed
shares

Saturday .......
M on d a y ........
Tuesday........
W ednesday. .
Thursday.......
F rid a y ...........

14,027
25,001
3 ’,465
21,320
36,413
33,356

4,188
6,900
5,047
6,766
23,635
12,521

$9,000
56.000
15.500
27.500
24,700
1,000

8,940
9,191
8,SOB
9,054
15,676
11,675

6,594
6,682
3,191
5,906
9,616
9,270

$63,000
22,700
43,450
49,100
39,565
48,000

Total.......... 162.582

59,057

$133,700

63,434

41,259

$265,815

Unlisted
shares

Bond
sales

Listed
shares

Unlisted
shares

85

C H R O N IC L E .

Bond
sales

Outside Securities
A Weekly Review of Outside Market w ill be found on a preceding page.

G iu Sectiritien
Bid
68
Indian!'.polls Gas........ 50
99
1st g 5s 1952.......... A-O
98
Jaoksou Gas 5s g ’ 37. A-O
40
Kansas City Gas........ 100
li Laclede G as..............100
95
1 Preferred .............. 100
]
38
La ray’ eG as 1s 1 63*24. M-N
34
LogA W abV ls t 6 s ’25.J -D
.Hadis* n Gas 6s 1926. A-O *103 4
Newark Gas 6s 1944.Q-J *133
90
Newark Consol Gas.. 101)
IlCon g 5s 1948.......J-D 109
No Hudson L H A Pow —
os 1938 .................... A-O *108
2
1|OA Ilid C Nat A III .100
25
1st 6s 1926..............J-D
68
Pat A Pas Gas A EleolOO
H Con g 5s 1949....M -S *100
St J osepli Gas 5s 1937. J-J * 87

Indu.Mtrinl and ili.scn
liUi
l SG
/
Consolid Car Heating 100
60
103
20
IICous Firew’ ks com .100
40
L01
1 Preferred............... loo
1
60
4 5 Con» Ry LtgARefrig. loo
100
*
1
Consol Rubber T ire.. 100
110
Preferred................. ion
43
Debenture 4s 1951 A AO
38
H
Cons Storage Battery io
1L
1074 Corn Prod Ref See Stock Ex. el ist
134
18
Cramps’ Sli A En Bldglou
2l
91
10
HCrucible Steel..........101
11
110
74
1 Preferred............... 100
1
101
to i
Cuban 6s of 1896.......
1 Diamond Match Co. 100 119
1
5
Dominion C opp er___
30
Douglas C op p er........... 5 \ 4
■H
} i
74
20
25
Electric Boat..............100
60
70
104
P referred................. 100
10 I Li
91
Electric V ehicle........ 100
14
17
P referred................. 100
4
8
Empire Steel..............100
T e le g r & T elephone
35
40
P referred................. lo o
75
80
89
91
DAmerTeleg A Cable 100
1 General Chemical ..100
1
I Central A So Arner. 100 140 150
HPreferred............... 100 102 1044
Commer Un Tel (N Y ).25 119 123
Gold H ill C opper........ 1 I 2%
- 5S
1 9 b 193
4
78
Emp A Bay State Tel 100
Greene Con Copper... 10
47
I 2
Franklin...................... 100
53
Greene Consol G old ... 10
2*4,
UGold A S to c k ..........100 119 123
Greene Gold-Silver.. ..10 1 1 4
13
4
270
85
Hudson River Teleph 100
90
GuggenheimExplo’ n. 100
125 135
11N Y & N J Teleph...100
Hackensack Water Co —
94
IINorthwestern Teleg. 50 120 125
R ef g 4s 52 op 1 2 ...J-J * 92
90
80
98
Pacific A A tlantic....... 25
85
Hall Signal C o .......... 100
20
214
']Southern A Atlantic 25 100 L03
Havana Tobacco Co.. 100
32
35
Preferred..................100
68
69
1st g 5s June 1 ’ 22.J-D
E lectric C om panies
Hecker-Jones-Jew’i Mill
Chicago Edison Co See C hicago list
1st 6s 1922..............M-S 106 L10
25
35
jKingsCo El L A P Co 100 147 152
Her’ g-Hall-Mar,new. 100
Narragan (Prov) El Co 50 t 9 6 4 103
Hoboken Land A ImplOO 200
N Y A Q El L APowColOO
53
48
H5s 1910................. M-N *102
7
P referred................. 100
8
65
75
Houston O il............... 100
35
45
65
United Electric of N J100
P referred................. 100
125 L30
4s 1949......................J-D * 714 724 Hudson Realty..........
85
95
Ingersoll-Rana pref.. 100
150
Internat’lBankingColOO
F e rry C om panies
93-4
Int’ n’l Merc Marine. 100 ~ 9 b
26
27
Preferred................. 100
I
2
Brooklyn Ferry stocklOO
75
764
Col tr deb 4 41922op’ 07
B A N Y 1st 6s 1911.J-J *100 i04
314 33
65
70
International Salt___100
X Y t fc E R Ferry stk.100
62
68
90
1st g 5 s 1951..................
1st os 1922............ M-N
5
10
N Y A H ob con 5s ’ 46. J-D *108b 109 b International Silver. 1001
50
53
P referred................. 100
Hob Fy 1st 5s 1946 M-N *109 110
*107
LO
O
1st 6s 1948............... J-D
N Y A N J 2d 5s 1946. J-J *105
60
65
40
50
10th A 23d Sts Ferry 100
Lackawanna S teel... 100
90
Lanston Monotype...... 20 1 14 b - - - •
1st mort 5s 1 9 1 9 ...J-D * 80
26
30
Lawyers Mort lnsur.100 185 189
flUnion Ferry stock .100
50
60
9 1 b 93
HLeh So W ilkesb Coal.oU
Hist 5s 1920 .......... M-N
Lord A Taylor............ 100 120 130
R a ilro a d
P referred ................. 1003 100 L03
Chic Peo A St L pref.100
HLonllard (P) pref ...100 130 156
70
71
Deposited stoca............
2
5
M ackiy Companies ..100
72
72 b
2
Undeposited stock.......
5
P referred................. 100
15
25
95 100
Priorlien g 4 b s ’ 30MAS
Madison Sq Garden..100
75
80
2d 6s 1919..............M-N
Con mtg g os 1930.JAJ
5
7
7
12
Income 5s 1930.............
HManliatt Beach Co. 100
27
a
40
403 Manhattan Transit___20 f 2 b
4
Chic Subway............... 100
13
17
IIFort W orth S Denver
o
Mex Nat Construe.pf 100
b
51S
85
City stamped.......... 100
Mine S ecu rities.......... 5 f
5
N Y N H S H artford o
Mitchell M ining..........10 t 4 b
Monongahela R Coal.. 50 t 3
Con d eb 3 b s 1956. J A J *112 113
22
P referred................... 50
North’n Securities Stubs 225 237b
js
b
Mont A Boston Consol .5 t
Penn, gu g 4 b % notes
i
N ov 1 1907......... MAN * 99 h 99 b M ortgage Bond C o... 100 100 105
37
Nat Bank of Cuba___100 106 L03
Pitts Bess S L E ........ 50 t 34
o
73
National Surety........ 100 135 L45
Preferred................... 50 f 70
16b 17
Railroad Securities Co.—
Nevada Cons’d* Copper.5
35
45
93
90
HNew Central C o a l___20
IlLC.stk.tr. cfs.ser.A’ 52
42
N J Ter Dock A Im p. 100
Seaboard A ir L i n e \
98 100
N Y Biscuit 6s 1911.M-S 102 b - - - - -r
Coil tr os 1907 o p ... M-S
N Y Mtge A Security. 100 190 200
SeaboardOo___ See Bait Exch list
35
40
flNew Y ork D o c k ___100
Va So Southwestern.. 100
80
83
^ P re fe rre d .............. 100
in du strial and M isccl
6b
N Y Transportation.. .20 t 5 b
78
Niles-Bem-Pond com. 100 120
Ahmeek M ining........ 25 t 77
2b
3b
1|Ontario S ilv e r ........ 100
Alliance Realty........ 100 118 125
48
50
Otis Elevator com ___100
6 l4
American Can com ... 100
O
96 L O
P referred................. 100
51 h 5 2 b
a
P referred................. 100
tb
Phoenix Securities...
American Chicle C o..100 175 182
3u b
Pittsburg B rew ing___50 t 30
P referred................. 100 103 107
4L
P referred................... 50 L 49 b 50
Am Graphoplio com ..
79
82
Pittsburg Coal See Steel Excli List
P referred .................100
5
3b
Pope Manufacturing. 100
Amer Hardware........ 100 104 106
75
65
1st preferred.......... 100
Am Ice Securities_ See Stk E x list
_
14
17
2d preferred..........100
Am M alting 6s 1 9 14. J-D 103 105
95 105
Pratt A W hitn pref.. 100 102 105
Amer Press A ssoc’n.100
3
Realty Assoc (Bklyn)lOO 160 lG8
1
Am Soda Eoun com .. 100
40
Royal Bak Powd pref.100 107 110
48
1st preferred............ 100
10
Safety Car Heat S LtlOO 280 295
o
5
2d preferred............ 100
t 55
Seneca M in in g ..........
Amer Steel Foundries—
89 b Singer M fg Co............ lo o 520 j4U
M 6s 1935........... A AO * 88
Southern Steel—
American Surety........ 5u 190 200
94
4b
1st s f g 5s 1930 opt M-N i 92
American Thread pref..5 r 334
40
45
Standard Coupler comlOO
Am Tobacco (newj com .. 330 350
P referred................. 10U 120 130
Prefd.......... See S tock Exch list
10
3
4s and 6s........ See Stk Exch list Standard M illing Co. 100
32
25
40
Preferred................. 100
35
Am Typefo’rs com ... 100
78
81
O
98 L O
1st 5s 1930............ M-N
Preferred................. lo o
4
Standard Oil of N J ..100 590 595
3b
Amer W riting Paper. 100
Swift A Co See Boston St k E xc u’ge
P referred................. 100
23 b 24
1st 5s 1910-1914___J-J *102 106
84 b 85 b
5s 1919..................... J.J
65
Tennessee Copper.......25 i 37 b 39
flBarney S Sm Car ...100
o
75
UTexas A Pacilic Coal 100
HPreferred............... 100 135 140
23
1st 6s 1908..............A-O *105 110
25 b
HBetlil’m Steel Corp .100
85
IfPref e r r e d .............. 100
873 Title Ins Co of N Y ..1 0 0 ISO 190
4
Tonapah Min (Nevada). 1 t 19 b 1 9 b
HCoU.tr.g.s.f.os 1914. J-J ....... 96
20
16
TTentonPotteries com 100
Bliss Company com ....5 0 140
94
98
Preferred new ___ 100
P referred................... 50 130 134
45
55
Trow Directory u ew ..l0 0
Bond A M tg Guar___100 395 405
lb
Union Copper............... 10 t l b
Borden’s C ondM ilk.. 100 172 L77
95
90
Union Typewr com ..i0 0
P referred................. 100 113 116
120 125
1st preferred........... 100
British Col Copper........ 5 f 7 l8 7^8
2d preferred............ 100 120 125
26
28
Butte Coalition M in.. 15
43
United Bk Note C orp..50. r -u
3
6
Casein Co of Am com.. 100
52 b
Preferred ............... 50 i 50
85
75
P referred................. 100
97
97b
United cigarM fg., pf.loO
Casualty Co of A m erica.. 120 130
63
63 b
United Copper........... 100
Celluloid Co.................100 140 114
94
90
12
P referred ................. 100
17
Cent Fireworks com .100
. •••
•
200
70
65
U. S. Casualty........... 100
Preferred.................. 100
30
U S Envelope com ... 100 I 23
4
5
Central Foundry.......100
92
89
^Preferred............... 100
15
20
P referred................. 100
US Rub 2d pf See Stock Exch list
80
78
Deb 6s 1919 op ’01M-N
Central Leather........ See Stk E x list U S Steel Corporation— *112 b 113b
Col tr s f 5s ’ 51 opt ’ l l ..
Century Realty........ 100 190 2 0 0
Coltr s f os ’ 51 not opt.. 1*112 113 b
Ciiesebrough Mfg Co 100 440 480
U S Tit Gu A lndcm .100 125 130
Chic Pneum Tool. See Ch i c a g o list
W estchester A Bronx
City Investing Co........... 1 1 0 118
Title A Mort Guar C o . 175 180
HCiaflin (H B) com ___100 108 118
110
Westingh A ir Brake..00
96
Hist preferred........ 100
West Elec A M fg—
96
1,2(1 preferred..........100
Con s f 5s ’ 31 Op ’ 12 J J i B6b 97 b
Colo Industrial. See Stoc k E x list
b
|
80 | White Knob M in.............
65
Col A Hock Coal A I pf 100
lb
l\
Preferred ......................
i at g fis 1 9 1 7 ...... J-J * 83 b 93
118
1 0 1 b ' Worthing Pump pref.100 115
Col tr 6s Oct 1956..J-J
Ask

75

S treet R a ilw a y s
Bid Ask
Lake St (Cliic) El See C hicago list
IILouisv St5s 1930..JAJ * l l l b 112 hi
34
LynnA Bos 1st 5s ’ 24. J-D *107
31
B leeckSt A F u lF stk 100
92
95
1|New Orl Rys A L gt.See Stk E x list
^ lstm o r t4 s 1950 ..J-J
P referred............. See Stk E x list
UB’y A 7th A v e stk ..100 230 240
L G e n M g 4 b s ’35 See Stk E x list
" V2 dm ort 5s 1914 ...J-J 103 105
North Chic Street See C hicago list
Con 5s 1943 See Stock Exch list
Pub Serv Corp of N J100 100 105
B’ way Surf 1st 5s gu 1924 *105 108
67
68
Tr ctfs 2% to 69o perpet
fiCent’ l Crosst’ n stk .. 100 320 350
Coll trust 5s gold notes
Viet M 6s 1922 ...M -N *115 118
96
1909 optional....M -N * 95
VCenPk:N& E K stk.100 198 202
30
North J ersey St Ry 100
IjChr’ t’ r A 10th St stk 100 170 tl7 9
1st 4s 1948........ M-N * 77
78 hi
ColA 9th A ve 5s See Stock Exch list
81
82
Cons Trac of N J ...1 0 0
Dry D E B A 3—
1st 5s 1933..........J-D *105 107
*jlst gold 5s 1932...J-D 109 112
99 102
New’k Pas R y 5s ’ 30J-J *110 112
flScrip 5s 1 9 1 4 ---- F-A
Rapid Tran St R y.,100 240 250
1 Eighth Avenue stk.100 380 400
]
100 105
1st os 1921.......... A-O *108
25
J C H ob A PatersonlOO
i;42dA G rS tF ’y stk .. 100 380 400
70
50
4s g 1949........... M-N * 7 3 b 75
42d St M A S tN A v .,1 0 0
So J Gas El A Trac 100 120 123
5jlstm ort 6s 1910 .M-S 103 105
70
55
Gu g 5s 1953.......M-S *100 101
1i2d income 6s 1915 J-J
N o Hud Co Ry 6s’ 14J-J *109 112
In ter bor o-M et ropolit an—
5s 1928..................J-J *108 111
Common. See Stock Ex cha’ ge list
E xt 5s 1924.......M-N *100 103
Preferred. See Stock Ex cha’ ge list
Pat City con 6s ’ 31. J-D *120
4 b ° 0 bonds. See Stock Exch list
2d 6s___1914 opt A-O *100
L ex A v do Pav F 5s see St k E xc list
Metropol Securities See Stk E x list So Side E l (Clue) See C iiicago list
Metropol street R y See Stk t x list Syracuse Rap Tr 5s 1946 *106b 107
Trent P A H 5s 1943J-D *102 105
Ninth~Avenue stock .100 170 L8o
United Rys of S tL —
Second Avenue stocklOO 200 205
47 b 49
Com vot tr c t f s .......100
Tilst mort os 1909 M-N *101 103
113
1 Preferred...............100
]
79 b 81
Consol os 1948___ F-A *110
Gen 4s 1934___S'eeStk Exch list
i; Sixth Avenue stocklOO 172 174
UnitRysSanFran S’e^Stk Exch list
Sou Boulev 5s 1945..J-J *100 104
8
W ash R y A El C o .... 100
383 39 b
4
So Fer 1st 5s 1919...A-O *104 LU
85 b 8 6 h
P referred................ 100
i
Third Avenue See Stock Exch list
85 b 85
4s 1 9 5 1 ....................J-D
Tarry W P A M 5s 1928 *102 106
25 1 29
4
YkersStRR 5s 1946A-G *104 10 7 DW est Chicago S t ___100
70
1,Con g 5s 1936___M-N
28tli A 29tli Sts 1st os ’ 96 * 14)6 b 109 b
TTwenty-TIT d St stk 100 390 410
i
G as S ecu rities
Union Ry 1st 5s 1942 F-A *106 110
NEW YORK
Westchest 1st 5s ’ 43 J *J *108 111
Cent Un Gas 5s g ’27.JAJ *100 102
BROOKLYN
Con Gas (N Y )stk . See St k Exc h list
Conv deb 6s ctfs See Stk Exch list
Atlan A ve 5s 1909..A-O *101 ,02
7Mutual G a s ............. 100 200 240
;
New Amsterdam Gas—
Con 5s g 1931........ A-O *106 111
B B A W E 5s ly 3 3 ..A -0 100 102
1st consol os 1948..J-J *100*2 102 b
Brooklyn City stock ... 10 228 232
N Y A East River Gas—
Con os See Stock Exch list
1st 5s 1944.............. J-J *103 107
Bfcin Crosstn 5s 1908. J-J 100 103
O
Con8ol5s 1945........ J-J *102 L O
38
Bkn Htrts 1st os 1941 A-O 105 108
N Y A Richmond Gas. 100
B k ln Q C oA S u b See Stk Exch list
Nor Un 1st 5s 1927.M-N *100 100b
Bklyn P*ap Tran See Stk Exch List
^Standard Gas com ..100 100 120
1 Coney la. A Bklyn ..100 200 235
TiPreferred............. 100 150 170
93
1st cons g 4s 1948..J-J
96
1st 5s 1930............M-N 105 109
Brk C A N
1939.J-J 111 113
OTHER CITIES
Gr StAN ew 1st 5s ’ 06 F-A 100
Gr’ pt ALorimer St 1st 6s 103
Amer Light A Tract. 100 116 118
9 9 hi 100 b
Kings Co. Elevated—
Preferred................ 100
1st 4s 1949 See Stock Exch List
Bay State G a s............. 50
b
6ie
Nassau Elec pref.......100
65
75
Binghamton Gas 5s 1938 * 95 100
os 1944................... A-O 105 110
Brooklyn Union Gas deb
1st 4s 1951.......... See St k Exc h list
6s 1909 conv ’ 0 7 ...M-S 125 135
5
N W b’ g A Flat 1st ex 4^8 101 104
Buffalo City Gas stocklOO
7 hi
Stein way 1st 6s 1922. J-J *113 116
1st 5s 1947 See Stock Exch list
Consol Gas of N J—
OTHER CITIES
95
1st os 1936...............J-J * 92
Consumers’ L H A P ow —
Buffalo Street Ry—
J
5s 1938.....................J-D *105 ......
1st consol 5s 1931..F-A *11012•111
Elizabeth Gas Lt C o.. 100 27 5
Deb 6s 1917........... A.O *105
Essex A Hudson Gas 100 123 126
40
Chicago City Ry
See C hicago list
46
Fort W ayne 6s 1925.. J-J
Columbus (O) St R y ..l0 0 100 101
57
60
Gas A Ei Bergen C o ..100
Preferred................ lo o 109 UUt, Grand Rapids Gas—
Coium Ry con 5s Lee Pli [ila list
Ijlst 5s 1 9 1 5 ..........F-A *101 103
Cro8sl’ wn 1st 53’33. J-J 1*103 110G Hudson Co Gas..........100 107 109
Grand Rapids R y ___10
70
I udiana Nat A 111 Gas—
75
Preferred................ 100
85
25
90
1st 6s 1908............M N
30
1
* Buyer pays accr’d int. tP rice p e rsh . tSale price. a Ex-rights. z E x d iv . £ N ew stock. USeils on St’k Exch., but not a very active security.
S tre e t R a ilw a y s
NEW YORK CITY

o h

Bid

Ask

BOSTON STOCK E X C H & N & E -S took Record, Daily, W eekly and Y early
S h a r e P r ic e a — N o t P e r C e n t u m P r i c e *
S a tu r d a y
J u ly 7

M onday
J u ly 9

T u esd a y
J u ly 1 0

% 88*4
* 9 9 % 100%
243% 243%
152
153
* ..........240
171*2 172
*170
.........
* ..........309
27
m \
*77
SO
* ......... 163
* ......... 1 2 0

87% 87%
9 0 % 99%
242 2 4 3 %
152 152
* ........240
♦170 172
*1 7 0
175
♦305 309
27
27
*7 6
80
160 160
* ..........1 2 0

87% 87%
♦ 90S 100 %
243 St 243 S
152S 152S
. 24 0
*1 7 0 % 172
*170 175
♦
309
*
..2 7
*
79
*..........160
*_
. 120

137 % 137%
•'102 105
*90
..........

137 hi 137 8

88

19
19
0 8 % 69%
*20*4 21*4
19170 1917*
205
*53
*53

205

..........
60

*70
73
1 00 100*4
144*% 14 4.
*0 4 % 95%
*9 6
110

96
110

%

102

102

102

-9 0

.........

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..........

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102

*19
69%

20
19
19
19
19%
69 % * ......... 69 S * .......... 69%
- 2 0 % 2 L% * 1 9 % 20%
191
191*4 1 9 1 34 190 191*4 190
.......... ” 205
.......... *5 6
*53
60

♦70

100

*7 0
73
MOO 100 S
1 4 3 18 144
1 4 3 34 143%
♦94% 9 5 % * 9 4 S 9 5 S
*95
110

96%
110

58%
57% 58 S
87 %
87 % 8 8
*102
1 0 J% *193
193%
*3 %
4
*3%
4
130% 131
130 St 131
*
», * ___ ...
s
* .......... 1 0
* .......... 1 0
220

220

220

♦9 %
102%
♦22 V,
*2 6
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10 8
78%
30%

10
103
23
..........
3
108
78%
30 V

* 9 % 10
1 0 2 S 102%
*22 St 23
* 26
..........
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3
107% 108%
78V2 7y
31
31
34%

220

35%

1 0 U78 1 U2

95
*1 0 9

22

93
16 S
36
129
132%
128
34
103
*4
*1 1 5 %

95
UOS

*7 0

73
% 100 %
1 4 1 % 142%
*94
.........

100

95

95

110

110

22
*21
23
93%
93
93
16 % 16 %
17
36 %
3 5 % 36%
129% 1 2 8 % 1 2 9 %
133
133
133
131 % 129 % 130
34
33% 3 3 %
1 0 3 S 103 1 0 3 %
4%
*4
4%
116% *1 1 5 % 116%

*7 S
8 S
240 240
163 S 1 6 3 %
£ 5 6 % 57 \
8 7 % 87%
192
193S
*3 S
4
130% 130%
* ..........
St
*. . . . 1 0
219 219
*9 St 10
102S 102S
* 2 2 S 23
26
26
” 2%
3
107S 107S
7 7 % 78%
30
30

34’ %

..........

* 205
207
.........
*53
60

73

100

58%
87 %

3 4 7s 35%

1 3 7 S 1 3 7 S * 1 3 7 % .........

102

*2 0 6
*53
*53

*7%
8 %
241
241
1 no ir,
56
56 %
8 7 % 87%
*193 1 9 3 %
3%
3%
131 131
*
%
*
10
219 219
* 9 % 10
*1 0 2 % 103
* 2 2 % 23
26
26
*2%
3
1 0 7 % 108
77
77%
-3 0
30%

34%

33%

101% 101%

*6
32
98
10

6%
35 S
99 S
10

5%
32
97%
*9

6
32%
98%
12

3
3
3
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3
3%
*1
1%
*1
1 -*
-4
*1
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13
13
13
13
13
13
29 % 30
29
29
*28
29
**45
'50
*•45
*50
*•45
*50
25 'fi 25 7e
2 5 % 25 S
25% 25%
30
30
29 '8 30
29
29%
1 09 v* 1 0 9 V 109 hi 1 0 9 S 109
,
109%
* 6 6 0 682
6 8 2 682
6S2 682
21
21
20S 20S
20
20
* ..........
5 V; * ..........
5V *
,
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>
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*55
*55
*60
•55
*57
71
71%
6 9 34 71
6 9 % 69%
1 5 % 15 v.
1 5 % 15%
15% 16%
*118
120
* ..........
2
17 % 17%
* 1 0 % 11 ^
22
22S
* 4 % .........
1 7 V 17 %
2
*7
8
*•45
*55
1 i % 11%
* 6 0 % 62
2%
2v
18
18 %
8 5 % 86
**70 ..........
38
38
10 2 % 10 3 %
26
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**60
‘ 70
89% 89 v
*4
*1 %
IS:
8^8
8%
*93
95
*10
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8
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8%
%
___

66

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5 5 % 55%
"7
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4 a8
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13 8
138
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* ..........
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17 S3 17 S
* 10% 11
21
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11% U S
60
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3%
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1 7 S 18
85 S 86
*•70 ..........
37 S 37 S
102 102
26
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*•60
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90
90
4
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* 1%
IS
8S
8%
93
94
10
10s
S l4
8%
65
661
4
9%
9%
55
55
45
45
5 4 l4 55
"7 V
7%
4: hi
4%
140 140
* % ........

*1 1 8
120
* ..........
2
17% 17%
10% 10%
20
21%
*5
6%
17
17%
7
7%
*•45
-50
10% 11
60
61
*2
2%
1 7 % 18
85% 85%
’ *•70 ..........
36% 36%
1U 2^102%
26
26
*70
8 8 % 89
3%
3%
1%
1%
9
9%
*9 3
..........
10
10
8
65

34%

100% 101%

* '5 0
.......... *•50 .......... *•50 .......... **50
* ......... 1 2
*.......... 1 2
12
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*
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ya
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93
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93
91
*76
80
*76
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* .......... 91
* .......... 91
*
♦6
6%
3 5 78 0 6
98 % 10 0
*0
12

T h u rsd a y
J u ly 12

F rid a y
J u ly 13

12

91
80
91

6
33
96%
*9

6
33
98%
12

3

3

*13
14
28% 28%
-•45
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25
25%
29% 29%
110

110

6 8 2 682
20
20
+
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•55
‘55
69
69%
1 5 % 15%
*1 1 8 1 2 0
*
2
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17%
* 1 0 % 11
20
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17
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*•45

17
8
*55

n s
60
60
2
2
1 7 % 17%
85
80
2*-70 ..........
35
37%
1 0 1 % 101%
25
25%
•70
*70
88
88%
*3%
4
*1 %
1%
8%
9%
93
93%
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10%

8%
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11

%

S%
65%

8%
66%

*9% 10%
*9 % 10
55
55% *55
55%
4 4 % 45
45 £ 4 5
54 % 54%
54% ' 55
*7 %
7%
7 '8
? l4
4%
4%
4%
4%
140
140
*138
140
* % .........
* a4
1

c B e fo r e p a y ’ t o f a s s e s s e s c a lle d in L905

S a les
o f th e
W eek
Sh ares

R a n g e lo r Y e a r
1906
L ow est

T lia h e sl

L a n g e fo r P r e v i o u s
Y ea r ( 1 9 0 5 )
L ow est

H ig h e s t

U a ilr o a d t t
A t c h T o p & S a n ta FelO O
545 8 6 % J ’ ly 12 9 6 % Jan 13 77 % Ma> 9 3 % M a r
D o p r e f ................. 1 0 0
25 9 8 % J ’ ly 3 105% J a n 3 9 9 ^ Jan 105% S ep
138 24 2 J Jy 9 257 % l- eh 10 253
D ec 261
A pr
B o s to n < A l b a n y ___ 1 0 0
fe
B o sto n E le v a t e d .___ 1 0 0
1 26 152
J ’ n e l2 160 J a n lai i 52
N ov 158% A p r
208 J ’ ne 1 2 2 4 6 % A p r 2 2 241 M u\ 249
B o sto n & L o w e l l........ ] 0 0
A lar
D ec 1 8 5 % A lar
4 6 2 1170 T;n e l 6 ISO % A p r 2: 1 7o
B o s to n & M a in e ........ 1 0 0
Do n r e f
__
TOO ......... 170 J ne 7 175 % M ay 4 i 71
Jau L75 A p r
B o sto n
P rovid e.n celO O
3 0 8 .J ly 3 31 4 v A p r 24 1505 Jan 311
D ec
e
35
Alar
155 25 J a n 17 39 % A p r 7j 13 % J an
B o s t o n & W o r E le c Co
D o n ref
7 2 % J a n 16 9 0
A p r 7 63 hi J a n 82 % A p r
95 158 J ’ ly 13 182 Jan 12] j ioU Jan 182 M ar
C h ic J u n c R y & U S Y 1 0 0
110 J ’ ly 5 127 Jan 16; 123 N ov L32 F e b
D o p r e f ................. 1 0 0
J a n 189% Alar
1 188
C on & M o n t C la ss 4 . . 1 0 0
J ’ ly 11 190 M ai 24 LS0
L a st S a le 163
A p r ’ 06 C o n n & P a ss R iv D ref 100
163 A p r 6 163 Axir »• i. 6 0% Jan 167 A u g
;
29 7 % A p r 3 208
A p r 2 285 Jan 300 A u g
L a s t S a l e 2 9 7 % A p r ’ 06 C o n n e c t ic u t R i v e r . . . 1 0 0
139
139
18 1 3 7 % J ’ n e l2 145 J a n 3* iU41
D ec 148 M a r
*1 3 8 % 140
F it c h b u r g p r e f ............ 1 0 0
410 95 J a n 8 107 A p r 27 59 % Jan
92 O c t
102
102
*1 0 2
105
G a R y & E l e c t r i c ___ 1 0 0
9 6 N ov
L a s t s a l e 99%
9 0 % J ’ly 2 95
Jan
J ’l y ’ OS
Jan 2; 1 8 6
Do p r e f ................. 1 0 0
197 .M£ir27 19 8 A p r 13 175 Jan 192 D e c
J ’ lie ’ Uij .M aine C e n t r a l.............. 1 0 0
L a s t S a Le 1 9 8
0 (H) 17
J a n 5 23 J ’ n e 8
13
O ct
23 A p r
18% IB S
18
18
M ass E le c t r i c C o s ___ 1 0 0
N ov 70 % Alar
395 5 9 % J a n 2 75 .J’ ne s, 1 55
D o p r e f ................. 1 0 0
67%
67%
69
69
2 2 % M ay 1 2
19% Ma'\ 2 5 % D e c
L a s t S a l e 22%
25 % J a n 0
M a y ’ 06 M e x ic a n C e n tra l
100
191%
191 % N Y N H & H a r t . . . . 1 0 0
52 6 19 0 J ’J y l l 207% J a n 27 a 192J% O ec 215% S ep
191
191
L a s t s a le 1 6 0
J ’ n e ’ 06 N o r th e r n N H ______ 1 0 0
157 M ay 2 6 103
F e b 7 JL64 O ct 167% Alay
15 2 2 8 J ’ ly 12 23 3 % M arlU 232
Jan 233 Alay
2 2 8 228
N o r w ic h & W o r n reflO O
33 205 M a y2 1 2 1 0 J a n 15 205 % Jan 212 Ai>r
205
205
O ld C o lo n y .......... T____ 1 0 0
2<>5 205
O c t ’ 05 P e r e M a r q u e t t e ..,
79 Jan 102 F e b
L a s t s a l e 101
100
F eb
J ’ n e ’ Ob
L a s t S a le 53 %
5 0 J a n 15 57 F e b 20 5 2 % Dec- 87
D o p r o f ...... .
100
Last- s a l e 54%
J ’ l y ’ 06 R u tla n d p r e f ................ 1 0 0
50 M a r l 4 64 J a n 4 50 Ai>r 72 J a n
67 % A.ug
L a s t S a l e 7j %
J ’ n e ’ 06 S e a ttle E l e c t r i c __
65 J a n 10 80 M a r 2' 5U Jan
100
100
45 95 J a n 10 106
F eb 20' 9 3 % Jan 102 S ep
MOO 100 S 1 0 0
D o p r e f ................. 1 0 0
140
141% 141%
141% U n io n P a c i f i c .............. 1 0 0 3 ,0 2 0 139 % M ay 2 160 % J a n 24 113 Jan 151% D e c
S ep 101% F e b
91 M a y 3 99% J a n 2 95
J ’ l y ’ OO
L a s t S a l e 95%
D o p r e f ................. 1 0 0
L a st S a le 175
M a y ’ 06 V e r m o n t & M a s s ... 1 0 0
175 J a n 11 178 A p r 4 172 Jan 180 O c t
S ep
*9 4 % 96
*95
96
103 95 J ’ly 10 101 J a n 2| 93 Jan 1 0 2
W e s t E n d S t ................ 50
n o
n o
25 110 J ’ n e 2 ? 116% A p r 9 110 D e c 117% A p r
M 10
110%
D o p r e f ................. 50
3 1 % S ep
L a s t S a l e 25%
M a y ’ 06 W is c o n s in C en tra l
2 5 % M ay 9 25 % M ay 9' 2 1 % Jan
100
55 % A u g 60 % S ep
L a s t S a le 60
O c t ’ 05
Do pref
100
L a s t S a l e 150
A p r ’ 06 W o i c N a s h & R o cli 1 0 0
150 F e b 5 1 5 0 % F e b 16 146 M ai 151 N o v
M is c e lla n e o u s
29% A pr
21
21
*19
21
3 00 21 J ’ly 12 34 J a n 27; 1 9 % Jan
A m er A g r ic u l C hem . 1 0 0
96% S ep
9 2 % 92% ♦91%
Jan
1(51 0 1
93
M a y 2 102
Jan 26 8 6
D o p r e f ................. 1 0 0
14%
15
4 % A p r 15 D e o
15
15%
A m e r P n e u S e r v ........ 50 4,285 11 J a n 3 29 M ar21
35
36%
35
35
D o p r e f ................. 50 1 ,073 30 J a n 4 46 A p r 2 2 0 J a n 36 % D e c
128
128% 1 2 8 %
129
A m e r S u g a r R e f in ___ 1 0 0 2 ,3 2 7 12 8 M ay 2 1 5 6 % J a n 8 130% Ma\ 154% D e c
May 140 % A u g
133
133
104 131
132
132
M ay 2 141 J a n 26 132
D o p r e f ................. 1 0 0
1 2 8 % 129% 128%
129
A m e r T e le p & T e le g . 1 0 0 3 ,2 7 6 128 J ’ ly l o 1 4 4 % J a n 17 130% D e c 14 8 J a n
3 2 % 33
Jan 47 N o v
321
4
3 2 % A m e r W o o le n ............. 1 0 0
610 3 2 J ’ n e29 47% Jan 24 2 1
1 0 2 % 103
102
102
4 83 102 J ’ ly 3 110% F e b 2 ! 92 % Jan 109 A lar
D o p r e f ................. 1 0 0
3% M ai
4 3j J ’ ne
L a s t S a l e 4%
J ’ n e ’ OG B o s t o n L a n d . . . _
10
3% J a n 11
4 % j ’ n e 7'
116%: 116 % 116
116
182 11 0 ' J ’ly 13 L18% M a r l2 116 A u g 124 J a n
C u m b e r l T e le n & T e l 100
28 D e c
2 7 % 27% * ..........
27% D o m in io n I r o n & S t
180 2 6 J a n 4 34 A p r 3’ 17 Jan
7% J a n
5 % J ’ ly
8
8
55
5 % J a n 31
9 % A p r 11
*7 %
8 % E a s t B o s to n L a n d ___
D e c 25 7 A p r
2 4 0 240
240
240
79 23 8 J ’ n e l2 25 0 J a n 13 239
E d is o n E le c I l i u m . . . 1 0 0
i nn
1 69% M a r 191 J a n
1 0 1 -% 16 L%
1 6 1 % M ay 2
51% A ug
5 3 78 55%
53
54
M ay 3 6 4% J ’n e 18: 33 % Jan
M a s s ’ ch u s e ttsG a sC o slO O 7,251 4 4
s 8 % Alay
37% 87%
87%
87%
889 8 4 % M a y 17 8 9 % j ’ n e 7 80% Jan
D o p r e f ................. 1 0 0
193 192
33 190 M a’r 23 198 M a r 9 US5 % J 'n e 20 6 A p r
*193%
M e r g e n th a le r L i n o .. 1 0 0
j|3 % D eo
1 F eb
*3%
4%
100
3 Jan 2
*3%
4% M e x ic a n T e le p h o n e .. 1 0
5 F e b 24
D ec 140% A p r
130% 130% 1 3 0
130
198 130 J ’ ly 13 141% A p r 6 131
N E T e le p h o n e ............ 1 0 0
2 % Jan
L ast Sale 1
1 F eb
J a n ’ 0 6 Pla.ntCnm ttst.&tlr nnm l 0 0
1 J a n 16 l i i 6 J a n 15
17 J a n
10 Jan
L a s t S a l t I 3 l4
S e p ’ 05
Do pref
166
219 219
*2 1 9
220
161 21 9 J ’l y 10 2 4 6 % J a n 2 1 230 M ay 258 O ct
P u llm a n C o ................... 1 6 6
10 % F e b
8 % Jan
- 9 % 10
10
9 % J a n 11 10 % A p r 3;
9%
9% R e e c e B u t t o n -H o l e .. 1 0
1 0 2 % 103%
102%
103
104 101% J ’ n e22 108% M a r 9 100 D e c 11 4 J a n
S w i f t & C o ................... 1 0 0
L a s t S a l e 22%
18 J ’ly 23 J a n
F e b 13
2 2 % J a n 11 23
J ’ n e ’06 T o r r in g t o n C la ss A . . 25
♦26 .......... *26
Tin p r e f
60 2 5 % M a r 20 2 6 J ’Jy 2 25 Mu\ 27 A u g
25
4% A u g
2 % M ay
L a st Sale 2
2 J ’n e ll
2% J a n 22
J’ n e ’ 06 U n io n C op L ’ d As M g . 25
Feb
108 108
107%
107% U n it e d F r u i t ............... 1 0 0
583 103% M ay 2 113% M ay 17 103 A p r 115
75
76%
75%
76
U n S h o e M a c h C o r p . 25 2 ,6 2 3 73 J a n 10 8 6 % F e b 1 57 J ’ n e 90 A u g
*3 0
30%
30%
30%
198 u 2 9 % J ’ n e2 0 32 J a n 27 £ 3 0 % D e c 3 4 % A u g
D o p r e f ................. 25
57 D e c
L a s t S a l e 4 S 7a
F e b ’ Ob U S R n h h e r
4 8 % F e b 19 5 4 % F eb 1 3 4 % Jan
100
L a s t S a l e 26-9% J ’ n e ’ OG
On p r e f
109 wM ay23 113 % J an 1 3 9 8 % Jan 1 1 7 % A p r
100
3 2 78 3 3 %
32%
33% U S S t e e l C o r p ............ 1 0 0 15,427 32% J ’ly 2 4 6% J a n 20 2 4 % M ay 4 3 % D e c
D ec
9 9 a4 1 0 0 %
D o p r e f ................. 1 0 0 0 , 0 1 1 99 J ’ n e3 0 1 1 3 % F e b 1 91 M ay 107
99%
100%
L a s t S a l e * 50
O
F,
J ’ n e ’Ob W est, E n d T.n.nd
*40 J a n 26 *55 .J’n e22 •40 M a i •67% J a n
* .......... 1 2
5
11 D e c 22 % F e b
*12
12 J a n 2
90 O ct 104 F e b
*91
93
*91
93
1 8 8 A p r 25 98 % J a n 19
D o p r e f ................. 100
92 M a r
L a s t S a l e 78
7 7 % J ’ne 8 86
F e b 7 82 % O ct
J ’l y ’06 W e s t in g lE l & M f g . . . 50
L a s t S a l e 90
85 M ay 2 4 08 J a n 11 91 May 100 O c t
J ’ n e ’ Ob
D o p r e f __
50
M in in g
12% M ay H 0 % O c t
53 ,
534
5 J a n 10
57 0
8% A pr 4
5%
5% A d v e n t u r e C o n ............ 25
O ct
32
33%
32
3 2 % A l l o u e z ........................... 25 5,527 3 2 J ’ly 9 4 7 J a n 6 18 A p r 49
7 0 Jan i l l % D e c
9 2 % 96%
92%
94% A m a lg a m a te d C opperlO O 40,821 9 2 % J ’ ly 13 118 F e b 13
*9
12
8 J ’ ne 15% D e c
9 A p r 24 16% J a n 8
10
10
55
A m Z in c L e a d & S m . 25
25 % M ay 7 3 % D e c
L a s t S a l e 6 0 7q
5 7 % M ay 2 74
F e b 14
J ’n e ’06
25
7 N ov
2%
3%
1 Ma>
2 % J ’l y 13
2%
3
6 Jan 8
A r c a d i a n ....................... 25 1,15'/
3 N ov
•90
‘ 90
7g J ’ u e 5
n o
2 J an 3 •45 J ’n e
1
1 A r n o l d ...... .......... .
25
*1 3
14
135 10% M a y 28 28% J a n 6 12 % MaT 2 8 % O ct
*13%
13% A t l a n t i c ......................... 25
27
28
25
20
B in g h a m C on M in cfc S 50 2 ,5 0 0 25 J ’l y 13 4 9 % F e b 14 28 M ay 37 % D e c
L a s t S a l e ‘5 0
•45 M ay29 •75 M a r 15 •50 M ay •95 O ct
J ’l y ’ 06 B o n a n z a ( D e v C o ) . . . 10
35 D e c
5% Jan
22% 25%
22%
23% B o sto n C o n C cfe G (rc ts) £ 1 5 ,6 y ? 2 0 % M a r 15 3 3 % J a n 2
J ’ ly 13 30 % J 'n e 2v
2 7 % 28
25
26%
15 3,201 25
r.
794 10 8 M ay 3 120 A p r 17
108
] 08 " (ia, 1n m e t A A ri 7,
10
6 8 0 680
J ’n e 720 D e c
49 675 M ay 2 715 J a n 15 601
680
680
C a lu m e t & H e e l a ___ 25
i s > iy 7
8
s
1 6 % Alai 3 4 % O ct
17%
18
C e n t e n n i a l ................... 25 1,719 1 7 % J 'l y 13 32 J a n 12
Arvr’ nft UOiltlctl L /ll........ .
t y a s t S a l e J) lo
O
P,
5 hi Se/p
8 % Jan
**55
*60
355
*•50
*55
C o n s M e r c u r G o l d .. .
5
% J ’l y 7 •70 J a n 22 *30 “ M ar *75 M ay
S 5% D e c
68
69
64 Jan
66%
6 7 % C o n n e r R a n g e C o n ColOO 7,053 6 6% J’ ly 13 8 6 % J a n 20
1 5 % 15%
15
15% D a ly - W e s t ................... 20 1,358 14 M a riO 18 J a n 5 11 % M ar 22 N o v
L a s t S a l e 79 lo
86% M a r
.T’ nfVO»i
1 (TO
fiv .h is
60
Jan
7 4 % M ay 11 84
L a s t S a l e 11S
118 A p r 30 123 M a riO 113 J a n 120 D e c
D o p r e f _________ 100
A p r ’ 06
L ast Sale 2
2 Alay
4 O ct
TYIav’ Oft
2 F e b 23
2% J a n 12
12
16% 16%
8 A p r 2 0 % O ct
8 6 0 1 4 % M ay 2 21
F eb 7
15%
16
F r a n k lin ......................... 25
1 0 % 10%
10% D e c
5 Jan
9 % J a n 17 13 % M a riO
10%
1 0 % G r a n b y C o n so lid a te d . 10 1 ,6 2 0
1 9 % 20%
19%
20
G r e e n e C o n so lid a te d . 10 38,2S y 1 9 % J ’l y 12 3 1 % A p r 16 20% J ’ ne 3 2 % D e c
7 % A x»r
j, a s t S a l e ^
T’l-ir>n£ Lt UcHIclJ 11(1tU V^UUSUi.. •
16
16%
J ’ly 12 2 9 % J a n 6 1 7 % Alay 2S% J a n
675 16
10
16
I s le R o y a le (C o p p e r ). 25
6 Alay 13 % M a r
7 l4
7^4
n o
6% A p r 28 12 % Jan 13
7
7
M a ss C o n s o l................. 25
L ast Sale %
1 's O ct
•40 J ’ n e27
1 % J a n 4 •70 J ’ ne
J ’ n e ’ OG M a y flo w e r _____ ______ 25
18% D ec
1 0 % 11
1 0 % Jan
8 15 10% J ’ n e22 1 7 % J a n 0
10%
1 0 % M i c h i g a n ....................... 25
60
60%
663 5 4 % M a r 5 67 j ’ n e 5 48 Alay 6 4% D e o
58%
5 9 % M o h a w k ......................... 25
2%
♦__ . . .
6% D e c
2 J ’ ly
2 J ’ly 11
180
7 % F eb 13
* 2 1iq
2% M o n ta n a C o a l & C ok e 25
16% 17%
N e v a d a C o n s o lid a te d
5 2 ,535 1 1 J a n 26 2d A p r 18 1 0 % D e c 13 D e c
D ec
83% 85
3 4 A u g 93
83
8 8 % N o r t h B u t t e ................. 15 6,9S3 7 4 % M a r 6 9 5 % M aylO
2 % O ct
L ast Sale %
% M avlG
1 % J an 11 •75 Ma>
J ’ly ’ 06 O ld C o lo n y ................... 25
3 3 % 35
33
34% O ld D o m i n i o n .............. 25 2,365 33 J ’ly 13 47 % E e b 20 23% Alaj 36 % D e c
O ct
100 101
F e b 115
97
9 8 % O s c e o l a ........................... 25 1,987 93 M a r 7 112 M ay 17 8 8
D ec
25
25
52u 2 3 % J ’l y 13 4 8 J a n 2 22 J ’ne 47
23%
24
P a r r o t t ( S i l v & C op p ) 10
3 % J an
**60
% *•60
100 •60 M ay 10
34 P h o e n ix C o n s o l............ 25
! % J a n 4 •50 J ’ nt
87
88 ^ 2
37 6 S 4% J ’l y 13 114 J a n 11 95 Alay 118 J a n
84%
86
Q u in c y ............................ 25
8 % O ct
*3%
3%
1 % Alay
3 % J ’ ly 13
160
8 % J a n 19
3%
3% R h od e” I s la n d ............... 25
3 J an
210
1 % May
2% J a n 16
1L
4
1 % J ’l y 3
1%
1% S a n ta F e (G o ld & C op ) 10
9 Jan
6% F e b
5 % J a n 10 10 M a y lO
s\
J
8%
8 % S h a n n o n ......................... 10 17,050
93
93
386 9 0 J ’ n e 0 122 J a n 2 101 Alay 140 A far
93
98% fram a.r^.ck
. . ____ 25
2 F e b 16% O ct
♦9% 10%
9 A p r 28 1 6% J a n 8
260
9%
9% T e c u m s e h ..................... 25
L a s t S a l e 47
T’l^r
4 0 M ay 2 52 Jan 6 24 % J ’ ne 5 3% D e c
13% F eb
7 % J an
7 % J ’ n e l9 1 1 % A p r 5
8
3%
7%
8 T r i n i t y ............................ 25 3 ,667
9 M ar 75 D e c
6 3 % 64%
F eb 7
63%
64% U n i t e ! C o p p e r ............ 100 6,250 5 7 % M ay 2 78
D eo
T-1oTr’ ntt
V
1 un
7 4 % N ov 88
L a s t S a l e QO
F eb21
88 J a n 9 111
9 % J’ n e3 0 1 4% M a r3 0
9 % A pr 13% D e c
9%
9%
5 10
*9%
10
U n it S ta te s C oal &OU 25
54 % 55
1,740 51 M a r 5
45
45
50 2 ,699 43 M a r 5 47 % J a n 20
5 2 % 54
5 4,51 y 5 2 % J ’ne2S 69 % J a n 12 3 9 % Alai 58% N o v
52%
53
U ta h C o n ( G o l d ) ........
6 J ’ly 13
9 % M a r l4
c*2 May | 7 % O ct
7
7%
715
6
7
V i c t o r i a ......................... 25
4%
4%
4 J ’ly 3 10 M a r 19
7 % D ec 15% F eb
676
4%
4% W i n o n a ........................... 25
A lar 10; 105 J a n 134 D e o
138 138
5^ 131 J a n 30 151
137
138
W o lv e r in e ................... 25
2% F e b
1% J ’ne
% J ’ ly 5
1% J a n 26
225
%
%
%
% W y a n d o t ............. .......... 25

......
87% 87%
8 6 % 80%
98%
* 9 9 % 100% * 9 9 % 9 9 %
*2 4 3
*243
243 243
152
152
152
152
152
*239 240
L a s t S a l e 240
170
170 171
171
171
L a s t s a l e 174
*170
L a st Sale
308
*307
*
27
* ......... 27
* .........
L a st S a le 77
*
79
158
M ........160
* ..........160
L a s t S a l e 119
*
. 120
188
188

102

-2 2
24
2 2 18 2 2 %
02
92
*92
93
17 % 13%
17
17%
36
36 %
36
36
1 3 0 % 131
1 2 9 % 130
1 3 2 % 133
1 3 2 34 13 2 %
132 132% 131
132-4
3i) 1 30
* 3 3 34 3 4 %
103
lU3 hi 103 103V
*4
4%
*4
4 34
rt115 7« 116 % * 1 1 5 78 116%
27
27
27
27
*8
$%
8 %
8 v
*2 4 0 243
2 4 0 242

101% 101%

W ed n esd a y
J u ly 11

STOCKS
BO STO N STOCK
EXCHANGE

......
98%
.........
152
J ’ l y ’ 06
170
J ’ n e ’ OG
J ’l y ’ 06
27
J ’l y ’ 06
158
J ’l y ’ 06

d B e fo r e p a y ’ t o f a s s e s s e s c a lle d in 1994.

* B id a n d a sk ed . W N e w s t a c K . t A s s ’ t p a id . t E x -r ig h ta . a E x-div.cfc r ig h ts

87

Boston Bond Record

J u l y 14 1906.]
liU M > 8

-0

c

BOSTON STOCK KXCH’ GE
5 1
W e e k kkdixo J uly 13
Am Bell Telephone 4»___ 1908
Am Telep & Tel coll tx 4s. 1929
Am Writ Paper 1st s 15s g 1919
Atch tfc Nebraska 1st 7s. .1908
Atch Too S Fe sen g 4 s .. 1995
Adjustment g 4»___J’ ly 1995
Boston Fleet Laglit 1st 6s. 1908
Coil sol os......................... 1924
Boston & Lowell 4s.......... 1907
4s....................................... 1916
Boston & Maine 4 k&........ 1944
Boston Terminal 1st 3*28.194?
Bur & Mo Riv ex 6s.......... 1918
Non-exempt 6s............... 1918
Sinking lund 4s..............1910
Butte & Boston 1st 6s___1917
Cedar Rap & Mo R 1st 7s. 1916
2d 7 s ................................. 1909
Cent Vermt 1st g 4 s..M a y l9 2 0
C B < Q Lowa D iv 1st 5s. 1919
ft
Iowa D iy 1st 4 s .............. 1919
Debenture 5s...................1913
Denver Lx ten 4s........... 1922
Nebraska Exten 4 s .......1927
B & S W s t 4s................. 1921
Illinois Div 3*28..............1949
Joint bonds See Gt Northern
Chic J c Ry < Stk Yds 5s .1915
fe
Coll trust refunding g 4sl940
Ch Mil < St P Dub D 6s.. 1920
fc
Ch M & St P W is V div 6sl920
Chic & No Mich 1st gu 5s. 1931
Chic & W Mich g e n ‘5 s___ 1921
Concord tfc Mont cons 4s.. 1920
Conn & Pass K 1st g 4 s ... 1943
Current River 1st 5s........ 1927
Det Gr Rap 6c W 1st 4 s ... 1946
Dominion Coal 1st s f 5 s.. 1940
Eastern 1st gold 6s............ 1906
Fitchburg 5 s ...................... 1908
4 s ...................................... 1915
4 s ......................................1927
Frenu Elk 6c Mo V 1st 6s.. 1933
Unstamped 1st 6s.......... 1933
Gt Nor C B & Q coil tr 4s 1921
Registered 4s...................1921

Price
hYidav
July 13

Ask
Bid
J-J
98 k 99
J-J
91 k 91k
J-J
M-S 103 k
A-O 101 101k
Nov
94
95
MS
M-S
J -D
J-J
J-J
F-A
J-J
J-J
J-J
99k*
A-0
M-N 124
J -D
Q-F
SSk 89 k
A-O 105
A-O 100
M-N 102 k
F-A
99 k
M-N 102 103
99 100
M-S
91
92
J-J
J-J 104
99
A-0
J-J
J-J
99
M-N
J-D 102
J-D
A-0
A-O
A-0
95
M-N
M-S 100
M-N
M-S
M-S
A-O
A-0
J-J
9 7k
Q-J
97

Week's
Kange or
Last Sale

■
<
-<- 0
■

Kange
Since
January J

Low
High AO Low High
1 98 k 100
98 k
98
23 90
95
91k
92
. . . If8 5 k 8S3
if85 % May’06
.|
104 Mar *06 . . . . 104 104 k
1102 k 1002%
4 99% 1108 k
If94 *8 J’ne’ 06 . . . . 98 k 97
ill) F eb’ 04
104 k A p r’ 00
101% May’ 06 __ 101%101%
114 Mar’06 .
114 114
112k Jan ’ 03
111 A p r -06
111 111k
102 Sep ’ 05 . . . . .....................
99 k J’ne'06 . . . . 99
99 k
100 J ’ne’01
129 J’ne’05
111k J’ly ’05
87
90
89 k J'ne’ 06
109 May’05
100k J’ne’ 06
100 101
102 k J ’ly ’06 . . . - 102k 104
.„ „ % 99 100 k
99*4 May’0‘3
102 k J’ ne’06
102 k 105 k
99 J ’ly 06 - ^ . 97 k 99%
92 J’ne’06 —
9 1 k 94 k

6
105 104 k 104%
k
4 104 k 107 k
>
A 97
99 k 99 k
99 k
99
122 A p r’ 06
122 124 k
126 F eb ’05
102 109 N oy’05
103 102 J ’ne’06
i o i io o
101k J’ ne’06 .... lO l% 1 0 1 k
112k Jan ’ 03
100 J’ne’O
O
100 106
97 J a n ’06
97
97
100 100 J’ l y ’ 06
100 101
100 k J’ne’ O . « •• 100k 101
O
103 k Sep ’ 05
103 k Apr ’ 05
102 k Mar’06
102 k 102k
137 k-Apr’ 06 . ♦•r 137 137k
140 A p r’ 05
97% 97 k
97 k 43 96% 101%
1 96% 101k
96%
97k 96%

BONUS

BOSTON STOCK E X C H 'G E
W kkk E nding J uly 13

^

0
j
-

Illinois Steel deban 5s___1910 J-J
Nou-con vert deben 5s... 1913 A-0
la Falls<&Sioux Cist. 7s.. 191.7 A-O
Kan C Clin < Spr 1st o s .. .1925 A-O
&
Kan C Ft S & Gulf 1st 7s.. 1908 J-D
Kan C Ft Scott- & M 6s---- 1928 M-N
Kan CM & B gen 4s..........1934 M-S
Assented income 5s.......1934 M-S
Kail C < M Ry < Br 1st 5sl929 A-O
fc
fc
Kan C St Jocfc C B 1st 7s.. 1907 J-J
Maine Cent cons 1st 7 s ... 1912 A-0
Cons 1st 4 s ...................... 1912 A-O
Maro Hough 6c Ont 1st 6s. 1925 A-0
Mexican Central cons 4s.. 1911 J-J
1st cons me 3s.......... Jan 1939 J ’ly
2d cons inc 3s.......... Jan 1939 J ’ly
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 5s 1929 J-J
New Eng Cot Yarn 5s___1929 F-A
New E ngT eleph 6s..........1906 A-O
6 s ...................................... 1907 A-0
6 s ...................................... 1908 A-0
5 s ...................................... 1915 A -0
New England cons g 5s... 1945 J-J
Boston Term 1st 4s.......1939 A-0
Old Colony gold 4 s ............ 1924 F-A
Oreg R y & Nav con g 4s.. 1946 J-D
Oreg Sli Line 1st g 6s.......1922 F-A
Repub Valley 1st s f 6 s ... 1919 J-J
Rutland 1st con gen 4 k s .l9 4 1 J-J
Itutland-Canadian 1st 4s 1949 J-J
Savannah Elec 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s........ 1930 F-A
Terre Haute Elec g os___1929 J -J
Torrington 1st g 5s..........1918 M-S
Union Pac R R & 1 gr g 4 s .1947 J-J
1st lien conv 4s............... 1911 M-N
United Fruit conv gen 5s.l911 M-S
U S Steel Corp 10-60 yr 5s. 1963 M-N
West End Street R y 4s___1915 F-A
Gold 4 k s ...........................1914 M-S
Gold debenture 4s.......... 1916 M-N
Gold 4s.............................. 1917 F-A
Western Teleph & Tel 5s. 1932 J-J
J-J
J-J

N ote —Buyer pays accrued interest in addition to the purchase price for all Boston Bonds.

Price
Friday
July 13

Week's
Range or
Last Sale

4

Bid

1
1
1
Kange
Sinoe
January/ 1

Ask Low
High .Vo
10.1 Feb ’ 01
J
101
101
........ 101
128k J’ ne’04
97
98
98 J’ ne’06
103 ........ 105 k Mar’ 06
1 1 7 k ........ 1.17 k 117'- 12
........ 96 k 96 k J’ly ’ 06
93%
93%
........ 94
4
100 ........ 100 A p r ’06
100% ........ 100% J’ly *06
. . . . . . . . . . . . 115 A p r’06
101k Sep *0.'
118 Mav’04
77 k
75
76k 75%
17
19
19 k J’ne’06
17% Aug’()5
75 J’ne’03
102 k A uk’ D1
98 k J ’l y ’06
........ 98
100 k Oct ’05
101k F eb ’ 06
101% J ’ne’O
O
106% A p r’ 06

Low High
101
101k
L O 101k
O

101k A p r’ O
G
11102%Jan ’ 05
7121*8 Mar’ 06
103 J a n ’06
L07 k N ov’ 05
102 M ai’02
98 k May’06
105 J ’ne’06
102 Dec ’05
100 J a n ’ 06
7103k J ’l y ’06
7150 k A p r’ 06 ....
l lL k J ’ne’O
O
1197% 1197%
i
100 k 100 k
1
103 k A p r’O
G
102% Jan '06
101 JTie’06
101
101k 23
1f94k Sep ’05
109% Aug’ 05

lO lk -lO lk

107 k 109
1 0 0 k ........
LOOk........
100 k ........
101 sale

* N o price F riday; latest bid and asked.

98
105k
117 k
96k
93
100
100%
115

100
106
123 k
99 k
94
104 k
102 k
115

75% 84
19k 2 o k

97

100

LOlk 10 Lk
k 101%
104 107

101

7121% 7121 %
103 103
98
L05

9S k
109

100 100
102% 7104%
7150% 155
L 7 112 k
I)
1196 7100 k
100 k 102%
102% 103 k
102% 102%
101 102%.
99 k 103 k

1 Flat price.
]

Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, Weekly, Yearly
s h a r e P r ic e s — N o t P e r C e n tu m P r i c e s

Saturaau
Jul y 7

Monday
July 9

Tuesday
July 10

Thursday
July 12

Wed'nesaay
July 11

Sales
of the
( For Bonds and Inactive Week
Stocks see below)
Shares

Friday
July 13

B a lt i m o r e

28

28

15

15

*52
34
* llk

*y7k 10 0
*57

*97

98

52 k 52%
34k 34k
11% 11%
*
8 -2
8k
35% 36
18k 18 k
I 8-2 18k
*104 106 *104 105
73% 74%
7 3k 74k
52 k
34 ^
U%
9

63
63%
62 k 63%
49% 49% *49
49 k
71o16 a
IX
°16
25
25
25
*25
6 1 k6110ie 60716 61%
*45
46
*45
46
46
46
*45
46
63 k 63 k
63 k 63 k
84k 84 k
8 3k 84
PHI 1AD LLPH 1A

5 2k 5 2k
34
34%
11% 11%
Sk
8k
34
35 k
19
*18
105 105
73% 73%
l 15is 11510
62% 63 ^
48% 4 9k
"7%
8
530k 30%
6U%0 61
46
*45
*45
46
63k 63 k
83% 84
Bid

Ask

*97
*27k 28

*97
27

27

*56% 59
*15k 16 k

58%

*55
*15

57k
15k

Consolidated Ga.s
100
*97
. 50
97 k Northern Central
100
*28k 27 k SAfl,hoard (new)
*85
87
Do 1at pref
100
*55
57
Do 2d pref
100
15% 15% United Ry 6c Electric
50
P h i la d e lp h ia

*51%
33%
11%
8
34k
17 k
105
70

52k *51 k 52 American Railways___ 50
33%
33% 33% Cambria S teel............... 50
11%
11% 11% Electric Co of Am erica 10
8
8 Gen Asphalt tr c t f s ___100
8
35
35
35 k
Do pref tr c t f s ___100
17
18
17 k Lake Superior Corp___100
105 *103 105 Lemgh C 6c N avtrktfs. 50
70%
70
70% Lehigh V alley............... 50
*1%
2 Marsden Co
100
62%6 62%
61% 62%
61^ 62 Pennsylvania R R ........ 50
48
48
48 Pluladelp’ aCo (P ittsb). 50
*48% 49
48 k
7%
7% Philadelphia Electric^. 25
71516 715ie 7lo16 8
30
530
529 k 29% Pliiia Rapid Transit^.- 50
3 0k 530
59
59%
60
58k 5815ie R eadin g ........................ 50
6 1k
*45
46
*45
46
45
46
Do 1st prei............ 50
*45
46
M5
46
*45
Do 2 d p ie f............. 50
46
63 k 63 k *63
63 k Union T racton ............. 50
63 k 63 k
82 3R United Gas Im pt.......... 50
82%
82
82
83 k 83 k
*25
29 Welsbacli C o ................ 100
*0 1% 52k
34
34
11% 11%
8
8
35 k 36k
*18
19
105 105
72% 73

Bid

P H Il^ A D E L P H IA

B onds
in a ctiv e S tock s
Allegheny V a lp re f___50
A1 V al E ext 7s 1910 A -0
7
American Cement.......lu
7 k A lt & L V E lec 4 k s’ 33.F-A
A m R ysconv58 1911.J-D
Amer Gas of N J .......100 100 101
57
Atl City 1st 5s g ’ 19.M-N
58
Ben Telephone........... 50
Balls Ter 1st 5s 1926. J-D
Cambria Iron ............... 50
49 k 50
Berg&EBrw 1st 6s’ 21 J-J
Central Coal 6c Coke. 100
Bethle Steel 6s 1998.Q-F
79
Consol Trac of N J ...1 0 0
Diamond State Steel.. 10
k il Che & D Can 1st 5s ’ 16 J -J
P re fe rre d ...................10
k l C h o c M e 1st 5s 1949 J-J
34
Ch Ok 6c G gen 5s ’ 19 J -J
Easton Con Electric 5.50
67
Elec storage Bat-t___100
67 k Col St Ry 1st con 5s 1932
Con Trac of N J 1st 5 s.’ 33
P referred................. 100
E 6c A 1st M 5s 1920 M-N
Ft W ayne <fcW V .......100
Elec 6c Peo Tr stk tr ctfs
Germantown Pass.......50
Eq II Gas-L 1st g 5s 1928
Indianapolis S t..........100
H 6c B Top con os ’ 25 A -0
Indiana Union T r___100
22 k
Indianapolis R y 4s. 1933
Insurance Co oi N A .. 10
28
Interstate 4s 1943 ..F -A
Inter Sm Pow 6c Cliem.50
Vi” 12 Lehigh Nav 4 k s ’ 14.Q-J
Keystone Telephone ..50
R R s 4s g .......1914.Q-F
P referred...................50
Gen M 4 k s g.l924.Q -F
KeystoneWateliCase.iOO
Leh V C 1st 5s g '3 3 ..J-J
Lit" Brothers................. 10
17 k 18
Little Schuylkill.......... 50
Leh V ext 4s 1st 1948.J -D
2d 7s 1910............... M-S
65 k
Minehill & Sckuyl I I ..50
N Haven Iron 6c Steel.5
Consol 6s 1923.......J-D
2°4
2k
Annuity 6s..............J-D
Northern Central........ 5o
Gen cons 4s 2U03.M-N
North Pennsylvania..50
Pennsylvania Salt.......50 115 l*15k Leh V Trac 1 st4 s ’ 29.J-D
Pennsylvania Steel.. 100
N ew Con Gas 5s 1948 J -D
IT eierred................. 100
Newark Pass con 5s 1930
50
Plula Co (Pitts) p re f...50
50 k N Y Pli & N o 1st 4s ’ 39 J-J
Incom e 4s 1939...M -N
Phil German 6c N orris.50
98 k 09
Plula Traction..............50
NoOliioTrac conus’ 19.J-J
No Penn 1st 4s ’ 3 6 ..M-N
7
Railways General...... 10
6%
Penn gen 0 s r l9 1 0 ..V a r
Susfjueh Iron 6c S teel..5
1
Consol 5s r 1919...V ar
Tidewater steel.......... 10
%
P referred................... 10
Penn 6c Md Steel con 6s.
2k
Tonopali Mining of N evl
19
19 k Pa & N Y Can 5s ’ 39.A O
Union Tr oi In d ........ 100
Con 4s 1939........... A-O
United N J HR 6c C .. 100
Penn Steel 1st5 s ’ 17 M-N
260
Unit Trac Pitts p r e l..50
People’s Tr tr cert s 4s ’43.
Warwick Iron 6c Steel.10
P Co 1st6c col tr 5s’ 49 M-S
6
West Jersey 6c seaSh.50
Con6c coi tr 5s 1951M -N
Westmoreland Coal....50
Plul Elec gold trust ctfs.
*95”
W ilkes Gas 6c E le c ..100
Trust certiis 4s............. I
* B id and ask ed p r ic e s ; n o sa les on th is day.

Kange fo r Year
1906

A C T IV E S T O C K S

1; E x -r ig h ts.

100
101

121k

A sk

100k
101

Lowest

82
97
200 27
89
56
470 15

J’ne 7
J’ly 3
J'ly 12
J’ne25
May 8
Jan 8

Highest
92 J’ne20
107k Jan *29
32 Jan 17
91% Mar3U
62 k Jan 5
19 Jan 15

Kange for Previous
Y ea r(1905)
Lowest

Highest

83 Ma> 90 Apr
99 May 110% Sep
21 k Jan 34 Deo
83 Mai 91 k N or
47% Jan 64 Dec
12 k Apr 16 Mar

15 51 M arl 5 54 Jan 27 48 Jan 54k Apr
1,758 30% Jan 5 37% Jan 24 24% May 32 Dee
2,44o J1 May 9 12 k Jan 10 10 k Jan 12% Feb
8 k Dec 17 k Jan
6 l3
8 J ’ly 11 14 Jan 4
4,135 34 J’ly 10 48 Jan 19 36 Nov 49 Jan
577 17 J’ly 13 23% Jan 15 14 k Ma\ 25 k Mar
60 101k May 2 118 Jan 19 Look J ’ly 123 k Nor
8,4o7 65 May 2 86 J’ne 8 52 k Jail 90 k N ov
1% J ’ly 3 315iq Jan 10
2 % Dec
5% Jan
3
6,442 6 1 % J’ly 3 73l1 j6 Jan 22 65iaio Ma> 73% Aug
533 47 A p r 20 a54 -2 Mar *26 40% Jan 55 k Nov
7% Jan 11
1,513
8 k Jan 15 8 J’ ne 12 k Apr
2,554 24 J’nel5 34k Jan 27 t 17%Jan $36 Apr
%$
28,767 56k May 3 83 Jan 23 39% Jan 71L Nov
3 43% Apr 16 47i5ie Jan 23 45 May 47 % Aug
1 44% May 2 51 Jan 23 42 Jan 50 k Nov
465 61% Mar28 63% Jan 30 58k Mar 63k Oct
4,427 1J8 l k Mayl6 101 Feb 15 90 J ’ ne 125% Apr
30 Jan 6 32 Mar 1 20 Feb 31 Nov

P H IL A D E L P H IA
P 6c E gen. M 5 g ’ 20. A -0
Gen M 4s g 1920..A&O
Pli 6c Read 2d 5s ’ 33.A -0
Con M 7s 1911.......J-D
Con M 6s g 1 9 1 1 ....J-D
E x Imp M 4s g ’4 7 .A-O
Terminal 5s g 1941. Q-F
P W cfe B col tr 4s ’ 21. J-J
Portland R y 1st 5s 1930.
Roch Ry& L con 5s ’ 54J-J
U Trac Ind gen 5s’ 19.J-J
Un Rys Tr ctfs 4s’ 49J&J
U Trac Pit gen 5s ’97 J-J
W elsbacli s t 5s 1930. J -D
Wlks-B G<&E con5s’55J-J
B A L T IM O R E
In a ctiv e .Stocks
Ala Cons Coaltfc l i on.100
P r e i...........................100
Atlanta 6c Charlotte.. 100
Atian Coast Line RR. 100
Atlan CoastL (Conn) 100
Canton Co...................100
Cons Cot Duck C orp ...50
P referred .................. 50
Georgia Sou & F la ... 100
1st pref.................... 100
2d p ref......................100

Bid

A sk

113%
108
104
122 k 124
101
100

B A L T IM O R E
Ohas CityRy 1st 5s ’ 23 J-J
Chas R y G 6c El 5s ’ 99 M-S
Chari C 6c A ext 5s ’09 J-J
2d 7s
1910 A-O
City & Sub 1st 5 s ..’22 J-D
Oity& Sub( W as)lst 5s’4s
Coal 6 c 1 Ry 1st 5s ’ 20F-A

Consol Gas 6 s . .. 1910 J-D
5s..................... 1939 J-D
95 k G a& A la 1st con 5s ’45 J-J
95
104 k 105*4
85% 8 6 % Ga Oar 60 N 1st 5s g ’29 J-J
108
Georgia P 1st 6 s . .. ’22 J -J
113
ioi”
GaSo 6c Fla 1st 5s 1945J-J
70k 71
___ __ G-B-S Brew 3-4s 1951M-S
100 100 k
2d income 5s 1951 M-N
105%
Knox vT rac 1st 5s ’ 28A-Q
105
LakeR El 1st guds’ 42M-S
85 k
69
69%
d
v> M etSt(W ash)lsi5s’25F A
85
Mt Ver Cot Duck 1st 5s.
lU4k
1m
u
In co m e s ........................
L32
Npt N&O P 1st 5s’3S M -N
340
_
General 5s_ 1941 M-S
11 l k '112
no
1I
101 , Norfolk St 1st o s ’4 4 ..J-J
North Cent 4 k s 1925 A-O
113
'AL
s
Series A 5s 19*26___J-J
123 121
150
Series B 5s 1926___J-J
M U
W
Pitt Un Trac 5s 1997.J-J
97% 98
x7
wn
Poto Val 1st 5s 1941..J-J
9 *. 1 d
T
G -B -s B r e w in g ......... 100
Sav Fla<fc West 5s ’ 34 A-O
Seaboard A L 4 s 1950 A-0
Bonds
Anaco8tia<fc Pot 5s.......... 105 k L Gk Scab 6c Roan 5s 1926. J .J
O
South Bound 1st 5s.. A-0
Atl 6c Ch 1st 7 ... 1907 J-J 103
U El L 6c P 1st 4 k s’29 M -N
99% 100
Atlan C L RR4sl952M -S
Un Ry Sc El 1st 4 s ’49 M-S
Atl Coast L(Ct)ctls 5s J -D 110
Income 4s 1949...... J-D
90
108
92
Ctfs of imlebt 4 s ___J-J
Va Mid 1st 6s 19 0 6 ..M-S
90
5-2U yr 4s 1925........ J-J
92
2d series 6s 1 9 1 1 ...M-S
Balt CPass 1st 5 s’ l l M-N 103
3d series 6s 1916..M-S
Balt Fundg 5 s.1916 M-N 110k i i i k
4tli ser 3-4-5s 1921. M-S
Exchange 3 ks 1930 J*J 1U3 103 .1
5th series 5s 1926.M-s
Balt 6c P 1st O m i ’ l l A -0 110
h
10
Balt Trac 1st 5 s .. ’29 M -N I 115 117 | Va, (State) 3s new '32.J-J
Fund debt 2-3s 1991. J A
10 % . . .
No Balt Div 5s 1942 J-D J17 k 120
West N C con 6s 1914 J-J
10 5k! 104 I
Convertible 5 s.’06 M-N
WesVa C6c P 1st 6g’ 11 J J
98 k 9e%} Cent*] Uy conasl 982 M-N 112 115
Extcfc Iilip 5s. 198*2 M Sj 112 . . . . . . 1 Wil 6c Weld 5h..1935.J J
68
68 k
paid.
a
1 $ 7 .5 0 paid.
1
f 4 15 paid,
4 4*10 paid.
Lj>20 paid,

Bid

A sk

105 ........
95% 95%
115
112
112

Li 2 k
105 1O6
105 k 106
111

104 k
109
109%
109 k
118%
110 4
62
37 k
105
115
1 lo
80%
95
........
107
109
110 k
HS
110

L04k
109 k
L10
110 k

122
112

62 k
37 k

86

LO
O
...... .
........
......
...... .

112

110
87 k
. . •••
•
1
111k 1L2
94
95
92
92 k
i 2 k 1 2%
........ ...... 108 ........
110
110 ...... .
109

lo o k Do k
115 "i

THE

88

[V ol . l x x x i i i .

C H R O N IC L E .

\nmstmmt and JEaxIroad fwielligmce.
R AILR O AD

GROSS

EARNINGS.

The 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
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but rovers some other
period. The returns of the street railways are brought together separately on a subsequent page.
July 1 to Latest Date.

Latest Gross E arnings.
W eek or
M onth .

Current
Yea r.

Previous
Yea r.

$

Roads.

Current
Year.

P revious
Y ea r .

$

Ala N O & Texas Pacific.
N O & N E ast. J u n e ..........
264,498
108,572
Ala & V ick sb’g J u n e _____
113.246
Vicksb Sh & P . J u n e _____
Atch T op & S Fe_ May _____ 6.782.264
Atlanta & Char _ _ A p r i l_____
306,543
101.934
A tlantic & B irm . A p r il_____
A ll Coast L in e___ May -------- 2,250,905
Balt & O h io......... M a y _____ 6,817,033
213,279
Bangor & A roost. M a y _____
4,395
Bellefonte Central M a y _____
3,271
Bridgt & Saco R_ A p r il_____
Buff R och & Pitts 1st w k July
90,269
110,963
Buffalo & Susq__ May _____
135,222
Cal Northwestern J u n e _____
Canadian North _ 1st w k July
138,200
Canadian Pacific 1st wk July 1,319,000
Centd of Georgia. 1st wk July
219,020
Cent'l o f N Jersey M a y -------- 1.736.264
Chattan Southern 4 th wkJune
3.343
Chesap & Ohio__ May _____ 2,196,342
2,872
Chesterf'd & Lane M a y _____
Chic & A lton R y . May _____
822,121
144,554
Chic Gt W estern. 1st wk July
147,923
Chic Ind & Louisv 4th wkJune
Chic*. Milw & St P_ M a y _____ 4,340,243
Chic & North W _ May _____ 5,098,480
954,687
Chic St P M & O . May _____
29,280
Chic Term Tr R R 1st wk July
180,431
Colorado Midland M a y _____
h Col & South Sys 1st wk July
230,183
25,094
Col Newb & L a u . May ..........
55,543
Copper R ange___ A p r il_____
17,470
Cornwall_________ M a y -------35,011
Cornwall & Leb _. May -------348,300
Denver & R io Gr_ 1st wk July
21,030
Det & M ackinac. 1st w k July
91,322
Det Tol & Ir S y s. 4th wkJune
29,183
Dul R L & W innip May -------75,039
D id So Sh & A tl. 4th wkJune
E rie_____________ May _____ 4,102,434
1.343
Fairchild & N E . M a y _____
56,532
Fon Johnst & Gl_ M a y _____
223,141
Georgia R R _____ May _____
793,055
Gr Trunk System 1st wk July
98,347
Gr Trunk W est 3d w k June
32,868
Det Gr LI & M . 3d w k June
47,545
Canada Atl a n . 3d w k June
Great N or them _ _ J u n e _____ 4,423,290
250,542
Montana Centd J u n e _____
Total system __ J u n e _____ 4,673,832
51,097
Gulf & Shiplsland 4th wkJune
468,455
H ocking V a lle y .. M a y _____
Illinois Central._ J u n e _____ 4,339,009
24,455
Illinois Southern. J u n e _____
93,400
Int < Gt N orth;n 1st w k July
fe
126,680
a Interoc (M ex)__ 1st wk July
Iow a Central____ 1st wk July
50,993
Kanawha & Mich M a y _____
177,630
765,652
K an City S outh’n M a y -------Lehigh V alley___ M a y _____ 2,418,335
51,036
Lexing & E ast?n_ May -------L on g Island_____ May _____
7nc.85
105,308
Louisiana & A rk . May _____
761.085
Louisv & N ashv. 1st wk July
M acon & B irm ___ J u n e _____
11,259
Manis & N o E ast. A p r il_____
35,753
14,461
M anistique______ J u n e _____
31,765
Maryland & Penn A p r il_____
a Mexican C e n t !. A p r il_____ 2,500,372
a Mexican Intern 1st wk July
136,049
a Mexican R y ___ 3d wk June
149.000
a Mexican South. 3d wk June
24,653
8,133
MiUen & S ou th w . February _
Mineral R ange___ 1st wk July
11,187
65,511
Minneap & St L__ 1st wk July
217.247
M St P < S St M_ 1st wk July
fc
Mo Kan & T exa s. 1st wk July 344,966
Mo Pac & Iron Mt 1st wk July
608.000
Central Branch 1st wk July
30,000
638,000
T o ta l__________ 1st wk July
106,133
b Mob Jack < K C M a y -------fc
Nash Ch & St L__ May -------995,199
Nat R R o f Mex__ 1st wk July
263,173
7,856
N evada Central __ M a y _____
22,574
Ne v -C al-O regon _ J u n e _____
N V Out & W est. M a y -------554,410
N Y Susq & W est M a y _____
204,427
N orfolk & W est'n M a y _____ 2,557 207
Northern Central M a y ..........
961,065
Northern P acific. J u n e _____ 5,315,912

S

237,665
99,631
102,280
5,845,280
293,680
80,292
2,022,103
5,840,176
189,473
4,245
2,933
173,077
104,348
149,516
83,700
1,003,000
201.400
2,113,292
3,207
1,802,480
2,670
852,282
131,949
151,082
3,900,554
4,603,857
888,973
30,644
164,697
207,718
18,465
50,572
21,683
33,359
314,500
19,330
83,612
13,824
77,730
4,135,108
2,344
55,325
197.322
735,928
67,732
22,001
40,596
3,560,945
191,221
3,752,166
44,570
526,486
4,110,694
26,432
88,600
117,229
49,053
156,538
602,860
2.781,731
47.313
,470
84,102
704.400
9,772
35,964
14,112
30,174
2,270,240
93.314
116,600
23,980
6,015
11,157
63,929
161,195
301,748
600,000
35,000
635,000
'58,522
855,427
220,136
3,184
21,041
669,634
245,663
2,223,003
956,565
4,476,388

3,001,974
1,380,264
1,302,222
71,596,869
3,417,933
915,009
22,715,537
70,819,242
2,280,260
53,721
38,997
90,269
1,417,196
1,607,635
138,200
1,319,000
219,020
21,883,888
137,394
22,406,431
35,637
10,674,535
144,554
5,909,376
50,649,320
57,684,352
11.859,576
29,280
1,958,009
230,183
271,445
560,914
187,644
408,042
348,300
21,030
4,068,700

2,563,773
1,358,041
1,424,023
62,495,232
3,098,189
837,835
20,190,184
61,921,895
1,967,152
51,667
37,958
173,077
1,028,886
1,541,199
83,700
1,003,000
201,400
20,673,526
120,847
18,877,813
30,726
10.880,982
131,949
5,604,078
45,643,488
50,700,457
10,936 050
30,644
1,801,815
207,718
216,872
504,649
89,802
256,099
314,500
19,330
3,390,892

3,046,581 2,697,156
45,500,600 41,396,863
20,621
34,346
647,852
692,173
2,643,353 2,289,524
793,055
735,928
5,221,989 4,920,515
1,531,058 1,376,455
49,505,383
2,754,304
52,259,687
2,137.099
5,907,920
51,675,026
336,556
93,400
126,680
50,993
1,960,867
7,090,909
29,616,993
481,513
Die.709,
956,461
761,085
147,359
346,869
102,238
301,775
23.315.446
136,049
6.477,400
1.176,216
59,379
11,187
65,511
217,247
344,966
608,000
30,000
638,000
1,033,352
9,992,461
263,173
54,438
231,736
6,562,584
2,506,313
26,009,720
10.084.446
62,140,410

41,608,430
2,385,602
43,994,032
1,877,397
5,485,541
49,508,650
278,929
88,600
117,229
49,053
1,613,296
6,486,959
28,288,373
425,151
137
765,533
704,400
134,032
353,769
89,044
267.439
21,418,238
93,314
5,925,040
1,148,521
52,521
11,157
63,929
161,195
301,748
600,000
35,000
635,000
627,745
9,282,443
220,136
32,012
221,182
6,416,725
2,485,705
21,920,415
9,472,246
51,729,362

July 1 to Latest D ate .

Latest Cross E arnings.
Roads.

W eek or
M on th .

Current
Year.

P revious
Year.

Current
Year

P revious
Year.

S
S
8
N Y C & H ud R iv June
7,649,645 7,053,861 89,785,260 81,289,967
3,557,298 3,150,847 41,040,962 36,189,749
L S & M S _____ June
402,4611 398,560 5,273,302 4,962,351
Lake E & W est June
169,409
155,538
Chic Ind& Sou l June
Mich Central __ June
2,173,443! 1.900,423
2,039,791 1 ,928,578 23,649,295 22,372,312
C C C & St L — June
216,798: 3,115,375 2.834,424
Peo & E astern. June
257,607
Cin N orthern _ _ June
75,628
94,258!
1,359,776 1,083,466
Pitts & Lake E June
R u t la n d ______ June
227,018 2,687,664 2,494,365
257,801
711,696; 9,651,818 8,651,046
791,631
N Y Cliic&St L June
i rv
12,3421
155,824
135,159
Ohio R iv & West February I
16,231
523,516; 5,820,565 5,580,119
458,348
Pacific Coast Co _ _ M a y _____
d P e n n -E a s tP & E M a y -------- 11859 033 11422133 129956 680 112016280
In c. 8,40 8,700
Inc 55 4,100
dW est P & E __ M a y _____
Phila Balt & W ;sh M a y _____ 1,364,458 1,346,358 13,832,932 12,834,832
632,566 6,877,716 6,368,136
502,562
Phila & E rie____ A p r i l_____
Pittsb C C & St L May _____ 2,408,189 2,117,589 25,918,922 22,788,028
Raleigh & S'pmT M a y _____
6,082
45,263
4,190
58,587
Reading Railway May .......... 3,289,052 3,550,477 36,950,117 34,004,155
Coal & Iron Co M a y _____ 2,773,783 3,642,048 30,769,300 33,363,716
T otal both c o s. M a y _____ 6,062,835 7,192.525 67,728,417 67,367,871
158,337 1,377,229 1,225,709
166,038
R ich F r’ksb & P . A p r il_____
469,296
47,798
554,563
R io Grande J c t._ A p r il_____
49,393
8,107
8,107
9,793
9,793
R io Grande S o ___ 1st wk July
R ock Island S y s. M a y _____ 3,926,801 3,498,374 47,062,537 40,289,095
124,266
116.265 1,407,667 1.172,472
St Jos & Gr Isl___ M a y -------e St L & San Fran M a y _____ 3,181,663 3,022 i486 38.626.399 35,319,478
150,764
150,764
166,747
166,747
St L Southwest __ 1st wk July
Seaboard Air Line A p r il_____ 1,278,268 1,189,044 12.601.400 11 217,813
31,517
33,221
Sierra Railw ay
M a y _____
106,748 1,430 ,115 1,377.635
132,797
Southern Indiana J u n e _____
c So Pacific C o___ February _ 8,001 ,844 6,581,998 69,786 157 63,240,992
851,742
916.402 851,742
916 402
Southern R y k ___ 1st wk July
129,016
129,016
155 529
155,529
M obile & O hio. 1st wk July
138,289 8,196 310‘ 7,149,649
161,985
Cin NO & T exP 3d wk June
61,702 3,666 ,273 3,221,252
68,357
Ala Great S ou . 3d wk June
149,996
144,511 1,928 773 1,714,701
Ga South & Fla J u n e ____
827,379
945 ,239
18,878
20,574
Texas Central___ 4th wkJune
167,914
167,914
193 ,533
193,533
Texas & P a cific. _ 1st wk July
8,700
13,000
T e x S V & N W__ February _
82,704
81,257
8,206
9,580
Tidewater &W e s t. M a y ____
268,832 3,752,124 3,448.959
258,051
T ol & Ohio C ent. M a y _____
20,616i
20,419
20,616
20,419
T ol P & W e st____ 1st wk July
75,340!
70,250
70,250
75,340
T ol St L & W ____ 1st wk July
3,797
5,560
T om bigbee Valley May _____
605,977
61,122
M a y _____
683,006
56,197
T or H am & Buff
Un Pacific System A p r il_____ 5,339,805 4,781,682 56,107.329 49,388,318
680,421
70,388 1,008,915
88.140
Virginia & So W 'n J u n e _____
49,346
415,889
449,346
W a b a s h _________ 1st wk July
415,889
92,022
92,022
79,829
W esternMaryland 1st. wk July
79,289
401,150 350,850 4,512,734 3,946,834
W est Jersey & S'e May _____
81,871
83,071
81,871
83,071
Wheeling & L E 1st wk July
139 899
148,321
13,876
14,140
W 'm sport & N Br A p r il_____
W isconsin Central M a y _____
594,899 6,506,698 6,085,119
602.403
178,484
191,898;
12,531
12,703
W rights & T enn . M ay . . . . .
564,348 8,665,499 8,670,246
710,416
Y a zoo & Miss Val J u n e _____
P reviou s
Yea r.

Current
Y ea r.

Period

V arious Fiscal Y ears.

S686 464 8653,930
23,846
22,568
3,620,730 3,348,944
157,578
169,159
41,595
51,157
4,167,910 3,335,795
3,315,500 2,971,100
588,835
598,930
7,646,917 6,330,481
42,879,224 39,189,563
20,607,098 18,166,944
2,525,379 2,289,371
1,146,263 1,036,873
12,619,142 10,727,159
11,362,518 10,231,023
1,461,556 1,306,904
379,649
475,761:
7,047,156 6.053.292
1.142.292
1,267,868
4,885,999 4,342,910
4,434,692 4,082,392
57,466,162 50,566,762
Die.3,66 8,800
6,148,994 5,804.094
2,246,058 2,160,491
11,709,710 10,297,583
205,577
246,218
6,765,836 5,813,899
1 ,669,42S 1,414,628

Atlanta & Chari Air L in e____ Mch
Apr
May
Bellefonte Central___________ Jan
July
a Interoceanic o f M exico_____ Jan
Apr
Manistee & N orth E astern___ Jan
June
M a n istiq u e__________________ Jan
July
a M exican International_____ Jan
June
a M exican R ailw ay--------------- Jan
June
a M exican Southern__________ Jan
July
National R R o f M exico______ Jan
New Y o rk Central___________ Jan 1 to June
June
Lake Shore & Mich South __ Jan
June
Lake Erie & W estern______ Jan
June
l Chicago Ind & Southern _ Jan
Michigan Central_____ ____ Jan
June
June
Clev Cin Chic & St L ou is. _ Jan
June
Peoria & E astern__________ Jan
June
Cincinnati N orthern______ Jan
June
Pittsburgh & Lake E rie___ Jan
June
R u tla n d ___________________ Jan
N Y Chicago & St L ouis___ Jan 1 to June
May
Northern Central____________ Jan
May
d Penn— East o f Pitts & E — Jan
May
d W est o f Pitts & E _______ Jan
M ay
Phila Baltim ore & W a sh -------- Jan
Apr
Philadelphia & E rie__________ Jan
May
Pitts Cin Chic & St L ou is------ Jan
Rio Grande J e t_______________ Dec 1 to A pr
July
Texas & P a cific______ _______ Jan
May
W est Jersey & Seashore-------- Jan

AGGREGATES OF GROSS EARNINGS—Weekly and Monthly.
M onthly Sum m aries.

1st
2nd
3rd
4th
1st
2nd
3rd
4tli
1st

week
week
week
week
week
week
week
week
week

May
May
May
May
June
June
June
June
July

(39
(42
(39
(39
(40
(41
(42
(41
(35

roads)
r o a d s )..
roads)
ro a d s). _
r o a d s )..
r o a d s )..
roads) _ .
r o a d s )..
r o a d s )..

Cur’nt Year P rev .

8
8,457,494
8,994,872
8,320,006
13,682,041
8,709,804
8,929,516
9,439,080
12,852,048
8,203.581

Year
$

In c. or D ec.

8
4-1,128,494
+ 1,186,347
+ 1,010,367
+ 1,681,608
+ 1,057,424
+ 928,203
+ 1.168,334
+ 1,784,017
+ 881,313

%

M o n th ly Sum m aries.

Cur’nt Year Prev.
9

Year
$

Inc. or D ec.
%

70

15.40 Month Oct
1005 (115 rds) 170,515,148 157,100,827 + 13,414,321 8.54
15.19
Month N ov 1905 (115 rds) 165,977,137 150,405,695 +-15,571,442 10.35
13.82
1905 (113 rds) 159,312,944 142,053,423 + 17,259,521 12.15
Month Dec
14.01
1906 (117 rds) 152,980,485 126,555,852 + 26,424.633 20.S8
M onth Jan
13.82
1906 (U S rds) 142,656,542 112,895,257 + 29,761,285 26.36
M onth Feb
11.60
M onth Mch 1906 (110 rds) 159,258,890 143,978,440 + 15,280,450 10.61
14.13
1906 (111 rds) 136,685,537 128,005,775 + 8,679,762 6.78
Month Apr
16.12
Month May 1906 (71 rds) 79,065,712 69,742,596 t 9 323,116 13.37
12.03
Month June 1906 (67 rds) 72,708,902 64,205,232 + 8,503,670 13.24
a Mexican currency,
b Includes earnings of Gulf & Chicago Division, c Includes the H ouston & Texas Central and its subsidiary Lines in both
years, d Covers lines directly operated, e Includes the Chicago & Eastern Illinois in both years, h Includes earnings of Col. & South., F t.
W orth & Denver City and all affiliated lines, k Atlanta K n oxville & Northern included in both years since April 1; it had previously been
included in 1905 since Jan. 1: earnings of Transylvania Railroad included from Jan. 1 1906 and of East Division of Tennessee Central from D ec. I
in 1905 only. I Figures prior to April 10 1906.are those o f the Indiana, I l l i n o i s I o w a and In d. H arb. of Indiana.
7,329,000
7,808,525
7,309,639
12,000,433
7,652,380
8,001,313
8,270,746
11,068,031
7,322,26S

J u l y 14 1000.

THE

C H R O N IC L E .

Latest Gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the first
week of July. The table covers 35 roads and shows 12.03%
increase in the aggregate over the same week last year.
1906.

F irst week of Jul y.

Buffalo R ochester & Pittsb
Canadian N o n hern
Canadian P a cific_________
Central o f G e o rg ia ......
Chicago Great, w este rn . ___
Chicago Terminal T ransfer_
_
Colorado & Southern ________
Denver & Rio Grande
Detroit & M ackinac
Grand Trunk o f C an ad a____]
Grand Trunk W este rn ____[
Detroit Gr. H aven & Milw.
Canada A tla n tic_____ ____ 1
International & Great N orth ’ll
Interoceanic o f M ex ico_____
Iow a C entral_____
Louisville & N a sh v ille ..
Mexican International _
Mineral Range .
Minneapolis & St Louis _
Minn St P & S S M
Missouri Kansas & T e x a s . .
Missouri P acific & Iron Mtn ._
Central Branch
Mobile & O h io ______
National R R . o f M exico
R io Grande S ou th . _
_
St Louis S ou th w estern ______
Southern R a ilw a y ______
T exas P acific _ . _
_
Toledo Peoria & St. L o u is____
T oledo St L ouis & W estern ___
_
_ .
W abash.. . .
Western M aryland _
W heeling & Lake Erie
___
£Y’ . . . Total (35 roads) _ _ _ ___
Net increase 1 2 . 0 3 %) _ _

1905.

Increase. Decrease.

S
90,269
138,200
1,319,000
219,020
144,554
29,280
230,183
348,300
21,030

S
173,077
83,700
1,003,000
201,400
131,949
30,644
207,718
314,500
19,330

$

793,055

735,928

57,127

93,400
126,680
50,993
761,085
136,049
11,187
65,511
217*247
344,966
608,000
30,000
155,529
263,173
9,793
166,747
916,402
193,533
20,616
75,340
449,346
92,022
S3,071

$8,600
117,229
49.053
704,400
93,314
11,157
63,929
161.195
301,748
600,000
35,000
129,016
220,136
8,107
150,764
S o l ,742
167,914
20,419
70,250
415,889
79,289
SI ,871

4,S00
9,451
1,940
56,685
42,735
30
1,582
56,052
43,218
S,000

8,203,581

7,322,268

970,485
881,313

S
82,808

54,500
316,000
17,620
12,605

i ,36 !
22,465
33,800
1,700

— Int . , R en ta ls , <fcc.---------B a l. of N et E'nc/s.
Current
Year
R oads.

P reviou s
Y ea r.

8
4,139
45,700
2,112
23,353
17,501
196,848
21,428
231,639
21,576
275,602

Current
Year.

P revious
Y ea r.

$
8
8
4,126
13,677
11 ,966
44,474
174,385
67,579
2,142
8,038
8,431
23,682
67,042
67,020
127
17,533
def 4,286
198,060
£34,689
£14,602
21,744
4,672
14,216
203,492
234,536
40,409
22,577
def 4,018
5,516
286,160 def 22,119 def 32,872

Latest Gross E a rn in g s.
N a m e of
Road.

89,172

In crea se. Decrease.

12,852,048 11,068,031 1,890,823
1,784,017

106,806

3,159

2,691
1,773

-N et E a r n m g s Current
P reviou s
Y ea r.
Yea r.

$
S
$
S
510,841
157,720
496,973
170,350
,423,045 5,120,196 1,831,980 1,813,485
1,043,782 1,058,348
,340,243 3,900.554
,649,320 45,643,488 16,848,926 16,161,860
25,094
169
18,465
2,311
216,872
271,445
50,576
40,263
35,011
16,105
17,803
33,359
408,042
220,085
256,099
112,053
,706,747 2,463,422
,918,134 25,933,089
400,512
357,687
,912,681 4,686,339
83,217
106,089
,455,686 1.319,380
190,280
176,653
51,036
47,313
481,513
425,151
In c. f55,470
In c . 709,137
14,112
14,461
41,595
51,157
20,515
20,769
209,162
200.141
523,516
458.348
,820,565 5,580,119
45,764
38,622
516,494
437,4.51
124,266
116,265
,407,667 1,172,472
9,380
8,206
82,704
81,257
99,820
108,171
,292,258 1,281,443

$

186,836
3,894,593
111,024
828,066

a Net earnings here given are after deducting taxes,
b Net earnings here given are before ded u ctin g taxes.

5,000
26,513
43,037
1,686
15,983
64,660
25,619
197
5,090
33,457
12,733
1,200

lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which m onthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of June 23 1906. The
next will appear in the issue of July 21 1906.

Roads.

S
470,023
6,134,777
101,931
1,466,770

STREET RAILWAYS AND TRACTION COMPANIES.

Net Earnings Monthly to Latest Dates.— The table fo l­

Chic Ind & Louisv_a_May
3F July! to May 31 __
Chic Mi) & St Paul.a.May
July! to May 31__ .5
Colum bi a New &Lau _a .May
Julyl to May 31____
Cornwall & Leb_b__ May
n* Julyl to May 31_ _
_
Grand''Trunk of Canada—
GrandSTrunk R y __ May
* Julyl to May 31___ 2
Grand Trunk West. May
Julyl to May 31___
Det Gr Hav 6c Milw .May
Julyl to May 31___
Canada Atlantic_ May
_
Lexington & East. b_ .May
Julyl to May 31__ _
Long Island. b........ .May
Julyl to May 31_ 1
_
Manistique_______b. June
>
Jan 1 to June 30___
Nevada Cal 6c Ore.a. - May
Julyl to May 31___
Pacific Coast................ May
July 1 to May 3 1 ___
Rio Grande South. b . . May
Julyl to May 31__ St Jos it Gr Island. b.May
Julyl to May 31__ _
Tidewater 6c W est.b.M ay
Julyl to May 31___
Tol Peoria 6c West. b. June
Julyl to June 30___

-N e t E a rn in g s -----Current
P reviou s
Y ea r.
Y ea r.

x A fter allow ing for other incom e received

8
99,183

-G ross E a r n ’g sCurrent
P reviou s
Y ea r.
Y ea r.

P reviou s
Y ea r.

R oad s.
$
S
W a b a sh .b __________ May 2,01S,S67
1.860.201
J u ly l to M ay 3 1 ____ 22,694,029 22.761,747
W heel & Lake E r ie .b .M a y
343,690
428,780
J u ly l to M ay 3 1 _____ 4,911,479 4,119,598

Cornwall & Lebanon
May
J u ly l to M ay 3 1 ____
N evada Cal & O reg on .M a y
J u ly l to M ay 3 1 ____
R io Grande Southern .M a y
J u ly l to May 3 1 ____
St Jos & Gr Isla n d ___May
J u ly l to M ay 3 1 ____
T o l Peoria & W e s t___June
J u ly l to June 3 0 ____

$
$
9,877,727 1,699,155
237,506
29,281
151,082
2,361
41,795
26,164
9,328
S3,612
7,710
77,730
44,570
6,527
18,855
213,406
106,285
276,706
28,480
18,878
1,696

$
P reviously reported (30 roads) 11,477,699
Central o f G e o rg ia ,. _______
266,787
Chicago Indianap & St Louis _
147,923
_
Chicago Terminal T ransfer_
44,156
35,492
Detroit & M ack in ac__________
Detroit T oledo & Iron t o n ____
91,322
Duluth South Shore & A t l___
75,039
Gulf & Ship Isla n d ___________
51,097
Mineral R a n g e _______________
17.082
Minn St P & S S M ___________
319,691
Mobile & O h io _______________
305,186
T exas Central ______________
20,574
- T otal (41 r
Net increase (1 6 .1 2 % ).

1905.

Current
Y ea r.

__ ___

For the fourth week of June our final statement covers 41
roads and shows 16.12% increase in the aggregate over the
same week last year.
1906.

----- Gross Earn’gs-----

Interest Charges and Surplus.

1

Fourth week of J u n e.

89

1,039.971
900,303
8,113,428 7,600,011
57,911
36,498
787,992
691,074
6.813
973
385,734
341,877
27,739
63 ,2 6 4
25,814
17,257
210,342
138.147
D ec. ; 4,359
3
D e c. 294,485
9,300
5,871
6,518
19,035
10,150
10,573
90.395
90,702
85,316
129,465
1,259,526 1,138,695
13,247
17,628
205,604
223,140
26,100
35,960
435,131
274,945
2,164
2,905
18.294
7,492
17,558
28,093
253,483
253,288

W eek or
M o n th .

A lban y & H u d so n . A p r i l_____
aA m erican R ys C o . J u n e _____
cAur Elgin&Chi R y May _____
B ingham ton R y ___ May _____
Birm R y L t & P ow M a y _____
B oston & W orcest’r June
_ _
B rock t ’n & P ly S tR y M a r c h ____
B urlingt’n ( Vt) Tr_ M a y _____
Cape B reton E l Co_ M a r c h ____
Cent Penn T ra c___ M a y _____
Charleston Cons R y
Gas & E le c t____ M ay _____
C hattanoogaR ysC o June _
Chic & Milw E l e c .. June
d Chi & Oak P a rk . June Clev Painsv & E __ Mav _____
Clev & S W T r C o. M ay _____
Colum bus R R C o . . M a r c h ____
Dallas E lec C orp’n . M a r c h ____
D etroit M on & T o l. 4th wkJune
Detroit U nited R y . 4th wkJune
Duluth Street R y_ 1st wk July
East St L & S u b ___ M ay _____
El Paso E lectric___ A p r i l _____
Ft W ayn e & W ab
V alley T ra ctio n . M ay
Galveston E lect Co A p r i l _____
Georgia R y & E lec April ___
H art& SpringSt R y M ay _____
H avana Elec R y _ . W k July 8
H onolulu R apid Tr
& Land C o _____ May _____
H oughton Co St R y April
_ _
H ouston E lec Co A A p r i l _____
Illinois Trac C o ___ M a y _____
Indianap Col & S o . M a y _____
Jackson Consol T r . M a y _____
Jacksonv E lec Co _ _ April _
K an City R y & Lt _ M a y _____
Lake Sh E lec R y _ . M ay
_
_
Lehigh V Transit _ _ May
Lorain Street R y _ . May
Madison & Int Trac M ay _____
Manila E l R y & Ltg
Corp— R y D e p t. M ay
___
Lighting D e p t .. M ay _
Met W est Side Elev June _
Mil E lec R y& L t Co M ay _
Mil Lt H & T r Co__ May
M ontreal Street R y W k July 7
Nashville R.y & Lt*. May _____
N J & H R R y & F C o . April __
N O R y & L t C o . . . May _
Niagara StC& T o r . April __
N orfolk R y & Light A p r i l ____
Nor Ohio T r& L t Co May ____
Northern Tex Tr Co M a r c h ____
Northwestern E lev June _
Oakland Tr Cons__ F ebruary .
Oklahom a C ity R y M a r c h ____
Olean Street R y ___ April __
Orange Co Traction M ay _
Peekskill L t & R R . M ay _____
Pitts M ’ K & Green M ay _
Portland R ys Co__ M ay -------Puget S’ d E lec R y_ M a r c h ____
St Joseph (M o) R y
Lt Ht & P ow C o . J u n e _____
San Fran OakPd &
San .Jose R y ____ February _
Savannah E lec C o. A p r i l _____
Seattle E lectric C o . A p r i l_____
South Side E le v ___ June . ___
Syracuse R T R y - - May _____
T a com a R y & P C o. M arch
T am pa E lectric C o. April _
Terre H te T & L Co A p r i l_____
T oledo R ys & Light M a y -------T ol Urb & Inter R y May _____
T oledo & W estern . April - ___
T oron to R a ilw a y . _ W k July 7
Twin C ity R ap T r . 3d wk June
United R ys or St L May _ _ _ _
W ash A lex & Mt V M ay
W h atcom Co R y &
L ight C o .............. M a r c h ____

Current
Y ea r.

P revious
Y ea r.

8
21,305
247,398
102,533
24,741
153,857
49,758
5,825
7,998
17,222
57,357

$
21,122
221,205
91,730
23,276
129,789
45,508
5,893
7,068
8,781
50,636

52,879
42,904
84,555
68,382
23,190
54,219
14,248
80,384
8,263
155,694
17,876
162,740
31,449

50,016
39,452
53,218
66,192
20,681
47,028
12,302
65,834

Jan.

1 to latest date.

Current
Y ea r.
%

P reviou s
Y ea r.

85,207
1,250,008

81,157
1,120,592

108,154

97,277

214,732

190,312

254,748

210,806

259,181
224,688
331,873
422,733
86,630
230,219

234,154
193,035
211,973
406,144
75,474
188,817

131,594
16,241
144,135
22,726

596,673
2,630,045
373.592
619,211
116,973

2,302,402
320,504
561,279
91,226

87,327
22,618
235,372
13,416
2/31,260

74,062
21,005
202,331
10,545
2/29,428

398,958
79,575
912,169
60,726
y 786,820

340.657
73,722
752,339
53,801
2/721,558

29,452
17,966
47,173
226,529
19,779
12,170
26,226
460,044
67,793
76,403
12,067
10|604

28,502
/2,056
40,377
187,120
16,547
9,935
27,754
418,552
61,586
69,403
11,260
9,824

140,690
61,725
173,846
1,107,295
83,794
51,377
98,949
2,114,835
300,208
473,632

132,273
30,332
144,705
905,631
72,424
41,321
104,826
1,839,524
258.657

46,053

40,570

44,000
28,000
200,961
280,880
50,099
68,476
114,246
32,250
470,901
16,609
58,222
84,469
64,737
120,247
118,996
11,369
9,920
11,726
11,023
19,178
144,563
48,933
72,331
49,083
49,872
231,492
152,655
87,628
59,510
36,937
61,133
167,847
28,152
18,588
63,069
112,372
805,183
23,601
20,425

186,868
266,594
47,398
59,169
104,081
25,524
14,576
52,342
78,587
53,689
113,755
100,354
10,934
11,445
9,580
16,616
134,610
35,954
65,683

218,750
1441750
1,228,641
1,355.919
227,150
1,577,297
537,750
102,720
2,452,810
' 51(352
230,389
368,072
748,159
240,618
29,830
35,814
43.898
50,757
73,685
_____ |
............|
392,726j

1,111,355
1,263.410
201,661
1,379,478
449,865
74,878
46,874
192,160
340,315
703,447
205,027
33,961
39,016
43,574
60,204

343,177

81,551
97,3911
41,170
171,717
46,332
192,611]
779,312
917,760!
203,424
814,525
871,194
140,911
373,26S
428,124,
77,590
47,874
128,968
149,597
33,716
179,580
46,761
233,817
732,566
784,390;
154,492
114,701
132,873!
25,575
63,568
72,600,
17,790
56,795 1 ,479,126] 1,312,110
91,130 2,404,142 2,051,104
757,481 3,008.865 3,299.986
23,195
13,518

a Figures for the m ontli in both years include operations o f the Sr-rrmton R y ., acquired Jan. 1 1906. b r\otal is from March 1
c 1 fu se figures
are for consolidated com p an y
d These are results for main line.
/ de­
crease in 1905 due to strike and b o y co tt, y Figures for both years now
in Am erican currency.

90

Street Railway Net Earnings.— The following table gives
the returns of S T R E E T railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
on ce a month in these columns, and the latest statement of
this kind will be found in the issue o f June 29 1906. The
next will appear in the issue of July 28 1906.
------- Gross E d r n ’gs -------: ------- N et E arn in gs ------Current
Y ea r.

P reviou s
Y ea r.

_

R oad s.
$
B lack R iver T raction C o—
Jan 1 to June
30_
_
22,439
Chic & Milw E le c J une
84,555
Jan 1 to June 3 0 _
_
331,873
S tJosR y L tH & P C o_ _ _June
72,331
Jan 1 to June
30 ---392,726

$

Current
Y ea r.

$

20,934
53,218
211,973
65,683
343,177

804
57,300
188,080
33,202
185,817

P reviou s
Y ea r.

$

1,174
30,952
107,957
33,360
145,896

a Net earnings here given are after deducting taxes,

b Net

earnings here given are before deductin g taxes.

Interest Charges and Surplus.
— I n t ., R en ta ls , & c . --------- Bed. of N et E ’n g s .—
Current
Y ea r.

P reviou s
Y ea r.

$

R oad s.

B lack R iver T raction C oJan 1 to June 3 0 ___

Current
Y ea r.

$
711

P reviou s
Y ea r.

$
773

S
93

AN N U AL REPORTS.
Annual Reports.— All annual reports of steam railroads,
street railways and miscellaneous companies which have been
published during the first half of 1906 may be found by refer­
ence to the general index of the “ Chronicle,” the annual re­
ports being indicated in this index by heavy-faced type.
Virginia-Carolina Chemical Co.
(Report for 113^ Months ending M ay 31 1906.)
'v The report covers the operations of the com pany [for the
113^ months ending May 31 1906, the fiscal year having
form erly ended on June 15.
Results fo r P eriod compared with P reviou s Y ears
Y ea r end,
11 m o s. end. Y ea r end.
Y ea r end.
03.
M a y 31 ’06. June 15 '05. June 15 '04. June 15 7

______
$856,807

____ _
$814,312

______
$836,794

$3,231,377
635,060

T otal net p ro fits_ _ .a $ 3 ,029,027

$2,892,110

$3,293,109

$2,596,317

Gross p rofits_________
R epairs & m ainten’ce

Interest on b o n d s ____
Interest and d iscou n tPreferred stock , 8 % _ _
C om m on stock , 4 % _ _
Loss on S o.C ot.O il C o.
Set aside for con tin ­
gent f u n d _ ^ ^ ,._ _ _

$294,792
293,712
1,440,000
_____ _
______

$332,292
274,586
1,320,000
______
338,386

200,000

______

H •
$2,228,504
B alance
_________
$800,523
N et earnings So. Cot.
Oil Co. year ending
532,709
M ay 31 1906_____ _

$2,265,262
$626,848

Surplus for year __ _5$1,333,232

$626,848

$350,000
552,758
960,000
_______
53,416
____
$1,916,174
$1,376,935

____ ________________
$1,376,935

The express business is dependent alm ost entirely upon contracts with
railroad corporations for express facilities over their lines, and express
com panies must assume large financial responsibilities, as well as properly
discharge the varied requirements o f the service. Besides large experi­
ence and acquaintanceship being requisite upon the part o f the manage­
ment to secrue and hold the contracts, the financial strength and respon­
sibility o f the com p a n y seeking express facilities is o f param ount im por­
tance in securing the con tracts in com petition with other com panies.
The risks necessarily assumed by the com p an y in the regular course o f
its business am ount to hundreds o f millions o f dollars per annum; and for
the proper con duct o f such a great business large cash capital is neces­
sary to maintain the confidence o f the com m ercial world and to enable
the com pan y to obtain the most profitable classes o f business.
Y o u must know that the present p osition o f this com p an y is due in
large measure to the con tract made in 1893 With the Southern Pacific C o.,
when that corp ora tion ’s financial needs induced it to yield the present
favorable con tra ct. The con tra ct, how ever, has on ly Sy> years to run,
and your com p an y must then face the question o f its renewal or loss.
The Southern P acific Co. will then be entirely free to award the con tract
as it m ay choose and upon different term s, and will then have the advan ­
tage o f strong and aggressive com petition for the facilities.
B elow y ou will find a condensed balance sheet as o f May 31 1906. In
this statem ent no account is taken o f any express equipm ent, consisting
o f office furniture, safes, wagons, horses, harness, structures on railroad
rights o f w ay and the like; nor is the semi-annual dividend o f 5 % payable
on the 16th in s t . included in th e statem en t o f liabilities.
The surplus is held intact and is su bject at all tim es to the requirem ents
o f the business. It has been brought to this solid form by diligence in
forcing collection o f outstanding accounts and realizing upon undesirable
assets. No part o f the surplus or other assets is loaned to any director or
officer. It is loaned from tim e to time to responsible borrowers, but al­
ways su bject to quick call and am ply secured with full margin by Stock
E xchange collateral, readily salable. It yields the current rates o f inter­
est, besides giving to the com p an y the financial cerdit required to secure
advantageous contracts and desirable traffic.
It is asserted b y the gentlem en referred to that the purpose o f the
m anagement in accum ulating the surplus is to em ploy it to acquire ex ­
clusive express facilities on the Union P acific R R . b y a paym ent in cash.
There is no fou n dation in fact for this statem en t.
The directors are n ot indifferent to the desire o f stockholders for larger
return by w ay o f dividends. But in view o f the character o f the business
and the im portan ce o f being able, in times o f business depression, to pre­
serve unim paired the credit o f the com p an y and m aintain a steady
rate o f dividends, it is the judgm ent o f the directors that the rate o f d ivi­
dends should not be put upon a scale which m ay not be m ainatined
and w hich restricts the grow th and resources o f the com p an y.
As y ou are aware, the com p an y has for som e years past paid a regular
emi-annual dividend o f 3 % and an extra dividend o f 1 % . The board
on the 28th u lt. declared a regular semi-annual dividend o f 5 % ( payable
July 16, thus placing the stock upon a 1 0% dividend basis.
CONDENSED BALANCE SH EE T M A Y 31 1900.

Resources.

Total______________________ 820,482,7741
— V .8 3 , p. 42.

___
960,000
1,399,220
______
___
$2,568,621
$27,696
______
$27,696

Consolidated Balance Sheet M a y 31 1906, including Subsidiary Com panies
other than Southern Cotton Oil C o. and Germ an Potash Com panies.
A ssets —
M a y 31 '06. Ju n e 15 '05. J u n e 15 '04.

R eal estate, plants, & c___________ $21,819,120 $21,587,406 $14,492,455
I n v e s tm e n ts _______________________ 22,833,918 21,920,246 28,960,041
2,759,610
C a s h _______________ _______________
1,962,588
1,295 765
6,386,250
A ccou n ts receivable_______________
3,506,567
2,551,303
Bills receiv able____________________ a 4 , 823,424
5,943,484
5.073.278
3,163,558
Merchandise in v e n t o r y ___________
4,195,195
3,123,625
U n d iv . earns, subsidiary com panies
3.216.279
In t. and insur. paid in a d v a n ce ___
107,112
277,098
60,710
T o ta l_____________________________ $62,062,978 $59,222,597 $58,773,456
Liabilities —

Capital stock , p referred____________$18,000,000 $18,000,000 $ 12 ,000,000
Capital stock , co m m o n ___________ 27,984,400 27,984,400 27,984,400
Collateral trust loa n _______________
6,000,000
7,000,000
6,500,000
Bills p a y a b le______________________
4,982,464
3,035,405
7,064,425
A ccou n ts p a y a b le__________________
235,355
148,407
64,892
D ue subsidiary com pan ies_________
______
589,288
N otes o f subsidiary com p an ies____
______
285.000
C ontingent fund (bad d e b ts )_____
______
200.000
A ccrued in terest___________________
50,000
67,708
128,417
M isce lla n e o u s_____________________
______
9,150
Surplus ___________________________
4,810,759
3,477,527
3,457,033
$62,062,978 $59,222,597 $58,773,456

a A fter deducting $538,055 reserve for d ou b tfu l accounts and rebate
o f interest.— V . 81, p . 672.

Wells, Fargo & Company.
(Official Statement Dated July 3 1906.)
An official statement issued b y order of the board of direc­
tors over the signatures of President Dudley Evans and VicePresident and Secretary H. B. Parsons requests proxies for
use at the annual meeting on Aug. 9, and says in substance:
In view o f the effort being m ade b y certain parties to secure control of
the com p an y , under the prom ise o f extravagant cash dividends or w ater­
ing the stock b y creating stock scrip on a dividend basis, it is proper
that the directors should state that their p olicy has been, first o f all
to conserve the investm ent represented b y you r stock through the estab­
lishment o f the com p a n y upon a sound and stable basis rather than the
speculative p o licy o f larger and fluctuating dividends. The result is
shown in the strong position which the com pan y has recently attained;
and the present managem ent has the right to remind you that in 1901 the
surplus was $3,300,000, while to-day it is $12,400,000.

Liabilities.

Capital stock ____________
Bonds, bank and other stocks
owned; appraised value— $5,375,650 Accounts payable________
Real estate, appraised value. 1,778,362 Surplus r e s e r v e ..-______
76,171
Cash in bank________________
Acc’ts receivable (current)___
802,334
Short-time bills receivable,
secured by approved Stock
Exchange collateral______ 12,450,257

$209,401

a Includes net earnings of V irg.-Car Chem. Co. in connection w ith the
m anufacture and sale o f fertilizers, including operations o f mining co m ­
panies. b The profits o f the Einigkeit (P otash ) C om pany are not brought
in to the accounts.

T otal

[V O L . L X X X III,

T H E C H R O N IC L E .

$8,000,000

59:237

12,423,537

Total_______________________ $20,482,774

Allis-Chalmers Company.
{Official Statement June 1906.)

A printed statement addressed to the shareholders sets
forth the security for the proposed new 5 % bonds (lim it
of issue $15,000,000; present issue $12,000,000. (V . 82, p.
1498, 1440), and describes the position of the com pany as it
will be with $12,000,000 of the bonds outstanding.
Chairman Edward D. Adams , June 30 1906, says in brief:
B o n d s, & c .— The bonds will be used to reim burse the treasury for ex ­
penditures in con nection w ith the extension o f the w orks at W est Allis,
the purchase and extension o f the B ullock E lectrical W orks at Cincinnati
and to increase w orking capital. W hen the (first) $12,000,000 bonds
shall have been sold, the net w orking capital, being the qu ick assets
available after providing for all current liabilities to the p u blic, will ex ­
ceed $10,000,000. The bon ds Will be a first m ortgage upon our real
estate and m anufacturing plants, including new p rod u ctive p roperty
acquired. The cost o f the n ew p rop erty , together w ith the additions
now being erected at W est Allis, am ounts to $10,528,914. D uring the
past five years $4,249,000 has been charged off in the expense accounts
for depreciation, m aintenance and repairs. Of the expenditures for
patents, experim ents, special tools, drawings, & c., in the developm ent
o f im proved products, m ore than $500,000 has been charged off as current
expense.
N ew Departm ents .— The net earnings for the first three years am ounted
to $4,048,459, averaging $1,313,000 per annum . A t the end o f this per­
iod the advent o f the steam turbine and the gas engine, with the pref­
erence o f purchasers o f electrical pow er units for those produ ced b y a
single m aker, reduced the profits for the year 1903-04 to $952,624 A t
this tim e it was decided to undertake the m anufacture o f steam turbines,
large gas engines and hydraulic turbines, and establish im portant elec­
trical w orks. As soon as the efficiency o f our new products wras dem on ­
strated, the orders increased to such an extent as to ju stify m anufactur­
ing facilities even beyond those originally contem plated.
The effect upon the net earnings w'as shown in the last annual report.
W h ile every effort has been m ade to bring the new products upon the
m arket, the m anagement has had the additional expense and hindrance
to profitable operation that are incidental to the construction o f such ex ­
tensive new works as those nowr approaching com pletion at W est A llis.
The results o f the m anufacturing business for the current year, under the
liberal charges to operating expenses above in dicated, will prove, it is
ex p ected , to have been a net loss of about $300,000, unless the entire cost
o f establishing these new departm ents is charged to capital accou nt.
As the net results have shown an im provem ent during the past few m onths
— the volu m e o f orders is increasing and the new wrorks will sh ortly be
com pleted and in use— it has been deem ed conservative to continue the
m ethods o f accounting already ad op ted . The com p an y is now prepared
•to m aintain its position in, the front rank of m anufacturing engineers
producing diversified products and com p lete units o f pow er equipment,
and distribution. (See description o f the W est Allis w orks in the “ Iron
A g e " o f April 12 1906 and o f the B ullock wrorks in the issue of the same
journal for June 2S 1906.— E d .)

President W . H. Whiteside , June 18 1906, writes:
B u sin ess on H a n d .— The grow th in the electrical business din in g the

past year has been phenom enal, the sales h aving exceeded those o f the
previous year b y m ore than 1 0 0 % . The com p an y now' has its first large
steam turbine unit in successful operation at. the W illiam sburg station
o f the B rooklyn R apid Transit Co. There are also:
I n P rocess of Construction and Installation.

24 steam turbine units, aggregating 45,000 H . P . capacity.
12 gas engines, aggregating 30,500 H . P ., con nected to our electric gener^ actors or blow ing engines;
43 h ydraulic turbines, aggregating 165,680 H . P ., to develop w'ater
powers in tw elve o f the States, Canada and M exico.

Report of the Manager of

Other Important Orders on Hand.

52 blowing engines, weighing about 14,000 tons, for steel manufactures;
Plant equipments for numerous mining companies, cement manufac­
turers, lumbermen, flour millers and water works companies;
Reciprocating engines, steam turbines, generators, rotary converters,
transformers, switchboard apparatus and street railway motors, for
the Toledo Lakeside & Port Clinton Ry. Co., Cincinnati Milford &
Loveland Traction Co., Winona Interurban Ry. Co. and Indianapolis
New Castle A Toledo Electric Ry. Co.
:
O utlook. — The outlook for business in all departments is very promis­
ing. There is every indication of a continued large business in the older
lines of machinery, and that the volume of business which can be secured
in the new lines will tax to the utmost the increased manufacturing
facilities. The volume of unfilled orders on hand largely exceeds such
orders at any previous date, being now more than twice as large as at
any time previous to the current year.
ALLIS-CHALMERS CO.— BULLOCK ELECTRIC MAXUFACTURIRG COCONSOLIDATED BALANCE SHEET MAY 31 1906.
(As it will appear with the $12,000,000 10-30-year 5% 1st mort. bonds outstanding.
A ssets.

L ia b i / ie s .
fr

|

Plants and good will taken
Allis-Chalmers Co.—
over April,1 1901, ineludPreferred stock.. ......... .. $16,150,000
tug discount of $3,000,000
1 Common stock----------------19,820,000
on proposed issue of bonds. $29,507,596 Bullock Electric Mfg. Co.—
1,170,000
Preferred stock........... ........
Net additions to plants 1902Common stock......... .............
500
'06 (tncl. $2,307,579 in
827,063 First mort. 10-30-year 5%
year 1905-06)........................
bonds 1936________________ 12, 000,000
For completion of West Allis
1,584,421
extension.............................
2,701,Sol Accounts payable________
Reserve Funds—
Development of new depart­
For depreciation__________
1,042,872
ments (electrical, gas en­
For bad & doubtful debts. _
126,267
gines, steam and hydraulic
For penalties < demurrage,
fc
63.856
turbines and air brakes)
iurplus ___________ _____ _
subject to monthly credits by
198,555
charges to operations.........
549,014
Materials and products on
hand and contracts under
•way. less payments on ac•count--------------------------------5.777,678
Acc'ts and bills receivable_
_
4,615,928
C ash _______________
1.277.341
T o t a l_________________. — $52,156.4711 ‘ -Total____

$52,156,471

P r o p e r l y a n d P la n t s .

(Including the W est Allis extensions, which, it is expected, will be in full operation
soon after Oct. 1 next.)
Works—

F lo o r S p a ce. A cres
o w n ed .
Sq ft.

Chicago Works No. 1___121,500
Crushing and cement
machinery.
Chicago Works No. 2 ___375,000
Mining machinery.
Cincinnati works (Nor^
wood, Ohio___________327,000
Electr»c motors, trans­
formers, &c.
Milwaukee works, in­
cluding S. Foundry_ 720,000
_
Saw mill and flour ma­
chinery and hy­
draulic turbines.

F lo o r S p a ce, A c r e s
8 / . ft.
ow ned .

W ork s—

4.92 Scranton (Pa.) works___240,000
Sugar machinery.
West Allis (Wis.) works,
(completed in 1902). .680,000
11.6
Corliss engines, hoist­
ing engines, pump­
ing engines, &c.
18.5
West Allis extensions___736,000
Steam turbines
gas
engines and electric
18.21
generators. &c.
Total areas------------- 3.199.500

I

7.00
113.22

173.45

“ T h e ca p a city o f these w ork s is sufficient for th e e m p lo y m e n t o f a b ou t
15.000 m en .; — V . 82, p . 1498, 1440.

Associated Oil Company, Bakersfield, Cal.

{Report tor Fiscal Year Ending Dec.

31

The report issued som e tim e ago perm its
com parisons. (The com pan y controls the
Oil C o., ow ning half of its $5,000,000 stock;
for that com pany separately given below
V . S 2 .p .9 8 .)

1 9 0 5 .)

the follow ing
Am algam ated
see the report
and com pare

1 905.
T ota l s a l e s __________________________ ]
O ther earn in gs______________________ ^ 4 ,9 7 3 ,1 0 1
Value o f oil on hand at c o s t _______ J
T o ta l

_______________________ _
D eductions —

$4,973,101

1904.
• • 1903 “ •
f S 3,352,188 $2,347,799
85,637
32,179
80,542
120,775
83,518,367

$2,500,753

Transportation expense, &c______ ]
r 81,635,678
Rebates on contracts to original
owners in excess of 22H e. per
bbl . . . _________________________
30,261
Production expenses, including re­
pairs, (A _
c
__________________ $2,950,795 { $373,160
Administration expenses__________
81.228

$1,22 6 ,2 0 0

T a x e s, royalties, in t. on lo a n s _____
Oil p u rch a ses. ______________________
Freight paid on oil on hand on D e c. I

Oil on hand Jan. 1 1904___________ J
Interest on b o n d s_________________
Depreciation reserve_______________

133,278
339,714
57,536

78,9 8 3 ]
329,013
267,325

__________________

77,501
304,617

T ota l d e d u c tio n s _________________ $3,332,913
Gain for y e a r _______________________ $1,640,188

2 0 ,9 9 5 '
97.952 j
77,323
126,489
$2,851,082
8667,285

78,117
109,259
$2,211,429
$289,324

D ividends X os. 1 and 2, together aggregating $656,250,
were paid in 1905. D ividend 3, o f 1
(understood to
be semi-annual) was paid Feb. 26 1906. calling for about
$342.576.— Ed.
B a la n c e S h eet D e c . 31 1905.

Liabilities.

A ssets

Oil lands and leases__________ $17, 251,996
Personal property and sundry
investments.....................
7,,144,646
Bonds_______________ _______
118,702
Stock In other companies_______ 5
,167,246
Cash on hand_______ _____
15.100
Bills receivable_____________
151,772
Accounts receivable________
655,976
Oil on hand, at cost_________
315.217
Surplus of affiliated co's_____
324,260

Total assets— ..................$31,144,914

Capital stock outstanding__ $22,838, 404
Bonds outstanding__________
1.579. 545
Bills payable........... ................. 2.017. 250
Audited vouchers___________
1,872, 327
Accounts payable___________
47, 627
Freight_____________________
45, 588
Accrued interest on bonds_
_
32, 903
Reserve on 1905 business____
15. 000
Contingent freight liability..
34 .869
Depreciation reserve (incl. af­
filiated co's 05 $94,046). .
540 ,364
Surplus .................. ................... 2,121 .037
Total..................................

the

manufacturingt Sales and Marine Department,
Joh n B a k er J r .

“ The year 1905 has witnessed the maturing of many of our plans.
Our sales have vastly increased; all branches showing a nice expansion.
The tonnage of asphaltum produced and sold greatly exceeds all previous
annual records— the only unsatisfactory feature about the business has
been the abnormally low prices obtained for both oil and asphaltum,
occasioned by keen competition.
“ The writer during the past year canvassed the markets of Europe
as well as the Eastern States of this country, and, including a trip to
Panama, traveled over 50,000 miles, every where meeting with substan­
tial encouragement. Concessions have been obtained permitting us to
lay pipe lines across the Isthmus of Panama, which will enable us to sup­
ply the demand for refined crude and fuel oil in the Atlantic States of
America, Europe and along the eastern coast of South America. The
four large, first-class tank steamers (‘Lansing/ ‘ R om a/ ‘ Washtenaw7
and ‘Argyll’) which have been added to our fleet of oil carriers increases
our water transportation fully five times, enabling us to reach out for
the markets of the world.
“ The first California petroleum delivered in any South American port
was sold by this company, and deliveries were commenced Nov. last.
We have secured considerable other business, some of which is in Cen­
tral America, and we will begin shipments as soon as necessary storage
plants can be provided.
“ The enlargement of our refinery at Oleum (San Francisco Bay) has
been commenced and we will shortly be in shape to produce refined oils
of all classes and asphaltum in the quantities required. The construc­
tion of the pipe line across the Isthmus of Panama, further enlargement
of our fleet of tank steamers, increasing our refining capacity (all of which
will be accomplished this year) will enable the company to further ma­
terially increase its business.
“ Since the above report was written the Union Steamship Co. has pur­
chased a one-half interest in, and chartered for ten years, the steamships
‘ Minnetonka’ and ‘ Minnewaska/ These will at once be converted into
tankers, thus giving your company a fleet of nine vessels having a total
carrying capacity of about 270,000 barrels. It is expected that these
vessels will all be in commission by the middle of the year and will largely
increase the output of oil from the company’s wells, many of which have
been shut in the past year by reason of insufficient transportation facili­
ties for the oil. The improvements in the refinery referred to contem­
plate an increase to five times the present capacity of the plant at O leum /'
R eport o f the M a n a g er of the executive a n d field d ep a rtm en ts , W . L . Stewart.

“ Our drilling has been confined almost entirely to Santa Barbara
County, where we have brought in a number of very good wells. We
have drilled in the aggregate upwards of 60,000 feet during the year and
have materially increased the production; to what extent, however, we
are unable to report, for the reason that the majority of the wells brought
in have been shut down as soon as completed, there being no available
outlet for their output. The work accomplished in this line by this com­
pany during the- past year is in excess of anything it has accomplished
in the past during any similar period.
“ We have completed our 6-inch pipe line in Santa Barbara and San
Luis Obispo counties to Port Harford, with feeders extending to all the
new wells, duplicate pumps and boilers at Orcutt and Summit, and steel
tankage to the extent of over 250,000 barrels, and are therefore in posi­
tion to transport economically large quantities of oil from the field to tide­
water. In Southern California we have more than doubled the capacity
of our Whittier-Fullerton-San Pedro-Los Angeles line by replacing the
4-inch line with 6-inch and putting in additional pumps and boilers! We
have also materially added to our storage equipment here. In the Kern
field we have completed one 530,000-barrel.reservoir and have purchased
additional land for another.”
O il P r o p e r tie s .— “ The character of the title to the oil properties is as
follows: Under leasehold, 19,658.29 acres; mining claims, 6,680 acres;
lands in fee and mineral rights in fee, 154.465.94 acres; total, 180,804.”
D iv id en d s. — “ The company has paid in dividends to Dec. 31 1905
$1,865,908. The largely increased output of oil which the company will
have when its steam tankers are all in commission will doubtless permit
a considerable increase in dividends in the comparatively near future.”
B o n d s G u aran teed. — “ Your company has no direct bonded debt, but has
guaranteed outstanding bonds of several of its subsidiary companies as
follows:
x A u th o r . Iss u e . O u tstan d’g .

In co m e A ccou n t fo r Calendar Y e a r s .

31 1904

91

THE CHRONICLE.

J uly 14 1906.]

$31,144,914

Compare V . 82 p .9 8 .— V .8 2 . p .9 8 .

Mission Transportation & Refining Co. (5%due
Nov. 1 1921. See V . 79, p. 2799)_____________ $1,000,000
Union Transportation Co. (see a following
page— E d .)____________________________________ 3,000,000
Union Steamship Co. (see item on a following
'page— E d .)________ ___________________________
______

$888,000
1,775,000
1,000,000

Supplied; not in report.
“ The bonds of the latter company have all been sold at par and it is
not expected that any more of the bonds of the first-named company
will be sold. All of the shares of the above companies are owned by the
Union Oil Co. of California and they have no outside liabilities other than
the bonds referred to.”
C o m p a n y In d ep en d en t .— “ As disquietingr eports are from time to time
put into circulation to the effect that your company is owned by or allied
with the Standard Oil Co., we positively assert that neither the Standard
nor any of its allied companies is either directly or indirectly interested
in your company. Neither is your company nor any of its auxiliaries
interested directly or indirectly in the Standard, or any of its auxiliaries
or allied companies.”
x

RESULTS OF OPERATIONS FOR CALENDAR YEAR.
1905.
Net earnings six months to June 3 0 _________ _ $382,579
Net earnings six months to Dec. 3 1 _________ _
618,818

1904.
$143.077
377,762

Net earnings twelve months_____________ .$1,001,397
$520,839
Total dividends paid twelve m onths._ (abt.6%>392,556 (2 .7 % ) 153,769
Balance, surplus for year, used for betterment
and increase of plant___ __________________

$608,841

$367,070

The dividend rate was increased in February 1905 from
2.7% per annum (22]^e. per share monthly) to 6% per an­
num (50c. monthly), and in April 1906 to 9% per annum,
or 75c. monthly.
Stock outstanding Dec. 31 1905 $6,447,700, against
$5,853,800 for last half of 1904. Treasury stock sold since
Dec. 31 1905, par]value, $291,500. There were 8,000 shares
of Treasury stock sold to shareholders under circular March
10 1906 at $164, delivery one-fourth each March 26, Aug. 1,
Dec. 1 1906, April 1 1907.
Directors— Lyman Stewart, W. L. Stewart, J. S. Torrance, J H.
Adams. F. C. Bolt, W. R. Staats, John Baker Jr., W. F. Botsford.
F. A. Garbutt, Edwin T. Earl. Giles Kellogg.— V 81. p. 564.

Union Oil Company of California.

California O ilfields, Lim ited.

the year for depreciation on m aterial, d ep reciation on in v e n to ry price o f

The profit resulting from our operations during the past six months amounts
to $46,484: balance June 30 1905. €13.319: credit balance now available. £58,803.
The directors propose to pay a dividend of 15% (on the €250.000 stork. Ed.) for
he half-year, free of Income tax. or at the rate of 30% per annum, which will

{Report for Fiscal Year Ending Dec. 31 1906.)
{Report for Fiscal Year ending Dec. 3 1 1 9 0 5 .)
At the fifth annual meeting, held at Winchester House,
President Lym an Stewart , Los Angeles, Jan. 29 1905, said: London, E. C., on April 26, Chairman Robert Balfour,
D
epreciation, d e c . —^There was ch arged o ff in to expense a cco u n t for according to the London “ Financial News” of April 27. said:

oil and for d iscou n t on b on d s so ld , $ 170,326.

S a les .— T he percen ta ge o f increase in barrels o f oil d elivered on sales
was 4 9 ^ in ex cess o f th at for 1 9 0 4 .

92

THE CHRONICLE.

absorb £ 3 7 ,5 0 0 , to transfer to the credit of the reserve fund, whlch';wlll then amount
to £ 3 0 ,0 0 0 , the sum of £ 10,000, and to carry forward the balance of '£ 11,303 0s. 9d.
We are informed that the large refinery owned by the Pacific Coast Oil Co., situ­
ated at Point Richmond, near San Francisco, has not sustained injury from the
earthquake. The interruption to business arising from this disaster will, however,
interfere with the consumption of this refinery for the time being.
The number of producing wells has been gradually Increased to 39, and others
are in course of completion. Under present market conditions there is no great
inducement to develop on a more active scale. A t the last shareholders' meeting
reference was made to the large yield being obtained from two wells - 3 ,0 0 0 and
2,400 barrels per day respectively -and this is reflected in the production reported
during the six months covered by the accounts now submitted.
You will observe
that this has approximated 1,850,000 barrels, against about 2,100,000 barrels for
the previous twelve months.
Production of State.— The production of California is maintained at from 90,000
to 95,000 barrels daily, and this is probably considerably within the capacity of
existing wells. According to the annual report of the California Petroleum Miners’
Association there were 2,116 producing wells in California on Dec. 31 last, and the
production in recent years was: 1902, 13,973,500 barrels; 1903, 24,337,828 barrels;
1904. 28,476,025 barrels; 1905, 35,671,000 barrels. The production of the Coalinga
Field for 1905 shows a considerable increase. In the Kern River Field— which of
recent years has been the most important, and still continues so- only a limited
number of new wells have been drilled during the past six months, and active
development has been confined to Santa Barbara and San Luis Obispo counties—
a comparatively new field which has recently become an important producer.
The production for 1905 of 35,671,000 barrels, or about 95,000 barrels daily,
above recited, includes the following details: Coalinga, 8,869,000 barrels; Santa
Maria and Lompoc (Santa Barbara), 5,300,000 barrels; Kern River, 14,000,000
barrels; Los Angeles, 3,000,000 barrels. The number of wells reported as producing
in 1905 indicates an average yield of rather under 50 barrels a day for each well;
the number of wells reported to be producing in the Coalinga district is 249, with
a total production of about 27,000 barrels daily, or an average of about 110 barrels
per day; whereas the wells of the California Oilfields are producing on an average
about 200 barrels per day.
World’s Production.— Full returns of the world’s production for 1905 have not
yet been received; but I am indebted to the editor of the “ Petroleum W orld” and
others for the following approximate figures (in barrels):
United States------------------------- 130,000,000 In d ia --------------------------------------- 3,500,000
Russia _______________________ 54,000,000 Sundries--------------------------------3,000,000
6,000,000
Galicia________________________
Roumania____________________
4,500,000
Sumatra, Java and Borneo—
9,000,0001
Total barrels________________ 210,000,000
as compared with, for the year 1904, 220,000,000 barrels, and for 1903, 195,000,000
barrels. The diminished production in Russia is accounted for by the political
disturbances in that country, and will presumably be reinstated as time goes on.
It will be observed that California’s quota of the United States production is about
2 7 % , and of the world’s production about 1 7 % .
Market Conditions.— California production is in excess of local requirements, and
California is far removed from important centres of consumption. Prices are much
lower than in the United States generally. Quotations for high-grade Pennsylvania
crude oil are $1 58 to §1 60 per barrel, while Californian fuel oil can be bought,
delivered at convenient points on San Francisco B ay, at about 40 cents per barrel
in bulk. The quality for refining purposes is doubtless inferior to the Pennsylvania
article; nevertheless, there is a manifest disproportion in market price which it is
reasonable to hope may be modified, as time goes on, to the advantage of Californian
producers. The ruling price for steam coal is $5 50 to $6 00 per ton, while fuel oil,
at 40 cents per barrel, is equivalent to about S3 per ton. The quotation for fuel
oil, therefore, weight for weight, is about half the price of steam coal, whereas from
the point of view of efficiency fuel oil is worth at least 5 0 % more than steam coal.
Under these circumstances the consumption of crude petroleum for fuel purposes
is steadily increasing, with the result that importations of coal into San Francisco
continue to diminish. The importations of coal were: In 1904, 1,051,072 tons, in
1905, 831,890 tons.
Export markets are being developed, both for fuel oil and refined products.
Oregon and Washington are taking increased quantities. Considerable quantities
of fuel oil are being shipped to the Hawaiian Islands and to the west coast of South
America, and a pipe line is being installed across the Isthmus of Panama (compare
Union Oil Co., above), which is designed to develop markets on the Atlantic sea­
board, and it may be, later on, in Europe. Reference has been previously made to
shipments of illuminating oil to China, and it is reported that a shipment has also
been made to Bombay. The South American market is also taking a considerable
quantity, and supplies from California are competing successfully there with impor­
tations from the Atlantic seaboard. See V . 81, p. 1377.

p ow ers and run in an e con om ica l m anner, and to the a ban d on m en t o f
sm all gas w ells in In dian a the p rod u ction from w hich d id n ot w arrant
th e p a y m e n t o f the rentals.
W e h a v e installed a gas com p ressor station at K a y lo r , P a ., w h ich is
n ow in o p e ra tio n , utilizing the p rod u ction from A rm stron g C ou n ty wells,
th e p ro d u ct g o in g in to our line com p leted last year from Clarion to Ohio
p o in ts , co n n e ctin g th e new tow n s o f G reenville, Jam estow n , F red on ia,
H a d le y , O sg o o d , P a ., and A n d ov er, O h io, an d su p p lyin g th e increased
d em an d s o f the N ortheastern Oil & Gas C o .’s plant at G onneaut, A sh ta­
b u la, G e n e v a , Jefferson and K in gsville, O h io.
T o o p e ra te the K a y lo r station in A rm stron g C ou n ty and con n ect up
the w ells, it was n ecessary the la y the follow in g lines: 2 miles 8 -in ch , 24
m iles 6 -in ch , 17 m iles 4 -in ch , 4 m iles 3-in ch and 7 m iles 2 -in ch , a total
o f 54 m iles all sizes.
W e h a ve also com p leted w ith in the past few w eeks a com p lete plant
at M arion, I n d ., for the m an u fa ctu re o f gas from o il, w hich will be op er­
ated n ex t w in ter, an d w h ich in stallation was m ade necessary th rou gh the
d ep letion o f the natural gas fields in In d ian a and m ore p articu larly the
territory im m e d ia te ly a d ja cen t to the a b o v e c ity .
T h e fo re g o in g in v estm en t aggregated $483,000 and we fu lly e x p e c t
th e return du rin g th e co m in g year w ill warrant the e x p e n d it u r e /
D u ring th e year th e increase in th e n um ber o f con su m ers on th e lines
was 2 ,4 1 0 , the total n ow bein g 19,355.
T h e cost o f p ro d u ctio n in the oil d ivision has been m aterially redu ced
du rin g th e past y e a r, the average cost per barrel bein g 41 l- 3 c ., as against
49.H e . the p rev iou s y ea r, a decrease o f o v e r 8 c. per barrel, or a p p ro x i­
m a tely $53,000, du e en tirely to econ om ies in op era tion .
T h e p h y sica l co n d itio n o f the p ro p e rty has been fu lly m a in ta in e d , the
cost o f all repairs, renew als, & c ., h avin g been charged against op eration s.
In c o m e A cco u n t fo r Calendar Y ea rs.

1905.
1904.
Gross earnings— Oil D iv is io n _____________$793,501
Gas D i v i s i o n _____ ____________________ 415,403
------------- $1,208,904 $1,568,636
O peratin g ex p en se, in clu d in g rentals,
roy a lties, ta x e s, drillin g, gas pu rchase,
<fcc.— Oil D iv is io n _______________________ $345,486
Gas D iv is io n ____________________________ 286,573
632,059
678,990
N et e a rn in g s____________________________________

for Fiscal Year ending Dec.

31

Interest on fu n d ed d e b t _________________________________________
$ 9 2 ,1 9 7 1
$189,15
In terest on current d e b t ____________________________
1 5 5 ,1 8 2 /
C om m ission on sale o f b o n d s, transfer and register
ex p en se, & c _______________________________________
7,342
_______
D iv id e n d s p a id _____________________________________ (5 % )3 0 0 ,0 0 0 (8 )4 8 0 ,0 0 0
T o ta l d e d u c tio n s __________________________________
B a la n ce, surplus for y e a r _____________ _____________

A m a lga m a ted .

Salt L a k e.

$554,720
$22,125

$669,152
$220,494

A s o ffs e t t in g a t o t a l i n v e s t m e n t D e c . 3 1 1 9 0 5 o f $ 1 0 ,2 2 4 ,7 0 1
(c o m p a r e V . 8 0 , p . 2 3 4 1 ) , th e r e w e re lia b ilit ie s a n d su r p lu s
a g g r e g a tin g th e s a m e a m o u n t , v i z .:
C apital sto ck (in $100 sh a re s)____________________________________ $6,000,000
C ollateral g o ld b o n d s, $ 2 ,600,000; less b o n d s in treasu ry u n s o ld ,
$ 1 ,0 7 8 ,0 0 0 ______________________________________________________ 1,522,000
A cco u n ts p a y a b le , less a ccou n ts receiva b le and c a s h ____________2,281,411
Surplus in 1905, $399,166; surplus for 1905, $ 2 2 .1 2 5 ____________
421,291
— V . 8 2 , p .9 9 0 , 933.

(Report for Fiscal Year Ending May

T h is c o m p a n y , c o n tr o lle d b y th e A s s o c ia t e d O il C o . (se e
t h a t c o m p a n y a b o v e a n d V . 8 2 , p . 9 8 ) , r e p o r ts :

In co m e —

$889,646

Chesapeake & Delaware Canal Co.

1 9 0 5 .)

S tatem en t of net g ain of A m a lga m a ted O il C o 0, Salt L a k e
A rc tu ru s O il C o . for the Y e a r 1905 :

$576,845

D ed u ction s —

Amalgamated Oil Company, California.
( Report

[Y ol . LXXXIII

O il C o . and

A rc tu ru s.

Total.

First six m o n th s ________ $66,402
S econ d six m o n th s _____ 188,964

$136,684
190,880

$23,335
64,420

$226,421
444,2 6 4

T o ta l for y e a r .............. $255,366
L ess—
D ep recia tion , 1 8 % per
an nu m on cost o f wells
an d im p rovem en ts —
----------

$327,564

$87,755

$670,685

42,150

13,179

R even u e from to lls_________________
A d d — Interest
on d eposits and
telegraph lin e _____________________
L ighterage and oth er se rv ice ____
R ents o f p ro p e rty on line o f canal
In com e from con tin gen t an d spec­
ial fu n d ______________________

3 1 1 9 0 6 .)

1905-06.
$176,354

1904-05.
$149,665

1903-04.
$142,861

385
279
525

422
1,335
647

389
1,795
1,344

1,840

2,987

3,238

$179,383
$65,779
104,118

$155,057
$53,850
104,118

$149,627
$51,025
104,118

sur$9,486

d ef$2,912

defS5,516

55,328

T ota l gain fo r y r. 1905$255,366
$285,414
$74,576
$615,357
“ It w ill be n oted th at th e profits fo r the secon d h alf o f th e year 1905
are greatly in excess o f th e earnings for the first h a lf. W e e x p e ct a c o n ­
tinu ou s increase in business and p rofits, as w e h ave co n tra cts fo r th e sale
fo oil sufficient to tak e the p ro d u ctio n up to 12,000 barrels per d a y . W e
are n ow drilling w ells to b rin g ou r p ro d u ctio n up to this a m o u n t.”
B a lan ce Sheet A m alga m ated O il C o . and A ffilia ted C o m p a n ies D ec . 31 1905.
A s se ts —
L ia b ilities —
C apital sto ck _ _ _
All o f cap ital sto ck o f Salt
.$ 5 ,0 0 0 ,0 0 0
Bills p a y a b le
_____
L ak e Oil C o ., A rctu rus
125,000
A cco u n ts payable _ _
Oil C o. an d U tah-C alif
24,034
$5,079,532 Sundries to b e a d ju ste d C onsolidated Oil Co —
728
S u rp lu s —
73,149
R eal estate (L os A ngeles)
A m a lga m a ted Oil C o ___ _
S torage p la n t, d istrib u t'g
255,366
Salt Lake Oil Co
sy stem , refinery
(in
.
369,943
41,190 A rctu rus Oil Co_
___
cou rse o f co n s tru ct’n)
74,576
145,122
A cco u n ts r e ce iv a b le ____
19,655
Oil on h a n d ______________
46,480
Cash in b a n k ____________
A d d accu m u la ted surplus
(n et earn s.) o f affiliated
c o ’s (see con tra ):
369,943
Salt L ak e Oil C o .
74,576
A rctu rus Oil C o.
$5,849,647
T o ta l _ _ _ _ _ .
_$5,849,647
T ota l
A ll o f th e s to c k o f S a lt L a k e O il C o ., A r c tu r u s O il C o . a n d
U t a h -C a lif o r n ia C o n s o lid a t e d O il C o . is o w n e d b y th e A m a l ­
g a m a t e d O il C o ., w h ic h is th e h o ld in g c o m p a n y .— V . 8 2 ,
p . 162

Pittsburgh Oil & Gas Company.
(Report for Fiscal Year ending March

3 1 1 9 0 6 .)

^ P r e s i d e n t T . N . B a r n s d a ll, in th e r e p o r t is s u e d s o m e t im e
s in c e , s a y s :
D u ring the year y o u r co m p a n y , th rou gh its su bsid iary c o m p a n ie s, has
acqu ired 15,983 acres o f oil an d gas leases and surrendered 75,002 acres
th a t h ave p rov en u n p ro d u ctiv e , lea vin g in force 172,523 acres. W e h ave
drilled 146 w ells in the oil d ivision an d 57 wells in th e gas d iv isio n , a total
o f 203 wells co m p le te d , o f w hich n u m b er 35 w ere d ry and u n p ro d u ctiv e ,
in a d d ition to w hich 1 well was pu rchased, 12 sold and 175 a b a n d o n e d ,
a net decrease for the year o f 18 w ells, lea v in g a to ta l o f 1,319 p rod u cin g
w ells in op era tion in b o th d ivision s. A large p ro p o rtio n o f w ells sh ow n
aban d on ed as a b o v e was occasion ed th rou gh th e p u llin g ou t o f w ells that
w ere in isolated territory , w hich p roh ib ited their bein g co n n e c te d up w ith

T ota l rev en u e-----------------------------M ain t. o f canal & o th . e x p en ses—
Interest on m o r t. loa n at 4 % ---------B a la n ce

fo r

y e a r ------

B A L A N C E S H E E T M A Y 31.
1906.
1905.

1906.
1905.
Liabilities—
$
$
Assets—
$
$
Cost of can al_______ 3,989,365 3,989,365 Capital stock and
I s c rip _______________1.903.239 1,903.239
Real estate line of
29,772 i Mortgage loan______ 2,602,950 2,602,950
c a n a l_____________
30,386
Contingent fund____
65,767
56,281
Investments for con­
56
252
582
tingent fu n d ________________ 54,501 ,7 8 1 1Interest uncalled for_
Acc’ts receivable---------------------- 4,687 4 ,5 8 0 !Bills payable________
_______
5,000
19,469)
C a s h _________________
25,184
Profit and loss_______
468,084 46S.0S4 I
^
T o t a l .......... .............. 4.572,207 4,568,051)

T o t a l ........ .................4,572,207 4,568,051

A n A c t o f C o n gress a p p r o v e d b y P r e s id e n t R o o s e v e lt on
J u n e 2 8 1 9 0 6 p r o v id e s fo r th e a p p o in t m e n t o f a c o m m is s io n
t o e x a m in e a n d a p p ra ise th e c o m p a n y ’s p r o p e r t y w ith r e f­
eren ce to th e d e s ir a b ility o f th e U n it e d S t a te s p u r c h a s in g
th e c a n a l fo r th e p u r p o s e o f e s ta b lis h in g “ a free a n d o p e n
w a te r w a y h a v in g a d e p th a n d c a p a c it y su fficie n t to a c c o m ­
m o d a t e th e la r g e s t v e s s e l a flo a t a t m e a n lo w w a t e r / ’ —
V . 81, p. 209.

Oceanic Steamship Co.
(Report for Fiscal Year ending Dec.

31

1 9 0 5 .)

P r e s id e n t J o h n D . S p r e c k e ls , S a n F r a n c is c o , J a n . 2 2
1 9 0 6 , says:
Y o u r directors herew ith su bm it their annual report fo r the fiscal year
1905, and while it will appear from th e financial statem ent that the net
loss as show n, viz: $183,345, is equ al to the loss sustained in the previous
year, yet this m ay be explained in part b y th e accid en t to the steam ship
A lam ed a, w h ereby her services were lost fo r three v o y a g e s, entailing an
estim ated reduction in her earnings for th e year o f at least $30,000. It
w ill also be n oted that the steam ship A ustralia is d eb ited w ith a loss o f
$23,022 97, the m a jor p ortion o f w hich is really an u nadjusted accou nt
w ith the underw riters, and w ill be m ade g o o d in the settlem ent o f the
claim against the insurance co m p a n y grow in g out o f the captu re o f this
vessel b y the Japanese G overn m en t.
T he vessels com prisin g the fleet are in g o o d co n d itio n , well kept u p,
and are reaping the benefits o f the betterm ents w hich h ave cost so m uch
n ecessa ry ou tla y in the p ast.
T h e general o u tlo o k for the A ustralian trade is m u ch m ore h opefu l
th a n fo r years p a st. The In tern ational E xp osition op en in g this year in
N ew Zealand will u n d ou b ted ly increase our passenger revenues, and it is
r e a so n a b ly p rob a b le that Congress will take favorable a ction on the
sh ip p in g b ill. W ith these possibilities b efore u s, w e feel encouraged to
h o p e that the new year will witness an im provem ent in our affairs.

THE CHRONICLE.

J u l y 14 1906.]

RESULTS FOR C A L E N D A R Y E A R S .
Receipts—
1905.
1904.
1903.
From operating vessels $ 2 ,008 ,73 3 $2 ,004 ,42 6 $2,020 ,94 3
Miscellaneous receipts
50 ,3 5 0
28,535
12,299
T o t a l........................... S2,059,0S3
Expenses—
For operating vessels. $1,728,741
Port,office,agency,&c.
143,971
In su ran ce____________
69 ,5 5 7
Bond in terest________
120,250
Interest (o r d in a r y )...
94,347
Taxes ................. - - - - 12.S79
Miscellaneous________
38,219

1902.
$1 ,8 9 8 921
5 ,9 0 0

$2 ,032 ,96 1

$ 2 ,0 3 3 ,2 4 3

$1,904,821

$ 1 ,753 ,76 8
1 3 5 ,S19
S4.992
120,250
83,207
16,342
2 0 ,SOI

$ 1 ,8 3 5 ,4 9 4
133,41 2
9 1 ,0 1 0
1 2 0 ,2 5 0
62,621
19,386
5 ,7 4 2

$1 ,848,001
124,886
9 3 ,4 9 6
120,250
47.05S
I S ,819
1,615

T o t a l_______ _______ $2 ,207 ,96 4 $2 ,215,179
$ 2 ,2 6 7 ,9 1 5
$ 2 ,2 5 4 ,1 2 5
L o s s _________________ _
S14S.SS1
S1S2.21S
$234,673
$349,304
B A L A N C E S H E E T D E C . 31.
1905.
1904. |
1905.
1904.
Liabilities—
S
S
A ssets—
$
S
i
F le e t.............................................. 4,101,1024,378,1421
Capital stock_______ 2,500,000 2,500,000
Other property_____
97,220
98,4901 Bonds o u tstan din g.-2,405,000 2,405,000
Coal and supplies___ 106,773
114,247 Notes in favor o f J .D .
Spreckles&Bro .Co.1,400,000 1,400.000
Advance premiums .
42,949
36,961
Accounts receivable.
221,469
84,240 Due J . D . Spreckles&
B ro. Co.—
Cash ............ ...........
3.77S
3,061
Current accounts. 597,297
310,883
Bonds purchased....................
5,815
______
16,704
M iscellaneous..........
8.956
3,610 Risdon I.& L o co .W k s
______
8,458
D e fic it ______________ 2.320,050 1.910,479 ! Union Iron W orks . .
T o t a l _________________________ 6.902.2976,641,0451
T o t a l _____________6,902,297 6,641,045

Concerning default on interest due July 1 1906, see a sub­
sequent page.— V. 82, p. 755, 574.
Central Coal & Coke Co.. Kansas City.

93

the investor who is not a stockholder we suggest
around par whenever obtainable.

the purchase now

Statistics for calendar Years.
1905.
1904.
1903.
Capital stock--------------2 ,6 3 5 ,6 0 0 $ 2 ,257 ,30 0 $2 ,196,000
Gross income............ .. 1,361,157
1,166,416
1,049,907
276,598
Net incom e............... ..
259,980
192,597
D iv id e n d s------------------6%
6%
6%
Surplus (year) to cap5 .2 %
ta l-------- -------------------5 .5 %
3 .5 %
Subscribers___________
35,866
27,051
23,431
Gain in subscribers___
31%
1 6 .1 %
21.4% ,
Capital per subscriber
$73
$83
$93
Gross to cap. stock ___
5 1 .6 %
5 1 .6 %
4 6 .1 %
Total surp. to Capital18%
1 4 .9 %
9.6% ,
1 0 .3 %
Reserve to capital____
12 %
18.2% ,
3 0 .8 %
Maint. to gross earns.
36%
4 1 .5 %
Maint. to property___
H .7 %
1 5 .9 %
1 8 .7 %
Gross earnings per sub­
$37 90
scriber .........................
$44 80
$43 10

1902.
$1 ,8 0 0 ,0 0 0
905,660
168,441
6 %,
3.8 % ,
19,773
30.3% ,
$91
50.3% ,
1 8 .5 %
1 3 .3 %
4 0 .8 %
1 3 .2 %
$ 4 5 80

The company operates under the Bell patents in the State
of Nebraska and Pottawattomie County, Iowa. On Dec. 31
1905 it had under operation 3,870 miles toll pole line and
18,713 of toll line wire. The American Telephone & Tele­
graph Co. holds a majority of the stock— on Dec. 31 1905
$1,537,200, or 58.33% .— V. 82, p. 695, 456.

GENERAL

I N V E S T M E N T N EW S .

RAILROADS, INCLUDING STREET ROADS.

(Report for Year ending June 1 1906.)
Anderson (S. C.) Traction Co.— Status.— President J. A.
President W. C. Perry, in a circular accompanying a
notice of the annual meeting held July 4, says in substance: Brock, Anderson, S. C., on June 7 confirmed the following
from the “ Manufacturers’ Record” :
The coal business has been considerably better during the present year
than in the preceding year, despite labor troubles which closed the mines
April 1 and kept them so until the middle of June. W hile the new wage
scale will increase the cost of production, it is believed that in the coming
year the earnings from the coal department will not be materially less
than during the past year. The lumber business was satisfactory, and.
like coal, in favorable contrast to the preceding year. The demand for
lumber has lately slackened, and a natural softening of prices has ensued.
Still it is the judgment of the management that the earnings of the current
year (1906-07) will about equal the record of the last one. The bonded
debt was increased on account of the. purchase of timber lands in Texas
$1 76 ,0 00 , making the funded debt $ 2 ,3 6 5 ,0 0 0 .
R E S U L T S O F O P E R A T IO N S F O R Y E A R E N D IN G J U N E 1.
------------ -190 5-06--------------------------------1904-05
Department—
Gross.
N et.
Gross.
N et.
$289,994
$191,562
Wholesale c o a l-----------$1,153 ,29 7
$1 ,156,843
Retail c o a l ___________
7,009
82,417
112,460
25,346
1,974
35,624
1,833
Wichita c o a l_________
31,256
1,532
14,041
S t. Joseph coal_______
1,155
14,246
3,849
loss 450
Omaha coal___________
20,325
14,453
Salt Lake City c o a l..
25,420
3,868
6,637
loss 3,223
133,391
M in in g________________
153,725
74,199
224,345
160,459
190,241
Mining s to r e s ________
_______
137,567
Wholesale lumber____
1,0 61,7 45
415,630
763,547
116,477
198,221
Carson m ill___________
760,005
572,381
84,399
89,697
Keith m i l l - . . ________
527,507
562,576
7,050
24,000
Interest and exchange
Miscellaneous________
56 ,6 1 0
76,380
$1,304 ,41 8

T o ta l________________

IN C O M E A C C O U N T ,
1905-06.
Net earnings as above___________ . . $1 ,304 ,41 8
Deductions—
R oyalty credited coal lands____
$94,069
R oyalty credited timber lands .
198,950
Depreciation mine properties___
40 ,000
Depreciation mill properties____
391739
71,517
General expense--------------------------125,011
Interest on bonds________________

$984,353
1904-05.
$984,353

1903-04.
$1 ,536 ,09 5

$126,199
156,701

$147,946
174,236

76,537
131,652

86,083
140,702

Dividends on pref. stock (5%ji:
Dividends on com . stock (6 % ).. . .

$569,286
$735,132
d 9 3,750
d307,500

$491,089
$493,264
d $ 93,750
»d307,500

$548,967
$987,128
d$93,750
d.307,500

--

dS333,882

d$92,014

d $585,878

--

d These items have been supplied; they do not appear in the reports.
W hat other deductions or credits there were we do not know .— E d .
A S S E TS A N D L I A B I L I T I E S J U N E 1.
1906.
1905. I
1906.
S
5
Liabilities—
S
4,102,775 4.62.3,56.3 i Common stock. 5,125,000
2,267.332 1,304,332 |Preferred stock. 1,875,000
I U n d ivid ’d profits
923,911
1,019.823
1,789,241 Bonds__________ 2.365,000
299,271
308,389 Audited b ills . ..
34,206
49,936
55,268 Sundry accounts
256,284
52,780
56,415 Pay-roll balances
32,924

A ssets—
Coal lands_____
T im ber lands___
Coal shafts and
b u ild in es____
Saw mills&impts
Yards < equlp't
fc
Personal p rop'ty
Mo. & La. R R .
Co. stock____
150,000
Stocks & bonds
In oth. co’s ..
30,101
Accts. for coll'n . 1,143,700
614,399
In v e n to rie s ____
Cash .............. ..
169,317
S iik ln s fund___
91.667
Misc. balances-.
21,225

1905.

s

5.125.000
1.875.000
742,408
2.189.000
49,597
305.985
73,460

150,000;

The company is rapidly building the first section (Anderson to B elton,
10 miles) of an interurban railway which will eventually connect Anderson
with Greenville, S. C., 35 miles. In the city there is already a directcurrent railway. Complete station apparatus and motor equipments
for single-phase operation have been ordered for the extension. Power
will be purchased from the Savannah River Power Co.

Capital stock authorized, $280,000; subscribed, $150,000;
outstanding, $36,000; par of shares, $100. No bonds.— V.
82, p. 99.
Atlantic Quebec & Western Railway.— Bond Issue.— A
press dispatch from London, England, states that this com­
pany is about to issue £750,000 5% mortgage bonds at £95
or £100 bonds. See V. 81, p. 612, 210.
Baltimore & Ohio RR.— Payment of Loan.— It is under­
stood that the company anticipated last week the payment
of the $9,000,000 6% loan negotiated by the National City
Bank April 13 and due July 17. A considerable amount of
the second instalment on the new issue of $27,500,000
common stock, payable July 16, it is stated, was paid in
advance, placing the company in possession of ample ready
cash.— V. 82, p. 1436, 1435.
Biloxi (Miss.) Electric Railway & Power Co.— Sold— Bonds
Assumed.— See Gulfport & Mississippi Coast Traction Co.
below.
Bolivia (S. A..).—Projected Railroads— Negotiations.— The
Bolivian Government is negotiating with American capital­
ists for the construction of some new railroads for the de­
velopment of the mineral resources of Bolivia. Towards the
new enterprise, estimated to cost some $25,000,000, the
Government will contribute about one-half and will exempt
the road from all taxation for twenty-five years. It will
further aid the project by giving the railroad company an
option, to be exercised not later than 1909, on public lands,
to be selected anywhere where such lands exist, at the
present valuation of 1 ^ cents an acre. The American interests
are represented by the National City Bank and Speyer & Co.
The project is described in the “ Engineering and Mining
Journal,” issue of July 7.
Boston Elevated RR.—New Subways Authorized.—A bill
recently passed by the Massachusetts Legislature and signed
by Governor Guild on June 23 permits the construction of
two subways in Cambridge, one through Massachusetts Av.
to Harvard Square,
miles, must be completed within
4 years from the time plans are approved, and the other
through Cambridge St., East Cambridge, to Harvard Square
may be built later. The bill provides:
These
subways
are to be built by the Boston Elevated.
The company may issue stock or bonds to meet the cost of
the construction, and at the end of 20 years the city of Cambridge may
purchase the subways by paying the company the cost of their construc­
tion plus 7% annual interest.—-V. 82, p. 217, 98.

20,0001
1,205,184
518,042
234,599
91,667
3,749

Calumet Electric Street Ry.— N e w R e c e iv e r .— Ira M. Cube
was on July 10 appointed receiver for the company in place
of E. A. Porter. Sec V. 82, p. 1378, 1210.
Nebraska (Bell) Telephone Co.
Canton-Akron (Electric) Ry. — S e c o n d M o r t g a g e . — A sec­
(Statement for Year Ending Dec. 31 1905.)
ond mortgage has been filed to the Citizens’ Savings & Trust
J. W. Bowen & Co., 25 Exchange Bldg., Boston, send us Co. of Cleveland, as trustee, to secure an issue of $300,000
the following as an addition to our compilation of the reports 5% gold bonds of $1,000 each, all outstanding. These bonds
for the Bell companies which were published in the “ Chroni­ are dated May 1 1906 and mature May 1 1909, but are sub­
ject to call on any interest date at 101 and interest; interest
cle” of June 16.
The company has paid dividends of 6 % regularly since 1895 and it has payable May 1 and Nov. 1 at office of trustee.— V. 82, p.1437.

F T o t a l ----------10.612.325 10,360,4511
— V . 82, p. 1499.

T o t a l ............. 10,612,325

10,360,451

averaged this rate since organiaztion. For the last five years it has
earned from 9 .5 % to 1 1 .2 % upon the stock. There are neither bonds
nor preferred stock. There is in property $128 30 for every share of
stock of $100 par value. The. growth in subscribers was 3 1 % for 1905
and the number has increased from 15,169 to 35,866 in five years. The
total income per subscriber has been steadily reduced from $49 70 in
1901 to $37 90 in 1905; and yet, paying less, the subscribers can reach
more than twice as many people as in 1901. The company is now
(March 1906 ; offering stockholders one new share at par for each three
shares held, and we urge stockholders to take all they are entitled to; to

Central of Georgia Ry.— P r o p o s e d L i n e fr o m A tla n ta to tl ■
G u l f . — See Georgia Central < Gulf Ry. above.
fc
C o a l P r o p e r t i e s . — See Gulf Coal & Coke Co. under ' In ­

dustrials” below.— V. 83, p. 36.
Central Market
T r a n s f e r r e d .— The

Street

Ry., Columbus, O .—

Operation

operation of the road, we understand, wu~
turned over by the Schoepf syndicate at midnight on June 30

94

THE CHRONICLE.

[T ol. J .ix m i,

to th e C olu m b u s R a ilw a y & L ig h t C o . u nder an o p e ra tin g ' W e have also ordered a survey from Lee, Mass., through the valley of
the Farmington
to. the Connecticut line at or near New Hartford,
a g re e m e n t, th e R a ilw a y & L ig h t C o. to b e e n title d to all Conn. W e haveRiver under contract the construction of an extension of
also
su rplu s o v e r op e ra tin g expen ses an d co sts o f m a in te n a n ce . the Springfield & Eastern Street Ry. from Monson to Fiskdale, about
12 miles, connecting the Springfield & Worcester system. W e have also
N o p e rio d is m en tio n e d in the a g re e m e n t.— V . 8 2 , p . 451.
assumed an obligation to build an extension in South Monson of about
Chesapeake & Ohio Ry.— C oa l Rate R e d u c tio n . — T h e c o m ­ one-half a mile. The Bercham’s Bend extension of the Springfield
p a n y has d e cid e d to fix th e rates fo r co a l s h ip p e d to R ic h m o n d |Street Railway is nearly completed.
It is my understanding that with
an d in te rm e d ia te p o in ts as fo llo w s : F ro m the N ew R iv e r quisitions, contracts and obligations the exception of the extension, ac­
expressed above, we are not to do
d is tr ic t $1 50 (fo rm e r ly $1 60) per 2 ,0 0 0 -lb . to n and fro m anything within the Commonwealth except to maintain the properties
th e K a n a w h a d istric t $1 60 p er to n . T h e sp ecia l “ m a n u ­ in their present condition pending further legislation.
I have not alluded in
Webster and the
fa ctu re rs’ r a te ” in fo r c e s in ce J u ly 1 1905 is a b o lish e d , the Webster & Dudley street the above to the Worcester & that these roads
railway cos. for the reason
new rate on all grad es o f c o a l a p p ly in g regardless o f th e p er­ are leased to and operated by the Consolidated Railway Co. under special
son s to w h om the co a l is co n sig n e d and b e in g so m e w h a t Acts of the Commonwealth of Massachusetts, authorizing such leases.
C oos B a y R o s e b u r g & E a stern R R .— Change in C o n tro l .—
h igh er than th e old m a n u fa c tu r e r s ’ rates b u t low e r th an the
com m e rcia l rates. T h e N ew R iv e r ro u te is 12 cen ts h igh er Press a d v ic e s fr o m San F ra n cisco state th a t the S ou th ern
th an th e rate on th e sam e g r a d e o f coa l fro m th e B a ltim o re P a cific (U n io n P a cific) in terests h a v e closed th eir o p tio n on
& O h io and P e n n sy lv a n ia ra ilro a d s to B a ltim o re , th e haul this p ro p e rty .-— V . 82, p. 1322.
o v e r the C. & O . b ein g 130 m iles m o r e .— V . 82. p. 1379, 1322.
D a n v ille & S u n b u ry S treet R y .— Sold.— T h e “ P h ilad elp h ia
L is t e d . — T h e New Y o r k
S to c k E x c h a n g e has listed L e d g e r ” states th a t th is P e n n sy lv a n ia tro lle y road has been
$ 1 ,0 0 0 ,0 0 0 a d d itio n a l g en era l m o rtg a g e 4 ) ^ % b o n d s o f 1992, sold b y th e S h eriff to S im on K r e b s , a s to c k h o ld e r, fo r $2 ,1 0 0 ,
s u b je c t to a $ 60,000 m o rtg a g e .
m ak in g th e tota l listed $ 4 1 ,5 7 3 ,0 0 0 .
E a r n in g s . — F or 10 m o s . e n d in g A p ril 30 1906 earnings w ere:
D a y t o n & M u n cie T r a c tio n C o .— See M uncie & U n ion C ity
Gross earn ings. _______ .120,210,091 Fixed c h ’ges, & c.,less net
T r a c tio n C o. b e lo w .— V . 83, p. 36.
O perating e x p ., m aintein c. from oth . s o u r c e s .$4,581,757
D a y to n & W e ste r n T r a c tio n C o .— S to c k . — In c o n n e c tio n
nance and ta x e s _____ 12,695,125
---------------Net earnings ..
7,5 14,906 j B alance, surplus
___$2,933,209
w ith th e lease o f th e p r o p e r ty to In d ia n a C olu m bu s & E astern
— V. 82, p. 1379, 1322.
T r a c tio n C o. (V . 8 3 , p . 3 7 ), th e rig h t to co n v e rt th e p re­
Chicago Milwaukee & St. Paul Ry.— P a c ific E x te n s io n ferred sto c k in to c o m m o n , it is sta te d , has been w a iv e d b y
F in a n c in g .— T h e recen t p ersisten t rep orts th a t th e S t. P a u l th e p referred sto ck h o ld e rs.
T h e c o m m o n sto ck is in creased
road was n e g o tia tin g a F rench loa n is sta ted b y C h a irm a n fr o m $45 0 ,0 0 0 to $ 9 0 0 ,0 0 0 , and o f th is in crea se, w e are in ­
R osw ell M iller to b e e rron eou s. T h e d eta ils and re q u ire ­ fo r m e d , $ 157,500 has been u sed to p a y o ff th e flo a tin g d e b t ,
m en ts n ecessary in c o n n e c tio n w ith a sale o f b o n d s in F rance and the rem a in d er, $ 2 9 2 ,5 0 0 , w ill rem ain in th e treasu ry fo r
are so cu m b ersom e th a t the c o m p a n y , it is sa id , w ill n o t b e tte rm e n ts and im p r o v e m e n ts.
T h e p referred s to c k is
u n d ertak e to n e g o tia te a sale in th a t c o u n t r y .
$ 8 5 0 ,0 0 0 . A s to g u a ra n ty o f d iv id e n d s u n d er lease, see
T h e co m p a n y is p r o g r e s s in g w ith th e w o rk o n the P acific V . 82, p .1 4 3 7 .
e x t e n s io n , co n stru ctio n b e in g u n d er w a y in S outh D a k o ta
D e n v e r & O m aha S h ort L in e R R .— H ew R a ilro a d . — T his
and a t th e P a cific en d . T h e w o rk is b e in g d on e b y lo ca l c o m ­
co m p a n y w as in c o r p o r a te d in C o lo ra d o early last m on th
p an ies org a n ized fo r th e p u rp o se u n d e r th e n am e o f C hicago
w ith $ 1 2 ,5 0 0 ,0 0 0 o f a u th orized ca p ita l sto ck (all c o m m o n ) to
M ilw au k ee & St. Paul R a ilw a y o f th e re sp e ctiv e States
op e ra te a n ew line b e tw e e n O m aha and D en v er , a d istan ce
th rou g h w h ich th e roa d w ill r u n .— V . 82, p . 1496.
o f a b o u t 500 m iles, the r o u te , it is cla im e d , b e in g m a teria lly
Chicago Union Traction Co.— D e fa u lt. — “ O w ing to the sh orter than th a t o f a n y e x istin g lin e. A p rosp ectu s cited
u n settled co n d itio n o f th e tra ctio n situ a tion in C h ica go” the b y th e “ D en v er R e p u b lic a n ” o f J u ly 4 states th a t o p tio n s
c o m p a n y a llow ed the $ 1 ,5 0 0 ,0 0 0 5 % b o n d s o f the N orth h a v e b een o b ta in e d fo r eith er the p u rch ase or use o f the
C h ica g o R R . d u e Ju ly 1 to g o u n p a id . It is u n d erstood th a t p r o p e r ty o f the C olo ra d o & E a stern R R . , a n arrow -gau g e
the b o n d s will b e p r o v id e d fo r as so o n as th e local lin e , 17 m iles in le n g th , w ith v a lu a b le term in a l p rop erties
tr a n s p o rta tio n m atters h a v e been s e ttle d .— V . 82, p . 1322, and fra n ch ise in D e n v e r.
It is sta ted th a t v e r y easy grades
1268.
ca n b e fo u n d and th a t the e x istin g bu sin ess o f th e co u n tr y
Cleveland Cincinnati Chicago & St. Louis Ry.— Im p ortan t and the traffic to b e d e v e lo p e d b y th e n ew road fu lly ju stifies
R eco n stru ctio n W o r k . — In the “ R a ilw a y A g e ” o f J u ly 6 w ill its c o n stru ctio n .
A c o n stru ctio n c o m p a n y w ill be orga n ized
b e fo u n d a sev en -p a g e illu s tr a te d a rticle rega rd in g som e o f to b u ild the ro a d . T he d eta ils as to th e b o n d s to b e issued
the im p o r ta n t im p r o v e m e n ts “ w h ich w ill e v e n tu a lly m ake h a v e n o t y e t been d ete rm in e d u p o n .
H . B . H ollin s & C o .,
th e co n s tr u c tio n o f the m a in lin es as n ea rly p erm a n en t as N ew Y o r k , are p r o m o tin g th e en terp rise.
T he n ew line w ill
p ossib le and in all cases g iv e ea sy grades and v e ry little co n n e c t a t D e n v e r w ith th e D e n v e r N orth w estern P acific
c u r v a tu r e .” — V . 82, p . 9 2 6 , 751.
n o w u n d er co n stru ctio n to Salt L a k e C ity and p resu m a b ly
Columbus (Ohio) Railway & Light Co.— R a tes H e ld C o n ­ d estin ed to ex ten d to the P a cific C oast. R ussell H a rd in g ,
re ce n tly V ic e -P r e sid e n t o f th e C in cin n a ti H a m ilton & D a y fis c a to r y . — T he sp ecial m aster a p p o in te d b y the C ircu it C o u rt
to n R R . , has taken a c tiv e ch arge o f th e plan s fo r c o n ­
o f the U n ited States fo r th e S ou th ern D is trict o f O h io , E a s t­
str u c tio n .
ern D iv is io n , re ce n tly ren d ered his r e p o r t, in w h ich he r e c o m ­
D y e r s b u r g N o rth e rn R R .— M o r tg a g e . — T he sh areh olders
m en d ed th a t th e in ju n c tio n restra in in g th e e n fo rce m e n t o f
the o rd in a n ce o f Juljr 5 1904, w h ich fixed th e m a x im u m rate w ill m eet at the office in D y e rsb u rg , T e n n ., on Ju ly 15, to
fo r e le ctricity fo r lig h tin g p u rp o se s at 5 cen ts per k ilo w a tt- v o t e u p on m a k in g a m o rtg a g e to secu re an issue o f b o n d s.
T h e c o m p a n y was in c o r p o r a te d in D ece m b er 1904 to b u ild
h o u r be m ad e p erp e tu a l.
Prior to that tim e th ere was no rate-fixing ordinance, the ordinance in fr o m D y ersb u rg on th e Illin o is C entral n orth erly to T ip to n question having been passed under the provisions o f an A ct of the Legis­ v ille on th e M ississippi R iv e r , 30 m iles.
lature o f 1904 giving city councils the right to regulate rates for light,
E v a n sv ille (I n d .) E le ctric R y .— P u rc h a se . — See E va n sv ille
w ater, &c. The m axim u m rate charged in 1904 was 10 cents, but the
co m p a n y , in order to m eet com petition , fixed a volu ntary m axim um & P rin ce to n T r a c tio n C o. b e lo w .— V . 82, p . 1101.
rate o f 5 cents in certain quarters o f the city , while in others its m axim um
E v a n sv ille & P rin ce to n T ra ctio n C o.— S a le . — A
press
rate varied betw een 5 and 10 cents. The m asteij held that under the
ordinance 7 5 % of the co m p a n y ’s custom ers w ould receive their light, at d isp a tch fro m P rin ce to n on June 30 said:
cost or less than cost, after in clud ing proper charges for depreciation,
and that it is therefore u ncon stitu tion a l, as it w ould deprive the com ­
plainant of its property w ithout due process o f la w .— V . 81, p . 1S48.

Consolidated Ry.— S tatu s o f M e r g e r , E t c . , P la n s . — P resi­
d en t M ellen o f th e N ew Y o r k N ew H a v e n & H a rtfo rd R R . ,
w h ich co n tro ls th is c o m p a n y , o n June 28 sent a letter to the
M assachusetts H ou se o f R e p r e s e n ta tiv e s resp ectin g th e b ill
(since k illed ) to fo rb id M a ssa ch u setts ra ilroa d s fr o m o w n ­
in g street railw ays w ith in th e C om m o n w e a lth .
In this
letter P resid en t M ellen g iv e s th e fo llo w in g fa cts regardin g
th e status and p lan s o f t h e C o n so lid a te d R y .
The follow in g street railway com panies are indirectly in the control
o f the Consolidated R ailw ay Co. through the ownership b y the latter of
shares in volu n ta ry associations, which in turn control these shares di­
rectly or in directly o f the com panies m entioned: Berkshire Street R y .
C o ., Springfield Street R y . C o., W orcester & Southbridge Street R y .
Co. and W orcester & Blackstone V alley Street R y . Co.
The follow ing transactions have been com pleted excep t for the de­
livery o f the shares involved: (1) The Springfield R ailw ay Cos. have
agreed to purchase the m a jority o f the shares o f the W oron oco Street R y .
C o.; (2) the W o ro n o co Street R y . Co. has agreed to lease the W estern
Massachusetts Street R y . C o.; (3) the Springfield Street R y . Co. has
agreed to lease the W o ro n o co Street R y . C o.; (4) the m ajority o f the
shares of the W orcester Railw ays & Investm ent Co. has been contracted
for for purchase b y a volu n ta ry association, w hich in turn is controlled
b y the Consolidated R ailw ay Co. N o other purchases have been m ade.
N o other agreem ents to purchase any properties of any description will
be m ade and our obligation therefore is n ot to purchase or con trol,
directly or in directly, any com panies other than those above-m entioned.
The Consolidated R ailw ay Co. has agreed to furnish the capital for the
con stru ction o f the Bennington & N orth Adam s Street R y ., w hich con ­
nects w ith the Berkshire Street R y . at the State line. T he Berkshire
Street R y . Co. has com m itted itself to the construction of an extension
from Great. Barrington to the C onnecticut State line at or near Canaan,
either via South E grem ont, or directly from Great Barrington to Shef­
field. W e have under survey a line from the Massachusetts State line
at or near Canaan con necting w ith the Berkshire Street R y . through
H artsville to M onterey; also a con nection betw een the W estern Massa­
chusetts at H untington and the Berkshire Street R y . C o . at L ee. Ma'ss

T h e d irectors here to -d a y v o te d to tran sfer the com p a n y to the Murdock-M arshall interests o f L a fa y e tte , In d . (w h ich con trol the E v a n s v ille
E lec tric R y . — E d .).
A t E v a n s v ille to -d a y a suit w as filed b y several
m en w ho claim th e y ow n 4 9 % o f th e stock , asking that the directors be
enjoin ed from tran sferrin g the stock

T he E va n sv ille P rin ceton & V in cen n es In teru rb a n has
assum ed co n tro l o f the p r o p e r t y , an d , it is said , w ill at on ce
close the ga p b etw een P rin ce to n and V in cen n es, “ th ereb y
m a k in g a th rou g h line fro m E v a n sv ille to T erre H a u te .” —
V . 82, p . 1379.
E v a n sv ille P rin ce to n & V in ce n n e s In teru rb a n R y .— In
P o s s e s s i o n . — See E va n sv ille A P rin ce to n T ra ctio n Co. a b o v e .
F o r e s t C ity R a ilw a y , C le v e la n d .— “ G u aran teed” Stock
O ffer e d .— T his 3 -ce n t-fa re c o m p a n y is offe rin g at $90 a share
(p a r $100) $400,000 o f its c o m m o n s to c k , w h ich is d escrib ed
as “ full p a id , non-assessable and n o n -ta x a b le , and gu aran ­
teed cu m u la tiv e 6 % d iv id e n d ,” u n d er a 5 0-y ear lease b y the
M u n icip a l T r a ctio n C o ., a c o m p a n y c a p ita lize d at $10,000.
T h e to ta l sto ck o f the F orest C ity R v . is $ 2 ,0 0 0 ,0 0 0 , o f
w h ich th ere is “ to b e sold at o n ce to c o m p le te road u n d er
c o n stru ctio n $750,000; to b e held in th e treasu ry fo r e x ­
te n sio n s, $ 1 ,2 5 0 ,0 0 0 .”
“ U n d er term s o f lease no b o n d s or
preferred sto ck shall ever b e issued. ”
T he p rosp ectu s says:
The Forest City Railway Co. has been chartered under the laws of Ohio to own
and operate a street railway in and about Cleveland. Its capital stock is S2.000,000 but this shall only be sold as actually required for construction and equipment
The' company now owns a 20-year franchise for 13J miles of double-track road
4
extending from the Public Square across the Viaduct, to Detroit Av., to Fulton
Road to Denison Av., and on Denison Av. from West 25th St. (PearO to Lorain
Av 'More than half of this track is already laid and the remainder of the work is
being pushed with all speed. The company has executed a lease cover.ng all its
franchises r.ghts and property to the Munic.pal Traction Co., which will operate it.
The Municipal Traction Co. is a corporation organized under the laws of Ohio
with a nominal capital stock of 810,000. This stock shall be held by the board of
directors and officers of the Municipal Traction Co. These men agree to own no
stock in the Forest City Railway Co. nor in any other traction company operating
n or about the city of Cleveland. The lease provides for the payment of a rental

J u l y 14 1906. |

THE CHRONICLE.

that will ensure the stockholders of the Forest City Railway 6% cumulative dlvl
dends on par from the date of payment, and no more. (The leasee covenants to
pay as rental'S120.000 per annum, in quarterly instalments beginning Jan. 1 1907
and in addition all taxes and other expenses of operation, Ac. Ed.) The Municipal
Traction Co. shall devote any surplus earnings, after paying operating expenses,
to the extension of the system, bettering the service and acquiring the property
of the Forest City Ry. Co. This purchase will be accomplished under the option
embodied in the lease by which stock may be retired on demand at a rate of not
more than SI 10 on the dollar. The directors of the Municipal Traction Co. will be
Edward Wiebenson, Frederic C. Howe, A. B. du Pont, William Greif and Charles
W. Stage.
.............................................................

The first issue o f s to ck , it is a n n ou n ced , has been o v e r­
su b scrib ed .— V . 82, p . 1437.
Georgia Central & Gulf Ry.— P rop osed N ew L in e for C en ­
tral of Georgia R y .— T his co m p a n y was in co rp o ra te d in
G eorgia on June 30 in the interest o f the Central o f G eorgia
R y . for the purpose o f b u ildin g an exten sion from A lb a n y ,
G a .. via Q u in cy , F la ., to A p a la ch ico la , 157 m iles, affording
the Central a line from A tla n ta v ia M acon and A lb a n y to
the G ulf o f M exico. It is reported unofficially that con stru c­
tion w ill begin im m ed ia tely . T he in corp ora tors are nearly
all officials o f the Central o f G eorgia, and in clude President
J. F . H anson; A . R . L a w to n , F irst V ice-P resid en t; W . A .
W in b u rn , Second V ice-P resid en t; T . M. C unningham ,
Treasurer, &c.
.J U u J lJ ' iPl '
Georgia & Florida Ry.— In corp ora ted .— T his ^ com p a n y ,
con trolled b y John S kelton W illiam s and associates, has re­
ceived a charter in G eorgia; authorized cap ital sto ck , $1,000.000. C om pare V. 82, p. 1211.
Goffs Falls Litchfield & Hudson Street Railway.— M o r t­
gage .— The m ortgage recen tly filed to the A m erican L oan &
T rust C o ., B oston , as trustee, replaces th at m ade in 1903,
and secures an issue o f $300,000 5 % gold b o n d s, o f w hich
$200,000 are ou tstan din g; guaranteed p rin cip a l and interest
b y the M anchester (N . H .) T ra ctio n L igh t & P ow er Co.
B onds dated June 1 1906 and due June 1 1926; d en om in a ­
tion SI ,000; in terest p a ya b le D ec. 1 and June 1 at office o f
tru stee.— V . 83, p . 37.
Gulf & Ship Island RR.— Independent Electric F ee d e r .—
See G u lfp ort & M ississippi Coast T ra ction Co. b e lo w .— V . 82,
p . 1212, 160.
Gulfport & Mississippi Coast Traction.— -N ew L in e — B o n d
I s s u e .— The com p a n y is n ow op era tin g its line from G u lfport
to B ilo x i, M iss., 13 m iles, and is b u ildin g in the op p osite
d irection from G u lfport to Pass C hristian, M iss., 10 m iles.
The com p a n y b ou g h t o u t the plants fo rm erly ow n ed b y the
B ilox i E lectric R a ilw a y & P ow er C o ., assum ing the p aym en t
o f their 6 % b on d issue o f $200,000; also the unen cu m bered
plan t o f the G u lfp ort D evelop m en t Co. at G u lfp ort, Miss.
T he w hole p rop erty is n ow cov ered b y a first m ortgage b on d
issue o f $1,000,000, su b je ct o n ly to the $200,000 lien on that
part o f the p rop e rty purchased fro m the B ilox i E lectric
R a ilw a y & P ow er Co. “ T he G ulf & Ship Island R R . Co.
(V . 81, p . 1171) does n o t ow n an y o f the sto ck o f the T ra ction
C o. n or is it interested in it in an y w a y e x ce p t th rou gh the
traffic arrangem ents w h ich m ay arise b y the con n ection o f
the tw o lines at G u lfp o r t.”
The company was incorporated in Mississippi in 1905 and lias the right
to furnish electric light and power as well as trolley service. Capital
stock SI ,000,000, all of one class and all outstandingfpar of shares §100.
The first mortgage is made to the Hibernia Bank & Trust Co. of New
Orleans, as trustee, and secures §1,000,000 of 6% gold bonds of §1,000
each, all outstanding; dated Sept. 30 1905 and due Sept. 30 1935, without
option of earlier redemption; interest payable Jan. 1 and July 1 at office
of trustee. The only underlying bonds are §200.000 Biloxi Electric
Railway < Power Co. first mortgage gold 6s dated 1903, due 1923,
fc
but subject to call at 106 and interest; interest payable in January and
July at aforesaid trust company (denomination §100, §500 and §1,000).
The officers are J. T. Jones) President, and H. C. Elder, Secretary,
both of Gulfport, Miss.; Treasurer, E. A. Durham, Sistersville, W. Va.;
R. E. Powers, Auditor, 1024 Prudential Building, Buffalo, N. Y.
Hartford & Connecticut Western RR.— N ew S tock . — The
shareholders will m eet at the office o f the Central New E n g­
land R a ilw a y in H a rtford July 24 to con sid er a p ro p o sitio n
to increase its capital stock b y 2,500 shares o f par valu e o f
$100 each , and to offer the same to the stock h old ers at par
in p rop ortion to their respective h oldings o f stock . The
present ou tstan d in g stock is $ 2 ,714,000, o f w h ich $1,390,000
is ow n ed b y the Central N ew E ngland R y ., con trolled b v
the N . Y . N. H . & H . R R . C o .— V . 76, p . 1084.
Hepburn Act.— F u ll T e x t .— T he “ R a ilw a y A g e ” o f July 6
con tain s the full te x t o f this im p orta n t A ct. See “ R a ilroa d
R a te B ill,” V . 83, p . 38, and rem arks in editorial colum ns
o f this issue.
Hocking Valley Ry.— Stock A d ju stm en t P la n .— T he plan
for the exch ange o f K an aw ha & M ichigan stock for 6 0 %
in H ock in g V alley com m on stock and the red em p tion o f the
preferred stock o f the latter has been a p p rov ed b y the
d irectors, b u t before annou n cem en t the form a l a ction o f the
directors o f the five railroad com pan ies w ho con trol the
H ock in g V alley is being secured. This naturally takes tim e
b u t it is ex p ected th at the plan can b e carried o u t b y Sep­
tem ber. T he H ock in g V alley preferred can b e called at
any tim e for paym en t. T he holders will be given the op tion
o f cash or 110 in new 4 % b on d s. See “ C h ron icle” June 2,
p . 1268.— V . 83, p. 37.
Illinois Traction Co.— Guaranteed B o n d s. — Sec P eoria R y .
in V . 83, p . 3 8.— V . 82, p . 805, 280.
Indiana Union Traction Co.— L ea se . — See M uncie H artford
& F ort W ay n e R y . b elow .
Purchase — G u a ra n ty .— See M uncie & U nion C ity T raction
Co. b e lo w .— V . 83, p. 37.
Indianapolis & Cincinnati Traction Co.— Reorganization
C om m ittee .— T his p rop erty having been placed in receiv er’s

95

hands, as stated last w eek, the
com m ittee has been ap p oin ted :

follow in g reorg an ization

Theodore F. Rose and Frank C. Ball of Muncie; W . J. Alford, Ander­
son; Joseph F. Shea, Seymour, and J. F. Wild, Ferdinand Winter and
Claude Cambern. Compare V. S3, p. 37.
In te rb o ro u g h -M e tro p o lita n C o., N ew Y o r k .— Mortgage .—

This co m p a n y has m ade a $500,000 5 % m ortgage to the
A m erican M ortgage C o ., as tru stee, cov erin g property at
10th A v . and 218th St.
Reported D issolu tion of P o o l .— T he syn d icate organized for
the purpose o f su p p ortin g the m arket price at or ab ou t 50
(V . 82, p. 1496) is generally b e lie v e d to have been d issolv ed ,
and the break in the p rice on July 10 is a ttrib u ted b y som e
to liq u id a tio n b y m em bers o f the p o o l.
R en ta l .— See T hird A ven u e R R . b e lo w .— V. 82, p. 1496,
1438.
J ack son (T e n n .) R a ilw a y & L ig h t C o .— Successor C o m ­
p a n y .— T he L ou isville sy n d ica te , in cluding A ttilla C ox,
H arry W eissin ger, S. S. B ush, Sam C ulbertson and W . B otts,
V ice-P resid en t o f the C olu m bia Finance & T rust C o ., and
others, w h ich recen tly purchased the electric railw ay and
oth er electric u tilities o f Jack son , T e n n ., has in corp orated
this com p a n y under the laws o f Tennessee w ith $600,000
capital stock . T he com p a n y will bu ild a new pow er plan t,
will increase the m ileage o f the trolley road from 3j/£ to 11,
and will bu ild a suburban line three m iles in length to
B eem is. D etails o f b on d issue, if a n y , n ot fu rn ish ed. The
franchise o f the Jackson S uburban Street Car Co. & L ig h tin g
was recen tly exten d ed fo r 31 years from M ay 1906.
K ansas C ity M e x ico & O rient R y .— C on struction. — The
St. L ouis “ G lobe D e m o cra t” q u otes V ice-P resid en t D ick ­
inson as saying:
The 619 miles of road now in operation will be increased to 1,100 miles
soon after Jan. 1. In Mexico half of the territory is now covered with a
com pleted line, 325 of the 635 miles being now finished. The tonnage
is in sigh t for this new road, and it will be heavy. The local business will
be the strong feature, for we do not have to cross any barren wastes like
some of the transcontinental lines. Sonora is to Mexico what California
is to this country. The State is 350 b y 80 miles, with eleven rivers
crossing it, so that the whole can be irrigated. N inety-seven varieties
o f hardwood are to be found, and all kinds o f tropical fruit. Green corn
and strawberries can be had every day in the year. Sisal, similar to our
hemp, returns 10% on a valuation of §300 per acre. In Sonora may be
found 4,000,000 acres o f anthracite coal, which will give us a heavy
volum e of tonnage.
The H am burg-Am erican line has made a contract with us for steamers,
which will be placed in service as soon as our line is com pleted. W e shall
also have a direct line of steamers to the Orient. All the work under
contract is progressing satisfactorily at every point.

A tech n ical p aper says th at on e o f the largest railroad
bridges in the entire S ou th w est is that recen tly com p leted
b y the co m p a n y near T h om as o v e r the C anadian R iv e r .
“ T he b rid ge has 21 spans and co st m ore than $ 8 0 0 .0 0 0 .” —
V . 82, p. 805.
K ansas C ity T erm in al R a ilroa d A s s o c ia tio n .— Chartered. —
This org a n iza tion was chartered at Jefferson C ity , M o., on
July 11, w ith a ca p ita l sto ck o f $3 0 ,0 0 0 ,0 00, b y representa­
tives o f the ten railroads en terin g K ansas C ity , in con n ection
w ith their plans fo r b u ild in g a large u nion passenger term inal
and d e p o t. T he presen t U n ion D e p o t C o. w ill go ou t o f
business, b ein g su cceeded b y the new a ssociation , w hich is
organized on lines sim ilar to the Term inal R ailroad A ssocia­
tion o f St. L ouis. A m ortgage will b e au th orized , o f w hich
$13,000,000 w ill be requ ired to p a y fo r the land and term inal
facilities and to erect a u n ion passenger sta tio n , the latter
estim ated to co st a b o u t $3,500,000. A further a m ou n t o f
$4,000,000 b on d s under the m ortgage will be reserved to pay
for the K ansas C ity B elt R y . and to retire its ou tstan din g
b on d s. There is no freigh t term inal p ro p osition in volv ed
in the present plan .
A special d isp atch to the “ St. L ouis G lobe D em o cra t” says:
The com pany proposes to acquire and com tru ct a standard-gauge rail
road, with orie or m ore tracks, to be operated in the counties of Jackson
and Clay, crossing the Missouri River into Clay County, to a connection
with the Chicago Burlington & Quincy, 10 miles, and also to acquire a
line of railroad in W yan dotte County, K a n ., the fine so acquired to form
a continuous line w ith the road to be constructed. Besides this line of
railroad the com pany is to build a new union station, to be fitted for
passengers and with offices. This building, it is stated by the attorneys
is likely to be located at 20th St. and Grand A v ., in Kansas City, and one
of the roads to be acquired is the Kansas City Belt, which now has six
tracks.

Incorporators.

B . L. Winchell, Pres. C .R .I.& P .R y . jw. B. Scott, Union Pacific IIP .
J .W .K en d rick , 2d Y .-P . A . T .& S .F . IF. A. Delano, Pres. AVabash R R .
A . J. Earling, Pres., C. M. & St. P. |D. W illard, 2d Vice-Pres. C. B. & Q.
S. M. Felton, Pres. Chic. < Alton. |C. S. Clarke. A'ice-Pres. Mo. I’ac,
fe
A . J. D avidson, Pres. St. L . & S. F. | .A .A llen ,V .-P .& G en .M . M .K .& T .
A
J. M. Egan, General Manager of Association property.
Lake Shore E lectric R y ., C lev ela n d .— N ew B o n d s . — This

co m p a n y , it is rep orted , w ill sell $500,000 o f an issue o f
first m ortgage 5 % 30-year b on d s o f the Sandusky F rem ont
& S ou th ern, p rin cip a l and in terest gu aranteed b y the Lake
Shore E lectric.
“ It is the in ten tion to bu ild the SanduskyF rem on t end this fall and have the entire road com pleted
b y June 1907. T he new line will be 57 miles lon g, v iz .:
Sandusky to F rem on t, 21; F rem on t to Tiffin, 16; F rem on t to
F ostoria , 20. T he road will co st $1,500,000.
T he co m p a n y , it is sa id , is also likely to m ake an issue of
bon d s to co v e r the con solidated L orain Street and A von
Beach & Southern trolley lines. T he m ortgage, it is sug­
gested , m ay be lim ited to $2,0 0 0 ,0 0 0 , $750,000 to be reserved
for underlying issues and $500,000 to be sold w ithin the next
year to p a y for the b u ildin g o f th e A von Beach & Southern
and the purchase o f the Lorain Street R y . The com pan y
m ay also sell later in the year $500,000 or thereabouts of
general m ortgage b on d s on a ccou n t o f new rolling stock ,
dou ble-trackin g and a ddition s to its pow er plant.

96

THE CHRONICLE.

In rep ly to ou r in q u iry a b ou t the foregoin g
S ecretary-T reasurer F . W . Coen July 5 w rote:

[Y o l . l x x x iii.

m atters,

this w eek, we are in form ed th at it is n ot official, and it is
n ot p ossible to state officially at this tim e w hether it is a ccu ­
Certain portions of the article referred to are somewhat problematical. rate enough fo r p u b lica tion in a financial new spaper.
We are working on the Sandusky Fremont & Southern road and hope
Trolley P la n s .— See C onsolidated R y . a b ove for P resident
to begin construction work there in the course of sixty or ninety days.
We have the matter of selling of bonds up at the present time, and we M ellen’s statem ent.
will probably close the matter during the next week. In reference to
the Lorain Street consolidation, this is a matter which has not as yet
been fully determined. We no doubt will sell some Lake Shore bonds
before the year is out on account of the large amount of construction
work which we are doing, such as double-tracking, power-house extension,
new cars, &c.— V. 82, p. 805, 215.
Lima Findlay & Toledo (Electric) Ry.— M e r g e r . — See

W estern Ohio R y . b e lo w .— V . 81, p . 211.

Lehigh & Hudson River Ry.— E qu ip m en t T ru sts O ffered .—
B row n B rothers & C o ., New Y o r k , are offerin g at 993^ and
interest $400,000 eq u ip m en t trust 4 3 ^ % gold (co u p o n ) cer­
tificates o f $1,000 each , d ated M ay 10 1906, m aturing $400,000 annually on June 1 from 1907 to 1916 in clusive.
In­
terest p ayable June 1 and D ec. 1. A circu lar says:
These certificates are issued by the Pennsylvania Co. for Insurances
on Lives & Granting Annuities, Philadelphia, trustee, and are secured
by an assignment to it of a lease contract with the railway company of
standard equipment consisting of locomotives, freight, coal and ore cars,
costing about $490,000. The rentals specified are sufficient to enable
the trustee, who retains title to the whole equipment, to retire at ma­
turity the total issue of these certificates amounting to .$400,000 with
interest and charges. They are guaranteed both as to principal and
interest by the railway company. For the 1 1 months ending May 31
1906 the gross earnings were $567,562, against $433,284 in 1905, an
increase of $134,278. For the year 1904-05 the surplus over charges
was $22,023. See V. 82, p. 449.
Lehigh Valley Transit Co., Allentown, Pa.— On Philadel­
phia U n listed . — T here h ave been placed on the u nlisted de­

p artm en t o f the P hiladelph ia S tock E xch a n ge:
$1,830,000 first mortgage 5 % gold bonds due Dec. 1 1935, interest
March and September; $2,770,000 first mortgage 4 % gold bonds due
Dec. 1 1935, interest March and September; also $2,030,000 consoli­
dated mortgage 4 % gold bonds due Dec. 1 1935; also 14,597,47% pre­
ferred stock voting trust certificates and $2,782,050 common stock
voting trust certificates.—-V. 82, p. 1380, 1102.

Madison (Wis.) & Interurban Traction Co.— See M adison
T ra ctio n C o. below .

Madison (W is.) Traction Co.— B on d s Called.— The entire
issue o f $210,000 b on d s o f 1901 has been called and w ill be
redeem ed at th e M ilwaukee T rust C o ., M ilw aukee, Sept. 1.
See M adison & In teru rban T ra ctio n Co. on p . 61 o f “ Street
R a ilw a y ” se ctio n .— V . 80, p . 1174.

Manchester (N. H.) Traction Light & Power Co.— Guaran­
teed B o n d s. — See Goffs Falls L itch field & H udson Street R a il­
w ay a b o v e .— V . 83, p . 38.

Metropolitan Street Ry., New York.— R ental In crea se. —
See T h ird A ven u e R R . below.-— V . 82, p . 1269, 987.

Michigan Central RR.— M in o r ity Shareholders W ish
Larger D iv id en d s. — M in ority stock h old ers have recen tly been
brin gin g pressure to b ear to secure the d istrib u tion o f larger
d ivid en d s, the actual earning p ow er o f the ro a d , it is asserted,
bein g far in excess o f the 4 % per annum n ow distribu ted .
— V . 82, p. 1438, 1041.

Third R a il Service Between H artford and B ristol to be D is ­
continued . — T he c o m p a n y ’s th ird-rail electric cars, w h ich

have been run betw een H artford and B ristol for several
years, were taken off July 8 and the tra ck restored to its
form er use as one o f the tw o lines o f a d ou b le track for steam
trains. T his a ction was taken on a ccou n t o f com p lain ts o f
the danger o f the th ird rail, and an in ju n ction was issued
b y the cou rt preven tin g its op era tion .
N ew Station at N ew I la v e n .— T he co m p a n y , it is under­
s to o d , w ill exp en d a b ou t $500,000 fo r the con stru ction o f a
new railroad station at New H aven . T he co m p a n y ’s steam
line betw een B erlin and M eriden is also to be equ ip p ed w ith
overh ead trolley.
P rovid en ce T u n n e l .— C ontracts h ave been let for the new
tunnel line under College H ill and B row n U n iversity. There
have been issued $4,600,000 o f the T erm in al C om p a n y ’ s
bon d s (V . 82, p . 929, 693, 6 2 9 .).
A cq u isition of B lock Islan d Steamboat L i n e .— T his com ­
p a n y ’s su b sid iary, the N ew E ngland N avigation C o ., early
in June to o k o v e r the p ro p e rty o f the B lo ck Island & P rov i­
dence C o ., w h ich includes the line o f steam ships running
betw een R h o d e Island and B lock Isla n d .— V . 82, p . 1439,
1323.
N orfolk & W estern R a ilw a y .— E qu ip m en t T rusts O ffered .—B row n B rothers & Co. are offerin g on a 4 % % basis $ 4 ,0 0 0 ,000 4 % gold equ ip m en t trust certificates, $1,000 each ,
issued b y the C om m ercial T rust Co. o f P hiladelphia as
trustee, w ith the endorsed gu aranty o f the railw ay c o m ­
pan y, in fou r series o f $1,000,000 each:
Designation—
Series G.
____ May 3 ’06.
Date of lease
xEquipment Covered—
41
Freight locom otives___
H opper-bottom gon do­
las, 50 tons
____
390
B ox cars, 40 t o n s ____
Date of 4 % certificates. Mav 3 '06.
Aggregate c o s t _______ $1,026,674
Maturity $100,000 1 May 1
yearly ____________ j 1907-1916

Series U .
June 5 ’06.
8
300
600
June 5 ’06.
$1,032,371
June 1
1907-1916

Series J .
July 5 ’ 06.
25
300
400
July 5 ’06.
81,027,300
July 1
1907-1916

Series K .
A ug. 3 ’ 06.
12
895
A ug. 3 ’ 06.
81,026,759
Aug. 1
1907-1916

x Subject to slight m odification.

B on ds O ffered. — B row n B rothers early in the year pur­
chased $3,000,000 “ d iv ision a l first lien and general m ort­
g a g e ” 4 % gold b o n d s, dated July 1 1904, the unsold p o rtio n
o f w h ich tlrey are n ow offering fo r sale. T ota l au th orized
issue, $35,000,000; ou tsta n d in g, $11,000,000.
See ad ver­
tisem ent on another p a g e .— V . 82, p. 219, 510, 629.

O sw eg o T ra ction C o.— E a r n in g s. — In our “ Street R a ilw a y
S e ctio n ” fo r June 30 1906 the gross earnings o f this com p a n y
fo r the calendar year 1905 are given as $167,015 as against
$140,448 for 1904. These tota ls are erron eou s, and are th e
Missouri Kansas & Texas of Texas Ry.— C u t-O ff. — T he result o f an error o f the prin ter in inserting figures in ten d ed
fo r the 111. V alley R y . in O ttaw a under the h e a d in g " O sw ego. "
“ R a ilroa d G a zette” says:
This company is now running its through trains to and from San An­ T he actual gross earnings o f the Oswego T ra ction Co. for
tonio, Texas, by way of Austin instead of Smithville. The cut-off leaves the calendar year 1905 were $52,340 and fo r 1904 $ 4 9 ,066.—
the main line at Granger; from there to Austin, 77 miles, the M. K. & T. V . 75, p. 1355.
is used and trackage rights have been obtained over the International &
Great Northern for the 30 miles between Austin and San Marcos, where
P en n sylvan ia R R .— D escrip tion of E ast R iv er T u n n e ls .—
a connection is made with the M. K. & T. main line again. By the new See illustrated article in “ R a ilroa d G a zette” o f July 6 and
route the time is shortened about an hour.— V. 82, p. 1497, 1323.
subsequent issues.— V . 82, p . 1439, 1380.
Muncie Hartford & Fort Wayne Railway.— L ea se . — This
P ittsb u rg h J oh n stow n E b en sb u rg & E astern R R .—
c o m p a n y ’s p rop erty has been leased to the In d ia n a U nion
T ra ction C o ., and the cap ital sto ck , w h ich was form erly Charter L o s t. — A press d ispatch from H arrisburg, P a ., on
$1,000,000, has been con v erted in to $500,000 com m on and July 9 states that Judge Capp has decided in the qu o w ar­
$500,000 preferred. T he preferred sto ck is n ow 5 % cu m u ­ ranto proceedings b rou g h t b y the Commonw^ealth o f P en n ­
la tive s to ck , and the In d ian a U nion T ra ction C o., in a d dition sylvania that the com p a n y has forfeited its charter th rou g h
to the op eratin g charges, taxes and interest on the b on d ed failure to carry ou t the w ork for w hich it was issued.
R eceiver. — T he D auphin C ou n ty Court on W ed n esd ay
d e b t, pays a sum as rental equ ivalen t to 5 % on the $500,000
o f preferred stock . This p a y m en t is quarterly beginning a p p oin ted W illia m H . E arnst o f H arrisburg receiver o f the
r o a d .— V . 82, p. 569.
on O ct. 1.
S in k in g F u n d . — T he m ortgage calls fo r a sinking fund o f
P ortlan d (O re.) R a ilw a y L ig h t & P o w e r C o.— In corp or­
2 ^ % each six m on th s, w h ich w ou ld o n ly b e equ ivalen t to ated— M e rg e r. — This com p a n y was in corp ora ted in O regon
2 3 ^ % per annum , not 5 % , as stated in “ Street R a ilw a y ” on June 30 w ith $15,000,000 a u th orized cap ital sto ck (in
section . See V . 80, p . 1059.— V . 82, p. 1041, 869.
$100 shares), o f w h ich $5,000,000 is 5 % preferred, cu m u ­
’ Muncie < Union City Traction Cc.— Guaranteed B o n d s. — la tiv e after July 1 1906, w ith the righ t to share pro rata
&
T his com p a n y has been organ ized to take o v er th at part o f in all surplus profits d istrib u ted in d ividen d s ov er and a bove
the line o f th e D a y ton & M uncie T ra ction C o ., exten din g the 5 % cu m u lative d ividen d s and 6 % on the com m on stock .
from M uncie to U n ion C ity or to the State L ine betw een T he com p a n y w ill take o v e r the several electric ligh tin g ,
In d ian a and O hio. T he authorized cap ital stock is $500,000, pow er and tra ction enterprises at and near P ortlan d , O re.,
and there h ave been authorized and issued $925,000 5 % w h ich J. & W . Seligm an and Charles P ratt & C o ., b o th o f
30-year g old bon d s; trustee o f m ortgage, F id e lity T rust Co. N ew Y o r k , and E . W . Clark & C o ., P h ilad elp h ia, h ave ar­
o f P hiladelph ia. T he line purchased b y the M uncie & U n ion ranged to m erge.
T he directors (and officers) are:
C ity T ra ction Co. has been sold to the In dian a U nion T ra c­
President, H. W . G oode, President of the Portland General Electric Co.;
tio n C o ., su b ject to th e b on d ed in debtedn ess, and the entire
Vice-Presidents, F. I. Fuller, President of the Portland R y . C o., and
cap ital stock turned o v er to the In d ian a U n ion T ra ction Co. H . L. Clark of E. W . Clark & Co. of Philadelphia; Treasurer, S. G. Reed;
as a con sid eration fo r its gu aranty o f the p rin cip al and in ­ C. M. Clark of Philadelphia; Frederick Strauss of New Y o rk , representing
the Seligmans; A. C. Bedford of Charles M. Pratt & Co. of New Y ork ;
terest o f the bon d s.
O. F . Paxton, S. G. Reed and F. G. Sykes, all of Portland.
New York New Haven & Hartford R R . — D ivid en d s R e ­
T he ex ecu tiv e com m ittee consists o f C. M. Clark, F rederick
ceived from S u bsid ia ries. — D uring the fiscal year endin g
Strauss, A . C. B edford and H . W . G ood e. C. N. H iggins is
June 30 1906 the New E ngland N a v ig a tion C o ., op eratin g Secretary. See V . 82, p . 1103.
the m arine departm ent (V . 81, p . 1853; V . 79, p . 27 5 0 ), has
N ew L in e . — T he co m p a n y ’s new line to V an cou ver was
p aid the N ew H aven 8 % on its sto ck held b y the latter, and form a lly op en ed on June 30.— V . 82, p . 1103.
the C onsolidated R a ilw a y , operating the electric lines, has
Q uebec & L ake St. John R y .— L iste d . — The L on d on S tock
p aid 4 % . T he entire cap ital stock o f b o th com p an ies, it is
u n d erstood , is ow n ed. As to the p artly estim ated rep ort E xchan ge has listed a further issue o f £ 7 5 ,0 0 0 4 % p rior lien
o f earnings for the late year em anating from New H aven bon d s o f £1 0 0 each , Nos. 3,501 to 4 ,2 5 0 .— V . 82, p. 453.

THE CHRONICLE.

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obligation of the issuing com pan y, secured primarily by mortgage upon
its own property. The obligation of the defendant com pany in relation
thereto is purely collateral and secondary and shared with another.
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subject of a set-off in its ow n behalf.”s — Vs . 82, p. 1269, 1103.

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h
a
s
m
Somerset Railway, Maine.— O fferin g o f N ew B o n d s . —
oo f . ,
N N e e w w
Y Y o o r r k k ,
A
.
F
e
r
n
a
l d
&
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5
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n
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1 5 9 05 -6 y ; e
t 4e
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t a e u r t e h s o t r pi z a e y d a
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r Be
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t ( h s e t e r a e m n
t, a
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l . ”
T 5 h 0 e
y m e
a a r n s y
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0 e
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r
a
t i o
n
f o
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yn
ed a
r $ s 3
b0
n
it oh
n e C on v ersion MaP e r io da Ei n di fs . — ni c e T R
P
c
h CR e e . n
i t
c
o
n
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e
c
t s
w
i t Uh
mc
n o t f
h 4 a2 s
e
d
M
a
i n
e
,
a
d
i s
t a
n
e e
m d i e l ce i s d .
t o h o e s
r Ls
ia o k n e
f a
h
a
m
n
o
r
t h
t o
M
e c h o e n a v d e
, o
bi
As
b a o r ue
t
$
t h
e
a
b
o
v
e
b
o
n
d
a
f 5 i 0 r s 0 t , 0 l 0 i e0
n
)o ,
1 m 0 a4
.e
o
f
9
6
m
i l e
s
a
n
d
k1
s
t h
e
e
n
t i r
e
r
i m
p
o
r
t
a
n
c
e
. ”
AV
rD ecreea H old in gs r B ontd s nh
f su
eg
re
i r c g i i r n c iu a l a
P
e
The bonds now offered, $864,000, are part of an authorized issue of V a lid . —
T
h
e
S
u
p
r
e
m
e
$1,500,000, the balance of which can only be issued for the following d
e
c
i s
i o
n
o
f
J
u
d
g
e
purposes: §420,000 to refund §397,500 outstanding bonds, and the
r
o
u
g
h
t
b
y
G
e
o
.
E
balance, §216,000, for betterments, &c., at 80% of cost; but only when b
net earnings are twice the interest upon the then outstanding bonds. o
f
t h
e
p
r
i n
t e &d
D
b e o v n e
There are several large industries located on the line, and as soon as the m
e
n
t
C
o
. ,
a
m
o
u
n
extension to Moosehead Lake is completed the natural advantages will
l l
o
u
t
s
t
a
n
d
i n
g
. —
make the road one of importance. The road penetrates a virgin forest a
for nearly 50 miles, which furnishes an almost inexhaustible supply of
W
a
b P la n .—s T h h
a
e R
f R o
r. — m
a
l
lumber. Tn addition there are several valuable water powers which
i n
a
n
c
i a
l
p
l a
n
w
h
i
can be developed with profit, owing to their proximity to the railroad. f
The extension also furnishes a short line to Moosehead Lake from all p
.
1
3
2
4
,
i s
d
e
l a
y
e
d
,
points west of Waterville, including Portland, Boston, &c. For its T
h
e
m
a
t
t
e
r
o
f
t h
e
terminals at Moosehead Lake the company has purchased Birch Point
e
r
e
t o
f o
r e
p
u
b
l i s
h
e
within one mile of the M t. Kineo House. The extension is being built h
with 70-lb. rails, and all structures of any height are of steel. The h
a
s
b
e
e
n
a
g
r
e
e
d
t o
entire road bed is cleared from Bingham to Moosehead Lake and all the V
.
8
2
,
p
.
1
4
9
8
.
Tails delivered and paid for. There are 20 miles of track under operation
with ten miles more ready for the rail. About 1,000 men are employed,
W
a
s
h
i
n
g
t
o
n
G uaranteed
(
D
.
in the construction, and it is expected that the entire line will be in B on d s O ffered . —
S
e
e
P
o
t
o
m
a
c
operation this fall. Bonded debt §13,200 per mile, including equipment;
d
u
s
t r
i a
p. 8 s
l
0”
1
.b
e
l o
w
. —
the interest charges per mile are §569.
W
e
s
t
e
r
n M e r g e r .—
“ T O C h h l e ie o v
e
Earnings tor Nine Months ending March 31.
e
a
d
e
r
”
o
f
J
u
l y
8
9 Mos .—
Gross.
Net.
Int. & Taxes.
Bal., Stir. L
1905-06-------- §133,604
§56,925
§24,068
§32,856
h
e
l d
o
n
J
u
l y
7
p
r
e
1904-05-------96,718
41,026
20,570
20,455 t
h
e
L
i
m
a
F
i n
d
l a
y
T he m anagem ent estimates gross earnings fo r 1907 o f §250,000.—
t o
t h
e
c
o
n
c
u
r
r
e
n
c
V . 73 p . 1008.
d r d e ip t o i r o t n
as
f
Southern Indiana Ry.— C o n stru ctio n . —
A
p o r fe
s sa
al y
sp : r e
r t e h d a
ks
fc
“
I t
i s
s
t a
t e
d
o
f f i p c ri a e l f l e y r
t s c t oo
nc
t r ou
w t hn e s
ei c
a
t
o
n
c
e
,
f i r s t
o
n o
C t hh
a $ g 3 o , & 0 dT 0 i . 0 v — , i 0 s
t o
c
o
m
p
l e
t i o
n
w 82i, p .t 162. i n
h
6
0
d
a
y
s
.
T
o
n
t h
e
e
x
t e
n
s
i o
n
o
f
t h
e
l i n
e
f r
o
m
B
l i s .
T
h
e
r
i g
h
t
o
f INDUSTRIAL, yGAS AND MISCELLANEOUS. r
w
a
a
n
d
t e
m
i n
a
W
a
l s
h
p
e
o
p
l e
. ”
W o
D oes N o t C over C o a l . —
T
h
e
n
e American Car & Foundry Co.— r New Officers.—
w
g
e
n
e
a
l
m
r i lt l g
ht
a t v h i e n
g p
l e
a
r
n
,
c
o
v
e
r
s
n
o
tB h i i x n b g y
b,
u
r ro e p s
m i ti s t t i e n e t , e
s t i h t ei o s
d
o
e
s
n
o
t
i n
c
l u
d
e
r t e h s e t
ip n o
w
e r
a
s
w
e
u
n
d
e
r
s
t o
o h d i s f rd o u m t i e t s h
e
pi l r l e
s s h
F I . n
t
oC n o
,a
h C o o
T
h
e
S
o
u
t h
e
r
n
dH
i . a
nE a a
l w
o
t$ e 2 e , 0
s
i m
p
l y
p
r
o
v
i d
e
d c
tm h m a
ti t
0n 0 o , w 0
0
0 i n
n
dw
v t ha
i s s u
e
d
n
o
w
,
a
n
da
a
s I I . f i l Re d .
a D t u
e
V
. J
p 1 .
1
4T
m
o
r
t g
a
g
e
d
a
t e
d
u 8 l 2 y ,
11 94 0 9 5 8 . ,
u
n
d
e
r
t h
i s
m
o
r
t American g Natural Gas Co., Pittsburgh.— Consolidation—
g
a
e
i s
$
5
, 0
0
0
, 0
0
S u it. — n
T
o
u
t s
t a
n
d
i n
g
[ b
u
t
o
ph a e r
t P
te h o e p r l e e o ’ s f
wN
o
mo
P r l a e i a l sr
u
g
e
n
e
r
a
l
m
o
r
t g
a
g C e
f m
to h n e
o Ca
do
no
yf
oi c m a
week. T
h
e
A & m S e a r v i i c n a g n s this c T B o r a m u n s p k t a
C f hr
g so h
h

f

cm
ec

97

e

98

THE CHRONICLE.

[V O L . L X X X 1 I1

Butte Coalition Mining Co.— Listed in Boston.— The Bos­
wells from which in 1898 the Manufacturers7 Company, it is
ton Stock Exchange has recently listed this com pany's
alleged, contracted to supply the complainant.
The securities of this company are as follows: SI,000,000 $15,000,000 capital stock; par of shares, $15.*
stock, on which a 12% annual dividend is being paid; $500,B ala n ce Sheet o f M a y
1
8
1
9
0
6
000 1st mortgage 6% bonds, interest payable January and
A ssets
( $
1
5
, 0
5 L ia b ilities 2
2
,
( 4 $ 0 1 ) 5— , 0
5
July; due $100,000 each year from 1906 to 1911.
I
n
v
e
s
t m
e
n C t a s p
i _ i t n_ a _ l s_ t s o t c .
O
n
M
a
r
c
h
2
4
t h
e
p AR r l e o i d p c
o
s M i te . i t o a ji I< Afn el n c St ct eM . o or _ i Meu n_ cs n ii _ to nn t _ n r s gi _ s e n o _ c
m
i n
e
t a
s
N
a
t u
r
a
l
G
a
s
C e u o n G.
w | ar e s c R e a i e p v d a p b r M l o e e v : t
c
o
m
p
a
n
y
,
b
e
i n
g
i n A T c c r h c e o o a m s_ e _ a d _t s s _
I F t o. p
c C _ i $ o a _ 1 l l _ e , 0_ 5 a 0_ 0 c 0 0_ c
s h
a
r
e
c
a
p
i t a
l
o
f
t h
e
t Aw l oi c o e l d G
o tc
lo a d m n
<n f c a o S n u i i n l e v c s e e . r d C
P
r
e
s s
r e
p
o
r t s
i n
A
p R r ei l d
lM a
se
t a
l
M
i n
i n
g
C C
c
o
n
t r
o
l
o
f
t h
e
K
i t t a
Cn p an r s i o h n _ d g __ u o _ _ Cc n _ _ i o n _ n h 3 g s a, o w1 n l 5 e i d 8l d l , a s 3 t , 5 e a 4d n
o
f
g
a
s
t e
r
r
i t o
r
y
,
1
0
0 M
d_ V
e i tl l y a , n
e t Cr o i uo e
sm c_ p o _ a n _ r s _ ei _d
M
a
n
o
r v
i l l e
a
n
d
F
o
r
d i s Cc
e
0
0
0
, 0
0
0
;
a
n
d
h
a
d
t a
k
e
n
o
v
e
r
t h
e
h
o
l d
i n
By-Products fCoke g Corporation,t Solvay, r N. i Y t.—o Mortgage. i n
e
m
b
r
a
c
i n
g
3
, 5
0
0
a
c
r e
s
o
a
s
e
r
r y
d
u
c
i n
g
w
e
l l s
a
n
d
s —e This com pany incorporated i at l Albany within the past p year p
v
e
r
a
l
m
e
s
o
f
i
American Slate Co., Easton, Pa.— Further Facts.— This with $5,000,000 of authorized capital stock, as an ally, if not
company's general mortgage is limited to $300,000 of 5% a sftbsidiary, of the Solvay Process Co. (V. 80, p. 1239;
bonds of $1,000 each (interest Jan. and July), but the amount V. 79, p. 107), recently made a mortgage to the First Trust
issued has never exceeded $287,000. The retirement of & Savings Bank of Chicago, as trustee, to secure, it is said,
$15,000 bonds on July 1 1906 leaves a balance outstanding $2,000,000 20-year 6 % bonds, redeemable on any interest
of $272,000. The main office has been moved from Phila­ day after five years at 105; immediate issue stated as $600,delphia to the Drake Building, Easton, Pa. We have been 000. Company is reported to have coke ovens in the Calu­
met region; also in Chicago, where the Peoples Gas Light &
favored with the following:
T
h
e
c
o
m
p
a
n
y
o
w
n Coke Co. takes t the surplus hgas.t No official data obtainable. u
s
o
u
r
i g
( 1
)
a
b
o
r
e
p
r
e
s e
n
t s
t h
r
e
e
s
e
p D irectors: R. G. Hazard, Peace Dale, R . I.; , W . B. Cogs­ o
a
r
a
t e
q
u
a
r
r i e
s
k
n
w
C
o
. ,
B
a
n
g
o
r
S
o
u
t h
e well, Syracuse; J. Morgan W ing, New Y ork. a
r
n
S
l a
t e
C
o
.
n
d
t h
e
a
b
l e
l e
a
s e
s
o
n
t h
e
S
t a
r
S
l a
t e
C
o
. ’ s ,
C
h
r
o
m
e
S
l a
t e
C
o
. ’ s
p
r
p
e
r t i e
s ,
a l l
i
Buffalo &o2 Susquehanna Iron Co.— Bonds rListed f on w Stock t e h
S
t o
c
k
o
u
t s
t a
n
d
i n
g
,
$
8
7
, 0
0
0
p
e
e
r r
c
o
m
p
a
n
y
w
a
s
i n
c
o
r Exchange.— The efirst mortgage 5 % sinking fund bonds, a
p
o
r
a
t
d
u
n
d
e
r
t h
e
l
w
i t h
a
n
a
u
t h
o
r i z
e
d
c
a
p
i t
l
o
f
$
1
0
,
0
being an authorizeda issue of $3,000,000, were , listed 0this0 week 0
l a
r l y
t h
e
i n
t e
r e
s t
o on the New t Y ork Stock oExchange. s The facts nregarding the a
n
i
s
b
n
d
a
d
p
J
u
n
e
3
0
1
9
0
5
( n
o
d
i v
i d
e
n
d
s
h
a
v
e
b
e
e
n
p
como pany are i very fully set forthl in the s official m statement h
h
a
s
a
c
c
u
m
u
l a
t e
d
a
c
n
s
d
e
r a
b
e
u
w
i n
g
a
n
d
d
e
v
e
l o
p
i n
g made to the Exchange, which l we give e on a subsequent o page. e
t h
e
s
a
t
p
r
p
r
t h
e
s e
p
r o
p
e
r t i e
s
a
r e
o
t h
3
1
3
%
m
o
It w includesr a balance sheet 3 and ea reporta of n earnings; the lat­ r s
d
a
y
o
f
i n
c
o
r
p
o
r
a
t i o
n
. ”
T
h
n
u
a
l
“
F
r
o
m
t h
e
b
e
g
i n
n
i nter, g it will bef noted, shows ai large esurplus overw the e interest a
o
b
u
s
n
s s
h
a
n
d
e
v
e
r
y
m
o
n
t
h
e
v
e
r
u
s t
l a
requirement. y A mapj indicating the c location i of m the , fur­ d
B
r
o
w
n
i s
P
r
e
s i d
e
n
t ;
M
.
W
.
C
a
t c
h
i n
g
s
,
V
i c
e
- P
r
e
s
i . d . . e . . n . .t . B. . — . . . . . . . . V . . . . naces, . ore,2 . .coal. . and. . pcoke properties of8 the com pany may be
.. . . . . . 8. . .
1
3
1
.
..,
..
. . . .. . .
American (Bell) Telephone & Telegraph Co.— Syndicate found in our “ Railway and Industrial" section, p. 156.Compare V. 82, p. 220, 1214.
Call.— It was reported last week that the $100,000,000 con­
California Petroleum Refineries, Lim.— Status.— The Lon­
vertible 4% gold bond syndicate had made a second call upon
the underwriters for 10%, payable July 12, the previous don Stock Exchange some months ago listed 140,445 shares
payment having been on April 16.— V. 82, p. 1440, 1374. • • of £1 each, 10s. paid. Nos. 1 to 5,902 and 10,003 to 145,445.
|8TBaltimore’|County|(Md.) WaterJ& Electric Co.— Bonds A prospectus issued in September 1905 offering for public
Offered— Official Statement.— N. W. Harris & Co. are offering subscription £55,000 of the immediate issue of £160,000
for sale $400,000 first mortgage 40-year 5% coupon gold capital stock (lim it of issue £200,000) affords the following
bonds of $1,000 each, dated May 1 1906 and due May 1 1946, information:
The company
English Companies Act to
and oper­
but subject to call at company's option at 110 and interest ate a petroleum Was organized under the barrels per day) at or near erect Francisco,
refinery (capacity 5,000
San
on and after May 1 1911. Interest payable May 1 and Nov. and to carry out an agreement with the Graciosa Oil Co. of San Francisco by which
ten years
deliver
1 at office of N. W . Harris & Co., New York. United States the latter agrees for a minimum period ofSal (which to situatedto the refinery from
the oil company’s depot at or near Point
is
about 236 miles by
coast line from San Francisco and about 16 miles from the Graciosa oil fields) so much
Mortgage & Trust Co., New York, trustee. “ The company of its production of crude petroleum as may be required by the Refineries Company.
does a water and electric business in a large and growing The Graciosa oil fields, consisting of 7,500 acres, nave a daily production of about
4,000 bbls. from four wells alone, which are sunk about 800 feet apart, while other
territory immediately adjoining the city of Baltimore."
wells are in process of boring. Under this contract the Graciosa Company will reA bstract o f Letter of P resid en t M a rtin M e y e r d ir c k , J u n e
1
1 ecive 30 cents per bbl. of crude oil delivered, which will be increased to 55 cents
9
0
6
.
per bbl. when the profits of the Refineries Company are equal to 20% on its paid up
T
h
i s
c
o
m
p
a
n
y
,
o
r
g capital; n also one-fifthe of the residueM of sucha profits. (The 7issued stock of the0 Gra­0
a
i z
d
y
1
9
,
n
a
l
w
a
t e
r
a
n
d
e
l e
c t r i
l i g
h
m
n
e
ciosa Oil Co. is c $746,199 in Si shares.) tJohn Hay. c No. o 11 St. M an’p Axe,a London, i
w
a
t e
r
a
n
d
e
l e
c t r i c E . C., lis Managingh Director. n(Compare California’sr output, p&c., ein reportt of iCali­ s
i g
t i
g
p
o
r
e
fornia oil fields under “ Annual Reports.” on a preceding page.) )
V
.
7
1
,
p
.
1
3
6
;
V
.
7
3
,
p
.
4
9
5
.
C
a
i s s u
e
d
.
$
2
7
5
, 0
0
0
.
T
o
t a
l
a
u
t h
o
r i z
e
d
p
r e
s e
n
t
i s s u
e
,
$
7
2
5
, Cape Fear Power Co., North Carolina.— Foreclosure.— The o
0
0
0
,
a
n
d
i n
e
s
c
r
w
m
e
n
t s
,
&
c
. ,
u
n
d
e
r Schenectady (N. sY .) e Trust vC o., as t mortgage trustee, broughtt r
c
o
n
r
a
i v
e
r e
s
O f th e $775,000 escrow bonds, $275,000 m a y be issued fo r 90% o f th e cash cost o f suit in the United States Circuit Court at Raleigh, N. C., on
p erm an en t extensions, im p rovem en ts, & c., p ro v id e d th e com pany shall h ave earned
June 14 to foreclose the $350,000 first mortgage of 1903,
for th e y e a r p reced in g a t least \V2 tim es th e in terest on all outstanding bonds,
to ge th e r w ith those proposed to be issued; and fu rther p ro v id e d th a t the com panv
the interest being in default. Judge Purnell appointed as
shall h a v e exp en d ed upon its p ro p e rty $25,000. to be d e riv e d from th e sale a t par of
a lik e am ou n t o f c ap ital stock (thus m a kin g th e to ta l outstan din g stock $300,000). tem porary receivers Charles H. Bel Van and E. Maxwell.
T h e rem ain in g $500,000 bonds m a y be issued fo r 75% o f th e cash cost o f such p er­
T
h
e
c
o
m
p
a
n
y
w
a
s
m anent exten sions and im p rovem en ts p ro vid ed th e com pany shall h ave earned at
a
s
$
4
7
5
, 0
0
0
,
a
n
d
p
u
least tw ic e th e in terest charge as aforesaid.
a n p e e t
Fe
ru
,r
T
h
e
i n
c
r e
a
s e
i n
t h
eC
ae r a n r i n Rg
si v
de
i nN
Ra
he
,
v
6
8
%
.
F
o
l l o
w
i n
g
ra e l e
ti hg
e Fa
r a n y i e n t g t se
fi ol l r
c 1 k9
n
t o
F
a
y
e
t t e
w
i t h
a
n
e
s
t i m
a
t e
f oB r u
0h
6o : r
b
e
e
n
c
o
m
p
l e
t e
d
.
T
Y ear—
G ross.
N e t.
In terest.
B a l., su r. a
t
6
7
^
%
,
$
9
5
, 0
0
0
1
9
0
6
( e
s
t i m
a
t e
d
)
. . o . f $
1 O 0 c 5 t ,o 0 b 0 e
0r
$ t
1
9
0
4
a
t
1
9
0
5_
_ ( _ a _ c 9_ t 4 u , a 7 l 0 ) 8
4
7
, 4
4
4
W
i
t
h
t h
e
e
x
p
e
n
d
i t u
rCape May (N. J.)t Illuminating Co.— Purchase— New sMort­o
e
o
f
h
e
p
r o
c
e
e
d
f
p
r a
c
t i c
a
l l y
n
o
n
e
o
f gage.—h This com pany, which recently s changedr hands, has
t
e
b
e
n
e
f i t
f
o
m
w
e
s
t i m
a
t e
d
t h
a
t
t h
e
n
e
t
e
a
r
n
i n
g
s
f o
r
t h
a
t
O
f
t h
e
$
7
2
5
, 0
0
0
f i r acquired practically all gof the g capital stock o of n the d Cape
s t
m
o
r
t
a
e
b
s
t
0
0
0
w
i l l
b
e
u
s
e
d
t o
rIslandt Gas r Co. and a hast filed o a mortgage to the Camdenk Safe
e
i
e
n
c
e
a
l i
e
a
g
a
g
e
5
%
b
o
n
d
s
;
t h
e
p
r o
c
e
e
d
s
o
f
t h
e
r
E
d
. )
,
t o
g
e
t h
e
r
w
i t Deposit & Trust 5 Co.,, as trustee, to secure ran issue of i $250,000 s
h
$
2
0
0
0
p
e
v
o
u
l
first mortgageu and collateral trust 5 % gold bonds, i of r which
s
t o
c
k
a
t
p
a
r
,
w
i l l
b
e
s
e
d
t o
r e t
e
f
b
o
n
d
s
( $
4
7
, 0
0
0
,
b $150,000 is outstanding.
e
i n
g
t h
e
o
n
l y
u
n
d
p
r o
p
e
r t i e
s ) ,
a
n
d
f o
r
i m
p
r
o
v
e
m
e
n
t
s
a
s
k c
0 p 0 l ,e 0
p
r
o
v
e
m
e
n
t s
a
n
d
e
x
t C e a n p s ii to a n l s
at o r ce
o$
m1
a o rf c
ht h
1e
1 v 9 a 3 l 6 u , a
s f ur
p
r
o
p
e
r
t y
,
e
x
c
l u
s
i v
e M
bb
lu e t
y
ao
a b n o d n
0
0
0
. 0
0
0
,
a
s
a
g
a
i n
spO t a f
ub e lt e s a t u S a t en h p d o t i r . n i g z 1 e
to h n
i bs
f u
n
d
,
1
%
p
e
r
a
n
n
u
m
o
u
t s
t a
n
d
i n d g
0e
%
e,
cw o es
A
t
p
r e
s e
n
t
s u
p
p
l i ie n s g
t 8 h
e
a o s f t e tr h n
g
a
g A e
cl a o r v g e e r
s n
po
B
a
l t i m
o
r
e
C
o
u
n
t
y
.
ua l m l
b t eh
re
0a
a
rn e e s a
s
ta ol lc
k t h o
l i m
i t s
o
f
B
a
l t i m
o
r
e 8 , 0
n s dh
ro l f y
$ t 3 s 0
, a 0 n 0 d 0
5 m
% a
bu
o f an
d t s u . r
s
u
b
u
r
b
a
n
s
e
t t l e
m
e
n
n
c
r
a
i l w
a
y
s
y
s
t e
m
o
f
B Central tUnion (Bell) Telephone Co.— Acquisitionp of uInde­ a
a
l
i m
o
r
e
.
P
o
l
c
i t y
o
f
B
a
l t i m
o
r
e
,
a
b
o
u
t
6
0
0
, 0
0
0
.
T
h
e
pendent Plants.—5 “ Cleveland, Finance" 0 states that dealsl have n
c
o
n
s
u
m
p
t i o
n
a
b
o
u
t
2
,
0
0
0
0
g
a
l o
1
0
, 5
0
0
, 0
0
0
g
a
l l o
n
s been pconcluded during a the y year withw the following independ­ e
e
r
d
,
i t h
t h
r
i g
h
t s
a
t
r
a
t e
o
f
$
1ent , telephone 0 companiese in r Indiana: i l l i o
0
0
p
m
n
g
a
1
5
0
, 0
0
0
, 0
0
0
g
a
l l o
n
s .
E
l e
c
t r i c
a
l
s t a
t
c
a
p
a
c
i t y
4
0
0
K
. W
. ville, Bloomfield, &c., in Greene County, withexchanges at Linton, Dugger, Jason- u
; New Home Telephone Co.a of Linton, having e
( 2
)
t
H
r
r
i n
g
R
p
o
l e
l i n
e s
7
5
m
i l e
s
, the county in all directions from the exchanges. toll lines connecting0 and 0 covering m
w
i t h
a
b
o
u
t
3
The company has 1,500 subscribers
i n
c
l u
d
e
s
t h
e
f r a
n
c
h
iands connects with several thousand others in p village exchanges aand on rural lines, n
e
)
i s
p
e
r
e
t u
l ,
a
i n
B
a
l t i m
o
r
e
,
A
n
n
e all of which will become feeders ofe the l Bell long-distance dsystem. H
A
r
u
n
d
a
n
o
w
a
b
u
s i n
e
s s
i n
B
a
l t i m
o
r United Telephone Co., d Bluffton, Hoperating four Eastern Indiana counties, havingu
e
a
n
o
w
a
r
d
c
o
n
o
f
m
u
n
i c
i p
a
l
a
u
t h
o
r 5,000 t subscribers and connecting with 5,000 more.
i
i e
s
h
a
v
i n
g
f i r s t
b
e
Central Energy Telephone Association, Frankfort, 1,500 subscribers; Mutual
]f Barre (Mass.) Water Co.— Sale.— See “ B arre," Mass., in Telephone Co., Shelbyville, 900 subscribers; Mugg Telephone Co., Spencer, operat­
all of
‘ State and City D epartm ent" on a subsequent page. *
* ingRipley Owen County; Versailles and Osgood Companies, operating practically all
of
County; Pike system of Tippecanoe County, operating several counties
Bienville (Ala.) Water Supply Co.— Sale to City.— See outlying Lafayette; McCarty Telephone Co., Rome City, operating Rome City
and outlying territory.
“ M obile" in “ State and City D epartm ent."— V. 74, p. 1309.
“ The Central Union has also made a net gain of 10,000 of
Bluefield (W . Va.) Brewing Co.— Mortgage.— The share­ its own subscribers in Indiana since the beginning of 1905."
holders were to vote July 2 on issuing $150,000 of bonds. New exchanges have recently been installed b y the com pany
John Husband is President.
at Terre Haute and Sullivan, Ind. Compare V. 82, p. 1375.

J u l y 14 1906. J

THE CHRONICLE
Statem ent fo r H a l f - Y e a r .

h
eT
a h r e n
­ S
F i r e . —e
i l s b
e
e
M
o m n i t l hl i s o
n
d f e i en
Jo
uf
n
el u
ne
tg
T
h
e
l o
s s
s
t a
t e
d
i n
Net
Dividends Dies, on Balance,
Total
6 Mos. to
earns.
on Pref. Com. (4 % ). Surplus.
Surplus.
June 30—
i s
l a
r g
e
l y
c
o
v
e
r
e
$153,164
.$352,258
$142,125
$56,969
$1,590,260
1906 _____
t a
t e
s
t h
a
t
t h
e
c
o
m
142,125
153,164
22,645
1,325,087 s
1905 ......... . . . 317,934
153,164
1,276,794 l
15,470
o
s s e
s
a
g
g
r
e
g
a
t i n
g
142,125
1904 _____ . . . 310,760
1,240,761 t
142,125
8,705
153,164
1903 ------- . . . 303,994
h
e
i n
s
u
r
a
n
c
e
o
f
c
o
142,125
153,164
22,088
1,215,160
1902 _____ . . . 317,377
—
V
.
8
3
,
p
.
4
1
.
— v . 82, p. 159.
L o o k o u t M ountain Iro n C o., B a ttelle, A la .— S ale O ct. 3 .—
Columbus (Ga.) Realty & Improvement Co.— M o r tg a g e . —
rw e a s s s
r
e
pc
tt s l y
s
tf i a l t e e d
A
f i r s t
m
o
r
t
g
a
g
e P
eo
nr
tn h t e a
o a
ms
p t r a u n s y t e’ s e
r t o o
G
e
o
r
g
i a
a
t
A
t
l a
, c
,p
he
, ,
oA
np
Oi l c
b
o
n
d
s
o
f
$
1
, 0
0
0
aa c m h
d A a l t a e . d,
r
2t
b
u
t
s
u
b
j e
c
t
t o
c M a rlb olro u g h oB u ild in g & Ra e a lty C o ., S t. L os u is .— B on d s i - a
a
l
n
n
y
e
m
P
r
e
s
i d
e
n
t ,
S
o
l .
L
e
b T . &h
O ffe r e do . —
eH
a L y i e t ts l e I
n
v
e
f f e
r i n
g
a
t
a
p
r i c
Consolidated Ubero Plantation Co.—See Ubero Planta­ o
$
2
0
0
, 0
0
0
,
o
f
t h
tion Co. below.
n
n
u
a
l
s
i n
k
i n
g
f u
Daly West Mining Co.— D esc rip tio n o f P a r k C ity M i n e s . — a
S
e
e
i l l u
s t r
a
t e
d
a and is thoroughly fireproof, recently completed, andn containing 232 e
r Building is located at northwest'corner Locust and Eighth streets
t i c
l e
i n
“
E
g
i n
e
N
e
w
Y
o
r
k
,
J
u
l y large, well-ventilated and well-lighted offices, representing a p valuation
7
. —
V
.
8
2
,
.
5
7
of about $750,000; earnings first year, based on present rentals, esti­
Denver (Colo.) Union Stock Yards Co.— N ew S to ck . —
T
h $130,000;s less ground rent, taxes, insurance and operating
i
mated,
C
o
l o
r
a
d
o
i n
c
o
r
p expenses. $66,000; annual sinking fund for bonds, $10 ,000; 5 % intereste d
o
r
a
t i o
n
h
a
s
f i l
on $350,000 bonds, $17,500; 7 estimated 0 surplus, 0 $36,500. 0
c
a
p
i t a
l
s
t o
c
k
f r
o
m
$
5
,
0
t o
p
r
o
v
i d
e
f o
r
e
x
t M a ssa ch ussetts Gas C om p a n ies.i — Gas O u tp u t. — r
e
n
i v
e
m
p
o
vT
eh m e
" D
e
n
v
e
r
R
e
p
u
b
a
nN
”e
u
lr y e
t l o i cn
w o s f
BJ
a 5 u
”
i n
t h
e
p
o
s
s
e
s
s
i o
n s
iy g
kB i o n s
u o mf
e t rh s e
bb
t p h ae c
p
.
1
7
9
4
.
d
o
e
s
n
o
t
i n
c
l u
d
e
o
u
u
b
i c
f e
e
t ,
a
g
a
i n
s
t
E. I. du Pont de Nemours Powder Co., Wilmington, Del.— c
l u a a s r t t ye
, m
a e
C om m on S tock on
7 B a s is%. —
A
t
t h
e m
l o a n s tt h
q
re
la y r
o
f
t h
e
d
li % % e w c
r
at o s r
sd
e a c M alssaach u setts Li ig hd tin g e oC o .n— n N ew Tt r u stee. — f e
d
i r v e
d
d
ho
c E o . m
m
o
n
s
t o
c
k
,
p
a
y
a t b e l n e ,
o Vn
i cS e e - p P t r . e
s1 i 5 d . e
n
q
u
a
r
t e
r
l y
a
n
d
t h b i e s e
l a e c l ee sc
t ot r c u
np
t te h d e
a s
S
e
e
a
n
n
u
a
l
r
e
p
o
r C t h,
2 A , l fp r . e
6
5C
. l —a
i lV d . s
, 8
d8
dr
d
d P i es
Graciosa Oil Co.—
S
e
e
C
a
l ia f no
n
i Aa
t r Mo
l. e
u Wm
G
a
v
e
t
&
P
o
r
t e
r
,
L
t
d
. ,
a
b
o
v
e
.
b
l o
c
k
o
f
t h
e
s
t
Greene Consolidated Copper Co.— D irectors R e s ig n . —
T u h a e r
q
t e
r
l y
,
J
a
n
. ,
&
“
W
a
l l
S
t r
e
e
t
S
m F a o rr y
” c
R ue p o r t.m—
a
l s e a n y d s a:
r
W
.
D
.
C
o
r
n
i s
h
a
n
d
G
e
n
e
r
a
l
T
h
o
m
a
f r
o
m
t h
e
b
o
a
r
d
o Consolidated Operatingr Account,c Massachusettsr Lighting. Companies, V
f
d
i
e Year 1905. o
t
s
—
.
Claflin (H. B.) Co.—

i

n

g

s

f

o

r

t

h

e

6

Gulf Coal & Coke Co. of Mobile.—

G eorgia In te r e s ts .

i
o

t

s

f

h

t

h

—

o

l

e

T

d

i

C

n

e

h

g

n

—

99

i

s
s

t

S ale

r

T

m

to C entral

c

i

a

l

o

n

of

A

o

$

$

Gross sales, gas and resid­
p
a
n
y
,
i Total neti (incl. $14,076182,598n
tother incom e)___________ n
s
a
uals _____________________ 81,903
l a sales, electricity_____ 119,114 Operating expense________ a 124,162
b
a
m
a
c
o
a
l
l
n
Gross

m
f

G

e

o

r

g

i

a

R

y

.

Total gross sales________ 201,017
Net earnings
The company was formed in 1883 and its property consists of about Discounts and rebates_____ 32,495 Interest______
17,000 acres of coal lands in Walker and Jefferson counties, Ala., which
have never been developed, but which are considered to be among the
Net from sales___________ 168,522
Net profits.
richest coal deposits in the State. It is generally understood that more
Surplus and undivided profits, Dec. 31 1905
than $1 ,000,000 passed hands in the transfer.

c
p

a

p

.

i

1

—

t

4

a

1

T

l

0

.

s

h

i

t

o

s

c
k

c

o

C om pany—

Hicks Locomotive & Car Works.— S u ccessor

B ond Issu e.

J
7
s
f
F
w
C
m

e

s

e

a
c

n

d

c

T

y

h

u

m

w

i

i

n

g

Kirby Lumber Co.— P a y m en t

)

u

i

s

t

,

l

h

c

a

p

t

o

i

r

S

a

r

v

I

p

,

e

e

e

605,500
Share capital____________
, 0
0
0
,
0
32,200 0
Notes payable___________ 0
9,439
Notes receivable________ 51,500
Accounts payable_______
54,739
Fixtures __________________
2,432 Surplus _________________
Properties owned, all in Massachusetts: Arlington Gas Light. Com­
opany;r Leominster Electric Light , & Power rCompany c ; Milfordn Electric l
a
t i o
n
e
e
t
Light &0 Power Company; Spencer Gas Co. (gas and electricity); Wor­ l
2
0
, 0
0
0
c
a
p
i t a
cester pCounty Gas Co.; e Clinton rGas e Light Co. (gas and electricity).—
r e
f
r
d
( t h
e
V . 81, p. 1795.

d

,

y

t

s

n
0
,
h
a
s
Merrimac d Manufacturing Co.— Ai ll the A ccu m u la tedn D i v i­
a
t u
r
i n
g
p
l a
n
t
a
n
e
q
u
p
m
e
t
a
dends P a id to . M , a r c h
9 h 0 a 6 s . — m
.
M
.
H
i c
k
s
&
C
o
a 1 n
d 1
aT
dh
c s l ea
r
e t do
a t nh
a
cM c e u r m c
uh
la
i t h
t h
e
p
u
r
c
h
a
e
1
,t 6 o
5
0 s , e 0 c 0 u 0 r e
p
h
i c
a
g
o
,
a
s
t r
u t sh t e e
e
,$
0
6
t o
s
o
r
t
g
a
g
e
5
%
g
o J l u d l y b
o 1n 0 d
s 1. 9
m
o
n
s
t o
c
k
i s
$
2
, 7
5
Bonds dated May 15 1906 and due serially from May 15 1909 to 1926,
e
r
e
p
a
i d
i n
1
9
0
5
but subject to call at any time in any amount at par on six months’ w
notice: denomination $1,000: interest payable Nov. 15 and May 15 at w
a
s
p
a
i d
,
a
n
d
o
n
office of trustee. The entire issue is outstanding; there are no underlying T
h
e
5 %d
i nv
oi dw e
n d d e
c o l af
r
e
bonds. Officers: President, M. Hicks; Vice-President, Elliott C. Smith;
d
e
n
d
s
d
u
e
o
n
t h
e
Treasurer, William F. M. Mclnnes; Secretary, Stanley L. Smith.
La
vd
e
rE i n n g g i n
Ti n r g e
a
T
h
e
“
R
a
i l w
a
y
no
ei s e
r
Rs
pp
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8l i 5 s 1 h . e
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o
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l y
7
b
s
a
n
i l l u
s
t
c
o
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p
a
n
y
’ s
p
l a
n
tMidvale Steel Co.— A r m ocr C hontracts D iiv id e d . — c
,
w
h
i
n
l u A d
e
s
im s
pa
tu c f h a
or
al
f a
c
i l i t i e
s
f o
r
t h
e d
na
c
t f ur
em
o Wf
ie s n h
i f n r ge
0 c 0 a
a
n
d
s t e
e
l
a
n
d
w f ou or
dn
i g7 h , 3t
r ts
u
t
h
C
a
r
o
l i n
a
a
n
—
V
.
8
2
,
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.
1
0
4
4S . o
b
e
t
w
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e
n
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e
C
a
r
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e
Houston Oil Co.— P a y m en t on T im b er C er tific a te s . —
Sr i e c e e
p
n
a
m
e
d
b
y
t h
K
i r
b
y
L
u
m
b
e
r
oi l . l
l t o o w t .h — e
wC
g b o e
M V
i. d
v8 a1
t

%

r

—

$i
p Resources ($701,878)— ,
a
n
y
t
Cash and accts. receivable. . 37,196
r Stocks__________________ 610,750 0
o
m
$
1

m
f

u

s
r

36,590
118,271

Massachusetts Lighting Companies Balance Sheet Dec. 31 1905.
Liabilities ($701,878)— a
i s
s
t
t$

Halsey Electric Generator Co. of Jersey City.— R ed u ction

o f C a p ita l S to c k .

58,435
21,845

o

d
P

o

f

o f In terest, & c .— Im p ro v ed

s

h

a

r

e

s

$

1

e

0

T h e C arnegie C o m p a n y ’s b id w as $ 2 ,7 3 3 ,5 6 0 . or $370 a t o n , fo r each

no f theeth leh em C om po fn y w as $nam edh 6 3 , the at the rate F o fs.$381 he dton forf r
s three classes a f arm or 2 ,8 1 3 ,5 in or sp ecifica tion e T a bid oe
o
t
e
the B
T
e
. ,
J
u
l
6
, the b au lk o f the a rm or, and $380 a to n foz r 600 tons o f b olts and hnu ts. e T h e r
u
t h
o
r
i
e
d
t
o
f
t i m
b
e
r
c
e
r
t i f M idvale aC o m tp a n y ’s bid w,as in thes aggregate $i2 ,5 6 6 ,4 7s 0 , or at the rate,
i c
e
s
e
r
e
F
a
l s o
t h
e
i n
t e
r
e
s
t o f $346 a tonn ies class A8 uandtly offered1class dB . theh e ork at the dandidvale e
,
$ for su b seq en 6 $345 , for to 5 o T0 w B ,eth lehem M Car­
1
u
negie com p a
s
t a
n
d
i n
g
c
e
r
t i f i figu res.— V t. 8 1 ,e p . 557. ,
c
a
s
w
i t
h
a
n
y
s
u
m
s
a
t
t
i m
e
o
f
p
a
y
m
e
t
Montezuma Water & Land Co.— S a le. — n
S.
e
e
C
o
u
r
t
t h
e
r
e
c
e
i v V e a r ls l e s y t a
tn
It re
r
i t g h a a t t i o
h
a
n
d
i n
t h
e
t r o u n s
t a
f s u u n b d s
t
e
qt ou
e
n r te
c
e
r t i f i c
a
t e
s
a
n
d
t h
a
t
t h
e
y
e
x
p
e
c
t
r e
t i r e
t h
e
i n
t e
r
e
s Montreal Light, u Heat & oPower Co.— D iv id en dn In crea sed . t
t
c
o
p
n
s
a
d
Te
n f ni r u m a
l h
da
is
A
B
a
l t i m
o
r
e
b
r — o
k
rh a e g
e a
b u e s e t n o
i n O c i r l e
aC
s o e . d
o
f f i c
e r
o
f
t h
e
H
o
n
s
a
d
i v
i / di% , e
l
pn
ad
y
a o bf
l e 1
A
u
The receipts from the Kirby Lumber Co. for sturnpage cut from the
National Brick Co., Chicago.— R etirem ent o f B o n d s. —
T
lands of the Houston Oil Co. of Texas have increased considerably during
the last few months. In March they were $70,539, in April $98,382 c
o
m
p
a
n
y
,
o
n
J
u
l y
and in May $110,498.
a
g
e
,
r e
t i r e
d
$
2
0
These increased receipts were sufficient to enable the receivers to nay g
s
s
a
i d
,
i s
b
e
i n
g
the interest on the timber certificates more than a month ago, and they i
are now prepared to retire the $260,000 of timber certificates in accord­ C
o
m
p
a
r
e
V
.
8
2
,
ance with the contract, without the necessity of issuing receivers’ cer­
R e c e ip ts .

—
x

J

u
o

d
n

g

e

B
y

u

r

tificates, which they had to do in order to make the semi-annual pay­
ments up to and including the last one in January. The Kirby Lumber
Co, is said to be doing a splendid business, and there is every Indication
that its business will continue to increase.

National Consolidated Wire & Cable Co.—Pending

s o lid a tio n . —

p

.

S
7

5

e
5

e
.

&

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it

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eo

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Mn
ip

t y o
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h

,

0
p

C on ­

n

Ca

c

$

ol

e
i

100

T H E CHRONICLE.

National Steel & Wire Co.— M e r g e r —

—
s
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F u rth er F a c ts .—

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Obey River Coal Co.—

r
C
i
a
M
C
6
t

h

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Oceanic Steamship Co., San Francisco.—

i
u
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p

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R e p o r t .—

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7

Passaic Steel Co., Paterson, N. J.— R e o r g a n iz a t io n

A
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Year 1901.
h
Year 1902
Year 1903
C
o

o
a

m
o

n
d

o

l
p

t

Sioux City

That the company issue first preferred stock certificates to tire amount
of $2,500,000, to bear interest at 5 % per annum, in lieu of the present
5 % first mortgage bonds, and that they be exchanged for the bonds, dol­
lar for dollar, face value. That this plan shall be effective when 6 0 % of
the bonds are filed with the committee. At least 7 0 % of the preferred
stock outstanding and two-thirds of the common stock issued with the
bonds must be deposited with the committee before the plan can be ef­
fective

T
2
r
p

h

e

3

b

o

.

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Net App.

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(la.)

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Co.— S ta tu s. —

Stock Yards

s

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9
)
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Southern 9 Indiana Coal n Co.— d
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of Washington, D. C. It operates under licenses granted by the Com­
missioners of the District of Columbia and under certain Acts of Con­
gress of the United States. It supplies the inhabitants of the City of
Washington, the District of Columbia and its suburbs with electric light
- and power. These bonds are secured by a mortgage upon the company’s
lands, power plant and equipment, its lighting system, licenses and con­
tracts, now owned or hereafter acquired, subject only to $650,000 funded
debt of the old United States Electric Lighting Co., which matures May 1
1907, and to $1,700,000 first mortgage 5 % bonds of the Potomac Electric
Power C o., maturing June 1 1929. The total amount of bonds authorized
under this mortgage is $7,000,000, of which $2,350,000 are reserved to
retire a like amount of underlying bonds mentioned above. The re­
mainder may be issued for the actual cost of extensions, betterments and
improvements. The mortgage provides that no further increase in the
amount of the present outstanding prior lien bonds can be made. Upon
the retirement of the underlying mortgages, these bonds become a first
lien. The mortgage provides that a sinking fund contribution of 2 % of
the amount of outstanding bonds (including bonds in sinking fund) shall
be set aside each year, beginning with Jan. 1 1908. Bonds of this issue
purchased for sinking fund account are to be kept alive and not canceled:
other securities specified are also available for investment.

Abstract of Letter from President Allan L. McDermott, July 1906.
Twelve and a half acres of land on Bennings Road have been purchased
and contracts made for the erection of a new central power station. The
station will be partly in use this year. The cost of this improvement
with substations, cables and equipment, will be about $1,300,000 (anc
the bonds now offered were issued on account of the same.— E d .). The
receipts of the company from Jan. 1 1901 to May 1 1906 were as follows:

h Standard Oil Co.—C Brought . under
&
o
e
, 5
C om m ission $as to1 Equitable R 0a tes. —0

yc

e

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.

e

P e

S

h.

t

a
t

t

M ortga tge. — h

p

a

e

a

su

,

o
f
In ter-State

oe
en

N
e
Com m erce w
0 S 0 e 0 e
r o
o
n
d
s
,
t
h
e
p
r
e c s o e l n u t m
u
e a
e tr
n i ss
,s
l s to h
o
m
p
a
n
y
h
a
s
p
cw h
a i sn e
d t
h
e“
Lu
ar
h
et
R w a a
r
a
v
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s
W
o
o
l
e
n
i g l i l ns
e
te
E M n
e
ea
rt
i n W g
Rs
v
i l l
e
s
t a
b
l i s
h
t h Stanleyr Works, New Britain, h Conn.— dN ew r S too ck . — - e
e
e
a
y
l T
o
w
e
r
c
a
p
a
c
i t
y
, s
le y r
t h t o eo c r k s hp u uo p l r pd p
s e e s vl . e o c t t
a
c
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r
i n
g
a
n
d
o $t
o0
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1
, 0
0
0
, 0
0
t o
$
o
f f e
r
e
d
a
t
p
a
r
(
Potomac Electric Power Co., Washington, D. C.— G u a r ­ i s
sB u r b o s s c . r
i &p
t
i Co
no
s. ,
t o N
be
a n te e d B o n d s O f fe r e d . —
B
r
o
w
n
o
f f e
r
i n
g
a
t
9
9
e. r
e
s
t N
a
b a o n u d t
8i n % t
o
m
o
r
t
g
a
g
e
g
o
l d
b The company d has largely increased its aplant t of late years and now em­
o
n
s
,
d
e
d
J
u
n
i n
t e
r
e
s
t
p
a
y
a
b
l e ploys at J New a Britain about 2,000 hands; it ahas also a dsmaller plant at u
n
.
1
n
J
g
u
a
r
a
n
t
e
e
d
&
b E y l e Bridgewater,r .Mass.Hart, President: C. P.butts, hL . H . irolled steel, &e.. o
c t t
e i c Product, hinges, o Goss, cold Pease, George P
W
C a
s . ,
n
g
t
Directors: h W H .
w
h
i c
h
o
w
n
s
t
h Hart, A . Chamberlain, E .t N . i Stanley,e E . A . Moore.— V. p 74, p. 535. a
e
e
n
r
c
a
i t
l
C
o
m
m
e
r
c
i a
l
T
r
u
s
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C
o
.
o
NT
Sunday Creek Company.— L isted . — f
he
ew
A
c
i r
c
u
l a
r
s
a
y
s
i nE
uc
sa
t n a g n e c
e
xs
hb
h:
a
s
l i
s
i n
k
i n
g
f
u
n
d
c
o
u
The company is the successor of the United States Electric Lighting
a

.

y
c

2

m
9

N e w B o n d s .—

e

8

Gross

The company was organized under the laws of Iowa in 1894. Owns
75 acres of property on which are located their yards, alleys, pens, sheds^
exchange buildings, railroad tracks, switch engines, &c. Capitaliza­
tion, $1,500,000 common stock and $1,500,000 preferred stock (par
of shares, $100). Bonded debt, $578,000 (first mortgage 5 % due July
1921; interest payable Jan. 1 and July 1 at Indianapolis. Issue origin­
b
d
e
p
o
s
i t
e
d
allyt $600,000). e The company has paid 4 % dividends on preferred stock
o
e
o
s
i
i
for the s years of m
1900, 1901, 1902 o and p1903, p and 6 % for 1904 tto date
(payable t quarterly in January, & c.). y From 1894A to 1900 the earnings
i
t
e
d
b
.
H
were wholly applied to the establishment of packing houses, construction
7
6
)
—
V
8
2
,
of exchange. building and extension of . the yards, with the resultp that . at
the present time the company is established on a firm foundation, with,
equipment and facilities equal to any yards of its size in the United
States. a The syards are reached by five railroads. Sioux City is located
w
i n
c
o
r
p
o
r
a
t
in the heart of a growing fat cattle and hog section, and has as tributary
i t Minnesota, Northwest t Nebraska and Iowa. The fiscal year
a
l
s
o
c
k
( o
f
Dakota,
f
r
r
—
p
a
o
f
just eclosed showede the d increase in the company’s rreceipts to be: Cattle,
'90,733; hogs, 234,865; sheep, 9,2 1 3 .—E V . 75. p.e 851.c
i d
a
t
e
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C o n s o lid a tio n —

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Portland (Me.) Electric Co.—

T
$
c
o
p
(
b
m
b
c
g
w
p
f

d

h
w

Net App. I Period

The company owns in fee about 30 acres in Sauk Rapids across riverv
besides floorage right up river, and proposes to build a hydro-electric
power plant of 5,000 horse-power capacity at Sauk Rapids on the Mis­
f
t
h
e
s
t
o
c
k
h
o
l d
sissippi River and to transmit the power to St. Cloud, a distance of 2
e miles. Capital stock $200,000, all t of one class and all outstanding; f
s
T
r
a
u
w
e
i
n
o
par of ,shares, $100. eThe President is y Albert G. W hitney of St. Cloud;
d
H
n
r
D
u
n
s
Secretary and Treasurer, E . E . Clark.l
e
d
a
s
f o
l o
w
s
:

P la n .—

g

y

A

,

i

Gross
Receipts.

Interest. Covered.
Receipts.
h$485,068 to $253,418 I! Yearn 1 9 0 s4 .$ 7o 4 9 ,5 2 8 i to Interest. t
e
c
o
l
d$390,126
a
i
w
i t
p 558,625 s
o
s 263,540!b Yearl 1905.
i
y
o
h
e
r
866,797 t
455,828
. n 644,752 o
2l9 1 ,5 5 6 15 mos. 1906 . 422,038
212,630
n
a
l
s
i d
a
t
e
d
W
i
r
T $ h 1
e6
a0
l0
b o
of
n
i t
h
, 0 a 0 n 0 n , u0
t h p i r s o i g s r s e u s e s ,
w
i a l nl
m
o
d
d a
o
r
f o
u
r
w
e
.
Portland (Me.) Lighting &e Powerk Co.s— S old . - S
e ( e C
b
e
le a n n
d i s E s
lu e e c d t r
i i cn
C E o n.
d
e
t a
i l s
r
e
m
a
i n
t o
b
e
S
u
e
d
i Pueblo (Col.) Water Co.—c P ao ym en t for P la nr t. — y
n
t h
i s
u
n
t
.
P c u u e m b
lu o l a
( iC v o e l . ) d
iv n i
t
h
e
t
i
q
tl
p&
a
gW
e i . r — e
V C
.o
n
a
l
S u t e e n e
d
;
t Quincy (Copper) Mining Co.— N ew S to ck . —
h
e
y
w
i l l
b
e
dT
i h s
h
o r le d f e
w t oi l l
e
h
i s
rr s s
t v h o e t
d
0u
,g 0 u 0 s 0 t
$A
5
e
n
e$
x2
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to 1935,
but subject
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Dec. 1 1910 at 105. Interest June 1 and Dec. 1 at office of trustee.

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Period
Covered.

P r e fe r r e d D iv id e n d s .

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[ V O L . LXX X11I.

Income Account of Constituent Companies—Nine Months ending
March 31 1906.
Deduct—
$4,664,790
Total revenue - . .

834,110 Interest, sinking fund, <fcc-$692,498
14,845 Balance, surplus, for 9 m os. 156,457

Net ea rn in g s-----Other income _ _.
—- V. 82, p. 1105.

Superior Pocahontas Coal Co., Hallsville, W . Va.— C on­
solidation. —

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Organized with S500.000 capital stock and has purchased Black-Stone Consoli­
dated Coal Co., Helena Coal Co., Henritz Mining Co. and Davy Crockett Coal <
fc
Coke Co. embracing leaseholds tor about 4,000 acres ol Pocohontas coal measures.
The lands are contiguous; present capacity 15.000 tons per month. It is proposedto
build a central electrical plant tor equipping the mines with haulage and machine
mining outfit <fcc., and arrange lor an annual output ot 400 000 tons. “ Acquired
the plants stock and personal property and leaseholds of the companies named.
We have bought no land in fee and have paid in in cash $250,000 and may issue some
of the preferred stock to make improvements upon the leaseholds, which embrace
about 4 000 acres at Davy Station, upon the main line of the Norfolk & Western R y.
Justus Collins Charleston. W . Va.. President: C. J. Milton, Cincinnati, Ohio. VicePresident: P. J Riley. Hallsville, Treasurer and Manager: and J. A . Lathim, Charles­
.
_________________________ _ _ _ _ _ _ _ _ _ _ _
ton W . Va., Secretary.

Investment News Continued on Page 102.

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THE CHRONICLE.

J u l y 14 1906. |

10 L

Reports arul Bociimcuts
BUFFALO & SUSQUEHANNA IRON COMPANY.

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For the9 general purposes of the Company and for the purpose of
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satisfying its obligations, under Art. 1, Sec. 3 _____ ________ $ 1 ,000,000
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holds) containing iron ore, and c for the acquisition of Capital
Y Stock of any Company owningt mines containing iron ore, x
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underr Article C 1, Section n4 ______ _______ ______________ _______
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For the , erection and construction of blast furnces, coke ovens,
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canals, docks, &e., undero Article 1, Section 5 , _ _ ________ 1 ,500,000
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Total n .............. .............................................. ..................................... .. o SH,000.000

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"The Iron Company further covenants that it shall and will at all times,
e
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so long
p gage or as any of Trust are hereby expressed unpaid,d keepa by this Mort­
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e Deed of then bonds outstanding and to be secured the rbuildings
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f erected on the a landn hereinbefore described and the machinery, l tools, t
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instruments, fixtures and improvementss hereby mortgaged, insured e in s
t and by some rincorporated company or companies of good standing, in a e
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a reasonable amount e sufficient r to covert the said property hereby mort­
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or damaget by fire, r all policies oft insurance to u so
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u gaged against lossthei loss, if any, epayable to thes Trustee , hereunder be its p
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drawn as to make
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d or damage by fire, the Iron Company, should it elect so to do, shall have
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the eright to 2 demand by o proper resolution of the Board of Directors, and
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f receive $from the Trustee0 from, time to time such portions or all s of such in­ o
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"The Iron Company further covenants and agrees that it shall and will
on the twenty-fifth day of May 1907 and on the twenty-fifth day of May
of each succeeding year, so long as any of the said bonds shall be outstand­
ing, deposit with the Trustee the sum of $100,000 as and for a Sinking
Fund for the purchase or redemption of said bonds at par on the follow­
ing first day of June.
"The amount so deposited shall be used and applied as follows:
“ • . . The bonds to be so redeemed shall be of the par value of
$100,000 and shall be those of the lowest numbers outstanding at the
time.”

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surance moneys received by the Trustee, as said Iron Company shall deem
wise to invest in permanent improvements or betterments of its said
property or repairs of damages caused by fire or replacement of the build­
ings, machinery, tools, instruments, fixtures and improvements, and prop­
erty destroyed or injured.”

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"The u Iron fCompany c further covenants ethat, at its own cost i and ex­ o
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a pense, it will do and cause t to be done all things necessary to preserve
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, all rights, franchises and privileges t,o it granted and confirmed bye law
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n or otherwise, and whenever necessary or advisable will b comply with the n
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flaws ofUnited States,” York, and with the laws of any f other State and ,
l the a State of New
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B
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h “ The p Iron Company f further covenantse that it will at n all times i keep it­e
i
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o self and complete efficiency for the, purposes of its corporate existence, and l d
m supplied with machinery, tools and equipment asufficient e to maintain
p
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full
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that this Mortgage shall be a first and prior lien thereon; that . it will at e
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s all timesr keep all of the structures, machinery, toolsa and bequipment which f o
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shall come or is intended to come under the lienB of thisn Mortgage ora Deed o o
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d of Trust, t in good e order, complete repair, and i good working s condition; a
h
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t that ite will renew and replace from time to stimeo sucht of the structures, r
h
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omachinery, tools and equipment as may be worn out, losto or destroyed,t h
f
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life
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.
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p so a that at alli times during the and of this Mortgage orbe undjminished p in l a
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o equipment shall h Deed of Trust such
f
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structures, machinery, tools
o
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s
p
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amount and value, the lien of this a Mortgage or Deed fof Trustt to be a first
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s
.
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lien on such structures, new machinery, tools and equipment, and said
h
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a
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c structures, smachinery, tools and equipment to be immediately subject l y
o
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u a in all respects uto o thee terms dof this Mortgage o or Deed of Trust, as though y
si lq r
a ­
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theyC had been part of the original structures, machinery, tools and equip­ m
a
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a
o
f
f
e
r
e
t
u
t s
t a
n
d
i n
g
i s s u
e
o
f
s
t
c
k
o . $459,201 88 h
f
t
e
Net earnings________ __________ o
Other income....... ...... ..........................
a
n
y
,
a
m
o
u
n
t
i n
g
t o
$
5
0
, 0
0
0
p 41,255 93r
a
v
h
i s
C
o
m
p
a
n
y
h
a
s
n
o
b
o
n
d
e $500,457 81 i n
d
d
T
h
e
M
u
n
r
o
I r
o
n Fixed charges and i other deductions g
M
n
i n
C
o
m 157,310 32 a
p
n
9
0
6
u
n
d
e
r
t h
e
l a
w
s
o
f
t h
e
S
t $343,147 49
a
t e
o
f
o
w
n
i n
g
l e
a
s
e
h Furnace relining reserve.................... i r
o
l d
s
i n
o
n
o
r 19,154 50 l a
e
n
T
h
e
M
o
r
t g
a
g
e
s
e
c
u
r
i n
g
t h
e
b
o
n
d
$323,992 00
a
y
b
e
i s s u
e
d
a
s Balance o
f
l l o
w
s :

102

THE CHRONICLE.

The following is the Company’s Condensed Balance Sheet
as of April 30 1906:
Liabilities —
Assets —
S
Cash accounts receiv­
able. A c - . ...............
Ore, pig iron, & c., on
h an d ________ _______ _

Bills payab le. -------654,025 02 Accounts payable —
Accrued interest-----3 3 4 ,3 1 8 58 Renewal fu n d s ______

Total current assets .
988,34 3
Buffalo Plant, real
estate, & c _____ ...3 ,6 3 0 ,4 8 1
Ore properties (lease­
h old s)________________ 713,958
Canal _______________
194,354
Stock in coal com pan’s . 245,700
Total assets_____

129,252
142,083
70,833
27 ,858

13
74
32
50

60 Total current liabilities 37 0,02 7 69
Capital S to c k .................1,000,000 00
25 1st Mortgage 5 % b d s ..3 ,0 0 0 ,0 0 0 00
Debenture 5 % bonds
1,000,000 00
40 2,81 0 47
58 S u r p lu s ________________
73
00

5 ,7 72,8 38 16

Total liabilities_____ 5 ,7 7 2 ,8 3 8 16

The annual meeting is held on the second Thursday in May.
The fiscal agents for the registration of the bonds and
payment of interest thereon are Fisk & Robinson, New York.
The Board of Directors consists of William A. Rogers, F. H.
Goodyear, S. M. Clement, C. W. Goodyear and Hugh Ken­
nedy, all of Buffalo.
The Officers of the Company are: William A. Rogers,
President; F. H. Goodyear, First Vice-President; H. D. Carson, Secretary and Treasurer; all of Buffalo, New York.
Respectfully submitted,
BUFFALO & SUSQUEHANNA IRON COMPANY.
By WM. A. Rogers, President.
The Committee on Stock Lists recommends that the
above-described $3,000,000 First Mortgage Five Per Cent
Sinking Fund Coupon Bonds of 1932, for $1,000 each, Nos.
1 to 3,000 inclusive, be admitted to the list.
GEORGE W. ELY, Sec.
WiM. W. HEATON, Ch.
Adopted by the Governing Committee July 11 1906.

Tolosa Rubber Co.— See Ubero Plantation Co. below.
Ubero Plantation Co., Mexico.— Promoter Guilty.— In Bos­
ton on June 9 Ferdinand C. Borges, promoter of the Ubero
companies, was found guilty in the Federal Court on 80 of
the 126 counts that charged him with selling the securities
of said companies under gross misrepresentation. On July 5
he was senenced to twelve years in the State Prison.
The capital stock ol the Ubero Plantation Co. (a Maine corporation) was reduced
late last year from $1,000,000 to $350,000. and the par value of its shares from $150
to $10. Stockholders received 7H new snares for each share held, and subscribers
to the old stock who had not received certificates of stock received a $10 share for
every $20 paid in. The name was changed on Jan. 1 1906 to the Tolosa Rubber Co.
Jeremiah Smith Jr. and Hugh W . Ogden were the receivers of the old company.
Reorganization committee: Levi R. Greene Chairman; George H. Trepany, Frank
Boyden, Edwin O. Childs, Secretary: and Bradshaw S. Tolmam mostly of Boston
or vicinity. On Jan. 17 the receivers were discharged the Tolosa Rubber Co.,
176 Federal St., Boston, taking possession, with C. W . Rider as President, E. O.
Childs, Secretary, and W . L. Wadleigh, Treasurer. This plantation is located at
Tolosa, 8 miles from Ubero station, on the National Tehauntepec RR., and is in
no way connected with the reorganization of the Consolidated Ubero Plantations
Co. mentioned below.
A circular sent out by the directors June 9 states that there are estimated to be
about 120,000 rubber trees averaging tour years old on an area of 253 acres, and
16,600 younger trees on an area of 173 acres, constituting all of the plantation, on
which it seems wise to spend money at this time. Whether these trees will ulti­
mately produce commercial rubber in profitable quantities it is at this time impos. sible .to tell, but the outlook is thought sufficiently promising to justify continued
operations. The agreement with the La Puerta Co. entitles the Tolosa Co. to re­
ceive a clear title to one acre for each $300 paid in. It is thought that a clear title
to about 1.000 acres upon which this payment has been made (including the afore­
said areas) will thus be obtained after the necessary formalities have been com.pleted. On May 9 the company had received cash subscriptions $8,069 and had
ssued $198,735 stock to 542 persons in exchange for Ubero shares and receipts;
also $7,725 for cash; total, $206,460. The second subscription payment was due
July 1.
The Consolidated Ubero Plantations Co. was fathered by the same interests and
later placed in the hands of the same receivers. It contracted in 1902 to purchase
for $4,999,975, in its stock and bonds. 6 000 acres of land in Mexico from the Tropical
Securities Co., said land, it is alleged, having cost the promoters only $15,000. In
Oct. 1902 $2,500,000 of an issue of $3,500,000 5% gold bonds (trustee. International
Trust Co., Boston) were offered for sale (see adv. in Boston Transcript"" o Oct. 18
1902). William B . Owen of Indianapolis was a director in both companies.
• • ■

Union Electric Light & Power Co., St. Louis.—Listed.—
The New York Stock Exchange has listed $6,202,000 first
mortgage 5% 30-year bonds of 1932. Compare V. 79, p.
2751.— V. 82, p. 104,1105.
' J S I B S3 $3
Union Gas & Electric Co. (Bloomington and Normal, 111.).

— Bonds Offered.— MacDonald, McCoy & Co. of Chicago are
offering at 101 and interest $291,000 first mortgage gold 5s
of 1905. Of the authorized issue-of $750,000, $516,000 is
now outstanding and $234,000 is reserved for betterments
and extensions. See full particulars in V. 81, p. 1497.—
v . 82, p.8 09.
■ jijia ia ia a y
Union Steamship Co., California.— Status.— This com­
pany, whose $1,000,000 bond issue is referred to in the an­
nual report of the Union Oil Co. on a previous page, was
incorporated in New Jersey on Dec. 5 1905 with $5,000,000
of authorized capital stock. The purchase of the steamers
Minnetonka and Minnewaska, which was completed early
in the year, is also mentioned in the aforesaid report. The
United Steamship Co. was incorporated in New Jersey on
Feb. 27 1906 with $1,000,000 capital stock, but reports are
at variance whether this company also is a subsidiary or
ally of the oil company; James Jerome (inquire 17 Battery
Place, New York) is a director of the United SS. Co .^313€3

* Union Transportation Co., California.— Status.— This
company, referred to in the report of the Union Oil Co. on a
previous page, is described as follows in a circular issued
some months ago by the Merchants’ Trust Co. of Los Angeles,
when offering a block of the bonds at 97 and interest: ,jj
gy
fVCapital stock issued, $3,000,000; bonds authorized, $3,000,000; issued, $1 688,000
guaranteed principal and interest by the Union Oil Co. of California. Annual in­
come under lease to Union Oil Co., at rate of|$210,000 per annum for eachJSl.OOO 000

[ VOL. L XXXIII.

of bonds issued $354,480; annual interest on bonds, $84,400; surplus, S270,080.
Bonds dated Feb. 1 1903, due without option Feb. 1 1923. Denomination $1,000.
Interest payable Feb. 1 and Aug. l at Am erican National Bank, Los Angeles, Cal.
t ie Corn Exchange Bank, N ew York C ity. T itle Insurance & Trust Co., Los A n ­
$
geles, Cal., trustee.
The company handles the transportation and sale o f oil within the U nited States,
South Am erica, Australia, Alaska, Hawaii and the Philippine Islands; bonded debt
Is based on oil lands, pipe lines, tanks, machinery, oil rigs, the steel oil tank steamer
“ W h ittier,’ ’ &c., the entire properties being carried at an appraised valuation of
$5,504,095. Sinking fund, com mencing In 1909 5% o f all outstanding bonds.— V .
78, p. 1121. 705.

United Gas & Electric Co. of New Jersey.—First Dividend
on Common Stock.—This company has declared, with the
regular semi-annual dividend of 2J^% on its preferred stock,
an initial dividend of 2% on common stock, both payable
July 16 to stock of record July 2.
Surplus Earnings of Constituent Companies.
— Years ending M ay 1 .—
---------- Calendar Years ( see foot note.)- ------1905-06.
1904-05.
1905.
1904.
1903.
1443,573
8355,975
84 13,560
8278,696
8264,797
Note.— All operating expenses of the parent com pany are charged
directly to the operating expenses of the constituent companies, leaving
the above as net m oneys. The figures for the calendar years cover a
smaller number of companies than those for the years ending May 1.

Dividend and Interest Charges of Parent Company
( together aggregating 8175 ,7 29 ).
5 % on 81 ,594 ,50 0 first mortgage 5 % bonds of 1902 (issue limited
to 83,000 ,00 0 ________
879,725
5 % on 8 1 ,261 ,17 0 cumulative preferred stock (authorized issue
$ 1 ,5 0 0 ,0 0 0 , par 8 1 0 0 )____________________________________________ 63,058
2 % on $ 1 ,6 4 7 ,3 2 0 common stock (authorized issue 8 2 ,5 0 0 ,0 0 0 ,
par 8 1 0 0 ) ___________________
32,946

For a list of the company’s constituent properties (about
95% owned), operating in thirteen cities of the United States,
and the amounts of their outstanding bond issues, see V. 81,
p. 1548. The Colorado Springs Electric Co. (there men­
tioned in a foot-note) has outstanding $990,000 5% bonds
due in 1920. The South Bend Fuel & Gas Co. owned in
1905 has been sold.— V. 81, p. 1548.
United States Telephone Co., Ohio.— Directors.— The com­
pany having passed under the control of the Brailey syndi­
cate (compare Federal Telephone Co. in V. 82, p. 1442,
1271), the following officers and new directors are announced:
James S. Brailey, President; E . W . Moore, Vice-President; H . B . T a y ­
lor, Treasurer; Jas. B . H oge, Secretary: Charles A . Otis Jr. has been
elected a director in place of F . S. Dickson resigned, and the number of
directors has been inrceased to fifteen by the election of H . C. Stifel and
A . H . Bauer of St. Louis, A . W . Hopkins of Columbus, A . B . Taylor of
E lyria, Clarence Brown of Toledo and Herbert W right of Cleveland.—
V . 82, p . 1 3 2 7 ,1 5 0 1 .

Utica (N. Y.) Ice Co.—Bonds Offered.— The Utica Trust
& Deposit Co., the mortgage trustee, recently offered at
par and interest $85,000 of the issue of $100,000 first mort­
gage 20-year 5% gold coupon bonds dated Jan. 1 1906,
$5,000 retirable annually beginning Jan. 1 1907. Interest
payable Jan. 1 and July 1. James S. Sherman, President.
Vicksburg (Miss.) Water Works Co.—-Decision.— The
State Supreme Court on May 21 affirmed the decision of
Judge Niles in the Chancery Court, which dissolved the in­
junction preventing the company from cutting off the water
supply of the complainants, consumers, because of the re­
fusal to pay rates other than those fixed by certain ordi­
nances purporting to regulate the rates of charges of the
Water Works Co.
The decision holds that as the United States District Court first ac­
quired jurisdiction in an action involving the. same subject m atter,
the State Court under the doctrine of com ity cannot consider the ques­
tions while pending in the Federal Court. The W ater W orks Co. ob­
tained a perpetual injunction in the Federal Court enjoining the city
from enforcing the ordinances regulating the rates, an appeal therefrom
being now pending in the Supreme Court of the United States. The
ground for the injunction in the United States Court was that the original
contract between the city and the predecessor of the W ater W orks Co.
constitutes a binding contract exempting the latter from liability for a
period of 30 years from 1886 to have its rates regulated b y the city.
In June 1900 the Legislature authorized the city to purchase the plant
or construct a new system , and the people in July 1900 authorized a
bond issue of $150,000 to build a municipal p la n t, but construction, it
seems, was never begun, nor have the bonds been sold for the purpose.—Compare V . 71, p. 1274.

Zehner Bros. Packing Co., Toledo, Ohio.— Mortgage.—
A mortgage has been filed on the property at Toledo and
Bellevue, Ohio, to the Dollar Savings Bank & Trust Co. of
Toledo, trustee, to secure $100,000 of three-year 6% bonds
of $1,000 each, dated May 1 1906; interest payable Nov. 1
and May 1. Capital stock $200,000, of wdiich $196,000 out­
standing; par of shares $25. President, John Zehner.
— The publishers of the “ Commercial and Financial
Chronicle” have issued the July edition of their annual pub­
lication— “ The Hand-Book of Railroad Securities.” The
statistics are for a series of years and include earnings, divi­
dends and a monthly range of prices to July 1. The present
interest charge is given and also net income for the last
fiscal year applicable to the payment of interest and divi­
dends. The book covers railroads and many of the leading
industrials.
Price, $1 00, or to “ Chronicle” subscribers
75 cents.
— H. C. Powers, associated with O ’Connor & Kahler for
the past five years, has formed a co-partnership under the
firm name of H. C. Powers & Company, No. 34 Pine Street,
New York. They will conduct a general bond business,
dealing in Southern and Western municipal bonds, especially
all issues of municipalities in Texas; also New York savings
bank bonds.
— The semi-annual issue of the Pocket Manual of the
Boston stock market has been issued bjr Frank A. Ruggles,
53 State St., Boston.

J 03

THE CHRONICLE.

July H 1906. J

The (Commercial Tim es.

COTTON.

F r id a y N ig h t, J u ly 13 1906.
T H E M O V E M E N T O F T H E C R O P as in dicated b y our
COMME RCIA L EP IT OM E .
telegram s fro m the South to -n ig h t is given below . F or
the w eek ending this even in g the total receipts have reached
F r id a y N ig h t, J u ly 13 1906.
W hile the usual m idsum m er decrease in general business 27,440 bales, a gain st 25 ,0 6 8 bales last week and 30,637
bales the p reviou s w eek, m aking the total receipts since
is still n oticeable, the aggregate tran sactions rem ains satis­ the 1st o f S eptem ber 1905 7,6 3 0 ,7 5 2 bales, against 9,573,639
fa cto ry , prices o f com m od ities are gen erally ste a d y , the bales fo r the sam e p eriod o f 1904-05, show ing a decrease
crops on the w hole appear to b e doing w ell, and so great is sin ce Sept. 1 1905 o f 1,942,887 bales.
the dem and for la b or, n o t on ly in th e agricultural regions
Sat.
R eceipts at—
M on.
T ues.
W ed .
Thurs.
F r i.
Total.
but also at the great centres o f m a n u factu rin g, th at the
563
Galveston____
665
1,487
495
445
502
4,157
available su pply seem s, in som e sections at least, to be
37
fit. Arthur,&c.
37
rather severely ta x e d . S peculation con tin u es to keep New Orleans..
2,382
560
593
786
5,216
730
165
41
521
112
35
Mobile
302
1,011
within very m oderate b o u n d s, the cou n try being n ow , as fo r
5,378
Pensacola, &c.
5,378
1,246
1 ,366
604
180
933
462
m an y m onths past, m ore occu p ied with strictly legitim ate Savannah __
4,791
Brunswick___
13
13
business than an yth in g else.
1
7
7
224
674
Charleston___
435
Georget’n, &c_
4
4
L A R D on the spot has been dull but firm er, ow ing to the Wilmington __
281
1,024
2,921
283
159
331
843
__
_
_
strength of the fu tu re m arket and light offerings; City 8 j^ c ., Washingt’n,&c
296
411
835
373
235
223
2,373
W estern 9 .1 0 @ 9 .15c. R efined lard has been in rather Norfolk
___
N ’port N ., <fcc.
29
29
better dem an d, w ith prices firm er; Continent 9 .6 0 c ., South New Y o r k __
.
178
11
280
33
125
627
A m erican 10c., Brazil in kegs 11c. T he specu lation in lard Boston
69
69
futures at the W est has been a ctiv e.
Prices have a d v a n ced , Baltimore___
50
25
140
Philadelphia..
—
40
25
ow ing to b u y in g b y leading packers, coverin g o f shorts and
9,724
5,604
2,508
Total this week
2,547
3,799
3,258 27,440
b u yin g b y outside interests.
—

D A IL Y CLOSING PRICES OF LARD FUTURES IN CHICAGO.
S a t.

July delivery________ S.S5
September delivery__ 9.00
October delivery____ 9.02M

M on.

T a es .

8.87J4
9.02J3
9.05

8 .9 7 ^
9.12P3
9.15

W ed .

Th u rs.

9.07H
9.20H
9.22M

9 .0 2 ^
9 .1 2 ^
9.17 y2

F r i.

9.00
9.10
9.15

P O R K on the spot has a d v a n ce d , ow in g to the rise in
futures at the W est. T rade has been qu iet at the a d va n ce,
bu t offerings con tin u e ligh t. Mess is q u oted at $ 1 8 @ $ 1 8 25
for old and $ 1 9 @ $ 1 9 25 for new ; clear $16 7 5 @ $ 1 8 50, and
fam ily $19. Cut m eats have ruled qu iet and steady; pickled
shoulders SJ^c., pickled hams 12c. and pickled bellies,
1 4 @ 1 0 lb s ., l l @ 1 2 J ^ c .
Cut m eats have been in fair de­
m and and generally steady; mess $ 8 @ $ 8 50, flank $8 50,
packet $8 5 0 @ $ 9 , fam ily $ 1 0 @ $ 1 0 50, extra In d ia mess
S 1 5 @ $ 1 5 50. Tallow has been dull and easy; C ity 4 J ^ @
4 15-16e. Stearines have been dull; oleo n om in a lly 8 % c . ,
lard 103^c. B utter has been stea d y , w ith a fair trade;
W estern extras 20^£ @ 2 1 c. Cheese has been quiet and
stead}-; State fa ctory 11c. Eggs have been fairly a ctive and
stea d y ; W estern firsts 17c.
O IL . C otton -seed firm , with stock s light and trading
slow , ow in g to the fear o f m anipulation; prim e sum m er
yellow 3 8 c., prim e w inter yellow 4 0 @ 4 1 c . Linseed oil has
declined for the d om e stic,o wing to the dulness o f trade;
C ity, raw, A m erican seed, 3 8 @ 3 9 c .; b oiled 3 9 @ 4 0 c .; Cal­
cu tta seed, raw , unchanged at 68c.
L ard, qu iet and steady
at 6 9 @ 7 1 c . for prim e. O live, stea d y; green 5 8 3 ^ @ 6 0 c.
C ocoan u t, firm , with a g o o d dem and; C ochin, 8 @ 8 J ^ c .,
Ceylon 7 @ 7 } 4 c .
P eanut, w hite, 5 5 @ 5 6 c . C od, stead y;
d om estic 3 5 @ 3 6 c ., N ew foundland 3 8 @ 4 0 c .
C O F F E E on the sp o t has been dull and stead y; R io N o. 7
7 % c . , Santos N o. 4 8 % c .
W est India grow ths have been
in fair dem and and steady; fair to g o o d Cueuta 8 % @ 9 3 ^ c .
T he m arket for future con tra cts has ruled stea d y , w ith the
trading dull and featureless. In the m ain it is a waiting
m arket.
There is little inclination to sell short at the pre­
vailin g qu otations and the bulk o f the lon g interest is b e­
lieved to be in strong hands.
T he closin g prices were as follow s:
J u ly ...............
August ______
September . . .
October ............

6.15c.
6.20c.
6.25c.
6.30c.

November_____ 6.40c. IMarch__________
Decem ber_____ 6.45c. IApril___________
January_________6.55c. |M ay__________
February____
6.60c. IJune_________

6.70c.
6.75c
6.85c'
6.90c'

The follow in g show s the w e e k ’s tota l receip ts, the total
since Sept. 1 1905, and the stock s to -n ig h t, com p ared w ith
last year:
1905-06.
R eceipts a t —
J u ly 13.

This
w eek.

1 1905.

4,157
37
5,216>
1,011
5,378
U791
13
674
4
2,921

2,522,082
149,139
1,612,925
242,802
167,123
1,464,209
184,548
170,590
1,248
325,253

2,373
29

1904-05.
This
w eek.

S tock.

S in ce S ep

1 1904.

1906.

1905.

224

11,201

627,015
21,821
6,575
62,884
63,635
8,903

19,799 2,678,200
818 289,140
11,700 2,590,113
2,571 317,319
199,776
22,447 1,767,985
196,566
809
2,516 216,476
902
6,441
363,273
122
13,748 743,421
155
25,795
228
32,627
77,340
287
61,589
53
26
12,995

13,911

27,607

102,585
4,786
3,347
2,069

133,461
3,513
8,398
3,242

27,440 7,630,752

Galveston . .
Pt. Arthur, &e_
New Orleans . .
Mobile________
Pensacola, &c_
Savannah. . _
_
Brunswick . . .
_
Charleston . _
Georget’n , &c.
Wilmington_
_
Washingt’n, <
fcc.
Norfolk"
’
.
N ’port N ., &c_
New Y o r k _
_
Boston
Baltimore_
_
Philadelphia
Totals. . .

S in ce Sep

81,598 9,573,639

237,402

383,788

627
69
140

23,465

74,428

45,550
6,834

58,374
9,328

30,007
782
3,842

46,033
2,613
5,590

In order th a t com p a rison m ay be m ade w ith oth er years,
we g iv e b elow the totals at leading ports fo r six seasons:
R eceipts at

Galv’n, &c.
N . Orleans
Mobile _ . .
Savannah .
Ch'ston, &c.
Wilm ’n, &c.
Norfolk . _.
N ’p’t N.,&c.
All others..

1906.
4,194
5,216
1,011
4,791
678
2,921
2,373
29
6,227

1905.
20,617
11,700
2,571
22,447
2,516
6,441
13,748
155
1,403

1904.

1903.

166
5,921
581
1 ,433
17
75
748
215
747

193
4,344
47
18
30
95
214
398
665

1902.
1,048
5,955
4
1,568
102
18
1,245
763
3,713

1901.
15,180
10,470
105
5,787
224
47
3,843
384
13,535

6,004
14,416
9,903
49,575
27,440
81,598
Tot. this wk
Since Sep. 1 7,630,752 9,573,639 7,074,373 7,621,639 7,407,346 7,466,162

1

T he ex p orts fo r the w eek ending this evon in g reach a
total o f 55,457 bales, o f w hich 21,960 were to Great B ritain,
455 to F rance, and 33,042 to the rest o f the C ontin ent.
B elow are the e x p orts fo r the w eek and since Sept. 1 1905.

S U G A R . R a w , firm. Large sales have been reported of
late, prin cipally o f Cuba and P orto R ic o . Stocks in Cuba
are said to be steadily dim inishing. C entrifugal, 96-degrees
test, 3 2 3 -3 2 @ 3 % e .; m u scov a d oes, 89-degrees test, 3 7-32
W e e k en d in g J u ly 13 1906. F ro m S e p t. 1 1905 to J u ly 13 1906.
E xp orted to —
E x p o rted to —
@ 3 3 ^ c.;
m olasses, 89-degrees test, 2 3 1 -3 2 @ 3 c .
R e­
E x p o rts
C o n ti­
C o n ti­
G reat
R on t—
G reat
fined has been firm with a g o o d dem and; granulated
n e n t.
T otal.
B ritain . F r 'n c e n en t. . T ota l. B r ita in . F r a n c e .
4.60(2,4.70c. Spices have been steady with a g o o d jo b b in g
G alveston___
375 5,659 1.012,303 285,992 758,302 2,056,597
5,284 —
dem an d. Teas have been dull and stead y.
H ops have been
66,200 113.075
Pt. Arthur. &c.
46,875 ____
qu iet and steady.
New Orleans.. 5". 898
6,131 12,029 736,363 238,905 533.1454,508.413
43 219 136 810
54,45r 39,140
M obile.............
T O B A C C O has been dull and firm fo r K e n tu ck y . T he P ensacola___ 6,700
49.332 164,202
6,700
77,227; 37,643
Savannah ___
4.764 7,620 198,282 70.554 656.396 925,232
2,586 —
general situation shows no change. R ep orts in regard to
108 068 ........
40.483 148,551
4,400
9,900
5.500 ........
the new d om estic crop con tin u e generally fa v o ra b le , though Charleston___
Wilmington_
_
11,600 11.600 139,595 5.225 175,263 320.083
there are som e com p lain ts o f too m uch rain. It is estim ated N orfolk ______
24.822
12,545 9.000
3,277
225
6,755
6 530
___
that 2,400 bales o f Sum atra were purchased at the last of Newport News
New York___
1,196
455 9,669 11,320 171,516 25,243 285.646 482,405
the A m sterdam inscriptions.
9.892 145,190
Boston ...........
165 135.298 ........
139
26
54.496 149,336
K0.866; 13.974
Haiti m o re ___
PETROLELT
M has been a ctive and firm , but w ithout Philadelphia _.
38.065
35 300' ____
2 765
1.880
L880 ____
Portland, M e..
q u ota b le change. R efin ed, barrels, 7 .8 0 c ., cases 1 0 .3 0 c., San Pranclsco.
37,962
■ 3 '962
7
‘ "T o ' " s o
52,101
52,101
257
257
bulk 4.70c.
N aphtha has been a ctive and strong; 7 3 @ 7 6 Seattle ........... : : : : :
12,032
12,032
27
27
degrees, 17c. in 100-gallon drum s.
G asoline, 89-degrees, Tacoma ...........
4,849
4,848
Portland, Ore.
4,959
4 959
20c.
in
100-gallon
drum s.
N aphtha
and
gasoline
8,834
8,834) .........!
Detroit_______
are unusually high ow ing to a shortage o f supplies. Spirits
455 33.042 55,457 2,831,433 725,676 2,794,944 6 352,053
T o ta l........... 21,960
o f turpentine qu iet and steady at 603^c. Rosin m ore a ctive
and firm; com m on to g o o d strained $3 9 5 @ S 4 .
ToU l 1904-05 43,658 4,306 15,483 63,447 3.887.092 804.812 1,504,8488 256,752
C O P P E R steady; lake \ 8 % c ., e lectroly tic 1 8 % c .
Lead
In a d d ition to a b ov e e x p o rts, our telegrams to-night also
dull and easier at 5.75c. Spelter quiet and easier at 5.923^
(2,5.97L£c. Tin dull and low er; Straits 3 6 @ 3 6 .2 5 c . Iron g iv e us the follow in g am ou n ts o f cotton on sh ip board , not
qu iet and steady; N o. 1 Northern $18 5 0 @ $ 1 9 , N o. 2 S outh­ cleared, at the ports nam ed. W e add sim ilar figures for
ern $ 1 7 @ $ 1 7 50.
New Y o rk .

104

[VOL. LXXI1II.

THE CHRONICLE
On Shipboard, Not Cleared for —

600
1,200
800

200

.....

500
900

9,760
28,992
6,403

2,914
10,600

7,004
13,785
3,497

—

32,490
14,311
29,807
3,042
5,084
4,218
97,385
9,308

1 1,606
21 ,972
4,281

41,157
84,099
18,411

196,245
299,689
125,673

3,300
200

Total 1906
Total 1905
Total 1904

13,060
9,1 54
200
200
1,750
9,693
5,200
1,900

100
1,413
200
200

1,150

9,873
8,750
4,230

2,920
2,684

5,778
595

__

9,693

—

July —
Range
Closing
Range
Closing

622
942

G
c
t -> c
h
O1;- » o o s ?
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c
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1 1 oo o 1 oo o o o I OO oo op OO
toO » to
oo
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4fr 4 C co 4 b 0 toto
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eeG o
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1 1 4 b iu'lk ©4 _ico 21 b b roo > 4 oco
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1 1 oo oo oo_ oo> O 1 oo o 1 OO ,—f
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1 1 coo C | Ob 4 4 400 4 4 cob 4 b toto
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1 1 bb b | oot OC toG •*»4 C 0 b4O 4 CL
> - L .H ,- H —— — -. —
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- — —
—— -1
-4 •h > _ r — ►— >4 4
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—
1 1 1*I4 o 1 H>4 OO oo oo* oo_ OO oo
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1 1 oo
4 00 4 00 400 coco C to to►—
bt 4
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obi b
5
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o “ © 0 toto C © oo t
1 , ► 4 1 1 1® 1 1 1 1 l—®
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4
OO
o o OO o
o oo oo oo4 to^
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1 1 oo b | btbt CC o | 1to OM b co " C
—
4
C
O
11
«
t4i
——
t
—> >4 4 ►—1 I4 oo i— _
— ——
—V -4
—
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1 1 OO o 1 >4 4 OO o. | oo4 HM oo* oo
1 oo
Il
nO 4
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oo b
C r Cn b C. C O O c o4 c o o C C to"
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l•
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1 1® 1® 1 1® 1 I® 1 1 1® ^ S
®
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oo OO o
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1 1 ooo bl1 b b b O C 1 4 -4 4 4 b b " "
n
nQ
1 1 C o -I o jO OO n 4 4 O'- 4o© 4to“4
1—
4 0 11 1 4
1>4 1 *
—
11
—
August -

3,640
3,520

Total.

Leaving
stock.

June—
Range !
Closing

New Orleans
Galveston
Savannah. .
Charleston
Mobile
Norfolk
New York .
Other ports.

F U T U R E S .— H ig h , lo w and clo sin g p rices at N ew Y o r k :

...

Ger­
Other Coast­
Great
July 13 at— Britain. France. many. Foreign wise.

QS)|
0^ O^
'£3 1 3 |
i
ffq®

11 11

1® 1®
11 11
11 1 1
1 1 11
1 1
© ®

II

T
®

T h e sp ecu la tion in c o tt o n fo r fu tu re d e liv e ry has been
11 11
q u ie t, b u t p rices h a v e n everth eless gra d u a lly a d v a n c e d ,
11 11
p a rticu la rly fo r th e n e x t-c r o p m o n th s.
T his was du e largely
11 1I
to rep orts o f ex cessiv e rains and grassy c o n d itio n s in G eorgia
a n d th e C arolinas and to som e e x te n t also in the cen tral sec­ I® 1
®
tion o f th e b e lt.
I t has also been said th a t d ry w eath er
w as n eed ed in n orth ern T e x a s and m ore rain in w estern
11 11
1
A la b a m a .
M o reov e r, th e sta tistica l p o sitio n has e n co u r­ 1 1 1 1
11 1 i
1I I
aged th ose w h o are lo o k in g fo r higher prices.
R e p o r ts h ave
been in circu la tio n , t o o , th a t E u ro p e a n m ills w ere b u y in g
1 1
® ®
the a ctu a l co tto n freely a t the S o u th , large e x p o rte rs h a v e
been b u y in g D ece m b e r here and th e selling pressure from
11 I 1
th e S o u th , th ou g h it con tin u es to som e e x te n t, has sen sibly
11 11
re la x e d . S om e sligh t increase has been re p o rte d in the
11 I 1
1i
C hina d em an d fo r A m erica n c o tt o n g o o d s .
S om e o f th e lo ca l
traders, desp airin g o f fo rcin g p rices to a lo w e r basis, h ave
1© 1®
c o v e r e d th eir “ s h o r t” en gagem en ts and taken th e oth er side,
a t least te m p o ra rily . S om e lea d in g op era tors here are still
11
11 11
su p p osed to b e w ork in g as o p p o r tu n ity offers fo r higher 1 1 1 1
p rices, th ou g h n ow and th en o f late th e y are said to h a ve re­ 1 1 i i
d u ce d th eir h old in gs so m ew h a t.
H e a v y rains h ave fallen in
1 1
® ®
G eorg ia sin ce th e d a te o f the la st G eorgia S tate re p o r t,
J u ly 9; b u t this re p o rt m en tion s p o in ts in C herokee, U pson
11 11
T elfair an d C olu m b ia co u n tie s, w here rain has been n eed ed.
11 11
1 1 11 I l 1 o 1 o 1 o 1 o 1 O 1 O 1 o 1 O 1 o
1 11
T his fa c t a ttra cte d n o sligh t a tte n tio n a t th e E x c h a n g e .
1
M ost p e o p le , h o w e v e r, feel m ore or less a t sea as to th e situ ­
t4
—
bo
bo
to
to
to
4
to
to
to
C
O
C
O
C
O
C
O
to
©
o
a tio n .
T h eir im pression is th a t th e cro p as a w h ole is d oin g
c>
t
I®
1®
1®
I®
1®
1®
1®
1®
1©
1®
1® @ ®
t-4
p re tty w ell, b u t there are som e u n fa v o ra b le re p o rts as usual,
o
o
o
o
O
o
o
o
o
a n d , fu rth e rm o re , th ere is a lw a y s a p o ssib ility th a t so m e ­
4
14
|C
O
11 11 1
1 cn 1 C 1 »-* 1 4
n
1 1
O
1o
1 oo 1 C 1
11© 1M
1
1 1 1 1 1 1 1 00 1 ^
1 -J
th in g m a y h a p p en to th e crop in the a d m itte d ly critica l
m o n th s o f J u ly an d A u g u st. T h e sp ecu la tion has been so
T H E V I S I B L E S U P P L Y O F C O T T O N to -n ig h t , as m ad e
slow th a t it has n a tu ra lly la ck e d fea tu res o f v e ry strikin g u p b y ca b le and te le g ra p h , is as fo llo w s.
F oreign s to ck s , as
in terest, an d a b o u t th e o n ly salien t m a tte r has been a cer­ w ell as th e a flo a t, are th is w e e k ’s retu rn s, and con seq u en tly
tain u n d erton e o f steadiness arising fro m an u n certa in ty all fo re ig n figures are b r o u g h t d o w n to T h u rsd a y ev en in g .
a b o u t th e cro p o u tlo o k , usual a t this season o f the y e a r, B u t to m ak e th e to ta l th e co m p le te figures fo r to -n ig h t
an d th e fa c t , as it w o u ld a p p ea r, th a t a large y ie ld is n eed ed (F r id a y ), w e ad d th e ite m o f e x p o rts fr o m th e U n ited S tates,
to k eep p a ce w ith th e w o r ld ’s co n su m p tio n . T o -d a y th ere in clu d in g in it th e e x p o rts o f F r id a y o n ly .
was a sm all a d v a n ce , ow in g p a r tly to th e firm ness o f the
July 13—
1906.
1905.
1904.
1903.
8 3 2 ,0 0 0
4 1 3 ,0 0 0
4 5 3 ,0 0 0
L iv e rp o o l m a rk et an d som e b u y in g fo r L iv e rp o o l here, and S to c k at L iv e r p o o l______ b a les. 6 5 8 ,0 0 0
at L
on
1 7 ,0 0 0
1 4 ,0 0 0
1 6 ,0 0 0
1 4 ,0 0 0
p a rtly to persistent rep orts th a t th e re ce n t rains in the S to c k at Mo n d h e s_______________
S to ck
anc
t e r ___________
6 1 ,0 0 0
5 4 ,0 0 0
3 3 ,0 0 0
4 5 ,0 0 0
E astern section o f th e b e lt has h ad an in ju rio u s e ffe c t.
The
T o ta l G reat B rita in s t o c k ___ 7 3 6 ,0 0 0
9 0 0 ,0 0 0
4 6 2 ,0 0 0
5 1 2 ,0 0 0
trad ing w as still v e ry sm a ll, .a n d som e G erm an o p era tors,
H am bur
1 ,0 0 0
9 ,0 0 0
4 1 ,0 0 0
2 8 ,0 0 0
su p p osed to h a v e b e co m e bu lls d u rin g th e last few d a y s, S to c k at B r e m e n g ______________ 1 8 3 ,0 0 0
S to c k at
_______________
4
2 8 1 ,0 0 0
1 4 4 ,0 0 0
1 5 6 ,0 0 0
w ere selling.
S p o t c o tto n has a d v a n ce d 10 p o in ts during S to c k at A n tw e r p --------------------- ----------1 ,0 0 0
4 ,0 0 0
4 ,0 0 0
9 6 ,0 0 0
1 1 8 ,0 0 0
1 1 3 ,0 0 0
th e w eek , w ith m od era te tra n sa ction s.
M iddlin g u plan d s S to c k at H a v r e _________________ 1 0 5 ,0 0 0
S to c k at M arseilles______________
4 ,0 0 0
3 ,0 0 0
4 ,0 0 0
3 ,0 0 0
10.90c.
S to c k at B a r c e l o n a ____________
1 2 ,0 0 0
2 4 ,0 0 0
3 5 ,0 0 0
2 0 ,0 0 0
£

U PLAN DS.

Sat.

Mon.

Tues.

W ed.

Thurs.

Good Ordinary_________
Low Middling__________
Middling . _______ __ .
Good Middling. ______
Middling Fair____ ____

9.80
10.42
10.80
11.24
11.76

9.80
10.42
10.80
11.24
11.76

9.80
10.42
10.80
11.24
11.76

9.80
10.42
10.80
11.24
11.76

9.90
10.52
10.90
11.34
11.86

9.90
10.52
10.90
11.34
11.86

GULF.
Good Ordinary_______
Low Middling....... ...........
Middling
.
. _
Good Middling ____
Middling Fair_____ _

10.05
10.67
11.05
11.49
12.01

10.05
10.67
11.05
11.49
12.01

10.05
10.67
11.05
11.49
12.01

10.05
10.67
11.05
11.49
12.01

10.15
10.77
11.15
11.59
12.11

10.15
10.77
11.15
11.59
12.11

STA IN E D .
Low Middling__________
Middling
_
. . .
Strict Low Mid. Tinged.
Good Middling Tinged

9.30
10.30
10.46
10.80

9.30
10.30
10.46
10.80

■9.30
10.30
10.46
10.80

9.30
10.30
10.46
10.80

9.40
10.40
10.56
10.90

9.40
10.40
10.56
10.90

Fri.

T h e q u o ta tio n s fo r
J u ly 13 fo r each o f th e
1906.C-10.90
18 98 .c .
1905. __10.40
1 8 9 7 .-.
1 8 9 6 .. .
1904 .11.15
1895___
1903. ..12.40
1902.. . 9 5-16 1 8 9 4 ..
1 9 0 1 .. . SH
1 8 9 3 -..
1900.. -10M
1899.... 0 3-16

m id d lin g u p la n d a t N ew Y o r k on
p a st 32 years h a v e b e e n as. fo llo w s:
6 3-16
1890.C.12
1882.C.12 15-16
7 15-16 1889... A I M
1881__ 1liM
s
7 3-16
1880___11H
1888. -_10K
7 1-16
1887- .10K
1879____12 3-16
. 7 ys
1886.-. 9 9-16
1878____ 11 7-16
8 1-16
1885__ lOihs
1877- -12 3-16
1 8 9 2 .. . 7 5-16 1884.-.11
1876____ 11 %
1 8 9 1 --. 8VS
1875 — 15
1883__ lOf-8
M A R K E T AND SALES.

Spot Market
Closed.
Saturday
Monday_
_
Tuesday
Wednesday
Thursday _
Friday____
Total

--

S tea d y __________
Q u ie t ___________
Q u ie t ____
Steady
. _____
Steady 10 pts. ad.
Q u ie t ___

Futures
Market
Closed.
Barely steady
Steady____
F ir m _______
Steady______
Very steady.
Steady______

Sales of Spot and Contract.
Con- Con­
Export sum'n. tract.
J 33 1,400
L
ioo

_
_
—

100

1,300

—
1,433

Total.
1,533

900
200

1 ,400
900
200

2,500

4,033

S to c k at G e n o a _________________
S to c k at T r i e s t e ________________

5 0 ,0 0 0
7 ,0 0 0

T o ta l C on tin e n ta l s t o c k s ____

3 7 5 ,0 0 0

2 6 ,0 0 0
5 ,0 0 0

2 9 ,0 0 0
1 8 ,0 0 0

2 2 ,0 0 0
1 1 ,0 0 0

4 4 5 ,0 0 0

3 9 3 ,0 0 0

3 5 7 ,0 0 0

T o ta l E u r o p e a n s t o c k s _______ 1 ,1 1 1 ,0 0 0
1 ,3 4 5 ,0 0 0
I n d ia c o t t o n afloa t fo r E u r o p e .
1 3 4 ,0 0 0 1 0 3 ,0 0 0
A m e r . c o t t o n afloat fo r E u r o p e
1 4 3 ,6 0 2 1 7 5 ,0 0 0
E g y p t , B ra zil, &c., aflt. for E ’p e
2 4 ,0 0 0
2 4 ,0 0 0
S to c k in A le x a n d r ia , E g y p t
5 9 ,0 0 0
1 0 3 ,0 0 0
S to c k in B o m b a y , I n d i a _______ 8 1 8 ,0 0 0
8 7 9 ,0 0 0
S to c k in II. S. p o r t s ____________
2 3 7 ,4 0 2
3 8 3 ,7 8 8
S to c k in U . S. in te rio r to w n s . 1 7 6 ,7 5 2
1 8 9 ,6 1 7
U . S . e x p o r ts t o - d a y ____________
1 7 ,6 7 2
7 ,3 8 8

8 5 5 ,0 0 0
9 7 ,0 0 0
9 6 ,0 0 0
1 8 ,0 0 0
9 6 ,0 0 0
4 5 4 ,0 0 0
1 4 4 ,0 8 4
8 9 ,1 2 9
3 ,9 9 6

8 6 9 ,0 0 0
1 4 0 ,0 0 0
7 1 ,0 0 0
1 7 ,0 0 0
2 3 ,0 0 0
5 7 9 ,0 0 0
22 7 ,6 1 9
25,961
6 ,3 6 2

T o ta l v isib le s u p p ly _________ 2 ,7 2 1 ,4 2 8 3 ,2 0 9 ,7 9 3 1 ,8 5 3 ,2 0 9 1 ,9 5 8 ,9 4 2
O f th e a b o v e , to ta ls o f A m e r ic a n an d o th e r d e sc rip tio n s are as fo llo w s:

American—

L iv e r p o o l s t o c k _________ b a le s . 5 4 8 ,0 0 0
M an ch ester s t o c k _______________
5 5 ,0 0 0
C on tin e n ta l s t o c k _______________ 3 1 0 ,0 0 0
A m e r ic a n afloat for E u r o p e -----1 4 3 ,6 0 2
U . S . p o r t s t o c k s ________________
2 3 7 ,4 0 2
U . S . in te rio r s to ck s ----------------- 17 6,75 2
U . S . e x p o r ts t o - d a y ____________
1 7 ,672

Total American-----------------

East Indian, Brazil, etc.—

Liverpool stock--------------------London sto c k _______________
Manchester stock ----------------Continental stock____________
India afloat for Europe_____
Egypt, Brazil, &c., afloat...
Stock in Alexandria, Egypt _
Stock in Bombay, In d ia ____

7 6 1 ,0 0 0
4 8 ,0 0 0
4 1 4 ,0 0 0
1 7 5 ,0 0 0
3 8 3 ,7 8 8
1 8 9 ,6 1 7
7 ,3 8 8

.1,488,428 1,978,793
110.000
17.000
6,000
65.000
134.000
24 000
59.000
818.000

71.000
14.000
6,000
31.000
103.000
24.000
103.000
879.000

Total East Tndia, <fec.-.1,233,000 1,231,000
Total American---------------------- 1,488,428 1,978,793

2 9 2 ,0 0 0
2 4 ,0 0 0
2 6 1 ,0 0 0
9 6 ,0 0 0
14 4 ,0 8 4
8 9 ,1 2 9
3 ,9 9 6

3 6 1 ,0 0 0
3 9 ,0 0 0
2 7 6 ,0 0 0
71 ,0 0 0
2 2 7 ,6 1 9
25,961
6 ,3 6 2

910,209 1,006,942
131.000
16,000
9,000
132.000
97.000
18.000
96,000
454.000

92.000
14.000
6,000
81.000
140.000
17.000
23.000
579.000

943.000
910,209

952.000
,006,942

.2,721,428 3,209,793 1,853,209 1,958,942
Total visible supply
6.12d.
Middling Upland, Liverpool —
6.44d.
5.82d.
6.72d.
10.90c.
Middling Upland, New' York
12.50c.
10.40c.
11.05c.
lid .
Egypt, Good Brown, Liverpool
8 7-16d.
13-16d. 9 7-16d.
8.65d.
9.80d.
Pefuv. llough Good, Liverpool
9.00(1.
10.50d.
Broach, Fine, Liverpool______ 5 ll-1 6 d 5 9-16d.
13-16d.
5M d.
5h*d.
Tinnevelly, Good, Liverpool —
54Sd.
5 5-16d.
ll-1 6 d .

C on tin en ta l im p o rts p a st -week h a v e been 50,000 bales
T he a b o v e figures fo r 1906 sh ow a d ecrease fr o m last w eek
o f 146,840 b a le s, a loss o f 488,365 bales fro m 1905 and
an excess o f 868,219 bales o v e r 1904.

THE CHRONICLE

J u l y 14 1906.]

A T T H E IN T E R I O R T O W N S the m ov em en t— th a t is,
the receipts for the w eek and since S ept. 1. the shipm ents
fo r the week and the stock s to -n ig h t, and the sam e item s for
th e corresponding p eriod fo r the p reviou s year— is set ou t
in details below .
^ 2 0; o s k
-AS
C 1
OC * I «
c_ —o o p 2.c e © £. 2s*<*;
c 2
.1
l5>H § .§
- '3
-™ “ ^ 9- — 5 3
-.< *
C x j:
T
Q
2-- <- 3 Ei£r:3:<<i_p- C C
- N 3 O•.cr r
-— *-!
If
“ s
j
O
O = 3 «r& | ’ $ fO ■
o
?r
HKOiJb;
2 2 ~'*1 i?
3 k “ o -■
.3 C ° '^-O
tc O o a
p

Q U O T A T IO N S F O R M ID D L IN G C O T TO N A T O T H E R
M A R K E T S .— B elow are the closin g qu ota tion s o f m iddlin g
co tto n at Southern and oth er p rin cip a l cotton markets for
each d a y o f the w eek:
Closing Quotations for M iddling Cotton onITeefc ending
J u ly 13

S a t 'd a y .

M on day.

G alv eston _ . 11 1-16
N ew O rleans- 11 Ys
M obile ______ 10M
S avan n ah ___ 10 %
C h a r le s t o n ..
W ilm in g to n . . 10M
N o r f o l k _____ 11 1-16
B o sto n _____ 10.80

11 1-16

B a ltim o r e ___ l l J4

>
o >
o
»
P
*
o
.-i . P - : P
■3. - P 3
p
0
0

So o
>
_W3. ’i3
£ PO
•
© 3 ?r
3 p <:
J <

105

1 1 Vs

P h ilad elp h ia . 11.05
A u g u s ta _____ 11H
M e m p h is ____ 1QM
S t. L o u is ____
H o u s to n _____ 11
L ittle R o c k _ . 1 0 %

1 0J|

C
3

*1 »-*
—
© ■©' C tOX*—
•—
O
‘
toC O © —X
n
O
-I
to
P O O P
** ^Cn© C
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PXC -4 * -sJ-gcO to »n'• 00 ►M©O
nC — -g X-vJC> C “* k tO
♦PXCOJ^OX-^XCn.^*-*- ► C nX

C-^
c
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s — p
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—
*X
i 1 >k—
— —*
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—X — ►© > C '— C OP *dO P WO £»Cn^4Cn>P©tO©CnO©tO C p
— »-* n O i
*
3 =
5 x c t o o w ^ , PP^tcc*^c:totcow*vjwxM O‘JCOowwa;w i
V 5 -os'x'>—
sb»POtOtlp X n — toco © X k !
C '> to
P
coVj X ©©VdWo VV©Oo i 0 -tC
kPO^CPPtOPOOWCn^OiOiOOWOOOOOOOP-OOCOOO'-'OOORDOO 1
-‘ 0 tCCOtOOPOJ*^'JP^10tCOCOT“ OCOOP> |lCDOO>P'-tv'-PW
5

11 %
10%

T u e s d a y . W e d ' d a y .\ T h u r s d ’y .

11 1-16
11J*
h im

11 1-16
11%

11 1-16
11%

11%

10%
11%

10%

1%1

11 %

10%

10%

10%

io%

io %
n %

10 %

n Ys

10.80
11.05
11 1-16
10K
io k

n
10H

10.80
11%
11.05

11%
lOVs

10%

11

10%

F r id a y

11 1-16
11%
10%

10.80

10 %
10 %

10.80

10 %
10 %

11%

11%

10.90
11 %
11.15
11%

10 15-16

10 15-16

11

11

11
10%

10 %

11.05
11%

10%

10%

11.15

11

11

11

The closin g q u o ta tio n s to -d a y (F r id a y ) at oth er im p ortan t
Southern m arkets were as follow s:
A t l a n t a ______ 1 0 %
C olu m bu s, G a .1 0 %
C olu m b u s,M iss.1 0 %

| o u i s v i l l e ____ 1 1 %
L
| o n tg o m e r y . . 10 %
M
IN a sh v ille_____ 1 0 %

IN a t c h e z . . .
|R aleigh _ . . . 1 1 %
IS h reveport
10%

N E W O R L E A N S O P T IO N M A R K E T .— T he h ig h est,
low est and closin g q u o ta tio n s for leading op tion s in the New
Orleans co tto n m arket fo r the past week have been as follow s:

» *O X O 1>-1 Oi — — bOtO>POt>—X
—
‘
XCO»P<ItOCOi tO © ► i
-*
X O ^ J O t O — bOXtOtOOOvPkPtO*—O -— X C nC ntO O ‘ cOcOkP

OCmOPXOUCPWCTk-CWOCOOiOOiCTWO^CPP' kP k
MP

cO -4 ''I to C
kP
n
» WPlOWM00s-Ch kPO^-j
-*
-v -vJOoLp < tO>~PC 05X to C © " Pk < C Clo 05*P VoiOO I
j
T P> O
n
k"P 1 n O
k
^OOOOWXPPXOCXOOCStPCOOOOiWOiEik-Ci^COO
C W SC -'-O C tO C ^ C S —— h1 to X C XtOP-Oi > C X '
C—
O
PO
« k to to
— P
to
X tO •1 to
—
—toco — ‘ X C to —k to « W-Oto O X to cnC O C X C I i.N
O
P -*
O
O
O
-——.ptO C kPX^l — OtOkPXQ5tOCOX>— Q C X Q COtol ^ £
kP O
OOOkPC50tOkP05CntOkPCOWk-OX I
CiQOtOChMQtCCvl 050
C tO O O 5
tfe
C k1 0
O — 5
—k
‘ -*
to
k•
P— to C < | G C
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—to
*
‘
nn
cotooto I o -.
o p to C X ——©tOCn—Cn©©<JtOO“-lC C 05-d05tOt0C0X'—
* O
5 5
-sjC X XWNOtOXX - P00kP^ChW05t0*4X00CDOt0i-O^OkPC0 0 1 S f®
»
C C *C — |o V -o C X C V cnv X toC V cO© 0 C7 C ootoV o
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O O
n
0 np n
0 0 V o ■vlWOWtOPOik-W-OOOOOMOCOSHMOJOOTWOkPOW^O
55
cO-PC O P^CnvjOiChClOtCOOO^tO C C 0 C0OM
n
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'-J>
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n
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-v
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O
C I C5kP©kPCnC0^4X05kPX^©t0Ot0C0C0^JC0X05*--*C0XC0 3*5
n
CX
n
XX' —©-'JCnX©CnCn<JO©OXCnOXO<P-‘ ©X^-X©OX
‘
O “Ocn• O'— X^CnCO —OXOOOQCOOXtOO^OtkPMH kP«O X
'
'
tO
O
—p. cn ----- P X —P to to C pcntOPPP X to P
<
n
x 05 to oo ton* m b b o © o ca b h flo'w h m * h o i V o m m
m
w
O-lOO^OtOtOODOiPWOJOOCOC^^^WODOOM^OOCOOOW
QCnOOOXcOQ5C5CtocnX —Cnoocnto-*4CnPCntOOXCQCnP*->— X
to

O V E RLAN D M OVEM ENT FOR TH E W E E K AND
SIN C E S E P T . 1.— W e g iv e b elow a statem en t show ing
the overlan d m ov em en t fo r the w eek and sin ce S ept. 1,
as m ade up from telegraphic reports F rid a y n igh t. The
results for th e w eek and sin ce Sept. 1 in the last tw o years
are as follow s:
------- 1 9 0 5 -0 6 -------S in ce
J u ly 13—
S h ipped —
W eek.
S ep t. 1.
V ia S t. L o u is.
______
3,1 1 2
47 7,36 4
V ia C airo . ___
___
___
230
200,900
V ia R o c k Island
...
. .
178
44,450
____
859
100,697
V ia L o u is v iU e ________
746
V ia C in c in n a t i:_______
58,204
V ia oth er ro u te s, & c ------------------ 2,0 76
261,533

--------1 9 0 4 -0 5 ------S ince
W eek .
S ep t. 1.
625,459
4,5 80
329,575
1,619
52,695
233
101,352
1,507
58,586
679
34 4,824
4,1 18

T o ta l gross o v e r la n d . . _____
Deduct shipm ents—
O verland t o N . Y . , B o sto n , &e
B etw een in terior t o w n s _______
In la n d , & c ., fro m S o u t h ______

12,736 1,512,491

4,073

141,997
19,581
65,947

T ota l to b e d e d u c t e d ________

4,909

22 7,52 5

1,655

277,671

L ea v in g total net o v e r la n d .a ____ 2,2 92

915,623

11,081

1 ,234,820

836

594
382
679

184,551
36,011
57,109

a In clu d in g m o v e m e n t b y rail to C an ada.
T h e foreg oin g show s the w eek's net overlan d m ovem en t
has been 2.292 bales, again st 11,081 bales fo r the week last
year, and th at fo r the season to date the aggregate net o v e r­
land exh ibits a decrease from a year ago o f 319,197 bales.
--------- 19 05-0 6----------------------1 9 0 4 -0 5 ----------

In Sight anil Spinners’

Week.
27,4-10

T akings.
R eceipts at ports to Ju ly 13
Net ov erla n d to Ju ly 13

2,292
46,000

Week.

Since
Sept. 1.

81,598
c l ,081
4 4 ,000

9 ,5 7 3 ,6 3 9
1 ,234,820
1,932,000

Since
Sept. 1 .

7 ,6 30,7 82
915,623
2 ,0 3 3 ,0 0 0

T ota l m a r k e te d ________________ 75,732 10 ,579 ,375 136,679 12 ,740 ,459
127,957
Interior sto ck s in e x c e s s _________ a 9 ,676
41,575 a l l , 933
Cam e in to sight d uring w eek
T ota l in sight Ju ly 13
___
N orth , s p in ’s ’ tak in gs to Ju ly 13 .

124,746
66,056
12,868 ,416
............ 10 ,620 ,950
6,9 60

2 ,2 82,4 89

20.292

2 ,2 4 5 ,3 9 4

a Decrease d u rin g w eek.
M ovem ent in to sight in p reviou s years:
W eek.
1904— J u ly
190.3— Ju ly
1902— Ju ly
1901— Ju ly

1 5 ................... ..
17.
_____ .
I S . .......... ........
1 9 . ................... ..

B ales.
.4 3 ,5 5 0
.4 3 ,0 5 7
.4 0 ,7 6 3
.5 9 ,3 6 5

S in ce S ept. 1—
1903-04— Ju ly 15
1902-03— Julv 17
1901-02— Ju ly 18.
1000-01— Ju ly 19

July—

R a n ge ____ 1 1 .1 0 -. 15 10 .9 1 -.0 4 10 .9 7 -.0 5 11 .0 7 -.1 0 10.97-.01 1 1 .05-.07
C lo sin g ____ 1 1 .0 7 -.1 0 1 0 .94-.96 ll .0 4 - .0 7 11.00 -.02 11 .02-.04 11.05 —

August—

R a n g e ____ 1 0 .60-.63 1 0 .5 2 -.5 6 10 .5 7 -.6 5 10 .6 2 -.7 0 1 0 .58-.67 1 0 .6 8 -.7 6
C lo sin g ____ 10.60-.61 10 .5 4 -.5 5 1 0 .67-.68 1 0 .62-.63 10 .67-.69 10.68 —

October—•

R an ge ____ 1 0 .26-.29 10 .2 0 -.2 5 10 .2 3 -.2 5 10 .3 0 -.3 5 10 .28-.37 1 0 .35-.42
C lo sin g ____ 10.26 — 10.22 — 10 .3 3 -.3 4 10 .30-.31 1 0 .36-.37 1 0 .3 3 -.3 4

December—

R an ge ____ 10 .2 9 -.3 2 10 .2 3 -.2 8 10 .2 4 -.3 7 10 .3 2 -.3 8 10 .3 0 -.4 0 10 .3 7 -.4 4
C lo sin g ____ 10.29 — 10 .2 4 -.2 5 10 .3 5 -.3 6 1 0 .32-.33 1 0 .38-.39 10 .3 7 -.3 8

January—

R a n g e ____ 10 .3 5 -.3 6 1 0 .30-.33 10 .3 1 -.4 0 — @ 43 1 0 .42-.45 — @ —
C lo sin g ____ 1 0 .3 5 -.3 6 10 .3 1 -.3 2 10 .41-.43 1 0 .3 8 -.4 0 10 .4 4 -.4 6 10 .4 3 -.4 5

Tone—

S p o t _______
O p t i o n s _____

Q u ie t .
D ull.

D u ll.
S te a d y .

S tea d y .
S te a d y .

Q u ie t.
Q u iet.

Q u iet.
S tea d y .

S tea d y .
B a ’ly s ’y.

i

T he a b ov e totals sh ow th a t the in terior stock s h ave de­
creased during the w eek 9,676 bales, and are to -n ig h t 12,865
bales less than at the sam e p eriod last year. T he receipts
at all the tow ns h ave been 35,293 bales less than the same
w eek last y ear.

7,201 1 ,1 43,1 48

Sat’day. Monday, Tuesday, Wed’day. Thursd’y, Friday,
July 7. July 9. July 10. July 11. July 12 . July 13.

B ales.
,92 7,26 5
,546,936
,1 63,201
,176,034

W E A T H E R R E P O R T S B Y T E L E G R A P H .— T elegraph ic
advices to us from the South this even in g den ote th at the
vreather has con tin u ed fa v ora b le as a rule du rin g the w eek.
In m ost sections o f the b e lt rain has fallen , m od erately on
the wr o le ,b u t in a few loca lities the p recip ita tion has been
h
rather h ea v y . W h ile m ost o f ou r correspon dents rep ort the
crop as progressing fa v o r a b ly , there are som e com p lain ts o f
grass and th a t the p lan t is sm all.
G alveston, T e x a s .— T he crop is d oin g well on the whole
in T exa s. There are som e com plain ts o f shedding and bollw eevil and an excess o f m oisture in som e places. It has
rained on one d a y during the w eek, the rainfall being ten
hundredths o f an in ch . T he therm om eter has ranged from
78 to 88, averaging 83.
A b ile n e, T e x a s .— R ain has fallen on fou r days o f the w eek,
the rainfall being one inch and fifty -six hundredths. A ver­
age therm om eter 77, highest 92, low est 62.
B renh a m , T e x a s .— T he w eek’s rainfall has been one inch
and n in ety-fou r h un dredth s, on fou r d ays. The th erm om e­
ter has averaged 83, the highest being 93 and the low est 72.
C orpus C h risti, T e x a s .— There has been rain on tw o days
o f the w eek, the p recipitation reaching fo rty hundredths o f
an inch. T he th erm om eter has averaged 82, ranging from
72 to 92.
C u ero, T e x a s .-— It has rained on four days during the week
the rainfall being one inch and fifty-n in e hundredths. T he
therm om eter has ranged from 71 to 97, averaging 84.
D allas, T e x a s .— T he w eek ’s rainfall has been forty -tw o
hundredths o f an in ch , on three d ays. A verage th erm om ­
eter 81, highest 94, low est 68.
F ort W o rth , T e x a s .— W e have had rain on tw o days o f the
past w eek, the rainfall reaching fourteen hundredths o f an
in ch . T he therm om eter has averaged 82, the highest being
94 and the low est 70.
H en rietta , T e x a s .— There has been rain on three days of
the w eek, the precip itation reaching sev en ty-on e hundredths
o f an inch. T he therm om eter has averaged 83, ranging
from 66 to 96.
H u n tsville, T e x a s .— There has been excessive rain on three
d ays o f the w eek, the rainfall reaching three inches and
seven ty-n in e hundredths. T he therm om eter has ranged
from 70 to 97, averaging 83.
K errville, T e x a s .— T he w eek ’s rainfall has been one inch
and eight.y-three hundredths, on tw o days. A verage ther­
m om eter 84, highest 99, low est 69.
L a m p a sa s, T e x a s .— T he w eek's rainfall has been three
inches and five hundredths, on six flays. The therm om eter
has averaged 80, the highest being 93 and the low est 66.
L on g v iew , T e x a s .— T here has been rain on fou r days during

106

the w eek, the rainfall reaching thirty-nine hundredths o f an
inch.
The therm om eter has averaged 83, ranging from
70 to 95.
L u lin y, T e x a s. — Rain has fallen on three days o f the week,
the rainfall being forty-five hundredths o f an inch. The
therm om eter has ranged from 69 to 96, averaging 83.
Nacoydoches, T e x a s. — Rain has fallen on one day o f the
week, the rainfall being six hundredths of an inch. Average
therm om eter 80, highest 94, low est 65.
P alestine, T e x a s. — The w eek’s rainfall has been forty-nine
hundredths o f an inch, on three days. The thermom eter
has averaged 80, the highest being 90 and the low est 70.
P a ris, Texas.- — W e have had heavy showers on three days
o f the week, the rainfall being one inch and eighty-three
hundredths. The therm om eter has averaged 79, ranging
from 64 to 93.
S an A n ton io , T exa s. — It has rained excessively on four
days during the week, the rainfall being three inches and
seventy-seven hundredths. Therm om eter has ranged from
68 to 94, averaging 81.
Weatherford, T e x a s. — The w eek’s rainfall has been one
inch and tw enty-seven hundredths, on three days. Average
therm om eter 83, highest 98, low est 67.
N ew Orleans, L ou isia n a . — It has rained on four days during
the week, the precipitation reaching two inches and eightyfour hundredths. The therm om eter has averaged 83.
Shreveport, L ou isia n a . — There has been rain on three days
during the week, the rainfall reaching thirty-eight hundredths
o f an inch. The therm om eter has averaged 80, ranging from
69 to 90.
C olu m bu s, M is s is s ip p i. — Crop conditions ideal and pros­
pects p oin t to a bum per yield.
Leland, M is s is s ip p i. — R ain has fallen on two days o f the
w eek, the rainfall being tw enty-four hundredths o f an inch.
Average therm om eter 76.3, highest 86, lowest 64.
V ick sb u ry, M i s s i s s i p p i . — W e are having too many showers.
W e have had rain on three days o f the past week, the rainfall
reaching forty-seven hundredths o f an inch. The ther­
m om eter has averaged 80, the highest being 91, and the
low est 70.
H elen a, A rk a n sa s. — Cotton looks beautiful, but is too
rank. W e have had rain on three days during the week,
the rainfall being seventy hundredths o f an inch, with more
in the im m ediate v icin ity . The therm om eter has ranged
from 68 to 88, averaging 79.
N ashville, Tennessee. — C otton fields are clean, but the
plan t is small and needs favorable conditions. W e have had
rain during the week to the extent of seventeen hundredths
o f an in ch . The therm om eter has averaged 77, ranging
from 64 to 90.
M e m p h is, Ten n essee. — Crop prospects fine.
The w eek’ s
rainfall has been sixteen hundredths of an inch, on tw o days,
and it is now raining. The therm om eter has averaged 77.2,
the highest being 86 and the low est 66.8.
M o b ile, A la ba m a. — Showery weather in the interior w ith
heavy rain in some sections. Crop reports are generally
very favorable, bu t there are some com plaints o f too much
rain, excessive grassy con dition and scarcity o f labor. Rain
has fallen on four days o f the week, the rainfall reaching one
inch and six ty -six hundredths. The therm om eter has
ranged from 72 to 95, averaging 81.
M onty ornery, A labam a. — C otton is progressing finely, bu t
there is too much rain in spots. R ain has fallen on four days
o f the week, the rainfall being one inch and ninety-three
hundredths. Average therm om eter 78.
M a d iso n , F lorid a . — Fields are grassy in consequence o f
excessive m oisture. There has been heavy rain on six days
during the w eek, the rainfall reaching six inches and tw entyfive hundredths. The therm om eter has averaged 78,
ranging from 69 to 88.
Savannah, G eoryia. — The w eek ’s rainfall has been one inch
and thirty-three hundredths on five days. Average ther­
m om eter 79, highest 88, low est 70.
Charleston, South Carolina. — W e have had showers on five
days o f the week, the rainfall being sixty hundredths o f an
inch. The therm om eter has averaged 79, ranging from 72
to 89.
Greenwood, South Carolina. — There has been rain on two
days during the week, the rainfall being one inch and th irtyeight hundredths. The therm om eter has ranged from 66 to
83, averaging 75.
Statebury, South Carolina.— W ell-drained high-land crops
are fine, bu t low grounds have not recovered from late over­
flows. R ain has fallen on three days o f the week, to the ex ­
tent o f forty-seven hundredths o f an inch; remainder o f week
clou d y and cool. Average therm om eter 77.5, highest 88,
low est 67.
Charlotte, North Carolina. — Crops are doing very well.
W e have had rain during the past week, the rainfall reaching
fifty-six hundredths o f an inch. The therm om eter has
averaged 75, the highest being 88 and the lowest 66.
The follow ing statem ent we have also received b y tele­
graph, showing the height o f rivers at the points nam ed,
at 8-a. m . o f the dates givon:
July 13 1906. July 14 1905.
Feet.
Feet.
New Orleans________ Above
Memphis___________ Above
Nashville___________ Above
Shreveport__________ Above
Vicksburg___________Above

fVqi,. Ln n u .

THE CHRONICLE.

zero
zero
zero
zero
zero

of
of
of
of
of

gauge.
gauge.
gauge.
gauge.
gauge.

6.3
13.0
7.9
2.8
20.8

13.1
21.6
11.1
21.9
33.1

IN D IA C O T TO N M O V E M EN T F R O M A L L P O R T S .—
The receipts o f cotton at B om bay and the shipm ents from all
In d ia ports for the week and fo rthe season from Sept. 1 for
three years have been as follow s:
July 12.

1905-06.

Receipts at—

I Since
Week. 1 Sept. 1.

Bombay. ______

Week.

6,000 2,519,000

Total all—
1905-06_______
1904-05_______
1903-04_______

1 Since
Week. ! Sept. 1.
7,000 J
2,086,000

Since September 1.

Total.

1,000 21,000 22,000
32,000 32,000
4,000
4,000
1,000

Since
Sept. 1.

28,000 2,583,000

For the Week.
Great Conti­
Britain. nent.
Bombay—
1905-06_______
1904-05_______
1903-04. . . . .
Calcutta—
1905-06_______
1904-05...
1903-04_____ _
Madras—
1905-06_______
1904-05_______
1903-04_______
All others—
1905-06_______
1904-05_______
1903-04_______

1903-04.

1904-05.

Great
Britani.

Conti­
nent.

Total.

56,000
20,000
94,000

841,000
386,000
855,000

897,000
406,000
949,000

2,000
2,000
1,000

3,000
—

110,000
39,000
43,000

116,000
42,000
47,000

1,000
1,000

3,000
3,000
10,000

41,000
14,000
34,000

44,000
17,000
44,000

5,000
5,000
2,000

. . . .

6,000
3,000
4,000

1,000
1,000
1,000

3.000
2,000
1,000

6,000
5,000
2,000

19,000
10,000
19,000

159,000
221,000
247,000

178,000
221,000
266,000

29,000 32,000
40,000 40,000
7,000
7,000

84,000 1,151.000 1,235,000
36,000! 650,000 686,000
127,000 1,179,000 1,306,000
1

A ccording to the foregoin g, B om b a y appears to show a
decrease com pared with last year in the w eek ’s receipts of

22.000 bales. E xp orts from all In d ia ports record a loss of
8.000 bales during the week and since Sept. 1 show an
increase o f 549,000 bales.
E U R O P E A N C O TTO N C O N SU M PT IO N TO J U L Y 1.—
B y cable to-d a y we have Mr. E llison ’s cotton figures brought
down to July 1. W e give also revised totals for last year
that com parison m ay be m ade. The spinners’ takings in
actual bales and pounds have been as follow s:
Oct. 1 to July 1.

Great Britain.

Continent.

Total.

For 1905=06.
3,114,000
4,392,000
7,506,000
Takings by spinners.. bales
486,2
Average weight of bales.lbs.
495
480
Takings in pounds________ 1,541,430,000 2,108,160,000 3,649,590,000
For 1904=05.
_
3,043,000
4,459,000
7,502,000
Takings by spinners_ bales
490
497.7
Average weight of bales.lbs.
509
Takings in pounds.
. . 1,548,670,000 2,184,910,000 3,733,580,000

A ccording to the a b ov e, the average weight o f the d eliv ­
eries in Great Britain is 495 pounds per bale this season,
against 509 pounds during the same tim e last season. The
Continental deliveries average 480 pou nd s, against 490
pounds last year, and for the whole o f E urope the deliveries
average 486.2 pounds per bale, against 497.7 pounds last
season. Our dispatch also gives the full m ovem ent for this
year and last year in bales o f 500 pounds.
Oct. 1 to July 1.
Bales of 500 lbs. each.
000s omitted.

1905-06.

1904-05.

Great Conti­
Great Conti­
Britain nent. Total. Britain nent. Total.

Spinners’ stock Oct. 1 -----Takings to July 1. -------

256
3,083

621
4,216

877
7,299

57
3,097

315
4,370

372
7,467

Supply-------- ----- ----------Consumption, 39 weeks-----

3,339
2,886

4,837
3,939

8,176
6,825

3,154
2,756

4,685
3,861

7,839
6,617

Spinners’ stock July 1 -----

453

898

1,351

398

824

1,222

74
74
74
74
74
74
74
74
74

101
101
101
101
101
101
101
101
101

175
175
175
175
175
175
175
175
175

68
68
68
72
72
72
72
72
72

99
99
99
99
99
99
99
99
99

167
167
167
171
171
171
171
171
171

Weekly Consumption,
000s omitted.
In
In
In
In
In
In
In
In
In

October-----------------November . ------- . ..
December_____________
January ____________
February ---------------- .
March . .
.— _
April. __ . — ..
May
_
_ ....
June _____
_____ . .

Our cable states that Mr. Ellison has revised his estim ate
of consum ption on the Continent by adding 2,000 bales per
w eek for the current season.
The foregoing shows that the weekly consum ption is now
175.000 bales o f 500 pounds each, against 171,000 bales of
like weights at the corresponding tim e last year. The total
spinners’ stocks in Great Britain and on the Continent have
decreased 78,000 bales during the m onth and are now
129.000 bales more than at the same date last season.
JU T E
bagging
changed
grades.

B U T T S , B A G G IN G , & c.— The m arket for jute
has been very dull the past w eek, w ith prices un­
at 8 % c . for 1 % lbs. and 9J^c. for 2 lb s., standard
Jute butts also dull at 3 @ 4 c . for bagging qu ality.

J u l y 14 1906. J

THE CHRONICLE.

W O R L D ’S SU PPLY AND T A K IN G S OF COTTON.—
The following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1. for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like periods.
1905-06.
Cotton Takings
Week and Season.

W eek.

1904-05.

Season.

W eek.

Season.

3.31S.376
Visible supply July 6_
2,SOS,268
1,123,S87
2,545,470
Visible supply Sept .1 --------60,056 10,020,950 124,746 12,808,416
American in sight to July 13 _.
28,000 2.5S3.000
0,000 2,519,000
Bombay receipts to July 12__
280,000
5.000
10,000
338.000
Other India ship'ts to July 12_
828,900
700
200
783,200
Alexandria receipts to July 11
4.000
168,000
460.000
7,000
Other supply to July 11 . a -----2,957,524 17,260,620 3,4S3,822 17,852,203

Total supply_ __ ____
_

Deduct—■
Visible supply July 13----------- 2,721,42S 2,721,428 3,209,793

236,090 14,545,192
179.S90 10,770,992
56,200 3,774,200

Total takings to July 13
.
Of which A m erican __ ____
Of which o th e r ______ ____

3,209,793

274,029 14,642,410
197,329 11,367,510
77,700 3,275,900

107

The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Great French Ger- - —Oth. Europe —■Metc.,
Britain. ports. many. North. South. <fcc. Jafui n .

_
New Y ork _
New Orleans.
G alveston _
_
P en sa cola _
_
Savannah _
_
W ilm ington..
Boston _____
San Francisco
Seattle .........
T a co m a _____

1,196
5,898
5,284
6,700
2,856

455

- - - -

__
____
___
___
___
___

—

1,313
821
375

639

4,389
11,600

375

—

___
26
___

T o t a l_____:21,960

7,559
5,310

58

10D

. . .

80
257
27

197

46 !

55,457

139

_______

___

—

455 18,498

___

—

__

Total.

! 1,320
12,029
5,659
i ,700
7,620
11 ,600
165
80
257
27

—

1,014 12,869

Cotton freights at New York the past week have been as
follows:
Sat.
Mon.
Tucs.
W ed.
Thurs.
F ri.

L iverpool___
r. 13(2 14 13@ 14 13 (a1
14
Manchester.
c. 14 p i 5 14 @ 15
15
18
18
Havre, prompt c.
18
18
18
18
B rem en............. c.
Hamburg ___ c.
20
20
20
Antwerp . . _.c.
15
15
15
21
21
Ghent, v. A n t. _c.
21
Reval, indirect_c.
27
27
27
Reval, v. Canal.c
Barcelona, Aug-C.
30
30
30
G e n o a ________ e.
18
18
18
32
32
32
Trieste________ c.
Japan................. c.
55
55
55
Quotations are cents per 100 lbs.

13(2,14
15
18
18
20
15
21
27

13@14
15
18
18
20
15
21
27

13(2 14
15
18
18
20
15
21 -I
27^

30

30

30

18
a Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c18
1832
32
32
r- A L E X A N D R IA RECEIPTS AND SHIPM ENTS OF
55
55
55
COTTON.— Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
LIV E R P O O L.— By cable from Liverpool we have the
nowj'receive a weekly cable of the movements of cotton at following statement of the week’s sales, stocks, &c., at
Alexandria, Egypt. The following are the receipts and that port:
June 22.
June 29.
July 6.
July 13.
shipments for the past week and for the corresponding week
Sales of the week......... bales. 52,000
35,000
38,000
33,000
of the previous two years:
Of which exporters t o o k .. 1,000
1,000
2,000
2,000

Alexandria, E gypt,
July 11.
This w e e k _________
Since Sept. 1_______

Exports (bales)—
To
To
To
To

L iv e r p o o l______
M anchester_______
C on tin en t________
Am erica___________

_
Total e x p o rts _ _____

1904-05.

1903-04.

1,500
5,873,927

5,000
6,216,439

200
6,459,695

Since
This
week. Sept. 1.

Receipts (cantars a)—

1905-06.

Since
This
week. Sept. 1.

Since
This
week. Sept. 1.

1,750 198,328
171,006
5~250 321,722
200 69,109

3,750 218,053
146,219
8",750 319,386
400 71,484

3,000 231,591
135,176
5",666 344,008
800 52,239

7,200 760,165 12,900 755,142

8,800 763,014

a A cantar is 98 lbs.

This statement shows that the receipts for the -week were
1,500 cantars and the foreign shipments 7,200 bales.
M ANCHESTER M A R K E T .— Our report received by
cable to-night from Manchester states that the market
is firm for yams and quiet for shirtings. The demand
for India is poor. W e give the prices for to-day below
and leave those for previous weeks of this and last year
for comparison:
1906.
32s Cop.

Twist.

J'ne d.

8 9H
15 9H
22 9H
29 9K
July
6 9K
13 9 5-16

•
i
i
'

10X

10^

2,000
27,000
7,000
60,000
658,000
548,000
21,000
8,000
79,000
54,000

32,000
5,000
82,000
704,000
599,000
45,000
39,000
70,000
40,000

The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Spot.
Market
12:15
P ,M .

Saturday.
)
}
j

Quiet.

Monday.

Tuesday.

Dull.

Wed’day.
Very

Dull.

Thursday.

dull. Very

Fridayi

dull.

Quiet.

Mid .Upl’ds

6.14

6.12

6.10

6.16

6.10

6.13

Sales _
Spee.&exp.

5,000
500

5,000
500

5.000
2.000

4,000
400

4.000
1.000

6,000
1,5 0 0 3

Futures.

Market
opened

Market
4 .m.
p

Quiet at
\ partially
/ 1 pt. dee.

Quiet at
3 points
decline.

Steady at
1 point
advance.

Steady at
4 @ 6 pts.
advance.

Quiet at
2 points
decline

Steady at
3© 5 pts.
advance.

1 Steady at
1@ 4 pts.
1 advance.

Easy at
6@ 7 pts.
decline.

Steady at
3 @ 4 pts.
advance.

Quiet at
2 @ 3 pts.
advance.

Steady at
2 @ 3 pts.
decline.

Steady at
6@ 7 pts.
advance.

The prices of futures at Liverpool for each day are givon
below. Prices are on the basis of Uplands, Good Ordinary
814 lbs. Shirt­ Cot'n clause, unless otherwise stated.

d.
9
9
9
9

32s Cop.
Twist.

d.
d. d.
@ 8 9-16
6.07 7 11-16@ 814
6.12 8
@ 8 %
6.10 8%
@
9H
6.08 8%
®
9V
s
@ 9 %
6.12 9
6.01 7H

ings, common Mid
Upl's
to finest.

s.
5
5
6
6

d.
s. d.
11H@8 10
11 @8 9
0 @8 10
1H@9 0

6 3
6 4

@9
@9

The prices are given in pence and 100th.

d.
4.73
4.83
5.05
5.34

Sat.

Total bales.

NEW Y O R K — To Liverpool— July 9— B ovic, 503____July 13—
Celtic, 693_________________________________________________ 1,196
To Havre— July 7— Craigard, 455___________________________
455
To Bremen— July 11— Grosser Kurfuerst, 1 ,0 6 8 ._____ ______ 1,068
To Hamburg— July 6— Bulgaria, 245_______________________
245
To Antwerp— July 6— Kroonland, 639______________________
639
To Barcelona— July 6— Montivideo, 2,200___________________ 2,200
To Genoa— July 6— Konig Albert, 4,015____July 11— Indi­
ana, 542________________
4,557
To Naples—-July 6— Konig Albert, 403____July 11— In­
diana, 300_____ __________________________________________
703
To Trieste— July 11— Giulia, 9 9 ____________________________
99
To Japan— July 7— Shimosa, 100____________________________
100
To Yarmouth— July 7— Prince Arthur, 58___________________
58
NEW ORLEANS— To Liverpool— July 7— Californian, 5,898------ 5,898
To Hamburg— July 12— Mineola , 821_________ _____________
821
To Genoa— July 13— Dora Baltea, 2,995 ____________________ 2,995
To Venice— July 6— Carolina,2,006_________________________ 2,006
To Trieste— July 6— Carolina, 309 ___________________________
309
GALVESTON— To Manchester— July 6— Niceto, 5 ,2 8 4 ,..
____ 5,284
To Hamburg— July 7— Dowelis, 375______. _________________
375
PENSACOLA— To Liverpool— July 7— E. O. Saltmarsh, 6,700 . 6,700
SAVANNAH— To Liverpool— July 7— Azalea, 2,427_________ . 2,427
To Glasgow— July 7— Azalea, 429________________________ 429
To Bremen— July 7—-Waverly, 4,364 upland, 25 Sea Island . 4,389
To Antwerp— July 7— W avefly, 50................... ...........................
50
To Reval— July 7— Waverly, 200............... ...................................
200
To St. Petersburg— July 7— W averly. 125.125
W ILM IN G TO N —To Bremen— July 12— Putney Bridge, 11,600 11,600
BOSTON— To Liverpool— July 9—-Ivernia, 26___________________
26
To St. John— July 9— Calvin Austin, 139
----139
SAN FRANCISCO— To Japan— July 9— Siberia, 5 0 ..
- 50
.........
257
SEATTLE— To Japan— July 11— Kaga Maru, 257.........
TACOMA— To Japan— July 11— Tremont, 2 7 __
_____
— 27
55,457

Mon

July 9.

July 7.

Tues

Thus: 5 86 means 5 86-100d.

Wed

July 10.

July 11.

Thurs.

July 12.

Fri.
July 13.

I2M 12 ^ 12M 4 12M 4 12 H 4 12M 4 1 2 H 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m .

3
6.01
4)4 5.82

, .SHIPPING N E W S .— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 55,457 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:

Total

1,000
31,000
10,000
50,000
746,000
638,000
39,000
31,000
75,000
51,000

1905.

SH lbs. Shirt­ Cot’n
ings, common Mid
to finest.
Upl's

s.
d. s. d.
10^ 6 -7H @ 9
10« 6 8 @9
10M 6 8 @9
10M 6 8 @9

Of which speculators took 2,000
Sales American.........................17,000
Actual e x p o r t ........................ 8,000
F orw arded.............................. 62,000
Total stock— Estim ated____767,000
Of which American— Est.656,000
Total import of the week___ 27,000
Of which American______ 17,000
Amount afloat_____________ 89,000
Of which American______ 68,000

d.

July_____
July-Aug.
Aug.-Sep.
Sep.-Oct .
Oct .-N ov.
N ov.-D ec.
D ec.-Jan.
Jan .-F eb.
Feb.-M ch.
M ch.-Apr.
Apr.-May.
May-June

—

d.

5
5
5
5
5
5
5
5
5
5
5
5

86
82
74
66
62
61
61
62
64
66
67
68

5
5
5
5
5
5
5
5
5
5
5
5

d.

84
79
72
64
60
59
59
60
61
63
64
65

i.
5
5
5
5
5
5
5
5
5
5
5
5

80
75
68
60
56
55
55
56
58
59
61
62

5
5
5
5
5
5
5
5
5
5
5
5

d.

82
77
70
63
59
58
58
59
60
62
63
64

d.
d.
i.
d.
d.
d.
d.
5 83 5 88 5 85 5 82 5 82 5 85 5 88
5 79 5 84 5 81 5 78 5 78 5 82 5 84

5
5
5
5
5
5
5
5
5
5

71
64
60
59
59
60
62
63
65
66

5
5
5
5
5
5
5
5
5
5

76
69
65
64
64
65
67
68
70
71

74
67
63
62
62
63
65
66
5 68
5 69

5
5
5
5
5
5
5
5

70
64
60
59
59
60
62
64
65
66
5

5
5
5
5
5
5
5
5
5

5
5
5

5
5
5

5
0

5
5

71
65
61
60
60
61
63
65
66
67

74 5
69 5
65 5
64 5
64 "5
65 5
67 5
69 5
70 5
5 70 0

5
5
5
5
5
5
5
5
5

77
72
68
67
67
68
70
72
73
74

BREADSTUFFS.
Friday, July 13 1906.
Prices for wheat flour have weakened somewhat of late.
This is traceable partly to the decline in wheat and favorable
crop reports and partly to the stagnation in trade. Buyers
and sellers as a rule seem further apart than ever, there being
a disposition among many to await arrivals of new flour,
which will be, it is believed, early in August. At the North­
western milling centres trade remains very dull. The output
continues to exceed the sales. However, some large buyers
have occasionally displayed more interest in the market,
and the export situation on the present basis is regarded by
some as more encouraging. Importers are cabling more
than recently, and a few lots of patents have been sold in
the Scotch markets. Corn meal has been quiet and steady.
Rye flour has been firm with a light trade.
Wheathas declined, mainly owing to more fa v o ra b le private
crop reports, a favorable Government statement on the 10th
inst. and considerable liquidation. The Government re­
port stated the condition of winter wheat at 8 5 .6 % , against
8 3 % last month, 82,7 a year ago and 78.7 two years ago.

[V o l . L x x x m .

THE CHRONICLE

J 08

The condition of spring wheat was stated at 9 1 .4 % , against
93 last month, 9 1 a year ago and 93.7 in 1904. Southwestern
farmers have made heavy sales o f new winter wheat. Re­
ports of black rust at the Northwest seem to have been ex­
aggerated. Occasional advances have occurred, partly owing
to a momentary decrease in the acceptances or country offer­
ings and partly by reason of unfavorable crop reports from
Russia, which appear to have also had no slight effect in
Liverpool. But flour has continued dull, the export business;
after showing some signs of a revival, has again fallen off,
and the short interest has recently been considerably reduced,
so that hedging sales against interior acceptances have a very
noticeable effect. To-day prices opened slightly higher,
owing to a sharp rise in Liverpool on further bad Russian
reports; but they declined later on in consequence of liberal
interior offerings, more favorable crop advices from the North
west and general selling. Export trade, too, showed a
noticeable decrease. As to this, however, the quality of
the American wheat this year is said to be exceptionally
good, and the prospects are therefore believed to be rather
favorable for a liberal export trade later on.
D A IL Y CLOSING PRIC E S OF W H E A T F U T U R E S IN N EW Y O R K .
S at.

N o. 2 red winter_______ _________ 8 6 %
July delivery in e le v a to r________ 85%
September delivery in elevator__ 8 4%
December delivery in elevator___ 8 6 %

M on.

85%
84%
84%
8 6%

7'ues.

84
84
8 3%
86

W e d .T h u r s.

8 4%
84%
84%
86%

85%
84%
84%
87%

F ri.

84%
84%
84%
86%

D A IL Y CLOSING PRICES OF W H E A T F U T U R E S IN CHICAGO.
Sat. M o n .

July delivery in elevator_________78%
September delivery in elevator___78%
December delivery in elevator____ 80

77%
7 7%
79%

Tues.

W e d .T h u r s.

77
77%
79%

78
7 8%
80

M o n . Tues. W e d . T h u rs.

59%
58%
58%
57%

5 9%
58%
58%
57%

60
59%
5 9%
5 8%

D A IL Y CLOSING PRIC E S OF CORN F U T U R E S

A G R IC U L T U R A L
D E P A R T M E N T ’S R E P O R T
ON
C E R E A L CROPS, & c., TO J U L Y 1.— The Agricultural
Department issued on the 10th inst. its report on the cereal
crops for the month of June as follows:
The Crop R eporting Board o f the Bureau of Statistics of the Depart­
ment o f Agriculture from the reports of the correspondents and agents
of the Bureau finds as follows:
Preliminary returns on the acreage of corn planted indicate an area of
about 95,535,000 acres, an increase of about 1,524,000 acres, or 1 .6 % ,
as compared with the estimate of the acreage planted last year.
The average condition of the growing crop on July 1 was 87.5 as com
pared with 87.3 on July 1 1905, 86.4 at the corresponding date in 1904
and a 10-year average o f 86.4.

The acreage and condition of corn for a series of years
is as follows:
ACREAGE AND CONDITION OF CORN ON JULY 1.
(Three ciphers (000) omitted from acreage figures.)

F ri.

D A IL Y CLOSING PRIC E S OF NO. 2 M IX E D CORN IN NEW Y O R K .
Sat.

The week ending July 9 was abnormally cool in the middle and southern
R ock y Mountain regions and throughout the central valleys, Lake region
and greater part o f the middle Atlantic Coast districts. Very general
complaints of cool nights are received from the central valleys, West
Gulf States and Southern R ocky Mountain region, and while the tem ­
perature conditions were not conducive to rapid growth o f vegetation,
they were especially favorable for harvesting.
The rainfall was lighter than usual in the middle Gulf districts and
central valleys and over the interior of the Middle Atlantic States and
New England, but with the exception of portions of the central and lower
Mississippi valleys, where rain is needed. generally there is ample moisture.
There was much cloudiness in the Atlantic Coast and Gulf districts.
The week was com paratively free from severe local storms. On the
north Pacific Coast the week was exceptionally hot and dry.

78% 77%
78% 78%
80% 80

Indian corn futures have on the whole shown an upward
tendency, though recessions have occurred from time to
tim e, owingfto more favorable crop reports. The Govern­
ment report of Tuesday the 11th inst. had a depressing ef­
fect. It stated the condition at 8 7 .5 % against 8 7 .3 %
year ago. This is taken to indicate a crop of 2,703,641,000
bushels, against 2,707,993,540 last year. The cash demand
of late has diminished and good rains have fallen in some sec­
tions. But many of the private crop advices have been un­
favorable, more rain is needed and the receipts of late have
been disappointingly small. A t the same time strong inter­
ests at the W est are arrayed on the bull side and this fact has
caused not a little nervousness among the bears, who have
shown a disposition to cover freely on all signs of support.
To-day prices were easier on reports of good rains, liquida­
tion and larger Argentine shipments.

Cash corn ________________________ 59
July delivery in elevator________ 5 8 %
September delivery in^elevator__ 5 8%
December delivery in elevator___ 5 7%

the telegraphic reports on the weather in the various States
for the week ending July 9, summarizing them as follows:

59%
59%
59%
5 7%

F ri.

59%
5 8%
59
57%

IN CHICAGO

1906.

1905.

1904 .a

1903.

Ten-year
Con- Acre­ Con- Acre­ Con- Acre­ Con- Acre­ Average
age. dWn . age. dit’n. age. dil’n . age. Condition
dit’n .

States.
Io w a ................ ...........
Illinois.-..................
Missouri ______ __ ..
Indiana.............. .... .
O h io ____ __ . . __
Kansas ________ .
Nebraska..................
Wisconsin
_
_
Michigan________ _
Minnesota . . . . .
Texas _____________
Tennessee . .
Kentucky__________
Pennsylvania .
Other States & Ter.
Total____________
Per cent of increase
or dec. in acreage.

96
90
86
86
86
85
84
87
90
80
73
91
91
91
--

9,031
9.617
6,015
4,644
3,004
7,047
8.115
1.459
1,253
1.493
6.925
3,076
3,195
1,442
29,219

88
93
95
87
82
95
85
82
81
82
77
89
95
92
--

•8.768 86
9,617 87
6,015 78
4,598 88
2,974 85
6.977 75
8.035 86
1.474 83
1.229 72
1,508 79
6,533 92
3,139 94
3,195 89
1,442 85
28,507 - -

9,296
9,428
5,783
4.552
3,065
6,441
7.956
1.519
1,293
1,554
6,049
3,236
3.227
1,428
27,405

87.5 95,535

87.3 94,011

86.4 92,232

+ 1.6

+ 1.9

+ 4.7

74
78
74
76

io

73
75
75
76
81
88
86
82
84
--

8,186
9,335
5,962
4,295
2,976
6,707
7.505
1,489
1,320
1,439
5,816
3,204
3,103
1,457
25,298

79.4 88,092

88
88
86
89
85
88
88
86
83
84
77
88
90
87

86.4

6.3

a Acreage figures for 1904 are the revised results of the Agricultural Department
ssued at the close of the year. Owing to this revision, the 1905 acreage exhibits
an increase of only 1.9% instead of 2 .3 % , as given by the Department.

The acreage and condition percentages for all other States
having a million acres or more are as follows:
States—

Acreage com—
pared with
last year.
1906.

--------- Condition Ju ly 1 -----Ten-year

1905.
1904.
1903.
average
G e o r g ia ____
101
89
87
86
84
85
July delivery in elevator_____ . . . 5 1 %
52
5 1% 5 2% 5 2%
5 2%
103
A labam a____
91
86
88
92
85
September delivery in elevator___51%
5 2 % 52
52%
52%
52%
N o. Carolina
101
91
88
82
91
90
December delivery in elevator___ 4 9 %
5 0 % 4 9% 5 1%
5 0 % 49% A rk a n sa s___
101
89
78
90
77
84
Mississippi . _
105
91
73
91
94
82
Oats for future delivery in the Western market have ad­ Virginia ____
100
91
95
84
93
91
vanced, despite the fact that recessions have taken place at So. Carolina.
86
103
74
91
79
84
So. D a k o ta ..
103
87
83
87
87
87
times on the weakness of wheat and the usual realizing, to­
Indian T e r ..
107
90
86
96
71
88
gether with the fact that some of the crop reports have been Oklahoma 1.
105
93
93
96
85
91
more favorable. The Government report placing the condi­ Louisiana_
_
107
79
72
90
85
82
tion at 8 1 % , against 86 in June and 92.1 in July last year,
The average condition of winter wheat on July 1 was 85.6, as compared
was better than expected and caused more or less liquidation. with 83 last month 82.7 on July 1 1905, 78.7 at the like date in 1904 and
a ten-year average of 79.4.
The^private reports, however, continue to be distinctly
The following table shows for each of the States having 1,000,000 acres
bullish and there has been far more disposition in the trade or upward in winter wheat the condition on July 1 in each of the last
to buy than to sell, especially as the cash situation remains three years and that on June 1 1906, with the ten-year July averages:
Ju ly 1
June 1
J u ly 1
Ju ly 1 Ten-year
strong. The trading at the W est has been broad and active.
1906.
1906
States—
1904.
1905.
average.
To-day the market declined, owing to depression in wheat Kansas_________________
. 75
74
80
83
80
80
95
In d ia n a ____________________ . 90
and com and liquidation.
63
70
. 86
78
Missouri_______________
80
83
7786
92
Nebraska____________________ 87
89
87
D A IL Y CLOSING PRIC E S OF OATS IN NEW YORK
.
78
84
Illin o is______________________ 89
83
70
Sat.
M on.
Tues
W ed.
Thurs.
F ri.
86
89
Ohio __________________
90
60
72
Mixed, 26 to 32 lbs.42% -43
42% -43 4 2 % -4 3 % 2 % -4 3 42 % -4 3 43-43% California____________________ 90
.
85
64
70
. 77
W hite clipped, 36
_
P en n sylva n ia _______________ 93
91
96
79
84
to 38 lbs_______ 4 4 % -4 5 %
44-45 44-45
44-45 44-45 4 4 % -4 5 %
_ 86
O k la h om a_____________
90
65
69
S3
_ 83
87
66
72
Texas _________________
78
D A IL Y CLOSING PRIC E S OF N O. 2 M IX E D OATS IN CHICAGO
. 70
75
96
Michigan _____________
75
72
Sat. M o n
Tu es. W ed . Thurs.
F ri.
July delivery in elevator__________3 7% 3 7% 38
3 8%
38% 38%
. 85.6
83
82.7
78.7
79.4
September delivery in elevator__ 3 4%
34%
34%
35%
3635% United S ta te s_______
spring wheat on July 1 was 91.4, as com December delivery in elevator___ 34%
3 5% 3 5%
36%
3 6 % 3 6%
. on July 1 1905, 93.7 at the like date in 1904
and a ten-year average of 88.2.
The following are closing quotations:
The following table shows for each of tire five principal spring-wheat
FLOUR.
States the condition on July 1 in each of the last three years, and that on
June 1 1906, with the ten-year July averages:
Low grades____________ S3 2 0 ® $3 40 Kansas straights______ S3 75@ $3 90
Kansas clears_________ 3 25® 3 50
Second clears_________ 2 5 0 ®
270
July 1
June 1
July 1
Ten-year
July
Blended patents______ 4 8 0 ® 5 30
C le a r s ________________ 3 5 0 ®
385
1906.
1906.
1904.
1905.
averaqe
States—
R ye flou r______________ 3 4 0 ® 4 20 M in n esota---------------. ----------. 89
Straights______________ 3 7 0 ®
385
91
87
94
87
Buckwheat flour_____
Nominal.
Patent, spring_________ 4 1 0 ®
440
. 93
95
North D akota-------------92
95
86
Graham flour__________ 3 1 0 ® 3 50 South D ak ota______________ _ 91
Patent, w inter________ 4 4 0 ®
470
95
91
97
89
Kansas patents_______ 4 0 0 ® 4 20 C o rn m e a l_____________ 2 9 0 ® 3 00 Iow a ___________________
. 94
95
92
91
92
92
.100
102
94
W ashington ________________100
88
G R A IN .
C om , per bush.—
W heat, per bush.-—
. 91.4
93
United States---------91
88.2
93.7
N o. 2 m ix ed ____
f.o .b . 59%
f.o .b . 8 7%
N . D ul., N o. 1__
The average condition on July 1 of spring and winter wheat com bined
N o. 2 y e l l o w _
_
f.o .b . 60% was 87.8, as compared with 85.8 on July 1 1905 and 84.5 at the corre­
N . D u l., N o. 2__
f.o .b . 86 %
N o. 2 w h it e ____
f.o .b . 61
R ed winter, N o, 2
f.o .b . 84%
sponding date in 1904.
R ye, per bush.—
83
Hard “
f.o .b .
The amount of wheat remaining in the hands of farmers on July 1
N o. 2 W estern_
_
Oats— Mixed, bush.—
63
is estimated at about 46,053,000 bushels, equivalent to about 6 .6 % of
State and Jersey.
Nominal.
N o. 2 w h ite________ __ Nominal.
the crop of last year.
Nom inal.
N o. 2 m ixed ________ _ .N om inal. Barley— Western . .
The average condition of the oats crop on July 1 was 84, as compared
Nom inal.
N o. 2 white, clipped ..N o m in a l. F e e d in g ___________
with 86 last m onth, 92.1 on July 1 1905, 89.8 at the like date in 1904
G O V E R N M E N T W E E K L Y W E A T H E R R E P O R T .— and a ten-year average of S9.4.
The following table shows for each of the principal oats States the
Mr. James Berry, Chief of the Climate and Crop Division of condition on July 1 1906 in each of the last three years and that on
the|United States .WeatherlBureau ,^made|public onlTuesday June 1 1906, with the ten-year July averages:
Sat.

M on.

T u es.

W e d .T h u r s .

F ri.

THE CHRONICLE.

J uly 14 1906. j

July 1 Ten-year evidences o f an im provem ent in the exp ort dem and. Linings
1904.
average. are unchanged and quiet. Canton flannels, flannelettes and
S9
92
other napped goods are selling well at second-hands, giving
S6
S9
93
92
prom ise o f fair-sized duplicate orders shortly. Complaints
95
90
o f slow deliveries are occasionally heard and mills are well
95
93
sold up. Staple prints have been steady with fair inquiries
89
94
95
93
for ex p ort, and printed wash goods for the spring are selling
94
85
freely. Ginghams are unchanged and w ithout particular
96
91
feature. An im proved dem and for p rin t cloths from con ­
95
92
86
92
verters and others has resulted in a firmer ten den cy, but
quotations remain u n ch a n ged ,w ith regulars still at 3jhgc.,
United S ta tes_____________ S4
S6
92.1
S9.8
89.4
T h e average co n d itio n o f ba rley on Ju ly 1 w as 9 2 .5 , against 93.5 one and others on this basis.
m onth ag o, 91.5 on July 1 1905, SS.5 at the sam e date in 1904 and a
W O O L E N G O O D S .— Further lines o f m en ’s wear light­
ten-year average o f SS.2.
T he average co n d itio n o f w inter rye on Ju ly 1 was 9 1 .3 , as com p ared weight woolen and worsted goods have been opened during
w ith 92 .7 o h July 1 1905, 88 at the sam e d ate in 1904 and a ten-year the week, and practically everything up to $1 50 per yard
average o f 90.1.
has now been show n. This being the case, it is probable
The acreage o f p o ta to e s, exclu d in g sweet p o ta to e s, is less th an that
o f last year b y about 38,000 acres, or 1 .3 % . The average co n d ition on that sellers will not be in such a hurry to open the rem aining
July 1 w as 91 .5, as com p ared w ith 91.2 o n July 1 1905, 93.9 at the same lines and will w ait until their custom ary tim e before doing
date in 1904 and a ten-year average o f 92.1.
so. B uying has progressed con servatively, and sellers are
T h e acreage o f to b a cco is less than that o f last year b y ab ou t 40,000
acres, or 5 .2 % . T he average co n d itio n o n July 1 was 8 6 .7 , against well satisfied with con ditions thus far, feeling that the dis­
cretion shown b y buyers will result in fewer cancellations
S7.4 on e year ago.
The indicated yield o f the principal crops for 1906, as later on . Prices are regarded as reasonable, considering
figured ou t b y us on the basis o f the acreage and con d ition the advances that have occurred in the price o f the raw
material and the fa ct th at q u ality has n ot been sacrificed.
percentages, is as follow s, the total crops as reported b y the
The relatively greater advance that has occurred since last
Agricultural D epartm ent for 1905, 1904 and 1903 bein g
year in the price o f fine cotton yarns com pared with worsted
appended for com parison.
yarns has resulted in m ercerized goods being held propor
1906.
1905.
1904.
1903.
tionately higher than all-w orsted goods. In spite o f this,
Bushels.
Bushels.
Bushels.
Bushels.
C o m _________ 2,755.000,000 2 ,7 07,9 93,5 40 2 ,4 67,4 80,9 34 2,2 44,1 76,9 25 how ever, the dem and fo r g ood m ercerized fabrics has been
W in te r w h e a t.
437,000,000 428,462,834
33 2,93 5,34 6
399,867,250 h eavy.
H igh-grade woolens have n ot y et been generally
Spring w h e a t.
266,000,000 264,516,655
219,464,171
237,954,585
O a t s _________ 867,000,000
953,216,197
894,595,552
784,094,199 shown and opin ion continues divided as to what position
w oolen goods will finally o ccu p y com pared with worsteds.
For other tables usually given here see page 7 5 .
D uplicate orders for heavy-w eights have been m oderate and
about as exp ected. A few light-w eight dress goods lines
have been show n, b u t the general opening will n ot occu r for
T H E DRY GOODS T R A D E .
a couple o f weeks y e t. Meanwhile re-ordering o f h eavy­
N ew Y o r k , F rid a y N igh t, J u ly 13 1906.
weights has been rather m ore a ctiv e, and the dem and is
Fall trade is com m encing satisfactorily in the cotton turning more to fancies in b oth w oolen and worsted goods.
goods m arket, and w ith a large num ber o f buyers in tow n D ry goods buyers connected w ith the N ational W holesale
the dry goods district is assuming a m ore active appearance D ry G oods A ssociation have form ed a further association
than at any tim e during the past few m onths. Operations am ong themselves to prevent special discounts and check
have been considerably e x te n d e d , and while current pur­ direct selling to retailers b y com m ission houses and manu­
chases have been for the m ost part for im m ediate delivery, facturers’ agents.
vet th ey have been sufficient in volum e to create a m uch
F O R E IG N D R Y G O O D S .— Im p orted w oolen and worsted
firmer tendency in prices and fa vora b ly affect m ore distant dress goods have been in m oderate dem and at unchanged
positions. The concessions wffiich have been m ade b y both prices. Silks and ribbons have been steady w ith ou t particu­
sides o f late have resulted in a reasonable trading basis, and lar feature. Linens continue strong, with deliveries still
indications are that to -d a y ’s prices will prevail for some tim e running behind hand. Burlaps are firm b u t w ith ou t quot­
to com e w ith ou t further changes o f im portance. The on ly able change.
excep tion to the generally favorable situation is in heavy
brown good s, w hich still m eet wfith a slow dem and from b oth Im portation s and W areh ouse W ithdraw als o f D ry G ood s.
dom estic and export purchasers, b u t p rodu ction is being
The im portations and warehouse withdrawals o f d ry goods
materially curtailed and m anufacturers are gradually turning at this p ort for the week ending Ju ly 12 1906 and since
their m achinery to other lines. Further advances in wages Jan. 1 1906, and for the corresponding periods o f last year,
o f 5 % have been granted in m any New E ngland centres are as follow s:
g
g
g
g
d
g
g
during the w eek, and these are calculated to offset any
B
decline there m ay be in the price o f the raw m aterial and
< O C go
T
>
a o
>
g
D
C
(t p
*
c
preclude the possibility o f low er values in the goods m arket.
d
—x 2 -0 5 *
Sag
o
The hopes o f exporters have been raised b y freer inquiries
3, S
d
o<
-s £.
from China for light-w eight sheetings, b u t so far little busi­
H
GO
o J*
o
ness has m aterialized. In the m en ’s wear light-w eight
oa
B
to *
-i
CO p
w oolen and worsted goods market initial purchasing is p ro­
2!
S3
d
ceeding satisfactorily.
H
'd co
►
d
&
>
DO M ESTIC C O TTO N G O O D S.— The exports o f co tto n
o
B
d
goods from this p ort for the w eek ending July 9 were 1,667
fd
d
B
packages, valued at 8115,889, their destination being to the
«
d
0
2
o
* —^ O
o C to O to
O t
*C 05 4-tO 4 C 2 ^ If. 0 if. 02,-.
O
C 4.
O*
2
points specified in the table below :
o 4iw
Co
O
O 0 » — d w 05coot co
C 4^ C 0 © 4>
O
d
so,-.
OM OiHHvjW
o c o 00 05 to Otto
w ° 05
------- 1906------------- 1905—
o
d
M
S in c e
S in c e
o
H
.Yew Y o r k to J u l y 9.
W eek.
J a n . 1.
W eek.
J a n . 1.
2!
I C
O 1
CC I
OO
< 1° to CO M M co
0
5
U
3feq GO
Great B rita in _________________________
17
706
7
657
I M OI
O
mo ;
l-H -2 04.000^
W
I. 05M .
05 to
C
Oo
O ther E u ro p e a n _____________
7
758
35
411
H
- O-C O-O C_ - t a co^ d
0
oco ] Ot 0 5 — to M
■I O 0 I C5M *00C d
0 O tM 50
a o tO^MOw.^-Co^
C h in a__________________________________
...
68,113
...
73,571
M 0 0 GO 0 5 © ^ g 0 5 - g
i ' ooo C O 4-0 O
O O l i CO 00 CO to 00
d
C MO—b d
OC O
o 8 — tO O tQ O -s j d5 •
I n d i a . .............................. ............. ....................... ..
.5,331
...
8,863
coot I
d
o
A ra b ia ________
...
24,055
...
13,247
&
to—
&
>
to
A f r i c a ---------------------153
5,304
11
5,763
O
CO I
Ot
CO O t CO CO t o
Z
W est In d ie s___________________________ 350
11,843
466
15,705
00O 1 WOCiJ
t
3 §§ co to co co ^
Ot <D 05 4 - M
*
M e x ico _________________________________
49
1,154
33
1,392
MCoV C
0 C 1CO 05 CO CO 05
5D
0 4 4*-©—to fi-g- d
>
M——
C
*
C O I CO Ot CO CO to
Ot
a o2 CO-coco co oo T £ o
Central A m e rica _______________________ 330
8,511
9,732
u‘ Oui4*. — C5 CO
d
G t-0
C
to 4^ I 05 CO CO 00 CO
S outh A m e rica ________________________ 750
28,951
1,062
31,888
d
B
O ther c o u n t r i e s ............... ..........
11
8,719
106
10,231
d
w
—toco
o
4 —cot
^CC C
OO
M0 C O 0
5t 5
4*OM
Ot
C5 to
T o t a l _______________ ____________ . . . 1 . 6 6 7
163.445
1,720 171,460
W
d
to
OMCDO#.
CO 4* I 0 C C 4. —
5 O O*ot
02
—
woe
05— 00 O j.
0 0t
— 1 o at m —
O
The value o f these New Y ork exports since Jan. 1 has been
3
b
0
0
05 co co co co w :
— C 0 4-O —
o D5 * t
m
Ot Ot to co o t
59.226,509 in 1906, against 89,201,597 in 1905.
00 05
0 0 — 0t .
5 0 0 fk
O
t
M4- OG —OO
*
w
d
H eavy brow n cottons are still a drug on the m arket, but
d
the position is being am eliorated b y the turning o f machinery
w
io lighter-w eight goods, for w hich there is a better demand
to —C Ox 2
O
O-l —
OO
O M M IO — CO tO
to 4- O C 'C
r OO
C 0 M O IO — 4 O5
05 C OOOot
O
C C 4- C Ci o
OO O
from the hom e trade. The dom estic call for 4-yard and
COCO
05 0 4*. to— *
MO C MC
tO 5
02
lighter-weight goods has been fairly large during the week,
OJtq
>
and these have consequently assumed a decidedly better
CC I
OO
COCO I
C O n d a s.
O iC to
—C I
O
o —- ic io a 2 ~
j o
—O 1
I
tone. A factor in this also has been the Chinese in qu iry for
4*M
05t0r<w£-Og
0C 1
5n
05M
0 4i.C M
O -I d
—— OO d • ^
C C IO )
4-C O C 45 O5 O
t
goods ranging from 3.50 to 5 yard s, which give prom ise o f a
to
t
C —C 0 to w
O O5
MO 0tOO d -i —CO O0to - 1
0 0 4-0*
0
MOO O 0
t
5
MC 4- — O ► ^
O* C rH
renewal o f activ ity in this direction in the near future.
5)
Stocks of h eavy goods in that country are still reported to
B to
O
d L
I
be large, b u t it is believed that light-w eights are in small
1 0 0510M
.0 0
a
- C -1 O 0
O t 5
—tO—toM
C—
O
4. 05—0 O
*
0
om
r
supply and are likely to becom e scarcer as the m ovem ent
5CC toco
OO
IOO 4t^
MC —MC
D O 5M
O
coo
5C tOO 05
O
O0 C 0
5
O O *
4-0 C MC MO
north increases in volum e. Bleached goods are strong,
and while orders are m ostly for small lots, they have been
—O
— — CO CO to
to to — C CO to
sufficient in the aggregate to take care o f p rodu ction and in
»toco co oo _*
coot to M Ot Ot 4 00 4*
■ 4M M Oi
som e cases to exceed it. A ny change in the near future is CO I -1 — O l Of C C to
-no CO to — C O to
05 to
5 C to S t o ll 'S
O
Ot
M
C
—
05 —
( 05 CO 1 — O o O
therefore likely to be in the upward direction . Coarse co l­
ob ? g
O 5C|
— co C Vi CC V
Vi 4*Vi'—oo
— CO
4- C — 05 0
O —to
tO 5
Ot O t c o o to
ored cotton goods are still well sold ahead, and there are 0 I O 00 CO M CO M t O
O t — CO O t —
4- —
Ox A
0 *
States—

July 1

1906.
I o w a . . ......................................... 86
I llin o is _______________________ 73
W is c o n s in ___________________ 95
M in n esota ___________________ 94
N ebraska. * __________________ 73
I n d ia n a ______________________ 63
New Y o r k ___________________ 91
N orth D a k o ta _______________ 96
P e n n s y lv a n ia _______________ SS
Ohio ________________________ 76
M ich ig a n ..................................... 94

June 1

July 1

1906.
94
75
95
93
87
60
94
95
82
76
92

109

1905.
94
S9
96
94
S7
97
96
93
96
94
91

%

THE CHRONICLE.

110

Page.

S

tate

and

M UNICIPAL

BOND

SALES

IN

JUNE.

W e present herewith our detailed list of the municipal
bond issues put out during the month of June, which the
crowded condition of our columns prevented our publishing
at the usual time.
The review of the month’s sales was given on page 50 of
the “ Chronicle” of July 7. Since then several belated June
returns have been received, changing the total for the month
to $21,533,504. The number of municipalities issuing bonds
was 236 and the number of separate issues 329. In the case
of each loan reference is made to the page of the “ Chronicle”
where an account of the sale is given.
JU N E BON D SALES.
Page

N a m e.

Rate.

M a turity.

A m ou n t.

Price.

*50,000 102.17
1453 .A bin gton Township, Pa__ 4
1393 Acquackanonk T w p. Sch.
27,500
1918-1945
D ist., N. J ------------------- 4 A
1 3 9 3 .. Acquackanonk T w p. Sch.
12,500 100.50
1918-1930
D ist., N. J ------------------- 4 A
1393. . Acquackanonk Tw p. Sch.
3,500
1917-1920
J
D ist., N. J._____ .'_____ 4 A
1907-1916
7,480 100.576
1511 - .A d am s County, In d ____ 4 y 2
1907-1916
5,560 100.539
51 ..A d a m s County, In d ____ 4 A
1907-1916
6,490 101.116
1511-.A d a m s County, In d ____ 434
92,000 101.706
1917-1931
1334_.A dam s County, Miss____ 434
2,000 102
1907-1910
1393. . A lbion, 111______________ 6
1916
7 500 101.44
1453. . Alliance, O h io--------------4
(M916-1936
309,000 100.93
1511 - -A ltoon a, P a _____________ 4
(11911-1936
100,000 100.619
1511-.A lto o n a , P a _______________ 4
1916
2,800 106.286
1453-.A n d rew s, In d ______________ 5
1,500 101.666
1908-1910
51 ..A n d o v e r , O h io______ .____ 5
17.000
1453. . Armour Sch. D ist., S.D ak. 5
23.000
1920
0 0 0 0 ..A shland, Ore____________ 434
31,000 107.261
1910-1940
1453-.A sh tabu la Sch. D ist., Ohio 434
1909-1924
8,000 101.062
51 ..A th e n s, M ich____________ 434
65,000 101.02
1931-1935
1511--A tla n tic City, N . J ______ 4
1926
35.000 101.097
1511--A tla n tic City, N. J ______ 4
20.000
1511--B a b y lo n , N . Y ------------------- 4
51 ..B a k e r County Sch. Dist.
20,000 103.50
(11916-1926
N o. 5, O re_____________ 5
17,441 100
1907-1924
l l l - . B a r r e , M a ss _____________ 3M
1916-1932
17,500 109.272
1453. . Belleville Sch. D ist., N . J . 5
1907-1909
10,000
1 3 94-.B ell Flower Sch. D ist., 111. 5
1916-1926
11,000 100.70
1453-.B elpre Sch. D ist., O hio____ 4
1453. . Ben A von , P a ____________ 5
dl925
40,000 106.15
1453-.B en ton Co. Sch. Dist. N o.
18, W ash_______________ 6
1916
800 102.875
7,000 100
145 3-.B erea Sch. D ist., O hio____ 4
1907-1913
1453-Beresford Ind. Sch. D ist.,
1926
8,000 t/103.125
S. D ak _________________ 5
1916-1925
5 1 --B ijo u Irr. D ist., C olo_____ 6
750,000
1922
1394__Bluffton, In d ______________4
42,000 2/100
23,312 100.599
1907-1916
1511-.B o is e City, Id a h o_________ 6
5,000 100
1394_. Borden County, T e x ____4
1926-’36& ’46
763,000 x 100
5 1 --B o sto n , Mass. (4 is .)____334
1907-1916
30,000 104.384
1454. . B oyne City, M ich_______ 5
7,174 102.289
1906-1913
1511--B ra d ford , O h io ___________ 434
1907-1926
1454. . Buffalo, N . Y __________ 4
100,000 102.59
1926
1454-B uffalo, N . Y _____ ____4
68,510 104.21
1926
1454-.B u rlin gton , V t ___________ 4
100,000 103.078
1936
1454-.B u rlin gton , V t ___________ 4
39,000 104.077
1921
96.34
32,000
1454-.B u rlin gton , V t ____________ 334
51 -.B u tte Sch. D . N o. 1, M ont, 434 (H916-1926
100,000 101.655
1511--C airo, G a ---- ---------------5 1912-1921
10,000
1 5 1 1 - _Camden, N. J ___________4
1936
38,000 104.622
1926
1335_-Canton, Ohio (3 is .)_____ 4
54,000 102.005
20,500 101
52_-C anyon County, Id a h o___434
1912-1923
6,000 100
1454 _ _Cam pbell, M o______________5
20,000
1511 _-Cape Girardeau S. D ., M o , 434 (11911-1926
dl916-1926
14,400 2/100.104
1394_.C arbon County, W y o ____434
1394_-Catskill Un. Free Sch. Dis.
al922
40,000 101.51
N o. 1, N . Y ___________ 4
1454_-Cheektowaga S ch .D .,N .Y . 434
51,000 100.73
1 5 1 2 .. Chelan Co. Sch. Dist. N o.
dl907-1926
12,000 100
46, W ash _______________4
1909-1926 1,500,000 100.401
1335-_Chicago, 111_______________4
1394. .Chicago (111.)— W est Chi­
1907-1926 2,000,000 100.007
cago Park (2 is .) ______ 4
1907
250,000 xlOO
1454. . Cincinnati, O h i o ________ 3.65
(H946-1965
500,000 100
1 5 1 2 .. Cincinnati, O h i o _______334
250,000 100.044
5 2 ..
Cincinnati Sch. Dist., Ohio 3.65 1946
1 4 5 4 .. Clinton Sch. Dist. N o. 50,
1911-1925
M in n _____ _____________4
3,000 100
dl-916-1926
1 3 9 4 . _Coeur d ’Alene Sch. D .,Id a .
434
14,000 100
1907-1916
52_-Coldwater Sch. D ist., Cal_ 5
5,000 102
151,000 Z100
1 1 2 ..Colum bus, Ohio (10 is.) 4&4J4
600 z l0 0
1 512.Conneaut, O hio_______ 5
1917-1926
1395. . Corona High S. D ist., Cal.
5
35,000 103.257
1911-1936
1454-.C rafton , Pa. (3 is .) ______ 4
65,000 102.74
1512. .Crawford County Road
Dist. No. 1, O hio______ 5
1918
20,000 109.50
1921
250,000
52 . .
Cumberland County, M e.
334
97.677
(11916-1926
1512. . Custer County, S. D a k _5
20,000 100
1454-.C uyahoga County, O h io .. 4
1907-1925
200,000 102.040
1910-1916
113_.D allas County, Io w a _____ 534
25,000 100.18
113__Dallas T w p ., Ohio------------5
8,000 104.25
5 2 . - Dannemora Sch. Dist. No.
1907-1924
4,500 100
1, N. Y ________________ 3J4
1931
130,000 101.312
1 5 1 2 .. Deal, N. J ______________ 434
1907-1921
5 2 . -D epew , N. Y ____________ 5
15,000 102.29
1 3 3 6 .-Diana Union Free Sch.
Dist. N o. 6, N. Y ______ 4
1907-1930
12,000 100
1395. . Douglas County Sch. Dist.
(11907-1911
1,200 100
N o. 95, W ash __________ 434
1924-1925
1 3 9 5 . -Eastham pton, Mass_ 4
_
13,500 103.207
1911
1455. . Easton, P a _____________ 334
7,500
1936
1 3 9 5 .. East Orange, N. J ____ 4
40,000 103.665
1907-1912
3,000 100.883
1512 -E aton, O hio.
~
1907-1926
10,000
53 . .E y o ta , Minn_____________
1907-1911
5,000 100.14
1455 .-E v erett, Mass____________
1907-1916
38,500 100.287
1455 ..E v erett, Mass____________
1513 . -Ferndale Un. High Sch.
1907-1916
10,000 103.50
D ist., C a l _____________ 5
1 5 1 3 .-Fishkill Un. Free Sch.
1907-1926
31,600 100
Dist. No. 5, N. Y ____ 434
1907-1915
3,000 101.083
1513--Franklin County, O h io___6
d l9 1 1-1926
10,000 100.87
53 - _Frem ont, N e b ___________ 5

Name.

[VOL. LXXXI11,
Rate.

M a turity.

A m ou n t.

P rice.

.Gloucester, M ass......... ...... 4
1907-1916
•350,000 100.54
dl916-1926
30.000 V 100.25
.Grangevilie, I d a h o ______ 5
1909-1922
20,470 101.577
.Greene County, O h i o ____4
19071926 30.000 104.083
.G reenwood, Miss________ 5
.G ulfport, Miss. (4 is .) ____ __
32,500
20.000 102.357
.H am ilton Sch. Dist., Ohio 4
1917-1926
.H ancock C ounty, Iow a ___6
24,600 103.11
25.000 104.25
.Harford County, M d_____ 5
1908- 1915
1907-1916
.Haverhill, Mass_____ ____ 4
30.000 100.523
.Hempstead Un. Free Sch.
1915-1934
10.000 101.64
Dist. No. 20, N. Y ____4
______
82.500
1513. . Henry County, Ohio (7 is.) 4)4
44.500
98.65
1455. . Hillsdale, M ich___________ 4
1908-1910
1396. .H inton Sch. Dist., I o w a .. 6
______
2,500
1907-1916
7,400 y 101.351
1455. .H ope Sch. Dist., In d ____4)4
1926
40.000 100.954
1455- .H orry County, S . C ______ 4)4
1513- . Horseheads Un. Free Sch.
18,000 100.21
1907-1916
Dist. No. 10, N . Y _____ 4
1,150 100
1513_ .H ou ston , M inn___________ 5
5.000 108.80
"(2 1 9 1 7 " '
1455. .H ouston Sch. D ist., O h io. 5
90.000 xl0 3
1916
1336. .H udson County, N. J ____ 4
19101931 22.000 103.13
53_ .H u n tin gton P a rk s.D .,C a l. 5
8.000 y 100
1907-1916
1456. -Im lay City Sch. Dis.,M ich. 4.45
55.000 101
al922
53. -Independence Sc. D .,K a n . 5)4
(20,000 100.50
dl916-1936
54- .Indiana, P a _____________ 4
[20,000 100
1907-1926
50.000 102.05
1513. .Inglewood Sch. D ist., C al. 5
1907-1926
40.000 100.50
54. Jackson County, O hio____4
9,000 101.333
1.336- .Jackson County, O hio____4
1926-1928
4,500 123
1513. .Jackson Township, O hio. 6
5 4 . .Jonesboro W ater Dist. N o.
1911- 1926
98.000
1, A r k _________________ 5
45.000 100
dl916-1926
1456- .Joplin Sch. D ist., M o____4
20.000 101.27
1915
1513_ . Kalispell, M o n t ___. ______4)4
80,000 100.50
1396._.K earney County, N e b ___4
1 3 9 6 ...K eith & Lincoln Cos. Irr.
2.000
95
Dist., N e b _____________ 6
1 4 5 6 -. Kitsap County Sch. Dist.
500 100
N o. 13, W ash__________4)4
13 9 6 -. Kitsap County Sch. Dist.
300 100
N o. 21, W ash __________ 4 A
1 3 9 6 .. Kitsap County Sch. Dist.
5.000 100
No. 42, W ash __________4)4
1 5 1 3 -. K n ox County Sch. Dist.
(21911-1926
20,000 102.505
5
(21907-1916
4,000 100
4a
1513.
3,500 100.714
1907-1913
5
1513.
1921
20,000 103
5
54.
50,000 100
1911-1930
54. .Larchm ont, N . Y ._
4
5,000 100
4
1911-1915
54.
110,000 106.439
1936
4
1514.
(10,000 104.51
{78,000 103.60
1921-1933
1514-.L aw ren ce County, O h io .. 4
122,000 103.01
10,000 100
1946
5
1514.
25,000 100.70
1926
1514.
4 )4
35,000 101.371
(21916-1926
5
54.
50,000 102
(21916-1926
1456.
4A
28,000 100
1936
4
54.
65,000 101.27
1921-1927
4
1336.
1336. Little Shasta R oad D ist.,
52,000 101.50
1907-1926
Cal ___________________ 6
1 1 4 .. Livingston Sch. D ist, N o.
1,000 100
(21911-1916
6
200,000 100.50
(21911-1936
4
1397.
125,000 100.27
4
1456.
1907-1926
200,000 101.779
4
54.
25,000 100.63
1911-1935
4
1337.
58,000 100.247
4
1928-1933
1514.
50,000 100.242
1909-1918
4
1456.
45,000 101.635
1907-1926
4
1337. .M arblehead, Mass.
25,000 100.272
1907-1916
4
1456.
170,000 103.10
1924
1337.
3A
30,000 107
1917-1926
54.
4A
114. .Marion County Sch. Dist.
12,000 101.395
(21916-1926
5
1 3 3 7 .-Marshalltown Ind. Sch.
15,000 100.966
(21911-1916
4
3,697,000 103.09
1514.
3A
7,000 103
1914-1920
5
114.
(50,000 104.80
{ 7,000 104.00
(21921-1936
1 3 9 7 .. Meadville, P a ____________ 4 4
1 1,000 105.00
1337-.M echanicville Un. Free
12,000 100.083
1914-1925
Sch. Dist., N. Y --------- 4
1 4 5 6 .. Medina County R oad Dist.
10,000 104.10
1919-1920
N o. 1, O hio____________ 4 A
2,500 102.45
1907-1916
1 4 5 7 --Milan, O h i o _____________ 4 A
(21916-1926
16.600 100
5
1397.
_Millbank Sc. Dis., S. D ak325,000 101.547
1907-1926
1337 ..M ilw aukee, W is. (4 is .)_ . 4
200,000 102.031
1926
55. .
Mobile County, A la --- 4
135,000 100.822
1907-1916
1397. . Monroe County, O hio--- 4 A
100,000 100
1931
1 5 1 4 .. Montclair, N. J ------------ 3 A
13,330 100
1926
54_.M ontesano, W a s h ----------- 4 A
5,000
1 3 9 7 .. Montezuma, Iow a --------114 ..M on tezu m a Valley Irr.
556,500 1/95
D ist., C o lo ------------------- 6
18,000 108.75
1914-1931
1457_.M oreau Sc. Dis. N o .1,N .Y . 5
1397. . Murray & Clarendon Sch.
18,000 100.055
1907-1924
Dist. No. 7, N. Y --------- 4
1 3 9 7 .. Nacogdoches County Sch.
500 100
1916
Dist. N o. 23, T e x ______ 5
55,000 103.090
1926
1 5 1 5 .-N ew port, Ivy------------------- 5
4,400 101
1931
1457__New Richm ond, O hio------ 4
1,000,000 101.13
1956
1 3 9 7 .. New Y ork State------------ 3
65,000 100.59
1910-1925
15 1 5 -.N ew Rochelle, N. Y -------- 4
712,056 zlOO
1925&1955
3
55. .
New Y ork City (2 i s .) -----50,000 .TlOO
1955
55. .
New Y ork C it y --------- 3 A
1,382 100.25
1921
1515 Norfolk County, Mass------ 4
1 4 5 7 .. N o. Hempstead & Hem p­
27,000 100
1912-1965
stead Sc. D. N o .11,N .Y . 4
20,000
1926
5 5 . . Norton Sch. D ist., V a — 5
______ _
18.000
1907-1924
114. _No. Versailles Sc. D is., Pa. 4 A
25,000 104.044
1931
1 5 1 5 .. N orw ood, O h io ------------ 4
60,000 101.188
1926
1 3 9 8 .. 0 . a h a , N e b ----------------- 4
50,000 101.002
1926
1 3 9 8 _.O m aha, N eb -------------------- 4
1907-1926
20,000 101.20
1 3 9 8 -.Painesviile. O hio------------- 4
36,000 100.77
1931
1 5 1 5 .-Paterson, N. J ----------------- 4
4,000 100
(21916-1926
1 4 5 7 .. Pen Argyl, P a -------------- 4
•
’
20,000 100
(21911-1936
1 3 9 8 .. Pen Argyl Sch. D ist., P a-4
1 3 9 8 . .P eoria. 111.. Pleasure Dr.
40,000 101.78
1926
& Park D ist----------------- 4
5,000 100
1926
55_ .Prague, N e b -------------------- 5
4,000 100
1907-1926
1338. . Preble Sc. Dis. N o.6. N .Y .4
______35,000
(21916-1926
1 3 9 8 .-P rov o, U tah-------------------- 4 A
24,000 100.02
1907-1930
1515. .Pulaski, N . Y ------------------- 3.95
100.631
16,000
1907-1924
1 3 9 8 .. Pulaski Sch. Dist.. N. Y .4
20,000 100.05
1907-1916
1515- Putnam County, N. Y . _ _ 4
30,000 100
d 1907-1926
1515. .Puyallup Sch. D ist.,W ash. 3 3
A
35,000 100.485
1907-1926
1 1 4 _.Racine. W is -------------------- 4
12,500 108.088
(21916-1926
6
1457. .R athdrum , Id a h o--------- 41,380
1907-1926
1 3 9 8 .-R ed Bank, N . J --------------- 4
1455.
14551336.
1513.
1455.
53.
53.
1455..
1455.
1513.

Page.

Name.

Rate.

Maturity.

R ed River and B ayou des
Glaises Levee < Drain­
&
age Dist.., L a __________ 5
41911-1936
1515 -.R e n o v o , P a .........................4
1940
1398.R ich m o n d , V a ............ 4

Amount.

Price.

5 5 ..

1515. -R id le y P a rk S ch . D ist.,P a. 4
1458. .
R o ck fo rd , 111------------- 4

8157,000
30,000
j 25,000
\79,000
25,000
36,200

41916-1936
1916
1910
2,000
1 3 3 S -.R o c k fo r d , O h io...................5
al9 32
13,000
55.R o c k p o r t , O h io ..... — 4
41916-1921
100,000
1 5 1 5 -.R o c k y F ord , C o l o .............5
1936
5,000
145S_.S t . Bernard, O h io________4
1907-1914
16,000
1 1 4 ..
5 .le m , M a ss............... 4
41916-1926
350,000
1399-Salt Lake C ounty, U t a h -- 4>2
55 . .
5an A n ton io, T e x ......4)4 41926-1946
300,000
50,000
145S --S a n d u sk y , O h io.................. 4
1921-1925
1916
17,000
145S -.S an du sky, O h io.................. 4
1907-1926
1399-S h aw , Miss...................5
27,000
41911-1926
56-S nyder S ch. D ist., T e x _______ 5
3,000
100.000
1516 . .
5 0 .e r v ille , Mass. ( 2 i s .) _ . 4
1911-1936
1339--S o u th F ork Sch. D ist., Pa. 4 M
s
30,000
41916-1926
40,000
1 3 39--S teelton , P a ______ _______ 4
56. .
5terling, 111.........................................................4H
al9 1 7
14,500
1926
1 4 5 9 - .S tigler Sc. D is., In d . T e r. 6
12,000
1517-.S u m m e r H om e Sc. D ., Cal. C
1907-1926
2,000
1907-1926
1460.T a lb o t C ounty, M d _4
10,000
1400. .
Tem ple Sch. D ist., T e x . . 5
25,000
1936
1400.T erra A lta, W V a ___5
15,000
5 6 ..
Terry Sc. D . N o 5, M o n t. 6 1909
1,500
1339.T icon d eroga U n. Free Sch.
Dist. N o. 5, N . Y ______ 4
45,000
1917-1939
1517.T o fte , Minn
____ _6
1926
10,000
56.T o le d o , Ohio (10 i s .) __________5
109,690
57.T re n to n , N . J. (2 i s .) ________ 4
1916
154,200
57 -_T ren ton . N . J. (2 i s .)____ 4
1936
38,000
15 17_.U n ion -E n dicott H igh Sch.
1907-1926
Dist. N o. 1, N . Y . ( 2 is.) 4)4
20,500
1400 . . Union Tw p .S c h .D i s t .,O . 6
1919
2,500
1907-1912
1340.U tica . N . Y .............. .. 4
12,617
1 4 6 0 .-U xbrid ge, Mass__________ 4
1907-1936
15,000
117— V acaville, C a l ___________ 5
1907-1931
25.000
117_.V ersailles, O h io..... ............. 4
1907-1916
4,500
1460.-V ic t o r , N . Y .........................
1907-1916
11,000
1460.
-W alth am , Mass_____ 4
27,000
1907-1919
57-W an ette. O kla____ 6
1936
20,000
1 3 4 0 .-W arren C ounty, M iss____ 5
41911-1926
50,000
1518-W ash ington T w p ., O h io .. 5 1907-1909
6,000
1 1 7 ..
W ashington T w p ., O h io .. 4 1907-1922
8,000
1460-W averlv Sch. D ist. N o.
152, W a sh _______________ 5)4 41916-1921
1,000
4
1401.W au seon , Ohio (2 i s . ) ________ 1907-1916
2,196
1401-.W a u se o n , Ohio (2 i s . ) ____ 4)4
1907-1916
2,348
117 . . W elcom e S c h . D ist., M inn. 4
11,000
58.W ells Point Sc. D is., T e x . 41916-1926
5
1,950
1 4 6 1 ..
W ellsville, N . Y ______ 4.15
1911-1935
29,963
1 5 1 8 .-W est Carrollton, O. (6 is.) 5
3,200
l o lS -.W e s t Palm B each Sch.
Dist. N o. 1, F la _______ 5
1907-1916
20,000
117_-W esterville, Ohio (3 is .) - 4)4
1907-1916
30,000
1461.
_W oodfield Sch. D ist., Ohio 4 1907-1912
6,000
1401 ..W o o n s o c k e t, R . I ________4
1935
50,000
1936
1 1 7 ..
W orcester, M ass_____ 3)4
20,000
5 8 .-W orth C ounty, I o w a ____ 53^
1908-1916
20,000
15 1 8 --W orth in g ton , M inn______ 5
1921
14,000
5 8 --W y o m in g , Ohio (2 i s .)___4
1936
10,500
58-_Y on k ers, N . Y ___________
4,475
: 1 1 7 - -Y o r k S c h . D ist., P a ______ 3.65
1916-1925
75,000
1461-Y ou n gstow n , O h io_4
1907-1918
60,000
5 8 - -Y ou n gstow n , Ohio (7 is.) 5
1907-1911
14,230

93

101

105
103.35
100.032
101.875
101.166
96
103.866
100.S43
102.56
101.47
102.43
101.617

100
100

100.649
103.518
100.77
102.662

102

101.25

101.01

107
100.506

100

100.457

100

m oo

100.422
103.631

101.17
104

100
101.10
101.036
100.333
100.43

101.21
101

102.502
100.808
102.50

101.10
100
100
100
100
100.053
107.031
100.055
100.65
100.50
101.58

m oo

107.222
104.114

100
100

100.701
101.43

T otal bond sales for June 1906 (236 m unicipali­
ties covering 329 separate issues)___________ £821,533,504
; ■a Average date o f m aturity, d S ubject to call in and after the earlier
year and m ature in the later year. A N ot including 816,792,300 of
;
tem porary loans reported, and w hich do not belong in the list, x Taken
b y sinking fund as an investm ent, y A nd other considerations.
B O N D S S O L D B Y C A N A D IA N M U N IC IP A L IT IE S .

Page.

Name.

Rate.

1513-.H a m ilto n , Ont. (3 i s . ) . . .
1 3 3 7 -.M a n it o b a _______________ .
1 3 3 7 --M a n it o b a _______________ 1337. .M a n it o b a ______ ________ .
5 4 ..M id la n d , O nt. (2 i s .) ____ 5 5 --P eterborou g h C o., O n t ....
1 3 9 8 -.P ic to n , Ont . . .............. .
11D --S t. Johns, N . B . (6 is .) . .
1399- - S t . T hom as, O n t________ 1401--W in n ip e g , M a n ................ .
T o ta l________ ____________

111

THE CHRONICLE

J u l y 14 1 9 06 .]

4
4
4
4
4M
i
4
4
4

4)4
4

Maturity.
1907-1936
1936
1936
1924
1907-1926
1946
1936

Amount.

Price.

8178,443
162,0001

99.382

22,000 101.125
22,000j
25,920
30,000

10,000

721,000
44,122
60,000

103.23
97.38
96.63
97.50

100

81,275.485

R E V IS E D T O T A L S F O R P R E V IO U S M O N TH S.

The follow ing item s, included in our totals for previous
months, should be eliminated from the same, as the sales
have not been carried to com pletion. W e give the page
number of the issue of our paper in which the reason for
the failure to consummate the sale m ay be found.
Page.
Name.
Amount.

1 5 1 1 .. Bay City, Mich. (April list)_____________________________ 850,000
1512.College Hill, Ohio (April list)______________________
9,000
14o6-.Jackson County, Fla. (April list)_______________________
60,000
1511,-Pierce County, Wash. (March l i s t ) _____________________ 109,000
1 4 5 7 ..
Rockford, 111. (2 is.) (May list)______________________ 96,200
11D--St. John’s, Ore. (May list)________ __________ __________ 10,000

W e have also learned o f the follow ing additional sales for
previous months.
Page.
Name.
Rate. Maturity.
Amount.
Price.
1454__Christiansburg Sch. Dist.
No. 4, V a ______________ 434
88^00
50 ,•00
1454. .Crow Wing County, Minn. 4
1911-1920
1455. .
Eastwood, N. Y. (2 i s .) .. 434 19101929 12,000
llB --E lk City, Okla. (Apr. list) 6
25 ,*00
1936
1455..
Grant Township, K a n ________4
17.000
1455..
Hardwick Sch. Dis., Minn. 4 19111924 7,000
1513.Jame.son, Minn______ 6
10.000
1926
1398..
Niles, Mich. (Dec.)__ 434
20,000
1907-1911
1 5 1 5 ..
Pierce County, Wash_3 %
dl907-1926
190,000
..................
25,000
1458..
5 .. Joseph Tw p., Mich________434

100

100

100.208
104.30
100

100
100
100
100
All the above sales (except as indicated) are for May.
These additional May issues will make the total sales (not
including temporary loans) for that month $14 507,937.

B ond P roposals and Negotiations this week
been as fo llo w s :

h a re

Abilene, Dickinson County, Kan.—Bonds

Authorized.—

T oe City Council has authorized the issuance of $6,000 city park bonds.
Albuquerque, N. Mex.— Bond Sale.— On July 2 the $30,000 4 ^ 2 % 20-30-year (option al) city-hall bonds a descrip­
tion o f which was given in V. 82, p. 1393, were awarded to
N. W . Harris & Co. o f Chicago at 100.50 and accrued
interest. This is on a 4.462% basis to the optional date
and 4 .4 7 % to full m aturity. Bonds are dated July 1 1906,
Alger County (P. O. Munising), Mich.— Bonds V oted .—
An election held in this county June 12 resulted in favor of
the issuance o f $100,000 5 % road bonds b y a vote of 377 to
145. M aturity “ $10,000 within five years and $10,000 yearly
thereafter.”
Allegheny, Pa.— Bond Issu e. — Arrangements are being
made for the issuance o f $10,000 street bonds and $85,000
4 % water bonds. W e are inform ed that these bonds will be
sold to the Sinking Fund Commission.
t '•
Alliance, Ohio.— Bond Offering.— Proposals will be re­
ceived until 12 m . July 27 b y Charles O. Silver, City A udi­
tor, for $10,000 4 % storm-sewer bonds. Denom ination
$500. Date Aug. 1 1906. Interest semi-annually at the
City Treasurer's office. M aturity Aug. 1 1921. Certified
check for 5 % of bonds bid for, payable to the Treasurer of
the City of Alliance, required. Blank bonds to be furnished
b y the purchaser.
Amityville, Suffolk County, N. Y .— Bond O ffering .— Pro­
posals will be received until 6 p. m. Aug. 6 b y W illis B.
Inglee, Clerk Board of Trustees, for $12,000 (coupon or
registered) street-im provem ent bonds. Bidders to name
rate of interest. Denom ination $1,000. Date Sept. 1 1906,
Interest semi-annually at the Bank of A m ityville at A m ity­
ville in New Y ork exchange. M aturity $1,000 yearly from
Sept. 1 1907 to Sept. 1 1918 inclusive.

Anacortes School District No, 18, Skagit County, Wash.
— Bond Offering.— Proposals will be received until 2 p. m.

July 27 b y P. H alloran, County Treasurer (P . O. Mt. Ver­
non) for $20,000 coupon refunding bonds at not exceeding
5 % interest. Denom ination $1,000. Interest annually at
the office o f the County Treasurer. M aturity tw enty years.
Each bidder will be required to deposit with the County
Treasurer a certified check for $200. Successful bidder to
furnish or pay the expense of furnishing printed or litho­
graphed bonds. These bonds were offered but not sold on
June 8.

Appleton City, St. Clair County, Mo.— Bond

Offering.—•

Proposals will be received until July 25 b y G. A. Theilmann,
Mayor, for $10,000 5 % electric-light-plant bonds. D enom i­
nation $500. Date Aug. 1 1906. Interest semi-annually
at the National Bank of Commerce in St. Louis. Maturity
tw enty years, subject to call after ten years. Bonded d ebt,
this issue.
Arlington, Mass.— Temporary L oa n . — This town recently
borrowed $15,000 in anticipation o f taxes at 4 .1 0 % discount.
Loan runs fo r four months.
Ashland, Ohio.— Bonds N ot S old. — The $10,000 5 % cou­
pon sewer-system bonds described in V . 82, p. 1453, were
not disposed o f on June 25.
. .
Bond Offering.— Proposals will be received until 12 m.
Aug. 6 b y A. P. Black, Village Clerk, for the following bonds:
$6,000 5% Center Street improvement bonds. Denomination S300.
8,800 5% Highland Avenue improvement bonds. Denomination $440.

Authority Section 2835 o f the Revised Statutes. Date
July 1 1906. Interest semi-annual. Maturity one bon d
each six months from March 1 1907 to Sept. 1 1916 inclusive.
Certified check for 5 % o f the bonds bid for, payable to the
treasury of the village, is required. Purchaser to pay accrued
interest.
Ashland, Jackson County, Ore.— Bond Sale.— W e are ad­
vised that the $23,000 4 j^ % water-im provem ent bonds de­
scribed in V. 82, p. 1114, have been awarded to the First
National Bank and the Bank o f Ashland.
Auburn, Me.— B o n d \ O fferin g .— A . C. Sprague, City
Treasurer, is offering for sale $18,000 3J^% 20-year refund­
ing bonds. D enom ination $500. Date July 2 1906. In­
terest j|semi-annual. These bonds were offered but not sold
on^JuneY6.,;ij9^|^VvM W ttj(lv4ri;l--i q ■ •
^
i^Barnesville, Minn.— Bonds N ot Sold.— A bid of 339,001
from C. H . Coffin o f Chicago was the only bid received for
the $40,000 4 j^ % water-works bonds offered by this city
on June 28. No award was made.
Barre, Worcester County, Mass.— Note Sale.— This town
recently purchased the plant of the Barre W ater C o., paying
for the same $34,669 21. Part o f this amount was obtained
b y selling bonds held b y the town amounting to $17,228,
and the balance o f $17,441 was provided for by issuing
3 M % (serial) notes to the Barry Savings Bank. Interest
Jan. 1 and July 1. ^M atu rity $1,000 yearly.
•
"AJ
Bay City, Bay County, M ich.— Bond Offering.— Proposals
will be received until 3 p. m. July 23 by C. J. Barnett, City
Comptroller, for $25,000 4 % local im provem ent bonds.
Denomination $1,000. Date Aug. 15 1906. Interest semi­
annually in New Y ork City- Maturity $10,000 in three

THE CHRONICLE.

112

years, $10,000 in five years and $5,000 in eight years.
Each bid m ust be accom panied b y an unconditional certified
check for $500, payable to the C ity Com ptroller. A ccrued
interest to be paid b y the purchaser, who must also furnish
lithographed bonds free o f charge to the city . P roofs o f
legality will be furnished to purchaser.

Bellaire, Ohio.— Bond

O ffering. — Proposals will be received

until 12 m. Aug. 2 b y R . E . C row , C ity A u d itor, for $1,949 50
6 % Franklin Street im provem ent bonds. A u th ority Sec­
tions 1536-281 o f the R evised Statutes. Denom ination
$194 95. Date July 1 1906. Interest annual. M aturity
one bon d yearly on July 1 from 1907 to 1916 inclusive. Cer­
tified check for 5 % o f the bonds bid fo r, payable to the City
Treasurer, is required. Purchaser to pay accrued interest.
Bethel, Clermont County, Ohio.— Bond O ffering.—P r o ­
posals will be received until 12m. July 16 b y L . W . Clare,
Village Clerk, for the $2,000 4 % sidewalk bonds offered but
n ot sold on May 26 (V . 82, p . 1335). D enom ination $400.
Date Feb. 25 1906. Interest annual. M aturity $400 yearly
on Feb. 25 from 1907 to 1911 inclusive. Certified check will
be required. A ccrued interest to be paid b y purchaser.
Biloxi, Miss.— Award P ostpon ed . — W e are inform ed that
the opening o f the bids received on July 5 for the $12,000
cou p on refunding city-h all bon ds described in V . 82,
p . 1511, has been deferred u ntil July 17.
Bisbee, Cochise County, Ariz.— B on d O ffering. — Proposals
will be received until 8 p. m . July 18 b y C. W . H icks, City
Clerk, for $80,000 5 % coupon sew er-system bonds. D e­
nom in ation $1,000. Interest June and Decem ber. Maturitjr $4,000 yearly beginning five years from date. Bonds
are n ot taxable. Certified check for 10 % o f b id , payable
to the C ity o f B isbee, is required. As stated in V. 82, p.
1454, these bon ds were recently refused b y C. H . Coffin o f
C hicago, to whom th ey were awarded on June 5

Biwabik, Saint Louis County, Minn.— B ond

O fferin g. —

Proposals will be received until 8 p. m. July 23 b y F. M.
B utler, Village R ecorder, for $10,000 5 % water-works bonds.
D enom ination $500. M aturity $2,500 every five years.
Certified check for $500, payable to George Gleason, Village
Treasurer, is required.
Bloomfield, Essex County, N. J.— Bonds P rop osed . — This
tow n , we are in form ed, proposes to issue $37,000 school
bonds.
Bluffton, Allen County, Ohio.— B ond O ffering.— Proposals
will be received until 12 m . July 30 b y B. F . B iery, Village
Clerk, for $13,500 4 ^ % Mj^cin and Church Street (village’s
p ortion ) im provem ent bofodfe, A u th ority Sections 2835,
2836 and 2837 o f the RevisecpStatutes. D enom ination $675.
Date July 1 1906. Interest March and Septem ber at the
Village Treasurer’s office. M aturity $675 each six m onths
from March 1 1907 to Sept. 1 1916 inclusive. Certified
check on a Bluffton bank for 4 % o f the bonds bid for, p a y ­
able to the Village Clerk, is required. Accrued interest to
be paid b y purchaser.

Boise School District No. 26, Ada County, Idaho.— on d
-B
S ale. — On July 3 $1,600 5 %

5-10-year (option al) sch ool­
building bon ds were awarded to the State Land Board at
par. D enom ination $400. Date July 1 1906. Interest
sem i-annual.
Bristol Special School District, Trumbull County, O hio. —
B on d O fferin g .— Proposals will be received until 12 m. July 25
b y A . S. H ahn, Clerk Board o f E du cation (P . O. B ristolv ille ), for $1,500 5 % bonds. A u th ority Section 3991 o f the
R evised Statutes. D enom ination $300. Interest sem i­
annual. M aturity $300 yearly from Sept. 1 1907 to Sept. 1
1911 inclusive.
Bryan, Williams County, Ohio.— Bond O ffering.— P ro­
posals will be received u ntil 12 m . A ug. 4 b y F . W . R adabaugh, Village Clerk, for $10,000 5 % coupon electric-light
and w ater-works bonds. A u th ority Section 4294, Session
Laws o f 1906. D enom ination $1,000. Date July 1 1906.
Interest sem i-annually in B ryan. M aturity $4,000 March 1
1908, $4,000 March 1 1909 and $2,000 March 1 1910. A
dep osit o f currency or certificate o f deposit on one o f the
banks o f B ryan for 1 % o f the bon d s, payable to the Village
Treasurer, is required.
Caldwell, Canyon County, Idaho.— B ond S a le. — On June
20 $25,000 city-h all and $6,000 water-works 5 % 10-20-year
(op tion a l) bonds were awarded to N. W . Harris & Co. o f
Chicago for $31,134 40— a basis o f abou t 4 .9 4 )^ % to the
op tion al date and 4 .9 6 6 % to full m aturity. D enom ination
$1,000. Date July 1 1906. Interest sem i-annual.
Camden County (P. O. Camden), N. J.— B ond S ale. — On
July 11 the $66,000 4 % 15-year (average) road-im provem ent
bonds described in V. 82, p . 1511, were awarded toH ow ard
K . Stokes, o f New Y ork C ity, at 101.222 and interest— a
basis o f about 3 .8 9 2 % . Follow ing are the bids:
Howard K . Stokes, New Y o r k ... 101.222 IN. W . Harris & Co.. New Y ork .. 100.584
Jno. D. Everitt & Co., New York 100.66 I

Carrollton, Carroll County, Ga.— Bonds V oted. — On July
9 the $40,000 5 % sewer, city-h all and street-im provem ent
bon d s m entioned in V . 83, p. 52, were authorized b y a v o te
o f 297 to 68. M aturity tw o bonds yearly beginning in 1917.
Cartersville, Bartow County, Ga.— Bonds V oted. — This
p lace, b y a v o te o f 286 to 11, recently authorized the issuance
o f $25,000 electric-plant and $15,000 w ater and gas-extension
bon d s.

[Yoi* Lxxxxn,

Centreville, Wilkinson County, Miss.— Bonds N o t S old . —
No satisfactory bids were received on July 3 for the $12,506
5% school-building bonds offered on that day. For descrip­
tion of these securities see V. 82, p. 1394.
Chico School District, Butte County, Cal.— B ond S a le . —
On July 7 $25,000 5 % 10-year school bonds were awarded
to the First National Bank of Oroville for $25,501. Securi­
ties are dated A ug. 1 1906. Interest semi-annual.

Chillicothe, Ohio.— Bond O fferin g. — Proposals will be re­
ceived until 10 a. m. July 23 b y the Sinking Fund Trustees
for the follow ing bonds:
$1,600 4 A % Fourth Street No. 2 sanitary-sewer improvement bonds, dated July 6
1904. Denomination $200. Maturity July 6 1914, subject to call
$200 yearly beginning July 6 1907.
5,500 4 'A % Alley No. 1 improvement bonds dated Aug. 25 1904. Denomination
$500. Maturity Aug. 25 1914, subject to call $1,000 yearly begin­
ning Aug. 25 1905.
2.000 414% Caldwell Street extension bonds dated Sept. 10 1904. Denomination
$200. Maturity Sept. 10 1914.
3,600 4’4 % Second Street Honey Creek Alley and Park Street storm-sewer bonds,
dated July 25 1905. Denomination $500, except one bond lor $000
Maturity July 25 1915.
3,100 43-6% Vine Street No. 1 sanitary-sewer bonds, dated Aug. 15 190.5. De­
nominations: 5 bonds o£ S50(/each and 3 bonds ol $200 each.
Maturity Aug. 15 1915, subject to call $500 yearly from 1900 to
1910 inclusive and $300 yearly thereafter.
3,200 4'-^°/. High Street No. 1 sanitary-sewer bonds, dated Aug. 15 1905 De­
nomination S200. Maturity Aug. 15 1915, subject to call $400
yearly beginning Aug. 15 1905.
1,300 434% Chestnut and Plum Streets sanitary-sewer bonds, dated Aug. 15 1905
Denominations: 3 bonds of $200 each and 7 bonds of $100 eacn.
Maturity Aug. 15 1915 subject to call $200 yearly' from 1906 to
1908 inclusive and $100 yearly thereafter.
2.000 4% Eastern Ave. No. 4 storm-sewer improvement bonds, dated Aug. 15
1905. Denomination $500. Maturity Aug. 15 1915.
4.000 4>4% Main. Rose and Poplar Streets sanitary-sewer bonds, dated Aug. 15
1905. Denomination $500. Maturity Aug. 15 1915, subject to
call S500 yearly beginning in 1906.

Interest annually at the office o f the C ity Treasurer. Cer­
tified check on a national bank for 2 % o f the bon ds bid fo r,
payable to the Sinking Fund Trustees, is required. D elivery
July 26 1906
These securities are n ot new’ issues bu t have
been held b y the Sinking Fund as investm ents.

Chillicothe School District, Ohio.— Bond S a le. — On July 5
$7,000 3 % 2-15-year (serial) im provem ent bon d s were
awrarded to the Federated Order o f Eagles for $1 prem ium .
A u th ority S ection 3994 o f the R evised Statutes. D en om i­
n ation $500. Date July 1 1906. Interest sem i-annual.
Chippewa County (P. O. Sault Ste. Marie), Mich,— B ond
S a le. — On

July 7 the $10,000 4 % cou pon bridge bonds
m aturing June 1 1919 were awarded to Seasongood & M ayer
o f C incinnati at 100.5625 and accrued interest— a basis o f
about 3.94)^2%. A b id o f par was also received from
W . E. Moss & Co. o f D etroit.
{$’
J
Cincinnati, Ohio.— B on d O fferin g. — Proposals will be re­
ceived until 12 m . A ug. 7 b y E lm er G. P rior, Clerk Board
Trustees “ Commissioners o f W a te r-W o rk s,” for $1,250,000
3 .6 5 % coupon additional w ater-works bonds. D enom ina­
tion $500. D ate A ug. 1 1906. Interest sem i-annually at
the Am erican E xchange N ational B ank, New Y ork C ity.
M aturity Aug. 1 1946, su bject to call after A ug. 1 1926.
Certified check on a national bank for $25,000. payable to
the Board o f Trustees “ Commissioners o f W a ter-W ork s.”
required. Bidders m ust use printed form o f proposals fur­
nished b y the Clerk.
Cincinnati (Ohio) School District.— Syndicate B i d — W e
are inform ed that the U nion Savings Bank & T rust Co. o f
C incinnati, w hich was awarded on June 25 the $250,000
3 .6 5 % 40-year cou pon school bonds at 100.0439 (V . 83, p.
5 2 ), represented a syn dicate com posed o f the follow ing
banks: U nion Savings Bank & Trust C o., Atlas N ational
B ank, Germ an N ational B ank, Central Trust & Safe D eposit
Co. and the W estern German B ank, all o f C incinnati.
Cleveland, Ohio.— Bond Election Order Rescinded.— W e are
advised that th e order for an election A ug. 14 to v ote on
the issuance o f $700,000 via d u ct bonds has been revoked.
Columbus, Lowndes County, Miss.-— B ond O ffe r in g — P ro­
posals will be received u ntil July 24 b y J. F. G unter, M ayor,
for $60,000 5 % gold cou p on im provem ent bon d s. A u­
th o r ity A ct o f Legislature, approved F eb. 14 1906. D e­
n om in ation $1,000. Interest sem i-annual. M aturity tw enty
years. B onds are ta x-exem p t. Certified check for $1,000,
payable to the M ayor, is required.
Columbus, Ohio.— B ond S ales. — The sinking fund pur­
chased at par a n d interest during the m onth o f June the
follow ing bonds:
$7,000 4% Poplar Ave. street-opening bonds dated April 1 1906.

Maturity April 1

3

000 4% Lynn St. bonds dated June 1 1906. Maturity Sept. 1 1916,1 optional
’
Sept 1 1907.
5 000 4% Madison Ave. bonds dated June 1 1906. Maturity Sept. 1 1916, op­
tional Sept. 1 1907.
3 000 4% Fulton St. bonds dated June 1 1906. Maturity Sept. 1 1916, optional
Sept. 1 1907.
50 000 4% public-improvement bonds (city's portion) dated June 15 1906 Ma­
turity S ep t.1 1916.
8 000 4% Warroad Ave. bonds dated June 15 1906. Maturity Sept. 1 1916, op­
tional Sept. 1 1907.
14 000 4% Franklin Ave. bonds dated June 15 1906. Maturity Sept. 1 1916, op­
tional Sept. 1 1907.
8 000 4% Medville St. bonds dated June 15 1906. Maturity Sept. 1 1916, optional
Sept.. 1 1907.
50 000 4% public-improvement bonds (city's portion) dated Aug. 1 1906. Ma­
turity S ep t.1 1916.
3 000 4)4% Parsons Ave. alley-sewer bonds dated June 1 1906. Maturity Sept. 1
1908, optional Sept. 1 1907.

Bonds A u th orized . — The C ity Council on July 2 passed
ordinances au th orizin g the issuance o f the follow in g bonds:
$3,500 4%
4 000 4%
13’ 000 4%
5 000 4%
6^000 4%

coupon Alsop Avenue assessment bonds. Denomination S500.
coupon Pugh Avenue assessment bonds. Denomination $1,000.
coupon Guilford Avenue assessment bonds. Denomination SI,000.
coupon Felton Avenue assessment bonds. Denomination SI,000.
coupon Mitchell Street assessment bonds. Denomination SI.000

The above bon ds shall bear date n ot later than O ct. 1 1906
Interest March 1 and Sept. 1 at the office o f the C ity Treas

Ju l y 14 1906.)

THE CHRONICLE.

113

Exeter School District No. 20, Fillmore County, Neb.—
M aturity Sept. 1 1917, su b ject bo call after Sept. 1
B ond S ale. — On July 2 the $5,000 4 % 3-10 year (op tion al)
Also the follow in g issue:
$50 000 4% coupon street-improvement (city's portion) bonds. Denomination cou pon building bonds desoribed in V. 82, p. 1513, were
‘
$1 000. Date Nov. 1 1900. Interest March 1 and Sept. 1. Ma­
awarded to W . E. Barkley o f Lincoln at par and accrued
turity Sept. 1 1916.
Condon, Gilliam County, Ore.— B ond S a le. — On July 2 the interest. A bid o f par and interest was also received from
the Enterprise P rinting Co.
$17,000 6 % 20-year gold coupon water bonds described in
V. 82, p. 1512, were awarded to J. I5. R ogers o f Salem for
Fairbury, Neb.— B on d S ale. — On July 10 $7,000 o f the
$18,237 60— a basis o f abou t 5 .4 0 % . A bid o f $17,042 50 $10,000 5 % 5-10-year (op tion a l) sewer-main bonds described
was also received from S. A. K ean o f Chicago.
p;
in V. 82, p. 1395, were awarded to James W . Price o f FairCuyahoga County (P. O. Cleveland), Ohio.— Note S ale. — bury for $7,050 and interest.
On July 7 $25,000 5 % b rid ge notes were awarded to W . J.
Faribault School District, Rice County, Minn.— Bonds
H ayes A Sons o f Cleveland for $25,010 and accrued interest. V oted. — On June 30 this d istrict, it is stated, authorized the
D enom ination $12,500. Date July 1 1906. M aturity issuance o f $4,500 school-site and $25,500 school-building
$12,500 April 1 1907 and $12,500 O ct. 1 1907.
b o n d s.
Dallas County (P. O. Adel), Iowa.— B on d S ale. — On June
Floresville, Wilson County, Tex.— Bonds N ot Yet S old. —
6 $25,000 5 J £ % Drainage D istrict Nos. 3 and 4 bonds were
No sale has y et been made o f the $4,000 4 % 20-40-year
awarded to the W . R . C om pton Bond A M ortgage Co. o f
(option al) w ater-works bonds registered b y the State C om p­
Macon for $25,045. A bid was also received from the Geo.
troller on May 16. D en om in ation $1,000. Interest Janu­
M. B echtel Co. of D aven port. D enom ination $500. Inter­
ary and July.
est sem i-annuallv in April and O ctober. M aturity oneForest Grove, Itasca County, Minn.— Bond O fferin g .—
seventh yearly after three years.
Proposals will be received u ntil 2 p. m . A ug. 1 b y T . T . H olst,
Dallas Township <P. O. Chatfield), Ohio.— Bond S ale.— T ow n Clerk (P . O. M izpah), for $8,000 4 % road and bridge
On June 30 $8,000 5 % gold pike bonds were awarded to
bonds. A uth ority Chapters 64 and 11, Laws o f 1905.
W . H. Augene o f Brokensw ord at 104.25. Interest January
D enom ination $500. Interest annually 8n July 1. Matur­
and July.
ity $500 yearly on July 1 from 1911 to 1926 inclusive.
Dayton, Campbell County, Ky.— D escription of B o n d s. —
Forsyth, Mont.— Bonds D efeated.— This city on July 7
W e are inform ed th at the $25,000 4 % coupon refunding vo+ed against a p rop osition to issue $35,000 water bonds.
street-im provem ent bonds recently authorized b y the C ity
Fredonia, N. Y . —Bonds V oted . — B ond O fferin g . — The elec­
C ouncil (V . 82, p. 1454) are in denom inations o f $500 each.
Date Sept. 1 1906. Interest Jan. 1 and July 1 at the Bank tion held July 9 resulted in a v ote of 98 to 41 in favor of
o f D ayton in D ayton
M aturity fifteen years, su b ject to issuing the $12,000 4 % registered electric-light-plant bon d s
m entioned in last w eek’s issue. Proposals for these bon d s
call in num erical order $1,000 yearly.
will be received until 7:30 p. m ., July 16, b y the B oard of
Douglas County (P. O. Superior), W is.— Bond O fferin g. — Trustees. Interest semi-annual. M aturity $1,000 yearly
Proposals will be received until A ug. 1 b y Chas. L . Flagstad, from July 1 1907 to July 1 1918 inclusive. E. M. Corey is
C ounty Clerk, for $100,000 4 % gold cou pon insane-asylum Village Treasurer.
bonds. A uth ority Section 603, W isconsin laws. D enom i­
Fremont, Ohio.— Bond O ffering.— Proposals will be re­
nation $500. Date July 2 1906. Interest Jan. 1 and July 1
at the Count}’ Treasurer’s office, New Y ork or Chicago ex­ ceived until 12 m . July 28 b y the C ity A uditor for $9,746 4 %
change. M aturity $5,000 yearly on July 1 from 1907 to M cPherson A venue paving bon ds. D enom ination $500,
1926 inclusive. Bonds are exem pt from all taxes. Certified except one b on d for $246. D ate July 1 1906. Interest
check for 2 J £ % , payable to the C ounty Treasurer, is re­ April 1 and O ct. 1. M aturity $500 each six m onths from
quired. B onded d e b t, this issue. Assessed valuation for A pril 1 1907 to A pril 1 1916 inclusive and $246 O ct. 1 1916.
Certified check on a F rem ont bank for 10 % o f the bonds
1905, $17,810,981.
bid for, payable to the C ity Treasurer, is required. Accrued
East Pittsburgh, Allegheny County, Pa.— B ond Offering. interest to be paid b y purchaser.
— Proposals will be received until 7:30 p. m. July 16 b y S. E .
Geddes, So. Dak.— B ond S ale.— On July 7 $8,000 5 % 20R ich ardson, Chairman Finance C om m ittee, for $57,000
year sewerage bon ds were awarded to the State o f South
coupon bonds. D enom ination $500. Date Jan. 1
1906. Interest sem i-annual. M aturity $1,000 yearly from D akota at par. D en om in ation $100. Interest annual.
Granger Independent School District, Williamson County,
1912 to 1917 in clusive, $1,500 yearly from 1918 to 1922
in clusive, $2,000 in 1923 and S2.000 in 1924, $2,500 in each Tex.— Bond O ffering.— Proposals will be received until 4 p. m.
o f the years 1925, 1927, 1928 and 1930, $3,000 in 1926 and July 16 b y Dr. J. C. Anderson, President B oard o f Trustees,
S3,000 in 1929, $6,000 yearly from 1931 to 1933 inclusive for $15,000 5 % school-house bon ds. D enom ination $1,000.
and $5,500 in 1934. These bonds are free from ta x . Certi­ Date July 1 1906. Interest sem i-annually at New Y ork ,
fied check for $1,000, payable to the B orough Treasurer, Austin, T e x ., or Granger, T e x ., at op tion o f purchaser.
is required. These bon ds were offered, su b ject to State ta x . M aturity forty years, su b ject to call after tw enty years.
bu t n ot sold on July 6.
Greece Union Free School District No. 4, Monroe County,
Elk City (P. O. Busch), Rogers Mills County, Okla.— Bond N. Y .— Bonds N o t S old . — No bids were received on July 7
S a le. — An issue o f S25.000 6 % 30-year water-w orks bonds for the $21,000 4 % bon ds described in V. 82, p. 1227.
o f this tow n was awarded on A pril 26 to R . J. Edw ards of
Hale County (P . O. Greensboro), Ala.— Bond O ffering. —
Oklahom a C ity at 104.30. D enom ination $1,000. Date
Proposals wall be received until 12 m. A ug. 6 b y W . C.
May 1 1906. Interest sem i-annual. W e report this sale as
C hristian, P robate Judge, for $30,000 4 % court-house
a m atter o f record.
bonds. A u th o rity , election held N ov. 21 1905. Interest
Enterprise Irrigation District, Fremont County, Idaho.— sem i-annually at the office .of the C ounty Treasurer. Ma­
Bonds Not Y et Sold. — No sale has y et been m ade o f the tu rity tw enty years.
Certified check for $500, payable to.
$55,000 6 % coupon bonds offered w ith ou t success on May the Probate Judge, is required. B onded d eb t, this issue.
7.— See V. 82, p. 1169.
Hamilton, Butler County, Ohio.— Bonds A uthorized.— The
Essex County (P. O. Newark), N. J.— B ond O fferin g. —
C ity Council on June 26 passed an ordinance provid in g for
Proposals will be received until 2:30 p. m. July 25 b y the the issuance o f $55,000 4 % street-im provem ent (c it y ’s
Board o f Chosen Freeholders for $500,000 4 % gold cou p on portion ) bonds. D en om in ation $500. Date July 1 1906.
bon ds. A uthority Chapter L X , Laws o f 1905. D enom ina­ Interest sem i-annual. M aturity July 1 1921.
tion $1,000. Date Aug. 1 1906. Interest sem i-annual.
Hancock County (P . O. Findlay), Ohio.— Bond O ffering. —
M aturity Aug. Ifll946. Certified check for $5,000 required. Proposals will be received until 12 m. July 30 b y the Board
Bonds will be ready for delivery A ug. 1 1906. Accrued o f Commissioners for $3,500 5 % J. J. Nonnam aker road
(Orange Tow nship) bon ds. A u th ority Section 6 o f an A ct
interest to be paid b y purchaser.
o f the Legislature passed A pril 4 1900. D enom ination

urer.
1907.

The official notice of this bond offering will be found a?nong
advertisements elsewhere in this Departm ent.

$500. Date Sept. 1 1906. Interest sem i-annually at the
office o f the C ounty Treasurer. M aturity $500 yearly on
Evanston, Uinta County, W yo.— Bond S a le. — On July 6 Sept. 1 from 1907 to 1913 inclusive. Certified ch eck (or
the $24,500 10-20-year (option al) sew er-construction bonds cash) for $200 is required. John A. Sutton is C ounty A udi­
offered on July 2 were awarded to Charles Stone of E vanston tor.
Proposals will also be received at the same tim e and place
at par, accrued interest and blank bonds for 5s. The bids
for $14,000 5 % W . A. K rout road bonds in Delaware T ow n ­
were as follow s:
F o r 5% B onds.
ship. A uthority Section 6, A ct o f the Legislature passed
Charles Stone, Evanston—par, accrued interest, blank bonds and all cost Incidental
April 14 1900. D enom ination $500. Date Sept. 1 1900.
to delivery.
Rudolph Kleybolte & Co.. Chicago— $25,259 and accrued Interest.
Interest sem i-annual. M aturity $1,500 yearly from Sept. 1
X. W . Harris & Co., Chicago— $24,755, accrued Interest and blank bonds.
1907 to Sept. 1 1914 inclusive and $1,000 on Sept. 1 in each
Wm. C. Irvine, State Treasurer. Cheyenne—S25.000.
E. H. Rollins & Sons, Denver— par and accrued interest, less $490 for blank bonds o f the years 1915 and 1916.
Certified check for $500, p ay­
kvand legal services.
F o r 5 K % B onds.
able to the C ounty Treasurer, is required. Purchaser to
Browne-Ellinwood Co., Chicago— $25,117 and blank bonds.
furnish blank bonds.
C. H. Coffin, Chicago— $24,701 and blank bonds.

Trowbridge < Niver Co.. Chicago—$24,526, accrued Interest and blank bonds
fc
Wells & Dickey Co., Minneapolis— par. accrued interest and blank bonds.
F o r 6% B on d s.
Otis & Hough, Cleveland—$25,301 40 and accrued Interest.
C. H, Coffin. Chicago—$25,201 and blank bonds.
Wm. E. Sweet it Co., Denver—$25,186, accrued Interest, blank bODds and attor­
ney's fc e 3 .
Farson Son A Co.. Chicago— $25,000, accrued interest and blank bonds.
W. J. Hayes < Sons, Cleveland—$24,908, principal and Interest to be payabte In
fc
Chicago.
W. J. Cashin, representing S. A. Kean, Chicago— $24,745.
F. E. Magraw, St. Paul— par

Haverhill, Mass.— Bond O ffering. — Proposals will be re­
ceived until 10 a. m. July 16 b y Arthur r . Jacobs, ( ity
l
Treasurer, for $19,000 4 % cou pon bonds. D enom ination
$1,000. Date April 1 1906. Interest sem i-annually at the
First National Bank in B oston. M aturity $2,000 yearly
on April 1 from 1907 to 1915 inclusive and $1,000 April 1
1916. Accrued interest to be paid b y purchaser.

1 14

THE CHRONICLE.

H averling Union Free School District No. 5, Town of
B ath, Steuben County, N. Y .— Bond Bale.— On July 10 the
$12,000 4 % 1-12-year (serial) coupon school bonds described
in V. 83, p. 53, were awarded to the Farm ers’ and M echanics’
Bank o f Bath at par and accrued interest.
Independence, Mo.— Bonds V oted. — It is stated that this
city on July 2 authorized $30,000 sewer bonds b y a v o te of
277 to 115.
Ingram, Allegheny County, Pa.— Bond O ffering.— P ro­
posals will be received until 7:45 p. m. A ug. 6 b y D. H.
H ainer, Clerk o f C ouncil, for the $25,000 4 % coupon street
and sewer im provem ent bonds recently v o te d . D enom ina­
tion $1,000. Bonds are exem pt from all taxes. Bonded
d eb t, n ot including this issue, $63,000. Assessed valuation
fo r 1906, $1,740,900.
i .-Jj - i t/i
jjb Innisfail, Alberta.— Debenture S ale. — On July 2 the
$19,000 5 % debentures described in V. 82, p. 1513, were
awarded to the Canadian Securities C orporation o f T oron to.
Jasper County (P. O. Rensselaer), Ind.— B ond S ale. — The
offering on July 10 o f the three issues o f bonds described in
Y . 82, p. 1513, resulted as follow s:

received from S. A. Kean o f C hicago.
bonds is payable sem i-annually. For
V. 82, p. 1456.

[VOL. LXXXI1I.
Interest on these
other details see

Manistee, Manistee County, Mich.— Bond O fferin g. — Pro­
posals will be received until 1 p. m. July 17 b y C. A . Gnew uch, City Clerk, for $50,000 4 % coupon park bon ds. A u ­
th ority Sections 14 and 20, Chapter 26, o f the C ity Charter.
Denom ination $1,000. Date A ug. 1 1905. Interest sem i­
annually in Manistee. M aturity $10,000 yearly on A ug. 1
from 1923 to 1927 inclusive. Certified check for 3 % of
the bonds b id for, payable to the City Treasurer, is required.
Official advertisem ent states th at the city has never de­
faulted in paym ent o f principal or interest o f any d ebt.
E ach bid m ust be made on a blank form furnished b y the city .
Mansfield, Richland County, Ohio.— Bond S a le .— On July
7 a $300 5 % 1-year street-repair b on d was awarded to J. F .
W eldon for $301 50. Date o f b on d July 9 1906.

Marion County (Ore.) School District No. 4.— B ond S a le .—
On June 16 $12,000 5 % 10-20-year (option al) sch ool-bu ildin g
bonds were awarded to Morris Bros, o f Portland for $12,167 50— a basis o f about 4 .8 2 2 % to the option al date and
$74,500 5 V i'/c Iroquois Ditch No. 22 bonds maturing $7,500 yearly on May 1 from
Securities are dated July 2 1906.
M _•
1908 to 1916 inclusive and $7,000 May 1 1917. Awarded to W. J. 4 .9 0 % to m aturity.
Hayes & Sons, Cleveland, for $75,050.
Interest June and Decem ber.
■13,000 4y . % Robert Parker Road bonds maturing $650 each six months from May
80,000
„

15 1907 to Nov. 15 1916 inclusive. Awarded to Emmet L. Hol­
lingsworth of Rensselaer for $13,082.
John A. Knowlton Road bonds maturing $2,000 each six months
from May 15 1907 to Nov. 15 1926 inclusive. Awarded to Breed &
Harrison of Cincinnati for $80,475.

Marion School District No. 4, Smyth County, Va.— Bond
O fferin g .— Proposals will be received until 12 m . July 20 b y
A . T . L in coln , Chairman, or S. W . D ickinson, Secretary,

Jewell Union High School District, Los Angeles County, for $20,000 5 % school-house b on ds. A uth ority Chapter
Cal .— B ond S a le.— On July 2 $20,000 4 ^ % 1-20-year 255, A cts o f 1906, and v o te o f 145 to 4 at election held to

(serial) building bonds were awarded to the Riverside Savings authorize the bonds. Interest Jan. 1 and July 1. M aturity
B ank & Trust Co. o f R iverside at 100.50— a basis o f about tw enty years, su b ject to call after five years. Certified check
for $250, payable to S. W . D ickinson, Secretary, is required.
4 .4 4 % . F ollow ing are the bids:
Mayville, Tuscola County, Mich.— B ond S a le .— On June 25
Riverside Sav.Bk.& Tr.Co.,Rivers.$20,1001N. W . Harris & Co., Chicago------ $20,056
Pasadena Sav.& Tr.Co..Pasadena. 20,059 I
the $7,000 5 % 8-14-year (serial) cou pon -water-works bonds
D enom ination $1,000. Date July 2 1906. Interest described in V. 82, p . 1397, wrere awarded to the Com m ercial
an nu al.
Bank o f M ayville at 103— a basis o f abou t 4 .6 4 8 % .
Josephine County (Ore.) School District No. 7.— Bond
Melrose, Mass.— Bonds P ro p osed .— The Board o f A iderO fferin g.— Proposals will be received until 8 p. m . A ug. 7 b y men recently passed a resolution to issue $55,000 school
J. T . T ay lor, C ounty Treasurer (P . O. Grants P ass), for b on ds. W e are in form ed, how ever, that a petition has been
$15,000 5 % gold sch ool-bu ildin g bon ds. A u th ority Sub­ circulated requesting the subm ission o f this question to a
division 31, Section 3389, o f Bellinger & C otton ’s Code of v o te , and it is reported that a sufficient num ber of signatures
Oregon, and election held M ay 28 1906. Interest F eb. 1 has been obtained and that the m atter will p robably be
and A ug. 1 at the office o f the C ounty Treasurer or in New postponed u ntil the D ecem ber election.
Y o rk C ity, at op tion o f purchaser. M aturity Aug. 1 1926,
Mercer County (P. O. Celina), Ohio.— B ond O ffering .—
su bject to call after ten years. A deposit o f 5 % o f the bonds Proposals will be received until 12 m . to -d a y (July 14) by
is 1 required. B onded d e b t, including this issue, $37,000. the Pike Com m issioners, at the office o f T . A . W eis, C ounty
Assessed valuation for 1905, $1,371,225; actual value (esti­ A u ditor, for $11,000 5 % cou p on H a y s’ Free T urnpike bon d s.
m ated ), $3,000,000.
:?h \ rj ’l
J. |
' '--Jti A uth ority Section 4808 o f the R evised Statutes. D en om i­
Julesburg, Sedgwick County, Colo.— Bonds V oted. — B y a nations: $600, $700, $800, $900 and $1,000. Date July 30
v ote o f 49 to 11,this city on July 9 authorized the issuance 1906. Interest sem i-annually in Celina. M aturity on
o f $30,000 water-works and $3,500 electric-light 5-15-year July 30 as follow s:
(option al) bonds at n ot exceeding 6 % interest. Bids will $600_____ .in 19071$800--- . . . i n 19111 S900— - .- i n 1914 $1,000
600--------- .in 1908 800--- . . - i n 1912 1.000--- . . . i n 1915 1,000
be received in abou t six ty d a y s .i
“! • *
700_____ .in 1909 900--- ___ in 1913 1,000--. - - .i n 1916 1,000.
700_____ -in 1910]
1
L ansin g, Mich.— B on d S ale. — On July 9 the $54,898 streetBonds are tax-exem p t,
im provem ent bonds described in Y . 82, p . 1514, were
awarded to the M ichigan Com m ercial Millers Insurance Co. to the Pike C om m issioners, is required.
Bond O ffering .— Proposals will be received until 1 p. m .
at par for 4 per cents. A b id o f 101.70 for 5s was also re­
ceived from S. A . K ean o f Chicago. ,j]
' ' ' r.|jS July 21 b y T . A . W eis, C ounty A u d itor, for the follow in g
bonds:
L ex in g ton , Miss.— Bond Election P ostpon ed . — W e are in ­ $15,500 4% coupon Anselman Road improvement bonds. Maturity $1,500 Aug. 15
1907; $500 on Feb. 15 and $1,000 on Aug. 15 each year from 1908
form ed that the election to vote on the question o f issuing
to 1915 inclusive; $1,000 Feb. 15 1916 and $1,000 Aug. 15 1916.
$22,500 5 % cou pon electric-light-plant bon ds, m ention of
14,500 4% coupon Koch Road improvement bonds. Maturity SI,000 on Aug. 15
and $500 Feb. 15 from Aug. 15 1907 to Aug. 15 1916 inclusive.
w hich was made in V . 82, p. 766, has been postponed in­
5,000 4% coupon Diener Road improvement bonds. Maturity S500 yearly from
definitely.
Aug. 15 1907 to Aug. 15 1916 inclusive.
1 Lincoln, Middlesex County, Mass.— L oan Authorized.—
A uthority Title 7, Chapter 8, o f the R evised Statutes.
The T ow n Treasurer has been authorized to borrow $15,000 Denom ination $500. Date A ug. 15 1906. Interest sem i­
annual. A deposit o f $100 m ust a ccom pan y bids for each
for current expenses.
Lincoln, Neb.— Rate of Interest.— W e are inform ed that the issue. Successful bidder to furnish blank bon d s. These
bids to be received until July 23 for the $50,000 cou pon bonds are offered in a d dition to the $23,000 bonds to b e sold
refunding bonds m ust be based on securities bearing n ot ex­ on the same day as described in V . 82, p. 1456.
Merchantville, Camden County, N. J. — Bonds to B e Again
ceeding 4 y i % interest. For other details o f bonds and
Voted .— W e are inform ed th a t, ow ing to changes in the law ,
terms o f offering see V. 83, p . 54.
'.-w-v
Lincoln County (P. O. Ivanhoe), Minn.— B ids Rejected .—■ the proposition to issue the se-wer-system bon ds m entioned
W e are advised th at, ow ing to the illegality o f the proceedings in V. 82, p. 948, will have to be again subm itted to a v o te .
leading up to the offering on July 10 o f the $8,370 75 5 % This, how ever, it is exp ected , will n ot be done for som e tim e.
Middletown, Ohio.— B ond O fferin g .— Proposals wall be
d itch bon ds, all bids received on that day were rejected.
Bids were subm itted b y K ane & Co. o f M inneapolis; W ells, received until 12 m . July 23 b y N. G. O glesby, C ity A u d itor,
D ickey & Co. o f M inneapolis; U nion Investm ent Co. o f for $1,075 70 4 % street-im provem ent assessment bon ds.
M inneapolis, and the A m erican Securities C orporation o f A uthority Section 75 o f the M unicipal Code. D enom ination
Cedar R apids. See V . 82, p. 1456, for description o f bonds. $107 57. Date July 19 1906. Interest sem i-annually at
Livingston School District No. 32, Park County, Mont.— the National Park Bank in New Y o rk C ity. M aturity one
Certified check for $75 required.
B on d S a le. — On June 11 a $1,000 6 % building b on d was b on d yearly.
Midville, Burke County, Ga.— Bonds N o t Y et S o ld .— No
awarded to the State Board o f Land Commissioners o f Helena
at par. Interest annually in July. M aturity July 1 1916, sale has yet been made o f the $5,000 5 % 1-25-year (serial)
su bject to call after July 1 1911.|?|]
• • • ; y -j i q u coupon school-building bonds described in V. 82, p . 1283.
< • )•
Minnesota.— L o a n s .— A ccordin g to the St. Paul “ Pioneer
Loganville, Walton County, Ga.— Bonds V oted. — -By a
v ote o f 69 to 27 this tow n on July 9 authorized the issuance Press” the State Board o f Investm ent on July 2 accepted
o f $10,000 5 % 20 and 30-year school-building b on ds, q J • applications for loans as follow s:
District
County, S2.500; 93,
Ramsey, 51,500
Los Angeles, Cal.— Bonds N ot S old . — No bids were re­ 192 Pork 33, St. LouisNorman, SI,500; 14S, Stearns, $1,500: 6,43, Lyon, SI,500;
$5,000; SI,
Goodhue, $1,000;
'
ceived on July 2 for the $287,500 4 % 1-40-year (serial) 106 Lac qui Parle, $1,400; 92, Le Sueur, $8,500; 122, Jackson, SI,300; 12, Roseau,
41 Stevens,
coupon main and lateral sewer bon ds described in V. 82, $6 000;83, Faribault,S800: 15, Carlton, $5,200: 15. Red Lake, SI,000; 69, Freeborn
$550;
S4U0O; 39, Stevens, SI,000; 66, Roseau, S3,500; Town of
Wagner S3 000: Lone Tree, S3.000: Two Harbors, S3.500: Milaca, $10,000; Vilp . 1514.
• ,J -j
t
•
<
* • • •
4
lard S6'000: Tenstrike, $4,000; Wilkin County, 85,000; Independent School Dis­
............................ ■-%•! • 'i
Manchester, Va.— B ond S ale. — On July 11 the $20,000 trict No. 1, $10,000.
4 % 34-year coupon water-filtration bon d s, bids for which ^Mississippi.— L oan N egotiated .— -The State, it is stated,
were received on July 6, were awarded to the Bank o f Man­ recently negotiated a loan o f $200,000 w ith the E quitable
C
chester at par. A bid o f 103, w hich we are inform ed did Life Assurance Society o f New Y ork J 1 ityj|,through_ the
n ot com ply with the terms o f the advertisem ent, was also M erchants’ Bank of Jackson.

J u l y 14 1906.]

TILE CHRONICLE.

115

Oshkosh, Wis.— B o n d sf Authorized. — The Common Coun­
M ontezum a V alley Irrigation D istrict (P . O. Cortez'),
M ontezum a County, Colo.— B ond S ale. — On June 30 the cil has authorized the issuance of $6,400 sewer bonds at not
S556.500 (5% irrigation bonds offered b u t n ot sold on June exceeding 4 % interest. M aturity 190S.
15 were awarded to T . C. H enry & Sons it Co. o f D enver
Osceola, Ark.— Bond O ffering.— The Board o f Im prove­
at 95. The purchaser also agrees to com plete the water ment is offering at private sale $31,500 6 % 20-year coupon
system for the district according to the plans and specifica­ water-works bonds. D enom ination $500. L. A. Morris is
tions. W e are advised that the arrangement in volves the Secretary.
turning over to the district of the water system now owned
Osceola, Clarke County, Iowa.—Ronds Not Sold — Bond
b y the Montezuma W ater it Land C o., for $250,000 cash,
on or before Aug. 31 1906. The water system when com ­ O ffering.— No sale was made on July 9 o f the $32,000 4 %
pleted will cover 60,000 acres and will be p rovided with 20-year water-works and sew er-im provem ent bonds offered
on that day (V . 82, p. 1515). These bon ds arc now being re­
storage reservoirs.
M ontreal, Que.— B ond Sale P ostponed .— W e are advised offered and proposals will be received until July 23. Rate
that the sale of the $300,000 4 % gold coupon bon ds which o f interest to be nam ed in bids.
Paden, Ind. Ter.— B ond O fferin g.— Bids are requested at
was to have taken place on July 6 (see V . S2, p. 1514) has
any tim e b y R . L. H ickm an , T ow n Clerk, for $3,000 school
been postponed.
M oose Jaw Public School D istrict N o. 1, Sask.— Debenture bonds, to mature in from 15 to 20 years.
S ale. — On July 4 the $10,000 5 % debentures, bids for which
Pasadena, Cal.— Bonds N ot S old . — On accou nt o f the suit
were received until June 30 (V . 82, p. 1457), were awarded recentty filed to restrain the issuance o f the $200,000 4 %
to the N ational Trust Co. at 104.10 and accrued interest. m unicipal-im provem ent bonds offered on July 3 (See V. 82,
Follow ing are the bids:
p. 1453) no bids were received on that date. A hearing in
National Trust Co_________ aS10,410 001W . C. Brent, Toronto_______ aS10,179 00
the suit has been set for July 23. For description of these
J. W . Nay, R egin a...............<110,327 501Union Bank of Canada----------- 010,175 00
Northern B ank____________
10,291 00 IAemilius Jarvis & Co., Toron. nl0,164 00 securities see V. 82, p . 1284.
Wood, Gundy & Co., Toronto «10,23S 001Manufacturers’ Life Ass'n_ alO.Ool 00
_
W .J . Christie & C o .. ........ ..

10,200 OOlGeo. A . Stlm son&Co., Toron al0,031 00

a And accrued interest.

M orden, M an.— Debenture O ffering. — Proposals will be
received until July 20 b y C. M cCorquodale, SecretaryTreasurer, for $9,000 5 % debentures. Securities are dated
June 19 1906. Interest annual. M aturity part yearly for
tw enty years.
M ount W ash in gton , H am ilton C ounty, O hio.— B ond
O ffering. — Proposals will be received until 12 m . July 28
b y E . H . Stevens, Village Clerk, for $2,000 5 % sidew alkim provem ent-assessm ent b on ds. A u thority Sections 2835,
2836 and 2837 o f the R evised Statutes and Ordinance No.
609 passed June 25 1906. D enom ination $100. Date July
2 1906. Interest sem i-annually at the First N ational Bank
in Cincinnati. M aturity July 2 1916. Bonds are ta xexem pt. Purchaser to pay accrued interest.
New Castle C ounty (P . 6 . W ilm in g ton ), D e l.— B ond Sale.
— On July 10 the $35,000 4 % 24-year coupon work-house
bonds described in V. 82, p. 1514, were awarded to the
E quitable Guarantee & Trust Co. o f W ilm in gton at 102.45
— a basis o f about 3 ,8 4 3 % . Follow ing are the bids:

Paulding, Ohio.— B ond O fferin g. — Proposals will be re­
ceived until 12 m. July 30 b y E d . H . C ooper, Village Clerk,
for the follow ing bonds:
S13.500 4% Main Street improvement bonds. Denomination $1,350. Maturity
$1,350 yearly on Aug. 1 from 1916 to 1925 inclusive.
6.000 4% water-works extension bonds. Denomination SI,000. Maturity SI 000
yearly on Aug. 1 from 1926 to 1931 inclusive.
10,000 4% electric-light-plant bonds. Denomination $1,000. Maturity SI 000
yearly on Aug. 1 from 1932 to 1941 inclusive.
2.000 4% funding bonds. Denomination $1,000. Maturity $1,000 Aug. 1 1929
and Aug. 1 1930.

The above securities are dated A ug. 1 1906. Interest
semi-annual. Certified check for 5 % o f the bon ds bid for,
payable to the Village Treasurer, is required. A ccrued
interest to be paid b y purchaser, who will also be required to
furnish blank bonds free o f charge.
Peabody, Essex County, Mass.— B ond O ffering.— Pro­
posals were asked for u ntil 5 p. m . yesterday (July 13) b y
Elm er M. P oor, T ow n Treasurer, for $150,000 4 % sewer
bonds. D enom ination $1,000. Date July 16 1906. Inter­
est semi-annual. M aturity $5,000 yearly. The legality o f
these bonds has been passed upon b y Messrs. S torey, T horn ­
dike, Palmer & T hayer o f B oston . The result o f this offer­
Equit.Guar.A Tr.Co., Wilin't'n_$35,857 50IN. W . Harris & Co., Chicago. _S35,10S 50 ing was n ot know n to us at the hour o f going to press.
Wilmington Sav. Fund Society 35.542 5 0 IF .D . Lackey &Co., Wilm’t’n. 35,094 50

Penelope Common School District No. 116, Hill County,

N ew Y ork C ity.— B ond O ffering. — Proposals will be re­ Tex.— Bonds Registered.— On June 20 $1,600 5 % 15-20-year
ceived until 2 p .m . July 25 b y Herm an A . M etz, C ity C om p­ (optional) bonds o f this district were registered b y the State
troller, for $12,500,000 4 % gold registered or cou p on cor­ C om ptroller. A u th ority Section 76, Chapter 124, Laws o f
porate stock , as follow s:
1905. Date o f bonds A pril 10 1906.
S10.500.000 i % corporate stock for various municipal purposes, maturing Nov. 1
1936.
500.000 i % corporate stock for rapid transit, maturing Nov. 1 1936. This
makes S46,S16,050 of such bonds issued to date.
500.000 4% corporate stock for water supply, maturing Nov. 1 1925.
1,000,000 4% street and park-opening assessment bonds, maturing Nov. 1 1915.

Perinton and Pittsford Union Free School District No. 13

(P . O. Despatch), Monroe County, N. Y.— Bonds N ot Sold —
Sale Continued. — Bids based on 5 % bonds were received on
July 10 from Geo. M. Hahn o f New Y ork C ity and from the
R ochester Trust & Safe D eposit Co. for the $10,000 bonds
o f this district offered on that d a y. The bonds were n ot
awarded and the district extended the tim e for receiving bids
one week to July 17.
Philadelphia, Neshoba County, Miss.— B ond S ale. — On
July 5 the $15,000 5 % cou pon school bonds described in
V. 82, p. 1338, were awarded to the M erchants’ & Farm ers’.
Bank o f N ew ton at par and accrued interest. A bid o f
$15,007 50 for 6s was also received from S. A . K ean o f
Chicago.

The above bonds are exem pt from all ta x a tion e x cep t for
State purposes. Interest May 1 and N ov . 1.
E ither m oney or a certified check, drawn to the order of
the City C om ptroller, for 2 % o f the par value o f the stock
b id for, must accom pan y proposals.
Chapter 274 of the Laws of 1904, w hich applies to the sale
o f bonds o f the C ity o f New Y o rk , provides that “ all-orn o n e” bids cannot be considered b y the Com ptroller unless
the bidder offering to purchase “ all or n on e” o f the bonds
offered for sale shall also offer to purchase “ all or any p a rt”
thereof.
Plain City School District, Madison County, Ohio.— Bond
Niagara Falls, N. Y .— Bond S ale. — On July 6 the $56,000
4 % 20-year gold registered sewer bonds “ Series C ,” a descrip­ O ffering.— Proposals will be received until 12 m. July 16
tion o f w hich was given in V . 82, p. 1515, were awarded to b y E . H . M alott, Clerk Board o f E du ca tion , for $1,000 4 )^ %
B lodget, M erritt & Co. of B oston at 101.67 and accrued repair bonds. A u th ority S ection 3994 o f the R evised Stat­
interest— a basis o f about 3 .8 8 % . A b id o f 100.40 was also utes. D enom ination $500. Date July 1 1906. Interest
sem i-annually at the Farmers’ National Bank in Plain C ity.
received from W . J. Hayes & Sons o f Cleveland.
North B ay, O nt.— Debentures Not S old . — No award has M aturity $500 July 1 1922 and $500 July 1 1923.
P otsd am , St. Law rence C ounty, N. Y.— Bond S ale .— On
y et been made o f the $10,000 4 }^ % school-debentures d e ­
July 2 the $24,000 5-24-year (serial) lighting-plant bonds
scribed in V . 82, p. 1457.
North Branch, Chisago County, M in n . — Bond S ale. — On described in V. 82, p. 1515, were awarded to N. W . Halsey
July 7 the $4,500 $ % % 20-year bridge-im provem en t bonds & Co. o f New Y ork C ity at par for 3.90 per cents.
Pueblo, Colo.— Bond Issue.— On July 5 the C ity Council
described in V . 82, p. 1398, were awarded to the Union In ­
r>%
vestm ent Co. o f M inneapolis at 103.888 and interest. Bids turned over to the Pueblo W ater C om pany $562,000 4 3
were also received from J. C. Carlson o f Rush C ity; F. E. bonds in paym ent o f the plant o f that com p a n y , made in
Magraw, St. Paul; W ells, D ickey & C o ., M inneapolis; accordance with the v ote taken at the election held May 19
Kane & C o., Minneapolis; and the A m erican Securities Co. 1906. As stated in the “ C hronicle” June 2, page 1285,
$1,000,000 bonds were authorized at the above-m entioned
o f Cedar R apids.
North Versailles School D istrict, A llegheny C ounty, P a .— election, o f which am ount $562,000 was to be delivered to
Bond S ale. — On June 25 the 818,000 4L£% 1-18-year (serial) the water com p an y, the city to assume $468,000 water
coupon building and refunding bonds described in V. 82, com p a n y ’s bon d s, together with the sinking fund o f $30,000
p. 1457, were awarded to Lam precht Bros. & Co. o f Cleve­ on hand, leaving net debt assumed o f $438,000. This debt
is to be retired whenever the old bonds can be purchased
land. Bonds are dated July 2 1906.
with the $438,000 bonds rem aining o f the $1,000,000 bonds
Omaha, D ouglas C ounty, N eb.— Bond O jferin g. — P ropos­ voted at this election. The new securities mature in 1931,
als will be received until 3 p. m. July 24 b y R ob ert O. Fink, subject to call after 10 years.
City Treasurer, for $100,000 4 % cou pon sewer refunding
R acine, Wis.— Bond Sale.— On June 27 $35,000 4% re­
bonds. Denom ination $1,000. Date A ug. 2 1906. In ter­
est sem i-annually at the fiscal agency in New Y ork C ity. funding bonds were awarded to the First National Bam: of
M aturity Aug. 2 1926. A ccrued interest to be paid b y pur­ R acine for $35,170— a basis o f abou t 3 .9 4 % . Denomina ion
chasers. Certified check on a national bank for $5,000, $1,000. Interest payable at the office o f the City Ireasurer.
M aturity $2,000 yearly on July 1 from 1907 to 1921 inclu ivc
payable to the C ity o f Om aha, is required.
and $1,000 yearly on July 1 from 1922 to 1926 inclusive.
Opelousas, L a .— Bond E lection. — An election will be held
R apid City, So. D a k .— Bond O fferin g. — Prop* 1
1
Aug. 14 to vote on the question o f issuing $30,000 sewer
received until 8 p. m. July 30 by A. Iv. Thom as, f ity A uditor,
and 830,000 paving bonds.

116

THE CHRONICLE.

for $40,000 5 % cou pon sanitary-sewer assessment b on ds.
A u th ority , vote o f 202 to 24 at election held July 6. Date
O ct. 1 1906. Interest semi-annual. M aturity tw enty years,
su bject to call after five years.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Departm ent.

[Y ol.

Sheldon, Ransom County, No. Dak.— Bonds

l ih iii.

N ot Yet Sold.

— No sale has y e t been made o f the $3,500 6 % water-works
bonds offered on May 15 but n ot sold.

Shelby County (P. O. Sidney), Ohio.— Bond

O fferin g. —

Proposals will be received until 12 m. July 27 b y J. C. Rosser,
C ounty A u ditor, for $33,000 4 % bridge-bu ildin g bonds.
A uthority Sections 871, 872, 2835 and 4936 o f the R evised
Statutes and am endm ents thereto.
D enom inations: 36
bon ds o f $500 ea ch , 10 bonds o f $400 each, 10 bon d s o f $300
each, 19 bon ds o f $200 each and 42 bon d s o f $100 each.
Date July 1 1906. Interest sem i-annually at the office of
the C ounty Treasurer. M aturity as follow s:

R ock ford , 111.—-Bond O fferin g .— Proposals will be received
until 1:30 p. m. July 28 b y H. C. S covill, C ity Clerk, for
$60,000 4 % perm anent-im provem ent bonds. Securities are
dated after Aug. 1 1906. Interest sem i-annual. M aturity
Aug. 1 1926, su b ject to call after Aug. 1 1916. Certified
Jan. 1
Jan.
Jan. 1 1914;S I,600
check for 2 % o f the am ount b id , payable to the C ity of 51,900 July 1 190S $1,500 July 11 19111 SI.500 July 1 1914) 1,500 July 1 1916
1.700
19081 1,100
1911 1,600
Jan. 1 1917
1,400 Jan. 1 1912 1,400 Jan.
1915 1,100
1 1917
R o ck fo rd , is required. These bon ds were awarded on M ay 14 1,800 Jan. 1 1909: 1,700 July 1 19121 1,200 July 1 1915' 1,500 July 1 1918
1.700 July 1 1909
1
Jan.
to R udolph K ley b olte & Co. o f C incinnati, b u t were subse­
1,400 Jan. 1 1910j 1,400 Jan. 1 1913' 1,500 Jan. 1 1916 1,600 July 1 1918
1.700 July 1 1910: 1,200 July 1 1913 i
I
quently refused b y that firm. See V . 82, p. 1457.
A deposit o f $200 in currency is required w ith each bid .
R oy se In dependen t School D istrict (P . O. R oyse C ity),
South Boston, Halifax County, Va.— Bonds A u th orized . —
R ockw all C ounty, T e x a s .— Bond O ffering .— Proposals will
be received until 2 p. m . July 16 b y E . M. Paulk, Treasurer, This tow n recently authorized the issuance o f $100,000 cou ­
for the $13,000 5 % cou pon school-building bonds men­ pon sewerage, water and street-im provem ent bon ds. Ma­
tioned in V. 82, p. 1458. D enom ination $500. Date June turity th irty-fou r years. Date o f sale n ot y et determ ined.
15 1906. Interest annually on March 1 at the State Treas­
Springfield, Mass.— W ater B o n d s. — On June 19 the City
urer's office or at the A m erican E xchange N ational Bank of Council passed an ordinance accepting and adoptin g Chapter
Dallas. M aturity forty years, su bject to call after five years. 317, Laws o f the 1906 Legislature, w hich A ct authorizes the
Certified check for $500, payable to the Treasurer o f the dis­ city to issue $2,000,000 W estfield L ittle R iver water bon ds
trict, is required. Purchaser to pay accrued interest. at n ot exceeding 4 % interest. Securities are to m ature in
B onded d eb t, this issue. Assessed valuation for 1906, $473,- not more than th irty years. Interest sem i-annual.
000.
Springfield Township, Hamilton County, Ohio.— Bond
R ushville Sch ool D istrict, R ush C ounty, I n d .— Bond O ffering.— Proposals will be received until 12 m. A ug. 10
S a le. — On July 5 $40,000 4 % school-building bonds were b y Herman Duhm e J r., Tow nship Clerk (P . O. W y o m in g ),
awarded at private sale to Breed & Harrison o f Cincinnati for $17,500 4 )4 % highw ay-im provem ent bon ds. A u th ority
for $40,425. The follow in g b id s, all o f w hich were rejected, Section 2835 o f the R evised Statutes. D enom ination $500.
Date A ug. 15 1906. Interest sem i-annually at the C incin­
were received at open sale:
M aturity tw enty years.
Farson, Son & Co., Chicago
a?41,225l J. F. W ild& C o., Indianapolis.$40,127 50 nati Trust Co. in C incinnati.
Breed & Harrison, Cincinnati__ 40,3001
Accrued interest to be paid b y purchaser.
■a Bids said to be'conditional.
Spring Hope, N. C.— Bonds N ot S old. — No sale has yet
D enom ination $500. Date June 19 1906. Interest been made o f the $10,000 6 % 20-year cou pon bonds offered
Jan. 15 and July 15. M aturity from July 15 1907 to Jan. 15 on June 26. See V. 82, p. 1339.
1916 inclusive.
Sweetwater, Monroe County, Tenn.—Bonds V oted . — The
St. Johns, N . B .— Debenture S a le .— On June 28 the six election July 7 resulted in fa v or o f the propositions to isshe
isshes o f 4 % 40-year debentures aggregating $721,000 were the $30,000 cou pon w ater-works bonds and the $10,000
awarded to the Canadian Bank o f Com m erce at 97.50 and cou pon street-im provem ent bonds m ention of w hich was
accrued interest. F or description o f these securities see made in V. 82, p. 1517. The v o te wras 72 to 16 on the
water bonds and 84 to 6 on the street b on ds. Interest not
¥ . 82, p . 1117.
to exceed 5 % . M aturity from tw enty to th irty years.
St. Johns, O re .— Bond Sale N ot Consum m ated .— Owing to Date o f sale not y et decided.
a tech n icality the $10,000 6 % 10-year gold cou pon city-hall
Tamaqua, Schuylkill County, Pa.— Bond E lection.— An
bon d s awarded on May 28 to Morris Bros, o f Portland have
been refused b y that firm. The C ity Council has passed a election will be. held in this borough July 17 to v ote on the
n,ew ordinance correcting the error, and the b on ds, it is question o f issuing $12,000 funding and $12,000 street­
paving 3 )4 % 5-20-year (op tion a l) bonds.
stated, will be re-advertised.
Taunton, Mass.— Bond O ffering.— Proposals w ill be re­
St. Paul, M in n .— Bonds A u th orized .— The Board o f A ider- ceived until 7 p. m. July 16 b y E dw ard H . Tem ple, City
men on July 3 passed an ordinance providin g for the issuance Treasurer, for $30,000 4 % (cou p on or registered) sewer
o f $100,000 F ort Snelling bridge bonds.
bonds. D enom ination, if cou p on , $1,000, and if registered,
Salem, M a ss .— Bond S ale .— On June 29 $16,000 4 % any m ultiple thereof. Date June 1 1906. Interest sem i­
1-8-year (serial) sewer bonds weiA awarded to the Salem annually at som e bank in B oston or at the C ity Treasury in
Five Cents Savings Bank at 100.843 and interest— a basis o f T aunton. M aturity June 1 1936. Purchaser to pay accrued
abou t 3 .8 0 % . Securities are daired M ay 1 1906. Interest interest.
sem i-annual.
Tecumseh, Okla.— B ids Rejected— Bond O ffering. — All bids
San A n ton io, T e x .— Bonds N ot S old .— W e are now advised received on July 2 for the $60,000 5 % 30-year water-w orks
that no bids were received on June 26 for the three issues o f b on d s described in V . 82, p. 1339. were rejected. These
5 % im provem ent district bonds aggregating
$218,000 bonds are now being re-offered and proposals are re­
offered on that day. F or description o f these securities quested until A ug. 8. D enom ination to suit purchaser.
Date July 2 1906. Interest January and July.
see V. 82, p . 1339; also see V. 83, p. 55.
Toledo, Ohio.— Bond O fferin g.— Proposals will be received
Saskatoon School D istrict N o. 13, Sask.— Debenture Sale.
— On July 4 the $30,000 5 % 1-20-year (serial) cou pon sch ool­ until 7:30 p. m. A ug. 1 b y R . G. B acon, C ity A u ditor, for
building debentures described in V. 82, p. 1516, were awarded the $80,000 3 .6 5 % coupon general street-im provem ent
to the National Trust Co. at 102.246 and accrued interest. bon ds, offered but n ot awarded on June 20 (V . 82, p. 1460).
A uthority Section 2701 o f the R evised Statutes. D enom ina­
Follow ing are the bids:
tion $1,000. Date M ay 15 1906. Interest sem i-annually
National Trust Co______________ $30,674|W. C. Brent, Toronto__________ $30,339
J. W . Nay Regina_____________ 30,517 Manufacturers’ Life Insur. Co_____30,155
at the United States M ortgage & Trust Co. in New Y ork C ity.
Northern Bank_______________ _ 30,4251
Wood, Gundy & Co., Toronto___30,133
Seattle, W a sh .— B id s .— L ocal papers state that the fo l­ M aturity May 15 1926. Bonds are exem pt from taxes.
io'wing bids were received on July 7 for the $600,000 coupon Certified check on a T oledo national bank for 5 % , payable
electric light bonds and the $500,000 coupon park bonds to the City of T o le d o , is required. Purchaser to pay accrued
described in V. 82, p p . 1399 and 1459; State o f W ashington, interest.
Troy, N. Y.—B ond S a le. — This city recently awarded the
par for $600,000 20-year light bonds bearing 3 % % annual
interest; N. W . Harris & Co. o f Chicago (whose bid specifies $76,000 public-im provem en t and $125,000 m unicipal-loan
that b oth issues must be awarded or neither one will be ta k en ), 4 % 1-20-year (serial) bonds offered bu t n ot sold on June 25
$603,300 for $600,000 4 )4 % 20-year light bonds and $500,050 (V . 83, p. 57) to W . J. Hayes & Sons o f Cleveland.
fo r $500,000 4 % 20-year park bonds; and E. H . R ollins &
Uniontown, Perry County, Ala.— Bond O fferin g. — P ro­
Sons o f Chicago, $609 139 for $600,0004 H % f2 0 -y e a r light posals will be received until 12 m . July 15 (Sunday) b y
bon ds. The bids were referred to the Finance Com m ittee W . J. V aiden, M ayor, for the $10,000 5 % gold coupon street­
o f the Council.
paving bonds recently authorized b y the C ity Council
Selma, Dallas C ounty, A la .— Bonds N o t Y et S old .— No (V . 82, p. 1460). D enom ination $1,000. Date A ug. 1
award has yet been made o f the $150,000 5 % 3-20-year 1906. Interest sem i-annually at the Planters & M erchants’
(option al) water-works bonds offered b u t n ot sold on May Bank in U niontow n. M aturity th irty years, su bject to call
14 (V . 82, p . 1229). The M ayor has been authorized b y the after tw enty years. Bonds are ta x-exem p t. Certified check
C ity C ouncil to dispose o f these bonds at n ot less than par for $250, payable to the M ayor, is required.
and negotiations to that end are now pending.
Urbana, Champaign County, Ohio.— Bond S a le. — On
Shelby County (P . O. S idney), Ohio — Bond S a le .— On July 10 the $10,000 4 % 8-year cou pon gas-plant-debtJuly 9 the $50,000 4 % 2 )4 -yea r (average) ditch -im p rove­ extension bonds described in V. 82, p. 1400, were awarded
m ent bonds described in V . 82, p. 1459, were awarded to the to the N ational Bank o f Urbana at 101.268 and accrued
P iqua National Bank o f Pi qua at 100,05 and accrued in ­ interest— a basis o f about 3 .8 1 )4 % . The bids were as
terest. Bids were also received from the Shelbjr County follow s:
Building & Loan A ssociation, the Citizens’ National Bank of Nat. Bank ol Urbana, Urbana $10,126 SO l Laraprecht Bros. & Co., Clevel’d$10,041
Weil, R»th & Co., Cincinnati-. 10,073 50 Kleybolte i Co., Cincinnati----- 10,006
Sidney and from the First National Bank o f Sidney.
P. S. Briggs & Co., Cincinnati. 10,055,50]

THE CHRONICLE.

J u l y 14 1906. j

117

Vacaville, Solano County, Cal.— Bond Sale.— On June 26
the $25,000 5 % 1-25-year (serial) gold coupon sewer bonds
described in V. 82, p. 1174, were awarded to R . 1). Robbins
of Suisun City, for $25,259.

1518, were awarded to Weil, Roth & Co. of Cincinnati
for $31,225.
Wetmore School District, Nemaha County, Kan.— Bond
Sale.— This district recently awarded $3,000 5% 1-iO-year
Vail (Iowa) School District.— Bonds Defeated.— The propo­ (serial) school-building bonds to local people. Securities
sition to issue $15,000 high-school-building bonds failed to were voted at election held June 25.
carry at the election held May 25.
White Plains, N. Y . —Bond Offering.— Proposals will be
Venus Independent School District (P. O. Venus), Johnson received until 8 p. m. July 25 by the Board of Trustees for
County, Tex.— Bonds Defeated.— Reports state that a propo­ the following bonds:
§5,000 4% fire-department bonds.

sition to issue $7,500 15-year bonds was recently defeated.
Versailles, Darke County, Ohio.— Bids.— Following are
the bids received on June 19 for the $4,500 4 % 1-9-year
(serial) water-works and electric-light bonds awarded, as
stated last week, to A . C. Cable, Cashier of the Stillwater
Valley Bank of Covington:
StillwatMVaUeyBk..Covington.$4,515 00 J. B . Weits, (Bond No. 2 _____
Citizens' Bank. Versailles_____ 4,506 151 Covington!Bond No. 3 ______

Denomination 8500.
annual.

Date June 1 1906.

S515 00
520 00

Interest semi­

Walnut Grove School District, Iowa.— Bond Sale.— On
July 2 $500 6 % 5-year school-building bonds were awarded
to A . D. French at 101 and blank bonds. A bid of par and
blank bonds was also received from Geo. M. Bechtel & Co. of
Davenport.
Denomination $100. Date Aug. 1 1906.
Washington Township (P. O. Eaton), Preble County, Ohio.
— Bond Sale.— On June 30 the $8,000 4 % 8J^-year (average)
coupon cemetery bonds described in V . 82, p. 1460, were
awarded to S. J. Bruger at 102.50 and accrued interest— a
basis of about 3 .6 3 7 % . There were no other bidders.

Welcome School ,District, Martin County, Minn.— Bond
Sale.— This district recently awarded the $11,000 4 % school­
building bonds voted on March 27 (V. 82, p. 889), to the
State of Minnesota.
Westerville, Franklin County, Ohio.— Bond Sale.— On
June 29 the three issues of 4J ^ % 5% -year (average) coupon
assessment bonds aggregating $30,000 and described in
V. S2, p. 1287, were awarded to the New First National Bank
of Columbus for $30,195— a basis of about 4.37%.
West Point, Miss.— Bond Sale.— On July 10 the $30,000
5 % 30-year school-building bonds described in V. 82, p.

NEW

4% refunding Railroad Avenue paving bonds
4% refunding bond.
4% refunding sewer bonds.
4'.;, refunding water bond.
4% sewer bonds.

Denomination $1,000. Interest semi-annual. Maturity
Oct. 1 1936. Certified check on a State or national bank or
trust company for 5% of the amount bid required. John J.
Brown is President of the Board of Trustees, and Peter
Paulding, Clerk.
Whitman County (Wash.) School District No. 159.— Bond
Sale.—This district on July 2 awarded $25,000 15-20-year
(optional) bonds to Morris Bros, of Portland at 102.10 for
! 5 per cents. This is on a basis of about 4.80% to the op­
tional date and 4.835% to full maturity. There were no
other bidders. Denomination $1,000.
Wilkes-Barre School District, Pa.—Bond Offering.— Pro­
posals will be received until 10 a. m. July 19 by the Secretary
of the School Board for $100,000 4% coupon school-building
bonds. Denomination $500. Date July 1 1906. Interest
semi-annually at the office of the Treasurer of the district.
Maturity $5,000 yearly from 1911 to 1918 inclusive and
$10,000 yearly from 1919 to 1924 inclusive.
Willmar, Kandiyohi County, Minn.— Bond Offering Post­
poned.— We are advised that the sale of the $5,000 5% im­
provement bonds described in V. 83, p. 58, which was to
have taken place on July 9, has been postponed until July 16.
Wilmont, Nobles County, Minn.—-Bond Offering.— Pro­
posals will be received until 8 p. m. July 25 by the Village
Council for $7,000 5% water-works bonds. Authority elec­
tion held June 26 1906. Denomination $1,000, except one
bond for $2,000. Interest semi-annual. Maturity $1,000

N E W LOANS.

N E W LOANS.

LOANS.

^ 3 0 ,0 0 0

CITY

3.000
1 000
0,000
1.000
30,000

# 3 0 0 ,0 0 0

# 5 0 0 ,0 0 0

OF YONKERS ESSEX COUNTY, N. J., School District of Winnipeg

SCHOOL BONDS.
ISSUED TO TH E BOARD OF EDUCATION.
Sealed proposals are invited for $30,000 Four Per
C'-eat Registered Bonds, interest payable April and
October 1.
These bonds are issued in conformity with the pro­
visions of Chapter 54.3 of the Raws of 1899.
und oi resolutions passed by the Common Council
July 2, 1906. The bonds will be dated and will mature
as follows:
Dated.
Mature.
$10,000, July 10, 1906.......... ......................... April 1 1933
$10,000, July 10.1 9 0 6 .--............................. April 1 1934
§10,000, July 10.1906___________________ April 1, 1935
The necessary papers to establish the legality of
this issue will be furnished immediately to the success­
ful bidder,
who will be expected to take up
the bonds on Aug. 1, 1906, which must be
paid for, including accrued interest to date of
delivery, by certified check to the order of the
Treasurer of the Board of Education, Yonkers,
N. Y .
Proposals must be accompanied by a certified
check for five per cent of the amount bid for, to the
order of the Treasurer, as above, and endorsed “ ProoosaLs for School Bonds,” and addressed to J. H
ctaxton. Secretary of the Board of Education
A onkers, N . Y .
The right is reserved to reject any or all bids which
will be opened in the Board Room, High ’ School
Building, Wednesday, July 25, 1906, at 8 o’clock
p. m.
ROBERT G . JACKSON
RUDOLPH EICKEMEYER Jr..
SAMUEL M. STEVENSON,
Committee on Finance.

P e rry f Coffin & B u rr,

I N V E S T M E N T BONDS.
60 State Street,

Issued under authority of Chap. L X .. Laws of 1905.
The Board of Chosen Freeholders of the County of
Essex. New Jersey, invites proposals for the purchase
of 8500.000 Essex County Bonds, in denomination
of $1.000 each, interest ooupons at 4 per cent per annum
payable February 1 and August 1. principal and inter­
est payable in gold. Bonds payable August 1, 1946.
The Bonds will bear interest from August 1, 1906.
and the purchaser must pay Interest accrued to date of
deliver^'.
Sealed proposals will be received by the Finance
Committee of the Board of Chosen Freeholders, at a
meeting to be held by said Committee, at the Freehold­
ers’ room in the Court House, at Newark, N . J. on
“
Wednesday July 25, 1906, at 2 o'clock p. m., which
meeting will remain open for the reception of proposals
until 2:30 p. m. Each proposal shall state the amount
of bid in words and figures, and must be accompanied
by a certified check for $5,000. which will be applicable
on account of purchase money of bonds, and forfeited
by successful bidder who afterwards fails to take the
bonds. Copies of proceedings will be furnished to
successful bidders, but proposals must be unconditional.
The Finance Committee reserves the right to reject
any and all proposals, if, in its judgment, the interest
of the County requires such action.
The bonds will be ready for delivery on August 1
1906.
By order of
FINANCE COMMITTEE.
AMOS. W . HARRISON. Chairmaa

Specialists in New Jersev Securities.

e is e l e

& Ki n g ,

Sealed tenders addressed to the Secretary-Treasurer
of the Winnipeg Public School Board, and marked
“ Tender for School Debentures,” will be received up to
12 o'clock noon on Tuesday 24th of July, 1906, for the
purchase of debentures of the School District of Winni­
peg Number One, payable at the expiration of thirtyfive years, with interest from the first of August, 1906,
at the rate of four per centum per annum.
Principal and interest payable at the office of the
Winnipeg Public School Board or at any Chartered
Bank in Winnipeg.
Delivery to be made and money to be paid at Winni­
peg.
Payment to be made fa gold or its equivalent.
The highest or any tender not necessarily accepted.
Any information desired may be obtained by address
ng the Secretary-Treasurer.
STEW ART MULVEY,
Secretary-Treasurer.
Winnipeg Public School Board
or
F .C . HUBBARD,
Chairman of Finance Committee.

M U N IC IP A L
AND

Public Service (Jorporation
BONDS.
E. H. R O L L I N S & S O N S .

BANKERS,
Members o f New York and Philadelphia
Stock Exchanges.
Private Wires to
N. Y. A Philadelphia.

Denver.

BOSTO N.

Chicago.

San Francisco.

7 5 7 - 7 5 9 B r o a d St.,
NEWARK.

MacDonald, McCoy < Co,,
fe

F. R. FU LTO N & CO.,

BOSTON.

Mu nicipal Bonds.

MUNICIPAL

AND

CORPORATION

4 0 9 V i'a ln n t Street,
C I N C I N N A T I , O.

s

And other Hi<rh-Grade
Investment Securities.
Full descriptions showing price and income
on application.

181 LA SALLE STREET.

BONDS.

CHICAGO.

181 La Salle Street, Chicago.

HIGH GRADE B O N D S

Albert Kleybolte & Co.,
Carefully Selected
MUNICIPAL
b o n d

Debentures for Sale.

BONDS

Trowbridge & Niver Co.

L ists u p o n request.

Denison & Farnsworth,
HOSTON and C L E V E L A N D .

MUNICIPAL AND PUBLIC SERVICE

BONDS.
CHICAGO,
l it Nat. Bank Bldg.

BOSTON,
60 State Street

(T ol. lxxxiit.

THE CHRONICLE.

118

yearly beginning fourteen years from date, the $2,000 bond
Yonkers School District, N. Y.— B ond O ffering.— Pro­
being paid last.
posals w ill be received u ntil 8 p. m. July[25 b y J. H . C laxton,
Winona, Minn.— B ond S a le. — On July 9 $5,000 4 % park Secretary Board of E du cation , for $30,000 4 % registered
bonds were awarded to R egina Schm idt at 102 and interest—
a basis o f about 3 .8 5 6 % . Securities are part o f an issue o f
$10,000, o f w hich the rem aining $5,000 will be taken b y a
local investor at a prem ium . D enom ination $1,000. Date
July 1 1906. Interest sem i-annual. M aturity tw enty years.
Winthrop, Mass.— D ecision in W a ter-W ork s C ase.— The
“ Banker & Tradesm an” o f B oston in its issue o f June 30
gives in full the opinion o f Judge Braley in the Supreme
Judicial Court, rendered June 21, holding that the offer of
the R evere W ater Co. to sell, made after the passage o f the
statute o f 1905, Chapter 477, and the acceptance o f the A ct
by the tow n on July 19 1905, and also o f the offer at a tow n
m eeting held N ov. 23 1905, after its rejection at a m eeting
held Sept. 25 1905, resulted in con tract o f sale o f the proper­
ty. The decision leaves the question o f com pensation to
be determ ined according to the provisions o f the A ct. The
deed given b y the water com p an y under an arrangement
previously made with the selectm en and accepted b y the
latter on March 16 1905 was ordered to be canceled, the voters
having on June 8 1905 refused to ratify their a ction .— V. 80,
p . 1738.

bonds. A uthority Chapter 543, Laws o f 1899, and resolu­
tions passed byjthe.C om m on C ouncil on July 2 1906. Securi­
ties are dated July 10 1906 and will m a tu re ^ 10,000 yearly
on A pril 1 from 1933 to 1935 inclusive. •Interest sem i­
annually on A pril 1 and O ct. 1. ■Certified check for 5 % of
the’ am ount o f bon dsjD idL or^payableT o'th ejT reasu rer'oR th e
Board o f E du cation , required. Bonds will be_' delivered
Aug. 1. A ccrued interest^to^be paid b y "purchaser, j ^ ^ j
H^The official notice of this bond offering will b e jo u n d among
the advertisements elsewhere'in th is'D epartm en t. C'i
,*

PL Y ork School D istrict, ) Y ork C ounty, P a .— B ond S ale.—
The $75,000 3 .6 5 % bon ds offered w ith ou t success on June 14
(V . 82, p. 1401) were awarded on June 30 to R u d olph K le y ­
b olte & C o .io f New Y ork _C ity at par.
•
IK.Youngstown, O h io .— A m ou n t of Bonds Awarded R educed .—
W e are inform ed that the am ou n t o f the seven issues o f bonds
awarded on June 25, as stated in V . 83,"p. 58, to W . J. Hayes
& Sons o f Cleveland, has been red u ced ?from $19,050, the
am ount originally advertised, to $14,230. The price paid
was $14,433 95 and interest.
B ond O ffering .— Proposals will be received until 2 p / m .
Aug. 6 b y W m . I. D avies, C ity A u d itor, for the follow ing
bonds:
• m m -.
•
•
•
-i •

Wood County (P. O. Bowling Green),rOhio.— B ond S ale. —
On July 9 the $50,000 5 % cou pon h ighw ay-im provem ent
bon d s described in V. 82, p. 1518, were awarded to L am precht Bros. & Co. o f Cleveland at 102.115 and accrued
interest. F ollow ing are the bids:
Lamprecht Bros. & Co., Cleve_$51,057
Sec. Savs. Bk. & Tr. Co., T ol. 51,026
Otis & Hougli, Cleveland____ 50,933
Exchange Bank, Bowling Gr’n 50,913
Weil, Roth & Co., Cincinnati. 50,909

7 5 '"
Hayden, Miller & Co., Cleve..$50,845
00 New 1st Nat. Bk., Columbus-. 50,790
75 Rudolph Kleybolte & Co., Cin. 50,765
00 W . J. Hayes & Sons, Cleve— 50,668
00

$17,000 5% street-improvement (city’s portion) bonds. ' Maturity $l,700Jyearly
on Oct. 1 trom 1908 to 1917 inclusive.
..........................................
4,865 5% sidewalk-construction bonds. Maturity $973 yearly on Oct. 1 from
1907 to 1911 inclusive.
►•
•
................*
8,700 5% Market Street paving bonds. Maturity $1,740 yearly on Oct. 1 from
1908 to 1912 inclusive.
•
................ .... 9,350 5% Chalmers Avenue paving bonds. Maturity S935 yearly on Oct. 1 from
1908 to 1917 inclusive.
.................................

00
00
00
00

Worcester, Mass.— Bond

The above bonds are dated A ug. 13 1906. Interest sem i­
S ale. — On June 28 $20,000
sewer bon ds were awarded to the Commissioners o f annually at the City Treasurer’s office. Bids m ust be’ made
the Sinking Fund at par. Interest A pril and O ctober at for each block of bonds separately and m ust be accom panied
the M erchants’ N ational Bank in B oston. M aturity April 1 b y a certified check on a national bank for 2 % of the bon d s,
1936.
payable to the C ity A uditor. Purchasers m ust be prepared
T em porary L o a n .— A loan o f $50,000 was recently nego­ to take the bonds n ot later than A ug. 13, the m oney to be
tiated with the State Mutual L ife Insurance Co. at 4 .2 5 % delivered at one of the banks in Y oun gstow n or at the office
of the City Treasurer.
discount. Loan matures O ct. 15 1906.

N E W LOANS.

IN V E S T M E N T S .

ACCOUNTANTS.

§ 4 0 ,0 0 0

H. W. NOBLE & COMPANY,

LYBRAND,
ROSS B R O S &
MONTGOMERY

RAPID CITY, SO, DAK,
SEWER BONDS.
Sealed bids will be received by the undersigned,
to 8 o’clock p. m. July 30th, 1906, for $40,000 Sanitary
Sewer bonds, or such part thereof as may be required,
said bonds to be coupon bonds, draw interest at 5%
per annum, payable semi-annually, and to run twenty
years, optional after five years. Said bonds will be
issued under the assessment plan and will be redeemed
serially.
Said bonds will be dated October 1st, 1906.
The city reserves the right to reject any or all bids.
A. K . THOMAS,
City Auditor.
Rapid City, S. D.

E R V IN

k

D e t r o it .
N ew Y ork,

COMPANY,

AN D

BONDS*

R. La D A Y

FOR

4S Exchange Place,
New York.

IN V E S T M E N T .

N E W YO R E A N D BOSTON
STOCK E X C H A N G E S.

BANKERS,

DEAN,

C E R T IF IE D P U B L IC ACCOUNTANTS
W all Street Exchange Bldg.,

-

N E W Y O R K ,.

Telephone 4156 Broad.

LOOMIS, C0NANT& 00.

S T A T E , M U N IC IP A L A N D H I G H G R A D E

C E R T IF IE D P U B L IC A C C O U N T A N T S

R A I L R O A D S E C U R IT I E S ,

3 0 B r o a d S tree t N e w Y o r k .

M o b ile C ity Bond s
A la b a m a State Bonds
D e a lt in by u s.

Tel, 4958 Broad.

JAMES PARK & 00.,
CERTIFIED PUBLIC ACCOUNTANT8
5 ‘i B r o a d w a y , New Y o r k ,
1 8 9 L a S a lle S tr e e t, C hicago.

W ir e us y o u r O ffering.

16 Congress Street, Boston.
3*S S A 8 S A IJ S T R E E T , N E W Y O R K .

CITY & R A IL R O A D

B.

Successor to ARCHER 6 DEAN

4 1 - 4 3 W a l l S t.,

Drexel Building,
Philadelphia,

Blodget, M erritt 6c Co ,
STATE

3 Nassau Street,
NEW YORK.

M EM BERS

JNew York Stock Exchange,
em e r s } Philadelphia Stock Exchange,

Stephen G ir a r d B u ild in g ,
P H IL A D E L P H IA .
W a l l S tr e e t E xch an go B uilding,
NEW Y O R K .

J CO., T H O M A S
b

BANKERS,
85 Congress Street,
BOSTON.

Certified Public Accountants
(P en n sylv an ia )

P U B L IC S E R V IC E C O R P O R A T IO N

BANKERS,

350NTDS

P h iladelph ia .

M U N IC IP A L

MACARTNEY & SCHLEY
BANKERS

ft

BROKERS

Whiting Papers

M ODULE, A L A .

TOND8.

M U N IC IP A L AND R A ILR O A D

BONOS.

H. C. Speer 6c Sons Co
First ivat. Rank Building, Chicago.
C IT Y C O U N T Y
AND T O W N S H IP

Em ery

BONOS,

Anderson &

Co.,

- p e c i& lls t s i n

M U N IC IP A L B O N D S.

Garfield Building,

CLEVELAND.

L IST ON A PPL IC AT IO N .

SEASONGGOB & MATER
M e rc a n tile L ib r a r y B u ild ln s ,
C IN C IN N A T I.

BONDS

STO CK

CERTIFICATES

Engraved on steel or lithographed, or
partly printed and partly lithographed.
Book of 100 certificates, steel-plate
border, and seal press, $15: cheaper
styles as low as $2 50 for a book of 50.

ALBERT B. KING & CO., «06 Broadway, N .Y.

For Fine Correspondence
and for General Business Uses are
standard, made in Ledger, Bond,
Linen and Fine Writing in variety.

W H IT IN G

PAPER

CO.,

New York. Philadelphia. Chicago.
M ills t H o ly o k e , M a s s .