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financial
romcle
INCLUDING
Bank and Quotation Section
and City Section (seini-Amraaiiy)
Street Railway Section ('""yCJi™ 05 )
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered aooordlng to Act of Congress,
A
In the
weekly newspaper entered at Post
VOL.
k. Daha Company, in the ollioe of Librarian of Confess, Washington,
York, as second-cliss uiniter— William B. Dana Companv, Publishers, 76^ Pine St., N. T.
year 1905, by William
New
Office.
SATURDAY, JULY
81.
15,
£hc Chronicle.
U.
NO. 2090.
1905.
II
Clearings at
I).
eek
ending July 8
—
1905.
1004.
Inc. ur
1903.
Dec.
1902.
PUBLISHED WEEKLY.
Tjrms
Subscription— Payable in Advance
ol
For One Year
For Six Months
fnropean Subscription (Including postage)
uropean Subscription Six Months (including postage)
Annual Subscription in London (including postage)
6ix Months Subscription in London (inoluding postage)
$10 00
6 00
13 00
60
7
£2
£1
14s.
lis.
—
Subscription includes following Sections
State and Citv (semi-annually)
Baxk and Quotation (monthly)
Bail way and Industrial (quarterly) street Railway (3 times yearly)
Boston
Providence
Hartford
156.738.700
0,950,700
8.&S2 339
2.573.94b
2,313,085
1,798,005
1.676.825
731,604
429.816
493,874
521,467
New HavenSpringfield
Worcester
Portland
Fall River
Lowell
New Bedford
Holyoke
Total
I
New Kim land.
178,110,649
116,353.929
6.159,800
3.218,872
2,800,751
1.544,325
1,230,491
1.568.312
759,013
414.517
883,087
501.051
+347
--34 7
• -20 6
--11-0
--19 8
--16-2
+0-9
-3-6
140.010,645
0.052,000
8.432.312
2.233.463
2.028.316
1,811.190
1,857.699
788.304
550.699
564.044
685.510
+37
+28
9
—11-8
133,530,088 +33-4
143,821.523
0,0-40,600
3.103,221
2,178,040
1.820,256
1.040.120
1,800.320
805,730
644,770
698.976
614.021
161.213.012
163.044.502
172.792.119
22.475,750
14,738,607
11,633,681
7,808,426
8,595.786
4,875.500
2,690.038
2,688.531
2,072,242
1,878.904
1,048,213
076.200
605,432
645,834
648.570
654,477
600.310
881.201
447.526
341,938
412,448
382.290
192.673
251.367
192,933
101.754
189,807.197
23.385,600
18.318.202
10.134.606
6,666.079
6.265,319
4,148,400
2.641,159
|
Terms
oi
Advertising
1
—Per
Chicago
Inch Space
Cincinnati
Cleveland
Transient matter per inch space (14 agate lines)
Two Months
Months
Twelve Months
Six
I
$4
22
29
50
87
(8 times)
Three Months
(13 times)
(20 times)
(52 times)
CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Blook.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
WILLI! U
DANA COMPANY,
It.
Pine Street, Corner
fost
ol
20
Detroit
UO
00
Milwaukee
00
00
C.
—lieturns uy 'lelegraplu
Orleans
Seven cities, 5 days.
Other cities, 5 days
5 days....
All cities, 1 day
Total
The
all cities
+3U-5
+U-5
$1,738,561,821
375.452.012
+27-2
+21-3
$2,656,258,706
Louis....
all cities,
$1,463,544,830
275,016,491
$2,210,635,347
455,623,419
Baltimore
Chicago
Total
+36-5
+17-8
+21-4
+22-6
+9-8
+3-3
+59-7
$1,909,146,373
301,488,974
Philadelphia,
St.
1904.
$1,044,607,896
106,721.302
89,241,547
17,757,523
149,217,352
45.387,282
10.711.928
$2,114,014,233
+25-6
15.
Boston
New
,
1905.
York.
for week..
Lexington
Canton.
Rockford
O
Bloomington
Quinoy
$1,425,444,403
125.675,114
108,309,526
21,768,398
163,910.996
46,866,137
17,111,800
Week Ending July
New
P. Cent
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.
full details for the
Ann Arbor
Port
Wayne
Total Mid. Western
San Francisco
Los Angeles
Seattle
Salt Lake City
Portland.
Spokane
Tacoma.
Helena
Pargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
St.
St.
Paul
Joseph
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita.
Colorado Springs...
Cedar Rapids
Premont
Pueblo
Total other West'rn
St. .Louis
Birmingham
24 l per cent.
Knoxvfile
Augusta
Week ending July
Clearings
1906
New York
Philadelphia
Pittsburgh.
Baltimore ........
Buffalo
Washington.
Albany
Rochester
Bcranton
Syracuse
Wllminjrton
Reading
Wukes
Barre_...
Whee.lng_
Bingham ton
Greeneburg
Chester
Erie
Franklin Pa
Total Middle..
1904.
Inc. or
Dec.
Little Rock.
Charleston
8.
1902
1003.
.699.680,140 1,075.437.256
120,803.473
90.592,617
4i.-v51.509
88.334,120
21,719,922 .266
6.914,931
6,281,835
5.235.14 4
4.223.773
4.048. Ov4
4,677,092
4.495610
8.003.545
1.6-1
1,816,456
1,921,31';
1.865.204
1,191,004
964,140
1.245,460
1,1/21.865
1,067.657
1.002.615
652.470
719,788
436.200
668,048
525.012
47.-j.17U
477,412
Macon
Chattanooga
Jacksonville
$
+*60
--10-0
--27-4
--244
--10
1
--280
--181
-W7
--10-9
--407
•-23-
1.3U.O58.085
lsuwo.ou
47.42:1.4:1;
26.(>
6.91
4,621.11')
B6e.068.40t
103.611,077
168.808
Columbus, Ga
Mobile
Total Southern
81,(1
4.7.
2.711. 244
1 7
4.21
1.5.
8,1
1.4
1.41
1,3.
1,1
Montreal
Toronto
Winnipeg
Ilulllux
1,'-'
a,
I
'
-14t)
-9
1
721.120
\
uin'ouver
Hamilton
-c John
+300
827 518
224 610
l
260
7
13.556
London
+54
Victoria
loiul Canada
—1-3
5
100.30'
m
+15-7
+186
4-28-3
+7"8
+33-1
+ 10-3
+29
+6-4
+50-8
+9
9
+ 110
+ 108-6
+6-9
-17-4
—13-3
+0-8
-
-16-5
-
--47 4
-
-25-8
-84
--07*9
--27 3
+42
+405
Not include d in to
Not include d Into
2.60.S.657
1.900,844
1,466,026
1,166.437
708,000
660.891
793.709
620.060
667,138
445,717
887.063
889,501
337,625
283,768
830,905
231,330
204,697
182.988
67,683
tal.
tal.
263,385,307
288,679,716
+108
261,737,819
274,488.732
30,397,604
10,145,464
5,392,647
4,241.197
4,454,643
2,798.108
2,793,196
805,000
520,325
328.964
26,614,654
6,028,239
4.196.726
2,499,730
2,950.607
2,300,580
1.600.705
559.209
430,84*
277.985
+14-2
--088
27.005.778
0.268.844
4.303,395
2,840,634
3,330.902
2,854.832
1,730.168
604,270
434.463
407.037
28.624,669
6,610.976
4.221.207
8,383,253
8.165.270
2.016.016
1.100.054
661.605
640.706
231,253
61,877,043
47.405.343
50,136.623
20,660.025
12,806.930
8,249,236
8,169,588
4,204.519
5.369,791
2,660.000
1,447.906
369,549
1,223,265
1,023,327
750,000
500.741
270,635
415.000
13,602.490
11,638,099
6,860,822
20,809,678
14.517.794
8,447,015
6,782.507
6,231.652
4,794.666
2.618.724
1,853,671
1,223.540
1,047.527
612.218
602,105
49,303.678
20.608.550
12,180.857
6.164 428
6,220.970
6,483.984
6.327,378
2,204.958
1,662,014
1,307.320
080,080
407.806
626.000
146,482
181,666
67.701.408
49,895,850
19,610,818
12,388,096
5,141,614
4.340,500
5.994.004
4.083,848
4.409.308
3.041.196
8.260.102
1.818,900
1,990,902
1,517,014
1,191,753
2.094.808
1,147,867
1,205.299
615.804
060,000
--28-5
--69-7
--5C0
--21 -6
--74-6
--41-0
-
-19V
--18'3
+30-2
+51-0
4-io-o
+20 2
-
6.63:},307
+4'
3.786.800
8,573,111
2,200.000
1,085,007
815.015
-t-10 9
-I-50-3
L024.534
818,600
545.445
393,563
139,044
4-20-5
4-33-8
— 34-~
+I9'4
-250
--376
-
--28-7
- -94-6
Not Include d In 10
tal.
62.017.210
+30-1
68,077,479
62.02L677
46.641.060
11,361.250
+7-2
+727
10,381 .718
-
-1B0
4,200.000
-
-22 4
49.801,434
22,826,438
10,638,413
6.308.699
2.682.600
4,804,010
8.610,126
8,351,937
2.784 .872
2,750.860
1.471.872
1,691.415
1,328.801
1,096,310
684,548
923.882
1,098,814
793,000
760,967
680.000
400,167
61.729.001
11,100,521
10.231.964
6.240.563
2.195.500
4,441.677
8.462.461
2.652,478
8,328.968
1,870.916
8.099.61X1 --40-0
4.960.770 --20-8
2.288.178 --82-8
3,466.185 --272
2.375.258 --23-6
2.784,932 --17-1
+6-7
1.705.0O0
1,284.333 +650
4-50
950.147
+34
1.162.437
973,280 4-1152
585.480 +960
—0-4
1,209.792
368.927 +800
800,000 -18-8
798.595 +438
1,148,444
—6
224.009
211.629
1,372.948 Not Include d In to
+24 6
101.028,801
125.792.256
1.82.'i.801.813
748,807.557
L420.7U1
1,61060*
1,010.611
738.996
668.863
791.690
73-1.000
660.000
390,077
tal.
117,482,400
10-4.050,605
+44-1 9.193JM6.740 2.883.093. K.'I6
607.025.534
+24-1
682.798.755
+36
6
27,831,677
20,380,267
24.7Hl,V<53
16,018
+ 188
7,802,783
2.510,759
8,261.088
6.0-15,44(1
2.441 .211
25.550.680
18,284,042
4-37 2
-4
:;t,
8,116.178
1.874,0611
-|:;l -
1,809,998
1,866,906
084,181
4-on
8.91
9
40 >
1,807
21.87
4-e-e
1,82
2.1:
411
158,160 218
23.508,900
14,943,978
9,688.140
6.730.509
6.010,353
4.135,300
2.861,617
2,108,810
1,957,209
1,588,914
1,015.809
473,400
751,519
523.105
051,340
690,181
474.209
414,488
864,494
282.604
337,441
247.454
188,501
219,571
190,672
Canada—
+ 185
4-161
410,628
410.886
424,393
331.766
316.248
279,230
205,000
141,058
975,202
413,421
2.028,531.160
Total all
Outside New York.. 928,84^,026
8.1-7
--21 9
+55
1
,
South Bend
New Orleans
below our usual detailed figures for the previous Louisville.....'
Houston
week, covering the returns for the period ending with Satur- Galveston
day noon, July 8, and the results for the corresponding Richmond..
Sa van nah
week in 1904, 1903 and 1902 axe also given. Contrasted with Memphis
Atlanta
the week of 1904 the total for the whole country shows a gain Nashville
of 44'1 per cent.
Outside of New York the increase over 1904 Norfolk
Port Worth
-
,
Decatur.
Mansfield
Jacksonville
Jackson.
We present
is
620,500
634.627
1,092,768
696,332
670,298
411.098
455.147
Ill
Youngstown
Kalamazoo
Springfield,
telegraph, etc. indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, July 15, hare
been $2,656,258,766, against $2,628,531,166 last week and
$2,114,014,233 the corresponding week last year.
Clearings
1,670,831
1,531.017
Akron.
Pearl Street,
made up by
Peoria
Sprlugfleld.
NEW YORK.
table,
Columbus.
Toledo
Evansvllle
CLEARING ROUSE RETURNS.
The following
Indianapolis.
Grand Rapids
Dayton
Publishers,
Box 948.
Office
173,402,790
24,248,600
16.050,950
11,213,163
7,644,323
7,713.683
4,458,300
3,809.139
2,582,025
2,013,008
'
-61
5.960
1.07
1
l.M
1
1
1»»
THE CHRONICLE.
178
destruction
OHIOAGO STOOK MARKET.
action
[Vol.
But if the Government
be the method of treating the
their purpose.
is
Libau
at
Lxnz^b
to
is
Our record of the transactions on the Chicago Stock revolt, it would seem as if it would not be long before
Exchange for the week and year, which is now a all classes would be cemented, by such cruelty and
regular feature of the Chronicle, will be found to- day inhumanity, into a solid army, intent on ridding them*
on page 202.
selves at
THE FIN AN 01 AL SITUATION.
whatever cost
The Government
of
such merciless rulers.
of July
first
condition
report for
wheat, corn, oats, etc., issued July 11, indicates a good
and indeed of
promise for large yields of all these grains. According
many weeks, has been the announcement that
to our usual analysis of the Government figures, the indiM. Muravieff has resigned as chief Eussian Plenipotentiary
cated yield this year of winter wheat is 393,000,000 bushand that M. Witte has been appointed to fill the posiels and of spring wheat 305,000,000 bushels, or a total of
It was feared by those who were looking forward
tion.
698,000,000 bushels, against a total of 660,000,000 bushels
to
a full and satisfactory settlement of the war
spring and winter according to the corresponding figures in
issues between Russia and Japan, as the outcome
The most
congress
the
of
of the week,
inspiring event
M. Muravieff was
held
be
to
August,
that
and
the place,
for
unfitted
in
held
such pronounced opinions that his appointment would
1904.
Of course
the outlook at this date
better than the
of that fact
final
was had
in 1901,
is
often materially
A striking
outcome.
when
the
illustration
of wheat,
crop
spring and winter, proved to be only 552,399,000 bushendanger the success of the negotiation. On the other
els, or 108 million
bushels less than the first of July
hand, M. Witte is known the world over as a broad and
and will come to Washington, promise; that was an unusual variance, due to abnor-
liberal-minded statesman,
not as the tool
of any one, but as Plenipotentiary with
mally low temperatures and cold rains in
1901 subserelating to the wheat
what quent to July 1. One other fact
supply this year contained in this week's report is that
he believes to be Russia's real interests, present and
the holdings July 1 1905 in farmers' hands of last year's
future.
crop was only 24,257,000 bushels, against 36,630,000
bushels at same date in 1904; including visible supply,
Another event of more or less significance was
by the the left-over amount of wheat was 38,545,000 bushels
on Saturday afternoon, July
full
the
At
powers.
the
same time he
will look out for
surrender
8,
mutineers of the rebel ship Kniaz Potemkin
manian
authorities at Kustenzi.
The
to the
Roumanian
the
agreeing
authorities
July 1 1905, against 50,685,000 July 1 1904.
The corn-crop
condition the rebel
crew exacted was that they should be treated as
ers,
Rou-
desert-
to
con-
made
figures
public in
the
current
week's report, compared with the same date a year ago,
disclose
even a more favorable exhibit than the wheat
them to any frontier they elected and lib- estimates. It should be remembered, however, that corn
still to go
through the possibility of much more
there.
The next
day the Potemkin has
erate them
was delivered to Admiral Kruger's squadron, which severe trials before maturity than wheat. Drought or
vey
brought a crew for the Potemkin, intending
it
with
however, that the Potemkin
It seems,
that evening.
to sail
an early
may
frost
cut the yield of corn far short of the
of July promise.
first
Notwithstanding
that,
is
it
a
did not sail as expected, the mutineers before leaving
highly satisfactory fact, because truly encouraging, that
the ship having opened the seacocks, flooded the hold
according
the
to
Agricultural
Department's
figures
and sunk the ship. The hope expressed wa3 that the the outlook on July 1 1905 promised, on a planta corn yield of about
ing of 94,011,000 acres,
ship would be floated in time to leave for Savastopol
The
July 12.
was
cable has since reported that this hope
far
realized.
The Associated Press account
plained
it
of the surrender ex-
by stating that the mutineers
lost faith be-
became evident that no other vessel would join
mutiny. That statement would seem to establish
in the
that the revolt in Russia was in an utterly headless concause
it
dition, those foremost in
of success.
No
it
having very
confidence
little
hope for a more
of help than the Potem-
people in revolt could
opportune or encouraging offer
bushels
2,625,000,000
as
the
—a
record-breaking outlook
estimates are used
July
One circumstance must be
recalled
so
comparison.
for
— because
it is
unique
and in a sense it is an exception to the previous general
which is that the 1900 Census report gave
conclusion
—
the corn crop in 1899, the
bushels on a
at 2,666,440,273
planting of 94,916,911 acres.
quite a remarkable
far as
Census year,
acreage
and indeed noteworthy
concerned the figures as
is
Department
the Agricultural
for
It
fact
is
also
that so
now given by
July 1 1905 (94,011,the acreage of the
kin mutiny presented. Here was thrust into the very heart
000 acres) are almost exactly
of the insurrection a most forceful and fitting agency
Census year (94,916,911 acres) previously given furthermore, the promised corn crop as estimated July 1
about which
to crystallize
effort
enabling the people to
get into shape for effective and energetic action; yet
aroused no enthusiasm, although the state of
it
affairs at
like
;
1905 in the Agricultural Department report just issueu
is
almost identical, as will be noticed, with the Census
Odessa was one of extreme peril, and Russia was utterly crop in 1899, the Census year.
demoralized by the occurrence, ready to dismantle every
Sea navy. The truth probably is that the
body of insurgents is not a homogeneous body, either in
ship in the Black
The general
disposition in the iron
and
steel trades
is to think that a turn is about to occur in the condition
purpose or character; that the majority or more influential of the market that is, that after the lull recently exparty are not nihilists or actual revolutionists; they can perienced the iron and steel trade is again to enter
die, be shot down by Cossacks, but cannot at present coon a period of considerable activity. On the surface of
operate freely or fully with
the
hopeful suggestion for Russia.
educated class
is
fighting
extremists.
Autocracy
against
;
This
is
reform
is
a
—
things there
is little
to support this view,
and
it is
quite
what the possible that expectations in that regard may be disapand not pointed. Reports agree in saying that the inquiries for.
THE CHRONICLE.
Jui/r 15, 1905.]
more numerous, but the
iron latterly have been
and
clining
trade are
the
in
features
de-
still
accumulating,
been
considerably
on
that
indications
surface
these
occasion
keep
has
however,
be,
are
prices
still
output
that
may
It
curtailed.
stocks
that
notwithstanding
that
salient
this
prove mis-
will
wo
179
show
also
addition
gross
the
to
including
that,
earnings
railroads in this period of
from 1897 to 1905 has been no
United
of
months
six
increase,
this
the
States
yean
for the eiglil
than $470,000,000—
less
months of 1905 out railroads earned
1 I7t»,000,000 more than they had earned in the correThe Baltimore & Ohio
sponding six months of 1897.
that
in the six
is,
Age " of this city has the
The
its usual monthly statistics and
present week published
they show that during June the make of iron in the
sion in revenues.
during the month from 100,119 tons
sylvania
" Iron
leading.
has
Railroad
contributed
share of this great expan-
its
That system, as the reader is aware,
United States was only 1,703,289 tons, as against has been completely transformed physically and financiThe work began under the late
1,963,717 tons in May, 1,922,011 tons in April and ally in the last decade.
of the reduced out- Mr. Cowen at the time of the receivership in 1896 and
1,936,264 tons in March. In face
put, the stocks of the merchant lurnaces increased has been continued without interruption since the Penn-
However, there
accumulation
another side
is
of stocks
situation
point the '-Iron
Age"
tons.
says that
tell
On
that
pretty thoroughly
is
it
As
understood that consumers' stocks at the
moment
Railroad people
took the property under their
wing.
as to
is
consumers' yards.
in
The
hands may
The element of doubt
only part of the story.
the
170,233
to the question.
producers'
in
of stocks
to
are at
a very low ebb, so that the furnaces (the producers) are
supply metal which ordinarily
has been previously pointed out in these columns,
next
Pennsylvania Kailroad
the
to
there
itself
money has been spent
no
is
much
other railroad system in the country on which so
improvements, renewals and
additions as on the Baltimore & Ohio.
For several re-
cent years
for
outlays
the
in
way have averaged
this
The
$1,000,000 a month.
carrying as a
and increase
would not be counted. Moreover, in a special editorial in dividend distribution are the fruits of this wise and
That the higher dividend is fully
article entitled "Waiting for the Low Point," our con- far-sighted policy.
visible
temporary points out that
weeks
several
purchasers
that
a
ket at low
before
The waiting
deliveries.
with a good
buying
is
pig
of
policy,
appreciation
renewed there
have
iron
says, is pursued, too,
it
of the
will
probability that
be so
when
many foundrymen
time
of
in
Foundry
yards, on the testimony of observant salesmen, are quite
bare of iron.
a question
The matter therefore resolves itself
as to how much longer consumers
hold off before
likely to be able to
new
in
not at
are
supply their needs.
strange
if
a change from the waiting attitude
curtailment of production which
The
is
It
in blast
week en May 1
to
it is
under way
seen that
not
is
1£
30
million
when
1904,
$124,272,060, and
is
contend
showed
surplus
a
after
had
above
sum
roughly,
unfavorable
income
the
with,
for,
year ending Juno
fiscal
road
the
to
and
charges
trade
account
4
the
and
of $2,986,S78,
an appropriation out of income of
per
this, too,
£2,000,000 for
and improvements. On these results there has
been further improvement during the fiscal year 1904additions
05.
The
twelve months are not yet
for the full
figures
for
of $1,544,064 in net earnings over 1903-1
In an
Considering
reported.
is
From
1.
this
would appear evident that the make of iron in July
will prove smaller even than for June.
As prices have
it
in
article
two weeks ago we
our issue
com-
mented on the new system of municipal accounting
We
augurated by the City of Minneapolis.
has decreased from 452,000 tons per some of
—
In the
dollars.
conditions
in-
the capacity of the
40S,000 tons on July
stock outstanding
extent of the
full
dicated in the decrease in output for June.
the rate of reduction,
common
the eleven months to May 31 an into put
would be crease of $2,232,712 in gross earnings and an increase
being obliged
to
should develop at any moment.
of the
the additional 1 per cent will therefore call
available, but
orders
all
furnaces
into
The amount
warranted follows as a matter of course.
that some of cent dividend in the
pay a higher price than others.
will
for
buying again for extended
the market within a short period
them
evident
determined way to catch the mar-
set themselves in
point
been
has
it
large earnings
the unique features in
particular referred
pointed out
and
system,
in
the balance sheet incorporated in
to
and the statement of revenue and expenses
the report
classified
new
this
in-
according to
the various functions of the city
from a basis government. We reproduced a portion of the balance
by no means high what inducement can there be for sheet, showing what are termed the capital liabilities
the consumer to hold off much longer in making his and capital assets, and quoted the remark of the accountnecessary purchases?
Will he not run the risk of en- ants who have devised this new system of accounting to
already declined considerably
—
starting, too,
countering that rush of orders of which the "Iron
speaks if he does not make his purchases soon?
Age"
in this
United
The
was the first example of a balance sheet
form that had been presented by any city of the
the effect that this
An
States.
esteemed correspondent writes
to
&
Ohio Eailroad Com- ask if we have not overlooked the annual report of the
pany this week in increasing the semi-annual dividend South Park Commissioners of Chicago. Ho, wo have
on its common stock from 2 per cent to 2£ per cent, not. The report of these Commissioners is certainly a
thereby placing this stock on a 5-per-cent-dividend very commendable document and comes to our ollico
action of the Baltimore
basis, illustrates the
noteworthy prosperity which
important trunk-line property
also of the
country.
enjoying and
is
typical
development of the railroads generally in this
In an article on a subsequent page we review
the gross earnings of
(half of the
is
this
United States railroads
current calendar year, and
show
for the
that in
ti
months of 1905 there must have been an increase in
gross revenues of about 955,000,000 as compared
with
the
first
six
months of L904.
Moreover,
six
regularly
• ;
each year
South Park
as
Commissioners" are a
corporation,
they
inissioners
have
with,
where
many
different
a
not
are
one
only
city
has
and character
their report,
to
hear
municipal
distinct
The Oom-
department
many
great
Jouth
credii
and we
testimony
to
deal
to
departmenl
However,
functions.
deserve
ol
however, the
a municipality.
Commissioners
pportunity
While,
issued.
I
are
the
•
i
form
the
of
appreciation
this
in
THE CHRONICLE.
180
/
which
Their method of accounting
their report is held.
devised.
prohably as perfect as any that can be
'is
Moreover, what
is
particularly noteworthy
that
is
endorsed
[Vol. lxxxi,
bills
receivable,
4£'2)5 per cent for
per cent for prime and
4®4J
good four
to six
months single names.
this
body
The Bank of England rate of discount remains unbelieve, with
was used long before the changed at 2£ per cent. The cable reports discounts of
ever since
recent movement tor reforming municipal methods of sixty to ninety-day bank bills in London If per cent.
accounting, which is forcing one municipality after The open market rate at Paris is If ®2 per cent and at
another to improve its accounting methods, was in- Berlin and Frankfort it is 2£®2f per cent. According
to our special cable from London the Bank of England
augurated.
lost £258,198 bullion during the week and held £38,There was no change in official rates of discount by 203,585 at the close of the week. Our correspondent
any of the European banks this week and unofficial, or further advises us that the loss was due to exports of
open market, rates were, compared with last week, easier £5,000 to Bolivia and to shipments of £253,000 net to
at London and at Paris, and firmer at Berlin and at the interior of Great Britain.
we
system has been in vogue,
1882
—
that
that
is
Frankfort.
The most notable incident of
cessful negotiation of the Japanese
4^ per cent loan
for
$150,000,000, this amount being offered in three equal
The issue was
parts at London, Berlin and New York.
enormously over-subscribed
ten times over and in
—
at
New York
extent; the syndicate of bankers
ume
London and
of the subscriptions.
It
is
at Berlin
state the vol-
reported that
$20,000,-
among
in deposits,
in surplus reserve of $3,701,050
The bank statement
of this
to $7,-
week should
reflect,
other items, the transfer hence through the Sub-
Treasury
to
New
bills.
counts in
large, the
is
London and at
money for long,
for
remittance and by a good
volume of outstanding
for open market disParis and the firm tone in New
the
low rates
prospect for an abundant supply of exchange later in the
placed the loan in
$4,410,500 in loans and of $7, 733,800
957,825.
supply of
finance bills
demand
Though
who
The statement of the New York Associated Banks last
week showed a decrease of $5,634,500 in cash, a reducand a decrease
fluenced by a light
York
000 of the bonds were applied for at Boston, an equal
amount at Chicago and $10,000,000 at Philadelphia.
tion of
foreign exchange market was easy this week, in-
probably to as great an
however, unprepared to
this country are,
The
week was the suc-
the
Orleans of $90,000 and the transfer
The
for
season,
the
as
result
fixed periods, together with the
of a
free
movement
export
of
seems to have encouraged bankers this
week more liberally to negotiate these finance bills,
for those which are now drawn will mature in the
commodities,
export
active
season
for
cotton
presumedly,
then,
;
and therefore profitable, cover for the bills can
Should conditions develop which would
prevent the procurement of such cover in October there
would seem to be a probability that the maturing drafts
cheap,
be procured.
could be extended for another
period of three months,
thus taking advantage of
higher rates for
still
money
and possibly low exchange in January. Sterling and
hither from San
ment for the surrender of the second instalment of public franc loans, which are other forms of finance bills, have
deposits, under the call of April 5th, will probably be been largely negotiated this week, contributing to the
Francisco of $1,685,000.
require-
The amount of this lower exchange rates. These bills, it may be noted, are
instalment was $14,673,500, and it was stated on Thurs- borrowed on pledge of stock collateral, the borrower proday that $3,893,500 had then been paid, leaving $10,- curing, through the sale of the exchange, money for the
complied with to-day (Saturday).
period of six months, with one
780,000 to be surrendered.
extension of the
on
bill,
more advantageous terms than could be obtained on
The market
for
money on
call
was easy
week,
accumula-
this
Influenced by liberal offerings due, in part, to
Japanese
which funds were returned to the market through
their prompt deposit in the banks by the syndicate.
Money on call loaned at the Stock Exchange during the
week at 3 per cent and at 2 per cent, averaging 2£ per
cent ; banks and trust companies loaned at 2^ per cent
as the minimum.
On Monday loans were at 3 per cent
tions of funds
representing applications for the
loan,
and
at
2J per
per cent.
On
cent, with
a
While
such negoaugment
the
volume
of
outstanding
bills,
and
involve some risk in
hence
domestic
tiations
finance
collateral
loan.
the procurement of cover, the object of the
resorting to such loans might be attained even
uation in January should be such
as
to
if
the
insit-
compel him
to
pay a higher rate for exchange for his cover than he had
contemplated when he effected the loan.
the
week was a more
One
feature of
liberal supply of cotton bills,
which
2f was reported to be due to the sale of considerable
2% per cent amounts of the staple that had been held oft the market
the bulk of the business at
Tuesday transactions were at
and at 2 per
cent, with the majority at
Wednesday
loans were
at
2§ per
2£ per cent and
cent.
at
On
2 per
awaiting an advance in the price.
was
the
offering
of
Thursday transactions were
cent, with the majority at
at
2J per cent. On sight exchange which had
of
cables
that
2£ per cent and at 2 per proceeds
2£ per
cent.
On Friday
loans
noted
last
week,
Still
moderately
cent, with the bulk of the business at
were
borrower
for
been
large
bought
were
the
another feature
sold,
purpose
sums
of
with
the
as
was
of
trans-
2£ per cent and at 2J per cent, with the bulk of ferring hither foreign capital which could not be profitThe sight bills
ably employed in the London market.
were reported to have been bought in the expectation of
shorter periods the supply was abundant, though little a demand for the remittance of July interest, which
business was done.
Bates on good mixed Stock Ex- inquiry was insufficient to absorb the excess supply of
change collateral were 3 per cent for sixty days, 3^ for bills, and when the market began to decline early in the
ninety days, 3J®3J for four, 3£®3f for five and 4®4£ week the surplus drafts were sold.
On Monday the
per cent for six months. The supply of commercial price of bar gold was advauced in the London bullion
paper was small, while there was a good demand, and market half a penny per ounce, to 77 shillings 9f pence;
at
the business at 2J per cent.
Time contracts for five and
six months were less freely offered this week, but for the
quotations were
4®4£
per cent for sixty
to
ninety-day
on Thursday there was a decline oi £
of a
penny.
Tue
.
.
JTTLY
15, 1905.
—
.
TIIE CHRONICLE.
|
181
was probably for the purpose of outbidding
With the Sub-Treasury operations the result is as
French bankers who were seeking to procure the metal follows.
which was due to arrivo in London. Gold received at
info
tftl
Out of
Ikottyi In
Week ending July 14 1005.
the New York Custom House this week $7,409.
Ranks.
Hunk).
Hunk lloliltnox.
Nominal quotations for sterling exchange are 4 85}<9 Ilnnks Interior movement us ubovi'
18,000
201,000
Oaln. 11,411,000
88,400,000
Low, 8,600.000
4 80 for sixty-day and 4 87^*5)4 88 for sight.
On .MonTotAl gold and legul tenders ... *-.!0,O12,U00
80,801,000
Lou. 11,180,000
day rates for actual business opened at a decline of 5
points all around, compared with those at the close on
Friday of last week, at 4 8520®4 8530 for long, 4 8690
THE QUESTION OF "MILITARY
Gi 87 for short and 4 S715'S:4 8720 for cables. On
PEEPA REDNESS."
Tuesday long fell 5 points, to 4 8515^4 851*5, short 10
points, to 4 8080^4 8000, and cables 10 points, to
Human nature being what it is, it is not perhaps surOn Wednesday the tone Mas weak, prising that the remarkable incidents of the Eastern
4 8705^4 8715.
with long 10 poiuts lower, at 4 8505®4 8515; short 10 War should be followed by a revival, in the councils of
points, at 4 8075^4 8080, and cables 10 points, at 4 87
neutral nations, of what maybe described as "milita^4 S705. On Thursday the tone was steady at a re- rism." The conflict on the coast of Asia has unquescovery of 5 points for short, to 4 8680^4 8685, and of tionably shown the immense efficiency of a belligerent
5 points for cables, to 4 87®4 8710; long was un- which had for years been making scientific preparation
changed.
The market was weak on Friday, owing to a for the struggle, as compared with one which had been
pressure of bills, and long fell 10 points and short and trusting everything to luck.
We have had some illusearly advance
1
\
cables 15 poiuts.
The following shows daily posted rates
exchange by some of the leading drawers.
MOV.
Fin..
Juli
00 days
SiRht
(60 days
Banns,
JlHtfoun 4 Co \ Sight ..
Bank British
00 days
No. America. J Sight ..
Bank of
( 00 days
Brothers A Oo.
<
(
.
7.
Jul]/
4 SO
86
68
89
88
86
88
488
466
483
I
4 86
<
488
486
483
486
10.
Wed..
TUES..
July H- Ju y
12.
for
is
recent public speeches, of the sort of
drawn
occasionally
as to our proper
and it is even more natural
of argument should be heard in
application of this lesson,
Thdr.
July
same sort
Europe. Perhaps its oddest manifestation has been in
the discussions of the English Parliament,
where
that
18.
67*
65*
87*
86
66
87*
65*
87^
85*
87*
87*
86*
87*
85*
67*
85*
87*
85*
87*
65*
87*
problems
66
67*
§2^
87^
66*
87*
the
the
Fri.,
lulu 14.
65*
87*
86
88
86
68
86
68
88
88
86
88
86
88
88
68
66
88
own
sterling inference which
DAILV POSTED BATES FOR FOREIGN EXCHANGE.
Brown
our
tration, in
fense
the
of
of
protection
Indian
against
invasion,
and
preservation
frontier,
de-
of
and sea power of the Empire, have
been taken up lately with the greatest imaginable
Cana Man Bank 00 days
86
86
86
zeal.
Lord Kitchener had his say, not long ago,
4fc8
88
Of Commerce. Slubt
88
88
Heldelbacb, Ick- 60 days 4 86
86
85*
85*
on the question of Indian defenses
Mr. Balfour
elneimer&Co. Sight
488
88
87*
87*
Laiard
60 daye 4 86
86
86*
85*
had to express, in a half-hearted way, his belief in the pre488
88
87*
67*
llercnants' Bk.
00 days 4 86
86
86
86
86
paredness of England's coasts in the matter of fortificaof Canada.
Sitht
4 fB
88
88
88
68
The market closed on Friday at 4 8495'S4 8505 for tions. This week comes Lord Eoberts, with a vehement
In the House of
long, 4 8005^4 8075 for short and 4 S68o©4 8095 for plea for something like conscription.
cables.
Commercial on banks, 4 S470®4 8480, and Lords last Monday, the veteran field marshal emphatidocuments for payment, 4 S4'S4 8495. Cotton for pay- cally declared that the choice lies now between conscripment, 4 84S4 S4J, cotton for
acceptance, 4 8470® tion and some practical system of universal training for
the battle-field.
He asserted that only by such means
4 8480, and grain for payment, 4 8490^4 8495.
would it be possible for Great Britain to meet the de{
88
88
..
(
(
..
(
4
<
.
The following table indicates the amount
the principal European banks.
the
land
;
of bullion in
mands upon
tion,
he
Empire;
The
the empire in the event of war.
said,
its
was one of
life
proper recognition
ques-
death to the British
or
requires
the
placing
an army as large and efficient as that of
any European country. This Lord Roberts affirmed,
even while admitting that the European Powers may be
regarded as "nations in arms." He closed his appeal by
in the field of
repeating that, in
his
judgment, the existence of Great
Britain depends on the maintenance of such an army.
Lord Roberts' speech,
like
many
other arguments on
was based on tacit assumption that Great
Britain is isolated among European powers.
la this regard the argument seems a far-away echo of 1895.
Then, indeed, it was true that all of England's fellow
nations
even the United States seemed to be turuod
against her.
What are the facts to-day t The answer
certainly has some bearing on the policy for which Lord
this question,
• The division (between gold and sUver) given in our table of coin and
bullion In the Bank of Germany and the Bank of Belgium la made from the
best estimate we are able to obtain; in neither case in it claimed to be
accurate, aa those banks make no distinction in their weekly returns, merely
reporting the total gold and silver; but
•lose approximation.
we beUeve the division we make
la
a
t The Austro-Hungarian Bank Statement la now lBsue<l in Kronen and
Heoer Instead of Gulden and Kreutzer. The reduction of the former currency
to sterling £ was by considering the Gulden to have the value of SO cents. At
the Krone has really no greater value than 20 cents, our cable correspondent
*n London, in order to reduce Kronen to £,haa altered the basis of conreralon
by dividing the amount of Kronen by 24 Instead of 20.
—
Roberts pleads so urgently.
—
It
appears
to
us that, at
moment, England occupies a stronger position, one which more surely guarantees peace, and ono
The following gives the week's movements of money less
vulnerable from any point of view, than it has occuto and from the interior by the New York banks,
pied for at least half a century.
She is allied under
Interior
Htctirtd by
Shipped by
W$4k tndlnj July 14 1006.
agreement, by each party, to come to the other's relief
menL
Hank,
Y. Hank*. V
when that other shall be outnumbered by opponents
Uaiu. tl..
ta.eoo.ouu
H.603,000
Gold
with the victorious Asiatic Pow*r whose prestige is to167,000
&U2.000
Oaln.
749.000
the present
—
M
11.
Total sold and legal tenders
.
.
18,61 8,000
1".
MJOL0O0
<;«m. 1X411.000
day the greatest puzzle of the
wflrld.
With Franoo,
for
THE CHRONICLE.
182
years at intervals a sullen antagonist or a jealous rival.
[YOL.
T.
XYYT
,
TEE DECISION AGAINST TEE KANSAS
GOVERNMENT OIL REFINERY.
Great Britain has arrived at a cordial mutual underConstanding.
Not only did the Anglo-French
possiannoying
The failure of the State of Kansas to secure legal
have had sanction lor its scheme to establish State oil refineries
the
French
but
bilities
of friction,
opportunity to see in very recent events the supreme in opposition to the Standard Oil Company obviously
With Bussia helpless deals a blow at State socialism and paternalism in govvalue of such an understanding.
But it does more than that. It shows
as an ally, with Germany openly hostile in the exchange ernment affairs.
remove
vention
dozen
a
half
of diplomatic communications,
not
it is
even in the remoter parts of the country,
not countenance acts, however disguised, whicu
strange that the
that the courts,
French people should have realized, as they certainly will
never have done before, how much a good understand- attempt to do indirectly what the fundamental law forIn this sense the decision is clearly a
ing with the British Government may mean to them. bids doing directly.
Carried out to its full results, so declared M. Delcasse at wholesome one, in which every thoughtful citizen must
Paris last Wednesday, the friendship "would assure for rejoice, no matter how much he may detest monopoly in
the shape of a Standard Oil combination or in any other
a long time the peace of the world."
these two important political arrangements form.
Along with
There is an express provision in the Kansas Constitumust be considered the diplomatically very vague, but morally very positive, understanding between Great Britain tion which forbids the State Government from underand the United -States. It is, we think, no exaggeration taking work of the character involved in the setting up
that
assert
to
cemented
can people, as
cordial
this
understanding
nate period of friction during the Civil
much used
complaints, ot which so
-as
to British
to
and
Our
to-day.
politics
The
power tyrannizing over
benefit, are rarely
selfish
War.
people,
like
When
peace.
for
to
fif-
When
the
oil-refinery
such a time the legislator
Ire-
own excluheard in American
is
not apt to pay
But
to Constitutional restrictions.
its
it is
much heed
tue province of
mandate is
the French, have terposed against unlawful proceedings, even though
these
three
all.
degree important that the courts
law was passed,
popular sentiment in Kansas was running high.
At
the courts to see
object sought
that the Constitutional
may
appear
to
We
be meritorious.
in-
the
have
no knowledge as to whether the Standard Oil people are
of good understanding with a powerful State whose pur-
make
refinery or going into the oil business at
in the highest
overridden.
learned these past few years something about the value
poses
oil
was
should not allow this provision of the Constitution to be
old
be heard ten or
land or exploiting the United States for
sive
It
has been at no time since the unfortu-
it
teen years ago,
been of an
has
by the willing concurrence of the Ameri-
lately
them or not. But
does not matter.
The merits of
guilty of the offenses charged against
inter-
added the fact that Bussia, against whether guilty or not,
.whom, more than against any other foreign State, Eng- the contest really have no place in the discussion. Conland's misgivings and suspicions have for a generation stitutions are framed for the purpose of embodying cerbeen directed, is now harmless to do injury, it would tain principles of government, and these principles must
certainly appear that the British Government's present be upheld and defended so long as they remain the
situation is secure in an unusual degree.
European established law. Otherwise there could be no security
national friendships
critics
the
have in
is
fact accepted, as
the
German Emperor's "Morocco
theory that he realized Germany's
true explanation of
in society.
In a period of intense public feeling there
demonstration," the
and need
was determined, by a strong diplomatic show of force, to violated
at least assert his nation's power in the councils of is prone
for care that
relative isolation,
sets the
nations.
We
good
with
do not
mean
relations
its
as
Great
fellow States can
Britain
serve
has
own
established
of war.
the facts which
It
recited render
somewhat
especial
such moments the legislator
The Constitution
be hasty and impulsive.
bounds beyond which he
may
not go.
It
is
It also often
removes the temptation
to dis-
Experience teaches that those who advocate
most strongly overstepping Constitutional barriers under
does seem to us, however, that
we have
to
folly.
honesty.
entirely to absolve a
nation from the responsibility of providing against the
possibility
At
or disregarded.
is
fundamental provisions be not
often a protection to the people themselves against their
argue that such international
to
these
the stress of popular
demands are the
any legal objections that
ridic-
ulous the constant visions of impending conflicts which the operation of the
disturb such well-meaning but extremely prejudiced mil-
some.
it
may
statute
first to
avail of
be possible to raise when
found
is
In the present instance
it
is
to
prove burden,
hard to imagine
Lord Boberts.
It may, in fact, be that the State of Kansas would have undertaken to reargued, even jrom the showing of Japan in the present pudiate the bonds which it was proposed to issue to prowar, not that the lesson is for universal conscription, but vide the means for erecting the contemplated State rethat attention must be given to the thorough and proper finery, nad the decision of the court come after the bonds
training, under intelligent administration, of such forces had been put out; and yet other communities have been
as exist already.
The Japanese were by no means a known to do precisely this thing that is, sell bonds,
"nation in arms" at the outset of the Eastern war. pocket the proceeds, and then, when the enterprise for
Bussia came infinitely closer to that unpleasant classifi- which the money was wanted proved unsuccessful, raise
cation; yet the result in Bussia's case is hardly such as the claim that the bonds were illegal anyway and thereby
Lord Boberts would appeal to. It is indeed a mat- seek to throw off the burden voluntarily assumed at the
itary prophets
as
—
ter
of
history
that
the
early
inefficiency
troops on the invasion of the Transvaal
of English
resulted
outset.
The Kansas
in no
statute
was an
ill-concealed
attempt
to
But the Kansas
get round a Constitutional prohibition.
rule, but from the other very patent fact that the regular judiciary has seen through the thinly veiled disguise,
army had received no proper training for the kind of and has refused to shut its eyes or to yield to popular
It will be held in
service into which it was then obliged to enter.
clamor, no matter how insistent.
respect from the fact that conscription had not been the
1
i
July
THE CHRONICLE.
15, 1905.]
higher honor on that account, and
increase
standards will
Btitutional
XI
adherence
its
respect
Con-
to
lor the law.
Kansas State Constitution
lays down this declaration: "Tho State shall never be a
party in carrying on any works of internal improve
ment." The language is certainly plain enough, and
the Kansas legislator seems to have been perfectly aware
Section 8 of Article
that
he proceeded baldly in his attempt
it
State in the
methods
same end, hoping to fool the
provide them with a decent excuse
judges, or at least to
ibr ignoring
ernment woik
oi this
popular
seek
The
and operate
construct
to
Section
nection therewith.
Warden
powered, by and with the advice
State
fol-
and
refinery
oil
the
hereby em-
Peru,
at
intimate
part
the affair, tho
In
people
the
to
any
than
having originated, as expressed
question
in
other
demand
in his
against a 'power-
lor reliel
commercial combatant,' against which the individual
ful
was unable
met the hearty and enthusiastic
Governor, not as an appropriation
of the
approval
a branch penitentiary
build
but as
to
an appropriation
and operation of an oil refinery."
sarcasm, it is added that "inasmuch as
construction
the
for
to cope, it
no reference
is
the
sustains a more direct
lie
ot the
made
to the
branch penitentiary,
may
it
Governor did not understand that there
any provisions in the bill which seriously con-
be said that the
were
templated
building
the
branch
a
of
the
of
State
penitentiary."
Proceeding along these
to
argue that
lines,
Justice Greene goes on
as contended by
if,
the State, the object
was the construction of a branch penitentiary,
it
seems strange that the Governor in approving it
should feel called upon to say that it is "such a radical
of tLe bill
£210,000 of oil-refinery bonds; the departure from governmental precedent tnat it seems
the same were received March 31, but were all wise to put upon the record a clear statement of the
rejected on the ground, as alleged, that the State officials
determined
hail
lloch's
these
for
tenders fur
Dealing with Coventor
fine
in
corporation upon his righ!
oi this
Then, with
County of Chautauqua, Kansas, and to construct and
maintain and operate thereon an oil refinery as a department of the State Penitentiary, for the refining of crude
oil, and to market the same and its by-products," etc. By
Section 9 oi the same Act, the State Treasurer and the
Warden were empowered to sell $210,000 ot State bonds
for the construction and equipment ol the proposed peniBids were actually
tentiary branch and oil refinery.
invited
encroachments
to the
branch
State, a suitable site for the erection of a
Penitentiary
as
expense
secure, without
penitentiary, to
of said
and that a public demand
relation
board of diiectors
ot the
;
knows and understands the conditions, deofficial,
sires, aspirations and aims of each community.
The
the
is
a particular
and
providing proper employment
penitentiary,
of
ol
L905 to enact Some
which would protect the producer from the further
law
message, in a popular
State
complaint that
a
this field
oi
was made upon the Legislature
con-
Act began
him
to
in
Kansas State Penitentiary
ot the
rightfully belonged
bill
of the
the
in
corporation was unjustly manipulating the market ol this
product SO that the producer was being deprived ot what
and
refinery
all
to
in
confined
convicts
1
industry; the general public
penitentiary,
oil
oil
part of the State; the rapid development
State
>d
Court knows ot
that were discovered
"The Executive
ot
lows: "-For the purpose
for
an
great quantities of crude
that the
pret
brauc
a
establish
to
yielding
statute
obedience
tacit
"In common with
persons, this
to
they should be inclined
if
by
favor
public clamor.
wanted
kind
he says:
point
this
other well-informed
opinion says:
Gov-
inhibition against
Constitutional
the
ck
the
attain
to
km
So he sought by circuitous
head.
the
in
launch the
to
the courts were likely to
business
oil
scheme
the
of the
On
tion.
183
provocation and the purpose of this undertaking, that our
have the Supreme Court pass upon action should be clearly defined and thoroughly under-
to
The Supreme Court now, by a stood at home and abroad."
Justice Greene urges
that the construction of penal institutions is not a " radunanimous vote, declares the whole Act illegal.
The
Associate Justice Greene, who wrote the opinion, ical departure from governmental precedent."
la_\s down the rule thai: (1) In the interpretation of an
maintaining such institutions is known
"provocation" for
ambiguous statute, courts should examine it in the light to all persons.
"Besides, what interests have the
the validity oi the issue.
the
of
history
of
its
enactment as disclosed by the people abroad on
journals of the Legislature,
the contemporary history of
the conditions
and situation of the people, the economic
and
policy of the State, its
.-^ociologio
and
laws,
common knowledge
other matters of
all
Constitution and
within
that
tions
clearly
Oil
their
for
defined?'
was
Co.
no
of
benefit
'our
of
and
true
institu-
should be
action
The indictment
doubt
penal
our
subject
the
Standard
the
provocation
tho
was very great; but we must not make a scarecrow of
the
That the construc- the law. The consideration of the bill in the
tion operation and maintenance of an oil refinery for public conditions under which it was conceived, the title
bill
the purpose of receiving, manufacturing, storing and under which it was introduced in the Sena
handling crude and reiiued oil and its by-products, and itself, and its reference by the Senate to its committee on
the marketing of the same, constitute a " work of oil and gas instead of to its committee on penal instituthe limits of their jurisdiction.
(2)
-
,
internal
law
is
improvement."
an Act appropriating
improvement,"
money
and hence
is
the
as
oil-refinery
"works of internal
for
contravenes Section
it
the Constitution,
ol
That
(3)
of Article
8
XI
Court in construing a statute
familiarity with
•* the time oi
fact that
the history
passage
the
the only hope
its
to
make
of
use of
the
of the
the object
."
p<
Oi
its
true object, Justice
duty
of the
Court
to
Greene points out
inquire
into
that
it
is
the
the real reason for the
measure and the circumstances surrounding
its
incep-
the
ot
bill
is
Governor
neat,
against the
State's
in
in
It
even
seems
and maintain an
B
I
laid bare
clear
that
if
ir
our minds that
and
way
the
the
i
I
en
the
prOpO
6(3
had received judicial 38
the end have proved onsm ces ral and anpr<
State is not fitted lor work oi this kind, and
finery,
in
US
1
bis special
eter upheld.
To
its
secure a site whereon the
to
operate
construct,
and the reasons
bill,
doubt
no
Thus in this
the scheme is
lition
refinery
by the Senate under
the purpose of the
should
its
scheme had that the bill would be held valid w
upon the idea that the Court could be induced to ignore
bill
passage as expressed by the
In view of the
the law.
the supporters
title,
of the
age of approval, leave
and condition
of
riginal
void.
Justice Greene goes into a discussion of the right of
the
passage
tions, the
it
its
oil
THE CHRONICLE.
184
try into the field could only
We
fusion.
dependent
For
refiners.
lxtxl
produce con- ing the cash balance and after taking account also of the
the view of the in- non-interest-bearing debt) was increased, being $989,866,*
have served
notice, too, that this is
[Vol.
to
in a dispatch from
Chanute,
772 June 30 1905, against $967,231,773 June 30 1904.
With the drawing down of public deposits in the
Hyde, President of the Chanute &
is quoted as saying: "This action of banks, the holdings of bonds by the Treasury to secure
the Court will not injure the independent refiner in the the same were of course also reduced.
At Washington
least.
In fact, it is a benefit, owing to the removal of only $80,404,950 of bonds are now held and at Xew
making $86,254,950
Our success depends upon the anti- York
State competition.
together,
85,850,000,
securing fair rates for against $119,983,550 at Washington and $7,081,000 at
discrimination law and upon
W. S.
Kansas,
Austin
Oil Kefining Co.,
We
transportation.
well without
as
can. fight the Standard Oil Co. just
the
refinery."
It
pointing out, in closing, that this
is
is
New
York, or $127,064,550 combined, a year ago.
But
perhaps worth in the same twelve months the holdings of Government
the second recent
bonds to secure national bank circulation increased from
The other oc- $416,016,690 to $468,006,940. It is well known that
Mickey of Nebraska vetoed Secretary Shaw has made special efforts to get the banks
casion was when Governor
a bill for an issue of $200,000 State bonds to be used in to take out additional notes, and in this he has been very
1
on to the volume of outstanding
the erection of a binder-twine plant at the Nebraska successful, the ad
year having been almost 50 mil
State penitentiary, as noted in the article on "The bank notes during
defeat of an attempt at State socialism.
;
'
,
Financial Situation" in our issue of April 15
lion
last.
dollars
—the
;
total
of circulation
afloat
on bonds
June 30 1905, against $412,Under these circumstances and
FISCAL YEAR.
with the addition to the gold supply through new producIn an article in our issue of last Saturday we made tion, it is not surprising that a further marked increase
an analysis of Government revenues and expenditures should have occurred in the amount of money in circulafor the fiscal year ending June 30 1905, and showed tion, the aggregate of this now being reported at $2,596,that the deficit for the twelve months was due entirely 716,471, against $2,521,151,527 July 1 last year and
standing at $462,669,414
GOVERNMENT FINANCES FOB THE
and large increase
to the persistent
that
in the appropriations
We
taking place year by year.
is
759,449 June 30 1904.
did not deal
with any of the other Treasury and financial statements,
some of which
also
purpose referring
It
obvious
is
disclose interesting
We
features.
$2,376,323,210 the year before.
As
our usual form,
penditures each year since 1878.
GOVERNMENT RECEIPTS AND DISBURSEMENTS.
to these latter in the present article.
with outflow exceeding inflow
that
Receipts
June 30
Government is no longer obliged to wrestle with the
problem of what to do with accumulating cash in the
On
the
contrary,
during the past twelve
itories for
The
a portion of the public funds held by them.
effect is
seen in public deposits in the banks of only
1883
1884.
1885
1886.
1S87
1888.
1889.
1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897
1898
1899.
30 1904 and $151,618,313 June 30 1903. Of course
this reduction of Government moneys in the banks did
1901.
1902.
is
amounted merely
transfer of funds from the possession of the banks to
Government
$29,587,752
With
in the first place.
twelve
the
for
entering
987,752 after
113.561,610
124,009,374
135,204,386
146,497.595
144.720.369
121.586,072
112 498,726
116,805,937
118.823,391
121,296,872
130,881,514
142,600,706
145,686.249
153,971,073
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,S80,122
230,810,124
232.904,119
233,464.201
23,015.526
22,995,172
27,358,231
36,616,926
38,860,716
31.866.308
29.720.041
26.728,767
35,292,993
35.878.029
32.335,803
30.805,692
27,403,993
23.513,747
21.436.988
18.792,256
17.809.786
20.191.583
24,479,004
a20,094,408
b24, 596,662
d34,588,140
Total.
1900
-
1903
1904.
1905
137.250.048
186.522,065
198 159,676
220.410.730
214,706,497
195.067.490
181,471,939
192,905.023
217.286.893
219.091.174
223,832,742
229,668,584
219,522,205
177,452,964
203,355,017
131,818.530
152.158.617
160.021,752
176.554.127
149,575.062
206,128.482
233.164,871
238,585.456
254,444,708
284.479,582
261,274,565
262,060.528
g.35.086,186
36,153,403
45,106.969
45.621.493
47,899,130
273 827,184
333 626.611
360 782,293
403 525,250
398 .287,582
348 .519.870
323 .690,706
336 ,439,727
371 403,277
379 266,075
387 050.059
403 080,983
392 612.447
354 ,937.784
385 819.629
297 722,019
I™ 390,075
326 976.200
347 ;721,705
340 ,570.111
504 162,306
563 0S0.938
680 852,306
562 478,233
560 396,675
639 S00.177
b543 423,859
the
months
$5,600,000
a
(or
RR. and $58,448,224 from
Union Pacific RR.
b Does not Include $11,798,314 from sale Central Pacific RR.
d Does not include $821 ,898 from payment of dividend by receivers of Union
Pacific and $3,338,016 from sale Central Pacific RR.
g Does not Include $2,122 841 received In June 1901 from sale of claim aealnst
Stoux City & Pacific, $133,943 from payment of dividend by receivers of Union
Pacific and $4,576,247 received on account of Central Pacific Indebtedness.
x Includes repayment of $5,600,000 loaned to Louisiana Purchase Exposition ths
a Does not Include $6,303,000 from sale Kansas Pacific
to
a
Gov-
ernment vaults the ownership of which had rested with
the
Miscel'ous.
called the available cash balance of
the Treasury, since the operation
of
Revtnue.
S
„___
1880.
1881.
1882.
$76,560,862 June 30 1905, against $113,688,618 June
not increase what
Internal
Customs,
1879
months the question chiefly has been as to whether
money holdings in Government vaults were sufficient
for current needs.
With a view to guarding against
such cash holdings falling below a safe limit, repeated
calls have been made upon the national bank depos-
pom —
Fiscal Years ending
the
Treasury.
we append the following table in
showing Government revenues and ex-
a matter of record
deficit
$23,-
advances
sale
previous
fiscal
year.
re-
Expenditures.
Fiscal
turned by
pany),
the
this
Louisiana Purchase Exposition
available
$169,027,242 in 1904
money holdings
Com-
cash balance was reduced from
to
$142,490,323 in 1905.
The
in treasury vaults, however, are larger
than they were a year ago and will be further increased
by the payment of about $11,000,000 in July on account
of the final instalment of the call on the banks made
April
5.
In
brief,
the total of these
money holdings
June 30 1905 was $292,620,144, against $283,889,482
June 30 1904.
There were no changes of consequence in the funded
debt during the year, the aggregate of the interest-bear-
June 30 1905 being $895,158,340, against
$895,157,440 June 30 1904; but on account of the exing debt
cess of disbursements
over receipts and
the resulting-
diminution in available cash, the net debt (after deduct-
Years
endinij
J'neZO
1879.
1880.
1881.
1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
1903.
1904.
1905.
Ordinary,
Premium
war on Bonds
and navy. Purchased
inrtud.
Excess 0/
Pensions.
Interest.
Total.
Receipts.
$
S
$
$
126 ,498.453
35,121,482 105,327, 949 266 947,884
6 ,879.300
112 ,312,889 2,795,320 56,777,174 95,757, 575 267 642.958
65, ,883,653
127 ,083,618 1,061,249 50,059,280 82.508, 741 260 712,888
100, ,069.405
125 ,559.039
61,345.194 71,077, 207 257 981,440
145 543,810
140 ,235,433
66.012,574 59,160, 131,265 408,138
132 ,879,444
134 ,118,638
55,429,228 54,578, 378 244 126,244
104 393.626
152 ,738,412
56,102,267 51,386, 256 260, 226,935
63 ,463,771
93 ,956,589
128 ,498,128
63,404,864 50,580, 146 242 483,138
103 ,471.097
145 ,161,501
75.029.102 47.741, 577 267 932.180
bill ,341,274
134 ,650,443 8.270 842 80,288,509 44.715, 007 267 924 801
b87 ,761,081
153 ,370,352 17.292.363 87,624,779 41.001, 484 299 288.978
b85 ,040,272
154 ,700,347 20,304.224 106,936,855 36,099, 284 318 040.710
b26 ,838.542
193 ,409.59S 10,401,221 124,415,951 37.547, 135 365 773,905
9 ,914,454
134,583,053 23.378, 116 345! 023.330
187,,062.161
2 ,341.675
159,357,558 27,264, 392 383 477,954
196,,856,004
406 367. 525,280 df. 69 ,803,261
141.177.285 27,841,
198,,506.589
183 ,822 039
141.395.229 30.978, 030 356 195,29s df. 42 .805,223
139.434,001 35.3S5, 029 352 179,440 df. 25 ,203.246
177 ,360,416
141.053.165 37,791, 110 365i 774.159 df. 18 ,052,454
186 ,929,884
147.452.369 37,585, 056 443, 368,583 df.102 ,798.472
258 .331, 15S
139.394,929 39.S96, 925 605, 072.180 df.100 ,909.874
425 .780,326
75 .367.146
30t', .676,143
140,877,316 40,160, 333 4S7 713,792
71 .142,734
139,323,622 32,342 979 509 967,353
338 ,300,752
91 ,287,373
138,488,500 29,108, 045 471, 190,858
303 ,594,253
54 ,297,668
138,425,646 28,556, 349 506 099,007
339 ,117,012
142,559,266 24.646, 490 a58 2402321 df.a42 ,602,114
415 .196,565
141.770.955 24.591 024 567, 411,611 df. 23 ,987.752
401 ,049.632
a Includes 549,000,000 paid on account of Panama Canal and $5,600,000 loaned
to Louisiana Purchase Exposition Company.
b Allowina for the premiums paid, the actual excess in 1SS8 is $119,612,116; In
1889. $105,053,444; in 1890, 5105,344.496. and in 1891. 537.239.703.
)
July
THE CHRONICLE
15, 1905.]
RAILROAD GROSS EARNINGS FOR JUNE
AND THE HALF-YEAR.
We present to-day, in tables at the end of this article,
preliminary compilations showing
United States railroads
for
The feature
calendar year.
the
ing summary, furnishing
all
of these compilations
is
Yr.
It (Is.
89fl
1
months of last year. This improvement
reflects the better trade and traffic conditions which have
prevailed the present year, and is an indication of the
which
lias
characterized
pretty nearly
198
195
192
181
183
107
152
137
129
125
1900
1901
i
ioa
1903
1905
than two weeks have elapsed since the close of the
less
half-year,
obviously impossible to have
it is
We
exact results.
liave figures for the
the
(in part estimated, of course,) in
mileage of the country.
months
of the roads
case
furnishing early estimates, comprising
half the
complete or
full six
months
May
to
pretty good guide
to the
probable showing for the half-
now
In the summary which we
year.
ought to furnish a
31; but these
subjoin,
we
follow
the practice pursued in other years of combining the two
sets of roads, thus getting a
grand aggregate which,
does not yield exact results, at
if it
least possesses consider-
The
elements of usefulness.
able
are
figures
in
any
event the best that will be attainable for some time, since
as
June
is
not only the close of the half-year but also
the close in the great majority of cases of the fiscal year
of the different
companies, the June returns will be de-
much beyond
layed
ordinary,
the
be issued until
stances will not
and
the
in
not a few in-
appearance of the
annual reports, say in September and October, and pos-
even
sibly
later.
Miles olRoad.
1 to
End
1U04.
Grand
1905.
Increase.
tot. (125 roada)
%
155.609
150,434
104.040
171.302
101,308
170,004
174.146
Decrease.
(
—
S
%
896,841.584
401,26
405,558.731
483,944,520
550.721, 15'J
010,707,274
657.295.2N9
707.878.028
710,090.159
755,070,249
0.42
0.05
0.91
2.31
3.04
0.97
2.78
2.33
1.76
or
370,051,597
+ 19.6
—2,606,1
15 0.02
892.328 13.68
109,866, 103
Ml
457.9H-..
5.66
16,426
i
69,
1
.
4 .26
560,567.846
f- 56,199.428 10.02
61 1,932,313 + 42.:;
0.88
623,606,676 4-84.271.452 13.61
72S.134 802 —12,038.643 1.06
710,451.108 + 45.219.081 <;.:)0
—
that,
brought out by the foregoing
fact
is
with the single exception of 1904, there have been
each and every year since 1897,
very large gains in
nishing a really marvelous record
provement in the
The
receipts.
of expansion
fur-
and im-
figures as here presented
given just as they appeared in our early compila-
are
which has occurred,
the whole
dealing with
tations
On
country.
provement
be better to take the compu-
will
it
basis, as
that
already indicated, the im-
1905 over 1904
for
system of the
railroad
is
likely to reach
000,000, following a decrease in the six months of
of
$18,000,000
we estimated
On
$20,000,000.
to
that
months of 1903 there
the six
in
$55 r
1904
a previous occasion
had been an increase of $115,000,000 over the six
months of 1902; that similarly in 1902 there had been
an increase of $50,000,000 over the year preceding; in
of $70,000,000; in 1900, an increase
1901, an increase
of
$90,000,000; in 1899, an
and
Hence,
1898, $68,000,000.
in
from 1897
to
increase
we have an
1905,
of $42,000,000;
the eight years
for
addition
the gross
to
earnings of United States railroads in this period of six
in the
sum
of
$470,000,000.
From
tude of the gain the reader will get an idea
|
1904.
derful transformation that
the magni-
of the won-
has been effected in the eight
years in the condition of this great industry
S
$
S
351.220,878 329,560.972 21.059,906
404.449.371 380.890.190 23,559.175
63 roada six months
62 roatU five months
%
0.41
Miles.
148,803
163.100
Milt*.
148,013
153.715
152,970
160.988
160.054
169.026
173,074
105,805
Year
Preceding.
o1 Period.
June 30.
1905.
pre- Inceding. crease
173.970
177,213
months
Gross Earnings.
January
this basis for
somewhat less than tions each year. For the purpose, however, of indiFor the remainder cating the extent of the expansion in gross revenues
of the mileage the only figures available are those for the
five
interest-
Gross Earnings.
Year.
Given.
Yt.
The noteworthy
As
yet only partial.
are as
an
Note. Neither the eamlnKS of the Mexican roads nor the mining operation* ol
the anthracite coal roads are Included In this table.
the whole range of the country's industries.
Necessarily, our returns
Year
30.
Given.
the
of the first six
comparison on
ii
Mileage.
June
half of the current
is
the years back to 1896.
the gross earnings of
first
The following
so did the total for 1904.
ubstantial gain recorded as compared with the earnings
greater activity
185
87,477
89.736
85.607
88,539
755.070.249 710.451.108 15.219.0S1 177.213 174,140
transition
—marking the
from a state of depression and adversity
condition of great
and
to a
steadily progressing prosperity.
The only interruption to the upward movement was
Based on the foregoing partial and yet comprehensive
that which occurred last year, and which was occasioned
returns, the increase as compared with the previous year
leaches $15,219,081, the total of the earnings for 1905 by a temporary relapse in trade and the presence of a
As compared with
being $755,670,249, against $710,451,168 for 1904. number of other adverse influences.
Allowing for the month of June in the case of the roads
which have reported as yet for only the five months, and
allowing also for the mileage unrepresented in our tables
(the figures given,
it
will be observed, cover
an aggregate
this situation in
1904, conditions the present year were
In place of the reaction
again quite favorable.
in trade
which marked the months of 1904, our industries in 1905
were in a state of considerable activity. In the iron and
almost unexampled buoyancy
industry there was
177,213 miles out of about 205,000 miles for the
whole country), it seems safe to say that the improve-
steel
ment
when
ing the trade, however, in a vastly more active state
ol
for the six
months
will
approximate $55,000,000
become
available.
This, obviously, is a very substantial amount
ol improvement.
Of course comparison is with an unfinal
favorable
and complete returns
period
in
1904,
for the half-year
when
the gross
earnings of
United States railroads recorded a decrease.
mind
6hould be
borne in
months
1904 was computed by us
of
$18,000,000
to
compared
be
closed, since
that
is,
no more than
On
this
was only (12,038,643.
esti-
the roads which
date
in
190 i the
This latter
may
945,219,081 increase now disaffords absolute analogy of comparison
the
—
1905 the figures include a number of
only five months instead of the lull six months,
while
roads for
at
$20,000,000, as against the present
with
it
it
that this decrease for the six
mated increase of $55,000,000.
had actually reported to us at
decrease then
But
in
until
May
than
and June, when a decided
during
the
treme depression
months of 1904, when exexisted in iron and steel. Further-
more, there was an
ings
last
early
absence of
had tended
influences which
Among
year.
Colorado miners'
strike,
ture all through the
first
many
to
special disturbing
reduce
may
these
and earn-
which had been an adverse feaIn 1905 normal
half of 1904.
roads, as a consequence, are
improved earnings.
traffic
be mentioned the
conditions in that regard prevailed, and
strike
occurred, leav-
lull
Again,
able
to
the
all
the Colorado
show considerably
Masters' and
Pilots'
on vessels engaged in Lake transportation was a
serious adverse
influence with a large class ol roads for
ahout six weeks up
to the
middle
ol
June
lasl
year.
On
the other hand, there was complete freedom from trouble
of this
kind the present year.
THE CHRONICLE
136
Then,
also, the
weather was
far
The winter
1904.
i
New
Northern
York,
had been
for
been tied up by snow blockades
in
the
months
early
days at a time), and, as compared with
appear
11)01-
these extremely
iron
1904
D<
1905
1904
general
Thus
the coal shipments to market.
trade and
is
in the corresponding period of
same period
in the
anthracite, on
of
5.004,450
6,949,900
334,900
593,600
6,299,082 7,579.985
7,310,770 11,652.425
7.897,840
8.265.895
1,062.500
1,092,000
240,386
352,116
494,000
1,453.940
4,325,500
4,171,247
3,860.150
1,840,000
6.950
6.080
57.700
42,900
108,050
138,850
309,365
684,540
3.007,239
1,999,202
1,329,513
1,944,041
299,505
380,656
340,640
4,933.068
4.641.3S0
3,028,122
2.509,052
55 290
98.506
9,217
347,050
415,855
353.600
326.400
6,056,800
9,978,700
4,192,800
4,709,200
1.055.900
1,299.400
128.700
136.000
992,900
602.700
2.5*0,280
5,142,107
80,096
29,281
2,199,945
3,060,644
407.510
793,542
42.507
109.487
33,104.171
31,174,373
2,601.225
2,214,320
7,267.550
9,439,390
3.870,928
3,027,300
478.653
081,441
7,497.800
12.101.470
—
6,682,700
7.500.400
186.400
113,100
1,126,385
1,075,340
—
—
—
huluth
1905
1904
Minneapolis
1905
1901
K ansas City
1905
furnished in
—
—
11)04
Total oi
19,911,181 tons
alt
—
The Western
up
over 1901
'
6,953,343 59,594,092 94,511.056 66,174.902 22,940,881 1.809.359
7,997.894 68,069,682 86,076,351 71,531,011 23.235.103 3,1
1905
1904
1901 and 21,211,130 tons
which, however, the increase
3,147,300
3,054,300
—
f'i'vcland
This includes shipments of
of 1903.
1,820,200
1,573,250
2.320.300
3,070,050
672.35.J
1905
the tonnage of coal
tons, against only
roll
liK)4
and coke originating on the Pennsylvania Eailroad lines
east of Pittsburgh and Erie for the half-year to July 1 in
1905 were 21,775,772
G10 510
7.188,478 57,424,233 31,065,281 11,351,. ,53
5,392,732 42,650.140 33,389,389 10,308,425 1,141,868
17,191
i
Peoria
1905
1904
industry
(bush.)
[905.
seem to have suffered more than usual,
they had enjoyed exemption to a great ex-
the special activity of the
Rye.
(bush.)
827.205
—
The remark, however, does not
indication of the activity of
barley,
(bush.)
3,533,902
4,893,229
Bt. Louis
1905
1904
Toledo
tent from exceptionally severe weather.
An
Oats,
(bush.)
1905
1904
for
there the roads
while in
Corn,
(bush.)
—
Milwaukee—
apply to the systems west of the Mississippi
to
Wheat,
('Ms.)
1.
Chicago
unfavorable conditions, the weather the present year was
a decided improvement.
is
flour.
Uj
1
1905
1904
Canada, having
in
form
WESTERN FLOUR AND GRAIN RECEIPTS.
Jan.
July
been the worst ex-
example, and
in detail in our usual
portrayed in the following.
in
generation (many of the lines in
over a
in
it
was by no means a mild one;
r
of l!H).
but that of the previous year had
perienced
Western grain movement
less severe, at least
over the eastern half of the country, than
[Vol. lxxxi,
to that of the
movement
live-stock
previous
year.
also tailed to
Taking the
come
five chief
on the Pennsylvania was only 126,806 tons. On the markets together, namely Kansas City, Ciiic.igo, O.naha,
other hand, the shipments of anthracite to market over St. Louis and St. Joseph, the receipts of sheep for the
months were 4,263,593 head, against 4,036,209 head
ing only a small percentage of the total anthracite ship- in 1904; but the receipts of cattle were only 3,653,380
ments) increased heavily. The figures have been pub- head, against 3,723,730 head, and the receipts of hogs
six
the different roads (the Pennsylvania Kailroad carry-
all
making the total anthracite shipments 8,825,959 head, against 9,370,396.
Southern roads of course had a great advantage in a
for the six months to June 30 in 1905 30,716,997 tons,
In the early months planters
against 29,257,207 tons in the six months of 1901 and larger cotton movement.
31,881,952 tons in the six months of 1903. It is proper held back their cotton on account of the low price, but
to state that one special advantage existed in 1904 beginning with March the staple came forward with
which was not repeated in 1905. We refer to the great freedom. At the Southern outports the receipts
Louisiana Purchase Exposition, which opened May 1 for the six months reached no less than 3,429,448 bales,
1901 and added greatly to the passenger earnings of against only 1,782,828 bales in 1904 and 2,352,097 bales
The shipments overland were 814,289 bales,
in 1903.
many roads for the time being.
As far as concerns the influence of the grain ship- against 597,360 bales in 1904 and 715,149 bales in
lished this week,
1903.
ments, there seems to have been considerable irregularity
and in the RECEIPTS OF COTTON AT SOUTHERN PORTS IN JUNE, AND FROM
JANUARY 1 TO JUNE 30, 1905. 1904 AND 1903.
Bhipments to the different markets.
The wheat move-June—
Since January
ment, of course, as a result of the poor wheat crop the
1904.
1903.
1903.
1905.
1905.
1904.
Ports.
541.079
580,769
bales 91,971
903.476
Galveston
9,114
9,899
previous season, was considerably reduced, but the
874
100,763
623
177.161
47,143
Sabine Pass. &c
17.681
669,638
858,926
81.527 30,008 46,518 1.091,684
receipts of corn and of some of the other cereals
104,913
37.285
68,743
Mobile
10,772
2,536
1,337
recorded something of an increase.
In the following
35,52i
63.J68
11.225
772
89,056
52
229.722
361,873
80.877 12,804
4,730
655,788
we show the flour and grain deliveries at the seaboard.
26,838
61,981
46,527
11 283
72
v. — .
in the
I
movement over
the
different
roads
1
It will be seen that aggregate grain receipts
tire
present
year were 98,070,328 bushels, notwithstanding a large
lurther loss in wheat, as against an aggregate of
75,742,099 bushels
715,645 bushels in 1903.
smallest in
all
&c
Norfolk
Newport News. &c
1904, but comparing with 143,-
for
The
flour deliveries
were the
Total
With
recent years.
Jan.
July
!
Corn
6ats
Barley
Rye
Total grain
At
1904.
9,555,557
1903.
10,502,732
6,368
1,045
285,590
20,487
135,448
15,010
33,303
141
57.818
83
165.663
13.525
70.783
3.429.448
1.7S2.828
2.352.097
*- --
96
--
116
....
39,319
6,023
5.614
1.312
63.462
„
.
.-
the increase in earnings for
21.565,051
30,665,579
21.192.207
1,806,610
612.652
48,778,447
62,904,696
27.048,297
2,144,985
2.839.220
63.192.354
10,434.916
21,758.604
1.489,184
1.605,502
bush.98,670.328
75,742.099
143,715,645
prising to hear
1902.
10,166,348
bush.ll. 179,795
bush.59.811,462
bush.23, 463,474
bush. 4,019.355
bush.
196,242
Wheat
;
1905.
bbls. 5,087,027
1 to
Flour
346
27,796
52
.- --
3.428
6
8,485
88,480,560
that
in the
case
16.995
the half-year reach-
ing the large figures mentioned above,
GRAIN RECEIPTS AT SEABOARD.
1—
43,874
276
95,162
1.30 J
362,596
Port Royal, &c
Wilmington
Washington,
it
will not be sur-
of our general totals
February was the only month showing smaller earnings
In that
than the corresponding month of last year.
month Southern planters were holding back their cotton
in a marked way, besides which meteorological conditions
west of the Mississippi Eiver were very unfavor-
—
Western primary markets, likewise, there was able the weather in some instances being reported as
a falling oft in the wheat receipts, and, furthermore, the worst ever experienced in February and moreover
there was a contraction in the deliveries of oats, barley the month contained only 28 days against 29 days in
and rye, the only item showing an increase being corn, February 1904, and there was also a shrinkage in the
and that not in sufficient amount to offset the losses in live-stock and grain movement. All the other months
the other items.
In a word, the receipts of wheat, corn, show considerable gains in earnings. We give herepats, barley and rye combined were 245,120,287 bushels with a summary of the monthly totals, the figures for
in 1905, against 252,638,426 bushels in 1904.
The May and June being as yet incomplete.
the
I
1
—
—
)
.
July
THE CHRONICLE.
15, 1905.]
MONTHLY GROSS EARNINGS.
1905.
Roads
llonffts.
January
S
117
ttru&ry
US
rcto
11J.
kprll
Way
June
+ 7.S62.WM)
+ 12.743.311
+ 9.35S.551
+3,823,386
+ 3.177.641
U7.S87.817
44.543.71S
54.139.00j
BUM
—3,537.029
130.879.5-1'")
7,104
60.9iil. 184
3.01
9.73
7.35
that
July
six
mouths reach very large
gainfl lor
numerous
Corn,
Oats,
Parity.
(bush.)
(push.)
(bush.)
Kgn.
(bush}
4,800.407
528. 502
022.139
79.000
101.601
.sou
730., HO
705. 860
81s. 250
70.400
66.600
47,000
7.738
18,999
860
3.800
10,400
Chicago—
1904
551,594
732.438
299. uOO 14.349.697
831.618 14.064.549
1906
1004
207.200
157.900
468.160
438,480
236.650
171.000
186.080
114.875
739.102
680.291
.153
1,611 ,880
1,762,700
1.351.050
67.900
76,950
925.000
978,604
1,141. Mil)
23.900
26,500
68.545
177,768
488. S91
245, 'ss
311.759
345.52?
1004
6.443
65.S99
32.471
46.837
S70.110
1,218,860
933,511
616.051
1,088
1005
19J4
53.850
3S,4o0
34.400
37.000
1,232,000
1.028.200
1.063.600
970.000
66,800
70,200
20.V.O0
428.000
129.800
249,907
949.369
11S.716
157.560
80.359
76,416
1.869
14.414
634.850
376,730
88,880
60.290
2.907,287
2,312,673
210,087
300,204
1906.
M iticuukct—
—
6.970. S74
1.
da
1005
1001
Pennsylvania
leading with an increase of $0,501, ol)0 and the figures
1904
Cleveland
634.100
iHtroit—
proportions
in
covering only the
live
instances, the
months
May
to
All parts
31.
ol
improvement, as may be seen
from the following, showing all changes for the six months
and the five mouths separately for amounts in excess ol
the country share
in
the
'§100,000.
will be observed that while the increases
It
aud numerous the decreases are very few,
[comprising barely halt a dozen roads, most of which have
are
large
PRINCIPAL CHANGES IN GROSS EARNINGS FOR
1904
Illinois Central
&
Nashville.
Denver & Rio Grande.
& Southern..
A So. West..
BuS. Roch. & Tilts..
^Colorado
Bt. Louis
Texas
460,799
408,437
370,300
300,094
271,911
231,797
220,062
214,110
<Sc
Ind. & Louis
fPul. So. Sh. & Atl
,.Chic.
174,866
169,805
Pacific.
Cleve. Cin. Chi. ASt.L.
it
Wabash
Virginia
&
So.
A.N.O.&T.P.
Iowa Central
132,770
114,904
138,166
103,529
West
(3 rds.)_
Total
(representing
37 roads)
...$22,180,04S
Decreases.
Missouri Pac. and Cent.
Bch. (2 roads)
Nash. Chatt. &St. L__
Chic. Gt. Western
$520,218
256,168
103,200
Total
(representing
(4 roads)
PRINCIPAL CHANGES IN GROSS EARNINGS FOR
.
li»4,'i-19
Central of Georgia
Gt. Nor..
Canadian Northern
Cin. N. O. & Tex. Pac.
Wheeling & Lake Erie.
Winn. & St. Louis
Internal.
Miss. Valley..
1,71
Lake Sh. & Mich. So..
Southern Railway
Mo. Kan. & Tex
Gr.Tr.ofCan.(3rds.).
5
8879,580
MONTHS.
1 ncrcciscs
Perm. RR. (2 roads). .aS0,504, 500
2,103,530
Bait. & Ohio
2,014,022
1,901,345
1,590,800
1,384,504
761,629
098,395
000,702
054,312
045,272
038,084
501,088
509,106
437,700
406,343
382,572
'Southern Pacific
•Union Pacific
fhila. & Readinjr
jChlcago <t Nor. West..
r
Chlc. Mil. & St. Paul..
Norfolk & Western
Bt. Louis & San Fran..
Lehigh Valley
Central of New Jersev.
SAtch. Top. & Santa Fe
Atlantic Coast Line
Chesapeake
Phila. Bait.
& Ohio
& W
Long Island
.
Erie
&
Increase s
Chic. St. P. M. &
Seaboard Air Line
Rock Island Sys
N. Y. Ont.
O..
$307,577
292,033
241,071
213,781
164,039
129,500
129,167
& West
Hocking Valley
Ft. Worth & Den. City
Atlantic & Birmingham
Total
(representing
25 roads)
$23,338,392
DcCVBd ^cs
$392,450
148,997
Chicago & Alton
Peoria & Eastern
Total
(representing
2 roads)
$541,447
a Covers the lines directly operated both east and west of Pittsburgh
Erie.
We
month
have
left
ourselves
6,296.970
4,574,380
little
254.820
243,380
2.100.570
1.762.720
1.289,000
061,370
1.390,000
1.048.700
415.200
387.300
..
—
8,535.545 21.598,260 15.213.6S9
8.771.903 20,820.252 11,850.415
1,466.067
..1,284,812
space for a review of the
larger
movement
June
treated by
Mileage.
Yr.
-pre-*
Gross Earnings.
Given.
Yr.
1
Jb97
1891
-
•
1•
1901
1.
190/1
l'j
iyoi
We
Hit.
lis
115
125
117
107
97
61
71
C9
5S
ceding.
MU.
Mites.
88,761
'JO. 139
.
89.249
90,703
97.221
98.375
95.337
97.010
85.55)
95.013
81.192
93.004
94.04S
83.996
93.013
79.345
Increase
%
0.55
0.62
1.05
6.60
2.51
3.15
1.85
2.15
3.01
2.32
Year.
Given.
t
36,526,906
36,55S,554
42. 2 17,55s
46,170,085
50.104.955
51.573,897
50,238,273
61.930.417
54.682.684
54,139,005
S
34,140,240
151,840
39,63
40.4Mj.01 5
46 .051, 607
47.975.122
46,882.292
51.315.982
55.193,667
50,961.464
or
ase.
(
4-2.386.72fl
4-306,71
2.5S1.741
4-5.690,070
4-4.053.348l
i
+
—
receipts of sheep
On
—
—.Neither the earnings of the Mexican roads nor the mining operations ot
roads are Included In this table.
liir.hracite coal
The
movement over Southern roads was much
heavier than in 1904, as we have already seen
the recotton
—
ceipts at
which
two
is
with
systems
The grain movement at the West
jras also considerably larger in June despite a small
.falling off in the deliveries of wheat
The details arc
jhoun in the annexed table.
the
head.
trade conditions were quite
June,
circumstance
a
the lact that our table shows only
in
reflected
decreases
excess
in
$30,000,
of
namely the Wabash and the Grand Trunk of Canada,
both of which presumably suffered a large diminution of
the special traffic
which the Louisiana Purchase Expo-
sition furnished in
the
of instances
account of the absence of
revenues on
their passenger
1904.
roads
is
present increases follow decreases in
1905 gross
on some of the
Xew York
Thus the
a really phenomenal one.
Central, with
number
that in a
true
It is
1904, but the record of improvement
no increase in mileage, reports
against only
of $7,053,801,
tor
June
$5,893,370 in
June 1901.
PRINCIPAL CHANGES IN GROSS EARNINGS IN JUNE.
Increases.
2?iCT€(.lSCS
Gt.Nor. Sys. (2rds.)___
Northern Pacific.
&
St. Louis
Chic. Ind'polis & Louis.
Bull. Koch. & Pitts
Cin. N. O. & Tex. Pac..
Minn.
$031,823
502,487
376,422
223,384
178,114
163,534
157,127
154,400
121,886
91,300
81,133
80,381
79,902
70,488
65,796
61,755
N.Y.C.& Hud. River..
Internat. & Gt.
Duluth So. Sh.
Nor
&
Atl...
$58,652
48,972
42,979
47,820
36,904
32,513
(representing
Total
27 roads)
83,307,772
Decreases.
Gr.Tr.
of
Can.(3rds.)_
1148,572
Wabash
9-1,159
(representing
Total
$242,731
(4 roads)
we furnish
June earnings
analysis,
following
the
of the leading
roads arranged in groups iu our customary way.
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
1905.
1
4.305,000
592.942
212,745
3.120.343
199,028
240,69b
Not
liicluJlut
.St.
June.
t
Ool. 1
A
01
3.179.971
682,
!.
273.093
253.4.'.",
8,647,647
175.071
8,196,400
1901.
S
2,702,177
007.120
210.940
...O-'O
207,
$
17.760
553.501
2.i.
2.11
30'
53-
.732
8,605,925
4,241!
1900.
1/,
840,296
25<.
Du.utti
1.5I7.U0O
A Ot, .\.
it. K. A r...
Int.
-i. L. B.
45i
.-ol
15.277
898,489
o37
.500
•114.990
1902.
*
1901.
$
684,404
1
493,041
1
774.687
1,172 754
7.7&1.-HJ
t
375.111
1.372.413
1.201
461.
.OoS
1900.
0,01
421
1,01
77N.;.r.i
b.
437
rH WESTERN
65.
Pac..
!
your.
1.897
l.41( .797
\\__
In tlil:
1804.
*
57..'
•
4,152,010
,818
4.074.1,51
EARNINGS of
4
S
501.
Paul
1905.
Tax,
1902.
S
14.091.877 13.300.904 13.b94.93S 11,868,749 RUk.5.019
Total
•
1903.
1904.
June.
$
Can. 1'acUlc. 4,o7ti,000
GUI. tit. \\c-._
015.979
Dul.S.S.AA 245.25s
Gt. Nor. Sys. 3,75.
Iowa Central.
227,0t*
Minn. A .si. L
299.245
.AaBif.
736.138
Nor. Pacific.. 4.151.073
!!.(._
against 14, 058 bales.
and
traffic
present year in
the
the Southern ports having been 302,590 hales
June 1905, against only 63,462 hales in June 1904,
and the shipments overland having been 82,809 bales,
in
much
which at
557,311 head, against 595,797
the whole,
favorable
6.99
0.84
6.61
14.06
8.80
+8,698.775 7.60
4-3.355.981 7.16
4-7.61 1.1
510.9s3i 0.92
4-3. 177.5411 6.23
of a
head, and
were only 021,388 head, against 058,700
%
$
June
the five principal Western markets aggregated 1,552,033 head, against only 1,343,212 head in June 1904.
However, the receipts of cattle at the same markets
six-year comparisons of the
Year
Prueding.
benefit in
of live hogs, the deliveries of
itself.
June.
Year
had the
also
Our early table last Southern Railway
Louisville & Nashville..
year, comprising substantially the same roads embraced M. St. P. & S. S. M
St. Louis & So. West...
the present year, showed $510,983 loss.
The present Denver & Rio Grande..
Colorado & Southern...
year we have a gain ot $3,177,541, or 6-23 per cent. Canadian Northern
Mo. Pac. & Cent. Bch..
"With the exception of 1904, June has recorded large Central of Georgia
Wheeling & Lake Erie..
gains year by year all the way back to 1890, which is A.N.O.&T. P.(3rds.)_
Texas & Pacific
Mobile & Ohio
made plain in the following.
To complete our
of
10.400
Kansas Cily1905
1904
Western roads
$211,414
& Ohio
1,142,759
1,027,851
998,744
997,517
869,236
735,110
704,390
003,231
567,294
538,134
gaiuuliaii Pacific
[.St. P. &S.S.M
Louisville
Yazoo &
—
1004
Incr
Michigan Central
Mobile
.026
.MONTHS.
Inc:
S2.771.417
N.V.C. &Hud. Riv_. 2,716,760
2,65!
Gt. Nor. Sys. 2 rb%.)„
inruapolis
1905
1904
6
1
Diditth—
Total of all
suffered from special causes.
Northern Pacific
—
Peoria —
»'
.
Wheat.
(bush.)
(bbls.)
1.
lor the separate roads or
the
Hour.
6 it**, ending
St. Louis
AYe need scarcely say
systems the
187
WfSllKS FI.OUK AND GHAIN RECEIPTS.
Increase ( + ) or
Decrease.
$
J'.r.
1904.
S
119.220.07S
117.252,135
127.073.058
113.714.506
143.623,857
136.598.898
110
,
1
i
\.
003.138
.'ill
T~£)J
0. 401. 240
THE CHRONICLE.
18S
EARNINGS OK MIDDLE AND MIDDLE WESTERN GROUP.$
154,611
731.809
483,882
Chl.Ind.&L.
Or.Tr.of C. )
Gr. Tr.
W.>
$
169,606
688.830
434,910
2,993.334
June.
Ann Arbor
Butt.R.&P.
1904.
3,141.906
D.G.H.&M)
Central.. 4,006.617
111.
N.Y.C.&H.Rt7.053.861
& W.
Tol. P.
107.922
305,321
1,924.024
446.636
T. St.L.&W.
Wabash
Wh.&L.E..
4.024.226
6,651,374
110,043
278,083
2,018,183
366.634
•
•
1902.
1901.
1
137.482
632.721
360,692
1,947.649
352,802
91.816
2.910.434
6,893.370
89,648
200.362
1,427.938
251,480
t
148.683
491.145
353.357
1,853,046
357.019
75,605
2.771.759
4.614.752
92,087
148.236
1.310.139
242.555
$
146.124
612.482
391,151
2,095,034
333.617
82,267
3.300.318
6.907.731
104.818
202,192
1,515,621
330.632
174.967
707.720
436.408
I 2.486.198
<
458,522
98.974
(
4.087.661
C.724.770
111.178
195,952
1.709.906
423.443
18.207.817 17,783,795 17,615,599 15,021,987 14.202,194 12,458.883
Brook System, the Beech Creek RR. and the Wallklll Valley RR.
ncluded lor all the years, and Boston & Albany for all the years except 1900.
Total
t
The
Kail
EARNINGS OK SOUTHERN GROUP.
1904.
1905.
June.
$
271.938
Ala. Gt. &>..
748,764
Cent, of Ga..
621,706
C.N.O.&T.P.
Lou. & Nash. 3.159,985
688,961
Mobile & Ohio
N.'Ch.&St.L. 837.372
Southern Ry. 3.710,935
Yazoo&M.V. 557,998
1903.
$
260,886
668,383
673.8S6
2,981.871
627,206
862,895
3,487,551
564,771
10.597.659 10,027,449
Total
1902.
$
249,459
669.156
593,150
1901.
1900.
$
195.365
558,864
610.601
2,662.200
538,395
726,510
3,034,832
446,460
9,906,585
8.673,227
$
154,070
407.600
411,576
2,177,311
463.238
535.666
2,578.014
317,161
170,145
477,100
440,579
2,271,180
481,026
532.264
2,698,626
362.842
7.433,762
7.044.636
GROSS EARNINGS AND MILEAGE IN JUNE.
Gross Earnings.
Name
o]
Increase or
Decrease.
1905.
1904.
271,938
260,886
Central of Georgia
237,665
99,631
102,280
154,611
5,634
731,809
149,516
388,900
4,376,000
748,764
Chattan. Southern
Chic. Great Western...
Chic. Ind. & Louisv...
Chic. Terminal Trans..
Cin. N.Orl. & Tex. Pac
Colorado & Southern..
Denver & Rio Grande..
Dul. So. Sh. & Atl
Georgia So. & Florida..
615,979
483,882
138,864
621,706
572,583
1,517,900
245,258
130,697
180,277
90,687
98,124
169,606
4,653
688,830
138,129
297,600
4,365,000
668,383
9,239
592,942
434,910
130,656
573,886
450,697
1,363,500
212,745
134,148
2,993,334
3,141,906
Ala.N.O.&Tex. Pac—
N.Orl. & No. East..
& Vicksburg
Vicks.Sh. &Pac
Ala.
Ann Arbor
Belief onte Central
Buff. Roch. & Pitts...
California & N.
W
Canadian Northern
Canadian Pacific
Grand Trunk of Can. )
Grand Trunk West >
Det.Gr.Hav. & M)
Gt.No
— St. P. &M.M.
Montana Central
Gulf
&
Illinois
Illinois
Ship Island
Central
Southern
Internat. & Gt. Nor...
Iowa Central
Louisville & Nashville.
Macon & Birmingham.
Manistique
Mineral Range
Minn. & St. Louis
M. St. P. & S. S. M__
Mo. Kan. & Texas
Mo. Pac. & Iron M't'n.
Central Branch
Mobile Jack. & K. C,
incl.Gulf
Texas Central
Texas & Pacific
Tex. Sab. Val.& N. W.
Toledo Peoria & West.
Toledo St Louis & West,
Virginia & So. Western
.
Yazoo &
.
& Lake
Wheeling
Erie.
Miss. Valley..
Total (58 roads)..
Mexican Roads
Interoceanic of
—
Mex.
Mexican Railway
Mexican Southern
Nat.RR.
10,161
3.560,945
191,221
164,289
4,006,517
26,432
451,900
227,018
3,159,985
8,753
14,112
60,419
299,245
725,138
1,398,180
3,170,919
142,859
&Chic.Div.
Mobile &Ohio
Nash. Chat. &St.L...
Nev. Cal. & Ore.
N. Y.Cent. & Hud. R..
Northern Pacific
Rio Grande Southern..
St. Louis Southwestern
Southern Indiana
Southern Railway
Wabash
of
Mileage.
Road.
Alabama Gt. South'n..
d37,198
688,961
837,372
21,041
7,053,861
4,451,073
30,780
715,026
106,748
3,710,935
58,485
805,220
9,000
107,922
305,321
66,460
1,924,024
446,536
557,998
2,933,517
186,826
146,378
4,024,226
25,161
414,996
199,026
2,981,871
8,929
8,115
55,321
240,593
561,604
1,410,797
3,119,183
113.462
d29,811
627,206
862,895
19,964
6,551,374
4,074,651
38,646
657,899
103,305
3,487,551
37,034
739,424
10,000
110,043
278,083
47,181
2,018,183
366,634
564,771
1905.
1904.
+ 11,052
309
309
+ 57,388
+ 8,944
+ 4,156
196
143
189
—14,995
292
27
553
205
195
143
189
292
27
+ 981
+ 42,979
+ 11,387
+ 91,300
+ 11,000
+ 80,381
+ 922
+ 23,037
+ 48,972
+ 8,208
+ 47,820
+ 121,886
+ 154,400
+ 32,513
1,876
8,568
1,878
105
1,350
8,183
1,878
105
818
929
591
102
336
—3,451
395
+ 627,428
+ 4,395
+ 17,911
—17,709
+ 1,271
+ 36,904
+ 27,992
+ 178,114
—176
+ 5,997
+ 5,098
+ 58,652
+ 163,534
—12,617
+ 51,736
+ 29,397
+ 7,387
+ 61,755
—25,523
+ 1,077
+ 502,487
+ 376,422
—7,866
+ 157,127
+ 3,443
+ 223,384
+ 21,451
+ 65,796
Ann Arbor
5,701
250
280
250
261
4,357
137
4,374
137
1,159
558
4,039
558
3,865
97
64
140
642
1,876
3,042
5,849
1,629
2,991
5,718
388
388
257
926
257
912
1,226
144
3,515
5,617
1,201
227
1,827
58
1,767
58
+ 27,238
+ 19,279
—94,159
+ 79,902
248
451
134
2,516
469
—6,773
1,211
248
451
134
2,486
469
1,175
—1,000
—2,121
2/69,171
j/64,262
995,336
936,472
+ 4,909
+ 58.864
Road.
1905.
1904.
1905.
Increase.
,
Decrease.
180
736
321
263
736
321
263
1,813
1,577
+ 10,700
1
1904.
S
month
TO JUNE
in
both
S
S
92,495
1,331,224
642,644
670,512
903,659
1,163,432
643,042
699,740
914,247
2,696,682
Southern
Ind. 111. & Iowa..
International & Gt. Nor..
Iowa Central
Lake Erie & Western
Lake Shore & Mich. South.
18,166,097'
18,972,291i
Nashville
Macon & Birmingham
58,458
41,595
Manistique
Michigan Central
Mineral Range
Minn. & St. Louis
Minn. St. P. &S.S.M...
10,676,886,
337,217
1,486,8461
4,011,215
9,123,586
19,072,420
765,973
4,008,495
4,936,211
96,679
39,189,563
23,729,503
Mo. Kan. & Tex...
Mo. Pac. & Iron Mountain
Central Branch
Mobile & Ohio
Nash. Chatt. & St. L
Nev. Cal. & Ore.
N. Y. Central & Hud. R...
Northern Pacific
Rio Grande Southern
Rutland RR
St. Louis Southwestern
Southern Indiana
Southern Railway.
Texas Central
Texas & Pacific
Tex.Sab. Val.
221,8671
1,139,614
4,122,766
644,507
23,097,134
351,353|
5,606,596
65,789
591,677|
1,728,600
377,950
10,879,786
2,245,086
4,034,573
&N. W...
Toledo Peoria & Western.
Toledo St. Louis & West..
Virginia & Southwestern.
Wabash
& Lake Erie
Wheeling
Yazoo
&
Miss. Valley
Net increase
(6"
Mexican Roads
25
460,799
18,717
376,300
1,765,053
174,866
2,262
103,200
226,662
22,417
300,094
154,978
667,294
603,231
214,110
12,308
57 p. c.)._
— (Not
uded
incl
Interoceanic of Mexico...!
Mexican Railway
Mexican Southern.
Nat. RR. of Mexico
37",366
"45,411
735,110
T9",182
147,828,
838,055
2,405,442
1,160,693
2,325,228
17,138,246
18,267,901
59.126
35.962
10,465,472
299,707
1,255,049
~~87~,227
408,437
103,528
47~,374
l,"027",85i
704,390
"""668
"~~5~,
633
211,414
37,510
231,797
2,868,450, 1.142,759
8,126,069
997,517
19,555,361
803.250
3,813,822
194,673
5,192,379
81,534 ""is", 146
36,472,803 2,716,760
20,955,086 2.774,417
219,424
2,443.
1,084,963
54,651
3,584,632
538,134
617,482
27,025
22,098,390:
998,744
304,216,
47,137
5,436,791
169,805:
73,270
652,329
1,664,4761
64,124
263,046,
114,904
10,747,016
132,770
1,973,175
271,911
3,839,624
194,949
482,941
37,277
2 56", 168
7,481
60,652
351,220,878 329,560,972 22,766,933 1,107,027
21,659,906
T^ Total (63 roads)
'
i
in tota is.)
3,205,394
(23,021,600
2/588,182
-
64,733
51,600
3,270,127
d3,073,200
6,094,966
2,892
195,499
2/585,290
5,199,467i
These figures are down to the end of the third week of June only.
d Figures are for Jan. 1 to June 24.
2/
ROADS REPORTING FOR FIVE MONTHS.
Jan.
1 to
Atch.Top.
May 31.
& Santa Fa
Atlantic & Birmingham
Atlantic Coast Line
Bait. & Ann. Short Line
&
Ohio
Bangor & Aroostook
Bridgeton & Saco River
Buffalo & Susquehanna
Baltimore
Central of
Cornwall
Cornwall
167.792
398
29,228
10,588
1905.
& Lebanon
Detroit & Mack
Det. Tol. & Ironton
Erie
Fairchild & Northeastern
& Powhat
Ft Worth & Den City
Fonda Johns. & Gl
Farm.
.
.
Georgia
Hocking Valley
Kanawha &
Michigan
Kansas City Southern
Lehigh Valleys
Lexington & Eastern
Long Island
Louisiana & Ark
Manistee & Nor. East
& Penna
Nevada Central...
Maryland
N. Y. Ontario & Western. .
N. Y. Susq. & Western
Norfolk & Western
Northern Central
Ohio River & Western
Penn. RR. Lines directly
operated
East of Pittsburgh & Erie.
FWest of Pittsburgh & Erie.
Peoria & Eastern
Phila. Bait. & Wash
Philadelphia & Readings. _.
Raleigh & Cape Fear
Rich. Fred'ks & Pot
Rio Grande Junction
Rock Island System
1904.
Increase.
27,880,146' 27,241,462!
412,036
282,869!
9,665,364
9,103,676
65,623
73,152
27,377,161 25,273,631j
913,962
872,371
al3,442
362,044i
8,656,065!
7,910,244
012,391;
9,301,337!
8,419,410
3,999,518
19,022,107
21,111,351
4,435,917
101,519
0192,714
62,253
132,088
415,989
547,888
17,644,327
15,979
32,315
962,921
259,530
994,916
2,188,599
707,557
2,715,916
12,484,259
190,686
2,744,212
356,731
•[al57,578
124,346
114,896
2,757,257
1,179,580
10,140,103
4,062,392
a56,429
01,767,862
Decr'se
638,684
129.167
561,688.
7,529
2","l"03",536
41,591
;
452,633
New Jersey
Chesapeake & Ohio
Chicago & Alton
Chic. Mil. & St. Paul
Chic. & Nor. Western
Chic. St. P. Minn. & Omaha
Columbia Newb. & Laurens.
Copper Range
—
Decrease.
1.535,244
Central
&
869,236
15,692,142
1,230,071
883,558
22,798,754
Pacific Coast
30.
Increase
1,627.739
& Ship Island
Louisville
15,510,087
18,388,824
1,199,371
928.969
23,533,870
128,646
925,282
2,813,879
1,264,221
2,277,854
Montana Central
Illinois
Illinois
*
Mil. }
Gt.Nor.—St.P.M.&M
Gulf
29.455
3,487,200
645,127
1,396,800
21,510,779
4,473,934
55,445
3,724,777
2,460,867
727,829
3,338,815
9,999,822
2,429,195
7,421,688
1,121,545
835,474
16,379,323
Canadian Northern
Canadian Pacific
Central of Georgia
Chattan. Southern
Chicago Gt. Western
Chicago Ind. & Louisville.
Chicago Terminal Trans..
Cin. N. Orl. & Tex. Pac.
Clev. Cin. Chic. & St. L.Colorado & Southern
Denver & Rio Grande
Dul.So.Sh. & Atl
Georgia Southern & Fla
Grand Trunk of Can..
Grand Trunk Western
&
I
*
29,480
3,947,999
663.844
1,773,100
23,275,832
4,648,800
63,183
3,621,577
2,687,529
750,246
3,638,909
10,154,800
2,996,489
8,024,919
1,335,655
823,166
Belief onte Central
Buff. Roch. & Pitts
California Northwestern..
1,159
97
64
140
785
—56,712
& Nor. East
Vicksburg.
Vicksburg Sh. & Pac...
&
5,701
in total S.)
$
N.Orl.
578
395
227
541,464
a344,100
GROSS EARNINGS FROM JANUARY
Ala.
1,121
2,398
1,308
172
7,203
484,752
a354,800
Mex
Ala. Gt. Southern
Ala. N.O.& Tex. Pac.
336
1,120
2,398
578
144
3,490
5,610
180
1,308
172
7,188
Figures here given are for three weeks only of the
years; fourth week not yet reported.
d Figures are for three weeks ending June 17.
a Figures are for four weeks ending June 24.
o]
591
102
—148,572 4,085 4,085
2/
Name
500
205
54,139,005 50,961,464 +3,177,541 81,192 79,345
Not includ ed
Road.
of
Det. Gr. Hav.
$
3,058.988
531,974
877,676
3,359,402
566,780
Name
1900.
1
1903.
1905.
[Vol. lxxxi.
1,051
"9b",589
645,272
509,166
!392',450
4,391,968)
18,260,478
"7~6~l",629
19,726,787, 1,384,564
307,577
4,128,340,
96,011
5.508
al41,664
51.050
35,931
41,551
12,039
249
382,572
26,322!
90,537,
403,9501
547,639
17,261,7551
17,033
1,054
3,973
36,288
833,421
245,253
1,
,009,265
2,024,560,
634,411!
2,699,135
11,829,947
176,655
2,337,869
330,989
0150,577
113,791
7,915
2,543,476
1,129,618
9,441,748
3,985,592
a61,788
al, 691, 042
129.500
14,2771
14,349
"
164,639'
73,146
16,78ll
654,312
14,031
406,343
25,742,
7,001
10,555
6,98l!
213,781
49;962
698.355:
76,800
"""76",826
5,359
9
m
50,916,917
46,918,117
29,505,700: £27,000,000
1,090,106,
1,239,103
5,803,994'
5,366,294
15,832,906 14,236,106
al6,257
al5,010
728,626 •'688,673
al58,959
'al63,869
16.849,020 •16,607,949
•"•
3,998,800
2,505,700
148,997
•
•
•
437,700
1,596,800
1,247
39.953
•
4,910
241,071
——
July
Jan.
1 to
1905.
31.
1904.
S
St. Jos.\fc
St. Louis
Grand Island
Francisco.
>t S;m
including Chic.
&
E.
A
$
Decr'se
$
14,032,411
6,663,454
36.175,726
1,263,980
290,185
20,670,475
1 ,368,828
63.089
2,472,533
71,891
$
14.360
527,723
14.693,113
111...
5365,487
38.189,748
1,265.362
270, SO'.)
22,671,820
1,414,728
63.399
2,564,388
74.7S6
Tennille
Total (62 roads)
Net increase (O'lS p.
Increase.
513,357
Seaboard Air Line
Southern Pacific Co
Toledo & Ohio Central
Toronto Ham. A BuiTalo
Union Pacific System
West Jersev & Seashore
W'msport A North Bch
Wisconsin Central
Wrightsville
•
THE CHRONICLE.
15, 1905.]
May
—
1
660,702
292,033
2,014,022
1,901,345
45.900
—
incl tided in tota Is.)
11,381,061
2.717.159
11.3S0.4SS
2. 989.
—The public sales of bank stocks this week aggregate 93
which 69 shares were sold at the Stock Exchange
and 24 shares at auction. No trust company stocks were
sold.
The auction sales include the stocks of several Brooklyn banks, two of which are rarely dealt in, the last previous
sale of the]Brooklyn Bank having been made in March 1900
and of the Nassau National Bank in March 1901.
Last previous sale.
Shares.
Price.
BANKS Xcw York.
205-206
of
BAXKS
April
Mar. 1900
June 1904
Mar. 1901—
1905—
205
391
Brooklyn.
Brooklyn Bank
2
June 1905—
381H
131-
Commerce, Xat. Bank
Exchange Bank
4 Corn
13 Mechanics" Bank
5 Xassau Xational
245
416
Bank
110
280
350K
z Sold at the Stock Exchange.
—
The Mercantile National Bank, 191 Broadway, of which
Mr, Frederick B. Schenck is President, will move from its
old landmark on the southeast corner of Broadway and Dey
street across the way to the Western Union Building, 195
Broadway. Here the institution will occupy the entire
main floor and the adjoining annex at 12 Dey street after
the offices are remodeled.
In recent years the Mercantile
National has been at a disadvantage for sufficient accommodations to keep pace with its needs. It has now been
decided to sell the bank's old site at 189 and 191 Broadway
'nstead of rebuilding.
In the Western Union Building
every department of the bank will be situated on the same
floor.
—In our editorial
last
week we
called attention
New York
trust com-
panies for the past two years.
One illustration of this is
furnished in the subjoined table, indicating the growth of
the Guaranty Trust Company of New York.
Surplus
Jane 30 1905
Dec. 31 1904
June 30 1904
Dec. 31 1903
Oross
Aggregate
Capital.
& Profits.
Deposits.
Resources.-
S2.000.000
2,000,000
2,000,000
2.000.000
$5,709,818
5,507,196
5,125.855
5.102.577
$67,966,612
59.416.126
41,257,091
33,222.814
$75,879,278
66.982,866
48,473.899
41,018.720
The foregoing shows that
deposits have
more than doubled
the past eighteen months, having risen from $33,222,814
$67,966,612; aggregate resources have advanced from
$41,018,720 to $75,879,278. The management consists of
John W. Castles, President; Oscar L. Gubelman and A. J.
Hemphill, Vice-Presidents; William C. Edwards, Treasurer;
E. C. Hebbard, Secretary; F. C. Harriman, Assistant Treasin
to
in deposits of the
Real Estate Trust
Henry
Company
C.
Swords
incorporation in 1890 has been quite
noteworthy. The amount on June 30 1905, at $10,420,000,
compares with $5,427,000 on June 30 1900 and but $3,078,000 June 30 1895. The institution has a capital of $500,000
its
and surplus and undivided profits of $659,261.
gate resources are $11,622,810.
The aggre-
—The members of the New York State Bankers' Associaannual convention this week, held at the Hotel
Frontenac, Thousand Islands, were provided with an especially2 attractive program, as noted last week, when the list
Among the latter was ex- Assistant
of speakers was given.
Attorney-General of the United States James M. Beck, who
spoke on the subject of "Moneyphobia." Mr. Beck dealt at
length with his theme and pointed out that no charge is more
"No people
false than that we are a money-loving people.
of any time or any clime ever cared less for money when
earned than we. To achieve, rather than to acquire, is our
ambition. We undoubtedly seek larger fortunes than our
fathers, but this is not only due to our larger needs, caused
by a more complicated and refined civilization, but also and
principally to a finer recognition of our moral responsibility
toward those dependent upon us." Mr. Beck also well said
that no man can acquire wealth by honest methods without
becoming serviceable to his fellow man, for in the very acquisition of money the adaptation of our energies to the social
machinery of modern life is a necessary incident. Legitimate money making necessarily involves human service,
and every man who has amassed his fortune by constructive
achievement, such as the building of railroads or development of mines, has in a far greater degree enriched the pubtion, at their
lie.
columns
to the large increase in business of the
Date.
of their funds.
(30 Nassau Street), of which
President, since
is
ITEMS ABOUT BANKS, BANKERS AND TRUST COS.
z 69
New York
of
Rough approximation
shares, "of
—The growth
271,987
to April 30 in both years.
only.
x Does not include operations of Coal Company.
it
employment
Farmers' Loan & Trust Company, 16-22 William
Street, this city, has leased tlte building No 475 Fifth Avenue, opposite the new Public Library, which it will occupy
as an uptown branch.
1,473
146
months
a Fisrures are for four
baud, of
—The
23,559,17;.
Mexican Ponds (Not
Mexican Central
Mexican International
Co.;
for the profitable
310
81,856
2,895
404,449,371 380.S90.196 24,172,499 613,324
c.)
Gordon Macdonald, of Speyer & Co.; Qustave MiniMirabaud & Co.; Louis Monnicr, of Neuflize &
Kmile Odier, of Lombard, Odicr & Co.; Geneva; Norman B.
Ream, of New York, and Felix Vernes, of Vernes & Co.
It is believed that the time is ripe when French Investors,
&
through the medium of such a concern as the Societe Financiere Franco-Americaine, will consider American securities
,382
1
189
Charles H. Sab in, the Vice-President of the National ComBank of Albany, in his address as President, alluded
to the growth in numbers of trust companies, and suggested
mercial
they be invited to become members of the association.
"Membership with us," he stated, "in these agreeable gatherings would surely result in better understandings which
would be for our mutual protection and our common advantage." The election of officers for the ensuing year resulted
as follows:
President, Alfred H. Curtis, President of the
National Bank of North America, New York; Vice-President, Eliott C. McDougal, President of the Bank of Buffalo, at Buffalo; Treasurer (re-elected), David Cromwell,
President of the First National Bank of White Plains, and
Secretary (re-elected), E. O. Eldredge, Cashier of the Owego
National
Bank
of
Owego, N.
Y
.
—The
Mechanics' Bank of Brooklyn reports deposits on
1905 of $15,327,484, representing a gain for the
urer; Max May, Manager Foreign Department, and R. C.
year of about four-and-a-half million dollars, the amount
Newton, Trust Officer.
In June 1903
June 1904 having been $10,870,102.
The Guardian Trust Company will occupy the large deposits of $7,186,304 were recorded, and in June 1902
corner offices of the Broadway-Maiden Lane Building at $5,375,483.
Within the last few months the bank took
170 Broadway as soon as alterations are completed. The over the Sprague National Bank, which is now operated
change is necessary owing to the institution's present cramped as the Central Branch of the Mechanics'. Other branches
quarters and growing business.
Its deposits increased 33 1-3 conducted by the latter are the Fifth Avenue Branch, at
per cent in the last four months.
Fifth Avenue and Ninth Street; the Schermcrhorn Branch,
and the
The Societe Financiere Franco-Americaine, projected 'n Schermcrhorn Street near Flatbush Avenue,
by Speyer & Co. of this city, and by the Banque de 1' Union Twenty-sixth Ward Branch, at Atlantic and Georgia avenu
Chauncey is President; J. T. E. Litchfield,
Parisienne of Paris, for the purpose of introducing American George
Horace C. Du Val and Charles G. Balmanno, Vice- Pi
securities in France, has been organized with a capital of
The bank's comdents; and Charles E. Wheeler, Cashier.
50,000,000 francs.
Frederic Mallet, of Mallet Freres & Co.,
The main office is
has been selected as President, and James Speyer will be bined capital and surplus is $1,788,372.
The at Montague and Court streets.
Vice-President and head of the New York committee.
In the six months since December 31 last the City Trust
other directors are: Georges Heine, of Heine & Co.; Adrian
Ita deposits,
Iselin Jr., of A. Iselin & Co.; Robert Jameson, of Bottinguer Company of Newark has further inJuly
1
—
—
W
—
I
THE CHRONICLE.
190
[Vol. lxxit.
which now amount to $882,448, against $424,831 January 1 dent of the German-American Bank of Baltimore. Alex1904.
The surplus and profits now (Juno 30) stand at $31,- ander Y. Dolfield, the retiring President, was one of the char044-, against $26,369 December 31 1904 and $15,157 January ter members of the institution, and advanced from the cash1 1904.
The capital stock paid in is $100,000. Cyrus Peck iership to the presidency about four years ago. J. Edward
Dukcr, Edward D. Booz and J. George Lamp have been
is the President and Charles G. Colyer is Secretary and Treaselected to the Board of the bank to succeed Dr. Albert H.
urer.
Receiver Schofield, it is said, announces the payment of King, deceased, and Alexander Y. Dolfield and George Guna final dividend of llj^ per cent to the depositors of the First ther Jr., the two last named declining re-election!
—
National Bank of Asbury Park, N. J. With the 85 per cent
previously paid, the total payment reaches 963^ per cent.
—
The board of directors of the First National Bank of
Albany, N. Y., was enlarged last Saturday by the election
Ex-Congressman
of the following seven as members:
Martin II. Glynn, George P. Hilton, H. W. Somers, George
P. Russell, George C. Van Tuyl Jr., Secretary and Treasurer
of the Albany Trust Co.; Edgar Van Etten, Vice-President
of the Boston & Albany RR., and W. A. Huppuch, VicePresident of the People's National Bank of Sandy Hill,
N. Y. Places for nine new directors were made in an
amendment to the by-laws voted by the stockholders last
month, increasing the membership of the board from 11
Two vacancies therefore still remain to be filled.
to 20.
—The ordinary depositor should find of interest a booklet
entitled
"How
State Trust
to
Keep
Company
by the Bay
Quoting from the pamph-
a Trust Account," issued
of Boston.
"unaccustomed to
keeping accounts, with a simple method of making proper
let,
its
purpose
is
to familiarize those
entries in a check book; with the
manner
of reconciling the
account thus kept with the trust company's account as shown
by the pass-book when it has been balanced; to explain the
more important banking terms which concern depositors especially, and to prescribe, with the reasons therefor, certain
rules which should be followed in making out checks and in
preparing checks for deposit." Some of the particular terms
described are the "Pass-Book," the "Check Book," the "Signature," "Overdrafts," "Indorsements," "Protest,"" Drafts
Against Uncollected Funds," "Trustee, Attorney or Agent,"
and "Deposits." On the last page of the pamphlet is shown
a "Travelers' Guide Map of Boston." The Bay State Trust
has a capital of $500,000, surplus of $300,000 and undivided earnings of $200,000. T. Jefferson Coolidge Jr. is
President; Alfred Rodman and C. E. Cotting, Vice-Presidents; T. K. Cummins, Treasurer and Secretary, and William Atherton, Assistant Secretary, and Superintendent of
the Safe Deposit Vaults.
—John
Richardson Jr. has been elected President of the
of Delaware at Wilmington, Del., to succeed
Henry G. Banning, resigned. Mr. Banning, who had been
the bank's head for thirty-three years, continues as one of
National
its
Bank
directors.
—
C. W. Woods, formerly manager of the bond and stock
department of Messrs. N. Holmes & Sons of Pittsburgh, has
become head of the bond department of the Union Trust
Company
of Pittsburgh.
—
The Fort Pitt National Bank of Pittsburgh is new located in its permanent quarters at 220 Fourth Avenue. The
premises, which extend from Fourth to Third avenues, have
been undergoing alterations for some months past.
bank is the sole occupant of the building.
—The
new
City Bank, of McKeesport, Pa., opened for
business last week.
The
man
W. H. Coleman Cashier.
Company is being organized
is
President and
—The Union Trust
capital
is
$150,000.
burg, Pa., with a capital of $250,000.
shares, $100 each, will be sold at $120.
George
W.
The
Creighton,
John Hartin Harris"
It is stated that the
Those interested are
Thomas H.
Heist, E. Z. Gross, J. P.
Swartz, Edward R. Pierce,
J. Howard Neely, B. C. Keefer, W. J. Thomason, J. B.
Driscoll, Joseph Savidge and Horace J. Culberson.
Melick, Charles
H.
Boll, J.
W.
—
The Ohio Bankers' Association will hold its annual
convention on September 27 and 28 at Cleveland.
—The
Queen City Savings Bank & Trust
Company
of
Cincinnati, incorporated early the present year, announces
open for business on Monday next. The company has a capital of $500,000 and surplus of $100,000. Its
officers are W. A. Julian, President; M. M. Robertson, VicePresident, and Ernst von Bargen, Secretary.
that
it
will
—Judge Fremont Alford, of the Criminal Court at Indian-
has recently declared unconstitutional the law
passed at the recent session of the Indiana Legislature for
The Mechanics' Trust Company of Boston has been in- the regulation of private banks in that State. An appeal
been taken by the State to the Supreme Court.
corporated. The Massachusetts Savings Bank Commission" has
The capital of the Defiance City Bank of Defiance,
ers in May granted the petition to organize the company,
which, as heretofore stated, will take over the business of the Ohio, has been increased from $100,000 to $250,000. F. E.
Mechanics' National Bank of Boston. The company has a Defanbaugh has been elected Vice-President of the bank r
and the following have been chosen new directors: W. H.
capital of $500,000.
The Merrill Trust Company of Bangor, Me., in the state- Eagan, President of the Jackson Trust & Savings Bank
ment covering its second fiscal year (ended May 31 1905) of Chicago; and J. S. Aisthorpe, Cashier of the City Nation;!
reports net earnings for the twelve months amounting to Bank of Cairo, 111.
Articles for the incorporation of the Farmers' Trust
$14,323, nearly 11 J^ per cent on the entire amount of $125,000 invested in the company and more than 14^ per cent on Company of Indianapolis, Ind., with $100,000 capital,
the capital of $100,000.
have been filed. The new concern is a reorganization of
The directors of the Farmers' & Mechanics' National the private banking firm of C. N. Williams & Co. and will
Bank of Philadelphia on the 3rd inst., embodied, in resolu- succeed to the business of the latter, besides engaging in a
C. N. Williams will be
tions, expressions of regret at the loss by death of Assistant regular trust company business.
President, D. M. Parry and Thomas A. Wynne, Vice-PresiCashier Eugene H. Austin. Mr. Austin had been in the
dents, and George E. Brewer, Secretary.
bank's service for forty-one years.
apolis,
—
—
—
—
—
—The
Commercial Trust Company of
Philadelphia at a meeting on Thursday accepted the resignation of Vice-President James H. Hyde, of the Equitable
Mr. Hyde still continues a member
Life Assurance Society.
of the trust company's board.
—The
directors of the
Tradesmen's Trust Company of Philadelphia has
plans for the erection of a new banking building, two
made
stories in height, at the corner of Juniper and Chestnut
streets.
The structure will occupy a plot 20x104 feet, and
will be modern in every particular. The main banking-room
will be located on the ground floor, with the real estate department on the second; while the basement will contain the
safe-deposit vaults.
Granite will be used in the exterio,
construction of the building.
—The directors of the Central Trust Company of
Illinois,
have promoted to Assistant Cashiership two cf
the employees, namely Dudley H. Rood and Harry E.
With L. D. Skinner, who continues as an
Hallenbeck.
at Chicago,
Assistant Cashier, the
bank now has three such
officers.
—
A suit against the stockholders of the failed Pan-American Banking Company for the payment of their stock subscriptions has been instituted in Chicago.
—The
Fort Dearborn National Bank of Chicago has
taken possession of the new extension to its banking room
on the south, which has been finished and furnished in consonance with its regular quarters, and which enlargement
will more fully and conveniently accommodate the rapidly
growing business of the institution. In the two years
William Schwarz, of the Baltimore banking and broker, under the existing management of President Goddard,
age firm of William Schwarz & Sons, has been elected Presi- Vice-Presidents Farrell and Lampert, and Cashier Kent.
—
—
.
<hi.\
15
conformity with
Loan & Trust Company
its
of its savings fund investments.
bank
—
com-
A. Breton, former Manager of the (ieiniania National Hank of New Orleans (now a part of the WhitneyCentral National), is interested in a movement to establish
a million-dollar bank in that city.
The application to organize the proposed bank, under the name of the GermanAmerican National, was approved by the Comptroller on
The bank's shares will be sold at $150 each,
the 7th inst.
giving a surplus of $500,000.
Dunlap has been appointed Cashier of the
of Keokuk, Iowa, to succeed the
Mr. Dunlap was formerly Assistant
late E. F. Browncll.
Cashier of the Keokuk Savings Bank, and in the latter position is succeeded by Howard W. Wood.
than a month after the meeting the proceedings
of the annual convention of the Minnesota Bankers' AssoThe bankers convened
ciation are available in book form.
on the 20th and 21st of June at Lake Minnetonka. The
1905-00 officers of the association are President, Cliff W.
less
DEBT STATEMENT JUNE
Chapman Jr., Cashier of the NorthBank of Minneapolis; Treasurer, George
Joseph
Chronicle June 24 1905, page 2601;
see
INTEREST-BEARINd DEBT JUNE
F. E. Holton, Assistant Cashier of the Northwestern National
2s.
3s,
4s.
4s.
4s,
tendent of Warehou-
own
of
Kansas City, Mo.,
use exclusively an attractive
is
the
corner of 10th and Baltimore streets, a location in the heart
It will be of
of the new business centre of Kansas City.
white Georgia marble, three stories in height, and covering an
Both the exterior and interior will be
area 90 feet square.
895.153,340
Bonds
of
are:
S10, only refunding certificates: of 520^ loan of 1908 coupon and registered.
$50, all issues except 3s of 1908; of $100, all Issues.
$500. all except 5s of 1904 coup.; of SI. 000. all Issues.
$5,000 all registered 2s, 3s and 4s; of $10,000, all registered bonds.
$20,000, regist. 4s loan of 1907; of $50,000, registered 2s of 1930.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
May 31.
June 30.
JT
.„„
May
of 1S91, continued at 2 per cent, called
18 1900; interest ceased August 18 1900
$S2,200
45,700
301.550
947,715
Funded Loan of 1891. matured September 2 1891
Loan of 1904. matured February 2 1904
Old debt matured prior to Jan. 1 1801, and later
Debt on which
interest has ceased
00
00
00
20
$82 200
45 700
294,850
947.495
$1,377,165 26
00
00
00
20
$1,370,245 26
DEBT BEARING NO INTEREST.
United States notes
old demand notes
National bank notes
$346,681,016
53,282
32,227.102
$8,375,934 estimated as lost or destroyed..
6,867.109
—Redemption account
Fractional currency,
less
Aggregate of debt bearing no interest
00
50
00
08
.$385,828,509 58
RECAPITULATION
May
June 30
Classification of Debt
—
Interest-bearing debt
..
Debt, interest ceased
Debt bearing no Interest.
next.
..
Total gross debt
Cash balance in Treasury.. a.
inst
Bank
989.800,771 97
amending $150,000,000
it-
The foregoing
(+) or
Dec (—
31
1905.
$
895.15S.240 00
1,377,185 26
Inc.
+ 100
00
+ 870.409
+ 869,589
50
—0.920 00
384.952.100 OS
1.281, 4S7.505 34
50
281.141.377 99H 11.348.944 88
1.000.340.127 35—10.479.355 38
reserve fund.
show a gross debt on June 30 1905
and a net debt (gross debt less net cash
figures
of $1,282,357,094 84
—The charter for a new financial institution in Jackson,
— the Capitol City Bank & Trust Company —has been
1905.
$
895.158.340 00
1,370.245 20
385.828,509 58
.1,282,357,094 84
.
292,490,322 87
Total net debt
agents at St. Louis. The concern was organized last
It- business, it is understood, was conducted princiyear.
pally through the mails.
and
$
Funded Loan
i
issued a fraud order against the People's United States
Total.
$
7,830,750
34,000.200
40.001.950
25,080.000
—
Q. — J.
Q.—F.
Refund'g cert'fs
Loan of 1925
,
The banking room, besides the
artistic and substantial.
window lights on two sides, will be prismatically lighted from
above. The fixtures and furnishings are to be of art metal
construction and will include every modern convenience for
facilitating the large and increasing business of this financial
institution, of which President Swinney of the American
Bank' - Association is President. Of especial richness and
beauty are the large sculptured bronze doors which will mark
the entrance on Baltimore Street. These two doors are each
It is expected the First Na8 feet wide and 13J^ feet high.
tional will occupy- its new quarters some time in November
— Postmaster General George B. Cortelyou on the 6th
Coupon.
Registered.
542,909,950 535.07j.200
198,792,(100 43,075,100
740,930,950 110.593,050
40.012.750
102.315,400 92.803.300
542.909.950
77,135,300
150.595.000
27.530
118.489.900
Note
Of
Of
Of
Of
Of
erecting
new building on
30 1905.
Amount Outetanding-
Issued
S
payable.
—
Consols of 1930
Q.— J.
Loan of 1908-18 ...Q
F.
Funded loan, 1907 -Q.—J.
—Denominations
Bank
June 30
Aggregate Int.-Bear. Debt. 1.0S4.9G1.710 787,545,250 107.585.500
resigned, as receiver of the Capitol National Bank of Guthrie,
Mr. Willoughby resigned to become State SuperinOkla.
for its
Loan
Title of
—Charles T. Cherry has succeeded James A. Willoughby,
First National
Amount
Interest
of Minneapolis.
—The
that of
1904, see July 23 1904, page 246.
H. Prime, Vice-President of the Merchants' National Bank,
of St. Paul; and Secretary of the Protective Committee
Bank
30 1905.
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued June 30, 1905.
For statement of May 31 1905,
Gress, of the Citizens' State Bank, of Cannon Falls; VicePresident, William E. Lee, of the Bank of Long Prairie;
Secretary,
August 1903.
in
— Mr.
A.
wester:! National
is
$200,000 was authorized by the stockholders
Keokuk National Bank
— In
It
•>
It
mortgages.
— John
Ml
reported that the Teutonia Hank A Trust ComNew Orleans, which now has a paid-in capital of
pany, of
150,000, will increase the amount to the authorized ligure
The increase in the capital from $100,000 to
$200,000.
in thai
has $2,500,(100
in municipal bonds,
in high-grade railroad bonds, $405,000
$215,000 in corporation bonds and $1,S00,000 in real estate
list
)
The institution has a capital of $125,000 and
8th inst.
succeed the Phoenix Hank.
v. ill
regular custom, the Merchant.-,'
of Chicago (the oldest
city: publishes for the information of its depositors a
plete
—
.
THE CHRONICLE.
1905.]
the Fort Dearborn bank has nearly doubled its deposil
account, which now approximates ten million dollars.
—In
.
Treasury) of $989,806,771 97.
in the
liiss.
—
Treasury Cash and Demand Liabilities The cash
Government as the items stood June 30 we
approved by the Governor. The capital is $200,000. ExGovern or A II. Longino of Mississippi is one of the incor-
holdings of the
porator-
have prepared from the Treasury statement of that date.
.
.
—The directors
Bank of West Virginia at
Guy A. Wagner Cashier, to succeed
of the National
Trust
have elected
his father, the late John Wagner.
William B. Smith, it is stated, has resigned as President
of the Western National Bank of Louisville, Ky., having disposed of a large block of stock to S. B. Hart. The latter baa
become Cashier of the bank, replacing Thomas L. Jefferson,
who has been elected to the presidency. The bank has a
Wheelii!'_-
capital of $300,000.
Hart from Mr. Smith
The amount
of stock acquired
—
Gold
00
29,918,620
9.122.285
19.845.558
3.290,504
13,989.705
70 059
15.247,470
00
00
00
13,451.5:tO
2(1
99
certificates
silver certificates
Sllvcrdollars
Silver bullion...
United States notes...
Treasury notes of 1 890
National bank notes..
Fractional silver coin..
Fractional currency
00
00
84
interest paid
921.524 52
30,257 45
Tot.InSub-Trcas'lea
(
Treasury notes of 1890.
Tot. trust liabilities.
Qen. Fund Liabilities
National bank 5 per
oiil fund
Outstanding checks
$517,579,909 00
405.205,000 00
9.4 13.000 00
—$992,257,909 00
17.133.471 22
6,127.918 20
and drafts
Disbursing ofuccrs'bal-
48.223.572 30
unccs.:
Post Oftlce Departmen! oocotml
Miscellaneous Items...
Total gen.
B.046.971
1.187 .213 68
$80,719.147 19
142,620,143 78
Honda and
—
—
Oold
11
,
Vlnorroln
is
Fund Liabilities
certificates
Sliver certificates
Trust
$517,579,909 00
405.205.000 00
9.413.000 00
Total trust funds... $992,257.909 00
General Fund Holdings
Oold coin and bullion.
$36,717,030 00
by Mr
understood to be $40,000.
The organization of the American National Bank of
Chattanooga, Term., which is to succeed the Bank of Chattanooga, is announced. The officers of the old bank will
continue in charge of its successor, with II S. Probasco,
President; J. C. Guild, Vice-President; Frank A. Nelson,
Tie
Cashier, and George Gardenshire, Assist
bier.
new bank has a capital of a quarter of a million doll
ix National Bank
The application to organize tie
of A Columbia, Tenn., was approved at Washington on th
—
Sllvcrdollars
Sliver dollars of 1890..
—
LIABILITIES.
ASSETS.
Fund Holdings
Gold coin
liabilities.
In Nat. Hank Depositories
08.348.9.H3 91
Yedlt Treasurer of u.s
i'.S.dls. officers
§,211,878 47
Total In banks.
$76,500,802 38
.
—
In Treos. of Philippine Islands
i
i
'ri'illt'In-osurrrof U.S
rollt U.S. (lis. officer!
Total
In
Itrserre
/In
!
I
Grand
1.960.655 2:t
2,007,901 07
$4,028,463 90
Philippines.
Fund
II
Hidings —
and bullion.
total
Cash Ilalancr
Mode up
of
El ten
•'
,„„ „_. „,
$292,490,322 87
.
Available ....142.490.322 87
and
Reserve Fund
*1.'.0.000,000
$150,000,000 00
$1,365,467,439 06
<«•
Total roan and reserve
Grand
total
00
$1,305,407,439 00
THE CHRONICLE.
192
SttQiieiavijiCmnmcvcial^nQUsItJtcius
(From our own correspondent.)
London, Saturday, July 1 1905.
There is a decidedly better feeling upon the Stock Exchange this week, although business is not very much more
active.
The improvement is due almost entirely to the recovery in Paris, where the belief is strong that the negotiations with Germany are going on smoothly, and after more or
less of delay will be brought to a fairly satisfactory conclusion.
That France will have to consent to a Conference is
But it is expected that when
generally taken for granted.
she agrees to do so, the German Government will become
more complaisant, and will not exact too hard terms. In consequence there is a much better feeling in Paris. Still, nobody is sure that the improvement will be maintained, and
that accounts in large measure for the want of business all
over Europe.
In Germany, the bourses are more active than in France,
and trade is very good. Especially the electrial and the enMoreover,
gineering trades are doing exceedingly well.
good orders are still being placed by Russia, and Germany is
expecting larger orders when peace is concluded. Money
in Germany is plentiful and cheap, and people are looking
forward hopefully to the future However, upon the Bourse
speculation is kept in check.
Here in London the state of the Continent discourages all
prudent people from engaging in new risks. It is generally believed that there will be no war between Sweden and
Norway, but that after negotiations an arrangement will be
arrived at for legally putting an end to the union between
both countries. Still, feeling is growing stronger in Sweden
than at first, and there are doubts whether Norway will consent to go into negotiations for constitutionally carrying out
the separation.
In Austria-Hungary the Hungarians are carrying to the
utmost the victory they have gained over Austria, and in
political circles everywhere there is anxiety lest serious
trouble should occur. The greatest anxiety of all is respecting
the internal condition of Russia, the anxiety being greatly
intensified
by the
horrible butcheries at
(Vol. lxxxi
been a great revival of business. The tourist traffic, moreover, pours gold into Italy in large amounts every year, and
Italian emigrants send home immense sums likewise every
year.
Italy, in a word, has made great strides, and at present she is doing so well that there is much speculation, especially in industrial securities.
The French banks, therefore,
are sending money to Italy where it can be employed more
profitably than in England or Germany, and the Italian banks
are likewise taking gold, so as to meet the demands of their
customers. It is believed, however, that the French demand
for gold, from England at all events, is now nearly satisfied,
and that in consequence the gold now on the way here will
go into the Bank of England. Accordingly, money is expected to be plentiful and cheap during the next two months.
The India Council offered for tender on Wednesday 30 lacs
of drafts, and the applications, amounting to nearly 314 lacs,
were at prices ranging from Is. 4d. to Is. 4 l-16d. per rupee.
Applicants for bills at Is. 4 l-32d. and for telegraphic transl-16d per rupee were allotted about 45 per cent of
the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
compared with the last three years:
fers at Is. 4
1904.
1905.
28.
June 29.
£
£
June
3
90 5-16
The
money have been
rates for
30.398,016
11.492,5^9
46,684,002
14.790,245
36,221,298
25.046,993
37.670,008
43
3
96K
24^d.
26d.
213,098,000
190,28o,000
Clearing-House returns
£
30,207,850
11.089,416
48.884.272
15,073,144
37.514,425
25,278,338
37,311.186
42 1-16
3
925^
4115-16
26K
Silver
July 2.
1.
£
28,868.790
9,016,542
50,258.217
15,987,806
36,245,416
24,920.492
35,339,282
30.131,730
14,455.952
44.b97,510
16,171,319
securities
Government
33,395,641
Other securities
27,367,052
Reserve of notes and coin
Coin & bullion, both deparfts 39.048.782
Prop, reserve to liabilities. p. c 46 3-16
per cent.
Bank rate
2X
90%
Consols, 2M percent
Circulation
Public deposits
Other deposits
1902.
1903.
July
24 3-16d.
182.497.000
263,297.000
as follows:
-Open Market Rates.
-Bank
London.
3 Mos.
2 1-16
2
Rate.
June 2...
June 9...
June 16
June 23...
June 30...
2X
2X
2X
2X
2X
Trade Bills
Bills-
4
Mos
6
2@2
2
2@2
2
2
2 1-16
1-16 2
1-16 2
Bank
Banks.
2K&2H
I
2'A@2%
lor
2X
§1
i»
Wi
ix
ft
\x
ix
1
1
1
2)4
2KJ2>
deposils
1
2..
9..
16..
23..
30..
4 Mos.
nyDiscount Houses7-14 Days.
AlCall.
Joint Stoc k
Rate.
June
2X(S 2H
1-16®2K
1-16@2H
allowed
-Interest
London.
3 Mos.
2H( wx
2H(
2
15-16@2
Mos.
2X
2X
2 1-16
1
Lodz and by the
The Bank rate of discount and open market rates at the
mutiny on a great battle-ship at Sevastopol
chief Continental cities have been as follows:
As a result of the condition of the Continent and more parJune 10.
June 17.
June 24.
July 1.
Bank
pen
Bank
Open
Open
Bank
Open
Bank
Rates o/
ticular! y of Russia, business on the Stock Exchange is exarket. Rate.
Market.
Rate. Market. Rale. Market. Rate.
Interest at
11-16 3
3
IX
3
l'A
2
3
ceedingly quiet, and prudent people are exercising all their Paris
3
3
3
2X
2H
2X
3
2X
Berlin
3
3
3
2H
2X
3
2X
influence to prevent speculation.
In the meantime there are Hamburg
3
3
3
2 7-16
2X
3
Frankfort
2X
1-16
-ZX
2X
2X
2X
2H
2X
signs that trade is steadily though somewhat quietly improv- Amsterdam
2X
3
3
2%
2X
3
2%
2%
3
Brussels
zx
3
2%
ZX
2%
ZX
zx
ZX
ing.
Although profits are not very large, yet most trades are Vienna
10m.
nom.
nom.~
hX
hX.
nom.
5X
St. Petersburg.
ZX
ZX
1%
ZX
4X
ZX
doing fairly well. The month of June, moreover, has very Madrid
4X
4
4
4
4
4
4
Copenhagen -- 4
materially improved agricultural prospects. There had been
Messrs. Pixley & Abell write as follows under date of
drought during April and May, in consequence of which the
June 29:
hay crop was exceedingly short and the outlook for the root
Gold — The demand for gold for Paris was unusually keen this week on the sudden
crops was exceedingly bad.
Over the greater part of Eng- fall In the cheque, 25-12V* having been touched at one time. There has since been
land there was a good deal of rain during June, which has very a recovery to 25" 15, and with an Improvement In the political situation the depresent it looks as if Paris would continue
not so good
much improved prospects. In the south of England, indeed, mand is all arrivals. to-day, but for thebought by the Bank, of which £7,000 was
£15.000 has been
to take
and the east, the prospect now is exceedingly favorable. In lu bars, and £16,000 has been withdrawn for Gibraltar. Arrivals: Cape Town.
West Indies, £31,000;
the west of England there has not even yet been enough of £643,000; West Africa. £44,000; River Plate. £10,000;
Shipments, Bombay, £55,500.
H
,
,
f
£728.000.
There has been a good demand for spot silver, all the week, partly to
sold against
satisfy June sales and partly for India, but as forward silver has been
most "of the purchases and as America has been a seller too, there Is no improvement in price. We quote to-day 26 15-16d. for cash, 3-16d. lower on the week,
Forward is 3- 16d. under cash. The Indian price is Rs. 68^. Arclosing dull.
New York, £127,000; West Indies, £19.000; total. £146,000. Shipments:
rivals:
Bombay. £83,070; Hong Kong. £35.214; Shanghai. £60,000; total, £178,284.
total.'
rain.
Sii ver
During the week all the gold offering in the open market
has been bought for French account. As the week draws to
an end, however, there has been a recovery in the French exchange, and the hope now is that France will not buy very
much more gold. While taking gold from London, the
French banks are likewise taking gold from Berlin. And, as
the reader is aware, they are taking gold, likewise, from New
York. As business of every kind is exceedingly slack in
France, and consequently the banks cannot employ profit-
money they
Mexican Dollars
are taking
London Standard
is
2i
s.
77
-OZ.
Bar gold, fine
U. S. gold coin... _oz. 76
.OZ. *76
German gold coin.
French gold coin.. .oz. *78
OZ. *76
Japanese Yen
•
,
lation as to the reasons
no business to report
in these coin.
London
22.
.
d.
d.
s.
9K
4H
4H
4g
4M
77
76
*7G
*76
Bar
9
4
4
4
*76 4
silver, fine
oz.
" 2 mo. delivery
Bar silver, contalnins
oz.
5 grs. gold
oz.
4 grs. gold
oz.
3 grs. gold
Cake silver.
Mexican Dollars
.oz.
June
22.
d.
d.
Nominal.
planation offered is that, owing to the scare caused by the Moroccan incident, the banks considered it prudent to increase
their reserves.
Probably that has had its influence with the
banks. But there are other reasons. Just now business is
exceedingly active in Italy. The country has been during
the past ten or fifteen years steadily recovering from the great
crisis in which it was plunged by over-speculation, over-building and over-extravagance on the part of the national and
local governments.
Especially in the north of Italy there has
—There
The quotations for bullion are reported as follows:
June
SILVER.
June
Ju ie
GOLD.
29.
Standard.-
home there is much specuwhy they are drawing gold at one and
the same time from London, New York and Berlin. One exably the
—
27X
26X
27 7-16 27^
26 7-16
27X
27 1-16 26K
29 1-10 29M
26 15-16
26 %
nom.
nom.
The following shows the imports of cereal produce into
the United Kingdom during the forty-three weeks of the
season compared with previous seasons:
IMPORTS.
Imports of wheat, cwt
R„f lpv
Oats
gpli
1
Plan's'
Indian cbm".::
Flour
|
'.
1904-5.
..84,203,800
19.216,200
12,817,900
1 825,874
1,339,120
3
I
g 5Ss ISS
9,498.420
,
1903-4.
75,962.136
27,6^6,726
12,624.494
2.024,010
1,791.718
38,975.467
16.983.043
1902-3.
67,005,871
22,056.661
12.208,916
1,638.937
1,295,109
32.214,850
15,864,791
1901-2.
59,090.560
19.928.091
14,503,624
1,739,540
1,573,853
37,717,637
16,671.258
—
i
July
1
.
THE CUROXIOLK.
15, 1905.
1901-5.
1902-3
1903-4.
9.498, 120
13.280.552
fOilO. 101.703
109.100.942
of flour
homo-grown
sales of
Total
week
-ice price wheat,
Average
els.
1
price, season
qrs.
qrs.
qrs.
Wlie:\t
Malre
104,81
6d.
10,1
1903-1.
and disbursements
30s.
.Li.
27s,
M.
CHRONICLE July 16 1904, page 19.'5.
RECEIPTS AND DISBURSEMENTS
see
1
it:
3.000
a
•f.
CT!?
—
3
— ** y -h -; S
SB <"i-'»
h*
25
ce oo-
1,070
English Financial Markets Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending July 14:
»
i
Silver, per oi
t.
Kentestinl'
**
3.
I
A
A. T.
I
I
I
I
I
I
ccto
CO -J
toco
5l<
OCO
tOlO
Cn
--1 CT>
O XVtO Cn
OCOX^-IOtO
"co'to'to'tu'toVj
h-i
M h_•— CO h- O CO to
MOOtOCOCOCl
CO tO tO O
^1
00 tO
CO
II
I—
—
O30
w
00
toco
A
00
-^
k:io
*O>00
Preferred
Steel Cor .com.
Preferred
Wabash
toco'tol—
tO CO CO cn CO
1— tfr CO Cn Cn
00
OOfrt-i-W
— COi--00-*4co
hjk
Ol
^*
>
tOW
66h
COO
101
ta
100!
34'
104!
"-4
w 10
.
M
.
"io'co
OO-i
-J -J
— 10
20
Preferred
41
to«-»
75
OOCn
O
OCnCiOOO
•-•
tfr.
O
cotfr-toc^cro
'00 000 00 CO
©
fr."*.
'J>~-
>UCn
tO CD
00 tfr.
-
on the dates given. The statement for July 1 1904 will be
found in the Chronicle of July 16 1904, page 193.
—Slock o! Money July 1 1905.
—Money in Circulation—
s
s
Gold coin and bullion. 1.360.273. 787
Gold certificates.. a
Standard silver dollars 558,791,217
Silver certificates. .a
Subsidiary silver
Treasury notes of 1890
I
s
Julii
433.595.8S8
71,561,684
462,578.715
94,003,028
12,'.»27.2s7
334.491.977
July
1005.
Statement for corresponding dates in
preiious year will be found in Chronicle of July 16 1904,
page 193.
and
treasury net holding
.
.
Net fractional silver
Minor coin, etc
Total cash In Sub-Treasuries
Less gold reserve iund
June
1905.
8
212,331,720
25.476.644
42,860
15,008.354
J Is.
1
1
1905.
S
72,921
11,182
::.i,709
14,806,323
13.9tiH.127
1:1.303,978
.831
12.864
13.995.343
963.021
289,248.071
150,000,000
280
150.000.000
Cash balance In Sub-Treasuries.. 130.67 1,355
Cash In national banks
88,257,004
Cash In Philippine Islands
139.248.071
Net cash In banks, .fub-lreas., etc .223.297,288
Deduct current liabilities., a
88,078
221,445.343
90.303.905
3,739,479
I
OO
—
131.141.378
a"Chlefly disbursing offlcere" balances."
•
•
cn ^j to co .fr. co
CO ^J tfr CO CO -4
.— - 1„ /
jvJCOtO
coo
3?
bo'tfr.©
It!
tfr.
a
*.
too^i
—
—
-Jcoooocn^i
"osco'to
=1
COCSO
CO tfr. H-
H-tfrCn
—
DIVIDENDS.
Name
July 11905.
*
ot
Company.
When
Books Closed.
(Days Inclusive.)
'enl t'ayable
&
do
Railroads (Steam).
Ohio, com
do bref
Hunt. & Bd. Top. Mt. RR.
Nash. Chatt. & St. Louis
I.
060.881
2(i2«20,144
pref
16
All!
16
IK Auk
IK Auk
.t
$2
Holders
Holders
Aug 1 Holders
Holders
Aug
July 31 July 21
Auk 1 July 14
Aug 1 Holders
Brooklyn
10
5
Dem'd. Holders
Dem'd. Solders
Worcester Rys.
3
3
!
Miscellaneous.
American Dlst. Teleg. of N. J. (quar.)
Dominion Coal, Ltd.. pref
Kdlson Elec. 111. of Boston (quaf.YCNoI
1
31
Julv is
July 20
Aug
1
July 15
Aug
Aug
July
l
1
1?>
rec. July
rec. July
rec. Julv
rec. Julv
to
July
of
of
of
of
of rec July
1
of reo. July in
15
18
"*
1
Is
31
to
Aug
of rec. July 20
1
July 22 July 15
to
July 21
to
\uk 1 July 21
July 31
Holders of rec.
July 1 Holders of rec
2
Holders of ree. July 12
l'i Auk
1
2^ Auk
1
—
IK Auk
Hi July
1'aMflc Coast, all stocks (quar.)
1'july 16
15
July -'l
Y, July 31 July 21
Railway Equip. Corp. (monthly)
United Copper (No. I)
do
31
X
66)"
Great Western Cereal, pref. (quar.)
MIchiKan State Telephone, pref. (quar.)
do
1
1
IH
\H
Invest
Fire Insurance.
Home
Aus
Auk
to
to
1
25c. July 15 Holders of rec. July 10
.
Jacksonville (Fla.) Elec^ com. & pref
Milwaukee Elec. Ry. & L.. pref. (quar.)
Third Avenue RR., N. Y. (quar.)
,
Auk
1
Holders of rec.
July 20 July 16 to
3
1 Julv 20
to
lJi Aug
3
July 2ti Holders of rec.
2KAUS 1 July 22 to
1 July
14
to
l't Aug
3
All-'
1 Holders of rec.
2
July 17
Houston (Tex.) Elcc. Co
Phenlx
1
Sept
sept
Aim
2
Northern Pacific (quar.)
Railway & Light Securities, pref
White Pass & Yukon
Street Railways.
Cal. Gas & Eire. Corp. San Fran, (monthly)
Columbus (O.) Ry., pref. (quar.)
Grand Ranlds (Ind.) Ry., pref. (quar.)
Aug
to
f 31
(extra)
to
to
I
1
-
July 31
'
'
|
'•''
4,028,404
223.,
80.719,147
annum
for period
from Miv 12 to July 31, Inclusive.
—
Auction Sales. Among other securities tin- following not
at auction
regularly dealt in at the Board were recently
By Missis. Adrian EL Mullir & Son:
.-
,
i.,ii.im)0.ooo
142,
2
& C,
x At the rate of 7 per cent per
-ZS'SsS
1
?>2?S-T92
-'".
2H
Central RR. of N. J. (quar.)
Cripple Creek Central, pref
Oreat Northern (quar.)
,.,,
216.'32,2]
16,21..
13.1
Bait.
stocks.
N'at.
5
21
Hk., Ilklyn
1
"rii Exchange Hank
Nassau
r.
1
Am.
25 10th
>
I
<
1
Fem
'
"»
'
A Rlty.8ec.Oo.,
mdt.
1131.000 Day.
;
DiHt Tel. Co., Ilklyn. 50
Print. ,fc Pub. kmo.,
$1,000 each. .12.200 per share
.
23d 9t.
mi
i>f
1
.
<
Hun
175 Nl »boi
25 N. Y. Mui
A
inkers
16
:im'
208
I
I
»
teJt*.
75 West N. V A- 1'enn. Ry...
3
13 Mechanics' Hk. of Brooklyn. 245
Ill
2 Brooklyn Hank
5
134.318.68l
to to
ooocs
Note. Total 'disbursements under "Civil and Miscellaneous" In 1904 Include
$54,000,000 paid on account ot Panama Canal and loan to Louisiana Purchase
Exposition Company. The last Instalment of the loan to the Louisiana Purchase
Exposition Company was repaid to the Government on November 15.
a Totals of various Items ot receipts and expenditures for fiscal year 1903-04
have been revised to acree with the official figures issued in the annual report of
the Secretary of the Treasury.
'
Available cash balance
•fr.tocn
to to
tfr. CO OS
cn
"enbe'en**
tfr.1— 1-*
O
H-H-t—
Per
480,472,336
1
— cn
tooco
464,s()G,629
—
May
-J Cn tfr. 00 to
CO cs Cn i-> tfr.
OiCn^.'>00**4
tfrCnCocnCoCi
r- Cn
646.586,319
Treasury Currency Holdings. The following compilation, based on official Government statements, indicates the
currency holdings of the Treasury on the 1st of May, June
—
to to
tfrOtO
cn
woooVoch•-*
00
CO
cn
t-tn-i-t
— CO
CO
00C1CO
CO
o
cocscn
O^lh-
%
655,976,787
487,601.449
73,080,659
456,142,715
100,748. 873
9,342,341
332.091,311
Total
288.362.758 2.596,716,471 2.521.151.527
2.885,079,229
Population of the United States July 1 1905 estimated at 83.259.000, circulation
per capita, $31 19.
a For redemption of outstanding certificates an exact equivalent In amount
of the appropriate kinds of money is held In the Treasury, and Is not Included
in the account of money held as assets of the Government.
d This statement of money held In the Treasury as assets of the Government
does not Include deposits of public money in National Bank Depositaries to the
credit ot the Treasurer of the United States, and amounting to $68,34s,9S3 91.
Holdinqi in Sub-Trca-?uries
Net gold coin and bu.l. ...
Net silver coin and bullion
Net U S Treasury notes
Net lettal tender notes
Net national bank notes
cn
"to
to to
CO t-»
1
15,247.470
United States notes. .
Currency certificates a
Nat'l bank notes
495.719.806
C
OO
tfr
tfr. CO CO
%-"ccbs**
v-CSOO
oocnen
O
00*400
ooobo'en
*40m
1
1904.
186.717.031
29,918.520
19.845.55S
9,122,285
13.451,530
70,659
13,989.705
114.200.403
9,413,000
346,681,016
00
ta
"t—bo't—"tfr»"cOtO
^-.uoo-J-a
I
Vcoo w
Cnto--
—
1905.
CO
O
1— CO CO .fr.Cn tfr.
00*.
COCi
July
^
I
cOtfr-O
CncC-1
cOCnCs
h*
Stock of Money in the Country. The following table
shows the general stock of money in the country, as well as
the holdings by the Treasury, and the amount in circulation
Held in
-JO
COOfr
^-
CO
Commercial unci lUisccUunco\isJjlc\us
Treasury.
— to
to
tfr.
"cn
'
Stales.
000
H- CO
COO^-cOOOCn
Cnoo
In Lnitcd
VjCn©**
tOCOH-OOOj-*
00-4
OO
——
OCOM
000—
os
a)Cnt-*cn-Jifr.
Price per share.
tO CO tfr.
tfr.
"cocoobo'co'tfr.
Ol 1— tfr. 00 to
Cn 1— Cn to tfr. CO
-^cct--o-Jcr)
IOCOOCOCOCO
&
-H-00
^-to
COOOkfr-
COCO
00V
tOO
«— CntO
"coos Os"tfr.00*»U
>— »-•
Debentures "B".
tO >fr C> fO Cn
COCO tfr-
"^1
—
tOtOCn-JCnCi
•s
"co*jb»**
COCSO
tfr.
OO
to"00 o>"x"co"«-»
O
-1
w
O
e
cn
s
-J CO tfr.
OO-J
co
H»(-i
H*
tO h- CO
cowes'-j'tobe
00
X-4-JCn
OOOOh-
H-
VlD
OcOO
~i— to
OSOSn-
bo
j* cn
rx-
co^ito
bctoco**
—
cocno
0000
- -
Cn
bbVoVa
OH-cooocicn
^1 CO tfr.
cnosto
Oscn-J
»— to
00
00
^JOOf-OOO-J
00; OS**
OtOi—
Cn-vici
M
a
tO.fr.t-*
-J to 00
tfr.
"cn
1— CO^-M^IO
COtfr.--jfl*
00
O
jfr.pj—Ojffl_.u
V|"cn h-VjVjVi
1— ^1 Co ^1
Cn.
»fr cn cn to co
s
to
"r-Vscn^-ocn
O
J
Jfc
OOCOOl
'
35
to to to
CO co to
MCT.O
CO
,fr.
h-h-i—jo
H-
V
cO
CD to Nt CO CI
O
row
0*.
Vj
--tfr.
H-cn-acn-JO
COW
cog
010
Union Pac., com.. 133'
U.S.
—
z
cei-«
55!
47
-OJOi.00
*kO
tfrOfr.'
oco
00«OS
.-u
tfr.
"roVo -^ cn'to"co
CO
-J
to
COH-O
to 00 00
00^- CI
cOtfr.0
o
CO
Vo
O
«o
o
rf^H-cn
ifc
Cn -4 UC ^J
hS*CO«OJC>rf*00
co J;- cn
V-"co"tO<*
cooco
o
CO
O4k.>frOC0 00
CO
to
jo
f-tOOl
"co
O C!
Ok,
'o
-i
CO COO.
*<©
to
1
CO 10
CO--I-4
Ol
to^Mtotao
O
>
I
-l-l^.^
o-j»-
J
I
tfr.
"«D
cnsto-i^-ip-^
,-..
*-to
COCCCO
COO>-*CO>—C7J
N3 ^J CO
--)-I00COrfklO
Cn CO 1— 0-4 tO
Nat. UK. of Ilex— 37^
N. Y.C. A H. R... 153
N'.Y.Ont.
West. 54*5
Nor. A West., com. 88J4
Preferred
96
North. Securities... 171!
Pennsylvania
73!
4-
tfr-OCtO
M
O
ooiH-'oocso
30
66
AtOi—
to
*2
CO
cn
IO
OOWfr.
"_*(— -g QO*o '-O
OlCn-J^---IN3
74J4
Central
173
Louis. A Nashville.
Mexican Central... 22V5
Preferred
OOJtfr.
00
cn
H-
V
Cn
r-tl-l
*-0
Second preferred.
47
cno-l
-JOCD
©VobkO*
A CO 00
> — -
tfr>
"--cococn-JCn
pa
low
<OA
o
-IX'-O
ifcibtuVMAi
MSiOlCOi—yi
Illinois
Southern Ry.. com.
t—
to
O
h**-»
O tO ^- >— Cn »
tow
H-CO
"0>
A St. Paul... 185
C.R.I.&P
32X
Denver A Rio Gr'de 32
Preferred
Erie, common
4S5fj
First preferred... S5K
preferred.
Second preferred
Southern Paclilc..-
MM
mCOmC^O
t~>
Y"
:
CucDh-
CiCOO'Xt0 33
to
C. M.
• First
Si
!
00
H-
100
A Read
1
"a
OCt'-lJ- J-d-
CO IO
to 00
.-
135",
Canadian Pacific
Chesapeake A Ohio 55K
Chic. Gt. Western.. 21
•Phila.
1
9
rsif o
s
oo"-^"h-©o "*.
—
li
Preferred
n2 v
mi f.
£n ^
•t
tooocn
o
— Wi—QOOOO
S7H
108
M. K. AT., com...
-f
co
co""--"^ cn
-1 C" Cn T. 'X
a -j -1 -J cn CO
010
<CCD
99-27K
Santa Fe..
Preferred
Bait. A Ohio
Preferred
o o.
Bl
o
I
11)11
III
90 1 4
ir.)[.
'
!
HI
90 9-10
Anaconda Mining..
!
ST
27 5- Hi
Consols, new
For account
!
|]
ad
:
3
Fri.
27 1-16
d.
g !8p:
li &
s
azl o
O
:
I
Sat.
I
oepV
003 u
z
OO
•>~ra
O =
Xlli Si
"7
SB
1
London.
(000 omitted.)
1902-3.
2,000
yjo.ooo
month
for the
of June.
From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the fiscal
Fur statement of June 1904,
years 1904-05 and 1903-04.
receipts
21.1
wheat. Hour and
of
Last
2,080,000
115.000
This MMtk.
2.076,000
115.000
815,000
2.
07.681,056
27s.
26a.
l\l
The following shows the quantites
maize afloat to the United Kingdom:
Flour, equal to
r.981
od.
26b.
27s.
27B.
7d.
6d.
I'.nu
67,005.871
15. SG 1,791
76.089,186
70.9S2.772
Imports
48.803.800
—
Revenue and Ex pen ditukes. Through the
courtesy of the Secretary of the Treasury, we an- enabled to
place before our readers to-day the details of (lovcnuncnt
t
1):
Wheat Imported, cwt
VXi
Govki;n'mi:n t
Supplies available for consumption (exclusive of stock 00
September
:
I
32
281M
RR
1st 8
$82,000 Chip
i
eb.
A
fin.
.
,1921
Ry-
>
*I.400
Con
19.000 Kent
Ky.lst 5s
'
1.
81
THE CHRONICLE.
194
Vol. lxxji.
«=
City Clearing House Banks.—Statement of
condition for the week ending July 8, 1905, based on aver-
New York
age of daily
results.
We omit iwo
BANKS.
Surplus.
Capital.
We omit two
Loans.
Specie.
Legale.
t
Deposit* Re-
00s omitted.
.
Gallatin....
But. & Drov
Mech.&Tra.
Greenwich
Amer.Kxch.
Commerce..
Mercantile.
Pacific
Chatham
...
...
People's
N. America
Hanover ...
Citizens'
Nassau
..
....
Mar.<S> Full.
Shoe <fc Lthr.
Corn Excli
.
Oriental
...
Imp. & Trart
Park
East River
Fourth
Second ....
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Ave..
Fifth
German Ex.
G or mania
..
Garfield....
Filth
Bk. of Met..
West
Side..
Seaboard
..
IstN.Bklyn
Liberty
N. Y. Pr.
Ex
New
Amst.
Astor
$
18.654.0
25,435,0
$
9
Chemical ..
Merch. Kx
2,000,0
2,050,0
2,000,0
3,000,0
1,600,0
1,000,0
25,000,0
300,0
600,0
1,000,0
800,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
2,604,3
2,659,8
1.435,5 13,478,9
3,468,4 22,485,0
3,847,5 23,425,6
4.976,0
218,8
17,480,7 1^5,355,1
7,688,7 24,987,6
6,245,4
365,8
9,197,4
2,234,4
2,192.6
119,9
5,342,0
372,9
554,8
4.174,0
4,260,9 30,419,4
12,113,0 160.674.
4,371,9 22,204.5
630,4
3,643,0
6,254,8
1,045,5
429,7
2,270,1
2,021,8 14,768,8
6,961.5 49,806,8
1,088,5
7,662,0
634,4 16,512,3
315,2
3,375,6
6,998,0
1,385,8
429,1
6.141,7
3,361,6 30,998,0
1.114,7
8,296,1
6,718,9 24,381,0
7,324,7 73,909,0
109,0
1,297,3
3,016,9 21,108,8
1,619,4 10,026,0
15,914,3 104,860,0
883,1
8,846,0
771,0
3,224,0
729,5
4,815,9
546,4
4,078,9
4,399,6 43,404,3
1,769.5 10,156,0
728,5
2.781,3
876,8
2,682,4
1,428,6 14,078,2
1,287,7
7,494,9
418,6
2,692,0
9,342,3
1,481,1
659,6
3,952,0
1.471,9 14,966,0
625,3
4,791,0
2,038,0 11,831,6
484,6
5,328,6
5,941,
580,9
594,6
4,495,0
9
3,224,0
7,031,0
2.866,3
0,739,0
5,034,7
661,0
37,961,6
4.636.8
1,333,4
1,280,3
602,2
836,0
618,0
4,671,0
24,016.2
3,030,3
324,9
691,6
138.8
1,699,1
9,761,8
894,7
3,106,1
305,2
1,025,4
1,352.8
0,230,0
2,249,0
4,204,0
15,545.0
139,7
3,912,6
619,0
21,318,7
1,712,0
491,0
1,064,1
589,4
10,922,3
2,628,2
215,0
459,8
899,5
1,696,3
542,9
1,803,6
768,0
3,033,0
717,0
2,437,8
1,145,0
931,3
860,0
P.C.
9
18,127,<! 26-9
31.548,0 30-3
9
1,068,0
2,660,0
1,645,0 17,025,8 264
2,624,0 27,552,0 339
2,184,0 26,237.2 27 -n
275,0
3,736,0 2:.0
9,618,9 181,451,6 26-2
1,864,0 23,956,8 27-4
7,151,1 269
696,2
670,5
7,347,0 25-1
73,6
2,845,2 23-7
662,0
6,009,0 23-2
295,4
4,323,1 21-1
1,863,8 24,785,5 26-3
13,365,3 148,723.8 25" 1
1,407,4 18,526,8 23-9
4,084,2 17-9
408,3
941,2
6,392,1 25-5
580,5
2,782,9 25-8
13,579,li 26-7
1,935,3
5,297,4 68.971.4 25-5
556,8
7,116,0 20-3
1,855,2 20. 3 13,:-i 24-4
484,3
3,945,6 20-0
563,3
6,813,7 23-3
433,3
3,067,5 22-1
4,046,0 39,266,0 261
391,4
9,488,2 27-8
1,408,0 21,989,0 25-5
6,223,7 85,419,0 25-4
200,5
1,458,4 23-3
2,471,2 24,396,0 26-1
1,762,0 10,624,0 22-4
2,491,4 97,599,0 24-2
608,3
8,574.3 26-8
293,0
3,721,0 21-0
532,0
6,407,1 24-9
195,6
3,907,7 20-0
1,857,0 50,593,8 25-2
400,6 11,382,2 26-6
810,0
4,014,3 25-5
695,8
5,605,11 20-5
2,942,0 15,572,7 24-6
279,4
7,691,1 25-7
123,4
2,823,5 23-5
754.5 10,940,3 23-3
367,0
4,572,0 24-8
1.569,0 17,629,0 26-1
eo7,o
4,072,0 26-6
250,0 10,729,1 25
419,9
6,116.3 25-6
525,4
7,056,6 20-6
210,0
4,345,0 24-6
Total... 115,972,7 139,492,8 11164585 210,971,3 86,562,8 11583051 25-6
l
t
t
i
\i
i
Total United States deposits included, $11,977,600.
Reports of
Non-Member Banks. —The following is
condition of the non-member banks for
statement of
week ending July
We
\
BANKS.
Capi-
plus.
Leg. 1.
<$
Sur-
tal.
the
the
Columbia ..
ConsoL Nat.
Fidelity
14th Street.
Hamilton
..
Jefferson
..
Mt. Morris
Mutual
19th
Ward
Riverside
State
..
Ward
Ward ..
12th
23il
.
Union Exch
United Nat.
Yorkville ..
Coal & I.Nat
Metrop'llt'n
84th Street.
Clear'
Other
Deposits
A gent. Bks.&c
.
..
Mfrs.'Nat..
Mechanics'
Merchants*.
Nassau Nat
Nat. City
North
17th
..
Side.
Ward
.
Wallabout
Jersey City
.
First Nat...
Hudson
$
205,857,4 86,423,3 11402848 47,359,0
214.869,6 87.423,:-. H4i;7:)'.'!' 18,060,7
214,744,1 88,424,5 11660389 48,536,8
210,971,8 50,502, ^ 11588051 48.859,9
J'ly
J'ly
8
0.2O7.< 226,394,0
6,193,1 232.501,0
6,084,1' 231,578,0
18,001,0
18.251,0
18,662,0
42,139,5 192,422,0
42,139,5 102,752.0
42,139,5 194,527,0
1
$
$
100,0
100,0
100,0
100,0
300,0
$
28,6
29.6
29,2
304,8
219,0
38,1
38,3
246,5
158,0
148,6
115,0
245,5
261,5
190,0
94,8
263,0
215,0
176,8
332,7
58,7
260,6
275,8
42,7
23,4
$
$
$
664,1
817,6
673,4
3,964,4
6,253,0
2,218,0
787,6
5,160,2
4,788,3
3,387,1
3,495,0
3,433,0
3,186,3
3,909,0
1,673,9
10,656,0
2,629,0
2,168,2
6,541,7
1,236,3
3,296,5
3,923,8
2,376,0
1,321,8
7,064,1.
127,577,8
145,451,8
156,738,8
261.599,0 12,738,0
261,026,0 12,815,0
260.827,0 12.730.0
125,487,1
142,230,9
120, 803,5
7,659,0
,658,0
',
64,618,0
64,725,0
64,349,0
47,960,0 221,832,0
47,960,0 221,600,0
47,960,0 221,754,0
1
8
Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on July 8 tio $1,695,000 on July 1 to $1,697,000.
t
;
Imports and Exports for the Week.— The following are
the imports at New York for the week ending for dry goods
July 6 and for the week ending for general merchandise
July 7 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1905.
Dry Goods
1903.
1904.
1902.
Total.
Since Jan.
$2,109,281
9,262,269
$2,132,117
7,718,971
$1,959,320
7,944,364
$2,033,645
6,511,325
$11,371,550
General Merchandise
$9,351,088
$9,903,684
$8,544,970
63,148,748
249.589,500
$70,700,250
242,912,566
$64,488,579
222,946,472
1.
Dry Goods
General Merchandise
Total 27 weeks
$73,192,499
296,833, 404
i
$370,025,963 $312,738,248 $313,612,822 $287,435,051
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 10, and from January 1 to date.
The imports of dry goods
in
EXPORTS FROM
NEW YORK FOR THE WEEK.
1905.
For the week
Previously reported..
Total 27 weeks
1904.
1903.
1902.
$8,488,381
268.234.890
$7,907,932
24 1.763,340
$7,377,646
259.723,278
$8,890,725
244,^12,508
$276,723,271 $252,671,272 $267,100,924 $253,803,233
Note.— As the figures o£ exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending July 3
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
Great Britain
France
Week.
IMPORTS.
Since Jan. 1
Week.
.
$1,004,099
17,000
8,000
$330,922
4,266,138
5,116,776
71,300
7,250,000
3,000
$1,029,099 $37,679,102
500 64,448,066
32,462,551
7,142,318
$145,019
449,865
101,838
829,921
36,287
$76,715
South America
All other countries
9,331
38,002
20.971
810,2
885,1
603,9
3,449,9
5,884,0
3,968,2
805,0
4,431,3
4,212,1
2,918,6
2,765,3
3,222,1
2,483.7
3,690,0
1,494,5
8.772,0
2,073,0
1,662,2
6,122,4
2,187,5
2,895,9
14,3
26,5
38,1
73,9
310,0
289,9
21,6
192,6
189,6
11,8
139,9
25,6
22,0
103,0
17,0
526,0
36,0
57,6
112,4
229,2
46,4
2,837,1
2,611,0
1,179,8
548,6
116,2
289,3
106.2 1,968,9
362,2 2,545,3
169,5 1,854,0
607,8 3,610,7
636,9 10,150,6
77,5 1,709.8
806,2 5,548,0
598,4 3,512,0
183,8 1,355,4
199,8 1,867,9
719,3
98,4
184,2 3,070,0
928,5
102,6
33,4
15,6
114,9
201,0
316,6
13,3
229,0
153,0
20,5
52,1
12,5
98,0
70.5
132,3
717,9 1,300.6
155,0
332,9
496,0 1,457,0
333.0
662,0
94,7
51,0
124,8
174,2
65,9
87,3
197,0
590,0
43,1
56,8
400,0 1,118,7
4,078,5
163,0
304,4 1.675,3 1,268,0
6,107,5
transact a general banking business; issue circulars describing
short-term and long-term hi.sh-gracle bonds execute commission orders
on the New York Stock Exchange and also in the financial markets of
leading cities. We have correspondents or special representatives in
many of the principal cities east of the Mississippi Kiver.
250,0
250,0
200,0
663,4
122,4
301,4
2,401,6
922,5
1,671,2
96,2
61,4
56,2
67,5
25,1
101,6
503,3
180,6
770,5
237,9
2,581,4
Branch Office, Albany, N.Y.
22,3
15,0
954,9
546,3
169,2
2,657,6
1,394,3
163,5
32,7
34,1
41,0
310,0
418,6
60,9
85,1
146,5
63,6
67,6
291,9
367,4
1,000,0 1,055,1
126,0
200,0
60,8
500,0
139,7
200,0
400,0 366,8
125,7
250,0
244,1
200,0
203,8
200,0
265,5
100,0
107,2
100,0
880,9
100,0
133,6
200,0
116,8
100,0
577,1
750,0
163,0
1,000,0
302,3
100,0
212,7
300,0
266,0
1,000,0
205,0
200,0
66,0
30,5
43,8
364,3
413,0
143.5
68,8
368,7
186,8
597,1
303,7
319,0
675,1
470,0
68,9
62,2
59,3
152,4
3,6
135,0
86,0
310,0
155,8
56,2
66,6
19,5
180,1
279,0 1,515,0
197,0
85,0
164,9
190,2
612,0
210,0
95,3
163,6
185,5
735,9
80,4
129,8
650,9
174,8
46,6
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
France
144,0
183,1
64,7
207,2
443,9
284,5
628,7
110,0
125,0
*B.064,969
6,334,197
3,605,251
$29
20
$1,717
24,534
20,985
48,640
589,005
1,129,470
13,329
$663,054 $16,756,470
730,915
22,177,177
779,315
17.708.442
S47.236
20,678
42,046
$1,780,493
482,074
935,405
Of the above imports for the week in 1905, §71,415 were
American gold coin and §1,693 American silver coin. Of the
exports during the same time, $26,000 were American
gold coin and $10,000 were American silver coin.
Auction Sales.
200,0
150,0
300,0
252,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
21,351
12,892
102,577
4,000
687,499
7.257
11,555
4,000
Mexico
South America
Total 1905
Total 1904
Total 1903
45,05;i
$652,499 $15,403,910
538,335
West Indies
—See page preceding.
114,8
2,272,3
2,899,8
48.9 2,089,1
419,0 4,808,0
275,0 13,008,0
160,8 2,265,1
6,416,0
240,0 4,279,0
320,0 1,628,9
125,1 2,088,4
208,7
917.1
1,063,0 4,637,0
148,7 1,067,5
Ranking
aufl
^Umntinl.
&
Spenper Trask
Co.,
INVESTMENT BANKERS.
We
;
3,019,4
1,484.4
Tot.J'ly 8 116370 134490 1239308 5,340,9 7.131,4 163482 9.411,2 1433876
Tot.J'ly 1 116370 134490 1231076 5,378,0 6,764.4 158087 8.984,3 1408566
TotJ'ne24 116370 134490 1230701 5,432,0 6,880,7 140383 9,376,9 1391225
William and Pine
Moffat
2,303,1
Hoboken.
First Nat...
Second Nat.
Since Jan. 1.
$1,500
25.236,520
Co.
National
Second Nat.
Third Nat..
1,444,441,1
1,375.689,4
1,775.663,3
1,699,689,1
Pliiln.
J'ne24
J'ly
J'ly
Germany
West Indies
Brooklyn.
Brooklyn
Clearings.
Boh.
J'ne24
Net
Notes.
Borouqh 0/
Borough ...
Broadway
Circulation.
$
Gold.
N. Y. Crrr.
Boroughs oi
Colonial
11048609
11028127
L1208690
11164685
Deposit with
Specie.
merits.
i
Man&Br'nx
N. Y.
$
.T'nel7 255,465,5
J'ne24 255,4 65,5
J'ly 1 265.465,6
J'ly 8 265,465,5
De-
posits^
Legals.
Specie.
Exports.
Loans
Wash. Hgts
Century ...
Chelsea Ex.
Loans.
8, 1905, based on average of daily results.
omit two ciphers (OO) in all cases.
00s omitted.
1
BANKS Capital &
Surplus.
ciphers COO) in all these figures.
s' ve.
i
Bk. ot N. Y.
Manhat. Co.
Merchants'
Mechanics'.
America....
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
summary
a
ciphers COO) in all cases.
h.
F
New York
is
6
&
Sts.,
New York.
White,
Members New York Stock Exchange.
• HANOVER BANK BUILDING,
NASSAU STREET,
i>ealer§ in Investment Securities.
COMMISSION ORDERS EXECUTED FOR CASH ONLY.
K
2
July
'
THE CHRONICLK.
15, 1905.1
fBanttm'
195
The market for railway and industrial bonds does not;
show any marked increased activity or notable, change in
general characteristics. The transactions in Japanese is-'
Miea have been on a large scale and perhaps these securities
(&ixzztU.
ty For Dividends see page igj.
WALL HTKEKT. FRIDAY, JULY 14 1903.-5 P.M.
The Money Market and Financial Situation.— As has fre3uently been the case of late, it is not easy to traoe any
irect connection between the general news of the week and
the movement of prices at the Stock Exchange. The news
from all sources has been almost wholly of a favorable
oharaoter. Stock quotations on the other hand have fluctuated widely and in a large majority of cases are lower,
wbile a few have made a somewhat conspicuous advance
towards higher prices.
The foreign markets responded quickly to the general approval of the appointment of M. Witte as chief Russian
Envoy to this country in the nterest of peace. Both Russian and Japanese securities advanced, as the prospects of
an early and satisfactory settlement of the Far Eastern dispute is regarded as materially brighter.
Practically all reports from the agricultural districts indicate a favorable condition of the most important crops, and
as a consequence prices at the Cotton and Produce Exchanges have declined. At the same time reports of railway
earnings show a large traffic, and, as will be readily seen
have absorbed the interest of investors to the exclusion o(
railway issues. Recorded sales of the latter have been well
distributed and show but few exceptional features.
Union;
Pacific convertible 4s have declined in sympathy with the
shares. Central Leather 5s have this week been added to
the list and have been strong, Central of Georgia isfeues are
1
also higher.
United Slates Bonds.— Sales of Government Bonds at the
Hoard are limited to $3,000 3s, reg., 1908-18, at 103^. The
following are the daily closing quotations; for yearly range
ate third
page
foilouii g.
July
8
Interest
Periods
2a,
registered Q- -Tnn
1930
ooupon 'i -Jan
2e, 1930
2s, 1930, amaU-registered ...
coupon ...
28, 1980, small
3s,
3s,
3a,
•>3,
la,
4s,
registered
1918
1918
registered
July
10
11
103'
•103 7
Q
coupon Q
*
Ju'y
Ju'y
08
104
1
Mil
July
13
108Ta '108*1
1(13 h
103'6 •103'e 103'(
7
Q -Fob •103'
coupon Q- -Feb
1818, BmalLregisteredQ- -Feb
coupon Q -Feb
1918, small
1907
1907
1926
1925
•
J llll/
14
108»e •103',
»
'.i
103 'J
104
103
•103', •103',
108 84 •103 '4
4
104
•104
'104
>ioi" -ibs"
'104
'101
'132
•i():i'
-Jan •104
-Jan M04
103" '108" •iba"
101
104
-104
'104
132>4
•101
•104
104
mi
132',
132>4 •0)81 '4
registered Q -Feb *132
is.
by the foregoing, the indications are that this traffic may is.
'13234
coupon C}- -Feb
32
132 3
13234 «13234
39
during the coming months. No gold has been exincrease
* This is the price bid at tho morning board
no sale was made.
Although time- loan rates are quoted
ported this week.
Railroad and Miscellaneous Stocks —On a volume of
fractionally higher, the money markets at home and abroad
business considerably smaller than that of last week the
are relatively easy, and, as we remarked above, there seems
market has been decidedly irregular, Monday's marbe nothing in current events or immediate prospects to stock
to
ket was weak under tho influence of liberal fferings of
account for the decline noted in security prices.
The open market rates for call loans on the Stock Exchange Union Pacific and Reading. Heavy sales of these issues
on Tuesday, resulting in a decline of 3% points
during the week on stock and bond collaterals have ranged continued
Union Pacific, 4% for Reading, and lower
from 2 to 3 p. o. To-day's rates on call were 23^(g2^ p. c. in the case of
prices generally throughout the list. Soon after mid-day
Prime commercial paper quoted at 4@4J4 p. o. for endorseon Wednesday there was a sudden change in the tone of the
ments and 4@4^ r. o. for best single names.
The Bank of England weekly statement on Thursday market caused by a rapid rise of 11 points in Northern Pacifio
price since its restoration to the_
showed a decrease in bullion of £258,198 and the percent- to the highest recorded
active list. In sympathy with this advance Great Northern'
age of reserve to liabilities was 48'66, against 42"65 last week,
moved up 8 points, and several important issues advanced
the discount rate remaining unchanged at 3J| per cent. The
Bank of France shows an increase of 13,150,000 francs in gold. from 2 to 3^ points, including Union Pacifio and Reading,
SevSt. Paul, North West., New York Central and others.
NEW YORK CITT CLEARING-HOUSE BANKS.
*
L
!
>-2
1
'
'
i
;
1
made further progress during the early part of
Thursday, but what had the appearance of profit-taking!
sales arrested the upward course of prices and caused a
reaction in many cases, Asa result of the week's operations
about one-fifth of the active list is from 1 to 10 points higher;
than at the close last week and the remaining four-fifths ia
eral of thes9
inferences
1905
July 8
115,972,700
Surplus
139,492,800
Loans & discounts 1,116,458,500 Deo
4S,S5!',90(i Inc
Circulation
Capital
4,410,500
323,100
7,733,800
,
Net deposits
210,971,3(11;
,
c
Dec 1,861,700
297,534,10(1
Reserve held
p.
3,772,8(10
86,562,801
Legal tenders..
26
Dec
Dec
•1,158.305,100
Speoie
1903
July 11
9
109,822,700
115,972,700
134,323,400
1,078,294,800
39,168,400
1,158,150,300
243,093,900
82,461,400
909,629,000
43,910,200
892,143,3U0
156,673,100
74,371,200
325,555,300
289,537,576
231,044,300
223,035,825
Deo 5,634,500
289.570,275 Deo
ot deposits
1904
July 9
irom
previous week
1,933,450
129,059,3(10
7,957,825 Deo 3,701,050
36,017,725
8,008,475
Surplus reserve!
$11,977,600 United States deposits included, against $12,387,400 last
week and £23,282,400 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $10,962,225 on
July 8 and .$14,755,725 on July 1.
.Note.— Returns of separate banks appear on the preceding page.
*
—
lower.
The United States Steel issues have been exceptionally
active throughout the weelr. They were in demand and advanced on Monday but have failed to maintain the prioes
then recorded. Sugar Refining and Smelting
Refining
&
have been weak.
For daily volume of business seepage 203.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
stocks
Sales
Week Ending July 14
Week
Foreign Exchange. The foreign exchange market was
Amer Beet Sugar
heavy this week, influenced by liberal offerings of finance Anier Ice, pref trctfs....
Buff Roch & Pittsburgh.
bills and by a lighter demand.
Chlo
Quincy
To-day's (Friday's) nominal rates for sterling exchange GleveBurl
& Pittsburgh
were 4 85^@4 86 for sixty day and 4 87J4<34 88 for sight. To- Del Hudson rights
day's (Friday's) actual rates for sterling exchange were (ieneral Chemical
Preferred
4 8495@4 8505 for long, 4 8665(34 8675 for short and 4 6685® Havana Eleo Ry
4 8695 for cables. Commercial on banks, 4 8470@4 8480, and RR Securities 111 Cent'
stock trust oertinoater
documents for payment, 4 84@4 8495. Cotton for payment, Rome Water & Ogdensb
4 84@4 84i£
cotton for acceptance, 4 8470@4 8480, and Rutland, pref
U B Leather
gTain for payment, 4 8490@4 8495.
Do trust receipts
<fc
cfe
10,
25
100 37
10c 150
5 205
60 183
J'ly
J'ly
J'ly
J'ly
J'ly
12
\V
25
37
11
100
13 205
lv 183
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18^t@5 18% for long and 5 16liX@5 16&* for short.
Germany bankers' marks were 94 13-16f(394 13-16 for long and
95L£(395 3-16f for short. Amsterdam bankers' guilders were
40V4ir@40 5-16** for short.
Exchange at Paris on London to-day, 25 f. 14^c; week's
range, 25 f. 15J^o. high and 25 f. 14c. low.
The week's ranse for exchange rates follows
lWly
:d;i
©4 6530
I
'&>
|
4 tol>5
4 8690
I
@
4
8665
2>
4 8675
4
87
4
8715
®
4o6:5 a
4
4
.
8720
8695
farU Bankers' Francs—
High....
I
Low
5
®
@
5 18>t)t
|
18V
5 18>«
5 lb^
Germany Banters' Marks—
High....!
Low
I
94i3 l9
-w
®
94l-i c t
@
16V ®
I
5 16>4»
|
5
I
95
04?.
J413 19
16V
5
5 16>4
®
95»
a,
4
954
953 18 t
M
Amsterdam Bankers' Guilders—
High....
a
I
Low
|
Less: 'ijgoflOt).
|
t
i
32 of 1%.
40>«fl
40 '4
a.
i a 39
of
l^
®
©
40' 16 *»
406 19
t'
1
920t 1%.
rates for domestic exchange on
at the under-mentioned cities to-day Savannah,
buying 50c. per $1,0(0 discount; selling 75c. per $1,000 premium; Charleston, 12^c. per $1,000 premium; New Orleani,
bank, 60c. per $1,000 discount; commercial, 75c. per $1,000
discount; Chicago, 20c. per $1,000 premium; St. Louis, LOo
per $1,000 premium; San Francisco, 50c. per $1,000 premium.
State and Railro.'.d Bond?.— Sales of domestic State bonds
at the Board include $20,000 Virginia 6s deferred trust
receipts at 13 and $4,000 Tennessee settlement 3s at 98,
:
Wry K'
J-iyll
J'ly 11
J'ly 12
UWlylo
13>»J'lyl4
109 J'ly. 110
3,325 lll\J'lyl2 114
5,225
3(J(>
J'ly
J'ly
8
8
H,J'ne
lWly
Mar eawiy
Apr 105 J'ly
15 Apr 17 », J'ly
56
101
P7
J'ue
ms^J'ne 137
J'ly
P2
Jan
e2
J'ly
72><iJan
11
Apr
14VIan
10'B M»2
UVMar
110
103'sB'eb 114
lOii'gJan
J'ly
J'ly
Oatside Market.- Quiet conditions have ruled in the market for unlisted securities this week, there being no disposition to do business on an active scale except in a few issues.
Dealings in Northern Securities stock have been somewhat
larger than of late, total transactions f r the week aggregating about 10,000 shares
in sympathy with the upward
movement of the Hill stocks on the Board, the price of these
shares advanced on Thursday to 178^, a g.iiu of 6}^ points
over the close of last BViday to-day there was a reaction to
lTO 1^, but this was followed by a recovery at the close to
172,
The "Stubs" fluctuated between 230 and 312>£ and
ended the week at 287^. Electric Vehicle common declined
of
2 points to '.0;
after an advance
the preferred,
Less inter* at has been displayed
\i to 29^, fell to 26.
this
in the
issues
International
Mercantile Marine
week; the common moved down from 13^ to l'J'i and the
UuittJ Cupp< r was the
preferred lost \)4 points to 2 J!4".
prominent feature of the copper group; the announcement
of the initial dividend on the common stock was reflected by
an advance of 4% points to 23 in the price of these share*;
the preferred rose from 71J^ to 73!^. Renewed activity and
strength developed in Tenne-jsee Copper, the price of which
ran np from 20W to 29; the last sale was at 88] 35,000 shares
of the stock of this company was recently offered for publlo
Mibsoription at 2.r
Greene Consolidated <J.-ld advanced
>.
from 4^ to 5% and closes to-day at 5&. Greene Copper declined from 22i^ to 21?£ and the final sale today was at 22.
Outside quotations will be found on page 20J.
;
(
Plus: lihaof 1%.
The following were the
New York
8 94
J'ly 11 130
J'ly 10 68
J'ly 12 14
93"sJ'ly
136
42;
62
6(
14
;
-Cables.
-S/iort.-
-/x/nj/.-
Sterling Actua'.—
High....
4 8520
Low
4 8495
Preferred
Pref trust receipts
24 Jan 34 '•j Mar
34 Ma; 41»4Apr
118 Apr 159 Jau
J'lyl3 201 J'ly 250 Jan
J'lyl2 182 >4 May 185 Jan
90o
15(
10<
1.
J'ly 12
J'ly 12
J'ly H
8
lW'iy 162 J'lyld
61 J'lyK
104»,J'lyl 105 J'ly
2t(l
16 J'lylj 17'<J'lyl4
25,402
i
;
Range sines Jan.
Range for week
/or
New York
Exchange— Stock
Stock
Record, Daily, Weekly and Yearly
OCCUPYING TWO
STOCKS— HIGH EST AND LOWEST SALE PRICKS
Monday
Saturday
July 8
Wednesday
Tuesday
July 11
July 10
July 12
Thursday
July IB
l'AfJK-
STOCKS
NEW YORK
Friday
July 14-
Sales
EXCHANGE
oi
the
STOCK
Jiani/e /or Year 1905
ot lOU-share lots
Hange
tor Previovt
Year (1904)
On basis
Week
Highest
Lowest
Sharet
Highest
Lowest
Itllill n:i (la.
85 k
85
102 k 102 k
162 162
85% 86% 85% 86k
k 102 k 102% 102 k
160 160k
160
114%ll5k 114 114%
•97
99
98 k •97
69% 70% 68% 69%
69%
87
90 k •87
90k
151% 152% 151%152
151 152
•i!8% 70
•68 k 70
*68k 70
84% 85%
83% 85%
85% 83
102% 102 k 101k 101k
161
161
1
57
k
102
158 L68
113"* 115
898% 98
101
159 k
113% 114% 112% 114k 112k 114\
97 k 97% •!I7
99
98
71% 70% 72% 69% 71
*87
87 90 k
00 k
90
162% 163
15()k 152 k
161% 152
68 k 70
68% 68%
•68 k 70
•97
71
•87
201
204
•203
53% 63%
•37
•75
20
•85
•63
38
79
20
87
65
201
63% 54%
36% 37
•75
•200 201
62 k 53 Ti
79
•85
87
199
A
202
5203 203
63 k 64%
•36
37
•200
205
t«h.
pref
RR
|>altlmoro& Ohio
•'Do
2.70«'
3,70,1
151
Brooklyn Rapid Transit..
Buffalo <fe Basque, pref..
93,715
Canadian Pacific
» Canada Southern
Central of New Jersey...
33,6*0*0
I
200
87
63
38
1
10
17,825
1,000
1,001
14,000
9
,
1
* 1
i
•
<
K.
S,
23 k 23%
94
•90
•92 k 93
187% 168%
23 k
93
93
167% 1C8
23
•89
93
-88
26k
51%
166
•26
•61
•82
•88
93
93
92% 93
165% 169%
167 k
27% 27%
52% 62%
27 k
27k
52k
52k
83 k
83k
26% 26% •25% 27
•26k 26%
56k 56% 55% 56% •55k 57k
30 33 -31 33
33
•30
*92% 98
•92 k 98
-92k 98
27
28
Si's
•
51k
•82 k 83 k
•83
318
56
149 149% 149% 150
•164 166
166
•166
83
83
83 14 83%
128 129 k
128% 130
$318
320
56
•815
55
54
''
21% 21%
21% 22%
146 •130
-54
60
•86
94
123 '4 122
*160
161
29
•28% 29%
•130
•54
•85
123
•160
4k
100%100-
64%
l;
t
•148
•19
18%
49 k
115
82
1
200
52%
85 %
;
*91<-,
99% 100%
53
85%
94
48
110
•78
200
•92
49
115
82
200
53
52k
85% 86%
91k
•105
110
94
20
147% 148%
189% 190% 189
92 k 94 92
•105
160
*36k 37
•36k 37
•18% 20
148
•48
•110
•79
•199
123H
161
29
64% 65
'148
149
146
60
93
•92
94
190%
94
110
95
142% 143% 142% 143%
•36
40
•36k 39
*76k 80
102 k HO
107% 108k
*
k 95
93% 95%
31% 31%
93
75% 76
'.j
70
102k
'
•82% 84
106 klOSk
94 k 95
91
96
31% 31%
76 '4 76 k
76
68
78
'.j
27% 27%
•61 k 52k
•82 k 83 k
26%
58%
30%
93
27% 27k
•51k 52k
•82
76
•76
80
•102 k U2
80
•102 k 112
•76
80
102k 112
Hocklng Valley
Do pref
76
93
93
30k 31
76k 76k
76
52
22
76
68
•76
78
78
68%
67
68
66
'185
195
195
•185
24 k
23% 23 k 23 k
63
62% 62% 62
64 k 65%
63
64 k
63%
117% 117k 117k •117 k
117k
33% 3!',
33
33% 33
98 k 98'-,
98 k 98 k •98%
9';i
99 k 99
•99
100
185
•23 4 24k •23
62% 62 % 62
16
52
23 k
78
67%
93
95
600
24,450
Illinois Central
300
400
owa Central
Do pref
58
30
4,05(
pref
"*5*2
•76
100
81
80
112
•92
Do
L.
Shore
&
Louisville
&
Manhattan
17
76
78
67% 68 k
195
•185
24
23 k
62
62
195
24
63
•15
17
53
24
78
68
195
23
22
•76
•67
185
23
11.65U
1,360
12,500
55,300
11,100
Nashville...
Elevated...
etrop. Secur., sub. rec.
Metropolitan Street
Mexican Central
Michigan Central
& St. Louis.
Do pref
Minn. S. P. & S. S. Marie.
Do pref
Mo. Kansas & Texas
Minneapolis
1,200
560
Do
pref
Missouri Pacific
Chatt.
St. Louis
Nash.
2,720
17,901
&
at.of
300
900
Mex, non-cum.pf
Do 2d pref
N. Y. Central & Hudson..
Y. Chic. & St. Lotus...
N.
Do 1st pref
Do 2d pref
N. Y. N. Haven <fe Hartf
N. Y. Ontario
& Western.
Norfolk* Western
Do adjustment pref.
Northern Pacific...
Pacific Coast Co
Do lstpref
Do 2d pref
Pennsylvania
reoria& Eastern
Pore Marquette
Do
94
•49
17
225
Mich. South'n
Pittsb.
pref
Chic.
Cm.
&
St. L.
2d pref
31
32
Rock Island Company
31k 32
76% 77% a;70k 76 k
Do pref
23% 23%
"800
Dong Island
Da pref
104% 106% 104% 107
106% 107% z!03% 105% Reading
94
•93 % 93% •93
93
94 k •93
1st pret
94 k
593% 93%
30% 31%
37
83 k KC.Ft.S.&M.,tr. cts. pfd
ansas City Southern..
26k
58
Do pief
33
Lake Erie & Western...
26k
101
85
ctf.A
dob. otf. 1-
Do
98
•92% 98
318 320 318 320 '318 820 •318 320
•55
•55
•54
66
•55
66
56
56
147 149
147% 149k 148 % 149 k 148% 148k
165 165 -a 165 165
•164 165 k 165% 166
83
81% 82%
8lk 83% 81
82k 82
125 128k 125 k 127 k 125% 127% 125k 126%
22
21
21
22% 21% 22
21% 21%
130 110 125 146 125 146 •125 146
•54
•54
60
54
60
60
•86
•85
•85
95
95
93
122 k 123% •121 % 123 k 123 123k 123 123%
•168 160 • 167 160
-169 161
'158 160
28
28
«28% 28 34 •28% 29k
28k 29
63%
63
63% 64% 63
•63k 64
63%
99
97% 99% 98
98% 99 k 98% 98\
145 146
145 148 •145 148
145 145
•36
•36
37
37
36% 37 k 37
37%
•19
•19
•20
22
22
-19% 21
21
145% 148
145% 148
147% 148 k 147%148
48
•47
47 k 47% 48k
48
48k 47
•110 115
•110 115 110 115
110 115
•78
81
78 81 78 81 •78 81
2U0 200 J199% 199% }20O 201
200 200
51% 52 k
52% 52% 52% 52%
51% 52%
86%
84% 85 k 84% 85 k 86
85 k 86 k
91% 94 *91k 94 •92 94 -91k 94
203
100 190 k 190 k 201% 198
197 200
-92
94
95
96
94
95
•104 110
105 110
103 110
95
96
96 k
93
91k 91k
141 142 k 141% 142% 142% 143 k 142 k 143
•35
•35
40
35 40
35
40
35
21k 21k
*76
O'J
195
Green Bay&W.,deb.
88
93
93
168% 170% 167% 169
26 k
78% 80 k
80
Ul
93
93
26k
66% 66%
30%
33
•92% 98
•92 k
•25
66
•31
16
*
93
93
23%
23
•88
93
^t. Joseph JfcGr'd Island.
t> Do lstpref
Do 2d pref
St. L.
&S.
Fr., 1st pref....
Do 2d pret
C.&E. I. com stock tr ctfs
St.
Louis Southwestern..
21,500
300
83
17
Feb 10
00
24kJ'nel9
86% Jan 18 99 Marll
90 Jan 18 96% Mar 13
152% Jan 25 17o% J'ly 13
24 Muy24 32 Feb 3
50 Maylu 58% Feb 3
81% J'nelii 84 k Marl6
22% Muy22 34 Feb 14
52 Jan
70 Pebl4
28% J'neD 44k Marl4
91 J'neli 106 Marl3
?290 Jan 2o *350 Marl3
50 k May22 65 k Feb 3
1134 k Jan 25 D56k Apr26
161
May 1 175 Feb 9
73 Jan 9 91 Marl7
114 Mayll 131 J'ly 5
18% May22 26 Marl3
$130 J'neU U50 Febl6
56k Jan 12 64% Apr 7
86 Jan 19 91 Feb 24
89 k Jan 11 125 J'ne27
148 Jan 13 109%Mar29
24 May22 33% Jan 18
56% May23 69 Marl 3
94k May22 llo%.\iarl3
137 J an 12 158 Apr2ti
33% May e 45 Jan 16
17% J'ne20 24 k Jan 10
136% May 21 167% Mai 14
42 Jan 20 55k Apr 8
115 Marl 3 122 k Jan 30
i-
74 May A So Apr 7
1,230 2194 May2£ 2 10 k Feb 4
9,250 40% Jan 5 64 Mar3o
29,970 76 Maylo 88k Marll
91% Feb 2 4 y4 k Feb 3
27.976 165 Apr 24 -'03 J'ly 13
2,100 78% Jan 1" 98 k Feb 7
100 Jan
108 Feb 6
l
1,000 85 Jan 12 JS Feb 7
May22 147% JVlarl3
232,556 131k
100 27 Jan 25 48% Apr 3
77 Jan 6 106 Feb 14
1,100 78% J'ly 12 87 k Feb 6
70 May23 87"4 Mar 13
105 Febl7 112 Marl3
422,000 xTJ Jan 13 108% J'ly S
3,800 90 May 2. 95 J'ly 8
84 Jan 5 96 J'ly lo
12,751
40,746 24% May 2 2 37% J an 18
Jan 4
2,600 71% May 2 2 85
600 12 J'ne i 17% Jan 31
May24 58% Jan 21
100 46k
500 2o J'ne t 29 k Feb 3
73 % May 2'. 81 k Mar 6
61 May20 73 k Mar 6
i'-fo'o
175 J an 30 194kJ'nel2
505 20 May22 27 k Jan 20
615 55k May 1 66% Apr 18
120,000 57% May 4 72% Feb 27
1
*•
. .
47 k J'ne
20 J'ne
121%
36% Maris
too Mar22
99 k J'ly 10
41 Marl 3
155
105
k Nov
4
Dec
96 k Oct
70% Not
89 Aug
135%
(Jet
Nov
194% Nov
51
Nov
47% Nov
8 5k Jan
26% Nov
00 Nov
74% Nov
39 k Nov
72
i
135
Nov
Mai 160
{165 Apr 192
I
ice
k Aug 16% Nov
llkAvu; 27% Nov
4 J'ly 15% Nov
29 May 48 k Nov
U8kMa> 93% U>c
100 Feb 115 Nov
5
13 k J'ne
48 J'ne
24% Nov
63
Dec
17%J'ut 37 k Nov
149 Mai 190k Deo
250k Feb Sj'd'i Deo
18 Mai 35% Nov
64 k Feb 89 Deo
19 k Jan 27
Deo
60% J'ne 79% Deo
5% J'ni 14% Nov
9% Aug 28 k Nov
21% Ma> 4 1 % No
55% May 77 Dec
33
54
72
11
Maj
58 k
67
Feb 83
Mai 242 k
Ang 86 k
J'ly
J'ne
Maj
Mai
125% Feb
60
77
14
J'ne
32
Feb
64% J'ne
16% Feb
31
26
85
5245
46
101
Feb
Mai
40
80
55
116
Dec
Dec
Nov
Deo
Nov
20% Nov
94 Deo
95 Dec
159 Deo
33 Not
59% Nov
83% Not
31% Not
56% Not
43% Deo
J'ne 105 Oct
Nov «300 Deo
May 62 k Not
148% Deo
Feb
139% Mai
72% Mai
104% Mai
5 Apr
5119% Feb
169 k
96 k
Not
Ang
130% Oct
J'ne
23% Not
Not
67% Jan
J'ly
96 k Sep
150
Jan 95 Oct
Ma\ 150 Oct
14% Feb 36% Not
32% J'ne 65% Deo
87 Feb 11 Ik Deo
101% Feb 147% Deo
34% Feb 45% Not
15% Feb 25%>iov
112% Mai 145 k Deo
25 May 47 Deo
Not
101 k May 115
60 J'ne 78
$185% May 199
Deo
Oct
19% Mai
47% Oct
53 k Mai 80 k Dec
88 May 95 Deo
51
95
Feb
2
Jl
J'ly 101
k Dec
Sep
86%
61% Jan 86 Deo
.11% Mai 140 Deo
17
Mai
74% J'ne
May
Apr
Apr
oS-'i Mar
76 Mai
55% Feb
19 % Mai
57% Jan
Mai
35 May
$»$
55
90
16
{61
Jan
32 k Deo
81 %Jan
7 9 k -N ov
Deo
Dec
82%:Dec
92 Dec
Dec
85
80
107
37
'4
.
Nov
86%..Nov
Nov
Nov
Nov
18
60
30
79 Dec
72 k Dec
185 Dec
150 Jan
9kJ'n* 29 Dec
Mai
39% Jan
25%J'nt
41k Mai
Feb 15 113
134% Feo 16
37 k Apr 12
89% Nov
104% Nov
137% Feb 177 Dec
173 Mai l«5%Oct
161% Mai 214% Dec
207 Fob 237 Nov
170
Jan 13 70
May
Do pref
62% 62%
64% 65k
64% 63% 65% 64% 65% Southern Pacific Co
117', 1171,,
117% 117 k 117% 117k 117",
,260 115% Jan 5
Do pref
33% 34k
33% 33 k 34
33 k 33 k Southernv.tr. cfs. stmpeo 29,300 28 May 19
98 k 98 k
98%
do
98% 98%
Do pref.
955 95 Ayr2t
98% 98 k
*99 100
99 100 •99 100
100
100 97 Apr 18
M. <te O. stock tr. ctfs
•34
31
34% 34',
33% 34
33% 33% 33% 33% 34
3,050 29% Apr 2li
34
i^exas & Pacilic
128 130
130 130
128 k 129 k 128 128 x 126% 126% 126% 126%
hird Avenue (N. Y.)...
1,665 124 Apr-21'
•34
35
34% 34% 34% 34%
•33
31% 34%
090 22 k Jan 13
34% 35
34% Toledo Railways tfc Light
>
Feb
1
"8bT 60 J'ne 9 70% Apr 17
63 k
63
37% Apr 7
300 29 May2
•31% 82k •31% 32 k 31% 3 3
181 182% Chicago Milw. &, St. Paul. i54/;_'
180'.
May A l«7kAprl7
177%180
177% 179
179k 182%
179 k 180% 179%
189 189
188% 189
188'-, 186
187 187
Do pref
500 182 k Jan 13 L92%Aprl7
188
86 188
'180
J'ne
200^ 10 k 208% 208', 206 207% 206% 208% 208 210 20«%209k Chicago & North Western 6,175 rsi Jan 249 Jan 31
Do pre!
13 265%) Feb 1
235 260 •233 244 '235 243 235 242 •235 240 •235 240
•185 188 185 188
225 Jail 31
187% 187% •185 190 Chic. St. P. Minn. & Om.
185 188
100 150 Jan
•185 188
195
Jan 17 Ji'i Jan 31
190 200 •190 200 •190 200
Do pref
190 200 190 200 190 200
*
•
"iijT
19
19
18% Chicago Tenu'l Transfer.
7% Jan 6 20 J'ne218
19
18
18%
•
40
39 k 39 k
500 17k Jan 4 42% J'ly 5
39 k *37k 41
40% 40k 40
Do pref
»39k 40% 39
•7% 7k
7>-j
7% 7% Chicago Union Traction. 1,300 6 J'ne
13% Weu 2
8
7%
7k
7k
7%
7%
7k
•32
32 35
•32
-32
31
35
31
•MS
400 31 J 'ne:
54 Feb 3
34
Do pref
36
•32
•96% 99
90 Jan 14 111 .\Iar2i
•96
98 k •96% 99
*96k 99 Cleve. Cin. Chic. & St. L.
•97k 99
y»
•98
•115 120
118 May A 121% Marll
115 120 •115 120
Do pref
•115 Ijjl 116 120 3 115 120
30% Apr 26
27 k 27
1,800 22% Jan 21
27% 27% 27% 27% 27% 27% Colorado & Southern
27k 27-s
27 4 27 k
2,2ii(j
•59% 60% 5#k 59%
52 Mayj. 61k Fob 10
60
60
Do 1st prelerred
68k 68 k 58 k 69 k 58k 69
38
38
38
38%
5,200 32k Mavj:
39 k Feb 3
38
38 k
Do 2d prelerred
38%
37k 38
37k 38
38
190 k 191
4,200 178k May22 196% April
189 k 190 k 189k 190% 189% 189% 190 k 190 k Delaware & Hudson
191 191
400 Marll
385 385 •382 k 385
390 390
600 335 Jan
390 390
380 390
elaw. Lack. & West'ii.
390
'380
2,100 27% May 23 36kMarl4
31% 32 k 31% 32
*30k 32 Denver <& Rio Grande
31k 31k 31% 32
•31 k 32
86% 87
87
87
86k 86k
Do pref
1,200 83 k May 1 91
Marie
87
86% 86% •86% 87
87
•22
•21
*22
23 Des Moines & Ft. Dodge.
18 May22 28kMarl7
23
23
22 k '-23 •22 k 23 k •22 k 23k
93 k
93% 93% a:91% 92 Detroit United
900 78 k .Ian2" 95 J'ne22
93%
93
94% 93% 93% •93
*93%
•14% 15 Duluth So. Shore & Atl..
15
14% 15
1,200 11% May2H 17k Jan 21
15% •15
15%
15
15% 15% •15
•28
29
1,150 21 May22 37 Jan 21
29
2y
29
Do pref
28% 28% 28 k 29% 29
*28k 30
48% Marll
47% 46% 47% 46 k 46% Erie
137,560 37 k May2
45% 47% 46
46% 47 k 47% 47%
83
83 k
82% 83%
27,250 74% May22 83% J'ly 7
82 k 83%
Do 1st pref
82% 83% 82% 83 k 81% 83
72
73
72% 71% 72
19,200 55 k Jan a 74 J'ly 5
71% 72k 72
Do 2d pref
71k 72',
71 34 72%
64 65 •62 65 63 65 *63 65 •63 65 Evansv. & Terre Haute..
800 63 J'ly 6 72%Janl6
64k 65
90 Feb 28 90 Feb 2
Do pref
85 90 •85 90 •85 90 •85 90 •85 90 85 90
288 290
285 286% Great Northern, pref
282% 283
281 281
7,600 236 Jan 4 335 Apr 17
262
283 290
•281
,
64
Jan 2.' l'U% J'ne27 87% Jan
Jan 25 170 Apr 21 104 k Feb
>o k Jan 2£ 115 '4 J'ly 13
72% Mar
.Mar
leb 8 87% Feb
98
91
56% May2H 7:'.kJ'ly 3 38 Feb
:-7% Jan A 91% May 13
Nov
130% Jan 25 155% Apr 7 109% Mai
67 % Jan 1
72% Jan 31 64 Apr
I'm
May23 205 k Feb 3 154 k Feb
45 k May2V 60%.\!ar21 28% Mai
.,1
May2
44k IfarlC 33 Jan
77 k
Dl 2
83% Apr 7 75 Jan
21
25% Marl
12%J'ne
17k May
B3% Moy2! 88 k Mar 15 80 k J'ly
99
120
1
pref
53% 53k Chesapeake & Ohio
36 Chicago & Alton
86
79 k
79% •79
Do pref
78% 78% 79
10% 20%
19% 20% 19% 20% Chicago Great Western..
86'.
•85
•85
•85
87
87
Do 4 p. c. debentures
•62
•62
65
65
62
Do 5 p. c. pref. "A"..
65
•31
32%
31% 31% '31
Do 4 p. c. pret "B"..
32%
•85
93% Mar
Topeka&Santa Ft 77,200 77% May22
Do
'*-
Atlantic Coast Line
>.
52% 63%
36% 36%
78 k 78".
19 k 19%
19% 20 k
•85
63
102
160
'•.,
60% Dec
68% Not
Sep 119k Dec
18k Feb 37 k Dec
77 k Jan 97 k Deo
90 Fob 08 Dec
20%J'ne 38% Nov
115 Mar 134 Oct
17kJ'ne 27 k Oct
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bunks
Bid
Ask
NKW YORK
Letua
172k
!uuenca| ... 520 530
i.mer Exch.. 275
280
Vstor
775 825
Battery Park 155
165
ioweryll
325
Butch's* L>< 155 165
;entury1]
195 210
3hase
650
Chatham
320 330
Chelsea Exc« 170
"
L
1
Banks
Bid
Chemical
Ask
4300 4350
Citizens' Ctrl
170
Banks
Bid
Fifth
340
First
730
14thStreet1|. 145
Ask
Bid
IlanKi
Ask
Banks
Bid
Ask
Banks
InterboroTJ.. 155
750
155
215
420
160
Metropoli'nH 165
Park
234
238
Mt Mornslu. 210
People'sli
Irving
Bid
515
290
190
575
i
195
Mutuailj
300
Jettersonl]... 177k 185
510
205
Plazali
Nassauli
195
Liberty
200
1500 1700 New Ainster 475 510
Prod Exchli 175 185
Gallatin
Lincoln
410
280
Columbia!) .. 400
Riversidel] .. 250
Garfield
New York Co 1300
Manliattanll. 320
500
650 700
Commerce... t205 t206 German Ami 155 165
Nat Ex. 195 205
Seaboard
Market&Ful 260 270
700
Consolidated 150
New York...
152 k German Ki' 400
285 295
320
Mechanics'
165
C'rnExchge'; tasik
Shoe<fe Leth. 155
Germaniall .. 450
Mech & Tral 180 190 19th Wardll. 350
1200
DiscountH
150
North Amer. 233 238
160
Stateli
Greenwich II 235 250
Mercantile .. 260 270
200
East River.. 150
34th Street..
Northern
160
135
Hamiltoull .. 190
Merch Exch. 170 175
Fideiityll
190
255
12th WardTi. 225
Hanover
185
Orieutalli...
265
Merchants'.. 175
495 505
Fifth A veil.. 3500 3750 Imp & Trad. 590
PaciticH ....
23d WardH.. 150
100
250 265
Metropolis
Bid and asked pnoes; no sales were made on this day. i Less tnan 100 snares, i Ex ris?uts.
New stock.
State lianKS. u elx divide ud and rights.
Sale at Stock Exchange or at auction this weeK. s Trust Co. certificates.
n Sold at private sale at this price.
h Assessment paid.
City
280
Coal & Iron. 230
Colonial 11 ... 575
285
240
Fourth
NY
.
.
.
',]
1|
3'
4
Jul*
15 19"5.
%
3
ASH LOWS8T BA L
July
i>
•98
08
624
•213
260
14
39% 894
15% 15%
•40
24
•243
243
250
•14
16
14
53
84
04
64
l
4
82% 834
";;".•>'',
•17
•39
4734
"884
98 4 98 4
98
314 31%
89%
91
240
{91
89V,
240
•22.">
6
5
'6
4
534
36 4
64
354
254 26
27
"17 Hi 20
•39
44
48*8 60
112 112Hi
64
36
2184
•17 4
19
•39 34
43
24%
19 4
46
484 49%
60 4
110% 1124 111% Ul%
54 5% •54 6%
•6% 5%
6H1
6H1
24
24
24 4 24 4
25
24 Hi 24 Hi
25
98%
98
98% 98
98*8 98% "98Hi 99
117 1184 115%117% 116 116 4 115 1164
119
120 •119 4120
•119 ll'J>» }U9 119
l
•167
175
•167
•167
175
175
•167
175
•1034106 •102 106 •103 106 •1034
94 10
"9% 10%
"9% 10 Hi
*9% 104
•37 4 39
37 4 38
39
384 384 •38
14U4
140
•137
•139
•y7
4140%
139
98
97Hi
364
374 874
»7%
37
'4
Hi 5
•154
{56
"2
474 48%
464 474
95
95
•
13% 13% •134 144
•189
•10
•48
42
S3
191
11
50
188H.189
......
•95 110
94 4 9434
178', !7o%
104
484
424 {12%
62 4
83
..
•177
180
•19^4
204
-
BO
,
B
57
-j
104
484
42%
824
..
•95
934
177
'19
1978 19%
•78% 79%
70
-29
•80
804 804
30
29 4 304
74 4 74 4 •70
614 6P4 61
•117 118 •117
* 24
23
25
•89
9o
•f9
464 464 46
•104 106 •101
14841494 14934
99
99 >9 99 4
43 4
44
•4a
76
•2D
78
70
30
83
14^4
•240
36
•98
14<4
•240
242
30
99
204 *0%
81
81 Hi
34 Hi 34 '4
•102 107
84 Hi
85%
•lo7
125
81%
78
614
1
1
*%
914 92 Hi
* ...
444
*10
•72
11
•
1
30*4
31%
y4
94
126
90 4 91
34'.
'e
81%
34%
83
104
87
42
42%
lo2
4
loi
4i
-40
•235
•80
81
•90 110
94 4 95 3,
•81
•90
96
30%
4
93
125
90
lo.-)41iiU4
324 844
102% 100 '4
-414 44 4
•10
73
|>rooklyn Union Gas
'liinsw. Docktfe C.lmp'i
•
11
73
30% 31%
SO 4
33
29
85
27
83
International Power...
Iuteruat'l Steam Pump..
Do pref
Knickerbocker Ice( Chic)
Do pref
76
3134
93 4
'4
pref
.
ljacitic Mail
1 eop. Gas-L.cfc C. (Chic.)
Pittsburgh Coal Co
Do pref
Pressed Steel Car
,
95
239
1
Republic Iron <fc steel
Do pref
34 4 Rubber Goods Mfg
Do pref
103
82 Clo88-ShetHeld St. & iron
Do pref
125
20
814
O
,
Standard Rope & Twine..
8434 86% I'eiin. Coal, Iron & RR...
•424 44 Texas Pacific Land Trust
•10
nion Bag & Paper
11
\J Do pref
•72 4 76
30% 30% U. S. Cast 1. Pipe & Eoun.
•4
44
'<5
11
1
1
1
314
84% 344
33 4
260
03
•161
•190
167
104
235
250
93
'c
4
1
H
Do
'»
167 4
•l.l)
194
.
pre;...
OU
»
!
j
Iron Coal<fe C.
1
Fargo & Co
est'n Union Tfle'gpli
t'glVseKl&Mfga
ells,
>
'•
l
1
pref...
DO
\»
16% Apr 18
1
inaCliein..
107
43
107
•40
»2»6
93
167
194
3
Apr 13
£215 Feb 14
1
Cm ted States Steel
1014 102
854 864
18
*285
'.3H.
164
194
.
190
*4 1
85% S9
Hi
Do
Brake.
North American Co., new
•3534
I0l%102'4 101% 102 <e
36
364
854 :;0 4
D»s4 lo»4 106 108
•40
250
239
20
81
82 H.
81
34 4 344 •34
'103 106
}103
•80
83
83
•100 125
•100
•42
National Lead
New York Air
1
i
240
250
2404
•10
•72 4
30
Nat Enameling&Stamp'g
Do pref
Pullman Company
36% )ailway Steel SpriaK.
99 4 994 LVdo pref
94% 944 •944
240
36
Biscuit
pref
Do
404Aprl8
4Marl6
108
130
1224 Mar 163 Nov
Jan 141 Nov
Feb 1494Nov
Nov 96 Deo
10 Jan 25 Nov
69 Jan 94% Dec
61 Feb 1204 Nov
185 Mai 229 4 Oct
5 J'ly 12% Deo
47 4 Feb 62% Deo
123
6 121
8
85%
U
614 61% Vational
»^
1484 Jan
99% Feb
"
•
324 33%
2
7
Mar
140
1
lectnc Storage Battery.
Federal ilinmg <fc Smelt'g
Do pref
70
149% Mar
504JTyl4 60 aJaul8
250
1
33%
•1
.
1
.'.')
184
195
Feb 23 197
100 190
Apr 6 L53
April 180
Deo
Maj
Aim
11(8
4 Not
banks and trust companies—brokers* quotations
Banu.
'
-
Bla
Kxeh' 215
B6
.H'iiuY 210
I
-lile'
.
Yoi ...
.}
.
Ask
90
..
'
J
290
1
Union'
Wallaboul'
-
1
...l A"
•50
I
11
Centra
141)
I
'•
17:.
1
SI
Colonial
Coininonw'tii
Ask
Ask
<<>'-.
Trnal
1
fe&'J
.•.
I
;
Tin,
1060
iiiliallan
..
1480
A
11
176
1
in.
rjs
BOO
1
I
670
1
Bid
Ask
>ii
'i
all
1
n
ton.
.
150 1500
1
1
Btutea
1
.
1
KM
1.
1
225
Ti
.11
ii.-.
Kl.1ll.n-.I1 ....
780
Van N .on
.1
1
llo
Standi
Tr Coo
Tr...
en op. .hum
ortonTnui 920
Mul. Alliance 210
Cm
1
310
,
I
1090
1
UUOOKLYN
Heal
1
I
Empire
K(|Ui table Tr
Farm Ixxfc Ti
201)
.
Broadway
Ti
rb'k'r
212
liowl'.
300
Proaped Pkl 180
UiilKewuud!
17th Ward"
'.ii.ir.liau
.
..
106
ome
Inl
.
1
160
i-o
People'!
tor
Will...
180
i4t" awlc ea prices; no Hales on this .lay.
Lew man lo itiarex
o'f
sale at block Exchange or at auction tun week.
Ki stock dividend.
1
4
125
2.01
People's"
385
Jiul
anty Tr 800
CITY
Bankers' Ti
1
120
135
315
(131
fo\
I111M
Bid
N. y.
t
Nat City
North SldeV
Con'yIAUU' 145
Home Bank'
Trunl Com.
Ave Ti 675
.
BKOOKLYN
.
Ask
Manufactrs'. 866
Mechanical
245
Merchants'.. 23
u
(410
220
.,
400
Borough"
Broadway'
Brooklyn'
Bid
li.llllil
BKOOKLYN
22.7
'<
1-
2,292 45 4 J'lyl2 47 J'lyli
3 038 llUi. .I'lv 1 1054J'lyll
59 Mar24 25 4 Mai 58% Nov
35,850 38 May 2
85 Feb lo 106 Mar24 63 Apr 95 Deo
200 11% May 24 18 4 Jan 30
8 J'ne 19 4 Deo
2,600 1844M-ayl5 214 Mar 3 185 Feb 220 Oct
834 J'ne 8 22% Feb 7
1,600
934 May 264 Nov
100 43 J'ne 8 79 Jan 10 65 Mai 82 4 Nov
1.920 j;34% Jan 26 47 4 Apr 6 194J'ne 404 Dec
200 76 May23 89 4 Feb 27 82 Nov 83% Nov
60 Jan 11 128 Apr 7 43 4 Nov 68 Deo
1,400 75 Jan 5 107 4 Apr 7
71 Nov 90 Nov
SOU 109 May2i L92 MarlO cl51 J'ne 1944Nov
300 184 J'nelb 254Marll 10 4 May 25% Deo
20 76 4 Feb U 824 Apr 6 644 Feb 794 Deo
100 60 J'ne 3 100 Feb 23 26 Mai 72 4 Deo
200 27 J'lyl4 40% Feb 27 28 Sop 41% Nov
500 7S4May22 88% Apr 14 71 4 Feb 87 Nov
16,020 10 Jan 10 33% J'ly
8 Sep 12 4 Oct
40U 60 Jan a 76 Apr 6 484Jan 66 Oct
3,100 544 Jan 25 66% Apr 3 36 Jan 69 4 Nov
200 115% Jan 10 120% Marl5 1004 Jan 117 Nov
926 184 Jan 20 31 4 Apr 6 14 Sep 23 4 Nov
100 86 J'nel9 94 Apr 19 75 J'ly }87 Deo
2,400 24 4 Jan 24 51% Apr 7
144 Feb 20 4 Oct
100 97% Jan 7 1114 Feb20 80 4 Jan 98 4 Deo
700 140 May22 161% Apr 15 120 Feb 164 Nov
2,800 97 4 May 22 107 Apr 17 80 Mar 107 Nov
1,600 33 May22 49 4 Jan 4 24 Feb 56 Nov
5,300 97 4 May 15 115 4 Apr 3 9234 Mar 1124 Deo
2,400 13 J'lylS 21 MaylS
5,210 56 JT/12 80 4 May 1
3,700 33 4 Jan 31 46 34 Apr 14 24 4 May 44 4 Oct
1,500 8734 Mar 6 99 4 Apr 14
67 May 92 Dec
900 230 May31 254 Feb 25 209 Mai 244 Nov
6,100 30 May 2 2 40% Apr 17
16 Maj 36 Nov
l.uoo 93 Jan 25 10334 Apr 15 71 34Mar 94 Deo
11,400 15 Jan 23 24% Apr 3
6 May 184 Nov
13,400 67 Jan 10 87 4 Feb 23 37 M a> 73 4 Nov
1,600 24 Marl4 38 Mayl5
14 34 Apr 29% Dec
215 94 Jan 25 109 4 Apr 1 74% Jan 98 Deo
1,900 60 Jan 25 118 4 Feb 24 314 Jan 05% Nov
100 100 Jan 13 130 Feb23 77 Jan 105 Deo
3 Jan 28
3
5
Nov
600
Jan 3
34 Mai
4
77,050 68 Jan 25 100 4 Apr 4 31%Mu> 77 4 Nov
loo 374 Jan31 40 4 Mar28 25 May 39 4 Nov
1,100
3 % Aug 1 3 4 Nov
8% J'ue 6 16 4 Apr 3
100 68 Ian 10 82 Apr 4 45 Feb 75 4 Nov
5,750 19% Jan 3 354 Apr 14
64 May 20 4 Deo
850 79 4 j an 8 o/ J4 Apr 17 40 Mai 8 % Deo
{120 Jan 9 131 Feb r, 100 Feb }128 Nov
1,300 77 Jan 4 98 4 Mario 43 J'ly S4 4 Nov
1,700 18 Feb 2
404 Apr 18
1,800 35 Jan 13 70 4 A pi 1364 Not 4D '4 Deo
an 3 46 4 Apr 7
Deo
104 eb
10,170
42550 B8%Jan 6 118 4 Apr 7
41 Jan lou Deo
Deo
16,092 24%May2i 38 4 Apr 7
8% M .0
Deo
May 22 104% Apr I.-' 514 Mu>
216,3 mi
39 Jan 3 22 4 -In. 44 '3,63
31 % May2.
May 1 ID
Api 110 -Nov
1,810
1
Nov
J OH
36 J'ne 5 .".2 4 Fell.
Sep
Jan 3 200
A ug
>.ij
}200 .I'm
Dec
Jan 1.
May
1,000 •.U
4 J'noi'.'
{914 914 92 4 93 '4 •924 H3 4
Do pref
-1224125 122 4 125 •1224126 United States Express...
90 '4 U04
894 90
S Realty & Improre'ni
90
90 4
32
32
deduction <fc Reflu'g
32
32
314 314
6/
07 4
Do pret
67 4 674
64 66 4
41% 433, 43
United Slates Rubber
423< 43
43 4
108 4 110
lo'JJ, Ho
Do pref
•1094U04
102',
-107'-.
l'l
10,200 130 May 2 2
300 133 MaylO
50 130%Mny24
1.374 91 % J an 25
6,050 20% Jan 26
200 93 Jan 6
2,550 100 4May22
184 4May22
800 104 Jan 13
pref
84
110
96
177
•57
27
•80
614
x864 88
90 V,
42 4
32 4 82 «.
87
68
41 4 423,
14
93
•165
-I/O
Do
Amer. Teloph. & Telefc...
Amer. Tobac. (new), pref.
American Woolen
104
-154 16
75% 75%
614 6134
1
ll
!
American Supar Refining
187
194
804
107
75
30
92
•122
!,
•.
.
•164
•189
187
75
*%
38
105
&
1
Do pref
107% lu*% Anaconda Copper
1074 1084
69
107
1
17
364
99% 99% •984100
19% 203c
I934 204
10%
•72
.
•10.
1
1
30
82
34
107
Nov
38
64
-27
SO
34
-103
214Muy
I
1
•57
241 2413,
35 34 36%
Highest
Trimsil.
i'iiv Hn|Oil
111
.">
61
1
3j%
ll 1 •„
«
1
38
30
82%
1094
:;;
844May29 43% Apr
v. tr. Otf»
Lowest
1
75
125
934
69%
44
lu9
118
'
So
95
Hlghut
Lowest
.
804 Si 3c
28% 304
Vj
34
104
-%
1
33
35
107
IO
'4
•57
'27
240
34
104
81
4
11%
J
113
,
ys% 96%
194 204
79Hi 804
21
314 31%
93 Hi 98%
• 1224126
804 904
88% 34%
lol
240
36
44
70
t9'«
43
,
114
176% 1774 •1774 1774 •
General Electric
20
{20
•19% 20
•194 194 International Paper
•78 4 79 34 {79% 79% •78
794 1 Do pref
7934
944 94 4 94
85
125
Shares
loci. vol. tr. otf».
Do
V,
118 •117 118 -117 118
117 117
110 1174
24
22 4 22 4
22 4 22 H.
224 22 4 •22
24
•89
95
94
91
-89
91
95
•90
95
46 34
4434 45
45
45
45
454
44 34 45
1054 •103 4106
1014104 1* -101 106 104 106
14934 •145
149% 1494 145 150 *145 150
150
994 98% 99
984 98 4 93 4 99
99
99
44
42 4 44
42 4 42 4
•39
434 44
40
105% 104 1053, 1044 105 4 10541054 10141043,
14% 14
14
14% 13
14 34
13 4
13
13
62% 58
56
57
62
56% 57
57
58 4
404 39 4 40
39 4 394
40 4 '39 4 40
40
90 '4 92 4
•43
•10
84
110
94 4 94 4
•95
61% 014
242
•107
•SO
...
110
94
177
20
85
30
83
2934 30 %
74 4 74 4
35% 36
98% 99
20 <8
81
34
104
84 4
A W.
lol. St. I-
1
1,000 513, Jan 26
\pr 12
hell
67 4 Nov
1,746 L06
Jan 6 122 4 Apr 4 87 4 Fob .107% Oil
r
}l. >3% May 17 1'io
J'ne20 158 Ana }1U5 Nor
512.660
3
Jan 6 137% Fel.2.'. 71 Mai 117 Nov
128 4 13H 4 1984 129 - I iiuiu l'acillu
1
400 98 Mayll 101% Kel.2l
•06% 98% •88
. Feb
Do pro!
99 Deo
4,426 21 4 Jan 1
J'ly ll
004 61
01
I
Feb 25 Dec
65
nit Uyslnv'tof Sail Fran
8
3,000 6 14. fan 16 86
Mai 31 42 4 A pi 69
Be*,
B6% 87%
80 J My 7 89 J'nc2;i
lilted Hvsof St Lou. prol
•8OH1 SI
19
19V
10-',
•18
174 M»v2.; 23% B-eb B 16 May
90o 37 Muy23 48 Fob 23 32% Feb IH4 Nov
39% 39% •SB
404 '» DO l'i'el
800 15 May 1 1934 Maria 144 J'ly 2 2% Nov
17
wiuvuiis.' <t Lake Brie...
164 164 •16
100 36 May 4 48 l" id
41
884 38H
37 J'ly 52 % Jan
100 20 May
•23
2
•23
284 Marl 3 21 4 J'ue 32 Nov
244
Do 2d prof
3
•23 4 21
28 4 24
1,400 20 Apr.O 264 Feb 16
16 J'ne 25 Nov
•61
900 45 Jan 13 5 14 Feb 17 37 J'ue 49% Nov
51
62
62
Mi-. 11
milieu in
243 250 •243 250 4 dmus Express
..
}286 Jan 9 {250 Feb 7 {220 Feb 250 Oct
•14
900 13 May 4 19 Kebl7
16
1 I%
14 34
6 Mar 21% Nov
COO 46 4 May 4 68 Feb 17 39 4 Mar 71 Nov
•68
66
65
65
pref
Ijo
218,910 70 Jan 25 89% Apr 14 43 4 Feb 8234 Deo
83
83 34 VmalsaniutedGoppor
S3'i 84%
200 20 Jan 24 29 4 Apr 16 13 Mar 24% Deo
Ainer Agricult Chemtcul.
89 4 Feb 8 {92 Feb 16 72% Jan 87 Deo
pref
Do
18*,200 31
"364 364
Mny22 43% Aprl4 14 a4 J'ly 35 4 Deo
Viiiciicaii Carifc Foundry
86% 864
•m
99
•97
1,250 i914Jan26 1044 Apr 6 67 Jan 9434 Deo
99 4
700 304 Ma>23 38 Apr 8 244 J'ne 37 4 Deo
314 314 314 31V American Cotton OU
•90
•"0
150 89 4 J 'ly 11 97 Feb 1
94
94
Do pref
88»4 J'ne 97
Nov
•225 240
•225 240 American Express
}2094Jau 4 246 Feb 2 180 J'ue 219 Nov
•6 34
650
5 4 J'ne23 14
Jan 4
•6%
American Grass Twine ..
5
Aug 14 Deo
6
700
•64 7 4
6 J'ue 7 11 4 Jan 14
6 a4 Ainer Hide <& Leather
2% Jan 114 Deo
6.900 344J'ne24 664Marl7 11 4 Jan 48% Deo
364 8SH
De pret
384 39 4
1,210 24 34 J'lyl2 27% J'nelO
24% 244 25
25 4 American Ice Securities.
•17
154 Jan 17 22% Apr 17
194
19 34 American Linseed
7 J'ne 20% Nov
•394 44
36 Jan 19 48 4 Apr 17 22% J'ne 42 4 Nov
•394 45
......
Do pref
a
31,065 33 Jan 2.1 614 Apr 13 16 4 Jan 36% Nov
48 4 49 4
484 4 9 American Locomotive...
1,100 103 34Jan
122=4 Apr 16
111% 112 "HI 113
76 4 Jan 105 Nov
800
54 Apr 29 8 J4 Jan 14
2 4 J'ne
9 Deo
54 54
54 54
1-.
600 20 J'ne 9 28 4 Mar 7 16 J'ne 29 Deo
•24
24 4 24
Do pref
24 4
•98
1,600 97%J'uel2 98%J'ne28
98 Amor Smelters Seo pref B
984 93
1154U7
115%1174 Ainer. Smelt'g <& Kelin'i:. 66,600 7934 Jan 9 123% Apr 13 46 Feb 82 4 Dec
2,020 11 14 Jan 13 127 Apr 6 88% Jan 115 Oct
1194 11934 II934 1204
•167 175
•167 175 American Snuff
163 May31 183 Jan 21 110 Jan 170 Nov
120 99 Jan 7 105 4May20 85 Jan 99% Nov
1034 1034 102 102
•9 4 10
200
84J'ue 8 18%Mar20
34J'ue 154 Deo
9% 94 American Steel Foundr's.
460 36 4 J'ne 14 67 4 Apr 4 26 J'ly 67 4 Deo
{37
374 •37
38
Do pref
67
114
•57
"57
•28
"81
1054
14%
62% 62% 62%
39 Hi 393,
39 4
94 4 95
94 Hi 94 e
1054106
KXOUANOK
38% 884
On
Wttk
47
4534
•
38% 88%
Kant/e for Vear 1006
Btmgt 'or I'rtetout
basis 01 lUU-share lots
tat( i<ju4j
the
15% 16% 15% 154
59
57
57
564 564 Buttenck Co
454 4534 46
46
45 4 45 34 / 'cnlral Leather
104 "4 105% 1044105
105 105
104 41043, * 1 Do
pref
47
46
474 46%
464 47 4 45% 464 Colorado Fuel Ji Iron
•
.95
*
95
95
Do pref
95
•13 4 14
•13 4 14
"134 14
•134 14 Col. & Hock. Coal & Iron.
188 18S
1884189
1S9 4190
189 1914 Consolidated Gas (N. Y.).
104 104 10 4 104 10
104 104
10
•48
494 •4-4 494 -48
Do pref
49 4 •48 4 49
41
41
414 414 414 41-% 41 3, Distillers Security's Corp.
41
•15Hi 164 •154 104
59
"o7
564 -504 59
16V,
6
6
7
197
Salts ol
July 11
139 ', 137 139
13841394 1384139
•137 138
137
-137 138
1373 1373;
139 140 '138 4 140
139 -137 139
97
97 4
974 97 V,
97
97
{97
97
35 4 3534
35
36 4
364 37
354 364
•103 105 a, 1044104 4 104 104 •104 105
•104% 109
10741074 I07"a 1084 10641084 10641074
•188 194 •187 194 "187 194 *187 194
•104
U
Juli/
138
137
•137
"130% 137
}139% 13.'
138
14U
8
2
1
STOCKS
1
•624 £5
"364
6
•6
3434
34% 36
26
45
48*6 48 78
•112 US
62
144
824
»84%
•i'7
•3!"
2334
63
6
36*4
234
51
14*4
•534
6%
40
25
24
250
"35 4
98
98 Hi 99
98 1
{38
31*g BIS •314
•Si's 3.' 4.
• 90
•90
93
95
894
•225
•225 240 220 240
64
S5%
3;'%
164 164
614
'4
*36%*36>i "35% "£&%
6
39*4
24
23
20
•39
•23
49
•60
834 844
82% S3 4
24% 24 4
87
•19
20
63
•52
.7
•804 81%
•19
250
14
'51% 63
•1834
5734
80
86%
•804 81 Hi
M
•243
•96% 9-%
4 68
57
Civ,
86 4 80%
•86 4 S8
•80 V, 80% •80% 80%
"19
20
•19
SO
40
89% 884
4J
I6H1
•16
164 •16
*4i>
42
•40
42
•24
25
•21
i.'5
24 4 24 4
24
•61
624 61H» 614
130
127
198% 129
97% 884
l'S
674
63
38 4 38%
67
57 4
U34U834 11841184
129% 1304 1284 ISO
•96
July 12
57 4 6734
67
113 Hi 118*4
.
NEW YOUK STOCK
July 11
38% 88%
84% S8%
67% 57%
114V. 114 m
PJUOM
i.
7'llfXiOll/
I
5
Stock Record— Concluded— Page 2
|
SlUCJxS—JlieJlhSl
j/onnav
July 10
6
.
1
)
1
Croat
'-'j.
ccriitloauss.
'j
I-.
.
.ii-,
Uauas
idea
..
1
in
1
1
i«ihh.
in.'raph
<*>)
are
3Ut« banka
New York
Exchange—Bond
Stock
Record, Friday
Weekly and Yearly
occupying FOUR PAGES
BONOS
Price
t
I
103*8 104
AO
series 6s ctls full paid
loan 4%s c:ls lull pd.1925 f'a
pi-null of Cuba 5s exten debt.. M-S
1 S ot Mexico s t g 5s or 1 899 W-J
1954 J-D
Gold 4s of 1904
i*d
£
%
104
104
1 04
108*4 103
104'-. 04
107
101
104 Hi 104
104*2 104
131*4
131%
103 '<
104
fclStlK
Foreign Government
Japanese Govt 6s sterl'g.1911
:
Ask Low
103
104
'4
J'ne'05
I0334
j'ne'06
J'ne'02
'4
I
:
»4
i:i2 7B
108
109
101 % Sale
9934 Sale
92 Hi Sale
106% Sale
99
93% Sale
Apr'O
J'ue'05
J'ne'05
J'ne'05
100 78
101 v 44
99 34 573
98%
91
<8
92«s
\W\
99%
93%
are pr ices on
107
100
1OIU
:;.
U
933^ 158
emit
the
01 H2 Jan '0
109 14 Oct '00
1906
1906
94 H; 103 Hi
90Hjloii4
93*4
86
103*4 i<»8
f99H;101%
90
02
$5(o £.
Ot
1906HJJ
1920
Dist of Columbia 3'65s.... 1924
Louisiana new consol 4s. .1914
North Carolina consol 4s. 1910
1919
6s
1933
Bo Carolina 4 %s 20-40
r
101 Hi 101 Hi
1
102HiMar'02
111 Mar'02
ll»3< Oct '04
J -J
If
118%
J-J
100
100
A-O
127%
-A
J-J
J-J
IVun new settlement 3s. .1913 J-J
J-J
I Small
Virginia fund debt 2-38...1991 J-J
I. Mb deferred Brown Bros ctfs.
104
lOoHi
Dec '04
103 4 Dec '04
136 Hi J 'ly '01
120 Mar'OO
1
96
95
96
95
96
96
Hi
95
15
97
J634
97
10
18%
Dec '04
9634 J'ne'05
13
18
Hi
Railroad
|A labama Cent See So Ry
(ca iaba Midi See At Coast Line
Albany & Susq See Del & Hud
Allegheny Valley See Penn KK
AUeg & West See Bull K & P
Ann Arbor 1st g 4s
A1995
99%
y-J
21 96HU01
99 14
99
104
105 31b 10134 105
10234 May'05
100 Hi 102%
1 03
103 H,
100 103*2
96
96 H.
94% 97 34
Feb '05
97%
93 Hi 97%
Co 94
95
94 »8
98
l.
Sale
Stch T & S Pe gen g 4s. ..1995 A-O 104% Sale
^Registered
1995 A-O
tXtonv g 4s (subscrips)..1955 JD 103
Nov
Not
M-N
^Debentures 4s Series E. 1907 F-A
|-AdJustment g4s
re:. Registered
p Stamped.
Series
!
94»4 95
99'8
99 34
993s
1908 FA
1909 F-A
1910 FA
F
I
97
/i!995
ftl995
/il995
SeriesG
H
FA
FA
K
MS
tl Knox & Nor 1st g 5s.. 1946 J
tlantic Coast 1st g4s.ftl952 M
Charles & Sav 1st g 7s. .1936 J
Sav P & W 1st gold 6s.. 1934 A-O
1st gold 5s
1934
Ala Mid 1st gu gold 5s 1928
Bruns<fc Wist gug 4s 1938
Sil Sp Oca & G gu g 4s 1918
tlantic & Danv See South Ry
ustin & N
See Sou Pacific
alt & Ohio prior 1 g 3 ^s. 1925
Registered
A.1925
i£ ©old 4s
fc.1948
•
W
£
113 118
102 12 Sale
1414
129%
114
<b
113'a
97 H«
98
J-J
y-J
96
A-O
106
104
W
*Monon Riv
1st
1st
Not'04
96
-Southw Div 1st g3%s... 1925 J-J
/il92
9Qh
96
Sale
105 3
106%
104
104
113H)
Sale
Sale
H3Hi
4
1911 Wl-S 112 116
XConv deb 4s
91H2 92%
S'J? Jun & M Div 1st g 3%sl925 M-N
P L E & Va Sys ref 4sl941 M-N 99% sale
Registered
98*4 101*2
125H,Nov'03
112% Jan '04
11 14 Oct '04
93 J'ly'04
97 34 Oct '04
:
J-J
J-J
99 H. 99*2
IOIH2 IOIH2
112 Hi Nov'04
102*4
102%
99*4
99% "99%
99 Hi Jan '05
98HiNov'04
97 Oct '04
97%
A1948 y-J
Registered
99% J'ne'05
98»b
A-O
M-N
91HiJ'ly 05
,
99 >4
91 Ha Salt
9934
92
91Ha
92 1«J'ne 0c
108 Hi 108 H,
y-J
,
gu g 5s..l91t FA
cg4%s.. 1930 M-S
107 a4
v-Cen Ohio R
,?iPltts Ciev <fe Tol 1st g 6s 1922 A-O
(Pitts & West 1st g 4s. ..1917 J-J
109 Apr '05
119H*Mar'04
100 J'ne'05
09 May'05
108^4
121*4
99
J P M & (Jo certfs
Bat Creek & S See Mich Cent
Beech Creek See
Bellev & Car See Illinois Cent
Bklyn & Montauk See Long 1
Brims & West See Atl Coast L
100
NYC4H
Buffalo
Buffalo
';
N Y & Erie
R & P gen g
See Erie
5s.. .1937
M-S
121 '2 122 >a 123 1*
AU& West 1st g 4s gu.. 1998 A-O
J-J
&
Mali 1st gu g 5s. ...1943
p.Cl
jf^Boch <fe Pitts 1st g 6s. ..1921
Consol 1st g 6s
1922
&
&
i.
114
8
CRIF&N Wlstgu 58.1921
-M
&
Jfen
St
119*2 123*4
Apr '97
Hi
126 Hi
U Plstg4s.„1948
Branch. Ry See Mo Pac
HR & B of Ga col g 5s 1937
lll^
25
98
100
Hi
10034 102*2
118*1,121*2
/en
Don
Bent of Ga RR 1st g 6s..pl945
Consol gold 5s
1945
Registered
1945
J'
list pref income g 5s
pl945
.V2d pref income g 5s
pl945
pl945
f-8d pref income g 6s
102 Sale 1 02
102 >4
107 h 108 * 107% 107 H>
106 Apr '05
J-D
VI-
122
Sale
112
Oct
Oct
Oct
Jan '05
94
94
110
112
94
114
104'
lC5Hil09
10534 106
102
112 Apr '06
1 19 Hi J'ne'05
11334
114 14
107 J'ne'04
90
F-A
M-N
M-N
96 4 Sale
84 ^ Sale
76 Salt
119
31 113
96*4
96K.
84
1
84 Hi 72
77 178
73Hi
2
I
I
'
6onnRy<feLlst&refg4%s'51
pen Con Tr Co 1st g 6s... 1933
vJJen Tram Co con g 6s. .1910
*'Met Ry Co 1st gug6s..l911
A O 109%
J-J
J-J
,
Sale
106%
109
89
J*ne*05
89% 178
108% May'06
M-N
106
Feb'05
97*4
52 Hs
106
111
109*4
93
J'ne'05
92
J-J
101% J'ly '05
101*8
A-O
94%
87%
95
93% 94% 94%
93% 94
92%
116
117%
109
116
116% Sale
116%
120
120
Friday; latest price this week,
Salt
a Due Jan
85
77
108% 112%
83% 91*4
108% 108%
110%
'
95
91*2
87%
87
98
91
li)7 1 4
Au?'04
13',% 136 34
13.. =4
133'j
135*4 J'ne'05
12 J'ly '05
133
'4
103
135%
115
112
1
'4
104%
101%102%
May'05
May'05
119*2
116
I08
116*4 May'05
110*4 ii>;*4
108
108»4
118
H,
Hi
108% 109
107% J'ne'05
05 34 110
1
100% 107%
US
Mar'u5
113
101*4
ll«i%
100*4 102
101%
Apr '05
101% 101
98
96 Hi
113 '4
97
113
98%
113*4 heb'05
95*s Sep '04
113*4
113%
7934
84 34
80*^
May'05
*4'4
79*4
80*4
86 34
83
ft0*4
97',
84
*aiHi 84'
80 Hi Sale
102
9534 Sal*
106 J4
10S 34
102
!
4
104 a4 Apr '00
.03 J'ly '05
'4
96%
953,
fl6%
101
14
Feb 05
4 Aug'04
10*4 Jan '05
l
,
06 J'ne'05
112 34 J'ne'o5
106 108%
111 34 114%
104% 107%
1
138
120
J'ne 05
121
Mar'06
118 H..
.I'JHi
:2l.*4
Hi
l33Hi 138
118% 122
119% 119%
121%
120
12o*4
Apr '05
134*4 134 34 134 J'ly '05
111*2
114 May'05
105*2 109*2 ll 3, J'ne'05
Mar'05
187
109*8
111*2 J'ne'05
HOHi Salt 1IOH2 111
110
loOH.J'ne'04
96'4 ...... 99
114*4
116 34
134
178
98% 99
99
116% 116%
119 Hi 120
J'ne'05
11434
110
112
Mar'05
112
106
185
...
112%
114% 117
Aug'04
Apr '05
115% May'05
106% Apr'05
185
113
111%
114% 117-2
137% J'ly '9:'
115% May'05
....
113%
104%
105%
Hi
187
109% 111%
110% 113%
U434
111
110%
137
114 115%
109%111 34
Apr '05
119%May'u5
117 J4
10«34
116
108
100
*
104% J'ly '05
106
129*a
1
103%
108%
106%
10J
l
I
113*8 114
IO434 105
137*2 138
no
110*4
101 >4
106*4
106*4
10l 34 J'ne'05
107*2 l'J6 4 J'ne'05
06 4 J'ne'05
LOO Api'05
!
100
80%
103
98
95%
96% 96%
L05 3
183% 185
115
115%
106% 100%
108% UIHj
108 Hi J'ly '05
108% li'8%
114*4
llOHz J'ne'05
3
109 4
112*sApr'05
114*4 11634 116% Jan '05
127 34 129
127% May'05
105 Hi
104*2 Dec'04
Hi
108%H0
107%
115%116 34
lP/%112%
116% 116%
126% 129%
102%May'04
9y*2iol
117
117
Ill
101
103
118
117
.
9y%101%
101*2
Nov'98
"117% ii8"
117 117
J'ne'05
Feb'05
110% Apr'O.'
104
101*2
112*4
110*2
117
110%U3
107 Mar'04
105'4
105 34
104 Mar'04
110*a
ioi" io6%
113*4
lll%113*4
113*4
108 34 Jan '04
117 May'05
115% Apr'O"
116
101*4
117
11:1%
U5%115%
104% Nov'04
105% May'04
106
105%
May'o5
104% 107
107*4
110% Mar'05
1273, 129*4 127% J'ue'05
120*4
119*4 Nov' 04
127% 130
105
131
129*4 133
103
109
122*2 120 34
120*2 121
123
105*2 Sale
05 *4
105
107
103
121
1
97
97
Salt
94%
93%
93%
92%
82% Sale
1917
P4s
1918
Chic R I & Pac RR 4s. .2002
Registered
2002
1913
Coll trust gold 5s
Choc Ok & O gen g 5s .01919
Consol gold 5s
1952
1923
Keok<fc DesM 1st 5s
94%
106*4
1L2
U0%
131Hil31%
Apr'04
Sep '03
120 34
1
12034 126
May'05
L23
123
105 J4 "l8 101% 107%
Jan
'03
97%
141
"95"" 93%
101*4 Sep '04
97 J'ly '04
9b38
4s
110*4
142% Feb '02
131% Jan '05
101%
96
93
94
90
May'01
May'O)
Dec '04
May'04
85
82%
82% 437 79
76% Sep '04
94%
94% 102 90% 97%
110*4, Apr'05
110 115%
94'
.
110
Apr'05
110
91
120
96Hi 96
J'ne'05
96Hi
115
.
109%.
15
109
1
115
110%
I
on Next Page.
Street Railway
Met St Ry—<"Con;Ref g 4s2002
Ry
St
St Jo
St Paul City
1st con g 6s. .1919
lstg 5s. 1937
RyLtH&P
Cab con g 58.1937
Underground Elec Rys of Lon-
don Profit sharing os.,.1908
Union El (Chic) 1st g 5s. .1945
United RRs San Frsf 4s. 1927
United Rys St L 1st g 48.1934
Chic St 40-yr cons g 5s. 1936
W
91
118%
96%
Sale
120
•
109%
110
100
114
91%
118*4 Apr'05
95 Feb'05
94%
120%
94% 97%
116%118%
90
117
90
96
Oct '99
106% Nov'04
106
115% 10
1
98% 98% 98%
106% 106 34
90% 90% 89%
*86%....
120%
Gas and Electric Light
116% 119%
118% 121% Atlanta G L Co 1st g 5s. ..1947 J-D
oDua Oct
A: Due Aug
d Due Apr e Due M»y yDae/ne A. Due J'ly
J'ly '05
95
106 108%
lO- 3 , 111
117*4 122
St Paul 1st 5s 1909
St Pet 2d 7s. .1907
Ashland Div 1st g 6s. .1925
Mich Div lstg6s
1924
Convertible deb 5s
1907
Incomes
1911
Chic Rock Isl& Pac 6s. ..1917
Registered
1917
General gold 4s
1988
Registered
1988
1st & refunding g 4s
1934
Coll trust Series C 4s .. 1905
1910
H4s
1915
M4s
N4s
1910
96% Minn
101*2
2
94% 96*i
93% 70 92% 95
94*4
&
93
J'ne'99
106
L S & West 1st g 6s 1921
Ext & Imp s fund g 5s 1929
LexAv&PFlstgug5sl993
Third Ave RR oon gu 4s 2000
Third Ave Ry 1st g 5s. .1937
106
113*4 Met W S El (Chic) lstg 4s. 1938
93% Mil El Ry & L 30-yr g 5s. 1926
J'ne'00
Mar'98
F&
Low High
Feb '04
106*2
109H.,111
119»9
[Sale
1st 6s. .1905
Illinois 1st 5s
1910
Winona
J/a/h .No
10
98»4
:>.j>4
104
102
1
Milw & Madison
BONUS—Continued
F-A Ill Salt
F-A
94 *4 Sale
F-A
94*4 95
J-J
87% 88
J-J
J-J
rVet United 1st con g 4%s.l932 J-J
Havana Elec consol g 6s. 1952 F-A
Louis Ry Co 1st con g 6s.. 1930 J-J
Met St Ry gen col tr g 5s. 1997 F-A
1 Bway & 7th Av 1st og6s 1943 J-D
1
Col<fc9thAvlstgu g 68.1993 M-S
•No price
v
89
121*2
116*4
90
67
MlStlil,l,AMi(l|s
Street Railway
trooklyn Rap Tr g 5s
1945
fist refund con v g 4s
2002
FBkCity 1st con 58.1916, 1941
.Bk Q Co & S con gu g 5s. 1941
(Bklyn Un El 1st g 4-6S.1950
{Kings Co El 1st g 4s.. ..1949
Stamped guar 4s
1949
Nassau Elec gu g 4s
1951
R&
Since
January 1
.. 1(14
04 Hi Mar'05
ioi *4l01'4 101*4 J'ly '05
106
Mil
12434 126
List gu g7s
Branch
Registered
General gold 4*28
Registered
Craig Valley lstg 58....1940
A Div 1st con g 4s.. 1989
1989
2d consol g4s
Warm Spr Val lsl g 5s. .1941
Greenbrier Ry lstgugls '40
Ohicfc Alt KK ref g 3s. ..1949
Railway 1st lien 3HiS... 1950
Registered
1950
Chic B & Q— Ch JSc la D 5s 1905
1922
Denver Div 4s
Illinois Div 3*28
1949
1949
Registered
1949
Gold 4s
Iowa Div sink fund 5s.. 1919
1919
Sinkingfund4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han & St Jos consol 6s. .1911
Ohic& E 111 1st sf cur 6s.l907
1934
1st consol g 6s
1937
General consol 1st 5s
1937
Registered
Chic & Ind C Ry 1st 5s.l936
Chicago* Erie See Erie
Chic In& Louisvref 6s. ..1947
1947
Refunding gold5s
LouisvN A &Ch 1st 68.1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 5s
General g4s series A..el989
Registered
el989
General g 3 H2S series B.c 1989
1921
ChiC<fc LSuDlvg5s
Chic <fe Mo Riv Div 5s.. .1926
1910
Chic & Pac Div 6s
1921
Chic& P WlstgSs
1916
Dak & Gt So g 5s
1924
Far & Sou assu g 6s
1910
Hast& DDivlst7s
Ott C
124
120HiMar'O3
1 12 H* Sep '04
IISHj
A-O
1st consol g 5s
alOll
1039
1 939
1992
1992
93
L09
110
111
133 \ Sale
133 Hi
112
103 %
M
123 14
99
9SHi
101 1* J'ly'05
119% J'ne'05
Sale
119% 123
1934 A-O
Gold 6s
Range
or
Last Sale
Ask Low
Bid
1910
1st 5s
1908
I& D Exten lst7s
LaCrosse & D 1st 5s.. ..1919
1910
Mineral Point Div 5s
1910
So Minn Div 1st 6s
40 94*2 97%
Southwest Div 1st 6s. ...1909
1921
Wiscfc Minn Div g 5s
102 %106%
L 6s.. ..1910
Mil & No 1st
1913
103 104*8
1st consol 6s
1915
105 114
Chic & Northw cons 7s
91
Extension 4s
1886-1926
93 H
1886-1926
98 2 101
Registered
1987
91 % 93*2
General gold 3*23
92 Hs 92 4.
Registered
#1987
108 *a 1 08 H2
Sinking fund 6s. ..1879-1929
1879-1929
109 109
Registered
Sinking fund 5s.. .1879-1929
97 '4 100
1879-1929
Registered
1909
Debenture 5s
99
99
Registered
1909
1921
Debenture 5s
Registered
1921
1933
Sinking fund deb 5s
Registered
1933
Des Mo & Minn 1st 7s. .1907
124H)Apr'05
126 Mar'06
101
1927 J-D
190s
Canada South 1st 5s
2d 5s
1913
Registered
1913
Darb & Shawn See ill Cent
Carolina Cent See Seab Air L
uaxthage & Ad See N Y C & H
See B C R & N
fled K la F & N
f
103
...
L
99
Le
North
F-A 125 4...
J-D 125 Si...
&
Registered
V66K 103*2
99^...
Buffalo
Southwest See Erie
Susq 1st ref g 4s.dl951 J-J
Bull
Cedar R
No 1st 5s. 1906 J-L>
Bur
col tmstgSs.. 1934 A-O
E Con 1st
&
99% 99%
99H2Nov'04
98'8
Series
Series 1
1911
Series
1913
"East Okla Div 1st g 4s.. 1928
6
99% May'05
6s.. 192
& Hud R gen gu g 5s 1920
l.'4'i 105%
Leh & Wilks B Coal 5s.. 1912
132%
L32HJ
Con ext guar 4*2«
01910
N Y & Long Br gen g 4s 1941
132U133
109 110
Cent Pacific See So Pacific Co
Chas & Sav See Atl Coast Line
Ohes & Ohio g 6s ser A..M908
105 Hi
104
J'ne'05
132% 133 % 138
tl hese
Am Dock& Impgu
Dec '04
Hi
State Securities
Alabama class A 4 to 5
Eclass B5s
| Class C 4s
^Currency funding 4s
Chatt Div pur mon g 4s. 9."<]
Mac<& Nor Div 1st g 6s. 1940
Mid Oa& Atl Div 5s. ...1947
Mobile Div 1st g 5s
1040
ent of N J geu'l gold 6s. 1987
Registered
711987
Range
Friday
Jul/) 14
N. Y.
104 Hi 101%
104 Hi 105%
103 H) IO434
104 106
May'05
Hi
»g
Week's
I'rxce
STOCK EXCHANGE
January 1
Sale
Week Knimno Jctly 14
High No Low High Central of Ga—f Continued)
Last
103% 104%
Q-F
S 3n reg small bonds. .fcl918 y-K
.fcl918 y-F
s 3b cou small bonds.
M907 y-J
S 4s registered
/il907 y-J
S 4s oonpon
1925 y-F
4s registered
1925 Q-F
48 coupon
lulippine islands 48.1914-34 H -F
coupon
Since
1
consol roistered. dl930 Q-J
<J1930 y-J
consol coupon
tel918 y-F
registered
S 2s
S 2s
S 8s
8 3s
BONDS
Range
Range or
Hid
Govemmcnt
U. 8.
WeeVs
Friday
July 1*
STOCK EXCHANGE
Week Enuino JDI.T 14
Y.
89
99
J'ly '04
97 100%
1
10 106% 106%
90*4 131 87% 91
98%
106 3,
May'05
85% 89%
Dec '97
114
116%
120
p Due Nov ^Option
sale
N
'
Ji
Bond Record— Continued- Page
1905.1
15
,
i
BONO!?
i
LA
Clin Bt
-
I
L &
A St
Cliu-
N
A
Chic 6t L
Chto 3t P
I
Bee
ill
sa Ki
M A O
I
WM
A
Choc o a
Cm
(.in.
A
11
ml eon s 6a
fii
SM
i
consol s
1>
4*
gold 4
1
1244
9
I
A
W*U
l>iv 1st g 4a. 1991
1st col tr g 4a.. 1990
LDiv
6t
D.v
1st g 4s. .1940
llir 1st g 4a.. .1940
V W Val
V
LWko
;
Ind Bl
A
I
1st prel
W 1st pi
Peo<t
115^
&
A
Clev
M-N
116
-
LH
96 a4
1034
102
100
L024
llMl
W
'
-,
118*"
119
L16
LO
96
..1
1
Ml
;
"1
100
1
01
',
;.:'(!.
MK
"99""
A
KY
Lack
it
W
L31
:
1)6
1 1 a
1-1 .
101
.
J'ly'05
i;u
'.
\
100
71
98
t
71
1
75
16 4 Jan 'O:
70 a4
74 4
91'i
Sale
1
1
124
14
'4
31^
F-A
Nl-N
113'4
102 4
A-O
106
108
103' 8
102^4
108
102
134
149
103
lo2
ni-h
1394
j-j
j-j
100 14
106
134
.IS
M-S
A-0
A-0
WS
99
93
Sea a
St
77
96
4
4
105 V
d. ..,',..
l
4
ir.
4
98
i
Gold 3 4s
1963
Registered
1951
Meiuph Div 1st g4s...l951
St LSou 1st g-u g 4s.... 1931
4
10314 ib'34
Hi2
142
1064
4112 4
1024
1094
1074110
JeflersonRR See Erie
100
108
98
89
101
94
112
934
U334
116
95
70
90
M-N
M-N
A-0
.M-S
r/l-S
1144
J-D
105
M-S
M-S
132
,
974 Sale
A-0 107 4 Sale
J-D 124 1264
104 4
122 12a
J-J
1034
1224
134-i
B
:::-l
.M-N
1154
113
J-J
113
115
115
102 4106
109 110
116
117
116
104
110
J-J
F-A
FA
103
1184
4
.
134
4
1st cousol gold 4s
.36 4
1
111
109
117 4 117'
H74Jau'o5
-
!
109 4
104
1094
1
1134 113
70 4 69
172
101
172
[004
106
113
J'ne'05
1
li
101
113
1
'7 169
29
118
73
1174
FA
...
91
10
\'6:\" iii.i"
94
id-
101
4 May'05
**""*
Oct '0
4 May'05
Oct '01
102
1074
1
1
16
v 106
>^2
.
.
'.,
..j
-.
.,
85
.
10
1
105" 107 4
101
103
'-.
1064
Mar'03
May'05
May'99
Jan '05
Nov'04
95 4 96
10:141094
122
94«B....
10
.03
125'i
4 Jan '05
10G
100-,
Ylb"
Mai'114
1
102',
12-'
Nov'98
J'ne'05
L24
119»4 .Mai'Ol
B May'04
93 8
....
••„....
106 4
.'"i 4
90 4
'854 86"
J'ly'05
L22
1034 90
106
'-J
:
96 Mar*06
101 4'
100 Nov'OU
L09 4 May'05
....
I'lO-''. ....
l-l"-i ....
120
10141014
1
SO
'.)
804
16
1
L06
106
96
123
D'3V
94 4
1094
7o
1
103
s
J-D
J-D
J-D
J-D
J-D
M-S
1041104
Mar'08
1014
BS4
F-A
J-D
1
1
J-J
J-J
J-J
J-J
M-N
M-S
M-S
J-D
M-S
100
104
99
:,
4
.
11041104
Nov'04
4 Dec '02
1004May'05
r,
4
'4
107
.
.
119
102
1
HO
113
85
Apr'05
72
63
85
J'ne'05
113
72 4
Oct 'OU
118
.
99 4100
119 122
119
102
79'
112*4
19
1
ioii
118
72 4 Sale
A-0
A-O
J-J
M-S
M-S
A-0
A-O
4
4
1034
00
70<«
81
85
88
70
754
U24H6
179
0,-J
n
1
6s.. 191
E H & Nash
1
AO
1919 J-D
1st g 63
1174
1144
116
1174120
115
1104 Apr '05
1184 120 Feb '05
11
117
)4
4120
109 4111
112 4 3
105 Jan '04
11041124
119
1194
117
-May'05
1104....
112 ....
99 lOi
109 4 Oct '98
115 J'ne'05
99 Jan '05
105'4
104 4.
41194
100 4Nov'01
1
115
99
15
.
J
Louisiana A- Ark 1st g 5s. 1927
Louisv <fc Nashv gen g 6s. 1 930 J-D
Gold 5s
1937 M-N
Uullied gold 4s
1940 J-J
Registered
1940 J-J
Coll trust gold 5s
1931 M-N
6-20-yr col tr died g 4s. 1923
1144....
100 ....
1174 Apr'05
11741174
lOO^lOl^
100
105
1004 1024
8
100'fc
1014....
Jan '05
105 105
98 ....
994 Oct '04
100 4 102.4 102-b J'ly '05 »15 100 4 103
110 J'li.'oi
10234 Sale 102-4
102 4 12 101*41*0*8*"
;
1074
1044
105'4
12
.Mar'n'-
1
Ill 4
Mar'oS
.
U3-4
1
.
112
linv 1114
1124
1044 1"0',
h May'05
113 4 L124 J'ly '05
105 4
105 4
120
120
|8>4 Mn>'05
1044 Sale 1034 104 '4
105
120
119
119
117
1
1194
105 4
1014 J'lu'ol
09
"»
115 Apr'05
99
99 4
114 4 rne*0fi
Halo
1144
1
1
11
15
00 4
14 117
I'uxe.
i_in
Gata nnd Electric
Lac Gas L of St L 1st g 5a.*l 9 1 " !
Rel and eit 1st g 5s
1984 A
Milwaukee Gas L 1st 48. .1927 M .\
N V ti E L 11 it P r Bs.,.1948 J D
9941034
Purchase money g 4a.. .1949
Ed El 111 1st conv g 5s.
J'ne'03
1995
T
M
A
112
Nov'03
!'•
92
100
.
Con
123
.00
M»)'05
100
'-'
6
I
con g
1st
i..v
1
:Se
Cool
1
6s. 19 13
J
>i
gn
N
in 4 sale
1094
.1
I'll
104
1164
1
ioii"
i'o7
:
.
'
194
127
S
LO
1094
J
108
1
1
9
4
1
A
if
68.1960
Duo hob d Due Apr «Due.Uar AUuoJ'Ur
J
D
*OuoAa|
fa
'-j
92
4
88
1034
18 4 119 4
J'ne'01-
Ai>r'05
inn
103
105 4 Ust'06
134
124
1"7 4 I'ih'o.-.
108 J'ly '08
109 M»r'o6
L
101
103
105
101
20
J'iie'05
108
112
110
113
olJuo«>cl
10s
110
107 4 109
104 4 107
>l»)'05
110
'05
111
Jab
4
1114
974
1104
94
106
1st gllg.
j D
llu Fuel Gas lslgu g 5m. 191 M N
use Lighting 1st g 5s. '51 J n
ronton '.
El lni g 6s.. L949 M B
(i
!<2
9348816
B
A
a
6a
1
1004
1054 L064
108
1094 .Tly'05
1054 Mny'o:,
1
127"
J'li.'i'.'.
944 Apr'05
latest bid and asked tbla week. aUue iau
C
ild
1
Kan City (Mo) Gaa 1st g 5s 1922 A-O
Kings Co El L& P g 5s. ..1937 A O 109
Purchase money 6«
1997 A-O 122 4124
Kd El llBkn 1st con g 4s 1939 J-J
94 4
'#as Ac
4
094 110
924
106
A
<v;
61 4 Oct 'ol
91
J'ne 06
,
lo7 -4 Dec 00
L
B
J
ST4QEI l..v Plal< on g6sl930
x v
Blob Gaa .-1 g 5a. 1021 M
'•at & Pa.su <t E con g Os.1949 M
<fc
M N
10 4 J'ne'05
13 '.. Mar'00
Apr '05
1'12'v L08
1
"98"!
1'
J-D
f A
112
Loo" ioj"
J-J
J-J
J-J
J-J
193 J-D
1949 M-S
1st consol gold 6a
113
LOO
1104
J'ne'O..
103
1
KdEllUBkn 6e«KCoEL<feP
Kd E 1U See N V <j Ac E L H P
M-S
109 4
F-A
MS
I
'
b'-A
1938
1922 M-S
1932 J-D
1949 M-S
i*llSt-KLLA>LOL> HOND:*—Continued on Next
and Electric .il-Iu
Bklyn U Gas 1st con g 5s. 1945 M-N 113
Buiialo Gas let g 5s
1<J47 A-O
65
Con-ol Gas conv deb 6a
1909 J-J
Col>iiiu Gaa See P G & C Co
DetioitClty GaegSs
1923 J-J 1004
Det Wan Co con 1st e 5s. ..1918 FA
J-J
M-S
1st 5s
191) M-S
N V B <fc M B 1st con g 5s 1935 A-O
N Y& R li 1st g5s
1927 M-S
NorShB 1st con gguSs ol9 Q-J
l')5
10241
J'ne'05
4M»>'05
N
A1931
Guarref gold 4s
Bklyn & Mont 1st g
1284
116
117
1144 116
'05
'05
Wilkesb See Cento!
General gold 4s
Ferry gold 44s
Gold 4s
Uuitiedgold 4s
Debenture gold 5s
116
117
J'nt.'u."
&
Leroy & Caney Val See .Mo P
1034 Long Dock See Erie
Long Isl'd— 1st con g 58.A1931
25 1204
J'ly'05
J'ne'05
J'ly'ol
Jan
Api
1
Lo64J'ly'04
1014
N
Registered
1943
V Coal Co 1st gu g 5s. 1933
I. eh it N Y 1st guarg4s.. 1945
Registered
1945
El C <fc N 1st g 1st pt 6a
Gold guar 5s
1914
Leh & Hud R Sec Cent ol N J
Leh
137
133
3> 100
1104 J'ue 05
1034 Jan '05
109
111
J-D
108 34
107
'04
1224
A-O
A-O
M-N
M-N
J-D
Ohio See So Ry
Lake Erie& V/ 1st g 5s.. 1937 J-J
2d gold 5s
1941 J-J
North Ohio 1st gu g 5s.. In 15 A-O
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) cons g4s.20U3 .VS-N
Leh Val N Y 1st gug 4 4a. 1940 J-J
Registered
1940 J-J
Leh V Ter Ry 1st gu g 58.1941 A-O
93 %
oa»4
91
95
88 Nov'04
97
97 »4 1." '•4 '4 '.'7 4
107
108 1« 122 :C. ', 111
1264
126 4 Mar '05
105 110
llo Mar'05
A-0
A-O
M-N
4 120
1144 1174
1014 103
134 4 May'05
130 Aug'03
101
10 14
Sale
FA
Nl-N
10 117
1074U04
984 Jan
92=>4
1114116
:i
li-»14Salt
J-J
J-J
J-J
J-J
116
964
1144 J'lT'05
103 Feb '05
10s34
A-O
97
108 34 108 3,
113 4 J'ly'04
1104 J'ne'05
1144
109 34 110
1950 A-0
<fc
Leh
108 34 Sale
M-N
J'ne'05
120
103
M i St L
&
Kuoxville
84
114
115
120
1st gold 3s.. 1950
Registered
934
116
V
Pne'05
<fe
Kentucky Cent See L
Keok & Des Mo See
4
115
1034
1014
<fe
81^4 Mar'0.">
92
115
1017,,
101
4
103
Kal A & G R See L S & M S
an & Mich See Tol & O C
4
K C Ft S M See St L & S F
K C M R B See St L & S F
Kan C & Pacilic See M K & T
'04
95
101>,
mi
1.
guar gold 5s
1935
Ind I11& Ia 1st g 4s
1950
Int<fe Great Nor 1st g 6s. .1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s. .1938
Refunding g 4s
1951
'04
Sep
1
L&
1st
101
964 95 4
g34s
Bl&West SeeCCC<fcS1
134 4 IndDec& W 1st g5s
1935
134
J'ue'05
J'ne'05
Sep
100
.
EastolMinu &e< St P .M <t .M
aat Ten Va & Ga See So Ry
Elgin Jol& East 1st g 5s. 1941 M-N 1194
Elm Cort i Xo See Leh & N Y
Terminal 1st gold 03.. .194.5
Regis 85.000 each. ..1943
MldRRotN J lstgOs.1910
WU_k<fc La 1st gug 5s. 1942
Erie Ac Pitt* See Penn Co
4 us
Aug' 01
110
95
MS
Erie lstextgold4s
1947
2(1 ext gold 5s
1919
3d ext gold 4 4s
1923
4th ext gold 5s
1920
6th ext gold 4s
192b
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered
1996
1st cousol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 4s
1951
60-year conv 4s
1953
ButtN Y<fc Erie 1st 7s. .1916
Bull & S
gold 6s
1908
Chic Ac Erie 1st gold 5s. .1982
RR 1st gu g 5s....al909
Jen
Long Dock consol g 6s. .1935
Coal & RR 1st cur gu 6a. 1922
Dock& Imp 1st cur 6s. .1913
7 <fc Green L gu g 53.1946
Y Sus &
1st ret 5s. 1937
2d gold 44s
1937
General gold 5s
1940
;
130
fo
J-J
1953 J-J
J-J
1951
195] A-0
1951 M-S
Ind
108 Apr'05
108 4 107 4 J My '05
sale
984
99
91
91 J'ne'05
d7 Jan '02
4
101"„Salo
11
1952
Registered
1952
L N A IVx gold 4s ...1958
Registered
1953
Cairo Bridge gold 4a
1950
Louisville Div gold 3 4s. 1953
Middle DivregSa
L921
Omaha Div 1st g 3s
1951
St Louis Div gold 3s
1951
Registered
195]
Gold 34s
1951
Registered
195]
Spring Div 1st g 84s.. .1951
Western Lines 1st g 4s. .1951
BellevACar 1st 6s
1923
Carb & Sliaw 1st g 4s... 93
Chic St
.N O g 5s... 1: ..:
Registered
1951
103
105
105 4 108
Feu 'OS
May'05
1004
....
....
1. '1
i
J'ly'O.-.
14
1
1:151
gold Sasterllng
Coll Trust gold 4s
1104
26
128 3 *
1st
Kan City Sou
105
1951 J-lJ
Det Son 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dul & Iron Range IstSs.. 1937 A-O
Registered
1937 A-O
2d "6s
1916 J-J
Dul So Shore Ac Atl g be.. 1937 J-J
• if o price JTrldaj;
'.05
.
192] Q.J
1st
<fe
1995 J-D
Eq Ci LN Y 1st con g 5s. .1932
Ea G 4 Fuel See P G & C Co
Ga*«fc LlecBergCocg5a.l949
Gen Electric deb g 3 4s.. 1942
Gr RapO L Co let g 5s.. .1915
Hudson Co Gas 1st g 5s. .1949
14
1
1
1424Mar'05
F-A
Det<fc .Mack 1st lien g 43.1995 J-D
-a*
L
90
lain
Llni
Registered
1st gold 34s
Registered
84
's
.
1304 J'ne'u5
112 4 May'05
104 May'05
1274
Improvement gold 5s. ..1928 j-D
Bio Gr West 1st g 4s
1939 j-j
Consol and col trust 4s 1949 A-0
Utah Cent 1st gu g4s al917 A-O
Elo Qr So gu See Rio Gr So
Des M 01 & Ft D See CRi-I P
Des M <fc Minn See Ch & N W
Des Mol Un Ry 1st g 5s. .1917 M-N
Det M & Tol See L S Ac il So
(
A
W
i.;;>
:•',
954
1st 6s.. .192] J-J
W
112
13
1
J
48.1999 J J
1999 J.J
Col A 11 V 1st «'xt g 4s.. 1948 A-O
Houst K A
Tex See So Pac
Housl it Tex Cen See So Pao !o
101
127
127
Construction 5s
N
N
A|ii '06
1st cousol g-1
Reirist ered
1164 L164
J'ne'05
A
i
1
;
101
'
58.1913 A-0
1st
Set Sra
See
Han it St Jo See in C B AQ
oiisatonic
v N HA
Extended
108
W
.1
Greenbrier Ry SaaCheaA
Golf AS I 1st refit t g 6a 61952 J-J
"
1124 Feb '04
,
117S.
•'4
'Jo '4
!
109\
108 Main:.
l-'OVieG^ 1264 J'ne'05
1284132 L28 ..riv'ii."
Gold 4s
LO
i)..
.1
Illinois Central 1st g 4B..1951 J-J
M-S
M-N
J-D
J-D
J-D
1923
1923
Syr Bins A 8 Y 1st 7s. .1900
Warren 1st ret pug 3 4s. 2000
Del<fc Hn.l 1st Pa Div 7a.l917
Registered
1917
Alb <t bus 1st con gu 7s. 1906
Guar sola 6s
190G
Rens& Saratoga 1st 7s. 1921
Del Riv RR Bridge See Pa RR
Denv <fc R Gr 1st con g 43.1936
Consol gold 4 4s
1930
iv
Ala
N01
1
1
improve 4s
J
J-D
SmSo Ry
v i; A Nor See So Pao Oo
Goqt it Oswegal See N \ (em
lirand Rnjitt ml SaaPenn RR
Gray's Pt Term See st L S W
lit N or— C li A Q coll tr 4s
92 J-J
L044Nov'Ol
96V
100 >a Sale
72
73
116
Term
<fc
.
llll
I
I
Hock Val
8
1
J'ne'95
100'j
BR
Del Lack & Western 78...1907
lion:- it Baaex 1st 7S...1914
1st consol guar 7s
1915
Registered
1915
2000
1st ret gu x 3 .-.s
Cai
Hoi 1882
&
Registered, h
'OS
Oci '04
J'l.v
1024
112% Ply
"'".'.'
isa"""*'"
l
g 5s... 193;- J-J
nee
I
A pi
1
,
iiia
.
Waco
1
Georgia Paoltlc
'.
"I
121 "a
Clev it Pitta See Penn Co
1047 J-J
Col Midland 1st g 4s
Colorado A Son 1st g 4s.. .1929 FA
Colum A Green'* Bee So iiv
Hock Val See Hook Va,
Col Conn A Term See N A W
Conn A Pas Kivs 1st R 48.1943 A-0
I\ak A Gt So see C -M it St P
'alias A-
....
;..
I
ha
Jal
ia
99 V|
94 4 i.ug'03
LOS
I08 J'h5
1044 ....
10.' m 103
AC
StvPeun
1
1
r
.-1
w
i:>\
;
J'ly'O.-.
M
100 4
M-S
1990 Apr
.Marietta
1
I
Sale
99
103
Wli con 1st g 63.1933 A-O
Clev& Mahou Vnl
|04
I
1
High
I
1
-1
10-14 Deo'OS
113 Oo« '00
May'05
116
100'.i
J-J
48.1940 A-0
Income 4s
CI Lor
"1/
Vi
1
J-J
1934 J-J
W
M A
Ch
See
1
i.'i.i
00^
102
68.. .(11938 Q-J
Hast 1st con 4s... I'.Ui
In. lit
So
a.
•><
ll,,ih
,'tr
.
it A Pei e
c.v 1'rnin S*e Sea An Line
Fort St U 1) Co 1st g 44s. L941
Ft
A Den C 1st g 6s
1921
it
a RloGr 1st g 4s. ..1938
'al liar it S a
SmSo Pae !o
i
'-'7
974
no
:•
I
f
O
I
Jiange
s ncr
.
Hanat
La U
1-1
I
1
COCA
Registered
1
J-J
11 1st cona 6s. 1921
s
1st general gold ,'>.s
1942 A (i
Mt Vernon 1-1 pold 6a.. 1923 A
Sail Co Bran 1 It 1st
lid 1st inn !..|i
6a. 1926 J-J
rne'OC
125
97
...
96
J-J
J-J
C I St LA C cousol 6a.. 1920 W-K
1st polit 4*
Q-I
Registered
Icl936 Q-F
Cin 8 i CI con 1st g5s .1928 J-J
1 cousol 7s
1914 J -11
sol sink lun. 7s
1914 J -Il
Genera icon sol gold 0s.l:«3
iv
:
J III, 1
An
VI-
1990 M-N
Registered
Spr<fc Col
.1
H
LNG
11
lliyh
vpi '05
...
100',,
ClevCinCA St L gen g4fl 1993 J-P
cauo hit 1st gold Is
1939 J-J
Cin
Vi
i')i>
fries
l.\.
ENDING
K
\\ il
/
H RA P
See
.Mali
/•
1
110'n:
--
Sale
."
115
932
Cin D A
1st gu g 6a. ..1941
Cin I A w 1st gn R ia.1953
ClStL.tr see C C C A St L
Cm s A O fiWC CCSt L
Chartlolil
JI11,
STOCK
N. Y.
January
M.ll
Pare Marq
C B I a- P
f 7B...1905 a o
1937 j-j
:
St
Last
2
BUND&i
1)
.
034 ...
oil
1
I64
1864
P*
it \s est
.Si
4
'
*T
i
Chic
Clue
A'.i ji
Coin
con 6s. ..1930 J.D
Cons 6a reduced to 3 ' s. "'•'<• J. 11
Ch St r a Mil n is: pc6s 101 - VI- N
Nor WlBOODSln Is: 6s. ..1080 J-J
St
SClty 1st g 6a.. .1919 A-11
Chicago Ter l'r.ins g is. ..194 J.J
Coupon
Wee/c's
or
Bang*
Ask Low
:,.,l
oVaPennCc
Pitta
ric
rtday
Jul;/ 14
!
14
Jt'i.v
i
J
8TO0 K EXCHANGE
N. T.
9
f
.
.
4
4
1124
1
.
113
jUueUec tUpUOD
••%!•
Bond Record— Continued— Page
200
BONUS
Louisv
'
&
NO&M 2d gold 6« 1930
1st gold 6s....
1930
LCin
109%
Lex gold 4 %s... 1931 M-N
J-J
'
J.
NO&M
Pensacoln Div gold 0s... 1920 M-S
1821 M-S
St L Div 1st gold 6s
1980 M-S
2d gold 88
Hendcr lSdgelstetg68.1931 MS
Kentucky Cent gold 4».. 1987 J-J
L& N <fc M ct M 1 st g 4 %s 1 945 M-S
M joint 48.1952
& s 1st (ni g 5s. ..1937
& Atl 1st gn g 6s.. 1921
Life N-Soutli
N
Fla
Pens
124
112
99%.
iVd
F-A
Ala con gu g 5s. .1930 FA
Sink fund gold 6s
1910 A-0
S
.b
Mahon
Coal
See
LS4M8
eonsol4s.l99U
anhattan
1990
Registered
Motropol El 1st g 6s. ...1908
1934
Coloniz g 6s
Man S
lly
W
See N Y Cent
Metropolitan El See Man Ry
Mex Cent consol scold 4s. .1911
1st consol income g 3s.al939
2d oonsol income g 3s..al939
1919
Eouip<fc coUgold5s
Coll tr g 4*28 1st Ser....l907
McK'pt & B V
«s
.
1st gold 6s.. ..1910
Mich Cent See N Y Cent
Mid of N J See Erie
See Chic &
Mil L S &
J-J
77%
fly
21
11
A-0
FA
NW
W
& Mad See Chic & N W
& North See Ch M & St P
Minn & St L 1st gold 7s. .1927
136%
108%
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921 A-O 119%
South West Ex lstg 78.1910 J-D 110%
1934 M-N 114% 116
1st consol gold5s
96
97%
1st and refund gold 4s. .1949 M-S
96*4 Sale
Des M & Ft D 1st gu 4s.. .'35 J.J
K&N
Minn <fe St L gu See B C
MStP<fcSSMcong4intgu'38 J-J 101 101%
J-D
1909 J-D
J-J
J-D
F-A
M-N
A-O
M-N
F-A
A-0
Sher Sh <fe So 1st gu g 5s. 1943
Tex& Okla 1st gug5s... 1943
1900
Missouri Pacific 3d 7s
lstconaolgold6a
1920
Trust gold 5s stamped. ol917
Regiatered
al917
1920
1st coll gold 5s
Cent Br By 1st gu g 4s. 1919
77%
73%
19
11
J-D
M-S
M-N
M-N
M-S
M-S
F-A
137
108 34
1 20 14
113 '4
114 a4
9634
96%
Muy'00
J'ne'05
J'ne'05
Apr'05
Mar'05
J'ne'05
96',
96%
111
114
87
J'ne'05
107
106%
107% Feb'05
106
108%
109
97% 99
104%
105
116
116
'4
98
J'no'05
26
107
5
94
116
127%
122%
96%
93 14
95%
100^4
98
125 34 J'ne'05
126 J'ne'05
114%H7
91%
9a%
125% 129
122
126
99
96% May'05
96%
11434 Apr'05
95 Feb'05
101 Nov'04
11334
115%
95
95
A-0
115
116
J-J
J-J
J-J
117%
113%
112%
cfc
120 1«
120i< 123
115
J'ne'05
1st
gu g
4a. .1991
17 14
113 J'ly '04
81% 82 %
*
101*38 Sale
91% 92
82
107% 107%
104
106
131% Apr '03
Mar'04
90
105%
102
89*4
00%
90
119
121
100% 102%
90% 93
89
89% 91%
89
J'ly'05
105%
9034
95
106
106% Sale 105 34
77%
103
DRRR
107
GrR&
Sale
I
40
99%
4
99%
132
3
125% Apr '05
119
112%
113%.
108%.
99%.
92%.
113%.
1
75% 78
74% 77
99% 101
125% 126%
J'ly '99
J'ly '03
109
.
103
106% 257 104%106»4
---103% 105%
104 34 J'ne'Of
77 1
70%
77
77
125%.
J'neOS
107% 1U9
100% Apr'05
92% Apr '05
116% J'ne'05
99% 101
92% 92%
115 116%
114%,
118% Feb'05
111
.
lll%J'ly'05
118% 118%
111% 113%
100%
111%.
100% 100%
112% J'ly'05
104
103
102
.
.
108%
108%
106
102
94
98
120
92
97%
119
,
,
97
114
11234
92
106
106
94
97
94
98 34
H734 120
98
J'ne'05
Jan '04
Nov'00
98% Apr '04
.
1
.
13
113 114%
112% 113%
J'ne'05
112% J'ne'05
.
112% J'ne'05
.
.
H2%113
103
93
.
J'ne'05
103
May'05
93
121
119
107
Sale
Sale
104
110
102
109
103
93%
'02
Mar'04
Apr'04
Feb'05
111% Sep
ex 1st gug4%sl941
108% 111%
96
102
119
110
gu g4%s..l935
Bge 1st gu 4s g.'30
102%104
12
J'ly'05
127% Oct
101%
104%
99% 100%
115%
112
.
97%.
112%
111%
103%
Apr'05
Apr'02
108%
Jan '05
Nov'98
£5
103%Aug'03
114%.
115%.
1st
<fc
94% 97%
102
-
76 34
75
99
.../tl912
..
Cl&'Mar
10(1%
100
1st 7s.. .1912
Apr '02
J'ly '00
97
98%
104%
102
104 34
1919
Consol gold 5s
1943
Consol gold 4s
1915
3%s
Convertible g
1912
Convertible g 3%s
Alleg Val gen gu g 4s... 1942
Oct '02
Mar'05
100
102
Penn RR Yst "real" est" g'is.1923
Con currency 6s reg...yl905
105
106
132%13234
109% 109%
1912
2d7s
3d 7s
90
105% 107%
W&C
Wn
111%111>4
133% 133%
N Y Cent
Mar'04
107%
103
105
See
111% Feb'05
133% Jan '05
132% May'05
132%Dec'04
92
102% 103
99% J'ne'04
95%
96%
Hi9% Feb'05
96
NYC
W
Pitts Ft
.
M-S
9s% Sale
PCC&StLgu4%aA...1940
1942
Series B guar
Series C guar
1942
1945
Series D 4s guar
Series E 3% guar g
1949
9834 100%
99
100%
.
.
106%
103% 1U3 >o
103
106%
Sink fund subsidy g 6s. .1910
1st g4%s. 1921
Registered
1921
Guar 3%s coll trust reg.1937
Guar3%scolltr aer B...1941
Tr Co certii'a gu g 3%s.l9i6
C St L & P 1st con g 58.1932
Registered
1932
CI & Pgen gug4%sser A. '42
1942
Series' B
Scries C 3%s
1948
Series D 3%s
1950
Erie& Pitts gug3%8 B.1940
1940
Series C
Bdge gen gug4%8 1945
117% 117%
107%.
1
102% Sale
N&C
98 34
99
99 J'ne'05
101
101%
92
92
91
90% J'ly '05
90% 91% 90%J'ne'05
90 ....
105%....
104% 104
104%
103% Jan '05
131%
132%
13u%
Penn Co — Guar
105%105%
82% 26 79% 83%
90
C&
F-A
F-A
F-A
103%
94
M
6s. 1910
74% 75
73 % Sale
90
87%
74%
73
102
90
10 85
Apr'05
84
75% 164 68
74 % 310 m^2
107% Dec '04
102% J'ly '04
A-O
J-D
107
May'97
102% Oct '03
102% 104% 104% 104%
H
105
A-0
J-J
J-D
F-A
Iron Coal<feCo 1st g 58.1949 M-S
Am
107% Oct '04
103% J'ly'05
Trust Co ctf s
*No price
119%
106
1*7
'04
106 Aug'OM
!()1% 101%
103% 104 3
102 Nov'97
110 Jan '05
101% 101%
101% 107
)
110
110
ii'i" iii%i
111% J'ne'05
on Next Page
Telegraph and Telephone
Col Induslst convosgu A.1934
1st conv os gu Series B.1934
Contin'talC lstsf guoag.1952
Gr RivCoal<fe C lstg 6s. .1919
Jetl& Clear
Ilstg5s.l926
2d gold 5s
1926
Kan & C & C 1st s f g6s.l951
Pleas Val Coal 1st gsf 5s. 1928
Teun Coal gen 5s
1951
Tenn Div 1st g 6s
<zl917
Dixm Div 1st consol 6s. .1917
Cah C
Co 1st gu g 68.1922
Co gu g
107% Feb'05
105% 105%
110
Oswego & Rome See
See C <fe N
<fc St P
Oz'rk& Cher C lstgu 5s g.1913
Coast Co 1st g 5s
Pac of Missouri See Mo 1946
Pac
ac
Panama 1st 8 fund g4%s..l917
Coal and Iron
I
.
107
101
104
g
General gold 5s
1937
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
Ore Short Line See Un Pac
105% May'05
A-0
Col Fuel Co gen gold 6s. ..1919 M-N
Col F <fc I Co gen s t g 5s. .1943 F-A
Convertible deb g 5s
1911 F-A
DeBarCfc
117% 119%
125%.
1st
MISCELLANEOUS BONOS—Continued
V
118
117%J'ne !'05
113% Jan '02
104
& W A'ceCCC&StL
OIndRiver RR 1st 5s. 1936
hio
114% 117
120 'p
Mar'05
1
OswelstgugSs 1942 J-D
Mai
105% 105%
119% Mar '05
103
105
Registered certilic's..l923
St Paul & Dul 1st 5s.. ..1931
2d 5s
1917
lat conaol gold 4s
1968
OCF
120%
J- J
N J June R gu 1st 4s... 1986 F-A
N Y & Pu 1st con gu g 4s 1 993 A-O
Nor & Mont 1st gug 5s. 1916 A-0
105% Mar'05
107
C B <fe Q coll tr 4s See Gt Nor
gen g 6s.. ..1923
cfc
Huh
96%May'04
.
115%.
117%.
StP&N P
<fc
Gouv<fe
121
120
106
101%.
WW
119
93 %
120%
Cartcfe Ad lstgu g 4s. ..1981 J-D
Clear! Bit Coallstsf 4s. 1940 J-J
74
W
98
97
sale
J
124
119
106
Feb'05
J'ne'05
J'ly'05
106%Nov'00
Norf <fe West gen g 6s
1931
Improvem't& ext g 6s.. 1934
New River 1st g 6s
1932
N & Ry 1st con g 48.1996
Regiatered
1996
Div'l 1st 1& gen g4s... 1944
PocahC& Cjoint4s..l941
CC&Tlst gug 5s
1922
Scio V & N E 1st gu g 4s 1989
North Illinois See Chi & N
North Ohio See L Erie &
Nor Pac— Prior lien g 4s. .1997
Registered
1997
General lien gold 3s
o204
Registered
a2047
St Paui-DulDivg4s....l996
Registered
1996
110%
93% Apr'05
120%
J-
124
119
106
97%.
RW&OTR let gug 53.1918
Nor & Mont
lll%Mar'04
Sale
J-J
F-A
F-A
J-J
124
109%Apr'04
121
106
Utica& BlkRivgug4s.l922
<fc
1998
Registered
1998
Beech Creek 1st gu g 4s. 1936
Registered
1936
2d gu gold 5s
1936
Beech Cr Ext lstg 3%stil951
1931
1931 6
g4a
1948
93% 96% Nor Pac Ter Co lat g 6a. .1933
Ry Cal See So Pac
94
Nor
98
Nor Wis See C St P M & O
27
95% J'ly '05
New H & D See N Y N H H
N J June BR See N Y Cent
New Cin Bdge See PennCo
N O N E prior lieu g 6s pl915 A-0 115%119
N Y Bkln & Man Bch See L 1
N Y Oent& H Biv g 3*28.1997 J-J 9834 Sale
g3%8
124
114
KM
91)9
R W&Oconl8text5s./il922
Oswe& R2dgug6s...el915
Wash Cent
'03
95
107
<fc
coll
1
1940
1940
J L <fe S 1st g 3%s
1951
lstg3%8
1952
Bat C & Stur 1st gu g 3s. 1 989
N Y & Harlem g 3%s...2000
Registered
2000
N Y <fc North 1st g 5s. ..1927
104%110
103 105%
116%118 34
116=* 116%J'ly'u5
Sale
114
121% 125%
106% 110%
108%
110 Mar'05
1053gJ'ue'05
U834 J'ne'05
92%
98
103 3 !
J'no'05
109% Oct
94
95
102
112
95*4
101%108 34
106
109%
107% 107%
104% 108%
107%
104 34 J'ly'05
104%
121% 122% 121%J'lv'05
107 ....
107% 107%
91%
94%
<fc
Mich Cent
Jan '03
1
100% 104^
H4% 88%
103%108
M
Begistered
1997 J-J
Deben g 4s
1934 M-N
Lake Shore coUg 3%a...l998 F-A
Registered
1998 F-A
Ma>'U5
<fe
105
Mohawk & Mai SeeHYC&ii
Mouongahela Biv See B
O
Mont Cent See St P M & M
Morgan' a La & T See S P Co
Morris & Essex See Del L
W
J-J
1951 A-O
124
138% 139
<fe
112% 114
&K
-is
120%
NY&LongBr &eeCentofNJ
NY&NE SeeNYNH&H
New York New Hav & Hart—
Housatonic R con g 5s.. 1937
N H & Derby con g 5s. .1918
137 137
108 34lll% N Y & North See NYC&H
N Y O & W ref lstg 48..#1992
120% 122
113i4ll3>4
Regis $5,000 only
#1992
114% 117% N Y & Put See N Y C & H
95% 98% N Y & R B See Long IsUnd
96% 98 4 N Y S & W See Erie
N Y Tex M See So Pac Co
99 102»4 Nor & South lstg 5a
1941
102 34 J'ne'05
103 Nov'01
106%
106%
107% Sale 107
W
lat consol
1
III.
<fe
101% 101% 101%
88
87%
88
10534 105% 105%
90 Hi 92
90% J'ne'05
106%
105 14 Dec '04
95
96% 95 Apr'05
M&
MW
No Low Hi
122
N Y Chic & St L 1st g 48.1937
Registered
94% 98%
1937
N Y Greenw I.ake See Erie
N Y & Har See N Y C Hud
N Y Lack & W See D L W
N Y L E & W See Erie
87%
F-A
Leroy&CVALlatg5sl920 J-J
Pac B of Mo 1st ex g 48.1938 F-A
2d extended gold 5s. ..1938 J-J
Sgen con g 5sl931 A-O
St L Ir
Gen con atanip gtd g 5s 1931 A-0
Unified & ref gold 4a. .1929 J-J
Riv<fcG Div lstg 4s.. 1933 M-N
Verdi V I &
1st g 5s. 1920 M-S
Mob & Birm prior lien g 5s 1945 J-J
Mortgage gold 4s
1945 J-J
Mob J
C 1st cons g 5s. 1953 J-J
Mob & Ohio new gold 6s.. 1927 J-D
1st extension gold 6s..hl927 Q-J
1938 M-S
General gold 4a
Montgoni Div 1st g 5s. .1947 F-A
St L & Cairo coU g 4a..el930 Q-F
Guaranteed g4s
1931 J-J
& O coll 4 s See Southern
StD.lst7s.1913
1st consol gold 5s
1928
Branch 1st g 6s. .1923
Jasper
McM
& Al 1st 6s.. 1917
1917
T<fc P Branch 1st 6s
Nash Elor & Shef See L & N
Nat ot Mex prior lien 4 12S.1926
1st consol 6s.
Registered
4s
Regiatered
26%
17%
12%
Jliijit
1
5s
79
21 J<
101
M-N
M
M K<feTofTlstgug5s.l942 M-S
NashChat&
Mich Cent
Ask Low
<fc
106
J-D
1st g 4s. ..1990
2d gold 4a...
ffl990
1944
1st ext gokl 58
St L Div 1st ref g 4s... .2001
1st gu g 5s. ..1940
Dal & Wa
Kan C & Pao 1st g 4a... 1990
Mo K & E 1st gu g 5s.. .1942
1942
K & Ok 1st gu 5s
2d guar 6b
McKees<fe
107
104
106% 109
98% J'ly '05
90% J'ly '01
97% 99
97%
104
104
J'ne'05
1997
1928
7b. 1 906
McK & Y lstgu 6s. 1932
934
B V latg6s 1918
Pitts
Since
January
Last Sale
15 107%110
108
K'*
109
28 107 109%
107% 108 107% lOfl
100% 100%
100%
99% 102
99%J'ne'u5
99%
99% 101%
101% Sale K'1% 101% 10f LOO 103 %
105
102 May 'US
102 103%
2361
1997
KaA.feGRl8tguc58.1938
Mahon C'l RR 1st 5s. .1934
110
'99%* 99%
Apr'05
77%
21%
12%
22
13
%
Mil
Mil
Mo Kan<fc Tex
Mar'03
90% J'ne'05
Sale
Registered
Debenture g 4 s
Det Mon & Tol let
114%115i4
112% 113
115>4 116%
Mar'05
104
106 % 109
%
114
Week's
Range or
Bid
1st 48 gu...2:;til
Registered
Lake Shore gold 3%8
98%10o 34
110
96
104% 104% J'ly '05
J'ly
M S S M & A 1st g 4 int gu 1926
Minn Un See St P M &M
114
96% j'ne'05
110
.
WeBt Shore
109
80% 132
121% 121%
Nov'99
May'05
Feb '05
105
J-J
J-D
1
lluih
J'ne'02
104
A-0
A-0
109
1
126% 126%
112% Mar'05
115% Mar'05
Mex Intemat 1st con g 48.1977 M-S
1977 M-S
Stamped guaranteed
Mex North
75
113
10034
110
99 %
Bdge Co gug 4s. .1945 M-S
& Ch See O I <fc L
L<fc Jett
Mar'06
J'ne'06
115
r
115
105
is'
LN A
96i2
113V
K-A
No Low
126% Feb '05
114 Apr '06
121% May'06
121%
J J
lliyh.
109
132
.
130
129
109
January
Range
J'rice
Friday
July 14
STOCK EXCHANGE
Week Ending July 14
N Y Cent & H R—(Continued)
N. Y.
Since
or
Last Sale
Ask Low
Ilia
Nashv (Continued)
<fc
Range
J riilo u
July 14
BONOS
Range
Week's
Price
stock exchange
Week ending July 14
n. y.
Vol. lxxii
3
98 % Sale
109%
98%
110
Oct '00
9S%
J'ne'05
113% 112% J'ne'05
102 Dec '03
104% May'05
90'
89
Friday; latest bid and asked ttus week,
& Tel coll tr 4s
1929 J-J
96%
96%
.
31
96% 98%
92
109
<fc
74% West Union col tr cur 6s. 1938 J-J
Fd and real est g 4%8...1950 M-N
Mut Un Tel s fund 6s. ..1911 M-N
Northw Tel gu f 4 %s g. 1934 J-J
96%
Dec'04
Oct '99
109% May'05
1st g 4s. .2397
T col tr g 8 f 5s. .1926 ?:j
Erie T
90
1918 M-N 110% ....
89 % MetT«fe T 1st s t g5s
76% N Y & N J Tel gen g 5s. .1920 M-N 104%....
105%
109% 109%
J'ly '03
110%1111-t 111%
105 Sale 105
111%
108% iTs""
104% 107%110% 110%
105%
110% Mar'05
100%
100%
103
J'ly '04
&
Industrial
Manufacturing
104% 107
1915 Q-F
Am Cot Oil ext 4%a
93% 100
Am Hide& L 1st stg68..1919 M-S
109% 111
Anier Ice Secur deb g 6a.. 1925 A-O
110 34ll2% Am Spirits Mtg lstg 6s. .1915 M-S
Am Thread 1st col tr 4s. ..1919
i.03" ib'5"
89
a Due Jan
Telep
105% Comm Cable Co
93%
Due Fet
Am Tobacco 40-yrg6s
86
6
4s
e
Due M»y
g
J-J
1944 A-O
1951 F-A
One Jne A Dae
J'ly
98% 99
97%
78% Sale
97%
<4
88
115
76
Sale
Sale
p Due Not
98% 101
96% 100%
98% Mav'05
97%J'1V05
77 %
78%
96 J'ly'05
90 J'ne'05
115
115%
76%
i
10
sale.
78%
97
87% 90
99 110%118%
76% 910
Option
77
94
71
'
77 V.
1
BONDS
STOCK EXCIIANi.K
T.
2*.
Bond Record
15. 1905.1
i.y
.li
Week
July
Eironra
UK—
it
Conunutii)
1st g 48..1P4S
rhilaR.il A
Sun .* Low is lsc g 4s... 930
Penn
W
i
Price
triilav
l-'j
July 14
Bid
109
5
A
U W
J
BB
AA
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c
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c
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si
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2d gold 14s
i'
a.
1091
61921
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W M5s
1
O
1.
19*21
1020
FIiiua. P M g6a
li'iii'
isi consol gold 5a
in Horoii inv 1st g B
ll 1st un g 48.1981
Sac Tub
.
122
100 103 "s
105 4
121^5
•11 :4
113 3j
12341234
A Beading cuu» 7a. 1911
Creek ret guar Lis... 1932
Pitts Cm A Bt L see Poun Co
Phiia
115 34
L9 4 138
1
11 2
lit 4
111
1184
A
A
1997
«'Uj; 4s
199'
Registered
Jersey Cent coll g 4s.. .1961
Rensselaer A; Sar Set D A H
Rich it Dan SMSoatli Ry
Rich it Meok See southern
Rio e;r \\ est Sea Den A Kto Gr
Rio Gr J uuo 1st gu * os... 1830
RlogrSo 1st goid 4s
1940
Uuaniuteed
1040
Reading Co
1'
1st gold 6a
lsi con guar
N o
it
A O
A O
A-n
L91S A
1905-.. in;;:
1st gi'.s.. 1'Jl
1
1st 7s
l'.io;,
M N
J.J
F-A
1912 .MS
1st g 6a
120 121
110 4 122
119
Registered
J'ly'05
'J8
19
L99 J-J
1994 J-J
Southern — 1st con g 5s
J'iy'9'
'01
'0.
Moli
1144
101 3« Sale
Mem
1174120
n
Jan'O
IoO^IOIHi 1004 101
"si
coll tr
g Is.. L938
MS
l)i
191s
2d Is
All it Vad 1st g guar 4s. r. 19 All
Col A Greenv Lsi 6a
L91i J-J
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lot)
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J-J
1
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st 1.0111s div 1st ir -Is
l'.'.'.i
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191s
l'.i Is
Atl A Danv 1st g Is
116 BIay'05
lie
e
101 84
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101
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117 4..
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15
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L 1
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ni-'i
1
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109
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o
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..
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106
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1"9 „ Jan
1
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g 5s
Stamped
u-ol N Mrs
Sabine Dlv
1094.
Ask Low
ii »'•'» ..
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120 Oct
112 4 Dec
.
Hid
tanuat
SS'i
1
A
Tex
113
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I.' l.;
1st guar i' 6a
ol9lo
B r ol Callal g Ba bot B.1906
i>... L90|
1st g 6a aeries
1
Lai B 6a Bei lea b! .t B . ..191!
i>
W
AA
So
119 l4 Apr '04
137 Nov'97
Pine.
Pitts Clove A Tol 8** H A
Pitts 1 1
A CU See Perm Co
1922
Pitts June 1st gold Os
L line Jit g 5s...al92s
Pitts
seeN V cen
Pitts MoKees A S
L K 1st g 58. ..194H
Pltte Sh
1943
1st consol gold 6a
Pitts it West SM H A
V A Ash 1st OOD 58.1927
Pitts
S
A l'ass 1st kii g Is.
ol A
go Lai ^ 68.
1
1: a
1
Loa i
123 4Jnn'0
J'lvVl
101
LOO Apr 'OS
121 4J'ue'06
112\ J'ne'05
H4 J"ne'0B
A
PhilBAVi' iVd'fuiiltH
Wee&i
July
I
1st gold tta
192o .1 J
(To 01 t'ai 1st gu g 8a. ...1907 J .1
Guarantee d gold Ba. .. 1938 A
il0 4SeY)'v'i
*ah
81
P«naacoIa
113V
11
1
1
.1
1
lit
lOO^ May'OB
.
BONDS
1
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.
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4
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4
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— Concluded — Page
i<je
liange or
1
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.
.
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117
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loo
4HS
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us 4
HO
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1
101
BTVaAGa
Div g 6a.. 1980 J-J
L956 M-N
L93H M-S
1922 J.J
1064 ...
109
Mar'05
Knox it Ohio 1st g 6s. ..1925 J-J
109
109
SO
76 J'ne'tio
Kich ifc Dan con g 6s
1916 J-J
77
89
bo Jau'o
Deb 5s st ainn ed
1927 A-O
89
Puts See B K it P
Rocli it
Rich it Meek 1st g 4s. ..194s M-N
Rome Wat & Og See N V CBut
So Car i& Ga 1st g 5s
1919 M-N
1941
103^4 May'04
Rutland 1st con g 44s
Virginia Mid ser C 0s...l91t> M-t1014>fov'01
Rut-Canad 1st gu g 4s. ..1941'
Series D 4-5s
1921
Fere Mara
ito
Series E5s
1926 M-S
Sag TusOr 11 see g 4s. ..194.
93 4 94
lsi 1st
ge^sJ'ne'Oo
General 5s
t Jo<Js
93
1936 M-N
96
ei uar stamped
8t Law <& Adiron 1st g 68.1086
1930 M-N
I99i
2d golu 6s
O&
1st cy gu 4s. .1924 F-A
8t L it Cairo Set Mob it Ohio
WestN C 1st con g 6s.. 1914 J-J
P
St Lite iron Mount See
S <fc N Ala See L & N
St L K C Ac .N see Wabash
Spok Falls cfe Nor 1st gOs. 1939 J-J
Br Set X KH A of St 1
St L
Stat lsi Ry 1st gu g 44s. .1943 J-D
103 •8..
St L A S Fran 2d g Os CI B 1900
103 J'ne'05
102 104'4 Syra Bing & X Y See D L & W
103 4..
1900
2d gold 6s Class C
104 4 Feb '05
104
104% 'Per Aot St L 1st g 4 4s.. 1939 A-O
128
1931
General gold Os
131 May'05
1 1st con gold 5s. ...1894- 1944 F-A
129 4132
113 114
General gold 5s
1931
ll^J'ne'Uj
Gen refund s I g 4s
1953 J-J
1124 no
St Life S b' KK tonsg 4s. .'90
1004 May'05
St L
Bge Ter gu g 5s. 1930 A-O
9934 100 4
99 J4 102 101 May'05
Soulhw Div 1st g 5s. .1947
Tex <fc N O See So Pac Co
101
102
b9 Sale
ReluniUng g 4s
1951
8S 5
894 150 884 92 4 Tex&Pao 1st gold 5s
2000 J-D
5-year gold notes 4 4.-190*
96 Lec'04
2d gold inc 5s
y'2000 Mai
122 126
K C Ft S i& con g 6s.. 1928
124 4 J'ne'05
La Div B L 1st a 5s
1931
12141264
89
89 4 8S78
K C Ft 8 A M Ky ref g 4a 1930
89«4 "54 884 92
Min it N
1st gu 5s '30
100
K C A R A B 1st gu 5s. 1929
Tol& O C 1st g 5s
1935 J-J
81 .Louis So see Illinois Cent
Western Div 1st g 5s. ..1935 A O
1st g 4s bd ottB.1989
St L S
99
99
98 34
75 9641014
General gold 5s
1935 J-D
2d g 4s inc bond Otts.. .01080
85
844 J'ly'05
Kan <fc
1st gu g 4s
1990 A-O
87 4
8
a4 Sale
s
81
193'J
Consol gold 4s
81 e
250 80 4 844 TolP<fe Wist gold 4s. ...1917 J-J
«>2
1124
Gray's PtTer 1st gug 5s 1947
Tol St Life
pr lien g 3 4s. 1925 J-J
StPaulADul See .Nor Pacific
50-year gold 4s
1950 A-O
8t Paul
& Alan 2d 6s. ..1909
1094,
108 4 May'05
Tor Hani & Buttlstg 4s./il94t! J-D
111
1083b
1st consol gold 6s
1933
1364.
139 J'ne'05
136 139
Ulster* Del 1st con g5s 1928 J-D
Registered
i933
140 May'O'.
1st refund g 4s
1952 A-O
3
Reduced to gold 4 4a.. 1933
Un Pac
1114 J'ly'05
1 gr g 4s ...1917 J-J
111
113 4
Registered.
1933
1164Anr'()l
Registered
1947 J.J
110
Dakota ext gold 6s
1910
1104May'U5
1st lien convert 4s
110411238
1911 M-N
Mont ext 1st gold 4s
103
193
Registered
104
104
1911 M-N
103 105
Registered
193
106 May'01
Ore Ry & Nav con g 4s. 1946 J-D
K. Minn 1st div 1st g os. .190b
1034.
Ore Sliort Line IstgOs.. 1922 F-A
10434 IO434
104'i Mar'05
>"or Dlv 1st gold 4s. ...194b
1st consol g 5s
1946 J-J
Minn Union 1st g 6s. ...1922
Guar refund 4s
124 May'05
1929 J-D
123 124
13434 .... 135 Jan '05
Mont C 1st gu g 6s
193
Registered
1929 J-D
135 135
Registered
193
13434 Dec '04
Utah & Hot 1st 7s
190b J-J
guar gold 5s
1st
193
1174,
Gold 5s
118 4Feb*05
1926 J-J
11841184
Will A 8 W 1st gold 5s.. 193b
117 54
117 Jan '04
Uni N J RR & C Co See Pa RR
8t P A Xor Pac See .Nor Pac
Utah Central See Rio Gr Wes
St P & S'x City See C St P M <&o
Utah & North See Un Pacific
Salt Lake C 1st g s 6s. ..1913
Utica & Black R See N Y Cent
a Pe Pres A Phlst g5s...l94'.
Vandalia consol g 4s
110 Jan '04
1955 F-A
3 A A A P See So Pac Co
Registered
1955 F-A
8 if A -\ P 1st sink t g 5s. 1919 J.J ioe
108 May'05
See Mo P
108 108
Ver Val Ind ifc
bar 8 Ac West See Atl Coast L
irgima Mid See South By
acioto Val A .NT E See A' or A \\
Va & South w't 1 st gu 53.2003 J-J
Seaboard Air Line g 4s ...1950
89 4 Sale
1939 M-N
89 4
894
84 34 92
Wabash 1st gold 5s
Coll triefundg 5s
1911
104
2d gold 5s
104
1939 F-A
104
102
104 34
Car Cent 1st con g 4s... 194'.'
Debenture series A
98»6
1939 J-J
95 Mar'05
95
Fla Cen & Pen 1st g 5s. 191b
108
Series B
1939 J-J
109 Feb'05
109
109
1st land gr ext g 5s ...193o
103 4.
1st lien equip s fag 5s. .1921 M-s
Consol gold os
1943
107 4.
1st hen 50 yr g term 4s. 1954 J-J
109 4 Mar'05
109 4109 4
Ga A Ala Ry 1st con 5s 01945
1104
Det&Ch Lxt 1st g 5s. .1941 J-J
112 4 J'ne'05
1094 114
Ga Car A .No 1st gu g 5s 1920
1104.
Des Moin Div 1st g Is. .1939 J-J
110 Jan '05
110 110
Seab <fc Roa 1st 6s
192i
109
Om Div 1st g 34s
1114May'03
1941 A-O
Slier Sbr A So see
K it I
Tol & Ch Div 1st g 4s... 1941 M-S
8il So Oca A G See Atl Coast I.
St Chas Bridge 1st g 6s. 1908 A-O
Sod Bay A So 1st g 5s
Wab Pitts Term 1st g 4s. 1954 J-D
1924 J.J 100 108
102 Jan'
So Car A Ga See Southern
2d gold 4a
1954 J. I)
So Pac Co— P.P. 1st ret 4s. 195:
95 78 Sale
95*4
964 253 95*8 984 Warren See Del Lao it Wesl
Coll tr g 44»
Wash Cent 6'e«NorPao
1903
102
101
L02 May'05
Gold 4s (Cent Pac culL.fcl949
"2b 924 974 Wash O Ac
See Southern
"937gsa"ie
93 4
94
Registered
.£1949
West Maryland 1st g 4s... 1952 A O
94
91
94 May'O
X
AA
1st gu g 5s. ...1941
loo
1u'j4 Feb'O..
lOS's 1H°» West A V ifc Pa 1st g 5s.. 1937 J-J
Cent Pac 1st ref gu g 4s 1949
1913 A-O
102 4 sale 102 4 10234 103 lUO-'S) 104
Gen gold 3-4s
Registered
Income 5s
l 94:
dl948 Nov
994 Mar'03
Mort guar gold 3 4s.. £1921
"884 Safe
West No Car See South By
b84 40 -74 90
88
Gal Har <t 8 A 1st g 6s. .1910
VaCcuttfc P 1st g Os.. 1911 J-J
1084 HO 7
108^109 4 loS4 Mai'05
2d gold 7s
Wlieel'git L E lat g 58...1926 A-O
1905
8ep'04
103
Mex Ac Pae latg 5s
Wheel Div 1st gold 6s..l92t J-J
'111
1931
Feb '05
1134 ills""
115
Gila
Exten it Imp gold 5s... L93U F-A
1st gu g 58.1924
110
107 4.
107 4 J'ne'05
Hous L Ac
RH 1st consol 4s
19 19
1074
I l»t g 6s. 1933
10384
Ki7 4 Feb'Oi
1st guar 5s re.i
20-year equip s f 58 ... 1922 J J
\\)6..
l034J'ly'01
A TC 1st g 5s int iru..l937
Wilkes & East See Erie
*ilo"
ii'o"«i i i"234
H2'i J'ne'O:
Consol g Ob int guar... 191'.:
WU Ac Sioux F See St lJ M A \l
Dec '04
113
Gen golu 4s int guar.. 1921
"9541064 Wis Cent 60-yr 1st gen 48.1949 JJ
100
100
Wacoifc N Wiliv 1st g6s'3U
1274Feb'0J
123
Con lsi gold Ba
E Ten reor Lien g 5s
Ga Pac Ky 1st a Os
MS
W
W
M
1134
114 4
1
1134
1-2 4
1
!,
M
M
W
W
W
W
JJ
FA
KK&
111
1 2 1
110
ill
110
114
1144
07»«
1
1
11
22
110
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1
4
25
•33
4 98
1D8
111
114
Deo '04
Jan 'o.',
115
1
11534 118
112*4
L12
1144 J'ne'06
114 4 J'no'uS
9034
115 Sale
;
1284 127
.i
114
U44U7
11441144
May'05
115
97
115
97»4
1164
127
117
100
1U4..
lll'sApr'Of
1224J'ue'06
99 4 J'ly'05
H2 4J'iy'04
11141124
122 J'ly'05
96 4 J'ne'O.
120412334
122%..
9i)34 ..
Ill
121 34
96
91
98 J4 1014
9334 102
H 111=4
J'ne'05
114
111
112
110
1U
116 aj
May'04
Apr '05
904 J'ne'O924
92',
964
92 4 Sale
98
112
106 J4 sale
.,
954 Jan
4116 3«
05
91
89 4 01*8
Mj<4
83
934
97
no's 113
10534
85
:1
1104 112
95 4 984
91
91
1-5 l
85
98
93
11058 J'ne'05
Sal 6
....
•
12VJ4
121
.
114
....
Nov'04
111% Apr'05
1004Nov'04
11314
..
J'ly'00
1
1064
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M
M3
1
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M
I
11
1104 L164
1-1 \ J'ly'O
12334
120 'i
n, '06
1154 118 110 78 J'ue'06
112
112'e Jan '0."
'Xi\ 98
Peb'OI
108 4109 4 108 4 May'01
lU'-j
123 Feb '02
M
M
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J'ne'05
Mar'05
110
1-0
120
May'05
May'OC
11;-
954 954
1084
'05
105 'ft 149 101 \,
105^4
105 4
1 L034
127
130 373 ll'-' 7H
I3784 Apr'05
110 6
102 4 102"» "l7 102
1 124
1264 1264
U74 1174
117 4
90i. 103
90
95 4
:,
12S4 Sale
:1
102*3 bale
126
117
127
4 sale
96 4 Sale
107 •4.
10
13734
101
127 4
120
984
112
Dec '03
114 4 Apr'05
103 34
1064
1384
,
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112 4
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88 34
I
89
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83
sale
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39
4
1
,
88
sale
hale
88
1
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May'05
Nov'U
97
109
B9
99
119 3
107 J 12
90
JO
00 4 84»«
102
103
92
02
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93
110
73
73
L03
02
112
109
89
39
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90
924
W
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109 4
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99
74
10741124
112 4
11734
110
11734
72
102
.
M
112 4
sale
loi)
j
109
1
-.
95
45
35
33
87
1194
-i
27
40
Mar'0
12
112
4
94
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984
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MS
,
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1004
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1
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112
111
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144 May'05
:
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04
.
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!
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15
1
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102
11
111 .111 J
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!
94
Sale
91
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90 4 96
.ULSCEI.LAM ol a ItO.NOS—Concluded.
HnniilucturinK it Indiimrinl
Cent Leather 20-year g 58.1925
Con sol Tobacco 50-yrg Is. 1951
Begurtered 4 s
11151
Sec Cor con v 1st g 5a. '27
Int Paper Co 1st con g 6s. 191Consol conv s t g Ba
193.">
Int St Pump 10-yr conv. Os '18
Kuicker IcetChic) 1st g
Lackaw steel 1st g 5s
L023
^al starch Mfg Co 1st g >;» 1920
Nat Starch Co a deb 5s. .1926
btan Rope & T 1st g Os.. .194',
Income golu 5s
lui.;
U S l.eathCo8f.lebg0s..r.il:',
C s i;ealty<fcIconvdebg5a'24
V s steel Corp 10-60 yr5».ct'03
Registered
April 1963
Va-Car Chem col tr 5s a;.. 1912
Distil
I
•No
price Friday; Ulesl bid
.Uinct-lliineoiiM
1004 Sale 994
814 824 81 34
85 4
79 4 Sak109 4 110
70
110
1004
82 4 124
lo
Sale
85
05
87
01V
105
-5
68
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1
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1
4
110
.
1
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1
108
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100>s
I004 102
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4" B-20 fear.. 1017
J
4
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sl
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e
48
rno'02
Due Mar
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1
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w.n Works
led
A
J'ne'06
1
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ly'Ofl
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9'14.
4
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B Vllba Wat
00
52
II
714 80
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195] F A
1921 M S
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914
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48
105 4
103
101
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104
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4
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Am SB Cool Vag 5»
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F A
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Del m A m iii gr inoomea..l9J
A O
Hoboken
gold 6a.. .1910 M
Mao s.| lard d lal g 6a. 1919 M N
Man Bob a .t Lgen g La. .1940 M N
LA
•
51
104
1
1
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fa
J
J'ne'05
54
96
96 4
110
4
4
984 Feb'05
79
1064
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824
7'110
104
l
4100 4 Adams Ex col tr g4s
1948 M
814 Am Dkit Imp 5s .See Cent X J
1
914 914
•ib'i"
99
74
28)
Bel 1st
n
L923 J J
L906 M s
g On. 193
'i'9
t
1
o
.1
98
u
100
!
J'ly'O
112
g '•'..
Lat 6a
Due Apr ADuoJIy k Duo \ug
97
hid
I
1134 i'ly'oo
loo
101K loo',
Duo Oct p Duo
.Not j
z'ofl' sll
101*4
Du« Dro
•
«,
103
CHICAGO STOCK EXCHANCE-Stock
LOWEST HALE
S'lOC KS—ll Jti II hST AMI)
Saturda
Monday
y
&
Ju',,
JuUtl
Wen in sday
July 1 2
Tuesday
July 11
')
.
/ // 11
J
ii
UK
I'
sua
1
STOCKS
S/ll/:'-
CHICAGO STOCK
01 the
/.s
Friday
July 14
1}
1.1
til
Record -Daily. Weekly and Yearly
liantje tor
Range
Year
tor Frenious
Year (I'M I)
1905
Week
KXCHA.XiiK
Lowest
Short-
Lowest
Jln/kest
Higltest
|
Kailroa<!s
187
187
*
Last 8 a
1*7
•
1
1'
UtO
City
'mo Pass
1
4
-1-
>,
17
71
"i
1
7
17% 18
-'.I
70% 72%
71->,
28
5
.,
.
17
17 H
73
72
'.'.'
"till
72%
2:;%
2
;
t
38
"21%
•21%
21
%
2
"94% '.Hi
28% aa
98% '.'s
9H% 96%
28% 28%
98% 98 3
96
283«
.
On",.
1'8'i
.
"40
45
"40
!j
if
:
95
28%
98%
.,
•40
45
28'e
B83,
•40
45
L <
J'ne'05
•
1
.s 1
28%
%
i'j.j
1
'-
Union Tract
Do )>ref
110
Me'.ropo!
Do
J'ne'05
58
-21%
2;'.
J'lH
Hi
28%
08%
98'-
40
7 34
6,00<
30
51
20
L
50
loo
ion
100
West Chic Street
4
3
Feb
99
8
27
15
27 % May
2
28%
80
15
41
05
15
25 34J'ne28
OX J'ne-.'2
2
24%Janl"
45
31
85
26
68
I,.-,
Nov
Mar
'4
.Mar
-Mar
Nov
Nov
Dec
Nov
Sep
Oct
Sep
26 34 Nov
67 % Nov
Ox % Nov
28 Jan 34 Oct
>2% Apr 103 J'ne
Jan
44
90
Apr
Feb 24 29% Jan 4
Feb 3 103% .Mar21
J'nel2 72 Feb 3
38
Apr
850
296
28
<>
40
Jan
66
90% May 17
J7
Feb
6
5
5
-MarJI
101
100
100
liret
1
Janl>59% Jan 10
58 J'ly 11
Mav2:j
21
60 Mar2',
200
Feb
51
20
Nov
Nov
6
31
73% J ue
13% Feb
9
Sep
Sep
Jan
Jan
44% J'ne 2
89%Mayl2
:jo
100
23
155
24
8 Kiev. .100
W
Z 'ZS\ streets WStable C
40
45
5
Jan
82% Jan
pret
Do
J'ly
Aug
1
16 J'ly 5
53 Mar31
6%J'ne2>i|irl30
27o
South SirteElev
98%
4
Mar 190
Feb
5 199
Lt.,100
100
,fc
]iref
Do
Jan
368
B13
North Chic str'-.-r
loo
Northwestern Kiev.. 100
I'.
95
95
20
98%
'!
K-
:
'-' : i
loo
100
100
loo
100
<
'
180
100
chic& Oak Pari
Do i>ret
lucapo Babway
4H% W-msCHy l!y
Do liret
87
."1 .">
-'."..
«
Sa
•94% 90
05
liv
"20
58
21%
'•.
1
HI
•'.iJi.,
6'%
87'-.
Las sa
*60
1-4
7:1'-
23%
*65
07
*6o
*8H%
86 H
lx
71%
•23% 25
"2378 25
>.
18
72
Last S a 1
2ii
26
42% 43
28
ba
•
".">
H
18
723<
>-6%
•28%
5
5
18
18
71 34
By
Mai'OC
07
'4
-Mar
56%Sep
miscellaneous
Alhs-Chalmers
100
Do
ii%
n" a4
69%
L'J'f
S3
1
1
%
1
1
09% 69%
129% 129
•129
55
55
»i
*67^ ox
OS
68
•83
*129
•83%
Last Sale
5
55
55
1
04
1
% 104 \:
La si Half
•
40
110
54
•105
•52
40
110
54
'
-105
*52
no
*%
160
134
l::4
"53
45
4
*6
159
140
59% 60
140
159
134
44
44
"133
134
"102% 104
139% 139% 139 34 140
59
......
...
59
117
*62
'117
117
64
120
117
62
117
64
120
62
60-'4
117
*62
60% 61
61",
117%
117
117
64
118
117
65
llf
117
•62
•62% 64
Shiphlilir
Do
pref
& Chic
Canal
100
100
& D100
central Trust Bank. .100
Feb '05 Clucaso Auditorium
J'ne'05 Chic Brew'jf
& ilalt'g
J'ly '05
7?%
Chic Pneumatic Tool. 100
185 Clue Telephone
loo
103 Chic Title & Trust. ..100
140 Diamond Match
100
58 Illinois Brick t
100
Kans City Stock Yds. 100
33
Knickerbocker Ice. ..100
Apr '05
Do pref
100
17
9
Deo 04
May'05 .Masonic Temple
May'05 Mil& CliicBrew'g
Nov'04
46
3
40
60%
61
116
National Biscuit
107%107 34 *107%
89% 92
89 %
88
95
95 %
95
*117
Do
1163,,
pref
92
92
91 34
96
92
92
98
92
96
Last Sate
1%
9*8
9 7*
30% 30%
IS
9 34 10%
30% 81%
1%
1 58
1%
10% 10 34
31%
*30
1%
10% 10%
31% 32
32
*'o3
"118
100
100
100
100
BONDS
Price
Week's
Range
Mange or
Since
Last Sale
January 1
Bid
Ask Low
Chio Board of Trade 4s ...1927
Chic Consol Br & Mlt6s
CluoConsolTrac4%s
1939
1913
Chic Edison debent 6s
1st gold 5s
M920
Chio Auditorium 1st 5s...l9i
Chio Dock Co lst-ls
1929
Chic Equit Gas 6s
190C
Chic & Mil Elec By 5s ....1910
Chic Pneum Tool 1st 5s .ol921
Chic Bock I <fe Pac BB 48.2002
Collat Trust g 5s
1913
Commonwealth Elect 5s. 61943
Illinois Tunnel 6s
1928
Kans City By<fe Lt Co 5s. 1913
Kniokerb'cker Ice 1st 58.1928
Lake Street El 1st 5s
1928
19i
Income 5s
Side El 1st 4s
Metr
1938
Extension g 4s
1938
North Chio St 1st 5s
1906
1st 5s
1909
Befundins g 4%s
1931
No Chic City StBy 4%s.l927
North West'n El 1st 4s.. .1911
1945
OgdenGas5s
Pearsons-Taft 5s
1916
1920
4-40S B B B
W
J-D
100H
103%
May'05
Apr '04
64% Apr '05
J-J
J-D
J-J
104
A-O
F-A
A-O
104%
1-2
98
97% 102
100%
71
Sale
M-N
M-S
M-S
J-D
M-N
71
79
80
J'ne'05
J'ue'05
A-O
M-N
-M-S
99% 101%
103% 103% Chicago National
103
62
104
66 ^
103%104%
104
104%
Feb '04
72
Nov'04
Apr '04
106% Sale 106% 106"
95% 95% J'ne'05
t
100% Feb'05
97*4 J'ne'05
A-O
97%
J-J
99% Sale 99%
99%
Feb
16 May'05
F-A
94% Sale 94%
95
J-J
87% 87% 87%
87%
J-J
J-J
68
100
t
06%
t
SO
Continental National.
'00k Co State Savings
Corn Exchauge Nat...
Drexel Slate
Drovers Dep National
First National
First Nat Enirlewood.
Foreman Bros B'k'g Co
Fort Dearborn Nat
1
Hamilton National
16
99%
National Live Stock.
Side State sav..
Oakland National
Peoples Trust & Sav ..
Prairie National
95
95 34
Pullman Loan & Sav..
South Chicago Savings
16
.
94% 96% North
97
96
J'ne'05
May'05
86
95
94
J'ne'05
90
90%
100
80
Prairie State
94% 94% 94%
90%
M-N
89% 90
J-D 100%....
M-S
99%....
4*40s Series C
F-A 99%....
M-N
4'60s Series E
M-N 100%.
4-80s Series F
People's Gas L <fe C 1st 6a. 1943 A-O 123%.
Befunding g 5s
1947 M-S
Chic Gas Lt&C 1st 5s.. 1937 J-J 107%
Consumers' Gas 1st 5s.. 1936 J-D
107%
South Side Elev 4 %s
1924 J-J 103% Sale
Swift & Co 1st g 5s
1914 J-J 102% 103
Union El (Loop) 5s
1945 A-O H06%
Union Pacific conv 4a
1911 M-N
1910 M-S
U S Brewing 5s
cl963 M-N
U S Steel Corp 2d 5s
We8t Chic St 1st 5a
1928 M-N
94
Tunnel 1st 5a
1909 F-A
Debent 6a
1914 J-D
Consol g 6a
1936 M-N
Weat Div City By 4 %s..l932 J-J
90 Sale
West'rn Stone Co 5-20 6s. 1909 A-O
Mote. —Accrued interest mus t be added to all
Chicago Savings
Commercial National.
106% 108% Hibernian B'k'g Ass'n
95% 98% Home Savings
100% 100% Manufacturers Bank..
98*2 Milwaukee Ave State.
97
97% 100
Nat Bank of Bepublic.
00
*94
94
"a
93%
90%
88
96%
90% J'ne'05
99% J'ne'05
100 Apr '05
99
99% Union Bank
Bank of Chicago.
Stock Yards Savings
state
.
100% J'ue'05
123% J'ue'05
106
108%
J'ne'05
108 ^
107
May'05
103%
103
46
Jan 30
2
54
May
'i
Jan 30
114
81
88
94
60
90
80
90
100
106
46
!*4%Oct
198 Mar
40 Nov
110 Feb
62 Aug
.
23% Jan
10% Nov
1 % Nov
8
Feb
Nov
147% Nov
36
10 i
Oct
142% Nov
J'ne
12
Oct
52
20
Nov 25 Sep
Jan 58% Deo
90% Jan 116% Nov
2.5% Mar 46% Deo
95 Jan 120 Sep
Jan
6
98% Feb 110% Nor
99% Apr 116% Not
35% J'ne 47% Jan
75 J'pe 87 Nov
7 % Oct
1
% Feb 20
2% Apr 3
14% Apr 3
3s% Apr 14
9 58 J'ne28
23 Feb 15
,
MayiO
J'ly 10
J'ly 10
98
4
1'
20
36
J'nel!»
5 34
Feb 25 il4
Jan 25 92
86% Jan
10% Dee
%J'ly
3% Nov
20% Jan
25% Deo
7
J'ly
14
Sep
103%
J'ne'05
99% 99%
99% 100
100%
122% 123%
105% 107%
107 34 108%
106% 107%
102% 104%
102% 103%
105% 107
100
Union Stock Yds State
Amer Trust &
Dividend Record
Savgs..
Central Trust Co of 111
Citizens' Tr & Sav Bk.
Colonial Trust & Sav..
Drovers Trust & Sav..
Kquitable Trust Co
Federal Trust & Sav..
<v
Profits
In
1903
106%
Nov'04
First Trust
Illinois
Last Paid
In Per
1904 iod
2,000,000 $1,065,962
100,000
31,007
200,000
168,801
13
8+5
1,000,000 1,423,345
15
12+3
A- 65,3
k 500,000
2,000,000 1.702,123 12*
12
3,000,000 1,232,536
8
8
50,000
6
3,072
6
3,000,000 3,561,208
12
12
200,000
16,274
6
6
600,000
274,692
8
8
8,000,000 6,113,755 1112
12
100,000
106,770 10
6+4
500,000
627,237
Priv ate Ba
251,'iH
1,000,000
6
6
500,000
141,896
"'8
1,000,000 1,049,404 "s
100,000
155,785
10
10
200,000
11,589
250,000
263,154 "6
"e
2,000,000
952,610
6
6
1,000,000 1,302,966 15
12+3
6,034
50,000
6
50,000
49,536 "ef
6
200,000
13,510 New Bank
250,000
59,596 "*8
"#8
250,000
73,721
300,000
170,613
8
8
200,000
31,875
5
1,000,000
607,524
6
250,000
104,615
200,000
23,501 Began May 1,
200,000
19,029 New Bank
Q-J J'ly
Jan Jan
J-J J'ly
Q-J J'ly
'05, 2
•05, 8
'05, 4
•05, 3
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
uk
Q-J J'ly
'05,
•05,
'05,
'05,
'05,
'05,
'05,
'05,
3
'05,
1%
J-J
J-J
'05, 4
'05, 5
'05, 1
'05, 3
'05,
•05, 3
'05,
'05, 3
3,000,000
2,000,000
200,000
200,000
200,000
500,000
2,000,000
1,000,000
4,000,000
250,000
200,000
3,000,000
750,000
7
4
Q-J J'ly
Q-J J'ly
•05. 2
'05,
5
Q-J J'ly
'05,
•05,
'05,
Q-J
'05, 3
1
'
||
40% Deo
Feb
Jan
7% Nov 9 Deo
42 Aug 51 Jan
1% Apr 2% Jan
1,969,687
916,361
101,477
48,094
450,000
Merged wi
6
1
5
6
8
ihAni.
J'ly
J'ly
Q-F May
J-J J'ly
Q-J J'ly
Q-J J'ly
J'ly
J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
Q-J J'ly
190
2
1%
3
1%
2
3
2%
J
1%
1%
'05, 2
'05, 2
'05, 1
'05, 2
5.
1%
1%
Q-J J'ly
6
1%
M-S Mar
4
8
Bank
Trust & Sav.
New b ank. ..
698,075
& Savings
5,949,191
16
12+4
Trust & Sav..
56,675
J'ly '04
Jackson Trust & Sav..
14,244 Began Jan "3,
Nov'04
Savings
Kenwood Tr<fc
3,617,532 12
12
J'ne'05
94 100
Merchants' L'n&Tr Co
257,748
6
J'ne'05
6
60
60
M etropolitan Tr & Sav
8
8
Feb '05
80
90
Northern Trust Co Bk tel,000,000 fcl ,684.022
500,000
447,335
6
6
J'ne'05
75
90% Boy al TrustCo
577,970
1,000,000
90
90
97
Union Trust Co
"6
"6
187,170
Jan '04
Western Trust <fe Sav. 1,000,000
200,000
13,9 64 Began Mayl,
Chicago bo nd price s.
WoodlawnTr&Sav Bk
Also paid 12 %% in Deo., 1903, in stock of First i'rust & Savings Bauk,
Jeclared Aug. 10, 1904.
special dividend of 30
1] I nciudes
* Bid and asked prices; no sales were made on this day.
t No price Friday; latest price this week.
a Due Deo. 31.
b Due Jane, e Due April.
h Due July.
k Capital and surplus to be increased.
106%
123%Sep
Jan
50
17
Apr 3
120% Mario
67%J'ne24
120
Deo
79 % Deo
10% Dec
65 34
99'8 Mayl8 110 34 Apr 8
Stock
Calumet National
Chicago City
100% Nov'04
J-J
J-J
J-J
Feb 6 33 J'ly 14
Feb 15 73 34 Mar22
Outstand- Sxtrplus
ing
NAME
High No. Low High Bankers National
104
103
12% Deo
64-4
Chicago Banks and Trust Comioanies
Friday
July 14
1910 F-A 106
Amer Biscuit 6s
Amer Strawboard Ist6s..l911 J.J 100% Sale 100%
& FG(StL) 5S.1912 J-J tl03%
103%
Cass Ave
3% Jan
a- 25
Jan 25
830 114% Jan 5
41 Jan 25
26 110 Jan 5
5
Apr 20
1,905
Gas L<fe C'kelOO
Pullman Co
100
St Louis Nat St'k Ydsl 00
16;
107
107 Swift & Co
100
90
941
92 The Quaker Oats Co. 100
*96
640
99
Do pref
100
Un Stock Yds(So Om)100
10% Dec'04 UnionBag & P Co ...100
100
Do pref
950
1 58
1°!- Unit'd Box Bd & P ColOO
10%
10%
100 2,374
Do pref
720
Western Stone
100
t This is new stock.
Chicago Bond Eecord
CHICAGO STOCK EXCH'GK
Week endixo July 14
J
44%Mar27
J'ne'05 People' s
107% 107% '107% 107%
107% 107%
11
63
2
65
National Carbon
120
Do pref
May'05 Page woven Wire H'ence
"117
120
200
......
Last Sale 5%
118
14%Apr25
:<
73 % Apr 2:
31 34 Jan
50 76 Jan 24 82 34 J'nel-.- 40 Mar
13o Mar20 115% Jan
125 Feb 21
24o 38 Jan 19 57 .Mar.
19 J'ne
10 98% Jan 17 105%Mar27
82 Aug
183 Mar
3s Jan 4 40 Jau 4 33 Nov
105 Marl 7 .06 May 2 100% Mar
54 J'lv 7 62 "Apr 15 52
148% Feb 23 150 Marl- 120 J'ly
10 Jan 5 10 Jan 5 10 Oct
3 J'ne 2
...
1
Jan 18
.Ian
1
4
7 Jan 20
6 J'ne?7
109 153 Jau 25 172
Feb 20 140 May
90 32 Jau 7 52%.Mar If. IS J'ly
20 125 May 4 143% Feb 17 115 Mar
195 Apr 6 105 34 Mar 6 86 Feb
265 134% Feb 1 142% Apr 1
126% Feb
527 55 J'ne27 66%May25
00
J'ne'04
Last Sale 101\
•62
•117
9% Feb
50:i
1
160
*44
•133
103
140
58
33
61% 62
Amer
105
JTy'05 Cal
. .
Last Salt
Last Salt
Last Salt
Last Salt
Last Nate
Last Sale
60% 61%
5.1
.
1,500
100
100
100
100
100
pref
J'ne'05 Amer Radiator
Do pref
Apr '05 Booth (A)<fe Co
J'ly '05
Do pref
1.1
.
100
Do
May'04 AmerT<te s Bank.. ..100
1<JS
Last S a
10
Last Sa
1
Last Salt 6
159 159% *15S
345
•102%
139% 139 % 139% 140
59% 60%
•102% 104
12:i
54 7s
Ul-l
1
*3
159
159
44
'133
i-- 4
Last Sale 100
Last Sale 54
"10
•0
159
:,
Last Salt 40
40
110
54
105
*%
*6
159
45
133
*6
*
•105
*52
'
no
*10
»%
40
110
54
*
67%
pref
11%
07%
1-
*129
130
•121)
11%
11% u-\
11% 11%
11% 11%
'•.
J'ly
190 5
J'ly
J-J J'ly
y-j
I'lT
F-A Feb
Q-J
190
E*
3
3
'05,
•05,
•05,
'05,
3
*05,
1%
2
i
— —
.',n
.1
.
20$
Una SeonrltleH
Indiana Nat A 111 Gas—
M.N
lsi os 190s
60
Ddlanapolls Gas
A.O
1st g 5s 1952
50
aokson g.is Co
V-u
L937
Business at Stock Exchanges
of
.
TIIK CHRONICLE.
15, 1905.]
Volume
—
\
I
Laolede g.is
Preferred
•
slocks
Week ^tiling
Jul
Kail road
11
11
Par valu*
Shares
Saturday
Monday
695.404
-
'.Tuesday
,910,500
2,388.300
1,986,000
2.131.000
1
55,404,750
67,195,200
47,291.300
5i6..;::>
3.6S3.939 $338,144,000
Total
600, 00
1,973,000
1,196.500
80,6
611,340
733,453
Friday
4721.650
3,808,51 u
$85,637,100
82,020,400
1,447
Thursday
.*i. 293.000
*
'
<
StUt
Hew 1 or
January
Week ending July 14
J l(ll/
tO
I
1 t
1
1004
1005
1905
5
las
79
i'i
—
(3,000
8,340.650
12.920.300
tJovernmenl bonds'
BR. and mis. bonds
$21,000
323.500
18.421 500
6310,400
105.76
1,5
1457.400
2,316,700
.i'
506.375.4o0
$344.95
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
'.s.miliorn
&
Atlantic 25
Ga
125
165
125
80
101
.1
•
1
Week ending
July 14
lyuo
95
170
128
85
105
Saturday
Bond
shares
sales
Tuesday
Wednesday
Thursday...
Friday
4,668
Total
42,500
41.000
29,500
50.244
$262,500
94,902
131,106
55.0'
9,76ti
f
Ask
XEW YORK
CITY
Bleeck St & Ful F stk 100
Hist mort Is 1950 ..J-J
HB'y & 7th Ave stk ..100
33
95
210
104
36
98
245
107
mort 5s 1911 ...J -J
Con 53 1943 See Stock Exch list
B'way Surf 1st 5s gu 1924 4108 110
360
llCeut'l Crosst'n stk. .100 310
IJlstM 6s 1922 ...M-N ;ii7 121
210
llCeu PkN & E U stk. 100 J ('5
185
<tcur'fr& lOtliSt slk 1U0 175
112 d
Col<fc
9th
Ave
Dry D E B
5s See Stock Exch
& 3—
1.1st nold 5s
1932.. .J-D
e-a
(Scrip 53 1914
\ Eighth Avenue st... 100
HScnp 6s 1914 ....F-A
542d^orst F'ystk-.IOO
M A St N AV..1U0
Jlstmort 6s 1910 .M-S
1j2d income 6s 1915 J-J
2d St
Interborough Rap Tr. 100
list
116
114
100
3S5
103
100
50
107
80
202
102
100
110
70
109
85
203
13,300
79,300
60 2 'ii
F-A {115
S on Boulev 58 1945. .J-J 5102
So Fer 1st 5s 1919. ..A-O }105
Third Avenue See Stock Excli
Tarry
P & il 5s 192b HO 5
YkersStRR 5s 1946A.O J 106
88th <fc 29tli Sts 1st 5s '96 i 112
HTweuty-Th'd St stk 100 398
J-J
100
Deb 5s 1906
Union Ry 1st 5s 1942 F-A U10
Westchest 1st 5s '43 J-J {110
W
'•.
116
178
106
108
B& NY 1st 6s
Transp 1st 5s 1906M-N
loihifc 23d Sts Ferry 100
1st mort 5s 1919... J-D
V,
44
3H»
106
19 11. J-J
N Y& E R Ferry stk. 100 75
1st os 1922
M-N 92
N Y&Hobcon 5s '46. J-D §109
lob Fy 1st 5s 1946 .M-N §11012
X Y A N J 1st 5s 1916. J-J §106
NY' & So Blykn Ferry&St
40
95
26
96
§
Union Ferry stock .100
1st 5s 1920
JI-N
1;
80
93
110
113
101
60
96
27
98
a 12
80^
108
114
415
101
Preferred
loo
48 1951
J-D
IJWest Chicago St ....100
ycoug 53 1936.. . . M-S
list
90 "a
91
30
81
list
list
37 ^
90' e
'4
40
45
113
BROOKLYN
BBiWEss
Nassau Elec
Ion
pre!
75
6a 1914
A-O 110
lit 4s 1951
See St k Ext
N Wb'i.'(feFlatlstex4'2* 101
Stein way 1st 6s 1022.J-J §110
OTHEB CITIES
§107 109
Cent Union Gas 1st 5s.
k Exc h list
103 V Con Gas (N Yjstk. 6
Conv deb 6s ctfs 6<?eStk Exch list
114
{Mutual Gas
100 290 300
101'-,
240
New Amsterdam Gas
1st cotisol 58 1943. -J-J
N Yds East River Gas—
1st 5s 1944
106
list
list
J-J
Consol 5s 1945
J-J
r«fc Richmond Gas.100
Xor Uu 1st 5s 1927. M-X
N
UStandard Gas com ..loo
LOO
115
loo
Preferred
1st 5s 1930
'
M-N
§111^ 113
§113
§110
36
§105
130
155
109
Mack
Chic Peo * St L pref.100
Deposited stock...
Undeposited stock
54
3
Priorliengmas^OM&S 106
91
Con mtg g os 1930. J&J
11
&
Fort Worth
109
94
16
Income 5s 1930
Denver
City stamped
100
Northern Securities.. 100
Stubs
I'ltts Bess & L E
50
Amer Light A; Tract. 100
loo
Prelerrcd
Bay State Gas
113
50
h list Blnghamto
1938
101
Brooklyn Union Gas deb
121
6s 1909 conv '07. ...Ms
Buffalo City Gas stocklOO
1st 5s 1947 Set Stook
Consol 1. as of N' J.
J J
1st 5s 1936
108
160
170
112
62
91
100
11.
1
price,
no
lll>
1
30
2
4
§102
a
2d 68 1919
.M.N
IJManhatt Leach Co.100
'-'n
Manhattan Transit
.Mix Nat Construe. pflOO
Nat Bank
27
L63
12'
13
2S-,
294
7s
24
64
81
27
69
10
47
108
,
r
144
175
35
in:,
Cuba
of
u,
70
f
LI
140
41
160
I
414
734 74
20
70
t
25
90
94
2'6
13
3
114
22
4
13
24
1
t
;,
'in
s
f
118
114
LOO
100
1
N Y Biscuit 6s 1911. M-S
N Y M tge & Security. 100
15
List
135
105
177
28
674
100
Preferred
X X Transportation. ..20
Nor Am Lum'rdfePnlplOO
HOntano Silver
100
Otis Elevator com
100
114 Preferred
684 Phoenix .Mining
11
68
122
97
115
102'.,
'„
4
126
75
124
14^
179
Eua& stamp .S'eeStk Exch
National Surety
loo 125
X e w Central Coal
42
20
•
Alliance Realty
100
II Amer Bank Note Co. 50
American Can com.. .100
Preferred
100
American Chicle Co.. 100
X'ref erred
100
:s
24
110
160
Nat.
.iliscc!
t
i
a
55
105
ion
1
S'i
t
lo.
128
Pittsburg Brewing
50 t 264 20--„
100
Preferred
50 1 474 is
Am Ice Securities
See Stk E x list Pittsburg Coal .See Stock Exch List
5
6
Am JlaltuisrOs 1914. J-D 1044 106 7 Pope Manufacturing. 100
77
1st prelerred
74
66 g
Oki'ii
American .Marble
100
100
21
18
1st conv g.Os 1911 .M-S
88
2d preferred
100
American Nickel
14 Pratt it Whitn pref..lO0 100
In t
1
Amer Press Assoc' 11. 100 97 105 Realty Assoc Bklyn Ion 155 ,...,
4
Royal Bak I'owd pref.100 1074
Am Soda Foun com. .100
a
63
58
63
RUSSell it i'.rwin
1st preferred
25 t 61
100
11
7
Safety Car Heatife Lt 100 266
2d preferred
100
Singer Mfg Co
ion 640
American Surety
50 190 200
Am Tobacco (new) com.. 265 280 Standard Coupler comlOO 25
Exch list
Preferred
Preld
100 iao
6'ee Stock
Exch list Standard Milling Co.100
7
8
4s and 6s
,S'ee stk
3S
so
Am Typelo'rs com. ..100 35 40
Preferred
100
76
98 100
Preferred
6s
100
618
Lmex Writing Paper. loo
l-'s
4 7» Stan. laid Gil ol N J. .inn 616
29", Storage Power
29
i'reterred
4
100
1
rt7
6s 1919
87 « Swift .V; Co Bet Boston si k Ex 1 u'ge
J.
1 .J
Con .Mining.. .50 t 29 4 30
1st 5s 1910-1914
Arizona
J102»4
1
s.
f.
103
141
180
400
list
.•6
162
112
brougli
<
'it
y Invest
M \'i
iiiir
1
104
112
xEx
1
3'<
E
(Nowstock.
Tj
Sells
lopper
1
10
2s
4
75
,
,
1
85
106
L05
110
12*41
17
95
l»4
19
1
)
x list
.1
1
.10O
IOO
100
Bteel
Col tr h 5s
I
11
-..l
".ion
UniVi-rs;il
no
Title
list
.v-
92
90
U
7
S
100
.
1
a
Prefei red
.
27
lii.li-m.loi'
i.ii.v
ISO
107
102
200
opl '11.. }112
nol opl
J 112
'
s
12"
118
.11—
1
1
I'
80
113
100
U S Envelope Com. ..inn
loo
\ Prefei red
V s
4
1
.......
in 11 B) coin
100
98
Jlst preferred
100
* jd
preferred
100 100
Colo I ml ust rial. Set Stoc k Ex
dir
1
Hum Typewr com.
si prefen
2d preferred
u. s. Casualty
u s cotton Duck
34
21
78
105
o..
lfl
15
20
72
19
100
Co 100
d
132
15
6«
1
62
i.j
4
27
i
i
140
128
100
1
7
a
J
1
Oh 1919 op '01.
ntral Leather
See Stk
nry Realty
I
1
1
...
Mm
6*1
1
MX
Deb
'
L134
r.i'i
ion
LOO
Preferred
Central foundry
Preferred
1
111!
1
.
80
Company com
olCopper
Camden Land
iaanalty Co of America.
Celluloid Co
01
''tut Fireworks com. loo
26
yi ias<f Pai itii
23
1st i!s 1008
\g
130
30 '« Title Ills CO Ol X Y.. 100
Tonapah
(Nevada). 1
rnioii Potteries oon
I
Prefen ed new
147
100
Trow Directory new. .100
18
128
6s 1911
British
Tennessee Copper
2
1
100
1
7
a Ei rights.
109
1
Smelt
<fe
(
170
F-A J101
28
37
81
4
100
Monongahela R Coal. .50
73
Preferred
50
177>4 Mont cfe Boston Consol .5
2621-2 28i 4 Mortgage Bond Co... Ion
1
32
36
.Mosler Sale Co
00
00
50
Bond 6 .Mtsr Guar
100
Borden's Cond .Milk.. 100
Preferred
100
Grand Rapids Gas
1915
06
91
20
T
t
100
loo
and
Industrial
Algoma Cop
Coll.tr. g.
&
Preferred
'4
20
105
IJNew York Dock ....100
Preferred
1
Exch
5
19
12
36
26
34
80 4
Compauies ..100
71
76
Preferred
50 t 72
Seaboard Air Llne^
101
Coll tr 5s 1907 op... M-S 100
SeaboardCo
See Bait Exch list
Va ifc Southwestern. .100 50
Baldoiin ro .Mining...
i;.ii ney<ft ?-,„ u ar ...100
1 Preferred
100
Iiithl'm Steel Corp. ..100
107
J97
l'>4
5
7
§95
Madison Sn Garden. .IOO
1713.1
•
98
list
t
4
2
t
115
CITIES
Lake st (Cine) El
H Is. ,ji Co Gas
See C hicauo list
JBnyer pays accrued interest. 1 Price por snare, jSale
iv
Preferred
54
3
Preferred
Buffalo Street Ry—
§92
1st cousol 5s 1931.. F-A §1124 114
Pow —
Consumers' L 11
Deb 6s 1917
J-TJ §110
A.O §106 107
5s 1938
Chicago City Ky
95
See C lucago list
Detroit City Gas..
Columbus (O) St Ry..l00
101 V BUzabetn Gas i.tco..ioo 27o
Preferred
127
loo
no v. Essex <t Hudson Q
Colam Ry con 6s See PI Ua list
40
Port Wayne 6a 1926. .J-J
Crosst'wn lst5s'33.J-L 108
68
1, .is .t Ei Bergi 11 Co. .100
Grand Rapids Ry
M.N
1st 6s 1948
Lanston Monotype
20
Lawyers Mort lusur.100
liEehcfe Wilkesb Coal.5n
Lord <fc Taylor
100
Preferred
loo
ULonllard(P)prof ...100
Railroad
Bliss
OTHKK
6"t
loo
Preferred
100
Hudson Realty
Iiitirnat'lBankingColOO
Int'n'l .Merc .Marine, loo
Preferred
100
Col tr deb 441922op'07
International Salt
100
1st g5s 1951
International Silver, ioo
Preferred
100
(
1124
Gas Securities
NEW YORK
Atlan Ave 5s 1909. .A-O 5102
Con 5s g 1931
A-O 113
Itnpt 5s See Stock Exc h list
1933. .AX) 100
Brooklyn City stock... 10
Con 5s See Stock Exch list
Bkiu Crosstn 5s 1908.J-J 102
BknHgtslstSs 1941 A-O 104
Bkiu q Co .J: Sub see Stk Exch
Bkiyn Rap Iran s.ee Stk Exch
1, Coney Is. 6c Bklyn ..100
1st cons g 4s 1948..JT-J
99
BrkCfc N 6l 1939.J-0 113
GrSl<fcNtwlst5s'06 F-A 100
Gr*pt <&Lorimer st 1st 6* 102
Kings Co. Elevated—
1st 4s 1949 See Stock Exch
1
40
J-D §107
<
Gen Is 1934....6'eeStk Exch
UnltRysSanFran SeeHtk Exch
Wash Ky & El Co.. ..100 37
a*
21s.,
ion
Co.. 100
5a 1910
Houston Oil
Brooklyn Ferry stocklOO
$332,300
United Rys of StL—
Com vottr ctls
100
^Preferred
100
1
I'reterred
Inn
1st g 5s June 1 '22.J-D
Ferry Companies
H
Avenue stock 100 170
1
1
Ref g is 62 op I2...J-0
Hall Signal Co
<&
Consoles 1948
Sixth
61
104
B
'opper... lo
Consol Goid... in
Gold-Silver.... 10
"
20,400
60,500
street Railways
Bid Ask
ULouisv St5sl930..J<fcJ JUS'S 113
Lynn& Bos 1st 5s '24.J-D 4110 112 ^
New Orl Rys Co (w 1) 100 35 4 36 v.
Preferred (w 1)
79
100
80
New 44s (wi)
§90 ^ 92
North Clue street See C hicai;o list
Pub Serv Corp of N J100 113 115
Tr ctfs 2% to 0% perpet
63
69
Coll trust 5s gold notes
1909 optional
M-N {97H) 98
27
North J ersey St Ry 100
1st 13 1948
78
M-H «77
Cons Trac of N J. ..100
83
84
1st 5s 1933
J-D §108 h 109 >a
Xew'k Pas Ry 53 "30J-J J 113 111
Rapid Trail St Ry..l00 255
1st 5s 1921
A-O §109
24
J C Hob&PatersonlOO
4s g 1949
M-N }75 34 76\
So J Gas El <fe Trac 1 00 125
127
GugSs 1953
§102 103 "2
'4
7
L2
Hoboken Eand.t Imploo 20o
5s 1928
J-J §i09»-2
Ext 5s 1924
Pav F 5s See Si k Exc list
M-N §105 107
Pat City con 6s '31.J-D §124
Securities See Stk E x list
Metropol
2d (is... .1914 opt A-O §100
Metmpul Street Ry See Stk E X list
So Side El (Chic)
Ninth Avenue stock. 100 1*5 192
See C liicago list
Syracuse Rap Tr 5s 1941 §108 109
Second Avenue stocklOO 205 210
105
103
Trent P <fc
Ijlst mort 5s 1909 M-N {102
5s 1943J-D §103
Lex Av
B
'•.
38
1
i'reterred
i
MS
27
'h
t
Km
1
No HudCoRy6s'14J-J
19
NY&QK1 L&PowColOO
Weekly Review of Outside Market will be found on a preceding page.
Bid
1
104
XarniL'an (Prov) El Co 50 (100
Hecker-Jom-s.lew'l .Mill
57
60
1st 6s 1922
.M-S
85
90
Herring. Hall-.Marvnil in
100
Preferred
25
United Electric 01 NJ100
1st preferred
100
J-D §73»4 744
4s 1949
2d preferred
100
.1
4
14
h
1
51
100
HaokensackMeadowslOO
Hackensaok Water Co —
'
Outside Securities
Street Railways
11
60
Havana Commerolal. loo
l
A
H
Havana Tobacco
sale
11.920
38,084
33,727
23,163
14,780
10,132
$48,000
4 3,500
B.383
111,180
Monday
13,338
10.693
16,353
L7.369
13,403
19,257
5,036
9.012
11.017
17.215
26,510
21,612
21.05!
13,173
...
1
LOi
101
'mi
1
Greene
Chicago Edison Co See C hlcago list
(CingsCo El L&) Co 100 195 210
Bond
Unlisted
shares
Listed
shares
.".
100
Tens Copper
a.-
Gri'i in-
Philadelphia
Unlisted
Listed
thares
efei red
C1C Ei-ad
tie
Companies
Electric
lopper
Boat
(
Gold inn Copper
EXCHANGES
Boston
14
Preferred
100
IIGeinral Chemical ..Ion
'
ion
Preferred
84
53
93"
1
100
Electro-PneumUoTranlO
Empire steel
100
15
SO
47
120
•
•
$612,950,350
$13,563,950
Total bonds
1
'
343,1 .s.i, o
10.
1
Preferred
Kleotnc Vehicle
93
127
120
,
U
Preferred
1
i
ORBS
Mntoli
i
100
90
27
L01
.
ECleci in-
Telephone
VAmerTelegA Cable 100
Central ^ So Amer. 100
Conuner UnTei(N yi.j."
Bmp<ft Hay State Tel 100
Franklin
LOO
100
Gold & Stock
L<38, 1905
Hudson River Teleph 100
x v it x Teleph. ..100
Northwestern Teleg. 51
25
Pacino it Atlantic
145.074.900
3,668,658
66,909,153
3.62
stocks x». share*
$338,144,000 $330,449,300 $13,478,727,475 $5,287,604,175
Par Value
$23,000
$533,700
$5,900
,8 o
Bank snares, par..
a in Bldgioo
1
Diamond
1
Tclcarr A:
1904
,
2..
II
Dominion Secunl
-
t
Hli
1
is
Prefi ii.'ii
ion
I 'uli.m
is oi 1 BOO
Did d!
inlson rights
Ss 1938
$6,310,650
-
1
'.
'
1'ow-
11 .t
V-g §110
8
JO«J Imio Nat & 111 .100
28
1st 6a 1926
J-D
77
Pat A Paa uas* BleolOi
'on B 5s 1919.. ..M-S J 105
st Joseph Gas 5s 1937.J.J 9 98
$3*,6bd
.
7
ucible Steel
i'i
.
Ttre.. inn
storage B
,
Cramps'
1
936,000
on i. ooo
..11
(
1
2 '0.971
ion
Debeni are
•
Bond*
16
.10(1
1.
Rubber
i
1
97'. loo
106
80
86
l.afav'rGaslst 6s'24.M-N
::>
21
lstOs'25 J-U
LogAWabV
Madison Gas i'.s 1926. A-( §106 110
is
N.uark Gas 68 191 t.QJ . 37
91
92
Newark Conaol Gas.. 100
112
9-D 1111
on a 5a 1948
8
Bonds
y
|;
lo:i
4
.'-.
Heatini
Preferred.
'
Cons
50
'ar
1
Fin w'ks com
'mis
1
\o Hudson L
Btatt
<€r
Bonus
Consolld
101
101
I
1 ..I
Compressed Air Co... 100
'
97
10
i
100
IS*
Inn
pi
I
B 5s 1917
1st
si
1
Kansas Cuv Gas
Cold HOOK Ooald
25
86
60
104 h 106
i
THE NEW TORE BTOCK EXCHANGE
DAILY. WEEKLY AM) YEARLY
TRANSACTION-*
ami Hlacel
nilosiinil
Bid
d
,
Mot
Bn
1M
1
Weatlngb Air Braki
Whit • Knob Mm iw
146
l)..
i-c
Worthing Pump
on Stock Bxoluinao, but nut
pref.loi
4
1'4
175
148
4
14
lis
a very sclire lecarlty
BOSTON STOCK EXOKA^OE-Stock
Weekly and Yearly
Record, Daily,
as
Shnre Prices— Not Per Centum Prices
Monday
Saturday
July 8
Wediu sday
July is
Tuesday
July 11
July 10
7
STOCKS
Friday
July 14
/cursday
July is
Range
Sales
BOSTON STOCK
0/
Range
lor Year
for Previoui
Year (1904)
190S
the
Week
EXCHANGE
Shares
Highest
Lowest
Lowest
Highest
U;iilroadM
•854 854
102 4 1024
255 4 250
•
158
•241
•177 178
86'4
86 3
1024
1(12
256
•157
"2 11
178"
177
•
172
178
'3(17
•145
•84
•92
173
145
87
93
84
92
87
93
75 4
854 884
....
30
2
764
1874187 4
145
•84
•92
1J5
»S4
87
93
«7
93
•92
194 194
634 63'8
'214 224
2
200
63
22 4
200
200
207
98
70
57
16
62
03
"21
,207
98
79
62
57
14 16
52
•177
170
SO 4
"764 76
1.
ha si Sal<
17 i
•125
Last Sal 165
Last Sale 295
145
146
115
Last Sale 85
Last a yj
L S Sale 185 4
k
I
<i
fl
•194 20
256
1574
Sale ill
•125
'125
'145
864
1024 •1024
256
1574
Last Salt 171
Last Sale 107
171
'
1874188
....
145
294
304
704 76 4
30 4
'
187
'307
...
•171 174
125 4 135 14 '125
•125
•187
P5»<
10'2
102 4
••255
'255 -256
157-, 157 34l6T4 1574
Last
•241
....
178
178
1T9 179
•211
304 304
764 77
3l)«2
"704 77
8.14
<
256
250
1573, •157
•256
•307
•307
84 3
84
101410 14 1014
•
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Boston & Albany....
157*4 Boston Elevated
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Boston & Maine
256
40
100
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100
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J'ly'05 CnicJuncRy&US i"100
Do pref
100
Con<fe Mont Class 4..: on
J'ne'05 Conn & Pass Rivpret inn
7
Mar'05 Connecticut Biver...lO0
145
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100
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Do prel
100
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100
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100
63 4
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8
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74
7
116
117
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4
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8
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loo
100
100
pre!
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100
Savannah Elec com. .100
J'ne'05 Seattle Electric
loo
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J'ly '05
100
1294 Union Pacific
1284
100
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100
171 4 J'ly'05 Vermont & Mass
100
98
98 West End St
50
113
Do pref
114
50
24\ Mar'05 Wisconsin Central. ..100
Dec '04
Do prel
100
«4
147
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.HisceJIaneous
Amer Agricul Chem.lOO
24
Do pref
91
100
64
50
4 Amer Pui'U Serv
24
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16
•1
1
285
417
1
1
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May
25
211
5
44
5
27
834
Adventure Con
5
27
27 4
8438
Last Sale 11
3
10 4
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4 Marl
27
834
834 Amalgamated
Allouess
6
64
6
214 214
44 44
20 4 20W
8
214
44
204
8
84
800
1
24 May25
Apr 24
18
70
70
33
J'ly
J'ly
49
4 50
Last sale
•90
-90
214 244
90 4 91 34
23
24
50
i
34
10^
112
1 9 18
50
Mohawk
M ontana Coal &
Old Colony
24 4 Old Dommio-n
914 Osceola
J'ly'05
••75
244
914
23 4
•60
1
25
25
23 4 Parrott(Silv<fc Copp) 10
25
Phcenix Consoi
Last Sale 100
25
J'ly'05 Quincy
2
25
2
Rhode Island
2
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14 Santa Ee(Gold<fe Cop) 10
10
74
74
7 4
7 4 Shannon
118 118
25
117
117 Tamarack
34
4
8
a
3
26 4 27
27
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314 324
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43 4 434
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10-2
112
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113 4
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314
104
434
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115
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550 174May23
1,402
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710
6
5-
2
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665
23 4
670 88
1,096
175
315
110
1,372
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70 J'ne'27
10 4 Jan
48 May 1
22
oO
95
J'ly
8
May29
May 1
Feb 9
J'nel2
J'ne22
May
14 May
14 May
64 Feb
4
1
8
87 101 May'23
2 Feb 3
25 1,245
244J>ne2o
25
7 3 8 Jan20
725
25
9 Mario
100 7,185
274 United Copper
314 UuitedStates Mining 25 19,860 21 Jan 25
9 4 Apr 6
616
104 Unit States Coal &Oil
Tecumseh
4
J'ne'05 Tennessee
8 Trinity
4-4
4 Utah Con (Gold)
5
25
25
25
25
3't Victoria
Winona
11
115
l 9 ia
Wolverine
Wyandot
iBetorepay'tolassess'ts called in 1905. d Before pay'tot assess'ts called in 1904. *Bid and asked.
\\
154
127
186
Apr
Oct
Dec
Nov
1624 Jan
285
142
57
88
175
1 1 4 Sep
24
524 Oct 804
12 4 Apr
J'ne
No?
Dec
Deo
Apr
Jan
Jan
234 Nov
Apr
7
117 4 Apr
38 4 Apr
7
7
1044 Apr 18
•674 Jan 20
22 4 Feb 6
104 Feb 8
92
99
4,214
394 Mar
i
2
May 19
410
9 4May2*
205
105 Jan 4
624
14J'nel'2
245
New stock.
1
8
24 4 Dec
87 Dec
64 Nov
27 4 Sep
152 4 Nov
141 Nov
1494 Nov
21 4 Nov
94 34 Dec
4 Sep
12234 Dec
194 Nov
7 4 Dec
265 Aug
194 Nov
444 Aug
8434 Oct
200
234
141
4
17
243
9
116
Nov
Nov
Nov
Jau
J'ly
Nov
Nov
Oct
224 J'ly
26 Nov
5
113
Oct
J'ne
8
1114J'ne2e
4434
71
8
144 Jan 16
Mar
9
64
Ma)
Jan 11
204 Dec
77 Jan 103 Dec
10 34 Feb 34 Nov
40 4 Jan 994 Dec
84 May 33 Dec
Sl^Ma) 95 4 Dec
50 Apr •75 Jan
64 J'ne 234 Nov
Mai 101
754 J'ne 93
4 Aug 100
76
Mar20 t90
75
Aug
Dec
Dec
Jan
74 Nov
ti34 Mai 121 Nov
Apr 14 43 Fel) 82 34 Dec
Mar
75 Mar
1
8 Feb 14 Oct
Jan 5
28 4 J'ly
Jan 25 894
5
Jan 4
Granby Consolidated. 10 1,374
Greene Consolidated, lo 5,7 78 204 J'nel3
3
Consoi..
Jan 4
Guanajuato
1,445
Last Sale TO
J'ne'05 Mayflower
134, 134
134
13 4 .Michigan
136 J'ne
fll04 J'ne
IKO J'ne
160 Apr
276 Jan
133 J'ne
24 4 Jan
73 Jan
170 J'ne
5
25 29 4 Aprlf
Jan 3 03 Marl3
64
214
44
204
8h
25
25
25
25
Coke 25
25
230
Jan
34 Feb
Apr 13 74 J'ly
Jan 17 30 J'ne22 17 Feb
May28 149 Mar 2 122 4 Feb
122 4 Jan
May22 140 4 Mar
May23 148 Jan 4 1194 Feb
9 Feb
Jan 23 404 Apr 18
924 Jan 3 109 Mar31 68 4 Jan
Nov
3
34 Maris 4 34 J'ne
ll'24Jan
1174J'ne28 124 Jan
17 Jan 24 244 Mario
74 J'ne
5 4 Jan
54J'ly 5
74 Jan lo
244 J'ne2a 257 Apr 8 230 Feb
169 4Mav22 191 Janl al51 J'ne
384 Jan 6 45 4 May 12 36 Dec
804 Jan lo 884 Mayl: 774 Mai
US5 4J'ne20 206 Apr 29 173 J 'lit
14 Apr
1
Feb 6
2 Jan 4
134 Feb IT 1404 Apr 27 118 Feb
1
4 Oct
Feb 21
24 Jan 9
10 Jan 6 17 Jau 10
8 Oct
230 May23 524 Feb 28 208 Mai
64 Jan
8 4 Jan 12 104 Feb 23
105 Feb 24 114 Jan 5 x994 Mar
23 Jan 18 23 Jan 18 22 Dec
25 May23 264 Jan 16 24 4 Oct
2
Jan
2 4 May25
4 Jan 6
103 Apr29 115 Feb 20 95 Feb
25
25
Isle Royale (Copper). 25
37 Feb 155 4 Dec
Mai 242 4 Nov
158 Aue 1754Dec
166 Apr 174 Oct
295 Feb 303 4 Dec
-cl
Aprl
194 Jan
115 86
44
754
120 20
604 1304
88 132
2,027 137
3,070 21
2,197
3,419
CopperlOO 16,034
Mass Consoi
I
Jan 1014 Nov
J'ne 254 Deo
1
94
10
Mar 89 4 Not
64
1854 May 199 Oct
1874 May2 159 Aug 163 4 Apr
233 May'23 222 Jan 232 Apr
212 Apr2" 198 J'ne 207 Apr
79 Jan
74 J'ly 804 Feb
102 Febl
528 77 J'ne2
68 Mai 79 4 Nov
87 Keb
328 50 Apr
29 Aug 734 Dec
172 Jan
15 Jan 1
17 Mar 20
50 Jan
40 Jan 42 Feb
554 Aprl
93 4 Jan
87 4 May 954 J'ly
1004 Feb 2
7,468 113 Jan
714 Mai 1164 Nov
!37 4Feb'2
11 90 May
1014Feb20 86 4 Mar 974 Dec
172 Jan 18 175 Mar
160 May 173 Nov
Z'i
93 Jan
89 Jan 934Dec
99 Mar2
112 Jan
Apr 2 108 Jan 114 Dec
117 4
214 Jan 2 25 Feb 23 164 J'ly 17 4 Feb
37 4 J'ly 43 4 Dec
146 Mar20 147 Mar-28 143 Dec 146 4 Dec
321 L954 May2
165 Jau 1
232 Jan 2
136 205 4 Jan
Do pref
50
Amer Sugar Ken n
loo
137
Do pref
138 4 i*334
100
Amer Telep & Teleg.100
139
139
139
36
36
364
36 Amer Woolen
100
10441044 104
Do pref
104
100
711
Last Sale 44
J'ne'05 Boston Land
10
""14
117 118
1174 1174 Cumberl Telep & Tel loo
•23
23 •> 224
234 Dominion Iron <& St
716
LaslSale 54
J'ly'05 East Boston Land
*
"269
241 244 4
242 4 Edison Elec Ilium... 100
17? 177
1774 177 4 General Electric
100
107
•444
444 45
45 Mass'chusettsGasCoslOO
795
Do pref
86 4 85 4
100
979
854
854
187 4 1874 190
190 Mergenthaler Lino. .100
64
•14
'14
Mexican Telephone., lo
6
138 138
138
100
138 N E Telephone
58
Last Sale *he
May'05 Plan tComt'ststk com 100
Last Sale 15
Do pref
Mar'05
100
240 4 240 4 240
Pullman Co
100
9 4 94 •94 240 Heece Button-Hole.. 10 119
20
04
•107 108
107
100
107 Swift & Co
6
Last Sale •4H
Jan '05 Torrington Class A.. 25
Last Sale 26
Do pref
25
J'ne'05
Last Sale ^4
J'ly'05 Union Cop L'd & Ma. 25
100 106 4 1054 100 <• United Fruit
loo
559
674 69
2.770 57 J'nelS
084
68 34 Un Shoe Mach Corp.
32
32
Do pref
324
1,091 31 J'ue3i.
32 4
Last Sale i.34 J'ly '05 U S Leather
114 J'ne 8
100
10O 4 Jan lo
Last Sale iii4 J'ne'05
10(
Do pref
U S Rubber
100
200 344 Jan 4
984 Jan 5
Do pref
100
1
100 21,163 244May22
344 34 4 "334 "34% U S Steel Corp
1014102 4 1014 102
Do pref
100 11,565 91 May2S
'40
Last Salt 40
25
Mar30
J'ne'05 West End Land
184 19 18 4 19 West Telep & Teleg.loo "165 16 4J'ne20
*100 101 *100
100
Do pref
129 97 4 Jan 24
101
84 Mayl 1
Last Sale S4-4 J'ne'05 Westing El & Mfg... 50
Last Sale »24 J'ne'05
91 May 2
50
Do pref
27
137
137 4
140
27
137
Last Sale 2*4
254
314 324
10 4 104
43
43 4
25 4
11041104 1114
1 9 16
14 14
14
110
5
14
244 25
104
64 6 4
214 214
14
117
3
94
14
117
4
30 4
5
•75
13 4
Old Colony
Pere Marquette
1
Feb'o5 Amer Gold Dredging 5
8 J'ne21
300
9 4 Am Zinc Lead & Sm. 25
Last Sale 254 May'05 ADaconda
25 4May31
25
1
25 2,800
May 2
2
24
14 24e
24
24 Arcadian
••40
-j:>
-60
45 J'nelS
Last Sale 50
J'ne'05 Arnold
14
144
26 2',947 12 4.May22
144 144 144
154 Atlantic
294 294
284 294 29
29 4 Bingham Con Min&S 50 3,210 28 May22
••50
•55
•55
-55
"55
•85
Bonanza (Dev Co)... 10
200 '50 May 6
84
84 84
84
84
34 BostonConO&G (rcts)£l 3,895 54 Jan 26
646 646
644 645
645
25
15 601 J'ne 7
615 Calumet & Hecla
•10
Last Sale 15
MaiTS
10
Apr'05 Catalpa (Silver)
20
204 20
204 20
25 3',"l05 164Mar22
20 Centennial
•64
6 Mar 14
6 4 Last Sale 64
Central Oil
25
J'ne'05
•55 •57
"54
•55
'55
•55
Cons Mercur Gold... 5 3T50 30 Mar24
12 Jan 3
Last Sale 25 4 Jan '05 Continental Zinc
25
694 70
70
70 4
704
704 Copper Range Con Coloo 3,282 64 Jan 25
14
14
14
14
20
134
Daly- West
480 114Mar3o
134
814 814 82
32 4 •81
Dominion Coal
100
220 60 Jan 10
83
115 116
1154 1154 •115
100
Do pref
10 113 Jan 10
118
•2 4
24
•24 24 >..... •••••. Elm River
Mny26
12
2
20
•94 10
8 Apr 29
94
94
l«'ranklin
25
285
94
94
74
8
98
264 27
824 834
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20
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*
50 4
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••75
4
64
214 214
44 4 4
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50
2
10
6
22
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4
94
64
134
83
116
115
4
203B
20
604
69
10
64
55
•55
694 70
134 134
•24
204
20
64
-54
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"60
101
N Y N H & Hart.... loo
Northern N H
00
Norwich & Wor pref 100
98
91
6
6
100
50
244
•24
•90
03
J'ly '05
Mexican Central
90
2,175
lUining
4 16 l6
94
•40 -60
14
14
144 144
28 4 28 4
284 284
••40
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t
•95
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28
83
610
•64
82
84
98
100
44
26 4 27 4
824 83 34
14 14
40 '60
134 134
28
28
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19
101
84
98
100
44 44
274 274
83 4 844
44
•
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101
101
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15
9
99 4 Jan 25 1044J'ne28
Jan 3 201 Apr 4
2151 Jan 25 1584Apr28
z'24l Mny26 249
MarlO
z 172 J'ne
185 4 Mai 11
171
Jan
175 Apr P
Jan 18 310 Apr 25
106
13 4 Jan 1
35 Mar2'2
03 4 Jan 17 82 4 Apr 13
150 Janl 182 MarlC
2
Feb r
Jan
132
1-6 Jan
1894 Mai 25
160 4 Janl 1 05 4 Apr 17
285 Jan 1 295 Feb 7
142 Jan
148 Marl 5
59 4 Jan 1
85 J'ly 7
86 Jan
93 J'ne21
175 Jan 24 1854J'nel"
13 4 Feb 1
23 Apr
55 4 i.'ebi
704Mar.'i
100
100
1.
200
81
59 254
184 1«4 184 19 4
02
6S
634 63 4 634 634 63
J'ly'05
2O4 21 •214 224 Last Sale '22
200
200 4
200 200
'2004 2014 200 201
a
Last sat I6? 4 May'05
Last 3 a c ma
May'05
205 4, '206
207 207
2064 200 4
207 207
Last Sale ys
98
J'no'05
98
•78
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79
79
79
78
80
194
19
774May20 034 Mar
2,340
H «n
5
124
314Aprl2
24JTyl3
14 Feb 23
(
154 Feb 294 Nov
Feb
3 Nov
J'ly
14 Nov
•25
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7
Feb 22 4 N'ov
184 Mario
354 Apr 17 19 Mai 384 Nov
•39
Ma) l 3 ieNov
Marl5
6 Oct
7 4 Nov
84 May 19
695 Feb '20 435 Jan 700 Nov
"25
Nov
•15
Mar 1 05 Apr
26 Jan 4 d 14 4 Feb t324 Nov
64 J'ly 10 May
8 4 Janlu
75 Mayll •20 J'ly 75 Jan
74 Apr 14 Oct
154 Jan 20
83 Marl4 38 Feb 74 4 Nov
10 34 Aue 36 Jan
18 4 Feb 15
864 Mar31 40 J'ne 72 Jan
103 J'ly 118 Nov
117 Mar25
14 J'ne 4 Nov
34 Jan 13
J'ne 15 4 Nov
7
12 4 J an 10
24 Mai 5 11 ieNov
6 4.Marl 5
20 Oct 34 4 Dec
304 Apr 10
5
Dec
74 Apr 18 024 Feb
8 4 May 35 4 Nov
284 Jan 17
134Marl3 d i Feb t94Dec
14 Janl'z •45 J'ly 2 Nov
34 J'n e 11 4 Dec
154 Marl 3
56 4 Mar 9 34 4 Feb 5 7 4 No v
2 4 Jan
64 Aug
5 4 Jan 10
14 Jan 18 •50 J'ne 24 Nov
94 Feb 29 '4 Deo
28 4 Jan 3
103 MarU 53 Feb 98 Nov
304 Apr 10 2u 34 Feb 33 4 Nov
3 4 Jan 14 <2'50 Aug 15 Nov
118 Jau 17 80 Feb 125 Nov
3
Nov
14 Feb 21 •50 Ma\
14J'm 3 4 Nov
3 Jan 18
3 4 Aug 104 Nov
9 Jan 3
85 May 140 Nov
140 Marl
44 J'ly 3 •25 J'ne 44 Nov
35 Jan 19 34 Nov 43 4 Dec
334 Mai 18 4 Nov
134 Feb 1
Mar
6 Mai
28 Apr
18 Jan 284 Dec
33 4 Apr 15
8 4 Jan 12-4 Nov
114 Jan 5
46 4 J'ne22 30 Jan 47 Nov
64 Nov
2 4J'nt
6 Jan 13
154 Feb 21 5 Feb 134 Nor
120 Feb 10 69 Jau 110 Nov
24Feb21 50 Feb t3 Nor
•85
-I
1
fAss'tpaid. tEx-rights. <zEx-div.<fc rights
V
5
1
ILY
J
KXDUiU JULY
iVn-c
14
Week's
Range or
Last sale
Low
1906 FA
1904 M-N
lost A Mon 3d
Boston Terminal 1st 3 Vs. 1947 FA
1918 J-J
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1918 J-J
Nou-exeuipt 6s
1910 J-J
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1917 A-O
lulled- Boston 1st 6s
Jedar Hap deMoU 1st 78.1910 M-N
1909 J -I)
2d 7s
lent Vermt 1st g4s..Mayl920
extend 4s.l905 ?:5
3hicBurl <& y
1919 A-O
Iowa Div 1st 5s
1919 A-O
Iowa Div 1st 48
1919 M-N
Debenture 6s
Ws
S
JTt'OC
102V I03V
94 V
94 V
JhicJo By
&
YdsU
stk
101
107V,
Vn V
l
81
101V
100
101V
B9V
109
J'ne'04
99 V 99V
95 V 96 V
107V
V 108
99 V 100 V
1-6 V 126 V
126 126
108
108
108 V 109 V
96
107V
106
100 V 100V
126 V Mar'05
126 Feb '06
108 Mar'05
Apr '05
101
93
J'ne'05
98
107 V
102 V
103 V 103V
105 V 108
139 140V
139 140
98 101V
98 101
100
109V Mar'05
V J'ne'05
V Apr '05
105V May'05
140V Apr '05
102
103
102V
103V
105V
M-S
M-S
A-O
A-O
140
140
101V Sale
J-J
q.J
Apr'05
140
101
101
V
101V
3J
J'ly '06
102 V
100
109 V
103 V
interest in addition to the purchase prioe for
Tuesday
July 11
all
Smldgr
loi
L
107V
123V
ins
123 V
'-j
1
Boston Bonds.
-
No
108
V
107V L08V
B8 v
B"i
V
Mm '06
93
j'm
102
11114
D4V
103
101
V 106V
102
E
'
98 V
-j
'.'.;
10. '4 Miiv'n.",
lis
tluy'04
Sale
76V
78V
'4
106
25 Mar'05
16 V Nov '04
75 J'ne'03
102'.. Aug'04
97-',
97 V 97 V
103 V
Apr
26
26
04
98
101
101
102V 108
103V 103V
'05
106 V Feb '06
100 Dee '04
100 l)cc'04
104 V J'uo'04
1102V Jan '08
125 V Mar'05
103 V Apr '05
103
102 V
''ioHW'i"
101 101V 101 J'ly '05
102 V
102'y
102V....
106V
106
1103V 102 V
124 V 126 V
103 V 103 V
102 Mat '02
99
99\ 99V
99 V
105 V 106V 106
106
107 Feb '03
97 100
104 V 106 V
1105 V J'ly '05
1105V 10UV
126V J'ue'05
111SV1U38
109
109
107V114V
J'ne'05
94V
ioT
J'ly '05
1192VH97V
102 V 102
102 V Apr'05
105V May'uS
102 V Apr '03
U91
111
lll
latest bid
;
l
4
108** 108 V
111V111V
Flat price.
1[
Range lor Year
1905
the
91
1191
Weekly, Yearly
Daily,
Sales
105 V
103
Jan '05
Apr'05
and asked.
V
105V 106V
102V. ... 103V May'05
104 V 104 V 104V 105
price Friday
ol
70V
loov 101 v
100
100',. Nov'04
120 V Sep 'ni
102 V
Mi x.nan Central cons 4s.. 191
Jan 1939
1st cons iuc3s
Jan 1938
-il cons iuc 3s
Mick Telep cons 58 tr rec.1929
.Miune Gen Elec con g 5s 1929
1929
Now EngCol Yarn 5s
1906
New EugTeloph 6s
1907
6s
190S
69
1916
5s
N Y&N'Eng let 7b.'!"!!.' 1905
1905
1st 6s
1924
Old Colony gold 4s
Oreg By ifc Nav con g 4s.. 1946
Dreg Sh Line 1st g 6s
1922
Bepub Valley 1st s I 6s... 1919
Rutland 1st con gen 4 Vs. 1941
Rutland-Canadian 1st 4s 1949
Savannah Elec 1 st cous 5s. 1 952
1930
Seattle Elec 1st g 6s
forrington 1st g 5s
1918
Union Pao BB<fe 1 grg4s.l947
1911
1st lienconv 4s
United Fruit convgen 5s. 191
S Steel Corp 10-60 yr 5s. 1963
U
1915
West End Street By 4s
1914
Gold4Vs
Gold debenture 4s
1916
1917
Gold 4s
Western Teleph & Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s.. 1909
'•
1
tttl/h
101 V
104
"
.Vo
J'ly '06
01
'.,
i
Since
January
V J'ly '03
V J'ue 01
98 V
98 V
9
98
93 V
104 V 104 V loi
1
(For Bonds and Inactive
trtday
July 14
•.nil's
101
128
1st 7s... 1908
ACTIVE STOCKS
Thursday
July 13
Wednesday
July 12
Kit Kt
High
1925
Exchanges— Stock Record,
inn Prices
(.'oik
1
Monday
1
102 V
102
99
Share Prices— -Not 'er
July id
129"
1
109
101
Philadelphia and Baltimore Stock
aatur day
July 8
99V
129""
108V J'ly '05
109V Mar'02
112V Jan '03
W
Note— Buyer pays accrued
99 V
Maj'06
96V 96V 96 V
W
nil 1st 7s.
i,
.1.
I
99V Apr '06
A
1915
1927
V 1st 6s. .1933
Unstamped 1st 6s
1933
It Nor C B & Q coU tr 4s 1921
Begi8tere<148
1921
102V 102V
100V loov
106 V Dec t»2
100
126 V.
125 V
109
s
l'l
6s...
100V
102s
C Ft Scott >t M 6s
1034
K.iuC M A BK«H 4s
193
Assented Income 5s
Kan C* M By a Br 1st 6sl929
Kan CSt Jo<fi C B 1st 7s. .1907
i,
1
Ask Cow
mo v.
HUT
Maine Cent cons 1st 7s... 1912
Cons 1st 4s
1912
Main lough A tint 1st lis. 925
J'ly '05
Sep '04
105
.1915 I.J
ritohburg 4«
4s
iTemt Elk & Mo
Jan
101V Apr '05
ibo v
Coll trust retunding g 4sl940 A-O
Mi Mil
StP JJubD 6s.. 1920 J-J
Jh
<& St P Wis V div 681920 J.J
31uc <& No Mich 1st gu 68.1931 M-N
3bic <&
Mioh gen 6s
1921 J-D
Joncord <& Mont cons 4s. .1920 J-D
Xrnn & Pass K 1st g 4s. ..1943 A-O
1927 A-O
yurrent BlTer 1st 5s
1st 4s... 1946 A-O
3et Gr Ban aDominion Coal 1st 6s
1913 M-S
la-stern 1st gold 6s
1906 M-S
M
88
100
109
.
K.iin'
'.
1910
1913
i
J'ue'lU
J'ue'05
111V 111S.
89
Kan C Clin <£ Spr 1m
1104 V
li'b'04
100
129
88
1
94V 07V
'02
iMai'o::
101
112 V Jan '03
1 1 2 V Dec '04
102V Feb '05
99 V J'ly '05
111V
MS
L09
s
Range
~
L908
Nuii-i'uiivi'i i rteben 5s...
la
alls, V. SIOUX C 1st 7s..
lur'00
W
129
deben 5s
Illinois Bteel
Ills
-
Lati Sale
! I
Bid
n'04
.
104
117
99V
Juhi
k.iii
Ho
112V
1
«-.
Bangs or
J-ridnn
High
107
6
1922 FA
1921 M-N
1921
19 '» J-J
1
1
Week's
«
B
Wl.tk KNIUMI JULY 14
11
100
H8 8. 103
90V
48..... ..
issue 7b...
48
Illinois DiT 3 Va
Joint bonds See Gt Northern
<fe
January
High
99 V
-1
B
V
'
205
BOND!)
VON STOCK BXOH'O
MHO*
MS
Denrer Exten 4s
Nebraska Exten 48
1
Range
frtdat
July 14
Bid
Ask
1P08 J.J 100 K«u>
km Bell Telephone 4s
A Tol coll tr 48.1928 J.J BO'S Bale
Uu Telep
ttch a Nebraska 1st 7a. .1908 M-S
itch Top a- S Fe gen g 4s.. 1996 4.-0 108V ib*8*"
97
96
J'ly 1996 Nov
Adjustment g 4s
Boston Sleet Light 1st Os.ioos
1984 M-S
Consul 58
li>07 J-D
lost on A Lowell is
Maine V-s
1944 J-J
loston A
Improvement
V
Boston Bond Kecord.
BUM Ofei
BOSTON STOCK EXCH'QK
WkKK
V
^
!
1905.
5,
1
1
Range
tor J^revious
Year (1904)
Week
Stocks see below)
Lowest
Shares
Highest
Lowest
Highest
Baltimore
83V S3V
26V
90V 90V
65V 67
26V 26V
66
•13
66
51
27 V
V
11V 11V
14
14V
4s
•17
48
V 105V
63 V 64
71
13
13
61
27
'104
*26V
4V
7
27V 27V
11
4>4
71V 71V
43 V 43 V
•43 V 43V
S'M
8V
•20 sj 28V
63 V 54 V
•47V 47V
47
47V
60
11
V 4Ve
4
71V
ia
v
14
14V
47
48
•17
18V
105 105
63 V 63 V
9
9
26
90
65 V
26
90
55
•13
45V
17
60
95
V
105
63
54 V 56
13
13
51
27
8iVe
47V
60
95V
95V
Hid
4
Ask
45
17V
105
63
4
28V
63 V
•46V 47
' 4 6V
47V
60
94 V 95
21V Jan 16
200 83 Mar23
2,199 47 V Jan 24
86 Deo
J'ne 109 V Deo
67V Jan
71
26VJ'ue30
1,437
90 V J'ly 6
67 J'lylO
Mar
12VApr24 13
60
94V 94 V
15 V Doc
5V J'ne
43 J'ne
18 V May
13
Philadelphia
American Itailways
51
28
53
60V
*6li
May 16 90 Apr 13
May 2 5 110 Feb24
83
99
3
51
27 V
S 15 io 81<V6
8U>i„
60
160
50
86 48 Jan 3 54V Apr 4
50 2,906 24V May22 28V Feb 17
12
12
Electric Co of America 10 2,165 10 V Jan 25 12 V Feb 20
•13
14 Gen Asphalt tr ctls
629 10 Jan 9 17V Jan 27
100
•43 4 44 V
Do preltrctfs
100 1,092 38 V J'ne20 49 Jan 26
Lake Superior Corp
430 14 V May24 25 V Mar 4
16 V 17
100
*
103
Lemgh & Nav tr etis. 50
110 loov J'ly 3 1 10 V Feb 14
62 V 63 Lehigh Valley
903 52V Jan 9 70 Feb 25
50
4
Marsden Co
4
100 1,135
3 J'ne 1
5V Jan 17
50 9,921 65i*ieMay22 73V Marl3
71Ve 71V Pennsylvania BB
Philadelp'a Co (Pittsb) 50 1,699 40V Jan 25 48VMar27
43
43
8V 8 l5 ie Philadelphia Electric*. 25 2,727 8 J'no 5 12 V Apr 2 7
Phila Bapid Transit^.. 50 2,650 1 17V Jan 4 |36 Apr 17
28
28
52
61,727 39 V Jan 18 54V 6 J'ly 7
52 V
Do 1st pref
15 45
May20 47 Feb 2
50
46V 46V
* 46 V 47
Do 2d pref
50 1,101 42 Jan 9 47 V Jiy 10
Union Tracton
435 58 V Mar 9 63 May 19
59 V 60
50
* 93 V 94V United Gas Impt
50 3,656 90 j'ne 5 125 V Apr 18
-18
20 Feb 2S 28 Jan 17
20 WelsbachCo
100
51
27 V
12
13
71V 71V
43V 43 V
28
28
527 l8 53 V
•46V 47
•46V 47
28V
53^
60
13
4V 4V
70V 71V
43 V 43 V
47
95
27V
11V
45V 45V 44V
•16V 18
17V
103 V 104 V »10J
•62 V 63
62 V
81V6 8l°ie
60
51
51
27
11V 11V
70 V 71V
43V 43V
28 V
*2SV 29
63V 54H 52V
•47V 47 V • 46V
47
47V •46V
60
25V 25V
89V
*
27 V 27 V
•11V 12
45
17
105
63
»4
83 V 83 V *83
100 101 •10OV101V Northern Central
50
25V 25 V •25 V 26
Do lstpref
100
89V 89V •89 V 9o
Do 2d pref
55 V 65 V
100
*55V 56
*13
"13
13 V United Ry<fc Electric. 50
83 V 83 V
100
*
27V Cambria
Oct
61
26V Deo
7 V Feb 11 V Nov
6VJ'ly 14 V Nov
20 Aug 41 -2 Nov
Steel
33V Feb 69 V Dec
2' 8 Mar
4 V Nov
55 V Mar 70 Deo
:;'•« Oct
37 V May
U5 May tlO't IH'0
8 Jan U9 Nov
19 V Mar 4l 4 Deo
38 Mar 46 Deo
28 Mar 42 V Dec
45V Jan 59 V Deo
May 108 Deo
81
19V Oct 22 J'ne
1
l
c
PHILADELPHIA
PHII>ADELPHIA
Inactive Stock*
umencau Cement
leJl
10
50
50
Telephone
iainbna Iron
tentral Coal <& Coke. 100
Preferred
100
lonsol Trac Pitts
5o
Preferred
50
diamond State Steel.. 10
Preferred
10
Caston
Con Electric
49 V
Berg&EBrwlst6s'21J-J
Betide Steel 6s 1998. y-F
Che & D Can 1st 5s '16 J-J
100
loo
50
Preferred
Ok&Ggen 5s '19 J-J
By 1st con 5s 1932
Con Trac of N J 1st 5s. '33
E A 1st M 5s 1920 .M-N
Ch
80
82
<it
tittle
Schuylkil
linelnli
dbSchnyl H..50
Haven Iron
»
I
10
50
Brothers.
A:
or them Central
.
H
26 V
25V
'Indianapolis By 4s. 1933
Interstate 4s 1943 ..F.A
Lehigh .Nav 4Va '14.Q-J
Bits 4s g
1914. Q-l
GenM
,
Ion
pref.. .60
Qerman ii; N01
On a Tract on
allways Genera
Iron
io»i|Ufli
Mewatei
<fc
St>
Ne»'
107
'97"
Ni-.v
NY
Os'v
N
%>UtPow
VarwiCK Irou&
>>»t Jersey <fe SeaSh.60
^•stmoreiand Coal
50
•
Bid
anil aakeil prices;
'4
101
V
*
1
U Trac Pit gen 5s
Welsbaeh
83
87
65
117
18
13
269
270
150 V
100
';..
AH. in
Mil oa-i
General 5a
440
80
68
10
9
Norfolk
36
9 '4
loo
A"
1939
.
1
PCo
r
1
1
M
cert »4s
'
i..
lsut eoltrSs'49 M-S
5 1 M -N
1
Couit col tr
m
Phil i.icc gold trust cits.
Trust certtta 4s
no sales on mis day.
%
Ex-nghW.
|
1
V
No
ii*f
104 V
lo'JV
7
.
"H
Bait H.
i
..-
.'11
"2'.iM.
1942 J-
.
97'80 paid.
.
1
I»15pai0.
t
4l0
paid,
'.
1.
Is 10.
5
uiv
1
23
31V
Hil
117
m
i
II
-
6J
"96"
s
-J
112
.
2d
3d
107
lili
Va
1 lb V
*20
paid.
mi
v
7
V
1 1
.Ms
1
108 V
aei
(Stall
unddebl
\\ls\ a< a
1
W
1
Ms
•
1
4
'•
-'
-'.
3« 1991
I
•
116
,
•'
114
-I
V
114V
62 V
'
'
.
111
no
Va Midi
'.'5
I-
onrertlbl
oo M
hit Byoon6sl932 M
KitA. imp 6a. 1982
ilnV
122'.
11
Ul*<
1
—
A-O
Bound
in
p
1
1
..J-J
..J-J
1
is
108
112
A
108
I
..•)-.)
I
'
..;
106
1916 M.
N
1
.
I
4s
M
1943
5a
al
1
1
5s.
i
\
I.
inil^'
91
Serli
106V
11 MI
I
I
.a
113 V
114V
North Ceni IV
104
06.J-D
People's
61
:<i
Put 5a
it
96 V
113
113
108
107
108 V 109
1 1-t
116
107\ 108
I
160
•1
inn
100
Ch 1st 7..
C L 111:1
\il .t
5a '46 J-J
5s g "J'.i J -J
hi
1.1
MetSt(Wa8h)l8t68'25FA
Ml Ver Cot Inns
Boomee
Npl N.tn I' lst6s'38 M N
94
Brewing
isi
1
Fla... Urn
<t
A hi
G-B-8 Brew :;-ls 1951M-S
2d lucoiin- Sa 1961 M-N
70 V
95
loo
urei
urel
-
M N
i
i
it
mi Vernon cm Duck...
Bonds
101
'4
6-4
liait
150
1st
1st La
..'.'....M-N
Prill.
6V
.
Consul Gas 6s. ..1910 J-D
1939 J-D
5s
104
105
94 V
118
>
68
in.
C«u
Coal& 1 By 1st 5s'20F-A
22 V Col&Grnvlst6s 1916J-J
Ask
104
KnoxvTrac 1st 6a '28A-I
LakeB El lsl gu58'42M-S 117
88
Canton Co
ia sou
s
1910 A-O
2d 7s
63
•
uta
M
City<fcSublsl5s..'22 J-D
City & Siib(Waa)lst Ss'is
1
Charlotte. .100
AtlanCoaat Line BE urn
Allan Coast L (Uuuujlllu
109 U
112 V
El 5s '99
6c
A ext 5s. '09 J -J
<fe
97
97 V Ga Car it N si
84V 86 '4 Georgia P 1st Us. ..'22 J-.l
GaSo & Fla 1st 5s 1 94 5J -J
113V
5s 1930. j.d
l'i'i
no a;en
Consol ."m c 1919... Vai
l'<
f
-J
C
Charl
ib'6
liini live >tocks
'lis Coal<fc Irou.100
Ala
i-i
»4
s
'97 J
Chas By G
BAI/TISIOKE
1
.
By con 5s 1930
L con 5s '54J-J
1
102
Bid
CTias City By 1st 5s '23 J-J
Wlks-BO<tEcou5s'55JJ
ib'o"
194 1 -1-1
5a 1930
.\<< Pi
Trans
.nited'i'rac Puts
""referred
No
Pint
Im
NoOh
l'ud
2o
50
On
Steel. lo
-
W& B col tr 4s '21. J-J
U Trac Ind gen 5s'19.J-J
Un By s Tr ctls 4a'49J&J
101
BALTIMORE
Ask
115
Terminal 6s g 1941. Q-F
Bochester
Boch lty&
Paascon
i:;;
100
1
of Kerl
J p.lt it <;..liiu
d;
-
I
l'i'i
4 s
50
10
rnopah Mining
108 V
Bid
Gen M 4sgl920..A&O 104V
Ph <fc Bead 2d 5s '33.A-U 124
Con M 7s 1911
J-D 117 117V
ConM 6s g 1911.... J-D 111V 112V
g '47. A-O 106
Ex Imp M 4s
Con M ot '82 4s '37. J-J
Uencous4s 2003. M-N
Leh V Trac l8t4s'29.J-B
l*relernd
iiteil
J
PHILADELPHIA
P & E gen M 5 g '20. A-O
P
109
J-u
Annuity 6a
10
Steel
ii'siv 12*0*9
i-
j
-M-s
Consol 6a 1023
65
15S
•
1st 5s g '38. .J-J
2d 7s 1910
(JV,
">i
"leal
C
V
Leh
.".'
Pre :etreil
Tula
4Vs g.l924.y -1
LehV ext 4s 1st 194s..
12 V
Steel.
Sail
Bteel.
PeoTr
stk trctts
En II Gas-L 1st g 5a 1928
<fc B Top con 5s '25 A-O
Elecdi;
Pennsylvania. .5i
wmsylvania
ylvama
90
<fc
liauapolis St
loo
sdiana Union Tr
100
VMirance Co ot N A.. 10
jler Sin I'oh- <fc Cheiu.50
Ajatone Telephone ..5o
Preferred
50
(eystom- Wat cliCaae.il n
115V
Col St
lermaulown Pass
lurnson Bros pref. ..100
x«
115
Choc& Me 1st 5s 1949 J-J
j.50
Uec Storage Batt
Ask
Bonds
ext 7s 1910 A-O
AmRysconvSs 1911. J-D
Atl City 1st 5s g '19. M-N
Balls Ter 1st 6s 1926.J-D
Al Val
6V
49
E
Bid
[Vol. lmxxi
TJIK CHRONICLE.
2(>(i
Imrcstmmi ami Railroad Intelligence,
RAILROAD 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 .Inly 1 to and including such latest week or month. "We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period.
The returns of the, street railways are brought together separately on a subsequent page.
l.u.if.s.1.
KOADS
Weak
or
C
Month
AlaGt Southern. ithwk J'ne
Ala
NO
<fc
Grafts
it
harninus
/Tevious
rrini
Year
Itllv
I
*
87, 344
87,0 18
/ ";'i '
yi if ni
J
,i.
1
\\
a
3,099,440
3,303,300
2,416,966
1,285.092
1,426,750
lire. 30,257
lnt
April
40,422
Jstwkjuly
39,61:
39,61!
5.845,280 3,338,483 02,495.233 03.053,732
Atoli Top & S I'V May
293,680 270 300 3,098,189 2,970,850
Atlanta & Char.. \pril
91;', 331
619,244
54.710
81.546
Atlantic <fc Blr... May
'2,002,103 ,822,735 20,170,184 18,780,784
Atl Coast Line... May
152,494
15.201
150,43b
10,441
Bait .t Ann 3 L.. May
May
5,840.176 5,242.:;.. 61,921,894 59,689,182
Balt& Ohio
139,373 ln(),:;;;2 1,90 ,05. 1,853,990
Bangor & Aroosl May
00,401
D6.941
4,653
5,634
Bellefonto Cent'! liuie
;;, ,958
37,291
2,933
2,841
Bridgl. & Saco K. April
140,592
140,055
146,592
BulIRoch& Pitts lstwk Julj 140.65
881,737
104,348
84.332 1.028,886
Btiilalo OfcSusq... May.
149.510 138,129 1,541,199 1,470.908
Cal NorLUw'n. ... Juno
00.30J
00,300
lstwk luly
83,700
83,700
Canadian North..
Canadian Paellk lotwli.n y 1,003.000 l,012,oOii 1,003,000 1,012,000
•200.200
171,500
200,200
171,500
Cent'l ot Georgia lbtwkJuiy
2,1 13, 292 1,924,915 20.673,520 19,795,080
Cent'l of N Jersej vi ay
•2,123
2,142
2,142
2,123
Chaltan Soutli'n. 1st irk July
1,802,480 1,617,942 18,877.815 17,559,808
Cheeaii & Ohio... May
852,282 842,928 10,880,984 10.409,084
Chic& Alton Ry. May
131,949
131,949 110,899
116.899
Chi:: Gt West em. 1st w I.July
107,0-5
100,189
107,025 100.189
Chic Ind & L'v... lstwkjidy
t.900,554 3,531,435 15,643,439 44,464,135
Chic Milw <fe St F May
viay
4,003,857 3,835,909 50,700,457 48,954,075
•Chic& North W
•lay
88s,973 795,037 10,930,050 10,580.591
8 hie St
IstwkJuly
30,109
27,192
30,109
27.192
hlc Term Tr KH
TihwkJ'nc 208,970 200,331 7,358,619 6,768,744
iCinNO&TPae.
1,852,355 ^,038,743 22,290,088 21,069,954
!ClCmCh& St L. June
202,804 250.1/0 2,017,027 2,785,119
Peoria <fe East'n May
137,812
137,812 127,795
127,795
Colorado & South istwkJu y
210,872
210.303
18,405
14,200
Col New b & Lau. May
501,050
50,572
43,403
421,474
Copper Range.... April
May
89,803
21,083
6,012
63.422
Cornwall
21,121
256,099
33,359
222,827
Cornwall &Leb.. vi ay
314,500
281,800
Den v. & Rio Gr. lstwk July 314,500 281,800
83,535
904,187
85,303
894.353
[Det & Mackinac. May
38,520
29,330 1,335,309 1,392,947
[DetioitToi. &Ir. 4th wk May
lstwk July
50,480
50.480
49,212
49,212
[DulSobh &Atl..
May. .... 4,135.108 3,809,030 41,390,863 41,103.528
[Erie
May
2,341
34,340
2,857
32,992
jF'rchild&N'r'e'n
8,200
81,257
9,298
76,730
iFarrnv & To what May
55,325
56,091
647,850
614,438
Ton Johnst& Gl. May.....
205,075 152,500 2,312,340 2,321,575
Ft
& B-env City May
May
197.322 109,484 2,289,524 2,259,655
Georgia RR
130,097 134,148 1,700,887 1,693,541
Ga South & Fla.. June
695,926
712,582
Gr Trunk System istwkJuly 695,926 712.582
99,090 119.028 5,019.613 5,285,0
GrTr. West'n. 4th wk J ne
DetGrH&M.. ithwk' J'ne 30,4 98 40,220 1,413,099 1,255,654
3,500,945 2.933.517 41,608,431 38,64 i.428
.
Great Northern Juno
191,221 186,820 2.385,603 2,318,769
Montana Cent') June ....
3,752,160 3,120,343 43,994.034 40,902.197
Total system. June
4thwkJ'ne
44,00
40,884 1,875,120 1,829,814
Gulf&ShipIsland
526,480 391,008 5,485,541 5,243,029
Hocking Valley.. >iay
4,000,517 4,024,226 49,404.472 46,831,136
Central.. June
Illinois
20,432
278,919
25,101
Illinois Southern june
254,066
1,793,653 1,615,814
Ind 111 & Iowa... June
80',700
si'.obo
81,000
80,700
Int & Gt North'n IstwkJuly
IstwkJuly 113,54'.
113,542
108,202
llnteroc (Mex)
103.262
latwkJulj
43,0-15
49,713
49,713
Iowa Central
43.045
150,538 130,623 1,613.297 1,518,274
'Kanawha & Mich *lay
564,480 537,85'- 6,091,412 5,985,440
Kan City South'n May
4,923,617 5,090,211
LakeErie&Westn June
2,7"8i',731 2,514,006 28,238,375 27,030,112
Lehigh Val RR.. May
May
47.313
37,009
425,200
Lexihg & East'n.
405,454
May
LitC
Inc. 160.800
Long Island
636,301
May
84.102
70,073
705,534
Louisiana & Ark.
643,877
701,800
Louisv & Nashv. IstwkJuly 701.800 A 605,455
605,455
Macon & Birm... June
8.753
8,929
132,075
132,428
4,282
34,187
IMan'tee&Gr. Hap November
5,802
37,332
jManis & Nj Eas: April
35,964
34,327
350,229
340,692
June.
14,112
jManistique
8,115
89.045
76,289
30,044
[Maryl'd & Penn.. May
25,735
297,481
283,419
iiMexican Cent'l.. May
2,433,651 2,336,071 23,851,888 23.898,537
552,386 557,304 6,046,749 6,360,419
!j Mexican Iutern. May.-,
Wk.l'ne24 114.800 103,400 5,903,100 5,823,600
f Mexican Ry
liMexIcanSouth'u 3dwk June
23,980
20,802 1,137,780 1,112,960
:Millen dtSo'w'n.. March...
7,402
5,819
Mineral Range.. IstwkJuly
11,157
9,810
11,157
9,810
Minneap <te StL. IstwkJuly
62,573
53,718
62,573
53,718
Mo Kan & Texas IstwkJuly 301,749 285,472 801,749 285,472
iMo Pac & Iron Mi Istwk.Juiy 602,000 601,000
602,000
601,000
Central Branch IstwkJuly
21,000
19.000
21.000
19,000
LstwkJuly 623,000 620,000
Total
623,000
620,000
Ala <fe Vicksb'g
VJoksb 8h 61 P.
Allegheny Valley
Ann Arbor
1
tli
\vk J'ne
4thwkJ'ne
ithwk J'n
(JO, 277
2,563,773
34.087
39,124
65.348
40.4 22
04,665
36.631
37,280
L.358,041
1,424,023
1
:
l
FM &C
.
i
W
.
i
. .
i
•
r
2d week Apr. (42 roads)
8d week Apr. (43 roads)...
.
;
,
4th week Apr. (40 roads) .
1st week May
2d week May
3d week May
4th week
1st
week
2d week
3d week
4th week
1st
week
.
.
(42 roads). ..
(42 roads) .
(41 roads)...
May (46 roads) . .
June .42 roads)...
June (42 roads)...
June (41 roads) .
June t43 roads) .
July (35 roads)...
.
7,870,106
7,900.475
10,152,570
7.396,318
7,607,810
7,591,421
12.098.498
7,601,132
7,930,328
7,911,463
11,003,290
7.141,961
7,203.788
7,208,724
9,659,903
6,903,872
7,164.329
7.177,961
10,851,080
7.201.591
7,500,339
7.471,193
10,612,240
6,850,335
+ 666.318
ePenn— EastP&F May
eWest P &E... May
&
Erie...
St
°ittsbCC&
1.
& U Fear
Heading Railway
rtaleigh
Coal&
IrCo...'.
Total Both Cos
Uioh Fr'ksb <k P
.
Grande Jet.,
Grande So...
Kock Isl'd Sys..
liio
tlio
.Jutland RR
St Jos &GrI
3t
St
L& San Fran y
L Southwest ..
Seaboard Air L..
Southern Ind
So Pacilic Co b...
Southern Railw'y
Texas Centra! ..
Texas & Pacific.
132.37&
92,500
210,491
1,346.358 1,235,558
032,566 620,020
April.
2,117,589 1,962,201
'-lay
4,330
4,809
Apri
3,550,477 2,950,970
May
3,042.048 3,347.091
-'ay
7,1*2,525 6,304 661
Hay
200,710 1-7,552
May
47,798
42,400
April
8,107
8,477
IstwkJuly
3,493,374 3,025,225
May
iuua
116,205 103,652
May..
3,022,480 2,042,320
•lay
150,704 141,710
IstwkJdly
237,091
TolStL&W
IstwkJuly
Tor Ham &Buli. May
70.250
50,197
..
Tol & Ohio Cent May
TolP<fc West .... IstwkJuly
May
.
20,4 19
1,710,870
Vandalia RR.—
St. Louis Div
January.
Terre H. & Peo January...
Virginia & So W'n June
Wabash
IstwkJuly
West n Maryland April
W Jersey & Sea'e May.
Wheel & LE
IstwkJuly
Wm'sport&N.Br. Hay
14,908
May
May
T'n..
V.
& Miss.
594,899
June
Wisconsin Cent..
Yazoo
557,998
12,531
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta & Charl Air Line
Atlantic & Birmingham
Bellefonte Central
Jan.
to
to
to
to
to
to
to
to
to
to
Mar.
&
to
to
to
to
to
&
tMexican Southern
ian.
Missouri Pacific
Central Branch
Total
[National RR of Mexico
New York Central
Northern Central
E
ePennsy., East of P
Jan.
Jan.
Jan.
Jan.
P&E
209,055
221,181
32,012
81,280,909
0,410.725
2,435.707 2.39 -,279
21.920,410 20.-25,079
9,472,240 9,255,746
51,704,050 47,4->S,933
105,7 84
172.900
5,050,004 4,788,765
i«t-.3,13 0,000
8,959,681
12,831.832
0,308,130
22,7-8,028
41,073
34,004,15
33,303,715
07,307,872
1,420.419
409,290
8,107
40,289,096
2,401,686
1,172,4^
35,319.480
150,704
&
&
Wash
Phila Baltimore
Philadelphia & Erie
St Louis
Cin Chic
Pitts
Rio Grande J unction
&
to
to
to
to
to
to
to
to
to
to
Ian-
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
to
to
to
to
(125
(122
(124
(124
(124
(123
(110
(117
(118
(115
(
(
53
53
330,098
48.117
47,181
409,309
313,411
342,850
71,970
14,922
518,445
10.968
504.717
379,556
604,537
409,369
3,195,387 2,999,816
3,940,334 3,901.534
71,976
81,371
153,698
154,807
6.085,119 5,921,096
102,270
178.484
8,003.896 7.868.335
417,308
670,493
415,388
Current
Year
JFYevious
i'ear
Inc. $26 8,031
$653,930 $602,446
342,837
500,030
May 31
29,455
29,430
June 30
June 30 10,154.800 9.999,822
Apr. 30
Apr. 30
May
31
July
July
7
7
June 30
Apr. 30
June 30
May 31
May 31
June 24
June 21
July 7
July
July
July
7
7
7
June 30
May
May
May
May
31
31
31
1,090,106 1,239,103
2,894,879 2,486,142
3,318.936 3,378,389
2,277.854 2,325,228
150,577
157.578
35,962
41.595
76,686
85,002
2,717,159 2,939,146
3.021,600 3,073,200
535,290
588,18.
19,074,420 20,156,361
822,250
786,973
20,461,393 0,978.611
6,304.021 6,103,499
39,189,563 36.472,803
4,062,392 3.985,592
50,916,917 46,918,117
Inc. 2.5 15,700
31 5,803,994
Apr. 30 2,160.490
May 31 10.297,583
205,577
Apr. 30
July 7 5,772.009
May 31 1.414,728
5,366,294
2.103.836
9,597.211
210,264
5,593,378
1,308.828
WlontUly.
Current Year Previous Y'ar
18
1904
1904
1904
1904
1904
1904
1905
1905
1905
1905
1905
1905
7,"2O,042
12,392,132
0,277,020
22,310,187
42,328
31,900,074
32,225.017
01.125.091
1,364,309
492,947
8.477
41,575,874
2,414,451
1,219.019
32,874,767
143,710
11.720.213
1,290,015
30,057,010
803,131
150.537
10,010
264.730
23,090
Period
Dec.
Jan.
Ul C. C. & St. Louis
Jan.
Peoria & Eastern
Jan.
International &Gt North'n.. Jan.
Interooeanic of Mex co
Jan.
Lake Erie
Western
Jan.
Manistee & North Eastern.. Jan.
Manistique
Jan.
Maryland
Pennsylvania.. Mar.
{ Mexican Interuationai
Jan.
;Mexiean Railway
Jan.
eWestof
10,119,817
132,378
494,243
115,105
10,203,438
204,032
194,015
27,517
78,682,222
0,010,110
735.416
105,413
150,537
150,270
149
3,448,960 3,252.652
23,090
20,419
60.102
70,250
t>0, 10608,7^9
599.380
63.945
50,661,362
4,551,769 54,105,138
343.679
51,196
60,400
4i5,888
341.140
350.850
81.871
.
Wrightsv&
161,195
615,195
120,010
1,221,594 1,050,800 12,439,408
100,748 103,305 1,380,327
June.
8,354,252 7,518,833 87,059,381
May.
b30,27.i
830,279 603.181
IstwkJuly
827,330
11,802
18,878
.thwkJ'ne
165,413
9,000
26S.832
Un Pac System
lu ei ions
year
Inc. 8
Mar
IstwkJuly
June
V&N W
Latest JJate
i
vlay
.
TexS
lo
11519338 10100138 112360435 109389235
Pere Marquette.. 2d wk
Phila Bait &W'sh *tay
Phila
1
i
YC&
Month July
Month Aug.
Month Sept.
+432,446 0-21 Month Oct.
+503,481 7-02 Month Nov.
4 413,160 5-76 Month Dec.
+ 1.247.418 11-49 Month Jan.
+ 399,541 .55 Mouth Feb.
-t435,989 5-81 Month Mar.
+440.270 5-87 Month Apr.
+391,044 f-68 Mouth May
+ 291,620 1-21 Month June
9-25
4 691,751 9-59
+542,667 5-62
Y,-u
101,195
o
i
vui
I'rrrinii
"it:
9,466
13,477
Guir&ChlcDi'/.
Mobile* Ohio... IstwkJuly 129.016 115,165
Nash Ch A. St I... Tune
837.372 802.395
INat'lRRof Mex IstwkJuly 209,055 204.032
21.041
19,964
Nev-Cal-Oregon lune.
1.859
Nevada Central. May
3,184
.V
7,053,861 0,251,374
Hud Riv June
V V Out & West nay
009.031 570.497
X Y Susq & Wen lay
245,003 249,074
Norfolk & West'n v! ay
2,223,003 2,013,003
Northern Central
950,505 901,805
ay
-Vorth'n Pacific., lu: e
4,451,073 4,074,051
10.092
Ohio Riv& West.. \,pril
15.870
Pacific Coast Co vpril
479,504 442.909
& Pacific
& Seashore
AGGREGATES OF GROSS EARNINGS— Weekly and
Current Year Previous Y'ar Inc. or Dec. P. cMONTHLY SUMMARIES
WEEKLY SUMMARIES
i
Jul
ittilijs
Viiir
!ii
.
West Jersey
1
ii
M St P & S St M .twkJuly
Mob Jack & K C. WkJ'nel7
Texas
i
fur
.
Mi,
Lut
(Iri)y>
ItOADS
.
Texas- I'aciitc.
NO & No East.
,'.,/./
Data
I
<t
rds.) 132,242,621 139,712,599
rds.) 145,292,493 144,558,473
rds.) 151,475,024 147,338,536
rds.) 159,732,959!! 54,758,622
rds.) 154,304.117 140,909,476
rds.) 146,743,102 136,889.640
rds.) 127.073,053 119.220.07e
rds.) 113.714,506 117,252,135
rds.)
43,622,857 130.879,540
rds.) 136,595,868 127.237,317
rds.)
43,367,104 44.543.718
rds.)
54,139,005 50,961,464
;
Inc. or
Dec
\P.C
—7,469,978'5-35
+ 734,020 0-51
+4,136,488 2-81
+4,974,337 321
t-13,394,641 9-51
+9,853,462 7-20
+7,852.980 6-58
—3.537,629 3-01
-12,743,311
+ 9,353,551
+ 3.323.336
+ 3,177,541
9-73
7*35
8-58
6-23
b Includes the Hous, & Tex. Cent, and its subsld. lines in bota years.
e Covers lines directly operated,
1 Mexican currency,
g Includes
the Chicago & Eastern Illinois in both years,
k Atlanta Knoxville & Northern include! in both years since April 1; It had previously been
included in 1905 since Jan. 1.
.
-H
\
:
.
..
.
Latest Wross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the first
week of Jn'y. The table covers 35 roads and show
4 24 per cent increase in the aggregate over the same wool
last year.
1904
1905.
1st vieek of July.
inr»-tu«f
<fc
39,612
146,655
83.700
Plttsb'.
&
6
2.12:
.--.
International A Ot.Ho..
Interooeanlo of Mexloo.
—
Oross Earnings.
Curri ut
I'i' pious
F< nr.
Roads.
Wmsp'rtA No.Rr. May
Jnly 1 to May :.!....
116899
—
,
27,19'.
56,43(
695,92t
712,682
81.000
113,542
80.701
300
1C8.262
43,64
605,45'
*•_..__.
16.656
:
Naahvllle.
70l,80(
11,15"
Minneapolis A St. Louie.
Minn. St. P. A S. Ste. M.
Mo. Kansas * Texas
Mo. Pacific A Iron Mt...
62.57.
63,71V
161.19?
301,74!
602.(0i
2l.00(
13?,S7(285,47-.
28,81':
601,00*
U9,01fr
209.05.*
115,16'
204,03.
8.107
150,76
143.7K
National BB. of Mexloo
Rio Grande Southern..
Lou
Southwestern
Southern Railway ......
Texas A Paclflo
Toledo Peoria A Weet'n
Toledo St. L. A West
St.
)
Wabash
s
1
.......
9,0C(
p. o.
6,850,335
8.826
3,271
10,14r
9,89r
53,481
—
375.2K
83,588
• •--
-•
1904.
Increase.
9
9
Frevfonsly rep'd 34 rd's 10,384,48: 10,059,952
Alabama Gt. Southern.
87,344
87,04
Ala. N. O. <s Tex Pao. .66,27New Orl. A No. East.
94,66:
34.68';
36,63
37,23'
39,124
Vlcka.Sh. & Pao
208,37'.
200,331
Cln. N. O. A Texas Pao.
77,73(.
63,42>
Duluth So. 8hore A At.
44.001
40,884
Mob. Jackson A K.Citv.
1113 6
U8.357
11,862
18.87
592,649
Total 43 roads).. .....
Net Increase (3-68 p. a.).
661,300
391,044
•
11,003, 29( I0,612,24t
week ending July
1 Figures are for
Decrease.
9
268,116
296
••• .•••
w
... ....
7,01fc
270,256
July 1 t< M;iy 31 ..
8ellefonteCe<-t. b June
Jan.
l to
June
ao
Chlo.Ind.dzLonis.a May
July 1 t r May 3
16.441
110,438
5,634
29,480
496,507
5,115.611
33,359
256,099
55,325
647,850
,
«
j.
,
\,l
Earn' as
-.
Previous.
Tear,
*
13.677
5,356
67,579
6%360
'12-.977 *df 37,578
*966,778
•300,436
5,405
2,160
df.33,085
1,549
1.066 def.1,573
15,004 def.7,196
Jan. 1
to
Latest Daft
Current
Tear.
Frewioxt
rear.
%
Tear
15,204
152,494
4,653
29,455
4 54,773
4,855 973
21,121
222,827
56,691
Previous
Tear.
$
@
4,882
48,472
2,202
9,326
9
*
Citizens' Ry.
447,63
329,07'
45,124
44,211 31,471
66,19'.
61,83(
43,26!
viay
June
9,52'.
Cleve.ASo.W.Tr.Co.
Uleve. Palnsv. A E.
Detroit Dnlted Ry,.«
Duluth Street Ry...
East. Ohio Traction.
Bast St. Louis A Sub
48,55^-
May
20.68)
istwkJuH 114,844
lstwk Juiy
May
16,24,
20,697
June
108.'/ 41
May
A Son.
Wayne A Wabasl
Ft.
37.229
35.320
2,160,53* 1,531,272
210.8C6
197,549
127,413
158.754
406,812 384,651
Llgli
(Mnsoatlne, Iowa).
Elgin Aurora
118,603
123,603
7,9f>C
50,63'
Elec
A
24,€6
26,52
32,78'
8,25<
May
8MS7
75.0B7
19,78<
126.9?^ dl, 471,991 dl.406,968
41,771180,. 99
137, .02
56.
26 221
June
Chic A Oak Park., c
Cln. Dayton ATol.Ti
Valley TraotJon.-t.
39,66t
May
Wk. July
Eleo. Ry. Co
47,597
39,567
237,375
204,753
19,051
72,396
75,475
103,937 2,417,446 2,148,332
r
15,70
320,
308,078
19.751-.
70,4:6
77,852
116,09'
638,567
594,206
33,10
173894
173,884
7.72:
44,13
74,061
64,491
9 140,52* (33,54^
t
340.657
999,729
t
293,858
859,440
April
April
fraction Co
!ndlanap. A East. Ry
tndlanap.<£i Martin*
May
May
4,416
50,lb8
1,237
7,236
180,562
1,742,797
9.531
100,661
25 320
72,6U
84.6)4
19,031
ville Rapid Tran.
(ndlanapolls&Nortb
western Traotlon.
April
9,98'
April
April
(Buffalo)..
May
Had. (Wis.) Tractior.
•ilet. West 81deEle^
June
Ry.ALt.Ct May
May
Hy
Wunoie Hartford
Wayne
Mean
23,184
t
6,67f
..
*••• -•••
330,279 312.70 1,276,51 1,209,047
27.76<.
23.519
89,991
104, P2<
418.551 348.15: 1,839.52': 1,610,925
65.62C 59,r9i
324,28«
271,002
50,871
13,09"
3 J, 8 1<
18,86'
15,73i
45,90>
11.88'
26,14
15,18:
14.45
'IJii.
204,09:
7,01'
7^,8C(
178,229
67,881
127,62
68.24:
22.75C
186,86*- 166.3S
1,111,35."
^66,591 60,8
47,39^ 36.48
236,39s 220,15'
1,263,40'
201,651^
1,037,67:
59.256
20 878
1,056,833
1,267,258
154.482
943,877
A
April
3Tor.OhloTr.ALt.ee June
Northern Texas Trac
Sorthwestern Elev. June
Com
Daltland Traot.
32,75!
17.5'
...
1
March....
•411.Lt.HeatATr.Co
Ft.
382,000
75,675
.--. ....
23.21.'
May
i.exlngton Ry
May
Lima El. Ry. A It. Co May
LoadonSt. Ry.(Can. May
Eleo.
439,07.
83, 1M
Co
L»ke Shore Eleo. Ry
(ehlgh Val. Trao.Co
Street Ry. Dep
Electric Light Dep
dil.
132,273
30,332
f^
a2,05t
40,37
Illinois
135,337
56,535
30,17
16,91
3204!-
28,502
Houghton Co. St. Rv
Houston Eleo. St. Ry
dontrsal Street
.Ye'
Current
Tear
170,3'
1,813,486
Cornw'lIA Lebsu .bMay
17.803
July 1
May 3i. ...
112,053
Fon.Joh- St. A Ol
May
24.195
July 1 to May ii
285 038
303,621
614,433
97ri
Gr. Trunk oM an. May 2,463422 2,429, =43
900,303
July 1 to May 3: ....25,933,157 25,110,007 7,6 0,123 6,845 626
107 063
Gr. Trunk w e9t May
^48,205
357,687
36,498
699,878
July 1 t May 81.... 4,686,339 4,913,139
611,074
12.1*6
Det.Gr. H. * Ml May
973
83.217
67,816
2SS0,356
July 1 t< May 31.... 1,319,378 1.134,^84
341,876
LoBdUl&DOh ... May
136,850
leo.cfo
Inc.
Tno,
July 1 t< May 31....
Ino. 5t0,563
Inc. 636, i 01
def 682
Haolstlqae.B
14,112
June
8, us
5,871
3.392
Jan. I t( June 30. M
6,518
41,595
35,962
81,680
Mllwauk.Gao L. Ci June
68.^41
804,278
Jan. 1 'o .June 3o
388.2-0
74,4*2
Blch. Fred.-t Po- May
90.713
200,710
187,552
455,36*
July 1 n May J. .. 1,426,419 1,364,309
478,837
Seaboard Air I. tr f May 1,221,5P4 1.056,860
3T4. = 81
July 1 t< May bi... 12,439.408 11,720,213 3,696,663 2,879.915
39,>-02
Southern Indiana. I. May
10"?, 683
38,431
99.843
512,746
July 1 tr May bi.... 1,273,579 1,186,740
537,168
25. '63
ToLPeorla* w>« t l June
27,981
107,922
110.043
278. 73*
July 1 rr JiLneJo.... 1,281,192 1,308,716
253,073
West. Marylard a .Apr.
341,140
313.411 gl 17,635 el2'-'
July 1 to Apr. 3u.... 3,195, 387 2, 999, 31f si, 172,032 gl,08O,58J
1
I
.
ear
i
PrSM'i s
52,07
April
Burllngt'n (Vt.)
Jal. Gas A Electric
Cent. Penn. Traot. .
A Mil.
139
May
Trae
System
—
$
21.12:
June
Ohio. K-
faoksonvllle Elec. Co
Kansas City Ry.AU
Current
Roads.
A
mternat'l Traot.
Net Earn Jags Monthly to Latest Dates.— The table fcl
lowing shows thegrosiandnet earnings of ST" AH railroads
reported this week, A fall detailed statement noliding.i"
roads from whioh monthly returns can be obtained, is givor
once a month in these columns, and the latest statement c
this kind will be found in the Cebonicle of June 17,
1905,
The next will appear in the Issue of Jn'y 22, IPCS.
Baltimore A Annapolis
Short Line.a... May
i,
'tin
Honolulu Rapid Tt
1,844
1.
Gross Earnings
Previous
Tear.
Tear.
Off'K
Year
April
Blnghamton Ry
Boston A Woroester
Havana
28,?88
1,944
8,639
14,30
3,117
5,245
Aor. Elgin
Chicago
over the same week last year,
$
<
or.
.'
For the fourth week of June our final statement covers
and shows 36S per cent iccresse in the aggregate
1905.
WeekorM
Albany A Hudson
Amerloan R'ya. Co.B
291,62c
.
week of June.
-Hut.
.
370
7,05<
33,09-
43 roads,
4.th
.
Latest Orost earnings
Gross
Earnings.
6,02:-
7,141,961
A Lake Erie.
Total (35 roads)
Net Increase 4-24
Yi
—
us
STREET RAILWAYS AND TRACTION COMPANIES.
........
13.851
415,8*8
81,871
70,2'
rlc.
'ri riii
16,37T
803,18
156,587
23,690
60,102
459,369
71,976
165.41S
20,41b
1.260
23,382
After allowing for other Income received.
8.47";
836, 27^
.............. ...
Wheellr g
9.8U
I
8
$
Cornwall & Le^an May
4,126
4,175
44,474
July 1 to May 31.
46,291
246.130
Seaboard Air Line. May
238.194
July 1 to May 31.... 2,746,2i7 2,603,957
22.676
rol. Peo. A W«st.
June
23,003
286,158
277,186
Jnly 1 to June 30
2.760
Wmsport A No. Br. May
2,833
31,054
July 1 to May 31....
30,578
1,00(
2,C0<
Louisville
Ren lufy,
Year
5,28f
6,068
96,34
1,34
8,85
49,71:-
7,.6f
a
3,816
46,053
Roads.
10.01'
32.70
127,795
281.800
49,21
314.50c
7/i/..
Curriiit
•>*•
Tear,
Interest Charges and Harping.
15.0M
83'
2.977
.
pious
;
1
106,18V
i
Tear.
3,C:i3
l,
n mis.
a Net earnings here given are alter deducting taxes.
b Net earnings here given are before deducting taxes.
•* For April other Income and net pr< Uts from ooil, etc., were 861
B76 this yrar. against «<!l,8.u U«r ye*r and from July 1 to April 30
$560,579 this year, against *6e4,689 last year.
9.0(0
.
r
154,r-07
it i-
i
8
14.972
14,908
/
'
.-./;.
1
8
28,70i
171,600
107.02:
30,16
137,81
Southern...
,
1
207
23,40t
60.31"
1.012.0CC
131.9*9
Denver A Bio Grande
Duluth ^o. shore * Atl.
Grand Trunk of Can... )
Grand Trunk West .. >
DetGd Hav. <b Mllw. >
A
810
146,592
9. It'.
Ohio. Ind'plls A Loulsv
Ohio. Tern). Transfer...
Colorado
1
40,42.
1,003.00<
200.201
Chattanooga Southern..
Chicago ureal Western
Decrease
8
1
Buffalo Booh.
1
'
.
TI1K CIIRONICLK.
1905. j
1.-),
.
.
Railway.. April
Grange Co. Traction May
Peeks. L't'g&iRR. Co. April
St.
Pittsburgh McKeesport A Greenub'g..
Poctsv. Union Traot
13.60
80,50^
47.21.
67,84t5
t02,33
i 13,75:
124,42' 113,89
7.87'
10.934
11,44.'
10,91«
8,38'
6,91
13.94'
51.46*-
83,62'
423,942
302,581
703,44
567.42:
S5
8^
39.0K
33,99>
49,108
3a7,085
2^8,H33
647,437
497,782
28.866
37,183
31,103
27,86
1,76
129,90
146,0 P:
122,79'
670,29<
68,645
70,103
105.059
9,677
578,683
11,691
11,331
46,98.
43,818
Lt. Heat A Pow. Co June
San Fran. Oakland A
65 69-
61 12
343,17
314,766
April
47,411
34,36V
170,661
122,555
WhJunelS-
13,20i
1,281,401
40,94
76.59
1,020.860
l.» 8,6*3
June
11.17
46.33
*2,\*
April
20 6 42<
Kys Co. Gen.— Koadn
June
17,70
May
19,90!
33,48
Light Cn'ii
Hoohester Railway
Hookford Belolt x
,
May
May
1,88'.
Janesvllle.... ......
77,90
15.87f
17.79r
79.72!
10,231
n. Joseph (Mo.) Ry.
Sao
Paulo
l ram. L't
(Bras;
A Po. C
lavannah Eleot. C(
ioranton ll&llwav.
aattlo EleotrlcCo.
-oath Side Eievaio.
Syraoase Rap. J
i
&mna
Elootrlo Co.
I'erreHte.Tr.A
:
'
April
140,91
M iv
tto Railway ..
'ylty Rai.
Un'dRys.of St. Loulf
l
I
373.2';
30,48'
8.' 6
179,681
11 1.984
42,1
894
825.8*,6
78, 32">
161,80
20, .0
Wh. July
4tl.wkJ'n>
May
May
Yonnffstown-Hharo. M*y
JniLed of Han Fran
tf »«h. Alex. A Mt. \
71,1 7
46.76
25 57
May
I
794.224
342.207
33,71'
\Uv
Toledo Rys. A Ll/h
oledo A We«tern..
811
404.696
733.. 67
77,.->fe^
April
April
Bowi.Gr.ABo.T
1
IM7.87*
122,10
171,71
441,
779.311
5H,2i
i
i
1
23,09
148.6:.'
18, H5-.
4«, '254
10,'"
«i7 l'J.10'
i99,io:
23.5 \>
44,401
Hpanish sliver.
Theae are results for properties owned.
83,73'
',627
'..ol8
."•
.01.1
112,300
J27.7 32 1,08
22.70.
38.69
165,561
101
21
i.
10
101.329
1
1
-li..'.'2',
THE CHRONICLE.
208
a Decrease rtne to a strike and boycott.
b These are the combined earnings of all the constituent companies.
c These are results for main line.
d Figures here are from July 1.
e Decrease due to the faot that the Louisiana Purohase Exposition
was open last year.
n These earnings Inolnde the Detroit United Ry., Detroit * Port
Huron Shore .Line and the Sandwich Windsor & Amhorstbnrg By.
Street Railway Net Earning*.— Tin following table gives
the returns of Stbebt railway gross and net earnings received
this week. The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be prooured, was given June
24, the nezt will be given Jnly 29.
—
— Gross Earnings. —
Current
ear
Year
i.
July 1 to June 30
Cleveland & Southwest'n
Tr action Co b
June
Jan. 1 to June HO
East. Ohio Tract. a. May
.
East
St.
Louis&Sub. June
Jan. 1 to June 30
Indianap. & Northwest
Traction Co
May
Kingston Consolld'd b—
44,132
204,753
19,753
70,496
116,098
594,206
21,629
88,483
7,157
15.184
65,917
359.139
19,528
60,278
5,836
4,804
64,416
302,111
the system.
To provide facilities for handling this trafflo extensive improvements have been considered, and they expect to spend as follows
For coke ovens and Improvements at Daweon mines
$1,000,000
Improvements on railways
1,000,000
Sncps at El Paso for entire system of El Paso & Northeastern and El Paso & Southwestern Ry
500.COO
New equipment sufficient to handle the large volume of trafflo.
The income account for 19C4 and 1903 and for the 18 months
ending Dec. 31 1903, and balance sheet for two years, are
given below:
income account.
18 montlit
Tear 1904.
Net earnings subordir ate cos
$128,708
interest
102,552
_
Other earnings
44,684
Gross Income
Bond interest
30....
31,759
123,037
47,213
258,933
10.916
37,183
102,010
76,598
402,596
13,542
50,350
21.184
110,960
4,711
4,296
24.067
37,659
160,621
13,149
50,248
27,807
132,866
4,656
7,365
30,751
39,509
185,985
a Net earnings here given are After deducting taxes.
bNet earnings here given are before deducting taxes.
Taxes
,
Int.,
Rentals,
etc.
Attttt—
Stocks & bonds of
sub. cos
Equipment
Cloudcroft prop...
Sundry
securities.
DawRy.&CoalCo.
El P.
&
K.I.Ry.Co.
Due from sub. cos.
Sundry accts., net.
Cash
Total
.
Current
*
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
Kingston ConsolidatedApr. 1 to June 30
July 1 to June 30....
North. Texas Traot. June
Jan. 1 to June 30
Boranton Ry. Co
June
Jan. 1 to June 30....
Previous
$
$
$
9,857
47,998
11,576
65,347
18.663
111,936
10,115
47,991
10.028
60,546
18,261
110,122
3,577
*3,442
'2,600
16,231
*2,959
11,156
50,414
19,398
50,499
67,519
20,846
74,049
After allowing for other income reoelved.
ANNUAL REPOR TS.
Annual Reports.— All annual reports
and misctllaneous companies which have been
published during the first half of 1905 may be found by reference to the general index in the Chronicle of July 1, the annual reports being indicated in this index by heavy- faced type.
street railways
Louisville & Nashville Railroad.
(In liminary Statement for the Year Ending June SO 1905, J
The operations for the year 1904-5, compared with previous
years, are shown below, June 1905 being estimated:
1904-5.
190304.
1902-3.
1901-2.
DisbuT8€tyic?it8-~
SB
ft
S
S!
Net earnings
12,255,808
11,802.245
11,478,565
(BS-OS)
30,712,252
20,902,438
(67 62)
9,809,819
of exp. to earns. (88-02)
Ine.from Invests., &o. 1,691,542
1,635,154
1,122,493
1,001,022
Total net inoome. 13,947,350
13.437,399
12,601,058
10.810,841
5,347,297
265,931
921,700
146,600
4,918,145
265,931
844,474
144,400
4.70R.345
278,672
832,074
141,100
P.
0.
Disbursements—
Interest
5,358,042
118,061
Rents
Taxes
Sinking fund
Accrued
Interest....
Ui'fnuded discount
8.
&N.
A.
Dividends
RR
990.000
151,000
26,240
(68 06)
127,155
53,464
123,343
67.700
89.905
71,877
(6)3,6O0,CO0(5)3,00O,OC0 (3)3.000,000 (5)2,875,000
Tot. disbursem'ts.10,366,686
Burp, over dividends. 3,580,664
-V. 80, p. 2344. 1913.
9,749,228
3,688,171
New Mexico Railway &
9,390,010
3,211,048
3.535
5,300
$270,305
$158,251
$254,450
$162,210
1901.
t
1003.
8,P67,202
1,884,373
111,595
83,000
1,612,177
819.342
180,073
233,453
8.614,628
1.615,103
K'4,658
113,000
1,342,380
642,468
*38,88t
119.951
88,528
81.1/27
13,603,143
$
8,960,532
1,850,307
Coal Company.
( Report for Fiscal Year Ending Dec. SI 1904.
President C. D. Simpson under date of May 1 says
Water piopplt .— The difficulties of operation entailed by poor water
have been In great measure overcome by the drilling of deep wells and
the installation of water treating plants which provide an ample supply of fairly good water.
Labor Difficulties Overcome.— The oontinued and very unjust
demands from certain lab >r organizations employed in our shops and
mechanical department, which have cau <ed us untold annoyance and
expense, culminating in a strike and oomplste tie-up in February,
have been fought out and oomp etely eradioared by us at a very iarge
Initial expenae, but with enormous saving for all time to oome, and
resulting in the establishment of an "open shop."
Floods.— During the past year trafflo has been badly interrupted by
floods, which affected to some extent our own lines, but principally
our connecting lines, on which satisfactory service was seriously in:
31.
1904.
Liabilities *
Stock, preferred.. 1 ,000,000
3,001,00
Stock, com mon
First mtge. bonds. 4,794.000
Gen. mtge. bonds. l,8e5,500
A. & S. M. Ry. Co.
bonds
Accrued interest.
Notes payable. ..
.
Equipment trusts.
Income account...
12,799,703
Total
1903.
I
l.OOO.fOO
s.r.oo.ooo
4,792.000
1,777,500
322,^00
73,883
965,0c
983.493
681,267
372,000
64,700
277.510
833,940
678,062
13,603,143 12,799,703
p. 1971.
Central Leather Company.
(Statement of Controlled
Company
for year ending Dec. 31, J
The United States Leather Co., which is now controlled by
the Central Leather Co. through ownership of $56,160,000 of
the $62,283,300 preferred stock and $60,000,000 of the $63,882,300 common stock, reports as follows :
INCOME ACCOUNT FOB CALENDAR TEARS 1904 AND 1903,
on manufacturing, including tanning
and extract
Commissions and cartage on purchases ana
sales for others, Including sub. companies'
1904.
1903.
$930,702
$303,178
458,935
526,108
1,807,816
Receipts —
Profits on sales
1,748,786
385,343
693,892
1,133,945
1,508.818
208,098
4,023
"5(\05*
$4,928,862
$4,830,834
$316,800
180,245
416,553
174,021
$316,800
180,994
394,095
146,870
3,733,938
3,733,938
$4,821,557
$107,306
$4,772,697
$58,137
Profits
products
of steam railroads,
Gross earnings
38,541,672 36,943,793 35,449,378
Operating expenses. 26.285,864 25,141,548 23,970,813
$416,660
$249,150
GENERAL BALANCE SHEET DEC.
-V. 80,
— ,—Bal. o/WelEarn'gs.—.
$428,556
$266,770
.def.$96,795
Interest Charges and Surplus.
Roads.
to
Tear 1903. Dec. 31, 1802.
$306,525
$416,660
72,616
49.415
$275,944
$369,239
3,500
Net inoome.
10,041
31,484
123,633
57,849
302,580
11,445
39,016
107,627
82,131
445,651
June
May
13,291
46,907
110,903
29,218
Apr. 1 to June 30....
July lto June 30
North. Tex. Traot. fo June
Jan. 1 to June 30....
Orange Co. Traot. ..May
Jan. 1 to May 31....
July 1 to May 31
Jan. lto
14,265
56,516
124,271
terfered wlih for several months, involving alverMon of freight and
delays in delivery, from which the business of our lines was Injured.
Change in Control.— The ownership of New Mexico Rulway S»
Coal Co. now vests In Phelps, Dodge A Co., who have acquired
all of its capital stock.
They will Immediately erect at Dawson coke
ovens of capacity sufficient to meet their large requirements, adding
to the present business of the ral' roads a tonnage of 50,000 tons or
more monthly of oat and ooke. This tonnage, with the large increase both eastboond and westbound to aoorue from the connection
with the El Paso <fe Southwestern Railway -also owned by Messrs.
Phelps, Dodge & Co (V. 79, p. 151)- and their greatmlnlng Interests in
Arizona and Mexioo, ensure a very large and profitable business to
$372,739
31....
Boranton Ry. Co
24,665
113,603
241,790
48,558
337,375
20,697
77,852
108,240
638,567
Jan. 1 to June 30
May
$
$
26,226
123,503
261,131
Blnghamton Ry.b. June
Jan. 1 to
$
%
Roads
Wei Earnings. ->»
Previout
Current
Tear,
Tear
Previous
[Vol. lxxxi.
Interest on advances to other co's and other
loans and investments
Dividends and other receipts and income
from sub. companies
Earnings and inoome, insurance account
Miscellaneous earnings and inoome
Total income
Interest en debentures
Interest on bills and aooounts payable
Administrative expenses
Taxes, insurance, legal and other expenses..
Dividends paid
Total disbursements
Surplus for year
See balance sheets in V. 80, p. 870.— V. 81, p. 157.
International Steam Fnmp Company.
(Report for Fiscal Year Ending March SI 1905 J
President John W. Dam?, under date of June 23, says in
substancf
Operations.— The constantly increasing demand has taxed the
various manufacturing plants to their utmost capaoity, so that they
were unable to reduce the orders on hand. On March 31 1905 the
unfilled orders amounted to $4,510,000. Considerable time and money
have been spent In the development of the oentrifugai and turbine
pnmrs, gas engines and water meters. The engineering and manufacturing departments have made many Improvements on the standard pumps, and have applied for letters patent covering many new
designs and devioes.
Improvements.—The year just closed has marked the transfer of
the Henry R. Worthington plant from Brooklyn and Ellzabethport to
Harrison, N. J. This occupied several months and occasioned a considerable Interruption In the business, so that there was a large falling
off In the production and shipments. The loss In production, together
with the moving and other expenses incidental to the starting of the
new plant, has resulted in a deorease In the profits. The new works
are now praotioally completed and In full operation, standing unsurpassed In the manufacture of pumping and hydraulic machinery.
The removal of the operations of the Holly Manufacturing Co. from
Lockport to the enlarged Snow plant at Buffalo was also finally completed early in the fiscal year, and the Lockport plant Is now unoccuThe machine tools, etc.,
pied and to a large extent dismantled.
be onglng to the Holly oompany are, however, Independently maintained and segregated within the Snow plant at Buffalo.
Since organization in 1899 there has been paid a total of $6,082,976 68 for new buildings and improvements. The benefits of these
improvements are expeoted to be hereafter reflected in the eoonomy
and Increase of production.
Treasurer Max Nathan says in part:
Balance Sheet, Etc.—The consolidated balance sheet and the
loroflt
and
loss
sooount cover the various associated companies, viz.:
Pump Co.; Henry R. Worthington; The Blake <S>
International Steam
J
.Iri.Y
i:»,
THE CHRONICLE.
1905.]
Krowlee Steam Pnmr Work?; Holly Manufacturing Co. Tho changes
assets aeconnt arl->e mainly from expenditures
in the capital
m
The inventories have been valued
as nearly as poislbie at
co-t
was SI. 403.903, and the net addl
I9u4-05was 1888,636; total undivided profits March
31 1905 $1,692,538. The dillereuee between thla amount and the
The balance
of previous surplus
tlon thereto lu
sum
at oredlt of surplus account In the sub| lined acoonuts. $ 2,25v,03l
-ts of the accumulation of undivided profits of Henry R. Worthliu-ton and the Holly Manufacturing Co., which had aoorued prior to
their association with the International Steam Pomp Co.. and whloh
are treated as part of the capital acoount, and are therefore not considered to be available as undivided profits of this company.
Bali of IHdentdris.— Sinoe the olose of the year $l,tk'U,O0O of the
debentures have been sold at par and aoorued interest, and the proceeds devoted to the reduotljn of the floating debt.
,
Results for four years have been as follows:
1902-3.
1904-5.
1903 4.
$
1,617,436
124,147
1,927,430
109,308
2,086,101
27,264
1,740.202
54,951
1,741,582
1,536,738
2,113,365
1,795,163
82.277
36,065
294,055
14,942
•!<o,817
32?, 371
258,'S17
23". 849
1,332,934
Profits from manuf'g
trading, all oo's
Misc., dlv., int., eto
1,606,617
1,839,906
1,510,487
and
Total
Deduct —
Inttresr, disc, eto
Dcrreo'n plant, tools, eto.
Uet
1901-2.
$
profits
Deduct —
Int. on Hollv bonds
Int. St'm P deb...
Disc, on bonds, eto
$
3=>,000
35,000
141,273
22,889
12.39J
9,498
Div'ds Int.8t.P.Co.,pref.(6)531,000 (6)531,000 (6)531,000(6)531,000
...(2i«)306,562 (4)490,500 (4)490,503 (4)190,500
lut St. P. Co.. com
(7)l40,'i00 (7)14O,0O0> (7)140,000 (7)140,000
II R Worth'n, pref
H. R Worth'n. oom
(6)161
(6)138
(*) 184
(1^)85
Blake Company's charges
* 104,725
*10 T»,050
i.na dividends
U76.159 U54.639
Total
Balance, surplus
t
35,000
149,741
12,899
1,333,750
506,156
1,604,972
101,645
1,350,896
17,962
def.
Includes sink, fund for debent'a.
'
1,266,734
243,753
Less sink, fund for debent's.
CONSOLIDATED BALANCE SHEET MARCH 31.
1904
1906.
Assets—
Real est..bldgs, maoh'y, plants,
1903.
$
&
&
Discounts on bonds issued
24,933,471
187,403
174,903
25,912.084
199,802
4,092,757
3,385,464
147,831
30,613
184,631
2,917,599
201,717
1X.472
595,469
supplies, etc., on hand
4,633,486
Trade aoots. and bills receivable,
etc, less reserved forbad debts. 3,408,918
Miscellaneous debtors
Associated oo.bals. in traneit, eto.
Total assets
34,846,937 33,012,170 34,048,277
Liabilities—
Cap. stock and bonds author., less
in tieae., etc:
In hands of publlo—
Common stocks
xl2,287,300 12,287,300 12,287,300
Preferred stocks
yll.335.C0J 11,335,000 10,8^0,000
Bonds and debentures
3,960,965
2,592,637
4,033,050
8.
2,0C0,0^0
1,500,000
P. Co... 1,116,399
1,116,399
64,384
147,105
Loans
Trade accounts
2,305,000
2,252,031
145,541
2,284,993
604,705
149,962
132,888
76,076
3,852,680
34,846,937
33,012,170
34,046,277
Miscellaneous
Shareholders fordlvldends
Total liabilities
255,?>36
x
Includes with f 12,262,500 stock of International Company. $ 2,300
R. Wortblngton and $22,500 ot Holly Mfg. Co. ylnoludes
with $8,850,000 of International Company, $2,000,000 of Henry R.
of
Henry
Worthlngton and $485,000
— V.
of
m
ReceiptsOash beginning of year
Rental of grazing lands
Sales of land and lots
& Knowlee'
Blake
& Delaware
1901.
169,303 175,112 177,777 222,289
Expenditures—
General expenses (Texas
Commissions
Taxes
tolls
on deposits and teleg. line
Cseof company's dredger, eto
Rents of property on line of canal
Income from contingent and special fund
11,976
5,778
24,939
9,991
11,774
6,060
26,237
11,174
11,681
5,664
25,143
12,644
11,878
7,905
24,446
7,849
169,303 175,112 177,777 222,289
ASSETS AND LIABILITIES DEC. 31 1904.
Assets.— 2, 892,950 aores of laud situate in 37 counties (V.
78. p. 2382)
Town lots in Mineral, Wells, Tye, Iatan, Big Springs and
Van Horn.
141,440 aores of canceled sales in 15 counties (deeds in
Total
1.
Bids receivable (faoe value) taken for deferred payments $144,190
19,894
Cach on hand
in2. nihilities.— Proprietary
certificates outstanding,
cluding $168,575 held in eeorow by the Farmers' Loan
$7,6'6,196
& Trust Co...
[The $1P8,5"6 belog so held In escrow to take up the remaining Eastern Division land securities issued by Texaa & I'aciflo Ry. Co.. vlr.: Income and land
grant mortgage bonds aud interest scrip, $116,917; fractional Income and land
giant bond scrip, $4,6j6; Interest sorlp old land grant bonds, $490.[
-V. 80, p. 1062.
Marconi Wireless Telegraph Company of America.
(Balance 8heet January SI.
1905.
SI 1905.
1903-04
1904-05
$142,861
$149,665
689
422
1,795
1,335
647
1,344
2,987
3,2 48
$155,057
$53,850
$149,627
$51,025
104,118
$
Patent rights, good
will and contract*. 6,468,494 5,318,494
Cost of stations an1
experiment'! work,
Cash
Furniture Si. fixtures
Treasury slock
204,423
16.9U6
14.841
£4,681
1,178
290,000
175,t06
14,770
16S.813
less for depreciat'n
Apparatus on band.
Accts. receivable...
1935.
1904.
$
Auett—
May
Add— Interest
office)
Miscellaneous
Cost of prop. otfs. of T. P. L. Tr.puroh.
In open market at av. of $32 61 + in
1901, $39 47 + in 1902, $31 75 + in
1903 and $32 40 in 1904
97,225 111,127 118,419 163,074
7,137
Cash on hand
8,740
4,226
19,334
Steam Pump Works.
Canal Co.
(Report for Fiscal Year Ending
Revenue from
1902.
$
$
$
8,740
7,137 10,791
4,226
77,348
89,022 84,192 82,478
35,451 41,758 52,114 103,216
85,380 41,493 34,065 27,519
710
443
1,983
3,414
Bills receivable
Miscellaneous
81, p. 162, 84.
Chesapeake
1903.
$
escrow).
649,375
635,131
205,461
906,069
213,760
195,116
128.190
Re*, for completion of contracts..
Surplus account, balanoe
says:
General Manager W. H, Aoraim saya in part:
There were sold during the year 19.922 acres of Und for $62,090, or
an average of $3 11 -f per aoro, of which amount, 51 p. o. was paid In
oash and 49 p. o. in notes bearing 6 p. o. Interest aud seoured by a first
lien retained on the properties so'.d; also 47i« town lots were sold for
$\18ft. The average per aore, etc, obtained for lands aoiil h M been
approximately In 1H"9, $2 02; 1900, $2 37; 1901, $2 50; 1902, $2 58;
19)3. $2 84; 1^04, $3 11.
At the olose of 1904 the number of aores of land under lease were
2.602.675, the agreed aunial rental on which was $93,725; of this
amount, however, only $8.1.022 was oolleoted during the ye »r. In
1904 85-: 9 p. o. of all your remaining lands were under lease, as
against 84-23 p. o in 190?, 8453 p. 0. in 190 J, 8a-80 p. o. in 1901, 74
1900 aud 73 p c in 1899. The average rAte of rental per aore
p. o.
obtained in 1899 was 2-86 cents; in 1S00, 2-.-I5 oents; in 1901,2-99
cents in 1902, 314 + cents; in 1903, 3-27 + ceat<, while in 1904 the
average of all outstanding leases was 360 oents per aore.
Of the 2,602,675 acres of land under lea*e Deo. 1 19041,034.194 are
situate east of the 103d meridian of west loDgltu(l>>, that la to say,
east of the ea»t lino of New Mexico, extended southwardly. Praotloally every aore of your land east of the said line is under lease. The
Htlpulated rental covering the 1,034,194 aores ea<t ot said 103d meridian Is $48.5 18 per annum, or an average of 4-69 cents per aore,
while on the remaining 1.'08.481 aeres, situate west of said meridian,
tbe annual rental is $45, "207, or an average of 2-88 oents per aore.
The$39i>,7il oontract obligations, representing lands sold bv the
Texas <fe Paoltto Ry. Co. previous to this t.rmt, with Interest amounting to $63,687, have all been settled, Eastern Division land securities to the amonnt of $^39,983 and $12,661 in cash having bsen received, and $141,440 aores of lanl, representing $110,767 of said obligations having been re-oonveyed, this land being covered by deeds
stilt held in esorow by the Farmers' Loan <& Trust Co.
During the last Ave years, at an expen-e of, say, 5-83 4- p. o. of your
lands, you purchased and retired 24-9 p. c of your certificates and
oanoeled $508. 60? of proprietary certificates surrenderel by the
Farmers' Loan & Trust Co., in all a reduotlon of 26'17 p. c from the
10 ,700 shares ($10,370,000) originally registered at the New York
Stock Exobange. In addition yon have also paid off a large fl >atlng
liability. Your lands are largely in the western portion of Texas,
where the oattle interest continues, and nearly all your oustomers,
both for purohase and lease, are engaged in raising oattle or la stock
farming rather than in ordinary farm orop growing. Conditions were
unusually unsatisfactory to this interest daring the entire > ear, chiefly
owing to the very low prioe of, and limited demand for, stock oattle.
However, the land under lease and the average rental, as well as the
prioee received for land sold show lnorease from vear to year.
RECEIPTS AND EXPENDITURES.
-
Mortgage
SnrplUB oapital B. & K.
Blnklng fund reserve
8on<lry creditors-
Chairman CancU
to purohase 3,000 shares ($<00.noo par
value) of the proprietary oortlrljates from the aurpiua (uwdn received
by the trust in exoens of the amount necessa-y to pay taxes and tho
expenses of the trust, the said 3,000 uliare* having been purchased in
the open market at an average price of $i2 40 per share, and canceled
Total
133.094
16,620
121,698
bank and on hand
O ;vned by Blake Co., London
Common stock
died,
The trustees were able
4,206,134
Inventories of manuf'd material,
in
Edwin Eiustein having
1904.
equip., patterns, patents, goodwill & Invest, in stocks
bonds
of ass'd and other cos., etc., of
properties held dlreotly
26,358,218
Cash
209
Texas Pacific L<4ud Trust.
(Trusteed Import for Fiscal V- ar Knlii.g Dec SI 190',.)
Tbe trmteea are Charles J C-mii and Slrmon J. Drake,
made
tor the new plait at Harrison, and lor lujprove.ueut* aua additions at
other plants, showlug a tot*l expenditure during the year for tb>ea
purposes of Sl^eHJ^B. The unused plants, with the exception of
that at Ellsabethport, a-e now available for eale. There are no
dt-r capital liabilities.
eh iDges of Importance
The current assets aud liabilities. Including materials, supplies, bills
receivable (le-s reserve forbad debts), oash. etc. aggregate $8'.^; lessourrent liabilities, $3,748,136; net balance, $l,5ti\6t-0. This
amcunt Is $1,384,573 less than last year, which, however, 1» fully
accounted for by the expendltnree for additions to plants already re-
ferred to.
J»
J
,
1904.
I
IAabilitlit—
$
Capital stock Issued 0.190.C00 6,190,000
Notes
payable (4
notes li.ioo each.
payable Nov. 1st.
1907
and
85,181
8l,<i88
lin.5. 11.06,
19^8)
Accounts payable...
19,200
9.066
__
17.238
81 tOO
2i,U5
1,216
583,760
Organ, expenses, sal-
Total revenue
Maintenance of canal and other expenses
Interest on mortgage loan at 4 per cent
104, li-
Deflolency
1806.
t
Auetilost of canal
UabUUUt—
$
8,989,360 3,G8d,305
Capital
2»,77^
Cash
Profit
and
loss
Total
-V.80. p. 873.
stock
%
and
scrip
2.',
77^
Investm
ts fir contingent fund
Accounts receivable
31.
1905.
1904.
Iteal estate line of
canal
$5,516
$2,912
BALANCE SHEET MAT
.Mortgage loan
ontlagent fund
<
56,781
4.5-"
19,«H9
4-8.081
53.S81
-
1
8,002,960
.
BOJWI
.
Interest uncalled for
BUI- payable
80S
68jJ
6,'JOO
i7.er,u
146,178
4,568,051 IfiOlJBn
Tota!
4,008,061
''
4.
aries, etc., etc., less
receipts
Total
M.218.205 6,-481.233
Compare V.80.
v.
Total
t),ZlH.x«5 e.VJil.238
1115.
Michigan State Telephone Company.
(Report for Fiscal Year Ending Apr. SO 190'
N. W. HarriB, Chairman Board of Dlre.:tore, paje:
Vour company toon posfe«slon as of Feb 1 1904. and It De o OMarlly
required some considerable tlm^ for lt» olll -er« to become familiar
Its various
u >n of
with Its Urge property and to perfect th^employees, numbering upward of 2.000 and soatiered ov« r the entire
"late. However, It IS with pleasure that wrt suDmlt the following
favorable re/-ult>: The number of telephone luHtram«nU In u»e In July
H02 (the date of default on the bonds or the old Mlohlgan Telephone
Co.)
was
48,77tf,
comparing an followe:
THE CHRONICLE.
210
KCMIlElt OF TELEPHONE INSTRUMENTS IN USE.
April 1905.
March 1905.
Feb. 1 04.
Feb. 1905.
70,882
70,' 23
69,045
06,637
The gross earnings for month of Jan. 1905 were $175,043; for Feb.,
Stl74,:sh'4; March, iT-82, 124; April. $188,135.
The policy of the oompai y is to nte Its net ru> plu» lor additions and betterments and under
the- bend of expense* for maintenance alone we expended for the year
ending April HO 1905, $579,955, whloh more than maintained the
Inii'.'Hl eondl'lon of the property.
At stated In our report of April
1 11105. ibe
II
atlne debt outstanding Dec. 31 1904, together with
lar^e expenditures lor new construction, has all been piovldfd for
cut of 'huBurplDsearnines and the pale of bonds, the total bond, debt at
the present time being $ >, 191,000, including bonds recently Issued fjr
ex'en^lone and additions. The oontlnued large growth In tha number
of the patrons Is a strong endorsement of the looal management
j,
RESULTS OF OPERATIONS.
Year
11 months
4 months
ending
ending
ending
Dec. 31 1»04. Apr. 30 1905. Apr. 30 190J.
$1,839,704
exp
Oper.
inalnten.
,
$2,089,701
1,311.301
500,098
1,493,656
$498,403
$219,539
$396,045
$207,904
32,168
$82,804
$234,883
taxes,
inol.
and
$719,637
rentals...
Net earnings
Interest on bond,
and
Organization expense
Dividends on $2,235,000
Balance
—V. 80, p.
45,700
$91,034
$132,657
137,100
$224,061
1482.
Tamarack Mining
Co.
(Report for Fiscal Year Ending Dec. 31 1904.
Last week a dividend of $2 per share was declared, payable July 29, The last previous payment was $1 53, on Jan.
21 1904. The annual report issued a few weeks ago shows
that the company during the year 1994 prodaoed 14,931,883
pounds of fine copper; in 1903 15,283,093, and in 1902
15,961,528.
The profits
Tear.
1904
1903
1902
1901
1900
18*9
1898
1897
1896
1895
and
assets
Receipts from
copper, etc.
.$1,981,362
2,042,223
1.941,907
2,627,954
3,299,077
2,952,099
2,381,389
2,267,341
1,746,188
1,515,173
and
liabilities
Total
cost.
were
as follows:
Dividends
Balance,
Net
incone.
surplus.
paid.
$:,'0,000def.$llo.p09x
$1,780,552 $2l)0,s09
1.734,510
307,713
197,^08
1,744.(^99
807,406
1,8 0,^48
2,099.936 1,199,141
2,211, «>88
740.511
518.S82
1,862,507
431,531
1,836,*10
1,377,492
3 J0.697
1,113,008
402,165
307.713X
1S7.308X
........
1,200.000 def.392, c.94x
1,020,000
179,141
140.SH
600,000
480,000
38.882
71.531
360,000
360,000
8,697
400,000
2,165
x In addition $161,959 was spent for construction In 1904; $22,647
In 1903; $154,878 in 1902, and $281,240 in 1901.
ASSETS AND LIABILITIES DEO. 31.
1804.
Assets —
1903.
H. &C. RK.
bonds...
li.Sup. smelt'g stock
99,000
loo.wo
Min. Range RR. stli 861,700
Cash and accounts
at
mine
....
Woods and timber
lands
Total assets
—V.
81. p.
1903.
$
Accounts payable at
mine
706,fl60
99,000
100,000
361,7<-0
3u0,t5'J
218,212
Accounts and
184,016
858,416
827,801
815,983
777,031
bills
payable at Host >n,
including advance*
on copper sold and
not,
63,«40
139,491
2&S.462
241,787
Supplies at mine
1904.
Liabilities-
t
Cash & acots. receiv.
at Bjston and copper not paid for ... 649,130
paid af or
payable
Dividend
243,729
Jan 1904
90 000
Balance or aBsets
1,892,511 1,878.879
Baltimore & Ohio RR.— Common. Dividend Increased.—
The directors on Wednesday declared a semi-annual dividend of 2J4 p. c. on the $124,272,060 common stock, payable
Sept. 1 to holders of record Aug. 15.
This places the stock
on a 5
p. c. basis, as against 4 p. o. in the past, the first distribution on the common having been made in 1900.
The Pennsylvania BR. Co. purchased a large interest in 1900 01 and
on Jan. 1 1905 owned dlreoly $21,490,000 preferred and *30,293,300
common stock; also— through the Njrth-irn Central and Phlla. B. & W.
(eaoh owning one-half) -$2,000,000 p-eierred and $1,56 £,000 common stock, and th'ou/h the Pennsylvania Co. $5,000,000 preferred
and $11,044,000 common stock.
An additional 1 p. c. per annum on th3 Pennsylvania system holdings of common stock amounts as above to $428,999.
-V.
81, p. 30.
Branford (Com.) Lighting & Water Co.— SJd
below.— V. 81, p. 154.
— See Con-
solidated Ry. Co,
Central of Georgia Ry.— Bonds.— A press dispatch from
Macon, Ga,, states that the directors on Jaly 10 "decided to
issue lulO.OOO in bonds for the purooseof opening up valuable
coal fields in Northern Alabama."
First Vtce-Piealdent Liwtoi is quoted
:
125,675
to surplus....
[VCL. LXXi.1.
Total
liabilities. .1,892,511 1.678.879
StJ.
The traot covers about 9,000 acres of a Hie quality of steam coal.
The Central has acq lired oontrol of this traot and the Tannel Coal Co.
has beea orgaalzod. The traot lies In the Upper Cab. aba coal field in
8t Clair ounty. Ths connecting road, now under construction, will
be about 10 miles long and will oonneot with our Henry E. leu spur.
Atier the fields are developed there will be an output of not less than
2,000 tons a day, giving the Central an lnoreased coal tonnage and
providing a supply of fuel for our own use. The bond issue of $600,000 is secured by mortgage on the road and will bear interest at 4 per
cent—V.
80, p. 2457.
fMcago Union Traction Co.— Amenitd Leases Hell Valid.
—Judge Julian W. Mack, in the Circuit Court on July 5 in
the action brought by J. J. Townsend, Dtvid Kohn and
other minority stockholders, to prevent the reduction of
rentals to the company's leased lines under the terms
of the amended leases (V. 77, p, 249, 1746), held that the
iatt r are valid.
The decision is based largely on the ruling
Savings Bank which
of the Court that the Illinois Trust
held $3,200,000 West Chicago Street Ry. and $2,000,0 JO North
Chicago Street Ry. stock in trust for the two companies, respectively, had the right to vote thereon in favor of the
&
amended leases.
Plam, — Mayor Danne
of Chicago on July 5 outlined
City Council a'ternatlve plans for his proposed
system, one by municipal ownership,
street railway
pare and simple, the other (which he favors, since, in hts
opinion, the conditions are not favorable for construction and
operation by the oity) through granting a 20-year franchise
to a company which shall be managed by five persons possessing the confidence of the people. This company might
at once build 100 miles of track, later increasing it to 240
miles, and pay for it by sale of capital stock, or rather certificates of beneficial interest, the stock itself to be deposited
Mayor Danne's plan
ia trust to prevent outside control.
is baaed on the city's claims in the franchise litigation, and
disregards the recent decision of t be United States Cirouit
Court upholding the 99-year franchises of the Caicago Union
Traction Co. (V. 78, p. 2333; V. 83, p. 1038). Tne local transportation committee, proceeding on the belief that the city
desires a united traction system and not part of a system, is
understood to be considering other proposition. V. 80, p.
to the
—
GENERAL INVESTMENT NEWS
2343.
City Railway Co., Whesliug, W Va .—See Wheeling &
RAILROADS, INCLUDING STREET ROADS.
Elm Grove Ry. below.— V. 79, p. 2795.
Atchison Topaka & Santa Fe Ry.—Bond Offered. — Pfaelzer
Consolidated Ry., Con ..leeticit.— Terns of Purchase.—Th
*
& Co..
25 Broad St., are off ring at 10 and interest Extern
Oklahoma Division first mortgage gold 4 p. c. bondtt, due
Mur. 1, 1923. Authorized issue, $10,000,000 ; outstanding,
$6,128,000, a first lien at $20,000 per mile.— V. 81, p, 30.
)
Atlantic Coast Liue UR. — Bands fo* Co mectidut Savings
Banks. — The Governor of Connecticut has signed the bill
making this company's first consolidated 4s o' 1952 a legal
investment for Connecticut savings banks.—V. 83, p. 1174,
Atlantic Qaebec & Western Ry.— Bonds. —Tae shareholders
were to meet at the office, No. 120 Bishopsgate 8w, Within,
London, Eng., on June 12, to vote on authorizing an issue of
$9,050,000 bonds and the execution of security therefor on the
company's property.
A. F. Dixon, United States Consul at Gaspe, Canada, says:
The company has a Dominion oharter and a subsidy of $6,400 a
:
&
entire $30i),00l) capital stock of the Branford Lighting
Water Co., we learn, was pui-chasedon the basis of $S33^ per
snare (par §100), payable in 4 p. c. bonds of the Consolidated
Ry., dated Jan. 2 1905 and due Jan, 2 1955.— V. 81, p. 155.
Cripple Creek Central Ry.
Fist Divideni.— This com-
&
Southwestern Ry., foreoany, successor of the Denver
closed, has declared a dividend of 3 p. c. on its $3,000 000 of
The general 5s and
4 p. c. non cumulative preferred stock.
fl mating debt of the old company were exchanged for 60 p. c.
in the new preferred stock and 50 p. c. in the new common
stock.— V. 79, p. 1461.
The holders
Delaware & Bound Bio k RR.— Refund
of the |l,500,000 first and $300,000 second mortgage bonds
which mature Aug. 1 1905 are notified by advertisement in
Reading Ry. Co.
the daily papers that the Pniladelphia
has signified its intention to pucchase the above mentioned
bonds at maturity, and the amount du9 thereon will be paid
Co., Fifth and Cnesttherefor on presentation by Drexel
nut sts., Philadelphia. Holders who present their bonds to
the firm not later than Ju'.y 15 1905 have the option, upoa
the payment of 1 p. c. premium, of having their bonds exchanged for first mortgage consolidated gold bonds of the
Bound B.ook RS. (total issue $1,800,0 JO), to be
Delaware
dated Aug. 1 19J5, with interest at 3J-£ p. c. per annum, payable semi-annualiy in gold, free of taxes in New Jersey, and
ng—
&
mile from the Federal Government; also a grant from the Legislature
of the Provinoe of Quebec of 4,000 acres of land a mile, which must be
sold to bona fide settlers at a maximum price of $2 an acre. The road,
ia to run from Gaspe Village to Causapoal, on the Intercolonial Railway, abont 170 miles in length. The main ob j ->ot, it is understood, is to
connect with a line of fast steamers to Greao Britain, thus avoiding
the dangers of the Sf. Lawrence Kiver, and also gaining some 2 i hours
In time over the present route from Montreal. The same company has
undertaken to build the'remalning portion of the line along the Ga3pe
coast, a distance of about 100 miles, to connect with the existing
Atlantic <fe Lahe Superior By. simultaneously with the Q vebso West
ern & Alantio section, undeL- penalty of forfeiture oi the charter.
No work has been done on either section so far, exoept the making of
the sui vevs. There Is now no railway within 100 miles of Gaspe.
Payment for Stock. Sec.-Treas. E S. E.vey announces by
advertisement that at a meeting of the directors neld ia London on June 2 it was resolved that seven calls of $10 each
per s'iare be made oa the shareholders, payable as follows:
First call. Aug. 2, 1905; second call, Oot. 2, 1905; third call,
D-c. 2, 1905; fourth call, Feb. 2, 1906; fifth call, Apr. 2 1906;
sixtd call, Jans 2, 19 J6; seventh call, Aug. 2, 1906.
The attorneys for the company in Montreal are Gouin, Lemieux
Detroit Mackinaw & Marqnette RR.—Land Grant Bonds
Purchased. The trustees have purchased, following their
recent advertisement, we are informed, about §323,000 bonds
at prices between 74 and 83, reducing the amount afloat to,
say, |l,332,000.— V. 81, p. 155.
El Paso Southwestern RK.— Allixnce.— Sie report of New
Coal Co. on page 2J3 of this isaae.— V.
Mexico Railway
Brassard.
79, p. 151.
—
&
&
&
to
mature Aug.
1
1955.—V.
—
&
80, p. 2620.
,li
l
.'.
1905.
!•".
2U
U11KON1CLK.
Till.
Security for New H mdi,—The statement mud to the New
Farnnille & Powhatan KK.— Successor.— See Tidewater
York Stock Eichauge under date of Jane 1 contains the folA Western RR. below.— V. 80, p. 24V7.
Florida Ei8t Coast Ry.— Extension to K-y West .— Tae lowing information as to the security for rhu general cons illi
company has began the construction
of its proposed extenFia., to
West, a dis-
Ky
from Cu ler. or Houestead,
tance of about 136 miles.
or the new line, abont 3ft miles, it is said, will be trestle work over
water and the balance will be built over k->ys. partly rook an partly
submerged. This extension is expected to replace the survive of the
Pcn'nsnlir A Occidental Steamship Co., and. It was estimated, will
take eevf ral year* to construct, owing to the dlfil'Ult engineering f«>at
urea connected with 1:. From Key WtMt It Is proposed to operate a
Hue of large ferryboats to Havana, Cab*. 85 miles distant. In place of
L
sion
dated mortgage bonds, the underlying bonds In hands of the
public and tne miles of road owned by each company:
Slock
Security for General Oontols—
Kntlre railroad and equipment of
LehUh
1
the present servloe of the Peninsular
75. p. 906.
&
Oooldental Sto.miship Co. — V.
GilTfBton Harriebirg & San Antonio Ry.— See Gulf
W-stf rn Texas & Pacific Ry. and Now York Tex?s & Mexican Ry. below.— V. 80, p. 1912.
Gulf & Snip Island RR.— Application to Ltit.—The New
YnrkS ock Exchange has been requested to list $363, 00 J additional 1st refunding and terminal 5 p. c. bonds of 1952,
making the total listed $4,937,0 0.— V. 80, p. 2621.
Gnlf Western Tex is & Pacific Ry— Site —The shareholders will vote Aug. 8 on selling all the property and fanchises to the Galveston H irrisburg & San Antonio Ry. Co.
Horking Yalley Railway.— Ma'uring Bondt to be Exd-d— As announced by advertisement on another page,
this companv has arranged with J. P. Morgan & Co. to extend the $2,503,000 first mortgage 7 p. c. sinking fund bonds
of the Columbus & Toledo RR. Co., maturing Aug, 1 1905,
until Aug. 1 1955, with interest at 4 p, c. per annum, payable Feb. 1 and An?. 1, both principal and interest to be payable in gold coin of tha Unired States of the present standard
of weight and fineness, without deduction for any tax or
tax
whioh tbe company may lawfully be required
s
to
pay
or retain therefrom under present or future laws, Tha lien
now securing said bonds to oontinue unimpaired.
The right to extend as above has been reserved to such of
the present holders as shall deposit their bonds for that purpose with J. P. Morgan
Co., New York, on or before
Aug. 1 1905. The six months' interest due Aug. 1 19,15 will
be cashed at time of deposit. The firm is also prepared to
buy at par and accrued interest to Aug. 1 1905, less discount
at 3 p. c. per annum, any of the bonds which the holders may
prefer to sell rather than to extend.— V. 8), p. 2219.
&
& Broad
— Increased Dividend on Top Mountain Railroad & Coal Go.
Preferred Stok. — The directors on
JHnntingdon
Jaly
10 declared a semi-annual dividend of 3 p. c, on the
preferred stock, contrasting with %%. P- c V^ a la9t January.
Toe dividend is payable July 26 to holders of record July 15.
DIVIDEND RECORD FOE A SEBIE8 OF TEARS.
-
455 4^ 410000
7777
65 5>«75
Div- 92.
On oom.
Oapref.
—V.
'93. '94. '95. '96. '97. '98. '99. '00. '01. '02. '03. '01.
7
5
6
1905.
1
76
o^
80, p. 1724.
Rapid Tra isit Co.— Through Liae in Operacompany's road was put in operation as expected
on Monday morniDg for its entire length from the Battery to
"West Farms. Oj Tuesday the company began issuing free
transfers at 149th St. between the Subway and the Manhattan
Elevated division. The Kingsbridge division will probably
be opened early in the fall.— V. 81, p. 155.
Jacksonville (FlO Electric Co. — Common Dividend Increased.— Stone & Webster -announce the declaration of a
semi annual dividend of Z% on the pref and a dividend of 3* on
tbe common stock, both payable Aug. 1 1905 to stockholders
of record July 18 19 15. Dividend No. 1 on the $30D,000 common stock was paid Feb. 1 1905, and was only 2 p.
V. 80,
In terborongh
tion
—The
.
c—
p. 222.
Kansas City Okmulgee & Galf RR.— Mortgage..— This
company, incorporated in September 1901 wi-.h $5,500,000
authorized capital stock, has made a mortgage to the laternational Trust Co. of Boston, trustee, to secure an issue of
$3,000,000 bonds to provide for the building of the proposed
line.
The charter permits construction of a road from Kanbus Ci\v to a point on the R-d Rver in the Choctaw Nation,
with branches from Okmulgee, lad. Ter., to Joplin, Mo ,etc,
in all abont 560 miles.
Directors:
I'red. H. Smith, President; W. W. Wltten. George McLaean, Mark
L Fez irth. William M. Jackson and W. E. Wood of Okmulget, :md J.
M. Owen. W. R Taylor and M. L. Blackwelder of Oklahoma Oty.
LanBdale & Norristown Electric
Sale.— Successor.—
See Montgomery Traction Co. below.— V. 80, p. 1424.
Lehigh & Lake Erie RR. -.Bo ids.—The New Yjrk Srate
Railroad C mmisslon recently authorized the company *o
ie-ue bonds to tbe amount of $1,000,000 for the construction
of a terminal line at Buffalo. Tee c'mpauy was chartered
M v 7 1838 as a proprietary company of the L-high
RR., and on June 30 1904 i- owned 2-94 miles of main line,
it* property having cost $104,533 ($539,62^ for ri?ht of way),
represented by $25,00) c ipita" e'^ock and $579,583 open ao
connts. It recently tot title to the folio^iog pieces of
properly at rr nea- Bufla '<», aggregating 189}^ acres:
Rj—
W
42-acre pare 1 of an 1 In IheOgdenOora lr;iot,h acres on the Bidire roal,
nne-nalf ac e on C iiiuikrw.,.,d A re. nu»r J.Hke Shore Are., vw acres n Mii'i»e'«
"
C
acres on the cl'.y line divMiriK the ciiv and
Beneca, OS I
the II imbnrg turnpike and 47 acres oq TIB: i
Wot
'
Mnin
BufT.lo,
line tmthoriz-d
12^
miles.
of tbe
development
L-high Valley
LstkT E:le
by ch-.rt-r,
E
Baffalo to Tiff Farm,
lor the
.et
The n^w b.ndswill b j ief^d
Lehigh Valley terminal-j at B iffilo.
RR,— Bonis of Sub J liary.— lee Lehigh
RR. above.
.
to
J.,
or
rlying
tc.
i
x \tiht
(ait track).
fa.. Puil-
None.
,
d$34,OOO,O0O
whioh oost $i.ll2,7-<0
Lehigh Valley Ry (N. Y.)
1i M*.i)80,U >0
Lehigh V*llt-y Rrt. of N. J
1T2O.S08,u09
Loyalsook RR
1U?iO,000
Kaston & Northern RR
11
00 ,000
al, 0*1,200
Pa. & N. Y. Canal & RR. Co
Co. (p-of.).... b.',168,506
Lehigh & N. Y. RR
Bohuyikili <fc Lehigh Val. RR. C>>... c 1,999,050
Lehigh Valley Transportation Co.
(over 200 vessels on the Great
Lakes and In New York harbor
.
vicinity)
Lehigh Valley Coal Oo
Haz eton Goal Oo
Coal Ridge Iinpt. &
11750,000
Hi. 800,000
Uii65,000
Coal
799-70
115.000
«M7,M
1,000
914-78
d ..a.OOU.OUO 44» 08
r-9-87
dM.OHO
1
and
n.it
lSjudu,
WUkes-Barre,
Pa with lira. dies
Real estate lu Philadelphia, Jora^y City, Bayonne and Newark,
dlO.oOO.OuO
¥,' 0i\000
15 72
414'82
14 >h6
4789
e
cgll,5b8,00i>
g
Co.
(*122,9'5 pref.)
bl.462,175
N. Y. & Middle Coal Field RR. &
Coal Co
kl,061,150
National SDorage Co., owning extensive terminals and warehouses on N. Y. harbor
1T2,400,000
g
U This Is the entire outstanding issue of capital stock.
a $10,300 additional outstanding; b $1,22 <. 142 additional stock
outstanding; c $950 additional outstanding, d Tuese are tii" bonds
to retire which $77,602,000 general consols a-e reserved, e Suppllel,
not in cffloial statement, g On June 30 1904 tbe Leliigh Valley RR.
Co. owned the following b jnds, which were pledged for the mortgage
and collateral trust 5s [called for payment M*y 1 190)], bat which dj
not appear among the collateral of the general consolidated mortgage
in tbe statement to the Exchange: Bohuylklll & L°hlgh Valley RR.,
$2,000,000; L"hl>!h Valley Coal Co., $6,400,000; O-ial Ridge Improvement & Coal Co., $384,50;; Haz'.eton Coal Co $1,8 44,00 J.
It About
$40,000 additional held by public. It $438,860 additional held by
public [faots in h and k appear in deed of trust].
x Total traok, 2,847-72, of whloh 1,869-32 "main line tracks" and
978-40 "sidings," etc.
Note.— Slnoe the mortgage was drawn (on Sept. 30 1903) th3 following mergers of subsidiary companies have taken place, changing the
stocks of the absorbing companies to the amounts shown above, viz.:
(a) Iato Lehigh Valley RR. [N. Y.] Elmira Cortlandt & Northern RR.
Co., stock, f 2,000 .000; Cana RR. Co., stock, $60,000; Oanastota Northern, stook, $.'00,000; (6) into Lehigh Valley RR. of N. J., National
Docks Ry., stook. $3,854,000; (c) into Lehigh Valley Coal Co., Mineral
8pringCoal Co., stock, $300,000; (d) into Loyalsook RR.,Wiikes-Barre
<k Harvey's Laka RR., stook, $150,000; (e) into Hazleton Coal Co.,
Wostwood Coal Co., stock, $165,000.
,
The |23,100,03O general consolidated mortgage bonds
Njw York Exchange represent:
Capital advances made to pay oar trusts, Series A to G, In-
al-
ready listed on the
and on Connell. Seneoa A Rlghter stook purchased bonds
$2,664,000
To redeem at I07i« $J,568,0J0 mortgage and collateral
trust 5« (called)
10,286,000
To redeem at 102^ $2,000,000 Lehigh Valley Coal Oo. 5 p.o.
10 year coal pledge bonds (called)
2,050,000
To redeem $5,000,000 National Storage trust oertiiioates... 5, 100,000
V. 80, p. 8453, 2219.
clusive,
—
Lima Findlay & Toledo
ing
Green
Railway
&
(Electric) Ry.— See Toledo BowlSouthern Traction Co, below and L^ma Electric
Light Co. in V. 81, p. 155.—V. 80, p. 2344.
&
Long Island RR.— Lifted.— The New York Stock Exchange
additional guaranteed 4 p. c. refunding
bonds of 1949, making the total amount listed $17,891,0 JO. O:
these additional bonds $1,813,000 were issaed in exchange for
has listed $5,691,00
J
a like amount of the $9,673,000 unified 4 p. c. of 1949 and the
remainder for additions and improvements.
STATEMBHT OF I88UB OF $17,891,000 4 I". C BEFUNniNQ MORTOAOE
GOLD IIOND8.
Rebuilding Bay Ridge Division in Brooklyn to avoid grade
The cost
company and city
orosflngf.
of rebnlld'ng is to
be borne Jointly by
$2,500,000
>lnt expense of oompany and city of
3,003,000
and railroads on Atlantic Ave., Brooklyn
EztensiooB and Improvements, inolullug second and third
track, lnoreased sho;> facilities, additional motive power
and eqilnment, new freight and terminal yards, lnoreased
passenger terminals, electrification of lines, and other
Reconstruction at the
]
the tracks
7,013,000
corporate purposes
Payment
1,875,000
Metropolian Forry bonds
In exchange for a like amount of 4 p. o. unified mort. bonds 4,013,000
of
FORM OF GUABAHTY ENQKAVKD OFON REFUNDING
II
1NU8.
For a valuable consideration. The Pennsylvania RR. Oo. does hereby guarantee to the holder of th=> within bond the due and puDo'.ual
payment by the Long Island R
Cj. of the iaterest upon the sill
bond, in gold coin of the United States of Amerloi, of ortqialtothe
present standard of weight and fineness, as thesamoBhall from time to
time beoome due, and also the payment of the principal o' the within
bond )n like gil coin when the same shall be or bo une due. In witnets whereof The Pennsylvania RR. Oo. has oaused this guaranty to be
signed by Is President or one of Its Vice- Presidents, or ai assistant to
the Prenl lent, and its corporate seal to be hereunto alll t« I, duly attested by its Secretary or one of its Assistant Secretaries thli
day of
190... [Signed.].
'..
1
Lisle
1
— V.
ton.— The Lmdon Stock Exchange has listed
guaranteed 4 p. c. refunding mortgage bonds.
in 1a n
thrt $:2,9u0,OU<J
81, p. 81,
in Con rol.— H. E.
announced, has purchased the entire $1,000.(00 capital stoak, as-uming the roonded debt of $500,0 JO.
Li»M
Angeles
Huntington,
— V.
It
Hi
Redondo Rj.—Change
ifl
78, p. 1392.
Li.nisvillH
tton
$3,84'J,OC0
.
&
KR
Valley
llnsbnrg, N.
I'
Pledyd.
& Nashville BR.—Ampli tii m to l.i t.- AppUoamade to the New Y.> k S --ck En;hauge to li-it
i
i
unified 60-ye»r
total aniount lis'.od
dlditi.mal
making the
|
4
boodl of 194J,
-V. 80, p, 3841
p. o.
THE CHRONICLE-
212
Metropolitan West Side Elevated RK., Chicago— May
Carry Freijht and Express —The Chicago City Council on
July 10, by a vote of 53 to 13, granted the company the right
to conduct a freight and express transportation business for
ten years.— V. 80, p. 2458, 1424.
Missouri Pacific Rj. Co.— Application to List.—Tae New
York Stock Exchange has been requested to liafc $35,000,001
40 year 4 p. o. gold bonds of 1950, part of the authorized
issue of 150,000,000 dated 1905 secured by Iron Mountain
stock as collateral.— V. 83, p. 2458.
Missouri River & Northwestern RR.— Receivership.—
July 6, on petiSioux Falls, South Dakota, on
tion from William T. Coad, Ripid City, as attorney for Forest O. Murdock, Judge, Carland of the United States Court
appointed George B. Horr of Chicago receiver for this company and the Dakota Wyoming & Missouri River RR., representing about 81 miles of road between Rapid City and
Mystic in the Black Hills.— V. 80, p. 222.
New Orleans Railways.— Sold.— At New Orleans on July
8 the company's real estate, etc., was bought in at receiver's
sale for $3,500,000 for the reorganization committee. Judge
Lanning, at Trenton on Juae 24, confirmed the sale of the
security holdings to the committee.— V. 80, p. 2622,
At
New Orleans Terminal.Co.— Franchise Valid. —The officials
of the St. Louis
San Francisco RR. Co. state that the
Supreme Court of Louisiana has decided that the franchise
granting the right to lay tracks along the banks of the Mississippi River is perfectly valid in every way.
See V. 81, p.
&
Newport News & Mississippi Valley Co -Final Distribu-
—
Judge Case in the Superior Court at New Haven,
Conn., on JuneS6, ordered the payment of a final dividend of
86 p. c. on the allowed claims, which aggregate $61,447. Receiver Edmund Zicher of New Haven. Conn., Is allowed
$2,445 for his services as receiver. This winds up the
aff iirs of the company.— V. 60, p. 1146.
New York Texas & Mexican Ry.—Sale.— The shareholders will vote Aug. 8 on selling all the property and franchises
to the Galveston Harrisburg & San Antonio R7. Co.
V. 78,
tion
—
p. 702.
Norfolk
& Western Ry.— Listed.— The New York Stock
Exchange has listed $690,000 additional first consol. 5s of 1966
issued lor constructions, additions and improvements, making
the total amount listed $40,400,500 (V. 79, p. 213).—V. 81,
p. 81.
Northern Securities Co.— Distribution of Assets to be
Temporarily Su$per<did.—1\, is announced that, owing to the
closing of the stock tranfer books by the Great Northern Ry.
Co. and the Northern Pacific Ry. Co. for the payment of
dividends on Aug. 1, the distribution of Northern Securities
assets will be suspended from July 18 to Aug. 2, inclusive.
V. 80, p. 2220.
North Chicago Street RR. Amended Leases Held Valid.—
S36 Chicago Union Traction Co. above.— V. 80, p. 163.
Ocean Shore Railway, California,— New Enterprise
Mortgage. This company, incorporated May 18 1905 under
the laws of California with $3,000,000 authorized capital
stock (par of shares $100), has called a meeting of its shareholders for Aug. 17 at the Spring Valley Building, San Francisco, to vote on making an issue of $3,000,000 firBt mortgage
—
—
Vol lxxxi
the power of granting franchises from th3
Aldermen to the Board of Edim*te and Apportionment. Justice Truax also granted an injunction in a suit in
which Franklin Pettit is plaintiff restraining th=> Board of
Estimate and Apportionment from dealing with the qies'ion
transferring
Board
of
,
of private franchises on the petition of the Atlantic Telephone Co., the New York
Port Chester RR. Co., the
Nassau Electric RR. Co., the Southern Boulevard Ry Co.
&
and the Union Ry. Co.
Oa July 7 Supreme Court Justice Gllderslee ve modified
the aforesaid stay so as to permit the Board of Estimate and
Apportionment to consider plans and specifications submitted
by the Rapid Transit Commissioners, and on July 14 he
further modified it, giving the board the right to adopt the
tunnel recommendations of the Commission, but without the
right to complete any contract until the constitutionality of
the law is determined. Tne board thereupon adoDted all the
routes which the Commissioners recommeaded— V. 81, p. 32.
Reading Company.— Refunding.— See Delaware & Bound
Brook RR. above.— V. 80, p. 2622.
Bio Grande RR,, T^xas.-- Control —Last June
$130/.03
capital stock, being a controlling interest, was purchased by A, G. Edwards
Sons of S:. Louis
at a price reported as $30 per share, par $100. The road is a
narrow-gauge line, extending from Brownsville to Port
Isabel, 14 miles; it has outstanding some $19,000 first mortgage 6s, due April 1, 1915.
of this company's $255,2f
&
Roek Island Southern Ry.— Mortgage.— This company,
which
155.
I
building an electric road between Galesburg and
II., has made a mortgage to A. N. Eiwards aid
W. V. Dalahunt, respectively Vice-President and Trust
Officsr of the Commonwealth Tru^t Co, of St. Louis, as
trustees, to secure an issue of $1,500,000 first mortgage
5 p. c. gold bonds, of which $325,000 are outstanding. The
aforesaid line is expected to be completed in about 90 days.
is
Monmouth,
The bonds are dated May
1,
1905, and due
May
1,
1945, but subjaot
to oaU at any time after May 1, 1910, at 105 and Interest; denomination, $1,000 and $500; Interest payable Noy. I and May 1 at the Commonwealth Trust Co., 85. Louis. The mortgige co ve-s the entire property, including the road owned in fee from Qale6barg to Monmouth,
111.
Of the new bonl issue $1,175,000 is reserved for bettermeats,
extensions, etc. There are no prior liens. Capital stock authorized
and lsfued, $1,500,000, all common; par of shares $100. President,
M. A. Walsh; Secretary, J. W. Walsh. Offioe, Rook Island, 111.
St.
Lonis
—
&
Northeastern (Eiectrlc) Ry.—Increase of
Stock. This new company has filed a certificate of increase
of capital stock from $400,030 to $1,030,000. Compare V. 81,
p. 156.
Sierra Ry. (California).— Extension.— See Yosemite Short
Line Ry. below.—V. 80, p. 1112.
South & Western Ry.— Extension.— See " Carolina Com
pany " under Industrials, below.—V. 80, p. 473.
Tacoma Transit Co.— Incorporation.— This company was
incorporated in Maine on May 5 with $1.C03,000 authorized
capital stock.
President and Treasurer, M. W. Baldwin and
H, E Mason, respectively, both of Portland, Me. Frederick
Brown, No. 804 Tacoma Building, Chicago, 111., is the
attorney organizing the company.
A
Terre Haute & Peoria RR.— Report of Bondholders' Committee.— the report of the protective committee (Mark T.
Cox, chairman) shows that as a result of the litigation bsgun
gold bonds. The company proposes to build 83 miles of elec- in 1896 all coupons to and including Mar. 1 1935 have been
tric railway, extending from the Bay of San Francisco to paid,
The committee's expenses, Including counsel fees and
Santa Cruz and Monterey Bay, and is already securing right its own compensation, aggregated $119,991, of which it
of way and beginning construction. An application has been applied on account of deposited ooupons 167,541, leaving a
made to the Board of Supervisors of San Francisco for a 50- balance now chargeable to the depositors of $52,450, or $25
year franchise covering the San Francisco end of the road per bond. Compare V. 81, p. 156.
frcm Army and Illinois streets to the city line, and a proposed
Decision as to Lease.—The Vandalia RR. having been made
branch to Eleventh Ave. and Fulton St. Offio9rs:
a party defendant in the action brought by the committee to
President, Walter E. Dean; Vice Presidents, A. D. Bowen and J. enforce the terms of the lease of O it. 1 1892, a decree has
Downey Harvey, and Secretary and Treasurer, Burke Corbet.
been entered by consent, by the United States Circuit Court
The Southern Pacific interests, through their Coast Line for the District of Indiana, holding that the Vandalia RR.,
Railway Co., are reported to be planning a rival road.
which paid the March 1905 coupons, is liable under its asPittsburgh Binghamton & Eastern.—New Road Financed. sumption of the lease to all the obligations of the original lesE. H. Gay & Co. head a syndicate which has taken $4,000,- see, the Terre Haute & Indianap,, its predecessor thereunder.
030 50-year 5 p. c. gold bonds and a like amount of preferred These inolude the payment of the coupons on the outstanding
stock, which will provide about $6,0f 0,000 to construct the bonds (any deficiency to be advanced) and also, the committee
Pittsburgh Binghamton
Eistern RR. The road is to run points out, the payment under the guaranty of the Terre
from Binghamton, N, Y., west to Ansonia, Pa., 148 miles. Haute & Indianapolis RR, of the principal of the bonds of
the issue of Sept. 1 1892 at maturity.
It will connect on the west with the Buffalo Rochester
Pittsburgh and on the east with the Dataware & Hudson,
GUARANTY ENDORSED ON BONDS OF 1S92.
the Delaware Lackawanna
Western, the Erie, and other
For value received and pursuant to a resolution of its board of
lines, and, it is claimed, will shorten the haul over 10J miles directors the Terre Haute & Indianapolis RR. Co. hereby guarantees
between Pittsburgh and New England. The company con- to the holder of the within bond and ooupons respectively the punctual
payment of the said bond and attached ooupons when and as the same
trols 5,000 acres of Kittanningvein soft coal.
fall due and according to the terms and promises thereof.
The authorized bond issue is $10,000,000, of which a further
In witness whereof the Terre Haute & Indianapolis RR Oj. has
issue of $1,000,000 may be made if neoessary on the 143 miles oansed this guaranty to be Blgned by Its President and its seal duly
now in course of construction, and the remaining $5,000,000 attached by its Beoretary to be affixed. [Signed.] -V. 81, p. 156.
can be issued only for additional mileage. The trustee of
Tidewater & Western RR.— Reorganized Compmy,— This
the mortgage is the Knickerbocker Trust Co., New York; cooipany was incorporated at Riobmond, Va., June 30th
interest payable Jan. 1 and July 1. The preferred stock is
1905, with $100,000 minimum and $500,000 maximum capital
authorized for $5,000,000, of which $1,000,000 is held in the
stock, as successor of the Farmville & Pownatau RR., a
company's treasury.
There is also $5,000,003 of common narrow-gauge line 89 miles in length, extending from Farmstock.— V. 71, p. 343.
ville, Va., to Bermuda Hundred, Va., recently sold under
Rapid Transit in New York City.— Litigation.— Justice foreclosuie.
The charter permits of the constructioa of
Truax on June 29 granted a stay forbidding the Board of branches or spurs from any point or points on its main line
Estimate from any action in regard to the plans for new in any direction, not exceeding 50 miles, and also the extenrapid transit lines, pending the appeal by C.
Wilcox from sion of its main line to Virginia and Tennessee and Kentucky
Justice Blanchard's decision holding constitutional the law boundaries. It also has the right to extend its line from the
—
&
&
&
H
July
TIIK CHRONICLK.
15, 1905.
|
preeent terminus at Farmvllle, Vs., to the city of Dinvllle.
Vs., and the city of Lynchturg, Va. Officers and directors
(all of Richmond, Va.,) are
President. Thomas F. JefTress; VIoePresldent. William M. Habllston;
Gen. Manager. T. M R Talooit; Sec. and Treas.. O. M. Wilson.
:
Win. M. Habllston. Pres. National Bank ot Virginia;
James N. Boyd, Pros. Planters' National Brink; John 8. Bill tt, Pres.
*tate Bank of Virginia; J. B. Beasley, Preo. Ui Ion Bauk of Richmond;
L. L. Lewis. ExJud^e of Virginia Court c f Appeals; H. W. Anderson.
Dlreotors
:
stock has yet been issued and no mortgage bonds decided npon.
No
Toledo Bowllngflreen & Southern Traction Co.— Change
in Control.— It is generally believed that control of this
company has passed, or is about to pass, into the hands of
the Elkins and Widener interests as part of their proposed
Toledo Cincinnati Hce. See Lima FindJay & Toledo Ry. in
V. 80, p 2344, and Lima Electric Railway & Light Co. in V.
81, p. 155
—V.
79, p. 2797.
United Railw.sja of St. Lonis.— Suit Against Syndicate
Dismissed.— Judge Pollook, in the United States Circuit
Court in St. Louis on July 1, dismissed the bill of complaint
in the action brought by Cella, Adler & Tillee, as owners of
11,000 shares of St. Louis Transit stock, to enforce rights
claimed by them under the syndicate agreement of Sept.
The syndicate managers have made distribution to all
1904.
the other members of the syndicate. The complainants at
the trial obtained leave to strike from their bill all averments relating to the fraudulent character of the reorgantion scheme. The Court held that the proposition made by
the complainants, after the syndicate agreement had been
entered into, that they receive their proportionate share of
the securities released, in kind, which was rejected by the
managers, discharged the latter from all obligations to permit the complainants to participate in the syndicate agreement. Compare V. 79, p. 2087.— V. 80, p. 2622,
Vandalia KB..— Allied Coal Property.— See Vandalia Coal
Co under
Hdd
Industrials below.
Liable.- See Terre Haute
&
Peoria
RR. above.— V.
81, p. 32.
West Chicago Street RR.— Amended Leases He'd Valid.—
See Chicago Union Traction Co. above.— V. 80, p. 165.
213
its transmission to raining dlstriots and towns in Northern California. E. W. Sutoltffels interested.
and
Black Diamond Anthracite Coal Co., Pottsvllle. Pa.—
Old Management Re-Elected. At the annual meeting on
June 30 President T. V. Powderly was re-r looted, W. S.
Cnamberlin was made Secretary aDd Treusurer to fucceed
David Bonner, Treasurer, and W. S. Osgood, S-creUry; and
the board was increased from seven to twelve memb-rs, viz
—
:
Washington; Wllllim N.Johnson. Manoliontur, N. H
FrederloK P. Mable. Lowell, Maes Kdgttr H. AUlrich. Rutland, Vi.;
Ensworth. Hartford. Conn.; Augustine L. Bills, Hartford,
[jester L.
iv mi.; Ubarlea B, Falrohlld, Seymour, Conn
Prark P. Christian,
scranton; Pa.; W. 8. Ohtiniberllu, Baynn-io, N. .1
David B Miner, New
York; Hiram Co well, Wrentham, Mass John ELderkln, New York.
Herbert Limberger, 19 William St., New York, is counsel
and Edward L Lazarus, 81 Gold St., Secretary of a stockholders' protective committee.
Annual statement of May 31 1905 Is reported as showing:
Total assets, $1,066,185, namely: Mines at Branchvlllo, Pa., $500.000; bonus sales of treasury stock, $145,457; plant, $140,534; notaCapital stock,
tion acoonnt, $133,870; miscellaneous, $146,324.
$1,000,000 (In one dollar shares); aooounts payable to Peter Whitney,
$62,346; aooounts payable to other creditors, $3,839.— V. 75, p. 137.
T. V. Powderly.
.-.
;
;
;
;
Carolina Co.— Extension of South
<fe
Western Ry.—ThlB
construction company has been incorporated under the laws
of Tennessee, the incorporators being George L. Carter of
Bristol, who is President of the South <fe Western Ry Co.; J.
Fred Johnson, J, Norment Powell, W. F. Klnsey and T, F.
Davis, for the purpose, it is understood, of extending the
South & Western Ry. probably to the Toms Creek coal fields,
as well as to a connection with the Seaboard Air Line in
North Carolina. The South & Western is now controlled by
the Seaboard interests.
,
Car Trnst Investment Co., Limited.— Reorganizat 'on. —The
reorganization plan, which contemplates the nursing of the
main assets, was outlined last week (page 157). The oresent
capitalization is: £470,000 4 p. c. debenture stock; £500,000,
5 p. c. pref. stock; £5C0,C00 ordinary shares, on which
£125,000 has been paid up. Managers, Dent, Palmer & Co.,
London and New York.— V. 81, p. 157.
Central Leather Co,— Luted.— The New York Stock Exchange has listed $28,080,000 first lien 5 p. c. bonds of 1925,
$28,080,700 preferred stock and $37,397,600 common stock.
Earnings.—See page 208 of this issue.
Acquisitions.— The Boston News Bureau says
Under Armour management the United States Leather Go. (whose
catital stock is nearly all owned by the Central Leather Co.) Is
Wheeling & Elm Grove Ry.— New President. — Henry
Schmulbach has been elected President, bringing the company into close alliance with the City Ry., of which Mr.
Schmulbach is a director. The City Ry. Co. is a competitor
of the Wheeling Traction Co. and owns 12 miles of traok.
expanding In the sole-leather field. It has acquired the three tanCompare V. 79, p. 2795.— V. 79, p. 1024.
neries controlled by Lucius Beebe A Sons of Boston and the tanneries
Wisconsin Minnesota & Pacific RR.— Listed in London.— of the Independent Leather Mfg. Co. at Elmlra, East Randolph,
The London Stock Exchange has listed $2,170,000 first mort- Laresboro and Hornellsvllle, N. Y.. and it is understood that there
gage 4 p. c. 50-year gold bonds cf $1,000 each, No?. 1 to 50, will be farther acquisition*. The Beebe tanneries are the Queen City
ot Pennsylvania and the Elk Valley and Blue Ridge tanneries in the
:
101 to 150, 201 to 407, 424 to 2,022, 2,701 to 2,735, 3,151 to
8,185, 3.551 to 3,278, 3,135 to 3,500, 3,801 to 3,850, and 3,951 to
4,000.— V. 80, p. 1858.
South.
This purchase lnoludes tanneries, bark, bark lauds and
leather in prooess, and purchase price was rising $1,000,000. These
tanneries have a capacity of 1,800 sides of leather per day. Lucius
Beebe & 8ons retire from the sole-leather business in order to devote
their entire attention to their extensive upper-leather interests. The
Independent Leather Mfg. Co. tanneries were purohased at auction
for $130,600.— V. 81, p. 157.
Tosemite Short Line Ry.— Bonds.— The shareholders
Aug. 29 at the Croesley Building. San Francisco,
upon making an issue of f 875,000 bonds. The company was
Central Union (Bell) Telephone Co.— Acquisitions.— This
incorporated last June with $1,250,000 authorized capital
company, controlled by the American (Bell) Telephone &
stock in shares of $100 each to build a 60 mile extension for
the Sierra Ry, from a point in Tuoltmne County, Cal,, two Telegraph Co., has recently made several important deals
miles south of Jamestown, into tbe Yosemite Valley, with with independent telephone companies, the faots regarding
branch from Crockers Station to the Hetch Hetchy Valley, 10 the same being reported as follows:
The entire 1,000 shares (par $50) of the Central Energy Telephone
mi.'es.
Surveys for the new line are about completed, and
Co. of Franklin, Ind. (1,300 telephones), has been purchased for $115,construction, it is thought, will begin shortly.
000. Arrangements have been made to sub-lloense all the independent exchanges in Jaokson County, Ohio, the Jaokson County Comwill vote
Bell instruments in its exohanees at Jaokson,
Hill and Hamden, a total of about 1,300 subscribers. The United Telephone Co. of Bluttton. Ind., which owns the
exchanges and toll lines in Wells, Grant, Blaokford and Huntington
counties, Ind., and has 5,000 subscribers, has rooome a sub licensee
The United has $480,000
of the Bell, using its Instruments.
bonds and $300,000 stook outstanding. The Clt'zenb' Telephone
Co. of Kokomo has applied, or will apply, to the city authorities for
an amendment of its franohlee permitting it to enter into a oontraot
with the Central Union,— V. 80, p. 2396.
pany adopting the
Wellston, Coalton,
INDUSTRIAL, GAS AND MISCELLANEOUS.
American District Telegraph Co., New Jersey.— Leas*.—
The sto( kholders of the National Automatic Fire Alarm Co.
of Cincinnati have voted to lease their property for 25 years
Telegraph Co., a holding company
to the Ohio Messenger
organized in the interests of the American District Telegraph
Co, of
Jersey.— V. 80, p. 648.
&
New
American Tobacco Co.— Pur chase.— This company or its
American Scoff Co., has purchased for a sum
rumortd to be |1,I 00,000 or $2,000,000 the Weyman Brothers
subsidiary, the
Tobacco Co. of Pittsburgh, said to be the largest independent
manufacturers of tobacco in the United States. The American Snuff Co.,
in a circular to its
customers, says
:
We
take pleasure In announcing that we have succeeded to the
exclusive right to sell snuff of Messrs. Weyman <& Bros Pittsburgh,
Pa., and we enclose price list In which we qaote Copechagen snuff.—
V. 80, p. 1055.
,
Oak
Challenge Cutlery Co. of Bridgeport, Conn.— Bonds.—
is reported to have made an issue of $50,000
6 p. c. mortgage bonds of $1,000 each.
Chicago Junction Ry. & Union Stock Yards Co.— New Directors.
George H. Norman and Mark T. Cox of Boston
were recently elected directors, succeeding John A, Spoor
and William C. Lane, Of the ten directors, seven now represent Boston Interests as follows:
This company
—
Nathaniel Thayer (President), F. H. Prinoe (Vice-President), George
Gardner (Vloe President), Gordon Abbott, Eugene N. Foss, George
H. Norman and Mark T. Cox.- V. 80, v. 869.
P.
(lafliu(H. B.) Co.- Statement for Half -Year. —The earnijax Portland Cement Co.— New Enterprise.— ft C. Benings for the 6 months ending June 30 19i:5 compare:
nett & Co., No. 18 Wall 8treet, recently offered a block of
Total
Balance,
Dividends
Dividends
this company's $1,000 000 8 p. c. cumulative preferred strck timos.lo Ntt
*ur/
surplus.
June ZO earns,
on pref
on com.
at $85 per share, par $100, giving one share of common with
11.885,087
$22,645
1905. .$317,934
$142,125
(4) $153,164
1.276,7:14
each two shares of pref. as bonus. An advertisement says:
15,470
1904.. 310.760
163,164
142,125
(«)
.
The company is preparing to build at Patternburi?, N. J., at a cost
of $360,COO, a plant with a dally oapac:ty of 1.5O0 barrels, whloh by
the expei ditnre of $100,000 additional oan he Increased to 2.500
barrels. Incorporated under the laws of
Jersey. Authorized
capital stock $1,000,000 common and $1,000,000 preferred; property
lnoludes 230 aores on Lehigh Valey RR. Preferred stoak to tlii
amount of $250,000 waB underwrlttfn and $100,000 subscribed by
the directors aDd their friends. No bonds. Pre»ldent,
O. Beni.ett.
New
H
—
I reek (Cal.) Power Co.— Bond I»tue Authorized
The shareholders, at a meeting held at San Francisco (628
Mottgomery St., room 33), on June 5, authorized an issue ot
$1,000,100 20-year bonds to provide for the construction of a
hydro-ekctric pl&nt on Battle Cieek in Shasta Ccunty, Cal.,
Battle
1903.. 303.994
1902.. 317.377
1901.. 303,097
142,126
142,125
142,125
(4)
(4)
(4)
Pre3. Claflin says the outlook
153,164
153,164
153,164
Is
M.705
22.088
7.808
1,240,, 61
£15.160
1.140,905
1.
satisfactory.— V. SO,
p. 161
ollins Company, Hartrbrd, conn.— Seetra Divide*
At the meeting on July 5 the regular petal annual dividend
of 8 p. c. was declared on the $1,000,000 capital stock, an
the B*me time an extra dividend tor the year of 2 p. c Doth
payable July 15. This makes the total amount distributed
<
,
in dividends for the late fUo il year 8 p. c.
The company. Incorporated In the '60s, manufacture axes, *to.
The annual dividend rate has been 6 p. o. for the past twenty yean.
THE CHRONICLE.
214
No bonds. OtHoerp: President, Edward H. 8ears; Vlce-Pres.
Charles Hopkins Clark; Seoretury and Treasurer, Meigs H. Whaples.
jYOL. LXXXI.
N. Stranahan, Colleotor of Port of New York, and
Herrlck, Demooratlo nominee for Governor of New York In
1907— Nevada
D Cady
last election.
Colombia Straw Prper Co.— Settlement.—Vioe-Chancellor
1908— Nicholas Murray Butler, New York, and Charles Zehnder,
Pitney, at Newark, N. J., or June 29, signed a deoree direct- coal, Philadelphia. -V. 81, p. 33.
ing Receiver Frank P. MoDermott to accept the offer of
(General Apphult Co.— Speti .1 Commissioner to L.ventigate
Samuel Uhtermyer and other defendant promoters and Venezudecn Situation.— President Roosevelt has appo'nttd
stockholders to nettle the pending litigation by paying to the Judge William
J. Calhoun of Chicago a special commission
receiver $170,000. Of this Bum, $30,000 will be applied to to go to Venezuela
and investigate conditions therein so far
$140, COO as they
receivership and legal expenses, and the remaining
relate to the United States and its interests.— V. 80,
will be held per ding the ontcome of the euitcf Solomon p, 2223.
Marx, who seeks to be deolared a preferred creditor.
(The) Gorhsim Manufacturing Co.- New Stock— Suit.—
The company was Incorporated In 1^92 to consolidate a large
number of straw board mills, and tfteurd $3,000,000 oommon stock Vice-Pree. George Robinson, at Providence on June 30, filed
and $1,000,000 preferred stock and $1,000,000 bonds. On February an attachment of $3,00^,000 against the capital stock cf the
23 1901 ihe property was sold under foreclosure for $10,000. Subse
company owned by President Edward Holbrook, allegirg
quently suit was brought against certain of the stockholders ard that
an sgrf ement was entered into by the latter to transfer
promoters on the ground that they had Issued to themselves without
consideration $2ob,ooo of the preferred and $100,000 of the oommon to him 15,500 shares of the common stock, but that although
stock.- V. 72, p. 393.
the stipulated sum was tendered, the stock was tot delivered
Organization. as agreed, $800,000 new preferred stock being issued inConsolidated C<ttr.n Duck Co.— Permanent
— This company, recently organized to succeed the Mount stead, making $2,000 0D0 of preferred outstanding and
Vernon-Woodberry Cotton Dock Co. and the United States continuing the control in the Holbrook interests.
The company was chartered in 1863. In 1893 the capital stock was
Cotton Duck Corporation, announces the following officers
Increased from $1,200,000 to 54,200,000, divided into S3.0CO.OCO
and directors:
common and $1,200,000 preferred 6 p. o. cumulative; dividends payDirect" rs.— 8. Davles Warfleld, Charles K Oliver, David H. Carroll, able Q-J. The outstanding capital stook is now $5,000,000; par cf
shares $100. 'The writ is returnable to the Common Pleas division
E. Clay Tlmanus, George K. MeGaw. William H. Or. fflln. P. 8. Land
-
street, G. Clem Goodrich, J. H. Wheelwright,
Tre nor L. Park, E. A. Brinokerhoff, Thomas M.
Wellngton, RaU h O. Lnpton.
Richard Cromwell,
Turner, William
fl.
Chairman of Board, 8. Davles Waifleld; President, C. K. Oliver;
Vice- President and Treasurer, D. H. Carroll; Assistant Treasurer, H.
L. Smith, and Assistant Seoretary, C. 8. Green.
Executive Committee.— 8. Davles Wavflnld, D. H. Carroll, George K.
MoGaw, F. 8. Landstreet, J. H. Wheelwright and E. A. Brlnckerhofl.
A
committee of expert mill engineers, having inspected the
plants of the Mount Vernon-Woodberry Cotton Duck Co,,
recently recommended the expenditure" of $1,000,000 for improvements. It is accordingly proposed to make improvements from now on as necessary.— V. 80, p. 2460.
of the Supreme Court of this State on Aug 1, and will be transf srred
to the new Superior Oouit, wblch will by that time be in session." Dividends at the rate of 6 p. o per annum have been paid regularly on
both classes of stook tince 1894.
Houston (Tex.) Elet trie Co.— Cividm's Resumed.— Stone
Webster report that a semi-annual dividend of $3 per share
has been declared payable on the preferred capital stock
Aug. 1, to stockholders of record July 18. The dividends
due Aug. 1 1904 and Feb. 1 1905 were omitted because of the
strike, which ended Oct. 11 1904.— V. 79, p. 1704.
&
Independent Brewing Co., Pittsburgh.— Permanent Cerpermanent stook certificates are being issued
Consolidated (?aa Co., New Yorfc.— Earnings of Subsidiary at the Colonial Trust Co., Pittsburgh.— V. 80, p. 1974.
Company.— See New Ycrfc Edison Co. below.— V. 81, p. 33.
International Text Book Co., Seranton, Pa.— Called
Ccnfolidated Telephone Companies of Pennsylvania.— B nds.—Thirty-one bonds ($31,000) of the Colliery Ergineer
Fonda Offered. The company is offoring at par and interest Co. were recent ly called for payment, interest ceasing July
a block of ita 5 p. c. first mortgage bonds with a stock bonup 1. See V. 79, p. 2799.
of 50 p. c. The author 'zf d bond issue is $6,000,000, of which
Kansas Natural Gas do.— Advene Deciim,— The State
$1,000,000 is reserved to retire prior liens and $2,600,000 is Supreme Court of Top&ka, Kan., handed down a unanimous
stated to be outstanding. For the calendar ypar 1904 the decision that the oompany, as a Delaware corporation, cannot
gross earnings are said to have been $291,000. Total cumber do business in Kansas. An attempt to obtain a Kansas charof telephones Jan. 1 1905 was 12,025.— V. 73, p. 1013,
ter was unsuccessful beoause of alleged over-cspital!zation.
Consolidated Water Snpply Co., Sc aaton.— Sold.— This It is thought that the company may carry on its business in
company has been sold to the Scranton Gas & Water Co. see Kansas through the medium of a local subsidiary corporaTbe Kansas City "Star" says:
tion.
that ccmpany below.
This is the ccmpany which owns a majority of the producing gas
The or mpany was Incorporated in 1899 under the laws of Pennsyltificates.— The
—
;
vania to acqnire the water companies operating in the Lackawanna
Valley, from Forest City to Arohbald. Capital stock authorized and
issued $^00,003. Funded debt, first mortgage S p. o. gold bonds, due
May 1 l»s>9. Authorized issue. $l,000,eoo iesuea, $72' ,000. County
8avings Bark & Trust Co., Scranton, Pa., trustee; also $18*>.000
Lackawanna Water Supply bonds. The water companies absorbed are
stated as follow: Feli Water Co., Clinton Wa'er Co., Jermyn & Rashbrock Water Co, Laobawanna Valley Water Supply Co ftla.y h>ld
Water Co., Panther Cre*k Water Co Rock Cliff Water Co.. Unio'ndale
Water Co., Vlntondale Water Co., Carbondale Water Co and Glenwood
Water Co. Population served about 75,000.— V. 68, p. 1132.
Crucible St' el Co. of Am' rica.- New < fficer
C. C. Ramsey, the assistant general sales agent at New York, has been
elected a director snd Fourth Vice-President to snccsec
ChailfB E. Clapp, who recently resigned. V. 80, p. 1481.
1
;
.
,
—
1
—
Cuyahoga Telephone Co., Cleveland.- New Direc'ors.—
The board having been inoreased from eleven to fifteen mem
new directors have been elected: J. S.
Brailey Jr., Jay K. Secor and W. F, Robinson of Toledo and
Jos. B Hcge of Cleveland.— V. 81. p. 83.
bers, the following
Dominion Ccal Co., Ltd.- Dividend on New Preferred
Stock,— The ccmpany has declared a dividend on its $3,000,000 of new preferred stock for the period from May 12 to
July 31 1905, inclusive, at the rate of 7 p. c. per annum,
payable Aug. 1 to holders of record July 20.
Output,— The company's output of coj 1 for he six months
ending June 80 1905 is reported as 1,367.275 tons, against
1,505,781 tons for the same period in 1904.— V. 80, p. 1915.
Eastern Steel Co., Pottsville, Pa.- New Stei I Plant— Bond
Issue,—The new steel plant of this company at Pottsville,
Pa, has been completed and will go into operation this
month. The company will have an estimated annual output
of about 12O,C00 tons. There have been issued $2 000,000 of
10-year 6 p. c. debenture bonds dated Feb. 1 1905, interest,
Aug. 1 and Feb. 1, p*rfc of an authorized $2,500,000, for the
f
construction of the new plant and working capital.
Directors: August Heckscher, T. I. Crane, J. A. Burden Jr., W. H
Shelmerdfne. C D Wetmore, H P. Whitney. Arthur Turnbnll, W. B
O. Field, E B. Livingston. R E. Jennings. Edmund L. Baylies, A H
Beale, H P. Bronson. J. H. Hammond, F C. Perkins. Wm. D. Sloane
W. S. Pilling and Veryl Preston. New York office, 71 Broadway. V*
79, p. 2645
Equitable Life Asturance Sr citty.— New Lirectors.—M
the meeting of the direotors held yesterday the resignations
of Gen. Louis Fitzgerald, H. C. Deming and F. Q-. Bourne
were accepted and new directors were elected for the terms
ending Deo. 31 of the several years named, as follows :
1905 -Wallace L. Pierce, Boston; Daniel A. Tompkins, Charlotte
N. C; Thomas Spratt, Og«'entburg, N. Y.; Louis Stern, dry-goods merchant. New Yorh; Frank S. Witherbee, Iron. Port Henry, N. Y., and
James MoMahon, President of the Emigranto' Industrial Savlr gs Bank
of Brocklyn.
190 6 -Willis F. MoCook, Pittsburgh, and
Rockland, Me., ex-CorgreBsman from Maine.
Charles E.
Litt'efleld
wells In Kansas.
It has
spent six months constructing a pipeline
from Montgomery County to Kansas City. The oompany i^just on
the point of piping gas into Kansas City, Kan., Lawrence, Topeka,
Ottawa, Olathe and many otht-r Kansas towns, but under the terms of
this deoisioa it must cease ^,ork in Kansas.— V. 79. p. 806.
Keystone C al & Coke Co.— .A ly.— See Latrobe-Connellsville Coal & Coke Co. in V. 81, p. 158. -V. 77, p. 199.
Kings County Electric Li&ht & Power Co., Brooklyn.—
stockholders on July 10 approved the proposition to increase the capital s'ock from $5 000,000 to $10,-
New Stock,—The
See V. 81, p. 34.
Long- Bell Lnmber Co.— Guaranteed Bonds Offered. See
Lufkin (Tex.) Land & Lumber Co. below.— V. 78, p. 1395.
Lnfkln (Tex.) Land & Lumber Co.— Guaranteed Bonds
Offered.— H. C. Barroll & Co., First National Bank Building,
Chicago, are offering at par and interest the unsold portion
of $600,000 6 p. c. first mortgage gold bonds of $500 each,
dated July 1 1905, principal and interest guaranteed by the
Lng-Beil Lumber Co. of Kansas City, Mo. These bonds
have thtir principal and semi-annual interest payable at
Central Trust Co. of Illinois, trustee, Chicago, payable in
series of $25,000 every six months from Jar. 1 1S06 to July 1
1917, both inclusive, but rede; lnable prior to maturity at 103
and acorued interest. Caver property said to have cost in
cash more than double the amount of this issue. A circular
000,000.
—
says in substance:
A first lien on about 51,000 acres of timber lands looated in San
Augustine County, Tex., heavily timbered with long and short leaf
yeilow pine, estimated at 434,000,000 feet, log soate, of unout merchantable pine timber. Also a first lien on the sawmill (oapaolty
200,000 feet psr 24 hours), planing mill, dry kilns, water works and
elei trio-light plants, 1 25 houses, hotel, complete logging outfit, etc.,
all of modern and fliolent design, and fully insured.
Company has capital and surplus of $1,3*9.481. Total authorized
bond issue, $800,000; present Issue, $600,000; the remaining $200,000 may be Issued only in part pajment for additional pine timber
lands adjacent to those now owned at $l 50 per 1,000 feet of additional pine stumpage acquired and made subjeot to the mortgage.
Sinking fund, $2 per 1,000 feet, log scale, for all timber cut and man»
ufactured into lumber.
The bonds are guaranteed, yrluoipal and interest, by endorsement
on each bond by the Long Bell Lumber Co. of Kansas City. Mo , whloh
oompanv owns practically the entire capital stook of the Lufkin Land
& Lumber Co. The Long-Bell Lumber Co. lias done a successful lumber business for the pa^t thirty years. It now owns and operates
several large lumber manufacturing plants in the South; does a large
wholesale lumber business and operates 97 retail lumber yards; has
a paid-np capital and surplus of $*,800,OOf has for many years enjoy* d the highest credit, and is rated at "A.. A. A. 1.," its officers being
Possesses unsurwidely known as most experienced lumbermen.
passed facilities for marketing its product. Compare V. 73, p. 1395.
;
—
AL.ckay Companies.— New Trustees. At the annual meeting at Boston on July 12 the following trustees were elected,
the last three being ne^ :
Clarence H. Mackay, W. W. Cook. George G. Ward (Vice President
of Commercial Cable Co.); DumoDt Clarke (a director of the Commer-
—
July
15, 1905.
THE CHRONICLE.
|
olslCableCo. and President of the Amerloan Exohange Nat. Bank, New
Yoik) and E.iward O. Piatt, Treasurer and Dlreotor of Commercial
Cable Co —V. 80. p. 2462.
Massachusetts ttas Companies.— Reduciim in Price of
Gas to City of Boston.— Tuts subsidiary Boston Consolidated
Gas Co. recently sent a letter to Mayor Collins stating:
The oompinv will famish gas to the publto buildings of the city of
Boston, commencing July 1 1905, at the rate of 79-30 oents per 1,000
cublo feet, and on Jan. 1 1906 the price will be still further reduoed to
71-30 oents. These prices Me a re duotion from the average prloe,
8430 cents, now charged by all the gas oompanles for gas supplied to
olty public buildings. -V. 80, p. 2625.
National Enameling & StampingCo.— Favorable Decinon.
United States Circuit Court of Appeals on Jnne 28tn,
—The
Judge Lacombe writing the opinion, ia the action of tae
National Enameling & Stamping Co. against the New England Enameling Co. of Mtddletown, Conn., upheld the patent
of the National Enameling & Stamping Co., and granted an
injunction and an order for an accounting against the New
England Enameling Co. The decision, we are Informed, is a
very broad one, and finally settles the question as to the
validity of the patent held by the plaintiffs on the manufacture of single coated gray enameled ware, generally known
to the trade as "Royal granite steel ware," and this to the
exclusion of all other makes of gray enameled ware covered
with a single coat. The result not only shuts out the New
England Enameling Co., but several other concerns which
have started within the last two years to manufacture singlecoated gray ware.
The claims of the National Enameling & Stamping Co. against the
New England Enameling Co. and other oonoerns for Infringement of
the patent so upheld amounts to a considerable sum, and In view of
the fact that the New England Enameling Co. has during the oourse of
this Htlgatljn been obliged, under the orders of the Court, to tile with
the Clerk of the Court a weekly memorandum of all goods manufactured and distributed by them, together with a large bond for the proStamping Co. In the event of a
tection of the National Enameling
decision in their favor, will go far toward establishing the indemnity,
both dlreot and exemplary, to whioh the plalntlfts are entitled.
&
The decision likewise makes liable all dealers handling
such contraband goods. It stands to reason that the company will now proceed to maintain its rights a3 adjudicated.
—V.
79, p, 2646.
National Fire Proofing Co.— Sale of Guaranteed Bonds.—
This company has sold in Pittsburgh $1,000,030 of the new 5
p. c. bonds of the Federal Clay Manufacturing Co., authorized issue $2,500,000; guaranteed, principal and interest, by
the National Fire Proofing Co. The proceeds will, it is
said, be applied chiefly to the payment of floating debt,
aggregating about $900,000. The company, however, is not
prepared to make an official statement regarding the matter.
See further particulars in V. 80, p. 2224.
New York Edison Co.— Earnings,— The company reports
to the New York Stock Exchange:
INCOME 0» NEW TORE EDI80N CO. (INCLUDING INCOME FROM ASSOCIATED
COMPANIES; FOB FIVE MONTHS ENDING MAY 31 1905.
Gross earnings
Net earnings
—
.
$5,035,395
2,469,294
l
|
Int. on bds. & float, debt $826,831
Surplus for the period.. .1,642,463
Compare V. 81, p. 35, 29.
New York & South Brooklyn Ferry & Steam Transportation Co. Sinking Fund Commissioners Authorize Purchase
of Ferry.— The Commissioners of the Sinking Fund of the
City of New York adopted unanimously on June 23 the following resolution relative to the acquisition by the city of the
Tnirty- ninth Street Ferry
Resolved, by the unanimous vote of the Commissioners of the Sinking Fund, upon the recommendation of the Commissioner of Dooks.
that the interests of the city of New York will not be best promoted
by leasing the franchise of the ferry from the foot of Whitehall Street,
Ma:.hattan, to Thirty-ninth Street, South Brooklyn, in the manner
provided in the Greater New York charter; and It is resolved, by the
unanimous vote of the Commissioners of the Sinking Fand, to acquire
the necessary real estate, property, plant or equipment for suoh ferry,
including the necessary terminal facilities ana approaches upon the
waier-fiont in the Borough of Manhattan, and to provide for the
maintenance and operation thereof, under the supervision of the
Commissioner of Dooks, in the name of and for the benefit of the Olty
of New York, upon a plan to be devised by him and approved by the
said Commissioners of the Sinking Fund.— V. 78, p. 50.
Nlpe Bay Co., Cuba.— Financed.—This company, organized in 1900 by persons interested in the United Fruit Co.,
has, it is announced, placed its issue of $2,000,000 7 p. c. noncumulative preferred stock, which was offered for public
subscription last January. Tne authorized common stock is
$5,000,000; par of shares $100.
Contracts were recently
let for a large amount of machinery for the sugar refinery
which is to be bnilt by the company at Nipe Bay. The
plant, it is said, will be one of the largest on tne island.
The advertisement, which appeared in the "New Orleans
Daily Picayune" of Jan. 13 1905, contained the following:
The company has been organized by Boston capitalists identified
Wltk the United Fruit Co. to exploit and cultivate 130.0JO acre* of
the finest Cuban eagar lands, situated on Nlpe Bay, on the north count
:
This land Is adjacent to the sugar properties of the Uuitel
Fruit Co. and will be under substantially the same management. I
is proposed at this time to place In cultivation 27,000 acres of this
tract and erect a sugar-house oapable of handling anil converting
5,000 tons of oace dally, with an output of 450 tons of sugar eacli daj
Based upon the experience of the United Fruit Company Baiihs plantation adjacent to this tract, it is almost certain that the lnveMiin. nt
will prove prcfltabie. Subscribers to preferred stook will pay for sauin
In seven monthly, instalments at $95 per share, and will receive 10
p. o. bonus In common stock on payment in full of subscriptions.
Subscribers wUl reoelve convertible gold notes, bearing ft p. o. interest
the first year and 7 p. c. the second year, Interest payable semiannually for the face value of eaoh payment of their subscriptions.
These notes at par will be exchanged for certificate* of preferred
stock at par on Jan. 1 1907.
of Cuba.
The proceeds of this Issue of preferred stock, It is said, will
provide for the building of the first third of the oompany's
215
A Boston paper says: "An issue of $1,600,bonds at 97>.^ is provided for not later than Januand a similar amount will be offered a year after-
proposed plant.
000 6
p. o.
ary 1906,
wards." President is Andrew
United Fruit Co.— V. 71, p. 88.
W.
Preston, President of the
Oklahoma [City] Gas & Electric Co.— Offering of GuaranBonds -Far n lugs.— See People's Gas Light & Fuel Co.,
Oklahoma City, below.— V. 79, p. 2151.
(Neb 1 Electric Light & Power Co.— Bonds
Oim.hii
tted
Offered — N. W. Harris & Co., Chicago. New York, Boston,
and Perry, Coffin & Burr, Boston, are offering at 102 and interest, by advertisement on another page. $l,2CO.O0O firBt
mortgage 5 p. o. gold bonds, dated July 1 1903 and due July
1 1933, but redeemable at company's option at 105 and interInterest payable Jan. 1 and
est on or after July 1 1908
Jaly 1 at Old Colony Trust Co,, Boston, trustee. "The company controls the entire electric light and power business in
Omaha and South Omaha, Neb., with the exception of a
small amount of power in Oaiaha, and, by ownership of
stock, controls the entire gas, electric light and power business in Council Bluffs, Iowa, serving a population of about
These bonds are, in the opinion of counsel, a first
170,000.
mortgage on all the property, rights and franchises of the
company, and are also a first lien upon over 99 p. c. of the
&
Electric Co. of Council Bluff i."
stock of the Citizens' Gas
President Frederick A. Nash on July 10 1905 wrote:
Capitalization: Capital stock, preferred. Issued, $491,800; oommon,
Issued, $2,007,500; tiret mortgage bonds, issued and outstanding
$1,580,000. Earnings for year ending May 31 1905: Gross reoelpta,
$379,187; operating expenses and taxes, $254,519; net earnings
$124,668; bond Interest, $73,979; surplus, $50,689. An arbitrary
charge of $40,000 per annum against depredation is carried In operating expenses and taxes; otherwise the net earnings would be more
than doable the interest charge. The company sh.>ws an increase in
exoess of 13 p. o. in Its gross receipts over the twelve months preceding and for the first five months of the calendar yeir an lnorease of
17 p. c. Central station of brlok and steel oonstruotlon, having an
electrical output in excess of 5.000 horse power. The distributing
system includes a reoent investment of approximately $250,000 f >r
underground oonstruotlon in the business aistrlot. Upon the absorption or the South Omaha Co., it extended Its high-tension olroults to
that olty and constructed there a modern sub-station which derives
Has oontraoted to proits power from the central station in Omaha.
vide street lights for Omaha until Dec. 1 1908 and for South Omaha
1909.
ULtil Oct. 26
Total authoriz sd issue of bonds $3,000,000, of whioh $1,580,000 are
now outstanding. The balanoe of $1,420,000 may be issued for 80
p. o. of the oost of permanent improvements, and then only provided
the net earnings are one and one half times the interest charges on all
the bonds outstanding, inoludlng those proposed to be Issued, with
the exoeption that esorow bonds may be issued in exchange, dollar for
dollar, for the underlying bonds of the Counoll Blair i Co. Annual
sinking fund from Dec. 31 1908 to Deo. 31 1931 5 p. o. of gross earnings, the bonds retired therewith to be kept alive and their interest
added to the sinking fund. [See Citizsns' Company in V. 80, p. 2460.]
Directors: Frederick A. Nash, Western Traffic Manager Chi. Mil.
St. P. By. Co.; George W. Holdrege. Gen. Man. Burl. & Mo. River RR.
Co.; Henry W. Yates, Pres. Nebraska National Bank of Omaha; O. E.
Yost, Pres. Nebraska Telephone Co.: Guy C. Barron, Pres. Omaha
Counoll Bluffs St. Ry. Co.; Edward W. Bart. Gen Man. Council Bluffs
City Water Works Co.; George E. Claflin, Vice Pres. Omaha El. L <fe P.
Co. The oompany and its predecessor have been in successful operation tor more than 15 years. The stock is largely owned by Interests
closely identified with the General Electric Co., and by prominent
men in Omaha.
.
&
&
"The franchises of the company in Omaha are, in the
opinion of our counsel, unlimited in time and satisfactory
from a business standpoint."— V. 80, p. 1975.
Pennsylvania Central Brewing Co. —Second Dividend.—
This company, with headquarters at Soranton, has paid a
second dividend of 2 p. c. on the outstanding preferred stock.
Capital stock authorized and Issued, $2,800,000 eaeh of oommon
and 8 p. o. cum. pref. (par $100). Dividend No. 1, also 2 p. c, was
paid Jan. 2 1905.
There are outstanding about $2,450,000 first
mortgage 6s due 1927 of au issue of $2,800,000 reduoed by sinking
fund to amount named; Interest payable April and October at Fidelity
Trust Co., Philadelphia. The oompany was organized In August 1897,
under the laws of Pennsylvania, as a consolidation of itwelve brewing
companies located at Soranton, Wllkes-Barre, Carbondaie, Plttston,
Hazieton, Diokson City and Honesdale. Pres., Charles Robertson;
Treas., A. J. Casey; Sec, W. G. Harding. Offlae, Soranton, Pa.
Pennsylvania Steel Co. Bonds Authorized.—Tne stockholders on July 10 approved the proposition to issue $1,500,OjO new bonds to cover the cost of new by-product coke
ovens, on which they are to be secured. The bonds will
bear $% p, c. interest and mature $150,000 yearly for tea
years.
mortgage securing them has been made to trie Girard Trust Co. of Philadelphia as trustee.— V. 80, p. 1975.
A
People's Gas Light & Fuel Co., Oklahoma City.— Bond*
Offered.— Rudolph Kleybolte & Co., Cincinnati, Chicago and
New York, are offering at par and interest $150,000 first
mortgage gold 5s, of $1,000 each, guaranteed principal and
by the Oklahoma Gras & Electrio Co. (V. 79. p. 2151).
Bonds dated April 1 1905, due April 1 1920, callable at 102
and interest after April 1 1907.
Interest payable Apr. 1 and
Oct. 1 at American Trust & Savings Bank, Chicago, Trusinterest
A
circular si\e:
r.
Cai-italization.— Capital stook, authorized and issue d,
first mortgage bonds, authorized and Issued (oloseii mortgage), *i.">0.000. Company li owned and operated by the Oklah im i Gas A El
trio C.)., which oontrols all the lighting business In Oklahoma ny.
The plant of the People's Company Is new and maderu. and has a
capacity of 200,000 oublo feet every 24 hours, i'hi following are the
earnings of the guaranteeing oompany for the year ending M*y 31,
1905: Gross earnings, $151,542; net earnings. $74,550; int.f
Light A Fael Cj.
charges. $39,150; interest on $150,000 People's
5s, $7,500; balunoe, surplus, (27,900.
The franchises are broad and liberal; thoce of the guaranteeing
oompany running nntll Feb. 17 1923; of the People's Oompany until
Aug. 24 19'J4. The city lighting oontraot. running nr.Mi U»2J. no*
engages 180 lights at $72 eaoh, which will be increased by about .">0
shortly. The guaranteeing oompany also furnishes all the power
the street railway oompany at a monthly on irge totallog about
$18,000 rer annum.
tee.
<
On
THE CHRONICLE.
216
[Vol.
lxxxl
Profits on 3.000,000 tons at
Pope Tin Plate Co.— Second Dividend.— Dividend No. 2,
1*4 p. a, was paid July 1.— V. 78, p. 1910.
S< ran ton €Us & Water Co,— Acquisition.— This company
34 cents
Interest on *2,S00 OoO bonds at 6 per oent
Singing fund to retire bonds
Dividend on $1,562,375 preferred stock at 6
en July 1 acquired all of the $600,000 cap! >al stock of the
Ccnsolldated Water Supply Co. operating in Carbondale
and vicinity. See the Consolidated Company below.
The Scranton Gas & Water Oo. was Incorporated in 1854 under the
laws of Pennsylvania, and it owne extensive plantp nnrp'y'riK easand
wa'er In Bcranton, Hyde Pork, Providence* aid Dnr more, Pa., ami
Water to Oyihant. Arohbald, Peohvllle. Dlobeon City »nd Biatae-
For payment of dividend on common stock and surplus ao't. $626,258
No account has been taken in these estimates of the Increased selling prloe of the ooal dne to theeilmlnatioa nf Internal competition.
OFFICERS AND DIRECTORS.
vlle.
Pa
'1
$2,500,000;
capital stock Is $4,010, <0< authorize; outstanolrK,
ar of shares, $26. The bonded debt aggregates $2,619,-
tie
j
fico. and inoiudes:
First morrgage, 5 p o.. dne 1923, bat suljeot to call at
x$l,000,000
par and Interest after Jan. 1 1908
Purchase money mortgage, p. o dne 1920, bnt snbjeot
to oxl at par and Interest after April 1 1910; Interest
April and October; first mortg. on pre perty of former
r>
,
I
Provldenoe Q-s
& Water
X600.000
0<>
Driieniures of 1*k7, dne 190*7 (l«sue $4o0,000. reduced
from earnings to $130,000). Interest Jao. and July
Debentures of 1900, t> p. c, dne 1930, bat sntjeot to
call after Aorll l 1010; Interest April and October
Meadow Brook Water Co first morf., p.o due 947, subHie to call at par after Apll I 1P27; Int. April and Oct..
Arobbald Water Co., 5 p. c, dne Deo. ly27, bat sabjeot to
•">
130,000
aclOO.OOO
<
,
x400,000
40.000
call atp»r
Olyphant Water Co, 5
to call at 105
p. o.,
dae Deo., 1927, bat sabjeot
49.S00
x Trustee is Lackawanna Trust & Deposit Co.. Scranton, Pa.
est payable at First National Bank, Scranton.— V. 70, p. 898.
Inter-
Southern Textile Co.— Sale July 25.— This company's propbe s>ld at auction on July 25 at Nos 113 to 115
Leonard St., New York, free from all Hens, under an order
ist-ued in the bankruptcy proceedings pending in the Dis'riot
Court of the United States for the Southern District of New
erty will
York.—V.
79, p. 2751.
( William R.) Trigg Shipbuilding Co., Richmond, Ya.—
Sold.— At the receiver's sale at Richmond on Julv 10
|350,000 was bid for the property as a whole and $H68,<00 for
It in parcels, as follows:
For the machinery, $108,< 00, by
the Frank Samuels Co. of Philadelphia; for the land and
buildings, $175,010, by H. G. Lloyd of Pniladelphia; for the
dook, $85,000, by J. C. Brown of Brown Brothers & Co.,
Philadelphia.— V.
81, p. 86.
United Copper Vo.— Common Dividend Nt. 1.— The direc
Monday declared a
%
regular dividend of
of one
of one per cent, making
per cent and an extra dividend of
1 per cent, or $1 <0 per share, on tbe $45,000,000 common
stock, payable Jnly 31 1905 to holders of record Jaly 20
Dividends at the rate of 6 p. c. per annum have been paid
regularly on the $5,000,000 preferred stock since Nov. 1 1902.
tors on
—V.
first
%
81, p. 36.
United Fruit Co.-See Nipe Bay Co. above— V.
80, p. 1427.
Yandulia (oal Co.— Consolidation.— This company was
incorporated under toe laws of New Jersey on Jiiy 5 for the
purpose of owning, the prospectus says, "19,426 acres of
best Indiana coal lands, tog-ther with 3,061 acres of surface
and 27 operating plants, Laving a capacity of 18,101 tons a
day, and to operate under lease from the Gfrantte Improvemet t Companv (the holding company of the Vandalia
)
RR
-
9,046 acres urd-veloped coal lands,'
Tne company's authorized capitalization consist* of $3,000,m of 6
000 of common stock in shares of $100 each; ja
preferred ;stock; and $3 Ouo 0U0 first
p. c. cumulative
mortgage 6 p c. gold bonds of $1,000 each [an absolute fis'
lien on 19,426 acres of coal lands with all improvements
thereot ] dated Jolp 1 191-5, due July 1 1930; interest semiannually; principal and interest tax free; sinking fund 5c
per ton of coal mined and shipped; trustee, Union Trust Co
of Pittsburgh. For the purpose of providing for ca-h payment
on the property taken over and working capital, it is proposed
to issue at this time $78 <, 187 common stock, $1,562,375 referred stock and $2,5(0,000 bonds.
The remaining $500,
000 bonds can be issued only for new property on approval of
trustees. The Union Trust Co. of Pittsburgh, it is understood, has underwritten the bond it sue.
The prospectus further
says in subs ance
r
:
p.
393,742
Alfred N. Ogle. President, J>bn MoFadyen. Vloe-Pre»ident; Frank
Chairman Finanoe Committee and Treasu'er, and Wlllard
W. Ilo.r.b»rd, ail of Ioniaoap-lls; W. J. Snvder. B'Uli, Cnd W. W.
Ray and John L Crawford of Terre Haute. Ind
P. R>-nd, Chioago;
W. H. Lonner, Pittsburgh, Pa. General office, Indlanapoile, Ind.
L. Powell.
;
W
;
Daring tne past four years there has been an increase of
c. in the prodooiion of coal in Indiana, promising, it
thought, a constantly growing demand for the company's
nu'put
"3 p.
is
—
The July e iition of the Hand-Bonk of Railroad Securities,
compiled by the publishers of the Financial. Chronic e, is
now ready, The book contains in a small compass very full
information concerning the various railroads and the leading
industrials whose seonrities are dealt in on N*w York, Boston
and PDiladelphia Stock Exchanges. Ic shows their earnings,
dividends, etc, for a series of years, present fixed charges,
and also the amounts of the different issues of bonds outstanding, their rates of interest, etc. There is also given the
monthly range of stocks and bonds for 1904 and to July 1
1905, together with a vearly range for six years.
Price one
dollar, or to Chronic e subscribers, seventy-five cents.
Copies may be obtained in London from Edwards & Smith,
Drapers' Gardens and
Monadnock Blook.
1
in
Chicago from P. Bartlett, 513
—Mr, Thomas J. Nugent, Certified Public Acoountant of
this city, invites the attention of investors to the offering
for sale of $400,(0) 7 p. c. pref. capital stock of the Consumers Park Brewing Co. This company now owns four
breweries and proposes to acquire others. The present sales
promise a profit of over $100,i 00 per annum. The concern is
capitalized for $1,000,000 ($5u0,0C0 preferred and $500,000
common stocb). Its assets, with all depreciations charged
ff and not including good-will, are $',850,000, while all the
liabilities (including bond indebtedness of four breweries)
are $900,000, leaving a net worth of $950,000.
Particulars of
this offering can be bad from Mr. Nugent, Times Building,
Times Square, New York City.
Linman & Compsny, 30 Broad Street, comment as
"Tne bond market during the roast week was somewhat more active on account of som- July investments, but
— F. J.
follows:
promises to lapse in' o the regular summer dulness. There
oas been a very fair demand for our various bon is paving 5
p. c. and better, especially for the Colorado Springs & Cripple Creek District 5s, which are an uoderlyiog Colorado
Southern bond Issue, and which we are offering to pay 5 p.
This is unusually attractive, of course, in view of the
c,
'act that the road itself is earning about double its interest
charges."
—Shoemaker &
Bates, bankers, 24Bro<sd Street, New York,
circular, discuss in some detail the following convertible bonds and the features that nuke them atUnion Pacific RR. first lien and
tractive to investors, viz
Santa Fe RR. conAtchison Topeka
convertible gold 4a
vertible 4s of 1955; Delaware & Hndson Co.— Albany
Susquehanna
Co. new 40-year 3J^ p. c. gold hoods
Pennsylvania RR. convertible 3^s dated Nov. 1 1902, also
convertible 83^3 dated Ojt. 2 19u5; Brooklyn Rapid Transit
Co. first ref unalng mortgage gold 4s.
in their
Juk bond
:
&
;
&
RR
;
—
" Washington Securities " is the title of a book compiled
and published by Messrs, Thomas L. Hume and Eugene E.
Thompson of Washington, D. C. This book gives useful
information regarding the securities dealt in on the Washington 8tock Eschange, with a complete record, by months,
since January 1 1900 of sales and price ranges. It should
orove convenient for reference by bankers, brokers and Investors.
proposed to take over the following ooal companies, all of which
are located on tbe line of the Vai.daila RR. la Cay, Gieene, Sullivan,
Vigo a> fi Knox counties, Ind.
Island Coal Co.; Johnson C< a! Co.; Indiana & Chicago Oal Co South t inton
Coal Co.; Enterprl-e Ci'al Co.; Islnnd Vallev Coal Co.; While Kose Coal Co.;
It is
;
Sntrley Hill Coal Co. (in part); Su-tur Creek Coal Co.; 8eele>vllle Coal Co.;
Greenfield Coal Co.; M install Coal Co
Raccoon Valley Coal
.;
Ashervilie
Coal Co ; Hutu Coal Co L st Creek Coal Co.; Zellar & McClellan Coal Co.;
O
;
;
Granite improvement oo (lease).
Tbe toiai acreage owned and controlled by contract is 28,472, the
greater part cntainlng from two to Ave workable veins of coal and.
as shown l>v ocmpietei drilling*, approximately 484.683,500 tons of
ooal, or eufflotent, if mined at tne rate of 4.000,000 tons per year, to
last for 12. yeurtt. By reason of Its nearness to the various maikets
the large variety and exoellence of Us oo*u, ant the saperioritv of its
service, and with the largely Increased facilities in the way of additional care aLd tracks wnloh it i< providing. th« Vandalia RR snoulo
haul from the mines on its own Hi e not less than 60 p. o. or tbe o >al
used in Indiana, or a total of i,t>31,047 tons. Through its Chicago
and Peoria connections by a little effort it ought to secure 25 p o. of
the tonnage used ontslde of the State, or 76 ,814 tuns, making a
grand total of tonnage tributary to the lines of the Vanaalia RR. of
a,»»2,8&8 tons.
The mines which we are considering produce about 8*> p. o. of all the
ooal mined on the Vandalia RR., and in 1904 produoed aLd niarketeo
approximately 2,000,000 tons of ooal, the average cost of production
and selling being 78 cents; average selling prion. $ oo; net profit per
ton, 22 ounis: total profit for year i904, *-»40 OOO.
With an output of 3,000,000 tons per year nnner a concentrated man
agement and with machinery replaoing pu-k- [in i9i 4 til p. o. of thcoal mined in Indiana was mined with picas], the estimated profits
i
for lyott are:
$1,C20,C00
$150,000
150.000
93,742
c.
—
R. H. Goodell & Co. of Chicago announce that they
have opened a New York office at 15 Broad Sreet (Mills
Building) und^r the management of Mr. A. L Davens Jr.,
formerly identified with Messrs, Bond & Goodwin of Boston,
Messrs. R. H. Goodell & Co. make a specially of dealing in
nigh grade investment securities, including oorporation
and railroad bonds, commeroial paper and corporation
loans.
— T. W.
Stephens & Co. are offering Northern WestchesLighting Company first consol, mortgage 5 per cent 50year bonds. The compacy operates in Westchester County,
N Y., supplying Oasinlng, Croton, Courtlandc, Mount
ter
Pleasant, Briaroliff Manor and Pleasantville,
The Jaly issue of the well-known Pocket Marual of the
Bostoo stock market has been issued by F. A. Raggles, 53
The figures are confined to actual
State Street, Boston.
public quoted sales.
Co., bankers and brokers, Pittsburgh,
—Morris, Brown
Pa., are distributing among their friends and customers
oopies of the 'Quarterly R-cord" of Pitsburgh securities, a
very convenient and comprehensive publication,
—
&
— Rhoades & Company, 7
Wall
Street, are offering
investments netting 3 65 to 4'85 per oent.
a
line.of
J
.
THE CHRONICLE.
3\ i.v 15, 1905.
xiJ
COTTON
3?hc (Dommevcuxl Times.
loMMERC IAL EPITOME
Friday Night, July
14 1905.
Over a considerable area of the Eastern section of the
country a period of unusually warm weather is being experienced and has had a tendency to intoneify the usual
qaiet conditions existing in mid-summer. Manufacturers
and dealers as a general rule have reported few new
transactions, but there has been a fair amount of activity
to the retail trade. The future prospeots for business have
continued to be reported generally favorable. The monthly
report of the Government's Agricultural Bureau, leaned
during the week, foreshadowed good yields from all the grain
crops, and had an encouraging effect. In the iron market
an improving condition of business has been reported, and
the steel market h»s held steady to firm, with a good de-
mand
7
Fbidav Night, July
14 1B05.
The Movement op the Chop
as lndloated by oar telegrams
from the South to-night is given below. For the w^ek ending
this evening the total receipts have reaohed 81,598 bales,
igainst 62.152 bales last week and 72,894 bales the previous
we«»k, making the total receipt* slnoe the 1st of Sept. 1904
9.578,639 bales, against 7,074,373 bales for the same* period of
'9<>8-4, showing an increase since 8eD.l, 1904, of 2,496,28ft bHles.
HeeeipU at—
Hon.
Sat.
Galveston
PtAxthur,<ko
Blew Orleans..
Mobile
Pensaoola, &o.
2,887
Wed.
rue*.
1,628
TKur$.
982
7,095
trx.
Total.
8,799
8,458
1,374
1,002
2,084
1,769
8,018
2,234
2,196
283
306
277
465
238
19,799
818
11.700
8,571
Savannah.
Bronaw'k, Ac
2,328
2,528
5,355
2,584
4,060
6,592
22,147
Charleston
Ft. Royal, <fco.
Wilmington....
1S1
475
659
449
336
809
416
2,516
400
1,922
485
588
3,183
928
6,441
2,284
1,944
3,148
1,227
• ***•
2,448
2,708
18,748
155
*•
818
......
809
Waahton,&c
for structural shapes.
Lard on the spot has continued to meet with a light demand, both refiners and exporters being small buyers, and
there has been an easier tendency to prices. The close was
steadier at 7'30o. for prime Western and Q'15c. for prime
Refined lard also has been quiet and slightly easier,
City,
closing at 7 85c. for refined for the Continent. Specnlation
in lard for future delivery has been moderately active, Packers have been sellers and there has been an easier tone. The
close was steadier.
DAILY CLOSING PRICES OF LABD FUTURES Uf CHICAGO.
Tuts.
Wed.
Ihure. Fri.
Mon.
Sat.
7-10
702»«
705
697Vi 702ia 706
Julydel'T
717J* 7'20
7-10
7-221*
720
7 30
Sept. del'y
7-30
735
T11H 7 i42Vi 7'27i«
1-21H
Oct. delivery
Pork has had a limited jobbing sale at steady prices, closing at $13 5C@14 25 for mess, $18@15 50 for short clear and
|15@18 for family. Cut meats have been quiet and prioes
quoted are 6c. for pickled shoulders, 103^@103^c. for pickled
hams and 7%@9^o. for pickled bellies. 14@1U lbs. average.
Beef has been quiet but steady at $10 50@ll for nuss, $12@
12 50 for packet, $13@13 50 for family and $21@25 for extra
India mess in tcs. Tallow has been unohanged and steady at
4^c, Stearines have been quiet and easy, closing at 8c. for
lard stearine and 7@7^c. for oleo stearine. Cotton-seed oil
has been mederately active and steady, closing at 28}£c. for
prime yellow. Butter has been in fairly brisk demand and
steady, closing at 17(2 21c. for creamery. Cheese has been in
better demand and firmer, closing at 8%@9^£c. for State
factory, full cream. Fresh eggs have betn firmer on decreased receipts, closing at 18j>£@19c. for best Western.
Brazil giades of coffee have been more firmly held. The
trade demand has shown a tendency to broaden, and wirh
Brazil holding nrm for new-crop coffee, prices locally have
advanced, closiDg at 8^c. for Rio No. 7 and 8%@8,%c. for
Santos No. 4. West India growths have been in more active
demand and values have hardened slightly, closing at 93^@
9%o. for good Cncuta and lie. for good average Bogota.
Speculation in the market for contracts has been quiet, Brazil advices have reported that the July receipts at Rio and
Santos will fall short of early estimates. Europe has been a
limited buyer, and there has been some covering by shorts.
The close was higher on Wall Street buying.
Following were the closing asked prices
July
6*85o. Oot
7*10o. Jan
^.. 7-35e.
6-900. Nov
Aug
745c.
7-20c. Maroh
Bept
7-OOo. IDeo
7'60c.
7-30C. May
BTorfolk
N'p'tNews.Ao.
New
228
98
York.....
121
Boston
Baltimore
••
*•»••»*
*e
228
287
63
26
58
26
week
this
68
•""•>
Phlladelp'a,
Tot
156
10,547 10,864 18,825
8,126 15,504 17.782
81,598
The following shows the week's total reoeipts, the total since
Sept, 1 1904. and the stocks to-night, compared with last year,
1904-05.
Receipt $ to
July 14
This
week.
1903-04.
Since Sep.
1, 1904.
This
week.
Stock.
Since Sep.
1, 1903.
1905.
1904.
,
:
,
I
Galveston...
Pt. Ar.,Ao.
......
902
Wilmington.
6,441
Wash'n, &o.
Norfolk
13,748
N'portN.,&o
155
New York...
228
Boston
287
363,273
122
743,421
25,795
32,627
77,340
61,589
12,995
Royal,
<bo.
sugars have been depressed by weaker advices from
European Deet-eugar markets, but the close was steadier at 4c,
2,253
6,921 1,978,122
58,374
9,328
62,446
48,033
2,613
5,590
16,232
11,201
287
27,607
5,276
581
198,980
......
132,479
1,433 1,139,161
120,760
17 165,294
1,282
75 821,258
336
472,937
748
215
219
375
123
30
21,700
18,030
30,527
30,087
14,327
540
924
......
133,161
3,613
61,938
2,562
8,398
3,242
710
916
9.903 7,074,373 383,788
81,598 9,573,639
2,635 bales added as oorreotion of reoeipts since Sept. 1.
141,084
63
26
Baltimore.
Phlladel.&c.
.
Totals
*
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Receipts
at—
Qalves'n, &c.
1905.
1904.
193
4,344
News, &c.
All others...
1,403
17
75
748
216
747
wk.
81,598
9,903
Orleans
Mobile
Savannah...
Ohas'ton, &e.
WUm'ton, *c
Norfolk
N.
1908.
1903.
166
20,617
11,700
2,571
22,447
2,516
6,441
13,748
155
New
I
Raw
74,428
818
289,140
New Orleans 11,700 2.690,113
Mobile
2,571 *317,319
P'saoola, Ac.
199,776
Savannah... 22,447 1,767,985
Br/wlok, &o.
809 196,596
Charleston..
S.516 216,476
P.
166 2,335,014
104,029
19,799 8,678,200
5,921
1901.
|
1,568
16,180
10,470
105
6,787
102
18
224
47
1,245
8,843
1,048
5,955
1900.
1,094
12,806
3,798
4,918
2,500
47
18
80
95
214
398
666
763
384
462
3.713
13,535
6,127
6,004
581
1,438
14,416
49,576
40.879
4
921
8,228
for centrlfngals, 96-deg. teat, and 8%c. for muscovado, 89deg. test. Refined sugar has been quiet and easier, closing
at 5 20c. for granulated. Other staple groceries have been
Tot. this
qniet.
The exports for the week ending this evening reach a total
of 63,447 bales, of which 48,658 were to Great Britain, 4,806
to France and 15,488 to the reit of the Continent, Below
are the exports for the week and since Sent. 1. 1904.
Kentucky tobacco has continued
to be firmly held and the
limited sales made have been at full values.
Seed-leaf
tobacco has had a slightly better sale; offerings have been
light and prices have held firm; sales inclnde 400 cases 1902
03-crop Wisconsin and 800 cases 1908 crop Zimmers Spanish.
Sumatra tobacco has been firm and several large trades
are reported pending. Havana tobacco has been in steady
demand at firm prices.
Foreign advices have reported stronger markets for Straits
tin and the local market has been firmer in sympathy, closing at 81-55@31-75c. Ingot copper has been in fairly active
export demand and prices have been firmer, closing at 15'00@
15 10c. for Lake and 1500@15'05c. for electrolytic. Lead
has been in fair demand and firm at 4'55@4 60c. Spelter has
been firm at 5-85@5 40c. Pig iron has had a better sale,
closing steady at $1550@16-00 for No. 2 Northern and
$14 75@15 00 for No. 2 Southern.
Rented petroleum has continued fairly active and steady,
olcstug at 6'90c. in bbls., 9'60c. in cases and 4c. in balk.
Naphtha has been steady at lie. for 71 degrees and lie. for
78 degrees. Credit balances have been steady, closing at
127c. Spirits turpentine has been qniet and easier, closing
at tOJ^c. for machine bbl.
Rosins have had a moderate sale
at steady prices, closing at $9 50 for common and good
strained. Hjpa hive be :n in slightly bn ter demand and
steady,
Wool has been fairly active and firm
Slnoe Bept 1 9573,639 7074,373 7621,639 7407,316 7466.162
Mvportt
from—
W$th Endint July 11 .1900.
BxporttA to—
Ortal
Franc*
flrit'n.
n$nt.
......
•••••
18,010
......
1,878
0,818
4aTannah ......
irnmwlok
•••••
••••••
Charleston....
Port Royal ....
•
1006
01,3:15
97,601 1,084.010 860.15b
70.100 13,327
H0.8OB 82,179
307.300 1.244.183
168, lm
0,046
61,180
815.3UI
6,017
• • t
Total.
150.(63
71.017
77.006
0,661
160.016
.'U3.24H
".HO
92.760
100
80,180
8.407
8.27W
i
i i-
IA468
603.su
9O3.M0
5<K4
87 917
171.910
CM
02,110
8,879
......
•••*
Wilmington...
Norfolk.
B'port N., Ac.
•••••
......
661
•••••a
•
. . . •
Sew York
•• •*
176.510
137
80976
• • •
1,686
0,727
31*,5'I2
100
1,473
1333
1.1^3
UtSM
N
1B9.3MI
0(0
060
4
07.538
Philadelphia..
an fran., *c.
8.S85
i.i.fi^
Total. iOOd-G4.
U July 11.
070.177 9.100.700
109 010
168.101
015,861 2.860.149
61.423
171,010
09.12P
106.108
•••••<
Mil
1001.
Continent.
••••••
Orlaani..
Mobile
Panaaoola, *o.
1.
ExporUd to—
lotal
Great
France
Wt*k. Britain.
,.•••
New
8491.
10,111 1,220,867 806,786
Conti-
18,111
Pt- Arthur. 4c.
from
4
•»
1
16.4P3
7.sm
810.855
8.M60
08.147 X.H--
Ot
n
"'*i
n--i t
509
s
,,.«;.
:i
..•!«.*.-
4.717
»
i'J.-'.'.l
THE CHRONICLE.
2J8
FOTUBES.— -Highest, lowest and closing
S?
S
2
1
B
f*
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
•g
So
e Tj
Ki
•
.
I
•
Other Ooattmany. For'gn wite.
6,900
2,340
..
Charleston...
4,530
900
607
375
"2*0*6
Mobile
Norfolk
3*000
s'afoo
New
3~606
7,000
"500 "800 i'obo
York....
Other ports .
Total 1905..
800
48,893
49-270
38,293
8,760 21,972
607
1
4.983
6.775
16,138
5,900
8,300
12.469
127.661
20,667
299,639
1
9
2.5ft 3
84,099
15,138
600
28,992 10,600 13,785
14,481
25,158
7.740
1
1
1
1
1
9
1
Total 1904..
Total 1903.
6,403
944
338
8,497 4,230
3,118 13.388
4,281
180
18.411
17,958
MO
OO
©on
1
@
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Mi-
OO
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MM
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*-•OS
O
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125,673
209,661
t^f
a rr*
prices at
<r»:
•
•
•
I
•
°i
co
'
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00
COO
VI Ol
•
•
?*:
sH
•
?fcT2*lBS
««: 7«: B&:
•}*:
1
•
•
1
•
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.
•
•
•
•
•
•
•
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•
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422
1,494
1,256
4,600
7.194
2,451
—'AS
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at-
•
1
5.871
10,021
B-S
"
ilock.
Ger-
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a
Leaving
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Galveston.. ..
Savannah..
1
1
ON JHIPBOABD, NOT CLEARED FOB—
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Britain Fr'nce
Vol. lxxxi.
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to
ex
accounts, and under the large offerings that came on the
The Visible Supply of Cotton to-night, as made up by
market prices declined rather sharply. Daring the late
trading support was given the market and prices were bid cable and telegraph, is as follows. Foreign stocks, as well
up, the close being firm at a net loss for the day of only 4 to as the afloat, are this week's returns, and consequently all
11 points. Cotton on the spot closed lower, with middling foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
uplands at 10'40c.
On the basis of the rates on and off middling as established (July 14), we add the item of exports from the United States,
by the Revision Committee, the prices for a few of the including in it the exports of Friday only.
1905.
1904.
1903.
srrades would be as follows:
1902.
1
1
1
1
1
l
1
1
1
1
1
1
1
'
4
|
l
'
1
1
1
1
1
'
1
-
>
1
1
'
1
I
1
'
1
1
1
1
1
1
;
1
1
1
1
1
1
'
1
1
'
'
1
1
I
'
'
1
1
'
1
I
1
'
ip>
ta»
1
1
1
1
,
j
'
!
1
1
1
1
Good Ordinary
.......
Low
Middling
Middling
Good Middling
Middling Fair..
..
Frl.
9 90 10-30 1000 1000 9 80 940
1052 1092 1062 1062 1042 10t
10-90 1130 1100 11-00 1080 1040
Sat.
Good Ordinary.
Iff
on Tuei
Wed
TS&.
Frl.
1105 9-65
1067 1027
1125 U-25 1105 1065
li-69 11-69 11-49 1109
1221 12-21 1201 1161
10-55 10-25 10-25
10-77 11-17 1087 10-87
1C15
Low Middling..
MlddUng
Good Middling.
11-55
|| 15
li-59 11-99
1211 12-51
Middling Fair.
STAINED.
Sat.
Low Middling...........
9-40
10-40
Middling
Low Middling
Tinged..
Tinged........
Good Middling
Th.
Iij.34 11-74 11-44 li-44 11-24 10 84
111-86 12-26 11-96 11-96 11-76 11-36
„„
GULF.
Strict
Mon Taei Wed
Mon Taei Wed
9-80
1080
10-ftO
Th.
Wri,
950 9-30
1050 10 SO
950
8-90
9-90
10-56 10-96 10-66 10-66 10-46 10 06
11-30 11 -OO 11 00 110-80 10 40
1090
The quotations for middling upland at New York on
July 14 for each of the past 32 years have been as follows.
1905....0.10-40
1904......11-25
12-20
1903
1902
1901
1900
1899
1897....0. 71B 18
1896...... 73, 6
1895
7li6
1894
71s
1893
8lie
1889. ... 0.11 »4
1888. .....lOJa
107 16
1887
1881....o.ll», 8
1880
11»8
1879...... 12i«
117 16
1878
1214
1877
11*4
1876
.10
1892
75, 8
63, 6
1891
IOHb 1875
153s
83s
12?8
1898...... 63 16
1714
1874
1890
12
Note.—On oot. 1,1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
lac. lower ehan Middling of the old classification.
MAHKET AND SALES,
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
fc5.
6
8*2
Spot Market
Closed.
Saturday
Monday....
Tuesday .
Wednesdaj
Thursday.
Friday
.
.
Quiet
..
1886
1885
1884
1883
1882
Futures
Market
Closed.
£» 16
10>4
11
Sales of Spot
Export.
132
Firm
Quiet. 40 pts. ad. steady
Quiet, 30 pts.de steady .....
Quiet, l Opts. ad. steady
Qalet.30pts.de. B'rly steady
Quiet, 40 pts. Co
Oont.
spec
<&
....
"¥5
"6*6
....
& Contract.
Oontraet.
132
13,800 13. Ron
1,700 1,725
1,500 1.300
10,400 10,400
5,700 5,760
208 32,900 33.117
\
1
1
1
1
1
1
1
1
1
1
1
.
I
1
1
1
1
1
1
1
,
I
1
1
1
1
1
1
1
'
1
1
1
i
1
1
Stock at Liverpool™.^ balets. 832,000 413,000 453,000
693,000
Stock at London..^.. ..........
14.000
16.000
14.000
19,000
Stock at Manohester. ^— .—„,,
54,000
33,000
45,000
Total Great Britain stock.' 900,000 462,000 512,000" 712,000
Stock at Hamburg
9.000
41,000
28,000
22,000
atook at Bremen
.«^„ 281,000 144,000 156,000 105,000
Stock at Antwerp ..,*—. „,..,.
1,000
4,000
4,000
4,000
otock at Havre..„96,000 118,000
113,000 122,000
stock at Marseilles.^.
.
3,000
4,000
3,000
3,000
.^
atook at Barcelona.....
24.000
35,000
20,000
42,000
stock at Genoa.— ..„....._
26,000
29,000
22,000
18,000
Stock atTrloBt*._„ .^
18.000
5,000
11,000
6,000
Total Continental stocks.
445.000 393.000 357,000 322,000
Total European stocks
1,346.000 855,000
869,000 1,034,000
India cotton afloat) for Burope 103,000
97,000 140,000
65,000
Ajner. cotton «floatior£'rope. 175,000
96,000
71,000
93,000
Egypt, Brazll.ie., aflo.f or E'pe
18.000
24,000
17,000
15,000
Stock in Alexandria, Egypt... 103,000
96.000
23.000
60.000
Stock In Bombay, India..— 879,000 454,000 579,000 433,000
Stock in United States port!.. £83,788
144,084 227,619 260,008
Stock in U. 8. interior towns.. 189,617
89,129
25,961
91,146
United States «xporteto-day..
7.388
3,996
6,362
9.308
Total visible supply.
....3,209,793 1,853,209 1,958,942 2,060,462
Of the above, totals of American and other descriptions are as ioilo w«:
.___
— —
Amtrtaan—
>,7orpool 1 look
.balaa. 761,000
Manchester stock.
48,000
Continental stocks.
414,000
Utterlcan afloat for Europe... 175.000
.,
?
tilted
States stock
,^,,
;
383,788
189.617
7.388
1,978 793
Salted Stateslnterlorstooka.
-.-.Jtedscatessxports lo-day.
total American...... ...
Sa$t Indian, Mrasii, 4s.
tverpool stock.....
.^»
292,000 361,000 581,000
24,000
39,000
„
261,000 276,000 269.000
71,000
96,000
93,000
144,084 227.619 260,008
89,129
25,961
91,146
3.996
9,303
6,362
910,203 1,006,942 1,303,462
71,000 121.000
92.000
112,000
14.000
14.000
16,000
19,000
6,000
9,000
6,000
Manohester stock.....
......
Xintinemal sioc*6—
31.000 132,000
81,000
53,000
. —,
97,000 140,000
65,000
adJa afloat for Europe . ^—... 103,000
?4.ooo
18,000
15,000
17,000
igypt. Brasll,*e., afloat..
96.000
23.000
60,000
took is Alexandria, Egypt... lc 3.000
879,000 454,000 579,000 433,000
it.->ok is Bombay, Indla..^.,
Total Bast India, *e.™«» 1.231.000 943,000 952,000 ~757,000
1,978.793 910,209 1,006.942 1,303,462
SotalAmeriean..^™^
.3,209,793 1,858,209 1,958,942 2,060.462
Total Visible supply
London stook...... ............
—
"
—
Idling Upland, LlverpooJ..
lUdling Upland, New York..
'Jp f pt Oood Brown.Llverpooi
•(ji-uw. Hough Good.Llverpool
.11
Total.
1
1
!
1
Sat.
,
,
1
•
'
UPLANDS.
1
|
1
'Ti»«ih Fine, Liverpool. ....„
Tlnneve'.iy Good, Liverpool
6-82d.
10400.
fe7 16 d.
9-8ud.
5» 16 d.
5S.d.
5 3 32l.
6-72d.
6-44d.
1105c.
12500.
K-V3.
713 18 4.
10-50d.
513 16 d.
97 18 d.
9-ood.
5»Ad.
t6 la d.
7'sd.
7d,
5H 16 d.
4Hi«d.
4^1.
U2p Continental imports past week have oeen 75,000 balee.
Tne above figures for 1905 show a decrease from last week
of 108,583 bales, a gain of 1,356,594 bales over 1904, an excess of
,250,851 bales over 1903 and a gain of 1,149,331 bales over 1902.
1
a
July
"
THE CHRONICLE.
15, 1905.)
At the Intebiob Towns
week and
movement— that
the
the
la
the shlpmenta for the
stocks to-night, and the same items for the
week and the
corresponding period of 1903-04 is set out in detail below.
receipta for the
'
.
.
since Sept.
1,
—
219
Quotations pob Middling Cotton at Otiieb Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for eaoh day of the week.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week ending
July 14.
Sat'day. Monday. Tuesday. Wed'day. Tkursd'y Friday
10'8
Galveston...
New Orleans 10*
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
103s
10 '-J
"
113 10
3
10%
10%
lOSi
10»8
I0*, a
1(1 Si
10?8
103s
10 8
107„
lO^
10%
11%
10»8
10<>8
107„
11 10
l«
11
1C*
.
10%
1090
1100
Boston......
Baltimore...
Pblladelph'a
Augusta.....
11 15
10<V>
Memphis
St.
.-..._*
!
liS
;
-q;
:
.
I
11
1090
10 7«
1130
11
11-25
11-55
11-25
11-25
1100
11 05
10-80
10 62
10-65
H»is
lUio
10'fl
11-25
11-35
10's
10i:»;„
l"6n, 8
106 18
1015 18
11*8
11%
11
11
10<%
10%
00
101K )8
10%
10%
'"'i
io^ 18
10 7s
1012
10%
10%
10%
*o -« *• to
_t^»(o«> MOOo»)HooO"k ctOM^»j'N»ew'- ®ai
,
l
10%
30%
10%
—
Little Rook..
(O
f to -J tc"c co to~w to © -•'ce no to
onK>i;o-JC-iaooiOf-waN»WH»t3(oioo!w(o
!
Louis
Houston
» M
CD
to
"_ to"u:—"-'xb<
!
^3.
>-i
to
1011,«
11
*
The
closing quotations to-day (Friday) at other important
Southern markets were as follows.
10B,«
10»8
Louisville
Natchez
Atlanta.
lO's
Montgomery.. 10%
Columbus, Ga.. 10%
Raleigh
10%
Nashville
Columbns.Mlss 10%
10%
Shreveport
10&, 8
New
M;
;
o
'
OttO
',
c^i"
o«'
COCO'
om
tO
00
°r M J-'
"5°
5°
JO _tO
«*©#""-' co^toos*'Co^otoc>to<'''«><iwtoai-''tocoto
k 050>Vi->OS3etO»O r«C~]P-'CPOOl-'tOCCOjO
h-OS^J
ix>)cjiou<i-'acccoctc;saiact«:H(ii«kUKCMt}iB
Ol
,.
1,
M M
CO
Orleans Option Mabket.—The highest, lowest and
olosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
lf
o
M
GO
Sat'day,
July 8
'm
if
Hi^Sil-'HK^ W— *» tO toy ^Cltv*^^ GO tOiC
o
ODtOM>-'CO«001CWlO-J '>'eOr-H'l-'>-'CJ<CBCOWJtO-J-l»^CO
tOO:
tO
O-^aO•^'' ^a^3C0O'*.iJaOSOOO•4«3•^« I'OO'J-JOO«O!CU
©c*o©cw»a«©toe*aor-wc©«ito«4w*-wto©aoGocj'*'>-i-'»oto
CJ1
July
July 10.
11.
r
to
-J
-]•
go **
m©
~-- XX
»
;
M
•
**
;
*»•'
un^c*Mto
-JCO^CCJr- —
f
t*
M
»j©«-»jtO"->-ifk"-»3»-"-osvim©<io'Ki©
•o -J tt -J <J
© ao w c; A
*>•
ao a:
»:
to
July 14.
Range.. 1057--80 10 9S--25 10-80- 01 10 72-93 10 43 -63 1029.-47
79-81 1117--18 10-79-80 10 79-81 1043 45 10-39--40
August—
»
to!
CO-
©CfltO
«
;
M.
<10«.
July 13.
CloslDg.. 10
Range.. 10-54--77 1113--22 10 8010 76-78 1112--1510-79- 81
Sept.—
Range.. 1052--81 11-11--22 10-80-09
Closing.. 10 75-77 1117-19 10-79-81
Closing..
to.
cb;
CO-
July 12
JULT—
|
l
Monday, Tuesday, Wed'day, Tnursd'y Friday.
I-
£
OCTOB'BRange 1052--79 1109-36 10-79- 14
Closing. 10-77--78 11-18-19 10-81- 82
DEC'BKB—
Range .. 10 56-84 11-1 4-46 1083-19
Closing.. 10 81-82 ll*23--24 10-65--86
.
tkCKif'oco^jtooicncccsr-
a cs ao co co **^J « <) pi en w co coco as_co ao <l ao
od'oomIo wl* w<i wVs w"c^'co'co'co'coVieo'kk"-'<'>-'Vqco'co ocoiw"-'©^*©
©o>-is»^»o>c*.c2toxo: *-coccoc»iXx<oxcjwco©x^i^coco*-a3
oicsco©if'aao©coaci-©i-'to>-©Goats©GOF-«iie.o>«co-ioi<laD©if>.
10-79--91 10 46- 65 10 23-41
10-77--79J10 43--4510 39 -41
10-76- 93 10
1082-83 10
44-57 1041- 49
44-46 10 44- 45
10-76-03 10-48--70 1013-56
10-85-86 10 49
10 46-47
10 80--08 10-52--78 10 19- £o
10-90-91 10 53
10-51--52
Tone—
Spot
.
:
ifktOW
CO.
£
OS
OD»«Jts-3"-»aCM©totnoi
tO
cji-
|
— — -i.
bo
©<j
© ©-4.
•
;
.
!
.
,
oi»o«chcc
MC*~}MCOtOW tO; GO
flOHyts
W
to
aaODCO©VltOC3ICO' MCO<J©WCO*."tOCO — COW
MoaoaM>->eecsoii£-x>/-atoo; ©<iccw:o©i-'t*©cnwa>
to
-.*»»
— in©,
to
~
© »in»©ina© ax®
The above totals show that the interior stocks have decreased during the week 11,983 bales, and are to-night 100,488
bales more than same period last year. The receipts at all the
towns have been 43,580 bales more than same week last year,
Overland Movement fob the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
We
July 14 and since Sept.
1
in the last
two years are as
190405.
July 14.
Week.
follows.
1903-04.
Since
Since
Wee*.
Sept. 1.
Sept. 1.
—
Shipped
Via 8t. Louis
Via Cairo
3,145
1.619
VU Rook Island
233
1,507
Via Cinolnnatt
Via other routes, &o
679
4,218
Total gross overland
._
Deduct shipments
Overland to N. T., Boston, &o..
11,401 1,432,027
—
Between
interior
594,995
329,575
52,695
101,352
58.586
344,824
2,476
1,524
507,955
252,837
273
133
102
120,426
31,865
195,152
13,7bl
4,508 1,121,966
594
382
679
Total to be deduoted
184,551
36,011
57,109
747
31
52
92,971
30,994
97,636
1.6J5
towns
277,671
830
221,601
Leaving total net overland*..
9,746 1,204,356
9C0.365
3,678
* Including movement by rail
to Canada.
The foregoing shows that the week's net overland movement
this year has been 9,748 bales, against 3,678 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 303,991 bales.
1904-05.
In Sight and Spinners'
Takings.
Wee*.
Keoeipta at ports co July 14
Net overland to July 14
1903-04.
Since
Sept. 1.
9,903 7,074.373
3,678
900,865
38,000|1.875,000
51.581 9,849,788
'8,031
77,527
Came Into sight during week. 123,411
Total In sight July 14
.12637952
N^rthjrpinners' tak'gs to July 14
* Decrease
durlngweek.
*«**1903 July 17
1902- July 18
}9°1-July 19
1900- July 20
1.
135.344 12709995
"11,933 127,957
Total marketed.
Interior stocks In excess
,
Sept.
81,568 9,573,e36
9,746 l,2o4,S 56
44,000 1,932,000
Southern consumption July 14..
Movement
Since
Wee*.
18,657 2,214,930
43 0-.7
40.763
09.360
81,243
Steady.
Steady.
Steady.
B'rly st'y
Steady.
Steady.
Steady.
Quiet.
B'rly st'y
8teady.
from the South
advices
evening denote that the weather
has continued satisfactory as a rule during the week. Over
the greater part of the belt rain has fallen, beneficial on the
whole, but from portions of Arkansas and Tennessee and a
few sections along the Atlantic, there are complaints of grass
or of too much moisture hindering work, Some correspondents in Alabama, Texas and Mississippi report the crop as
doirg very well.
Oalveaton, Texas.—The weather of the past four days has
enabled Texas farmers to clear fields and cultivate crops.
Reports from Southwestern sections of the State are very
promising. There has been rain on two days of the week,
the precipitation reaching one inoh and sixteen hundredths.
The thermometer has averaged 78, the highest being 88 and
this
the lowest 68.
Abilene, Texas.—
have had heavy rain on three days
during the week, the precipitation reaching four inches and
bighteen hundredths. The thermometer has averaged 72,
rarging from 56 to 98.
Brenham, Ttxaa.—We have bad rain on one day of the
week, the precipitation being one inch and twenty hnndredtlw. The thermometer has ranged from 63 to 91, averaging 77.
Corpus Chruti, Texas.— There has been heavy rain on one
day daring the week, the rainfall reaching one inch and fiftytour hundredths.
Average thermometer 78, highest 90,
lowest 66.
Cutro, Texas.— There has been rain on one day of the week,
the precipitation reaching sixty hundredths of an inch. The
thermometer has averaged 79, the highest being 96 and the
lowest 62.
Dallas, Texas.— Rain has fallen on three days of the week,
the rainfall beirg two inches and sixty-five hundredths. The
thermometer has averaged 74, ranging from 57 to 91.
Fort Worth, Texas.—There has been heavy rain on one
day of the past week, the rainfall being two itches and
We
thirty-eight hundredths.
j6 to 92, averaging 74.
The thermometer has ranged from
Henrietta, Texas.— We have had rain en two days of the
week, the rainfall being ninety-eight hundredths of an Inch.
Average thermometer 75, highost 93, lowest 56.
Euntkv lie, Texas.— We have had heavy rain on one day of
the past week, the precipitation reaching one inch and forty
hundredths. The thermometer has averaged 77, the highest
eing 92 and the lowest 62.
Kerrville, Ti.cas —There h*s been rain on onednyof the
week, the precipitation reaching ninety fiv« hundredths of
*n inch. The thermometer has averaged 72, ranging from
I
43.5E.0
9,927,265
381 2,075,793
59 to 91.
We
into sight in previous years.
Bales.
Steady.
Weather Reports by Telegbaph.— Telegraphic
to us
tOtO^-WOO
©tico^pe.©©©
Quiet.
Options.
©k- h-M«3t0>O
aa^c©o<ir'G;xi^t3©i^^©©toaoaLSxo<)tnco
:
GO'
i
^^(OWIWW
Since Sept.
1—
1902 03- July
1901-02- July
1900 01— July
1899-00- July
17
Bales
10,51
18
KM
19
10,17
20
8,931,7^
Lampasas, Texas.—
have had rain on one day of the
eek, the precipitation being one inch and nine hundredths.
Tfie thermometer has ranged from BO to 99, averaging
Luling, Texas.— There has been heavy rain on oue day dnrinK the week, the precipitation reaching two inches. The
v
THE CHRONICLE.
220
thermometer Las averaged 78, toe highest being 93 and trie
lowest 62.
Nagodoches, Texas.— It has rained heavily on one day of
the week, ihe r Entail reaching two inches and twenty-two
The thermometer has averaged 74, ranging
hundredths.
[Vol. lxxxi.
Movement from all Poets.— The
India Cotton
highest 90, lowest 58.
San Antonio, Texas.—There has been rain on one day of
the week, the rainfall being ten hundredths of an inch. The
thermometer has averaged 77, the highest being 94 and the
lowest 60.
Weatherford, Texas. We have had rain on one day of
the week, the rainfall being one inch and eix hundredths.
The thermometer has averaged 76, ranging from 56 to 95.
New Orleans, Louisiana. It has rained on three days of
the week, the rainfall being one inch and thirty nine hundredths. The thermometer has averaged 80.
Shreveport, Louisiana. There has been rain on two days
during the weeb, the precipitation being two inches and
eighteen hundredths. Average thermometer 78, highest 90,
lowest 64.
Leland, Mississippi.— Crops are still foul. There has been
rain on three days of the past week, the precipitation reaching eighty-nine hundredths of an inch. The thermometer
has averaged 71*3, ranging from 60 to 84.
Vtcksburg, Mississippi.— Favorable weather and crops are
have had rain on two days during the week,
improving.
the precipitation reaching seventy-two hundredths of an
inch. The thermometer has ranged from 65 to 88, averaging 75.
Helena, Arkansas.— Cotton is somewhat rank and not
had rain on four days early in the past
fruiting well.
week, the rainfall being one inch and fifty-two hundredths;
but the last tbree days have been dear. The thermometer
has averaged 74*8, the highest being 88 and the lowest 65.
Crops
Little Rock, Arkansa*.— Ground too wet to work.
very grassy and late. There has been rain on four days of
the past week, the precipitation reaching one inch and thirtyThe thermometer has averaged 74, ranging
five hundredths.
from 64 to 89.
Memphis, Tennessee. Too much rain has delayed cultivaDiy weather the latter part of the week, however, has
tion.
permitted much needed work. The crop is backward and
have had rain on five days during the
generally grassy.
week, the rainfall being one inon and eleven hundredths.
—
—
—
We
We
—
BcceipU at—
—
'
63'8 to 87, averaging 73-8.
_
Week
Since
.
1902-O3.
Since
Week.
Sept. 1.
-
Since
Week.
Sept. 1.
7.000 2,0-JS.OOO
28 OOO 2,583,000
Sept. 1.
16,000 2,440,000
Since September
For the Week.
1.
Export*
from—
Great
Britain.
Great
Britain.
Continent.
Continent.
Total.
32.000
4,000
6,000
32,000
4,000
6,000
20,000
94,030
76,000
386,000
855,000
861,0,10
406,000
949,000
937,000
2,000
1,000
3,000
2,000
1,000
4,000
3,000
4,000
5,000
39.000
43.000
40,000
42,000
47,000
45,000
1,000
1000
2,000
3,000
3,000
10,000
8,000
14,000
34,000
17,000
17,000
44,000
25,000
1,000
5,000
2,000
4,000
5,000
2,000
5,000
10,000
19,000
23,000
211,000
247,000
145,000
221,000
266,000
168,000
3.000
40.000
7,000
15,000
40,000
7,000
18,000
Total.
Bombay—
1904-05..
1903-04..
1902-03..
Oaloutta 1904-05..
1903-04..
1902-03..
•-»•
1,000
Madras—
1904-05..
1903-04..
1902-03..
1,000
HI others—
1904-05..
1903-04..
1902-03..
• >•*-•
Total all—
1904-05..
1903-04..
1902-03..
36,000
650.000
686,000
127,000 1.179,000 1,30H,000
112,000 1,063,000 1,175,000
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
movements of cotton at Alexandria. Egypt.
The following are the reoeipts and shipments for the past
week and for the corresponding week of the previous
two vears.
cable of the
Alexandria, Egypt,
1904-05.
1903-04.
5.000
6,216,439
July 12.
200
356
6,459,685
5,740,005
1903-03.
Receipts <oantars*)—
Since
This
week. Sept. 1.
To Manchester
Total exports
*
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
3,750 218.053
146.219
8~750 319,386
400 71,484
Bxports (bales)—
We
The thtrmometer has ranged from
1908-04.
1904-05.
from
59 to 88.
Palestine, Texas.—-There has been rain on three days the
past weeb, the rainfall being one inch aod twelve hundredths.
The thermometer haB ranged from 60 to 88, averaging 74.
Paris, Texas.— Rain has fallen dnring the week to the
extent of two incnes and forty hundredths, on three days.
Much more rain in the country. Average thermometer, 74,
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending July 13 and for the season from Sept, 1
to Joly 13 for three years have been as follows.
5*6*00
3,000 231,591
135,176
344,008
800 52,239
202,541
145,086
2,008 319,154
81,243
8,800 763,014
2,008 748,024
12,900 755,142
A oantar Is 98 lbs.
Continued rains prevent needed work
Nashville, Tennessee.
on the crop. There has been rain during the week, the rainAverage
fall being one inoh and eighty-five hundredths.
thermometer 77, highest 88 and lowest 64.
Mobile, Alabama.— Weather in the interior has been very
favorable and cotton generally is growing and fruiting well.
There are some complaints, however, from lowlands of grass
and too much rain. First open boll reported this season on
July 12th, against July 18 last year. There has been rain on
two days during the week, the rainfall being seventy-seven
hundredths of an Inch.
Montgomery, Alabama.—Crops generally are doing well.
have had rain on three days during the week, the precipitation reaching ninety-two hundredtbs of an inch, The
thermometer has averaged 80, ranging from 67 to 92.
Selma, Alabama.— Much weed to cotton but little fruit as
yet.
Conditions, however, have greatly improved the past
have had rain on two days of the week, the preweek.
cipitation being two inohes. The thermometer has ranged
from 72 to 95, averaging 85.
This statement shows that the receipts for the week ending
July 12 were 5,000 oantars and the foreign shipments
Madison, Florida.— There has been rain on two days during the week, the precipitation being one inch. Average
thermometer 80, highest 92, lowest 68.
Augusta, Georgia.—Too much rain. There has been rain
on four days daring the week, the precipitation reaching
eighty hundredths of an inch. The thermometer has averaged
81, the highest being 91 and the lowest 70.
Savannah, Georgia, There has been rain on six days of
the past week, the precipitation reaching three inches and
thirty-two hundredtns. The thermometer has averaged 79,
ranging from 70 to 90.
Stateburg, South Carolina.—This week's rain has been
very beneficial to cotton. There has been rain on three days
of the week, the precipitation reaching one inch and eightyfour hundredths. The thermometer has averaged 79, ranging
from 70 to 93.
Charleston, South Carolina.—-Rain has fallen daring the
week to the extent of two Inches and forty -three hundredths.
Jtjte Butts, Bagging,
There has been no aotivity in
the market for jate bagging during the week, but prices are
nominally unchanged at 6%o. for \% lbs. and 6?g i, for 2 lbs.,
standard grades.
Jute butts dull at \%@l%a. for paper
quality and 2@2^c. for bagging quality.
13,900 bales.
comparison.
1905.
32* Cop.
We
We
—
Much more
rain in the country.
Average thermometer
80,
highest 88, lowest 72.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 a. m. July 14 1905 and July 15 1904.
July 14 1905 July 15 1904
Feet.
New Orleans.
..Above zero
Memphis. ............. Above zero
of
of
gauge.
gauge
Nashville
Above zero of gauge
Shreveport.... .......Above zero of gauge
Above zero of gauge.
Vlcksburg...
Feel.
131
216
111
207
21 9
33 1
12-1
3 9
11-4
302
—
Market. Our report received by oable
from Manchester states that the market is qniet for
both yarns and shirtings. Spinners are considered to be
well under contract. We give the prices for to-day below
and leave those for previous weeks of this and last year for
Manchester
to-night
Twist.
d.
d.
1904.
8*4 lbs. Shirt- Oott'n
ings, common Mid.
Uplds
to finest.
s.
d.
e.
d.
J'ne9 7h «89 ie 4 34»7 2
" 16 7"i 6 tt84
3 ©7 1
««
41*07 2
9S\
23 8
" 30 88g ©94
5407 34
78 «9*%
July 7 8
7 ©7 7
..
«9?8
14 9
8 ®7 84
d.
4-73
483
505
5 34
601
5-82
32f Cop,
84
Twist.
d.
M>*.
ings,
Shirt- Oott'n
common
d.
s.
d.
a.
Mid.
Uplds
to finest.
d.
d.
94»104 6 14©9 3 6 68
9388>10ie 6 1 «9 3
6-38
94® 9 7e 6
«9 14 614
8?8 » 9% 5 104 08 10
596
8\V 94 5 10 08 9 636
9-0 9% 5 11 08 104 6-72
&c—
European Cotton Consumption to July 1.—By cable
to-day we have Mr. Ellison's cotton figures brought down to
July 1.
We give also revised totals for last year that
comparison may be made. The spinners' takings in actual
bales and pounds have been as follows:
Oct. 1 to
July
1.
Great Britain.
Continent.
Total.
For 1904-05.
laklngs by spinners... bales
Average weight of bales. lbs
8,043,000
4,459,000
509
490
2,339,000
4,470,000
605
476
7,502,000
497-7
1,548,670,000 2,184,910,000 3,783,580,000
For 1903-04.
Takings by spinners. . . bales
average weight of
Takings In pounds
bales. lbs
6,809,000
485'9
1,181.195,000 2.127,720,000 3.S0*,»1 5,000
According to the above, the average weight of the deliveries
Great Britain is 509 pounds per bale this season, against
505 pounds during the same time last season. The Continental
deliveries average 493 pounds, against 476 pounds last year,
And for the whole of Europe the deliveries average 497*7
pounds per bale, against 485-9 pounds last season.
Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
in
—
.
July
Oct. 1
BaU*
of
THE CHRONICLE.
13, 1905.]
Sreai
Spinners' stock Oct.
Oont%
Brita'.i-
000 1 omitted.
ntnt.
July 1...
I
Qreai
Britain
Oonti
486
4,256,
i,619
2,403
4,702
6,617,
2,237,
3,861,
7,105
6 098,
1,222,
166.
4,370.
3.154,
Snpply
Oonsnmpt'n.39 week* 2.756.
4,685,
3,861,
7,839.
824,
to
rr
446
3,097,
Takings
Totu
nent.
315
57,
1
Total
398.
1
Weekly Oonmmptior.
000s omitted.
In October
In November
In
In
In
In
In
In
d.
68,
June
99,
68,
99,
99,
99,
99,
99,
68,
72.
72,
72.
72,
72,
72,
February
March
April
May
99,
99.
99,
167,
167.
167,
171,
171,
171,
171.
177,
171,
60,
63.
63,
99,
149,
99
99
162
162
60,
99.
159,
55,
99
99
154,
154.
99.
1.54,
99,
99.
154,
55,
55,
55,
60,
July 10.
121*
1
4
Tin's.
July 11
12%l 4
P.M. P.M. P.M. P.M. P. M.|P. M.
1.C07
lu'v
December
January ..:
In
841
"Ion.
Sat.
July 8.
12%
Spinners' etook July
22
f be prices of futures at Liverpool for eaob day are given
jelow, Prices are on the basis of Uplands, Wood Ordinary
lanso, unless otherwise stated,
The prieei are given in pence and lOOiA. Thu$: 6 78 means
5 78 lOOd.
1903-04
1904-05.
i< July 1
500 lot. eacA
1
i
.. ......
d.
I
d.
July-Aug.
\ng -Sept
Sept -Oot..
Oot.-Nov...
Vov.-Deo. ..
5 77 5 715
Deo. -Jan
5 77 5 715
Jan. Feb
5 77 5 71 5
Reb.-Moh.
Mch. April S 77 5 715
AprU May
May- June.
d.
d.
1
86
86
86
86
5 77 6715 H6
5 77 5 716 86
July
d
d
94
9*
86 5 94
v
5H5
6 95
91 5 8«
91 5 86
6 06 5 9«|6 01 5 86
6 05 6 CO 5 97 6 86
6 05 6 00 6 9:- 5 87
6 06 6 01 6 t»- 5 87
6 06 6 01 5 94 5 87
6 06 6 0115 95 5 88
5 95
5 95
90
Frl.
July 14.
4 12>* 4 12-4 4
M. P.M. P.M. P.M. P.M. P.M.
91 5 85 5
9< 5 f-6 5
60
13.
12%
P.
d.
5 78 5 71 6 *5 6 05 5 98 6
\ 7« 5 71 5 85 6 0". 5 98 5
5 76 6 715 85 6 05 5 99 5
5 79 571588 6 05 6 99 5
5 77 5 715 86 6 05 6 99 5
5 77 5 715 8« 6 05 5 99 6
Than,
Wed.
July 12
6 95
5 96
5
96
6 97
6 97
6 98
d
d.
d.
d.
5 83 6
6 83 5
5 88 5
5 85 6
6 86 5
5 85 6
5 85 5
5 86 6
6 86 5
76 5 68 5 72
76 5 6H 5 72
7e 5 68 6 72
77 6 69 5 73
78 5 7015 73
78 5 70 5 73
78 5 7015 73
79 6 71 6 74
79 5 7li&74
5 87 n >-o 5 72 6 75
5 87 5 80 5 73 6 7«
6 88 5 81 5 73 5 76
_159,
BREADSTUFFS.
state* that Mr. Ellison has increased the rate of
consumption in Great Britain by 2.0U0 bales per week since
the beginning of tbe season.
Oar oable
Friday, July 14 1905.
dragging market has been reported for wheat fl mr. The
A
Government Weekly Cotton Report.— Mr. James Berry,
Chief ot me Climate and Crop Division of tbe United States favorable wheat crop outlook and the sagging prices for
Weather Burean, made public on Tuesday the telegraphic wheat have served to hold buyers of wheat in check, the run
reports on the crop in the Southern States for the week ending of orders being almost exclusively for very ordinary-s'zed
lines to cover current requirements. Pew price changes have
July 10 summarizing them as follows:
City
In tbe Carolina*, Georgia and Florida, over the greater part ot been made but the tendency has been in buyer*' favor.
Alabama, and In Southern Mississippi, cotton has generally done well. mills have been quiet and unchanged. Rye flour has been
Good growth Is repor el from the central and western districts, but in fair demand and tirin. Corn meal has been held at higher
mnob ot ibe orop bas Bettered deterioration, largely from lack of oul prices but business has been quiet;
tlvatlon due to continuous heavy rains. In Tennessee, Northern
Speculation in wheat for futara delivery has been moderMississippi and Louisiana fields have been abandoned to grass, loo
rank growth Is more or less reported In all districts, except 'he Caro- ately aotive, but at declining prices.
The monthly report of
Wet weather In TVxas bas lavored tbe Increase of the Government Agricultural Burean, issued on Tuesday
lina* and Fiorina
boli-weevliB, which are also causing damage in Louisiana.
afternoon, made tbe condition of both he winter and springShipping Mews, Ab snown on a previous page, the wheat crops better than expected, and was
interpreted as
exports of cotton from the United States the past week have foreshadowing a large yield, Weather conditions
reported
reached 63,447 bales. The shipments in detail, as made uj during the week have been generally favorable.
The harfrom mail and telegraphio returns, are as follows:
vesting of the winter-wheat crop is fast drawing to a close,
Total balt>.
114 so that a good yield is assured, and the reports from the springNew Tom- To Liverpool, per steamer Georglo, 114
450 wheat States and the Canadian Northwest give promise of a
To Hull, per ste»mer Co'orado, 450
To Havre, per steamer Bordeaux, 1,314 upland and 164
good crop, Supplies of new-crop winter wheat are now com1,478
Be»I«iand
1,542 ing to market more freely; the increasing receipts and the
steamer Barbarotsa, 1,542
To BrenieD, p*-r
438 favorable crop outlook have prompted more aggressive operTo Aniwnip, per steamer Fl> land. 4 <S
To Genoa ptr steamers Prlnz-ss Irene. 1,233. ..Slotli*, 100 1.333 ations from bear interests, their being evidences of increased
37
To Naples, per steamer Prlt zess Irene, 371
701 short stlllng duriDg the past week. The spot market has
..
To Venice, pi-r steamer Geny, 701
300 been quiet and easier. To day the market was weaker under
To Trieste, per steamer Uerty, 300
New OBLtAKS- To Llveriool— Jul* 8— Steamer Mechanician,
continued favorable weather iepoits and liquidation by spec15.240 ulative holders.
IV, .4o
Joly 1^— Steamer Nloaraguan, S,0l/0
The spot market was dull and lower.
3,700
To Belfast- July 8— Stramnr arriyan Head, a.700
1,878
To Havre Ju.y 12-feteain. r Mtck.tnburg. 1.878
DAILY CLOSING PRICES OF WHS AT FJTUKKS IN
YORK.
100
To Hatnonrg Jaiy 12 steamer Meek enburg. 100
Mon.
Sat.
Tut*.
Wed.
TKurt.
Fri.
1,850
To Barcelona July 10 Bteamer Muuei Gallart, 1,850
-io-2 red winter, f.o. b... 99*3
99% 10o3s
93%
97%
94^
4,fe93
To uenoa Joly 1» Steamer Cltta dl Palei no. 4.893
inly delivery In. elev
94i«
92i«
96
96
—
i
i
<
NEW
Gai-vestow To Livei pool- July « Steamer Dictator, 7, 85o..
To M tchester— Juiy 6 Steamer Asuncion ae Larrlnaga,
8 559
Brunswick— To Liverpool— July 8 Steamer B xiziove, 5,917.
Bjsium To Llverpooi-July
Steamer Bohnuuiaa, 82
Joly 10 oteamer Sylvanla, 1,136... July 12-Steamer
Cyurto. 3
To Man«.h »-ter July 7— Steamer Bostonlan, 602
To ft Jchn- Ju y 12 Steamer Austin Caivlo, 100
Baltimokjj— To Havre July 7 Steauuer Iaoa. 9 ->0
8af PBA»ciisr!r>— lo Japan— July 8 Steamer Mauohuria, 2,576
To Guatamala July 6— Steamer San Jose. 100
Seattle To J apan- July 6— Steamer NlngOhow, 1,179
<
7,855
8.559
5,917
-
1,22'.
602
100
950
2,.57b
100
1.1 7 9
65,447
Total.....
The exports to Japan since Sept. 1 1904, have been 308,956
bales from Pacific ports and 9,720 bales from New York.
Ljvebpool.— By cable from Liverpool we have the following
,
statement of the week's sales, stocks,
June 23
KaiM
of tbe
week
1,000
Sales American.....
Actual export
afloat
of
31 Out
21 ooo
1,000
2,000
46,000
9,000
68,000
1.00C
3,000
24 00C
16 000
6.00C
70 0OC
841.001
771 OOt
77 OOt
69,00t
116 00(
87.00C
6 000
63.000
841,000
772 000
140,000
127,000
188 000
164 000
Of which Amerloan
The tone
54 000
774 OtO
Of which American— Est'd.
Total Import of the week.....
Of whioh Amerloan. ........
71.000
65.000
153.000
129,000
the "Liverpool
July 14
July 7
42.000
8 000
97 000
845,000
.......
Forwarded
Total stock— Estimated
Amount
at that port.
June 30
48.UO0
2.000
bales.
Of which exporters took. ..
Of which speculators took.
&c,
8S2
761
60
45
113
89
oo<
000
000
000
000
000
market for spots and futureB
each day of the week ending July 14 and the daily closing
prices of spot cotton, have been ae follows.
Hat'day.
tfpoi.
Very
Market,
13:30 P
\
Monday.' Tuetday. Wed'day
Not much
\\
doing.
doing.
Mid. Upl'ds
5 87
Sales
Hpec
Aexp
little
Qaleu
99
6 12
3,000
6.000
4.000
300
500
200
5
TKund'y Friday
Very
Wry
little
JulUK.
little
doing.
doing.
5-99
597
6 82
5.000
1,500
3.000
3,000
600
300
Not much
future*
Market
.Tr^nVrt
upeneo.
Market
4 p M
I
I
)
/
>
i
Hr-lyit'dy
*«» 3
Pt».
decline.
Unlet at
jnlot at
Kmiy »t
Firm at
18414 pll. 5&10pu. 10„11 pti eeio pu.
jeoitue
decline.
.«oau«.
4 a»ano»
yaiet at Excited
H pt».
decline
at Fev'leh at
S3«»35 pll. 11&10 pin.
«i»an.fc
i«- nr ...
•eady
3-6
at
pl«.
«.i»»-<-.
IrreK.at
i'uI
i->
Unsettled Ver»
PU. *.->
17(ftl8
ie
in
vu
deni.i.a
it
dj
Pt».
'"*•
el*v
Deo. deltv. In eiev
May delivery in elev
•*ept. dellv. in
92
95%
91^
92
July dellv. In eiev
*«pt delivery In elev...
Deo. delivery In elev
May delivery In elev
Bat.
89 7a
9t»8
9C°8
92Sg
93 1*
9i\
DAILY CLOSING PKIOBS OF WHEAT FDTUBBS
92**
95%
9i%
Hon.
Tuet.
90i*
907e
8&3a
88^8
896s
89»a
Hi CHICAGO.
Wed. TKur$.
tri.
88»«
86«9
89%
87%
87%
88
86
87 7a
87%
88
83%
90%
90%
88%
89%
Indian corn futures have been moderately
85%
85%
87%
84
83 7b
86
The
active.
tendency of prices has been towards a lower basis. According to tbe monthly report by the Government's Agricultural
Bureau, present indications are for a yield from the growing
crop of 2,650 000,000 bushels. A larger acreage is reported
under cultivation, and the average condition of the orop is
reported highly prom'slDg. Weather advices from the corn
belt during the past week have continued to report favorable
climatic conditions for the crop. Tbe movement of old-crop
cum during tbe week has chown some increase, but with
limited stocks of contract grades, Joly and September deliveries seem to be well under the control of bull fntf rests.
The
spot market has held fairly steady; only a limited volume of
oasiDesa has been transacted, To-day the market weakened
-lightly under favorable crcp prospects.
The spot market
held steady.
DAILY OLOBIH0 PBIOBS OF HO. 2 MIXED 00 KM III
YORK.
Fn.
Mon.
Wed. Thun.
Sat.
'Tut*.
No. 2 mixed In elev
62%
63%
63
6:\
63%
62%
July Qru very In elev
62
61\
62%
62%
62%
62%
60'8
60*
8ept. delivery In elev.... 62
6i%
61*
61%_
DAILY CLOSING PBIOBS OF NO. 2 MIXKD OOBN IN CHICAGO.
Fr\.
Thun.
Mon.
Tuet.
Wed.
Sat.
fOM
5h%
Inly dellv. In elev
56
6« 78
56%
56%
NEW
Sept. delivery tn elev
Deo. delivery In elev....
May aeuv. in eiev
56%
49'a
4»%
55%
6* 7 ^
65%
55%
55%
4*%
47*
i4\
4»%
4^»a
47%
47*
48*
48%
49
the Western markets have been
Oats for future delivery at
moderately active. Changes in prices have breti h k h t they
-bowing a fractional decline. The monthly Govern int-nt
crop report was interpreted as foreei adowlng a yield from
'he present crop of 950,000,000 bushels, or atiuiit the hum
Ust year. Crop news for the week bas been favorable.
Locally the spot market has been quiet but steady, To-day
i
,
m
mere was a weaker market under moderate
DAILY OLOMIHO PK10KS OF OAT*
Bat
Kom,
No. 2 mixed. f.O. b
So. 2 wblte.Ollpped.f.o.b
35%
37%
IW
NEW
T'**».
nelliu^.
VOItK.
Wed.
Thun.
36
35%
36
36
37%
j7»«
37 *
1
37%
Fr\.
M
37%
THE CHRONICLE.
222
DAILY CLOSING
PRI0JES8
OF NO. 2 MIXED OATS
July 1
CHICAGO.
IN
States—
Frt
Aton.
Tuts.
Wed.
Thurs.
327
32\
33%
32 7s
32%
32%
Sept. delivery In elev....
31
31*4
30°8
30 3s
Deo. delivery In elev
3l 7e
32
33*2
33"8
Sat.
July delivery In elev
May
....
delivery In elev
g
»s
3m
31%
3*214
31«8
31%
33%
33
323s
Following are the closing quotations
FLOUR.
©5 35
S5 00
Patent, winter
Flne....~-,
$2 90 ©3 20
Olty mills, patent. 6 00 ©6 50
Superfine
3 30 ©3 60
Rye flonr, esupertlne 4 25 ©4 90
3 65 ©3 85
Extra, No. 2
Buckwheat floor.. Nominal.
8 90 ©4 00
Extra, No. 1
Corn mealClears
„ 3 80 ©4 25
Western, etc..... 3 00 ©3 05
4 60 ©5 10
Straights
Brandy wine..... 3 05 ©3 10
Patent, spring
5 66 ©6 76
GRAIN.
e.
0.
Corn, per bush0.
Wheat, per bush—
0.
57 ©62%
Western mixed..
f.o.b.116%
N.DuL.No.l
f. o. b.62%
No. 2 mixed......
i.o.b.110%
N. Dul., No. 2
f. 0. b.62-%
No. 2 yellow
Red winter, No. 2.. f.o.b. 948s
f. o. b.63
No. 2 white
Hard winter, No. 2. f.o.b.Nom.
Oats— Mixed, p. bush. 35% ©36% Rye, per bush79 ©84
Western
S7%©41
White
Nominal
State and Jersey.
Nominal.
No. 2 mixed...
46 ©55
Barley—West ......
Nominal.
No. 2 white
42 ©48%
Feeding
.
i
ACREAGE AND CONDITION OF CORN ON JULY
1903.
1904.
1905.
1.
19u2.
Ten-year
Average
Condition.
States.
il
«l
S8
Iowa
Illinois
83
Missouri
Indiana
BS
s?
Ohio
Kansas
Nebraska
Wisconsin
Michigan
Minnesota
Texas
Tennessee
82
06
85
Kentucky
95
92
b2
HI
82
77
Ml
Pennsylvania
Oth. States
& Ter's
9.432
jyy.7
6,015
4.5J8
2,974
«,5se
m
tt.29rt
7«
8~
9,4. >8
78
78
74
8,035
Sri
5. 7 83
4,55 t
3.0d5
6,441
7,95«
1,474
1,229
1.5C8
88
1..&19
72
79
0,533
3,139
3,195
1,442
Oi
1,293
1,554
6,049
3,236
3,227
1,428
.S3
85
75
94
89
85
7:t
7^
76
7H
81
88
86
8:2
84
47,405
38,201
87-3 91,011
Total
Per cent of inc. or
+1-9
dec. in acreage
76
75
92,232
86-4
. . .1
8,188 90
9,335 91
5,962 102
4.295 90
2.976 87
6,707 99
7,505 90
1.489 81
1,320 67
1,439 83
5,816 41
.3,204
95
3,103 91
1,457 82
+4-7
8S.032 87-5 94.014
81
89
90
86
87 '<J
other Statas
having a million acres or more are as follows:
Condition July
Acreage
1.
Stales—
Georgia.
with, last yr.
108
104
101
9U
101
101
105
104
113
110
Alabama
North Carolina
Arkansas
Mississippi
Virginia
South Carolina
South Dakota
Indian Territory
Oklahoma
104
Louisiana
The average ooadltion
>
Ten year
compared
903.
1904.
1903.
85
92
82
77
94
84
79
87
71
85
85
86
89
91
90
91
93
91
87
96
96
90
87
86
88
78
78
95
74
83
86
93
72
on July
average.
86
88
91
88
86
90
86
Si
88
91
87
was
S2-7. as com"
pared with 85 5 last month. 78*7 on July i 1904, 78*8 at the corre'
epondlng date in 1903 and a ten-year average of 77 8.
The following table shows for each of the States having one million
acres or upward in winter-wheat tha condition on July 1 In each of the
last three years, and that on June 1 1905, with the ten year July
of winter-whsat
1
84
73
86
87
80
89
87
91
93
93
93-7
937
82 6
89-3
90
97
94
90
92
95
89
93
96
95
90
73
87
91
84
91
92-1
929
89-8
84-3
88-5
-
averages
Stales—
Kansas
Missouri
.
Nebraska
Indiana
California
Ohio
,
Illinois
Pennsylvania.
Oklahoma
Texas
Michigan
United States
June
July 1
July 1
Ten-year
1905.
1904.
1903.
average.
80
80
92
95
64
90
84
96
65
66
96
78
84
93
94
78
95
80
94
75
76
95
S3
83
89
63
70
60
83
79
69
72
57
86
90
69
73
82
67
90
90
90
87
76
75
82
66
79
69
66
84
81
78
69
82-7
855
78-7
78-8
77-8
1
t>0
92
89
90
90
and a ten-year average of 89-1,
Theaveiage oondltlon of spring rye on July 1 was 930, as compared with 90-8 on July 1 1904, 88 3 at the corresponding date in
1903, and a ten-year average of 88-4.
The indicated yield of the principal crops for 1905, as
figured out by us on the baeis of the acreage and condition
percentages, is as follows, the total crops as reported by the
Agricultural Department for 1904, 19j3 and 1902 being
appended for comparison.
1905.
1904.
1903.
1902.
Bushels.
Bushels.
Bushels.
Buthels.
2,6i;5,00O,O00 2,167,480,934 2,244,176,925 2,523, U48.312
Wiu. wheat.. 3»3,00ii,0n0 332,935,346 39:-»,8e7,250 411,788,666
219,464,171
Spr'g wheat. 305,000,000
237,954,585 258,274,342
f!orn
956.0DO.OOO
894,595,552
784,094,199
987,842,712
largely laid by. except in the more northerly districts.
Winter Wheat.— Winter wheat harvest continues in the more north-
erly districts and is largely finished elsewhere. Rainy weather has
extensively interfered with threshing and has caused damage to grain
in shook in portions of the Middle Atlantic States and central valleys.
The abnormal heat on the north Pacific coast during the latter part of
the week probably caused damage to the wheat crop in Washington.
Spring Wheat.— In portions of South Dakota and Minnesota spring
wheat on lowlands has suffered from overflows, bat elsewhere in the
spring-wheat region the orop is in promising condition. Bust continues in South Dakota and Minnesota, though not materially increasing, and is beginning to appear in North Dakota. The orop is now
heading in the northern portions of Minnesota and North Dakota.
Spring wheat continues promising on the north Paoiflo coast, though
exposed to trying heat conditions during the latter part of the week.
Oats.— Both standing and harvested oats have suffered considerably
from wet weather, which has caused lodging, hindered harvesting, and
injured oata in staok or shook. A fine orop, however, is generally
indioated.
exports of ttraia and Flour from Pacific Forts.— The
exports of grain and flour from Pacific ports for the week
ending July 13. as received by telegraph, have been as follows:
From San Francisco to Japan and China, 6,510 bbls. flour,
to various South Pacific ports, 3,701 bbls. flour, 400 bushels
wheat, 800 bushels corn, 5,600 bushels barley and 430 bashels
oats.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1905, comparison being
made with the corresponding period of 1904.
-
July 1
1905.
average.
The average condition of barley on Jaly 1 was 915, against 93-7
one month ago. 88*5 on July 1 1904, 86'8 at the corresponding date In
1903, and a ten-year average of 38-3.
The average condition of winter rye on July I was 92-7, as compared with 88 on July 1 1904, 90-2 at the corresponding date In 1903,
is
-
all
97
94
95
97
92
88
—
I3F* Three ciphers omitted (,000) from acreage figures.
* Acreage figures for 1904 are the revised results of the AgriculOwing to this
tural Department issued at the oioae of the year.
revision, the 1905 acreage exhibits an increase of only 1'9 per cent,
instead of 2 3 per cent, as given by the Department.
The acreage aad condition percentages for
92
95
92
93
Government Weekly Grain Report, Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending July 10 as. follows:
Corn.—The corn crop has experienced a week of very favorable conditions for growth, except in the upper Missouri Valley, where its
progress has been rather slow on account of lnsuffioient heat and laok
of sunshine. While rains have interfered with cultivation to some
extent, the crop as a whole is in a fairly good state of cultivation, and
+3-0
-6-3
Ten year
1
1903.
87
97
96
96
94
Nebraska
Oats
8;
88
87
90
86
Si
9)
88
84
85
27,333
25,898
79-4
9,303
9,624
6.775
4,521
3,800
7,451
7,818
1,60 J
1.833
1,483
5,539
3.337
3,337
1,486
July
corresponding date In 1903.
The amount of wheat remaining in the hanls of farmers on July 1 Is
estimated at about 24,257,000 bushels, equivalent to about 44 per cent
of the crop of l*st year.
The average oondltlou of the oa:s crop on July 1 was 921, a9 compared with 92-9 las'; month, 89-8 on July 1 1901, 84-3 at the corresponding date In 1903, and a ten-year average of 835.
The following table shows for eaoh of the principal oats States the
condition on Jul,- 1 In each of the last three years, and that on
June 1 1905, with the ten-year July averages
June 1
July 1
July 1
July I
Ten-^year
1905.
1904.
Stales —
1805.
1903.
average.
96
Iowa
94
89
88
94
89
86
Illinois
93
76
86
95
Wisconsin
96
93
90
91
93
95
94
Minnesota....
87
92
United States
-
1
1904.
910
United Btates
—
Preliminary returns to the Chief of the Bureau of Statistics of the
of Agriculture show the acreage of corn planted to be
about 94,011.000 aores, an increase of about 2,080,000 acres, or 2-3
per cent, on the area planted last year.
The average condition of the growing crop on July 1 was 87 3, as
compared with 864 on July 1 1904, 79-4 at the oorresponping date in
1903 and a ten-year average of 87 6.
The acreage and condition of corn for a series of years
is as follows:
July
The average condition on July 1 of sprin? and winter wheat combined was 85-8, as compared with 84-5 on July 1 1904 and 80 at the
Agricultural Department's Report on Cereal Crops, New York
Pennsylvania
&c, to July 1. The Agricultural Department issued on the Ohio
11th inst. its report on the cereal crops for the month of
Department
1
87
92
91
91
102
Indiana
Jane, as follows:
June
Vol. lxxxi.
1905.
1905.
Minnesota
North Dakota.
South Dakota.
Iowa.
Washington
30 '8
33?8
1
The average condition of spring wheat on July 1 was 910, as compared with 93-7 last month, 93-7 on July 1 1904, 82 '5 at the corresponding date in 1903, and a ten-year average of 89-3.
The following table shows for each of the five principal springwheat States the condition on July l in eaoh of the last three years,
and that on June 1 1905, with the ten-year July averages
Mxporls
from—
dan Fran.
PngetS'd
Fiour,
Wheat,
bbls.
bush.
Oorn,
bush
Oats,
bush.
Barley,
bush.
10,732
1,000
1,100
400
10,732
32,311
1.C0J
1.400
400
buth.
5,800
5,600
80,000
Portland
Total....
rot.
1904.
The aggregate exports from the United States
and wheat
from July
four years.
of
wheat
expressed in busaels, for the twelve months
to June 33, inclusive, have been as follows for
flour,
1
WHEAT EXPORTS FROM JOLT
1904-05.
4,391,061
Wheat, bashels
Flour, reduo. to bush.39, 403,117
Total bushels
1
1903-04.
TO JDNE
30.
1902-03.
1901-02.
44,158,741 113,454,452 153.S92.723
75,282,975 87,493,185 78,791,517
43,797,178 119,441,719 200,947,637 232,684,240
The movement of
breadstuffs to market as Indicated in the
itatements below is prepared by us from figures collected
The receipts at
by the New York Produce Exchange.
Western lake and river ports for the week ending July 8
and since Aug. 1, for each of the last three years, have been:
.
July
Hr etty;$
THE OUKONICLE
15, 1905.|
Whtat.
Flour.
.
Corn.
Barley.
IhitS.
RMs. 196 H>« Bush.60 lbs BusKtOlba Bush 39
155.000
73.040
104.349
Chicago
Milwaukee.
Dalnth
Mlnnoapolti
Toledo
1
Hit.
Bush.iSlbs
III*.
68
ll».
3,303.800,
1,269.451
35P,01l|
4.C0O
IT, 100
180,90>
90,250
6.400
64.3C3
59,111
KM
8H.690
]
1
624.800
25,5l-'0
30,000|
178,1 S0|
lr'O.OSi
SB.Oll]
63.188
31,011
8C5.809
3,800
»75
7,940
200
805
0,(397
31S.HU
87,126
688.3C9
338 515
U 0,980
8,600
7,300
153,801
250,000
S81.000J
204,000|
2S7,7tU
1,878.048
4,811,535
8,687,28s
493,583
as.eio
1,750.857'
2.067.089
3.2.-i7
408
40,417
2,(143,^95
4,014,431'
4,235.3di
898.998
498.173
Clereland ..
St. Louie ...
Peoria
Kamai
lbs
(
53.9861
C 0,000
Detroit
CltT
Tot.wk.llWf
Same wk. 'Cl
Same wk. '03
8inc4 Aui. 1
5,000
4.5C0
108.0CK
1
816.773
449,9f5
142,123
16,101,368 197,896.324 138,148.490 166,370,191 64,553.916 8,534.453
18,317.687 811.187 268 164.734.210 163.030,88!j 64.533,356' 7,561.898
19.478.W8 S88.519 l."0 168.71 8.404 183.184.510 65.047,?8l' 9.1S8.718
1004-6
ieos-4
1903-3
Total receipts of flour and grain at the seaboard ports for
the week ended Jaly 8 1905 follow:
flour.
New
York.
..-..
...
Wheat,
bbls.
at—
Receipts
bush.
90.018
Boston
61.
83.058
12,480
8,150
6,865
8.608
Corn,
bush.
890.550
69.077
94.691
103,700
8,390
WO
21,80
Philadelphia
Baltimore
,
Richmond
Newport New*.
...
......
New
Orleans'
GalTeston
Montreal
Mobile
19,830
908.618
19,440
'
Oats,
bush.
867.700
81.883
70.726
8C0
£00
073
iotfsT
••••
750
733.766
1,(21.968
1,444,863
84,373
40,799
1,773
1904
9,828,994
1903.
10,948.915
1902.
10,664,398
bush. 11,780.460
bnsh. 61,356,384
bush. 24.1K6.240
bnsh. 4.103.787
198,016
bush.
22.23S.18l
31.434,049
83,217,163
1,847,409
613,609
60,364.513
64.733,016
28.255.R90
2,170,735
8,872,917
56,778,718
10,709,307
22,843,f3t
1,490,909
1,732,820
bnsh.101,534,766
78,350.111
148,296,570
92,560,693
bbls.
Wheat
Corn
Osta
Barley
Kye
Total (train
The exports from the several seaboard ports for the week
ending July 8 1905 are shown In the annexed statement:
Wheat,
Exports from— bush.
New York
Boston
48,000
Philadelphia
Baltimore
Corn,
Flour,
bbls.
bush.
80,539
100
Newp'rt News
NewOrleans
Total week..
238,133
48,771
867
81.418
19,973
57,967
21,498
1
1905.
is
1,174
2,216
week and
89.305
Same time '04. 3v2,(.ll 406,308
84 623
The destination of these exports for the
Jnly
bush.
1,174
750
'8 442
689.2S8
Peas
470
9,600
6.570
153,487
10,494
184.133
Mobile.
Barley,
bush.
37,994
"786
853
2,528
Galveston
Montreal
Rye,
bush,
Oats,
bush.
854.819
93.088
42.857
35,664
27,*60
6.786
6.758
23.203
8,655
since
as below:
Wheat.
Exports for
Week Since July
weik ana sines
July 8.
1 1905.
July 1 to—
bbls.
bbls.
United Kingdom.
30,678
30.578
20,544
Continent
20,544
8. & C. America..
10.S89
10.2S6
Week
July
8,
1
Corn.
.
Since July
1905.
Week
July
8.
1
Since July
1905.
15,696
15,895
bush.
233,931
416.748
1,083
81,770
Other coontriei.
646
693
646
893
2,700
bush.
i80.93l
410.748
1,<83
31,778
50
2,700
Totai
Total lbOS^H.....
78.448
84.525
78,412
81,526
0'9.283
400,308
100 308
West Indies
Br. N.
Am,
Colo's
bush.
153,116
80,016
bush.
152,118
80,010
60
232.133
392.011
233.153
392.011
689,2 C 8
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, July 8 1905, was as follows
:
Wheat,
bush.
238,000
New York
Do
Boston
Galveston
Montreal
Toronto
...
11,000
653,000
228.0C0
43,000
1,628,000
404,000
280,000
863,000
1,000
iz'e'.ooo
12,000
289,000
104,000
i
21.066
"l,bo6
4,000
829,000
760,000
69,000
1,000
iM.bbo
23,000
107,00v
665,006
106,000
214.000
81,000
17.OC0
1,7*3,000
280,000
21,000
1,000
168,000
8,000
16,000
iii.obo
78,000
148,000
'87,000
140,000
20,000
£61,000
72,000
1,606.000
26,000
108,000
268,000
9,000
35,000
8.1905.13.488.000
1, 19O6.14.28S.0t0
4,453,000
3,570,000
8,174.000
7,460,000
7,257,000
4,437,000
795.000
80-.000
815,000
1,38';,'JOO
afloat
196,000
'
40,000
afloat
Fort William.
Port Arthur
Dnlnth
8,349.000
810,000
659,000
afloat
Minneapolis
6,769,000
1,106,000
St. Ix>uis
Do
bush.
66,000
606,000
Milwaukee
Do
Barley
afloat
Chicago
Do
834,000
32,000
78,000
95,000
98,000
86.000
Rys,
bush.
147,000
afloat
Detroit
Do
Oats,
bush.
afloat
Toledo
Do
13,000
119,000
19,000
698,000
43,000
Buffalo
Do
'49,000
41,000
71,000
46.000
afloat
Philadelphia
Baltimore
New Orleans
Do
bush.
198,000
48,000
4,000
197,000
In store at—
Corn
afloat
Kansas City
321.000
Peoria
Indianapolis
On Mississippi Rlv
On Lakes
On canal and river
Total July
Total July
Total July
0,
.
1*04. 13,545,000
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending July 10 were 1,720
packages, valued at f 1(3,572, their destination being to the
points specified in the tables below
1905.
1904.
10.
Since Jan. 1
Week.
Since Jan.
I.
»'••
1905.
5,266,941
Receipts of-
upon prices- There have been a few Insignificant sales for
export during the weeftr, but the higher prices now asked
have prevented the consummation of promised business.
Sales of men's wear light-weight woolen and worsted goods
have again been heavy during the week, and practically all
lines may now be said to be open.
Week.
" 1.878
768,470
Week 1904..
957
Total receipts at ports from Jan. 1 to July 8 compare as
follows for four years:
Floor
tne future course that in many instances they have held
their goods at value, or have withdrawn them altogether
from sale. There has been nothing In the situation to tempt
buyers to operate freely, and they have confined their purchases to goods that were urgently needed, and for which
they have had to pay full asking prices. While the rawmaterial position has been an important factor in the situation, the principal irfluenoe continues to be the sold-up condition of the mills. Manufacturers are assured of an active
period for some time to come without accepting new business, and for this reason are not inclined to force sales even
Any decline in cotton, while it might be
at present prices.
followed by the placing again of several lines on the market
which are now withdrawn, would have no appreciable effect
Nbw yokk. to July
'80.600
10,414
600,866
673,130
Rye
bush.
223
30,880
81,000
1,400
857
179 eu
273.487
Barley,
bush.
81,700
41.2'>6
839,tf80
15.3
291,8 Su
14.363
Total week...
:
2,000
24,000
B65.000
870.000
THE DRY GOODS TRADE.
New York, Friday, P. M„ Jnly 14 1905.
As might have been expected as a result of the happenings in the raw-material market, there has been little actual
business Daseing in the cotton goods market during the week.
On the whole a higher level of prices exists to-day than that
of a week ago, but sellers have aoted with a fair degree of
conservatism, and have refrained from advancing them to
that point where the demand would be entirely shot off. On
the other hand, manufacturers have been so uncertain as to
Great Britain
Other European
Ulna
.
7
35
657
411
106
73,571
8,863
13,247
5,763
15,705
1,392
9,782
31,888
10,231
1,720
India
Arabia.
Vfrloa
West Indies
171,460
11
466
S3
Mexico
Central America.
South America...
Other Countries.
Total
The value
of these
1,062
366
477
5
9,075
879
890
21
46,612
4,420
12,302
5,912
10,294
1,185
7,800
28,675
8,318
10,706
126,391
56
......
251
18
New York exports since Jan.
1
has been
(9.201.597 In 1905, against $7,703,179 in 1904.
There has been a moderate demand for heavy brown drills
and sheetings from home buyers, and in the case of the former late deliveries have been taken and full prices have been
paid. Light-weight sheetings continue among the strongest
of lines, and it is impossible to secure delivery of goods as
early as the majority of buyers would wish. There have
been a few sales of 3-yard sheetings to China, but apart from
this there has been little in the way of export business.
Manufacturers are not particularly concerned about this,
however, as they are well sold ahead in nearly every instance. Bleached goods are in a very strong position from
the seller's point of view and further advances have been
announced during the week. There are practically no 4-4
goods on hand and the majority of inquiries are for spot
goods.
Wide sheetings, sheets and pillow cases are all firm
at recent figures.
Both denima and ticks have been further
advanoed during the week and many lines of coarse, colored
cotton goods are so well conditioned that they are being held
at value. Cotton linings have again been advanced but the
volume of business has not been large. Prints have been
advanced but there has been little doing in either staples or
fancies, and the future of these lines continues uncertain.
Ginghams show no actual change, butjprices are very firmly
held and business has not been heavy. Print-cloth regulars
are nominally quoted at 8)£c., but practically no business
has been transacted, as buyers are not inclined to acoept the
prices asked.
Woolen Goods.— Praotioally all lines of men's wear
light-weight woolen and worsted fabrics are now open,
either publicly or privately, and buying during the week has
bean on an extensive scale. Most of the orders placed up to
the present time have been for low-grade lines of woolens and
cotton worsteds, but a good business has also been done in
higher priced goods. Most of the latter has been done at
definite prices, but in some cases orders have been taken at
prices to be quoted when the lines have been formally
placed upon the market. On the whole, buyers are agreeably surprised at the moderation of sellers, and the expected
heavy advances have not been demanded. In most instances
there has been no commensurate advance in the price per
yard on the finished fabric with the advance that has occurred in the raw material, and his can only be due to the
different construction of the goods compared with last year.
Apart from price considerations, there is a genuine demand
for new fabrics, which is partly responsible for the changes
in construction that have occurred.
Goods have been reduced in weight, enabling sellers to offer them at prices that
seem comparatively cheap. In spite of thlp, it is expected
that the raw material situation will cause buyers to place
their orders more quickly than usual, fearing that if they delay they may not be able to purchase so cheaply later on. On
the other hand, there is no element of speculation In the situation, prices belDg too high for buyers to purchase more
than they are likely to actually need. Spring dress goods
are not yet ready to be shown.
Foreign Dry Goods.— Foreign worsted and woolen dress
i
goods agents are doing practically nothlrig at present, and
moat of them are taking their vacations. Silks are quiet and
ribbons steady. Linens are firm, but the demand la poor.
Burlaps continue firm, with little doing.
THE CHRONICLE.
224
—
by a vote
$40,000
News
—
Items.
—
Connecticut. Savings Bank Investment Bill. The Legislature passed and the Governor has signed the bill making
legal as investments for savings banks the Atlantic Const
Line Railroad first consolidated mortgage four per cent bonds
of 1902, due July 11952.
Japan. New Loan. Messrs. Kuhn, Loeb & Co., the National City Rank and the National Rank of Commerce opened
books on July 12 (and closed same day) for subscriptions to
the new £30,000,000 ($150,000,000) 4}/
5-20-year (op2
tional) loan of the Imperial Japanese Government, one-third
of which loan has been allotted to this country, one-third to
England and one-third to Germany. The loan was offered
at 87<Hj% and accrued interest, payment to be made as fol-
—
—
%
lows:
On
On
—
Barnesville, Minn.
Bonds Voted. This city on June 29
of 203 to 40 authorized
the issuance of
B
'r.
[Vol. lxxxi
application.. $25 00 per £100 bond
Aug. 3, 1905.. 25 00 per £100 bond
I
On Oct.
16,
1905.$393 97 per £100 bond
$443 97 per £100 bond
Total
The loan is secured both as to principal and interest by a
charge upon the annual net revenues of the Imperial Japanese Government tobacco monopoly, subject to only a prior
loan of £30,000,000 put out last March. The estimated net
AYz%
30-year water-works bonds.
Proposals for
these bonds will be received until Aug. 5 by M. P. Philippi,
City Clerk.
Bay St. Louis, Miss. Bonds Authorized. The City Council on July 3 authorized the issuance of $5,000 additional
—
and
city-hall
—
bonds.
jail
Bond
Bemidji, Minn.
Election.
— Local papers state that
an election will be called shortly to vote on the question of
issuing $10,000 funding bonds.
Bird Island, Minn. Bonds Voted. This village on June 27
by a vote of 121 to 47 authorized the issuance of $6,000 gas-
—
—
plant bonds.
—
—
Bowman
(S. C.) School District No. 65.
Bond Offering.
are advised that the 85,000
coupon-school bonds
mentioned in V. 80, p. 1985, will answer to the following description:
Denomination, to suit purchaser. Date July 1
1905.
Interest semi-annual.
Maturity ten years. Securities are exempt from taxes.
Ronded debt, this issue. Assessed valuation, $72,455; real value, about $150,000.
Proposals for these bonds will be received at any time by S. A.
Fair, Clerk Roard of Trustees.
Braintree, Mass.
Temporary Loan. A loan of $25,000
was recently negotiated with Loring, Tolman & Tupper of
Roston at 3' 58% discount. Loan was made in anticipation
of the collection of taxes and will mature Dec. 27 1905.
Bratenahl, Ohio. Bond Sale. The following bids were
received on July 10 for the $3,650 82
Rrighton Road
assessment bonds described in V. 80, p. 2474.
We
5%
—
—
revenue from this source is 32,011,072 yen, which, at the exchange of two shillings and halfpenny per yen, is equal to
£3,267,796 18s. 8d. Other interesting features of this loan
5%
will be found in the advertisement on page xiv published in
this issue by the syndicate as a matter of record.
W. J. Hayes & Sons, Cleveland.. $3, 697
$3,669
S. A. Kean, Chicago
Kansas.—Oil-Refinery Act Unconstitutional The State Lamprecht Bros. & Co., Clevel'd. 3,697 Hayden, Miller & Co.. Cleveland. 3,665
P. S. Briggs & Co., Cincinnati... 3.087
Supreme Court on July 7 declared unconstitutional the Act
Bristol, Vt.
Bond Offering. Proposals will be received
passed by the 1905 Legislature which provided for the issuat any time by the village of Rristol for $55,000 4% waterance of $210,000 bonds for an oil refinery in connection with
a branch penitentiary. An editorial setting out the points works bonds. Denomination $1,000. Date July 1 1905.
Interest semi-annually at the First National Rank, Rristol.
of the decision will be found on page 182 of this issue.
Maturity $1,000 yearly on July,l from 1910 to 1964 inclusive.
Ronded debt, this issue. Assessed valuation, 1905, $800,Proposals and Negotiations this week 000. F. R. Dickerman is Village Treasurer.
Bristolville (Ohio) School District.
Bonds Voted Bond
have been as follows
This district on July 10 by a vote of 44 to 35 authOffering.
Abbeville, La.—Bond Sale.— On July 3 the $40,000 5% orized the issuance of $6,000 5% school-house bonds.
Prowater, sewer and light bonds described in V. 80, p. 2474, posals for these bonds will be received until 6 p. m., Aug. 11.
were awarded to L. O. Rroussard, Cashier of the Rank of Interest semi-annual.
Abbeville, at par and interest.
Bronxville, Westchester County, N. Y.
Bond Sale. On
Abilene, Caddo County, Okla. Bonds Registered. The July 11 $8,000 5-12-year (serial) registered low-level sewer
Territorial Auditor recently registered $5,000 refunding bonds and $21,000 5-25-year (serial) registered White Plains roadof this town.
extesion-sewer bonds were awarded to Edmund Seymour &
Aliquippa, Pa. Bond Sale. We are just informed that Co., New York City, at 101 "67 and accrued interest for 4 per
this borough on March 1 awarded an issue of $15,000
Following are the bids:
cents.
water-works bonds to Rrowne-Ellinwood Co. of Chicago Edmund Seymour & Co. (for 4s). 101-67 W. J. Hayes & Sons(for 4s)
100-55
for $15,533.
(Ior3-90s)10013
Securities are dated March 1 1905.
Interest
semi-annually at the Monaca National Rank.
Date July 15 1905. Denomination $1,000. Interest
Alpha School District, Fresno County, Cal. Bond Sale.
semi-annually at the Farmers' Loan & Trust Co., New York
On July 3 $2,000 6% school-building bonds were awarded to City. Present bonded debt, $21,000. Assessed valuation,
The Oakland Rank of Savings, Oakland, at 103-233. De- $1,400,000.
nomination $400. Date June 22 1905. Interest annual.
Brookhaven, Miss. Bonds Authorized. The Mayor and
Maturity $400 yearly on June 22 from 1906 to 1910 inclusive. the Roard of Aldermen have passed a resolution to issue
Anaconda, Mont. Bond Election Proposed. There is talk $10,500 refunding bonds.
of calling a special election to vote on the question of issuing
Bryan (Tex.) School District. Bonds Registered. On
bonds to fund the floating and to refund the outstanding July 5 $6,000 4% school-house bonds were registered by the
bonded indebtedness of the city.
Date Feb. 1 1905. Maturity 25 years.
State Comptroller.
Ann Arbor (Mich.) School District. Bond Offering.
Buckland School District (Village), Ohio. Bond Offering.
Proposals will be received until 7:30 p. m., Aug. 8, by G. J.
Proposals will be received until 12 m., July 27, by Jacob
Ray, Secretary Roard of Education, for $200,000 4% coupon Rrorein, Clerk of Roard of Education, for $4,800 5% schoolhigh-school building bonds.
Denomination $1,000. Date building bonds. Denomination $150. Interest semi-anSept. 1 1905.
Interest semi-annually at the State Savings nual.
Maturity $150 on April 1 and Oct. 1 in each year
Rank, Ann Arbor. Maturity $5,000 in 1914, 1915 and 1916, from 1910 to 1925 inclusive.
$6,000 in 1917, 1918 and 1919, $7,000 in 1920, 1921 and
Buffalo, N. Y.—Bond Issue.— The issuance of $8,308 10
1922, $8,000 in 1923, 1924 and 1925, $10,000 in 1926, 1927 4% Department of Public Works bonds has been authorized.
and 1928, $12,000 in 1929, 1930, 1931 and 1932, $14,000 in Under the ordinance these bonds are to be taken at par by
1933, $15,000 in 1934 and 1935. Certified check for 1% of the N. Y. C. & St. Louis Grade Crossing Sinking Fund as an
bid, payable to John R. Miner, Treasurer, required.
Pur- investment. Ronds are dated July 1 1905 and will mature
chaser to furnish blank bonds.
July 1 1906.
Arkansas City, Kan. Bonas Voted. This city on July 7
Bynum, (Tex.) Independent School District. Bond Elecvoted to issue $45,000 bonds in aid of the Midland Valley tion. An election will be held Aug. 5 to vote on the question
Railroad.
of issuing $5,000 5% school-building bonds.
: Aspinwall (Pa.) School District. Bond Sale. The two
Debenture Sale. On June 30 the $60,Calgary, Alberta.
issues of 4>£% bonds, aggregating $22,000, offered on June 000
5% 30-year and the $8,000 5% 20-year debentures de29, have been sold to parties not named.
See V. 80, p. 2634, scribed in V. 80, p. 1985, were awarded to Wood, Gundy &
for description of bonds.
Following are the bids:
Co., Toronto, at 106 994.
Atchison, Kan. Bond Sale. On July 1 $10,000 5%
Aemilius, Jarvis & Co., Toronto. $70. 040
Wood Gundy & Co Toronto. ..$72,756
1-10-year North Sixth Street improvement bonds were Dominion Securities Corporation 72,415
69.020
J. M. Robinson & Co...
72,146
Geo. A. Stimson & Co.. Toronto. 68,681
Gay & Co., Montreal
R. H.
awarded to the Exchange National Rank, Atchison,
—
—
—
—
Bond
—
—
—
—
—
—
—
—
—
4^%
I
I
—
—
—
—
—
—
—
—
—
Denomination $500.
annual.
—
—
—
—
-
,
1
1905.
at par.
Interest semi-
—
Auburn, Me. Temporary Loan. This city has borrowed
$35,000 from Loring, Tolman & Tupper of Roston at 3" 59%
discount.
Loan is in anticipation of the collection of taxes
and will mature Nov. 3 1905.
Augusta Water District, Me. Bond Sale. On June 29
$228,000 4% water-supply bonds were awarded to Estabrook
& Co., Roston, at 107'25 and accrued interest. Denomination $1,000.
Date Aug. 1 1904. Interest semi-annual. Maturity Aug. 1 1934.
Avalon, Pa. Bonds Authorized. The borough Council on
—
—
—
—
—
Date July
—
—
—
—
—
—
—
—
July 6 authorized the issuance of $3,500 health-department,
$5,000 bridge and $2,000 borough-hall-improvement bonds.
These bonds were voted at the election held June 3.
.
Geo. B.
W.
,
Woods
C. Brent. Toronto...
71,570
71,359
C.
H.
Collin (for SOO.OOO)
59,750
—
School District, Cass County, 111. Bond
On June 20 $8,000 5% school-building bonds were
Sale.
awarded to the People's State Rank of Chandlerville at
Denomination, $500. Date, July 1 1905. Inter106-50.
est, annual.
Chanute, Kan. Description of Bonds. In our issue of
July 1 we recorded the sale of $39,500 municipal and $7,000
refunding bonds. These bonds answer to the following deChandlerville
—
—
—
scription:
refunding water works bonds. Denomination. SI, 000, except one
June 1 1905. Interest, February and August.
1910 and $10,000 on June 1 of the years 1911,
1912 and 1913. Bonds were sold at par to H. C. Speer & Co. of Chicago
refunding sewer bonds sold to John Nuveen & Co. of Chicago.
7 000
Denomination, $1,000. Date. April 1 1905. Interest, January and
•
•
July. Maturity, April 1 1910.
S39 500
b\i%
Date,
for $500.
Maturity. SO. 500 June 1
bond
5H%
•
•'
•
— —
——
—— —
— —
—
—— — —
— —
—
— —
—
— —
THE CHRONICLE.
-Iily 15, 190o.|
225
Charleston, W. Va.— Bond Sale.— On July 6 the S60,000
20-30-year (optional) coupon-bridge bonds described in
V. 80, p. 2357, wore awarded to Seasongood & Mayer, Cincinnati, for $60,453 75 and interest.
Bonds Authorized. The City Council
Cleveland, Ohio.
on July 3 passed ordinances authorizing the issuance of the
following bonds:
iritics mature $1,000 Miirch
1906 and SI ,500 yearly
March 1 from 1907 to 1915 inclusive.
Essex County (P. O. Salem), Mass. Temporary Loan.
This county on July 10 negotiated a loan of $12,000 courthouse land notes with the Salem Safe Deposit & Trust Co
Salem, at 360%. Date July 20 1905. Maturity Jan. 20
1905.
psvln-..' and sewer bonds dated Aug. 1
Maturity. Aug.
$250. OiO 4
170.000 4<> fire-department bonds dated Auk. 1 1905. Maturity. Ann.
5'\ street-improvement bonds dated Aug. 1
1005.
Maturity
30,000
Fairview, Mich. Bonds Authorized. The Village Counhas authorized the issuance of $26,000 street-intersection
bonds.
Debenture Offering.
Fernie, B. 0.
Proposals will be received until 10 a. m. July 20, by Calvert Varty, City Clerk,
for $60,000 5% water-works and $40,000 5% sewerage debenDenomination, $100. Interest, annual. Maturity,
tures.
4%
—
i
:
200.000
23,000
1909 and 1910.
refunding water bonds dated Oet.
refunding sewer bonds dated Oet.
»'">
1
i%
1
Denomination SI ,000.
1905.
1905.
Miturlty, Oet.
Maturity, Oct.
1
1
I
1916
1
19]
i
$4,000
1920
1920
Interest semi-annual.
On July 5 the $7,000 gold
electric-light bonds described in V. 81, p. 44, were awarded
to W. J. Hayes & Sons, Cleveland, at par for four per cents.
and George
S. A. Kean, of Chicago, also offered to take
bonds.
M. Hahn, of New York City,
2
Coahoma County (P. O. Clarksdale), Miss. Bond Offering.
Proposals will be received until Aug. 7 by W. H. FitzGerald Jr., Clerk of the Chancery Court, for $50,000
bonds. Interest semi-annual. Maturity July 1 1930. Certified check for
of the amount bid required.
Colorado Springs, Colo. Bond Election. On July 18 a
special election will be held to vote on a proposition to issue
Clinton, N.
Y.— Bond
Sale.
—
4%
4V %
—
5%
5%
—
4%
refunding bonds.
Columbia School District, Lancaster County, Pa. Bond
Proposals will be received until 7 p. m., July 25,
Offering.
by Charles E. Taylor, Chairman Finance Committee, for
$30,000 4% 10-30-year (optional) school bonds. Denominations $500 and $1,000.
Interest semi-annually in February and August. Bonds are free from taxes. Bonded debt
of district, including this issue, $53,000.
Assessed valuation, $3,548,555.
Covington, Ohio. Bids. Following are the bids received
June 26 for the $4,000 5% coupon water-works bonds awarded, as stated last week, to A. C. Cable of Covington:
A. C. Cable. Covington
$4,180
W. R. Todd & Co., Cincinnati... $4, 166
Seasongood * Mayer. Cincinnati. 4 186
Cumberland County, Tenn. Bond Sale. On July 1 the
$25,000 5% 10-20-year (optional) court-house bonds described
in V. 80, p. 2475, were awarded to Seasongood & Mayer,
$340,000
—
—
I
—
1906.
—
thirty years.
Fork School District No. 26, Marion County,
Bond Offering. Walter F. Stackhouse, Attorney
—
—
Cincinnati, at 103" 569.
Danville, Va. Bond Sale.
This city has sold at par to
Wm. A. Read & Co., New York City, $74,000
refunding
bonds. Denomination, $1,000. Date, July 1 1905. Interest, semi-annual.
Maturity, July 1 1935.
Delhi, Ohio. Bond Offering.
Proposals will be received
until 12 m., July 31, by Thomas J. Logan, Village Clerk, for
—
4%
—
$3,000 5% coupon street-improvement bonds. Authority,
Section 2835, Revised Statutes of Ohio.
Denomination,
Date, July 5 1905. Interest, semi-annual. Matu$500.
rity, twenty years.
Accrued interest to be paid by purchaser.
Certified check for 5% of the gross amount of bid,
payable to the Village Treasurer, required.
Des Moines (Iowa), West Des Moines School District.
Bond Sale.— On July 6 $40,000 4% bonds of this district
were awarded to George M. Bechtel & Co., Davenport, for
$40,102 and accrued interest and blank bonds. The following bids were received:
Geo. M. Bechtel 4 Co., Day'p't*$40. 102
American Tr. A Sav. Bk., Chi. *$40, 000
German Sav. Bk., Des Moines. *40.000
N. W. Harris & Co., Chicago.. 40,000
—
—
—
—
S.A. Keen, Chicago
C. H. Come, Chicago
Detroit,
M.. *40,000
Mich.
Bonds
|
Authorized.
—The
issuance
$250,000 Boulevard bonds has been authorized.
Downey (Iowa) School District. Bonds Voted. This disdrict has voted to issue $5,000 school-house bonds.
Dunbar Township School District, Pa. Bond Sale. On
July 8 $32,000
school bonds were awarded to the First
National Bank of Connellsville at 101 and accrued interest.
Denomination, $500. Date, June 1 1905. Interest, semiannual. Maturity, $2,500 every two years, beginning in
—
—
4^%
$5,150
5,051
l
Robinson-Humphrey Co.. Atlan.$5.041
I
Bonds were awarded to S. A. Kean of Chicago.
On July
Gratis Township, Ohio. Bond Sale.
—
5%
1-5 (serial) Fairview
8
$1,500
Cemetery bonds were awarded to
W.
F. Gazell at 101*40.
Bond Offering. Proposals will be reGreenville, S. 0.
ceived until 6:30 p. m., Aug. 15, by W. B. McDaniel, City
coupon bonds issued to pay off
Clerk, for $125,000
floating debt and for street and sewer improvements.
Denomination $1,000.
Date July 1 1905. Interest semiannually at some bank or trust company in the cities of New
York, Boston, Chicago or Cincinnati, at the option of the
purchaser.
Maturity July 1 1935. Bonds are exempt from
city tax.
Certified check for
of the amount bid for, payable to the Treasurer of the city of Greenville, required.
Securities will be certified as to their genuineness by the InterState Trust Co., Greenville.
Bonded debt, incluuding this
issue, $318,500.
Assessed valuation, $3,465,662; actual valuuation, $10,500,000. These bonds were originally offered
—
4^%
3%
on July 1.
Grenada, Miss. Bonds Voted. This city on July 5
voted to issue $30,000 5% 5-20-year (optional) sewer,
water, light and paving bonds. The vote was 90 for and
23 against the issue.
Hamburg, N. Y. Bond Sale. On June 20 $22,050 streetpaving bonds were awarded to the Buffalo Cemetery Association at par for 4J4 P er cents.
Securities are dated March 1
of 1905 and they will mature one bond yearly for fifteen years.
I
Bankers' Life Ins. Co.. D.
•And accrued Interest.
S. 0.
for the
Trustees of this district, is offering for sale $2,800 6%
20-year bonds authorized by the General Assembly of 1905.
Fort Washington School District, Fresno County, Cal.
Bond Sale. An issue of $2,000 6% 1-5-year (serial) schoolhouse bonds has been sold to the People's Savings Bank
at 103 '60.
Denomination $400. Date June 7
of Fresno
Interest annual.
1905.
Bonds Voted. By a vote of 57 to 23
Gainesville, Tenn.
this town on July 8 authorized the issuance of $6,000 schoolbuilding bonds.
Tax Levy Voted. This county on
Garfield County, Okla.
June 27 authorized a tax levy of 5 mills to build a $100,000
We are informed that no bonds will be issued
court house.
but that the building will be paid for in county warrants.
Bond Sale. Following are the bids reGraceville, Fla.
ceived June 22 for the $5,000 6% 20-year school-building
bonds described in V. 80, p. 2416.
I
1
—
cil
for sale
—
—
Interest March and September at the People's Bank of Hamburg or at the Hanover National Bank of New York City.
Hamilton (Town), Ravilli County, Mont. Bond Sale.
On July 3 the $10,000 5% 10-20-year (optional) city-hall
bonds described in V. 80, p. 2476, were awarded to Kane &
Co., Minneapolis, at 101*57, accrued interest and blank
bonds free of charge. Following are the bids:
101-57
Kane 4 Co., Minneapolis
N. W. Halsey 4 Co., Chicago... 10000
100-00
Brown-Ellinwood Co., Chicago. 102-63
Union Bank 4 Trust Co
—
I
I
1907.
3.
—
A. Kean. Chicago
10030
* Accrued Interest and blank bonds.
|
—
Dyer, Tenn. Bond Sale. On July 1 $2,500 6% school
Hamilton County (P. O. Cincinnati), Ohio. Bond Sale.
bonds were sold to C. O. Ewel at 104-20.
East Palestine (Ohio) School District. Bond Sale. On On July 7 the $50,000 3^% 25-50-year (optional) County
July 7 the $19,000 5% coupon school-building bonds de- Insane Hospital-improvement bonds described in V. 80, p.
scribed in V. 80, p. 2476, were awarded to Seasongood & 2476, were awarded to Seasongood & Mayer, Cincinnati, at
Mayer, Cincinnati, at 106" 569 and interest. Following 100*056 and interest. This was the only bid received.
Hancock, Mich. Bonds Voted. This city on July 10 by
are the bids:
Seasongood 4 Mayer. Cincinnati $20,248
New First Nat. Bank. Columbus .$20,016 a vote of 506 to 65 authorized the issuance of $18,000 park
W. J. Hayes 4 Sons. Cleveland. 20 239
W. R. Todd 4 Co.. Cincinnati.. 19,950
Full details of
interest.
Denlson. Prior <k Co., Cl.ABost. 20.143
F. L. Fuller 4 Co.. Cleveland... 19.950 bonds to carry not exceeeding 5%
Well, Roth * Co.. Cincinnati... 20.121
19,855
S.A. Kean, Chicago
issue and date of sale not yet determined.
19.K50
P. S. Brlegs * Co.. Cincinnati.. 20.102
Sec. Sav. Bk. 4 Tr. Co.. Toledo.
Hoehler 4 Cumralnes. Toledo.. 20.087
Hanford High School District, Kings County, Cal.
First Nat. Bank. Barnesvllle... 19.401
R. Kleybolte 4 Co.. Cincinnati. 20,065
First Nat. Bank. East Palestine. 19,100
Bond Sale.— On July 1 the $10,000 5% 10-14-year highLamprechtBros.4Co.,Cleved- 20.062
school-building bonds, mentioned in V. 81, p. 45, were
Bonds mature "$1,500 each year on and after 1908."
at 10507.
Elmhurst (111.) School District No. 46.—Bond Sale.—On awarded to E. H. Rollins & Sons, San Francisco,
Denomination $500. Date June 6 1905. Interest annual
July 10 the $10,000 5% 1-4-year (serial) bonds described
Hanover Township School District, Morris County, N.J.
in V. 81, p. 170, were awarded to the Elmhurst State Bank
Bonds Voted. This district on July 6 voted to issue $40,of Elmhurst at 101-80 and interest.
Following are the bids:
000 school bonds.
Elmhurst State Bank
101-80
MacDonald, McCoy 4 Co.. Chic. 100-88
N. W. Halsey 4 Co.. Chicago... 101 52
100 oo
Addison State Bank
Hazlehurst Miss. Bond Election. An election will be
8. A. Kean. Chicago
'J9-50
101- 50
H.L.GIos
in this place to vote on the question of issuing $10,000
Elyria, Ohio.— Bond Sale.— On July 7 the $14,500 5%
improvement bonds.
East Avenue improvement bonds described in V. 80, p.
Hazleton City (Pa.) School District.— Bund Sale. On
2415, bids for which were opened on July 3, were awarded to
Julv 11 the $38,000 4% coupon school-building bonds deW. J. Hayes & Sons, Cleveland, at 103-76 and interest. Fol- scribed in V.
e, New
81, p. 46, were awarded to Albert C.
lowing are the bids:
York City, at 103'JO and accrued interest. Following are
W.J.Hayes 4 Sons. Cleveland. $15,046
114.936
W. R.Todd Co.. Cincinnati
—
—
—
—
—
i
—
<
Seasongood
A Mayer. C1nclnnaU.41S.669
Lamprerht Bros. 4 Co., Cleveld»15.5'.9
First National Bank
14 975
• Bid said to be Irregular
Well, Roto
F.L.
Fuller
4 Co.. Cincinnati. ..
4 Co.. Cleveland...
1
ids:
tC Case, New York City.. $39,182
1.900
14,802
W.
J.
Hayes
4 Sons.
Cleveland. 38,942
I
Robt. Glcndlnnlng
•
I
4 Co..'.I*hlla. $38,707
THE CHRONICLE.
220
Bids were also received from S. A. Kean, Chicago, and W.
R. Todd & Co., Cincinnati. The former, however, was not
considered and the latter arrived too late.
Hollywood, Cal. Bonds Voted. It is stated that this
place on June 27 by a vote of 78 to 20 authorized the issuance
of $15,000 bridge, culvert and street-improvement bonds.
Hood River, Ore. Bonds Defeated. This place on June
20 voted against a proposition to issue $00,000 water bonds.
Huron School District, Erie County, Ohio. Bond Offering.
Proposals will be received until 12 m., July 22, by
George P. Shinn, Clerk Board of Education, for $18,000 4}4%
1-18-year (serial) bonds. Denomination $1,000. Date, day
of sale.
Interest semi-annual. Accrued interest to be paid
by purchaser. Certified check for 10% of the amount of
bonds bid for, payable to the Clerk Board of Education,
:
Voi
—
lxxxi
—
McFall (Mo.) School District. Bond Sale. On July 1
6% school-building bonds were awarded to the Farmers' Bank, McFall, at 105'02.
Denomination $500. Date
June 1 1905. Interest annual. Maturity $1,000 yearly on
June 1 from 1908 to 1912 inclusive.
McKinley (Minn.) School District No. 18. Bond Sale.
On June 26 the S5.000 5% school bonds described in V. 80,
p. 2636, were awarded to the First National Bank of Eveleth
at 10050.
A bid of par was also received from the Commercial Investment Co. of Duluth.
Macon, Miss. Bond Offering
Proposals will be received
until 8 p.m., July 17, by J. O. Faser, Mayor, for $15,000 5%
gold coupon water-works and electric-plant bonds.
Authority, Sections 3,014 to 3,017, Chapter 93, Code of 1892.
Denomination $100. Date June 15 1905. Interest semi-anrequired.
nual.
Maturity $100 yearly on June 15 from 1906 to 1925
Indianapolis, Ind. Bids.
Following are the bids re- inclusive and $13,000 on June 15 1925. Certified check for
ceived July 7 for the $45,000 3}4% refunding bonds awarded, $1,000, payable to the Treasurer of the City of Macon reas stated last week, to the Fletcher National Bank of Indian- quired.
Bonded debt, including this issue, $70,100. As-
—
—
—
sessed valuation, $893,462.
Fletcher Nat. Bank, Indianap'Iis$46,444
J. F. Wild & Co., Indianapolis.. 46.422
Newton Todd Indianapolis.
46 409
& Co.,
& Sons
R. Kleybolte
J.
—
T. Elliott
Clnclnnatl.$46,234
46,031
—
Indianola, Miss. Bond Sale. This town recently sold
refunding and $15,000 5}4% improvement
$25,000 5]/
2
bonds to MacDonald, McCoy & Co. of Chicago, at par and
blank bonds free of charge.
Denominations $1,000 and
$200.
Date, July 1 1905.
Maturity $200 of each issue
yearly on July 1 from 1906 to 1925 inclusive and the remainder of bonds (all of $1,000 each) on July 1 1925.
Ironton, Ohio. Bond Sale. Following are the bids received on July 11 for the $6,100 5% 1-10-year (serial) Park
Avenue and the $4,200 5% 1-10-year (serial) Centre and
Sixth Street bonds described in V. 81, p. 171:
%
—
—
For
Bank, Ironton
Mayer, Cincinnati
First National
&
Seasongood
W.J. Hayes & Sons,
&
—
—
apolis:
Cleveland
Cummings, Toledo
Roth
&
Co., Cincinnati
Denison, Prior & Co., Cleveland and Boston.
P. S.Briggs& Co., Cincinnati
W.
—
—
—
Weil,
—
—
—
Hoehler
$5,000
R. Todd
&
Co., Cincinnati
—
For
the
For
the
$6,100 issue. $4,200 issue.
$4,38100
$6,363 00
6,333 25
4,300 50
00
6,333
4,360 00
6.320 50
4.350 50
6,319 00
4.347 00
both
issues.
$10,662 75
—
6,305 00
6,283 00
4,355 00
4,326 00
Jackson, Mo. Bonds Voted. This city on June 27 by a
vote of 352 to 5 authorized the issuance of $27,000 water and
light-plant bonds.
Jasper County (P. O. Rensselaer), 5 Ind. Bond Sale.
On July 6 the $15,000
Hanging Grove Township road
and the $19,500
Gillam Township road bonds described
in V. 80, p. 2636, were awarded to E. L. Hollingsworth of
Rensselaer at 100*60 and 100" 666 respectively. This is on
a basis of about 4^%. Following are the bids:
—
—
4^%
4^%
$15,000 Bonds.
$15,090
15,085
15.078
E. L. Hollingsworth, Rensselaer
J. H. Chapman. Rensselaer
Weil Roth & Co.. Cincinnati..
Jones County (P. O. Ellisville), Miss.
All bids received July 3 for the $20,000
$19,500 Bonds.
$19,630
19.625
19.611
—Bonds Not Sold. —
5%
5-24-year (serial)
road and bridge bonds described in V. 80, p. 2636, were rejected.
— Description
—
—
—
Madison County (P. O. Jackson), Term. Bond Offering.
Proposals will be received until 12 m., July 26, by H. C. Anderson, President Trustees Good Road Bonds, at the People's
Savings Bank in Jackson, for the $150,000 4% Series "B'l
road bonds mentioned in last week's issue
Denomination, $500. Date, April 15 1905. Interest, semi-annual.
Maturity, forty years, subject to call after thirty years.
Bonds are exempt from county and municipal taxes.
Mahanoy City (Pa.) School District. Bond Sale. The
$15,000 3% school bonds mentioned in V. 81, p. 46, have
been subscribed for at home.
Maiden, Mass. Temporary Loan. A five-months' loan
of $100,000, dated July 8 1905, has been negotiated with
George Mixter of Boston at 3*45% discount.
Maricopa County (P. O. Phoenix), Ariz. Bond Sale.
On July 1 $1,600 7% school building and furnishing bonds
were awarded to John Luke, Phoenix, at 117"50. Denomination $800.
Date June 19 1905.
Interest annual.
Maturity June 19 1925.
Marion County, Fla. Bonds Defeated. The proposition
to issue $50,000 court-house bonds failed to carry at the election held July 6.
Maryland —Bond Sale.—The $666,000 33^% coupon
"Public-Building-Loan" bonds, offered but not sold on
June 29, have been taken by the Board of Public Works as
an investment for the sinking funds of the State.
Medicine Hat, Assa. Debenture Sale. On July 3 $25,000
5% 20-year school debentures were awarded to Wood,
Gundy & Co., Toronto, at 101-08.
Meeker County, Minn. Bond Sale. On July 1 an issue
of $52,000 4J-^% drainage bonds was sold to March Bros, at
par. Denomination, $1,000. Date, July 1 1905. Interest,
annual. Maturity, on or before ten years.
Mendon (Mo.) School District. Bonds Registered. The
State Auditor on July 5 registered $5,000 5% bonds of this
—
—
—
—
—
—
—
—
—
—
—
—
—
Kearney, N. 3.
The two issues of district.
of Bonds.
bonds recently awarded to R. M. Grant & Co., New York
Miami, Fla. Bonds Refused. The $33,000 5% bonds (3
(see V. 81, p. 46,) answer to the following description: $125,- issues) awarded on March 16 to the Fort Dallas National
000 43^% funding bonds maturing June 1 1920 and $80,000 Bank of Miami have been refused by that institution be
funding school bonds maturing June 1 1930. Denomination cause of certain irregularities in the method of authorizing
of both issues $1,000.
Date June 1 1905. Interest semi- the bonds. We are informed that a new city charter will go
annual.
into effect next November, under which an election will probKernersville (N. C.) Graded School District. Bond ably be called to vote from $50,000 to $60,000 bonds for
Proposals will be received until 12 M., July 20, various improvements.
Offering.
by the Board of School Trustees, D. W. Harmon, SecreMilton (Boro.), Pa. Bond Offering. Proposals will be
tary, for $4,000 5% 20-year school bonds.
Denomination, received until 8 p. m., July 25, by Wm. C. Miller, Town
Interest, annually on Jan. 1 at the Bank of Kerners- Clerk, for $30,000
$500.
4% funding bonds ("Series B"). Deville.
nomination $500. Interest semi-annual. Maturity $1,000
Kingsbury (N. Y.) Union Free School District No. 1.
r
Certified
early on Oct. 1 from 1906 to 1935, inclusive.
Bond Sale.— On July 10 the $8,000 4% registered school 3
check for 2% of the amount bid, payable to Edward Weidenbonds described in V. 81, p. 46, were awarded to Isaac hamer, President Borough Council, required. These bonds
W. Sherrill, Poughkeepsie, at 100 0625 and blank bonds.
are subject to the four mill State tax.
Lake Charles, La. Bonds Defeated. The election June
Milwaukee, Wis. Bond Sale
On July 12 the five issues
—
—
—
—
—
—
—
—
-
—
347) against.
Lexington, Mo.
—
—
Bonds Registered. The State Comptrolrecently registered $20,000
city-hall bonds of this
place.
Denomination, $1,000.
Lockland, Ohio. Bonds Proposed. The issuance of
$13,000 building bonds is being considered.
Lowell, Mich. Bonds Voted. This village recently
voted to issue $12,000 street and bridge bonds.
Lowville, N. Y. Bonds Defeated. A proposition to issue
$6,500 bonds for a public park failed to carry by a vote of 33
for to 234 against at an election held June 27.
Lucas County (P. O. Toledo), Ohio. Bond Offering.
Proposals will be received until 10 a. m., August 8, by
David T. Davies Jr., County Auditor, for $80,000 4J^%
county bridge bonds. Denomination $500. Interest semiannually at the office of the County Treasurer. Maturity
$4,000 yearly for twenty years. Certified check for $1,000
on a Toledo bank or cash to that amount required with bids.
Purchaser to pay accrued interest.
McComb, Ohio. Bonds Voted. It is stated that this
place has voted to issue $5,000 bonds for an electric-light
plant.
4%
ler
—
—
—
—
—
—
—
—
—
—
—
27 resulted in the defeat of the proposition to issue $75,000
5% electric-light-plant bonds, the vote being 51 (property
value $103,189) for the issue and 322 (property value $483,-
—
4%
1-20-year (serial) bonds, aggregating $465,000, descriptions of which were given in V. 81, p. 172, were awarded
to the Second Ward Savings Bank of Milwaukee at 104*40
Following are the bids:
a basis of about 3*496%.
Blodget, Merrltt &Co., Boston.$479,726
Second Ward Sav. Bk.. Milw..$485,460
Blake Bros. & Co., Boston
479,089
481.772
R.L.Day & Co., Boston.
W. R. Todd & Co., Cincinnati. 477,090
Estabrook & Co., Boston
481,135
F.S.Moseley&Co.,NewYork,
N. W. Harris & Co., Chicago.. 477,462
Citizens' Trust Co., Milwaukee
and E.H. Rollins & Sons, Chi 480,763
(for S50.000)
50,075
480,484
E. C. Benedict. New York
Montana. Bond Offering. Proposals will be received
until 6 p. m., July 26, by J. H. Rice, State Treasurer, at
his office in Helena, for $30,000 State University bonds at
not exceeding 5% interest. Date May 1 1905. Interest
semi-annually on January 1 and July 1 at the office of the
Maturity thirty years, subject to call
State Treasurer.
after twenty years.
Montgomery, Ala. Bond Election. An election will^be
held Aug. 21 to vote on the question of issuing $75,000 school
of
I
|
I
I
I
—
—
|
—
—
bonds
—
Debenture
(N. W. T.) School District No. 1.
Proposals will be received until 6 p.m., Aug. 1,
Offering.
by Harold Jagger, Secretary-Treasurer, for $55,000 5% debentures. Denomination, $1,000.
Mound Valley (Kan.) School District. Bonds Voted.
This district recently bj' a vote of 276 to 9 authorized the
issuance of $7,600 school-building bonds.
Moose Jaw
—
—
—
——— —— — —
—
——
.
July
— —
District, Santa Clara County, Cal.
issue of 17,000 5' "; 2-S-year (serial) gold
bonds was awarded on June 19 to the Oakland Bank of SavDenomination $1,000. Date June is 1905.
ingBal 103*35.
Interest annually in January.
Mullins (S. 0.) School District No. 34. Bond Offerii
Proposals will be received until Aug. l by P, 8. Cooper,
coupon
Clerk Board of School Trustees, for $10,000
Mountain View School
—Bond Sale— An
6%
Authority, Acts of
school-building and furnishing bonds.
Denomination $500. Date
Legislature 1905, Chapter 554.
Aug. 15 1905. Interest annual. Maturity Aug. lf> 1926.
Bonded debt, this issue.
Certified check for $250 required.
Actual valuation, $900,000.
Assessed valuation, $300,000.
Muskogee, Ind. Ter. Bond Election. An election will
be held Aug. 10 to vote on the question of issuing $100,000
water ami sewn- and $75,000 school bonds.
Napanee, Ont. Debentures Voted. This town on July 7
adopted a by-law providing for the issuance of $35,000 elee-
—
—
tric-light-plant debentures
—
Napoleon (Ohio) School District. Bonds Dejected.
proposition to issue $10,000 school-house-addition bonds
failed to earn- at an election held June 27, the vote being a
tie.
Mo.— Bond
Sale.— On July 5 the $10,000 4J^%
10-year registered sewer bonds
described in V. 81, p. 47,
were awarded to William Compton, Macon, at 102*75 and
Following are the bids:
interest
a basis of about 4*161%.
—
Wm.
10275
Compton. Macon
102- 825
Webb M. Ruby. Macon
Denison. Prior & Co., Cleveland. 102- 015
10225
A- Hays. St. Louis
John P. O'Brien & Co.. Boston. 102- 00
Little
Geo. M. Brlnkerhoff, Sp'gfleld..l01 '21 !5
101-25
oAlbcrt C. Case, New York
101- 01
5S.A. Kean, Chicago
&Nlver Co., Chicago 100- 00
Trowbridge
— We
are advised that no
Election Xot Yet Ordered.
definite time has yet been set to vote on the question of issuing $90,000 water-works bonds, the election, however, will
probably be called for some time in September.
Newburgh Heights, Ohio. Bond Offering. Proposals
will be received until 12 m. July 31 by P. S. Ruggles, VilDenomination,
bridge bonds.
lage Clerk, for $4,000
of
$1,000. Maturity, June 30 1925. Certified check for
the amount bid required.
Nobles County (P. O. Worthington) Minn. Bonds Not
Sold.
Bond Offering. All bids received July 10 for the
$8,000 ditch bonds described in V. 80, p. 1988, were rejected.
are advised that the bonds will be re-advertised, sale
to take place at 1
p. m., July 25, under new conditions.
Bond
—
5%
—
—
— —
—
TIIK CI1RONICLF,
15, 1905.J
Nevada,
—— — ——
—
A
5
5%
,
—
We
—
227
various amounts each six months fmm'April
L906
1910 inclusive.
Park (Tex.) Independent School District. -Bond Sale.
On July 8 the 13,500 5' L5-40 year (optional) school-hot
bonds mentioned in V. 80, p. 2470, were awarded to the
par and accrued interest.
state board of Education at
Securities are dated Jan. 1 1906.
mature
in
Oct.
to
1
i
—
]
—
Pawnee County, Kan. Bonds Voted. This county recently authorized the issuance of bonds for bridge purpo
Pembina County (P. O. Pembina), N. Dak. Bond Sale
The $35,000 7-year drain bonds offered on June 5 have
been awarded to Trowbridge & Niver Co., Chicago, as 6J£ per
See V. 80, p. 2;5(>0, for description of bonds.
cents.
Penryn School District, Placer County, Cal. Bond Sale.
1-12-year (serial) bonds described
July 1 the $6,000
in V. 80, p. 2479, were awarded to the Oakland Hank of Sav-
—
—On
5%
Oakland.
Perrysburg, Ohio. Bond Offering.
Proposals will be received until 12 m., Aug. 1, by T. M. Franey, Village Clerk,
Interest semi-annual.
for $30,000 4% water-works bonds.
.Maturity $2,000 yearly on Sept. 1 from 1915 to 1917 inclusive and $3,000 yearly on Sept. 1 from 1918 to 1925 incluCertified check (or cash) for 3% of the par value of
sive.
the bonds bid for, payable to the Village Treasurer, reings,
—
quired.
—
Piqua, Ohio. Bond Sale. On July 7 the $05,000 4% 20year refunding bonds described in V. 80, p. 2479, were awarded to Seasongood & Mayer, Cincinnati, at 101 '816 a basis
Following are the bids:
of about 3*869%.
—
Seasoneood
N.W.
&
llalsey
W. J. Hayes &
Pi I.. Fuller &
Mayer, CinrinnatilOl-816
&
Co.,
New York. 101- 13
Sons, Cleveland. 100- 21
Co., Cleveland.. 100* 10
W. U. Todd &jCo.,
Cent.Tr. & Safe Dcp. Co., Cin..l01-127
Well, Roth () Co., Cincinnati.. 100-928
Cincinnati.. 10000
Pittsburgh (Pa.), Knox Sub-School District. Bond OfferProposals will be received until July 17 by W. J. Brennen, Solicitor, corner Fifth and Wylie avenues, for $12,000
bonds of this district. Maturity twelve years. Securities
ing.
—
are free from tax.
Polk County (P. O. Des Moines), Iowa. Bond Election.
An election will be held Aug. 1 to vote on the question of issuing $80,000 jail and $25,000 jail-site bonds.
Pontiac, 111. Bond Offering.
Proposals will be received
until 12 m. to-day (July 15) by J. M. Lyon, Mayor, for $34,-
—
—
5%
street-improvement bonds. Denomination, $1,000.
Maturity, July 1 1925.
and July 1
On July 3 the $35,000 6%
Princeton, Ky. Bond Sale.
20-year water bonds described in V. 80, p. 2637, were awarded to N. W. Harris & Co., Chicago, at 106*42 a basis of
about 5*469%.
Quincy (111.) School District. Bonds Re-awarded. We
are advised that the Browne-Ellin wood & Co., Chicago, to
whom the $120,000 5% 2-9-year (serial) building bonds
were awarded on June 23, subsequently withdrew their bid,
and that the securities were thereupon re-awarded to the
State Savings Loan & Trust Co of Quincy for $126,500.
Randleman, N. C. Bond Offering. Proposals will be received until 12 m., Aug. 7, by H. O. Barker, Secretary
Board of Trustees, for $7,500 5% school bonds. Interest
semi-annual.
Maturity thirty years. Certified check for
S 100, payable to the Secretary of the Board of Trustees, re-
000
Interest, Jan. 1
—
.
—
North Andover, Mass. Bonds Voted. This towm on
June 28 voted to issue $16,000 4% 1-8-year (serial) water
main bonds.
North Fort Worth, Tex. Bonds Registered. On July 8
$23,000 5% school-house bonds dated July 1 1905 were
registered by the State Comptroller.
Maturity 40 years,
optional after 25 years. See V. 80, p. 2637.
North Platte, Neb. Bond Offering. Proposals will be
received until 5 p. m., Aug. 1, by Charles Samelson, City
Clerk, for the $30,000 4% coupon main-sewer bonds, which
were offered but not sold on May 25. Authority, Article 1,
Chapter 14, Compiled Statutes of Nebraska for 1903.
Denomination $1,000. Date April 1 1905. Interest semiannually at the Nebraska fiscal agency in New York City. quired.
Maturity April 1 1925, subject to call April 1 1910. The
Red Bluff Union High School District, Tehama County,
city has no bonded or floating debt at present.
Assessed Cal.— Bond Sale.— On July 5 the $32,000 AY
2-17-year
2
valuation 1904 $466,433 48; real value about $2,332,167 40. (serial) gold coupon school bonds described in V. 80, p. 2638,
Bonds were authorized by vote, 418 to 161, at election held were awarded to W. F. Johnson at 103*55 and interest. Fol-
—
—
—
—
%
Jan. 3
1905.
DebenDistrict No. 869, N. W. T.
ture Sale.
On July 7 the $9,000
school debentures mentioned in V. 80, p. 2418, were awarded to George A. Stimson
& Co., Toronto, at 107833. Following are the bids:
Nutana Public School
—
Geo. A. Stimson
Wood. Gundy
&
6%
&
Co.. Toronto. S9. 705
Co., Toronto
9,5-11
W.Ray Reeina
Can.L. & N. Invt.Co.,
J.
9,533
Winnipeg 9,351
Mackay, Toronto
H. L. Watt, for Can. Life Ins
Ontario Sec. Corp., Toronto
*For 5 per cents.
Jas.
$9,250
*9,136
9.011
Securities are dated Sept. 1 1905.
Oberlin, Ohio.
Bond Offering. Proposals will be received^ until 12 m. July 22 by O. F. Carter, Mayor, for $17,000
debt-extension bonds.
Denominations, sixteen
bonds for $1,000 each, eight for $100 each and one for $200.
Date, Sept. 1 1905. Interest, semi-annual. Maturity, S
1 1915. | Accrued interest to be paid by purchaser.
Certified
check for
of the bonds bid for, payable to the Treasurer
of the village, required.
Oklahoma City, Okla. Bonds Proposed. A special election to vote on the issuance of $275,000 water and sewer
—
5%
5%
—
bonds
being considered
Warrants. George Hess, City Clerk, advises us that he
has for sale a large number of lateral-sewer warrants dra'.
8% interest and maturing in one, two and three years. Mr.
Hess offers these warrants at par.
Oneonta, N. Y. Bonds Voted. This village has voted
to issue $3,800 pavement bonds.
Osborne, Kdm.— Bonds Not Yet Sold.
Xo sale has
been made of the $7,500 water-supply bonds described in V.
is
—
—
—
80, p. 1016.
Oxnard, Cal.
July 31 to vote
Bond
Election.
— An
election will be held
on the question of issuing $45,000
SC
W.
F. Johnson
Bk.
of
5%
N. W. Halsey & Co.. San Fran. .$32,771
32.376
W. R.StaalsCo.. Pasadena
Adams-1-hllllps Co., Los Angeles 32,261
32,151
Union Trust Sav. Bank
...$33,136
Tehama Co. Red
Bluff.. 33,005
S. F. Sov. Union. San Francisco 33,000
Rollins & Sons. San Fran. 32.800
E.H
Redlands,
—
Bond Offering. Proposals will be reCal.
Clark City Clerk for the
ceived until 2 p .m July 25 by L
8100,000 4J^% gold coupon street bonds voted at the election held June 20.
Denomination, $500. Date, July 15
1905. Interest semi-annually in Redlands. Maturity, $2,500
ily.
Bonds arc exempt from taxation. Certified check
for $1,000, payable to the President Board of Trustees, required.
Richfield Springs, N. Y.
Bond Offering.—'Proposals will
be received until 10 a.
July 18, by C. W. Tunnicliff, Village Clerk, for $20,000
refunding water bonds. Deand Aug. 1. Maturity,
nomination, $500. Interest, Feb.
Bonds
(2,000 yearly on Aug. 1 from 1915 to 1924 inclusive.
W
.
.
m
.
,
,
,
3M%
1
exempt from taxes.
Roanoke, Va. Bond Sale. The Sinking Fund Com
lers recently purchased 824,000 4% refunding bonds at
103*50.
These bond- refund an issue of $30,000 6% bridge
bonds which were subject to call on July 1 1905, $6,000
the old issue being paid off in cash.
Denomination of n<
bonds, $1,000.
Interest, semi-annual.
Date, July I 1905.
—
.Maturity, July
1
1935.
Pit Townships, Richmond County,
;V ,i mitl1
N. Q.—Bond Offering.
Proposals will
Aug. 7 by H. s. Ledbetter. chairman (P. '. Ri ckinghan
for $10,000 Rockingham Township and 110,000 Wolf
J
nship bonds.
Neith( r town hup
bond
\
P
ed valuation of R
000.
$1,239,000, and Wolf 1'it Town
disSabetha (Kan. School District.
Junc 27 by a vote of 101 to B a thorizi dtl
of $0 ",00 chool-building bond
Rockingham and Wolf
«'
'
I
-
bonds.
Painesville, Ohio.— Bond Sale.— On July 3 the $11,500
street-improvement bonds described in V. 80, p. 2479
awarded to the Painesville National Hank at 102*50.
15
lowing are the bids:
•
'
>
,
THE CHRONICLE.
228
—
Bond Offering. Proposals will be
St. Croix Falls, Wis.
received until 8 p. m. to-day (July 15) by Elmer Conner, VilDenominalage Clerk for $5 ,000 5% training .school bonds
Maturity,
tion, $250.
Interest annually at St. Croix Falls.
$250 yearly from 1906 to 1925 inclusive.
Bids Rejected. This city on June 30 reSt. John, N. B.
40-year bonds
jected all bids received for the $500,000
described in V. 80, p. 2638. The highest bid was 88-75,
,
Interest semi-annually at Chicago, St.
Paul or New York City, as the successful bidder may request.
Purchaser to furnish blank bonds. Certified check for $100,
payable to the Village Council, required. No bonded debt
at present.
Assessed valuation for 1904, $111,705.
Sanford, N. C. Bonds Proposed. We are advised that
this town will ask the next Legislature for authority to issue
$6,000 water-main-extension bonds.
Scotia, N. Y.—Bond Sale.—On July 11 the $90,000 water
and sewer bonds mentioned in V. 81, p. 48, were awar ded to
Isaac W. Sherrill of Poughkeepsie, at par and interest for
4J^ per cents.
Shawnee, Okla. Bond Election Proposed. The City Council is considering an ordinance calling an election to vote on
the issuance of about $50,000 sewer bonds.
Shelby ville, Tenn. Bond Election. An election has been
called for Aug. 3 to vote on the question of issuing $40,000
water and light bonds.
Sioux Falls (S. D.) School District. Bonds Voted. This
district on June 30 voted to issue $75,000 high-school-building bonds.
South Bethlehem, Pa. Bond Election. A special election will be held Aug. 1 to vote on a proposition to issue $25,000 sewer bonds.
South Oreensburg School District, Westmoreland County,
Pa.— Bond Sale.— On July 6 the $20,000 5% 10-30-year (optional) school-building bonds described in V. 81, p. 49, were
awarded to W. J. Hayes & Sons, Cleveland, at 105*885 and
interest.
Following are the bids:
W. J. Hayes Sons, Cleveland. $21. 177
Hoehler
Cummlngs, Toledo. .$20, 827
Balr & Lane
20,310
Hayden. Miller & Co., Cleveland 21,132
Westm'land Nat. Bk.. Greensb. 20.206
Denlson, Prior &Co., Cl.&Bost. 21,114
W. R. Todd A Co.. Cincinnati.. 21,000
—
3^%
The city inJ. M. Robinson & Sons of St. John.
tends to ask for legislation to issue 4% bonds.
St. Johns, Ore.— Bond Sale.— On July 3 the $10,000 6%
1-10-year (serial) gold public-utility bonds were awarded to
Morris Bros. & Christensen of Portland at 104 "61.
Bond Sale. The following bids were
St. Marys, Ohio.
received July 5 for the $21,000 5% highway-improvement
bonds described in V. 81, p. 48.
W. J. Hayes Sons, Cleveland.$22.724 Well. Roth A Co., Cincinnati... $22. 500
made by
—
—
<fe
Sec.
—
I
Sav.Bk.&Tr.
Co., Toledo. 22,575
I
Lima Trust
Co.,
Lima
21,000
—
mature Jan. 2 1923.
Salamanca, N. Y.—Bond Sale. On July 5 $15,000 4%
sidewalk bonds were awarded to S. A. Kean of Chicago at
100*60. These bonds take the place of those awarded on
May 24 to W. J. Hayes & Sons of Cleveland, the earlier
award being rescinded for the reason that the proposition
when first voted upon was faulty in form. Denomination of
bonds, $1,000. Date, Aug. 1 1905. Interest annually at
the Salamanca Trust Co. Maturity, $1,000 yearly on Aug.
1 from 1906 to 1920 inclusive.
Debenture Sale. On July 7 $28,St. Thomas, Ontario.
000 20-year water-works, $15,136 10-year local improvement
and $4,500 10-year St. George Bridge 4}4% debentures were
awarded to Wood, Gundy & Co., Toronto, at 101-211. FolSecurities
—
—
—
—
South McAlester, Ind. Ter. Bond Election. The City
Council has called an election Aug. 3 to vote on a proposition
to issue $125,000 5% 30-year school bonds,
South St. Paul (M inn.) School District. Bonds Voted.
This district on July 10 voted to issue $50,000 4% school
bonds.
Spartanburg (S. C. ) School District. Bonds Not to be Offered at Present.
We are advised that the $30,000 4% building bonds mentioned in V. 80, p. 1752, will probably not be
Geo. A Stlmson & Co.. Toronto. $47,701
Imperial Ban*. 3t. Tbomas
47,636
& Co., Toronto.. $48,213
48.089
W. C. Brent, Toronto
Aemlllus Jar vis 4 Co., Toronto 47,979
.
Sanborn, Redwood County,
—
Offering. —
Bond
Minn.
Proposals will be received until 8 p. m., July 29, by George
Pasz, Village Recorder, for $6,000 5% 10-year lighting-plant
bonds. Authority, Chapter 200, General Laws of Minnesota
Denomination $1,000.
for 1893 and amendments thereto.
NEW
<fe
<fc
lowing are the bids:
Wood. Qundy
—
INVESTMENTS.
LOANS.
»Vlrt««iA*1%A^VM^Al
^280,000 OO
CITY OF SOUTH NORWALK, CONN,,
Sealed proposals will be received by the undersigned until one o'clock P. M., JULY 26, 1905, at the
of Water Commissioners, for the purchase of all or any part of (280.000 00 coupon bonds of $1,000 00,
at 4% per annum. Interest payable semi annually at the City National Bank and tbe South Norwalk Trust
Company. Princioal payable at the offices of tbe Water Commissioners and the City Treasurer.
Purchasers will be required to pay accrued Interest.
$40,000 00 Water Bonds, due July 1, 1825 ) $20,000 00 to fund floating debt.
$40.00- 00 Water Bonds, due July 1, 1930 V $i0 000 00 to refund matured bonds.
$10,000 00 Water Bonds, due July 1, l»"-5) $60,000 00 to refund option bonds.
$25.0< 0<0 City Bonds, due July!, 1«?6)
$2B,0<'0'0 City Bonds, due July 1. 1930^ $70,000 00 to refund floating debt of city.
$20.00009 City Bonds, due July 1, i985)
180.000 "0 City Bonds, due Sept. 1,1925 2
IHO.0O0 00 City Bonds, due Sept. 1, 1930 > $90,000 00 to refund option bonds.
$30,0uu oo City Bonds, due Sept. 1, 1935
The legality and genuineness of these bonds will be certified to by the South Norwalk Trust Company.
Each bid must be accomp»nled by a certified check of %% of the amount bid, payable to order of City
Treasurer, or Water Commissioners. The check of tbe successful bidder to be held to secure the payment
of the bonds. Tbe right is reserved to reject any or all bids Intending purchasers can obtain copy of
year book 1904 by application to the Water Commissioners.
TOTAL CITT AND WATER DEPARTMENT RESOURCES AND LIABILITIES JAN.
Total City resources, not including
i
Streets and Sewers
$184,801 04
Total Water Department resources... 421,988 18
City liabilities
1,
1905.
$209,450 00
288.597 60
1<K738 67
Water Department
Net surplus
$556,787 17
1904, $5,184,798 00.
Penobscot Bldq.,
Land-Title Bldq.
Detroit.
Philadelphia.
AND
PUBLIC SERVICE CORPORATION
BONDS.
ERVIN & COMPANY,
BANKERS,
w
tteml)ers
,
j
New York
Stock Exchange,
Philadelphia Stock Exchange.
BONDS FOR
IK VESTMENT.
43 Exchange Place,
New
York.
Drexel Building,
Philadelphia.
«H mills.
HART A IN. Finance Com. of Council.
MATTHEW CORBETT, City Treasurer.
CHRISTIAN 8WAKTZ.
w„ti,r
er
FRANKLIN A. SMITH. > Commissioners.
STEPHEN S. HATCH, ) rnm „ „, n nprs
{GEO.
(
•
$556,787 17
City and Library tax,
W. NOBLE & COMPANY,
MUNICIPAL
office
Grand List of
H.
COUPON BONDS.
49b
lxxxl
Date Aug. 10 1905.
.
—
[Vol.
B.
)
INVESTMENT BONDS.
i
SEND FOR
Rudolph Kleybolte&Co.
Perry, Coffin
BARKERS,
D1ALIBS IN
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
Interest Paid on Daily arcd
T
B.
MUNICIPAL
CHICAGO,
-
•
LIST ON APPLICATION.
BOSTON.
& Co
,
BANKERS,
Street, Boston.
NASSAU STREET, NEW YORK.
36
16
Time Deposits
•
CLEVELAND.
Blodget, Merritt
BOSTON.
172 Washington Street,
DENISON, PRIOR&CO.
Street,
YORK.
RriMHQ
DUINU3,
CORPORATION
Burr,
INVESTMENT BONDS.
60 State
POTTER,
and
&
LIST.
Congress
STATE, CiXf & RAILROAD BONDS.
King, Hodenpyl
&
Co.,
BANKERS,
7 Wall Street,
New York.
F.
21 7 La Salle
Street
Chicago.
Members
New York Stock Exchange.
ILLS. RAILROAD AND
STREET RAILWAY
R O IM D S
^^'
"
R.
FULTON & CO.,
Municipal Bonds,
171
LA SALLE STREET,
CHICAGO.
— —
—
July
ir>,
——
—
—
——
—
THE CHRONICLE.
1905.]
before December, as the securities will begin to
interest on Jan. 1 1906.
Bonds Voted. The election July 5 reSpencer, N. 0.
sulted in a vote of 126 to 46 in favor of the proposition to issue
30-year bonds for various improvements. These
$70,000
bonds, we are advised, will be sold at private sale.
Springfield, 111.
Bond Offering. Proposals will be received until 4 p. m., July 27, at the City Hall, for the 1128,000 refunding bonds authorized by a vote of 5,7'_' to ,7.'i:> at
Denomination, §1,000. Date,
election held April 4 1905.
Interest, not exceeding 4%, payable annuSept. 1 1905.
Maturity Sept.
ally at the office of the State Treasurer.
issued
draw
—
5%
—
1
1
1
Harry
1925.
II.
Devereux
Comptroller of the
7
Mayor and James A.
is
Hall
city.
HI.—Bond Sale.— On
229
—
Theresa, N. Y. Bond Sale.
On July S S3, 000 I'; elecbonds were awarded at par Pi 'the Watertown SavDenomination $(>()(). Interest annual. Matuings Hank.
tric-light
rity ten years.
Trimble (Town), Tenn.— Bonds Not Sold.—Tho $6,000 to
coupon school-building bonds offered on June
described in V. SO, p. 2638, were not sold. Tin; best offei
ceived was 95.
Troy, N. Y. h'crcnve Bond Offering.
Proposals will be
received until 11 a. m., July 19, by William 11. (iearin, City
Comptroller, for $100,000 4% revenue bonds dated July 20
Certified cluck for 1%
1906 and maturing Oct. 20 1905.
of the par value of the bonds, payable to the City of Troy,
—
required.
Bids.
—
— Following
July 3 the $6,000 4}4% 13lS-year (serial) library bonds, described in V. SO, p. 2638,
were awarded to N. W. Harris & Co., Chicago, at
S310.521 82
105783.
Stoughton (Wis.) School District.
104*73 and interest.
.104-73
Harrlman iCo. New York
lilodcet, Mcrritt & Co..— 10-ycarlO:*-29
Sterling,
—
Bonds Voted. It is
stated that this district has voted to issue $40,000 highschool bonds.
Taunton, Mass. Bond Offering. Proposals were requested until 5 p. m. yesterday (July 14) for $30,000 Z}4% coupon or registered street-improvement bonds, the result of
which was not known to us at the hour of going to press.
Denomination 81,000. Date June 1 1905. Interest semiMaturity June 1 1915.
annual.
Bond Election Postponed. We are
Telfair County, Ga.
informed that the election which was to have been held June
court-house bonds
15 to vote on the issuance of $45,000
was postponed until some future date.
Tenafly (N. J.) School District. Bond Offering. Proposals will be received until 12 m.,|Aug. 1, by Samuel Westervelt, District Clerk, for $47,500 43^% coupon school bonds.
Date Aug. 1 1905. Interest semi-annual. Maturity $1,500
in two years and $2,000 yearly thereafter. Accrued interest
to be paid by purchaser.
Tensas Parish (P. O. St. Joseph), La. Bonds to be Issued.
are advised that this parish will offer for sale some time
in August or September an issue of $50,000
court-house
—
—
5%
—
We
5%
bonds.
Mated
last
4%
are the bids received July 7 for the
as
at
and 20-ycar water bonds awarded,
week, to Harrison & Co., New York City,
10
Kountze Bros., New York
.101-08
W. J. Hayes <fe Sons, Cleveland. .10 6
Troy Sav. Bank (20-year)
102 78
I
—20-ycar 106-29
Boston
—
Turin, N. Y. Bonds Voted. The election June 26 resulted in a vote of 53 to 10 being cast in favor of the proposition to issue $14,000 water-works bonds.
Details of issue
and date
of sale not yet determined.
—
—
Miss. Bonds Not Sold. Bond Offering. The
$10,000 6% water-works bonds offered by this town on July
Proposals for these bonds will be received
4 were not sold.
by G. W. Mimms Jr., Town Clerk. Denomination $500 InMaturity twenty years, subject to call after
terest annual.
Utica,
five years.
Bond
Utica, N. Y.
—City Clerk
J. A. Cantwell
m., July 17, $4 1,843 73
4% paving bonds. Date May 19 1905. Interest annual.
Maturity $6,973 95 yearly on May 19 from 1906 to 1911 inAuthority, Sub-division 1 of Section 99 of the city
clusive.
charter as amedend by Chapter 288, Laws of 1903. Successful bidder will be required to deposit a certified check for 5%
of the amount of bonds bid for payment to the City Treasurer.
These bonds were offered as 3J^s June 30, but not
Offering.
will offer for sale at public auction at 12
sold.
INVESTMENTS-
INVESTMENTS.
MISCELLANEOUS.
Trowbridge& Niver Co.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
BONDS s?ock CERTIFICATES
Handsomely engraved;
MUNICIPAL AND PUBLIC SERVICE
1st
CHICAGO,
Nat. Bank Bldg.
BOSTON,
60 State
MacDonald, McCoy
MUNICIPAL AND
&
Street.
La
171
CORPORATION
Nat Bank
COUNTY
AND TOWNSHIP
For Business Correspondence.
CORDAGE.
BONDS.
New
York.
BOLYUKE, MASS.
New
1905.
1850.
The United
States Life
IN
SEAS0NG00D & MAYER
P.
Munn, M.D., President.
Finance Committee:
Leather
JAMES B. PLUM
CLARENCE H. KEI.sKV. Pr.Tlt.Guar.&Tr.Oo.
WILLIAM H. POKTKK.Pres. Chem. Nat. Bank
HIGH GRADE
INVESTMENT BONDS
NO STOCKS
CORRESPONDENCE SOLICITED
Qecurities
Corporation kj Company
OF PITTSBURGH, PA
.
Paid up Capital $200,000.00
Aotlve and sucix-HHfiii Agents who desire to
uiake DIKK<T CONTRAOT8 with thin well
established end progressive Company, thereby
securing fur themselves not only an m mediate
return for th-!r work, but also an lnoreasing
annual lnoorue commensurate with their
•uocess, are lnvltrct to communicate with
BIC'HAKD E. COCHKAN, 3d V1oe-I iesld>nt,
I
at the Company V Office,
Fork City.
277 Broadway.
OF
Railroad
mercantile Library Building,
CINCINNATI.
NOW READY.
THE CITY OF NEW YORK.
John
Chicago.
Philadelphia.
York.
HAND-BOOK
Insurance Co.
LIST ON APPLICATION.
for letter written with your own hand, or
by the typewriter, are DNEQDAL.KD. Their quality
Is assured and they have won highest honors at all
the great World's Fairs. For high grade writing
papers of all kinds, for bond papers, and for ledger
papers, Insist on having them made by the
Whether
WHITING PAPER COMPANY,
BO^DS.
&
WHITING'S PAPERS.
MANILA SISAL AND JUTE
65 Wall Street,
MUNICIPAL AND RAILROAD
Municipal
B. KING & CO., 206 Broadway, N.Y.
Engravers and Lithographers.
(Telennone.)
The American Mfg. Co.
Building, Chicago.
CITY
Seal Press, II 50; better finished, 12.
ALBERT
BOSTON. MASS.
& Company
H. C. Speer
1O0 Certificates. S3.00 to
the latter engraved, with atenl-pla'e borders
—elegant
HAYES & SONS,
tL.BTBL.AND, OHIO.
Salle Street, Chicago.
Established 1883.
First
J.
Also,
Co,,
BONDS.
i
W.
from type.
printed
|25:
Bought and Sold.
BONDS.
steel-plate etiecu
the cheaper kind, partly lithographed and Dartly
New
Assets over $9,000,000.
Paid to Pobcynolderj in 1904, $1,204,321 78.
Securities,
(Issued Seini-Annually
by the Publishers
of tlio
Commercial & Financial Ohronicl*.)
READY JULY
15.
raRiusi
$1 OO
Price of Single Copies,
T*
I o subscriber* of the Chronicle,
To Bankers and Broker*,
lards lettered in
gilt,
In quantities,
on the cover, at
with their
special rates.
WILLI VM B.DANi C0MPAH1
Pine 8treet,
coi. Pearl Street
New
York.
THE CHRONICLE.
230
(Conn.) Central School District.— Bonds
State Legislature has authorized this district to issue $55,000 bonds.
Waterloo, Iowa. Bids. Following are the bids received
June 21 for the $55,000 4% funding bonds awarded, as stated
two weeks ago, to Denison, Prior & Co., of Cleveland and
Boston.
Wallingford
Authorized.
—The
—
Denison, Prior
& Co.,
CI.
& no8t$50,391
Hayes & Sons. Cleveland.
Mason, Lewis & Co., Chicago
Black Hawk Nat. Ilk., Waterloo
J. M. Holmes. Chicago
A.J. Edwards, St. Louis
N. W. Halscy & Co., Chicago..
W. J.
$55,751
C. II. Coffin, Chicago
N. W. Harris <v Co., hlcaeo. .. 55,691
Leavltt & Johnson N. Bk., W'loo 55,500
Geo. M. Bechtel & Co.. Dav'port 55.201
66,391
50,100
I
Klrst Nat.
56,100
66,780
55,776
Waterloo
Kane &
Bank, Chicago
-
L.&X .Co.. Waterloo..
Co.. Minneapolis
55,157
55,103
55,000
Weatherford (Tex.) School District. Bonds Registered
and Sold. The State Comptroller on July 3 registered
$1,999 99 5% school-house bonds bearing date of June 1
Maturity 40 years, optional after 10 years. These
1905.
securities were purchased at par and accrued interest on July 7
by the State Board of Education.
Weedsport, N. Y.—Bond Sale.— On June 1 the $4,000 4%
judgment bonds mentioned in V. 80, p. 2422, were awarded
Denomination
to S. W. Treat & Co., Weedsport, at par.
Date July 1 1905. Interest annual. Maturity
$1,000.
$2,000 on July 1 of each of the years 1906 and 1907.
Wellston, Ohio.—Bond Sale.— On July 10 the $6,000 5%
1-10-year (serial) sewer bonds described in V. 80, p. 2639,
were awarded to W. J. Hayes & Sons, Cleveland, at 103"916
and accrued interest. Following are the bids:
P. S. Briggs & Co., Cincinnati.. $6, 190
W. J. Hayes & Sons, Cleveland.. $G, 235
6.168
First Nat. Bank, Wellston
Denison, Prior & Co., Cleveland. 0,221
W. R. Todd & Co., Cincinnati... 6,150
Hoehler & Cummings, Toledo... 0,220
6,101
First Nat. Bank, Barnesville
R. Kleybolte & Co., Cincinnati .. 6,210
Albert C. Case, New York
6,058
6,200
Well, Roth & Co., Cincinnati
Seasongood & Mayer. Clnclnn... 6,198
Bonds Defeated. By a vote of 91
Westerville, Ohio.
—
—
for to 118 against this place early in the month defeated a
proposition to issue $8,000 light-plant bonds.
—
At a town meeting
Westfield, Mass. Notes Authorized.
held July 3 the issuance of $32,000 1-10-year (serial) highschool-addition notes at not exceeding 4% interest was authorized.
—
West Homestead, Pa. Bond Sale. On July 10 the $70,000 4% coupon grading bonds described in V. 81, p. 50,
were awarded to W. R. Todd & Co., Cincinnati, for $70,100
[Vol. lslol
and interest.
One other bid was received, that of W. J.
Hayes & Sons, Cleveland, at par.
West New York, N. J.— Bond Sale.— On July 10 the $150,-
4^%
000
25-year street bonds, described in V. 81, p. 176,
wore awarded to N. W. Halsey & Co., New York, at 108 278
a basis of about 3'97J^%.
Wingham, Ont. Debentures Voted. This town on July 5
by a vote of 280 to 59 adopted- a by-law to issue $12,000
water-works-improvement debentures.
Winside, Wayne County, Neb. BondOffering.
Proposals
will be received until 7 p.m., July 22, by the Board of Trustees for $10,000 5% coupon water-works bonds.
Denomination $500.
Date July 1 1905. Interest semi-annual at
the fiscal agency New York City.
Maturity July 1 1925.
Certified check for onesubject to call after July 1 1910.
tenth the amount bid, payable to Frank Weible, Treasurer,
required.
Walter Gaebler is Village Clerk. The village
has no debt at present.
Woodville (Village), Ohio. Bond Sale.— On July 3 the
$20,557 85 5% coupon Maumee and Western Reserve
road-improvement bonds described in V. 81, p. 50, were
awarded to the Woodville Savings Bank at 102.
Worcester, Mass. Temporary Loan. This city has borrowed $50,000 from Loring, Tolman & Tupper of Boston at
3*43% discount. Loan matures Oct. 16 1905.
Yakima County School District No. 67, Wash. Bond
Proposals will be received until July 29 by Lee
Offering.
Tittle, County Treasurer, P. O. North Yakima, for $1,800
5-10-year (optional) school-builing bonds at not exceeding
—
—
—
—
—
6%
interest.
—
Yonkers (N. Y.) School District. Bond Sale. On July 7
the $27,700 4% registered school bonds described in V. 81,
p. 50, were awarded to the People's Savings Bank of Yonkers at 104" 83 and interest
a basis of about 3' 60%. A bid
of 102*18 was also received from Kountze Bros, of New York
—
City.
Zanesville, Ohio.
—
Bond Sale. On July 12 $10,000 4%
water-works extension bonds were awarded to Seasongood
& Mayer, Cincinnati, at 101 '588 and accrued interest.
Denomination $1,000. Date July 1 1905. Interest semiannual. Maturity July 1 1915.
TRUST COMPANIES.
MISCELLANEOUS.
Capital and (£q
Surplus
>D0
OFFICE OF THE
GOO
iQQ
GUARANTEE
FiTIE
ATLANTIC MUTUAL INSURANCE COMPANY, andTRUST COMPANY
New
York, January 20th, 1905.
The Trustees, in Conformity with the Charier of the Company, submit the following statement oj
its affairs on the 31st of December, 1004;
146 Broadway, New York.
175 Eemsen Street, Brooklyn.
M'f'rs Branch, 198 Montague St., Br'klyn.
Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904... $2,909,343 08 Examines & guarantees Meal Estate Titles,
724,151 84
Premiums on Policies not marked ofl 1st January, 1904
Loans Mone>/ on Bond and Mortgage.
Furnishes Mortgages to Investors.
Total Marine Premiums
$3,633.494 92
Receives Deposits subject to check, allowing
Interest.
Premiums marked ofl from 1st January, 1904, to 31st December, 1904
$3,016,978 35
$275,926 58
Interest received during the year
Does all Trust Company business-.
"
"
"
less Taxes
107,148 14
$383074 72
Rent
TRUSTEES
Losses paid during the year which were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904
226,513 19
863,569 08
The Company has the following Assets, viz.:
United States and State of New York Btook; City, Bank and other Securities
$5,243,600 52
8pecial deposits in Banks and Trust Companies
1,417,543 97
Estate corner Wall and William Streets and Exchange Place-. $4,289,000
Real
Other Real Estate ana Claims due the Company
75,000 4,364,000 00
Premium Notes and
Bills Receivable
1,020,087 28
In the hands of European Bankers to
foreign countries
Cash
Cash
pay losses under
policies payable in
241,710 47
351,301 69
,
Bank
in
William
Charles Matlack,
William H. Niohols,
James H. Oliphant,
Robert Olyphant,
Alexander E. Orr,
Charles A. Peabody,
Frederick Potter,
Charles Richardson,
Elihu Root,
Martin Joost,
Sanford H. Steele,
John 8. Kennedy,
Ellis D. Williams,
Woodbury Langdon,
Louis Windmuller.
James D. Lynch,
CLARENCE H. KEL8EY, President.
FRANK BAILEY, Vice-President.
EDWARD Manager Banking Department.
O. STANLEY, 2d Vice-Presi<lenk
CLINTON
J.
$12,638.243 03
Aggregating
Marston,
Matheson,
J.
Charles S. Brown,
J alien T. Davles,
William J. Eaaton,
Charles R. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. In<rraham,
Augustus D. JuiUiard,
$1,090,082 27
Returns of Premiums and Expenses, $405,721 91
Edsrar
Edward T. Bedford,
$318,124 29
771,957 98
$142,418 20
84,094 99
Less Salvages
Re-insurances
_.
L
John Jacob Astor,
A
dividend of Six per cent interest on the outstanding certificates of profits will be paid
to the holders thereof, or their legal representatives, on and after Tuesday, the
BURDICK, 3d Vice-Pres.
CLEVELAND, Secretary.
D.
WRAY
FRANK L. SNIFFEN, Mgrr. Mfgrs' Branch.
ecentU
Atlantic Mutual Insurance Company Scrip
of All Yours Bought and Sold.
The outstanding certificates of the issue of 1 899 win be redeemed and paid to the holders
thereof or their legal representatives, on and after Tuesday, the seventh of February
next, from whioh date all interest thereon will cease.
The certificates to be produced at
the time of payment, and canceled.
A dividend of Forty per oent is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, certificates will be issued
on and after Tuesday, the second of May, next.
By order of the Board,
JOHN M. GILLESPIE,
Of
February
next.
,
G.
STANTON FLOYD- JONES,
Secretary.
TRUSTEES.
GD8TAV AMSTNCK.
FRANCIS M. BACON,
JOUN N. BEACH.
WILLIAM B. BOUXTON
VKRNON H. BROWN,
WALDRON P. BROWN,
JOSEPH II. CHAPMAN,
GEORGE C. CLARK,
CORNELIUS ELDERT,
BWALD KLK1TMANN,
HERBERT
L.
GRIGGS.
CLEMENT A. GRISCOM,
ANSON W. HARD,
MORRIS K. JESUP.
THEODORE P. JOHNSON,
LEWIS CA9S LEDTARD,
FRANCIS H. LEGGKTT,
CHARLES D. LEVEKICH,
LEANDER N. LOVELL,
GEORGE U. MACY,
CHARLES H. MARSHALL,
W. H. H. MOORE,
NICHOLAS F. PALMER,
HENRY PARISH.
FREDERIC A. PARSONS,
DALLAS B. PRATT,
GEORGE W. QU1NTARD,
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM C. STURGKS.
RAVEN, President.
CORNELIUS ELDERT, Tiee-Pres't.
THEO. P. JOHNSON, id Yiee-Pres't.
JAS. L. LIVINGSTON, 3d Vice-Pres>
A. A.
Room
49-61
No. 518 Atlantic Building,
Wall
NEW
Street,
YORK.
CLINTON GILBERT,
2 Wall Street,
New
York.
BANK & TRUST COMPANY
STOCKS.
Fred.
M. Smith,
Broker in
AUBURN,
Securities,
NEW YORK,
@FedFRASER