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1
Finanrial
INCLUDING
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congreas.
VOL.
In the
year 1904. by William B.
and City Section (semi-AnnuaUy)
Street Railway Section {^-^IJ^^^")
State
Dana COMPANr,
SATURDAY, JULY
79.
In the office of Librarian of Congress. Washington. D. C.
1904.
2,
NO.
June 25
IVeek ending
—
2036.
Clearings at
1904.
1903.
1902.
1901.
PUBLISHED WEEKLY.
Terms ol Subscription— Payable in
For One Tear
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
Advance
SIO 00
6 00
'.["
13 OO
7 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
,
I...
£2
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148.
lis!
Subscription includes following Sections—
BANK AND QUOTATION (monthly)
State and Citt (semi-annually)
Bail WAT and industrial (quarterly) Street Railway (3 times yearly)
Boston
Providence
Hartford
122.827,102
6,001,100
2.083,724
1.904,522
1,270,469
1,205,734
1,443,689
566,651
436,914
322,247
New HavenSpriuefleld
Worcester
Portland
ball River
Lowell
New Bedford
Holyoke
112.563.291
6.028,300
2,391,664
1,648,788
1,406,469
117,212,731
7,053,300
2.286,337
1,460.142
1.320.286
1,539,.^07
1510.184
<. 682
733,309
427,378
594,999
444,195
1,30
499,29'
I
Total
Terms
Advertising— Per
ot
Space
Incli
129,085,550
149,839,696
27,374,800
12.042,017
10,119,475
6,445,954
5,839,340
4,015.100
8,400,709
1,884,223
1 ,834,836
1,473.398
1,078,853
168 140,296
23.342,950
19,075,250
9.676,939
7.791,736
6,353,598
4,599,700
8,076.318
2,510,645
Akron
5(i9,850
Sprit) gfleld. Ill
731,171
527,302
658,672
468,331
629,781
492,418
B51,713
302,737
281,368
239,546
201,326
197,050
180,915
82,232
765.000
619,711
723,759
635,082
485,523
496,940
547,297
383,775
344.259
850,480
278.263
199,7-; 8
196,341
176,341
78,528
231.174,313
255,208,214
25,600,416
6,111,435
4,726.299
2.809,239
3,087,797
2.095,254
1,873.136
424,006
494,658
236,682
22,195,181
47,458.982
18,380,313
11,580,771
6,504,219
6,911,796
4,188,894
4,600.000
2,171,285
1,162.672
827,986
607,188
1.090.190
401,846
137,659
Chicago
Transient matter per inch space (14 agate lines)
Two Months
S4
S8
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(13 times)
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Six Months
Twelve Months
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CLEARING HOUSE RETURNS.
Springfield.
O
Bloomlngton
Quincy
Decatur
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the Mansfield
United States for the week ending to-day, July 2, have Jacksonville
.Jackson
been ^1,984,500,728, against $1,827,213,186 last week and Ann Arbor
Total Mid. Western
$2,184,654,777 the corresponding week last year. Independence Day fell in the week of last year.
San Francisco
Los Angeles.
ClearinQS—Rttwrm by lelegravK
Wuk Endvno July 2.
New
York.
Boston
Philadelphia
Baltimore
Chlcaeo
St. Louis...
New Orleans
Seven cities, 5 days.
Other cities. 5 days
Total
5 days
all cities,
All cities, 1 day
Total
The
all cities
for week...
1904.
1903.
P. Cent
-311
be in
We
Spokane
$943,105,011
108,623,665
85,100.438
18.570.241
139.435,197
39,113,464
10,099,169
*1.370.947,540
140,711,878
121,818,212
21,952,732
157,830,459
43,000.000
16,217.742
—20-4
Tacoma
-30-1
—15-4
—11-7
Kargo
Sioux Falls
Total Pacific.
-37-7
Kansas City
$l,33y,047,185
279,984,613
*1,872,478,551
312,176,228
-28-5
-10-3
Omaha
$1,619,031,798
365,468,924
*2,184,654,777
-25-9
*1,984,500,722
$2,184,654,777
-9-2
Helena
the
cases estimated, as we go to press Friday night.
present below our usual detailed figures for the previous
all
Minneapolis
St.
St.
Paul
Joseph.
Denver
Des Moines
Sioux City
'I'opeka
Davenport
Wichita
('olorado Springs
Fremont
Cedar Rapids
Total other West'rn
Louis
New Orleans
St.
Louisville.
Houston
week, covering tlie returns for the period ending with Satur- Ualveston
day noon, June 25, and the results for the corresponding Richmond
week in 1903, 1903 and 1901 are also given. Contrasted with Savannah
Memphis
Atlanta
the week of 1903 the total for the whole country shows loss Nashville
a
of 6-0 per cent.
18 5*2 per cent.
Outside of
New York
the decrease from 1903
,
Norfolk
Fort Worth..
Hirmlndham
Kuoxvilie
Week
—
Augusta
endinri
Clearings at
1904.
New York
Philadelphia
Pitlsbureh
Boltlmore
BulTulo
Wiishlngton
Albany
Rochester
Scranton
Syracuse
Wllmiiitton
Wilkes Barre
Whee.jn;;
BInKbamton
Greensburtr
Chester
Brie
Froaklln, Fa
Reading
Total Middle...
1903.
3,670,:i51
3.611.;i24
4,197,578
2,540,000
1,837,451
1,240,780
928,481
:il40,842
2,229,551
1,714,690
651,719
418,500
-201
+1-8
—1-2
+1-0
+33-4
+ 139
1901.
'S7ISJM)
112
+
-21-8
4-1-5
:tH0.758
48r(,511
—20-8
—3-8
(I
44,218.570
2;i,07s„5()il
l..%'<0,711
1 65J.H08
1,095,803
1,081,671
l,2n:i,»82
692,206
7.55.035
7:i2,2H8
Halifax.:
,')29,7I2
316.000
452.289
371,422
2i'3600
Ottawa
Ouebec
\ nnoouver
Hamilton
«t. John
Loudon
l.lOO.O.'jl
8.'")8,593
;t9i.5:m
205.057
-8-2 1.413.204,790 1.707,298,515
^,.
Total all
Outside New York..
2,347,:tl6
332.';93
149,440.806
150,739,124
21.230,200
15,023,816
8.H87.065
0,617,309
5,072,176
4,085,400
2.609,54'
2.074.172
1,450,404
1,506,899
1,38H,203
670,100
565,162
571,601
476.054
450.742
980,72.'
437,i
385,678
404,215
250.307
206,963
207,859
230,898
169,641
127,823
55,1.36
-94
225,701,551
41,091,312
+15-5
37,984,193
18,324,919
12,768.647
7,762,293
6,188,383
6.490.618
4,526,131
1,683,202
1,335 934
1,246.049
832,5G9
725,846
+0-3
15,036,301
11,254,414
6,608,479
5,459,418
4,493,132
4,519,515
1,752,758
204,217,151
4.990,32'^
3.433.123
8,028,280
2,741,662
1,874,004
1.752,76',>
529,131
356,602
190,241
—93
-16-2
+11-7
-35-5
+1-6
+29
—13-0
-33-6
—19
189.940
-27-5
Not include d
48,764,686
13,644,172
10,338.632
4,769,801
3,362,000
4,070,323
2.888,146
3,811,409
2,185,629
2,103.956
1,483,684
1,105,407
1.016,505
1,200,524
1,045,395
715,935
44,976,708
14,464,390
9,603,075
6,300.000
2,021,500
3,894,208
2,722,774
2.791,669
1,876,909
1,995.452
1,525,521
1,364,174
l,190.(i02
1.047,436
Not
557,786
710,804
835,708
483 000
064,984
600,978
383,801
Inclu de
53,896,483
49,915,796
1,434,08'
1,259,422
+50-3
-56
62,500,234
777,219
498.420
650.000
153,318
16,609,729
8,722 053
5.842,579
4,416,730
4,820,226
3,787,207
1,220,180
1,222,443
1,027,771
840,438
494,631
747,713
104,092
8
425 743
68,624.819
297,915
723,210
510,000
752,178
148.466
701.491
462,109
528.946
351 376
134.043,229
1.780,754
1,698,220
9i»0,20''
Columbus, Qa
Total Southern
3,034,519
In to tal.
litlon ol
Charleston
M.icon
('hattanooKa
Meiiumont
JacksouTllle
5.889,440
2.679,222
2 679,013
6.123,88:)
3,3(i7,974
-f-7-2
-)-8-9
+7
Con
43,117,047
22,953,606
-18
949.144
642.314
1,245,564,085 1,350,183,102
Little Rock.
-6-7 1.223.624,392 1.615.857.123
—20(1 103.600,257 ioi,r,.')0..')i)7
l.l:t9,182
l,132.0(i4
480,970
oio.oo:
425.999
442,821
200,204
197,97l>
1.158,872 .Vot 1iirlu(1»
1002.
Dec.
,055.904.294 1,131,25.'5.101
10a,8 18,238
130,720,774
40.902,520
51,187,517
20,955,76ft
20,57y,lrt7
5,986,679
6,060,139
1,01.'5,261
June 25
Inc. or
+7-3
—90
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to
full details for
. .
Seattle
Salt Lake City..
Portland.
,
1,150,62'
in to tal.
—0 2
48,182,537
9,609,818
8,974.601
5,151,589
2.473,600
3,922.652
2,450,650
2.067.803
1,743,205
1,616,790
1,310,030
1,116,114
1,404.7H6
814.564
094.915
652,683
448,000
356,605
550,0d6
506.690
489,508
304,488
295,388
105,829,538
100,472,599
,827,213,186 1.944 841,011
771,308.892
813,685,912
735,304,399
709,260,028
21.564.078
10,882,900
Canada^
Montreal
Toronto
Winnipeg
'.
VIctori.i
\tS,
24,000,836
22,125,963
14,686,4,55
13610.201
5,127,616
4.»42.ni'..'
2,905,757
l..')38,9.-)7
1,800,794
1,869,714
1.649.009
1.478,1170
2,254.7^4
".'.'.
;
1.4,58,326
1.725,9211
1,068,4.83
917,774
852,4 1
.^Ml,?,^)!
Total Canada
Natloual Unnkit March
10.001,8.50
1,5,1.'55,0,39
50.355.952
1904, on Pave 97.
1.3.H5.7.^2
l.OKl.CUU
982,400
730,571
516.212
53.240,445
1.875.191
1,455,654
1,590,724
1,482.767
1,422.861
1,247,146
758,406
816.981
839,030
693,947
808,74.S
690.9.58
507.709
R04.V5i
40,911,343
89,771,830
—
THE CHRONICLE.
70
[Vol. lxxix.
two leadiug Powers meettug lu a spirit of
compromise and compounding all irritating Issues, as
The week has been coDsplonona for the extreme was in substance done by the agreement reached bePrices have been tween Great Britain and France, shows more pracdnlness of the securities market.
Bcmewhat yarlable, but on the whole have declined In tical wisdom as a means for mlQimlzlng war than any
a mcderate fractional waj; nevertheless an undertone proposal we have ever known.
Idea of
THE FINANCIAL SITUATION.
of strength has prevailed, with a continued investment
demand
This state of the market is not at
all problematical— the explanation is on the surface.
Stock Exchange business has been confronted all the
week by a holiday recess covering three full days
from Friday afternoon to Tuesday morning; and as
the course of values is dependent largely upon the
prospect of the crops, and as their condition depends
upon the most uncertain of agencies^ the weather,
traders would not care to load up with stocks or to
Consequently
carry large blocks over the recess.
always
speculator,
margin
whose
is
average
the
not
inclined
sell
and
to
to
In danger, would be
buy. Again, another uncertainty awaited the opening
of business the coming week, and that was the meeting of the Democratic Convention a party which
has had the irrational faculty of adopting hysterical fads and financial delusions for its platform in
recent years. There have been some evidences of returning sanity in the party of late. At the same time
there have been strenuous echoes from former leaders reflecting unchanged beliefs in the old announcements of four and eight years ago. Perhaps the
makers of the coming platform, under the influence
for bonds.
—
Another anxiety growing out of the existing war
has lasted until very recently. We refer to the an-
European money markets would be
materially disturbed by it and a decided liquidation
would be forced upon the holders of Bussian securltiee; a disaster that would have been by no means of
small proportions.
That fear, which at first looked
ticipation that
quite reasonable, has also been dissipated by the course
Now that each of the belligerents has
put out a foreign loan and Eassia, report says, is
making arrangements to secure another; now, also,
that Bussla, so far as the contest has progressed,
has suffered largely, and according to present
appearance is to suffer defeat in the end; and since in
face of these facts and prospects Easslan credit has
apparently not been impaired by reason of its new
of events.
bond
issue,
it
is
currence during
generally assumed that
the probable
continuance
struggle will materially depress
no
oc-
of
the
that country's le-
curities.
Consequently th e war is not likely to be a
source of disturbance to the world's money markets
or a strain upon European financial affairs, except it
may be later by a very prolonged war or after peace
some has been attained, and when the finding of ways and
measure bei d the knee to the old idol. Here is an- means to make good the losses caused by the war will
other vital uncertainty, in face of which the trad be the business of both belligerents.
of the situation just described, will
ing in securities could not
fail
wick
for
at or in
the
time to be
restricted.
At the same
time, there
is
without doubt just enough
of fear as to the outcome of the war existing at the
We
do not [mean
these hindrances and
that, with
uncertainties passed, stocks are going back by leaps
and bounds
Coifldence cannot
to the old level.
present,
probably
nor
for a conphase
at
reach that
sideiable time, if ever; it was a most unnatural state
anyvay, aid though the reaction to the low level was
excesiive, recovery, to be healthy, will be slow and
Thera are, however,
Irregular, even with good crops.
home
and
abroad which make
progress
at
changes in
Taking a look to-day into the future of
for stability.
European affairs, the situation has its encouraging
For illustration, at the outbreak of the war
side.
between Eassia and Japan the prospect was truly
For a time it appeared as quite a possible
serious.
contingency that all Europe would be involved. The
imminence of possible complications between nations
mainly grew out of the fact that there were no two of
them between which irritating situations did not exist
out of which trouble could easily spring. But that fear
did not last. The character of such a contest as that
suggested shocked the moral sentiment of leading
nations, and the imagined result was soon rendered
Through the good oflBces of King EdimpoEslble.
ward of Great^Britaln an alliance between that nation
and France was arranged; from the date of its announcement the danger feared has been lessening,
and for some time the period of the prevalence of any
A like beneflcent
such fear has wholly passed.
work is still being prosecuted under the same illustrious
leadership, not
now
a present arrangement but
ment of national
so
much
diffdrences; hence,
tinuing peace in_ Europe.
in the interest of
of a permanent
As
it
making
adjust-
for a con-
seems to
us, the
monetary centres in Europe, and which will continue
to be felt so long as the war is undetermined, to deter
the public from taking new risks and to keep speculaThis situation would seem
tion within narrow limits.
to ensure sensitive but cheap money markets in the
It has been suggested that dear money in
old world.
London was not an unlikely event, as the gold holdicgs
the Bank of Eogland have for some time
of
been running smaller than a year ago. Our gold
exports did not benefit London. P^rls took the entire shipment, besides taking some arrivals of gold at
London from other sources. In face of that fact,
though Great Britain increased its visible gold holdings from £33,382,074 reported by the Bank of England June 9 1904 to £36,339,282 Jane 30, yet even
these latest figures are nearly two millions pounds
sterling less than the bank held at the same date
(June 30) a year ago, when the total of gold holdings
reported was £37,311,188.
This would indicate an
under supply at present to ba guarded, not a flush
supply to be free with.
Another circumstance,
to
have an iLflaence on
though, which cannot fail
la the phenom-
this situation,
enal gold holdings the other side of the channel by the
Bank
of
Over 111 million pounds sterling
France.
(£111,059,377)
is
the total reported by
it
this
week—
more than reported a year ago.
If ttiese two hoards could be united and averaged,
Bat the history of the
there would be no dearth.
gatherings in by the Bank of France of its gold stock
or 64 million dollars
does not encourage any commaniiiy -of -Interest Idea as
applicable to
it.
this ingathering
Experience has shown rather that
a game of " hold fast" however
is
—
'
July
THE CHRONICLE.
2, 1904.]
large the Inflow no permanent outflow nus been oD
This state of the gold holdings of the Bank
seivable.
of France has, however,
lo
Tl
many other
Taking the
items.
total of
Iron
and
steel in all their various forms, it is seen that the value
an important interest with of the exports in May 1904 aggregated $11,159,712,
reference to the future of money in Europe; it tends
to indicate that there is likely to be no eagerness in
the bids for gold by France during the current year at
In other words, the new supply the world's
least.
mines are furnishing will In the main go elsewhere
than to Paris; London we may presume will get the
Ic Is important to haye in mind In conlarger share.
nection with the foregoing that the quantity of gold
the world is producing is not only a big item, but is
against only $8,330,063 In
May
as
1903.
Very naturally new track-laying on steam
railroads
the present year has been on a reduced scale, acd
therefore It Is not surprising to find that the statistics
months ending June 30 show a falling off
compared with previous years. The weather during
the winter months, as is known, was exceptionally
severe, and this alone doubtless would have prevented
If no hitch intervenes in the total from coming up to that for 1903.
likely to incrfase rapidly.
But
the Chinese labor movement to South Africa, the en- there were other and still more potent causes working
larged output of the mines of that country during In the same direction. This is not a time for the
coming months ought to be very considerable. The building of much new railroad or for the floating of
promise at the moment is that in a year from now the large new undertakings. Business conditions at the
total product of the Transvaal section will surpass all moment do not warrant the step, and where that is
Besides, the outlook as to the supply the case, capitalists and moneyed people do not
precedent.
from other sources is encouraging. Altogether, then, encourage ventures of that kind by extending the
It is true there has been a good demand
it seems likely that the money centers of Earope will needful aid.
not suffer from a gold shortage the coming year ; and recently for railroad bonds of the best description. It
if the war closes soon with th e success of Japan, we is also true, however, that it has been by no means
can anticipate a good deal of activity in European easy through 1904 to fioat ordinary railroad bond issues,
for the six
as
while stock Issues have been almost out of the question
except in such special cases as that of the proposed
The country's exports of Iron and steel continue to Southern Pacific preferred shares. As a consequence
develop In a most gratifying way. The statistics for of all this, many projects for new roads and for
security markets.
the
month
of
May have become
available this
week construction work generally are being held in abey-
through the appearance of the detailed report of our ance.
foreign
the
commerce
for that
month and they show
May outward movement was
that
of larger proportions
than that of any previous month since the shipments
Of
first began to attract attention last December.
This Is
steel rails alone the exports were 41,388 tons.
almost as much as the exports for the whole of the five
months immediately preceding, the rail shipments in
April having been 10,460 tons, in March 17,873 tons,
in February 8 465 tons, in January 4,960 tons and in
December 7,522 tons. Exports of 41,388 tons in a
extraordinary
really an
single month constitute
amount, being at the rate, it will be seen, of half a
million tons a year.
of the
we
The
reader will get a better idea
magnitude of half a million tons of
rails
when
say tbat the country's total output of Bessemer
1903 was 2,813,683-tons. In May last year the
exports of steel rails were no more than 295 tons. For
the six months ending with May the exports have been
90,668 tons, which compares with only 3,863 tons
shipped in the correspoEdtng six months of the previrails in
The "Railway Age"
of Chicago reports that during
months of 1904 1,937 miles of new track
were laid in the United States, this comparing with
the
first six
2,221 miles for the
construction
is
first
always
the year than the
first
months
six
much
of
1903.
New
larger the latter half of
half,
and
if
the 1,937 miles
built thus far in 1904 could be accepted as a reliable
guide, the total for the full year
would reach about
Our contemporary, however, well says
5,000 miles.
that conditions do not warrant the definite prediction
that the ratio of other years between the first half and
the second half will be maintained in 1904.
A large
percentage of the track laid thus far in 1904 has been
on lines which were graded last year and on which
track-laying
work
had begun before the
close of 1903.
The
grading einoe Jan. 1 1904 has proceeded
on a much smaller scale than during the first half of
1903.
It is also pointed out by the "Age" that such
systems as the Santa Fe, the Bock Island, the Burlington, the Chicago & North Western, the Chicago
ous fiscal year.
Milwaukee & St. Paul and the Illinois Central, which
In addition to the exports of rails, the shipments of were generous contributors to the new mileage of
steel billets. Ingots and blooms were also large, reach- previous years, are doing practically nothing now
ing for M^y 1904 31,527 tons, as against the trifl 3 of except to complete extensions which were unflnlihed
57 tons shipped in this month last year. The amount on December 31st last.
Is the largest, with one exception, of any month since
The return of the Pennsylvania Railroad for the
the movement began to assume importance. For the
half-year ending with May our exports of billets, In- month of May was made public yesterday afternoon
gots and blooms In 1903 4 were 144,165 tons, this atd we have obtained the figures by telegraph.
A
loss
the
In
shipped
in
gross
earnings
was of course a foregone concontrasting with only 622 tons
Oomblning rails with cluelon, owing to the depression in the Iron and steel
same period of 1902-3.
billets, etc., we get a total for the two of 234,833 tor s Industry, whence so much of the traflfic of the PennOn the lines directly
in the six months of 1903 4, as against no more than sylvania Railroad Is derived.
operated
year.
the
previous
Eist
same
six
months
of
Pittsburgh
Erie a decrease of
tons
In
the
of
and
4,485
simply
151 8 400 Is reported and on the lines West of Pittsburgh
Hills and billets. Ingots and blooms constitute
two of the main divisions In the exports the two and Erie a decrease of $539,100, makins; together
divisions in which the increase is moat pro.iounced. a falling off In gross for the month of $1,067,500.
It Is for tbat reason that we make specific mention of The enoonraglog feature in the statement tnls tlmo is
them. The Improvement now, however, is extending the fact that the company found it poislble to oHjet the
—
of
THE CHRONICLE.
72
fVOL. LXXIX,
and at 1 per cent, averaging about 1^ per
Oa the Eistern linos Mij Is the first m3nth the prea- cent. Banks and trust companies loaned at 1^ per
ent year In which lower expenses have been showu; cent as the minimum. On Monday and on Tuesday
the reduction amounts to $128,800, leaving a loss In loans were at 1^ per cent and at 1 per cent, with the
net of 1389,600. Oa the Western lines the saving bulk of the business at 1^ per cent.
a Wednesday
la expenses was mach more pronounced, the decrease the tone was firmer in consequence of preparations for
telng $310,200, leaving $228,900 falling oil in net. the disbursement of Jaly interest and d vld^nds, and
The result on the combined system, therefore, is transactions were at 1^ per cant aad at 1^ per cent,
that with $1,057,500 loss in gross there is $618,500 with the majority at 1^ per cent. Oa Thursday loans
loss in net.
Nd doubt in subsequent months it will were at 1^ per cent and at 1 per cent, with the
be possible to carry economy in operations s'ill fur- bulk of
the
business
at
per cent.
On
1^
ther.
In the following we show the gross and net Friday transactions were at
1^ per cent and
earnings for the last six years on the lines directly at 1^ per ceit, with the majority at li per cent. Time
operated east of Pittsburgh and Erie—the only loans were a little firmer this week at 2 per cent for^60
portion of the system for which we have the data for and 2i@2i per cent for ninety days, 2^@2} per cent
such a comparison.
for four, 3 for five, and 3i@3^ per cent for six to
eight months, on good mixed S'.ock Exchange collatXINIB BABT OF
1904
1908,
1902.
1901.
1«00.
1889.
PiTTSBtTBflB.
eral.
The demand was chi:fl/ for periods extending
Man.
1
t
t
t
into the new year.
Commercial paper is in good
<}ro8a earnings.... 10,108.138 10,6 :4,538 9,901.938 8,402,038 7.126.567 6,018,867
OPCTS.VB expenges 6,789,974 6,918,774 6,103,474 6,441,474 4,722,070 4,091.170 demand while the supply is by no maans sufficient to
Net earnings.. 8,816,164 3.705,784 3.796,464 2.960,Sei 2,404,497 1,927,697 meet requirements.
E ttes are 3^ per cent for sixty to
eon. 1 to May 31.
ninety day endorsed bills receivable, 3|@4: per cent
'Sress earnings.... 46,918,117 49,327,417 43,823,817 39,988,717 83,628,4-6 27,882.176
Operat'g expenses 35,g02,85f 35.510,859 29.S65,359 26.968,4 69 23,356,431 20.186.051 for prime and 4i@5 per cent for good four to six
loss In gross, In part at leas:, by a saving la ezpaaaea.
Net earnings..
11,116,768 13,816,568 14,258,468 13,000,258 10,272,026
7.226.128
Nom.—These figures Include the Bufialo & Allegheny Valley Division lor 1901, 1902, 1903 and 1904. In May. 1901, the earnings of
this division were, approximately, gross, $631,371; net, $132,067.
from J«Jiaary 1 to May SI the earnings of tliis division in 1901
were approximately $2,942,141 gross and $743,833 net.
per cent
months' single names.
The Bank of E igland's minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
)| per cent.
There was no change in ofl&olal rates of discount by
any of the European banks this week and unofficial or
open market rates were, compared with last week,
easier at London and on the Continent.
The most notable features of the statement of the
'New York Associated Banks last week were new high
xecords for deposits and for total cash reserve. Loans
were expanded $17,123,400, largely because of syndioate borrowing. The cash Increased $4,903,200 and
deposits were augmented $21,301,600.
Tne required
reserve was increased $5,325,400, deducting from
which the gain in cash left $417,203 as the decrease
la
surplus
reserve,
to
$38,452,675.
Calculated
u^con the basis of deposits less those of $23,366,600
public funds, the surplus is $i4,294,325.
The
bank statement of this week should reflect, among
other movements, the payment by the Sab-Treasury
on Thursday
of $1,222,000 to the fiscal agents
in this
The open market
rate at Paris
cent and at Berlin and Frankfort
it is
If per
2|^(^3 per cent.
is
According to our special cable from L )ndon, the Bank
Eogland gained £172,121 bullion during the week
and held £35,339,282 at the close of the week. Our
correspondent further advises us that the gain was
dae to the import o: £309,000, of which £150,000
from Egypt, £35,000 from other countries and
£124,000 bought in the open markot; to exports of
£5,000 to Gibraltar; and to shipments of £132,000 net
to the interior of Great Britain.
of
The foreign exchange market was firm early in the
week in expectation of a good demand for cable transfers for remittance in connection with the L ondon
settlement and also for the purpose of meeting interest payments on July 1 on American securities held
This expectation was, however, not realizjd,
abroad.
and on Tuesday it became evident that cables for remittance had been overbought. Consequently they
fell off sharply, more or less affecting sight exchange,
and the tone grew weak all around. A further
depressing influence was the statement, on apauthority,
that
remittance
parently good
had
already been made of the proceeds of subscriptions to
the recent issue in this coantry of Japanese bonds.
There was no evidence in the market of offerings of
finance bills, and it was regarded as probable that
negotiations of such drafts would be deferred until the
proceeds could be advantageously employed in the
Commercial bills were in light
time-loan market.
rates
therefor
were only slightly affected
supply, and
Government for their reimbursement for drafts drawa upon the Manila
branches; also the payment at the Sub-Treasury of
!$689,913 on S.attle, Wash., Aisay Office checks rep
xesenting Klondike gold deposited at that point, and
the transfer hither from San Fraaciaco of $561,377.
It was announced that the Bank of British North
America had received advices of the deposit at Seattle
of $900,000 gold bullion from the Klondike, and that
the Canadian B^nk of Commerce had been advised of
a like deposit of $446,000; these are the first consignments of gold irom tha^^ source for the season.
The $26,000,000 securities which were deposited at
the Sub Treasury by J. P. Morgan & Cj. for the pur t)y the declice in bankers' draftp. Continental expcse of enabling Mr. Mjrgan, who was then In Paris, change was steady, and francs fiactnated within a very
to qaalify as special disbursing officer of the Treasury narrow range. Gold received at the Custom House
city of the Philippine
when
thg $40,000,000 o£ Pucama Canal money was during the week, $70,669.
pa d on May 9, wera withdrawn from the Sab-TreasNominal quotations for sterling exchange were 4 86
ury on Wednesday and returned to J. P. Morgan & Ca. for sixty day and 4 83 for sight. E vtes for actual
business on Monday were 5 points lower for long,
Moaey on call, representing bankjis' balances, compared with those on Fridiy of last week, at
loaned at the Stock Exchange during the week at 1^ 4 8535^4 8540, but sight was 5 points higher »t
1
.
.
July
THE CHRONICLE.
1904.]
2,
4 8730@4 8736 and cables 10 points at 4 877C@4 &77C;
the market was generally strong with the business
On Taeaday Its oyer bonght cor dlchl( fly In cables'.
tlon was reflected In a light demand and short fell 10
73
"KING'S VISITS" AND INTERNATIONAL
PEACE.
We have grown so accustomed thrsg recent years ta«
8720@4 8726 while cables were weak at a a flatter of Interest and discussion at the Earopecn
capitals whenever the sovereign of one country paid an
declire of 16 points to 4 8755@4 8765; long was ucchanged. On Wednesday the market was heavy all cfficlal visit to the head of a neighbor State that the'
the King of England's visit
around, long falllrg 16 points to 4 8620@4 8630, short anxious controverey over
William
Kiel hardly Impressed the
Emperor
at
to
10 points to 4 8710@4 8716 ard cables 10 points to
the
except
as
a matter of course. The
reader
news
of
4 875C@4 8766. On Thursday the market was steady
tours have usually been made in journalistic
at the decline and without change, except for cables, royal
phrase,
a ''peg to hang" a dissertation on international
which were 10 points lower at 4 8740@4 8745. The
points to 4
relations,
tone was firmer on Fr'day for long and for cables.
The following shows daily posted rates for exchange
and it was only human if the writers occa3ion>
seasoned their articles by mysterious introductory
hints that the conference of rulers was a really more
important matter than the uninitiated might suppose.
ally
by some of the leading drawers.
DAILT FOSTKD BATES FOB FOBEION EXCHAKOB.
The Delphic way in which such suggestions can be
handled
is illustrated by the comment of a well-known
June
''aemi-official"
German newspaper, the "North
and
86
88
86
86
86
60 days 4 8S
Brown
88
88
88
88
88
(SlRht.. 4 88
Brothers
German Gazette," that 'Hhe meeting of sovereigns at
86
86
86
60 days 486
86
86
Baring,
88
88
88
88
88
MagounA Co. j8i»jht.. 4 88
Kiel Is not devoid of political Importance, but still 1«
4
86
86
86
86
86
86
60 dayn
Bank British
488
88
88
88
88
88
No. America..} Sight.
intended by either party to result In any participnot
89
60 dayp 4 83
86
86
86
86
Bank of
88
Sight.. 4 88
88
88
Montreal
88
88
That is to say, King Edward
lar new arrangements."
80
86
86
Canadian Bank 60 daye 4 86
86
86
488
88
88
88
88
of Commerce.. Sight
88
did not bring the draft of a new Anglo German treaty
Heldelbach.lok- 6o days 486
86
86
F6
86
86
488
elheimer i, Co. Sight
88
88
88
88
88
in his pocket, and yet his visit- was something more
(eOdftjs 4 86
86
86
Lazard
86
86
86
Freres
(Sight.. 4 88
88
88
88
88
than the casual call of an uncle on his nephew. No
MerotaantB* Bk. 60 days 4 86
86
86
86
88
86
of Canada
{Sight.. 4 88
88
88
88
88
88
one is likely to dispute this assertion.
The truth is, however, that the royal visit now, like
The market closed on Friday at 4 8630^4 8640 for
everything else in the diplomacy of Earope, excites
long, 4 8710^4 8716 for short and 4 8740^4 8760 for
curiosity because of the singularly
cables.
Oommerclal on banks, 4 86^4 8610 and coijacture and
The feeling
interesting state of European relaticna.
documents for payment, 4 84|^(^4 84 1. Ootton for
perfectly
natural,
among
the
citizens
is
at large as
payment, 4 84 ^^4 84 f ;
ootton for acceptance,
well as among the leader-writers, that changes of
4 86^4 8610, and grain for payment, 4 84|^4 84|.
very great significance in the mutual attitude of
inevitable.
We do not reThe following gives the week's movement of money European Powers are
the Anglo-French treaty
alone
to
fer
which
to and from the interior by the New York banks.
shortly followed King Edward's visit to President
Received bt
Shipped by
Net Interior
Week ending July 1, 1904.
Loubet a coincidence which, very properly, has a
If. T. Banks S. r. Banks.
Movement.
part in discussion of the King's other visits.
Currency.
Gain. $8,161,000
19,828,000
16.164.000
Gold
1,609,000
911.000
Gain.
889.000
The Anglo French convention was a matter of much
Total gold and legal tendera.
$10,987,000
$S,8.<ia.0OO
$7,106,000
Gain.
significance, not only through its removal of causes of
With the Sub- Treasury operations, the resnlt is friction and irritation between the States oonoerned,
but through its indirect intimation, for the first time
as follows:
since 1870, that France might be able to reckon at
Into
Out of
Net Change In
Week ending July 1904.
some future hour on other friends than Eussia at the
Banks.
Banks.
Tiank Holdings.
But the Anglo-French
Banks Interior movement as above $10,P37.000
$7,106,000
Gain. $3,882,000 court of European Powers.
Sub Treasury operations
89.300.000
26.800.000
Gain. 1.500,000
arrangement, though suggestive of an idea more or
$38.9f 5.000
Total gold and legal tenders.
$30,237,000
Gain. $5,338,000
less applicable to all European States, was after all a
The following table indicates the amount of bullion matter chiefly personal to the two Powers concerned;
there is another event of the day whose irifluenoe
In the principal European banks.
is more direct on the mutual relations of
all the
June 30, 1904.
July 2, 1903,
Stateu.
We refer to the military position of Rassla
Bank of
Fri.,
24.
MON..
TlTKS.,
Wkd.. THtm., FBI..
June 27. June 28. Jitne -iO. Juni 3'J. Jvlu 1.
}
(
<
J
i
(
(
j
J
(
—
1
,
I
England...
France.
Silver.
Total.
Gold.
Silvtr.
loal.
£
£
£
£
£
£
111,059,377
;6,H72,000
Spain.
91,330,000
47,1 1«,000
14,71P,000
Italy
22.104,000
....
Aus.-Hnn
+
Netberl'ds
Nut. Belg.*
37,311,188
87,311,188
100,1E6,929
49,837,00(1 33,71H,000
44.e77,C8( 146,184,009
45,816,051 156,375,4212,{'55,00(
8,231. 00('
11.495.000
44,213,000
9P,5'il,00('
78,658,000
8,9-'5,0(0
87,641.000
13,180,0i0
20,72f-.000
59,010,000
35,28w,000
13,015.001
60,' 33,001
80,533,000
35,?4»,000
3,992,000
2fl,09H,000
45,880,000
14,5f0,000
ia,5 12,000
2,2«5,000
20,777,000
5,477,000
6,f:61,0(
12,13=1,600
3,940,600
6,658.200
10,59^800
3.032,i;67
1,516,33:
4,549,00(
2,9^0.667
1,480,88
Tot. week.. 397,048.3
Tot. prev..
35,33P,28
35.339,282
..
Germany'.
Russia
QoU.
4,141,000
Hl?,819,884 4:9,i!68,3:0 331,545.334 109.762,61h 44 4,307,«H7
3eO,17v?.511 11 •\f-9 1.640 47H.0P4,I5: 3.37,.34^P0P 110.9H8.1 1
44H,,S07.ri23
'6
review the story of Baropean dlploduring the past generation without perceiving
It is difficult to
ooa'^y
how macl\
of what was assumed and discussed and
done was based on the notion of an exceedingly formidable Muscovite military Power. The whole recent
history of the Balkan States, and much of the history
of Tuikey, cannot be rerd intelligently except la the
light of
this conception of llassia.
It explains
many
chapters In the diplomacy of Bismarck and Glad* The dlylslOB (between gold aaa silver) glren In oar table of oolu
stone.
It explains the re; diness with which the
»na balllon In the Bank of Germany and the Bank of Belglnm is made
from the best estimate we are able to obtain In neither case Is It French Government induced its bankers and investors
elaimed to be acoorate, as those banks make no distinction in thetr to pour their capital Into the Russian Government's
weekly retnms, merely reporting the total gold andsllver, but ve
hai d?. In return for a pli dge of assistance In case
believe the division we make is a olose approximation.
The theory was
t The Aattro-Hnngarian Bank Statement is now Issued In Kronen and H»of war against overwhelming odds.
oer Instead of Gulden and Krentter. The reduction of the former currency to
reasonable
that the
altogether
and
it
seemed
sterling £ was by considering the Gulden to have the value of 60 cents. At
the Krone has really no greater value than 20 cents, our cable correspondent In mere coupling of Rassla's name with that of France
London, in order to rednt^e Kronen
1, has altered the basis of cocTerslOD by
would forestall any such emergency.
dividing the amount of Kronen br 24 instead of 80,
;
—
—
THE CHRONICLE.
74
Ic
course, be Imuglned thac
will not, of
military prestige
and military
Kaissiti'ti
poaalbilitles will shrink
to nothing because of her Fdkt Eastern rererses.
atlU has a
a large
popnlation,
large
Bat
antocratlo goyernment.
Slie
army and an
equally unreason-
It Is
exposure of the
hoUowness of the Busslan military system should
leave the old legead undisputed. Exactly what such
Impairment of prestige actually Involves cannot be
known until matters have settled down again on retarn of peace. Perhaps it cannot be known until the
effect of a serious reverse on the dominant Governable to suppose
that
year's
this
[Vol. Lixix.
Powers wlih a view
another
unsuited to
novelty If
events were
of
—
to poesiblu alllauctB
conflict.
would
It
be
in ine evtnt
a novoltj
the temper of the period because
— not
it is
a
the diplomatic outcome of this year's
to be an Informal organization of the
Powers with a view
guaranteeing international
to
peace.
WffAT KEEPS STOCKS STRONG.
Not
seems to be felt by some
Exchange hold up so well.
With transactions on such a meagre scale and with
a little surprisa
that prices on the Stock
But the passi- many reports of railroad earnings showin;: decreases,
ble bearing of the new situation on the French Alli- it seems to be thought that stock values ought to
Qaite a number of unfavorable returns of
ance, on the Balkan disputes, and even on the decline.
earnings for the month of May have been received
Turkish position, may easily be pictured.
But this is not the only direction in which the atti this week, the losses in several instances being very
tude of the Powers has changed. Germany, after long large, both in gross and net.
The reason why there has been no resulting
occupying a peculiar position between two allied and
la the first
not over-friendly Stales to the east and the west of break in prices is perfectly plain.
her one consequence of whicli was the recent Anglo place, the losses in earnings are not considered
German diplomatic rapprochement now finds herself indicative of present or future conditions, but
simultaneously relieved of uneasiness on the one side are taken in the main as riflaoting past condiby the dieclosure of Russia's weakness and on the tioni?. la large part these losses follow from the
other confronted by a new perplexity through the adverse weather prevailing through S9 icany months
ment
cabal in Bussia has been tested.
—
—
treaty of
France
with England.
It is
true
this
(the winter having bean
without doubt the
most
severe experienced by the present generatioL), or from
and
and defensive alliance; other extraneous cange?, like the Masters' & Pilots'
but the German diplomatist cannot ignore the three strike on the Great L^kee. In other words, the detreaty was a smoothing
away
as far
of differences
as possible from an offensive
facts that removal of elements of friction
is
a long
creases
may be
ascribed to exceptional happenings
In the second
should
that
during
the greater
be
remembered
not blind to the change in its own position through
whole
1903
S'.ock
part
1902
and
almost
the
of
of
the discovery of its Russian ally's weakness, and that,
and
that
in
steadily
declined
Exchange
prices
for simple reasons of commercial competition, popular
conditions
were
sentiment in England has never been enthusiastic this decline many unfavorable
step towards international friendliness, that France
is
which are not
place
likely to be repeated.
it
The shrinkage in yalues was of
Behind all lies the fact of a discounted.
such
proportions
that it has few if any parallels
new military and commercial power of the first rank
in
whole
course
of S:ock Exchange flue*
the
in the Far East, which must be reckoned with
tuations.
The
effect
was
to adjust values to a much
in future plans, that Power being England's close
over the
German
treaty.
ally.
exaggerate the significance of these
changes on the diplomatic chessboard, but it is easy
It is easy to
underrate them.
From
Europe's point of
yiew the conclusion of most importance, next to the
shattering of the Busslan illusion, is the very plain
Inference that England is no longer the diplomatialso to
lower level of earnings, so that even if losses should
continue a feature of subsequent months, that fact
alone would hardly warrant serious breaks in quotacionr.
A further feature
should not be lost sight
of.
Daring the month of Jane the prospects for the current year's crops, on which so much depends, changed
decidedly for the better. The weather, which prehad been unpropitious, proved about all that
viously
cally isolated Power that she was in 1896, when, with
Hence, according to present apdesired.
be
could
an unsettled contioversy with America on her hands,
Should
is for abundant crops.
the
outlook
with an angry dispute with F.ance over Afrlcau pearances,
boundaries impendiog, with Russia reaching towards this promise be realized, the railroads will have
the frontiers of ladia, and with Germany's attitude little to fear, even were our industries to remain
almost menacing, she sent to sea her flying squadron in a state of quietude until after the Presidential
In battle equipment as a notice that, whatever might election.
The most important circumstance of all, however,
happen, she was not unprepared.
The new po&ition of Great Britain its relatione lu its beaiiog upon the strength of the stock market,
with this country completely cordial, its differences has yet to be mentioned. Daring the whole of the
with Fiance adjusted, and its rival power on the period of rising earnings, which, as will be recalled,
Eiistern frontier crippled in the struggle with Jjpan ex ended through several years, all our leading railroad properties were managed with a view to the conis clearly an omen of international peace, because
peace is the end towaids which E jgland neceasarily lingency of a possible falling off ultimately in the
moves and to attain which her authority among Income of the roads. By this we mean that large
the Powers will necessarily be exerted. Bat this, in amounts of surplus earnings were used from year to
our judgment, is precisely why the friendly advances of year for the betterment and improvement of the propthe King of England towards each of the continental erties so as to prepare them for a period of possible
Moreover, Irom the first it has been recogIts significance ttdvtrdity.
rulers in succession Is important.
nized that these large appropriations could be materlies lees in what the royal visits of themselves will
curtailed or entirely cut off when tratfic and
ially
accomplish than in the spirit of which they are the
We
conditions should become unfavcribie.
venue
le
expression.
Hardly a single first-rate war of the past
but
eatu
heretofore,
we
this
f
-e
to
referred
two centuries has ended without a re-al'gnment of tLe have often
—
—
—
July
doubt
If
THE CHRONICLE.
2, 1904.]
maD; p»reooB have a proper appreciation
of
the length to which the policy was carried or of the
reserye strength it has given oar railroads, enabling
them to face bad times with (qaaniMilty should snob,
unfortunately, be in store for tbem.
In an article in cur issue of
Mty
2l8t
that during the last five calerdar years the
we showed
Lake Shore
The Doiaware LAckawanoa & Western in the calendar year 1903 made an appropriation out of income
of $4,319,166
bridges,
new
for
new
cars,
new
locomotives,
new
shops, etc., etc.
Besides this specific
appropriation, $ 1,478, 1C6 was spent for betterments
ind additions of an extraordinary character, and directly included in the expense accounts.
For the
& Michigan Southern Railway
Co. applied no leas three caleidar years 1901, 1902, 1903 the specific apincome to the purchase of new propriations of the Lackawanna for the physical imr ovement and reconstruction of the property aggreequipment, the construction of new side-tracks a,vd
other work of a similar character, and even then bad gated almost ten million dollars thfs being entirely
a surplus remaining after such appropriations and the independent of the betterments and additions of an
payment of dividends in the sum of 112,516 764 unusual character included in expenses, which for the
thrne years footed up $4,339,796 more.
which surplna was applied in much the same way
M»ny other illustrations of the same kind might be
making a total of income put back into the property
furuished where either large specific appropriations
for the five years of almost 33 million dollars
132,
It will no doubt be asserted that the were made for the purpose mentioned or
what I&
955,099.
Lake Shore furnishes an extreme case, and so i^ practlcslty the same thing surplus earnings were ap>
As was stated by us last week, the
does, the Lake Shore having been distinguished plied in that way.
for this policy long before other leading com- Suu hern Pacific Co. has, through its entire existence],
panies undertook or found it possible to follow used surplus earnings for the benefit of the property^,
It la nevertheless true that during no dividends on Southern Pacific shares having ever
in its footsteps.
The company's surplus income in 1902-5
all the more recent years practically every leading been paid.
railrosd in the country has in like manner applied alone amcunted to $8,964,431, and thfs followed $10,large amounts of earnings towards improvements. 641,471 surplus in the previous fiscal year, making for
The most favorably situated among them, indeed, have be two years over 19^ million dollars. The Unioni
carried the policy during this time almost as far as Paolflo in 1902 3 had a surplus above dividends in the
the Lake Shore has done. The P<}nn8ylvania Rill- amount of, roughly, seven million dollars ($8,943,474),
road of courae belongs in a class by itself, just as thu fvhich directly or ii directly went towards the physical
Lake Shore doen. Still it is important to note that and financial Improvement of the property.
on the Pennsylvania lit ea ("tirectly operated east of
Even such a small road as the Norfolk & Wt stern
Pittsburgh and Erie alone $12,713,576 of income was set aside two and a-half million dollars out of earnings
applied in the calendar year 1903 for extraordinary in 1902 3 for betterments, and this was an exact
expenditures and for sicking funds, and that this duplication of the action the year before, when
followed a similar appropriation in the calendar year a similar sum was taken from income and applied in
1902 of 114,608,263 and a like appropriation in 1901 that way. In the two years immediately preceding^
of 111,336,658.
bhat company's appropriations of this kind were not
Pass now to a consideration of some other roads. quite so large, and yet amounted to $1,500,000 each
The Illinois Central in the fiscal year 1902 3 charged year. Prom the organlzaiioa of the company in 1896
against income for betterments the sum of $4,881,253, to June 30 1903 $8,314,485 of income altogether
and in 1901-2 burdened Income with a similar charge was specifically appropriated for improvement work.
of $4,340,172; for the six years ending with 1902-3
These instances might be multiplied almost indefithis company provided from earnings in that w*y no nitely, but we think enough facts and figures have
less than $r;,233,539. The Chicago & North Westeru been cited to show that the policy refernd to has
Ry. in 1902 3 appropriated $6,013,417 for betterments been a pretty general one. In truth, it might be
and new construction out of earnings. That com affirmed that it had become common to the whole
pane's contributions of this character have been ex- railroad system. Nor can any one fall to see the sigceediDgly large for many years, the $5,013,417 for nificance and importance attaching to these large ap1902 3 following an appropriation of $4,697,055 it propriations, made year after year to strengthen and
1901-2, of $4,169,526 in 1900-01 and of $4,542,041 in improve the roada.
Through such appropriations
189900. Altogether during the four years no loas practically all the better classes of properties have
than $18,422,040 was directly applied out of income, been s'rongly fortified against a period of adversity.
for work of this character.
M.ireover, as we showei Physically the properties have been placed in such
in reviewing the company's last report, the surplus splendid shape that it will be easy to forego similar
remaining each year above these special approprla
appropriations in future years should earnings fall off.
tions and the dividends p&id may be said ta have been To say this is tantamount to declaring that the marapplied in much the same way, that i?, in adding to gin existing for making such appropriations must first
the security and strength of the system.
During the be wiped out before the continuance of dividends will
five years ending with 1902-3 such surplus aggregated
become endangered.
than 120,438,335 of
>
—
—
—
—
t
$8,849,944.
Besides
all
this,
during the same
five
years the net receipts from land grants and town lota
were $2,722,187.
Adding these three items together,
NATIONAL INCORPORATION AS A
PANACEA.
The
viz: (1) the construction
charges of $18,422,040; (2)
the $8,849,944 of surplus income and (3) tue $2,722,187 of land receipts, we get a grand total of $29, 994,
the Federal GDvernment to corporations has recently received especial attention in
171
(roughly, thirty million dollars), which in one
form or another went into the ChicAgo & North Wesc
decision in the Northern Securities case,
em
a Ftideral condemoation of a corporation lawful at all
points in the State of its origin has seemed to presage
property out of income during the five years, to
strengthen its physical and financial condition.
relation of
various quarters.
much
Among
for the future;
the
many
effects of
its
the
aspect as
and Washington correspondence
THE CHRONICLE.
7G
In the pnbllc prees Indicates that high Federal authority
Is
considering what
nses
may be made
of
the
At this
logical resnlts of this part of that decision.
juncture we have received for review an interesting
(Vol. Lxxix.
gants in great railway cases to choose the United
States courts as the usual for am for litigation of their
affairs.
inquires.
The D apartment of Commerce overlooks and
What is more natural aa a next step than
pamphlet advocating a national incorporation law and a general Federal incorporation law for railroads and
containing a draft bill to that end. The particular all carriers ? Such a law, we hear, should prohibit
production Indicates to our mind the student rather all restraints of trade, but only provided they be unthan the man familiar with the practical working of reasonable in the eye of a United States Court. State
corporations. But the author's scheme is none the control must bend before the Federal necessity that
less interesting because of the imperfections of which trade be restrained if it be within Federal reason and
we shall speak in a moment; the plan which he unrestrained if Federal reason gives preference to
elaborates does not depend upon them, and his de- that.
Great and perilous as such a step would seem to a
tailed draft seems to show all sides of the question as
rather
student of present history, it is not enough
reasonable
current
which
compared with the
dlacnsslon,
eludes definite criticism.
to accomplish the end soaght, for its advocates see
The general plan, common to our author and to that since the power which they would grasp is over
schemes current in the press, is as simple as it is commerce itself they must regulate those who en-
—
—
gage in commerce as well as the railroads, who only
Government should authorize and enconras;e national serve it. We take the plan of our author as an illuscorporations or substantial Federal control of corporate tration, because we can at least say that we have not
"It
activity, and then forbid and destroy every form of invented its extraordinary scope and purpose.
commerce or industry which can be caught within the seems certain,'' says the author, "that the power of
drag-net of any Federal power except it be exercised the National Government is ample to enable It
far-reaching.
The
proposal
is
that
the
National
by such corporation or under such control.
The
success of this scheme would vest in the Federal
Government all power over every form of enterprise
where more than a few men are associated; that is to
say over every concern of appreciable size, whether
really Important or no; over all commerce. State and
Inter-State; over mines and farms and factories over
every form of modern industry.
Such exercise of the Federal power is indeed seriously proposed.
On the one hand we hear from
Washington the astonishing suggestion that no State
has to day any power to grant a corporate charter for
the purpose of engaging in inter-State commerce; on
the other hand, the author of the most illustrative
draft law just mentioned has fashioned the meshes of
his drag-net with such zeal that if a fishing club of
more than seven members should import groceries
from onslde its own State without a charter under his
law, or if after such & charter had been obtained anyone whatsoever should "exert any positive influence"
oyer their trade, for any purpose, crimes would be
committed and drastic penalties result.
The conceptions which it is sought to develop until
—
to create whatever corporations
State
is
commerce
it
this sufficient ?"
to accomplish
thing that
is
is
to engage in
inter-
may deem wise to establish. But
Nol The thing which he desires
something far beyond that. "The
really feared," says he, "is the
unregu-
lated big thing — the
thing that has, because of its
size, extent of operation and interest, the power to do
"The combinations of
harm if not harnessed."
which complaint is made are not only engaged in
mining or making
There
is commerce."
in this frank
is something cynical to our minds
admission, and it prepares one for the realization
that the advocates of this scheme must go the
whole length as this author cheerfully proceeds to
His draft prohibits the "control" of commerce
do.
by any State or individual, defines "control" as to
"exert a positive influence" and "commerce" as
including not only the transportation of goods, but
also wireless telegraphy and even the purchase or sale
commerce but in growing,
things, and neither of these
—
uniformity of organization, control and responsibility which it secures throughout the country,
and most lawyers remember enough to be able to tell
is in another
he cheerfully accepts and applies
to his own scheme the criticism of Mr. Frederic J.
Stlnson, the well known authority on jurisprudence
and corporation law, that "States rights would be
riddled and ninety per cent of the business of the
people would be taken from the control of their own
States and courts."
By such easy steps as these the theorist, the draftsman and perhaps the Federal official who enjoys the
exercise of power are led to advocate such a subversion
of the checks and balances of the Government of these
United States. And what should be the answers to
their proposals ? The first is that the thing cannot
accomplish any consld arable good in Itself but simply
transfers from State to Federal authority the duty of
us without research that the success of this banking
system is largely due to the destruction of State
ask,
they will serve these ends are not unfamiliar ones.
Congress has the power and right to create corporations.
This is incidental to the powers given to it.
It
may
the
create a
fiscal
bank
for the purpose of
carrying on
operations of the United States; a railroad
corporation for the purpose of promoting commerce
or a bridge corporation for the carriage of the mails.
The
exercise of such
power with regard to banking
corporations has been familiar to us
that no objection to
it Is
now
heard.
all
for so long
We know
and
like the
banks of issue by a deliberate use of the power to tax
ak a power to destroy, and that that use was sustained
by the Supreme Court.
Some railroad charters have already been granted
by the Federal Government. The increasing complexity of railroad affairs and the necessity for applying In different States and jurisdictions reasonably
similar rules of judicial action have already led liti-
of goods,
State.
if
And
their
future destination
finally
requiring corporations to be good.
What
reason,
we
there for believing that the Federal Senate
more prompt than the New Jersey Legislabe
would
is
some new and needed check
upon corporate power ? Or that Congress would
York or Masbe better fitted than the New
ture
to
sachusetts
adopt
Legislature
to
serve
the
legitimate
development of corporate indastryj? The second
and final answer is that the end does not j astif y the
means. It Is not worth while to abuse and pervert the
July
2,
THE CHRONICLE.
1904.]
77
Federal Constitution merely In order to regulate all further Improvement.
In reviewing the report for
enterprise from Washington.
There may be approved 1902-3 In our Issue of
Ootober 10 last, we
precedent! which declare that the power to regulate concluded with
the following
remarks, sugges1b the power to prohibit; that the power to tax Is the
.
tlve
of the coming dividend:
"With its finances
power to destroy; and which permits draftsmen to plan on a new and
Improved basis, Its traffic becomthe building of card houses which look logical enough ing steadily
more diversified, and with Increasing
before they are built, and to dream that In that way economy
and efficiency being attained in the operatthey can reconstruct enterprise and re-settle the bal- ing results,
the future of the Lehigh Valley would
ances of power In our land. But such precedents have appear to
wear a brighter aspect than for a long time
their limitations.
They do not prove that there is no past." The results for that year
had shown a surplus
point beyond which courts will not go.
The courts above charges on the operations of the Lehigh Valley
must credit a legislative draftsman with every good In- Railroad and the
Lahigh Valley Coal Co. combined la
tention and assume that he Is faithful to the governthe sum of 12,007,507, equal to 5 per cent on the
ment In which he has been chosen to take a share of $40,000,000 of
outstanding stock. This, too, was
power and responsibility. But at one time or another after allowing
$1,266,182 for additions on the Railroad
the courts must and will take a stand. They will say: Company and
after a charge to Income for Improve"This Is not regulation of commerce. This Is not the ments and
additions to collieries of $353,466 on the
exercise of any Federal power.
Your statute alleges Lehigh Valley Coal Co.
these things, but It does not contain their substance."
For 1903-4, as already intimated, the Improvement
It would be Idle to pretend In a court that the
draft on top of these good results for 1902-3 has been
of
bill contained In the pamphlet of which we
write Is really noteworthy proportions.
Of course data for the
an honest or permissible exercise of a lawful power. full twelve months
are not yet available, but the comThe very article which introduces and advocates It pany's statement for May
and the eleven months endadmits the pretense, the falsehood and the evasion, Ing with May
has appeared the present week. There
and justifies
the
means
only
by the end. are two striking features in the return: first the
We speak strongly, because we are speaking gain In gross earnings and secondly the absence large
of any
of
schemes
and
not of legislation. Moreover Increase in expenses, notwithstanding
the larger
the country
Is
saved
from
such
legislation amount of business done.
Expenses were actually
by other safeguards than the Supreme Court. Such $299,919 smaller than
In the corresponding eleven
action by Congress Is Inconceivable. Those entrusted months of the
previous fiscal year, while gross earnings
with the power of legislating for the nation have a were increased no
less than $3,132,756 (over 13 per
duty as high and Imperious as their function is Inde- cent), giving a gain
in net in the large sum of
pendent and vital to the nation. They owe fidelity to $3,482,675.
the whole of the Constitution and the addition to the
This saving refieots increased economy and efFederal power which would result from the success of ficiency In
operating, and is the fruit of the enormous
such a scheme as we have outlined would be so appar- amounts spent
In the Improvement of the property in
ent and so subversive of all balances and constltutloEal recent
years.
After allowing for a contribution out
security that we cannot believe that a movement in of earnings
for additions and Improvements during
its
favor will ever attain legislative success or that
the eleven months amounting to $1,134,333, there
Is
such a proposal would ever reach the courts for judic- left a surplus
above charges on the operations of the
ial determination.
National control of corporations eleven months of $4,703,793, this comparing
with a
must take its place in the limbo reserved for legisla- surplus of only
$1,209,460 for the corresponding
tive panaceas.
eleven months of 1902-3 after an appropriation for
additions and Improvements amounting to $1,114,-
LEEIGH VALLEY'S RESUMPTION OF
000.
Considering that at the same time provision has
been made for the future capital needs of the comThe return of the Lehigh Valley Kallroad stock to pany through the creation of the
general refunding
the ranks of the dividend-payers marks an important mortgage for
$150,000,000, it Is evident that dlvlevent In the railroad world. The directors of the dens could not
much longer have been delayed. Of
company have this week declared 1 per cent upon the the $150,000,000 bonds,
$94,204,000 will go to retire
•40,000,000 common stock of the company, after pro- existing obligations and
$10,000,000 can be Issued, as
viding for the 10 per cent upon the small amount required from
time to time, to cover advances made
($106^300) of preferred stock outstanding.
As to and to be made in payment of car trusts, etc.. In
whether it ig intended that the 1 per cent now de- such amounts as the
directors may authorize.
Anclared shall be considered a quarterly payment or a other Important
provision of this mortgage Is that
semi-annual payment we are not Informed. The rate after January
1 1905 $2,000,000 of bonds annually (to
of payment can in any event be only a question of be a part
of the $150,000,000) may be issued for expolicy, having reference to the best Interests of the
penditures strictly chargeable to capital account; the
shareholders themselves. It Is plain that earnings amount can
be Increased beyond the $2,000,000 a
are sufficient after all allowances to permit the plac- year,
but only by special authorization of the stocking of the shares on a 4-per-cent basis and even holders.
DIVIDENDS.
higher.
That a dividend distribution was among the early
probabilities has been evident for some time.
The
company made an excellent showing In Its annual
report for the year ending June 30 1903, while for
the fiscal year which ended on Thursday of this week
current monthly returns have indicated very striking
thus be seen that the company was well fixed
for the resumption of dividends.
Another development may be recalled here with advantage. As a preliminary to the scheme for adjusting the
company's finances through the creation of the $160,It will
In every
way
000,000 refunding mortgage, a careful examination
was made by the officers of the|oompany, supple-
THE CHRONICLE.
78
menied by an iadependent cjmmUtte,
the
last
as
thracite coal properties and of
its
eqaipment.
reaalt of this inyostigation was rather unlqae,
attended
down
out
set
lu
the value of the company's an-
report, Into
it
The
being
by a marking up rather than a marking
of valaatioDB, reflecting the
enormous amounts
[Vol. Lxxix.
uveu coQt»la a balance ahe»^t, tnoagh tnis dufecc had
been remedied before the Morgan interests succeeded
to control.
Old-fashioned methods also prevailed in the operating department, while the physical condition of the
property was far behind the standard of other import-
epent upon Improyementsoutof the company's income ant railroad systems. This latter was a very seriIn recent years. la the case of the anthracite coal ous drawback, which had to be overcome before the
properties an addition of $3,500,000 was made and in company could expect to conduct its transportation
the case of the book value of the equipment there was business with due economy and so as to get a reasonable profit out of the work.
There have been succesa like addition of 13,600,000.
The dividend now to be paid will be the first to be eive changes in the executive heads of the company
received by the stockholders since 1893. Prior to this since 1893, but all the different managements worked
auspension in 1893, the Lehigh Valley had been to the one end of raising the physical standard of the
looked upon as one of the sCaunchest dividend-payiog property and of making possible the movement of
It had had a continuous
dividend record extending back over thirty-five years
The suspension, it will be recalled, cast a feeling of
gloom over fioancial circles. In the interval since
1893 the Lehigh Valley has been through trying
times. The immediate cause of the supension of
dividends had been the additional burdens imposed
^pon the company by the extension of the lines of
The line to Buffalo was opmed in
the system.
the
1892 and
company also made a nnmber of other
acquisitions in central New York, »uch as the Elmira
Cortlandt & Northern, the Middlesex Valley, etc.
The purpose of these extensions and acquisitions was
to strengthen the company's position and diversify its
This purpose has now been attained, but as
traffic.
pointed out by us on a previous occasion the im
The
mediate effect was rather disappointing.
heavier charges incurred in the various outlays,
began to accrue at once, while the development
of the new sources of traffic (particularly at a
time of depression in the business world) was neces-
railroads in the country.
sarily slow.
Furthermore, in the acquisition and building of the
additional roads the
company had acquired
a
fl
>atiBg
debt which was becoming very troublesome. In 1897
P. Morgan &
Co. came to its relief and
helped the company out of its difficulties for the time
being. In March of that year the firm took $5,000,000
of an issue of $8,000,000 of 5 per cent bonds and
thereby cleared up the company's floating debt. The
firm also acquired the voting power tor a large block
of stock htld by the Asa Packer estate.
In subsequently (in Jane 1899) purchased about 75,000 shares
of this stock, being one-half the holdings of the
Packer estate, and in January 1901 bought the re
maining half, these holdings, together with other ac
J.
quisitions, placing the firm in practical control.
P
rt
business at a lower minimum of cost.
The task was
not an easy one, since no means existed for raising
money on
capital account, and the improvement
had to be made entirely out of earnings.
At length, as we see, the work has been accomplished,
and at the same time the company's finances have
been sufficiently improved to enable it to create a new
obligation to provide for its future needs an obligation which there will be no difficulty in disposing of
therefore
—
at satisfactory prices.
One mistaken impression it is desirable to correct,
la the general discussions relating to the resumption
seems to be quite commonly assumed
must be ascribed to the improved condition of the coal trade. OE course, if
there were a miners' strike, such as the Lehigh Valley
even more than the other anthracite carriers has encountered many times in its history, a dividend now
on the stock would be out of the question. But after
all, this is only one element in the problem.
The
company, through the large expenditures made out
of earnings, has been placed in position where it can
handle and move traffic more cheaply than at any previous time. Furthermore, its traffic has been diversified and extended, so that It is no longer dependent
upon the anthracite tonnage to the same extent as in
of dividends,
it
that the resumption
the past.
The
company's traffic has been
for a good many years and
this constimtes one of the most encouraging features
in its progress and development.
No details are yet
available for the fiscal year 1903-4, but comparing
1902 3 with 1896 6, it is found that the revenue from
the coal traffic Increased from $7,382 480 to $10,104,from general freight from $7,128,909 to
764, that
$11,609 706, passanger earnings from $2,478,796 to
diversification of the
steadily
progressing
$3 191,638 and
all
the other classes of
of these holdings was subsequently turned over to the
gree.
Vanderbilt and other interests, the Lake Shore &
Michigan Southern in 1901 having purchased $3,200,-
43*22 per cent in 1894-5,
000 of the stock.
merchandise
traffic in like de-
Earnings from coal freight formed only 37'91
per cent of total gross earningi] in 1902-3, as against
while the earnings from
constituted 43*56 per cent of the
earnings, as against but 36*34 per cent.
The signifitraffic
The advent of the Morgan people to control in 1897
was followed by a oomplete change in the oompany'a cance of this comparison is further enhanced when it
methods and policy. The bookkeeping was altered, Is borne in mind that the coal traffic includes both bithe system of accounts reconstructed and revised, and tuminous and anthracite coal and that the tonnage in
the value of property re appraised. All this was done
he former has been very greatly developed in recent
with a view of showing the true situation of the con years.
I
Monthly returns of earnirga also became a
feature of the company's policy with the beginning of
cern.
When
the statistics for 1903-4
baoome
available, it
no doubt be found that further progress has been
in the diversification of the traffic and that the
ending on November 30. The Lehigh Valley, previous company's splendid earnings have followed not merely
to its financial embarrassment, had been very lax in the from an improvement in the anthracite tonnage, but
matter of furnishing information. There was a time, from development in ail classes of freight and in all
indeed, when the company's annual reports did not classes of bnsines?.
the
fiscal
year 1896-7, this
fiscal
year at that time
will
made
1
July
THE CHRONICLE.
2, 1904.]
LISTUOS ON THE NEW YORE ST OCR
EXCHANGE DURING THE FIRST
HALF OF 190
J,.
Oar compilation of tiie securities Hated oa the New
Stooic Exchange during the first half of the
Oom,pany and
title of loan—
Amount.
Purpose of issue.
Ohio prior Hen S^ai.. $1,000,000.. Toipts. & betterments.
Buffalo 4c Sasq. 1st ref. 4b of 1951. 1,000,000.. Impts. by ooal comp's.
do
do
do
8.000.. Exchange for old 5s.
160,000.. Improvements.
Crnt.of Ga.—Ohat.Dlv pur. mon.4s
7,767,000.. Pay Botes to Govt,
Central Paclflo guar. 48
2,000,000.. Extensions & Impts.
Chesapeake & Ohio gen. 4^s
Baltimore
Yorlc
current calendar year dlscloaes several striking facts
Illustrative of the financial conditions prevaiUrg lit
These facts are (1) the almost complete
this period.
cessation of
new stock
companies oontrlb.
issuee; five
ute by far the greater p»rt of the small total recorded,
while new Industrial shares are completely lacking; {%)
the inslgnificanSi amount of rafundlng and the total
absence of reorganizations; (3) the confiaement of new
bond
79
Chic.
&
« K. lU. gen. oon. &
Chlo. Ind.
Chlo. R. I
& LonlsTille
&
1.303.000
Ist 58...
ref.
5s
P. Ri/- gen. 48
ChlcBLA P Railroad ool.tr.58. 'IS
Chic. St. P. Minn. <fe Cm. oon. 6s...
Chlo. Term. Tr. 1st 48 of 1947
Cln. Find. &Ft. Wayne let gu. 4s.
Cln. Ind. & West. 1st A ref. gu. 4s.
St. L. gei. 48
Clev. Cln. Gh.
&
do
do
do
Erie RR. Ist oon. prior lien 48
Nor.— N.P-C.B.&Q
Gt.
joint 48...
{ ^^^Se ^/icf* e^alp!
300,000.. Impts. and eqnlpmt'B*
1,000 ,000.. Improvements.
107,000.. Acq St.L &8.F.com.8tk
41,000. .Kxoh. for old bonds.
1,100,000. -Improvements.
1,000,000. .Const'n of road &equlp.
3,200,000.. Refunding old bonds.
1.000.000. .Impts. and equlpm't.
92,000.. Retire UBderly'g bonds
1,000,000.. Impts. an4 equipm't
9,OOO..Exoh. for 0.B.& Q. stk771,000.. Impts. and equipm't.
funding of floating debt Hooking Valley letcon. 4'«s
229.000{R?«^-Ofl,H.V.&T.car
or to actual requirements for improvements or for
do
do
extensions previously undertaken; (4) the relatively lnt.^& Great Nor. is^t oon. 68.......
and ao1*1;^ j Con.tr.ctlon
^nlsltlons.
good market for bonds, as indicated by the 940,000,000
28ft,60o5
do
3d 4s
do
funding loan of the Lake Shore & Ulchigan Southero, Kan. City Ft. S. & M. guar. ref. 4b. 170,000.. Impts. and extensionB176,000.. Ref UHding old bondB.
do
do
do
and also by the gen«rous total of the ''new capital"
Lake Sh. & Mloh. 8o.25-yr. deb. 48.40,000,000 \ ^^^rfeTfo°r^acq*u^l'n8.°"
Issues, a total, however, which is somewhat m^sleadlDg
Long island gaar. ref. <n
10.000.000
{^^^-^^--^l^j,XU't:"'
because so large a preponderance over three-fourths
Louisiana & Ark. ist Ss of 1927... 1,324,000.. Exten'8,imptB.<& equip,
was afforded by nine corporations, the city oJ
of it
do
do
... 1.^00.000l^f^^l^-^,%^ona^^--^
do
New York and the United States Government (Philip
pine loan); (0) the replacement of voting trust certlfi LoulP. & Nash. 520 col.tr.48 of '23 7,870,000 { ''lT^^:'^\''^^rSl%A
do .12,630,0ro.. Retire old bonds,
do
do
oates by share certificates carrying fall votirg power.
do
2,600,000.. Pot. Atl. Knox. & Nor.
do
do
issues practioally to the
.
—
—
.
Our usual compilation
SIX HOHTHS' LISTINOB
Bond*.
(6
months
TtiiiCBfornew
capital,
)
etc.
$193,144,500
115,577,150
157,161,313
161,6.8,6<0
65.831,000
1904J
1903
1902
1901
1900
1899
1898
1897
1896
1895
6H,9H,240
28.657,000
20,707,502
125.243,000
133,779,000
for ten years past follows.
ON KEW YORK aTOCK EXOHAVOE.
Replacing
Old issues
now
listed.
Total.
old securities.
Stocks.
$80,336,900
86.258,840
128.098,700
1903
1902
1901
1900
1899
1898
1897
1896
1895
a96,8:^o,o^o
$33,7»i",eo6
11,462,800
16,800,000
K
**"
T. of
l.g.
5s
80. Pao. 2-5-yr. col. trust 4»t8
9»,092.970
Southern Railway let oon, Ss
Tex. & Pao. 1st 6s of 2000
do
Lou.Div.br. lines IstSs
&
Del. Ist ref. 60-yr. 4s
do
do
do
listings for the half year, it will be noted,
do
do
Ist oon. 40-yr. 5s....
aggregate only about $41,500,000 (of which $11,000,do
do
000 ''old issues") contrasting with $291,000,000 in the Wabash Ist Hen 60-yr. term. 48...
Weath. Mln. Wells & No.lst gn.Ss.
same period of 1903 and no less than $1,273,0'^0,000
["steel" shares inolnd.d]
The
total
bonds
listed
for the
amount
first
half of
to $^34,000,000, being
from $88,000,000 to $162,000,000
less
thaa the aggre-
gates of the corresponding half of each of
years next preceding.
"new
1901.
The bond
the tnree
issues representing
capital" stand out cousplcuously with the total
of 193 millions, as against 161^
millions in 1901, tne
previous record for the decade. As stated above,
however, the Importance of the aggregate of "new
capital" issues
is
much diminished by
the fact that
eleven corporttlons and
others contributed more
160
millions.
In
the following table we
show the various purposes for which the sever 1 issues
of bonds, railroiids, street railways and mlsoellaneous
were mnae.
than
LISTINOS OF BAILROAD BONDS.
Company and title of loan—
Amount.
Purpose •/ issue.
Atob. Top.
do
<&
Banta Fe gen. 4b...
do
do
tl. Ooaat Line RB. Ist oon.
4s.
Iiiipro'vements,
retire
equipm'nt bond8.,etc
^
70,000.. Retire old bonds.
Knn nnn 5 Retire St. John's River
so oQn aaaS
!t.a,»d0.ooo
1
.
1,900,000
J
Dlv. bonds.
^5s
of *9^^r
Total
Extension of road.
.!f.r.®.^.*!.!f:*.*^.°!?.*: ]
641,000. .Acquire Ark. Cen. stk.
904,000. .Ezcb. for T & P.2d inc.
406,000. .Acq Ark.Bouthw.seo's.
527,000.. Extension of road.
2,e82,O00..Exten,ion of road.
4*s..^°"..^.'.?.'.3."! \
Nash. Chat. & 8t. L. 1st oon. 58....
do
....
do
do
N. Y. Ont. & West. lOO yr. ref. 4s..
Morf. &So. 1st 5b of 1941
Norf. * West. Istcon. 4sof 1996.
Reading Co. gen. 48 of 1997
Rio Grande Jot. Ist 50.yr. ga.5s..
Bio Gr. W. mort. A col. tr.50-yr.48.
Bt. L. & San F. ref. 4e of 1961
5-yr.4i«p.c g.notes
do
Ulster
}
598,000)
2»2.45;^,385
3 5, 135,200
Note. — ApplloatlonB for the llstlnt; of Trast Company reoolpts and of
eourltles marked "aesented" (If preparatory to reorganization), or of
Beourltles stamped "assumed" or "assessment paid'— the •ecuritles
themBelves havingpreviously been listed— are not included in this table.
The stock
&
6.780,870
252,449,?>30
8,072,800
K.
281,930.38'-
118.710.150
152.790.3(
8,948.305
1 6,060,000
-M.
Texas guar. Be of 1942
Mo. P.— St.L. I. M &8. ry. &
unified and ref. 48
do
do
do
do
do
do
do
228,785,200
349,560,500
9.^9,957,62".
206.609.000
28,168,800
10,522,997
56,176,900
^J^'^e^eaL.^^^o'
Michigan Cent. 1st S^ss of 1952... 1,000.000.. Improvements.
Minn. St. P. &B.S. Me. Ist oon 48. 4,866.0O0..Constrnctlonof road.
Mo. Kan. & Tex. Ist ext 60-yr. Ss.
386,000
$41,527,300
2»0,9»7.435
315,853,890
1278 587 675
325.320,150
405.239.2S0
253.728.505
38^,801.HOO
$11,190,400
16^,906,995
176,297,890
'""
unlf. 60.yr. 48 .... 2.045.000 {
do
$40,712,000 f288.856,fiOO
$12,798,000 198,790.650 322.165.»<00
400.000 197,716,387 355.377,700
7.584,100 226.978.400 396,191,000
2,387.000 225,527,000 29^,745,000
18.108.000 182,485,500 267,504,740
16,571,000 342,477,600 387.705.500
11,116,500 186,111,500 217,935. .^00
7,389.000 227,723,.^0O 360,355,.500
14,529,000
50,849,900 199,157,900
(6 months.)
1904'
do
54,000.. Retire old bonds.
100.000.. Extension of branches.
l.OOO.OOO.. Improvements.
226,000. .Impts. and [extensions
1,000,000.. Impts. and extensions.
206,000.. Improvements.
150,000.. Improvements.
500,000.. Construction & impts.
1,872,000. . Acq. secs.ofoont'doos.
5.992,000 .Extension 223m., etc.
15,000.000.. Impts., equip't, etc.
2,000,000.. Impts., equip't, etc.
114,000.. Retire East. Div.bonds.
893,000
\
^^eTo bTanMnl?!
f
200.000. .Improvemecti.
500.000.. Retire 2d mort.
145,000.. Improvements.
Ss.
8,000. .Retire ineome bonds.
1,416,000.. Acq. St. Louis prop'y.
500,000. .Retire old 68.
2,162.000..Puroha8e of equipm't.
$160,057,500
USXINQS OF BTBKHT BAILWAT BONDB.
Purpose of issue.
Oompany and title of loan—
Amount.
( Acquire stock and oer*
Brooklyn Rapid Tr. ref. oonv. 4b. .$6,000,000 < tlilo*tes of indebted*
i nessoIoontroll'dooBMet. St. Ry. of N.Y. ref. lOO-yr. 4b 2,354.000. .ReJ'nd'g bde. of system
Third Ave. RR.(N.Y.)lstcon.gu.4s
886,000. .Refunding old bonds,
do
l,667,000..Impts., extensions, etc
do
do
Total
$9,297,000
LI8TIN08 OF UI8CELLANEOU8 BONDS.
Company and title of loan—
Amount.
Purpose of issue.
International Paper 1st oon. 6
$24,00".. Exoh. for prior bonds.
N. Y City Corp. stock 3i«8, 1»54- 32,000,000)
improvements.
do
assess, bde., 8^o, 1914. 6,000,000 )
Northw. Teleg. 30-yr. guar. 448.. l,500.000..R'«tire maturing 7e, etc.
7.000,000.. PhHlppiie land purch
U. 8. of Amer.— 4s, 1914-84
U. S. Bteel Corp. lO-aOyr. s. f. 6s. 17,098,000.. Improvements, etc.
Utah Fuel 30-vr. 1st 6s of 1931...
880,000.. Aoqni8ilon<i and impts.
West Un.Tele.fund.&r.e.50-yr.4>«s 1,0 0,000. .Extensions and Impts.
j.
Total
$64,602,000
Worthy of note in this compilation are the $10,000,000 of Atchison general mortgage 4s, issued chiefly
for improvements, toretiie equipment bonds, and for
—
THE CHRONICLE.
80
the 140,000,000
[Vol. lxxix.
Lake Saore ments, new equipments,
etc., and the Pittsburgh Ft.
another road in the Pennsylyanla
slightly less than 15,000,000 for
On the miscellaneous list are only
of any ilie and both are additions
of New York banks.
the $16,000,000 of Southern Pacific 2-6 year collateral
On the unlisted department the additions were
trust 4^8, representing improvements,new equipment, the unpaid certificates of two foreign loans, the £10,eto., and the $23,000,000 of Lonlsyllle ft Nashyllle COOjOOO Japanese Government Sterling 63 brought out
collateral trust 4s.
Of these last about $10,600,000 by Kuhn, Loeb ft Co., the National City Baik and
were used to take up existing bonds of the system National Bank of Commerce and the $35,000,000 Reand fthe remainder for construction of new road, public of Cuba gold 6s, subscriptions for which were
acquisition of the Atlanta Enozyllle & Northern, the received by Speyer ft Co. and Harvey Fi^k & Sons;
purchase of new equipment, etc. The principal issues also the full-paid certificates] for the new debenture
for new mileage are the St. Louis & San Francisco 6 per cent bonds of the Consolidated Gas Company
similar purposes; also
bonds, with which were retired the short-term notes Wayne & Chicago,
Issued a year ago in connection with the purchase of system, has issued
a large interest In the stock of the Beading Company similar purposes.
(the Baltimore & Ohio owning a similar interest) and two blocks of stock
for other acquisitions.
Other noticeable amounts are to the share capital
$6,000,000 of 4| per cent gold notes and the Minneapolis St. Paul ft Sault Ste Marie of 6 millions of first
of this city.
also about $4,000,000 of Missouri Pacific
(Iron Mountain) bonds, chiefly In connection with the
tloned more fully, namely the retirement of voting
consol. 4s;
new
New
One
feature of the six months deserves to be
trust certificates
and the consequent transfer
men*
of the
The Long Island Kallroad
$10,000,000 of bonds under a new
control of the properties concerned from a small body
blanket mortgage and the Brooklyn Rapid Transit
$5,000,000 of its refunding convertible bonds. The
only miscellaneous bond issues of note are the $37,-
by a foot note to
omit therefrom such mere changes in the form of
listed securities as come from the exchange of voting
In the present
trust certificates for stock certificates.
instance, however, these exchanges are of more than
passing Importance, thous[h excluded, as usual, from
our tables. Three voting trusts have been dissolved,
the Erie, the Metropolitan West Side Elevated Railroad of Chicago and the Wisconsin Central, but in the
line to
Orleans.
has sold and listed
New York
000,000
City 3^8, United States of America
Land Purchase
Philippine
$7,000,000 of
4s
and
$17,000,000 of the second mortgage bonds of the
United States Steel Corporation.
The listings of railroad and other stocks are embraced in the followins^.
USnHOS OF RAILROAD
& Hndaon
Co.,Btook
GreatNortliern.pref
MO. Kan.
Nat.
RR.
& Tex., com.
,
do
N. Y. N. H.
& Hart.
do
do
Bock Island
& 8.
St. L.
Co..
do
j
....
A Bt. L.. pref
do
oommon.
^g'k'!"! Tex^A Ok^st*
Exchanged for oommon
433,100
common
*F
TM
120,500
nr«f
s
companies.
listed,
^^
{
Only
177.500 ] Exchange for Chicago
* Eastern Illinois
f
)
stock.
$88,862,800
$3,174,800
five of these Issues
require special mention.
The largest among these is 9^ millions of new shares
sold by the New York New Haven & Hartford, partly
against leased lines securities preyionsly in the treas
and additions. The
ury, but chiefiy for improyements
Delaware
list
of the
they do not figure In the foregoing compila-
tion.
^f^^iSfilVy'^Jtoik:
LI8TIM08 OF MISOELLAMEOUB 8TO0KB.
Purpose of issue.
Amount.
Company and class of stock—
Cltlcens' Cent. Nat. Bank stock.. .$1,000,000. .Acquire Cent. Nat. Bk.
174,600.. Improvements.
DetroltClty Gas stock
2,000,000..1norease of stock.
Mercantile Nat. Bank stock
Total
restoration of the shares of the
The
Foundries to the regular
l^ook\u8trrts.|__3*j000J
Total
terms.
stock.
4,959,200.. Improvements.
"totk^irui't cents' \
(fi
>
American Steel
Exchange was
\ ^^^^^l aidToV"""
6.763.200 5 1'^yfl°f»»«,^.%^t..-'»- marked by the filing of a financial statement, which
was published in full in the Chronicle of June 26
4,750,000 \ KlZvZ'eJ^XX.
2604, 2606). As the shares had previously been
53,400 > Acqalre stocks of old (pages
& Oh., gu.6%lBpeo. stk.
F.
I
«o'
do
do
do
Pt.W.
{
1 43,000
RR.. stock.... 2,850,900
do
PlttB. Oln. Ohio.
7.200,000
71,500$
deferred
do
Pitts.
stock
Mex. 2d pref
of
listing of stock certificates,
although authorized in June, does not begin until the
present month. The Reading Company (which is now
^°«„t^
3,000,000 {
^^^^oa" p^rop^e! paying dividends on its second preferred as well as
49,000. .Exoh.for oonv'l bonds.
first preferred shares) having declared the usual 2 per
c Retire N. T. A Canada
7,000,000 < bonds and Impta. on cent distribution on the first preferred stock, payable
C Ohateang.ds L.Plaold.
^- Mnext September, that company's voting trust, too. It
".600 p-'^-f^^^- «„*;
is supposed, will now expire in accordance with Its
—.
Ohio. Mil.
Delaware
named the
Amount.
& Pitts., oommon
4 8a.a. KR., pref
& Bt. P., pref
Boil.
case of the last
8TO0K8.
Purpost of issue.
$700,000.. Oonatruotlon of road.
Company and eUu» of ttoek—
Butt. Rooh.
As explained
our general summary, we uniformly
of trustees to the actual share owners.
& Hudson
sold $7,000,000 of stock at $135
stockholders to take up maturing
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
public sales of bank stooks this week aggregate 56
whioh 85 shares were sold at the Stock Exchanece
and 21 ehares at auction. Transactions in trnst company
stocks were limited to the sale at auction of one fifty.
—The
shares, of
share
lot.
Baitks— y<«0 York.
11 Cltiiens' Central Nat. Bank'
"25 City Bank, National
*10 Oommeroe, Nat. Bank of
Price.
Shares.
50 People's TraBt Oo
*
Sold at the Btook Kxohange.
(Ex
sale.
205
280
June 1904— 275\
845
Mar. 1904-
262i«
Bank —Brooklyn.
lOMeohanlOB' Bank
TKU8T COMP^vr -Brooklyn.
Last previous
Jane 1904— 147
June 1904— 260i»
June 1904— 205>«
|146
340
dividend.
—
In addition to the local Exchanges mentioned in last
week's issue of the Chroniole, the Produce Exchange has
also decided to remain closed to-day as well as Monday.
—A
membership in the New York Stock Exchange wai
week for a consideration of |60,000.
—On the Ist inst. the firm of Redmond, Kerr & Co. of this
dissolved. Mr. Henry S. Redmond, together with Mr^
account of the 66 -mile extension to Bu9alo, which is city was
O. J. Thomen, Mr. James C. Bishop and Mr. William R. Cross
making rapid progress, and for the purchase of coal
has formed a firm under the name of Redmond & Co,
The Pittsburgh Cincinnati Chicago & St. for the transaction of a general foreign and domestic banking
properties.
Louis has issued oyer $6,000,000 of new stock, chiefly business. Mr. Thomen has for many years been connected
preferred, taken by Its stockholders at par, for Improye- with banking institutions here and abroad, Mr, Bishop ! a
per share to
bonds and proylde for improyements. The Buffalo &
Susquehanna listed $3,000,000 of preferred stock on
its
transferred this
;
July
2,
THE CHRONICLE.
1904.
|
81
—
Mr. Samuel Spencer, President of the Southern Railway,
Heber B. Bishop, and Mr. Cross was forof Messrs. Morton, Bliss & Co. and later was elected to the board of the Hanover National Bank of
Treasurer of the Morton Trust Company, The ofiaces at 41 this city on Tuesday.
Wall Street will be retained by Messrs. Redmond & Co., who
—The newly consolidated ^Citizens' Central National Bank,
will assume all letters of credit and foreign accounts of the at 320 Broadway, paid its initial dividend of one and oneflon
of the late
merly a partner
old firm.
—The
half per cent yesterday.
The
institution, consolidating the
Mortgage & Trust old National Citizens' and Central National banks of this
Company of this city for the past six months have advanced city, commenced business March 14 1904.
The proposed reduction in the capital of the Trust Comfrom 116,471,541 to |25,748,681, making a gain of over nine
million dollars. Aggregate resources have increased from pany of America of this city was authorized by the stockholders at a meeting on Tuesday. The reduction will be
$33,694,649 to |41,423,470.
from $3,500,000 to $1,000,000.
The publication committee of the celebrated "Bankers'
The Lincoln Trust Company of this city, situated in MadSpecial Train" has lately issued a beautiful souvenir album
commemorating the famous continental tour made by ison Square, shows a very satisfactory condition of affairs in
Group Eight of the New York State Bankers' Association its return for Jane 30. The^depoaits have increased to $10,and their friends to the American Bankers' Annual Conven- 214,549, as against $7,383,107 .on Deo. 31 1903. Undivided
tion at San Francisco during October, 1903. This train, so profits of $74,791 have been ^accumulated during the six
deposits of the United States
—
—
—
ably organized and directed by Major Charles Elliot
ren, Cashier Lincoln National
Bank
of this city,
War- months.
was one
of
the largest and best equipped trains to cross the continent.
is artistically bound in suede leather
with flexible covers and gold edges. The edition is limited
to only 150 copies, and is intended for private distributon
The souvenir volume
among the members who made up the party.
The work, dedicated to the ladies of
Special", is an elegant
example of the
the
printers'
"Bankers'
and bookbind-
The historical preface, written by Mr. Joseph G-.
ers' art.
Brown, President Citizens' National Bank of Raleigh, N. C,
is followed by a complete itinerary of the trip, the speeches
and comments made by Hon. Ellis H. Roberts, Treasurer of
the United States; Hon. William B. Ridgely, Comptroller of
the Currency; Hon. C. A. Pugsley, President Westchester Co.
National Bankof Peekskill; Mr. Joseph G. Brown, and others.
There is also a complete description of the train and the
many points of interest visited en route. But this souvenir
edition will probably be treasured most for the handsome
half-tone reproductions of two hundred and fifty photographs taken on the trip by various members of the party.
The committee in charge of the publication of the book
were Messrs. Wm. C. Le Gendre, Samuel S. Conover, A. W.
Burnett, Alfred H. Curtis and F. N. Benham.
Total resources are $11,294,341, as against $8,889,Mr. Henry R. Wilson is] President, Messrs. Frank Tilford and 0;ven Ward Vice-Presidents, Mr. Robert C. Lewis
Treasurer, and Mr. ^William Darrow Jr. Secretary.
383.
—
Messrs. Gilbert M. Plympton, Thomas A. Gardiner and
William L, McKenna, who, with Henry S. Redmond constituted the former firm of Redmond, Kerr «fc Co. (which, as
noted elsewhere in this column, has just been dissolved),
have formed a new copartnership under the firm name of
Plympton, Gardiner &j Co. 4 The new firm will conduct a
general banking business. Its offices will be at 27 William
Street, this city, and 233 La Salle Street, Chicago.
—The statement
just issued [by the Equitable Trust
Com-
pany of this city (located in the " Equitable Building ") for
June 30 1904 shows a gain; for the past six months in deJ
posits of over thirteen ^millions of dollars.
deposits
now
is
$35,662,537,
The
total of the
as against $32,802,828 on
Dec
31
Aggregate resources have advanced from $34,660,430
to $48,279,746. Surplus &nd} profits are up to $9,298,843—this
on a capital of $3,000,000.
last.
—The
Mount Vernon, N.
Y., took
building, corner Fifth
Avenue
First National Bankjof
possession of its
and First
new^bank
on Monday
of past week.
On
the opening
day the officers' quarters were a ^mass of beautiful flowers
The semi-annual statement of the Title Guarantee &
and floral pieces, received from the bank's many friends and
Trust Company of New York reveals very notable progress.
well-wishers. The new structure is absolutely fireproof as
The institution did a title and mortgage business until Janufar as steel, stone and brick can make it, no wood of any
ary 1903, when the present banking department was made a
description being used in its construction.
distinctive feature of its affairs. At that time the company
The main banking room, which occupies the entire ground
had only $3,063,144 deposits and §10,933,607 total assets.
floor, is finished in Vermont marble and bronze, giving it a
Since then deposits have advanced to $20,905,922, while agvery attractive appearance, At the rear of the banking
gregate resources have expanded to $30,559,822. Surplus and
room are two massive safe deposit vaults of the Herringprofits, at $4,646,547, compare with $2,793,718 on January 1st
Hall-Marvin type, one being used strictly by the bank, while
1903. The Title Guarantee & Trust Company has a capital
the other is divided into boxes] for the use of its customers.
stock of $4,375,000, and maintains offices at 146 Broadway,
This institution has a capitaljof $100,000, and its deposits are
Manhattan, 175 Remsen St, and also 198 Montague St.,
close to a million dollars (iJ983,086). Mr. Clarence S. McClelBrooklyn, besides 854 Fulton St., Jamaica. The administralan is President
Mr. Alexander B. Crane, Vice-President
tive staff includes: Clarence H. Eelsey, President; Frank
Mr. Theo. F. Nesbitt, Cashier, and Mr. Gardner Q. Winship,
Bailey, Vice-President; Charles M, Dow, Second Vice-PresiAssistant Cashier.
dent and Manager Banking Department; Clinton D. Burdick,
—It appears from the half-yearly statement of the Mount
Third Vice-President; Edward O. Stanley, Treasurer; John
Vernon
Trust Company^that this institution has again maW. Shepard, Assistant Treasurer; J. Wray Cleveland, Secreterially reduced thej.bookj value of its real estate account,
tary, Nelson B. Simon, Horace Anderson and David Blank,
Aesistant Secretaries, Mr. Frank L. Snlffen is Manager of which to-day stands at $62,500, being a reduction of $18,887 28 since December 31stJ1903.
Of course the amount has
the Manufacturers' Branch.
been taken out of earnings. The surplus and undivided
—Mr. Osborn W. Bright, First Vice-President of the New
profits now amount to $409,478 77.
The company has inYork Security
Trust Company, 26 Broad St,, recently revested practioallyiall its fundSiin New York City and Westsigned his office on account of ill health and has departed for
chester County bonds and underlying first mortgage railroad
Europe. Mr. Arthur Curtiss James, son of Mr. D. Willis
bonds, which do not fluctuate with the ups and downs of the
James, was lately elected a trustee in place of Mr. Bright.
stock market in first mortgages on real estate, and in other
—The Van Norden Trust Company of this city expects to investments of the same grade. The deposits amounted to
move into its fine new building, rapidly nearing completion, $1,130,609 18 at the close of business June 30th and total
on the corner of Fifth Avenue and Sixtieth Street, during assets to
Street,
—
;
&
;
$1,544,887 57.
August.
of the firm of Messrs. Haligarten &
been elected a director of the Nassau Bank of this
—Mr. Harry Bronner,
Co., has
city.
—The
contemplated re-entry or Mr. George Blumenthal
Lazard Freres of this city occurred
on the 1st inst. As noted in these columns April 33, Mr.
Blumenthal retired from the firm about three years ago, the
greater part of the time since which he has spent abroad.
Into the firm of Mesera.
—There have been some unfavorable developments in banking affairs in Saratoga the past week. Losses in the neighborhood of $60,000 sustained by the Citizens' National Bank
(capital $100,000) through alleged bad investments by Cashier
John H. De Rldder caused a run on that institution last
Saturday. Prompt assistance, however, from the local trust
company and from Albany enabled the bank to successfully
weather the storm,
meeting of the directors was held last
Friday night, when the shortage was disclosed, Mr. Da Rid-
A
1
THE CHRONICLE.
82
der at that time resigning hia offioe. An assessment of 100
per cent waa levied on the stockholders, and it le believed
that the losses have been more than covered by the subscriptions of the stockholders
practically over by
Monday
and
directors.
afternoon.
The
mn
waa
Mr. C. B. Thomas,
the former President, has been elected to the Cashiershlp,
and Mr. E. D. Starbuck has been chosen President. Mr.
De Ridder is President of the New York State Bankers' Association,
The troubles of the Citizens National were followed by the
snspemiion of the First National of Saratoga (capital $125,-
[Vol. Lxxix.
the company competes
with six commercial banks and two savinps banks, in a city
of about 22,000. The cffioeri are Mr. Edwin G. Merrill.
President, and Mr. W. B. Haaaard, Treasurer.
substantial gain conelderlng that
—The
bold
its
Pennsylvania Bankers' Association has decided to
annual meeting in Atlantic City on October 5 and 6.
The council
of administration has ratified the action of the
protective committee in offering a reward of $100 for the
arrest and conviction of forgers and swindlers operating on
the
members
of the astooiation.
—Mr,
Francis R, Morlson, Assistant Secretary and Treas000) on Monday.
Mr. William Hay Bockes, the Cashier of
urer of the Equitable Quarintee & Trust Company of Wilthe bank, reflgned on Saturday, and it is stated that a run
mington, Del., is sending out circulars regarding hia "System
was feared also on this institution, to avert which the bank
of Trust Company Advertising." The system com>i8ts of a
was closed at the request of the directors. Bank Examiner
treatise on the art of sncwsefully advertising the businesa of
Van Branken is in charge,
trust companies. Over 150 examples of appropriate wording
—The Bankers' Trust Company of this city, which was or- and typographical display advertisements bearing on the
ganized in March 1903, now enjoys a deposit line of consider- subject of all branches of business conducted by the varions
ably over $15,000,CfO, an increase of more than $5,000,000 departments of trust companies are given in the work, and
since January. The semi-annual statement also ehows a also a copyrighted plan of increasing depo»itB
and securing
gain in profits from $57,000 to $126,000. Growth of this fiduciary and safe deposit buainees by means of "follow-up"
character during a period when rather adverse conditions correspondence. The price per volume la
$5 00.
prevailed is largely accounted for, its friends believe, by the
—Mr. Joseph F. Minick, Vice President and director of the
make-up of the board of directors of the company, each
West End Savings Bank
Trust Compiny of Pittsburgh,
member of this board having high oflBcial position with some
died on the 23d ult.
prominent bank or bankirg iEstitntion. This fact naturally
The Keystone Bank of Pittsburgh, Pa., has made arrangeadds to the company's reputation for solidity and conservments to besome a national institution. The Comptroller apatism.
proved the conversion on the 24th ult. under the name of the
—After several hearings the Niagara Falls Trust Company
Keystone National Bank. The capital will remain unof Niagara Falls, N. Y,, has been granted authority to begin
changed tt $500,000. The stockholders have not as yet taken
business. The company was organized with a capital of
formal action in the matter,
flOO 000, and will have a surplus of a like amount. Consid—The New Caatle State B«nk ia the name of a new
erable oppoeition to its establishment was manifested by exfinancial institution organizing in New Castle, Pa.
The
isting banking institutions in Niagara Falls, which claimed
capital will be $60,000 in shares of $50 each, which will be
that the banking busiress in that locality did not warrant
sold at $75 to give a surplus of $25,000. The bank ia scheduled
the opening of another inatitntion of that character,
to open in August on Washington Street.
After a service of fifty-one years as paying teller of the
—The present year's convention of the Indiana Bankers'
New York State National Bank of Albany, N. Y., Mr. Daniel
Association will be held in Indianapolis on October 6 and 6.
Curtis
has
been
retired
G.
on a pension. Mr, Curtis's fiftieth
The members of the Michigan Bankers' Association will
year with the bank waa marked in 1903 by the presentation
to him by the institution of $1,000 in gold. Mr. Hecry R, assemble in Detroit on the 26th inst. for the annual meeting.
As before mentioned in this depirtmfnt, the convention
Pierson has been appointed the new paying teller,
proper will be held aboard a steamer, the boat leaving DeAccording to Buffalo, N. Y,, papers, a large block of the
stock—sufficient, it is said, to secure a controlling interest— troit in the afternoon of Tuesday the 26th, and stopping at
Buffalo, Niagara, Lewiston and Toronto, returning from the
of the German-American Bank of that city has changed
latter city on Thursday, and reaching Detroit on Saturday
hands. New officers were elected at a meeting on the 23
morning,
nit.,
Richard Emory (of
&
—
—
—
—
&
Mr.
Messrs, Hambleton
Co., Baltimore) succeeding Mr. Henry W. Burt as President and Mr.
Robert F. Schelling replacing Mr. J. W, Diehl as Vice-Presi-
Mr. Emory became President of the German Bunk of
Buffalo in May, when it was stated that he had acquired an
interest in that institution.
dent,
— Mr,
Charles S, Mersick, President of the Merchants'
National Bank of New Haven, Conn,, died on the 24th ult.,
aged sixty year?.
—The
contemplated liquidation of the National Bank of
North America of Providence was authorized by the stockholders on the 14th ult., to take effect on that date. As previously noted in theee columns, the Union Trust Company of
Providence
—The
is
Bank
First Natiocal
its
of Providence
is
now
also in
stockholders having voted to this
—The principal incidents connected with the life of
Nathaniel Hawthorne, the centenary of whose birth occurs
on July 4th, are recalled in an attractive way by the Salem
National Bank of Salem, Mass., the birthplace of the author.
The information is in condensed form on a heavy cardboard
folder, the front of which is adorned with a portrait of Hawthorne, On the inside portion of the folder are given, besides others, views of "The Old Manse," "The House of the
Seven Gables" and "The Grimshaw House."
—The
since
Company of Bangor, Me.,
date May 31 1904 showing its
Merrill Trust
statement bearing
May
31 of last year, at
which time
to his advanced age, has
Commercial-German National Bank
Mr. Elwood A. Cole, who has been Assistant
of Peoria,
111,
Cashier, has been elected as Mr, Arnold's successor.
—On the 1st inst, the capital
stock of two Chicago banks
Banking Association
$500,COO to $1,000,000 by the issuing of
$500,000 new stock at $200 a share, which increases the surplus a like amount as the capital; and that of the Chicago
Savings Bank, \^hichis increased to a half-million by the
issue of $350,CO0 new stock.
was doubled— that
being raised from
—The
of the Hibernian
directors of the First National
Bank
of Chicago, at
meeting on the 28th June, jelected F. O. Wetmore,
Auditor of the bank, an Assistant Cashier, to ta-^e the place
made vacant by the recent resignation of E Iward Dickinson.
Chief Clerk M. D. Witkowsky was made Auditor to succeed
Mr. Wetmore. Assistant Chief Clerk W. H. Monroe was
made Chief Clerk to succeed Mr. Wltkowsky.
their
conducting the liquidation.
process of liquidation,
effect on the 24th inst.
—Mr. Weston Arnold, owing
resigned as Cashier of the
it
issues a
progress
succeeded to the
Co. Gross earn-
business of the banking firm of Merrill &
ings are given as $28,419; the net earnings as $11,411. The
increase in individual accounts is from 147 to 355, while
total deposits have advanced from $134,900 to $340,723, a
—
As a result of the disclosure of a misappropriation of its
funds by Cashier Col. Jacob H, Plain, the German-American
Bank of Aurora, 111,, experienced a slight run on Thursday.
The alleged shortage is variously reported as $60,000 to $90.000, a good part of which it is stated has been met by the
relatives of the Cashier.
—Mr,
Fred. G. McNally,
who was several weeks ago
Andrew McNally, as a
elected to succeed his father, the late
director of the Chicago National Bank, has also been chosen
fill the unexpired term of his father on the board of the
Equitable Trust Company of Chicago.
to
—The fifteenth
ers'
annual convention of the Minnesota Banklast week, June 81 and 23, at Lake
Several addresses were delivered and ten min-
Association
Minnetonka.
was held
1
July
2,
THE CHRONICLE.
1904.
ute talks were given by Mr. Lewis E. Plorson, President of
the N. Y. National Exchange Bank; Mr. F. M. Prince, VicePresident of the First National Btnk of Minneapolia, and
others. Mr. Joseph Chapman Jr., Cashier of the Northwestern National Bank of Minneapolis, has been re-elected
Secretary of the Aflsociation, and Mr. George
Prince,
Cashier of the Mwrchants' National Bank of St. Paul, has
been re-elBC'*d Treasurer. The other officers are: President,
Havill, Prerident of the Merchants' National Bank
Mr. O.
of St. Cloud; Vloe-Presldenli, Mr. Cliff W. Qress, Caahler
of the Citizens' Bank of Cannon Falls.
H
H
—^The Natfotal B«nk of
La Crosse and
German-AmerWis., conwlidated on June 20,
000.
—
The absorbed bank had a capital of $50,000.
A movement has been started to organize a State
as«o-
A circular has been
mailed to all the banking institutions throughout the State
asking that a representative be present at a meeting to be
held at Helena on October 5 and 6, when the organization
will be perfected.
ciation of the bankers of Montana.
—Mr. John
lUPOKTBOF OOLD AHD SILVBB AT SAM 7KAK0I8GO.
OOLD.
Ryan has resigned the presidency of the
Djdy Bank & Trust Company of Butte, Mont. Mr. John C.
Lalor has been chcsen to succeed him in the position.
—We referred last week to the proceedingi of the Washing
D.
Ooin.
1908-Oi
Jaiy
H. Latimer, Manager of Mwsars. Dexter, BLorton
&
Co., Seattle; Vice President, E T. Coman, Cashier of the
First National Bank of Colfax; Secretary (re-elected), P. C
Kauffman, Second Vice-Preeident of the Fidelity Trugt Company of Tacoma, and Treasurer, W. M. Shaw, Assistant
Cashier of the Exchange National Bank of Spokane.
—Mr.
Clark Williums, Vice-President of the United States
& Trust Company of this city, is to be one of the
speakers at the convention of the Georgia Bankers' Atsociation, to be held on the 12th and 13th inst. at Lookout
>un
tain, Tenn.
Mr. William A. Kavanagh, Assistant Cusbier
of the National City Bank of this city, is also to deliver an
address, as well as Mr. Charles O. Austin, Vice-President of
the National Bank of North America of Chicago.
Mortgage
M
—The latest statement (June 9) of the Merchants'
Planters' Farley National B*nk of Montgomery, Ala.,
issued in eapeclally attractive form, in folder shape.
—The
Citizens' Savings
Bank
&
Trust
Company
&
is
of
BLrmingham, Ala., has recently issued a very oomprehenalve
little pamphlet oontaining interesting data respecting the
various i«auf« of local stoclai and bonds dealt in in that city.
The pamphlet also serves the purpose of announcing the fact
that this Institution has lately added a bond and stock de
partment, und« the direct management of Mr. H. H. Mayberry, the President.
—At the annual
meeting of the Traders' Bank of Toronto,
Ontario, on Tuesday, June 21, a by-law was paised authorizing an increase of |l,000,000 in the capital, making the
authorized amount $8,000,000.
Bullion.
Total
$
1.461.786
1.4*7,660
Uoin,
BuUton.
9
9
182,567 1.604,29?
208,268 X,C40.80
70,«7» l.774,v!2»
84,018
September »,70»,647
October
1
•ovember
Oeeember
2«l,67fi l,7t«.ei7
88,600
11.1166
i,887.l«06
2^1,864
26t.71
18832V
2,621,1 St
faaoary.
8.816
29,760
l.f>f>6,6Z3
200.85S ^. 766,98
380.4n '.860.V7
183,i<76 6,342,040
164.761 ^96«<.61^
66,481 <,05a,19
.462.043
(February. 2,46»,8S0
tCaroh.... •<,lf8,l«4
4j)rtl.....
May
1.801,764
7,986,718
rot.ll
80.416
m
•EXPORTS
(it
mo*
766
867
607
4,096
1908-01.
July. ...
kMga»t...
September
October...
IToTember.
Oeoember.
luiaary
Pebmary..
.
aa,iT3.798
Bullion.
SILVBB.
9
9
574,060
5,906
6,4«0
11,995
&,8«0
10,746
10,710
6.819
1,100
650
82c
Total.
Ooin.
Bullion.
9
9
9
679,96^ 120,-^9
6,48C 76.76'
13,09.'^
74,6 iP
6,8 --O
4.20H
11,89
8,066
11.030
6,8
....
Si
3, "86
3.1»'6
13,060
4,9n6
8,888
13,060
SS?!:::;:
Fot.llmo^
fi2.1«3
^areh
860,490
202.482
221.806
622.376
368,624
3»5,161
309,186
384.248
317.403
187.762
107,733
Ul ,407 3 065,21 3 '1,276,620
OOLD AND SILVBB FROM 8AK FRAN0I800.
2.087,67'
OOLD
Ootn.
Total.
276.472
202.487
22l,8»6
4S8.776
360.309
326,411
808. S81
833,881
3(6,798
187.762
103,688
tfOHTHK.
4.96''
143.800
26l,**00
71.000
7^.4 «0
13,37.'
82,00<
41.S84
a4,«89
4V;3
ia.9 6
124 50
404,473
304.900
211, iO
3 88
5"«,130
e.'S8,25
268,400
1 3T4.87i
Total.
'
I
$
120.792
220,060
336,619
75.203
83,495
96,373
266,884
428,912
347,211
224,017
1 13,720
9'6 814 3.Sn.l86
l^otuetarijlCflcrmmevcialgiigUslxlltws
ton State Bankers' Convention recently held at Walla Walla
The officers of the association for the ensuing year are: President, N.
SrtVBB
«ORTB8.
the
ican Bank, both of L« Crosse,
the first-named taking over tae bnwneas of the German
American. No change has been made in the capital of the
National Bank of La Crosse, the amount remaining at |t50,-
83
iFrom oar own eorTe8ponaent.J
London, Saturday, Jnne 18, 1904.
Business continues as stagaant as ever, chtffl/ because of
the uncertainty respecting the issue of the new Water stock.
The stock amounts to 27^ millions sterling. The debenture
holders are obliged by Act of Parliament to exchange their
stock for the new stock. But the shareholders in the Water
ocmpaniee can insist upon being paid in money. Whether
they will do so or not is not known, ani it was generally
hoped in the city that the Water Board would arrange with
the leading houses ia the city to take the matter in
hand and bring out an issue for whatever actual money was
required. The board, however, is unwiling to pay the commission asked for by the great houses and is now negotiating directly with the companies to fi^d out to what
extent conversion can be reckoned upon. Uatil som« arrangement is arrived at it is probable that there will be no
increase of activity here, for there are many other Issues dependent upon the sujcees of this one. If this fails the market will be greatly dlacournged and other new issues will
have to be postponed. If it is a success, we shall probably
have a considerable number of new issues.
While business la thus stagnant in London, it is remarkable that there has been this week a fair amount of activity
in Paris, notwlthsfanding the renewed Russian defeats.
There has been a very large amount of buyiog on French and
Russian account here. A considerable proportion of the
proceeds of the new Ru«eian loaa has been traauferred to
L mdon, and there has been a good deal of buying of Russian bonds, either on French or on Russian aoooant. There
has also been buyiog of Treasury bills, Transvaal loan,
Brazilian and Argentine stocks
And there have been several
.
IMPORTS AND EXPORTS OF OOLD AND
SILVER At SAN FRANCISCO.
inquiries respecting
The Collector of Customs at San Francisco has furnished
us this week the details of Imports and exports of gold and
silver through that port for the month of May, and
they are given below in conjunction with the figures for
preceding months, thus completing the results for the
eleven months of the fi c»l year 1808-04. Tne imports of
gold were of record volume, reaching |8,068,199, of which
thete is likely to be a vary large Increase in Freuch investments.
Probably there is another and an unexpressed reason for
the new activity In France. Frenchmen aie beginning to
hope that if the Jap»nir«e euccefcses continue. If Port
numerons
which seem
show thut the French investing public has grown tired of
leaving their money on deposit With batke, ard that now
otht»r secnritits,
to
Arthur falls, and if the RoifSlan army has to surrer. df r, the
Rutslan Government will be brought to see that nothing Is
tot* gained by continuing hostilities, and thar, therefore,
was in coin. Of silver there came in $107 788.
mainly bullion and silver In ore.
During the eleven peace may be concluded. Obviously, the Freuch people have
months there was received a total of $8a,478,'J98 gold and ('xoeptlonally strong reasons for wishing for p^AOf, although
18,278,820 silver, which compares with |»,113,879 gold and every possible step has been taken toeneur the
localization
$2,4 3 799 silver In 1902-08
The shipments of gold during of the war. At all events, there is much more activity in
May were unlnip, rtunt, reaching only $3,888, a 1 c^^ir., and Paris this week than In any
other Stock Exchange in EJnrope
the exports of silver were $1,118!7I0. of which $»66,>^2 wm
In Qtrmany money Is dear and in strong di-mand and is
*'^
^^®
^""^ months the exports of gold reaoheri
22lo".-F°'"
i658,W2, against lf2 034,8«r> in 1902 08 and $8,811,186 silver lUely to oontinne so until the end of the month. The Ger$7,986,718
'
was sent
May and
out, against $6,868,284 In 1902-08. The exbibit
for
for the eleven months Is as follows:
man Government
has decided not to raise a public loan this
year.
is
Instead,
It
isiulng Treasury bills
and
selling
them
THE CHRONICLE.
84
(Vol. Lxxix.
through the Imperial Bank. It was expected that some time
The rates for money have been as follows:
this month there wonld be a large iesne of these bills, and
Mteriet •ttewM
0*«n Market Batei
all the varions Qerman banks have made preparations for
for devoiUi bt
taking the bills. The issae has not taken place np to the Undon.
Bank BiUi.
IradeBUlt. 'Joint Dit'tH'i.
Stock At 7-U
present and consequently a great deal of money is being
AMontht. iMonthe 6 Montht 8 Jtfoi. 4 Moi.\Bank* OaU Dmn
held by the banbs in preparation which they are not willing
1 m-io&i
1 ie.l6®2
May
Ik
~2H~ 2H
to use except for very short periods. At the end of the
1 16-16®2
1 ie-i«aa
2H(a2)4
IM IM
8 1.16
8 1.16
month, as always happens in Jane, there will bs a strong de- Jane
2H(3>2 3-16 2M®aM
IH
IN
8
2
IH l«
mand for money for the provinces. Bat in July most of the
2 1-18
2«
8KS2M 2«
IM
IK
money will flow back, and there is expected to be great
Messrs. Pixley & Abell write as follows under date of
!
ease.
Money here
London
abundant and cheap. Probably
as the end of the half-year draws near, rates will riee somewhat. But it is not expected that there will be any pressure.
No doubt there will be borrowings from the Bank of England
but gold is now flowing in in considerable amounts, and it is
anticipated that during the next 3 or 3 months very large
sums of gold will be received by the Bank of England.
Therefore, the likelihood is that money will become both plentiful and cheap in July. The general expectation in the open
market is that some time in July the Bank of England will
put down its rate to 8 per cent. During August and Septem.
ber great ease will continue and it is probable that even in
in
is
June
16,
1904
Odd—There was Bome ohanoe of
gold being taken for Aastrla this
week, and the Bank, on findlnK tbie, raised ItB price onoe more to 778.
9^d., thereby securing the bulk of this week's arrivals. Paris, whose
gold reserve Is now £U2,«00,000. is quite out of the market. The
lank has bought £514,0O0,of which £438,000 is In bars and £100,000
Is from Egypt.
The only withdrawal is £6,000 for Gibraltar. Arrivals: South Africa, £36b", 000; Australia, £1 60,000; Straits, £13,000;
Egypt, £3,000; West Indies, £32,000; total, £564,000. Shipments:
Gibraltar, £1 5,000; Bombay, 35,900; Peuang, 77; total, £50,977.
Silver—The demand for China slackened a Utile on the departure of
the North German steiimer, and we fell to 25"ied. with UttJe or no
business; but this price attracted a good many orders from India, and
on the news coming to hand that the French Government were Inviting tenders for Rs 25,000 for delivery in one month, the market hardened to 259i)\d. ready and forward. We close 25»8d. firm with a good
market- The price in India Is Ri. 65>« per 100 tolahs. Arrivals: New
York, £187,000; Australia, £6,000; West Indies, £2,000; total,
£195,000. Shipments: Bombay, £129,110; Hong Kong, £21,165;
Oaloatta, £5,000; China. £110,000; total, £265.275.
Mexican Dollars—Dollars still remain quite nominal at »boat the
ame prloe as rpot silver.
autumn rates will not rise very high.
At the present time, business of all kinds is so stagnant
Iha quotatlonsf or bullion are reported as follows:
that there is exceedingly little demand for money. And the
immense balances which the French banks are employing
811.VBB.
Gold.
June
June
London Standard 16.
16.
here have beaten down rates until on some days it is not pos- London gtandara
sible to employ profitably all the funds offered.
Money is
d.
Barsilver.llne. .OS. 259,8
oz
even cheaper in Paris than it is here, and is likely to grow Bargold,flne
Do
the
cheaper still. Therefore, the French banks are eagerly buying sterling bills. Their demand for British Treasury bills
They are also buying all other forms of
is exceedingly keen.
short-dated paper of the British Government, such as exchequer bonds, and in some cases they are taking the better
classes of municipal stocks, such as the recent stocks of the
London County Council.
The French banks are likewise employing very large sums
in Berlin. In Berlin rates are even higher than in London.
But the French banks prefer to employ their balances in
London rather than in Paris, because in the first place the
general belief is that after the end of June money will become almost unlendable in Berlin, and in the second place
the market in London is so much larger than in Berlin
that the money can be employed here to better advantage.
The India Council offered for tender on Wednesday 50 lacs
of drafts, and the applications exceeded 412 lacs at prices
ranging from Is. 3 81-82d. to Is, 4 l-32d. per rupee. Applicants for bills at Is. 4d. and for telegraphic transfers at
Is. 4 l-82d. per rupee were allotted about 39 per cent of
the amounts applied for.
The following return shows the position of the Bank of
Bngland,the Bank rate of discount, theprioe of oonsols, Sec,
oompared with the last three years:
1908.
1804.
Jv/nt 15.
Jtme
X
*
1908.
June
X
17.
French gold ooln.oi
Japanese 7en....oi
The following shows the imports of oereal produce into
the United
season
1901-2.
1902-3.
1900-01.
6S,604,415 55.831,418 54,316,400Barley
27,135.126 21,560,052 19,367,596 17,084,400
12,252,994 11,855,058 13,947,298 17,534,900
0»t8
Peas
1,591,292
1,644,768
., 1,950,530
2,081,930
1,610,036
1,780,688
1,273.169
Beans.
1,318,240
37,892,767 31,171,800 8=^,697,712 42,792,300
[ndUnoorn.
rionr
„..«... 16,540,743 16,338,680 16,043,665 17,883,800
Imp'tSOf wbeat,OWt.70,906,136
Supplies available for consumption (ezoluslve of stock
on September 1):
1903-4.
f?lie»ttmported,Oirt. 70,906,136
Imports Of flonr..^.. 16,540,743
laleBOtIlome-grO'Wn.15,720,383
.
1901.
zx
29.878,830
29,384,736
11,068.108
10,966,806
11,381,866
89,699,786
89,2ii5.630
38,663,678
39,958,281
16,687,806
16,073,219
14,198,161
14,802,088
Otbar •oarltlei
MiWT* of notac and ooln
oOin*bnlllon,botbd«partm'tB
Prop. roierTato UabiUtlei. P.O.
24,091.017
36,994,684
27.014,880
27,260.404
84,846,247
26,823,408
26,388.8)i9
26,172,028
84,444,077
87,419,673
87,998.669
87,781,768
58>i
•8
62%
61 13-16
8
86 6-16
8
3
96 9-16
90 3-16
91H
84 7-164.
a6 7-i«d.
24«d.
209,188.000 228,888,000 838,696,000
Conioli.SM par oant
SllTar
diarlng-Honia raturn
1902-3.
63,604.415
15,338,660
20,805,666
27?6».
210,768,000
ThUwek.
ars...
near, equal to ars...
qrs...
Walse
fViieat
The
4,125,000
150.000
Laitvietlt.
4.160,000
175,000
635,000
680,000
British imports since Jan.
Imports.
January
February
March
April
Jlay
18.
June
June
11.
May
4.
28.
Rateiot
Interettat
Bank
Oven Bank Oven
Bate. Markt. Rate. Markei Rati. Market Rate. Marki
Bank
Open
8
4
~~m
3
Barlln
8
4
Hambare
4
4
Frankfort
4
3»
3H
Bratieli
3
8M
Vienna
3«
6M
4M
4M
Pgrls
Open
3
4
8M
4
4
iJi
4
8
2«
8
A.miterdam
3
2«
4
4
4
8
8
8
SH
St. PateribUFft.
Madrid
Ooaanbasen.
Bank
A
£
45,998,863
44.110,519
48,692,275
45,181,763
44,780,098
46,226,515
40,560,585
46.916,524
43,802,327
41,915,106
~
1
219,260,527
1903.
£
£
24,903,636
22,775,436
36,108,194
23,136,373
24,327,026
Five months. ...120,016,897
120,250,665
March
..
nom.
3M
5M
8H
thi
8X
4
4^
4
noEt.
8«
6«
*H
May
The re-exports of foreign and
show the following contrast
1904.
RB-EXPORTS.
January
February
3
nom.
4
4
SH
5M
iH
m
nom.
4
4
April
May
£
5,712,000
7,405,341
5,946,649
6,754,870
5,585,686
1901-2.
3,550,009
775,000
Difference.
300.00C
820,000
£
-232,652
PerOU
-0-5
-1-3,549,934
-t-l,7?5,751
-t-8-7
-I-3-8
4-1,379,436
4-8-1
-1-2,864,992
-t-6-8
-f9,514,580
4-4-3
have been as follows
24,088,365
23,894,813
24,251,796
23,484,834
24,332,089
EXPOBTB.
January
February
1903-3.
1,960,000
230,000
have been as follows
1903.
The exports since Jan,
March
8
1
1904.
Five months. ...228,775.107
April
Jvne
1900-1.
54,316.400
17,883.800
21,052,70fr
The following shows the quantities of wheat, flour and
aialxeafloatto the United Kingdom:
1904.
The Bank rate of discount and open marketrates at the
chief Continental cities have been as follows
1901-2.
55,631,418
16,048.665
21,479,404
103.167,262 99,848,741 93.359,487 03,252,906
Total...
27b. 8d.
30e. lid. 27b. 6(1.
4v«r.prloewheat,week.26«. 66.
4Ter»ge prloe, season. S7b. id. 26a. lOd. 27b. 7d. 27s. Id.
88.771,165
613:^
forty-one weeks of the-
IMPORTS.
8,107.094
paroant.
Kingdom during the
compared with previous seasons:
1903-4.
88,047,880
rata.
25''8
do 4 grs.gold.os.
do 3 grs.gold.os. 2511,6 2511,,
Oake silver
oe. 278,6 279,8
Mexican dollars. .OB.1251S* |26^
*Noniinal.
OlianlatlOD
Pabllo dapeilti
OUer depoilti
aoT«rnm«nt leenrlttei
Bank
9.
4.
259,8
2 mo. delivery 259,, 26»i«
Bar silver, oontain'g
do 5 grs.gold.os. 261,6 261,
U. B. gold 00I11...OZ
Oerm'n gold ooln. OS
June 19
18.
Junt-
:
Difference.
£
—820.271
4-1,119.377
Perot
-8-8
4-4-9
—856.398
-8-4
4-348,461
4-5,063
4-1-6
4-0-02
—203,768
—0-»
oolonial produce since Jan.
1903.
£
6,0t)7,718
6,138,328
6,458,363
6,589,064
5,943,553
1
Difference.
£
Per at.
—6-8
+20'8
4-1,267,013
-355,718
4-488,296
4-165,306
-352,804
4-8*9
4-2-5
-60
+4*0
4-1,207,030
30,197,016
Five months.... 131,404,046
NoTB.— The aggregate figures are offi'3laL Xhey indicate that Blight
acUostments have been made In the monthly returns as Issaed.
I
.
July
THE CHRONICLE.
2, 1904.]
Bnsllab Financial markets—Per OaMe.
Hon.
Tuei,
2b''e
2618
8915,6
891616
90
26iia
9010
90i«
liOHDOn.
Sat.
niTer, per oanoe
d.
OonaolB.,neir,2i« p.ota.
Wot Kooonnt
Vr'obrenteB(iiiF»ri8)fi. 97-80
SpanlBb 48
—
Canadian Paolflo....... 12638
Oheeapeake A Ohio.... 31%
Ohlca. Great Western.. 13%
Oblo.Mll.A St. Paul... 1471*
Den. A Bio Or., com.... 22
Do
do Preferred, 73
rle, common
Do
do
forthem
20,326
82
94
16,000
81%
31%
13%
146%
31%
8I4
42
135
591s
851s
138
1121s
8
1121s
8
37
38
88
38
II9I4
261s
119
119
ll9i«
261s
671s
901s
101
5988
24ie
4S>s
841s
4810
211s
67ifl
671s
901s
571s
901s
lom
24
47%
47 'e
31%
21%
87»fl
87i«
9088
9513
9014
951s
48
9iie
Preferred
„..
U. 8. Steel Corp., com..
Do
do
pref..
95 1«
Wabash
Do
Do
*
preferred..
lOH
..^
leifl
....
35
Deb."B"
58I9
59%
4214
3414
oath'n Railway, com..
33%
101
593^
2418
4214
3414
33%
..
8I4
17
26%
24
211s
21%
87
871s
901s
961s
135%
112%
112%
S7is
Phila. ARead.,8dpref.
Soathern Pacific
Preferred.....
36 Is
1351s
17
27
21%
70%
24%
59%
36%
211s
24I8
6908
37%
2.500
14
147
70%
24ifl
17
42I4
Union Paoiflc...
211*
73%
371*
90
2AH
14
8%
17
38
38
119%
27%
57%
90%
The receipts of flour and grain at the seaboard ports for
the weoK ended June 25, 1904, follow:
101
59%
24%
42%
34%
48%
21%
87
87
90%
go-'s
PftUsdsIpkia
Baltlmort
10
95%
10
56%
10
56i>8
56''8
5738
16
35
53
f-^rtland.
161s
161*
35
68
16
85
16
35
Moblls
35
58
Norfolk
(£'OmnxzxcmX itud ^laiscjcXXaitcous Ulews
OIVIORNDS.
Ms
Books Closed.
(Days Inclusive.)
bbls._8.334.t87
Kailroads (^(team).
4
do
do
pref.
Belt By. of Chicago (qaar.)
Chattahoochee & Gult
Chicago & West. Indiana (guar.)
<lo
(qn.).
I!
Cleve. Cln. Chio. <fe St. L., com
Del. Lack.
West <quar.)
Georgia RR.
Banking (qnar.)
Lehigh Valley, com
do
do
prel
..
Little SohnylkUi Nav. RB.
Coal"!."'
Wilmington
Northern (qaar.)
&
&
&
&
Street ItaUwiiT«.
Brooklyn Union Elevated, pref.
Capital Trac, Wash, D. C (quar.)
Cln. Newp. <S> Gov. L. <fe Trac, pref. (qu.)
Citizens' Klec, Newburyport, Mass
Columbus (O.) Buckeye L & New., pf
Consolidated Trac of New Jersey
.
Hest.
Mantua
do
<fe
Fair., PhUa.,
do
do
com
pref
Holyoke (Mass.) Street Ry
Lincoln (Neb ) Trao., pref
MontvUle (Conn Street By
\
New London (Conn.) Street By....
Northampton (Maas.) 81. Ay
Norwich (Conn.) Ry
Sao Paulo (Brazil) Tran. L. & P. (guar.)
Third Avenue KB., N. Y. (quar.)......
Toronto (Ont.) By. (qnar.)
Banks.
_
Broadway, Brooklyn
'."'
)
Brooklyn, Brooklyn
Chatham National (guar.) ...
'
tilth National
Manhattan Co., Bank of the
N. Y. County National
Plaza
Riverside (quar.)
'"
'
10
1'^ J'ly
IV. J'ly
Ih J'ly
2^ J'ly
3
J'ly
l^^ J'ly
2
J'ly
3
J'ly
4
J'ly
2>2 J'ly
3
J'ly
2
J'ly
2
J'ly
2>2 J'ly
2
J'ly
J'ly
l"* J'ly
6
4
J'ly
J'ly
J'ly
J'ly
J'ly
Aug
Aug
3
Aug
to
to
to
to
to
to
Sep 1
J'ly 19
J'ly 14
12
J'ly 3
J'ly 2
J'ly 16
J'ly 18
J'ne 25
-15
1
1
IS'J'ly 1
1 J'ne 21
to
to
1 J'ne 21
to
1 Holders of rec.
15 J'ly 10
to
1 Holders of rec.
1 Holders of rec.
1 J'ne 26
to
1 Holders of rec.
2 Holders of rec.
30 J'ly 14
to
2 J'ne 10
8h,ares.
lot
i0Mechanlo8'BnkofB'klyn280
50 People's Trust Oo. of
Brooklyn
845
(ex-dividend)
Dunham A
J'ly
J'ly 16
J'ne 80
J'ne AO
J'ne 30
J'lv 15
J'ne 22
J'ne 29
J'ne 30
J'ne 22
J'ne 20
Bank
146
Co., p/.lOO
Mxpttrt*
.^•W
York
60«,498
•
73.478,388
0«rn,
from- kw«)t.
80.909
4,887
64,170
3oiton
"^rtlsnd, Ms.
/^UadstplilB..
lJ'ne29
to
to
1 Holders of reo.
II J'ne 18
to
J'ne 30
J'ne 30
1 J'ne 16
J'ne 30
J'ly
1
to
to
to
to
to
to
to
J'ne 29
I'jMy 16
1
Aug
Aug
1
1
J'ne 30
Sep IS
J'ly
J'ly
1
1
Aug
1
16' Holders of reo. J'ly
20 Holders of reo. J'ly
15 Holders of reo. J'ly
5 Holders of reo. J'ne
15 J'ly 1
to
J'ly
J'ly
5
30
5
1
J'ne 30
J'ne 30
J'ly 5
J'ly 26
1
t
Correction.
Mo Her & Son
Pitts. Shaw.
Oo. Ifit 48, 1952
& Nor. RR.
60
Guayaquil *>
Quito RR. Ist OB. J&J
Orders of Ecuador.
Assoo.onMesp.Olyn, aio inn
MUis.Ourrle&Oo of r *12,100
London for 943.000
Guayaquil & Quito
$30,000
3,840
81,139
1
to June 25 compare as
47.179 4l>6
61,600,936
2e,23S.a33
2,133.170
2,b01,139
61.574.014
10,233,122
21,318,618
1.478.184
1,610.291
63,086.838
83.885,106
43,171,138
2,909.379
1,698,655
86,120.229
194.900.716
1902
189.953,034
Montreal
8.9i7
866,414
69 846
tiobll*....,
23.2(15
618.880 ~620^1 "ieO.Tis
362,062
Total WSSk.,
Oat$.
bu$h.
8,372
75
9,000
"7,942
ll,S4l
4,700
8.016
3,479
43.275
8,571
nwn'rtNswi
8ain«tlmo'08..1,S67,814 1,763.623
Ifloi
Barley.
kutH.
tu*)i.
3,821
14.780
310
8.765
69.596
^87'612
158!l81
8,831
,,„oi,
7,033
"oi,123
74.876
roe destination of these exports for the week and since
July 1, 1908. is as below:
>no ur.-,
Wh$at.
Oorn,Bxporti for
Witk Sine* July
Wtek Sin** July
m*»k and tint* June 25. 1.1008.
June 85, 1, 1903.
JHly 1 tebbi,.
bbll,
bu»n.
Jnltsd Kingdom 73,886 9,335,V03
461.694
;ontln«nt
^ 13,0S9
S2.183
A 0. Amsrlea.
Viit Indies
16.6>7
10,806
2,186
S4,e04
M.Am. Colo'
tkei eonntrtei
"^^^^h'^'A;,""
rotal 1808-08....
^««><
Bin** Jniy
8»1.346
1,271,622
)
98, 765
629.981
4,6«3
160-128 14,380.165
858.062 16.682,601
160,128
4S6.492
60.657.408
1,867,814 121,008 965
'538 781
1,763:623
66,850.300
71,208,429
The Visible supply of grain, comprising the stocks in
{ranary at the principal points of accumulation at lake and
««aboard ports, June 25, 1904, was as foUowsfVlk*»i,
Do
Boston.
Baltimore
New
Orieani....
iBireston
Montreal
roronto
.,..
.
'77,006
188,000
07,000
113,000
J«t«,
bntk.
608,000
Fort William
Port AjnhnT
Dulttth
afloat
,. Do
Mlniieapoiii
"n.ado
'23,600
280.000
606,000
509,000
143,000
181,000
414.066
886, ddi
"a,b'o'6
64,000
1,000
'M,bo6
8,000
1,374,000
l,976.6ofi
603,000
452,066
866,600'
uejouu
S47i6'o'u
'4,660
l,S91,0iu
1.O88.OOO
1,202.000
B*ri*t
803,000
169,008
112,000
156,000
41,000
fl.OOO
afloat.
4Uwankee
00
afloat
My»,
140,000
128.000
814,001
86,000
788,000
afloat.
itiaago
Do
48,000
8,uue
S7,00(
afloat.
DeiroU
Do
188.000
afloat.
Toledo
uo
682,000
afloat.
PklladelphJa....
Oo
Corn,
kuik
inflalo
1
84,169
48,913
10,7'^,476
13,187
18,000
(ewTork
1 J'ly
873,608
1,113,6S0
9,876 601
*
1<',S35
'aw Orleans.
Norfolk
liiitir««t-
6
-
1,490
1903.
10.178,884
Flour,
bbU.
69,407
846,080
77.248
i.
J'ne 20
Bon ds.
$500
20 CoDsol. Wireless Teleg.
,,»«*?®'*P^ Co
$4 lot
J. H,
J'ly 14
Holders of reo. J'ne 30
J'ne 30 Holders of reo. J'ne 21
Auction Sales- My Messrs. Adrian H.
10
1
J'ne 30
J'ne 30
J'ne 30
J'ne 30
I J'ne 22
to
J'ne 30 J'ne 28
to
J'ne 30 J'ne 28
to
J'ly 16 Holders of rec.
J'ly 25 J'ly 16
to
J'ly
14
1
to
to
to
1 Holders of reo.
1 J'ne 21
Ang
'•
...
The exports from the several seaboard ports for the week
eadlng June 25, 1804, are shown in the annexed statement:
ir.
J'ne 24
1 [J'ne 29
1 J'ne 25
Payable to holders of certlfloates of beneficial interest.
11 OltlzeuH' Oent. Nat.
to
1
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
Aug
Ang
6
J'ne 16
J'ne HO
J'ly 3
J'ly 15
Holders of rec. J'ne 30
Holders of rec. J'ne 22
16!Ang27
S
600 Eastein CoDsolldatedOll
jl3
„„ Co
to
to
to
1
Sep
2
1
20,1415.518
1,773.1'44
••
'^altlmors
J'ly
1 J'ly 16
16
l!J'ne21
Teleg. (quar.)
(quar.)
J'ly
l^a J'ly
2
,
t
to
On dem
8
1
J'ly
J'ly
J'ly
J'ly
11
J'ne25
Aue 16
Great Western Cereal, pref. (quar.)
2
Greene Consolidated Copper
3
Internat. Button Hole Sewing Machine
J
Manfrs. Light. <fe Heat.. Plttsb. (quar.)
14
N. Y. «fe N. J. Telephone (qaar.).;..
14
Northwestern Gas L. <& Coke (quar.)
1
Nova Hcotla Steel <fe C, Ltd pf. (qu )
2
Pittsburgh Plate Glass, com. (quar.).
14
Railway Antomatlo Sales, com
1
*o
do
do
pref. (qn.).
„
2
Beece Button Hole Machine (qnar.)
2
Street's West Stable Car Llne,com.(aa.) 6U0.
tTemplelron
Texas A Paciac Coal
rec. J'ne
Tetslsraln....
Aug
Ang
2>Q J'ly
"""
niae*llan*oa*.
American Tobacco, com. (quar.)
do
do
pref. (quar.)
Bon Air Ocal & Iron, pref. (qnar.)
Consolidated Gas of N. Y. (quar.)
&
1
'
Commonwealth
Cumberland Telep.
J'ly
1^2 J'ly
2
J'ly
2>2 J'ly
li« J'ly
2
Sep
1»« J'ly
2»4 J'ly
'."
Twelfth Ward
Fire loMirance.
Holders of
T'ne
3
21,020,878
29,979.450
"
"
....
....
....
1,600
85,«1>J
891,133
2,366.493
1904.
hktM
Parley
\79.
1.760
2\a99
9.000
Total receipts at porta from Jan.
'oUowB for four years:
bulk.
ituK,
"""""^^ ^'^^""^ ^^'^ Orleans for foreUn
•ort^.Tt'h?oS2h°b°llli''onalln'^.*''*
iVkmt
Ave
k»<h.
23,296
479.077
1,801,136
.^rn
Alabama Great South., pref. A
Belt BR. <& Stk. Yds., Ind., com
24,69)
86,CO0
64,170
M$tH9t$tT—
Per When
Cent Payable
Company.
6l,l0-<
"3,571
'^'0«„
of
93-i
26,fc66
2S,000
Total wssk....
WaekiPOS...
58%
7,200
8
8.1C0
8,386
8,470
8,016
^•w Orltant*....
'•wport N«wi....
951s
10
aari$t.
638,600
62.H85
47,567
89,65*
130,000
78,506
i;9.iu4
2.5B8
26,8!i8
'itkmond
10
0«t(,
iuik
432.475
79.093
78.800
164.1 H3
48.879
kill*
10O.O76
80.385
S0,81t
34,946
3otton
Moatrsal
67I4
57%
fVH»tit,
«i««i»tt«t-
NswTork,
"^Hnw nor Bhnr*
^ame
ibt.
187
13.420
31%
146%
17
101 Is
591s
Phlla.*Bead
14
146
Bu.6e
128%
31%
371s
90
Phlla.*Read.,l8tpref.
94
12839
81%
I4I4
I46I4
211s
7314
2414
691s
351s
59%
81H
8LI>8
94
1271s
101 1«
59»«
pref.
Pennsylvania
96%
851s
67%
Securities
99
94
16%
a western
98
185
113
Preferred
38
..,
Nat.BR.ofbfez.,l8tprf. 38
m. Y. Oent'l A Badson.. II914
m. Y. Ontario A West's 26Hi
arorfolk
75
98
2lifl
Loolsyllle A Nashville.. 113»4
8I4
Mexican Central
Sio. Kan. A Tez.,com..
98
12718
361s
•38^*'
3%
74S8
721s
241s
135
3%
901)8
98 30
7414
94
60
1st preferred .... .....
Sd preferred
Illinois Central
3%
2688
907,6
Breadstaffg Flgrares Brought from Page Hi. —The
statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending June 25
and since Ang. 1, for each of the last three years have been:
74I4
12638
24i8
..^
Fn.
74»«
8388
93 1«
Preferred.... ..........
87ie
8%
A Santa re.. 74%
Preferred
98
8256
Baltimore A Ohio
Atoh.Top.
ThurB.
!6i8
26
9C6ia
901s
90%
901s
97-90 98-03
871*
871s
9795
97-76
8714
Anaconda Mining
Wed.
85
7,000
84'4,'6(>d
78,000
'
M.'o'do
59,000
1,000
38,060
44l,'o'66
"2'7,'d6b
498,1)66
6,888.0d0
"6i,o'd6
00
410,000
34,000
100. 00
i,ooo
146,000
14,000
'ii'.ooo
86,000
189,000
77,000
81,000
14,000
«88.oflo
eio.'o'o'o
iois'b'o'd
'26 006
16,00>v
240,000
17,000
711,000
Total June 26, 1904.,. 14.658 000
Total June 18. 1004.. ie..S4.S,000
5,4:14.000
4.777,0C0
4,037,000
4.665,000
1,6^5,000
10,780,000
at.LoBii
afloat
„ Do
180..
SaniaiOlty
Peoria
(ndianapolli
)iiMiiiUiippiBiTar
laLakes
' aanal and
river.
..
14,000
80,000
I
RR.
68
ToUi June
ToUl June
Total June
27, 1008.
17,459,000
28, 1002.. 10,780,000
29, 1001.. .30,793,000
5.123,000
6.067.000
6,6S7,000
15,l6:i,000
834,000
tt7
9,000
70t<,000
4H4,Ono
019,000
1.812,000
1.201.000
616,000
838,000
430,000
THE CHRONICLE.
86
New tort Cliy ClearlDf HoiiHe Banks.—Statement of
condition for the week ending June 25, 1904, based on average of daily results.
amtt two eiphert (00) in all
(»-«
BAJiKS.
Surplui
Cetpital.
lA)an3.
Now lork CUy, Boaton and
Lef/aU.
Phllsdelpiiia BunliH.— Below
summary
of the weekly returns of the Clearing House
Bcnks of New York City, Boston and Philadelphia. The NewYork flguree do not include results for non-member banks.
a
is
catet.
Specie.
[Vol. Lxxix.
We onM two ciphers (00)
t
DeposiU
Jie-
CkipitalAsturplus.
„...„,
BAKKS
,
Loans.
,
in all th*i* figures.
Oe-
Oircu-
posils.t
laHvn.
,
Specie.
Legals.
226,623,4
231,642,6
236,3«0,6
240,308,8
79,837,2
81,227.7
»3,006,7
88,912,9
^
_
Clearings.
f'M.
Bk. of N. Y.
Maiibat. Co
Merotianta'
Heoiianlou'.
Amenoa
Ptioonix ...
City
Ch«niioal ..
Meroti. fix .
GaUatm....
But. & Drov
Weoh.dbTra.
Greenwich.
Amer.Exch.
Commerce..
Mercanlile
Paolfio
2,000,0
2,060,0
2,WO,0
3,000,0
1,600,0
1,000,0
26,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
6,000,0
25,000,0
8,000,0
4'i'J,7
Cbatham
...
...
460,0
200,0
N. America
People's
......
2,000,0
3,000,0
1,000,0
2,550,0
500,0
\JiO0,0
1.00«,»
2,000,0
760,0
1,600,0
3,000,0
250,0
3,000,0
300,0
10,000,0
N.Y.Nt.Ex.
1,000, U
Bowery
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
Hanover
...
Irving
i#^V4en8'
..
Mar.&
FnjVi
Shoe<feLthr.
Corn
ffixch
Oriental
Imp.
.
...
& Trad
Park
East Biver
Fourth
Second
First
...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Ex.
Germania
.
Lincoln
Garfield....
Frith
Bk. ofMet..
West
Side..
Seaboard ..
IstN.Bklyn
Liberty
N. Y. Pr.
New
Ex
Amst.
Astor
Total
...
$
$
$
'i60,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
$
2,586,7
2,4»2,3
1.458,4
19,711,0
20.461,0
3,!i81,8
3,6<>8,8
20,606,0
a»,490,»
J5,«412,6
284,8
ZM-i.O
16,886,2 162,960,9
7,564,2 22,980.6
362,0
6,658,0
2,21u,4
8,4«0,3
120,4
1,824.2
3,»i80,0
356,8
530,0
2,589,9
4,075,6 20,304,0
11,786,0 170,'J8»,5
4,613,6 28,421,6
618,6
3,223,3
1,096,1
400,6
2,10«,8
6,706,8
1,0»5,»'
6,144,1
2,029,6
16,699,5
46,642,6
8,661,0
15,a»2,3
2,604,2
6,286,8
7,10j,5
30,200,0
7.183,4
23.849,0
69,976,0
1,113,2
22,458,6
9,126,#
648,2
313,1
1^(22,2
8*0,2
8,897,8
1,076,0
6,794,3
7,090,2
133,3
3,041,2
1,402,9
18,743,9 102390,1
873,7
7,691,2
767,7
3,110,0
063,0
4,646,1
524,3
3,458,7
4,0('6,6 42,269,4
8,6'^3,8
1,738,0
076,2
2,726,7
874,9
2,889.2
1.346,2 11,984,8
1,287,4
7,262,6
2,4h3,4
379,5
7,672,1
1,429,0
548.6
3,492,0
1,428,1 18,104,0
593,9
4,389,0
1,935,9 11,272,4
495,0
4,866,8
549,4
5,930,6
559,4
4,783,0
$
$
P.C.
8,603,0 1,603,0 19,401,0 26-3
11.197.0 2,»00,0 SO,S03.0 44-2
.^67«.0 1,3V4,3 18,860,2 26 6
4,816,0 1,973,0 21,076,11 200
5,456,4 2.2*3,4 26,871,6 K8-6
671,0
8.192.0 28-0
323,0
48,0ai,9 9,02a« 175,106,2 32-6
6,965,6 1,860,0 24,868,6 86-i
908,2
6,105,1 26-2
007,0
6,468,4 .i5-9
407,4
1,182,7
2,»14,8 26-8
664,6
4,920,0 34-6
475!
1,234,6
2.565,S 37-6
516,2
446,9
4,094,0 1,868,0 23.117,0 25-7
26,294,7 16,428,4 164,230.4 26 9
4,388,9 1,356.4 21, 0X5,0 27-2
521, ij
4,040.4 24-5
471.4
942,0
6,207,4 26-5
702,6
•2,679,3 320
312,6
54.M
2,805,6 1,83».7 10,026,4 26-8
11,883,8 3,824,7 67,20o,3 26-5
64i,5
0,074,0 .J4-5
846,4
2,684,3 2,508,0 18,04 4.1 2 IS
288,6
2,976,9 'ZLi
356,2
660,4
6,595,1 31-6
1,424,5
337,2
8,486,9 25 1
1,796,4
5,430,0 3,865.0 36,760,0 25-2
1,253,8
403.1
7,010,6 23-6
3,823,0 1,812,0 20,862,0 24-6
17,348,0 5,439,0 82,111,0 •i7-7
221.1
195,6
1,303,» 31-9
3,793,3 8,035,2 25,699,6 26-5
0,661,0 22-2
1,112.0 1,032,0
24,940,9 1,905,3 102,754,0 26-1
7,051,>i 25-6
1,285,3
525,6
533,0
382,0
3,721,0 24-6
964,6
482,2
5,799,2 i4-9
568,1
3,367,1 23-5
221,8
16,213.4 1.913,6 55,326,9 S'i-'/
2.283.2
333,4
9,557,7 27-3
200,0
3,380,3 26-6
666,0
419,0
862,4
5,138,8 24-9
1,382,9 1,864,9 12,900,8 25-1
7,506,5 27-8
1,§11,8
275,9
485,0
128,0
2,480,2 24-7
1,742,6 1,175,1 10,976,7 26-5
323,0
648,0
3,959,0 24-6
2,640,0 1,586,0 15,407,0 27-4
706,0
594,0
4,700,0 27-6
2,170,8
249,0
9,743,7 24-8
898,4
5,206,7 26-0
450,6
942,2
589,3
6,762,4 22-6
980,0
176,0
4,742,0 24-3
115,972,7 134,323,4 10668132 240,368,3 83,912,9 11433141 28-3
t
t
Total United States deposits included $23,366,600.
—
Reports ot Non-Member Banks. The following is the
tatement of condition of the non-member banks for the
week ending June 25, 1904, based on average of daily results.
iVe
omit two ciphers COO) in all
N. y.
J'ne 4 249,781,7
J'nell »!50,121,O
J^'nelS S60,2»«,l
J'ne29 2*0.296,1
«
62,666,4 171,857,0
63,e3«,4 171,006,0
6S,6Se,4 172.663,0
PUIa,
J'neU
15.774,0
17,0«1.«
17,071,0
48,167,1 102,120,0
48,167.1 191,466,0
48,167,1 192,764,0
J'nelS
J'lieje
Sixr-
008 omitted.
tal.
plus.
Invest-
Specie.
ments.
Notes.
»
236,3
100,0
296,6
300,0
107,6
100,0
80,0
200,0
Hamilton .. 200,0 129,6
Mt. Morris
250,0
116,3
Mutvial ....
186,0
200,0
I9th Ward .
188,7
200,0
Plaza
100,0 287,2
Elverside ..
106,7
100,0
State
100,0 656.8
12th Ward
200,0
23d Ward..
102,5
100,0
YorkviUe .. 100,0 283,8
Fidelity ....
200,0
Jelferson ..
400,0
Century ...
58.2
100,0
Wash. Hgts 100,6
United Nat. 1,000,0
ConAol. Nat. 1.000,0 1.1^7,5
Colonial
Columbia
..
14th Street.
Gansevoort.
im
2,197.2
3,680,0
1,472,9
2,101,5
3,074,?
2,404,6
2,627,7
1,668,6
8,016,0
1,136,2
7,182,0
1.^38,0
1,374,0
1,861,7
2.068',6
730,9
636,4
2,061,5
3,706,8
67.0
242,0
211,4
124,0
93,2
17.6
180,3
144,9
24,7
34,1
92,0
10,5
450,0
51,0
52.7
27,1
10,1
9,8
33,8
l2,8
226,3
274,6
89,1
178,0
99.9
95.2
204,0
132.8
87,0
106,2
281,0
221,0
148,0
188,8
5l,3
80,7
34,0
28,4
58,0
46,4
Net
Other Deposits
Agent. Bks.dc
Glear'g
$
394.5
260,0
310,6
170,9
81,9
216,3
142,8
316,6
621,0
75,3
339,0
148,0
160,5
477.9
65.8
214.1
63,7
148,6
105,8
633,2
$
572,8
3,5
300,0
61,2
300,0
66,1
309;7
241,8
945,0
16.0
167,0
143,6
137,0
125,0
$
3,087,6
3,720,0
2,131,0
2,366,0
3,499,7
3,083,8
2,733,2
2,158.4
3,453,0
1,390,1
8,645,0
2,232,0
1,794,5
2,a96,0
810,4
1,997.1
850,3
556,5
1,233,8
2.431,5
BOTOUHh 01
Brooklyn.
Broadway
Brooklyn
.
..
Mtr8.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
..
Nortli Side.
Peoples
17th Ward
.
SpragueNat
Union
Wallabout
Borough ...
Borouyh ol
.
150,0
300,0
253,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
334,6
167,6
552.0
396,5
63,6
766,8
604,2
174,1
180,2
8(^,9
249,8
116,6
83.1
88,9
2,175,8
1,683,2
8,301,1
0,964,8
1,134,5
5,161.0
3,217,0
1413,2
1.362.4
646,3
1,172.0
1,088,5
824.3
1,536,4
17,9
106.6
^^•l
210,8
12,7
200,0
136,0
13,5
53.7
11,3
116.0
41,2
61.1
25.3
157,2
58,5
90,0
783,9
61.9
358,0
384,0
88,9
141,6
50,3
36,5
82,5
33,1
114.0
111,5
786,4
67,6
400,0 1.063,5
3,792,9
182,9
250,0
250,0
200,0
654,9
278,6
288,1
2,101,4
l,OM6,5
1,376,0
83,7
66.1
48,2
110,0
125,0
539.7
163,8
2,213.5
1,230,8
139.8
33,5
100,0
10,0
'"•'•
.
Second Nat
Third Nat..
89,669,3
105,465,0
103.818,8
;
-
'
FOKEIGN IMPORTS.
J''or
week.
1904.
Dry Goods
General Merchandise
Since Jan.
1903.
1902.
1901.
$1 643
283
$1,948,959
7.624,233
$1,905,328
8,168,089
$8,199,017
7,970,231
$9,568,192
$10,073,417
$10,160,348
$11,623,700
$59,002,876
232,399,019
$66,803,190
227,032,288
960,338.849
207,179,961
$51,506,990
334,730.144
TotaL
9,980,417
1.
Dry Goods.
General Merchandise
Total 25 weeks
$291,401,895 $293,835,428 $267,505,310 $5(76,237,134
of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 27, and from January 1 to date.
The imports
NEW YORK
EXPORTS FKOM
For the week
Previously reported..
Total 25 weeks
FOR THE WEEK.
1904.
1903.
1902.
1901.
$8,605,658
226,411,424
$9,819,286
241,142.32*
$8,214,191
230,187,973
$9,468,192
252,869.104
$234,017,077 $250,961,609 $238,852,163 $361,837,296
Note. — As the figures ol exports as reported by the New York Custom
House from week to week frequently show dlrereence from the monthly
totals, also compiled by the Custom House, we shall rroni time to tune adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending June 25
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
Week.
NEW YORK
IMPOKTS.
283,3
252,2
611,6
565,5
80,8
847,0
801,0
88,0
291,9
66,6
198,0
107,3
44,2
159,6
24,3
60,7
70,0
27.0
266,0
265,1
133,5
108.3
30,0
625,0
162,8
77,7
2,273,2
1,825,9
3,906,0
8,499,5
1,186.5
5,258.0
4,232,0
1,280.1
1,703,9
143.3
Germany
West Indies
6,769,0
72,9
14,8
102,6
212,6
247,2
779,2
241 .5
14,1
1,939,7
1,034,3
2,082,2
24,8
41,0
204,6
78.0
240,2
4,9
108,1
Since Jan. 1,
1,358'804
76,735
2,036,125
2,000
2,000
3,500
$2,047,346
1,410,933
1,633,780
457.363
49,220
604.081
47,623
.
...
$118,247 $64,416,26ti
25,317,233
16,920.166
$128,248
398,230
18,898
$6,250,334
3,434.790
1.261,524
$4"37i
7.205
1,905
8.746
98,191
281,038
63,861
2,035
$105,247
2,000
5,000
All other countries
Total 1904
Total 1903
Total 1902
88
4,250,429
2.000
.Silver.
Great Britain
France
Mexico
South America
AH
$535
$505,015 $18,861,093
301,569
25,800
143,608
Germany
West Indies
48,«Oi
"slsbo
1,356,100
9.653
other countries
Total 1904
Total 1903
Total 1902
S
510,315 $20,746,407
16,466,78V
455,440
216.895
17.111.990
$466,414
815.619
669,529
.1^11.476
3,141
13,458
Of the above imports for the week in 1904, $33,520 were
American gold coin and §955 American silver coin. Of the
exports during the same time, $34,347 were American gold
com and $
were American silver coin.
Auction Sales.
—See page preceding.
^auMug
atitl
|;inanciaL
Spencer Trask
&
Co.,
Bankers,
NEW
WILLIAM & PINE STREETS,
YORK.
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Cold Bond, paying tiie investor 0%,
789,6
353,1 1,443.5 1.289,0
Week.
1.
$19,637,476
41,306,126
France
735,6
1,209,0
1,629,9
938.9
1,709,6
Since Jan.
Great Britain
INVESTMENT SECURITIES.
Members N.
Y. Stock Exch.anBe.
Moffat
HOBOKEN.
First Nat...
Second Nat.
228,093,0 11,530,0
M81, 542,0 11,608.0
231,786,0 11,838,0
;
Hu<t.son Co.
National
13»,^63,8
122.827.1
Iiuporta and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
June 23 and for the week ending for general merchandise
June 24 also totals since beginning first week January.
Jersey City
First Nat...
110,8-
•'
Richmond..
l8tNat.,S.l.
l,O68,t04,3
t Including for Boston and Philadelphia the lt«m
due to other banka,""
and also Government deposits. For Boston these Government deposits
amounted on June 25 to ^,750,000 on June 18 to $3,760,000.
Mexico
South America
$
7,399,0
7,400,0
7,370,0
cases.
N. Y. City.
Boroughs ot
Man&Br'nx
JJ8.97(1,1
EXPOKTS.
Leg. a.
&Banh
11433141
7,061,0 810,082,0
7,»78,o a9i,472,0
7.465,0 216,370,0
62,497.0
64,dSO,0
64,101,0
Deposxt with
Capi-
907,809.4
979,612,0
IVi'Mili!) 38,762,8 1,046,673,0
Bo«.
J'nell
J'u«18
J'n*9»
Gold.
BANKS.
10987989 37,282,0
11093 413 3H,0««,0
2,293,5
1,311.2
Branch
Office. 65
State
St.,
Albany,
& W^hite,
members New York 8toek Bxcbange,
1 NASSAU STREET, CORNBR WALL,
jDcaiers In Investment Secaritles.
Tot.J'neC5 9,387,0 116603 89.369,5 3,983,5 5.503,7 122184 7,234,8 1021774
Tot.J'nel8 9.387.0 110003 89,300.3 4,174.2 ,5,491.7 140164 7,29f»,!> 1049866
Tol.J'nell 9,387,0 112799 89.195,2 1,206,9 3,781,7 143645 6,799,5 1045425
TeU
582:'»82l Cortlandt.
Telephone Stocks a 9peelaltr<
.
July
THE CHRONICLE.
2, 1904.]
87
—
State and Railroad Bonds. Sales of State bonds at the
Board are limited to $20,000 Virginia 6s deferred trust
receipts at 63^
For JHvidendi lee page
STREET. FRIDAY, JCI^Y 1, 19U4.-3 P. M.
The Money Market and Flnaneial Situation.— There has
WAL.L.
been no material change in the financial sitiiation or the
prevailing sentiment in Wall Street during the week. Both,
therefi re, remain substantially as heretofore noted, and,
aside from a steady absorption of high-grade bonds by investors, business at the Stock Exchange is almost wholly
of a professional character.
Previous reports as to the favorable condition of the growing crops have been confirmed, and in some cases, notably
that of cotton, estimates are several points higher than last
month. It is also stated that in some sections the winterwheat crop is turning ont better than had been expecte^l,
the Southwest may have interfered
although wet weather
somewhat with the harvest now going on.
The leading journal representing the iron and steel trade
reports "the outlook much more favorable than it was six
months ago" indicating that in the opinion of those best
informed the limit of the current depression in that industry
may have been reached.
There has been a little firmer tone in the money market,
especially for time loans, but the demand has been limited
and actual rates are practically unchanged.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to 1>^ percent. To-day's rates on call were IJ^ to
Prime oommeroial paper quoted at 8}4 per
1}4 per cent.
cent for endorsements and 33|@4 p. c. for best single names.
The Bank of England weekly statement on Thursday
ghowed an increase in bullion of £172,121 and the percentage of reserve to liabilities was 4r92, against 51 '82 last week,
the discount rate remaining unchanged at 8 per cent. The
Bank of France shows a decrease of 13.925,000 francs in
gold and an increase of 3,075,000 francs In silver.
The New York City Clearing-Houae banks in their state
ment of June 26 showed an increase in the reserve held of
$4,908,300 and a surplus over the required reserve of
5f
for railway
s.
The market
Sj.
bonds has been firm on daily
transactions averaging well under $2,000,000 par value.
prominent feature of the market has been a steady demand
for investment issues, resulting in large sales of new Cuban
and Japanese issues in the unlisted department and a tendency to higher quotations for all high-grade bonds. The
volume of business seems to have been limited chiefly by the
paucity of offerings. There have been practically no exceptional features. Nearly all active issues are fractionally
higher, and the business has been much more evenly distributed throughout the list than usual.
A
United StatfHg Bonds.— Sales of Government bonds at the
Board include $1,000 4s. coup., 1925, at 183, and $3,000 4s,
reg., 1907, at 106%.
The following are the daily closing
quotations; for yearly range see third page following:
m
week.
188,453,675, against $:^>H,H89,875 the previous
Difftrtneti
im2
1903
June 37
June 35
June as
116,»72,700
134,828.400
dlsoountB
l,06e.tll,200 Ino 17,128,400
IiOMiB *
38.970,100 lao
OlroQlatioB
217,800
109 822,701
138.069 Sr>r
913.740,800
•1,143 SI4 100 IBO 21,301,61)0
240,3«H 3u0 Inc 4,001,000
908.7)9 9)0
76,088,6'Xi
83.872,700
106.458,000
893 871 800
31.466 000
966,899,400
173.634.600
78,801,200
6,326,4)0
338.863.800
226,828,960
281.936,700
238,967,360
417.200
12928,850
12.978,360
C&yitai
Saxpios
]C«t deposits
iSpeele
..
Legal temders
88 912,900 Ino
Reserve held
deposits
324.281,200 IBC
286,838526 lao
BnrplTU reserve
38.462.676 De<
K
p. 0. ol
906,200
4,908,2 «
44.1ISS,0OC
168,770 2 JO
$23,866,608 Onlted estates leposita Inelnded, agalast t23,420,700Uat
week and $87,226,300 the oorTespondiiiK week of 1903. Witb tkeae
United StotesdepositBellmlmated, thesarplnsreserre weald be $44,294,326
on June 26 a*d $44,725,060 »i. Jane 18.
Mora.— BetTimsof separate banks appear on the preoedlng page.
la,19S0
—
payment,
4
.
.
-L«nf
SttrUng Actual—
4 8686
« 18640
Low ... 4 8620
« 4 8630
Pmrit Sanktri' Franet—
I
I
Hl«h...
I
6 18»s*
LOW...I6I8S
9 iil^*
»617'a*
-C*bl**.-
-SJi»rt.I
4 8730
4 8736
4 8770
|
1 8710
4
8716
4 8740
I
|
16V
6
6 lO^.t
-a
9
4 8776
4 8746
6 le^at
eie^a
Oermmny Bmnkert' Markt-^
High...
1
liOW....
I
96»i8
96
«
«
AmtU/rdoMi B anker
High...
Uow...
liess:
I
.
I
40'«51
40»«fl
«
«
Oe",
96ii«
t'
96>2
95»at
«
»
B6»ist
96»a
I
40»i«**
•
40»ietl
I
I
40»ie1i
40»i6*
I
I
I
Ouildtrt—
408i9*
40»i9*
26
Q— Jan
* 16478
June
38
June
37
June June
ay
30
Julu
*10478 •104^ *104'4 *104»4 •104*4
*106S^ no688 •106>« •106i« *106'« £04*4.
Q-Jan
......
coupon Q-Feb *106 *106 *10» •106 *106
registered Q-Jan loo's *106i. 106»8 *lC6i* *106^
1907
coupon C;—Jan -XOl^ •107 >« *107>4 •107'* *107J,
1907
registered C -Feb *182»« *132Vi *182i4 *133>4 '1S2»«
is, 1936
coupon
Feb 183 *182»8 *182"b *1S2'^ *132»8
is, 1926
"Thlals the prloe hid at the morning hoard; no s«(« waa made.
88,1918, small
is,
is,
Q—
i'oT"
".06^
206'*
'183>«
Railroad and Mlscellaneons Stocks.—The stock market
has been dull and prices generally fluctuated within a narrow range throughout the week. The largest volume of
business was recorded on Monday, when upwards of 167,000
shares were traded in but the amount fell off on Taesday tonear the smallest of the year, and sales have averaged only
about 120,000 shares per day.
Canadian Pacific has continued to be the strong feature,
stea-iily advancing until to-day, and recording a net gain of 15g'
points. In sympathy with this movement, Minneapolis St.
Paul & Sault ^te. Marie preferred advanced 1 point. The coal
stocks have also been strong, and New York Ontario & Western and Manhattan Elevated show a substantial advance.
Metropolitan Street Railway has been exceptional, covering
a range of nearly 10 points and closing 5^8 points higher than
On the other hand, Baltimore & Ohio and Union
last week.
Pacific have shown a tendency to weakness.
The industrial issues have been more or less irregular.
Phoenix Mining fluctuated between 17 and 28, closing near
the later figure. General Electric moved up easily on bids
for a comparatively fe^v t-hares. Anaconda Mining declined
nearly 3 points. Smelting & Refining has been strong and
Amalgamated Copper steady.
For daily volume oj buatr^ess see page 96.
The following sales have occurred this week of shares net
represented In our detailed list on the pages whioh follow»
STOCKS
Sndint July
Weeit
A.lll8-0halmers
1
Go
Preferred
mer Agrlcul Ohem., pt.
Am Steel
VounOrles
Preferred
Amer Tobacco Co. pret.
Consol Gas— City Bank
Salei
)vr
Bmngt /or Week
Wuk
40
110
60
9,910
8SJ'ne26
42Wne36
3 Wne30
7»'«J'nel8
S^jJ'neie
42>«J'ne36
73>«J'nea»
S'^J'nei*
28 J'nea7
27 J'neSO
160 138iJ'ly 1 140 J'ly
62fl
S»ng4 Hnee Jan. Z.
1
6 Mar
39>9MaT
72 Apr
SHiJ'ne
16 Feb
64^8 Feb
76^ Jan
6
Jan
27 J'ns 3819 Jan
18«i«Fek 140 Apr
recpts for oonrert 6s..
17 17138J'ly 1 172 J'neSO i7iM'iy 172 J'ne
General Eleotrio rights.. 7,949
6»4J'iie27
67(J'ne8
4Wne e'tJ'nfr
40 8934J'ne27 8934J'ne27
3»»4J'ne 41 Feb
210 400 J'neHO 406 J-neSO 400 J'ne 406 J'ne
21 144 J'neiO 146 J'neSO 140 Feb l60 Jan
N Y * JS J Teleahone...
Phoenix Gold Mining... 72:i00 16 J'ne25 29 J'ne29 •ij8 Mar 29 J'ne
N Y l>ock Co. pref
New York <& Harlem
BB
Seenrltles
111
Cent'I
stock trust certificates
100
92HJ'ne30
92>«J'neS0
86
Feb
98
Ma7
Oatside M*rket.— Very
843^@4 84^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18^«5 17^* for long and 5 16%*@6 16^t for short.
Germany banker*' marks were 95 1-I6#t5i^ for long and
Amsterdam bankers' guilders were
953f^t®95V^ for short.
*0i^Tf940 3-16* for long and 40 5-16U@4()3^* for short.
Exchange at Paris on London to-day, 25 f. 20o.; week's
range, 25 f 20^^ c. high and 25 f 20 c. low.
The week's range for excharge rates follows
High...
June
Ptricdt
Q-Fei) *i()6»« *i08»4 noiK *i06»4 *io6». teloS'
Ci-Fet *106 *106 *106 *106 *1C6 '10&
•• •
, ,
• •>•
88, 1918, small.reglstered Ci-Feb
*
Forein Exchange. The foreign exchange market opened
strong, but it grew easier after Tuesday in consequence of a
lighter demand for remittance than was expected.
Xo-day's (Friday's) nominal rates for sterling exchange
were 4 86 for sixty day and 4 88 for sight. To- lay's (Friday's) actual rates for sterling exchange were 4 8530 ^
4 8540 for long, 4 8710®4 8715 for short and 4 8740@4 8750
for cables. Commercial on banks, 4 85(94 8510, and doonments for payment, 4 84i^^ 84 Jg. Cotton for payment 4 843^
@i 84%; cotton for acceptance, 4 85@4 8510, and grain for
registered
coupon
Is, 1980
ta, 1930,8maJ.regi8tered
small
coupon
Is, 1980,
registered
SB, 1918
coupon
8s, 1918
Inttrtsi
«
I
|
*ii,otl%. r»8*ofl%. *»8«oTl%. Plus: 11»ieOtl%. ••'MOtll^
The following were the rates for domestic exchange on
^Tew Jfork at the under-mentioned cities to-day: Savannah,
l2>^o. per $1,000 premium; Charleston, 25c. per $1,000 premium; New Orleans, bank, 50(3)400, per $1,000 discount;
ijommeroial, 75c. per $1,000 discount; Chicago, 25c. per
11,000 premium; fat. Luuts, 65c. per $1,000 premium; San
Francisco, 75o. per $1,000 premium.
market
in the
little interest has been manifested
for unlisted securities this week. Trading
has again been on a small scale, and outside a few prominent
issues price changes have been narrow and unimportant.
Interest continued to center in luterborough Rapid Transit
stock the price of these shares declined a point to llOJ^ in
the early part of the week but subsequently it rose to 123, at
;
figure the last sale was made to-day. Southern Pacific
preferred stock " when issued " has been very quiet,
sales being reported on only one day during the week
th©
price at which this sale was made was 115, a decline of ^^
from last Friday's closing the " rights, when issued " have
sold between 3ig and 3. Seaboard Air Line common advanced from 7}^ to 85g, while the preferred moved up -^^ to
15^. Dealings in Northern Securities stock have been extrimely light, total transactions lor the week aggregating:
orly about 700 shares the pric<- ranged between 991.^ and
Standard Oil stock
98J/^, and the last sale was at OSj^^.
dropped 7 points to (125)^ in the early trading, but later it
recovered and to-day s Id up to 631i^ the close was at 630i^,
Electric Boat common sank 2 p ims on Saturday to 43, but
later in the week it rose to 50>^
to-day it reacted again ta47
after a drop of 4 points to 71 the preferred stock ad-
which
new
;
;
;
;
;
;
78.
Japane&e 6s advanced from 93^ to 94}^. New"
York Central debenture 4e " when issued " have risen from
981^8 to 98%.
Greene Consolidated Copper fluctuated between 15 and 14^4^, closing to-day at the low figure.
vanced to
Outside quotations will be found on page
96.
New York
Stock Exchange -Stock Record' Daily, Weekly and
Yearly
"
0<:(;ilPVl\-<: 'pvvri
I'ikiivM
OCCUHYINJ;
TWO PA(iBvS
jBTOCKS-HJUUKST AND LOWEST HALK PRICES
Saturday
June as
26
22
•SO
•
Mondaii
June a?
• 22
Tiifxdau
Wfdnetday
Junt jg
June as
26
63
22
60
73
72'«9
26
63
•22
•50
Thursday
June 30
22
26
63
!<T(»CK!S
NEW YOBK
J<Tiday
Half I
STOCK
July 1
26
•
01
ttu
»
Jiange /or Year lUOi
Hange tor lyeviou4
01 WO-iltare Lola]
yeerr fJUOSj
On batU
Week
Lowest
S/iarei
Ann
Uo
22
27
64
7234
9334
727, Atch.
UiyheMl
Hlgtifl
Loxoetl
lUiilroads.
ArOor.
27 Jan 22 27 Jan 22 26 Dec 41 Jan
{493. J'ue b {6 4
Feb 1 64 4 Dec 69 Jan
36,026 ' 64 Feb 2 4 754 April
64 Aug 897„ Jan
93
Do
pref
•lOD
7,119
Jan
&7»8
noil
1
96%
J'ne29
10!) u,
81\ AOK lOSigJan
105 1071.. Atlantic Coaat Line BB
8(1 <« S0'<
60 104 4FeblS 1104 Jau 2i. 106 Dec 126 May
79»8 81)1,
791a 7!I3^
79'\, 793^
7934
797,
797. 80 '4 Baltimore <& Ohio. .
JI11.J Ol^j
7,346 7278Marl4 857, Jau27 7118 Sep 104 Jan
•iU
•91
i)2
92
91 la 91 la •01
92
•914 92 4
Ko prof..
48'4 4^«,
476 87«8Febl9 92 Jan 28 82^4 J'ly 9634 Feb
47'g 48'..
47^8 483f,
4818 4812
48 4 494
49
49 Brooklyn Rapid Transit.. fiO,350 38 Fail 2
•r23 128 116 128
'121
52 4 Jan 2 29 4 Sep 71 4 Feb
138
124 128 -124
128 •123 128 Kullalo Koch. <% Pittdb'g.
•J3U
•132 150
1184 Mat -z 127 Jan 12 121 Not 160
'132 160
•132 150
•132
Feb
160
•132
160
Do pref
*H5
87
SJOh 8(>'s •85
{l"R4J'ne2.i
{I-33 4J'ue2l 140
87
'85
Sep 160 Feb
87
86''8 86 'i
Buffalo & snatfue, prej...
12>«gl23'» 123 l^^.^\ 123»8l24i8 12441244 1-2434
1.^00 86'8J'ne t 8678J'ne'-i7
125
4
/ lauadlan Pacittc.....^,
Ci7'4 67Si {07>u Cl^j •671* 671a
21,410 10»4Mailii 125 4J'ije30 USOgOct 13334 Feb
671.
67
•6534 06
•6578 60
V Canada Southern
•101 1C'2\ •101 102^. '161 16234
440 64 Apr;^9 08 4 Jan _ 57 4 Sep 734Jan
^,
161 1624 161
lGl«fe •161
162 Central of New Jers«y...
'31
Sli< •3034 31><
770 164 "s Feb 20 163-'4 Jan 19 153 Oct 1^0 Jan
•30i« 31 14
3034 30
307, 31
314
Chesapeake
*37
313ki
38>8 •3U1.J SS
<fc
746
Ohl»...
38VMarl4 30 Jau 28 27 4 Nov 634 Jan
*;i6'a 3818
37 14 38
3734 3734 374 334 Chicago <fe Alton
400 33 Jan 15 40 Feb
78>a 811,1 •TSiu 80>2 *78
8OI2 77
80V •77
184 Sep 374 Jan
77
804
81
Do
•180 ....
pref
'180
75
Jan 2 854 Jan 21 60 Sep 754 De»
180 ....
180
'180
180
Chicago Burl & Quiney
.•121 140
{181
Jan
Its a82 Jan 14
'121 140
{170
J'ly J 184 Mar
131 1112
liL 14U •121 110
'121
140 Chicago* East. iiL.ppef.
124 Feb 11 iViS Mar24 105 J'ly 1384 Jan
'ISHj 14
13^8 14
•1334 14
'134 14
134 13\
137g 137, Chicago Great Westeriiv"Slia 84
CdO
*81 "a 84
1278J'iie
8
1734
Jan
22
13
Aug 29<4Jan
-8I1.J 84
84
•814 84
•814 84
Do 4 p. c. debenturros
•53
66
*53
83 4 Feb 5 86 4 Apr 12 834 Sep 90^e Jan
53 65 *814
56
63
53
{5278 527
'524 66
Do 5 p. c. pref. "A"..
•21
166 47 4J'n« 6 71 Jan 23 e» Oct 854
25
21'^ 21 7t •201a 2II2
Jan
21
21
'19
211.
22
25 Do 4 p. c. pref. "B"..
143i<U3»» 1421.^14314 I4214I4212
1,950 20 J'ne 6 31 Jan 21
24 Isep 46^ Feb14214 14276 14234 I43ag 143 4143 4 Chicago Milw.
•177 178
17,374 137 4Feb24 1434 Jan 2'-' 1334 Aug 1834 Jan
<fe St. Paul.
177 178
177 17S
178 178
177 17s
178 4178 4
Do pref
43(1 173
Mar 4 180 Aprl2 168 Aug 1944 Jaa
•167>al71
170 170
17034 17u34n68 Is 1704 '16S41704 170
170 Chicago <fe iS'orth Western
53H 1614Marl4 l724Mar2H 153 Sep 224 4 Jan
219 4 219 4 215 220
21c 219 4
Do
prof
100
207
Fob 8 2194J'nelO 190 Aug J50 Jaa
135
135
(Jliic. Rock Isi'd & Pacific
{130 J'ne 6
isVr'iko" '134 139
37 May 7 132- Oct 200 4 Jan
133 140
'133 140
133 140 Chic. St. P. Minn.
133 140
135 Mar2^ L45 Jau2i 117 J'ly 1(52 Jan
•173 180
&
Om
173 180 a73 173 173 180
1704180
170 ISO
Do pref
25 {165 Apr 2!? 176 Jan (J {165 Not 194 Jan
•6
^' ifi-'i
U3<
'6
6
6
*6
634
•6
ti»4
Tenu'l Transfer
loo
5 4 Jlay24 1234 Jau 16
8 Aug 197s Jan
15
15
1434 16
*15
16
15 16 Chicago
15
15
Do pref
210 134ilay27 264Jan 15 15 Sep 36
•oi*
6<^
Jan
ii
64 •64 6
•64 6
•64 6 Ciliicago Union Traction.
200
4 4 Feb 20
7-4 Jan 4
3 May 17 4 Jan
Do
"7*1*
pref
29 May24 3334 Jan IS 30 May 5934 Jan•69 -7f
*69
70
69
•69
*69
71
•69
71
71 Cleve. Cm. Chlo. <fe St. L.
634 May It 8O34 Jan 22 66 Aug 9938 Jan
»101 110
'l5l 110
•1024110
100 110
101 110
100 110
Do pref
100 Feb 8 1104Marl4 112 Dec 119 Jan
1(3
16
15^8 16
1578 1(5
•1534 104 •154 16
16
16
Colorado
&
910
so.,
vot.
trust
134 J'ne
19 Jan 12 10 J'ly 314 Jan
•48'2. 49
•48 V, i'J
H834 4334
484 484 4834 4834 •484 49
Do Istpf. vot. tr. ofs.
282 48 J'ne 1 68 4 Jan 2
444 Aug 72 Jan
2n
20
2038 20 12
20
20
2038 20^ §204 204 •20
204
Do
2d
pf. vot. tr. cifs.
1,06(*
177gj'ne
7
2838
Jan 22 17 Aug 48 Jan
^15
^lobh. 155^4 155 I551.J 154''al554 1554 15534 15534 15634 15638 1574 Delaware <S> Hudson
9,012 149 Marl'.^ lii8 4Jan2i: 149 Aug' 183 4 Feb
•270
270 272
270 272
270 272
270 272
270 272 2654 270 4
elaw. Lack. <& West'li.
2504 Feb 23 ^7534 Apr 7 230 J'ly 276 4 Jan
.'2034 21 14
•2034 211,
21
21
207, 207e
204 214 *20i« 214 Denver <fe Rio Grande
300 18 Marll 2339 Jan 22 18 Oct 43 Feb
~
•TOi-i 72
a;69H 69^ '674 674
•65
69
'66
69
70
70
Do
pref
240
644 Feb 24 74 7g Jan 22 62 Not 904 Feb
•17
•17
20
17
•17
20
20
•17
•17
20
20
20 Des Moines & Ft. Dodge.
19 4 Jan
24=8 Jan 22 1'.
Sep 474 Jan
•2
134
14 134
24
3
«34 34 •2
Detroit South. vot. tr. ctfs
1,705
14J'ne27 1434 Jan 2a
734 Aug 20^8 Jan
234
334
34 4
41,
34
44
4
5
433
5
Do pref. vot. tr. ctfs. 6,056 234 J'ue27 29 4 Jan 25 14 Nov 3934 Jan
4-3t
•6014 63
•GO
'604 63
•604 62 4 '60
•6034
63
62 4 Detroit United
604J'nel6 67 4 Jan 22 56 Oct 90 Jan
•5=8
5»8 7
•5»8
7
•4«»
•5=8
7
Duluth So. Shore i& Atl.
5 4 J'ne 3 104 Jan 22
7 Aug 19 4 Feb
10 124 '114 124 •114 127 •114 127 •114 124
•111*
Do
pref
934 J'ne 4 1034 Jan 2a
10 Not 2938 Feb
23^8 23^6
2308 23 '8
234 233,
2338 233,
2338 2334
2334 2334 Erie
214Mayl6
6,716
294 Jan 2 23 Aug 423g Jan
58I4
5858 58^8 *58'-4 58'..
583.
58
634 5S4 68 4 5334
Do Istpref
1,730 55a8May31 6934 Jan 2(
62 4Apr 74 Feb
•35
•34
I" '844 354 •344 354 84»g 35
351,
354
Do 2d pref
200 33 May 16 50 4 Jan 2 44 J'ly 647eFeb
*50
*50
•50
•50
54
54
•50
*o0
54
54
54
55
Evansv. & Terre Haute.
57 Apr 20 664 Jan 2V 39 4 J'ly 724 Jan
*70
'70
•70
'70
78
70 78
78
78
78
Do pref
72 Feb 23 72 Feb 23 78 Aug 91 Jan
•40
*40
51
'M 6-1 *40 51 •40 51 •40 61 Ft. Worth&Den. C.stmp
40 MByl2 54 Feb 3 31 Sep 7434 Feb
•163 176 168 176 *168 175 •165 175
165 175
166 175 Great Northern, pref
170 Marl 7 186 Mar23 160 Oct 209 Jan
Green Bay<feW..deb. ctt A
72 Mar24 79 78 Jan 7 73 Deo 85 Jan
Do
del), ctl. B
11 J'ne 1 15 4 Apr 6 10 Aug 27 4 Jan
•63
'62
•62
67
*60
64
•61
68
67
i64
67
64 Hocking Valley.
50 60 May24 77 4 Jan 22 63 Sep 1064 Beb
•80
•80
83 4 83 1< §834 831
'78
•78
86
85
81
80
Do nret
120 77 Marl2 85 Jan
77 Oct 994 Mai
131^4 132
13134 132
132 132
13134 132
13178 132
13176 1324 IUinois Central.
3,567 12534 Feb24 13434 Jan 2s i254J'ly 151 Jan
I8I2
18 '8 •li?
•IS
18 4 18 4 'IS
184 IS
184 18 4 184 owa Central
310 14. J'ne 4 22 '8 Jan 8 16 J'ly 48 Jan
•33
*34
•34
*34
35
35
36
86
36
36
36
Do pref
125 32 Feb 25 42 Jau 14 304 Oct 773t Jan
*25
•25
•23
'25
•25
'25
28
28
28
28
28
28
22 4 May 9 29 Jan 21 254 Oct 47 4 Jan
Kanawha <& Michigan
""206 64 J'ne 1
•65
•65
•66
66
•654 67
66
67
66
67
67
a.Ft.S.<feM.,tr. cts. pld
4
704 Apr 12 62 4 Oct 8234 Feb
21V, 21>2 •^14 213,
•214 2134
21
21
214 214
2138 Kansas City So. vot. tr. ..
400 16 4 Feb 24 214J'ue'23 16 4 Oct 364 Jan
434 434 «424 421,
42
42 4 42 >4
42
•i^-a 43>-j
42 4
42 \
Do piet. vot. tr. ctfs.
945 31 Feb29 43 4J'ne22 29 Oct 614 Jan
•121-2 14
•124 14
•124 14
*12 4 14
'124 14
14
104.Janll 1936 Apr 12 10 Oct 40 Max
<& Des Moines...
'47
'47
•47
'47
•47
47 52 Keokuk
52
52
52
52
52
Do pref
45 4 Apr 7 62 Apr 12 48 J'ly {55 Apr
•25
'25
•25
•25
25 27 Lake
27
27
26
27
28
Erie & Weetern.
26 alarll 304 Jan 25 23 4 Not 53 Jau
*85
•80
'»5
•85
85 90
90
90
90
90
90
Do pref
85 J'nel7 ^95 4 May 24 89 Not 118 Feb250 275 250 275
250 275 *250 275
250 250 L. Shore & Mi(sh. South'n
,250 275
100 {250 J'ly 1 {27134 Feb 24 276 Dec 3344 Jan•-42
42 50
'42
•42
42
50
50
4J
50
50
50 Lon^ Island
46 Mayl7 65 4 Jan 2 49 Dec 83 Jan
l:oi 1101, loysjlio
10934 ioy34 109-38 1094 1094110
110 1101, Louisville <fc Nashville.
Fel>23 111 4 Jan 22 95 Sep 130 4 Jan
5,093 101
148 Hi 148^4 147 4 148 14 14 s 4 148'->6 14S3Bt483^ 14s7e 149-38 149 4 150 4 Y I anUattan El6vate(i
12,385 139-34 Marlii 1504 J'ly 1 1264 Sep 155 4 Jan76 4 77
77
78^8 793^
7G'^4 76'4
76 4 76''<
79
794 8434 i'ietrop. Secur., sub. rec. 14,800 24 Mar 14 92 Jan 21 70 4 J'ly 1287gJan
lu634ioa>4 10778 1096, 10878 111
111 1114 1114 1164 AletropolitaJi Street
107 Si 108
110,756 10434 Marl 4 124 Jan 2 9978 Sep 1427eJan.
Met. West Side El. (Chic.)
16 Jan 15 174 Jan 4 17 Dec 33 Jan
Do pref
45 Mar 9 50 May25 614 Dec 83 Jan
/"8
'•'4
706
734
7^
734
8
778
S"*
734 Mexican Central
84
5
Apr 23 144Jaull
4,200
77e
84 Nor 29 Maj
125 136 *120 130 120 130
125 140 125 135
123 135 Michigan Central
{1194 Feb 1 133 Feb26 102 .May 136 Jan.
.* 433» 4334
•42
60
60
40
50
44
434 434 •42
44 Minneapolis <fe St. Louis.
800 40 J'ne 3 67*4 Jan 18 41 Oct 110 Jan
•76
•76
•76
*76
90
90
75
•754 90
90
90
Do pref
90 Jan 6 9484 Jan 21 83 Nov 118 Feb.
66 14 •604 t)7
6(j«8 67
0534 6634
66
66 4 67
6634 0634 Minn. S. P. & S. 8. Mane.
2iP95 65 Jau 4 6734j'ne23 42 Aug 794 Feb-'314 124
123 123
124 ' 1243. 124 41214
123 123
1234124
Do pref
1,350 116 May
12634 Jan 2S 1094J'ne 1324 Feb'16
16 '4 164 Mo. Kansas & Texas
,*»iUi.j 16^4
1634 •16
16*4
164 164 •164 16'235 14<58Feb24 19 Jau 21 154 Oct 304Jan
"30
37
37
37
37
36 4 364 8364 304
37
36 4 30-34
890 32 4 J'ne 1 42 4 Jan 22 33 Oct 63iaFeb
Do pref
!'2i2
9238 92
92 4_ 9278
92 Ib 92 3^
a;904 904
9038 9934 Missouri Pacific
11,466 87 Feb 27 95 7g Jan 22 3534 Aug ll&7^Feb
927s
110 112
I^UO 112
110 112
110 112
llu 112
110 112
1014Feb2i 1244Janll 85 Oct 1334 Deo
VJ ash. Chatt. & St. Louis
-.>6
*36
•35 4 374
'36
3034 37
36
i^ at.of Mex, non-oum.pf
37
3S
38
33
300 3434 Feb 20 41 Jau 11 344 Mai 47VMa^
-17
18
17 5^ 17=6 '17
174 17=8 164 18
18
IS
Do 2d pref
402 1678 Feb 25 2178 Jau fe 17 Not 284 J 'nt
1161811618 11534 n63b 211534 11534 11541164 xllS 1154 115 1154 N. Y. Central <fc Hudson..
1,523 11278 Marr2 122 Jau 8 112»8J'Jy 166 Jan
25 May 16 324 Jan 23 19 Sep 45 Jan
"261a 271-2 •26 4 27 4 '20 4 27 4 *26 4 27 4 •264 274 •26 4 27 4 X. y. Chic. & St. Louis...
""206 lol4Mayl2 108 4J'ue30 100 4 Oct
:ii5
106 120
106 125
106 4 103 106 115
108 *105 112
Do Istpref
118 Jan.
.*-..8
'58
'58
•58
•68
65
65
*5S
65
65
an
60 J'nel4 69 Jan 2(^ 50 Sep 87 Jan.
64
Do 2d pref
IK6 188
187 187 4 1864189
18641864 1854187
189 190 X. Y. N. Haven & Hartf
623 {1854 May 19 196 Jan 23 U874May 2254 Jan
25 7^ 26»e
25»8 26'e
264 264 2578 26 14 25 14 26 4 26 4 2634 N. Y. Ontario & Western. 34,900 1938Marl4 2634 J'ly 1 19 Sep 354 Feb
06I4 66I4
5578 56 't, J564 564
56
56
56 4 56
5618 5638 Norfolk & Western
790 63 4Marl2 623i Jau 2S 5334 Not 764 Feb
85
85 90 •85 90 4 -85 90
"85
?90
90
90
10 88 May 6 90 Apr 12 85 Aug 934 Feb
Do adjustment pref.
168 162
158 160
157
Northern Central ....
800 150 J'nel4 169 J'nei2 190 Aug,il90 Aug
>53
'53
*53
•53
'
•.i3
56
50
56
56
56
{55
55
20 61 Feb 24 564 Jan 2
3934 Sep^ ""
72 Jan
Pacific Coast Co
'85 100
•85 100
-85 100
-85 100
•bo 100
*S5 100
80 J'ly 100 Feb
Do Istpref
-63
•63
•03
64
66
66
66
{644 644 {664 66 4
30 614 Jan 12 6778 Jan 22 504 Aug 76 Jan
Do 2d pref
4 06
115 -4 116 4 11534116 Pennsylvania
Ii5iall534 Il5l4ll5''8 11538 115 4 1154116
37,260 1114 Man2 123 4 Jan 2: 11034 Not 15738 Jan
'15
•16
'16
•16
•16
•16
20
20
20
20
17 Marlfi 234 Jan 22 15 J'ly 39 Jan
20
20 reoria<& Eastern
•(712 80
•76
•774 80
7734 7734 •774 80
{74
74
80 Pore Marquette
233 744J'ne 9 «138 Jan23 74 J'ly 91 4 May
Do pref
{68 May31 {68 Mtty31 }74 Doc {76 Sep
•58
•08
•58
•6«
•58
•674 59 Pittsb, Cin. Chlo. <fe St. L.
69
59
69
69
55 Apr 20 6634 Jau 22 55 Sep 94 Jon
69
•92
9-;
'92
•92
•92
•92
•92
98
98
98
90 April 98 Jau 22 90 Oct 115 Jau
98
Da pref
93
46', 4734
4738
4634 474 I)eadlng, vot'g tr. ctfs.. 24,850 3334 MarU 484J'nel3
4678 47
4678 47
47
37 4 Nov 694 Jan
4U"a 471.
•8178 82 4 «82 4 824
82
82
82 4 82 4 '814 8234 {82^4 8234 IV'lstprei. vot. tr. clfa...
666 76 Mai 1 82 4J'ne29 73 Sep 89 7g Feb
•664 69
5534 Nov 31
66 4 67
67 4 67 4
674 67 4 67
6738
•tioS; 661c
2d pref. vot'g tr. ctfs.
1,800 654 Feb 26 67 -4 J'ly 1
Jan
20 '1
20-18 20-l8
2038 20 -38
20 4 20 4
204 20 4 20-38 204 Rock Island Company
3,165 19 4 Marll 27 4 Jau 22 194 Aug eSf^ Jau
65
65
(54»4 65
865 4 65 4 '644 65 4
65
65
66
625 5734 Jan
63 78 Jan 22 5534 Sep 36 Jan:
65
D« pref
'29
29 32
•3(1
•25
-25
•25
32
30 Apr 22 384 Feb
30 Aug 72 Jau'
32
32
32
32 Rutland, pref
•60
72% 73
963,
72 "s
72^%
90
90
09 Si •loo
!•;-.
!<6'\,
l(i(j
1 0'J Si
60
•50
63
72 ••^ 727,
72*^
98»4
aU334 94
103 4107
pref.
a
Topoka <ft SantoFe
'4
.
:
\.
,
•
,
I
1
,
'
a
t
I
•
1
344
!
;
.
34
664
204
124
1...
I
I
1
1
1
!
164
t
I
(
:
W
;
I
BANKS AND TKUbT COMPANIES— BROKERS' gUOTATlONS
Banks
i
.
Mid
ASH
NKW YOBK
America
476
^1 ...
Aiuor Exch.. 210
A«tx)r
775
325
ilo>vei-y1i
500
230
825
Dr 140
155
180
iiuicli'scfe
Century
Chase
II
'.
Chiithaiii
170
yoo
.!20
Clii-lscaExol 175
Clieuiical
Citizens' Ctr
«
'-^l
340
Bonks
Bid
BnnUn
^SA;
Columbia
I1
..
350
Fourth
380
140
500
German Am", 155
German Kxl 375
Gennaniall .. 600
(ireenwich
t205
(;nii.si)lidatO(l
160
155
C'ni K.\chKc" 350
DiHCouutll... 145
155
Ka.st River.. 150
165
200
Fidelilyli
ISO
FUth Aveli.. .iOOO 1000
40.^0
Fifth
;oo
Kirst
.VJO
Ask
X210
Gallatin
Gansevoort'i
(ianield
400
Uoii)iUL'rce..li
tin;
Bid
14tUStreet1I. 300
City
tzeav,
Coal <& Iron. 165
Colonial 1i ... 450
\\
Hannltonll
1
400
Banks
Bid
AsJc
500
950
530
1050
Maiden Lane 105
Manhattanll. 310
165
Market (SsFol 240
Mechanics'
no
..
,170
Hanover
Hup & Tra-.i.
:)Oo
:)35
>25
Uvmj;
218
-'2i
"),"'5
Mech
.
& 'lYal
247
125
.Mercantile.. 237
Mercli Exch. 166
.Merclianls'.. 175
376
.Mctropll
.MtMorrisll.. 215
Bonks
Mutual]
140
JetTersonU
Liberty ..
Lincoln...
325
255
255
130
315
Ask
180
190
400 410
1500
190 210
275 235
19th Ward',1. 150
North Ainer. 200 205
New Amster
New York Co
N Y Nat Ex.
New York...
Nortlieru.... 115
170
1S5
426
Orieutalll....
230
I'eoplo'.sll
Pacillctl
220
260
Bid
Bauks
Phenis
Nassauli
230
Park (new).. 145
105
270
J90
,! SLito UauJW.
Biilauda3kfiU>rii>esi no .saios wore m:iile on tins day.
Lo^i.i tiiaa ioj .-iiuiro.s.
t iiix ri;^nos.
Sale at Stock i^^i^ii-'Bo or .u auctiou this week, s Trust Go. oertllloates.
h Assesament paid.
-2
Bid
290
a Ex dividend aud
Plaza',1
,
Prod Exohli
102
525
165
250
600
600
Sliooife Leth. 130
300
SUtell
Riversidolj
.,
Ask
110
650
176
280
Seaboard
Second
34th Street.. 195
12th WardH. 120
23d Wanlll.. 125
Union Exch' 160
Uuited
rights.
6
145
205"
170
100
New stock.
V
July
|i_
.
.
btocks—sjquest and lowest sale psices
Monday
*0>«
Jun* 37
•9 la llHi
•36
38
11
*12
*28>Q
47 "4
21W
21'4
•35
•16
*60
laj*
29^1
AO"**
86
•PSig 94
22^8 22"^
|12U>4l20i«
•17>9 20
•23»a 24'9
37 Hi 38
•94
96
88
93
"a
*48
•22
16'4
iih
1»^
46
26
ie!>4
•87
•223
4934
17>.
226
828
60
17>«
72
26
•88
90
•22
29
190 190
• 61,
8
•3\i
na^
•82
•ai,
•17
6334
•96
•117
6«8
26
26i»
30
•7
•2414
•18'a
19»4
9^
19
5334
97's
\2i^
130
l30'4 I8OI4
11
78
«78
•71
•21a 220
•6
7
•48 »« 49
*2»
SOH,
04
9
19? •«
II214
•lllHi
n
}66H
«28'« 23 1^
166 156
-10^ 11
67
6734
•86
'28
•73
•7
46 >«
86 >s
82
II
46 Hi
•108»tt 107
•>92iu
•126
•3«S
>4
2008
94
130
86
*24\ 25
• 98
•
27
•70
{216
'levj
76
"6>9
411a
•15
98I4
a7'o
701s
216
18
76
•219
•17
64
20
16
•60
•49
90
28
190
7
6»»
26*4
9
9V
•4634
*15H»
3334
10
•9
47V
16V
47V
10
47 »s
1668
1568
17
•21
46
24
42
*16
42
3734
226
4934
1638
•71
26
88
•22
•185
5V
8V
17 V
18V
16
•71
72
27
90
28
190
6V
8V
1934
18V 18V
«83V 83 V
9734
684
•24
30
1834
•6^4
40
78
:il
37 "a
*78»4
82V
•35
•24
86>i>
85
19"»
2V
19V 19V
1968
•92 V 94
131
94
86
86
26
•2434
9734
973,
7
70
*6V
78
76
Q\
6V
86
80
86
3534
27Hj
86
•24
35
•80
•34
11*
63»2
9
86
26
973,
76
6V
41
40 V 40 V
41
41
lev 16V •16V 16V •16V 16V
78
«78V 78V •71
78
86
•36V 37 V 8434 86 V
78
86
•80
}53>tt
26
80
27
27V 2. V }27
71V J70V 70 V «70V 70V
217 217 i'-il8V 218V 218 218
.16V 18
•161a
•lav 18
1%
'24Hi
62
37V
86
6^4
7!) 'a
6
105
63<
80
6»8
•68^4
S9\
*16»s
1608
9^8
55»4
•ZlT,
10
66
2478
104
24V
1
27
190
334
6
4
19V
20
««s
6«»
2668
2tf<^
669
^
27 V
4
a
4
19V
19'-.
67,
2634
•eiv
18=%
x82
2V
I
77
783,
*6Hj
80
67a
5834
163»
634
80
67g
59 V
16V 16^
56»(,
{24Hj
10
58V
24Hi
100
101
•200
S7
210
87
•200
210
200
59
6"^
80
6
59
66 V 66 V
101
*176
6<^
-7934
•534
108
16H2
noi
15634 15634
•104
•65V 66V
934
«87H» 87Hi
154
Xl90
Do
210
7
•6
156
190
934
9'i
55V 56V
23'8 24
100 V 100
210
87
164
180
210
87
156
200
'
104
6"^
7934
6»4
108
ii\
80
678
58V 69
16V 16V
65 V 66 V
9'^
97,
65V 65V
2284
100
23
100
205 210
8634 88
160 166
180 200
pref
1969
American Locomotive...
82
4
19
American Malting
Do
•lOV
11
•65
(J934
7
CoL
IIV
2234
18,020
6,870
100
2,43 6'
100
1,415
<fe
Hock. Coal
Iron...
db Iron.
Y.).
223i DlatUlers Securit's Corp.
157V General Electno
12
International Paper
69 V 69 V
Do pref
•35
35 V International Power
80 V 80 V •2»V 32 Intemat'l Steam Pomp..
77
•72V 77
73V
Do pref,,
•7
10
10 Manhattan Beach
45V 45V 45% 45«8 National Biscuit
•106% 107 V 107 V 107V
Do pref
20 National Lead
19V 19V 20
93
•923* 94
94
Do pref
125 130 • 126 131 New York Air Brake
87
87 North American Co., new
86
86
27
26
27
28 Pacific MaU
9734 9734
98
eop. Gaa-L.<fe C. (OUic.)
26 V 26 V Pressed Steel Car
•26V 27
•70
70
Do pref
71V {70
220 220 Pullman Company
218 218
16"^ 1668
17
17
ailway Steel Spring,
78 t)V'Do pref.
J76V 76V •72
6V •6V OV Republic Iron A Steel
41
41
41
41
Do pref
19
16 Rubber Goods Mfg
•15V 16V
69 V 693b
86 V
• 36
'
7
6V
77V
36
35
80
25
27'a
104
108
59
6578
9»8
979
8679
Do
579
Cr
cfii
Construction
59
Do pref
16 VjUnited States Rubber....
66'
Do pref
934
979 United States Steel
5534 56 V
Do pref
23
23 H. Vir^nla.Carolina Chem..
95 102
Do pref
J
Virginia Iron Coal A Coke
16
65 7g
5569
23 V
102
•200
86 7^
167
200
{8634
156
186
16 V Jan
226
May] 2 §204 Jan 236
52V Apr
8
2139
7434
3278
7
33% Oct
17 V Nov
60 V Not
26 V Aug
Jan 27
Apr
90
6
6
2339
100
160
800
180 26VMarl2
63 Apr 6
eUs, Fargo & Co
YV
'» est'n Union Tele'gpli
Wesfgh'seEl
i&M f g assen
160V
Do Istpref
200
210
87
23 V Nov
10 V Oct
67 V Oct
14VSep
24 V Jan
3534 Ocil
627,
6
J'ly
2VMar
34
Mar
7
6
4
81 69 May 16
35 MaylO
4 Mar 2 2
46 Feb 2
1,160
34 V Jan 3?
4ia4Aprl2
84
1 79
Apr 6
Feb 34
41V Apr
29
7
Jan 32
6V Jan30
58 V Jan 4
6 V MaylO
8VJan31
166
125
Mar24 46
41 100 Feb 24
6 V May 2 7
1,725
1,793 76=8 Jan 4
6 V Jan 15
2,003
1,200 40 Jan 14
lOVFeb
810
(>
Jan 22
Jan 26
8V Jan 25
UO
81V J'ne
9
9% Jan 21
63% May23
ISV May
4
Jan 4 68 V Apr 29
838Ma7l
12»8Jan 2
41
1,225
9,309
41.110
3,630
98
6VFeb
Keb
80 V Oct 98 V Feb
90 Auk 126 Mat
80 Sep 98% Jan
107 V Oct 134% Jan
116 Aug 123 De*
117 V Oct 169 Feb
7V0c(t 14% Feb
65 Oct 80 Jan
58 Oct 126 V Feb
1fi26
170
Jan
6
40
24
66
O^ 16V Jan
Auf 66 Jaa''
K«v 82VJan'
65 Jan 37
Deo
8 J'ne28- 1684Jati26
i',636
9VNov
11,158 186 Feb a210VApr20 164 Aug
^00 101 V Jan 4"^114 J'ne 8 94% Aug
934 May 9 2288 Jan 26
946
15 V Not
20 66 Mar 9 74 V Jan 23 60 Nov
718 19 V J'ne 9 26 V Jan 21 20 Ply
1,842 0151 J'ne'20 179 V Jan 33 136 Sep
1.665 10 V May 2 6 14% Jan 26
9 Jiy
3,112 64 V Feb 9 69VJ'ly 1 67 V Nov
26 Mar 1 36VJ'ue21 28 N«v
2fl
J'ne 7 40 Apr 7 28 Deo
71V Feb 9 78 Apr 7 70 Oct
6VMar21 8 Aprl9
evsep
1,686 86 Jan 4 46VJ'ue25 32 Oct
290 lOOVJanie 107VMByl4 94 Oct
1,960 14 V Feb 26 22 J'nel3 10 V Nov
80 V Jan 26 94V J'nel4 76 Oct
100 120 F«b25 13934 Jan 22 106 Oct
454 80 Marl2 90 Jan 26 68 Sep
1,320 24 Feb 27 33V Jan 18 17 Aug
968 9234 Marl2 102% Jan 33 8734 Sep
300 24 V May 16 83 Jan 28 22 V Nov
120 67 Mayle 73 V Jan 28 62 V Nov
1,185 209 MarU 220 J'ly 1 198 J'ly
200 16 MaylS 24VMar 2 16 Sep
230 7134 Mario 78 Jan 4 67 Nov
§34 Jan 25
6 May 16
200
5% Nov
610 37 Mayl3 49 V Jan 23 36>4 Nov
200 1434 Apr 15 32 V Jan 27 12 J'ly
120 74»4Janl6 7934 Apr 4 60 J'ly
700 SlVJan
77 Jan
Feb
76% Mai
41% Jan
Jan
46V Feb
98 Feb
41 V Jan
236 Feb
29% Jan
11 V Jan
37% Jan
1134 Jan
42 V Jan
19»4 Jan
48 V Jan
31% Feb
95»4 Feb
16 V 0«t
Feb 19
84 May 6
434 Jan 22
J'ne 3 22 Jan 14
46 Feb 26 6679 J'ly 1
8834 Jan 6 9878J'nel3
110 Jan 21 120 Feb 29
85 Jan 6 93 J'nel4
122 V Mar 7 181% Jan 25
123 Jan 4 130 J'ne23
"
121
Feb 16 ISlVJ'neag
10 Jan 4 12VJanll
69 Jan 25 75 V April
61 Feb 20 30 V Apr 12
185 Mario 227 Mayll
5% May 24 7 Jan 2Q
477, Feb 19 4979 Mar 7
75V Jan
40
pref
S Realty
16V Jan
Jan 25
Feb 9 82 J'ly
23 Mar21 25 Jan 16 24 Nov
180 J'ne 2 {197 Jan 27 171 Aug
5 V Jan 19
8VFebl6
269 Jan 5
2V<>S
5V Jana7
11 V Jan 5 20 J'neSO 10 Oo(
t5VMar24
9VJan 2
4 Oct
pret
53
200^ 210
155
180
67,
16V
6638
634
80 V
80
6678
23
•98
Do
United States Express...
United States Leather
104
6%
669
59
pref.,
7H U. S. Caat 1. Pipe <b Fonn.
{104
534
16
,_
Iron
Union Bag A Paper
Do pref
J'' 80
80
534
A
IV Standard Rope * Twine..
36 Tenn. Coal, Iron A RR...
27 V Texas Paciilo Land Trust
36
35 V
Do
86
34
IV
35
•26
Do pref
Sloss-Sheffleld St.
{77V 77 V
78
84 V 36
•80
86
Mayie
3234 Feb 24
14VJ'ne 2
16
2VJ'neI6
i9ev Consolidated Gas (N.
15634
117,
42VAprl9
Highttt
Oct
Oct
Oct
32
58 Jan
2479 Jan
18
{70 Jan 28 69 Aug 88 Fell
49 V Jan 23 39 Dec 78 Feb
167 Jan 23 148 V Sep 170 J'ly
16V Jan 22 12 Aug 30 JfA
3634 Jan 2
24 Aug 66 J»n
52 V Jan 2
3869 Sep 68V Mai
23 V Jan 27 16 V Oct 3679 Jan
Jan
22
69 V Oct 96 Feb
86V
93 Jan 26 85 J'ne 96V Mai
2734 Jan 23 20 V Aug 43»fl Feb
124 V Jan 13 100 Oct 12878 Jan
22 Jan 31 17 V Oct 37% Jan
29 V Jan 23 15 Sep 3178 Jan
39 7e Apr 2 5 24 Sep 48 Jan
9534 Jan 21
79 Oct 122V Jan
156 J'ne {159V Deo
90 Apr 4 6534 Aug 104% Jan
94 V Apr 6 83 V Aug 95 V Feb
12 Jan 16
9 Dec 22% Jan
47VJ'nell 85 J'ly 64 V Jan
2134 Jan 27
16% Oct 3234 Feb
41 Jan 25 27 V Sep 66 V Feb
19VJan22 12 J'ly 27 V Feb
6234 Jan 22
40 V Nov 62 MaJ
2934 Jan 27
20 Sep 38V Feb
2178 Jan 20 14 V Oct 2evyei>
47 79 Jan 27 33 Nov 65Vteb
16
U
117b
Febl7
9
2,887
2,974
1,025
671
112 V 112 V Continental Tobacco, pref
lOV
Corn Products
•66
69
Do pref
22*4 2234
15534 157
Marl 4,
71
200
200
pref
Anaconda Copper
Brooklyn Union Gas...
runsw. Dock & 0. Imp't
Butteriok Co
72
220
192»4
87VFeb23
87
60U
620
860
,
9V
9V
Feb 24
32
8,020
pref
Do
*48V 49 V •48V 49
29 31
3dv 30V (Colorado Puel<fe
*
64
J Do pref
"9
194 V 19534
112V Liav
17VJ'ne21
21VM»y27
7
960 34 V Mar 2 4 36VJan 4
7 J'ne 2 12 Jan 23
22 V J'ne 1 30 Mar21
pref
Do
56 7l Amer. Smelt'g <fc Befln'g
97 V
Do pref
122 V American Snuff
90
Do pref
,
127 American Sugar Reflninf
130
Do pret
130 Amer. Teleph. & Teleg..
70
70 V 72
•210 220
5
pret
lOV lOV American Woolen
•75
Do pref
•lOV 11
200
500
410
676
8834 J'ne 6
American Linseed
9
80
82
82
4
•17
19
6478
64V 66
967,
967s 97 V
•117
L22V •118
88V 90 •88V
127
L27V 127
127 L28V •127
128V 130 •12834
2V
17
115
pref
De
27V
19V
1834
Feb 25
20VJ'ne 7
Marl4
90
2',256
1,412,
Lowest
itiiscell
American Ice
678
24
30
<&:
American Dist.Telegraph
American Express
American Grass Twine ..
Amer Hide & Leathor...
27
190
5
9
24
Do
90
•137
1
3 §220 Feb 2
Express
malgamated Copper... 19.995 43V Feb 8
7,250 1434 j'ly 1
American Oar & Foundry
585 67 Jan
Do pref
300 24VJ'nel4
American Cotton OU..
•26V 27
90
1
41VMarl4
18VFeb24
77 V Jan 6
Adams
62
108
v. tr. ofs.
pref. vot. tr. ctfs.
D»
16
88
22
500
9VJ'ne
710 253BJ'ne
62,772
2,390
261
100 41VJ'nell
400 21VJ'ne29
630 16 J'ue C
880 37 J'ne 6
pref.".
Wisconsin Cent.
71
72
2734
IV
{3538 853e
a7V
•186
«5
1434
7V
»1U5
abash
Do 2d
39
1
715|a:86VPeb26
pref
Do pref
WTieellng & lAke Erie...
Do Istpref..
36
{22434 22434
4968 603,
6!
71
26
88
22
67,
•2634 27
«71l8
•70
34
16V 16V
73
27
92 V
98V
W
lOV
•15«8
Mar
39 V Jan (i
150 Jan 9
62,150
Padflo
Do
9V UnltRysImv't of SanFraa
Do pref
«9V
•37 V 39
22!
Light
Highest
Maris 14 Jan 23
Mayl7 45 Jan 19
Jan 8 20V Jan IP
pref
Union
9^-4
16
15V 14
45
44V 44V 42
23
21V aiv 22%
16V 16V 16T, 10
16V
•22
13934 1303< •126
98
88 V
{ 9-^34
14V
46
90
678
2634
2V
}86
«26
92',
10
47
47
•161^ 16
34 36
16V
88
•9212
94
130
85
•24»4 26
88V
92'8
9
185 190
5V 534
3V 4
18V 19 V
17
1968
Do
26V 26 V
9
•24
2038
95V
88 V
'226
228 •226 228
4934 49 7t
49^
50 V
30
88
4
19
94
&
24
3734
Industrial
J7V 7V
26 V 26V
•634
2flpref
St. Jj.&S.Ft., l8t pref.
Do 2d pref
O.cfeB.I.oom stock tr otta
Toledo Hallways
Lowest
9
35
16
{61
Do
20
24
Range for Year 1904 Range for Previovj
On basis o/100-share lots
Year (1903
Week
V Tol. St. L. A W. V. tr. otfa
37»4
Do pret vot. tr. ctfs.
94V 94 V Twin City Rapid Transit.
24V
•36V 38
leT'a
37V 89^
3734
17V
20
24 V
'
89
Shares
92V
17V
21V 21V
I6H1 17
72
92
22
834V 34V
333<
•16
60
46
the
St. Joseph cfeGr'd Island.
Do Istpref
11
38
20
72
16
to
46
Sales 0/
STOCK
EXCHANG-K
4534
46
'156 163
'155 163
1034 1034
11
11
St. Louis Southwestern..
27»8 29
•27"8 29V
Do pref
467, 47 V
467, 47 V Southern Paclflo Co...
21
21
21V 21V Soathernv.tr. of 3. stmped
do
}85V 85 V «867, 86
Do pref.
94
M. (fe O. stooktr. ctfs.
V 94
22V aav 2234 T^eias <fc Pacific
120 120
120 12134 JLhlrd Avenue (N. T.).
88 V
393V 98 V
93V
126
86
7
41 >s
16
2712
Sv
80
•37
•92
STOCKS
NEW YORK
Priday
July 1
11
83 V 83 V
4
4
17 19
19
64ia|
54 V 6488
64V 6438
963* 97
9638 96 Tl
9634 97
122 "a •117 122V •117 122 V
•88
91
8868 88'>8
*88V 90
126"^ 12634 1263* 12634 12534 127V
'127 130
128 128 •127 130
130 131V
1301a 1301a
• iOia 11
•lOV 11
•lOV 11
•77
79
»763« 771a •77
78
•71
72
72
78
70V 73
•810 220 •210 220 •aio 220
-6
•5
•5
7
7
7
•48
•48 la 49
48 V 49
49
•29
•29
•29
86
30 V
30V
•
64 *
64
64
"91; 9H
9
"*8V 9V
193 193''g 194 194
194 194V
111»4 II214 iia 112 V 112V 112V
•11
11
JlOV 11
V-^
•65
•96
66 08
70
\l
23
22 V 28 V
2334 2334
23
154 1647e 15478 166
165 166
11
IIV {111* IIV •1034 111*
67T» 6778 {68
68
68
69
•36
•36
35 Hi *36
35V
•28
82
32
•28V
•28V
• 72
•72
7?
•72V 77
•7
•7
•7
II
10
10
461, •44V 45V
46
46 V 4538
107
V }106V 106V •loe^e 107
S107'4
83
84
126^4 12634
20>a
17
4
171a 1734
iK
*884 91
•127
1534
*5ia
•314
•6»4
•24
50i«
•88
•22
190
67,
126
228
49\
711a 711s
261* 26'*
11
•17
•9V
8778
9318 93 1*
•914 10
471*
47
15»8 le'e
34 1«
34
'151a leSi
•42
•22
16^8 16^8
8708 37'^
10
*47^ 47 »2
I6I9 18
Si>«
20
88
89
93I4
•9'4
•ISHi
Wednesday Thursday
June 29
June 3f>
TueSiiay
June 28
38
20
•60
72
70
72
• 44Vj
46
46
•46V 46
166 163
'165
163 155 103
113IIV IIV
12
12
U3,
2768 28
}28V 28V
28»a 2Sia
4634 47
46 >a 47»8
46Hi 4634
21
21
21V
21V 21V 21
•85
85
86
85
86
{86
"92 Hi 94
•92 "a 94
92V 94
2268
2238 223a
2219 22 >« '•n
'116 120
118 120 •116 120
*17ia 20
•17V 20
17V 173,
2434 24 3<
2434 24\ •24
23
3<
37»4 37
36H2 38Hj •36V 38 VI
96>4
9434 9434 •94V 96
96
88
20
70
44413 46
•166 163
•86
*16
• 60
J
Stock Record—Concluded— Page 2
2, 1904.J
Saturdav
4
t
122
Jan'
2BVFe>
322
22
Jani
£'
'ii
86 V Jani
84% Jani
204 Fe^
19% Jani
74 V FeW
73 Jan
46 V May
89 V Jan:
18 May
47% Feb
106% Ma*
29VFe$'
96 Feb
177 Jant
124 V Jani
4234 Jan
108% Feb
j
6634 Jani
95 Felf
23534 Jan)
87
90
Feb;
Febl
22% Feb
80% Feb
80
Feb,
^Kt
2aVOot
97 Nov 97 V Feb
•4 Sep
6VFeb:
26 79 Nov 68% Mat
22 Aug 4^34 Jani
i'aJ'iy
67% Deo
6
33
96
6
Sep
16
65
Jan
Feb,
Nov
Feb
Aug 160V Feb!
16 V Feb
Sep
96% May
71V Oct
4
16
7934 Janj
Deo
30 V
Nov
7
J'ly
80 V J'ly
10 Nov
28 V Janj
73 Jani
19V Feb;
Feb
89% Feb
68
62 V Apr 7 49% Not 8934 Jan
2334 J'ne29 34 V Jan 25
17 V Sep 666e I'ob;
97 »» Apr 16 106i4Jan20 80 Aug 128 V Feb
20 Apr 20 20 Apr 20 17 Bep 3978 Fob
200 J'neU! 212 Jan 6 {191 J'ly 249 V Keb
41
85 MaylO 8934 May 9 80 V Sep 93 Ja4'
700 153 May 2 7379 Jan 21 130 Oct 221 Jan^
200 {180 Apr21 194 Jan 19 100 Sep 224 Ja«
51VM«rl
770
f
I
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banka
£id
Ask
Bailies
Bid
Ask
N. T.
Miuiulactrs'. 350
MechauiCH^I
Nassau
300
Nat City
290
North Sidell. 230
BBOOKLTN
People'sll
BoroughTl
160
Broa<lwayl|.. 300
Brooklyn^ .. 130
goD'yI<t)BB1l 140
390
1
omr
Bowl'gGreen 200
Broadway'I'r. 145
305
O'lK'tyB&Tr 480
Central Tr'st I'JiiO
City Trust... 205
215
17th Wardll. 150
Hprajrue
200
Stuyvesantii 186
Unionli
160
Wallaboutli
160
Ask
Sid
Bankers' Tr. 280
t280
Merch.auts'.. 115
•
TrnatCoa.
BKOOKLYN
Wa»h.H'hte11 200
WestSldeli.. 500
YorkvlUel^.. 376
Colonial
210
Commonw'tli
290
70
500
1960
275
300
Tr.. 105
75
170
Equitable Tr 650
300
700
Kadtem
Empire
Qld snd asked prices; no aalus on tills day. j Loss lliau 100 Hliiiros. f
Stock Exohange or at aaotloa UUa week, o Ex stock diTldead.
iiale at
Ex
«
Trust Co's
Md
Ask
Exchange Tr
FarmLo<feTr
Filth Ave Tr
Guaranty Tr
Ouardl.au Tr
1300 1376
526 550
576
165
176
Knick'rb'k'r 000
Lincoln Tr...
360
Manhattan .. 170 500
Mercautllo.. 075
1025
Merchants'.. 200 22(1
Metropolitan .>8r.
liOO
MortonTrust 875 890
rights.
Trust Oo.
Ex
Bid
Alk
Trust Co's Mid Ask
Mut.Alliance 200 220
N Y Ltto&Tr 1000 1030
N Y Seo.fi. Tr 605
North Amer. 243 252
Real Est 'IT' 325
StaudardTr't 325
Tv Cool Am. 229 234
Union Tru.st 1350 1400
Brooklyn Tr 390
Fliitbush
190
Frniikllu
320
Hanjilton.... 290
KliiKS Co.... 400
350
1450 1480
VanN'deuTr 196 200
Washingtou. 390
206**[
L I«l LdiiTr.
256"
Nas.sau
People's
t846
Williaiusb'g. ^26
•23J'*|
US^tK&Tr
Unit
Stilt i>s
WiiKlser
.
156
Trust Co's
BBOOEXTJt
200
840
300
165
divlileud -lUd nglil.s.
oertlUoj,tes.
*,|
B.taie4
marked with a paragr;ipti
(U)
are State
banks
'
New York
Exchange— Bond
Stock
BONUS
Price
STOCK EXCHA.NGK
WKEK EhfDINO Jin.T 1
fYlday
July 1
N. y.
Bid
'2a
V a 28 coQsolcoui) small. rfl9SD
fclOlb
U S 38 ri'jiisterod
fcl918
U 838 coupon
bonds..
tl 018
V 8 8s res small
U8 88 0ouaniaU bou(l8..fcl91R
/ilOO?
U 8 48 rogmtered
W907
8 48 coupou
tJ
TJ
Q-J
O-F
Q F
«-F
Q-F
J
Q-J
1925 0-F
1925 Q-F
V
Fhilipimie isLinda 48.1914-34 Q-F
S48 rcglstxired
S4s coupon
Foroiicii (jovcniincnt
M-S
Thtst art pricf t on
FranklorUon-Maiu 3Hj8 8er
t
-Japanese Govt Gs ctfa
1..
paid Oct
hill
Hepub of Cuba 68
U
clJs full paid
2(1 in.-ital iiaid for 5s of 1904 .
iS or Mexico 8 r ir 58 of 1899
Sop
WJ
XT
1900
1900
1900
1920
1924
4 to 5
Ourreucy funding 4a
Ui8to{Cohunbia3-G5s
JLiOUlsiaua
uew
cousol 4S..1914
J-J
J-J
JJ-J
F-A
JJ
Small
Missouri tuudiug
1894-199 J-J
North Carolina cousol 4s. 1910 J-J
68
1919 A-0
So Carolina 4*28 20-40
1933 J-J
Tenn new settlement 38. .1918 J-J
J-J
Virginia fund debt 2-3s... 1991 J-J
£8 deferred Brown Bros ctfs.
Small
lUiilroad
V
Alabama
laAia
Cent
M idl
See
By
See So
At Coast Line
Albany & Susq See Del & Hud
Allegheny Valley ^'eePeuu RK
Alleg <fc West See Bull K <fe P
Am Dock & Im See Centot K J
Ann Arbor Ist g 4s
/tl995
Atcli T ct S Fe gen g 48. ..1990
Registered
1999
Adjustment g 4s
/il995
Q-J
A-O
A-0
Not
/il9y5 Nov
/H996 M-N
Keglstered
Stamped
East Okla Div 1st g
M
S
4s.. 1928
Oliic
St l/ouis 1st 6s. .1915 ^ti
Atl Kuox
ifor Istg5s..ld46 J O
Atlantic Coast 1st g 4s./tl952
Charles
Sav Ist g 7s. .1930 J-J
Ist gold 68. .1934 A-O
Sav i' <fc
&
&
&
MS
W
1934 A-O
Ist gold 5s
Ala Mid Ist gu gold Ss 192» M-N
Bruns & W 1st gu g 4s 1938 J-J
8U Sp Uca <fc O gu g 4s 1918 J-J
('
/
Atlantic
Atlantic
Aviatin
B
& Danv see SouUi Ky
& YsMl S'ee South liy
N VV See Sou Paoifiis
<fe
alt & Ohio prior igS'as.l 926 J-J
Registered
/il925 Q-J
/il948
/il948
A-O
M Div 1st K 3'i2Sl926
M-N
Gold 4s
Registered
Conv deb 4s
P Jun &
PLE&
1911 M-S
W Va Sys ref 4sl941 M-N
J-J
Soutiw Div
1st g 3
"as.
.
.1925
/a925 y-J
Registered
FA
Mouon Riv
Ist gu g 5s. .1919
Cen Ohio R 1st cgji^s.. 1930 M-S
Pitts Clev & Tol Ist g 6s 1922 A-O
PittB& West 1st g 4s. ..1917 J-J
J P
Co certfs
S See Mich Cent
Bat Creek
Beech Creelt See
YC H
Bellev
Car 6'ee lULuois Cent
BklyiJ <fe Aloutauk See Long I
West See Atl Coast L
Brans
Bullaio N Y
Erie Sec Erie
Pgen g 58.. .1937 M-S
Buttalo
AU <fe West Ist g 48 gii- - 1993 A-O
Ca& Mail IstgugSs
1943 J-J
Pltte 1st g 6s. ..1921 F-A
Roch
Cousol Ist g Qs
1922 J-D
M&
&
&
&
N
&
&
R&
&
f & N SeeROR<kN
Cen Branch V l'lstg43...194» J-D
Cen BraJiCh Ry See Mu Pac
105\, 105 Ma>'04
104»i 1051* 106'4Miu'O4
105 IO7I4
106 14 106 "4
RK&
Ohio
col g 6s 1937
See Balti
Bof Ga
<fi
8d pref income g 58
pi 945 Oct
Chatt Div purmou K 4a.l951 J-D
Mm
&.
Nor Div
105 »a loiosMBy'Ol
106 "i 106'«J'ne*04
106V
IO634
iBt g 58.1946 J -J
JftDt of if J geu'i
l^tee
JrYidav
Week's
Range
Hange or
Since
July
Latt
•
AC
R&
1-2
1311a....
J'ue'oi
113% J'ne'04
MN
Cent
of G-.i HP. 1st g 5s..j;1945 F-A
Cousol gold 5s
1945 M-N
Iteai.steied
1946
let prtif income g 58
pl946 Oct
2dpr6t income g 68.. .^^1946 Oct
UN
Sale
•
W
,
,
,
M
FA
115
11634
120-4
inog
91^4
l6i Apr"Bl
121i2Max'04
May'04
124.
121ial21ia
I21iel24
99^8
101
la
loo's
101-2
119
120
110
1-2
119
Mar'03
97410018
IOII4 103
1 15 la 119
IO318
107
106
'8
•
llOiallOia
"a J'ne'04
106
107
103
102 la 106
104'^107ia
106 107
eii.
90
Apr '04
U8'tMAr'04
108
107
lis
UO'sSttle
107 108
Ii6i4
92
la
106 »8 108
iiomis
111
107 J'ue'04
T4>4
T6
11034
7414 Sale
35
35 "2
MS
fund g6s l»21l FA
Ashland Div Ist g 6s. .1926 M-S
1924 J-J
Mich Div lstg6«
Convertible deb 6s
1»07 r-A
Incomes
1911 M-N
Chic Hook Isl <fc Pac 63. ..1817 J-J
Registered
1917 J-J
General B»ld 4a
HW8 J-J
RegiBtored
188H J-J
Coll trust Series
4« .. 1»06 M-N
1910 M-N
H48
1916 -N
M4S
1910 M K
N4s
1918 M N
P4s
Chic R I & Pao RU 4S..2O0S M-N
Reifiatoreil
»003 M N
Coll trust gold 5»
1913 U-8
Choc Ok <fc G gen g Ss .ol918 J-J
CoDRol gold Sa
1962 IM-N
De« M <fc Ft D 1st 4a....l806 J-J
l«t2ia«
1905 J-J
Extension 4s
1906 J-J
Ext& Imp
9114
92
FA
Mo <& Minn lst7s..lt»07
Milw<fe Madison 1st 6s. .1905
Noi-lh lUuiols Ist 68....191 OM -b
Ott C F & St Paul Ist 58 1906 M-S
Winona & St Pet 3d 7s..l»07 M-N
Mil L S & West 1st g 68 1921 M-N
Dee
15 1131a 117*8
10334 111
1051a 107
96
0»34
76
28
86»8
Keok
A- n«<.s
8
U
lsts*....l«'^i)
A-O
133%
'II434
10538 Sale
1041..
110 "a 114 "a
100
9«
IO6I9
92% 92%
Feb '04
jBe'99
104
104
128
I33S4
J'ly'03
1:1334
ri7%l30%
111% 113%
102
103%
10134 J'ne'04
100
102
103
109»i
108
110%M»y'0J
117% 118
109%ni
11434 J'ne'ii4
U3 115%
100%105>a
105
103
112
I0»
97
114=4 lis
10638
Apr'Ol
May'03
103
99% 103
94% 97
J'ne'04
106% Oct '02
90=8 Dec 'OS
87
844,
Salt
'101*8
81
78
86
24
81% 85
74% 80
79»4 l'Z9
8334 Apr'0'2
10434 Apr '00
1013g 10134
OS's
lOO-i,
May'04
95 14
99
•90
109 's
95 -4
91
90% Apr '04
1093, Apr '04
101% 101%
10l58l02'.j
23
18
May'04
103% J'ne'04
108
L\l>'-
llV^Sale
78
-s
130
Ill 116
08 ....
103 "a....
102 ....
101 la....
108
2214
t
Low J/tg\
JUgli
22 14
92
104
103
108
104'«104'4 I'M 34
101%
95%
90%
1
91=8
09*, 10?84
100=8
102%
105
104».
Dec'O.S
L0034
Feb'oi
100
10034
105
105% 105%
1134211434 114 J'ne'o4
lOo^slOo 1 05 Sg J'ne'04
105
114
107
115
^.
MS
SaU •54 January
211a 23
92ii
103 ....
103 ....
106 la....
132 ....
AO
.
1
Aak Low
Bid
MldGa& AU D1T58....1947 J-J
Mobile Div l8tg6s
1046 J-J
gold 58. 1987 J J
106
lOftid 108
B«fMterod
M987 Q-J
107 J'ne'02
Am Dock & Imp gu 58. .1921 J -J
105
106'4 May'04
105'4 10718
Im& Hurt U gen gn « 5s 1930 J J
106»4 1068i 100^
106»«
10014 1081*
Leh & Wilks B Coal 08.. 1912 M-N
106 '4 106^ I0714 J'ne'04
108
107
Con ext guar 4i*s....fi'1910 Q-M
182 "4 133
1 35) i^ May'04
132H1S2'8
N Y<fc Long Br gen « 4s 1941 M-S
132\ I33>a 13§
13215 134
183
Cent Pacific 6'8« So Pacific Oo
110
1113411134 Clias & Sav See Atl Coast Line
lll»4Mar'04
CI168 & Ohio g 68 ser A../H908 A-O
Gom6«
al911
..
t95
195 Hi Feb '02
1939 M-N
IstoonsolgOs
tlus fio sis ot roxir 7iiarlcs lo o n* do Liar.
Eegiatered
1889 M-N
92>4
933b Salt
93\ 191 92»4 9308
General gold 4 las
1992 M-S
100 Salt
10014
10u»4 I
99
98
Registered
1992 M-S
99 •>b Sale
98»6
99S 19 98»8 9y'>»
Craig Valley Istg 58. ...1940 J-J
97
*U9 May04
^gs'^ioo-,
A Dlvl8tcong4s..l»8e J-J
Kest are pr Ues n t/ie t> asii 01 $&lo £.
2rtconsolg48
1989 J-J
Warm Spr Vail St g 5s.. 1941 M-S
101 ...
102^4 May'04
1023410234
Greenbrier By 1st gu g Is '40 M-N
99^4 ...
109 14 Oct '00
C1UC& Alt RR ref g 3s. ..1949
l02'2Mar'02
Railway Ist lien 8ias...l950 J-J
111 Mar'02
Registered
1950 J-J
120
121 Mar'03
Chic B & Q— Ch& laD5sl905 F-A
10216.
105 J'ne'04
105 106
Denver Div 48
1922 F-A
10y'-iFeb'99
niinois Div3ias
1949 J-J
Registered
1943 J-J
102 Feb '04
102 102
lovra Div sink fund 5s. .1919 A-O
136i2J'lr'01
Slnkingfund4s
1919 A-O
120 Mar'OO
Nebraska Extension 48.1927 M-N
95ia
97 J'ne'04
9514 97
!i27 M-N
Registered
94
93'2Kov'a3
.;J21 M-S
Southwestern Div 4s
93
92'4Mar't>4
<d\h. 92 14
Joint bonds See Great North
Ca 7
6'2j'ue'04 «20
1
e-a
Debenture 5s
1913 M-N
Han& St Jos consoles. .1911
GhiCifc E LU Ists four 6s. 1907 J-D
1934 A-O
Istconsol g 6s
General consol Ist 58
1937 M-N
Registered
1937 M-N
Chic & Ind C Ky 1st 58. 1936 J-J
Chicago & Ene See Erie
Chic ln<fe l^uisvref 6S...1947 J-J
94V,
9414
32 9178 951,
95
Refunding gold 68
1947 J-J
103 Sale 10238 103
12s 98^8 ^03
Louisv N A A CIi 1st 6s. 1910 J J
10l'-.iJ'ne'04
99 101 "a Chic Mil <fe St Paul con 7s 1905 J-J
*397e
94 ',
94
94 14 9334
^714 941-4
1914 J-J
TermlnaJ gold 58
82 Hj Jan '04
821a 82 -a
General g 48 series A..«1989 J-J
9214 92
92 Hi
871...
923b
Registered
«l»e9
95 S,
96
95'8
92-4 96 '8
General g 3 las series B.cl969
Chicife LSuDivg5s....l921 J-J
108 14
114 Hz Oct '02
Chic & Mo Riv Div 5a... 1929 J-J
97i«
97 Sale
9534
97 »» 344 91
1910 J-J
Chic& Pac Div 6s
192
1921 J-J
Istgos
Ohlc<Si P
125'sNov'03
128'a
1916 J-J
Dak<fc GtSogSs
113 41116 112'>gJan'04
1120ell2»6
1924 J-J
Far & Sou assu g 6s
111
112 Apr '04
109 112
1910 J-J
Ha6t& D Div 1st 78
91»4
87 Aug'Ol
1910 J-J
IstSs
,
94
91 "u Oct '03
1908 J-J
I& D Ext«n Isffs
LaCrosse* D Ist 5s.. ..1919 J-J
Mineral PointDiv 5s.. ..1910 J-J
1910 J-J
So Minn Div Ist 6s
94^4 Sale
9434
92^8 geia
1909 J-J
Southwest Div 1st 6s
96 •< M»y'04
92 14 9514
Wt8& Minn Div gos.... 1931 J-J
103 Sale lOiSs 103
IOOI4 103
Mil & No 1st
L 6s. ...1610 J-D
101 Hi J'ne'04
100 lOlia
1913 J-D
Istconsol 6s
r
96 4...
97
98
98
97
1915
Ohlc<fe Northw cons 7s
87i« 9014
89 14...
90 14
90 14
Extension 48
18861926 t. A
97
97 S. 971a
971a
1886-1926
Registered
921s 974
90 12 Sale
921,
8714 9214
901a
1987 M-N
General gold 3ias
90^4 J'ly'O'.
Registered
«1987 Si-F
107^4...
105-1 Mar'u4
105 la 105 la
Sinking fuud 6s... 1879-1929 A-O
108 llO^ia 108 J'ne'04
108 103
1879-1929 A-O
Registered
11734 ...
II91-! Mai-'04
11913122
Sinking fund 53. ..1879-1929 A-O
95 ...
98 J'ne'04
98
98
1879-1929 A-O
Registered
90>2...
lot) 14 Feb '03
1909 M-N
Debenture 5s
190W M-N
Registered
1921 A-O
Debenture 6s
Registered
1921 A-O
1933 M-N
Sinking fund deb os
Regi3tere<l
1933 M-N
loiJ"
la
Central Oluo
Cen
1
So Low JJUjh
W
R
January
BUNUls
STOCK KXOnANGE
Wrbk Kvdino Jui.y 1
Central of G»—TOmMftwHl;
N. T.
Since
Htf/h
122 '4 124
Butralo& Southwest iSee Erie
J-J
Susq
1st
ret
96 ...
^utl &
g 4s.rfl951
Bur Cedai- R & No Ist 58.1906 J-D lOlJalOi^a
llSiy...
A-O
Ist
coltrustg5s..l9S4
Con
<fe
Registered
1934 A-O 116*4 ...
1st gu 53.1921 A-O 110 ...
<C R 1 F cfc N
il & St 1, 1st gu g 78....1927 J-D
/"Canada South 1st 5s
190a J-J 1 OS's Sale
V.^d 68
1913 M-S 107^8 108
Regis toiwl
1913 M-S 107 »» 108
Carb & Shawn See 111 Cent
Carolina Cent See Soab Air L
Carthago & Art See N V C A 11
Ceil
La*t Hale
Weekly and Yearly
l>A<iES
'•i
Htato Secnrities
Alabama class A
Olaes B53
Oaas8C43
Kanye
Low
S. (lioTemincnt
II.
V S 2h cousolreip8t«red.({193U QJ
V S cuuHol oonpoD (il930 Q-J
V S 28 cvusol r6j{ 8iuaU..dl980 O-
Wetfs
Range or
Record, Friday,
KOUU
Ot:<JUPVIN<J
96 "a.
103%106«4
Apr '04
10538 108%
129
ri9
J'nB'04
Dec'O-^
114%118
11213.
129
116
120
113
Jan '04
112%113
12739.
107 .
108 la.
130
108
108
J'ne'04
J'Iy'03
126% 130
Jan '04
108 108
169 175
109 llOag
07 % 1 O9S4
r'O-a
116%
175 Apr'di
J103„ J'ne'04
10934 -J'ne'04
10911. J'ne 04
98^8 M6y'04
108%.
I0714.
10734
.
113%
115=8
109-3
114^4 Sale
10914
109 "sill
114=4 117
109!^ 111»4
1173.
May04
Mar'o4
Mar'04
11338 Oct 'Ob
107 Mar'04
106
112=8 112»»
112 May'dJ
116% J'ne 04
HI J'ne'04
115% J'ne'04
129% 128 .rue'tt4
104\ J'neo*
102=8 May'04
96-4
98
103
116
98^8
11434
11434
lll»4 J'ne'04
106
169
111%
1U3--J
10-^3^
97%
116% Apr'03
116 Apr '04
110% Feb '04
137% JIV'99
rj634
I14»a
104=8
109=8
109
11313
112
II6I4
128 'g
1
109% 109%
J'ne04
NovKS
111% Apr '04
111% Dec '03
118
110
110
lo7
104 -a.
104% J'ne'04
106
169
106
169
106»4 107
110=4 lia«s
109=4 111%
114
116%
110=4 111
1U%117%
li768 12934
10a»4 105
102=8 102'%
98% 99»4
111%111%
J'ne'04
108 1,
110%
Mar'04
106
104
104
107
106
Ia3 .
I'^-t.
104
Mar
108%
108%.
116%.
108»4
J'ne' 04
Jan '04
U4
116% May'()4
114% J'ne04
114=8.
lob's
Il6»8ll8%
104%
107% 108%
IOBS4 108»4
115%118
114% 116
.
NoT'02
lOl--.
.
106
0434
.
105%May04
.
106=8 Nov'oa
1
H'4%
10938.
109^4
l'J7ia.
127% J'ne'04
llS'i
1
.
131%.
128%.
103%.
I'i2
SO
103
109 %i 1214
36H 39
117% llSTs
1
]
103
103
131=, D«c'03
103
109
125
IJO
106
107
.
.
100
98
94
*93
93
69
Mar 04
105 % 106 %
142% Feb '02
119%.
103
1784
J'neOi
Apr '04
Sep
'08
J'ne'04
121'^125
liO 120
Feb '04
105% S2 101
Jan '03
lOfiia
US^sJ'De'OS
96
93
90
MaT'04
May'04
Ma)-'04
68-8
69% 411
88% Jan '03
Sale
9?
90
96
93
90
66%
7434
9t>
86
80 "si 73
104% 104=8
104H Jan '04
79'^
Sale
103 'ft Jan '04
94%
96% Oct
90
98
9378
94»i
106-Y Sale
106%
103%103'8
'03
Oct '08
Jan
'04
106%
98"4
98
104% 106
iHISCELrKANEUliS ItOM OS—4;oiiUiiiir>d on NoKt Fa««.
Street Railway
Htruel ItnJI^raj'
Brooklo'n Rap Tr ggs
l8t refund Conv g 4a
1945 A-O
3002 J-J
BkCily lstoon5s.l»16, lt41 J-J
BkQ Co&Scongtig 6s. 1911 M-N
Bklyn Un El Istg 4-6s.l»50 FA
Kings Co El Ist g 48.. ..1949 F-A
JMoc gu g 43
1951 J-J
Ry Bait Istg 68.1832 J-D
Conn HyJt
si A ref g 4 -a* '61 J-J
i)eu Con Tr Co 1st g fJs...l98S A-O
Den Tram Co con g 0s..l910 J J
JS'ass.vu
City Ji S
Met
liy
M
106
100% 107
106
78
109
100
107=4 Sale
106%
7K%
Sale
10«38
90%
,
Sale
82=4 Sale
99%
100
8 99% 106%
80 218 72% 80
109
1 lOTSglOO
Mar'04
100 100
107\
89%
90%
1S8
82»4
86
151
97%
95
97% IW
100
S2
10734
90
07%
90%
79% K6
J'ne'OO
Co Ist gu gfls..l911 J-J
Dot CitStRvlstcongSs.iyO.'i
JJ
_
_
9934
<ir Rapids Ry 1st g58...«l»l« J-D
IjOuIs Ry Co Istcon g5B..10St> J-
Market St
Met
Ry lstg«e..l91»
J
169
J
St Ey gen col tr g 5s.l937 F-A
BwTayA7l!!t>A vlBtog68l943 J-D
No orlCe
103
ll3
115
Friday; latest price tlus week,
1)3=8
115
a Due Jan
Met St Ry—f Con;Ref g 483002
Colc&WthAvlstgu g 6S.19W3
I/ox Av* P rialguf 6sl9f3
Third Ave KK oon gu 4s 2000
Thinl
1st g6«.. 1987
Mil Kl Ry <fc h 30.JT g 6».1»36
Minn Bl Hy Ist con g »«..1»1W
81 JoRyLtHAP Istf »s.l»lT
8t Paul City 0»b con g 6«.1»S7
Union Kl (Chic) Ist g 6«..194i
Ln1te<l
UnJtexl
Nov'Ol
Ave By
MetWS El(CIiio)lstg4i.l93H
RBsSiui Frsf 4i.l»i7
Hys St L l«t g i8.1tJ4
W ChJO Ht 40-y
r
cons g 5s. 19S6
Mar-OS
92%
00% 81 89
90% Sale 89%
116%119
116 117% 1 1 fl»4 May 04
MaT'04
114
116%
115
115%
86
ISO 98% 96
93 % Sale
9S%
121
121
2 116
121
116%
05
94
94 J-'n«'04
'99
Oct
106
lOo
110 J'ne'02
100% Apr'03
U»9%Deo'99
80% Sale
79%
Sue, iso
80«4 J'ne'04
79 >4
,
99
76% 80=8
80% 81
Dec '97
t»a« and Electric Ulght
Atlanta G L Oo Istg 6s.. .1947 r-D
5s. 1946 «-N
iklyn V Gas Isl etiri
.115% 114% 115% 18 lld%115%
112% lln
uae , ne h Duo j'ly k Due Aag oDue Oct j> Due Nov tOptlon Bal*
d Due Apr « Due .lay
114
115
112%115%
a;
</
V
;
July
2,
Bond Record— Continued—Page
1904.J
liOft Us«
STOCK EXCHANGE
WHKK KNTltNH JULY 1
CUio & 6t L 6V« Atoh T & t*a re
Oliic St L & N O See lU Cent
N. Y.
L&
Cliic St
Cliio St
Pitts
&'*€
Weeio's
Last Sale
BuL
Range
jLbK
Low
or
Migh
High
le
J'ne'04
Oiilcaw Ter Trans k 48. ..1947 J-J
West IndKen»r0«9l9S2 Q-M
,
,
74
75
lll»a.
Oluc A W Mloli See Pere Marq
CUoo O Guli Aee C B I & P
CUi H & D oonsol s 78. ..1905 A-O 101 "2.
19S7 J.J
'M Kold 4'28
Oln D & I l8l gu g 56. ..1941 M-N ii2%
130 ig 13334
Deo'OS
Feb "04
129^4 Mar'(.4
12'2'4
122»4
130>4 131
12934 12934
122»4
liiO
76
76
lll»8Apr'04
72 >» S'2»4
110 11114
.
<fe
104HjD6C'03
113 Oct '00
112 May'04
f
«c«CCO<fcStL
OinScfeO Se«CCC6tL.
OtaarOeld & Mah SeeBH&P
St L Eon g 48 199S J-D 100 7e Sale
Cler Cm C
<fe
W&
W
W
01 St
4s.. ..193b J-J
J-J
U-N
M-N
U-S
J
J
consol C8..1920M -N
L<S>
fcl986 Q-F
1st gold is...
Bealsterefl
fcl9i6
Cln6<l 01 con let g 68. .1928
ff
1914 J-D
COCA
I COU60179
Cousoi8liikfnnd7s....l914
G«neral oonsol gold 68. 1934
Ke^slered
19S4
Ind Bl <fe
1st pref 48.1^40
l8t pr 68...dl98M
O Ind <fe
P«o & Bast Ist con 4s... 1940
Incoine4«
1990
CI bor & Wli oon Ist g 68.1983
Clev <fe MftrietW &'««Peun BR
Glev & MaJion Val g 68... 1988
Clev & Plttfi See Penn Co
Col Midland let g 48
1947
Colorado & Sou let g 48... 1929
Coluxu <fe QroeuT Se^ So Ky
Col & Uock Val Set- Hook Vai
WW
10188 1021*
101
^a
95
91
105
10034
101
99^4 J'uo'04
9S Feb '04
102 J'ue'04
9« Jan '04
102 Dec '02
9588 101 7g
9934 IOII4
9934 102 "4
99
Jan
105
102
lO'ja
lO'jaJloaSa
'04
102 ita
99
^105
106
lOf looia 102
Si
llOSjliei,
J'ly '03
Mar'04
128
J-J
98 Ha Sale
69
A-O
Apr
A-O
988,
98
59 May'0<
112 >a Feb '04
68
J-J
F-A
Sale
53
84
95
93^
58
05
112 4 1124
Feb'04
116
114'fl.
8334
W Ist 6s.. .1921
Construclion 68
1923
& improve 4«
Ternj
1923
& N Y
Stt Biiig
Ist 78.. 1906
Warren 1st ref gug 8 'g8.2U00
Del
Uud 1st Pa Div 7s. 1917
128 '4
29 Sj
126 ^
1
116
58
84
116
56
82
68\i
89 S,
Begistered
1906
gold Bs
1906
Registered
1906
E6ns& Saratoga Isl7s.l921
Registered
1921
Del Blv BR Bridge SenPaHH
Denvifc R Gr let con g 48.1986
Consol gold 4108
1986
Imyroveiuenl uold 6s...ly2«
RloQr West let g 48.... 1939
Consol and col trust 48 1949
UlaU Cant lei gu tr 4s al917
Bio Gr So ffu See Kio Gr So
Den & S West gen e t g 6s 1929
135
12»7gj'ue'u4
140
1287a 133
.
.
Oct '98
12934 j'ne'04
127
li4«8J'ue'04
11
104
103
106 Is.
1041%.
104 4
.
1^2
104
_ . .
lOS
139
.
14334 Nov'02
138>4.
147i2J'ne'02
84
J-D
21
89
A
DesMoiAFlD «e«CE<fciP
Des M <fc Minn See Cli & N
D68 Mol Un By Ist g 6s,. 1917 UN
De» U & Tol J(«c L S <fc M Bo
Deit <& Mack 1st Uen g 4s. 1996 J-D
May' 04
Apr '04
W
©old 4s
1995
Det Sou 1st g 48
1»51
Ohio Sou Uiv Ist g 48... 1941
Dtilifc iron Bjiogolst6s..l987
BefielertsU
103
2d 6s
1916
DbJ So Shore <fc Atl g 6e..l987
"I
>MV
J 01
frln
•1 Oort
& Ga
<& JiAsi
<ft
M
««« St P M <fc
Set So Ry
Minn
01
XUi*t l^en Va
No
let g 6*. 1941
See Leh<fe if V
M-6
A-O
A-O
J-J
M-N
US
W
M-S
US
J
j.J
J
J
-J
J
JJ
1st cur gu(Se. 1922 M•^
Dookift imp 1st euros.. 19 13 J -J
Y db Green L gu g 68.1946 »»-N
W
Islrcl 68.19»7 J -J
2dgoU14Hj8
general gold 6e
1937
FA
1940 F-A
Terniinal let gold 68. .. 1943
Si
MN
Be*is 6,000 »jacli...l943 M-N
MldRBoIN J Islg 68.1910 A-O
WukA lia let gug 58. 1942 J -D
24
86
See P
C*a
PG
l-^as
Co
see
i>««r«>ll Utt)' (jtft«g6s
U
lOa'ulU't 111
114'*...
Jan '04
115
111
108 79
112
100
01 'e J'ne'03
184
134>« ISC'! 34
130
isinz
98 <
ltd
Ut
116
114 114
113*8 1124
lOeC* 111
Mh>'04
11
&
8
'84'^ Sale
84 U
8»»4
LS
W
W Tex
-61*
Feb "04
G2S "as
r/514 J'ne'04
H8»4
118V S*le ll^Vi
108 Si
138S2
llCtt
98 4
126-4
1854
ua
1194
S<3<)SoPaoCo
Illinois Central Ist g 48. .1951
1961
Registered
1951
IstKold 3SiS
Regis teired
1951
1951
Esteude<l Ist a 3 48
1951
let gold 8s sterling
1952
CoU Trust gold 4s
195'2
Begistered
O&Tex gold 48. ...1953
Registered
196S
Cali-o Bridge gold 4s.... 1950
LomsvUle Div gold 3 4s. 1953
Registered
1953
1921
Middle Divreg58
1961
St Louis Div gold 3s
Registered
1951
1961
Gold 348
Begistered
1951
Spring Div 1st g 3SaS...1951
western Lines 1st g 4s. .1951
Bellev <fc Car 1st 6s
1923
Carb & Sliaw Ist g 43. ..1932
Chic St
O g 5s.. .1951
Begistered
1951
1951
Gold 348
Begistered
1931
Memph Dlv 1st g4s...l961
St L Sou Ist gu g 43
1931
Ind Bl & West SeeO C C <fc St L
1st g 68
1936
Ind Decafc
1936
Ist guar gold 58
ind III <fc fa 1st g 4s
1960
Int& Great Nor ist g 6s. .1919
8d gold 6s
1909
Sd gold 48
1921
Iowa Central let gold 58.. 1938
Refunding g 4s
1951
JeAerson BB See Erie
i3(5"*
182
1184
118»4
I18S.NnT'05
108 Si Jan '04
111
ioi
9i<
102
W\
loa^i
Hi
MaT-u4
111
107»8.
.
10K4 }064
4 111
109
&9»4
993^ 1013,
io2ii
1014 104
1184 1184
H3SiJan'04
113^
11034 M»y'04
107 Si J'ne'Ol
1104
ln64
108
Mar'98
104 4
78
106*4
107
107
10334106
71
78
1024J'ne'04
10134
111»»
109
1034
1054
804 98
602
96 7g
98
94*4
04*.
90
9434
10734 J'ne'04
102
10534
1100
29 I034110<^
107 S: 1074 Apr 'O.
10741074
1073» SaJe
10734
1004
Apr '04
US
Apr'04
1004 1004
1094
116
984 102
106
103 4
100 103
1U3
934
110
9558
7934.
934.
1024106
102
101
95»i
93 Apr'04
101 4 Oct '99
100 Nov'(K>
90»4
103
101
4
934
96=8
80
854
93
03
106
106»4 Mai'ii4
1063, 10634
1-^1
124 4 Apr'04
12441244
90
119
1204
1194
93
96
Nov'llp
NoT'OJ
11934 Mar'04
9358 May'04
119^4
984
Mar'02
101
1064...
106
Mar'04
10438...
96
118
87
1024 Dec '03
102
•
'OS
106
102 Oat '01
10434 May'04
101 Apr'04
1064Mfti'03
106
123 Mav'OO
85 4 Mar'04
.
115
10141014
Mar'03
94
994 Oct
105
116
U3 4Mar'00
1014 Apr '04
107
4 Dec '02
1014 101
Feb '04
121
J'ne'1'4
994....
70
109 ....
874....
121
994
99
874
108
H9
101
llHSgl'Jl
25
NoT'03
110
70
110
106
97
100
1094
'112"
874
85
89
714 73
68
714
an & Mich See Tol <fe O C
Ft S <fc M See St L <fe M V
cfe
E & B see St L <fc S F
KC
M
KC
Kan C & Paciflo See M K & T
Kan City Sou 1st gold 88.. 1950 A-O
714 Sale
MN
IjChigh Val (Pa) ooil g 6s. 1997
N Y 1st gug 4 4s. 1940 J-J
Begiitereri
1940 J-J
Leh V l>r Ry 1st ju g6s.l941 A-O
1941
1933
Leh<fcN Y Ist guar g4a.. 1946
Bsgis tared
1946
ElC<fc N 1st g let pf 68.1914
Gold guar 5s
1014
gu g
Ss.
Hud R See Cent of N J
Wllkesb See Cent of N J
L«roy <fc Uajoey Val See Mo P
Leh
108
,
106*4
.
1024.
114
.
A-O
no
J-J
1074.
954.
.
M-S
M-B
A-O 1004.
A-O 1004.
71
03
Oct
'01
11641194
1194 J'ne'04
1104U24
H34Aiix'('4
Feb '04
112
1114112
lo74Mfty'04
Ui6 4May'(i4
May'04
93
1074
107
104», U.fi'a
108 Jan '04
11868J ne'03
109 4 Oct '99
107 Jan '04
105
105
107
92
107
93
100«8J'*iie'04
100»B lOO"^
1164 J'ne'04
dk
A
See
Ene
Isl'ii— 1st oon 3 5s./il931
Istoousol gold 4s
*iy31
General gold 4s
1938
Ferry gold 4 4s
1922
Gold 4s
1932
Uuifled gold 4a
194W
116
99
98
Dabenturo •o.ld58
110
101
1014
1»84
ret gold 4$
Bklyn
A Mont lelgas..l911
<fe
NashT gen
Naah
1164
J'ne'04
98
lOO^U
Fob '04
101
1014
101
110
J'ne'04
J'ne'04
101
lOl-**
Oct
'0(1
10ia8J'ue'ii4
101
1174«ai«> 117
117 4
112 1164 1 104 Dec 'O:-)
loa
100 Sale UK)
1937
Unined gold 4s
1V40
Registered
1940
Coll trust gold 68
1981
6-20-yr col tr deed c 48.1923
<fc
lie
98
101
100
101'8J'ue'i>4
11341144
984 Sale
im
Ist g 68. ...1919
96'elOl
HO
2(1
110
100410134
105 4Mar'oS
112 Miu-'Oi:
112 4 Jan '02
112 4Apr'0'i
104*4
g 0».lt>»i»
Gold b»
K H
HI
...1911
N YBAM Bl»loonB6sl98{)
N Y * B B 1st g Ss
1927
NorShB l8toouEgu5«ol932
Louisiana A Ark ist g 68. 19^7
i.,ouiev
119
113
9^*8
II.
1004 101%
1164 1174
9k"' i'o'i"
63
101^8
1
11)1 'e
113
(rti
9b3H
»«4 994
1114 J'ne'O-l
11141114
UO.NU.'S— Contlnuea on A«xt k'a«e.
Kluclric l<i«lir
Fuel Gas Co toe Peop Gas
(•fui Riid
54''8.
54
J'ne'04
54
05
96
118
C Co
1928 J-J
944.
97
106
97
It«dsnii (X) G«s mi i; 58..134 v\tn
KttirsCo El
Pg6s...l98 A
Ptiroli»*e Bioury os
iOit, A
M nt
Newark Cons Gas con g f)s 1948
N V G E L U A P g 6»...ie4S
Purchase money g 4s... 1949
Ed El
III 1st OOBT K 5m.
l»l consol gold 6s
I'uo'oa
NYAgEI
Ill
112
61
90
4 001
'01
90 J'De'04
107^ Dm'OO
106 J'no04
.1910
1996
I-AP lsvoong»«l»»0
Rich Gae 1st g^s. 1921
Poo Gas <t C m gu g 6a 1 904
2d guar fold Os
19U4
1st oon (Tola 68
1»4<1
R«*iiUill.nf roldfis
1947
ChGi^* Ck»lstrtlg6s 1P37
NY*
Nov '08
1
1st g 5«...19ir. F
88
to
.
.
J
D
D
F
A
J
M
8
ioe'
1
108
944
104 4
108 4 108*6
94 »4
96
108^4
95
1053, 1()4'hJ'iu)'04
1204
1204
MN
F A
IIH
105
98
100
M«)- 114
Mni-t'4
M N
101«8
Idl
4 J'ue04
D
lois
1224
101
J'netU
a
104
122
108
Ai)r'H4
J
J
J
A
it
I087gl0«4
J
I'on (J <'«»< Ch IstRUtfts.'SO J D
K.<1 « A F Ch 1 8t rug6».1906 J
11 4i»04
J
194 1S14 l?64J'ne'(>4
R<1 k.1 U nkn l8tconK48 198!r J
9:i»8 94 Or
Ma PnrKfao Im ga g rt*. 194 M N
ess
MSJ'Bo'Ci*
MtoUae
>«seLolt«
Lol St Lletg5».rt9l!'
1(1'-',
L let gXs.rtUl! y |f I08
10'-',
Myrttoniw lJ«ht1ng
1(>6
MTrHoniw
IJi^rbtlng let g 6h.'6I J-H
108 Sale 107%
108
J 1)
4106
Milwaukee
wsukee Gas L Itft
48..192'; W-N
lnt 4h..U>2;
t^ t»
8^4 91
Trenton
I»l Ist g fcB..ltt44'
6e..1ti44 ^
90
B A IBl
O
87
874
9 4J »»S
...
4
S*SAfr'04
Afr'04
J
*Io price Frlitay; latest bid and asked tihu week. abueJain & Due Feb dDaeApr eDae.M.ay /iDauj'ly «i Due
L&
J'ne'04
190
101
KalAcfcGB SeaLS&MS
l8t6«
Apr '04
109\
9578 Sale
94*4 bale
L&N
Guar
11714 J'ue'y4,
10«
109'.
23
AnK'02
106
188
US'*
118»,
J'ne'02
107
116
See So Pac
Long
964 1004
984 9H4
10 84
874
86 S 86\
101«8
FA
U l-Oo
<fe
13141864 l»ng Dock
111
Itap
See St
1 St consol g 4 48. 1999 J-J
Begistered
1 999 J-J
Oof <fe H V Istext g4s..l948 A-O
1144 Loh
111
AuK'03
100 1* iia
98 Sj Jan '04
Btilio
c Co
Oocon let g 58...191H
lU Bku See K Co E Ldfc P
Bd k. lU nee ^ Y U ds E L H dt P
LN Y Ist con g 5s. ,1931 Art-K
Sd «
I U A i< uel bee I' (j ct C (Jo
UaaA Klec HergCoc |i;6s.l94'.' J
0*11 I'.le.clri* lieb f; .s4s..iV4- V
D«t
Uii«
111*8
113
J'ne'04
14 J'ne'04
1288 Apr '04
10 J'ne'04
US'*
1947 A-O
<fc
S.
1124
Lifflil
Cb u L A c Co
Term
Gt Nor— CB&QcoUtr4s 1921 J J
1921 Q-J
Begistered. A
Greenbrier By See Ches &
Gulf <fcSI Istref dbtgSs ()195» J-J
Manifest Jo S««G_B<feQ
onaatonw S«« N Y N H A U
<fe
109«4
112
High
ixjKi
61
& Oswegat S»e N Y Cent
Grand Hap <fc fnd Set Penn RB
.
37
ttiice
GK)uv
994 994 I ake Hirie<fc Wist g 08.. 1637 J-J 1174.
1941 J-J 110
92 4 9414 Ij 2d gold 68
North Ohio Ist gu g 5s, .1946 A-O 1104.
37
4A
L Sho Mich S ir*) N Y Cent
6*J4 84
Oil',
Jll.SCKl>lJiM!:<)lJ.>
iinn and Kl«>clric
BuClalo uas 1st g68
HoflS821st5s.l913 A-O 1024....
L«h Val
F-A
924 Sale
Ji^ 126
HB
sue*
JJ
&
TaiH
loss
106»4
1034 1044 1044
74
80
764
Regis toretl
1950 A-O
Kentucky Cent S«4 L <fe N
Kook <fe Des Mo 6'e« C B 1 & P
KnoxviUe & Ohio Bee So B
QS^.
66Sj
lll»8J'ne'04
'111
J
Knel8tgold58..198SM->;
J»R RK 1st gu g 58....all»0» A-O
lX)ug Dock oonsol g 6s.. 1936 A O
X* 1:
W&
B6gist<tr©<l
Leli V Coai Co 1st
0!iic<fc
N
87 8*1«
68 "a 69
89
J-J
X919
1923 M-b
l»ao A O
192M J-U
4th ext gold 58
61* ex I gold 48
let oousol gold 78
19'io
l»l Oonsol g fund 7s
1920
Una let ooD g 48 prior.. 1996
Kegistored
llWij
lat oousol gen Ueu g 48.. 1996
Kejneloied
1996
P«iui coll IT g 48
1951
Buii JS V & line i8t 7s. .1916
BuB <fc B
eo\A 6s
190S
0»»l<fc
92
87
1047 M-K
it) Isl est gold 4s
2U «il goltfes
3doxtgoid4Mi8
9634 101
IO414 IO414
103 106 4
94
99»e
99>aM»y04
99
106
103
83
,
M
W
Feb '01
111
J-D
J-D
IOII4
IO414
J'ne'Ol
99»8
MBy*04
24
98
13334 13714
104
97 '4
88 J'ne04
97 Jan '02
97'4 SAie
A
111014
109 'g 109^8
J'ue'Oi*
99J4
10414
9914 Sale
"i Sale
m 115
4
1004
ios'igil08
A
A
104
12984
lOO'aMay'04
1 09 'e Feb '114
102 Feb '03
13334 Mar'04
149 Aug'Ol
106 J'ne'04
A
J
J
J
J
1123g
.
IS*"*.
loe"*.
M
M
112'>8
1274 1294
.
A
F
M
'04
128'-iJ'ue'04
11412.
103
lo73g.
F
M
Jan
lOfta,
10334
LN
.
J
«
Begistered
1917 M
Alh& Hub let oou gu 78.1906 A
Guar
11 208
105
106
Range
Jamut.ry 1
Asld[L«w
HtuK
120 J'neHH
1174
Houst&TexCen
i28
128
104'.2Noy'01
A-O
y-J
Oonu & Term See N <fe W
Conn <fe Pas Blv8 Ist g 48.1943 A-O
1\ak & Gl So See CM & St P
/ftllaa <fe Waco See M. K & T
lllJ^.
Del Lack & Western 78... 1907 U
Lackcfe
oons 08.1921 J.J
Houst E
J-J
Morns<fe Essex lsl78...1914 M
Istoousol guar 7s
1915 J
Kegistered
1916 j
Istrcf gug 3 4s
2000 J
Penn Oo
1st
Hock Val
ioi<
110'-2ll5l4 115>4 J'ne'04
120
S»e
Gray's Pt
98
98
94>2 Aus'OS
J-D
J.J
87
1
B%*
Pitta
d&
T H
July
Istinujeral gold 5s,
1942 A O
Mt Vernon let gold 68.. 1928 A
Sull Co BrajicJi 1st g 63.1930 A-O
&x & Ind 1st con gu g6s..li>!tO J-J
<fc SI P
H>argo Jb So Ste Uh
Unt & Per* M Ht« Pere Mar
Fla C <S» Penln See Sea Air Line
Furt St U D Oo Ist g 448.1941 J-J
Den O Ist gee.... 1901 J-D
Ft
Ft W<fc BloQr Ist 8 48... 1928
I ' al Har <fe S A
S»« So Pao Co
'
Col
NY
&
WaeK's
Bangt or
Lasi Hale
Fndav
.So''
ElNTJtNTJ JtTI,Y 1
Georgia & Ala Se,e Sea A line
Q» Oar & Nor See Sea A Line
Georgia Pacitic Se» 80 By
Gila V Q €& Nor See So P*c Co
IIII4II2
CIStL&C
M DiTlstg 48.1991
Gin
S» L Dlv 1st col tr g 4s.. 1990
1990
Besrletered
8pr<JbOolDiv Ist g48..1940
Val Dlv I8lg4s...l940
Urle
Erana
Nor Wisconsin I8t6s...l980 J-J 129
St P & S City l8t e 6e...l9iy A-O 123
OBJroDlv let gold
WEIEK
J
met
STOCK EXCHANGE
N. Y.
Htnc0
January
Ponn Co
P M & O con 68. ..1930 J-D 131>«132V> 131
93
Cons Os reduced to S>v8.1M3<» J-D
ISO'4
131
Oil St 1' cfe Minn letRBs 1918 M-N
Chio<fe
BONUS
Hange
}^iee
fYidav
July 1
91
2
.1
101
ISS
1094
1064
104
101
107
l^'W
1094
lOJ4M»j'>i4
Mar'04
101
106
Apr '0-1
HW
Fnb'oi
106 Kg 10834
90
95
1024 05 4
1204
I0O4 102
1
lift*,
KM)
100
1014 1014
101
108
118^ 1*4
108
104
106 4 10414
H)4 1 0« 4
an
101-14
106
106
Aug oDaeOoC ^DaeDeo ^Optiuc
sal*
92
Bond Record
UOM>S
N. y.
STOCK EXCHANGK ct
Wkkk Endino Jult
Loul8v
1
Nashv (CoiUinued)
((:
LCiD& Lei>rolil4H.3...1ii:U
J.J
NOAM
Ist
-J
NO& M
M-N
'_>rt
Kolil t>H....li":SO
ll>:iU J
poll! tis
Peiisncola Div jto'*' C8...11'2(l M-S
St L Dlv l8t KOlil Cb
l'.>21 M-S
1980 M-B
2<lpoM 3s
Uender B(l(?e 1st sf (rGs.liKil M-9
Kentuckv Cent pol<l 48. .1987 J-J
L<fcN<fcM<feM I8tft4'^8l045 M-S
1S)52
M joiut 48. 105'2
L<ft N-^^outn
Regi8tere(l
/Vice
H'ee*'*
yrtday
July 1
Range or
Last Sale
.
123 >«.
110
121 >3
92
J.J
J-J
11434.
F-A
F-A
112
A-0
M-S
106
98
MS
anhattan RyoonsoU8.1990
1990
liCKistered
Metropol El Ist g fi8....1908
Coloniz g 6s. ...1934
Mahon
ManSW
V
MoK'pt <fe B
AVe
N Y Cent
Metropolitan El tiee Man By
Mex Cent consol gold 48.. 1911
let consol Income g 38.al939
2d consol income g 38..ol939
1917
£qnipt& coU gold 5a
1919
2d series gold 58
Colltr g4'.2S Ist Ser....l907
Mexlntornat Ist con g 48. 1977
Stamped guaranteed
1977
Mei North Ist gold 68
1910
N
W
MU
MU
M
114'4
.
.
.
J-J
62
1338....
T-a
63
Nov'99
9714
99I2
89"" 94"
931..
116
116
112
9lia
116
115
115
O8I2
101 la 105
107i4ll0i«
65
64<b
13 J'ne'04
734
7
60
12
71 1q
1634
6
934
A-0
A-O
FA
9234 Sale
92»4
9314
90S8J'ly'01
M-9
M-S
J-D
18
91
96
May'OO
105
138 142
108 14....
Deo '03
142
11238 Dec "03
1201a Feb '04
11218116V! 121 Jan '02
115 ...
11534
IKi
96
SB's 96i4J'ne'04
118'8....
I20ial20ii2
10 113
116
9512 98
<fe
M
.100
M &M
Dal<feWa l8tgug58...1940
Kan C & Pao 1st g 43. 1990
MoK<fe E l8tgug58...1942
M K <fe T of T Ist gu g 5s. 1942
Sher Sh <fe So 1st gu g 6s. 1943
. .
Missouri Pacific 3d 7s
1906
1920
Ist consol gold 68
Trust gold 5s stamped. al917
Registered
ol917
1920
Ist coU gold 5s
Cent Br Ry 1st gu g 48.1919
Leroy&CVALl8tg5sl926
R of Mo Ist ex g 48.1938
2d extended gold 5s. ..1938
St L Ir M<fe Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified & ref gold 4a.. 1929
Biv & a Div Ist g 48. .1933
Registered
1933
Ist g 5s. 1926
Verdi V I &
Mob <& Birm jirior lien g 5s 1945
1945
Mortgage gold 4s
Mob J <fe K C 1st cons g 5s. 1953
Mob <fe Ohio new gold 6s. .1927
Pac
W
Ist extension gold 6s..?il927
M-N
FA
98 >a 9S»4
70
78'ii
100^4
98
Apr'Ol
103
Nov'Ol
981a
781a
101
82
102
.
86
9712
"ssa
9834
961a 100»4
75'a 81
981-2 10438
79
102
Mar'04
Jan '04
80
102
86
8^34 T'ne'04
82
102
883<
11,
M-N
M-N
M-S
J-J
J-J
J-J
J-D
MS
M
Mohawk & Mai SeeNVC&H
Monongahela Riv See B
O
Mont Cent See St P M & M
Morgan's La & T See S P Co
W
Morris & Essex See Del L
93
9334
101
I0914.
87 Hj.
9034
91 14
9334 J«ne'04
48
84
91
9II4
94
.
124
117
95
111
87
96
lllia Mar'04
91
lllialll»a
91
91
Feb '04
12334 J'n6'04
121 Apr'04
9513 93 J'ne'04
12334 1261a
...
...
121 130
90
94
113iall4
881a 91
1131.2 May'04
92 12 90 May'04
98iaNoy'03
...
...
J-J
1928 A-0
Jasper Branch 1st g 68. .1923 J-J
T
<fc
P
5s
W Ai Isl 68...1917
.1917
Branch Ist
Nash Flor
<&
&
68..
Shef
See
L& N
120Tg
11314.
1241a
II318
113
113
112
113 Deo'99
113iaJ'n6'04
111 Dec'99
.
.
.
.
Katof Mex prior lien liflS. 1926 J.J 102
1961 A-O
Ist consol 48
78
Sale
NewH&D SeeNYNH&H
N J J unc R Jl See N Y Cent
New & Cin Bdge See PennCo
N O N E prior Uen g 68 pl915 A-0
N y BMn & Man Bch See L I
N Y Cent & H Biv g 3 "as. 1997 J-J
I24I2
113ie
100
1031a
78 194 73
761a
1031a
78
<fc
Registered
1997
Debeulure 58 of.. .1884-1904
Registered
1884-1904
Registdeb 58 of... 1889-1804
Debenture g 4s
1890-1905
1890-1905
Registered
1905
Debt certa ext g 4s
Registered
1905
Lake Shore collg 3'28...1998
Registered
199.S
1998
Mich Cent coil g3»2S
Registered
1998
Beech Creek Isl gug 48. 1930
Registered
1936
2d gu gold 5s
1936
BeecUCrExtlstgSWjsftl'JSl
Debenture g 48
DetMon&Tol
99 la Sale
J-J
M-S
M-S
MS
lOl"^.
101 .
100
M-N
M-N
100
F-A
F-A
FA
F-A
J-J
J-J
J-J
A-0
99
100«8
J'ne'04
10134 j'ne'04
100^8 Apr'04
18
Si9i«
J-D
J-D
1
98
99''8
100
10238
10034 lOO'g
lOOWjlOOi-.
10038 Mar'04
100
99ial01i«
May'04
9yi2Nov'02
92
9234
32
6
91 H»
911a
9014
91 258
91 Jan '03
104 >8.
106>8
10338.
107»a.
102
10038
Dec '02
9934
101
92 >4 9234
91 14 92
91 Sale
9334 10134
100 la Mar'04
99
101
Trust Coctfa
1920 J.D
Kan AHCAClstsfg 58.1 95 J-J
Val Coal Isi g s f 5s. 1928 J-J
RocliAPitCA 1 pur m 58.1946 M-N
99
7 134
"69'
103
10534
106ifl
Mar'04
JJ
and asked
56 Nov'OO
105 Mar'04
99 J'ne'04
73 MBy'04
6908
69 "8
115
J'no'0'.i
107
May'97
8e
86
9234
85 14
Ist g 3158
llOia
1201a
121
102
91
i04"
iotji^
102
102
122
Jan
'04
109»8ll2>4
122 122
1'27
J'ne'02
J'ne'04
105 la 10614
106 14
lOOiaNov'OO
J-J
Q-
Q-F
Q-F
-D
100
Sep
9714
113
Apr'04
'03
113
IO214
1041a Sale
IO4I4 Apr'04
IO4I8 1041a
101
Mar'04
lieia
U5iall7ia
1163^ J'ne'04
11334 Jan '02
11634 11534
104 IO414
17 10234 10434
101 101
122'%.
131»4Apr'03
100 14.
101 Tg Apr'04
101 Sep '03
lOl'elOl'a
103
103 14
Dec '03
29 100 Is 103 1»
100
9913.
103
Sale
m
niia II212 Apr'04
127 la...
130
127
1251a-..
132
133
.
13134
Aug'03
Nov'03
1321a
lOOia
100
93 14.
1081a.
9934 J>ne'04
93
931a i29
107 1-2 J'ly '01
100 la J'ne'04
101
.
104
Sale
741a Salo
104
106
104 la J'ne'04
74
741a
7238 J'ne'04
97»8 -Tan '04
7134
96i«
112»«
24 126i4l32»a
78 OeialOOiQ
100i4 8aae
Q-J
J
96I4
.
1131a.
1161a.
1905 J-J
1905 J-J
9934
99^
871a 93i«
99k 101^
101 la 105
101 104>a
7014 74>«
6834
72%
97»8
97"^
1996 J-D
Begistered
C B A Q coU tr 48
See Gt Nor
gen g 6s.. ..1923 F-A
Registered certifies. .1923 Q-F
St Paul A Dul Ist 58. ...1931 F-A
2d 58
1917 A-O
l8t consol gold 4s
1968 J-D
Wash Cent 1st g4s
1948 Q-M
Nor PaoTerCo 1st g 68.. 1933 J-J
Nor Ry Cal See So Pac
Nor W18 See C St P M A O
See
NOT'03
Jan '03
96^4 May'04
67
1094
108^
98 10034
98
98
98 >a 1007,
10938 Apr'04
M
N Y A Nortli See N Y C A H
N YO A Wretl8tg4s..ffl992 M-S
Regis $5,000 only
srl992 M-S
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
Nor A South 1st g58
1941 M-N
Norl A West gen g 68
1931 M-N
Improvera't A extg6s..l934 F-A
New River Ist g 68
1932 A-0
N A W Ry 1st con g 4s. 1996 A-O
Registered
1996 A-O
Pocah C A CJoint48..1941 J-D
Nor A Mont
10534
106^2
1091a
M
Utica A Blk Riv gug 48. 1922 J
N Y Chic A St L Ist g 48.1937 A
Registered
1937 A
N Y A Greenw Lake See Erie
NYAHar SeeNYCAHud
N Y Lack AW See D L A W
N Y L E A W See Erie
N Y A Long Br See Cent of N J
NYANE
SeeNYNHAH
New York New Hav A Hart—
Housatonlc R con g 58..1937 M-N
N H A Derby con g 5s..l918M-N
StP ANP
121
139
126
127
113
Registered
2000 M
NY*
North Ist g 58... 1927 A
R W&O con l8text58. 711922 A
Oswe A R 2d gu g 58...el915 F
R W A O T R Ist gu g 58.1918 M
NYANE
1st 7s
Ist 6s
10713
1181a
1171a
Bate ASturl8tgug38.1989 J
Y A Harlem g 3 "as... 2000 M
126
110
11034
100
I2214 Mar'04
l22i«ia2V
132 J'ly '99
112 14 J'ly '03
1061a Apr'04
10513 108>«
9314 100
841a
11034
96iaNov'08
85 May'04
113iaMBy'04
108
109
114iaMay'03
85
86
111
118>t>
lOS
110
N Y Cent
AW See C C C5s.l936
A St L
OInd
hio River RR 1st
108iaJ'ly'02
NYC
W
1921
Gnar 3ias coll trust reg.1937
Guax3iaacolltr ser B...iy41
Tr Co certif's gu g 3i2S.19i6
C St L A P 1st oon g 5s. 1932
Registered
1932
Cl A P gen gug 4 las ser A. '42
Series B
1942
Seriea C Shja
1948
Series D3ias
1950
Erie A Pitts gug3i28 B.1940
Series C
1940
Bdge gen gug4i.28 1945
Registered
NAC
PCCAStLgu4ia3A...1940
1942
Series B guar
Seriea
Series
Series
911-j
PittaFt
C guar
D
1942
1915
1949
C 1st 78.. .1912
1912
iaguar
E 3 "a guar g
WA
J-
M..
MAAJ-
AM-
106
92
961a
A-
109 "8
108
102
92
117
116
RR
94
98
10534
102>«102>«.
Apr'02
IIOI4
1063,
108 llo>«
1053410813
102 Nov'98
92i4Deo'03
96I4
1181a
961.
llSia
96»e OOV
118 113»a.
IOSI4 Aug'03
95
1091a
F.
102
110
108
113"8
112B8
9418
102
J^6'04
1021a J'ne'04
117
AMM-
107
9138
FJJJ-
J.
J.
2d7s
/il912 A3d 7s
Ist real est g 4s. 1923 MPenn
96
102
92»8
9238
9834
Jan '04
Nov'OO
96
Apr'04
9334
Apr'04
110 Mar'04
1161a Feb'Ol
101 la Jan '04
90 la J'ne'04
12708Oct'02
121 Mar'04
119 Apr'04
jl07 la Mar'04
108
II914
1041a 108
108
96
983*
110
10934 llli»
101ial01»«.
90
92
121
119
121
119
1041a 107 >«..
913,
W
this
\tb
106
95I4IOO
69
791a
691%
731.2
Oct '00
9134
9134
106 Apr'04
108 J'ue'04
102 Dec '03
105iaJ'ue'04
71 J'ne'04
32 Jan '00
week,
a
Due Jan
N«-xt i'ng.-
anil
Telephone
Am Telep A Tel coll tr 48 1929
1024001 '03
100 14 Feb '02
105
Tenn Coal gen 58
1951 J-J
91
Tenn Div lat g 6s
al917 AO 1024
Birm Div Istconsol 6s. .1917 J-J luo'-j
Cah C M Co Ist gu u: 68.1922 J-D
De Bar C A 1 Co gu g 68.1910 F-A 103
Va Iron Coal A C Ist g 5s. 1949 MS
latest bid
J
F
N
Telesraph
Pleji3
NopnceJrriOayj
1951
1962
07 la Sale
106 Sale 10534 106
99i4l003e 99 14
99
98 Apr'04
lOQTgSale 10038 lOOV
1041a
114 Feb '02
J
i92« M
Ist 7s. 1906
High Ao Low BtgK
Apr '02
1905 JConsol sterling g 6s
Con currency Os reg..,(/1905 y-
Gr Riv Coal A C Ist gOs.. 1919 A-O
JettAClearCA I Ist g 58.1920 J-1) 104
WhLE A PC Co 1st COS. 1919
1
J
1934 J
McKeesA B Vl8tg68 1918 J
Mich Cent Ist consol 68.1909 M
1931 M
58
Registered
1931 Q
1940 J
48
Registered
1940 J
nilSsCELLANEOUS BONDS—Continued on
Coal nud Iron
Col C A I Dev Co gu g 58.1909 J-J
Col Fuel Co gen gold 68...i919 M.N
Col F A 1 Co gen s g 53.. 1943 FA
Convertible deb g Ss
1911 FA
2d gold 5s
2301
1997
1997
KaA(feGRl8tgnc5s.l938 J
Mahon C'l BR Ist 58. .1934 J
Pltt8McK&Yl8tgu68.1932 J
120 I24I2
llOialie
1
104iti 1031a
96
Oswego & Rome See
C F A St P See C A N
pao Coast Co Ist g 5s
1946 J-D 107 Hi.
1 ac of Missouri See Mo Pac
llSiallSia Panama Ist s fund g4ias..l917 A1021a.
Sink fund subsidy g 6s.. 1910 MPenn Co—Guar Ist g4ia8. 1921 J107
<fe
McM M
Registered
Lake Shore gold 3 las
J-D
g
General gold 5s
1937 A-0
Ore A Cal See So Pao Co
Ore HB A Nav See Un Pao
Ore Short Line See Un Pao
<fe
St List 78.1913
Nash Chat &gold
Alk Low
107«aJ'iyOO
105 Oct '02
106>3NoT'01
Nor & Mont Istgu g 58.1916 A
West Shore l8t48gu... 2361 J
ifl
1938
General gold 4s
Montgom Div 1st g 58. .1947 F-A
Caiio
coll
4s..el930
L,
&
St
g
1931
Guaranteed g4s
See Southern
<fe O coU 48
1st consol
GouvAOBwel8tgug5s 1942 J
Moh Mai 1st gug 4m. .1991 M
N J June R gu iHt 4k...19'«) F
N Y&Pul8toongiig4H 19',i:i A
M-N
WW
89 V*
January 1
86 la.
48. 1940 J
110 J'ne'04
A-O *110'^
1061a 111
31 99
102 13
M-S 102^2 Sale 10134 102
J-D
103 May'04
100 103
M-N 10739 1073^ 10738 10738
10034 1091a
I2OI4 J'ne'04
M-N I20I4
11838 1223g
M-S 107 Ha Sale 1071a 10734
104 10734
CCATlstgug58
1922
M-S
ScioVANElstgug4sl989
IO8I4 12 10334 108^4 North lUinois See Clii A N
F-A 108 10834 108
FA 94
95 J'ne'04
91^8 96
North Ohio See L Erie A
100 May'Ol
J-J
981a
Nor Pao— Prior lien g4s.. 1997
F-A 103
103 J'ne'04
101 103i«
Registered
1997
11334 May'04
109iall4ia
J-J 11234
General lien gold 3s
a2047
A-0 11534 Sale 11534 116
11138116
Registered
a2047
A-0
10934 Oct '03
St Paul-Dnl Div g 4s.. ..1996
J-J
Sine*
Last Sale
<fe
122
NW
NW
St
f
Bang*
n'etk't
Hanye or
July I
Bid
<fc
Gloarf Bit Coal lata
Lxxn.
J-'riday
OartA Ad Istgn g48...1981 J
J'iie'02
104i« 105
103''8Dec'02
110>« llOi«
J My
J'ly
J-J
J-J
SS
& A Ist g 4 int gu 1926 J-J
Minn Un 6'ee St P
Mo Kan & Tex let g 48... 1990 J-D
2d gold 48
(/1990 F-A
Ist ext gold 58
1944 M-N
St L Div 1st rel g 48. ...2001 A-O
M
Hii/K
JLASlstg3ia8
L gu See B C R N
MStP&SSMcong4intgu'38
M & P 1st 5s stpd 48 int gu 1936
&
119
116 J'Be'04
115 Jan '04
112 Al)r'04
110 Mar'03
93iaJ'ne'04
.
A-0 106
A-0
J-J XQT^.
J-D
South West Ex Ist g 78.1910 J-D
1934 M-N
Ist consol gold 5s
Ist and refund gold 4a. .1949 M-S
Minn
11638.Mai'02
122 Apr'04
931a
JVice
Ca,
2dgnar68
See
Y Cent
See Erie
See Chic <fe
L S <fe
<fe Mad
See Chic A
MU & North See Ch & St P
Minn & St L Ist gold 78.. 1927 J-D
1909 J-D
Iowa Ex Istgold 78
Pacific Ex Ist gold 68... 1921 A-O
Mich Cent
Mid ot N J
12334 126
1
Registered
F-A
Hee C I cSi L
Coal See L S A
Mar'04
12234 Aug'03
99i2J'ne'04
107'aJ'ue'03
5s. ..1037
L N A & CU
Low
125
ibe'
Pens <fe Atl l«t (TU g G8..1921
S <fe N Ala con gu p 58..193(>
1910
Slokfund goltlGs
L 4 Jeff BilKeCopug48..1945
NFla<fe 8 lBt)fU e
Hiyli
10814 Jan '03
98
107 >a.
STOCK EXCHANGE
Wkkk Ending July 1
N Y Cent H l1^-( Continued)
N. Y.
Since
76
113
74 Hi
[Vol.
3
BONUM
Hanye
January
Atk Low
Bid
107
—Continued— Page
9134
913^
106
lOlialOS
102
100ial05ia
671a 73
J-J
Comm Cable Co'lst g 48..2397 Q-J
2397
Reglatercd
Erie T A T col tr g s f 5s.. 1926
1918 M-N
Met T A T let a t gSs
Mut Un Tel Co See Westn Un
N Y A N J Tel gen g 5s. .1920 M-N
No Westn Teleg See West Un
96
94
1004 Oct
90
94
109
Oct
'00
'99
i09^8!!"" 10934 J'ne'04
10934 109>4
105 14 J'ly '03
105
West Union col tr cur 5s. 1938 J-J 10634
FU and real est g 4 "as... 1950 M-N 103 14
Mut Un Tel s fund 6s. ..1911 M-N 106
North w Tel gu £ 4 "as g..l934 J-J
1083, J'ne'04
10334 102^8
1034
107 J'ue'04
10334 Apr'04
106
44 1014
107
100
108*4
104 >4
107
103\
&
Indutttrinl
.>Innuinctiiring
1915 Q-F
CotOU ext 4138
L lat 8 t g 68.. 1919 M-S
Hide
Spirits Mfg 1st g6s..l915 M-S
Thread l&tcol tr 4s. ..1919 J-J
Am
Am
Am
Am
94
961a lOOiaApr'02
A
97I3
80
9812
Sale
S5
80
764
6 Due Feb e Dae May ^DaeJ'ue /ibueJiy p Dae Nor
974 J'ne'04
80
70%
87
79
«
87
79
Option
sale^
95
70
82
74
997*
81i«
88
7»
—
1
July
Bond Record—Concluded—Page 4
2, 1904.]
BOtiUa
STOCK EXCHANGE
WEEK ENDINH JDLT 1
Penn RR—( Continued)
N. T.
-:!t
Week's
Last Sale
Bid
Range
As/c
1061-2
96''2
97
IO8I2 1081a
107 1*
117
121
98
109
120
109
121 .
»7'4.
105
120
109 14.
.
.
May'OO
May'04
1201a
J'ne'04
Apr '02
J'ne'04
May'04
llOiaFeb'04
110b.
123^
98
98
IIK
120
10734 llOia
lOOmiOia
U9i4Apr'04
137
II9I4IIOI2
Nov'97
S
.
1081a.
1997 J-J
1997 J-J
Begistered.
coll
Cent
4s.
..1951
Jersey
g
A-0
Kensseluer & Sar Hce D & H
Eicli & Dan See South By
99
Sale
95
Sale
lieiallSV,
1141s May'04
101
99
99 J'ne'04
ii4i«n4i8
94«8l01
99
98
9138 96
95
Bicli&Meck ;&'«« Southern
KioGrWest 6'ee Den Bio Gr
<fe
Bio Gr June 1st gu g 08. ..1939 J-D
1940 J-J
Bio gr So 1st gold 4s
Guaranteed
1940 J-J
Eoch
&
Pitts
108 IIII2 no's J'ne'04
82 Sj...
68
68
92 Mar'03
SeeB H& P
Og See N Y Cent
Borne Wat &
Rutland Ist con g 4>as
1941
But-Canad Ist gug4s... 1949
H
Tus
&
See Pere Marq
Sag
tJo&Gr Isl Ist g 48. -.1947
St Law & Adiron Ist g 5s. 1996
2dgold6s
1996
St L <& Caiio See Slob & Ohio
llOiallO^g
63 Si 68
10334 MRy'04
J-J
J.J
10334 104
101i4Nov'01
81
J-J
J-J
84 la J'ne'04
84
,
,
'
,
KC<feMB«feBlstg-u5a.l92y
101
8t Louis So See Illinois Cent
Ist g 4s bd ctf8.1989
St L S
2d g 48 luo bond ctl;8...pl989
Consol gold 48
193V
Gray's Pt'l'er 1st gug 6s 1947
St Paul & Dul See Nor Pacific
<fc Man 2d 6s... 1909
St PaiU
1st cousol gold 63
1933
Begistered
1933
Reduced to gold 412S..I933
Begistered.
1933
Dakota ext gold 68
1910
Mont ext 1st gold 43. ...1937
Registered
1937
E Minn 1st div Ist g 5s. .1908
Nor Div 1st gold 43
1948
W
68
Lake
1st g s
I
112"^
96i2May'o4
Jan '04
100
8O34
9434
78 In
68 1«
943^
733,
69
109 Mbj'04
132 J'ne'04
140 May'02
110 J'ne'04
lieigApr'Ol
109 la.
101 >».
1091a May'04
102 May'04
103»8.
106
104
May'Ol
Aug'03
128
136
Apr'02
123
.
1811a.
Apr '04
115 Apr '97
114iaMar'04
11434
liaHj.
.
117
Jan '04
110
Jan '04
11334
Deo '01
M <fcO
68.. .1913 J-J
9934.
W
N
E See Nor <fe
SCioto Val &
Seaboaiil Air Line g 4s ...1950
CoU tr leluud g Ss
1911
Car Cent lat con g 48... 1949
i'la Ceu ife Pen Ist g 68.1918
Ist laud gr ext g 68 ...1930
Consol gold 58
1943
Ga Ala Ky 1st con 5s ol945
Ga Car & No 1st gu g 58 1929
Beab <& Boa Ist 6s
1926
SUer Slu' & so See
K <fe T
Sll Sp Oca <fc G See Atl Coast L
Sod Bay & So Ist g 58
1924 J-J
So Car <fc Ga See Southern
&
M
80 Pac Co— CoU tr g4'2S..1905
Gold 4s (Coil t Pac coll)./tl949
Begistered
/>,1949
N 1st gug 58 1941
Cent Pac Ist ret gu ^ 48 1949
Begistered
...1949
Mort guar gold 3 »23.. A;1929
69
,
lOlia.
991a.
1031a.
106
io6^4
1021a.
994.
100
9339
W
Sale
971-2
881'..
J'ne'04
Sep '00
I06iaFeb'02
10534 J'ne'04
108
108
llH4M8y'03
87
102
87 "a
lOOia
Jan
'03
lOOSp
93 ^
100
't,
99 "4 Mar'03
87 H,
&i
.
.
10334
Apr '04
107
105
105
103
J'ue'04
J'ue'04
.
i02'.2.
1031a.
F A
P A
A-O
J -J
J -J
A
F-A
J
-.'-
—
614
6114 Sale
64 Sale
6138
96'-^
99
99
92
92 4
96
1084
M
N
J
J
F A
"98""
"977e
90
67
88
38
14
3
110
764
>
Friday; latest bid and asked.
634
No Low High
110
112
9278M.aV04
112
118
904 934
127
4 Feb '02
130
121
Apr'04
May'04
130
121
107
1064
113
98 4
100
86 Sale
85
106
108
J'ne'04
10638107
117
1304
J-J
J-J
J-J
J-J
10434 105
121
10534 Sale
10134
A-O
A-O 102 >4
A-O 104 4
AO
A-0
M-N
116
116
109
107
105
Jan '01
Jan '04
874
11'.;
May'04
10534
1053.
100
87I4
108
4 10584 1081*
May'04
Oct '03
Apr'04
102
102
102
100
76
105
1014102
102
102
1164 J'ne'04
11541154
1144Apr'04 sl2 11441144
Keb'04
119
109
J'ne'04
108
Mar04
119
107
108
119
110
1083*
101 Feb '04
1114(>ct '02
103 Jan '04
116 Sale 115
118
1164 110 Feb'04
95
94^8
95
1117,
113 Dec '03
95 Sale
95
98
116
117 4 Apr'04
944 96
9638
95 4
101
101
103
111
108
103
118
110
May'04
118
113
F-A 101
M-S
J-J i004
J-J
J-J
M-S
J-J
J-J
J-J
J-J
W
9234
964
9341 98
115
914
1174
9638
A-O
87
J-J
J-J
11434
1121*
II8I4
118
1094112
1204
1204
1184
1184
112
123
112
J'ne'04
11834 122
l'.;2
May'04
J
M-N
M-S
J-J
J-J
J-J
A-0
M-N
113 4 Apr '04
FA
J-J
J-D
110''8J'uo'04
1124
iU
11238 J'neli4
112
86
92 Sep '02
105 4 105 4
123 Feb'02
110
110
115 Jan '03
11138
11334
...
117
PA
112
123
iiei^
11238
103 4106
1133,
110
110 4 May'04
93 Dec '03
iia^ainii 116 J'ne'04
120
1134
1194
iio" lio"
11334
11041124
92
11241164
J'ly'OO
1044 Sep
A-O 110«8lll4 110
A-O
20
11438
1124
M-N 112
J-J
117
109
118
'02
May'04
110
1174...
112 ...
1164J'no'04J
110 Mar'04
110
110
102
102
102
27 115
80
102
119
93
Sale
11878
11834
81
86
1094
1064
11238...
1114...
103 1074
93
88
848b Sale
714 Sale
91
112
102
118 7,
80 j'ne'O^
109 May'04
106 4 Mar'04
114'8 May'04
111 May'04
106 Apr'04
93 May'04
92 J'ne'04
8434
85 •'e
110
11241164
108
101
noi«
1034
1124 116
111
105
91
86
81
68
704
714
Apr '03
1104 1124
111
106
93
92
85»i
7234
98
Sale
Sale
104
99^8 SaJe
10241024
1233(,
1144
9738 Sale
10608
103 'e 106
104 May'04
9934
100
1064 1124
43 100^4 106
10038 104
973 944 1004
9634 984
984 102^8
98 4 J'ne'04
10238 102 4
124 4 124 4
117
117
9634
974
1204 1244
219
Dec '03
1144Apr'02
111 117
90eB 974
112
W
J-J
1014105
M-N
lJ74Sale
F-A
J-J
J-J
1094
96
57
Sale
M-S
J-J
10041044
1144118
1044 J'ne'04
1174 1174
109
1094
94
664
J'ne'04
67 4 150
Jan '04
1104J'no04
90 Feb '04
102
107*^.
95
83
J-J
A-O
MS
A-O
106 4 10934
94
94
iiS
56
Ul2
102
10641104
90
83
98
83
Mar'02
1.094 Mar'03
79^8
90
83
W
8534
174
"36
97
97 14
84
Income 58
cil943
West No Car See South By
102
101^8 West Shore See N Y Cent
VaCent<fe P Istg 63.. 1911
Whoel'g & L E Ist g'6s...l926
88
Wheel Div Ist goltl 5s. .1928
Exteu & Imp gold 6s. ..1930
873,
W
100 4 1033,
10538 1084
108
105
Deo '03
Nov'03
Ist 00U80I 48
Wilkes & East See Erie
Wil <fc Sioux F See St P M
1144.
OS-Is
Apr'04
May'04
40
Mur'Ol
J-J 1064
A-O 1134
112
112
Dec '03
J-J
10834
1104 May'04
110
109
J-J
A-0
Nov
F-A
1949 M-S
116
30
50->-r 1st
gen 48.1949 J-J
115
93
914
91"
894 904
91
914
93^
11041104
Apr'04
914Sale
116
1094 114
Apr'04
&M
Winona & St P 6'ee C & N W
VVisCeni
109
86
15
109
914
884 914
BONOS—Concluded.
Sale
Adams Ex
Jan
'00
613^ 317
61-'.(
6
5334
5734
64
614 684
Sep
Jau
S,
76
6234
61-'4
'03
'9\)
Fell "04
92
108'..,
lor.
103 J'ue04
93 Feb '03
9779
98
87 J'ne'04
97
10 S 4
J
Income gold 6s
194(i
U S LeathCo6ldcL>g68..1913 M Is
U S Steel Corp col Ir 2il 6s.d'6;i M-N
Begistered
April i^\i,>
196; ^Ti-i.r>i.w»
M-N
^'"o"""-'
No price
106
61 4 Sale
A-Oi
A
J'ne'04
niiscellaueous
Bar <& S Car Co
Consol Tobacco 50-yrg 4s. 1961
Registered
1961
DlstU SecCorcouv Ist g 5.s.'27
Distill ol AiiKT coU tr g us. 191
111 Steel Co deb 6s
1910
Nonconv dcben os
1913
lnt Paper Co 1st con g 63.191b
lnt St I'uuip 10-yr conv. 6.s '13
Knickor fee (Chic) lat g 68. '2.'^
Lackiiw .steel 1st g 63
1923
Nat Starch Mfg Co Istg 68 19^0
Nat Starch Co s 1 deb 58.. 1926
Stan Rope <fe T 1st g 68. ..1946
A-O
W
iVllSCEM.ANEOUS
O'laniilactiiring «.V: Indimtrinl
Ist g 6s. ..1942 J -J
J-J
1926 M-S
1936 M-N
M
791a
Apr'04
Since
January 1
A-O
M
Jau '04
Apr '04
110i4Feb'03
10713.
105
W
93
LOO
10034 IOOI4
9334 93 ife
100 la 101
108
102
69
98
102
gyia
Registered
fcl929
Gal Har<fc S Alstg63..1910
2d Hold 7s
1906
Mex & PaclstgSs
1931
Gila V G & N 1st gu g 5s. 1 924
Hou3 E &
T Ist g OS. 1933
1st guar 58 red
1933
69
98
J-J
Jiifili
112
M-N 10534
C 68. ..1916 M-S 1114
1921 M-S 1084
Xer A of St L 1st g 448.. 1939
96
1894-1944
100
Ist con gold 58
Bge Ter gu g 58.1930
St L
84
119iall9ia Tex & N O See So Pac Co
280 78
Tex & Pac E Div Istg 6s. .1905
82
2000
Ist gold 5s
92OOO
2dgoldinc68
1931
La Div B L Ist g 5s
914 96^8
WMinW&NWl8tgu58'30
70 >a 781-2
1936
65 19 7434 T0I& OC Istg 5s
Western Div Ist g 53. ..1935
1935
General gold 58
1st gu g 4s.. ..1990
lO'i^llOia
Kan ife
Tol P <fe
let gold 4s.. ..1917
130 132
TolStL& Wpr lien g 34s. 1926
1950
50-year gold 4s
107 "a 110
Tor Ham <fc Buff 1st g 4s. /il946
lOOHjlllia Ulster & Del 1st con g 6s 1928
n Pac BB & 1 gr g 48. .1947
100 103
Begistered
1947
1911
Ist lien convert 48
Begistered
1911
Ore By <fc Nav con g 4s. 1946
Line
1922
Ore
Short
let
68..
136»8
g
133
1st consol g 68
1946
1927
4s <fc participating
1141311412
1908
Utah & Nor Ist 78
117 117
Gold 6s
1926
Uni N J RB & C Co 6ee Pa RR
Utah Central See Rio Gr Wes
Utah & North <ie« Un Pacific
110 110
Utica <fe Black R See N Y Cent
See Mo P
\J er Val Ind &
' Irgfinia Mid
6'ee South Ry
Va & Southw't 1st ga 58.2003
1939
65
701a Wabash 1st gold 5s
2d gold 5s
1939
96
991a
Debenture series A
1939
92 14 93
Series B
1939
1st lien equip s fd g 58.. 1921
Det & Ch Ext Ist g 6s. .1941
Des Moin Div Istg 48. .1939
102 10534
1941
Om Div Istg 34s
1051a lOS
Tol&ChDiv Istg 48... 1941
St Chaa Bridge 1st g 6s. 1908
Warren See Del Lac & West
Wash Cent jS'eeNorPao
Wash O &
See Southern
9778l013<, West N Y & Pa 1st g 68.. 1937
Gen gold 3-48
1943
874 934
96
100
281
83
119 la Feb '04
7934
82
...
.
SFePres* Ph Ist g 63... 1942 M-S
8 A & A P See So Pac Co
S F & N P l8t sink 1 g 5s. 1919 J-J
Sav F & West SeeAU Coast L
A&
1121a
70>2
Sale
10334
g 63
St P <fc S'x City See C St P
Salt
la
lOgia.
131'4
1922
Monte 1st gug 6s
1937
Begistered
1937
let guar gold 58
1937
WUl&S F Ist gold 5s. .1938
St P & Nor Pac See Nor Pac
1st
103i4T'ne'04
103 Sfc J'ne'04
127 J'ne'04
,
96
M
Minn Union
104 .._,
104
124
110
97
98 la 1021,
81 "a Sale
120
83 Sale
,
M
M
841a
Virginia Mid ser
Series D 4-5s
Series E5s
General 58
W
St
St
2d gold (Js Class
1906
General gold 63
1931
General gold 6s
1931
StLift S F BHconsg48..'96
Southw Div 1st g 68. .194
Betundmg g 4s
1951
K C Ft S <fc con g 6S..192S
K C Ft S .& By ret g 43 1936
1905
1912
1943
58
1094
Begistered
1994
Mob & Oliio coU tr g 48. .1938
Mem Div 1st g 44-6s... 1996
1951
St Louis div Ist g 4s
1918
Ala Cen B IstgBs
1948
Atl& Danvlst g4s
Atl& Ya<l Ist g guar 48. 1949
1916
Colife Greenvl3t63
E T Va & Ga Div g 5s. .1930
1950
Con 1st gold 5s
1938
E Ten reor lien g 53
1922
Ga Pao By 1st g 6s
Ohio
Ist
6s.
..1925
&
Knox
g
1915
Bich & Dan con g 6s
19'^
Deb 5s stamped
Bich& Meek Ist g 4s... 1948
Istg
1919
Car
Ga
58
ife
So
1936
Guar stamped
1st cy gu 4s.. 1924
O <fe
West N C let con g 68.. 1914
S <fe N Ala See L <fe N
Spok Falls & Nor let g 68. 1939
103»«105
Stat lel By Ist gu g 448. .1943
1031a 103 «8 Suab & Lew See Penn BR
12234 127
Syra Bing & N y /SeeDL&W
110 1121a 'l-^ebo&N i'eeMK&T
A-O
L & Iron Mount /Sea M P
L X C & JS See Wabasli
StLMBr /See T BB A of St L
St L & S Fran 2d g 68 CI B 1906
Ask Low
11214 112
95
125
Range
Range or
gug 4s.... 1937 J-J
Con gold 5s
Southern— l8t con g
116iflMar'04
98 J'ly'97
9434
Coast 1st
Sabine Div l8tg6s
<fc
112^4
P
Tex&NO Ist 78
Oct '01
1121a Dee'02
NY
Keading Co geng 43
1920
N YT& Mex gTi Ist g 48. 1912
1907
No of Cal Ist gu g 6s
1938
Guaranteed gold 58
Ore & Cal 1st guar g 58.1927
Ist
gu
g4s.l943
Pass
A
S A <fe
So P of Ar gu 1st g 63...C1909
cl910
1st guar g 68
1905
S P of Cal Ist g 68
1905
1st g 6s series B
Ist g 6s series C& D...1906
let g 68 series E& F...1912
1912
1st gold 03
1937
let con guar g 5s
1905-.. 1937
Stamped
M-N
SPacofNMexl8tK63..1911 J-J
120
iie'fe.
M-N
Week's
Last Sale
Bid
High No Low High Southern Pac Co (Continued)
Dec '03
H <fe TClstg58intgu..l937 J-J 11014
Consol g 68 int guar.. .1912 A-O 110
9634 J'ne'04
Gen gold 4s Lnt guar. .1921 A-O
941a 97
102 Nov'97
Waco .ft N dlvlst g 6s "30 M-N
11234 Mar'OO
Morgan's La<fe T Ist 78.1918 A-O 129
108iaApr'04
108^4
113
Price
Friday
July 1
Aug'03
1st gold 68
W
& West See B O
Y & AsU 1st con 58.1927
STOCK EXCHANGE
Week Ending July 1
N. T.
Since
January 1
W
102 4
108 Is
100
WM
Pitts
Pitts
or
Low
114
106
llSSi
19iy
Consol gold 58
1943
Consol gold 43
1912
Convertible g 312S
Alleg Val gen gu g 48... 1942
CI & Mar lat gu g 4>28.. 19:55
D B B R <fc Bge Ist gu is g.'3(>
(ir B <fe I ex 1st gu g 4 "as 1941
Sun & Lewis Ist g 4s... 1936
U N J RB&Caugeu 48.1944
Peneacola <fc Atl Hee L & Nash
Peo & East Hee C & St L
Peo <fc Pek Un Ist g 68. ...1921
61921 M-N
2dgold4'a8
58 1921 J-D
Pere Marq— OU<fc
1920 A-O
J-Unt&PMg6s
1939 M-N
Ist consol gold OS
58.1939
Pt Huron Div 1st g
A-0
SagTuscfe Hlstgug 48.1931 F-A
Phila & Beading cons 7s. 1911 J-D
Pine Creek leg guar 63. ..1932 J-D
Pitts Ciu & St L See Penn Co
Pitts Cleve <fe Tol ,SeeB<feO
& Ch ilee Penn Co
Pitts Ft
1922 J-J
Pitts June Ist gold 6s
Erie
2d g 58... al928^A-0
Li
Pitts &
Cen
Pitts McKees & Y See
Pitts Sli c& L, E 1st g 53.. .1940 A-0
1943 J-J
Ist consol gold 5s
BONDS
Range
I^ice
Pridav
July 1
93
31
6534 May'U4
40 J'ne'04
2 Miiy'dl
1094
1091-2
754
(u-4
754
76',.
i»2-i8
9.<7
87
90
tl5
4 66
36
11.T.
X
c
68-''4
6834
uo"4
>
47
14
10734 11
10^2
76
4
oDueJan ftDueFeb
4
92
108 4
103
4'.
2'-
79
79
ly
Duo Mar
r-,
ti
ool tr
AmDki&Imp63
1948 M-S
g48
6'ee
Cent
Am SS Co of WVag 6s
B'kl'n
NJ
FerryCol8tcon8g68'48 F-A
Chic Jc& St Yard col g5s. 1915
DotM & JI Id gr incomes.. 1911
lloboken L<fc 1 gohl 5s. ..1910
Mad Hq Garden Istg 63. .1919
Man Bch Ilcfc L geng 48. .1940
Newp Ne Ship cfc D D6s(a990
N Y Dock 50-yr 1st g 4.S..1951
J-J
^Vng
1023^
14 100
103
10034 J'no'02
60
100
62
A-O
82
02
4 May'04
111
Mai'OI
764 Mar'04
"oi" "be**
764 83
.M-N
M-N
M-N
Feb '02
50
J-J
F-A
stJoeophStk Ydsl8t4 4H.1930 J-J
St L Tor CupplesStat'n* I'roii
Co 1st g 4 48 6-20 year.. 1917 J-D
.S Yuba Wat Co con g 63.. 1923 J-J
.8p Val Wat Works 1st 68,190i; M-8
U S Red & Ret 1st s f g Os. 1931
Due Apr ADuoJ'ly fcDue
1024
10234
1920 M-N
89 h Sale
89 4
90
894
91
9834
1014.
Due Oct
j>
108 Nov'03
113 4 J'ly'OO
79 Aiig'03
Duo Nov
«
Due Deo fOptionealt
BOSTON STOCK EXOHA.NGE-Stock
Slinro
Satiirtiav
Mnrulaii
June 25
June 27
72»9 73»,
Vft 06
243
160
248
105
ICJ^j
lOO
*232>4 234
170
299
140
120
•
299
•138
•119
•182
•160
•280
136 'g 137
•39
40
•79
79»b
72H> 72»8
•95 Hi 95 '8
242Hj245
149 150
232»4V34
165
1«.')
.
170
29K
MM
138
118
182
160
281
136
•39
•79
140
119
—Nol
l'rio«'»
285
13GV,
40
79»8
Tntsda
June
I'cr (/Ciitiiiii l*rto<'M
W<^lnfS<fny
1/
Record, Daily,
June Hy
'-iS
BOSTON STOCK
EXOIIAXGE
fYldai/
July
1
72»4
72^8 72'e
72'4
72 "a 7218
72H> 72 Hi
96 >4 96
96
94
x94
94 >4 •U334
243 213
'242 Hi 2 -Id
243 243
245
244
160 150
149
149 149
149 149
149
233
232 >4 233
233 233
232 233
233
•165
165
167
165 107
167
170 -170
May04
Last Hale IfiS
•299
'i'i^i" 300
300
300
140 14^
140 140
145
140 143
144
118 118
119
119 119
119
118H; 119
•182
1H2
Last Sale IHI
J'no"04
•160
160
Last Halt ltiO^-> Apr'Ol
281 285
281 281
285
2H 285
135 1»5
136 'a 136H
136»4
135 135
•38 Hj 40
Last Salf
J'iie'04
•38Hi 40
•79
7934 7934 •79
80
80
79
80
Last tiale
Mar'03
HnllroadM
Atoh Top <fe 6anta
Do
Bonton
UoiTlon Eleva1<>fl
<fe lAiwell
BoMton
Bo8t«n
<fc
Do
10<i
Maine
100
100
pref
Boston <fe ProvKlencelO©
Clue J unc Ity <fc U S Y 1 00
Do
pret
•73'g
*7>g
20
73
S^i
186 Hi 187
•225
301
•75
•69
•30
201
77
70
33>«
•90
93
•62 "a 65
883* 89
•93
93
19 Hj 19 Hi
72 Hj 73
*7Hi
8H2
186H2l86Hi
226
201
19
19Hi
73
73
-7Hi
186
25i5
202
•76
•69
•30
77
70
AS\
•90
92
62Hj 65
83^8
8834
201
•76
•69
•30
77
70
33 1<
90
'62 Hi
88
•9234
19 14
19'4
1914
73
73
73
73
•vHi
8H1
186 Hi
160
226
1834
8H
186 Hi 188
160
'2)15
226
'201
202
77
77
•69
70
30
30
irHJ
Con <fc Mont Claj«« 4 1 00
Conn & Pass Ki v pref 1 00
. .
C-onnecticu» River... 100
FivcliDurg pref
100
«a
Electric. ...100
Do pref
100
By&
Houston El'tric com.lO*
J'ne'04 Maine Central
100
10#
Mass Electric Cos
7234
"fi"
Do pref
10*
818
201
•77
•69
201
Last Sale
i5Hj
90
90
•62Hi 65
8818 883g
92
90^3 91
90^4
109
91
109
140
•140
*13Ha 14
*78i8
•4
4^2
•I9I4
12(v>4
128 Ha
20
127
129
130HJ lao^e
•lOHi 10^4
774 78
*13Hj
74
4I4
19 Hi
14
74
436
1934
12634 r267g
128 128H.
\hQ\
130
•lOHa
7734
11
78
903^
91
91
109
109
92
Last Sale
88 Hi
fc8l4
38
140
38
*13Hj
14
74
73
4^8
19
91
91
110
110
13H» 14
73
4I4
-418
•19
127
19
12634 12634
127 Hi 1^814
12934 1303),
•lOHi 11
77Hi 78'
78
73
43(.
20
127
10
77 14
131
Hi
10=.
78
3Hj
•lHHi.-... •IIIH2
7^4
734
7H2
8
*5Hi
534
6 Hi
5H2
239 239
154 I55I4
-39 Hi 40
80
80
173 173
•lis
1%
122
121
214H2ai5
8
10 H4
•22 Hj
•219
49
29
SO
174
80^4
174
•l^s
598
3
29^
239 Hi
155
39Hi 39 H<
80 14 80 14
10134
--"8
3
10534 IO6I4
49
H;
4»Hj
29I8 2934
•li«
121
,121
101 14
•22 Hi
2Hj
5\
15538 155H2
39 Hi 3934
30 Hi 80 H
1^4
'217
*8
73.
239 Hi 240
174
15
8H!
5 '2
'173
121Hil21H2
216
7
19
174
13t
128
129
773,
7Hi
•6H1
240
275^8
49
29 Hi
I'l'd"'
UarOi
5Hi
54
6
244
•39 Hs 40
80 Hi 80 Hi
174:Hi
Last Sale
121
Hi
244
157 14
3938
8018
173 14
ii4
2I8I4!218H!
Last.Sale
101 14;101
121
219
8I4
55^4
*-60
'75
*8
9
•80
79
•90
•1
64
79
95
IHi
6Hj
49-,
49^8
*9i2
y^e
978
5534
•60
10
56
10
934
-75
••60
5534
•76
*9
'80
10
9
9
81
•76
81
78
3:9334
9334
II4
7
934
1^4
714
49 »8 50 '8
55Hi
7534
•92
5538 5638
••60
-75
10
9
•80 Hi....
•76
79
90 94
7534
95
IHi
7 '4
7=i
4934
497,
9'e,
103 4
60
294
Last Sale
Last Sale
29 Hi
50
29 H
79 3g
IHi
•II4
•7 Hi
49'8
49'8
•9 Hi
9'8
134
73.
934
934
5558
55 '^8
8
9
J'ne'04
•1
8
oOia
Last Sale 75
Last Sale y^4
Last Sale 2&4
J
•"•46"
*
•778
22^4
••35
-ot)
-35
SI*
23
•9Hi
10
'•46" "so"
*9Hi
"•50" •00
-35
8
-7Hj
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139
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an
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28
102
108
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84 Mar
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4e-2 84 4 Feb 8 44 14 -Apr _
314 Jan lii
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100
200 •45 J'ne3U 82 Apr 18
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53
6
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36
72
113
96
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534 Sep
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3 Feb 25
30 Marl 4
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314 Jan
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261
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1
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82 108 Jan 4 113i8Apr26 108 Sep 116
174 Feb 26 17 4 Feb 26 15 4 Nov 26
90 38 J'ne28 38 J'ne28 38 4 J'ly 52
145 Jan 7 145 Jan 7 144 Sep 150
43
I
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4
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161
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110
184
160
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1854 Mayi9
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222 Jan 29 232 Apr 21 220 S'ep 232 .Mat
198 J*uel3 207 Apr 21 196 Aug 3124 Feb
75 Feb 16 804 Pfeb 1
74 J'ly 91 May
68 Marl7 75 Jan 11: 68 .Sop 85 Jaa
30 Mayll 39 Jan 20 30 J'ly 71 Jau
7 J'ly 25 Jau
73 Jan 8434 Jan
40 Jan 15 42 Feb
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20
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2
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816
23=8
304
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20
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100 3,280 40 J'ne29
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12
714
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26
74 Franklin
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26
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25
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25
25
74
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24
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3V
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465
465 Calumet & Hecla
26
05
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10
201, Centennial
20
25
9
9
26
Central Oil
J'ne'04
Last Sale 33
J'iy"'b3
4"
43
i\
434
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Mar'04
213,)
21% 2l'>8 21V 214
f".
73'4
9 Nov
124 Apr 14 I514 Jan 13
103 71 Jan 5 76 Jan 23 664 Nov
3 Sep
454
34 Feb 4 6 -MiirSl
213 17 Feb 27 21 Mar31 12 Sep
627 l'i24 Feb 24 131 4 Jan-,?:" 10738 Oct
214 1224 Jan 5 129 4J'ne'23 116 Ang
Amer Telep A Teleg.lOO 4,667 II914 Feb 19 1314J'ne29 114 4 Oct
634 Oct
9 Feb 19 12^8 J an 6
Amer Woolen
100
100 1,139 684 Jan 19 78 J'ne35 65 Oct
Do pref
34 J'ly
10
34 Marys 3^8 Feb 16
Boston Land
10
112 4 Jan 15 115i4.\prl5 115 Oct
Cumberl Telep & Tel 100
714 J'nel3 12
May 7
6 4 Nov
570
Dominion Iron & St
5 4 Oct
15«
East Boston Land
54 Jan 23 6''8 Ai)rl4
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Dec
83 230 Feb 2 6 244 J'n630
Edison Elec Ilium... 100
43 J al51 J'ne2i 1784 Jan 22 138 Sep
General Electric
100
6-23
J'ly
30
3738 Maris 43''8Jau 6
Mass'chusettsGasCoslOO
531 7734 Marl4 8'^i4Jan 5 74i4J'ly
Do pref
100
37 173 J'ne 2 180 Mar 12 164»4 Aug
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14 Oct
14 Apr 30 2 Jan 25
Mexican Telephone.. .10
78 118 Feb2 127 Apr 16 121 Nov
N E Telephone
lOo
9 Apr
100
Mar 14 4 Jan 28
1
PlantCom t'st stk com 100
101 10 Ma^2^ 17 J'ly
100
Do pref
185 208 Maris 2l(>3g Jan 22 197 J'ly
Pullman Co
100
64 Dec
64 Jan It' 8'8^prl4
Reece Button.Hole.. 10
9^ J'ly
61 JJ9934 Mar21 102 Jan
100
Swift <fe Co
J'ne
25
Torrington Class A.. 25
28 J'ly
25
Do pref
Jan
134
400
2 Jan 16
2 4 Mar29
Union Cop L'd & Mg. 26
91 Aug
909 95 Feb 8 113 J'nel
lOO
United Fruit
Oct
38
45
4
528
51 Mayl
United Shoe Mach... 25
14 Feb 26
365 28 Jan 2s 30 J'nel5 27 Ang
26
Do pref
Sep
7
Mayli
23
8 Jan
100
64
US Leather
77 Jan 16 7934 Apr 2-2 7134 Oct
100
Do pref
Oct
9
1034
Feb
174M^y
5
6
100
U S Rubber
40 4 Jan 6 68 Apr 2a 33 J'ly
100
Do pref
Nov
10
9-21
Mayl
12=8
.J
2
3
au
S38
100
U S Steel Corp
100 1.861 5118 MaylS 62 4 Apr 8 4934 Nov
Do pref
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Jan
•50
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14
Apr
12
Jan
25 ""47
West End Ljind
7 4 Nov
64 J'ne 3 11 Jan 25
West Telep & Teleg.lOO
7
76 Mar 14 83 Jan 21 71 Oct
100
Do pref
15 7534 J'ne28 85 Jan 21 67 Oct
WesUng El <fc Mfg... 50
160 9334 J'ne27 100 Jan 15 8O34 Oct
Do pref
60
838 Aliouez
26
501. Amalgamated CopperlOO
Mar'ii4 Amer Gold Dredging
•
2034
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pref
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153 3:137 Feb 5 l614J'nelS
7 230
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27 161 J'nelft 160 Jan 2.S
1»0 Aprie 171 Jan 13
74 3*0 Feb24 301 Apr 23
488. 136 J'neld 140 .Ian 26
15 1:1164 J'uel5 124 4 J an IV
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litO
160 Apr 6 1024 Jan 4
13 276 Jan 29 285 J'nelO
316 183 J'ne 6 141 Apr
^4 Jan
2 49
May 2
10
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6
Last;Sale
42% 48
J'ne'04
56
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14
IHi
734
May'04
5534
81
94
49 '8 60
J'ne'04
J'ne'04
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9
Aug'03
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ioiji^
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81
80
94
17
219
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.
9
1211,
2
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.
81
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94
394
804
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•
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10
244
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2
17
50
75'
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11
77 Hi
2 Hi
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105'8 10636 a;103
49
29 14
128
no^a
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214 2»4
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64
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74
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100
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130
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110
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140
226
201
80
70
33 14
Oct '03
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30
Last Sale
Last Sale
65
201
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70
•30
Jlexlcan Central
lOd
<fe Hart.. ..100
IOC
N H
Norwich <fe Wor preflOO
NTNH
May '04 Northern
lOO
100
100
100
75 14
Saviinnah Elec com.. 100
ii
Feb '04 Seattle Electric
100
-90
92
Do pre!
100
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f>5
S3 4 trnion Pacific
88 Hi
100
92 'a
92^8
10#
Do pref
165
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100
91
91H» West End St
50
IIOI4
110
Do pref
50
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2 7Hi
100
Do pref
143
Jan '04 Wore Nash & Roch..l00
80
70
33 '4
Last Sale
•109
1904
1891-j
Last Sale Iffi
^23 226
225
90
88
93 14
§«
188
Lowest
ffkarei
100
10*
100
Albany
lor Preeioul
Tear (1903)
2904
^eek
Fi-'lOO
href
&
Range
Year
.&a,nye for
Salts
Thnrsdav
June 30
Last Half /TV Hi
• 19>u
Weekly and Yearly
B'eb
Mar
14 4 Feb
394 Feb
Mar
Mar
•90
551
•10
3 1^8
Feb
Feb
9 4 J'ly
1B73J
Jan
Mar
Feb
484 May
16
75
131»8Jau
1184 Feb
Mar
5
14
Feb
5
4 Apr
Jan
174 Feb
18 Feb
2 4 Jan
3
114Feb
58
Feb
8
2=8
Mar
Nov
16 >4 J'ly
27 4
Feb
2
Jan
May
1 4 Jau
•50 J 'lie
24 Feb
Oct 23 4 Feb
.
43 4 J'ly 7§ Feb
16 J'ly 34 Feb
7 4 Feb
278 Dec
80 Oct 126 4 fob
•75
Nov 4 Feb
J'ly
3 Jau
1
Duo 14^8 Apr
7
75 J'ly 190 Feb
Nov -IW18 Feb
3334 Mar
1734 Jau
ly
J
14 Feb
414
4 Dec 3134 Jau
•55
•75
17 Mar
33=8 ilay
9
Feb
1
5 4 J'ly 1 1434 ^aar
61 J'ly 77 Mar
8
22
Dec
Jau
4 Dec
75
Oct
27gMar
•Kx-dlT.&rlgbt*
6
July
.
BostoD Bond Beoord.
2, 1904.]
BONUS
BOSTON STOCK EXOH'GE
Wrek enddjo Jdi,y 1
Uange
93>i>8ale
AtcllA Nebraska Ist
AtchTop<&SFeKeng48..10B5 A-O 10108102
J'lyl966 N
A<Vlu«rmentg48
Boston Elect Light Ist 68. 1908
1924 M-S
Consol 08
1907 J-D
Boston <fe LoweU 48
]944 J-J
Boston <6 Maine 4 '28
190^ F-A
Improvement 4s
Boat <fe Mob 3d issue 7s. 1904 M-N
Boston Terminal 1813^28.1947 F-A
1918 J-J
Bur cfe MoRlv ex 6s
I9l8 J-J
Non-oxempt Cs
1910 J-J
Sinking Itind 48
Butte <& Boston 1st 6s.. ..1917 A-0
Cedar Rap* MoR Ist 78.1916 M-K
1909 J-D
2d 78..:.
Cent Vermt 1st g48..Mayl920 Q-F
ChioBurl & Q extend 48. 1006 J-J
1919 A-O
lOwaDlv 1st 5s
19ie A-O
lo^aDlv 1st 43
1913 M-N
Debenture 88
1922 F-A
Denver Ext«n 4s
1927 M-H
Nebraska Bsten 48
1921 M-8
B<fe S Waf 48
1949 JT-J
IUinoisDlT3><js
Joint bonds So» Gt Northern
Ohio Jo By & 8tk Yds 5s. 1913
Coll trust rehindlne g 481940
101
1121-2
112i«
97*8 101=8
9334
87
93a,
110
110
99
117 '4 Feb '03
79
79
80
78
81
99 12 100
Apr'04
Jan '04
XOO
107
128
128
IOOI4 Feb '04
105 J'De'04
100 J'ue'04
106»4 Dect;'/!
9134 J'ne'04
& No Mich 1st gu. 59.1031
A WMlch gen 68....1921
Concord
Mont cons 48.. 1920
Cpnn & Pass R Is* g 4s.. .1948
1927
Current River Ist 58
DetGr RapA W Ist 4s... 1946
<fe
10538 10634
9812
97
12434 1251-2
124 »2
100 101 14
IO5I2IO7
1231-2
103TM-g
Fr6nitElkcfeMoVl8t68..1933 A-O
Unstamped Ist 68
1933 A-O
GtNor B<S)QcoUtr4sl921 J-J
1001-2
95
105 12
104
102 12 103
J'ne'Ol
10834 J'ne'04
104 J'ne'04
110
96
Apr'04
101
96
9534
108
1913
l9oftM
1915 M-S
102 Hz Apr'04
IIII4 May'OS
137 1.2 May '04
137 Feb '04
953*
96
Sale
46
9812 J'ne'04
1921 Q-J
NOTK— Buyer pays accrued interest in
addition to the purchase
Philadelphia and Baltimore Stock
187
I3712
187
90
137
96
9038
9334
i)rice lor all
71^8
71
72
7f
12\ 73
7212
791a
73,
'1434
8
15
734
15
14
•534
61*
»
45''8
4578
1934
1934
45^9
'1938
79 12
73
73 le
7938
793s.
15
-I5I4
"534
15
16'^
457^
19^8
4534
9I4
4534
1914 I9I2
9
834
81a
•15
....
'45'8
1938
»45ia 45Bb
1938 19
45^8
I912
434
201a 26i2
hO
80
38''8
38*^8
3314
3I16
5738
3812
6713i65715
39 14 39 12
•6I16
61*
*1134 1212
23i3 23ilie
4II4
*41
•»8234
83 14
51»4
841a
5134
7912,
8I16
57a,
57 »8
5734
39 »8 39\
3913
39 14
6
12
12
2334
41
*33i4 333^
5138 51fV
84 la 841-..
8408
•HlIiAOELPHIA
Iron
3812
6',«
I2I4
*11S4
2838
•41
'3314
5II4
41
84
84
BIS,
Inncdvo Stocks
American Cement
10
Amer
231-2
14
3334
5II4
Cambria Iron
81*
50
50
50
Coke. 100
100
46
NJ
<fe
Preferred
•
*1134 12^4
237l6 281,
411j8 41ii«
83
6II2
8334
5«iia
'8
84
3iifl
89
1134
6I16
I214
231a
23-->8
41
•33 14
831-.
611-^
Sa
57
39
41
&1'4
8334
5134
xSi'-'a
S2-'-'8
PHlLAUEliPHJA
Al Val K ext (8 1910 A-O
AjuRysconvSs 1911. J-D
Atl City 1st 58 g '19. M-N
Balls Ter 1st 5s 1926.J-D
8i2
1534
EBrw let 6s'21 J-J
Che A D Can 1st 5s '16 J-J
CI100& Me 1st 5s 1949 J-J
Oh Ok 6 gen 5s '19 J-J
62 14
5034
213
102
62 12
3
103
76
4413
98""
25
60
30
1st con 58 1932
Ist 5s. '33
Vis 1943
Nav 412S
F^A
'14. Q-J
1914. Q-F
4128 g. 1924. Q-J'
Gen
Leh V C Ist 5s g '38.. J J
Leh ext 45 1st 1948. J-D
2d 78 1910
M-S
Consol 6s 1923
J-D
Annuity 68
J-D
56 Hi
;
V
Leh V Traclst48'29.J-D
Nat AR)ihalt 5s rocts.
New Con Gas 5s 1948 J-D
118
108
99 1<
Ist 48 '36.. M-N
993,
1097.
105
88 12
50
106
102
84
63
1.J
10734
111
110
11734
1215s
13934 l40i<
||
Lowest
IB
93
or
Trust
certif s 4s.
91
103
ConM
91
104
92
II3I2
10134
ex-dlTldenOL
Mar'02
Apr'04
99 ig Sale
J-J
J-J
J-J
6s g 1911. ...J-D
Ex Imp 4s g '47. A-O
Con
of '82 4s '37. J-J
Terminal 53 g 1941.(5-1"
P
& B col tr 48 '21. J-J
Rochester Ry con 6s 1930
S R E Side 43 interim ctfs
U Trac Ind gen 58'19.J-J
U lYac Pit gen 5s '97 J-J
Welsbach s f us 1930. J-D
Mange /or
Allan C
L mMHl052M-S
Atl Coast L(Ct)ctf s 5s J-D
Cttsof lndebt4s....J.J
Bait C Pass Ist 5s '11 M-N
Bait Fiindg 5s. 1916 M-N
Exchange 3 Vs 1930 J-J
Bait* V Ist 6s ml '11 A-O
Bait Trao 1st 5s. '29 M.N
No Bait Div 58 1942 J-D
.
Convortible 58. '06
M-N
Ocnfl Ry conf>sl932 M-N
Bxt<fc Imp 5«.1932M.«
Chas Cltj'By Ist 6h '23 J J
^ Ex.rlglits.
t
$10 paid.
%
92
103
lOO^s
lO.-^
1|
14
94''9
94
IOOI2II3
10234
102
105
105
Is
ig
10134 10134
99 "8 100
87i4J'ly'01
112»8 Apr'04
93
10
100 1»
la
112S8 112
Trust Co.
ctfs.
Range
tor Previous
year (1903)
Yea/r
1904
thii
92
100
Weekly, Yearly
Daily,
Highest
Lowest
580 67i2Jan 5
78 71 J'ue 2
525
7 J'n*2i
165
634J'ne
72
484
265
2,689
1,328
634
46
8,544
008
28I4
20
Oct
Oct
45
Dec
52
Not
Nov
2634
46i2J'ne21
21I4 Jau 23
t3'4 J'nelT
512
Jan
2b
9i4J'ne25
734
18i2Feb S
88 12 Feb t>
7 J'ne:i0
26I2 J'ne2 7
6212 Jan 14
33»4 Feb26
2 '8 Mar 3
81'2J'ue21
89i4Mav 6
41 18 Jau 26
6II2 Jan27
557gMarl2
37\Mayl7 43
Jau 22
May20 6'3i8Jau 13
8 Jan 6 11514 Jan 21
19 la Mar 14 24I18 J'uelo
5
Mar
21« 38
500 28
1,963
Dec
138Mayl8
Feb 8
100
3,072
1,064
Oct 118
1034
J'ne 8
18i8May26
3,51«
76
128
Dec
84
laMayi:;
43
12
8
4034
17=4
Is
Dec
Dec
4034
IOI4
11
Sep
441 lie
i
4lii6J'ue2:'
36
3oia J'ne2y
52
J'ly
2734 Nov
40^8 Sep
HI
22
May 10
J'nelS
8934
Jan 22
J'nelS
Ask
99 '8
99''4
6838
64
4I4
Hid
80
3ubcWaa)lst53'4S
G-B-B Brew 8-4s iy51M-S
2d income us 1951 M-N
Knoxv Tnvo 1st 5s '28 A-O
LakeU El 1st gu5s'42M-S
MetSt('VVasti)lst6s'25F A
Mt Ver Cot Duck Ist 58
Incomes
2
I'j
32
3
BALTIMORE
Consol Gas 6a. ..1910 J-D
5s
1939 J-D
Oa<fc Alalst conSs '45 J-J
Ga Oar & N 1st 58 g '29 J-J
Georgia P 1st 6s. ..'22 J-J
GaSo <fe Fla Ist us 1945J-.7
12
lit) la
Aut;
A
Npt N*0 P Ist 58'38 M-N
General 58.... 194.1 M-S
Norfolk St l3t 58 '44.. J-J
North Cent 4 1-28 1925 A-O
J-J
68 1904
Series A 5s 1926
J -I
1
1001-2 IO712
II7I2 1131-2
106
109
112
11234
114
100 la
115
114
105
1
07 "4
Jan
Mar
A sk
1141. 116
110
112iu lloHi
98
991a
11412 1 1 5 Hi
109 110
112 'a
111
102 I2 104
107
10712
120
113
4y
20
114
4914
roi4
1011-2
103
115
117
58
10
118
5 8 la
15
100
lOu
110
102-6 103
120
B
5s 1926.... J-J
Series
Pitt Un Trac 6s 1997. J-J
Poto Val 1st 5s 1941.. J-J
Sec Av T(Pitl8) us '34 J-D
iVo"
114
Fla<fc\Vo.st5s'34 AO iVf
97
99
106 la 107
97 14
97
112 116
88
91
fob
4018 Jan
4734 Feb
Chas Ry G * El 58 '99 M-S
Oityifc
5
29
Oct
Col&Gruv Ist6a.l916 J-J
105
104
128 14
101 12 102
loS 111
108
98
09
115
56
157
1071a 108
219
90
40
45
94
96
60
70
76
20
Charl C <fe
ext 5s. '09 J-J
1910 A-O
2d 78
City & Sub 1st 5s. .'22 J-D
1121.J
Jan
Jau
'J
Jan
22
la
0»i6Jau
Jaa
Jan
Dec
Nov 86 Jly
1
64 Aug T'JJj Feb
84 la Nov 45^8 Jau
4 Jau
1 la Sep
5538 Nov 78»4 J.-ku
35 Oct 4734 Feb
5 Aug
9 J an
734 Dec 1778Jau
18»4 Nov ;«iiie-)an
38
Marl 4
1
Jau
Jan
Jaa
I414 Jan
71i8 0Ct
10
45*4
2
72iaJaa
5812
Jan 2
2134 Jan 2
838 Jan 26
1034
1
Highest
Loioest
Apr 13
Apr 12
7308
92
1334 J'ne21
BALTIMOtlJE
.
lOlialOlia
120i2l30»4
J'ne'04
and asked.
bid
latftst
1021a
10138
1?
IO4I4 IO414
94'8 Mar'04
10614
7JI4 May'04
102 J'ne'04
lOei* May'04
10334 Apr '08
10134 Apr'04
FA
71^
Week
.
Inactive Stocks
Atlanta & Charlotte. 100
Atlan Coast Line RR 100
Allan CoastL cConn)100
Canton Co
100
Georgia Sou <b Fla...lOO
Ist pref
100
2d prof
100
G-BS Brewiug
100
Mt Vernon Col Duck
Unit Elec L & P pref. 60
101
101
105
Sale
F-A
M-6
M-K
Bid
Rolundihg3i-28 1952JJ
111
105
114
102
92
103 '4
107
jM-N
lOSia
10134
94
971a
102 102
102 102
1021310414
'04
Feb '08
10258 Apr'04
M-N
M-S 105
Shares
M
Jan
Oct '02
J-J
M 5 g '20. A-O 116
Gen M 4s g l<yi0..A<fcO 103 12
Ph & Read 2d 5s '33. A-O I27I2 128
Con M 7s 1911
J-D 118
P & E gen
J'ne'04
105
M-S
851a
104
6'8
102 Apr'04
103 Apr '04
10^18 Mar'03
10134
101 »8
93
•
I2OI4 122
1304 Mar'04
FA
110
120
95
Mar'02
931-j
4)
106
Bonds
110
J'ue'Oa
1281a
100-
118 118
58 Is 701a
I6I4
13
101-4 J'ne'04
10414 J'ne'04
1014 J'ne'04
J-J
;
94I2
J'ne'04
Mar'04
May'04
lOlSgSale
F-A
J-D
F-A
J-J
J-J
Friilay
12s
97
lOS
1192
81
104
107
1 01 14
1-40
102
J-J
J-J
1381s
13
102
96
07
9334
75
104
A-O
Sales
An.acostia & Pot 58
Atl&Cni l8t7... 1907 J-J
107
Con 5s 19.39
A-O
Con 4s 1939
'JU34
A-O
Penn SKwU iKt 58 '17 M-N
People's Tr tr certs 48 '48 KM
P Co IsUfe col tr 6s'49 MS 109 12 1:0
no sales on Una day.
STOCKS
W
1061.
HII2
<fc
Income 48 1939. ..M-N
No Penn
No prico
PHILADELPHIA
M
110^4
Newark Pass con 5s 1980
NY Ph No iHl 4n '39 J-J 102
Consol (is u 1906...Vai
Consol 58 r 1919. ..Var
Penn & Md St^fil con 6».
Pa & N Y Can 78 '06. J-D
4
99 la 100
llOia
1041a
M-S
Doben Os 1905
Penn gen 68 r 1910.. Var
49
334
11634 ...
116
M
Oils
»
Phil Elec gold trust ctfs.
BergcS;
Ry
Boston Bonds.
100
50
100
Do pref
100
United Ry & Electric. 50
Ask
62 S.
High,
96
102 J'ne'03
118 Ma>'04
623,
62 4
A-O
A-O
Gold4ias
1914
Gold debeut/ure 48
1910
Gold 4s
1917
Western Telcph & Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley Ist 78.. 1909
1-^
Bid
14.
Rutland-Canadian Ist4sl949 J-J
Seaboard Air Line
S
101
Low
'04
97
M»y'<H
May'04
101 12 Jliu'W
I20I4 Apr'04
AO
Old Colony gold 48
Oreg Ry & Nav con e 4s.
Oreg Sh Iiine 1st g 06
Repub Valley Ist s t 6s. ..1919
ButlajKl 1st eon gen 4i2S,1941
Philailelpbia
'4512 45i^ American Railways.... 50
1938 19
Cambria Steel
50
" 2 'a
3
Consol Lake Superior. .100
•434
100
6
Do prel
*834
Electric Co of America 10
Gen Asphalt int^nim ctfs..
Do pref interim ctfs..
79<4 80
Leiiigh Coal cfe Nav
50
8812 3812 Lehigli Valley
50
MarsdenCo
100
8^8 8^6
67 '8 58 Pennsylvama llli
50
39 Is 8918 Pliiladelp'a Co (Pittsb) 5(i
6
Philadelphia Electric. 26
12
12
Phila Rapid Transit ... 50
23 12 2;i»i6 Reading
50
*41
41 14
Do 1st prel
50
3314 8834
Do 2d pref
50
51'8 52
Union Tracton
50
82 7„ United Gaa Impt
50
•20
23 Welsb.ichCo
100
Bethle Steel 6s 1998. Q-F
Rlfs 4s g
10
10
])rices
6
8-3
Co!il...50
Bid and asked
3834
Leliigh
Warwick Iron<fe Steql.lO
West Jersey & afaPh.56
Westmoreland
She 3He
57S4
380i
H
RRiiJpC.lOO 264
Trfl.ns
80
88I4
3ii6
5s 1920 M-N
Elec & Peo Tr stk tr ctfs
Elm & Wil 1st 68 'lO.J-1
Eq II Qas-L 1st g 58 192?
<& B Top con 5s '26 A-O
IniUanapolis By 48.1933
Interstate Rys—
Pennsylvania Salt
50
Pennsylvania Steel. .100
Pjreferrod
74
100
PliUa Co (fitta) pref... 50
44
Phil Gorman cfeNorrls. 50 162
Phila Traction
9734
50
Railways General
10
Susqueh Iron cfe Steel..
United Trao Pitts
80
E & A 1st M
N
UnitPow
9
7
Con Trac of !Fr J
Prof errod
50
Key.itonoWatchCase.lOO
United
88^8
6708
3834
Col St
Keystone Telephone ..50
TiilewaTor Steel
Frotcrred
7
<fe
Lit Brorhor.M
10
Little Schnylkill
50
Minehill A Sohuyl H..50
Nesciuoliontng
50
Kaveu Iron & Steel.
North Pennsylvania. .50
Penn Gas Coal
50
1st 6s
Stocks see below)
Donds
Coal <fe
Preferred
Conaol Trac Pitts
50
Plre^rred
50
Danville ^e8soiuer...li2
Diamond State Steel..
Preferred
Easton Con Electric... 60
Elec Storage Batt
100
Preferred
100
Germantown Pass
50
Harrison Bros pref. ..100
JndianapoUs St
100
JnterSmPow cfcChom.50
Certtrjil
79 14
38
Ask
Steel
ife
Bell Telephone
27
80
27
79
38ia
6
*1134
2312
41
9
8i6ia
80^
6s
5s
Baltfinore
Consobdated Gas
•534
6
83.
80
1906
1907
1908
1915
1905
1905
1924
1946
1922
NY&N Englat7s
771a 7712 Northern Central
4:434
9^8
1905 J-J
. .
EngTelepli 68
(For Bonds and Inactive
lYtday
July i
721a
'721a.
8I2
8
8
15
M gr Ist 78.
6s
ACT1V1E
Thursday
June 30
Wednesday
June 59
Tuesday
June 28
Monda}!
June 27
11934
9412
83
104
107
Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
Cons let 4s
Mara Hough <fe Ont 1st 6s. 1025 A-O
Mexican Centxai 00ns 4s. .1911 J-J
Jan 1939
Istcons iiiclis
Jnn 1939 Ij'iy
td cons inc 8s
Mich Telep cons 5s tr rec.1929 J-J
Minne Gen Elec con g 58 1929 j-j
1929 FA
New Eng Cot Yarn Ss
Exchanges— Stock Racord,
Share Prices— Not Per Centum Prices
Saturday
June 2o
lOtJi*
941-2
iiin'ce
Mar'04
May' 04
100
.
Savannah Elec Istcons 58.1962
Seattle Elec 1st g 58
19S0
Torrineton 1st g 5e
1918
Union Pao RR & 1 gr g 4s. 1947
10112
1911
1st lien conv 4s
Unit«d Fruit conv gen 68.1911
97
109
US Steel Corp 10-60 yr 5s. 1968
104=8 West End Street By 4s
1915
II214 Jan 'OS
13818
<fe
.
106I4
IO6I4
106
97 "2 98 H 971-2 J'ne'04
lii5»2
125 J-ne'04
1231,2 Apr'04
125^
100 May'04
1U7 Sale 106 12 107
109 14 Mai-'0'2
AO
1st 78. .1917
<fe
New
100 14 100^4
104 105
99 14 100
"08 '12
"OS's
90 Is 92 12
Mar'04
C
Mange
January X
Utah.
Jan
96
97
95
Kan C CUn Spr 1 st 5s. .192.^ A-O
Kan C Ft S Gulf 1st 78. .1908 J-D
1928 M-N
Kan C Ft Scott & M Cs
1934 M-S
KauCM& Bgen4s
L R & Ft Sm
113
102
99 J2
112
101
Feb.'04
I'^S
Illinois Steel
MS
Mar'08
Jan '03
Apr '04
Ask Low
Bid
deben 5s
1910 J-J
Non-conveitdeben 58. ..1918 A-O
^^
Week's
Rctnge or
Last Sale
July I
1934
Assented Lnoome 58
KauC&M Ry<feBrl8t5sl929 A-O
KanCStJo<fe G B Ist 7s. .1907 J-J
ir7"ii'^"
101 Apr'04
99 Hi Apr'04
100 J'ne'Ol
Chic
Chio
Registered48
lOlOg
9979 Jan '02
ChMUifc St P Dub D 6a.. 1 WO
Ch M <& St P Wis V div 681920
Fitcliburg48
48
94
la P,alls& Sioux
Feb '04
117
1
Higl^
98»4
9731
d8Vt
110 Feb "04
104 »a ApT'OO
. .
Dominion Coal Ist 68
B^ternl»tgold68
Low
Jtiigh
101 "b
93^4
93
MS
a, January
Price
J'^iday
BOSTON STOCK EXOH'GE
Week Ending July 1
tUftiet
98I4
98
92 "a
93 H!
113'2Feb'(»
98 »4 sale
<fe
or
Last Sale
Ask Lmo
Btd
Am Bell TelepUone 4s 1908 J-J
4a. 1929 J-J
Am Telep Tel coU tr78..1908
M-S
BONDS
Mange
Week's
Price
lYiday
July i
95
Sav
Seaboard A L 4s 1950 A-O
68
floan 5s 1926. J -.1
South Bound 1st 5s.. A-i;
ios"
JD
90 14
43
104
116
119
681a
Scab*
UEl L*P I8t4 i2S'29 Al-.\
Un Ry A El lst4s'49 -M-W
Income 48 1949
Ist 68 1906..."MS
'2dserltvs68 1911. ..M-S
Va Mid
Sd sencs 68 1916.. M-S
8-4-5s 1!»21..VI-S
6th serlea 53 1026. M-S
83 new '82. J-J
(Slate)
Va
FiUlddebt2-8s 1991. J-J
(/'
con
6s 1914 J-J
Wpst
WesVaCJbV lst6g'Il J-J
Weld
us..
1935. J-J
Wil
4t,h ,ser
N
&
74 la
90
Sj
431a
112
11612
Ul
1 1 134
11 2
la
w"
95
96
961a
112 12 114
109
115
116
Reorganisation e^rtUlwtes $3 asseasmsnt paid.
THE CHRONICLE.
DO
<iiaii
Volume
of
Business at Stock Exchanges
AT THE
Hecuritien
Graud
NEW YOKK
lllsl
HaiiiilH
stocks
Railroad &c
Stale
Bonds
Bonds
Hudson Co Gaa
Par value
Shares
Friday
89,277
157,870
116,655
125,626
130,670
194,286
$8,766,850
14,840,250
11,270,500
1 2,070,850
12,090,850
13,981,200
$1,357,000
2,072,000
2,202,000
1.716.500
1.718.500
1,647,000
Total
813,283
$78,0X9,500
$10,712,000
Saturday
Monday
Taesday
Wednesday
Thorsday
Week ending July
Sales at
York Stock
Exchange
1
O
A-
Bonds
$3,500
41,000
$1,000
ii;,ooo
3,000
120,000
1611,500
63,500
$4,000
$413,500
January
1 to
July 1
Btooks— No.shares
Par value
Bank shares,
par..
1903
1903
1904
State bonds
RB. and mis. bonds
Total bonds
$4,000
413,500
10,712.000
$11,129,500
14,3"39!306
$436,400
1,647,700
308,325,000
$704,750
340,600
346,940,500
$14,340,300
$310,409,100
$347,!'94.850
$1,000
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
Julyl
iyu4
Saturday
Mouday
Tuesday
Wednesday .
Thursday
Friday
Total
Philadelphia
Boston
Unlisted
shares
Listed
shares
6,643
12,291
13,749
11,325
6.467
8,304
1,052
2,097
l,36y
58,769
Bond
sales
LisUd
shares
1,574
$7,000
20,500
22,500
53,600
14,500
27,600
3,802
5,614
4,240
6.341
4,255
22,720
11,308
$145,700
46,972
mi
Bond
Unlisted
shares
sales
$22,500
82.000
728
2.525
3,699
2,567
28
7iii.000
83.900
726
894
411.000
11,138
$359,yoo
46,500
Industrial and niiscel
9215 Compressed Air Co. ..100
60
Consolld Car lleallng 100
30
1]<>on» Klrow'ks com .100
Bid
13
17
100
60
67
Ask\
UPreferred
F.A §101
100
70
See Stock
103
70
Exch lut
CousKy Ltg&Refng.lOO
'2
m\
HO & Ind C Nat & lU 100
102
66
Steel
Preferred
»2
J-D
3
40
49
Electric
HiCingsCoElL&PColOO
H
i«
t\
100
100
61a
42
52
97
81
8
45
9
International Salt.. ..100
Companies
I8tg5sl951
148
10
13
11
HNY&N
Chicago Edison Co... 100
General Eleo rights...
!««
1
8>2
HGeueral Chemical ..100
47
UPreferred
92
100
Gold HiU Copper
1
H
§10112 162^ Greene Consol Copper.lO t 1434
93
95
St Joseph Ga.'i Ss 1937. J-J
HackensackMeadowslOO
12
90I2 9212 Hackensack Water Co
StPaulGas Gen 5s'44M.S
Ret g 4s 62 op 12. ..J-J 89134
Syracuse Gas da 1946. J-J § 97 12
HaU Signal Co
100
TelesT «fc Telephone
Havana Commercial. 100
8
90
87
Preferred
T[AmerTeleg& Cable 100
15
100
BellTeleph ot Bullalo 100
98 100
Havana Tobacco Co.. 100 26
105
HCentral & .So Amer .100 103
Preterred
36
100
40
Ches<fe PotoTeleplu.lOO
34
Hecker-Jones-Jew'l JIUl
68 1909-29
Ist 6s 1922
J-J 10538 106
M-S 101
Hernn g. HaU-Marvinl 00
1
HConunerciai Cable ..100 175 200
Comnjer Uu Tel (N Y).25 115
80
let preterred
100
Emp & Bay State Tel 100 78 82
2d preferred
3
100
52
47
Hoboken Land & ImplOO 200
Franklin
100
UGolddi Stook
1]5a 1910
100 118 121
M-N §102
3
Houston OU
100
II412S, 1905
90
17
Hudson KiverTelephlOO 85
Preferred
100
I4512 Hudson Realty
90
J Teleph...l00 146
581920 See Stock Ex Chang e Ust Internat'lBankingColOO 188
Int'n'l Merc Marine. 100
HNorthwestern Teleg. 50 120 123
82
16
78
Preterred
Pacific & Atlantic
25
100
103
60
Col tr deb 4 '2l922op'07
IJSouthern <& Atlantic 25 100
.
1st 6s 1926
Pat& Pas Gas&EleolOO
H Cong 5s 1949. ...M-S
4>«
iV.
»2
Consol Jtubber Tire. .100
]«
Debenture 4b
12
11
Cons Storage BatlerylOO
10
ContToltac deb 7b'05A-0 {ioi'ii 102 >i
CotU)n OilifcFibre,pref.26
3
6
Cramps' Sli<feEu BldglOO
25
18
llCrucible Steel
100
4H
IjPrelerred
86<^ 86V
100
Cuban Os of 1896
96 19
04
II Diamond Match Co. 100
129
130
Dominion .Securities. 100
6
16
Electric Boat
100
48
60
Preferred
100
74
80
Empire
A-O §100
Atk
1
00
[udlaua Nat & 111 Gas—
Ist 08 1908
M-K
40
42
Indianapolis Gas slock 50
BH
63
l8t 68 1920
M-N }104>2
Jackson Gas Co
60
81
08 g 1937
A-O § 97 100
Kansas City Gas
10
100
16
A-O
97 S
T158 1922
ULaclede Gas
100
100
80 100
llPreferred
100
63
LafaT'eGasl8t6s'24.M.N
58
Log<fe Wab V l8t6s'25.J-D
50
54
Electric Lead Reduo'ii.50
Madison Gas 6s 1926.A-0 §106 109
Preferred
50
Newark Gas 6s 1944. Q-J §135 13612 Electric Vehicle
100
Newark Consol Gas.. 100 72ii 74
Preferred
100
HCongSs 1948
S-D §107 1071. Electro-Pneum'lol^anlO
08 1938
82,938,203
2,230385
61.153,566
813,283
$78,019,500 $195,507,350 $4,763,457,025 $7,7 71,254,850
$365,750
$30,300
$361,500
$3,600
BONDS
0OTernment bonds
56
No Hudson L H <& Pow—
Ifeto
1904
mvj
Gas
58 1915
68 g 1949
July 1
lyo*
Bid
Essex <b Hudson Gail 100
KortWayuo Gs 1925. .J-J
(^Hs<fc KIHcrgeu Co.. 100
BTOCK EXCHANGE
DAILY, WEEKLY AND Y'EABLY
TaAilSAOTlOis'S
[Vol. Lxxix,
ll16
92^
80
16
35
28
38
103
3
40
6
ibe"*
'
4
19
100
142
3<a
18
75
10
43
46
30
33
145
International SUver.lOO
5I2
61*
Preterred
100
190 193
Ist 68 1948
J-D
John B Stetaon com. .100
«88
Preferred
46
100
5
§
991a 101
150
130 150*
8»,
Lanston Monotype
»
20 t
Lawyers Mort Insur.lOO 165 170
A Weekly Review of Outside Market will be found on a preceding page.
66I4 Lawyers' Title Ins. ..100 260
270
48 1949
J-D
lILorUlard (P) pref ...100 115
Street Itailvcays
Street Railvrays
Ferry Companies
Bid Ask
Bid Ask
Mackay Companies ..lOo 22
24
3I4
6I2
KEW yOBK CITV
Lake St (Chic) Elstk.lOO
66
67
3H.,
Brooklyn Ferry stocklOO
Preferred
100
33
31
1st 58 1928
J-J #
97
10
20
Bleeck St<fe Ful F stk 100
Madison Sq Garden. .100
B& NY 1st 68 1911.J-J 105
94
96
TJLouisv St63l930..J<feJ §113
114
1|l8tmort48 1950 ..J-J
2d 6s 1919
Con 68 1948 .See Stock Exch Ust
M-N 60
238>2 244
Lynn& Bos 1st 58 '24. J-D ni2 114
II B'y & 7th Ave silt ..100
N Y & E B Ferry stk.lOO 75 80 Manhattan Transit 20 t IH, 8i«
712
New Orl Eys Co
9
100
90
Mex Nat Construc.pflOO
T12dmort 68 1914 ...J-J 104 107
let 68 1022
M-N § 89
Preferred
29
100
Con 58 1943 See Stock Exch list
N Y <fe Hob con 58 '46. J-D 105 107 Monongahela R Coal.. 50
412a 1952
J-J i 74
76
22
B'>yaySuril8t58gul924 no8 110
Preterred
Hob Fy 1st 5s 1946 M-N §108 110
60
99I2 101
North Chic Str stock.lOO
78
70
102 >a
Mosler Safe Co
2il 5s lut as rental 1905 i
N Y&NJl8t58l946.J-J §102
100
310
Pub Serv Corp of N J 100 95 loe
60
14
16
flUent'l Crosst'n stk..lOO 280
40
10th <fe 23d Sts Ferry 100
HNat Enam & Stamp 100
47
Tr otfs 2% to 6% perpet 47
78
82
UPreferred
l8t mort 58 1919. ..J-D i 91
100
lilstM 68 1922 ...M-N 5117 121
209
North J ersey St By 100 20
28
National Surety
flCen Pk N & £ R stk.lOO 204
100 110 120
IfUnion Ferry stock .100
42
Ist 48 1948
M-N 69^4 70
44
VOhr't'r& 10th St stk 100 180 186
HNew Central Coal
Hist 5s 1920
20
M-N 88
Cons Trac of N J.. .100
68
68^4
Col<fe 9th Ave 08 See Stock Exch tut
N Y Biscuit 6s 1911. M-S 104
Railroad
1st 5s 1933
J-D no6 IO6I2
N Y Mtge & Securlty.lOO 116 125
Dry D E B & S—
111
New'k Pas By 5s '30 J-J ni2 113
16
20
Chlo Peo & St L pref. 100
TiNew York Dock
100
iflat gold 5s 1932. ..J-D 108
Or & New Ist Os '05A-O noo 102
40
45
lOl^a
8
Deposited stock
UPreferred
100
TlScrip 5a 1914 ....F-A 100
41,
.100 390 405
Essex Pas 68 1905 M-N §101 12 102
5
10
Undeposited stock
N Y Transportation... 20
1j Eighth Avenue St..
2'«
F-A 105 106
Rapid TYan St Ry..l00 250 260
1
105
Nor Am Lum'r cfc PulplOO
HScrip 68 1914
Prior lien g 4 i2S'30M&S
434
Ist 58 1921
A-O §109 110
11l42d&GrStF'y8tk..l00 390 405
91
88
UOntario Silver
31a
Con mtg g 58 1930. J&J
100
28
31
i42dStM& StNAv..lOO 60 75
17
J C Hob & PatersonlOO
28
24
Otis Elevator com
Income 5s 1930
100
84
87
48 g 1949
M-N 6934 70
Preferred
•fllstmort 68 1910.M-S 1041a 107
ChB I& Pac4s (wi).... § 93I2
100
85
So J Gas El <fe Trao 100
85
87
80
87
Pittsburg Brewing
i|2d Income 6s 1915 J-J
Brie conv4sAprl'53At&0 § 82
50 t 2418 25
45 <«
GngSs 1953
M-S §100 101
luterboroughEapTr.lOO 1221^ 124
Y Central deb 48 (w 1). § 98 983t Preferred
50 t 46
N
St
k Exc list
No Hud Co By 6s' 14 J-J 12
Pittsburg Coal
14>a 1434
Lex. Av & I*av F ba See
Northern Pacific
100
100
J-J §110
57341
68 1928
Metropol Securities See Stk E X list
Preferred
132 139
When released
100
Ext 5s 1924
M-N §104 104 1-, Northern Securities.. 100 9812 991* Pratt & Whitn pref.. 100 99
Metropol Street By See Stk E X list
Pat City con 68 '31.J-D §122 ......
Ninth Avenue stock. 100 185 192
Reduced
2% 2»2 Bealty Assoc (Bklyn)lOO 120
2d 6s. ...1914 opt A-O §100
36
Royal Bak Powd pref .100 102 104
Second Avenue stocklOO 204 208
Pitts Besscfe LE
50 t 34
63
100 100 102
77
RusseU & Erwin
111st niort 58 1909 M-N §10212 1031a Rochester liy
Preferred
25 t 61
50 t 74
IOOI2
190
PreferrM
100
Con8ol58 1948..., F-A 5112 112'2
Safety Car Heat & Lt 100 183
Seaboard Air Line—
Con 6s 1930 See Phila list
Uslxth Avenue stock 100 172 176
OoU tr 5e '07 op (w i)M-S 85 Vj 86 Seminole Mining
5 t
2 '8
25
30
2d 6s 1933
J-D 102 1024 South Pacific rights (w 1)
106
3
Simpson Crawford Co 100
Sou. Boulev 6s 1945.. J-J no2
9012 92
80
So Side El (Chio) stk.lOO
Deb a f 6s '24 op '06.. J J
So Fee Ist 6s 1919.. .A-O (il05 108
Prel erred (wi)
100 115 116
400
Stock
Syracuse
Rap
Tr
1946
5s
§101
Exch list
35
Singer Mfg Co
Third Avenue See
100
Va <& Southwestern. .100 29
7'»
6
P & M 5e 1928 100 106 Unit Bya (St L Trans) 100 12^4 13
Standard MilUng Co. 100
Tarry
Industrial and Miscel
26
Preferred
5634 5734
2S
100
VkersStKK 58 1946A.O 104 106
Preferred
100
Gen 48 1934....S«eStk Exeh list
74
75
113
28th <fc 29th Sts Ist 68 '96 i\io
90 100
68
AUiance Realty
100
9I2 Standard Oil of N J. .100 628
8I2
UnitRysSanFran SeeStk Exch list
632
VTwenty-Tli'd St stk 100 3U0 400
llAUis-Chalmers
100
32
28
J-J
Wash By & El Co. ...100 12 14 14
43'-. Standard Coupler coml 00
99
96
Deb 58 1906
42
TJPreferred
100
64
110
125
1942
F-A
Preferred
100
109 111
56
57
Preferred
Union By Ist 58
12
100
TIAmer Bank Note Co. 50 t 54
4I4 Storage Power
4
J-D
48 1951
Westchest 1st 5s '43 J-J 101 106
h
76Hi 77
4
American Can com.. .100
50 t
3812 39
Swift <& Co See Boston St k Exc h'ge
Preferred
461a 48
H West Chicago St ....100
100
§10012
58
1936..
..M-N
HCong
72
90
1st
§
74
86
5s
1910-1914..
..J-J
American
Chicle
101>t
Co..
100
BEOOKLYN
31
80
Tennessee Copper
Preferred
75
25 t 28
100
90
Atlan Ave 5s 1909. .A-0 noo 101
American Elevated
\ UTexas <fe Pacific Coal 100 75
>s
Gas Securities
110
§105
A-O 108
Con 58 g 1931
Ist 6s 1908
A-O
Am Malting Os 19 14. J-D 100 102
NEW YORK
450
Impt 5s See Stock Exc hUst
9^
Title Guar <fc Trust ...100 430
Amer Press Asaoc'u.lOO 80
140
WE58 1933. .A-O 100
Cent Union Gas 1st 58... §107 109
1912 Title Ins Co of N Y..100 130
Amer Shipbuilding... 100
8'4
81 'b
Brooklyn City stock... 10 231 233
Con Gas (N Y) stk. See St k Exc h Ust
Tonapah Min (Nevada). 1
Preferred
100
Exch
171
11
68
See
Stock
Con
list
Conv deb 68 ctfa full yd
TrentonPotteriea comlOO
4
14 172
Am Soda Foun com.. 100 2
82
78
EqultGascon6sl932 See Stk E X Ust
Bkln Crosstu 58 1908. J-J 101
Preterred new
70
63
100
1st preferred
loo
76
Trow Directory new. .100 65
Bku Hgts Ist 5s 1941 A-O 105 106 lIMutual Gas
100 290 310
14
11
2d preferred
100
New Amsterdam Gas
Bkln Q Co & Sub See Stk Excli list
Union Copper
10 t
American Surety
50 160 V66
66
Bklyn liap Tran See Stk Exch list
Ist consol 6s 1948.. J-J §107
107 12 Aiaer Tobacco com... 50 260 500
Union Switch & Signal 60 t
106
NYT G EL Hc&P See Stook Exch list
Coney Is. & Bklyn ..100 330 350
Preferred
60
IJPreferred
100 135 140
78
81
100'; N Y & East Biver Gaslet cons g 4s 1948.. J-J 100
Am Typefo'rs com. ..100 25 30 Union Typewr com.. 100 107
111
Brk C & N 5s 1939.J-J 111 114
1st 5s 1944
J-J §111
113
84
87
Ist preferred
Preferred
lOo
100
'06
107
F-A
§107ia
110
1st
6a
Con8ol58
314
100
1945
J-J
21,
2d preferred
Gr St<feNew
IO912 Amer Writing Paper. 100
100
1>>
1
Gr'pt&Lorimer St Ist 6s 102
111* Unit Boxboaxd& Pap.lOO
N Y&Bichmond Gas.lOO 35
10
Preferred
lOO
74I4 75
10
11
Nor Un Ist 5s 1927. M-N §104 106
Preterred
Kings Co. Elevated
100
58 1919
J-J
2
VStanilarji Gas com ..100 130
Ist 4s 1940 See Stock Exch Ust
140
20
23
U S Cotton Duck
100
UBarney <fe Sm Car ... 1 00
20
100
llPreterred
100 156 17<)
Nassau Eloc pref
76
U S Envelope com.. .100
IJPreferred
100 115 125
65
A-O llOHi 112
60
let 6s 1030
M-N §110'i II212 BUss Company com
UPreferred.
5s 1944
100
50 130 160
42
40
St
1951
See
Ist 4s
k Exc h list
Preferred
U S Realij'&Imp (-^1)100
50 140 160
OTHER CITIES
§83
N Wb'g<feFlatl8tex4>as 100 102
360
58 g 1924 opt (wi).. J-J
Bondtfc Mtg Guar. ...100 345
5
bteinway 1st Os 1922. J-J
116
Amer Light* Tract.lOO 49 13 51 12 Bordeu'8 Cond Milk.. 100 121 123 U S ShipbuUding (w i)...
35
Preferred
Preterred (w 1)
100
92
93
Preferred
loo 109 111
i«
I4
18
26
Bay State Gas
50
5 certifs
Camden Land
3 t
'fi
OTHER CITIES
Uiu,«haiiiton Gas 5s 1938 § 95
CeUuloldCo
U S Steel Corp new 5s See Stk E X list
9S
100 112 113
>«
§106*2
Buiralo Street By—
107
Brooklyn Union c+as deb
13
18
Coltrsf 5s'51opt '11 ..
Cent Fireworks com. 100
Ist consol 5s'l931..F-A 5112
Coltrsf 5s'51 nor opt.. {100 "2 107J«
U311
6s 1909 conv '07. ..M-S 183
65
60
185
Preferred
..loO
7
6
Dob "68 1917
A.O noo 107
Buffalo City Ga.s stocklOO
111,
Universal
Fire
Ext'r.
1
100
4
Central Foundry
100
119
Chicago Cily Hy stk. 100 100 luO
1st 5a 1947 .Vee Stook Exch list
Universal Tobacco... 100
6
8
Preferred
100
Chic UuiouTrac&ee St' ok Exch list
4
ChicagoGas 6'eeNYSlk Exol; lisl
Preferred
100
53
Deb 6s 1919 op 'OlM-N 50
Cleveland Electr Ry.lOO
Ciucmuati Gas & EleclOO lOlKi 102
Westchester & Bronx
69
72
ioo 100 125
Century Realty
150
Columbus (O) St By.. 100
903< Consol Gas of N J
Title & Mort Guar Co. 130
90
100
Chescbrough JSUg Co 100 410 430
Preferred
Westingh Air Brake. .50 12734
100 10612 10715
Ist 5s 1936
J-J iS8
90
95
HClalliiUllB) Ist pref 100
Colum Ry con 5s See Pli ihi iisi
6
Knob
Mining.
Consumers' L H <£: Pow
90
White
10
95
100
1I2<1 preferred
Crosst'wu lst5s'33.J-D 105 "i IO6I2
OS 1938
J-D §101 102
90
98
Worching Pump pref .100 116 117
Common
100
Grand Rapids Ky
60
100
llDelroit City (ias
58
50 t
65
80
Col & Hock Coal>6i 1 pt 100
Preferred
Elizabeth Gas Lt C0..IOO 200
100
90
b8
J-J
86
1st g 5s 1917
1 Price per share,
a Ex rights. »Ex divj H SoUs on Stock Exchange, but not a very aoUTe wcnrity. _^
t Sale price,
i .Quf ^jp pay^ accrued interest.
Narragan (Prov) El Co 50
NY & Q El L&PowColOO
Preferred
100
UnitedElectrioof N JlOO
Outside Securities
'
79
20
66
,
1-.
!
'
;
a
'
'
1,
W
,
BB&
,
Tj
'
1
II
1-,
)
July
THE CHRONICLE.
2, 1904.]
97
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER MARCH
^5
Capital
1904
Surplus
Individual
84 !^10,141,000 $2,946,749 $25,742,900
f
13,252,641
56
5,355,000
1,593,796
•a New Hampahire..
9
11,728,923
4
6,240,000
1,497,382
JVermout
14,604,000
117,111,290
30 30,700,000
_ Boston
91,894.377
9 Massachusetts, otlier 195 37,367,600 14,527,050
34 11,155,260
3,697,190
20,022,517
|§ Khofte Island
8,366,971
43,743,160
81 20,082,070
Connecticut
j^
* Total Division No 1 5-2 H 121,040,820 47,233,137 323,495,708
41 105,625,000 76,545,000 517,338,572
f New York Oity
4
1,250,000
1,390,000
7,864,022
i Albany
6
1,362,000
2,250,000
14,698,826
^ Brooklyn
313 84,462,840 16,354,272 161,412,069
2 New York, other
131 17,661,500 12,286,650
87,940.343
B New Jersey
34 21,906,000 24,110,000 116.806,342
2 PhUadeljihia
31
24,760,000
86.069,711
19,800,000
g Pittsburgh
S Pennsylvania, other. 560 53,004,200 87,991,745 266,788,197
1,119
264.960,540
194,687,667 1,249,008,082
2
No
Division
Total
(
6,730.102
2,238,985
1,328,596
f Delaware
39,284,310
11,646,980
6,428,200
Baltimore
20,552,916
4,684,200
2,691,383
>
<b Maryland, other
2,658,200
20,701,149
S3 Wasnington
8,625,000
262.000
160,000
1,183,170
2 Dlst Columbia, other
7.'i;69,150
3,677,450
84,879,839
Virginia
B
" West Virginia
6,714,121
2,029,331
21,916,715
266 35,830,436 18.863,160 146,248,201
Total Division No 3
12,086.060
42
3,610,000
1,276,600
North Carolina
734,2.~<9
8,808,568
23
2,928,000
South Carolina
2
750,000
225,000
867,264
Savannah
49
5.178.000
2,030,291
18,387.997
Oeorgia, other
883,02,':
24
11,163,965
2,467,650
Horlaa
50
21,549,103
5,297,650
1,067,410
Alabama
21
2,340,000
801,600
8,740,609
Mlaalsslppl
19,572,694
6
2,400,000
8,660,000
New Orleans
27
1,790,810
930,460
9,689,487
) Louisiana, other
- Houston
7,516,067
6
1,460,000
905,000
6
1,275,000
606,000
4,238,846
Fort Worth
6
7,165,796
1,525,000
1.120,000
Dallas
374 25,203,500
6,752,745
73,734,032
Texas, other.........
18
8,464,994
1,745,000
554,500
Arkansas
11,240,265
8
4.648,000
1,858,500
liOuisvllle
100
24,506,776
9.321,550
2,421,292
Kentucky, other
60
7,345,000
33,178,879
2,160,885
Tennessee
1
100.000
238,727
Porto Rico
Total Division No 4 823 79,362,060 27,986,487 281,044,019
Maine
I
Columbus
1
S
S
Ohio, other
7
Indianapolis
Indiana^ other
g
)3
w
13
12
6
302
CUnctnnati
Cleveland
161
12
304
Chicago
Illinois,
other
8 Detroit
Michigan, other......
•? Milwaulcee
U
I
[
'Wisconsin, other ....
Total Division No 5
6
83
6
108
iMB
6
3,4.-)4,000
229,961
1.3.-i4,938
12,904,835
60,000
1,996,545
6
St Joseph
Missouri, other
3
16,600,000
2,650,000
550,000
4,350,000
2,894,600
2,388,400
500.000
3,280,000
6,816,000
1,200,000
500,000
8.672,600
83,481.300
3
7
Total Division
No 6
130
2
4
144
978
34
Wasliineton
Portland
Oregon, other....
33
« San Francisco....
Los Ang;ele8
g California, other.
62
f
I
I
3
7
S
£
T
9
Nevada
2
Alaska
1
Hawaii
2
Total Division
No 7
Montana
143
24
Wyoming
17
Denver
5
53
Colorado, other
New
Mexico
Oklahoma
Indian Territory....
Idaho
Salt Lake City
Utah, other
Arizona
Total Division No 8
Total for
U
8
3,645,000
1,050,000
1,570,000
7,800,000
4,500,000
5,150,000
232,000
50,000
525.000
24,472,000
2,620,000
1,020.000
2,500,000
3,310,000
21
1,216,.S00
90
100
23
4
10
11
358
3,379,680
4,431,277
1.064,2-..'8
1,100,000
630,000
606,000
21,876,^85
260, 000
115, 000
8,707, 401
10,354, 000
1,266, 500
186, 000
1,153, 560
476, 700
316, 103
165, 000
610, ,000
1,678; ,150
276, 000
126, 500
1,671, 688
27,474,114
1,346,000
210.000
396,068
8,901,000
1,330,000
1,603,500
30,000
3,000
65,500
8,885,068
718,000
217,050
810,000
986.920
242,640
358.3:J5
830,194
276,623
332,600
134,500
140,560
5,047,272
358,143
700,000
68.000
461,964
80,000
2,407.510
3,026,993
1,644,550
189,926
510,000
19,873,-551
13,060,454
11.445,315
2,645,522
14,927,082
26,858,151
2,084,162
2,901,723
40,640,019
351,726,825
$1,162,371
422,960
416,510
4,409,322
2,772,092
407,352
1,537,697
11,128,304
$123,370
00,740
61,880
$142,143
119.182
9,126,670
479,680
206,420
481,300
10,540,060
256,266
599.610
82,105
240,173
1,529,050
328,018
135.488
24,350
236.876
158,303
345.779
84,1^7
113,097
75,092
242,500
118,179
335,455
16,847,403
20,872,502
88,020,742
2,733.682
6,035,940
2,120,706
62,185,761
7
Omaha
826,622
441,671
125,910
1,200,475
681,968
442,580
299,960
500,191
200,000
135,121
90,000
498,911
1,089,748
90,560
2,696,750
2,112,056
1,658,354
1,197,327
Kansas City
Nebraska, other
Kansas City, Kan...
Wichita
Kansas, other
2,916,501
8.605,076
1,122,048
10.410,170
277,510
207,660
8,406,820
64,310
50,760
12,000
198,010
92,160
394,080
95,090
679,740
116,380
720,590
31,000
318,000
906,620
175,000
112,660
228,730
489,690
1,801,821
659,200
170,691
709,317
636,817
10.070
6.191,260
4.684,820
446,399
1,810.800
1.932,825
889,020
268,520
816,060
1,467,500
733,190
14,310,760
579,395
3,955,432
781,480
2.502,669
11,798,830
3,087,527
979,760
1,944,391
1,497,225
1,530,299
81,039,232
1.580,870
051,172
1,359,880
92,650
165,099
189,723
1,693,943
1,499,233
1,838,625
1,427,575
121,990
325,470
835,000
692,260
23,598,145
700
420
817 020
161 500
165 000
10 000
337,
701,
482, 130
12,021, 790
1,647, 630
1,253,037
14,788,809
74,776
229,086
5,562,237
23,780,364
6.875,623
7.199,213
25,559,151
17,694,479
21,410,777
1,071,823
100,716
1,124,011
104,716,167
2,447,309
2,372,110
855,420
6,391,675
3,361,846
1,941,115
27,105
37,960
192,940
17,627,480
1,192,560
427,358
13,326,322
899,630
251,925
2,684,580
1,306.878
202.028
284,102
199,352
401,100
679,144
257,215
236.738
7,402,592
231.640
17,980
362,700
336,270
30,880
174,140
80,850
34,000
15,350
2,880
47,400
1,333.490
1,038,771
620,000
40,000
160,000
1,239,419
14,274,213
14,849,882
4,989,355
26,487,862
28,259,375
5,295,927
11,663,518
7,945,840
6,525,226
4,137,783
3,180,031
3,803,113
117,037,912
46,080
1,598,630
211,350
1,030,120
36,480
33,918,983
6,083,938
17,230,360
12,152,388
9,490,291
3,255,006
15,928,767
26,793,787
4,910,192
2,734,692
33,277,832
405,324,709
220.000
821,683
89,927
31,242,724
8,862,268
10,238,249
21.465.037
23,517,601
26,125,749
837,050
207,277
790,133
123,286,088
92,2;il,738
1,901,197
1,074,116
120,000
1,336.667
434,156
882,250
137.119
1,110,136
539,941
249,458
180.000
50,280
184,100
489,679
97,142
90,000
3,561,213
4,88,=>,506
14,447,774
16,103,404
4,610,328
9,298.141
9,772,723
4,943,734
3,711,226
2,516,431
2,358,671
85,974,259
Silver
Certificates
142,797
628,097
436,873
109,963
34,770
761,700
663,205
2,777,405
393,370
699,991
286,137
378,960
106,576
130
146 550
67 535
105! 610
1,249,402
144, 540
105 780
45, 000
loo; 000
296 640
16,807, 775
749,194
307,495
93,453
50,
1 .800
123,360
39,460
812,440
145.460
68,480
20
3,200
140
28, 190*.
Silver
Certificates
7,036,137
44,198,785
17,830,772
15.373.767
1,048,679
88,447,545
21,739,921
145,676,606
15,033,292
14,037,871
89,581,694
1,559,9
2,882,018
1,732,969
67,636,048
62.877,982
27,516,454
4,442,670
16.28'2,400
Lincoln
7-20,000
1,165, 000
2.101, ,190
1,700, 832
158, 500
253
Oold
Treasury
700,219,533 76,966,547 108,468,800
58,570.255
276,604
483,000
13,763,457
340,018
309,022
646,400
12.708,682
199,667
3,464,837
2,291,770
144,370,965
2.980,759
1,189,597
799,630
81.474,148
1,192,438
5,434,820
148,229,842 11,391,073
4,195,606
3.112.539
112,906,789
4,784,750
8,031,049
211,865,377
7,180,188
2,351,860
6,282,181
76,771.923 1,426,538.793 103,889,407 125,261, 0.iO
40,546,149
46,292,942
11,335,934
121.576,28
16,957,069
53,083,997
184,896,690
106,082,100
16,828,073
48.857,155
29,188,408
43,886,335
719,530,184
Iowa, other
St Louis
70
77
ei
12,721,116
154,266,722
113,149,971
26,902,827
50,028,645
399,652,187
3,097,335
1,469,722
460,165
8,377,563
3,008,281
2,428,798
1,693,326
4,956,072
728,075
1,212,008
1,135,819
1,010,831
24.577.994
300,000
800,000
600,000
North Dakota
South Dakota
13,1.S7,137
8'i3,285
13,090,817
3
4
3
Cedar Rapids
1,327,925
80,084,800
25,394,445
11,855,811
127,637,154
17,063.191
63.404,982
121,872,834
119,806,142
11,320,188
54,747,056
26,952,066
53,485,355
663,624,024
8,77^500
Dubuque
$29,295,769
4,230,000
3,438,000
885,000
10,071,733
1,815,000
4,426,914
13,025,000
8,969,182
1,114,500
3,110,288
1,466,000
2,368,423
64,919,040
6
Des Mouies
$451,086
10,200,000
11,400,000
2,400,000
29,427,867
4,300,000
14,035,245
25,600,000
?2,326,000
4,100,000
8,630,000
4,550,000
8,482,600
145.450,612
190
....
Overdrafts)
14,974,742
10,626,001
2,248,506
21,055,589
9.751,519
17,916,185
8,804,537
20,394,654
9,832,190
6,202,900
5,247,333
7,973,871
71,161,709
6,592,496
16,415,581
27,934.955
32,238,096
63,720
2S9,413,593
4,000,000
4,450,000
St Paul
Minneapolis
Minnesota, other
Other
5,353,645
I
f
Oold and
counts (Incl'g Gold Cl'g H
Loans <& Dis-
Deposits
8'.)
,571
Legal
Tender
Treasury
Certiflcat's
$188,419
194,496
81,954
3,377,72s
1,041,938
201,954
737,349
5,826, S38
688,879 16,939,075
50,882
88,000
75,647
493,885
874,080 1,407,502
414,007 1,502,003
686,296 3,784,410
548,896 4,01.0,463
1,393.680 2,790,967
4.632,367 31,066.305
73,687
108,563
107,431
78,835
6,590
271,479
157,725
804.300
152,784
177,971
29.400
287,087
165,6iU
339,376
237,150
129,678
205,727
99,320
69,268
44,414
1,267,308
72,213
94,357
176,949
322,078
38,64
3.909,412
Notes
$370,397
297,137
258,695
4,429,737
2,440,803
587,831
908,301
9,298,901
44,109,259
814,213
671,981
3,448,758
2,52>;,464
3,742,858
5,024,773
6,312,973
66,744,283
183,374
171,161
1,282,738
1,504.711
252,641
468,528
16,725
425,723
216.379
3,846,108
557,541
1,252,277
44,10»
1,250,729
562,391
99,147
180,849
26,314
459,161
288,587
20,415
818,220
631,490
1,056,995
375,528
1,145,825
218.591
778,985
518,500
540,900
3,297,552
284,045
1,100,863
596,653
1,282,789
30,520
13,345,619
238,62li
83,9.-!9
269,029
35,617
836,086
165,776
122,822
12,853
56,254
1,015,738
43,102
195,406
153,792
489,077
4,024,427
282,623
107,211
87,102
214,316
338,176
63,743
690,667
777,668
250,677
61,063
547,471
416,663
483,624 6,64-2,302
932,388
747,100
46,680
64,186
304,485
299,883
107,832
134,044
282,196
265,368
3,634,769 10,61-2.589
180,810
71,801
297,337
24,613
59.564
9,404
397,119
75,176
247,290
65,706
144,100
103,614
88,378
27,617
192,211
173,805
18,863
13,696
312,785
2,503,389
94,469
32,455
243,843
82,000
65,088
29,000
509,433
3,160,123
1,580.462
156,271
134,263
46,382
65,669
2,100
297,793
95,662
5,000
34,000
810,667
6,963,670
217,137
87,072
110,625
369,281
165,443
238,783
8,794
4,660
36,484
1.228.279
110,653
5,600
80,609
67,637
158,909
46,833
110
195
190
410,746
111,345
34,935
140,153
164,606
11,502
12,185
309,783
195,801
29,274
101,923
111,65
33.833
6,933
4,044
16,634
831. 6ii
6-2,079
176,983
148,540
46.006
79,092
88,408
32,119
1,034,266
5,342, 89d
3,131,218
1,846,221
1,069,772
8,9.J9,558
1,250,780
2,001,106
17,006,594
3,154,266
598,250
1,199,133
849,148
1,032,321
37,01.8,351
480,129
634,549
644,164
57,000
809,076
60,000
1,651,087
6,895,147:
765,715'
881,943
626,144
832,867
812,511
96,030
1,096,693
636,164
495,992
99,076
1.089.706
16.318.992
202,479
13,238
64,474
29,179
164,806
269,874
3,368
""i95
727,611
479,997
73,81»
1,987,740
712,052
146,967
347,898
284,407
94,844
58,620
11,427'
108,897
4,256.662
5,232 765,974,753 385,096,945 3,254,470,859 160,233,462 3,575,725,438 194,844,489 186,834,700 19,275,832 63,472,250 163,098,314
Totals
2'^
Foe Beskhvb
CiTiKsj,
-I
•^S
Era
In Millions
o
If
f
Loans
V S Bonds
4 Stocks, ctx;
g Due from banks
t. Cleari'g H exch
5 Nat bank notes
S Gold
164
15
8
47
10
700
111
103
148
57
120
68
1
1
14
185
18
44
o Silver
4
Legal tenders..
4
Other resources
4
34
Totals
261 1.373
«
f
Capital
* Surplus
•g
a
2
g
a)
I
31
15
9
106
76
40
XJndivid profits
Circulation
37
8
Due to banks., 73 608
Due depositors. 122 676
Other llabiUtles
3
30
Totals
201 1,373
185
1,881 l,t]95 3,576
17
7
2 7 *2
20
12
59
12
251
460
176
11
"ii
4
4
15
1
9
26
311
52
7
3
17
_3
1
79J73
2JJ9
327
^26
24
13
5
6
4
154
123
11
115
121
1
299
327
6
17
71
31
602
533
888
182
26
382
83
153
105
48
79
102
181
3,596 3.010 6,606
17
322 '444 ^66
209 17ii 385
92
97
189
134 252 386
146 1,383
1,238
1
15 27 35
330
282
428
78 11
32
17 87
46
1,647 1,868 3,416
8a,
28
54
3,596 3,010 6,608
THE CHRONICLE.
98
[Vol. LXiix,
^n& Hailrcrad Intelligence.
RAILROAD GROSS EARNINOS.
Intrjestment
!»
The following
table shows tbe gross earnings of ©very Stbiajw railroad from which re;^lar waalcly or monthly returns
The fir«t two colomns of figures give tlie ffroas earniigps for the latest week or month, and the last two
columne the earninn for the period from July 1 to and includini^ such lategt week or month.
IXe returtu^ of me Btreei railwrnpti are brought together itepmra-ieln on a mbnequmit nage.
can be obt«ined.
Latest vro*s
ROADS
or
Ala Ot Boutbeni
NO&NoEMt.
.'
Ala
A
4
r. iBi
Ataantflc & Bir a April....
B^tmaw.&Birm Apiil .„.
AU Ooaev JLlii«..i Maf
Bait * Ann S L.. AprU....
Bait & Ohio
Hay
IMjl^or <% AxooGl April....
3d wbjnne
May
Bultalo ABaeq...
U«B»<llan Nortli
3il
CanfcOlaii t'aelile
Oeut'l of G«or^la
3a WkJOBA
8d Trkjane
irkjone
Ctent'lofN Jersey May ...
neutral PaclUc. Jaauary ..
SDulh'n. 3d WkJune
ObsUuD
.JiOlilo...
May
Ohio & Ait-on Rx- Way
Ohio Gt \7e8tem 3d wkJune
Ind
tailc
Olilo
A:
Mllw
CtUc.<fe
L'v...
et P
&
WD
North
3d wkJune
Hay
•«ay
P M & O. «tay
Term Vr Kh 3d wkJuna
CSilcSt
Qlilo
54.740 3,012,102
On N O & T Pac.
3d wkJiuie
01Cln(Jb& til L. April....
Peoria* Kaafii AHrtl...__
Colorado <fcteoiiJi 8d wkJuae
OolNewis* Uui.
April
Copper Rani?e...
Cornwall
Oore w all & Leb
May....,
.
...
i.^nl...,
A.iivn
OanQixirl'U ValVej JittLTMiry...
Denr.AKloUr.
/
84,000
19,000
19,000
Dm.
42,3-^1
,338,483
270,300
eO.283
55,419
19,41«
3d wkJnjie
S
Maokinae. May
Wetroit 6*»utheru. 3a wkJvAe
Dal So Bh & Atl 3d WkJune
323,000
May.
...
SrauBV & T H... ithwk Apt
P'rohild A' N'r'e'D May.
Faruiv & Powhai .Way
B,86»,OiJO
Kio Gr. Weet,
85,:K)3
38,764
47,79«
.
FtW&UonvCliv
ValG A
Slla
N..
Qt TrunJc SyBtem
Gr 'lY. West'
11
DetGrH&M.
Great NortH em.
Montana Cent'
Total Bystem.
ookln^ VaUei
out & Tex Gent
.
* £ W rexM
lloaa A Khrevep t
Illmole Central..
Illlnuis
boutherL
adlllA Iowa...
* GtNortU'ii
I
|jitier»c(Mox>...
wa
Central
lawha <fc Mich
anCltj ttoutli'u
<»Erl«AWeetu
ihlfh Val KR.
ixine
ibaet'n
ne lAitknd
&
.
uMaua & Arl
ai«T aeB<fc6t L
Lonltiv
jtaoou
<v
&
iLaa't*«U:
KsMiiv
Blnu..
Gr
..t
44,936
2,662,322
.
.
MitttiU. ..
3a waJoBe
»ay
17,877,043
99,835
6«7,180
j<,14^
.
7,893
Apl-il.
1,483.620
00,»39
41,129
7,229,778
920.936
2,219. »50
4li.58«,761
8,946,404
17,344,188
12,847,305
119,754
15,186,551
9.3^:8,135
7,495,580
4,908,820
43,611,814
45,842,411
11,103.253
1,703,224
5,924,»83
16,515,068
'J.3fti,853
6,004.227
104.900
314,045
85,375
202.257
842,194
63, ,549 2,447,581 2,639,013
264, ,1»0 41.108.530 41,436,484
47, 139 1,41*5,129 1,445,527
3,
295
7, •J04|
169, 899
166, 690
131, ,e0tJ
30, ,920
699; ,726
97, ,271
IS, ,284
019 395
191, ,635
^11, 030
S4 ,904
150 ,861
46U, ,339
81, ,8«3
19 ,041
048,
,794
4,
11, 4«3
136, ,886
»0, 069
103, 650
40,
JW7
958
5i5, 023
441, 432
;.8a4, 09ti
49, ,646
37,006
32.98^
76,735
69,8S4
2,168.9H8 2,093,231
2,269,656 2,143,441
1,559.393 1,494.723
179,385
235.533
33,254,048 82,466.837
5.081,376 4,8',^7.567
1,186,497 1,138,228
35,709,911 36,191,134
2,131,943 1,940,320
37,941,854 38,131,454
1,78H.548 1,665,157
6,580,102 6.873,092
3,461,608 8,358,^51
519,274
555,001
124,142
144,651
42,771,««7 41,0«8,51«
228.905
130,069
1,316,191 1,457,179
5,650,702 5,363,785
5,617. 581/ 4,9»3,660
2.312.644 2,844,393
1,006.162 1,221, -.^84
5,4*7,594 5,110,999
4,678.«34 4,442,291
27,086,112 23,953.356
517,008
454,276
305 ,855
57»,i*02
419,795
672.340
608,436
796! 915 86,026.025 34,5O4.3«0
1U2,420
11, ,096
13«,719
71,901
118.660
10, 614
Inc.
i.lO'i
ROADS
Week,
Year
322,400 15,960,284 16,812,034
871,187
894,353
83, 160
29, 605 1,465.065 1,189,488
2,8.'>7
9,298
154,073
April
169.4H4
May
129,544
Hay
29.078
January ..
Sd wkJan* 730,021
88,307
;2awk Jans
24,3o8
2d WkJune
2,83^,410
Way
212.233
^'ay
May
3,044,643
33,18U
3d WkJune
3d wkjune 127,917
4m,Vi«0
Jaiitt«ry .
jHAuary .
69,903
l«,5i4
Junoary
May
8,759,820
Haj
22.439
A.urtl
128.349
3d wltJ«»_
90,910
WkJimell 1K7,400
3.1 wkJiint'
44,687
3d wkJune
»0,776
aprii
502,483
Mi»y
408,554
May
*,5 14.006
Apill
42,620
Mm-oh. .
At«rtl
66,822
Latest Qrots
I'revtoui
36.000 2,270, ,689 2.112,530
19,000 1.213, 405 1,072.616
17,000 1.347, ,626 1,19«,5-16
in*. 302,106
38,430
39,132 1,89'i, 966 1,933.325
5,215,138 63.053, 7.12 07.862,791
207,465
976, ,849 ;i,672,490
642,293
03,375
661 ,022
1.720, 109 18,780, 785
14.tf70
11, 379
138, 944
,24a,90ti 5,721, l»69 59.689,
177.240 lee, 053 1,70S, 659
4,«65
61, 748
6, 448
2.841
37, 291
8, 067
1B6,4VJ9
101, 588 7,287, ,114
84,332
881, ,737
83, 194
6^,400
61, 600 3.027 ,600
9H3,0O0. 948, 000 45,040, 267
158,030 154, ,130 9,186, ,478
,924,ai5 1,889, 276 19.795, ,6oO
,4e0,659 1.349, 578 13,775, ,430
2 880
2,321
108, ,748
.617,942 1,502! 160 17,559, ,808
842,92R 837, 703 10,469 ,685
141,777 140, 717 7.958, ,876
101,929
98, 803 5,151, ,812
,631.435 3.702, 382 44,464 ,136
,835,900 4.336, ,855 48,954, ,075
795,037 890, 422 10.5l«t6, ,591
80,000
33, 559 1,524 ,230
119,317 128, 966 6,554 ,163
,637,537 1,633, 6-,^4 17,255 ,320
252,945 251, ,208 2,535 ,000
117,556 160, 657 5,59S ,438
14,i!43
190, ,037
16, 035
43.4ti3
421, ,474
37, 014
6,612
68, ,422
9, 394
21.305
2Ul ,707
22, 949
149,75u 125, 193 1,291 ,195
Dftt *:
#e«rgia KK
Aa South A Fla.
Uate
U2 57,083,340
Belief* nte Ueiit'l ^AJ
»rl<lKt & 8ao« K. \i>rn
Chesap
55,330
WKjaHO
& No. Way
-i.T*
Current
Year
Year
Lattit
r'aclUo.
&S
BuJlB«chA;
to
I'revlous
I'twtJene
AJl«gheai7 Valley .\pril
Ann Arbor
8n wkJune
Fe. Slay
AtohToi)
Atlatita & I'iutr.. A«>rU ...
Att E.n*£V
1
Yaar
TlokBb'g l«t«rtiJuiie
Tloksb Sh
July
OiirretU
Month
wkJone
3(1
Warnings
48, 729
or
& No
Month
Oamvngi
Jn.y
1
to
Ourrent
Y*wr
Prootous
Ytar
Ourrent
9
$
9
i
em/r
Latest Latt
hrtvu>%u
Year
343,745
34,327
27.714
68,147
7,100
7,672
Manlstiquji
Mar
2»3.41»
23,736
27.760
MMTl'd & Peiin.. May
2,347,081 2,213.447 17,258,092
IMexloaoCttiiKl.' Ap il
597,924 688.5.'8 5.»0'i,y65
{Mexican I tern. April
98,200 5.405.6O0
WkJone 11 111.500
{Maxt*au Ry
22,291
lii,J25 1,094.591
iMexlcaniVouUi'* 2<lwk June
5,170
64.904
8,519
Mlll»»a Ji ho'w'a. Ma.y..
672.748
12,545
11,0«1
Mineral tUmgo.. 3d wlf Jane
.^4..'^€0
62.059 2.75*,297
Mtnneap at 6^ I... 3<( vrkJune
M St P £ 8 8t »X. 3d wkJunw 125,599 141.933 «.723,940
Mo Kau & Tex(i> Sd wkJane 326,258 250,643 17.240.7o8
717.000 665, 000 40 ,42«,83«
Mo Pao <jk Iron Hi 3d wkjuu
27,000
24,000 1,721.000
C^aU'al BKanob 1 wkJmiKi
Total
3d WkJune 744.000 679.0OO 42.147. 88«
402,150
»,154
6,130
Mob JaokA KG. kJunelS
MobUeA Ohio... 3d WkJuriO 125,2M 123.77M 7,487,882
NaahOb ti m, L.. 3d WkJune 208,320 1«9,«16 9,934,988
INaClRRof Mfix 2d wkJune 206,152 206.052 10,96u.7ia
173,859
id. 262
19,703
«eT-Cal-Gr«g»u May .....
26,668
3,484
1,901
ilevada Central A 1*11......
71,130,848
6,3«9,899 6,712.479
K Y & Hod IMt May
570,497 621.952 6,010,110
M Y Ont* West. May
S Y8n»q & W«ei May....... 349,674 »»3,447 2,398.2*0
Rorfolk & Weefij April. ..... 1,909,651 1.956,406 18,811.476
901,866 I»61,l65 9,256,740
Hon ham Ceatral May
3,661,548 8,799,831 43,359,724
Nerth'n Paoific. May
30.321
889,649
83,2«4
Sor Store iCal). Febroary..
172,099
16,69:4
16,414)
Ohio R1V& West. April
442.969 44S,»eO 4,78».70«
Pacltlc Coast Co A^rU
109389235
10106138
10624588
EaatPAt
May.,
ePeatn—
inc. 1,17
i*tt. 63 9.100
eWeatPA E.... May.
Pero Marq uette le 34 wkJune 242,128 214,544 11,076.778
l,285.55ts 1,231.258 12,392,232
PhilaBalt&Wsh May
620,620 027,774 6,277,020
AprU
Phlla A Kile
l,9«2,26l 2,041.546 22,316,187
Plttab C C & !i« I. if^y
40. 202
3,874
Ra4«lcb & ; rear May
2,956,970 8,295,1 10 31 900,073 29,104.891
ae*<IlBS BAilway May
32,225,018
20,098,906
3.347,691 2,962,888
Oealife IrCo... May
6,304,661 6,247.948 64,125.091 49,203,797
Total Bebh Cos May.
159,927 138,102 1,176,75€ l,03b,648
ttloh Fr-ksl) & P
Awii
492,956
482.174
42,4«0
46.575
Rio Gi-aado Jot, AorU
451,416
537.653
9.600
11,003
aio GrMida So.. 3awkJane
8,596,696 8,6b0,4s(5 35,4<B2,811 34,757,088
Rocklal'dOo.... Mar ok.
1,115,908
1,187,148
122,207
93,955
St J»s AGr 1
AprU
2.988,257 2,693.201 27,01.0,407 24^14.054
<t L & Saa Fran 9 Itaroli,.
94,368 180.508 7,454,908 7,121,326
it L S*>QUiweet
3d WkJune
227,967 20«.011 2,301,537 2,195,190
May..
St L Van <b T H
121,847 116,292 1.231.961 1.172,087
i*»n FranJfcNP.. May.
Seaboard Air L.. IthwkMay 328.879 307.287 12,236,403 11.080,258
871,553
90,162 l,lJS2,865
95,908
May..
Bonthem Ind
7,608,720 7,459,»44 85,965,497 80,552.828
So PaalOoOofc... May..
OMitral PacAflc. Janaary. .. 1,460,659 1,849,67a 13,775,4^0 12,847,305
580,584 593, blO 4,221,191 4,014,019
Gal Har ASA. January..
096,201.
807,199
99,724
77,826
GaJI etooa « ff o January..
90,570
10,300
12,547
100,6^
GiilfWT*P.. January,.
101,517 161,821 1.144,280 1,168,165
January..
L«uls'a WeBC.
417,904 473,08«j 2,990,794 8,013,301
Mercan's L A T laauary
902,9e0
2e8,««2
50,084
90,646
N Y T A Mftx .. jMiaary
312,659 283,974 2,576,560 2,?44.219
Oregon & Calif. Jauuary..
081.749
665,161
70,159
65,523
So PaoCoa»t.... JtOlKlmtJ...
2,619.283 2,503,802 19,658,844 17,982,714
Bo Pao RHOo.. Jaauary
3,405,69
463,189
S«Paee»4.Lla«« January..
802,477 287,550 2,258.290 1,917,719
Jiuiaary,
Tex A Norl
801,341 781,067 43,978.629 41,819,7^6
lioatkern ftallw^y id WkJune
I,W09,998 1,783,642
107,677 160.76
May
Terre H A Ind
576,479
61,88
49,080
Terr* H A P**r. May
723,554
6e9.«87
7,949
9,219
Texa* Central . 3d wkJene
TaxM A Padao. 3*1 WkJune 168,116 171,040 11.688.»21 11.847.84A
144,«S4
139,600
lO,UOu
14,600
May..
Tex 3 V A N Vf
86.880 3,4^S,S«0 3,821,946
S 4,863
Tol A Okki Cent 3d wtjime
26.044
29,773 1.275,039 1,206.090
341 wkJane
Tol P A We«t
39.642 3,221,503 3,014.917
(59.024
Tol St L A W.... 3d wkJane
579,2t>4
465.022
19.',.i6»
16,189
Tor Ham <6 Bofl ttkwkMay
May
4,551.709 4.069.449 50,661,862 45.715.40«
U"n yao System
557.555
556.7546
46.250
58.831
VlnrlnlaifeSo VTb Ma»
Sd wkJune 468,469 407,877 22.337,918 2O.506.34O
ffaZtJUi....
342,800 32X>,OC0 3,904.534 3,6«0.0S4
W Jersey A Sea'e May
S6,5«l 4,211,149 4.089.265
89.709
Vfheei A LB,.... 3a wk.-a»e
163.2'4ii
13,69a
138,770
H'm'tport&N.Br. April
1J1.367
138,700 144,00. 0,288,797 0,468.657
V<rtaoeii»lu Oetit. Sd wkJsue
151.302
154.467
10,460
10,65
vVrinht«v A I'll. April
583,799 626,941 7,305,919 0,763.305
Yae<K> <fe Miss. V May.
Manls
East
AprU
-i
.
t
.
.
.
.
.
.
.
. .
.
VAKIOUK FiMCAL, TKARM.
KOADS
€rotg
AlieBhenv Valley
Atlauta A CLnrI Air Line
Atlantic A Blmiinsham a
Belleioute CVintnil
<^ca*co A >iortli West. 11.
CUlo Ht P Minu & Omaha..
Ouiulterland VaUcy
iDtcinatiunnl & Gt North'ii
I^Ke Erie & Weeteru
.
'Jan. 1 to Apr.
Mar. 1 tw Apr.
Dec. 1
Apr
M
Jan.
June
Jan.
Jan.
Jan.
Jan.
JlauJ«t«e A North Eastern Jan.
Mauintique
Jan.
Nar\ iKUd A PennsjlTania Mar.
Mlflsonri Pacific
Jan.
Gentrai Branch
Jan.
Total
Jan.
IMexican Central 4
Jaa.
Mexican latemational
Jan.
.
Samingi
1
1
to
to
80
80
May 31
May 31
Umj 31
1 lo
1 toJaa.
1 to Jiute
1 to
31
21
81
to Aj^- 90
to May 31
Xm Mar 91
to Jane 21
May
1
1
1
1
1
1
1
1
to
to
t«
to
Jam* 21
Jane 21
Aj^r. >0
k\\r. 80
\CMrrtnt Ttar \Pr*vioua Year
Dotrttu*.
602,446
2*8,127
24,802
68,760,804
4,129.840
149,750
2,215.497
1,912,183
140,402
27,847
76,0b6
18,4.16,564
769,000
1»,17»,S54
9,044,418
2,4Sl,7e8
.^6.177
565,859
'30,927
49,842.779
4,6<.Ki.932
——
KOADS
Oross
IMexioau Hallway
iMexlcau SonUiern
Jan.
Jan.
{National RR of Mexico... Jan.
Jan.
Northei-n Central
Mar.
N ort.h 8hoi-o
«Penm»y., Baet of P <fc E... Jau.
Jan.
eWoet of
E
«• Jan.
Pert* Marquette
Phlla Baltluioro
Wash.. Jan.
Krie
Jan.
FWJa^eJpWa
Pitt* Cln Chic
St Ixuiis.. Jan.
Hio Grande J unction
Uec.
Hov.
et L Vandalia A Tarre
Haute
Indlaiiap
Mov.
Terra
A
..
P&
125.193
2,880,145
1,981,718
A
130.242
A
U2,»43
A
78,S32
H
18,398,802
549.000
15,847, »02 Tarre Haute A Peoria
8,827, 2i:'5 T«za« * PacJtc
3,606.394 West Jersey & Seashore.
.
.
Samings
1 to
1 to
1 to
1 to
1 to
1 t«
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
Nov. 1 to
Jan. 1 to
Jan. 1 to
June 11
^uue 14
May
31
8
Dctreate.
31
Feb. 29
June 21
May
Tear \frtvious Year
^2,737,200
607,248
5,863,078
3,985,002
632,652
46.918,117
iit»0 14
May
May
\Cvarrei\t
51
Apr. »0
May SI
Apr. 80
May 81
May SI
May 81
5,020,555
6,300,294
2,103,«37
S, 597.211
VI 6.204
1,420.707
1,165,785
June 21
349. S76
5,180,847
Maj' 51
1,S683«8
^2,49 4,800
470.403
5,083,848
4,167,492
6Si!.485
49,327,417
aOO.500
5,006.743
5.447.794
2.254,896
9,741,282
217,540
l.>90,898
1,094,483
889.780
5.329.114
1,345,928
tievultiii OH
Monterey * M<-xlcan GoK are 'DOlB€l«d for boUi period*.
1 Inolodee ti'SBs-Miesoarl lines
cnrrenoy.
t Mexican
ftnee Feb. 16, iOOf
e Covers lines directly oper6 Ineladee tke Hona, A Tex. Cent, and Ite •ai>8idrilao« in both yeare *n<[ (or bothpertoda.
"
~*
ilted.
A Eaetere
( Ijiolu<1in« »av. #lor. A West, and also Florida Southern and Saafard
minels in botii years.
u Inclndee tlie C^Veajfo
&, &t. Petei-Bburg Rys. in bwtli yeara.
a These figures are for the oonaoi*
w laeludes Lake Eile A Det. Rlv. Ry. from Jan. 1 both jeajrs.
Idated oofaipany, Including Tlfton XUo»v. A Gulf and rifton A Norct^easterr
t
.
.
1i
1
July
.
.
..
'
.
,
THE CHRONICLE.
2, 1904.]
99
— Gross Earnings. —
Latest {iron» Earnlngri Dj VFeeks.—In the table whiob
follows
we^b
we sum up
The
Jnne.
of
separately the earnings for the third
table
covers
45 roads and
2*08 per oent Increase in the aggregate over the
showci
same week
last year.
1904
8d week of June.
S
56,330
42,881
Alkbacaa Gt. Sonthein
Aon ArDor
...
BoiTalo Booh.
A PlttaU'c
Canadian Northern
Oanadlan PaolOo...
OMitraJ or Georjna
166,42^^
6S,400
988.UOO
15»,030
...
Obattanoocra Southern.
Drarer
Drtrolt
A
& Boathem. *
BJo Grande
Bontbem
Oalnth So Hhor^
A
At.
Grand Tmnlk of Can... f
Ora>d TrtuLk Weat >
Det-Gd Hav. A Uilw. >
. .
* Ship Island
ooklBg valley
International & Gt.No..
Iowa central
Kanawha A Miohl^an...
LoolBTlUe & Kaahyllle..
Golf
Mineral Ran«re
Minn. * »t lionlB
Minn. St. F. & S. Ste.
Me. Kansas & Texas
Mo. Paolflo <h Iron Mt. . .
Csntral Branch ...
Mob. Jackson dt K. Olty H
MohUe & Ohio
Nashv. Chat. A St. ix>ala.
Pare Marguettet
Rio Grande Southern. ..
Bt. Loni* Sontbwestem.
U
BoQthem Railway
Texas Central
Texas & Paolflo
Toledo <h Ohio Central..
Toledo Peoria A West'n.
Toledo St. L. A West
.
Wabaah ..^..
...»
Wheeling ALatceBrie...
Wlaoonain Central.......
$
3,249
'*6,900
35.000
3,900
2.fl80
140.717
91.8AS
88.659
128.966
160,057
323.400
3O,«06
63.640
"i'.oeb
780,021
699,720
30,296
38.189
127.917
90,910
44,687
80,776
667,180
18,545
64,5^0
125.599
34.904
150,861
90.099
40,807
28,958
710,916
11.09)
68.859
141,933
a 59,64
665.000
24,000
6.130
133.778
189.616
214.544
11,003
130,»0«
783,687
7.948
17^,04^
336,25'<
717,000
37,000
8,164
125,226
a«8.336
342,138
9,606
94,308
801,341
9.819
163.116
84.8S3
26.044
60,634
468.4(9
89.709
188,700
Deertaae
590
64,740
39.132
161,688
61,500
918,000
154.180
141,777
101,929
SO.OOO
119,817
117.556
333.000
28,764
47,79«
7.891,565
Total (45 roads)
Net Increase (2-03
Inertat*.
S
2.821
Ohio. Great Western
Ohio. Ind'pUB A l^nlBv.
Chicago Term. Transfer.
Oln. I». O. A Texas Pao..
Dolorado
1908
"5,i59
""569
3,120
3.659
9,649
33,101
600
"5.H41
15,763
1,715
22,944
841
4.380
1,818
53,736
1,464
"8,299
16.834
75,616
63,000
3.«00
2,034
17,074
1,870
7,980
2,0 7
29.77H
39,642
407,877
86,581
144,008
4,729
29,988
60.592
3,128
1904.
1908
InertoMt.
Previously rep'd 44r'd;.»
Interooeanio (Mex.) ...
S
7.938.662
ir 137,400
Mexican Railway
Mexican Southern
Mob. Jaokson <b K. City.
Bio Grande Southern...
iriii,foo
22,291
117.462
8,725
ir»3,2C0
18,2 -'5
116,772
8,216.040
7,804,038
Total (49 roads)
Net increase (5-88 p
11
S
7.572.577
TT'OS.ePO
239,164
Dtertaat,
8
573.843
23,750
18,300
207,758
4,066
690
'"'jiVi
9,600
620.649
412.007
c.).
Year.
S
$
$
$
6,612
68,412
9,391
86,375
^
2,574
1,679
20,504 def,34.690
July
I
to
May
JamesVn Chaur.
Jan. 1 to
<>....
b
Mar. 31...
891,008
607,677
5,343,030 6,396,967
123,797
1,707,375
272,838
1,831,253
E.
dc L.
14,311
17,667
def.4,813
CamawhaAMK^b.a May
186,038
143,788
35,313
321,567
jQtr 1 to May 31 ... 1,518,276 1,133,883
Lehigh Valley BR.— See detailed statemsnt below
Louisv. A Kasbv.fc.May 2,858.813 3.084,385
839,818
1,834
86.670
103,025
834.732
Joly I to Itey 31 ...34,020,146 32,390.889 10,896,211 10,664,884
»t'l...
Intern
May
567,304
699.733
317,230
213,866
e Mex.
Jan. 1 to May 8. ... 2,989,147 3,166.117 1,271,140 1,272,449
tf.St P.AS. B M b May
489,389
579,535
173,443
243,848
July Ito May 31 .. 6,341,670 6,608,448 3,929,411 3,330,784
«. V.Ont. &»»<it aMay
631,952
150,696
214,645
570,497
July 1 to May 81 . 6,010,110 5,688,813 1,856,866 1,426.878
V.Y.Sus. AWeKl.aMay
249,674
283,447
130,036
109,949
959,767 1,020,708
July 1 to May 31.... 2,398,380 2,37 ,9^0
366.907
Northern Central bMay
901.885
801.165
305,207
649,669
908,969
Jaa. 1 to May ttl.... 3,986,692 4,167,492
LlnssdlreotlyoperateO
East of Pitts *F May 10,106,188 10,634,688 3,316,164 3,705,784
...46,918,117 49,327,41711,116,758 13,816,558
jjan. 1 to May
Deo. 228,900
Deo. 539,100
WeslofPlttK.AJt May
i»
May 3 ..
A Wanh. bMay
Jan. 1 to May Si....
ieadlug Company—
Palla.ABead'g h May
1 to
Phil. Bait.
Deo. 800,f>00
1,235,558 1,231,268
5,366,294 5,447,794
Dee. 1.420,300
395,8s7
414,287
1,0*5,625
1,412,125
2.956,970 3,295.110 1,119,284 1,448.192
81,900.073 29,104,891 12,469,180 10.394,438
328,596
466,757
3,347,691 2,968,838
)oal A Iron « o 8. May
July 1 to May Si . 82,325,018 20,098 906 2,863,518 2,457.826
Total both Co 'R. bMay 6,304,661 6,247,948 1,447,K80 1,914,849
64,186,091 49,203.797 16,321,647 12,852.261
July 1 to May ai
119.746
120,830
May
Beading Co. b.
1,300,615 1,204,242
July 1 to May 31 ...
1,568,710 2,034,695
Total all Co. V b..May
10,622.202 14,110,606
July 1 to May 31 ...
46.575
f 12,788
f 13,972
42,400
Bio (Grande Janot.. Apr.
f64,879
f65,26I
217,640
216,264
Deo. 1 to Apr. 3i'...
14,731
20.848
48,891
37,993
aio t^rande Son f b -May
177,324
254,^58
500,839
423,623
July 1 to May Si ..
ISooth. Pao. Co.tt. May 7,608,720 7,469,844 2,466,008 2,388,313
Jtdy 1 to May 31 .85,965,497 80,662,888 25,S76,698 23,389,321
1
to June
i
.
10,303
For the second week of Jane our final statement covere
49 roads, and shows 5'28 per cent increase in the aggregate
over the same week last year.
of June.
looking Valley .a..May
July
* Inolndes Bio Grande W<«8tern,
t Includes Lake Erie & Detroit
Biv. BB. In both years.
U Figures are for week ending Jane IS.
2d uMtk
Year.
TeliMfraph Co. —
Apr. 1 to May 31....
648,061
667,389
212.236
182,952
85.303
Uetrolt A Ei»r>ir o.aMay
83,160
19.867
5.754
8tt4,363
»i....
871,187
385,891
July 1 to May
368,142
Brle.a
May 8,889,030 4,364,190 1,503.191 1,808,104
July 1 to May 81... .41,108,530 41,488,484 10,627,199 13,981,100
677
Palrchlld&N. KastMay
2,857
3,895
639
32,883
37,0*6
9.080
July 1 to May S. ..
11,126
Famov.APowh'fnalffov.
7.304
9,398
1,412
687
July 1 to May »1....
76,788
69,884 def.2,341
649
85.109
(J^eorglaBB.a..
May
169,484
166.690
19,484
2,359,656 3,148,441
640,426
July 1 to May 31
676,486
Jml
86 880
396,240
167,076
July 1 to May 3i....
Cnnakerland Telephone A
Year.
J
1,397
36.140
7,734,488
May
Previnus
Year.
Peansyivania—
1.448
18,710
27,684
p. o.)
Roads.
i>omwall.a
Set Earnings.
Current
Previous
Current
208,642
Figures are for week ending Jane 11.
Southern Ral way Sy St —
_
.„ „
804,243
666,663
Southern Balw a May 3,532,129 3,448,780
41,622,226 39,036,537 11,191,937 10,503,439
to May ai
July
27,655
170,467
683,004
652,044
Mobile & Ohio. a.. May
July 1 to May ai ... 7,112,500 0,955,005 2,205,632 2,214,851
141,669
153.640
610,333
010,510
Cin N. O.&T P a May
6,194,808 6,502,305 1,461,894 1,3719,423
July 1 to May ai
250,491
45,008
66.257
264,586
Ala. Gt. South a.. May
638,736
584,156
2,838.659 2,500,3ti0
1
July 1 to May
22,815
35,646
131,806
139,^44
Ga. south, A F a.aMay
392,163
370,513
July 1 to May i^i .. 1,5&9,893 1,494,723
127,625
65,194
378,038
264,780
a May
Toledo A O. O'
662,103
679,414
3,252.653 3,074,957
July 1 to May 1
gUnl .uPac.Svut.ft May 4,551 ,769 4,069,449 1,933,670 1,576,904
50,661,803 46,718 402 22,931,420 20,318,641
July 1 to May Si
76,117
76.017
325,060
343,850
W.Jersey * 8<-m«(i May
130,377
188,777
1,36 -,828 1,343,928
Jan. 1 to May bi
214.998
193,040
689,100
618,445
vtsouuslnCentr'i.bMay
July Ito May 31.... 5,921,097 6,045,333 l,89i,798 2,808,726
I
—
—
••'
Net EarniiigB Monthly t« Latest Dates.— The table f ollo^» ing shows the gross and net earnings of Steam rallroade
reported this week. A full detailed statement, including a.i]
roads from which monthly returns can be obtained, Is give
once a month in these columns, and the latest statement c
this kind will be found in the Chboniolb of June 18
1904.
Th8 aezt will appear in the issue of July 23, 1»04.
— Gross Earnings. —
,
Roads.
Atch.T.*8. Pe.b..May
Current
Previous
Tear.
Year.
$
$
5,838,483 5,215,138
July 1 to May bi... 63,053,732 67,862,791
Atlantic A B. A;/. a Apr.
55,419
Deo. 1 to Apr. 3o ...
288,127
Br'nswlok <fe Sir a Apr.
19,416
nAtlantOoast L.a.May 1,832,736 1,720,109
July 1 to May ii
18,7 80,786 17,877,043
Bufl. B. A PltTbH b May
626.191
652,138
July 1 to May 3
6,841, lz7 6,745,013
Bnflalodt B'sqae.a May
84,382
83,194
July 1 to May 3. ..
881,737
920,986
Canadian Paoitio. a May 4.113,626 3,ft02.962
July 1 to May
42,062,267 39,804,761
0«nt. of Georgia a May
660,127
638,816
July 1 to May 8
8,7.8,548 8,486,314
Ohesap. & Ohii.ii May 1,617,042 1.502.160
July 1 to May
.
17,669.808 15,186,551
Chicago A Alton a May
837.703
842,938
July 1 to May 3
10,4(9,686 9,328,136
Ohio. M. A 8i. r.a May 8,531.485 8,702.382
Joly 1 to May 3
44,464,137 48.611,815
Color 'do & South, b. May
384,203
513,692
July 1 to May 31
6,251,990 6,686,212
.
.»
M
1
.
Ket l'kir7iings.
J'rfviGiis
Current
Year
Year
-
tl,816.583 »2,027,350
124379652 t23723564
17,825
73,376
654
660,668
7,050,417
233,4!)4
2,811,-84
35,088
306,326
1,391,505
12,703,194
81,632
1,973.051
532,343
5,906.995
207,110
3,296,225
703,760
15,366,<<04
689.290
6,291.75H
2P0.5t5
2,889,408
30,192
404,801
1,383,357
14,590,790
41 225
2,009,544
505,586
5,139.765
289,675
2,9^7.871
^69.03•
15,008.667
d 29.492
d73.011
dl301,962 dl289,462
'
—
a snetaarningsnereglven are after deducting taxes.
b ffetearnlngs here ictven are before detaotmg taxes.
c These figures are In Mexican ourrenoy, and are convertible Into
<old at the current rate of exchange.
dNet. after deducting taxes Is $64,134 and $111,434 for 1904
and 1903 respectively for May, and from July 1 to May 31 net l8
$1,072,481 this year against $1,090,818 previous year.
f Thirty per cent of gross earnings.
g Length of road was reduced In July, 1903, by 562 miles on account
of sale of part of the Oregon Short Line system and figures for previous
year have been revised to conform to the new basis.
I Houston A Texas Central and Us snbslrtiary lines are Included
both for the month and for the period from July 1.
Valley
j These figures Include results on the Buffalo A Allegheny
OivlslOB In both years.
H hese figures are for the consolidated company, including the
Tl/ton ThomasvUle A Qnlf and Tlfton A Northeastern.
I
n
Including earnings of Savannah Florida
and also Florida Southern and Sanford
A
St.
A
Western In both years
Petersburg By. In both
years.
For May, 1904, taxes and rentals amounted to $211,855,
deducting which net for May, 1904, was
From July 1 to May 31, 1904»
«1,604,728, against $1,846,755.
axes and rentals amounted to $2,167,824 this year, agst. $1,977,867
ast J ear, after deducting whioh, balance is $22,211,828 this year
against $20,746,207.
f
igalnst $180,596, after
TRE CHRONICLE.
100
iBterest CbargreB and 8irpl«84—Thefollowlngrroadijn
aidition totbelr gross and net earnings given In the foregoing, also report oharges for Interest, fto,, with the lurplos
above or deflolt below those oharges.
$
Jioads.
AtlantloA BInn
Dec I to
Bmnawlok
Blr..Apr.
Buffalo <b8'Bqiieh..May
Jaly 1 to May 31....
Georgia
July
RR
May
May
1 to
May
July 1 to
May 31
& L. B.—
a^O.OOO
a658.277
87.989
930.083
8,658
29,168
def.4,114
'36,406
•24,499
*318.499
•354,380
•df.2e.982 •df.30.568
•206,242
"140,396
*57,867
•199,186
*1, 180,434 •1,458,432
Jamest'n Chaut.
Jan. 1 to Mar. 31....
975 deM3,288
8,475
20,576
226,441
EanawbaA Mloli...May
July 1 to May 31
K. Y. Out. & West, . May
Jnly 1 to May 31
•17,443
*15,720
•2,446 *df.71.090
91.122
148,670
722.074
731,648
18,628
180.120
g65.975
e»94.230
g59,574
gD33,792
.
349
Beaaing—
May
All oompanleB
July 1 io May 31
BloGrande Junot... Apr.
Deo. 1 to Apr. 30
Bio Grande South.. May
July 1 to May 3i
I Bontbern Pao.Sys.May
May
July 1 to
888,000
9,768,000
8,333
39,166
17.833
198,241
2,416.379
(
895,721
680,710 1,138.974
9,862,932 6.854,262 4,263,574
7.708
6.264
4,405
38,541
25,713
26,720
•6,821
15,033 'def. 3,100
•60,956
203,109 *dM4,540
*117.257
df.2507&84
•33,695
•87,804
40.101
•233,356
•388,324
443,066
•70,545
146.291
•51,938
•333,517
•629,988
1.612,743
29109108
31....^
& 01iloCen..May
Jnly 1 to May 31
WiBOonsin Central.. May
July 1 to May 3i....
Toledo
38,719
432.163
144.819
1,603,914
Aiter allowing for other Income received.
5 These flgrureB Include $888,723 appropriated for betterments
•
and additions
to properties
and equipment In May, 1904, and
$12,-
391,283 during period from July 1 to May 31.
a Oharges here Include road-rental (paid by lessees) and other
deductions.
S These are net charges after allowing for other income received.
I Houston
Texas Central and its subsidiary lines are included
both for the month and for the period from Jnly 1.
&
Lehigh Vallbt Bauaoao Compakt.
-May.
.
1904.
July 1
.
—
1903.
May 31.
to
1904.
1903.
OroBS eai-nlngs
2.514.006 2,624,098 27.086,112
Operating expenseB.... 1,609,583 1.664,359 17,132,333
23,953,356
17,432,252
940,423
Totalincome
959,739
52,773
456,664
6,521,104
472,910
905,494
1,012,512 10,410,343
6,994,014
taxes (est.) and
other deductions
477,590
494,034 5,330,441
5,445,565
618,478
92,000
6,079,902
1,134,333
1,648,459
1,114,000
Ketincome
270,238
Net inc. Lehigh Val. and
426,478
3,945,569
434,459
otbu oontr'U'd coal cos. 116,968
168.369
758,224
775,000
594.847
4.703.793
1,209.459
1,071
9,953,779
Week or Mo our'nl
Lehigh Val. Trac. Oo.
Street Ry. Dep
Electric Light Dep.
Lexington Ry
LondonSt. Ry.(Oan.)
Met.
Mil.
(WlB.) Traction.
West Side Eiev..
Elec.Ry.ALt.Oo
Mll.LtHeat<kTr.Co.
Montreal Street Ry..
Muncle Hartford A
Ft.
Wayne
Mask.
a"r. A.
April.
April.
56,820
13,9.'^4
61,771
12,397
May..
May..
May..
May..
May..
May..
May..
26,148
26 968
li,4.'S4
18,149
9,354
8.242
177.276 169,461
260,816 245,134
36,488 31,630
220,154 172,987
May..
16,505
May
May
Gaa Department... May
erew London St. Ry.. May
BTor. Ohio Tr A Lt. C!o. May
Northern Texas Trac. May
Northwestern Elev.. Mav
Latest Dat
PtemouM
Year.
Yetir.
204,414
226,615
.57,9 7 z
58,892
116,2S1
105,668
59.256
59,346
36,936
38,028
896,944
870,393
1.267.258 1,181,764
164.482
140,839
943,877
830,918
64,613
6,860
6,819
2,507
2,790
3.137
2.934
6,348
5,861
74,917 74.25B
60.736 38.278
107,309 103,834
7.876
6.270
7,610
7,152
7.794
8,222
23,211
7,982
.
Railway...
Traction.
Peeks. L't'K* RR. Co.
Peotia & Pekln Term
Philadelphia Oo.and
St.
Orange
1 to
Current
Light. Oo.
Street Ry. Depart..
Electric Light Dep.
Olean
Jan.
Frev'ut
Year.
'
Year.
(3o.
April
April
March
March
Affiliated Corpor's. May..
Pottsv. Union Tract. May..
RyB Co. G«n.— Roads. April.
Light Go's
April.
Rochester Railway
..
1,362,690 1.268,079
17.798
21,998
16,26/
22.849
1,92/
1.808
122.795 101,947
May..
28.047
14,250
18.502
22,639
316,581
211,722
548,814
28,866
26,267
24,192
71,085
29,501
16,339
19,462
21,3B
811,011
168,060
526,598
23.518
25,246
22,888
26,915
6,761.902 8,553,471
70,110
66,341
76.959
80.114
7.811
7.907
578,683
497,505
Beloit &
Janesville
May.
11,332 11,882
St Joseph (Mo.) Ry.
Lt. Heat & Pow. Co. May.
54,271 45,582
St. LotUB Transit.... May.
837,873 641,680 3,322,049 2,821,874
San Bernardino Val.
Tract. Co
March.... 10,296
28,811
RooUord
Sao Paulo (BrazU)
Tram. I/t & Po. Oo. AprU
Savannah
Seattle Electric Co. .
South Side Elevated.
Springfl'd & Xenla Tr
SyracuBeRap.Tr.Ry.
Tampa Electric
Co...
Terre Haute Elec.Oo,
Tol.Bowl.6r.&8o.Tr.
Toledo Rys. & Light.
Toledo & Western....
Toronto Railway
twin City Rap. Tran.
anion (N. Bedford)..
United of San Fran..
Wash. Alex. & Mt. V.
Toungstown-Sharon
t
119,000
40,941
April
66,064
April
187,874
May
129,18U
W^June26
1,467
April
69.040
April
30,484
April
42,041
May
23,096
May
142.581
May
18,254
WkJnne25 48,578
Sdwk June 86.259
May
30.720
May
574.969
May
22,702
May
38,693
109,926
38,866
Elect. Oo. April
Saranton Railway...
II
Net earnings
Other income
Latest OroMS Barning$.
Obom
Babnirob.
Mad.
12,256
135.596
a62,795
a572,855
76.684
894,516
31
HooklnK Valley
$
9.167
44,208
4,768
15,570
141,819
Apr.
Apr. 30....
<Sr
—
Rentals, etc.
r—Jial. of Net Earn'gs.—.
Onrrenl
J'revious
Current
Previous
Year.
Year.
Year.
Year.
Till.,
.
[Vol. Lxxix.
I
61,.536
160.832
128,470
1.426
63,612
23,480
33,327
«4,778
135.415
487,354
158,653
247,814
738,267
676,637
23.546
422,650
150,361
234,842
632,147
658,817
23,504
260,788
94,123
132,858
108,072
630,632
270.241
111,984
165,564
100,780
677,222
78,325
42,023 1,088,493 9'52,849
77,907 1,942,71-; 1,814,578
132,903
133,592
32,109
544,156 2,687,988 2,478,557
101,328
31,718
91,181
186,925
Spanish silver.
These are results for properties owned.
c Results for main line.
earnings Include the Detroit United Ry., Detroit A Port
Suron Shore Line and the Sandwich Windsor <h Amherstburg By.
V These figures are for period from Jane 1 to May 31.
n These
Int..
Net earnings
427,904
157,666
Addlt'nB&improvem'tB.
Street Railway Net Earninga.— The following table gives
and net earnings received
this week. The last general snmmary which we famlah once
a month, and in which we bring together all the roads from
which monthly returns can be procured, was given June
25, the next will be given July 80.
/
«— Gross Earnings.
Net Earnings.
»he returns of Street railway gross
—
>
.
Total net income....
387.206
8TBEET BAILWAT8 AND TRACTION COMPANIES.
Latett Oroit .Bantings.
Eabhimos.
VukorMo
Albany & Hudson ... May
American E'ys. Oo.|l. May
Aur. Elgin & Ohio. Ry
Bingham ton Ry
May
May
Boston <te Worcester.. May
Burlingt'n (Vt.) Trac.
Cal.
Gas &
Electric.
May
April
May
Chicago
May
Chic. & Oak Park...c May
Cent. Penn. Tract...
&
Mil. Elec.
Oln. Dayton ATol.Tr. April
Cln. Newp. & Coving.
Light & Traction... April
OltisenB' Ry. & Light
(Muscatine. Iowa).. April
Oleve.&So.W.Tr.Co..
Ctteve.
Palnsv.
&
Our'nl
Tear.
9
fan. 1 to Latett Date
Prefw Current
Year.
Year.
$
22,299
9
97.616
Previous
Year.
S
93,843
486.139
22.529
123,669 117,876
623.466
41,778
137,202
21,217 20,311
88,938
37,700
7,471
6.417
27,529
322,969 218.75C 1,202,195
46,124 48,669
197,549
34,476 20,042
122.412
64,137 65,97?
327,460
84,718 39,267
130,678
191,560
71,238
331,598
140,651
393,460
868,249
99,459
92,945
86,410
26,529
8,126
6.822
31,838
28,662
41,4il 39,038
160,620 156,303
14.961 14.900
53,344
52,939
12.374 12,581
43.735
44,360
3dwkJune 92,242 87,716 1,926,839 1,882,421
3d wk June 13,23S 14,373
876,728 276,339
May
105.134 87,305
478,109 385.945
May
3».101 39,148
173,894
168,544
March
57,765 50.112
VVfeJnne26 t 32,097 128.761 }798,003 1685,882
May
E... April
W'port 8t.By. May
Dart. &
Detroit United Ry..ii
Dulnth Street Ry...
Bast St. Louie & Sub.
Elgin Aurora & Sou-.
Grand Rapids Ry
Havana Elec. Ry.Co.
Honolulu Rapid Tr.
May
A Land Co
Houghton Co. St. Ry. April
Houston Elec. St. Ry. April
Illinois Traction Co.. April
Indlanap. & East. Ry.
Indlanap.Shelbyvllle
A Southeaatern Tr.
Intemat'l Tract. Co.
May
If
arch
System (Buffalo)... April
Jacksonville Eleo.(3o. April
Kansas City Ry.&U. May
Lake Shore
Elec.
LeMgh Traction
Ry May
AprU
30.178
16,919
32.049
75.438
17,656
6,784
22.252
15,597
32.539
52.627
11.812
135,338
66.636
116,080
309,386
78,676
103,071
57.751
125,075
242,033
48,366
17,742
Moads.
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
—
Auburn & Syra.
Elee. 1»
Jan. 1 to Mar. 31....
Dtlnth Street Ry.b.May
Jan. 1 to May 31
87,905
52.269
239.868
23,265
52,389
235,878
3,701
24,374
86,673
8,874
28.796
91,860
30,178
22,252
103,071
13,703
64,423
141,101
1,487,651
19,076
28,940
1,370
2,654
10,82t
44,491
Honolulu Rapid Transit
May
diiLand.b
Jan. 1 to May 31....
136,338
Kan. City Ry.& Lt.aMay
348,156
June 1 to May 31
3,878,357
53,799
Lake 8h. Elec. Ry.aMay
211.406
Jan. 1 to May 31....
New London St.Ry.May
Jan. 1 to May 31...,
6,343
23,639
51,488
208,079
5,861
21,832
20,583
62,143
72i
1.014
roungstowa-Sharon Ry.
&
Lt. Co.a
Jan. Ito
May
May
38,693
186,925
31....
15,812
71,802
a Net earnings here given are after dednoting taxes.
bNetearningshereglven are before deduotlng taxes.
interesi unarges
and Surplus.— The following Stbbb
railways. In addition to their gross and net earnings given In
tie foregoing, also report oharges for interest, &c., with the
sarplus or deficit above or below those charges.
^Bal. of Net Earn^gs.—.
Inf., Henlals, etc.
—
/
Roads.
.
Current
Previous
Current
Previous
Year.
Year.
Year,
Year.
$
Aubnm & Syrao. Elec—
Jan. 1 to Mar. 31
Duluth Street Ry...May
Jan. 1 to
May
31
15,082
16,518
82,862
9,227
15,225
75,994
*df. 10.926
7,861
14,311
•def.190
8,570
15,366
Honolulu Bapid Transit
&Land
312,708 295.332 1.209.048 1,154,805
23.519 19,361
89.991
75,843
348,165
v8,878.857
53,799 51,488 211.406 203.079
10,488
40.648
9.911
38.166
Current
Jan. 1 to
May
LakeSb. Elect
Jan. 1 to
*
May
May
Si....
May
31....
4,652
22,158
20,871
101,854
•9,308
•7,258
3,105
•33,768
•39,145
15,521
162
20,870 def.1,296
98.150 def. 72,914 def. 46,007
After allowing for other Income received.
J
.
Jttlt
2,
THE CHRONICLE.
1904]
ANNUAL REPORTS.
Annual Reports.— All annual
reports of steam railroads,
and mieoellaneous companies which have been
published during the first half of 1904 may be found by reference to the general index in last week's Chronicle, the annual
reports being indicated in this index by heavy-faced type.
street railways
101
Organization.— The General Asphalt Co. was incorporated May 19
1903. At that time the business was divided among 69 diflerent corporations, 54 of which were wholly owned by the General Asphalt Oo.
The buslB ess of these 54 companies has been consolidated substantially Into four active ocinpanlee: (1) Barber Asphalt Paving Co., the
chief operating company, engaged In the refining, manufacture and
sale of asphalt and asphalt io products, and In the construction of
pavements; (2 and 3) the New Trinidad Lake Asphalt Co., Limited,
and the New York
Bermudez Co., supply companies only, engaged
In the sale of asphalt from deposits owned or controlled by them; (4)
the South American Asphalt Paving Co., engaged In paving in South
&
Cleveland Cincinnati Chioagro & St. Lonig By.
American cities.
Of the 54 companies wholly owned by the General Asphalt Co. at
^Advance Statement for the year ended June SO, 1904 J
the time of Us organization, the business of the many pavlcg com
The results for the fiscal year ending June 30 (partly esti- panles had previously been absorbed Into the Barber Asphalt
Paving
Co. by certain forms of lease. Further progress has since been made
mated in 1901) compare as below:
1904.
(Estim.
1903.
JflOZ.
f Actual.)
(Actual.)
920,390,762
15,669,431
$18,717,072
13,744,920
$4,342,077
160,000
$4,721,331
162,711
$4,972,162
78,360
Total
$4,602,077
Flxed'ctaarges
$2,862,744
Dividend on preferred (5%)...
499,925
Dividend on common (4%)....
1,119.612
$4,874,042
$2,844,063
499,925
1,119,612
$5,050,512
$2,799,650
499,944
1,119.572
$410,442
$631,346
Gross earnliifiCB
$21,070,324
Operating expenses and taxes. 16,728,147
Net earnings
Other Inoome
Balance, sarplus
78, p. 1906. 1446.
$19,796
—V.
Wlieeline & Lake Erie Railroad.
^Statement to New York Stock Exchange.J
No annual report has been issued since that for the year
ending June 30, 1903, but the statement recently submitted
to the New York Stock Exchange in connection with the
listing of equipment bonds affords the following:
INCOME ACCOUNT.
Tear end.
8 mos. end. Tear end.
Tear end.
Feb 29.'04. June 30,'03. June 30,'02. June 30,'01
OrosB earnings
$2,949,942 $4,284,771 $3,637,023 $2,998,183
Operating expenses. 2,134,678
2,593,803
3,238,062
2,070,514
Netearnlngs
$816,264
$1,001,709
Deduct—
Aooroed Int. on bonds $411,913
Taxes
99,999
Rentals of terminals.
and discount
$603,163
154,254
99,480 >
132,122^
63,993
114,252
Int.
$989,028
$12,680
BALANOK SHEET.
$690,188
$125,106
Total
Balance net Ino
Feb.29.'0i. J'neS0,'02.
A$sets—
$
Additions to prop-
Investtueu ts In
stocks and bonds
Treasury bonds
Material
Cash on hand
479,019
636,476
1,969,«97
469,321
Agents & cond'org
U. S. Government,
RBs. and others..
Adv. to sundry cos.
Unapp. Ins. prem.
221,867
859,418
108,488
8,697
341,466
870,994
$774,697
$146,952
Feb.29, '04, J'ne30,'02.
I
I
stock, ...20,0C0,,000 20,000,000
Flret pref. stock.. 4
,900 4,986.900
Second pref.stock.ll.eos, 600 H,9H3,500
Mortgage bonds.. 14,621 ,000 18,867,000
Treasury bonds...
266,000
Equip, trust bonds
Common
or other obllR's.. 2,647, 877
payable acc't
loan & real est
1,220;,680
Touch's & payrolls 826 ,666
1,969,897
118,,436
108,,782
100,310
213,576
67,118
19,«24
425,627
.
Sundry railroads
and others
Int. due & accrued
Accrued taxes..-.
,
Proat and
Total
—V.
$871,096
$72,124
96, 640
Miscellaneous
1,802
6,028
Busp'e accts.unad.
$542,819
96,761
136,627
Bills
266,01
349,788
228,439
121.565
8,614
243,851
907,022
$921,649
$572,296
129.562
169,238
Llabiimes-
$
Co»tof property.. 60.841,462 49,671,610
» ertyand impts.. 1,264,987
Cost of new eqnlpment'ln snspen'e 8,647,877
$943,220
57,158,454 51.920,166
78, p. 2601, 8444.
Total
589,177
loss....
450,524
560,694
57,168.464 64,920,166
. .
refined at the lake. The total was 14,845 tons in excess of the shipments of 1902 and 1,075 tons In excess of the shipments of 1901.
The shipments of 1902 were much curtailed because of the then existing revolution In Venezuela. All of the shipments of 1903 were to the
United States.
American Car & Foundry Co.
fR^)ort for the year ending April
The report
affords the following
South Americas Asphalt Paving Co. - This company was organ-
$8,447,030
1901-02.
$6,603,928
1,044,399
817,276
$7,402,631
342,729
$4,686,653
391,051
1902-03.
Earnings from all sonroes
$6,585,879
BenewalB. replacements, repairs,
new patents, etc
906.767
Ket earnings
SO, 1904,
:
190304.
Kew conBtruotlon charged off.
$4,680,112
183,249
Ket Inoome
$4,496,863 $7,059,902 $4,295,602
Dividends (7 p. o.) on preferred.. $2,100,000 $2,100,000 $2,100,000
Dividends on common
(3)900,000 (3)900,000 (2)600,000
Balance, surplus
Previous surplus
$4,069,902
6,670,561
$1,595,602
5,074,949
$12,227,317 $10,730,463
$6,670 551
$1,496,863
10,730.464
Total surplus
BALANCE SHEET OF APRIL
30.
1904.
1903.
Aueta—
t,
t
Cost of proper's ..x59,fl89,8T4 68,874,629
Material on hand.. 6,084,814 13.133,t-03
Acc'nta receivable 6,627,161 9,618,687
Cash on band and
In bank
Total
..
4,089,369
2,468,066
..76,060.718 84,086,076
1904.
$
LiabiUUei-
1903.
t
Preferred stock. .80,000,000 30,000,000
.
Common
stock.... 30.000,000 80,000.000
Audited vouchers. 2,611,42812,930,400
iJll,974
421,216
Pay-rolls
Surplus account. .12,227,316 10,730,464
.
Total
.76,060,718 84,086,076
X Includes permanent
Inveefinerts, 157,060,766; stocks and bonds of other
fompantes at cost or less, tl,'iiV,214; additions steel car plants at Detroit,
Wicb.. Beiwlfk, Pa., and Ductlngton, W. Va., and additional real estate,
I689.895.
The "workirg capital" has teen increased since the organlcompany from $5,857,902 to $14,637,156.
The Audit Co. of New York appends its certificate to the
ration of the
report.— V. 78,
I
I
p. 2336, 1398.
General Asphalt Company.
^Report for the year ending April 30, 1904 J
The tables from the report were given in the Chronicle of
May 21, page 1960. President John M. Mack says in sub-
stance:
PjpcalTejib.— For convenience In accounting, the fiscal year of all
tnbsldlBTy ormpanlfR taee beenolianged to end Jan. 31, Instead of Dec.
81, In each year. Ihe flRcal year of the General Asphalt Oo. ends
Apill 30th. IhDB the pieeent statement includes thirteen months for
the subsidiary companies.
I
I
I
I
>
toward simpUfloatlon of operations and accounting, in that 22 of said
companies are being dissolved, and their assets and business com
pletely merged Into the Barber Asphalt Paving Oo. Others have been
and are being, taken over, and will be dissolved as rapidly as their
afi'alrs can be arranged to permit dissolution.
Of the 14 partly owned companies, one Is in process of liquidation;
two have been dissolved by mutual consent; the outstanding Interest
In another has been acquired and the company dissolved; lu a fourth
the minority Interest is about to be sold; In two others the capital
stock has been reduced by mutual consent, and a partial distribution
of the assets has been made with a view to ultimate liquidation; and
In three our Interest has been abandoned as of no value.
Basbbb Asphalt Paving Co.— All of the plants and real estate of
your company and the various companies consolidated with It were
carefully re-appralsed during Ihe year. Real estate, hitherto standing
on the books at $1,347,795, was written down to $1,310,288; and
plants, appraised at $2,583,077, were written down to $1,784,089^
resulting In a total depreciation of property account of $816,495.
This special depreciation was made as of July Ist, 1908, In addition to
which the sum of $158,207, being for purpose of annual depreciation,
was written ofl^ from plant account as of Jan, 3l8t, 1904. The balance
sheet of the Barber Company contains only two items of inter-oompany aooounis, namely, one with the New Trinidad Lake Asphalt Co.,
Limited, and the other with the New York & Bermudez Oo.
The erection of the principal refinery of the Barber Asphalt Paving
Co. on 19 acres of land belonging to the company, with water front, at
Maurer, N. J., has been completed. The plant is extensive and
modern, and possesses ample capacity for refining asphalt for paving
purposes, and also for the manufacture of other asphaltic products,
such as roofing felts, ready-made roofings, mastic paints, pipe dip, and
other articles of commerce composed wholly or In part of asphalt, for
which the company Is now seeking to establish a market.
New Trisidad Lake Asphalt Co., Limited.—This company owns
the concession to the Pitch Lake In the Island of Trinidad, and also has
large Interests In the land asphalt deposits outside of and surrounding the lake. During the year 1903 there were extracted 181,076 tons
of crude asphalt from Trinidad Pitch Lake, of which 129,892 tons
were carried to the United States and 34.834 tons to Europe. This
total tonnage shows an increase over 1902 of 37,324 tons; over 1901,
of 44,552 tons; over 1900, of 67,863 tons. The digging and sale of
land asphalt has considerably diminished because of the depletion or
exhaustion of the several Irregular deposits of land asphalt that had
been found and worked within the areas of the several town lots in,
the village of La Brea, owned or controlled by competitors.
New York & Bermudez Co.—The exclusive right to all asphalt in
the former State of Bermudez, Venezuela, was obtained by this company through the acquisition of a concession from the Government of
Venezuela granted in 1883. Subsequently mining titles and real
estate titles were acquired to Bermudez Lake, the only asphalt deposit
of importance In that territory. Thereafter the company remained In
undisturbed possession until Deo., 1900, when an efl'ort was made by
competitors to secure title to the property for their own use and beneThe protracted litigation resulting continued at heavy expense
fit.
until February, 1904, when a decision was unanimously rendered by
the High Federal Coort— the court of last resort in Venezuela— afhrmIng the company's title and calling upon the executive departments
of the Republic of Venezuela to cancel and set aside all other mining
claims within the former State of Bermudez.
The total number of tons extracted from Bermudez Lake during
1903 was 23,264, of which 22,357 was shipped as crude and 907 was
ized to take over the business of a partly owned company which had
done business in Buenos Ayres, Argentine, for a number of years.
The company secured no new contracts during the year 1903, and It
therefore shows a loss for the year. Since the close of the year 1903
It has obtained contracts In Rio Janeiro, Brazil, and Santiago, Chill.
Volume of Business— See Chronicle of May 31, page i960.
Working Capital.— In many cities, particularly those of the Middle
West, street Improvements are paid for by the Issuance of Improvement bonds or tax bills against the Individual properties Improved,
payable, generally, in Instalments covering five or ten years. While
this class of seouilty is intrlneically good, the lien being superior to a
mortgage or other incnmbrance, yet the form of such security Is not
such as to render it readily marketable. Farthermore, during the
past year some cities which pay for their Improvements in cash
through sale of bonds have been unable to sell their securities, and
payments have been necessarily delayed. The company has, therefore, an unusual amount of improvement bonds, tax bills, warrants
and other municipal securities awaiting sale, which necessarily ties
up a considerable amount of its working capital. Daring the last
year competition has been active and prices have been low. The oompan.v must therefore do a large volume of business at a relatively
This condition makes a large working capital necessary, particularly at times when, as during the last year, the market
does not readily absorb municipal securities.
Funded Debt.—The General Asphalt Co. has no debts of its owb
floating or funded. The funded debts of underlying companies are:
1. New Trinidad Lake Asphalt Co., Limited, 6 per cent debentures
small profit.
to $1,749.39.'>, dated Jan. let, 1898, secured by mortgage
of the concession to Trinidad Lake, maturing [Jan. 1] 1930, with an
annual sinking fund provision which will retire the entire Issue at or
before the maturity thereof. The debentures are held ohlefiy In London. For the year 1903 the income tax upon earnings paid to the
British Government amounted to $14,144.
2. Barber Asphalt Paving Oo., 6 per cent debentures, $889,100;
Issued In 1896, not secured by mortgage or deed of trust. They
mature In [April] 1916 and maybe called at any time after 1906 at
par and Inrerest.
3. New York & Bermudez Oo. 6 per cent Kold bonds, dated Oct. 1st,
1891, maturing In 1911. $260,000, secured by mortgage of Bermudex
Lake. Entire issue Is owned by the New Trinidad Lake Asphalt Co,
Reserve.— The company's reserve for maintenance of pavements,
depreciation of accounts and seonrlties, and flro Insurance, now
amounts to $4,241,618. During 1903 the company expended $272,121 for the improTenient of pavements In excess of the reserve which
had previously been carried for expenditure in 1903, for the ordinary
maintenance of pavements during that year, and charged this amount
against Its surplus. Many of the companies absorbed by the Asphalt
Company of America had constmoted Inferior pavements, the guaranties of which were then assumed and many of which are still In
amounting
thp: chronicle.
102
wm
aaoh
force. The oondiUon of these paTementa nader rii*raDty
tbat It waa bellevAd tobe oamd polloy to expend an mnanual amount
durlDK 1903 Id their iceneral Improvement. bellevluK that Bach ex
eendlture would re«alt la illnilalBhed ooitH hureaftor. No tfaarantieN
ave been aiBained bv tht^ Oenoral Aaphalt Co. other than th08e
Inherited from the Asphalt C^orapany of Atnerloa.
The llqaldailoD ot ibo If atlnual ContraotlnK Oo hai> continued dariOK the year No new centraotfl of any kind have been taken, and the
company has but one contract In force.
Compare
mentioned in V.
tables already
78, p. 1960.
Detroit (Mich.) City Uas Co.
fStatemett of June 17th, 1904
The ststement made nnder date of Jane 17 to the New
York Stock Exchange upon the listing of 'he |174.600 stock
allotted to shareholders at $75 per share aifords the following:
(the balance sheet of Dec. 81, 1900, is annexed for compari-
son.— Ed
)
The earnings for the calendar years 1901, 1908 and 1903 and
for four months ended April SO, 1904, after paying taxes and
4 mo». end'g
il/»r.30, 904.
,
^MC.Tll
Neteamlnga
Less Interest charges.. 111,080
Bnrplaa
$135,031
1903.
1902.
1901.
$707,507
321,472
$605,211
304,688
$527,019
298,068
$386,035
$300,523
$228,951
BALANCE SHBBT.
Apr.'aO.'Oi. Dee.»l,'00
Assets—
Plant
Materials
.4pr.30,'04. r)«<.ai,'00
Liabilities-
$
....12,100,608 10,788.846
147,461
78,614
Exp. paid In adv...
6.887
13'<»,278
Gas blUg. current. 181,447
do la arrears
2''.004
10.75«
Petty ledger accts.
2fl,9">!>
Stock outstanding 4,825,600
do In treasury..
174,ouO
Sondry assnts
net.Ga«r!o.con.5».
Det. Gas Co. lnc.58.
75,40U
Bills receivable
Pmtscb gas
bills
68,906
$
734
11.344
93,845
.
Cash
8,882
55,846
Det. City Gai Co.
gen. mort...
Det. nty Gas Co.
prior
Bill!
Hen
»8.
payable
Aoconnti payable.
Consumers' aepos.
W«ses& salaries..
27 9.i4
240,552
.
.
101,471
12,579
808.498
.
4,806,000
3H1.000
16,000
692.000
J07.( jj3
20,715
4.203
(?)
8,471
66,950
114,438
Total
12^612806 Xl,ll8,46»l
the stock as follows: In 18»9, 2^ p. c.>
12.612.806 11,118,466
Dividends have been paid on
»
4.600,000
600,0 JO
200,000
5,60S,000
381,000
Ix.OnO
186.U09
*S 715
43,711
15,825
Accrnad taxes. ..
Ctfs.onndebted
Coup & int. accr'd
Sundry liabilities
Undivided profits.
Total
that k railroad corporation was to be f '>rmed nnder the laws of Texas
til at the railroad should be conveved to this corporation; that of the
«tock of the corporation the Klrby Lumber Co. shonld have 49 per
c»nt and Mr. Yoakum 61 per cent; ihat bonds to the amount of
$1.00).000 should be Issaed when legally au hortzed, aad from the
proceeds of the bands ths above loan or C9O0,0O0 should be paid and
Ui« balance paid to th* Klrby Lnmber Oo aud thfi company was to
pay Vl.OOO a year for the use of ihe road to carry lu own freight.
Pursuant t" this contract, the lumber company conveyed the railroad
to O. W. niillard, tructee. and the railroad corporation hat been
chartered, but nothing further has been done, and the receivers of the
lumber oompany hold posit-sBlon o the railroad It is understood
that steps will soon be taken to enforce or oaacel this contract (compare V.78, p. 1895).
LIABILITIBB.
Vendor's lien notes
$421,907
Equipment lien notes
78,898
Aartlted pay roils and labor lien notes
303.634
Bills payable, secured by stock, etc
663.389
Other bills payable
1,250,803
,
Audited vouchers
Accounts payable
90,489
216,363
59,069
20,435
14,695
18,588
748,086
29,844
1,087
8aie» accounts payable
Merchandise ohooks
Mrrohandlse orders outstanding
charges except interest, were:
all
[Vol. Lxjfix.
p. 0.; 1901, 2i« p. c; 1902, nothing; 1903, 5 p. c; 1904. 2>fl p o.
to data. [Tfce dividends In 11*03 were paia In oertlflcates of indebtedness. $240,55'/]
The oi'rapany ha.s expended for oonstruetlon Rlnee It
began boslnesB on March 1, 1998. S2,673,902 17. The miles of mains
laid since Deo. 81, 19^ 0, have increased trom 308-5 miles to 4209
miles, and the number of meters connected from 38,477 meters to
70,190 meters.
Dlrfctor*— A. O. Angell, Cameron Carrie. Thomas H. Habkard,
Emerson McMillin, John Byrne, John 0. D 'unelly, Alanson P. Lathroo,
O'Brien, Georj^e Crocker. Daxter M. Ferry, Eagene T. Lynch,
George H. Rassell. F aDk Sallivan Smitli.
Emerson McMillin is President; Oharlfls S. Rltter. Secretary; Walter
B. Mahony. Asst Secretary; M. >V, O'Brien, Treanurer. Transfer
Agents, Emerson MoMiUin & Co., 40 Wall St. Stock Begistrar, New
York aecurlty Trust Co.— V. 78, p. 2601, 822.
1900, 6
Taxes
Due on stumpage contract
laterest aoerued
Carriers' freight bills
Total
$3,912,265
The oonpany has outstanding $5,000,00) preferred and $S,000,000
common stock. There are llabtlltlss of attorney's fees and also for
court costs, and there may be liabilities for damages for personal injuries and breach of contracts. The claims for personal injaries aggregate $84 928 and for breach of contraot $21,094.
Dividends.— On Jan. 1, 1902. the amount of preferred stock ontstaudmc was $2,500,000, and on that date a dividend of $87,000 was
paid. OnjQly 1,1902, alike dividend was paid. Nearlv all of this
stock was then owned by the President, J H. Klrby, and he collected
the $176,0')0 dividends, except $10,000 paid to stockh jldert; bat soon
after Mr. Klrby, on account of the failure ot the company to obtain
money to pay debts then due, returned to the company the $166,000
drawn hi nlm, so that the sum of $i0,000 is all that has in faet been
paid on dividends.
Timber Cbrtificatbs.— The Kirbv Lumber Co. issued no timber oertifloates. The Houston Oil Co. issued timber certlfloares to the amount
of $9,92'',129, of which $100,000 have been paid. The Klrby Lumber
Co. agreed to purchase of the Houston Oil Oo. timber more than sulflolent to pay these oertlflcates, and agreed to pay for a mlnlmam
quantity each y»ar, whether used or not, and under this contract the
inmher oompany paid to the oil company $i, 610,968 for timber not
used, and \^ indebted to it $748,066 for ilmaer cat and nsel under the
contract (compare V. 74, p. 98,330; V. 75,p. 138, 1363; V. 78, p. 2602).
V. 78, p, 2014, 1501.
—
GENERAL INVESTMENT NEWS.
M W
BAIIiEOADS. fNGLUDlNe STREET BO ADS.
(The) Arkansas Missouri & Kansas lRR.~New EnterBonds Off<rei.—Q»oTge N. Lindsay, Treasurer of
priie.
this company, Cnanute, Kansas, is receiving subscriptions
&
for the first issue of 50-year 5 p. c. gold bonds of flOO each,
Kirby Lumber Company.
to be issued on account of the first section of the company's
('Report of Master Commiisioner.)
railroad in Kansas, The line is proj -icted to run from ChaThe report regarding the company's assets, liabilitiee, etc., nute, Kahsas, to Memphis, Tenn., a distance of about 425
miles, of which the portion from Joplin to Channte, Kansu,
filed at Houston, Tex., on Jane 16 by Judge R, Burnett.
Special Master in Chancery, is cited by the 'Houston Post" about 85 miles, is nnder contract for construction. The offiof Jane 17 as follows: " The valuations," the Master states, cers, etc., are
Albert N. Hoxle, President, 28 Dock Square, Boston; Levi Rosen"are those of the temporary receivers, who are experienced
mill and lumber men. The valuation of the timber and thal, Viae- President; James T. Brink. Secretary; George N. Lindsay,
Chief Eng Jee. F. Wolfe,
Treasurer; D. W. Spooner, Gen. Mgr.
timber lands on the stumpage basis does not represent the Ot-nera Counsel; First National Bank, of Chanute, Kaosas, Trustee
cash market price of the land and timber, for it would for bonds.
take several years to realize on the sale of the timber as cut
Beaamout (Tex.) Traction Co.— Control. See Southern
and measured. I have examined the titles to the land."
Eleotrlc Securities Co. bslow.
A8BKT8 (SUBJBCT IN PAHT TO MOKXGAGB OB CONTRACT LIABILITIES).
Bro >klya Kapid Transit Co. — Decision as to Transfert on
(I) At Beanmont. Tex., OB s^qq acres of Noah Tavis tract
Lines. The Appellate Division of the Supreme C!oart
Leased
and 56 lots and parts of luES, valued at
$738,939
on Jane 24 (Justice Woodward writing tha opiaiou), in an
<2) 12 mill sites in Texae,'buomage property in Louisiana, 3
blocks in Dallas. 7>s acres in woolvile, 3 lots in Austin,
action brought by Luka O'Reilly against the B-ooklyn
1 lot In Qalntana, 4 low In Hearne, 3 lots in Unero 728, qq
Heights RR., affirm^ the jadgment of the First Ma nicipal
acres in Orange and 10 acres in Jrfferson County
123.437
Court, which impoaed a fine of $50 for a refusal to give a free
(3) Timber and timber landa, l/6,3'22 acres la 10 counties,
oontalnlDg 790,170,303 feet stunopage, value 9S per M.
2,370,511 transfer at the intersection of the Vanderbllt Avenue line of
(4) Tram roids and lOKitlng outfits, 48 locomotives, 685
the Nassau EI^Kstrio RR and the cross-town line of the
oars, Z steam loaders. 106 miles railroad tr»ok, tools and
Brooklyn City RR. The Court holds thit transfers must be
appliances, rot^ways, SHl.ftOO cross-ties 44^0 miles Beaumont termlnsls, camp stock and equipment
1,130,462 given from one leased line to anotoer, just as though the
lines were owned instead of being leased, the statute con(5) ManuftMJtnrliig plant*: 18 saw mills, planing mills, dry
kilns, platforms, miscellaneous bnlldlnge, foundry and
templating that in return for 'the benefits of the privilege
machine shops
1,527,241
conferred of contracting with other cos.," and "virtually
9<i6,5I4
(6) Lumber, logs, ties, piilatfs, etc
£
176,307 consolidating" them, the Brooklyn Heights RR. assumed the
(7) Merchandise and supplies, coat
99.978 obligations accompanying the privilege and muat "furaish
(8) Bills reoelrablsmiot discounted
646.861
(9) Anoounts irioolvable
BaJaaoes
due by agents
8«,34« transfers over all the lines in its control wh-^re such trans(10)
(II) Stumpage paid for and not used
1,610,968 fers are necessary for a continuous trip." The case is a test
—
'
<fe
;
I
—
—
1
.
i
(12) MlAooUaueoas seourliles
(13) Foraitare and fixtures
(14) Oa«h
(16) County and city scrip
Total
4,3uO
2.953
6,785
2.244
f 9,462. 857
The company has a stumpage eontract with the Houston
Oil Co.,
but this contract may be subject to forfeiture, and It cannot now be
determined whether ft has any value, or whether it m»y beoi>me a
liability by reason of damages that maybe recovered for failure to
comply with its terms. The company had contracted to purchase
189.000 acres of lands, known as Kountza lanoe, bat the contraci has
become
forfeltt^d.
In addition the company owns $3,164,500 preferred and $2,838, ooo
oommoD stock of the H ms'on Oil Oo. The stock of the Houtton Oil
Co. and a large amount of notes and accounts due the company are
pledged a'4 ooiateral security.
There is due the company $2,830 by sabscrlbers to capital stock
At the reoelVfr>-hip the onexplred insurance amounted to i(22.453.
MOTE FOE $600,000— RAILROAD PROPERTY AND CONTRACT.
The company on Nov. 28, 1908. borrowKd $ <00,000 and executed its
note to C. W. HlUlard, trustee, for this amoaut, and entur<Kl into a
contract with B. F. Yoakam whereby the oomp-uiy iiiJiroed to se 1 to
Mr.
Yoakum 140
miles or the company's railroad, with the aereement
As the contencase, many similar actions being pending.
tions in the case were basdd upon the fact that the roads are
street surface railroads, the decision, appar-ntly at least, has
no bearing on the question of free transfers over tha lines of
the system to Coney Island, to which two fares are charged.
The opinion was given at length In the "Brooklyn Eagle" of
Junp
24.
—
In view no doubt of the aforesaid decision, the
Nassau Electric RR, to the Brooklyn H-<ights RR,
was terminated Thursday nigut, the lines being now operated
Terminated.
lease of the
Independently.— V.
78, p. 23S3, 2010.
Denver Northwestern
&
P&citleRj. -First Section For-
—The first section of this road extending from
Mammoth, Col., 50 mil»s, was formally opened
mally Opened.
Dc»nver to
oo June 24th, two trains ot seven coaches each carrying the
members of the Denver Chamber of Commerce and other
nunets over the line. The road is described as built according to the best of modern methods, with 80-lb. rails and slag
or stone ballast, Track laying is going steadily forward.
—
July
2,
1904.
J
THE CHRONICLE.
Mortgage.— The company's mortgage for $22,500,000 has
the Mercantile Trust Co of this city being the
trustee. Section 4 reads in part as follows:
That the ueveral llnea of railway of the said Denver Northwestern &
Paolflo By. Oo. ehaU extend from the olty of Denver, Ool., by the most
feasible rout« to San Franoleco, Oal.. by the way of Salt Lake Oiiy In
the State of Utah.— V. 78, p. 1108, 842.
Great Nortliern By. of Canad*.— iVb Cash for Coupons,—
Inquiry yesterday at the Central Trust Co. of New York
disolosed the fact that no money had been received for tha
payment of the July coupons and no advices were at hand
indicating the purpose of the railway company respecting the
same.
A despatch to the New York News Bureau says:
Wennderstand that aconaoUdatlon with the Chateangay Northern
and other companies la nnder way. It 1« haped that matters can be
closed up within the six montht allowed by the mortgage before bond
holders can take any action. We alw nnderstand that the new oonaolldated company will Issue a bond bearing t p c. lotereat, and that the
holdersof amajorUy of the old bonds h»ve already agreed to aooept
the new 4s in exohanxe and a cash p*yment for the coupon dne to
day. A vital f»ct In oonDectlon with the matter Is that the Mackenzie Mann syndicate (controUlog the Canadian Northern) has agreed,
BO we are informed, to buy $4,000,000 of the new bODds at 85. This
been
filed,
company with all necessary cash for construction
and other purposes.— V. 78, p 287.
RetireHantmnnd Whiting & East Chicago Electric
ment of Bonds —The |1 00,000 bonds maturing March 1, 1804,
were retired with flOO.OOO stock (not $150,000), an additional
$50,000 of stock being issued for betterments.—V. 62, p.
will provide the
Rj—
103
with the remalader of the subsidy fu id, it is understood,
being emploved to cover the entire outlay. The January interest, we are Informed, was also entirely met from the subsidy fund, the presumption being that the company's net
earnings, which hold up well, have been expended in connection with the fl)ating debt, amounting to about $7,000,000,
and perhaps for other requirement?.
Status of Subsidy Fund, Etc.— We have succeeded in
elucidating the conflicting statements regarding the position
of the company's subsidy fund. Our information, while not
directly oflBcial, is based on authority which
hardly be
Under the blanket mortgage of 1889, the comqu»«tioned
pany was auth on z id to is me not exceeding $8,000,000 of 5
p. c. gold ''Pfioritf bonds," due July 1, 1939, but subject to
these bonds,
call at 110 and interest at the company's option
according to the mortgage, are "entitled to be paid first in
full, both principal and interest," before any payment is
made on the consol. 43. The mortgage speelfijally set aside
$1,000,000 of the Priority bonds to be issued by the company "only for additional rolling st03k when necessary."
Since Jan. 1, 1904, these $1,000,000 Priority bonds, which
were never issued, have been certified and turned over to
tbe company for the purpose named In the mortgage.
The Priority bonds have therefore fared as follows :
APPLICATION OF PBIOEITT BONDS.
cm
;
Total authorized
$8,000,00«
Reserved for rolling stock and not issaed to
Remainder sold by company
86, 502.
in
oo.
till
1904,.. 1,000,000
1888 at 95, net
$7,000,000
off at 110 and Interest on April 10, 1891, with proIowa & Minnesota By. —JVet* Bonds.—The mort- Paid
ceeds of subsidy collections, and canceled
1,408,000
gage covering this new proposed belt line around Chicago is
in
during 1889 90 with the proceeds
made tx) the Illinois Trust & Savings Bank of Chicago, as Remainder bought
IlliBOis
and will secure not exceeding $5 000,000 of 5 p. c.
gold bonds of $1,000 each, described as follows:
Dated March 1, 1904, dne March 1, 1944 but subject to call as an
entire issue at company's option on any Interest day at 107 and Interest, upon six monthh' notlw; Interest payable Sept. 1 and March I in
New Y' rk and Ohioago. the ttrst coupon being for the six months ending Sept. I. 190^ Of the authorized amount. $4,000,000 Is Issuable at
not exceeding $.<0.000 per mile of mala track when completed In sections of not less than 10 miles. The remaining tl 000,000 Is issuable
(a) upon vote of not less thun two thirds of stock for the acquisition
of completed oonueC^lng lines, the bonds to be a first lien chareon
trustee,
exceeding $30,000 per mile, or (b) at
not exceed$100,0 lO yearly for additional lands, buildings, sidetracks,
•eoond track, termtnals, improvements and additional rolling stock,
but only when the portion of the road for which these aoqalsltion are
intended Is in operation. Upon six months' default In Interest, trustee
must act for proleotion of bondholders If requested by holders of 10
per cent of bondp, his action by entry, receivership, etc., being subject
to direction by holders of 75 p. c. of bonds.
at not
ing
R-^garding the route of the proposed line, see V. 78, p. 2699,
Unim Traction Co.— Proposed Modiftcxtion of
Lease.- See Union Traction Co. of Indiana below,— V. 78, p,
iQdluna
1275, 1167,
of the subsidy settlement with the Mexican Government,
at a total cost of $6,122,046 and since held as an Investmentavai able for int.on consol. mort. 4s
$5,597,000
Withdrawn for account of July, 1904, interest on consol.
mort. 4b, understood to be about
1,860,000
Bemaiulng in trust for benefit of consol. 4b, about
$1,847,000
Iq addition to the Priority bonds there was held by the
Boston Safe Daposit & Trust Co., as trustee, on Dae, 81, 1902,
as security for the payment of interest on the consol. 4s, the
so-aalled "dubsidy fund," which has been applied as follows :
SUBSIDY FOND PROPEB.
Balance in hands of trustee on Bee. 31, 1902, after payment of $500,000 to the Railway Company for estimated
deficit In eamisg fixed charges for the year 1902
$1,812,795
Withdrawn on aoconut of Interest payments In 1903 and for
payment of the entire amount of Interest on consol. 4s,
due Jan. 1, 1904
xl,615,795
Balance, consisting of $194,000 ooniol. 4s and about
$3,000 cash, available on account of July, 1904, interest. x$197,Q00
X These amounts
assets of the fund
are not exact, as
not knowa on what basis tbe
2599, 2012.
It is
were valued.— V. 78,
p.
Lehigh YaUey BB.— Dividend* iJes«»ied.— Dividend disMinneapaiis St. Paal & Saolt Ste. Marie Rj.— Purchase.
which were suspended in 1893, will, it is anThe shareholders will vote on Sept. 20 on a proposition to
nounced, be resumed on Aug, 1 by the payment to holders of approve the action of the directors in the purchase of the
record on July 15 of the amounts declared by the directors Bismirck Washburn & Great Palls Ry. The mortgage of
on Wednesday, viz,: 10 p. c. on the $05,300 preferred stock this latter company is to be canceled, all the bonds secured
and 1 p. c. on the $40 334,800 common stock. The latter by it being in the possession of the purchasing company. V.
dividend Is described as "a dividend" merely, neither the ex- 78, p. 1962, 820.
pression "quarterly" nor "semi-annual" being used. Prior
Neoqaeboning Valley KR.— 2o Ritire StocJc.-See Lehigh
to the dividend suspension in 1893 the distributions were
" lodustrials " below.
quarterly, the payments during the calendar year 1893 ag- Coal & Navigation Co. under
gregating 4 p. o in 1892 5}4 p. c, and from 1888 to 1891 5 p. c,
New York Ontario & Western Rj.— Voting Trust to ConThe statement of earnings for the eleven tinue—No Dividend at Present. Plan Needed. The directper annum.
months ending May 31, ia04 (which is given in full on page ors on Wedneaday approved the report of the committee,
10))v show a surplus over all fixed charges, etc., of $4 703,- consisting of Grant B. Schley, C. Ledyard Blair and Garald
79^, being an increase oP $8,494,338 over the same period of L, H oyt, which is adverse to the declaration of a dividend
1902-08,
The dividends just declared call for $413,978.
and to the possibility at present of terminating the voting
Regarding the present declaration, a director is quoted aa trust. Tbis trust, it is claimed, must continue, because 40
saying: "It is simply a 1 per cent dividend; future declara- of the 30,000 shares of the preferred stock remain outstandtions depend wholly upon earnings." -V. 78, p. 2599, 1781.
ing, the Act of 1835 permitting diasolution of the trust only
L«high Vall«y Traetion Co.— Modificit ion of Pla '.—The upon the retirement of "all" the issue.
Prom the report of the committee, printed in an eightplan of reorg niz%tlon has been modified, it is stated, in the
page circular, we take the following condensed excerpts, the
following particulars, and will shortly be issued:
opinion of counsel, as well as the committee, being cited only
Second mortgage bonds to be known as general mortgage bonds and
—
tributions,
—
,
m
increased fn
$2 !S00,' 00 to $7,500,000. $5,0ci0,000 being reserved
for redempfli>n tf nrst mortgage bonds, $2 .000,000 to be Issued for re
tirement of $^,000,000 eubuldlary line b >uds on the basis of 50 p. c.
or 60 p, c therefor and $600,000 to remain in treasury.
First mortgage bonds incr^^ased from $4,600,000 to $5,000,000 to
provide for exchange of $300,000 Qaakertown Traction 58 and $60,000 Maonugle extension 5s should a favorable opportunity oflfar, and
$40,000 for extensions or improvements.
$2,770,600 of the first mortgage bonds to be 48 redeemable in SO
years at 105, and the remaining $2,230,000 to be 58 redeemable In 30
years at 1 10.
A five-year voting trust is proposed,— V. 78, p. 2884, 2334.
Massachasetts Electric Companies.— Sa?e of Bonds.— Th*'
compHny has
—
—
in part:
Opiniox of CotTNSEL.— That we might reach a conclusion advisedly,
B. Hornblowar, from whose opinion we qu9te
we consulted Hon. W.
the
f 'llowlng:
' It is to be borne in mind
that the right of the preferred shareholders to elect eight of the thirteen directors is quite dlstlnot from the
'voting trust.* The right of the preferred stookaolderii to elect eltjht
of the directors rents upon the Articles of A«soolaClonof the company,
dated Jan. '21, 1S80, by wUloh it is provided:
"Sixth.—That the corporation is to be managed by thirteen (13)
directors, of whom the preferred etockbolders are to elect eight (3)
and the oommoa stockholders five {(>), until such time as the company
"hall have earned and paid a dividend upon the oommoa stock; upon
the happening of which event the directors shall be elected by a majority of both classes voting at any election."
On the other hand the so called 'voting trust' arises under an Act
of the Lcijisla ure, passed in iH85, pr>villag for the exchange of preferred stock for bondi. By Section 2 of the Act it was provided that
whenever any t»mch exohitnge should be made, the stock so nxohsngad
should bn traasf "rred to and renlntered upon the bookn of ihecimpany in the name of Thomas P. Fjwler and four othsr persons named
as trustees for the company./who shall hold the s-tme uutil all the preferred stock shiill he se exchanged and traosferreii; aud nntil that
time the trustees aforps.tid aui their successors shall be entitled to
vote upon any pre'erred stock so oxchangf^d and transferred at all
elections for directors representing preferred stock anl at all meet-
sold at private sale to investors at a price
understood to be slightly lees th»n par $1,000,000 each of the
new 4 p. c. 50year gold bonds recently authorized by the
Boston & Northern and Old Colony Street Railwav Companies, respectively, for the purpose of funding their floating
debt and providing for improvements. Ttie management, it
is stated, does not propose to dispose of any mare of tnese
bonds at present. Compare V. 78, p. 2599, 1907.
Mexican Central By. Intereat Payment. —The semi-annual iuterest dun July 1 on the coasolida'.ed mortgagw 4 p. c. ings of siookholders.'
''The declaration of a dividend upon the oominon stock would not
bonds was paid as ucuil yesterday at the Boston S tfe D(3>»osit operate
to put
end to the 'voting trust' as suoh under this statute.
& Trust Co in B{x«t m. R quis'tion w»3 male on the list- Tne efl^*ct of theandeclaration of a dl'ldend wonld
be, however, to take
named company for a considerable block of the priority away the right of the 'voting trust,' as repreientlng the preferred
to 'elect 8 of the 13 directors;' the rlgbt of the 'voting
bonds [it is supposed abouL $1,250,000] in conneotioa wttu 8h krehulders,
truct' to represent the preferred shareholders lu otner respects would
the disbureemsnt, the mjne/ raised on these bonds, together Btlil remain.
'
THE CHRONICLE.
104
"I am of opinion Ibat the declaration of a ranrely nominal dlrldend
to tbe oommoD fttookboldt-rs wonld not be a Bufflolent compllanoe witb
the condition In the ArtlcleB of AsBOClatlon to take away the right of
tbe preferred Bharcholders to elect 8 of tbe 13 dlreotori"; there inuot
be a Bnbatantlal dividend aotUHlly earned and declared In good faith
In the ordinary course of buslneBs."
"Aa to the dloxolutlon of the voting traet, we are dealing with an
Act of the Leglnlature, and I am of opinion that the oonrte moRt conetrne that Act literally according to, Ita terms, and that po long as
(any of) the preferred Btock remains aotaally outstanding In the
hands of owner8 who are unwilling to snrrender It, tbe courts have
no power to (llcregard the plain language of tbe Btatate or to terminate the 'voiioK trust.'"
Company's Nkkds— From tbe foregoing the oonolnslon seems IrrealBtlble that tbe "Trust" cannot be dissolved, and we so report.
Tbe Unanolal condition of the company from time to time has been
well understood, and tbe fact that It has been necessary to oie Its
snrplns earnings for the improvement of the property and tbe development of Its Interests has been well known aud approved. The
last Important work undertaken, commenced about two years ago,
and now nnder way, waBth'i constractlon of a second track from Oadosla, tbejunotlon with tbe Soranton line, to Cornwall, tbe junction
with tbe West Bhore road, where we have large ooaldellvery docks
on the Hudson River. Tbe traffic of the line, both passenger and
freight, bad grown to snob proportions that it could no longer be
handled safely and economically on a single track nnder the conditions of grade and frequency of meeting and passing points for
second track would
trains that exist between the places named.
not of Itself increase tratfio, bat should tend to reduce tbe cost of
operation.
The Improvement will ooTer about 107 miles, of which about 39
miles have been completed, 15 more will be in use by Jaly 1st, and
about 29 now nnder contract will be finished by the end of the year,
all that could be done In that time without too great interference with
the operation of the road. This work will absorb all the surplus earnings of the current year, and over and above its cost tbe company
has no earnings applicable to dividends. We report, therefore, that
so dividend can be paid upon the common stock at this time.
But while tbe building of the second track mast be continued, we
recommend that, at the proper time, some plan be submitted to the
Btockbolders for creating new resouroes supplemental to those we
now have with which to provide for the further cost of that work,
»nd other expenditures that may properly be charged to capital. Any
such plan should be comprehensive enough not only to meet ordinary
traffic and improvement requirements for a oonelderable period of
years, but to enable tbe company to avail itself of any opportunity
that may offer to extend its operationa. If the stockholders shall approve Buoh a plan, when submitted to them, the division of any surplus earnings will become a proper question for dispositon.
A
James B. Clews, Chairman of the stookholders' committee
presentiDg the petition for the dissolution of the voting trust,
says: "The stocbhoiders have no desire to enter into a controversy of any kind, but the action of the directors leaves
no alternative but to test the matter in the courts; and the
committee's counsel, Messrs. Butler, Notman, Joline & Mynderse, will now proceed with the case."— V. 78, p. 2385, 2012.
Northern Texas Traction Co.—Syndicate Not Extended.—
The effort to obtain an extension of the pooling agreement
failed to receive general approval and the holders of syndicate receipts were therefore to receive yesterday the bonds to
which they are entitled.—V. 78, p. 2335, 1110.
Fike'8 Peak Tnnnel MiniDg Ry.— Judgment.— On Tuesday
a confessed judgment for $68,183 was filed by George Henry
Proctor in favor of William T. Laing, for the amount now
due on a judgment obtained in England in February, 1898,
against Mr. Proctor and the Pike's Peak Tunnel Mining
Railway, for John R Pitting for commissions and money
loaned to the company. The judgment was subsequently
assigned to Mr. Laing.
Qaebec Sonlhern B,j.— Proposals for Purchase.— The Exchequer of Court at Montreal on June 27 announced that
tenders for the Qaebeo Southern and the South Shore Ky.,
as one block, or for any two of three specified parcels, will be
received by the Register of the Court at Ottawa on or before Aug. 3.— V. 78, p. 1276.
St. LoQl8 BrownsTille & Ulexico.— Opening of New Line.
Notice is given that on July 3 this company's main line,
141 miles in length, will be formally opened for traffic from
Brownsville, Tex., on the Rio Grande Del Norte (which
forms the boundary between Texas and Mexico) northerly
Aransas Pass Ry. The
to Sinton on the San Antonio
last-named company has abandoned its plan for an independent line to Brownsville. The St. L. B. & M. is reported
to have obtained trackage rights into Corpus Christi, Tex.,
over the National RR. of Mexico.
Terminals.— B. F. Yoakum and associates of the St. Louis
syndicate, which financed the construction of^the road, is said
to have purchased one-half of the capital stock, of the
Brownsville Land
Town Co., owning 2,600 acres of land at
Brownsville, Texas.
Tbe railroad company, it is stated,
agrees to build machine shops, warehouses, depot and other
railway facilities to cover 80 acres of the land. Col. Uriah
Lott is" President of the railroad company, Corpus Christi,
—
&
&
[Vol. LTxii.
tion, so far as it relates to the notes, should iDe dissolved, is,
as I understand the matter, practically conceded sicce the
argument, as the trust atcreement by which they are secured
does not refer to thb traffic agreement."
—
Notes. The 5 p. c. gold notes issued undT the aforesaid
plan were recently dealt in at 96 and interest. Tbe total
amount of these notes is |5, 000, 000, and they are secured by
deposit of $12,500,000 stock of the St. Louis Memnhis & Southeastern and $8,000,000 stock of the St. Louis *& Gulf Ry.
They are dated June 1, 1904, and are due Dae. 1, 1906, but
are enbject to call at company's option at par and interest;
denomination, $1,000; interest payable Dae. 1 and June 1 at
office of trustee.
&
Southeastern RailSt. Louis Memphis
Co. has filed its new mortgage to the New York Security
& Trust Co. of New York, and John I. Filley of St. Louis, as
trustees, to secure the above-mentioned $16,000,000 of 4}^ p. c.
gold bonds, dated June 1, 1904, and due June 1, 1909, but subject to call at par at company's option.— V. 78, p. 2385, 2885.
Mortgage.— The
way
Seaboard Air Line Rj.—Plan in Abeyance.— 1\. was reported late last week that certain interests in tbe company
were advocating a plan for permanently providing for the
capital requirements of the system through the organization
of a holding company. This company, it was said, would
be known as the Seaboard Railways Co., and be authorized
to issue $10,000,000 of debentures, $21,60D,C00 of 5 p. c. preferred stock and $26,400,000 of common stock, present stockholders of the Seaboard to receive sixty shares of stock in
the holding company for every 100 shares held in the existing company. Regarding the plan, the "New York San**
quotes Blair & Co. as saying:
"A plan for a holding company for the Seaboard has be«n under
discussion for some time somewhat along the lines of the reported
plan. The matter was only In tentative Buape, however, no oonola•ions havlBg been reached, and it 1« now entirely in abeyance. What
will eventually be done cannot be f orcasted at this time."
Compare statement of Chairman John Skelton WilliamB
in V. 78, p. 26C0, 1499.
Southern Electric Secnrities Co.— Acquisitions.— Th\B
in New Jersey in July, 1903, with
$1,000,000 capital stock, all common, par of shares $100, and
made a mortgage to the .Knickerbocker Trust Co. of this city,
company was incorporated
as trustee, to secure not exceeding $1,600,000 of 6 p. o. gold
bonds. These bonds are dated May 23, 1904, and are due
Apr. 1, 1934, but are subject to call for payment on any
interest day at 105 and interest; denomination $1,000; interest
payable Apr. 1 and Oct. 1 at office of trustee. There are outstanding under this mortgage $650,000 bonds secured by the
deposit of the following collateral, the remainder of the issue
being reserved to take up stocks and bonds not yet acquired:
,— 1«< Mort. Bondt—.
Capital Slock
Itsutd.
Pledged.
Issued.
Pledged.
yame of company.
Beaumont (Tex.) Tract. Co.... $600,000 $i80,000 $500,000 940,000
—
<
.
Southern Light <b Tract. Co.,
Natchez, Miss
458,700
340,000
340,000 266,000
Jennings (La) El. L. <& P. Co..
15,000
15,090
60,000
30,000
Vioksburg Ky. & Lt. Co
600,000
875,000
305,000
32,000
The Miseouri Trust Co., St. Louis, is trustee for the Beaumont Traotion Co.'s bonds, and the Inter State Trust & Banking Co. of New
Orleans for all the other issues. The stocks pledged are all in shares
of 9100 each, except the Jennings Co., which are $50.
Those interested in the Securities Company include, it is
stated, the following :
George J. Kobusch of St. Louis; 8.S. Bullis of Natchez and Vioksburg,
Miss.; Harry K. Johnson of Beaumont, Texas; W. B. Rogers; Sol Wexler of Julius Weis & Co.; and Jonas Levy of New Orleans Charles E.
Levy of New York, and a number of others looated in Indianapolla,
;
Ind.
President, Samuel B. Lawrence, No. 14 Union Square, New
York; Secretary and Treasurer, A. H. Jones, No. 6 Nassau St.
Southern Light & Traction Co., Natchez, Miss.— Control.
—See Southern Electric Securities Co, above.— V. 76, p. 1086.
Sonlhern Pacific Co.— Right to Subscribe.—The company
has issued a circular announcing that by resolution of the
directors stockholders of record on July 28, 1904, instead of
July 14, 1904, will be entitled to subscribe to the proposed
issue of $40,000,000 preferred stock, of the total of $ 100,000,000,
on terms announced last week. (See Chronicle, p.200O.)
Further Facts. Referring, apparently, to the newspaper
story that the Southern Pacific contemplated the purchase
Santa Fe Ry., Presi*
of an interest in the Atchison Topeka
dent Harriman of the Southern Pacific Co. on Tuesday made
—
&
the following statement:
There is no foundation for the current reports respecting the purpose of the additional $60,000,000 issue of preferred stock.
The main
Texas.—V. 78, p. 704, 58.
purpose has been to provide the company with a strong capital reserve and assure thereby the refunding, upon favorable terms, of Its
St. Louis & Sin Franelsoo B,R.— Injunction Dissolved.- bonds, of which a considerable amount matures during tbe next three
Supreme Court Justice Giegerich in this city on June 27 de- years. The issue of preferred stock enhances the credit of the comclined to continue the ex parte injunction obtained by Gustav pany and safeguards tbe interest of tbe stookholders In all contingencies, besides permitting the continued Improvement and betterment
E. Kissel and Susan Raumer, as holders of trust certificates of the properties and development of the territory tributary to the
received in exchange for stock of the Chicago & Eastern lines without incurring the risk of floating debt or drawing too
Illinois, restraining the issue of |5, 000,000 'Frisco notes and heavily upon earnings, as has heretofore been neoeasary.
|16,000,COO St. Louis Memphis & Southeastern bonds per
New Officers.— M&Twin Hughitt, President of the Chicago &
plan in V. 78, p. 1908, the latter securities having a traffic North Western and a director of the U nion Pacific, has been
guaranty from the Eastern Illinois and the St. Louis & San elected a director of the Southern Pacific, to succeed Edwin
Francisco. Justice Giegerich points out that as some $15,- Hawley. W. D. Cornish, Vice- President of the Union Pacific,
OOOjCOO of the bonds have already been certified, and half of was elected Vice-President of the Southern Pacific, to sucthem delivered, the injunction against the issue could hardly ceed H. E. Huntington, a nephew of the late Collis P. Huntbe continued. The other part of the order, restraining the ington, who organized the Southern Pacific. General ManChicago & Eastern Illinois from paying out money on ac- ager C. H. Markham has been given th e office and title of Vicecount of their interest is also disallowed, in view of the fact President, this being in line with the policy to make all
that 6uoh money will not be paid out until after the present General Managers of the Harriman lines Vice-Presidents of
action can be tried in its regular order. "That the injunc- their respective companies.— V. 78, p. 2800, 2443.
J
July
2,
:
THE CHRONICLE.
1904.
105
Trinity & Braz»8 Talley Rj.— Mortgage.— The sharehold- Co, was discharged and the company's property was turned
on Jane 22 authorized the making of a first mortgage on over to the Beaumont Water Supply Co, The latter was
the line in operation from Cleburne to Mexia, Tex., a dis- recently organized with $500,000 of authorized capital stock,
tance of about 78 miles. The mortgage, it is stated, will se- Colonel I. D. Polk being President. The consideration for
cure 30-year 5 p. c. bonds issuable at not exceeding $20,000 the property, franchises, etc., is stated as $100,090 cash and
per mile. There is talk of extending the line to Beaumont, $400,000 in stock. The new company has floated $500,000
5 p, c. gold bonds through W. C, Teter, 10 Wall St,, New
as originally projected.— V. 78, p. 769.
Onion Traction Co. of Indiana.— Proposed Change in York. Of the proceeds, $150,000 will be used for completLcaae.-The directors at a meeting in Anderson, Ind., on June ing the plant, new machinery, etc.
Bonds dated May 31, 1904, due May 31, 1944, without option of
18, approved a proposition to amend the existing leases so
earlier redemption; trustee, Bankers' Trust Co., New York, which
that rentals will hereafter be based upon the gross receipts will pay Interest semi-annually Aug. 1 and Feb. 1; Issue limited to
of the Indiana Union Traction Co. from all sources rather i8SOO,000, all outstanding, both principal and interest payable In gold;
than a fixed sliding scale as at present. The action of the sinking fund, $5,000 per annum. Capital stock authorized, $500,000,
common; outstanding, $150,000; par of shares, $100. Properties
directors on this question will be submitted for approval by all
consolidated, Beaumont Water Co., water plant of the Beaumont Ice,
the stockholders at a meeting called for that purpose July 12. Light & RefrlgeratlDg Co. and water plant belonging to the city of
,
ers
—V.
Beaumont.
President,
Williams.
78, p. 769.
I.
D. Folk; Secretary, J. V. Polk; Treasurer,
A. L.
United Railways & Electric Co. of Baltimore.— S^a^us.—
Big Stone Gap Iron Qo.— Bankruptcy of Prgaidenf.- EdHambleton & Co,, Baltimore say:
Harper of 71 Broadway, New York City, President
Tbe company le supposed to have » floating debt of about 93,000,000, ward L.
bat tills debt Is oomparatlvely a small one. and besides It la pretty of this company, recently filed in the United States District
mnoh all secared by flrst-olass ooUaterals. We estimate that $300,000 Court at Abingdon, Va., a petition in bankruptcy, stating
per annum could be spent to great advantage on the property for the his liabilities at $833,404 and his assets at $50. The company
next ten years— at least this amount ehould be provided and held in
reserve to be used If found desirable. We are confident that a com- has been operating a large iron furnace at Big Stone Gap,
prehensive plan to finance theoompanycan be formulated and carried to Wise Co., Va. also an iron mine, stone quarries, etc.
a saooessfnl Issue, and that such a plan would enable the company to
Chartiers Yalley (Pa.) Water Qo.— Meeting Again Adplace the property In such a condition physically and financially as
would remove all question of its ability to earn dividends on the $14,- journed.— A meeting of the shareholders, called to consider
000,000 Income bonds, and in a few years would pay dividends on the leasing the property to the South Pittsburgh Water Co. (to
common stock. The coa(ipany is one of the most promising proposithe American Water Works Guaranty Co.),
tions we know of. Its earnings can be counted on to increase any- be controlled by
was adjourned on June 24 for one month, There is said to
where from $300,000 to $500,000 per annum.— V. 78, p. 2336, 1383.
Vicksbnrg (Miss.) Railway & Light Co.— ConfroZ.— See be no hitch In the plan, but the legal steps require more
time.— V. 78, p. 2014, 1909.
Southern Electric Securities Co. above.
Columbus (Ga.) Water- Works 0,0.— Injunction Dissolved,
Westchester Kennett & Wilmington Electric Ry.— BeJudge Newman at Atlanta on June 25 dissolved the temceivership.—Jndge Edward G. Bradford, in the United States
District Court at Wilmington, D:il., on June 2i, it is re- porary Injunction restraining the city of Columbus from
ported, appointed Thomas F. Bayard receiver on the appli- erecting a municipal water plant. The case has now to be
cation of Sterling & Co., made in behalf of themselves and tried on its merits, and the city may in the end be enjoined
other creditors. The plaintiffs aver that the company has from using any water-works It may build pending the litigaconsiderable floating debt and has defaulted in the payment tion. It is claimed on the part of the city that the water
of interest coupons on its $600,000 outstanding first mort- furnished by the company is unfit to drink.—V. 77, p. 353.
gage 5 p. 0. bonds from April 1, 1903, to April 1, 1904, both
Consolidated Gas Co., New York.— Proposed Tunnel.—Thia
inclusive.
company's subsidiary, the East River Gas Co., which alWest End Street Ry., Boston.— Bonds O^ered.—BIodget, ready has a tunnel for the transmission of gas from Long
Merritt & Co. are offering the $200,000 4 p, c. bonds recently Island to the foot of East 71st Street, has Instituted condemnation proceedings for the purpose of acquiring title to the
purchased by them at 105%.—V. 78, p. 2601, 1825.
land under water and also on Ward's Island necessary for
the construction of a new tunnel to run from Lawrence
Point, Astoria, to 110th St,, Manhattan. At a hearing before
INDUSTRIAL. QAS AND MISCELLANEOUS.
Justice McCall of the Supreme Court in this city on Wednesday, William H. Bradley, Chief Engineer of the Consolidated
Alabama Consolidated Coal & Iron Co.— New Bonds- Gas Co. and Consulting Engineer of the East River Gas Co.,
Bight of Exchange. At a stockholders' meeting held Jan. 27, It Is reported, said
1S03, the directors were authorized to issue $3,500,000 5 p. c.
"The condemnation of two gas plants on the West Side has made
30-year gold bonds,
—
—
:
as follows
:
:
;
before Oct, 31, 1904, 25 p. c. on or before Jan. 31, 1905, 25 p. o.
The preferred stock will be exchangeable for bonds after the
first instalment has been paid.
Chas. T. Westcott is Treasurer, 819 North Charles Street, Baltimore.—V. 78, p. 236, 50.
;
American Car Ik Foundry Co.— C7iassi^co«on Plan Withdrawn.— A.t the special meeting of the stockholders on June
28 the resolution to classify the board of directors was withdrawn. W. J. Dixie, Chairman of the board, stated that he
held proxies for over two- thirds of both classes of stock, but
as it was desired to have the action practically unanimous,
and there was considerable opposition, he moved the adjournment of the meeting without day.
No Dividend on (Jommon Stock.— Ovimg to the temporary
falling off in orders, due to railroad economies, the directors
on Thursday, while declaring the regular dividend on the
preferred shares, decided to omit the quarterly payment on
the common stock.
jReporf— See page 101, under "Annual Reports."-V. 78,
ISOO, 1391.
Delaware Investment Co.— See Delaware Securities Co«
Delaware Securities Co.— Called Bonds.— Tiila company,
organized by the du Pont Interests In connection with their
purchase of powder manufacturing comoanles, has called for
American Hide & Leather Co.— iVew DtVccfor.- Frederick
Vogel Jr., President of the Pfister Vogel Leather Co., Milwaukee, has been elected a director, but the assumption that
his important company has been or is about to he acquired
by the Hide & Leather Company is denied. Mr. Vogel succeeds W. N. Eisendrath.- V. 77, p. 771.
Baldwin Locomotive Works.- JSedwcMon Only Moderate,
—The " Philadelphia News Bureau " says
redemption
Officials say that no large Immediate reductions In forces are contemplated, as recently reported. Small numbers are being dropped,
but the big reductions are over. The number of employees now totals
•bout 10,000, having been reduced from 15,uO0 on Jan. 1, which was
the largest force ever employed.— V. 78, p. 344.
Beaumont (Tex.) Water Supply
3
0,0.—New
Bonds.— Oa
M. K. Fletcher, the receiver of the Beaumont Water
Consumers' Gas Trust Co., Indianapolis.— Sfafus of Litigation.—ilT. Ferdinand Winter of Indianapolis, counsel for
Byron C. Qainby, a stockholder, In his suit against the company, has favored us with the following:
The decision rendered by judges Baker and Anderson on June 2
in the case of Qulnby against the company was rendered upon final
hearing, the case having been submitted for decree upon the bill and
answer. The opinions were oral, but were on the merits of the case.
A fioal decree was rendered declaring that Qulnby and other holders
of tlnal certifloates issued to repref ent payments of subscriptions to
the capital stock of the company were stockholders in the company
and entitled as such to all of the rights of stockholders except simply
that the power of voting their stock for the election of directors was
to be exercised by the board of trustees created for that purpose in
the articles of association; that the entire beneficial interest in all the
assets of the C3rporation remaining after the payment of debts was in
the stockholders; that the company had no power to engage in the
manufacture and sale of artificial gas; that It was exclusively a
natural gas company, and as natural gas had become exhausted, it
was no longer practicable to continue the operations of the company
and that Its operations should be discontinued and Us business wound
up, and its assets remaining after the payment of debts and expenses
of winding up should be distributed pro rata to the holders of final
certificates. A perpetual injunction was granted. There has been an
appeal taken to the Circuit Court of Appeals, which will delay, probably, the sale of the company's plant until the appeal Is disposed
of, which win probably be next fall or early in the winter.— V. 78, p.
p. 2336, 1393.
June
necessary to establish plants elsewhere. Those plants are at Idth
St. and 42d St. Title to the 18th St. plant has already been vested in
the city. It has been the determination of the company for over ten
years to remove its manufacturing plant to Astoria, and the work of
construction is now In progress. We intend that all gas for the supply
of Manhattan Island shall come from Astoria. The new works will
have a capacity for the manufacture of 140,000,000 cubic feet daily.
The consumption at present in Manhattan is from 80,000,000 to
90,000,000 cubic feet a day. The consumption of gas is steadily increasing, and it is therefore necessary that a second tunnel should be
built. It cannot be completed for two or three years.
In case of accident to the existing tunnel, there would bow be no way of sending gaa
from Astoria to Manhattan."— Y. 78, p. 2336, 2014.
it
To exchange for a like amount of preferred stock
$2,500,000
To be reserved for payment of underlying bonds
490,000
To be sold for treasury purposes
610,000
The board now offers for exchange and purchase to the
preferred stockholders of record of July 9, 1904, $1,500,000 of
these bonds. Warrants in negotiable form will be mailed to
each holder of preferred stock, "giving the privilege of exchanging for bonds at par an amount of preferred stock
equal to 50 per cent of his holdings, not counting fractions,"
on condition that he "subscribe at 90 and interest for an
amount of bonds equal to 20 p. c. of the amount exchanged."
Adjustment of interest on ;aU payments is to be made on
the bajBis of 5 p, c. p. annum. Payments for the bonds to be
made as follows On or before July 80, 1904. 50 p. c, on or
'
on July 1, 1904, 124 of Its 5 p. c. collateral
trust ^old bonds, payment to be made at the Metropolitan
Trust Co., New York. The numbers range from No. 38 to
2614.
The Delaware Investment Co., which, like the Delaware
Securities Co., has for its Treasurer Pierre S, du Pont, also
called for redemption on July 1 at said trust company 76
of Its 6 p. 0. collateral trust gold bonds secured by indenture of Ojt, 1, 1902, to the Atlantic Trust Co. (now
Metropolitan Trust Co.) as trustee. The bonds called range
from No. 83 to 1446, -V. 78, p. 1285, 1167.
THE CHRONICLE.
lOG
—
Dominion Coal Co. — Circular. The aharf hr Idera bave received an fflclal oiruolar saying in Bubstanoe
The net earnlnK* for the alx monthi eadlsff Jane 30, 1901, ae
»eta»lly »80#rtalDPd for th» Urat five niOBtht, auA «Htlmatcrl for Jano,
have been dliappolntloir. A heavy (iorreaae In earalBRS oocarred (l«riBK the operation of thfi first foar inontli*. and wan kttrlbitable to bad
weather condlilons, which aarlonsly Interr^red with the operation of
These bad phyplthe mine* and with the tranaportatlon of oar ooal
:
(
.
cal conditions, together with higher operatlntr expenB<*8, largely Increai«d Ihe ooit of mlulnif. The earalnss for Mav and the eA<imated
eamlDgn for Jane are patlBfaotory, and equal to tboae of last year, bat
even with tbene r«»ult8 the net earning! for the bI.k months ending
Jane 30. afrer provldlntf for the fixed obarges, preferred utock dividend. Rererai Interest and ilnklnK fnnd, are not Bsttiotent to warrant
any dividend betnt; declared at tbl< time on the oommon stook.
Your dlreetors, for the above reason, and taking into uoneideratlon
the fl •atlDff dt bt conolnde that the most prndent conrse Is to def^r
action on tue dividend on common stook until after the close o' the
present year, when theffall aooonnt* for that period will be presented.
The property It la first-olass rondltion. Its ontput at present U the
it* history, and It posaesses a large and Increaaltig earning
largest
power. Yonr directors have every confidence In the future.— V. 78,
p. 2001.
!
Da Pont
(E. I.) de
Securltit's Ck).
above
Nemonrs Powder Co.— See Delaware
—V.
^8, p. 1235, 1112.
—
Eastern Steel Co.— Subtcription, At auction last week
Adrian H, Mnller * Son sold trie following for J305:
Subscription for 100 ihares of $100 Aach ef the first preferred capiEastern Ste«l Co., npou which the Hret payment of
15 p. c. has been made. The purchaser, upon making a paymeot et
99,000 to th<i MortoB Trast Go., will be eotftled to a certifloate of 100
shares of th« said first preferred stock and 95 shares of the common
stock of the said tbn Eastern Steal Oo.. the purobaeer assuming payment of said $8,000 to the said Morton Trust Co.— V. 78, p. 2444, 2014.
tal stosk of the
Electric Co. tf Xmerle*.— Acquisition.— This company
has puTchaeed the Mancie (Indiana) Electrio Light Co
which began basiness In 1897. The Mancie Company has no
competitor, and its capitalization wap, stock paid in $96,000,
on which dividends at the rate of 12 p. c. were paid, and
6 p. c. bonds $60,000.— V. 78, p. 1547.
Fore Birer Ship & Enierlne Co.— Beorsanigation Plan,
Under da'e of Jane 20, Kidier, Pt»aDody & Co., Boston, are
Bending out circulars proposing a reorganization as follows:
A new compacy is to be incorporated under the laws of
MaesachuBt tts or some other State to acquire the property
and busineea, free from bonded indebtedness, but suoject to
,
—
all
other existing debts.
The new company
will issue
:
Six ptr cent non-cumnlative preferred itoek with preference also as to principal in case of llcialdation and
same voting powers as common stock, par 01 shares,
$100
Of which
$3,400,000
as part censlderatlon for present Ist mort-
1,850,000
part consideration for exlstlig pref. stook paying
assessment
As part consideration
645,166
for existing
common
stock pay-
ing assessment
195,000
Underwrltlag and other expenses, along with aay cash
stook not rrqnlred under terms of plan... anyremaln'r
par of shares $100
$2,400,000
Of which as part consideration for existing bonds paying assessment
1,000,000
For existing preferred stook paying assessment
967,760
For exietlDg common stock paying assessment
195,000
Underwriting and other expenses
anyremaln'r
Provision will be made by which no mortgage can be placed apon
the property except with the consent of 75 p. 0. of the preferrtd stock.
The terms of exchange are as follows :
or common
Common stock,
Pay
Holders, of 93, 000 principal.
iBtmorl bonds ($1,250,000)—
Cash.
— Avd
fnnded and floating debt will be rrmo ved, and the oompaay*s credit
wl 1 be of the very best. It Is believed that the recent changes In
admlDlstratloii will bring t* an rnd tbe late Uoavy loA«es, that the
vaiuabl* coatraots which are now in hand may be brought to a profitable oonoluBlon. und that oonflienee la the future saeosea of tb'< company in the bulldlDK of Bliips and englnee and maaufaetare of
xlugs
will be amply jasdlled. The accompanjing plan wan UDanimoualy
approved by thfi board of dlreoiors at a meeting hald June 90. 1904,
and if has, naoreover. received the saaotioa and approval of Mr. Thos.
A. Watson, the largest stockholder.- V. 78, p. 2J3d, 1394.
!
—
Galoesville (Tex.) Water Co.— Siaiwa
The bid of about
par for this company's &rst mortgage bjuds was made under
the mitapprebension that they were issued by the city of
Qalneeville.
We have been favored with the following from
an authoritative source:
The company has oaUtandlng $194,000 bonds of $1,000 each, viz.
(l)tl00,oo<» tlr«t mortg Ke bonds on whleh coupons of ^ p. c. per
annum ar« paid January and July 15 at Mercantile Trust <fb Deposit
Oo. of Balilmore, mortgage tinstee; (J) $35,0<>0 second mortgage preferred bonds, paying 4 p.
yearly on the same dates, and (3) $69,000 are seeond mortgage ordinary bond.4 which paid 1 p. c. last year,
and which from Jan. 15, 1004, to Jan. 15, 1905, fay 2 p. c; then to
Jan. 15. 1913, S p. c, and then to 1935 4 per oaat. These last are in
effect third mort«race bonds. The stock of the company is nearly all
held by it* Prenldent Joseph Nalle, a prominent merchaat of Austin,
Texas. The compaay's gross reeelpts are about $^2.0oO a year, and
:
Mr Nalle. we are Informed thinks that it can perform all its present
obltcatlons, but there is Bo market for the bonds. At the same time
those who have invested their money In them do not ca e to sell at a
low price, beoanse the first mortgage bonds were all taken at par or
better, and the second mortgage bonds were placed at 92 1^. See Y.
78, p. 1909.
Gottlieb- Baaern8chnii<1t-Strao89
Brewiogr
Co.,
more.— iVeio PteKident.-OcQOTgQ H. Stiokney has been
President.
Baltielected
V. 78, p. 1785.
floastOD (Tex.) Oil Co.— Appeal WitMrawn.—Ofeor^o W.
Young, as representative of the Tlmoer Certificates, it is
stated, has withdrawn his application for appeal from the
ruling of the Court allowing the receivers to issue receivers'
certificates in order to pay interest coupons on the Timber
Certificates.
Relat'.on with
—
Kirby Lumber Co. See that company on
"Annual Reports."- V. 78. p.260l, 2445.
Ideal Cash Kfgister Co., East Bound Brook:, N. J.—
Status.— This oimpany, incorporated in New J-raey in
p.
103 under
August, 1899, with $200,000 of authorized capital stook,
fsubseqoently increased to |1. 000,000], was in April last plaoed
in the hands of Armstrong Mul'ford of Plainfi»»ld, N. J as
receiver, by Vlce-Chancpllor Bergen, on application of Dr.
Ray V. Pierce, of Buffalo, the owner of |788 5C0 stock.
E*ierce claims that $156,532 is owing to him and over |200,000
to the World's Medicine Dispensary of Buffalo. The com,
gage bonds
As
(Vol. i/KXix,
teill
Nevi com.
receive
—
New pref.
If paying cash
$2,400
$1,200
$3,000
If uot paying cash
750
750
Preferred stock ($ 1, 935.ft00)
i.OOO
1,500
1,000
Common stock (9 ,93iS,000)
200
300
200
The cash earns are pa; able fcO p. c. within one week after written
notice that the plan has become operative, 25 p. 0. one week after
written notice, bat not earlier than Aug. 9, 1904; remainder not
earlier than 8ept. 9. 1904.
pany's works were closed indefinitely last July.
Illinois Brick Co., Chicago. Remmption of Dividends.
On June 27 a dividend of 2 p. c. was declared i.n thf |4,500,(!00 6 p. c. cumulative preferred stock, payable July 15 to
holders of record July 5. The last distribution was 3 p. c. on
Previous payments were: April, ISiOl (for
Jan 15, 1903.
1900), 41^ p. c; November and December, 1901, 6 p. c. in all;
Nov. 16, 1902, 3 p. c. The company was organized in March,
1900.
Compare V. 77, p. 2101; V. 78, p. 50, 1221.— V. 78, p.
—
1236, 1221.
International Heater Co., Utiea, N. Y .—Reduction of
Sfocfc.— This company, which in March, 19)4, reduced its
capital stock from $6iK),000 of common stock and $900,000 of
preferred stock to $551,900, all preferred stook, and last
winter incre8S**d the eame to $1,008,200 by the isaue of $456,800 of 6 p. c. cumulative first preferred stock, has called a
meeting of th» sbareholdera for July 14 to reduce its share
capital to $781,300, viz. : $375,000 preferred stock and ^58,800 first pref stock, by "canceling 19 shares of said preferred stock owned by and in the treasury of th-i company, and
retiring and canceling 50 p. o of the remaining 6,50) shares of
said preferred stock issued and outstanding."— V. 78, p. 108.
The plan has been underwritten by a syndicate formed
by Kidder, Peabody & Co., of which directors, officer?, bond
Isnbel ( oal & Coke Co., Clmrleston, W. Ya.—Furthir
holders and stoobhobiers of the present company may becompany in 1903 Increased its capital stook to
come mtmbers. Holders of the bonds and stock desiring to Fac<».— This of
shares $100) and took over the oropertiee of the
$.WO,OnO (par
participate in the plan should deposit thtir holdings with tbe
following companies, viz.: Elmo Coke & Ccal Co., Big Bend
firm on or before the close of business to-day. If a reorganiCoal Co, and Sunnyslde Coal & Coke Co. The property conzation shall not have been declared effective before April a9,
sists of 2,970 acres in fee and 500 acres nnder lease, with
1905, the deposited securities will be returned to their owners,
improvements thereon. The company's mortgage is made to
without the latter being subject to any liability.
the Kanawha Banking & Trust Co, of Charleston, W. Va.,
A circular signed for the directors by President Francis as
trustee, and 8etur<^8 $235,000 of 6 p. c. gold bonds, repreT. Bowles and Secretary James A. Parker says in substance:
senting, it is said, not more than 75 p. c. of actual value.
Owing to severe losses daring the past nine months on oootracts
due April
1934, but
undertaken by the pr»vl(U8 management, the quick capital became
entirely loadequate, and the board was compelled to borrow on de
mand notes the sum of $800,000 to meet the dally outlays, to carry
the work In prcoess and the amount earned on various uovernment
contracts but withheld uuttl th« Onal completion of the vessels Not
only must these demand notes be paid, but additional quick capltiil
most be ralfed. Dnrlng the la«t Hfteea tnonths It has been neoe-'sary
to make large exprnditures lor tquipment, msohlnery, etc and to
build the railroad connections, which were Imperatively neoe8«ary.
It was thought that ample money for this purpose had been provi/led
by the bond lesne, but the total sam ol the expenditures has overran
,
1,
The bonds are dated April 1, 1804, and are
are eulj'-ct to call on any Interest day; denomination $l,O0O; interest
payable October 1 and April 1 at Charleston, W. Va sinking fund
A cents per ton of coal luloed; no underlying bonds outstrtndlng.
President. Thos C. Beury ; Secretary, Q. T. Thayer; Treasurer, Ernest
Echols —V. 78, p. 2445.
;
P.
Ralamazoo Yalley (Mich.) Electric Co -Bonds Offered.—
H. Mills * Co., Boston, offer at par and interest the en-
martgage 6 p. 0. " trans miflsion line
bonds," American Trust & Savings Bank, trustee, Chicago,
the original estimates.
19(i3, due |5,o00 April 1, 190*5, and $5,000 each
The woiks, with the additions to existing facilities which will be dated Oct. 1,
provided by th«- money raised by the present plan, will fulfill eoonom- Oct. 1 and April 1 thereafter until Oct. 1, 1914. Tht> entire
icaltylht-tr present contracts, and take fall advantage of thf Ir bnsi
iesue is redeemable at any interest day, April and October,
ne»8, which now amounts to about $4,000,000 a year. It may be con- on or after April 1, 1906, at par aud interest.
President W.
fidently Bald that only one or two other yards In the conntry will be
A. Foote, of Jackson, Micb., says:
BO well equlpied for the hluheet class of uhlpbuildlng work, both
naval ana c>'ir> mer el al. During the last seven months the company's
These bonds are secured by a first mortgage Uen upon the transexeouilve stkff has been thoroughly reorganized ui der the direoioa mission line which extends from the city of Battle Creek, Ulch.to
of Mr. Bowlen, late Chief Connmotor of th« U. 8. Navy, the new the city of Jackson. Mleh., 49 miles, and aU of the property, real and
President of the rompany, while skilled accountants have been pu^ ?iersonal, connected therewith, and are Issued in part paj ment thereting Into (fi'<40t economical methods of administration.
or. They are further secured upon the entire nroperty of the o<}mThe plan as low ofl«-rtd is based on estimatee as to the present pany subject only to a mortgage of $3^0,000 of 6 % gold bi>nd8 which
value of the plant a«a Kolng concern, with the addition cf $1,260,000 mature In 1910. and which may be redeemed at par and In t«^reBt after
new cash, of which ieOO.OOO will be used to discharge the notes above Jan. 1, 190fi. [V. 71, p. 18?.] The property upon which these issues ot
referred to.
Besides this the present heavy interest charges on bonds Is secured has cost approximately $900,000.
tire issue of $lO(>,000 first
:
July
—
:
:
:
:
THE CHRONICLE.
2, 1904.]
The bualnees of the oompany is the gflneratlng of electric current
(primarily by water power) and Its distribution; the development of
The population tributary to the
the water power began In 1893.
transiiilsBlon line approiimateB 100.000, being In the southern central
Kalamaz
In
10, Battle Creek, Marshall,
largely
portion '>f Michigan,
and
Albion, Jackson, Allegan, Otsego, Comstoctr, Galesburg
Parma. Its high tension transmission line Is over 100 miles long.
lighting
electric
plants
at
Kalaoommeroiai
the
Theoomoany owns
mazoo, Otsego and Gale«bnrg. and f ornlBhes current by contract to the
electric lighting companies at Albion. Allegan, Battle Creek and
JaoBson, and the street railway systems at Kalamazoo, Battle Creek
and Jackson, and the Internrban street railways operating between
Kftlnmazoo and Battle Creek and Battle Creek and Jackson. The total
107
Nurtolk Coal & Coke Co., Lick Branch Colliery, Angle Colliery,
Delta Colliery, Shamokin Goal & Ooke Co., Caswell Cret-k Coal & Coke
Co., Sagamore Ooal & Coke Oo. and Bolfe Goal & Goke Co.
These companies were among those operating under lease
owned by the Pocahontas Coal & Coke Co.
(V. 74, p. 1194; V. 78, p. 2096). They thus controlled, it is
said, "8,500 acres of as good C3al lands as there are to be
found in the Pocahontas district, with an annual output of
1,003,000 tons of coal. They also own and operate about
1,600 coke ovens." Nothing is said of a bond issue. Officers:
Isaac T. Mann, President; Jenkin Jones, Vice-President; James Ellamount of water power and electric generating capacity is 8,000 h. p.
There are three developed water power plants, all supxiHed with wood Jones, Qeueral Manager; J. Walter Uraybeal, Secretary and
Treasurer.
mcdern electrical apparatus, one of 3,000 h. p. owned and two aggregating 5, OOO h. p. leased, all located on the Kalamaz >o River. The
The company has its principal office at Bramwell, W. Va.
company owns the locations of other water powers, which will be deSeamless Rolled Steel Pipe Co., Chester, Pa. —.Bonds
veloped AS the business warrants. The company also owns or controls
three stebm power plants, with the electrical apparatus, with as ag- Offered. This company, incorporated recently under the
sregAte capacity of 3,200 h. p., located at Kalamazoo, Battle Oretk laws of Delaware with $2,000,000 of capital stock "full paid
and Jackson, for emergency and reserve uro.
The net earnings for the calendar year of 1903 were $61,S99, and and non-assessable," has acquired land, buildings, etc., in
the interest on the bonded debt for the same period was $19,500. For Chester, Pa and is prepariag to establish a plant for the
1903 the gross Increased 27 per cent over 1902. Capital stock, au- manufacture of seamless rolled steel pipe under the patents
the proper! ies
—
,
thorized, $500,000; outstanding, $376,000; parof shares,
p.
f 100.— V. 77.
20a7. 1877.
Lehigh Coal & Navigation Co.— Option to be Exercised.—
The company announces that it will on Sept. 1 exercise its
option to purchase at par the entire capital stock, $1,418,600,
of the Neequehoning Valley RR. Co. Payment, will be made
in Philadelphia through Brown Brothers & Co. The mortgage of 1898 for $7,500,000 reserves 1 1,418,600 of 4 per cent
bonds to provide for this acq isition. The bankers, we learn,
have not purchased the bonds, and it is possible there may be
a basis of truth for the repotts of a proposed stock issue in
litu thereof.
As to the mortgage, compare Delaware Division Canal Co. in V. 66, p. 1139.
N( gotiat ions.— nnmher ot offers are understood to have
recently been made for the property, and President Riley is
quoted as sajing that the property, should it change hands,
will go to the highest bidder.— V. 78, p, 2888, 1785.
A
W, F. Bartlett of Philadelphia and E. C. Kent of the
Philadelphia Roll & Machine Works.
mortgage to the
Rea'. Estate Trust Co. of Philadelphia, as trustee, secures
not exceeding $800,000 of 5 per cent first mortgage sinking
fund gold bonds, $500,0)0 of which are offared at par with a
bonus of 25 p. c. in stock. The bonds mature July 1, 1934,
and bear interest from July 1, 1904, payable Jan. 1 and July
Tue company will produce
1; denominations, $500 and |100.
eej^mleas pipe, in 18-foot lengths, diameter 12 30 inches, and
of any thickness of walla from J^ inch to 13^ iachee, to stand
any amount of pressure from compressed air, steam, water,
ammonia, oil or gas. The mortgage provides that "annually
on or before July 1, 19D5, under the provisions of the sinking
fund, the trustee shall be paid in each and every year thereafter until the bonds issued thereunder and secured thereby
are all fully paid, principal and interest, at the rate of oneihirtieth of the aggregate amount of bonds," Directors (and
of
A
Angeles (CaI.)Ga8 k Electric Co.— Bonds Authorized. officers)
shareholders on June 15 duly authorized the proposed
E. C. Kent, Philadelphia, President; Wm. H. Oreen Jr., Pre«ldent
Vulcan Works. Chester, General Manager; John Roberts, Pblla'ielmortgage to secare |4,000,000 bonds.— V. 78, p. 1985.
phla, Trea'^nrer; Edw J. Altemua, Philadelphia, SPcretary; Hon. Wm.
Mansfield GlasBnorks, Lockpart, N. Y. Bonds Offer e *.— C Sproul, President Seaboard Steel Casting Co.. Chester, Ps.; Wm. F.
This company, incorporated in April last with $280,000 of Bartlett and J. K Shoemaker, Philadelphia; Ralph O. Lupton, Wilauthorized capital stock (par of shares $110), succeeded to a mington, Del.
Philadelphia offica, Real Estate Trast Building.
business established some sixty years ago and embracing the
manufacture of varioua forma of fruit jars, particularly the
S^'lray (N. T.) Process Co.— PMrc/iasc— The company was
well_hnown Mason jar, The plant is located at Lockport, recently reported to have purchased at Dalray, near Detroit,
N. X. Dividends at the rate of 6 p. c per annum, or better, 24 acres of land, with buildings, etc., for $122,500, assuming
we understand, are beiog paid. To increase working capital, a mortgage of $40,000. The main works are at Solvay, N. Y.
the cjmpany is placing an issue of $120,000 of first mortgage (near Syracuse) with branch at Detroit. Product, soda and
6 p. c. gold bonds, dated July 1, 1904, and due July 1, 1924, by-products. Further facts
without option of earlier redemptioa denominations $1,000
The company was inoorporat«d under the laws of New York on
and $500; interest payable Jan. 1 and July 1 at ofBLce of Sept. 21. 1881, with $300,000 capital stock, since it is said inFidelity Trust Co., the mortgage trustee, in Buffalo. These creased to $5,000,000 (all common); par valae of shares, $100 At
accounts (In 1898) the dlvld«iid rate had been at least 10 p. o. for
bonds are offered at par witti a bonus of 20 p. c. in stock. alast
number of yeais; dividend period, February and August. Owns a
President, A, J. Manbfleld Secretary, E. E. Emerson. New m»j >rity of the $400,000 stock of the Semet-Solvay Co., which operates
retort coke ovens (recovering by products) at Sharon, Dunbar, Pa.,
York office, 18 Spruce Street.
Ensley. Ala., »tc., and holds under lease the United Coke & Oaa Co.
MaseachaBettg Gas Companies.— Dividends.— A director is The last named oonoern fills confraccs for the erection of byquoted as sajiog
product coke ovens throughout the United States. (Compare V. 73,
We flgare that the gas prouertles of Boston are to-day earning about p. 13«"; V. 76, p, 870. and V. 77, p .i287.) The Solvay Piooesa Co.
L<J8
—The
;
;
10 p. 0. on their capital, with the exception of the South Boston Company, which is earning about 6p. o. We hope to make&p. c. semiannual dlsbnisements on the Boston, Roxbary, Bay State, and 3 p. c.
on the South Boston stocks, and have every oonfidenoe that we will be
able to do thtp, as the Boston gas tituatloa Is a constantly Improving
one. We have materially Improved the tlnanolal position of the four
AdoJcki companies. We have charged off $200,000 of bad aoonunts
and have reduced our outstanding floating debt by $300,000 and have
now started paying dividends.— V. 78, p. 2445, 1905.
Mnlnal Electric Light Co.,
</j.orj2ed.— The shareholders on
San Franclsco.-Bonds .^uJune 21 author z id the \x<i
posed $4( 0,0U0 bonds, of which $250,000 will shortly be issued.
See V. 78, p. 1501, 1236.
National Fatkiog Co.— .4cgu!Sition,~The plant of the
Buddy Brothers Packing Co. at Armourdale, Kic, was
recently reported as purchased for a sum statf d as about
$500,000, its daily slaughtering capacity being 250 cattle, 500
hogs and 800 sheep, V. 78, p. 1655.
New York Knife Co. of Walden, New \^x\..— Reduction
of Capital afoc/c.— Thecompatiy has reduced its capital stock
from $1,000,000 to $500,000. The par value of shares is $100.
Bonds, original issue, $200,000; at present oatstandicg, $165,000.
Prtsident, James E. Fuller; office, 225 Fourth Avenue,
—
New York
City.
—
Otciola Consolidated (Copper) Mining Co.— Dividend
Th-) directors have declared a semi-annual dividend of $1 per
share (4 per cent), payable July 28 to stockholders of record
on July 7. Tills is dividend No. 54, and it makes the total
distributions to date aggregate $1,439,600. Dividends were
resumed last December, aftr^r ao intermission of two yeare.
In 1899, 1900 and UOl 24 p. c, per annum was paid. An officer
of the company says the present declaration is, if anything,
too conservative.
— V. 78, p. 50.
1*»8
6% F.-A.
^.^ \i ,Tn.^A (
^"*,,,-:/"''^'^ Subject to call at par.
Picahontas Coal & Coke Qa.— Consolidation of IndependLeasee Comfames.—See Pocahontas Consolidated Co,
below.— V. 77, p. 2096.
Pocahontas Consolidated Co.— Conso/ida^ion.— This company, which was recently organized under the laws of West
Virginia, with $5,000,000 of authorizad capital stock, onehalf of which is 6 p. c. cumulative pref and one-half oomtL o a
stock, all of which has been fcubscribed and paid in, has purchased the properties in the Pocahontas coal field formerly
.
Outstanding.
Maturity.
$;j,t<00.000
Feb. 1, 1916
$400,000 yearly Feb., 1912-1916
*" ™»
Rhode Island Hospital TruetCo., Providence, trustee.
(
Joint debent- )
Nov. 1, 1908
1897
$400,000
5% M.-N.
nres
Sab)ect to call at 105 on & months notice.
5
Ollioers: President, Frederick R Hazs^rd; Vice-Presidents, W. BCoKswell. Rowland O. UaziTd; Secretary, O. E. Francis; Treasurer,
O. V. Tracy. Financial office, Syracuse, N. Y.— V. 77, p. 284.
—
Southern States Lumber Co.— Ca//ed Bonds. Thirty-six
mortgage bonds were payablfl at the rate of $1,025 per
bond, with accrued interest, at the Knickerbocker Trust Co.,
66 Broadway, on July 1, 1904.— V. 77, p^ 2343.
Spanish- American Light & Power Co.— Consolidated
Reorganization Plan. —Toe stockholders, we learn, have approved the plan of reorganization and efforts are being mide
first
—
The company is a
corporation, with $4,000,000 of authorized capital
stock. President, Thomas J. Hay ward; Secretary and Treasurer, A. J. Voorhees, 100 Broadway, New York.
The $1,000,000 capital stock Is all outstanding; par of shares, $100.
There are ontstaadiug about $4, 50J,OuO bonds, namely about $500.000 first mortgage 8 p. c. bonds due IkOJ, interest payable Nov. 1 and
May 1; $?,500,0t'0 secon«) mortgage <> p. o. bonds, interest payable
June and December, principal due in 1950, and $1,300,000 first and
general mortgage 8 p. 0. b)n'l8 due in 1941, Interest payable in June
and December. The company's property is located at Havana and
to tecure the consent of the bondholders.
New York
Matanzas, Cuba
C. Bostillo, R.
Narganeg and E IgUsia were appointed by
the Btcckholders at their last annual meeting to arrange a
reorganization, and it is thuir tentative plan whiob has been
preseated to some of the bondholdere. V. 69, p. 1348.
—
Stilinell'Bierce
who were
m
& SmilhVaile Co.— Sro<Ms.— The
recelv-
charge of the property Irom Jan. 15 to
Mirch 15, 1904, have made their final report to the Court.
The report, it is said, shows for the period named receipts
aggrfgatlng |220,202; diaburaements, $306 943; orders booked,
1165,257; orders on hand J^n. 15, $158,631; goods shipped
Jan. 15 to March 15, |174,590; cash on hand March 15, |13,2f 9
Oil the latter date the property was turned over to the
Pollowiiig trustees: H. E. Talbott, W. S. Rowe and N. H.
erf,
ent
operated by
has bonds oniBtanding as follows
Bate.
Interest.
Bonds.
Divis.-V. 78, p, 283.
United States Cast Iron Pipe & Foundry Co.— Pro fits fur
the Tear iS()5- O.^.-The report for the late fiscal year which
THE CHRONICLE.
108
in the Chronicle Iflst week shows enrplas
earnincB available for dividends (after deducting eipenditnrfS for improvements and interest on bonds) of |1, 107, 170,
contrasting with |1, 196, 151 for the preceding year. The
regular dividend at the rate of 4 p. c. per annum on the preferred stock called for only $500,000, leaving a surplus on the
year's operations of 1607,170. Adding this surplas to the surplus at the close of the fiscal year U02-03, we have a total of
11,460,894, from which $728,724 was tracsferred to "reserve
to lEcreaee working capital." This reserve now amounts to
The property is in strong financial condition, the
$1,665,269.
bills and accounts payable having been reduced during the
year by nearly $600 0)0, v!z.. to $^60,000, and the cash in the
treasury on May 31, 1904 ($712,914), being nearly $300,000 in
excess of the amount held on the same date of the previous
waa pnbliebed
year.-V. 78, p. 2595.
United States Gas, Coal & Coke Co.— Bonds Offered
Thomas Nevins & Son of this city recently offered at par and
interest, with 50 p. c. bonus In stock, $300,000 of this company's first mortgage 6 p. c. 30year sinking fund gold bonds.
dated April 1, 1903, and due April 1, 1933, but subject to call
at 105 and Interest at company's option on any interest daj
interest payable semi-acnnally, Oat. 1 and April 1, at office
of Fidelity Trust Co., Newark, N, J, trustee, under the
The
Denominations, $250, $500 and $1,000.
mortgage.
mortgage is limited to $1,500,000 bonds, of which the directors have voted to sell $750,000, $550,000 thereof having
A circular says in part
alrej dy been placed.
The company is incorporated under the laws of New Jerspy with a
;
nhare capital of $1,^00,000, In par valne of Bhares $100 each fall paid.
There la only one class of stock. The company owns 4,000 acres of
coal located on the lUlDOle Central RR and on the Ohio RIyer, about
200 a lies north of Its Junction with the Mississippi River, In Union
and Crittenden counties, Ky. These mines are ihorouthly developed
and fully equipped, the present output being some 1 80,000 tons per
annum. The company owes Irs railway (6 miles standard eauge),
locomotives and oars, together with sufflolent barges and steamers
for transporting all the coal to market by water. It also owns and
operates wholesale and retail distributing stations at Paducah, Ky.,
and Memphis, Tenn., equipped with all accessories for the handling
and storage of coal and sale of the entire output of the mines. It is
proposed to establish at once a similar yard at New Orleans. The
earnings are at the rate of $100,000 per annum; deduct 6 p. con
$7&0,000 bonds ($45,000) and sinking fund 5o per ton ($9,000), surplus applicable for dividends $46,000. The company Is now arqulrfng additional coal lands and opening of new mines which should,
within one year increase the output to not less than 450.000 tons per
annum. Thomas A. Nevtns has agreed to act as manager without
compensation antil the company is earning at least 5 p. c. on the stock.
United States Realty & ImproTement Qa.—N'W SecuriReady July 11— Right to Deposit Expires July 20.
The holders of more than two-thirds of the capital stock of
the United States Realty & Construction Co. having assen ted
—
ties
to the plan of readjustment (V. 78, p. 2019), the director s of
Improvethe new corporation, the United States Realty
ment Co., resolved on Thursday to is&ue its stock and bonds
in exchange for all stock of the construction company deposited on or before July 20. The new securities will be ready
for delivery on July 11. See advertisement on another page.
J. M. Stoddard is President of the new company.
Report.— The annual report of the United States Realty
Construction Co. for the eleven mouths ending May 31, 1904,
was given substantially in full in last week's Chroniclb,
page 2596, showing not only the results for the year, but in
detail the compar y's holdings of real estate and securities
and a list of the properties securing the mortgages which it
holds agairst loans aggregating about $7,100,000. All the
capital stock of the subsidiary companies, the report states,
is now otvned; to reduce taxes the Fuller Company, the
most important of these companies, has reduced its share
capital from $15,COO,000 to $3,000,000.— V. 78, p. 2446, 3019.
&
&
[Vol. Lxxix,
further along, the other furnace will be started and will give the plant
maxlmam dally capaolty of 700 tons a day. The ore bodies already
developed in the mine are said to contain a n -it value of omething
like *2. 000, 000 over the cost of their extraction and reinotlon, and
the chances are that the White Knob will become one of the largest
producers in the West —V. 78, p 1112, 829.
Its
Woronoco Pspar Co., Kassell, .ttass. — Ca'/ei Ronds.—
Eighty-five bonds drawn for the sinking fund will oe paid
Oat. 1, 1804, at the Springfield (Mass.) Safe Daposit & Trust
Co.— V. 78, p. 829, 774.
— Messrs.
John R, Loomis and Leonard H. Conant, certipublic accountants, have recently formed the accounting
firm of Loomis
Conant, at 30 Broad Street. Mr. Loomis
has had a business experience extending over twenty years In
accountancy, audits and finance. He was originally identified with the organization of the International Paper Company, later becoming its Chief Accountant and Au(^itor. After
resigning this position, he accepted the Comptrollership of
the Union Bex Board
Paper Company. Mr. Loomis Is
President of the New York State Board of Examiners and
Pablio Accountants, President of the American Association
of Public Accountants, a director of the New Yoik State
Society of Certified Public Accountants, and also Fellow of
the Institute of Accountants.
Mr. L H. Conant, wtose
practice also extends over a period of twenty years, was a
member of the firm of Messrs. Hasklns & Sells for the past
three years. With Mr. James Grant of London, he formed
Grant In ] 900, which was subthe concern of Conant
Sells.
sequently consolidated with Haskins
Mr. Conant
has been establishfd as a professional accountant In New
York since 1888, and is closely connected with all the accounting societies. Duiing the last three years he has delivered
a series of special lectures on accounting in the Sshool of
Commerce, Accounts and Finance of the New York Unified
&
&
&
&
versity.
—The American and
British Securities Company, Limited,
columns) has completed Its organization,
with £100,000 paid-up capital, and established a Registered
Office at 11 Ironmonger Lane, Lo-^don, and an American
The business of
offioe at 807 Monadnook Block, Chicago.
this company consists chiefly in the investment of Its funds
in the bonds of steam and electric railway companies, gas
and electric-lighting companies and other corporations of the
public service class. Its policy is to purchase such securities
in large blocks at first hand, to hold them for a time sufficient for the investing public to consider them on their
merits, and to sell them at a fair profit to fnvestors, particularly the company's clients in Great Britain. Its directorate consists of such well-known financiers as Mr. James H.
Eckels. President of the Commercial National Bank, Chicago; Edward P. Russell of the Chicago banking house of
Russell, Brewster & Co.; Frederick L. Eldridge of New
Yorfe Rt. Hon. Robert Alfred Hampson of Liverpool; John
Aman of London, and others of kindred stamp in the finan(see advertising
;
cial world.
—We have received a copy of the May issue of the "Rcvae
Eoonomique Internationale." This is the third number of
the publication, which, as its name implies. Is devoted to
studies of economic questions and reviews of al the principal problems of the day. Each monthly number contains
about 340 pages. It is the aim to give in addition to articles
discussing economic matters a summary of the current commercial, industrial and financial events of importance.
Single copies of this periodical sell for |l 15, and the subscription price is |11 50 per year. Q. B, Stechert, No. 9
East 16th St., N. Y. City, acts as American agent.
—July 1 the old and well-known banking and brokerage
United States Steel Corporation.— Mr. Schwab Resigns.—
Former President Charles M. Schwab has tendered his firm of Edward L. Brewster & Co., Chicago, was changed to
Brewster & Co., Mr. E. L. Brewster retiring from
resignation as a director In order to devote more attention Russell,
to his other interests.
Tin Piate Scales Settled on Manufacturers^ Basis.
Sheet
&
the general partnership and becoming a special partner. His
son, Walter Brewster, remains In association with Mr. E. P.
have for many years been the active
Russell, both of
members of the old firm,
whom
agreement has been reached between this company's
American Sheet & Tin Plate Co., the outtide
— Redmond & Co., 41 Wall St., New York, and 507 ChestAmalgamated Association, by which the 18
p. c. reduction in sheet and tin-plate wage scale put in force nut St., Philadelphia, offer a list of high grade bonds for inearly in Apiil Is to be maintained for the year ending July 1, vestment of July funds. The list comprises city, steam railSpecial circulars and
1905. The question of continuing the 3-per-cent rebate in road and street-railroad securities.
wages on tin-plate made for export is still open.— V. 78, detailed information will be furnished oa applioatlon. The
advertisement faces the first page of reading matter in this
p. 3019. 1786.
issue.
White Knob Copper Co.— Description of Property.— The
Messrs. Fisk & Robinson, managers of the syndicate
report of the miniug districts of Idaho for the year 1908, by
Robert Bell, Inspector of Mines of the State, contains the which purchased the $33,000,000 New York City 31^9 due
1954, announce that the price of this issue has been advanced
followicg information
The White Knob Mine is situated on a spur from White Knob Peak from lOi}^ and Interest to 102^^ and interest. It is said that
at an elevation of 8.000 feet above sea level and 2,000 feet above the two-thlraa of the bonds have already bsen sold.
Valley of Lost River and the company's big smelter. The
— Fisk & Robinson in the July issue of their motthly
develorment consists of a vert'cal bbaft 7C0 feet deep, which is only
—An
subsidiary, the
mills and the
—
used as an air shalt at present and a cross cut tunnel 1,100 feet long
that taps the ore on a level with the bottom of the shaft. The ore
bodies occur in the blue limettoue, also in contact with a large dyke of
included feldt par pi rph J ry. Tha ore occurs in shoots 30 to 5o feet
wide and 75 to lOu feet long ana is mostly altered reddl-h brown
oxides and p.reen carbonate of copper carrjlDg from two to four p. o.
of the red metal, together with about $a iu gold and silver. A second
tunnel has been started down the mountain side which will tap the
ore bodies 900 feet below the Albert Tuonel and l,tOO feet from he
surface. This new tunnel is making rapid progress and should reach
i
the big ore bodies In the early summer.
The White Knob property is ( quliiped with one of the finest smeltlag
plants In the West. It has two large blast furnaces of 350 tons
capacity each, with all necessary equipment, including an eleotrlo
railway 7 miles long connectiDg the smeiter with the mine. One of
these furnaces was gotten into commission In Ooiober, producing a
high-grade matt, which cbrrles 58 p. 0. copper and important values
In gold and silver. As soon as the development of the mine is a little
"Bulletin of Investments" discuss at length the present and
prospective condition of the market for Government bonds.
selected list of city and county bonds owned and
Co., 31 Naesau SK, New
offered for sale by E. D. Shepard
York, are advertised on page xii. Inquiries are Invited,
—Brown Bros, Co. have Issued a July investment circular giving Information about a number of securities, to
which they invite the attention of Investors.
—A
&
&
—Attention is called to the list of investment bonds advertised in this issue of the Chronicle by E. H. Rollins
Sons.
Attention is called to a list of investment securities adCo. Philadelphia.
vertised in another column by Graham
&
—
&
,
.. . .
July
THE CHRONICLE.
2, 1904. J
109
COTTON.
Fbidat NiaHT, July
The Movement op the Crop
COMMERCIAL EPITOME.
Friday Niobt, July
1,
1904.
1,
as indicated by our telegrams
from the South to-night, is given below. For the week ending
evening the total receipts have reached 17.374 bales
against 13,995 bales last week and 13,504 bales the previous
this
1904.
Omng to the near approach of tha holiday season, all the
leading exchanges of the country and a large percentage of
the mtrjantile houses suspending bnsiiiess from the evening
week, making the total re«e;i:tN since the lat of Sept., 1903
7,0:3 987 bales, against 7,597,4'}6 bales for the sara« oeriod of
1902-3 showing a decrease since Seot. 1, 1903, of 543 479 bales.
of July 1st until Tuesday morniog, July 5th, an unusually
quiet condition of business has been experienced the past
few days; in fact in many lines there has been practically
OalveBton
Pt.Arthur,&o
201
163
410
80
19 Z
22/
1.263
»ew Orleans...
2,401
1,064
2
589
2,663
11
3,100
107
197
9,929
1
404
1,006
664
208
2,780
12
1
681
1
1
25
27
60
92
14
1,705
285
178
25
68
463
183
68
180
872
17,374
nothing done other than taking supplies on outstanding conDespite the general dulneas now existing the undertracts.
tone of conflience continue?, and as the fall season approaches a full revival of business activity is antisipated.
The weather conditions throughout the country have been
generally favorable for the crops, which are understood to
be making good progress.
Lard on the spot has been dragging, there being no demand
exclusive of a small export business in city grades. Prices
Receipt!
at—
Mobile
PenBaoola, Ao.
Savannah
478
Tuet.
Wed.
1
14
fH.
Thurs.
Total.
1
2i5
Brnnsw'k, &c
Oharleeton
Pt. Royal, &c.
Wilmington....
WaBh'ton,&o.
Norfolk
568
«•«>
226
845
468
2
166
N'p'tNews.&O.
have weakened slightly under limited offerings. The close New York.
was firmer at 7 ^Cc. for prime Western and 6'75c5. for prime Boston
The demand for refiaed lard has been quiet and Baltimore
city.
prices weakened, but closed firmer at 7 45c. for refiaed for
the Continent. Speculation in lard for future delivery has
been quiet. Refiners have given practically no support to
Jton.
Sat.
PhUadelp'a. Ac
80
Tot. this week.
3,954
100
2.470
2.643
3,205
4,230
The following shows the week's total receipts, the total since
was moder. Septt 1, 1908, and the stocks to-night, compared with last year
the market, and prices have yielded. The close
ately active and higher on small receipts of swine.
DAILT 0LO8IH0 PBIOBiB OS I.JLBD VOTUBXa IN OHIOAOO.
,
,
^
,.
Jalydel'F
Sept. del'y
Mon
Sat
7 05
6
7-22ifl
Tuts
92ifl
712Ja
ITed.
685
705
6-87ifl
707i«
Thurt.
1903-04.
BeceiptB to
July
7i2i«
7-20
I
I
I
Raw sugars have
Jalv.
centrifugals, 86-deg. test,
and
8 7-18c. for
New Orleans
MobUe
225
198.237
130,677
2,750 1,136,125
120.760
P'sacola, &o.
Savannah...
Br'wlck, &o.
Charleston.
P. Royal. Ac.
581
165,17;»
Wilmington.
Wash'n, &o.
Norfolk
N'portN.,&o
New York..
Boston
Baltimore.
27
321,167
Totals
471,445
21,087
17,708
30,089
29,891
14,297
463
183
68
180
muscavado, 89laeg.
•
'°' ®^P°"^ ^*« ^««° etwly, closing at
7.fl^f
in bbls., 10'65j.
7 950. fnl^f*''''in°«^
caaea and 5-05c. In bulk
Niphtha
^'^'^1 d9greeiandl2c.for78deg.
r^.M^'^V^^^^t^^^^^'"
^^®° steady, closing at l-57c. Spirits
tnr^i^H^^'lf^^^*''®
^'^^^^ ^^'^ nncbaaged at 56(ao6i^o.
\*^®
pL^ have
I"® b^ea °®^°
Roeins
quiet an I easier, closiag at $2 85@|2 95
for
'
good strained. Wool has continued in
r^^.T^^l^
raand
and firm. Hops have been quiet ani ea8ie% good d
74
211,840
•••«•
155.385
447 1,293,280
130,622
6 209,517
337
329,413
387
503,435
23,829
36,164
98,137
46.254
26,321
35
2,761
646
111
1,246
58
1903.
7,365
2,086
72.169
441
65,041
1,582
21,912
8,192
1.823
195
65
298
331
1,036
372
67,691
2,174
1,281
164,961
6,000
82
17.374 7,053.9871 19,553l7,697,486l
Receipts
at—
1904.
QalyeB'n, &o.
1903.
672
873
->
167,020'
250,390
1902.
1901.
1900.
1899.
1,263
9,929
1,520
12,650
2,192
3,702
225
47
2,760
74
447
681
27
1,92S
12
1,705
2,761
658
900
82
227
6,832
22
35
1,584
5
2,971
others...
894
1,415
2,816
4,241
1,396
10,279
wk.
17,374
19,553
12,166
49,899
li,708
20,687
New
Orleans
.MobUe
Savannah
. .
Ohas'ton, Ae.
Wilm'ton, Ao
6
News, Ac.
Tot. this
14,595
16,672
956
662
6,222
8,278
76
618
8,124
2,909
158
249
608
1
645
6 600.
6-80o.
1904.
1,023 2,090,879
497 153,935
13,650 2,282.731
336
1,705
Stock.
1
Since Sep.
1, 1902.
In order that a comparison may be made with other
years
we give below the totals at leading ports for six seasons.
'
AH
e-40o
This
week.
1,282
Philadel.&c.
N.
Refined sugar has been taken freely on
conlrict
prices have been unchanged at 4 80@4
90c. for granulated'
Oiher staple groceries have been quiet.
New businees in Kentucky tobacco has been dull, but
there have been moderate takings on old
purchases. Seedleaf tobacco has been f iirly active. There
has been considerable
bnsinees transacted in new crop
Connecticut
broad leat, and prices ranged from 26c. to
60c., accordin to
grade and quality. Sumatra tobacco has continued
in fair
demand and firm. Havaca tobacco hasbeen quiet.
There has been an easier market for Straits tin,
but the
close was steady at 25;«'a263^c.
lagot copper has been in
fair demand and pricts have boen
steady at 12'^<;'ai23^s for
Lake and 121^^12%.. for elecirolytic. L3ad has
bfen firmer"
closing at 4 25@4-d5o.
Spelter has been steady at 4-85@
4^»0l!.
Pig iron has been quiet and production is being
fur^^*^5 ^^'^ N°' 2 Northern and
»^r7SS^'^'v^°o'«^
f.
li 75@|t3 for No. 2 Southern.
f
m
1.263 2.333,510
104,029
9.929 1,968.163
Norfolk
been quiet and unchanged. Both buyers
and sellers have been ind ff :.rent, closing at 3
15.16c for
test.
Oalveston...
Pt, Ar.,&o.
1902-03.
1
Since Sep.
1, 1903.
week.
712'«
slight y-on expected comparatively light
receipts for
close was weak and lower under larger
receipts.
Following are the closing asked prices:
S-800. Oct... .
\^y
6 lOe. Jan
6-300. March ;.;.:r".
^^^°- i^°^
IL"/.
eooo. iDeo
°«P*
6 300. May
„7.„,
1.
rri
695
Pork has continued to meet with only a small jobbing
trade but prices have held steady at |1100@14 75 for mese,
$18 5C@15 50 for short clear and |14@15 for family. Cut
meats have advanced to l%@%yi<i. for pickled bellies, 14@10
lbs. average.
Pickled shoulders and hams have been steady
at, respectively, 6»^c. p,nd 9X@10c.
Beef has been in better
export demand and firmer, closing at |8 00@8 50 for mese,
$9 00@9 50 for packet, |10 00@10 50 for family and $14@15 fo'
extra India mess in tcs. Tallow has been firm but quiet
at
Stearines
4J^c.
have dragged, closing at 7M@734'c
for
lard
stearlne
and 6>^@6^c. for oleo ste^rine.
Cottoneeed oil has been more active and hieher
closiBg at 8C^@31c. for prime yellow. Butter
has
nimly held for choice gradep, closing at 18@18Wc been
for
creamery. Cheese has advanced to 63^@9c for State
f ac'torv
full cream, closing steady.
Fresh eggs have been in good
demand and steady at 18@18^o. for best Western.
Brazil grades of coffee have received slightly
increased attention from buyers, and with only moderate offerings
prices
have been steadier, but the close was easy at lU
'"for Rio
No. 7 and 1%^. for Santos No. 4. West India growths
have
continued m moderate demand and steady for
desirable
grades, closing at 9c. for good Cucuta and
lOJ^c. for eood
average Bogata. Speculatioa in the market for oontractrhas
been on a limited scale only, but prices have
advanced
The
ThU
497
Since Sept 1 7063,987 7697,466 7382,969 7382,911
64 21,864 8334,178
*°'- *^® ^®®^ ending this evening reach a total
ofP^^
54,012 bales, of which 29,463 were to Great Britain.
10 8^1
to France and 13,668 to the rest of the
Continent. Below
are the exports for the week and since Sept.
1. 1908
A^o^^
Bxportt
from—
Week Bniing July 1,
Exported to—
Oreat
OontiBrtfn.i^'*'""', nent.
i
i
l»ftt.
26,903
10,033
1.CB9
Sept.
1, 1908, to July
Exported to—
lotal
Oreat
Week. BHtain. Franci
iJalveston
Pt.Arthur, Ac
New Orleani..
From
43,295
Continent.
717,897 l.8J6,81&
6.34.i9'
78,31';
37,630
16,308
6<J.8u7
60,;iia| 18,691
65.79J
181.037
66,29b
84 901
. , .
Charleiton
Port Eoyal....
tVllmliiKton...
73.299
Norfolk
N'port N., Ac.
New York
Boston
Baltimore
Pblladelphla..
^all Fran., ix.
Total..
Total. 1002-03.
2.391
e,85(
aoo
Z,»-7l|
2,0(6
84S
e,SBO
7iaj
0.455
712
1,630,
60
Total
17,116
792,261 '26?,2a<;
Peniaoola
Bmniwlok
1901
792.3.:9,816.«1H
MobUe
Savannah......
1,
249,630
102,613
66.789
i,eoo
BJ,9io\
50
87I
28,009
536.017
90.138
1,694019
119,710
1^9,701
8 J 8,353
7,2^4
92,125
48,055
48.036
834, t5t
314.e07
4,791
'J.387
9.(i<9
6,920
446 031
lb8,6;8
167,49V
6,066
88,141
3.746
93.870
43,743
48,^82
4ii,3e0
29,463
10.881
18.6-18
84,01:* 2,48 1,64 .•7a4,i.v
O.liO'
0.BH6
la.Hftl
g9.04-|», '^07.2111 7t7.3w|a.0l6./4W rt,6H».S09
2.696,8 ->« 5.>81,a64
THE CHRONICLE.
110
In addition losboTe export!, onrlelegr»mi to-night also
give as the following amonnti of ootton on hlpboard net
cleared nt the port* named. We add timllar ttgurer for
New York, vchlob ure prepared for onr special use by Messrs,
Lambert <* Rarrowr, Prodnce Bxohantce J'nildlng.
FUTUBEB.
[Vol. Lxxix.
—Highest, lowest and closine
N»«w York.
dH'-*-*' hi
a' ^a'
to
OH IHIPBOABD, MOT OLBABBD TOB—
r
July 1 at-
Othtr
Ger-
€lr*at
BHtain Fr'net many. Wor'gn
Kew
Savannah..
317
6.789
1,052
Orleans.
Oalveeton.. ..
ttotk.
Voaai-
3,954
total.
2,256
500
600
..
61.035
2,780
21,412
11,134
4,585
1,124
1.277
1,828
Oharleaton...
441
Mobile
Sortolk
I
I
I
I
I
I
coco
coco
coco
coco
«co
6><ji
cicil
til»k
90>
ao
-J
oto
9
I
II
I
II
«
II
I
Other ports
i'.obo
"sbo
600
200
.
Total 1904..
8,891
Total 1903..
Total 1902..
9,725
2,113
ccco
coco
coco
"sbo
slsbo
6ft,391
800
3,778
I
coco
co:o
"jd"
co«
oeo
ODO
ccco
•o£»
cccD
cb-i
-ocji
I
4,454
2,901
19,319
147.701
4,116 6,418
2,934 15,085
239
23,139
30,9S9
227,251
3,573
2.641
7,576
9
I
II
I
II
II
coco
-i^j
Speonlation in cotton for future delivery has been moderand the tendency of prices has continued towards
a lower basis. The weakmss bas been most pronounced for
A moderate amounl; of cotton
the old -crop deliveries.
was tende-red for delivery on July contracts, forcirg
for
the
liquidation
account of
speculative holders,
and prices declined.
The demand for actual cotadvices
has
continued of
character,
ton
a listless
received from both the South and Liverpool complaining
of the absence of buyers, and there have been no developments in the cotton-goods trade of a character to create a
demand for the raw cotton. The outlock for the growing
crop has continued favorable, the climatic conditions for the
week belnggenerally reported about a9 desired. The monthly
report by the Government's Agricultural Bureau will be
iesued on Tuesday, July 5. It is expected that it will show
an unusually high average condition of the crop, and this,
too, has operated against values. To-day there was a moderately; active market. During the afternoon there developed fairly free selling, evidently prompted by the favorable
crop prospects, and prices yielded slightly. The close was
steady at a net loss for the day of 6@l0 points. Cotton on
the spot has declined, closing at 10'85c, for middling uplands.
The ratea on and off middling, ao established iSov, 18, 1UU8,
by the Bevislon Committee, at which grades other thar
middling may be delivered on oontraot, are as follows,
Fall.
.......^...^.,.^0. 1-80 on Oood Middling Tinged ..e.
ETex
Middling Fair ......... .
.. 0-96 en Striot Middling Tinged
006 ofl
Strict Good Middling.. ^^ 0-62 on Middling Tinged
12 ofl
Qood Middling.
..^..^ 0-44 on Stelot Low m<L Tintred... 34 ofl
COCO
0<ci
3.251
0-50
014 ofl Low Middling Tinged.
038 off Striot Good Ord. Tliiged... 0-84
0-50
...^ 0-73 off Middling Stained
€K>od Ordinary ..„
.^ 1-00 ofl Striot Low Mid. Stained... 106
1-50
Btriot GH>od Mid. Tinged.. 0-30 on Low Middling Stained
LowMlddling
Low Middling
Oood Ordinary
On this basil the offlolal prices for a few of the grades
the paHt week— June 25 to July l~would be as follows,
UPLANDS.
Sat. raon
ofl
ofl
ofl
ofl
ofl
f o»
Tnen
We«
Th.
Frl.
9-85
9-85
9-85
9 85
€k)od Ordinary.
10-05 10-25
Low MlddUng..
1067 ir87 1047 1047 10 47 10-47
1105 1125 1085 10-85 1086 1085
1149 11-69 11 29 1129 1129 11 2t>
1-81
12-01 12-21 11-81 U-81 11-81
Middling
Good Middling.
Middling Fair..
J
GOLF.
Sat.
Mon Taes
JUTeA
Th.
Frl.
10-30 10-50 10-10 le 10 10 10 10 10
10-92 11-12 10-72 10-72 10-72 10 72]
1130 1150 11 10 1110 ll-iolii-io
64 11 54 11-54 111-54
11 74 11-94
12-26 12-46 1206 1206 12-06 |1206
Good Ordinary..
Ix>w Middling...
Middling
Good Middling..
Middling Fair...
U
STAINED.
Sat.
Mon Tnes
VTeH Tb. Frl
9-35
9-75
935 9 35 935
10-75 10-36 10-35 10 35 10-35
10-91 10'51 10-51 10-61 10-61
11-25 10-85 10-85 10-85 10-85
Low Middling
Middling
Striot Low BUddling Tinged..
Good Middling Tinged
for middling upland at £<lew toxk on
yeara have been as f oUoti s.
e&oh of the past
The quotatlODi
1 for
1904....0 10 85
1903
13 00
1896.... 0. 77,a
1896...... 7»e
1888....olOHie
1880....cll'3,s
1887
1902
1894
IH
1886.....
8
1886..„..10»«
1879
1878
1877
1876
1875. „...
9>4
1901.,.„.. S's
1893.
..
lUie
938
127i6
117,a
I214
11
1884
12
10B,6
1638
1888
I2i>8
1883
1874...... 1788
7''8
21
1881
1889
llMa 1873
lliie
NOTK.— On Oct. 1, 1874, grades of oouon as qaoted were changed.
AcooriilnK to the new olasBifloatlon Middling waa on that day quoted
1893
1891
10
6i«
6»4
...
738
8»8
1890. .^„ 12
lower than Mlddllns: of the old clasBlllcatlou.
The total sales of
week are Indicated
MARKET AND SALES.
ootton on the spot each day during
the
following statement. For tbt
convenience of the reader we also add columns which shov
at a glance how the market for spots and futures closed or
same
in the
days.
SPOT Mabkbt
Globed
Saturday
Monday..
Tneeday
Qnlet
MABKRaOLOSBD
Quiet
Bt'dy, 20pt8. ad. steady
Quiet, 40 pts. do ^ulet.. ......
WedneHda.v steady
Thureday.. DuU
Friday
Sreauy
Total.
fOTDBaff
.
yalet
B'rly Bteady.
steady
•hKLMn
oa SPOT
Mv-
Oon-
Oon-
pori.
iKWi)
traci
820
<k
uonTfrAO
,
f*"*'
340
I.I60
22
122
lOu
650
650
876
875
59K
298
300
436 17.900 18,560
2,121 18,300 21,956
1
1
1
1
9
1
1
ately active
«eo.
I
I
I
1
1
1
1
1
:
1
1
9
I
1^ CO
c^oo
(a
»4
'
••
00 00 o
1
a
I
1
1
1
1
1
'
00
coco
1
I
9
I
I
I
9
I
I
9
,
0(0
ccco
Old)
I
I
coco
19
a
tOM
r^
19
I
•rce
coco
00 ©o o
oaa
co^
Cie»a
coo
«
I
.
9
coco
6<o>
coco
coco
^6>
9<i
»!-
coco
er<k
toco
«BCO
coco
eoj>JO*>.
coco
'ifo
©©
coco
OO"
il^ca
CD CO
9
oe»
at ex
t:^
'
coco
coco
to
coco
coco
(c«k.
o
to
CO
'
ccea
C«;CX
ebcx
^0<
tog-
tc*^
tiO)
00 00 ©
MM to
MM
^O" OCO o>
d
^;
9
«
o© 00 00
9
coco
eoto
*
9
•
coco
to
19
»
©o
OO
9UI
9
19
coco
coco
coco
ccco
OD<D
M©
a-5
|fe-J
CO
I
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coco
n-.q
I
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9
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©© ©©
to©
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^11
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19
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I
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19
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«
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llilli.
« 3
©o ©o
ibcid
.-iCk
i«ca
I
I
.-c).
C^C*-
<
t^*-
CO
CO
Mce
6<6>
oo-J
M(9
tato
MtO
<>©
*?
o>
iS
1°
9
9
>-
CO
I
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coco
I
'
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<i^
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CO
»
9
I
"
CD
-4
oa
00 ©©
K.tS
to.0
0©
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coco
©0 00
>^>^
"J-J
M© >^0
o©
too
^ 19 19
'9
•
M»^^t^
CO
coco
coco
00 00
CO
to
I
II
III
I
coco
OD
9
cote
9
coco
©to
i
«j'
coco
«c«D
cnu.
coco
•j'j
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o.
»i«i
cxo.
^CT
©©
9
0000
II
00
ccoa
6- O)
^1
•>
coco
I
II
19
00 00 o
»#».
»jcn
«4
^o o'
MM
M
00
903
9
-•-
oa
.-
9
aco
II
wi^
I
II
II
9
eai-i
coco
"i*!
«
coco
I
o>4
I9|@l«d,s*
I
279 2:9
1900
1899
1898
1897
A cw
wo
oco
ccco
006
July
10
coco
.i»to
Btrlot
«
d
1,0-16
Hew York
Striot
woo
«
I
II
i^>-
I
'
CO
CO
01
©
o
I
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I
9
I
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I
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I
9
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I
9
IHB ViBiBLB HUPPLT OF UOTTON to-nlght, as made ap by
«ble and telegraph, la ai follows, Foreign itocki, as well
M
the afloat, are this week's returns, and oonseqnentiy all
'oreign figaret are brought down to Thursday evening,
CO make the total the oomplete Qgnrea for to-night
July 1). we add the item of exports from the United States,
lomding in it the exports of Friday only.
1904.
1903.
1902.
1901.
iiwekatLivMpool.«...bale». 485,000 813,000 822.000 659,000
8».fielt at London................
18,000
14 000
13,000
10,000
ato«b at Manchester. .... ......
40,000
49,000
Total Groat iiritaln stock. 538,000 576,000 835 000 669,000
at
Hamborg
4toek
.........^
21.000
21.000
23.000
22.000
4toek at Bremen ..... .......... 178,000 195,000
112,000 148.000
)toek at Antwerp ....... ........
4 000
4 000
5,000
6.000
9took at Havre.... .... ..... .... 139,000 134,000
134,000 149,000
Itook at MarsellleB.....
8000
3.000
4,000
4.000
38,000
24,000
ttoek at Barcelona............
50,000
36,000
36,ooo
37,000
9,000
26.000
Itook at Genoa..... ............
12
000
Trieste
6.000
Itook at
...... ....
16.000
16,200
Total Continental stocks.
437,000 4J0,000 840,000 404,200
Tetal Kiuopean stocks
975.000 1,006,000 1,176,000 1,073,200
India cotton «Ooat for Barope 110 000 185,000
95.000
69,000
Amer. cotton •floatf or E'rope. 109.000
73,000 101,000 102,000
20.000
19,000
25.000
Enypt, BrazU,<ke., Ct.for E'pe
21,000
Alexandria, Egypt... 110.000
74 000 129.000
Stock
81,000
Stock In Bombay, India. ....„ 475.000 659,000 465,000 607,000
Stock In United ^litates ports.. 167.020 250,390 310,238 467.030
Stock in U. B.mterloi towns.. 107.903
113.377 346,207
30.763
1.471
7.500
11.509
United States sxportsto-day..
8
total ^Slblesapply..,.....».2.074.931 2,264,653 2,364,124 2,709,903
Of the above, totals of American and other deBorlptions are as follows:
^t
m
Anurtean—
bales. 363,000
417,000 698,000 528.000
43,000
atanoneeter stock
81,000
347,000 288,000 329,000
Jontinentalatockr. ,......._. 322,000
73,000 101.000 102,000
American afloat for itarope. . 109.000
167,020 250 390 3lo,'238 457,030
.„
Jnited States stock.
30,763 113.377 246.207
anited States Interior stocks. 107,903
7.,500
11,509
1.471
8
tJnitedStateseiportsto-day.i
Total American...... ..... 1,099,931 1,168.623 1,622,124 1,663,708
Ma$t Imtian, Bratil, de.—
iiiT«rpool stock
131,000
122.000
98,000 134,000
10,000
13,000
14,000
13,000
6,000
9,000
75.200
115
000
83.000
52,000
.>.uc;,>4Ciil»iBiyo»B
9.5.000
69.000
adla afloat for Europe.. ...« 110.000 185,000
25,000
19,000
21,000
20,000
Jgrpt, Bra«n,Ac.,aao»t......
129,000
110.000
31,000
74,000
itockln Alexandria, Egypt...
659.000 465.000 607,000
^tock In Bombay, India. ........ 476,000
976 000 1.094 000 842 000 1,046,200
total £ast India, fcc...-.,
1,099,931 1,168.653 1,522,124 1.663,708
Total Ame.noan
2,074.931 2,262 65;^ 2,3ti4.l24 2,709.908
Total visible sopply..
42S30I.
5ir>d.
6'96d.
6-64d
middling Upland, Liverpool.
96. 63.
lO'Sse.
12-75C.
«iddlin(r Upland. New fork..
638d.
lOifd.
7^8
J.
Liverpool
Good
Brown,
<gTpt
7d.
Vd.
8-8ad.
"ernr. Bough Good, Liverpool 10-5ud.
Uverpool stock...... ..........
London stook
Manchester stock
:toaoh Ftne, Liverpool.......
litTiwijellv
Good. Lf'erpooU.
6\d.
69ied.
6d.
5>sd.
411ifld.
4%d.
4381.
45,el.
week have been 28,010 bales
figures for 1994 show a decrease froua last week
of 97 303 bales, a decline ot 1«7,722 bales from 1903 a decrease
of 269,198 bales from 1903 and a loss of 6-34,977 bales from 19'J1.
Continental imports past
ThH above
July
2,
—
c
.
:
movement— that is the
since Sept. 1, the shipments for the
week and tbe stocks to-night, and the same items for the
corresponding period of 1902-03— is set out in detail below.
Toavns the
At the Intekior
^iTj
B
week and
!z|
CP
.a>
2 R
OJ (S
B-^
—
July
IS
t3
pen
O
01
00 2
»S2
.
.
2.*"
00
.
«j
Sat'day
1088
11
10S8
Savannah
10!\l
10%
..
hS'
•
Oi',
*>••
1^,
;
03'
c;!;
("•Oil-',
toco;
«i
»0;
AuKusta.....
Memphis
10I>8
10%
11
105,8
IOI4
11
107,6
IOI4
Louis
Little Rook..
QD
11
lO's
11 05
11-25
11-30
lOiiia
Houston
t9
Monday. Tuesday. Wed'day Thursd'y FrUay
1058
lO'a
losg
St.
00
en
CLOSING QUOTATIONS FOB MIDDLING COTTON ON —
Galveston.
New Orleans
Mobile
Charleston
Wilmington.
Norfolk
Boston
Baltimore.
Phiiadelph'a
!i5
> o
O
1.
.
3-
O
t-j
'-'
IL]
Quotations for Middling Cott">n at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
;;
09
I
Week ending
B a O o td 5! 2 O O td 2 <• <1 g O O o eo p o c 2 t>t>»f'td I?
o o » E'S ® B^ ^s" oSi» S ;?
eSB-Bgc'^g
?»
.
THE CHRONICLE.
1904.1
receipts for the
.
-
1105
11-25
11-50
lOSlt
1088
10%
1058
1034
11
11-25
11-25
11-10
1068
1058
11
107i6
lOijs
lOJs
1011,8
1058
lOifl
lOifl
loia
10%
10%
10%
10%
i'o'%"
ibss"
10-85
n-00
1085
1100
1085
1100
11-10
10»8
11-10
1068
11 10
1058
1012
lOSg
10S18
1014
10"i6
10>«
lOia
10%
10%
lOSie
105,8
lOifi
lOifl
IOI4
10"t6
The
<|h-CJ'
CO
h-
to
I-"
•qo5ta<i-JOOD»o05M ((» v> o> » 01 00 w a)||i;-j 50jsi 05 y«
oi
closing quotations to-day (Friday) at other important
Southern markets were as follows.
1088
Louisville
Natchez
10*«
10%
Atlanta,
Raleigh
Montgomery.. 10»e
Columbus, Ga. 10
lOk
Nashville
11
Shreveport
1014
Columbus, Mis s 9 >«
—
hw p w^tup oo -g ao
.
OCDt-'l^lP>-CiWll^-at0OC005«WC»:C00>Wa'«ait'«D--OO«3l(«-vl03®CD0)
OI©ao«l(>o^oDOWkOMa>^'<x>l-'<^o>lf»!o^-'^-oc;l«»4Wl»k^05^r-o^o
51
CO
V <f c^acoojoowcoto; aoco; ^eOl(^d^WC}•
tSXO«U<OI- C0b3<
tO'
0-4
rvi-
jtg!
tow'
en
•
;
I
I
wojlootn
!
!
I—
);»•
Kl O! CO to «>
l»^
J>5
OroO>Oi->
cxi-'to!
ST
WW
^
5"
PJ^i^.W
wif'CB'c0 0DOo>O^«'»-'t5
'Jpk03"^bD'a»'tow:j'W
New Orleans Option Market.— The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat'day,
25.
June
sis
JULYRange
0--W-4h-'il»-OiOO*>tOtOOC005l^lf^Ot005<IOO>-'»40ja'0500
Monday, Tuesday, Wed 'day, Thursd'y Fnday,
June 27. June i S. June 29. Jwne 30. July 1.
I
10-42--52 10-68 •90 10-50--72 10-30--471 10-36 50 10-30--45
10-85- •88 10-56-'58 10-45--47 10-39- 4010-32--34
Closing.. 10-53
ACGUST—
10 18--30 10-39--69 10-19--46 10-09--30 10-17--S5 10 10-18
Range
M»qi
»0'
i^k
w
o;o
M
to
(-1
m;
if^
-3,
c-oi!
to
w;
:
o««-
co-
v
acAOsMOVwcncnwM- ^do-
Closing.. 10-29--30 10-55--56 10-27--28 10-29--c0 10-17--18
ol
w-
!
Range
.
Closing..
M O
H>
nr
to
to
to
H<(0
^-'to^^oo^o^woo^s^-'»-^^c''CD'»<l^-lcoM •oiCRcetoootooscDo; tOp^
•vtOJOlODr ifkto^lClt^f'^CnU )^.(X)<IOO:01<ICOrf»'OOMjp.MOJOa:C»JO^
Ol
M CO to to 00
'too
0>
m'<)
tS
toco
O'
QoV
to
w'cbDOo'Wcol^ OC OS*'
^i_>>->l->i^C0-~)cnu>c0C;iU<i^a>xCOi>^0>W>^tCC0C0cn^i;^O>>(>Mt0)->r0>-*
O
9-609-o7-
9-69- -S7' 9-58- -78' 9-49--62! 9-55--65
9-81- 82J 9-61- •621 9-61--62 9-55-56
Octob'r—
Range .. 9-33--40 9-40--56
MM
WW
1012-13
Sept.
to-q
Closing.,
9-37--38
9-51--52
9-33- -49
9-35- -36
9-26--36
9-2a
—
9-30--40
9-S0--31
9-24--32
9-25--26
9-32--39
9-36--37
9-3«--54
9-49--50
9-31--47
9-33--34
9-25--35
9-34--35
9-28--39
9-28-29
9-J3- 30
9-24- •25
Quiet.
Steady.
Steady.
Steady.
Steady.
Dkc'jjer—
aDOSccoitowtctoMtnwocojwoso^i^^osi^ootnif'Otoat.wuKicnwioao
Range
..
Closing..
9-50--59
9-51--52
Tone—
»oto
JOW
co-j;
OS
as
too
cistoco©
Mf-to^iMOo
OT-Mi'-i
I**;
o; Mcn — w; <o«o
CO
CD
Spot...
Options
M
oioo>-'if'«MOD«jH'if^*>eoo'«ot-'0' (-'-too- coH-woi
w;
CO <| '
cncoT
O^-
;
;
•
•
;
;
m—
m
w «> w
M b" O C»tO»J*'COWH'l|ktO CO!-' H" O H'
00
Hf
«otoooc»cDOO>M<i>-o;MK)Oa--o<
a
5?
flt^
CO
oic
>-•
-
t005<l»C0l-'O>«Q0t00SCC0tSH'OWOaOai^
coco
wir
tOtOl^CCh
The above totals show that the Interior stocks have decrease i during the week 8,^^3 bales, and are to night 77,140
bales more than same period last year. The receipts at ail the
towns have been 1.^61 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
We
July
1
and since
Sept. 1 in the last
two years are as
July
1.
Since
Week.
follows.
1902 03.
1903-04.
Since
Week
Sept. 1.
Sept. 1.
—
Shipped
Via St. Louis...
Via Cairo
Via RO' k Island
Via Louisville
Via Cincinnati
Via other routes, &o.
1,795
1,469
97
"'322
Total jjrosB overland
towns
894
151
Inland, &c., from South
1^264
Total to be deducted
2,309
interior
2,311
252,039
13.648
118,457
31,703
194,789
73
741,110
208,061
29,605
161.330
314
96
i'
8,t
6,238
26l,V!52
1,728
3,683 1,114,557
Deduct shtpments—
Overland to N. Y., Boston, &c..
Between
503 .S21
2 i 1,436,596
91.985
0.9^3
96.854
1,315
3,968
3.417'
206,776
49,608
64,868
219802
8,690
321,252
;-
j
fc94,755
Leaving total net overland"
1,374!
tP,168 1,115,344
movement by rail to Canada. J Deficit In net overland.
The foregoing shows that the week's net overland movement
this year has been 1,874 bales, against
bales for the
week in 1903, and that for the season to ilate the aggregate net
overland exhibits a decrease from a year ago of 2v;u, i-'J bales.
*
Including
1903-04.
1902-03.
Jn Sight and Spinners'
Takings.
Receipts at ports to July 1.
Net overland to July 1
Southern consumption July
Week.
4 '2, 1, 00
1
Into sight during week.
Total In sight July 1
North, spinners' tak'gs to July
DecreaHe darlnjr week,
t
Deficit in net overland.
Movement
Week—
1902
July
1901-,Iuly
1900- July
1899- July
1.
6
7
15,16- 1,115,344
l.7970u0 39,001 1.770,000
53,385 l-'482810
*
132 315
13, .-3
40,035
62,155
9,842 043
10450195
17,075 2.075 042!
625 2,067 510
1
Less than Sept.
1.
into sight in previous years.
Balct.
4
6
19,553 7.597,466
to 748 ••,745,742
* 8,593
96 301
Came
Since
Sept 1.
Week.
17,3-4 7,053.9?7
1,374 894,755
..
Total marketed
Interior stocks in excess.
*
Since
Sept. 1.
17,0-9
68,801
37,661
45,327
Since Sept.
1—
1901 02 -July
IPOO-Oi— July
1899-00- July
1898-89- July
4...
5...
6..,
7...
Rnlei.
10 ,0W 3,270
.10 ,0tU,183
.
Quiet.
Easy.
Firm.
Steady.
Easy.
Quiet.
Quiet.
ST
8,
>H,a56
.10, 943,700
WEiTHER Reports by Telegraph.— Oar telegraphic reports
from the South this evening indicate that the weather baa
been favorable daring the week quite generally and that the
crop is doing very well ss a rnle. There have been good
rains in many Qalf and Atlantic eections where needed. In
North Texas and portions of Arkansas and the Territories
rather too much moisture is complained of.
Oalveston, Teojas.— Crops are doing well except over North
Texas, where too much moisture is complained of. Rain
has fallen on one day of the week, the rainfall being thirtyAverage thermometer 79,
seven hnndredths of an inch.
highest 86, lowest 72. June rainfall three inches and sixtysix hundredths,
Abilene, Texa$,— The wetk's rainfall has been
two inches
hundredths, on two days.
The thermometer
has averaged 70, the highest being 94 and the lowest 64,
Month's rainfall, fonr Inches and fifty -two hundredths,
Srenham, Texas.— We have had a trace of rain on one day
during the week. The thermometer has averaged 80, ranging from 65 to 95. Jane rainfall eighty-two hundredths of
and
two
an inch.
Corpus Christi, Teajcw.— There has been no rain daring the
week. The thermometer has ranged from 74 to 86, averaging 80.
Cuero, Texas.—The week's rainfall has been forty-five hundredths of an inch, on one day. Average thermometer 83,
highest 96, lowest 70.
Dallas, Texas.— It has rained lightly on three days during
the week, the precipitation reaching eighty-four hundredths
of an inch. The thermometer has averaged 82, the highest
being 87 and the lowest 68.
Henrietta, Texas. There has been heavy rain on one day
of the week, the precipitation reaching one inch and eigbtytwo hundredths. The thermometer has averaged 80, rauging
—
from
61 to 99.
Huntsxrille, Texas.— It has rained on one day during the
week, the rainfall being seventy-nine hundredths of an inch,
Tbe thermometer has ranged from 70 to 96, averaging 83.
Kerrville, Teajcw.— Dry weather has prevailed all the week.
Average thermometer 81, highest 95 and lowest 67,
We
have had rain on one day of the
Lampasas, Texas.—
past week, the rainfall reaching sixty-two hundredths of an
Inch. The thermometer has averaged 81, the highest being
97 and the lowest 64.
Longvietv, Texas.— Thf^re has been rain on five days during
the week, tbe rainfall reaching one inch and forty-five hundredths. The thermometer has averaged 83, ranging from
69 to 97.
Lulivg, Texas,— 'R&xn has fallen on one day of the week, to
an Inappreciable extent. The thermometer has ranged from
67 to 91, aversging 81.
Falentine, r(a;a«.— Rain has fallen on one day of the week,
the rainfall being two hundredths of an inch. Average
thermometer 80, highest 90, lowest 70.
THE CHRONICLE.
1J2
Paris, Texas.— Tbe week's rainfall has been one inch and
thirty hundredths, on two days. The thermometer has averaged 80, the highest being 95 and the lovvest 65.
have had no rain 'during the
San Antonio, Tex IS.—
week. The thermometer has averaged 83, ranging from 70
to 94. June rainfall one inch and eighty hundredths.
Weatherford, Texas. There has been rtiin on two days
during the week, the rainfall being fifty-one hundrpdths of
an inch. The thermometer has ranged from 67 to ICO, aver-
We
—
aging
84.
June
rainfall six inches
—
and sixty-two hundredths.
Orleans, Louisiana. The week's rainfall has been
three inches and fourteen hundredths, on three days. Aver-
New
age thermometer 81.
Shreveport, Louisiana.— It has rained on three days during
the week, the precipitation reaching one inch and forty-three
hundredths. The thermometer has averaged 80, the highest
being 93 and the lowest 66.
Columbus, Mississippi, There has been rain on one day
during the week, tha rainfall reaching forty -seven hundredths of an inch. The thermometer has averaged 77, rang-
—
ing from 60 to 94.
h&\e bad rain during the week,
Leland, Missis •iippi.—
the rainfall being one inch and fifty-two hundredths. The
thermometer has ranged from 62 to 89, averaging 74 '7.
Vtckiiburg, Mississippi.—R^in has fallen on three days of
the week, to the extent of one inch and twenty-eight "hnndredths. Average thermometer 79, highest 92 and lowest 65.
We are havicg too much moisture.
Little Rock, Arkansas.
Crops, however, are doing well, but will be late. There has
been rain on four days during the week, the rainfall
reaching forty-one hundredths of an inch. The thermometer
has averaged 78, ranging from 63 to 89.
Helena, Arkansxs.- Crop reports are good, with no complaints ot damage by insects. Rain has fallen on two days
of the week, the rainfall reaching seventy-six hundredths of
an inch. The thermometer has ranged from 68 to 93, averaging 85.2,
Month's rainfall four inches and fifty hundredths.
have had rain the past week,
Nashville, Tennessee.
the rainfall being forty-one hundredths of an inch. The
thermometer has averaged 76, the highest being 91 and the
lowest 61,
Memphis, Tennessee.-The crop outlook continues favorable.
We have had rain on two days of the past week, the
Averrainfall being seventy-. hree hundredths of an inch.
age thermometer 78 0, highest 89 7, lowest 6 5 3.
Mobile, Alabama. There have been'good and general rains
in the interior and crop condition is fine.
We have had rain
on four days of the week, the rainfall being seventy-three
hundredths of an Inch, The thermometer averaged 80, ranging from 70 to 93.
Montgomery, Alabama.— Crops continue to improve and
present prospects are flittering. There has been rain on two
days of the week, the rainfall reaching thirty-seven hundredths of an inch. Thermometer has ranged from 70 to 93,
averaging 81. June rainfall two inches and nineteen hundredths.
Selma, Alabama.— Qime sections have had fioe local
showers, but the crop needs moisture.
have had but a
trace of rain here the past week. Average thermometer 84,
highest 96 and lowest 72.
Madison, Florida.— We have had light rain the past week
to the extent of twenty-five hundredths of an inch, on^three
days. The thermometer has averaged 79, the highest being
96 and the lowest 68.
Savannah, Oeorgia.— It has rained on four days of the
week, the rainfall reaching sixty-one hundredths of an inch.
Average thermometer 79, highest 90, lowest 70.
Augusta, Oeorgia.
have had rain on three days of the
past week, the rainfall reaching fitty-two hundredths of an
inch. The thermometer has averaged 79, the highest being
92 and the lowest 68
Charleston, Houth Carolina,
have had rain on five
days during the week, the rainfall being thirty-eight hundredths of an inch. The thermometer has averaged 79, the
highest being 87 and the lowest 71.
Greenwood, South Carolina.—There has been no rain during the week. The thermometer has averaged 82, ranging
from 70 to 94.
Charlotte, North Carolina, Crops should make good progress with prevailing weather conditions. Too much moisture, however, would be detrimental.
We have had rain the
past week, the raintall reaching three inches and thirty-five
hundredths. The thermometer has ranged from 67 to 94,
We
—
—We
—
We
—We
— We
—
averaging 78.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. July 1, 1904, and July 8, 1903.
Jufy
1, '04.
July
3, '03
[Vol. Lxxix.
India Cotto.n Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all lo'iia ports
for the week ending June 3 and for the season from Sept. 1
to June 30 for three years have been as follows.
)
1902-08.
1903-04.
Receipts
at—
Bombay
_
"'w*,
Week,
ggpt 1
1
1
1901-02,
Since
37.000 3,394,000
24,000 2,062,000
Since
1
^«<*-
Sept. 1.
Sept. 1.
15,000 2,070,000
Since September
For the Week.
X.
Exports
from —
Qreal
Oonlitunl.
Total.
2,000
12,000
5,000
l.i,000
1,000
1,003
Britain.
Great
Britain.
Continent.
Total.
Bombay—
190304..
1902 03..
1,000
1,000
1901-02
Calcutta
190304..
1902-03..
1901-02..
5,000
93,000
79,000
8,000
848,000
837,000
480,000
941.000
912,000
488,000
4,000
4.000
3,000
40,000
34.000
41,000
44,000
38,000
44,000
1,066
l.OCO
2,000
2,000
2.000
3,000
10,000
7,000
2,000
33,000
14,000
8,000
43,000
21,000
10,000
1,001
3,000
5.000
5,000
2,000
6,000
8.000
2,000
17,000
20,000
2.000
239,000
13 7,000
90,000
256,000
157.000
92,000
2,000
5,000
10,000
19,000
8.000
12,000
24,000
8,000
Madr^B 1903 04..
I
1902 03..
190102..
All others
3,000
i',006
—
190304..
1902-03..
1901-02..
j
Total all1903-04..
I
190203.
190102
.
Alexandria
Receipts
Alexandi ia, Egypt,
June
124.000 1,160,000 1,284.000
106,000 1,022.000 1,128,000
15,000
19,000
634,000
f^
and Shipments
1903-04.
29.
of Cotton.—
1902-03.
1901-02.
Receipts (oantars*)—
This week
Since Sept. 1
Exports (bales) —
To
To
To
To
*
Liverpool...
Manchester
Continent...
America
Total exports
A cantar Is 98 lbs.
500
219
6.454,414
5,739.649
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
1,500 226,513
134,^79
3,750 331,040
100 30,260
200,291
144,633
1,419 312,301
80,271
1,904 195.944
121,213
2,285 399,700
1,112 101,487
6,310 742,692
1,419 737,4?>6
.'^,30
Market,— Our
Manchester
1,085
6,467.025
report
1
1818,344
by cable
received
to-night from Manchester states that the market cont nues
quiet for both yarns and shirtings
The demand for China is
improving.
give the prices for to-day below and leave
those for previous weeks of this and last year for comparison.
We
1904.
32« Oop.
Twist.
d.
d.
1903.
914 lbs. S/iirtings, common
to finest.
3.
My 27 10 @ 10% 6
J'neS 9ifi@10'4 6
" 10 9111® lOH 6
«• 17
938® lOlfi 6
" 24 9i«® 9^<. 6
J'ly 1 S'o® 9»» 5
d.
B.
d.
4 ®9 6
li4«9 2
1>«®9 3
1
®9
®9
8
lifi
10>«®8 10
Oottn
8>4 lbs Shirt OoWn
Mid. 32s Oop. ings, commo7i Vii.
Twist.
Uplds
Uplds
to finest
d.
d.
7-12
8I3
«»9
672
8ifl
®9
ti-68
8^
6-38 9
614 9
5-96 8l8
d.
s.
d.
B.
d.
®8
®8
6
6
®9i4 .i 10Js®8 9
®9i« 5 11 ®8 10
®9ifl 5 10J«®8 9
®938 5 9ifi@8 8
5
9
9
5
d
6-34
6-44
6*82
678
6 96
6-64
Cotton Consumption and uverland Movement to July
1.
—Below we present
month
a synopsis of the crop movement tor the
of June and the ten months ended June 80 for
three years.
1903-04.
SrosB overland for June...
GroBB overland for 10 months
Net overland for June
Set overland for 10 months
Port receipts In June
Port receipts In 10
bales.
1902-03.
1901-02
21,981
22.722
1,114.117 1.135.456 1,621,238
6,746
7,117
10,566
894,604 1,115,067 1,133,950
66.743
76,560
94,008
',053,115 7,598.415 7,376,949
160,668
133,964 169,459
5,981,356 6.580,437 6,387,914
171,564
252,674 321,943
2,068,397 2,067,222 2,051,842
1.790,000 1,750,000 1,657,000
14,558
months
Bxporta In June
Exportaln 10 months
Port stocks on Jane 30
Sorthem spinners' takings to July 1 ...
fonthem consomptlon to July 1.
3verland to Canada for 10 months (Included In net overland)
73,018
112,297
103,749
3amt North and South lu 10 months...
268
8,12S
5,613
iUHik at Nortb'n Interior markets July 1
4,662
8,829
9,779
Oame In sight during June
206,489 195,967 210.574
Imount of crop in sight July 1.
^834,719 10431782 10058899
Oame in sight balance season
326.544 642,654
Total crop
10758326 10701453
507-25
Avorage gross weight of bales
50306
506 23
482-46
488-3
Average net weight of bales
485 31
,
t
Feet.
New Orleans...
Memphis
Nashville
Shreveport
Vloksburg
Above zero of gauge.
Above zero of g.iuge.
Above zero of gauge.
.......Above zero of gauge.
Above zero of gauge.
14-2
16-7
6-2
24-1
36-5
Feet.
60-4:
18-7
3-9
4-9
27-7
QOVEaNMENT WEEKLY COTTO.N REPORT.
— Mr.
JamOS
Cnief of the Climate and Crop Division of the United
Siat s Weather Bureau, made public on Tuesday the telegraphic reports on the crop In the Sjuthern States for
the week ending June 27
NoETH Carolina.— Cotton slightly b<ickward and needs rain.
bouTii Oakolina. -Cotton frulUng ou saady lands with sporadic
Rt-rry,
:
Jute Butts, Bagging, &c.— The inquiry for jute bagging
during the week, as for some time past, has been practically blooms; plants small on clay soils, line dls.^iipe<irlag.
Geokoia.— General rains ba.lly needed Cotton small, but healthy,
nil., but prices are nominally unchanged at 6>^c. lor 1% lbs.
slowly; wullcuUiviited; blooming la scattered looaliUes;
and ti^c. for 2 lbs., standard grades. Jate butts very dull and imx>rovlng
damaged by Hoe and black root la few counties.
at l^@l%(i. for paper quality and 2@3i,^c. for bagging
Flohioa— Cotton in north improved, fruiting nicely, though small,
quality.
doing
weU
in
western por:ioa, tnough need of rain
\i
urgent.
July
THE CHRONICLE.
2, 1904.]
Alabama.- Cotton growing and fruiting well In n orthern ©"unties,
making Blow progrees In other dlstriote, little rust or blight buo Hoe
Increasing.
„
MI8BI8S rpi.— Cotton generally
^
I
..,
and^ ^frnltlrg
^
but growing
enaall,
.
becoming general, Hoe disappearing.
Louisiana.— Cotton improved except In localities in eastern and
where rainfall was Insufflolent; crop clean except
portions,
Bontbern
in northwest portion, where some fields are foul; plant small bat
nioely. bloonae
healthy, frul log generally.
Texas —Cotton made rapid growth and Is fruiting nicely, some complaint of foul flelfis, but crop generally fairly well onltlvatei; bollweevils more numerous In southwest, central, eas'ern and coast dlvts
Ions, and causing damage In nearly all localities where present.
Abkansas.— Cotton tmall but growing nicely, generally healthy,
some blooming.
Tennessee.— Cotton improving and making good grew
b,
being well
cultivated.
Oklahoma and Imdian Territories -Cotton forming
looks well and
equares,
la good oondltlor.
Is
These reports on cotton are eummavized by tJi« Department
as follows:
In most of the dlstriots east of the Mlselpslppl River cotton has not
made rapid growth and Is generally small though healthy and well
cultivated. Good growth, however, is reported from Mississippi and
portlonsofAlabania, and while Hoe are laorea»lng in the last-named
State they are lefs numerous in Mississippi and South Carolina. West
of the Mississippi Klver the advance of iha crop has been more rapid,
good growth being generally reported, and while some fields are foul
in portions of Texas, Arkansas and L'tutslana, the crop is generally
In Texas boll-weevils are more nntcerons In the
well cultivated.
southwestern, central, eastern and coast sections.
SHiPPma News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 54,013 bales. The shipments in detail, as made np
from mail and telegraphic returns, are as follows:
Total balet.
Maw TOBK—To
Llyerpool, per steamers Arabic, 745
Aura1,938
e75
110
To Hull, per steamer Martello, 110
To Havre, per steamers La Champagne, 10 Sea Island
Malou, 8a8
848
To Bremen, I er steamers Bremen. 900..., Friedrloh, 511... 1,411
100
To Antwerp, per steamer Finland, 100
334
To St. Petersburg, per s earner Helllg Olav, 334
100
To Warberg, per sieamer flelllg Oiav, 100
100
To Barcelora, per steamer Longfocd, 100
4,114
To Genoa, per steamer Konig Albert, 4,114
400
To Venice, per steamer Frieda, 400
Nbw Oblbamb To Liverpool- June 25- Steamers Darlen,
Jamaican.
June
29—
Steamer
Custcdian,
2,148
2,500;
25,203
18 655.... June 80— Steamer Senator, 1,9C0
Jane 29
To Bavre June 2ft— Steamer Constantia, 1,560
nla. 518..-.Bov!o,
—Steamer Alexandrian, 8,473
10,033
To Hamburg- June 25— Steamer Prinolnessa Laetltia, 200
1,723
June 27— Steamer Markomannia, 1,523
300
To Antwerp -June 26— Steamer PriEclpessa Laetltia. 300.
To Genoa- Jttoe 25— Stetmer Prlnclpessa Laetltia, 5,036.. 5,036
BosTow To Liverpool— June 27— Steamer Sylvanla, 681
639
June29 Steamer Oretlo, 8
28
To Manchester— J nne 24— Steamer Bostonlan, 23
Philadblphia—To Liverpool- June 24— Str. Merlon. 1,600
1,500
50
Bah Frakoisoo- To Guatemala—Jane 29 Str. Jan Jose, JO...
TotaL
54,012
—
Liverpool. By cable from Liverpool we have the following
Btatement of the week's sales, stocks, &c. at that port.
,
June
bales.
Sales of the week
Of which exporters took. ..
Of which speculators took.
ales American
June
10.
88 00<
33 000
1,00<
3,000
1,000
28.000
•
....
32,000
3,000
otaal export
June
24.
38 000
1,000
28 000
Mid.
28,000
6,(100
42,000
485,000
368 000
34 000
26 000
68 000
35,000
futures
closing
Monday.] Ttietday. Wed'day. Thurtd'y Friday.
Sat'day.
Market,
12:30 p. M
I.
32,000
1,000
6000
50 000
661,000
498 000
431,000
375 OtiO
Total Import of the week
26 00<>
34,000
16 000
Of which American
8 000
24.000
9 000
Amount afloat
93 001
69 000
69 000
Of which American
61 000
40 000
38 000
The tone of the Livtrpool market for spots and
each day of the week ending July 1 and the daily
prices of spot cotton, have been as follows.
Spot.
July
••....
3 000
53 000
538.000
410 000
41000
Forwarded
Total stock- Estimated
Of which American- Est'd.
17.
More
M
(inlet.
Qnlat.
Upl'dfl,
6 14
6-22
626
6 04
610
5 96
3.000
6.000
5,000
6,000
5 000
7,000
100
200
200
200
300
500
Sales
Spec.
& exp,
Qalet.
Irregnlar.
Irregular.
demand.
Futures.
Qniet at
4(26 pts.
decline.
Market
opened:|
Very it'dy Br'Ijgt'dy Br'Iy»t'd) Veryst'dy B'sytost'y
!
|
ptR,
4iii.O
advance,
Jteady at Steady
Market,
4 p. M.
4ae
pts.
decline.
8aio
at
ptt.
«dTanoe.
Z<a,0
pts.
S(34 pts.
see
decline.
advance,
decline
1^5
pta.
udvanoe
i.ts.
Basy at Steady at Basy at Steady at
3®7 ptf. 6Q12 pts. 3 prs. dec. 1ft; 3 pts
iieoltuo.
decline. to2pt8.ad decline.
I
I
The
prices of futures at Liverpool for each day are givet
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherw'se stated,
Mon.
June
25.
June
Tsea.
27. JuTie 28
12]« 4 12ifl
[p.m. P.M. P.M. P.M. P.M.
4
1
d.
6 oo 6
5 90 5
Jone-Jnly
6 84 5
July- Aug..
Aug. -Sept.. 5 69 5
Sept.-Oot... 5 36 5
5 28 5
Oct. -Nov..
Nov.-Deo....5 17 5
6 13 5
Deo.-Jan
Jan. -Feb. ...6 12 5
Feb.-Mch. ..6 12 5
Jane
.
Mch.-Aprll
April-May
.
d.
d.
1
d.
d.
P.
M
d.
June
29.
Tlaar*
Frs.
June 80. July 1.
4 I214 4 12i« 4
P.M. P.M. P.M. P.M. P.M. P.M.
12>fl
d.
d.
CO 6 08 6 10 6 11 6 0.- 5 91 591 5 1-7
90 5 9'< 6 00 6 02 5 PS 5 "1 581 5 87
84 s 92 5 94 6 5^5 5 87 5 76 5 75 6 81
tS 5 7(J5 77 5
37 5 44 5 45 5
V2 5 29 6 SO 5
16 5 23 6 24 5
13 5 20 5 21 5
12 5 1 9 5 20 5
12 5 19 5 20 5
d.
d.
d.
d.
5'
78 b'rk b'ii
74 5 69 5 71
5 61 5 66 5 61 5 56 5 68
6 34 5 3K 5 35 5 32 5 34
5 21 5 24 5 V2 5 19 5 21
6 16 5 19 5 17 5 15 6 10
5
78 5 7> 5 61
4.T 541 5 33
30 5 2t 5 19
24 5 21 5 14
21 5 Ih 5 11 5 18 5 17 5 16 5 13
20 5 17 5 10 5 12 6 16 5 14 5 13
20 6 17 5 10 512 6 16 6 14 5 12
5 13
5
5
5
6
14
13
13
13
113
BRfiADSTU**FS.
Feiday, July 1 , 1904.
Buyers have ccntinued to be difficult to Interest in the
market for wheat fiour, the limited number of orders that
has been placed bting cot fined strictly to euoh supplies as
have been needed to cover current wants.
Prices have
sagged, but at the close there was a steadier tone to thn market, mills showing a disposition to hold more firmly,
Tbere
has continued an absence of offerings of flour for forward
deliveries.
Rye flour has had a limited sale at steady prices.
Corn meal has teen quiet and elightly easier.
Speculation in wheat for future delivery has been quiet
The tone of the market has continued unsettled, Itflaenced
by the cot flic ting character of the crop reports, but for the
week prices show only fractional changep. Early In the
week advices were received from the Central West com.laining of too much rain; weather conditions in the epring-wheat
belt were not favorable, the temperature being too low ^nd
European advices reported higher markets on less promising
European crop prospects. Subsequently, however, crop news
from both domestic and foreign sources became more favorable and the markets, both here and abroad, turned easier.
The Cincinnati Price Current's report, issued toward the
close of the week, said that larger, well filled heads were
general in winter wheat. Damage by lUst in Illinois and by
rains in the West is local and slight in the aggregate. This
report had a weakening influence upon values. The s^ot
market has been quiet and easier. Exporters have done
practically nothing here or at outports. Tc-i3ay the market
was quiet but steady. The spot market was dull and unchanged.
NEW YORK,
OAILT OLOSINO PBIOE8OF WHBAT PTTTUBBS UK
Tueg.
Wed.
Sat.
Mon.
108
107
No.2redwlnter, f.o. b... 108
108
9088
S638
85»«
Jaly delivery In elev
Sept. delivery in elev
Deo. delivery in elev....
delivery In elev
Sept dellv. in elev
dellv.
In elev
Deo.
89
84»s
8489
WHBAT FUTVBB8
DAILT OLOSIHO PBI0B8 OF
.loly
8988
SS^e
85
ig
89»8
Thuri.
8.'Sl8
8938
85I4
85%
8iH
IN
Fri.
107
107
9«8
85ie
8518
OHICAOO.
8at.
ifon.
Tuet.
Wed.
fc6''8
86H
84%
8538
8138
81 ss
80^8
8078
80>«
8088
81^
81ie
Thurt.
853^
Sm
8II4
fri.
«53b
81ie
81%
Indian corn futures have been quiet, and the tendency cf
prices has been towards a lower basis, the shinkage in values
being greatest for the near-by deliveries. It is understood
that there is a considerable quantity of contract corn at
Chicago awaiting delivery in July, and this has had an es-
weakening ii fluence upon this delivery. Weather
conditions for the week have been generally favorable for
the crop, and this, too, has operated against values. Oae
authority, in reviewing the crop situation for the week says
that the corn crop is moderately late and weedy in Kansas
and Missouii; otherwise crop in fine condition, The spot
market has been moderately active at easier prices; exporters have been slightly better buyers. To-day there; was
a steady market. The spot market was quiet.
DAILY OLOSIMO PBICBS OF NO. 2 MIXJBSD OOBH IN NKl^ YORK.
8at.
Tuet.
Wed.
Thur$.
Fn.
Mon.
5714
66>«
f6
56%
66%
Cash oom f. o. b
57H
54
8388
5389
5388
6318
6818
July delivery I n elev
53>«
5314
5388
63%
53%
53 »8
Sept. delivery in elev
DAILY CLOSINO PBI0B8 OF NO. 2 MIXED OOBN IN CHIOAOO.
pecially
—
July delivery in elev
47'''8
Mon
47%
Sept. delivery In elev
Dec. delivery In elev.....
May delivery In elev
48^
48>4
Sat.
44
ig
43^
Tuet.
47'8
48I4
44%
44%
431s
4388
Wed.
4789
4888
Thurt.
47i«
481a
Fri
47%
4888
44''8
45
44%
44I4
441%
44%
the Western markets have been
Oats for future delivery at
quiet and prices have been irregular. The demand for cash
oats has continued dull, and under somewhat freer offerings
prices have made a fractional decline. The prospects for the
growing crop havelconticued favorable, but there has been no
To-day the
selling pressure and prices have held steady.
market was quiet and easier.
DAILY CLO8TNO PRICB8 OF OATS IN NEIT YORK.
Fri.
Mon,
Tuet.
Wed. Thurs.
Sat.
Nom. Nom. Horn. Noin. Nom. Nom.
No. 2 mixed In elev
Ncm. Nom. Nom. Nom. Nom. Nom.
No. 2 white In elev
DAILY CLOSINO PBIOEB OF NO. 2 MIXED OATS IN CHICAOOi
Thurt.
Fri
Tues,
Wed.
Sal.
Mon.
July delivery In elev
Sent.
detWery
In elev....
38*8
3814
38%
38%
31%
31"^
32I4
32
37 ''8
32
37%
31%
32%
32%
o2%
32*8
Deo. delivery in elev
32S8
31 ^8
Following are the closing quotations
FLOUB
Fine
-.,,.
Superfine
Extra, No. 2
Extra, No. 1
Clears
Straights
Patent, spring
Nominal.
$3 20 ®3
3 25 '©3
3 25 ®3
3 80 ®4
4 75 a>4
4 90 -3>5
Wheat, per bush—
N. Dul ,No. 1
N'thern Man., No.2.
Red winter. No. 2..
Hard winter. No. 2.
'ate— Mixed, p. bush.
25
40
70
Buckwheat floor.. Nominal.
60
Corn meal2 90 3>3 00
Western, etc
90
Brandywlne
3 05 »3 10
70
OBAIN
0.
0.
f.o.b.lOO'V
f.o.b.
9t38
f.o.b.l07
f.o.b.
Nominal.
Patent, winter
City mills, patent. 5 2f> *5 75
Rye flour, superfine 4 00 94 70
8S39
945
«52
White
43
44
No. 2 mixed. ^.
No. 2 white
Nominal
Nominal
Corn, per bush—
Western mixed
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush-
0.
62
0.
»B6
f.
o.
b.86
f.
o.
o.
b.66»9
b.54ia
f.
63 ©70
Western
NomlnaL
State and Jersey
Nominal.
Barley— West
46%«M
FeedlnK
Exports of Grain anrt Flour from Pacifle Forts.— The
exports of grain and flour from Paciflo ports for tho week
tending June 30, as received by telegraph have been as follows:
From San Francisco to United Kingdom, 23,000 buehels
bunuls wheat; to various Pacific ports, niiinly Chinese,
14,530 bbls. flour.
THE CHRONICLE.
J14
CJombining these figures with those for previons weeks, wt
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902-03.
WAeat,
Flmir,
bush.
front—
bbll.
Ban Fran, 762,063 1,798 491
Pnftet8'd.l.67S.G70 1.651,725
Portland.. 683,617 3,878,396
Jtzporti
Oait,
buth.
bu$K.
46
6.628
718,725
427
44.345
6,728,612
'02-3.3,417,349 25,443,579
Total.. ..8.321,250
Tot
Corn,
Barley,
bush.
7,943,280
970.978
1.320,539
Rye
bush.
1,078
344
44,391
725,7*10 10,219,797
1,422
51,307 1,017,384 7,483,729 216.132
GovEBNMENT Weekly Grain Report. —Mr. J-imes Barry,
Chief of the Climate and Crop Division of the Ualted States
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending June 27 as follows
CoRN.-In Iowa and in the prlnoloal corn States eastward of the
MleslBslppI Klverootn han made Kood progress and Is well cultivated,
rapid growth being jfi-nflrally reported. Rapid growth Is also reported from Mlssonrl, Kansas and Nebraska, bat In these States caltlvatlon has been hindered, particularly in Cllssoarl and Nebraska,
:
-where many tlelds are grassy. A large crop Is practically assured In
Texas, but dr <aght has Impaired the oatlook In the Central and East
Qmt and South Atlantic Utates.
Winter Wheat. -The progress of wheat harvest In Kansas aLd Missouri has been Interrupted by rains, but this work has proceeded
wlthou' interference eastward of the Mississippi River, and Is now lu
progress as far north as the southern portions of Illinois .and Indiana
and In Virginia and Maryland. Some lodging and rust are reported
from Nubraeka and Missouri, and dry weather has hastened maturity
In Michigan; but elsewhere the crop has advanced favorably, well
filled beads being generally reported.
In Callfornta harvesting c mtlnnes with light yields In most sections; in Oregon and Washington
beads are fllllcg nicely.
Bpbing Wheat.— While the general condition of spring wheat is
somewhat less promising than previously indicated, the outlook continues encouraging in the spring-wheat ret^ion east of the Rocky
Mountains, the least favorable reports being received from Iowa. In
portions of the Bakotas the crop is weedy, but In these States and In
Minnesota It has made good growth and the early-sown is beginning
to bead. On the North Faolflo coast the prospects for spring wheat
have beenmaterlalty lessened by dry. cool weather and recent frosts.
Oats —Oats continue promising in nearly all distriois. In some of
the most imp 3rtant oat States, however, the crop is heading short,
with less favorable prospects than previously iadioated. Harvest has
begun In Southern Missouri, Tennessee and North Carolina.
For otber tables usually siven here 8ee pa^e 8 3.
THE DRY GOODS TRADE.
been Home call for delivery extending over Iwo months
In
ract there is little change in the chiiraotpr of the bu^riaess
since the recent reductions took place, Qaot^tions are unchanged, but low grades are weaker and irregular. There is
not much demand for wide sheetings and no change In
Drioes, while sheets and pillow caaes remain quiet at previous
figures.
The call for denims is limited and no difiBculty is
found in making purchases either from stock or for future
delivery. Plaids are irregular, with the demand restricted
*nd tickings are quiet and unchanged. The market for
other coarse, colored cottons is without distinctive feature.
Canton fl mnels and cotton blankets are dull and also featureless.
Kid-finished cambrics are slow, with prices again favoring purchasers. The volume of basinesa in staple priLts
is only m:>derate and there has been little response to the recent reductions in prices. Fancy prints are inactive and
without feature, but there is a fair demand for fiue printed
and woven patterned fabrics. Ginghams are qiiet at u changed quotations. Print cloths are decidedly inactive and
during the week a reduction of i^c. has been made in regulars, making the quotation 8%"^.
It was even said that 8c.
had been accepted quietly on more than one occasion and
that odd goods are quoted on the basis of this price for regulars.
Woolen Goods—The strike in the clothing trade has had
«n extensive effect on the market for men's woolens and
worsteds, and, awaiting developments, a number of new
lines which it had been announced would ha opened, have been
held up. While the strike has thus prevented the making of
new displajs, yet it is not regarded as of serious moment by
sellers of piece goods, who do not expect that it will be of
long duration. It is too early yet to gauge the new lightweight goods market for the reason that up to the present
only the cheaper lines of goods have been shown, very fjw
reaching as high as |l a yard. The demand for these, however, has been fair and prices have equaled thoee cf last
year.
The opening of the higher grades is expected to take
place shortly after the holiday and by th'3 15th the market
should be in full swing. Tbe damand for heavy-weights
continues to a limited extent and several mills have announced thit they will cut short the making of these ia order to take up the light-weight lines earlier than usual.
Overcoatings are qaiet and the market for clo-klngs is slow
wi hoDt change in prices. Woolen and worstedidress goads
are dull in both etiple and fancies, with prices unebaaged.
Foreign Dry Goods—There is only a moderate demani
for imported woolen aud worsted dress goods, mDst of which
is for higher grade specialties.
Prices of sllfes conliDue irregular, with the demand quiat. Ribbons are dull. Linens
remain firm, but the demand is net active. Burlaps are slow
with some concession in prices.
Importations and Warelioase TFltlidraTiralsof Dry Goods
Thelmportationsand warehouse withdrawals of dry goods
at this port for the week ending June 30, 1904, and since
January 1, 1904, and for the corresponding periods of last
vear are as follows:
New York, Friday, P. M., July 1. 1904.
Although some slight improvement has taken place during
the past week in the demand for cotton goods, it has not been
o' such a character as to have a pronounced effect upon the
situation. There is some evidence that current needs are expanding, but this is rather through an increase in the number of small orders than in a change of policy among the
large buyers. In fact, the views of buyers and sellers as to
an equitable standard of prices continue to differ more or lees
widely and comparative dulness still prevails, with a certain amount of irregularity in price movements. Little or
no provision is being made for future requirements, owing to
a lack of confidence in the situation, but from time to time
jobbers and converters have come into the market to supply
immediate needs. The condition of the raw cotton market "" »
has had a considerable iEflaence with buyers in their efforts
to
to obtain reductions. Sellers seem to have resigned themselves to the situation for the time being, believing that the
developments of the near future will bring about a change of
sentiment. They point to a probable further curtailment of
production during the next two or three weeks, and state that
if purchasers delay much further the rush to lay in stocks at
the last moment will result in a general advance in prices.
Oa the other hand the confidence of buyers has been undermined by the recent reductions and by the fact that, in some
instances, prices lower than the regular quotations are being
accepted and they anticipate a still further shading before it
becomes necessary for them to operate extensively. In the
woolen goods division the labor troubles in the clothing
trade continue to nave a disturbing effect. Jobbers' half-
yearly clearance saks have been held during the
week with
moderate success.
Domestic Cotton CJoods.—The exports of cotton goods
from this port for the week ending June 27 were 1,998
packages, valued at |137,612, their destination being to the
points specified in the tables below
Arabia.
Africa
West Indies
Mexico
Central America.
South America...
Other OountrieB..
Total.
o
Since Jan.
431
489
33,603
1.
I
Week.
25
10
Since Jan.
174
109,370
2,881
204,679
2.^1
" The value of these New York exports since Jan. 1 has been
$6,781,962 in 1904, against $3,826,929 in 1903.
There has been some irfegularity in the brown sheetings
and drills market and business h«s been of a somewhat lim
ited character, with a slight decline in prices recorded. The
home demand has not been large and the export demau'i
continues iDdifferent, In bleached cottons the majority of
orders has been for immediate shipment, although there has
.
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—
July
—
THE CHRONICLE.
2, 1904.]
JI5
miesionere, for the $20,000 6<g 20-40-year (optional) coupon
electric-light and water- works bonds, voted on May 24. DeInterest semi-annually In
nominations, $1,000 and $500.
York. The town has no indebtedness at present time,
Afiseseed valuation of property about $800,000.
Belltfontaioe, Ohio. Bond Saie.— According to local reCo,, Cincinnati, have purchased $28,800
ports, W. R. Todd
New
Bond Proposals and Negotiations this
week tave been
&
as fellows:
Akron, Ohio.— Bonds Authorize f .— The City Council has
the issuance of |1,500 5% 1-10 year (serial)
Rose Avenue sewer bonds. Date, July 1, 1904. Denomination, |150; also $10,300 5^ street-improvement bonds (ten for
$1,000 each and one for $300), dated Jane 1, 1904, and maturing $2,000 yearly on June 1, 1805 and 1906, $3,000 June
1, 1907, and $3,300 Jnne 1, 1908; also $6,500 5% Locust and
Bell street- improvement bonds, dated June 1, 1904, and maturing $2,000 on June 1 of the years 1905 and 1906 and $2,500
on June 1, 1907. Interest on all three issues semi-annually
at the National Park Bank, New York City.
Bond Sale.— The Sinking Fund Trustees have purchased at
par and interest $4,000 5% 1-4-year (serial) grade-crossing
authorized
bonds, dated June 1, 1904.
Description cf Bonds.—
We are advised
that the Perkins
Park Roadway bonds purchased by the Sinking Fund Trustees, as stated in the Chronicle June 18, aggregate $14,000.
Date, Jan. 18, 1904. luterest, b%,
Maturity, $7,000 Jan. 16, 1906, and
Denomination, $1,000.
payable semi-annually.
$7,000 Jar. 16, 1907.
—
Bonds to Bi Offered. C. I, Bruner, President of the Trustees of the Sinking Fond, will ehortly offer for sale the fol
lowing bonds, now held in the sinking fund as an investment:
tl9,0C0 4* refuDdlne bonds of fl.OOO each,
June
S,
Date,
June
H
waterworks and $5,000 5^ gas bonds,
paving, $16,0C0
paying $924 10, $862 50 and $325 premium, respectively, for
the saice.
Orr, Secretary, is
Brevard, N. C. Bond Offering.— A,
offering for sale $25,000 5^ 30-year street, water and sewerimprovement bonds.
Brain, Pa.— Bond« to he Issued,— It is stated that this
borough has decided to issue $5,000 bonds.
BuflTdlo, N. Y.— Bond Sale.— Oa June 30 the $50,000 4% refunding water bonds and the $50,OCO dl^i hospital bonds described in V. 78, p. 2613, were awarded, respectively, to Blake
Bros. & Co., New York, at 102'18 and the Buffalo Garman Insurance Co. of Buffalo at 1CO'02. Following are the bids
5;6
K
:
Blake Bros &Co..
$60,000
i% Bonds,
New York
10218
lOrOl
Buflalo German Insurance Co., Buffalo
Erie Couniv Savings Bank. Buffalo
Blodget, Merritt& Co., Boston
,
—
3K< Bonds.
100-02
100-00
101-08
lOi-gl
Merrlam, Smith & Co.. New Yoik
Kountze Bros New York
w. J. Mayes & Sons. Cleveland
N W. Harris & Co.. New York
Western Savings Bank. Buffalo
N. W. Hams & Co New York (both
$50,006
10181
101-761
101-74
101-615
101-01
Issnes or none).
100-856
~
'
Istue.
The issuance of $10,694 99 3% 1-year bonds
dated July 1, 1904, has been authorized to meet expenses of
Bjnd
Department of Public Works. These bonds are to be
taken by the city at par as an investment for the Tax Loan
the
8,
1S03.
Maturity,
1913.
one bond for $800.
and $15,800 Sept. 6,
Fund.
BnrllDgton, Yt.— Bond Sale.- On June 25 the $58,000 4%
Albiou, 111 —Bond Sale.— Oa June 20 this village sold an 30-year electric-ltght bonds and the $38,000 ii 30-year school
issue of $3,000 6j5 street-improvement bonds to H. C. Speer & bonds, described In V. 78, p. S 613, were awarded to N. W.
Co., Chicago, at 102. Denomination, $100. Date, Jnly 5, Harris & Co,, Boston, at 108-625. Following are the bids:
108-626 Denison, Prior & Co. .Cleveland
Maturity, $500 yearly from N.W.Harris ACc. Boston
Interest, annually in July,
1904.
108-077
and Boston
Merrill, Oldham A Co., Boston 103-689
1906 to 1911, inclusive,
Farson, Leach 4 Co., Boston. ..108'167 R. Kleybolte & Co.. New York.. 107-56
108-29
107-521
Jackson 4 Curtis. Boston
Alexanatia Bay, N. l.—Bond Sale.—U. A. Cornwall, Vil- Moore 4 Cabot, Boston
107-35
lOh-31
Kstabrook & Co., Boston
Adams *Co.. Boston
lage President, recently sold at par to the Watertown Sav- R.
108197 C. H. White & Co., New York. 101-83
L. Day & Co.. Boston
luh
refunding
Boston...
-0^6
of
Watertown
75
Sons,
Bank
bonds.
DeRollins
&
ings
$3,608
B. H.
4i
nomination, $200, except one bond for $203 75. Date, June 1,
Butte School District No. 1, Silver Bow County, Mont.
Maturity, one bond yearly beginning in 1914.
1904.
Bond Offering —Proposals will be received until 6 p. M
Alliambr a (Jity High School DIetrict, Los Angeles Connty, July 26, by the Board of School Trustees, Thos. Richards,
C&h— Bona Sale— Oa June 21 the $45,000 5% bonds of this Clerk, for $50,000 gold coupon building bonds authorized by
district described in V. 78. p. 2453, were awarded to N. W. a vote of 2C85 to 1016 at an election held April 2, 1904.
Harris & Co., Chicago, at 104*771 and interest. Following Dite, July 1, 1994. Danomination, $1,000. Interest, not exare the bids:
ceeding 55f, payable semi-annually at the office of the Co.
N. W. Harris & Co.. ChicaRO 147.147 00 Adams-Phlllips Co.,LosAng, 146,937 00 Treas. in Butte.
Maturity, July 1, 1924, subject to call July
i6,051 00
Los Angeles Trust Co
Purctaser must lurnish blank bonds and deliver
1, 1914.
Anahtim School District, Orange Oonuty, Cal.— Bond purchase price of said bonds at the Connty Treasurer's tffise.
Election.— An election will be held July 8 to vote on the A certified check for $1,000, payable to Charles H. Laue,
queetion of issuing $10,000 4^* bonds.
Chairman, r^qnired.
Andorer, Mass.— Bond u^mngr.— Proposals will be reCambridge, Ohio.— Bonds Authorized,— The City Council
ceived until 8 p m., Jnly 8, by Geo. A. Parker, Town Treasurer, on Jane 6 passed an ordinance providing for the issuance of
for $89,C00 4^ school-bouse bonds. Date, July 1, 1904, Da- $8,0U0 i^% coupon refunding bonds. Denomination, $500.
nomination. $1,000. Interest, semi-annually at the National D^te, June 1, 19o4. Interest semi annually at the office of
Exchange Bank, Boston. Maturity, $4,000 yearly on Jaly 1 the City Treasurer. Maturity June 1, 1914.
from 1906 to 1913, inclusive, and $3,C03 on Jaly 1, 1914. AcCape May, N. J.— Bond Sa/e— The Finance Committee of
crued interest to be adjusted at date of delivery. Bonds are the City Council has sold to the Municipal & Corporation
approved by Storey, Tnorndike, Palmer & Thayer of Boston. Security Co. of Pittsburgh $140,000 5% 80-year improvement
Areola School District No. 637, N. W. 1.— Debenture bonds at 105. Denominations, $500 and $1,000. Dute, June 1,
O^enng.— Proposals will be received until July 15 Dy A. D. U04. Interest, semi annual.
M( Leod for $12,000 school debentures.
Cartbi!ge (111.) School District.— Bonds Authorized.— We
Arkansas tity, Kan.— Bontis Voted.— At an election held are advised that this district, will shortly issue bonds for
June 8, by a vote of 502 for to 9 against, this city authorized school purposes.
the issuance cf $8,0( bonds in aid of the Kansas & Oklahoma
Cass Lake School Distrltt No. 3, Cass Connty, Minn.—
laterurban Electric line,
Bond Sa/e.- On June 21 the $20,000 school-house bonds deAtlanta, Ten.— Bonda Registered. — Oalnne 2\ the State scribed in V. 78, p. 2454, were awarded to the First National
Comptroller registered $3,5 lU 4« 10-20year (optional) school- Bank, Bemir'ji, at 101-275
house bonds dated June 1, 1904.
Centerville (Iowa) School District.- Bond Offering.—
Auburn, Me.— .Bond Saie.— Oa June 27 the $28 500 3J.0 Proposals will be received until 8 p. m., July 11, by F, D.
20-year refunding bonds described in V. 78, p. 2613, were Sargent, Secretary of the School Board, for $10,000 4% 5-10awarded to the Lewleton Trust & Safe Deposit Co. at 100-41 year (optional) refunding school bonds.
and interest. Following are the bids:
Cheraw (S. C) School Distrfct.- Bonds Not SoZd.— No
First Nat. Bank. Auburn
Lewleton Tr. & Safe Dep. Co. .iro-41
lOO'CS
satisfactory bids were r« c-ived June 15 for the $12,000 6^
100-07
B H. Rollins A Sons. Boston. ...100-275 N. W. Harris i Co.. Boston
U026
schcol-building bonds described in V. 78, p. 2027.
S. K. May 4 Co., Lewlston
Chicopee, Mass.- Zoin.— The Aldermen have authorized
Atod, S. Dak.— JBoTid OjTeriwg'.- Proposals will be received
the City Treasurer to borrow $4,000 at 4% interest from the
until 8 p. M,, July 11, by H. D. Giedd, Mayor, for $10,0u0
Denomination, $500. Interest, semi- Chicopee Savings Bink for an addition to the AldenvlUe
water-worfis bouds.
annually at the German Bank of Avon, or, at the option of school. The note will mature Dec. 1, 1906. A loan of $25,the purchaser, in CLicago or in New York City. Maturity, 000, to mature Nov. 10, 1904, has also been authorized in an$3,000 in five years, $3,000 in ten years and $4,000 in fifteen ticipation of the collection of taxes.
Cincinnati, Ohio -Bond SaZe.-On June27 the $500,000 4%
years. Certified check for $500 required. Successful bidder
50-year park extension fund bonds described in V. 78, p.
must fnrnlsh blank bonds.
Avoyelles Farish, La,— Temporary Loan.— This parish 2028, were awarded to N, W. Halsey & Co., Chicago, at
Las borrowed temporarily to delray current expens-s the turn 113*182 and interest. Following are the bids
of $10,COO from the Merchants' & Planters' Bank of Bunkie, N. W. Halsey 4 Co.. Chlc...$5«5.9ll 00 Foder. Iloliman 4 Co.. Cln. $516,400 00
VV. R. Todd &Co.. CIncin... 658,760 00 Won, Roth 4 Co. and S.
Baker City, Ore. -Bond Q^ering.— Proposals will be re N. W.
Kulin & Sons. Cincinnati.. 640,000 00
Harris 4 Co.. Chic... 657.H0.S 00
celved until 4 p, M July 18, by W. S, Levens, City Auditor fleasoiiKoort AiMayer, Cln.. 656,b3l 85 Market Nat, Bank and Atlas 637,64100
Niit.Bank
Domlnlck & Domlnlck and
and Clerk, for the following bonds
650,396 00 W. J. Hayes A Sons aud
Blodget, Merrlit ACo
and
Union
Prov.
Sav. Bank & Tr. Co. 636,C00 00
Qerman
Nat.
Bk
ball
19P4.
00
20-year
city
bonds,
dated
$12,090
Denomination not
5X
Aur. 17,
Sav. Bank 4 Tr Co.,Cln... 548,865 001
less tban $I00. Certified check for $o00 required.
80.084 36 6t sewer bonds, dated July 1, 1901, and matarlnK July 1, 1914, sub
Bond Bids.- Following are the bids received June 24 for
ject to C'*!! before that date. Denomination not over $600. CerHthe $1,075,000 8-65« water-works bonds awarded, as stated
fled check for fSuO required.
Interest on both Issues will be payable semi-annually at last week, to W, R, Todd & Co. of Cincinnati :
the tflBce of the City Treaturer. Certified checks to be made \\. R. Todd 4 Co.. Clncln.$1.099,18r 00 Atlas Nat. Bank. Qermnn
NHt. Bk. and Union Sav.
Heasongood 4 Mayer, Uln. 1.09l.4i; 25
payable to the City Auditor.
$1,084,011 OO
Bunk 4 Tr. Co., Cm
Prov. Sav.Bk4Tr. Co.... 1.0yB.7f>0 0u
tfatesbnrg, S. i^.—Bond O^ering.— Proposals will be re- 8. Kuhn & Sons, Cincin... 1,180.000 00 Foder, H<)liman4Co..Cln. 1,077,800 00
ceived at any time by W. H. Timmerman, Chairman of ComSee V. 78, p. 2028, for description of bonds.
30,800 4t refunding bonds. Denomination, |l,f 00, except
Date, Sept. B, 1903. Maturity, f IS.OOi) Sept 6. l«ia,
1«14.
j
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:
,
:
.
THE CHRONICLE.
116
.
to 1918, iuclnsive.
bids received June 21 for the $15,500 5jg Qrandview Avenue
improvement and the $15,500 6% Bdllfiald Avenue improve
bonds, described in V. 78, p. 2345
Bids Received for Each Isiue.
Feder, HoIimanJA Co., Cln...|J0.122 50 P. 8. BrlgKB* Co., ninoln...
:
l
8.
Kuhn A
Sons, Cincinnati.
.
16,042 5
1
1
Haydeu. Miller
Sl
Co., Cleve.
$16,876 00
16,KT0 46
MHTer.Olnoin. 10."0U50| L.HmprechlBro8.& Co.,CleTe. 16,8.'5&0
W. J. Hares 4 Sons, Cleve... 15.951 OO Denlson, Prior A Co., Cleveland and Boston
16,820 85
UnionSav.Bk. &Tr. Co., cm. 15,887 60
Beasonsood
.k
I
Both
were awarded to Feder, Holzman &Co.
issues
of Cin-
cinnati.
Clifton Springs, N. X.—Bond Sale.-Oa. June 24 this village sold an i^sue of $18,000 electric-light bonds to Edmund
Seymour & Co., New York City, at 101 57 for four per cents.
Danomination, $1,000. Dj,te, July 1, 1904. Interest, annually
on July 1. Maturity, $1,000 yearly on July 1 from 1909 to
1926, Inclusive.
Cljde, Ohio.— Bond Sale.—Oa. June 22 the $8,330 50 5^
Buckeye Street assessment and the $4,658 60 b% Buckeye
Street assessment b >nd8 described in V. 78, p. 2846, were
awarded to the First National Bank of Clyde and th i People's Banking Co. of Clyde, respectively.
The following
bids were received
Premium.
.
{8.300 60
Band, Clyde
People's Banking Co.. Clyde
I/am precht Bros. & Co.. Cleveland
First National
•
$1.6
.8
60
Bonds
Bondt.
$34186
$192 57
21080
For both, 1330 10
11S76
805 50
For both, 28100
94 00
17000
For both, 1100.
284 75
'
>
P. S. BriiJBS & Co Cincinnati
Hsyden, Miller 4 Co.. Cleveland
W. R Todd & Co., Cincinnati
Weil. Roih & Co., Cincinnati
,
'
'
'
'
Conroe (Texas) School District No. 24 —Bonds Regis
tered.—Oa June 18 the State Comptroller registered $5,000 i}
5-80year (optional) school-house bonds of this district. D^ite,
April 11, 1904.
Cordele, (jla.
Eimwood Place, Ohio.— Bond bale. Od June 29 the
$7,880 6^ 1-10-year (serial) Pros er Avenue improvement
bonds were awarded to Seasongood
Mayer, Cincinnati, for
1^28 50 premium and the $10,000 43^1 10-year refunding
bonds were disposed of to the Provident Siving? Bank «fc
Trust Co. of Cincinnati for $431 53 premium. See V. 78, p,
2028, for description of bonds.
Fairfield School District No. 90, Spokane Coanty,
Wash.— Bond Sale,-Oi June 18 this district sold $8,000
lO-!i!0 year (optional) school bonds to the State of Washington at par for 4^^: per cents, Date, June 18, 1934.
D.-nomination, $1,000.
Interest, annual.
Fall River, Mass.— Bond iSai«.— On June 25 the $1.50,000
314'i 20-year special school-house bonds described in V. 78,
p. 2614, were awarded to Vermilye
Co., Boston, at 100'5l9.
Following are the bids:
&
CleTeluud Heights, Ohio.— Bond Sale.— Below we give the
ment
&
100-549 Blake Bros. 4 Co.. BoBtoD
Boston
ICO"?©
100-17
Co.. Boston
Kstabrook * Co., Boston
100'167
4 Co., Cleveland
10T379 rtloutfei, MerrltrACo-. Boston. ICO'OfS
and Boston
N. W. Harris & Co.. New York.. 100-3 6 Kountze Bros., New York
100-071
H. L. Day 4 Co., Boston
100-287
Flathead County (Mont.) School District No. 5.— Bonds
Refused
are advised that the Union Bank & Trust
Co. of Montana at Helena declined ae illegal the $18,000 5i
school-building bonds awarded to them on April 14. The
attorneys for the Union Bank & Trust Co. refused to approve
the legality of the bonds, owing to the fact that the proposition to refund §30,000 of outstanding bonds and to issue $13,000 of building bonds was voted on the same ballot, whereas
separate ballots should have been used.
Fostoria, Ohio.— Bond O^ertngf.— Proposals will be received
until 12 M July 15, by J. T. Yant, City Auditor, for $48,000
i]4f> coupon refunding water-works bonds.
Denomination,
Date, July 16, 1904. Interest semi-annually at the
$1,000,
>Jational Park Bank, New York City. Maturity, July 15,
1924.
Accrued interest to be paid by purchaser. A oertified
check for $1,000, made payable to the City Treasurer, is reqiired. Authority, Title 12, Chapter 2, Section 2701 of the
R -vised Statutes of the State of Ohio.
Vermilye
Merrill.
&
Co.,
city recently voted to
We are
5,i 30-year public-improvement bonds.
advised that these securities will be offered for sale in about
sixty days, or as soon as they can be validated.
DauTille, Y&.—Bond Election Postponed.— The election
to vote on the question of issuing $75,0C0 i% 30-y.ear waterimprovement bonds which was to have been held on June 14,
as mentioned in V. 78, p. 2399, has been postponed by reqiest
of the Council until some future date.
Bonds Proposed.— H ilia city is contemplating the issuance
of $100,003 refunding bonds about the month of October.
Dajton, Ohio.— Bond Offering, Proposals will be received
until 12 M,, July 80. by Edward Philippe, City Auditor, for
the following bonds
issue $10,000
—
:
$20,000 i% 5-8 year (serial) coopoij storm water-sewer bonds. Check for $1,000
required
presume this Is the same issue originally advertised lor
sale July 16.
46,000 4% coupun street-repair bonds, maturing $6 000 in five years and $6,000
yearly thereafter. Check Jor t2,300 required.
80,000 i% 5-8 year (serial) coupon flre-cistera bonds. Check for $1,000 required.
We
All the above bonds are in denomination of $1,000, dated
Interest semi-annually in New York City.
1, 1901.
Separate bids to be made for each iesue and proposals must
give the price bid for each |1,000 of bo ids and also for the
entire amount of eaah issue offered. Certifidd checks are to
be drawn on a national bank and payable, without conditions,
to the Auditor of the city of Dayton.
Decatur, Ala.— Bonds Not Hold.—We are advised that the
$30,000 20-year school bonds which were offered for sale on
May 25 have cot as yet been disposed of.
Defiance, Ohio.— Description of Bmis —The $105,000
refunding bonds authorized by the City Council on Jane 7,
mention of which was made in V. 78, p. 2454, will be put
out in denomination of $1,000 and dated Jane 1, 1901, Interest semi-annually at the First National Bank of New York
City. Maturity, June 1, 1924.
Ddnver, Colo.— Bo/id Bill Introduced.— At the meeting of
the Board of Aldermen held June 16 a bill was introduced
authorizing the iisuance of the $4u0,000 Aaditorinm bonds
mentio -el in V. 78, p, 2316. Tiie bill provides th it the
bonds shall bear 4.% interest and shall be coupon in form.
Date, July 1, 1904, D^nomlnatiju. $1,000. Maturity, Jalyl,
1929. subject to callJaly 1, 1919,
The bill was referred to
the Committee on Public Grounds.
DoUeville, N. \.—Bond Sale.-O i Jane 23 the $42,000
sewer bonds described in V. 78, p. 2028, were awarded to
W. J. Hayes & Bone, Cleveland, at lOO-as for d-W% bonds.
FoUowlni? are the bids:
Aug.
H
For 3*90 Per Cents.
W.J. Hayes & Sons, Cleve... $42,106
1
00
1
I
For 4 Per Cents.
Farson, Leach & Co.. N. Y...$42.»57 flO
N. W. Harris & Co., N. Y.... 42,8 i5 86
Edmund Seymour & Co. N.Y.
4^.669 40
Dothaa (Town), Ala.— Bond
O^ertr^gr.— Propomls will be
received a', any time by J. R. Young, Mayor, for $30,000 5^
20-year paving, water and electric-light bonda.
Interest,
semi annual,
Ector (.oantf, Tex
Bonds Registered ani Sold.—Oa June
16 the State Comptroller registered $20,000 4^ 5 40-year (optional) oourt-house and jail bonds. Date. May 1, 1904. Tnese
bonds have been purchased by the State Bjard of Eiucation
at par and interest.
Elba School District No. 8, Cassia County, Idaho.—
Bond Sale.—Oa June 18 this district sold $1,000
bonds to
the State Land Board.
H
|
Oldham A Co.. Boston.. lOOSiW H. W. Poor 4
Denison. Prior
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—We
,
Fredericktown,
Bonds Voted.— This
Vol. Lxxix.
—
Clark Held, M.lan.— Bond O^ering.— Proposals will be re
celved uotll 8 p. m July 15, by J. E Johnson, Village Recorder, for the |5,000 6jJ ooupon water-works bondi mentioned in V. 78, p. 2316. Date, May 1, 1904. Denomination,
Maturity, $1,000 yearly on May 1
luterest. annual.
$1,000,
from 1914
I
Knox County, Ohio.— Bond* Voted.—At
a special election held June 6, by a vote of 184 for to 53
against, this place authorized the issuance of $20,000 water-
works
lx>nds.
Fresno, Cal.— Bonds De/ea<ed,— This city on June 3 failed
to cast a suffiiient number of votes in favor of the propositiion to issue $20,000 SjC sewer bonds, and the question, therefore, failed to carry. The vote was 190 for to 151 against.
Front Royal, Ya.- Bond« Fbfed.- On June 14 this town
voted to issue $15,0Q0 bonds for the purpose of purchasing
ihe Kenner dam, on North River, where it is proposed to
erect a model electric light and power plant.
Georgetown, Ohio.—Bond Sale.-l'-j is stated that an issue
of $5,000 ii 10-year improvement bonds has been sold to the
First National Bank of Georgetown at 100 125.
Cllendale School District, Los Angeles Couutr, Cal.
Bond Sale,— On June 21 this district sold $10,0J0 5% school
bonds to the Los Angeles Trust Co. at 104 6}.
(jrand Rapids, Mich.— Bond O^ering— Farther details
are at hand relative to the offering at 4 p. m to-day (July 8)
of the $90,000 4i water-works bonds referred to on page
2614 of last week's Chronicle. Securities are in denominaInterest, semi-annually
tion of $1,000, dated July 1, 1904.
in Grand Rapids. Maturity, July 1, 1924, Bonds are coupon
in form, but may be registered if desired. An unconditional
certified check for $4,000, payable to the Treasurer of the city
of Grand Rapids, required.
Bids will be received by John
L. Boer, City Clerk.
(ilreene County, InA.—Bond Sale.—Oa Jane 4 $42,268 6%
&
K'ser,
re-dredging ditch bonds were awarded to M-'yer
ladianapolls, for $43,468. Denominations, $500, except one
bond for $368. Interest, semi-annual.
are informed that
GreenTllle, Miss.— Bond Sale.—
MacDjnald, McCov
Co., Chicago, have purchased at par
and blank bonds $30,000 5^ 20-year sjhool bonds of this city.
GreeuTille, Tex.- Bonds Voted. At an election held in
this city Jane 21 a proposition to issue $16,000 school-building
bonds carried by a vote of 181 in favor of and 8 against the
We
&
—
measure.
Gnelph, Oat. Debenture Sal'i.—O'. the six issues of debentures, aggregating $243,535 63, offered on May 3i, $193,Co, of To535 63 have been awarded to Aemilius Jarvis
ronto as 4>^s and $50,000 to the vVaterton Mutual Life Insurance Co. as 4>^9. See V.78, p. 2028, for desiription of bonds.
&
Uagan, Tattuuli County, Ga.— Bonds Voted.— Oa Jane 16
town voted to issue $7,500 bonds for the purpose of erecting a modern brick school building. It is stated that arrangements have already been made to place the bonds at 5%
this
Hud that the building will be commenced at once.
Hallock Independent School District No. 1, Kittson
Couuty, Miun. Bond Offering. Proposals will be received
until August 1, by N. P. Lundgren, Clerk of the Board of
Education, for $7,000 refunding school bonds. Maturity,
—
Sr^pt. 15, 1919,
Halstai,
Norman County, Minn.— Bond
O^eringr.— Pro-
posals will be received until 7:30 P. M,, July 25, by Ole O.
Sjordal, Village Recorder, for $7,000 water-works bonds.
Denomination, $1,0J0. Date, S^pt. 1, 1904. Interest semiannually at a rate not exceeding 6^. Maturity, ten years.
The village has no debt at present. Certified check for $100
required,
Uamilton, Ohio.— Bond Btd«.— We give below a complete
of the bids received Juae 31 for the $90,000 ^%i street-
list
July
THE CHRONICLE.
2, 1904.]
paving bonds awarded, as stated last week, to Denison, Prior
«& Co. of Cleveland and Boston
Prov. Sav. B'k & Tr. Co.. Cln 193,150 00
Denison, Prior & Co., Clere$94,668 00 W. K. Todd 4 Co.. Cincinnati 9-.i.960 (0
land and Boston
00 New l8t Nat. B'k.Colnmbus. 91.888 00
P S BriUKS & Co., CiDCln.... 9»,e50
LJknipreobt Bros.&CcCleTp. i)4,53ft 00 Weil. Roth A Co., Cincinnati. 91.878 00
91,br000
Harden. Miller » Co.. Cleve. 93.825 00 R. KIeybolte& Co.,Oincln... 9i,h5ii0(i
Fuller, Parsons & Snyder, „„„„„„, 8. Kuhn & Sons. Cincinnati...
:
Cleveland
Feder, Holiman
Un. Val. Nat. Bk., Hamilton. 90.950 00
Union B'k&Tr. Co., Cln
90,fc25 00
93.690 00
AGO., ClD.. OS.SCOlO
Bond Sale.— The Sinking Fund Commissioners have pur
chased at par the $1,200 4^^% 1-10 jear (serial) sanitary -sewer
bonds, described in V. 78, p. 24C0.
Bonds Authorized.— The City Council has authorized the
issuance of $25,000 gas-works improvement bonds.
Uardiu Conntj, Tax.- Bonds Registered.— On June 18, the
State Comptroller registered $59,0u0 5% 10 20-year (optional)
court-house bends. Date, April 10, 1904.
Hart fold, Conn.— Bond 5'aie.—0a June 39 the $1,000,000
3>^% 50-year gold coupon bridge bonds described in V. 78, p.
Co., New York City,
2455, were swarded to E. D, Shepard
at 102'43. Following are the bids
&
:
K. D. Sheparrt
Vermllye
&
Co.. N.
Y
& Co., Boston
& Co., Boston
102-43
102-249
Harvey Fisk & Sons and Blake
Bros & Co., New York
101-P3
I
.101-80
Orient Ins. Co. (for »76,000)
Farson, Leach & Co., New York.lO 1-775
Konntze Bros , New York
lOl'TTg
f»25",000..1oi-9''fl DoDoinlck & Domlnlck, N. Y....101'•69
jEtnaLlfelns'rancaJ 250.00).. 101 -967 Uenlsoa, Prior* Co., Cleveland
101-637
251,000.. 10r935
and Boston
1
Co., Hartford
350,000.. 101-912 N. W. Harris * Co., New York.. 101-543
Conn. Trust & Safe) |2f.0.000..10l-i4
& Co. (for
Probst, Wetzlar
101'9:<2
|5t0.u0n)
Oep. Co .Hartford i 250 000.. 101-20
100-913
Roy T. n. Barnes, Hartford.... 101-89 Fisk A Robinson, New York
HJsiaDrook
1021
.
I
.
.
B.L.Day A
Blodfiiet,
102-07
Co., Boston
Merrltt&Co.. Boston .10204
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Hartford (Conn.), Second North School Di&trlct.— Bonds
Authorized. This district has authorized the issuance of
$200,( 00 school bonds at not exceeding d%i interest.
Hastings (Neb) School District.— Boni Election.—
special election will be held July 5 for the purpose of submitting to the people the question of issulDg $40,000 10 20year (optional) high-school building bonds. Interest, not to
exceed 4)^^, payable semi-annually at the fiscal agency of
the State of Nebraska in the city of New York. E, W.
Hamen is Secretary of the Board of Education.
Hayana, III.— Bonda Authorized.— An ordinance, it is
stated, has passed the City Council providing for the issuance of $16,000 sewer bonds.
Henry County (P. 0. Nap* leon), Ohio.— Bond ffaZe.- On
Jute 28 the four iseufs of i}4i road bonds, aggregating $58,000 and described in V. 78, p. 2400, were awarded to Feder,
Holzman & Co., Cincinnati, for $68,968 tO. Ten bids in all
were received for these bonds.
Homestead, Pa.— Bonds Fofed.— This borough on June 21,
by a vote of 170 to 151, f nthor zed the issuance of $25,000
water and $30,000 building bonds.
—
Hcod RiTcr School
District, Wasco Connty, Ore.—
Bonds Voted.— At a special election held in this district June
20, twenty -five votes were cast in favor of and none against
the iesuarce of $13,000 bonds, $8,000 of which is to refund
outstanding indebtedness and $5,000 to defray the cost of a
new Echooi building.
Jackson Csicn School District, Slitb.— Bond Sale.— On
June 22 this district awarded $68,0t0 4iJ bonds to the Union
Bank of Jackson at 101 "301 and interest. Following are the
bids:
•|8=,885 00 Noble. Moss & Co., Detroit. .*Jfl8,4fl3 60
Union Bar k, Jackson
M,W. Harris* (Jo Cnicaao.. 69,108 40 Farson, Leach & Co..ChlcaBO.*''8,'^7Jackson City Bk., Jackbon...*Bt*.e80
B. H. Rollins & Sons, Chic... 08,2: 8 Oj
W.J. Hayes* Sons. Cleve. ..*«. 661 00 Denison, Prior & Co., (CleveI
(
.
(
R. Kleybolte&Co..Clnciu....*68,el2 00
*
—
A
5
I
land A Boston
People's Nat. Bk., Jackson.
.
*68,14280
*6t<,u0O 00
And accrued interest.
Maturity, |3,000 due in four years and $5,CC0 yearly frcm
1907 to 19iil, inclusive.
Jasper, Ind.— Bo/id 5die.— On June 13 this town sold an
issue of $12,000 i% electric-light plant bonds to the Farmers'
& Merchants' Bank of Jasper for $12,401 25, Denominatfons,
twenty of $000 and ten of $200 each. Date, June 15. 1904.
Interest, semi-annual. Maturity, $1,200 yearly.
Jcfi'eison Connty, Ala.— Bo7id» Fofed.— This ccuntv on
June 20 voted to issue $100,000 bonds to enlarge the court
house.
Jeiferson Connty, Texa?.— Bond* Registered,— An issue of
$20,000 i% 10-40 year (optional) bridge bonds, dated April 10,
1904, was registered by the State Comptroller on June 22.
Jopliii, Mo.— BoKds Voted Bonds Defeated,— At the election titld June 6, mentioned in V. 78, p. 23i7, the propotilion
to issue $26,00U 5^ 5-10-year (optional) funding judgment
bonds carried by a vote of 574 in favor of to 264 against,
while the propositions to issue $38,000 funding and $30,000
electric llptt-improvement bonds were defeated.
Bond (^jTerinp.— Proposals will be received until 3 p.m.
July 20 tor the above msntioued $26,000 5% 5-10-year (optional) funding judgment bonds.
E. C. H. Squire is City
Clerk.
Kibg Connty (Wash.) School District No. 143.— Bond
Sale.- On Jnne 4 $22,000 1-20-year (rptional) school-building
bonds of this district were sold to the State Board of Investment at par for 8^ per cents. Bonds dated day of sale. Interest, annual.
Koscinsko County (P. 0. Warsaw), Ind.— Bonds iVbf Yet
Sold.— Vfe are advised that the $1,566 57 6% Emanuel Swank
ditch bonds described in V. 78, p. 2029, have not yet been
disposed of.
Luke City, Mfch.— Bonds Voted.— Thla district has voted
to issue $B,UOO bigh-school-bailding bonds,
Lake Connty, Minn.— Bond Bids Rejected.— The following
bids, all of which were rejected, were received June 21 for
the $45,000 5^ court-house bonds described in V. 78, p. 2455
—
:
For 414 Per CenU.
& Sons, Cleve.
W.
I
117
J. Hayes
(less t$»«)
I
|
..|;4B.0C0CC
I
.MacDonald.McCov&Cc.Chl-
For 5 Per Cents ( Cotit.)
A. C. Case & Co., New York .146,850 CO
Security Trust Co., St. Paul.. 46,Kf2 00
Devitt, Tremble & Co., Chic. 45,900 00
John Nuveen * Co., Chic
45,ai5 00
Duke M. Farson & Co., Chic. 46,025 00
R. H. Uoodell, Chicago
46,000 00
.
.
46,000 00
cago (less »l,7!<6)
For 5 Per Cents.
W. J. Hayes & Sons, Cleve. 47,840 00
K. D. Shepard & Co., N. Y.... 17,335 60
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1
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Lhkewood, Ohio.— Bond O/feringf.— Proposals will be received until 12 M., July 16, by Henry J. Sensel, Village Clerk,
for the following bonds :
f 10,579 65 5% Warren Road paving improvement bonds. Maturity, 11,179 65
on Oct. 1, 1905, and $l,t00 j early on Oct. 1 from 1906 to 1914, Incusive.
3,083 16 6% North wood Ave. Fewer Improvement bonds. Maturity. $?33 15 on
Oct. 1, 1005. and 1300 yearly ou Oct. 1 from 190« to 1914, Inclusive.
Maturity,
10,179 06 b% St. Charles Ayerue pavlns: impruvement bonds.
tl,179 06 on Oct. 1, 1906, and f 1,010 yearly on Oct. 1 from 1908 to
1914. Inclusive.
3,24? 50 9% Granger Street grading and curbing Improvement bonds. Maturity. »&43 50 on Oct. 1, IfCS, and $300 yearly on Oct. 1 from 1906 to
1914. Inclusive.
6.776 59 6% Hopkins Avenue sewer Improvement bonds. Maturity, 1776 69
on Oct.l, 19U6; «fiC0 yearly on Oct. 1 from 1906 to 1911, Inclusive;
11,000 yearly on Oct. 1 from 1912 to 1914, inclusive.
30,000 00 6% Cllf on Boulevard i-idewalk bonds. Maturity, 13,000 yearly on
Oct 1 from 1906 to 1911, Inclusive.
6,555 86 6* Webb Road sewer improvement bonds. Maturity, $1,055 86 on Oct.
1. 19ii6; $600 yearly on Oct. 1. from 190eto 1912, Inclusive; $l,0^0on
Oct. 1. 1913, and *l.r00 on Oct. 1, lbl4.
0,088 46 b% Coutant Street fewer impiovement bonds. Maturity, $^68 46 on
Oct. 1. IMOfi; $60Uyearly on Oct.l from 1906 to 1912, inclusive; $i,C0O
on Oct. 1. 1W13, and $l,i 00 on Oct. 1, 1914.
4,432 92 6% Webb Road grading and Crainlng Improvement bonds. Maturity. tS^a 92 on Oct. 1, 1906, and $l0o yearly on Oct. 1 frcm IfcOO to
1914, Inclusive.
12,321 20 5% Cook Avenue paving improvement bonds. Maturity, ' 3,321 20 on
Oct. 1, 1H05, and $1,000 yearly on Oct, 1 from 19i 6 to 1914, inclusive.
6,60182 5% Newman Avenue sewer Improvement bonds. Maturity, $5ul 82
n Oct. 1. 1905; $600 yearly on Oct. 1 from li*06 to 1911. Inclusive;
$1,000 yearly on Oct. 1 Irom 1912 to 1914, inclusive.
2,868 CO 6% Cannon Street sewer improvement bonds. Maturity, $168 on
Oct. 1, lOO.'S; $2' yearly on Oct. 1 from 19ii6 to Itfll, Inclusive; $6t0
yearly on Oct. 3 from 1912 to 1914, inclusive.
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Bonds will be dated day of sale. Interest semi-annn^lly
on Ap; 11 1 and October 1. Certified check on a Lakewood or
Cleveland bank for 10^ of bonds bid for, payable to the Village Treasurer, required with bids for each issue, and the
purchaser must pay accrued interest.
Lancaster, Pa.— Bond O^eriwgr.— Proposals will be received until 12 M,, July 5 by Chester W. Cnmmings, Mayor,
at the office of J. H. Rathfon, City Comptroller, for $250,000
Denominations,
S^i coupon sewer-improvement bonds.
Date, Ang. 1,
$11)0, $500 and $1,0C0 to suit purchaser.
Interest, semi-annually at the office of the City Treas1904.
Matuiity, thirty years, subject to call as follows:
urer,
$25,000 yearly from twenty to twenty five years inclusive
after date of issuance and $20,000 yearly from twenty-six to
twenty-nine years after date— $20,000 not being subject to
Certified check for 2% of the amount
call before maturity.
of bonds bid for, payable to the City Comptroller, required.
The above bonds will be certified to as to genuineness by the
Trust Co. of
York City.
United States Moitgage
&
New
Leomfnf'ter, Mass.— Bond Sale,— It is stated that the Sinking Fund Trustees have purchased at 105'46 $50,000 i% hlghscbool- building notes of this town.
LeiiDgton, Y a.— Bond Sale.— It is stated (hat this city recently sold $60,000 4;« 10-30-year (optional) bonds locally at
par.
Lcg&n Connty, Okla. Bond Sale.— On June 11 an issue of
high-school bonds was sold to the Western Na$35,200
tional Bank of Oklahoma City at par and accrued interest.
Denomination, $3,20(). Date, Jnne 1, 1904. Interest, eemi-
H
ancual.
Maturity, one bond yearly en July
1
from 19C9 to
1924, inclusive.
An
e lee ion was held In
LonisTille, Ga.— Bontfs Voted,—
this city June 21, when a proposition to iseue $10,000 electricIlcht and water-improvement bonds carried almost unanimously, (here being only three opposing votes.
Lndtngton, Mich.— Bond Offering.— We are advised that
c ffering
$aO,000 street-improvement bonds for
sale.
DA^e, May 1, 1904. Denominations, one of $2,000, one
rf $3,000 and fifteen of $1,000 each. Samuel G. Martin is
this city is
City Clerk.
Bonds Voted.- At a recent election the issuance of $50,000
public improvement bonds was authorized.
.flcKtnney, Tex.— Bends Voted.— At an election held in
this city Jure 14 a proposition to issue $8,000 electric-Ughtplant bonds was carried, the vote being 240 in favor of and
25 against the measure.
MacoD, Miss.— Bonds Voted, Thiscity on June21 anthorfzed the issuance of $12,000 electric light-plant bonds.
Macon (Mo.) School District.- Bond Sale.-The $45,000
41^% bonds tffered on June 1 and described in V. 78, p. 1568,
have been awarded, according to reports, to Geo. M. Brinkerboflf of Springfield at 102-32.
—
Madison County,
I
offered but did not sell
nd.— Bonds Not Sold.—Thla county
on June
an issue of $2,100 6% gravel-
6
road bonds.
District, Clinton Connty, lad.— Bond
Mac Donald, McCoy & Co., Chicago, have been awarded
Madison School
.9a(e.-—
at par an issue of $25,000 5% school bonds. Securities are
dated July 1, 1904 and the interest will ba payable semiannually at the Chicago Title
Trust Co., Chicago. Maturity, $5,000 yearly on July 1 from 1905 to 1909, inclusive.
Mahoning County (P. 0. Yongstown), Ohio.— Bond Offerirgf.~ Further details are at hand relative to the offeiing ou
July 6 of $25,000 4>^!J Carson Bridge bonds. Proposals 'or
these bonds will be received until 10 A >i. on that day by tbe
&
County Commissioners, Marcus Westerman, Cbairman. Denomination, $1,000.
Date, July
6,
1904.
Interest,
March
1
at the office of the Connty Treasurer. Maturity,
$1,000 Sept. 1, 19f 5, and $2,000 yearly on Sept, 1 from 1906 to
Certified check on some bank in Maboning
1917, inclusive.
County, for $500, payable to F. A. Hartensteln, Connty
Bnd Sept.
1
THE CHRONICLE.
118
Treasurer, required. Bids to be unconditional.
ard is County Auditor.
W.
R, Leon-
Haldeo, Sl&w.— Temporary Loan.— A temporary loan of
was recently negotiated with George Mixter of Bjaton at 2 9Si discount. The following offers were made
$180,00<»
:
0«o. Mlxtcr. Boston
Parkinson * Uurr, BoBton
Blake Bros. 4 Co.. Boston
2'0S»
I
Jackson
3'03)t
8'04*
a-08»
LonuR.Toliuan ATuppor, Bost..
Lee, HlKKinson
&
4
Curtis.
Co.. Boston... 8'f'8<
Boston
Bond 4 Oooawln. Boston
I
8"08)l
3"0yil
—
JfansOeld, Ohio.— Bonds Authorized. The City Council
7 passed an ordinance providing for the iesnanoe of
on June
and |5,800 5% third sewer disDenominations from |100 to $i00. Interest.
March 1 and S.-pt. 1. Maturity, from one to five years.
Marengo, McUenry Conuty, HI.— Bond Sale. This city,
we are advised, has sold the |4,600 6^ coupon assessment
bonds described in V. 78, p. 2455
$2,200 5« first sewer district
trict bonds.
—
Marliielte County (P. 0. Marinette), Wis.— Bond 0/erThe County Board of Supervisors on June 7 passed an
ordinance authorizing the issuance of $75,000 i% coupon gold
asylum bonds, Proposals for these bonds will be received
until 9 A, M., July 6, at the "Hotel Marinette." DenominaDate, July 1, 1904. Interest annually at the
tion, 11,000.
Corn Exchange National Banfr, Chicago, III. Maturity on
July 1 as follows |3,000 in 1905 and in 1906; $4,000 in 1907
and in 1808; |5 000 in 1909 and in 1910; |6,00a in 1911 and in
ing.
—
The state Board of (nveiitinont hai; loaned ainoe Jan. I, I90t. $265.425 47, of whtob $130,150 wan loaned yesterdar. A'l loann except
those on county dralnairn bondH b«ar 4 per cent Inierent; drainage
loan8 liear 3 per cent. Of the snnn loaned yesterday SBIOO.OOO wae to
Otter Tall County to refund o!rt bor.d". A loan of $3,000 was made
South Harbor Townablp In MlUe Lacs Ooanty and $2,500 to KroXownRblp In Kanabeo Ooanty. Loans to school dUtrlcts follow:
Independent No. 1, Le Sueor. ..|12,OrO District No. lOJ. Murrsf
... $950
District No. 1, Ramsey County.
6.C00 Ulotrlct .No. b^, Hubbard
800
U. strict No. 9, KauabPC
650
6,000 District No. ^^ Hed Lake
District No. 7. Crow WIok
000
2,000 Dlctrlct No 32, Kandiyonl
to
Bobel
i
DiBtrlot
District
DlBtrict
District
District
&
No. 156. QiterTail
No. 83, Yellow Medicine
No. 6H, Hubbard
No. 50. Cottonwood
No. Iv6, .Murray
600
600
400
400
400
District No. 8» Bwift
Disirlct No. 100 8iearoe
District No. 19, B^utoa
l.'OO
l,OiJO
1,000
1.000
Mstrict No.
Hubbard
tiO.
District No. 71, Aitkin
900
Moline (lU.l School Di8trlct.—Bi'i«.— Following are the
bids received Jane 31 for the $27,000 bonds of this district
awarded, as stated last, week, to the First National Bank of
Moline, the pii je paid being 101 651 for 4J^ per cents :
For 6 Per CenU iCont.)
For 1^ Per Ccnit.
Chic. 127.900 00
cago. 27,8^7 00
27,801 00
Sea8oni;ood4 Mayer, Cln. ... 27.7tMI 60
<i. M. Becntel 4 l,o..DaVport. 27.7t6 00
27,703 00
Well. Hoth 4 Co Clncin
Browne-Ellinwood Co., Cblc. 27.66.'<00
Jobn Nuveen 4 Co., ChlcaKO. 27,608 00
Karson, Leacb 4 Co., Cblc... 27,55u 00
R. Kleybolte
W.
I
J.
Hayes 4 Sons. Cleve..
.
.
27,87150
caco
& Co..
4 Co.. tb
liuke M. Karson
First Nat. Bank. Moline
127,446 00
N W. Harris * Co.. Cblcasro. 27.84M00
Squire & Annls.Coun. Bluds. a7,000 00
for 5 Per Ve.nta.
«. H. Rollins & Sons. Cblc... 28.020 00
38.0 lO On
First Nat. Bank, Chicago.
N. W. Harris & Co., Chicago. 27,921 GO
MaoDonald, AloOoyA Co.,Cbl-
Mooerg Union free School District No.
:
1912; $7,100 in 1913 and in 1914; |8,000 in 1915 and 1916, and
$9,000 in 1917. Elmer Grimmer is is County Clerk.
Marion, Vbio.— Bond Sale.— On June 6 the $11,000 5% refunding bonds described in V. 78, p. 1923, were awarded to
W, R, Todd Co., Cincinnati, at 100 577 and interest. Following are the bids:
W. R. Todd 4Co.. Clncln.... $11,063 50 New Ist Nat.B'k,Colnmbng..$11.015 00
Well. Roth 4Co.. Cincinnati. 11,056 uO Sec. Sav. B'k4 Tr.CcToledo 11,015 00
Hayden, Miller 4 Co., Cleve. 11.U15 00
Marion County (P. 0. Indianapolis), Ind.— Bond Offeringf.— Proposals will be received until 12 M., July 26, by
Cyrus J. Clark, County Auditor, for $170,000 of the
issue of coupon bridge bonds mentioned in V. 78, p. 2455.
D.ite, July 1, 1904.
Denomination, $1,10). Interest, at the
rate of S)^^, payable semi-annually at the banking house of
Winslow, Lanier «fe Co,, New York City. Maturity, July 1,
1924.
certified check for 3^ of the par value of said bonds,
drawn on an Indianapolis bank and made payable to the
Board of County Commissioners, required with each bid.
Bidder is also required to file affidavit that be has not entered into collusion with other bidders.
Marsiialltiiwn, Iowa.— Bond 6'afe,— This city on June 20
awarded to Geo. M. Bechtel
Co., Davenport, $18,000 i}4%
funding bonds at par. Denomination, $1,000. Date, July 1,
[Vol. lxxix.
3,
— We give below
Clinton
the bide rec'-ived June
23 for the $9,575 i% school bonds described in V. 78, p. 2615.
The award, as stated last week, was made to the Plattsburgh
County, N. Y.—Bids.
National Bank.
Piattsburgh National
M. Hann. New
Wm.J. Hancroft
'»eo.
*
Bank
10185
I
100-76
iTork
1C0104
I
City National
Bank...
Mercbaats' National Bank
W. J. Hayes 4 Sons. Cleve
lOO'Ol
1' 0-00
»100-00
Less expenses of examination Into legality of Issue.
I
I
A
&
Interest, semi-annual.
Maturity, part every other
year on July 1 as follows
$3,000 in the years 1906 and 1908
and $4,000 in the years 1910, 1912 and 1914.
Maryland.- Bond aale.—Oa June 1 the $825,000 3i^«
coupon building bonds described in V. 78. p, 2401, were
awarded $10,000 to the New York Clothing House of Baltimore at 103 and $815,000 to Wolf Bros, & Co, of Philadelphia
1904,
:
at 102'165.
Matteawan, N. Y.—Bond Sale.-Oa June 29 the $125,0C0
sewer bonds described in V. 78, p. 2615, were awarded to
Isaac W. Sherrill of Poughkeepsle at par and interest for 3-70
per cents. An offer of par and interest for 3 753 was made
by N. W. Harris & Co. of New York City.
MaxTllle, Oat.— Debenture Offering. Proposals will be received until 12 M., July 15, by D. P. McDiarmid, Village
Clerk, for $5,000 i% school debentures, maturing within
twenty years from Aug. 1, 1904,
Maysville, Ky.— Bonds Fo^ed.-This place on June 28 voted
to issne $12,0(;0 sewer bonds.
—
Mercer Conuty (P. 0. Celina), Oliio.— Bond Offering.—
Proposals will be received until 1 p, m., July 16, by the
Board of County Commissioners, care of T. A. Weis, County
Auditor, for $40,000 5i bridge bondj. Denomination, $1,00U,
Date, Aug. 1, IfcOl, Interest, semi-annually at the office of
the County Treasurer. Maturity, $1,000 each eix months
from Aug. 1, 1905, to Feb. 1, 1925, inclusive. Blank bonds
to be furnished by the successful bidder. Deposit of $E0
required with bids.
)
Mesa, Maricopa County, Ariz.— Bonds Not Sold- Bond
Offering.— "We are advised that all bids received on June 14
for the $3,500 5<? 20-year road bonds described in V. 78, p.
2347, were rejected as being unsatisfactory, and that proposals will be again received for these securities, this time
uQtll Angust 2. J. H. Pomeroy is Town Clerk.
Middlesex County, N. i.—Bond Sale.-Oi June 14 this
county sold two issues of
road bonds to the New Brunswick Savings Institution, $48,000 at 101'91 and $15,500 at 1(3,
Date, July 1,1904. Interest, semi-annual. The $15,500 issue will
mature one bond of $500 on Jan. 1, 1931, and one bond of
$1,000 yearly thereafter.
The $48,000 issue will mature
yearly on January 1 as follows; $2,000 in 1912, $3,000 in 1918
and $5,000 yearly from 1914 to 1921, inclusive, except in the
years 1915. 1919 and 1921, when $6,000 will mature.
Midland, On\.— Debenture Offering, Proposals will be re
ceived until 8 p. M.. July 11, by Thos. I. Trueman, Town
Treasurer, for $8,000 A%<i 30 year electric-light-pxtension debentures. Interest will be oayable annually on Dae. 15.
Milton, Mass.- Bond Sale.—Oa Jane 38 the $10,000 4? 1 10year (serial) registered sewer bonds described in V. 78, p.
2615, were awarded to Merrill, Oldham & Co,, Boston, the
price paid being private.
Miunesota.- 5t'ftooi Loans. We take the following from
the "St. Paul Pioneer-Press" of June 14, 1904:
H
—
—
Mora, Minn.— Bids,— Following are the bids received June
17 for the $ 2.000 water bonds awarded, as stated last week,
to U. M. Stoddard & Co. of Minneapolis
:
For bH Per CmtM.
Per Genu
V. M. Stoddard & Co.,Minn .»$12,025 00 V. M. Stoddard s Co., Mlnn..$12,240 00
12,215 00
C. A. Boalt 4Co., Winona ...'la.OlO 00 K.ine4Co, Minneapolis
Minn. Loan & Tr. Co., Minn. 12.000 00 Trowbridge 4 Niver Co..Cblc. 12,120 00
For Per CenU
W. J.Hayes 4 ijons, Cleve... 18,562 00
* Accrued Interest and blank bonds free of charge.
For
5^
.
.
I
Monltrle, 9&.—Bond Sale.—The $25,000 5% school bonds
voted last January have been sold at 104-04 to a Chicago firm.
Mount Fernoa, N. Y.—Bond Sale.— Oa June 27 the $110,000 i% refunding boads described in V. 78, p. 2401, were
awarded to Dominick & D )miniok of New York City at
103'41 aaa iaterest.
Following are the bids:
Domlnlck 4 Domlnick.N.T.Ill 3.751 00 Kountze Bros.. New York... Jll 2.234 10
111.7f)5C0
Geo. M. Hahn, New York... 113.443 00 W. B. Todd 4 Co., N. Y
1
I
rarRon.Leach4Co.. N. Y..
«.
W.
Harris
4
118.212 00
Co., N. Y.... 112,789 00
I
Jno. D. Bteritt
4 Co.,
N. Y. 111,65)00
I
—
Mount Yernon, Ohio. Bonds Authorized. The City
Council on Jut^e 13 passed an ordinance providing for the
issuance of $2,500 6^ 1-5-year (serial) dyke bonds. Djnomination, $B05. Date, Aug. 1, 1904. Interest, semi annually
at the office of the City Treasurer.
Mnsfeegon, Slicb.—Bond Sale Confirmed.— The City Recorder confirms the reported sale of $10,000 5^ refunding
water bonds to Spitzer A. Co. of Toledo, reference to which
was made In last week's Chronicle.
New Albany (Ohio) School District.- Bo>td Sale.-Oa
June 14 $8,600 6% school-building bonds were awarded to the
New First National Bank of Columbus for $8 695, Danomination, $500, except one bond for $1,000. Dite. April 30,
Maturity, $1,000
Interest, March and September.
1904.
Sept. 10, 19 4, and $500 semi annually thereafter until paid.
Newbarjport, Mass.— Bond Sate.— The $343,000 ^14% water
bonds offered but not sold about a ^ear ago have been placed
Co, of New York City at par.
with N. W. Harris
New ijEstle, Pa.— Bonds Authorized.— The City Council, it
is stated, has decided to issue $50,000 bonds to repair damages inflicted by a recent cloud-burst.
New Kcchelle, N. Y.— ^ori-i O^ering-Prooosals will be
July 5, by Charles K*mmermeyer,
received until 8 p. m
City Clerk, for $56,000 4| registered Iccal-improvement
bonds. Denomination. $1,000. Date, Jane 1, 1904. MaturInity, $3,000 yearly on May 1 from 1906 to 1933, inclusive.
Certified
terest semi-annually at office of City Treasurer.
check on a national bank of New York City or a national
b ink or trust company in New Rochelle for $2,000, payable
Puichasers must pay acto the City Treasurer, requirtd.
crued interest. Bidders mast use printed form of proposals
furnished by the City Clerk.
Co., New
These are the bonds awarded to R. Kleybolte
York Citv oi May 31, but the Corporation Counsel subsequently declared that the issue had not been properly adverThe bonds are now being re-adtised in the official papers.
vertised, to remove all doubt as to their legality.
&
,
&
Norfolk County (P.O. Uedhani), !IIL&%».— Loan Awarded.
$112,000 temporary loan notes maturing July 1, 1905,
offered on Jane 2S, were awarded to Blake Bros, & Co. of
Boston at 3'84j:. One other bid was received, an offer of
3 89^ made by Jackson & Curtis of Boston.
Northampton, Mass. Tempirary Loan. This city has
borrowed $75,003 from Parkinson « Burr, Boston, at 3 06;^
—The
—
Loan was made in anticipation of the collection of
taxes and will mature Nov. 24, 19 J4.
Oakland, Neb —Bonds Voted.— At an election held in this
city June 21 the proposition to issue $7,000 lighting-plant
bonds carried by 37 majority.
Oberlin, Obia.— Bo?id Offering —Proposals will be received
until 2 p. M., July 18, by the Mayor, for a $700 6;^ sewerage
interest.
and drainage bond dated Aug.
1,
1904,
and maturing Aug.
J
: :
July
2,
THE CHRONICLE.
1904.
Cash or certified check on an Oberlin bank for |100
C. H. Snyder is Village Clerk.
OeoaTille Independent School District, Bell Conntj,
TeJ-AS.— Bonds Begistered.—Oa Jnne 18 the Attorney- General approved for registration $3,000 5% 15-20-year echoolhonse bonds of this district. Bonds are dated Jane 1, 1904,
and were registered by tbe State Comptroller on June 24,
Oneida, S, Y.—Bond Offering —PtopoBais will be received
until 8 P. M., July 13, by C. M. Ruggles, City Clerk, for $5,000
4% sewer-repair bonds of |500 each and $3,000 4% paving
bonds of $300 each. Securities are dated July 1, 1904, and
the interest will be payable April 1 and Oct. 1 in New York
Cry or in Oneida. Maturity, one bond of each issue yearly
on April 1 from 1906 to 1915, inclusive. Certified check for
Rosendale, Ulster County, N.
1906.
1
required.
10? cf bid, payable to the City of Oneida, required.
119
Y.—Bond
Offering.— John
McCabe, Village Treasurer,
will offer at public sale at one
p. M July 20, $40,OCO l-20year bonds, issued for the purchase
of the plant of the Rosendale Water Works Co.
Interest
not to exceed 5 per cent. Denomination, $' ,000. Date, Aug.
Interest, semi- annually at the Kingston National
1, 1904.
Bank. Maturity, $2,000 yearly on Aug. 1 from 1905 to 1924,
inclusive. At least lOjf of the purchase price will be required of the successful bidder at time of sale.
Rusk (Texas) Independent School District.— Bond Election.- An election will be held in this district on July 8 for
the purpose of voting on the question of Issuing |14,O0O i% 40year school- building bonds,
F.
Saginaw, Mich.— Bond SaJe.- On June 25 the $110,000 4%
street-paving bonds described in V. 78, p. 2402, were awarded
to Blodget, Merritt
Co., Boston, at 100-834 and interest.
Following are the bids:
&
Orcbard Mesa Irrigation Dii^trlct, Colo.— Sond Offering.
—Proposals will be received until 2 p. m., July 20, by H C.
Wagner, Secretary board of directors, P. O. Grand Junction, Blodjjet, Merritt & Co.. Bost.|110,9i7 40 Albert C. Case. New York... $110,380 00
Konntze Bros., New York.. 110 848 10 a. H. Rollins & Sons, Cblc. 110,805 00
Cclo., for $176,000 &% irrigitation bonds. No bid of less than W. J. Hayes & Sons, Cleve.. 110,812 00 Second Nat. Bk., Saginaw... 110.160 00
^5 will be considered. Denominations, |100 to $'500 to suit
St. Catharines, Ont.— Subsidy Foied.- This city on Jane
parchasers. Interest, April 1 and October 1. Certified check 22 adopted a bylaw granting $20, COO in aid of the Niagara
Treasurer,
required.
These
District
to
the
for $1,000, payable
Qaeerston & St. Catharines Electric Railway.
bonds are authorized bv Chapter 87, L iws of 1901.
St. Marys, Ohio. —Bond Ojferinc/.— Proposals will b 9 rePendleton School District Mo. 16, Dmatllla Ctinnty, ceived until 12 M., July 35, by F. F. Ascbbacher, City AudOre.-^ond!Sfa/c.— On June 15 the $60,C03 4l4<i 10-20-year itor, for the following b jnds
(optional) school-house bonds described in V. 78, p. 2402,
$6,600 t% 1-10-year (optional) West Spring Street Improvement bonds.
were awarded to A. D. Stillman, agent for the fraternal order
5,500 t>i 1 10- year (optionHl) West High Street improvement bonds.
6,500 5< 1-10-year (optional) Sturgeon Street improvement bonds.
100*542.
Following
are
the "Woodmen of the World," at
5,500 b% 1-10-year (optional) Augustus
|
I
:
the
Street
.
I
Commercial Nat.Bk.,Pendleton.f 60,300
I
Mr. Stillman's offer was considered the best, as he agreed
to take $10,000 of the bonds on July 1, $20,000 on Sept. 1,
$20,000 on Oct. 1 and $10,000 on Nov. 1, thus saving the city,
it is estimated, about $535 in interest which would otherwise
accrue up to Nov. L Rollins & Sons stipulated that the bonds
should be delivered to them in Chicago, which wonld have
cost, it is stated, about |50.
Feshtigo, WiB.— Bond Sale.— On June 25 $30,000 5^ sewer
bonds were awarded to Rudolph Kleybolte & Co., CincinDenominations, $250, $500, $750 and $1,000.
nati, at 105'075.
Date, July 1, 1904. Interest, semi annusil. Maturity, "average 13J^ years."
Fetrulea, Oat.— Cebenture Sale.—Oa June 13 the $10,005 57
i^i local-improvement debentures described in V. 78, p.
2348, were awarded to G. A. Stlmaon & Co. of Toronto for
$9,910 50 and accrued interest. The only other bidder was
the Dominion Securities Corporation, Ltd., of Toronto,
which offered $9,824 and accrned interest.
Pi qua, Ohio.— Bonds Authorized.— An ordinance passed
the City Council on Jnne 20 authorizing the issuance of
$14,000 43^^ coupon public-building bonds. Denomination,
$800. Date, Aug. 1, 1904. Interest, semi-annually at the Importers' & Traders' National Bank, New York City.
Maturity, Aug. 1, 1924.
Plain City (Ohio) School District.— Bids.— Following are
the bids received June 15 for the $4,500 5% school bonds
awarded, as stated two weeks ago, to Hayden, Miller & Co.
of Cleveland
Hayden, Miller & Co., Cleve.»$4,7»0 70 W. R. Todd * Co., Clnclnnatl,*$4.727 00
BeasonKOOd ik Mayer, Cinoln..*4,777 75 Onion Sav. Bk. & Tr. Co., CIn.. •4,725 00
A. Kleybolte & Co.. Clncla.... 4,770 00 LamDrechtBros.& Co., Cleve.*l,70l 00
New IstNat. B'b:, Columbai... 4,665 00
And Interest.
Puhlitz, Roseau County, Minn.— f^ond OJfcringr - Proposals will be received until 2 p. M., July 14, by Charles
Peterson, Town Clerk, for $5,000 15-year bonds. Authority,
Section 36. Laws of 1903.
Danomiaation, $1,000. Date,
•
Aner. 15. 1901.
on
Improvement bonds.
hirip;
$60,826
A. D. stillman....
B. H. RolllQB & Sons. Chicago. 60,330
Dec.
Interest, not exceeding
6;^,
payable annually
1.
Portland, Me.— Temporary Loan.—The $100,^^00 temporary loan notes maturing Oct. 1, 1904, were awarded on June
30 to Edwin D. Lsvinson at 2705^ discount.
Baiuy River, Out.— Debenture Oifering.—T. P. Morton,
Town Clerk, is offering for sale $25,000 5% school debentures,
All the above securities are in denomination of $500. Date,
July 1, 1904. Interest, March 1 and September 1. Certified
check for 10^ of the amount of bonds bid for, payable to the
City Treasurer, required with bids for each issue.
Bonds Voted.—ThiB village recently voted to issue $7,000
deficiency bonds.
Salida, Colo.— Descripfion of Bonds.—The $10,000 water
bonds which we stated in the Chronicle June 25 had been
sold to the First National Bank of 8alida were taken by that
institution at par. Denomination, $1,000. Date, July 1, 1904.
Interest, semi annual.
Maturity, 15 years, sub j act to call
after 10 years.
Sandusky, Ohio.— Bonds Authorized.—The City Council on
June 20 passed an ordinance providing for the issuance of
$12,000 4^ 9-year refunding bonds. Denomination, $1,000.
Date, Aug. 1, 1904. Interest semi annually at the office of
the City Treasurer. On the same date another ordinance,
providing for the issuance of $32,000
10-year street-paving
bonds, was passed. Denomination, $1,000. Date, Aug. 1,
Interest, semi-annual.
1904.
Bonds Not Sold.— No bids were received June 27 for the
6-year Columbus Avenue Slip improvement bonds
$5,500
described in V. 78, p. 2348.
San Marcos, Texas.—Bonds Regi»tered.—Oa June 23 $3,000
10-40-year (optional) street and alley bonds, dated May 1,
1904, were registered by the State Comptroller.
Seaford, Del.— Bond 0#ert«gf.— Proposals will be received
until 8 p. M July 19, by E, F. Prettyman, Town Treasurer,
for $10,00J i% 10-30-year (optional) bonds authorized by an
Act of the State Legislature approved Feb. 26, 1903. Danomination, $1,000.
Date, July 1, 1904.
Interest, semiannually at the First National Bank of Seaford. Bonds are
free from all taxes.
Certified check for 2% of the face value
of the bonds bid for, payable to the Town Treasurer, required.
Sharon (N. Dak.) School District.—Bonds Voted-Bond
Offering.— On June 7 this district, by a vote of 67 for to 19
against, authorized the issuance of $4,000 4<{ school-house
bonds.
are advised that the bonds will probably mature
in ten years, not being subject to call. Proposals will be received at any time for these securities.
H
a
a
,
We
Shepard (Ohio) School District.- Bonds Fo^cd.— At a
June 24 the question of issuing $12,000
school-house bonds carried by a vote of 43 to 31.
South Sharon, Pa.— Boncis Voted.— On June 7 the question
matuilDg part yearlv for thirty years.
Kavenna, Ohio.— Bond* Fo^ed.— On June 18 the people of of issuing bonds not exceeding $100,000 in amount for street
this town voted to issue $40,000 trunk-sewer bonds. 715 improvements and sewering was voted upon in this borough;
271 votes were cast in favor of and 97 against the proposition.
votes were cast in favor of and 233 against the proposition.
Spalding, Aitkin County, Minn.— Bond 0/erinfl'.— ProBidiey Park, Pe.—Bmd» Foied.—Tbis borough has voted
to iseus $8,000 bonds for sewers and $17,000 bonds to pay off posals will be received until 2 p. m July 20 by Oacar Sundspecial election held
,
outstanding indebtedness.
Robertson Coanty, Texas.— Bonds Registered, The State
Comptroller on Jane 20 registered an issue of $1,999 99 4%
5-20-year (optional) bridge-repair bonds, dated May 15, 1904.
Rochester, N. ^ . -Temporal y Loan.— This city on June 29
awarded tbe $260,010 one-montn local improvement notes to
the Rochester Trnst & Safe Deposit Co. at 2*31jf. Following
are the bids
Rochester Tr. & Safe Dep. Co
2'3l!t
r.ee Austey ($7 premiam)
3"C0j{
K. E. JeiinlBOn. New York
'Zm% Alliance Bank, Rochester
3'COjt
Rboades & Richmond, »10
.ik prem.3
3-20S
nrom q-nn*
00» jiecurlty Trust Co., Rochester
}
Blake BroB. & Co
Broadway Sav. Instllutlon, N. Y S-50il
Rocky Rirer, Ohio.— Bond Sa/e.-Oa June 23 the $4,000
5% road improvement bonds d-scribed In V. 78, p, 2348, were
awarded to Hayden, Miller &C>., Cleveland, at 102'74 and
interest.
Following are the bide:
—
)
Hayden, Miller
W. R. Todd A. Co., Clnolnnatl'f4.083 00
A. Kleybolte & Co.. Olucln. ...+4.0H0 OD
LHiiiorenht. Bros. &C()., thieve. 4,inn i!0
Received too late to be considered, t Certified obtck not enclosed, as re-
Feler,
A,
Co., Cleve. .Il.ino 60
4,120 00
lloUman A Co.,Clu..
I
.
I
•
quired.
Kolfe (Iowa) Independent School District.- «o.d Sale,
are advised that the $lO,00't i}4i school-ballding bonds
described in V. 78, p. 18 U, have bsen sold to Geo. M. Bechtel
<& Co., Davenport, a^. par.
—We
Town
Clerk (P. O, Grayling), for $4,000 6^ road bonds,
au'horizsd at an election held Jane 14, 1904. Date, July 1,
1904 Denomina'ion, $300, except one bond for $100. Interest,
annual. Maturity, $300 yearly on July 1 from 1905 to 1917,
inclusive, and $100 on July 1, 1918.
Springfield (Ohio) School District. -Bond O^erinflf.— The
Board of EJucatim— Oliver H. Miller, Clerk— will offr-r at
public sale h* 8 p. m., July 18, $10,OtO 4<J coupon echool-bnildiDg bonds. Djnomiuation, $1,000. Date, 'lay of sale. Interest pemi-annually on March 1 and Ssptei2jb3r 1 at the office of
the District Trt^asurer. Maturity, Sept, 1, 1915. Authority,
Section 3,994, Revised Statutes of Ohio. A New York draft
for $1,000 required of each bidder,
Stanley, Wis.— Bond O^ering.— Proposal?, it is stated,
will be rfceived until 2 p. M. to-day (July 2) for $25,000 5^
1-lfl-vear (seriHJ) high school-building bonds
Sf l.^canga, Tatladega ( ountf, Ala —Bond Offering.— Thin
berg.
otfering for sale at any time, through its attorneys,
Dryer, of Talladega, an issue ot $34,000 5i^i 80v^ar gen^ral gold coupons, Denomiaatioo, $500. Date, July
Interest eemi-annnally at the National Park Bank.
1, I9f4.
New York City. Bonds are free from city taxation and will
be ready for delivery on and after July 1, 1904. Authority,
city
is
Whitson
&
THE
120
chroniclp:.
Valley Fails (N. Y.) School District No. 11.— Bond Sate.
June 25 the 14,000 4? sohool-buiiding bonds described
Section 8 of the Act aprroved Feb. 2?, 1931, Sesaion Acta of
Alabama 1900-01, p. 1589, The city haa no ontstanding IndebtednePB at the present time. AeeeBsed value of taxable
properly in 1803 was $352,488; actual value about fSOOOOO.
—On
in V. 78, p. 2818,
Ulstrlct, Texas.- Bond Fale.—Thia diahas sold at 90 to Anderson County |1 500 i% 20-40- year
(optional) pthool-honse bonds. Securities are part of an
issue of $7,000 bonds registered by the State Comptroller on
May 17, of which amount $5,500 was at that time taken by
the State f'eimanent School Fund as an investment.
Walla Walla County, Wash.— Bond SaU.-Oa June 13
county sold |10,000 5-10-year (optional) funding and
buildinp brnds to the State of Washington at par for i% per
cents.
Date, June 13, 1904. Denomination. $1,000. interthis
Terminal School DIstiict, Los Angeles County, Cal.—
Bond Hale.- On June 21 the $5,000 5% school-building bonds
Warsaw
(Ind.) Schcol Dlgtrlet— Bond OJferfngr.— Proposals will be received until 12 m., July 15, by Bertram
Shane, Attorney, for $34,000 ii high-school bonds. Denominations, $20,000 of $1,000 each and $14,000 of $500 each.
Dat*^, Aug. 1, 1904.
Interest, semi-annual.
Maturity, Aug.
1, 1914, the twenty-eight $500 bonds, however, being subject
to call after Feb. 1, 19C9.
Bonds are tax-exempt. Bonded
debt, this issue. Assessed valuation, $1,750,000.
Washington, Pa.— Bond O^ertwg.— Proposals will be received until 7:30 p. m., July 5, by the Town Council of this
borough, for $170,000 bonds. J. K. Weir is Secretary of
Council.
1-8Washington Coanty, Pa.- Bond Sale.-The §30,000
year (serial) road improvement bonds offered on June 1 have
been disposed f f to N. W. Harris
Co. of New Ycrk City.
See V. 78, p. 1981, for description of bonds.
Wat kins, N. Y.—BondCfferirg —Proposals will be received
until 2 p. M., July 20, by C. M. Woodwsrd, Secretary Board of
Water and Sewer Commiesioaers. for J20,000 i% electric- light
bonds. Authority, Chapter 421, Laws of 1904. and vote of
341 to 39 at election held March 2', 1904. Denomination,
Interest, semi-annually in April and Ootober at the
11,000.
Knickerbocker Trust Co., New York City. Maturity, Oofc. 1,
1924.
Bonded debt, including this issue, $115,000.
Webster (S. Dak.) Independent Schcol District No. 101.
- Bond f^ale
June 28 $5,000 5% refunding bonds were
awarded to David Williams of Webster at 104'02. DenomiEation, $500. Date, July 23, 1904. Interest, semi-annual.
Maturitv, July 23, 1924, suVject to call after July 23, 1914.
West H( boken, N. J.— Bend Sols.-On Jane 29 the $150,000 ii S( hool bonds described in V. 78, p. 2405, were awarded
H
H
&
&
—On
—
^600,000
KANSAS CITY,
annual.
est,
authorized at the election htld May 17 were sold to the Los
Acgeles Trust Co. at 102 60.
Thief KiTer Falln ladfpendent School District No. IS,
Bed Lhke County, Minn.— ^ond Offfring —Proposals will be
received until 12 m., July 15, by Perl W. Maybe, District
interClerk, for $6,800 refunding bonds st not exceeding
Dfnomlnation, |500. Date, Aug. 1, 1904, Interest, anest.
nual. Maturity, Aug. 1, 1914.
Tild(n (Neb.) School Dist. No. 80.— Bonds Not Sold—Bond
Offering,— No satisfactory bids were received June 25 for the
Propo$6,000 5% coupon bouds described in V. 78, p. 2468.
eals are again asked for, bids to be opened on July 11.
Toledo, Ohio.— Bonrf* Proposed.— The Mayor and the
Board of Put lie Service recommend the issuance cf $500,000
purification plant bonds. The City Council is coDsidering
the matter.
BoKdSa/e.- On June 29 the |2,417 09 i% sewer bonds described in V. 78, p. 2404, were awarded to the Merchants' National Bank of Toledo at par and interest. This was the only
bid received.
Traverse City, Mich.— Bond Election.— On July 5 the
question of issuing $20,0C0 water- works-extension bonds will
be voted upon in this city.
Troy, N. Y.— Temporary Lean. This city has sold an issue
of $200,000 revetjue bonds to Blake Bros.
Co. of New York,
the price p&id being |5 premium for SJ^ per centp. These
bonds are temporary securities, maturing Oct. 20, 1904.
Utica, Mich. Bonds Voted. This village on June 20, by a
vote of 125 to 25, authorized the issuance of $20,000 waterworks bonds.
R.
Sealed proposals will be received by the undersigned, the llayor and the City Comptroller of Kansas City. Missouri, until JULY n, 191 4,
O'CLOCK, P. M., for the purchase of all or any part
of 1600.000 four per cent Waterworks Coupon
Bonds of the City of Kansas City, Missouri, bonds
to be of the denom'nation of »l,000each, to be dated
January 1, 1904, ard to mature January 1, 1924. Interest payable semi annually. Principal and Interest payable at the office of the City Treasurer of
Kansas City, Missouri, in Kansas City, Missouri, or
at the Oriental bank in the City and State of New
York, at the option of the holder.
The Ifgality of the bonds will be approved by
Messrs. Dillon & Hubbard of New York, whose
opinion as to the legality, or duplicafe thereof, will
be delivered to the purchaser or purchasers of said
AT TWO
190*. at eleven o'< lock, A. M., at the office of the City
Comptroller of Kansas City, in Kansas City, Missouri. Bids will be receved at the office of the
40 Water Street,
BOSTON.
8 Nassau Street,
NEW YORK.
NEW YORK
35^9b
CITY
MUNICIPAL BONDS.
STANWOOD & Co.
Street,
T.W.STEPHENS & CO.,
2 Wall Street,
New
159 La Salle
COUNTY
AND TOWNSHIP
CITY.
and Time Deposits.
Perry, Coffin
&
60 State Street,
MacDonald, McCoy
MUNICIPAL
MUNICIPAL
I7Z
Service
OorporatioL
F.
E.H.ROLLINS & SONS,
BOSTON.
Demrer.
Chicago.
Chicago.
BONDS.
^'
^
&
Co.,
CORPORATIOK
BONDS.
AND
Public
AND
San Francisco
La Salle
R.
Street, Cblcago.
FULTON &
CHICAGO.
LIST OM APPLICATIOH.
&
Co.,
16 Conoress Street, Boston.
36 NA8BAD STKEET, NEW YORK.
172 Washington Street,
CHICAGO,
CO.,
Municipal Bonds,
171 LA SALLE STREET,
T. B. POTTER,
Blodg<
;et, Merritt
MUNICIPAL and oriKinQ
BANKERS
Company CORPORATION D^ •><»-'«.
St.,
Burr,
York.
Ealabllshrd 1885.
&
YORK.
BOSTON.
BOSTON.
H. C. Speer
Interest Paid on Dailv
TAX-EXEMPT BONDS.
BANK.KR8.
Milk
BONDS.
NASSAU STREET, NEW
INVESTMENT BONDS
GOLD
BONDS.
E. C.
STREET RAILWAY
I
STATE, MUNICIPAL AND HIGH GRADE
RAILROAD SECURITIES.
JAY
A. E. GALLAGHBB,
Comptroller of Kansas City, Missouri.
MUNICIPAL, RAILROAD and
STOCK EXCHANGES.
mTe
U. NEFF,
Mayor of Knnsas City, Missouri.
DEALERS IN
MEMBERS
NEW YORK AND BOSTON
Mayor
of Kansas City, Missouri, in the City
Hall In said Cliy, but no bid will be entitled to consideration unless received by or before the hour
above set for receiving bids.
I'rlnted circulars containing
definite and de
tailed informt.tlon wiih refermce to said bonds,
and black fjrms f( r bids, can be had on application
to the City Comptroller of Kansas (;ity, Missouri, or
to Messrs. Dill; n & Hubbard of New York.
CO., Rudolph Kleybolte&Co.
BANKERS,
BANKERS,
bonds.
Each bid must be made on a blank form furnished
by the City, and must be accorapanled by a duly certiQed chec k on a national bank doing business In
Kansas City, Missouri, payable to the order of the
City Comptroller of Kant as City, Missouri, for two
per cent of the par value of the bonds bid for. The
right is reserved to reject any or all b'ds
Delivery of the bonds will be made on July Zlst.
DAY &
L.
MO.,
WATERWORKS BONDS.
95
INVESTMENTS.
INVESTMENTS.
LOANS.
at par.
Election,— A special election will be
held in this place July 18 to vote upon question of iesuing
$15 COO bonds for a eewer system.
Tenaha School
NEW
were awarded to James Thompson
Wahoo Neb.— Bond
trlct
—
[Vol. Lxxix.
ILL.S.
STATE, CITY k RAILROAD RONDS.
—
July
THE CHRONICLE.
1904.
2,
|
Imprnvement bonds (city's proportion). Maturity, one bond 11,400
yearly on Oct. 1 from 1905 to 19o», inclusive.
West Federal Street sewer bonds, maturine one bond $5,660 yearly
on Oct. 1 from 19je to 1810. Inclusive.
6,935 6% Woodland Avenue sewer bonds, maturing $1,187 yearly on Oct. 1
from 19ua to 191U, Inclusive.
Bonds are dated Aug. 1, 1904. Interest will be payable
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Aug. 1,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer.
certified check for 2% of
the amount of bonds bid for mu3t accompany proposals,
which must be made for each block separately.
to the Hadson Trust Co. of Hoboken at 103 and interdst.
Following are the bide
Hudson Trust Co., Hoboken. .102 00 Karson, Leach & Co.. New York.100'073
lOOWl
R. M. Grant & Co New York .100 126 Kountze Bros., New York.
$7,000 6*
28 300 6%
:
.
Jno. D. Kverltt
St,
Co.. N. Y...
.100097
Wtaartoo School District, Bictiland Towusliip, Wyandot
Coauty, Ohio.— Bond Offering. Proposals will be received
July 18, by the Board of Education— L. S.
until 12 M
DeLong, Clerk— for |8,000 6% bonds. Denomination. |500.
D*te, July 13, 1904. Interest semi-annual. y at the office of
the District Treasurer, Maturity, $500 yearly on July 18
—
,
A
Ci-sh or certified check, pay1933, inclusive.
able to the Treasurer, for |800 required with bids.
from 1908 to
Wjlmington, Del.— Bond* Proposed.— The Park Commisof $10,000 for park purposes.
Wilton, Conn.— Bond Sale.—Thla town has sold an issue of
110,000 if 10 20 year (optional) refunding bonds to the Norwalk Savings Society at par.
Wilton JaucliOi), Iowa.— Bond Sale.— This town has sold
an iseue of $5,250 4:}4% 10-20-year (optional) electric-lightplant bonds to Geo. M. Bechtel & Co. of Davenport at par
and accrued interest. Denomination, $500. Date, June 1,
Interest, semi-annual.
1904.
Woodborj, N. J.— Bond SaZe.- Oa June 21 the $20,000
registered street-improvement bonds described in V. 78, p.
H
2469, were awarded to Jjhn D.
City, at ICO '40 and interest.
Everitt
&
New
Co.,
York
Worcester, Mass. Bond Sale.— Oa June 24 an issue of
$80,000 33^<J eewer bonds was awarded to Merrill, Oldham
Co., Boston, at 101-149 and interest. FoUovping are the bids:
Merrill, Oldham & Co.. Boston.. 101-149 Blake Bros. 4 Co., Boston.
100'78
&
I
Fiak
& Robinson, Boston
100-86
I
Securities are authorized by Chapter 181, Laws of 1900.
They are dated April 1, 1904. Interest semi-annually at the
Merchants' National Bank of Boston. Maturity, April 1, 1934.
Wyoming, Ohio.— Bonds Authorized. — The Council has
passed an ordinance submitting to a vote of the people at the
November election the question of issuing $50,0 JO sewer
bonds.
Toangstown, Ohio.—Bond Oj^eringr.— Proposals will be re
ceived until 2 p. m., July 25, by Wm. I, Daviei, City Auditor, for the following bonds :
Jamestown, N. Y.— J. E. Johnson, Mayor; John B. Shaw,
Treasurer. Our attention has been called to the fact that in
giving the debt of the city of Jamestown as of March 1,
City 3ectijn for May 28,
1904, on page 2085 of our State
the water debt was stated to ba "additional," when it reallv
formed part of the total debt of $1,177,652.
accordingly
repeat the statement, corrected in that particular. The
water debt is now $585,000, $15,000 having matured in March.
When Due.
Fire DEPASTMENXiBONDS—
LOANS—
48, J&D, $9,000
City Hall Bonds—
Oct. 1, 1912
Refunding Bonds—
48, M&N, $65.000. . . .Mayl5, 1925
Electric Light Bonds—
$29,000..
Deo. 1, '04-32
ds j&u,
r^n ?
48,
3^000.. .Dec. 1, 1933
^
48, J&D. $27,000.. June 1, 1906-31
Paving Certificate Fund—
Paving Bonds—
Oct. 1,1905 3-758,JuDe30$3,240.Nov., 1904-09
48, A&O, $13,000
July 1, 1907 48, J&D,
3,000
24,600. Nov., 1905-08
48, J&J,
Apr. 1, 1909 48, J&D,
6,150. ...Nov., 1904
48, A&O. 18,000
1912
Oct.
1,
48. J&D,
J&D, 3,000
6,150 Nov. 14, 1909
48,
Oct. 9, 1907 48, J&D,
3128, A&O, 6,000
8, 820.. Jan, 190510
Nov. 1909 48. J&D,
21,600 Oct.,1, 1904-12
31*8, J&D, 11,700
Jan.
1910 Miscellaneous debt
3138, J&D, 6,100
$16,292
Bond, debt Mar. 1, 1904 1,107,092
Watbr Bonds—
70,560
.o.r» > $300,000 .Mar.20,1943 Paving certiticates
A
—
&
We
A&O, ^ 285,000. Mar.31,'05-23 Tot. debt Mar. 1, 1904..
Water debt (included)
Sewer Bonds—
48.
1,177,652
600,000
Awsessed valuat'n, real. 10,495,710
Assessed val., personal.
497,225
48,M&N, 50,000.... May 1,1917 Franchise assessments.
397,510
20,000... Mar. 15, 1918 Total valuation 1901... 11, -(90,445
4s, J&J,
3128, J&J, 20,000....Jaly 1, 1920 Assessment about actual value.
J&J, 25,000... June 1, 1921 City tax (per $1,000) 1903. $13-40
48,
J&D, 20,000...Jiinel, 1922 Population in 1900 was
49,
22,892
Population in 1890 was
16,03^
.
BOND DEPARTMENT.
I
The Mutual
THE AMERICAN TRUST
& SAVINGS BANK,
Illinois.
Railroad,
LIFE INBUKAMCE CO.. NEWARK.. M.
1,
80,749.046 91
6,710,842 21
MUTUAL BENEFIT POLICIES
yielding investors i% to 5%%.
CONTAIN
and prices
application.
li^ts
Special and Peculiar Advantao'es
Which are not combined In the
POLICIES OF ANY OTHBB COMPANY.
upon
BONDS
PARSON. LEAOH &
""
Whether for letter written with your own hand, or
brithe typewriter, are UNBQUALED. Their quality
Is assured and they have won highest honors at all
the great World's Fairs. For high grade writing
I>aper8 of all kinds, for bond papers, and for ledger
papers. Insist on having them made by the
WHITING PAPER COMPANY,
HOL.YOME, MASS.
New
Chicago.
Philadelphia.
York.
CERTIFICATES
Albert B. King
00..
Public Securities,
B08T0K
A. G. Becker
Co.,
&
The American Mfg. Co.
MANILA SISAL AND JUTE
Co.,
CORDAGE.
INCOKPORATED.)
COMMERCIAL PAPER,
S.
PHIIiADEIiFHIA.
$(
Engravers and Ltthugraphers.
William Street
New York City
(
MEW YORK.
A«U STOCK
For Business Correspondeuoet
Handsomely engraved, or in cheaper style
(not cheap looking) partly printed from
type.
Send for samples and estimates.
100 Certi/lcatcs $3 to $25. Seal Press $1 50. Quick WorK
105
OaiCARU.
J.
1901 .$87,453,889 12
SDBPLUS
poration Bonds, conservatively issued,
Printed
ITHITING'S PAPERS.
Frederick Frelinqhuysen, President:
iSSBTS (Market Values) Jan.
Municipal and Cor-
MISCELLANEOUS.
Benefit
(.lABILITIBS.
Offers
.
3133, M&8, $50,000... Mar. 1, 1923
48, J&D, 111,000. ...Dec. 1,1923
MISCELLANEOUS.
INVESTMENTS.
Chicago,
STATE AND CITY DEBT CHANGES.
Council to authorize a loan
sion, it is stated, will ask the City
121
W. Cor. Monroe & La
Salle Sts., Chicago.
65
Wall
Street,
New
York.
ENGINEERS.
INVESTMENT BONDS. H. M. ByUesby
& Co.,
The Investment
INCORPORATED.
SEND FOR
LIST.
DENISON, PRIOR & OO
CLEVELAND.
R08T0N.
of Philadelphia,
ENGINEERS.
Horth American Bldg., Philadelphia.
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
HYDRAULIC PLANTS.
^
N«vr York
8urpla8
•
$2,000,000
& UndlTid. Profits, $1,000,000
lisne of loans
KxamiDatlona and Reports.
BROKERS IN INVESTMENT
SECURITIES.
Capital Stock,
This Company undertakes the negotiation and
and oapltal of Companies on the New
Terk or Philadelphia Market, and will make advanMs upon approved Corporate, Personal or Baal
VICKER8 A PHELPS,
19 Wall 8tr«et
Company
New York
Life Buildinor,
CHICAGO,
ILL.
Bstate seourity.
Under its charter rights It will act as Tmstea,
Agent or Manager for the control of corporations or
(or the construction of pabllo or private works.
THE CHRONICLE.
122
fftnattctaU
ffttiauctal.
Stanley D.
Robert H. Allen.
V oOrav
ALLEN.
1904.
The United
MoGRAW &
CO.,
24 Broad Street New York.
IN
Munn, M.D.,
John- P.
Active and snooessfol Agents
Momhoi-Q 5 New York Produce ExchaDge.
Members
J j,g^ York Con. Stock Exchange.
My ofBce is in receipt of
& Son
with
Bonds
EVERY WEDNESDAY.
55 TTILiIilAM STREET,
19
No.
Nettlnor
5%
PHILADELPHIA.
Broad ExcfaanareBldK.,
Goodman & Co
C. E.
Investment Securities.
30 Broad
BANK
NEW YOR^
STOCKS
A
SPECIALTY
Cable Address,
OUcago.
Cleveland.
Premiums on Marine Risks from 1ft January, 1903, to 3l3t December, 1903... $3,174,147 73
Premiums on Policies not marked off 1st January, 1903
800,368 56
Total Marine Premiums
"
Pittsbnrgb.
Louis.
St.
CERTIFIED PUBLIC ACCOUNTANTS
128 Broadnray, Neiv York.
Hxaminatloni of Financial Conditions and Bamings.
Reports and Adjustments for Consolidations
and Reoreaniiattons.
Pogson^ Peloubet & Co*
NEW
YORK, 42 Broadway.
CHICAGO, Marquette Building.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy Building,
The Trustees, in Conformity with the Charter of the Company,
its affairs on the 31st of Decembir, igoj ;
Rent
C.
^''W, F.WEISS,
New York, January 20th. 1 f>04.
submit the following statement of
Interefat received
E.
"HASK8ELL8."
PUBLIC ACCOUN TANTS.
ATLANTIC MUTUAL INSURANCE COMPANY.
from
York.
an'-> Audits of B<inklDK and
Stock BrokernKe Houses.
OFFICE OF THE
ol!
New
Street,
30 Coleman Street, London,
[nTestlgattons
No. 518 Atlantic Balldins,
Premiums marked
BALTI3IORE.
HASKINS & SELLS,
Tork.
2 XTall Street* Ne^v
JOHN M. GILLESPIE.
Fidelity Bq|ldlnv«
NEW YORK.
DETROIT
VW.W voaK..
Atlantic mntual Inanrance Company Meri»
of All Years Bought aad Sold.
49-51 Wall Street.
(Pennsylvania)
Stephen Glrard Bulldlns.
a Specialty.
Chamber •! Caaimore*.
tlTatl 8tre*t,
Public Accountants,
Co.. CERTIFIED PUBLIC ACCOUNTANTS
Corner Pine Street.
Koom
MONTGOMERY,
Certified
ELECTRIC RAILWAY BOMDS.
BONDS
PHILADELPHIA.
LYBRAND,
ROSS BROS &
their
tb
invited to
are
Warren, Andrews &
OF
Office
denire to
Stephen Gtrard Bld(..
NEW YORK.
Auets, over $8,750,000,
Paid to FoUcyholdera ia 1903, $1,060,965 70
AUCTIONEERS,
Regular Weekly Sales
and
commf^nsurate
BroadwaTi
this well-
communloate w
BICHARD E. COCHRAN, 3d Vice-President,
at the Company's Office, 277 Broadway, New
york City.
success,
the news of the Street
Prompt and efficient fereice for either trader
or Inyestor. Write for special market letter
STOCKS
Income
annual
all
Adrian H. Muller
CHICAGO.
•Btabllshed and progressive Company, thereby
seonrlng for themselves not only an immediate
retiim for their work, but also an Increasing
Established 1868
(Illlnoln)
3'1
who
make DIRECT CONTRACTS with
stock Broker,
Certified Public Accountants,
President.
JAMES R. PLUM
Leather
CLARENCE H. KELSEY.Pr. Tit. Guar. ATr.Co.
WILLIAM H. PORTER, Pres. Chem. Nat. Bank
Fred H. Smith,
Wilkinson, Reckitt,
Williams & Co.,
MARQUETTE BUILDING.
Finance Committee:
N. Y. Stock Exchange.
BROADWAY, N.Y.
States Life
Insurance Co.
THE CITY OF NEW YORK.
Members
66
Jk^ccoxmtauts.
1S60.
WllUam M. Vanoe.
LXXJX.
[Vol..
WM. FRANKLIN HALL
Accountant,
$3,974,516 29
December, 1903
$3,250,364 45
$336,185 20
111,923 77
$448,108 97
Ist January, 1903, to 31 st
during the year
"
"
less Taxes
Losses paid during the year which were estimated
In 1902 and previous years
$322,490 79
Losses occurred, estimated and paid in 1903
1,065,141 83
$146,587 55
64.028 75
Returns of Premiums and Expenses, $467,841 97
M"t?t."8t;eir
BOSTON. MASS.
SookB sadlted. Examinations and Inyeatlgatlons conducted with the ntmoat
care and efficiency
OONANT &
LOOMIS,
CO.,
CERTIFIED PUBLIC ACCOUNTANTS,
30 Broad Street. New York.
$1,387,632 62
Less Salvages
Re-insurances
'
210,616 30
$1,177.016 32
Tel. 4958 Broad.
The Company has the followlnsr Assets, viz.:
United States and State of New York Stock; City, Bank and other Securities
$5,170,084 00
Special deposits In Ranks and Trust Companies
1,612,252 5S
Real EHtate corner Wall and William Streets and Exchange Place... $3,789,000
Other Real Keiate and Claims due the Company.,
75,000 3,864,00000
ALFRED ROSE,
.
Premliun Notes and Bill Receivable
Cash In the hands of European Bankers to pay losses under policies payable In
.
Amount
of N. Y.]
f'o.
CERTIFIED PUBLIC ACCOUNTANT.
56
PINE 8TUEET,
NEW
YORK.
Tel. 4261 John.
1,107,221 8S
182,001 6>^
89,461 7J
foreign countries
ash In Bank
[Late N. Y. Manager of the Audit
JAMES PARK &
PUBLIC
CERTIFIED
$12,025,021 81
S'.i
'.£38
CO.,
ACCOUNTANTS.
Broadway, New York.
La
Salle Street. Chlcaso.
Six per cent
Interest on the outstanding certificates of profits will be paid to the holder"
jiereof, or their legal ri presentatives, on and after Tuesday, "tbo second of February next.
The outfitanrtintr certiticates of the issue of 1 898 will be redeemed and paid to ihe holder'thereof, or their lega. representatives, on and after Tuesday, the second of February next, frou,
which date nil interes'- thereou will cease. The ceriiflcates to be produced at the time ol
payment, and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company
for the year ending 31 wt December, 1903, for which, upon application, certiticates will be issue*!
on and after Tuesday, the thiid of May next.
By order of the Board,
v..
STANTON FLOVD-JONES,
Secretary.
TRUSTEES.
-
•JSTAV AMSTNCK.
FRANCIS
M BACuN,
JOHN N. BEACH.
WILLIAM K. BOU1.T0N
yEKNON U. BROWN,
WALDKON P. BKOWN,
JOSKTIl H. (HAr.VIAN,
QBOKGE CLAHK,
gORNKLlUg BI.UBKT,
aw ALL) FLUITMANN,
('.
HERBERT
CLEMEiNT
L.
A.
GUlGQS.
GKISCOM,
anson w. haki),
Morris k. jesup.
lewis cass ledvard.
FRANCIS ll.LEGGKTT,
CHARLES 1). LttVEKICH.
LEANDER N. LOVELL.
OffOKGE H. MACY,
CHARLES H. MARSHALL,
W.H.U. MOORE,
LEVI P. MORTON,
HENRY PARISH,
KREDEfUC A. PARSONS
DALLAS B. PRATT,
GEORGE W. QUINTARD
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB.
WILLIAM C. STUKGKa.
RAVEN, President.
Vire-Pres't.
CORNELIUS ELDERT, zrt Viee-Pre^t,
THKO. P. JOHNSON, jd Viee-Pres't.
G.
J.
CO.,
Engineers, Contractors,
43-49 Exchange Place,
New
York.
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission
Proi>ertles
for Financial Institutions
and Investors.
and Eieetrle
Power Flanta Financed, Deiigned and B«Ut.
Sleetrie lUillwayi, Eleotrie Light
A. A.
F.
WHITE &
A PARSONS,
J.
LONDON CORRESPONDENTSt
O. tTHITE & CO., Limited,
'.<3a
Collere Hill.
Cannon
St.
@FedFRASER