The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
T
n
m
m
V
e
r
c
i
a
IN C L U D IN G
Railway & Industrial Section
Bankers’ Convention Section
Bank & Quotation Section
Railway Earnings Section
VOL. 89.
SA TU R D A Y, JU LY 17 1909.
3V
PUBLISHED WEEKLY.
hank and Quotation (monthly)
STATE and City (semi-annually)
railw ay and Industrial (quarterly) E lectric R ailway (:i times yearly)
B ailway E arnings (monthly)
B ankers’ convention (yearly)
Terms of Advertising— Per Inch Space
Transient matter per inch space (14 agate lines)...................................... .$4 20
e Tw o Months
(H tim es)............................ 22 00
•
«
*
«
*
I S
“
'"
S !I S S S ::::::::::::::::::
UU
(. T w elve Months (52 tim es)............................ 87 00
CH IC A G O O FFIC E —P. Bartlett, 513 Monadnock Block; Tel. Harrison 4012.
LON DON O FFIC E —Edwards <fc Smith, 1 Drapers’ Gardens, E. C.
W I L L I A M U . D A N A C O M P A N Y , P u b lis h e r s ,
P . O . I lo x 9 5 8 .
F r o n t , P in o a n d D e p e y s t e r S ts .,
N ew Y o r k .
Published every Saturday m orning by W IL L IA M B. D A N A C O M PA N Y
W illiam B. Dana, President; Jacob Seibert J r., Vice-Pres. and Sec.: Arnold
G. Dana, Trcas. Addresses of all,Office of the Company.
CLEARING-HOUSE RETURNS.
T h e fo llo w in g t a b le , m a d e u p b y te le g r a p h , & c ., in d ic a te s
t h a t t h e t o t a l b a n k c le a r i n g s o f a ll c le a r i n g h o u s e s o f t h e U . S .
fo r w e e k e n d . J u ly 17 h a v e b e e n $ 2 ,9 1 7 ,0 ( 3 8 ,6 3 9 , a g a in s t $ 2 ,
6 2 4 , 6 1 3 , 6 8 4 la s t w e e k a n d $ 2 , 5 3 7 , 4 5 2 , 3 4 9 t h e w e e k l a s t y e a r .
C learings— Returns by Telegraph J u ly
17
New Y o r k .................. ...........................
Boston____________ _____ ________
Philadelphia........ ......... ..................... .
Baltimore______________ __________
C hicago___ _____ ______ ____________
St. Louis____________ __________ ____
New Orleans .......... ......... ......... .............
1909.
1908
$1,471,511,676
144,034,051
106,782,910
25,407,859
238,816,152
58,896,224
13,028,826
$1,267,526,704
132,923,341
97,033,197
21,662,105
207,257,396
51,008,935
10,051,991
+ 16.0
+8.4
+ 10.0
+ 17.3
+ 15.2
+ 15.5
+ 29.6
Seven cities, 5 days........ ............... .
Other cities 5 days.............................. .
$2,058,477,698
402,649,703
$1,787,463,669
368,427,683
+ 15.2
+ 9.3
Total all cities, 5 days........................
All cities, 1 day....................................
$2,461,127,401
455,941,238
$2,155,891,352
381,560,997
+ 14.2
+ 19.5
Total all cities for week___ ________
$2,917,068,639
S2,537,452,349
+ 15.0
T h e f u ll d e t a i ls f o r t h e w e e k c o v e r e d b y t h e a b o v e w ill b e
g iv e n n e x t S a tu r d a y .
W e c a n n o t fu r n is h th e m t o -d a y ,
c le a r i n g s b e i n g m a d e u p b y t h e c le a r i n g h o u s e s a t n o o n o n
S a t u r d a y > a n d h e n c e in t h e a b o v e t h e l a s t d a y o f t h e w e e k h a s
t o b e in a ll c a s e s e s t i m a t e d , a s w e g o t o p r e s s F r i d a y n i g h t .
W e p r e s e n t b e lo w d e t a i l e d fig u r e s f o r t h e w e e k e n d i n g w it h
S a t u r d a y n o o n , J u ly 1 0 , fo r fo u r y e a r s .
W eek ending J u ly
C learings at—
1909.
1908.
10.
In c. or
D ec.
1907.
1906.
$
$
S
3
Now York.......... 1.586.271,981 1,482.284,098
+ 7.0 1,742,504,997 1,674,316,415
Philadelphia___
108,387,114 123,987,971 — 12.6 137,536,230 144,591,799
Pittsburgh..........
40,284,374
42,854,979 — 6.0
55,044,650
50,018,885
Baltim ore..........
28,186,952 — 13.8
24,306,130
31,685,906
30,474,270
Buffalo........ ...
7.924,956 + 13.0
8,955,158
9,232.818
8!399[507
Albany__ ___
6,155,703 — 21.5
4,831,276
8,288,983
5,014,982
Washington _.
6.044,384
+ 1.2
6,115,995
6,291,114
5,024,970
Rochester_____
3,536,834 + 15.0
4,068,107
3,572.353
3,789,725
Scranton . . .........
2,616,987 — 12.5
2,288,075
2,278,918
2,173,133
Syracuse............
2,366,639 — 2.4
2,310,424
2,586,146
1,822,145
Reading..............
+ 4.2
1,401,647
1.460,634
1,396,575
1,409,355
Wilmington........
1,250,991
1,253,951 —0.2
1,455,821
1,375,075
Wllkes-Uarre . . .
1,268,783 + 12.3
1,424,030
1,301,456
1,241,352
Wheeling ..........
1,748,002 — 10.9
1.558.205
1,077,739
1,128,502
Harrisburg........
1.257.609 — 2.8
1,222.121
1,046,229
982,401
Y o r k ..................
769,440 — 1.1
760,832
966,966
Trenton ............
+ 5.8
1.344,618
1,270,267
E rlo___________
+7.2
719,613
670,900
713,147
668,396
Binghamton___
511,800
508,900
+ 0.6
639,000
547,000
Greensburg____
667,433
522,500 + 27.7
550,000
445,537
Chester..............
400,534
502,074 —7.1
615,693
519,789
Altoona..............
334,509
345.624 —3.2
304,501
Franklin_______
+ 4.0
293.745
301,695
272,917
Total Middle.. 1,799,844,815 1.717,772,950
+ 4.8 2,009.085,436 1.931,075,821
Boston ..............
Providence........
Hartford............
Now Haven........
Springfield..........
Portland____ __
W orcester_____
Fall lllver.........
New B edford__
Holyoko_____ _.
Lowell . . . ______
148,308,861
6,440,200
4,061,670
3,104,585
1,800,000
1.893,098
1.576.67.3
1.097,816
860,533
622.624
443,601
151,702.310
6,726.100
4,327,370
3,755,344
1.692.042
2.132.779
1.729.428
1,053.534
1,211,866
551,377
528.179
— 2.2
— 4.3
—6 1
— 17.3
+ 6.4
— 11.2
— 8.8
+ 4.2
— 29.0
+ 12.9
— 16.0
164.423.482
8.048,000
4,446,344
3,098,837
2,299.452
2,330,746
1,829,541
1,056,046
698,106
631,317
616,044
158,867,834
7,700,400
4,7:10,123
2,711,354
2,151,998
2,000,191
1,590,589
736.656
731,108
670,268
545,314
Total Now Bng.
170,239,721
175,410,329
—3.0
189,467,915
182,435,895
W eek ending J u ly
1909.
For One Year .............................................................................................. $ 1 0 00
For Six Months.........................................................
............... (5 00
European Subscription (including postage)..
................................ i:i 00
European Subscription six months (including posta ge)....................... 7 50
Annual Subscription in London (including postage)
£ 2 14s.
Six Months Subscription in London (including postage)
’
.iil 11 s.
Canadian Subscription (including postage) ...........................................] $ u 5 0
S u b s c r i p t io n i n c l u d e s f o l l o w i n g S u p p l e m e n t s —
*
NO. 2299.
C learings at —
Terms of Subscription— Payable in Advance
•
Electric Railway Section
State and City Section
Chicago ..............
Cincinnati..........
Cleveland...........
Detroit................
Milwaukee_____
Indianapolis___
Columbus______
Toledo................
Peoria - ..........
Grand Rapids.
D a y to n ______
Evansville ____
Kalamazoo.........
Springfield, 111 . .
Fort W ayne___
Youngstown___
Lexington........
A k ro n ________
Quincy..............
Springfield, Ohio
South Bend___
Rockford ........
Canton..............
Bloomington__
Decatur ______
Danville_______
Mansfield............
Jackson____
Jacksonville, 111 _
Ann Arbor_____
Adrian _______
220,214,601
22,768.050
16.061.604
14,428,711
10,363,078
8,564.821
5,930,500
3,901,849
2,257,998
2,020,944
2,375,200
1,898,083
1,279,142
1,095,899
1,117,240
1.144,803
600,588
660,000
567,930
518,944
563,471
665,036
546,451
542,401
390,348
366,309
346,756
317,820
286,596
161,612
39,458
10.
In c. or
D ee.
1908.
241,419.237
26,976,600
13,388,165
12.877.232
11.125,476
9.226,555
5,739,600
3,129,998
2,213,270
2,132,473
1,976.865
1.991,367
967,23
800,000
879,509
743,536
679,950
600,000
740.588
569,284
545,265
491,098
400.000
485,685
395,601
368,090
293,560
276.000
272,238
161.357
23,960
%
— 6.3
— 15.6
+ 20.0
+ 11.3
— 6.9
—7.2
+ 3.3
+ 24.7
+ 2.0
—5.0
+ 20.2
— 4.7
+32.3
+ 37.0
+ 27.1
+ 53.9
— 11.7
+ 10.0
— 23.3
— 8.8
+ 3.3
+35.4
+36.6
+ 11.7
— 1.3
—0.5
+ 18.2
+ 15.1
+ 5.3
+ 0.2
+ 64.7
257,142,786
30,032.850
20,110,613
15,469,068
10,975,79?
8,997,237
6,418,500
•1,251,477
2,520,401
2,453,583
2,465,756
2,600,730
1,267,072
848,680
848,270
997,771
638,040
777.000
431,923
490,131
725,450
862,953
547,792
450,850
388,034
207.878,641
27,210,20
18.065,582
13.979,367
10.232,956
8,228,471
5.545,100
4,558,905
2,768,679
2,234,212
2,219,178
2,025,000
980,930
895,023
886,079
538,562
721.745
686,250
381,161
415,504
524,451
613,781
531.745
382,081
367,786
428*883
294.000
251,342
163,864
35,000
393*690
245,000
263,488
156,400
Tot. Mid.West
327,996,243
341,889,793
— 4.1
373,913,548
313,929,567
San Francisco__
Los Angeles____
Seattle ________
Portland_______
Salt Lake City__
Spokane..............
Tacom a..............
Oakland..............
Helena ..............
Sacramento........
San D iego..........
Fargo .......... ......
Sioux F alls........
San Jose..............
Stockton .............
Fresno_________
North Yakima
Billings______
32,787,428
12,942,931
10,453,541
6,617,150
6,151,742
6,717,302
5,099,992
1.941,799
1,010,740
1,122,997
1,088,000
636,228
665,000
427,363
488,391
504,457
319,210
207,412
36,956,707
11,230,486
9,751,012
6,293.308
6,662,272
6 425,770
4,514,201
1,766,851
1,189,860
810,000
550.000
536,349
565.000
518,981
500,700
460.000
276,067
285,552
— 11.3
+ 15.2
+ 7.2
+ 5.0
— 7.7
+ 4.5
+ 13.0
+ 9.9
—15.1
+ 38.6
+ 117.6
+ 18.7
+ 17.7
— 17.7
— 2.5
+ 9.7
+ 15.6
— 27.4
41,722,137
13,056,292
11,450,803
8,289,290
7,760,329
6,871,425
4,921,241
2,656,430
1,267,561
37,090,320
12,031,142
9,191.686
6,022,571
6,113,700
4,397,646
3,733,550
3,637,348
852,422
569,949
600,000
521.289
563,274
404,526
440,000
Total Pacific..
89,181,683
89,293.782
— 0.1
99,686,736
83,478,185
33,523,962
17.743,099
11.581,913
8,800,252
7,433,947
4,783,274
2,969,641
2,126,160
1,260,612
1,093,682
925,651
1,105,705
995,862
950,860
474,403
253,380
Not Included
— 1.5
— 17.5
+ 10.5
— 9.7
+ 9.3
— 2.3
+ 4.3
+ 22.2
+ 8.0
+26.2
+ 24.7
— 1.7
—32.2
+ 21.7
+ 25.0
+ 13.3
In total
30,039,360
22,945.084
10,252,504
8,565,963
8,473,593
5,576,817
2.849,079
2,383,362
1,403,811
923,355
1,092,329
846.7081
793.483
577,316
646,325
303,753
24,845,271
19,282,223
9,223,494
8,151,223
6,486,635
4,313,049
2,592,394
1,742,470
1,311,503
1,145,446
833,859
965,407
993,074
505,081
544,965
236,401
Kansas C ity ___
Minneapolis____
Omaha................
St. Paul............ .
Denver.......... ..
St. Joseph........ .
Dos Moines____
Sioux City........ .
W ichita............ .
Lincoln _______
Topeka ..............
Davenport........ .
Colorado Springs
Cedar Rapids . . .
Pueblo ..............
Frem ont______
Dulutii................
33,033
14,632
12,792,
7,946,
8,125,
4,675,
3,097,
2,597,
2,274,
1,380,
1,154,
1,086,
675,
1.157,
486,
286,
2,100,
Tot. othAVest.
95.402,827
96,022,403
— 0.6
97,672.842
83,172,495
St. Louis............
New Orleans___
Louisville_____
H ouston............
Galveston_____
Richmond ........
A tlanta.......... .
Memphis............
Savannah ..........
Nashville _____
Fort Worth........
N orfolk.......... .
Birmingham___
Jacksonville___
Chattanooga__
K noxville_____
Little Rock........
Charleston..........
Augusta..............
Mobile.......... .....
Oklahoma______
M acon_________
Beaumont ____
Austin................
Vicksburg______
52,412,266
14,734,473
10,874,242
10,850,256
4,455.500
7.800.000
*6,031,587
4,519,419
2.306,785
4,347,101
5,211,828
3,139,156
1,642,643
1.660,281
1,403,062
1.600.000
1,444,567
1,627,355
1,148,049
1,119,720
1,400,000
818,780
550.000
595,992
255,833
59,233.433
13,464,512
11.722,391
8,318.488
5,092,000
6,657,766
4,109,222
4,410,135
3.161,008
3,454.559
5.122,231
1,744,170
1,934,328
1,642,196
1,247,645
1,429,406
1,259,630
1,444,481
1,*34,115
1,377,497
601,248
650,594
541,887
400,000
339,056
— 11.5
+ 9.4
—7.2
+30.4
— 12.5
+ 17.2
+ 46.8
+ 2.5
— 27.0
+ 25.8
+ 1.7
+ 80.0
— 15.1
+ 1.1
+ 12.5
+ 11.9
+ 14.7
+ 12.7
—7.0
— 18.7
+ 132.9
+ 25.9
+ 1-5
+ 49.0
— 24.5
67,510,492
16,305,229
14,107,236
11,193,641
5.231,500
7,103,774
4,790,650
4,470.206
2,899,836
4,038.997
3,015,802
2,675,933
2,518,365
1,800,001
1,680,795
1.601.704
1,401,093
1,335,000
1,327,904
1,609,391
958,457
676,296
494,878
56,879,515
16,115,617
11,884,659
8,824,185
5,090,000
6,237,816
4,467,343
3,930,521
3,887.863
3,642,246
2,880,340
2,293,397
1,869,685
1,418,742
1.407.255
1,261,148
1,062,612
1.425,958
1,245,295
2.048.255
650,000
538,047
404,691
Total Southern
141,948,395
140,592,998
158,747,180
Total all.......... 2,624,613.684 2.561,981.255
2,928,573,657 2,733,557,153
Outside N. Y . . 1,038,341,703 1,078,697,157
1,186,068,660 1,059.240,738
Canada—
Montreal.......... .
Toronto ........ ..
Winnipeg............
Vancouver..___
O ttaw a..............
Quebec................
H alifax............ .
Hamilton............
St. John............ .
London _______
Calgary..............
Victoria .......... .
Edmonton..........
40,042,270
31,625,378
14,253,565
5.938.692
3,883,360
2,692,270
2,703,263
2,272.941
1,895,887
1,555,088
2,114,756
1.243.465
1,115,383
32,223,155
23,373,641
11,581,707
3.906,675
3,719,739
2,556,744
2.511,222
1,504,432
1.516,378
1.264,192
1,355,869
1,012,439
845,925
+ 24.3
+35.3
+ 23.1
+ 52.0
+ 4.4
+ 5.3
+7.6
+ 51.1
+ 25.0
+ 23.0
+ 56.0
+ 22.8
+31.9
35,298,886
26,522,377
13,744,547
4,354,898
3,436,048
2,383,643
2,349,188
1,928,581
1,679,631
1,361,909
1,628,044
1,305,667
1,017,348
33,561,868
22,680,792
10,720,948
2.594.217
2,844,743
2,017.955
1,999,276
1.598.218
1,461,936
1,274,670
1,049,628
1,363,927
680,293
Total Canada .
111,336,318
87,372,118
+27.4
97,010,769
83,848,471
•This year's clearings considerably Increased by out-of-town clearings department.
126
THE CHRONICLE
[VOL. L X X X IX .
reduced— the President caring nothing about the rate,
but being deeply concerned about having the principle
We send to our subscribers to-day a new number of the provision adopted.
The spectacle of the two branches of the Legislature
of our “ Railway Earnings Section,” In this publica
abdicating
their functions in this particular and allow
tion we give the figures of earnings and expenses for
ing
the
President
to indicate what the tariff bill
the latest month of every operating steam railroad in
shall
contain,
and
what
it shall not, is a most extraor
the United States, big and little, which is required
dinary
one;
it
merely
serves
to illustrate, however,
to file monthly returns with the Inter-State Commerce
with
what
great
rapidity,
under
the experience of
Commission at Washington— altogether over 800
recent
years,
we
are
drifting
towards
absolutism in
roads, or systems, comprising an aggregate of more
government
in
this
country.
The
part
which
Mr. Taft
than 230,000 miles of line.
is
taking
in
shaping
legislation,
coupled
with
the
With these returns as a basis, we furnish, in an
like
action
of
the
previous
occupant
of
the
White
article on a subsequent page, a summary and review
of the results for the month of May. In these tabula House, only in more strenuous fashion, should warn us
tions, we confine ourselves entirely to those four of the danger of concentrating any more powers in
leading items in the returns, namely the gross earnings, the hands of the Executive and should make thought
the expenses, the net earnings and the mileage. The ful citizens more determined than ever in opposing
Inter-State Commerce Commission prepares much the principle embodied in the corporation-tax pro
more elaborate summaries, covering all the various vision. If such a law once got on the statute books
items in the returns, but these summaries, by reason the President would become supreme master. The
of their very comprehensiveness, are necessarily power of repeal and amendment would still nominally
delayed. The latest totals of that kind available, remain with Congress; but that body, as the week’s
events have shown, would be simply a pliant tool
are for the month of April and these we give below.
in the hands of the Executive. In the end every cor
MONTHLY EARNINGS OF UNITED STATES RAILROADS.
1908.
1909.
poration in the land (supposing the corporation-tax
P e r M ile R atio
P e r M ile R atio
o f L in e . P erC t
APRIL.
A m o u n t,
o/ L in e . P erC t.
provision Constitutional) would be subject to the
$
RAIL OPERATIONS.
S
$
$
115,190,776
sway of one man, and that man the occupant of the
523
70
67.79
69.32
Freight
Revenue..........
132.487,745 596 34
181 34 23.48
42,649,662
191 97 22.32 Passenger Revenue----- 39,887,089
7.45 Other Transperta'n Rev 13,273,942
60 35
7.81 White House.
He might prove a benevolent despot;
64 10
14,240,033
1,544,829
.90 Non-transporta'n R ev.
7 02
.91
7 76
1,724,645
16,195
.01 Unclassified Revenue..
07
.01 but he would be a despot all the same.
08
16,950
191,119,036 860 25 100.00 Total Gross Earnings.. 169,912,830 772 48 100.00
While Congress is thus proceeding in disregard of
119 12 13.85 Malnt. of Way & Struc. 22,956,986 104 37 13.51
26 464,208
29^354^338 132 13 15.36 Malnt. of Equipment.. 25,458,226 115 74 14.98 the wishes of the mercantile community and of the
3,682,625
16 74
2.13 Traffic Expenses--------2.17
18 35
4,076,635
65|145|886 293 23 34.08 Transporta'n Expenses 63,596,132 289 13 37.43 wishes and fears of all thoughtful citizens, protests
4,905,234
22 30
2.69 General Expenses------2.89
23 13
5U39.919
17,617
.01 Unclassified Expenses.
08
.01
08
17,051
against the measure are pouring in from many direc
130,198,036 586,04 68.12 Total Operating E x p .. 120,616,820 548 36 70.99
tions. One particularly forceful protest has been
60,921,000 274 21 31.88 Net Earnings................ 49,296,010 224 12 29.01
filed with the conferrees this week on behalf of the
OUTSIDE OPERATIONS.
2,891,211
___ Gross Revenues.............
13 14
18 29
4,063,758
Fall River Cotton Manufacturers’ Association. Here
2,500,624
11 37
3,830,064
17 24 .........Total Expenses-----------we
have an organization not made up of large corpora
390,586
.........Net
Revenue...................
1
77
233,693
1 05
___ COMBINED NET REV
49,686,596 225 89
61,154,693 275 26
tions but of relatively small concerns, the aggregate
6,897,246
31 36
31 99 ........ 1-12 Annual Taxes-------7;i08;i81
capital stock of the 35 corporations being only $26,
54,046,512 243 27 .........FINAL NET---------------- 42,789,350 194 53
Number of Reports----771
815
M leage Operated........
219,958
000,000, or less than $750,000 apiece. Yet these
222,167
35 concerns have over 10,000 stockholders. The
THE FINANCIAL SITUATION.
protest is made on behalf of these stockholders. The
The conference committees of the two Houses of fact is emphasized that the property of stockholders in
Congress have been holding repeated sessions through corporations is already subject to various forms of
the week, and have apparently made progress towards taxation. Real estate and machinery are locally
adjusting the differences between them. If news taxed; a franchise tax, covering property not locally
paper reports are to be believed— and there is remark taxable, is gathered by the State; a personal property
able unanimity among these reports on this point— tax is levied upon stockholders not residents in the
the conference agreement, when finally submitted, domicile of the corporation, and there are inheritance
will be shaped entirely by the President’s wishes in the taxes in many States. It is therefore urged that to
matter. Dinners at the White House at which one add Federal taxation to all these would create a
or more members of the conference committees have serious impairment of the value of properties held
been invited guests have been the conspicuous feature and paid for without any anticipation of such pro
of the week, and at these dinners the President has cedure. In an article on a subsequent page we
sought to impress his views upon the conferrees. These deal more at length with the question of the extent
latter, too, it would appear, have displayed a most to which corporations are at present taxed under State
obliging disposition and indicated their readiness to laws, using for that purpose some data recently gathered
acquiesce in the President’s wishes. Thus, instead by the Department of Commerce and Labor at Wash
of a conference of the two Houses, we are, in effect, ington, before the matter of a Federal corporation tax
having a conference of three houses, with the third had come up for discussion.
The Fall River Manufacturers’ Association also
house— the White House— dominating the other two.
shows
that a Federal tax upon corporations would be
As far as the corporation* tax provision is concerned,
unfair
discrimination. Certain States, as Massa
we are told that neither the conferrees for the House of
chusetts,
for geographical reasons are largely engaged
Representatives nor the conferrees for the Senate have
in
industrial
pursuits, which naturally are carried on
any love for the same; but that the President is in
under
a
corporate
name. Identical forms of enter
sistent that it should be retained, and accordingly it
prise
are
conducted
by individuals and partnerships
will be retained, though the rate of the tax may be
OUR RAILW AYS EARNINGS ISSUE.
J u l y 17 1901). |
THE CHRONICLE
127
which would escape the tax. Those having under by executives imbued with the populistic spirit, seem
taken to do business under the authority of the State anxious to aid in the work of railroading the Amend
in the corporate form obviously did so without ment through. Governor Deneen of Illinois, we are
anticipation that their property would be subjected told, is in favor of an income tax, and is conferring with
to a greater taxation than that of their neighbor. some of the shining political lights of that State with
The trouble which would be experienced in levying a view to calling an extra session of the Illinois Legis
the tax is also touched upon. The difficulties of a lature to act on the Amendment. In Texas, where
fair apportionment of a tax upon gross earnings are they have already had two extra sessions the present
manifest. The gross earnings of many corporations year, the Governor contemplates calling still another,
afford no fair measure of the value of the property. for Texas, according to the press dispatches, is very
The difficulties with regard to the taxation of the net anxious to be the first State to adopt the Amendment.
earnings are also obvious. As to the utility of Federal In Minnesota, Governor Johnson, whom, we are asked
supervision and control, hear these pregnant words, to regard as a most conservative Democrat in contrast
contained in the appeal of the Association.
with the radicalism of Mr. Bryan, is also thinking of
“ Federal supervision of corporation accounts would convening the Legislature in extraordinary session for
be an unjust burden and would serve no good purpose. the purpose mentioned. And these instances might
The business of a corporation should be conducted
be extended.
honestly and conservatively in the interests of stock
Finally, we have Mr. Bryan himself writing an open
holders. The management alone should have the
right to determine the value of the assets of the letter to President Taft, suggesting that still another
corporation, and upon such valuation depends the Amendment be proposed for the ratification of the
determination of the amount of profits or net earnings. States, namely the election of United States Senators
The value of assets varies with fluctuating markets,
and such valuations are matters of judgment, to be by popular vote and pledging to the President his
determined by those engaged in the particular enter “ assistance” in securing the adoption of both Amend
prise, and who are familiar with conditions. A ments. A year ago we all voted for Mr. Taft so as
Federal supervision, if permitted to determine the net to rebuke the radicalism of Mr. Bryan. To-day we
earnings of corporations, would be responsible for find them both working together towards the same
valuations, and thus, in many instances, might
end. If all these plans succeed, the private citizen,
financially embarrass corporations which might be
who
now feels that the corporation tax is no concern
carefully and conservatively managed. Citizens of
the United States believe that they are guaranteed of his, may quickly find himself obliged to pay a tax
the right to conduct their legitimate business enter of the same kind and be subjected to similar Govern
prises without Federal supervision. Such super ment surveillance and inquisition. Possibly, par
vision would be paternalism carried to an extreme.
ticulars regarding his income will be spread out on
Corporate management is simply a cooperative form
the
records for public inspection, the same as is pro
of individual enterprise, and an attempt of the Federal
Government to dictate the conduct of such business is posed in the case of the tax on corporations. Some
manifestly objectionable.”
how, however, we cannot get ourselves to believe that
Bear in mind that the foregoing expresses the feeling, the movement is to have entirely smooth sailing.
not of huge corporations engaged in inter-State com
merce but of ordinary business corporations engaged
There is a pretty general*disposition to think that
in the plain business of manufacturing. The protest is the whole scheme of Federal income taxation and
to go unheeded because the President is determined Federal control of corporations is to fail— that the
to have a corporation-tax law, whether the people corporation-tax measure, if enacted, will be declared
want it or not. Nor should the fact be overlooked unconstitutional, and that the proposed Constitutional
that this is to be only the beginning of the Govern Amendment will be defeated. It is this that accounts
ment's interference in the private affairs of the citizen. for the fact that business activity is being maintained
We wish to lay particular emphasis on that point. The unimpaired and is even expanding in certain directions.
corporation is to come first, but the individual and the The iron and steel trades are notably active just at
partnership are to have their turn as soon as the Con present. The monthly statement of the “ Iron Age,”
stitutional Amendment can be adopted, giving Con published last week, showed that in June 1909 the blast
gress express authority “ to lay and collect taxes on furnaces of the United States produced 1,929,884 tons
incomes from whatever source derived.” When that of pig iron, against only 1,092,131 tons in the corre
has been done, any one having an income of any sponding month of last year. Ih finished iron and
kind, whether engaged in business or not, is to be steel the contrast between the output of the two years
liable to an annual tax to the Federal Government. is said to be equally marked, and the demand appears
And no time is to be lost in carrying the Amendment to be keeping pace with the enlarged output. As a
through if the President can have his way.
natural consequence, prices of iron and steel products
How ready Congress is to do the President’s bidding, show a marked tendency to rise. This week tba
and how thoroughly permeated the legislator has announcement has come that the leading independent
become with the idea that it is popular to make a levy steel companies, more particularly the Jones & Laughon any one having a respectable income, is evident lin Co., the Cambria Steel Co., the Lackawanna Stee
from the fact that on Monday of last week the Senate, Co. and the Republic Iron & Steel Co., had raised the
by an absolutely unanimous vote, adopted a joint price of steel bars and of plates and shapes to 1.30
resolution submitting the proposed Constitutional and 1.40 cents respectively per pound. This is an
Amendment to the States for ratification, and on advance of a dollar a ton, and the belief is expressed
Monday of this week the House adopted the same that the U. S. Steel Corporation will also make an
resolution by a vote of 318 to 14, so that the Amend advance as soon as the new tariff bill is enacted. Steel
ment now formally comes before the States for action billets have likewise been advanced $1 a ton. It is this
thereon. Many of the States, on their part, controlled recovery in prices, together with the growing activity,
12S
THE CHRONICLE
[VOL. LXXXIX.
ment in the week of July 3. The fortnightly adjust
ment on the London Stock Exchange began on Tues
day of this week; discounts were easy and the tone of
the market was generally firm.
Notwithstanding the sharp fall in foreign exchange
rates this week, which precluded the possibility of the
profitable export of gold to Europe, there were the
comparatively large shipments of 3% millions to Argen
tina on London account, and during the week tentative
In the copper trade the situation is not nearly so engagements were made for about the same amount
favorable. The domestic demand for copper is evi next week, indicating a probable continuance of the
dently increasing, but the trouble is that,in face of the movement. As has hereinbefore been stated, the gold
low price of the metal, production keeps mounting to that goes forward to Argentina is for the purpose of
higher and still higher figures, while stocks of copper indirectly effecting payment for wheat and other com
are enormous and keep growing. It is true that the modities that have been imported during the season
monthly statement of the Copper Producers’ Associa by British grain and produce dealers. Direct settle
tion, made public on Friday of last week, showed ments therefor through shipments of gold from Lon
deliveries of marketable copper for consumption and don were impracticable, owing in part to the condition
export during June of 131,557,573 pounds, as against of exchange on the British capital and of the currency
production from all domestic and foreign sources at Buenos Ayres, though occasionally moderate
during the month of 116,567,493 pounds. Thus stocks amounts of such shipments were made as reported
were reduced by 14,990,080 pounds on top of a de independently of exchange conditions. Our exchange
crease in these stocks in May of 13,349,932 pounds. on London was, however, favorable for exports of gold
In both cases, however, the reduction followed from thereto, for we were indebted to Great Britain on mer
extraordinary exports of the metal, and while domestic chandise account. Instead of remitting the metal
stocks of copper were reduced, foreign stocks were to London and thus effecting our settlements, arrange
very largely increased. These foreign stocks are now ments were made between our bankers and those at the
of prodigious extent, showing that the metal was pur British capital, who were indebted to Argentina, to
chased, not to meet consumptive requirements, but ship gold to that country on their account. The
proposition was accepted; our bankers forwarded the
because it is looked upon as cheap.
For July 1 1909 the foreign visible supply is reported gold to Argentina and drew upon the British bankers,
no less than 67,379 gross tons, against only 37,711 tons who were parties to the arrangement, for reimburse
at the same date in 1908 and but 12,298 tons and 12,275 ment. Thus we paid Argentina on London account
tons respectively at the same dates in 1907 and 1906. for the commodities it had exported to Europe, and we
Expressed in pounds, the foreign visible supply is probably remitted the reimbursing bill to our creditors
66 millions pounds larger than a year ago and 123 mil in London in payment of our obligations in the British
lion pounds larger than two years ago. Moreover, capital.
The operation was conducted at a profit; it was
even stocks in this country, while having been re
duced the last two months, amounted, nevertheless, otherwise advantageous, and gold shipments continue,
on July 1 to 154,858,061 pounds, against 122,357,266 even now, though there has been an important fall
tons on Jan. 1 1909. These figures relate only to the in our exchange rate on London. The uninterrupted
stocks of refined copper. According to the U. S. movement of gold to Argentina under existing circum
Geological Survey, there was on Jan. 1, in addition to stances suggests the possibility that London bankers,
the stocks of refined copper, blister copper and ma who are parties thereto, are providing credits against
terial in process of refining to the amount of 234,013, which our reimbursing drafts can be drawn; with such
843 pounds. Assuming that this stock of copper in provision shipments of gold that could not be effected,
process of refinement was no less July l than it had with sight exchange below the export- point to London,
been Jan. 1, and adding to it the 154,858,061 pounds could be profitably made at the slightly higher rate
of marketable copper reported on hand in this country for cable transfers.
by the Copper Producers’ Association and the 150,
There was a conference at the White House on
928,960 pounds of visible copper reported abroad on
Thursday
afternoon between the President, the Secre
the same date, we get a grand aggregate of copper in
tary
of
the
Treasury, the Senate Finance Committee
sight of 539,800,864 pounds, entirely independent of
and
the
House
Committee on Ways and Means, at
the stocks of metal carried by consumers and brokers.
which
the
matter
of an issue of Panama Canal or other
This is equal to nearly five months' output of the metal
bonds
was
discussed.
The conclusion reached was
in this country at the present rate of production. It
that
the
tariff
bill
conferrees
would write into that
is safe to say, therefore, that the possibility of any
measure
a
provision
authorizing
the Secretary of the
dearth of the metal, even under a great expansion in
Treasury,
at
his
discretion,
to
issue bonds for the
the domestic demand, is very remote, to say the least.
construction of the Panama Canal to the amount of
Austrian bankers secured the bulk of the 2% million 397 million dollars, which is the sum estimated by
Cape gold that was offered in the London market on the Chief Engineer as the limit of the cost of the Canal.
Monday, apparently without competition. The prob The details of the bond emission have, it is said, not
able reason for abstention from bidding by the Bank of been worked out; neither has it been decided what
England or by British bankers was the ample supplies interest they shall bear, nor what the life of the issue is
of money in the market as the result of movements to be; though it is understood that they will run for
incident to the completion of the semi-annual settle thirty years, the same time as that provided for the
that explains the further rise in the price of the shares
of the U. S. Steel Corporation on the Stock Exchange.
Yesterday Steel common got up to 72%, the very
highest figure ever reached in the history of the com
pany, and comparing with 41% at the time of the
break in February. The plants of the Steel Corpora
tion are said to be employed to the extent of 85@90%
of their capacity.
J u l y 17 1 9 0 0 . i
THE CHRONICLE
original issue of 130 millions under the,Spooner Act.
Of that sum of 130 millions, 8G millions have been
sold. If provision for the increased issue shall be incor’ porated in the tariff law, the 130 millions will be made
part of the total to be authorized by the new provision.
Out of the money realized from sales of the new bonds
there will be paid into the general fund of the
Treasury 40 millions to cover the sum paid to the
French canal company and also 10 millions that were
paid to the Panama Republic.
Events of the past week seem to indicate
that the Shah of Persia has been or is about
to be deposed and some form of constitutional
government adopted in that country.
If this
were the only result of the recent National st
movement no one would deplore it, but, according to
an eminent Persian authority in New York, the very
freedom of Persia is threatened, and Great Britain,
Russia, and, perhaps, for the present, Turkey,
are preparing to increase their respective spheres of
influence and become in fact the rulers of Persia.
Such an outcome, while a benefit commercially, may
cause the most serious political difficulties. England
and Russia will hardly succeed in dividing Persia,
should matters go thus far, with amity. England’s
natural sphere of influence is Southern Persia, which
joins India. But Russia’s well-known desire to obtain
an outlet to the Sea on the south has been, and will
continue to be, a constant menace to England. The
wave of Moslem unrest which is sweeping through Asia
and Northern Africa may also prove to be a factor in
the situation.
A Teheran, Persia, cable on Tuesday noted that the
Constitutionalist or Nationalist forces had unexpectedly
advanced upon Teheran on that day, and occupied the
greater part of the city without encountering any
organized opposition; the leader guaranteed to the
Russian and the British legations security of the lives
and property of the foreigners, asserting that nothing
was demanded from the Shah but a real constitution.
Efforts were apparently made to prevent any incident
that might justify a Russian force of observation
entering the city. A St. Petersburg cable of the same
date said that it was then regarded as quite probable
that the Shah would seek refuge either at' the British
or the Russian legation, and if he took this step it
would be considered equivalent to abdication. He
would be given an escort of troops to the frontier and
the Anglo-Russian consular guards would unite to
protect him at whatever refuge he sought. This pro
gram providing for the disposition of the Shah was
somewhat deranged through subsequent events. The
Shah’s forces succeeded in occupying an advantageous
point in the city and vigorously attacked the National
ists, though without dislodging them from their posi
tion. Later conferences were held between the com
manders of the Nationalists and the Shah’s forces look
ing to the surrender of the latter; though the British
and the Russian ministers urged the Shah to accept
such peaceful solution, he refused, and took refuge in
his palace; subsequently, it appears, he went to tho
Russian Legation.
The revolutionary demonstration has, seemingly,
not caused the least concern at the European financial
centres; the developments thus far have been entirely
of a political character; they have been observed closely
129
by the representatives of Great Britain and actively
by a Russian military force. The situation would
doubtless be relieved were the Shah to comply with
the popular demand for an effective constitution, such
as was granted Jan. 1 1907, which grant he revoked
last year when he dissolved the Parliament. The
fact that the Shah took refuge in the Russian Legation
at Teheran was regarded, as is above noted, as tanta
mount to his abdication; arrangements were therefore
promptly made to form a provisional government
pending the appointment of a regent.
An announcement has recently been made that
John D. Rockefeller will contribute $10,000,000 more
to the General Education Board to carry forward its
plan for tho endowment of educational institutions
throughout the United States. This new gift will be
available not later than Aug. 1, and brings the sum
total of Mr. Rockefeller’s contributions to this Board
up to $53,000,000. Of this amount, $20,000,000 re
mains subject to the disposal of principal and interest
by Mr. Rockefeller and his son during their life-time.
The remaining $33,000,000 is under the absolute con
trol of the Board and its successors. Mr. Rockefeller
has now given away, it is stated, more than $112,
000,000, nearly all to the general cause of education.
Now that the new German Budget supported by the
Conservative and Clerical parties has passed its third
and final reading in the Reichstag, and that Dr. von
Bethmann-Hollweg has been appointed Imperial
Chancellor in place of Prince von Buelow, resigned,
the present financial crisis in Germany may be con
sidered as passed, even though the reform legislation
is manifestly inadequate. On Wednesday of this week
the appointment of Dr. von Bethmann-Hollweg was
officially announced and Prince von Buelow retired
to private life, receiving from the Emperor the order
of the Black Eagle, in diamonds, as evidence of his
esteem. The Prince succeeded von Hohenlohe, the
second Chancellor after Prince Bismarck, and he has
held the office since 1900. The political aspects of
the change in the Chancellorship are regarded as im
portant, and in some degree indicative of progress
toward Ministerial responsibility to the Reichstag.
In politics the new Chancellor is a mild conservative,
but he is said to bo most particular in the application
to himself of the traditional policy that the servants
of the crown must be non-partisan.
The persistent dis*fcvrbance made towards forcing
a one-rate fare to Coney Island, regardless of the
consequences to the carrier, is advanced another
stage towards final disposition by the summons, fore
shadowed last week, to the Coney Island & Brooklyn
company to put itself on the defensive. This line
formerly accepted the single fare on days of ordinary
travel, doubling it on Saturdays and other crowded
days, while the Brooklyn Rapid Transit was charging
the double rate. Now, having granted the Coney
Island company leave to charge the higher fare on
the special days, the complainant takes the hint of
fered him, and the Commission has given the company
ten days to show cause why the single fare should not
serve on ordinary days. It replies informally that it
cannot afford such an arrangement, and that to apply
coercion upon it while the larger corporation goes free
is unfair discrimination.
130
THE CHRONICLE
As to the latter, it might be said that discrimination
and selection are always so unfair that the compara
tive wrong done to one or another subject of it is lost
in the greater wrong of the thing itself; it further might
be said that the large corporation can be attended to
later, as for the sake of a show of consistency it would
have to be. The whole case was fought out on legal
grounds and won by the company before the Commis
sion was enacted into being; its powers over the case
now are another branch of the large question of its general
powers, and must get to the final tribunal ere long,
since the company now attacked will of course apply
to the courts if the Commission rules against it. The
question whether a carrier can afford to grant some
thing which the public would like has been treated,
for several years past, as interesting but academic
rather than material. This matter of a Coney Island
fare only raises the point between the desirable and
the practicable more sharply. The facts concerning
it are familiar. It is not denied that the carrier cannot
afford the one-rate fare— or, rather, the question
whether it can afford it is not taken up seriously, over
against the fact that the people want the concession.
What people want, they call for, leaving no doubt
about the want, and sometimes (as we have admitted)
they “ ought” to have it; whether some particular car
rying corporation, instead of the entire public, can be
legally forced to supply the desired boon, at its own
sacrifice, is what the courts must presently tell us.
On Monday will occur the formal opening of the
lower twin tubes of the Hudson & Manhattan Company
(the McAdoo system) direct from the Pennsylvania
Itailroad station in Jersey City to the Hudson Terminal
Building on Church Street in Manhattan. The first
pair of tubes, from Hoboken to Morton Street, have
now been about a year in use. Tubes joining the rail
road stations on the New Jersey side will be finished
in a few weeks more, and then three sides of a circuit
between Manhattan, under the Hudson and back again,
will be practicable for those who choose to make it.
These under-river tubes are for river-transit cars only;
but the tubes of the Pennsylvania, which are nearly
completed, will be for unbroken use in railway pas
senger traffic.
Incoming and outgoing passengers will now, or very
speedily, be able to use the McAdoo tubes as a means
of passing the river barrier, and this will apply to local
as well as through travel although arrangements as
to details are not quite adjusted yet. So far as pas
senger movement is concerned, the tubes offer a more
complete alternative to the ferries than the one pair
under the East River have thus far offered. The ef
fect upon the ferries is yet to be shown, those on the
Hudson have always been railroad ferries, carrying
the entire rail as well as the exclusive local traffic;
naturally the rail traffic will practically all be diverted,
and the tunnels will be equally open to strictly local
passengers. How the ferries will adjust themselves
is for time to show. Freight and team traffic lies
still outside of tubes, and apparently ought to suffice
for support of ferries, at least of ferries adapted par
ticularly to it; but the East River problem has taken
.the natural form of calling upon the cit}r for solution.
If a like case arises on the Hudson side, it will at least
present one variation by involving another city in
another State.
[VOL. LXXXIX.
Building construction operations for June show a
marked recession from the notable activity of preced
ing months, but nevertheless were of greater volume
than in the corresponding period of 1908, and only
moderately less than for 1907. That there should be
a let-up in the extreme activity that had characterized
building operations since last fall can occasion no
surprise and is not to be taken as indicative of any
adverse change. Doubtless, the need for business or
dwelling accommodations has for the time being been
well supplied, and to continue operations on the plane
of earlier months would result in over-supply. Hence,
somewhat of a halt has been called.
In this, of course, we are speaking generally. Ihere
is still evidence of pronounced activity in many sec
tions of the country, more particularly in the West.
For example, plans filed for structures at Minneapolis
covered an estimated outlay of $2,338,515 during June
this year, or 167% more than for the month of 1908,
and 130% greater than for 1907, and at St. Paul this
year’s permits entail an outlay exceeding last year by
over 100% and two years ago by a heavier percentage.
Many Pacific Coast cities are in the same category,
notably Seattle, Spokane and Tacoma. Chicago,
Kansas City, Cleveland, Philadelphia, Buffalo, Newark
and Rochester are other important cities conspicuous
for large gains over either 1908 or 1907.
In fact, of the 92 cities included in our compilation
only 23 show smaller totals of estimated outlay for
building construction this year than last, and in most
cases the losses are moderate or light. At St. Louis,
for instance, the decline from 1908 is only a little more
than 2% and at New Orleans l}/£% . At Denver, on
the other hand, and at some other of the larger cities,
where operations had been very active for a number
of months, more or less important decreases were
recorded in June as contrasted with the month of
1908. The June result in Greater New York, however,
is most calculated to attract attention, especially on
account of the let-up in the Borough of Manhattan.
Ever since last November almost unprecedented ac
tivity had characterized operations here, but for the
month of June the new buildings projected and altera
tion work arranged for in Manhattan covered an esti
mated outlay of only $10,256,245, as against $16,182,
715 in 1908, or a decrease of 36.6% and a decline of
14% from 1907. Still, for the whole of the greater
city June operations this year cover a slightly larger
total (4-10 of 1%) than in 1908, due to important
gains in Brooklyn (180%) and the Bronx (72%), but
compared with 1907 there is a decline in the aggregate
of 13%.
Exclusive of Greater New York, the general result is
more favorable, the prospective expenditure entailed
by June operations, at $45,135,573, contrasting with
$30,506,588 for the same period a year ago, or an
excess of 48%; compared with 1907 there is a loss of
12)^%. Including New York the grand aggregate is
$65,716,630, as against $51,005,655 for the month of
1908, or an augmentation of 28.7%. Contrasted with
the period in 1907, however, there is a decrease of
12.6%.
For the first half of the calendar year 1909 we have
the returns for 82 of the leading cities of the country,
and they make a noteworthy exhibit. For Greater
New York the new construction work planned in the
six months represents, according to official utterances,
J u l y 17 1 9 0 9 .!
THE CHRONICLE
131
Commission’s authority, he says. That body is not
responsible for the terms, which had already been
passed upon. If the proposed road was required and
was for public convenience, then it was the Commis
sion’s duty to consent.
Justice Houghton, while agreeing with the other
four, does not think the Commission absolutely bound
to concur “ in all cases where the public authorities
have granted permission.” He explains this by the
suggestion (which may conceivably be useful in some
situations where the profit or loss to the carrier is in
danger of being treated as of minor consequence),
that “ reasonable prosperity is necessary to reasona.
ble service,” and it is conceivable that a corporation
desirous of getting some franchise might bind itself
to conditions of service which could not be carried out
at a profit, and thus the corporation might prove a
cumberer of the ground rather than a public utility.
If we exclude the supposition that in this instance
the members of the Commission were not (perhaps un
consciously) moved to disagree with the Board of Esti
mate because of the desire to magnify themselves as a
power to be reckoned with, it is admitted that the
Probably most reflective persons in this city have a convenience and necessity were allowed, but the terms
definite opinion about the real net public value of were declared too liberal to the company. The lega
the Public Service Commission, and the inevitable point at issue is therefore rather fine: how far the Com
j udicial interpretation of the powers of that body under mission may pass upon “ convenience and necessity”
the law has been brought nearer by the issue raised while not empowered to pass upon “ terms” and “ con
between it and the Board of Estimate. About two ditions.” The practical question how far its powers
months ago the latter body granted a franchise to the'1 extend is of such importance that the decision of the
South Shore Traction Company for a surface road into Court of Appeals will be awaited with interest.
Queens County via the Queensboro Bridge, but the
Commission refused to approve. Section 53 of the
The bank statement of last week showed, accord
law makes “ permission and approval of the proper Com ing to the teport of actual conditions, a maximum
mission” a condition precedent to beginning construc surplus for the year; the amount recorded was $34,
tion of any new surface road or exercising any fran 029,800, against $32,922,275; the previously reported
chise or right not already existing when the law was high surplus was on Jan. 23. Actual loans were con
passed. This Commission is not mentioned by name, tracted $8,185,800, this reflecting liquidation of specu
yet the language of the entire section seems to make lative accounts on the Stock Exchange. Actual cash
clear that the Public Service Commission is the body increased $5,736,400; deposits, according to the state
intended, for if the construction intended or the fran ment of actual conditions, were reduced $4,368,000.
chise desired is “ to be exercised in both districts,the Actual reserve increased $6,828,400 to $34,029,800,
approval of both Commissions shall be secured.”
as above noted; computed upon the basis of deposits,
At the beginning of the dispute, the jurisdiction of less those of $2,232,400 public funds, the surplus was
the Commission was denied, but now the question re $34,577,900.
lates only to the extent of its powers of approval.
The matter having been expedited to the Appellate
The New York national bank depositaries during
Division, that tribunal of five judges has unanimously the week surrendered to the Sub-Treasury, for them
decided that a railroad franchise comes into existence selves and for those of their correspondents which were
upon compliance with the conditions of the railroad depositories, about 6 million public funds, in response
law, and that this law makes a condition of a franchise to the call by the Secretary of the Treasury, on June 30,
that the local authorities having control of tke streets for 25 millions, of which call the allotment of 9 millions
shall consent. This seems to agree with the contention matured on Thursday. A sharp advance in cotton
of the Corporation Counsel, that the refusal of the Com early in the week, followed by speculative manipula
mission in this case amounts to invasion of the city’s tion for a rise in the wheat market, had only a slight
right to control its own streets. It is clear, says Jus influence upon money; this was reflected in a demand
tice Ingraham, that the Legislature “ did not intend for funds from the grain and cotton-distributing points,
to substitute the Public Service Commission for the but there was no perceptible change in rates for Stock
local authorities,” and that body cannot “ add to or Exchange loans. It was reported that some Canadian
take from the conditions to which those authorities money that had been loaned in New York on call was
were willing to consent.”
withdrawn during the week; this report seemed likely
The State, however, says Justice Ingraham, imposes to be true, for the wheat yield in the Canadian North
upon the corporation, as a condition to franchise west is large, and on the eve of harvesting and distri
“ the obligation of satisfying the proper Commission bution to the markets. It may be observed that com
that construction of the proposed railroad is a neces mission-house borrowing is comparatively small, the
sity or convenience for the public service.” Neces high prices for stocks contributing to discourage opera
sity or convenience was the single question within the tions by non-professionals, and, therefore, brokers
the largest aggregate of any half-year period on
record, and the same is without doubt true of many
other sections of the country. The intended expendi
ture at the 82 cities for the six months of 1909, as we
make it up, reaches 415 million dollars, against 250
millions in the like period of 1908, or an increase of
66.1% . Compared with the approximate cost of 373
millions in 1907, there is an increase of 11.4%.
Greater New York operations were 108.6% larger, as
compared with 1908, and a gain of 36% is indicated
over 1907. Outside of this city also the gain, as con
trasted with last year, is large, reaching 50%; but is
only 1.7% over two years ago. Altogether, in this
review of building construction operations in the
United States for June and the half-year, we
have convincing proof of the important revival that
has taken place in one of the leading industries of the
country— a revival that has been far-reaching in its
effects, giving stimulus to numerous branches of trade
from which materials are drawn— the structural steel
industry for example— and furnishing employment to
thousands.
133
THE CHRONICLE
[VOL. LXXXIX.
are meeting their requirements with loans on call in- J Compared with Friday of last week, rates
change on Saturday were 15 points lower for
stead of seeking those for fixed dates.
Day-to-day money loaned on the Stock Exchange
during the week at 2% and at l% % , averaging about
1J4%> all lending institutions quoted 1% % as the
minimum. Time loans on mixed collateral were in
request, chiefly for six months; some exceptionally
large contracts were placed for this period at fraction
ally higher rates than those which ruled last week.
One feature was the maintenance of a 3j/£% quotation
for funds on all industrial collateral, and also on good
mixed security; the former, however, consists largely
of Steel and of other dividend-paying properties.
Rates for the various maturities were 2% for sixty
and 234@ 2j^ % for ninety days, 2)/£@ 2% % for four,
3% for five, 334@33ds% for six months and 3j^% for
longer periods. Commercial paper is readily marketa
ble, and rates are practically unchanged at 3 @ 3 j^ %
for sixty to ninety day endorsed bills receivable, 33*}@
3M % f° r prime and 4 and above for good four to six
months’ single names.
The Bank of England rate of discount remains un
changed at 2J/£%. The cable reports discounts of
sixty to ninety day bank bills in London
The open market rate at Paris is 1M % and at Berlin
and Frankfort it is 23/g@2j^%. According to our
special cable from London, the Bank of England lost
£108,499 bullion during the week and held £41,000,992
at the close of the week. Our corresopndent further
advises us that the loss was due mainly to exports to
Constantinople. The details of the movement into
and out of the Bank were as follows: Imports, £12,000,
from miscellaneous sources; exports, £141,000 (of
which £41,000 to South America and £100,000 to Con
stantinople), and receipts of £21,000 net from the
interior of Great Britain.
for ex
long at
4 8635@4 8640, 5 points for short at 4 8765@4 8770
and 5 points for cables at 4 8785@4 8795. On Monday
short fell 20 points to 4 8745 @ 4 8750 and cables 25
points to 4 8760 @ 4 8770; long was unchanged. On
Tuesday long was 60 points lower at 4 8570@4 8580,
short 30 points at 4 8710@4 8720 and cables 35 points
at 4 8730@4 8735. On Wednesday long recovered
10 points to 4 8580@4 8590, short 5 points to 4 8715@
4 8720 and cables 5 points to 4 8735 @ 4 8740. On
Thursday long fell 10 points to 4 8575 @ 4 8580, short
5 points to 4 8710@4 8720 and cables rose 5 points
to 4 8735 @ 4 8745. On Friday long was 20 and short
and cables 15 points higher.
The following shows daily posted rates for sterling
exchange by some of the leading drawers.
F r t.,
T h u r s .,
W e d .,
T ile s .,
M o n .,
F r t.,
J u l y 9. J u l y 12. J u l y 18. J u l y 14. J u l y 15. J u l y 16.
/ 60 days
Brown
Bros. & C o...........
S igh t..
K idder , Pe b o d y
j 60 days
& C om p a n y.------ ..\ S lg h t ..
Bank British
J60 days
North A m erica.. -.\ S lg h t-Bank of
/ 60 days
Montreal . - ......... — \Slght-.
Canadian Bank
J60 days
of Commerce____ ..\ S lg h t. Heldelbach, Ickel/ 60 days
lielmer & C o......... --I S I g h t -.
Lazard
/ 60 days
Ereres _________ — \Slght-.
Merchants’ Bank
/ 60 days
of Canada_______ --\ S lg h t-.
•1
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
87
88K
87
881$
87
881$
87
881$
87
881$
87
881$
87
881$
87
88 A
861$
88
86 'A
88
801$
88
861$
88
801$
88
86)-$
88
801$
88
864$
88
86>$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
86)$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
86!*}
88
864$
88
864$
88
864$
88
864$
88
864$
88
864$
88
86!£
88
86!*j
88
86!£
88
864$
88
8bj^
88
864$
Rates for exchange on Friday were 4 8590@4 86
for long, 4 8725@4 8735 for short and 4 8750@4 8760
for cables. Commercial on banks 4 8565@4 8575
and documents for payment 4 85 @ 4 8560. Cotton
for payment 4 85 @ 4 85)^, cotton for acceptance
4 8565@4 8575 and grain for payment 4 85Yi @ 4 85%.
The following gives the week’s movement of money
to and from the interior by the New York banks.
W e e k e n d in g J u l y
16 1909.
S h ip p e d b y
R e c e iv e d b y
N . Y . H a nks. N . Y . H a n ks.
N e t I n t e r io r
M o v e m en t.
The foreign exchange market fell sharply early in
$11,561,000
$3,191,000 Gain $8,370,000
499,000
1,608,000
1,109,000 Gain
the week. This was due to speculative selling, to
$13,169,000
$4,300,000 Gain $8,869,000
offerings against engagements of gold for shipment
to Argentina, and also against securities that had been
With the Sub-Treasury operations and gold exports
placed abroad. Commercial futures were sold in antici the result is as follows:
pation of early deliveries of cotton and grain bills,
N e t C h a n g e in
O ut of
I n to
B a n ks.
H a n k H o ld in g s .
when the active export season should begin, and
H anks.
W e e k e n d in g J u l y 16 1909.
$4,300,000 Gain $8,869,000
finance and other loan drafts were in liberal supply. Banks’ Interior movement, as above. $13,169,000
40,600,000 I.oas 10,500,000
30.100,000
Sub-Troas. oper. and gold e x p o r ts ..
The fall in exchange rates was so violent that it carried
$43,269,000 $14,900,000 Loss $1,631,000
sight drafts downward nearly one cent per pound
The following table indicates the amount of bullion
sterling below the high point recorded last week.
Though exports of gold to Europe were made imprac in the principal European banks.
ticable by this decline, shipments to Argentina, as
J u l y 16 1908.
J u l y 15 1909.
elsewhere noted, could be profitably effected, and the B a n k s o/
S tiv e r .
G
o
ld
T o ta l.
T
o
t
a
l.
G o ld .
S tiv e r .
sale of reimbursing bills against such exports continued
£
£
£
£
£
£
41,000,992 37,823,994
37,823,991
41,000,992
to influence the market. A covering of short contracts England..
France - - 147,738,520 35,879,720 183,618,210 126,804,551 36,432,879 163,237,430
Germany
39,121,100 12,850,400 51,971,500 41.355.000 13.785.000 55.140.000
7.777.000 119,999,000
on Wednesday, due to the development of oversold Russia a - - 125,678,000 8,818,000 134,496,000 112,222,000
Aus.-Hunb 56.364.000 12.831.000 60.195.000 46.845.000 13.349.000 60.194.000
15.654.000 26.823.000 42.477.000
conditions, arrested the decline. The advance in Spain----- 15.983.000 32.078.000 48.061.000
30.153.000
4.275.000 40.428.000
Italy, d . . 38.517.000 4,710,000 43.227.000
10.532.000 3,575,700 14.107,700 7,703,300 4,168,200 11,871,500
wheat at Chicago seemed to promise a smaller export Netherl’ds
Nat.Belg.d 4,306,667 2,153,333 0,460,000 4,082,667 2,041,333 6.124.000
4.378.000 3.883.000
3.883.000
. - 4.378.000
movement of this commodity than had been expected, Sweden
4,737,100 3.735.000
3.735.000
Swttzcrl’d. 4,737,100
1.632.000
1.697.000
1.632.000
Nonvay
1.697.000
and there were some apprehensions lest early ship
Total week 490,053,379 112,896,153 602,949,532 437,893,512 108,651,412 546,544,924
436,097,161
ments of cotton, as well as of wheat, might be checked. Prev. week 490,081,178 113,289,553 003,370,731
108,349,799 544.446,900
This change in the outlook for the exports of com
a The total of gold In the Bank of Russia Includes the balance held abroad
that Is. the amount held for Russian account In other Continental banks. The
modities and for resulting supplies of commercial bills proportion
so held and consequently duplicated In the above statement Is about
of the total this year, against about one-eighth a year ago.
induced caution in the negotiation of those finance one-tenth
b The Austro-Hungarian Bank Statement Is now Issued In Kronen and Ilcller
of Gulden and Kreutzer. The reduction of the former currency to sterling
and other loan contracts which were dependent upon Instead
Pounds was by considering the Gulden to have the value of 80 cents. As the
Kronen has really no greater value than 20 cents, our cable correspondent In
a free export movement for their profitable execution. London. In order to reduce Kronen to Pounds, has altered the basis of conversion
the amount of Kronen by 21 Instead of 20.
The market grew steadier toward the close of the day, by ddividing
The division (between gold and silver) given In our table of coin and bullion In
the Banks of Italy and Belgium Is made from the best estimates we are ableito
and it was without new feature thereafter, fluctuating obtain;
It Is not claimed to be accurate, as the banks make no distinction In their
weekly returns, fnerely reporting the total gold and silver; but wo believe the
within a narrow range.
division we make Is a close approximation.
J u l y 17 1 9 0 9 . |
THE CHRONICLE
133
will be adding still further to their burdens. The im
W HAT THE STATES DO IN THE W A Y OF
portance of the general subject of corporate taxation
TAXING CORPORATIONS.
is well expressed in the trenchant remark made by the
Aside from the numerous other objections to the Commissioner of Corporations in one of the earlier
proposed Federal tax upon the income of corporations, paragraphs of his letter transmitting the report to the
there is the further objection that corporations are President, to the effect that “ the great growth
already very largely and as a rule also very heavily of corporate wealth has made corporate taxation the
taxed by the States. Furthermore, in not a few of first factor in the problem of State revenues/’ The
the States the greater part if not the entire expenses purpose of the report, he declares, is not argument
of the State Government are paid out of revenues but description. One is not surprised to hear the
derived from that source, or from some other special Commissioner say that the systems of corporate tax
forms of taxation closely akin thereto. It is obvious ation in New England are not final and that they differ
that so far as that is the case the attempt of the general widely. Mr. Smith himself gives the explanation.
Government to appropriate to its own use the same The taxation of individuals is substantially the same
source of revenue through the corporation tax on in throughout New England. Corporate taxation on the
comes is trenching upon a field of taxation which be other hand, shows wide diversity both in theory and in
longs peculiarly to the State, since it is the State practice. Individuals are taxed on property. Cor
which endows the corporation with life. These cor porations are taxed on property or on income, or on a
porations are the creatures of the State, not of the combination of both, or on capital stock, either par
United States. Remember that the proposition is or market value, or occasionally— as in the case of
to tax all classes of corporations— banking, financial, telegraph and telephone companies— on mileage or
mercantile, manufacturing and trading— no matter number of instruments. Administration ranges from
where located, no matter in what State chartered and a system highly developed, handled centrally by State
no matter whether their business is confined within officials with large powers, to no centralized adminis
tration whatsoever.
State lines or extends beyond them.
The Commissioner refers to the Massachusetts
In this state of things especial interest is given to
an elaborate report recently issued in printed form taxation “ of corporate excess,” — that is on the
from the Bureau of Corporations in the Department oft market value of stock, less property otherwise taxed—
Commerce and Labor at Washington. This report as being particularly interesting. The method is
deals with the system of taxing manufacturing, mer applied to all domestic corporations in that Common
cantile, transportation and transmission corporations wealth. Connecticut applies it to railroads, adding
in the States of Maine, New Hampshire, Vermont, also their bonded indebtedness as a measure of ability
Massachusetts, Rhode Island and Connecticut. In a to pay taxes. Railroads would be subject to the Federal
word, it deals with the methods of taxing corporations Corporation Tax the same as other corporations and
in each of the six New England States. It would hence it is important to note that the Commissioner
of course be particularly useful at this juncture to have says that railroads are among the largest taxpayers
similar facts and information for the other States to the States. In Maine they are taxed at a graduated
in the Federal Union; but Part I. is the only portion percentage of gross transportation receipts; in New
of the general investigation which is yet ready, and Hampshire on property, but through a State board;
this is confined, as already stated, to the New England in Vermont upon gross earnings; in Massachusetts by
States. Additional parts dealing with other groups the State on their “ corporate excess” , as just ex
of States, we are told, may be published later.
plained, and by the towns on much of their property;
It is needless to say that it is a mere coincidence in Rhode Island on real property by the local authori
that this report should come to hand at the present ties; in Connecticut on the sum of bonded debt and
time. It has not been issued with any reference to the market value of stock. Other public service corpora
proposed Federal Corporation Tax. The investiga tions, such as street railway, telegraph, telephone,
tion was undertaken with the view to seeing to what express, car, gas and electric companies are most
extent corporations were made subjects of special often brought under special and new systems of
or distinct taxes in the various States, what systems taxation. Taxation of public service corporations on
or methods were employed for the purpose, and to gross receipts, we are told, is growing in use. Maine
contrast the different systems with one another. The and Vermont use this largely; Massachusetts, Connecti
descriptions given in the report present the systems cut and Rhode Island in part; New Hampshire not at all.
in force on Jan. 1 1909; but foot notes bring the matter
In the matter of manufacturing and mercantile
up to April 15 1909. The letter of submittal of the corporations Massachusetts has succeeded beyond
Commissioner of Corporations, Herbert Knox Smith, other States in efforts to levy special taxes. That
bears a later date, namely May 17; but even this was State, as already noted, taxes the corporation itself
long before the proposed Corporation Tax had been on its corporate excess through the State Tax Com
seriously suggested as an amendment to the Tariff Bill. missioner. The other States also- make efforts to
The fact that all the information was gathered inde reach this corporate excess in the hands of the share
pendent of any bearing or connection with the Cor holders through local officials, but thus far have not
poration Tax matter gives special utility to it.
succeeded very well. Massachusetts receives over
The fact which strikes one most forcibly in an ex $2,000,000 from this source; the other five States very
amination of the report is that the States, at least as little. Banks, insurance companies and other financial
far as New England is concerned (to which section the corporations pay large amounts, often exceeding the
present book, as already stated, is limited), have tax paid by railroads, it is stated, but they do not
already abundantly availed of their powers of taxa come within the scope of the Commissioner’s report
tion, and hence the Federal Government by its action except in the comparison of financial results.
134:
THE CHRONICLE
Another observation made in the report is worth
noting, namely that New England has made consider
able advance in separating the sources of State and
local revenue. Local jurisdictions are supported
through the tax upon local property and the State
Government by taxes upon corporations and inherit
ances. This will make it peculiarly hard if the
Federal Government should now levy upon the same
sources of revenue. Vermont and Connecticut pay
practically all State expenses in that way. In the
other States, the towns still collect large amounts to
turn over to the State. The complete separation
of State revenues from local revenues has become
popular, it is pointed out, in the general movement
toward taxation reform. Bearing on this matter, it is
rather significant that the Commissioner of Corpora
tions, without any thought of the application that
the remark might have upon Federal taxation, ventures
the statement that in this change toward taxation
reform “ the tax upon corporations has to a considerable
degree been relegated to the State as an appropriate
source of revenue for State purposes, with which we
usually find grouped revenue from inheritances and
to a less degree other special sources of revenue.”
A little table in the report shows in a graphic way
how far this movement towards supporting the State
through corporations and other special taxes has
already gone, and indicates therefore what complica
tions will be introduced if the United States should
now enter the same taxation arena. Taking first the
special taxes derived from corporations alone, it appears
that in Maine 48.88 per cent of the State revenue
came from that source; in New Hampshire 27.21
per cent; in Vermont 56.45 per cent; in Massachusetts
35.09 per cent; in Rhode Island 39.78 per cent and in
Connecticut 83.54 per cent. Combining the tax on
corporations with the taxes derived from other special
sources (that is sources other than general property
tax), we find that in Maine no less than 66.96 per cent
of the entire State revenues came from these special
sources; in New Hampshire 56.48 per cent; in Vermont
98.93 per cent; in Massachusetts 70.18 per cent; in
Rhode Island 64.39 per cent, while in Connecticut
the full 100 per cent came from these sources, 83.54
per cent in that State coming, as already noted,
directly from the tax on corporations.
This being the case, the tax on corporations by the
Federal Government would seem to belong in the same
category as the proposed Federal inheritance tax
which formed part of the Tariff Bill as it came from the
House of Representatives, and which was so generally
antagonized by the States as encroaching upon a
source of revenue belonging to them, that the Senate,
in its bill, abandoned altogether the idea of a Federal
tax on inheritances. But the Corporation Tax, as we
see, is also an encroachment upon the prerogative of
the State.
It is rather noteworthy, too, that the Commissioner
of Corporations in discussing the subject of taxing
personal property and the general theories of taxation,
is moved to say that there is growing hostility to
double taxation. His exact words are: “ Subordinate
to the two general theories is the great and growing
hostility to double taxation— the exacting of two or
more payments from one person or from two or more
persons by reason of the same piece of property or
other source of ability to pay taxes.” But if the
[VOL. LXXXIX.
General Government is also to levy a tribute, we will
in numerous instances have treble taxation.
The concern of the States in the matter is even
greater than is indicated by what has been said. As
far at least as manufacturing and mercantile corpora
tions are concerned, all of which are to come within
the scope of the proposed Federal tax, the States
sometimes leave such corporations entirely free as a
matter of policy. The Federal Government, however,
would exact tribute from them all. The Commis
sioner of Corporations unwittingly furnishes an argu
ment against the tax from this standpoint when he
points out that there is a great difference in corpora
tions. A manufacturing corporation, he well says
— its property being situated in one place, the business
not being of a quasi-public nature and no practical
monopoly being enjoyed— is much more like a natural
person or partnership than is a corporation engaged
in railway business. Evidently therefore we are
running up against a great many snags in the proposed
tax on corporation incomes and the wide scope it is
to be given.
FOREIGN TRADE OF THE UNITED STATES,
1908-09.
A decline in the aggregate foreign trade of the coun
try is the feature of the completed figures of exports
and imports for the fiscal year ended June 30 1909.
It will be remembered that, following the financial
upheaval of the fall of 1907, the imports of foreign
merchandise fell off decidedly, the monthly totals
for the last half of the fiscal year 1907-08 showing a
very marked drop from those for the corresponding
period of 1906-07. Export aggregates, however, did
not show any diminution until March, and even then
the decreases were much less pronounced than in im
ports. It thus followed that, while in the aggregate
trade (exports and imports combined) for the full fiscal
year 1907-08 there was a loss of 260 millions of dollars
from the record total of 1906-07, all but 20 millions
of the loss was to be found in the import total; and
the net export balance proved the largest in the history
of the country.
In the fiscal year lately ended, however, or, more
properly speaking, in the last half of it, imports no
ticeably increased and exports for almost every month
were much lower than for the corresponding period of
the previous year. Furthermore, for the last month
of the period (June 1909), the exports were actually
$7,158,104 less than the imports, the first monthly
adverse balance in our foreign trade since the month of
June in 1897. Finally, the year’s result, as now an
nounced, is a total foreign trade ol 2,975 million dol
lars, or a decline of 80 millions from 1907-08; as in the
inward movement of merchandise there was an in
crease of 117 millions, this means that in the outward
flow there was a loss of 197 millions. The favorable,
or net export, balance for 1908-09, at 351 millions of
dollars, is not only much less than for 1907-08, but
actually the lowest since 1896-97.
The foreign trade results portrayed in the foregoing
merely reflect the situation of affairs here and abroad.
With the improvement in business and industrial con
ditions in the United States, the replenishment of
stocks of foreign merchandise, which had been allowed
to appreciably dwindle, became an urgent necessity,
hence the increasing volume of imports during recent
J u l y 17 1 9 0 9 .]
THE CHRONICLE
months; furthermore, in the latter part of the fiscal year
tariff legislation, with the prospect of higher duties in
certain directions, also served to swell the imports.
On the other hand, the rather unsatisfactory situation
in a number of foreign countries, due to poor crops,
financial or political disturbances, industrial depression,
&c., caused a curtailment of foreign purchasing power,
which the decline in our exports reflects. The high
prices and short supply of our leading cereals have
likewise been a not unimportant factor in the falling off.
To indicate fully the changes in our foreign trade
movement, we append a compilation showing the im
ports, exports and balances of merchandise, gold and
silver, month by month and quarter by quarter, for
the last two fiscal years. The statement will, we be
lieve, be found interesting.
F O R E IG N T R A D E M O VEM EN T IN 1908-09 AND 1907-08.
It is clearly apparent from the foregoing that the
aggregate exports of merchandise for the twelve
months of 1908-09 were only $1,663,126,908, against
$1,860,773,346 for 1907-08, and that the concurrent
imports were $1,311,948,592, against $1,194,341,792.
There was left, therefore, in 1908-09 a net export bal
ance of but $351,178,316, which compares with $666,
431,554 in 1907-08.
In view of what has been, said, the details of the ex
ports possess interest. The shipments of breadstuffs
reached a total appreciably less than in either of the
three previous fiscal years, having been only $160,000,
000, against $215,260,588 in 1907-08, $184,120,702 in
1906-07 and $186,468,201 in 1905; 06, the result as
disclosed being more favorable than would have been
the case but for the higher prices secured. We sent
out in the fiscal year just closed only 67,090,000 bushels
of wheat, against 100,371,057 bushels in the previous
year and 76,509,423 bushels two years ago; but for this
135
year’s shipments we secured 101% cents per bushel,
against 99 4-10 cents a year ago and only 78 7-10 cents
in 1906-07. The outward movement of flour in 1908
09 was also less than in 1907-08 or 1906-07 (10,645,000
barrels, against 13,927,247 barrels and 15,584,667
barrels), but we obtained for it $51,180,000, against
$64,170,508 last year and $62,175,397 in 1906-07,
owing to the higher average value—$4 86%, against
$4 60% and $3 99. Corn exports were likewise ex
tremely light, reaching only 35,950,000 bushels— the
smallest total since 1901-02, and comparing with
52,445,800 bushels last year and 83,300,708 bushels
two years ago. Here again higher prices were opera
tive, the average export value having been 70 1-10
cents, contrasted with 64 7-10 cents and 53 1-10 cents.
Provisions shipments also showed a decline from the
previous year greater in quantity than in value,
higher prices having been quite generally obtained.
The aggregate value of the provisions exports for the
last fiscal year is given at $166,000,000, against
$192,802,708 in 1907-08 and $202,392,508 in 1906-07.
Cotton exports, on the other hand, were much greater
than those for the previous year, quantitatively speak
ing, but less in value, due to the lower prices received.
The aggregate shipments in 1908-09 were 8,574,000
bales, valued at $417,400,000, against 7,434,580 bales
and $437,788,202 in 1907-08 and 8,708,469 bales and
$481,277,797 in 1906-07. The average price received
was 9.39 cents in 1908-09, which compares with 11.47
cents in 1907-08 and 10.65 cents in 1906-07. Exports
of petroleum were larger than in 1907-08, both the
quantity sent out and the value thereof exceeding therecord figures of the previous year. They stood at
1,464,000,000 gallons, valued at $106,000,000, against
1,372,955,746 gallons and $104,116,440 in 1907-08
and 1,185,202,449 and $84,855,715 in 1906-07. As
the figures denote, in this instance also a lower average
price was received. The four leading items of exports
(breadstuffs, cotton, provisions and petroleum) fur
nish a total value of $849,400,000, or $100,567,938 less
than covered by the same articles in 1907-08, leaving
$97,079,507 of the total loss of $197,647,445 in mer
chandise exports to be otherwise accounted for.
The figures for the other articles of export for the full
fiscal year will not be available, however, until early
next month. But from the returns for the eleven
months, which we have at hand, a fairly conclusive
idea of where the greater part of the decline occurred
can be reached. It is clear that most of the important
items of merchandise went out less freely in 1908-09
than in 1907-08. Iron and steel manufactures ex:hibit a drop of approximately 41 millions of dollars,
copper 20 millions, wood and manufactures 14 millions,
naval stores 6 millions, passenger and freight cars 6
millions, while smaller losses are shown by chemicals,
coal, hops, tobacco, &c. The articles recording in
creases are few in number and the amounts small.
In fact, the most important is a 5-million gain in cotton
manufactures; but even at that the total shipment#
were below the normal figure of earlier years. Fruits
and nuts, furs and skins, leather, oil cake, cotton
seed oil, autos and agricultural implements are among
the few commodities in which increases are recorded.
In the import list expansion to an important extent
has occurred in a number of articles, and it is especially
to be noted that the inflow of some of them has been
of record proportions. Sugar not only came in much
THE CHRONICLE
136
more freely than in 1907-08, but an increase over the
imports for 1906-07 is indicated, and the same is true
of coffee, cocoa and wool. Notable gains, moreover,
are to be found in the importations of materials for
manufacturers. Thus, in india rubber there is an in
crease of 22 millions of dollars, hides and skins 19
millions; raw silk 1 4 ^ millions; wool 17 millions;
copper 4 millions; and flax 1 million. Luxuries also
are among the commodities recording gains, as witness
the increase of 10 millions in the importations of dia
monds and other precious stones and 4 ^ millions in
furs. Some declines are, of course, to be noted, but
they are not numerous, and the most important com
prise 8 millions of dollars in cotton manufactures,
4 millions in fruits and nuts, 6 millions in iron and steel
manufactures and 3 millions in silk manufactures.
We append a series of tables which have furnished
the basis of the figures and remarks contained in the
above discussion. They will be found useful for refer
ence and as a matter of record.
VALUE OF IMPORTS AND EXPORTS OF MERCHANDISE FROM 1891 TO
1909, INCLUSIVE.
Merchandise.
Year ending
June 30.
Exports.
Imports.
$
$
835,747.785
884,341,884
1891
----------------------------1892 ................. . 1,029,893,483 817,496.397
847,278,725 854,405,176
1893 ...................
891,907,709 647,775,017
1894 - .
807.538,165 731,969,965
1895 ...................
Excess of Exports
or
Imports.
$
48,594,099
212,397,086
7,126,451
244,132,692
75,568,200
Exp.
E xp.
Im p.
Exp.
Exp.
...................
------ -----...................
------- -------....... ...........
882,606,938
1,050,993,556
1,231,482,330
1,227,023,302
1,394,483,082
779,724,674
764,730,412
616,049,654
697,148,489
849,941il84
$
1,720,089,669
1,847,389,880
1,701,683,901
1,539,682,726
1.539,508,130
573,565,626 8,348,354,306
114,713,12^ 1,669,670.861
Total 5 years. . . 4,460,959,966 3,887,394,340 E xp .
892,191,993 777,478,868 E xp .
1896
1897
1898
1899
1900
Total Imports
and
Exports.
102,882,264
286,263,144
615,432,676
529,874,813
544,541,898
Exp.
E xp .
E xp.
Exp.
E xp.
1.662,331,612
1,815,723,968
1,847,531,984
1,924,171,791
2,244,424,266
Total 5 years.. . 5,786.589,208 3,707,594,413 E xp. 2.078,994,795 9,494,183,621
Average...........- - 1,157,317,842 741,518,883 E xp. 415,798,959 1,898,836,724
1901
........ 1,487,764,991 823,172,165 E xp. 664,592,826 2,310,937,156
1902 ................... 1,381,719,401 903,320,948 E xp. 478,398,453 2',285,040,349
1903 ................. 1,420,141,679 1,025,719,237 E xp. 394,422,442 2,445,860,916
1904 ................... 1,460,827,271 991,087,371 E xp. 469,739,900 2,451,914,642
1905 ................... 1,518,561,666 1,117.513,071 Exp. 401,048.595 2,636,074,737
Total 5 years.. . 7,269,015,008 4.860.812.792 E xp . 2,408,202,216 12,129,827,800
Average.............. 1,453,803,002 972,162,558 E xp. 481,640,444 2,425,965,560
1906 ................... 1.743,864,500 1,226,562,446 E xp . 517,302,054 2,970,426,946
E xp.
446,429,653 3,315,272,503
1907 ..................- 1,880,851,078 1,434,421,425
1908 ................... 1,860,773,346 1.194.341.792 E xp . 666,431,554 3,055,115,438
19C9____________ 1,663,126,908 1,311,948,592 E xp. 351,178,316 2,975,075,600
jyoie .— rne loregoing ngurca mu cauuo. u
-------- —
mported, which wc Include In gold and sliver.
GOLD AND SILVER MOVEMENT.
SUver.
Year
ending
June 30,
Exports.
Imports.
Excess of
Exports ( + )
or Imports (— )
Exports.
$
S
$
1891 . . . 86,362,863 18,447,370 + 67,915,493 22,729
+ 259,573 33,182
1892 . . . 50,208.331 49,948,758
1893 . . . 108,697,451 22,069,380 + 86,628,071 41,107,
+ 4,005,567 80,667
1894 . . . 76,995,130 72,989,563
1895 . . . 66,468,481 36,384,760 + 30,083,721 24,295,
1896 . . . 112,409,947 33,525,065 +78,884,882 60,541,
1897 . . . 40,361,580 85,014,780 — 44,653,200 61,946,
1898 . . . 15,406,391 120,391,674 — 104,985,283 55,105,
1899 . . . 37,522,086 88,954,603 — 51.432,517 56,319,
+ 3,693,575 56,712,
1900 . . . 48,266,759 44,573,184
1901 . . . 53,185,177 66,051,187 — 12,866,010 64,285,
1902 . . . 48,568,950 52,021,254 — 3,452,304 49,732,
+2,108,568 44,250,
1903 . . . 47,090,595 44,982,027
1904 . . . 81,459,986 99,055,368 — 17,595,382 49,472,
1905 . . . 92,594,024 53,648,961 +38,945,063 48,848
1906 . . . 38,573,591 96,221,730 — 57,648,139 65,869
1907 . . . 51,399,176 114,510,249 — 63,111,073 56,739,
1908 . . . 72,432,924 148,337,321 — 75,904,397 57,921
1909 a .. 91,531,818 44,053,989 + 47.477,829 55,682,
Imports.
Excess
„ of
Exports.
$
*
,980,488 64,250,78
,611,847 3,570,37
,293,999 6,813,18
1,965,713 30,701,34
,211,179 27,084,10
,777,186 31,764,48
,533,227 31,413,41
,927,781 24,177,45
,675,056 25.643.09
,256,302 21,455,97
,386,521 27,898,55
,232,254 21,500,13
,*63,491 20.080,76
,768,814 21,703,88
,484,865 21,363,94
,442,540 21,426,52
,946,624 13,792.44
,658,097 13.263.10
,954,810 11,727,38
Note —Gold and silver in on-, exported or Imported, are Included in the above,
a Figures for 1909 arc not final, and are subject In all cases to slight corrections
•when later returns are received. 6 This Is an excess of Imports.
VALUE OF BREADSTUFFS EXPORTS.__________________
FlscalYear
ended
June 30.
1891
1892
1893
1894 ___
1895
1896
1897 ----1898
1899
1900
1901
1902 ___
1903 . . . .
1904 ___
1905
1906
1907 ___
1908
1909 o . . .
Wheat.
Flour.
.
S
,272 54,705
51,420
____________
,133 75,362
161,399
____________
,970 75,494
93.534
____________
59,407 ,041 69,271
43,805
,663 51,651
____________
39,709
____________
,868 52,025
59,920i,178 55,914
145,684
,659 60,263
-----------------104,269
,169 73,093
____________
73,237
,080 67.760
____________
,743 69,459
96,771
-----------------112,875>,222 65,661
87,795>,104 73,756
35,850 ,318 68,89 1
3,905 ,579 40,176
____________
57,517 59,106
28,757
-----------------60,214,,388 62,175
.767 01,170
99,736
____________
68,100 ,000 51,180
Total
Wheat
and Flour.
S
106,125
236,761,
169,029,
128,678,
95,457,
91,735,
115,834,
214,948,
177,363
140,997
166,231
178,537
161,551
104,745
44,081
87,864,
122,389,
163,907,
119,280,
Corn.
Total Wheal
Corn
and Flour.
S
$
,652,687 123,778
,590,460 278,351
,587,511 193,616,
,211,154 158,889,
,650,767 110,108,
,836,862 129,571,
,087,152 169,921,
,196,850 289,145,
,977,448 246,340,
,206,400 226,203,
,527,983 248,759,
,185,673 194,722
,540,637 202,092,
,071,334 134,816
,446,921 91,528,
,061,856 149,926,
,261,816 166,651,
,942,197 197,849,
,200,000 144,480,
Total all
Breadstuffs.
$
.121,1
.363,1
,312,e
,777,5
,604,7
,356,C
,857,5
,897,1
,999,£
,744 ,C
,594,C
,134,a
,242,5
,050,a
,732 ,S
,468,£
,120,7
,260,1
.000.c
a Figures for 1909 are not final, and are subject In all cases to slight corrections
when later returns are received.
[VO L. L X X X IX
BREADSTUFFS EXPORTS B Y QUANTITIES.
Avge.
per
bush.
Year
ended
June 30.
Wheat.
1891.........
1892.........
1893.........
1894 _____
1895.........
1896.........
1897 .........
1898.........
1899.........
1900.........
1901.........
1902_____
1903 .........
1904 ....... .
1905_____
1906_____
1907 .........
1908.........
1909 a------
55,131,948
157,280,351
117,121,109
88,415,230
76,102,704
60,650,080
79,562,020
148,231,261
139,432,815
101,950,389
132,060,667
154,856,102
114,181,420
44,230,169
4,394,402
34,973,291
76.509.423
100,371,057
67,090,000
Bushels.
$
0.933
1.026
0.799
0.672
0.576
0.655
0.753
0.983
0.748
0.718
0.733
0.729
0.769
0.811
0 .8 8 8
0.822
0.787
0.994
1.015
Avge.
per
bbl.
Flour.
Barrels.
11,344,304
15,196,769
16,620,339
16,859,533
15,268,892
14,620,864
14,569,545
15,349,943
18,485,690
18,699,194
18,650,979
17,759,203
19,716,484
,16,999,432
8,836,335
13,919,048
15,584,667
13,927,247
10,645,000
Total
Wheal
and Flour.
Corn.
Bushels.
Bushels.
$
4.822 106,181,316 30,768,213
4.959 225,665,810 75,451,849
4.542 191,912,634 46,037,274
4.109 164,283,119 65.324,841
3.383 144,714,146 27,691,137
3.558 126,443,968 99,992,835
3.849 145,088,972 176,916,365
4.512 217.306,004 208,744,939
3.954 222,618,420 174,089,094
3.624 186,090,564 209,348,284
3.724 215,990,073 177,817,965
3.697 234,772,515 26,636,552
3.748 202,906,273 74.833,237
4.053 120,727,613 55,858,965
4.547 44,162,409 88,807.223
4.246 97,609,007 117,718,657
3.990 146,640,424 83,300,708
4.608 163,043,668 52,445,800
4.866 114,992,500 35,950,000
Avge.
per
bush.
$
0.570
0.500
0.534
0.462
0.529
0.378
0.306
0.355
0.397
0.407
0.464
0.608
0.542
0.538
0.534
0.527
0.531
0.647
0.701
o Figures for 1909 are not final, and are subject In ail cases to slight corrections
when later returns are received.
EXPORTS
Fiscal
Year
ending
June 30.
1891 . . .
1892 . . .
1893 . . .
1894 . . .
1895 . . .
1896 . . .
1897 . . .
1898 . . .
1899 . . .
1900 . . .
1901 . . .
1902 . . .
1903 . . .
1904 . . .
1905 . .
1906 . . .
1907 . . .
1908 . . .
1909 a ..
OF LEADING STAPLES—COTTON, BREADSTUFFS,
PROVISIONS AND PETROLEUM.
Breadstuffs.
Cotton.
Provisions
and D airy Petroleum .
X
Products.
Total
Four
Staples.
Total
All
Exports.
$
$
$
$
$
%
128,121,656 290,712,898 139,017,471 52,026,734 609,878,759 884,341,884
299,363,117 258,461,241 140,362,159 44,805,992 742,992,509 1,029,893,483
200,312,654 188,771,445 138,401,591 42,142,058 569,627,748 847,278,725
166,777,229 210,869,289 145,270,643 41,499,806 564,416,964 891.907,709
114,604.780 204,900,990 133,634,379 46,660,082 499.800,231 807,538,165
141,356,993 190,056,4601 131,503,590 62,383,403 525,300,446 882,606,938
197,857.219 230,890,971 137,138,084 62,635,037 628,521,311 1,050,993,556
333,897,119 230,442,215 167,340,960 56,125,578 787,805,872 1,231,482,330
273,999,699 209,564,774 175,508,608 56,273,168 715,346,249 1,227,023,302
262,744,078 241,832,737 184,453,055 75,611,750 764,641,620 1,394,483,082
275,594,618 313,673,443 196,959,637 71,112,788 857,340,486 1,487,764,991
213,134,344 290,651,819 199,861,378 72,302,822 775,950,363 1,381,719,401
221.242,285 316,180,429 179,839,714 67,253,533 784,515,961 1,420.141,679
149,050,378 370,810,246 176,027,586 79,060,469 774,948,679 1,460,827,271
107,732,910 379,965,014 169,999,685 79,793,222 737,490,831 1,518,561,666
186,468,901 401.005,921 210,990,065 84,041,327 882,506,214 1,743,864,500
184,120,702 481,277,797 202,392.508 84,855,715 952,646,722 1,880,851,078
215,260,588 437,788,202 192,802,708 104,116,440 949,967,938 1,860,773,346
160,000,000 417,400,000 166,000,000 106,000,000 849,400,000 1,663,126,908
a Figures for 1909 are not final, and are subject In all cases to slight corrections
when later returns are received.
x Including both crude and refined, and also residuum.
COTTON AND PETROLEUM EXPORTS B Y QUANTITIES.
Cotton Exports.
Year ending June 30.
1891
........................
.- .....................
1892
1893
........................
1894
.. .....................
1895
.... ..................
1896
.................. .
1897.- ...........................................
1898
..................... ..
1899
........................
1900
........................
1901
........................
1902
..................... ..
1903
........................
1904
........................
1905
........................
1906
........................
1907
........................
1908
.......................
1909fl--................................
x Petroleum,
Gallons.
Bales.
5,820,779
5,891,411
4,431,220
5,397,509
0,965,358
4,659,765
6,176,365
7,581,004
7,373,382
6,090,144
6,508,450
6,873,692
6,938,279
0,009,194
8,337,904
7,050,856
8,708,469
7,434,580
8,574,000
2,907, 358,795
2,935, 219,811
2,212, 115,126
2,683, 282,325
3.517, 433,109
2,335, 226,385
3,103, 754,949
3,850,,264,295
3,773 ,410,293
3,100 ,583,188
3,330 ,890,448
3,500,,778,763
3,543 ,043,022
3,063, 912,760
4,304, 848,903
3,634, 045,170
4.518, 217,220
3,816,,998,693
4,446,,000,000
708 220,777
714 ,808,479
803 ,680,186
908 ,041,306
884 ,364,574
890 ,254,034
967 ,525,242
1,014 ,276,272
919 ,044,718
950 ,623,155
1,008 ,947,394
1,075 ,899,960
941 ,156,856
961 ,860,345
1,074 ,384,814
1,182 ,917,221
1,185 ,202,449
1,372 ,955,746
1,464 ,000,000
' a FlguresTor 1908 are not final, and are “subject In all cases to slight corrections
" W S S M P c n i d e ' a n d refined, but not residuum, the exports of tho latter
being very small.
RAILROAD GROSS AND NET EARNINGS
FOR M A Y .
The issuance to-day of our “ Railway Earnings
Section" in which we report the earnings and expenses
for the latest month of all railroad companies in the
United States which are obliged to file monthly
returns with the Inter-State Commerce. Commission
at Washington, enables us to furnish to-day very
complete and comprehensive summaries of the results
for the month of May. In the publication re
ferred to, we give the May figures for no less than
724 separate roads, or systems, being all the roads
which had filed their returns for that month up to
yesterday. These embrace an aggregate length of
line of 220,514 miles, which is about 95 per cent of
the entire railroad mileage of the country, this
latter somewhat exceeding 230,000 miles.
We need hardly say that our summaries show very
large and general gains, both in gross and in net.
This follows naturally and inevitably from the fact
that comparison is with very poor earnings last year
July 17 190‘j.j
and from the further fact that conditions now, as far
as business activity and prosperity are concerned,
though far from indicating complete return to that
state of growth and progress which marked the decade
preceding the panic of 1907, are yet vastly better
than they were in 1908. On the 220,514 miles of
road represented in our tables, the increase over 1908,
reaches no less than $26,226,645, or 15.37%, in gross
and $14,901,120, or 29.93%, in net. These are large
figures and they reflect noteworthy recovery from
the period of extreme depression reached twelve
months ago. To get at the true significance, however,
of this year’s improvement, we must not lose sight of
the extent and magnitude of the previous loss. May
1908 may be said to have been one of the very worst
months in the whole period of depression succeeding
the panic. Industrial paralysis at that time was
extreme; furthermore, political conditions arising out
of the contest for the Presidential succession served
to intensify the feeling of disquietude and alarm
which had so long prevailed. There were likewise
some special circumstances tending to augment the
falling off in traffic and earnings in that month.
There were excessive rains and overflows and floods
over wide areas in the Southwest and also in other
districts in the Western half of the country. Finally,
the month had one less working day than the corres
ponding month in 1907, owing to the fact that there
were five Sundays (which condition was repeated in
1909) as against only four Sundays the previous year.
Thus everything conspired to augment the falling
off in May last year and consequently our compilations
at that time showed a contraction in gross earnings in
the enormous sum of $38,537,942 and a shrinkage in
net of $12,845,751. This was the loss just as recorded
by our tables. It did not, however, indicate the full
extent of the shrinkage. Owing to the circumstance
that the roads were doing so poorly and comparisons
were so extremely bad at that time, some important
companies withheld their returns and consequently
our aggregate covered only 153,310 miles of line, or,
roughly, but two-thirds of the railroad mileage of the
country. A table we presented covering gross alone
showed a loss in gross of $45,034,243 for 185,897 miles
of road. Careful computation which we made later in
the year led us to the conclusion that the loss in gross in
May 1908, including all the roads in the country, must
have been, roughly, $55,000,000 and the loss in net
$18,000,000. Compared with this tremendous shrink
age of $55,000,000 in gross in the month last year,
the recovery of $26,226,645 in 1909 does not look so
very imposing.
In the net, the situation is much better, the loss
last year of $18,000,000 being followed by a gain of
$14,901,120 the present year. And it is undoubtedly
true that railroad managers have got better control
of their expense accounts, while it is also true that
they are being operated with greater efficiency and
economy than for many years past. At the same
time, it cannot be denied that, earnings being so much
less than before the panic, repairs and renewals have
been kept down to the lowest limits possible consistent
with safe operation.
M ay <724 Hoads)—
1909.
Miles of road ...................
220,514
Gross earnings......................*190,826,686
Operating expenses............... 132,135,766
1908.
217,933
*170,600,011
120,810,241
Net earnings................... *64,690,920
*49,789,800
137
THE CHRONICLE
— Increase or Decrease—
Amount.
%
Inc.
2,581 1.19
Inc. $26,226,645 15.37
Inc. 11,325,625 9.37
Inc. $14,901,120
29.93
Prior to 1908 the course of earnings was pretty
generally upwards, both in gross and net, though 1904
had furnished an exception to the rule. In the
following we show the May comparisons for each year
back to 1896. We give the figures just as registered
by our tables and it will be understood that the totals
fall considerably short of covering the entire railroad
mileage of the country in all the years. Prior to the
time when the Inter-State Commerce Commission
inaugurated the practice of requiring monthly returns
from the roads, it was not possible to get aggregates in
the complete form in which we are now able to present
them.
Gross Earnings.
Year.
M ay.
1896..
1897..
1898..
1899..
1900..
1901..
1902..
1903..
1904..
1905..
1906..
1907..
1908..
1909..
Year
Given.
Year
Preceding.
Increase or
Decrease.
$
50,138,045
57,420,309
67,659,828
72,431,077
81,058,532
97,147,152
95,800,907
103,882,990
108,565,260
121,005,979
115,304,506
144,267,760
133,680,555
196,826,686
$
50,129,856
55,568,916
59,034,144
67,675,074
72,885.306
85,860,170
90,091,128
90,800,791
111,028,554
109,872,115
105,787,062
121,074,984
172,218,497
170,600,041
*
+ 8,789
+ 1,851,393
+ 8,625,684
+ 4,756,603
+ 8,173,226
+ 11,286,982
+ 5,769,779
+ 13,082,199
— 2,463,288
+ 11,133,864
+ 9,517,444
+ 23,192,776
—38,537,942
+ 26,226,645
Net Earntitgs.
Year
Given.
$
13,861,785
16,795,849
20,820,846
23,287.947
24,808,411
31,083,786
29,779,428
33,980,575
31,807,806
36,265,119
34,414,213
43,765,836
38,076,927
64,690,920
Year
Preceding.
S
14,878,949
14,615,804
17,335,134
20,883,314
23,310,286
26,283,210
28,640,038
28,937,381
34,801,674
32,691,930
30,946,848
37,319,290
50,922,678
49,789,800
Increase or
Decrease.
$
— 1,017,164
+ 2,180,045
+ 3,485,712
+ 2,404,633
+ 1,498,125
+ 4,800,576
+ 1,139,390
+ 5,043,194
— 2,993,868
+ 3,573,183
+ 3,467,305
+ 0,440,546
— 12,845,751
+ 14,901,120
N ote .— Includes for May 118 roads In 1896; 128 In 1897; 127 In 1898; 123 In
1899; 128 In 1900; 116 In 1901: 109 In 1902; 101 In 1903; 103 in 1904; 100 In
1905; 90 In 1906: 92 In 1907; 101 In 1908; 724 In 1909. Neither the Mexican
roads nor the coal-mlnlng operations of the anthracite coal roads are included In
any of these totals.
In the case of the separate roads the showing is
much the same as for the general totals. The gains
are large and they are exceedingly numerous, but they
do not equal the preceding losses. There is one class
of road which must be mentioned as forming exceptions
to the rule of improvement. We refer to the anthra
cite coal carriers. These companies were mining and
carrying greatly increased amounts of anthracite in
the early months of the present year so as to be pre
pared for a strike of the miners. The strike, as will be
remembered, was averted, and now with large stocks
of coal on hand they are rigidly curtailing the output.
Below we show all changes for the separate roads,
whether increases or decreases, and in both gross arid
net, for amounts in excess of $100,000.
P R IN C IP A L C H AN G E S IN GROSS E A R N IN G S IN M A Y .
Increases.
In crea ses.
Pennsylvania ______
j/$2,054,834 Denver & Rio Grande____ $255,962
Atch Topeka & Santa I-'c. 1,33 1,860 Wabash____. _______
251,537
Duluth Missabe & N o r .._
934,358 Union R R „ P a __________
223,828
N Y Central & Hud River a915,537 Texas <5c P a cific..................
215,349
Baltimore & O h io____ ..
838.572 Atlantic Coast L in e..........
202,246
Chicago & North W est___
815,246 Seaboard Air L in e _____ 202,093
180,758
Southern Pacific_________
711,729 Wheeling & Lake Erie. . .
Rock Island ...........
685,547 Buffalo Roch & Pitts . .
180,191
176,759
Union Pacific______ ______
678,200 Phila llalto & Wash. ..
Great N orth ern ... . . . 631,391 Pere Marquette — ...........
173,520
172,943
N Y S I I & Hartford.
.629,203 Kansas City Southern____
165,442
Illinois Central___ _
606,171 Chicago Lake Shore & E ’n
145,123
Lake Shore & Mich Sou.577,913 Chicago & Eastern Illinois
Chesapeake & Ohio
_
576,010 International & Gt N o r ..
141,566
St Louis & San Francisco
572,701 El Paso & South W est___
135,578
Chicago Hurl & Quincy.
572,358 Nash Chatt & St Louis—
132,732
125,804
Duluth & Iron R a n g e..
563,545 Cleve Lorain & Wheeling.
120,980
Missouri Pacific___ _ —
560,932 St Louis Southwestern. .
Southern Railw ay_____ 532,148 Chicago & A lton__________
113,057
Norfolk & W estern...... .
513,471 Cine Ham & D ayton____
110,658
Erie ____________________
445,447 Chic St Paul M & O ____
110,315
Pitta & Lake Erie_______
442,877
Representing 53 roads
Chicago Milw & St Paul .
439,100
in our com pilation..*23,033,674
Ressemer & Lake Erie—
431,597
D ecreases.
Hoston & Maine_______ _
131,265
Louisville & Nashville.
388,221 Central of New Jersey----- $261,734
151,822
Clcve Cine Cldc & St Louis
368,082 Lehigh V a lley--------------136,301
Northern P a c ific ..______
348,876 Del Lack <5c Western_____
Michigan Central________
314,578
Representing 3 roads
305,167
Missouri Kan & Texas__
In our compilation___ $549,857
Delaware & Hudson_____
257,505
N o te .— All the figures In the above are on the basis of the returns filed
with the Inter-State Commerce Commission. Where, however, these
returns do not show the total for any system, we have combined the sepa
rate roads so as to make the results conform as nearly’ as possible to those
given In the statements furnished by’ the companies themselves.
a These llgurcs cover merely the operations of the New York Central
Itself. Including the various auxiliary and controlled roads, like the
Michigan Central, the Lake Shore, the " B ig Four,” the "N ick el Pla te,”
& c ., the whole going to form the New Y ork Central S ystem , the result Is
a gain of $2,983,668.
y These figures represent the lines directly operated east and west ol
Pittsburgh, Eastern lines showing $866,072 lnrcease and the Western
lnes $1,188,762; for all lines owned, leased, operated and controlled, the
result for the month is a gain of $2,328,470.
THE CHRONICLE
138
P R IN C IP A L C H AN G E S IN NET E A R N IN G S IN M A Y .
T r .r r n
s
Increa ses-
Pennsylvan ia___________ i/$ 1,074,982 Chicago Burl & Q u incy.. $190,006
165,138
913,652 Southern R ailw ay---------N Y N H & H artford____
Duluth Missabe & N o r .. .
788,705 Union H R., P a ___________
162,437
141,863
•Baltimore & Ohio_______
734,163 Chic Lake Shore & E’n . . .
135,652
N Y Cent & Hud R iv e r .. . a628,620 Florida East Coast______
128,724
Atch Topeka & Santa F e.
563,882 Wheeling & Lake Erie____
126,937
553,656 Pcre Marquette------------Rock Island----------------113,662
St Louis & San Francisco.
505,910 Atlantic Coast Line-------112,515
Great Northern------------481,837 Phlla Balto & W ash -----109,297
Duluth & Iron Range____
470,559 Chicago & Eastern 111___
Louisville & Nashville____
398,120 Texas & Pacific------------105,941
104,462
Lake Shore & Mich S ou ..
394,075 El Paso & Sou W estern..
104,404
372,808 Cleve Lorain & Wheeling.
Pitts & Lake Erie_______
Southern Pacific_________
336,934 Kansas City Southern____
103,877
Bessemer & Lake Erie----330,110 Hocking Valley------------101,733
Missouri Kansas & Texas.
331,766
Representing 42 roads
Chesapeake & Ohio-------309,799
in our compilation. .$13,419,601
Erie _____________________
305,644
Boston & Maine__________
304,344
248,275
Chic Mllw & St P a u l_____
D ecreases.
C (evc Cine Chic & St Louis
230,240 Missouri Pacific__________ $394,224
Buffalo ltoch & P itts____
219,690 Central of New Jersey____
279,749
Norfolk & W estern-------215,409 Northern Pacific__________
206,154
Delaware & Hudson-----212,076 Lehigh Valley---------------204,707
Seaboard Air Lin e_______
195,557
Representing 4 roads
S t Louts Southwest-------193,286
Illinois Central-------------192,788
In our compilation__ $ t,084,834
a These figures cover merely the operations of the New York Central
Itself. For the New York Central S ystem , the result is a gain of $1,900,765
y These figures represent the lines directly operated east and west of
Pittsburgh, the Eastern lines showing $581,129 increase and the Western
lines $493,853.
For all lines owned, leased, operated and controlled,
the result is a gain of $1,163,708.
[V O L. L X X X IX .
Groups V III. and I X . combined Include all of Kansas, Oklahoma, Arkansas and
Indian Territory; Missouri south of St. Louis and Kansas City; Colorado south
of Denver; the whole of Texas and the bulk of Louisiana; and that portion of New
Mexico north of a line running from the northwest corner of the State through
Santa Fe and east of a line running from Santa Fe to El Paso.
Group X . Includes all of Washington, Oregon, Idaho, California. Nevada, Utah
and Arizona, and the western part of New Mexico.
As stated by us in previous months, we have
changed our system of grouping the roads so as to
conform with the grouping or classification adopted
by the Inter-State Commerce Commission. The only
departure we make from the Commission’s arrange
ment is that we have combined Groups 4 and 5, so
as to bring all the Southern roads together under one
head; also Groups 8 and 9, so as to bring the South
western roads together, and have likewise combined
Groups 6 and 7, these latter comprising the systems
running west and northwest of Chicago, the mileage
of most of which spreads over the territory covered
by both groups. We do not include any of the
Canadian lines in our figures, except of course so
much of the same as lies within the United States
and for which returns are filed with the CommissionThe confines of the different groups are indicated in
the footnotes to the above table, but it is important
to note that where a road or system covers more than
one group, or overlaps into others, we have necessarily
been obliged to place it in some particular one of the
groups, as no way exists of dividing it up among the
two or more groups where it may be located. Our
plan in such cases has been to place the road or system
in the group where the bulk of the revenues is appar
ently obtained. In their annual statements to the
Inter-State Commerce Commission the companies are
required to show the amounts earned in each of the
groups, but of course no such division is attempted in
the case of the monthly returns.
It will be observed that in the gross the anthracite
•companies are the only ones recording losses in excess
of the figure taken, but that in the net the Missouri
Pacific and the Northern Pacific also are numbered
among those distinguished for considerable decreases.
The reason in these instances is found entirely in the
augmentation in expenses, both roads having con
siderable gains in tlm gross— the Missouri Pacific
$560,922 and the Northern Pacific $348,876. As indi
cating how present gains compare with last year’s
losses, we may point to the case of the Pennsylvania
R R . On the lines directly operated east and west
of Pittsburgh and Erie the Pennsylvania this year
records an increase of $2,054,834 in gross and of
$1,074,982 in the net. But last year the decrease on
the same lines reached the prodigious sum of $6,313,000
in gross and $1,265,900 in net. The New York
Central system, comprising the various auxiliary and
controlled roads in addition to the Central itself,
shows for the present year in May a gain of $2,983,668 ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— T h e p u b l i c s a le s o f b a n k s t o c k s t h i s w e e k a g g r e g a t e 7 1
in gross and a gain of $1,900,765 in net. The loss in
sh a r e s , o f w h ic h 6 0 s h a re s w e re s o ld a t th e S t o c k E x c h a n g e
gross last year was no less than $4,401,213, but in the
a n d 1.1 s h a r e s a t a u c t i o n .
T h e r e w e r e n o t r a n s a c t i o n s in t r u s t
net the falling off was only $1,028,773.
c o m p a n y sto ck s.
A lo t o f 5 s h a r e s o f s t o c k o f th e F ir s t N a
Classifying the roads now in groups according to their t i o n a l B a n k o f B r o o k l y n w a s s o l d a t 2 9 5 , a n a d v a n c e o f 4 4
location, as is our custom, we find that every group p o i n t s o v e r t h e p r i c e p a i d in J a n u a r y , w h e n t h e la s t p r e v i o u s
records a gain in gross and also every group a gain in s a l e w a s m a d e .
I.ow .
H igh . Close.
Last previous sale.
S hares. B A N K S — N ew York..
net. Of course the amounts and ratios of improve
159
159
159
April 1909— 158K
6 Citizens’ Cent. Nat. Bank. . .
July 1909— 358
ment vary considerably in the different groups. The *60 City Bank, N ational---------- 3 59 360 360
B A N K — B rooklyn .
295
295
result by groups is set out in the table which we now
Jan 1909— 251
5 First National Bank---------- 295
• Solti at the Stock Exchange.
present:
SUMMARY B Y GROUPS.
---------------- Gross Earnlngs-
Section or Group-
1909.
1908.
$
M ay —
$
Group 1 (26 roads), Now England---- 9,864,636
8,640,496
•Group 2 (136 roads), East & Middle.. 49,697,048 45,973,694
Group 3 (103 roads), Middle West---- 27,784,538 22,524.554
Groups 4 & 5 (150 roads), Southern— 23,803,459 20,368,596
Groups 6 & 7 (113 roads). Northwest . 41,889,228 35,280,578
Groups 8 * 9 (144 roads), Southwest . 31,477.445 20,206,952
Group 10 (52 roads). Pacific Coast---- 12,310,332
11,605.171
— I t w a s e r r o n e o u s l y r e p o r t e d in t h i s c o l u m n l a s t w e e k t h a t
Inc. ( + ) or
Dec. (— ).
S
+ 1,224,140
+ 3,723,354
+5,259,984
+ 3,434,863
+ 6,608,650
+5,270,493
+705,161
a N ew
%
14.17
8.09
23.35
16.86
18.73
20.11
6.05
Total (724 roads)..................... ...196,826,686 170.600,041 +26,226,645 15.37
----------------- Net Earnlngs---- -M lleage—
Inc. ( + ) or
1909.
1909.
1908.
1908.
Dec. (— ).
%
) No. 1 ..........
) No. 2______
> No. 3..........
>s Nos. 4 & 5._
» Nos. 6 * 7 . .
>3 Nos. 8 & 9..
) No. 10........
7,405
25,829
25,980
38,362
56,186
52,334
14,418
7,414
25,727
26,106
37.460
55,546
51,518
14,162
$
$
3,402.540 2.081,944
17.034,390 14 364,946
8,647,961 5 655,936
7,510,717 5 281,995
13,422,960 10,303,161
9,293,191 6 ,913,999
5,379,161 5 187,819
$
+ 1,320,596
+2,669,444
+2,992,025
+2,228,722
+3,119,799
+2,379.192
+ 191,342
63.43
18.59
52.82
42.21
30.28
34.37
35.87
■Total.....................220,514 217,933 64.690.920 49,789,800 +14,901,120 29.93
NOTE .— Group I . includes all of the New England States.
Group II. Includes all of New York and Pennsylvania except that portion west
pf Pittsburgh and Buffalo; also all of New Jersey, Delaware and Maryland, and
the extreme northern portion of West Virginia.
Group I I I. Includes all of Ohio and Indiana; all of Michigan except the northern
peninsula, and that portion of New York and Pennsylvania west of Buffalo and
Pittsburgh.
Groups I V . and V. combined Include the Southern States south of the Ohio and
east of the Mississippi River.
Groups V I. and V II. combined Include the northern peninsula of Michigan, all of
Minnesota, Wisconsin, Iowa and Illinois; all South Dakota and North Dakota, and
Missouri north of St. Louis and Kansas City; also all of Montana, Wyoming and
Nebraska, together with Colorado north of a lino parallel to the State line, passing
through Denver.
Y ork
S to ck
Exchange
fe r r e d f o r $ 8 2 , 0 0 0 .
m e m b e rsh ip h a d
been
tr a n s
T h e co rre ct a m o u n t w a s $ 8 5 ,0 0 0 , c o m
p a r in g w ith $ 8 7 ,0 0 0 ,
t h e la s t p r e v io u s s a le .
— P r o t e s t a g a i n s t t h e l e v y i n g o f a n a d d i t i o n a l t a x on , t h e
n e t i n c o m e o f b a n k i n g i n s t i t u t i o n s , a s p r o v i d e d in t h e ’ b ill
n o w in C o n g r e s s a n d a l r e a d y p a s s e d . b y t h e S e n a t e , h a s b e e n
re g is te r e d
by
th e
C h ic a g o
C le a r in g -H o u s e
r e s o l u t io n a d o p t e d o n t h e 1 3 t h i n s t .
A s s o c ia tio n
in
a
T h e A s s o c ia tio n b a se s
its o p p o s itio n to th e t a x o n th e g r o u n d t h a t th e n a tio n a l a n d
S t a t e b a n k s a r e n o w m o r e h i g h l y t a x e d t h a n o t h e r b u s in e s s e s
w i t h lik e a s s e t s , a n d it d e c la r e s t h a t t h e i m p o s i t i o n o f a n a d
d itio n a l b u r d e n o n t h e m w o u ld b e u n ju s t .
I t th e re fo r e a s k s
t h a t a n a m e n d m e n t b e in c o r p o r a t e d e x e m p t i n g fin a n c ia l i n
s titu tio n s fr o m
th e p r o p o s e d t a x .
In
fu ll t h e r e s o l u t i o n is
a s fo llo w s :
W hereas, There has passed the Senate of the United States an amend
ment to the bill known as “ II. It. 1438,” providing for a tax on the net In
come of banking and other corporations; and
W hereas, The avowed purpose of enacting this law was to enable the G ov
ernment to secure more complete supervision over the allairs of such cor
porations, to prevent the evasion of law and also to compel corporations
to pay a more equitable proportion of taxes than they now do, by reason
of many of them evading their obligations In this regard on account of lack
of proper Governmental Inspection and supervision; and,
W hereas, The reasons for the passage of this bill do not require its exten
sion to Include Incorporated banks, whether existing under the national
lawsu)r the laws of the several States, Inasmuch as the governments, State
and Federal, have now full and complete supervision of all banks through
their special officers appointed for the sole purpose of examining and report
ing on the condition and business of banks, both for the Government’s and
the public’s use and protection, the banks publishing four or five times yearly
sworn statements of their condition, and the national and State banks
are now more highly taxed than other businesses with like assets, and the Im
position of an additional burden on them would be unjust: therefore be It
R esolved, That our representatives, both In the Senate and the House of
Representatives, be urgently requested to procure an amendment to said
bill specifically exempting Incorporated banks organized under any na
tional or State law; and be It further
R esolved, That a copy of this resolution In full be sent to the Senators and
Members of the House of Representatives representing this district.
70%
S en ate.
d e p o sits h a s
been
in tro d u c e d
in
th e
G e o r g ia
T h e m e a s u r e , it is s t a t e d , p r o v i d e s f o r a n a s s e s s
m en t of
3^ o f 1 %
o n th e d e p o sits o f ea ch b a n k .
A n o th e r
b ill h a s b e e n i n t r o d u c e d in t h e S e n a t e p r o v i d i n g f o r a m e n d
m e n t s t o t h e b a n k i n g l a w s , u n d e r w h ic h t h e S t a t e B a n k E x
a m i n e r is g r a n t e d a d d i t i o n a l a u t h o r i t y , t h e f o r c e o f b a n k e x
a m i n e r s is i n c r e a s e d , t w o e x a m i n a t i o n s a y e a r a r e r e q u i r e d
to
be m ade, an d
o th e r r e g u la tio n s w ith
reg a rd
to
c a p it a l,
of
th e
bank
fa ilu r e s
is
th e
r e s u lt
of
d is h o n e s ty
or
f r a u d , m o s t o th e r fa ilu r e s b e in g a t t r ib u t e d b y h im t o ig n o r
a n ce o f sa n e a n d p ro p er b a n k in g m e th o d s .
th a t
e v e r y th in g
p o s s i b le
s h o u ld
be
W h ile h e ag reed
done
to
g u a ra n te e
de
p o s it s b y s u r r o u n d in g t h e m w ith e v e r y p r o te c tio n a v a ila b le ,
he
exp ressed
th e
c o n v ic tio n
th a t
c o m p le te
p ro te c tio n
can
o n l y b e h a d w h e n e v e r y b a n k o f f i c i a l is n o t o n l y h o n e s t b u t
a b s o lu t e ly s a n e a n d c o n s e r v a tiv e in t h e e x e c u t io n o f e v e r y
d e ta il.
L u c iu s T e t e r , P r e s id e n t o f t h e C h ic a g o S a v in g s B a n k
& T r u s t C o ., a n d F . I . K e n t o f th e B a n k e r s ’ T r u s t C o m p a n y
o f N e w Y o r k w e re a lso sp e a k e r s a t th e c o n v e n t io n .
— A b ill t h r o u g h w h ic h i t is i n t e n d e d t o c r e a t e a f u n d f o r
g u a r a n te e in g
139
THE CHRONICLE
July 17 1909.]
— T h e p r i n c ip a l f e a t u r e s o f t h e p r o g r a m a r r a n g e d f o r t h e
e n te r ta in m e n t
of
A ss o c ia tio n
th e
at
th e
m em bers
of
th e
A m e r ic a n
a n n u a l c o n v e n tio n
of
th e
B an k ers’
o r g a n iz a tio n ,
w h i c h o p e n s in C h ic a g o o n S e p t . 1 3 , h a v e b e e n a n n o u n c e d .
E v e r y e f f o r t is b e i n g d ir e c t e d t o w a r d m a k i n g t h e m e e t i n g a n
e n jo y a b le a n d p r o fita b le o n e fo r th e b a n k e r s o f t h e c o u n t r y .
O n t h e e v e n i n g o f t h e fir s t d a y o f t h e c o n v e n t i o n a d i n n e r is
t o b e t e n d e r e d t o t h e E x e c u t i v e C o u n c il o f t h e A s s o c i a t i o n ,
a t w h i c h w ill b e p r e s e n t o f f i c i a ls a n d l e a d i n g m e m b e r s o f t h e
lo a n s , & c ., a r e p r o p o s e d .
A s s o c i a t i o n a n d p r o m i n e n t f in a n c ie r s t h r o u g h o u t t h e c o u n
— T h e a n n u a l c o n v e n tio n o f th e N e w Y o r k S t a t e B a n k e r s ’
A s s o c i a t i o n , w h i c h c lo s e d y e s t e r d a y a t S a r a t o g a , w a s m a r k e d
b y t h e d e l i v e r y o f m e r it o r io u s a d d r e s s e s b y s p e a k e r s o c c u p y
in g p o s i t i o n s o f p r o m i n e n c e in fin a n c ia l c ir c le s .
I n a c r iti
c is m o f t h e p o s t a l s a v i n g s b a n k p l a n , L u c i u s T e t e r , P r e s i d e n t
o f t h e C h ic a g o S a v i n g s B a n k
& T r u s t C o m p a n y o f C h ic a g o ,
te r m e d th e p r o p o s itio n “ a n o th e r p a t c h o n th e c r a z y q u ilt o f
our
f in a n c ia l
l e g i s l a t i o n .”
He
d e c la r e d
th a t
i t is n o t
one
f o r t h e i m p r o v e m e n t o f o u r p r e s e n t b a n k i n g s y s t e m , t h a t it
d o e s n o t in a n y s e n s e c o n f o r m
t o o u r id e a s o f e v o l u t i o n a r y
p r o g r e s s , a n d t h a t i t is a p a t e r n a l i s t i c s u b s t i t u t e f o r a p o r t i o n
o f t h e b u s in e s s n o w
done b y
b an k s.
D u r i n g h is d is c o u r s e
M r . T e t e r m a d e t h e fo llo w in g c o m m e n t :
W illia m s , S ta te S u p e rin te n d e n t o f B a n k s ,
a n o th e r
s p e a k e r a t t h e m e e t i n g , t o o k o c c a s io n t o e x p o u n d h i s v i e w s
w ith r e g a r d t o t h e p a y m e n t o f e x c e s s iv e ly h ig h in te r e s t r a te s
o n d e p o sits.
F. O.
W a t t s , P r e sid e n t o f th e F ir s t N a tio n a l
G e o rg e M . R e y n o ld s , P re sid e n t o f th e C o n tin e n ta l N a
t i o n a l B a n k , is C h a i r m a n o f t h e c o m m i t t e e in c h a r g e o f t h e
a ffa ir .
On
T u esd ay
th e
1 4 th ,
th ere
w ill
be
p r o v id e d
en
t e r t a in m e n t a t t h e C o lis e u m , t h e e n tir e h o u s e b e in g e n g a g e d
fo r t h a t e v e n in g b y th e c o m m it t e e a r r a n g in g fo r th is fe a tu r e
o f t h e s o c ia l p r o g r a m , o f w h ic h
m an.
an
W e d n e s d a y ’s
in s p e c tio n
of
its
p la n s
D a v id
c o n sist
m odern
R . F o r g a n is C h a ir
of a
ste e l
b o a t rid e
p la n ts ,
and
a
to
G ary,
lu n c h e o n
u n d e r a m a s s iv e t e n t , w ith a s e a tin g c a p a c ity fo r 2 ,5 0 0 p e o
p le .
B.
C.
Sam m on s,
A s s is ta n t
C a s h ie r o f
th e
C orn
Ex
c h a n g e B a n k o f C h i c a g o , is C h a i r m a n o f t h e c o m m i t t e e t a k
in g
is
I think It must bo apparent to us that the Federal Government should
not undertake any business enterprise unless It Is clearly demonstrated
that such business cannot be operated completely and successfully under
private or corporate ownership, as It would seem from appearances that
the Government has quite enough to do In attending to those responsibili
ties which are clearly those devolving upon a general government for exe
cution. The friends of tho postal savings bank will doubtless admit that
this theory Is entirely correct. But they claim that savings bank facilities
are not adequate, and even claim that they never can be, and that It Is the
duty of the Government to see that people have a complete banking service.
My observation Is that those statements are based on alack of knowledge
concerning banking condltons, and Ignorance of the banking needs of the
country.
C la r k
try .
care
to
of
be
th is
th e
e n te r ta in m e n t.
grand
b a ll, to
be
on T h u r s d a y e v e n in g , S e p t. 1 6 .
The
event
g iv e n
of
th e
w eek
in t h e A u d i t o r i u m
T h is a ffa ir
is
e x p e c te d
to
b e o n e o f t h e m o s t b r i l l i a n t o f i t s k i n d e v e r h e ld in t h e c i t y .
John Jay A b b o tt,
S a v in g s B a n k
V ic e -P r e s id e n t o f th e
o f C h i c a g o , is C h a i r m a n
ra n g in g its d e ta ils .
a c c e p te d
an
A m e r ic a n T r u s t &
o f th e c o m m itte e a r
T h e e n t e r t a in m e n t c o m m it t e e h a s a lso
in v ita tio n
m ade b y
t h e le a d in g p a c k in g c o m
p a n i e s o f C h ic a g o t o i n s p e c t t h e p l a n t s a t
th e
sto c k
S p e c ia l t r a i n s w ill b e p r o v i d e d t o c o n v e y t h e g u e s t s
p l a n t s , a n d a lu n c h e o n w ill b e s e r v e d a t t h e y a r d s .
h a s b e e n s e t a sid e fo r th e t r ip .
C o m m itte e , h e a d e d b y
The
H o te l an d
ya rd s.
to
S e p t.
th e
16
R e c e p tio n
A u g u s t B l u m , V ic e -P r e s id e n t o f th e
F i r s t N a t i o n a l B a n k o f C h i c a g o , is d e v o t i n g i t s a t t e n t i o n t o
p r o v id in g s u ita b le a c c o m m o d a t io n s fo r m e m b e r s w h o e x p e c t
t o b e in a t t e n d a n c e a t t h e c o n v e n t i o n .
B a n k o f N a s h v ille , a n d W ill ia m M . K in g s le y , V ic e -P r e s id e n t
o f th e U n ite d S t a t e s T r u s t C o m p a n y o f N e w Y o r k , a ls o c o n
— T h e L o s A n g e le s C le a r in g -H o u s e A s s o c ia t io n , w h ic h p u t
tr ib u te d
to
P r e sid e n t o f
i n t o o p e r a t i o n o n S e p t . 1 1 9 0 8 a r e s o l u t i o n d e n y i n g c le a r i n g
th e N e w
Y o r k S t a t e N a t i o n a l B a n k o f A l b a n y , w a s e le c t e d
h o u s e p r i v i l e g e s t o b a n k s in t h e c i t y h a v i n g a p a i d - u p c a p i t a l
th e p ro g ra m .
P re sid e n t o f th e
m uch
L ed yard
A s s o c ia tio n ;
o p p o s itio n
w as
th e
C o g s w e ll,
c o n te s t w a s sp ir ite d
m a n ife s te d
a g a in s t
h is
and
c o m p e tito r ,
o f le s s t h a n
$ 2 0 0 ,0 0 0 ,
has a d o p te d
f e c t i v e o n t h e 1 s t i n s t . , w h ic h
a n o th e r r e s o lu tio n ,
e f
m o d if ie s t h e p r e v i o u s r u l in g
F r e d e r ic k E . L y f o r d o f W a v e r l y , o n t h e g r o u n d t h a t h e h a d
to so m e e x te n t.
p u b lic ly a d v o c a t e d th e p la n o f g u a r a n te e in g b a n k d e p o s its .
f r o m t h e r e q u i r e m e n t s o f t h e fir s t r e s o l u t i o n w e r e t h o s e d o i n g
— I n a d d r e s s i n g t h e M ic h ig a n B a n k e r s ’ A s s o c i a t i o n a t it s
a n n u a l c o n v e n t i o n h e ld a t P c t o s k e y o n t h e 7 t h , 8 t h a n d 9 t h
i n s t ., J a m e s B . F o r g a n , P r e s id e n t o f t h e F ir s t N a t io n a l B a n k
o f C h i c a g o , e x p r e s s e d h i m s e l f a s o p p o s e d t o le g i s l a t i o n c o n
fe r r in g a d d itio n a l p o w e r o n th e C o m p tr o lle r o f th e C u r r e n c y ,
w ho,
he
d e c la r e d ,
has
a lr e a d y
F o r g a n a r g u e d t h a t to p la c e o n
r e g u la t i o n
of bank
to o
m uch
h o ld
M r.
th e b o o k s s ta tu te s fo r th e
m a n a g e m e n t, a n d
le g a l e n a c t m e n t a n d
a u th o r ity .
to tr y
to m a n a g e b y
th e C o m p tr o lle r o f th e C u r r e n c y
r e s p o n s ib le f o r e n f o r c e m e n t , is i m p o s s i b l e a n d i m p r a c t i c a b l e .
T h e tr a n s a c tio n s o f a b a n k , h e c o n t e n d e d , c a n n o t b e r e g u
la te d b y la w .
N o t w o d e a ls a r e a l i k e .
T h e su c c e ss o r fa il
u r e o f a n y b a n k d o e s n o t r e st w ith th e C o m p tr o lle r o r e x
a m in e r .
d ir e c to r s .
The
r e s p o n s ib ility ,
h e h o ld s ,
m u s t re st w ith
th e
S e n a to r A ld r ic h , h e re m a r k e d , s tr u c k th e k e y n o te
w h e n h e s a i d y o u c a n n o t le g i s la t e h o n e s t y a n d g o o d j u d g m e n t
in to
th e
h e a r ts
of
m en .
T h e C o m p tr o lle r o f th e C u r r e n c y
c o u ld n o t , M r . F o r g a n a s s e r t e d , p a s s o n a ll c r e d its , a s h a s
b e e n s u g g e s t e d , a n d le g i s la t i o n s h o u l d h e s i t a t e b e f o r e g i v i n g
su ch e n o rm o u s p o w er to on e m a n .
A r e f e r e n c e t o t h e la w s w h i c h h a v e b e e n e n a c t e d in s e v e r a l
o f t h e S t a t e s f o r t h e g u a r a n t y o f d e p o s i t s w a s m a d e in t h e
a d d r e s s o f L e o n C h ic h e s t e r ( o f t h e F i r s t S t a t e B a n k o f P e t o s k e y ), P r e sid e n t o f th e A s s o c ia tio n , w h o p o in te d o u t t h a
T h e o n ly in s t it u t io n s w h ic h w e re e x c e p te d
a s a v in g s b a n k b u s in e s s e x c lu s iv e ly .
la t in g t h a t
all
N o w , in s te a d o f s t ip u
b a n k s in t h e c i t y ( e x c e p t s a v i n g s i n s t i t u t i o n s )
a r e r e q u ir e d t o h a v e a p a id -u p c a p it a l o f $ 2 0 0 ,0 0 0 t o e n jo y
c le a r i n g p r i v i l e g e s , t h e a s s o c i a t i o n n a m e s a c e r t a i n b o u n d a r y
in t h e c i t y w i t h i n w h i c h t h a t a m o u n t o f c a p i t a l is n e c e s s a r y
fo r
in s titu tio n s
c o rd in g to
d e s ir o u s
of
h a v in g
su ch
t h e L o s A n g e l e s “ F i n a n c i e r ,”
a ffilia tio n s .
Ac
t h e c h a n g e in t h e
C l e a r i n g - H o u s e r u le s d is p o s e s o f t h e c o n t e n t i o n o f t h o s e o p
p o s e d t o t h e p la n t o c o n s o l i d a t e t h e t o w n s o f S a n P e d r o a n d
W i l m i n g t o n w i t h t h e C i t y o f L o s A n g e l e s , t h a t t h e r e g u la
t i o n s h e r e t o f o r e in f o r c e w o u l d p r e v e n t t h e b a n k s in t h e t o w n s
re fe rre d t o fr o m fo r m in g c o n n e c tio n s
C l e a r in g H o u s e .
w ith th e L o s A n g e le s
T h e n e w r e s o l u t i o n , i t s t a t e s , w ill s e r v e t o
a d m it t h e b a n k s o f S a n P e d r o a n d W ilm in g t o n to s u c h p r iv i
le g e s in t h e e v e n t t h a t t h o s e m u n i c i p a l i t i e s a r e m a d e p a r t o i
L o s A n g e le s.
W e g iv e t h e la te s t r e s o lu tio n h e r e w ith :
R esolved, That on and alter July 1 1909 no member of the Los Angeles
Clearing-House Association shall clear for or accept an account from any
bank or trust company doing a banking business In that certain part of
the City of Los Angeles described as follows, to wit:
Bounded on the north by a line running from the eastern city boundary
of said City of Los Angeles, through the centre of Manltou Street In East
Los Angeles, and at all points parallel to the centre line thereof, westerly
to Its Intersection with the centre line of Vermont Avenue: bounded on the
east by the eastern boundary line of the City of Los Angeles, on the south by
a line running westerly from the eastern boundary of the City of Los Angeles
through the centre line of Fiftieth Street, and at all times parallel therewith
THE CHRONICLE
140
to Its Intersection with the centre line ot Vermont Avenue; bounded on the
west by the centre line ol Vermont Avenue, which has a paid-up and unim
paired capital of less than two hundred thousand ($ 2 0 0 ,0 0 0 ) dollars.
R esolved, Th at no bank In the City of Los Angeles, either a member of the
Clearing-House Association or clearing through the same, shall accept an
account from or clear checks for any bank doing business outside of the City
of Los Angeles, which shall receive an account of any bank within the above
bounded tract In the City of Los Angeles, which has a paid-up and unim
paired capital of less than two hundred thousand ($ 2 0 0 , 0 0 0 ) dlolars.
— U n d e r a la w
th e
m in im u m
fix e d
w h ic h b e c a m e o p e r a tiv e o n th e 1 s t i n s t .,
c a p it a l
a t $ 1 0 ,0 0 0 ,
of
S ta te
banks
in
th is a m o u n t a p p ly in g
p o p u la t io n o f 1 ,5 0 0 o r le s s .
S o u th
to
D a k o ta
F o r m u n i c i p a l i t i e s w i t h a la r g e r
P r e v io u s ly
a c a p i t a l a s lo w a s $ 5 , 0 0 0 h a d b e e n p e r m i t t e d .
tofore organized w h ic h
h a v e a c a p i t a l o f le s s t h a n $ 1 0 , 0 0 0 a r e
r e q u i r e d u n d e r t h e n e w la w
le s s t h a n $ 1 0 , 0 0 0
here
Banks
t o in c r e a s e t h e a m o u n t to n o t
w h e n th e d e p o s its a v e r a g e te n tim e s th e
c a p it a l a n d s u r p lu s f o r a p e r io d o f s ix m o n t h s .
i n g i n c r e a s e s in c a p i t a l a r e c a ll e d f o r b y
C orresp on d
e x i s t i n g b a n k s in
m u n i c i p a l i t i e s w h e r e a g r e a t e r c a p i t a l is n o w
p r o s p e c tiv e in s titu t io n s .
to
n ecessary fo r
H e r e a f t e r no. b a n k w ill b e a l l o w e d
t o r e c e i v e d e p o s i t s i n e x c e s s o f f if t e e n t i m e s i t s c a p i t a l a n d
s u r p lu s .
reso u rces
o f $ 1 4 ,8 3 0 ,9 0 9 .
— I n j'u s t a y e a r ’s
tim e
a r n e a u lt
as
S t a t e S u p e r i n t e n d e n t o f B a n k s , u n d e r t h e la w
c r e a t i n g t h e o f f i c e , w h ic h g o e s i n t o e f f e c t o n A u g .
new
S u p e r i n t e n d e n t is C a s h ie r o f t h e
B a n k o f A itk in ,
e x p e rie n c e .
A itk in
1.
The
have
in c r e a s e d
W illia m
N ew
over
45% ,
I . T a b e r is a t
Y ork
la w
p r o v id in g
fo r
h is
h a n d s o m e b u ild in g , d e p o sits
b e in g
now
n e a r ly
$ 3 ,0 0 0 ,0 0 0 .
th e h e a d o f th is p ro g re ssiv e C en tra l
in s titu t io n ,
H.
I . Joh n son an d
W . T.
D unm ore
a r e V ic e -P r e s id e n t s a n d F . H . D o o little S e c r e ta r y .
— A n n o u n c e m e n t o f th e c o n s o lid a tio n o f th e M e tr o p o lita n
B a n k w ith th e A tla n tic N a tio n a l B a n k o f B o s to n w a s m a d e
on
T h u rsd ay.
The
M e tr o p o lita n
w ill
liq u id a t e ,
t r a n s f e r r e d i t s b u s in e s s t o t h e A t l a n t i c .
h a v in g
T h e M e tr o p o lita n
h a s a c a p it a l o f $ 5 0 0 ,0 0 0 a n d d e p o s its o f a b o u t $ 1 ,6 0 0 ,0 0 0 .
T h e A t l a n t i c , o n e o f t h e o l d e s t b a n k s in t h e c i t y , i t s o r g a n i
z a tio n
d a tin g
fro m
1828,
has
a
c a p ita l
d e p o sits o f , r o u g h ly , $ 3 ,7 0 0 ,0 0 0 .
of
$ 7 5 0 ,0 0 0 ,
and
I n c r e a s e E . N o y e s , P r e s i
d e n t o f t h e M e t r o p o l i t a n , w ill b e i d e n t i f i e d w i t h t h e m a n a g e
m ent
of
th e
ab sorbed
tin u in g
A tla n tic ,
bank,
in s titu t io n .
The
w ill f o r m a l l y r a t i f y
of B o sto n
um ns
r a tifie d
June
19,
and
A.
W .
w ill s e r v e a s a
H a in e s ,
s to c k h o ld e r s
th e m erger on
of
th e
C a s h ie r
V ic e -P r e s id e n t
of
th e
S e p t.
N ew
of
o f th e
th e
con
M e tr o p o lita n
8.
E n g la n d
N a tio n a l
Bank
t h e p r o p o s i t i o n , r e f e r r e d t o in t h e s e c o l
to
red u ce
th e
c a p ita l
fro m
$ 1 ,0 0 0 ,0 0 0
to
$ 2 0 0 ,0 0 0 .
C o u n ty S ta te
M i n n ., a n d h a s h a d fo u r t e e n y e a r s ’ b a n k in g
The
d e p o sits a m o u n t
s in c e t h e r e m o v a l o f t h e C i t i z e n s ’
T r u s t C o . o f U t ic a to its o w n
— T h e s to c k h o ld e r s
— G o v . J o h n s o n o f M in n e s o ta h a s a p p o in te d J o h n B . G a l-
The
$ 1 3 ,0 1 2 ,7 4 3 .
is
to w n s h a v in g a
p o p u l a t i o n , t h e c a p i t a l is r e g u l a t e d a c c o r d i n g l y .
a g g re g a te
[VOL. LXXXIX
a p p o in tm e n t
a lso
p r o v id e s fo r th e b e t t e r r e g u la tio n o f th e b a n k s o f th e S t a t e .
I n s t e a d o f o n ly o n e e x a m in a tio n a y e a r , tw o e x a m in a tio n s
— J o h n H . B r o c k ie , w h o w a s m a d e A s s is t a n t S e c re ta r y a n d
A s s is t a n t T r e a s u r e r o f th e C o m m e r c ia l T r u s t C o . o f P h ila
d e lp h i a in F e b r u a r y , d ie d o n M o n d a y a t h i s b r o t h e r ’ s h o m e
o n L o n g Is la n d .
a r e h e r e a f t e r t o b e m a d e , a n d in p l a c e o f o n l y f o u r e x a m i n e r s ,
— R o b e r t A . O rr, o f th e P it ts b u r g h b o n d h o u se o f R o b in
t h e s t a f f is t o b e in c r e a s e d t o a t l e a s t e i g h t , t h e S t a t e b e i n g
s o n & O r r , h a s b e e n e le c te d P r e s id e n t o f th e P it ts b u r g h S to c k
d iv id e d
E x c h a n g e t o s u c c e e d t h e la t e J o h n W
under
th e
new
la w
in to
e ig h t
b a n k in g
d is t r ic ts ,
e a c h in c h a r g e o f a b a n k e x a m i n e r , a n d , w h e r e n e e d e d , a n
— T h rou gh
— J a m e s N . W a lla c e , P r e sid e n t o f th e C e n tra l T r u s t C o m
p a n y o f th is c it y , h a s b e e n e le c te d to th e b o a r d o f th e M e r
T h e c o m p a n y w ill in c r e a s e i t s c a p i t a l
th e
M yron
— T h e C o a l & I r o n N a t i o n a l B a n k o f t h i s c i t y h a s in c r e a s e d
$ 5 0 0 , 0 0 0 t o $ 1 , 0 0 0 , 0 0 0 , a n d h a s d e c la r e d a
c a sh d iv id e n d o f 1 0 0 %
to w a rd
o u t o f t h e s u r p lu s
th e n ew
sto c k .
A fte r
to a p p ly a s p a y
t h u s p r o v i d i n g f o r it s
e n la r g e d c a p i t a l , t h e b a n k w i l l s t i l l h a v e a s u r p lu s o f $ 2 0 0 , 0 0 0
and
u n d iv id e d
p r o fits
of about
$ 1 0 0 ,0 0 0 .
b e g a n b u s in e s s o n A p r il 11 1 9 0 4 .
a
10%
b a s is la s t y e a r ,
J une 1 9 0 8 fr o m 1 ^ %
ta l th e b a n k
th e
ra te
h a v in g
been
]4%-
q u a r te r ly to 2
w ill p a y 5 % ,
The
in s titu tio n
T h e s t o c k w a s p la c e d o n
in c r e a s e d
in
O n th e n e w c a p i
w h i c h is e q u i v a l e n t t o t h e r a t e
h e r e to fo r e p a i d .
Com pany
of
th is
c ity ,
d ie d
on
th e
D ic k s o n w a s t h ir ty -e ig h t y e a rs o f a g e .
1 4 th
in s t.
M r.
H e w a s b o r n in E n g
la n d b u t h a d c o m e h e re w h e n q u ite y o u n g .
H e w a s fo r m e r ly
in t h e e m p l o y o f t h e F o u r t h N a t i o n a l B a n k , a n d w a s a t o n e
new
T.
sto c k
H e r r ic k ,
to
be
so ld
tim e T re a su r e r o f D .
P r e sid e n t
of
w a iv e d
J o u r n a l”
re p o rts,
to
new
o f w h ic h
A p p le to n
&
Co.
L a te r he b e ca m e a
he
w as
m ade
an
A s s is ta n t
S ecre ta ry
la s t J a n u a r y .
n o tic e
o f th e G u a r d ia n T r u s t C o . o f th is c it y , s u c c e e d in g A . E . G .
re sig n e d .
d ir e c t o r s
P re sid e n t;
J.
P r e sid e n ts; R . B .
T reasu rer;
A s s is ta n t
th e
R oss
C a rn e g ie
T ru st
C u rran
and
Co.
of
th is
c ity
C h a r le s C . D i c k i n
R.
L.
S m ith ,
V ic e
M o o r h e a d , S e c re ta r y ; S ta n to n C . D ic k in
J.
J.
D ic k in s o n
T ru st
S e c re ta ry ; L .
C.
O ffic e r .
S m ith ,
M r.
c u sto m a ry
p e r io d fo llo w in g
a ls o , th e “ S ta te
a
m e e tin g ,
of
s p e c ia l
th e
a c tio n
M e s s r s . H e r r ic k a n d
O h io .
T h e p a y m e n t is t h e f if t h a n d b r i n g s t h e t o t a l d is t r i
up
to
50% .
The
fa ilu r e
of
O ffic e r ;
B a ll,
C o . o f C le v e la n d , h a s a p p lie d
a
th a t th e
w ill m a k e a t o t a l o f 5 0 %
T ru st
w h ic h
O ffic e r .
w as
to
C a p ita l
E m ory
N a tio n a l
S m ith ,
Bank
of
— F u rth e r
p a r t i c u la r s
r e g a r d in g
in t o b e t w e e n
S a v in g s
The
A m e r ic a n
p u b lic .
annual
been
m e e tin g
h e ld
in
of
June,
th e
has
p r o fits
of
$ 3 0 1 ,8 0 3
and
th e
P r e s i
new
T ru st
&
c a p it a l
to
be
o f C h ic a g o u n d e r
th a t in s titu tio n a n d
Bank,
have
been
m ade
o f t h e C o n t i n e n t a l is t o b e in c r e a s e d f r o m $ 4 , 0 0 0 , 0 0 0 t o $ 9 , -
o ffe re d
to
o f th e a d d itio n a l s t o c k
b e in g a llo tte d
T h e p r i c e a t w h ic h t h i s s t o c k is
t h e s h a r e h o ld e r s is $ 1 7 5
per
sh a re.
The
o th e r
$ 3 , 0 0 0 , 0 0 0 , a s h e r e t o f o r e s t a t e d , is t o b e e x c h a n g e d f o r t h e
a r e a s fo llo w s :
o n i t s c a p it a l o f $ 5 0 0 ,
T h e Ju n e 3 0 190 9 sta te m e n t o f th e c o m p a n y sh ow s a
w it h
has b ecom e
A s a n n o u n c e d in t h e s e c o l u m n s J u n e 2 6 , t h e c a p it a l
t h e r e g u la r q u a r t e r l y d iv i d e n d o f 5 %
u n d iv id e d
th e
th e
M r . C h a n d le r
d is tr ib u tio n
co n n e c te d
is s u e d b y t h e C o n t i n e n t a l N a t i o n a l B a n k
th e a r r a n g e m e n t e n te r e d
fo r m e r ly
C o u r t fo r p er
d e n t o f t h e M e r c a n t i le T r u s t & S a v i n g s C o . o f E v a n s v i l l e , I n d .
$ 3 ,0 0 0 ,0 0 0
$ 1 ,0 0 0 ,0 0 0 ,
p r e v io u s ly
I n d ia n a p o lis ,
A s s is ta n t
w as
th e
t u t io n in M a y 1 9 0 8 .
T reasu rer
R am age, T ru st
on
s im il a r a m o u n t w a s
c o n te m p la te d
A s s is ta n t
B.
occu rred
p a i d s in c e t h e c lo s i n g o f t h e i n s t i
C h a n d le r ,
V ic e -P r e s id e n t,
have
to
A
B.
R.
fir m
— E d w a r d W ie b e n s o n , a s s ig n e e fo r th e A m e r ic a n S a v in g s
J r .,
A.
A u d ito r , a n d
now
th e
O c t. 31 1 9 0 7 .
The
of
th u s
b u tio n
b e e n a d j o u r n e d u n t il n e x t m o n t h .
s u r p lu s
board,
— A 1 0 % d i v i d e n d w a s r e c e n t l y d i s t r i b u t e d t o t h e c r e d it o r s
EE— T h e H u d s o n T r u s t C o . o f H o b o k e n , N . J . , h a s d e c la r e d
000.
th e
o f t h e f a i l e d b r o k e r a g e h o u s e o f S e s s io n s & C o . o f C o l u m b u s ,
to it s p r e s e n t s h a r e h o ld e r s .
as
by
I t is a l s o s t a t e d t h a t t h e
w ill s e r v e t o e n la r g e t h e s u r p lu s f u n d .
0 0 0 ,0 0 0 — $ 2 ,0 0 0 ,0 0 0
served
h a v in g
N u t t h a v e b e e n a d d e d to th e b o a r d o f d ir e c to r s , th e m e m
S . C . D ic k in s o n w a s A s s is t a n t T r e a s u r e r a n d
had
by
S a v in g s
s t o c k ( p a r $ 1 0 0 p e r s h a r e ) w ill b e s o l d a t a p r e m i u m , w h ic h
S e c r e ta r y ; M r . M o o rh e a d w a s p r e v io u s ly A s s is t a n t S e c r e ta r y ,
s to c k h o ld e r s ,
headed
fo r
T h e s to c k h o ld e r s h a v e
o b v i a t i n g a n y d e l a y in t h e m a t t e r .
— C h a r le s
of
e l e c t e d t h e f o l l o w i n g o f f ic e r s t h i s w e e k :
and
S o c ie ty
r a t if ie d t h e p r o p o s i t i o n w i t h o u t w a i t i n g f o r t h e la p s e o f t h e
p a id la s t D e c e m b e r , so
— R o b e r t C . L e w is h a s r e c e n tly b e e n e le c te d V ic e -P r e s id e n t
son ,
s y n d ic a te
th e
is s u e , a n d
m is s io n to p a y a d iv id e n d o f 2 5 % .
son ,
a
& T r u s t C o . o f C le v e la n d .
t h e ir r i g h t s t o t h e
T ru st
— The
th e
o f C le v e la n d , a n d J o s e p h R . N u t t , S e c r e t a r y o f th e C itiz e n s ’
S a v in g s
Bank
G o o d r id g e ,
w h ic h
fr o m $ 5 0 0 ,0 0 0 to $ 7 0 0 ,
to
b a n k e x a m i n e r , a n d in 1 9 0 7 e n t e r e d t h e s e r v i c e o f t h e F i d e l i t y
C o .,
c a p ita l
b e r s h i p o f w h ic h is o t h e r w i s e u n c h a n g e d .
— R o b e r t D ic k s o n , a n A s s is t a n t S e c r e ta r y o f th e F id e lity
T ru st
. C r a w fo r d .
of a d d itio n a l
i m p o r t a n t n e w c o n n e c t i o n s w ill b e f o r m e d b y t h e i n s t i t u t i o n .
000,
c h a n t s ’ N a t io n a l B a n k o f th is c it y .
m ent
is s u a n c e
O h i o T r u s t C o . o f C o l u m b u s , O h i o , h a s d e c id e d t o p u t o u t ,
a s s is ta n t e x a m in e r .
it s c a p it a l f r o m
th e
c a p it a l o f t h e A m e r i c a n T r u s t
d e ta ils , a s s e t o u t
in
th e
c ir c u la r
to
& S a v in g s B a n k .
th e s to c k h o ld e r s ,
The capital stock of the Continental National Bank will be Increased
from $4,000,000 to $9,000,000, and of the $5,000,000 Increase $2,000,000
will be allotted pro rata at $175 cash per share to the stockholders of record
July 17 1909.)
THE CHRONICLE
of the Continental National Bank on Aug. 1 1009. The other $3,000,000
of the Increase will he Issued for cash at par to a committee, which cash will
be provided by a dividend to be paid out of the surplus and undivided
proflts of the respective banks. That committee will exchange said $3,000,
000 Continental National Bank stock, share for share, with the owners of
the $3,000,000 capital stock of the American Trust & Savings Bank, so
that the present owners of the American Trust & Savings Bank stock will
become the owners of an equal amount of shares of stock of the Continental
National Bank. When the above exchange has been effected, all the owners
of the $0 ,0 0 0 , 0 0 0 capital stock of the Continental National Bank will own
a pro rata Interest In the present $3,000,000 capital stock of the American
Trust & Savings Bank, which latter stock will be trusteed for the stock
holders of the Continental National Bank, with power In the trustees to
dispose of sufficient of said stock so that the directors of the American
Trust & Savings Bank will always be legally qualilled to act.
In other words, every owner of stock of the American Trust & Savings
Bank will become the owner of an equal number of shares of the Continental
National Bank stock, and, In addition thereto, will own, for every one
share of stock of the Continental National Bank, substantially an undivided
one-third Interest In one share of the American Trust & Savings Bank
stock; and every owner of stock of the Continental National Bank will
remain the owner of an equal number of shares of the stock of that bank,
plus his proportion of the said $2 ,0 0 0 , 0 0 0 allotment of new stock, and, In
addition thereto, will own, for every one share of stock of the Continental
National Bank, substantially an undivided onc-thlrd Interest In one share
of the American Trust & Savings Bank stock. When the arrangement Is
effected both banks will have a combined capital stock of $ 1 2 ,0 0 0 ,0 0 0 ,
$0,000,000 of which will be capital stock of the Continental National Bank
and the remaining $3,000,000 will be capital stock of the American Trust
& Savings Bank, and the Continental National Bank will have approxi
mately $5,000,000 surplus, making a total of $17,000,000 capital and
urplus
— The
m e r g e r o f th e C o m m e r c ia l
N a tio n a l a n d
B an k ers’
N a t i o n a l b a n k s o f C h ic a g o is t o b e c o n s u m m a t e d v e r y n e a r l y
u p o n t h e b a s is o u t l i n e d in o u r is s u e o f t h e 3 d i n s t .
m erg er p la n s .
T h e y a l s o c a ll e d s p e c ia l m e e t i n g s o f t h e s t o c k
h o ld e r s , t o b e h e ld o n A u g . 2 0 , t o r a t i f y t h e p r o c e e d i n g s .
The
0 0 0 ,0 0 0 o n J a n . 1 1 9 1 0 .
h o ld e r s o f t h e b a n k
to $ 2 ,5 0 0 ,0 0 0 , th e sto c k
m a in t a in in g th e s a m e p ro p o r
t i o n a t e i n t e r e s t t h e y n o w h o l d in t h e t r u s t c o m p a n y .
it
is
u n d e r sto o d ,
sh are.
to
I t is s a i d t o
The
th e
p resen t
s h a r e h o ld e r s
at
$200
per
b e th e p u r p o se o f th e F ir s t T r u s t to in
c re a se its c a p it a l th r o u g h th e tr a n s fe r o f $ 5 0 0 ,0 0 0 fr o m
th e
s u r p lu s .
— A n in itia l d iv id e n d o f 1 %
w a s p a id t o t h e s to c k h o ld e r s
o f th e N a t i o n a l P r o d u c e B a n k o f C h ic a g o o n J u n e 3 0 .
in s t it u t io n b e g a n b u s in e s s o n A u g . 2 6 1 9 0 7 .
The
I t h a s a c a p ita l
o f $ 2 5 0 ,0 0 0 a n d d e p o sits o f a b o u t $ 1 ,5 0 0 ,0 0 0 .
— The
S h e rid a n
&
T ru st
S a v in g s
C h ic a g o s u b u r b s a t E v a n s t o n a n d
f o r b u s in e s s
on
M onday.
Bank,
lo c a te d
in
W ils o n a v e n u e s ,
A s n o te d
on June
12,
th e
opened
th e b a n k
h a s b e e n fo r m e d w ith $ 2 0 0 ,0 0 0 c a p it a l a n d $ 2 0 ,0 0 0 s u r p lu s .
W . J . K lin g e n b e r g , fo r e ig h te e n y e a r s w ith th e F ir s t N a t io n a l
B a n k o f C h i c a g o , is P r e s i d e n t o f t h e n e w i n s t i t u t i o n .
W . G.
A r n o l d is V i c e - P r e s i d e n t a n d E . J . A . G o l d is C a s h ie r .
— T h e S w e d i s h - A m e r i c a n N a t i o n a l B a n k o f R o c k f o r d , 111.,
is b e i n g o r g a n i z e d
w ith
a c a p ita l o f $ 1 2 5 ,0 0 0 .
T h e a p p li
c a tio n o f th e o r g a n iz e r s w a s a p p r o v e d o n th e 7 t h in s t .
— C h arges
of
a l le g e d
m is m a n a g e m e n t
have
been
m ade
a g a i n s t t h e o f f i c i a ls o f t h e F i r s t N a t i o n a l B a n k o f I r o n w o o d ,
M i c h ., w h ic h c lo s e d i t s d o o r s o n J u n e 2 1 .
A c c o r d in g to th e
“ G r a n d R a p id s P o s t ,” I I . F . J a h n , P r e sid e n t; E . T . L a r s o n ,
C a s h ie r ,
and
arre ste d
on
i t o f t h e a s s e t s a n d b u s in e s s o f t h e B a n k e r s ’ N a t i o n a l .
$ 2 ,0 0 0 ,0 0 0
th e re b y
n e w s t o c k w h ic h t h e F i r s t N a t i o n a l w ill is s u e w ill b e o f f e r e d ,
in s ti
th e c o n tin u in g
$ 8 ,0 0 0 ,0 0 0 to $ 1 0 ,
W i t h th e d e v e lo p m e n t o f th is p la n
it is s t a t e d t h a t t h e c a p i t a l o f t h e F i r s t T r u s t & S a v i n g s B a n k
w ill b e in c r e a s e d f r o m
th e a r r a n g e m e n ts p r o v id in g fo r th e ta k in g o v e r b y
C o m m e r c i a l N a t i o n a l is t o b e
tu tio n ,
— I t is r u m o r e d t h a t t h e F i r s t N a t i o n a l B a n k o f C h ic a g o
c o n t e m p l a t e s in c r e a s in g i t s c a p i t a l f r o m
T h e d i
re c to r s o f th e tw o b a n k s m e t o n T u e s d a y a n d a p p r o v e d th e
141
The
in
G eorg e
H .
B eddow ,
A s s is ta n t
gen eral ch a rg e s o f fra u d
a d d itio n
C a s h ie r
L arson
is
and
sa id
to
C a s h ie r ,
w ere
c o n sp ir a c y ,
be
and
under
charges
I t is s t a t e d
th a t h e
b o a r d o f d ir e c t o r s o f t h e C o m m e r c i a l is t o b e in c r e a s e d f r o m
a lle g in g fo r g e r y , la r c e n y a n d p e r ju r y .
14
is a c c u s e d s p e c i f i c a l l y o f h a v i n g m i s a p p l i e d $ 2 0 0 , 0 0 0 o f t h e
to
25
m em b ers.
m em bers
of
th e
T h is
p resen t
w ill a c c o m m o d a t e
board
of
th e
11
of
B an k ers’
th e
12
N a tio n a l,
b a n k ’s f u n d s in t h e p a s t t w o y e a r s a n d
w ith h a v in g m a d e
th o u g h s o m e m e m b e r s o f th e C o m m e r c ia l b o a r d m a y re tir e .
f a ls e e n t r i e s .
G eorge
d e n t J a h n w a s r e le a s e d u n d e r b o n d s o f $ 2 5 , 0 0 0 a n d A s s i s t a n t
E.
R o b e rts
w ill
c o n tin u e
in
th e
p re sid e n c y
of
th e
H e w a s r e le a s e d u n d e r $ 5 0 , 0 0 0
b a il.
P r e s i
C o m m e r c i a l ; E d w a r d S . L a c e y w ill b e C h a i r m a n o f t h e b o a r d
C a s h ie r B e d d o w u n d e r $ 1 0 , 0 0 0 .
and
t o t h e F e d e r a l G r a n d J u r y w h ic h m e e t s S e p t . 7 a t M a r q u e t t e .
w ill
ta k e a n
a c tiv e
p a r t in
th e c o n d u c t
o f th e
bank.
E a c h , a c c o r d i n g t o a r e p o r t , is t o h a v e a s a l a r y o f § 2 5 , 0 0 0
The
a year.
sta te d ,
T h e p l a c e o f b u s i n e s s o f t h e e n la r g e d C o m m e r c i a l
bank
had
a
a g g re g a te
c a p it a l
about
of
A ll h a v e b e e n b o u n d o v e r
$ 5 0 ,0 0 0 .
$ 6 0 0 ,0 0 0 ,
The
and
d e p o s its ,
th e
r e c e iv e r
it
is
is
re
N a t i o n a l w ill b e t h e m a g n i f i c e n t n e w b u i l d i n g o f t h a t n a m e
p o r te d to h a v e o n h a n d q u ic k a s s e ts o f o n ly a b o u t $ 1 0 0 ,0 0 0 .
on
T h e c i t y is s t a t e d t o h a v e h a d f u n d s o n d e p o s i t in t h e n e i g h
t h e c o r n e r o f C la r k a n d
A d a m s stre e ts.
T h e C o m m e r c ia l N a t io n a l h a s a c a p it a l o f $ 3 ,0 0 0 ,0 0 0 a n d
h a d s u r p lu s a n d p r o fi t s J u n e 2 3 1 9 0 9 o f $ 4 , 3 4 4 , 0 4 0 .
T h e c a p i
t a l o f t h e B a n k e r s ’ N a t i o n a l is $ 2 , 0 0 0 , 0 0 0 a n d it s s u r p lu s a n d
p r o fi t s o n J u n e 2 3 w e r e $ 1 , 2 8 4 , 7 7 0 .
in te r e s ts ,
th e
s to c k h o ld e r s
a s t o c k d iv id e n d o f 5 0 %
of
th e
I n e q u a liz in g th e tw o
C o m m e r c ia l
w ill
r e c e iv e
a n d th e s to c k h o ld e r s o f b o t h b a n k s
w ill h a v e s u b s c r i p t i o n r i g h t s f o r n e w s t o c k a t p a r t o a n a m o u n t
e q u a l to
10%
o f th e ir p r e s e n t h o ld in g s , th e to t a l c a p it a l o f
b o r h o o d o f $ 2 0 ,0 0 0 a n d t h e to w n s h ip a d e p o s it o f $ 3 ,0 0 0 .
— The
ad d ress
F in a n c ia l
on
P r o b l e m ,”
“ Som e
A id s
d e li v e r e d
to
by
th e
S o lu tio n
A rth u r
of
R e y n o ld s ,
d e n t o f t h e D e s M o in e s N a t i o n a l B a n k o f D e s M o i n e s , I o w a ,
b e fo r e th e la te c o n v e n tio n o f th e
K a n sa s B a n k e r s ’ A sso c ia
t i o n , h a s b e e n in m u c h d e m a n d , a n d is n o w p r i n t e d in p a m
p h le t f o r m .
— T h e W y o m in g T r u s t & S a v in g s B a n k o f C h e y e n n e , W y o . ,
t h e C o m m e r c i a l N a t i o n a l B a n k b e in g t h u s r a is e d t o $ 7 , 0 0 0 ,
w h ic h
000,
J u ly 2 o f $ 8 7 ,2 2 4 a n d a g g r e g a te reso u rces o f $ 1 5 5 ,3 2 2 .
of
w h ic h
th e
p r e s e n t s to c k h o ld e r s
N a t i o n a l w ill h a v e $ 4 , 8 0 0 , 0 0 0
and
B a n k e r s ’ w ill h a v e $ 2 , 2 0 0 , 0 0 0 .
of
th e
C o m m e r c ia l
th e s to c k h o ld e r s o f
th e
T h e d ir e c t o r s o f t h e B a n k
e r s ’ N a t i o n a l d e c la r e d a n e x t r a d i v i d e n d o f 5 J ^ %
on T h u rs
day.
Our
P r e s i
o p e n e d fo r b u s in e s s o n
in s titu tio n
has
a
c a p ita l
of
M ay
1 7 , r e p o rts d e p o s its o n
$ 6 0 ,0 0 0 .
Its
The
b u s in e s s fo r
th e
p r e s e n t w ill b e p r i n c i p a l l y d e v o t e d t o t h e s a v i n g s b a n k f e a
tu r e .
T h e o f f ic e r s a r e
A rth u r H .
M a r b le ,
P re sid e n t; E p h
r a im S . J o h n s t o n , V ic e -P r e s id e n t , a n d H a r r y B . H e n d e r s o n ,
J o s e p h T . T a lb e r t , F ir s t V ic e -P r e s id e n t o f th e C o m m e r c ia l
N a tio n a l,
w ill
c o n tin u e
w ith
th a t
ran k .
John
C.
C r a ft,
C a s h ie r .
— T h e F id e lity T r u s t C o m p a n y o f S a lt L a k e C ity w as re
V i c e - P r e s i d e n t o f t h e B a n k e r s ’ N a t i o n a l , w ill b e c o m e a V i c e -
c e n tly
P r e s id e n t ] o f t h e C o m m e r c i a l , a n d F . P . J u d s o n , C a s h ie r o f t h e
h a s b e e n o r g a n iz e d p r im a r ily a s a h o ld in g
B a n k e r s ’ N a t i o n a l , w i ll , it i s s t a t e d , p r o b a b l y b e m a d e S e c r e t a r y
e s t a t e o w n e d b y t h e A s h t o n - J e n k i n s C o . ( d e a le r s in re a l e s t a t e
o f th e n ew b a n k .
T h e o t h e r o f f ic ia ls o f t h e C o m m e r c i a l N a
t i o n a l w ill r e t a in t h e i r r e s p e c t i v e p o s i t i o n s , f o r
a t le a s t .
th e p resen t
T h e c o n c lu s i o n o f t h i s t r a n s a c t i o n w ill m a k e t h e
in c o r p o r a te d .
in v e s t m e n t s )
and
-W e
are
o th e rs.
The
a d v is e d
new
th a t
th e
in s titu t io n
com pany
con cern
is
not
f o r re a l
yet
in
a c tiv e o p e r a tio n .
— T h e a b s o r p tio n o f th e L in c o ln T r u s t
& T itle C o m p a n y
C o m m e r c i a l , in p o i n t o f d e p o s i t s , t h e t h i r d la r g e s t n a t i o n a l
of S t.
b a n k in C h i c a g o .
h a s b e e n r u m o r e d a s u n d e r w a y fo r a m o n th o r m o r e , n o w
A m o n g th e S t a t e b a n k s , o n ly th e Illin o is
T r u s t & S a v i n g s w ill e x c e e d it in s i z e .
I t is e x p e c t e d t h a t
e r e lo n g t h i s p o w e r f u l fin a n c ia l in s t i t u t i o n w ill m a k e u s e o f
th e
c h a rte r
of
th e
“ C o m m e r c ia l
T ru st
&
S a v in g s
B a n k ,”
L o u i s b y t h e T i t l e G u a r a n t y T r u s t C o m p a n y , w h ic h
seem s assu red ,
th e S t .
L o u is “ R e p u b lic ”
in a r e c e n t is s u e
h a v in g re p o r te d th e p u r c h a se o f 4 ,0 0 0 o f th e 5 ,0 0 0 sh a re s o f
th e L in c o ln b y th e T it le G u a r a n t y T r u s t .
O ur c o n te m p o ra ry
w h ic h t h e C o m m e r c i a l N a t i o n a l t o o k o u t s e v e r a l y e a r s a g o ,
fu r th e r s t a t e s t h a t th e la t t e r , h e r e to fo r e o p e r a te d a s a g u a r
and
a n t y a n d t i t le c o r p o r a t i o n , w ill n e x t m o n t h a l s o e n g a g e in a
F ir s t
has
h e ld
fo r s o m e
N a tio n a l
S a v in g s , a n d
Bank
such
w ith
th e n e w ly
its
c o n tin g e n c y .
a d ju n c t,
c o n s o lid a te d
th e
T h u s,
F ir s t
lik e
th e
T ru st
(o r a ffilia te d ,
&
ra th e r)
b a n k in g
b u s in e s s , a n d
w ill a b s o r b
th e
“ w h en a rra n g e m e n ts
L in c o ln T r u s t & T i t le .
The
can
be
m ade”
c a p it a l o f t h e
C o n tin e n ta l N a tio n a l a n d A m e r ic a n T r u s t & S a v in g s b a n k s ,
T i t l e G u a r a n t y T r u s t C o m p a n y is t o b e i n c r e a s e d f r o m
t h e e n la r g e d C o m m e r c i a l N a t i o n a l c a n s o o n e m b a r k in t r u s t
5 0 0 ,0 0 0
and
h o ld e r s o f t h e L i n c o l n .
s a v in g s
and
le a g u e s.
bond
o p e r a tio n s ,
li k e
its
s u c c e s s fu l
c o l
has
$ 1 ,
t o $ 2 , 5 0 0 , 0 0 0 , h a l f o f t h e in c r e a s e g o i n g t o t h e s t o c k
been taken by the
A le a s e o f t h e q u a r t e r s o f t h e L i n c o l n
T itle
Guaranty Company.
142
THE CHRONICLE
— The Prudential State Savings Bank of Topeka, Kansas,
has changed its name to the Prudential State Bank, the new
title having been adopted on the 1st inst. The institution
has also increased its capital from $25,000 to $50,000. The
bank, which has heretofore confined itself to a savings
business, will in future also conduct a commercial banking
business, and has made application to operate under the
Kansas deposit-guaranty law. S. E. Cobb has become
Cashier of the institution, succeeding George P. Stitt,who
resigns in order to give his sole attention to his duties as
Secretary of the Prudential Trust Company of Topeka.
— William Macferran, heretofore Cashier of the State
Savings Bank of Topeka, was elected President of the insti
tution on the 8th inst., to succeed A. A. Godard, resigned.
The bank, which has been in operation since 1S98, increased
its capital on the 1st inst. from $25,000 to $100,000.
— Arthur G. Langham, a Vice-President and director of
the Third National Bank of Louisville, K y., and a Vice
President and member of the board of the Louisville Title
Company, died suddenly on the 5th inst. from the effects
of an accidental explosion of fireworks.
— The Third National Bank of Louisville, which is now
located at the southwest corner of Fourth Avenue and
Market Street, has purchased the building at 126 Fourth
Avenue. It is the intention of the bank to ultimately occupy
the building just purchased, but its tenancy of the property
will, in all likelihood, be deferred for some little time to
come, as the lease of the present occupants, it is stated,
has over a year to run, while the bank has nearly a twoyears’ lease of the quarters it now occupies. The Louisville
“ Courier-Journal” states thatjthe consideration is understood
to have been $33,000.
— The Merchants Bank of Raleigh, N. C., began business
under the Federal system on the 2nd inst., changing its
title to the Merchants’ National Bank. The institution
commenced operations on March 29, assuming the deposit
liabilities of the Carolina Trust Co. The officers of the
Merchants’ National are E. C. Duncan, President; W. H.
Williamson and W. F. Utley, Vice-Presidents; W. B. Drake
Jr., Cashier, and Samuel J. Hinsdale, Assistant Cashier.
— Walter King, Cashier of the Main Street branch of the
Waggoner Bank & Trust Co. of Fort Worth, Texas, was
indicted on the 1st inst. on a charge alleging embezzlement.
He was released under bonds of $5,000. The New Orleans
“ Picayune” says the arrest of the accused followed a
charge made by him of a robbery committed on June 22,
when, he stated, he was compelled to hand over to a stranger
all the cash on hand, amounting to $8,195. It is said,
however, that no trace of the highwayman could be found.
— The Texas Trust Co. of Houston, for which a charter
was issued a week ago, began business on Monday, the
12th inst. Jesse II. Jones, formerly President of the Na
tional City Bank of Houston, the business of which was
liquidated through the Lumberman’s National Bank in
April, is at the head of the new organization, and is under
stood to have been chiefly instrumental in bringing about its
establishment. The company has a capital of $500,000 and
a surplus of $125,000, the stock being subscribed for at $125
per share. The management includes, besides President
Jones, C. G. Pillot, N. E. Meador, James A. Baker, S. F.
Carter, J. 3. Rice, J. M. Rockwell and II. L. Chapman,
Vice-Presidents; Fred. J. Heyne, Cashier and Secretary, and
L . B. Mayer, Assistant Cashier.
The new institution occu
pies the old quarters of the National City Bank at Texas
Avenue and Main Street. Two St. Louis bankers are mem
bers of the board of directors, namely George L. Edwards
and Tom Randolph, respectively President and Vice-Presi
dent of the National Bank of Commerce in St. Louis.
— Wade Gard’ ner, .New York agent for the Hong Kong &
Shanghai Banking Corporation, has received the following
dispatch from the head office of the bank at Hong Kong:
“ Subject to audit, the bank dividend will be 40 shillings per
share; added to silver reserve fund, $750,000; carried for
ward to next half-year, $2,000,000. Including the above,
the capital and reserve funds of the bank in Hong Kong dol
lars now stand as follows: Paid-up capital, $15,000,000;
sterling reserve, $15,000,000; silver reserve, $15,250,000;
carried forward to next half-year, $2,000,000; reserve lia
bility of proprietors, $15,000,000."
[V O L. L X X X IX .
DEBT STATEMENT JUNE 30 1909.
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued June 30 1909. F o r statement o f May 31 1909,
see issue o f June 26 1909, page 1595, that o f June 30 1908,
see July 25 1908, page 201.
INTEREST-BEARING DEBT JUNE 30 1909.
Amount
--------- Amount Outstanding--------Interest
Issued.
Registered.
S
Title o/ Loan—
Payable.
2s, Consols o( 1930--------- Q.-J. 646,250,150
3s, Loan of 1908-18------- Q.-F. 198,792,660
4s, Loan of 1925_________ Q.-F. 162,315,400
54,631,980
2s, Pan. Canal Loan 1906.Q.-N.
30,000,000
2s, Pan. Canal Loan 1908.Q.-F.
Coupon.
Total.
S
S
S
641,139,350 5,110,800 646,250,150
41,147,800 22,797,000 03,945,460
97,370,800 21,119,100 118,489,900
54,600,480
31,500 54,631,980
29,382,320
617,680 30,000,000
Aggregate int.-bearlng debt.. 1,091,990,190 863,640,750 49,676,740 913,317,490
N o te — Denominations of bonds are:
Of $20, loan of 1908, coupon and registered.
Of S50, all Issues except 3s of 1908; of $100, all Issues.
Of $500, all Issues: of $1,000, all Issues.
,
,
Of S5.000, all registered 2s. 3s and Is; of $10,000, all registered bonds.
Of S50.000, registered 2s of 1930.
DEBT ON WHICH INTEREST HAS CEASED SINCE M ATU RITY.
M ay 31.
June 30.
Funded loan of 1891, continued at 2%, called May 18
$32,000 00
1900, Interest ceased Aug. 18 1900-----------------$32,000 00
23.750 00
Funded loan of 1891, matured Sept. 21891...............
23,750 00
43.750 00
Loan of 1904, matured Feb. 2 1904-------------------43,750 00
1,857,350
00
Funded loan of 1907, matured July 2 1907_________ 1,960,500 00
17,720 00
Refunding certificates, matured July 1 1907............
17,820 00
Old debt matured at various dates prior to Jan. 1 1861
and other items of debt matured at various dates
909,285 26
subsequent to Jan. i 186i_______________________
909,295 26
Aggregate debt on which interest has ceased since
_ „„„
..
maturity......................................- ........ - ........ $2,987,115 26 $2,883,8o5 26
DEBT BEARING NO INTEREST.
United States notes...................................................................... S346.681.016 00
53,282 50
Old demand notes — -------------- ----- ------ --------------------------National bank notes— Redemption account................................. 28,518.941 00
6,860,787
28
Fractional currency, less S8 ,375,934 estimated as lost or destroyed-Aggregate debt bearing no Interest.........................................
RECAPITULATION.
Classi/lcatlon—
June 30 1909.
Interest-bearing debt......... $913,317,490 00
Debt Interest ceased....... .
2,883,855 26
Debt bearing no Interest___
382,114,026 78
,S382,114,026 78
Increase ( + ) or
Decrease (— ).
$913,317,49000
'
2,987,11526 --$103,260 00
383,726,31278 — 1,612,286 0 0
M ay 31 1909.
Total gross debt............. $1,298,315,372 04 $1,300,030,918 04 — $1,715,546 00
+ 4,552,532 29
Cash balance In Treasury
274,453,841 25
269,901,308 96
Total net debt................S1,023,S61,530 79 $1,030,129,609 08 — $6,268,078 29
* Including $150,000,000 reserve fund.
The foregoing figures show a gross debt on June 30 of
$1,298,315,372 04 and a net debt (gross debt less net cash
in the Treasury) of $1,023,861,530 79.
TREASURY CASH AND DEMAND LIA B IL IT IE S.—
The cash holdings of the Government as the items stood
June 30 are set out in the following:
ASSETS.
LIAB ILITIE S .
____
Trust Fund Holdings—
$
Trust Fund Liabilities —
Gold coin..................... 852,601,869 00 Gold certificates_______ 852,601,869 00
Silver dollars------------- 484,414,000 00 Silver certificates_____ 484,414,000 00
4,215,000 00
Silver dollars ot 1890...
4,215,000 00 Treasury notes of i890..
Total trust fund....... 1 341,230,869 00
General Fund Holdings—
Gold coin and bullion__
Gold certificates_______
Silver certificates.........
Silver dollars....... ........
Silver bullion....... ......
United States notes___
Treasury notes of 1890..
National bank notes___
Fractional sliver coin__
Fractional currency___
Minor coin............ ......
Bonds and Interest paid.
38,411, 744 62
34,772, 660 0 0
6,096, 484 00
7,640, 133 00
4,129, 010 02
6,039, 413 00
10, 013 00
23,415, 062 0 0
27,210, 207 21
79 48
2,608, 817 33
7, 901 25
Total trust liabilities. 1,341 ,230,869 00
Gen.Fund Liabilities—
National bank 5%fund 24 ,540,250 49
Outstanding checks and
drafts .............
1 0 1,391,013 26
Disbursing officers’ bal
ances ________
6 6 1,129,791 59
Post Office Department
account____________
1 .811,351 44
Miscellaneous Items---1,865,965 05
Total gen. liabilities___
104,738,371 83
Tot. Iiv Sub-Treas’les. 150,341,524 91
In Nat.Bank Depositaries
•edit Treasurer of U. S.
63.230.S79 87
•edit U. S. dls. officers 11,467,735 67
74,698,615 54
Total In banks..........
In Trras. ot Philippine Islands—
Cash balance and Reserve —
Credit Treasurer of U. S.
2,595,404 90
Credit U. S. dls. officers.
1,556,667 73 Total cash and reserve.. 274,453,841 25
Made up of—
4,152,072 63 Available ..124,453,841 2o
Total in Philippines.
and
Reserve Fund—
Reserve Fund Holdings —
G Id coin and bullion__ 150,000,000 00 Gold&bull. 150,000,000 00
Grand total.............. 1,720.423.082 08
Grand total.............. 1.720,423,082 08
T R E A S U R Y C U R R E N C Y H O L D I N G S .— T h e fo llo w in g
c o m p ila tio n ,
based
on
o f f ic ia l
G o v ern m en t sta te m e n ts,
s h o w s t h e c u r r e n c y h o ld i n g s o f t h e T r e a s u r y o n t h e fir s t o f
A p r i l , M a y , J u n e a n d J u l y 1 9 0 9 Statements of corresponding
dales in previous years will be found in our issue of July 2 5
1908,
page
201.
TREASURY NET HOLDINGS.
April 1 '09. M ay 1 ’09. June 1 ’09. July l ’09.
H oldings in S ub-T reasuries —
$
$
Net sliver coin and bullion........ 19,851,900 20,174,774
Net United States Treasury notes
11,193
8,481
7,552,169
5,902,751
17,720,757
8,812
17,865,027
10,013
Net national bank notes
. 22,816,033
Net fractional silver............... 25,957,101
Minor coin, &c......................... 2,820,941
25,263,392
26,899,135
2,709,877
25,425,734
27,250,163
2,641,349
23,415,062
27,210,207
2,616,798
Net gold coin and bullion
$
3
. .240,173,188 235,590,916 224,263,038 223,184,405
Net legal-tender notes....................
7,158,209
6,039,413
Total cash In Sub-Treasuries..319,182,525 316,609,326•304,468,002(1300,341,525
Less gold reserve fund................150,000,000 150,000,000 150,000,000 150,000,000
Cash bal. In Sub-Treasuries...169,182,525 106,609,326 154,468.002 150,341,525
Cash In national banks ........... . 70,510,470 71,159,294 72,946.080 74,698,615
Cash In Philippine Islands_____
4,428,338
4,135,946
4,282,808
4,152,073
Net Cash In banks, Sub-Treas.244,127,333 241,904,566 231,696,950 229,192,213
Deduct current liabilities.a....... 110,193,262 114,470,731 111,795,641 104,738,372
Available cash balance.............. 133,934,071 127,433,835 119,901,309 124,453.841
a Chiefly •'disbursing officers’ balances.” d Includes $4,129,010 silver bullion
and $2,616,798 minor coin, &c., not Included In statement "Stock of.Money.’’. j
July 17 1909.]
Auction Sales.— A m o n g o t h e r s e c u r i t i e s , t h e f o l l o w i n g , n o t
r e g u l a r l y d e a l t in a t t h e B o a r d , w e r e r e c e n t l y s o l d a t a u c t i o n .
B y M e s s r s . A d r i a n H . M u lle r & S o n :
Bonds.
Stocks.
English Financial Markets— Per Cable.
T h e d a i l y c lo s i n g q u o t a t i o n s f o r s e c u r i t i e s , <fcc., a t L o n d o n ,
a s r e p o r te d b y c a b le , h a v e b e e n a s fo llo w s th e p a s t w e e k :
London,
Week ending July 1G.
Sat.
M on. Tues.
Silver, per oz____________ d. 23 9-16 23%
23%
Consols, new, 2% percents.. 84 7-16 84%
84%
For account_____________ 84%
84 5-16 84 5-16
French rentes (in Paris)..fr. 97.50
97.65 97.60
Amalgamated Copper Co-------83%
83%
83%
9%
9%
9%
6 Anaconda Mining Co______
119%
Atchison Topeka A Santa Fe 119%
119%
107%
Preferred ....................... 107%
107%
122%
Baltimore & Ohio__________ 121%
121%
97
Preferred ______________ 97
97
189
188%
Canadian Pacillc___________ 187%
79%
Chesapeake & Ohio________ 80
80
1%
Chicago Great Western------ 2
1%
158%
Chicago Milw. A St. Paul — 157%
158
48%
Denver A Rio Grande_____ 48%
48%
87%
Preferred ..................— 87%
87%
37
37%
E ric .................................. 36%
54%
First preferred................- 54%
54%
44
Second preferred............ 43%
44
158%
Illinois Central....... ............ 155%
158
145%
Louisville & Nashville.........143%
444%
42%
Missouri Kansas & Texas— 42%
41%
75%
Preferred __ 1............... 76
76
55%
National UR. of Mex., 1st pf. 55%
55
26
Second preferred............ 26
26
135%
N. Y . central A Hud. River.135%
135%
54
N. Y. Ontario A Western... 53%
53%
93
92
Norfolk A Western.............. 92
92
Preferred - ___ ________
157
Northern Pacific................... 156% 157
71
a Pennsylvania— .............. 70%
tv A
80%
a Reading Company............ 79%
79%
48
47%
a First preferred..............47%
51
a Second preferred-------- 51
51
34%
Rock Island................... - - 34
137
Southern Pacillc..................137%
437%
32
31%
Southern Railway.............. 31%
71
Preferred______ . . . . — 70%
71
198%
198%
Uni™ Pacific................... -198%
105
Preferred ......... - ........... 1®7^
71%
U. S. Steel Corporation....... 70%
71
128%
Preferred ...................... 128%
21
Wabash ........................... 21
20%
55%
Preferred ................... . 5o
55%
79
Extended 4s................... 79
79
a Price per share.
6
£ sterling,
143
THE CHRONICLE
Wed.
Thurs.
23 7-16 23%
84 3-16
84%
84 3-16 84%
07.65
97.60
81%
82
9%
9%
119
119
107
107
Frl.
23%
84 3-16
84 3-16
97.55
82%
9%
118%
107%
122
122
121%
96%
188%
79%
1%
157%
48%
87
37%
54
43%
160
145
42
75%
55
25%
135%
53%
93%
92
155
70%
c79%
48
51
34
136%
31%
71
198%
105
71%
128%
21%
57%
79
96%
189%
79%
1%
158
48%
96%
189%
80
88
37
54%
44
160%
145
42
75%
55
26
136
53%
94%
92
154%
70%
79%
48
51
34%
136%
31%
70%
198%
106%
72%
129
21%
58%
79
1%
158
48%
87%
37%
54%
44
160
146%
42%
75%
55
25%
138
53%
94%
93
155
70%
79%
47%
51
35
136%
32
71%
199%
107%
73%
130%
21%
58%
79
c Ex-dividend.
(Lcmxmeuctiil anti IXXts ccllancmisXX exus
National Banks.— T h e f o l l o w i n g i n f o r m a t i o n r e g a r d i n g
n a t i o n a l b a n k s is f r o m t h e o f f i c e o f t h e C o m p t r o l l e r o f t h e
C u rren cy, T reasu ry D e p a rtm e n t.
A P P L IC A T IO N TO C O N V E R T IN T O N A T IO N A L B A N K S
APPRO VED .
The Citizens’ Bank of Vallejo, Cal., Into "T h e First National Bank of
V allejo.” Capital, $100,000.
6 Citizens’ Cent. Nat. Bank____ 159
8 Hanover Fire Insurance Co___ 167
42 Hudson County Gas Co....... ..125%
1 Charter Memb. Fairfield Co.
Golf Club, Greenwich,Conn.$125
833 1-3 Jalapa RR. & Power Co— 18
8 Central Park N. A E. ltiv. R R . 36%
100 Nevada-Utah Mines & Smelter
Corp______________ $1 75 per sh.
200 Holyoke Mining Co________1
10 Little PIttsb. Cons. M’g C o.. )$7 lot
100 Climax Mining Co__________j
5 First Nat. Bank of B’klyn___ 295
$2,000 Indian narbor Yacht Club.
Inc. 2d 5s 1923. J. A J_____ $800
1 Cert, of Memb. Oxford Rod A1
Gun Club_____________________|$3l
$100 Corp. of the Chamber of Com-1
mcrce, Bldg. Fund Noncum. Inc.|
bond............................... ........ j
$2,000 Standard Motor Construct’n
Co. 1st 6 s 1927. M. A S—61 A Int.
$10,200 The Edward Elsworth Co.
6 s 1913................................. $500
Breadstuffs Figures Brought from Page 175.— T h e s t a t e
m e n t s b e l o w a r e p r e p a r e d b y u s f r o m fig u r e s c o l l e c t e d b y
th e N e w Y o r k P ro d u ce E x c h a n g e .
T h e r e c e ip ts a t W e s t e r n
la k e a n d r iv e r p o r ts fo r th e w e e k e n d in g la s t S a t u r d a y a n d
Receipts at—
Chicago___
Milwaukee..
Duluth____
Minneapolis.
Toledo____
Detroit____
Cleveland .
St. Louis...
P eoria ____
Kansas City.
Tot.wk.’OO
Same wk. ’08
Same wk. ’07
Oats.
Com .
Wheat.
Flour.
Barley.
R ye.
bbls.lM lbs. bush. 60 lbs. bush. 56 lbs. htish. 32 lbs. bushAHlbs. bu.56 lbs.
123,215
48,125
130,500
2 2 ,0 0 0
3,211
2,599
17,790
35,000
9,349
1,700
264,208
147,000
360,440
349,493
297,460
1,495,029
2,631,260
3,075,700
437,200
40,300
89,275
228,540
1,043,025
1,373,000
132,600
75,998
95,340
39,400
90,118
136,559
328,555
21,600
50,600
184,552
788,020
1 2 0 ,0 0 0
196,809
120,080
1 1 ,0 0 0
6 ,0 0 0
277
10,382
2 ,0 0 0
1 2 ,0 0 0
______
______
10,400
16,000
______
______
96,800
15,783
133,895
200,800
60,000
28,500
2,490,470
1,967,367
3,222,516
1,930,892
2,225,746
1,885,461
821,715
398,179
271,757
38,659
46,860
99,143
1 2 2 ,1 0 0
6 ,0 0 0
2 ,0 0 0
7,000
Since Aug. 1
1908-09. — 19.418.392 211.717.143 144,816,648 158,921,252 80,821,487 6,242,379
1907-08. - 17,492.084 205,855.321 116,694,357 179,309,426 61,094,368 6,551,796
1906-07... 19,958,861! 233,459,9551211,403,147 192,774,629 66,083,265 835,718
T o t a l r e c e i p t s o f flo u r a n d g r a in a t t h e s e a b o a r d p o r t s f o r
th e w e e k e n d e d J u ly 1 0 1 9 0 9 fo llo w :
Barley,
R ye,
Corn,
Oats,
Wheat,
Flour,
bush.
bush.
bush.
bush.
bush.
Receipts at—
bbls.
New Y o r k ...........
Boston................
Philadelphia____
Baltimore________
Richmond , .........
New Orleans * ___
Galveston________
Mobile..... ...........
Montreal..............
127,700
800
12 428
140,591
18,028
116,578
23,444
40,043
17,838
2,202
11,114
______
1,396
31,588
13‘,666
467’ 066
Total week....... 244.203
Week 1908......... 270,398
Since Jan. 1 1909—7,606,359
Since Jan. 1 1908-8,682,730
124,225
22,140
23,500
38,729
27,142
65,100
73.000
17.000
75,445
338,300
88,905
98,548
63,224
11,500
38,300
2,550
1,588
2,300
487
14,001
3,660
9,555
779,613 466,281
642,437
14,180 16,301
1,332,826 363,715 1,121,657
62,882 22,295
34,120,40927,105,280 23,653,303 4086,817 393,053
38,091,69825,584,543 21,580,260 2692,610 1119,745
* Receipts do not include grain passing through New Orleans for foreign ports on
through bills of lading.
N A T IO N A L B A N K S O R G A N IZ E D .
T h e e x p o r ts fr o m th e se v e ra l s e a b o a rd p o r ts fo r th e w eek
J u ly 1 to J u ly 7.
9,467— The First National Bank of Claremont, Cal. Capital, $25,000.
Peas,
Oats,
Rye, Barley,
George Jencks, Pres.; O. II. Duvall, Vice-Pres.; VV. N . Beach,
Corn, Flour,
Wheat,
bush.
bush.
bush.
bush.
bbls.
Cashier. Conversion of the Citizens’ State Bank of Claremont.
bush.
bush.
Exports ]rom —
____
137
0,468— The State National Bank of Artesia, N . M. Capital, $50,000. New Y o r k _____ 174,864
3,510 ____
3,010 30,997
______
____
____
_____
Jno. \V. Poe, Pres.; John C. Gage and J. O. Kuyrkendall, Vice- Boston_________
6,591
39,966
—
—
______
____
Pres.; John B. Enfield, Cashier; James J. Sullivan, Assistant Philadelphia___
15,623
26,222
1 ,1 0 0
______
_____
—
8,571
Cashier. Conversion of the Bank of Artesia.
16,000
5,800 ____
Baltimore...........
______
_____
_____
___ _
1,826
9.469—
The White Hall National Bank. White Hall, Md. Capital, $25,000.
18,501
New Orleans___
______
____
____
_____
1,396
Samuel W . Black, Pres.; Andrew L. Anderson, Vice-Pres.; C. Evans Mobile....... ........
17,000
W iley, Cashier; VV. Evans Anderson, Assistant Cashier.
77,000 51.034
Montreal ______ 682,000
.........
....... 43,000
9.470—
The First National Bank of Spring City, Tenn. Capital, $25,000.
137
122,411 107,447
3,510
8,571 43,000
A. D. Paul, Pres.; S. C. Blanchard, Vice-Pres.; H. C. Collins,
Total week__ 939,052
1,222
25,061} 184,254
43,317 17,115 102,104
Cashier; S. E. Paul, Assistant Cashier. Conversion of the Bank Week 1908....... .1,065,396
9 , 4 7 1 — Th^Slerchants’'National Bank of Raleigh, N . C. Capital, $100,000.
E C. Duncan, Pres.; W m . II. Williamson and W . 1>. U tley, Vice
Presidents; W . B. Drake Jr., Cashier; S. J. Hinsdale, Assistant
___
Cashier. Conversion of the Merchants’ Bank.
o 4 7 ?__The First National Bank of Stanley, N. D. Capital, $25,000.
’
T L. Belseker, Pres.; C. L. Bishop, Vtcc-Pres.; B. W . Taylor,
Cashier; C. E. Burdick, Assistant Cashier. Conversion of the
Security State Bank of Stanley.
Capital, $25,000. Tobias
1 4 7 3 __The First National Bank of Gratz, Pa.
S. Klinger, Pres.; Jacob J. Coleman, Vice-Pres.; Esher T . Pottcher,
__The^Farmers’ A Merchants’ National Bank of Bel Air, Md. Capital,
’
$25,000. Otho S. Lee, Pres.; W illiam E. Robinson, Vice-Prcs ;
Clinton L . Rcckord, Cashier.
9 4 7 5 __The National Bank of Danville, Va.
Capital, $125,000. D. A.
’
Overbey, Pres.; O. W . Dudley, Vice-Pres.; II. C. Patton, Cashier.
J. M. Ley, Assistant Cashier. Conversion of the Bank of Danville.
V O L U N T A R Y L IQ U ID A T IO N .
6,464— The Anoka National Bank, Anoka, N eb., July 1 1909.
8,525— The First National Bank of Longton, Kan., July 1 1909.
6,191— The First National Bank of Greenup, 111., July 6 1909.
9 474
The
d e s tin a tio n
o f th e s e e x p o r ts fo r th e
w eek and
J u ly
1 1 9 0 9 is a s b e l o w :
------- Flour------------------ Wheat--------------------CornSince
Since
Since
July 1
Week
Ju ly 1
Week
July 1
Week
1909.
1909. July] 10.
1909. July 10.
Exports 1or week and July 10.
bush.
btish.
bush.
bush.
bbls.
since J uly l to—
bbls.
United Kingdom___ £4,853
Continent................ 1,486
So. A Cent. Amer__ 7,289
West Indies________ 13,379
Brit. Nor. Amor. Cols...........
Other Countries.......
440
Total..................107,447
Total 1908...........— 184,254
84,853
1,486
7,289
13,379
591.966
340,240
6,846
591,966
340,240
6,846
—
440
107,447 939,052 939,052
360,998 1,065,396 2,556,080
81,300
2,951
38,160
" .......
81,300
2,951
38,160
122,411
25,060
122,411
56,13 6
T h e w o r ld ’s s h ip m e n ts o f w h e a t a n d corn fo r th e
e n d i n g J u ly 1 0 1 9 0 9 a n d s in c e J u l y 1 in 1 9 0 9 a n d
w eek
1908
a r e s h o w n in t h e f o l l o w i n g :
Wheat.
S T O C K O F M O N E Y I N T H E C O U N T R Y .— T h e fo llo w in g
t a b l e s h o w s t h e g e n e r a l s t o c k o f m o n e y in t h e c o u n t r y a s w e ll
a s t h e h o ld i n g s b y t h e T r e a s u r y , a n d t h e a m o u n t in c i r c u l a
tio n on th e d a te s g iv e n .
The statement for July 1 1 9 0 8 will
he found in our issue of July 1 8 1 9 0 8 , page 1 4 4 .
Stock oI M oney July 1 1909. ---- M oney in Circulation—
In United
Held in
July l
July l
Stales.
Trcasury.il
1909.
1908.
$
Gold coin and bullion___ *1,642,447,468
Go d certificates a ............ - ..............
Standard silver dollars.... 564,044,812
Shier certiftcatcs a .........................
Subsidiary stiver"
....... 159,345,948
Treasury notes o f 1890--- 4,215,000
United States notes
. . . . 364,681,016
National bank notes.......... 689,920,074
$
188,411,745
34,772,660
7,640,133
6,096.484
27,210,207
10,013
6,039,413
23;415,062
S
601,433,854
817,829,209
71,990,679
478,317,516
132,135,741
4,204,987
340,641,603
666,505,012
5
614,553,628
788,464,309
76,354,933
465,581,977
122,912,990
4,968,084
340,189,838
632,431,530
Total
........
3,406,654,318 293,595,717 3,113,058,601 3,045,457.289
Population of the United States July 1 1909 estimated at 88,926,000; clrculaton
per capita $35 01.
* A revised estimate by the Director of the Mint of the stock of gold coin was
adopted In the statement for Aug. 1 1907. There was a reduction of $135,000,000.
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 tho
account of money held as assets of the Government.
(I 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
ofjthe Treasurer of the United States, amounting to $63,230,879 87.
1908.
Exports
Week
July 10.
Since
July 1.
Since
July 1.
Week
July 10.
Since
July 1.
Since
July 1.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
131.000
1.985.000
1.929.000
8.116.000
4,827,000
T o ta l___ 8,424,000 16,464,000 11,236,000 6,284,000 12,164,000
6,523,000
North Amer. 1.240.000
Russian___ 2.440.000
Danublan — 128,000
Argentine — 2.152.000
Australian.. 200,00J
Indian____ 2.072.000
Oth. countr’s 192,000
64,000
2.480.000 4.816.000
3.920.000 1.432.000 1.096.000
200,000 1.164.000
384.000
4.296.000 3.700.000 3.960.000
336,000
400.000
4.584.000 \ 752,000 J -400.000 J
\ -
T h e q u a n tity of
108,000
577,000
1,011,000
w h e a t a n d c o rn a flo a t fo r E u r o p e o n d a t e s
m e n tio n e d w a s a s fo llo w s :
Wheat.
United
Kingdom.
Continent.
Bushels.
Bushels.
Com .
1
Total.
United
Kingdom.
Continent.
Total.
Bushels.
Bushels.
Bushels.
Bushels.
July 10 1909 — 1 9 ,2 8 0 . 0 0 0 15.120.000 34,400,000 1 0 ,2 0 0 , 0 0 0 13.685.000 23.885.000
July 3 1909— 2 0 ,0 0 0 , 0 0 0 14.880.000 34,880,000 9.520.000 12.495.000 22.015.000
July 11 1908— 16.960,000 10.240.000 27,200,000 5.780.000 9,180,000 14.960.000
144
THE CHRONICLE
D IV ID E N D S .
T h e f o l l o w i n g s h o w s a ll t h e d i v i d e n d s a n n o u n c e d f o r t h e
fu t u r e b y la r g e o r im p o r t a n t c o r p o r a tio n s :
Dividends announced this week are printed in italics.
Per
Cent.
N am ed) Company.
When
Payable.
Books Closed.
Days Inclusive.
2 Holders of rec. June 30a
2K [Aug.
3
Sept. 1 Holders of rec. Julv 31a
2
Sept. 1 Holders of rec. Jufy31a
2 Holders of rec. June 30
I K Aug.
2
Aug.
1 Holders of rec. July 19
2
Aug. 16 Holders of rec. Julv30a
2
Aug. 1 0 Holders of rec. July30a
July 2 0 Holders of rec. June 28
IX
2 Holders of rec. June 30
IK Aug.
2K July 2 0 Holders of rec. July 1
July 2 0 Holders of rec. July 1
50
Aug.
15
2 Holders of rec. July 15
Des Moines A Ft. Dodge, pref. (a n n u a l)..
Aug.
5
2 Holders of rec. July 24
East Pennsylvania.................................
3
July 2 0 Holders of rec. July 10
Great Northern (quar.)__________ ______
2 Holders of rec. Julv
I K Aug.
9
Harrisburg Portsmouth M l. J . & Lancaster
3K July 1 0 Holders of rec’. June 20
E x t r a ............................... ................
K July 1 0 Holders of rec. June 20
2
July 19 Holders of rec. June 30
Hocking Valley, common and preferred..
July 29 Holders of rec. June 30
Lake Shore & Michigan Southern_______
6
2 Holders of rec. June 30
Aug.
Guaranteed stk. (Mich. Sou. & N.Ind.)
6
Louisville & Nashville......... .*.............. .
Aug. 1 0 July 21 to Aug. 10
3
Mahoning Coal R R ., common ___________
Aug.
2 Holders of rec. July 14
6
Michigan Central......................... ........
July 29 Holders of rec. June 30
3
Nashville Chattanooga A St. Louis _______
2 July 24
to Aug. 2
2K Aug.
New York Ontario & Western......... ......
Aug.
2
9 July 31 to Aug. 9
Norfolk & Western, preferred__________
Aug. 18 Holders of roc. Aug. 4
Northern Pacific (auar.)........ _________
Aug.
2
lK
Holders of rec. July 7 a
Passaic A Delaware, guar______________
2 Holders of rec. July 26
2K Aug.
Pittsb.Cln.Chlc. & St. Louis, common..
2
Aug. 16 Holders of rec. Aug. 5
Reading Company, common____ ______
2 Holders of rec. July 15
2
Aug.
First preferred........................ .........
2
Sept. 1 0 Holders of rec. Aug. 24
Rome Watertown
Ogd., guar, (quar.) __
Aug. 16 Holders of rec. July 31
IX
Aug.
2 Holders of roc. Julyl7a
St. Louis & San Fran., first pref. (quar.).
1
Tenana Valley, preferred ........................
3K July 24 July 17 to July 23
Vandalla ........................ .....................
2K Aug. 16 Holders of rec. Aug. 5a
White Pass A Yukon __________________
July 15 July 1 to July 15
1
Street & Electric Railways.
Aug.
1 Holders of rec. July 17
Boston & Northern Street Ry., preferred.
3
Charleston ConsolidatedRy., Gas A Electric
IK July 1C
Aug.
2 Holders of rec. July 15
Columbus (O.) R y., pref. (quar.) (N o. 39).
IX
1
Aug. lb Aug. 1 to Aug. 14
Connecticut R y. A Ltg., com. A pref. (qu.)
i Holders of rec. July 15
Aug.
East St. Louis & Sub., pf. (qu.) (No. 13).
IX
Aug.
2 Holders of rec. July 15
Grand Rapids R y., pref. (quar.) (N o. 35).
IX
1 July 21
Aug.
Harrisburg Traction ..............................
3
to July 31
1
Aug. 14 July 25 ’ to Aug. 15
Havana Elec. R y., com. (quar.) (N o. 3 )..
Preferred (quar.) (N o. 14) — ............
IK Aug. 14 July 25 to Aug 15
Aug.
2 Holders of rec. July 16
Jacksonville (Fla.) Elec. Co., com. (N o. 10)
3
Aug.
2 Holders of rec. July 16
3
Preferred (N o. 14 ).............. ...............
July 31 Holder’ uf r»o July 31
Johnstown Passenger Ry. (quar.)...........
X
1 July 27
M exico Tramways (quar.) ______________
to Aug. 1
IK Aug.
Mllw. Elec. Ry. & Lt., pf. (qu.) (No. 39)
IK July 31 Holders of rec. July 20
2 Holders of rec. July 10
Montreal Street Ry. (quar.)....... ...........
2K Aug.
1
July 31 July 21 to Aug. 1
New Hampshire Electric Rys., preferred.
Aug.
1 Holders of rec. July 17
3
Old Colony Street Ry., preferred...........
Philadelphia Company, common (quar.).
2 Holders of rec. July
IK Aug.
1
Aug. 16 Holders of rec. July 21
Twin City Rap. Tran., Minn., com. (qu.)
IX
United Traction, Pittsburgh, preferred..
2K July 2 0 Holders of rec. July 10
Aug.
West Penn R ys., pref. (qu.) (N o. 15)---2 Holders of rec. July 24
IX
Banks.
2 July 22
M ount Morris (quar.) (N o. 38)....... ......
to
2K Aug.
Trust Companies.
2
Aug.
2 July 28
Nassau, Brooklyn (quar.).............. ......
to Aug. 1
Fire Insurance.
H om e ................................................... 12K On dcm. Holders of rec. July 1
Miscellaneous.
Amalgamated Copper (quar.) ...................
K Aug. 30 Holders of rec. July 22
July 24 July 11
3
American Cement (No. 20)_____________
to July 25
July 2 0
1
American Chicle, common (monthly)---July 20
1
Common (extra)____ ________________
1
July 2 2 July 14 to July 21
Amer. Dlst. Telcg. of N . J . (quar.) ------Aug.
2 July 21
2
Am er. Light A fraction, common (quar.).
to Aug. 1
Aug.
2 July 21
1
Common (extra) ............................... .
to Aug, 1
Sept. 30 July 21 to Aug. 1
Common (stock dividend)..................... 1 0
2
July 21 to Aug. 1
Preferred (quar.) _____________________
IK Aug.
$4 Aug.
2 Holders of rec. July 19
American Glue, preferred______________
American Locomotive, preferred (quar.).
ix July 21 July 7 to July 21
3
Aug. 14 Holders of rec. Aug. 0
Bond A Mortgage Guarantee (quar.) _____
2
July 31 July 25 to Aug. 1
Central Dlst. & Printing Teleg. (quar.)..
2 Holders of rec. July 20
Aug.
Commonteeallh-Edlson (quar.) . ............ - - ' I K
Consolidated Ice, Pittsburgh, pref. (quar.).
IK July 2 0 July 10 to July 20
July 31 Holders of rec. JulylOa
DIstlllers’ Securltes Corp. (qu.) (No. 27).
X
A
i
July 30 Holders of rec. July 10
Dlstllltng Co. of America, pref. (quar.)__
2 July 22
Dominion Coal, Limited, preferred _______
to Aug. 1
3K Aug.
26 Holders of rec. Julv 15
du Pont de Nem. l’owd., pref. (quar.)..
I X duly
1 Holders of rec. Aug. 3i
Eastman Kodak, common (q u a r.)..___
2>K Oct.
Common (extra)...................... ..........
5
Sept. 1 Holders of rec. July 31
1 Holders of rec. Aug. 3 1
Preferred (quar.)___________________
IK Oct.
2 Holders of rec. Julv 20
Edison Elec. III., Boston (quar.) (N o. 81).
2K Aug.
Extra _________ _____________________
1
Aug.
2 Holders of rec. July 20
2
July 15 Holders of rec. Julvl4a
Electric Bond A Share, common (No. 1)-1 July 17
to Aug. 1
Preferred (quar.)..............................
IK Aug.
3 July 25 to Aug. 3
Electric Company of Am erica ...................
3K Aug.
2 Holders of rec. Julv.'lOa
Federal Sugar Refining, preferred (qu ar.).
I K Aug.
16 Holders of rec. Aug 10
Gorham Manufacturing, common (q u a r.)..
2K Aug.
1 July 24
to Aug. 1
Guanafuato Power A Elec., pref .(qu .)(N oA )
IK Aug.
Harblson-Walker Refractories, pref. (qu.)
IK July 2 0 Holders of rec. July 10
1
Sept. 1 Aug. 11 to Sept. 1
International Nickel, common (No. 1)__
2 July 11
to Aug. 2
Preferred (quar.).............. ................
IK Aug.
2 July 21
to Aug. 2
Internat. Steam Pump, pf. (qu.) (No. 41)
IK Aug.
2 Holders of rec. Juiyloa
Kansas City Stock Yards (quar.) ________
IK Aug.
July 2 0 July 2 to July 20
3
La Rose Consolidated Mines (quar.).......
July 2 0 July 2 to July 20
1
Extra ___________ __________________
Aug.
2 Holders of rec. July 17
10
Massachusetts Gas Companies, com____
Michigan Slate Telephone, com. (quar.) __
IK Sept. 1 Aug. 19 to Sept. 1
1 Oct. 19
Preferred (q u a r.). ......................... .....
to Nov 1
IK Nov.
2 July 18
to Aug. 2
Preferred (quar.)............ ............ .....
IK Aug.
2
Aug.
2 Holders of rec. Julv 15
Minneapolis Gen. Elec., com. (No. 8 ) ___
2 Holders of rec. July 1 5
Aug.
3
Preferred (No. 2 1 )................ ...........
2 July 27
Municipal Gas, Albany, N . Y . (quar.) __
to Aug. 2
2K Aug.
1 July 26 to July 31
Aug.
1
Nevada-Callfornla Power (quar.) (N o. 4).
N. Y. & Queens Elec. Lt. & Power, pref.
2K Aug. 1 0 Holders of rec. July 3 1
July 2 0 July 1 to July 14
Niplsslng Mines (quar.).........................
3
July 2 0 July 1 to July 14
2
Extra .............. ...............................
July 29 Holders of rec. July 3
Osceola Consolidated Mining............ .....
$4
2 July 16
Aug.
to Aug. 2
1
Pacific Coast Co., common (quar.).........
2 July 16
to Aug. 2
First preferred (quar.)_____________ _
IK Aug.
2 July 16
Aug.
to Aug. 2
.Second preferred (quar.)............ ........
1
People’s Gas Light & Coke (quar.)_____
I K Aug. 25 Holders of rec. July 3 1
2 Holders of rec. July 1 9
Public Service Investment Co., preferred.. $1.50 Aug.
Quincy Gas, Electric & Heating (No. 2).
July 2 0 Holders of rec. Julv i
1
Bears, Roebuck &Co., common (quar.)..
1
Aug. 15 Holders of rec. Aug i
Shawlnlgan Water & Power (quar.).......
1
July 2 0 Holders of rec. Julv 7
Silversmiths Company, common (q u a r.)..
1
Aug. 16 Holders of rec. Aug 10
Btrcet’s West.Stable-Car Line, com. (qu.)
1
July 26 July 16 to July 26
United Cigar Manufacturers, com. (quar.).
1
Aug.
1 Holders of rec. Julv 2 fi
r . S. Realty A Improvement (quar.) .......
1
Aug.
2 Holders of rec. July 22
2
July 31 Holders of rec. July 15a
U. S. Rubber, first preferred (quar.)___
Second preferred (quar.).....................
I K July 31 Holders of rec. JulylSa
Aug. 2 0 Aug. 6
3
Vtrglnla-Caroltna Chemical, common ___
to Aug. 19
Vulcan Detlnnlng, preferred (quar.).......
I K July 2 0 Holders of rec. July 9 a
2 Tulv 1 0
to Aug. 1
Washington (D. C.) Gas Light (quar.) ___
2K Vug.
1 Holders of rec. Julv 24
White (J. G.) ife Co., preferred (quar.)__
IK Aug.
b Declared 3%
S t a t e m e n t o f N e w Y o r k C ity C le a r in g -H o u s e B a n k * .— T h e
d e t a i le d s t a t e m e n t b e l o w s h o w s t h e c o n d i t i o n o f t h e N e w
Y o r k C l e a r i n g -H o u s e b a n k s fo r th e w e e k e n d in g J u ly 1 0 .
T h e fig u r e s f o r t h e s e p a r a t e b a n k s a r e t h e a v e r a g e s o f t h e
d a ily r e su lts.
I n t h e c a s e o f t h e t o t a l s , t h e a c t u a l fig u re s
a t th e e n d o f th e w e e k a re a ls o g iv e n .
W e omit two ciphers (00) In all cases.
Railroads (Steam).
Atch. Topeka & Santa Fc, pret. (No. 22).
Baltimore & Ohio, common................. Im Preferred.........................................
Canada Southern..................................
Central RR. of New Jersey (quar.).........
Chicago A Alton, common ............ ..........
t Prior lien and participating. . ......... .....
Cleve. Cln. Chic. & St. L., pref. (quar.)..
Cuba Railroad, preferred______________
Delaware Lackawanna & Western_______
Special ____________________________
Stock Dividend_____________ ________
aTransfer books not closed,
the first Installment, j
[VO L. L X X X IX
for coming year, of which this is
W
__
Specie. Legals.
Average. Average.
Deposits. Re Average. s've.
$
$
$
S
$
Bank of N. Y _ .
2,000,0 3,452,5 22,065,0 4,407,0 1,381,0
Manhattan Co. 2,050,0 3,567,7 37,700,0 10,359,0 1,520,0
Merchants’ ___
2,000,0
1,692,7 23,058,0 4,787,0 1,704,0
Mechanics’ ___
3,000,0 3,701,3 32,109,0 7,917,0 1,354,0
America______
1,500,0 5,178,4 30,691,4 6,308,1 1,892,2
501,0
P h en lx_______
1,289,0
1,000,0
680,3
7,625,0
City _________ 25,000,0 27,811,3 185,722,0 64,311,0 8,345,0
Chemical_____
3,000,0 5,958,3 29,673,2 5,499,1 2,076,9
590,0
1,709,5
Merchants’ Ex.
600,0
554,5
7,318,5
630,0
1,194,2
Gallatin......... .
9,455,2
1,000,0 2,419,0
126,9
373,2
Butch. & Drov.
300,0
157,6
2,267,2
200,0
Greenwich___
1,922,5
500,0
755,1
7,438,6
Amer. Exch__
5,000,0 5,051,3 31,378,2 4,456,9 1,955,6
Commerce____ 25,000,0 15,722,1 179,599,0 31,383,9 10,984,7
3,000,0 2,495,7
Mercantile___
16,000,1 2,123,7 1,206,0
Pacific ....... .
474,7
500,0
864,8
4,161,8
325,1
970,7
Chatham.......
450.0 1,024,4
1,186,0
7,646,6
135,4
People’s ______
200,0
470,5
498,3
1,961,1
Hanover.........
3,000,0 10,747,5 73,086,6 17,816,0 7,440,2
328,8
Citizens’ Central
2,550,0 1,484,5 24,720,2 6,441,0
Nassau_______
500,0
435,8
5,655,0
538,5 1,086,6
Market & Fult’n 1,000,0 1,674,0
8,054,9 1,349,3 1,125,6
Metropolitan ..
2,000,0
161,2
1,309,7
10,850,4 2,509,5
Corn Exchange.
3,000,0 5,372,3 45,080,0 7,205,0 5,654,0
Imp. & Traders'
1,500,0 7,554,5 26,955,0 4,938,0 1,053,0
P a r k ....... ......
3,000,0 9,792,8 92,004,4 25,307,8 1,367,0
East R iv er___
250,0
104,3
153,8
1,383,2
221,5
F ou rth ______
3,000,0 3,399,6 26,440,0 5,921,0 2,887,0
Second ...........
1,000,0
180,0
1,868,6 11,888,0 .3,024,0
First .............. 10,000,0 18,968,1 114,334,6 25,048,3 1,918,3
Irving Nat Ex.
2,000,0
1,450,4 20,733,7 4,054,7 1,587,8
Bowery ------250,0
821,0
58,0
789,7
3,315,5
N. Y. County..
500.0
1,631,2
8,334,6
1,367,6
683,7
German-Amcr .
750,0
656,2
768,0
222,6
4,207,5
Chase....... ......
5,000,0 6,655,1 81,723,0 18,198,0 5,343,0
Fifth Avenue..
100,0 2,178,6 12,905,2 3,461,0
946,4
German Exch..
200,0
365,0
600,7
857,6
3,400,4
Germania.......
200,0
4,931,8
940,6
537,1
1,020,9
Lincoln ...........
981,2
1,000,0
1,312,4 15,272,8 3,459,9
Garfield.........
207,3
1,000,0
1,837,7
1,160,8
7,567,7
F ifth ..........
210,2
647,7
250,0
475,4
3,175,8
Metropolis___
1,000,0 2,020,2 11,883,4
1,015,9 1,964,1
West Side.......
242,0
4,471,0
1,123,0
200,0 1,087,3
Seaboard....... .
1,000,0
1,782,1 20,555,0 4,396,0 2,356,0
Liberty....... .
1,000,0 2,610,4
17,810,9 3,879,2 1,043,4
N. Y. Prod. Ex.
391,0
7,971,2 2,063,2
1,000,0
687,2
State _________
256,0
1,000,0
810,3 12,456,0 3,595,0
14th Street___
501,5
1,013,9
1,000,0
5,014,7
320,1
Copper...........
579,3
2,000,0 2,675,0 26.928,2 6,494,6
$
%
21,270,0 2 7 . 2
45,375,0 26.1
25,507,0 25.4
35,111,0 26.4
33,255,8 24.6
6,988,0 26.5
206,722,5 35.1
29,008,0 26.3
8,207,9 28.0
7,336,2 24.7
2,196,8 22.7
8,440,5 25.1
25,060,8 25.8
167,177,4 25.4
13,197,8 25.2
3,755,8 21.3
8,326,7 25.9
2.475,0 25.6
89,756,6 28.2
25,643,7 26.5
6,274,7 25.9
8,416,1 29.4
10,668,4 25.0
52,834,0 24.3
25,348,0 26.0
105,517,1 25.2
1,534,6 24.4
29.695,0 29.6
12,576,0 25.4
107,257,0 25.1
21,950,1 25.7
3,470,0 25.3
8,561,3 24.6
4,015,8 24.6
91,246,0 25.7
15,201,6 28.9
3,962,7 24.3
5,735,6 25.7
16,714,9 26.5
7,786,7 26.2
3,433,0 25.0
11,961,1 24.9
5,047,0 27.0
24,870,0 27.2
18,136,5 27.2
9,549,9 25.7
15,350,0 25.0
5,977,4 25.3
28,434,6 24.8
Banks.
Capital.
Surplus.
00s omitted.
Loans.
Average.
Totals......... 126,350,0 174,450,1 1348,980,6 309,872.4 78,714,9 1426,337,6 27.2
Actual figures
1349,370,2 310,179,3 81,056,5 1428,824,0 27.4
On the basis of averages, circulation amounted to $49,009,900 and United States
deposits (Included In deposits) to $2,222,300; actual figures July 10, circulation,
$49,162,800; United States deposits, $2,232,400.
T h e S t a t e B a n k in g D e p a r t m e n t a ls o n o w fu r n is h e s w e e k ly
r e t u r n s o f t h e S t a t e b a n k s a n d t r u s t c o m p a n i e s u n d e r it s
charge.
T h e s e r e t u r n s c o v e r a ll t h e i n s t i t u t i o n s o f t h i s c la s s
in t h e w h o le S t a t e , b u t t h e fig u r e s a r e c o m p i l e d s o a s to
d is t in g u is h b e t w e e n t h e r e s u l t s f o r N e w Y o r k C i t y ( G r e a t e r
N e w Y o r k ) a n d th o s e fo r th e re st o f th e S t a t e , a s p e r th e
f o llo w i n g :
STATE BANKS AND TRUST COMPANIES.
Trust Cos.
Stale Banks
Trust Cos.
State Banks
outside of
In
In
outside of
Greater N . Y . Greater N . Y . Greater N . Y. Greater N . Y.
Week ended July 10.
59,675,000
37.306,000
173.921,500
10,316,230
9,786,676
304.032,100 1,089,760,000
4- 385,200 + 2,159,400
83,812,700
— 12,900
128,807,400
+ 18,500
Surplus as of April 28___
Loans and Investments-Change from last week.
$
Change from last week.
51,255,500
— 4,504,300
122,946,700
+730,600
Legal-tenders & bk. notes
Change from last week.
26,179,200
— 506,700
13,740,000
— 18,800
Change from last week.
Reserve on deposits.......
Change from last week.
$
7,725,000
$
8,598,000
$
25,975,000
Capital as of April 28___
............
............
361,957,700 1,268,822,500
—3,555,700 + 1,989,600
88,427.900
+ 692,500
139,887,600
+ 1,293,100
145,192,600
+987,100
18,348,300
+ 544,000
22.208,000
+ 1,173,300
106,577,800
— 4,320,600
P. C. reserve to deposits..
+ Increase over last week.
29.9%
30.8%
17.2%
17.0%
21.4%
20.9%
16.5%
15.7%
— Decrease from last week.
Note.— "Surplus” Includes all undivided profits. "Reserve on deposits" In
cludes, for both trust companies and State banks, not only cash Items but amounts
due from reserve agents. Trust companies In New York State are required by
law to keep a reserve proportionate to their deposits, the ratio varying according
to location as shown below. The percentage of reserve required Is computed on
the aggregate of deposits, exclusive of moneys held In trust and not payable within
thirty days, and also exclusive of time deposits not payable within 30 days, repre
sented by certificates, and also exclusive of deposits secured by bonds of the State
of New York. The State Banks are likewise required to keep a reserve varying
according to location, but In this case the reserve Is computed on the whole amount
of deposits, exclusive of deposits secured by bonds of the State of New York.
— Slate Banks—■
Reserve Required for Trust Companies
— Trust Cos .—
and State Banks.
Total
Reserve
Required.
Location —
Manhattan Borough........................................... 15%
Brooklyn Borough (without branches In Manhat.)15%
Other Boroughs (without branches In Manhattan).15%
Any Borough with branches In Manhattan_______15%
Elsewhere In State............................
10%
The
B a n k in g
D ep a rtm en t
a ls o
Of
Total
Of
which Reserve which
in Cash.Required. In Cash
15%
25%
15%
10%
10%
15%
5%
u n d e rta k e s
20%
15%
25%
16%
to
10%
7K %
15%
o%
p resen t
s e p a r a t e fig u r e s i n d i c a t i n g t h e t o t a l s f o r t h e S t a t e b a n k s a n d
t r u s t c o m p a n i e s in t h e G r e a t e r N e w Y o r k
not in the Clearing
J uly 17 1909. |
THE CHRONICLE
House. These figures are shown in the table below, as are
also the results (both actual and average) for the Clearing
house banks. In addition, we have combined each corre
sponding item in the two statements, thus affording an aggre
gate for the whole of the banks and trust companies in the
Greater New York.
NEW
Y O R K C IT Y B A N K S A N D T R U S T C O M P A N IE S .
T o ta l o f a ll
C le a r .-H o u se S ta le B a n k s A
T ru s t C o s. not B a n k s & T ru st
Banks.
in C .- H . A v e r . C o s. A v e ra g e .
A v e ra g e .
C le a r .-H o u se
Banks.
A c t u a lF lg u r e s
W eeli en d ed J u l y 1 0 .
A p r il 2 8 .
$
12 6 ,3 5 0 ,0 0 0
$
12 6 ,3 5 0 ,0 0 0
$
6 9 ,7 0 0 ,0 0 0
S u r p lu s a s o t A p r il 2 8 .
1 7 2 ,3 1 8 ,9 0 0
1 7 2 ,3 1 8 .9 0 0
1 8 2 ,8 4 5 ,1 0 0
3 5 5 ,1 6 4 ,0 0 0
L o a n s a n d In v e s tm e n ts 1 ,3 4 9 ,3 7 0 ,2 0 0
— 8 ,1 8 5 ,8 0 0
C h a n g e fro m la s t w ee k
1,3 4 8 ,9 8 0 ,6 0 0
+ 8 ,7 8 0 ,3 0 0
1 , 1 7 9 ,7 4 7 ,3 0 0
+ 2 ,7 2 0 ,7 0 0
2 .5 2 8 ,7 2 7 ,9 0 0
+ 11 ,5 0 1,0 0 0
1,4 2 6 .3 3 7 ,0 0 0 a l , 15 9 ,5 3 0 ,9 0 0
+ 7 ,0 2 1,9 0 0
+ 9 ,3 1 2 ,0 0 0
2 ,5 8 5 ,8 6 8 ,5 0 0
+ 1 6 ,3 3 3 ,9 0 0
C a p it a l a s o
$
19 6 ,0 5 0 ,0 0 0
C h a n g e fro m la s t w ee k
1,4 2 8 ,8 2 4 ,0 0 0
— 4 ,3 6 8 ,0 0 0
C h a n g e fro m la s t w ee k
3 1 0 ,17 9 ,3 0 0
+ 2 ,5 2 8 ,7 0 0
3 0 9 ,8 7 2 ,4 0 0
— 3 9 5 ,7 0 0
12 9 .4 4 9 ,3 0 0
+ 1,0 5 6 ,7 0 0
4 3 9 ,3 2 1 ,7 0 0
+ 6 6 1,0 0 0
C h a n g e fro m la s t w eek
8 1,0 5 6 ,5 0 0
+ 3 ,2 0 7 ,7 0 0
7 8 ,7 14 ,9 0 0
— 3 4 2 ,0 0 0
6 2 3 ,0 0 2 ,0 0 0
+ 17 7 ,0 0 0
10 1.7 1 6 ,9 0 0
— 16 5 ,0 0 0
3 9 1 ,2 3 5 ,8 0 0
+ 5 ,7 3 6 ,4 0 0
3 8 8 ,5 8 7 ,3 0 0
— 7 3 7 ,7 0 0
c l5 2 .4 5 1 .3 0 0
+ 1 . 2 3 3 ,7 0 0
5 4 1,0 3 8 ,6 0 0
+ 4 9 6 ,0 0 0
3 1 ,7 3 4 ,0 0 0
+ 1 , 8 0 1 ,2 0 0
3 1 ,7 3 4 ,0 0 0
+ 1 , 8 0 1 ,2 0 0
5 7 2 ,7 7 2 ,6 0 0
+ 2 ,2 9 7 ,2 0 0
A g g r ’ te m o n e y h o ld in g s
C h a n g e fro m la s t w ee k
M o n e y on d e p o s it w ith
C h a n g e fro m la s t w e e k
C h a n g e fro m la s t w ee k
P e r c e n ta g e to d e p o sits
re q u ir in g r e s e r v e -----P e rc e n ta g e la s t w e e k . .
S u r p lu s r e s e r v e ................
W e om it two cip h ers (00) in a ll these fu tu res.
B anks.
C a p it a l
and
S u r p lu s .
B o sto n .
Ju n e 1 9 . .
Ju n e 2 6 . .
Ju ly 3 . .
J u l y 10 _ _
$
4 1 .7 9 0 , 0
4 1 ,7 9 0 , 0
4 0 ,3 0 0 ,0
4 0 ,3 0 0 ,0
$
2 1 2 ,9 5 9 ,0
2 1 5 ,9 3 8 ,0
2 1 8 ,0 6 5 ,0
2 1 7 ,6 5 6 , 0
Ju n e 1 9 . .
Ju n e 2 6 . .
Ju ly 3 . .
Ju ly 1 0 . .
5 4 ,3 9 0 ,0
5 4 ,3 9 0 ,0
6 6 ,3 1 5 ,0
5 6 ,3 1 5 ,0
2 6 9 .4 0 1,0
2 7 0 ,0 3 7 ,0
2 7 1 ,4 3 2 ,0
2 7 1 ,5 0 3 ,0
3 8 8 ,5 8 7 ,3 0 0
— 7 3 7 ,7 0 0
1 8 4 ,1 8 5 ,3 0 0
+ 3 ,0 3 4 ,9 0 0
2 7 .4 2 %
2 6 .9 4 %
2 7 .2 7 %
2 7 .4 6 %
1 9 .2 0 %
18 .9 0 %
3 4 ,0 2 9 ,8 0 0
3 2 ,0 0 2 ,9 0 0
S p e c ie .
L e g a ls . D e p o s its, a
C ir c u
la t io n .
$
2 7 ,6 0 0 ,0
2 6 ,4 1 7 ,0
2 4 ,7 0 6 ,0
2 4 ,3 2 3 ,0
$
4 ,5 7 4 ,0
4 ,8 2 7 .0
4 ,6 7 9 ,0
4 ,2 0 9 ,0
$
2 7 8 ,9 4 6 ,0
2 7 3 ,3 0 8 ,0
2 7 4 ,6 1.8 ,0
2 7 2 ,0 0 1 ,0
$
7 ,5 9 4 ,0
7 ,5 8 8 .0
7 ,6 2 4 ,0
7 ,0 2 5 ,0
$
1 4 5 ,3 2 4 ,6
15 2 ,3 7 8 ,5
1 7 4 ,2 2 8 ,5
1 4 8 ,3 0 8 ,9
3 2 9 ,7 0 0 ,0
3 2 4 ,7 8 0 ,0
3 2 8 ,4 13 ,0
3 2 8 ,16 3 ,0
1 5 ,5 2 9 ,0
15 ,7 14 ,0
1 5 ,8 5 8 ,0
1 5 ,9 9 2 ,0
1 3 2 .0 0 7 .8
118 ,9 9 9 ,7
1 4 3 ,2 5 5 ,6
10 8 ,3 8 7 ,1
Loans.
8 2,7 ( 2 ,0
8 0 ,0 3 9 ,0
7 9 ,9 2 1 ,0
8 1,12 6 ,0
C le a rin g s .
a In c lu d in g G o v e r n m e n t d e p o s its a n d th e Ite m " d u e to o th e r b a n k s .”
A t B o sto n
G o v e r n m e n t d e p o s its a m o u n te d to $ 2 ,2 2 6 ,0 0 0 on J u l y 1 0 , a g a in s t $ 2 ,2 4 9 ,0 0 0 on
Ju ly 3 .
,
Imports and Exports for the Week.— The following are
the imports at New York for the week ending July 10; also
totals since the beginning of the first week in January:
F O R E IG N
3 9 1 ,2 3 5 ,8 0 0
+ 5 ,7 3 6 ,4 0 0
■+■ In c re a s e o v e r la s t w e e k .
145
IM P O R T S A T N E W
YO RK.
F o r W eek.
19 0 9 .
19 0 8 .
19 0 7 .
D r y G o o d s _________ .
G e n e r a l M e rc h a n d is e ________
$ 3 ,3 4 6 ,2 4 3
1 2 ,0 8 3 ,8 1 0
S 2 ,2 0 2 ,5 1 5
10 .0 2 7 ,2 9 9
$ 5 ,115 ,9 2 3
12 ,8 9 6 ,3 7 6
T o t a l ........... ..
S in c e J a n u a r y 1 .
D r y G o o d s _______
G e n e r a l M e rc h a n d is e .................
$ 1 5 ,4 3 0 ,0 5 3
$ 1 2 ,2 2 9 ,8 1 4
$ 1 8 ,0 1 2 ,2 9 9
$ 11,9 8 2 ,7 2 7
144
$ 8 9 ,2 5 1 ,2 3 8
3 6 2 ,1 5 2 ,8 2 5
$ 6 0 ,8 1 2 ,6 6 1
2 5 8 ,8 6 1 ,0 8 7
$ 9 9 ,16 1,16 3
3 7 7 ,6 2 1 ,3 0 7
$ 8 3 ,3 9 9 ,4 9 5 .
3 0 9 ,2 3 4 ,0 9 7
T o t a l 2 7 w e e k s _________
19 0 6 .
$ 3 ,0 6 2 ,4 1 7
8 ,9 2 0 ,3 1 0 '
. $ 4 5 1 ,4 0 4 ,0 6 3 $ 3 19 ,6 7 3 ,7 4 8 ^ $ 4 7 6 ,7 8 2 ,4 7 0 $ 3 9 2 ,6 3 3 ,5 9 2
Ml
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 Jan. 1 to date:
— D e c re a se fro m la s t w e e k .
E X P O R T S FRO M
a T h e se a re th e d e p o s its a ft e r e lim in a tin g th e Item " D u e fro m re se rv e d e p o s i
to rie s a n d o th e r b a n k s an d t r u s t c o m p a n ie s In N e w Y o r k C i t y : " w ith th is Item
In c lu d e d , d e p o s its a m o u n te d to $ 1 , 3 8 6 , 1 0 3 , 5 0 0 , a n In cre ase o f $ 4 , 2 1 1 , 2 0 0 o v e r
la s t w e e k . In th e ca se o f th e C le a rin g - H o u se b a n k s , th e d e p o s its aro " n o t ” b o th
fo r th e a v e r a g e a n d th e a c tu a l (lg u re s. ft In c lu d e s b a n k n o te s , c O f th is a m o u n t
S t a t e b a n k s h eld $ 1 5 ,7 6 4 ,6 0 0 a n d t r u s t co m p a n ie s $ 1 3 6 ,6 8 6 ,7 0 0 .
The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing House compare
as follows for a series of weeks past:
C O M B IN E D R E S U L T S O F B A N K S A N D T R U S T C O M P A N IE S IN
G R E A T E R NEW YO R K .
NEW
YO RK
19 0 9 .
F o r th e W e e k ........... .................
P r e v io u s ly r e p o r t e d ...................
|
$ 7 ,5 5 9 ,0 4 3
3 1 5 ,8 8 6 ,3 4 3
FO R TH E W E E K .
19 0 8 .
19 0 7 .
19 0 6 .
$ 1 1,3 3 6 ,2 17
3 3 8 , 8 5 7 ,1 0 4
$ 1 5 ,9 9 2 ,5 3 2
3 17 ,0 10 ,3 8 5
$ 11,5 7 1,7 3 3
3 0 3 ,0 0 9 ,4 8 2
T o t a l 2 7 W e e k s ____________ $ 3 2 3 ,4 4 5 ,3 8 6 $ 3 5 0 , 1 9 3 , 3 8 1 $ 3 3 3 ,0 0 2 ,9 1 7 $ 3 1 4 , 5 8 1 , 2 1 5
The following table shows the exports and imports of
specie at the Port of New York for the week ending July 10
and since Jan. 1 1909, and for the corresponding periods
in 1908 and 1907:
EX PO R TS AND
IM P O R T S O F S P E C IE A T N E W
YO RK.
W e om it two c ip h e rs in a ll these fig u re s .
W eek
E nded.
Loans and
In v e stm e n ts .
D e p o s its.
M ay 2 2 . .
M ay 2 9 . .
Ju n e
5 ..
Ju n o 1 2 . .
Ju n e 1 9 . .
Ju n e 2 6 . .
Ju ly
3 ..
Ju ly 1 0 . .
$
2 .4 5 9 .3 0 7 .3
2 ,4 6 1 ,4 7 2 ,7
2 .4 7 9 .1 8 5 .3
2 ,5 0 0 ,5 5 6 ,2
2 ,5 1 8 ,6 4 0 , 1
2 ,4 9 2 ,2 6 0 ,6
2 .5 1 7 .2 2 6 .9
2 .5 2 8 .7 2 7 .9
$
2 .4 7 8 .5 5 5 .7
2 ,4 8 9 ,6 0 5 ,9
2 .5 0 5 .0 7 1.5
2 ,5 3 3 ,5 9 2 ,3
2 .5 6 1 .8 0 5 . 8
2 ,5 3 8 ,9 9 0 ,1
2 .5 6 9 .5 3 4 .6
2 ,5 8 5 ,8 6 8 ,5
S p e c ie .
$
4 1 5 ,3 4 4 ,4
4 2 0 ,7 7 9 ,9
4 1 9 .5 0 7 .2
4 2 2 .8 2 7 .3
4 2 9 ,7 2 5 ,7
4 3 6 .1 0 3 .6
4 3 8 .6 6 0 .7
4 3 9 .3 2 1 .7
$
9 9 ,8 6 6 .2
1 0 0 .1 6 3 .4
9 8 ,6 6 5 ,0
1 0 1 .5 4 0 .4
1 0 1 .7 8 6 .9
1 0 2 ,2 6 0 ,0
10 1.8 8 1.9
10 1.7 16 .9
$
5 15 .2 10 .6
6 2 0 ,9 4 3 .3
5 1 8 ,17 2 ,2
5 2 4 .3 6 7 .7
5 3 1.5 12 .6
5 3 8 .3 6 3 ,0
5 4 0 .5 4 2 .6
5 4 1 .0 3 8 .6
S
5 4 2 ,7 0 8 ,9
5 4 8 .3 2 6 ,7
5 4 7 ,8 5 2 ,4
5 5 3 .7 12 .2
5 6 0 .9 5 2 .3
5 6 7 .7 3 7 .3
5 7 0 .4 7 5 .4
5 7 2 ,7 7 2 ,6
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending July 10, based on average daily results.
W e om U lico c ip h e rs (00) In a ll these fig u re s .
B anks.
C a p i
ta l.
S u r
p lu s .
Loans,
D ls c 'ts
and
In v e st
m en ts.
S p e c ie .
Legal
T ender
and
Bank
N o tes.
D e p o s it w ith —
C le a r
in g
A g e n t.
O ther
N et
B a n k s , D eposits
A c.
N . Y . C it y .
B o ro u g h s o f
M a n .A B r x .
E x p o r ts .
G o ld .
T o t. M o n e y E n t ir e 1 le s .
H o ld in g s . on D ep o sits
L e g a ls .
W eek.
G r e a t B r i t a i n _____ ______ _______
.
F r a n c e .............................................................
G e r m a n y ............................... .........................
2 ,0 2 7 .8 1 5
5 ,0 0 0
2 9 ,5 3 7 ,4 4 0
4 ,0 3 0 ,1 9 5
*9 *346
5 ,8 1 8
3 7 ,9 3 2
5 9 ,9 4 6
$ 13 5 ,5 4 7
2 ,1 4 5 ,0 8 4
8 ,2 2 8
3 7 5 ,0 1 7
3 3 4 ,8 6 0
1,4 0 0 ,18 3
1,3 3 3 ,7 9 6
T o t a l 19 0 9 .................................................. $ 2 ,9 9 5 ,0 0 0 $ 6 3 ,4 3 9 ,8 0 2
T o t a l 19 0 8 ............................. ....................
3 ,0 0 0 4 6 ,0 7 6 ,7 4 4
T o t a l 1 9 0 7 - ............................................... 2 ,7 7 6 ,5 4 4 3 0 , 7 3 2 ,4 6 1
S ilv e r .
G r e a t B r i t a i n .........................................
$ 7 1 2 , 3 4 8 $ 2 1 ,7 7 8 ,6 4 7
F r a n c o __________ __
2 4 8 ,5 0 0
2 .5 3 2 ,2 5 0
G e r m a n y ________
9 ,6 4 7
W e st In d ie s _______
9 8 ,3 0 2
M ex ico .......................
S o u th A m e r i c a . . ..............
800
2 ,1 4 6
A ll o th e r c o u n t r ie s .......................
2 8 ,0 2 9
$ 1 3 0 ,8 9 6
5 7 ,6 5 5
4 6 1.7 9 0
$ 5 ,7 3 2 ,7 15
11 ,4 3 8 ,9 5 6
6 ,3 8 4 ,6 8 8
$ 7 ,4 0 9
78
8 ,2 0 0
471
2 7 ,0 5 3
3 ,3 9 1
2 4 ,1 8 8
$ 1 4 9 ,3 2 2
5 ,1 8 2
4 5 ,9 8 7
7 8 ,0 0 0
1,3 0 3 ,0 9 0
56 0 ,4 8 4
5 7 8 ,1 7 4
$ 7 0 ,7 9 0
2 1 ,0 0 0
4 8 ,3 8 8
$ 2 ,7 2 0 ,2 3 9
1,6 4 3 ,14 0
1, 0 8 5 ,4 2 3
M e x i c o _______________________________
S o u th A m e r ic a ........................ .................... $2 ,9 9 5 * 6 6 6
T o t a l 1 9 0 9 ........................................
T o t a l 19 0 8 ..................................................
T o t a l 1 9 0 7 . .......................................
$
1 3 2 ,0
2 8 ,1
0 9 0 ,1
6 5 2 ,0
8 0 ,5
1 2 ,8
5 2 5 ,4
4 4 ,6
3 3 6 ,0
1 8 3 ,2
9 3 6 ,0
5 9 ,7
9 1 0 ,0
2 3 1,0
2 1 1,4
4 4 9 ,7
$
5 9 ,0
2 2 2 ,5
3 0 3 ,5
6 18 ,0
6 9 ,0
4 5 9 ,2
4 1 ,0
6 8 8 ,7
3 8 2 ,0
7 4 ,2
1,2 7 5 ,0
8 4 7 ,2
4 7 3 ,0
7 5 ,0
5 3 ,0
3 0 ,0
$
5 1 7 ,0
8 7 ,2
4 8 5 ,1
8 6 7 ,0
1 3 3 ,0
2 3 4 ,2
5 0 1,1
4 6 4 ,5
8 11 ,0
2 8 6 ,2
2 4 8 ,4
3 0 9 ,3
6 7 0 ,0
18 4 ,0
8 0 ,4
10 6 ,8
B ro ad w ay .
M fr s .’ N a t .
M e c h a n ic s ’ .
N assau N a t.
N a t. C it y ..
N o rth S id e .
J e r s e y C it y .
F ir s t N a t ..
H u d .C o .N a t
T h ir d N a t . .
Ilo b o k e n .
F ir s t N a t ..
Second N a t.
2 0 0 ,0
2 5 2 ,0
1,0 0 0 ,0
7 5 0 ,0
3 0 0 ,0
2 0 0 ,0
5 2 4 ,3
7 8 7 ,0
9 3 3 ,9
9 5 4 ,5
5 9 8 ,5
14 1,8
3 ,1 2 6 ,1
6 ,2 8 8 ,9
10 ,6 8 5 ,7
6 ,8 4 9 ,0
4 ,4 18 ,0
1,6 7 1,4
5 8 ,5
5 5 5 ,0
2 9 4 ,5
2 9 1 ,0
118 ,0
1 3 9 ,0
4 6 1,7
16 9 ,3
1 , 8 1 3 ,6
0 0 3 ,0
6 64,0
7 6 ,3
3 0 9 ,1
1 , 0 5 6 ,5
1,2 5 1,7
1,6 3 1,0
1, 0 0 5 , 0
3 11,6
3 2 9 ,5
2 6 6 ,0
2 7 8 ,1
10 6 ,0
2 2 0 ,9
3 ,9 6 4 ,3
7 ,2 8 6 ,3
14 ,2 2 8 ,8
7 ,5 9 6 ,0
6 ,0 2 7 ,0
2 ,18 5 ,2
4 0 0 ,0
2 5 0 ,0
2 0 0 ,0
1 , 2 3 0 ,6
7 2 0 ,5
3 7 2 ,9
4 ,5 0 0 ,7
2 ,9 7 4 ,2
1 , 7 4 7 ,0
2 5 2 ,1
1 8 1 ,4
7 2 ,8
6 0 1,2
4 0 ,7
1 3 7 ,0
2 ,7 4 2 ,1
3 0 0 ,1
5 7 5 ,9
8 6 0 ,0
2 4 8 ,0
3 2 ,0
7 ,1 4 3 ,8
2 ,9 2 0 ,3
2 ,3 0 7 ,3
2 2 0 ,0
1 2 5 ,0
6 2 6 ,1
2 4 4 ,3
2 ,9 9 5 ,6
2 ,3 14 ,7
12 1,4
7 9 ,0
14 ,4
10 3 ,0
15 0 ,5
4 3 ,2
6 4 ,9
3 2 2 ,2
2 ,5 16 ,5
2 ,8 2 9 ,2
5 NASSAU S T R E E T ,
NEW YO RK
13 ,0 2 3 ,6 10 0 2 7 7 ,9 7 ,0 5 1 ,8 10 3 5 4 ,5
13 ,0 2 3 ,6 10 0 0 0 0 ,3 7 .4 7 0 ,0 9 ,9 8 3 ,3
12 ,0 0 7 ,2 9 9 ,7 5 7 ,3 7 ,7 8 6 ,2 10 2 5 6 ,2
1 5 ,3 6 1 ,9
14 ,6 5 1,3
13 ,2 3 7 ,1
4 ,6 7 8 ,0 1 2 1 1 3 3 , 9
4 ,3 6 2 .1 1 1 9 0 1 1 , 0
4 ,4 3 6 ,7 1 1 7 6 4 4 ,3
Banking and Exchange of every
description in connection with
B o ro u g h of
B r o o k ly n .
T o t . J u l y 10 8 ,6 4 7 ,0
l o t . J u l y 3 8 ,0 4 7 ,0
T o t. J u n e 2
8 ,6 4 7 ,0
1 7 9 ,6
9 0 ,9
5 ,1
2 5 0 ,6
2 5 0 ,0
2 5 ,0
4 6 .5
P h ila d e lp h ia .
^linking and financial.
W e s h a l l b e p le a s e d t o f u r n i s h
o f o u r s p e c ia l c ir c u la r d e s c r ib in g
43
to In s t it u t io n s
R A IL R O A D
and
in v e s to r s
c o p ie s
BONDS
Spencer Trask & Co*
L is te d
W IL L IA M
upon
AND
th e
o
f
f
N ew
P IN E
B ra n c h o ffic e s :
M
Boston and Philadelphia Banks.— Below is a summary of
the weekly totals of the Clearing-House banks of Boston and
$ 9 6 1,6 4 8 $ 2 4 ,4 4 9 ,0 2 1
1,4 0 4 ,2 9 0 2 2 ,0 6 9 ,9 5 3
1,13 8 ,3 4 4 2 3 ,17 1 ,8 4 8
Of the above imports for the week in 1909, $8,740
were American gold coin and S215 American silver coin.
Of the exports during the same time, $2, 995,000were Ameri
can gold coin and $800 were American silver coin.
$
1,2 3 7 ,0
1 , 4 7 7 ,8
4 ,8 0 2 ,8
5 ,8 2 2 ,0
1,0 4 1,1
3 ,2 6 5 ,9
2 ,0 6 0 ,9
3 ,9 9 0 ,9
3 ,7 8 0 ,0
1,8 6 0 ,1
8 ,3 1 0 ,6
4 ,0 0 3 ,6
5 ,3 3 8 ,0
1,9 8 9 ,0
1,15 7 ,2
1 , 9 0 9 ,1
$
1 , 2 8 0 ,0
1 '9 2 0 ,1
0 ,5 6 4 ,3
7 ’ 4 1 4 ,0
1,0 0 1,0
3 ’ 5 5 7 ,8
3^ 60 5,4
4^ 74 5,3
4 ^ 7 9 1,0
2 '2 3 5 | 4
8 15 9 2 ,0
5 ,3 0 6 ,5
6^028,0
2 ’ 10 7 ,0
1,0 6 2 ,9
1 , 8 5 2 ,5
S in c e J a n . 1
$ 1 3 ,4 4 5
4 ,4 0 9
$
2 2 8 ,2
14 9 ,6
2 4 9 ,4
4 3 9 ,7
18 2 ,7
6 8 4 ,2
2 8 4 ,2
3 1 8 ,7
4 0 2 ,2
9 3 ,8
9 6 0 ,4
4 3 9 ,9
7 6 7 ,0
2 4 1,5
1 4 2 ,0
3 14 ,2
$
W eek.
$ 1 3 ,9 5 8 ,12 0
.............. 1 3 , 8 8 1 , 2 3 2
$
10 0 ,0
W a sh I P s .
2 0 0 ,0
C e n t u r y ___
4 0 0 ,0
C o lo n ial . . .
3 0 0 ,0
C o lu m b ia . .
F id e li t y . . .
2 0 0 ,0
Je ffe r s o n ...
5 0 0 ,0
M t. M o rris .
2 5 0 ,0
M u t u a l ____
2 0 0 ,0
P la z a ...........
10 0 ,0
2 3 d W a r d ..
20 0 ,0
U n lo n E x N t 1,0 0 0 ,0
Y o r k v llle . .
10 0 ,0
C o a l& I .N a t .
6 0 0 ,0
N ew N e t h ..
2 0 0 ,0
B a t .P k .N a t .
2 0 0 ,0
A e tn a N a t.
3 0 0 ,0
2 3 0 ,7
8 0 0 ,0
Im p o rts .
S in c e J a n . 1
a
Y o rk
S T S ..
S to ck
-
Exch ange
-
N EW
YO RK
C h ic a g o , II I., a n d A lb a n y , N . Y .
&
t
W
h
i
t
e
BAN KERS
A le m b e rs N e w
Y o rk S to c k E x c h a n g e
THE R O O K ER Y
CHICAGO
T iu m n n q ic
____________
International Banking Corporation
N O . 60 W A L L
C a p it a l & S u r p lu s . $ 6 ,5 0 0 ,0 0 0
B ran ch es a t H om e an d A b ro a d .
IMPORTS AND EXPORTS
STREET.
N EW
YO RK
S p e c i a l f a c i l i t i e s fo r T r a v e l e r s
in a l l p a r t s o f t h e W o r l d .
jB a w h v rs''
(S a z id t e .
Wall Street, Friday Night, July 16 1909.
The Money Market and Financial Situation.— There have
been no developments this week affecting the security
markets as a whole. Two or three issues, specifically men
tioned below, have been conspicuous in Stock Exchange
operations during the week, but in all other particulars
the market has been dull, narrow and generally featureless.
The most absorbing theme of discussion in all business
circles has been the tariff matter, now receiving so much
legislative and executive attention at Washington. To a
greater or less extent manufacturing and other industrial
.operations are held in abeyance pending completion of the
work now before Congress and the final adoption of a revised
tariff, however diverse may be public opinion as to some of
its features, will undoubtedly result in enlarged activity in
many departments.
The 32 millions surplus reserve shown in last Saturday’s
bank statement promises to undergo a shrinkage this week
as a result of gold exports, which amount to 33, 750,000, of
the withdrawal of Government deposits from banks and of
smaller receipts of currency from the interior.
The money market is wholly undisturbed, however, by
these matters, and at home and abroad money market con
ditions remain exceptionally easy. The Bank of England
reports a further increased percentage of reserve, the latter
being substantially larger than the average at this season in
recent years, and at financial centers on the Continent similar
conditions obtain.
The open market rates for call loans at the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% to 2% . To-day’s rates on call were 1% @ 2% .
Commercial paper quoted at 3@ 3% % for 60 to 90 day en
dorsements, 3% @ 3% % for prime and 4 to 6 months’ single
/lames.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £ 108,499 and the percentage
of reserve to liabilities was 52.24, against 48.82 last week.
The rate of discount remains unchanged at 2% % , as fixed
April 1. The Bank of France shows a decrease of 6,750,000
francs gold and 2,875,000 francs silver.
N E W Y O K K C IT Y C L E A R IN G -H O U S E B A N K S .
19 0 8 .
19 0 9 .
D l/lere n c e s
fro m
p re v io u s w e e k .
A v rag es fo r
w eek e n d in g
J u l y 10 .
$
US
12 6 ,3 5 0 .0 0 0
C a p i t a l ................................
17 4 ,4 5 0 .1 0 0
S u r p lu s — ........................
L o a n s a n d d is c o u n t s . 1.3 4 8 .9 8 0 .6 0 0
4 9 .0 6 9 .9 0 0
C i r c u l a t i o n . . . ...................
1 .4 2 6 .3 3 7 .6 0 0
N o t d e p o s it s ------------2 ,2 2 2 ,3 0 0
U . S . d e p . ( ln c l. a b o v e )
3 0 9 .8 7 2 .4 0 0
S p e c ie ...................
7 8 .7 14 .9 0 0
L e g a l t e n d e r s .....................
R e s e r v e b o ld —
2 5 % o f d e p o s lta .
S u r p lu s re se rv e
S u r p lu s e x c l. U . S . d e p .
$
A v e ra g e s fo r
w eek e n d in g
Ju ly 1 1 .
19 0 7 .
A v e ra g e s fo r
w eek e n d in g
Ju ly 13 .
$
$
12 6 ,3 5 0 ,0 0 0
1 2 9 .1 0 0 .0 0 0
1 6 5 ,1 6 9 ,10 0
1 6 1 , 7 2 0 ,6 0 0
1 . 2 5 5 , 7 1 2 , 8 0 0 1,10 4 ,8 3 5 ,9 0 0
5 6 ,18 9 ,5 0 0
5 0 .3 2 1 ,7 0 0
1,3 2 8 ,3 0 0 ,2 0 0 1 , 0 7 0 ,7 5 9 ,8 0 0
12 ,6 8 0 ,0 0 0
2 9 ,2 3 8 ,4 0 0
3 0 1 ,4 9 1 ,9 0 0
2 0 1 .8 1 8 .0 0 0
7 7 ,6 3 6 ,4 0 0
7 2 ,7 4 9 ,0 0 0
In c .
In c .
In c .
D ec.
D ec.
D ec.
8 ,7 8 0 .3 0 0
3 6 ,7 0 0
7 .0 2 1 .9 0 0
3 7 ,6 0 0
3 9 5 ,7 0 0
3 4 2 ,0 0 0
3 8 8 ,5 8 7 ,3 0 0 D e c .
3 5 6 .5 8 4 .4 0 0 I n c .
7 3 7 ,7 0 0
1.7 5 5 ,4 7 5
3 7 9 ,12 8 ,3 0 0
3 3 2 ,0 7 5 ,0 5 0
3 2 ,0 0 2 ,9 0 0 D e c .
2 ,4 9 3 . 1 7 5
4 7 .0 5 3 .2 5 0
6 ,8 7 7 ,0 5 0
3 2 ,5 5 8 ,4 7 5 D e c .
2 ,5 0 2 ,5 7 5
5 0 .2 2 3 .2 5 0
14 ,1 8 6 ,6 5 0
2 7 4 ,5 6 7 ,0 0 0
2 6 7 ,6 8 9 ,9 5 0
• * H ^ n V tu M fle u re s o n S a t u r d a y m o rn in g . T h e s e ilg u re s , to g e th e r w ith th e re tu rn s
of
W
issu e d b y th e S t a t e B a n k in g D e p a rtm e n t
s lm w ln g th e c o n d itio n o f S t a t e b a n k s a n d tn ist_cco m p an ie s n o t re p o rtin g to th e
C le a r in g H o u s e , a p p e a r o n th e s e c o n d p a g e p r e c e d in g .
Foreign Exchange.— The market fell sharply early in
the week as,the result of speculative selling, offerings of bills
against gold oxports and purchases of securities abroad.
Later there was a partial recovery. Gold shipments 83,7o0,000 to Argentina.
.
...
,
To-dav’s (Friday's) nominal rates for sterling exchange
were 4 86^ for sixty-day and 4 88 for sight. To-day’s
(Friday’s) actual rates for sterling exchange
4 8J90@
4 86 for long, 4 8725@4 8735 for short and 4 8750@4 8760
for cables. Commercial on banks 4 8565.@4 857.» and docu
ments for payment 4 85@4 8560. Cotton for payment
<4 85(5)4 85% , cotton for acceptance 4‘856o @4 8o7o and
grain for payment 4 85%@4 85% .
,
To-day’s (Friday’s) actual rates for Ians bankers liancs
were 5 18 % @5 17%a for long and 6
for
short. Germany bankers’ marks were 95 1- 16@ 9o% for
long and 95 5-lG @ 95% for short. Amsterdam bankers’
guilders were 40 29@40 31 for short.
Exchange at Paris on London 25 1. 20c.; week’s range
25f. 20c high and 25f. 18%c. low.
The week’s range for exchange rates follows.
— C a b les -------------
-L o n g S te r lin g , A c tu a l —
H ig h ______ 4 8 0 3 5
L o w . ...........4 8 5 7 0
@4
@4
P a r ts B a n k e rs ’ F r a n c s —
H ig h ______ 5 1 7
@5
L o w ______ 5 18 3 4
@5
86 10
8 58 0
| 4 8765
4 8 7 10
1 6 34 • 1 5 1 6 H a
5 1 6 34rf
17 3 4 a
G e rm a n y B a n k e rs ’ M a rk s —
H ig h ..............
L o w - ...........
05 1- 16 @
94%
@
9534
95
A m ste rd a m B a n k e r s ’ G u ild e rs —
H ig h .............................................................
L o w .............................. ..............................
L e ss:
P lu s :
[VOL. LXXXIX.
THE CHRONICLE
146
a 1 - 1 6 of 1 % .
k1 - 1 6 o f 1 % .
d 1- 3 2 of 1 % .
x 1- 3 2 o f 1 % - .
----------------,v
@ 4 8770
@ 4 8720
I 4 8785
| 4 8730
@ 5 16 %
@ 5 16 %
9 5 7 - 1 0d © 9 5 7 - 1 6
9 5 5 - 16 ® 9 5 3A d
4 0 .3 4
4 0 .2 9
©
4 0 .3 6
4 0 .3 1
ft 3 - 3 2 o f l % .
„;/ 3 - 3 2 Of 1 % .
@ 4 8795
@ 4 8735
New Orleans, bank, 75c. per 31,000 discount; commercial,
$1 per 31,000 discount. Chicago, 20c. per 31,000 premium.
St. Louis, 15c. per 31,000 premium. San Francisco, 40c.
per 31,000 premium.
State and Railroad Bonds.— Sales of State bonds at the
Board 311,000 Virginia 6s deferred trust receipts at 43 to 45.
There has been an absence of notably active features in the
market for railway bonds this week and the aggregate trans
actions (only about 33,000,000, par value, on Tuesday)
have therefore been much smaller than usual. Prices
have been well sustained and 15 out of a list of 20 rela
tively active issues are fractionally higher than last week.
The market has been exceptionally narrow, however.
United States Bonds.— No sales of Government bonds
have been reported at the Board this week. The following
are the daily closing quotations; for yearly range see third
2s,
2s,
3s,
3 s,
3s,
4s,
4s,
2s,
2s,
1 9 3 0 ........... ..........re g iste re d
1 9 3 0 .............................co u p o n
1 9 0 8 - 1 8 ............. re g iste re d
19 0 8 - 1 8 _________ cou po n
1 9 0 8 - 1 8 ____ s m a ll cou po n
1 9 2 5 ......................re g iste re d
1 9 2 5 .............................c o u p o n
1 9 3 6 . P a n a m a C a n a l re g ls
1 9 3 8 . P a n a m a C a n a l re g ls
In terest
P e rio d s
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
10
12
13
14
15
16
Q— J a n
Q— J a n
Q— F c b
Q— F e b
Q— F c b
Q— F e b
Q— F e b
Q— F c b
Q— N o v
* 10 1
* 10 1)4
* 10 13 4
* 10 13 4
* 10 1
* 10 13 4
* 10 13 4
* 10 13 4
* 10 0 3 4
* 10 1
* 10 13 4
* 10 13 4
* 10 0 3 4
* 10 1
* 10 13 4
* 10 13 4
* 10 0 3 4
* 10 1
* 10 13 4
* 10 13 4
* 10 0 3 4
* 10 1
* 10 1)4
* 10 13 4
* 117 )4
* 12 0
* 10 0 3 4
*10034
* 117 3 4
* 12 0
* 10 0 3 4
* 10 0 3 4
* 117 3 4
* 119 3 4
* 10 0 3 4
* 10 0 3 4
* 117 3 4
* 119 )4
* 10 0 ) 4
*10034
* 117 3 4
* 119 3 4
* 10 0 3 4
* 10 0 3 4
* 117 3 4
* 119 3 4
*10034
* 10 0 3 4
* T h is Is th e p ric e b id a t th e m o rn in g b o a rd ;
no
Ju ly
s a le w a s m a d e .
Railroad and Miscellaneous Stocks.— In the stock market
the volume of business has again been small and the market
an uninteresting affair generally throughout the week. A
few issues have attracted attention for special reasons.
Early in the week Illinois Central advanced 5 or more
points, during which the stock was accumulated, apparently
by inside interests. No information was available as a reason
for the advance, but the movement was accompanied by
discussion of dividend prospects.
_
Later there has been a somewhat similar advance in U. S.
Steel common on a demand which on Thursday brought out
nearly 200,000 shares and to-day the price touched 72% ,
which, as is well known, is the highest quotation in its
history. Steel preferred has also been a strong feature to
day and closes with a net gain during the week of over 3
points. Aside from these movements and an advance,
which was doubtless largely sympathetic, in Louisville &
Nashville, Colorado Fuel & Iron and General Electric, the
market, as stated above, has been for the most part tame
and^uninteresting.
_
For daily volume of business see page 156.
ffiThe following sales have occurred this week of shares not
_
J- _ J ?
...
STO C KS.
C o m s to c k T u n n e l ---------G e n e r a l C h e m ic a l, p r e f . .
ilo m e s t a k e M in in g -------K a n a w h a & M ich , t r re ts
L a c le d e G a s , p r e f e r r e d ..
M S t P & S S M su b s c rip
r e t s , 2 d In sta ll p a i d . . .
L e a s e d lin e c e r t fs ____
P it t s F t W a y n e & C h i c . .
S t L & S F — C A E III
n e w s t k tr u s t c o r t f s . . .
U n ite d C ig a r M frs, p r o f.
V u lc a n D e t ln n ln ? ..............
^ P r e f e r r e d ..........................
■ H
....
...
.1 i *1
1 1!. .1 ..... i 1. ..
S a le s
fo r
W eek.
L o w e st.
m
vttL »/»L
f
t/MIf •
R a n g e s in c e J a n . 1 .
R a n g e fo r W eek.
L o w est.
H ig h e st.
H ig h e st.
2 1c .
9834
87
50
92
Ja n
A pr 30c.
J a n 10 5 ) 4 J u n e
J a n 94 34 A p r
Ju ly
M ay 6 1
Ju n e
M ay 99
J u l y 10 1 3 8 % J u l y 1 2 13 0
30 0 1 3 8
500 9 0 )4 J u l y 16 9 0 % J u l y 10 90
J u l y 1 2 17 3 3 4
Ju ly 12 17 5
36 17 5
M ay 13 8 % Ju ly
J u l y 9 13 4 J u n o
Apr
M ch 17 5
15 05%
1 6 10 6
10 18 %
16 6 5
Apr
A p r 70
M ay
Ja n 1 1 0
Feb
Ja n 7 3 )4 Ju n o
IN
800
10 0
70
10 0
50
26c.
10 5
91
5 9 )4
97
20 6 5
14 0 10 6
17 3 4
25 65
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
15 26c. Ju ly
Ju ly
12 10 5
Ju ly
16 9 1
14 5 9 )4 J u l y
Ju ly
13 97
Ju ly
Ju ly
Ju ly
Ju ly
15
12
16
14
13
16 6 2 )4
16 09
6
12
16 i 45
Outside Market.— There was little to the “ curb” market
this week. Trading, with few exceptions, was light andfof
a desultory character, while price changes were inconsider
able. Boston Consolidated from 14% sagged to 14, moved
up to 14% and scored a further advance to-day to L>%.
British Columbia declined from 7% to 7% . Cumberland-Ely
was off from 8 to 7% . Greene Cananea weakened from 9% to
9% La Rose Consolidated, one of the few active issues, was
strong and advanced from 8% to 8% , the close to-day being
at!8 7- 16. Nevada Consolidated improved from 23% toI24,
dropped to 23% and finished to-day at 23% . United Copper
common opened the week at 10% , advanced to 10%
and dropped to 9% , recovering finally to 9% . Active trad
ing continued in Giroux, the price falling from 8% to 8% ,
then jumping to 8% . A sagging movement in Goldfield
Consolidated carried the price off from 6% to 5% , but a
substantial recovery to 6 7-10 was made, with the close to
day at 6 5- 16. Nipissing advanced from 10% to 11% and
closed to-day at 11%. A feature of the industrial depart
ment was the initial trading in the stocks of the new Southern
Iron <fc Steel Co., the common selling down, w. i., fr m
17% to 16% andjup to 18% . The preferred, w. i., fell
from 54% to 53% and then rose to 55% . American tobacco
sold down from 435^to 408 and up to 410. Atlantic Gulf
& W. I. SS. Lines preferred moved up from 29% to 29%,
then down to 29 and was traded in finally at 29% . Standard
Oil gained a point to 688, and then dropped to 685. A
o-ain of 10 points to 245 was recorded by American Light &
.
The following were the rates for domestic exchange on from 103% to 102%. The offering price was 103%. West
New York at the undermentioned cities to-day: Savannah, ern Pacific 5s fell from 98% to 97% , closing to-dayJat]97% .
buvine 50c per 31,000 discount; selling, 75c. per 31,000
Outside quotations will be found on page 156.
premium. Charleston, selling, Simper 31,000 premium.
New York Stock Exchange— Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G
S T O C K S — H IG H E S T A N D L O W E S T
S a tu rd a y
J u l y 10
T uesday
Ju ly 13
M onday
Ju ly 12
W ed n esd ay
J u l y 14
A L E P R IC E S .
T h u rs d a y
J u ly 15 .
F r id a y
J u l y 10 .
S a le s of
the
W eek
S h a re s .
TW O
PAG ES
STO C K S
N EW Y O R K ST O C K
EXCH ANGE
R a n g e fo r P re v io u s
Y e a r ( 19 0 8 ) .
R a n g e s in c e J a n . 1 19 0 9 .
O n b a sis o f 10 0 -s h a re lots.
H ig h est
H igh est
R a ilr o a d s
977ft J a n 13 1 1 7 1 * J ’ l y 7
116
1 1 6 3 S 6 7 .3 5 0
tch T o p e k a & S a n ta F e
115 7 ft 1 1 6 1 2 1 1 6 U 1165ft 1157 ft 1163ft 1 1 5 3 4 116 3 8 1 1 5 3 4 I I 6I4
1, 3 0 0
J0 0 U J a n 20 10 634 J ’ i ie 2 !
D o p r e f _____________
10 434 10 4 34 10 434 1043.! 1041ft 10 4 12 IO434 10 4 34 10 434 10 434 10 4 12 1047ft
10
71ft J a n 14
13 5
J ’n e t
1,4
0
0
12
8
1ft
1
3
1
3
4
A
t
l
a
n
t
i
c
C
o
a
s
t
L
i
n
e
H
R
.
.
1
2
9
12
9
12 9
12 9
1291ft * 12 S lft 1 3 0
* 1 2 7 1 2 1291ft * 1 2 9
1 0 3 i 2 F e b 23 12 0
J ’n e 10
1 1 S 3 4 119 t g 1187ft 11 9 18 2 4 ,9 0 0 B a l t i m o r e & O h t o ______
I I S I 4 1185ft 1 1 8 3 4 119 1ft 1 1 S 3 4 1193ft 118 3 4 119 1ft $9434 9 13 4
90
A p r 12
80 » >
92
Feb i
9434 943.,
D
o
p
r
e
f
_____________
*9
4
9434
*9 4
94*4
95
*9 4
943.) * 9 4
827ft j ’n e 7
7 ,5 3 0 B r o o k l y n R a p i d T r a n s l t .
67 J a n
9
777ft 781ft
78
781ft
75
777g
771ft 7778
7 7 12 7 8 14
78
78I4
M e li 3 185'<8 J ’ n e 4
1841ft 1841ft 1 8 5 14 1847ft 1851ft 2 2 , 1 2 5 / C a n a d ia n P a c i f i c ________ r l 6 5
18 4 34 lS 3 1ft 18 4 *s 18 4
18 3 1ft 1 8 4 14 18 4
6OI4 J a n i l
6S
M ay25
*
6
5
6
7
12
*
6
5
68
V
^
a
n
a
d
a
S
o
u
t
h
e
r
n
_______
*
6
5
68
*
6
5
671ft
68
*05
67*2 * 6 5
2 15
F e b 23 £ 9 8 i2 M a y 1 2
" " " 2 1 5 C e n t r a l o t N e w J e r s e y ___
*285
29 0
§290 290
* 2 8 5 29 0
*285
290
29 0
290
*288
29 3
8 0 i4 M a y 2 0
555ft J a n
6
2 2 ,4 5 0 C h e s a p e a k e & O h i o ______
,775s 78
773ft 78
7 7 U 777ft
77*4 7 8 14
771ft 78*4
77 3 s 78
7434 A p r 1
5 7 '8 F e b 24
1,8 0 0 C h i c a g o & A lt o n R R _____
681ft 687ft
68*4 69
683ft 69
68*4 68*4
0 8 3i 6834 * 6 7 12 69
71
F e b 24
*72
7 8 i2 M c h 27
73
*72
74
D o p r e f __________________
73
*71
*70
73
75
*72
75
*73
lig JT y 6
IU 2 Ja n
2
13ft
h lc a g o G r e a t W e s t e r n ..
15ft '6 . 9 9 0
Us
1>8
112
15
S
1*2
1*4
13
i
1<2
lift
1?8
55U J n a i l
*58
5934
10 0
64
M a y l7
D
o
4
%
d
e
b
e
n
t
u
r
e
.
;------59
1
*
5
8
581ft
581ft
*
5
8
59*8
5934
593) *6 8
*55
23
J ’n e l9
37 Ja n
2 5 12
500
25
D o 5 % p r e f “ A " --------26
2 5 1" * 2 4
25
2458
241ft 2H 4 * 2 4
25
25
4
J
’
n
e
2
14i,s J a n
.
* 4 'ft
4lft
43.,.
41,_
2,0 0 0
D o 4 % p r e f “ B ” .............
43ft
4 '"
4U
4 12
434
*41ft
43S
43ft
F e b 2 3 15 7 18 J ’ n e 5
15 3 3 4 15 43g 15 37 g 15414 17 ,6 0 0 C h i c a g o M llw & S t P a u l . 1 4 1
15 4 14 1543ft 15 3 1ft 1541ft 15314' 1537ft
15 3 3 4 15 4
15 8 1ft M c h l 5 17 0 3 4 J ’n e 4
1691ft 1691." * 10 U l4 1693.t
406
D o p r e f _________________
16 9 5 s 16 9 3s * 1 6 9 1 2 169*4 1091ft 1691ft * 16 9 1 j 1693.1
* 18 2
18 4
930 C h ic a g o & N o r t h W e s t e r n 17 3 1ft F e b 24 lsb ift - j’n e 3
* 18 2
18 4
18 3
18 3
18 1
I 83I4 1831ft * 1 8 3
1 8 3 1 " 18 4
i- I e h la 1*25 J a n
5
*221
230
10 5
D o p r e f _________________ r 2u s
*221
230
* 2211" 2 3 0
* 2 2 11" 230
*221
225
221
221
A p r 22 I 6 U 2 J ’n e 8
* 15 8
16 2
C ld c S t P M in n 6s O m a h a 14 8
* 15 8
16 2
* 1 5 8 “ 16 2
* 1 5 8 " 16 5
* 15 8
16 5
16 5
* 15 3
J ’ n e 14
1661ft J a n 30 17 4
* 17 0
17 5
D o p r e f _________________
* 17 0
17 5
* 17 0
17 5
* 17 0
17 5
* 17 0
17 5
17 5
* 17 0
7 Ja n
4
4 J ’l y 6
*414
a
300 C h ic U n T r a c c t f s s t m p d
4 1"
4 1"
*4
5
4U
4I4
*4
J ’ly 12
18 U J a n 27
12
* 12 3 4 1 4
D o p re f c tfs stm p d —
400
* 12 3 4 I H 4
* 12 ift 14
12,
1212 * 1 2 1 2 14
14
* 13
791* F e b 16
US ,.a u 29
741
7 4 1, 7414
34 8 G le v e C ln C lu e & S t L —
741ft * 7 3
7414 74I4 * 7 3
741ft 7 4 's
74
74
M e n 22
4 10 5
* 10 3
...
* 10 2
10 0
D o p r e f __________________ 10 0 J a n
10 3
10 3
* 10 2
. . . . * 10 2
* 10 2
6 8U J a n
8
56 J ' n e i 4
6612
9 72 C o lo r a d o & S o u t h e r n _____
661ft 50'lft
561ft 561ft * 5 6
561ft 5 6 12 * 5 6 12 ~57
$ 5 0 12 *5612
86
M ay 1
7 b i" J a n
2
81
81
813., 8Z34
D o 1 s t p r e f e r r e d -----631
82
82
82
811ft 8134 * 8 1
82
48 2
841* J a n
7
7314
J
a
n
2
*80<4
8
1
1
2
5
D
o
2
d
p
r
e
f
e
r
r
e
d
-----801ft
*
8
0
14
8
1
8OI2
♦
8
0
U
81
4SOI4 8OI4 *8014 8 1
M a y l4
16 7 3 4 F e b 24 20 0
19 3 U
e la w a r e & H u d s o n —
2,8 6 0
19 2 U 19 3
19 2 14 19 31ft 192=8 1927ft 19 2 14 1923ft 1 9 3
19 3
* 19 2
F e b i) 680 A p r 2 2
♦ 650
680
e la w a r e L a c k & W e s t . 5 3 5
*650
680
50
6 50
680
*630
6SO $6 5 0
680 * 6 0 5
*605
54 A p r 2 0
375ft J a n
47
4 7 12
471
4,9 0 0 D e n v e r 6c R i o G r a n d e —
463,s 471ft
47
47
47
47
47
4 7 12
47
90
F e b 10
791" J a n
843.J 351ft * 8 3
72 2
86
D o p r e f ------------------------8534 5841ft 841
8 5 1" 8 5 1"
*83
86
*8 4
6 2 1* F e b 20
66 J a n 30
*60
611ft * 6 0
63
D e t r o i t U n i t e d ----------------*60 “ 63
*60
63
63
*60
*60
63
2
1
J
a n 16
16
3
,
1
5
U
J
a
n
6$
16-34
10
D
u
lu
t
h
S
o
S
h
o
r
e
&
A
t
la
n
36 0
10
161ft 161ft * 1 6
17
10
* 16
17
16
36lft J a n 1 5
i s F e b 23
3 11ft 3 2
240
D o p r e f __________________
* 3 11ft 32
32
§32
*31
32
32
• S U * 3 2 1* * 3 1
39 J ’ n e 7
365ft
223ft
M
c
h
l
l
3
6
367ft
2
5
,5
6
0
361ft
3534 363ft
337ft
3 6 13 3034
........................
....................
U
r
i
c
355ft 36 '4
36*4
65ift J ’ n e 6
36! " M o b i l
53
5 3 's
6234 5314
2 ,4 0 0 C J
D o 1 s t p r e f . ..................
527* 5 3
5234 523.i
5234 5234
53
5 3 1s
453, J ’ ne 6
2 8 12 M o b i l
*42
43
427ft 427g
800
D o 2 d p r e f __________
421ft 4234 * 4 2
43
43
421.1
43
15 0
1493ft 15 0
10 ,0 7 8 G r e a t N o r t h e r n p r e f --------- 1365ft F e b 24 15 21ft J ’l y 8
14 8 3 | 1493s 148*4 1495ft 14 8 'ij 1491ft 1483.1 I 49I4 14 9
7734
,J’u e l 5
76
l4
765ft
6
5
1ft
vld
h
12
Ir o n O re p r o p e r tie s —
7014 7634 12 ,3 8 0
*76
77
7 5 3 4 761ft
761.t 77
7534 7 6 11
17
Ja n
4
14
F e b 26
G r e e n B a y 6c W . d e b c t f B
* 14
15 3 4 * 1 4 1 2 15*4 * 14 1ft 15 3 4 * 1 4 U 1534 * 14 lft 15 3 4
64
J 'l y 9
39
F
e
b
5
9
12
60
a
v
a
n
a
E
l
e
c
t
r
i
c
...............
"
‘
706
*61
65
♦ BUM 64*
01
61
*63
65
*61
64
89 J ’ n e 1 2
8 3 is F e b
*83
90
llil)
*83
90
D o p r e f _________
*85
90
881
*35
90
883ft 88% * 8 5
J ’ n e 10
97
M ay 3 118
10 6
111
10 5
10 5
9 1 0 H o c k V a l .1 P & M C o r e t s
$ 1091ft 1091ft * 1 0 6
* 10 0
115
115
* 10 0
115
941* J ’ n e l l
88
A p r27
400 H o c k in g V a l l e y p r e f ------*93
94
93
9 3 I 9 3 l2 9 312 *931ft 95*2
*93
94
93
93
13 7
F e b ■ £.' 15 6 1 * J ' l y 1 3
l lin o i s C e n t r a l .
1621ft 153I4 15 3 *4 1 5 4 1 2 1541ft 1561ft 1 5 5 U 1 5 6 1 4 1 5 5 14 1557ft 15 5 1., 1553ft 3 3 ,6 2 0
19
Ja n
5
I D s M c h 23
15 1ft 15 3 4
n te r b o r o - M e t r o p o llt a n .
15 1ft 15 7s
8 ,3 6 0
16
16
15 1ft 153.,
15 1ft 163ft
161ft 161ft
6 23J J ’n e 2 S
487ft
38*4 M ch 2 3
48
4814 487ft 18 ,5 3 0
D o p r e f ________________
475s 4—
8 14
49** 495ft
47 12 481
4 8 12 493ft1
-■
36
A p r 16
27
F e b 24
295ft 297ft
2934 297ft
2 ,0 3 5 I o w a C e n t r a l --------------------* 2 9 1 o 30
293s 295s
2» * i 297ft
291ft 2912
62
A p r 16
5412 .Tan 4
6534 557ft
553ft 657,)
2 ,6 8 9
D o p r e f .................. .................
5534
557ft 06
55
* 5 5 1 2 56
56
56
7 9 I2 M a y 1 3
78
*76
74*4 F e b 2
C F t S & M tr c fs , p ref
20 0
771ft 771ft
78
*7 6
*77
79
78
*76
78
*76
483ft U a y l 4
37
F e b 23
453g 4 5
453ft
45
a n sa s C it y S o u t h e r n ..
4 ,6 7 0
4434 4514
4534 40
4534 46
45
451
747ft M c h 3 0
677g F e b 24
7 1* 2 7 U 2
D o p r e f _____________
1,0 10
7 U 2 711ft
713ft 713ft
* 7 13ft 7134
7 13 4 7 13 4
7 U 2 711ft
28 J ’ n e 8
19 U F e b 25
271ft * 2 5
*25
2 6 12
a k e E r ie & W e s t e r n ..
* 2 5 12 2 7 1
27
28
*25
*25
*25
27
647ft J ’ n e l 4
61
*58
48 J a n 2 3
00
xoo
60
J
D o p r e f _______________
*58
61
63
*57
*58
62
61
*58
7U 8 M a y 2 4
Ja r . 4
59
7
1
*091ft
700
L
o
n
g
I
s
l
a
n
d
________________
7
1
*691ft
*691ft
7
1
71
701« 7034
*69
71
*6 9
10 ,8 0 0 L o u i s v i l l e & N a s h v i l l e . . . il21 J a n 29 14 6 1* J ’ n e 8
14 f
14 11ft 1 4 1 3 , 1 4 1 3 4 1421ft 14 3
14 0 14 1 4 1
1 4 1 3 4 1 4 2 1 4 1 4 1 3 4 14 2
4
14 2
M c h 25 1 5 3 1 * J a n
14 5
14 6
1,6 0 0 \ / l a n h a t t a n E l e v a t e d . . .
14 6
14 6
$ 14 4
14 4
* 14 3
14 7
* 14 3
14 7
5 14 6
14 6
42 Ja n
5
J ’ly 2
18
2
0
2
0
2
5
300 I ’ T e t r o p o l lt a n S t r e e t ___
*
1
8
1
*
18
3
g
21
*185ft 22
20
20
20
20
65 Ja n
8
52
M ch 6
5 5 12 5634
1 , 6 5 2 M in n e a p o lis 60 S t L o u i s . .
5714
57
56
5 6 14 * 5 5 1 2 56
56
5612
561ft 561ft
90 J a n
8
M c h 10
81
*84
88
D o p r e f __________________
*84
*84
86
*84
88
*84
88
*84
88
8
2 14 9 1* J a n
14 2
14 2
1 , 3 7 5 M in n S t P & S S M a r i e . . 1 3 2 12 J a n
14 21ft 14 2 3 4
14 2
14 31ft 1437g 1 4 3
1431ft 14 234 14 234 14 2
7
A p r 1 3 15 9 J a n
* 15 2
15 5
D o p r e f __________________ 14 7
* 1 527ft 16 7
* 15 2
15 5
* 15 2
15 5
* 16 2 1ft 15 4 ♦ 15 2 1ft 1 5 5
«47ft
J
a
n
2
2
3 5 1" F e b 23
41
411ft
4 U 4 4234 23", 566 M o K a n s a s & T e x a s --------403.1 4 1
4034 4 I I 4 4 0 1ft 4U g
41
411ft
75U J a n 2 1
7
1
‘
F
e
b
23
*
7
2
7334
200
D
o
p
r
e
f
__________________
*
7
2
73*4
*72
74
737ft 737ft
74
733 s 73*4 * 7 2
77U J ’n e 4
66
F e b 24
7U ft 7 2 i4
3 , 7 1 0 M is s o u r i P a c i f i c _ _ 2 --------721., 721ft
723., 7234
7 1lft 7 2
7 1lft 7 2
72*4 72 3 .
J ’h e 8
5 13 8
$13 5
13 5
a sh C h a t t & S t L o u is . 12 2 U J a n
* 13 0
13 8
* 13 0
13 8
* 13 0
13 8
* 13 0
13 8
* 13 0
13 8
55
J ’ly 8
4 4 1" A n r 5
a
t
R
y
s
o
t
M
e
x
1
s
t
p
r
e
f
*53Ift
5414
*
1
*
3
0
6
*
5
3
1
"
5
4
1
54 1 ft
5 3 1" 5 U4 * 5 1
54
5 M4
5 3 1 2 53 12
203ft
M ay22
23
"
J
’
n
e
2
1
2
5
253ft
5 ,7 0 0
D o 2 d p r e f _______________
251^ 251ft
247ft 2 5
2434 251ft
25
2 5 14
2 5 14 253ft
J lie 4
1 2 0 i j F e b 24 1 3 5
13 13 4 13 2
13 21ft 13 2*4 13 1 * 4 13 21ft 13 15 ft 1327ft 13 2 1ft 13 2 3 4 1 3 2 l 4 1321ft 1 3 ,5 8 0 N Y C e n t r a l & H u d s o n .
59 J ’ n e 7
4 8 1" M ch 1 5
*
5
3
50
N
Y
C
h
i
c
&
S
t
L
o
u
t
s
------10
0
*
5
3
56
*53
55
*53
56
*53
56
55
55
10
0
F e b 20
10
0
'
F
e
b
20
* 10 0
110
D o 1 s t p r e f _____________
110
* 10 0
* 10 0
110
* 10 0
110
* 10 0
110
♦ DO
110
87
Feb 4
76I4 A p r 6
*80
85
D o 2 d p r e f _____________
85
*80
*8 0
85
*8 0
85
*80
85
*8 0
85
17 4 3 4 J ' n e l 4
15
71ft
F
e
b
24
16
9
12
16
9
12
N
Y
N
H
&
H
a
r
t
f
o
r
d
------5
5
0
* 16 8 1" 1 7 1
* 16 8 1ft 1 7 2 1 4 16 9
* 16 8
17 1
16 9
* 16 9
17 1
555ft J ’ n e 1 2
4 2 i4 F e b 24
517ft 6 2 14
3 ,2 0 0 N Y O n t a r i o & W e s t e r n .
52
5214
5 2 I4 621
52
525s
523g 52*4
94ig A D r 22
8 4i4 J a n
9 13 4 92
9 17s 923ft 18 ,6 5 0 N o r f o lk & W e s t e r n ______
893.4 8 934
893.1 907ft
901ft 9 U 4
OUg 917ft
90 J ’ l y 12
8518 M ch 26
*85
90
D o a d j u s t m e n t p r e f ___
200
91
*9 0
*38
90
90
90
*85
90
90
90
13314 F e b 24 15 4 3 4 J ’ n e l l
1 5 1 1 8 15 17 g 15 ,6 0 2 N o r t h e r n P a c i f i c __________
16 1
15 U 4 1507ft 1517ft 15 0 3 4 1 5 1 3 j 1501ft 1507ft 1503ft 1 5 2
9934 A p r 1
76
.M
ch
3
*9
4
98
a
c
lQ
c
C
o
a
s
t
C
o
.
................
*
9
5
10
0
* 9 6 1* 9 3
*9 0
97
*95
96
* 9 6 1" 98
* 10 0
10 2
D o 1 s t p r e f _____'------- 10 9 M c h 3 0 10014 J ’ n e 2 3
*99
10 1
*100 " 10 5
* 10 0
10 2
* 10 0
10 2
* 10 0
10 2
100 M c h 3 1
88
M rh 2 7
*95
10 0
D o 2 d p r e f . . ................
*96
10 0
*96
10 0
*96
10 0
*90
10 0
*9 6
10 0
12 6 ig F e b 33 1393ft M a y 4
13
7
3
4
1
3
8
P
e
n
n
s y l v a n i a _____________
7
3
,
1
9
0
1377ft
1
3
S
1
,
1 3 7 U 13 8
1381ft 13 8 3 4 13 7 3 4 1 3 8 1 2 13 7 3 4 138>4
94 F e b 4
86I2 J a n
5
93
93
800 P l t t s b C ln C h i c & S t L . _
93
93
* 9 2 1* 9 3
* 9 2 12 93
921ft 921ft
* 9 2 12 9 3
M ch 25
10 4
F e b 10 1 1 0
* 110
12 0
D o p ref
♦ 10 9 1ft 12 0
* 110
12 0
* 110
12 0
* 110
12 0
* 110
12 0
118
F e b 23 15 9 34 M a y 2 0
1543ft 1653ft 15 5 *4 1 5 7 1 2 15.534 1 573ft 15 5 3 4 1567ft 2 15 4 1ft 1663ft 154-3., 15 53« 2 3 7 ,2 0 0 | » e a d l n g . ,
93>2 J ’l y 12
89 A lc h 2 2
93
93
1 s t p r e f --------------------340 t v
*921ft 9 3 ’ ft
*9 2 34 9312
*93
9 3 12
9 31
9 3 12 93lft * 9 3
104-'>4 M a y l 3
90 F e b
99
99
2 d p r e f _______________
600
10 1
10 1
* 9 8 1* 9 9 12
101
99
9 9 12 9 9 12 *9 9
99
3 4 % J ’ l y 16
107ft F e b 24
333ft 3 4 14
3414 345ft 5 3 .5 0 0 R o c k IM a n d C o m p a n y —
,
3334
327ft 3 3 1 2
3 3 lS
33
33*8 3334
73
J ’ l y 16
675ft F e b 24
7 2 12
D o p r e f _________________
10 ,6 0 0
721ft
“
71
71
711ft
; H 4 71*4
7 0 U ‘7 1 3 4
71
73
j ’ l y 16
6514
M
ch
29
7
3
t
L
Ik
.S
a
n
F
r
,
1
s
t
p
r
e
f
.
1,8
0
0
*7U
ft
703ft
7
2
14
*68
701
701ft
701.1
70 U 7OI4
551*
J ’l y 16
.'.6
F
e
b
2
3
54I4
D o 2 d p r e f ____________
2 0 ,3 6 6
541ft
533ft
4734 48
487ft
4 8 12 4 9 12
49
48
2 8 1* J ’ n e 2
2 0 1* F e b 25
267ft 271ft
1,10 0 S t L o u is S o u t h w e s t e r n ..
*267« 2 7 U *267S 2 7
267ft 267ft
263,, 2634
27 U
7 1* 2 J ’ n e 2
47ift J a r . 6
D o p r e f _________________
2 ,6 5 0
651ft GGI4
66
055g 603ft
*663ft 6634 * 66*8 663ft
6533 655ft
1145ft F e b 24 1353ft J ’ l y 7
1 3 3 1 2 13 1lft 1335ft 1341.1 13 2 5 g 1337ft 13 2 5 s 1 3 3 1 4 1327ft 13 3 12 13 2 3 4 13 334 1 3 1 ,0 6 5 S o u t h e r n P a c i f i c C o --------J ’n e 8
118 3 4 F e b 24 1 3 7
5 ,4 2 0
D o p r e f _________________
13 3 1ft 13 4
1335ft 13 4 1s 1325ft 1 3 3 1 2 13 2 1ft 1 3 2 3 , * 13 2 3 ., 1 3 3 1 "
325ft J ’ n e 5
‘ F e b J4
3034
3U
ft
S
o
u
t
h
e
r
n
v
t
r
c
fs
s
t
m
p
d
.
17
,4
3
0
315ft
3
0
3
,
3
1
l
4
317ft
305s
3034
307ft
3U 4
3 U 4 3 114
7
1
l
2
J
’n c 7
60
J
a
r
.
5
7OI4
Do
p ref
do
69
“
9 ,4 40
693., 7 0 14
* 6 8 12 09
69
681ft
69
09
09
3734 F e b 6
30 F e b 24
3234 3 5 14
3 4 3 , 353ft 17 ,0 0 0 '■ P c x a s & P a c i f i c ------------;;2 1" 3234
327ft 33*2
33*4 3314
3 3 l2 3 3 12
42*2 J a n 18
J
'
l
y
2
16
18
3
,
T
h
i
r
d
A
v
e
n
u
e
(
N
Y
)
—
19
3
4
2
2
,3
1
0
18lft
19lft
1S
3
4
171ft
17
HU
171ft
17 14
17
153ft J a n
2
M a y 12
7
91ft
200 T o l e d o R a i l w a y s & L i g h t
* S 14
*83g 91ft
9 12
♦ Sift
* 8 12
91
9
87ft
8'8
9
54**4 A p r 19
43 F e b 26
5 0 1" 5 U 4
3 .9 5 0 T o l e d o S t L & W e s t e r n . .
5 1'ft
6 13 4
50
501ft 50 3,
6UI4 507ft
51
507ft 607ft
7414
J
a
n
4
04J4F
e
b
24
695ft
D
o
p
r
e
f
—
..................
—
691ft
693ft
2
,5
5
0
697ft
697ft
697ft
691ft
691ft
69*2 701ft
7()14 7 0 l4
F e b 15
97 J a n
2 10 7
2 ,3 5 5 T w i n C i t y R a p i d T r a n s i t
* 10 2 3 .i 10 31ft 1 0 3 1 " 1 0 3 l 2 10 31ft 10 3 3 4 10 3 3 , 10 3 3 4 10 3 1ft 10334 1 0 3 1 " 103>2
n io n P a c i f i c ----------------- 17 2 1 * F e b 24 19 51ft J ’l y u
1943.1 16 0 .5 0 0
1933ft 1041ft 19 334 19 4 1" 19 4
19 3 'ft 1933.1 19 3 *2 1945ft 19 3 U 19 4
J ’ n e 24
M ch 1 1 1 0
D o p r e f ------------------- 394
10 6 U 1 0 5
1045ft 10 5
10 51ft 1 0 ,1 0 0
1 0 3 1 " 10 4 1" 1 0 3 U 10 334 10 3 14 1037ft 10 4
3 9 1* J ’ n e 2 1
30
F e b 25
U n it R y s I n v ’ t o t S a n F r
*36
38
38
*36
*36
39
*36
39
69
A p r 29
5 0 R F e b 25
D
o
p
r
e
f
------------------------65
5
5
’
"
*
4
0
0
*
5
4
55
U
55lft 55 1
*54
57
243ft J ’n e 15
15
F e b 23
21
213ft
9 ,4 0 0
21
2 11
20*8 20l j
21
21
205ft 2 U 4
203ft 20 3,
6 13 4 J ’ n e 15
41
F e b 23
663ft 573ft
5 7 ,8 0 0
563g 58
561ft 5 7
535ft 541ft
541ft 56*4
535ft 545g
283ft M a y 7
67ft J ’ l y 1;
67ft
46 ,7 8 0 W e s t e r n M a r y l a n d ----------83ft
7
91ft
63ft
85ft
(>34
75g
712
8 12
7*4
9
127ft J a n
6 ' J ’l y 1 3
Lake E r ie ...
634
7
2 ,9 8 0 W h e e lin g
9
Gig
6
*6
51ft
81ft
9
8
8 12
257ft J a n
15 l4 J ’ly 13
DO 1 s t p r e f ------------------20
16 1., 165ft * 1 7
3 ,2 5 0
16 l2
201ft 2 1
16
17
1 8 1 2 20
15 U
15U J a n
8
61ft
J
’
l
y
1
3
*634
D
o
2
d
p
r
e
f
_____________
9
1
,
1
8
0
65
8
12
91ft
*
7
63ft
91ft
9
8 l2
91
0 12
C37g
A p r 20
3578
J
a
n
6
W
is
c
o
n
s
in
C
e
n
t
r
a
l
----------700
58
561ft 5 7
57
5 6 l2 57
57
*55
*55
58
5 7 12
*55
v fo ,
9 1?» M svftft
D o n r e f T r u s t C o c tf«
89 3,
897ft * 8 9
8 9 3 ,1 * 8 9
893., *8 9
8934 * 8 9
*8 9
8934 *8 9
A
D
H
I
K
L
P
W
S
U
HANKS AND TRUST COMPANIES— BROKERS'
B id
A sk
liu l
A sk
B an k;
____ F i f t h ............
___ F i r s t ...............
___ 1 -1th S t 11 - -
BU I
A sk
B id
B an ks
30 0
350
J e l I e r 3 o n H . 18 0
8 00
8 26
L i b e r t y ------- 53.)
18 0
15 6
L in c o ln ___ 420
17 5
A e tn a . . . . .
___ M a n h a t t a n l 3 3 5
t3d 0
F o u r t h _____ 2 2 0
685
A m e r i c a 1 1 - - 6 75
M a r k ’ t & F u l 258
___ G a l l a t i n —
34.)
360
2 .5
A m c r E x c h . 250
M e c h a n ic s ’ . 2 5 5
285
- - - - G a r f i e l d ___ 2 7 0
....
13 J
B a t t e iy P k
M
e r c a n t ile . 18 0
14
0
42
5
.
.
.
.
G
e
r
m
A
m
1
B o w e r y 1! - . 3 / 5
___ M e re h E x c h 16 0
11)0
G e r m ’ n K x 1i 450
B r o i l x B o r o l 8 )0
_
_
M
e
rc h a n ts’ . 10 J
55
0
.
.
.
.
160"
G
e
r
ln
a
n
in
11
15
6
.B r y a n t PU T
280
3 10
M e t r o p o lis 1i 3 7 5
G r e e n w ic h 11 26 5
15 0
B u tc h & Dr 110
13 5
17 5
H a n o v e r - - 54 5
. . . . M e tro p d l'n ll 18 7 *2
C e n t u r y 1I - - 1/ 0
17 5
I m p & T r a d 54 21* 5521ft Vlt M o r r ls ll- 280
C h d s e ______ 300
29J
___ Ir v in * ? N E x 18 7 1* I9 2 U M u t u a l H —
a .r r
C h a t h a m . . 29 5
7 G x -r ig U W .
§ L e s s t u a a 10 0 s h a re s.
B i d a d d a s k e d p r ic e s : n o s a le s vvero m a d e o n t h is d a y .
7s F i r s t I n s t a llm e n t p a i d ,
n S o ld a t p r i v a t e
’ S a l e a t S t o c k I3 r.ch .a n g c o r a t a u c t i o n t h is w e e k .
Banks
New Yort
B an ks
C t n l s e a E x 1C h e m ic a l . .
C it iz e n s ' C tl
C i t y _________
C o a l & Ir o n
C o lo n i a l 1 1 . .
C o lu m b ia 1 1 .
C o ir t m e r c e .
C o p p e r _____
C o rn E x D -.
E ast R iv e r .
F id e lity 1 ) . .
F i f t h A v e il
•2 0 0
425
f 15 9
13 5 9
20 0
30 0
375
18 5
245
333
12 5
16 5
4000
ASk
5h’o”
43 5
345
263
260
19 5
17 0
10 4
I9 5 "
i
10 1* 4 D e o :
10 4 D e c
11U 2 D e c
!ll7 g D e c ,
94 D e o 1
6934 D e c
l80»g N o v
68 N o v
1.29 D e o .
593ft D e o
687ft D e c
79 D e c
145ft N o v
6 8 1. A u g
/A D e c
17 18 N o v
1 5 2 1* D e c
16 4 3 ; D e o
18 5 i2 D eo
224
D ec
16 0
D ec
17 4
D ec
7ift D e c
IS
D ec
70 1* D e c
•..97; D e c
59
D ec
79
D ec
76 ' D e c
iS R ft lD e c
17 b N o v
40 1* D e o
S3I4 D e c
66 N o v
18 "., N o v
3334 N o v
36
N ov
5 13 s D e c
41
D ec
148*4 D e c
751.* N o v
17 ift D e c
40 D e c
84 D e c
l0 4 l2 D e c
>3
D ec
14934 NOV
20 D e c
491ft D e c
32 12 D e c
57 D e c
75*2 D e c
423ft D e c
72ift D e &
26
D eo
58
D ec
568g D e c
12534 D e c
15 i3 4 D ec
441* D e c
6 6 ii D e c
90 D e c
13 5
N ov
,6 H * D e c
4 3 1* D e c
7 5 1* D e o
6 7 i2 D e c
12 2
N ov
60 F e b
833ft F e b
6 9 1* M cb
7 6 l2 F e b
80 J a n
37*4 F e b
14 0 F e b
54 M ch
160 F e b
2 5 >2 F e b
10
Feb
47 M c h
3ig F e b
33ift M ch
15 1* F e b
5 ’ Feb
10 31ft J a n
13 8 J a n
13 5 * 2 J a n
18 5 J a n
114
Feb
14 0 1* J a n
Apr
•= A p r
471* J ’ n e
fcoift F e b
21
Feb
50-3ft J a n
3934 F e b
M B* Feb
420 J a n
14 U F e b
2914 M cb
321* A p r
6 Feb
IP 4 Feb
12
M ch
243g M c h
16
M ch
113 3 4 F e b
48ift J a n
8 Ja n
20
M ob
$70 J a n
62 F e b
69 M ch
12 2 1* F e b
(i-3, J a n
17 1* F e b
10
Feb
2 7 1" F e b
57
Aug
18 F e b
46 F e b
12 J a n
E4
M ay
30
Feb
87U F e b
12 0 J a n
15
Feb
20 M ch
61 Feb
79U J a n
12 3 1* F e b
17 *2 M ch
46 F e b
28*2 F e b
9734 J a n
90ift J a n
2 4 1* J a n
90 J a n
60 F e b
1283ft J a n
29ig F e b
58 F e b
74 M ch
1167ft J a n
65 S e p
90 M a y
79 M ch
10834 J a n
59 J a n
8 11* M ch
92ift F e b
78 J a n
76 J a n
10 i2 F e b
2084 F e b
1 1 J ’ne
19 i4 F e b
10
M ch
2412 F e b
C(ii4 F e b
1063ft J a n
9*8 J a n
2 5 1* M ch
1234 F e b
15 1* M ch
6 1* O c t
12
Feb
83 F e b
78*4 F e b
1 1 0 1 " M ch
(9 U A p r
15 J a n
271* J a n
034 M ch
13 M c h
5 M ch
412 MCh
12*8 A p r
0 Feb
13ift F e b
126 D e c
57*2 D e c
10 5 a o v
85 D e o
16 1
N ov
477ft D e c
66I4 N o v
88 D e c
15 7 3 4 NO V
23*2 J a n
00
M aj
97 J a n
132*4 D e c
88*2 D e c
108*4 N o w
1 4 3 *4 D e o ,
U2 D e c
!.'9 D e c
•. 5U D e c
625g D e c ,
0J
D ec
42*4 D e c
24 D e c
557ft D e c
12 21ft D e c
l'.o ift M a j
:i,'i4 D e c
; 3 ift D e c
37i 4 D e c
At A U g
l5lft D e c
f 0 D ec
/ .:i" D e c
u03ft D e c
)847s N o v
98 N o v
40 D e c
; y i2 D e c
205ft D e c
5234 D e c
24 D e c
*3
D ec
UU D e c
1534 Nov
3 8 i4 D e c
QUOTATIONS
Ban ks
N n ssau H. . .
N e w N e t h 'r i
N ew Y o rk C c
N ew Y o rk .
N 'h t & J ) a y 1 :
19 th W a r d .
N o r t h e r n __
P a c if ic H—
P a r k ------- —
P e o p le ’ s 1 1 - .
P h e n l x _____
P l a z a H-------
ASt:
Bui
A sk
BUL
B an ks
17 0
20 5
P r o d E x c h 1! 16 5
15 2
200
2 1 0 * R e s e r v e ____ _ 14 2
375
35J
750
Seab o ard . .
....
325
335
S e c p n d ___ _ 3 7 5
13 >
....
S h e r n is n . .
22 0
250
_
___ _
S t a t e H------- 2 9 J
440
16 0
___ •_ 1 2 t h W a r d .
____
110
---- 2 3 d W a r d It H u
20 0
240*
1 8 /'ft 19 5
4 0 7 12 17 2 1* U n io n E x c .
-----W a s h H ’ t s 1, 2 7 0
280
29 5
....
■ .Vest S ld o 1i 6UJ
17 5
18 5
425
....
V o r k v llle U
625
6 10
sf
1l State oaaxs.
s a l e a t t h i s p r ic e .
1 E i - d 'V k i e n d a n .i r i g h t s .
2 . . . v : jt o c l c
S T O C K S — H I G H E S T A N D LO W t S T S A L E P R I C E S
M onday
J u l y 12
S a ’u r d n ■
Ju ly 10
T uesday
J u ly 13
T h vr day
Ju ly 15 .
W ed n esd ay
J u l y 14
* 2 17
14 78
51
7978
44
101%
42%
*95
11%
80%
57%
117 %
73%
* 10 3 * 2
*227
8*4
41
34*2
17 %
*44
59
* 117 %
S a t 's
F r id a y
J u l y 16 .
+ 2 10
14 3a
5 1%
79-%
45
* 10 13 4
43
*95
11%
80%
57 %
§ 118
73*2
♦ 10 3 * 2
*225
8%
41
3 3*4
* 10
45 *2
59%
* 117 * 2
♦ 2 10
14%
14 % 14 %
5 1%
50 % 50%
8 1%
79
80%
♦
44
45
45
10 2
♦ 1 0 1 % 10 2
4 1*4 4 3
43*2
95% * 9 5
97
11
m ,
* 1%
81
80*2 8 1
58
57*2 58
118
117 % 117 %
74
74
73
10 5*4 + 10 3 *2 10 5 %
230
2 2 5 % 225*4
81.|
8%
81.1
41
41
4 1%
34%
33*2 34 %
17 %
17 %
171.1
45%
45% 46%
60
59% 69%
119
♦ 117 % 119
38*4
88
90
53 %
88%
94%
111%
*250
*101
60*4
* 12 6 * 2
§ 12 5
14 0
100* .
33*8
* 10 3 %
46%
+IO 734
* 10 7 %
5
30
59%
* 13 9
18 %
♦ 31
3 1%
* 10 4 %
43%
64%
13 9 %
22%
86%
*57
3734
*72
♦ 87*2
53%
52%
88*t
88*2
96%
93*3
111% 111%
30 0
♦ 250
1 0 4 1" ♦ 100
507s
51
12 7 % 126*4
12 5
♦ 12 4
14 0 % 139*4
100% 100%
33% ♦ 33
10 4 % 10 3 %
47%
46%
*10 73 .1
♦ 10 7 * 2
5*4
5
30
29
60*2 ♦ 5 9
14 1
♦ 13 9
18*2
18*2
34
♦ 30
3 1%
3 1%
10 5
10*1%
44»8
43*2
66
65
13 9 % 1 3 9
22%
23*8
86%
86%
61
♦ 57
37*4
38 %
♦ 72
89
87%
883.i
52
52*4
53
52%
88*4 +88*4 88% * 88%
9 3% 94%
94%
93%
1111" 111% i l l ' s
m u
*250
30 0
30 0
*250
*100
10 4
10 4
*101
51*4 52
5 1%
52%
12 7
12 7 % § 12 7 %
12 7
12 5
12 5
12 6
12 5
14 0 % 13 9 * 4 M M . 14 0 %
100% 100% iu u % 100%
*33
35
*33
35
* 10 3 % 10 4% + 10 3 %
10 4
46
40?8
46%
46-s
____
+ 10 7 3 4
* 10 7 %
* 10 7 %
* 10 7 %
5
5>4
5%
«u
30
30 '8
31
29%
61
62
64
6 1%
14 0
14 0
14 1
1397a
18 34
18 %
19
if- 1
*31
34
34
*30
3
1 7 8 33 %
3 17 ,
32%
10 4 % M f s 10 5 1., 10 5
44
45%
44%
44
647s 65
65
66*2
'4 0 12 13 9 %
13 9
22-% 22 %
22%
•n h
86%
86%
* 86%
86%
58
58
*57
61
3734 38
38
** 7V2 S
88
88
88
+88
87*2 *871.1 90
100
♦ 91
10 0
*91
16 4 %
§ 16 4
16 4
16 4
102
♦ 98
10 2
*9 8
♦ 8 4 % 85% *84% 85*2
♦ 12 13 s 12 17 8 12 17 8 12 17 s
6*4
5*2
6%
634
18 *4 19 3 4
2 0 % 20*4
♦ 1 5 % 16
15 % 15 %
♦ 63
64 %
64
64
39*4 39*2
40
40
89
89
89% 89%
80
♦ 79
79*2 * 7 9
♦ 7 3 % 74*4 +73*2 74%
10 534 10 6
10 6
10 7
♦ 12 5
12 7
12 5
12 5
15
15
♦ 15
15 *2
90
♦ 85
90
*85
86
803S
86% 86*4
♦ 10 7
108*4 10 8*4 10 8 %
♦ 1 * 4 ____
♦ 82
S8
87
87
13 4
13 5
13 6 % 13 6 %
82%
♦ 82
83
82
30*4
30
30
30
114 % 114 %
114 % 114 3 4
12
11*8 11% *11
50
♦ 45
50
*43
4 3 % 43%
43*4
10 6
10 6
10 6
106*4
§ 18 9 % 19 0
♦ 18 7
19 0
8
8*8
7%
8
*0
8%
♦ 7*4
S%
43
43
♦ 4 3% 44%
10 5
♦ 10 3
10 5*8 * 1 0 3
3 1* 4 3 1 %
3 1 * 2 32 %
1 0 1 % 10 4 % 1 0 4 * . 1 0 5
♦ 82
83
83*2 83*»
*91
16 4
*98
847a
121%
6*2
21*8
* 15
*63
38%
89%
*79
74%
* 10 6
* 12 4 3 4
* 15
*8 4
85*4
10 8 *2
2%
+80
* 13 6
82
*2 9 %
114 %
*11
*46
43*2
10 6 %
* 18 8
7%
*0
*42
♦ 10 3
3 1*4
10 4 %
8 3 14
100
16 4%
102
85%
121%
6*4
2218
16
65
39*7
8 9 *,1
79%
74*4
106*4
12 7
16 * 2
90
86*2
10 8 %
2*8
8 7%
13 7
82
30*4
11 4 * 2
12
49
44
10 6 3s
19 0
8 1S
8%
44%
10 5
32%
10 4*2
S3%
*91
100
*91
100
16 4
16 6
16 5
16 4
100
99
99
86
86*8
86
86
122
0%
0%
6%
6%
2 13 ,
21%
15 % 16 %
16
64
64's
64
38*4 39
39
38%
Sy%
89*2
89
*79*4
79*2
♦
7
2
74
. K - i +73*2
* 10 6
10 7 %
* 12 4 %
12 7
16
15
*85
+85
90
86
86
86%
86
10 8 * 2 10 8 %
10 83a
1%
1?8
* 1%
2%
*80
8 7%
13 9 34
13 7 %
82
82
29% 2978
30
30*4
115 %
115 %
12
11
60
*45
49
43
4 J3 4
43%
43%
10 6*2 10 6 *2
10 6 %
- - - - - - - - 19 0
19 0
7
7%
7
7*4
* 6%
»6U
8
44*8
44% * 4 3
44%
* 10 4
10 5
10 5
10 4 %
32%
32
32 %
32
10 434
10 4*2 10 4 % 10 6
84
83
83
83*2
-----15
53
8 13 8
113 3
10 2
433?
9 6 12
11%
8 1* 2
57*2
US
7334
105*4
230
8 12
41
30*2
17
46
60
11 8 * 2
♦ 2 16
15
* 5 1%
8 1%
44 U
* 10 1%
43%
*90
111"
81
57 %
+ 117 %
74*4
♦ 10 3 %
*225
8
41
33
* 16 %
44*4
60%
* 117
♦ 53
54
♦ 8 7*2 8 8 12
9 4% 95
111% 111%
♦ 250
30 0
♦100
10 6
50 3s 5038
12 0
12 7
♦ 12 4
12 6
14 0 % 14 0 12
♦ 100% 100%
♦ 33*2 35
10 3 * 2 10 3*2
4 7 % 47%
♦ 1 0 7 3 . ! ____
♦ 1 0 7 * 2 -----4-%
5
♦ 29
30-%
♦ 59
62
♦ 13 9
14 1
♦ 17
18
♦ 31
34
31
31
§1043,1 10 434
4 3 % 43%
6433 6434
♦ 13 8 % 1 4 1
23
23
87
87
♦ 57
Cl
3 ^ 4 39
♦ 70
88
♦ 87*4 90
♦ 53
88%
95
111%
*250
*100
50%
126*8
* 12 4
14 0
100%
33*2
* 10 3 1"
47*7
* 10 7 3 4
* 10 7 12
* 4*4
30
*59
* 13 9
18 %
*30
31
10 4*4
43*2
65
14 0
22*4
86*4
5
30%
62
14 1
18*4
34
31
10 4%
4434
66%
14 0
23
87
38 %
*70
♦ 87*2
♦ 2 16
15
♦ o il"
8034
■ HU
♦ 10 13 4
43%
♦ 90
11 * 4
8 1* 2
571.2
* 117 * 2
7334
♦ 10 3 * 2
♦ 225
S l2
♦ 40
36 *2
♦ 10 l2
♦ 4 4 12
60
1 1S *2
[VOL. LXXXIX.
JMeW York StOCK EeCOrCt—
'Concluded 'Page S
148
♦ 3 7 % 39 %
93
03%
♦ 1 2 % 13 %
♦ 76
80
♦ 110% 110*4
30
30
♦ 81
8 3%
♦ 86% 90
♦ 8 1% 8 1%
15
53
SU ,
45*2
10 2
43*4
95%
111"
81 %
68%
118
7 4 1,
10 5 %
230
8
41
36
17*9
44*4
6034
119
54
89
95%
I 1W,
30 0
10 6
51
12 7 *2
12 6
14 0 %
101
33*4
10 4 %
47*4
38
38
♦ 3 7 % 38*4
94
94
♦ 93
♦ 93
14
12% 13 % ♦ 1 3
♦ 76
80
77
75
110% 110% ♦ 110% 110*4
§30
31
§31
31
81
81
81
8 1%
90
86% 86%
♦86
80% 8 1%
80% 80%
♦ 35
38*4 ♦ 3 5
38% ♦ 3 5
38*4
♦ 38
39
38 % 38 % ♦ 3 8
39
H 7 /g 1 1 7 1 8 1 1 7 % 1 1 8
1 1 7 % 117 * 4
♦ 8 3 % 84% * 8 3
85
84% 84%
68*2 69
68% 69%
68*4 70
12 5 % 12 5*8 12 5 % 12 6 % 12 5 % 12 5 %
48
48*2
47% 48%
46*4 48
54% 5 5
55
55*2
5 1*2 55*8
♦120
121
121
♦ 118
121
♦ 119
65
65
*64
66
♦ 63*2 66
72
7 13 4 7 13 4
7 1% 7 1 %
84
84
84% 8 5
♦ 84
121
121
*120
12 4 % ♦ 120
72
85
12 4 *2
♦ 91
16 4
99
85*2
* 121%
6*2
21%
* 15
*63
38%
88*4
79%
74
+ 10 6
* 12 4 %
15
*85
85*2
10 8 %
*2
*80
13 7 %
82
*30
114 %
*11
♦ 46
43*2
§ 10 6 %
19 0
V*4
*7
*43
* 10 4
3 1%
10 4 *s
*81
37*4
3 8 14
*91
94
* 13
14
*75
80
110% 110%
*29
31
81
81
.9 0
90
80%
*M *
10*" * 1 4
38*4 + 3 5
38*2
11 7 * 4 x l l 5 %
84% *8 4
69%
69%
126*8 12 5 * 2
§47%
47
61
63*4
1 2 L *120
65
66
+ 3 10
7 1 % 7 1> r
7«l
84
84%
84
12 4 * 2 *120
+120
37%
*93%
* 13
*73
u o -%
*29 *2
80*4
*86
80%
* 14
*35
♦ 38
117 %
84
68%
12 5
46*4
5 1%
* 119
*63%
* 2 17
15 %
1,0 0 0
1 4 's * 14 %
5 1%
52
52
920
80%
80% 8 13 4 9 0 ,2 0 0
45
4 4 1" 44%
2,8 0 0
101% 10 2
10 2
20 0
43%
4 3 % 44
8 ,5 5 0
95%
9 5 1" 95%
10 0
11
11%
2 ,7 0 0
in .
8 1%
80% 8 1
5 ,5 0 0
63%
58%
1 6 ,7 2 5
117 %
117 % 118 %
750
74
72% 73%
3 ,3 0 0
10 5 % * 10 3 % 10 5%
230
+227
230
10 0
8
s>4
8
700
4 1%
41
41
1, 7 0 0
35
35
35 % 1 3 , 2 2 5
17 %
17
17 3 4
2 ,1 0 0
4 8 lj
45% 4534
3 ,0 0 0
60%
6 0 1" 6034
3 ,6 0 0
119
119
119
20 0
3778
37
94
+90
14
13 %
80
77%
110% * 110%
31
+ 29
8 1%
8 1%
90
+86
81
8 1%
* 14
38% * 3 5
38 %
38 12
116
116
86
83%
70%
7 1%
12 6 % 12 6 %
4 7 1j
47*2
5 1%
52
121
* 119
G6%
66
* 3 10
7 2%
73
85
85«4
12 4 * 2 *120
5 2 1"
88%
1117 *
300
10 4 1"
53
12 7 %
12 5
14 1
100%
35
10 4%
47%
5»*
3 1%
6 1%
14 0
18 %
34
3278
lo w *
45%
65%
1403ft
2 2 7,
87
61
38
88
90
100
16 5 %
99
86
122
w.
16
6334
39
90
SO
74 18
10G34
12 5 %
16 3 4
90
86%
10 8 %
J 1*
88
14 0
82
30
116 .%
in .
50
44
10 6%
19 0
7
8
45%
10 5
33
10 7
84%
37%
94
13 * 2
77%
IIO J4
31
8 1%
90
8 27,
1.3 5 6
7,8 0 0
4 0 ,10 0
2 .3 7 5
3 ,6 0 8
1,7 9 5
2 15
1 2 ,9 5 0
1,9 5 0
400
30 0
14 ,4 0 0
3 ,2 0 0
2.6 0 0
600
30 0
3 ,3 2 0
1 3 .8 2 5
1,8 4 0
3 1 ,5 0 0
4 ,60 0
4 ,60 0
5 .7 2 5
926
100
4 .3 0 0
100
200
4 ,4 7 5
200
1,5 0 0
700
3 ,8 0 0
4 ,8 10
1,000
1,0 3 0
4 ,30 0
2 ,4 6 0
100
200
400
100
1.0 0 0
4 .3 0 0
6.10
LO W
50 0
1,9 10
1.210
900
10 .9 0 5
700
0 ,2 6 0
1.5 2 3
469
1 .7 0 0
9H0
15.200
7 ,3 2 0
2 ,0 5 0
1,6 0 0
30 0
1,000
400
1.14 5
6 75
1. 2 0 5
12 5
5,0 0 0
38%
39
11 6 %
900
2 .2 4 0
400
m , 6 9 2.30 0
1287a 4 6 .15 3
48*2
2.6 60
62
3 7 .2 S 0
121
66
1.3 0 0
IV 1
86
12 4 1 ?
sroc ks
0
N EW Y O R K STO C K
EXCH AN GE
W eek
S h a re s .
2.100
6 ,40 0
100
R a n g e sin c e J a n . 1 19 0 9
O', b a sis o j 10 0 -s/w re lots.
R a n g e lot I ’revtous
Y e a r (19 0 8 )
H ighest
I n d u s t r i a l s M is c e lla n e o u s
19 0 J a n 20
dam s E xp ress
12 3 . F e b 24
ll l s - C h a l m e r s _
38
F e b 24
D o p r e f ____
65
F e b 26
A m a lg a m a te d C o p p e r—
3 3 t2 J a n
5
A m e r A g r ic u ltu r a l C h e m .
95*2 J a n 18
D o p ref
20% J a n 1 3
A m e r i c a n B e e t S u g a r ------82 J a n
7
D o p r e f ____
7% F e b 2 3
A m e r ic a n C a n
7 1% F e b 23
D o p r e f -----44U F e b 24
A m e r ic a n C a r & F o u n d r y
1 0 7 1s F e b 2 3
D o p r e f _________________
42i/{ J a n
5
A m e r ic a n C o t t o n O i l . —
98 J a n
7
D o p r e f ----------------------Feb 5
A m e r ic a n E x p r e s s _______ §205
6% F e b 2 5
A m e r i c a n H id e & L e a t h e r
3 4 F e b 24
D o p r e f ________________
l87g J a n
S
A m e r ic a n T e e S e c u r i t i e s .
12
F e b 25
A m e r ic a n L i n s e e d _______
29 J a n 1 2
D o p r e f -----------------------49
F e b 23
A m e r ic a n L o c o m o t i v e __
D o p r e f _________________
10 914 F e b 24
A m e r ic a n M a lt C o r p ___
5 12 J ' l y 16
_2 J a n
7
D o p r e f ________________
80 J a n
4
A m e r S m e lte r s S e c p re f B
7734 F e b 24
A m e r S m e lt in g * R e fin in g
10 1 Ja n
2
'D o p r e f ______ ______ __
226
M ch 0
A m e r ic a n S n u f f __________
95
M ch 1
D o p r e f ----------------------347a F e b 24
A m e r S t e e l F o u n d (n ew ) _
J ’n e 17
A m e r ic a n S u g a r R e f in i n g 1 2 1
12 0
J ’ n e 16
D o p r e f _________________
Feb 1
A m e r ic a n T e l e p h & T e l e g 1 2 5
«0 t2 F e b 6
A m e r ic a n T o b a c (n e w ) , p f
26 F e b 4
A m e r ic a n W o o le n
9334 J a n
0
D o p r e f ________
d A n a c o n d a C o p p e r P a r % 2 $ S3734 F e b 2 6
10 5
Apr 2
A s s o c M e r c h 1 s t p r e f ____
10 1l2 F e b 17
D o 2d p ref
$278 J a n 29
d B a t o p i l a s M in in g P a r $ 2 0
18 34 M c h 9
h le h e m S t e e l 47 F e b 24
D o p ref
B r o o k l y n U n io n G a s _____ 1 1 8
J a n 28
B r u n s w ic k D o c k & C Im p
1 3 J a n 13
237g J a n
2
B u t t e r l c k C o ----------------C e n t r a l L e a t h e r --------25 t2 M ch 2
J
D o p r e f ____________
9934 A p r 5
29 F e b 2 3
2 13 8 F e b 2 3
Col & H ock C oal & Ir o n .
C o n s o lid a t e d G a s ( N Y ) _
114 % F e b 4
C o rn P r o d u c ts R e fin i n g ._
16 % F e b 21
73% F e b 24
D o p r e f ----------------- ------45 J i n
5
C r e x C a r p e t ________________
D is tille r s S e c u r it ie s C o rp
32 % F e b 23
F e d e r a l M in in g & S m e l t ’ g
55
M ch 2
D o p r e f ------------------------80 F e b 24
F ed eral S u g a r R e f of N Y
445 M c h 2 0
D o p r e f -------------------19 0 J a n :;5
G e n e r a l E l e c t r i c --------------- 15 0 % F e b 2 3
G r a n b y C o n s M S * P ___
91
M ch 12
“ n t H a r v e s t e r s t k t r c t fs
62 J a n 3 0
D o p r e f s t k t r c t f s ___
10 9 % J a n 16
I n t M e r M a r in e s t k t r c t f s
6*8 J ’ l y 9
1S 3 4 J ’l y 9
D o p r e f ______________
In te r n a tio n a l P a p e r .
912 M c h 13
D o p r e f ------------------------4734 M ch 18
I n t e r n a t S t e a m P u m p ___
3 3 % F e b 25
D o p r e f --------------------82% J a n 30
M a c k a y C o m p a n ie s - ..
70 J a n 2 1
D o p r e f .................. ..........
69i2 J a n
9
V T a t l o n a l B i s c u i t _____
9 6 i2 J a n
2
n
D o p r e f __________
1 1 8 i 2 J a n 11
N a t E n a m e l’g & S t a m p ’g
12% F e b 24
D o p r e f --------------------82 J a n
5
N a t i o n a l L e a d --------------7 B 4 F e b 25
D o p r e f ------------------------- 10 2 3 4 A p r 2 1
N ew house M & S .P a r $ 10
$ U 2 J ln e 2 4
N e w Y o r k A i r B r a k e _____
80 F e b 2 3
N Y & N J T e le p h o n e .
§ 113
Ja n 7
N o rth A m e ric a n C o . n e w
7 2 J a n 13
" p a c i f i c M a il.
29% F e b 24
L- e o p le
l e's
's G L & C (C h ic ) 1 0 1 % J a n 13
P i t t s b u r g h C o a l C o --------10
A pr 21
D o p r e f ------------------------40 F e b 2 5
P r e s s e d S t e e l C a r ------------3 0 12 F e b 2 3
D o p r e f . . ............... ..............
96 F e b 2 6
P u ll m a n C o m p a n y _______
16 9 J a n 30
Q u i c k s i l v e r M in in g _______
15a J a n
4
D o p r e f ------------------------3
M c h 29
p a l l w a y S t e e l S p r i n g ___
3 2 % M ch 8
I t
D o p r o f _____________
97% F e b 24
R e p u b li c I r o n & S t e e l ___
16 % F e b 23
D o p ref
67*8 F e b 24
C lo s s - S h e fflc ld S te e l & Ir
68 F e b 23
O
D o p ref
10738 F e b 2 0
d T c n n e s s e c C o p p e r P a r %2 5 334 34 F e b 2 6
T e x a s P a c ific L a n d T r u s t
8 0 l2 F e b 2 3
n io n B a g * P a p e r _____
9 I4 F e b 24
D o p r e f _____________
6H J a n
8
U n it e d D r y G o o d s p * c t f s l l O u J ’ n e 2 1
U S C a s t I P ip e & F o u n d r
2438 F e b 24
D o p r e f ------------------------70
M ch 2
U n it e d S t a t e s E x p r e s s . _
82 F e b 10
U S R e a lty & Im p ro v e m ’t
64 F e b 2 3
U S R e d u c tio n * R e fln ’g
10
M ch 12
D o p r e f ------------------------2 4 F e b 24
U n it e d S t a t e s R u b b e r ___
27
F e b 24
D o 1 s t p r e f ------------------98 J a n 29
D o 2 d p r e f _____________
6 7 l2 F e b 2 5
U n it e d S t a t e s S t e e l ______
4 D 4 F e b 23
D o p r e f _______ _________
10 7
F e b 23
d U t a h C o p p e r . . . P a r $ 1 0 $3 9 18 F e b 26
V lr g in la -C a r o lln a C h e m .
4078 F e b 24
D o p r e f ------------------------- 1 1 4
J a n 19
V ir g in ia I r o n C o a l & C o k e
67 F e b 23
\ I / e lls F a r g o * C o ______ 3 0 0 J a n
5
i t e s t e r n U n io n T e l e g . _
6 4 F e b 24
W e s t ln g b ’ s e E l& M fg a sse n
7 4 F e b 24
D o 1 s t p r e f .................. .
110
M ch 3
A
B
C
U
H igh est
4 19934 M a y u
16 i2 M a y l7
6434 J ' n e * J
S 8 i8 J ' n e
4G3S J ’ lV
10 2
J ’ l y -v,
4 4 l2 J ’ n e 2.)
U7i8 J ’n e 1 1
1 4 18 M a y " '
86
J ’ne .
693s J ’l y 1 6
I I S I 4 J ’l y 16
70 % J ’n e 12
10 6 % M a y 1 1
4230
M a y 18
Ufa J ' n e 2 6
4 3 l2 J ' n e 1
42U A p r 1 3
2 0 J ’n e 14
4734 J ’n e 14
6 2 I2 J ’ n e 7
119
J ’l y 1 6
l l l 2 J ’ne
6 8 i2 J ’ u o _
897s M a y 2 0
9 7% J ’ n e "
1 1 4 i2 j ’ne
4265
A p r !.
10 5
M ay22
53
J ’l y 16
13 6
Apr
13 1
Apr .
1427a J ’n e 1 1
10 4
M a y lO
3 7 l 2 J ’n e 7
IO734 J ’n c 14
$52
M ay 8
114
J ’n e 2 6
1 0 4 l2 F e b 19
$ 512 J ’n c 3 0
33% J 'n e 5
64l*> J ’ n e 6
1 4 1 “ J ’n c 1 1
20*4 J ’ n e 12
3478 M a y 17
33*8 J ’l y 1 5
10 5 12 J ’n e 8
45% J a n
7
6 7 U J ’n e 10
16 5 L J a n
4
26% J ’n e 2
9 3 i o J ’n e 1
6 1 " M a y 25
4 l i 2 J a n 25
9 5% M a y U
93
M a y lO
§51
J ’l y 1 2
o li2 M ay 11
16 6
J ’ly 6
110
Ja n
4
8 6 i2 J ’ n e 1 4
1 2 3 “ J ’n e 3
9 Ja n
2
2753 J Iir- 2
168. J ’ n e 8
65
J 'l y 7
42*4 M a y l 2
90
J ’ly 10
8278 J ’n e 5
75 % J ’ n e lO
108% J a n 1 6
12 6
M ay 7
18 *4 J n e 8
92
J 'n e 12
90% A p r 19
11 11 2 M ay27
$6 J a n
2
92 J a n
8
14 0
J ’ l y 16
8 7 l2 J ’n e 14
3634 J a n 14
1 1 8 % A p r 12
13 *2 M a y 2 4
50 J ’ n e 8
46*8 J ’ n e 2
106!2 J ’ l y 1 5
19 1* 2 M a y 2 1
9*8 J ’l y 6
10
M a y l3
48*4 J a n
2
108 J ’ n e 4
3414 J ' n e 7
1 0 8 i2 J ’ n e 7
8 7 i2 J ’ n e lO
117
J ’n c 6
549 J a n
4
9378 J ’ l y 10
15 % J ’ n e 18
8 U4 J ’ n e 2 9
11 1% J ’ n e l2
36*9 J ’ n e 6
87G J ’n c 15
§99
A p r 30
8 5% M a y 17
17 * 2 J ’ n c 17
3 8 <s J ’ n e 17
42*2J’no 4
118
J ’ne 7
86 J ’ n e 4
72*4 J ’ l y 16
12 8 7 S J ’l y 16
$53
M ay 7
60% J ' n e 14
12 3
J ’n e28
66*4 J ’l y 1 5
330
M a y 28
7 8 i2 M a y 7
87*2 J n c l 4
12 3
J ’n e 7
16 4 J a n
§200 A u g
6 M ch
I63,s D e c
6 23j D e c
14
M ch
883S N o v
4 5 ls F e b
13
Ja n
35
Nov
781 a J a n
56 N o v
2478 A p r
9 l2 F e b
813.1 D e c
65 J a n
4 Feb
IOI4 N o v
7ft78 N o v
44 J a n
50*4 D e c
2 5 12 F e b
10 9 D e c
84*4 M ch
2434 F e b
44% N o v
97 N o v
§80 J a n
17 0
F e b 5224 M a y
8 i2 D e c
234 F e b
1 2 i 2 M ch
37*4 D e c
3 1% A u g
12 i2 F e b
17 % D e c
0 M ch
36*4 D e c
17
M ch
59% A u g
3 13 8 F e b
118
D ec
85*2 J a n
8% S e p
1 M ch
6 !i8 S e p
2 1 Ja n
8 4 '3 A u g
70 J a n
10 7
Aug
55io F e b
110-33 A u g
87-3.1 F e b
200 A p r
18 0
Aug
97*2 S e p
80 M ch
41
N ov
28 S e p
13 7 3 i A u g
98-34 J a n
13 1
N ov
10 5 F e b
1325s N o v
10 1 Ja n
9 7 l2 J ’l y
7 2 i2 J a n
82*s D e c
15 l2 F e b
97
N ov
7314 F e b
6 3% N o v
$ 271* F e b
$0 M c h
27U N o v
67 N o v
162!4 N o v
17
N ov
§26 J a n
33
D ec
102 D e c
42 D ec
2 7 1" D ec
16 7 “ D e c
20% A U g
80 A u g
4S% O c t
? 834 D e c
94
Aug
89
N ov
6 8 1* J ’ n e
100 “ J ’l y
162*4 D e c
10 9 1" J ’ l y
6 7% N o v
110*4 N o v
9
M ay
26?s D e c
13*4 N o v
65 J a n
$ 2 i2 J a n
12
Ja n
Apr
Feb
Ja n
Feb
§ 10
15 l2 F eb
76*4 J a n
15 % F e b
14*4 M ch
96 J a n
10 34 F e b
66 J a n
4 7 12 O c t
2 7% F e b
7 2 i2 N ov
69 F e b
56
J ’ly
73U F e b
111
Ja n
7834 J a n
62 J ’ ne
99 J ’n e
6 O ct
Feb
16
8 Apr
O ct
47
Ja n
13
65 J a n
62 F e b
69*8 F o b
68 J a n
10 2 J a n
7 l2 F e b
'7 0
Feb
36 F e b
87% J a n
S438 O c t
50 J a n
90 F e b
42ia M ch
24 A p r
80 J a n
b% M ch
3 6 t2 F e b
17*4 F e b
69 J a n
14 7 J a n
i2 A p r
1*2 J a n
2 3 -34 F e b
75 Ja n
14*4 F e b
63 J 'n e
36 J a n
8 7 l2 J a n
$2 5*2 F e b
45 F e b
4 Feb
4478 J a n
84 !4
78
7 1*4
97
l l ’()*2
1514
x82%
92
IO6 I4
£9%
98
122
78
40*4
10 6*2
14 %
50
15
10 2*4
17 4
13 .
3 i2
49*4
10 3
29
89*2
8 1*4
110 * 4
$52*4
84*2
0%
66*4
D ec
N ov
N ov
D eo
D ec
D ec
D ec
Aug
N ov
Ja n
N ov
N ov
N ov
D eo
D ec
D ec
D ec
D ec
D eo
N ov
D eo
D eo
D eo
D eo
N ov
N ov
N ov
D ec
N ov
D ec
N ov
N ov
17*2 F e b
665s J a n
70 F e b
30% F e b
4 Feb
16 F e b
17 34 F e b
70 F e b
42 F e b
25*4 J a n
8 7 12 J a n
020 J a n
16 F e b
*87 J an
43 J a n
52 50 F e b
41 Feb
3 8 M ch
68 M ch
8 0 ■’s
73%
90
64
15*4
39
3 7 12
10 8
75*2
68*4
114 5 a
£52%
45%
115
68
325
7 1* 4
94
12 5
D eo
Aug
Ja n
N ov
Aug
Au;
Aug
D eo
N ov
N ov
Nov
Nov
D eo
Nov
N ov
N ov
N 01
N ov
N ov
3978 Deo
HANKS AND TRUST COMPANIES—BANKERS’. QUOTATIONS.
B an ks
B r o o k ly n
B o r o u g h 1|.
B ro ad w ay U
B r o o k l y n 1iF i r s t ----------H iU s ld e l,___
H om e BkH _
H o m estea d !
M a n u f a o ’r s
M e c h a n i c s ’ll
M o n ta u k
N assau — N a t C i t y ___
Bid.
A sk
90
6350
105
410
145
____
t -95
no
110
—
420
240
140
240
290
130
125
110'
460
250
145
270
310
B an ks
B r o o k ly n
S o r th S id e H
P e o p le ’ s -----P r o ip ’ ctP k U
T e r m in a l 11U n io n U ____
T ru st Co%
N Y C it y
A s t o r ______
B an k ers' T r
B ’w a y T r - -
B id
A s}:
T r u s t C o 's
140
155
150
160
C a r n e g ie _ .
C en tra l T r C o lu m b ia . C o m m e r c ia l
C o m 'w e a l t h
E m p ir e —
E p u l t 'b l e T r
F arm L o & l
F id e lit y — .
F ifth A v T r
P u l t o n -------
90
325
750
no
160
120
100
340
____
143
N
B id
A sk
ISO
190
Y C ity
5975
270
146
275
475
1426
203
400
270
290
143
156
300
495
207
420
___
T ru st C o’ s
B id
693
160
170
K n l c k e r b ’ k r 325
L a w T I &Tr 250
165
370
725
552%
600
120
120
Ask
T r u s t C o 's
N Y L ife & T r
N Y T ru st.
B id
A sk
1090 1115
676
350
512
345
T l t l e G u * T r 500
260
365 3S5
170
1275 1300
390 US M t g &Tr 410 465
750
1215
562%
250 265
375 410
145 155
127
130
135 145
710
T rust C o‘ s
B r o o k ly n
B r o o k ly n T r
C it iz e n s ’ - F la tb u s h
F r a n k lin
H a m ilt o n
H o m e --------K tn irs C o . .
L Isl L & T r
N a s s a u ------P e o p l e ' s ___
W U fia m s b 'g
B i d a n d a s k e d p r ic e s ; n o s a l e s o n t h is d a y. , § L e s s t h a n 1 0 0 s h a r e s . I E x - r l g h t s . b N e w s t o c k , c K x - u » , .
_____
1 S a le a t S t o c k E x c h a n g e <
o—r a t a-----u c t*i o n t h i s w e e k ,
s T r u s t c o . c e r t i f i c a t e s , U B a n k s m a r k e d w i t h a p a r a g r a p h CP) a r c S t a t e b a n k s .
B id
A sk
115
135
430
140
265
275
200
200
___ |
__
110
490
300
160
290
80
6 10
315
170
100
New York Stock Exchange— Bond Record. Friday, Weekly and Yearly
J a n . 1 1 9 0 3 . t h e E x s \ a n g e m e t h o d o t q u o t in g b o n d * w a s c h a n g e d , a n d p r ic e s a r e n o w a.:
B O N D !)
N , T . S T O C K K X O H A N ftK
W e e k e n i j i .n o J u l y 1 0
IT
U
U
U
l)
U
g
S
8
8
S
S
8
S
U . N, ( io v e r n m c iu
2 s co n su l r e g is te r e d ,c t 0 3 0
2 s co n so l c o u p o n ....d l9 3 o
3 s r e g i s t e r e d ................t e lU ls
3 s c o u p o n ........................ t e ll) I n
3 s c o u s m a ll b o n d s ..t e ll) D 4 s r e g i s t e r e d .....................11) 2 0
4 $ c o u p o n ........................... 1 0 2 6
P a n C a n 1 0 - 3 0 y r 2 s .fc lt ) 3 u
F o r e i g n ( lo T e r m n r n t
A r g e n t i n e — I n t e r n a l 6 s o l 19 0 0
Im p e r ia l Ja n a n e s u U o re rn m
S t e r l i n g lo a n 4 % s ..............1 0 2 5
2 d s e r i e s 4 )3 0 ..................... 1 0 2 5
S t e r l i n g lo a n 4 s ................1 0 3 1
B e p u b o f C u b a f>s e x t e n d e b t . .
S a n P a u l o ( B r a z l l ) 6 8 t r r e c t s ’ lO
U S ot M e x ic o s 1 g 5 s ol 18 0 0
G o ld 4 s Ot 1 0 0 4 .....................1 0 5 4
tru ce
F r id a y
J u ly 16
H id
% -J
<4-J
t l- F
Vl*
VI
M -8
W e e k 's
R an g e or
L a s t H a le
A sh Low
Range
H in c e
Ja n u a ry
H ig h
Lo w
10 0 * 4 1 0 1 >3 1 0 1 * 3 J ’ l y ’ 0 9
10 1
10 2
10 2 * 4 M a y ’ 09
101% 102
10 2
J ’ l y ’ 00
1 0 1 y 102
10 2 * 3 J ’ n e ’ 09
1 0 0 y NTov’ 0 8
i V f * s i i * s % 1 1 9 y M a y ’ OU
1 1 0 % 120
12 0
J ’J y ’ 0 9
100% 101% 10 1
M a r ’ 09
ooy
04%
03%
87 y
10 2 * 3
fl* 9 4 %
98%
y -j
0334
J-D
F -A
J- J
J- J
eoy
90*4
96*8
S a le
93%
S a ls
03 y
s a le
87%
s a l e 10 2 * 3
S a le w y
........... 9 8 %
O l»s 0 4
94%
04 y
87%
10 3 %
94»,
00
04y
1
H ig li
10 1 % 10 2 v
10 2 % 1 0 3
10 2
10 3 3 ,
10 0 % 1 0 2 V
iV o y i i o y
120
121
101
101%
1C
ocy
00
9 0 % 04 y
8 9*4 0 4
80% 9 9 %
10 1% 10 4 * 3
119 2 y 9 5
97% 1 0 1
92*4 0 5
0/ $ 6 t o X
'" a n d i n t e r e s t " — e x c e p t t o r in c o m e a n d d e / a u l l e d b o n d s .
BO N DS
N. Y. STO C K E X C H A N G E
W e e k E n d in g J u l y 1 0
C e n to ! Q a E K —(C o n )
3 d p r e r in c o m e g 5 s ___ p l 9 4 c
3 d p r e t in c o m e g 5 s s t .n n p e 1.
C iia tt D iv p u r m o n g 4 s . 1 0 5 1
N o r D iv 1 s t g 5 8 .1 9 4 6
M ill G a & A t l D i v 6 S . . . . 1 9 4 7
M o b ile D i v l s t g 5 s ......... 1 0 4 0
C on K K * B o t G a c o l g 5 s 1 9 3 7
c e n t o f N J g e n ’ l g o ld 5 s . 1 0 8 7
R e g i s t e r e d . .................A 1 9 8 7
■ ^, u „U|*c k * i m p g u 5 s . . l 0 2 1 J . j
I e l f ! * 1 w l„ K ? °5 * <?u 8' 5 a 19 2 U J . j
D e h * W i l k s B C o a l 6 s . .1 0 1 2 m . n
w
& u a r 4 * a s ----- jflO lU Q-M
c i v , ■ >* I -,.0 U8 B r g e n g 4 s 1 9 4 1 M -S
a c u ic
H ee S o P a c i l l c C o
c f , . \ 0 r m o n t l 8 t « u 9 4 s . « 1 0 2 0 Q -F
~
8 1 ? a v ‘See A t l C o a s t D in e
lie s & O h io g o l d 0 s ........... a l 9 1 1 A - 0
tru c e,
d 'r t d a n
J u ly 16
W eek ’ s
R a n g e or
L a s t H ate
Bui
a sk
........... 7 6 %
........... T l \
0 0 % ...........
110
...........
10 5
10 0 %
i i o y ..,
1 0 4 % 10 6 %
12 7
12 7 %
1 2 6 % ___
...........1 1 0
L o is
76
80
89%
10 4 %
1 15
1 10 %
10 4 %
12 7
12 7 %
UO
J i i g h A'o U R ow H i g h
76
J ’ n e ’ 09
F e O ’ oe
J ’ n o '0 8
N o v ’05
A la y ’ OO
i0 1%
12 7 %
A Iay ’09
J ’l y ’ 00
1 0 0 % ........... 1 0 1
J ’n e ’09
1 0 0 % ........... 10 0 %
10 0 %
10 0
...........
89%
90%
89%
Range
H in c e
u ary 1
IJ a n
89%
19|| 5 3
54
80
SO
110 %
10 4
L27
12 6
10 9
110 %
10 6
a i)
12 7 %
110 % ,
00% 1 0 1
99% 10 0 %
80%
89%
10 2
......... . 1 0 2
J ’ n e ’ Oy
10 1% 10 3 %
114
X T h e t e a r e p r ic e s 0 n t h e
114 % 11 7
K^5 8 ....................... l y 3 i ' M-N 1 1 4 % S a l e 1 1 4 %
it>3 y vi-n
K e g i s t e r e d ..................
S t a t e a n d C ity S e c u r it ie s
1 1 4 % F e b ’ 00
U 3% 114 %
u e n f u n d i n g * i m i i t S s I 11*20 j . j
1 0 1 % S a lo i o i y
101%
D i e t o t C o lu m b ia 3 ,0 6 s . . . . l O 2 4 F - A 1 0 8
...
10 0 % 1 0 3 %
110
N o v ’08
G e n e r a l g o ld 4 % s ................ 1 0 0 2 m - s
1
0
4
%
s
a
l
e
10
4
%
10
4
%
L o u is ia n a n o w co n so l 4 s ..1 0 1 4 J - J
05
...
10 4
10 6 %
1 0 5 y D e c ’ 04
K
e
g
i
s
t
e
r
e
d
...........
1
9
0
2
.vt.d
10 3
_____ 1 0 5
A p r 00
N e w Y o r k C ity —
10 5
10 5
B ig s a n d y 1 s t 4 s . . ; ” ” ; i y 4 i j . b
8 8 % 8 9 % 8 9 % J ’ i y ’ OO
4 s w h e n a n d a s i s s u o d . 19 5 0 iVI-N 1 0 1 % s a l e
88% 9 1
10 1%
10 1* .
mo y io i
C
r
a
i
g
V
a
l
l
e
y
1s
t
g
6
s
.
.
.
.
l
U
4
i)
j
.
j
1
0
9
1
1
3
LlO
A
lu
y
’OO
4 % C o r p o r a t e H too k . . . . 1 0 5 8 M -N l o i y 102*3 i o i y
10 7 % l ib s *
101y
IUL
10 3
1 o tts C re e k B r 1 s t 4 s ..19 4 0 j . j
90
J a n ’ 00
4 % a s s e s s m e n t b o n d s . . 1 0 1 8 M -N
90
00
L 0 13 4 D e c ’ 0 8
K & A D iv l 8 t c o n g 4 8 .. 1 0 8 9 J . J
9 8 % 99% J ’ n e ’09
N e w 4 *4 8 ..................................1 0 5 7 M-N 112
S a le
09% 10 0 %
111%
112
i ’u % i i 2
2d
c
o
n
s
o
l
g
4
s
....................
1
9
8
9
j .j
9
0
%
9
3
%
N e w 4 % s ..................................1 0 1 7 M-N 1........... 10 4 * 3 10 4 %
90% A p r ’09
96% 06%
10 4 y
i04
10 4 %
W a r m S p r V a l 1 s t g 5 s . . 1 9 4 1 M -S 1 0 7 %
4 *u% C o r p o r a t e S t o c k . . 1 0 5 7 M -N 1 1 2
1 1 3 % K cU ’ 0 5
S a le
112
112
1 1 1 % 112
G r e e n b r ie r B y
d s *40 \r-N
93
06% 9 5
S e p ’ 08
4 )3% a s s e s s m t b o n d s . . . . 1 0 1 7 M -N 1 0 4 % 1 0 4 % 10 4 % J ’l y '0 9
10 1
10 4
C h i c * A l t K K r e t g T s ? . . 1 0 4 9 A -O
77%
4 % C o r p o r a t e S t o c k ___ 1 9 5 7 M -N 1 0 1
7 7 % J ’ n o ’ Oa
.
78
80
10 1
J ’ n e ’ 09
10 1
10 3
R a i l w a y 1 s t li e n 3 *38. . . 1 9 5 0 J . j
74 y . . . . .
N x S t a t e — H i g h w a y 4 s . . 1 0 5 8 M -8 i i 2 * a . . : ; : 1 1 3 % J ’ n o ’0 9
74%
75
73% 77
112 % 1 1 3 _
K e g i s t e r e d ...........................1 9 5 0 j . j
S o C a r o l i n a 4 h is 2 0 - 4 0 ......... 1 0 3
73
F e b ’ 09
J-J
10 1
....
73
73
1 0 2 y J a n ’00
10 2 * 4 10 2 * 4 C h i c B u r l * y — D e n v D 4 s 1 0 2 2 F - A
” 99%
T e n n n e w s e ttle m e n t 3 s . . 1 9 1
0534. . . .
90%
90%
J0 9 % 1 0 0 34
9 5 % F e b ’ 00
9 5 y 96%
G e n e r a l 4 s ...............................1 0 3 9 .yi-S
1 0 0 % S a le 100
V ir g in ia tu n a d e b t 2 - 3 s ...l 9 0 i J 100%
00
93
98
10 1
9 1 % M ay’ 00
91 y
I l l i n o i s D i v 3*33...................10 4 9 j . j
0
0
%
0
1
0
0
%
0
0
*
0 s d e te rre d B r o w n B r o s e tts
43
S o le
90
93
43
45
37 y
K e g i s t e r e d ........................... 1 0 4 9 J . J
9 1 % B e e ’ 0i5
I l l s D i v 4 s .............................. 1 0 4 0 J . J
K n llr o n d
1 0 1 % S a le 100
101%
10 0
io 3 %
I o w a D i v s i n k f u n d 6 s . . 1 9 1 0 a -O 1 0 5 % ......... 10 5 % A p r ’ 00
la b a m a C e n t S e e S o B y
10 5 % 10 6
S i u k i u g f u n d d s ................1 9 1 9 A -O
9 9 % 10 0 %
l a b a j l l l d l Hoe A t C o a s t B i n e
09%
09%
90% 10 1 %
N e b r a s k a E x t e n s i o n 4 8 .1 0 2 7 m -N 1 0 0 % S a le
A l b a n y A S u s a H ee D e l * H u d
100%
100%
10 0 * 4 10 2 * 4
K e g i s t e r e d ........................... 1 0 2 7 vi-N
A U e g h o n y V a lle y Am P e n n K B
101 >g A l a r ’ oo
10 1% 10 1%
S o u t h w e s t e r n D i v 4 s ___ 1 0 2 1 M -S
9 9 % ........... 9 9 %
A l l e g * W e s t h e e B u l l K & 1*
99%
99
10 0 %
J o i n t b o n d s H ee G r e a t N o r t h
A n n A r b o r 1 s t g 4 s .......... /1I 0 O6 y - j
........... 8 3 ',
8 5 y J ’ n e ’09
84
87%
D e b e n t u r e 6 s ......................... 1 01 3 .vi-N 1 0 1 % 1 0 2 % 1 0 1 % J ’ l y ’ 0 9
A t o ll X & S b e — G e n g 4 s . 1 0 0
10 1% 10 3 * 4
A -0
1 0 1 % S a ie 1 0 1 %
10 1%
10 0 % 1 0 1 %
* S t J o s c o n s o l 0 s . . 1 0 1 1 11- s
10 3
l u 3 % 103*4 i ‘ n e ’ 0 9
K e g i s t e r e d .......................... h j j i
9 0 % ......... 1 0 0 % J ’ n o ’ OO
10 3 % 1 0 3 % '
A -0
99
1 0 0 % c l i l c * E 1 1 1 r e t * im p g 4 s 1 0 5 5 J . J
8 8 % S a le
A d ju s t m e n t g 4 s ............. A 1 0 0 5 N on88
s8%
85
00
0 3 y .........
9 3 y J ’l y '0 9
92
05 y
1 s t c o n s o l g 6 s ....................... 1 0 3 4 A - 0
12 9
13 0 % 13 7
K e g i s t e r e d ..................... % 19U
A ia y ’ OO
1
29% 13 7
N ov
92*4 F o b >09
92% 02
G e n e r a l c o n s o l I s t S s . . . . 1 0 3 7 u -N
114
115
114
114
S t a m p e d ............................../i.iOOD M-N
14
1 1 5 3i
03 y 04
93 y
04
92*3 9 5%
R e g i s t e r e d ........................... 1 03 7 m -N
1
1
4
A
la
>
’
09
S u b r e c t a ( lu l l p a id ) c o n v 4 s
114
114 %
1 1 4 % S a le 114 * 8
H5
112*4 n s y
O h io * I n d c K y l e t 6 s . l O 3 0 J - J
113 % 116
1 1 3 % J ’i y ’ OO
C o u y g 4 s .................................. n ) 6 0 j -15 l l O
113 % 11 5
S a le 115%
n o
102 y 1 1 0 % C h i c a g o * E r i e
H ee E r i e
1 0 - y e a r c o n v g 0 s ........... 1917 J - J J
1 1 7 % S a le 11 6 %
117 %
10 5 % 1 1 7 %
C
h
i
c
I
n
*
D
o
u
i
s
v
r
e
f
O
s
.
,
.
1
9
4
7
j .j
1
2
8
1
2
9
1
2
8
1
2
8
12 7
12 9
D e b e n tu re s 4 s S c r le s H .lO lO F -A
00
.........
0 0 y T ' i y ’ 00
0 9 y 9 JV_
K o t u n d i n g g o l d 5 a ............1 0 4 7 J - J
113
1 1 2 % M ay ’ OO
S e r i e s K ..............
i< jjy F -A
12 % 1 1 4 %
o a y .........
osy
osy
98y osy
10 1%
1 0 1 % J ’ i y ’ OO
-N A * C . h i s t O s .lO lb j . j
E a s t O k la D i v 1 s t g 4 s ” l 9 2 8 M -S
1 0 1 % 102*4
07
08
0 7 V; J ’ n o ’ OO
97
99
1
0
4
%
M
a
y
0
9
C
h
ic
A
lii
*
S
t
P
t
e
r
m
g
6
s
1
0
1
4
j
.
j
1
0
4
1
0
5
%
10 4 % 10 5 %
. S h o r t D ln o 1 s t 4 s g ........... i0 5 b J - J
0 4 y S a le
0 4 *8
04 y
9 4 % 00*4
G e n e r a l g 4 s s e r i e s A . .# 1 9 8 9 J . J
10 4
S a ls 10 4
10 4
A tl K n o x & N
Hee L & N
10 2 % 10 4 %
K e g i s t e r e d .........................# 19 8 0 Q - J
1 0 3 % O c t '0 8
A t l a n t i c C o a s t l e t g 4 S . A 1 9 6 2 M -S
0 5 a4 S a le
05%
06% 2 6 9 4 % 0 0
G
e
n
e
r
a
l
g
3
%
s
s
e
r
i
e
s
B
.
«
1
S
8
0
J
J
...........
HO
0 0 % J ’l y ’ 09
90
” 9*2 %
1 3 2 3 4 .........
C h a r le s * S a v l s t g 7 s „ 1 0 3 u J - J
2 5 - y r d e b e n 4 s ( w i ) ......... 1 0 3 1 J . J
0 4 % S a le
94%
9 4% 2 2 9
9 4 % 04*4
S a v F & W 1 s t g o ld 6 s . . 1 0 3 4 A - 0 1 2 6 y ......... . 1 2 7
J ’ n o ’ OO
12 7
12 7
1 0 8 % ......... 10 9 % A ia y ’OO
^{*.1 C * h . W u D i v g 6 8 . . . . 1 0 2 1 J - J
10 9 % 10 9 %
......... 112 y j ’ l y ’ 09
A -O 1 1 3
.
5 8 ....................... 1 0 3 4
i a y 114
1
1
2
%
1
1
3
%
^ j* | o<S, M ° K l v D i v 6 a , . . l O 2 0 J - J
112 * 9
112 %
112 % 113 %
......... 1 1 0 % M a y ’ OO
A l a J V l l d l a t g u g o ld 5 s . . 1 0 2 8 M 'N 1 1 0
n o % 110%
101
......... 1 0 1 % J ’ n e ’ OO
,9}*}o & P a c D i v 0 8 . . . „ . . l O l O J - J
B ru n s * W 1 s t g u g 4s ..1 0 3 8 J - J
10 1% 10 1%
00
......... . 0 0 % J ’ n o ’ OO
0 0 % 00*4
C h o * P W l s t g 5 s ......... 1 0 2 1 J - J
10 9 % 110
10 0 %
10 9 %
B <fc N c o ll g 4 s ...................o l 0 6 2 M-N
10 9 4 110 %
8 0 34 s a l e
89%
89%
0
3
y
D
a
k
&
G
t
S
o
g
5
s
................1
9
1
6
J
•
J
1 0 4 % ......... 1 0 6 % M a r ’ Ob
8 11 S p O ca * G g u g 4 s . . 1 9 1 t J - J
07
........... 0 7 % J ’ u e ’ Ot,
1
0 5 % 10 6 %
07%
12 0
......... 1 3 7 % J ’ l y ’ 9
1 ) a r * S o u a s s u g 6 s ......... 1 0 2 4 j . j
A t l a n t l o & D a n v Hee S o u t h K y
H a s t * D D i v 1 s t 7 s ......... 1 0 1 0 J - J
1 0 1 % S a le 1 0 1 %
10 1*
A u s t i n * N W Hee S o u P a c i l lc
1 0 1 % 10 2 3 4
1 0 0 % ......... 1 0 1
T l 8 C & a........................................ 1 9 1 b J - J
A l a r ’ 09
10 1
10 1
L » a l t & O U lo p r lo r I g 3 % s . l 0 2 6 J - J
9 3 y 04
03 y
93% 16
93
P<t%
L a c r o s s e * D 1s t 6 s ....1 0 10 J - J
1 0 8 % ......... 1 0 0 % N o v ’0 8
O
K e g i s t e r e d .....................A 1 0 2 5 y - j
o a y .........
03
A D iy’ o o
92
03
1 0 0 % ......... 1 0 1 % M a y ’ OO
M i n o r a l P o i n t D i v 6 s ___ 1 0 1 0 j . j
101% io i%
G o ld 4 s ..................................../ t l0 4 8 A - 0 1 0 0 % s a l e
10 0 %
10 1
0 9 % 10 1%
S o M i n n D i v 1 s t 6 s . .......... 1 0 1 0 J - J
1 0 1 % ......... ; 1 0 1 %
10 1%
K e g i s t e r e d .......................A 1 0 4 8 y - j
101
102
10 0
0 9 % J ’l y ’ OS
00
10 0 %
1 0 9 % ........... 1 1 0
i f 1,8 * M in n D i v g 5 s — . 1 0 2 1 J . J
M a y ’ OO
P i t t s J u n o 1 s t g o ld O s . . . 1 0 2 2
10 9 % 1 1 0
10 8
......... 1 2 0
j
O ct ’0 1
A lii * N o 1 s t A 1 D 6 s ___ 1 0 1 0 J - D
10 1% ..
1 0 1 % J ’ n e ’ 09
10 13 4 1 0 1 7 .
P J u n & M D i v 1 s t g 3 % s l 0 2 5 M-N
8 s y 80
88 y
89
89%
1 s t c o n s o l 6 s ....................... 1 0 1 3 J - D
1 0 0 % 10'7' y 1 0 7 % J ’ n e ’ OO
P D K * W V a S y s r e t 4 s l 9 4 1 M-N
10 7 % 10 7 %
0 3*4 0 3 % U 3 y
93%
90
l l i l o * N o r t l n v c o n s 7 s ___ 1 0 1 5 u - F
114 % 115
1 1 4 % J ’i y ’ OO
S o u th w D iv 1 s t g 3 * a s . . , 1 0 2
114 % 116 %
J-J
0 0 % S a le
90%
90%
9 1%
E x t e n s i o n 4 s ........... 1 8 8 6 - 1 0 2 0 F - A
10 1
10 2
10 2
J ’ n e 'o
K e g i s t e r e d ...................... g i 9 2
10 1
10 2
91
A p r ’00
01
K e g i s t e r e d ............. 1 8 8 6 - 1 0 2 6 F - A
1 0 0 % S a le
loo y
100 y
M on on K lv 1 s t g u g 0 s ..1 9 1 0 l i
99% 1 0 1
uo
..,
1 0 5 % F e b ’ 07
G
e
n
e
r
a
l
g
o
lu
3
%8
.................1
0
8
7
M-N
9
0
%
9
2
0
2
J
’
l
y
-09
O e u O h lo K 1 s t 0 g 4 % s . . l 0 3 U M -S 1 0 2
9 0 % 94*4
10 3
J ’ n e ’UO
1
0
3
1
0
3
K e g i s t e r e d .......................» 1 9 8 7 O - F
9 3 % A p r ’ 00
C l D o r A W c o n 1 s t g 6 s 1 0 3 3 A -O 1 1 3
1133, 1 1 3
9 3% 93%
J ’ l y ’ 00
110 % 113 %
S i n k i n g f u n d 6 s . . . 1 8 7 0 - 1 0 2 9 A -O 1 1 2
..
1 1 1 % A la y ’ 0 8
O iu o K l v e r l i l t 1 s t g 5 a . l 0 3 i i J - D
113
.........
113 y 113 y
K e g i s t e r e d ..............1 8 7 9 - 1 9 2 9 A -O
110 % ..
10 0 % F e b ’ 0 0
G e n e r a l g o ld 5 s ................11137 A - 0
10 9 % 10 9 * 4
...........1 1 U% 1 1 0 % J ’ n o O b
10
8
%
1
1
2
S i n k i n g f u n d 5 s . . . 1 8 7 9 - 1 9 2 9 A -O
10 8 % 1 0 9 % 1 0 8 % J ’n e ’ 09
P l l t s O le v * T o l 1 s t g 0 s 1 9 2 2 A-O 1 1 0 % ......... 1 1 0 % M u r ’ 04
10 8
10 0
K e g i s t e r e d ..............1 8 7 9 - 1 9 2 0 A -O
1 1 0 % J a u ’ Oy
110 % n o s ,
P i t t a * W o a t 1 s t g 4 s . . .1 9 1 7 J - J
0 8 % ........... 9 8
A p r ’ 09
0 8 ” *08
D e b e n t u r e 5 s ......................... 1 0 0 0 .M-N
9 0 % ......... 10 0 % J ’ n e ’OO
S h it l s l lt y 1 s t g u g 4 % s 19 4 3 J- D
10 0 % 1 0 1
10 0
N o v ’ Ol
K e g i s t e r e d ........................... l o o u M-N
1 0 0 % A la y ’ 0 9
B e e c h C r e e k H ee N Y C & a
10 0 % 1 0 0 %
D e b e n t u r e 5 s ...................... 1 0 2 1 A - 0
10 7
1 0 9 % 1 0 7 % J ’ n e '0 0
B e l l e v A C a r H ee I l l i n o i s C e n t
10 7 % 10 0 %
K e g i s t e r e d ........................... 1 0 2 1 A - 0
10 3
J ’ n t ’07
B k l y n * .M o u ta u k Hee D o u g I
S i n k i n g f u n d d e b 5 s ......... 1 0 3 3 M-N
J ’ n e '0 9
i l l ” il* 3
113
B r u n s * W e s t Hee A t l C o a s t D
i l l " ; ii8 * »
K
e
g
i
s
t
e
r
e
d
...........................
1
9
3
3
M-N
1
0
9
...........
1
1
1
%
J
’
i
y
’
Ob
B u l l a l o N Y * K r i o Hee E r i e
^ o r t h I l l i n o i s 1 s t 5 s . . . . l 0 l o M -8
10 0 %
10 1
A p r ’09
B u l l a l o K * P g e n g 5 s . . . 1 9 3 7 M -S ........... 1 1 7
10 1
10 1%
117
M a y ’ 09
110 % 11 7 %
113 % il0 % 1 1 0
A I U D S * W e s t 1 s t g 6 s 1 02 1 M -S
119
C o n s o l 4 ) 3 8 ..............................1 9 5 7 M -N n o % u o % 1 1 1 ) % J ’ l y ’ 09
U9
lia s *
10 0
110 %
E x t & I m p s f u n d g 6 s 1 0 2 0 F -A 1 1 3 % ......... 1 1 0
J a n '0 9
A i l * W e s t l s t g 4 s g u . . 1 9 9 b A -O 1 0 0 % ___
113 4 116
10 0
J a u ’09
1
0
0
1
0
0
A s h l a n d D i v 1 s t g 6 s . . 1 0 2 5 M -S 1 2 2
......... 1 4 2 % F e b ’ 0 2
O l A M a li 1 s t g u g 0 s ___ 1 9 4 3 J - J
1 1 6 % ........... 1 0 3
J o y ’ OS
A U c h D i v l s t g 6 s ........... 1 0 2 4 J - J
1 2 1 % ......... 1 2 3 % A p r ’ OO
B o o h * P it t s 1 s t g 0 s .. . 1 9 2 1 F -A
122% 1 2 3 %
118
1 1 8 % 1 1 8 % J ’ n e ’ 09
_ . J u c o m e s ............................... l o l l M-N 1 0 1
......... 10 3 % i A ia y ’ OO
C o n s o l 1 s t g 0 s ................1U 2 2 J -D 1 2 0 % 1 2 1 % 1 2 1 % J ’ n e ’OO . . . . i ' l i s y i V o ”
10 3 % 10 3 %
118 % 12 1%
O h io K o c k l s l * P a c 6 s . . . 1 0 1 7 J - J
1 1 3 % ......... 1 1 3 %
113 %
B u l l a l o * S o u t h w e s t , H ee E r i e
113 % 114 %
l t o g i s t e r e d ........................... 1 0 1 7 J - J
113 % 114
1 1 2 % J ’ l y ’ Os
B u d * S u s a 1 s t r e t g 4 s .< 1 1 0 5 1 J - J
........... 8 8
8 9 34 M a y ’ OO . . . .
8
7
%
0
0
G
e
n
e
r
a
l
g
o
ld
4
s
.....................1
0
8
8
J
J
lo o
S a le 1 0 0
10 0
Bur C K * N
Hee O K I * P
60 9 9 % 1 0 1 %
K e g i s t e r e d ........................... 1 0 8 8 J - J
........... 1 0 0
10 0 % A p r ’0 9
la u S o l o t o x t 0 s ............... 1 9 1 3 J - J
10 0 % 10 6 % 100% 1 0 0 %
99% 10 0 %
7 10 0 % 1 0 7
R e f u n d i n g g 4 3 ...................1 0 3 4 A - 0
92
S a le
0 1%
92%
'2 d 6 s .......................................... 1 9 1 3 VI- s
90% 94
.............. 0 2 % 1 0 2 % J ’n o ’OO
10 2
10 3
C
o
ll
t
r
u
s
t
S
e
n
o
s
H
4
s
.
.
1
0
1
0
M
-N
90
..........
07
J ’ l y ’ 04
R e g i s t e r e d ........................... 1 9 1 3 v l-S
........... 1 0 2 % 10 0 % M u y ’ 0 7
J 4 s .......................................... 1 0 1 2 M-N
97
........... 0 7
J ’ n e ’ OO
C a r b & S h a w n Hee i l l C e n t
97
97
M - l s ..........................................1 0 1 6 M-N
9 4 % ........... 9 4 % A la r ’ 09
C a r o lin a C e n t A e # S e a b A ir D
94% 9 4 %
N 4 s .......................................... 1 0 1 6 M-N
9 0 V j ..........
0 3 % F e b ’ 09
C a rth a g o * A d n ee N Y U A H
9 3% 93%
O 4 s ........................................... 1 0 1 7 M -N
93% 96% 95
F e b ’ 09
C e il K l u F * N H ee B C K * N
05
05
D 4 s .......................................... 1 0 1 8 M -N
9
„ 2 %. 9 6 % 8 4
A u g ’07
C e u B r a u c n B y Hee M o P a c
C h i c It, I * P a o K K 4 s . .2 0 0 2 M -N
8 0 % S a le
80%
80%
C e n t ot G a U lt 1 s t g 6 a ..p l0 4 6 F -A
76% 82%
1 1 6 % ........... 1 1 6 % F o b ’ 09
115 % 110 %
R e g i s t e r e d .......................... 2 0 0 2 M -N
C o n s o l g o ld 5 s ..........
1 9 4 0 M-N 1 1 0 % S a le
80
80
80
80
110% 110%
6 10 8 % 1 1 1 %
C o ll t r u s t g o ld 5 s ........... 1 9 1 3 M -S
9 3 % S a le
03
93%
K e g i s t e r e d ................... ‘ " " 1 9 4 5 M-N
8 7 % 04*4
113
A p r ’ O0
B u r C ed K * N o rth ern —
1 s t p r e t in c o m e g 6 s ...V w l 0 4 0 OCt
........... 9 0
0 0 % J ’ u e ’0 0
00%
C on 1 s t * col t r g 6 s ...1 9 3 4 A -0 1 1 4
S t a m p e d .......................
115
A ia y ’ OO
118
115
117
00
K e g i s t e r e d ....................... 1 0 3 4 a - 0
1 2 0 % A I a r ’ l>3
2 n p r e t ln e o m o g 'fis '.'.'.’. p i O i s O ct
........... 8 0
81
8 1 ‘ "2 6
84
C K l F * N W l s t g u 6 8 . 1 9 2 1 A -O 1 0 8
1
1
1
N
o v ’ 05
. 2 d p i e t ln c o m o e 5 s s t u m p e d
8 3 % J ’ n o ’ 00
84
M * a t D 1 s t g u g 7 s ..1 9 2 7 J-D
A
y 103*3
L
i) 118 C lil,l,A X E O | j8
S tre e t R a ilw a y
B r o o k l y n K a p T r g 5 s ......... 1 04 5
1 s t r e f u n d c o n v g 4 s ___ 2 0 0 2
B k C lt y ls t o o u 6 s .19 16 .19 4 1
B k y c o * S c o n g u g 6 s .10 4 1
B k ly n U n E l 1 s t « 4 -5 3 .19 5 0
S t a m p e d g u a r 4-O s___ I 9 6 0
K in g s C o E l l s t g 4 s ....19 4 0
S t a m p e d g u a r 4 s ........... 1 9 4 9
N a s s a u E l e c g u g 4 s ___ 1 9 5 1
C o n n K y * D l s t * r e f g 4 % s ’6 1
S t a m p e d g u a r 4 % s ............1 9 5 )
D en C on T r C o 1 s t g 6 s ...1 9 3 3
D o t U n i t e d 1 s t c o n g 4 % s ,1 0 3 2
H a v a n a E le c c o n s o lg 6 s .l0 5 2
l l n t e r - A I e t c o ll 4 % 8................. I9 6 0
lln t e r K a p T 3 -y r c o n v 0 8 .1 9 1 1
| I n t o r n a t T r a o c o ll t r 4 s . . 1 9 4 0
■ M a n ila K lc o 1s t * c o ll 6 3 .1 9 6 3
A -O
J.J
J.J
M-N
F -A
F -A
F -A
F -A
J-J
J.J
J-J
A -O
J-J
F -A
A -O
M .N
J-J
M -S
* N o p r ic e F r i d a y ; l a t e s t t h i s w o r k .
10 6
85%
10 3
90
10 3 %
10 3 %
87%
87 %
81
10 1%
10 2 %
80
80%
10 1%
...........
...........
10 7
10 7
85%
80
10 3 % 10 3 %
99% 99%
10 3 %
10 5
10 3
87%
S a le
88
87%
82
83
10 2 % 10 2
10 2 %
06
82
82
02
92
SO
S a le
S a lo
10 1
72
72%
08
H F la t . a D u e . l a a
B O N D S — C o n tin u e d o n N e x t P a g e .
-S tre e t H a l l w a y
M et S t K y g e n c o l t r g 6 s .19 9 7 F -A
84
l t e t g 4 s ..................................... 2 0 0 2 A - 0 * 4 7
B w a y * 7 t li A v 1 s t e g 5 s 1 9 4 3 J - D
10 3
10 6
C o l * 9 t h A v I s t g u g 6 s . 1 9 9 3 M -S
10 5
L e x A v * P F i s t g u g 5 s 1 0 9 3 M -S i ’o o '
T h ir d A v o K K c o u g u 4 s 20 0 0 J - J
68
C e n t T r C o c e r t fs s t m p d ...
69
S a le
T h ir d A v e K y 1 s t g 6 s ..1 9 3 7 j - J
10 9
111
N O rl K y & D t g e n 4 % s . . 1 9 3 5 J - J
85%
S t J o s K y D t H * P 1 s t g 6 s ’ 3 7 M-N i o i "
S t P a u l C ity C a b co n g 6 s . 19 3 7 J - J
T r i- C it y K y * D t 1 s t 8 f 6 8 .19 2 3 A - 0
........... 9 8
8 1% 85
U n d e r g r o u n d o f D o n 5 s . . . 1 9 2 b M -N
09% . . . . .
89
02
4 % s ............................................... 1 9 3 3 J - J
84% 80
76
8 1%
I n c o n i o 6 s ................................ 19 4 8
30% 37
10 3
10 4 %
U n io n E l ( C h ic ) 1 s t g 6 s . . 1 9 4 5 A - 0
72
72%
U n it e d K K s S a n F r s f 4 s . 1 9 2 7 A - 0
77
S a le
U n it e d l t y s S t L l u t g 4 8 . 1 9 3 4 J - J
86%
ab u o sp r
# D a s A D .y t D u 0 . i ’ n o / t D u e a ’l y ' x B u e A u g
o D a e O ct
J ’n e ’ 09
80
10 3 %
M a r ’ Ol
10 4
J ’ne-Ofi
87%
J ’l y ’ 09
82
10 2
10 2 %
J ’n e ’ OO
82
J ’ n e ’ OO
8 1%
10 1%
j ’ n e ’ Ob
A iay'U b
10 2 4
8 1%
10 2 4
00%
10 0 *4
10 2 4
80
85
78%
10 2
10 1%
10 8
89%
10 5
99%
10 6
10 3
87%
88
84
10 2 %
10 2 %
92
92
4 3 % J ’l y ’ 09
10 4 %
10 4 %
10 0
J ’ n e ’ OO
10 0 % j ’ n e '0 0
7 0 % J ’l y ’ 0 9
07%
09%
10 8
J ’l y ’ 0 9
8 5*4
8 5%
08 N o v ’08
1 1 0 % N o t’0 b
0 8 A p r ’ OO
84%
84%
30%
87
84
O c t ’ OS
70
77
85
J ’n e ’09
p D ae N
ot
8 1%
43%
10 3
10 0
10 0
65%
63%
10 8
88%
88
6 3%
10 5 * 1
10 2 %
10 2 %
72%
72 *4
115 %
86%
08
98
78%
22
08
93
83
37%
72** " 7 0 S
84% 8 3
fO p tA o n o g l* .
[VOL. LXXXIX.
New York Bond &6 C0rd “ Continued— Page 2
150
H O N D .4
N. Y . STO CK E X C H A N O E
W k k k E n d in g J u l y 1 0
W eek? s
R an ge or
L a s t D a le
P r ic e
F r id a y
Ju ly 16
Low
H ig h
is m
j
oto H ig h
O h io H o c k 1 * P a e — ( C o n )
10 2
A u g ’09
10 4 4 ...
Choc O h * G gen g 5 s .o l9 19 J - J
111
A p r ’ 09
111
111
...........
1
1
1
4
M
-N
C o n s o l g o ld o s ................. 1 9 5 2
10 5
M a r ’ OS
10 3
10 5
K e o k * J i e s M l s t 5 s . . . . 1 9 2 . 1 A -O
C ln o S t E & N O D ee IU C e n t
C lilc S t I* & P i t t s D ee P e n n Of
12 9 4
1 2 9 4 12 9 4 12 9 4
12 -8 4 1 3 0 4
C h i c S t P M * O c o u t i s . . . 1 9 .1 0 J - p
93
D e c ’03
92 4 .. . .
C o n s 6 s r e d u c e d to 3 4 s . 1 9 8 0 J - D
1 2 8 4 J ’l y ’ 09
....
12 8 4 1 2 9 4
O h S t P * A lln n 1 s t g 6 s 1 9 1 b M-N 1 2 8
1 2 9 4 A la y ’ 09
12 7
....
12 9 4 12 9 4
N o r W is c o n s i n 1 s t 6 s . . . 1 9 3 0 J - J
1 1 5 4 A la y ’ 09
1
1
5
4
1
1
7
1
1 5 4 119
A
0
S t P * S C ity 1 s t g 6 s ... 1 9 1 9
1 1 2 4 A p r ’09
112
112 4
C l u e * W e s t l n d g o u g O s < 719 3 2 Q-M 1 1 0 4 . . . .
. . . . . . 9 4 7s 9 5 4 J ’ n e ’ 09
9 5 4 98
r. j
C o n s o l 5 0 - y e a r 4 s ..............1 9 o j
C l u e * W M i c h D ee P e r e A la r q
C h o c O & G u l f D ee C I t I * P
113
O c t ’ 00
10 1
.
C ln H & D 2 d g o ld 4 4 s . . . 1 0 3 7 J - J
1 0 7 4 J ’ n o ’ 09
95
10 7 4
C l n D * I 1 s t g u g 6 s . . . 1 9 4 1 M-N 1 0 9 4 .
80
.
C K i n d * I t W l s t g u 4 s g . ’ 2 3 U -N
70
A u g ’ 08
93
.
C ln 1 * \V 1 s t g u g 4 8 . 1 9 5 3 J - J
9 6 4 J a u ’ 09
96 4 96 4
10 9 4 ■
In d D e c * W 1s t g 5 s ...1 9 3 5 J - J
1 0 7 4 D e c ’ 02
l o t g u a r g o ld 6 s ................1 9 3 6 J - J
0 I S t E & C D ee C O O * S t L
C ln S & C Dee C C C S t E
U le a r t le ld * M a li D ee D R * P
97 4
98
97 4 98
9 7 4 9 8 76
C l e v C i n C * S t E g e n g 4 s 19 9 3 J-D
95
9 6 4 9 7 A la y ’ 09
95 4 97
C a i r o D l v 1 s t g o ld 4 s . . . . 1 9 3 9 J - J
9 4 4 J ’ l y ’ 09
92
.........
94
95
C ln W * J 1 D i v 1 s t g 4 8 . 1 9 9 1 J - J
9
6
4
S
a
l
e
9
5
4
9
0
4
95 4 9 7 4
S t L D i v 1 s t c o l t r g 4 s . . 1 9 9 0 M -N
91
O ct ’07
R e g i s t e r e d ........................... 1 9 9 0 U-N
92
F e b -0 8
96
..
S p r * C o l D t v 1 s t g 4 s . . 1 9 4 0 M -S
98
S e p ’00
94
..
W W V a l D i v 1 s t g 4 s . . . 19 4 0 J - J
A p r-0 9
10 6
10 6
O I S t E * C c o n s o l 6 s . . 1 9 9 9 M -N 1 0 5 ‘ a ........... 1 0 6
984
9 8 ®g
9 8 4 9 8 Tg
9 8 4 -
1 s t g o ld 4 s ......................... A ;19 3 6 Q -F
9
7
O
c
t
’
Os
9
8
.
.
R e g i s t e r e d ...................t e l9 3 6 U -F
1 0 9 4 A la y ’ 09
10 9 4 -
IU9 4 1 0 9 4
C m S * C le o n 1 s t g 5 s . . 19 2 8 J - J
1 1 4 4 Sep ’03
Ill
..
O' C O * 1 c o n s o t 7 s ........... 1 9 1 4 J - D
C o n s o l s i n k f u n d 7 s ___ 1 9 1 4 J - D
13 0
N o v ’ 08
12 7 4
G e n e r a lc o u s o lg o ld 6 s . 19 3 4 J - J
R e g i s t e r e d ....................... 1 9 3 4 J - J
9 4 J ’l y ’08
95
10 1
m d B l * W 1 s t p ro f 4 8 .19 4 0 A -0
0 I n d * W 1 s t p t 5 s ...( t l 9 3 8 Q -J
........... 9 3
9 6 J ’ n e ’ 09
96 4
1 e o * E a s t 1 s t cou 4 s ...1 9 4 0 A -0
6 2 4 S a le
524
66
50 4
I n c o m e 4 s ............................. 1 9 9 0 A p r
C l e v & A l a r i e t t a Dee P e n n R R
O le v * P i t t s D ee P e n n C o
84
H alo
83
80
87 4
C o l M i d la n d 1 s t g 4 s ........... 1 9 4 7 J - J
9 7 4 9 8 4 98
9 7 4 99
C o lo r a d o * S o u 1 s t g 4 s . . . 1 9 2 9 F - A
9
9
4
S
a
le
98>«
9
6
4
1
0
0 4
R o t u n d * e x t 4 4 s ............1 9 3 5 M -N
C o lu m * G r e e n v D ee S o R y
C o l * H o c k VaL Dee H o c k V a t
C o t & T o l Dee H o o k V a l
C o l C o n n & T e r m D ee N * W
C onn & P a s R i v s 1 s t g 4 8 .19 4 3 A -0
95
J a n ’ 09
95
95
10 0
C uba K it I s t 5 0 - y r 5 g .„ .1 9 5 2 J - J
a k *G tS o
e e e C A l* S tP
a l i a s * W a c o Dee A 1 K * '1
D el E a o k * W e ste rn —
I 1 3 * a J ’ n o ’ OP
..
llS * t 114 * 8
A lo r r t 3 * E s s e x l s t 7 s . . . 1 0 1 4 M -N 1 1 5
U 0 4 H 6 4 116 4
116 4
116 -4 117 * 8
1 s t c o n s o l g u a r 7 s ......... 1 9 1 5 J - D
J ’n e ’ 05
R e g i s t e r e d .......................1 9 1 6 J - P - 1 1 6 4 .......... 1 2 7
94
0 6 3. 9 6 4 -M ai’ 0 9
9 3*8 9 6
1 s t r e l g u g 3 *28.............. 2 0 0 0 J -D
119
.......... 1 1 9 4 J ’ u o ’ OO
U 9 * a l2 1
N Y E a c k * vV 1 s t 6 s . . . 1 9 2 1 J - J
1 1 0 4 1 H 4 1 1 0 4 J ’ l y ’ 09
110 4 112 3 8
C o n s t r u c t i o n 5 s ..............1 9 2 3 F - A
9 9 4 1 0 0 7e
10 0 4
1U 0 4
T e r m * i m p r o v o 4 s . . . . l 9 2 3 M-N 1 0 0 s 10 2
F o b ’03
93
..
W a r r e n 1 s t r e t g u g 3 *2 8 .2 0 0 0 F - A
1 2 0 *a A la y ’ 09
12 0 4 1 2 2
12 0 4 D e l * H u d 1 s t P a D i v 7 s . 1 9 1 7 M -S
14 9
A u g ’ Ol
1 2 0 4 ..
R e g i s t e r e d ...........................1 9 1 7 M -S
10 1
10 3
10 2 4
10 2 4 1 0 2 4 10 2 4
1 s t & r e t 4 s ............................ 1 9 4 3 M -N
10 6
10 6
S a le 1 0 5 4
10 0
10 7 *8
1 0 - y r c o n v d e b 4 s ..............1 9 1 0 J - D
...........
1
0
3
4
1
0
1
4
1 0 3 *8
1
0
3
4
1
0
3
4
1 s t li e n e q u ip g 4 4 s ___ 1 9 2 2 J - J
10 6
10 5
97
10 7
10 5 4 10 6
A l b * S u s c o n v 3 4 s ......... 1 9 4 0 A - 0
N o v ’ 08
R o n s * S a r a t o g a 1 s t 7 s . 1 9 2 1 M-N 1 2 8 4 ------ 1 2 9
D el It lv R R B r id g e S e e P a R R
97 4
96
984
9 74 094 9 74
D e n y * R G r i s t c o n *g 4 a . 1 9 3 0 J - J
10 4
J ’ n e ’ 09
10 3
10 6
C o n s o l g o ld 4 4 s ...................1 9 3 0 J - J
1
0
l
a4
1
0
3 4
1
0
2
4
1
0
2
4
1
0
2
4
1
0
3
Im p r o v e m e n t g o ld 5 8 .. .1 9 2 8 J - D
96*8
9 5 4 2 9 9 9 2*4 9 5 4
9 5 *s S a le
1 s t & r e f u n d i n g 5 s ........... 1 9 5 5 i ’ -A
98
F e b ’ 08
B i o G r J u n o 1 s t g u g 5 s . 1 9 3 9 J -D
7 8 J ’ u e ’ 09
77
78
80
B i o g r S o 1 s t g o ld 4 s ___ 1 9 4 0 J - J
85
M a r ’ 08
J
G u a r a n t e e d ......................... 1 9 4 0
9 6 4 J ’ n e ’ 09
1
0
04
9
5
4
9
6
4
J
J
B i o G r W e s t 1 s t g 4 s ___ 1 9 3 9
85
J ’ l y ’ 09
83
85
87
A lg e a n d c o l t r u s t 4 s A . 1 9 4 9 A .O
97
J a n ’ 02
........... 9 6
U tah C en t 1 s t g u g 4 s « 19 17 A -0
D
D ee At * S t E
S e p ’ 04
110
10 6
1 s t g 5 s . . 1 9 1 7 M-N
J ’ l y ’ 09
95
95
D e t & M a c k 1 s t lio n g 4 8 . 1 9 9 5 J - D
J ’ l y ’ 09
92
9
1
J
D
G o ld 4 s ........................................ 1 9 9 6
D e tro it S o u th e r n —
H a y ’ OU
81
834 81
O h io S o u D i v 1 s t g 4 s . . . 1 9 4 1 M -S
1 1 1 4 J ’ n e ’ 09
D t t i * I r o n B a n g e I s t 5 s . . l 9 3 7 A -O 1 1 1 4 1 1 2 4
106 4 M a r ’ 0ft
B e g i s t e r e d ................................1 9 3 7
2 d 6 s ............................................ 1 9 1 b
D u l S h o r t E i n e Dee N o r P a o
1 1 1 4 1 1 2 4 1 1 0 4 F e b ’ 09
D a l S o S h o r e * A t i g 6 s ..19 3 7
L ’ a s t o f M i m i D ee S t P At * id
j a s t T e n V a * G a D ee S o B ;J
■ J C____________
115
J ’ n e ’ 09
115
E l g i n J o l * E a s t 1 s t g 5 s . 1 9 4 1 M-N
E l m O o r t * N o D ee E e li * N Y
......... . 0 9 4 M a y ’ 0 8
E r i e 1 s t e x t g o ld 4 s .................1 9 4 7 M-N 1 0 1
1 0 0 4 ......... 1 0 6 4 J ’ l y ’ OU
2 d e x t g o ld 5 s ......................... 1 9 1 9 M -S
10 3
......... . 1 0 4 4 A p r ’ 09
3 d e x t g o ld 4 4 s ..................... 1 9 2 3 M -S
J ’ l y ’ 09
1 0 0 4 ......... 1 0 7
4 t h e x t g o ld 5 s ....................... 1 9 2 0 A - 0
97
J a u ’ 09
9 0 4 .........
6 t h e x t g o ld 4 s ....................... 1 9 2 8 J - D
1
2
4
4
J ’ l y ’ Ot
1
2
4
4
1
2
5
1 s t c o n s o l g o l d 7 s .................1 9 2 0 M -S
12 14 12 4
12 2 4
12 2 4
1 s t c o n s o l g f u n d 7 s ..........1 9 2 0 M -S
89 4
89 4
............ 9 0
E r ie 1 s t co u g 4 s p r io r .. 19 9 6 J - J
8 0 4 M a y ’ 09
B e g i s t e r e d ........................... 1 9 9 0 J - J
78
784
7 8 4 s a le
1 s t c o n s o l g e n H en g 4 s . . 19 9 0 J - J
8 5 4 F e b ’ 07
B e g i s t e r e d ........................... 19 9 0 J - J
8 9 -4
89 Y
89
90
P o u u c o ll t r g 4 s ................1 9 5 1 F - A
8 7 J ’l y ’ 09
............ 8 6 4
6 0 - y c a r c o n v 4 s A ............1 9 5 3 A - 0
7 0 4 S a le
764
764
do
S e r ie s 1 3 ...1 9 5 3 A -0
A Ia r’ 09
116
......... 1 1 5
B u it N V * E r ie 1 s t 7 s ..1 9 1 0 J-D
1 1 6 4 ........... 1 1 6 4 J ’ l y ’ 0 9
C l i l c * E r i e 1 s t g o ld 5 s . . 1 9 8 2 M-N
12 1
D e c ’08
110
..
C l e v * M a h o n V a l g o s .l O O S J - J
J ’ n o ’ 09
L o n g D o c k c o n s o l g O s .. 1 9 3 5 A -O 1 2 6 4 ........... L 27
J ’ n e ’ 09
114
C o a l * B B 1 s t c u r g u 0 s . 1 9 2 2 M-N 1 1 4 4
A p r ’ 09
........... 1 0 0 4 L 1 0
D o c k * Im p l s t c i i r 6 s .. 1 9 1 3 J - J
M a r ’ O'J . . . .
10 8
..
N Y * G r e e n E g u g 5 s .l9 4 t > (VI N 1 0 5
M o i & F 't D
S ea
e s A lo i U n B y
J-J
80
82
U 14 H 6
J-D
M-N
A -O
J-J
F -A
itfl-S
J-D
F -A
J-D
F -A
M -N
A -0
A -O
A -O
J-J
Q -F
A -0
M-N
1 0 1 4 .......
ib '8
73
014
10 1
10 2 4
95*8
10 0 .1 0 2
96
0 14
82V
83
85
15 0
S a le 1 4 9
10 7 * 4
10 2
10 5
10 0
1 96
10 7 4 10 8
117
o p r i c e F r i d a y , l a t e s t u iu a m i a s k e d t h i s
80
h b
104 105 10 3 * 4
10 0
10041 0 2
914 91 *4
w ook.
10 4
10 0
1 0 1 4 10 2 4
10 1
10 6 4
10 9 4 1 1 5
113 * 8 115
10 3
10 14
•25 1 1 4 4 1 1 7 4
'
88
97
99
974
97 4
99
10 4
994
10 9
9 8 ‘ a 08*4
07
09 4
10 3 * 8 10 4
99*b 1 0 1 4
0 34 944
9 3 4 94*4
80
80
L 004 10 2 4
09
09
99
10 1
12
9 9 4 10 0
8 9 4 02
79
79
r f) 0 * 8 l0 0 » 4
12 1
12 1
98
98
118 * 4 1 2 0
18 *4 1 1 9
90
90
90
984
10 9
1 1 2 ",
85
10 3 V
60
48
10 8 4 1114
77
82
63
J-J
J-J
M-N
A -O
A -O
j -j
a M -S
M -S
A -0
1 A -0
r
te g iste ro i
Ei li C * N
Long D ock
D ee E r i c
1 0 7 * 4 ...........
10 7
10 8
........... 9 7 4
116 4 1 1 8
i u s * 4 ...........
10
113
71*4 754
1004101
112*8115
107 109V
112 4 114 V
1064108 V
08
G e t ’ 08
9 7 4 J ’ l y ’ 09
.1 5 * 4
I D * 3*
97“ " S T
116*4 118V
96
97
1 1 1 * 4 J ’ n o ’ OO
110
111* 4
■ *9'7 4
U )0 4
99 4
964
10 4 4
07 4
” *97
A p r ’ Ob
O c t ’ 06
064
D o o ’ 08
J ’ n o ’ 09
9 6 *' "9 7 4
10 0 4 10 0 4
io i* 8
110 * 4
10 5
10 9
97
D e o 'O S
IS e v ’ U6
A p r ’ 07
N o v ’ OU
J ’ n e ’ OU
9 6 4 J ’ n e ’ 09
102
........... I 1 3 78 3 a u ’ 0 0
1011; ........... 1 0 6 4 J a n '0 6
p
Q - J I l l 7* ...........
l « -J
9 7 * 4 ...........
9 7 4 b a le
8 J-D
l M -S ...........1 0 4 4
2 J-D
........... 9 7
9 M -S
95 4 9«
t J-D
1 0 5 * 4 ...........
9 M -S
........... 9 8
1 M -S 1 0 3
...........
J M -S
10 1
...........
h A -O 1 0 5 4 ...........
7 M -S
10 0
...........
‘2 Q - J * 1 0 7 4 ...........
L o u i s i a n a * A r k 1 s t g 6 s . 1 9 2 77 M-S
M -S ........... 9 7
96 *" " b T ‘
074
99»|
97
99
B O N l» r> — C o n t i n u e d o n N e x t P a g e .
10 8
108
J ’ n e ’ OU
60
74
‘" i
73
J ’n e ’ 09
I U 0 4 102 4
S o p ’ 08
A lu t ’ Oe
O ct ’0 1
80
84
J ’ n o ’ 09
UO
"an 13 6
15 0
D e o '0 0
J ’l y ’ 08
106 i b o
M a y ’ 09
....
............
12 8 4
12 0
110
10 8
02
K
Loh V 1
7 5 4 90
63
87
57 4 77
115
115
115 4 117
L e w H ig h
L05 4 1 0 7 4
H ig h
B
U 2 4 115
10 5 4 10 6 * 8
10 4 * 8 1 0 4 4
10 6
10 7
97
97
12 2 4 1 2 4 4
12 2
12 2
86
91
8 6 4 86
6 9 4 80
R ange
S in c e
J a n u a ry 1
(S3
KW
ite g h
lU lS S C E L L A lS K O ll? *
G l i a ( in d E l e c t r i c E i g h t
A tla n ta G E C o 1 s t g 6 s ...1 9 4 7
B k iy n U G a s 1 s t c o u g 6 s . 19 4 6
B u i i a l o G a s 1 s t g 5 s ..............1 9 4 7
D e t r o i t C i t y G a s g 5 s ............1 0 2 3
D e t G as Co cou 1 s t g 6 s ...1 0 18
E q G E H V is t e o n g 5 s . .19 3 2
G u n * E l e c B e r g C o c g 5 a . 19 4 9
G e a E le o tr ic d eb g 3 4 s . .1 9 4 2
l U - y r g d e b 5 a ......................... 1 9 1 7
G r R ap G E C o 1s t g 6 s ...1 9 15
H u d s o n C o G a s 1 s t g o s . .1 9 4 9
K a n C i t y (A lo ) G a s 1 s t g 5 s 1 9 2 2
K in g s C o E l E * P g 6 s ...1 9 3 7
P u r c h a s e m o u e y 0 s . . . . . . j .00 7
E d E l l i B k i i 1 s t c o n g 4 s 19 3 9
L a c G a s L o t S t E 1 s t g 5 s .e l9 19
R e f a n d e x t 1 s t g 6 s ......... 1 9 3 4
M ilw a u k e e G a s E 1 s t 4 s . .1 9 2 7
l.o w
H id.
A sk
E r ie —(C o n )
i 0 4 7s 1 0 6 4 1054 May uO
V S u s * W 1 s t ret 5 s .19 3 7 J - J
1U04 Deu’ Oc
2 d g o ld 4 4 s ......................... 1 9 3 7 F - A
yo Alay’09
02
90
G e n e r a l g o ld 5 s .................19 4 *) F - A
1144 Deo’08
1
1
4
T e r m i n a l 1 s t g o ld 5 s . . . 1 9 4 3
R e g i a $ 6 ,0 0 0 e a c h . . . 1 9 4 3
1014 May’bVl
10 0
...
M i d R R o f N J 1 s t g 6 s .1 9 1 0 A -0
1 0 4 4 1 0 6 4 105 J’ne’09
W ilk * N a l s t g u g 0 8 .1 9 4 2 J - D
J’nc’ OvI
112
...
v * In d 1 s t con g u ff. 6 a ..1 0 2 0 J - J
E r i e * P i t t s Dee P e u u C o
J ’ l y ’ 09
1
6
1
1
5
...........
J
J
E v a n s * T H 1 s t con s 6 s .19 2 1
A Iay ’09
l s t g e n e r a l g o ld 5 s ............ 1 9 4 2 A -O 1 0 3 4 .......... 1 0 3
A p r ’ U5
1
1
4
A
0
1
0
3
.........
.
A lt V e r n o n 1 s t g o ld 6 s . . 1 9 2 3
J ’ n e ’ US
95
S u ll C o B r a n c h 1 s t g 5 s . 19 3 0 A -0
J a r g o * s o D ee C h AI * s t P
. l i n t & P e r e AI D ee P e r e A la r
F l a C * P e n i n D ee S e a A i r L i n e
M a r ’ ll *
10 5
844
F o rt S t U D Co 1 s t g 4 4 S .10 4 1 J - J
115 4
115
114 4
F t W * D e n O 1 s t g 6 s ------1 9 2 1 J - D
S3
88
. 88
F t W * B io G r 1 s t g 4 s . . . 19 2 8 J - J
1al H ar & S A
D ee S o F a c C o
07
J’ly
’09
7 a l H * H of 18 8 2 1s t 5 s. 19 13
G e o r g i a * A l a D ee S e a A E i n e
G a C ar * N or
D ee S e a A E in e
G e o r g i a P a c i l i c D ee S o B y
G ila V G & N o r S e e S o P a o Co
G o u v * O s w e g a t Dee N Y C e n t
G ra n d R a p * In d D eeP o n n B ll
G ra y ’s P t T erm See S t L S W
984
9 8 4 S a le
984
G t N o r — C B & Q c o ll t r 4 s 1 9 2 1
98*6
984
R e g i s t e r e d . / ! ......................... 1 9 2 1
G r e e n b r i e r R y D ee C h e s * O
95
O c t ’ 08
96
10 0
Q u i t * S 1 1 s t re f * t X 5 s 6 19 5 2
a n & S t J o Dee C B * Q
o u s a t o n io D ee N Y N H * 1 1
10 5
J ’ i y ’ OO
10 5
10 6
U o c lc V a l l s t c o n s o l g 4 4 s . l 9 9 9 J - J
1 0 0 4 S o p ’ ue
R e g i s t e r e d ................................1 9 9 9 J - J
9
8
4
A la y ’ OO
9
8
4
1
0
0
A
-O
C o l * H V 1 s t e x t g 4 s .. 19 4 8
99
9 9 4 9 9 4 F e b ’ 09
C o l & T o l 1 s t e x 4 s ......... 1 9 5 5 F - A
H ou st E & W T e x See So P ac
H o u s t & T e x C e n See So P a c Co
10 4
A p r 09
10 5
llin o is C e n t r a l 1 s t g 4 s . . 1 9 5 1 J - J
lO fa g A p r ’ 0 7
R e g i s t e r e d ........................... 1 9 5 1 J - J
9
9
4
10 0
M
-N
9
9
4
9
9
\
1 s t r e l 4 s ..................................1 9 5 6
9 3 * 8 J ’ n e OP
1 s t g o ld 3 4 s .......................... 1 9 5 1 J - J * ........... 9 2 4
9 1 ai A n g ’U8
. . . . 94
R e g i s t e r e d ........................... 1 9 5 1 J - J
9 3 4 A In y ’ 0 9
E x t e n d e d 1 s t g 3 4 s ......... 1 9 5 1 A - 0
80
80
l e t g o ld 3 s s t e r l i n g ........... 1 9 5 1 M -S
10 2 4
1 0 2 4 IU 2 4
C o ll T r u s t g o ld 4 s ..............1 9 6 2 A -O 1 0 2
9 9 J ’ n o ’ OO
B e g i s t e r e d ........................... 1 9 6 2 A - 0
10 0 4
10 1
n o * T e x g « f t 4 s . . . 1 9 5 3 M-N 10 0 * * 1 0 2
07
A ia y '0 7
R e g i s t e r e d ........................... 1 9 6 3 M-N
A p r ’09
. 10 0 » i 1 0 0
C a i r o B r i d g e g o ld 4 s ___ 1 9 5 9 J - D
. 8 9*, 8 9 4 J ’ n o ’ OO
I i O m s v D lv & T e r m g 3 4 s - 1 0 5 3 J - J
23
A la y ’ OO
10 5
M id d le D i v r e g S s ..............1 9 2 1 F - A
A p r ’ 09
70 4 79
O m a h a D i v 1 s t g 3 s ......... 1 9 5 1 F - A
7 9 4 D c c ’ 08
S t E o u ls D lv * te r m g 3 s ,19 5 1 J - J
J
J
R e g i s t e r e d ........................... 1 9 5 1
8 0 4 0 0 4 b e o ’08
G o ld 3 4 a ............................. 1 9 5 1 J - J
8 8 4 1 0 1 4 O c t ’ 99
B e g i s t e r e d .......................1 9 5 1 J - J
10 0
N o v ’ OO
S p r i n g D i v 1 s t g 3 4 s . —1 9 5 1 J - J
10 0 * 4 M a y ’ 0 9
1 0 1 4 -.
W e s t e r n E l l i e s 1 s t g 4 3 —1 9 5 1 F - A
12 1
F e b ’ ou
119
..
B e l l e v * C a r 1 s t 6 s ......... 1 9 2 3 J - D
98
M a r ’09
97
..
C a r l) * S h a w 1 s t g 4 s . . . 1 9 3 2 M -S
J ’ l y ’ UP
119 * 4 1 2 0 4 12 0
C h ic S t E * N O g 5 s . . . 1 9 5 1 J- D
118*4 J ’ n o ’ OO
117
...
R e g i s t e r e d ........................... 1 9 5 1 J - D
90
F o b ’ 09
90
92
G o ld 3 4 s ................................1 9 5 1 J - D
00
M a r ’ OS
M e in p h D i v 1 s t g 4 s . . . 1 9 5 1 J
9 8 J ’l y ’ 0 8
S t E S o u 1 s t g u g 4 s ___ 1 9 3 1 M -S
I m l B l * W e s t D ee G G G & S t L
08
98
98
S a le
X m l H I * l a 1 s t g 4 a ........... 1 9 5 0 J - J
U O 7#
H i t * G r e n t N o r l s t g 6 s . . l 9 1 9 M-N 1 1 0 4 ....... 1 1 0 4
2 d g o ld 5 s ..................................1 9 0 9 M -S ♦ 1 0 0 4 ......... 1 0 2 4 J ’ h o ’ OW
4 8 J ’ n e ’ 09
3 d g o ld 4 s ..................................1 9 2 1 M -S ........... 4 7 4
J 'n e ’ 09
........... 10 8 *4 1 0 9
I o w a C e n t r a l 1 s t g o ld 6 s . . 1 9 3 8 J - D
77
78
7 7 4 S a it
G o ld 4 s ........................................1 9 5 1 M -B
ai A * G B
D ee E S * AX s
a n * M i c h D ee T o l & O 0
IC O F t S & M S e e S t E & S F
K O & AI B & B D ee S t E * S F
K a n C & P a c U io D ee A I K * T
75
74*4 7 5 4 7 4 4
K a n C i t y S o u 1 s t g o ld 3 s . . 1 9 6 0
63
O ct ’00
0 0 *8
10 0 4
1 0 0 4 S a le
....
K e n t u c k y C e n t Dee E us N
K e o k & D e s M o Dee G B I * P
K n o x v i l l e * O h io S e e S o B y
J ’ l y ’ 09
1 1 4 4 ...........
J -J
J ’ n o ’ OO
1 0 7 ~ ...........
J-J
A -O
........... 1 1 3 4
110 4 110 4
12 0 "
112 4
lOU
10 8
W e e k 's
Range or
L a s t S a le
P r ic e
F r id a y
J u ly 16
BO NDS
N. Y . STO C K E X C H A N G E
W k k k e n d in g J u l y 16
Range
S in c e
Ja n u a r y 1
iia
" ~ 7 102*4 i b o ”
•J t o o
1014
014 924
a D iio .» a u u D u e . e u
H u s a n d E le c t r ic L ig h t
Y G E L H & P g 5 s . . .1 0 4 8
P u ro h a se m o n ey g 4 s . ..1 9 4 9
E d H I IU l e t c o n v g 6 s . . 1 9 1 0
1 s t c o n s o l g e ld 6 s ........... 1 9 0 5
N Y * Q E lE * P ls tc o n g 5 s lv 3 0
N Y * R ic h G as 1 s t g 5 s . 19 2 1
P a t * P o e G & E co n g 6 s . 10 4 0
I ’ eo G a s * C 1 s t c o n g 6 s . 19 4 3
R e f u n d i n g g o ld 6 s ............. 1 9 4 7
C h G - L * C k e l s t g u g 5 8 10 3 7
I n d N a t Q a s & O il 3 0 - y r 5 s ’ 3 6
C o n G C o o t C h 1 s t g u g 6 s .’ 36
A lu F u e l G a s 1 s t g u g 6 s . 1 9 4 7
S y r a c u s e L ig h tin g 1 s t g o s .’5 1
T r e n to n G * E i 1 s t g 6 s ..10 4 9
U n io n E le c L & P I s t g 6 s . l 9 3 2
U t ic a E l L & P l s t s f g o s . 1 9 5 0
W e stc h e s te r E ig h t ’ g g 5 s .l9 5 0
<i D u o A p r s D u e . d a y
/t, D u o , l y
1 0 3 4 J ’i y ’09
J-D
10 3 < 4 . . .
844
35 4
F -A
85
854
M -S 10 0 * 8 10 0 *4 1 0 0 4 J ’ h o ’ 0 9
112
112
J-J
1114 112
9
8
4
A
ta
y ’ 09
F - A ’ ........... $ 8 4
10 0
D e c ’ 08
M -N ........... 1 0 0
1
0
1
*
4
N
e
v
’ OS
M -S
1 2 9 4 J ’ n e ’ 09
A -0
12 0
12 1
M -S 1 0 3 4 1 0 4 4 1 0 3 4 J ’t y ’ 09
J ’ l y 09
J-J
1 0 3 4 1 0 4 4 10 4
04
.M-N ........... 9 3 4 9 3 ® s
10 2
A la y ’ OO
J-D
10 2 * 8 10 3
10 1* 4
10 14
M-N 1 0 1 4 . . . .
9 9 4 J ’ n o ’ OO
J-D
99 4 . . . .
110
A Ia y ’ 06
M -ft
90 J a i l ’ 08
M -S
10 0
...
J-J
10 2
..
J-D 1 0 3 * 8 ........... 1 0 2 4 A I a r ’ 09
/c D u o A u g u D uo O ct
( jr D u e D o o
1004103V
83 4 86
1 00 4 1 00 4
UO
112
97
98V
119
10 2 * 8
10 3
86*4
10 1* 8
10 1* 8
994
12 1
10 3 * 4
10 4 V
9 4 7i
10 3
10 1* 4
0O V
102 4 102 V
j O p t io n 8 a lb
J uly 17 1909.1
BONDS
N . Y . STO CK E X C H A N G E
W k k k E n d in g J u l y 1 0
New York Bond Record- "Continued— Page 3
—0
W eekJs
R a n g e or
L a st S a le
P r ic e
F r id a y
J u ly 16
U ta
L o i t i s v tfe N a s h v g e n g 6 8 . 1 9 3 0 J - D
G o ld 5 a .........................................1 9 3 7 M-N
U n if ie d g o ld 4 s .................... 1 9 4 1 J - J
R e g i s t e r e d ............................1 9 4 0 J - J
S i n k f u n d g o l d 6 s .................1 9 1 0 A - 0
C o ll t r u s t g o ld 5 s .................1 9 3 1 M-N
E H & N a s l i 1 s t « 6 s . . . . 1 9 1 5 ' J -D
L C ln •& L e x g o ld 4 % s . . . 1 9 3 1 M-N
N O & M 1 s t g o ld 6 s . . . . 1 9 3 0 J - J
N O <fc M 3 d g o ld 6 s ......... 1 9 3 0 J - J
P e n s a c o la D iv g o ld 6 s . . . 19 3 0
S t l i D i v 1 s t g o ld 6 s ......... 1 9 3 1
3 d g o ld 3 s ..............................1 9 8 0 M -S
A t l K n o x tfe C i n d i v 4 s . . 1 9 5 5 M-N
A U K n o x ife N o r 1 s t g 6 s l 9 4 0 J -D
H e a d e r B d g o l s t s f g O s . 1 9 3 1 M -S
K e n t u c k y C e n t g o ld 4 s . . 1 9 8 7 J - J
L & N <fe M ife M l s t g 4 V » 1 9 4 5 M -S
L A N -S o u th M Jo in t 4 s .l9 5 2 j . j
N F l a & S 1 s t g u g 6 s . . . 1 9 3 7 F -A
N & C B d g e g e n g n g 4 %« 1 9 4 6 J - J
P e n s <fe A t l 1 s t g u g 6 s . . 1 9 3 1 F - A
S ife N A l a c o n g u g 0 s . . 1 9 3 6 F - A
J e l l B i l g e C o g u g 4 s . . l 9 4 6 M -S
L N A & Ch See 0 1 & L
ahon C oal See L 8 A M S
a n h a t t a n B y c o n s o l 4 s . 19 9 0 A - 0
l t e g t s t e r e d ...................... 1 9 9 0 A-O
S t m p il t a x e x e m p t . . 1 9 9 0 A - 0
M o K ’ p t & H V S ee N Y C en t
M ex C e n t c o n s g 4 s t r u s t re c ts
1 s t c o n s in o g 3 s t r u s t r e c t s
3d c o n s m o g 3 s t r u s t r e c t s ..
M e x I n t o r n a t l s t c o n g 4 s . 1 9 7 7 M -S
S t a m p e d g u a r a n t e e d — 1 9 7 7 M -S
M e x N o r t h 1 s t g o ld 6 s ___ 1 9 1 0 J -D
M id i C e n t S e e N Y C e n t
M itt o t N J
S e e E r ie
M i l L fc> ife W S e e C h lo * N W
M U «S> N o r t h S e e C h M ife S t F
M in n •& S t L 1 s t g o ld 7 s . . 1 9 3 7 J - D
P a c i i i o E x 1 s t g o l d 6s . . . 1 9 3 1 A - 0
S o u th W e st E x l s t g 7 s .l 9 1 0 J- D
1 s t c o n s o l g o l d 5 s ................. 1 9 3 4 M-N
1 s t a n d r o t u n d g o ld 4 s . . 1 9 4 9 M -S
D o s A l ife F t D 1 s t g u 4 s . . . ’ 3 5 J - J
M lu u da S t L g u S e e B O R ife N
M. S t P i f c S B A l c o n g 4 i n t g u ’ 3 8 J - J
M S S A l «& A 1 s t g 4 l n t g u 1 9 2 6 J - J
M in n U n s e e S t P AI <5iAl
M o K a n A T e x 1 s t g 4 s ...1 9 9 0 J-D
3 d g o ld 4 s ................................jriOOO F - A
1 s t e x t g o ld 5 s ....................... 1 9 4 4 M-N
1 s t & r o t u n d 4 s .....................3 0 0 4 M -S
G e n s t 4 % s ......................... 1 9 3 6 J - J
S t l i D 1 y 1 s t r e f g 4 s ___ 3 0 0 1 A - 0
D a l ife W a 1 s t g u g 5 s . . . 1 9 4 0 M-N
K a n O <fe P a o 1 s t g 4 s . . . 1 9 9 0 F - A
M o K & E 1 s t g u g 6 s ...19 4 2 A -0
M K <fe O k I q t g u 5 s ......... 1 9 4 2 M-N
M K if c T o t T l s t g u g 5 8 . 1 9 4 2 M -S
S lie r S h & S o 1 s t g u g 5 s . 19 4 3 J - D
T e x * O k l a l s t g u g 5 s . . . l 9 4 3 M -S
M o P a c i f i c 1 s t c o n g 6 s . . . 1 9 2 0 M-N
T r u s t g o ld 5 s s t a m p e d . a l 9 1 7 M -S
R e g i s t e r e d ....................... a l 9 1 7 M -S
1 s t o o ll g p ld O s ....................... 1 9 2 0 F - A
4 0 - y e a r g o ld l o a n 4 s ......... 1 9 4 5 M -S
3 d 7 s e x t d a t 4 % ...................1 9 3 8 M-N
C e n t B r B y 1 s t g u g 4 s .1 9 1 9 F -A
C en B ra n c h U P l s t g 4 s .l 9 4 8 J-D
L e ro y & O V A L i s t g 5s 19 2 6 J - J
P a o B ot M o 1 s t e x g 4 s . 19 3 8 F -A
2 d e x t e n d e d g o ld o s . . . 1 9 3 8 J . J
S t L I r A l * S g e n con g 5 s l 9 3 1 A -0
G e n co n sta m p g td g 5 s 1 9 3 1 A -0
U n i f i e d * r e t g o ld 4 s . . 1 9 2 9 J - J
B i v * G D i v 1 s t g 4 s . . 1 9 3 3 M -N
V e r iU V I & W 1 s t g 5 s . 1 0 2 6 M -S
M o b J * K C i s t co n s g 5 s . 19 5 3 j -j
M o b * O h io n e w g o ld 6 s . . 1 9 2 7 J - D
1 s t e x t e n s i o n g o ld 6 s . . / i l 0 2 7 O - J
U o u e n u g o l d 4 s .................... 1 9 3 8 M -S
M o n tg o m D iv 1 s t g o s ..19 4 7 F -A
S t L * C a i r o co U g 4 s . . e l 9 3 0
G u a r a n t e e d g 4 s ..............1 9 3 1 J . j
AL * O c o U 4 s S e e S o u t h e r n
M o h a w k * M a i S e e N Y O ife l i
M o n o n g a h o la B i v S e e B * O
M o n t C e n t S e e S t P AI & M
M o r g a u 's L a & T S e e S P C o
M o rris & E s s e x S e e D e l L & W
a sh C h a t * S t L l s t 7 s . l 9 1 3 j . j
1 s t c o n s o l g o ld 5 s ............1 9 2 8 A - 0
Ja s p e r B ra n ch 1 s t g 6s .. 19 2 3 J - J
M oM M W * A l 1 s t 6 s ..1 9 1 7 J - J
T * P B ra n ch 1 s t 6 s ....1 9 1 7 J - J
N a sh F lo r * S h o t S e e L * N
N a t o f M e x p r i o r lio n 4 *118.1926 J - J
1 s t c o n s o l 4 s ........................... 1 9 5 1 A -O
N a t lt y s o f M e x p r 14 % s 19 5 7 J - J
G u a r g e n 4 s .............................1 9 7 7 A - O
N o w H * D S e e N Y N H * 11
N J Ju n o B B
See N Y C ent
N Y B k l n * A la n B e l l S e e L 1
N Y C e n t * IL B i v g 3 * a s . l 9 9 7 J - J
B e g i s t e r e d ............................1 9 9 7 J - J
D e b e n g 4 s ..............................1 9 3 4 Vl-N
L a k o S h o re c o llg 3 * a s ...l9 9 8 F -A
B o g i s t o r e d ............................1 9 9 8 F - A
M ic h C e n t c o i l g 3 * a s . . . 1 9 9 8 F - A
B e g i s t e r e d ............................i y 9 8 F - A
B ee c h C re e k 1 s t g u g 4 s . 19 3 6 J - J
B e g i s t e r e d ............................1 9 3 0 J - J
2 d g u g o ld 5 s ..................... 1 9 3 6 J - J
B e e c h O r E x t 1 s t g 3 %a 6 1 9 5 1 A - 0
C art * A d 1 s t g u g 4 s ...1 9 8 1 J-D
G o u v * O sw e 1 s t g u g 5 s 19 4 2 J- D
M
N
a ss
116 * 4 1 1 7
11 6 * * 8 ...........
10 0 * 4 S a le
99
10 0
10 2
...........
1 1 0 * 2 ...........
1 1 1 * 4 ...........
...........
10 7
12 5 * 4 1 2 6
119
...........
Lm t
117
1 17
10 0 * 4
10 0
10 5
110 * 2
11 1
10 7 %
12 0 * 8
12 0
10 7 * 4
1 1 4 1 4 ........... 1 1 7
71
........... 7 5
........... 9 6
9 5 *8
116
........... 1 1 6
110
9 7 ‘s 9 7 * t 9 7 * 2
1 0 5 * 8 ........... 1 0 3
90\
8 9 *8 9 1
........... 1 1 3 = 8 1 12=8
Range
S in c e
Ja n u a r y 1
i2
H ia lx N o Ijo w
117
M a y ’ 09
1*10*4
M n y ’Oii
J ’ n e ’ Os
J ’ n e ’ «9
J a n ’09
J ’ neO O
J ’l y ’09
J a n ’ 09
A n g ’ 06
M a y ’0 7
M a y ’0 9
95*e
J ’ ly 00
J a u ’09
J ’l y ’ 09
D e o ’ 08
90*4
J ’ n e ’ 09
1
12 7
....
....
....
....
...........
26
24
...........
09*,
S a fe
99
99
10 4
A p r ’05
99 7s
10 0
83
M a y '0 9
27
z7
2 5 * 2 A p r ’ 09
90=8 J ‘ i y ’ 0 1
80
F e b ’08
1 0 0 =8 M a y ’ 0 9
28
26
80
9 9*2 1 0 0
99
10 1
S a le
8 7 *4 8 3
........... 10 7 * 8
........... 87*8
9 1 *2 S a le
.......... 87*4
............1 0 8 *a
...................
11 3 * 4 113 * 4
10 9 * 4 1 1 0
........... 1 0 7 *2
........... 111*2
10 8
10 8 *4
........... 1 1 3 *2
10 1* 4 10 1* 2
2
10 2*% M ale
82
S a le
9 5 * 2 ...........
93
9 3*4
1 0 0 * 8 ...........
112 *2...........
...........111*4
110 * 4 1 1 1 * 4
88*4 8 9
88*4 3 a l e
98
1 2 2 % ........... 1 2 2 * 3
117 * 4 118 H . 117 * 4
89
8 3*4
I 1 2 7s . ”
112*4
75
........... y jj
10 1
D e c ’ Ob
12 2 * 4
J ’ n o ’ 09
J ’ u o ’ 09
J ’ n e ’ 09
M a y ’ Oa
N o v ’ 04
96*2
2
110
98
111)
9 S *4
88
9 1 *4
11*23g 115 *4
10 9
10 9 * 8
U 2 * 2 ll5 - 2
94
9 5 *2
92*2 10 0
9
9 9 3s 10 0 3 4
5
82
3 1*2
20*4
10
4j
12
34
___
___
__
1
1
__
10
___
___
13 2 * 2 13 3 * 2
10 13 4 10 3 * 4
10 9
111* 2
8 4 % 87*4
09
99
1 0 3 34
10 1 0 1
6 7 8 34 8 6 *s
96*8 00*2
i
___
2
89
89
11nil
96
91
99*4 100*8
112*2 113*2
ri 110*8 1 1 3
17
14
I I O -4 1 1 1 *1,
86
90*4
8 8 *s 9 1
10 1 1 9 *2 1 2 5
117
118
80*2 9 1
112*2 1 1 2 3 4
%
1 1 1 1*
1 I 1 0 7s 1 1 2 * 4
1 1 0 % 111*8 L 1 1 4
113
1 1 3 *b
113
U 3*? 11 3
1 113
116 * 2 M a y ’07
1 1 7 % M a r ’06
113
J ’l y ’ 04 . . . .
101
10 4
S4
S a le
9 5 *8 S a le
89*4 S a l e
102%
83 %
96
88
1 0 2 % 10 1 0 2
10 3
84
85
6 80
9 5 % 18 b
9 2 *8 9 6
88%
89
fc 8 6
92%
92*4
93
J ’n e ’09
95%
96
95*4 S a l e
82%
83%
8 2 *2 s a l e
82=8 J ’ n o ’ Oi*
83
8 2*a 83*2 8 3
8 2 * 2 J ’ u e ’ 09
1 0 0 % ........... 100*4 J ’ n e ’ OO
100
............ 1 0 2
M a i '0 4
10 7
............
8 4 * 3 ...........
97*2 A p r ’ 0 9
9 2*4 S a l e
44
30
22
12
92*2
9 2*4
9 3*8
83
82
83
82
94*4
933*
9 6 *2
853,
84S
843,
8 2 *2
10034 1003,
97*2x97*2
98
85
___ _
80
100
97
J ’ly ’ 09
87
87
10
........... 10 2 = 8 A p r ’ OO
95
A p r ’02
S a le
79
80
266
88*2 8 8 *t
73
72
10 3 % 1 0 3 %
10 9
10 8
10 8 %
10 5
97
94
87
71
100%
87%
80
*
10 7
M ay’97
10 5 * u D e o ’ 00
100*8
98
87
8 9 J ’ ly ’09
78
F e o ’07
1 0 3 % J ’ n o ‘09
1 0 8 *2 J ’ ly ’0 9
108 M a y ’ 0 9
110 J a n ’ 09
10 3
N o r ’ 08
9 8 J ’ l y *09
93*2 F e b ’07
86
101*2
10 6 %
100%
110
95
N Y C ent
H It—( C o n tin u e d .
M o ll & M M 1 s t g n g 4 8 —1 9 9 1 M -S
N J J u n c R g u 1 s t 4 s ...19 8 6
N Y 65 H a r l e m g 3 * 2 8 . . . 2 0 0 0 M-N
N Y ife N o r t h 1 s t g 6 s . . . 1 9 2 7 A O
N Y ife P n 1 s t c o n g u g 4 s 1 9 9 3 A -O
N o r <fe M o n t l s t g n g 5 8 . 1 9 1 6 A O
P in o C r e e k r o g g u a r 6 s . 1 9 3 2 J - D
It W i f e O c o n l s t e x t 5 s . A 1 9 2 2 A - 0
O s w e <fc B 2 d g u g 5 s . . . < s l 9 1 5 F - A
K W <& O T I t l e t g u g 5 s . 1 9 1 8 M -N
R u tla n d 1 s t co n g 4 * 2 8 ..19 4 1 J - J
O g & L C h a n i 1s t g u 4 s g l9 4 8 J - J
lt u t - C a n a i l l s t g u g 4 s , 1 9 4 9 J - J
3t, La w <fe A d i r l s t g 5 s . 1 9 9 6 J - J
2 d g o ld C s ..............................19 9 6 A-O
U t i c a <fe B l k B i v g u g 4 s . 1 9 2 2 J ^ J
L a k e S h o r e g o ld 3 * 2 8 . . . . 1 9 9 7 J - D
B e g i s t e r e d ....................... 1 9 9 7 J-D
D e b e n t u r e g 4 s ................1 9 2 8 M -S
2 5 - y e a r g 4 s ....................., 1 9 3 1 M-N
K a A <fe G B 1 s t g u c 5 s . 1 9 3 8 J - J
M ah o n C ’i B i t 1 s t 5 s . . 19 3 4 J - J
P i t t s <fe L E r i e 2 d g 5 s . « 1 9 2 8 A - 0
P lt t s M c K ifc Y l s t g u 6 S .19 3 2 J - J
2 d g u a r O s..............................1 9 3 4 J - J
„ M o fc e e s * B V l s t g 6s 19 18 J - J
M i d i C e u t 1 s t c o n s o l 6 s . l 9 0 9 M -S
6 s ................................................. 1 9 8 1 M-S
B o g i s t o r e d ....................... 1 9 3 1
4 s ................................................. 1 9 4 0
B e g i s t e r e d ....................... 1 9 4 0
2 0 -y r d o b 4 s J P M r e c .1 9 2 9 A O
J L ife S 1 s t g 3*23...............1 9 5 1 M S
l s t g 3 *28 .................................. 1 9 5 2 M-N
B a t O ife S t u r 1 s t g u g T i s .1 9 8 9 J - D
N Y U htC ife S t L 1 s t g 4 s 1 9 3 7 A -O
l t e g t s t e r e d ........................... 1 9 3 7 A-O
D e b e n t u r e s 4 s ___ __. . . 1 9 3 1 M-N
W e st S h o re 1 s t 4s g u ...2 3 6 1 J - J
~ ,,R ? J?1* to re < 1........................... 2 3 6 1 J - J
i t Y * G re e u w lA k o S ee E n e
N Y * H ar See N Y C * Hud
X Y L a c k * W See D L * W
N Y L 15 * W S e e E r i e
N Y <fe L o n g B r S e e C e n t o f N i
N Y N 1 1 * H — C o n y 6 s . . 1 9 4 8 J.J
C o n v d e b e n 3 * a s . . . . ____ 1 9 5 6
H o u s a t o n l o B c o n g 5 s . . 1 9 3 7 M-N
N H * D e r b y c o n c y 5 S . 1 9 1 8 M-N
N Y * N o rth See N Y C * H
N Y O * W r e f 1 s t g 4 s . , u l 9 9 2 M -S
I t e g l s * 5 , 0 0 0 o n l y . ......... o l 9 9 2 M -S
N Y * P u t See N Y O * H
X Y & R B S e e L o n g Is la n d
N Y S * W S e e E rie
N Y T e x * Al S ee S o P a c Co
N o r * S o u t h 1 s t g 6 s ........... 1 9 4 1 M -N
N o r f * W e s t g o n g 6 s ......... 1 9 3 1 M -N
Im p r o v o in ’ t * e x t g 6 s ..1 9 3 4 F -A
N e w B l v e r 1 s t g 6 s ......... 1 9 3 2 A - 0
N * W B y 1 s t c o n g 4 s . 1 9 9 6 A -O
R e g i s t e r e d ............................1 9 9 6 A -O
D iv ’ l l s t i * g e n g 4 s . . . 19 4 4
1 0 - 2 6 y e a r c o n v 4 s ___ 1 0 3 2 J-D
P o c a h C * O J o in t 4 s .. 19 4 1 J- D
C O * T 1 s t g u g 5 s ........... 1 9 2 2 J - J
S o io V A N E l s t g u g 4 s 1 9 8 9 M-N
N o r t h I l l i n o i s S e e C l»i * N W
N o r t h O h io S e e L J f i r i e * W
N o r P a o — P r io r lie n g 4 s . . 19 9 7 Q J
R e g i s t e r e d ............................1 9 9 7 ( 4 - J
G e n e r a l li e n g o l d 3 s ___ « 2 0 4 7 W -F
R e g i s t e r e d ....................... « 2 0 4 7 M -F
S t P n u L D a l D i v g 4 s ___ 1 9 9 6 J - D
D u l S h o r t L 1 s t g u 5 s . . 1 9 1 6 M -S
C B * Q c o ll t r 4 s s e e G t N o r
S t P * N P g e n g 6 s ___ 1 9 2 3 F - A
R e g i s t e r e d c e r t i t t c ’ s . . l 9 2 3 O-F
S t P a u l * D u l 1 s t 5 s ___ 1 9 3 1 F - A
‘J i l 5 s .........................................1 91 7 A -O
1 s t c o n s o l g o ld 4 s ........... 1 9 6 8 J-D
W a s h C e n t 1 s t g 4 s ............1 9 4 8 %-M
N o r P a o T e r C o 1 s t g 6 s . . 1 9 3 3 J-J
N o r B y C al See So Pao
N o r W ls S e e O S t P A I * O
N o r A A lo n t S e e N Y C e n t
In d A W S ee C C C A S t L
h io B i v B B
See B a lt * O
O re A C a l S e e S o P a c C o
O re S h o rt L in e S e e U n P a o
O sw ego A R o m e S ee N Y O
O O F A S t P See C A N W
a o C o a s t C o 1 s t g 5 s ___ 1 9 4 6 J - D
a o o f A t f s s o i m S e e A Io P a c
P e n n B B 1 s t r e a l e s t g 4 s , 1 9 2 3 M -N
C o n s o l g o l d 6 s ........................ 1 9 1 9 M -S
C o n s o l g o ld 4 s ........................ 1 9 4 3 «1-N
C o n s o l g o ld 4 s ......................1 9 4 8 M N
C o n v e r t i b l e g 3 *28................1 9 1 2 M -N
C o n v e r t i b l e g 3 *28................1 9 1 5 J -D
A lle g V a l g e n g u g 4 s . . .1 9 4 2 M -s
D It R B A BgO 1 s t g u 4a g . ’3 6 F -A
P l i i i a B a l A W l s t g 4 s . . 1 9 4 3 M -N
S o d B a y A S o 1 s t g 6 s ... 19 2 4 J • J
U N J B R A C a n g e n 4 s . 1 9 4 4 « *-S
P e n n C o — G u a r l s t g 4 *2 8 . 1 9 2 1 J - J
R e g i s t e r e d ........................... 1 9 2 1 J - J
G u a r 3*28 c o ll t r u s t r e g . 1 9 3 7 M -S
G u a r 3*28 c o ll t r s e r B . . . 1 9 4 1 F - A
T r C o c e r t i f ’ s g u g 3 *2 8 .1 9 1 6 M -N
G u 3*28 t r e t t s C .................... 1 9 4 2 J -D
G u 3*28 t r o t f s D .................... 1 9 4 4 J
G u a r 1 5 - 2 5 y e a r g 4 s ___ 1 9 3 1 A - 0
O I * A l a r 1 s t g u g 4 * a s . . l 9 3 5 M -N
O l A P g e n g u g 4 *28 s e r A . ’ 4 2 J - J
S e r i e s B ................................... 1 9 4 2 A - 0
S e r i e s O 3*28.................... . . 1 9 4 8 M -N
S e n e s D 3*28........................ 1 9 5 0 F - A
F-A
Ef
J.J
J.J
W eek’ s
Range or
L a s t S a le
H iu
a s >1 L o w
Jiig n
1 0 0 - M a y ’ 09
9 4 *8 . .
10 5
O ct ’02
........... 96*4 O c t ’ ()
91
L 10
1 1 7 % 1 0 7 * 2 A u g ’ OS
10 0
S e p ’ Ot
Range
S in c e
Ja n u a r y 1
100*4 ..
Low
Jiia n
100
100
12 1
1 3 0 *2 1 3 1 *2 I a n ’ 09
110*2 J ’ n e ’ 09
110M ..
J a n ’ Ot
10 2 * 9 .. . . . . 1 0 5
10 6 * 4 H I
10 3
se p ’ot
9 3 * S Sale*
9 3 *2
9 3 *2
........... 9 1 H
92
J ’ n e ’ Ot110M ..
115
F e b ’ 09
12 5
F e b ’ Ob
10 1* 9
10 3 * 4 D e c ’ Ot
9 3 * 4 94*4 9 3 * a
9 4*4
9 2S»
92*4
9 2*.
95
95** 9 1*4
95*8
95
S a le
94*4
9 5 *8
1 1 1 * , .........
o'ct
1 1 3 * 2 1 1 8 * 2 ioS
10 2
.
May 08
130*2 Jan ’09
12 6 * 2 .
12 6 * 2 .
110 * , .
110
.
10 1
F o b '0 9
1 1 3 7q .
11 4 * 4 O c t 08
112
.
119
J ’u e ’06
10 0 * 4 A p r ’ 09
10 0 * 2 .
1 0 6 *2 N o v ’ OO
9 3*4 J ’ n e ’ 09
........... 9 4
92
M a y 09
9 3*2
" " " *«i*a 9 3 * 2
13 1* 2 13 1* 2
1 1 0 *a 1 * 1
lO O ** 101
........... 10 0 * 4
........... 92*4
10 2
10 2 \
........... 1 0 2
10 1
J
l o o *2 J
9 2 *9 J
102*2
101*2 J
1 3 8 ® s S a le
10 8 * 4 S a le
117
.........
13 8 * 2
19 7 * 2
103
.......
12 8
12 6
12 8
99*4
97
9 3*8
9 8*4
9 1*4
10 6
96
12 7
.....
12 9
S a fi.
y ? *,
S a le
S a le
S a le
.........
98
93*4
9 2 *4
94*4
94
95=a
9 4*2
07
9 7 *4
’07
100
9 9 *s S a le
91
93*2
90*4 9 2
115
115
13 0 * 2 13 0 * 2
10 0 * 8 10 0 * 4
9 3*4
95*4
91*8 93*2
’ I y ’ 09
’ n e ’ 09
’ l y ’ Of
102*2
’i y ’09
10 1
10 4 * 2
100=8 1 0 3 *y
13 9
10 8 * 4
13 3 * 4 1 S 9
9 7 * 3 10 9 * 4
118*2 Deo’o
1 0 0 “2 10 2 * 4
10 0 * 2 1 0 0 * 2
91*8 94
98*2
99*,
1 0 1 *2 J ’ n e ’ Ot)
98
10 4
J ’n e ’ 09
12 7
J ’ n e 'u 9
1B 0
M u r ’u9
1 2 8 * 2 J ’ n e ’ 09
9 9 *2 l o o
97
97
9 3*8
03^
9 3*8
f a ”*
9 1*,
92 S
10 9 * 3 F e u ’ 0 5
97
J ’ l y ’ 09
10 4
12 7
12 9
12 7
98
97
93
9 3*8
89=8
99*4
10 1
12 8
12 9
12 8 * 3
10 0
97
95
99*4
93
9 b *a 9 8 * a
74M
...........
...........
74*4
73*2
98
10 2 * 4
10 3
101*2 J ’l y ’ou
73*4
74 *2
73
73
9 7 *3 J ’ n e '0 9
10 2 * 4 1 0 4
10 1
10 3
73
*0
72*4 74 *4
96
9 7 7,
119
119
112 * 4
10 4 * 2
...........
94*2
115 * 3
119 * 4
12 0
....
....
99
96
....
12 0 ^ 8 M a y ’ 09
• 15 A la j ’0 9
i l 7 * 4 J ’ l y ’ o?
10 4 * 4 M a y ’0 9
97 *2 M a y ’0 9
9 2 *2 J a u ’ 09
116*4 J ’l y ’ 09
120
115
10 4
10 4 * 4
97*2 09
92*2 92*3
115 = 8 U t i 'l
Ill
110
109*3 119
10 2 * 4 1 0 3
F
1 0 9 * 3 .........
10 0
____
1 0 1 * » S a le
1 0 1 * , S a le
97
S a le
1 0 0 * 8 .........
96
.........
1 0 3 * 4 .........
97
..........
10 5
10 6
........... 1 0 6
1 0 3 * 2 .........
DO7* _____
9 0 * 4 ..........
97*4 97*a
S 9 * 2 ...........
&0
9 3*4
98*3 99
10 0 * 4 10 5 * 2
1 0 9 * 4 ...........
1 0 9 * 4 ...........
94*8........
94*8........
111
121
1 2 0 1*
10 4 * 4 M a y ’ 0 9
10 9 * 2 J a u ’ 09
I 0 2 * a M a y ’0 9
10 4 * 4
10 4 * 2
10 1
10 1* 3
9 6 78
9 7*6
99
J’ue’oV
10 3
10 9 *2
10 2 * 2
10 4 * 8
97*2
94*4
10 4
10 3
10 4
10 6 * 4
10 4 * 2
9 0 *3
9 0*4
9 7*4
89*4
9 0 *4
98*3
110
110 * 4
10 9 *4
98*2
90
J ’ n e ’ 09
J a n '0 3
M a r ’09
j ’ l y ’ 09
-M ay’0 9
J ’ n e ’ OO
J ’ n e ’ Oa
J ’l y ’ 09
F e b ’ 09
M a y ’ 09
98 *2
J a n ’ 05
J a n ’ 09
J ’ l y ’ 09
D e c ’05
M ay*08
10 3 * 2 1 0 4
10 5
10 9 * 3
10 4 * 8
10 5 * 4
10 1* 4
10 0
10 4
10 4
10 4
10 6 * 2
10 4 * 2 1 0 4 * 3
u o*4 "o ’ i ‘*i
96*4
89*4
90*2
98*2
97*3
89*4
90*4
99=8
110*4 110*4
10 9 * 4 10 9 * 4
B O N 1)M — C o n t i n u e d 011 N e x t P u g o
Iron
Col F & I Cogonst g5s..1943 F-A
Convertibledebg5s_1911 F - A
Gr Biv Coal ifeC1st g6al9l9 A-O
Clear! Bit Coal 1staf4s...1940 J.J
Col Indulstifecoll 6sgu.,1934 F - A
Coutin’taiO1st81gu5sg.1952 F-A
felt ifeClearCifeI lstg 6s.1926 J-D
Kail ifeHCifeC1st atg5s.1951 J - J
Pleas Val Coal 1st gsf 6s.1928 J - J
PocahConCollier Ists 15s.’57 J-J
luudayCreok Co g os__1944 J.J
Teun Coal gen 5s......... 1951 J-J
Tenn Div 1st g6s.....al917 A -O
BlrmDlv 1stconsol 6s.. 1917 J.J
CahCAl Co 1st gug6s.1922 J - D
DeBurOifeI Cogug6s.1910 F-A
Valron CoalifcOolst g5s.1949 M -S
Viotor Fuel 1st st 5s..... 1953 J - J
P r ic e
fY ir la v
Ju ly 16
N. Y. STO C K E X C H A N G E
W k k k E n d in u J u l y 1 6
J.J
10 0
99
98=8 101 ‘4
8 6 *, 8 8 %
10 4 * 4 1 0 9 * 2
8 3 % 8 7 7s
9 0*4 9 3 %
88
8 9 *2
t 0 9 *2 n o
93
93
113
114 * 2
10 8
112
106
110
1 1 0 *4 110*4
10 8
U 13 s
113
116
100*2 1 0 2 » 8
iH lS C E L l 1N E O U S
Coni
89
28*2
2 5 *2
t 0 0 » 8 101
J ’ l y -09
M a r ’ 09 . . . .
10 0 * 4
10 1* 8
87=8
88
1 0 7 *2 M a y ’ 0 9
86*4
86*3
91
9 1*2
88
A p r ’ 09
10 9 * 2 M a r ’ 0 9
93
A p r'O t)
1 1 3 % J ’ l y ’ 09
10 9 = 8
10 9 =8
1 0 7 % 1 0 7 *-,
1 1 0 % A p r ’ 09
10 8
H>8
113
J ’ l y '0 9
10 1 = 8 j ’ l y '0 9
10 4 * 2 F o b ’ 0 7
101=8 102=8
82
82
9 6 % J ’ n o ’09
93
93
89
M a r ’0 9
110
M a r ’ 06
I 0 0 *b
100*8
113
M a y ’ 09
110=8
110=8
110*4 M a y ’ OU
88*4
89
88*4
89%
i V 6 *a
111
1<!7»4
12 5 * 8
12 0
71
13 1
............ 1 3 2 * 2 J ’ u e ’ 0P
J a n ’ 07
1 0 8 * 2 ........... 1 1 8
lO l* , M a y ’09
1 0 9 'a 10 9 * 8 10 9 * 8 J ’ l y ’ US ___
8 5 % J ’l y ’09
85
86
00
95
99*4
10 8 3 4
111
10 7 * 4
1 2 4 34
12 0
9
1 1 0 * 2 ........... 1 0 9 *e v ia y ’ 0 9
........... 1 1 4 * 2 1 1 5 % F o b ’ 09
........... 9 4
9 5 *2 M a y ’ 0 9 . . . .
10 0
H ia S
115*2 117*2
110
117
9 9 =4 10 2 4 *
100
100*2
BONDS
151
89
10 3 %
10 8 = s
108
n o
98
T e l e g r a p h u n it T e l e p h o n e
A m T e l e p Jfc T e l c o l l t r 4 s 1 9 2 9
C o n v e r t i b l e 4 s ........................1 9 3 6
A lic h . S t a t e T e le p . 1 s t 6 s . 19 2 4
P a c T e l <fc T e l 1 s t 6 s ........... 1 9 3 7
W e st U m e n ool tr c u r 6 s .19 3 8
F d a n d r e a l e s t g 4 '* a s . . . l 9 5 0
C o n v 4 s , S e n e s A ..............1 9 3 6
M u t U n T e l a fu n d 6 s . . . 1 9 1 1
M iiim f a e t n r in g A ln d a s t r i a l
A l l l s - C l i a l m e r s 1 s t 5 s ......... 1 9 3 0
A m A g U h e m 1 s t c 5 s ......... 1 9 2 8
A m C o t O il e x t 4*28.............. 1 9 1 5
A m H ld o ifc -L 1 s t u f g 6 s . . 1 9 1 9
A m e r I c o S e c u r d e b g 6 s . . 19 8 6
A m S p i r i t s M lfg l e t g 6 s . . l 9 1 6
A m T ob acco 4 0 - y r g 6 s ....l9 4 4
4 s ......................................................1 9 5 1
A in T h r e a d 1 s t c o l t r 4 s . . 1 9 1 9
J- J
M -S
F -A
J- J
j.j
M -N
M -N
M-N
J- J
A -O
Q -F
M -S
A -0
M -S
A -O
F -A
J.J
94
94*^ J ’l y ’ 0 9
S a le 10 4 = 8
10 5
99
98*4 J ’ n e ’0 9
S a le
97*8
9 7 *e
10 0 * 2 1 0 0
100*4
9 5*4
95*4
S a le
86*2
87*2
100 M a r ’ 09
9 1= 8
92*8
98*4
9 6 *2
9 8 *2
9 3*4
84
95
96
10 0
100
9 8 *8
10 2
96*%
92%
10 0
86
8 6 *a 8 8
86*3
1 0 1 78 S a le 1 0 1
10 2
97*4
97*«
97
10 1
S a l e 10 0 *4
10 1
77
7 9 *2
79*4 7 9 * 2
95*2 9 8
95*4 M a y ’ 0 9
I U 7| S a le U l 78 1 1 2
8 0*s S a le
8 0*4
8 0 *2
9 2 >s 9 2 J ’ l y ’ 09
80
96
96
9 6*4
67
95*2
10 4 * 2
74
90=8
88*4
10 2
98
10 1* 4
80
10 0
112 * 2
S 0 7a
9 2*4
10 5
98
97**
10 0
9 5*4
87*a
10 0
Sals
*Noprice Friday; latest bid andasked. aUiieoan oDuo Pel) <3line .lot liDiio.vnr ADue .1'ly itLiue .vug e Due out oDue Nov qDueoea «Option Sale
[VOL. LXXXIX.
Hew York Bond Record—Concluded— Page 4
15 2
RONDS
P rice
W eek’s
s-2 P r x c t
W eek’s
B ange
is R a n g e
R a n g e or
R a n g e or
11 S i n c e
N. Y. STOCK EXCHANGE 2<5 JFur liyd a7 y6
~§ F r id a y
S in c e
L a st S a le
J a n u ary 1
L a s t S a le
J an u ary l
w e e k E n d i n g July 1
6
Wkkk ending July 18 sa. J u l y I S
c L ow H ig h
B id
- L ow
J U ig n A
B id
ASS L o w
H ig h
L ow
H ig h
Penn Co— < c o n t i n u e d , j
1224 Aug’08
A
y
924..... 92 Apr’07
Morgan’s’
Erie & Plttsgug34s B.1940 J
j . j 115 ..... 116 Nov’UO
4 Apr’04
Senes C................ 1940 j-j 924..... 19S
112 Feb’ov
A-O ............ 1
06*4Dec’08
GrRcfc lex 1st gug44s 1941 j. j
04 Mar'09
104 104
27«8 Oct ’02
ore & Cal 1st guar g6s.1927 J-J
PittsFt VV& C1st 7s...1912 j -j 107 ..... 1
107 ..... 110 Hay’ll9 109*g110
1014 1014
S
o
P
ac
ol
Ariz
1s
t
g
u
g
Os . b’ IO J-J ............ 1014 Jan’99
2d7s.................... 1912 J-J 1
1014J’ne’03
-O 07 ..... 107 Oct ’08
S
o
P
ao
o
f
C
al—
6 sE* F...1912 A-O
3d7s.................. A1912 A
1144 Dec’04
no no
1104..... 110 Feb’09
PittaY&Ash1st con68.1927 M-N 1074.....
1s
t
g
o
ld
6 s............. 1912 A-O
.........
-N 112 ..... 116 May’07
-O
107t8 1094
1074 J’ly’0
0
PCC& St Lgu44»sA... 1940 A
1st con guar g5s..... 1937 M
04 Apr’03
10 8
J-J ..... 924 190
U>8 109
Senes Bguar..........1942 A-O 1074..... ' ‘
SPacofNMex1st g6s..1911 J-J
90 1 884 92
SenesCguar..........1942 M-N 108 .....
S
o
P
a
o
C
o
a
s
t
lstgu
4
s
g
-1937
..... 105 1024J’ne’09.... 1024 1024
100 4 i02"
Tex*NOSabDivlst g6s.l912 M-S 100
Senes D4sguar.......1946 M-N 99*8..... 94*12Apr’09
..... 984 Apr’08
-J 95 B
94 95
Series E 3%guar g--- 1949 F-A 944 96
Congold 5s............ 1943 JJ-J
ale 05
964 3 47 934 964'
Series F 4sguar......1963 J-D 994.....
o
P
a
c
KB
1s
t
ref
4s.....
1
9
5
5
113
S
ale 1124 113 269 106 113 !
J-J
CSt Ei&P 1st cong68.1932 A-O 115 116*8 1184May’09
1164 1164 Southern—1st cong5s_1994 J-J 109 .....
110 May’09
109 II 0 4 ,
PensacolacfcAtl S e e E& .Nash
Registered............. 1994
834 85 166 76 85 1
A-O 844 Sale 30
Peo& East NeeOOO&StL
Develop&gen4aSerA. 1956 M
1
3
4
894
23*«Jan>05
854 904,
88
4
8
:1
*
8
-S
Peo Pelt Un 1st g6 s_1921 Q-F 116 .*..... 1
Mob* Ohiocoll tr g4s..1938 J-J ..... 1 1 2 113 Apr’ 09
113 113
1 0 0 34 Deo’05
2dgold44s............. 61921 M-N
Mein Div 1st g44-5s...1996 J-J
904 J’ne’09_ 87*8 91
.....
9
o
054J’ly’09 105 106
PereMarq—Cli<£; WM6 s1921 J-D 105 ..... 1
St
Louis
div
1st
g
4s_1
9
5
1
r*O
1 11141
108 Sop’08
A-O 112 1134 1134May’09
Flint & PAl g6 s......... 1920 M
Ala CenR 1st g6 s..... 1918 O
1124116
1 Deo’ 08 .... ...... ......
J-J 92 .... 9
1094 1094 1094
1st consol gold6 s......1939 -N .....
1044 1094 Atl & Danv1st g4s.... 1948 J-J
874 ..... 92 J’ue’06
Pt HuronDiv 1stg68.1939 A-O ..... 1084 1084J’ne’09 10841084
2
d
4s...................
1
9
4
8
814
86
F
-A
SagTus3cH lstgug 4s.1931
Atl* Yud1st gguar48.1949 A-O 1094 ..... 109 j ’ne’09
J-J 110 ..... 111 J’ne’09 1
Phil B& VV NeePenn KB J-D
Col * Greenv1st 6 s.... 1916 J-J
10
09
0*41104
11L
154 Mar’06
Pliila<£; Beading cons7s.1911
1044..... 19
li44J’ue’09
1 1 0 4 U44
3
M
ay’0
9
1144115 1
M-N 106
PhilippineBy1st30-yrsf4s’37 J-J ..... 93
93 95
07 Apr’Oi'
105 107
M-S 65 .....
Pitts Cm& St E See PennCo
64 664
68 64 Apr’00
-O
PittsCleve& Tol NeeB<&O
GaMidland 1st 3s...... 1946 A
117 Apr’09
twv 117
J-J 11541174
Pitts Ft VV& Ch Nee PennCo
GaPac By 1st g6s..... 1922 J-J
May’09 ___ 1184
H84
116 118 1184
Pitts McKees& Y NeeNYCen
K
nox
&
O
h
io
1st
g
6s.-.1925
1154Apr’06 ..........
16 J’ly’09
J-J
Pitts Sh<SjE E 1st g5s...1940 A-O 1154 116*4 13
116 1 1 6 4 Mob* Bitpriorlieng5s1945 J
r•d1 105 ..... 82 Nov’OS
3*oJ’ly’97
1st consol gold5s........1943 J-J
Mortgage gold4s.....1945 J-J
e'09
108*4 ill
1104..... 1104J’n
Pitts& West NeeB<&O
Rich& Dan cong6s_1915 A-O 1
J’ne’08 .... ...... ......
OO 1 0 1
R eadingCogeng4s.....1997 J-J 1 0 1 8 ale L
994 1 0 1
Deb5sstamped........ 1927 M-N 04 ..... 92
.... ......
75 Oct ’08
9
Registered............. 1997 J-J 984 99 1 0008 May’0
9
8
4100
R
ich
*
A
leck
1st
g
4s...1948
1034May’09.... ioi 4 1 0 3 4
98
M-N 1034..... 1
Jersey Cent coll g4s... 1951 A 0 ..... 974
964 934 SoCar * Ga 1st g5s_1919 M
1
2
UCt’0
6
-S
1064112
Bensselaer«fcSar NeeL><&H
Virginia Afidser O6s...1916 M-S 106
..........1084 Dec’06
Bicli & Han NeeSoutli By
series D4-5s.......... 1921 jv
i.-00 1074 100 1
13 Deo’05
Rich& Meek NeeSouthern
SeriesK5s............. 1926 i/i
107 1104
1104
J’n
e’0
9
M
-N
BioGr West NeeDen& BioGr
General 6s............. 1936 M-N
1094Mar’09 _ 1074 1094
Booh& Pitta NeeB B& P
Guar stamped...... 1936 F-A
064 Jan’07
Borne Wat & Og NeeN YCent
WO* W 1st cygu4s..1924 J
too ioi) 4
Butiand NeeN YCent
West N O1st cong6s..1914 -J 1084..... 109 J’ly’00
S* N Ala S e e E* N
S agTus& H NeePereMaro
.....
117 J'ly’OO
t Jo& Gr Isl 1st g43...1947 J-J 964 904 96 96 23 92 97 SpokFalls* Nor 1stg6s.1939 J j
J’ne’09
1074 109
-O 107* 108* 1074
St E& Cairo Nee61ob & Ohio
’I *erA of St E1st g44s..1939 A
1
1
5
1
7
-A ..... 116 1154 J’ne’09 * i 90 1
11st congold5s_1894-1944 F
St E& Iron Monnt NeeMP
97*4
974
*6
J-J 074 ..... 1104
St E K C& N NeeWabash
Genrefunds1 g4s..... 1953 A
J’n
e
'O
b
1104
1194
1094
.....
St E 61Br NeeT BBAol St L
St EM BgeTergug5s.l930 -O
1234J’ly’09 12241844 Tex
& N O S e e SoPaoCo
9t Eonis& SF—Gong 6s.1931 J-J 12341234 1104
4 11-1 4 1134H9
0*4
110
111
General gold5s.......... 1931 J-J 1104..... 904 11
Tex*Pao
1st gold 5s.... 2000 J-D ..... 114 115
654 75
J’ne'09
919
88
914 2dgoldInc5s...........?2000 Mai' 70 ..... 16
904 Sale 95 Apr'0
Gen 15-20yr 5s.........1927 M-N .....
05 Jan’09 .... 1034 105
95 101 Feb’09
91 1)64 EaDiv BE 1st g 6s.... 1931 J-J ioo” !"!!! 1064
St E<fcSF BBconsg4s..’96 J-J
.
. . . . .........
N
ov’0
4
1
0
1
1
0
1
F-A
A
-O
.....
1904
SouthWDiv 1st g58.. 1947
WMin W&N W1st guos>30
u 112 4
111 111 *6 i’
7s 87*,
8 l7
s 89 Tol* OC1st g6s.........1935 J-J 110 1144 1
Retundingg4s........1961 J-J 874 Sale 80
»934Apr’09
12 J’ne’09 .. .. 1 1 2 1 1 2
A
-O
.....
1
1
4
StEM«feSoEastgu4*agl909 J-11
W
estern
Div
1st
g
5s...1935
994
994
1194 Apr’09
34May’09 ...] 1034 105
J-D 1034 1044 10
Ueneral gold5s..........1935 A
1 1 6 4 1204
KCFt S<feMcongOs..1928 M-N 11941214
02*4 95
93
93
4 Bale 83*4 84
-O 03 934 92
824 86
Kan* Al 1st gug4s_1990 J-J
KOFt S<feMByref g4s1936 A-O 1 083
J’ne’09 ...... 864 94
.....
0
00 03 894 J’ly’0
KC<SsMR<S>B1stgu68.1929
Tol
P
*
V
V
1s
t
c
o
ld
4s_1
9
1
7
9
9
7
4
J’n
e’0
9
894
J-J
00
904
A
-O
974.....
Tol
St
E
*
W
pr
lien
g
3
4s.
19
2
5
Oz*rk&ChC1stgu6 sg.1913
974 98 60 -year gold 4s..........1950 A-O ..... 83*8 84 84 1 834 914
884
St EoulsSo NeeIllinois Cent M-N 944 044 914 944
91*4 91*4
914 Apr’00
Tor Ham& Butt 1st g4s.A.1046 J-D ..... 10024
8 t ESW 1st g4s bdctls.1989
924
1084
7 107 107 ” 7 107 T
..... 85 86 J’ne’09
7
9 94
854 U lster&D611stcong5s1928 J-D .....
2dg4smobond0Us...pl989 J-J
__
8L Nov’09
794 Apr’0
794
1st refundg4s...... 1952 A-O 86*
78 814
Consol gold 4s........... 1932 J-I) 704 Sale 1014
02 104*4
7
1044 sale 1044 1044 100 1
Uu PaoKK& 1gr g4s...1947 J-J
Gray’sPtTer lstgug6 s1947 J-D
100*4103
Registered............. 1947 J-J 1024..... 1024 J’no’09
St Paul & Dal NeeNor Paoitic A-O
1004
J’n
e’0
9
99»bSale 094 99*4 ' 5*8 06*4100
M
-S
1st*
ref
4s.............0
2
U
O
8
1004104
St Paul M<feMau 2d6s...1909
131 34 J’ne’09
02 1L14
J-J 1114Sale 1104 111*»821 198
131 1324 20-yr conv4s..... ...... 1927 J-D
1st consol gold6 s........1933 j -j 1324..... 1
994
32 Apr’09
084 09 984 99 13 L1841204
Ore By * Nav cong4s.1946
132 133
Registered............. 1933 j -j ..... 132*8 108
1084
F-A 1194..... 1194Jne’o9
1
0
8
111
O
re
S
h
o
rt
Line
Istg6s..l922
Reduced togold4has..1933 j-j 108 Sale 1084J’n
e’09
'**3
1
1
4
*4
1
18
J-J
1
1
6
*8
1
ly
j
1
9
4
6
1s
t
c
o
n
s
o
l
g
5s.........
116
4
S
a
le
Registered........... 1933 jM--N
1084 1084
1024J’ly’09
J-D 944 Sale 0 4 4 944 6b 94 964
Guar refund 4s........1929 J-D
Dakota ext gold6 s..... 1910 J-D 10241024 iooa
1024103
4
’09
94 Jan’09 .... 04 04
9
29
R
egistered...........1
994101
Mont ext 1st gold4s_1937 J-D 9941004 1 0 0 *44J’ly
Get ’06
99*b1004
Utah* Nor gold 6s..1926 J-J 1084__ 99*8 99*8
Registered............. 1937
1 0 1 4 J’iy’ 09
Uni N J BB* OCo S e e PaBB
EMinn Nor Div 1stg4sl948 A-O
24 May’06 10141014 U
tah
C
entral
S ee B
io
G
r
W
e
s
Minn Union 1st g6 s_1922 j -j 1 0 1 ..... 1
Utah* North S e e Un Paciiic
j -j 13041324 1304J’ne’Oj
Mont C 1st gug6 s..... 1937 J-J
1364 May’06 iso4 i'S24 U
tica* Black B S e e N YCent F-A
Registered............. 1937
..... 1144J’ne’09 1144 117 V’uudaiiaconsol g4s ....1955 J-J
08 Nov’OS*
-j 114
1st guar gold 68 .......1937 jJ-D
116 ..... 116 J’ne’09 116 1 1 6 4
08 Sep’06
eraCruz*Plstgu44sl934
Will* SF 1st gold5s..1938
Ver Val ind* W S e e Mo P
St P* Nor Pao NeeNor Pac
Virginia Mid S e e SouthBy J-J 108 ..... 1174Jan’09
StP&S’xCity NeeCSt PM*o J-J 894 Sale 894 90 1 1
89 924 Va<fcSouthw’t 1st gu5s.2003 A-O 984 99 0J
BA* APass1stgug4s... 1943 M-S 109 1 1 1 4 1114J’ne’09
11741174
9
984 100
1st cons50-year 5s..... 1958 -N 113 Sale 113 19
1114113
8 Fe Pres* Ph1st g5s...1942
110
O o i '0 6
13 *'2
52 1
\\/ abash 1st goldos.... 1939 M
1114
11^4
8 F * N P 1st sink t g58.1919 J J
F
-A
024105
10
1
4
J’ly’0
9
104
1044
VV 2dgold5s........... 1939 J-J
SavF& West NeeAtl Coast E
IU04 Jan’09 .... lUO-,1004
Debenture series A.... 1939 J-J ..... ioi J
aolotoVal & N E NeeNor* WA-O 90 Sale
86 101
Oi J’ly’UU
78 634 91
SeriesB................ 1939 -S
894
SeaboardAir Elne g4s...1950
10241024
1024May’00
994 19
01
0
1st lien equipsfdg os..1921 M
964 100
Coll tr refundg6 s..... 1911 M-N 09*8.....
87 874
J-J
87 May’00
Jan’07
1st lien50yr gterm4s.1954 J-J
Atl-Birm30-yrlst g4s.el933 M-S 85 ..... 88
-4 77*8 J7b 71*4 804
sale U76
lut ref andext g4s ....1956 J-J 1 1764
Car Cent 1st cong4s...1949 J-J 90 ..... 86 J’ly’08
0
4
J’n
e
’0
9
1
08 1114
0
1
1
0
4
Det * Ch Ext 1st g6s..1941 J-J 86 ..... 014J’ne’09
FlaCen* Pen 1st g6 s.1918 J-J 1 0 0 ..... 1074 Aug’OO
864 014
DesMoin Div 1st g4s..1939 A-O ..... 84 78 J’ly’09
1st landgr ext g6 s...1930 J-J
78
80
1094
M
ar’0
6
J-J
C
m
Div
1st
g
34s.......1
9
4
1
Consol gold 6 s......... 1943
-S 85 92 9l4M»y’U9
90 014
J’ne’09
1024 1064 Tol & ChDiv 1st g4s... L941 M
iuT 1064
Ga* Ala By1stcon5s<>1940 J-J
42 564
47 474 474 " 4 42
1064 Mar’09
105 106 Wab PittsTerm1st g 4s. 1954 J-D .....
GaCar * No lstgug6 s1929 J-J
65*4
464 200
424 Sale 42
1064 107* Trust Co certfs...............
8 eab* Boa 1st 6 s...... 1920 J-J 106 .... . 1074J’ne’09
74 10 7 144
..... 74 7
2dgold4s................ 1954
Bher Shr & So NeeM K * X
Warren S e e Del Eac* West
BUSpOca* G NeeAtl Coast E
WashCent S e e Nor Pac
8 oCar * Ga N
eeSouthern
WashO* VV S e e Southorn F-A 92 ..... 924 J’no’09
SouthernPaciiioCo
924 934
J-D 944 Sale 934 944 19 90 944 WashTerml lstgu 3 4 s.. 1945 A
Gold4s(CentPaocoll).k l 949 J
-O 834 Sale 86 4 86*4 106 824 88
85 86 West Maryland1st g4s... 1952 A-O
85 Feb’09
86
00
Registered........... *1949 VI-D
9 69*4 11 61 734
9741054 Gen* convg4s........ 1952 J-J ..... 1024 16
-s 1044 Sale 1044 1064
Conv4s (fullpaid) ..01929 ■
6 Dec’08
-A 074 Sale 974 97
964 984 VVVaCent & P 1st g6s1911 J-J 1114113 1 0
Cent Pao1st ret gug4s1949 F
1 1 4 J’ly’09
UO 117
96 974 West N Y& Pa 1st g6s.. 1937 A-O
F-A 954..... 96 J’ly’03
Registered............. 1949 J-D
874 Apr 09
87 95*8
89*,
894 934
894 044
804 894
Mortguar gold3>as..fcl929 A-O .....
34
Feb’0
7
N
o
v
944
J’ly’0
9
934
9
5
Through St E 1st gu4s’54 F-A
West NoCar S e e SouthBy 1A-O 1074..... 105 Feb’09
Apr 09
10141014
Gal Har & SA1stg6s..1910 M-N ..... 1 1 2 1014
107 109
110
112
1114Apr’09
Mex* Pac1stg6s....1931 -N
05 J’ly’ 08
t J-J
104 104
104 Mar’09
104
4.....
GilaVG&N1stgug6 s.1924 M
1054 Deo’08 .... ...... .....
1F-A
May'09
103 1054
Hons E* WT 1st g68.1933 M-N 105 106 1054
I M-S 874 Sale 874 874 16 83*4 90
10341034
34 Apr’09
1st guar 5s red...... 1933 M-N 105 ..... 10
>J-J 96 ..... 99 Dec’08
10 J’ly’09
1094 1104
H* T C1stg6 slntgu.,1937 J-J 10941104 1
7
Wilkes* East S e e Erie
Consol g6 sInt guar...1912 A-O 1 0 0 ..... l074Nov’0
95
96 96
Gengold4sInt guar..1921 A-O ..... 06 195
95*8Sale 054 964<146 894 964
) J-J 9
Waco&N \Ydivlst g6 s’30 V-N 1 1 0 118 16 Dec’06
JM-N 3 934 034 9341 1 93 05
A* N W1st gugos_1941 J-J 1074 ..... 1074Jan 09 ... 10741074
.UESCEEEANKOUS BONUS—Concluded.
M is c e lla n e o u s
.Uniiiiliicturluu A iiiiliiHii'iui
924 93 17 92 94
954 389 95 964 AdamsEx ool tr g4s..... 1948 M-S 924
, Armour&(Jo1streal est44s’39 J-D 95 Sale 95
41 Oct ’06
F-A
894 54 77 90 B’kl’nFerryOolstconsg5s’48 A-0
Beth Steel .1st ext st 5s.. 1926 J-J 89 Sale 89 9
904
904 3 90 934
9
0
*8
S
a
le
Cent Leather20-yeargos.1925 A-O 984 Sale 974 9 62 964 99 Bash Terminal 1st 4s.... 1952 J-J 95 .... 954 J’ly’0
0 .. .. 014 054
12
Consol 68................. 1955 J-J
774
73
4
784
Distil SeoCorconv 1st g6s.’27 A-O 764..... 764 10
100 Jan’08
6 1 101 106V, ClueJo* . t Yardcol g5s.1915
Int Paper Co1st cong6s.1918 F-A 10441044 105
4
7
Apr’0
8
3
6
A
-O
Consol convsf g6s.... 1935 J-J 874 sale 874 874 1 04 1 0805 884 Det M* MIdgr moomos..1911
10 1* 4
Int St Pomp10-yr cony. 6s’13 J-J
Institution for Irrlg Wks
1043. 10 4 * 4
EackawSteel 1st g 6s_1923 A-O 10441054
...... 98 97*8 98 4 93 99 & Dovel of Agrlcul s t
5 10 92 95
-N 95 954 05 9
N YAir Brake 1st conv 6s’28 M-N 110 Sale 115 1 1 5 4 14 108 116
4 48 (otfa)..........................1943 M
70*, 269 60 77
-O 70 Bala 69
Bepubl&S lst*coltros.l934 A-O 10141014 1014 1 0 1 4 1 1 98 1 0 1 * 8 Int AlercanMarino 44s..1999 A
844
J’ly’0
9 . . . . 844 884
F-A
834....
2
9
8
9
1*4
Union Bag& P let sf 6s..1930 J-J 974..... 97*» 98
int Navigation 1st af 68.1999
...
.... 96 Aug’08 . . ..
J-J 96
6 6 1 0 4 4 1 0 6 4 Newp NoShip* DD5 s<11990 F-A
USEeathUosfdebg6a..l913 M-N
0a6le
4 10006 10
04
94 .... 94 J’ne’00 .... *#T*
9 1*4 N Y book 50-yr 1st g4s..1951
904 1 2 1 08 4*4
USRealty&I convaebg5s’24 J-J .....
00 1S
9
0
90
Jan
’0
0
90
.
.
.
.
M
-N
8
6
4
8
8
2
4
1
0
5
*
8
6
1
U SRubber 10-yrcoll tr 6s.’18 J-D 1054Sale 105 105*8 236 1 0 2 4 1 0 6 * 4 ProvidenceSeodeb4s_1957 MS 96 .... 964 Dec’OH
USSteel Corp—1coup.<(1963 M-N 106 Sale 105*4 106*. 1 I 0 1 * s 1 0 6 4 Provident Loan Soo44s.1921 J-J ..... 95 1004Sep’05 ....
-N 1024 ..... 106 1064
S
t
J
o
s
e
p
h
Stk
Y
ds
1st
4
4s.
1930
.....
j Sf 10-60yr 6s. lreg ..<(1963 M
.....
112 J’ly’04
68 93*4 100
uba Wat Co cong6s..1923 J-J
1Va-Car Chem1st 15-yr 6s1923 J-D 004 Sale 984 994
91 12 80 03
944 6 9 904 954 SUY
SBed* Kef 1st sf g6s. 1931 J-J 90 FI 91
iWestInghouseE & Mst os ’31 J-J 94 Sale 94
*NopriceFriday; latest bidandaskedthisweek. aDuoJan b Due Feb U DueApr e DuoMay gDueJ’ ne ADue J’ly pDae Not *OptionSal*
B O N D .- .
N . T . STO CK E X C H A N G E
a sh
j
OHIOAG-O STOOK EXOHAJTG-E
Stock Record— Daily, Weekly and Yearly
S T O C K S — H IG H E S T A N D L O W E S T S A L E P E A C E S
S a t u rd a y
J u l y 10
M onday
J u ly 12
T uesday
J u ly 13
* 18 0
19 0
* 18 0
19 0
* 18 0
*2%
3
*21-1
3
*2%
* 10
12
*10
12
* 10
* 1 1 2 % 1 1 3 % * 1121- 1 1 3 % * 1 1 2 1 *39
40
39
391
*39
*26
28
28
*26
*25
*9 % 10 %
*9 % 10 %
*9%
* 2 0 % 23 % *20 34 22
*2 0 %
*50
51
*4 9
50
*4 9
84^4
*83
85
*83
85
* 15 %
16 % * 1 5 %
16 1- * 15 %
48
48
48
*4 7%
*47
22
*20
20 % 20% * 2 0
*67
69
69% 6 9 1- *6 7
*54
*54
55
*54
55
4878
4834 48%
48% 4878
+ 1 0 1 % 10 3 % + 1 0 1 % 10 3 % * 1 0 1 %
19 0
* 18 0
19 0
3
*2%
3
12
12
* 10
113 % * 1 1 2 1 - 11 3 1 383.
40
38%
26%
26% * 2 5
10 %
*9 % 10 %
*20-54 22
22
49
*4 8
50
S4^4 *8 4
84%
16 %
16 % * 1 5 %
47%
47
48
*20
22
22
69
69
69
55
55
55
49
48% 49%
10 3 % * 1 0 1 % 10 3 %
S a les
ol 'Jis
W eek
S h a re s
F r id a y
J u l y 16
T h u rs d a y
J u ly 15
W edn esday
J u l y 14
L a st S a le 18 0
L a st S a le 2%
L a st S a le 10
A p r ’09
J u l y ’09
J u l y ’09
* 112
113
112
112
25
*38
39
+ 37
39
13 0
J u l y ’09
L a st S a le 2 7
10
10
*9
10
2078
21
2034 2 1
J u l y ’09
L a st S a le 50
84% 84% * 8 3
85
L a st S a le 17 % J u n e ’09
*47
49
*47
48
*20
21
*20
21
*69
71
*6 9
70
10 0
55
55
56
55
14 9
4734
4778 48%
48% 2 , 7 1 2
L a st S a le 1 0 1 % J u l y ’09
STO CKS
C H IC A G O S T O C K
EXCH ANGE
Hirsute sin es
J a n . 1 19 0 9
I
H ang 1 ;or i'r e v io u s Y e a r
(19 0 8 )
H igh est
_. ,
I ? a i1 r o * « fa
C h ic a g o C it y R y „ — .,10 0
C h i c a g o & O a k P a r k . ,1 0 0
O * p r e f _________ _ ,1 0 0
C h fa R y s p a r t r t f T
C h ic R y s p a r t c t f ” 2 ’
C h ic R y s p a r t c t f ” 3 ’
C h ic R y s p a r t c t f ’ ’ 4 ’
C h i c a g o S u b w a y ______
K a n s C it y R y & L t _ .
H o p r e f ______
.
M e t r o p o l VV S K i e v . .
H o p r e f ___
N o rth w e ste rn E le v _ _ I
, H o p r e f _____________
S o u th S id e E le v a t e d
S tre e ts W S ta b le C L .
D o p r e f _____________
H ighest
I8rv A fc h 8 19 0
Feb
2% J ’ l y 1
4 J a n 22
9 Ja n 21
15 Ja n 2
10 7
J ' n e 1 11534 J a n
1
36
J ’n e 2 3
4534 J a n
26
M a y 21
30 J a n 2!
9
M ay 3
13*2 J a n
:
2034 J ’l y 1 5
29% J a n
:
36
F e b 24
52
J ’ly
79 J a n
S
86% M a y lN
16 J ’ n e 2 4
19
M ch
64 J ’ n e
47 J a n 14
20% J ’l y 10
25
M ay 6
73
63 Ja n
6
M ay 7
6
5 0 J a r . 25
—1
M ay 7
29% A p r 1 3
5 1 % J ’ n e 19
97 F e b 15 10 7 % J ’n e 18
... ,
M i s c e l la n e o u s
11%
11%
11%
11%
* 11%
11%
11%
U%
11%
11%
11%
11%
9 4 5 A m e r ic a n C a n __________1 0 0
14 % M a y 2 (
77* J a n 30
80% S I
8 13^ 8 13 8
81
80% 8 1
81
8 0 12 8 1
807s,
8 1%
1, 0 3 7
H o p r e f ____ __________ 1 0 0
86
J ’n e 4
7 134 J a n
6
*2 0 4
2 10
*201
2 10
*20 4
2 10
*204
2 10
L a st S a le 20 3 M a y ’09
A m e ric a n R a d ia t o r . . 1 0 0
20s
M a y :■
20
0
J
a
n
1
1
*
1
2
7
12
9
12
9
*
1
2
7
*
1
2
7
12
9
* 12 7
12 9
* 12 6
12 8
13 0
13 0
25
D o p r e f ______________ 100 1 2 5 J a n 2 1 1 3 0
J ’l y It
*58
60
60
*57
5 8 1*58
*58
00
L a st S a le 60
J u l y ’09
A m e r S h i p b u i l d i n g ___ 1 0 0
54% A p r 21
60% M a y l i
110
* 10 9
no
* 10 7
* 10 9
110
* 10 7
110
110
10 9 % 10 9 % ► 10 6
1U
D o p r e f ______________ 100 1 0 1
F e b 24 1 1 0
J ’n e 12
L a s t S a le
J u n e ’09
H o o th ( A ) & C o _______1 0 0
% J ’n e lO
1 Ja n
L a s t S a le
J u n e ’09
D o p r e f ______________ 100
% M ay22
5 Ja n
5
16
16
16
16
15-% 1 6
15 7 8 16
1 5 3 1 15 %
16
16
1 ,6 3 4 B o o t h F i s h e r i e s c o m _____
10
M a y 24
I 634 J ’ n e 28
5234 5 3
*52
53
52 % 5234
52% 52%
5234
5278
52 % 521
15 7
D o p r e f ______________
48 J ’ n e 16
67 J ’n e 8
55
*53
53
54
*55
56
5334 53% * 5 3
54
*52
54
16 2 C a l & ( Jh lc C a n a l & D l l o o
5 1% J a n
*
5 8 A p r 16
*1
*1
*1
1%
1%
*1
1%
1%
L a st S a le l
J u l y ’09
C h i c B r e w ’ g & M a l t ’ s ___
1
A p r 27
1
A p r 27
*2
3
+2
3
*3
3
*2
3
*2
4
2%
2%
20
D o p r e f __________________
2 % A p r 27
2% A p r 27
*23
25
*23
25
24 % 2 4 1- * 2 3
25
2 3 % 23 % * 2 3
24
8
C
h
ic
P
n
e
u
m
a
t
i
c
T
o
o
l
.
1
0
0
20
M ch 24
27*3 J a n
4
13 2
13 2 % 1 3 2
13 2 % 13 2 % 1 3 3
* 13 2 % 13 3
13 2 % 13 234 * 1 3 2
13 3 %
2 8 2 C h i c a g o T e l e p h o n e ___ 1 0 0
12 7 J a n
4 13 4
M ch 24
L a st S a le 2%
M c h ’08
.
Do
r i g h t s ______________
14 2
14 2 % * 1 4 2
1+ T ♦ H i
14 4
* 1 4 2 " 144" " 14 2
1423.,
14 2 %
14 2
19 8 C h i c T i t l e & T r u s t ____ 1 0 0 1 1 7
J a n 18 14 2 3 4 J ’ l y 16
12 13 8 12 13 8 12 13 S 12 1%
12 1% 12 1%
12 1
12 1
12 1
12 1
12 1
12 11,)
1 8 0 C o m m o n w ’ t h - E d l s o n .l O O
10 7 J a n 2 1 1 2 1 % J ' l y 1
L a st S a le 24% Ju n e '0 9
C o r n P r o d R e f C o C o m . __
17 % F e b 2 5
24% J ’ n e 1 5
L a st S a le 88% M a y ’09
Do
Do P r e f...
70% M ch 25
88% M a y l 9
+ 12 8 % 12 9 1* 12 8 % 12 8 1 - 12 8 % 12 8 % 12 8
12 8
12 7
1 2 7 1 j 12 6 %
12 7
2 4 9 D i a m o n d M a t c h _______1 0 0 1 1 7
Ja n
9 13 0
J ’l y 1
*46
47
*4 6
47
47
47
4 6 146% 47
*46 %
47%
1 5 5 I l l i n o i s B r i c k ___________ 1 0 0
3
8
J
a
n
26
49 J ’ n e 26
*43
45
45
*43
*43
45
*43
45
L a s t S a le 44
J u n e ’09
M a s o n i c T e m p l e __________
43 J a n
5
45 F e b t
------ . . . . —
—
—
L a st S a le 2%
J u n e ’07
M llw & C h i c B r e w i n g _____
....................... —
L a st S a le 2 1
J u n e ’09
D o p r e f _________________
20% A p r 27
21 J ’ n e 28
10 5 % 10 6
10 6
10 7 1 - * 1 0 0
10 7
* 10 6
10 7
* 10 5
10 7
10 6
10 6
3 5 9 N a t i o n a l B i s c u i t _______1 0 0
97% J a n
2 10 9 .Tan 16
* 12 4
12 5 % 1 2 5 1 - 12 5 % 12 4 % 1 2 5
* 12 4
12 5 % + 12 4
12 5
12 4
12 4
10 5
D o p r e f _____________ 1 0 0 1 1 8 % F e b 15 12 5 % J ’l y 1 2
*9 0 % 9 1%
92
92
91
91
91
91
*9 0 % 9 1%
91
9 1%
1 2 6 N a t i o n a l C a r b o n . _____ 1 0 0
94
J ’n e 8
8
2
J
a
n
14
118
118
* 117 % 12 0
118
118
* 118
12 0
* 117
118
118
* 117
18
D o p r e f _____________ 1 0 0 1 1 0 J a n 1 5 1 2 0
Apr 1
* 114 % 114 % * 114 % 114 %
114 % 114 %
114 % 115 %
1 1 5 3 s 116 3 8 115 3 4 11 6 % 1,8 4 6 P e o p l e s G a s L & C o k e . . 100 10 2 J a n
Apr 8
5 118
L a st S a le 1 1 - 1 6 M ch ’09
D o r i g h t s ___________
l
M c h 20
% F e b 25
*9 2
92%
93
94%
94
94
94% 9 5
9 4% 9 5
9 1%
95% 3 , ? 2 0 S e a r s - R o e b u c k c o m . . 1 0 0
55 Ja n
5
9£%
J ’ l y 16
* 112
112 %
112
112
* 112
1 1 2 1 - 112 % 1 1 3
* 112 % 1 1 3 1 * 1 1 3
114
18 7
D o p r e f _____________ 1 0 0
5 116
J ’n e i4
10 8 % 10 8 % 10 8 38 10 8 % 10 8 % 10 8 % 10 8 % 10 8 12 10 8 % 10 8 % 10 8 % 108% 1 ,20 6 S w i f t & C o ........................... 1 0 0 1 0 1 J a n
10 0 % J a 1 9 1 1 1 7 s J ’ n e lu
L a s l S a le
F e b ’09
__
Do
r i g h t s _______________
2 0 J a n 18
6 Feb 5
* 13 5
14 0
* 13 5
110
* 13 5
13 7
13 7
13 7
* 13 6
14 0
14 0
* 13 6
10 T h e Q u a k e • O a ts C o . .1 0 0
119
Ja n
5 13 7
J ’ l y 14
* 10 2
10 2 % * 1 0 2
10 2 % 10 2 % 10 2 % 10 2
10 2 % * 1 0 2
10 2 % * 1 0 2
10 2 %
40
D o p r e f _____________ 1 0 0
98% J a n
2 10 3
M a y l7
L a s t S a le 1%
A p r ’09
U n it B o x B d & P C o . 10 0
% F e b 19
15 8 M c h 26
—
L a s t S a le 3
A p r ’09
D o F u l l p a i d _________
....................... —
2% F e b 26
....................... — - — 3% M c h 2
L a st S a le 7%
A p r ’09
.. .
D o p r e f _____________ 1 0 0
334 M c h *
91- J a n
4
15 % 15 % * 1 5
15 %
15
15 % * 1 5 %
15 %
15
15
15
15
379
D o F u l l p a . d ________
10 % M c h T
16% J ’ n e 5
20
* 17
20
* 17
* 18
20
* 18
20
* 17
20
18
18
W e s t e r n S t o n e ________ 1 0 0
15
F e b 16
25
M ch 15
ago Bond Record
BO N DS
C H IC A G O S T O C K
EXCH AN GE
W eek en d in g J u l y 1 6
In ter ext
I ’erloa
J - 1
J - D
A - O
A m e r S t r a w b ’d 1 s t 6 s . 1 9 1 1
A r m o u r & C o 4 H s ____ 19 3 9
A u r o r a E lg i n & C h l c 5 s 1 9 4 1
C al & S o C h ic H y C o
1 s t M 5 s ........................... 1 9 2 7
C a s s A v & F G ( S t L> 5 s ’ 1 2
C h ic B o a r d o f T r a d e 4 s l 9 2 7
C h i c a g o C i t y R y 5 s ___ 1 9 2
C h ic C o n s o l B r & M I t 6 s ____
C h ic C o n s o l T r a c 4 H s - 1 9 3 0
C h ic A u d it o r iu m 1 s t 5 s lU 2 9
C h ic D o c k C o 1 s t 4 s . . 19 2 9
C h ic J c R R 1 s t M g 5 3 .19 4 5
C h ic N o S h o r e E l e c 8 s . 1 9 1 2
C h ic P n e T o o l 1 s t 5 s _ a l 9 2 l
C h ic R y 5 s _________ . . . 1 9 2 7
C h U R y s 4 -5s s e rie s “ A ’
C h ic R y s 4 -5 s s c rie s ” B*
C h ic R y s 4-58 s e r ie s ” C ’
C h i c R y s c o ll 6 3 ___ 1 9 1 3
C h ic R y ; F u n d C s ------- 1 9 1 3
C h ic R y s T e r n O t fs 1 s t 5 s .
C h i c R 1 & P R R 4s — 2 0 0 2
C o l l a t T r u s t g 5 s ___ 1 9 1 3
C h i c T e l e p h o n e 5 s ____ 19 2 3
C o m m o n w -E d ls o n 5 .1 9 4 3
C h ic E d is o n d e b 0 s l 9 1 5
1 s t g 5 s _____J u l y 1026
D e b e n t u r e 5 s _____ 1 9 2 6
C o m m o n w E l e c t 5 s M 9 4 ,"
I lli n o i s T u n n e l 5 s _____19 2 8
K a n C it y R y & L ig h t
C o 5 s ........................... . . . 1 9 1 3
K n tc k b ’ k c r Ic e 1 s t 5 S .1 9 2 8
L a k e S t E l— 1s t 5s ..1 9 2 8
I n c o m o S s ____________ 1923
M e tr W S id e E l—
1 s t 4 s ..................................1 9 3 8
E x te n s io n g 4 s . .
19 3 8
N o rth W est El 1s t 4s
io n
N o W G - L & C o k e C o 5 s ’ 22
O g d e n G a s 5 s ___________ 1943
P e a r s o n s - T a f t 5 s ______ i 9 i e
4 .4 0 s ........................... ...
4 .6 0 s S e r i e s E _____
4 .8 0 s S e r i e s F ______
P e o G a s L & C 1 s t O s . . 194 3
R e f u n d i n g g 5 s _____ 19 4 7
C h ic G a s L & C 1 s t 5 s 19 3 7
C o n su m G a s 1 s t 5 s . 19 3 6
M u t’ l F u e l G a s I s t 5 s l9 4 7
S o u t h S i d e E l e v 4 1 < s . l 924
S w i f t & C o 1s t g 5 s — 1 9 1 4
U n io n E l ( L o o p ) 5 s — 1 9 4 5
U n io n P a c i f i c c o n v 4 s . 1 9 1 1
U n it e d B o x B o a r d c o l 6s ’2f
G e n e r a l m t g C s __________
W e ste rn S to n e C o 5 s . .1 9 0 9
A - O
N o t e .— A c c r u e d In t e r e s t
m u st
n in
tio n i
D eo. 3 1 19 0 8 .
I* ric e
F r id a y
J u l y 16
R id
____
19 3 %
A sk Lo w
S a le
F - A
J - J
J - D
l' - A
1 - J
j
-1 1
F
A
A - O
M - S
A - O
J - J
f3 • A
V- 0
J - I)
F - A
F - A
F - A
----M - N
M « S
J - D
M - £
J - J
A - O
11 - S
M - S
J - C
____
---75%
10 13 8
10
87
90
10 1%
....
{ 101%
---....
1102%
H 027S
___ _
100-%
10 1%
10 2 -4
—
101%
1 0 1%
10 3 %
—
U -N
A - O
J - J
Feb
....
....
....
—
....
90
—
F
.)
U
Q
.
J
M
- A
J
• h
- M
- N
- D
- S
M
A
M
J
J
M
J
J
A
M
-
N
O
S
J
D
N
J
J
O
N
.........
1 - J
110 1%
....
....
10 3 %
....
....
....
84
....
94%
____
90
10 0
90%
08
99
____
10 3
10 4
10 2%
110 2
9.5%
____
W eek's
R a n g e or
L a st S a le
10 2
- __ _
S a le
____
....
....
U tah
10 1 7 „
101%
S a le
____
10 3 3 s
b a le
S a le
8 1%
94%
....
98
....
....
____
____
10 3 %
104%
10 2 6
10 2%
9 51;
....
8 0 1- S a le
8 1 “ S a le
—
—
18 5 D e c
3% A u g
10
Aug
119
N ov
47 J ’ ne28 D e c
13 % D e o
30% D e c
4734 N o v
86% N o v
19 J a n
54
M ay
22 D ec
62% D e c
71 Ja n
34
N ov
10 3
J ’n e
4
4 1%
12 5
116
37
91
72
3
Feb
Ja n
Ja n
Apr
M ch
Ja n
D ec
D ec
10 3s
7678
tOO
128%
63
10 4
30
10 0
N ov
D ec
D ec
N ov
N ov
N ov
Ja n
M ay
40
1
2
20
10 6
34
10 0
80
Feb
O ct
NovD ec
Ja n
Feb
Ja n
Ja n
67%
1%
4
3 0 1*
15 3
2*4
116
110
D ec
Aug
Apr
Aug
Sep
Feb
D ec
O ct
113
30
38
Ja n
Ja n
J ’ne
13 7
Aug
42% D e c
46
J ’l y
19
J ’ne
70 J a n
10 13 4 J a n
51
M ch
91
M ch
80% J a n
20
97
12 0
87
US
10 0
J ’ly
D ec
Aug
D ec
N ov
D ec
24 J a n
72 J a n
88% J a n
56
D ec
10 2
D ec
IO534 S e p
114 3 4 J a n
87 J a n
% J ’l y
13 4
Ja n
10 0
J ’ly
13 , J a n
1% J ’l y
12
Ja n
T i% * o c ’t*
17
Apr
Chicago Banks and Trust Comnanies
H 'ds
s o lo
No
10 0 M ch’ 07 ___
95%
95%
10 2 J ’n e ’09
10 1% I-'eb 0 9
10 0 M ay ’ 07
4I
10 3 %
10 3%
10 3 A p t 3D
£0 A p r DC ____
90% J a n ’06
Range
-for
Y e a r 19 0 9
Lo w
Ilig i
96%
9678
10 2
10 1
10 2 110 1%
10 3 % 10 5
50
50
72
100%
98%
84%
89
10 1%
101%
101%
__
101
J0 3
10 1
75 %
10 2 3 .
96%
89191
10 2 3 s
102%
1021-
____
S a le
S a le
9 6 1S a le
16 0 J a n
1% F e b
6% D e c
8 434 J '11
38
O ct
20 N o v
934 S e p
15
Feb
30 O ct
68 S e p
12 % N o v
42 J a n
13 3 4 A u g
46
Aug
42 A u g
26% A p r
85
Apr
87 F e b ’ 06
747S
75%
13
10 13 S lu ll8
96 J u l y ’O'.
87
87%
21
89% J ’n e '01
7
10 1%
10 1%
101% 101%
5
4
101% 101%
6 6 % A U g ’08 ____
6 6 1 - J ’ l v ’08
10 3 3 S 103%
5
10 234 10 27s
19
10 0 J u n e ’ Us
100%
10 2%
3
10 1% J ' n e ’09 _ J_ ^
10 2%
102-%
5
80 D e c '0 8 —
98% J ’ no’ 09
96 M Ch’ 09
90% J ' n e ’09
16 M a y ’ 05 —
101%
10 3 %
10 3 1;
10 0 % 10 1%
10 1
10 2%
1 0 2 3 1 10 3 %
.......................
98
95
73
983)
96
91
83%
83%
14
8378 J ’ n e ’ 09
94
947,
38
9 8 % J u l y ’ou
6
97
97
10 0 % M ch ’ 09 ____
97 M ch ’09
83
8 6 182% 841)
92% 9 6 198% 99 "
93
98
100% 100%
90% 98
10 0 M ch’ 09
1213.) M a y ’ 09 ____
10 3 %
10 3 %
29
1 0 4 % J u ly ’09
11)2% J ' n e ’09
10 2 A p r'0 9
95% Ju ly'0 >) . . . .
10 1% J ’ n e ’ 09 _ _ __
95 J ’ n e ’ 09
1 1 4 N o v '0 -i _ _
80%
8 0 16
80%
81 ‘
12
85% J’|y'OS —
10 0
12 0
10 3
10 4
10 2
10 1%
94%
10 0 %
92
10 0%
12 2
104
104%
10 2 8
10 2
96%
10 2
96
70
J0 %
80%
81
ac a d d e d to a ll C h i c a g o * b o n
NAME.
O utstan d
in g
S to ck
T
S v rp tu s
and
P ro fits
D iv id e n d R eco rd
In
In
19 0 7
19 0 3
P e r L a st P a i d
iod
%
s B a n k e r s N a t t o n a l ______ *2 ,0 0 0 ,0 0 0 5 1,2 8 4 ,7 7 0
8
8
Q-M J u n e 09) 2
C a l u m e t N a t i o n a l ________
10 0 .0 0 0
6
An D ec 08,’ 6
36 ,2 7 6
0
C h i c a g o C i t y . . __________
50 0 .0 0 0
19 6 ,7 4 1
10
i- j J u ly ’09,' 5
10
s C o m t n e r c la l N a t i o n a l 3 .0 0 0 .
000
4 ,3
44 641
12
12
0 -1 J u l y '091 3
C o n t i n e n t a l N a t i o n a l ___
4 .0 0 0 .
000
3 ,9
5 2 ,8 4 9
8
8
0 -1 J u l y 097 2
C ook P o S ta te S a v in g s ..
50 .0 0 0
6 ,2 7 9
0
Q-M J u l y '09,' 1%
6
C o r n E x c h a n g e N a t i o n a l 3 .0 0 0 .
5 ,1000
S 9 ,9 6 s
12
12
Q -l J u l y ’09,’ 3
D r c x e l S t a t e . _____________
20 0 .0 0 0
3 7 ,2 4 5
6
0
A - O A nr IK).’ 2%
D r o v e r s D e p N a t i o n a l ___
6 0 0 ,0 0 0
4 13 275
8
9M ( V I J u l y TO. 2 1E n g l e w o o d S t a t e ------------2 0 0 .0 0 0
3 3 ,9 0 0
6
0
Q -l J u l y '1)9.' 1%
F i r s t N a t i o n a l ____________ 8 .0 0 0 .
S ,000
2 2 7 ,3 6 '
12
12
Q-M I ’n e 3 0 0 9 . 4
15 0 .0 0 0
F i r s t N a t E n g l e w o o d . . __
16 5 ,0 4 2
10
Q-M J ’ n e 3 0 1)9 2%
10
1.0 0 0 .0 0 0
F o re m a n B ro s B ’ k ’g C o .
5 5 5 ,0 9 8
P rlv ate B a nK
1.0 0 0 .0 0 0
F o rt D e a rb o rn N a tio n a l.
8
4 3 0 ,9 6 5
8
Q -J J u l y '0 9 , 2
5 0 0 .0 0 0
H a m ilt o n N a t i o n a l ______
l- J J u l y 0 9, 2%
16 0 ,5 6 7
5
5
1.5 0 0 .0 0 0
H ib e r n ia n B ’ k ’ g A s s n ___
8 0 6 ,6 4 1
8
8
Q -J J u l y ’0 9. 2
2 0 0 .0 0 0
K a s p a r S t a t e B a n k ______
l- J J u l y *09. 5
1 1 8 ,2 5 0
10
10
1.2 5 0 .0 0 0
L iv e S to c k E x c h a n g e N a t
Q-M
3 9 6 ,8 3 0
10 + 2
J ’e 3 0 '0 9 .2 1*
3 0 0 .0 0 0
M o n r o e N a t i o n a l ------------6 3 ,1 7 8
4
4
Q -F M a y l 0 9 . 1
2 ,0 0 0 ,0 0 0 1, 1 6 4 ,8 3 9
N a t B a n k o f R e p u b lic —
8
8
Q -l J u l y "09, 2
N a t i o n a l C i t y _____________
1.5 0 0 .0 0 0
Q
-l
5 2 0 ,4 7 4
3
J u l y tW , 1%
2 5 0 .0 0 0
N a t i o n a l P r o d u c e ________
6 6 ,8 8 5
. . . . J u l y '0 9 . 1
N o r t h A v e n u e S t a t e _____
2 0 0 .0 0 0
6 7 ,7 2 9
2M Q -J J u l y ’0 9. 1 1 N o rth S id e S t a t e S a v in g s
50 .0 0 0
12 ,10 2
6
0
Q -J J u l y IK), 1 1 2
N o r t h W e s t S t a t e _______
20 0 ,0 0 0
9 ,1 6 2 —
lu ly '0 9 . 1%
—
—
P r a i r i e N a t i o n a l _______
2 5 0 .0 0 0
7 2 ,6 6 4
P r a i r i e S t a t e ___________
50 0 .0 0 0
Q-M J u n e '0 9 . D 4 5 ,5 4 6
8
8
R a i l w a y E x c h a n g e ______
26 0 .0 0 0
6 ,14 1
2
4
J a n ’0 3 . 2
S e c u r i t y _______________
3 0 0 .0 0 0
____
14 6 10 2 ____
Ju ly ’0 9 . 1%
S o u th C h ic a g o S a v i n g s ..
2 0 0 .0 0 0
7 8 ,1 7 6
6
Q -J J u l y ’09, j i 2
0
S ta te B an k o f C h ic a g o -.
t il.0 0 0 .0 0 0 1 4 1 4 ,7 5 4 9 + 1
Q -J J u l y •09. 3
11
S t o c k Y a r d s S a v i n g s _____
2 5 0 .0 0 0
17 9 ,3 5 8
0
J - D J u n e 3 0 0 9 .2
7
U n io n B a n k o f C h i c a g o . .
20 0 .0 0 0
4 2 ,7 2 6
6
0
M-N M ay DO. 3
U n io n S t o c k Y a r d s S t a t e
2 0 0 .0 0 0
6 5 ,6 2 4
6
Q -J J u l y *09. 1%
6
A m e r ic a n T r u s t & S a v g s 3 .0 0 0 .
000
2 ,7
0 9 ,5 9 4
8
Q -l J u l y ’0 9 ; 2
8
2 .0 0 0 .
000
C e n t r a l T r u s t C o o f II I .*
7 9 4 ,S26
7
7
Q -l J u l y '09.' 1%
n 50 0 ,0 0 0
C h i c a g o S a v B k & T r _____
8 0 ,5 0 8 . . . .
1 H Q -l J u l y 0 9 . 1%
5 .0 0 0 .
C h i c a g o T i t l e & T r u s t ___
r 1 .000
2 0 S ,6 19
6
6
Q -l J u l y ’0 9 ; 1%
6 0 .0 0 0
C itiz e n s T r u s t & S a v in g s
8 ,4 5 3
3
A -O A p r 0 9. 2
4
6 0 0 .0 0 0
C o lo n ia l T r u s t & S a v in g s
6 0 0 ,4 7 1
8+ 2
10
Q -J J u ly ’0 9. 2%
2 0 0 .0 0 0
D ro v e rs T r u s t & S a v in g s
9 8 ,3 7 0
6
7M Q -J J u l y ’0 9 ; 2
1.5 0 0 .0 0 0
F a r w e l l T r u s t C o _____
2 1 8 .0 8 1
Q -J J u l y ’0 9 , 1%
2 .0 0 0 .
00605 ,2 3 4
F i r s t T r u s t & S a v i n g s ___
2 ,6
Q-.M lu ly '0 9 . 4
2 0 0 ,0 0 0
G u a ran te e T ru s t & S a v .
7,4 0 9 ln c o rp o rate d .9 0 8 V 8 7 ,p . 1 1 3 8
1.2 5 0 .0 0 0 1 . 0 5 1 ,9 6 2
H a rrts T r u s t & S a v in g s .
6
Q -J J u l y ’0 9 ; 2%
6 ,0 0 0 ,0 0 0 8 ,3 8 6 ,8 4 2 16 + 4 10 + 4
Illin o is T r u s t & S a v ln g s .
7 J u n e 3 0 U9. 4
2 0 0 .0 0 0
K enw ood T ru st & S a vg s
Q -J J u l y -99. 1%
6
6
44,669
2 0 0 ,0 0 0
L a k e V i e w T r u s t & S a v j+ s
2
3 4 ,8 8 9
4M Q -l J u l y ’0 9 ; 1%
3 .0 0 0 .
000
M e rc h a n ts' L o a n & T r C o
12
12
4 ,9
8 3 ,2 3 2
Q -l J u l y w : 3
7 5 0 .0 0 0
M e tro p o lita n T r u s t & S a v
e
6
2 3 9 ,3 8 5
Q -J J ’n e *09,’ 1%
1 .50 0 .0 0 0 2 . 1 3 8 , ' 3 3
N o r t h e r n T r u s t C o ----------8
8
Q -l J u l y 0 9 ; 2
N o rth -W e ste rn T r & S a v
20 0 .0 0 0
6
5 1 ,6 5 6
6
J - J J u l y "09,' 3
P e o p le ’ s T r u s t & S a v in g s
2 0 0 ,0 0 0
0
Q -l J u l y 1)9 . 2
0
9 8 ,5 7 7
P u ll m a n T r u s t & S a v i n g s
* 5 0 0 ,0 0 0
17 7 ,7 4 3
*8
8
Q -l J u l y *09; 2
S t o c k m e n ’s T r u s t & S a v 2 0 0 ,0 0 0
2 5 ,3 6 3
6
5
J - l J u l y U 9. 2%
U n lo n T r u s t C o __________
J.0 O 0 ,000 1 , 1 8 8 , 5 1 1 . . . .
Q-M Ju n e 3 0 09. 2
8
W e ste rn T r u s t & S a v in g s
1. 0 0 0 .
000
2 0 4 ,9 7 3
6
Q -J J u l y *09; 1%
8
W e st S id e T r & S a v B a n k
200 .000
6 9 ,3 3 9 B eg an bu«tne S3
S e p t 5 19 0 §
W o o d la w n T r & S a v B a n k
2 0 0 .0 0 0
6
3 5 ,9 2 0
6
Q - J J u l y V 9 J 1%
<1 p r ic e s
.
o ia ln
. . .
a u r ,p ‘ u s
ne in c r e a s e d .
<7 m v i a e n o s a r e p a i a y - j . w lt n e x t r a p a y m e n t s Q - F .
r A s of da
s B a n k e r s N a t i o n a l a n d C o m m e lc la l N a t i o n a l b a n k s t o b e m e r g e d .
V . 89. p. 16 .
v C a p it a l In c re a s e d t o * 1 ,5 0 0 ,0 0 0 . V .8 8 , p . 1 4 7 7 .
BOSTON STOCK EXCHANGE— Stock Record. Daily. Weekly and Yearly
Sales
S / IA R V P R IC E S — MOV' P E R C E N T O M P ftlC E S
S aturday
J u ly 10
M on d a y
J u ly 12
T u e sday
J u ly 13
T h ursd ay
J u ly 15
W ednesday
J u ty 14
0) the
F rid a y
J u ly 16
W eek
Shares
STOCKS
BOSTON STOCK
E XC H AN G E
Range sin ce Jan .
1909.
1
Highest
Range 1or P revious Ycc\
<1908)
H ighest
Railroads
67=8 Pc!) 1 0 U., Dec
98 Jan 13 117*2 J ’ly 8
310 Atcti T op & Santa F c.100
831’ Mch 10414 Dec
10034 Ja:-. 15 106 J ’ue 7
Do pref....................
31
230 Dec
1
8
1 1 ’ Jan
23914
Apr
8
lie Boston & A lbany------ 100 225 Jan 4 132*8 Apr 22
12U’ Dec 140 Jan
127 Boston E levated-------- 100 124i4 Jar. 7 236 Mch 19 2001] Feb 228 Dec
224
Jan
12
10 Boston & Lowell---------100
140 Jan
111 Oct
150 J’ n cl5
61 Boston & Maine---------100 1321’ Jan 2 160 Apr 3 136 Feb
166 Jan
Do pref____________160 151 Feb 26
50 i N ov
284
Jan
Jan
9
301
297
Apr
26
Boston & I’rovidence-100
y
Mcl
13 Mch
Feb
3
22
*298 .
1134 Jan 2
Boston Suburban El Cos.
18 Nov
45 Jan
75 Feb 3
*14
1512
00 *2 Jan 5
D o pref_______________
17 Jan
141’
Mch
12
8*2 Nov
*___
71
10
MaylO
Boston & W or Elec Cos __
601J .1 an
47i2 Dec
* 10
-~
52 Jan 5 58*2 Apr 2)
Do pref_______________
151>i Deo
126 “ Jan
* . __ 56
Chic June Ry & U SY.100 143 Jan 25 162 J ’ne 23
12 0 1 ’ Dec
10 2 Jan
123
J
’ly
6
Mch
19
116
Do pref___________ 160
5 163 Dec- 165 ‘ Met)
Con & Mont. Class 4 . . 1 0 0 170 Jan 26 173 Mch
Mch 25 13314 iSep 138 Apr
Conn & Pass Riv pref-100 139 Jan 2 14212
263 Dec
244 Jan
275
Mch
10
Jan
15
Connecticut R iv e r ...100 267
133 Nov
13 0
Feb 5 117 Jan
200 Fitchburg, pref---------- 100 130 M ayll
Dec
86
Apr
6/
9434 J ’ne 16
13048 13043
Jan
6
75
21 Ga R y & Electric------ 160
85 Dec
Oct
81
8
8
J
’ne21
*___
9234
79 Jan 14
Do pref___________ 100
15
193
Nov
193
Nov
Jan 1.1
*37 .
___ Maine Central________100 1951.1 Jar. 13 195*4
13=4 Nov
8*4 Jan
15 Feb 16
111., Jan 12
si Mass Electric Cos------ 100
64 N ov
40 Jan
7 3 I4 Mch 27
12
581’ Jan 1 5
D o pref___________ 196
149
161 Nov
128 Jan
<7112
N Y N H & H artford-100 157 Jan 21 174's J ’ne 11 140
56
145
Apr
Jne
109
Northern N H ________100 146 Feb -1 147 Mch 20 200 Apr 265 Feb
Norwich & W or pref-100 20 0 Apr 13 200 Mch 13 176 Jau
1961,8
Dec
Jan l 8
Old C olony----------------100 194 Jan 5 200*8
34 Deo
25 JAn
40 J’ riO 5
* ___ 20 0
26 A pr 27
Rutland pref_____ — 160
15 Dec
70 Feb
9014 Mch 2 11312 J ’ne
Seattle Electric----------100
j02 Dec
8838 Jan
* 1 0 2 * ----103*8
J'*y
13
971’
Apr
5
Do
pref___________
100
30
110 * 2 Mch ISSSs Nov
*102=3 103
196*8
J
’ly
11727]
Feb
20
308 Union Pacific------------ 100
97=s Nov
78=4 Apr
*1931i 1931
9 3 1 ’ Mch 2 10934 J ’ne24
Do pref___________ 100
16 1
Nov
Apr 17 150 Jan
*10412 1061;
Vermont & Mass------ 100 105 Jan 20 175
91*2 «e p
70 Jan
OS's
Apr
23
88
Jan
2
West End S t..............- 50
,10
Dec
Jan
96
*J2
___
103 J ’nc25 112 Apr 27
Do pref___________ 50
J ’ly 140 Mcl)
* ___ 10 0
W ore Nash & Roch.-lO O 144 Mch 12 140 MaylO 138
Alisccllaneous
__
Nov
13 Jan
33>4 Jan 2 461’ J ’ly 6
Nov
45
45>s 1 .1 W Aracr Agrlcul Chem.-lOO
4412 4412 440 45
4412 45
4414 453
77 Mcl
44
441
94 Jan 18 103 J ’ly 8
Do pref___________ 160
Dec
10 2
262
1 0 2 U 1 0 2 1 2 10112 1021.1 10 2
Feb
4
97s
Feb
23
1023s 1023s * 1 0 2 1 0 2 t; 1 0 2 1 0 2
5=3 Jan 26
Amer Pneu S e rv ice .. 50
Dec
8
81
8
573
*73
8
8
8
I
4
734
81
1
9*2
Feb
8
8
22
J ’ne 1-1
*712 8
13 Jan 13
D o pref_____________50
170 19
1812 19
865
137=0 N ov
9914 Jan
136
A
pr
8
1812 1812 I 8 I4 18 34 I 8 I4 I 8 I4 I 8 I4 I 8 I4 126=4 127*4 12714 1271->
121*2
J
’ne22
510 Amer Sugar Refln— 160
132 N ov
12612 127
106
Feb
12(.l2 127
131
Apr
13
12612 1263 126 127
Do pref___________ 100 120 J ’ne26 143 J ’ne29
125 125
125
13212 N ov
167
125 *
99 Jan
*125 1251" 125 125*2 125 12512 125 125
323s Deo
9.055 Amer Telcp & Teleg-.IGO 125*4 Feb
13934 1401.1 131*3.1 1403, 1 -10=8 141
16 Jan
37*2 May 8
140*4 1401 14018 14034 140 1403s *320
27l2 Feb
American W oolen ------ 180
Last Sals 3334 July’09
96i2 N ov
34
34
773.1
Feb
*33
108
J
’ne
11
*3314
34
9 3 *’ Jan 1
*3312 341
Do
pref___________
100
103
103=4
4 t’ Dec
103=4
103=4
*431
103
104
104
714
J
’ue
14
3
Jan
103
10334 1041.] 104 104
334 Apr 1
*714
712
70
35 Boston Land_________10
128 Nov
714
71.1 *714
70
9612 Jan
*7
138 Mayl7
* 7 14
71
7
7
Cumb Telep & Teleg.100 125 Jan
2 114 Deo
Last Sale 1 3 3 1 2 June’09
*135
1371-2
143.1
Jan
1370
■135
46i8
J
’ne
10
‘135
.
.
.
.
IS*’ Jan 11
*135 . . .
Dominion Iron & S teel.
I.ast Sale 43
July’09
8 =s Nov
*453s 4578
47
4*4 Mch
137g J ’ne 9
*441* 45U *4512 461.; *46
7 Jan
11
113s
400 East Boston I,and-------ov
11= 8
11=8
1 U4 113g * 1 1 1 8 1 1 * 2
260 Apr 7 201 Mch 253 N
1133 113s 1112 117
Dec
248 248
250
250
162 Edison Elec Iliu m ---- 100 245 Jan 2 165 J ’ly l5
10 2
___
249
250
Jan
250
250
250
1
1
1
*248 250
164 165
16434 165
103 General Electric-------- 100 150=3 Feb 24
60 Dec
164 164
164 164
49 Mch
07
*2 Apr 12
1623., 10234 *164 105
59
Jan
"
MassachuscttsGasCos
100
63>s
6334
N
ov
*62*’
631.1 1.096
90
77 Jan
6312 0312 *0314 6334 6312 6312 8912 90
89 Jan 5 97 Apr 23
*6314 031
D o pref___________ 100
90
90
347
215 N ov
90
90
90
90
91'4 Oil] 9012 91
Mcrgenthaler L in o---- 100 I02*i*Mchl2 220 Feb 17 192 Apr
*209
210
2
1
0
2
1
0
Oct
44
2
1
0
2090
3
2
1
0
Mch
209
1
209 210
3 Mch 29
2 Jan
*209 210
Mexican Telephone— 10
Last Sale 3
July’09
78 N ov
278
278 *___
40 Mch
* 2 12 3
68 Apr 24 98 J ’n o li
*2*2 3
___
95 *-----95
*35 N E Cotton Y arn------ 100
93 Dec
95
95
95
J’ne 10
75 MCh
95
110
93
Jan
*95
9512 95
100
Do
pref___________
108
108
60
108
M c h l) 105 Jan 128 N ov
108 108 *106 108 *106
135
126*4
Jan
* 10 0
108
N
E
Telephone_______100
13312 134
133* 134 *
79 Dec
1340 134 134
61i2 J’ne
May27
10 0
75 Feb
13412 13412 134 1341.1 *134
Kaclfle Coast P o w e r ..100
Last Sale 100
May’09
99
* ___
99 !___
May22 147 Jan 174i2 N ov
* ___
0912 ■___
Pullman Co---------------- ltu 168 Jan 39 10l 2l i 2 J
1S9 189
1891’ 1891
1012 N ov
’n c ii
9 Apr
18712 18712 188 1881. 189 189
934
Jau
11
187 188
Reece
B
u
tto
n
-H
o
le
..
10
llO
HO
* 11
111
*10-34 ill;
108*’ J ’lyi
10
88*2 Jan
110/8 J ’ne 7
* 1 0 1 o Ills * 1 0 l 2 1 U2 10
478 Swift & C o . . ............ -.1 8 0 100 Jan
24 O c t :
IO8 I4 1081; IOSI4 108=4 lOS’-o 1087s
20 Jan
23=4 J ’ne 24
1083s IO8 I2 IU8 I3 108*2 IO8 I4 109
2012
May21
Torrlngton.
Class
A
.
.
25
Last
Sale
2334
June’09
26*’ Dec
*23
24
*23
24
27 J ’n c ii
*23
24
23 May
*23
24
24*4 .Jan 29
Do pref____________ 25
L a st Sal 20
July’09
2*2 Jan i
*26
27
*25
27
2 Apr 2
li 4 Mch
*25
27
1 Jan 26
*25
27
1=4 1=4
10 0 Union Cop L ’d & M’ g . 25
148
J ’lyi
141 J ’ne29 114*2 Jan
138-=4 13S34
344 United Fruit_________160 12 0 *2 Jan 13
G2=s Nov,
1381*2 13*9" 138 139
38*2
Jan
66*4
Jan
14
r54
Mchl
13912 1*39*12 1381*2 1*39* 139* 1*3*9*
Un
Shoe
Mach
C
a
r
p
..
25
60=4 61
61
0 1 1 2 1.798
61
61
::o
N ov
6
II
4
6112
303
4
Mch
6
0H->
6134
24=s
Jan
28*’ Jan 11
Oils 613s
Do pref----------------- 25
30
30
677
301S
295s 3018 30
58=4 N ov
29<s 30
26 Jan
41=4 Feb 21 72=8 J ’ly 16
29’ s 297s 295s 30_
69=s 71*s 70=4 72=s 21.402 U S Steel Corp______ 100
69
690
114
N ov
OS's 691
87*2
Jan
12
8
*4
J
’ly
16
107
Feb
23
085s 68' s 087s 09~s 125
D
o
pref------------------100
yt’ N ov
125-3, 12434 1251.1 1250 1261.1 12 6 18 12 8 14 1.490 W est Telep & Teleg— 100
4 Feb
12=4 May 6
Os Jan 11
12 4 5 3 1251r. 12514 12534
11
III 4
11
*10 O 1 1
11
652
80*4 Deo
*10 12 1 1
69 Jan
90 1 1
76 Mch 3 90 j ’ly 15
101’ 101
Do pref___________ 100
90
90
*87
90
90
7
*S7
89
*87
*87
87
87
Mining
12i4 Aug
1*2 Feb
1 0 *« May28
6
J’ly 14
Cl
6
612
<110 Adventure Con----------25
6=s
6
6
41i2 N ov
24 Apr
45*] J ’ne 11
678
678
634 634
34 Jan 29
*634 7
42
41
42
415 Allouez-----------------------25
4U *40
*40
42
S3i
8 N ov
45
Feb
88
is
J
’ne
6
1
4112 4134 *41
* ___
65
Feb
26
41*’
Amalgamated
Copper
100
797s 80-3,
8012 817g 18,019
80
79
30 J’uu
2034 Jan
30=4 J ’ne30
807S 81U 8 H4 817s 7!)=s 813g
Am Zinc Lead & S m .. 25 23 Mch27
281’
28
2812
1,665
2
SI
4
28=s
29
28U
63 Nov
515s J ’ne 4
28 Feb
381a Feb 26
28U 2 8 I4 ' 28U 28s8 280
A n a co n d a ----------------- 25
I.asl S ale 48
6 Jan
3 Dec
0 MaylO
21’ Jan 30
A rcadian--------------------- 25
Last S a l - 3=8
July’09
40=s Dec
14 Jan
46*4 May 8
30 Feb 26
38=4 39*2 40
892 Arizona C om m ercial-- 25
.90 Aug
3814 3S14 3S
39 .39
.40 Fel)
1
Feb 17
45
Feb
17
3812 380 *38'2 39
*3^
*3.j
A
rn
o
ld
-----------------------25
1
1
10 0
1
*3.4 1
19*’ Nov
8 Apr
18 Jan 2
*34
8 J ’ly 16
»4
1
34
8
st2 81’
8
380 Atlantic ------------------- 7 °
80
,75 NOV
812
8=4 834
.25 Oct
834 834
912
*9
Bonanza (Dev C o ) . . . 10 .45 Feb 16 .80 May 7
L a st Sale *2
July’09
.55
is»a Nov
10*4 Apr
17*4 May 8
in
-=4 Mch 16
*.50 .55 *.50 .55 * 50 .55 *.50 14
BostonCon
C&G
(rets)
£1
141.1
14*4
15
153S 2*,524
25 N ov
14
14
11* 4 Apr
13=8
14ls
14
140
*14
Bos&CorbCop&SltMg
5 17's J’ly 14 2258 Jan 2
1734 18
800
17*4
17=8
30
Aug
170
171
8
HU
15*’
Jan
170
1734
28
May
8
1734
21=s Feb 24
18
18
23*2 2S7S 237g 24=s 5,199 Butte Coalition......... - 15
93 Feb 130 A ug
231S 2378 23U 231
2334 24
May 3 119 Jau 4
24lS 2413
10 2
10 2
10 1
768 Calumet & A rizo n a .. 10 5 894*4
103
*665 Mch 700 Jan'
10 1
IOOI4 1 0 1
10 0
080
Jan
4
103
10 1
5
Feb
26
10 2
10 2
625
025
630 630
3 G34 Nov,
49 Calumet & H ccla------ 25
21 Feb
625 625
3514 J ’n e il
635 635
635 635
29 Feb
629 635
31
32!’
415 Centennial----------------25 Mch .45 J ’ne
30’ 2 3012 *30*4 31
35
-an 15
30
3012 3034 30
*30 31
1 .1 0 J ’ne 26 84i» J ’ne 10
.2 0
.20
.2 0 ‘
.20
GOO Cons Mercur G old-----83h Nov,
.2 0
*.15
55
*s
Feb
.15
.15
.15
*.13
68*2
Feb
‘
2
6
* .11
81=4 2,682 Copper Range Con Co 100
80
1 1 7 ^ N ov
7 Jan
790 80
79
791.1 7914 80
1 2 “ Mcti 19
7l» May23
80
8 OI4
7912 *80
*73.j
8
8
8
to Deo
250 D aly-W est....................... 20
8=4 Dec
734 7=4
1058 Apr 20
734 734
8
7
1
2
Feb
1
8
8
8
East
Butte
Cop
M
in
..
10
1134 1 2
111
234 N ov
5,116
11
.99
Mch
1
1
1
1
1
2l
2
Jan
15
11*4
1
2
11'S
1
1
2
A
pr
17
113
8
117s
1134
10 0 Elm R iv e r...................... 12
19*2
Nov
1=8
1=8
1
S
4
*114
1=
4
6*2
Apr
13]
*1<4
18U
J
’n
e
il
*1'4
13
13 Feb 25
*10j 13.' *1'4
ICI4 1612 16=4 1,483 F ra n k lin ____________
16ls 16
9 J ’ly 10
4
73s
J
’ne
16
lfi's 1 0 1 2 1 0
*161] lf.3.1 *160 163
Giroux
Consolidated.
9 16.954
8U 834
110
J ’ly
8=8
80 Jan
83S
812
S3S
80
110
Jan
90
Feb
26
8
0
814
812 8 =S
99=4 ICO
30 Granby Consolidated. 100
13t8 Aug
99 *___ 10 0
6=8 Jan
99
123, Jan
99
0 Feb 26
*____ 99
9*2 6.496 Greene Cananca_____ 20
912
9=8 9=3
121.1 J ’nelO
0»S 958 ” 91*2 9=8
95s 95
9 i j J ’ne29
10
10
Hancock
Consolidated
25
11
65
*101.1 1 1 1 s 1 1
1734 Feb
26*4 Jan
*10 14 1 1
*1038 1 1
22>s A pr 27 3314 Feb It.
*10 U 1 1
10 14 10 1
2512 1.802 Isle Royale (C opper). 25
233.1 23=4 23-=[ 241= 2412
8 ij Mayl2
2312 230
7lo Apr 30
24
24
24
240
778
125 Kerr L ake----------------- 5
77S
24*4 Dec
16 Sep
20 U J ’no 4
7=4 73
77S 77S
7=s 7->s
16
“
Jan
30
8
8
*73.4 8
2314 3,365 Lake C o p p e r...............2o
2 11
21> 2
12*4 Jan
KA, Feb 16
2 0 lS 2()3S *21
17*4 Jau
2 0 12 20 1
10 34 J’ly 10
2 0 12 2 1
21
21
1 2 1 2 1.683 La Salle Capper---------- 25
11
11*4 1 2 1 2
11
I 8 I4 May28
11
8 =s Aug
11
2*4 Mch
11
414 Mch 1^
11
11
1034 1 1
Mass
Consol___________
25
8
812
900
8
8
.25 Jan
.75 J ’ly
7<2 734
.70
J
’ly
*
*
734
A0
A
p
r
29
87)
8
812
*8
.60
* .50
.00
50 M ayflow er------------------- 25
* .50
3i
2 Dec
.60
*.50
514
MaylO
.60
8 Jan
*.50
.60
*.50
3
*2
Apr
16
.60
.60
41’
4*’
355 Mexico Cons M & S . . 10
412
1678 J ’nel5
4*2 412
412
8=4 Sep
15*2 Dec
43s 434
1234 Feb 26
414 4'.)
43., 434
15
15*4 15*8 1.300 Miami Copper------------ 5
15
7*4 Fob
13R Mch 4
15*’ N ov
151.1 1 ' *15U 151
93
4
May26
1514 151
153s 151
10
10
10
330 M ichigan--------------------- 25
10
10
70 i8 Jan 8
10
45 Feb
73 N ov
IOI4 IOI4
10
10
10 1
* 10
J ’ly 10
839 Mohawk_______________ 25 * 57*2
*5812
*57*2 59
68
58
.25 Dec
570 58
1=8 Jan
5734 611
19 Feb 11 40 Apr (i
62U 63
.25
I3 6
.25
700 Montana Ccmsol G & C 10
.30 *.25
2414 J ’ne21
30 *.25
20=4 Nov
8=8 Jan
30 *.25
.30
161’
Feb
26
.30
* .2 0
870 Nevada Consolidated. 5
2314 233s 23=8 23=8
6 Jan ‘
8 May
4=s Oct
1 1 ? J ’ne20
233S 233s 2334 237s L334 23«4 2338 23l2
Newhouse
Mines
&
S
.
10
Sale
l
-=
4
July’09
214
*13
4
4034
Feb
89=4 N ov
*134
Jau
2 *s
J ’ly ID 85*4
*178 . .
51*2 50*4 52 30*,l78 North B utte----------------15 47*4
10*4 May 12
480 4334 4734 4934
Mch 22
4714 5034 *471*2 *5*1*
9
2.090 North Lake (5 8 p a id ). 25 404lo J
8=8
8=8
812 8*2
1
J ’ly
.60 Jan
*80
8=4
’n e zi .65 May 4
812 81
*812 83,i
Old
Colony.....................25
*
.50
.
.
.
.
10
O
*
.50
.
*.50
6012 Deo
5514 Jan 2
28 Jan
*.50
47*4 Feb 24
.60 .60 *.50
51
51=4 54
497 Old D om inion--------------25 122
51
140 J ’ne 8
77 Feb 135i2 Dec
5112 *51*12 51 *5*1
Feb
26
510 53t2 510 *5*2*
132
144 O s ce o la _______________ 25
3 0 i4 J ’nelO
182l2 1281= 129 129 *130
3Ds Dec
10*2 Jan
*130 13H 129 130 *129 130
3014 3014 3US 1,905 Parrott (SUver & Cop) 10 26 Feb
297S 297s 30
69 Jan ‘
77 Feb 100 Aug
30
30
30
Feb
30
301S 30
89
36 Q uincy_______________ 25 85
8812 8 8 i2 89
3=8 Nov
278 Jan
*8 8
l=s
Apr
88
88
2
Feb
25
89
88
89
89
214
*214
270 Santa Fe (Gold & Cop) 10
212 * 2
1778 Jan
2
2 1 .,
19*4 Nov
*2
9=4 Feb
2
2 '4
*2
1312 Feb 26
2*8
2 1s
1,0 0 2 S h a n n o n --------------------- 10
36*’ Nov
14 Apr
14=8 143s 141’ 1412 145s 15
4014 Mch
34
Jan
1412 147S 1438 143] I 4 I4 1412
Superior----------------------2o
43U
401.i
1,891
391’ 40
40
40
18*’ May28
3934 40
40
40
14 Mch 24
39I2 40
15
2.301 Superior*B oston Min 10
1412
2 14=s
20*s Nov
14's Oct
14
18*2 J ’ly 0
14 • 140
14*8 141s 141S 141
147s 15
1278 Apr 27
1578 17
1534 16
3,317 Superlor&Pitts C o p p . 10
88 Nov
56 Mch
90 Feb 25
1618 153s 16
16
16t2 16
16
6
2
J
’ly
10
16
T
a
m
a
ra
ck
------------------25
62
64
64
134
63
2 a Aug
64
175g Jan 23
12*8 Feb
65
66 *____
68
68
101’
J
’ue21
70
*___
1134
12
12
486 T r in it y ........................... 26
1C12 Nov
113s 1 1
4=8 Mch
11
11
] 6*4 Jan 8
11
12
gt] J ’n e22
lUs 1U4 1 2
United
Copper............
100
9
9
1
,
1
2
0
9's
9<S
30=4 NOV
91’
9 Mch
3 4 U J ’nolO
9
9
*918
9*4 91.1
9
28
Jan
l
r
*90
United
StatesCoal&Oll
25
20 0
31U 3U4
*3114 32
46=8 Nov
28 Mch
507]
May24
*3114 32
31's 317] 31-3.1 3134 *310 32
39
Fob
25
4818 49
3,355 U S Smelt Ret & Mtn. 50
37 Feb
47
Nov
50 May 2 4
4834 487s 48*2 48=4 4818 4878 4814 48:
4834 48's
44 Jan
Do pref____________ 50
4913 491’ 2,669
433 Sep
Nov
034 Jan 26
491.1 49 I4 49U 4912 49U 491
4
t’
J
’ne28
490 491. 4914 490
478
860 Utah-Apex M in in g ...
412
A
u(
40
41
29t»
Jan
43.,
41’
43
4
46=4
Jan
*4l
2
'
4’s
37*] Feb 24
4<8
*4*2* 1,451 Utah Consolidated—
Nov
4014 4014 401S 4034 *41*
41
28=8 May
53 May
4 Us 41
41
415s 42
4712 48=s 48=s
186 Utah Copper C o---------- 10 39=| Feb 26
47
47
21’ Apr
Nov
4834 483i 4078 4734 47
5*2
May
*48
49
U
&
s
Jan
■
’
*4
4
85 V icto ria _______________25
4
4*2
438 4=8 *4
434
414
4*’ Jan
<7=4 Nov
40
*4
41
6*2 Jan
43] Apr 30
610 W in o n a _______________ 25
5
5
5
5
5*4
115*’ Jan
155 Nov
*5
6 *___
6
*5
Jan
5
5
150
45 W olverine--------------------25 139 Mch is 1624 Jan
147 148 *147 149 +147
33, Oct
.50 “
149 149 *148 150 *148 150
10
2*4
Apr
23
890 W yandot --------------------25
2 1"
2 1’
2 12
21
2 12
20
2 12
*234 3
20
2 12
25S
/i E x-nghts. a E x-d lv. and rights.
r. Before nav't of assess'ts calLed in 1009.
* Hid a*=d asked prices, il New stock- e Ass’ t paid. 0 Ex-stoclc div
_
/til 53^ 1161,j 1153-4 1157s
110
1161s 1 1 0
1161s 1161: 1 1 0
104 104 *104li 10 514 *10412 10512 *104!] 1051? K)4!8 1041s
230
*228 829!" *228
229
2291?
2
2
9
12
2297s
230 230
1290
129 129 *129 ------ 129*2 129-m 12934 12934 129
225 "
___ 225
'___ 225
225 225 *223 226
147
147
148
148
*___
150
148
149
■___ 150
I.asl Sale 159 May’09
300
■298 ------ *298 ___ *298 ___ *298 ___ 300
June’09
Last Sal 15
150
150 *14
*14
15*’ *14
Last Sale 700 July’09
71
71 *
■___
71 * ___
July’09
Last Sale 10
___
* 10
___ * 1 0
* 10
...
*___
50
56
56
50 *
56
60 * ___
159
159 159 *
12 0
12 0
123 123
123 123
Last Sale 171
May'09
Last S a ’c 1390 June’09
Last Sale 270 June’09
130
130
130*4 13014 1303s 1301 130 1303 *__ _ 130
1)3
93
*92
921
93
923] 92
93 :___
>___
*___
88
87
87
*85
88
t ___
89
88
88
Last S a l - 195*4 Jan'09
13
13*4 13 14 *121’
*1311 ”l33 *1374 *1*33* *13* *1*3*
72
72
*71*2 72
71N 72
*7H2 72E 71',i 710
170 170 *___
170
170 1701; I 6934 170 -169*4 170
L a st Sale 147
Mch’09
Last Salt 200 Apr 1’09
■■___ 20 0
197
197
-- 20 0
*___ 20 0
*___ 20 0
38
38
35
35
Last Sal: 109 June'09
*102* III
*102* III *155* IIII *1025$
1027s
103
*103
103
!:-1023g 103*8 1031s 103's
1933s 193-% 19:;l2 1931; 19312 19312 194 1940 19434 1947,
L a st Sale 105 July’09
*10314 1041) ‘1031s 1041s *10312 104l2
Last Sale 172 July’09
93
*92
93
*92 ___ *92l'2 *9*3 *921*2 *9*2*0 *92
10412
103 104
IOU2 1 0 -fl’ 104 104 1=104 1041 *104
Last Sale 145 July’09
_ _
116*4
*104*4 105>4
*22$
230
129-=4 130
* ____225
* ____150
* 110
J
u l y
17
Boston Bond Record
1 9 0 9 .]
BON DS
BOSTON STOCK EXOH ’ O li
vvbbk knoino J uly 10
W e ek ’ s
R ange or
L a s t S a le
P rice
F rid a y
J u l y 16
Hiu
a
sk L ow
H ig h
94*4
95
Lm Telep * Tel coll tr 4s. 1929 J.J
94% Sale
Convertible 4s.
1936 M-S 105 Sale 104*4 105%
83 Mar’O *
4m Writ, ta p er I s t s t5s s 1919 J .J
160 M ay’00
Lriz Com Cop 1st, couv Os 1910 M S
101*8 J ’l y ’09
4ten T od A S Fe sen g 4 s .. 1995 A-O 1 0 1* 4 .10 2
92% J’ ue’09
93
95
Adjustm ent g 4s...... I’ ly 1995 Nov
93
93
93
95
Stamped ............... J ’l.v 1995 M-N
114*4 J ’ne’03
50-year conv -Is............1955 J.D
10-yoar conv 5 s .......... 1917 J-D 115*3....... 110*8 110*8
73
73 *v
73 Sale
4tl Gull A W l SS Lilies 5 s.’ 69 J-J
110 F ob ’04
soston E lect L consol 58.1924 M-S
100 *4 Mar’09
Boston A Low ell 4s.......... 1910 J -J
104*3 Oct ’08
3oston .e 51alne4%s.........1944 J-J
1 1 2 * 3 J a n ’03
3ostou Terminal 1st 3 *3 8 . 1 9 4 7 F-A
104 Oct ’07
3ur A M o B lv ox Os.......... 1913 J-J
102 Sep ’05
N on.exem pt Os................1913 J-J
99 *3 Jan ’09
Sinking lund 48.............. 1919 J-J
100 J ’ne’01
3utte A Boston 1st Os....1917 A-O
117 J’ ue’08
ledar Hap A 51o R 1st 7 s .1910 M-N
ll* s J’ l y ’05
2d 7 s . . : . ........................... 1909 J-D
89*3 90*3 90*3 J’l y ’09
lent Vermt 1st g4s..61ayl92o Q-K
11103 Oct ’07
3 B A <J Iowa Div 1st 5s. 1919 A O
99*a
99*9
Iowa I)i 7 1st 4 s ...............1919 A-O
100 A pr'08
Debenture 5s................... 1913 M-N
9 9 * 3 J’ ne'09
Denvor E xton 4s.............1922 F-A
102 May’99
Nebraska Exttm 4 s ....... 192 < M-N
98*8 F eb '09
B A S W s t 4s................. 1921 M-S
90*«
90 S.
Illinois D iv 3 * 3 3 .............. 1949 J-J
Joint bonds S ee (It Northern
. 102®, 102*3 103
J h l c j c R y A Stk Yds 5s .1915 J-J
92 ;
Coll trust refunding g 4s 194U A-O
Oh Mil A St 1> Dub D 0 s ..1920 J-J
12 0
FHeb’O;
Dh M A St P W ie V div bsl020 J-J
Dhlc da No Mien 1st gu 5 s.i9 3 i M-N
.100 106
Ohio A W Mich gen os---- 1921 J-D
91
Doncord A M ont cons 4 s.. 1920 J-D
3onn A Pass K 1st g 4 s ...1943 A-O
3urrent River 1st 6 q ..— I92i A-O
Dot Or Rap A W 1st 4 s ... 1946 A-O
91 .
Dominion Coal 1st s f 6 s ..ly * 0 M-N
M-S
I0 3 's.
m e n bur# 4 8 ......................
90 .
M-S
4 b ....................... .............
133 ;
Promt Elk A Mo V 1st 0 s.. 1935 A-O
140 .
Unstamped 1st 0 s .......1 9 3 3 A-O
J.J
98*4 Sale
98*4
t N or C U A Q coU tr 4s 1921
98
98 .......
* R eg is tered 4 s . ................... 1921 Q-J
R ange
S in c e
Jan uary 1
oc
L ow
8V
7
H ig h
91% 96%
92% 106
83
83
130 190
LOO 101%
92% 94%
93
94 %
102% 109%
107% 11 6 %
8 ^ 59
73%
(5i
10 0 %
iob%
99% 99%
81
5
90%
99% 100%
99% 100
1 0 1 % 10 2
98% 99%
* 2 90% 92
2i
102 103%
91
94
118%118%
10 1
10 2 %
10 0 %
96
87
96
92%
*’ 3 1 0 2
....
___
___
....
.... 133
133
97% 99
97% 98%
*
1 5 5
BONDS
BOSTON STOCK E X O H ’ GK
W kkk K nuino J uly 10
Illinois Steel debw rA s___191U J-J
N on-convert deben 6 s ...1913 A-O
la Falls A Sioux C is t 7 s.. 1917 A-O
Kan C Clin & Spr 1st 6 a ... 1925 A-O
Kau C Ft S A Gull ext 3 s .. 1911 J-I)
Kan C Ft Scott A M Os___1928 M-N
K auO M Jc B gen 4s.......... 1934 M-S
Assented income 5s.......1934 M-S
Kail C & M By A Br 1st 5sl929 A-O
Maine Cent cons 1st 7 s ...1912 A-O
Cons 1st 4s ..................... 1912 A-O
Marq Hough & Ont 1 st Os. 1925 A-O
Mass Gas 4 * 3 3 (rccts).......1929 ___
Mexican Central cons 4 s.. 1911 J-J
1st cons inc 3s.......... Janj.939 J’ly
2d cons m e 3s.......... Jan 1939 J’ly
Mich T elep lst 5 s................1917 J-J
Mlnne Gen Klee con g 5s 1929 J.J
N ew E ng Cot Yarn 5s___1929 F-A
Now E ng Teleph 5s.......... 1915 A-O
5 a .......................................1910 A-O
N ew England cons g 5 s... 1945 J - J
Boston Term 1st 4s....... 1939 A-O
N Y N 11 A H con deb 3 * 3 8 19 5 6 J-J
Conv deb Os ( c t f s ) .........1948 J .J
Old Colony gold 4 s .............1924 F-A
Oreg Ry A Nav oon g 4 s ..l9 4 b J-D
Greg Sh Line 1st g Os....... 1922 F-A
Repub Valley 1st s f O s... 1919 J-J
Rutland 1st con gen 4 *3 S. 1941 J-J
Rutland-Canadian 1st 4s 1949 J-J
Savannah Elec 1st cons 58.1952 J-J
Seattle E lec 1st g 5s.........1930 F-A
Terro Haute E lec g o s ....1 92 9 J -J
Torrington 1st g 5s.......... 1918 M-S
Union Fuc R R A l g r g 48.1947 J-J
20-year conv 4s................1927 J .J
United Fruit gen s 1 4 Ls. 198.3 J .J
U S Coal A Oil 1st s f Os.. 1938 M-N
U S Steel Corp 10-00yr 68.1963 M-N
West Hud Street R y 4s___1915 E-A
Gold 4*as........................... 1914 M-S
GoladeDOMture4s.......... 191o M-N
Gold 4s.............................. 1917 F-A
Western Teleph A T el 5s. 1932 J.J
W isconsin Cent 1st gen 4sl949 J - J
N oth_Buyer pays accrued interest in addition to tho purchase price lor all Boston Bonds.
S id
J .a n p e
s in c e
W e ek ’ s
R an ge or
TMSt S a le
P r ic e
F r id a y
J u l y 16
ass
L ow
Ja - n u a r v l
L ow
1 0 0 *., 1
H ip H
100*4 MarTO
101
117 AprHP
.........120
90 *4 May'09
101 J ’l y ’09
119*8....... n o *4 J ’ne’oy
93 J ’ly ’ 0 .
93
91
89*4 J ’ ne’09
90 .......
104 % ....... 104 J’ no'09
11358 N ov’Oii
1 0 1 * 4 Sep ’05
115 J’ ne’08
99=8 1 0 0
99*8 Sale
80 Mar’09
[16 A p r’08
115 *4 A p r’O
94
90*4
100*i 101
110*4 120*4
90
93
80*3 90
103*1104
98*4 100
84*s 8 6
102 *3 Aiig’04
. 104% 104*1 J’l y ’09
102 F eb ’ 09
L0 0 * 3 teep ’ 08
102*» 104*4
102 102
107*8 May’09
138*3 138*3
L01 A pr ’09
1196*4 J ’ly ’ 0 8
I187s Mar’09
105 D e c’ 08
107*3 N or’ 05
102 M ai'02
98*3 May’ OO
105*3 106*!; 100*3 106 H
97 A p r’ 07
99*3 Nov’ 06
102% A p r’OU
llu *3 J’ne’09
96*8
90S
140 J’ ne‘09
V00*4 J ’l y ’ oi.
100*3 A p r’ 09
101 *4 J ‘ ue’09
lOo *3 Apr ’09
100*8 A p r ’09
99L
99*4 Sals 99*4
97*8 1077*
134 138*1
138% Sale
10 1
10 1
U 8 7a 119*1
105*8 100*1
102*4 103*«
102=8 110*3
95*8 97
120 141
102*4 100
100*3l00*a
100*4 102*3
100*3 100*3
100*8 100**
96
99*3
937g 96*8
95 *s A n r ’ OH
+ No price F riday; latest bid and asked.
va
>.u*4
00*8 101*1
100*4 101*4 101
1i Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
S h a re P rices—Not Her Centum B rices
S a tu r d a u
J u l y 10
87
87
*17*3 19
*37
3U
11*4 l l a
M onday
J u l y I'J
T u esd a y
J u ly 13
W ednesday
J u ly Id
104 104
104 105
*10
18*3 *10*3 18
*35 .......
+37
39
12
12
11*4 11*4
45L
‘ 44*4 45*. *45
4 I34 42
41*8
41
1
2
*
8
1 2 ®,
12*4
•*12 * 8
20-3 20%
* 20 *4 2 1
03
04
03*-.
*03
22*3 22%
23
23
104 104
*103*3104
79% 80
797a 80
6 8 % 08**16 " 69** *69%
42
42
*41*3 42
1134 117s
1 1 * 4 1 1 7I
29
29 *8
*29
29*5
7734 78*8
773ia 77%
*46*3 47*4
* 4 0 *3 47
+49
50
•49 . . . .
5234 527i
53
53
87 7a 87 7e
87*8 87%
43
43
104
18
*35
12
*45
45*3 *45
4134 4234
42%
1 2 34 1 2 34
12%
2 1 % 2 1 7a
21%
0334 0 4 *4
22*3 22*3
104 104%
79*8 80
64%
22 *4
T h u rsd a y
J u ly 15
104
18
.......
12
101
18
*36
* 12
45*3
43
12%
22
614
22%
104% 105 ‘e
79% 80
08**io 69 *4
6 8 % 89%o
•41-j 42
41% 41%
11**4 H 7S 11% 11%
28% 28%
28% 28-6
78*a 787ie
771*15 78*8
*46 Hi 47
•46*4 47
50
49 1 1 io49u io *49
62% 53
52% 52%
87*3 87%
87% 87 *3
B it I l.A D K I.U U 1\
ty td a y
J u l y 16
*35
40
*87
88
105 *104 105
18
•16*3 18
37
......... *36
12 % 12 %
12*3
B lin .A D E I.B U I A
ln u c tiv o S to ck s
P r ic es a re a ll “ a n d
Allegheny Val p ref....5 6
40%
40
i n t e r e s t .”
American C em ent.....6 0
AI Val H ext l o 1910 A-O
Amer Pipe 51fg.........109
A lt& L V Elec 4 %s’3 8 . F-A
Bell Toloplioiio (Pa).10u
A m U yseouvos 1911.J-D
Cambria Iro n ............... 69
A tl City Is* 5s g ’ 1 9 .M-N
Central Coal «te Coke. 109
75%
BorgifcKBrw 1st 6s’21 J-J
Consol Trac of N J ...1 0 9
Bothlo Stool 6 s 1998.
Diamond Stato S teel.. 10
Choo A Mo 1st 6 s 1949 J-J
P referred ................... 19
C hO k A -G gou 5 s ’ 19 J-J
Easton Con Electric 6.59
Col St Ry 1st con 5s 1932
Kleo Storage B a t t....l0 0 "62%
Cou Trao of N J 1st 5s. ’33
Preferred................. 109
B<fc A IstM 5s 1920 M-N
Ft Wayne & W V ....... 1 0 9
Elec <& Poo Tr stk tr ctfs
Germantown Pass.......69
Eq 11 Gas-L 1st g 6 s 1928
Indianapolis S t.......... 1 0 0
Indianapolis Ry 4s. 1933
Indiana Union T r ___109
Interstate 4s 1943 ..F -A
Insurance Co of N A . .10
Lehigh N av 4%s ’ 14.Q-J
Inter Sin Pow & Chom.50
R R s 4s g ....... 1914.Q-F
12 %
Keystone Telephone ..50
Gen 51 4%s g .l9 2 4 .Q .t
P referred ................... 50
Lull V O le t 5s g ’33..J J
Koystone'WatcliCaso.lOO
Leh V ext 4s 1st 1948. J-D
16%
Lit B rothers................. 10
2d 78 1910................M-S
67%
Little Schuylkill.......... 60
Consol 6 s 1923.......J-D
Minehlll & Scliuyl H ..50
A nnuity Os..............J-D
N H aven Iron * Steel . 6
Gon cons 4s 2003.M-N
Northern Central........ 60
100% Leh V Tran con 4s ’35J-D
North Pennsylvania..50
N ew C onG as 5s 1948 J-D
no
Pennsylvania Salt.......60
Newark Pass con 5s 1930
Pennsylvania stoel.,10 0
N Y Ph <fc N o 1st 4s ’39 J -.J
P referred ................. 100
Incom e 4s 1939...M -N
42%
Phlla Co (Pitts) p re f...60
NoOhioTrac cou5s’ 19.J-J
Phil Gorman & N orris.50
Penn gen Os 1910 ...V a r
90
Phlla Traction.............. 50
Consol os 1919.......Var
7%
Railways General.......10
Penn & 51d Steel cou 6 s.
S usq u eh lron & S teel..5
Pa & N Y Can 5s ’ 39.A-O
Tide water Steel.......... 10
Cou 4s 1939............ A-O
P reterred................... 10
6%
6 7e PenuSteol 1st 6 s ’ 17 M-N
Yonopah 51nnng of N evl
People’s T r t r certs4s ’43
Union T r of Ind........ 10U
P Co 1 st* col tr 5s’49 51-S
United N J HR rfcC.,100
Cou& col tr 5s 1951.M-N
Unit Trao Pitts prol.,50
9% Phil Elec gold trust ctfs.
9
Warwick Iron A Steel. 19
Trust certifs 4s....... ......
■West Jersey & sea Sh. 50
P <fc E gen. 51 6 g ’ 20. A-O
Westmoreland Coal....50
Gen M 4s g 1920..A<foO
■Wilkes Gas
E lec..106 ”o'i%
Ex-rights.
A C T IV E S T O C K S
R a n g e S in c e
J a n 1 1800
( F o r llo m ls a n d I n a c tiv e
S teeles see b e l o w )
B altim ore
Oon. Gas EL L. A B ow . 100
155
Do pref.......... .....1 0 0
2 2 Northern C en tra l......... 50
105 Seaboard (n ew )....... ....1 0 0
Do 2d prof.............100
United Ry A E le ctric.. 50
H ig h e s t
30 Mar 8
76 M ario
100 Jan
11% Feb 25
22% F e b 24
9 % Feb 3
42% May 1.
89 May 18
111 J a n ld
21% J’n e ll
41 Muyl7
12% J’ ne30
Bhiliuleiiiiiin
20 American R a ilw a y s.... 50 44% J ’ly 8 46% Feb 18
45*3 45%
45*3 45%
43% 43% 25,657 C am briatiteel............... 50 32% Feo23 43% J ’ly 16
43
43%
285 E lectric Co of A m erica 10 rlU% Jan 2 0 12% J ’ly 14
12% 1 2 %
1 2 % 12 * 8
2,626 Gen Asphalt tr c t f s ___100 15 % Jan 5 25% F e o 19
21
22
22% 24
Do pref tr ctfs ....1 0 0 53 Jan 5 67% J ’ly 16
64 *3 64 *s 64% 67% 4,333
24% 24% 2,217 Lake Superior Cerp___100 14% Jan 6 33% May b
22*3 24*3
1,024 Lehigh C A N a v tr ctfs. 50 96 Jan 5 112 % Apr30
104% 107*4 106% 107
80% 80% 2,738 Lehigh V alley............... 60 67 Feb23 81% J ’ne24
79% 80*4
1 * 3 May 5
2 % Jan 1 2
........ MarmlenCo....................... 1 0 0
6 8 % '69% 4,029 Pennsylvania K B ......... 50 63% Feb 24 ii9f% eM ay 4
08% 69%0
6 8 Philadolp’aCo (J*ittso). 50 40*3 Feb 24 43*3 May 4
41% 42
*41*3 42
11% 11%
11% 11% 1,147 Philadelphia E lectric!. 26 11% F o b 23 12% Mayl 28*3 28*3 3,857 Phlla Rapid T ra n s it. . . 50 24% Jan 5 36 % Alii' 28
28% 28 S
*77*4 77%
77*3 77% 8,060 R ead in g......................... 60 59% F e b 23 7b'15io May20
146
Do 1st pref.......... . 50 4 4 Mar 3 46% J ’ly 16
46% 46%
100
Do 2d p ie f.............. 50 45*16 Mar i 52 Mayl c
+40
60
1,591 Unton T ra ctio n ............ 50 60% Jan 6 58% May 4
53
52% 63
53
87% 88*3 2,239 United Gas lm p t.......... 50 84% May 13 94% Feb 6
87% 87%
40 Welsbach C o ................. 100 28 5 Iar 2 6 48 J ’ ly 10
44
+43
R id
B onds
•Bid and askedi no sales on tills ilay.
S a le s
o f th e
W eek
S h a res
||$7.50 paid.
117
112%
105%
ib’tT
"9 3 '
60
........
107
149"
97%
100%
109%
iU2
75*,
u a n g e lo r P rev io u s
Y ea r(1 0 0 8 )
Ixn oest
20
65
80
4
10
lo
Jan 30
51ai 81%
Jan 102
Feo 16
Fob 26
Jan 12
Deo
Dee
Dee
Doo
Deo
N or
42% 51ai 46% Nov
26% Feb 40% Deo
11% Dec
8 % Jan
3% Jan 19% Deo
19%.Jan 09% Deo
3% Eeb 17 Deo
78% Jan 97% D ec'
52% Feb 76% Doo
2 % Apr
i “ i 8 Jan
54a 16 Jan 66*10 Deo;
34% 51ai 44% D e c 1
5% Feb 12% Nov
d l2 % J ’ ut 25 % Deo
46aia Feb 711*10 Deo
39 a an 45 % D e o !
37% Jnn 48% Deo:
c44% J ’ne 56% A i* !
73% Jan 94% Deo;
25 J ’ne 28 Nov
H A L T ! AID li.l£
A sk
R id
P H IL A D E L P H IA
Chas Ry G A E 1 6 s ’99M -s
Ph <fc Read 2d 5s ’33. A-O
Chari
C A A ext 5 s .’09 J -J
Con 51 7s 1911.......J-D 105%
2d 7s............... 1910 A-O
E x Im p M 4s g ’4 7 .A-O
98
City A Sub 1st 5 s .. ’22 J-D
102%
Terminal Os g 1941.(J-F 119% 1 2 0
City A S u b (W a s)lst6s’4b
97% P W & B c o l t r 4 s ’ 21.J-J
99% 1 0 0
Coal A I R y 1st 5s ’ 20F-A
Portland R y 1st Os 1930.
98% 08% C olA G rnv lstOs.1916 J -J
Roch Ry<& Leon 6 s ’64J-J
1 0 2 % Consol Gas 6 s ... 1910 J -D
Spanish-Am Ir 6 s ’ 27 J-J
5s..................... 1939 J-D
118% U T rac Ind gen 5s’ 19.J-J
Ga A Ala 1st con 5s ’45J -J
Un R ys T r ctfs 4s’49J«&J
78
GaCar A N l s t 5 s g ’29 J-J
L oo" United R ys I n v ls t c o lltr
Georgia P 1st 6 s .. . ’22 J-J
81% 82
s f 6 s 1926............... M-N
GaSo A Fla 1st 5s 1945J-J
U T rac Pit gen 6 s ’97 J-J
G-B-S Brew 3-4s 1901M-S
8 5 14
W elsbach s t Os 1930.J-D
2d income 6 s 1951 Al-N
Wlks-B GifcKcon5s’50J -J luo L‘o 'i’%
H A E T L U O ltE
K n oxv 'l’rac 1st 5s ’28A-G
Lakelt El 1st gu6s’42M-S
lu u c liv e H loclia
M acon R yA L tlst5s’ 53J-J
Ala Cons Coal& Iron. 100
Memphis s t 1st 5s’ 46 J-J
104
P r o f ........................... 100
5IetSt(W ash)lst5s’26F A
Atlanta As Charlotte..100
Mt V er Cot Duck 1st 5s.
Allan Coast L (Conn)lOO
N ptN A O P 1st 5s’38 M-N
95
109% Canton Co................... 100
General 5s___1941 M-S
5
7%
Cons CotD uok C orp...50
25
Norfolk St 1st 5s ’4 4 .-J-J
20
P re fe rre d ...................50
North C en t4% sl92 5 A-O
38
33
i ‘2 0 % Georgia Sou A F la ... 100
Series A 5s 1926....J-J
94
97
1 st p rof.....................1 0 0
80
Series B 5s 1 9 2 6 ....J-J
75
2 d p ref...................... 1 0 0
97%
Pitt Un T rac 5s 1997.J-J
3
2%
G-B-S B rew ing.......... 100
Poto Val 1st 5s 1941..J-J
lioiids
Sav Fla A W est 6 s ’34 A-O
P r ic es are a ll “ a n d
Seaboard A L 4 s l 9 5 0 A-O'
i n t e r e s t .”
Auacostia & Pot 5s.......... 102% 103 >-. Scab A Roan 5s 1920. J-J
99%
South Bound 1st 5s.-A-O
Atl A CU ext 4 %s ’ 10. J -J
95% 96 H U El L A P 1st 4 %s’29 M-N
Atlau C J, RR4S1952M-S
U u R y A El 1st 4 s ’49 M-S
A tl Coast f j(Ct)ctfs 5s J -D 105 108
84% 83
Incom e 4s 1949....... J-D
Ctts of iudebt 4 s....J -J
88
00
Funding 5s 1936...J-D
5 - 2 0 y r4 s 1925........ J-J
102
V aM id 2d ser 6 s ’ ll.M -S
B altC I’ass l s t 6 s ’ l l M-N 1 0 1
3d series (»3 1 91 6 ..51-S
Balt Fundg 5 s .1910 5I-N 107 108
100
4th ser 3-4-5s 1921. M-S
Exchange 3 %s 1930 J-J
97%
5th series 5s 1926. M-S
Balt A P 1st 68 m 1T 1 A-O lo 2 %
Va (State) 3s new ’32.J-J
Balt Trac 1st 5s.. ’29 51 -N 109 111
90
Fund debt 2-3s 1991. J-J
N o Balt D iv5s 1942 J-D 113 115
10 2 %
W est N C con 6 s 1914 J-J
75% Cent’ l Ry oon5al932 M-N 110
112
Wes Va C AP lstG g’ l l J-J
Ext A Imp 6 s .1932 M-S n o
102% W il A Weld 5s._1936.J-J
Clous City Ry 1st 5 s ’23 J-J 1 0 0
A sk
H ig h e s t
R id
A sk
90%
108
104%
102
109
101%
111%
105%
106
110
108%
45
14
1U5
111
95
81%
106
107
112
112
s%
105
103
no
101%
n i%
106
J06%
114
109%,
45%;
15
10
liT *
96
81%
110
108 i
105
90
104
107
92%
87%
68
85%
103
90%
108%
108 v,
US *4
88
68%
88
108*
108
102% 10S .
112% 113%
» $12% paid, t $13% paid, i $35 paid, a Receipts, b £25 paid o$30 pakL d $ 12% paid.
THE CHRONICLE
156
[VO L. L X X X I X
Industrial and Aliscel
A sk
Consol Rubber T ir e ..100
5
23
26
Preferred _________ loo
33
Debenture 4s 1051A&O 1 34
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
Cons Steamship Lines 101)
DAILY, WEEKLY AND YEARLY.
Coll tr 4s 1957 rets.)ft.) 1 ' 22V0 "2 "
Corn Prod Ref S e e Stock E xc list
10
(Crucible Steel______ 101
101*
Stocks.
R ailroad,
7534 76
(P referred_________ 101
<bc..
Stale
W eek ending
U . S.
Cvniberlaml Ely Copper.5 *77g 8
Shares
Bon ds.
P a r value.
Bonds.
J u ly 16 1909.
B onds.
Ferry Companies
(Diamond Match Co-100 127 123
92
88
Dominion Copper___ ..1 0
B ft N Y 1st Cs 1911-J-J
$1,614,000
Saturday----------------166,180 514,973,000
$04,500
40
32
Douglas C o p p e r .._____ 5 *♦*2" '*2U
N Y ft E R Ferry stk.100
417,160 40,466.500
3,721,500
Monday____________
56,000
65
Econ’y Lt ft P (Joliet, 1U)
55
2.869.000
1st 5s 1922............ M-N
4 15,116 40,536,600
Tuesday____________
127,000
__
93
1st M s f g 5s 1956.J-I
98
96
3.483.000
N Y ft Hob 5s May 46 J-D
Wednesday_________
393,835 36,906,000
108,500
20
30
572,786 55,176,600
4,492,500
Hob Kv 1st 5s 1046A1-N 106L 1071? Electric Boat________109
Thursday___ _______
105.000
55
65
Preferred _________ 1 0 i
95
3,980,800
N Y ft N J 5s 1946........ 1-J
546,247 52,619,700
154.000
Friday-------------------34
40
Electr'o Vehicle_____ 101
10th ft 23d Sts F erry.100
70
P re fe r re d ____ . . . . 1 0 9
65
1st mtgo 5s 1 91 9 ..J -D
T o ta l...................... 2,571,324 r$240,678,400l *20,160,800
*615,000
Empire Steel____ ____ lo t
10
7
30
27
cUnloti Ferry s t o c k ..100
65
00
98
Preferred ________. l o t
95
elst 5s 192 0 ._...M -N
W eek ending J u ly 16.
Sales at
J a n . 1 to J u ly 16.
- Federal Sugar of N Y See Sik I x 1st
Nezo Y ork Stock
78
85
(General C hem ical..-1 0 9
Short-Term Notes
Exchange.
1909.
1908.
1909.
1908.
(P referred_________ lo t 104
*614 6*Bi«
991? Goldfield Consol Mines. 1(
99
2,604,919
2,571,324
104,324,344
Stocks— No. shares__
00,452,764 Am Clg ser A 4s T 1..A I-S
*zi2 1
98l2 Gold Hill Copper______ .1
Ser B 4s Mch 15 12AV F 98
Par value_________ $249',678,400 $239,051,100 $9,557,905,100 $8,079,976,225
*978 UJlj
Ain Tel & Tel g 5s 10 J-J 1003s 1007g Greene C a n a n ca ..____ 21
S5.000
S6,000
Bank shares, par------$24,900
$120,400 Atlan
Coast L 5s ’ 10.AV-S 100?S 1 0 1 1 . Guggenheim Explor’ n 109 193 190
Bonds.
am ftD 4H s ’08 M-8' / 66'2 6S1. (Hackensack Water Co
51,500
Government bonds__
*207,700
S394.820 ClnColH tr
so
91
R ef g 4s '52 op ’12..J-.I
<J512
94
g 4s 1 9 1 3 ...J-J
753,500
*615,000
23,091,700
State bonds--------------60,604,500
50
55
C
C
C
St L 5s. June ’l l I013f 1015g Hall Signal Co________ 109
20,160,800
17,056,500
751,332,200
R R. and mlsc. bonds..
425,381,200 Erie 6s,ft Apr
10
IOI4
Havana T obacco C o .. 109
8 101 1 ..A -C 100 101
20
22
Preferred__________ 109
l04Ss
Total bonds_______ $20,775,800 517,811,500
$774,631,6001 8486,380,520 lnterb R T e 0s 1911 AV-N 101's
65
70
1st g 5s June 1 2 2 .J-D
5s Mch 1910............Al-F IOU* IOU2
997s 1l)03g Hccker-Jones-Jewell Mil
K C R y ft Light 6 s ’12 M-S
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
1st 6s 1922...............M-8 103 1 1 1
993.1 too
Lack Steel 5s g 191 0 .Al-F
35
EXCHANGES.
45
LakeSh ft M So 5s’ 10 F A lOO-Cj L007g Her’ g-Hall-Mar, n e w .lo t
Lou & Nash g 5s TO.AV-S lODs 1013J, Hoboken Land & ImplOu
99D 10 *1 *
(5s 1910................... M-N
1001, 1003.
Mex Cent 5s July 1 19 11
B oston.
Philadelphia.
3
10
Mich Cent 5s 191 0 . . . F-A 1005* 1007g Houston Oil------------ .101
W eek ending
38
42
Ereferred . . . ___. . l o t
Minn ft St L g 5s ’l l .F - A
993s 100
Listed
B ond
J u ly 16 1909.
Listed
Unlisted
Unlisted
B ond
10 0
no
N Y Cent 5s 1 01 0 .. . . F - A 1003s l()07g Hudson R e a lty .. . . . . 1 0 9
shares.
shares.
sales.
shares.
shares.
sales.
55
N Y C Lines Eqp 5s’ 10-27 643g% 3% ftngersoll-Rand co m . 100
90
(Preferred _____ ..1 0 0
2,124
5,304
$38,000
Saturday.............. .
8,843
2,326
$15,200 N Y N H ft H 5a 'lO -’ l i 10012 102b Interuat’l
Bank’s Co.lOJ 125
8,758
8,113
76.000
Monday...................... 27,313
14,230
33,000 Norf ft West 5S 1010AI-N 10U8 tuu2 Int’nl Mer Mar .S’(c Stk
Exc list
11,803
10,992
52.000
Tuesday.................... 15,577
7,835
20.700 Pa R R 5s Mch 15 To AV-S 1003j 101
at’l Nickel------ 109 105 116
10,825
64.000
13,014
Wednesday_________ 13,601
4,497
23.700 Public Service Corp 5s— Sea S Hy-- lntem
87
90
Preferred _________ 109
9812 9912
14,003
61,800
14,162
11,926
Thursday.................. 25,514
25.700 St L & San F rg Ss’ ll.J & J
87
90
1st g 5s 1932____ A&O
4 i t % g notes’12 opF&A
05i2 90118,710
95.000
22,904
Friday........................ 24,840
17,357
32,300
12
10
International
S
a
lt.--1
0
South Ry g as 1010..F -A 1003s 1005s
59
1st g 5s. 1951_____ A-C / 54
66,2231 60,707 $150,600 Southern Ry 6s 1911.A1-N 511 1% 3%
72,253 5386,800
Total........................ 115,688
3
11
Tidewater 6s, 1<»13, guar 10278 1031s Intemat’ l S ilv e r .....1 0 >
86
90
Preferred . . . . . . . . l o t
Westlngh ElftM 6s 1010 100?8 ion?
1st 6s 1948________J-L, 109 1 1 1
Railroad
lnternat Smelt ft Refg 109 1 2 0 130
'ones ftLaughlln Steel Co
Atch Top ft Santa Fe—•
1st s i g Os 193!) ..A l-N 1005g 10073
Conv 4s (w 0 — See Stk Exch list
All bond prices are now “ and interest" except where marked “ f.
52
48
Lackawanna Steel___ 1 0 1
Chic Mllw ft St Paul—
Lanston M onotype___21 ♦151g 151j
Deb 4s (w 1) — S e e Stk Exch list
Street
Railways
Street Railways
Lawyers’ Mtgo C o . . . .101 2 2 2 225
Chic
Peo
&
St
L
p
re
t.lo
o
Pub Serv Corp N J (C om
N ew Y ork C ity
110
eLeh ft Wilkes-B Coal 59 10 0
3
1
Deposited stock______
30
15
Rapid Tran St R y .lo u 245
Bleeck St ft Fill F stk.100
98 11 3
Lord ft T aylor______100
Undeposlted stock____
1st 5s 1921_____ A-C 105
75
65
e 1st mtge 4s 1950-J-J
98 103
P re fe r re d _________109
93
/
88
Prior
lien
g4H
s'30M
&
s
160
J C Ilob ft Paterson—
t B 'y & 7th Ave st!c._10U 140
(Lorlllard ( P ) . p r e f . . l 0 t 130 ___
55
Con m tg g 5s 103 0 .J&J / 48
101
70b 781?
4s g 1949_______M-N
o 2d mtge 5s 191 4 ..J-J /100
17
35
61? Madison Sci G arden ..109
Income 5s, July T930__ / ___
So J Gas El ft Trac .100 126 128 Chic
Con 5s 19411 s e e Stock Exc list
80 10 0
2d 6s 1919________M-N
22
Subway________
100
19
Gu g 5s 1953...A1-8
98l2 9912 Ft W ft Den Cy s t d - .i o o
B ’way Surf 1.3t 53 gu 1924 102 104
•.17s 2 1 $
Manhattan Transit____ 29
971? —
No
Hud
Co
Ry6s’
14
J-J
106
108
*
__
e Ccnt’l Crosst’n stk__100
Mitchell Mining______ lu
Kansas City Sou 5s A pr 1
53 1028................... J-J 105
95*
e 1st mtee 6s 1922.M-N
Monougahela R C o a l..59 * _ _
513
1950 (w 1) — S e e Stck Exch list
E xt 5s 1924____AV-N 100
e Cen Pk N ft K R Stic 1 0 0
Preferred __________ 50 ♦23
Nat Rys o f Mexico — S e e S tk Ex list
80
Pat
City
con
Cs
’31.
j-D
119
e Chr’t’ r ft 10th S tstk 100
Mortgage Bond Co___100 114 113
135
North'n
Securities
Stubs.
125
2d 6s opt 1 9 1 4 ..A -0 100
Col ft 9th Ave 5s See Stool; Exc
Pitts Bess & L E______ 50 ♦33
361? Nat Bank of Cuba___100 10 2 105
So Side El (Chic) S e e Ch Icago list
Nat’l Surety (new )__lou 185
Dry D E B ft B—
75
Preferred __________ 50 ♦70
Syracuso R T 5s '46.31 &S 103 1041 (Railroad
95 100
e 1st nold 5s 1 9 3 2 .. J-D
Nevada Cons’d C op per.0 ♦23T 233$
Securities
Co—
55
Trent P ft H 5s 1943-J-D 100 102
8 Scrip 5s 1914___.F -A 1 45
Nev-Utah Min & Sin-.IU
1
1
1
C
stk
tr
cfs
ser
A
'52
♦17* 2
United Rys or St L—
Eighth Avenue s to c k .100 250 309
(New Central Coal____ 2 U 40
63
Seaboard Company—
100
/
95
Corn
vot
tr
ctfs____
100
21b
2212
8 Scrip Os 1914____ F-A
NY Air Brake Cs S ee Stck Exo list
73
1st
preferred,_____
10
0
( P r e fe r r e d ________100 66'if 6,-5g
e 42d ft Gr St F’ y stk.100 200 260
Com ft 2d prec-iSee Balt Exc l £ 12 N Y Biscuit 6s 1911.Al-S / 1 0 0
Gen 4s 1934 . . S e e Stock Exo list
(New
York
Dock____
109
42d St M & St N A v e .100
40
46
Seaboard Air Line—
UnltRys San Fran S e e Stk Exo list
07
(P referred _________lo t
e 1st mtge 6s 1910.AI-6
821|
80
Coll 5s ext May ’ l l M-S
9912 095,
Wash Ry ft El Co____100
41
43i2 Union Paclllr 4s S e e Stk Ex oh W*t N Y Mtge ft S ecu rity.109 2071?
2d Income 6s 1915.J-J / 50
list
anno
_________
100
Preferred
9012
91
Inter-Met — S e e Stk Exoh
N Y Transpcrtatlou
29
♦4
5
West Pao 1st 5s '33.M -S
9778 98
4s 1951.................... J-L
8,12 89
Niles-Bern-Pond c o m .100 190 105
Lex A v ftPavF 5s S e e Stk Exc list
Nlpissing Mines______ 5
Metropol St R y — S e e Stk Exc list
Industrial and Aliscel
■'IDs 113$
Gas Securities
170
150
(Ontario
Silver______
lou
Ninth Avenue s to c k ..100
314 4*4
N ew Y ork
30
20
Second Avenue s to c k .101
Adams Exp 4s 1947 J-D / 92
5S
60
02l2 Otis Elevator c o m .. .l o o
Cent UtiGas 5s g ’2 7 .jf t j 10214 103
96 104
Preferred _________ 10 0
e 1st mtge 5s 1909-M-N
93
10 0
Ahmeek Mining______ 25 ♦»182 ■t1.7
82
Con
Gas
(N
Y
)
—
S
e
e
Stk
/
73
Pittsburgh
Brewing___5u
Exo
list
Consol 5s 1948------ F-A
♦23
231*
Alliance R ealty____..1 0 0 115 120
123
108
loo
e
Mutual
Gas_________
144
Preferred __________ 50 ♦4234
(S ix th Avenue stock-100
Allls-Chalmers Co 1st mtg
85
New Amsterdam Gas—
60
Sou Boulev 5s 1945— l-J
s 1 5s 1936— S e e Stock Exch list Pittsburgh Coal.Sea Stk Exc list
95
1st consol 5s 194 8 ..J-J 102 103
90
Pope
MfgCocom(new)10U
So Fer 1st 5s 1 9 1 9 ... A-O
29
31
American Book_______100 150 155
N Y& ERG as 1st 5s'44 J-J 10ll2 lOo
Preferred (n e w ).._100
Third Avenue — S e e Stock Exo list
73
78
American Brass_____ 100 113 111)
80
Consol 5s 1945_____ J-J
07 100
Pratt ft Whltn prof _ _ 1 0 0
95 105
Tarrv W P ft M 5s 1928 t 50
American Culcle c o m .100 216 221)
95
85
N Y ft Richm ond Gas 100 32
Realty
Assoo
(Bklyn)
1140
YkersStRRSs 1946 A -0
135
145
40
106
Preferred
_________
1 0 0 103
29
Nor Un 1st 5s 192 7 .-M-N / 98 100
Royal Bak Povvd com loo 160 170
28th ft 29th Sts 1st 5s 90 / 22
Am Graphophone com 100 ___ 10
e Standard Gas c o m ..100
Preferred__________ lUu 108 n o
0
e Twenty-Third Ststk 100 200 250
80
30
Preferred ________ 109
US 102
e P referred ________100 n 60
Safety Car Heat ft Lt.lOU 123 131
90
Union Ry 1st 5s 1942 F-A
Amer Hardware___-.1 0 0 127 129
60
1st 5s 1 9 3 0 .. .____ Al-N 100 105
75
Seneca Mining-------------- 25 *69
VVestchest 1st 5s 43 J-J
101 101
AmMaltlng
6s
1
9
1
4
.-J-D
O th er C it ie s
Singer Mfg Co..............lOo 445 455
B r o o k ly n
Amer Press A ssoc’n.-lOU 100 105
Am Gets ft Eleo,’ c o m .50 ♦33
Standard Cordage___100
35
1
Atlan Ave 5s 1909— A-0 100 101
>2
Am Soda Fount c o m .100
—
97 102
Preferred___________ 60 *44b 4512
1st M g 5s ‘31 red.A -O / 27
30
Con 5s g 1931---------A-0
1st preferred______ 100
9
s
Amer Light ft Tracc-10
95 100
Adjust M 5s Apr 1 1931 / 3
240 244
5
B B ft W E 5s 1 9 3 3 .. A-0
2d preferred______ 1 0 0
~
192
P
r
e
fe
r
r
e
d
__.
.
.
.
.
.
1
0
0
195
109
26
111
32
Brooklyn City s t o c k ...10
Am St Found new — S ea S tk Ex list Standard Coupler comlOO
Bay State G a s .. . . . . . . 5 0
Preferred . ____ ...1 0 0 10 1 ) n o
Con 5s— S e e Stic Exch EXO list
0s 1035....................A&O 10li2 101
lllugh’ t’n (N Y) Gas Wits
97 100
Standard Milling Co__10t
16
19
Bkn Huts 1st 5s 1941 A -0
Deb 4s 1923 _____ F&A
72
70
9S12 100
1st g 5s 1938------ A&O
Preferred -------------- lot,
52
57
Bkln Queens Co ft Sub—
American Surety_. . . 5 0 214 217
Brooklyn Un Gas— S e e St k Exc list American Thread pref_.5
1st 5s 1930.............M-N
97
84
♦41;
87
c 1st g 5s '41 op *1 8 -J-J
5D
0-3., , 7l2 Am T obacco Co c o m .100 400 410
Standard Oil o f N J ..1 0 0 635 683
Con guar 5s— S e e Stock Exch as i Buffalo City G asstoekloo
1st 5s 1017 — S ee Stock Exc list
Swift ft Co-N’ee Host Stk Exc list
Bklyn Rap Trau — S e e Stk Exc list
A m erTypefders c o m .l 00
43
40
80
1st 5s 1910-1914.. . J - j
95
93
Con Gas of N J 5s 3 6 .J-J
98
e Coney Isl ft B k ly n ..100
P r e fe r r e d _________ 10 0
97 10U
51
(T e x a s * Pacltic C oal. 100
78
Consumers’ L II ft Pow—
95 10 0
1st cons g 4s 1 9 4 8 ..J-J
Amer Writing Paper.100
214 3
5s 1038.....................J-D 106
Title Ins Co of N Y ___loi
97 100
150 10 0
20
Brk C ft N 5s 1939.J-J
Preferred _________ 100
17
Denver Gas ft E k e . .100 135 140
Tonopah Min (N evada). 1 *6 !f, 63$
1st $ f g 5s 19 o p ’09.J-J
8412 86
Gr'pt&LorSt 1st 6S.AV&N
Trenton
Potteries
com
lilt
list
’
Gen
g
5s
1049
op-AV-N
95
EXC
97
Ki n vs C El 4s— S e e Stock
AtlGf ft W ind SS Lines 100
4
lOl.i 11‘4
7
Preferred, new____109
Elizabeth Gas Lt C o ..100 2/5
Nassau Elec p re f._ ..1 0 0
Preferred________..1 0 0
50
3I)1.|
29
60
Trow Directory______ lot
5s 1944..................... A -0 103* 10*3 ' Essex ft Hudson Gas.lOo 131 13*3*
Col tr g 5s 1959 ___J-J / 7—12 74
25
35
Gas
&
El
Bergen
C
o
..
100
kst
71
Exo
Uni
m
TypewrltercomlOU
76
1st 4s 1951— S e e Stock
41
Barney ft Smith C a r .100
65
30
70
e Gr Rap G 1st 5s T 5-F -A / 99 102
1st preferred______ 10 9
90 loo
N W 'bg& Flat 1st ex 4 ^ p
Preferred_____ _____10U 00 UO
115 118
Hudson Co G a s . . . . __1 0 0 125 126
2d preferred________ 1 0 1 . 115 118
Steinway 1st 6s 1922-J-.1 105 102
Bethl m SteelC orp—S e e S tk Ex list
Indiana
Lighting
C
o.
101
United
Bk
Note
Corp
.
.
5
9
20b
22
O th er C itie s
111 118
Bliss Company co m _5U
*53
55
Preferred _______
at. *63
4s 1958 o p ____ ..F -A
64
65
Preferred . . . . . . . . . 5 0 123 128
Buffalo Street R y—
65
United Cigar Alfrs__ . 1 0 1
25
30
1st consol 5s 1 9 3 1 ..F-A 105 107*2 Indianapolis G a s . . . . .50
63
Bond ft Mtge Guar___100 (270 285
70
(P
referred_________
iut
1st g 5s 1052............ A-0
75
90
Deb 6s 191 7 .. . . . . A - 0 106 1U3
Borden’ s Cond Milk_100 132 135
•luO 108
U6b 97*2 Jackson Gas 5s g 37. A-O
88
United Copper___. . . l o i
9212
9
Columbus (O) St R y-100
Preferred . . . . . ___ 100 100 111
91*
e Laclede Gas. . . . . . . 1ou 104 106
Preferred ____ ___„u)i
73S
P r e fe r r e d _*______ 10U 101 100
28
32
British Col Copper_____ 5
*714
U
3
Casualty_________lot
c Preferred . . . . . . . 1 0 0
98
2 10
215
Colum R y con 5s— 6'eePtx la list
Butte Coalition Mining 15 ♦2212 24
Madison Gas 6s 1926. A -0 1*03 108 Casein Co of Am c o m . 100
0 S Envelope com .__10i
62
Crosst wn 1st 5s ’33 J-D 1021s 101
47
2*2 4
Newark Gas Cs 194 4 .-Q-J 130 132
Preferred . . . . . . . _lui
76
72
70
108 L13
(Conn R y ft L tg com .iou
P r e fe r r e d ___. . . . - 1 0 9
60
U S Finishing________ iu.,
Newark Consol G a s..100
85
08 100 Casualty Co of A m er. 100 125 140
80
(Preferred-------------- 10 0
95 10 0
Preferred__________ iou 1 0 2 12 1071*
e Con g 5s 1 9 4 8 ....J -D
107 103 Celluloid Co................... 100 132 134
1st ft ref 4 U s — S e e Stk Exc list
«»
92*4 No Hudson L H ft Pow—
U 3 Steel Corporation—
Grand Rapids R y ____ 100
Cent Fireworks c o m ..100
7
5s 1 0 3 8 ...................A-0 n o
Col tr s f 5s ’51 opt ’l l 1141? 115
88
70
Preferred _________ lOu 83“
60
P r e fe r r e d ____ . . . . 1 0 0
Pat ft Pas Gasft Elec-100
Col tr s f 5s ‘51 not opi 114b
91
3
( Loulsv St 5s 1939_J&J /10612 108
2
Central F o u n d r y ..___100
(C o n g 5s 1 94 9 ...AV 8 102
U 3 T it Gu ft Indem-lOi
Llrnn ft Bos 1st 5s 24J-I) nl06 107
18
50
60
16
Preferred _______..1 0 9
95
(Utah Copper C o - S e e Stk Exc list
16U 17 St Joseph Gas 5s 1937. J
( New Orl R ys & L g t.io o
68
72
Deb 6s 1019 op ’Ol AV-N
43i2 44*4
Waterhury Co. com _.10i
Telegr ft Telephone
( Preferred . . . ____ loo
Chesebrougu Mfg Co-lOU 520 570
Preferred . . . . . . . . 10(
70
65
l
Gen M g 4 H s '35 S e e S tk Ex list (A m er Teleg ft C able. 100 76
City Investing Co____ 10i
109 (Central ft So A m e r ..100 110
Westchester ft Bronx Lit
Pub Serv Corp o f N J-100
97 10 0
no
ft Mtge G u a r ... . . . 1 0 0 165 z
Tr ctfs 2 % to • %perpet
88*2 Comm’l Un Tel (N Y ) .2
eClallln (H U ),c o in _10U 10 0 105
100*8 Emp ft Bay State Tel 100
65
Western Ice___. . . . . . 1 0 0
CpU 5s g notes 0 8 .l t - N
96
(1st preferren ______ 10 0
91
40
Franklin . . . . . ----------loo
65
45
North Jersey St R y 100
92
971? Westlngh Air B ra ke...5 0 *177* U23i
e2d preferred______ 10 0
(Gold ft Stack T eler .100 100
1st 4s 1948.__-.A1-N
West El ft Mfg 6s-»S(( St Exo list
M)
Col ft Hock Coal ft 1 pi 10i
N Y ft N J 'Ieleph — S e e St k Exc
Cons Tract of N J ..1 0 0
White Knob M in .. . . . 1 0 *
1st g 5s 1917.......... .J-.i
90
95
ioai? (Northwestern T eleg ..5 o 107
1st 6s 198 3 .. . . . J-D
Preferred . . . . . . . . . 1 0 ♦ _ .
Ool tr 0s Oct 195 6 ..J --1 1 0 1 b 1 U2 1 ?
65
Padfte
ft
Atlan
t
i
c
.
.
.
.
.25
NewTtPasRy 5s '39 J-J 108
W ortblng Pump pref.lOu 1 1 0
25
30
115
Consol Car H e a tin g ..10i
km them ft Atlan t ie .. 25 90
"
gtftRefrln- 101
--• —
♦ Per share, 'a ix -rlg h ts. 0 Basis. . :icUs on Stk. E x., but not very active. /FLat/fcAtoe. ;; Nom. •Sam - - 1 0 :. xE x -d 'v'
// Ex-rights. (New stockT
Volume of Business at Stock Exchanges
Outside Securities
i: T
Bid
Ask
Electric Companies
Chicago Edison Co S e e Ch leago list
Kings Co El L&PCo 100 131 133
93
Narragan(Prov) El C o .50 *91
40
.10
N Y&Q El L ftP ow C u.10 1
70
65
Preferred _________ 100
70
United Elec of N J . . . I O 1 .
74t2 / 5i?
1st g 4s 1949..........J-E
e
J uly 17 1909.J
THE CHRONICLE
157
jm i e s t m e t t t a n d R a i l r o a d I n t e l l i g e n c e .
K A1LR O AD
GROSS
T h e f o llo w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y S T E A M
can b e o b ta in e d .
EARNINGS.
r a ilr o a d f r o m w h ic h r e g u la r w e e k l y o r m o n t h l y r e t u r n s
T h e first t w o c o lu m n s o f fig u r e s g i v e t h e g r o s s e a r n in g s f o r t h e l a t e s t w e e k o r m o n t h
c o l u m n s t h e e a r n in g s f o r t h e p e r io d f r o m J u l y 1 t o a n d in c l u d in g s u c h l a t e s t w e e k o r m o n t h .
a n d th e la s t t w o
W e a d d a s u p p le m e n ta r y
s t a t e m e n t t o s h o w t h e fiscal y e a r t o t a l s o f t h o s e r o a d s w h o s e fis c a l y e a r d o e s n o t b e g in w i t h J u l y , b u t cover® s o m e o th e r
p e r io d .
The returns of the street railways are brought together separately on a subsequent page.
L a test G ro s s F a m i n e s .
IV eek o r
T iO A D S .
M o n th .
C u rr e n t
Y ea r.
July 1 to L a te s t D a te .
P rev io u s
Y ea r.
C u rr e n t
Y ear.
Ala N O & Tex Pac
235,856 211,866 3,094,611 2,921,540
N O & N E a s t - June _____
107,468
Ala & VlcUsb___ J u n e _____
109,172 1,550,559 1.535.386
103,082
106,444 1,398,397 1.472.387
Vlclts Sh & P a c. J u n e _____
4,330
3,377
Ala Tenn & North M a v .........
57,668
42,112
d a y _____ 1,050,274 1,715,41 16,163,215 14,287,178
k Atch Top & >S Fe
40,254
32,017
Atlanta Blrm & Atl 1st wk July
40,254
32,017
Atlantic Coast Line May _____ 2,152,584 1,050,338 24,111,047 24,100,086
Baltimore & Olilo. J u n e _____ 3,212,081 5,436,251 71,043,519 73,608,781
200,762 204,084 2,054,734 2,437,434
Bangor & Aroostook May -------5,060
6,009
Bellefonte Central - J u n e _____
60,411
61,836
M a y _____ 3,330,037 2,908,673 36,079,825 35,945,146
Boston & Maine—
3,646
3,511
43,910
B r i d g e s & Saco R M a y _____
46,734
1st
wk
July
161,520
Buff n5oh & PIttsb
151,884
161,529
151,884
185,938
110.300 2,094,308 1,925,618
Buffalo & Susa___ M a y ____
Canadian Northern 1st wk July 170,200 152.300
179,200
152,300
1st
wk
July
Canadian P a cific..
1,611,000 1,300,000 1,611,000 1,399,000
194,300 234,100
Central ot Georgia 1st wk July
194,300
234,100
Central of New Jers M a y ____ 2,000,800 2,280,166 23,415,038 24.922,887
Central V erm on t.. Vlay _____
293,526 205,605 3,202,035 3,118,036
1,298
Chattanooga South 2d wk June
1.701
77,010
101,990
Chesapeake & Ohio 1st wk July 421,448 417,333
421,448
417,333
Chesterfield & Lane April
4,616
4,964
47,830
55,041
Chicago & Alton Ry 1st wk July 238,210 243,531
238,219
243,531
Chic Burl & Qulncyr M a y ____
’ ,130,751 3,567,592 72,185,863 72.004.807
Chicago Great West 1st wk July
131,980
135,296
135,296
131,980
Chic Ind & Loulsv. 1st wk July
104,209
95,579
95,577
104,209
Chic Ind & Southern — See New York Cen tral.
Chic MIlw & St Paul M a y ____ 1,566,233 1,127,133 54,012,827 52,541,355
Chic & N or W cs t-.r M a y ____ 5,274,382 4,459,136 60,306,934 58,409 825
Chic St P M & O -.r M a y ____ 1,011,254
900,930 12,380,912 11,033,410
Chic Term TransRR M a y ____
07,186
77,523 1,000,133 1,009,436
Cln Ham & D a yt.r May ____
651,715
541,056 7,254,619 7,350,726
Clcv Cln Chic & St I — See New York Cen tral.
Colorado Midland.r May
194,091
164,432 2.123,740 2,035,708
h Colorado & South 1st wk July
265,097 263,770
263,770
265,097
Colum Newb & Lau May _____
18,059
266.717
16,513
262,475
Copper Range_____ A p ril..........
55,006
56,432
069,240
625,161
C orn w a ll__________ M a y _____
9,530
4,985
112,956
95,645
Cornwall & Lcban.r M a y _____
27,466
19,348
286,036
300,885
C” ba R a ilr o a d ____ M a y _____
193,540 173,515 1,960,461 1,893,901
Delaware & H ud. M a y _____ 1,721,789 1,464,284 17,252,845 18,037,239
Del Lack & W est.r M a y ......... 2,819,060 2,955,361 30,670,483 30,920,360
Denv & Rio Grande 1st wk July 430,500 360,600
360,600
430,500
Det Tol & Iront Sys 4 th wkJune
47,223
35,782 1,624,469 1,623,265
Ann Arbor _____ 4thwkJune
56,439
45,592 1,726,849 1,882,782
Dctrlot & Mackinac 1st wk July
23,032
22,803
23,03 2
22 803
Dul & Iron R ange.r May .........
723,873
160,328 5,708,885 5,647,758
Dul Sou Shore & Atl 1st wk July
66,250
52,491
52,491
66,250
El Paso & So W es.r May
632,252 406,674 6,645,602 7,034,666
E r i e ______________ M a y _____ 1.209,728 3,851,252 46,243,297 45,670.370
Evansville & Terre Haute—See R ock Is land Syst em.
Fairchild & N E . . . M a y _____
1,642
1,524
17,696
18,577
Fonda Johns & Glov May
71.396
61,326
704,134
713,853
Georgia Railroad . .
150,623
105.755 2,571,853 2,732,087
.--:
Georgia South & Fla Ma/Sec - rSout
hern Rail way.
Grand Trunk Syst. 1st wk July 768,400 728,831
768,409
728,831
Gr Trunk W e s t .. 3d wk June
123,'
103,681 5,410,699 5.739,400
Det Gr Hav & MU 3d wk June
40,
27,340 1,626,254 1,653,020
Canada Atlantic. 3d wk June
38,970
35,965 1,745,797 1,890,327
Great Northern Syst J u n e _____ 1,637,753 3,657,182 53,542,464 54,302,488
Gulf & Ship Island. May _____
150,525
123,476 1,732,805 1,039,965
Hocking Valley____ M a y _____
396,278 303,606 5,409,306 5,393,142
Illinois Central____ J u n e _____ 4,553,482 4,360,933 57,180,306 57,096,728
Intcrnat & Gt N or. 1st wk July
119.000
103.000
119,000
103,000
a Interoccanlc M cx. 1st wk July
130,910
126,856
130,910
126,856
Iowa Central.
_ 1st wk July
57,961
52,199
57,961
52,199
Kanawha & M ich .. May _____
175,835 125.314 1,971,720 1,845,498
Kansas City South. May .........
770,137
596,276 8,140,513 8.281.807
Kan C Mex& Orient. 1st wk July
27,285
13,780
27,285
13,780
Lake Erie & W est’n — Sec New York Cen tral.
Lake Shore & M Sou — Sec New York Cen tral.
Lehigh V alley_____ M a y _____ 2,830,346 2,082.167 30,211 292 32,443,535
Lexington A E a s t.. May
36,627
33,044
376,260
462,868
Long Island......... .. May
Dec.20 ,325
D e c . 12 2,680
Louisiana & Arkan. May _
98,580
02,260 1,093,980 1,046,918
Loulsv Hcnd & St L May .........
85,205
71,250
916,686
939,522
Louisville & Nashv. 1st wk July
780,415 793.755
703,756
780,415
Macon & Blrmlng’m June
0,524
8,489
135,206
147,087
089.800 C37.822 7,582,415 7,826,216
Maine C en tra l------ 1 May _____
Manlstlque............... une
4,477
6,235
47,311
60,651
Maryland & P e n n .. May
33,733
31,417
848,217
353.627
a Mexican Internatl 1st wk July
131,372
117,628
117.628
131,372
o Mexican Hallway. 3d wk June 142.800
128,200 0.912,500 7,842,000
28,332
a Mexican Southern 3d wk June
24,151 1.262,204 1,238,490
Michigan Central— Sec New Y ork Centr al.
20.396
Mineral R ange_____ 1th wkJune
20,571
804,762
821,832
77,836
Minneap & St Louis 1st wk July
69,883
69,883
77,836
Minn St P & S S M . 1st wk July 238,215 204,281
204,281
238,215
Chicago Division. 1st wk July 161,085 128,663
161,085
128,663
Missouri Kan & Tex May
,700,523 1,485,356 23,410,044 21,553,556
Mo Pac & Iron M t. 1st wk July 710.000 600.000
600,000
719.000
Central B ra n ch .. 1st wk July
20,000
25,000
25,000
20,000
Total system
1st wk July 739.000 625,000
625,000
739.000
JMoblle Jack & K C W kJune 2(5
26,792
19,026 1.503,919 1,435,085
Nashv Chatt & St L May _____
011,905 804,104 10,224,879 10,022,722
a Nat R ys of Mexico 1st wk July
914,004 788,352
914,004
788,352
Nevada-Cal-Oregon. 1st wk July
9,045
5,957
0,045
5,957
ROADS.
Nevada Central____
N Y C & Hud River
Lake Shore & M S
Lake Erie & West
Chic Ind & South
Michigan Central.
Cleve C C & St L .
Peoria & Eastern.
Cincinnati North
Pitts & Lake Erie
Rutland . .
N Y Chic & St L_
Total all lin es..
N Y Ont & Western
N Y N H & H a rt..r
N Y Susq & W e s t..
Norfolk & S o u th ..r
Norfolk & W estern.
Northern C entral..
Northern P a cific..r
Pacific Coast Co___
Pennsylvania C o_.r
(l Penn— E of P & E
ft W est of P & E .
Perc Marquette____
Phlla Balt & Wash
Pitts Cln Chic &StL
Raleigh & Southp’ t
Heading C om pany.
Coal & Iron C o .. .... „ _____
Total both cos___M a y ____
Rich Fred & P o t ..r f -----Rio Grande June___
R io Grande S o u th ..
R ock Island System
St L & San Fran.
Chicago & E III..
f Evansv & Ter__
Total of all lines.
St Jos & Grand Isl.
St Louis Southwest.
San P e d L A & S L .r
Seaboard A ir U n e ,
Atlanta & B lrm .
Florida W est Sh.
Southern In d ia n a ..
c Southern Pac C o.
Southern R a ilw a y ..
Mobile & O h io ...
Cln N O & Tex P .
Ala Great South.
Georgia Sou & Fla
Texas Central.........
Texas & Pacific____
Tidewater & W est.r
Toledo & Ohio Cent
Toledo Peor & W est
Toledo St L & West
Tom blgbee V a lle y ..
Union Pacific Syst.
Vandalia..................r
Virginia & Sou West
W a b a sh ...............
Western Maryland r
West Jersey A Scash
Wheeling & L B . r
W hite R lv(V t)3 wks
W rightsvllle & Tenn
Yazoo & Miss V ail.
V a rio u s F isca l Y ea rs.
Bellefonte Central __
(Delaware & Hudson
M anlstlque____________________
a Mexican R ailway____________
a Mexican Southern_______
New York Central & Hud River
Lake Shore & Mich Southern.
Lake Erie & W estern_______
Chicago Indiana <5c Southern.
Michigan Central____________
Cleve Cln Chic & St Louis___
Peoria & Eastern_______
Cincinnati Northern____
Pittsburgh & Lake Erie.
R u t la n d .....................................
New York Chicago & St Louis
Total all lin e s..
Northern Central_____
d P cn n — E astof P it t s * E rie ..
d W est o t Pittsburgh & Erie.
Phlla Baltimore & W ashington.
Pitts Cln Chicago & St Louis__
Rio Grande Junction.
Texas & Pacific.........
West Jersey & Seashore_______
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
June
.May
June
June
June
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
April
July
May
30
31
30
21
21
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
30
$29,252
7,678,935
21,265
3,505,300
648,450
34.877,861
16.596,549
1,782,760
1.208,905
10.413,317
10,335,097
1.107,568
442,596
4.502,735
1,109,464
3,930,125
86,306,975
4,701,292
57,562,202
I n c . 3,82
6,944.394
11,213,441
339,019
6,818,114
311 1,861.328
$28,541
7,310,587
27,845
3,780,400
607,637
;3 1,366,655
14,822.200
1,615,737
1,077,979
9.407,485
8,893,770
1,047,915
315,170
3.253,923
998,580
3,876,906
:7 6,676,337
4,461,992
152.707.562
11.400
6,309,804
1 0,019,170
287,27$
6,196,962
1.773,228
AGGREGATES OP GROSS EARNINGS— Weekly and Monthly.
W e e k ly S u m m a r ie s .
C u r 'n t Y e a r P r e v 's Y e a r
In c. or D ec.
M o n t h l y S u m m a r ie s .
%
C u r'n t Y e a r P r e t ’ s Y e a r I n c . o r D e c .
%
$
+ 1,818,666 14.78
Month Sopt 100* (793 roads). 218,399,160 233.735.976 — 15,336,816
+ 1,082,991 11.06
Month Oct 1908 (706 road s). 231,615,129 249,932,145 — 18,317,016
+ 1,236,410 13.85
Month N ov 1908 (804 roads) . 210,971,123 218,967,731 — 7,096.608
+ 1,089,114 11.05
Month Dee 1908 (708 roads). 205,216,481 193,791,645 + 11,424,836
+ 2,204,279 17.80
Month Jan 1909 (750 roads). 182.347,842 172,275,946 + 10,071,896
+ 998,184 10.74
Month Feb 1909 (792 roads). 173,867,206 159,982,896 + 13,884,310
+ 051,556 9.80
Month Mch 1900 (715 roads). 202.167,425 t80.889.J95 + 21,278,330
+ 905,215 9.27
Month April 1909 (815 roads). 191,119,035 169,912,827 + 21,206,208
+ 1,035,704 7.73
Month May 1900 (724 roads) . 196,826,686 170,600,041 + 26,226,645
+ 83 0 ,0 5 5 8.72
Month June 1900 ( 5 0 roa d s). 50,036,163 45,298,626 +4,737,537
a Mexican currency, o Includes earn ngs of Gulf & Chicago Division,
c Includes the Houston & Texas Central and Its subsidiary lines In both years
d Covers lines directly operated, t Includes Evansville & Indiana R R . h Includes earnings of Colorado & Southern, Fort W orth & Denver City and
all affiliated lines, excepting Trinity A Brazos Valley R R
k Includes In both years earnings of Denver Enid & Gulf R R ., Pecos Valley System and
Hama Ee Prescott & Phoenix R y. t These figures do not Include receipts from sale of coal, o Figures here are on the old basis of accounting— not the
new or Inter-State Commerce Commission method, r These figures arc on tho new basis prescribed by the Inter-State Commerce Commlss'on.
4th
1st
Ed
3d
4th
1st
2d
Bd
4th
1st
week April
week May
week May
week May
week May
week June
week June
week June
week June
week July
(40
(46
(43
(43
(44
(44
(44
(44
(45
(40
roads)____
roads)____
roads)____
roads)____
roads)____
roads)____
roads)____
roads)____
roads)____
roads)____
$
14,051.625
10,132,666
10,156,119
10,200,047
14,524,784
10,295,336
10,560,566
10,668,619
14,425,835
10,347,605
$
12,232,059
9,049,675
8,919,700
9,110,933
12,320,505
0,297,152
0,618,010
0,763,404
13,390,131
0,517,54611
----- G ro s s E a r n in g s -----
L a t e s t G r o s s E a r n i n g s by W e e k s . — I n t h e t a b l e w h ic h
f o l l o w s w e s u m u p s e p a r a t e l y t h e e a r n in g s f o r t h e firs t w e e k
o f J u ly .
T h e ta b le co v e rs 4 0 ro a d s a n d sh o w s 8 . 7 2 % i n
c r e a s e in t h e a g g r e g a t e o v e r t h e s a m e w e e k l a s t y e a r .
1909.
1908.
In crea se. D ecrea se.
S
S
03,384
58,361
Alabama Great Southern - - - - -
32.017
40,254
Atlanta Birmingham & Atlantic
151,884
161,529
Butlalo R ochester & Pittsburgh
152,300
179,200
Canadian N orthern------------------1,399,000
1,611,000
Canadian P acillc----------------------234,100
194,300
Central of Georgia--------------------417,333
421,118
Chesapeake & O hio------------------238,219
243,531
Chicago & A lton ---------------------135,296
131,980
Chicago Great W e ste rn -----------95,577
104,209
Chicago Indianapolis & Loulsv.
127,0t4
140,620
Cincinnati New Orl & Texas Pac
263,770
265,097
Colorado & Southern--------------360,600
430,500
.Denver & R io Grande----------- 22,803
23,032
Detroit & M ackinac----------------52,491
66,250
Duluth South Shore & Atlantic
31,347
33,314
Georgia Southern «fc Florida—
Grand Trunk of Canada---------- 1
768,409
728,831
Grand Trunk W estern--------I
D etroit Grand Haven & Mill
Canada A tlantic-------------------- J
119,000
103,000
International & Great Northern
130,910
126,856
Interoceanlc of M exico------------57,961
52,199
Iowa Central - - - - - - - - - - - - - - -
13,780
27,285
Kansas City M exico & O rie n t..
780,415
793,755
Louisville & N ashville.._
131,372
117,628
Mexican International . . .
69,883
77,836
Minneapolis & St Louis
204,281
238,215
Minneapolis St Paul f t S S M . .
128,663
161,085
Chicago D ivision------------------600,000
719,000
Missouri Pacillc & Iron M o u n t..
25,000
20,000
Central B r a n c h --------------------150,520
156,081
Mobile & O hio----------------- -------914,004
788,352
National Railways of M exico. .
5,957
9.015
N evada-Callfornia-Oregon-------9,864
9,219
R io Grande Southern-----185,066
186,171
St Louis Southwestern—
927,905
957,362
Southern R ailw ay--------------------211,116
199,403
Texas & Pacific-----------------------60,833
70,217
T oledo St Louis & W estern-----448,346
498,566
W abash----------------------------
5
5,023
8,237
9,645
26,900
212,000
9,517,546
897,472
830,059
10.347,605
Net Increase (8 .7 2 % )---------------
4,115
8,632
13,606
1,327
69,900
229
13,759
1,967
$
----------
39,800
5,312
3,310
______
39,578
16.000
4,054
5,762
13,505
13,744
7,053
33,934
32,422
119,000
5,561
125,652
3,088
1,105
29,457
11,713
9,384
50,220
13,340
----------
5,000
.
045
67,413
F o r t h e f o u r t h w e e k o f J u n e o u r fin a l s t a t e m e n t c o v e r s 4 5
r o a d s a n d s h o w s 7 . 7 3 % in c r e a s e in t h e a g g r e g a t e o v e r t h e
s a m e w eek la s t y e a r .
F o u rth W eek o f J u n e.
1909.
1908.
In crea se. D ecrea se.
3
S
s
Previously reported (38 roads) - 13,814,435 12,849,084 1,075,508
109,365
—
103,799
Alabama Great S outhern--------Alabama New Orleans & Tex P
74,866
20,990
95,856
New Orleans & North East’ n
37,172
4,296
41,468
Alabama & V ick sb u rg--------42,444
638
43,082
Vicksburg Shreveport & P ac.
195,826
27,707
223,533
Clnclnnatl New Orleans & T ex P
35,782
11,441
47,223
Detroit Toledo & Ironton
45,592
10,847
56,439
Ann A r b o r -------------------
$
110,157
5,566
Total (45 roa d s)--------------------- 14,425,835 13,390.131 1,151,427
—
1,035,704
Net Increase (7 .7 3 % )---------------
115,723
Net Earnings JXiontniy to latest. uaios.
m eui
nuuway
E a r n i n g s ” S e c t i o n , w h i c h a c c o m p a n i e s t o - d a y ’ s is s u e o f t h e
“ C h r o n i c l e ” a s a s p e c ia l S u p p l e m e n t , w e p r i n t t h e M a y r e
t u r n s o f e a r n in g s a n d e x p e n s e s ( o r in t h e a b s e n c e o f t h e M a y
fig u r e s t h o s e f o r t h e l a t e s t p r e v i o u s m o n t h ) o f e v e r y s t e a m
o p e r a t i n g r a i l r o a d in t h e U n i t e d S t a t e s w h i c h is o b l i g e d t o
m a k e m o n th ly s t a te m e n ts to th e I n t e r -S ta te C o m m e rc e C o m
m is s io n a t W a s h i n g t o n .
T h e I n t e r - S t a t e C o m m i s s i o n r e t u r n s a r e a ll o n a u n i f o r m
b a s is , b o t h as to r e v e n u e s a n d e x p e n d itu r e s , a n d p ossess
sp e c ia l u t i lit y b y r e a s o n o f t h a t f a c t .
In a n u m b e r o f in
s t a n c e s t h e s e fig u r e s d if f e r f r o m t h o s e c o n t a i n e d in t h e
m o n t h ly s t a t e m e n t s g iv e n o u t b y th e c o m p a n ie s th e m s e lv e s ,
f o r p u b l i c a t i o n , a n d in w h i c h t h e a c c o u n t s a r e p r e p a r e d in
a c c o r d a n c e w i t h o l d m e t h o d s o f g r o u p i n g a n d c la s s i fi c a t io n
p u r s u e d in m a n y i n s t a n c e s f o r y e a r s .
W e b r in g to g e th e r
h e r e ( 1 ) a ll t h e r o a d s w h e r e t h e r e is a s u b s t a n t i a l d iffe r e n c e
b e tw e e n th e t w o s e ts o f fig u r e s , so t h a t th o s e p e r so n s w h o
f o r a n y r e a s o n m a y d e s ir e t o t u r n t o t h e c o m p a n y s t a t e m e n t s
w ill fin d t h e m r e a d i l y a v a i l a b l e .
W e a ls o g i v e ( 2 ) t h e r e
t u r n s o f s u c h r o a d s ( e v e n w h e r e t h e fig u r e s c o r r e s p o n d e x
a c t l y w i t h t h o s e in t h e I n t e r - S t a t e C o m m e r c e r e p o r t s ) w h ic h
g o b e y o n d t h e r e q u i r e m e n t s o f t h e C o m m i s s i o n a n d p u b li s h
t h e i r f i x e d c h a r g e s in addition t o e a r n in g s a n d e x p e n s e s .
We
li k e w i s e in c l u d e ( 3 ) t h e f e w r o a d s w h i c h o p e r a t e e n t i r e l y
w ith in S t a t e b o u n d a r ie s , a n d th e r e fo r e d o n o t r e p o r t to th e
F e d e ra l C o m m is s io n , a n d M e x ic a n a n d C a n a d ia n c o m p a n ie s .
F i n a l l y , w e a d d ( 4 ) t h e r o a d s w h i c h h a v e is s u e d t h e i r o w n
s t a t e m e n t s f o r M a y , b u t h a v e n o t y e t file d a n y r e t u r n s f o r
t h a t m o n t h w i t h t h e C o m m i s s i o n . A m o n g t h e la r g e r c o m
p a n ie s t h e M is s o u r i P a c i fi c b e l o n g s t h i s t i m e in t h e l a t t e r c la s s .
- G r o s s E a r n in g s C u rr e n t*
P rev io u s
Y ear.
Y ear.
■Net E a r n in g .
C u rren t
P rev io u s
Y ear.
Y ear.
5
5
S
$
2,008
1,625
4,339
3,377
Alabama Tenn & N or___May
31,231
20,879
57,668
42,112
July 1 to May 31______
______
Atch Top & Santa F e .b .M a y 8,050,275 6,715,416 ^3,034,340 J2.470.467
July 1 to May 31______ 86,163,215 84,287,178 J33,533,246 J27,233,643
Atlantic Coast U n e .a .-M a y 2,152,584 1,950,338
558,900
448,634
July 1 to May 31_____ .24,111,047 24,100,086 7,593,603 5,523,885
Baltimore & O h lo .b -.J u n e 6,212,081 5,436.251
1,008,116 1.549,386
July 1 to June 3 0 ______ 71,043,519 73,608,781 23,491,543 19,457,902
59,415
204,084
88,575
Bangor & A ro o s to o k .b . May
200,762
946,787
717,473
July 1 to May 31______ 2,654,734 2.437,434
6,069
1,553
1,491
Bellefonte C e n tra l-b .-.J u n e
5,060
3,010
28,541
2,962
Jan 1 to June 3 0 ---------20,252
1,176
3,511
670
Bridgeton & Saco R .b .-M a y
3,646
12,240
46,734
13,896
July 1 to May 31---------43,910
305,395
464,166
85,958
Buff R och & P lt ts b -b .-M a y
614,357
!,088.420
.060,616
July 1 to M ay 31............ 6,440,475 6,897,901
C u rren t
Y ear.
R oa d s.
F ir s t W e ek o f J u ly .
[VOL. L X X X I X
THE CHRONICLE
158
P r e v io u s
Y ear.
------- N e t E a r n in g s ------C u rren t
Y ear.
P r e v io u s
Y ear.
3
5
$
182.900
131,800
654,900
7j;0.100
Canadian N orthern......... May
July 1 to May 3 1 ---------- 8,863,900 8,338,000 2,562,900 2,272,200
1,920,860 1,681,495
5,392,570
t
July 1 to M ay 3 1 . : ___.69,763,167 65,828.334 21.067,148 20,116,870
r
K
M.1V !> 000.890 2.280.166
711,129 1,033,852
9,957,095 10,679,075
July 1 to May 3 1______ 23,415,038 24,922,887
def448
dof4,589
0,492
5,237
c
d efl.100
92,122 dcI36,315
69,350
July 1 to Apr 3 0 .
746
1,349
4,964
4,616
sterfleld & L a n c.b
19,146
14,432
55,042
47,831
July 1 to Apr 3 0 .
27,358
27,276
164,432
_ _
. _
194,091
C
366,517
382,955
2,035,798
"Ju ly l ‘ to May 3 1 ......... '- 2,123,740
217,977
306,707
___
_
966,069
f
4,541,624 4.404,271
T u i y T to” M ay" 3’ f _____'-13,'941,145 13.207,832
14,807
13,186
56,432
„ _____________________
55,066
c
183,643
159,898
669,249
625,161
*July f to Apr 3 0 ____ I60,877
88,865
173,515
C ia R R ________________ M ay 193,540
668,384
858,442
1,893,901
July 1 to May 31---------- 1,960,461
r503,571
r728,902
aware & H u d s o n .b --M a y 1,721,789 1,464,284
7,319,587
r2,815,853
r2
,583.376
Jan 1 to May 3 1 ______ 7,678,035
394,618
476,817
1 iver & R io G ran d e.a .M a y 1,726,852 1,470,890 5,126,508
6,089,326
July 1 to May 3 1 _1 8,995,804
18,794,133
69,780
28,027
246,847
186,558
I [ So Sh & A tla n tic.b .M a y
2,721,568
675,204
679,260
July 1 to May 3 1 _ 2,449,854
3,851,252 1,268,238 1,088,246
July 1 to May 3 T .-----4 6 i2 4 3 .2 9 7 45!070|370 12,288,216 8,336,924
30,651
39,305
71,396
61,326
1 onda Johnst & G lo v .a .M a y
363,303
379,229
704.134
713, 8 0 J
July 1 to May 31______
664
dcf2,620
( eorgta R R . b ___________ May
159,623
195.755
385,458
475,507
July 1 to May 3 1 ______ 2.571,853 2.732 087
rand Trunk ot Canada—
902,249
927,068
2,471,208
Grand Trunk R y _____ May 2,481,428
7,604,880 7,569,088
July 1 to May 31______ 27,699,143 29,195,810
24,819
130,422
Grand Trunk W estern May
461,344
364,501
906,894
July 1 to May 31______ 5,073,037 5,438,588 1,131,995
d
ef5
,840
27,739
D etroit Gr H & M ilw.M ay
142,102
111,443
209,333
280,416
July 1 to May 31______ 1,534,421 1,585,849
def9,733
18,979
Canada A tla n tic______ May
154,754
149,401
100,702 def87,412
July 1 to May 31______ 1,652,720 1,774,553
33,888
128,754
locking V a lle y .b _______ May
396,278
303,606
July 1 to May 31---------- 5,409,396 5,393,142 1,747,580 1,557,670
996,150
1,264,874
Illinois C en tra l.a _______ May 4,665,394 4,050,015
July 1 to MaV 3 1 ------5 2 ,6 2 6 ,8 2 4 53,635,’795 12,094,589 11,687,268
198,243
246,580
. teroceanic of M ex____ May
672,373 604,976
" '" July 1 to May 3 1 ______ 6,114,671 7.108,150 2,065,647 2,121,134
/»7,860
h dcf224
Iowa Central . a __________May
227,301 201,589
*780,391
71838,389
July .1 to May 31______ 2,771,831 2,780.880
21.437
6,612
Kanawha & M ich igan.a.M ay
175,835
125,314
175,832
308,335
July 1 to May 3 1 ______ 1,971,720 1,845,498
Dec 17,252
Long Island_____________ May
D ec 20,325
In c 241,208
Jan 1 to May 3 1 ______
In c 286,442
9.289
10,748
33,733
31,417
Maryland & P e n n a .a .-.M a y
108. 80
103,611
348,217
353,627
July 1 to May 31---------276,175
297,933
a Mexican Internat--------- May
612,608
620,162
1,641,078
July 1 to May 3 1 ______ 6,356,239 7,599,980 2,613,112
4,695
4,654
66,119
64,374
Mineral R a n g e .b ----------- May
106,695
119,897
July 1 to May 3 1 ______
755,806
735,976
*22,570 7cdef27,015
Minneap & St L o u is .a .-M a y
306,571
258,916
*914,881
3,538,249 *1,029,405
July 1 to May 31----------3,819,221
273,815
812,446
377,228
Minneap St Paul & S S M Apr
949,499
3,827,902
0,852,348 4,679,648
July 1 to Apr 3 0 ______ 10,549,609
568.254
236,488
Missouri Kan & T e x .b .-M a y 1,790,523 1,485,356
7,049,546 6,582,243
July 1 to May 31______ 23,410,044 21;553,556
640,059 1,034,283
Missouri P a cific.b ----------- May 3,503,814 3,032,882_
July 1 to May 3 'l______ 42,629,010 40,931,572 11,612,035 11,284,142
Nashv Chatt & St L _ b ..M a y
911,995
804,194
235,637
224,263
2,255,571 2,244,453
July 1 to May 31______ 10,224.879 10,222,722
<7 National R ys ot M e x ..M a y 4,441,996 4,052,315 1,970,218 1,464,450
7,747,510 5,957,915
Feb 1 to May 3 1 ______ 17,520,426 16,658,273
11,544
26,670
N evada-Callf-O re. b _____ May
41,828
26,527
152,542
204,605
310,901
July 1 to May 31______
363,382
2,472
2,781
5,888
Nevada C entral_b------------ Apr
6,707
9,943
18,180
63,625
July 1 to Apr 3 0 ______
61,873
256,612
181,796
692,772
N Y Ont & W e ste rn .a --M a y
641,556
July 1 to May 31---------- 7,570,841 7,381,230 2,209,069 2.262,459
97,621
75,976
261,322
N Y Susq & W e s t .a -------- May 261,679
749,766
986,818
July 1 to May 3 1 ______ 3,026,080 3,038,755
776,579
991,989
N orfolk & W e s t e r n .b .. .M ay 2,521,669 2,008,198
9,340,414
July 1 to May 31______ 26.581.651 26,810,981 10,476,326
259,007
Northern C en tra l.b _____ May 982,065
960,665 213,307
771,860
753,969
Jan 1 to May 31______ 4,701,292 4,461,992
117,746
64,808
Pacific C o a s t - ............. ..M a y
598,422
536,576
865,863 1,005,132
July 1 to May 3 1 ______ 5,918,131 6,680,672
P en n sylva n ia — Lines directly operated—■
. „ „ n ino , , , , , . . .
E a s to f P i t t s * E rie.b M a yl2 ,0 3 2.13 3 10,810,233
Jan 1 to May 3 1 ______ 57,562,262 52,707,562 14,308,642 12,570,942
W e s t o f Pitts & Erie. .M ay
Inc 1.188,500
I n o 405,000
Inc 3.829.400
Inc 961,700
Jan 1 to May 3 1 _____ _
Pitts Cln Chic & St L .a .M a y 2,335,634 2,034.992
019,906
567,270
Jan l to May 3 1 _______11,213.441 10,019,170 2,447,5o7 2 ,3 6 7,ol4
Rep h K ° R ^ g 7 b . . - M a y 3.235.708 3.294.932 1,216,660 1.108.953
July 1 to May 3 1 ______ 36,877,795 38,720,430 14.817,660 14,226,693
Coal & Iron C o .b .. .M a y 2,545,783 3,075.765 def42,863
173,797
July 1 to May 3 1 _____ .32,838,555 35,937,336 1,639,934 2,434,491
w J & boi t?ocS li5 -3 ,-::.M‘ r .S :77 ! S f f l
"
m
Im
w m
STIi
::::::::
Total all companies ..M a y ------------July 1 to May 31______ _________
R io Grande J u n c tio n ... April
76,456
D ec 1 to April 3 0 ..........
339,019
R io Grande S o u t h .b -- -M ay
42,493
° July 1 to May 3 1 ______
533,250
Pnpir I s l a n d .a __ . .
Mav 4.740.011
Cju l y 1 to May 3 1 . ^55,741,416
St Louis & San F r .a .-M a y 2,989,684
July 1 to May 3 1 _____ .34,696,825
Chic & East Ill.a — -M ay
787,822
July 1 to May 3 1 ........... 9,451,490
Evansv & Terre H .a .M a y
156,802
July 1 to May 31______ 1,937,315
Total all lln c s .a ......... May 8,675,309
July 1 to May 3 1 _______101,827,048
St Louis S o u th w .a ------May
757,885
July 1 to May 3 1 ______ 0.546,379
Southern P a c lflc .a --------May 9,972,593
July 1 to May 3 1 _______ 1 1 0 , 1 2 4 , 4 2 0
Texas C en tra l.a......... ..M a y
07,683
July 1 to May 3 1 ______ 1,098,743
& J8J l i j & S !
::::::::
m
i
S S J Ii l f M
-------------_________ 17,870,897
” 22,936
287,27o
nl01,706
47,004
554,308
186,830
4.055.365 1,356,418
54,286,918 14,619,847
2.374,989 1,014,609
33,382,930 10,310,073
642,699
250,851
9,974,092 2,743,664
154,083
50,075
2,042,025
615,622
7,227,136 2,672,852
99,086,870 28,205,206
630,900
180,433
8,860,101 2,054,181
0,228.258 3,316,120
114008,827 37,555,038
35,043 de(32,427
053.017
251,428
"
18,074,64o
nl8,523
«80,182
19,319
207,989
839,497
13.235,752
532,928
9,076,481
137,859
2,642,619
48,459
021,102
1,558,743
.
25,575,955
det6,003
1,049,873
2,877,421
31,024,546
de(36,509
102,550
J uly 17 1909. j
THE CHRONICLE
C u rren t
Y ear.
R onds.
P rev io u s
Y ea r.
C u rren t
Y ea r.
I n t e r e s t C h a r g e s a n d S u r p lu s .
— I n t . , R e n ta ls , & c . —
L a test G r o s s E a r n in g s .
P r e v io u s
Y ea r.
$
$
$
$
39,689
81,784
231.236
T oledo & Ohio C e n t.a .-M a y
309,796
1,065,695
July 1 to May 3 1 ______ 3,777,869 3,836,290 1,089,711
d e l.2,029
17,221
76,387
Toledo Peo & W e s t .b .-M a y
91,173
31 ,360
9,327
106,998
b June
78,986
211,318
196,487
July 1 to June 3 0 ______ 1,087,955 1,221,480
1,302
2,865
7,112
4,722
Tom blgbec V alley______ May
13,617
25,632
55,569
July 1 to May 3 1 ---------75,151
5,846,593 2,841,631 2,768,803
Union P a lcflc.a _______ May 6,517,785
July 1 to May 31______ 71,886,284 69,908,043 34,733,525 28,940,593
111,917
81,117
419,750
W est Jersey & Sea S h .b May
449,250
10,477
1,773,228
153,777
Jan 1 to May 3 1 ______ 1,861,328
45,042
dcf37,758
683,618
Y azoo & Miss V a lley.a -M a y
705,387
July 1 to May 3 1 ______ 9,371,847 9,478,433 1,041,208 1,033,863
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
(7 These results arc In Mexican currency.
h For May 1909 additional Income Is given as showing a deficit of $7,923,
against $6,800 deficit in 1908, and for period from July 1 to May 31 there
was a deficit of $67,065, against a credit of $6,700 last year.
j The com pany now Includes the earnings of the Denver Enid & Gulf R R .,
Pecos Valley system and Santa Fc Prescott & Pheonlx R y . In both years.
For May taxes and rentals amounted to $272,023, against $407,610 In 1908;
a fter deducting which, net for May 1909 was $2,762,325, against $2,062,850
last year. For period from July 1 to May 31 taxes and rentals were $2,<594,937 In 1909. against $2,863,225 In 1908.
k For May 1909 additional Income was $12,496, against $21,432 In
1908, and for period from July 1 to May 31 was $133,236 In 1909, against
$200,581 last year.
n These figures represent 30% o f gross earnings.
r For May 1909 net from Coal Department was $116,216, against $47,233
last year, and from Jan. 1 to iMay 31 was $445,986 in 1909, against $416,780
last year.
— l i a l . o f N e t E ' n g s .—
159
N am e of
R oad.
W eek or
M o n th .
C u rren t
Y ear.
Fair & Clarksb Tr Co April . .
Ft W ayne & Wabash
Valley Traction Co May .........
Galv-H ous Elec C o .. May _____
Grand Rapids R y C o. May . .
Havana Electric R y . W k July 11
Honolulu Rapid Tran
& Land C o_______ May _____
H oughton Co Trac Co M a y .........
Illinois Traction C o._ May .........
Jacksonvllle Elec C o. May _____
Kansas City R y & Lt April . . .
Kansas City-Western April . . .
Knoxville R y & Lt Co M a rch ____
Lake Shore Elec R y . May -------Lex & Inter R ys C o .. A p r il.........
Llttle Rk R y & El Co M a rch ____
Memphis Street R y . . M a rch ____
Mllw Elec R y & LtCo May _____
Milw Lt H t & Trac Co May ; . .
Montreal Street R y . W k July 10
Nashville R y & Light May _____
North Ohio T r & L t . . May .........
North Texas Elec C o. May _____
Norf & Portsm T r Co May _____
Northwestern E lev._ J u n e _____
Oakland Traction C o. M a rch ____
Oklahoma City R y _ . A p r il_____
Paducah Tr & Lt C o. May _____
Pensacola Electric Co May _____
Portl’d (Or) R yL & P C o May -------Porto R ico R ys C o .. A p ril.........
Rio de Janeiro Tram
Light & P ow er____ M a y ..........
St Joseph (Mo) R y Lt
Heat & Power C o .. May _____
San Fr Oak & San Jo M a rch ____
Sao Paulo Tr Lt & P . May .........
Savannah Electric Co May _____
Seattle Electric C o__ May _____
South Side E levated. M a y ..........
Sou Wisconsin R y Co May .........
Sprlngf (111) R & L Co A p ril_____
Tam pa Electric C o .. May _____
Toledo R ys & L lglit. May -------Toronto R ailw ay____ W k July 10
Twin City Rap T ran. 1st w k July
Underground El R y
of London—
Three tube lines__ W k July 3 .
Metropolitan DIst. W k July 3 .
United Tram w ays. W k July 3 .
Unlted Rys of St L _ . May .........
United R R s of San Fr May _____
W hatcom Co R y & Lt May .........
Jan.
P rev io u s
Y ear.
1 to la test d a te .
C u rren t
Y ea r.
P rev io u s
Y ea r.
S
31,296
$
29,273
114,919
$
107,231
111,702
103,604
85,243
42,045
107.190
91,024
80,986
39,877
532,673
466,923
388,045
1,078,703
505,166
413.340
352.341
1,016,088
34,726
31,417
151,239
162,995
25,964
21,504
97,970
122,578
350,157 319,592 1,713,026 1,589,246
39,656
37,668
174,751
195,739
542,376 492,472 2,130,778 1,941,652
26,835
96,005
25,953
101,968
47,131
46,522
128,017
139,215
89,535
81,474
378,851
362,372
45,508
44,801
165,756
165,232
56,589
56,552
163,509
171,030
133,151 128,857
379,712
360,264
342,829 323,442 1,669,715 1,536,570
70,830
66,730
303,012
280,732
71,289 1,930,122 1,830,520
75,513
142,888 135,119
188,749 158,410
775,738
003-.306
104,900
83,808
483.348
400,323
711,094
759,016
151,599 152,175
940,282
166,482 163,663 1,031,354
668,170
653,675
233,992 232,494
73,099
19,614
109,907
31,653
94,231
17,698
18,406
90,546
77,747
20,172
15,084
96,609
399,589 355.774 1,842,035 1,706,532
31,870
117,493
28,807
128,967
646,118
585,75)
77,187
75,166
190,277
50,275
457,258
180,673
13,770
76,006
47,820
212,835
74,712
147,852
72,447
377,824
74,598
213,949
187,860 1,003,392
48,097
240,418
386,961 2,082,304
184,935
866,831
13,763
62.302
67,665
340.349
45,405
246,866
198,973 1,085,332
68,491 1,880,443
134,828 3,391,057
2,764,012
3,010,086
340,713
213,031
961,802
$
$
$
$
232,388
Bangor & A roostook— May
77,596
............
£defl0,126
1,809,755
898,333
- ............
£137,668
July 1 to May 3 1 ---------871,513
..J u n e
243
257
1,234
1,310
59,404
1,458
Jan 1 to June 30
1,542
1,552
1,420
310,515
226,888
635
Igeton & Saco R ._ . . May
86
593
541
1,028,607
July 1 to May 31.
6,916
6,527
7,369
5,324
1,728,900
. May
536,222
280,477
753,375
174,907
3,113.055
—
5,750,368 6,055,245 4,206,727 4,623,830
31,350
31,350 cdefl2,835 cdcfl0,926
£12,740 £11,600
..........
cdeflO.3
344,850
£338,745
£304,810
341,330 cdcf32,155
£10,343
£9,188
£258,578
£233,512
..M a y
252,873
256,896
C84.762 cdef39,138
£8,088
£6,546
£151,105
£165,672
_____ 2,810,244 2,630,063 c2,069,549 cl ,956,001
975,544 920,765 4,427,546 4,248,217
..A p r
12,938
1,070
12,837
248
634,169 661,914 2,971,421 2,790,260
July 1
58,668
37,023
122,875
124,975
30,607
28,958
158.424
147,121
54,286
28,985
31,892
34,579
334,874
364,517
333,510
493,925
c These figures are for consolidated com pany.
(1202,267
..M a y
331,534
315,763
(194,051
S t r e e t R a i l w a y N e t E a r n i n g s .— T h e f o l l o w i n g t a b l e g i v e s
____ _ 3,533,331 3,662,594 (12,301,713 (13,115,365
£dcf64,075
£def22,494
. May
100,470
101.579
t h e r e t u r n s o f S T R E E T r a i l w a y g r o s s a n d n e t e a r n in g s
_____ 1,072,810 1.067,390£def292,428£def304,080
re p o rte d th is w e e k .
A f u l l d e t a i l e d s t a t e m e n t , in c l u d i n g a l l
60,445
58,915 zdcf53,551 £def56,860
r o a d s f r o m w h i c h m o n t h l y r e t u r n s c a n b e o b t a i n e d , is g i v e n
667,251
634,539 £dcf90,726£def235,074
o
n
c
e
a
m
o
n
t
h
in
t
h
e
s
e
c o lu m n s , a n d th e la te s t s t a t e m e n t o f
115,069
..M a y
107,461
£48,707 £def63,177
_____ 1,296,552 1,204,759 £1,303,043 £1,251,101
t h i s k i n d w ill b e f o u n d in t h e i s s u e o f J u n e 2 6 1 9 0 9 .
The
£1,738 n e x t w ill a p p e a r in t h e is s u e o f J u l y 2 4 1 9 0 9 .
..M a y
24,751
23,266 £defl2,388
£97,402
256,659
245,891
£144,696
------- G ro s s E a r n in g s —
------ N e t E a r n in g s -----.M ay
3,959
5,316
3,973
6,789
C u rren t
P r e v io u s
C u rren t
P rev io u s
July 1 to May 31.
43,711
59,900
05,269
43.711
Y ear.
Y ea r.
R oad s.
Y ear.
Y ear.
.M a y
13,510
£def6,103
$
12,209 £def7,435
$
$
$
July 1 to May 31.
159,624
140,902 £def36,694 £def29,926
133,029
61,673
119,049
Aurora Elgin & C h ic____May
56,279
..M a y
488,934
508,399
£84,082£def244,159
July 1 to May 3 1 ---------- 1,316,430 1.275,515
591,634
571,236
6,418,009 5,895,216
£738,276 £1,028,714
Brockton & P lym ou th . .M ay
12,088
4,165
2,424
10,643
151,663
74,701
149,562
83,974
42,579
9,922
Jan 1 to May 3 1 ______
3,565
38,980
1,663,615 1,673,281
591,956
571,172 Central Penn Trac Co . June
67,257
15,679
64,823
18,146
.3,754
3,868
£23,870
£8.821
Jan 1 to June 3 0 ______
358,107
85,752
61,620
335,141
July 1 to May 31.
43,213
44,024
£173,701
£127,410 Cleve Palnesv & E ast.a .J u n e
16,550
30,771
28,050
12,183
.M ay
85,001
94,204
96,795
162,408
Jan 1 to June 3 0 ______
129,944
57,189
136,429
64.675
1,027,035
926,535 1,182,034 1,235,924
Grand Rapids R y C o .b .M a y
80,986
85,243
44,536
42,152
.M ay
462,427
439,727
529,562
330,852
Jan 1 to May 3 1 ______
388,045
197,124
160,141
352,341
_____ 4,010,893 4.809.087 5,565,433 4,531,327
a Net earnings here given are after deducting taxes,
.M ay
868,625
870,742
441,589
039,415
b Net earnings here given are before deducting taxes.
_____ 0,554,875 9,578,163 8,316,022 8,496,482
I n t e r e s t C h a r g e s a n d S u r p lu s .
.A pril
8,333
8,333
14,603
10,190
—
41,667
44,513
41,667
60,039
— I n t . , R e n ta ls , & c .— — B a l . o f N e t E ’ n g s .—
C u rren t
C u rren t
P r e v fo u s
P r e v io u s
19,460
.M ay
£120
19,244 £d cf.8,215
Y ea r.
Y ear.
Y ear.
R oad s.
Y < ar.
213,122
.........
£24,673
209,870 £def. 13,817
$
$
$
$
. May
170,700
£ 59 .2 10£def 140,153
172,044
Aurora Elgin & C hicago.M ay
......... 1,855,061
28,549
33,124
27,856
£508,290
28,423
1,838,741
£629,996
July
1
to
May
3
1
______
282,840
265,091
308,794
306,145
2,583
2,583 def35,010 def39,092
34,959
Brockton & P ly m o u th ..M a y
2,449
July 1 to May 31.
1,716
2,343
81
33,168
159,382
316,469
Jan 1 to May 3 1 ---------9,697
11,747
def8,182
225
.M a y
39,001
39,108
£9,803
£42,062
439,379
Cleve Palnesv & East . June
9,044
8,224
7,506
3,959
445,058
£700,251
£801,022
Jan 1 to June 3 0 ______
50,169
48,052
9,137
14,506
. May
26,012
29,945 £ d ef.7.399 £(lef.31.632
23,024
Grand Rapids R y C o___May
18,892
18,567
June
23,202 £ d e fll ,197
£8,401
25,644
23,585
282,657
—
Jan 1 to May 3 1 ______
94,574
91,364
285,673 £def59,383 £def30,231
102,550
68,777
c After allowing for miscellaneous charges and credits to Income.
x After allowing for other Income recelevd.
d These figures are after allowing for other Income and for discount and
xch angc. The sum o f $10,000 Is deducted every m onth from surplus and
placed to the credit o f the renewal fund.
ANN UAL REPORTS.
h Fixed charges Include taxes am ounting to $45,071 for May 1909,
against $66,494 In 1908, and additions and betterments o f $233 this year,
A n n u a l R e p o r t s .— A n in d e x to a n n u a l r e p o r ts o f s t e a m
against $7,055; from July 1 to May 31 taxes were $967,040 In 1909, against
$622,570; additions and betterments were $428,738 for the same period,
r a ilr o a d s , s tr e e t r a ilw a y s a n d ’ m is c e lla n e o u s c o m p a n ie s w h ic h
against $529,049 the previous year. Prior to July 1907 It was the practice
h a v e b e e n p u b l i s h e d d u r i n g t h e p r e c e d i n g m o n t h w ill b e
to Include these Items In the expenses.
x After alowlng for other Income received.
g iv e n o n th e la s t S a t u r d a y o f e a c h m o n t h .
T h i s i n d e x w ill
C u rren t
Y ear.
R oads.
STREET
R A IL W A Y
Tfitnp
nt
4AV
(Mints (J
\
R oad.
American R ys Co
cAur Elgin « Chic R y
Binghamton St R y . .
Blrm R y Lt & Power
B rockton & Ply St Ry
Capo Breton Elec C o.
Central Penn T ra c__
Chariest Con R y G&E
Chicago Railways C o.
Clove Palnesv & East
Dallas Electric C orp.
Detroit United R y . .
Duluth Street R y ___
East St Louis & S u b .
El Paso E lectric_____
AND
P r e v io u s
Y ear.
T R A C T IO N
L a te s t G r o s s E a r n in g s .
W eek or
M o n th .
C u rr e n t
Y ea r.
P r e v io u s
Y ear.
C u rren t
Y ear.
P rev io u s
Y ear.
C O M P A N IE S .
J a n . 1 to la test d a te .
C u rren t
Y ear.
P rev io u s
Y ea r.
$
$
$
$
June
250,834 254,313 1,371,033 1.324,868
May _____ 133,029 119,049
535,385
492,293
26,638
May _____
28,823
129,703
115,506
M a rch ____ 181,818 177,003
551.615
522,091
10,643
May -------12,088
42,579
38,980
21,172
May ..........
18,745
85,941
95,587
64.823
J u n e _____
67,257
358,107
335,141
63,695
63,971
May .........
303,010
306,040
May _____ 1055,160 902,482 4,855.011
28,050
J u n e -------30,771
136,429
129,944
90,460
May -------- 103,525
443,875
518,851
1st wk July 180,067 152,929 3,774,456 3,398,028
71,695
May .........
81,533
369.455
335,828
May ......... 171,073 159,882
792,328
811,267
May _____
42.634
47,510
236.490
218,476
not
i n c l u d e r e p o r t s in t h e is s u e o f t h e “ C h r o n i c l e ” in w h i c h
i t is p u b l i s h e d .
T h e l a t e s t i n d e x w ill b e f o u n d in t h e i s s u e o f
June 2 6 .
T h e n e x t w ill a p p e a r in t h a t o f J u l y 3 1 .
C h ic a g o
R a ilw a y s
Co.
(Report for Fiscal Year ending Jan.
T h e fir s t a n n u a l
fo llo w in g ta b le s :
IN C O M E
ACCOUNT
re p o rt,
ju s t
issu e d ,
FOR
YEAR EN D ED JA N .
A C C O U N T W IT H C IT Y .
Passenger earnings_$ 10,773,914
Chartered cars____
4,619
31,813
Mail ________
A dvertising_______
44,333
Rent of land and b ld g s ..
14,633
Rent of equipm ent_____
33,974
Sale of pow er_____
17,925
Interest on deposits____
41,711
Miscellaneous Incom e___
74,149
Gross Incom e................$11,037,071
31
1 9 0 9 .)
c o n ta in s
31
o n ly
th e
1909— J O I N T
Malnt. w ay and struct’s .
Maintenance equlpm ent.
R e n e w a ls _______________
Operation power plants. .
Operation cars__________
General expenses_______
Expense account Invest
ment real estate______
T a x e s___________________
$544,763
844,712
171,201
_________
1,000,149
3,618,693
1,119,639
54,837
371.955
T otal expenses.................$7,725,950
THE CHRONICLE
160
American Telephone & Telegraph Co.
B a l a n c e . - - -------- -------------------------------- ---------------------------------------- $3,311,121
D educt Interest a t 5% on valuation------------------------------------------- 1,739,684
{Official Statement as to Capitalization of Entire System
May 1 1 9 0 9 . )
Net In com e-____________ ________ __________________- _________ $1,571,437
D iv is io n o f N et I n c o m e —
City of Chicago, 5 5 % - . .
$864,290| Chicago Railways C o., 4 5 % .$707,147
Y E A R E N D E D J A N . 31 1909.
C a r M ile a g e —
Revenue (5 8 .1 8 % )_____ 217,400,335 Passenger cars_____ 43,857,066 miles
2,947,287 Mall cars___________
Free (0 0 .7 9 % )--------------164,388 miles
Transfer (4 1 .0 3 % )_______153,295,766
T R A F F IC S T A T IS T IC S F O R T H E
P a s s e n g e r s C a r r ie d —
T o t a l _________________ 373,643,3881 T o t a l ____________ 44,021,454
Percentage of operating expenses to gross Incom e__________________
Percentage of renewals to gross Incom e______________________________
Percentage of taxes to gross Incom e__________________________________
Percentage of Interest on plant value to gross Incom e________________
Percentage of net divisible Income to gross Incom e__________________
miles
65.06
1.57
3.37
15.76
14.24
[VOL. L X X X I X .
I n o r d e r t h a t th e s t o c k h o ld e r s m a y c le a r ly u n d e r s ta n d
h o w th e v a lu e o f th e p r o p e r t y o f t h e B e ll S y s t e m , c o m p r is in g
th e A m e r ic a n T e le p h o n e & t e le g r a p h C o . a n d it s a sso c ia te d
h o ld in g a n d o p e r a tin g c o m p a n ie s , e x c e e d s th e c a p it a l o b li
g a tio n s a g a in s t it , th e fo llo w in g s t a t e m e n t s h a v e b e e n m a d e
p u b lic (c o m p a r e lis t o f s e c u r itie s o w n e d , a n n u a l r e p o r ts , & c .,
in Y . 8 8 , p . 1 5 5 4 t o 1 5 5 8 , 1 6 1 7 ; a l s o V . 8 8 , p . 8 1 9 , 8 2 6 . ) :
I.
Capital Obligations of A. T. & T. Co. and Associated Co’s May
O w n ed b y
P u b li c .
Total
-------------------------------------------------------------------------------------------- 100.00
Percentage of revenue and free passengers using transfers___________ 69.57
IN C O M E S T A T E M E N T F O R Y E A R E N D E D J A N .
N O N -P A R T N E R S H I P A C C O U N T .
31 1909
C om pany’s proportion of
Int. accrued on 1st M .bds. $400,000
Consol. M. b on d s______ 1,213,016
incom e (see aD ove)------ $707,147
Interest allowance on valu
Collat. and fun d’g notes
414,613
ation of p rop erty______ 1,739,684
Underlying securities..
29,986
In t. on bank balances____
99,873
Miscellaneous Items____
1,572
Sinking
fund
rcs’ve
a
ccr’d
In t. on treasury securities
38,933
250,000
Corporate expenses and
In t. on bonds and collat
ad ju stm en ts___________
eral notes not Issued—
153,665
124,140
•
T otal gross Incom e____$2,739,302
T otal deductions______ $2,433,327
Net Income available for d iv id e n d s ____________________________ $305,975
N o t e . — From this amount a paym ent was made to the depositaries who
disbursed from same an equivalent to 4 % to the holders of participation
certificates, series 1, Chicago Railways Co.
GENERAL BALAN CE SH EET A S OF JA N .
L i a b i l it i e s —
A ssets—
R oad , equlpt. A franchs.$45,642,087
710,349
Treasury securities_____
Bonds deposited as collat.:
a T o secure $5,000,000
6 % collat. notes,
Cons. M. ser. A, 5% 6,767,200
b T o secure $1,200,000
6% funding notes,
Cons. M. ser. A, 4 %
1,666,000
c T o secure $498,000 5%
collat. notes, consol.
M ., series A , 4 % - . 832,000
In escrow as reserve un
der plan—
Consol. M ., series B,
$29,525; series C,
$333,397 ___________
362,923
In escrow for underlying
securities—
Consols A, $4,800: B,
$13,765: C, $14,079.
32 644
6 % coll, notes un sold. . .
224 000
Cash and cash Items____
1,633 237
Accounts receivable-------697 652
Advanced rents & insur.
27 440
Inc. from treas. sec. a ccr’d
21, 228
Total assets__________$58,616,760
x 4%
31 1909.
$100,000
Capital s tock ----------------First mtge. 5% gold b ’nds
due Feb. 1 1927______
8,000,000
Consol, m tge. bonds due
Feb. 1 1927—
Series A , 5 % --------------6,767,200
Series A , 4 to 5 % * ------ 11,832,800
Series B , 4 to 5 % * ____ 17,194,000
Series C, 4 to 5 % * ------ 3,593,845
Collateral 5% notes due
498,000
Feb. 1 1913___________
Collateral 6% notes, due
Feb. 1 1913----------------5,000,000
Funding notes, 6 % , due
Feb. 1 1913___________
1,200,000
Old securities exchange
32,644
able under p lan______
Creditors, Ac.,of old cos.
163,362
Current liabilities----------2,316,142
Interest, taxes and sinkIng fund accrued_____
926,753
Reserves for damages, Ac
848,039
S u rp lu s-------------------------143,975
Total liabilities------------ $58,616,760
for five years, 5% thereafter.— V . 88, p. 1619, 1436.
American Smelting
&
Refining Co.
(.Report for Fiscal Year ending April
3 0 1 9 0 9 .)
T h e r e p o r t w ill b e f o u n d a t l e n g t h o n s u b s e q u e n t p a g e s .
T h e c o m p a r a t iv e t a b le s o f e a r n in g s , in c o m e a c c o u n t a n d
b a la n c e s h e e t fo r th r e e y e a r s a r e g iv e n b e lo w .
R E S U L T S O F O P E R A T IO N .
E a r n in g s ----------------- ------------------------Ordinary repairs and betterments —
Interest, taxes and general expenses.
1608-09.
$
9,146,387
797,073
637,335
1907-08.
$
9,403,282
933,129
836,860
1906-07.
$
13,250,058
976,534
763,854
Total deductions----------------------------.
N et earnings— --------------------------------.
Less: Em ployees’ profit-sharing fu n d..
1,434,408'
7,711,979
47,695
1,769,995
7,633,287
1.740,388
11,509,670
540,420
7,664,284
7,633,287
10,969,250
*321,234
*622,096
1,054,996
-1
.
New construction, Improvements and1
.
Net incom e................................. ..
Dividend on preferred sto ck -------Dividend on com m on stock ---------
. 7,343,050
7,011,191
9,914,254
. 3,500,000
3,500,000
3,500,000
(4)2,000,000 (7)3,500,000 (7)3,500,000
Total dividends------------------------------. 5,500,000
. 1,843,050
. 13,408,219
7,000,000
11,191
13,397,028
7,000,000
2,914,254
10,482,775
Total surplus______________________ 15,251,269
13,408,219
13,397,020
Does not include any appropriation to metal stock account
30.
1908.
$
86,845,670
a3,950,087
17,519,664
1,380,742
500,526
5,629,034
A S S E T S A N D L IA B IL IT IE S A P R IL
1909.
Property” ___________________________ 86,845,670
Investm ents_________________________ a 3 ,949,958
M etalstocks_________________________ 17,592,192
M a terial_____________________________
1,330,774
Net current assets___________________
465,141
Cash and demand loans_____________
7,359,239
1907.
$
86,845,670
<z3,810,595
18,251,587
1,317,544
6,706,984
T o ta l......... ....................... ..................... 117,542,974 115,825,724 116,932,380
L i a b i l it i e s —
Comm on stock ____
. . . 5 0 ,0 0 0 ,0 0 0 50,000,000 50,000,000
Preferred s to ck .
. 50,000,000 50,000,000 50,000,000
Bonds . . .
.
.
237,000
349,000
457,000
Net current liabilities______ I . . . . . . .
_________
_________
439,051
M a rg in s....... ................
...
2,054,705 2,068,506
2,639,300
Profit and lo s s .......... . . : _____________ 15.251,269 13,408,218 13,397,029
T o t a l . ....................... ........................... 117,542,974 115,825,724 116,932,380
Does not Include 177,510 shares American Smelters’ Securities C o.,
par value, $17,751,000.— V . 88, p. 1059.
a
American Smelters Securities Co.
(Report for Fiscal Year ending May
31
1 9 0 9 .)
O n a s u b s e q u e n t p a g e w ill b e f o u n d a t l e n g t h t h e r e p o r t
o f t h e c o m p a n y f o r t h e f is c a l y e a r e n d i n g M a y 3 1 l a s t , t o
g e t h e r w i t h t h e i n c o m e a c c o u n t a n d b a l a n c e s h e e t .— V . 8 7 ,
p . 1606.
1 1909
[Comprising capital stock, bonds, real estate, mtges. and bills payable.]
O w n e d bu A s s o c ia te d O p ’ g O w n e d bu
H o ld in g a n d A . T . & .T .C o .
M fg . C os.
Am . Teleph. & Teleg. Co—
$
Capital s to ck __________208,293,500
Int .-bearing obllgatl’ns 161,081,000
$
-----------------
T o ta l.
$
$
__________ 208,293,500
__________ 161,081,000
__________ 369,374,500
T o t a l _________________ 369,374,500
_____
Associated oper’g c o ’s In
U . S. and Canada—
_ „„ „„
Capital s to ck __________ 142,674,400 38,827,900 205,904,500 387.406,800
Int.-bearingobllgat’ns. 59,813,500 16,412,200 82,077,100 158,302,800
T o t a l _______________202,487,900 55,240,100 287,981,600 545,709,600
W estern Teleph.& T cleg.C o.—
____ ■___
Capital s to ck __________ 10,668,900
21,331,100 32,000,000
Int.-bearing obllgat’ns. 9,944,100
827,000 12,175,000 22,046,100
T o t a l ______________
20,613,000
827,000
33,506,100
54,946,100
Capital s to ck _______ .361,636,800 38,827,900 227,235,600 627,700,300
In t.-bearing obllgat’ns.230,838,600 17,239,200 94,252,100 342,329,000
T o t a l _______________ 592,475,400 56,067,100 321,487,700 970,030,200
Excess o f Net Property over Capital O bligations— Entire System
May 1 1909.
The grand total of capital obligations of the entire Bell System
— that is, all stocks, bonds and bills payable of American
Telephone & Telegraph Co. and Its associated holding and
operating companies In the U. S. and Canada outstanding
in the hands of the p ublic—at May 1 1909 was, as shown
a b o v e _______________ ____________ _ _____ _____ _____________$592,475,400
II.
P r o p e r t y O ffs e ttin g th e A f o r e s a id C a p it a l O b lig a tio n s .
Telephone plan t, book value (see note b e lo w ).$547,881,500
Construction In process, supplies and t o o ls ......... . 20,426,800
Net cash and current receivables after deducting '
all current payables____________________________ 58,367,000
Securities of m fg. and other related com panies------ 51,157,000 677,83-,300
Excess of net property over capital obligations---------------------$85,356,000
N o t e .— An appraisement of the whole Bell Telephone plant made In 1907
b y the American Telephone & Telegraph C o.’s engineers showed a value
(with copper at 15 cents per pound) about equal to the then book value
and $35,000,000 In excess of the capital obligations. No new valuation as
a whole has since been made: but Inventories of all or parts of the plants
of several of the associated companies have been m ade, either by or under
the direction of public authorities, and In every case the valuation so made
has exceeded the valuation as carried on the books. The additions to the
plant account since the appraisement have been the actual expenditures
for new construction, and all plant displaced has been deducted from plant
account and charged oft.
M l. Am. T . & T. Co. only— Net Property over Capital O blig’s May 1 19091
The total capital obligations of the American Telephone A Tele
graph Co. taken alone, outstanding In the hands of the public
at May 1 1909, was, as shown a b o v e ________________________ $369,374,500
P ro p erty
O ffs e ttin g
A f o r e s a id
C a p it a l
O b lig a tio n s .
Real est. ($2,181,700) and teleph’s ($9,851,500) .$12,033,200
Long distance lines_________________________ 43,012,000
Stocks and bonds of associated com panies, par
value $230,758,700, carried a t ___________ 221,682,800
Advances to associated operating com panies for
permanent capital requirem ents__________ 44,822,400
Stock of W est. Elec. C o., par $12,047,700, car’d at 18,071,600
Miscellaneous securities, par $538,500, carried a t .
48,900
Cash on hand and In b a n k s .______ _______________ 18,474,400
Short-term notes of other than associated or related
companies, purchased In the market as a tem
porary Investment of surplus fun ds_____ _______ 18,886,000
Demand and short-term notes of associated and
other related com panies__________________ 49,457,300
Current receivables_____________
3,310,600
’
$429,709,200
Deduct a cc’d in t., taxes and all other cur’t payables 3,818,500 425,980,700
Excess of net property over capital obligations---------------------$56,606,200
IV . Associated Operating Cos. (not including A . T . & T . C o.)— Excess
Property over Capital Obligations May 1 1909.
The com bined capital obligations— that Is, stocks, bonds and bills pay
able of the associated operating companies In the United estates and Canada
— at May 1 1909 was $545,709,600, as follows:
Owned b y p ublic......... . . ............................... ...........S2? ? ’2 ? « ’?nR
Owned b y other associated com panies------ . . . - o o , 240,100
Owned b y American Telephone A Telegraph C o . 287,981,600 $54o,709,600
P ro p erty
O ffs e ttin g
A fo r e s a id
C a p it a l
O b lig a tio n s .
Real estate______________________________ ■______ $41,292,700
Exchange construction (comprising 6.488,152
miles of wire and 3,434,195 station s)------370,241,400
Toll construction (comprising 1,332,975 miles
of wire on 146,033 miles of p oles)....... ............. 61,302,200
Construction In process, supplies and t o o ls .. . . .
2 0 ,4 1 8 , 1 0 0
Net cash and current receivables after deducting
all current payables_________________________
? 2 d 2 ? ’ 200
Securities ow n ed_______________________________
47,503,800
583,195,400
Excess o f net property o vera ll capital oblig a tion s.. . . . ------ $37,485,800
N o t e .— Unissued treasury stock of American Tel. A Tel. Co. and of some
associated companies Is, for the sake of sim plicity, om itted both from capital
obligations and from property. All debts between companies are Included
In the figures of capital obligations In all the foregoing figures. On such
debts Interest ts paid m onthly. The above valuations of property d o not
Include anything for patents, franchises, contracts, licenses, good-w ill or
any other Intangible assets, all of which are essential to the successful co n
duct of any telephone system , and arc unquestionably worth m any
millions of dollars. It would be difficult, If not Impossible, to reproduce
them at any price.
T o t h e f o r e g o i n g s t a t e m e n t , s ig n e d b y P r e s i d e n t T h e o . N .
V a i l , t h e c o m p a n y ’ s i n f o r m a t i o n d e p a r t m e n t a d d s a c ir c u l a r
e n title d
“ T e le p h o n e
C o m p e titio n ,
O p p o s itio n
and ^ C o
o p e r a t i o n ,” f r o m w h ic h t h e f o l l o w i n g e x c e r p t s a r e t a k e n :
There were In the United States July 1 1909 about 24,000 telephone
companies or lines or systems, as the United States Census designates them ,
having In round numbers 6,500,000 stations.
1.
The Bell System proper, comprising 30 Bell associated operating companics, has b y actual record 3,215,245 stations and 7,800 connected Inde
pendent companies, lines or systems, with 1,150,000stations, making a|total
of 4,365,245 stations.
In the local area of these companies 1,276,000 miles of toll lines connect
the various exchanges with each other, making comprehensive territorial
systems. These territorial systems are connected with each other by
J uly 17 1909.)
THE CHRONICLE
456.000 miles of long-distance lines, form ing a universal system known as
the Bell System.
2. Besides the Bell System, with Its nearly 8,000 companies or associated
and Independent systems and Its 4,400,000 stations, there are (a) 16,000
companies not connected with the Bell System, with an average of about
62 stations to each com pany, very largely small rural lines (the Bell Interests
are seeking to connect with as m any as practicable of these), not form ing
a system , but In some cases form ing territorial groups of greater or less
extent In connection with each other or with some of the larger companies,
(b) Over 200 companies which claim to have connected some 1,123,000 sta
tlons, an average of 5,000 stations to each com pany.
The scattered localities, lack of comprehensive toll lines, diversity of
methods and variety of apparatus make It Impossible to form these com
panies Into a system In the sense that the term Is applied to the Bell System.
Much talk and some little attem pt at doing this to the contrary notwith
standing. These companies m ay be form ed Into three groups:
Group I. Companies of less than $500,000 capital, started for the
most part to fill a real or fancied want by local Interests, conservatively
organized and operated. Many of them arc not active com petitors of the
Bell; most of them were started with the belief that low rates were profit
able. Some 10% have failed In the last few years, or as soon as the plant
Is worn out, while most of the others acknowledge that rates must be raised
before any profit can be made. This group numbers about 150 companies,
with total outstanding capital obligations of $25,000,000 and some 250,000
stations, or about $100 capital per station. Not having any considerable
amount of toll lines, this capitalization Is high, but reasonable.
Group II. Companies with a capital of $500,000 to $1,000,000. There
are 35 of these companies, with a total of $20,000,000 capital outstanding,
claiming 108,000 telephones, capitalized at $185 per station. Considering
that this covers but small proportion of toll lines, It Is excessive.
Group I II. Companies with $1,000,000 capital. There are 38 of these
companies, with a total outstanding capital of $185,000,000, claiming
764.000 stations, or a capitalization of $242 per station. The remarks
about over-capitalization above will apply with greater force here.
Groups II. and I II. comprise chiefly “ prom oted com panies;" that Is,
companies form ed b y syndicates Independent of or connected with manu
facturing companies that finance them and distribute the stock, when
possible, to local or outside people. Systems built under franchises prom
ising low rates and large profits.
The history of these groups Is similar— apparent prosperity so long as the
plant was new or securities were readily absorbed, then trying or calamitous
times, application for higher rates, reorganizations, &c. The percentage
of failures has been from 15 to 20% in the last few years. The probability
Is that the stations claimed are not what might be called legitimate sub
scribers. One of the largest companies lately still In process of organiza
tion stated to Its bondholders that out of over 11,000 subscribers 3,800
had refused to pay and ordered the telephones out, 3,000 could not afford
to have telephones and had not paid and 4,200 were paying $30 per year,
or less than half the published rates. Few of such companies are paying
dividends, and fewer of them show anything earned after taking care
of the plant.
■|In these days of official regulation, It Is questioned whether there Is need
of com petition. T o build a street railway line on a single street alongside
of the fines of a system which covers a whole territory and furnishes unlim
ited transfers Is not com petition. At best such a second line can only divide
the business of a very limited area and In the end public convenience will
demand Its rem oval. The Bell System covers the whole country directly
or Indirectly. It meets the need of the whole public, and endeavors to
obtain from the whole public a fair average return.— V . 88, p. 1562, 1554.
Virginia-Carolina Chemical Co.
161
B a la n ce --------------------- $1,545,732
Y ea r en d .
Y ea r en d .
Y e a r e n d . 11 y i m o s .e n d
M a y 31 ’09. M a y 31 ’08. M a y 31 ’07. M a y 31 ’06.
Total net profits (see
a b o v e )----------------------- $5,582,681 $4,534,362 $5,051,126 $3,885,834
Repairs and m aintenance 1,073,701
1,006,936
1,026,208
856,807
B al„ net prof.(see above) $4,508,980
$3,527,426
$4,024,918
$3,029,027
$258,333
685,640
1,440,000
$283,333
661,271
1,440,000
$204,702
203,712
1,440,000
100,000
112,679
200,000
L e s s I n te r e s t, D i v s . , & c .
$474,235
Interest on b ond s______
496,152
Interest and discount___
Preferred stock, 8 % ____ 1,440,000
Common stock, 3 % -----839,532
Set aside for contlng. fund
100,000
$3,349,919 $2,483,973
$2,407,283 $2,228,504
B ala n ce....... ..................... $1,159,061
$1,043,453 $1,527,635
$800,523
The surplus as above for 1008-09, b e fo r e d e d u c tin g the com m on stock
dividend, was $1,998,593; add surplus of May 31 1908, $7,381,848; total,
$9,380,441. Deduct discount, & c., In connection with Issue of $12,000,000
1st 15-ycar 5s, $1,577,678, leaves $7,802,763 accumulated surplus May 31
1009, as per balance sheet, b e fo r e d e d u c tin g the com m on stock dividend.
C O N S O L I D A T E D B A L A N C E S H E E T M A Y 31 1908.
— I n c lu d in g S o u th e r n C o tto n O il ------- E x . S o . C . O i l .
A ssets—
M a y 31 '09. M a y S I ’08. M a y S I ’07. M a y S\ ’06.
Real estate,plants, & c_$41, 1 2 1 ,531
$40,677,024 $40,044,206 $ 2 1 , 8 1 0 , 1 2 0
Other Investments______
4,735,379
4,697,018
4,647,877 22,833,918
Cash .................
3,270,605
2,689,318
3,626,075
2,750,610
6,358,962
7,927,046
Mfd. p rod ., m at. & supp 7,325,821
6,850,952
Accounts receivable____ 7,081,234
6,164,458
6,386,250
Bills receivable_________ *5,060,722 *6,616,316 *5,790,856
4,823,424
295,681
Int.& lnsur. paid In a d v .
292,333
331,246
3,163,558
75,624
Miscellaneous Investm’ts
8,665
77,185
277,098
Insur. & sink. fd . Invest.
x330,000
T otal - ______ ________ $69,226,290 $68,260,895 $68,609,040 $62,062,978
L i a b i l it i e s —
.
Capital stock, p referred .$18 ,000,000 $18,000,000 $18,000,000 $18,000,000
Capital stock, com m on . 27 ,984,400 27,984,400 27,984,400 27,984,400
S. C. Oil Co. stk. outs’g .
5,000
5,000
_ _ ............
Collateral trust b o n d s ..
_
5,000,000
5,500,000
6,000,000
1st M. 15-yr. 5% bon d s. 12 ,000,000
8,706,500
Bills payable___________
2 ,370,900
9,414,526
4,982,464
683,346
Accounts payable______
884,117
602,247
235,355
216,494
Drafts against conslgn'ts
220,594
227,397
241,641
245,387
R e se rv e s _______________
209,372
41,666
Accrued Interest_______
45,833
50,000
7,381,848
S u r p lu s ________________ 7,802,762
4,810,759
6,338,395
T o t a l ________________$69,226,290 $68,260,895 $68,609,040 $62,062,978
•After deducting $4,681,811 In 1909 bills discounted In the ordinary
course of business and $829,159 In 1909, $618,146 In 1908 and $498,965 In
1907 for reserve for doubtful accounts and rebate of Interest, x Includes
Investments In 1st mtge. 5% 15-year bonds at par, v iz.: For sinking fun d,
$300,000; for Insurance fund, $30,000.— V. 88, p. 235.
Southern Cotton Oil Co.
(R ep ort for F isca l Y e a r ending M a y 3 1
1 9 0 9 .)
T h is c o m p a n y , c o n tr o lle d b y th e V ir g in ia -C a r o lin a C h e m i
c a l C o . (s e e r e p o r t a b o v e ) , r e p o r t s t h e f o l l o w i n g :
$526,607
$1,110,100
1905-06.
$532,709
.
$532,709
’ Net earnings were stated after charging to operating expenses $496,702
fo r repairs and Improvements In 1908-09, against $547,713 In 1907-08
and $487,596 In 1906-07.
B A L A N C E S H E E T M A Y 31 1909.
1909.
1908.
1909.
1908.
$
$
L iabilities —
$
$
Real est.,plant,Ac. 9,175,306 9.048,456 Capital stock, com.10,000,000 10,000,000
Stocks ow n ed___ 1,068,074 1,062,676 Bills payable------- 2,370,900 2,941,777
Bonds owned____
393,741
393,741 Accts. payable,Ac. 282,365
384,014
Materials A supp. 3,736,082 3,041,108 Drafts against con
Accts. A bills rec.*1,559,214 *1,706,653
signments .........
220,594
216,494
Int. & Ins. In adv.
79,325
90,604 Reserves ..............
167,187
192,325
Ca h .............. ....... 1,358,491 1,174.829 Surplus.................. 4,329,188 2,783,456
A ssets —
Total.................. 17,370,234 16,518,067
Total........... ....... 17,370,234 16,518,067
* Accounts and bills receivable were stated after deducting $ 1 5 5 , 7 1 9 reserve for
doubtful accounts In 1908-09, against $95,585 In 1907-08.— V. 87, p. 1537, 161.
American Thread Company.
(S ta tem ent for F is c a l Y e a r ended M a r c h 3 1 1 9 0 9 . )
N o r e p o r t h a s b e e n p u b lis h e d s in c e t h a t fo r t h e y e a r e n d in g
M arch 31 1 9 0 6 .
C o m p a r i s o n s a r e t h e r e f o r e g i v e n b e lo w
w ith t h e r e s u lts fo r t h a t y e a r a n d th e tw o y e a r s p r e c e d in g th e
sam e.
T h e r e p o r t s t a t e s t h a t t h e g r o s s p r o f i t s f o r t h e fis c a l
y e a r 1 9 0 8 -0 9 , a s b e lo w , $ 1 ,1 2 8 ,7 3 6 , c o m p a r e w ith $ 1 ,3 8 3 ,7 7 2
in 1 9 0 7 - 0 8 a n d $ 1 , 7 3 0 , 8 1 5 in 1 9 0 6 - 0 7 .
1908-09.
1905-06.
1904-05.
1903-04.
Gross profits--------------------$1,128,736
$1,479,468 $1,167,291 $1,497,457
D ed u ct—
D ep reciation ----------------$400,000
$351,160
$345,808
$300,000
Bond Interest--------------240,000
236,000
236,450
236,900
P ref. dividend (5 % ) ____
244,524
244,524
2 4 4 ,5 2 4
244,524
Comm on divid en d ____(4% )216,000(14% )588,000(8% )336,000(16% )672’000
Balance, surplus.
$28,212
$59,784
$4,509
31 1909 A N D 1906.
1909.
L iabilities—
$
Common s to c k ... 5,400,000
5% pref., fully pd. 4.890,475
4% 1st M. bonds.. 6,000,000
Accounts payable. 1,653,427)
Bills payable........
279,287/
Bond Int. accr., Ac
65,584
Depreciation fund. 2,896,919
Fire Insur. reserve.
8,014
Dlv. on com. stock,
payable In July.
216,000
Balance forward..
407,364
$44,033
BA LA N C E SH EETS OF M AR CH
1909.
1906.
Asse/s—
$
$
Plant, A c ........... .14,679,536 12,694,896
Stock In trade, net
cost............ ......... 5,427,559 4,960,971
Accounts receiva
ble, net................ 1,078,711 1,016,445
318,348
341,484
Cash .............
Sundry Investm’ts.
277,958
229,840
Advance paym’ts.
34,955
38,291
(R ep o rt for Y ea r ending M a y 3 1 1 9 0 9 . )
T h e r e p o r t f o r th e la te y e a r s h o w s t h e c o n s o lid a te d s t a t e
m e n t o f e a r n in g s a n d s u r p lu s a c c o u n t , i n c l u d i n g t h e S o u t h e r n
C o t t o n O il ( s e c r e p o r t b e lo w ) a n d o t h e r s u b s i d i a r y c o m p a n i e s ,
e x c e p tin g th e E in ig k e it ( P o t a s h C o .) , w h o s e p r o fits a r e n o t
i n c l u d e d in t h e l a t e y e a r , e x c e p t t o t h e e x t e n t o f d iv i d e n d s
a m o u n t i n g t o $ 5 4 , 5 8 2 a n d in t h e y e a r 1 9 0 7 - 0 8 o n l y t o t h e
e x t e n t o f t h e first q u a r t e r l y d i v i d e n d , a m o u n t i n g t o $ 1 2 , 6 0 6 ,
p a id A p r il 1 1 9 0 8 .
T h e e a r n in g s o f t h e E i n i g k e i t C o . w e r e
in c l u d e d p r i o r t o t h e y e a r 1 9 0 6 - 0 7 .
T h e n e t e a r n in g s o f t h e
S o u t h e r n C o t t o n O il C o . f o r t h e yea r e n d i n g M a y 3 1 1 9 0 6 ,
n o t i n c l u d e d b e l o w , w e r e $ 5 3 2 , 7 0 9 , i n c r e a s in g t h e c o m b i n e d
s u r p lu s f r o m o p e r a t i o n s a s s h o w n in t h e r e p o r t f o r t h e 1 1 Yi
m o n th s e n d in g M a y 31 1 9 0 6 to $ 1 ,3 3 3 ,2 3 2 .
31.
1907-08.
1906-07.
*$526,607 *$1,610,100
_________
5 0 0 ,0 0 0
R E S U L T S F O R Y E A R S E N D IN G M A Y
-r .
,
1908-09.
Net earnings----------------- *$1,545,732
_________
D lv . paid June 15 1907.
Total.................. 21,817,069 19,281,927
-V . 87, p. 348.
1906.
$
4,200,000
4,890,475
6,000,000
1,121,574
60,000
2,076,987
588,000
344,891
Total.................. 21,817,069 19,281,927
G EN ER AL IN V E S T M E N T N E W S .
RAILROADS INCLUDING ELECTRIC ROADS.
Atlantic Coast Line RR .—New Joint Line.— S e e W i n s t o n S a l e m S o u t h b o u n d R R . b e l o w .— V . 8 8 , p . 1 5 5 9 .
Bangor & Aroostook RR.— Extensions.— W o r k is in p r o g
r e s s o n t h r e e li n e s , v i z . : ( 1 ) C u t - o f f o f 4 7 m i le s f r o m S t o c k
h o lm o n th e V a n B u r e n d iv is io n , th r o u g h
P erh am , W a sh
b u r n a n d M a p l e t o n , t o S q u a P a n o r M a s a r d is o n t h e F o r t
K e n t d i v i s i o n , 6 m ile s b e l o w A s h l a n d ; ( 2 ) e x t e n s i o n f r o m
V a n B u r e n , a l o n g t h e S t . J o h n R i v e r t o G r a n d I s l e , 1 5 m i le s ;
(3 ) e x te n sio n fr o m F o r t K e n t u p th e v a lle y o f th e S t . J o h n ,
1 7 m ile s t o S t . F r a n c i s .
T h e c o s t o f t h e s e e x t e n s i o n s , it is
s a i d , w ill a p p r o x i m a t e $ 2 , 5 0 0 , 0 0 0 .
A n e x te n sio n fr o m F o r t
K e n t t o V a n B u r e n , 4 0 m i l e s , is a l s o p r o p o s e d .— V . 8 7 , p . 1 1 5 7 .
Boston & Albany RR.— Offer Withdrawn.— K i d d e r , P e a
b o d y & C o . , o n e o f t h e f ir m s w h ic h l a s t w e e k o f f e r e d t h e u n
so ld p o r tio n o f $ 4 ,5 0 0 ,0 0 0 g u a r a n te e d 4 % b o n d s , a n n o u n c e
t h a t t h e y h a v e d is c o n t i n u e d t h e s a le o f t h e b o n d s , a s t h e
a m o u n t w h ic h it w a s i n t e n d e d t o s e ll a t t h i s t i m e h a s b e e n
s u b s c r ib e d f o r .
T h e r e m a i n d e r w ill b e h e ld f o r h i g h e r p r i c e s .
— V . 89 , p. 102.
Boston & Maine RR.— Offer for Stock.— S e e B o s t o n R a i l
r o a d H o l d i n g C o . b e l o w a n d in V . 8 9 , p . 4 0 . — V . 8 8 , p . 1 6 1 8 .
Boston Railroad Holding Co.— Offer for Boston & Maine
Stock.—
P ress d e sp a tc h e s s ta te t h a t a t a m e e tin g o n W e d n e s
d a y it w a s a g r e e d to o ffe r $ 1 4 0 p e r sh a r e fo r th e $ 1 0 ,9 9 4 ,8 0 0
o f B o s t o n & M a in e s t o c k p u r c h a s e d b y J o h n L . B i l l a r d f r o m
t h e N e w H a v e n r o a d , p a y a b l e 1 2 5 % in t h e 5 0 - y e a r 4 % b o n d s
o f t h e h o l d i n g c o m p a n y , r e d e e m a b le a t 1 0 5 , a n d 1 5 % in i t s
s t o c k , a ll o f t h e h o l d i n g c o m p a n y 's s e c u r i t ie s t o b e t a k e n
a t par.
T h e o ffe r is t o b e m a d e s u b j e c t t o t h e a p p r o v a l o f
th e M a s s a c h u s e tt s R a ilr o a d C o m m is s io n . T h e “ B o s t o n N e w s
B u reau ” sa y s:
At $140 per share, the total amount Involved In the purchase Is $15,
392,720. This m oney Is to be raised b y the Issuance of $13,743,500 4 %
50-year bonds, which the New Haven road will ultimately acquire In the
wind-up of the Billard Co. and which, b y guaranteeing, It can make salable.
Although the m atter Is still some distance In the future, the probabilities
are that the New Haven will sell these bonds to the public, as there Is no
longer any point In the road's owning bonds which represent stock no longer
under Its control.
In addition to the $13,743,500 4 % bonds, the H olding C o. will also Issue
to the Billard Interests $1,649,220 of stock. W ith the $100,000 of stock
already Issued, this will give the H olding Co. a total of $1,749,220 stock
and six stockholders, the five directors owning the $100,000 stock and the
New Haven road Owning $1,649,220.
Darnings for this $1,749,220 stock will, on the basis of the present 6%
dividends paid by Boston A Maine, equal about 6.2%, and may be calcu
lated thus:
H olding Co. receives 6% dividends on $10,994,800 of the Boston
$659,688
and Maine stock in Its treasury___________ .
H olding Co. pays 4 % on $13,743,500 of Its own 4 % 50-year
bonds, o r _______________________________ __________ _________ ____ 549,740
Balance for $1,749,220 stock (or 6 .2 % ) _____________ . _____
$109,948
This balance practically Insures the declaration of dividends of 4 % or bet
ter from the start.
163
THE CHRONICLE
The Holding Co. has not been officially advised that John L. Billard or
the Billard Co. Is the owner of any additional Boston & Maine shares, and
no negotiations have been entered Into for their acquisition. Later on It
Is possible that additional shares of Boston & Maine will come Into the
Holding C om pany’s treasury through negotiation.— V . 89, p. 40.
Canadian Northern Ontario Ry.— Debenture Stock.—
A p r e s s r e p o r t s t a t e s t h a t t h e p u b li c s u b s c r i p t i o n s f o r t h e
£ 8 0 0 , 0 0 0 c o n s o l i d a t e d d e b e n t u r e s t o c k , w h ic h w a s r e c e n t l y
o f f e r e d in L o n d o n a t 9 2 , a m o u n t e d t o a b o u t 9 % , t h e r e m a i n
d e r b e in g ta k e n b y th e u n d e r w r ite r s .
See V . 8 9 , p . 4 0 .
Canadian Pacific Ry.— Reported Sale of Preferred Stock.—
N e w s p a p e r a d v ic e s s t a t e t h a t th e c o m p a n y h a s so ld p r iv a te ly
in L o n d o n a t
102 $ 5 ,0 0 0 ,0 0 0 4 %
p r e fe rre d s t o c k .
On
J u n e 3 0 1 9 0 8 th e r e w a s $ 4 8 ,8 0 3 ,3 3 2 p re fe r r e d s to c k o u t
s t a n d i n g .— V . 8 8 , p . 5 6 3 .
Carolina Clinchfield & Ohio Ry.— Description of Coal
Properties.— T h i s c o m p a n y is c o n t r o lle d b y t h e C u m b e r l a n d
C o r p o r a t i o n ( V . 8 8 , p . 9 4 4 ) , w h ic h in t u r n c o n t r o l s t h e
C l in c h f ie ld C o a l C o r p o r a t i o n ( V . 8 0 , p . 2 3 4 6 , 2 2 2 2 , 2 2 4 ) .
T h e c o a l p r o p e r tie s o f th is la s t -n a m e d c o m p a n y a r e q u ite
f u l l y d e s c r i b e d in a n a r t i c le b y W i l l i a m H . S t o n e in t h e
“ M a n u fa c tu r e r s ’ R e c o r d ” o f B a lt im o r e fo r J u ly 8 . — V . 8 8 ,
p. 944, 821.
Central of Georgia Ry.— Neiv Members of the Executive
Committee.—
J . T . H a r a h a n , P r e s i d e n t o f t h e I l lin o is C e n t r a l
R R . , a n d C h a r le s A . P e a b o d y , P r e s i d e n t o f t h e M u t u a l L i f e
I n s u r a n c e C o . , h a v e b e e n e le c t e d d ir e c t o r s a n d m e m b e r s
o f th e e x e c u tiv e
c o m m itte e to su cce ed
W illia m
N e ls o n
C r o m w e l l a n d J . W . C a s t le s o f N e w Y o r k . — V . 8 8 , p . 1 5 5 9 .
Central RR. of Haiti.— Bonds Offered.— W o l l e n b e r g e r &
C o . , 2 0 6 L a S a l le S t . , C h i c a g o , in c o n j u n c t i o n w i t h Z i m m e r m a n n & F o rsh a y a n d G eorge D . C o ok C o . o f N ew Y o r k ,
h a v e b o u g h t fr o m S p e y e r & C o . a n d th e N a tio n a l C ity B a n k
o f N e w Y o r k t h e e n t i r e is s u e o f .$ 8 0 0 ,0 0 0 fir s t m o r t g a g e
1 0 -y e a r 6 % b o n d s , d a te d J u n e 1 1 9 0 9 , o f w h ic h t h e y h a v e
a l r e a d y s o l d p r i v a t e l y t h e g r e a t e r p o r t i o n h e r e a n d in E u r o p e .
T h e y a r e n o w o f f e r i n g , a s a r e also_ C h i s h o l m & C h a p m a n ,
N e w Y o r k , a s m a l l a m o u n t o f t h e is s u e a t 9 5 a n d i n t e r e s t .
T h e b o n d s a r e k n o w n a s “ 1 0 - y c a r 6 % fir s t m o r t g a g e s e c u r e d
c o ll a t e r a l t r u s t g o l d
b o n d s ,"
and
th e y
a r e p a y a b le a t
1 0 5 % o n J u n e 1 1 9 1 9 , o r , a t c o m p a n y ’s o p t i o n , o n a n y in t e r
e st d a t e o n th r e e m o n t h s ’ n o tic e .
M o rto n T r u st C o . of
N e w Y o r k , tru ste e .
C o u p o n b o n d s o f '$ 1 ,0 0 0 each .
P rin
c ip a l a n d i n t e r e s t ( J . & D . ) , p a y a b l e in N e w Y o r k in U n i t e d
S t a t e s g o l d c o in a t o f f i c e o f c o m p a n y .
“ T h e annual G overn
m e n t s u b s id ie s , a s s t a t e d b e lo w , re n d e r th e s e b o n d s p r a c
t i c a l l y G o v e r n m e n t g u a r a n t e e d a s t o i n t e r e s t .”
A c ir c u l a r
s a y s in s u b s t a n c e :
The Central R R . of Haiti, Incorporated under the laws of the State of
New Y ork, with $1,250,000 full-paid com m on stock (in shares of $100 ea ch ),
has taken over the following corporations by purchase of all their assets:
(1) The Plalne du Cul de Sac R R . Co. of Haiti; (2) the Port-au-Prince
'^ T h c bonds are secured by a first lien on all the stocks and all the bonds,
aggregating $1,382,000, of the Plalne du Cul de Sac R R . Co. of Haiti,
covering 61 miles of m odern substantially constructed railroad in well
populated and very fertile sections surrounding Port-au-Prince, including
an extension of 16 miles to Leogane— under construction— as well as all
the stations, terminals, bridges, repair shops, rights, franchises, &c.; also
the street railroads of Port-au-Prince, the principal p ort, with a population
of about 115,000.
.....
The above-m entioned collateral securities carry with them a guaranty on
the part of the Government of the R epublic of Haiti for the paym ent of an
annual subsidy of $41,280, U. S. gold coin, for which guaranty 20% of the
Governm ent’s revenues from the duties on cocoa and logw ood are p led ged ,
which total revenues exceed by about 10 times the amount of this guaranty.
The trust indenture provides for an additional deposit with the trustee
of $357,000 United States gold 30-year 6% first mortgage sinking fund
gold bonds of the Port-au-Prince W harf C o., being a llrst, closed and only
lien on a modern steel wharf under construction out of the proceeds of this
issue, &c. The W harf com pany owns a valuable 50-year Government con
cession, involving a m onopoly, for the loading and unloading of vessels
at the rate of U. S. $t per ton, to be directly collected by the com pany
from ship-owners. These earnings will be increased by a Government
grant made to the com pany, consisting of the total am ount of the Govern
ment wharfage dues at Port-au-Prince, which are levied simultaneously
with the customs duties, and amounted to about U. S. $30,000 per annum.
The aforesaid trust Indenture provides that this Issue shall be limited to
$800 000 and that the mentioned subsidiary companies shall not contract
any bonded debt outside of the issues deposited as collateral for this loan,
except for newly acquired property. This issue of $800,000 Is, therefore,
secured by the deposit of the first, closed and only liens on the above prop
erties, which represent an actual cash investment of about U. S. $1,500,000
g°T he properties pledged are expected to show net earnings, Including the
stated Government subsidies, of about U. S. $130,000 per annum, or about
three times the amount of interest required for this Issue, the Government
subsidies alone rendering the bonds guaranteed as to Interest.
The fact that our leading financial Interests for the first time, after careful
investigation, have decided to engage themselves In Haiti, speaks well for
the future of that R epublic, which, owing to her rich natural resources,
has always been able to fulfill her foreign obligations and Is now considered
to be on the eve of a period of great commercial developm ent. The credit
of the R epublic Is well established in Europe, Haitian Governm ent bonds,
listed in Paris, ruling about par.
, „
„
^
[The com pany’s office is at 25 Broad St. Permanent officers will be
elected on July 20.— Ed.] Compare V. 89, p. 40.
Central Railway Syndicate.— Extension of Syndicate to
[VOL. L X X X IX .
8 8 , p . 1 4 9 7 ) , a n d t h e t i m e w i t h i n w h ic h d e p o s i t s m a y b e
m a d e h a s b e e n lim ite d to a n d in c lu d in g A u g . 2 1 9 0 9 ; a f t e r
t h a t d a t e n o s t o c k w ill b e r e c e i v e d e x c e p t u p o n t e r m s t o b e
fix e d b y J . P . M o r g a n & C o ., d e p o s ita r ie s f o r th e s t o c k u n d e r
th e r e o r g a n iz a tio n p la n .
(S e e a d v e r t is e m e n t o n a n o th e r
p a g e .) — V . 8 8 , n .
1497.
Chicago St. Paul Minneapolis & Omaha Ry.— Listed.—
T h e N e w Y o r k S t o c k E x c h a n g e h a s li s t e d $ 1 4 0 , 0 0 0 a d d i t i o n a l
6 % c o n s o lid a te d m o r t g a g e b o n d s d u o 1 9 3 0 , m a k in g th e t o t a l
a m o u n t a u t h o r i z e d t o b e li s t e d $ 1 7 , 4 7 8 , 0 0 0 .
The bonds just listed have been Issued on account of construction of 9
miles and 1,762 feet from Draper, Sawyer County, W isconsin, to Kennedy
in Price County.
E a r n in g s f o r E le v e n M o n t h s e n d in g M a g 31 1909.
E le v e n
M o n th s
O p e r a tin g
R even u e.
N et
R ev en u e.
T a xes
R a id .
O th er
In com e.
F ix e d
C h a r g e s.
B a la n c e ,
S u r p lu s .
1908-09 .-$12,380,912 $4,371,776 $582,857 $8,468 $1,664,982 $2,132,405
1907-08
11,933,419 4,025,735 ----------------------- ..........................................
D iv id e n d s f o r th e p e a r on the com m on stock (7 % ) call for $1,298,934,
and on the preferred stock (7% ) for $787,976, leaving a surplus for the
eleven months ending May 31 1909 of $15,495.— V. 87, p. 869.
Chicago
&
Western Indiana RR.— New Union Passenger
Station at Chicago.—
T h e c o m p a n y h a s b e e n p u r c h a s in g la n d
fo r s o m e t im e fo r a n e w u n io n p a s s e n g e r s t a t io n a t C h ic a g o ,
a n d is c o n s i d e r i n g p la n s t h e r e f o r , t h o u g h i t is u n c e r t a i n
w h e t h e r a d e c is i o n w ill b e r e a c h e d u n d e r a y e a r o r m o r e .
One plan suggested provides for a station on the present site at Polk and
Dearborn streets, but extending from Clark St. to State St. Another
provides for a passenger station at 12th St. and a 1 2 -story freight station
and warehouse on the site of the present passenger terminal. In either
case the tracks (now on the street level) would be elevated, and there
would be 16 tracks in the train-shed, while the head-house would be a 14story structure for railway offices, & c.— V. 88, p. 1615.
Cuba RR —Listed.— T h e N e w Y o r k S t o c k E x c h a n g e h a s
l i s t e d $ 1 0 9 , 0 0 0 a d d i t i o n a l fir s t m o r t g a g e 5 % 5 0 - y e a r b o n d s
d u e 1 9 5 2 , m a k i n g t h e t o t a l a m o u n t li s t e d t o d a t e $ 8 , 3 9 9 , 0 0 0 ,
w ith a u t h o r it y to lis t $ 4 0 1 ,0 0 0 a d d itio n a l o n n o tic e o f s a le ,
m a k i n g t h e t o t a l a m o u n t a u t h o r i z e d t o b e li s t e d $ 8 , 8 0 0 , 0 0 0 .
The proceeds of the $501,000 bonds to be listed are to be used for perma
nent bridges, com pletion of ballasting of roadway, general track construc
tion, erection and com pletion ot station buildings, dredging and building
on the com p any’s property at Antllla, on Nipe Bay, and general work on
extensions and branch lines.— V . 88, p. 1619.
Delaware & Eastern Ry.— Bonds Sold.— T h e c o m p a n y a n
n o u n c e s t h e s a l e t o a n E n g l i s h s y n d i c a t e o f $ 3 , 5 0 0 , 0 0 0 o f it s
fir s t m o r t g a g e 5 0 - y e a r 5 %
b o n d s .— V . 8 8 , p . 1 4 9 9 .
Fort Dodge Des Moines &SouthernRR.— In Default.—
The
c o u p o n s d u e J u ly l o n t h e fir s t m o r t g a g e b o n d s h a v e n o t b e e n
p a id ; n e ith e r h a v e th e c o u p o n s d u e J a n . 1 1 9 0 9 , in te r e s t fo r
o n e y e a r b e i n g in d e f a u l t . — Y . 8 7 , p . 1 4 2 0 .
Fort Wayne & Springfield (Electric) Ry.— Bonds Offered.
— \ V . J . M a c D o n a l d , 1 3 4 M o n r o e S t . , C h i c a g o , is o f f e r i n g
$ 1 8 0 , 0 0 0 fir s t m o r t g a g e 5 % g o l d b o n d s , d a t e d J u n e 1 1 9 0 6 ,
d u e J u n e 1 1 9 2 6 , r e d e e m a b le o n a n y in te r e s t d a y a t 1 0 5 a n d
in te r e s t.
D e n o m in a tio n $ 1 ,0 0 0 .
In t e r e s t J . & D . a t C le v e
la n d ( O . ) T r u s t C o . , t r u s t e e .
C a p ita l s t o c k a u t h o r iz e d ,
$ 1 ,0 0 0 ,0 0 0 ;
is su e d , $ 5 6 0 ,0 0 0 ;
b o n d s a u th o r iz e d , $ 3 0 0 ,0 0 0
( a b o u t $ 9 , 0 0 0 p e r m i l e , “ c o s t p e r m ile o v e r $ 2 0 , 0 0 0 ” ) ; s o l d ,
$ 1 1 3 ,0 0 0 .
A c ir c u l a r s a y s :
E a r n in g s f o r Y e a r e n d in g M a r c h 31 1909 o n a b ou t 21 M i l e s o f R o a d .
Gross passenger---------------------$48,154 ITotal gross___________________$56,623
Gross fr e ig h t ....... .......... ........... 7,453 Oper. ex p ., including t a x e s .. 31,204
Gross m iscellaneous------------1,0161Net ea rn in g s________________ 25,419
The Arnold C o., engineers, estimate the annual earnings of the 33 miles
as gross. 590,560: net, $50,960, or over three times interest charge on
$300,000 bonds (total issue). These bonds are issued for retiring indebted
ness and com pleting the 12 miles of extension.
The road In operation, 21 miles, power-house and equipm ent, cost
$524,874: estimated cost additional 12 miles under construction, $147,437;
total, about $672,311. The com pany is operating over private right ot
way between Fort W ayne and Decatur, franchises having been obtained
for such part of public highway as is used, and has a 50-year franchise in
Decatur and a 28-year franchise in Fort W ayne. The road has been In
successful operation from Fort W ayne to Decatur, 21 miles, for over two
years
The proposed extension, a part of which is under construction, Is
from 'D eca tu r to Bern, about 12 miles. The track consists ot 70-lb. T
rails on standard oak ties, heavy gravel ballast; pole line and overhead
work first-class. In addition to its regular equipm ent, the com pany owns
a 40-ton locom otive, 14 flat cars and a steam shovel; also 70 acres of land
with gravel pit and stone quarry. The power-house Is located at Decatur
on the St. Mary’ s R iver.
„ ,,,,
The territory served Is a prosperous farming com m unity, I’ ort W ayne,
the northern terminal of the road, is a m anufacturing city ot about 60,000
Inhabitants. Decatur Is a city of about 6,000 and has a number of manu
facturing interests. Monroe, on the extension now under construction,
has about 1.000, and Bern 1,500 inhabitants.— V . 86, p. 1042.
Geneva Corning & Southern RR.— Bond Issue Sanctioned.
— The
P u b li c
S e r v ic e C o m m is s io n ,
Second
D is tr ic t,
on
J u ly 10 g r a n te d th e G e n e v a C o r n in g & S o u th e r n R R . a n d
th e N e w Y o r k C e n tr a l & H u d s o n R iv e r R R . C o . p e r m is s io n
t o m a k e a $ 1 0 , 0 0 0 , 0 0 0 “ fir s t a n d r e f u n d i n g m o r t g a g e ” upon
t h e p r o p e r t y o f t h e G e n e v a C o r n i n g S o u t h e r n , u n d e r the
s e c u r i t y o f w h ic h t h e N e w Y o r k C e n t r a l is a u t h o r i z e d to
is s u e a t o n c e $ 3 , 7 4 4 , 0 0 0 o f it s o w n 5 0 - y e a r 4 % b o n d s a n d
t o s e ll t h e s a m e a t n o t le s s t h a n 9 5 .
The proceeds of the present issue of $3,744,000 bonds arc to lie used to
pay the $600,000 second mortgage bonds of the Syracuse Geneva & Corning
R y. C o., for the construction of additional yard facilities at Corning, of a
passing side at Stokesdale Junction, and of bridges at Lawrencevlllo,
$528,000; to reimburse the New York Central for general construction, ex
tension and improvem ent w ork, $2,616,000.
The com m ission also authorized the New Y ork Central to surrender
8,218 shares of the capital stock of the Syracuse Geneva & Corning R R . Co.
and
shares o f the capital stock of the Fine Creek R R . Company
Chicago Great Western Ry.— Sale Ordered.— J u d g e S a n owned19,980
by It to the Geneva Corning & Southern R R . Co. and to receive
b o r n in t h e U n i t e d S t a t e s C i r c u it C o u r t a t S t . P a u l o n J u l y 1 0
in place thereof com m on stock o f the Geneva Corning & Southern R R . Co.
to the par value of $ 1 ,8 2 0 ,8 0 0 .
.
..
„ ,.
.
,
is s u e d a fin a l d e c r e e a u t h o r i z i n g A t t o r n e y A l b e r t R . M o o r e
The New York Central is authorized to guarantee the dividends upon the
o f S t . P a u l , s p e c ia l M a s t e r in C h a n c e r y , t o s e ll t h e p r o p e r t y
stock of the Geneva Coridng & Southern R R . Co. as provided in the lease
a t p u b lic a u c t io n , a fte r g iv in g fo u r w e e k s ’ n o t ic e .
T h e s a l e ' with the com pany. Compare V. 88, p. 1313, 1127, 1001, 1002, 822.
January
1 1 9 1 0 .— H o r a c e E . A n d r e w s , s y n d ic a t e m a n a g e r ,
h a s s e n t n o tic e s to th e m e m b e r s o f th e s y n d ic a t e p r o p o s in g
to e x te n d th e s y n d ic a t e a g r e e m e n t s ix m o n t h s lo n g e r to
Jan. 1 1910.
M r. A n d r e w s s ta te s t h a t n e g o tia tio n s are u n d e r
w a y f o r a s a l e o f p a r t o f t h e s e c u r i t i e s .— V . 8 8 , p . 5 2 .
w ill b e m a d e t o s a t i s f y a j u d g m e n t o b t a i n e d b y n o t e h o l d e r s
a n d g e n e r a l c r e d it o r s f o r $ 1 0 , 6 5 3 , 4 1 4 .
T h e u p s e t p r i c e is
$ 1 2 , 0 0 0 ,0 0 0 .
Deposits.—
M ore th a n 9 0 % of th e d e b e n tu re sto c k a n d su b
s t a n t i a l a m o u n t s o f t h e o t h e r c la s s e s o f s t o c k s h a v e b e e n d e
p o s i t e d u n d e r t h e p l a n , w h ic h w a s m a d e p u b li c J u n e 1 ( V .
Great Northern Ry.— Electric Power Through Cascade Tun
nel.—
E l e c t r i c l o c o m o t i v e s h a v e r e c e n t l y b e g u n t o h a u l t r a in s
t h r o u g h t h e C a s c a d e T u n n e l , 2 ]/% m ile s in l e n g t h .
U nder
t h e o p e r a t i o n o f s t e a m l o c o m o t i v e s it h a s t a k e n f r o m 4 0 t o 5 0
m i n u t e s f o r t h e t u n n e l t o b e c o m e c le a r o f t h e s m o k e .
Com
p a r e a n n u a l r e p o r t, V . 8 7 , p . 1 1 6 8 .— V . 8 8 , p . 1 3 7 2 .
July 17 1909. ]
THE CHRONICLE
Iowa Central Ry. Co.— Listed.— T h e N e w Y o r k S t o c k
E x c h a n g e h a s l i s t e d $ 2 0 0 , 0 0 0 a d d i t i o n a l fir s t a n d r e f u n d i n g
m o rtg a g e 4 %
5 0 -y e a r b o n d s d u e 1 9 5 1 , m a k in g th e t o ta l
a m o u n t li s t e d t o d a t a $ 5 , 7 2 0 , 0 0 0 , a n d h a s a u t h o r i z e d $ 3 9 5 ,
0 0 0 a d d i t i o n a l t o b e li s t e d o n n o t ic e o f s a l e , m a k i n g t h e t o t a l
a m o u n t a u t h o r i z e d t o b e li s t e d $ 6 , 1 1 5 , 0 0 0 .
T h e $ 5 9 5 , 0 0 0 b o n d s t o b e li s t e d h a v e b e e n o r a r e t o b e
s o ld fo r a d d itio n s , im p r o v e m e n t s a n d e q u ip m e n t .
E a rn in g s fo r T en M o n ^ s ending A p r il 30
O perating
N et
Other
F ix e d
R even u e. R evenu e.
In com e.
Charges.
T en M on th s —
1908-09
_
-52,544,529 $512,594
1907-0 8 .......... ....... 2,579,291
846,694
— V . 8 8 , p. 1437.
$100,682
----------
B a lan ce,
D eficit.
$739,560 $126,284
------------------------
Kansas City Fort Scott & Memphis Ry.— Listed.— T h e
N e w Y o r k S to c k E x c h a n g e h a s lis te d $ 3 9 7 ,0 0 0 a d d itio n a l
4 % g u a r a n te e d r e fu n d in g m o r tg a g e b o n d s d u e 1 9 3 6 , m a k in g
t h e t o t a l a m o u n t li s t e d t o d a t e $ 2 1 , 8 1 2 , 0 0 0 .
P u rp oses for W hich Said $397,000 B on ds have been Listed.
To retire a like amount of underlying b o n d s ............. ............... .$136,000
For refunding purposes-------- -------------------- -----------------------30,999
For additional Improvements, betterments and equipment______ 200,000
For additional lines, extensions, &c.............. ............. ................
31.000
E a rn ings of S t. L ou is & S an F ra n cisco fo r 1 1 M o n th s ending M a y 31.
E leven
Operating
N et over
Other
F ix e d
lsf P f . D iv . B a lan ce,
M on th s. R evenu e.
T a xes.
In com e.
Charges.
(9 A fos.). S u rplus.
1908- 9 $34,696,825 $10,316,073 $778,371 $9,904,951 $149,807 $1,039,686
1907-8. 33,382,939
9,076,481 ---------- ------------- ---------- ------------Fixed charges as above Include Interest, rentals and sinking funds, S8 ,814,201, and dividends on East. 111. and Kansas City Ft. Scott & Memphis
stock trusts, $1,090,750.— V. 8 8 , p. 1061.
Kansas City Terminal RR.— Ordinance Passed.— T h e C i t y
C o u n c il o n J u l y 7 p a s s e d t h e o r d i n a n c e d e s ir e d b y t h i s c o m
p a n y p e r m ittin g th e e r e c tio n o f a n e w u n io n r a ilw a y s t a t io n
a t K a n s a s C it y , th e r e m o v a l o f g r a d e c ro ssin g s, & c .
The
o r d i n a n c e w ill h a v e t o b e s u b m i t t e d t o a v o t e o f t h e p e o p l e
o f K a n s a s C it y b e fo r e it c a n b e c o m e e ffe c tiv e .
T w o p la n s
h a v e b e e n u n d e r c o n s i d e r a t i o n , o n e c a ll i n g f o r a n o u t l a y
o f $ 1 5 ,0 0 0 ,0 0 0 , th e o th e r fo r $ 2 7 ,0 0 0 ,0 0 0 .- — Y . 8 7 , p . 1 0 1 1 .
Louisville & Nashville RR.— Listed.— T h e N e w Y o r k S t o c k
E x c h a n g e h a s li s t e d $ 2 4 5 , 0 0 0 a d d i t i o n a l A t l a n t a K n o x v i l l e &
C in c in n a ti d iv is io n 4 % b o n d s d u e 1 9 5 5 , m a k in g th e to ta l
a m o u n t li s t e d t o d a t e $ 1 0 , 2 4 5 , 0 0 0 . — Y . 8 9 , p . 4 2 .
Massachusetts Electric Companies, Boston.—New Stock
for Subsidiaries.—
T h e O ld C o lo n y S tr e e t R a ilw a y C o . o n
J u ly 1 4 p e t i t i o n e d t h e M a s s a c h u s e t t s R a i l r o a d C o m m i s s i o n e r s
f o r a u t h o r i t y t o is s u e $ 4 0 4 , 2 0 0 a d d i t i o n a l 6 %
c u m u la tiv e
p re fe r r e d s t o c k a t $ 1 1 5 a s h a r e (p a r $ 1 0 0 ) .
T h e B o sto n &
N o r th e r n S tr e e t R a ilw a y C o . h a s a lso a p p lie d fo r a u t h o r it y
t o in c r e a s e i t s p r e f e r r e d 6 % c u m u l a t i v e s t o c k b y $ 5 8 8 , 3 0 0
b y s a l e t o s h a r e h o ld e r s a t t h e s a m e p r i c e .— V . 8 8 , p . 1 5 6 0 .
Metropolitan Securities Co.—Judgment Against Co. Af
firmed.—
T h e U n i t e d S t a t e s C i r c u it C o u r t o f A p p e a l s o n
W e d n e s d a y a ffir m e d th e ju d g m e n t fo r $ 5 ,2 7 1 ,5 8 2 a w a r d e d
a g a i n s t t h e c o m p a n y b y t h e l o w e r c o u r t in S e p t e m b e r la s t
in f a v o r o f t h e N e w Y o r k C i t y R y .
C om pare Y . 8 7 , p . 8 1 3 .
— V . 88, p . 944.
New York City Ry.—Judgment Against Metropolitan Se
curities Co. Affirmed.— S e e t h a t c o . a b o v e . — V . 8 8 , p . 9 4 5 .
New York New Haven & Hartford RR.—Sale of Interest
in Massachusetts Electric Railways Apparently Completed.—
P r e s i d e n t M e lle n , u n d e r d a t e o f N e w Y o r k , J u l y 1 1 9 0 9 ,
w r o t e t o C h a r le s E . M a n n , c le r k o f t h e M a s s a c h u s e t t s
R a i l r o a d C o m m i s s i o n a s f o l l o w s : “ T h i s c o m p a n y is n e i t h e r
d i r e c t l y n o r in d i r e c t l y c o n c e r n e d in t h e c o n t r o l o f a n y s t r e e t
r a i l w a y s i n t h e C o m m o n w e a l t h o f M a s s a c h u s e t t s .”
This statement Is understood to mean that the company has complied
with the decree of the Supreme Court of Massachusetts that on or before
July 1 1909 It must part with all Its holdings In the Worcester & Southbridge, Worcester & Blackstone Valley, Worcester & Webster, Worcester
& Dudley, the llerkshlrc and the Springfield Street R y. companies, and
such other street railway Interests as It may hold In Massachusetts. (Com-,
pare V. 8 8 , p. 506, 507.)
Holding Company Makes Offer for Boston & Maine Stock.—
S e c B o s t o n R a ilr o a d H o ld in g C o m p a n y a b o v e .— V . 8 9 , p .1 0 4 .
Norfolk & Western Ry.— New Joint Line.— S e e W i n s t o n S a l e m S o u t h b o u n d R R . b e l o w .— V . 8 8 , p . 1 0 6 2 .
North Carolina RR.— New President.— M a j o r C h a r le s M Steel m a n o f G r e e n s b o r o , N . C . , h a s b e e n e le c t e d P r e s i d e n t — V . 66, p. 665.
Northern P a c i f i c Ry .— New Line.— C o n t r a c t s w e r e r e c e n t l y
le t f o r t h e fir s t 1 0 0 m ile s o f c o n s t r u c t i o n w o r k o n t h e M is s o u r i
R iv e r b r a n c h fr o m G le n d iv e to M a n d a n , N . D . , 2 5 0 m ile s .
— V.
88,
p.
1500.
Northern Pacific Terminal Co.— Called Bonds.—
T h ir t y -fiv e
( $ 3 5 , 0 0 0 ) fir s t m o r t g a g e b o n d s o f 1 8 8 3 h a v e b e e n d r a w n a n d
w ill b e r e d e e m e d b y t h e F a r m e r s ’ L o a n & T r u s t C o . o n A u g . 4
1 9 0 9 a t 1 1 0 a n d a c c r u e d i n t e r e s t .— V . 8 8 , p . 2 3 2 .
Oregon Railroad & Navigation Co.— Listed.—
The
N ew
Y o r k S t o c k E x c h a n g e h a s li s t e d $ 1 , 8 9 8 , 0 0 0 a d d i t i o n a l 4 %
c o n s o lid a te d m o r tg a g e b o n d s d u e 1 9 4 6 , a n d h a s a u th o r iz e d
$ 3 , 0 0 0 a d d i t i o n a l t o b e lis t e d a s is s u e d in e x c h a n g e f o r
tr u s t m o r tg a g e 6 % b o n d s , m a k in g th e to ta l a m o u n t to b e
li s t e d
$ 2 3 ,3 8 3 ,0 0 0 .
The bonds were Issued for the construction of new mileage, aggregating
95.07 miles In length, viz.: Line from Dayton, Wash., to a point at or
near Delaney, 12.92 miles; Fairfield, Wash., to VVaverly, 4.70 m.; Portland,
Ore., to St. Johns, 5.13 in.; Wardner, Idaho, to head of Deadwood Gulch,
4.37 in.; Elgin. Ore., to Joseph, 62.69 in., and St. Johns, Ore., to Troutdale, 5.20 miles.
E arn ings fo r Ten M on th s ending A p ril 30.
I'otal revenue_____ ______$11,015,822 I Other charges--------------- $385,316
N et after taxes__________ 4,852,8151Pref. dividends,. 4%
. - ____
435,008
Common dividends, 4 % . ,
959,170
D educt —
$750,700[Balance, surplus_________ 2,316,610
Interest on bonds__
— V. 87, p. 1421.
P e n n s y l v a n i a R R .—Rumors as to Stock Issue.
d e lp h i a F i n a n c i a l B u l l e t i n ” o n J u l y 1 4 s a i d :
-T h e “ P h ila -
163
Bankers have now- apparently settled down to the belief that the Penn
sylvania R R . Co. will redeem the $60,000,000 of notes which fall due in
March of next year with a stock offering. It is not probable that any
announcement of the Issue will be forthcoming before September, as the
board of directors does not meet until that month. The amount of the
Issue has probably been determined on, but It Is not likely the street will
have any definite information on this point for some tim e.— V. 88, p.
1254, 1062.
P h i l a d e l p h i a R a p i d T r a n s i t C o .—Earnings and Charges. —
Reasons for Not Restoring Strip Tickets.— T h e d i r e c t o r s o n
J u ly 8 a d d r e s s e d
to
t h e C i t y C o u n c i ls o f P h i l a d e l p h i a
s u b s t a n t i a l l y t h e f o l l o w i n g f in a n c ia l s t a t e m e n t , s i g n e d b y
P r e s i d e n t P a r s o n s , e x p l a i n i n g t h a t if t h e c o m p a n y s h o u l d
p u t b a c k t h e s i x - f o r - a - q u a r t e r t i c k e t s i t s r e c e i p t s in t h e
c u r r e n t f is c a l y e a r w o u l d f a l l s h o r t b y n e a r l y $ 5 0 0 , 0 0 0 o f
th e a m o u n t r e q u ir e d t o p a y e x p e n s e s , fix e d c h a r g e s a n d
ta x e s .
I f t h e p r e s e n t r a t e o f f a r e is m a i n t a i n e d , t h e c o m p a n y
fig u r e s t h a t i t w ill b e a b l e t o e n d t h e fis c a l y e a r w i t h a s u r p lu s
o f $ 9 0 0 ,0 0 0 , o r 3 % o n th e $ 3 0 ,0 0 0 ,0 0 0 o f c a p it a l s t o c k .
Replying to the joint resolution of your Honorable Bodies passed June 17
1909, In which you express the hope that this company would reconsider and
readjust the fare question, so that the sale of strip tickets might be restored,
we beg, to lay before you the following facts;
For the current year, beginning July 1 1909, the Interest, rental and
sinking fund charges of the company (Including the interest on the whole
of the $5,000,000 of bonds recently Issued) will amount to $8,416,056.
(These charges will be Increased beginning In 1912 by sinking fund pay
ments for the benefit of the city, as well as sinking fund payments under
the said issue of bonds, the city sinking fund being so arranged as to pro
duce $30,00u,000 In the following 45 years.)
These payments are due to over 25,000 different stockholders and bond
holders, and must be met. All talk about a reduction or readjustment
of these charges Is mere agitation, which cannot have any practical effect.
In addition the company’s taxes for year ended June 30 1909 amounted
to $1,473,993, viz.: State. $796,611; local, $177,597; payment to Phila
delphia under contract, $499,785.
(Besides these direct payments, the company, as part of the fixed charges
above mentioned, is paying out each year in Interest, $1,200,000 upon that
portion of Its capital which was spent In laying Improved pavements in
the city at the time the trolley system was Installed, so that the company
Is paying each year out of Its receipts for the benefit of the public upwards
of $2,500,000, or more than one-half a cent for every passenger carried.
Including those carried on transfers.)
If, therefore, there is no change In the taxes for the coming year, the
company w ill stand obligated to pay out of its receipts from passengers
by way of fixed charges, licenses and taxes $9,890,049.
The figures for operation for the year 1909 are not yet made up. Taking
the year 1908 as a basis, we find that the company's expenses for main
tenance, transportation, power and general expenses (Including 6% for
accidents) were $9,794,508.
As Is known, the Increase In the wages of motormcn and conductors will
add approximately $280,000 to the expenses during the coming year, so
that the company must take In during the year ending June 30 1910:
For taxes, licenses and fixed charges____________________ ____ $9,890,049
For operation (based on expenses of 1908)______________
__
9,794,508
28 0,00 0
Add increase In wages_____________________________________ ____
Or a total________________________________________ _________ _ . $19,964,557
To estimate the receipts, there are two factors to be determined, viz.: the
number of passengers carried and the average amount received per passen
ger. The record of former years shows the number of passengers carried to
have been as follows. For years ended June 30:
1908-09.
1907-08.
1906-07.
1905-06.
464,364,656
512,869,023
492,137,038
448,576,785
An estimate of the number of passengers to be carried during the current
year at 500,000,000 seems fair.
For the nine months ending April 1 1909, which included a period when the
new transfer order was in effect, and before strip tickets were withdrawn
from sale, the average fare per passenger was 3.90. I f strip tickets were
restored, as requested by Councils, and If the estimate of 500,000,000
should prove correct, the receipts for the current year would be $19,500,000
(500,000,000 passengers at 3.90 per passenger), or nearly $500,000 less
than the absolute requirements of the company.
On the other hand, the average fare now being received per passenger Is
about 4.18. (This Is less than estimated, due to the greater use of ex
changes and transfers.) Assuming that the company will carry 500,000,000
passengers, and applying this average rate, we get estimated receipts for
the current year of $20,900,000, or a surplus of about $900,000.
If this estimate proves correct, it w ill leave about 3% on the $30,000,000
cash capital of the Rapid Transit Co.
All of these figures for the current year, except the fixed charges, are
necessarily estimates, and the results are subject to change if the taxes
or expenses should be Increased or reduced, or the number of passengers
should va ry.— V. 88, p. 1621, 1561.
Public Service Investment Co., Boston.— First Dividend.—
T h is c o m p a n y , w h o s e $ 1 ,0 0 0 ,0 0 0 6 % c u m u la t iv e p r e fe rre d
s t o c k w a s p la c e d in M a r c h la s t b y S t o n e & W e b s t e r , h a s
d e c la r e d a d i v i d e n d o f 1 l
A % o n its p re fe r r e d s h a r e s , p a y a b le
A u g . 2 t o h o ld e r s o f r e c o r d J u l y 1 9 .
C om pare V . 8 8 , p . 1 0 0 2 .
St. Louis Brownsville & Mexico Ry.— Change In Officers.
— O . H . N a n c e , fo r m e r ly T re a su r e r o f th e T r in it y & B r a z o s
V a l l e y R y . h a s b e e n e le c t e d A u d i t o r a n d T r e a s u r e r , in t h e
la t t e r p o s itio n s u c c e e d in g J o h n D . F in n e g a n , w h o r e m a in s
S e c r e t a r y a n d a l s o b e c o m e s S u p e r i n t e n d e n t .— V . 8 8 , p . 1 1 2 9 .
Santa Fe Liberal & Englewood RR.— New Committee.—
A n n o u n c e m e n t is m a d e b y a d v e r t i s e m e n t t h a t t h e f o l l o w i n g
r e o r g a n iz a tio n c o m m it t e e , v i z .:
Charles H . Lee, W . Bayard Cutting, Manton B. Metcalf, A. B. Farquliar, W m . S. Grant Jr., W . A. Harder and L. Baffin Kellogg, with Robert
Lawrence as Secretary and Kellogg & Rose as Counsel, 115 Broadway,
Manhattan, New York City,
w a s a p p o i n t e d a t a r e g u la r m e e t i n g o f t h e b o n d h o l d e r s d u l y
c a ll e d f o r t h a t p u r p o s e , t o a c t a s a g e n e r a l c o m m i t t e e in
th e in te r e s t o f th e o w n e r s o f a ll b o n d s a n d s t o c k s o f th e f o l
lo w in g c o m p a n ie s :
Yankee Fuel Co.
I Santa
Santa Fe Raton & Eastern R R .
Raton
Santa Fc Raton & Des Moines RR.| Raton
and all other corporations formerly under the
Fe Liberal & Englewood R R .
W ater Works Co. of New Mex.
W ater Works Co. of N . Y .
control of E. D. Shepard & Co.
T h e c o m m it t e e in v ite s th e c o -o p e r a tio n o f a ll p a r tie s
i n t e r e s t e d , in a n e n d e a v o r t o p r o t e c t t h e i r i n t e r e s t a n d t o
a d j u s t t h e a f f a ir s o f t h e s e v e r a l c o m p a n i e s , w i t h a v i e w o f
d e v i s i n g a n e q u i t a b l e p l a n o f r e o r g a n i z a t i o n a n d a r e h a b i li
t a t io n o f th e p r o p e r tie s .
T h e s e c u r ity -h o ld e r s a r e u r g e d to
d e p o s i t t h e i r b o n d s a n d c e r t if i c a t e s o f s t o c k w i t h t h e T r u s t
C o . o f A m e r i c a , N e w Y o r k , a s d e p o s i t a r y , n o t la t e r t h a n
A u g . 1.
C o m p a r e S a n t a F e R a t o n & E a s t e r n R R . in V . 8 8 ,
p . 7 4 9 , 9 4 6 a n d 1 5 0 1 ; a lso se e V . 8 8 , p . 6 2 5 , 8 8 4 .
Santa Fe Raton & Des Moines RR.—
S e e S a n t a F e L ib e r a l
& E n g le w o o d R R . a b o v e .— V . 8 8 , p . 9 4 6 .
Santa Fe Raton & Eastern RR.—
H
S e e S a n t a F e L ib e r a l &
E n g le w o o d R R a b o v e .— V . 8 8 , p . 1 5 0 1 .
THE CHRONICLE
1 64:
Savannah Augusta & Northern Ry.— Appeal—Sale Post
poned.—
A n a p p e a l h a s b e e n t a k e n t o t h e U n i t e d S t a t e s C ir
c u it C o u r t o f A p p e a ls fr o m th e d e c re e o f J u d g e S p e e r , o r
d e r in g th e sa le o n A u g . 3 .
T h i s w ill o p e r a t e a s a s t a y u n t il
t h e a p p e a l c a n b e h e a r d , w h i c h w ill p r o b a b l y b e in O c t o b e r
n e x t .— V . 8 9 , p . 4 4 .
Seaboard Air Line Ry.— Payment of Receivers' Certificates.
— I t is u n o f f i c i a l l y r e p o r t e d t h a t u n d e r t h e r e o r g a n iz a t io n
p l a n a n n o u n c e d J u l y 1 1 9 0 9 t h e $ 3 , 0 0 0 , 0 0 0 s e r ie s “ A ” 6 %
r e c e i v e r s ’ c e r t if i c a t e s d u e J u n e 1 1 9 1 1 w ill b e c a ll e d f o r p a y
m e n t a t p a r a n d in te r e st o n D e c . 1 1 9 0 9 a n d th e $ 4 ,2 5 0 ,0 0 0
5 % r e c e i v e r s ’ c e r t i f i c a t e s , s e r ie s “ C , ” d u e J a n . 1 1 9 1 2 , a t
p a r a n d in te r e s t o n J a n . 1 1 9 1 0 .— V . 8 9 , p . 4 3 , 1 0 5 .
Payment of Overdue Coupons.— T h e c o u p o n s m a t u r i n g
A p r il 1 1 9 0 8 , O c t . 1 1 9 0 8 a n d A p r il 1 1 9 0 9 o n th e $ 1 2 ,7 7 5 ,0 0 0
fir s t m o r t g a g e 4 s o f 1 9 0 0 w ill b e c a s h e d u p o n d e p o s i t o f t h e
b o n d s u n d e r th e r e a d ju s t m e n t p la n r e c e n tly a n n o u n c e d ,
a t th e M o r to n T r u s t C o ., N e w Y o r k ; th e C o n tin e n ta l T r u s t
C o ., B a lt im o r e ; th e A m e r ic a n T r u s t C o ., B o s t o n , or th e
B a n k of R ic h m o n d , R ic h m o n d , Y a .— Y . 8 9 , p . 1 0 5 , 4 3 .
Southern
Railway.—Report
Indiana
Earnings—Payment
of
Coupon
of Committee.—
Recommended.— O f t h e
t o t a l is s u e o f $ 7 , 5 3 7 , 0 0 0 fir s t m o r t g a g e 4 %
g o ld b o n d s ,
$ 6 ,8 1 3 ,0 0 0 h a v e b e e n d e p o s ite d w ith th e p r o te c tiv e c o m
m it t e e , c o n s is tin g o f—
Anton G. Hodenpyl, Chairman, Richard H. Higgins and John P. Thomp
son, all of New York; John W . Hamer, Philadelphia, Seth M. Carter,
Lewiston, Me.; Arthur C. Raymond, Boston, and Emile K . Boisot, Chicago,
with John C. VVeadock, 7 Wall St., N. Y ., Secretary, and the Bankers’
Trust Co., N . Y ., as depositary and the Girard Trust Co., Philadelphia,
and American Trust Co., Boston, as agencies of the depositary.
T h is
say
in
c o m m itte e , u n d er d a te o f
N ew
Y ork,
J u ly
1 1909,
su b sta n ce :
The committee begs to submit the following second report with reference
to the affairs of the company. The ilgurcs are taken from statements
furnished by the receiver.
$917,189
Gross earnings Aug. 20 1908 to May 31 1909.............................
Other Income, $94,469; less rents paid, $35,098----------------59,371
Total Income_________________________________________________
Operating expenses Aug. 20 1908 to May 31 1909:
Malnt. of way & stru ct..
$106,2361Transportation expenses
Malnt. of equipment____
1,33,898 General expenses............
Traffic expenses..............
15,0751
—
Total operating expenses------------------- -------- - - - - - - r - - - - N et cash receipts from earnings Aug. 20 1908 to May 31 1909..
Add cash receipts from old accounts due prior to receivership.
Cash In bank at date of recelverhslp................................ .......
Total net receipts___________________________________ _____ —
$976,560
$255,114
54,063
— —-----$564,386
$412,173
74,679
1,107
$487,960
L iqu id atin g and Other P a y m en ts by R eceiver.
Liquidation of accounts, principally wages, unpaid at date of
receivership----------------------- ---------,— -------------------- $212,548
May Installment of 1908 taxes properly chargeable to period
Jan. 1 1908 to Aug. 19 1908------------------------ - - - - 24,994
Final payment to Belt R R . & Stock Yard Co., account of
Indianapolis Term inals......... ................ - - - - - - - - ..................
19’ ?^°
Repairing Broulllett Creek bridge, damaged by llood. . . . . . .
25,107
May Installment of 1908 taxes properly chargeable to period from
Aug. 20 1908 to Dec. 31 1908----------------18,769
Interest on receiver’s certlllcates ($12,913) and mlsccl. ($2,648).
15,56i
Total liquidating and other payments by r e c e iv e r ----------$306,978
$180,981
Cash on hand May 31 1909.............. .............. ................ .............
N et In com e by M on th s, A u g . 20 1908 to M a y 31 1909, $412,173.
Aug.l9-Sep.30.08$52,5911Dec., 1908------ $39.528 I March 1909....$47,278
Oct
1908
53,137 Jan., 1909------- 34,503 April, 1909------- 54,206
Nov.’ . 1908 : : : : 4 Z A 63 Feb., 1 9 0 9 _____ 38,180|May, 1909
47.281
, The monthly fixed charges of the railway company, exclusive of interest
on Its general mortgage bonds, aggregate $46,723, as follows:
Int. on 1st M. bonds ($25,123) and receivers certs. ($1,910)..
$27,033
Taxes (estim ated). . . . . . - -------------------------------------- —
6,929
Avc; payments on account of $553,333 car trust 5% notes
($11,913) and of $58,125 locomotive notes ($848)..................
12,761
Except for December 1908 and January and February 1909, the net
earnings shown above were more than sufficient to meet the fixed charges
(exclusive of interest on general mortgage bonds) and the Interest and
principal of the car trust and locomotive notes.
In view of the fact that the road is earning considerably more than the
interest on Its first mortgage bonds, the committee has recommended that
the receiver apply to the Court for authority to pay on Aug. I 1909 one of
the first mortgage Interest coupons in default, the expectation being that
the receiver will be able to pay another interest coupon In February 19io,
thus leaving two Interest coupons In default. In this connection the
committee has taken Into account payments which the receiver will be
required to make on (or before— Ed.) Nov. 1, as follows:
Principal of car trust notes ($136,152) and locomotive notes
VOL. LXXXIX.
c o m m o n s to c k fo r e a c h
1 00 sh ares o f S o u th e rn
P a c i fi c
R R ,
sto c k .
The authorized and outstanding capital stock of the railroad company is
$160,000,000, of which $124,671,801 has been deposited with the Union
Trust Co. of New York, trustee, against the Issue of common capital stock
of the Southern Pacific Co. to the par value of $79,954,494.— V. 89, p. 105.
Southern Pacific RR.— Listed.— T h e N e w Y o r k S t o c k E x
c h a n g e h a s li s t e d $ 7 , 4 9 7 , 0 0 0 a d d i t i o n a l fir s t r e f u n d i n g m o r t
g a g e 4 % b o n d s d u e 1 9 5 3 , m a k i n g t h e t o t a l a m o u n t li s t e d t o
d a te $ 1 0 9 ,3 8 3 ,0 0 0 .
P u rp o ses fo r W hich $7,497,000 B on ds have been Listed .
Against deposit of $5,841,000 bonds of the $6,000,000 outstand
ing Southern Pacific R R . (of Arizona) first mortgage 6 %
bonds, series " A , ” which mature March 1 1909------ ------- — $5,841,000
Against the deposit of $156,000 cash to pay remainder of said
$6,000,000 bonds when presen ted.............. ............................
156,000
For refunding purposes________________________ ------------------- - l.oOO.OOO
E a rn in g s fo r T en M o n th s ending A p r il 30 1909.
D ed uct —
Total oper. revenues____$36,750,759
Other Income___________
1,524,592 T a x e s __________________ $1,330,084
Bond Interest___________
4,894,658
$37,775,351 Rentals and other charges 1,877,554
Operating expenses_____ 21,061,337
Total deductions_____ $8,102,296
Revenues over expenses.$16,714,014 Balance, surplus------------$8,611,718
— V. 8 8 , p. 159.
Street
Southwestern
Ry.,
Philadelphia.— Bondholders’
Protective Committee.—
I n v ie w o f th e f a c t t h a t t h e p r o p e r ty
is t o b e s o l d b y t h e t r u s t e e , J u l y 2 2 1 9 0 9 , I s a a c H . S i l v e r m a n
a n d J . \V . E lla r d , a c tin g a s a p r o te c tiv e c o m m it t e e fo r th e
fir s t m o r t g a g e b o n d s , u r g e s t h e d e p o s i t o f t h o s e b o n d s w i t h
t h e G ir a r d T r u s t C o . , P h i l a d e l p h i a , a s d e p o s i t a r y , o n o r
b e fo r e
J u ly
15.
The committee will have the power to sell the deposited bonds at prices
within Its discretion, and may prepare, adopt and carry out a plan of re
organization eiher before or after foreclosure, using the deposited bonds
for that purpose.— V. 8 8 , p. 102, 1314.
Spuyten Duyvil & Port Morris RR.— Bonds.— T h e P u b li c
S e r v ic e C o m m is s io n , S e c o n d D is t r ic t , o n J u ly 10 a u th o r iz e d
th e N e w Y o r k C e n tra l & H u d s o n R iv e r R R . to e x e c u te
a m o r t g a g e m a d e b y t h e S p u y t e n D u y v i l & P o r t M o r r is
R R . C o . a n d t o i s s u e u p o n t h e s e c u r i t y o f t h i s m o r t g a g e it s
o w n first s e r ie s 3 ^ %
5 0 -y e a r g o ld b o n d s to th e a g g r e g a te
a m o u n t o f $ 2 , 5 0 0 , 0 0 0 , s a i d b o n d s t o b e s o l d a t n o t le s s t h a n
95.
A s im il a r a p p l i c a t i o n is p e n d i n g in t h e fir s t d i s t r i c t .
Of the amount named $2,341,000 is to reimburse the New York Central
for expenditures made for betterments and Improvements, Including the
electrification of the road. The remainder, $159,000, Is to be expended
In beginning work on a new four-track tunnel through Spuyten Duyvil Hill,
to replace the two tracks that are now In the rock cut and to shorten the
line. The tunnel will cost altogether about $500,000.— V. 89, . 105.
Western Maryland RR.— Plan of Reorganization—
$ 1 8 ,
Fixed-Charge Obligations Replaced by Equal Amount
of Stock—Interest Charges Reduced $ 7 3 0 , 0 0 0 . — A l v i n \ Y .
0 0 0 ,0 0 0
K r e c h , C h a i r m a n o f t h e c o m m i t t e e o f h o ld e r s o f t h e “ g e n e r a l
li e n a n d c o n v e r t i b l e ” b o n d s , y e s t e r d a y g a v e o u t t h e f o l l o w i n g :
“ T h e p r in c ip a l o f t h e ‘ g e n e r a l lie n a n d c o n v e r t i b l e ’ b o n d s
h a s b e e n d e c la r e d d u e a n d t h e m o r t g a g e f o r e c lo s u r e p r o c e e d
in g s a r e w e ll a d v a n c e d .
I t is e x p e c t e d t h a t t h e p la n f o r m u
la t e d b y t h e c o m m i t t e e w ill b e in fin a l f o r m w i t h i n t h e n e x t
fe w d a y s .
I n v i e w , h o w e v e r , o f p u b l i s h e d r u m o r s , i t is
c o n s i d e r e d a d v i s a b l e in a d v a n c e o f f o r m a l a n n o u n c e m e n t o f
t h e p l a n t o s t a t e it s m a t e r i a l f e a t u r e s a s a t p r e s e n t f o r m u
la te d .
“ I t is p r o p o s e d t o p e r f e c t t h e r e o r g a n i z a t i o n o f t h e W e s t
e rn M a r y la n d R R . C o . b y th e o r g a n iz a t io n o f a n e w c o m p a n y ,
w h ic h s h a ll t a k e o v e r t h e p r o p e r t y o f t h e o l d c o m p a n y , s u b
j e c t t o it s firs t m o r t g a g e a n d it s u n d e r l y i n g a n d d iv is i o n a l
b on d s.
, . ,
“ T h e n e w c o m p a n y is t o is s u e in a c q u i s i t i o n o f t h e p r o p e r t y
of
th e
o ld
com pany:
Non-cumulativc 4% preferred stock, preferred as to dividends
and In liquidation convertible at the option of the holder In
the common stock at par and redeemable at the option of the
rnmnanv /it n/ir
-------- ----------- ----------------- ------- v 1 U,UUU,UUU
Common stock of aii~ authorized Issue of $60,000.000----------- 23.959,560
“ T h e h o ld e r s o f c e r t if i c a t e s o f d e p o s i t f o r ‘ g e n e r a l lie n a n d
c o n v e r tib le ’ 4 %
b o n d s t o r e c e iv e in e x c h a n g e :
« For nrlnclnal
. . . .............. 100% In new 4% preferred stock.
In t! on receiver’s certs., car trust notes and locomotive notes..
26,746
Taxes (estim ated).....................................................................— ____ 41’ 571
b For unpaid overdue coupons. Including the coupon of Oct. I 1909, with
............................................................................. .....................
To which add the amount required to pay a half-yearly Interest
coupon on first mortgage bonds------------------------------------
“ T h e $ 8 ,2 7 4 ,1 6 0 c a sh r e q u ire d fo r p a y m e n t o f m a tu r e d
o b l i g a t i o n s , i m p r o v e m e n t s a n d b e t t e r m e n t s w ill b e r a is e d
$214,155
iou,740
Total . . ______________________________________________________
$364,895
T o meet these payments the receiver. It Is estimated, will have
$430,981, as follows:
Cash In bank May 31 1909................- - - - .............- - .......
Est. net earns. June 1 to Oct. 31, $50,000 per month— - 2o0,000^ ^
I t has seemed to the committee that, If neecssary, tlrese prlnclpril pay
ments on account of the purchase of equipment should be funded by the
Issuance of a small amount of receiver’s certificates rather than that the
entire earnings of the road should be devoted to payments on capital
The committee has recently gone over the property
condition of the roadbed, bridges and buildings was found to be excellent
and the rolling stock to be In good workable condition.
The committee expects that a reorganization satisfactory to the first
mortgage bondholders will be effected.— V. 8 8 , p. 7 oU. obo.
Southern P a c i f i c Co.— Conversion of Preferred Stock. rl h e
t im e fo r th e c o n v e r s io n o f th e $ 7 4 ,8 6 3 ,4 0 0 7 %
p re fe rre d
s t o c k in t o c o m m o n s t o c k o r n e w 4 /
x z% b o n d s , o r it s s u r r e n d e r
o n p a y m e n t o f $ 1 1 5 c a sh p er s h a r e , u n d e r th e th r e e o p tio n s
g i v e n in t h e c ir c u la r £ o f J u n e 8 ( V . 8 8 , p . 1 5 0 1 ) , e x p i r e d o n
T h u rsd ay.
T h e c o m p a n y a n n o u n c e s t h a t t h e h o ld e r s o f a ll
e x c e p t $ 1 ,0 0 0 ,0 0 0 to $ 2 ,0 0 0 ,0 0 0 p r e fe rre d s to c k h a v e b e e n
h e a r d f r o m , p r a c t i c a l l y a ll o f w h o m h a v e e x e r c i s e d t h e
o p tio n
of
e x c h a n g e in to c o m m o n s t o c k .
T h e N e w Y o r k S t o c k E x c h a n g e h a s li s t e d $ 6 4 9 ,
9 0 0 a d d i t i o n a l c o m m o n s t o c k is s u e d in e x c h a n g e f o r a fu r t h e r
$ 1 , 0 5 2 , 8 5 8 s t o c k o f t h e S o u t h e r n P a c i fi c R R . ( c o n s o l i d a t i o n
o f 1 9 0 2 ) o n t h e b a s is o f 6 6 s h a r e s o f S o u t h e r n P a c i fi c C o .
Listed.—
Interest thereon............- .......................... .8 .3 6% In new common stock.
b y s a le o f $ 2 0 , 6 8 5 , 4 0 0
o f th e
com m on
sto c k
to a b a n k e r s’
s y n d i c a t e , w h o w ill o ffe r t h e s a m e a s f o l l o w s :
L ien and
a T o H olders o f Certificates o f D ep osit fo r $10,000,000 ‘ General
(
'
Con vertible” B on ds.
50% of their holdings, 1 . c., $5 ,0 0 0 , 0 0 0 now stock for subscription at
40% o t Its par value, or $2 ,0 0 0 ,0 0 0 .
b To the H olders of $15,685,400 C om m on Stock.
In exchanges for their old stock and on payment or 40 % of the par value
thereof in cash 100% of their holdings, 1. e., $lo,68o,400 new common
stock for $6,274,160.
#
“ The
r e m a in
f o llo w i n g
s e c u r i t ie s ,
a g g r e g a tin g
$ 5 0 ,9 5 1 ,9 5 0 ,
w ill
u n d istu rb e d :
West Md. 1st M. 4s ..$42,518,0001 Leased line bonds--------- $1,659,300
Divisional bonds
"
6,200,0001Leased line guar, stock.. .
574,650
si'o tc __The divisional "bonds Include: West Virginia Central & Pittsburgh
first mortgage 6 s, $3,250,000; Piedmont & Cumberland first mortgage 5s,
$650,000; Coal & Iron R y. first mortgage 5s, $1,000,000; Potomac Valley
first ’ mortgage 5s, $1,300,000.— Ed.
M r. K re c h fu r th e r sa y s :
Since the Issue of $10,000,000 convertible bonds In 1902 under tlio plan
for union ot Western Maryland and West Virginia Central there has been
created for acquisition ot new property and for betterments and Improvemerits temporary obligations amounting to $7,088,143. Dining this
period there has been expended from Income for new property and better
ments $1,798,428. There will In reorganization be expended for new prop
erty and for betterments and Improvements an amount probably consider
ably In excess of $600,000, making a total sum expended In new property
or In betterments and improvements ot $9,486,571. lid s amount Is prac
tically 40% of the $23,959,560 ot the now stock proposed to bo Issued
under reorganization and the Increase of common capital stock from
$15,685,400 to $23,959,560 Is exactly equal at par to the $8,274,160 cash
provided In reorganization.
July 17 1909.)
THE CHRONICLE
165
Under the plan of reorganization all obligations Issued for the property,
betterments and Improvements above referred to. with the possible excep
tion of 5510,000 car trust certificates, w ill be provided for.
The 510,000,000 of preferred stock which In reorganization replaces the
issue of convertible bonds will thus take the original rank of these bonds as
junior only to the lirst and underlying mortgages.
The property supporting the new preferred stock will be nearly 59,500,000
greater than that supporting the original issue of convertible bonds and the
latter sum thus will have been added to the equity represented by the old
common stock, the old common stock-holders thus paying for the new stock
an amount equal only to his Increased equity.— V. 89, p. 105.
ings to $60,000 yearly, or Z lA times the Interest charge. It Is estimated
that the present Installation will ultimately earn $150,000 gross per year.
These bonds are an absolute lirst mortgage upon all property now owned
or hereafter acquired. The remainder of the Issue cannot be certified ex
cept for future extensions and Improvements at not exceeding 85% of the
cost of construction, upon certltlcates that the work has actually been
completed. Annual sinking fund (retirement of bonds beginning In
1914), 525,000.
The corporation Is organized under the laws o f Colorado, and all Its of
ficers and stockholders are connected with the Telluride Institute, the en
gineering and operating head of the Telluride Power Co. (V . 87, p. 1608),
which represents an investment of nearly 520,000,000. The directors are:
W i l m i n g t o n ( D e l . ) G a s & E l e c t r i c C o . — Purchase Com
L. L. Nunn (President), Eldon P. Bacon, I.ogan, Utah; Lucius B. Fuller,
pleted.— C. I I . Geist of Philadelphia, it is announced, has VV. L. IHersach, Arthur S. Smith, W . C. Cates and Stephen A. Bailey.
The company Is the owner of primary titles to the total storage and natural
completed his purchase of this property for $2,500,000. flowage
rights of the Beaver River, amounting to 4 0 cubic feet per second
over all seasons, and It has completed a high-head (1,050 feet) hydro-elec
C o m p a r e V . 89, p . 49.
tric plant of about 2,700 normal h. p.: $423,121 cash had been expended
W i n c h e s t e r & W a s h i n g t o n C i t y R y . — New President,&c. —
upon this industry before any of these bonds were Issued. Including this
amount. It will cost not to exceed $480,000 to complete the present Installa
A p re ss d e s p a tc h fr o m W in c h e s te r , V a ., o n J u ly 6 sa id :
tion. Beaver River has Its origin In Puffer Lake, which Is one of the reser
This company, which furnishes electricity for Winchester, Charlestown, voirs of this proposition, and the land surrounding Is owned in fee simple
Berryville and other towns In Virginia and West Virginia, held Its third by the company. The precipitation is over 50 inches yearly, and the Tushar
annual meeting here to-day and elected Lewis F. Cooper of Winchester,
Mountains arc snow-clad the year round, so that there Is a continual waterPresident to succeed the late Scott H. Hansbrough; Charles Mulllkin of supply assured.
B oyce Vice-President: Shirley Carter, Secretary-Treasurer and the following
The company owns a blanket franchise for electric power and telephone
directors: Lewis F. Cooper, C. Mulllkin, E. V. Weems, W . H. Baker, purposes In Beaver County, Utah, which has no burdensome restrictions;
A. Moore, Harry Warden, S. L. Hoover, K. H. Chew and R. Cray Williams. also a favorable franchise from the City of Milford, with strong protection
A dividend of 3% was declared. [The company, whose capital stock Is against municipal competition. In addition to the rapidly increasing mar
said to be 5300,000, bond Issue 5135,000, purchased the Winchester Gas ket for mining. Industrial and municipal purposes, considerable power will
& electric Light Co.— Ed.] Compare V. 83, p. 627.
be required for agricultural and Irrigation purposes. Schedule of rates for
power: 5 to 24 h. p.. Inclusive, 510 per h. p. per month; 25 h. p. and over,
W i n s t o n - S a l e m S o u t h b o u n d R R . — Construction.— The At
$ 8 per h. p. per month, with 2% to 20% discount pro rata In units from 50
lantic Coast Line and the Norfolk & Western have arranged h. p. to 500 h. p.. and special reductions for more than 500 h. p.
to build this line, which has been projected for several years,
Borden’s Condensed Milk Co., New York.— $ 5 , 0 0 0 , 0 0 0
extending from Winston-Salem, N. C., on the Norfolk & New Common Stock— Present Issue to be $ 3 , 7 5 0 , 0 0 0 . — T h e
Western, to Wadesboro, on the Atlantic Coast Line, 87 miles, s t o c k h o l d e r s w ill v o t e J u l y 3 0 o n a m e n d i n g t h e c e r t i f i c a t e o f
thus connecting the two systems. H. E. Fries is President; i n c o r p o r a t i o n t o p r o v i d e f o r a n in c r e a s e o f t h e a u t h o r i z e d
W. T. Brown, Vice-President, and W. F. Shaffner, Secretary c a p it a l s t o c k f r o m $ 2 5 , 0 0 0 , 0 0 0 t o $ 3 0 , 0 0 0 , 0 0 0 , o f w h ic h
and Treasurer.
a m o u n t S 7 , 5 0 0 , 0 0 0 s h a ll b e p r e f e r r e d s t o c k , a s a t p r e s e n t ,
Y e l l o w s t o n e P a r k R R . — Receivership.— L a t e r a d v i c e s s t a t e
t h a t t h e r e c e iv e r s r e f e r r e d t o l a s t w e e k ( V . 8 9 , p . 10/5) w e r e
a p p o i n t e d in a s u i t b r o u g h t b y P r e s i d e n t F . A . H a l l t o
r e c o v e r $ 3 0 ,0 0 0 c la im e d to b e d u e fo r s e r v ic e s a n d m o n e y
a d v a n c e d to th e c o m p a n y .
In the bill of complaint Mr. Hall alleges that there Is a conspiracy to
defraud him of his Interest In the company. The appointment of two
receivers was In the nature of a compromise, one being given to each
faction interested.— V. 89, p. 105.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Beet Sugar Co.— New Director.— S . L . S c h o o n m ak er of N ew
L.
K .
Y ork
h a s b e e n e le c t e d a d i r e c t o r t o s u c c e e d
W i l m e r d i n g .— V . 8 8 , p .
1439.
American Light & Traction Co., New York.— Extra Divi
dends.—
T h e d ir e c t o r s o n J u l y 1 4 d e c la r e d ( 1 ) a 1 0 % s t o c k
d iv id e n d , p a y a b le o n th e c o m m o n sh a re s o n o r b e fo r e S e p t .
3 0 t o h o ld e r s o f r e c o r d J u l y 2 0 , w h o w ill t h u s r e c e iv e o n e
s h a r e o f n e w c o m m o n s to c k on e v e r y te n sh a r e s o f c o m m o n
h e ld b y t h e m , r e s p e c t i v e l y , a n d ( 2 ) a n e x t r a c a s h d i v i d e n d
o f 1 % o n t h e c o m m o n s t o c k , p a y a b l e o n A u g . 2 a l o n g w it h
t h e u s u a l q u a r t e r l y d i v i d e n d o f 2 % t o h o ld e r s o f r e c o r d J u ly
20.
T h e u su a l 1 j ^ %
( q u a r t e r l y ) w a s a l s o d e c la r e d o n t h e
p r e f e r r e d s t o c k . — V- . 8 8 , p . 1 6 2 2 , 1 5 6 2 .
American Telephone & Telegraph Co.— Official Statement
as to Capitalization., &c—
See
“ Annual
R e p o rts”
on
a
p r e c e d in g p a g e .
Earnings.—
F o r t h e firs t s i x m o n t h s o f 1 9 0 9 a n d
" S ix M on th s ending J u n e SO—■
1909.
Income from dividends_________ ________ ________ 57,123,916
Interest and other rev. from associated cos______
5,154,524
Telephone traffic (n et)_______ ____________________ 2,089,129
Real estate___________ . ________ ___________________
49,492
Other sources_______ __________________ __________
795,771
1908:
1908.
56,343,344
4,951,789
1,815,865
55,735
341,669
a n d $ 2 2 , 5 0 0 , 0 0 0 s h a ll b e c o m m o n s t o c k .
O f th e $ 5 ,0 0 0 ,0 0 0
n e w c o m m o n s t o c k , $ 1 , 2 5 0 , 0 0 0 is t o b e r e s e r v e d f o r f u t u r e
is s u e a t t h e d i s c r e t i o n o f t h e b o a r d a t n o t le s s t h a n p a r .
The
r e m a i n i n g $ 3 , 7 5 0 , 0 0 0 w ill b e o f f e r e d a t p a r t o a ll s t o c k h o l d e r s ,
b o t h c o m m o n a n d p r e f e r r e d , o f r e c o r d A u g . 5 1 9 0 9 in a m o u n t s
e q u a l to 1 5 % o f th e ir r e s p e c tiv e h o ld in g s .
S u b s c r ip t io n s
w ill b e r e c e iv e d o n t h e c o m p a n y ’s w a r r a n t s ( t o b e is s u e d
a fte r th e m e e tin g J u ly 3 0 ) , u n t il S e p t . 1 a n d m u s t a lso b e
p a i d in f u ll o n o r b e f o r e t h a t d a y .
P r e s i d e n t W . J . R o g e r s in a c ir c u la r d a t e d J u ly 1 3 s a y s :
W ithin the past few years the company has expended from its earnings
upwards of 55,000,000 in cash for new plants and permanent betterments
and improvements. While the fixed assets of the company have accord
ingly been substantially Increased, Its actual money resources have de
creased correspondingly. The result Is that, as compared with the large
volume of Its business and turnover, the company Is not adequately sup
plied with actual cash capital, and is compelled to rely for its requisitions
and current cash necessities on the proceeds of its sales. The company
has a very large excess of quick assets over its total liabilities, and, in view
of Its large resources and unlimited credit, could follow the example of other
companies and secure the necessary cash working capital by borrowing.
The policy of the company during Its long and prosperous career has, how
ever, been against borrowing. In addition to this, any amount borrowed
would be a ctiarge ahead of the stock. It has therefore seemed to be more
desirable and more In the Interest of both classes of stock, to secure the
necessary funds by sale of common stock.
After considerable consideration, the board of directors are satisfied that
53,750,000 In cash would be ample. That amount would pay all Indebted
ness of every kind, and, with the cash now on hand, would leave the ample
cash working capital of over $2,500,000. Responsible parties have agreed
to underwrite the entire amount of new stock, 53,750,000, without any com
mission or expense to the company.— V. 85, p. 1464.
Buffalo (N. Y.) General Electric Co.— Bonds.— T h e P u b l i c
S e r v ic e C o m m is s io n , S e c o n d
D is tr ic t, h a s a u th o r iz e d th e
c o m p a n y t o is s u e $ 2 4 2 , 0 0 0 fir s t r e f u n d i n g 5 % g o l d b o n d s
fo r e x te n s io n a n d im p r o v e m e n t s .
A t last accounts there were outstanding 52,375,000 first mortgage 5s of
an Issue of $2,400,000, due Feb. 1 1939; also $3,420,000 capital stock In
$100 shares on which dividends of 6 % per an. were being paid.— V.81, p. 1438
Burroughs Adding Machine Co., Detroit.— N ew S tock , & c.
Total income................... ................................... $15,212,832 513,608,392
Expenses .............. - ................................................
1,226,953
1,073,770
— T h e c o m p a n y , w h ic h h a s m o v e d in t o n e w a n d m o r e c o m
m o d io u s q u a r te r s , r e c e n tly in c r e a se d its c a p it a l s t o c k fr o m
N et earnings.-.......................................................$13,985,879 $12,534,622
Deduct Interest---------------3,892,623
3,871,676
Dividends for 6 months, 4 % . . . ..............................
7,631,292 ,6,120,092
$ 5 ,3 5 0 ,0 0 0 to $ 5 ,5 5 0 ,0 0 0 .— V . 8 1 , p . 5 6 0 .
Balance, surplus....... ........................................... $2,461,964 $2,542,854
learnings of A ssociates O perating C om pa n ies fo r F ive M on th s ending M an 31.
One
M on th —•
Gross
Fram ings.
1909 _____ $11,114,785
1908 _____ 10,311,917
O perating
E x p en ses.
N et
E arn ings.
Interest
P a id .
Balan ce,
S u rp lu s.
58,1 18,675 $2,996,110
7,418,419 2,893,498
$539,180 $2,456,930
639,500
2,254,398
1909
554,375,485 $39,791,875 $14,683,610
1908_______ 50,872,317 36,788,419 14,083,098
$2,941,380 $11,742,230
3,255,900 10.827,998
F iv e M on th s —
i.
W i t h r e f e r e n c e t o t h e f o r e g o i n g fig u r e s , t h e
co m p a n y say s:
These figures for 1908 Include a proportionate part of the extraordinary
provision for depreciation for the year made In Deo. 1908
Equivalent or
greater provision Is being made for each month of 1909.
Offer to Exchange Stock of Neiv York cfc New Jersey Tele
phone Co. ( Controlled Co.).— S e e t h a t c o m p a n y b e l o w .— V . 8 8 ,
p.
1554,
1562.
B a r n e y & S m i t h C a r C o . , D a y t o n , O . — New Vice-Presi
dent.— H u g h M . W i l s o n , f o r m e r l y e d i t o r a n d p u b l i s h e r o f t h e
“ R a i l w a y A g e , ” h a s b e e n e le c t e d V i c e - P r e s i d e n t a n d a l s o a
d i r e c t o r .— V . 8 8 , p . 1 6 2 3 .
Butte Electric & Power Co.— N ew D ir e c to r . — J . D . R y a n
h a s b e e n e le c t e d a d i r e c t o r t o fill a v a c a n c y . — V . 8 8 , p . 1 6 2 3 .
Chattanooga (Tenn.) Gas Co.— D iv id e n d . — T h i s c o m p a n y
p a i d o n J u ly 1 a 1 J ^ % d i v i d e n d o n i t s 6 % p r e f e r r e d s t o c k ;
a u t h o r i z e d is s u e , $ 5 0 0 , 0 0 0 ;
o u t s t a n d i n g a t l a s t a c c o u n t s,
$ 4 0 0 ,0 0 0 .
C h ild , H u ls w it & C o ., G r a n d R a p id s , a r e la r g e ly
in te r e s te d .
C om p are V . 8 4 , p . 8 0 5 , 8 6 9 ; V . 8 7 , p . 3 4 9 .
Chester County (Pa.) Electric Co.— N eed o f R e o r g a n iz a tio n .
— A c ir c u l a r s e n t o u t b y M a n a g e r R . B . R h o d e r s , i t i s s t a t e d ,
u r g e s r e o r g a n i z a t i o n in o r d e r t o p u t t h e c o m p a n y o n i t s f e e t .
A n e x c h a n g e "s a y s :
The circular says that at a foreclosure sale the property would not bring
$50,000, although It nould take that much to replace It. There arc out
standing $190,000 In first mortgage bonds, of which 5165,000 have been
sold and 524.000 are In the treasury; 527,000 In unpaid notes and $4,000
In other bills, and capital stock 5300,000. The circular also refers to court
Investigations which have been begun to look Into the manner In which
the company was financed.
Claflin (H. B.) Co.— S tatem en t fo r H a l f- Y e a r . — T h e e a r n
in g s f o r t h e s i x m o n t h s e n d i n g J u n e 3 0 1 9 0 9 c o m p a r e :
6 M on th s to
N et
D iv s. on
D iv s . on B a la n ce, S u r.
Total
J u n e 30—
E a rn s.
P f . S to c k . C om . (4 % ). or D e fic it.
S u rp lu s.
B e a v e r R i v e r P o w e r C o . , B e a v e r C o u n t y , U t a h . —Bonds
T h e A m e r i c a n T r u s t & S a v i n g s B a n k o f C h ic a g o
a n d C u tte r,
W a lle r &
M a y , th e R o o k e r y , C h ic a g o , a rc
o f f e r i n g , a t p a r a n d i n t e r e s t , 8 4 0 0 , 0 0 0 fir s t m o r t g a g e 6 % g o ld
b o n d s d a t e d J u ly 1 1 9 0 8 a n d d u e s e r i a lly o n J u l y 1 f r o m 1 9 1 4
t o 1 9 2 8 , $ 2 5 , 0 0 0 y e a r l y 1 9 1 4 t o 1 9 2 7 a n d $ 5 0 , 0 0 0 in 1 9 2 8 ,
b u t s u b j e c t t o c a ll , a n y o r a l l , o n J u ly 1 1 9 1 4 , o r o n a n y i n t e r e s t
d a te t h e r e a fte r , a t 1 0 5 a n d in te r e s t, u p o n 3 0 d a y s ’ p u b lis h e d
n o tic e .
P a r $ 1 ,0 0 0 ( c * ) .
P r i n c ip a l a n d i n t e r e s t ( J . & J .)
p a y a b le a t A m e r ic a n T r u s t & S a v in g s B a n k , t r u s t e e , C h ic a g o .
A c ir c u la r s a y s :
S e e C a r o li n a C lin c h f ie ld
a b o v e .— V . 8 3 , p . 1 5 7 .
Capital stock (authorized, $800,000) Issued_______________________$400,000
Bonds (authorized, $800,000) Issu ed ..__ _________________________ 400,000
This company has been In operation but a little over a year. For the
year ending May 31 1909 Its gross earnings weie $55,343; operating expenses,
58,499; net earnings, $16,844. The revenue from additional contracts
recently made will within a comparatively short time Increase the net earn
Connecticut River Power Co.— N ew E n te r p r is e .— T h i s
c o m p a n y , in c o r p o r a te d u n d e r th e la w s o f M a in e , its c a p ita l
s t o c k b e i n g g i v e n a s $ 2 , 7 0 0 , 0 0 0 , is a h o l d i n g c o m p a n y o w n i n g
th e e n tire s h a r e c a p it a l o f th e C o n n e c tic u t R iv e r P o w e r C o .
Offered.—
$142,125 $153,164 def.
$3,456
1909 .................. $291,833
1908 ______ loss.
7,437
142,125
153,164 def. 302,726
1907
454,275142,125 153,164 sur. 158,986
1906 . . _______ 352,258
142,125
153,164 sur.
56,969
1905
317,934
142,125
153,164 sur.
22,645
of
V.
$1,781,999
1,770,058
1,863,075
1,590,260
1,325,087
P r e s i d e n t J o h n C la flin s t a t e s t h a t “ a f t e r t h e a d j o u r n m e n t
C o n g r e s s w e e x p e c t a n i m p r o v e m e n t in b u s i n e s s .” —
88,
p.
155,
161.
Clinchfield Coal Corporation.— D e s c r ip tio n o f P r o p e r t ie s .—
&
O h io
R y.
under
“ R a ilr o a d s ”
THE CHRONICLE
166
o f N e w H a m p s h ir e a n d th e C o n n e c tic u t R iv e r T r a n s m is s io n
C o . o f M a s s a c h u s e t t s , w h i c h , fin a n c e d b y B a k e r , A y l i n g &
C o . o f B o s t o n , a re n o w c o m p le tin g a n e x te n s iv e h y d r o
e le c t r i c p l a n t o n t h e C o n n e c t i c u t R i v e r n e a r V e r n o n , V t . ,
and
tr a n s m is s io n
lin e s
th e re fro m
to
B r a ttle b o r o ,
V t .;
K e e n e , H in s d a le a n d W in c h e s te r , N . I I .; A th o l, G a rd n e r,
L e o m in s te r ,
F itc h b u r g ,
C lin to n ,
S h ir le y ,
M a r lb o r o
and
W o rce ste r, M ass.
T h e p l a n t , w h ic h w ill g e n e r a t e f o r c o m m e r c i a l p u r p o s e s
s o m e 2 0 , 0 0 0 p r i m a r y a n d 9 , 0 0 0 s e c o n d a r y h o r s e -p o w e r , w a s
d e s c r i b e d in t h e “ E n g i n e e r i n g R e c o r d " o f N e w Y o r k f o r
M arch 27 1 9 0 9 .
T h e b o n d s o f th e o p e r a tin g c o m p a n ie s h a v e m o s t ly b e e n
so ld .
T h e y c o n s i s t o f a § 1 , 0 0 0 , 0 0 0 is s u e o f t h e T r a n s m i s s i o n
C o m p a n y a n d a $ 2 , 0 0 0 , 0 0 0 is s u e o f t h e C o n n e c t i c u t R i v e r
P o w e r C o . o f N e w H a m p s h ir e .
T h e la tte r a r e se c u re d b y
m o r t g a g e m a d e to th e O ld C o lo n y T r u s t C o . o f B o s t o n , a s
t r u s t e e , a n d a r e 5 % 3 0 - y e a r s i n k i n g f u n d b o n d s o f .$ 1 ,0 0 0
e a c h ( c * ) , d a te d J u n e 1 1 9 0 7 a n d d u e J u n e 1 1 9 3 7 , b u t s u b je c t
t o c a ll b y l o t , a n y o r a l l , o n J u n e 1 1 9 1 2 o r a n y in t e r e s t d a t e
t h e r e a f t e r a t 1 0 7 '.
I n t e r e s t p a y a b l e J . Sc D .
W e h a v e r e c e iv e d t h e f o l l o w i n g , a l r e a d y p u b li s h e d in
B o sto n :
la The chjef°citIIes5and towns on this new electrical power route are Athol,
Gardner
Fitchburg, Leominster, Clinton, Marlboro and Worcester.
K'cpnc N H and Brattleboro. Vt.. have also contracted for power at the
dam ' Lancaster Mills of Clinton has engaged 1,000 volts, while Parkhill
Mills’ of Fitchburg will use 3,000, American Steel & Wire Co.’s Worcester
plant 0 000 and agreements have been effected to supply the Marlboro,
Gardner and Brattleboro electric light companies with their electricity.
Among the directors of the Connecticut River Power Co. of Maine are
George B Adams. Vice-President of the Greylock National Bank of Adams;
G B Baker of Baker, Ayling & Co.; Clarke C. Fitts of Brattleboro, ex
Attorney-General of Vermont: Arthur H. Lowe of Fitchburg, President of
♦he Lancaster and Treasurer of the Parkhill Mills: John S. Phipps. New York
capitalist- J N. Thompson of Wllkesbarre, Pa., Treasurer of Wyoming
Valley Trust Co., and Jeremiah Smith Jr. and Philip Young of Boston.
are
Manager.
,
.
C u d a h y P a c k i n g C o .— On Boston Unlisted.— L e e , H i g g i n s o n & C o . ’ s i n t e r i m r e c e ip t s f o r $ 4 , 0 0 0 , 0 0 0 fir s t m o r t g a g e
5%
1 5 - y e a r g o ld b o n d s h a v e b e e n p l a c e d o n t h e u n l is t e d
sh e e t o f th e B o s to n S to c k E x c h a n g e .
.
Balance Sheet— S e e “ A n n u a l R e p o r t s . " — V . 8 8 , p . 1 2 5 6 .
C u m b e r l a n d C o r p o r a t i o n .—
C a r o li n a C lin c h f ie ld
&
O h io
Coal Properties Described.—
I t y . u n d e r “ R a ilr o a d s ”
See
above.
— V . 88, p. 944.
E l e c t r i c C o . , L o s A n g e l e s .-Re-incorporated under
T h i s c o m p a n y , o r i g i n a l l y i n c o r p o r a t e d in C a li
f o r n i a in 1 8 9 6 , a n d in 1 9 0 2 r e i - n c o r p o r a t c d in W y o m i n g , h a s
n o w , it is a n n o u n c e d , b e e n r e - i n c o r p o r a t e d u n d e r t h e la w s o f
C a l i f o r n i a a s t h e S o u t h e r n C a lif o r n ia E d i s o n C o . , w i t h $ 3 0 ,
0 0 0 ,0 0 0 o f c a p it a l s t o c k .
C om pare V . 8 2 , p . 93 2 ; V . 8 5 ,
E d iso n
New Name.—
p . 1 0 8 4 ; a lso V . S 8 , p . 1 3 1 5 .
E l e c t r i c B o n d & S h a r e C o . , N e w Y o r k . — First Dividend on
A d i v i d e n d o f 2% o n t h e 8 2 , 0 0 0 , 0 0 0 c o m
m o n s t o c k w a s p a i d J u ly 1 5 t o h o ld e r s o f r e c o r d J u l y 1 4 .
Common Stock.—
— V. 86, p. 483.
G r e e n w i c h ( C o n n .) W a t e r C o . — New Stock.— T h e s h a r e
h o l d e r s , it is s t a t e d , h a v e v o t e d t o in c r e a s e t h e c a p it a l s t o c k
fr o m $ 5 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 , $ 2 5 0 ,0 0 0 o f th e n e w sto c k to
b e is s u e d a t p r e s e n t in o r d e r t o d o u b l e t h e s t o r a g e c a p a c i t y
o f th e r e s e r v o ir s .
T h e re are sa id to b e o u ts ta n d in g $ 1 7 1 ,0 0 0
5%
b o n d s d u e 1 9 2 1 .— V . 7 2 , p . 1 1 3 9 , 9 0 .
I llin o is
w ill b e $ 1 2 , 0 0 0 , 0 0 0 , t h e b a l a n c e b e i n g r e s e r v e d , u n d e r c a r e
fu l r e s tr ic tio n s , fo r im p r o v e m e n t s to th e p r o p e r ty .
A s in k
in g f u n d w ill b e p r o v i d e d w h i c h w ill r e t i r e o n e - h a l f t h e is s u e
by
m a tu r ity .
I t is s t a t e d t h a t a s a r e s u l t o f t h i s is s u e , t h e a v e r a g e in t e r e s t
p a y m e n t s o f t h e c o m p a n y in r e c e n t y e a r s w ill n o t b e in c r e a s e d
m o r e t h a n $ 5 0 , 0 0 0 p e r a n n u m a n d t h e c o m p a n y w ill b e in a
p o s i t i o n t o e n la r g e t h e c a p a c i t y o f it s p l a n t s t o m e e t t h e
s t e a d i l y in c r e a s i n g b u s in e s s w h ic h i t a n t i c i p a t e s a s t h e
r e s u lt o f th e r a p id ly im p r o v in g in d u s tr ia l o u t lo o k .
Com
p are re p o rt, V . 8 9 , p .
M a lle a b le
Iro n
C o .,
C h ic a g o
—New Stock.— T h i s
c o m p a n y file d a t S p r i n g f i e l d , 111., o n J u n e 8 a c e r t if i c a t e o f
in c r e a s e o f s t o c k f r o m $ 4 5 7 , 9 0 0 t o $ 1 , 5 0 0 , 0 0 0
b y th e c o n
v e r sio n o f a c c u m u la t e d s u r p lu s in to c a p it a l s t o c k .
The
“ Ir o n A g e ” o f J u n e 17 s a id :
The plant has steadily grown until the old site has been fully occupied
with buildings, and the llrst unit of what will eventually be a duplicate plant
was recently completed on a new site of live acres adjoining the old plant
on the west side. The purpose Is to add new buildings from time to time
as circumstances require. A new electric plant for light and power service
Is now being Installed.
In te r n a tio n a l S te a m
Pum p
C o ., N e w
Y o r k . — Sale of
Bonds.— T h e c o m p a n y h a s s o l d t o W i l l i a m S a l o m o n Sc C o .
a b o u t $ 8 , 0 0 0 , 0 0 0 firs t lie n 2 0 - y e a r 5 %
s i n k i n g f u n d g o ld
b on d s.
T h e p r o c e e d s o f t h e is s u e w ill b e u s e d f o r i m p r o v e
m e n ts to th e p r o p e r ty , fo r r e tir e m e n t o f n o te s p a y a b le ,
w h ic h n o w a m o u n t to a b o u t $ 1 ,5 0 0 ,0 0 0 , a n d fo r r e fu n d in g
th e e x is tin g d e b t o f th e c o m p a n y .
T h e a u t h o r i z e d is s u e
100, 106.
Irondale Steel Co., Seattle and Irondale, Wash.— Sale of
Stock.—
A b lo c k o f 2 ,5 0 0 sh a r e s o f p r e fe r r e d s to c k w a s re
c e n t ly o ffe r e d fo r sa le a t p a r , th r o u g h th e F ir s t N a tio n a l
B a n k , th e D e x t e r & H o r t o n N a t io n a l B a n k a n d th e M o o r e
In v e s tm e n t C o . o f S e a ttle .
Koehler (H.) & Co.— New Mortgage.— T h i s b r e w in g c o m
p a n y , i n c o r p o r a t e d u n d e r t h e la w s o f N e w Y o r k S t a t e , it s
c a p ita l s to c k a t la s t a c c o u n t s b e in g $ 2 0 0 ,0 0 0 , h a s m o r t
g a g e d it s p r o p e r t y o n F i r s t A v e . a n d 3 0 t h S t . , N e w Y o r k ,
t o t h e E m p i r e T r u s t C o . , a s t r u s t e e , t o s e c u r e a n is s u e o f
$ 7 0 0 , 0 0 0 5% g o l d b o n d s , d u e J u l y 1 1 9 2 9 .
T h e r e is a p r i o r
m o r tg a g e fo r
The Massachusetts Gas & Electric Eight Commission has just handed
down a decision sustaining the right of the Connecticut River Transmission
Co. to operate In Fitchburg. This decision marks the establishment of
complete municipal licenses for operation in all cities and towns along its
transmission line. Construction work has covered about two years. The
enterprise is one of the most notable hydro-electric projects in the East
and will generate for commercial purposes some 2 0 , 0 0 0 primary and
0,000 secondary horse-power. The Unarming has been done entirely by
Baker, Ayling & Co. of this city among Boston and other Eastern Investors.
To comply with the laws governing public service corporations, there
are two subsidiary companies, through which the bond Issues have been
made. The Massachusetts Company has S i,000,000 bonds, while the
Connecticut River Rower Co. of New Hampshire has 52,000,000 bonds.
Nearly all these bonds have been sold, while all the stock of the two com
panies, nominal in amount, is held by the Connecticut River Rower Co. of
Maine. The Maine company Is capitalized at 27,000 shares of $100 par.
The six great transmission cables are supported by massive steel towers
and traverse private rights of way for more than 70 miles.
The charter rights give broad powers to create, transmit and sell elec
tricity for direct power and to deliver It to lighting companies for illumi
nating. Contracts already closed assure $250,000 to $300,000 business
the first year or about half the eventual capacity. Construction of the
reservoir between Vernon, V t., and Hinsdale. N. H. (about 0 miles above
the Massachusetts State line), Involved raising the Vermont Central tracks
and Hooding an immense natural basin of farm lands. A storage capacity
of 2 0 0 030 0 0 0 cubic feet has been obtained: the water backs 2 0 miles.
The big 900-foot dam and power-house across the Connecticut anti the dis
tributing lines and stations Involving about $3,000,000 expenditure, can
develop and carry 06,000 volts, or approximately 70,000,000 kilowatt
hours per annum. Practically all construction work Is completed. Current
is running to Clinton and a regular supply is expected to be delivered by the
[VOL. LXXXIX.
$ 2 0 0 ,0 0 0 .
La Porte (Ind.) Gas Light Co.— Dividend.— -T h is
in w h ic h C h i l d ,
in te r e ste d , p a id
s to c k .
H u ls w it
o n J u ly
com pany,
& C o . , G r a n d R a p i d s , M i c h ., a r e
1 a 1 % d i v i d e n d o n it s $ 2 0 0 , 0 0 0
C om pare V . 8 2 , p . 3 3 7 ;
V . 83, p. 440.
(J. J.) McCaskill Co., Freeport, Fla.— B on d s O ffe r e d .—
C u t t e r , W a l l e r Sc M a y , t h e R o o k e r y , C h i c a g o , h a v e p u r
c h a s e d a n d a r e o f f e r i n g , a t p a r a n d i n t e r e s t , $ 2 5 0 , 0 0 0 first
m o r tg a g e 6 % g o ld b o n d s d a te d J u ly 1 1 9 0 9 , $ 1 2 ,5 0 0 d u e
e v e r y s ix m o n t h s b e g in n in g J a n .
1 1 9 1 0 , c o v e r in g th e
s t a n d i n g t i m b e r , m i l l s , r a ilr o a d a n d o t h e r a p p u r t e n a n c e s .
T h e s t u m p a g e a l o n e , it is s t a t e d , is v a l u e d a t f o u r t i m e s
th e b o n d issu e .
T h is tim b e r w a s c ru ise d b y J a m e s D .
L acey
Sc
C o . o f C h ic a g o .
C o a l & Coke Co.— Action
P r e s id e n t T h e is s s a y s : “ A s t h e fu ll
d i v i d e n d f o r t h e fir s t s i x m o n t h s o f t h e y e a r e n d e d A p r i l 3 0
1 9 0 9 w a s n o t e a r n e d , a n d fo llo w in g t h e u s u a l c u s t o m , th e
d i r e c t o r s d e f e r r e d a c t i o n o n t h e d i v i d e n d u n t i l t h e c lo s e o f
t h e fis c a l y e a r .
T h e fis c a l y e a r e n d s O c t . 3 1 , a n d w h a t e v e r
s u m is e a r n e d a p p l i c a b l e t o d i v i d e n d s o n t h e ( $ 1 0 , 0 0 0 , 0 0 0 )
p r e f e r r e d s t o c k w ill p r o b a b l y b e d e c la r e d in t h e l a s t w e e k in
Monongahela River Consolidated
on Dividend Deferred.—
D e c e m b e r o r t h e fir s t w e e k in J a n u a r y . "
In January last thelpreferred received 1 A % ; in 1908, 7 % (3 'A % semi
annually). The Pittsburgh Coal Co. owns $2,500,000 of the preferred in
addition to $15,000,000 of the $20,000,000 common stock.— V. 8 8 , p. 1441.
National Light, Heat & Power Co., New York.— Sale of
Bonds.—
A . I I . B i c k m o r c Sc C o . , 3 0 P in e S t . , N e w Y o r k C i t y ,
a n n o u n c e t h e s a le o f t h e e n t i r e is s u e o f $ 5 0 0 , 0 0 0 s e r ie s B 5 %
1 0 - y e a r c o lla t e r a l t r u s t b o n d s d a t e d J u l y 1 1 9 0 9 a n d d u e
J u l y 1 1 9 1 9 , b u t r e d e e m a b le b y l o t o n a n y p r e v i o u s i n t e r e s t
d a te a t 102.
P a r $ 1 ,0 0 0 a n d $ 5 0 0 ( c * ) .
T r u s t e e , G ir a r d
T r u s t C o ., P h i l a d e l p h i a .
In tere st J. & J.
F u r th e r p a r tic u
la r s l a t e r . — V . 8 9 , p . 4 8 .
National Silk Dyeing Co., Paterson, N. J.— First Dividend
— Organization.— T h i s c o m p a n y , w h ic h p a i d o n J u n e 2 1 a n
in it i a l q u a r t e r l y d i v i d e n d o f l % %
o n it s p re fe rre d s t o c k ,
w a s in c o r p o r a t e d D e c . 7 1 9 0 8 in N e w J e r s e y w i t h $ 1 0 , 0 0 0 , 0 0 0
o f a u t h o r i z e d c a p i t a l s t o c k in $ 1 0 0 s h a r e s , c o n s i s t i n g o f $ 6 ,
0 0 0 ,0 0 0 c o m m o n a n d $ 4 ,0 0 0 ,0 0 0 7 % c u m u la tiv e p re fe r r e d .
O f t h e p r e f e r r e d t h e r e is o n l y a b o u t $ 2 , 5 0 0 , 0 0 0 o u t s t a n d
in g .
O n l y a p a r t o f t h e c o m m o n s t o c k a l s o is o u t s t a n d i n g .
N o b o n d s o r m o r t g a g e s , n e w o r o ld , a sid e fr o m m o r tg a g e s
le s s t h a n $ 1 0 0 , 0 0 0 ‘ t h a t c a n n o t b e p a i d o f f .
The nronertlcs taken over In fee by the company arc: Auger & .Simon
silk OvelnL'Co Paterson, N. J.. and Williamsport, Pa.; Lotte Bros. Co.,
Allentown, Pa.;’ Emil Geering Silk Dyeing Co., R ° '’ c] 4 . ( ' actle- }vearns
Bros, and Knlpscher & Maas Silk Dyeing Co., all of la teison , N. J., and
Dundee Lake Dye Works. Dundee Lake, N . J .
The officers, all of Paterson, N . J .,c x c e n t Mr. Burgess, ate. Ctoa. I,
Auger. President: Emil Geering, Vice-President, L . I . E. Lotte., Chairman
executive committee; Frank Maas, bccictary, Ihos. I . Burgess, New
Y D i r e c t -C h a Jai ’ A u g e r ' e ’ # f f l L otte, Emil Peering.Robert Gaede.
WnJ H .K ea rn s Chas. Simon, Chas. E. Lotte, Wm. E. Knlpscher, Frank
Maas, John P. Kearns! C. La Rue Munson, Frank H. Hall, Eugene Waugh,
Thos. F. Burgess and Walter C. Lotte.
New River Co., West Virginia.— New Securities Author
ized.— T h e
s h a r e h o ld e r s
at
th e re c e n t
annual
m e e tin g
a u t h o r i z e d a n in c r e a s e in t h e c a p i t a l s t o c k f r o m $ 2 5 , 0 0 0 , 0 0 0
t o $ 3 0 , 0 0 0 , 0 0 0 a n d a n is s u e o f $ 4 , 0 0 0 , 0 0 0 5 %
fir s t m o r t g a g e
a n d c o ll a t e r a l t r u s t s i n k i n g f u n d c o n v e r t i b l e 2 5 - y e a r g o l d
b o n d s ," d a te d J a n . 1 1 9 0 9 , d u e 1 9 3 4 . O f th e b o n d s, $ 2 ,5 0 0 ,
0 0 0 , th e p r e s e n t is s u e , w e re r e c e n tly s o ld to a s y n d ic a te
f o r m e d b y H o r n b l o w e r Sc W e e k s , N e w Y r o k , a n d P a i n e ,
W e b b e r Sc C o . o f B o s t o n , s u b j e c t t o t h e r i g h t o f t h e s h a r e
h o ld e r s t o s u b s c r i b e f o r a p o r t i o n t h e r e o f a t 8 0 , u p t o a n d
i n c l u d in g J u n e 2 5 .
T h e fo llo w in g h a s b e e n p u b lis h e d :
The new bonds will have a sinking fund of 3 cents per ton on all coal
mined after Jiilv 1 1911! are subject to call in w h oleo rp artat 102 M andare
to be in v e r tib le Into stock on the basis of lsh areof prof.and l shareof com.
sto c k ™ i c h S t00 of bonds. [Par $1,000. Interest J. & J. at Federal
Trust Co., trustee, Boston. There are no prior liens, wo are Informed, on
the properties securing these bonds. Ed. Onioniclc. J
Securitu (o r B o n d s— Total E stim a ted M a rk et l alite
j . ^ v^a
Coal lands and coal rights owned d'lrcctly or
.
ship in stock of land cos. pledged under this Indenture 19,921 $1,735,003
iai leases uperaceti oy » uu-iu j .,
................
pledged In In d e n tu r e .------........ - .................... ....... 2 210
Leaseholds not In operation
rT’nt „ I
_________________________ 50,583
Present cost............... .....................................................................* 5 ’« 7 7 ’dR7
Railroads (28 miles), cost..................... ..................r°<7,487
Distributing, storage, wholesale plants In Richmond, va.; Washlngton, Dec.; Cincinnati, O., and Chicago, 111. (cost).......... —
1G2,„00
July
17 1909.]
THE CHRONICLE
The above property has been acquired by subscriptions to the prof, stock
at par In cash amounting to $6,734,300, and an Indebtedness of about
$1,500,000. The company has on hand In uncollected bills, merchandise
and accounts receivable, $856,725. The Issue of $2,500,000 In bonds
will pay all Indebtedness of every nature and leave a working cash surplus of
$375,000 In addition to this $856,725.
The average yearly earnings of the operating companies for three years
ending April 1 1009 have been $367,747. Compare V. 87, p. 1009.V. 8 8 . p. 1370. 297.
New York & New Jersey Telephone Co., Brooklyn.— Ex
change of Stock.—
W i t h a v ie w to s e c u r in g fu r th e r im p r o v e
m e n t s in s e r v i c e a n d e c o n o m i e s in a d m i n i s t r a t i o n , t h e A m e r i
c a n T e l e p h o n e & T e l e g r a p h C o . h a s o f f e r e d t o e x c h a n g e it s
s t o c k f o r t h a t o f t h is c o m p a n y , s h a r e f o r s h a r e .
A c ir c u la r
d a t e d J u ly 1 5 s a y s :
By the terms of the offer, stock of this company to be exchanged must be
properly endorsed for transfer to the American Telephone & Telegraph Co.
and delivered to the Assistant Treasurer of said company at 15 Dey St.,
New York on or before Aug. 31 1909. Negotiable receipts will be issued
therefor and such receipts will be convertible into stock of the American
Telephone & Telegraph Co., after notice from said company, on or before
Dec. 31 1909. On Oct. 15 1909 the ’A merican Telephone & Telegraph Co.
will pay on each share covered by such receipts, not previously converted,
to the holders thereof of record Sept. 30 1909, a sum equal to the usual
American Telephone & Telegraph Co.’s quarterly dividend ($2 per share).
Thus the exchange will. In cllect, be made as at July 1 1909.
The board of directors, after carefully considering the offer, has unani
mously adopted a resolution recommending It to the stockholders.— V. 8 8 ,
p. 1557. 380.
Nipissing Mines Co.— Listed in Boston.— T h e 1 , 2 0 0 , 0 0 0
s h a r e s o f s t o c k ( 5 5 e a c h , n o b o n d s ) h a v e b e e n p la c e d o n t h e
r e g u la r lis t o f t h e B o s t o n S t o c k E x c h a n g e . — Y . 8 8 , p . 1 1 3 4 .
Pillsbury-Washburn Flour Mills Co.— Operating Company
Incorporated.—
T h e P i l l s b u r y F l o u r M ills C o . o f M in n e a p o li s
w a s i n c o r p o r a t e d in M i n n e s o t a o n J u n e 2 1 w i t h $ 2 , 0 0 0 , 0 0 0
c a p i t a l s t o c k a s t h e o p e r a t i n g c o m p a n y u n d e r t h e p la n o f
r e o r g a n iz a tio n .
J u d g e W a lt e r I I . S a n b o r n o f th e U n ite d
S t a t e s C i r c u it C o u r t a t M i n n e a p o l i s o n J u l y 9 o r d e r e d t h e
r e c e iv e r s t o t u r n o v e r t h e p r o p e r t y t o t h e n e w c o m p a n y .
T h e t r a n s f e r is e x p e c t e d t o t a k e p la c e a t a n e a r l y d a y .
Modified Plan Approved.— A t m e e t i n g s h e ld in L o n d o n
o n J u n e 2 a n d J u n e 7 , r e s p e c t i v e l y , t h e h o ld e r s o f t h e first
m o r t g a g e ( 5 % d e b e n t u r e s a n d t h e h o ld e r s o f t h e c a p i t a l s t o c k
o f t h e P i l l s b u r y - W a s h b u r n F l o u r M ills C o . r a t if ie d t h e m o d i
fie d r e o r g a n i z a t i o n p l a n ( c o m p a r e V . 8 7 , p . 1 5 3 6 ; V . 8 8 , p .
1 3 1 7 , 2 9 8 ) , w h ic h w ill b e c a r r ie d o u t b y m e a n s o f f o u r d o c u
m e n ts , v i z .:
(1) The first authorizes the Increase of the first debenture Issue by £25,
000, from £875,000 to £900,000, to provide for restoring the water powrer
In case of any breakdown, and to meet possible claims for Income tax and
additional stamp duty. (2) The second Is a loan agreement, under which
the operating company will advance $500,000 to supplement the proceeds
of sale of the liquid assets of the company In meeting the claims of creditors.
I t Is hoped that this loan will be paid olt In 1909. (3) The third Is a trust
deed to secure the second mortgage bonds (the maximum amount men
tioned In the plan for this Issue was $2,800,000). It has been found Im
practicable to make the properties of the two water-power companies sub
ject to a direct mortgage In favor of the debentures and second bonds: but
virtually the same result has been obtained by pledging the shares held In
the St. Anthony W ater Power Co. and of the Minneapolis Milling Co.—
the water-power companies: and (4) a lease to the operating company.
After paying 6 % on the first mortgage debentures and 5% Interest and
1 % sinking fund on the second mortgage bonds, any balance resulting from
water-power dividends and the'lixed rent receivable from the operating com
pany will come to the shareholders, whose Interest In the operating lease,
moreover, Is not limited to the fixed rent of $100,000, Inasmuch as they will
also receive a share In the surplus above a stipulated return to those who
have provided the money for carrying on that operating company. From
such surplus profits accruing to this company a further cumulative sinking
fund provision of 1 % on the second mortgage bonds will be made.
The lessee Is given the right to acquire or build a mill or mills further cast
than Minneapolis, running it or them as a separate concern with separate
books and accounts. This company’s shareholders, however, arc to share
ultimately In the surplus profits of such mills If any arc erected or acquired.
Subject to the lessee receiving 7 'A % (cumulative) on any additional capital
Invested In such new mills, 6 % of the profits Is to go to a sinking fund and
to be accumulated until they amount to 60% of the original cost of such mills
and at the end of the terms (or the renewed term) of the lease that sinking
fund Is to be available to enable this company to exercise an option to pur
chase those mills at the original cost price, maintained fully up to tpelr
standard at the time of acquisition or erection. Otherwise, the lessee will
have the right of purchase, Involving the retention of the sinking fund—
V . 8 8 , D. 1317. 298.
Pittsburgh & Montana Copper Co.— Receivership.—
At
H e le n a , M o n t ., o n J u ly 8 , u p o n a p p lic a tio n o f th e U n io n
T r u s t C o . o f P itts b u r g h , tru ste e, O sca r R o h n o f B u tte w as
n a m e d a s r e c e iv e r fo r th e P it ts b u r g h & M o n ta n a C o p p e r C o .
o n t h e g r o u n d o f d e f a u l t in t h e p a y m e n t o f i n t e r e s t o n $ 2 1 6 ,
0 0 0 o u tsta n d in g b o n d s.
T h e r e is s a i d t o b e a la r g e f l o a t i n g
d e b t .— V . 8 3 , p . 4 9 8 .
— Sold.— A t t h e r e c e n t f o r e c lo s u r e s a le t h e p r o p e r t y w a s b id
in f o r $ 8 7 , 0 0 0 c a s h b y G e o r g e A . S c h m e l t z , r e p r e s e n t i n g
h i m s e l f a n d o t h e r H a m p t o n in t e r e s t s .
T h e su ccessor c o m
p a n y is t h e H a m p t o n
P h o eb u s & F o rt M on roe G a s C orpo
r a tio n .
C a p ita l s to c k $ 1 0 0 ,0 0 0 ; b o n d s $ 1 0 0 ,0 0 0 .
T h e o ld
b o n d h o l d e r s d o n o t p a r t i c i p a t e in t h e o r g a n i z a t i o n o f t h e
n e w c o m p a n y .— V . 8 8 , p . 8 8 6 .
Raton Water Works Co. of New Mexico.—
R R .
under
S ee S a n ta F e
“ R a ilr o a d s ”
a b o v e .—
Raton Water Works Co. of New York.—
L ib e r a l
&
E n g le w o o d
RR.
under
See S a n ta F e
“ R a ilr o a d s ” a b o v e .—
V . 88, p. 948.
Rhinelander (Wis.) Paper Co.— New Stock.— T h i s W i s c o n
s in c o r p o r a t i o n file d o n M a y 2 4 a c e r t if i c a t e in c r e a s i n g it s
a u th o rize d
c a p ita l s to c k
fro m
S 6 0 0 ,0 0 0
to
$ 8 0 0 ,0 0 0 .—
V . 85, p. 288.
Rockingham Power Co., N. C.— Sold.— A t f o r e c l o s u r e s a l e
a t W a d c s b o r o , N . C . , o n J u l y 1 4 , t h e p r o p e r t y w a s b i d in
f o r $ 1 , 0 0 0 , 0 9 0 b y D . I I . T h o m a s , r e p r e s e n t in g b o n d h o l d e r s
o f th e c o m p a n y .— V . 8 9 , p . 4 8 .
Rome (N. Y.) Home Telephone Co.— Sold.— A t f o r e c lo s u r e
on J u l y 1 4 t h e p r o p e r t y w a s b i d in b y J a m e s S . B r a i l e y
sa le
o f T o le d o , O ., fo r $ 2 0 ,1 0 0 .
T h e m o rtg a g e ,
a m o u n t e d to $ 1 4 0 ,0 0 0 .— V . 8 9 , p . 1 0 8 .
it
is
sa id ,
Sierra Madre Land & Lumber Co.— Sale Aug. 1 2 . — T h e
G u a r a n ty T r u s t & B a n k in g C o . o f E l P a s o , T e x ., h a v in g
s u c c e e d e d th e K n ic k e r b o c k e r T r u s t C o . a s m o r tg a g e tr u s te e ,
a n n o u n c e s t h a t t h e p o r p e r t y w ill b e s o l d in t h e c i t y o f
C h ih u a h u a o n A u g . 1 2 , p u r su a n t to a ju d g m e n t o f th e S e c o n d
C o u r t o f C iv il S u its o f th e D is t r ic t o f I t u r b id c a n d p u r s u a n t
t o t h e p o w e r s c o n t a i n e d in a c e r t a i n d e e d o f t r u s t d a t e d
M ay 20 1905.
M o s t o f th e b o n d s w e r e r e c e n tly p u r c h a s e d
b y th e M e x ic o N o r th W e s te r n R y . C o .
C om p are V . 8 8 ,
p. 749, 1065.
Sloss-Sheffield Steel & Iron Co.— New Director.— W i l l i a m
P . C l y d e h a s b e e n e le c t e d a d i r e c t o r t o s u c c e e d t h e l a t e
F . P . O l c o t t .— V . 8 8 , p . 1 5 6 3 .
Stillwater (Minn.) Gas & Electric Light Co.— Sold— Suc
cessor.—
T h e e n tir e p r o p e r ty h a s b e e n s o ld a t p u b lic a u c tio n
b y th e r e c e iv e r f o r $ 3 7 0 ,0 0 0 to H o m e r W . M c C o y a n d
J o s e p h H . R o y o f M c C o y & C o ., C h ic a g o .
The Washington County Light & Power Co. has been Incorporated by
Homer W . McCoy and Joseph H . R oy, Chicago, and Krnest L. Hospes of
Stillwater. W e are informed, however, that It has not yet been determined
definitely as to whether the above property will be transferred to this new
company or to some other corporation, and until that Is decided It Is not
possible to give accurate Information either as to new stock or bonds.—
V. 84, p. 1372
Sunday Creek Co.— Report.—
F isca l
Y ear—
N et
E a rn in g s.
1908-09................... ......... $610,675
1907-08-------- --------------- 759,942
— V. 89, p. 48.
F o r th e y e a r e n d in g M a rc h 3 1 :
I Tit. on
In t. on B on d s,
B ills P a y ’le. S in k . F d s.,& c.
$109,073
119,402
$664,545
830,630
B a la n ce,
D eficit
$162,942
190,090
Syracuse (N. Y. Lighting Co.— Bond Issue Approved.—
T h e P u b l i c S e r v ic e C o m m i s s i o n , S e c o n d D i s t r i c t , o n J u l y 1 3
a u t h o r iz e d th e c o m p a n y to e x e c u te a m o r tg a g e fo r $ 2 ,5 0 0 ,0 0 0
a n d t o is s u e $ 1 4 3 , 0 0 0 b o n d s o f t h e $ 2 0 7 , 0 0 0 b o n d s c o v e r e d b y
t h e a p p l i c a t i o n a t n o t le s s t h a n 9 5 .
C om pare V . 8 8 , p .
2 9 8 ,8 2 5 .
Telluride Power Co.— Allied Company.— S e e B e a v e r R i v e r
P o w e r C o . a b o v e .— V . 8 7 , p . 1 6 0 8 .
Toronto Electric Light Co.— Offer for Stock.— W i l l i a m
M a c k e n z i e , w h o is l a r g e l y in t e r e s t e d in t h e E le c t r i c a l D e v e l
o p m e n t C o . ( V . 8 8 , p . 1 3 1 6 ) , a n d th e T o r o n t o R a ilw a y C o .,
h a s o f f e r e d $ 5 5 c a s h a n d $ 1 0 0 in b o n d s o f o n e o f h is c o m p a n i e s
f o r e a c h s h a r e o f a c o n t r o l l i n g in t e r e s t in t h e T o r o n t o E l e c t r i c
L ig h t C o .— V . 8 8 , p . 6 2 9 .
United Electric Securities Co., Boston.— Called Bonds.—
T h e A m e r i c a n T r u s t C o . o f B o s t o n , t r u s t e e , h a s c a ll e d f o r
r e d e m p tio n o n A u g . 2 , a t 1 0 3 a n d in te r e s t, th e fo llo w in g
a m o u n t s o f c o l l a t e r a l t r u s t 5 % b o n d s , v i z . : F i f t e e n t h s e r ie s ,
t h e e n t i r e o u t s t a n d i n g is s u e ; 1 6 t h s e r i e s , t h e e n t i r e o u t
s t a n d i n g is s u e ; 1 7 t h s e r i e s , 6 3 b o n d s ; 1 9 t h s e r i e s , t h e e n t i r e
o u t s t a n d i n g is s u e ; 2 1 s t s e r i e s , 7 b o n d s ; 2 2 d s c r ie s , 6 2 b o n d s .
— V . 88, p. 311.
United Gas Co. of Wichita, Kan.— N ew Bonds Offered.—
T h o m a s A . R o c k w e l l & C o . , C h i c a g o , a r e o f f e r in g f o r s a l e
a b l o c k o f s e r ia l g o l d 6 s , w h i c h f o l l o w t h e $ 2 5 0 , 0 0 0 fir s t
m o r t g a g e 6 s d e s c r ib e d in V . 8 4 , p . 8 0 8 .
A c ir c u la r s a y s :
Total amount authorized. $500,000; Issued and outstanding, $375,000:
paid and canceled, $25,000; reserved by trustee for betterments, $100,000.
Maturities: $25,000 on Sept. 1 1909; $25,000 on Sept.l of each year until
1920 and $30,000 thereafter until final payment.
The company has an exclusive contract for the supply of natural gas and
furnishes It to the people of Wichita for fuel. The company already has
In excess of 7,000 customers, and the system comprises over 100 miles o f
mains and a complete plant for the manufacture of artificial gas. The
franchise Is liberal In Its terms and extends to 1926, and provides for sale
and distribution of either artificial or natural gas. Net earnings about
four times the Interest charges. Compare Kdlson Light & Power Co. of
Wichita In V . 87, p. 289; also see V . 84, p. 808.
United Iron & Steel Co., Pittsburgh.— To be Operated by
M . A. Hanna & Co.—
T h i s c o m p a n y , o r g a n i z e d l a t e in 1 9 0 6
w ith $ 2 ,0 0 0 ,0 0 0 s t o c k a n d $ 5 ,0 0 0 ,0 0 0 b o n d s , a n d h a v in g a
r a t e d a n n u a l c a p a c i t y o f 2 1 0 , 0 0 0 t o n s o f p i g ir o n ( a n n u a l
o r e o u t p u t , 8 0 0 , 0 0 0 t o 1 , 0 0 0 , 0 0 0 t o n s ) , r e c e n t l y c lo s e d a
d e a l w i t h M . A . H a n n a & C o . o f C l e v e l a n d b y w h ic h t h e
l a t t e r w ill o p e r a t e t h e p r o p e r t ie s a n d s e ll t h e o u t p u t .
Com
pare V . 8 3 , p . 1 5 9 6 ; V . 8 4 , p . 6 9 7 .
Urbana Light Heat & Power Co.— Guaranteed Bonds
Public Service Corporation of Virginia, Hampton, &c., Va.
L ib e r a l & E n g le w o o d
V . 88, p. 948.
167
Offered.—
J u l i u s C h r i s t e n s e n , P h i l a d e l p h i a , is o f f e r in g a t
9 7 a n d i n t e r e s t , y i e l d i n g 5 }4%> 8 4 6 , 0 0 0 fir s t c o n s o l i d a t e d
5%
b o n d s o f $ 1 ,0 0 0 e a c h , u n c o n d itio n a lly g u a r a n te e d b y
t h e I llin o is T r a c t io n C o .
D a t e d M a r c h 1 1 9 0 9 , d u e in
in s t a llm e n t s o n M a r c h 1 y e a r ly fr o m 1 9 1 8 to 1 9 2 7 in c lu s iv e .
T r u s te e : C e n tra l T r u s t C o . o f I llin o is , C h ic a g o .
In terest
p a y a b le J . & D . , a t C h ic a g o .
F in a n cia l Statem ent.
Capital stock (owned by Illinois Traction C o .).......... .............— $100,000
Total amount of bonds authorized-------------------------------------- 200,000
Reserved for retirement of $56,000 underlying bonds,
dt c at stated times, of which $14,500 have been
paid, leaving an unpaid balance of $41,500----------- $42,000
Reserved for new const’ll, under careful restrictions,. 86,000
Amount ou tstand ing,.------ ------------------- --------------- 72,000
E a rn in g s fo r Y ears ending D ecem ber 31.
1905.
1906.
1907.
1908.
Gross earnings........ .
$29,661
$31,897
$35,474
$39,355
N et after taxes_________
11,256
13,127
15,979
19,192
Total Interest charges for 1908 ----------------------------------------4,719
Urbana (O.) Water Co.— Reorganized Company.— T h i s
c o m p a n y h a s b e e n i n c o r p o r a t e d u n d e r t h e l a w s o f M a in e w i t h
$ 2 2 5 , 0 0 0 c a p i t a l s t o c k , in s h a r e s o f $ 1 0 0 e a c h , a s s u c c e s s o r ,
p r e s u m a b ly , o f th e U r b a n a W a t e r W o r k s C o . ( V . 7 7 , p . 4 5 5 ) .
A t in c o r p o r a tio n
th e
f o l l o w i n g w e r e n a m e d a s o f f ic e r s :
P r e s . , L e o n V . W a l k e r ; T r e a s . , F r e d L . P e n n e l l; C l e r k ,
H o w a r d R . I v e s , a ll o f P o r t l a n d , M e . — V . 7 7 , p . 4 5 5 .
For oilier Investment News see page 169.
THE CHRONICLE
168
[VOL. L X X X I X .
AMERICAN SMELTING & REFINING COMPANY.
TEN TH
AN N U AL
REPORT— FOR
TH E
F IS C A L
To the Stockholders:
I n s u b m it t i n g fo r y o u r c o n s id e r a tio n th e G e n e r a l B a la n c e
S h e e t a n d s t a t e m e n t o f I n c o m e A c c o u n t f o r t h e t e n t h fis c a l
y e a r o f t h e C o m p a n y , e n d e d A p r i l 3 0 1 9 0 9 , a t t e n t i o n is
s p e c i a l l y c a ll e d t o t h e f a c t t h a t , n o t w i t h s t a n d i n g b u s in e s s
o p e r a t i o n s in g e n e r a l d u r in g t h e p e r i o d c o v e r e d b y t h i s
r e p o r t w e r e m a r k e d l y d e p r e s s e d , a n d c o r p o r a t i o n e a r n in g s
a l m o s t u n i v e r s a l l y d e c lin 6 d f r o m t h e p r e c e d in g y e a r , y e t ,
a f t e r p a y in g q u a r te r ly d iv id e n d s a m o u n t in g to 7 % o n th e
P r e fe r r e d S t o c k a n d 4 % o n th e C o m m o n S t o c k , th e re h a s
b e e n c a r r ie d t o S u r p lu s A c c o u n t f o r t h e y e a r S I , 8 4 3 , 0 5 0 1 0 .
T h i s i n c r e a s e o f s u r p lu s is l a r g e l y s h o w n in t h e in c r e a s e o f
c a sh a n d d e m a n d lo a n s , a m o u n t in g t o $ 1 ,7 3 0 ,2 0 4 7 6 .
A ll e x p e n d itu r e s o n th e p la n ts o f th e C o m p a n y , o n a c c o u n t
o f r e p a ir s a n d b e t t e r m e n t s , a s w e ll a s i m p r o v e m e n t s a n d
n e w c o n s tr u c tio n , h a v e b e e n , a s u s u a l, c h a r g e d to P r o fit
a n d L o s s A c c o u n t , a n d e v e ry n e c e ssa ry e x p e n d itu re h a s b e e n
m a d e t o i m p r o v e t h e e f f i c i e n c y o f t h e p l a n t s a n d t h e ir a b i l i t y
t o o p e r a te e c o n o m ic a lly .
I t w ill b e n o t e d t h a t e x p e n d i t u r e s
fo r n e w c o n s tr u c tio n a n d im p r o v e m e n t s w e re $ 3 0 0 ,8 6 1 9 9
le s s t h a n t h e p r e v i o u s y e a r .
T h e r e w ill b e e n c lo s e d w i t h t h i s r e p o r t a c o p y o f t h e
F o u r t h A n n u a l R e p o r t o f t h e A m e r i c a n S m e l t e r s ’ S e c u r i t ie s
Com pany.
Y o u r C o m p a n y o w n s 1 7 7 ,5 1 0 sh a re s o f th e C o m
m o n S t o c k o f t h e A m e r i c a n S m e l t e r s ’^ S e c u r i t ie s C o m p a n y ,
o f th e p a r v a lu e o f $ 1 7 ,7 5 1 ,0 0 0 .
T h is , b e in g th e m a jo r it y
o f t h e C o m m o n S t o c k , p la c e s y o u r C o m p a n y i n c o n t r o l u n d e r
t h e A r t i c l e s o f I n c o r p o r a t i o n o f t h e S e c u r i t ie s C o m p a n y , a n d
it h a s a lw a y s b e e n b e lie v e d b y y o u r D ir e c to r s t h a t th is a s s e t
w o u l d in t i m e p r o v e t o b e o f v e r y g r e a t v a l u e .
A s y e t it
h a s n o t b e e n t h o u g h t w is e t o in c l u d e t h i s a s s e t a m o n g t h e
in v e n to r ie d in v e s t m e n t s o f th e C o m p a n y , b u t th e su c c e s s fu l
d e v e l o p m e n t o f t h e S e c u r i t ie s C o m p a n y a s h a d t h e m o s t
e a r n e s t a n d c a r e f u l t h o u g h t o n t h e p a r t o f t h e o f f ic e r s a n d
d ir e c to r s o f y o u r C o m p a n y .
T h e su ccess o f th e p a st y ea r
h a s b e e n m o s t e n c o u r a g i n g , a n d le a d s u s t o e x p e c t t h e f u l
fillm e n t o f a ll o f th e h o p e s o f t h e p a s t .
A t th e tim e o f th e
o r g a n i z a t i o n o f t h e A m e r i c a n S m e l t e r s ’ S e c u r i t ie s C o m p a n y ,
it w a s b e l i e v e d t h a t y o u r C o m p a n y w o u l d b e o b l i g e d t o a d
v a n c e , u n d e r i t s g u a r a n t y , s o m e p o r t i o n o f t h e d iv i d e n d s
a c c r u i n g o n t h e S e r ie s “ B ” s t o c k u n t i l t h e S e c u r i t ie s C o m
p a n y w a s a b le to fu lly o p e r a te its p r o je c te d s m e ltin g p la n t s .
Y o u r C o m p a n y , h o w e v e r , h a s n o t b e e n o b li g e d t o m a k e a n y
a d v a n c e s o n a c c o u n t o f su c h d iv id e n d s .
T h e s ta te m e n t so fr e q u e n tly
m a d e , t h a t th e S m e ltin g
C o m p a n y a n d th e S e c u r itie s C o m p a n y w o u ld g iv e a g o o d a c
c o u n t o f t h e m s e l v e s in t i m e s o f d e p r e s s i o n , h a s b e e n | f u l l y
ju s tifie d .
Y E A R
EN D ED
30
1909.
U n d e r th e r e q u ir e m e n ts o f th e M o r tg a g e , th e o u ts ta n d in g
b o n d s is s u e d b y t h e O m a h a & G r a n d S m e l t i n g C o m p a n y ,
m a t u r i n g in 1 9 1 1 , h a v e b e e n r e d u c e d b y t h e s u m o f .$ 1 1 2 , 0 0 0 ,
le a v in g n o w o u ts ta n d in g $ 2 3 7 ,0 0 0 .
I n a l l d e p a r t m e n t s t h e e x e c u t i v e a n d o p e r a t i n g o f f ic ia ls
a n d e m p l o y e e s o f t h e C o m p a n y h a v e s h o w n t h e ir u s u a l
e f f i c i e n t a n d l o y a l s e r v i c e , f o r w h ic h a c k n o w l e d g e m e n t o f
t h e D i r e c t o r s is c h e e r f u lly r e c o r d e d .
D A N IE L
N ew
Y o r k , J u ly
10
President.
G U G G E N H E IM ,
1909. •
C O M P A R A T IV E S T A T E M E N T OF ASSETS A N D L I A B I L I T I E S .
ASSETS.
In crea se ( + ) or
A p r i l 30 1909. A p r il 30 1908. D ecrease (— ).
$
Property
. . . __________ 86,845,670 51
Investments . . . _______
3,949,957 81
Metals _____________________ 17,592,192 04
M aterial_____________
1,330,773 76
N et Current Assets________
465,140 64
Cash and Demand Loans___ 7,359,239 10
T o ta l____________________ 117,542,973
$
86,845,670 51
3,950,087 54
17,519,663 83
1,380,741 94
500,526 39
5,629,034 34
$
.......... .......
— 12973
+72,52821
— 49.96818
— 35,385 75
+1,730,20476
115,825,724 55 +1,717,249 31
86
L IA B IL IT IE S .
Capital Stock....................... 100,000,000 00 100,000,000 00
..................
Bonds _____________________
237,000 00
3 4 9 , 0 0 0 00
— 112,000 00
Unearned Treatment Charges 2,054,705 09
2,068,505 8 8
— 13,800 79
Surplus___________
15,251,268 77 13,408,218 67 +1,843,050 10
T o ta l.......... .......................117,542,973 80 115,825,724 55 +1,717,249 31
C O M P A R A T IV E S T A T E M E N T OF IN CO M E ACCOU NT.
A p r i l 30 1900. A p r i l 30 1908.
$
3
In crea se ( + ) or
D ecrea se (— ).
$
Total Earnings....................
Deduct:
Taxes and General Expense.
Ordinary Repairs and Bet
terments_________________
9,146,387 46
9,403,282 07
637,334 91
836,865 00
797,072 94
033,129 53
— 136,056 59
Total Deduction_________
1,434,407 85
1,760,995 43
— 335,587 58
Net E arn in gs...............
Less:
Employees’ Profit-Sharing
Fund______ ______________
7,711,970 61
7,633,286 64
. +78,692 97
T o ta l.. -----------Appropriations for New Con
struction and Im prove
m ents---------
7,604,284 20
Balance N et Income........
Deduct:
D ivid en d s........ ..................
5,500,000 00
7,000,000 00 — 1,500,000 00
— 256,894 61
_
— 199,530 99
+47,695 41
47,695 41
7,633,286 64
+30,997 56
321,234 10
622,096 09
— 300,861 09
7,343,050 10
7,011,190 55
+331,859 55
Surplus for Y ear_________ 1,843.050 10
Add:
Surplus from Previous Year 13,408,218 67
Total Surplus...................
____________
A P R IL
15,251,268 77
11,190 55 +1,831,859 55
13,397,028 12
+11,190 55
13,408,218 67 +1,843,050 10
AMERICAN SMELTERS’ SECURITIES COMPANY.
AN N U AL
REPORT— FOR
TH E
To the Stockholders:
T h e w id e r d i s t r i b u t i o n o f P r e f e r r e d S t o c k S e r i e s “ B ” d u r
i n g t h e p a s t y e a r w a r r a n t s y o u r D i r e c t o r s in m a k i n g t h i s
f ir s t p r i n t e d a n n u a l r e p o r t .
A ll n e c e s s a r y re fe r e n c e a s t o
t h e b u s i n e s s o f y o u r C o m p a n y in p r e v i o u s y e a r s h a s b e e n
i n c l u d e d in t h e A n n u a l R e p o r t o f t h e A m e r i c a n S m e l t i n g &
R e f i n i n g C o m p a n y , f o r t h e r e a s o n t h a t a l m o s t a ll o f t h e
s t o c k h o l d e r s o f t h e A m e r i c a n S m e l t e r s ’ S e c u r i t ie s C o m p a n y
w e r e a ls o s to c k h o ld e r s o f t h e A m e r ic a n S m e lt in g & R e fin in g
C°Th(f
G e n e ra l B a la n c e S h e e t a n d s t a t e m e n t o f In c o m e
A c c o u n t f o r t h e f o u r t h fis c a l y e a r o f t h e C o m p a n y , e n d e d
M a y 3 1 1 9 0 9 , are n o w s u b m it t e d fo r y o u r in fo r m a tio n .
T h e g e n e r a l c o n d i t i o n o f t h e m i n i n g a n d s m e l t i n g b u s in e s s
d u r in g th e p a s t y e a r h a s b e e n e n c o u r a g in g , b u t n o t e q u a l
in v o l u m e t o t h e y e a r s i m m e d i a t e l y p r e c e d i n g , w h e n t h e
p r ic e o f m e t a ls w a s c o n s id e r a b ly h ig h e r ; n e v e r th e le s s th e
n e t e a r n in g s o f t h e C o m p a n y a m o u n t e d t o $ 3 , 6 2 6 , 4 2 6 2 9 in
c o m p a r i s o n w i t h e a r n in g s o f t h e p r e c e d i n g y e a r a m o u n t i n g
to $ 1 ,6 3 6 ,9 6 5 3 1 .
.
u
.
,
.
P r o je c t e d n e w c o n s tr u c tio n h a s b e e n n e a r ly c o m p le te d a t
y o u r p l a n t s a n d m i n i n g p r o p e r t i e s h a v e b e e n k e p t in m o s t
e x c e l l e n t r e p a ir a n d a r e d o i n g e f f i c i e n t a n d e c o n o m i c a l w o r k .
T o th is e n d e x p e n d itu r e s fo r o r d in a r y r e p a ir s , b e t t e r m e n t s ,
n e w c o n s tr u c tio n a n d im p r o v e m e n t s c h a r g e d t o P r o fit a n d
L o ss h a v e a m o u n te d to $ 1 ,2 7 6 ,7 6 2 2 0 .
R e g u la r q u a r te r ly d iv id e n d s h a v e b e e n p a id , a m o u n t in g
to 6 % o n t h e P re fe rre d “ A ” s t o c k , a n d a m o u n t in g to 5 %
o n t h e P re fe rre d “ B ” s t o c k , a n d th e S u r p lu s A c c o u n t , w h ic h
h a s b e e n c a r r ie d t o t h e c r e d it o f P r o f i t a n d L o s s f o r t h e y e a r ,
a m o u n t s to $ 5 2 1 ,0 4 2 6 5 .
I t is m o s t e n c o u r a g i n g t o n o t e ,
a l s o , t h a t t h e e a r n in g s a b o v e r e p o r t e d f o r t h e t w e l v e m o n t h s ’
p e r io d w e re d iv id e d a s fo llo w s :
For the first six months_____________________________________
F or the last six months_________________________________ _
85
4,308,280 44
A l t h o u g h t h e S e c u r i t ie s C o m p a n y , w h e n fir s t s t a r t e d ,
c o n s i s t e d a l m o s t e n t i r e ly o f m i n i n g p r o p e r t i e s , t h e s t o c k
h o l d e r s w ill d o u b t l e s s b e in t e r e s t e d t o k n o w t h a t f o r t h e p a s t
y e a r m o r e th a n tw o -th ir d s o f th e p r o fit o f th e C o m p a n y w a s
m a d e a t 'i t s v a r io u s s m e lt in g p la n t s .
T h i s r a t i o is l i k e l y t o
in c r e a s e f o r t h e f u t u r e .
F IS C A L
Y E A R
EN D ED
M AY
31
1909.
T h e p r o d u c t o f c o p p e r f r o m m in e s a n d s m e lte r s o f y o u r
C o m p a n y h a s s o l a r g e l y in c r e a s e d t h a t t h e D i r e c t o r s b e
l i e v e d it a d v i s a b l e t o b u i l d o r p u r c h a s e a c o p p e r r e f i n e r y .
T h e y w e r e a b l e t o e f fe c t a p u r c h a s e b y c o n t r a c t o f t h e s t o c k
o f th e B a ltim o r e C o p p e r S m e lt in g & R o llin g C o m p a n y , rep
r e s e n t i n g t h e o l d e s t e l e c t r o l y t i c c o p p e r -r e f i n i n g p l a n t in t h e
U n ite d S ta te s .
T h is c o n tr a c t r e q u ir e s s e m i-a n n u a l p a y m e n t s
c o n t i n u i n g u n t i l J a n . 1 1 9 1 6 , a n d t h e d e f e r r e d li a b i li t i e s o n
a c c o u n t o f th is c o n tr a c t n o w a m o u n t to $ 2 ,5 5 7 ,3 6 0 .
The
p r o fits o f th e p la n t a c c r u in g t o th is C o m p a n y u n d o u b t e d ly
w ill c o n t i n u e t o b e m o r e t h a n s u f f i c i e n t t o p a y t h e i n s t a l l
m e n t s w ith in te r e s t.
Y o u r D ir e c to r s b e lie v e t h a t th is c o n
tr a c t w as a m o st a d v a n ta g e o u s o n e , fo r o b v io u s reaso n s.
D A N IE L
G U G G E N H E IM ,
President.
N ew
Y o r k , J u ly
10
1909.
S T A T E M E N T OF ASSETS A N D L I A B I L I T I E S M A Y 31 1909.
L IA B IL IT IE S .
ASSETS.
00
P r o p e r ty _____________ 578,846,076 91 Capital Stock-$77,000,000
6,418,999 30
Metal Stocks........ .
6,964,093 40 Net Current Liabilities
Material _____
984,527 18 Unearned Treatment
Charges- 1,548,920
81
Cash __________
1,285,334 59
Deferred L iabilities..
2,557,360 00
Surplus . . .
554,751
97
-
FO U RTH
T o t a l _____________ $88,080,032 08
T o t a l ..................... $88,080,032 08
S T A T E M E N T O F IN C O M E ACCO U NT.
E a rn in g s......................
Deduct:
Interest, Taxes and General Expenses---- $1,112,261
Ordinary Repairs and Betterments........................................
Total D ed u ction __________
N et Earnings......................
42
691,378 56
$1,803,639 98
$3,626,426 29
Appropriations for New Construction and Im provements—
Balance Net Income_____________________
55,430,066 27
$3,041,042
585,383 64
65
Dividends Preferred “ A ” Stock___________ $1,020,000
00
Dividends Preferred “ B” Stock............................ .....................1,500,000 00
Total Dividends......................... ......... ......... - ..................... $2,520,000 00
Surplus for Y ea r____________ __________ _______- ............. .......
$521,042|65
Add:
Surplus from Previous Y ea r_______________________ _________
33,709 32
Total Surplus....................................................................
$554,751 97
C o . , N e w Y o r k .—Dividends
T h e d ir e c t o r s o n TTuuee ss d
da y
la r e d a d iv id e n d o f 3 %
o n th e ( $ 2 7 ,9 8 4 ,4 0 0 ) c o m m o n
d e c l:
k ,, p
s t o c3k
_ a _y a b l e A u g u s t 2 0 o n s t o c k o f r e c o r d A u g u s t 5 .
D ivid en d R ecord.
_____
.
, nni.
V ir g in ia -C a r o lin a
169
THE CHRONICLE
July 17 1909.)
The
C h e m ic a l
on- Common Stock Resumed.—
189(5. '97 to Mar.'02. June ’02 to June ’03.1901-08.
C om m on. 1%
1 % yearly
5% yearly.
none
Preferred Full 8 % to July 1909, Inclusive (paid Q.-J. l o ) .
(Compare V. 87. p. 13G1.)
COMMERCIAL EPITO M E.
A u g.,1909
3,0
T h e d i v i d e n d , it is s t a t e d , is s i m p l y a d i s b u r s e m e n t t o
h o ld e r s f r o m t h e n e t e a r n in g s f o r t h e f is c a l y e a r e n d e d M a y 3 1
1909.
P r e s i d e n t S . T . M o r g a n is q u o t e d a s s a y i n g :
’ ’ While the report lor the year ended May 31 1909 Is the best annual
aternent the company
has ever
-----— „ ------, Issued, the directors deemed It best to destatement
a ^ mdividends
v id e n d s on
clarc
on an
an extremely
extremely conservative basis. The showing on the
on the year was equivalent to 7 H % . and while the company
common stock
(
vn a higher rate of earnings in certain former years, Its financial
has show]
n has never been better. The only bills payable are those of the
Southern C o t t o n ™ 1 C m " totaling J2 .370,900, whi'ch'was caused by the nec^sMtv of the company’s carrying stock between seasons.
In respect to
cash on hand and working capital, the company is In a stronger position
than ever before
The question of further returns on the common stock
will again come tip for consideration when the results of the present fis
cal year are known.— V. 8 8 , p. 235.
^ im m .
© om m erexal
Friday Night, July
16 1 9 0 9 .
T r a d e c o n t i n u e s t o i m p r o v e , a n d a r is e in p r i c e s o f s t e e l ,
c o i n c i d e n t w i t h a m o r e c o n f i d e n t d e m a n d , is a n o t e w o r t h y
fe a tu r e .
E x c ite d
a ttra c te d
a tte n tio n .
abeyance.
The
s p e c u la t io n
in
w heat
and
c o tto n
has
A s a r u l e , h o w e v e r , s p e c u l a t i o n is in
general
o u tlo o k
fo r
m ost
crops
is
c o n sid
ered fa v o r a b le .
L A R D . — B u y e r s h a v e h e ld o f f , e x p e c t i n g a d e c lin e o n t h e
g r o u n d t h a t t h e r e c e n t a d v a n c i n g t e n d e n c y in t h e h o g m a r
k e t c a n n o t b e m a i n t a i n e d in t h e f a c e o f a p r o s p e c t i v e e n o r
m ous
corn
crop .
H en ce
p ric e s fo r
th e
cash
p ro p e rty
are
W h e e l i n g ( W . V a . ) S t e e l & I r o n C o .—Extra Dividend.—
T h e d ir e c t o r s o n J u ly 3 d e c la r e d a n e x t r a d i v i d e n d o f 2 % ,
g e n e r a lly
p a y a b l e J u ly 1 2 .— Y . 8 6 , p . 6 1 0 .
Y a n k e e F u e l C o .—New Reorganization Committee, &c.— •
S e e S a n t a F e L ib e r a l & E n g le w o o d R R . u n d e r “ R a ilr o a d s ”
W e s t 1 2 . 0 5 c . , p r i m e C i t y s t e a m 1 1 2 ^ c . @ 1 1 J ijc ., r e f in e d C o n t i
a b o v e .— V . 8 8 , p . 1 5 0 3 .
— T h e s e m i-a n n u a l n u m b e r o f th e H a n d -B o o k o f S e c u r itie s
is s u e d t h i s w e e k b y t h e p u b li s h e r s o f t h e “ C o m m e r c i a l a n d
F i n a n c i a l C h r o n i c l e ” c o n t a i n s a m o n t h l y r a n g e o f p r ic e s t o
J u l y 1 o f s t o c k s a n d b o n d s s o l d a t t h e S t o c k E x c h a n g e s in
N e w Y o r k , B o s t o n , P h i l a d e l p h i a , B a l t i m o r e , C h ic a g o a n d
P it t s b u r g h .
T h e r e is a l s o a y e a r l y r a n g e o f p r i c e s f o r b o n d s
a n d s to c k s s o ld o n th e N e w Y o r k S to c k E x c h a n g e fo r th e
p a s t s ix y e a r s a n d a y e a r ly r a n g e fo r 3 ^ y e a r s o f B o s t o n
a n d P h ila d e lp h ia p r ic e s .
I n a d d i t i o n t o t h e t a b l e s o f p r ic e s
th e b o o k c o n ta in s e la b o r a te ta b le s w ith d e ta ils o f s e c u r itie s ,
t o g e t h e r w i t h t h e e a r n in g s a n d f ix e d c h a r g e s o f t h e r e s p e c t i v e
c o m p a n i e s a n d s h o w i n g a s n e a r l y a s p r a c t i c a b l e t h e s u r p lu s
a v a ila b le to m e e t c h a rg es a n d d iv id e n d s .
T h e r e is a t a b l e
o f d i v i d e n d p a y m e n t s f o r (i}4 y e a r s .
T h e b o o k c o n ta in s
192 p ages.
P r ic e , o n e d o lla r .
— D u r in g th e p a s t w e e k S h o e m a k e r , B a t e s & C o . h a v e
o p e n e d e l e g a n t n e w b r a n c h o f f i c e s in t h e W a l d o r f - A s t o r i a .
T h e ir m a in N e w Y o r k o ffic e r e m a in s a t 5 0 0 F if t h A v e . a n d
t h e ir P h i l a d e l p h i a o f f i c e in t h e R e a l E s t a t e T r u s t B u i l d i n g .
O w i n g t o t h e r a p id g r o w t h o f t h e i r C h i c a g o b u s i n e s s , u n d e r
t h e m a n a g e m e n t o f A l a n s o n F o l l a n s b e e , t h e fir m h a s re
m o v e d fro m
th e H o m e In s u r a n c e B u ild in g to fa r m o re
s p a c i o u s a n d f in e ly e q u i p p e d q u a r t e r s o n t h e g r o u n d flo o r
o f t h e n e w C o r n E x c h a n g e B a n k B u i l d i n g , 1 9 4 L a S a l le S t . ,
n o t ic e o f w h ic h w ill b e f o u n d in o u r a d v e r t i s i n g c o l u m n s .
— R . M . G r a n t & C o ., 31 N a s s a u S t ., in v e s t m e n t b a n k e r s ,
w h o m a k e a s p e c ia lty o f th e h ig h e s t g r a d e o f s a v in g s b a n k
b o n d s , a r e o f f e r in g s e v e r a l e n t i r e is s u e s o f m u n i c i p a l b o n d s
in a d d i t i o n t o a n u m b e r o f s t a n d a r d s t e a m r a ilr o a d firs t
m o r t g a g e o b l i g a t i o n s w h ic h a r e a le g a l i n v e s t m e n t f o r s a v i n g s
b a n k s , e x e c u to r s a n d tru ste es o f e s ta te s .
T h e s e b o n d s w ill
y ie ld fr o m 3 . 9 0 %
to 4 . 3 5 % .
— T h e o . M . K e r k h o fT , f o r t h e p a s t s e v e n y e a r s i d e n t ie f id
w ith th e C h ic a g o b o n d h o u s e s o f M a c D o n a ld , M c C o y & C o .
a n d it s s u c c e s s o r , M c C o y & C o . , a s b u y e r , h a s d i s s o l v e d t h a t
c o n n e c t i o n a n d s e t u p f o r h i m s e l f a s C h ic a g o r e p r e s e n t a t i v e
o f th e P r o v id e n t S a v in g s B a n k & T r u s t C o . o f C in c in n a ti.
M r . K e r k h o f f w ill b o t h b u y a n d s e ll m u n i c i p a l a n d c o r p o r a
t i o n b o n d s o f h i g h g r a d e f o r t h a t i n s t i t u t i o n , h is o f f i c e b e i n g
a t 1 3 1 1 F o r t D e a r b o r n B u ild in g .
— A u n i q u e d e v i c e f o r t h e d e s k , n o la r g e r t h a n a p a p e r
w e ig h t , fo r c o m p u t in g in te r e s t o n a n y p r in c ip a l, fr o m a n y o n e
d a t e t o a n y o t h e r , a t a n y r a t e o f i n t e r e s t , is a n i n v e n t i o n o f
J a m e s J . F i t z g e r a l d , w i t h C a le b L . M c K e e & C o . , b r o k e r s ,
o f C le v e la n d .
T h e m a c h i n e is e s p e c i a l ly v a l u a b l e in o b t a i n
in g t h e a m o u n t o f a c c u m u l a t e d i n t e r e s t o n b o n d s in a f r a c t i o n
lo w e r , a lth o u g h
fu tu re s
a fte r b e in g s lig h t ly lo w e r .
have
ste a d ie d w ith h o g s ,
P rim e W e s t e r n
1 2 .2 0 c .,
M i d d le
n e n t 1 2 . 3 0 c ! , S o u t h A m e r i c a 1 3 c . , B r a z i l , in k e g s , 1 4 c .
D A IL Y C LO SIN G P R IC E S O F L A R D F U T U R E S IN C H ICAG O .
S a t.
M on.
T u es.
W ed.
T h u rs.
July delivery______ cts.11.70
11.67H 11.67H 11.77XS 11.80
September delivery___ 11.70
11.67 'A 11.07 ^ 11.77
11.82
October delivery______ 11.62^ 11.60
11.62J4 11.72H 11.75
F ri.
11.72 K
11.75
11.70
P O R K fir m , s c a r c it y c h e c k in g b u s in e s s ; m e s s $ 2 1 @ $ 2 1
c le a r
$20 5 0 @ $ 2 3 ,
lig h t
o f f e r in g s
packet
Cut
and
$12@$13,
m ea ts
p ic k le d
have
h am s,
fa m ily
$21 5 0 @ $ 2 2 .
m o d e ra te
fa m ily
been
12
b e llie s , c le a r , 8 t o 12 l b s .,
o f C ity s o ld a t 5 9 - 1 6 c .
o l e o 1 3 c . , la r d 1 3 ^ c .
m ess
$ 1 4 @ $ 1 4 50,
ste a d y
r e g u la r ,
b u s in e s s ;
to
on
th e
20
lb s .,
e x tr a
stro n g
f ir m
$11 @ $ 1 1
\2y2@\3%c.
50,
w ith
50,
$20 5 0 @ $ 2 1 .
hog
s it u a tio n ;
1 2 J ^ @ 1 3 c .;
p ic k le d
T a llo w , 2 0 0 h h d s .
S te a r in e s u n c h a n g e d a n d n o m in a l;
B u tte r h ig h e r, c re a m e r y e x tr a s 2 6 ^ c .
C h e e s e h ig h e r a n d fa ir ly a c t iv e ; S t a t e , f .
c o lo r e d o r w h it e ,
Beef
I3y'c.
o n o t h e r s ; W e s t e r n fir s t s
c ., la r g e o r s m a ll,
E g g s fir m o n h i g h g r a d e s a n d w e a k
2l%22c.
O I L .— L in s e e d h a s b e e n q u ie t o n n e w b u s in e s s , w ith fa ir
ta k in g s o n o ld c o n tr a c ts ; c it y , r a w , A m e r ic a n s e e d , 6 1 @ 6 2 c . ;
b o ile d 6 2 @ 6 3 c . ; C a lc u t t a , r a w , 7 5 c .
C o t t o n s e e d lo w e r ; w i n
te r 5 . 2 0 @ 5 . 6 0 c . , s u m m e r w h ite 5 . 6 0 @ 6 . 1 0 c .
O liv e q u ie t ,
$1 1 5 @ $ 1 2 5 .
L a r d h a s b e e n s lo w , th e a d v a n c e c h e c k in g
b u s in e s s ; P r im e 9 0 @ 9 3 c . , N o . 1 e x tr a 5 7 @ 5 8 c .
C ocoanut
q u ie t , w ith b u y in g o n ly fo r im m e d ia t e w a n t s ; C o c h in 7 % @
8 c . , C e y l o n 7%c., P a l m L a g o s 6 c .
P e a n u t, y e llo w , 6 5 @ 7 0 c .
C o d h a s b e e n s e a s o n a b ly d u ll; d o m e s tic 3 8 c ., N e w fo u n d la n d
40c.
C O F F E E o n th e s p o t h a s b e e n s t e a d y b u t w ith a s lo w d e
m and.
I t is r u m o r e d t h a t t h e q u a l i t y o f a r r i v a l s is u n s a t i s
fa c to ry .
R io N o . 7 , 7 ^ @ 7 ^ c . ; S a n to s N o . 4 , 9 @ 9 } £ c . ;
f a ir t o g o o d C u c u t a , 9 ^ @ 1 0 j | c I n th e s p e c u la t iv e m a r
k e t t h e d i s t a n t d e li v e r i e s f e ll o f f m a t e r i a l l y , w h il e t h e n e a r
m o n t h s r e m a in e d r e la tiv e ly fir m .
L a t t e r ly it h a s b e e n
t h o u g h t t h a t J u l y s h o r t s a l e s h a v e b e e n p r e t t y w e ll c o v e r e d .
T h e c lo s i n g p r ic e s w e r e a s f o l l o w s :
July _______ 7 05@7.10
A u g u st_____ 0.05@0.10
September , . 5.75@5.80
October_____ 5.45 @5.50
November . .5.40® 5.50
December _ - 5 .4 0 @ 5 . 5 0
J a n u a ry ____5.40@5.50
February — 5.40@5.50
M a rch ______ 5 .4 5 ® 5.50
A p r il--------- 5.45@ 5.50
M a y _______ 5.45@5.50
J u n e _______ 5.45@5.50
S U G A R . — R a w h a s b e e n q u i e t a n d w i t h o u t c h a n g e in
p rice s.
C e n t r ifu g a l, 9 6 -d e g r e e s t e s t , 3 .9 2 c .;
m u sco vad o ,
8 9 -d e g r e e s t e s t , 3 .4 2 c .; m o la s s e s , 8 9 -d e g r e e s t e s t , 3 .1 7 c .
R e f i n e d h a s b e e n fir m a n d f a i r l y a c t i v e ; g r a n u l a t e d 4 . 7 5 c .
S p ic e s h a v e b e e n fir m w i t h t h e c a b l e s , b u y e r s h o l d i n g o f f .
T e a s h a v e b e e n f ir m , w it h b u y e r s s h o w i n g m o r e i n t e r e s t ,
m o s t ly fo r p re se n t n e e d s .
W o o l h a s b e e n fir m a n d r e m a r k a
b ly a c tiv e .
o f th e tim e re q u ir e d th r o u g h a n in te r e s t b o o k .
— I I . A lin e r t h a s b e e n m a d e M a n a g e r o f th e d e p a r tm e n t of
e x a m in a t io n s a n d re p o r ts o f H . M . B y lle s b y & C o ., w ith
h e a d q u a r te r s a t C h ic a g o .
C . E . G r o e s b a c k o f S a n D ie g o
h a s b e c o m e a V ic e -P r e s id e n t o f th e c o m p a n y , w ith h e a d
q u a r t e r s a t T a c o m a , W a s h . , in c h a r g e o f t h e i r i n t e r e s t s o n
t n e P a c ific C o a s t a n d in t h e S t a t e s o f I d a h o a n d M o n t a n a .
P E T R O L E U M .— T h e r e h a v e b een n o im p o r t a n t d e v e lo p
m e n ts.
T h e a c t i v i t y o f e n g i n e o i ls c o n t i n u e s ; r e f i n e d , b a r
re ls 8 . 4 0 c . , b u l k 4 . 9 0 c . , c a s e s 1 0 . 8 0 c .
G a s o lin e , 8 6 -d e g r e e s
t e s t , in 1 0 0 - g a l l o n d r u m s , 1 8 % c . ; d r u m s $ 7 5 0 e x t r a . N a p h -
— T h e C . I I . G e is t C o . a n n o u n c e t h a t M r . W a t s o n F .
F u q u a , w h o is w e ll k n o w n in t h e i n v e s t m e n t b o n d b u s in e s s
in P h i l a d e l p h i a , h a s b e c o m e i n t e r e s t e d w i t h t h e m in p la c i n g
th e ir s e c u r itie s , a n d
f r o m n o w o n h e w ill b e l o c a t e d in
t h e i r o f f ic e s a t 1 1 2 7 L a n d T i t l e B u i l d i n g , P h i l a d e l p h i a .
g o o d , s t i ll $ 3 1 5 .
__ - W m . A . R e a d & C o . a d v e r t i s e in t h is is s u e a c h o i c e li s t
o f i n v e s t m e n t s , g i v i n g in e a c h c a s e t h e p r ic e a n d y i e l d .
D e
t a i ls r e g a r d i n g a n y o f t h e s e s e c u r i t ie s w ill b e f u r n i s h e d o n
T O B A C C O .— W it h th e e x h a u s tio n o f th e la s t c r o p , th e
m a r k e t h a s b e e n d u ll, a w a itin g th e a p p e a r a n c e o f th e 1 9 0 9
g ro w th .
I n t h e S o u t h t h e s e a s o n is a b o u t e n d e d a n d t h e
v o l u m e o f b u s in e s s is in s i g n i f i c a n t .
C rop n ew s fro m N ew
E n g l a n d is s a t i s f a c t o r y .
H a r v e s t i n g is e x p e c t e d t o b e g i n
n e x t m o n t h , a s m o s t o f t h e t i m e l o s t in t r a n s p l a n t i n g h a s
been m ade u p .
— T h e s e m i - a n n u a l is s u e o f t h e P o c k e t M a n u a l o f t h e
B o sto n S to c k
M a r k e t is r e a d y .
F r a n k A . l t u g g l e s , ■5 3
C O P P E R . — D u l l a n d l o w e r , n e i t h e r b u y e r s n o r s e lle r s s h o w
i n g a d e s ir e t o f o r c e a c t i v i t y ; l a k e 1 3 ^ @ 1 3 % c . , e l e c t r o l y t i c
1 2 ^ @ 1 2 ’K c . , c a s t i n g 1 2 ^ @ 1 2 % c .
L e a d d u ll a n d e a s ie r ;
s p o t , ca r lo t s , 4 . 3 2 ^ @ 4 . 3 5 c .
S p e l t e r s t e a d y , w i t h f a ir
d e m a n d ; s p o t , car lo ts , 5 .3 5 ® 5 . 4 0 c .
Iro n h a s b een a c tiv e
a t s t e a d y fig u r e s ; N o . 1 N o r t h e r n 8 1 6 7 5 @ $ 1 7 2 5 , N o . 2
S o u th e rn $ 1 6 2 5 @ $ 1 6 5 0 .
F a v o r a b l e c o n d i t i o n s a r e s t i ll
g e n e r a l l y r e p o r t e d in t h e s t e e l t r a d e , w h ic h h a s c o n t i n u e d
e x t r e m e ly
a c tiv e ,
n o tw ith s ta n d in g
th e
a d v a n c in g
c o st.
S te e l b a r s w e re a d v a n c e d $ 1 p e r to n b y th r e e in d e p e n d e n t
S ta te S t .,
c o m p a n ie s.
re q u e st.
— T h e B o s to n S to c k E x c h a n g e h o u se o f B r ig h t, S e a rs &
C o .. 5 3 S t a t e S t ., r e c e n tly o p e n e d a b r a n c h o ffic e a t 2 2 9
M a in S t . , F i t c h b u r g .
T h e fir m a l s o h a s a b r a n c h a t 6 5
M e rrim a c k S t ., L o w e ll.
— T h e 1909 e d i t i o n o f t h e “ D i r e c t o r y o f D i r e c t o r s in t h e C i t y
o f N e w Y o r k ” w a s is s u e d t h i s w e e k ; 8 6 0 p a g e s ; p r i c e $ 5 .
A u d i t C o m p a n y o f N e w Y o r k , 1 6 5 B r o a d w a y , p u b lis h e r s .
B o sto n .
170
THE CHRONICLE
C
O
T
T
O
N
On Shipboard, N o t C leared lo r —
.
Friday Night, July
16 1 9 0 9 .
T H E M O V E M E N T O F T H E C R O P a s in d ic a te d b y o u r
t e l e g r a m s f r o m t h e S o u t h t o - n i g h t is g i v e n b e f o w .
F o r th e
w e e k e n d in g th is e v e n in g th e to t a l r e c e ip ts h a v e r e a c h e d
3 0 , 5 2 5 b a l e s , a g a i n s t 1 9 ,1 7 1
b a le s la s t w e e k a n d 2 7 ,5 0 3
b a l e s t h e p r e v i o u s w e e k , m a k i n g t h e t o t a l r e c e ip t s s in c e
th e 1 st o f S e p te m b e r 1 9 0 8 9 ,7 5 2 ,2 2 9 b a le s , a g a in s t 8 ,1 7 0 ,
3 2 0 b a l e s f o r t h e s a m e p e r i o d o f 1 9 0 7 - 0 8 , s h o w i n g a n in c r e a s e
s in c e S e p t . 1 1 9 0 8 o f 1 ,5 8 1 ,9 0 9 b a le s .
R eceipts at —
Galveston . _ ___
Port Arthur ___
Corp. Christ, &c.
New Orleans - .
G u lfp o rt_______
Mobile _________
Pensacola . ____
Jacksonville, &c.
Savannah ______
B runsw ick_____
C harleston____
G eorgetow n ____
W ilm in g to n ____
N o rfo lk _________
Newport N ., &c.
New Y o rk ______
B o s to n _______
Baltimore _ - - Philadelphia____
Sat.
1,399
M on.
850
T u es.
2,027
[VOL. LXXXI X.
W ed.
1,285
T hurs.
1,735
F ri.
Total.
1,497
8,793
1,387
485
1,387
5,709
J u ly 16 a t —
Great
Britain. F ra n ce
New Orleans..
G a lves to n ___
Savannah ____
Charleston____
M o b ile_______
N o r fo lk ______
New Y o rk ____
Other ports__
2,106
5,600
Total 1909..
Total 1908..
Total 1907..
8,856
15,407
6,215
1,994
3,078
GerOther
m any. F oreign
1,503
2,056
12,690
225
4,500
800
350
T h e s p e c u la t io n
400
300
9,952
9,710
2,777
4,059
14,799
5,558
—
200
in c o t t o n
Coastw ise.
1,100
—
14,015
3,865
10,071
Total.
I.caving
Stock.
297
300
18,590
11,259
7,250
4,500
7,250
2,600
550
61,582
10,801
22,611
,3,526
3,871
820
152,166
12,687
44,749
56,137
38,193
268,064
172,933
275,865
—
7,847
12,356
13,572
fo r fu tu r e d e liv e r y
d u r in g th e
p a s t w e e k h a s b e e n a c t i v e a n d e x c i t e d a t w id e f l u c t u a t i o n s in
p rice s.
N e w h ig h r e c o r d s f o r t h e s e a s o n h a v e b e e n s u c c e e d e d
569
339
'502
1,086
232
"3 1
2,759
P r ic e s, h o w e v e r , h a v e r e a c h e d a p o in t
8,848
—
—
8,848 b y s h a r p r e a c t i o n s .
r a r e l y a t t a i n e d a t t h i s t i m e o f t h e y e a r , e v e n in p e r i o d s o f
"9 5
518
"365
118
54
198
1,348 t h e m o s t e x c i t i n g b u ll s p e c u l a t i o n s .
T h e p r i n c ip a l f a c t o r in
____
" 2 2
1
t h e r e c e n t a d v a n c e h a s b e e n d r y , h o t w e a t h e r in T e x a s a n d
"2 6
15
—
___
15
O k la h o m a .
In th o se S ta te s m a x im u m te m p e r a tu r e s h a v e
2
2
30
” 37
____
2
73
297
300
9
18
21
D u rin g
14
659 o f t e n b e e n v e r y h i g h d u r i n g t h e l a s t c o u p l e o f w e e k s .
____
—
182
182 t h e p a s t w e e k in m a n y s e c t i o n s t h e y h a v e r a n g e d f r o m 1 0 0
23
"~~6
34
A c c o m p a n ie d a s th e y h a v e b e e n b y c o n
277
"it
351 t o 1 0 7 d e g r e e s .
—
194
194 t i n u e d d r y w e a t h e r in m o s t s e c t i o n s , t h e c o t t o n t r a d e h a s
10
8
"125
"3 8
—
—
181
in fe r r e d t h a t m o r e o r le s s d a m a g e h a s b e e n d o n e t o t h e
Totals this w eek.
2,419
5,080
4,879 11,646
2,496
4,005 30,525 g r o w i n g c r o p , e s p e c i a l l y a s T e x a s w a s d e p r i v e d o f m u c h o f
t h e u s u a l w in t e r a n d s p r i n g r a i n f a l l .
A w id e ly p r e v a le n t
T h e fo llo w in g s h o w s t h e w e e k ’ s to t a l r e c e ip ts , th e to t a l
id e a is t h a t T e x a s h a s n o t g o t a g o o d “ s e a s o n ” in t h e g r o u n d
s in c e S e p t . 1 1 9 0 8 , a n d th e s t o c k s t o -n ig h t , c o m p a r e d w ith
a n d t h a t it is m o r e t h a n o r d i n a r i ly i m p o r t a n t , t h e r e f o r e , t h a t
la s t y e a r :
s h o w e r s a n d r a in s s h o u l d b e f r e q u e n t d u r i n g J u l y a n d
A u g u st.
S o m e fa v o r a b le c ro p r e p o r ts a r e b e in g r e c e iv e d
1908-09.
1907-08.
Stock.
f r o m t h a t S t a t e in s p i t e o f a l l , h o w e v e r , a n d w e a t h e r c o n d i
R eceipts to
J u ly 16.
T h is S ince S ep This
S in ce S ep
t i o n s e a s t o f t h e M is s i s s ip p i R i v e r s e e m o n t h e w h o le t o b e
W eek .
W eek .
1 1907.
1 1908.
1909.
1908.
r a th e r b e tte r th a n t h e y w ere r e c e n tly , w h e n c o m p la in t w a s
Galveston_______
8,793 3,592,030 10,857 2,475,909
M o re o v e r, th e
22,060
36,035 m a d e o f e x c e s s i v e r a in s a n d g r a s s y f ie ld s .
Port Arthur_____
152,759
108,500
s p e c u la t io n h a s r e c e n tly b e c o m e so e x c it e d a n d th e a d v a n c e
CorpusChrlstl,&c.
1,387
153,590
37,825
4,420 1,975,402
New O rleans____
5,709 2,075,805
o f p r ic e s a t s u c h a f e v e r i s h p a c e t h a t c o n s e r v a t i v e p e o p l e
80,172
52,931
2 0 ,2 2 1
Gulfport
______
h a v e fe lt th e n e c e s s ity o f c u r b in g it .
T h e y h a v e in s o m e
3,080 330,083
Mobile _. _____
2,759 380,211
8,371
9,285
163,997
8,848
in s ta n c e s so ld h e a v ily a n d r o o m tr a d e r s h a v e a ls o a t t a c k e d
Pensacola. ____
166,838
29,748
Jacksonville, &c.
8,434
t h e m a r k e t a t t i m e s w it h g r e a t e r c o u r a g e in t h e b e l i e f t h a t it
4,050 1,508,064
Savannah_______
1,348 1,491,643
22,611
27,085
h a d b e c o m e u n d u l y c o n g e s t e d o n t h e lo n g s i d e .
L iv e r p o o l
319,847
197,903
Brunswick _ ____
271
26 209,718
243 201,073
Charleston______
3,526
7,018 a n d W a l l S t r e e t , t h e S o u t h a n d t h e W e s t , h a v e a ll l i q u i d a t e d
50
15
2,649
772
Georgetown ____
N ot a
599 500,473
Wilm ington ____
73 409,177
117
569 la r g e q u a n t i t i e s o n t h e r e c e n t t e m p t i n g a d v a n c e .
841 542,711
650 588,525
N orfolk __________
8,070
8,561
fe w to o v e n tu re s o m e p y r a m id s h a v e b een o v e r tu r n e d . S to p
____
182
17,891
8,073
NewportNews, &c.
19,101
4,195 154,766
New Y o r k ______
74,278 lo s s o r d e r s h a v e b e e n e n c o u n t e r e d o n s o la r g e a s c a le a s t o
472
15,416
B oston __________
351
18,992
4,453
B u t o n th ese rea c
5,432 a c c e le r a t e s u d d e n a n d s h a r p s e t b a c k s .
375
B altim ore.___ . .
194
99,785
78,975
5,639
6,930 t i o n s p r e v i o u s e x p e r i e n c e h a s b e e n r e p e a t e d .
L a r g e in t e r
25
181
6,540
9,674
Ph ilad elph ia____
2,757
946
e s t s a s w e ll a s t h e g e n e r a l p u b l i c h a v e s e iz e d w h a t t h e y c o n
T o t a l . . . .......... 30,525 9,752,229 25,012 8,170,320 312,813 229,070
s id e r e d a f a v o r a b l e o p p o r t u n i t y to r e p la c e h o l d i n g s li q u i
d a t e d o n t h e b i g r is e .
T h e r e is u n d o u b t e d l y a d e e p - s e a t e d
I n o r d e r t h a t c o m p a r is o n m a y b e m a d e w ith o th e r y e a r s ,
c o n v i c t i o n a m o n g m a n y p e o p l e in d if f e r e n t p a r t s
o f th e
w e g i v e b e l o w t h e t o t a l s a t le a d i n g p o r t s f o r s i x s e a s o n s :
c o u n t r y t h a t t h e c r o p t h i s y e a r is g o i n g t o fa ll b e l o w t h e
r e q u i r e m e n t s o f a n e x p e c t e d l a r g e ly in c r e a s e d w o r l d ’ s c o n
1907.
R eceip ts at —•
1908.
1909.
1906.
1905.
1904.
s u m p t i o n o f A m e r i c a n c o t t o n , a n d t h a t e v e n t h o u g h a li b e r a l
10,857
2,648
8,793
3,149
G a lvesto n __
34,770
2,296 s u r p lu s s e e m s l i k e l y t o m a n y t o b e c a r r ie d o v e r f r o m t h i s
______
1,387
275
Pt. Arthur,&c.
47
5,709
4,420
3,696
8,112
New Orleans.
16,734
9,048 s e a s o n in t o t h e n e x t o n e , a f u r t h e r a d v a n c e in p r ic e s is
2,759
3,080
44
1,271
M o b ile ______
4,494
I n f a c t , a ll s o r t s o f p r ic e s a r e p r o p h e s i e d ; w it h
241 p o s s i b l e .
1,101
1,348
4,050
6,378
Savannah ___
25,473
1,289 w h a t r e a s o n t h e e v e n t m u s t d e t e r m i n e .
I t is p o i n t e d o u t ,
2,247
' ~ h o w e v e r , t h a t a l a t e f a ll w i t h g o o d g r o w i n g w e a t h e r m i g h t
293
323
Charleston, &c
41
1,960
1,603
599
73
38
W ilm ington..
196
5,153
55 d o w o n d e r s f o r t h e c r o p , a s it h a s m o r e t h a n o n c e in t h e p a s t ,
659
841
950
N o r fo lk _____
1,948
12,127
1,421
N ’port N ., Ac
182
187
213
598
116 a n d a l s o t h a t w h il e t r a d e is u n d o u b t e d l y i m p r o v i n g , t h e p a c e
9,574
All others____
872
1,566
2,099
936
299 is r a t h e r l e i s u r e l y , b o t h a t h o m e a n d a b r o a d , e s p e c i a l l y in
T h e r e is a t p r e s e n t n o a c t u a l s c a r c i t y o f c o t t o n
Total this w k.
30,525
25,012
10,553
25,601
104,182
14,770 E u r o p e .
an yw h ere.
T h e a d v a n c e is p r e d i c a t e d o n t h e id e a o f f u t u r e
Since Sept. 1. 9,752,229 8,170,320 9,637,198 7,656,353 9,677,821 7,089.956
s c a r c ity
c o i n c i d e n t w it h
a n a b n o r m a lly
la r g e d e m a n d .
M e a n t i m e , t h o u g h t h e c r o p is in m a n y s e c t i o n s l a t e , t h e
T h e e x p o r ts fo r th e w e e k e n d in g th is e v e n in g re a c h a to ta l
r e p o r t s f r o m T e x a s a r e in n o t a f e w c a s e s e n c o u r a g i n g a n d
o f 3 2 , 6 6 3 b a l e s , o f w h ic h 8 , 2 8 6 w e r e t o G r e a t B r i t a i n ,
s o m e v e r y f a v o r a b l e a d v i c e s h a v e l a t t e r l y b e e n r e c e iv e d
2 ,9 0 0 to F r a n c e a n d 2 1 ,4 7 7 to th e re st o f th e C o n t in e n t .
fro m
th e C a r o lin a s , G e o r g ia , A la b a m a a n d
M is s i s s ip p i.
B e lo w a r e th e e x p o r t s fo r th e w e e k a n d s in c e S e p t . 1 1 9 0 8 :
S p i n n e r s , m o r e o v e r , s t i ll s e e m t o a d h e r e t e n a c i o u s l y t o t h e
p o l i c y o f b u y i n g o n o n l y a v e r y m o d e r a t e s c a le w h e r e t h e y
From Sept. 1 1908 to July 16 1909.
Week ending Jidy 16 1909.
d o n o t h o ld a lo o f e n t ir e ly .
N o t a fe w b e l i e v e t h a t a rise
Exported to—
Exported to—
Exports
o f o v e r 8 2 0 a b a l e s in c e l a s t f a ll h a s m o r e t h a n d i s c o u n t e d
/torn—
Great
Conti
Great
Conti
w h a t e v e r b u lli s h c o n d i t i o n s m a y e x i s t n o w o r w h ic h m a y b e
Britain. Fr ncc. nent. Total. Britain. France
nent.
Total
e x p e c t e d t o a r is e l a t e r .
P o p u l a r s e n t i m e n t , h o w e v e r , is
Galveston---4,792 4,792 1,479,558 421,188 1,218.3133.119.059
u n d o u b t e d l y v e r y s t r o n g l y e n li s t e d o n t h e b u ll s i d e .
On
Port Arthur...
6 6 257
Corp.Chrlstl.&c .......
1,270 1,270
29,018
29,018 d e c lin e s la r g e s p o t i n t e r e s t s h a v e b e e n b u y e r s a n d W a l l
New Orleans..
1,232 ___
5,968 7.20C 921,498 254,647 727,307 1.903,452
502 ___
Mobile ...........
2,598 3,10(1
9.3,580 113,949
82,335 289,864 S t r e e t a n d W e s t e r n h o u s e s , a s w e ll a s S o u t h e r n a n d L i v e r p o o l
Pensacola___
3,050 2,900 2,898 8,848
46,070 65,956
55,775 167,801 p e o p l e , h a v e a l s o b o u g h t .
M e a n t i m e , it is f o r t h e m o s t p a r t
—
Gulfport....... ____
____
____
4,132 16,089
20 ,2 21
C o o l, r a i n y w e a t h e r
Savannah ___
____
___
71
71 167,073 91,227 657,201 915,501 w h a t is k n o w n a s a “ w e a t h e r m a r k e t . ”
193,604
t h r o u g h o u t T e x a s w o u l d , it is s u p p o s e d , c a u s e a d e c l i n e .
____
___
....... ____
Charleston___
77,244
5,725
82,969 O n t h e o t h e r h a n d , s h o u ld d r y , h o t c o n d i t i o n s c o n t i n u e
___
____
____
Wilmington__ ____
112,854 8,731 281,624 403,209
__ ___
34
34
N orfolk.........
32,994
3,163
36,157 d u r i n g t h e c o m i n g w e e k , b u l l s , it is a r g u e d , c o u ld w it h s o m e
___ ___
____
____
_____
Newport News
3,789 6,715 158,933 48,737 196,024 403,694 c o lo r o f p r o b a b i l i t y l o o k f o r w a r d t o a n A u g u s t G o v e r n m e n t
New York___
2,926
r e p o r t ( w i t h t h e d a t a c o m i n g d o w n t o J u l y 2 5 t h ) w h ic h
95
57
93,754
38
11,334
538
52,131 7.529
Baltimore___
63^472 123[132 m i g h t s e e m m o r e o r le s s t o f a v o r t h e i r in t e r e s t s .
538
A w ild
56,719
12,689
s p e c u l a t i o n , h o w e v e r , a n a f f a i r , “ a ll s a il a n d n o r u d d e r ,”
796
.......
San Francisco.
82,298
82,298 w o u ld b e d e p r e c a t e d b y c o n s e r v a t i v e i n t e r e s t s in t h e c o t t o n
___
____
______ ____
Seattle ....... . ____
68,246
68,246
T o -d a y th e re w a s a b re a k o f
____
______ _____
Tacoma....... .
10,756
10,756 t r a d e t h r o u g h o u t t h e w o r l d .
___
____
______ ____
Portland, Ore.
300
300 o v e r t h i r t y p o i n t s , p r i c e s a t t i m e s b e i n g f o r c e d b e l o w t h e
____
___ ____
_____
____
Pembina____
100
100
B e a r s w e r e e n c o u r a g e d b y c o n f ir m e d r e p o r t s
4,371 .......
Detroit...........
4,374 1 2 - c e n t l e v e l .
.........
o f r a in s in n o r t h T e x a s a n d r u m o r s o f r a in s in t h e b i g c o t t o n
T o ta l_____
8,286 2,900 21,477 32,663 3,490,052 028,0533,753.0718.271,176
c o u n t y , E llis .
T h e i r c h ie f w e a p o n , h o w e v e r , w a s t h e o f f ic ia l
Total 1907-08. 11,498
19 17,079 28,5962,892,938,853,318.3,523,9837,270,239 r e p o r t o f t h e G o v e r n m e n t e n t o m o l o g i s t , w h ic h t h e y c o n s t r u e d
a s f a v o r a b l e , b e c a u s e it s t a t e d t h a t b o l l - w e e v i l s a r e n o t a s
I n a d d itio n to a b o v e e x p o r t s , o u r t e le g r a m s t o -n g h t a lso
p le n t i f u l in T e x a s a s w a s t h e c a s e a y e a r a g o .
O th e rs, h o w
g iv e u s th e fo llo w in g a m o u n t s o f c o t t o n o n s h ip b o a r d , n o t
e v e r , c a ll e d a t t e n t i o n t o t h e f a c t t h a t t h e r e p o r t m e n t i o n e d
c le a r e d , a t t h e p o r t s n a m e d .
W e a d d s i m i l a r fig u r e s f o r
t h e p o s s i b i l i t y o f t h e i n s e c t a p p e a r i n g in la r g e r n u m b e r s in
N ew Y ork.
c a s e o f g o o d r a in s .
2,231
'630
1,259
927
177
July 17 l!)09.]
THE CHRONICLE
F U T U R E S .— T h e
h ig h e st,
lo w e s t
and
c lo s in g
p r ic e s
at
N e w Y o r k th e p a s t w e e k h a v e b e e n a s fo llo w s :
G
S 5 d g « „ ■“ 0 5 ) 3 . 0 5 ) ? O flOf>
£3 I -3
aw
o ,3
wo
I I
|@
05 )?
0>
©
o t e ? Q !0 ?
NtJ
>UM
OoC>
|®
II
MM
1©
M>£»■
|®
MM
MM
•“1b
I®
MM
bb>
MO
I®
| |
MM
I I
MM
MM
MM
I®
ttfcM OO
|® |@
|®
@
|©
I I
*nC»
MO
I I
MM
|®
I I
||
|®
MM
b>b
| MM
MM MM
?®
® |®
MM
•Jb
MOO
|®
MM
®
bb
o
|
|©
I I
<oo
I I
|1
M
MM
M
bb
1 I
\®
|®
|®
|®
MM
L.
•*! CO L L
MM
^*ib
M**1
|®
I©
MM MM
I
|®
MM
|®
|®
MM
OM
®
MW
©06
I®
MM
®
|®
MM
|®
MM
bb
EE
i®
T®
©
®
II
IS
©
II
IS
b
I®
|®
M
I©
|®
M
|®
M
II
IS
II
IS
lb lb
OO
MO
|®
MM
o
(-*
|®
M
]®
O CDO
CM M
I © |®
I®
MM MM
o^-*
th e
Ob
MM
|®
MM
MM
|©
M
I >u
| -i
t e le g r a p h ,
a flo a t,
a ll fo r e ig n
are
MM
MM
OiU
OM
_
|®
[(
___
I©
|®
M
lb
|o
s i
bb bb
*-*i—
» OoO
I©
MM MM MM
|©
MM
®
MM
M MM
MM MM
*1M MM
|
® 1®
©
I®
MM
MM
MM
MM
|@
I©
MM
Mb
OO
MM
I©
MM
OM
COO
CDO
|®
IE
o
I®
M
|®
M
°°
II M
jra1
MM
I©
MM
|®
MM
^ Ob
|_100
fa
w e e k ’s
fig u r e s a r c b r o u g h t
J u ly 1C—
1909.
si, 0 2 1 , 0 0 0
Total Great Britain stock.
Stock at Hamburg------------Stock at Marscillcs.
Stock at Barcelona
Stock at T rie ste--------------Total Continental stocks..........
India cotton afloat for Europe—
Ainer. cotton alloat for Europe. Egypt,Brazil, Ac.,ailt.for Europe.
Stock in Alexandria, E g y p t.. .
Stock In Bombay, India-------Stock in U. S. p o rts -----------Stock In U. S. interior tow n s.U . S. exports t o -d a y ..............
M
1 0 ,0 0 0
72,000
64,000
1,104,000
12 ,0 0 0
282,000
2 23,000
3 ,000
32,000
32,000
7,000
591,000
Liverpool stock.
______ bales.
Manchester stock _
Continental stock __________
American afloat for Europe_____
U. S. port s to c k s .______________
U. S. Interior stocks____________
U . S. exports t o d a y ____________
b
Total A m e rica n __________
E ast In d ia n , B ra zil, A c .—
Liverpool stock----------------London stock------------------Manchester stock-------------Continental stock— ........
India alloat for Europe_____
E gypt, Brazil, &c., afloat—
Stock in Alexandria, EgyptStock in Bombay, India-
53 5,00 0
120,588
312,813
137,178
165
398,000
83,000
482,000
99,484
229,070
151,726
147
8,000
14.000
56.000
67.000
28.000
92,000
350,000
113.000
10,000
11,000
85.000
96.000
21.000
97,000
430.000
t
|
= 3c«
C6*1H -* Wf MC5O MN ,£. I
05CJMO cs*-* CO
MO m c i OM9U>UC iI4^*1M i ifc. o m m o MMCO>C-*-*W
06OMOMit-MOOO>t.*l .UO I 0 0 * 1 - 1 0 0 0 0 0 JM
H-i i. ©t o *»M®tJ >-*to H-. ►
-* 00 MMMI-*CSM M
b - * j b b b o o i-*m eolu b o t * V * i o c .O f © 'i u
h o » o c too oo* o ci o ►-*1- co-* ceo *i h o *i o *i m tj u
N M M o ® o ® c * ‘ M e o o ii‘ ® o » e c i o * ‘ OOOiit‘ Wii ' -
F o re ig n sto c k s,
and
to
con se
T h u rsd a y
1907.
1 ,0 2 2 . 0 0 0
10 ,0 0 0
77,000
533,000
1906.
612,000
16,000
58,000
68 6,00 0
13,000
173,000
109,000
■4,000
13,000
27,000
7,000
346,000
880,000
01,000
43 3,00 0
47,315
314,058
115,217
3,652
501,000
51,000
292,000
142,280
233,278
158,701
4,383
136.000
111,000
173.000
16,000
7,000
54.000
124.000
58,000
719.000
55,000
787.000
10,000
16,000
100.000
21,000
12.000
Total East India, &c_
Total American
-2,802,684 2,280,427 3,093,242 2,548.642
Total visible supply
O.lOd.
7.06d.
0.07d.
Middling Upland, Liverpool-----0.72d.
1 1 .0 0 c.
12.95c.
11.00c.
MlndMng Upland, New Y ork —
12.50c.
8 7-16d.
1 1 Tad.
It Lid.
Egypt, Good Brown, L ive rp o o l..
0*Ad.
9.15(1.
ll.OOd.
8.65(1.
Peruvian, Hough Good, Liverpool
8.25d.
OKd. 5 1 I
Broach, Fine, Liverpool----------0>4d.
5L$d.
Liverpool-------5 Kd.
5Md.
5H d.
Tlnnevclly, Good, Liverpool----- 5 15-16d.
C o n tin e n ta l im p o r t s fo r t h e p a s t w e e k h a v e b e e n 7 8 ,0 0 0
b a le s .
T h e a b o v e fig u r e s f o r 1 9 0 9 s h o w a d e c r e a s e f r o m l a s t w e e k
of
1 0 7 ,5 8 6
b a l e s ,a g a i n o f 5 2 2 , 2 5 7 b a l e s
over
1908, a
d e c r e a s e o f 2 9 0 ,5 5 8 b a le s fr o m 1 9 0 7 , a n d a g a in o f 2 5 4 .0 4 2
b a le s o v e r 1 9 0 0 .
J»M M
Cd.OC,iH>©OOOOQOi-“ ie U i-‘ MM*l©iiii4Ui»©MI0O06Mt3M
2,091,684 1,413,427 1,860,242 1,382,042
96.000
»—
»i—
‘
i - O i . ^ 0 0 0 i - y O » i » 0 C M U ^ »W M U M 0 1 * 0 iC .'l-C C * l^ -l
C. C MMM X It *17. X O MM'IJ *1C. C —H M qMtOWNMODMOXllfeO
i® 1 I ©
M«
1,095,000 1,152,000 1,042,000 1,032,000
124,000
173,000
07,000
91,000
142,280
120,588
47,315
09,484
12 ,0 00
28,000
2 1 ,0 0 0
2 1 ,0 0 0
55,000
92,000
97,000
58,000
787,000
350,000
430.000
710,000
233,278
2 1 2 .M 2
229,070
314,058
137,178
158,701
151,726
115,217
4,383
105
’
147
3,652
028,000
58,000
i-1
iU >U
*-**-* M
,
*+ ,
“ OMMIJM «-» W I
►-»>-»
b Mi
MMh C O '1 0 » 1 0 0 1 « i MMMOOOOMoOh-*'
0 0 * 1 0 00 >-•MO ©1>-. MI ■C.WMOOS-O M COj
585,000 1.109,000
14,000
24,000
241,000
315,000
185,000
137,000
3,000
5,000
24,000
39,000
26.000
27,000
40,000
2 0 ,0 0 0
567,000
M
IS
dow n
1908.
511,000
h*
© “* *».
4^Mb*-*lb
Moob COM M MM 4- O ;
OOOOO-.iMOOSMOW-aOOO’
-'^OOOMrfi^©1OOiMOMOJM |
IUibOJ*10MHO^[JOfcittOOM!OMiC»MOO°iC.M*lHM
.2,802,684 2,280,427 3,093,242 2,548,642
Total visible s u p p ly ..--Of the above, totals of American and other descriptions are as follows
A trier (ca n —
M
M h )-jM 8h*»)eiO O C H -R i® CTC»OCHi***-‘ M*J«0'-‘ C5M
,
WCib!tSOit‘ O'JO'lMD06iti06i-0eC!O>-‘ i*NNCl ©WOCKr-*
I MNCIW C -4 M©O W M > - <-*0 N ©CO-4 D Mff! f M O W -‘ C »M M I s
O 0CM**1* .© o o c i y » o o o !i * © c s i i ^ o o o c ) 0 ) C if i -c c i N © 0 ! L a
C WOc-j MO Ii MMM® O OMCWOM M**100O - ‘ 0 « -1 C —*—1 O O M
OCO OO
O •*! MO
I® I®
MM
OM
re tu rn s,
8 ,0 0 0
Mi
M own c o o * ! ■
MO' O .£*■> i^M OO® SO 1
U HO 1
C.MM1 O
O
MM00' M00 i O 'lM O t.O O 'lC 'lO O O O O i M MM «■*J© M ' 06M00 i 00 M o OO ■-»O 4- Q Q Q 00 O ‘ MM00 »-» O 1
e v e n in g .
B u t t o m a k e t h e t o t a l t h e c o m p l e t e fig u r e s f o r
t o -n ig h t ( F r id a y ) , w e a d d t h e it e m o f e x p o r ts fr o m th e U n ite d
S t a t e s , i n c l u d i n g in i t t h e e x p o r t s o f F r i d a y o n l y .
Stock at L o n d o n ----Stock at Manchester.
3
IS IE
fo llo w s .
^
O O
MMCS'
►-MC i 00MO
MM
at*
MM
C O T T O N to -n ig h t , a s m a d e
is a s
th is
c a
MM MM
I is | s Is i:
T H E V IS IB L E S U P P L Y O F
w e ll a s
MM
b
>—1»
I©
MM
Mb
iUCI
u p b y c a b le a n d
MM
MM
;i s
f
C
I I
K 5.
| ® |®
MM MM
MM
MM
MM
OO
q u e n tly
S
I®
MM
|® I ©
|®
MM MM MM
MM M |
I I
MM MM
MM MM
©ii-*
>,-*M
|®
I©
MM MM
MM
bb
- —
|®
MM
mo
o
o •£•
Ci £* ©100
|© | ©
MM MM
wS
I I
as
C
bb bb bb
>-*■*! ©i *•! h-Loo
I
MM
I 1
-2
A T T H E I N T E R I O R T O W N S t h e m o v e m e n t — t h a t is,
t h e r e c e ip ts fo r t h e w e e k a n d s in c e S e p t . 1 , t h e s h ip m e n ts
fo r th e w e e k a n d t h e s t o c k s t o -n i g h t , a n d t h e s a m e it e m s fo r
t h e c o r r e s p o n d i n g p e r i o d f o r t h e p r e v i o u s y e a r — is s e t o u t
in d e t a i l b e l o w .
i - g T s f T S 1 1s 1 1 s s 1s s I i f 1 l i l S l t a f 1
|3
g g 'g a
gg
gg
g « gg
MM MM
II
SI
05 )-| Q w rQ W g g p j
171
0
=S
T h e a b o v e t o t a l s s h o w t h a t t h e i n t e r io r s t o c k s h a v e de
th e w e e k 1 4 ,4 1 0 b a le s a n d a r e t o -n ig h t 1 4 ,5 4 8
b a l e s le s s t h a n
a t th e s a m e tim e la s t y e a r .
T h e r e c e ip t s
a t a l l t h e t o w n s h a v e b e e n 8 , 4 5 7 b a l e s le s s t h a n t h e s a m e
creased d u r i n g
w e e k la s t y e a r .
O VERLAN D
M OVEM ENT
FOR
TH E
W E E K
AND
S I N C E S E P T . 1 .— W e g iv e b e lo w a s t a t e m e n t sh o w in g
th e o v e r la n d m o v e m e n t fo r t h e w e e k a n d s in c e S e p t . 1 , a s
m a d e u p f r o m te le g r a p h ic r e p o r ts F r id a y n ig h t .
T h e r e s u lts
f o r t h e w e e k a n d s in c e S e p t . 1 in t h e l a s t t w o y e a r s a r e a s
fo llo w s :
------1908-09— —
J u ly 16—
S M vved —
Via
Via
Via
Via
Via
Via
Via
S in c e
S e p t. 1.
W eek .
664,G73
‘ ‘
304,125
30,694
84,846
49,251
185,769
276,568
St. Louis________ . ---------- 4,448
C a iro ------ ---------597
Hock Island_____ ____________
70
L ou isville___________________
852
Cincinnati- ___________________
534
Virginia points______________ 1.762
other routes, & c---------------978
.. 9,241 1,595,825
D ed uct shipm ents —
Overland to N. Y ., Bost
Between interior towns.
Inland, Ac., from South
Total to be deducted* *
872
347
1,892
108,260
66,266
73,619
144,418
48,276
53,207
- 2,103
245,901
3,111
248,145
7,138 1,349,924
6,595
887,521
..
Leaving total net o v e rla n d --___ _
9,706 1,135,666
726
702
675
* Including movement b y rail to Canada.
T h e fo r e g o in g s h o w s th e w e e k ’s n e t o v e r la n d m o v e m e n t
h a s b e e n 7 ,1 3 8 b a le s , a g a in s t 6 ,5 9 5 b a le s fo r t h e w e e k
la s t y e a r , a n d t h a t fo r th e se a so n to d a te th e a g g r e g a te n e t
o v e r la n d e x h ib its a n e x c e s s o v e r a y e a r a g o o f 4 6 2 ,4 0 3 b a le s .
------- 1908-09------- ---------- 1907-08------I n SiQht and S p in n er s ’
T a kin gs.
S in c e
W eek .
Receipts at ports to July 10______ 30,525
N et overland to July 1 6 _.__
7,138
Southern consumption to July 16.a50,000
S ep t. 1.
9,752,220
1,349,924
2,150,000
S ince
S ept. 1.
25,012 8,170,320
6,59 5
887,521
35,000 2,020,000
W e ek .
Total marketed________________ 87,663 13,252,153
Interior stocks In excess...............*14,410
23,172
66,607 11,077,841
*14,050
71,143
Came into sight during week . 73,253
______
Total In sight July 16______ __________ 13.275,325
52,557
-------______ 11,148,984
North, spinners’ takings to July 16 19,705 2.710,085
17,279 1,838.949
a These figures are not tlie takings by .Southern mills, but are estimates
of consumption based on information received from time to time during
the season and revised. If necessary, when complete returns arc received
at season’ s close. Reports from various sections of the South indicate
that takings by the mills have thus far this season been appreciably
heavier than during the corresponding period a year ago. but actual or
approximate data is not obtainable.
* Decrease during week.
M o v e m e n t i n t o s i g h t in p r e v i o u s y e a r s :
S in ce S ep t. 1—
W eek —
Ilales.
1907— Juty 1 0 ______ . - 38,621
1006— July 2 0 _____ _____ - 38,609
1905— July 21______________ 117,092
1901— July 22....................... 45,328
Bales.
190007— July 19...13,180,315
1905-06— July 20______
10,765,093
190105— July 21__13,015,508
1903-04— July 22............ 9,973,406
173
THE CHRONICLE
[VOL. L X X X IX .
N e w O r l e a n s , L o u i s i a n a . — There has been rain on four days
of the week, the precipitation reaching thirty-five hundredths
of an inch. The thermometer has averaged 85.
S h r e v e p o r t , L o u i s i a n a . — We have had no rain the past
week. Average thermometer 88, highest 100, lowest 75.
H e l e n a , A r k a n s a s . — There has been rain (sprinkles) on
C l o s in g Q u o t a t io n s f o r M i d d l i n g C o t to n o n —
three days of the week, the rainfall reaching fifteen hun
S a t ’d a y . M o n d a y . T u e s d a y . W e d ’ d a y . T h u r s d ’ y. F r i d a y .
J u l y 16 .
dredths of an inch; but more fell in the neighborhood.
G a l v e s t o n --------- 1 2 3 - 1 6
12 %
12 %
1 2 Vs
1 2 >4
12 %
L i t t l e R o c k , A r k a n s a s . — There has been rain on one day
12 0 -16
N e w O r le a n s .. . 1 2 5 .1 6
12 0 -16
12 %
12 %
1 2 ys
during the week to the extent of twenty-two hundredths of
12 %
12 %
M o b i l e __________ 1 2 %
12 H
12 %
12 3 4
12 7 -16
S a v a n n a h --------- 1 2 %
12 %
12 %
12 %
1 2 34
an inch. The thermometer has ranged from 70 to 95,
C h a r le s t o n ...
—
—
—
averaging 82.5.
W ilm in g to n — .
1 2 34
N o r fo lk
________ 1 2 M
1 2 34
1 2 34
1 2 34
M e m p h i s , T e n n e s s e e . — Weather favorable the past week,
12 3 4
12 .8 0
B o s t o n ------------- 1 2 . 7 0
13 .10
13 .15
13 .0 5
12 .0 5
and crops are steadily improving. Rain has fallen on two
B a l t i m o r e --------- 1 2 %
12 %
12 %
12 %
12 %
12 %
13 .3 5
P h ila d e lp h ia . . . 13 .0 5
13 .4 0
13 .2 0
13 .3 0
12 .7 5
days of the week, the rainfall being forty-nine hundredths of
12 %
12 %
A u g u s t a --------1 2 34
12 3 4
1 2 34
1 2 34
an inch. Average thermometer 82.3, highest 93.1, lowest
M e m p h i s ................ 1 2 %
12 %
12
12 %
1 2 34
1 2 34
S t . L o u i s ----------- 1 2 %
12 %
1 2 34
1 2 94
67.3.
12 3 4
12 3 4
H o u s t o n ----------- 1 2 %
12 %
12 %
12 3 4
1 2 34
12 %
N a s h v i l l e , T e n n e s s e e . — Conditions have improved the past
12
L i t t l e R o c k ------- 1 1 %
12
12
11%
12
week. It has rained on one day, the rainfall being eight
hundredths of an inch. The thermometer has averaged 79,
NEW ORLEANS OPTION M ARKET.— The highest, the highest being 90 and the lowest 68.
lowest and closing quotations for leading options in the New
M o b i l e , A l a b a m a . — Favorable weather in the interior,
Orleans cotton market for the past week have been as follows: except heavy rains in a few localities. Reports generally
indicate an improvement in the condition of cotton, but
S a t ’ d a y , M o n d a y , T u e s d a y , W e d 'd a y , T h u r s d ’ y, F r i d a y ,
there are complaints of small growth from most sections.
J u l y 10 . J u l y 12 . J u l y 1 3 . J u l y 14 . J u l y 15 . J u l y 16 .
It has rained on four days of the week, the precipitation
J u ly —
being one inch and sixty-two hundredths. The thermometer
R a n g e ----------- 1 2 . 4 6 — 1 2 . 5 2 - . 8 0 — @ .8 3 1 2 . 6 0 - . 6 8 1 2 - 5 4 - . 6 6 — @ 3 2
has averaged 83, ranging from 73 to.94.
C l o s i n g ----------- 1 2 . 4 5 - . 5 0 1 2 . 8 4 — 1 2 . 6 5 — 1 2 . 7 1 — 1 2 . 4 3 — 1 2 . 1 0 —
A u g u st—
M o n t g o m e r y , A l a b a m a . — Week’s weather favorable and
— — @ — 12 .0 1 - .4 0
1 2 .5 0 - .5 3 12 .C 0 - .7 8 1 2 .7 4 - .9 5
R a n g e -------. .
the cotton crop is improving. We have had rain on two
C l o s i n g ______
1 2 . 5 2 — 1 2 . 8 1 - . 8 5 1 2 . 6 4 - . 66 1 2 . 7 i - . 7 3 1 2 . 4 1 — 1 2 . 0 1 - . 0 2
S ep tem b er—
days during the week, the precipitation reaching ninety-eight
" R a n g e ----------- 1 2 . 4 4 - . 5 3 1 2 . O 2 - . 0 t — @ .0 0 1 2 . 6 0 - . 7 4 — 1 2 . 5 5 1 2 . 1 0 - . 3 7
hundredths of an inch. The tnermometer has ranged from
C l o s i n g ................ 1 2 . 5 3 - . 5 4 1 2 . 0 0 - . 0 2 1 2 . 0 9 - . 7 2 1 2 . 7 2 — 1 2 . 4 0 — 1 1 . 9 9 —
O c to b e r —
70 to 94, averaging 80.
R a n g e ----------- 1 2 . 3 3 - . 4 3 1 2 . 1 2 - .8 0 1 2 . 5 0 - . 9 3 1 2 . 4 5 - . 7 3 1 2 . 3 4 - . 5 5 1 1 . 9 0 - . 3 2
S a v a n n a h , G e o r g ia . — We have had rain on two days
C l o s i n g ----------- 1 2 . 4 2 - . 4 3 1 2 . 7 9 - , 8 0 1 2 . 0 1 - . 6 2 1 2 . 6 7 - . 6 8 1 2 . 3 1 - . 3 5 1 1 . 9 1 - . 9 2
N o vem b er—
during the week, the rainfall reaching twenty-three hun
R a n g e ------- . — @ — — @ — — @ — — @ — — @ — 1 1 . 9 0 —
dredths of an inch. The thermometer has ranged from
C l o s i n g --------. 1 2 . 4 0 - . 4 3 1 2 . 7 7 — 1 2 . 5 9 - . 6 1 1 2 . 6 5 - . 6 7 1 2 . 3 3 — l l . 9 0 - . 9 2
D ecem b er—
68 to 92, averaging 79.
R a n g e ----------- 1 2 . 3 5 - . 4 5 1 2 . 4 4 - . 8 2 1 2 . 5 9 - . 0 1 1 4 . 4 5 - . 7 3 1 2 . 3 4 - . 5 6 1 1 . 9 1 - . 3 3
C h a r le s to n , S o u t h C a r o l i n a . —-It has rained on one day of
C l o s i n g _______ 1 2 . 4 4 - . 4 5 1 2 . 8 0 - . 8 1 1 2 . 6 1 - . 6 2 1 2 . 6 8 - . 6 9 1 2 . 3 4 - . 3 5 U . 9 1 - . 9 2
the week, the rainfall being one hundredth of an inch.
Ja n u a r y —
1 2 .3 6 - .4 8 12 .4 G - .8 3 12 .6 0 - .0 0 1 2 .4 6 - .7 3 1 2 .3 6 - .5 7 1 1 . 9 2 - . 3 5
R a n g e -------Average thermometer 79, highest 89, lowest 69.
1 2 .4 5 - .4 6 1 2 .8 2 - .8 3 1 2 .6 3 - .6 4 12 .6 8 - .6 0 1 2 .3 6 - .3 7 1 1 .9 2 - .9 3
C l o s i n g ______
C h a r lo tte , N o r t h C a r o l i n a . — Crops are looking splendid.
M a rc h —1
2
.
8
1
.
0
1
1
2
.
5
5
.
8
2
1
2
.
5
3
.
0
1
1
2
.
4
2
.
5
4
1
2
.
4
4
.
6
5
R a n g e _______
12 .0 0 - .4 1
We have had rain during the week, the precipitation being
C l o s i n g _______ 1 2 . 5 3 - . 5 5 1 2 . 0 0 - . 9 1 1 2 . 7 1 - . 7 2 1 2 . 7 8 - . 7 9 1 2 . 4 4 - . 4 5 1 2 . 0 2 —
fifty-two hundredths of an inch. The thermometer has
T o n e —Firm.
S te ad y .
Firm.
S te ad y .
Finn.
Quiet.
S p o t __________
averaged 78, ^he highest being 90 and the lowest 65.
S t e a d y . B a 'l y s t y
E asy.
Firm.
S te ad y .
Options___
S te ad y .
The following statement we have also received by tele
graph, showing the height of rivers at the points named at
W EATHER REPORTS BY TELEGRAPH.— Our tele 8 a. m. of the dates given:
graphic reports this evening indicate that in Texas dry
J u l y i s io o o . J u l y 1 7 l o o i .
weather and high temperatures have prevailed, which, it is
F ee t.
F eet.
13 .7
17 .8
claimed, are causing deterioration in the crop. Elsewhere N e w O r l e a n s ------------------ A b o v e z e r o o f g a u g e .
e m p h i s ------------------------ A b o v e z e r o o f g a u g e .
2 0 .6
2 2 .8
at the South the weather has been favorable as a rule and M
N a s h v i l l e ------------------------ A b o v e z e r o o f g a u g e .
16 .0
8 .4
2 .7
13 .1
S h r e v e p o r t ---------------------A b o v e z e r o o f g a u g e .
improvement in the crop is quite generally reported.
V i c k s b u r g -----------------. . A b o v e z e r o o f g a u g e .
3 6 .4
3 0 .0
G a lveston , T e x a s . — The continued dry weather and high
temperature in Texas are reported to be causing serious
INDIA COTTON MOVEMENT FROM ALL PORTS.
deterioration in the crop. We have had no rain the past
week. Average thermometer 84, highest 88, lowest 79.
J u ly 15 .
19 0 8 -0 9 .
19 0 7 -0 8 .
19 0 6 -0 7 .
A b i l e n e , T e x a s . — We have had light rain on one day
R e c e ip t s a t — •
| S in c e
I S in c e
S in c e
during the week, the precipitation being thirty-two hun
W eek. 1 S ep t. 1 .
W eek, i S e p t. 1 .
W eek. S ep t. 1.
dredths of an inch. The thermometer has averaged 87, the
B o m b a y ...........................
9 ,0 0 0 2 , 0 7 5 , 0 0 0
1 4 ,0 0 0 1,9 9 3 ,0 0 0 3 5 ,0 0 0 2 ,9 8 2 ,0 0 0
highest being 104 and the lowest 70.
B ren h a m , T e x a s . — We have had no rain during the week.
The thermometer has averaged 82, ranging from 75 to 100.
F o r th e W e e k .
S in c e S ep tem b er 1 .
C o r p u s C h ris ti, T e x a s . — We have had no rain during the
E x p o r ts fro m —
G reat
G rea t
C o n t i
C o n t i
week. The thermometer has ranged from 76 to 90, aver
T o t a l.
n en t.
B r ita in . n en t.
T o t a l. B r i t a i n .
aging 83.
C u ero , T e x a s . — It has been dry all the week. Average B o m b a y —
2 3 ,0 0 0
5 6 8 ,0 0 0
6 ,0 0 0
6 ,0 0 0
5 9 1,0 0 0
1 9 0 8 - 0 9 ......... ..............
thermometer 88, highest 102, lowest 73.
6 15 ,0 0 0
2 8 ,0 0 0
5 ,0 0 0
5 ,0 0 0
6 4 3 ,0 0 0
1 9 0 7 - 0 8 ____________
_____
3 ,0 0 0
6 3 ,0 0 0 1 , 1 1 8 , 0 0 0 1 , 1 8 1 , 0 0 0
3 ,0 0 0
1 9 0 6 - 0 7 ----------------D a lla s , T e x a s . — There has been no rain during the week.
C a lc u tta —
The thermometer has averaged 90, the highest being 104
_____
_____
_____
5 ,0 0 0
4 0 ,0 0 0
4 5 ,0 0 0
1 9 0 8 - 0 9 ......... ..............
5 ,0 0 0
2 5 ,0 0 0
. ..
3 0 ,0 0 0
1 9 0 7 - 0 8 ____________
and the lowest 75.
_____
8 ,0 0 0
13 7 ,0 0 0
8 ,0 0 0
8 ,0 0 0
14 5 ,0 0 0
1 9 0 6 - 0 7 . . ............... ..
F o r t W o r th , T e x a s . — There has been no rain during the M a d r a s —
_____‘
4
,
0
0
0
2
5
,
0
0
0
3 ,0 0 0
3 ,0 0 0
week. The thermometer has averaged 91, ranging from
2 9 ,0 0 0
1 9 0 8 - 0 9 ____________
_____
. .
..
6 ,0 0 0
2 7 ,0 0 0
3 3 ,0 0 0
1 9 0 7 - 0 8 ____________
78 to 104.
_____
5 ,0 0 0
4 ,0 0 0
2 8 ,0 0 0
4 ,0 0 0
3 3 ,0 0 0
1 9 0 6 - 0 7 ........................
H en rietta , T e x a s . — We have had no rain the past week. A l l o t h e r s —
2 2 ,0 0 0
9 ,0 0 0
2 8 5 ,0 0 0
2 ,0 0 0
7 ,0 0 0
3
0
7 ,0 0 0
1
9
0
8
0
9
..................
..
The thermometer has ranged from 71 to 106, averaging 89.
2 0 ,0 0 0
_____
8 ,0 0 0
2 4 7 ,0 0 0
8 ,0 0 0
2 6 7 ,0 0 0
1 9 0 7 - 0 8 .......................
11 ,0 0 0
H u n tsv ille, T e x a s . — It has been dry all the week.
Ave age
5 ,0 0 0
2 1 9 ,0 0 0
—
5 ,0 0 0
2 3 0 ,0 0 0
1 9 0 6 - 0 7 ____________
thermometer 87, highest 99, lowest 74.
T o ta l a ll—
K e r r v ille , T e x a s . — We have had no rain during the week.
5 4 ,0 0 0
18 ,0 0 0
1 6 ,0 0 0
9 1 8 ,0 0 0
2 ,0 0 0
1 0 0 8 - 0 9 .....................
9 7 2 ,0 0 0
5 0 ,0 0 0
13 ,0 0 0
_____
13 ,0 0 0
9 1 4 ,0 0 0
1 9 0 7 - 0 8 ........................
9 7 3 ,0 0 0
The thermometer has averaged 84, the highest being 99 and
8 7 ,0 0 0 1 , 5 0 2 , 0 0 0 1 , 5 8 9 , 0 0 0
2 0 ,0 0 0 2 0 ,0 0 0
—
1 9 0 6 - 0 7 . ....................
the lowest 68.
L a m p a s a s , T e x a s . — It has been dry all the week. The
ALEXAND RIA RECEIPTS AND SHIPMENTS.
thermometer has averaged 90, ranging from 74 to 105.
L o n g v ie w , T e x a s . — No rain all the week. The thermom
eter has ranged from 73 to 106, averaging 90.
A le x a n d r ia , E g y p t,
10 0 8 -0 9 .
19 0 7 -0 8 .
J u l y 14 .
19 0 6 -0 7 .
L u lin g , T e x a s . — Dry all the week.
Average thermometer
90, highest 103, lowest 76.
R e c e ip t s ( c a n t a r s ) —
1,5 0 0
7 ,0 0 0
T h i s w e e k _____________
1,10 0
N a c o g d o ch es, T e x a s . — There has been no rain during the
6 ,6 7 2 ,6 0 7
7 ,15 3 ,5 3 2
S i n c e S e p t . 1 ____________
6 ,8 5 9 ,1 7 9
week. The thermometer has averaged 85, the highest being
98 and the lowest 72.
T h is
T h is ! S in c e
S in c e
P a le s tin e , T e x a s . — We have had no rain the past week.
T h is
S in c e
W eek. S e p t . 1 . W eek. S e p t . 1 . W eek. S e p t . l .
E x p o r t s ( b a le s ) —
Thermometer has averaged 86, ranging from 74 to 94.
P a r is , T e x a s . — We have had no rain during the week.
2 , 7 5 0 2 2 4 ,8 9 7
3 .0 Q 0 2 1 4 , 3 4 7
T o L i v e r p o o l _______________ 2 .0 0 0 1 9 1 , 2 6 4
4 .2 5 0 2 0 6 ,4 9 1
5 .0 0 0 2 1 2 , 4 3 9
T o M a n c h e s t e r ........................
2 0 1,7 15
The thermometer has ranged from 74 to 105, averaging 90.
7 ,0 0 0 3 5 9 , 2 1 7
f , 6 o o '3 4 4 ,4 4 0
T o C o n t i n e n t ........................... 2 , 5 0 0 3 5 2 , 9 1 8
S a n A n to n io , T e x a s . — We have had no rain the past week.
7 3 ,4 4 1
8 8 ,8 5 4
3 .2 5 0
800 1 11 4 ,5 3 2
T o A m e r i c a . .............................. 1 , 7 5 0
Average thermometer 87, highest 100, lowest 73.
4 , 8 0 0 j8 7 5 , 0 4 3
T o t a l e x p o r t s ..................... 1 1 , 2 5 0 8 4 5 , 4 7 5 1 7 , 2 5 0 8 6 4 ,0 4 6
T a y lo r , T e x a s . — We have had no rain during the week.
Thermometer has averaged 87, highest being 100 and the
N o t e .— A c a n t a r Is 9 9 l b s . E g y p t i a n b a l e s w e i g h a b o u t 7 5 0 l b s .
, owest 74.
W ea th erfo rd , T e x a s .— Dry all the week. The thermom
The statement shows that the receipts for the week were
eter has averaged 91, ranging from 76 to 106.
1,500 cantars and the foreign shipments 11,250 bales.
QUOTATIONS FOR MIDDLING COTTON AT OTHER
M ARKETS.— Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
J u l y 17 19 09. j
W ORLD’S SUPPLY AND TAKINGS OF COTTON.
C o tto n T a k in g s .
W eek an d Seaso n .
19 0 8 -0 9 .
W eek..
T o ta l s u p p ly .
The official quotation for middling upfand cotton in the
New \ork market each day for the past week has been:
19 0 7 -0 8 .
Season.
W eek.
Season.
V i s i b l e s u p p l y J u l y 9 _____________ 2 , 9 7 0 , 2 7 0
2 ,4 0 9 ,9 7 0
V i s i b l e s u p p l y S e p t . 1 ____________
1,7 14 ,9 8 2
2 ,2 9 1,8 4 4
A m e r i c a n In s i g h t t o J u l y 1 6 ___
7 3 ,2 5 3 13 ,2 7 5 ,3 2 5
5 2 ,5 5 7 1 1 ,1 4 8 ,9 8 4
B o m b a y r e c e i p t s t o J u l y 1 5 _____
9 .0 0 0 2 . 0 7 5 , 0 0 0
1,9 9 3 ,0 0 0
14 ,0 0 0
O th e r In d ia s h lp ’ts to J u l y 1 5 . .
12 ,0 0 0
3 8 1.0 0 0
3 3 0 .0 0 0
8 ,0 0 0
A le x a n d r la re c e ip ts to J u l y 14 _ _
400
8 8 9 ,7 0 0
9 5 4 .0 0 0
1,0 0 0
O t h e r s u p p l y to J u l y 1 4 * ________
3 .0 0 0
19 0 .0 0 0
2 4 7 .0 0 0
2 ,0 0 0
M i d d li n g
u p la n d s
V is ib le s u p p ly J u l y
16 ~ *
S at.
..................... 1 2 . 8 0
M on13 .1 0
T u es13 .15
V V ed . T h u r s .
13 .0 5
1 2 .9 5
F ri.
12 .5 0
NEW Y ORK QUOTATIONS FOR 32 YEARS.
12 .5 0 | 1 9 0 1 . c . . . - .
1 1 . 0 0 1 9 0 0 ______ . .
1 2 . 8 5 1 8 9 9 ______ . .
1 1 . 0 0 1 8 9 8 ______ . .
1 0 . 6 5 1 8 9 7 ______ . .
1 1 . 0 0 1 8 9 6 ______ . .
1 2 . 7 0 1 8 9 5 ______ . .
9 . 3 1 1 8 9 4 ______ - -
19 0 6 .
3 ,0 6 7 ,9 2 3 1 8 ,5 2 6 ,0 0 7 2 ,4 8 7 ,5 2 7 16 ,9 6 4 ,8 2 8
D ed u ct—
173
THE CHRONICLE
8 .4 4
9 .8 1
6 .19
6 .19
8 .0 0
7 .0 6
7 .0 0
7 .12
| 18 9 3 .C . .
1 8 9 2 _____
1 8 9 1 _____
18 9 0
.
1 8 8 9 ______
1 8 8 8 ............
18 8 7 . . . .
1 8 8 6 ............
___ 8 . 1 9 1 1 8 8 5
. . 7 .2 5 18 8 4 .
. . 8 .3 8 18 8 3 .
- 1 ^ .0 0
- .1 1 .2 5 18 8 1.
- .1 0 .5 0 18 8 0 .
..1 0 . 3 8 18 7 9 .
. . 9 .5 0 1 8 7 8 .
M ARKET AND SALES AT NEW Y O R K .
1 6 ______
2 ,8 0 2 ,6 8 4
T o t a l ta k in g s to J u l y 1 6 .
O f w h ic h A m e r i c a n ___
O f w h ic h o t h e r _________
2 ,8 0 2 ,6 8 4 2 , 2 8 0 , 4 2 7
2 6 5 ,2 3 9 1 5 ,7 2 3 ,3 2 3
2 0 7 ,8 3 9 1 2 ,1 6 0 ,6 2 3
5 7 ,4 0 0
3 ,5 6 2 ,7 0 0
2 ,2 8 0 ,4 2 7
2 0 7 .10 0 14 .6 8 4 .4 0 1
13 9 .10 0 1 1 .0 7 1 .4 0 1
6 8 ,0 0 0 3 , 6 1 3 , 0 0 0
F u tu res
M a rk et
C lo s e d .
M ark et
C lo s e d .
Spot
S a t u r d a y ..
M o n d a y ___
T u esd ay . .
W ed n esd ay
T h u rsd ay .
F r i d a y _____
Q u ie t ,
Q u ie t,
Q u ie t,
Q u ie t,
Q u ie t,
Q u ie t,
10 p ts . a d v
3 0 p ts. a d v
5 p ts. a d v .
10 p ts. d ec
10 p ts . d ec
45 p ts. d ec
S a le s o f S p o t a n d C o n tra c t.
Con- Con
S p o t . s u m 'n . tr a c t .
T o t a l.
. . F i r m _________
. . F i r m ..................
. . S t e a d y _______
..V e r y ste a d y .
. . W e a k _________
..B a r e ly ste a d y
l f , 5 0 0 1 1 ,5 6 6
— .Tames W. Riggs, a veteran writer in the commercial
: : ::
world, and for many years connected with this newspaper,
f.o d o
Food
5
2
5
died on Tuesday in the 82d year of his age. Mr. Riggs had
F .6 6 6
1,5 2 5
700
700
an intimate and broad grasp of the markets, both financial
. , __a _
T o t a l..
and commercial, always wrote without bias, and never
1 3 900
slighted his work. He was among the pioneers in his line,
and in the early days of the markets, when statistical infor ™ J2:P 0R T S 0 F BREADSTUFFS, PROVISIONS, COT
mation was sadly lacking, devoted much thought and time TON AND PETROLEUM.— The exports of these articles
to supplying the omission. The various grain tables which during the month of June, and the twelve months, for the
the New York Produce Exchange publishes each week were past three years, have been as follows:
many of th.em originally formulated by him. At one time
E x p o rts
19 0 8 -0 9 .
or another he was on the staff of the “ Courier and Enquirer,”
19 0 7 - 0 8 .
19 0 6 - 0 7 .
m
the “ World” and the “ Sun,” and for about a quarter of a U n itefro
d S la te s.
Ju n e .
1 2 M o n th s.
Ju n e .
1 2 • M o n th s
Ju n e .
1 2 M o n th s.
century he was also the New York correspondent of the
j
Manchester “ Guardian.” He served for a decade as a mem WQhueaanttities,
..b u s h
6 8 6 ,0 6 3 6 5 , 4 7 9 , 3 1 1 4 , 8 3 8 ,6 1 6 1 0 0 , 2 1 2 , 1 6 1 3 , 7 2 0 , 1 4 4 7 4 ,8 19 ,0 4 9
ber of the Brooklyn Board of Education and was a dele F lo u r — b b ls 4 5 5 .7 3 8 10 ,4 6 3 ,7 0 9
9 3 9 ,4 0 2 1 3 , 8 7 5 , 3 5 7 1 , 4 6 4 , - 3 1 1 5 , 4 9 1 , 1 7 7
gate to the Constitutional Convention of 1894. He leaves W h e a t * ,_ b u
two sons, Oscar W. Riggs, who has won spurs in the same C o rn . . b u s h . 2 ,768366,8,1 85 54 ' 1 1325,,5261 36 ,,204001 9 ,07 06 51 ,7,95205. 1 65 12,,761551,,12066S 1 05 ,, 34 08 93 ,,1781 13 !1 48 42 ,5,3 29 92 ,3,3 43 25
line of work as- his father, and Edward G. Riggs, who has
T o t a l b u sh . 3 ,4 2 3 ,0 3 9 1 4 7 ,7 7 9 ,2 4 1 9 ,7 6 7 ,6 7 9 2 1 4 , 3 6 6 , 374 j 15 ,7 9 2 ,8 9 4 2 2 6 ,9 2 1 ,6 7 7
attained distinction as a political writer on the “ Sun.”
MANCHESTER M ARKET.— Our report received by
cable to-night from Manchester states that the market is
firm for yarns and quiet for shirtings. Merchants are not
willing to pay present prices. We give the prices for to-day
below and leavo those for previous weeks of this and last
year for comparison.
19 0 9 .
C op
T w ist.
d.
Ju n e
4 8
11 8
18 8H*
25 S X
Ju ly
2 m
9
1 6 9)4
la g s , com m on
to fin e s t.
d. s.
@
@
@
@
@
19 0 8 .
834 lb s. S h irt - C ot'n
32s
8M
4
4
HJ4 4
9
4
d.
9
9
9
9
s.
@8
@8
@8
@8
MM.
U p l ’s
d.
d.
d.
10 )4
10 )4
11
11
5 .8 3
5 .8 3
5 .9 6
6 .0 6
m
m
HH
S'H
0
9 )4 4 10
©9
9 % 4 10 )4 © 9
4 11
@9
IJ4
3
T o t a l v a l u e ^ l , 3 7 5 ,6 2 5 ^ 3 3 ,9 7 7 ,4 1 6 4 7 ,9 4 5 ,9 7 7 9 4 3 ,7 3 2 ,0 4 5 4 9 ,9 0 8 ,0 6 8 .9 4 8 ,2 6 8 ,9 8 4
C op
T w ist.
32s
d. s
©
©
@
©
d.
s.
9^ 5
9H 5
H 5
9M 5
13 4
1)4
134
1) 4
9«
954
1
@8
034 @ 8
0
@8
9
6 .3 3 m
©
6 .7 5 8 9 - 16 @
6 .7 2 834
©
M id .
U p l’s
tu b s, com m on
to fin es t
5
5
9 34 5
©8
©8
© 8
@8
d.
d.
3
3
3
3
6 .5 1
6 .5 8
6 .7 0
6 .5 5
3
2
13 4
6 .2 7
6 .3 4
6 .1 0
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:
O c t. 1 to J u l y 1 .
G reat B r ita in .
F o r 19 0 8 -0 9 .
T a k i n g s b y s p i n n e r s . ____ b a l e s .
A v e r a g e w e i g h t o f b a l e s ____ l b s .
T a k i n g s In p o u n d s ________________
2 ,8 8 1 ,0 0 0
5 10
1,4 6 9 ,3 10 ,0 0 0
C o n t in e n t .
According to the above, the average weight of the deliv
eries in Great Britain is 510 pounds per bale this season,
against 506 pounds during the same time last season. The
Continental deliveries average 485 pounds, against 481
pounds last year, and for the whole of Europe the deliveries
average 494.2 pounds per bale, against 490.7 pounds last
season. Our dispatch also gives the full movement for
this year and last year in bales of 500 pounds.
O ct. 1 to J u l y 1 .
B a l e s o r 5 0 0 lb s . e a c h .
0 0 0 s o m it t e d .
19 0 8 -0 9 .
G reat C o n ti
B r it a in n e n t .
19 0 7 -0 8 .
G r e a t C o n t i
T o t a l. B r i t a i n n e n t .
T o t a l.
S p i n n e r s ’ s t o c k O c t . 1 ______
T a k i n g s t o J u l y 1 ---------------
308
2 ,9 3 9
1,0 4 6
4 ,8 12
1,3 5 4
7 ,7 5 1
307
3 ,0 4 7
1,0 8 0
4 ,6 14
1,4 5 6
7 ,6 6 1
S u p p l y --------------------------------C o n s u m p t i o n , 3 9 w e e k s -----------
3 ,2 4 7
2 ,8 3 0
5 ,8 5 8
4 ,2 9 0
9 ,10 5
7 ,1 2 0
3 ,4 14
3 ,0 0 2
5 ,7 0 3
4 12 9 0
0 ,1 1 7
7 ,2 9 2
S p i n n e r s ’ s t o c k J u l y 1 ..................
4 17
1,5 6 8
1,9 8 5
4 12
1,4 13
1,8 2 5
*30
60
78
80
80
80
80
80
80
110
110
110
110
110
110
110
n o
no
14 0
17 0
18 8
19 0
10 0
19 0
19 0
19 0
19 0
* S m a l l c o n s u m p t i o n d u e t o l o c k o u t In L a n c a s h i r e .
E G Y P T IA N
o f B o sto n ,
Ju n e 22 a s
C O T T O N
R E P O R T .— F r . Ja c .
h a v e a d v ic e s
fo llo w s :
fro m
A le x a n d r ia
A n d res
u n d er
78
78
78
78
78
78
78
78
68
110
110
n o
n o
110
110
110
110
n o
18 8
18 8
18 8
18 8
18 8
18 8
18 8
18 8
17 8
I n c .,
d a te
of
O u r c r o p Is p r o c e e d i n g r e g u l a r l y a n d u p t o t h e p r e s e n t t h e r e a r e n o c o m p la ln t s , b u t a ll w ill d e p e n d o n t h e I n t e n s ity o f th e fo g s b e tw e e n A u g u s t
a n d O c to b er.
A n o t h e r p o i n t t h a t s h o u l d n o t b e o v e r l o o k e d Is t h a t t h e
G o v e r n m e n t o f f i c i a l l y d e c l a r e s a r e d u c t i o n In a c r e a g e o f 1 7 0 , 0 0 0 a c r e s ,
i e l S S t I 1 t r u e - w111 c u r t a i l o u r c r o p b y 5 0 0 ,0 0 0 t o 6 0 0 ,0 0 0 c a n t a r s , o r a b o u t
7 o ,0 0 0 b a l e s .
A n o t h e r q u e s t i o n o f I n t e r e s t Is t h e r is e o f t h e N i le .
A lt h o u g h
t h e r e Is n o f e a r o f I n u n d a t i o n , t h e r e Is a l w a y s t h e d a n g e r t h a t t h e c o n t i n u e d
r is e o f t h e N i le w ill p r o d u c e m o r e h u m i d i t y t h a n t h e p l a n t s , I n c l u d i n g t h e
a b u n d a n t I r r i g a t i o n , c a n s t a n d ; In c o n s e q u e n c e , t h e r o o t s w ill b e b o u n d
to s u ffe r a n d th e p la n t s a s w e ll.
T h e r e d u c t i o n In a c r e a g e Is In c o n s e q u e n c e
o f m u c h l a n d h a v i n g b e e n p la n t e d w i t h s u g a r c a n e , t h e s u g a r r e f i n e r i e s
p a y i n g p la n t e r s in a d v a n c e a s a n I n d u c e m e n t t o p l a n t c a n e I n s t e a d o f
co tto n .
C o n s i d e r a b l e l a n d w a s a l s o p la n t e d w i t h f o o d s t u f f s .
N E W S .— A s
e x p o rts o f co tto n
reach ed
u p fro m
3 2 ,6 6 3
fro m
th e
b a le s .
m a il a n d
sh ow n
U n ite d
T h e
on
a
p r e v io u s
p age,
th e
S ta te s th e p a s t w eek h a v e
s h ip m e n ts
in
d e ta il,
a s
m ad e,
t e le g r a p h ic r e t u r n s , a r c a s fo llo w s :
Y O R K — T o L i v e r p o o l — J u l y 9 — C e d r i c , 2 , 3 9 3 u p l a n d , l S ^ S e a b ttle S '
I s l a n d ______ _________________________ __________________
2 4 11
T o .M a n c h e s t e r — J u l y 9 — T i t i a n , 3 6 5 u p l a n d , 1 5 0 S e a T s I a n d l l l
’5 15
T o B r e m e n — J u l y 1 4 — P r i n z F r i e d r i c h W i l h e l m , 1 , 0 4 5 ______ . . 1 , 0 4 5
T o B a r c e l o n a — J u l y 1 0 — • G a l l i a , 1 , 3 7 5 ___ ________________________ __ 1 ,3 7 5
T o G e n o a — J u l y 9 — K o e n l g e n L u l s c , 1 , 3 6 9 _______________
1,3 6 9
G A L V E S T O N - * - T o B r e m e n — J u l y 1 2 — H a n n o v e r , 4 ,5 9 2 _
4 ,5 9 2
T o G o t h e n b u r g — J u l y 1 4 — N o r u e g a , 2 0 0 ........................... ............................
200
T E X A S C I T Y — T o M e x i c o — J u l y 1 2 — N o r h e i m , 1 , 2 7 0 _______
1,2 7 0
N E W O R L E A N S — T o B e lf a s t — J u l y 1 2 — C a r r ig a n H e a d , 1 , 2 3 2
1,2 3 2
T o B r e m e n — J u l y 1 3 — A t l a n t i a n , 5 , 0 0 0 ......................................
5 ,0 0 0
T o A n t w e r p — J u l y 1 0 — .M a d a w a s k a , 2 6 8 . . . J u l y 1 3 — A t l a n t i a n ,
6 0 0 ___________________ ________ _________________________________
Reg
T o O p o r t o — J u l y 1 3 — B a n k F o r t u n a , 1 0 0 ___________________
100
M O B I L E — T o L iv e r p o o l— J u l y 1 0 — W a n d e re r, 5 0 2 . .
.
.
502
T o B re m e n — J u l y 1 3 — In k u m , 1,3 4 8
____________
_
1348
T o H a m b u r g — J u l y 1 3 — I n k u m , 1 , 2 5 0 ______________________ ________ 1 , 2 5 0
P E N S A C O L A — T o L i v e r p o o l — J u l y 1 4 — G r a c i a , 3 , 0 5 0 _____________ . 3 , 0 5 0
T o H a v r e — J u l y 1 3 — A u g u s t B e l m o n t , 2 , 9 0 0 . . . _______ ___________ 2 , 9 0 0
T o B r e m e n — J u l y 1 3 — A u g u s t B e l m o n t . 2 , 8 9 8 ____________________ 2 .8 9 8
S A V A N N A H — T o R o t t e r d a m — J u l y 1 6 — A s i a , 7 1 ______________________
71
N O R F O L K — T o H a m b u r g — J u l y 1 3 — B a d e n l a , 3 4 ______________________
34
38
B O S T O N — T o L i v e r p o o l — J u l y 1 3 — S a x o n l a , 3 8 ____________________
T o S t . J o h n — J u l y 8 — C a l v i n A u s t i n , 5 7 _____________________________
57
B A L T I M O R E — T o L i v e r p o o l — J u l y 9 — U l s t e r m o r e , 5 3 8 _______________
538
NEW
T o ta l
......................................................................- ..................................... - ..................................3 2 , 6 6 3
The particulars of the foregoing shipments for the
arranged in our usual form, are as follows:
G r e a t F r e n c h G e r - — O t h .E u r o p e — M e x . ,
B r i t a i n , p o r t s , m a n y . N o r t h . S o u t h . <fee. J a p a n .
W e e k ’s C o n s u m p t io n ,
0 0 0 s o m it t e d .
O c t o b e r ______________________
N o v e m b e r _______ _______ D e c e m b e r ____________________
J a n u a r y ______________________
l eb ru ary
. . __________
M arch
______
A p r il
....
M ay
Ju n e . .
* In c lu d in g flo u r re d u c e d to b u sh e ls.
, ’Y ,°'<’ v r AI1 th e a b o v e fl« u re s lire b a se d on th e m o n th ly r p e llm ln a r y re tu rn s Issu e d
b y th e B u r e a u o f S t a t is t ic s , a n d c o v e r a b o u t 9 6 % o f th e t o t a l e x p o r t s .
S H IP P IN G
4 ,9 6 1,0 0 0
7 ,8 12 ,0 0 0
‘18 5
4 9 4 .2
1 , 4 0 6 ,0 8 5 , 0 0 0 3 , 8 7 5 , 3 9 5 , 0 0 0
F o r 19 0 7 -0 8 .
T a k i n g s b y s p i n n e r s ____ . b a l e s .
3 ,0 10 ,0 0 0
4 , 7 9 6 ,0 0 0
7 ,8 0 6 ,0 0 0
A v e r a g e w e ig h t o f b a l e s . . . . l b s .
50 6
481
4 9 0 .7
T a k i n g s In p o u n d s ________________ 1 , 5 2 3 , 3 6 0 , 0 0 0 2 , 3 0 6 , 8 7 6 , 0 0 0 3 , 8 3 0 , 2 3 6 , 0 0 0
In
In
In
In
In
In
In
In
In
V a lu e s.
W h e a t & H ou r 3 ,4 9 4 ,7 6 2 11 7 ,5 4 8 ,2 4 6 8 ,9 7 0 ,6 1 2 1 6 3 , 5 2 5 , 9 5 3 1 9 , 2 5 3 , 3 0 1 1 2 0 ,5 6 8 ,7 2 3
C o rn a n d m e al
7 5 2 ,2 7 2 2 6 , 2 3 1 , 7 1 3
4 9 4 ,2 3 7 3 5 , 4 3 1 , 2 3 7 ' 3 ,4 5 4 ,6 9 4 ' 4 6 ,0 4 5 ,5 3 6
O a ts a n d m e a l
2 7 ,14 4
1 , 2 7 9 ,6 2 2
7 4 ,7 13
1,2 9 1,3 7 9
18 5 ,2 6 8 ] 2 , 7 2 1 , 7 5 4
3 1,9 16
B a r l e y ..............
4 ,5 4 4 ,4 7 6
2 1 ,9 3 6 ! 2 ,9 18 ,0 5 9 ]
9 7 ,1 6 9 '
4 ,3 4 9 ,9 6 0
7 ,7 3 5
R y e ...................
1,0 4 9 ,1 5 9 !
3 9 ,1 5 9
2 ,18 4 ,13 1,
14 0 ,4 7 9
5 6 1 ,8 2 3
N e w Y o r k ______ 2 ,9 2 6
G a l v e s t o n ______
_____
T e x a s C i t y ______
_____
N e w O r l e a n s ___ 1 , 2 3 2
M o b i l e ..................
502
P e n s a c o l a ______ 3 , 0 5 0
S a v a n n a h ______
_____
B o s t o n ..............
38
B a l t i m o r e ______
538
N o r f o l k _________
_____
T o t a l ..................
8 ,2 8 6
1,0 4 5
4 ,5 9 2
5 ,6 6 6
2 ,5 9 8
2 ,8 9 8
2 ,9 0 0
16 ,16 7
2 ,7 4 4
2 ,8 4 4
,
T o t a l.
6 ,7 15
4 ,7 9 2
1,2 7 0
7 ,2 0 0
3 ,1 0 0
8 ,8 4 8
71
95
538
34
868
1,13 9
w ee k
1,3 2
3 2 ,6 6 5
THE CHRONICLE
174
I The exports to Japan since Sept. 1 have been 160,501 bales
from Pacific ports, 600 bales from New Orleans and 34,252
bales from New York.
at New York the past week have been as
is being in cents per 100 lbs.:
L i v e r p o o l --------------M a n c h e s t e r ------------H a v r e --------------------B r e m e n ------------------H a m b u r g ......................
Antwerp --------------
G h e n t, v ia A n tw e rp
R e v a l ----------------------G o t h e n b u r g ----------B a r c e lo n a , d i r e c t ..
G e n o a --------------------T r i e s t e --------------------J a p a n — ..................... -
T h u rs.
14
10
14
18
2 2 )4
18
26
28
30
20
18
25
45
14
10
14
18
2 2 )4
18
26
28
30
20
18
25
45
14
10
14
18
2 2 )4
18
26
28
30
20
18
25
45
14
10
14
18
2 2 )4
18
26
28
30
20
18
25
45
14
10
'lri
14
18
2 2 )4
18
26
28
30
20
18
25
45
W ed.
T ues.
M o il.
sa t.
Fr .
14
10
14
18
2 2 )4
18
26
28
30
20
18
25
45
LIVERPOOL.-—By cable from Liverpool we have the folof the week’s sales, stocks, &c ., at that port
Ju n e 25.
..
4 5 ,0 0 0
1,0 0 0
O f w h i c h s p e c u l a t o r s t o k _._.
1,0 0 0
O f w h ic h e x p o r t e r s t o o k . . .
4 0 ,0 0 0
S a l e s , A m e r i c a n .................. ...........
6 ,0 0 0
A c t u a l e x p o r t - .......................... . .
6 0 ,0 0 0
F o r w a r d e d ------------------------------- . .
T o t a l s t o c k — E s t i m a t e d ------- . 1 . 1 1 4 , 0 0 0
O f w h ic h A m e r ic a n — E s t . . 1 , 0 1 6 , 0 0 0
..
3 1,0 0 0
T o t a l I m p o r t s o f t h e w e e k ------..
2 9 ,0 0 0
O f w h ic h A m e r ic a n .
9 6 ,0 0 0
A m o u n t a l l o a t --------- .
..
6 3 .0 0 0
O f w h ic h A m e r ic a n .
Ju ly 2.
J u l y 9.
3 7 ,0 0 0
400
1,3 0 0
3 0 ,0 0 0
5 ,0 0 0
5 8 ,0 0 0
1 ,0 8 9 ,0 0 0
9 8 9 ,0 0 0
3 8 ,0 0 0
2 0 ,0 0 0
6 9 ,0 0 0
4 8 ,0 0 0
3 0 ,0 0 0
1,0 0 0
2 5 ,0 0 0
6 ,0 0 0
6 0 ,0 0 0
1,0 5 6 ,0 0 0
9 6 2 ,0 0 0
3 3 ,0 0 0
2 8 ,0 0 0
7 6 ,0 0 0
4 2 ,0 0 0
J u ly 16 .
4 3 ,0 0 0
3 ,0 0 1
1,0 0 0
3 2 ,0 0 0
8 ,0 0 0
5 0 ,0 0 0
1,0 2 4 ,0 0 0
9 2 8 ,0 0 0
2 7 ,0 0 0
15 ,0 0 0
7 3 ,0 0 0
3 4 ,0 0 0
The tone of the Liverpool market for spots_ and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
S p o t.
M ark e t,
12 :15
P. M.
S a tu rd a y.
M onday.
T uesday.
D u ll.
D u ll.
D u ll.
)
[
W e d ’d a y .
T h u rs d a y .
M ore
dem and.
Q u ie t.
J
M ld .U p l’d s
0 .8 6
6 .7 8
6 ,0 0 0
300
5 ,0 0 0
300
S p e c .& e x p .
6 .9 2
6 .8 5
6 .8 7
8 ,0 0 0
500
7 ,0 0 0
300
14 ,0 0 0
2 ,0 0 0
d on e
a
r e c e ip ts
c ia b ly
b ly
D u ll.
of
6 ,0 0 0
300
Q u ie t a t
7 p o in ts
d e c lin e .
Irre g . a t
8 @ 1 0 p ts .
advance.
E asy at
1 0 p o in ts
d e c lin e .
M arket
4
P . M.
1 Irre g . a t
5)4 @ 6
)
J p ts. a d v .
S te a d y a t
7 @ 8 p ts .
advance.
W eak at
4 )4 @ 8 )4
p ts . a d v .
W eak a t
11@ 12 )4
p ts . d e c .
Q u ie t a t
)4 @ 2 p ts .
advance.
W eak a t
1 6 @ 17
p ts. d ec.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
r a in s
an d
m an y
T h u s , 6 62 m e a n s 6 6 2 -10 0 d .
12 )4
p .m .
12 )4
p .m .
d.
d.
A p r .- M a y
Ju ly -A u g .
—
6
6
6
6
6
6
6
6
6
6
6
6
6
6
62
02
5 5 )4
53
5 0 )4
48
48
48
48
48
48
48
48
47
W ed.
T h u rs.
F ri.
4
4
12 )4
4
4
12 )4
12 )4
12 )4
4
1 2 34
p .m . p .m . p .m .
p .m . p .m . p .m . p .m . p .m . p .m .
d.
d.
6 9 )4
6 9 )4
6 1 >4
60
57)4
70
70
6 2 )4
6 0 )4
58
55 A
55
d.
76
76
09
67
65
62
62
62
5 5 )4 62
62
55
55
5 5 )4 6 2
62
62
55
5 3 )4 5 4 )4 60
A
A
A
d.
d.
d.
d.
d.
7 4 )4
7 4 >4
69
6 7 )4
65 A
63 A
63 A
63 A
63 A
64
64
64
64
03
69
69
62 A
61
59 )4
58
58
58
58 A
58 A
58 A
58 )4
58 A
57 A
63
63
5 0 \'2
55
03 A
52
52
52
52 A
53
5*5
53
53
52
71
71
64
6 2 )4
01
59 A
59 A
59 A
60
60
60
60
60
58 A
65
65
58
56 )4
55
53
53
5 3 )4
54
54
54
54
54
52 A
th e
as
to
(l .
cl.
50 A 48 A
5 6 ) 4 48 A
19
41
4 7 )4 3 9 )4
46
38
44 A 37
44 A 37
44 A 37
45
37 A
45
37 A
45
37 A
45
37)4
45
3 7 34
44
3 6 34
BREADSTUFFS.
F r i d a y N i g h t , J u l y 16 1909.
Flour for early delivery was firm but dull. The quietude
was mainly caused by the meagre supply on offer. This
scarcity of old has led buyers to give attention to new to
arrive, although old spring patents to arrive sold fairly at
$6 25@S6 50. New Kansas straights were in request for
domestic and foreign account at $5 35@$5 4 0 ,but, owing to
the recent floods, millers asked $5 60@$5 75. New spring
patents sold to arrive at S5 75@$6.
Wheat advanced. July contracts were especially buoy
ant, advancing in a sensational manner in practically all
domestic markets. Almost unparalleled conditions prevailed
on Wednesday, when July prices jumped up over 3c. a bushel
in nearly all markets, while in Chicago the rise amounted
to 7c. and in Toledo to 7 FgC. Needless to say such extraor
dinary advances made it evident that sellers for the decline
had become badly demoralized and in their great haste to
cover they bid prices up in a somewhat irrational fashion.
For the moment great excitement prevailed and it was gen
erally agreed that few, if any, dealershad ever seen such a
novel state of affairs. Occasionally the current month has
been active and higher in a few markets, but for all to rise
from 3 to 7 cents a bushel in one day was unique to say the
least. Ordinarily such big advances are mainly attributable
to bull manipulation, but on this occasion it was plainly
evident that reckless over-confidence on the part of short
sellers, combined with the excessive rains and resultant
floods, was largely responsible for the demoralization and
the attendant excitement. It was the consensus of opinion
it
la te d
p a r tly
b y
a
p ly — 4 ,4 3 9 ,0 0 0
b ig
p ean
th e
C it y ,
flo o d s ,
m o re,
h ad
re d u c tio n
w h ic h
in
a s w e ll a s
n ot
w ere
becam e
c o u n try
2 ,7 7 9 ,0 0 0
b y
th e
s till g r e a t ly
h ea vy
an d
needed
w ith
m a r k e ts fa ile d
T o -d a y
Ju ly
an d
a c c e le r a te d
on
t o fo llo w
b u t
flo u r .
T h e
in
F u rth e r
A r g e n tin a .
d em an d
p r ic e s
reco vered
p a r tly
b y
fro m
b e tte r
c o u n t r y p o in ts .
n o te
little .
th e
r a lly
w ea th er
to a n y
w as
o u r e a r ly
r is e
w e a k e n e d , e s p e c ia lly
d ista n t
r e p o r t s o f m o re s p ir ite d
in
ago.
h e n c e e x p o r t e r s h a v e a c c o m p lis h e d
c o n tra c ts a g a in
T o le d o ,
to
su p
y e ar
in
le s s
w e a t h e r a n d r e p o r t s o f la r g e r s h ip m e n t s fr o m
e x te n t a n d
a
C o n tin e n t.
w as
w o rth y
th e
h in d e r e d
s h ip p e r s
u n fa v o r a b le
on
th e ir
E u ro p ean
n o ta
fo r
th e w o r ld ’s a v a ila b le
t h a t s h o r t s e lle r s h a d
S e llin g
been
s e r io u s ly
fe ll r a p id ly , s u g g e s tin g
p a n ic .
ap p re
w e re s o m e w h a t e n c o u ra g in g , E u r o
in flu e n c e d
r a in s
been
B u y in g w a s a ls o s tim u
a g a in st
b e in g
o ffe rin g s
th at
h ave
it
n u m ero u s
K in g d o m
c o p io u s
L a ter,
been
In d e e d , th e w e a th e r w a s so b a d
b u s h e ls ,
m a rk e ts
U n ite d
h ad
c o n c e iv a b le
w in te r - w h e a t p o in ts , a n d
le a d
T h e n , t o o , .c a b le a d v i c e s
s e llin g
is
w o u ld
e n d e a v o r to in d u c e b u y e r s to c a n c e l.
d e liv e r ie s
w ere
e x p o rt b u y in g
ch ecked
b y
in
of new
re p o rts
C h ic a g o
fir m e r ,
c h ie fly
w h eat an d
o f b e n e fic ia l r a in s
A r g e n tin a .
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN N E W
S at.
M on.
N o . 2 re d w in te r ,
f . o . b _____ c t s . 1 4 5 1 4 5
J u l y d e l i v e r y -------------------------------------------1 2 7 1 2 7 34
S e p t e m b e r d e l i v e r y ____________________1 1 8 M 1 1 8 ) 4
D e c e m b e r d e l i v e r y ............ ......................... 1 1 6 ) 4 1 1 6 ) 4
D A IL Y C L O S IN G P R IC E S O F W H E A T F
S a t.
'V u e s .
14 2
12 7 -%
115 )4
116 )4
U TU R
C o rn
w as
th e
t im e
ad van ced
Ju ly
3 c .,
d e c lin e
an d
of
h ig h e r
c h ie fly
to
on
if
lo n g
a n x ie ty
am on g
th e re
to ta l
M uch
stro n g ,
r e m a r k a b ly
5 0 ,0 0 0
gran d
g r e a tly
cau sed
b e in g
h a v in g
s e lle r s
p a ltr y
m ig h t
is
fo r
lig h t s u p p ly ,
a
b u s h e ls
v is ib le
no
an d
to ta l
be
con
e q u a lly
r e s u lta n t
r e c e ip ts
s e rio u s
B u y in g
th a t it h a d
th ere
W ith
r a in s
c u r ta il
in s ig
w as a
of
d e la y
s e llin g
d e c lin e , a n d
c u ltiv a
O r d in a r ily
so lo n g a s c u lt iv a t io n
S e p te m b e r
been
flo o d s , w h ic h
an d
d e te r io r a tio n .
b y p le n t y o f m o is t u r e
d e la y e d .
th eo ry
k e ts.
w hen
e x c e s s iv e
to
th e y
th e
T h e
th e
e x p e c te d
c o r n is h e lp e d
not
2,
12 2
11 1#
10 8 )4
w eaken ed .
e x tr e m e ly
th e
F r i.
12 5 )4
110 3 4
10 8
T h e su d d e n s c a re o n th e p a r t o f s h o rts w a s la r g e ly
tr a c e a b le
tio n ,
N o.
m eag re.
n ific a n t.
to
upon
F r i.
T h u rs.
12 0
1 2 6 )4
110 ) 4 112 5 4
10 8 H 10 9 )4
a fte rw a rd s
w ere
o f c o n tra c t g ra d e s,
b u s h e ls
s id e r e d
b u t
o w in g
con seq u en t
e s p e c ia lly
6 ,0 0 0
e a r ly ,
co n tra cts
YO RK. ,
W ed . T liu r s .
14 2
14 5
14 5
15 1 >
15 0
12 9 )4
119 ? ?
118
118 )4
117 )4 115 )4 lio A
E S IN C H IC A G O .
M o n . T u es. W ed.
J u l y d e l i v e r y . ......................................... c t s . l l 8 ) 4 1 1 9 ) 4
S e p t e m b e r d e l i v e r y . . ...................................I l l >4
*
D e c e m b e r d e l i v e r y ____________________ 1 0 9 ) 4 1 0 8 ) 4
* 110 )4 -3 4
at
w as
to o
e s p e c ia lly
p a r tly
b ig
in
a
d is c o u n t.
W e ste rn
w a r m , c le a r w e a t h e r it is b e lie v e d
is
based
th e
m ar
cro p
w ill
m a k e e x c e lle n t p r o g r e s s , a n d c o n s e q u e n t ly it is im a g in e d t h a t
fa rm e rs
w ill
soon
becom e
m o re
w illin g
to
p art
w ith
t h e ir
h o ld in g s .
D A IL Y
C L O S IN G
P R IC E S O F N O . 2 M IX E D
S a t.
D A IL Y
C L O S IN G
P R IC E S
OF
CORN
S a t.
O a ts
ad van ced
stre n g th
cro p
w a t e r in
to
b y
H en ce
th e
b o tto m
p rev en t
little ,
it
w as
e x c e s s iv e
r a in s
la n d s
fe a re d
in
th a t
to
re n e w e d
w h ic h
e n a b le d
W ed. T h u rs.
7 2 34
6 6 )4
57
becam e
on
th e
an d
fa rm e rs
to
m ake
r e c e ip ts
sh o w
at
a
b y
b y
th e
be
re stric te d
to
w ill,
c o u n try
th ere
c o n tin u e d
w h ile
tre n d ,
w e a th e r
p o in ts
an d
serv ed
d o w n w ard
T o -d a y
to
H ig h
lo d g e d .
d e liv e r ie s
tim id ,
scarce
g r a in
la r g e r
w ea th er
w ere
th e
fin e , w a r m
W ith
b u yers
o v e r flo w e d
p r im a r y
e n la r g e m e n t.
F r i.
0 9 )4
6 5 )4
«>6
T h e
W e st.
w o u ld
w as
fu r t h e r d e c lin e a ll a lo n g th e lin e .
n u m e ro u s.
F r i.
of d am age
flo o d s
m a r k e tin g
7 1 34
66
5 6 8ie
w eak er.
fe a r
cases
s e llin g , p r o m p te d
th e re fo re
soon
T ues.
72)4
6 7 )4
57)4
som e
th e re
YO RK.
7 2 )4
6 6 )4
5 6 )4
w h ere stre a m s h a d
an d
NEW
80
80
75
0 7)4
M on.
soon
b ased
S u b s e q u e n tly
o w in g
a sse rte d ,
bu t
m a in ly
h a r v e s tin g ,
te m p o r a r ily .
s ta tio n s ;
a
w as
IN
W ed. T h u rs.
81
81
81
78 )4
8 0 )4
8 0 34
7 3 -34
7 5 )4
74 H
67
6 0 )4
0 7 )4
F U T U R E S IN C H IC A G O .
80
79
75
6 7 34
J u l y d e l i v e r y -------------------------------c t s . 7 2 ) 4
S e p t e m b e r d e l i v e r y ___________________ 6 7
D e c e m b e r d e l i v e r y ___________________ 5 6 ) 4
in it ia l
CORN
T ues.
M on.
C a s h c o r n . . ............... ...............................cc ttss.. 7 8 . .A
J u l y d e l i v e r y ............ .....................................7
_____ 77)74 34
S e p t e m b e r d e l i v e r y . . . ..........................
75)4
D e c e m b e r d e l i v e r y .................. .. .................
-------606 6A) 4
th e
a ll b ig
K an sas
m a r k e tin g .
p la c e s
T o -d a y
T u es.
n e a r ly
p ro tra c te d
w ere
M on.
g rad e
an d
in
sh o rt
c o n tra c t
of
h a r v e s tin g a n d
th at
a lth o u g h
L o u is
of
S te a d y at
7 @ 1 0 p ts .
advance.
S a t.
new
m e rc h an ts
m a n n e r,
S t.
6 .7 2
F ir m a t
S te ad y ,
1 u n ch . to 1 7 @ 1 0 p ts .
advance.
/ p t. dee.
Ju ly 10
to
Ju ly 16 .
r e c k le s s
l a r g e r in
in
th e
T h e p r ic e s a r e g iv e n i n p e n c e a n d lO O tlis.
c o n s e r v a tiv e
in
F r id a y .
M arket
op e n ed
F u tu res.
am o n g
[VOL. L X X X IX .
it
w as
w as
a
fa v o r a b le
sci c rs
w ere
T h e in c r e a s e d p r e s s u r e t o s e ll w a s la r g e ly c a u s e d
s a tis fa c to r y
cro p
o u tlo o k .
YO RK.
T h u rs.
F r i.
58 )4
58 )4
5 8 H n r ® ® )* 0
N o . 2 w h i t e ......... ............... . . c t s . 5 8 ) 4
W h ite c lip p e d , 3 4 to 3 6 l b s . . 5 8 @ 5 9 5 8 @ 5 9 58 @ 5 9 5 8 @ 5 9 o 8 @ o 9 u 8 @ 5 9
D A I L Y C L O S IN G P R I C E S O F O A T S F U T U R E S I N C H IC A G O .
d a il y
c l o s in g
p r ic e s
S a t.
o f
O ATS
M on.
S a l.
IN
T ues.
fo llo w in g
are
c lo s in g
W ed.
M o n . T ues.
. T u l y d e l l v e r y _____________________ c t s . 5 0 ) 4
4 9 )4
S e p t e m b e r d e l i v e r y _________ __________4 3 )4- H 4 3 )4
D e c e m b e r d e l i v e r y ----------------- ----------4 3 )4- 34 4 3 )4
T h e
NEW
49
43
4 3 3s
W ed. T h u rs.
4 8 14
4 3 )4
4 3 )4
4 8 )4
4 2 )4
4 2 >4
F r i.
4 7 )4
4 1 34
4 2 )4
q u o ta tio n s :
FLO U R.
W i n t e r , lo w g r a d e s -------S 4 5 0 @ $ 5 0 0 K a n s a s s t r a i g h t s ----------- J<‘ 7 5 ® $ 6 0 0
W in t e r p a t e n t s ------------------6 8 u @ 7 0 0 K a n s a s c l e a r s --------------- £ 2 - A
_5 5 0
7 00
W in t e r s t r a i g h t s ----------- 6 4 0 ® 6 6 0 C i t y p a t e n t s . ........................ *> 7 o @
W in t e r c l e a r -------------------- 5 2 5 ® 5 8 0 R y e t lo u r , b b l s ..................... 4 4 5 @ 4 9 0
4 1 5 ® 4 40
S p r i n g p a t e n t ------------------ 6 2 5 ® 6 7 5 G r a h a m f l o u r . . - - - - - - 3 7 o ® ------S p r i n g s t r a i g h t s -------------- 5 5 0 ® 5 8 5 C o r n m e a i , k iln d r i e d —
S p r i n g c l e a r s ------------------ 5 2 5 ® 5 6 5
G R A IN .
C en ts.
W h e a t , p e r b u s h .—
C e n ts . C o rn , p e r b u s h .—
N o . 2 m i x e d ____________ e l e v .
81
N . D u l u t h , N o . 1 ______
14 3 H
N o . 2 y e l l o w ------------------e l e v .
81
N . D u l u t h , N o . 2 .............
14 0 )4
N o . 2 w h i t e . . ................... e k v .
81
R e d w i n t e r . N o . 2 ______ I . o . b . 1 4 5
H ard
“
"
--------1 4 1 )4 R y e , p e r b u s h . —
N o . 2 W e s t e r n . . . ............ f . o . b .
9 0 )4
O a ts , p e r b u s h .—
S t a t e a n d J e r s e y ----------- N o m in a l
N a t w h i t e , 2 6 t o 2 8 l b s . . . 5 1 ® 5 5 )4
M i x e d , 2 6 t o 3 2 l b s . ............
5 7 B a r l e y — 'M a l t i n g --------------- N o m i n a l
F e e d i n g , c . i. f . N Y - . 7 2 @ 7 3
V V h. o tlD ’ d 3 4 t 3 6 l b s . . . 5 8
@ 59
F o r o th e r t a b le s u s u a lly g iv e n h e r e , see p a g e 1 4 4 .
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports July 10 1909 was as follows:
A M E R IC A N G R A IN S T O C K S .
W h eat,
4 ,0 0 0
3 6 1 ,0 0 0
3 2 6 ,0 0 0
T o t a l J u l y 1 0 19 0 9 - . 8 ,4 2 7 ,0 0 0
T o t a l J u l y 3 19 0 9 - , 9 ,7 5 6 ,0 0 0
2 ,8 4 6 ,0 0 0
3 . 2 1 0 ,0 0 0
I n d ia n a p o li s ...................
O n C an al and R iv e r . . .
C A N A D IA N G R A IN
M o n tre a l - ........................... .
O th e r C a n a d ia n ---------
R aney,
b u sh .
O ats,
b u sh .
R ye,
b u sh .
6 0 5 ,0 0 0
6 ,0 0 0
11 7 ,0 0 0
14 5 ,0 0 0
1 0 3 ,0 0 0
7 ,0 0 0
9 3 ,0 0 0
1,0 0 0
3 1 ,0 0 0
1,0 0 0
7 0 5 ,0 0 0
5 2 ,0 0 0
4 2 ,0 0 0
2 ,8 5 9 ,0 0 0
7 5 ,0 0 0
2 0 3 ,0 0 0
7 0 4 ,0 0 0
7 5 ,0 0 0
6 9 ,0 0 0
15 ,0 0 0
6 2 ,0 0 0
3 3 ,0 0 0
9 ,0 0 0
1,0 0 0
3 2 ,0 0 0
4 ,0 0 0
1,0 0 0
3 7 ,0 0 0
18 ,0 0 0
3 2 ,0 0 0
1,0 0 0
2 ,0 0 0
15 1,0 0 0
5 ,0 0 0
9 6 ,0 0 0
15 9 ,0 0 0
14 ,0 0 0
12 9 ,0 0 0
17 ,0 0 0
5 ,9 6 6 ,0 0 0
6 ,2 8 1,0 0 0
1 9 1 ,0 0 0
1 5 7 ,0 0 0
6 10 ,0 0 0
0 4 9 ,0 0 0
R ye,
b u sh .
R a r le y ,
b u sh .
C o rn ,
b u sh .
6 6,0 0 0
12 0 ,0 0 0
2 ,0 0 0
17 3 ,0 0 0
12 0 ,0 0 0
9 7 ,0 0 0
4 0 1,0 0 0
5 6 ,0 0 0
1 3 3 ,0 0 0
3 3 6 ,0 0 0
5 1 ,0 0 0
14 9 ,0 0 0
5 3 ,0 0 0
7 7 ,0 0 0
2 0 1,0 0 0
5 ,0 0 0
13 1.0 0 0
5 5 7 .0 0 0
1 1 8 ,0 0 0
,
4 8 2 ,0 0 0
.
3 3 ,0 0 0
,
0 ,0 0 0
,
9 1 ,0 0 0
,
10 ,0 0 0
.
5 ,0 0 0
.
3 0 7 ,0 0 0
9 3 ,0 0 0
_
13 1,0 0 0
_
2 0 8 ,0 0 0
,
12 8 ,0 0 0
- 2 ,1 17 ,0 0 0
. 4 ,0 6 2 ,0 0 0
.
2 7 ,0 0 0
3 6 ,0 0 0
1,0 0 0
5 5 ,0 0 0
STO C K S.
W h eat,
h a sh .
C o rn ,
b u sh .
O ats,
im sh .
3 4 3 ,0 0 0
0 9 5 ,0 0 0
8 7 6 ,0 0 0
5 3 8 ,0 0 0
0 9 ,0 0 0
46 0 ,0 0 0
8 0 ,0 0 0
4 6 0 ,0 0 0
4 9 8 ,0 0 0
8 0 ,0 0 0
14 5 ,0 0 0
T o t a l J u l y 1 0 19 0 9 . . 2 ,4 5 2 ,0 0 0
T o t a l J u l y 3 19 0 9 . . 2 ,6 7 4 ,0 0 0
5 9 ,0 0 0
9 9 ,0 0 0
SU M M ARY.
B a r le y ,
bu sh .
W h ea t,
b u sh .
C o rn ,
b u sh .
O ats,
b u sh .
Rye,
b u sh .
. 8 ,4 2 7 ,0 0 0
C a n a d i a n .......................... . 2 ,4 5 2 ,0 0 0
2 ,8 4 6 ,0 0 0
5 9 ,0 0 0
5 ,9 6 6 ,0 0 0
46 0 ,0 0 0
1 9 1 ,0 0 0
6 10 ,0 0 0
8 0 ,0 0 0
.1 0 ,8 7 9 ,0 0 0
.1 2 , 4 3 0 , 0 0 0
- 13 ,4 0 1,0 0 0
.4 7 ,0 8 7 ,0 0 0
.2 4 ,2 4 7 ,0 0 0
- 1 2 ,3 3 9 ,0 0 0
.12 ,7 19 ,0 0 0
2 ,9 0 5 ,0 0 0
3 ,3 0 9 ,0 0 0
3 ,2 5 6 ,0 0 0
8 ,3 2 9 ,0 0 0
5 ,1 6 1 ,0 0 0
4 ,3 8 8 ,0 0 0
6 ,0 8 4 ,0 0 0
6 ,4 2 6 ,0 0 0
6 ,7 7 9 ,0 0 0
2 ,0 9 0 ,0 0 0
5 ,3 6 4 ,0 0 0
6 ,10 8 ,0 0 0
6 ,5 6 4 ,0 0 0
3 ,8 8 6 ,0 0 0
1 9 1 ,0 0 0
15 7 ,0 0 0
16 3 ,0 0 0
6 8 3 ,0 0 0
1 ,4 1 7 ,0 0 0
7 7 5 ,0 0 0
7 8 0 ,0 0 0
6 9 0 ,0 0 0
7 9 4 ,0 0 0
9 2 2 ,0 0 0
6 7 8 ,0 0 0
8 9 3 ,0 0 0
8 0 2 ,0 0 0
1 ,2 3 6 ,0 0 0
T o ta l
T o tal
T o ta l
T o tal
T o ta l
T o ta l
T o ta l
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
Ju ly
10
3
11
13
14
lf>
10
19 0 9 19 0 9 19 0 8 .
19 0 7 19 0 0 .
19 0 5 19 0 4 .
T H E DRY GOODS TR AD E .
N e w Y o r k , F r i d a y N i g h t , J u l y 16 1909.
In the primary cotton goods market increased strength
has developed during the past week. Numerous lines,
especially print clo ths and breached goods, have been ad
vanced sharply, and the trend generally appears to be to
higher levels, for values are still below the present cost of
raw ma terial. Yarns also are decidedly strong and higher,
with an u pward tendency. Goods which have not been ad
vanced, or which have been raised only slightly, have con
tinued in active request for near-by and forward delivery,
buyers apparently realizing that current prices may not be
available much 1onger, and sellers have shown a disposition
to move stock g oods at prices below those asked for goods
to be made from new-crop cotton. Mills are even more con
servative in booking future contracts except such as can be
filled from cotton on hand, and they are rapidly approaching
their limit in the latter respect. Owing to the firmness of
sellers and to the high raw material— declines in the latter
during th e past few days have not weakened the finished
goods situation—buyers are revising their views and are
coming nearer the ideas of first hands in the matter of prices,
but are still conservative in actually placing orders at the
higher levels mills are demanding. Many out-of-town
merchants are in the market, and spot goods offered at at
tractive prices have met with a ready sale. Despite recent
advances, demand for cotton-knit goods has steadily in
creased, and more duplicate orders for fall delivery have been
received. Trade generally with jobbers is reported as com
paratively quiet, but an improvement is expected after the
tariff matter is definitely settled. As reflecting the progress
made b y jobbers during the first six months of 1909. it is
interesting to note that the semi-annual report of the H. B.
Claflin Co., issued this week, showed net earnings for that
period of $291,833, compared with a loss of $7,436 in the
preceding half-year. Export trade has remained at a stand
still , owi ng to the high prices demanded by sellers. Demand
for spring lines of dress goods, recently opened, has been
broader; additional lines for fall were exhibited during the
week and were taken quite freely, while many repeat orders
for fall goods were received. A substantial business has
also been done in light-weight men’s wear.
DOMESTIC COTTON GOODS.— The exports of cotton
goods from this port for the week ending July 10 were 3,429
p ackages, valued at $164,108, their destination being to the
points specified in the table below:
1
1
N e w Y o r k to J u l y 1 0 —
G r e a t B r i t a i n ...................................
O t h e r E u r o p e ...................................
W eek.
S in c e
Ja n . 1.
W eek.
H
g
S 3 g g s-s
rep
£.
16 2
779
882
390
38
264
969
566
457
579
15 ,3 3 7
5 ,1 6 0
16 ,8 5 3
4 ,6 4 2
12 ,2 4 4
986
8 ,1 0 4
2 1 ,9 0 5
10 ,15 7
T o t a l ..................... ............................ _____________ 3 , 4 2 9
2 0 5 ,9 5 0
5 ,14 1
9 6 ,4 2 4
_________
12
In d ia
............... ...
__________
. ______
_ _______
O t h e r c o u n t r i e s ............................. _____________
478
524
17
200
The value of these New York exports since Jan. 1 has been
$11,289,662 in 1909, against $6,193,428 in 1908.
Readjustment of prices on various lines of domestic cot
s? H
£ P.
11
•a f"
O .U
Ci ©
O L5
O t\5
Cl CO
to C<
>U Cl to Cl CO
O tq
ci O t-4 ** ci
r*
p
© 05
to lU - 1 CO CO T?
M to H Ci Cl
££
to CO £• it- Cl C/l *•
CO C5 - 4 0
4* 05o
m
S
00 Cl CO 00 -vl
- M Cl to ^
co co CO o “*1
to CO *—
*o
-* to
CD rf*
*-* oo
it- CO
to c>
CO GO
K*
£
Ul
bo oi co £3
Ci C5
O
© co*u ^
COCl Cl <3
CO CO O Coo
CO i
ci
GO
Cl
C I
Cl I
ci
to CO oo
CO lU CO Cl
to O O Cl to
^ CIS
to 4* M o it*
o CD ** if*
to O Cl Cl
CD M oo O CD
to O oo oo o
c h *4 oo o
N
c H*
S* <o
? §
.
*
00 00 i-* <0 -v|
to Cl CO >u oo
Ci CO to Ci Cl
S in c e
J a n .1.
25
73
1,15 5
tons has been the feature of the week and is still under way.
Ticketed lines of bleached goods are decidedly firmer, with
advances ranging from y to lj^ c . a yard noted on various
descriptions; some of the unticketed lines remain unchanged,
but appear to be hardening. Well-known brands of staple
ginghams have been advanced 3^c. a yard, which appears to
have forced into the market some jobbers who had failed to
cover prospective requirements; some lines have been placed
at value. Owing to the increased strength of gray goods;
staple prints are expected to be advanced shortly. Dis
counts on both wide and narrow cotton duck have been short
ened considerably. Brown sheetings have been advanced
about
c. a yard, and standard brown drills are also firmer.
Colored cottons and wash fabrics have been in fair demand
and firm. In the print cloth market there has been active
bidding for regulars at an advance of y c . over a week ago
for goods to be delivered during the last quarter of the year;
only a moderate amount of business, however, has been done,
owing to the conservatism of the mills. Standard wide print
cloths have also been in better demand, with fair contracts
accepted at an advance of y c . for September-December
delivery. Regulars are now firmly held at 3 9-16c. and
standard wide goods at 5 ^ c .
WOOLEN GOODS.— During the past week a broader and
more active demand developed for spring lines of dress goods,
and supplementary lines of worsteds for the fall season were
opened; the volume of business done was reported as highly
gratifying, and some leading producers are said to be well
sold up.
Cotton-warp and lustre fabrics appear to have
led the demand for spring, while all-wool goods, such as
serges, &c., have been in better request. Duplicate orders
for fall have been large, especially for broadcloths; prices
generally are very firmly held. In men’s wear a satisfactory
business has been done on all light-weight fabrics; interest
now centers in fancy and semi-fancy worsteds and manipu
lated goods, and, although some lines of these have not yet
been opened, representatives of leading mills have already
received substantial orders; there is talk of further advances
in various lines. The American Woolen Co. displayed new
lines of carded wool goods during the week, and fair initial
orders are said to have been booked.
FOREIGN D R Y GOODS.— Imported woolen and worsted
fabrics have been in moderate demand, but tariff uncertainty
has checked business somewhat. The call for linens for
immediate delivery has become more urgent, and sellers
have been unable to meet all demands, as supplies are well
cleaned up; orders for both fall and spring delivery of dress
linens and housekeeping goods have been larger. Trade in
burlaps has been dull; light-weights are quoted at 3.40c.
and lOJzfj-ounce at 4.45 to 4.50c.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending July 10 1909 and since
Jan. 1 1909, and for the corresponding periods of last year,
were as follows:
---------- 1 0 0 9 ---------- ---------------- 19 0 8 ---------6 14
658
10 3 ,19 4
8 ,7 0 0
17 ,0 7 0
7 ,6 5 8
2 1,2 2 1
904
7 ,7 4 2
2 8 ,5 0 8
0 ,6 8 1
W e s t I n d i e s ............... ......................
M e x i c o ______ _____________ _____
C e n t r a l A m e r i c a ..................... .. .. ..
175
THE CHRONICLE
J u l y 17 1 9 09 . |
ci O 00 4- CD
Ci 00CO 00 O
t-i COci COCO
0
01
t\5
C'r
CO vU
CO ►-»
>U 00
O C5 i
CO IO
Cl C5
CO
Cl
CO
CI
O CI
Mo
Co
it* O
Co o
ci
CO 00
to O
COCO 00 ■*■!
CKO Ci CO
05to C C
CoCl O CO
Ci CO Co cc 4-* co —*
CO Ci t\5 00 CO
■-» o
CO to
Cl C5
CO CI
O Ci
oo O
CO >u
CO Ci
£• Ci
ci >-* Cl
Ci
to Ci Cl
C
to CO CO 00 to
© © © LiL*
M to Cl Cl to
cs »-*»-* co to
I-*
-sj Cl CO
- - - - oc CO CO-sj to
T* ►
a <
.<
c? <
c* .
5a
M 00 4* it* M
C iC iit^it-itCJl Vj to to CI ^
•U c> COCOCl
Cl o CI oo DO
CO Cl COoo
T H E C H R O N IC L E
17 6
,
S t a t s /w p
C ity
p e
M U N IC IP A L B O N D S A L E S IN
? a p t -m e e t .
JU N E.
We present herewith our detailed list of the municipal bond
issues put ou tduring the month of June, which the crowded
condition of our columns prevented our publishing at the
usual time.
The review of the month's sales was given on page 115 of
the “ Chronicle” of July 10. Since then several belated June
returns have been received, changing the total for the month
to $61,363,383. The number of municipalities issuing bonds
was 304 and the number of separate issues 521.
JU N E
Page
N am e.
BOND
SA LES.
R a te.
M a t u r it y .
A m o u n t.
P r ic e .
W
O
O
( 119 2 9 -19 4 9
$ 2 0 ,0 0 0
17 8 .A b b e v ille S c h . D is t ., S o . C a r o . 5
10 3 .2 5
1 1 5 - A d a , O k l a _________________
10 ,0 0 0
10 0
- 6
19 2 8
15 7 1
1,5 0 0
10 0
4
1
9
1
0
1
9
3
0
6 8 ,0 0 0
15 7 1
10 1.3 18
. 4
19 3 9
4 0 0 ,0 0 0
15 10
10 2 .6 5 8
. 4
19 3 9
10 0 ,0 0 0
15 10 .
_
10 2 .0 8 1
d l 9 2 4 -19 3 9
1 5 1 0 - - A l t o o n a , P a ------------------------------- . 4
3 0 0 ,0 0 0
1 0 2 .1 8 2
(119 2 9 -19 4 9
115 .
- A r l i n g t o n , T e x --------- ------. 5
2 5 ,0 0 0
5 7 . . A r n e t t S c h o o l D is t r ic t ., O K i a ._
12 ,0 0 0
19 2 6 -19 3 9
1 7 8 . - A s h b u r n , G a ______________________ 5
5 5 ,0 0 0
19 10 -19 19
2 4 ,0 0 0
5 7 1 . . A s h l a n d , O h i o --------------------------- • 5
10 5 .2 6 5
19 10 -19 19
1 5 7 1 . . A s h l a n d , O h io --------------------------- . 5
6 ,4 0 0
10 5 .4 0
19 10 -19 19
1 6 3 4 - . A s h t a b u l a C o u n t y . O h i o ----------- . 4 / 4
1 0 ,0 0 0
10 3 .4 5
19 3 9
2 0 ,0 0 0
1 6 3 4 , - A t t a l l a , A l a ______________________ 5
9 2 .5 0
1
9
1
1
1
9
4
0
4 5 ,0 0 0
1 5 1 0 - - B a b y l o n S c h . D l s t . N o . 4 , N . Y .. 4 / 4
10 3 .6 11
3 3 ,4 5 0
1 5 7 1 . . B a r b e r t o n , O h io (4 I s s u e s ) ------- 5
10 3 .9 1
1 6 ,0 0 0
58
■ 4 /4 ( 1 1 9 1 9 - 1 9 3 9
5 0 ,0 0 0
1 1 6 . - B a r s t o w D r . D l s t . N o . 1 , T e x .. 5
2 0 ,0 0 0
58 - . B a s i n , W y o ------------------------------19 2 3 & 19 2 8
, 4
t 5 ,0 0 0
15 7 1
1 0 0 .0 6 6
19 2 9
11 3 ,0 0 0
16 3 4 - B e l f a s t , M e ________________ 4
10 3 .8 9
5 ,8 0 0
1 1 6 - - B e l l a l r e , M i c h ____________________ . 5
10 0
(
1
1
9
1
9
1
9
4
9
.
4
3
9
,0
0
0
5 8 ..
B e l l C o u n t y , T e x ________
4 ,0 0 0
5 8 ..
B e l m o n t , W I s ____________ . 0
19 10 -19 18
9 ,0 0 0
1 5 7 1 . . B e l o i t , W I s _______________________ 5
10 3 .7 5
19 2 9
9 0 ,0 0 0
15 7 1. .
B e r li n , N . H _________ _______ 3 / 4
9 7 .0 9
1 5 ,0 0 0
15 10 .
- B e r t r a m S c h o o l D i s t r i c t , T5 e x . ( 1 1 9 1 9 - 1 9 4 9
10 0
14 ,5 0 0
1 4 5 3 . - B i g S p r i n g T o w n s h i p , O h io . . 4 / 4
10 2 .8 2
2 ,8 0 0
1 5 7 1 . - B l y t h e S c h o o l D i s t r i c t , C a l ----- 6
1 0 8 .4 6 4
19 2 3 -19 3 9
4 8 ,5 0 0
14 5 3 ..
B o g o t a S c h o o l D i s t r i c t , N . 4J . H
.
10 0 .10
19 3 4
7 5 ,0 0 0
1 0 0 .6 6 6
16 3 4 . .
B o l i v a r C o u n t y , M i s s ------- 4V4
19 4 9
2 ,10 0
10 0
58.
- B o s t o n , M a s s --------------- 3 / 4
19 10 -19 19
3 ,0 0 0
10 0
1 5 7 1 . . B o w l i n g G r e e n , O h i o ----------------- 4
19 10 -19 19
2 5 ,0 0 0
10 0 .0 7
1 5 7 1 . . B r a i n t r e e , M a s s ------------------------- 3 / 4
19 14
4 0 ,0 0 0
10 2 .7 9 3
1 4 5 3 . - B r i s t o l C o u n t y , M a s s --------------- 4
19 15
4 0 ,0 0 0
10 3 .2 7 3
14 5 3 ..
B r i s t o l C o u n t y , M a s s ------- 4
1 9 16
4 0 ,0 0 0 - . 1 0 3 . 2 7 9
58. .
B r i s t o l C o u n t y , M a s s --- 4
(119 13 -19 2 8
5 0 ,0 0 0
1 6 3 4 __ B u c k h a n n o n S . D . , W . V a ------- 6
19 2 9
2 5 ,0 0 0
5 8 . _ B u f f a l o H ig h S c h . D l s t . , W y o . 5 / 4
10 7
19 3 9
3 6 ,0 0 0
10 3 .5 7 9
16 3 4 .
- B u r l i n g t o n , V t ------ ---------- 4
19 2 8
3 ,0 0 0
16 3 4 ..
C a d i z S c h o o l D i s t r i c t , O h lo 4_ _ 10 1.8 3 3
19 2 0 -19 4 4
2 5 ,0 0 0
1 1 6 . .C a h u e n g a S c h o o l D is t r ic t , C a l- 4 / 4
10 6 .3 14
2 0 ,0 0 0
1 1 0 - - C a m b r id g e S c h . D ls t ., N e b - - - 4 /4 ( 119 19 - 19 2 9
2 5 ,0 0 0
1 1 0 . -C a m d e n S c h o o l D istr ic t, A r k _ . 6
19 14
8 0 0 1 1 0 0 .9 6
1 5 7 1 . . C a n t o n , O h i o ----------------------------- 5
5 9 ,3 0 0 t
15 7 1.
- C a n t o n , O h io ( 1 5 I s s u e s ) -------------4/4
19 2 9
2 6 ,0 0 0 ' 1 0 2 . 0 7 8
1 5 7 1 . . C a n t o n , O h i o ----------------------------- 4
19 19
8 ,0 0 0
15 7 2 .
- C a r e y S c h . D ls t . N o . 1 4 , 'I d5a h o
10 0
9 ,3 0 0
15 11.
- C a r l J u n c t i o n , M o ----------- 6
19 3 9
3 2 ,0 0 0
1 4 5 3 . - C a r ls t a d t S c h o o l D i s t . , N . J
1 0 9 .9 7
1
9
1
9
9 ,0 0 0
1 1 6 . - C h a r l e v o i x S c h o o l D i s t . , M lc h . 4 / 4
16 ,0 0 0
14 i) 4 -.C h a u t a u c t u a S . D . N o . 3 , N . Y - 4 / 4 1 9 1 9 , ’2 4 & ’ 29
10 3 .7 0
4 0 ,0 0 0
11 6 - _ C h e h a lI s C o . S . D . N o . 3 , W a sh
<
1
1
9
2
9
1
9
4
9
2 6 ,0 0 0
4/4
5 8 . . C h e s t e r , S o . C a r o .............................
T01 2 5
19 2 9
2 4 6 ,6 0 0
1 5 1 1 . C h i c o t C o u n t y , A r k ------------------- 5
19 3 9
15 0 ,0 0 0
14 5 4 .
- C i n c i n n a t i , O h i o --------------- 4
10 4 .0 3 4
19 4 9
1 8 0 ,0 0 0
16 3 5 . C i n c i n n a t i S c h . D l s t . , O h 4l o . - .
10 1.8 0
19 10 -19 19
19 ,0 0 0
1 4 5 4 . - C l a r k C o u n t y , O h i o ------------------- 4
10 0 .6 4 2
19 2 9
5 0 ,0 0 0
1 5 7 2 . . C l a r k s d a l e , M i s s ------------------------- 5
10 4 .2 7
t9 19
5 ,0 0 0
10 0
16 3 5 .
- C l i o , S o . C a r o --------- - - - - 5
19 15 - 19 19
5
2 5 ,0 0 0
117 .
19 10 -19 2 9
5
8 ,0 0 0
1 5 1 1 . - C o t t e e v i l l e , M i s s ----------------------10 0 .3 2 5
19 2 9
4
4 ,0 0 0
1 6 3 5 . - C o lle g e H i l l , O h i o ------------------10 1.0 6 2
19 2 9
2 6 ,0 0 0
3 /4
1 6 3 5 - C o l u m o u s , I n d ------------------- -- - 10 0 .12 0
4
2 6 6 ,0 0 0 1
117
4
19 1,5 0 0
117 .
9
9
,5
0
0
4
/
4
117
10 ,0 0 0
117 .
2 5 ,0 0 0
1 5 7 2 -C o m a n ch e S . D . N o . 1
19 2 9
. 5
3 0 ,0 0 0
1 5 1 1 . - C o p ia h C o u n t y , M Is s .
10 6 .16 6
19 2 9
5
3 ,0 0 0
16 3 5 .
1 0 7 .9 6 6
4
8 7 ,4 5 3
1 6 3 4 _______ I _____
10 0
19 10 -19 19
15 ,0 0 0
5 0 . - C o s h o c t o n , O h i o ----------------------10 1.7 9 6
19 2 9
2 0 ,0 0 0
15 7 2 . .
C r a i g C o . S . D . N o . 1 7 , O k 5l a . .
10 1.5 0
59. .
C ra w fo rd C o u n ty T w p . S ch o o l
19 11-19 15
3 0 .0 0 0
D i s t r i c t N o . 7 , I l l ------------------- 5
10 2 .10
19 19
2 0 .0 0 0
5
1 7 . -C r e e k C o . S . D . N o . 5 , O k la —
19 0 9 1 952080 .0 0 0 1 0 0 . 1 5 6 2
.
- C u y a h o g a C o u n t y , O h io ------------- 4
19 10 - 19 19
2 0 0 .0 0 0
5 9 . . D a l l a s , T e x a s -------------------------------- 4
9 6 .5 7
19 10 -19 4 9
[ 2 5 ,0 0 0
10 0
5 9 - - D a l l a s , T e x a s .............................................4
14 7 5 ,0 0 0
9 6 .5 6
7 .0 0 0
10 0
11 7 ..
D a n b u r y , I o w a .....................
19 10 -19 2 9
2 0 ,0 0 0
10 0
117 ..
D a n v i l le , K y ------------------- 4
19 3 9
2 5 0 .0 0 0
16 3 5 ..
D a v i d s o n C o u n t y , T e n n --- 4 / 4
10 0 .0 1 6
6 6 ,0 0 0
5 9 . . D e f i a n c e , O h io ( 3 I s s u e s ) --------- 5
10 4 .5 5
19 19 " "
10 ,0 0 0
to o
1 5 7 2 . . D e l a w a r e __________________________ 4
3 0 .0 0 0
10 0
5 9 _ _ D e l p h o s , K a n s --------------------------- 4 H
19 10 -19 2 7
2 5 .0 0 0
1 1 7 - . D e Q u e e n , A r k --------------------------- 6
19 14 -19 2 8
3 5 0 .0 0 0
Too
5 9 . - D e s M o in e s , I o w a _______________ 4
19 3 9
10 0 .0 0 0
1 1 7 ..
D e t r o i t , M i c h ------------------- 3 H
10 1.3 7 5
9 1,5 0 0
1 6 3 5 . . D o b b s F e r r y , N . Y . (6 l s s u e s ) . 4
10 0
19 19 " "
5 .0 0 0
14 5 4 - -D o rr T w p . S . D . N o . 5 , M lc h ..
10 2 .6 3 1
19 2 9
6 5 .0 0 0
16 3 5 ..
D o t h a n , A l a . ( 3 I s s u e s ) ----1 0 0 .6 8
19 14 -19 3 9
10 0 ,0 0 0
3 X
16 3 6 ..
D u d l e y , M a s s ....................... ...
10 ,2 5 0
5 9 . - D u n d e e , I I I _______________________
1 92!)
5 .0 0 0 1 / 1 0 1 . 5 0
1 5 1 1 . . E a s l e y S c h . D ls t ., S o . C a r o . -1 9 1 9 - ’2 4 & ’2 9
5 0 ,0 0 0
l o l l - . E a s t S t . L o u is S c h . D ls t ., I l l — 4
1 0 0 .2 5 4
19 2 9
10 ,0 0 0
1 6 3 6 _ _ K lm w o o d P l a c e , O h i o ..................... 5
11 1.2 9 3
19 10 -19 2 9
8 0 ,0 0 0
1 1 7 . - E l m w o o d T o w n s h i p , 1 1 1 ----------- 4 %
1
9
3
4
7
0
,
0
0
0
1 6 3 6 . - E l R e n o , O k l a . (2 I s s u e s ) ______ 5
10 1.5 0 7
3 3 ,0 0 0
15 11..
E m m e t t S c h o o l D l s t . , I d a h 5o . . C $191 0 - 1 0 2 9
1 0 0 .3 1 2
d l 9 19 -19 34
5 8 ,0 0 0
117 ..
E n i d , O k l a ________________ 5
d
1
9
1
9
1
9
4
9
13 ,0 0 0
T o e"" " '
5 9 . . E n n i s , T e x a s ____________________ 0
19 3 9
17 5 ,0 0 0
10 0
1 5 7 2 - . E n s l e y , A l a _______________________
19 4 9
4 4 0 ,0 0 0
1 4 5 4 . . E s s e x C o u n t y , N . J _____________ 4
10 2 .6 3 8
12 9 9
15 ,0 0 0
1 5 1 1 - . E t o w a h , T e n n ___________________
10 2 .1 0
2 ,2 0 0
15 7 2 .
- E u r e k a S . D . N o . 4 5 , M o n6t _______
10 3 .0 4 5
19 10 -19 2 9
1 6 3 6 . - E v e r e t t , M a s s _________ ___________ 4
2 0 ,0 0 0
10 4 .8 9 3
19 10 -19 3 9
8 5 ,0 0 0
14 5 4 . .
F a l l R i v e r , M a s s __________ 3 / 4
10 1.17
19 10 -19 2 4
15 ,0 0 0
1 4 5 4 . - F l s h k l l l S . D . N o . 7 , N . Y _____ 4
10 0
10 ,0 0 0
1 6 3 6 . - F o r t M ill S . D . . S o . C a r o ______ 5
10 2 .5 0
6 5 ,0 0 0
1 1 7 . - F o r t S c o t t , K a n ------------------------- 4 / 4 1 9 2 4 & 1 9 2 9
d l9 19 -19 2 4
15 ,0 0 0
16 3 6 . .
F o w l e r , C o l o ----------------------- 6
10 0
19 10 -19 14
9 ,3 0 0
1 6 3 6 - _ F r a n k l i n C o u n t y , O h i o _________ 5
10 0 .16 1
a l9 19
4 0 ,0 0 0
I 1 7 . - G a l e n a , K a n ------------------------------- 5
12 ,0 0 0
118 ..
G le n c o e S . D . N o . I , M i n n4__________ 1 9 2 9
1,5 3 0
19 2 9
15 7 3 .
- G r a d y C o . S . D . N o . 7 , O k6 l a . .
10 0
19 10 -19 2 9
4 0 ,0 0 0
1 5 7 3 . - G r e e n w i c h T o w n s h i p , O h i o ___ 4 / 4
10 3 .2 7 7
2 7 ,5 0 0
19 2 9
15 7 3 ..
G r e n a d a , M is s . (3 I s s u e s ) _ 5
10 1.18 1
19 2 5 -19 3 9
15 12 ..
G r i f f i n , G a . (3 I s s u e s ) ____ 4 / 4
8 5 ,0 0 0
9 0 ,0 0 0
19 3 4
1 5 7 3 . . H a m i l t o n , O h i o ................................... 4
1 5 7 3 - H a m i l t o n , O h i o . . . ............ .............. 4
19 2 4 f l j ’ 3 5 ,0 0 0
N am e.
R a te.
M a t u r it y .
19 10 -19 19
. - H a m l e r , O h i o ____________________ 6
19 19
. . H a v e r h i l l , M a s s ------------------------- 3 / 4
I
- H e m p s t e a d U n io n F r e e S c h o o lL
D i s t r i c t N o . 2 3 , N . Y ----------- 5
19 10 -19 2 5
12 ,0 0 0
10 0 .2 7
19 3 0
1 0 0 ,0 0 0
10 2 .8 0
1 6 3 7 . . . H e n n e p i n C o u n t y , M i n n ----------- 4 4
■
13 1.5 0 0
4
10 2 .3 7 6
1 5 1 2 . H e n r y C o u n t y , O . ( 1 0 I s s u e s ) . 4 /3$
d l9 14 -19 19
8 ,0 0 0
10 0
1 5 1 2 . H c r m le lg h S c h o o l D l s t . , T e x a s ; 5'
19 10 -19 4 9
3 6 .0 0 0
10 0
1 5 1 2 . . . H i l l s b o r o , T e x a s (4 I s s u e s ) ------- 4 / 4
19 4 1
3 0 .0 0 0
111.0 2
1 6 3 7 . . . H i n t o n , XV. V a . (2 I s s u e s ) -------0 6
19 2 9
7 0 .0 0 0
10 3 .2 1
15 7 3 ..H o b a r t S c h o o l D is tr ic t, O k l a . . 5
2 2 .0 0 0
10 2 .0 4 5
1 5 7 3 . . . H o lly w o o d U n . H . S . D ., C a l . . . .
"19 10 -15 14
2 5 .0 0 0
10 4 .6 6
6 0 . . H o r n e l l , N . Y --------------------------- 6 "
(119 2 9 -19 3 9
2 0 .0 0 0
10 5
1 5 7 3 . . H o u s t o n H e i g h t s . T e x a s . .............5 5
10 ,0 0 0
10 4 .0 3
1 1 8 . .H u d s o n S c h o o l D is t r ic t , C a l . . 5
1
9
1
5
1
9
3
3
0 5 .0 0 0
11 0 .7 6 9
1 1 8 . ..H u n t ln g to n P a r k S . D ., C a l - . . 5
3 5 .0 0 0
4
1 6 3 7 . . H u t c h in s o n S c h . D l s t . , K a n . . 4 //4
19 10 -19 14
5 .0 0 0
10 3 .5 6 ~
1 5 1 2 . . . H y d e C o u n t y , N o . C a r o -----------6 6
19 3 0 -19 3 6
2 0 .0 0 0
10 3 .5 8 2
1 5 7 3 . . . I n g r a m , P a --------------------------------- 4 / 4
19 2 9
3 5 .0 0 0
10 1.2 5
6 0 . . . I r o n t o n , O h i o -----------------------------4 4
d l 9 19 -19 2 9
10 .0 0 0
10 0 .6 1
1 6 3 7 . . . J a c k s o n , O h i o ----------------- ----------- 44
19 2 9
4 5 .0 0 0
10 0 .2 5
1 4 5 5 . . - J a c k s o n , T e n n --------------------------- 4 344/ 4
d l9 19 -19 3 9
14 .0 0 0
10 0
1 5 7 3 . - J e r s e y S h o r e , P a ----------------------- 4 4
d l9 19 -19 2 9
2 0 .0 0 0
10 1.1 3 7
1 6 3 7 . . . J o s e p h , O r e -------------------------------- 6
2 9 ,5 8 2
10 0
1 1 8 . . . K a n s a s (4 I s s u e s ) --------------- 4 / 4 . 55 && 66 V a r i o u s
19 3 9
1,0 9 7 ,8 5 0
1 0 3 .4 0 9
1 5 7 3 . . K a n s a s C i t y , K a n s ------------------- 4 434/ 4
1
9
3
4
1
2
5
.
0
0
0
10 2 .7 7
6 0 . . K e a r n e y , N . J . (2 I s s u e s ) ---------4 434/ 4
d 19 19 - 19 3 9
2 .0 0 0
10 2 .5 0
1 1 8 . . K e n n a S c h o o l D l s t . , N e w M e x . 6‘
12 ,0 0 0
10 0
1 5 7 3 - K in g C o. S . D . N o . 3 , W a s h .. 5
10 ,0 0 0
" T o T i" ""
10 0
1 6 3 7 . K i n g s t o n , N . Y ------------------------- 4
19 3 4
5 0 .0 0 0
1 5 7 4 - K r e b s , O k l a __________ ___________ 5 5
7 7 ,4 3 7
10 3 .9 3 9
1 6 3 7 . . L a k e w o o d , O h io ( 1 0 I s s u e s ) ___ _ _
(119 13 -19 2 4
3 .0 0 0
6 1 . L a u r e l S c h o o l D i s t r i c t , D e l ----- 5
2 0 .0 0 0
6 1 - L a w r e n c e , K a n s ------------------------1 8 6 .0 0 0
19 10 & 19 11
4
15 7 4 . -L e a v e n w o rth C o u n ty , K a n s —
4 0 .0 0 0
10 1.5 2
6 1 . - L e m h i C o u n t y , I d a h o . . ........................
12 .0 0 0
10 1.9 4 1
T o Y T - io M
1 1 8 . .L e n o x U n . F r . S . D . N o . 9 .N .Y 5
8 0 ,0 0 0
10 4 .4 5
19 14 -19 4 3
1 5 1 2 . _ L e R o y S c h o o l D i s t r i c t , N . Y . 4 /34
4
10 1.3 7
17 .5 0 0
19 12 -19 2 0
1 5 1 2 . - L e R o y S c h o o l D i s t r i c t , N . Y . 4 /34
4
10 4 .10
10 ,0 0 0
19 2 9
1 6 3 7 . . L e x i n g t o n C o . S . D . N o . 2 9 , S .C . 5 /34
4
1,2 0 0
1 0 0 .0 9 2
1 7 9 . . L l t c h l l e l d , O h i o ------------- -----------19 10 -19 14
10 0 .0 8 5
8 ,2 0 0
1 6 3 7 . - L o c k p o r t , N . Y . (4 I s s u e s ) ------- 4
4 0 .0 0 0
10 3 .3 7 5
(119 2 9 -19 4 9
1 5 7 4 . - L o n g v ie w In d . S . D ., T e x a s . - 5
10 1.0 5 3
14 .0 0 0
19 10 - 19 17
6 1 . . L o n d o n T o w n s h i p , O h io ----------- 4 434/ 4
3 0 .0 0 0
10 1.5 0
19 2 9
15 7 4 . -L o v e C o. S . D . N o . 16 , O k la .. 5
12 0 ,0 0 0
10 0 .2 7 6
19 10 -19 19
1 5 1 3 . . L o w e l l , M a s s .........................
3 3/ 4
2 0 0 ,0 0 0
10 3 .3 0
----------------1 5 1 3 . - L o w e r M e r lo n T w p . S . D . , P a . 4
10 1.0 7
5 0 .0 0 0
6 1 . - M a d i s o n C o u n t y , A l a --------------- 4 34 ( 1 1 9 2 9 - 1 9 3 9
10 3 .0 2
2 ,0 13
19 10 -19 19
1 5 7 4 . - M a d i s o n v ll l e , O h i o --------------------- 5
10 2 .0 9
10 .0 0 0
19 3 4
1 5 7 4 . - M a d l s o n v l l l e , O h i o . .......................... 4
2 .0 0 0
19 2 7 -19 3 0
6 1 . - M a l t a , O h i o ______________________ 5
T 0 2~/T "
7 6 .0 0 0
1 1 8 . - M a n h a t t a n , K a n s ............- ........... . 5 * 6
15 .0 0 0
19 12 -19 4 1
10 2 .3 3 5
1 5 1 3 - M a n a l a p a n T w p . S . D . , N . J - . 4 34
14 .0 0 0
( 119 19 -19 2 9
10 0
1 5 7 4 . - M a n l t o u , C o l o ----------------------------- 5
10 1.1 1
5 ,0 0 0
19 10 -19 2 9
1 5 1 3 . - M a r b l e C l ll I S c h o o l D l s t . , O h io 5
19 2 0 -19 2 9
3 0 .0 0 0
10 6 .3 3 3
6 1 . - .M a r ic o p a C o u n t y , A r l z -------------6
19 10 -10 2 9
19 ,3 5 0 £ 10 0
1 7 9 . - M a r i e t t a , O h i o ---------- ---------------- '1
6 0 .0 0 0 y 1 0 0
1 7 9 . - M a r l o n , K a n . (2 I s s u e s ) ----------- 4 34
12 ,7 0 0
10 1.16 1
1 5 7 4 . - M a r y s v i l l e , O h i o ----------------------- 4 3 4
800
10 0
1 5 7 4 . - M a r y s v i l l e , O h i o ----------------------- 4 3 4
19 11-19 2 3
13 .0 0 0
10 3 .0 15
1 6 3 8 . - M a s s i l l o n , O h i o ------------------------- 4 3 4
12 .0 0 0
19 10 -19 2 1
10 0 .13 3
1 6 3 8 . - M c c h a n l c v l l l c , N . Y ----------------- 4 34
3 0 .0 0 0
19 18
10 0
1 1 8 . - M e n o m in e e , M i c h ----------------------- . 4 34
3 6 0 ,0 0 0
10 0 .8 9
1 5 1 3 _ - M e r c e r C o u n t y , P a ............... ........... 4
---------------2 8 ,3 0 0
1 5 1 3 . - M t d d l e p o r t , O h io (2 I s s u e s ) . .............................- - - - -
3 0 .0 0 0 y 10 0
1 5 1 3 . - M ile s C i t y S c h o o l D l s t . , M o n t - 4 34 1 9 1 9 , ’ 2 4 & ’ 2 9
4 6 .0 0 0
10 4 .8 1
1 6 3 8 . - M i l l v i l l e . N . J ____________________ 4 3 4
19 3 9
2 4 , 0 0 0 / 1 0 1 .4 0 t o
1 6 3 8 . - M i l l v i l l e , N . J ____________________ 4 3 4 1 9 2 9 , ’ 3 4 & ’ 3 9
118
15 7 4
15 13
15 7 4
119
62
16 3 8
16 3 8
15 13 .
15 7 5 .
14 5 6 .
- M is s o u la S . D . N o . 1 , M o n t —
4
. M o h a v e C o u n t y , A r l z --------------- M o n t e b e llo H ig h S . D . , C a l —
- M o n t g o m e r y , M in n ------------------- 5 "
19 15 -19 2 9
d l9 19 -10 2 0
_____
5"
5
__
4
6
19 19 - 19 3 7
19 3 9
___
___
19 3 4
19 2 0
M t. P l e a s n t S c h o o l D i s t r i c t
N o . 9 , N . Y . (2 i s s u e s ) ______ 4 / 4
__
16 3 3
4/4
18 0
6 2 . . M u s k i n g u m C o u n t y , O h i o ------- 4
4/4
15 13
j,5 & 6
119
3/4
16 3 8
3/4
16 3 8
4/4
62
4
62 1 1 N e w B r it a in . C o n n - - - - - - - - 1 6 3 8 . . N e w B r o o k la n d S . D . N o . 2 9 , S . C . 5 / 4
6 2 . . N e w b u r g h , N . Y - - - - - - ............... 5
1 6 3 8 . N e w C a s t l e C o u n t y , D e l ............... 4
1 6 7 6 . N e w H a m p s h i r e ------------------------- 3 / 4
----------------- 3 / 4
1 5 7 5 .N e w H a m p s h ir e ..
\ ........
•>
1 5 7 5 .N e w R o c h e lle , N 1 5 7 5 . N e w R o c h e l l e , N . Y - - - - .................•>
1 6 3 9 .N e w t o n S . D . N o . 4 1 , I I I ---------0
1 5 1 4 - N e w Y o r k C i t y (4 I s s u e s ) ---------4
1 5 1 4 . N e w Y o r k C i t y ...................... 3
62 -N e w Y o r k C it y —
5
62
4
16 3 9
10 3 9 . - N o rth C a r o lin a 4/4
16 3 9 . . N o r t h H e m p s te
5
1 6 3 9 . . O a k l e y , O h io - 4/4
119
4/4
16 3 9 ..O s a g e C it y ,
4/4
62
4
15 15
4
6 2 . . P a l m e r , M a s s --------
4
1 4 5 6. . - . P a r k e r s b u r g , W . V a
5
1 5 7 55 . . P a u l s V a l l e y , O k l a .
1 6 3 9 . . P a w h u s k a S c h o o l DI:
4/4
1 6 3 9 . . P e l h a m , N . Y ----------5
16 3 9
1 6 3 9 - P h [ u a , O h i o ............................................ 4 / 4
1 1 9 - P l e a s a n t o n , K a n ----------------------- 5
18 0 . P o c a h o n t a s C o u n t y , A r l z ............
1 5 7 6 . P o m o n a , C a l . (2 I s s u e s ) ............ - 4 / 4
6 3 - P o p p l e G r o v e , M i n n ----------------- 6
6 3 - P o p p l e G r o v e , M i n n . -------■ - - - - 6
4
15 15
3/4
15 15
3/4
14 5 7
5
119
4
15 15
4/4
63
1 5 1 5 - - R ld g w a y . P a - - - ; - , r V . . I A ' 5
5
14 5 7
4/4
10 3 9 ..R i p l e y C o u n t
4
11 9 - .R o c k fo r d P a i
4/4
1 5 1 5 ..H o o k y R iv e r
4
15 7 6 . . R o m e , N . Y 63
16 3 9 - R o s s T o w n s h i p , M in n - ------------- 6
15 7 6 . Ilo ta n In d . S c h . D ls t ., l e x a s . 5
1 5 7 6 - S t . C l a i r , P a . ----------------------------1 6 4 0 - S a l t n a , K a n s ------------------------------- 5
1 5 7 6 . S a n A n g e lo , T e x a s , . . ------------- 5
5
16 4 0
119
4/4
12 0
15 7 6
15 7 6 - - S a n t a A n a H ig h S . D , C a l—
1910-1918
4 0 ,0 0 0
10 3 .6 5 7
1 0 ,0 0 0
3 5 ,0 0 0
10 0 .5 17
8 ,5 0 0
10 0
2 5 ,0 0 0
10 0 ,0 0 0
10 6 .3 0
8 ,0 0 0
2 0 ,0 0 0
3 0 ,0 0 0
10 1.6 3 3
7 . 0 0 0 i / 1 0 6 .0 5
19 19 -19 4 8
6 0 ,0 0 0
10 6 .16
_______ ____
4 0 ,0 0 0
19 2 9
9 ,0 0 0
10 5
10 14
10 0 .6 3 3
3 0 .0 0 0
19 10 -19 19
10 2 .0 1
2 0 ,0 0 0
V a r io u s
4 2 ,5 0 0
V a r io u s
19 10 -19 19
2 6 0 ,0 0 0 1 1 0 0
19 10 -19 2 9
1 0 0 ,0 0 0 ]
19 4 9
98
4 0 ,0 0 0
19 10 -19 14
6 7 ,5 0 0
19 2 9
10 ,0 0 0
10 4 .10
19 11-19 18
1 6 ,0 0 0
10 5
19 4 5 -10 5 2
9 5 ,0 0 0
10 0 .5 0
19 19
10 1.8 1
5 0 .0 0 0
19 2 9
8 5 .0 0 0
10 3 .5 3
19 10 1 9 169 1 . 0 0 0
10 4 .3 3
19 16 -19 19
2 5 .0 0 0
1 0 6 .6 9
19 111 9 2 100 . 0 0 0
10 3 .0 2 7
19 5 9
3 8 ,0 0 0 ,0 0 0
10 0 .7 1
19 19
2 .0 0 0 ,0 0 0
10 0 .14
10 5 8
2 1 5 .0 0 0 £ 1 0 0
(119 19 -19 2 9
5 5 ,0 0 0
1 0 3 .0 1 3
19 10 -19 2 7
3 5 ,0 0 0
10 4 .0 2
19 4 9
5 0 0 ,0 0 0
10 3
6 1,0 0 0
1 0 4 .3 9
19 10 - i 0 i 9
2 ,10 0
10 1.14 2
7 .7 0 0
_ _____
8 0 ,0 0 0
to o "
< 119 14 -19 19
3 5 ,0 0 0
< 119 13 -19 2 9
6 0 ,0 0 0
Too
19 10 -19 2 7
18 ,0 0 0
1 0 3 .6 6 6
19 2 9
2 7 0 .0 0 0
19 3 4
15 ,0 0 0
T01
____ ________
8 ,0 0 0
19 11-19 3 7
6 0 ,0 0 0
Too
19 3 1
15 5 ,0 0 0
10 8 .6 9 5
19 11-19 2 0
3 0 ,0 0 0
10 2 .7 5
(119 15 - 10 2 9
8 .0 0 0
_______ ____
2 0 0 ,0 0 0
10 10 - 19 4 9
5 3 ,0 0 0
10 5 .4 9 2
19 14
1.0 0 0 1 10 0
19 19
2 ,0 0 0 )
19 2 8
2 , 1 0 0 ,0 0 0
10 0 .2 3
19 11- 19 3 0
4 6 ,0 0 0
10 0
10 10 -10 3 9
4 0 .0 0 0
10 0 .6 5
19 10 -19 11
2 5 ,0 0 0
____________
2 0 0 ,0 0 0
10 2 .0 8
19 2 2
8 ,0 0 0
10 0
d l9 14 -l9 3 9
12 ,0 0 0
10 2 .0 2 1
19 10 -19 15
7 ,5 0 0
10 2 .16
19 10 -19 19
10 0
19 .6 0 0
19 19 -19 2 8
10 0 ,0 0 0
10 0
10 13 - 19 18
3 ,0 0 0
10 2 .0 6 6
19 2 9
15 5 ,0 0 0
10 2 .15 3
____________
6 0 ,0 0 0
10 3 .7 4 1
10 15
1,0 0 0
10 0
d l0 2 9 -19 4 9
18 ,0 0 0
10 1.116
9 0 ,0 0 0
10 4 .2 4 3
3 8 ,12 0
10 1.5 3 5
d l 9 2 9 -19 4 9
3 2 ,0 0 0
10 6 .2 8 1
15 ,0 0 0
10 2 .5 4
____________
3 ,5 0 0
10 1.3 6 6
19 10 -19 15
2 10 ,0 0 0
10 1.2 7
5 0 ,0 0 0
10 3 .14 7
--------2 5 .0 0 0
10 3 .2 0 8
Page.
R a te.
N am e.
M a t u r it y .
19 17 -19 2 5
m 4
1 5 7 6 . .S c h e n e c t a d y C o u n t y ,
(119 19 - 19 3 9
- 6
6 4 . .S c o tla n d C o u n t y , N o
( 119 19 -19 3 9
.
.
4
64 .
t. 4 A
12 0 .
19 3 0 -19 3 9
12 0
19 11-19 16
.. 5
18 1 . .S io u x C o u n ty ,
19 10 -19 2 9
- 3 A
15 15 .
19 10 -19 3 9
- 3 A
15 15 .
1
9 10 -19 4 9
.
3
A
1 5 1 5 . .S o m e r v ille ,
64.
19 3 9
4
12 0 .
19 4 0
12 0 .
. 4
19 3 9
12 0 .
L6
19 13
.S
p
rin
g
d
a
le
S.
15 7 6 .
19 18 -19 3 7
- 4
1 6 4 0 .S t a llo r d , Com
(119 2 9 -19 4 9
i- 5
15 16 .
6 4 - S t o r y c i t y , I o w a ----------------------- -
19 10 -19 3 9
1 6 4 0 . - S u l l i v a n C o u n t y , N . V ------------- 4
..
1 6 4 0 . - S u n n y s l d e , W a s h . (2 Is s u e s )
* 19 2 9 “
1 5 7 6 . . S u s s e x C o u n t y , N . J ........................4
19 15 -19 2 4
1 2 0 . .S y l v i a S c h o o l D is tr ic t, K a n . . . 4 A
19 2 9
1 2 0 . T a c o m a , W a s h . (2 I s s u e s ) -------4 A
19 2 9
1 6 4 0 . . T a l l a h a t c h i e C o u n t y , M i s s ------- 5
19 10 - 19 13
6 4 . - T i f f i n , O h i o _______________________ 4
1
9
1
0 -19 17
T
i
f
f
i
n
,
O
h
i
o
_______________________
4
64.
19 10 -19 16
6 4 . . T i f f i n , O h i o _______________________ 4
19 10 -19 16
6 4 . . T i f f i n , O h i o _______________________ 4
V a r io u s
1 2 0 . . T o l e d o , O h io (2 4 I s s u e s ) -----------5
1.924
1 2 0 . - T o l e d o , O h i o ----------------------------- 4 A
19 19
16 4 0 . .T r a e r S c h o o l D is tr ic t, I o w a . - - . .
19 2 5 -19 3 9
lar.H .m r a i r o r d , P a ------------------------------- 4 M
19 2 9
1 8 1 . - T r a v e r s e C i t y , M i c h . ------ . . . - 4 'A
1 5 1 6 . - T u r lo c k I r r ig a tio n D is t ., C a l . - 5
' * 19 2 !) “
16 4 0 . .T y r o n S e ll., D ls t ., N o . C a r o . . 6
19 2 9
6 4 . .U n io n S c h o o l D is t ., S o . C a r o . . 4 H
19 16
6 4 . - U r b a n a , O h i o — ............... .................4
19 2 9
C a r o ...... 5
1 5 1 6 . W ak e C o u n ty , N o.
19 3 9
No.
C a r o . ......5
1 2 0 . .W a k e F o r e s t,
19 3 9
64 . W a l l i n g f o r d , C o n n --------------------- 4
19 2 9
6 4 - W a p a t o , W a s h . ------------------------- 5
d l 9 2 4 - 1 9 19
64 . W e a t h e r f o r d S c h o o l D i s t . , T e x . 5
19 3 9
1 6 4 0 . - W e s t e r l y , H . I - - -----------------------4
19 10 -19 3 4
1 2 1 . . W e s t H o b o k e n , N . J ____________ 4
d l9 14 -19 2 9
1 8 2 - W e s t m o n t , P a --------------------------- 5
1 5 7 6 . W e s t m o r e l a n d C o u n t y , P a ------- 4
19 10 -19 13
16 4 0 .W e s t S a le m S . D . N o . 1 1 , 1 1 1 . . 5
1 2 1 - W h a t c o m C o .S .D .N o .5 8 ,W a s h - . .
19 10 -19 2 2
1 5 1 6 .W h e a t o n S c h o o l D i s t . , I l l -------4 A
1 5 1 7 . - W ic h it a F a l l s S c h . D is t ., T e x a s . .
19 13 6 5 . - W i l k e s - B a r r e , P a ________________ 4 A
19 14 1 2 1 - W ill C o u n ty S . D . N o . 0 0 , I I I . . 5
19 19 -19 2 2
1 6 4 0 . - W i l l o u g h b y , O h i o _______________ 4 A
1 5 7 7 . .W i l t s h i r e T o w n s h i p , O h i o ______ 4
19 10 -19 2 9
6 5 . - W i n d s o r , V t . (2 i s s u e s ) _________ 4
1 5 7 7 . - W i n n e b a g o C o u n t y , I o w a ____ 6
19 10 -19 19
6 5 . - W o o s t e r , O h i o ___________________ 4 A
19 2 9
6 5 . - W o o s t e r , O h i o . . _______ ________ 4
19 2 9
6 5 . - W o r c e s t e r , M a s s ________________ 'A 'A
19 19
6 5 . - W o r c e s t e r , M a s s ________________ 3 H
6 5 . .W o r t h in g to n In d e p e n d e n t S c h .
19 2 4
D i s t r i c t N o . 5 , M i n n -----------4
1 8 3 - Y a le C o n s o lid a te d S . I ) ., O k la . 6
'1 9 1 0 - 1 9 1 4
1 6 4 1 . Y o u n g s t o w n , O h io (9 I s s u e s ) . . 5
19 2 8 -19 3 0
66 - Y o u n g s t o w n S c h o o l D i s t . , O h io 4 H
1 6 4 1 . .Y u k o n S c h . D is t . N o . 2 7 , O k la . 5
1 2 2 . Y u m a C o u n t y . A r l z ------ ------------ 5
1 8 4 - Z c l l e n o p l e S . D . , P a -----------------4 ) 4
A m o u n t.
10 0 ,0 0 0
8 0 ,0 0 0
2 4 ,0 0 0
2 3 ,0 0 0
5 0 ,0 0 0
15 ,0 0 0
12 0 ,0 0 0 1
3 0 ,0 0 0 \
4 0 ,0 0 0 j
10 0 ,0 0 0
5 2 ,0 0 0 )
9 ,0 0 0 V
lOO.OOOj
1,5 0 0
4 0 ,0 0 0
17 ,5 0 0
P r ic e .
10 0 .6 7 4
10 8 .2 5
10 0 .0 7
________
10 0 .6 6 6
10 0 .4 6 9
1 0 0 .6 6 6
10 1
10 0
9 8 .3 8 9
10 0
10 0 .2 3 6
1 5 0 .0 0 0
2 0 ,0 0 0
l'oi'.Bo’
6 4 .0 0 0
10 .5 0 0
10 3 .4 3
3 7 5 .0 0 0
10 6 .3 0
3 0 .0 0 0
1,6 0 0 )
10 0 .2 7 7
4 .0 0 0
6 .0 0 0
10 ,0 0 0
1 4 2 , 6 3 2 zlO O
5 5 .0 0 0 J
10 1.16 6
3 0 .0 0 0
10 0 .3 7 3
15 .0 0 0
10 3 .5 4 6
5 0 .0 0 0
10 0
7 ,5 0 0
10 0 .2 2 1
7 .0 0 0
2 0 .0 0 0
lb '0' 7 6 '
5 .0 0 0
10 8 .3 7 1
2 0 ,0 0 0
12 ,0 0 0
f o b 'i o '
4 5 .0 0 0
10 0
12 .0 0 0
12 ,0 0 0
10 2 .3 1
10 0 .0 0 0
5 0 .0 0 0
10 1.7 5
10 .0 0 0
10 1.2 3 1
5 0 0 .0 0 0
1,6 4 0
10 0
7 .0 0 0
10 2 .6 0
2 5 .0 0 0
10 1
6 0 .0 0 0
10 5 .5 5 5
1 923380 .0 0 0
1 9 2174 . 5 0 0
10 4 .5 7 5
4 .0 0 0
2 0 ,0 0 0
4 5 .0 0 0
4 5 .0 0 0 1 / 1 0 3 . 3 5 5
10 1.7 5
9 .0 0 0
10 1.4 0
1 0 .0 0 0
12 5 .0 0 0 1 1 0 1 .8 7 3
1 4 0 ,0 0 0 ]
3 3 .0 0 0
4 .0 0 0
5 5 ,7 0 0
5 6 .0 0 0
12 .0 0 0
5 0 .0 0 0
12 .0 0 0
10 2 .5 0
1 0 8 .7 5 '
10 9 .0 14
T o t a l b o n d s a le s f o r J u n e 19 0 9 (29 7 m u n ic ip a litie s
c o v e r i n g 5 1 3 s e p a r a t e i s s u e s ) ------------------- . ------ f c $ 6 1 , 3 6 3 , 3 8 3
a A v e r a g e d a t e o f m a t u r i t y , d S u b j e c t t o c a ll In a n d a f t e r t h e e a r l i e r
y e a r a n d m a t u r e In t h e l a t e r y e a r ,
k N o t In c lu d in g 3 4 ,4 7 7 ,8 0 8 o f t e m
p o r a r y lo a n s r e p o r t e d , a n d w h i c h d o n o t b e lo n g in t h e l i s t ,
x Taken by
s in k in g fu n d a s a n In v e s t m e n t.
V A n d o t h e r c o n s id e r a tio n s .
BO N D S SO LD
P age.
15 17
12 2
15 17 .
15 17
15 17 .
18 4 .
18 4 .
66.
18 4 .
18 4
15 17 .
15 17 .
16 4 2 .
66.
14 6 0 .
66.
15 17 .
66.
15 17 .
12 2 .
N am e.
B Y
C A N A D IA N
R a te:
. A lln g ly S c h o o l D is tr ic t, S a s k - .
. A m h e r s t b u r g , O n t ______________ 5
. A m i t y S c h o o l D i s t r i c t , A l t a ___ 5 A
.B e ll C r e e k S c h o o l D is t ., S a s k . . 5 A
. B e r l i n , O n t _______________________ 4 A
- B is m a r c k S c h o o l D is t r ic t , O n t- 6
- B l a n f o r d T o w n s h i p , O n t ______ -
. B r a d f o r d , O n t ___________________ -
- B r a m p t o n , . O n t __________________ 5
. B r a m p t o n , O n t - ----------------------- 4 A
.B r a n d la n d S c h o o l D is t ., A l t a . 5 A
. B r i d g e t o w n , N . S --------------------- 4 A
. B r u c e C o u n t y , O n t _____________ 4 A
.B u c h a n a n S c h o o l D is t ., S a s k . 6
. B u r l i n g t o n , O n t ------------------------- 4 A
IC o llin g w o o d S . D . N o . 1 8 7 3 ,
A lta
---------------------- - - - - - - - 1 5 1 7 .C o r b e tt S c h o o l I
1578- .D o w a lly S ch o o l
1 2 2 . . F .s t e r h a z y , S a s k .
5H
5
5
5
5
A
A
5A
M U N IC IP A L IT IE S .
M a t u r it y .
19 19
19 10 -19 2 9
19 19
19 19
19 10 -19 3 9
19 19
19 3 4
19 0 9 19 2 4
19 10 19 2 4
19 19
19 10 -19 2 4
19 2 9
19 19
19 10 -19 19
19 2 4
19 2 4
19 3 4
19 2 9
19 19
19 19
19 19
19 10 -19 2 4
19 19
19 4 0
19 10 -19 3 9
19 10 -19 2 9
19 19
19 2 4
19 2 9
19 19
19 4 9
4
6 7 .F r e d e r ic t o n S c h o o l I
4 A
1 6 1 7 - . G a l t , O n t .......................
5A
15 18 ..
G e r a l d S c h o o l D ls t r l
5 A
1 5 1 8 _ . G l e n f o r d S c h o o l D is t
5M
15 18 ..
G o ose L a k e S c h o o l E
5
6 7 ..
G r e y T o w n s h ip , O nt
5 A
12 3 . .
G r ie r s o n S c h o o l D is t
4
18 4 ..
H a lifa x , N . S .
5
15 7 8 ..
H a n l e y S c h o o l D ls t r
6
1 5 7 8 . . H a r g r a v e S c h o o l D lsi
5 A
15 18 ._ H a w a r d e n Sch o o l Dl
5 A
12 3 ..
H o l a r S c h o o l D ls t r l c
4
67 ..H u r o n C o u n ty , O n t.
6
15 18 ..
H u s t o n S c h o o l D ls t r
5
6 7 ..
1 . e r v i l l e , Q u e ......................
5
1 8 4 . . K e e w a tln , O u t .. . . .
19 19
,5 A
1 5 1 8 _ . K i n g s l a n d S c h . D is t
19 19
1518. .
L a l u e r t o n S c h o o l D ls
5A
19 10 -19 19
6
15 18 ..
L an g d o n , A lta 19 3 9
1642.
-L e th b rid g e , A l t a . . .
4 A
19 3 9
16 4 2 ..
L e t h b r id g e , A l t a . . .
4 A
19 19
1642. .
L e t h b r id g e , A l t a . . .
4 A
19 10 -19 2 4
5
6 7 . . L o n d o n T o w n s h ip ,
19 19
1 5 1 8 _ _ L u n n v l l l e S c h o o l D l!
6
19 2 9
4
1 2 3 .M a c d o n a ld , M a n . . .
19 2 9
6
1 5 1 8 . M a c o u n S c h o o l D is t:
19 4 9
5
67. .
M e d ic in e H a t , A l t a .
19 2 9
67
M e d ic in e H a t , A l t a .
5
19 10 -19 3 9
5
1 2 3 . . M e d c in e H a t S . I ) . P
19 2 9
1518 . .
M e lv llle S c h o o l D ls ti
5 A
19 2 9
0
1 2 3 - . M e lv ille S c h o o l D ls ti
19 2 9
4
1 5 1 8 . M l n l o t a , M a n ----------19 19
6
12 3 _ _ M ln lt o n a s S . D . N o .
19 10 -19 19
15 7 8 ..
M o c a S c h o o l D ls t r l c
5 A
19 4 9
15 7 8 ..
M o n c to n , N . B 4 A
19 4 9
15 18 ..
M oose J a w , S a s k . . .
4 A
5
16 4 2 ..
M o o s o m ln , S a s k -----------19 2 9
5
16 4 3 .
- N e ls o n , B . C __
5 19 2 0 & 19 3 9
6 7 ..
N ia g a r a F a lls , O n t.
5
16 4 3 . .
N o r t h A t t l e b o r o , Or
5
19 4 9
16 4 3 . .
N o rth B a ttle fo rd , Sa
177
THE CHRONICLE
J u l y 1 7 1909.J
A m o u n t.
$800
16 ,4 6 2
1,2 0 0
1,5 0 0
13 .0 0 0
1,0 0 0
4 ,0 2 2
3 ,7 0 0
15 ,4 0 4
5 0 ,4 8 8
600
2 6 ,5 0 0
1 9 2280 .0 0 0
5 ,0 0 0
1 9 3497 , 2 0 0
15 ,0 0 0
800
3 5 ,3 8 8
7 6 ,0 0 0
1,2 0 0
1,8 0 0
1,0 0 0
1,5 0 0
1,5 0 0
12 ,0 0 0
15 ,0 0 0
1,2 0 0
1,3 0 0
800
11,7 4 1
1,5 0 0
12 0 ,0 0 0
16 ,0 0 0
4 ,0 0 0
4 ,0 0 0
1,6 0 0
2 0 ,0 0 0
500
8 0 ,0 0 0
8 ,0 0 0
2 ,0 0 0
950
2 ,0 0 0
15 3 ,0 0 0 )
4 4 ,5 0 0 ]
3 ,0 0 0 )
2 ,0 0 0
1,4 0 0
10 ,0 0 0
8 ,0 0 0
5 5 ,0 0 0 1
16 ,0 0 0 ]
5 0 ,0 0 0
5 ,0 0 0
10 ,0 0 0
12 ,0 0 0
2 ,9 0 0
1,5 0 0
13 3 ,0 0 0
4 0 ,0 0 0
2 3 ,0 0 0
10 ,0 0 0
4 8 ,0 7 8
7 5 ,0 0 0
10 0 ,0 0 0
99
10 2 .18
________
10 0 .6 6 6
Page.
N am e.
R a te.
1 5 7 8 . .. N o r t h f l e l d S c h o o l D i s t . , S a s k . . 5
1 5 1 8 . . - O a k v i l l e , O n t ____________________ 4 A
6 7 . .- O r r S c h o o l D i s t r i c t , M a n ---------6
1 5 1 9 . -O s g o o d e S c h o o l D is t r ic t , S a s k . 5 H
1 2 4 . . . O s n a w a , O n t . (2 I s s u e s ) ________4 A
1 5 7 9 . .. O x f o r d C o u n t y . O n t . . . ................ 5
1 6 4 3 . . O w e n S o u n d , O n t ______ __________ 4 ) 3
1 6 4 3 . .. O w e n S o u n d , O n t _______________4 A
1 2 4 . .. P a r k S p r i n g s S c h . D i s t . , A l t a . 6
1 5 7 9 . . P e r t h , O n t ______________________ 4 & 5
1 8 4 . - P e t e r b o r o u g h , O n t ------------------- 4 A
6 7 . . P e t e r b o r o u g h C o u n t y , O n t ___ 4 A
6 7 . .P h o e n ix S c h o o l D is tr ic t, S a s k . 5 A
1 2 4 . .P ilc h a k S c h o o l D is tr ic t, S a s k . 7
1 2 4 . - P o i n t D o u g la s S c h . D i s t . , M a n . 5
1 2 4 . .P o p l a r R id g e S c h . D is t ., A l t a . 6
. P o r t C o l b o r n e , O n t ------------------- 4 A
1 8 5 . - P r i n c e A l b e r t , S a s k _____________ 4 A
1 5 1 9 . . R i v e r s S c h o o l D i s t r i c t , M a n ___ 5
1 5 1 9 . . R o c a n v l U e S c h . D i s t . , S a s k ___ 5
1 5 7 9 . .R o s e n t h a l S . D . N o . 3 4 5 , A lt a . . .
1 5 1 9 . . S t . L o u is d e L a n g e v in S .D .,S a s k 6
1 5 7 9 . . S t . S t e p h e n , N . B --------------------- 4
1 8 5 . - S a s k a t o o n , S a s k ^ ----------------------- 5
6 8 . - S e m a n s S c n o o i D is t r ic t , S a s k . 7
1 5 7 9 . . S t a n f o r d T o w n s h i p , O n t --------- 5
1 2 4 . .S t o c k h o lm S c h . D is t ., S a s k . . 5 A
1 5 1 9 . .S t r a t h c o n a S c h o o l D is t ., A lt a . 5
1 5 1 9 . .S t r o m e S c h o o l D is t r ic t , A lt a . . 5 A
1 5 1 9 . .S y d e n h a m S c h o o l D is t ., A lta . 5 A
1 5 1 9 . . T a c h e S c h o o l D i s t r i c t , S a s k ___ 5 U
1 6 4 3 . . T i l b u r y , O n t ______________________ 5
1 5 1 9 . _ T o f ie ld S c h o o l D i s t r i c t , A l t a . . . 5
6 8 . . T r u r o , N . S _______________________ 4
1 5 7 9 . .U n io n H ill S c h o o l D is t ., C a n . . 6
1 2 4 . .U p l a n d S c h . D is t . N o . 2 ,2 9 0 . 5
1 2 4 . . V i c t o r i a , B . C ___________________ 4
1 5 7 9 . .V o n d a S c h o o l D is t r ic t , S a s k - . 5 A
1 5 1 9 . . W e l w y n , S a s k ___________________ 7
1 5 1 9 . .W e s le y V ie w S c h o o lD is t ., S a s k 5 A
6 8 . . W h i t b y , O n t ____________________ 5
6 8 . .W ilk ie S c h o o l D is t r ic t , S a s k . . 5 A
M a t u r it y . M A m o u n t.
19 10 -19 2 9
19 10 -19 3 9
19 10 -19 19
19 19
19 10 -19 3 9
" T
934"
19 2 9
19 10 -19 19
19 10 -19 2 9
19 10 -19 19
19 19
19 19
19 10 -19 19
19 2 9
19 2 9
19 10 -19 19
19 19
19 4 6
19 3 9
19 2 4
19 3 9
19 2 9
19 3 9
19 19
19 10 -19 19
19 19
19 10 -19 2 9
19 2 9
19 3 7 -19 3 9
19 10 -19 17
19 19
19 19
19 10 -19 3 9
19 2 4
19 19
19 3 9
19 10 - 19 19
T o t a l . ______ ____________ __________________________
R E V IS E D
TO TALS
FO R
P R E V IO U S
6 ,0 0 0
2 0 ,0 0 0
1.5 0 0
800
2 6 ,0 0 0
5 0 .0 0 0
12 5 ,0 0 0
3 0 .0 0 0
700
3 3 ,0 5 2
4 .0 0 0
4 .0 0 0
1.0 0 0
1.2 0 0
1,0 0 0
550
7 .0 0 0
8 3 ,8 0 0
9 .0 0 0
6 .0 0 0
1.5 0 0
800
5 0 .0 0 0
18 4 ,8 0 0
2 ,0 0 0
9 .0 0 0
1.0 0 0
2 0 .0 0 0
3 .0 0 0
1,2 0 0
1.0 0 0
4 .5 0 0
15 .0 0 0
113 ,0 2 5
1,0 0 0
1,2 0 0
7 3 ,9 3 1
12 .0 0 0
2 ,0 0 0
1,8 0 0
16 ,0 0 0
3 ,0 0 0
10 0 .5 3 4
10 0
9 7 .6 9 3
10 3 .6 3 4
10 0 .5 4 1
10 2 ^ 6 4 4
9 5 .7 8 '
l b i '.2 5 '
$ 2 ,3 7 6 ,2 9 1
M O N TH S.
The following items, included in our totals for previous
months, should be eliminated from the same. We give the
page number of the issue of our paper in which the reasons
for these eliminations may be found.
Page.
N am e.
A m o u n t.
1 5 1 1 . . C a n o n C i t y , C o lo . ( M a y l i s t ) ........................................................................... $ 1 0 0 , 0 C 0
1 6 3 5 . - D e c a t u r , I n d . ( A p r i l l i s t ) ------------------- ----------------------------------------12 ,0 0 0
1 7 7 2 - _ E n s l e y , A l a . / J u n e l i s t ) ----------------------- --------------------------------------- 1 7 5 , 0 0 0
1 1 8 _ - H o n e y G r o v e , T e x a s ( M a y l i s t ) _________________________________
2 ,0 0 0
6 3 _ . S a g i n a w C o u n t y , M ic h . ( F e b r u a r y l i s t ) -----------------------------------16 ,0 0 0
1 5 '6
e 'f l f f o n p r P o u n t v , O k l- i. ' M a v l l s t t
---------------- ------------------5 0 ,0 0 0
16 4 1..
W i n t e r s J o i n t U n i o n H i g h S c h o o l D i s t . , C a l . ( M a y l i s t ) ---
We have also learned of the following ad d ition a l sales for
previous months:
P age.
N am e.
R a te.
M a t u r it y .
( 119 10 -19 2 9
14 5 3 ..
A b e rd e e n S c h o o l D is t ., W a s h . 4
19 10 -19 2 4
16 3 4 . .
B e l t r a m i C o u n t y , M i n n ---4 A
1510. .
B o o n e v llle S c h o o l D is t ., N . Y . 4 1 9 1 0 - 1 9 3 9
19 19
1 5 1 0 . - B o t tin e a u C o u n ty , N o . D a k . . 6
19 2 4 & 19 2 9
1 5 1 1 . . C a r r o l l C o u n t y , I o w a ................. 4
117 ..
C h e r a w , S o . C a r o _______5
19 4 9
19 2 9
1 2 0 - . C h a r l e s t o n , U t a h _____________ 5
19 19 -19 3 1
1 1 6 . _ C h a t h a m C o . , N o . C a r o . ( M c h .) 4 A
(119 2 9 -19 4 9
1 1 6 - . C l a r e n d o n , T e x a s ( A p r i l ) ------ 5
19 2 5 -19 2 9
1 5 7 2 . - D e s M o in e s S c h o o l D i s t . , I o w a 4
15 12 ..
E u c a ly p t u s S c h o o l D is t ., C a l . . 5 1 9 1 0 - 1 9 1 9
19 14 -19 2 4
15 12 ..
F e r g u s C o . S . D . N o . 1 , M o n t . (4 1 A
12 0 ..
H e l p e r S c h o o l D i s t r i c t , U t a h . . ( 151 9 1 3 - 1 9 2 8
( 119 2 9 -19 19
118 ..
H o n e y G r o v e , T e x a s ___5
19 3 9
15 12 . .
J e f f e r s o n C o u n t y , T e n n .5
V a r io u s
15 7 3 ..
K a n s a s ( 5 I s s u e s ) _____4 t $ & 5
d 4l 9A 1 9 - 1 9 3 9
15 12 ..
L a w r e n c e , K a n s ________
19 19 -19 2 8
1 1 8 . - L i n c o l n C o u n t y . I d a h o ( A p r i l) 4 A
( 119 14 -19 2 9
1 1 8 - . L t t l e R o c k I o w a ------------------- 5
19 4 8
1 5 7 4 . . L o c k l a n d , O h i o ................................ 4
19 2 9
12 0 . .
M i d w a y , U t a h _________ 5
1 5 1 3 . - M i n n e s o t a ( 1 5 I s s u e s ) ------------ 4
19 2 8
I 2 0 .- M y t o n S c h o o l D is tr ic t, U t a h .. 6
d 19 2 4 - 19 3 9
1 5 7 5 _ . N e w W i n d s o r S . D . N o . 4 , C o lo 5
15 7 5 ..
N o r t h D a k o t a ( 1 6 I s s u e s , A p r il) 4
19 3 9
1 6 3 9 . . P o r t a l e s , N e w M e x ---------------- 6
1 5 7 6 ,- R o c k p o r t S c h o o l D istr ic t, M o . 4 A
19 10 -19 2 9
1 5 1 5 . . S e llc r s v ille S c h o o l D is t r ic t , P a . 4
( 119 14 -19 2 9
1 5 1 5 _ _ S i k e s t o n , M o ------------------------- 5
( 1 1 952 9 - 1 9 4 9
16 4 1..
W o lf e C i t y , T e x a s ( A p r i l ) --------------
A m o u n t.
$ 7 0 ,0 0 0
19 5 ,0 0 0
4 0 ,0 0 0
15 ,0 0 0
4 0 ,0 0 0
15 ,0 0 0
3 ,8 0 0
2 5 ,0 0 0
2 5 ,0 0 0
2 0 0 ,0 0 0
2 ,10 0
15 ,0 0 0
10 .0 0 0
7 ,0 0 0
17 5 ,0 0 0
2 5 ,3 0 0
11 5 ,0 0 0
2 8 .0 0 0
8 ,0 0 0
8 ,0 0 0
5 ,5 0 0
9 2 ,2 7 0
5 ,5 0 0
2 3 ,0 0 0
7 4 ,2 5 0
7 5 ,0 0 0
10 ,0 0 0
15 ,0 0 0
3 0 ,0 0 0
2 ,5 0 0
I ’ r ic e .
10 0
10 0 .2 5
10 8 .2 5
10 0
10 0 .5 0
10 2 .4 5 2
10 0 .3 7 5
10 0
10 2 .8 5 6
10 0
10 3 .12 5
10 0
10 0
10 0
10 5 .10
10 0
10 1.3 3 3
10 0 .0 6
10 1.0 8 3
10 1
All the above sales (except as indicated) are for May.
These additional May issues will make the total sales (not
including temporary loans) for that month $25,567,965.
News Items.
97
________
________
10 9 .2 9 1
Massachusetts.— L e g a l In vestm en ts fo r S a vin g s B a n k s .—
The Savings Bank Commissioner announces that in addi
tion to the bonds already legal investments for savings banks
of Massachusetts (V. 88, p. 894), the following bonds of
the Louisville & Nashville R R. were added to the list on
July 1:
•
L o u is v ille & ;N a s h v ille
fu n l. 4 s . . 19 4 0
6 s ..1 9 3 0
lis t
5 s ..19 3 1
Is.
6 S ..19 10
E v a n s v i l l e , H e n d e r s o n & N a s h v l l l e l D l v ------------------------------------------ 6 s . . 1 9 1 9
S o u t h e a s t & S t . L o u i s D I v ______________________________________________ 6 s . . 1 9 2 1
M o b ile & M o n t g o m e r y D l v _________________ _______________________ 4 M s . _ 1 9 4 5
N e w O r le a n s & M o b ile D l v ________________________ $ 5 , 0 0 0 , 0 0 0 1 s t 6 s . . 1 9 3 0
RR -------- ------------------------------------------------- ( g e n .
f.
10 1.13 7
9 7 .3 1
1 0 4 .0 8 4
10 2 .2 0
9 7 .6 6 6
10 3 .3 1
10 3 .3 2
10 1.0 2
10 1.5 2 7
10 0
United States.— Pro-posed In co m e T a x A m en d m en t P a ssed
by B oth the U . S . S en a te and H o u s e o f R e p r e s e n ta tiv e s .— By a
vote of 318 to 14 the House on July 12 adopted the joint
resolution which was unanimously accepted by the Senate
on July 5 (77 Senators voting), providing for an amend
ment to the U. S. Constitution (to be known as Article X V I.)
authorizing Congress to levy an income tax without appor
tionment among the States according to population. The
text of the resolution is as follows:
R e s o lv e d , b y th e S e n a te a n d H oU se o f R e p r e s e n t a t iv e s o f th e U n ite d
S t a t e s o f A m e r i c a , In C o n g r e s s a s s e m b l e d ( t w o - t h i r d s o f e a c h H o u s e c o n
c u r r i n g h e r e i n ) . t h a t t h e f o ll o w i n g A r t i c l e is p r o p o s e d a s a n A m e n d m e n t
to th e C o n s titu t io n o f th e U n ite d S t a t e s , w h ic h , w h e n r a t ifie d b y th e le g i s
la t u r e s o f th re e -fo u rth s o f th e s e v e r a l S t a t e s , s h a ll b e v a lid to a ll In te n ts
a n d p u rp o s e s a s a p a r t o f th e C o n s titu tio n :
HJt A r t i c l e X V I . T h e C o n g r e s s s h a l l h a v e p o w e r t o l a y a n d c o l l e c t t a x e s o n
In c o m e s, fro m w h a t e v e r s o u rc e d e r iv e d , w ith o u t a p p o r tio n m e n t a m o n g th e
s e v e r a l S t a t e s , a n d w ith o u t r e g a r d to a n y c e n s u s o r e n u m e r a tio n .
3 0 ,0 0 0
178
THE CHRONICLE
[VOL. L X X X IX •
This amendment will be presented to the various State $ 5 0 0 , 0 0 0 5 0 - y e a r w a t e r b o n d s , a w a r d e d t o M a c k a y & C o . o f N e w Y o r k
C it y a t 1 0 4 .0 3 7 — a b a s is o f a b o u t 3 . 8 1 9 % .
legislatures, and if ratified by three-fourths of them, will
2 0 0 .0 0 0 (2 is s u e s ) 1 - 2 0 - y e a r ( s e r ia l) w a t e r r e f u n d i n g b o n d s , a w a r d e d t o
A . B . L e a c h & C o . o f N e w Y o r k C it y a t 1 0 0 .6 7 — a b a s is o f a b o u t
then become a law. It is urged that the earliest date on
3 .9 2 2 % .
which such an amendment could take effect would be in
3 0 0 . 0 0 0 2 0 - y e a r s c h o o l b o n d s , a w a r d e d t o A . B . L e a c h & C o . a t 1 0 1 . 7 7 __
a b a s is o f a b o u t 3 . 8 7 3 % .
1911, as out of the forty-six States in the Union, there are
1 5 0 . 0 0 0 1 - 2 0 - y e a r ( s e r ia l) m u n i c i p a l - b u i l d i n g b o n d s , a w a r d e d t o A . B .
only six which hold annual sessions, namely, Massachusetts,
L e a c h & C o . a t 1 0 0 .6 7 — a b a s is o f a b o u t 3 . 9 2 2 % .
Rhode Island, New York, New Jersey, South Carolina and
5 0 . 0 0 0 2 0 - y e a r p la y g r o u n d b o n d s , a w a r d e d t o A . B . L e a c h & C o . o f N e w
Y
o r k C it y a t 1 0 1 . 7 7 — a b a s is o f a b o u t 3 . 8 7 3 % .
Georgia. Twelve of the States will hold legislative sessions
4 0 .0 0 0 1 - 1 0 - y e a r ( s e r ia l) u n d e r g r o u n d p o lic e a n d fir e w ir e b o n d s , a w a r d e d
during 1910; in the remaining thirty-four States the legisla
t o A. B . L e a c h & C o . a t 1 0 0 . 0 7 — a b a s i s o f a b o u t 3 . 9 8 6 % .
tures do not meet until 1911. It might be possible, however,
Carmen, Alfalfa County, Okla.— B o n d O f f e r i n g . — Propos
to expedite action by convening the legislatures in extra als will be received until 8 p. m. July 26 by John A. Camp
session, and in several of the States the expediency of bell, Chairman, for $30,000 coupon water-works bonds.
taking such a step appears to be already under consideration. Bids are requested for 5% , 5 } 4 % and 6% bonds.
Bond Proposals and Negotiations this week
Hjave bean as follows:
Abbeville School District (P. O. Abbeville), So. Caro.—
P r i c e P a i d f o r B o n d s . — The Robinson-Humphrey Co. of
Atlanta inform us that they paid 103
accrued interest
and cost of blank bonds for the $20,000 5% 20-40-year
(optional) bonds awarded them (Y. 89, p. 115) on April 10.
Allentown, Lehigh County, Pa.— B o n d O f f e r i n g . — Pro
posals will be received until 5 p. m. July 30 by T. P. Wenner,
Secretary, for $78,000 4% coupon school-building bonds.
D e n o m in a tio n $ 5 0 0 .
D a te A u g . 2 19 0 9 .
I n t e r e s t s e m i- a n n u a l.
M atu r
i t y a s f o ll o w s : $ 1 4 , 0 0 0 In 1 9 2 4 , $ 1 8 , 0 0 0 In 1 9 2 9 , $ 2 1 , 5 0 0 In 1 9 3 4 a n d
$ 2 4 , 5 0 0 In 1 9 3 9 .
C e r tifie d c h e c k f o r 5 % o f b id , p a y a b le to th e D is t r ic t
T r e a s u r e r , Is r e q u i r e d .
B o n d s a r e e x e m p t fr o m t a x a t io n .
Anderson County (P. O. Clinton), Tenn.— B o n d s A u t h o r
is stated that the County Court on July 5 authorized
the issuance of $100,000 road bonds.
i z e d . — It
Ashburn, Turner County, Ga.— B o n d S a l e . — J. H. Hilsman & Co. of Atlanta inform us that the total amount of 5%
water-works, electric-light ahd school bonds purchased by
them (Y. 89, p. 116) aggregates $55,000.
D e n o m in a tio n to s u it p u rc h a s e r.
D a te A u g .
1 19 0 9 .
I n t e r e s t s e m i
a n n u a l l y a t t h e o f f i c e o f t h e f i s c a l a g e n t In O k l a h o m a .
M a tu r ity A u g . l
19 3 4 .
C e r t i f i e d c h e c k f o r 5 % o f b i d , p a y a b l e t o t h e C h a i r m a n , is r e q u i r e d .
B o n d s a r e e x e m p t f r o m t a x a t i o n in O k l a h o m a .
Carnegie, Allegheny County, Pa.— B o n d O f f e r i n g . — Pro
posals will be received until 7:30 p. m. July 21 by Geo.
Rosser, Clerk of Council, for the following 4J^% bonds,
aggregating $72,000: .
$ 1 2 ,0 0 0
fu n d in g b o n d s .
M a t u r it y $ 2 ,0 0 0 J u l y 1 1 9 1 6 a n d $ 5 ,0 0 0 o n J u l y 1
In e a c h o f t h e y e a r s 1 9 1 7 a n d 1 9 1 8 .
s e w e r - c o n s t r u c t io n b o n d s .
M a t u r i t y $ 5 , 0 0 0 o n J u l y 1 In e a c h o f
th e y e a r s 1 9 1 9 a n d 19 2 0 .
5 0 .0 0 0 s t r e e t - i m p r o v e m e n t b o n d s .
M a t u r it y $ 5 ,0 0 0 o n J u l y 1 fr o m 1 9 2 1
to 19 3 0 I n c lu s iv e .
D e n o m in a tio n $ 1 ,0 0 0 .
D a t e J u l y 1 19 0 9 .
In t e r e s t s e m i-a n n u a l.
C e r t lfle n c h e c k f o r $ 1 , 0 0 0 , p a y a b l e t o t h e B o r o u g h 'T r e a s u r e r , Is r e q u i r e d .
B o n d s a re e x e m p t fro m S ta t e t a x .
10 .0 0 0
Cecil County (P. O. Elkton), Md.— B o n d S a l e .— The
$25,000 5% road and highway improvement bonds described
in V. 89, p. 116, were purchased on July 13 by Hambleton
& Co. of Baltimore at 105.583 and accrued interest. Fol
lowing are the bids:
H a m b le t o n & C o ., B a lt im o r e . 1 0 5 . 5 8 3 1 F . P . P r ic e , E l k ’n ( $ 5 ,0 0 0 b d s .) . . 1 0 5
T . C . C r u l k s h a n k , C e c i l t o n ( $ 4 ,N a t i o n a l B a n k o f E l k t o n _____1 0 4 . 8 5
M rs. E . S . F r a n c e , P t . D e p ’t . 10 3
|
0 0 0 b d s . ) . . . ............ ........... ..............- . p a r
M a tu r ity J u l y 1 1 9 1 8 .
Chatham (P. O. East Hampton), Middlesex County,
Conn.— P u r c h a s e r s o f B o n d s .— The Town Treasurer writes
D e n o m in a t io n $ 1 ,0 0 0 .
B o n d s a re ta x-e x em p t.
M a t u r it y o n J a n
1 as
us that the $37,000 4% refunding railway bonds recently
fo llo w s : $ 1 ,0 0 0 y e a r ly fr o m 1 9 1 4 t o 1 9 2 5 In c lu s iv e , $ 2 ,0 0 0 y e a r ly fr o m 19 2 0
sold at par (V. 89, p. 116) were disposed of as follows:
t o 19 3 4 In c lu s iv e a n d $ 5 ,0 0 0 y e a r ly fr o m 1 9 3 5 t o 1 9 3 9 I n c lu s iv e .
$19,000 to the Middletown Savings Bank and $18,000 to the
Atlantic City, N. J.— B o n d O f f e r i n g . — Further details are Farmers’ & Mechanics’ Savings Bank, both of Middletown.
at hand relative to the offering on July 24 of the following Denomination $1,000. Date, June 1 1909. Interest semi
annual. Maturity $2,000 yearly after three years.
gold coupon bonds mentioned in V. 89, p. 58.
$ 1 2 0 ,0 0 0 4 y 2 % s c h o o l-h o u s e a n d s it e - p u r c h a s e b o n d s d a t e d J u l y 1 19 0 9 .
Chicago, 111.— P r i c e P a i d f o r T a x W a r r a n t s . — We learn
In t e r e s t p a y a b le a t t h e N a t io n a l P a r k B a n k .
M a tu r ity
through the City Comptroller that par was the price paid for
J u l y 1 19 4 3 .
10 0 ,0 0 0
4 y i % A lb a n y A v e n u e b o n d s d a t e d J u l y 1 19 0 9 .
I n t e r e s t p a y the $615,000 3% warrants issued in anticipation of the
a b le a t th e N a tio n a l P a r k B a n k .
M a tu r ity J u l y l 19 4 3 .
collection of taxes and sold on June 18 to the various deposi
9 3 .0 0 0 4 H % d r a in a g e b o n d s d a t e d J u l y 1 19 0 8 .
In t e r e s t p a y a b le a t th e
tory banks of the city. See V. 88, p. 1635. Maturity
H a n o v e r N a t io n a l B a n k .
M a t u r it y J u l y l 19 3 8 .
2 8 .0 0 0 4 %
lir e -h o u s e - e r e c tio n b o n d s d a te d J a n . 1 19 0 9 .
In te r e st
$30,000 July 17 1909, $369,000 July 27 1909 and $216,000
p a y a b le a t th e H a n o v e r N a t io n a l B a n k .
M a t u r it y J a n . 1
Aug. 17 1909.
19 4 4 .
2 0 ,0 0 0 , 4 %
p a v in g b o n d s d a te d J a n . 1 19 0 9 .
I n t e r e s t p a y a b le a t th e
Columbia County (P. O. Bloomsburg), Pa.— B o n d O ffe r s
N a t io n a l P a r k B a n k .
M a t u r it y J a n . 1 19 2 9 .
18 .0 0 0 4 %
c it y -h a ll b o n d s d a te d J a n . 1 19 0 9 .
In te re s t p a y a b le a t
i n g .— The County Commissioners will offer at public sale at
th e H a n o v e r N a t io n a l B a n k .
M a t u r it y J a n . 1 1944.
10 a. m. to-day (July 17) $14,000 4% refunding bonds. Ma
Proposals for the above bonds will be received until 12 m. turity $1,000 in each of the years 1920, 1921, 1922 and 1923
on that day (July 24) by A. M. Heston, City Comptroller.
and $5,000 in each of the years 1935 and 1936.
■ D e n o m in a tio n $ 1 ,0 0 0 .
I n t e r e s t s e m i - a n n u a l l y In N e w Y o r k C i t y .
B id s
Columbus School District (P. O. Columbus), Hamilton
m u s t b e u n c o n d i t i o n a l , m a d e f o r “ a l l o r n o n e , ” a n d b e o n a b l a n k fo r m
fu r n is h e d b y A . M . H e s t o n , C it y C o m p t r o lle r .
B o n d s a r e f r e e fr o m t a x
County, Ohio.— B o n d O f f e r i n g .— Proposals will be received
a t io n .
C e r tifie d c h e c k (o r c a sh ) f o r 5 7 ,0 0 0 , m a d e p a y a b le to th e C it y
until 12 m. July 28 for $60,000 4% school bonds.
C o m p tr o lle r , re q u ir e d .
O f f i c i a l a d v e r t i s e m e n t s t a t e s t h e r e Is n o l i t i g a t i o n
a ffe c t in g th e b o n d s .
T h e C o l u m b i a T r u s t C o . o f N e w Y o r k C i t y w ill c e r
t i f y a s t o th e g e n u in e n e s s o f t h e b o n d s , a n d th e le g a lit y o f th e s a m e w ill b e
a p p r o v e d b y D i l l o n & H u b b a r d o f N e w Y o r k C i t y , a c o p y o f w h o s e o p in io n
w ill b e d e liv e r e d to th e p u r c h a s e r .
D e liv e r y o f b o n d s on o r a b o u t A u g 1
19 0 9 .
S u c c e s s fu l b id d e r to p a y a c c r u e d In te re st.
A u t h o r it y S e c tio n 3 9 9 4 , R e v is e d S t a t u t e s .
D e n o m in a tio n $ 1 ,0 0 0 .
D a te
A u g . 2 19 0 9 .
In t e r e s t s e m i-a n n u a lly a t th e Ila y d e n - C lln t o n N a t io n a l
B a n k In C o l u m b u s .
M a tu r ity t w e n t y y e a r s .
C e r tifie d c h e c k o n a lo c a l
b a n k f o r $ 1 , 2 0 0 , p a y a b l e t o t h e B o a r d o f E d u c a t i o n , Is r e q u i r e d .
H a r la n
P . J u d d Is t h e C l e r k o f t h e B o a r d .
Crofton, Knox County, Neb.— B o n d s V o t e d .— An election
held July 2 resulted in favor of a proposition to issue $5,000
Bell County (P. O. Belton), Tex.— P u r c h a s e r o f B o n d s . __ 5% 5-20-year (optional) electric-light bonds. The vote was
The County Treasurer informs us that the purchaser of the 64 “ for” to 16 “ against.”
Dawson County School District No. 13, Mont.— B o n d O f
$39,000 4% 10-40-year (optional) court-house refunding
bonds disposed of on May 10 was the Harris County Bank f e r i n g .— Proposals will be received until July 20 by Andrew
O. Foss, District Clerk (P. O. Fairview), for $1,000 5%
& Trust Co. of Houston and not the Harris Trust & Savings
Bank of Chicago, as reported in V . 89, p. 58. The price coupon school-building bonds.
paid was par. Denomination $1,000. Date May 10 1909. C oDu ne nt yo mT irneaatsi ou nr e r ’s$ 5 0o0f f. i c e D Ina t e G lJeunldy l v e1 . 1 9M0 9a .t u r iItny t eJ rue lsyt 1a n1n9 u1 9a l. l y Baotn dtehde
Interest April 10.
d e b t a t p rese n t $ 1 ,0 0 0 .
N o flo a t in g d e b t .
A sse sse d v a lu a t io n 19 0 8 ,
Beloit Union School District No. 1 (P. O. Beloit), Rock $ 6 8 , 7 6 7 .
Dubuque,
Iowa.
—
B
o
n
d
s
A
u
t
h
o
r
i
z
e
d
.— This city has au
County, W is.— B o n d O f f e r i n g . — Proposals will be received
until 1 p. m. July 23 by B. P. Eldred, District Clerk, for thorized the issuance of $15,000 5% coupon refunding im
provement bonds.
$9,000 4 f£ % school-heating-plant bonds.
T h e o f f i c i a l n o tic e o f t h is b o n d o f fe r i n g w i ll b e f o u n d a m o n g
th e a d v e r t i s e m e n t s els ew h er e i n th is D e p a r t m e n t .
D e n o m in a t io n $ 5 0 0 .
D ate A u g u st 2 19 0 9 .
In te r e s t a n n u a l a t th e
S e c o n d N a t io n a l B a n k o f B e lo it .
M a tu r ity $ 1 ,0 0 0 y e a r ly o n F e b r u a r y l
fr o m 1 9 1 0 to 1 0 1 8 In c lu s iv e .
A u t h o r it y , C o d e o f Io w a , S e c tio n 8 4 8 .
D e n o m in a tio n $ 5 0 0 .
D ate
Ju n e 1 19 0 9 ,
I n t e r e s t s e m i - a n n u a l l y a t t h e C i t y T r e a s u r e r 's o f f i c e .
M a tu r
i t y J u n e 1 1 9 1 6 , s u b j e c t t o c a ll a t a n y t i m e .
D e n o m in a tio n $ 1 0 0 .
In te re st Ja n .
f ie d c h e e k f o r $ 5 0 0 Is r e q u i r e d .
19 3 9 .
C e r tifie d c h e c k o n , o r a c e r tific a t e o f d e p o s it o f, a n a t io n a l b a n k fo r
1 % o f b i d , p a y a p l e t o t h e C i t y o f D u l u t h , is r e q u i r e d .
P u rc h a ser to p a y
a c c ru e d In te re st.
Duluth, St. Louis County, Minn.— B o n d O f f e r i n g . — Pro
Booneville, Prentiss County, Miss.— B o n d O f f e r i n g . — Pro
posals will be received until 12 m. Aug. 15 (this date falls on posals will be received until 7:30 p. m. July 19 by the Common
Council for $50,000 4% gold coupon park-improvement
Sunday, but is so given in the official advertisement) by the bonds.
Mayor and Board of Aldermen, J. T. Barnett, Clerk, for
A u t h o r it y , C h a p te r 9 3 , G e n e r a l L a w s o f 19 0 7 .
D e n o m in a tio n s $ 1 ,0 0 0 ,
$ 500, $10 0 an d $50 .
D a t e . J u l y 1 19 0 9 .
In t e r e s t s e m i-a n n u a lly a t th e
$10,000 4}^% school-building bonds.
A m e r i c a n E x c h a n g e N a t i o n a l B a n k In N e w Y o r k C i t y .
M a tu r ity J u l y 1
1.
M a tu r ity A u g . 3
19 2 9 .
C e r ti
T h e o f f i c i a l n o t ic e o f t h is b o n d o f f e r i n g w i l l b e f o u n d a m o n g
Eaton, Preble County, Ohio.-—P r i c e P a i d f o r B o n d s . —
We are advised that the price paid for the $2,000 4% school
Brewster, Nobles County, Minn.— B o n d S a l e . — An issue bonds awarded on" May 24 to the Eaton National Bank and
of $5,000 water-works bonds due part yearly from 1919 to the Preble County National Bank, both of Eaton (V. 88,
1928 inclusive has been disposed of to the State of Minnesota. p. 1454) was par.
Essex County (P. O. Newark), N. J.— B o n d O f f e r i n g . —Brinkley School District, Monroe County, Ark.— B o n d
S a l e . — This- district has awarded an issue of $20,000 6%
Proposals will be received until 3 p .m . July 28 by the Finance
10-30-year bonds to the State National Bank.
Committee, Board of Chosen Freeholders, Amos W. Harrison,
Buffalo, N. Y .— B o n d S a l e . — The following award was Chairman, for $250,000 4% gold coupon park bonds.
made on July 16 of the seven issues of 4% registered bonds
D e n o m in a tio n
* 1,0 0 0 .
D a te
Aug.
1
19 0 9 .
I n t e r e s t s e m i-a n n u a l.
described in V. 89, p. 116:
M a tu rity A u g . 1 19 4 9 .
C e r tifie d c h e c k f o r $ 2 ;5 0 0 I s lr e q u lr e d .
P u rch a ser
th e a d v e r t is e m e n t s els ew h er e i n th is D e p a r t m e n t .
July
17 1909.)
179
THE CHRONICLE
to p a y a c c ru e d In te re st.
B id m u s t b e u n c o n d it io n a l.
T h e b o n d s w ill b e
re a d y fo r d e liv e r y A u g . 18 19 0 0 .
T h e g e n u in e n e s s o f t h e b o n d s w i l l b e
c e r tifie d to b y th e U n ite d S t a t e s M o rtg a g e & T r u s t C o . o f N e w Y o r k C it y .
T h e o f f i c i a l n o tic e o f th is b o n d o f fe r i n g w ill b e f o u n d a m o n g
th e a d v e r t i s e m e n t s elsew h er e i n t h is D e p a r t m e n t .
Jefferson County Navigation District (P. O. Beaumont),
Texas .— B o n d s V o t e d .— The $498,000 river-improvement
bonds were, according to Beaumont papers, favorably voted
at the election held (V. 88, p. 1512) on July 8. The vote
polled was 1,285 Tor” to 105 “ against.”
Kendall County (P. O. Boerne), Tex .— B o n d s A u t h o r i z e d .—
On July 6 this county authorized the issuance, according to
Galveston papers, of $7,000 bonds for the purpose of build
ing an addition to the present court house.
Kilmichael, Montgomery County, Miss .— B o n d s A u t h o r
i z e d .— This place has, it is stated, authorized the issuance of
$6,000 school-building bonds.
La Grange School District (P. O. La Grange), Fayette
County, Tex .— B o n d s V o t e d .— The $17,500 5% 10-40-3rear
(optional) school-building bonds voted on May 1 (V. 88, p.
1211) were again submitted to a vote on June 30. The
issue carried by a vote of 100 to 31. The bonds, we are in
formed, will be offered after July 15.
Lawrence, Essex County, Mass.— B o n d O f f e r i n g . — Pro
posals will be received until 11 a. m. July 22 by Wm. N.
Hamel, Treasurer, for $36,000 4% coupon municipal bonds.
Fairfield, Olay County, Neb.— B o n d s V o t e d . — The electors
of this city on June 30 voted, it is stated, to issue bonds for
the purpose of installing a water-works-system and an
electric-light plant.
Fall River, Mass.— B o n d S a l e . — This city on July 14
awarded $100,000 30-year playground and $60,000 20-year
special school-house 3j/£% bonds to Blake Bros. & Co. of
Boston at 100.44— a basis of about 3.47%. Denomination
$1,000 or multiple thereof. Date July 1 1909. Interest
semi-annual.
B o n d s N o t S o l d . — On the same day there was offered but
not sold an issue of $125,000 (dated May 1 1909) and one
of $15,000 (dated July 1 1909) special school-house bonds.
The first of these issues matures on May 1 as follows: $5,000
yearly from 1910 to 1914 inclusive and $4,000 from 1915 to
1939 inclusive; while the latter issue matures $500 yearly
on July 1 from 1910 to 1939 inclusive. In addition to the
bid of Blake Bros. & Co., which was for the two loans a n Dn ue an lol ym ianta ttiho en sC i{t6y0 0T r ae na sdu r{e1 r, 0’s0 o0 f.f i c eD ao tre a Jtu tnhee 1E l 1i o9 t0 9N. a t iIonnt ea rl e sBta ns ek moi f
awarded them, a joint offer of $100,057 for all four issues B o s t o n . M a t u r i t y { 3 , 6 0 0 y e a r l y o n J u n e 1 f r o m 1 9 1 0 t o 1 9 1 9 i n c l u s i v e .
was received from R. L. Day & Co., Estabrook & Co. and To fh eBsoe s tboonn. d s Twh iel ly bael s oc e rc tei rf iet i df y atsh at ot tt hh iesi ri sgs eune u hinaes nbe es es nb ay ptphreo vCeidt y b Ty r uS ts ot rCe yo ,.
T h o r n d i k e , P a l m e r & T h a y e r o f B o s t o n , a c o p y o f w h o s e o p in io n w i l l b e
Merrill, Oldham & Co., all of Boston.
fu r n is h e d w ith o u t c h a rg e to th e p u r c h a s e r .
B o n d s w ill b e r e a d y fo r
Fayette, Fulton County, Ohio.— N o B o n d s V o t e d . — We d e l i v e r y A u g . 1 . O f f i c i a l c i r c u l a r s t a t e s t h a t t h i s c i t y h a s n e v e r d e f a u l t e d
In
p
a
y
m
e
n
t
o
f
I
n
t
e
r
e
s
t
a
n
d
p
r
i
n
c
i
p
a
l
a
n
d
n
o
n
e
o
f
I t s b o n d Is s u e s h a s .b e e n
are informed that the reports that this village voted on
June 28 to issue electric-light-plant bonds (V. 89, p. 59) are c o n t e s t e d .
Litchfield, Medina County, Ohio . — D e s c r i p t i o n o f B o n d s .—
erroneous.
We are advised that the $1,200 repair bonds awarded on
B o n d E l e c t i o n . — Our informant adds, however, that an
election will be held July 19 to vote on the question of issuing July 6 to the Savings Deposit Bank Co. of Medina at 100.092
(V. 89, p. 118), carry 5% interest, payable semi-annually.
bonds amounting to about $12,000.
Denominations $500 and $200. Date July 7 1909. Ma
Ferris School District (P. O. Ferris), Tex.— B o n d s V o t e d .— turity two years.
A proposition to issue $25,000 5% 40-year school-house
Lucas County (P. O. Toledo), Ohio. — B o n d S a l e .— Breed
bonds carried by a vote of 89 to 12 at an election held July 3.
& Harrison of Cincinnati were the successful bidders on
Fort Worth, Texas.— B o n d S a l e . — The $100,000 4J^% July 1 for the $36,000 4 lA % bridge-improvement and the
20-40-year (optional) street-improvement bonds registered $26,709 80 5% stone and gravel-road bonds described in
on June 15 by the State Comptroller (V. 88, p. 1636) were V. 89, p. 61. The price paid by them was 102.56 for the
recently awarded to the Noel Young Bond & Mortgage Co. bridge bonds and 104.25 for the road bonds. Following are
of St. Louis.
the bids:
D e n o m in a t io n { 1 , 0 0 0 .
D a te M a y
t h e H a n o v e r N a t i o n a l B a n k In N e w
1 10 0 9 .
In t e r e s t s e m i-a n n u a lly a t
Y o r k C ity .
Franklin, Tenn.— B o n d s V o t e d . — Dispatches state that an
election held July 3 resulted in a vote of 132 “ for” to 22
“ against” a proposition to issue $35,000 water-works and
sewerage-system bonds.
Fredonia, Chatauqua County, N. Y .— B o n d O f f e r i n g . — Re
ports state that proposals will be received until July 21 for the
following 4}^% bonds:
{ 3 6 ,0 0 0
B r id g e B o n d s .
B r e e d & H a r r i s o n , C i n c i n n a t i -------------------$ 3 6 ,9 2 1
O h io S a v i n g s B a n k & T r u s t C o . , T o l e d o ---------------- 3 6 ,9 0 8
F i r s t N a t i o n a l B a n k , C l e v e l a n d _____________________ 3 6 , 8 9 0
S e c u r i t y S a v i n g s B a n k tc T r u s t C o . , T o l e d o _____ 3 6 . 7 7 8
O t is & H o u g h , C l e v e l a n d ______________________________ 3 6 . 7 2 5
N a t i o n a l B a n k o f C o m m e r c e , T o l e d o ______________ 3 6 , 7 2 0
N . W . H a r r i s & C o . , N e w Y o r k ___________________ 3 0 , 7 1 3
H a y d e n , M ille r & C o . . C l e v e l a n d __________________ 3 6 , 6 7 0
W e l l , R o t h & C o . . C i n c i n n a t i ________________________ 3 6 , 5 8 9
C i t i z e n s ’ S a v i n g s B a n k & T r u s t C o . , T o l e d o _____ 3 6 , 5 2 8
60
75
00
00
00
00
00
00
30
15
$ 2 6 ,7 0 9 8 0
Road Bonds.
$ 2 7 ,8 4 5 07
2 7 ,8 3 8 8 5
2 7 ,8 2 8 8 0
2 7 ,7 19 80
2 7 ,5 6 9 8 0
__________
___________
2 7 ,6 3 9 80
2 7 ,5 4 8 90
.....................
McDade Independent School District (P. O. McDade),
Bastrop County, T ex . — B o n d s V o t e d .— A proposition to
issue 40-year school-building and site-purchase bonds car
ried by a vote of 63 to 20, it is stated, at an election held
Denomination $1,000.
Fulton County (P. O. Wauseon), Ohio.— B o n d S a l e . — Re July 3.
Madison, Fla .— B o n d s V o t e d .— It is stated that this town,
ports state that the Ohio Savings Bank & Trust Co. has pur
chased five issues of 4 j^% 1-6-year (serial) road-improvement at an election held July 6, authorized the issuance of the fol
bonds aggregating $77,200, for $78,026 53— the price thus lowing bonds:
$ 5 ,0 0 0 w a t e r - m a in b o n d s .
V o te 1 1 2 " f o r ” to 4 1 " a g a in s t .”
being 101.07.
{ 1 5 , 0 0 0 s c h o o l-d o r m ito r y b o n d s .
V o te 10 3 " f o r ” to 50 " a g a in s t .”
$ 2 5 ,0 0 0 s e w e r a g e b o n d s .
V o te 80 " f o r ” to 56 “ a g a in s t .”
Galena, Cherokee County, Kan.— P r i c e P a i d f o r B o n d s .—
Mansfield School District (P. O. Mansfield), Tarrant
The price paid for the $40,000 5% 1-20-year (serial) waterworks-system bonds awarded on July 1 to R. W. Morrison County, Texas .— B o n d s V o t e d .— An issue of $15,000 school
& Co. of Kansas City, Mo. (V. 89, p. 117), was $41,287, or bonds was, according to Dallas papers, favorably voted at
an election held on July 6.
103.217. This is on an interest basis of about 4.61% . 1
Marietta, Washington County, Ohio . — B o n d S a l e .— An
Grand Haven, Ottawa County, Mich.— B o n d s V o t e d . —
This place, according to reports, has voted to issue $30,000 issue of $19,350 40 4% sewer bonds was purchased by the
Sinking Fund Trustees of this city on June 4 at par and
bonds for establishing manufacturing plants.
Grandville School District, Kent County, Mich.— B o n d accrued interest.
D e n o m in a tio n { 9 5 7 5 2 .
D a te , F e b . 1 1 19 0 9 .
In te re st a n n u a l.
M atu r
O f f e r i n g . —Proposals will be received until 12 m. July 20 by
l t y { 9 6 7 5 2 y e a r ly o n F e b . 14 fr o m 1 9 1 0 to 19 2 9 In c lu s iv e .
C. E. Locke, Director, for $15,000 4% coupon school-house
Marion, Marion County, Kan .— B o n d S a l e .— On June 17
bonds.
the $48,000 water-works-plant and the $12,000 electric-light
In t e r e s t s e m i-a n n u a lly a t G r a n d v ille .
C e r tifie d c h e c k fo r $ 1 ,0 0 0 , p a y
a b l e t o t h e T r e a s u r e r , Is r e q u i r e d .
B o n d s a re e x e m p t fro m ta x e s .
A s ; plant 4 j^ % bonds, proposals for which were asked until
May 31, were awarded to the H. P. Wright Investment Co.
s e s se d v a lu a t io n { 3 6 0 ,0 0 0 .
Grant County (P. O. Elbow Lake), Minn.— B o n d S a l e .— of Kansas City, Mo., for $60,050 (100.083) and accrued in
The Minnesota Loan & Trust Co. of Minneapolis was the; terest. The bonds aj-e due one-third of each issue on April 1
successful bidder on June 15 for the $50,000 coupon drainage: in 1924, 1929 and 1934, and are described in V. 88, p. 1387.
bonds, a description of which was given in Y. 88, p. 1512.
Medford, Mass.— T e m p o r a r y L o a n .— This city has awarded
The price paid was par for 4)^s. The bonds are dated1 a temporary loan of $15,000 to Loring, Tolman & Tupper of
July 1 1909 and mature $15,000 in 1914 and $3,500 yearly Boston at 3.375 discount. Loan matures Feb. 14 1910.
from 1915 to 1924 inclusive.
Miller Farms School District (P. O. Middletown), Conn.—Hammonton School District (P. O. Hammonton), N. J.
B o n d S a l e .— An issue of $35,000 4% 1-35-year (serial) schoolB o n d s A u t h o r i z e d . — The Board of Education of this district1 building bonds has been disposed of at par as follows: $18,000
has been authorized, it is stated, to issue $15,000 building; to the Farmers' & Mechanics’ Savings Bank and $17,000 to
bonds.
the Middletown Savings Bank, both of Middletown.
D e n o m in a tio n { 1 , 0 0 0 .
D a te A u g . 1 19 0 9 .
In t e r e s t s e m i-a n n u a l.
Herkimer Co.(P.O.Little Falls), N .Y .— B o n d O f f e r i n g .—
Monterey, Monterey County, Cal.— B o n d S a l e .— The six
Proposals will be received until 12 m. Aug. 2 by Frank Senior,
County Treasurer, for $60,000 4% Series “ E ” coupon (with’ issues of 5% gold coupon municipal-improvement bonds,
aggregating $150,000, described in V. 88, p. 1638, were sold
privilege of registration) highway-improvement bonds.
on July 6 to the First National Bank of Monterey at 108.61
D e n o m in a tio n { 1 , 0 0 0 .
D a te A u g . 2 19 0 9 .
In t e r e s t s e m i-a n n u a lly on
and accrued interest— a basis of about 4.37% . The folA p r il 1 a n ti O c t. 1 .
M a t u r i t y { 1 2 , 0 0 0 o n A p r i l 1 f r o m 1 9 3 2 t o 1 9 3 6 I n c lu )
s iv e .
C e r t i f i e d c h e c k f o r 2 % o f b i d , p a y a b l e t o t h e C o u n t y T r e a s u r e r , Iss lowing bids were received:
{ 4 5 ,0 0 0 C e n tra l A v e n u e b r ic k -p a v e m e n t b o n d s .
M a tu r ity { 4 ,5 0 0 y e a r ly
fr o m 1 9 1 1 to 19 2 0 In c lu s iv e .
3 5 ,0 0 0
H a s t M a in a n d R a ilr o a d A v e n u e b r ic k - p a v e m e n t b o n d s .
M a
t u r it y { 3 ,5 0 0 y e a r ly fr o m 1 9 1 0 to 1 9 1 9 In c lu s iv e .
re q u ir e d .
B o n d s w i l l b e c e r t i f i e d a s t o t h e i r g e n u i n e n e s s b y t h e U n i t e d*
S ta te s M o rtg a g e & T r u s t C o . o f N ew Y o r k .
B o n d s w i l l b e r e a d y f o r d e ‘
liv e r y on A u g . 12 .
F i r s t N a t . B a n k , M o n t e r e y _ $ 1 6 2 , 9 1 5 | S t a t e o f C a l i f o r n i a --------------- $ 1 5 9 , 2 5 0
J . H . A d a m s & C o . , L o s A .. 1 5 9 , 3 9 3 ! W m . R . S t a a t s C o . , L o s A . 1 5 8 , 7 5 3
M a t u r it y { 3 ,7 5 0 y e a r ly o n J a n . 2 fr o m 1 9 1 1 to 1 9 5 1 In c lu s iv e .
Morrill County (P. O. Bridgeport), Neb.— B o n d s V o t e d .—
* Jasper, Ala.— B o n d s V o t e d . — Of a total of 232 votes castt
at the election held July 12, only 12 were against the issuancei At an election held June 29 a proposition to issue $15,000
of the $18,000 (not $16,000 as first reported) 5% 20-yearr 4 ^ % 10-20-year (optional) bonds carried by a vote of 282
high-school-building and repair bonds.
“ for” to 277 “ against.”
180
TH E CHRONICLE
Mount Morris Union School District (P. O. Mount Morris),
Livingston County, N. Y .— B o n d s V o t e d . — This district on
July 9 authorized the issuance, it is stated, of $10,000 school
building bonds by a vote of 75 to S.
Muskegon, Mich.— B o n d S a l e . — An issue of $9,000 4 y 2 %
20-year refunding water-works bonds was sold on June 1
to the Harris Trust & Savings Bank of Chicago at 105—
a basis of about 4.181%. Denomination $1,000. Date
July 1 1909. Interest semi-annual.
Narragansett (P. O. Narragansett Pier), R. I . — B o n d
O f f e r i n g P o s t p o n e d . — Reports have it that the offering of
the $80,000 sewerage bonds which was to have taken place
July 10 (V. 89, p. 02) has been postponed until July 20.
Nassau County (P. O. Mineola), N. Y — B o n d O f f e r i n g .—
Proposals will be received until 12 m. Aug. 2 by C. F. Lewis,
County Treasurer, for $125,000 4% gold coupon (with
privilege of registration) road-construction and bridge bonds
A u t h o r it y , C h a p te r 3 3 0 . L a w s o f 19 0 8 .
D e n o m in a tio n § 1 ,0 0 0
D ate
S e p t . I 19 0 9 .
I n t e r e s t s e m i - a n n u a l l y a t t h e C o u n t y T r e a s u r e r ’ s’ o f fle e
M a t u r i t y o n S e p t . 1 a s f o ll o w s : § 3 0 , 0 0 0 In e a c h o f t h e y e a r s 1 9 2 8 1 9 2 9 a n d
1 9 3 0 a n d § 3 5 ,0 0 0 In 1 9 3 1 .
C e r tif ie d c h e c k f o r 1 0 % o f b id , p a y a b le to th e
C o u n t y T r e a s u r e r , Is r e q u i r e d .
New Canaan, Fairfield County, Conn.— B o n d O f f e r i n g . __
Proposals will be received until 2 p. m. July 28 by the Board
of Town Selectmen, Franklin Stevens, Geo. E. Raymond and
Howard S. Northrop, for $150,000 4% coupon funding bonds.
A u t h o r it y , S e c tio n
19 3 1,
G en eral S ta tu te s.
D e n o m i n a t i o n §1 o o o
D a t e A u g . 1 19 0 9 .
In te re s t s e m i-a n n u a lly a t th e U . S . M o rtg a g e & T r u s t
C o . in N e w Y o r k .
M a tu r ity 30 y e a r s .
C e r tifie d c h e c k o n a n a tio n a l b a n k
o r t r u s t c o m p a n y f o r $ 3 , 0 0 0 , p a y a b l e t o t h e T o w n T r e a s u r e r , Is r e q u ir e d
R id s m u s t b e m a d e u p o n b la n k s fu r n is h e d b y th e t o w n .
R o n d s w ill b e
c e r t i f i e d a s t o t h e i r g e n u in e n e s s b y t h e C o l u m b i a T r u s t C o . a n d t h e i r l e g a l i t y
a p p t o v e d b y C a l d w e l l & R e e d o f N e w Y o r k , a c o p y o r w h o s e o p i n i o n w ill
b e d e liv e r e d to th e s u c c e s s fu l b id d e r .
P u r c h a s e r to p a y a c c r u e d I n t e r e s t
B o n d s w ill h e r e a d y fo r d e l i v e r y o n A u g . 2 .
New Orleans, La.— B o n d S a l e . — On July 13 the WhitneyCentral Trust & Savings Bank was awarded the $200,000
4% coupon school-teachers’ salary bonds described in
V. 88, p. 1575, at par and accrued interest. Maturity
Jan. 1 1927, subject to call after Jan. 1 1917.
New Rochelle, Westchester County, N. Y .— B o n d O f fe r i n g .
— Proposals will be received until 8 p. m. July 20 by Wm. G.
Rainsford, City Clerk, for the following Series of 1909 regis
tered improvement bonds.
$ 1 2 ,0 0 0 5 %
lo c a l i m p r o v e m e n t b o n d s .
M a t u r i t y $ 0 ,0 0 0 o n M a y 1 In e a c h
o f th e y e a r s 19 19 a n d 19 2 0 .
% p u b lic im p r o v e m e n t b o n d s .
M a t u r it y $ 1 0 ,0 0 0 y e a r ly on
M a y 1 fr o m 1 9 2 2 t o 1 0 3 1 I n c l u s i v e .
D e n o m in a tio n $ 1 ,0 0 0 .
D a te A u g . 10 19 0 9 .
In t e r e s t s e m i- a n n u a lly on
M a y 1 a n d N o v . 1 a t t h e C i t y T r e a s u r e r 's o f f i c e , a n d , a t t h e o p t io n o f t h e
p u r c h a s e r , w i l l b e p a i d In N e w Y o r k e x c h a n g e .
C e r t if ie d c h e c k ( o r c a s h )
o n a b a n k o r t r u s t c o m p a n y In t h e S t a t e o f N e w Y o r k f o r 5 % o f t h e b o n d s
b id f o r , p a y a b l e t o t h e C i t y T r e a s u r e r , Is r e q u i r e d .
P u r c h a s e r to p a y
a c cru e d In te re st.
R o n d s w ill b e r e a d y f o r d e l i v e r y o n A u g . 1 0 .
The
l e g a l i t y o f t h e s e b o n d s w ill b e a p p r o v e d b y D e l a l i e l d & L o n g f e l l o w o f N e w
Y o r k , a c o p y o f w h o s e o p in io n w ill b e fu r n is h e d to th e p u r c h a s e r .
R id s
m u s t b e m a d e o n b la n k s fu r n is h e d b y th e c it y .
10 0 ,0 0 0 4
[V o I,. L X X X I X .
B o n d s N o t S o l d . — No award was made of the $70,000 4%
40-year gold coupon (with privilege of registration) street
paving, sewer and water-main bonds offered on the same day.
Pleasanton, Linn County, Kans.— P u r c h a s e r s o f B o n d s .—
The City Clerk advises us that the School Fund Commis
sioners were the purchasers of the $8,000 5% 6-20-year
(optional) water-works-extension bonds, the sale of which
was reported in these columns last week. They paid par.
Pleasant Ridge, Hamilton County, Ohio.— B o n d O f f e r i n g .
— Proposals will be received until 12 m. Aug. 3 by W. C.
Davies, Village Clerk, for $4,500 4% water-works bonds.
A u t h o r it y S e c tio n s 2 8 3 5 , 2 8 3 7 , R e v is e d S t a t u t e s .
D e n o m in a tio n $ 5 0 0
D a te J u l y 1 19 0 9 .
In t e r e s t s e m i-a n n u a l.
M a tu r ity t h ir t y y e a rn .
C e r ti
fie d c h e c k f o r 5 % o f t h e b o n d s b id f o r , p a y a b l e t o t h e V i l l a g e T r e a s u r e r , Is
r e q u ir e d .
P u r c h a s e r to p a y a c c r u e d in t e r e s t .
B o n d S a l e . — Reports state that the $7,534 08 4J^% 30year coupon refunding bonds, described in V. 88, p. 1639.
have been awarded to Seasongood & Mayer of Cincinnati,
Pleasant Ridge School District (P. O. Pleasant Ridge),
Hamilton County, Ohio.— B o n d s V o t e d . —The voters of this
district on June 29 decided in favor of a proposition to issue
$20,000 additional high-school bonds.
Plymouth County (P. O. Le Mars), Iowa.— B o n d s P r o
p o s e d . — This county proposes to issue $20,000 4 % % coupon
funding bonds. Denomination $1,000. Interest Feb. 2
and Aug. 2 in Le Mars.
Pocahontas County (P. O. Pocahontas), Iowa.— B o n d S a l e .
— Reports state that $200,000 bonds were sold on June 8
to various investors.
Pocatello Independent School District No. IP . O. Poca
tello), Bannock County, Idaho.— B o n d O f f e r i n g . — Further
details are at hand relative to the offering on July 19 of the
$25,000 coupon school-building bonds mentioned in V. 89,
p. 63. Proposals for these bonds will be received until 8
p. m. on that day by O. B. Steely, Clerk of the Board of
Trustees. Bids are requested for 4 j^ % and 5% bonds.
A u t h o r i t y , v o t e o f 6 9 t o 2 a t e l e c t i o n h e ld M a y 2 9 1 9 0 9 : a l s o C h a p t e r 4 1
S e c tio n 10 7 9 , P o litic a l C o d e .
D e n o m in a tio n § 1 ,0 0 0 .
D ate M a y 29 19 0 9 .
In t e r e s t s e m i- a n n u a lly a t th e F ir s t N a t io n a l R a n k o f N e w Y o r k C it y o r a t
t h e C o u n t y T r e a s u r e r 's o f f i c e .
M a t u r i t y t w e n t y y e a r s , s u b j e c t t o c a ll a f t e r
10 y e a rs.
R o n d s a re e x e m p t fr o m t a x a t io n . C e r tifie d c h e c k fo r $ 2 ,5 0 0 ,
p a y a b l e t o t h e B a n n o c k N a t i o n a l R a n k o f P o c a t e l l o , Is r e q u i r e d .
O ffic ia l
c i r c u l a r s t a t e s t h e r e Is n o l i t i g a t i o n p e n d i n g o r t h r e a t e n i n g , c o n c e r n i n g t h e
v a lid i t y o f th e s e b o n d s , th e b o u n d a r ie s o f th e s c h o o l d is t r ic t o r th e title s
o f th e o ffic ia ls to th e ir r e s p e c t iv e o ffic e s : a ls o t h a t th e p r in c ip a l a n d In te re s t
o f a l l p r e v i o u s Is s u e s h a v e b e e n p r o m p t l y p a i d .
E q u a liz e d a s s e ss e d
v a lu a t io n fo r 19 0 8 $ 1 , 1 9 4 , 1 0 6 .
R e a l v a l u a t i o n ( e s t im a t e d ) $ 7 , 6 5 6 , 4 2 4 .
Port of Portland (P. O. Portland), Ore.— B o n d s A u t h o r i z e d .
— Bonds amounting to $60,000 have been authorized, it is
stated, for the purpose of reimbursing the general fund for
the sums expended for new tugs and equipment.
Putnam County (P. O. Palatka), F la .— B o n d O f f e r i n g .—
Proposals will be received until July 26 by the Board of
County Commissioners for $190,000 5% highway, bridge
and court-house bonds.
Niagara Falls, N. Y .— B o n d s N o t S o l d — B o n d O f f e r i n g .
There were no bidders on July 15 for the $300,000 4% gold
registered Series “ A” water-supply bonds, described in V. 89,
p. 62. Proposals are again asked for these bonds, this time
D e n o m in a tio n $ 1 ,0 0 0 .
D a te M ay 7 19 0 9 .
In t e r e s t s e m l- a n n u illy a t
th e C o u n ty C o u rt H o u se.
M a t u r i t y o n M a y 7 a s f o ll o w s : $ 2 5 , 0 0 0 In 1 9 2 4 ,
until July 29.
$ 2 0 , 0 0 0 in e a c h o f t h e y e a r s 1 9 3 1 a n d 1 9 .3 6 , $ 4 0 , 0 0 0 In e a c h o f t h e y e a r s
Nile Irrigation District (P. O. Wiggins), Morgan County, 1 9 4 4 a n d 19 4 9 a n d $ 4 5 , 0 0 0 In 1 9 5 4 . C e r t i f i e d c h e c k f o r 2 % o f b id Is re Col.— B o n d O f f e r i n g . — Proposals will be received until qe ug ira leict yl. o f Bt hi diss isms uues tIs ba ep pmr oavdeed ob ny Eb .l aNn .k s C af ulhr no ui snh eodf Pbayl a ttkh ae , ac no ud ntthye. b oTn hd se
12 m. July 30 by the Board of Directors for $652,000 6% w ill b e c e r t i f ie d a s t o t h e i r g e n u i n e n e s s b y t h e U n i t e d S t a t e s M o r t g a g e &
T r u s t C o ., N e w Y o r k .
R o n d s w ill b e d e liv e r e d A u g . 4 .
B o n d ed d e b t,
irrigation bonds. Interest semi-annual. John Myers is th
is; Is s u e
F lo a tin g
d e b t,
$ 5 ,0 0 0 .
A ssessed
v a lu a tio n ,
$ 3 ,0 0 0 ,0 0 0 .
L . C . S t e p h e n s Is C h a i r m a n o f t h e B o a r d o f C o u n t y C o m m i s s i o n e r s .
Secretary of the Board.
Redlands,
Cal.—
B
o
n
d
s
D
e
f
e
a
t
e
d
—
The
voters
of
this city
Norfolk, Va.— B o n d s A i d h o r i z e d . — The Common Council
of this city on July 8 adopted, according to reports, an ordi on June 7 defeated a proposition to issue $40,000 city-hall
nance authorizing the issuance of $60,000 bonds to be used and $20,000 fire-department bonds.
for streets and sewers in the Seventh Ward.
Renville County (P. O. Olivia), Minn.— Bond Offering. —
Otsego County (P. O. Cooperstown), N. Y .— B o n d O f f e r Proposals will be received until 3 p. m. July 21 for $30,000
ditch-construction bonds at not exceeding 5% interest.
i n g . — Proposals will be received until 2 p. m. July 20 by
D ate J u l y 1 19 0 9 .
M a tu r ity te n y e a r s .
C e r tifie d c h e c k f o r 5 % o f
F. B. Cooke, Chairman, and J. P. Friery, Clerk of the Board
of Supervisors, for $60,000 4% coupon funding highway- bAiud d, ipt oa ry.a b l e t o t h e C o u n t y T r e a s u r e r , is r e q u i r e d . J . L . J o h n s o n Is C o u n t y
improvement bonds.
Rochester, N. Y .— N o t e S a l e . — On July 14 $125,000
A u th o rity , C h a p te r 6 8 6 , L a w s o f 18 9 2 .
D e n o m in a tio n $ 1 ,0 0 0 .
D ate
8-months’ water-works-improvement notes were disposed
F e b . 10 19 0 9 .
I n t e r e s t s e m i - a n n u a l l y a t t h e S e c o n d N a t i o n a l B a n k In
C o o p e r s t o w n In N e w Y o r k E x c h a n g e .
M a tu r ity $ 10 ,0 0 0 y e a r ly on F e b . to
of to Farson, Son & Co. of New York City at 3.70% interest
fr o m 1 9 1 9 to 19 2 4 In c lu s iv e .
C e r t if ie d c h e c k l’o r 2 % o f t h e b o n d s b id fo r
and $25 premium. A list of the bids received follows:
p a y a b l e t o R . . J . W a r r e n , C o u n t y T r e a s u r e r , Is r e q u i r e d .
P u r c h a s e r to p a y
a c c ru e d In te re st.
T o t a l d e b t t h is Is su e .
A sse sse d v a lu a tio n fo r
$ 2 3 ,9 6 1,3 2 0 .
T h e s e b o n d s w e r e o f f e r e d b u t n o t s o ld o n J u n e 2 2 .
19 0 8
Palmer, Ellis County, Tex.— B o n d s V o t e d . — On June 26
an issue of school bonds was authorized, according to reports,
by this place. The vote was 110 to 5.
Park Falls, Price County, Wis.— B o n d s V o t e d . — An elec
tion held July 3 resulted in favor of propositions to issue
$10,000 water-works and $6,500 bridge 5% bonds.
Paterson, N. J.— B o n d s R e f u s e d . — W. N. Color & Co. of
New York City have refused to accept the $85,000 4% 10year coupon (with privilege of registration) street-improve
ment bonds awarded them on July 1 (V. 89, p. 119) as their
attorneys claim they are illegal.
Paxville School District (P. O. Paxville), Clarendon
County, So. Car.— B o n d s V o t e d . — Building bonds, amounting
to $10,000 20-year were authorized by this district, it is
stated, on June 29 by a vote of 30 to 5.
Perry, Houston County, Georgia.— B o n d s V o t e d . — A
proposition to issue $15,000 5% 15-30-year water bonds
carried by a vote of 83 “ for” to 1 “ against” , at an election
held July 2. Proposals will be received at once.
Petersburg, Va.— B o n d S a l e . — Papers state that on July 12
the $80,000 4% 40-year gold coupon (with privilege of regis
tration) school-building bonds described in V. 89, p. 62,
were awarded to various investors, including the Sinking
Fund, at par and accrued interest.
F a r s o n , S o n & C o ., N e w Y o r k — 3 .7 0 In t e r e s t a n d $ 2 5 p r e m iu m .
S e c u r it y T r u s t C o ., R o c h e s t e r — 3 .7 0 % In t e r e s t .
R o n d & G o o d w in , N e w Y o r k — 3 . 7 5 % In te r e s t a n d $ 1 1 p r e m iu m .
A llia n c e R a n k , R o c h e s t e r — 3 .8 7 5 % in t e r e s t .
R . N . K a lb lle is c h , R o c h e s te r — 4 % in t e r e s t a n d $ 1 5 p r e m iu m .
Rutledge School District (P. O. Rutledge), Delaware
County, Pa.— B o n d s to B e O f fe r e d S h o r t l y .—-The Chairman
Finance Committee writes us that this district expects to be
in the market, on or about Aug. 1, with $6,000 bonds, to
repair the school house and pay off an outstanding mortgage
against the property. Maturity $1,000 every five years
from Aug. 1 1909, the last bond maturing Aug. 1 1939.
Ryan, Jefferson County, Okla.— B o n d S a l e . — This city has
sold the three issues of 6% bonds aggregating $69,000, re
cently voted (V. 88, p.1639), to Ulen, Sutherlin & Co. of
Kansas City, Mo., at 101 'A find accrued interest. Maturity
20 years, but subject to call before that time.
St. Mary’s, Auglaize County, Ohio.— B o n d S a l e . — The
Dayton Savings & Trust Co. of Dayton was awarded $43,000
4 Y z f/o coupon High Street paving assessment bonds on July
12 at 104.313 and accrued interest. A list of the bids re
ceived follows:
n a y tu n
o<i Vlu g a
__
_ ______
C o . , D a y t o n ___________ * $ 4 4 , 8 5 5 0 0 P r o v i d e n t S a v i n g s R a n k &
W e ll, R o t h & C o ., C i n e . . 4 4 ,8 5 5 00
T r u s t C o ., C i n c i n n a t i .. 4 3 ,9 9 3
N e w F ir s t N a tio n a l R a n k ,
W / R . T o d d & C o ., C i n e .. 4 3 ,9 2 5
C o l u m b u s __________ _____ 4 4 ,2 9 0 0 0 O t is & H o u g h , C l e v e l a n d . 4 3 , 1 6 5
•A n d a c c ru e d In te re st.
D
m uinma tuio-nn _S 1i , 0 0 0 .,
D
J uu li y x1 1 9 0 9 .
i/ve n
uo
om
i n aut ee u
A»ivv.«.v,ow
i u i--<a»n
i in
uu
I n t e r e s t os ew m
u tai li li yy
th e o ffic e o f th e B o a r d o f S in k in g F u n d T r u s t e e s .
M a t u r it y o n J u l y 1
30
00
00
{ai tt
as
THE CHRONICLE
J u l y 17 19 09 .]
follow s: $2,000 in 1910; $3,000 yearly from 1911 to 1918 Inclusive; $2,000
In 1919 and $15,000 In 1934. Bonds are exem pt from taxation.
Salem,
Columbiana County,
Ohio.— Bond Offering.—
P r o p o s a ls w ill b e r e c e iv e d u n t il 7 p . m . J u ly 2 0 b y
S e c r e ta r y o f th e S in k in g F u n d T r u s te e s
fo r $ 1 3 8 ,0 0 0
c o u p o n w a te r -w o r k s b o n d s .
th e
4%
Denomination $500. Date July 1 1959. Interest semi-annually at the
C ity Treasurer’s office. Maturity $5,500 yearly beginning In 1910. Certi
fied check for 2% of bid, apyable to the city of Salem, Is required. Bonds
are exem pt from all taxes.
Sandusky,
Ohio.— Bond
Offering.—
P r o p o sa ls
w ill
be
r e c e iv e d u n t i l 1 2 m . J u l y 1 9 b y J o s e p h L o t h J r . , C i t y A u d i t o r ,
fo r $ 1 5 ,0 0 0 4 % g e n e r a l re fu n d in g b o n d s .
Denomination $1,000. Date June 1 1909. Interest semi-annually at
the City Treasurer’s office. Maturity ten years. Certified check for $1,000
Is required.
181
Steubenville, Ohio.— Bonds Authorized.— The City Council
on June 29 passed several ordinances providing for the
issuance of $52,000 street-improvement bonds.
Stonington, Conn., Third School District.— Bond Offering.
— Proposals will be received until 2 p. m. July 26 by Edward
H. Newberry, Treasurer (P. O. Mystic), for $50,000 4%
coupon school bonds.
Denomination $500. Date July 1 1909. Interest semi-annually at the
Mystic River National Bank In Mystic. Maturity July 1 1939. These bonds
bonds will be certified as to their genuineness b y the C ity Trust Co. of
Boston. T hey also certify that this Issue has been approved b y Ropes,
Gray & Gorham o f B oston, a co p y of whose opinion will be furnished to
the buyer free o f charge. Bonds will be ready for delivery Aug. 1.
Sullivan County (P. O. Blountville), Tenn.—Description
of Bonds.—-We are advised that the $200,000 4J^% coupon
San Leandro, Alameda County, Cal.— Bonds Voted—Bond road-building bonds recently authorized by the County
p r o p o s itio n t o issu e t h e $ 2 0 ,0 0 0 5 %
sew erCourt (V. 88, p. 1158) are in denomination of $1,000 each
c o n s t r u c t i o n b o n d s c a r r ie d b y a v o t e o f 2 1 5 “ f o r ” t o 3 4
and are dated Aug. 1 1909. Interest semi-annually in
“ a g a i n s t ” a t t h e e le c t i o n ( V . 8 8 , p . 1 3 8 9 ) h e l d o n J u n e 2 8 .
Bristol, New York or Chicago. Maturity $100,000 on
P r o p o s a l s f o r t h e s e b o n d s w ill b e r e c e i v e d u n t i l J u l y 1 9 .
August 1 in each of the years 1929 and 1939.
Offering— A.
M a t u r it y o n e b o n d e a c h y e a r b e g in n in g A u g . 1 1 9 1 0 .
San Leandro School District, Alameda County, Cal.—
Bond Sale.—
S c h o o l-b u ild in g 5 %
1 -3 0 -y e a r
to th e a m o u n t o f $ 6 0 ,0 0 0 w ere a w a r d e d o n
C e n tr a l B a n k o f O a k la n d a t 1 1 0 .1 6 — a b a s is o f
D e n o m in a tio n $ 1 ,0 0 0 .
D a te A u g . 1 1 9 0 9 .
( s e r ia l) b o n d s
J u ly 6 to th e
a b o u t 4 .1 0 8 % .
I n t e r e s t s e m i
a n n u a l.
San Luis Obispo, Cal.— Bonds Offered by Bankers.—
N . W . H a l s e y & C o . o f S a n F r a n c i s c o a r e o f f e r in g f o r s a l e
t h e $ 1 8 0 , 0 0 0 5 % g o l d c o u p o n i m p r o v e m e n t b o n d s d e s c r ib e d
in V . 8 8 , p . 1 3 8 9 .
M a tu r ity $ 4 ,5 0 0 y e a r ly on J a n . 1 fr o m
1 9 1 0 to 1 9 4 9 in c lu s iv e .
Sweetwater School District (P. O. Sweetwater), Nolan
County, Tex.— Bonds Voted.— An election hclcf June 26 re
sulted in favor of a proposition to issue $10,000 5% 10-40year (optional) school-building bonds. The vote was 123
“ for” to 8 “ against.”
Tarboro, Edgecombe County, N. C.— Bond Sale.— The
$20,000 5% water and light bonds described in V. 88, p. 1640,
were sold on July 5 to S. A. Kean & Co. of Chicago at 104.10
and cost of blank bonds. Maturity 30 years. The bids
were as follows:
00
00
00
00
S. A. Kean & C o.. C hic. ,a $ 2 0 ,820
C. E. Dennlson&Co., C le. b 20,522
Cutter,W aller& M ay, Chic a20,520
C. H . C offin, C h ic a g o ... a20,501
fo r th e $ 5 3 0 ,0 0 0 6 %
g o l d c a n a l - p u r c h a s e a n d r e s e r v o ir c o n s tr u c tio n b o n d s o ffe re d ( V . 8 8 , p . 1 3 3 4 ) o n J u n e 5 .
a Furnish blank bonds,
accrued Interest.
Interest semi-annually at the C ounty Treasurer’s office In Saguache or
the office of Kountze Bros. In New Y ork C ity. Maturity part yearly from
11 to 20 years Inclusive. Bonded debt, this issue. Floating debt, $20,000.
Assessed valuation 1908, $293,000.
Taunton, Mass.— B o n d S a le . — T h e f o l l o w i n g b o n d s , i t is
s t a t e d , h a v e b e e n a w a r d e d t o M e r r ill, O ld h a m & C o . o f B o s
to n a t 1 0 4 .8 9 9 :
$70,000 3 H % 30-year bonds. Date Jan. 1 1909.
$6,000 4 % 20-year bonds. Date D ec. 1 1908.
$25,000 3 } $ % 10-year bonds.
Date June 1 1909.
$30,000 4 % 20-year bonds. Date June 1 1909.
$12,000 4 % 10-year bonds. Date June 1 1909.
Sauk Center, Stearns County, Minn.— Bond Offering.—
P r o p o s a ls A v ill b e l r e c e i v e d f f n t i l 9 a . m . t o - d a y ( J u l y 1 7 ) b y J . F .
C o o p e r , C it y C le r k , fo r $ 6 ,0 0 0 o f th e $ 9 ,0 0 0 4 % c o u p o n re
fu n d in g b o n d s v o te d o n J u n e 2 9 .
V o t e o f 4 2 “ fo r ” to 1
“ a g a i n s t .”
Denomination $1,000. Interest semi-annually at the First N atlona
Bank of Sauk Center. Maturity ten years. Bonded debt. Including this
Issue, $19,000. Assessed valuation $900,165.
The rem aining $3,000 bonds will not be offered until June 1910.
Saundersville, Jones County, Miss.— Bonds Authorized.—
A n o r d in a n c e w a s r e c e n tly p a s s e d b y th e B o a r d o f A ld e r m e n
o f th is p la c e p r o v id in g fo r t h e is s u a n c e o f $ 5 ,0 0 0 2 0 -y e a r
sch ool b on d s.
Schenectady, N. Y .—Bond Offering.— Proposals will be
received until 11 a. m. July 26 by O. S. Luffman, City Comp
troller, for $360,000 4% registered grade-crossing bonds.
In the official advertisement of these bonds notice is given
that $36,000 of them, maturing $18,000 on July 20 in
each of the years 1910 and 1911, will be purchased at par
by the City Comptroller in trust for the Water Debt Sinking
Fund.
A uthority, Sections 60 and 61, Chapter 55, Laws of 1909, and Section 67a
o f the Railroad Law. Denomination $1,000. Dato July 20 1909. Interest
semi-annually at the City Treasurer’s office or drafts on New York will be
m ailed to the holders thereof. Maturity $18,000 yearly on July 20 from
1910 to 1929 Inclusive. Certified check on a bank or trust com pany for
2 % o f bonds bid for, payable to the City Comptroller, Is required. The
bonds will be certified as to their genuineness b y the Columbia Trust Co.
o f New York City and their legality approved b y Caldwell & Reed of New
York City, a cop y of whose opinion will be delivered to the purchaser.
Sellersville School District (P. O. Sellersville), Bucks
County, Pa.— Price Paid for Bonds.— The premiums paid
for the $15,000 4% coupon building bonds disposed of on
May 22 to local investors (V. 88, p. 1515) ranged from $1 to $3.
Sioux County (P. O. Orange City), Iowa.—Bond Sale.—
The $15,000 5%
bonds offered on
were sold to the
for $15,100— the
5-7-year (serial) coupon jail-construction
June 7 and described in V. 88, p. 1458,
Northwestern State Bank of Orange City
price thus being 100.666.
Skidmore, Bee County, Tex.— Bonds Voted.— By a vote
of 70 to 3, this place recently authorized, it is stated, an
issue of $14,000 school-building bonds.
Somerset, Somerset County, Pa.— Bond Sale.— The Som
erset Trust Co. of Somerset bought $25,000 4 j^ % streetimprovement bonds on July 6 at par.
Denom ination $500. Date July 1 1909. Interest semi-annual. Ma
turity on July 1 as follow s: $1,000 yearly from 1910 to 1919 inclusive and
$1,500 yearly from 1920 to 1929 inclusive. These bonds were offered
w ithout success as 4s (V . 88; p. 1640) on June 21.
South Nyack, Rockland County, N. Y.—Bond Offering.—
Proposals will be received until 8 p. m. July 19 by A. Themans, Village Clerk (P. O. Nyack) for $12,000 sewer bonds
at not exceeding 5% interest. Denomination $2,000.
Springfield, Clark County, Ohio.—Bond Sale.— The follow
ing award was made on July 13 of four issues of 5% coupon
assessment bonds offered on that day:
$707 65 1-5 year (serial) Egm ont St. Improvement bonds, awarded to the
Laponda National Bank of Springfield for $726 40. or 102.648.
Date May 6 1900.
3,014 20 1-5 year (serial) sewer bonds, awarded to the Lagonda National
Bank o f Springfield for $3,094 70, or 102.676. Date May 13 1909
273 80 1-5-year (serial) sewer bonds, awarded to the Citizens^ National
Bank of Springfield for $280 35, or 102.392. Date May 6 1909.
2,074 00 1-10-year (serial) Spring St. Improvement bonds, awarded to the
Lagonda National Bank of Springfield for $2,180 90, or 105.108.
Date May 6 1909.
^
Interest semi-annually at the office of the C ity Treasurer.
““
00
25
00
00
W ell, R oth & C o., C ln ..6$20,305
Coffin & Crawford, C h ic. a20,250
S easongood& M ayer.C ln. 020,116
A. J . H ood & C o., D etroit C20.115
San Luis Valley Irrigation District (P. O. Center), Sagu
ache County, Colo.— Bonds Not Sold.— N o b i d s w e r e r e c e iv e d
b And accrued Interest,
c Blank bonds and
Temple, Bell County, Texas.— B o n d s R egistered . — T h e
S t a t e C o m p tr o lle r o n J u n e 6 r e g is te r e d th e $ 5 0 ,0 0 0 5 % 2 0 - 4 0 y e a r (o p tio n a l) c o u p o n s t r e e t -p a v in g b o n d s s o ld ( V . 8 8 ,
p . 1 1 5 8 ) o n A p ril 2 6 .
Tipton County (P. O. Covington), Tenn.— B o n d s
Au
th orized . — L o c a l
p a p e rs re p o rt th a t th e C o u n ty C o u rt o n
J u ly 5 a u th o r iz e d th e is s u a n c e o f $ 1 0 0 ,0 0 0 S t a t e N o r m a l
S c h o o l b o n d s a s a n in d u c e m e n t fo r th e lo c a t io n o f t h e W e s t
T e n n e sse e N o r m a l S c h o o l a t C o v in g to n .
Traverse City, Grand Traverse County, Mich.— B o n d
S a le.
— O n J u n e 7 a n issu e o f $ 5 0 ,0 0 0 4 } ^ % 2 0 -y e a r p a r k b o n d s
w a s d is p o s e d o f to th e W m . R . C o m p to n B o n d & M o r tg a g e
C o . o f S t . L o u i s a t 1 0 3 .5 4 6 a n d a c c r u e d in te r e s t— a b a s is o f
a b o u t 4 .2 4 % .
D e n o m in a tio n $ 1 ,0 0 0 .
D a t e J u ly 1 1 9 0 9 .
I n t e r e s t s e m i-a n n u a l.
T r e n t o n , N. J.— B o n d S a le . — T h e $ 1 3 0 , 5 0 0 1 0 - y e a r c o u p o n
o r r e g i s t e r e d s t r e e t - p a v i n g b o n d s , d e s c r i b e d in V . 8 9 , p . 6 4 ,
w ere s o ld o n J u ly 1 6 to B lo d g e t , M e r r itt & C o . o f N e w Y o r k
C ity a t 1 0 0 .4 8 f o r 4 s .
Turlock Irrigation District (P. O. Ceres), Cal.— B o n d s
S o ld . — N o b i d s w e r e s u b m i t t e d o n J u l y
6 fo r
b o n d s o ffe r e d ( V . 8 8 , p . 1 5 1 6 ) o n t h a t d a y .
th e
Union Township, Hancock County, Ohio.— B o n d
N ot
$ 9 2 ,5 0 0
E le c tio n .
— O n J u l y 2 1 a p r o p o s i t i o n t o is s u e $ 1 4 , 0 0 0 h i g h - s c h o o l
b u ild in g b o n d s w ill b e s u b m it t e d t o t h e v o t e r s o f th is t o w n
sh ip .
Valdosta, Lowndes County, Ga.— B o n d S a le . — J . H . H i l l
m a n & C o . o f A tla n ta , a c c o r d in g to S a v a n n a h p a p e r s, w ere
t h e h ig h e s t b id d e r s o n J u ly 7 fo r t h e $ 5 0 ,0 0 0 5 % g o ld c o u p o n
b o n d s d e s c r i b e d in V . 8 9 , p . 6 4 .
T h e p rice p a id b y t h e m
w as 105.
M a t u r it y o n J u ly 1 a s fo llo w s :
$ 1 ,0 0 0 y e a r ly
f r o m 1 9 1 0 t o 1 9 1 4 in c lu s iv e ; $ 1 ,5 0 0 y e a r ly f r o m 1 9 1 5 to 1 9 2 4
in c lu s iv e a n d $ 3 ,0 0 0 y e a r ly f r o m 1 9 2 5 to 1 9 3 9 .
Van Wert, Van Wert County, Ohio.— B o n d S a le . — T h e
$ 3 0 , 0 0 0 4 ) ^ % 2 - 1 1 - y e a r ( s e r ia l) c o u p o n N o r t h W a s h i n g t o n
S t r e e t i m p r o v e m e n t - a s s e s s m e n t b o n d s , d e s c r i b e d in V . 8 9 ,
p . 6 4 , w e r e s o l d o n J u l y 1 5 , i t is r e p o r t e d , t o B r e e d & H a r r i
s o n o f C in c in n a ti a t 1 0 2 .4 3 — a b a s is o f a b o u t 4 . 0 7 1 % .
Warren County (P. O. Front Royal), Va.— B o n d
E lection
P o s tp o n e d . — T h e e le c t io n
w h ic h w a s t o h a v e b e e n h e l d t o
v o t e o n th e q u e s tio n o f is s u in g th e $ 3 0 ,0 0 0 h ig h w a y b o n d s
m e n t i o n e d in V . 8 8 , p . 1 3 9 2 , h a s b e e n p o s t p o n e d in d e fi
n ite ly .
Watertown, Mass.— N o te S a le . — O n J u l y 1 3 R . L . D a y &
C o . o f B o s t o n w e r e a w a r d e d th e $ 1 2 ,5 0 0 4 % c o u p o n m u n ic i
p a l l o a n n o t e s d e s c r i b e d in V . 8 9 , p . 1 2 1 , a t 1 0 3 . 5 8 9 and
a c c r u e d in t e r e s t .
F o llo w in g a re th e b id s :
R . L . D ay & C o., Boston___103.5891 Adams & C o., Boston_______ 102.81
Parkinson & Burr, B o s to n .. 103.273 Blodget, Merritt
& C o.,
Am erican Banking C o., B o s t .103.0371
B o s to n _____________________ 102.55
M aturity on July 1 as follows: $2,000 in 1913, $5,000 In 1918 and
$ 5 ,5 0 0 In 1919.
Watervliet, N. Y .— B o n d s A u th o r iz ed . — O n M a r c h 2 5 t h e
G o v e r n o r a p p r o v e d t h e A c t p r o v i d i n g f o r t h e is s u a n c e o f t h e
$ 7 0 ,0 0 0 4 ) ^ % b o n d s ( V . 8 8 , p . 7 0 5 ) to p a y th e d e b ts a n d
c la i m s a g a i n s t t h e c i t y a t t h e c lo s e o f t h e p r e s e n t fis c a l y e a r
THE CHRONICLE
183
(Feb. 28J1909) and to make up the deficiencies in the several
funds of the city.
Interest Jan. 15 and July 15. Maturity $10,000 in not less than five
years $10,000 in not less than ten years, $10,000 In not less than fifteen
years’ $ 1 0 , 0 0 0 in not less than twenty years, $10,000 In not less than
twenty-five years and $20,000 In not less than thirty years.
[VOL. LXXXI X.
W h a t e l y , F r a n k l i n C o u n t y , M a s s . — Bond Sale.— A n is s u e
o f 8 7 ,0 0 0 4 % s c h o o l-h o u s e b o n d s w a s a w a r d e d o n J u ly 1
to J o se , P a r k e r & C o . o f B o s t o n a t 1 0 1 .1 5 3 .
Denomination $500. Date July 1 1909. Interest semi-annual.
turity $500 yearly on July 1 from 1910-1923 inclusive.
Ma
W e t u m k a , O k l a .— Bonds Voted.— T h e q u e s t i o n o f is s u in g
w a t e r - w o r k s b o n d s w a s , i t is s t a t e d , a p p r o v e d b y t h e v o t e r s
a t a n e l e c t i o n h e ld o n J u n e 3 0 .
Way cross, Ware County, Ga.— Bond, Election.— It is
stated that this place on July 28 will again submit the 835,000
5 % gold electric-light and power-plant bonds defeated
W h i t e P l a i n s , N . Y . — Bond Offering.— P r o p o s a l s w ill b e
(V. 89, p. 64) on June 19.
Weatherford School District (P. O. Weatherford), Parker r e c e iv e d u n t i l 8 p . m . J u l y 2 2 b y t h e B o a r d o f V i l l a g e T r u s t e e s
County, Tex.— Purchaser of Bonds.— The Knights of Pythias F r e d e r i c S . B a r n u m , P r e s i d e n t , a n d E a r l P . H i t e , C l e r k , f o r
LodgCiWas the purchaser of the 812,000 5% school-building 8 2 0 . 0 0 0 i}4 % m a c a d a m i z i n g b o n d s .
bonds recently sold. See V. 89, p. 64.
A uthority Chapter 80, Laws of 1900. Denomination $1,000. Date
Auir 1 1909. Interest semi-annual. Maturity $5,000 yearly on Aug. 1
KSWenatchee, Wash.— Bond Sale.— It is stated that the from
1935 to 1938 inclusive. Certified check on a State or national bank
Harris Trust & Savings Bank of Chicago was the successful or trust com pany for 5% of bid Is required.
bidder recently for an issue of 840,000 municipal improve
The official notice of this bond offering will be found among
ment bonds. The price paid by them was 105.025.
the advertisements elsewhere in this Department.
______
West Butte School District, Sutter County, Cal.— Bond
W h it in g S c h o o l D is tr ic t (P . O . W h it i n g ) , L a k e C o u n ty ,
Sale.— The 81,500 6% 1-3-year (serial) school bonds described I n d .—Bond Sale.— J o s e p h T . E l l i o t & S o n s o f I n d i a n a p o l i s ,
in V. 88, p. 1640, were disposed of on July 6 to Wakefield, o f f e r in g 1 0 2 . 4 5 , w e r e t h e s u c c e s s f u l b i d d e r s o n J u l y 1 0 f o r t h e
Garthwaite & Co. of San Francisco for 81,507 (100.466) 8 6 0 . 0 0 0 5 % g o l d c o u p o n s c h o o l - h o u s e b o n d s d e s c r i b e d in
and accrued interest.
V . 89, p. 65.
A lis t o f th e p r o p o s a ls r e c e iv e d f o llo w s W e s t e r v i lle , F r a n k lin
C o u n ty ,
O h i o .— Bond Sale.— On Joseph T. Elliot & Sons, In
Albert K leybolte & C o., CIn.$60,600
Rudolph
Kleybolte C o.
dianapolis
________________
July 13 the two issues of 4 )A ,% improvement assessment Marlon Trust C o., Indlanap.$61,170
Inc.. Cincinnati----------------- 60,218
61,470
bonds aggregating 811,700, described in V. 89, p. 121, were S. A. Kean & C o., C h ica g o .. 6 0 ,8 4 0 ,------Thos....J. Bolgcr C o., C hicago. 60,121
■■ ■ 111911 to Aug. 1 1916 InMaturity $5,000 each six months from Feb.
awarded to the First National Bank of Westerville at 100.384
elusive
and accrued interest. Following are the bids:
EIrst N at. Bank. W esterville.$11,7451New
First National Bank,
R . T odd & C o., C ln c ln . _*11,759| Columbus .................. .......... $11,722
•Bid said to be Irregular.
,
_ . . .
_____
Maturity one-ninth of each issue yearly on O ct. 1 from §l911 to 1919
Inclusive.
W
Westmont (P. O, Johnstown), Cambria County, P a Price Paid for Bonds— The price paid for the 810,000 5%
5 -20-year (optional) coupon street bonds recently awarded
to the Washington Investment Co. of Pittsburgh (V. 89,
p. 121) was 101.75.
West Seneca,Erie County,N .Y — Sewer District No. 1.—
Bonds Not Sold.— Up to July 9 no award had yet been made
of the 817 000 5% sewer bonds, proposals for which were
asked until June 10. See V. 88, p. 1459.
NEW
$
C IT Y
O F
NEW
LOAN S.
8
I 2 5 , 0 0 0
H O B O K E N ,
R E -P A V E M E N T
N .
J .
C IT Y
O F
BONDS
2
W i c h i t a C o u n t y ( P . O . W i c h i t a F a l l s ) , T e x —Bond Election.
— A n e le c t i o n w ill b e h e ld A u g . 3 , it is r e p o r t e d , t o v o t e o n
t h e q u e s t i o n o f is s u in g 8 2 0 , 0 0 0 j a i l - c o n s t r u c t i o n b o n d s .
It
is f u r t h e r s t a t e d t h a t t h e s e b o n d s , if a u t h o r i z e d , w ill t a k e
th e p la c e o f th e 8 1 5 ,0 0 0 b o n d s v o t e d o n A p r il 6 ( V . 8 8 , p .
1 1 5 9 ) , b u t w h ic h w e r e s u b s e q u e n t l y d e c la r e d v o i d b y t h e
A t t o r n e y - G e n e r a l b y r e a s o n o f a n e r r o r in t h e w o r d i n g in
d e s c r ib i n g t h e p u r p o s e a s b e i n g t o “ b u i l d a n d e q u i p ” a j a i l .
T h e A t t o r n e y - G e n e r a l r u le s t h a t a s t h e la w d o e s n o t p r o v i d e
fo r c o u n tie s to “ e q u ip ” a ja il b y b o n d is s u e s , th e m o n e y
c a n b e le g a l l y a p p l i e d o n l y t o “ b u i l d ” o n e .
W i l b u r t o n , O k l a .— Bond Election.— I t is p r o b a b l e , a c c o r d
i n g t o r e p o r t s , t h a t a n e l e c t i o n w ill b e h e ld in t h i s p la c e f o r
NEW
LOAN S.
2
, 0
0
8 5 2 5 , 0 0 0
0
H O B O K E N ,
W ATER
N .
J .
BONDS
Public notice Is hereby given that, In accord
ance with a resolution of the Council of the City
of Hoboken, passed June 23, 1909, and duly
K o b o U , ^
approved June 24, 1909,
sealed proposals
f T t h e p u r c S o f b4o’nds9o°f9theSClty ° ( S o ° S ! for the purchase of bonds of the City of H oboken,
N. J ., to be known as “ W ater Bonds” , In the
amount of twenty-two thousand dollars, to bear
Interest at the rate of four per cent (4 per cent)
per annum, payable semi-annually, and to run
grass
for a period of thirty years from the date of
y e T r W o m 1'‘t V d a t e ^ o f “ Issue, and to be ton ed issue, and to be issued pursuant to the provisions
pursuant to the provisions of an Act of the Legis of an A ct of the Legislature of the State of New
lature of the State of New Jersey, entitled An Jersey! entitled “ an Act authorizing cities of this
Act providing for the repavem ent ofp aved .streets State to Issue and sell water bonds, andl providing
In cities of this State, and for the Issuance or for the application of the proceeds resulting from
bonds In paym ent therefor, approved March 2, the same thereof, and providing for the paym ent
1898, will be received at the regular meeting of of the principal of and Interest on said bond3.
approved April 21, 1909, will be received at the
the Council to be held
. nQ
regular meeting of the Council to he held on
W ednesday Afternoon, July 28, 190J
Wednesday Afternoon, July 28, 1909
at four o ’clock
at four o ’clock
„ ,
Bids will be received for one or m ore or all of
Bids will be received for one or more or all of
said bonds, which shall be of t^e ^nomination
of S I,000 each, to run consecutively from 1 to said bonds, which shall be of the denomination
125, both Inclusive; to be registered or coupon of $1,000 each, to run, consecutively from 1 to
22, both Inclusive, to be registered or coupon at
at the option of the successful bidder.
All proposals to be addressed to the Mayor the option of the successful bidder.
All proposals to be addressed to the Mayor and
and Council of the City of H oboken, N. J ., and
shall be accom panied b y a certified check or cash Council of the City of H oboken, N . J ., and shall
be accom panied by a certified check or cash for
for five per cent of the am ount of the nia.
per cent of the amount of the bid.
The M ayor and Council of t h e i f de emed five
The Mayor and Council of the City of H oboken ,
reserve the right to reject any or all bids u deemed
reserve
the right to reject any or all bids if deemed
t n the Interest of the city so to d o.
B y order of the Council.
« In the Interest of the city to to do
B
y
order
of the Council.
JA M E S H . L O N D R I G A N .yCierk>
n ;
JA M ES H . L O N D R IG A N ,
City Clerk.
• 409
W a ln u t S treet,
C IN C IN N A T I, O .
M unicipal,
County,
S ta te ,
andflHlgh-Grade Public^Service
Securities
Correspondence Solicited
N A TIO N A L L IG H T,
H E A T & P O W E R CO.
G U ARAN TEED
B O N D S
All lisues
A. H. Bickmore & Co.,
30
P in e
S tre e t,
M u n ic ip a l
S e c u r itie s
C o r p o r a tio n
S T A T E
P A U L
B O N D S
To
be
s o ld
at
n o o n J u ly 2 0 th ,
1909
O F F IC IA L A D V E R T ISE M E N T .
City Comptroller’s Office, July 2 1909.
Notice Is hereby given that the City of St.
Paul, Minnesota, by and through Its Sinking
Fund Committee will receive sealed bids for the
purchase of the whole or any part of $525,000 00
of bonds described as follows:
$150,000 00 for High School Buildings, dated
July 1 1909.
$150,000 00 for Alain Sewers, dated July 1 1909.
$50,000 00 for Alain Sewers, dated A ugust
1st, 1909.
$50,000 00 for Central Police Station, dated
June 1st. 1909.
$50,000 00 for Park Purposes, dated August
2nd. 1909.
$50,000 00 for Water W orks, dated July 1st,
1909.
$25,000 00 for Play Grounds, dated June 1st
1909,
J
All of the above-m entioned bonds will mature
thirty (30) years after their date of Issue without
option of prior paym ent. They all bear Interest
at the rate ot FO U R PE R CENT (4 % ) P E R
ANNUM , payable semi-annually, principal and
Interest payable at the Financial Agency of the
City of St. Paul In the City of New York.
Bonds will not be sold for less than par and
accrued Interest to date of delivery. A certified
check payable to the City Treasurer of the City
of St. Paul for two per cent (2 % ) of the par value
of the bonds bid for must accom pany each bid
that will he considered. Bids for the ntlre lot
or none will not be considered.
The Committee reserves the right to reject
any and all bids.
Bids should be sealed and marked “ Bids for
B onds” and filed with the undersigned by 12
o ’clock noon, on July 20th, at which time they
will be opened In the presence of the Sinking Fund
Committee.
A detailed description of the bonds will be
mailed upon application.
LOU IS B E T Z , City Comptroller,
J
o h n
H.
W
a t k in s
M U N IC IP A L
N ew
AND
Y ork
R A IL R O A D
BONDS
No. 2 WALL STREET
0 T T 0
and
B on d s
S T R E E T
B O S T O N
S T .
NEW YORK
Formerly MaoDonald. MeCoy & C o .
M em b ers N ew Y o r k S to ck E x ch a n g e
60
O F
B A N K E R S
HUNT, SALTONSTALL &CO., McCOY & COMPANY
I n v e s tm e n t
C IT Y
Four Per Cent— 30-Years
public notice Is hereby given 'lib 6- 111 accord-
Albert Kleybolte & Co.,
LOAN S.
J U L IU S
M E R K E
IN VESTM EN T SECURITIES,
181
L a
S a lle
S tre e t,
-
C h ic a g o
lT
It It O K. E It
4 4 A N I ) 4(1 W A L I . S T R E E T . N E W Y O R K
Correspondence Invited.
THE CHRONICLE
J u l y 17 1 9 0 9 . |
183
th e p u r p o s e o f v o tin g “ fo r ” o r “ a g a in s t” a p r o p o s itio n to
is s u e $ 7 5 , 0 0 0 b o n d s t o b e u s e d f o r b u y i n g t h e p r e s e n t w a t e r
w o r k s s y s t e m a n d f o r in s t a l l i n g s e w e r s .
Y e l l o w S p r i n g s , G r e e n e C o u n t y O h i o . — Bonds Voted.—
E le c t r ic -lig h t-p la n t -c o n s tr u c tio n b o n d s a m o u n t in g to $ 6 ,0 0 0
w e r e , a c c o r d i n g t o r e p o r t s , f a v o r a b l y v o t e d a t a n e le c t i o n
Wilton, Monroe County, Wis.— Bond Sale.— T h e $ 1 0 , 0 0 0
5%
0 - 1 5 -y e a r
( s e r ia l)
coupon
w a t e r -w o r k s -c o n s t r u c t io n
b o n d s , p r o p o s a l s f o r w h ic h w e r e a s k e d u n t i l J a n . 5 , w e r e
p u r c h a se d b y th e T r o w b r id g e & N iv e r C o . of C h ic a g o .
See
V . 8 8 , p . 6 6 , f o r a d e s c r ip tio n o f th e s e s e c u r itie s .
h e ld o n J u l y 3 . t i w i & d f l j g 't l i
Y o n k e r s . i W e s t c h e s t e r C o u n t y , N . Y . — Bond Offering.—
P r o p o s a l s w ill b e r e c e iv e d u n t i l 1 2 m . J u l y 2 0 b y J a s . T .
L e n n o n , C it y C o m p tr o lle r , fo r $ 4 0 ,0 0 0 r o a d -im p r o v e m e n t ,
$ 3 0 ,0 0 0 p u b lic -b u ild in g , S I 1 0 ,0 0 0 s c h o o l, $ 8 0 ,0 0 0 p a r k a n d
$ 1 0 2 ,0 0 0 lo c a l im p r o v e m e n t 4 ^ %
re g iste re d b o n d s .
Winchester School District (P. O. Winchester), Adams
County, Ohio.— Bond Offering.— P r o p o s a l s w ill b e r e c e iv e d
Date July 1 1909. Interest payable on April 1 and Oct. 1. Maturity
$18,100 yearly on July 1 from 1910 to 1929 Inclusive. Certified check for
2% of bid, payable to Gideon H. Peck, City Treasurer, Is required. Pur
chaser to pay accrued interest. Bonds will be ready for'delivery July 27.
The opinion of Delafleld & Longfellow of New York City certifying to
the validity of the above bonds will be delivered to the purchaser.
u n t il 12 m . A u g . 2 6 b y J a m e s R e a , C le r k o f B o a r d o f E d u c a
t io n , fo r $ 1 2 ,0 0 0 4 % c o u p o n s c h o o l-b u ild in g b o n d s .
A uthority Sections 3991 and 3992, Revised Statutes. Denomination
$500. Date Aug. 20 1909. Interest semi-annually at the Winchester
Bank of W inchester. Maturity $500 yearly on Aug. 26 from 1910 to 1933
Inclusive. Bonds are tax-exem pt. Total debt, this Issue. Assessed
valuation for 1909, $185,000.
Y o u n g s t o w n , O h i o .— Bond Sale.— T h e f o l l o w i n g b i d s w e r e
r e c e i v e d o n J u l y 1 2 f o r t h e t e n is s u e s o f 5 % b o n d s , a g g r e
g a t i n g $ 5 1 , 5 9 0 , d e s c r ib e d in V . 8 9 , p . 1 2 2 :
Winside, Wayne County, Neb.— Bond Sale.— T h i s c i t y o n
J u l y 8 s o l d $ 4 , 0 0 0 5% % 5 - 2 0 - y c a r ( o p t i o n a l ) l i g h t i n g - p l a n t
b o n d s d a te d J u ly 1 1 9 0 9 “ a t a p r e m iu m .”
A u th o r ity v o te
o f 3 3 t o 5 a t a n e le c t i o n h e ld in J u n e .
Wooster, Wayne County, Ohio.— Bond Offering.— P r o
p o s a l s w ill b e r e c e iv e d u n t i l 1 2 m . J u l y 2 4 b y J . B . M in i e r ,
C ity A u d i t o r , fo r $ 4 ,5 0 0 4 % c o u p o n W e s t N o r th S tr e e t a n d
S p r u c e S t r e e t p a v i n g ( c i t y 's p o r t i o n ) b o n d s .
A uthority, Section 2835, Revised Statutes. Denomination $500. Date
July 15 1909. Interest semi-annually at the office of the Sinking Fund
Trustees. M aturity July 15 1914. Certified check for 5% of bid, payable
to the C ity Treasurer, Is required. Purchaser to pay accrued Interest.
Bonds are exem pt from taxation.
Denomination $900. Date July 15 1909. Interest semi-annually at
the office of the Sinking Fund Trustees. Maturity July 15 1910 to 1919
Inclusive. Certified check for 5% of am ount bid, payable to the City
Treasurer, Is required. Purchaser to pay accrued interest. Bonds are
exem pt from taxation.
Yale Consolidated School District (P. O. Yale), Okla.—
S p eer & D o w o f F o r t S m ith , A r k .,
w e re th e p u r c h a s e r s o f th e $ 4 ,0 0 0 6 % s c h o o l-b u ild in g b o n d s
t h e s a l e o f w h i c h w a s m e n t i o n e d in l a s t w e e k 's i s s u e .
The
p rice p a id w a s 1 0 2 .5 0 .
A T L A N T I C C I T Y , N. J
TOW N
BONDS
Bids received until 12 o’ clock M . July 24th, 1909.
The City of Atlantic City will receive sealed
proposals for $379,000 Atlantic City Bonds In
denominations of $1,000 each, and bearing
Interest as follows: $313,000 at 4
per cent and
$66,000 at 4 per cent. B oth principal and
Interest are payable In New York.
Bids MUST be for all o r n o n e of the bonds.
Bids must be upon the form attached to circular
etter of the Comptroller.
There Is no litigation alfectlng these bonds or
the statutes under which they arc Issued.
Every bidder, as a precedent to the reception
or consideration of his proposal, shall deposit
with the City Comptroller $7,000 in m oney, or
certified checks for that am ount, drawn to the
order of said Comptroller.
T H E L E G A L IT Y OF TH E SE BON DS HAS
BEE N A P P R O V E D B Y DILLO N & H U B B A R D ,
of New Y ork, whose certificate as to legality will
accom pany the bonds when delivered, without
cost to the purchaser. The bonds will be en
graved under the supervision of and certified as
to their genuineness by THI5 C O LU M BIA T R U S T
C O M P A N Y, of New Y ork.
The C ity of Atlantic City reserves the right to
reject any or all bids.
Delivery of bonds will be made on or about
August 1 1909.
,
, .
Circular letter giving full particulars forwarded
on application to
A. M. H E STO N , Comptroller.
Charles M. Smith & Co.
C O R P O R A T I O N
M U N I C I P A L
6
0
OF
LOAN S.
0
, 0
&
C O .,
B a n k ers
-
NEYV Y O R K
3 ‘JU W a ln u t Ht., C in cin n a ti
and
T ru st
C o.
bonds.
bonds
o ffe r e d
on
June
1 to
NEW
LOAN S.
V illa g e
o f
W h ite
P la in s ,
N .Y .,
4 % SERIAL GOLD BONDS
PU BL IC NOTICE
IS
H E R E B Y G IV E N
that sealed proposals will be received b y the
Board of Trustees of the Village of W hite Plains,
N . Y ., on Thursday, July 22, 1909, at 8 p. m .,
at the Corporation R oom s, Grand Street, In said
village for the following bonds, Issued pursuant
to the provisions of Chapter 80 of the Laws of 1906.
Twenty macadamizing bonds of the denomina
tion of One Thousand Dollars each, to bear date
August 1st, 1909, and to becom e due and payable
as follows:
Five Thousand Dollars thereof August 1st, 1935.
Five Thousand Dollars thereof August 1st, 1936.
Five Thousand Dollars thereof August 1st, 1937.
Five Thousand Dollars thereof August 1st. 1938.
Interest at four and one-half per cent, payable
semi-annually on the first days of February and
August In each year.
No proposals will be received for less than par.
All proposals must be accom panied b y a certified
check upon a State or National Bank or Trust
Company for five per cent of such proposals.
Checks of unsuccessful bidders will be returned
to them.
The Board of Trustees reserves the right to
reject any and all proposals.
By order of the Board of Trustees.
Dated at W hite Plains, N. Y ., July 7th, 1909
F R E D E R IC S. B AR N U M ,
President.
E A R L E P . H IT E ,
Clerk.
CANADIAN
A .
M A C K E N Z IE
&
C O .,
TOR ON TO, CANADA
F O R R E S T
&
8
C O .
T o w n
BANKERS
I 0 , 0 0 0
S to ck s
o f
B o o n e v ille ,
M i s s .,
4 y2% BONDS
M u n ic ip a l
B o n d s
PHILADELPHIA. PA.
OKLAHOM A
OFFER
SCHOOL
BONDS
to 6 H %
First National Bank Bldg., Chicago
Notice Is hereby given that the M ayor and
Board of Aldermen of the tow n of Boonevlile,
Mississippi, will receive sealed bids up to *12
O ’CLOCK M. AUGUST T H E 15T H , 1909, for
the sale of 4 H per cent 20-year School Building
Bonds, In denom ination of $500 each, to the
am ount of $10,000. Bonds to run through the
full 20 years from the 3d day of August, 1909,
with Interest payable annually on the first day
of January of each year. Each bid must be„accompanied b y a certified check for $500.
„
J. T . B A R N E T T ,
7
.
Clerk of Board.
W E OW N AN D O F F E R
M U N IC IP A L B O N D S
T ax E xem pt Anywhere In the United States
W rite for Particulars
Telephone 2240 Hector
B ank
$1,000
bonds.
8 2 0 , 0 0 0
H. C. Speer Sc Sons Co.
74 B R O A D W A Y . N E W Y O R K
-
$600
bonds.
MACADAMIZING BONDS
to net 8 %
5 7 H ltO A D W A Y
$8,250
bonds.
0
G R E E N W IC H ,
421 CHESTNUT ST.,
INVESTMENT SECURITIES,
G 0 0 D H A R T
$1,590
bonds.
Fairfield County, Connecticut
B O N D S
WEBB & CO.,
J .
$9,735
A N D
FIRST NATIONAL BANK BUILDING
CHICAGO
P .
0
MUNICIPAL BONDS
.
bonds.
I
Sealed bids will be received at the T ow n Treas
urer’s office, Greenwich, Conn., until 3 p. m.
JU L Y 20T H , 1 9 0 9 , for the purchase of $600,000 4%
serial gold bonds, In denominations of $1,000 each,
coupons attached, with privilege of registration,
dated August 1st, 1909, numbered from 1 to 600
Inclusive, 60 of said bonds In order as numbered
being payable on August 1st, 1914, and 12 of
said bonds In order as numbered being payable
on August 1st In each of the years 1915 to 1959
Inclusive.
Principal and Interest payable at the A stor
Trust Com pany, New York City,
All bids must bo ac 9 0 inpanled b y a certified
check for two per cent of am ount bid.
The right is reserved to reject any or all bids.
N. A . K N A P P .
J
M. J. Q U IN N ,
JCommlttee.
E. N. CHAPM AN,J
W
$1,360
bonds.
Denomination $500. Date June 1 1909. Interest semi-annually In
Zelienople. M aturity $500 yearly after 3 years, all subject to call, how
ever, after 10 years. Bonds are tax-exem pt.
NEW
8
$4,775
bonds.
$ 1 2 ,0 0 0 4 ) ^ % s c h o o l-b u ild in g
“ n u m e r o u s i n d i v i d u a l s .”
Denomination $500. Date May 13 1909. Interest Jan. and July.
Maturity $1,000 on Jan. 1 In each of the years 1924, 1926, 1928 and 1929.
8 3 7 9 , 0 0 0
$3,465
bonds.
Zelienople School District (P. O. Zelienople), Butler
County, Pa.— Bond Sale.— T h i s d i s t r i c t h a s d i s p o s e d o f
Purchasers of Bonds.—
LOAN S.
$2,815
bonds.
Hayden, Miller & Co., Cleve. $9,883 00 a$l,590 00 $8,378 00 a$600 00 a$l,001 00
Otis & Hough, Cleveland___ 9,911 00 .............. 8,400 00 ..................................
Weil, R o th * Co., Cincinnati. a9,943 25 .............. a8,426 30 .............. .....................
Seasongood & Mayer, C in ...
9,906 18 ________ 8,395 20 ________ ________
First Nat. Bank, Cleveland..
9,941 00 1,623 60 8,421 0 0 612 70 1,003 15
New First Nat. Bank, Coluin.
9,825 00
8,335 00 ...............
1,001 00
a Successful bidders.
The First National Bank of Cleveland bid for "all or none,” while Otis & Hough
of Cleveland bid for at least two Issues or none. All bids include accrued interest
to date of delivery. With the exception of the $1,360 Wick Avenue cleaning bonds
and the $1,000 main sewer bonds which mature Oct. 1 1910, the other issues are due
part yearly on Oct. 1 from 1910 to 1914 Inclusive.
Bond Offering.— P r o p o s a l s w ill a l s o b e r e c e i v e d u n t i l '
1 2 m . J u ly 31 fo r $ 9 ,0 0 0 4 ) ^ % c o u p o n S p r u c e S tr e e t p a v in g
assessm en t b o n d s.
NEW
$18,000
Hayden, Miller & Co., Cleve.$18,348 00 a$2,845 00 $3,503 00 $4,827 00 a$l,362 00
Otis & Hough, Cleveland___ 18.315 00 ............. a3,527 00 al,855 00 - ............
Weil, ltoth & Co., Cincinnati. 18,370 80 .............................................. .............
Seasongood & Mayer, C in... 18,307 80 ........................................................ .......
C. 15. Dennison & Co., Cleve.al8,383 75 ......................................... ....................
Davies & Bertram Co., Cin.. 18,381 00 .... ..................................... .
.............
First Nat. Bank, Cleveland.. 18,329 00 2,875 00 3,539 00 4,876 00 1,364 25
Western-German Bank, Cin.. 18,327 00 ...............................................................
Breed & Harrison, Cincinnati 18,315 00 ................................................................
New First Nat. Bank, Coluin. 18,243 00 ........... - ........................................... .
U L E N , S U T H E R L IN & 0 0 .
_ 617 First Nat. Bank Bldg, CHICAGO, IL L .
C H E L T E N
T R U S T
C O M P A N Y
5614 Germantown Avenue,
Philadelphia, Pa.
Selldta'the business of Corporations and M unici
palities desiring the services of a Registrar. Trustee
or Financial A gent.
THE CHRONICLE
184
G . A. Stim son & C o., T oron to $31,854Brouse, Mitchell & C o., T o r .$31,426
Hanson B ros., M ontreal_____ 31,821
Aemiltus Jarvis & C o., T o r . . 31,389
Brent, N oxon & C o., T oron to 31,761 W o o d , Gundy & C o., T oron to 31,364
W . A. Mackenzie & C o., T o r . 31,633 Dom inion Securities Corpora
Ontario Securities C o., T o r . , 31,607
tion, L td ., T oron to______ 31,050
H . O ’ Hara & C o., T o r o n to .. 31,465 S. B . Morris & C o., R o d n e y . 30,000
Interest June 20 at the County Treasurer’s office In Belleville. Maturity
part yearly on June 20 from 1010 to 1920 Inclusive.
Canada, its Provinces and Municipalities.
Almonte, Ont.— Debenture Sale.—
An
is s u e
of
4 yfflo 2 0 - y e a r
s t r e e t-im p r o v e m e n t d e b e n tu r e s
b o u g h t b y t h e S t a n d a r d L ife o f M o n tr e a l.
p
$ 1 5 ,0 0 0
has
been
Angove School District (P. O. Angove), Sask.— Debenture
Sale.—
T h is d is t r ic t r e c e n tly
A d d is o n R e id o f T o r o n t o .
s o ld
$ 1 ,0 0 0
d e b e n tu re s
to
I r v i n e S c h o o l D i s t r i c t ( P . O . I r v i n e ) , A l b e r t a . —Debenture
J . A d d is o n R e id o f T o r o n t o h a s p u r c h a se d $ 5 ,0 0 0
d e b e n tu re s.
J.
Sale.—
Antigonish, N. S.— Debenture Offering.— P r o p o s a l s w ill
b e r e c e iv e d u n t il J u ly 2 2 b y D . C . C h is h o lm , T r e a s u r e r , f o r
$ 8 ,0 0 0 4 % 2 0 -y e a r d e b e n tu r e s .
K e e w a t i n , O n t . — Debenture Sale.— T h e $ 8 , 0 0 0 5 % s c h o o l
d e b e n tu r e s , p r o p o s a ls fo r w h ic h w e r e a s k e d u n t il J u n e 3 0
( V . 8 8 , p . 1 6 4 2 ) h a v e b e e n s o ld to G . A . S tim s o n & C o . o f
T o r o n t o fo r $ 8 ,0 9 1 ( 1 0 1 .1 3 7 ) a n d a c c r u e d in te r e s t.
B id s
w e r e a l s o r e c e i v e d f r o m W . A . M a c K e n z i e & C o . , S t e in e r
D u n lo p & C o ., th e O n ta r io S e c u r itie s C o ., W i n . C . B r e n t
a n d H . O ’ H a r a & C o . , a ll o f T o r o n t o .
M a t u r it y p a r t y e a r ly
fo r t w e n ty y e a r s .
^ Aylmer, Ont.— Debentures Voted.— A t a n e le c t io n h e l d
J u l y 8 a p r o p o s i t i o n t o is s u e t h e $ 4 , 0 0 0 5 % 2 0 - y e a r b r i d g e
d e b e n t u r e s m e n t i o n e d in V . 8 9 p . 6 6 , w a s f a v o r a b l y v o t e d .
T h e v o t e w a s 4 1 “ f o r ” to n o n e “ a g a i n s t .”
Bismark School District (P. O. Bismark), Ont.— Debenture
Sale.—
A n is s u e o f $ 1 , 0 0 0 6 % 1 0 - y e a r d e b e n t u r e s h a s b e e n
a w a rd e d to G . A . S tim so n & C o . of T o r o n to ,
p? Blandford
Township,
Ont —Debenture
[VOL. L X X X I X .
K e llih e r S c h o o l D is t r ic t ( P . O . K e lli h e r ) , S a s k .— D eb en
tu re Sale.— J . A d d i s o n R e i d w a s r e c e n t l y a w a r d e d $ 3 , 5 0 0
d e b e n tu re s.
Sale.—
G.
A.
S tim s o n & C o . o f T o r o n t o a d v is e u s th a t th e a m o u n t o f
4
d e b e n tu r e s r e c e n tly a w a r d e d th e m w a s $ 4 ,0 2 2 a n d n o t
$ 4 ,* 0 0 0 a s r e p o r t e d in V . 8 9 , p . 6 6 .
M a tu r ity p a r t y e a r ly
L a s h b u r n , S a s k . — Debenture Sale.— P e r m a n e n t - i m p r o v e
m e n t 5^2% d e b e n t u r e s t o t h e a m o u n t o f $ 1 , 5 0 0 h a v e b e e n
a w a r d e d to N a y & J a m e s o f R e g in a .
fo r te n y e a r s .
Brampton, Peel County, Ont.— Debenture Sale.— H a n s o n
B r o s , o f M o n t r e a l w e r e t h e s u c c e s s f u l b id d e r s o n J u n e 2 1 f o r
t h e ] $ 1 5 ,4 0 4 5 %
c e m e n t - c o n c r e t e -s i d e w a l k d e b e n t u r e s a n d
L o n d o n , O n t . — Debenture Election.— A n e l e c t i o n w ill b e
h e l d in t h i s p l a c e t o v o t e u p o n a p r o p o s i t i o n t o is s u e $ 9 5 , 0 0 0
w a te r -w o r k s d e b e n tu r e s .
t h e $ 5 0 , 4 8 8 4 & % s e w e r d e b e n t u r e s d e s c r ib e d in V . 8 8 , p .
1578.
T h e f o r m e r is s u e m a t u r e s p a r t y e a r l y f o r t w e n t y
y e a r s , w h il e t h e l a t t e r is d u e p a r t y e a r l y f o r t h i r t y y e a r s .
M e ig h e n
S ch ool D is tr ic t,
S a s k . — Debenture Sale.— A c
c o r d in g to r e p o r ts th is d is tr ic t r e c e n tly a w a r d e d $ 1 ,5 0 0
d e b e n tu r e s to J . A d d is o n R e id o f T o r o n t o .
Elmira, Ont.— Debenture Sale.—
N o r t h B a t t le f o r d , S a s k .—
W in . C . B ren t of T o ro n to
is r e p o r t e d a s b e i n g t h e s u c c e s s f u l b i d d e r f o r
d e b e n tu r e s , d u e p a r t y e a r ly fo r t w e lv e y e a r s .
$ 8 ,0 0 0
NEW
$2 5 0 ,0 0 0
E ssex
C ou n ty ,
P A R K
4 0 -y e a r d e
& Co.
4 )^ %
P o r t a g e L a P r a i r i e , M a n . — Debenture Offering.— P r o p o s a l s
w ill b e r e c e iv e d u n t i l 1 2 i n . J u l y 2 4 b y F . W . C l a y t o n , C i t y
C le r k , fo r $ 5 0 ,0 0 0 3 0 -y e a r 5 %
w a te r -w o r k s d e b e n tu r e s .
D a te J an . 2 1 9 1 0 .
In t e r e s t s e m i-a n n u a l.
Hastings County (P. O. Belleville), Ont.— Debenture Sale.
___O n J u ly 9 t h e $ 3 0 , 0 0 0 5 % d e b e n t u r e s o f fe r e d o n t h a t d a y
( V . 8 9 , p . 6 7 ) w e re s o ld to G . A . S tim s o n & C o . o f T o r o n t o a t
1 0 6 .1 8 a n d a c c ru e d in te r e s t.
F o llo w in g a r e th e b id s :
LOAN S.
G . A . S tim so n
5%
P e t e r b o r o , O n t . — Debenture Sale.— G . A . S t i m s o n
o f T o r o n t o w e re th e s u c c e s s fu l b id d e r s fo r $ 4 ,0 0 0
d e b e n tu r e s d u e p a r t y e a r ly fo r 2 0 y e a r s .
Halifax, N. S.— Debenture Sale.— W e a r e a d v i s e d b y J . C .
M c I n to s h & C o . o f H a lif a x th a t th e y h a v e b o u g h t $ 1 2 0 ,0 0 0
4 % f d e b e n t u r e s d a t e d J u l y 1 1 9 0 9 a n d d u e J u ly 1 1 9 4 0 .
NEW
Debenture Sale.—
& C o . o f T o r o n to h a v e p u r c h a se d $ 7 5 ,0 0 0
b e n tu re s.
5%
ACCOUNTANTS.
LOAN S.
$419,420 60
N ew
Jersey
C ity
o f
O tta w a ,
O n ta r io ,
DEBENTURES FOR SALE
BONDS
The Board of Chosen Freeholders of the County
of Essex, New Jersey, Invites proposals for the
purchase of $250,000 E SSEX COUNTV" P A R K
BON DS, in denom ination of $1,000 each, Interest
coupons at 4 per cent per annum, payable Aug. 1
and Feb. 1 , principal and Interest payable In
gold. Bonds payable Aug 1 ,1 9 4 0 .
The bonds will bear Interest from Aug. 1 1909,
and the purchaser must pay Interest accrued to
date of delivery.
,
,.
..
_
Sealed proposals will be received b y the Finance
Committee of the Board of Chosen Freeholders,
at a meeting to be held b y said Committee, at
the Freeholders' room In the Court House, at
Newark, N . J ., on W E D N E S D A Y , JU LY 28.
1909, at 3 o ’clock p. m ., which meeting will
rem ainlopen for the reception of proposals until
3- 30 p. m . Each proposal shall state the amount
of bid In words and figures, and must be accom
panied b y certified checks for $2,500, which will
be applicable on account of purchase m oney of
bonds, and fo r fe it e d b y successful bidder who
afterwards falls to take the bonds. Copies of
proceedings will be furnished to successful bidders,
but proposals must be unconditional.
The Finance Committee reserves the right to
reject any and all proposals, If, In Its judgm ent, the
Interest of the County requires such action.
The
bonds will be engraved under the supervision of,
and certified as to their genuineness b y, the
United States Mortgage & Trust Company of New
Y ork City, and will be ready for delivery on
August 18th, 1909.
B y order of
FIN AN CE COM M ITTEE.
AMOS W . H A R R IS O N , Chairman.
Tenders addressed to “ The Chairman, Board
of Control,” and marked “ Tenders for Deben
tures,” will be received b y the Corporation of the
City of Ottawa until 12 o ’clock noon, on T H U R S
D A Y , T H E 2D S E P T E M B E R , 1909, for the
purchase of $98,000 00 40-year debentures,
$159,000 00 30 years and $162,420 60 20 years.
The debentures are all a liability of the City
at large, arc all dated 1st July, 1909, and bear
4 % interest, payable 1st January and 1st July.
All tenders must be on the official form , accom
panied with a marked cheque for $5,000.00.
Accrued Interest must be paid in addition to the
price tendered.
Bonds will be made payable in Ottawa, New
Y ork and London, at the option of purchaser;
and in denominations to suit.
Delivery will be made at Ottawa within one
m onth if required.
The highest or any tender not necessarily a c
cepted.
Full particulars, together with further condi
tions and official form of tender can be obtained
on application to the City Treasurer, Ottawa.
Ottawa, 6th July, 1909.
(Sgd.) C H AS. H O P E W E L L ,
Mayor.
Blodget, Merritt & Go.
BANKERS
Arthur Young & Co.
C e r t ifie d
P u b lic
A cco u n ta n ts
(IL L IN O IS )
N e w Y o r k . .’JO P i n e S t r e e t
M ilw a u k e e , 0 3 3 W elle B ldg
C h icago, 1 3 1 3 M on ad n ock B lock
K a n s a s C it y , 1 1 0 0 C o m m e r c e B l d g .
LYBRAND,
ROSS BROS &
M ONTGOM ERY
C e r tifie d
P u b lic A c c o u n ta n ts
(Pen n sy lv an ia)
L a n d T itle B u ildin g
P H IL A D E L P H IA .
C i t y I n v e s t i n g B l d g ., 1 0 3 B r o a d w a y
NEW Y O R K .
Union B an k B uildin g
PITTSB U R G H .
JAM ES
PARK
& CO.
C E R T IF IE D P U B L IC ACCOU N TANTS
S T A T E ,
AN D
P e r r y , C offin & B u r r ,
IN V E S T M E N T
60
New York,Chicago, Cincinnati and
London, England.
C I T Y
R A I L R O A D
A U D ITO R S
FOR
F IN A N C IA L IN S T IT U
T IO N S. IN D U S T R IA L AN D
M IN IN G COM PA N IES
Investigations, Financial Statem ents,
Periodical Audits and Accounting.
B O N D S
BONDS
State Street,
6o
S ta te
S tre e t,
30
P in e
S tre e t, -
N e w
B o sto n
H A R R Y
BOSTON.
4 3 K IN G S T ., W .. T O R O N T O , C A N A D A
& CO.
IN V E S T M E N T S
1332
W a ln u t
S tre e t
PHILADELPHIA
LISTOFSPECIALTIESONREQUEST
W E L C H
Audits, Investigations, Cost and Gonoral Systems
A L F R E D
BLACKSTAFF
J .
C H A R TER ED ACCOUNTANT
Y o rk
M U N IC IP A L
A N D
R A IL R O A D
BONDS.
56 Pine Street,
SEAS0NG00D & MATER,
LIST_ON A P P L IC A T IO N
Mercantile Library Building
CINCINNATI
R O S E
&
C O .,
CERTIFIED PUBLIC ACCOUNTANTS
-
NEW Y O R K
Telephone 4201 John.
L O O M IS ,
C E R T IF IE D
C 0 N A N T &
C O .
P U B L IC A C C O U N T A N T S
3 0 B r o a d S tre e t, N e w Y o r k
[
Tel. 4968 Broad.
17 1909. J
Ju l y
185
THE CHRONICLE
P o r t A r t h u r , Ont.— Debenture Offering.— P r o p o s a l s w i l l
b e r e c e iv e d u n t il 8 p . m . J u ly 2 6 b y J . M c T e r g u e , C ity C le r k ,
Swift Current, Sask.— Debenture Sale.— T h e 1 f o l l o w i n g
p r o p o s a ls w e r e r e c e iv e d o n J u ly 5 fo r t h e $ 1 0 ,0 0 0 6 % 1 0 -y e a r
f-oc t h e f o l l o w i n g d e b e n t u r e s :
d e b e n t u r e s m e n t i o n e d in V . 8 8 , p . 1 6 4 3 :
$60,000 5% Collegiate Institute debentures. Interest payable January
and J uly. Maturity thirty years.
55,400 04 5% local im provem ent debentures. Interest payable January
and July. Maturity tw enty years.
6,228 23 5% local Improvement (retaining wall) debentures. Interest
payable January and July. Maturity thirty years.
40,000 4
additional Collegiate Institute debentures. Interest payable
February and August. Maturity thirty years.
Interest payable at the Bank of Montreal In T oron to. Purchaser to pay
accrued Interest.
H aw key, Somerville & Co.,
Indian H ead___________ $10,403 87
G. A. Stlmson A C o., T or. 10,370 00
Steiner, Dunlop & C o., Tor.10,365 00
W o o d , Gundy & C o., Tor. 10,325 00
G .M .A nnable, Moose Jaw 10,300 00
J. C. M acintosh & C o.,
H a lifa x ________________ 10,245 00
Prince Albert, Sask.— Debenture Sale.—
H a w k e y S om er
v i l l e & C o . o f I n d i a n H e a d , o f f e r in g 9 7 . 6 9 3 a n d a c c r u e d
in t e r e s t , w e re th e s u c c c s fu l b id d e r s o n J u n e 2 8 fo r th e s ix
is s u e s o f \y2% d e b e n t u r e s , a g g r e g a t i n g $ 8 3 , 8 0 0 , d e s c r ib e d
in V . 8 8 , p . 1 5 1 9 .
A li s t o f t h e b i d s r e c e i v e d f o l l o w s :
H aw key, Somerville & C o.,
T oron to ------ 95.76
Indian H o a d ...................... 97.693 G. A . Stlmson & Company,
II O ’ Hara & C o., T o r o n to .. 97.415
T o r o n t o ---------------------------- 95.732
A J Bell
96.799
J. Addison R eid, T o r o n t o ... 95.95
Steiner Dunlop & C o., T o r . . 96.50 W ood , Gundy & C o., T oronto 94.52
W A ilacK enzle & C o., T o r. 96.35 Acmillus Jarvis & C o., T o r . . 94.325
Im perial Bank________ 96.125
G. M. Annable, Moose J a w .. 94.30
Wallace, Man.— Debenture Sale.— W e a r e i n f o r m e d t h a t
W . A . M a c k e n z i e & C o . o f T o r o n t o w e r e t h e s u c c e s s fu l b i d
d e r s o n J u l y 1 f o r t h e $ 2 0 , 0 0 0 4 % 2 0 - y e a r g o l d c o u p o n t e le
p h o n e - c o n s t r u c t i o n d e b e n t u r e s d e s c r i b e d in V . 8 8 , p . 1 6 4 3 .
T h e p r ic e p a i d b y t h e m w a s 9 7 a n d a c c r u e d i n t e r e s t .
F o l
lo w i n g a r e t h e b i d s :
W . A. Mackenzie A C o., T o r .$19,400 Aemillus Jarvis A C o., T o r . . $19,066
W . C. Brent, T o r o n to ...........18,929
G. A. Stlmson A C o., T o r___19,341
Ontario Sec. C orp., L td ., Tor. 19,257 W ood , Gundy A C o., T o r____ 18,853
H. O ’ Hara A C o., T o r o n to .. 17,858
J. A. R eid, T oron to_________19,067
H aw key, Somerville A C o.,
National Trust C o___________ 19,042
Indian H e a d _______________ 17,841
Westmount, Que.— Debenture Offering.— P r o p o s a l s w ill
b e r e c e iv e d u n t i l 1 2 m . S e p t . 1 b y t h e C i t y C le r k f o r the
$ 4 3 5 ,0 0 0 4 % 4 4 -y e a r c o u p o n b o n d s a u th o r iz e d o n M a y 17
Rosthern, Sask.— Debentures Defeated.—
T h e p r o p o s itio n
t o is s u e t h e $ 6 , 0 0 0 f i r e - p r o t e c t i o n d e b e n t u r e s m e n t i o n e d j n
V . 8 8 , p . 1 6 4 3 , w a s d e fe a t e d a t th e e le c tio n h e ld J u ly 5 .
Saskatoon, Sask.— Price
(V . 8 8 , p . 1 3 9 3 ).
Interest semi-annually on May 1 and N ov. 1 at the head office of the
Bank of Montreal In Montreal. Paym ents to be made 1% on application.
19% on Oct. 1, with accrued Interest from May 1, 20% on N ov. 1 and Dec. 1
1909 and Jan. 1 and Feb. 1 1910, with accrued interest from May 1, at the
W estm ount branch of the Bank of Montreal.
Paid.—
The
p r ic e
p a id
fo r
th e $ 1 8 4 ,8 0 0 5 %
3 0 -y e a r d e b e n tu r e s a w a r d e d on J u n e 3 0
to W o o d , G u n d y & C o . o f T o r o n to ( V . 8 9 , p . 1 2 4 ) w a s
1 0 3 .6 3 4 .
T h i s is o n a n i n t e r e s t b a s i s o f a b o u t 4 . 7 7 8 % .
The
f o l l o w i n g b i d s w e r e r e c e iv e d :
W o o d , Gundy A C o., Tor$191,517
Steiner, “Dunlop
110 A C o.,T orl90,803
___
H awkey, Somerville A
C o., Indian H ead-------- 190,639
J. Addison R eid, T o r . . . 189,125
W m . C. Brent, T oron to. 188,769
00 Ont. Sec. C o., L td ., T o r .$187,557
00 W . A. M acK enzle& C o.,Tor. 186,925
G. A. Stlmson & C o.,
T o r o n t o ......................... 185,000
68
00 Aemlllus Jarvis A C o.,
T o r o n t o ______________ 181,898
00
Whitewood, Sask.— Debentures Voted.— Debenture Offer
ing.—
T h e p r o p o s i t i o n t o is s u e t h e $ 4 , 0 0 0 6 %
d e b e n tu re s
m e n t i o n e d ih V . 8 9 , p . 6 8 , c a r r ie d b y a v o t e o f 2 1 3 t o 9 a t
t h e e le c t i o n h e ld J u ly 5 .
M a tu r ity p a r t y e a r ly fo r 2 0 y e a r s .
P r o p o s a l s f o r t h e s e d e b e n t u r e s w ill b e r e c e iv e d u n t i l J u l y 3 1
00
00
00
64
a n d w ill b e o p e n e d o n A u g . 2 .
Shellmouth School District No. 292 (P. O. Shellmouth),
Man.— Debenture Offering.— P r o p o s a l s w i l l b e r e c e i v e d u n t il
J u ly 2 9 fo r $ 3 ,5 0 0 6 % s c h o o l d e b e n t u r e s .
y e a r ly fr o m 1 9 1 0 to 1 9 2 9 in c lu s iv e .
M a tu r ity
Windsor, Ont.— Debenture Offering.— P r o p o s a l s w ill b e
r e c e iv e d u n t i l 1 2 m . J u l y 2 1 b y S t e p h e n L u s t e d , C l e r k , f o r
part
th e fo llo w in g 4 J ^ %
d e b e n tu re s:
$20,000 water-works-im provem ent debentures. Denomination $1,000.
Maturity part yearly for 20 years.
19,000 coupon Collegiate Institute and public-school debentures. Inter
est seml-annualiy on June 1 and Dec. 1 at the City Treasurer s
office. Maturity part yearly for 30 years.
Streetsville, Ont.— Debenture Election.— W e s e e i t r e p o r t e d
t h a t a $ 5 , 5 0 0 2 0 - y e a r b r i d g e d e b e n t u r e e l e c t i o n w ill b e h e ld
J u ly
J. Addison R eid, R e g in a .$10,126 00
A. E. Ames & Com pany,
T oron to________________ 10,120 00
W m . C .Brent, T o r o n t o .. 10,061 06
W . A. M acKenzle & C o.,
T oron to________________ 10,043 00
H . O’ Hara A C o., W inni
peg____ . . . . . . ____ . . . .
9,585 00
19.
P U B L IC A T IO N .
M IS C E L L A N E O U S .
Adrian H. Muller & Son,
N O W
R E A D Y
A U C T IO N E E R S .
Regular Weekly Sales
STOCKS and BONDS
H a n d
B o o k
o f
S e c u ritie s .
OF
EVERY
W ED N ESDAY.
Monthly Range of Prices for Bonds and Stocks
O ffic e , N o . 5 5 W I L L I A I T I S T R E E T ,
C o r n e r c i n e M re e t.
IT V
A
M
E
S
T
A
L
C
O
T
T
Banker and Commission Merchant.
Manufacturers' and Other Accounts
Solicited and Financed.
S A L E S
C A S H E D
Equitable Interest Allowed on Deposits
SU B JEC T
TO
CHECK
MAIN STORE
108-110 F R A N K L IN ST., NEW Y O R K C ITY.
Annexes In New Y o rk and other cities
A M E R I C A N
M F G
The
-
S
BALTIMORE
PITTSBURGH
CHICAGO
NEW YORK
STOCK EXCHANGE
H a n d -B o o k a ls o c o n ta in s a T a b u la t e d
sto c k s
and
bonds
of
r a ilr o a d
S t a t e m e n t sh o w in g th e
and
in d u s t r i a l
c o m p a n ie s
w h o s e s e c u r i t ie s a r e c o m m o n l y s o l d in t h e m a r k e t s o f N e w Y o r k , B o s t o n ,
P h ila d e lp h ia ,
S tre e t.
I E
1903-1904-1905-1906-1907-1908
o u tsta n d in g
CORDAGE.
W a ll
I T
Yearly Range of Prices for Stocks and Bonds
C O .
MANILA, SISAL AND JU T E
65
C
NEW YORK
BOSTON
PHILADELPHIA
ON
T H E
I X
TO JULY 1. 19 0 9 .
ESTABLISH ED 1854.
J
S
N ew
Y ork
B a ltim o r e ,
& c .— to g e th e r
w ith
a
record
of
th e
in c o m e ,
f i x e d c h a r g e s , & o . , o f t h e c o m p a n i e s f o r a s e r ie s o f y e a r s p a s t .
I t li k e w i s e c o n t a i n s a r e c o r d o f t h e d i v i d e n d s p a i d o n r a ilr o a d a n d
The United States Life
Insurance Co.
1908
I860
l e a d i n g in d u s t r i a l s t o c k s d u r i n g e a c h o f t h e y e a r s 1 9 0 2
to 1 9 0 8
in c lu s iv e
a n d to J u ly 1, 1 9 0 9 .
Price of Single C o p ie s ...................................................................... $1 00
To Subscribers of the Chronicle
.................................................
15
IN1THE CITY OF NEW YO RK
Issues Guaranteed Contracts.
JOHN
P . M U N N , M . D . , P re sid e n t
Finance Committee
T h e H a n d - B o o k is is s u e d t o B a n k e r s a n d B r o k e r s w i t h
th e ir
carJs
JA M E S R . P L U M ...................... - - - - - - - Leather
O L A R E N C B H .K E L SE Y.Pres.Title G u. * T r. Go.
W M . H . P O R T E R . Pres. Chemlca National Bank
l e t t e r e d in g i l t o n t h e o u t s i d e c o v e r ( n o t le s s t h a n 2 5 c o p ie s t o o n e a d
Good m en, whether experienced In life insurance
or not, m ay make direct contracts with this Com
pany, for a limited territory If desired, and secure
for themselves, in addition to first year’s commis
sion, a renewal Interest Insuring an Income for the
future.
Address the Company at Its Home Office,
No 277 Broadway, New York City.
C o m m e r c i a l Sc F in a n c i a l (J lir o n ic le
d r e s s ) a t s p e c ia l r a t e s .
Front, Pine and Depeyster Streets,
NEW YORK.
186
THE CHRONICLE
Ccrmiratxles.
Q xu st
U
n i o n
T
r u
OF
s t
C
NEW
o m
_______________gvxtst CxmxyartH.
nnitef States Tnist c o m of jtew toil
p a n y
YO RK
C H A R T E R E D 1864
80 B R O A D W A Y
Branch 425 Fifth Avenue, Corner 38th Street
With Modern Safe Deposit Vaults
C a p ita l
[VOL. LXXXIX.
Chartered 1803
45 a n d 4 7 W a ll s tr e e t.
c a p it a l
,
S u r p lu s (e a r n e d ) $ 8 ,0 0 0 ,0 0 0
ALLOW S INTEREST ON DEPOSITS.
A cts as E xecutor, Guard an. Trustee. &c
Administers “ Institutional” and Other
Fiduciary Trusts
Rece ves Securities for Safe Keeping and
Collection of Incom e.
T R U STE E S
W a'ter P. Bliss,
H . Van R . K en nedy,
Amory S. Carhart,
James Gore King,
John W . Castles,
W . Emlen R oosevelt,
Alex. S. Cochran,
N . Parker Shortrldge,
Amos F Eno,
Jomes Speyer,
Frederic deP. Foster.
John V . B. Thayer,
Harrison E. Gawtry,
Charles H . Tw eed,
Robert W . Goelet.
Richard T . W ilson,
Adrian Iselln Jr.,
James T . W oodw ard.
Augustus W . Kelley,
W illiam W oodw ard.
$13,510,605.04-
........................................................................................$ 2 , 0 0 0 , 0 0 0 . 0 0
S U R P L U S A N D U N D IV ID E D P R O F IT S ,
$ 1 ,0 0 0 ,0 0 0
-
-
-
This Company acts as E xecutor. Administrator, Guardian, Trustee. Court Depositary and in
i4 her recognized trust capacities.
.
It allows Interest at current rates on deposits.
It holds, manages and Invests m oney, securities and other property, real or personal, tor e «ta t««’
i*rporatlons and Individuals.
'
EDWARD W . SHELDON, President.
WILLIAM M. KINGSLEY, 2d V.-P.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A. EDWARDS, 2d Asst.Sec
TR U STE E 3.
W . Bayard Cutting.
Jhartes S. Sm ith,
William Rockefeller,
Alexander E. Orr.
William H . M acy, J r.. J!
JO H N A. S T E W A R T , C h a ir m a n o f th e B o a r d .
W illiam D . Sioane,
John Claflln,
Gustav H . Schwab.
John J. Phelps.
Frank Lym an,
John S. Kennedy,
George F. Vletor,
D . O. Mills,
James Stillman,
Lewis Cass Ledyard,
S tro n g e st
O FFIC E RS
JOH N W . CASTLES, President.
AUGUSTUS W . K E L L E Y . V lce-Prest.
JOHN V . B. T H A Y E R . V lce-Prest. & Sec.
E D W A R D R . M E R R IT T , Vlce-Prest.
GEORGE G A R R H E N R Y , V lce-Prest.
C. C. R A W L IN G S . Trust Oftlcer.
H E N R Y M. P O P H A M ,1
T. W . H A R T S H O R N E . [A sst. Sec’ ys.
H E N R Y M. M Y R IC K . J
C
E
N
T
R
A
L
in
T
R
W o r k in g
U
of N E W
54
S
Lym an J. Gage.
Payne W hitney,
E dw ard W . Sheldon
Chauncey Keep,
George L . Rives,
Arthur O. James,
C a p ita l
T
C
O
M
P
A
N
Y
YORK
W a ll
Street
Capital and Surplus, $ 18,000,000
(of which $I 7 ,0 0 0 , 0 0 0 hasbeenearned)
M
a
n
h
a
t t a
n
T
r u
s t
C
o
Authorized to act asExecutor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts asTransfer Agent, Registrar and Trustee under Mortgages.
m
p
a
n
y
lU ln o is T r a s t & S a r n i^ s B a n R
C H IC A G O
20
W a ll
C orn er
C a p ita l a n d S u r p lu s
S I 3 ,3 0 0 ,0 0 0
S tre e t
N assau
P a y s In terest on
N E W
D e a l s in
Y O R K
T im e
T ra n sa cts
_________
U N IT E D
a
G en eral
i e
©
o
r p
o
r a
t i a
F o r e ig n
T ru st
C O R R E S P O N D E N C E
3 P
STATES
D e p o s its , C u rre n t a n d R e s e r v e
In v e s tm e n t S e c u r itie s a n d
t t
A cco u n ts
E x ch a n g e
B u s in e s s .
IN V IT E D
'i 'n
r
s t
©
0
.
M ORTGAGE & TRU ST
37 Wall Street, New York, maintains the most
COM PANY
complete system in existence for the organization
of corporations in every State.
C ed a r St.
S t. & B ’w a y
1 3 5 th St. & 8 tb A y e
55
7 3 rd
Information regarding the corporation laws and
practice furnished without charge.
C A P IT A L ,
SURPLUS
$ 2 ,0 0 0 ,0 0 0 .0 0
$ 4 ,0 0 0 ,0 0 0 .0 0
T h e
OFFICERS
CORNELIUS C. C U Y L E R ......... President
JOHN VV. P LA TTE N .First Vice-President
CALVERT B R E W E R ____Vice-President
CARL 0 . RASM U S......... .V ice-President
FR AN K J. P A R S O N S ................. Secretary
JOSEPH A D A M S ______________ Treasurer
HENRY L. SERVOSS___A sst. Treasurer
T. VV. B. M ID D L E T O N .-A sst. Secretary
VICTOR E H R L IC H E R -.A s st. Secretary
H A R R Y VV. H A D L E Y ..A s s t. Treasurer
T ru s t
C o m p a n y
C O L O N IA L B R A N C H !
222
B roa d w a y,
N ew
T.
W ils o n
&
C o.
Bankers & Commission Merchants
38 W A L L STREET
-
.
NEW YORK
A m e ric a
L O N D O N O FFIC E .-
Y ork.
C A P IT A L
R.
o f
37-43 W A L L S T R E E T , N E W Y O R K .
AND
95
SURPLUS
G resh am
S t.,
L ondon,
E.
$ 8 ,0 0 0 ,0 0 0
Issu e s in te r e s t-b e a r in g c e r tific a te s o f d e p o s it.
R e c e iv e s d e p o s its s u b je c t to c h e c k .
C.
@FedFRASER