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financial
ammercia
V
nmicl?
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section (^ZJ!™*)
State
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress,
A
weekly newspaper entered
VOL.
in the
year 1905, by William
New
at Post Office.
B.
Dana Company,
SATURDAY, JULY
81
In the oliioe of Librarian of Congross,
Dana Company,
York, as second-class matter— William B.
22
Publishers.
7flJ<
Washington,
Pine
NO.
1905.
I).
V>
N. Y.
St.,
2091.
Week ending July 15
—
'£he Chronicle.
OUartngt at
1905.
Inc. or
1901.
1902
1903.
Drc
PUBLISHED WEEKLY.
Terms
Boston
Providence Hartford
Subscription— Payable in Advance
of
For One Year
for Six Months
European Subscription (including postage)
European Subscription Six Months (Including postage)
$10 00
6 00
13 00
New Haven-
50
Portland
Kail River
Lowell
New Bedford
7
Springfield
£2 14s.
Annual Subscription in London (including postage)
£1 11a
Six Months Subscription in London (Including postage)
Subscription includes following Sections
STATE AND CITY (semi-annually)
BANK AND Quotation (monthly)
Railway and Industrial (quarterly) street Hailway (3 times yearly)
—
Worcester
Holyoke
Total
I
New England.
155.077.140
7,905,200
3,179 456
2.430.704
1,785.318
1,727,070
1.800.240
777,263
668,184
702.710
465,232
133.040.499
7.080,800
3.717,393
2.212.635
1.533.017
1,665,849
1.670.808
644.869
500.500
465.872
624.783
176,434,497
162,951,883
193.409,827
24,163,650
17,400.280
12,075,264
8.741,615
8.249.487
4.086,200
4,053.811
2.636.274
2.093,716
1,889,014
1,489.031
740.600
916,115
695,780
770,146
671,241
440.686
590.367
431,336
818.589
176,780 433
28.876.600
14.096.536
12.686.461
8.426.307
6.685.817
4.000.700
8.468.871
2.319 490
1,997.873
1,7.0.064
1,225.305
635,700
093.923
480.388
767,890
598.290
533,033
487,791
429,497
418.087
808,691
249.020
195,184
211,914
262,023
73.606
+ 168
+126
-146
+101
+ 164
+111
+7 4
+20 8
+136
+50 9
-1P2
+154
138.325.188
7.789.800
8.692.687
2.083.890
1.909.321
1 730.816
1,670 176
730.134
608.152
140,790,577
6,850,500
8 248.:«2
2.101.709
1.787.279
1.808.174
1,658.485
883.562
676.783
602.804
696 031!
420.322
894 939
169.360.030
160.446.184
171.338.104
22.895,900
16.418,072
10,720.325
168,684.055
23.890.956
17.865.83a
10.935.908
7,674.474
6.031,912
4,066.450
2.824.457
2.133.033
1,700,402
1,740.762
1,602.020
872.000
537.226
662.291
647.284
545.251
484 260
444.356
369,778
816.395
411.942
805,334
22 -',892
|
Chicago
Terms
oi
Advertising— Per Inch Space
Cincinnati
Cleveland
Transient matter per inch spaoe (14 agate Hues)
Two Months
$4 20
22 00
29 00
60 00
87 00
(8 times)
(13 times)
Three Months
Months
26 times)
Twelve Months (62 times)
I
CHICAGO OFFICE— Pliny Bartlett, 613 Monadnook Blook.
LOHD02* OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
Six
1I.LIA
A\
DANA COMPANY,
It.
<l
Pine Street, Corner
Box 9*8.
Pout Office
ol
Detroit
Milwaukee
Indianapolis.
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Toledo
Peoria
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NEW YORK.
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Lexington
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lock lord
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1
CLEARING ROUSE RETURNS.
O
Illoomington
412,4<*0
i.ni'ncy
Decatur.
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
United States for the week ending to-day, July 22, have Ann Arbor
Fort Wayne
been s2, 377,283,936, against $2,697,201,557 last week and South Bend
Total Mid. Western
$2,112,229,024 the corresponding week last year.
I
Week EndmiJulu
digraph.
v or*.
Boston
Philadelphia.
Baltimore
Chicago
St. Louis
New Orleans
Other
all cities.
5 days
lday
All cities,
Total
days
5 days
cities, 6
cities,
Total
all cities for
'..os.
1905.
1904.
*1,177.242,202
120.154.009
100.272,569
19.892.171
161.084,796
46.724,951
$1,063,724,529
105.893.662
22.
N ew
Seven
,
week.
P. Cent.
+107
+135
Angeles.
Seattle
Salt Lake City
Portland.
14.4W.593
18,567,179
134.851.702
89.915.934
11.724.0U5
$1,644,811,353
316.498.741
$1,475,457,173
261,540.923
Minneapolis
+ 11-5 Omaha
+21-0
$L.961,310.094
415,978,862
$1,737 001.096
375.224.928
+129
4-107
Denver
Des Moines
t2.377.2SS.956
$2,112,229,024
+125
Sioux City
+194
+17-1
+23-3
Sioux Falls
Total Pacific
Kansas City
St. Paul.
St. Joseph..
Topeka
Davenport
week covered by the above will be Wichita.
'olorado Springs
given next Saturday. "We cannot furnish them to-day, olear- Cedar
Rapids.
ings being made up by the clearing houses at noon on Satur- Fremont
Pueblo
day, and hence in the above the last day of the week has to
Total other West'rn
St. Louis
...
be in all cases estimated, as we go to press Friday night.
New Orleans
The
full details for the
<
We present
below our usual detailed figures for the previous Louisville.
Houston
week, covering the returns for the period ending with Satur- Halves
ton
day noon, July 16, and the results for the corresponding Richmond.
Savannah
week in 1904, 19u3 and 1902 are also given. Contrasted with Memphis
Atlanta
the week of 1904 the total for the whole country shows a gain Nashville
of 27'6 per cent.
is 15*4 per cent.
Outside of
New York
the increase over 1904
Norfolk
Fort Worth.
Birmingham
Knozvllle
Augusta
Week ending July
Clearing* at1906.
New fork
Philadelphia...
I'lit-ijoreh.....
Baltimore
Buffalo
Washington
Albany
Wllminirton....
Heading
Wilkes Barre_.
Whee.lng.
Btnahamton
...
Greensburg...
.
Chester
Erie
»>anklln Pa...
Total Middle.
Inc. or
Dec.
.722.590,097 1,269.404.340
129.520.008
109.290.879
47.896 373
40.892,831
20,393,906
21.965.969
6,803,192
8.460.881
5.279.445
4,195.793
+367
4.017. K0h
2.775.45-:
1,749.011
+130
4.539,:i21
8,513.96.'
Rochester
Scrauton
Syracuse
1904.
1,764.581
1,641,081
1,882,646
1.20 1.012
1,082.416
773,458
643.100
384.841
480,438
1,840,112
1.127.020
1.168.979
923.008
754.185
478.600
4-9.04*
419.277
1107.601
224.864
191. 2-0
1,956,397,679 1.467.664.081
Rock.
Charleston
Little
15.
Macon
1902
1903.
Chattanooga
Jacksonville
$
1.422,327.752 1,366.088.402
115.822.640
--186 133.069.402
46.897.913
--184
60.h21.07S!
24.087.199
+20-2
28.408.178
+5<
+25-8
+ 27-7
+0-9
+ 15-0
13+
6.660.9'
•>',
4,004.857
8.132.778
2.571.055
868
all
New
Canada—
Outside
—4-8
88.1.841
-t.
517. Ml
York..
+3J-3 I.651.316.002
John.
Umdon
Victoria
1.572.9
Total Canada
221622
208.695
71,038
tal.
tal.
3.149.851
8.231,113
547,284
527,909
294,471
71,930,579
66.7J4.753
+20-8
22,822 600
14,081.730
8.903.930
6.455.085
4,003.238
6.349,938
2,805.204
1,600.536
533,381
744,982
1,547,293
090,384
459.737
188,767
14,758.006
13.329.309
7.321.927
6.825.975
8.261.749
8,790,989
2.054.996
978,926
841.198
+54
--55 9
--31'2
--40-1
--29 1
- -39 9
+7 5'0
1.397.266
2.409. 82
1.N20.459
:
1
-10-2
509.303
473.736
238.769
+ 5-7
-22
6
+ 10T
+2P6
-5"4
53,670 028
20,729,809
13,440,711
7,971.812
6.172..J89
+ 228
+67-5
4,282,009
4,983.214
+146
2,0211.601
+04-5
-36-6
1,800,682
1,150.681
18.553.380
12.152 740
6.308 274
6.000.090
4.404.
no
752943
-IT
902,729
579,788
633 773
161.884
+71-4
+ 19T
890.975
625.983
641,131
4.129.700
1.745.238
1.603.969
1,165.854
1.074.611
488.161
600,000
+24-4
148,016
138.938
—139
Not Include d in
to tal.
71,345.776
66.131.187
+27T
64,111.776
58.215.387
64,229,568
19,911,563
11,786.367
6,987.595
4.600,000
6.681.700
4.936,704
4.215.212
8.500.499
2.911.313
2.172,178
2,600,423
1.669.010
1,217.249
2.284.209
991,122
1,806.725
692.822
1.150,000
1,810,220
866.978
62,904.217
12,601.651
12,006.068
+23
51.754.408
14, 007,7
10,115,489
6.850,000
46,243.157
2.O09.U00
8,097.181
2,h09.712
2.2-4.710
2.009.868
1,1102.099
5 084.9:i1
+58
—1-8
+17 8
3.287,000
+399
2.9.12.500
+15-8
8.021.067
3,060.416
2.648,003
2,738.800
1,633, 9!1
1.1J4.523
1,050.000
1,109.881
b70.9Hl
726.635
4-031
4.039.048
2.800,069
8.088 268
2,419,281
2,581,045
1.6H0.O4O
L788.464
1,117.723
1,383,482
001.878
808.289
1,046.8; (8
848.979
194,713
797. 3J8
191. 892
+:«-2
+874
+68
+330
+ 120 9
+690
+97
+ 160
--36 7
--25-0
--70-0
--44 7
814.0O9.&9.J
+ 164
20..V
16,382,292
887
1.160,671
l.ooo.ll-
1,716.531
1.790.610
1.470 489
9.16
80t
.1.445
752,100
478.000
777.101
500.1 KiO
861.923
380,714
109, 88
+«e
+201
BO B
+291
+161
J 177.64
888^40JM8
23
4
10.9-
1
:i.4i
4 61
-I*
i
bll.474.l-o
.
1.06
:
+80-0
2.026.633
1.709,041
1.710,819
12,686
4. -.0-, 929
In to
+ 189
21.048.634
11.,-.
10.545.258
--334
Not Include d
26.072,4'.'-
1,084
688,01
--61 -6
111.858.828
132.996.048
*.607.20l.657 8.114.011 838
974,611.460
r
4.8-
1.9 18
625.426
498.860
207.020
866,886
630,620
241 140
188.711
217,809
85,001
26.280.403
6.003 641
3.425.120
8,587,518
2.901.53*
1.606.318
1,313.377
608.181
459,011
851.470
40 412.075
8,2
451.200
;i09,072
+33"
244.432.848
l.'.H'O.Olrfl
Ouebec
Vancouver
Hamilton
673.318
817.270
678.994
429,336
30,152 298
6.680.182
4,887,838
3.081.020
7.24
OOM'W
735 402
260,026,851
Halifax
Ottawa.
799.979
877 0"0
--32M
--23 9
+0-3
+12-2
-17-3
+23-0
+0-2
—7-2
+7-2
Winnipeg
bo'ljms
--16 5
+137
1,180.000
820.1 10
£
+2t-5
82.431,857
7.274.042
4.750.419
2,919,300
3.030.534
2,400,738
1.846.422
609.491
499,227
801.218
1.324.200
..*>
+18-7
268,672,203
Montreal
Toronto
-
+ 169
87,528.217
11.338,743
6,840,639
4,091.101
1.1
1
+ 172
+25
+ 186
+131
3.660.010
8.190.120
8,963 849
Columbus, Qa
Mobile
Total Southern
Total
7.838.938
6,087,100
2,922.041
2,612.548
1.977,055
1,774.999
1,284,670
823.000
853.013
590.815
+164
288.042,909
1.491. 890
+8
-216
+46
5,8'
8198,010
+21-4
+18-9
296.120
+112 8
414,458
-1-2
809,380
—128
230,230
+335
98,258
949,803 Not Include d In to
611,811 Not Include d Into
4,0)16,251
Spokane
+43 Tacoma
Helena
+83 Fargo
100,9.30.102
-4-7
,
San Francisco
—Return* oy
Clearing*
•
+9-4
—163
+235
1,607,464
1
i'..
i.i;
1,0-1
Dili
i.i
874
880
014
708 179
404
894491
06.993 802
54.032.,
:
i
.
.
.
i
4*VBM.771
THE CHRONICLE.
232
[Vol. lxxxt.
have been in the direction of larger payments, and,
coming after the increase last week in the dividend on
too,
TEE FINANCIAL SITUATION.
The extreme heat this week, the thermometer in New Baltimore & Ohio Railroad common stock, they are
York touching 95 and 96 on two days, according to the vested with considerable significance as revealing
,...
Official record,
and 98 and over on the
shade, also as high or higher in
the
work
in the city
eral moderation
Hope
affairs.
in
is
streets
in
the
where much
the lofts
of
same time been
the
have been
fields
made much
hot, dry
advances
in
weather has given opportunity
planters to get rid of the weeds
and
grass,
semi-annual payment of 3 per cent.
Furthermore,
Amalgamated Copper Company has
also again en-
latter,
values.
to cotton
and in some
the early receipts
will be abnormally large.
We have
the folly
on a subsequent page (236) tried to show
of too readily accepting and getting unduly ex-
cited over the assumption of
as it is called.
a cotton scarcity, or famine
The problem seems
to
make
the steps of our solution
ing men, though
fools, shall
be a matter capa-
We
ble of mathematical demonstration.
have sought
to
obvious that "wayfar-
so
not err therein."
by others have been heretofore made
Attempts
throw light on
to
—
the
sections the plant has ripened so fast that "the longs" in
the market are beginning to fear that
repeats the extra payment of £ per cent made
six months ago
that is, £ extra in addition to the regular
in speculative circles,
of
RR.
tral
de-
weather report, having made
Later, rumors of rust in wheat
being accompanied by material
The
share-
sec-
the weekly
progress."
common
to its
time makes the declaration 2i per ceut. The Illinois Cen-
in trade circles has at the
velopment, are now fully abreast of early years, the
"splendid
payment
holders of 2 per cent at previous semi-annual dates, this
wheat and corn-growing
Cora and spring wheat, which were late in
according to
against a
prevailing activity in business
increased by the improving effect the higher temperature
tions.
Railroad, as
The Union Pacific
necessarily done, has led to a gen-
the
has had, especially in
trend of things in the railroad world.
in-
the
larged
its
The
rate of distnbution.
increase in the
mon had been
payment on Union Pacific com-
confidently
looked
for.
Dividends
at a
if it had
was
been deemed best to do so. In fact, it
merely a
question of policy on the part of the management.
The
record of prosperity which the Union Pacific Company
has enjoyed in recent years under a iar-signted administration which has spent money in enoimous amounts in
improving the property and promoting economy in operations stands among the most noteworthy in American
railroad history.
The company's income statements
from month to month and from year to year have borne
witness to the wisdom of the large capital outlays made
and the almost equally large application of surplus earnWhen reviewing the annuri
ings to the same purpose.
report of the company for the fiscal year ending June 30
higher rate could have been begun long since
1901,
we had
occasion to
disclosed as revealed
same subject by confining the investigation of
ments.
supply and requirements to the American staple withtwelve
the
refer to the successful results
by the company's income
state-
In
brief, on the operations of that period of
months the Union Pacific had $8,333,636
out bringing into consideration the contributions to
above the 4 per cent diviof surplus income
The spinners of
supply by countries other than America.
paid
being
on Union Pacific stock and
dends
the world have a habit of adjusting themselves to the varywithout any return from its ownership of
this,
too,
If the supply of
ing conditions of each country's product.
$90,000,000 of Southern Pacific Company's stock, and
one sort is short, they make up the deficiency by using more
with a large slice cut off the dividends on its holdings of
largely of the others, and but recently we have seen
Northern Securities stock. Since then, of course, anNormally the spinners of Euthat fact demonstrated.
year has elapsed, but the results have simply
other fiscal
rope collectively use about 80 per cent American cotton
and
20
years
of
per
cent
restricted
those proportions have
all
other
supply
or
varieties,
unfavorable
but
in
prices
been departed from noticeably,
more particularly in 1903-4, when, according to Mr. Ellison, European takings of American were only about 71
per cent of the whole.
It has been commented upon re-
been in the direction of
other
This
still
further improvement.
words, the company has continued
is
its
In
progress.
evident from the fact that on top of the favorable
results for
1903-4 there have been further large increases
and gross earnings in 1901-05. The figures
for the lull twelve months are not yet available, but for
the eleven months to May 31 there was a gain of $3,413,cently that while Liverpool has followed quite fully the
327 in gross and a gain of $2,225,458 in net as comadvance in prices that the Agricultural Department's
pared with the previous year. The amount of Union
July report made possible, transactions iu spot cotton in
Pacific common stock outstanding at latest date was
that market have shrunk to small proportions.
Does not
$166,969,900, on which an increase of 1 per cent per
the fact that Europe has received from us thus far in 1901-05
annum in the yearly distribution would call for about 1§
some 7,800,000 bales, or fully three-quarters of a million
management
in both net
million dollars.
bales in excess
American
of the season's normal requirements of
cotton, account for this indisposition of spin-
ners to purchase freely
at
the
advance
?
Evidently, therefore, the
have acted very conservatrvely in increasing the rate of
distribution only 1 per cent per year.
Ellison's re-
Chronicle, indiMuch the same comment may be made with reference
European spinners held at the close of June
to the action of the Illinois Central Company in again
1,222,000 bales of the raw material, or 215,000 bales
declaring an extra dividend of one-half of 1 per cent in
more than at the same date in 1901, and stocks at ports
Some
addition to the regular payment of 3 per cent.
abroad are well in excess of any recent year.
Wall Street operators affect to be surprised because the
What the future may have in store for the American
company did not declare 3£ per cent regular instead of
cotton crop we cannot tell, but the assertion that anyBut so long
calling the £ per cent an extra payment.
thing has yet occurred to cause uneasiness has no founas shareholders get the full 3 J per cent it would not seem
dation in fact.
to matter much what designation the management deem
Some important dividend announcements have been it best to employ, though possibly they may not want to
port for July, published in last week's
cates that
among
the e/ents of the week.
These announcements,
encourage the idea that the J per cent extra
is to
be re-
July
THE CHRONICLE.
22 1905.]
233
permanent payment
We see, bow. ments. For the eleven months to May 31 1905 the
ever, no reason why any one should he disappointed average export value of copper was 13-69 cents as com13-00 cents in the previous fiscal year.
method
of
the
payment.
The
the
over
The
£ pared with
last
March was distinctly (act that the addition to price has been no larger thao
extra paid
cent
per
special
payment
made
be
a
to
in this may not possess any great significance, bat it rather
stated
garded as
a
recognition
of
dividend constituted
fact that said
the
the one hundredth semi-annual cash payment.
lends encouragement to
In other
of
words, the i per cent was
the event referred
added in commemoration of
To And now that the A per cent
to.
suggestions that possibly somo
copper was allowed
the
effect in curtailing supplies
has again been added, though the special occasion which
go out with a view
to
and stiffening
to its
prices at home.
There was no change in official rates of discount by
any of the European banks this week, and, compared with
last week, unofficial or open market rates wens easier at
months ago has passed away, is certainly
an encouraging circumstance and a fact for rejoicing.
The company is each year applying large amounts of all the chief centres. The most notable feature of the
earnings lor the betterment of the property, and is able statement of the New York Associated Banks last week
to show large returns for the stock over and above such was the unexpectedly large increase of $ 1,7 13,700 in
Thus in the fiscal year 1903-04, after cash, which appeared to be chiefly due to the negotiaappropriations.
allowing for 6 per cent dividends on the stock, the tion of the Japanese loan, the money received on applicompany made a contribution for betterments in the cation therefor having been deposited in four of the
sum of $2,570,329, and even then had a small sur- larger institutions, two of which contributed $9,777,000
induced
it
six
1
plus
on the operations of the
left
190-4-05
For
twelve months.
to
certain that the results will be even better
it is
May
months to
the cash gain
banks.
of $13,011,000
shown by these four
Loans decreased $9,150,100, while the deposits
showed the slight increase ot $713,100. The surplus rethe company gained $2,591,016 in gross earnings and seive was augmented by $11,565,425, to $19,523,250.
$2,393,689 in net earnings as compared with the cor- The bank statement of this week should reflect, among
than
since for the eleven
this,
31 1905
responding eleven months of 1903-01.
other items, the transfer
$355,000 and hence
The
to
San Francisco of
hither from
New
Orleans of $600,000.
It
Amalgamated Copper may be noted that among the Treasury disbursements
It may during the week was an item of $650,000 for the pura somewhat different category.
increase in the dividend on
stock belongs in
improved situation of the copper chase of a steamer on Panama Canal account. The Bank
trade.
Shipments of copper to foreign markets have of British North America this week received $230,000
been on a large scale, while at the same time the home Klondike gold through Seattle Assay Office checks.
demand has been active, and this has kept the price of
The surrenders of public funds in response to the
be taken
copper
to reflect the
—on which
the dividends of all
—on
the copper prop-
Treasury
call of
April 5 were practically completed this
Lake copper week, there remaining unpaid, though in process of
being firmly held at about 15 cents per pound. The transmission at the close of the week, only $173,000 out
Amalgamated Company has been gradually enlarging of the $14,673,500 instalment which was due on
depend
erties so largely
its
dividends the
a good
basis,
After having started
current year.
July 15; $3,893,500 of this
sum
had, however, been
pay at the turned over previous to the maturity of the final instalper cent
rate
of 8
per
annum, it was soon ment of the call.
forced to reduce the rate of distribution, and in
It is announced by Kuhn, Loeb & Co. thatsubsciibers
1903 and 1901 paid only £ per cent quarterly, or 2 per for £500 or less to the Japanese loan which was negoticent per annum.
In February 1905 £ per cent extra ated last week have been allotted the full amount; subwas added to the regular quarterly payment of £ per cent. scribers for larger sums are allotted bonds varying from
time
at
the
In
May
made.
of
its
organization
to
payment of 1 per cent was 50
August a regular payment of 1£ per
a regular quarterly
Now
for
to
10 per cent of the amount applied
for.
Influenced by the loaning of funds which had accucent is announced, raising the stock to a 5 per cent basis.
Judging from current market conditions regarding copper, mulated as the result of the Japanese loan negotiation,
the higher rate of distribution would seem to be war- and by liberal offerings from other sources, the market for
ranted.
But there is no other way of knowing whether money was easy this week. Loans on call, representing
the
dividend
nishes
ago
it
company furmonth
income.
bankers' balances, were
justified or not, for the
is
no statement regarding
departed from
policy
its
its
A
made on
the Stock
Exchange at 2^
per cent and at If per cent during the week, averaging
about 2 per cent ; banks and trust companies loaned at
of official secrecy which
had been so long maintained and issued a "statement 2\ per cent as the minimum. On Monday loans were
together with balance sheet" (which was reviewed in at 2£ per cent and at 2 per cent, with the bulk of the
these columns in our issue of June 10), but even this did business at 2£ per cent.
On Tuesday transactions were
not contain any
spect, therefore, the
Amalgamated dividend
wholly different plane
nounced above.
known
to
market
place, but there
is
is
to
be
attributed
have been and
still
entirely
are taking
able to understand.
Of the metal constantly rising at
With
the price
home, there has beeu a
small advance in price
on the export
ship-
On Wednesday
On Thursday
|
firm condition of the
one fact about these copper shipments
we have never been
relatively
The
at 2 per cent, with the majority at
2\
loans were; at 2A percent and
at 2 percent, with the bulk of the business at 2 per cent.
is
In the Amalgamated case the
be taken on faith.
to the large exports that
it
2£ per cent and
per cent.
stands on a
These larger railroad dividends
domestic copper
at
re-
from the railroad dividends an-
are warranted.
matter has
In that
regarding income.
figures
,
transactions were at 2\ per cent and at 1$
per cent, with the majority at 2 per
cent.
On
Friday
loans were at 2\ per cent and at 2 per cent, with tho
bulk of the business at 2\ per cent.
The pressure of
ofleringsof
money
by foreign bankers
the proceeds of finance bills
for
fixed
have, temporarily at least, met the
rowers on loans
maturing toward
and
and
in January,
rates
who sought
periods
to
plae»
leemi
to
requirements of borthe end of tho yeat
therelor were
a .shade easier
THE CHRONICLE.
234
>
Quotations for loans on good mixed Stock
this week.
Exchange
S®3£
for
were 2J per cent
collateral
ninety days,
for
34>3J
sixty days,
for
3^3|
four,
for five
[Vol. lxxxx
4 8505, short at 4 8660©4 8665 and cables at 4 8680©
4 8690.
On Tuesday the market was again heavy at a
decline of 5 points
8485©4
long, to 4
for
10 points
85;
and S^fai per cent ior six months; some loans for the for short, to 4 8650©4 8655, while cables were unlast-named period were reported at 3£ per cent. There changed.
On Wednesday the market was barely steady
market,
the
and
5 points lower for long, at 4 8485©4 8495, and 10
was a better supply oi commercial paper in
hut the demand was suflicient to absorb the offerings, and points for cables, at 4 8670©4 8680; short was unalOn Thursday the tone was weak, owing to a
rates were 4®4J per cent for sixty to ninety-day en- tered.
dorsed bills receivable, 4®4J per cent for prime and 4^© pressure of finance bills, and long fell 20 points, to
5 per cent
for
The Bank
good four
of
to six
England
4 S405©4 8475; short 15 points, to 4 8635©4 8640, and
cables 10 points, to 4 8665©4 8670.
The market was
firmer on Friday and 5 points higher for long and for
months' single names.
rate of discount remains un-
short, though 5 points off the bid rate for- cables.
changed at 2£ per cent. The cable reports discounts of
The following shows daily posted rates ior sterling
sixty to ninety-day bank bills in London 1% per cent. exchange by some of the leading drawers.
The open market rate at Paris is If per cent and at BerDAILY POSTED RATES FOR FOREIGN EXCHANGE.
and Frankfort
lin
it
is
24® 2§
According
per cent.
to
London, the Bank of England
gained £72,057 bullion during the week and held £38,-
Our correspondent
275,642 at the close of the week.
was due to exports of
£90,000 (of which £60,000 to South America and £30,000 to Gibraltar) and to receipts of £162,000 net from
further advises us that the gain
the interior of Great Britain.
The
exchange market was heavy
foieign
influenced in
part by
offerings
week,
bills,
which appear
have been quite freely drawn, as has been the case
recently, in expectation of obtaining profitable cover or
renewal at their maturity.
The
July
Brown
60 days
Sight
Baring,
( 60 days
Magoun & Co. \ Sight.
Bank British
J 60 days
Mo. America.. (Sight..
Bank of
( 60 days
Montreal
\ Sight..
Canadian Bank J 60 days
of Commerce. i Sight..
Heidelbach.Ick- 5 60 days
elheimer&Co. \ Sight..
Lazard
j 60 days
Freres
} Sight..
Merchants' Bk. $ 60 days
of Canada. ... } Sight..
Brothers
J
A,
Co.
\
.
negotiation of sterling
market, and as the demand for sight exchange for
documents
re-
mittance was comparatively small, rates therefor steadfall
in the sixty
87*
85*
87*
86
86
87*
85*
87*
86*
87*
85*
87*
85*
87*
85*
87*
85*
87*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
85*
87*
4 86
4 87*
85*
4 87*
4 85*
4 87*
4
485*
87*
85*
4 87*
4 85*
4 87^
4
4
4 86
488
85*
87*
85 %
87*
85*
87*
85*
87*
§5*
87*
85*
87*
85*
873
85*
87*
85*
87*
85*
87*
85*
87*
85*
67*
85*
87*
85*
87*
85 A
87*
85 '«
87*
85*
87*
SB
38
85*
87*
85*
87*
85*
87*
85*
87j2
85*
87*
for
payment, 4 8375®4 8450.
8375@4
The
to
Cotton for pay-
8380, cotton for acceptance, 4
for
8440®
payment, 4 8440@4 8450.
money
following gives the week's movements of
and from the
interior
by the isew York banks.
and
Another factor influencing the market
for sight drafts was the limited inquiry for them for the
renewal or extension of maturing finance bills. Very
few of the latter were drawn before May, and it was not
until toward the end of that month that sterling loans
were negotiated, with an agreement for renewal for
ninety-day
85*4
87*
FBI..
luly 2L
The market closed on Friday at 4 8470® 4 8480 for
4 8640©4 8645 for short and 4 8660©4 8670 for
cables.
Commercial on banks, 4 8440®4 8450, and
ment, 4
declined in sympathy with the
4b5*
4
WW)., Thurluy 19. Jutu 20.
TUE8.,
Ivly 17. IUIV 18.
long,
and franc loans was again an important feature this
4 8450, and grain
week, contributing to the volume of long bills on the
ily
14.
commercial drafts
of
against cotton, but chiefly of finance
to
this
MON..
FBI..
cable from
our ppecial
bills.
Week ending July
Received by
21 1905.
X. T. Banks.
Currency
Gold
Total gold and legal tenders
With
Shipped by
V. Banks.
.V.
Net Interior
Movement.
$6,051,000
917.000
$8,929,000
471.000
Gain. $2,122,000
476,000
Gain.
$6,998.000
H.400 000
Gain. $2,598,000
Sub-Treasury operations the result
the
is
as
follows.
another period of ninety days, for the procurement of
money
in
for
June,
six
when
months' loans.
relative
After the
first
week
monetary conditions were such
as to encourage liberal offerings of finance
bills,
Early next month it
is
Into
Banks.
21 1905.
Banks interior moTement as above
includ-
ing sterling and franc loan drafts, their volume began to
increase.
Week ending July
expected that there will
be a good inquiry for sight drafts for the purpose of renewing or extending the finance bills which will then
mature, and thereafter this demand will probably be un-
Total gold and legal tenders
. .
Out
Net Change in
of
Bank
Banks.
§4.400,000
28,850,000
Gain. $2,598,000
Loss. 2,000,000
$33,348,000
32.750,000
Gain.
The following table indicates the amount
the principal European banks.
$598,000
of bullion in
July 21 1904.
July 20 1905.
Bank
Holdings.
$6,998,000
26,350,000
of
Gold.
Sliver.
Total
Gold.
£
£
£
£
Silver.
lotaU
Bankers express the opinion that at least
the earlier issues of these bills will be renewed at such
rates as will show a fair profit on the operation, provided,
116,929.188
Franoe
Germany*.. 36,527,000
nothing shall occur to check the declining
tendency of the market. Should there be indications of
Aust.-Hun.t
Spain
46,971,000
12,956,000
59,927.000
48,114,000
12,789,000
14,865,000
22,304.000
37,169,000
14,783,000
20,330,000
35.063.000
22,786,000
3,477,200
26,263,200
22,352,000
3,989,600
26,341.600
a reaction in rates for exchange, the
Italy
Metherl'ds..
6,381,800
6,195,500
12,577.800
5.475.200
6,506,600
11,981,800
*.
8,175.333
1,587.667
4,763.000
3,020,667
1,510.833
4,531,000
interrupted.
of course, that
likely be covered.
The
to
would most
fact that the current decline in
rates is in advance of the season,
seems
bills
and
therefore abnormal,
make it probable that the market will react
demand for sight for the renewal of maturing
when
the
bills
becomes urgent.
Gold received
England....
109,453,000
Russia.
Nat. Belg.
38,275,642
38,275,642 34,482.696
44,377,446 161.306.634 109,233,296
12,176,000 48,703,000 33,745,000
6,014,000 115,472,000 92,220,000
£
34.482.606
45,045,414 154,278,710
11,857,000 45,602.000
8,390,000 100.610,000
60,903,000
Tot. week... 395,388,963 109,087,813 504,466,776 363,875,859 110,417,947 473,793,803
Tot. prev... 391,644,500 109,115,779 500,760,279 363,826.956 110.512,690 174,339.646
* The division (between gold and sUver) given in our table of coin and
bullion in the Bank of Germany and the Bank of Belgium is made from the
in neither case is it claimed to be
best estimate we are able to obtain
accurate, as those banks make no distinction in their weekly returns, merely
reporting the total sold and sUver; but we beUeve the division we make is »
j
at
the
Custom
House during the week, $162,424.
Nominal quotations for sterling exchange are 4 85£
for sixty day and 4 87£ for sight.
On Monday rates for
close approximation.
and
t The Austro-Hungarian Bank Statement is now issued in Kronen
Heoer instead of Gulden and Kreutzer. The reduction of the former CHrrenoy
to sterling £ was by considering the Gulden to have the value of 50 cents. A»
actual business were, compared with those on Friday of the Krone has really no greater value than 20 cents, our cable correspondent
n London, in order to reduce Kronen to £, has altered the baais of oonvereiom
last week, 5 points lower all around
long at 4 8490© by dividing the amount of Kronen by 24 instead of 20.
—
—
JUI/T
THE CHRONICLE.
1905.]
L'2
Wo
W1TTE AND THE PEACE
M.
The announcement
CONFIi:
1
attach less importance to this suggestion of continued war than some of our European contemporaries
XCE.
have done.
ot the Czar's appointment of Sor-
the peace conference between Japan and
month,
is
very important.
deed, than
It
Russia next
probably means more,
any other announcement could do
the early arrival at a settlement of the war.
selves,
we have never
believed that
it
to
to
iu-
But
it
was
our-
where
easily possible, through an unfor-
negotiations an
into the
feeling
tunate result would have been not at
M. Muraviett,
whom
inject
the Czar
first
all
very
This unfor-
their progress.
plenipotentiary, been retained in that office.
than he was bound
Representing
could not resist demands which
it
little
So much
of
htfl
might deem
it
what may bo
for
M. Witte's
faith in the
In order
definitely.
improbable had
selected as
this interview
called the
When
attitude.
it
comes
however, to considering the facts of the case as he presents them, we imagine that the world at large will place
element of bitterness or bad
which should hamper
M
appears to us that
and the instinct of a good bargainer would certainly lead
him to deny that his country was as yet in a position
Avas possible for
tuuate choice of one or more of the conferees, to
it
seek for her the best of a bad bargain
to
is
the peace negotiations, under any circumstances, to unreasonable.
break oft after they had gone so far as they have now strategic part
proceeded.
place,
first
say by the nature of his position.
country, he
insure
For
In tho
Witte said no more in
gius Witte as one of the two Russian plenipotentiaries,
at
235
would be necessary
tions
the
his chiet
M. Muriaveff
view that Russia can
the
other,
such a
to effect
—one, the
necessary
result,
requisite
resources
The armament Russia
credit.
fight
on
in-
two condiarmament;
in
capital
or
certainly has not.
Its
was objectionable to Japan because of the attitude he navy lies for the most part either in the hands of the
had assumed regarding that nation in some of his public Japanese, or cooped up in neutral ports, or at the bottom
utterances.
M. Witte, who has now been named after ot the sea. What remains of its sea power is as useless
the resignation of Muravieff, occupies precisely the op- as the ships which went down in the Corean Straits.
It
posite
Among
position.
all
the Russian statesmen, he
has been conspicuous for his sane and intelligent prescience in connection with the war.
In
office
was shown by the extraordinary Black Sea episode that
a Russian Admiral cannot sufficiently command his men
he honestly
to
strove to avert the crisis towards which Alexieff and the
Two
court cabal were hurrying the country.
he went so far as to
urging withdrawal
stating
as
between
make
personal
appeal to the Czar,
the absurdity of further
But
ivostok; he
outnumbered
is
We
her friendship.
I strongly advise friendly solution.
need to populate the Eastern provinces and have vital
interests to defend in the eventual war with the yellow
race in order that the peasants of Russia may understand
what they are fighting for."
is
in very little better
slowly back on Vlad-
and
at the front,
is
his
relief;
his fall in
almost certainly a mere
Theoretically, Russia
forward troops to
This
battle-ships.
excursions on the sea
is falling
case of continued hostilities
question of time.
"Instead of making an enemy of Japan, we should win
army
the
General Linevitch
case.
Russian troops from Manchuria,
view of the proper relations
country and Japan.
so,
must be apparent.
ot the
follows his
his
being
years ago
own mutinous
capture one of his
at liberty to
is
but what an
effort of that
on any extensive scale would mean has been shown
abundantly by the riots and mutinies of the past few
weeks at the Russian mobilizing centres. The reserves
sort
have virtually announced
that they
will
not go
for-
ward.
He
has at
all
times assumed a very friendly and open
diplomatic attitude toward Japan, and
incurred by this
attitude
it
was tho hatred
from the grand-ducal clique
Even supposing
is
it
physical ability to
continue fighting,
no
entirely evident that the financial markets are
provide the money.
longer ready to
Russia,
true,
it is
which brought about Witte's own removal from his
position of power mere than a year ago.
It is easy to
holds a very large reserve in the Imperial Bank, and could
see that a statesman with just this record can accomplish
foreign
in personal negotiations
with Japan what few other Rus-
sian statesmen of the day could do.
31.
Witte gave out
last
Monday
use
it
at
its
in
Mill
markets.
making purchases
But
reversal
of
its
of material on
previous policy,
such as would be involved in this employment of the
gold reserve, would merely put off the evil day, and in
at St. Petersburg a
highly interesting statement ot his views
regarding the
They have beea widely discussed,
and, we think, widely misunderstood, and for that reason
are worth some further examination.
The important
peace negotiations.
portions of this interview were as follows.
meantime would destroy the last vestige of Imperial
credit.
The position taken by Paris, which loyally supported Russia by its loans until the issue of war had
become no longer doubtful, is especially typical. In the
event of peace, Paris will lend extensive sums to Russia.
For continued war,not another sou will be advanced. This
the
"The ultimate decision remains in the hands of the policy has been steadfastly adhered to since the surrenEmperor and it is for him to decide the destinies of der of Port Arthur, and since Beilin's participation iu
Russia.
The Emperor is the iriend of peace and desires the latest
Japaneso loan, thoro can be little doubt that
peace, but I very much fear that the Japanese terms will
be such that we will be unable to reach an accord.
the attitude of the
German markets would
necessarily known to
be similar.
tho Japanese
These facts are
"Secondly, the world should disabuse its mind of the
idea that Russia wants peace at any price.
There are Government as well as to any critic in the outside world.
two parties in Russia. One favors the continuation of But it does not seem to us that an arrogant attitude by
the war a I'outrance
this is a large and influential party.
the Japaucsc negotiators will be a necessary COnSeque
Ihe
other, to
winch I belong,
fa vers peace.
"Even though
there are these two parties as to the
advisability ot ending the war, in the present circumducts both would be united if the Japanese demands
wounded
the amour propre ot the Russian people or
jeonaidized our iuture as a nation.
•'lam sure if I report that tne conditions "f Japan
e unot be accepted, Russia will accept the verdicl and
the Russian people will be ready to continue the
lor yeais
if
necessary."
I
oi
'
terms must unqualifiedly be imposed as the
itain
peace.
We
have
Russia must
that
reasonable ratio to
along regarded
all
pay
a
it
|
as
war indemnity bearing
Japan's expenses
in
the war.
Fur-
thermore, measures will undoubtedly be insisted on, such as
will render
it
impossible that
plans for offensive
•
.
Vladivostok
Ru
'
'
,J
operations against Japauat a future
will
presumably have
Ij
bo disma
THE CHRONICLE.
236
tied;
some provision
for the future administration of the
railway will at least be mooted, and Port Arthur must
[Vol lxxii
reducing stocks
gether, with
remain either in Japanese hands or under international prevailing
controL So much may probably be taken for granted in above 90
advance. At the same time, it is plain enough that tering 96
to
a practically famine
such super-heated
Alto-
basis.
speculative conditions
in
the cotton markets, with the thermometer
in
almost
parts
all
of
the
country,
regis-
in New York Tuesday, the people certainly
Japan could, if she wished, make much more strenuous need the kind of soothing sedative which facts impart.
demands on her antagonist; she may begin by asking Eemember, we are hardly more than at the beginning
more than she expects to get. It is the modification of of the crop season, and if these things have occurred in
the first demands on which the interest of the conference the green of the year, what words will be found strong
will undoubtedly converge. If Eussia has her self-respect enough to suitably express and describe the character of
and future welfare to protect, Japan has also to consider the disaster in the frosty dry season approaching.
not only her own position towards the mutual Powers
Among the more self-controlled, cool-headed members
some of them friends of Eussia but also the position on the New York Cottou Exchange the prevailing
which she may retain by magnanimity or lose by undue opinion seems to favor 10,500,000 bales as the July
severity in her future relations with the Eussian Gov- crop outlook, accepting for the basis of the estimate the
ernment and people.
Government figures of condition on the 1st of July. This
—
We have no
doubt that the upshot of
this conference
will be advantageous to the world at large.
and there seems
regarding M. Witte's
to be entertained
is
cer-
view which here
tainly do not take the apprehensive
frank assertion that he
We
merely following precise
in-
and that u the ultimate decision remains in
the hands of the Emperor." This would be so, we think,
under any circumstances. The world has far outgrown
structions,
the
day when plenipotentiaries met
to
dispose of the
fortunes of their States without referring the successive
This was the possi-
propositions to their governments.
ble,
indeed the necessary, policy at an epoch of history
when weeks
to the home
proviso
liant
should be added
— that
not infrequently a
bril-
July promise has been materially reduced by sub-
sequent adverse
weather developments, and on occa-
same date has
been restored by favoring seasons later on. Accepting
that proviso, our contention is that with an American
crop of 10,500,000 bales the current year, 6 cotton
famine cannot be experienced, and its attendant evils of
extreme high prices and restricted consumption can only
be produced by a hazardous and hurtful speculation.
To make our conclusion clear, it will be requisite to review the world's supply and consumpthe corresponding data for
tion in past years and
sions a comparatively poor outlook at the
months might be required to send word
record-breaking
authorities and get an answer.
The tele- tue season now drawing to a close.
graph and the cable have so far annihilated distance, in crop in the United States was produced in 1904.
the diplomatic conferences of to-day, that it would, we With 12,800,000 bales already in sight, as seen by
think, be quite inconceivable for any peace negotiation our compilation brought down weekly in our cotton
to be held without almost hourly consultation between department, and with cotton still moving with unpreceor
A
the delegates and their governments.
can be no doubt that the
dented freedom, there
final
count will show a commercial crop of 13,500,000 bales
COTTON TRADE—PROSPECTIVE SUPPLY.
Periods of extreme excitement in the cotton markets
Even
then with that amount marketed there will be some
cotton left in the
denote that
its
Latest advices from
interior.
India
crop for 1904-05 will reach about 3,700,-
have been a feature since the United States 000 bales of 400 lbs. each, or nearly 9 per cent more
Department of Agriculture issued on July 3 the July than in 1903-04, and the Egyptiou outturn promises a
That report was a com- total of about 5,900,000 cantars, or about 7 per cent less
cotton-crop-condition report.
of the world
plete surprise, because as
we have
said on a previous oc-
showed a slight deterioration, whereas each
weekly bulletin in June issued by the Climate and Crop
Division of the same department previous to the date of
The immethe monthly report indicated improvement.
diate result of the apparently unfavorable showing was a
decided advance in prices, which has been followed by a
casion,
it
further substantial rise.
The
simism
fact
is,
this situation
—part assumed but
has fostered a
spirit of pes-
in greater part real.
With
this
absolute conflict evident in the reports of a single Gov-
ernment department, and with the official acknowledgement
of the fraudulent issue to speculators of the figures of condition of the
same department,
the public
is
at a loss
what
than last year.
Peru,
West
Prom
other sources of supply
Indies, etc.
last season's is
looked
— an amount somewhat
—
Brazil,
less
than
say the equivalent of 210,-
for,
Eeducing these several
items to a 500-lb. bale basis, we have a world's crop, the
product of 1904, of 17,537,000 bales, which compares
000 bales of 500
lbs.
each.
with 14,059,000 bales in 1903-04, with 14,726,000 bales
in 1902 03 and 14,414,000 bales in 1901-02.
Consumption
in 1904-5
is,
of
course, running
much
The
any previous
Far East (China in parphenomenal demand from
ticular), in conjunction with a steady trade from most
other quarters, has served to keep machinery active the
world over. In Europe (Great Britain and the Continent combined) spindles are using 171,000 bales of 500
higher than in
1903-04, or
season.
the
most part, under the circumstances, taking
council of their fears, have quite naturally dropped, as pounds each per week, and with this rate continued to
There is, too, afloat food the end of the season, the aggregate consumption for
said, into the pessimistic state.
will be 8,8*0,000
in abundance and of a most exhilarating character to 1904-05, as given by Mr. Ellison,
United States mills, both North and South, are
Speculative interests bales.
feed and stimulate such a spirit.
to believe; the
6trongly committed to the side of
still
higher values than
those recently ruling declare that a virtual crop disaster
is
already threatening.
Some go even
that the 1905-06 yield in conjunction
further and urge
with the surplus
doing better than last season, and the year's total bids fan:
only
to reach 4,300,000 bales of 500 pounds each, against
3,909,000 bales in 1903-04— a highly gratifying developIndia will likely consume about 100,000 bales
ment.
preceding season, or, in round figures,
carried over at the end of the current season will more than in the
pounds each and for Canada,
be insufficient for consumption requirements without 1 350,000 bales of 500
—
July
'
THE CHRONICLE.
22 1905.]
World's consumption
Mexico, Japan, etc, a very liberal allowance would
be 1,000,000 bales of like weight. Bringing these various
we have
items together
a total of 15,190,000 bales of 500
United Btfttea......
1903-04.
8,168,000
8,008,603
India
1,244,1
Canada, Ac
.
tion in the spinning season of 1901-5.
It will be readily
—
Europe
each as representing the world's probable consump-
lbs.
ZM
I
1904-05.
consumption
end of year
1,300 tOOO
4,iuo,ooO
i.ooo
\ooo'
l.ouo.ooo
1,000,1
14,010,428
1,190,198
i
!'."io.ooo
601,934
Left over at
1906-06
8,840,000
16,400,000
8.278,198
1
5,8 in.ooO
6,198
seen, therefore, that as a result of the large yield in 1001-
05
world will
October
surplus
existing
tho
augmented compared with
be
The
1005
1
iu
the
October 1
1004, to the extent of 2,007,001) bales, not counting, of
course, cotton remaining on plantations or at uncounted
towns
iu the South.
1905
to
This immense addition October 1
the reserve supply ought certainly to dispel
all
of a famine, unless, forsooth, a great crop disaster
fear
occurs the current season which shall reduce the United
States production
1905 very materially below
in
500,000 bales.
But let us compile in detail the outlook
as the probable
In India, since
there has been an increased area planted,
it is
will contribute a little
it
new supply than
of the
in 1901-05,
miscellaneous sources
and the
reasonably
more to the world's
same should be true
—Brazil, Peru, West
moderately better.
It
is
least
11,820,000 bales of 500
given weekly in the visible supply
table
Department of the CHRONICLE.
The
2,767,000
of
the season of 1902-03
Hence we
our compilation with that
start
among
it is
each.
total.
Ac-
(September 1 1903) were in Europe alone 080,000 bales
of 500 lbs. average net weight each.
The
we have sought
point
to bring out
by
this investi-
is that,
with a crop as small as 10,500,000 bales,
or even smaller, in the United States in 1005-00, any ex-
and safely
in spinning requirements could be easily
provided for by encroaching upon the world's surplus stock
of cotton. Indeed, only about half the
amount contributed
of
1001-05
the situation at the end of
1005-06,
from the bounteous harvest
would be called
for,
therefore, presentinga wider
margin
many
for confidence
than at
seasons prior thereto.
Mills abroad are largely engaged
true to
some extent
in this country,
the possibilities that quite a proportion of
up rather than
the orders entered were for stocking
near-by wants.
lbs.
cording to Mr. Ellison, spinners' stocks at the same date
the close of 1903-01, or for
but
or beginning
it is
tinue through 1905-06.
is
those
of
reduced to net bales of 500
inch an important feature of the current season will con-
ahead and the same
total
if
to that surplus
an open question whether the
heavy demand from Eastern markets which has been
consumption,
to
spin-
the Cotton
in
1,150,285 bales
bales less than indicated for 1901-5.
As
all
1903-04 was 1,200,000 bales of running weights, or
gation
reach at
each, or
lbs.
than
the visible stock comprises the total of the various items
cess
of 1905-06 will
the world's cotton crop
(5,
Less
September 1 1903 and all cotton in farmers' hands or at uncounted towns in America on that
Most of our readers know that
date and since then.
consequently highly probable
that
in 1005-
compilation we omit
this
that
Indies,
Likewise, Egypt, from the present outlook, should do
etc.
evidence
ners' stocks
1905-06.
yield in this country for the current year.
certain that
In
10,500,000 bales.
above, conservative sentiment seems to
upon 10,500,000 gross bales
settled
conclusive
even though tho American crop should reach
items at the close
for
furnishes
can be no impending cotton famine
there
of
As we remarked
have
10,-
foregoing
If this should prove to
be the
fact,
CONDITIONAL BIDS IN MUNICIPAL BOND
for
SALES.
an
took from us 277,671,500 yards of cotton goods in the
The question whether bidders for municipal bonds are
making their bids "conditional," when they reserve the
year 1902-03 and but 76,886,531 yards in 1903-01,
right to assure themselves as to the legality of the issue,
easing up in mill activity might result.
fiscal
has had 421,461,410 yards in
ter
eleven months of
the
Great Britain has shipped
1904-05.
China, which
to
that
same quar-
502,293,000 yards in the eight months of 1904-05,
only
against
331,669,000 yards for the like period of
1903-04 and 378,180,000 yards in 1902-03.
there
is
Yet as
look for some
many quarters to
consumption in 1905-06—chiefly
a disposition in
increase in
as a result of
war between Japan and Kussia
notwithstanding the phenomenal advance
the anticipated close of the
— assume that,
in consumption the current year,
that idea, moderately to
we
add, in deference to
the 1901-05 total
given above
and place the aggregate at 15,810,000 bales of 500 lbs.
each, or 920,000 bales more than the year's new supply,
and leaving as a result of the two seasons a net addition
to the visible surplus as it stood at the close of
1,057,000 bales.
we
the reader
the matter
more
all
and 1905-06, but
also for
expressed in bales of 500
lbs.
of
clearly before
subjoin compilations covering not only
ures for 1904-05
ing season,
To bring
1903-01
fig-
preced-
the
lb*,
net.
1903-04.
World's vis'l stock begin, of year.. 1,1 50, 285
Year's new supply
United States..-.
9,841,671
lndia
2,031,400
ECTPt
Brazil,
..Total year'ssupply
.
The
14,069.341
17,587,000
14,6
15,209,026
18,786,198
18,096,198
neverthe-
general discussion of
of
$310,521 of " additional water-works bouds."
Bids were
When
invited up to July 7, at 11 o'clock A. M.
the pro-
posals were opened it appeared that the highest two otlers
came one from a Boston house and the other from a 2s ew
Y'ork house.
name
In
of either
this article
house, since
we
it
shall not allude to the
is
not essential
cussion of the point at issue, and also because
to the
Both are houses
standing.
to
two
of
acknowledged responsibility and of
Half the amount
house offered
to
The Boston house put
In
tho
to
the two.
bonds had ten
of the
The
run and the other half twenty years.
series, the
dis-
we wish
avoid the appearance of taking sides as between
block.
1,000
the
from those in
interesting
city of Troy, in this State, recently offered for sale
10 1-73.
307.516
for
facta
able.
3.27>;,t'J
1,27
differ essentially
The
bond offerings in the particuunder consideration might not bo sensible and advis-
New York
3,001
method
of policy in the
lar
sale.
Moreover, they suggest whether a change
the question.
1905-06.
10,-"iO,000
do not
and furnish a theme
less
years
13,230,000
0,000
1,187,000
210,000
1,275.7*4
Ac
1904-05.
1,199.198
in the present case
other previous cases, but they are
high
each.
WORLD'S SUPPLY AND CONSUMPTION.
Bales 500
has again been raised in a recent bond
take
in
tho
entiie
at
lot
separate bids lor tho
average figuring out lul-si
public advertisement
of
foi
I
the
whole
!|
ug
was provided that "the Comptroller shall sell and
award the said bonds to the highest bidder or bidders
th.reior."
Under this proviso the award would m
it
i
r
THE CHRONICLE.
238
Ordinary circumstances have been
the Boston bouse,
to
ders
[Vol. lxxii,"*3
must have held a
tacit reservation to the
same
effect,
would have yielded a larger sum of money while taking care not to let it appear in their proposals.
As a matter of fact, however, the bonds For it is inconceivable that any municipal bond house
to the city.
went to the New York house, and we understand that would buy an issue of bonds and place it with its clients
the main reason why the higher bid of the Boston house without first receiving legal advice as to whether these
lince tbeir bid
was not accepted was that it contained a clause to the bonds were a good and valid obligation.
Under these circumstances, does it not seem as if our
eflect that their proposal was to be subject to the opinion
either
oi their attorneys, Messrs. Storey, Thorndike, Palmer & municipalities should pursue one of two courses
issued
regularly
themselves
furnish the opinion of well known legal auThayer, that the bonds were legally and
The City Comptroller, acting upon the thorities, or allow intending buyers to have such an
in all respects.
advice of the Corporation Counsel of Troy, held that the examination made, and to say so in their bids.
This
presence of this clause in the hid made the proposal a last privilege would have an obvious advantage from the
standpoint of the bidder because it would leave the
conditional one, which therefore he could not accept.
consimilar
municipality without any excuse for retaining his check
may
recall
that
a
somewhat
Our readers
troversy arose in this city several years ago and that it or deposit of money in case the bonds were shown to be
was settled in much the same way. At the New York illegal and he refused to take them. Of course a city
City bond sale in August 1898 one of the largest and, as could not bind itself to accept the opinion of any firm of
attorneys, for that would leave it at the mercy of a disit happened, the highest bidder, stipulated that his proposal was to hold good only in case his counsel approved honest bidder who might have no difficulty in getting an
—
The city authorities ruled that opinion to order if he repented of his bid. But where, as
a proposal qualified in that way was not unconditional, in the case of the Boston house, in the matter of the
and they accordingly refused to consider it, and the bonds Troy bonds, the legality was made dependent upon the
the legality of the issue.
went
to the
contested, but the case
The
a conclusion.
would appear
lore,
That award, as may be opinion of a legal firm of such high standing as Storey,
was never carried to Thorndike, Palmer & Thayer, there could obviously be
next highest bidder.
was
recalled,
officials of
to
the city of Troy, there-
have been following precedent in
taking a like stand themselves.
no objection
to letting the provision
The other method
referred
furnishing legal
itself
of the bid.
that of the municipality
to,
opinion
form part
as to
the validity of the
to issue, has much to commend it and is growing in favor,
bond issue can technically be considered too. Under this method, where the counsel selected is
as making the bid "conditional," it can not be denied of recognized standing, bidders are relieved of the necesthat refusal to allow such reservation seems decidedly sity of giving any attention to the question of legality.
anomalous. It certainly can not be urged that a require- It also saves expense to the prospective buyer a cirment that the bonds must he legal and regular in every cumstance which would be expressed in a better bid for
Waiving
the point as to whether a reservation as
the legality of a
—
way
Furthermore, could a
not perfectly reasonable.
is
municipality insist that a bidder must take the bonds
it
if
turned out that they were not legal, no matter what
conditions the
gard
authorities sought
impose in that
to
This raises the point whether there
?
Does
it
not follow as a matter of course that
of bonds
is
not lawful in every
and complete authority
do not
fulfill
for the
way
—
if
any occa-
is
making
sion to insert a proviso as to legality in
a
is
not
proposed bonds or
if
legal requirements in every particular
buyer can not be forced to take them
proceeding on the assumption that
and perfect
offer,
does not the contract or bargain
article.
If
it
is
no such
has
full
they
—the
The bidder
%
the city
legal
bid.
fail
is
offering a
article to
because
it
is
and the
places,
Orange, N.
J.,
from various
which was
in
refusing to
accept an issue
of
the
Trust Co. as
other near-by
and
H. Caldwell and
Y.,
tion held
by Messrs. Dillon
Caldwell in reference
bond
None
country.
reminded
need be
&
cited
our
of
pre-eminent posi-
the
of
And
Hubbard
or of Mr.
J.
H.
questions affecting municipal
to
issues.
Still
another practice which
For would he not be
clearly within his rights
Hubbard
S.
readers
the question of legality in his bid"?
he
U.
parts
legality of the issue.
if
&
Mortgage & Trust Co.
many other instances of the same kind m'g it be
reference whatever to
be amply protected
bonds always
Bochelle, N.
furnish the opinion of J.
certificate of the
made no
part of the
Among
New
Mt. Yernon, N. Y.,
&
Mortgage
S.
genuineness of the bond.
to the
ipalities is to insert
its
If this view be correct,
U.
certificate of the
same ?
would not a prospective buyer
unable to perform
J., in offering
furnishes the legal opinion of Messrs. Dillon
an issue the
if
there
re-
Atlantic City, N.
the bonds.
that bidders
is
resorted to by some munic-
a requirement in their bond offerings
must assure themselves
We
advance of the
do not imagine that
vision could bind bidders in
actually prove illegal, for
in
any way
how
it
this pro-
the bonds should
could a municipality force
any reason invalid! In other words,
would not the position of the Boston house have been
issue, or
just as strong in this
not so, the only effect of such a provision could be to put
ence
silence
to
for
legality?
instead
of
regard without the
That
frankly
is,
had
stating
ing the bonds they would ask for the
attorneys (one of the best
known
specific refer-
they
that
preserved
before
tak-
opinion of their
firms in the country),
a bidder to accept a bond .which the city had no right to
which was worthless?
boud houses
examination
to needless expense.
made
only
when
the other contingency they
made
But even
Now
if
this
they have a legal
they get an award.
would need
were
to
In
have examina-
in the thousands of cases where they put in
and prove unsuccessful bidders. In the end
opportunity to assure themselves as to the legality of the such a situation would result in lowering the price obissue, while at the same time they would have got the tained for the bonds.
The method of having the municaward, since it could not in that case have been claimed ipality itself furnish competent legal opinion as to the
that the bid had a qualifying condition attached to it. validity of issues offered for sale would appear by all odds
If, after consulting with their counsel, the latter had the best.
The added expense is a small item compared
found the bonds defective, would any court of law have with the better price that is almost certain to be
eought to force the bonds on them? All the other bid- obtained.
would not they in any event have retained the right and
tions
proposals
July
THE CHRONICLE.
22 1905.]
GROWING MAGNITUDE OF OUR FOREIGN
TRADE.
239
immediately preceding.
years
Considering the
tremendous advances that occurred in the domestic prices
of the
oi
wheat, the fact certainly
attention that the
attracts
The import and export statistics for the fiscal year end- average on the expoit shipments of 1901-05 was no inoro
in" June 30 100.") which have just been issued afford than S8*8 cents per bushel, against 81*1 cents the prevtestimony to the giowiug magnitude of the country's for- ious year and 76-9 cents in 1902-03.
All this simply
and
the
inward
shipments
outward
the
Both
trade.
eign
means that notwithstanding our home scarcity arising
1-
shipments exceed in value' those of any preceding period
ct
The merchandise exports amount
twelve months.
to
|1,518,462,833, this being the first time in the country's
history that the total has reached 1,500 million dollars.
The
were
imports
merchandise
only one
equally noteworthy record, since in
the value
year has
fiscal
of the
As
1,000 million dollars.
an
81,117,507,500,
previous
imports gone
above
compared with the year imhas been an addition to the
mediately preceding there
merchandise exports of over 5S million
and an
dollars
addition to the merchandise imports of over 120 million
dollars.
But
merely serves to
in 1901-5
this further increase
and emphasize the general tendency towards
illustrate
growth in our external trade, year by year and decade
Too
by decade.
close attention to the
changes from one
from
being able
plies,
rels
In this case, though, the price realized
1903.
in
was somewhat
iu
having averaged $1 51 per barrel
1905, against $4 05 in 1904.
better,
Beducing flour to its equivalent in w'aeat, the aggregate of our wheat and flour shipments in the latest year
is seen to have been only 44,166,500 bushels, as against
120,727,613 bushels in
quantity shipped
upward
imj on
when
afiorded
is
A better
the time.
all
idea of what
is
the figures are arranged in five-
year peiiods and the yearly results thus averaged
way
this
the temporary
go-
and unimportant setbacks
—
in
experi-
enced in particular years disappear and the prevailing
For the
tendency stands clearly and fully revealed.
five
last
years the average of our merchandise exports has
been
million dollars per
1,453
annum, which compares
movement was
before
have averaged 972
five-year
latest
million
period,
Similarly
that.
as
average
the imports
dollars
per year
against
711 million
in
the
dol-
average for the five years from 1896 to 1900, and
777 million dollars, the average for the five years from
lars, the
1891
Our
1895.
to
external
total
trade (merchandise
We
total trade in the
At
tare.
we append a
the end of this article
losses iu
209 million bushels and in 1898 over 208 million
bushels.
Including corn and the minor cereals, the total
all breadstuff's
exports in 1905 was only $107,-
In 1904 the total value was $149,050,378; in
1903 $221,242,285; while in 1898 it was as much as
$333,897,119, compared with which, therefore, the 1904
total
shows a decline of over two-thirds.
In no year
for
over three decades has the value of the breadstuff's exports been so
And
1905.
small
as
$107,500,000 recorded
the
yet in spite of
that fact
a whole, in 1905 were, as
One item
The degree
very latest year was 2,636 million dol
the
all,
000 bushels of corn, as against 55,858,965 bushels in
1904; in 1900 the corn shipments had aggregated over
seen, the very largest on record.
1,669
year, but, after
exported altogether about 89,050,-
exports, as
annum the previous five years and
annum the five years before.
of the
somewhat over
offsetting the
aged 2,426 million dollars per annum, against 1,898 milmillion dollars per
market value
exports improved
imports and exports combined) the latest five years aver-
lion dollars per
true of the
is
moderate proportions, and the increase
of
wdieat and flour.
500,000.
years
also of the
went only a small way towards
value of
five
true
is
What
for 1905.
the small total of the previous
ous five years and but 892
of the
those
The corn
shipments.
with an average of only 1,157 million dollars the previmillion dollars the
1904, 202,906,273 bushels in
1903 and 234,772,515 bushels in 1902. We would have
to go back over thirty years to find exports of wheat and
the foreign trade as in everything else) serves to obscure
t'.ie
obtain from other wheat-producing
what the United States was unable or unwilling to furnish.
In like manner our flour shipments were
reduced, having aggregated only 8,837,000 barrels,
against 16.999,432 barrels in 1904 and 19,716,484 bar-
flour as small as
edly
to
for their sup-
countries
year to another (and necessarily there are fluctuations in
general trend, which in this instance has been mark-
wheat shortage, foreign consumers were
last season's
not willing to pay appreciably higher prices
merchandise
we have
which contributed
of course
in
already
an important
general total of exports was cotton.
to swell the
In the previous
the
for
year the value of the cotton ship-
fiscal
table show-
ments, by reason of the phenomenal prices obtained, had
*ng the merchandise imports and exports for each year
been by far the largest ever reached, notwithstanding
1891 and also the averages in five-year periods.
That the merchandise exports should have increased
since
in a year like
1904-05 attracts particular attention,
in-
shipped was
that the quantity
As
since 1895-6.
it
was a foregone conclusion
exceptional price obtained in that year could
uch as in several directions the conditions were unfavorable to normal exports and the shipments of certain
articles consequently actually fell off. But the advance in
peated during 1904-05, some reviewers,
the general total in lace of such declines furnishes the best
pointed
evidence of the giowing diversity
be based on
of
our outbound trade,
membered, expressed
value
of
out
the
at
it
that the
not be rewill
be
re-
fears lest a large contraction in the
shipments
cotton
the
any year
the smallest of
time
fallacious
that
notions
should
We
seemed to
that while there was
these
—
ensue.
fears
under which leading staples no longer hold the position
of paramount
importance they once did.
We need
no likelihood of a repetition of an average price of L2£
hardly
any likelihood
say that
ticularly of
tions.
we
As
sent
our shipments
wheat and
a
matter
abroad
flour,
of fact, of
no
of breadstuff's,
dwindled
wheat
to
in
than
the
that
price
obtained
obtained
on
par-
propor-
native state
more than 4,400,000 bushels
1904-05 as against 44,230,109 bushels
154,856,102 bushels in 1901-02.
It
that
small
its
and
in
1903-04 and
in
is
was
but
the
export
noteworthy
little
higher
shipments
cents per
pound on the cotton exports, neither was there
of a return to the
per pound realized
price has proved
low average of 6 cents
some few years
to
The actual
As at the same
before.
be 8 13-16 cents.
time the quantity shipped increased from 3,063,912,760
lbs. in
1903-1
to
4,304,738,803
from one of the smallest totals
lbs.
in
1904-5 (rising
of recent years to the very
largest ever reached) the high total (in value) ol (he cot-
ton exports of the
previous year,
nameh $370,810,246,
THE CHRONICLE.
240
was not only maintained, but was actually increased over
nine million dollars, raising
The
to
it
all
[Vol. lxxxt.
would
classes of goods
also be
augmented.
As
has
already been
shown, merchandise imports for 1904-05
were $1,117,507,500, against $991,087,371 for 1903-04,
From the figures
1,080,000,000 an addition of 12GJ million dollars.
$380,000,000.
petroleum shipments also again increased, advanc-
ing from 901,860,345 gallons in 1903-04
to
months we observe that practically all
raw material, manufactured goods,
attained), and this brought with it an increase in the classes of goods
value of the petroleum exports from $79,000,105 to partly manufactured and luxuries contributed to the
Large increases occurred in wool, in silk, in
$80,000,000. The exports of provisions and dairy prod- gain.
ucts, however, further declined in value, though not sugar, in jewelry, in hides and skins, in India rubber and
very largely, the total decreasing from $170,027,580 to in coffee. In not a few instances higher prices tended,
$170,300,000; in 1901-02 the amount had been $199,- along with enlarged quantities, to swell values. This is
Altogether the export values of the four lead- particularly true of sugar, where the average pvice of the
851,378.
ing staples enumerated breadstuff s, cotton, provisions imports was 2-03 cents per pound in 1905, against 1-90
1904-05 (which
gallons in
last
figure ever
the best
is
eleven
for the
—
—
—
and dairy products and petroleum notwithstanding the
gain in cotton and petroleum, were only $737,800,000,
and as much as
against $774,948,315 the previous year
the falling
in
oft
$1,460,827,271
the exports, the
in the imports in excess of tfiat in
trade balance in the country's favor in
the latest year of $37,000,000
mer-
ment) of $400,9^5,333; the amount in 1903-4 was
In face of this large balance on the mer$469,739,900.
we have
all
seen, rose from
already
must chandise
Thus there
$1,518,402,833.
to
With an expansion
reached the respectable figure (on the merchandise move-
in the exports of these four staples, the total of
chandise exports, as
cents in 1904.
1904-5 was not as large as in the previous year, and yet
$857,340,486 in 1900-01.
With
—
trade, the country exported
$92,594,024 of gold
have been an expansion in other exports of $95,000,000 gross and $38,956,162 net. Taking this gold movement
which fact further serves to emphasize the diversifica- into account and also the silver movement, the balance
tion of the outward movement.
Still the increase here on the combined movement of merchandise and the
is not as general as might be supposed from the magni- precious metals did not, after all, differ greatly in the two
tude of the amount.
eral
and miscellaneous
but
advancing,
is
Our merchandise
found
the
bulk
certain
in
are
articles
of
exports in gen-
undoubtedly slowly
gain
the
special conditions facilitated a large export
In
the
case
of
for the full twelve
general
these
in
goods
of
classes
exports
movement.
the
steel
exports and
The copper
it is
May 31
the copper and the
cotton exports are mainly responsible
the increase.
figures
months are not yet available, but
evident from the returns for the eleven months to
that the iron and
1905
where
for
the extent of
exports were $77,040,277 for
being
years,
848,406
1904, as will
for
1905 and $473,be seen from the following
$461,329,924
for
table.
EXCESS OF EXPORTS
Year ending
June
1905.
1904.
(+)
OR IMPORTS (— ).
1903.
1902.
1901.
$
$
Mer'dise + 400,955.333 +469,739,900 +394,422.442 +478,398,453 +604,592.82«
Silver
+21,418.429 +21,703,888 +20.086,768 +21,500,136 +27.898.659
30.
$
$
%
„
+ 422.373.762
Gold... +38,956,162
+491,443,788 +414,509,210 +499,898,589 +692,491.485
—17,595.382
+2.108,668
—3,452,304 —12.866,010
+ 461,329.924
+473,848,406 +416,617,778 +496.446,285 +679.625,476
Total.
Total.
Financiers and economists have
long sought
to ascer-
months of 1905, against only $51,989,335 for tain what becomes of these large trade balances year by
the eleven months of 1904 and $37,064,109 for the eleven year.
We shall not enter into a discussion of this feamonths of 1903. The iron and steel exports for the ture on the present occasion. Without undertaking to
eleven months were $122,907,300, against $100,267,566 rehearse the part played by ocean freights, undervaluation
in 1904 and $88,169,525 in 1903.
The exports of cot- of imports, interest on American securities held abroad
the eleven
ton manufactures were (for
eleven months)
$44,069,-
$20,203,725 in 1904 and $30,082,128 in
019, against
1903.
Conditions in the export trade of cotton goods with
known and it is
Chinese Empire alone took
the East improved very materially as
interesting to
note that the
is
$24,444,642 of cotton goods in 1905
against only $3,566,900 in 1904.
The
(eleven months),
depression which
prevailed in the iron and steel industry for a good part
of 1904 made resort
to the foreign
try an absolute necessity.
market in that indus.
For copper
there has been a
and the re-purchases by American investors of large
amounts of these foreign-owned securities, it is evident
that in recent periods a new factor has come into play.
We refer to the placing here of large amounts of foreign
Take the past year for example. In November
loans.
Japan
negotiated a loan of £12,000,000, of
1904
which one-half was placed in the United States.'
1905
In March
the
same
countrv negotiated
a loan for £30,000,000, one-half of which was placed
in the United States, and the present July Japan nego*'
tiated another £30,000,000 loan, one-third of which went
Moreover, last October an Amerto the United States.
demand but not at the high prices preThe copper shipments of ican syndicate brought out a $40,000,000 loan of the
1905 had a value of 13-69 cents per pound against 13-00 Republic of Mexico. While subscriptions for these latter
cents per pound in the previous fiscal year. Our exports bonds were also invited in London, Frankfort, Berlin
of leather goods and particularly boots and shoes have and Amsterdam, it is believed that a considerable amount
also increased, but on the other hand the shipments of found a market in this country.
Then there are the
wood and manufactures of the same fell off considerably, smaller loans offered from time to time by Manila and
and a number of other items also show decreases.
the Philippine Islands and by Hawaii and Porto Eico.
As for the imports, some expansion would naturally Altogether, it seems less difficult to account for the dis-
persistent
large
vailing in the United States.
be expected
to
follow the
growth in the export trade,
since development of a country's
foreign
commerce
de-
pends in no small measure upon
position of the country's trade
balance
now than some
few years ago.
We
an interchange of comappend a series of tables which have furnished the
Moreover, with the revival in trade and busi- basis of the figures and remarks contained in the above
ness which developed towards the close of the calendar discussion.
They will be found useful for re!erence andi
modities.
year 1904,
the
country's consumptive requirements lor
as a matter of record.
1
.
July
1
AND EXPOHTS OF MERCHANDISE FROM
Krcess ot
Exports or
Imports.
Merchandise.
r
Exports
J
m ports.
241
RAILROAD GROSS AND NET EARNINGS
FOR MAY.
We have a very favorable statement of railroad earn
month of May, both as to gross and as to
net.
As compared with the corresponding month last
year our compilations show an improvement of $11, 133,inga for the
48.894,098
212 397,086
7,126.461
244.132.692
75.60s. 200
1,720,089,669
B I. ,389,880
4.460,959,966 3.887,394.340 Kip.
sJ2. 191,993
7T7.478.8I
678,606.626
114,713.125
8,348,354,306
1,868.670.861
779.724,674 Kip.
764,730.412
102,882,264
286.263,144
615.433.676
74.813
544.541.89S
1. 602. 331. 612
17
'
s47.
S91.907.709
.s07.538.105
Total 6 years.
-
Average
888,008.881
050,993,656
1,231.482.330
227
1,394,483.088
I
Kip.
697.148,489 Kip.
M9.941.1S4 Kip.
010. 049, (154
I
>stf.,20s
Total 5 year«_
1,157.317.843
Average
187,764.991
881,173,166 Kip.
903.320,943 Exp.
IS1.719 401
1,420,141.679 1.025,719,237
991,0*7.371 Kip.
1.460,827.271
1.518.488.833 1.117,507.500 Sxp.
116,175 4.860,807.221
5 years.
A
1
,
Kxp
flsrures
>08,130
per cent.
9.494.1s.! 621
present year than last year.
much more
Obviously, conditions were
2,310,937.156
2.285,040,349
2,445.860,916
2,451,914.642
2,635.970.333
are exclusive of gold and silver In ore exported
In gold and sliver.
VALUE OP BREADSTUFF'S EXPORTS.
Aside from the
Y"r
ended
Flour.
Total
W>ieat <fc
Flour.
8
$
ll
Wheat
Whtat.
June 30.
S
51.420 07.-1
161,399 132
891 ....
I
M
M
s.
....
....
....
897
Eg
....
Ho....
901 ....
8!"—
-
905 a...
59.407 041
003 51
S6S 52
69.930 178 65
145. 0S4 659 69
104.209 109'73
73.237.
90.771. 743 '09 459. I'm.',
661.974|
112,875
104 :.; 756,404
35.S50 31s eg 894.836
3.907 G00i40 160,000
Corn.
Corn.
d
Total all
Hreadsl'Us.
Flour.
s
705,610 106,125
230,701
494,347 169,029
271.770 128.678
051.928 95,457
025.217 91.735
914.347 115,834
261,718 214,948
•J7n
893
Wheat
Tot.
$
888 17 ,652 687 123 77s. 575 128 121.050
4 5
590 100 278 351,875 299 ,303,117
31
58; 511 193 516 828 200 312.05
1
1
1
Sll
154 158 889,965
.777.229
707 110 10S.35SI114 ,604 780
802
129
II
,830
571,947
,356.993
,087, 152 109, 921,077 197 .867,219
.190, S50 289 145.227333 ,897,119
,977 44s 246 340.487 273 999 699
,200, 400 226, 208,368262 ,, 14,07s
,527, 983 248, 759.022 275 .594,618
185, 073 194, 722.869 213 13 1,344
,540, 637 202, 092.145 221
12.285
071, 334 134, 816,488(149 .050.37S
330, 000 87, 397.600 107 .500,000
'<'
,211.
59
085
525 54
377 74
17 7.303 039 'OS
140.997 966 85
100.231 039 S2
I
17S.537
161,551 50s 40
104.745, 154'30
44.007 000147
:
1
1
,'-•
and
volume of business was far in excess of that in 1904, the month had
one more working day than the corresponding month
a year ago, May 1905 having contained only four Sundays as against five Sundays in May 1904.
Last year,
too, there were a number of disturbing iuiluences which
the iron
steel trades particularly the
among them
BREADSTUFFS EXPORTS B\ QUANTITIES.
At
Wheat.
fear ended
Jm*3d.
Flour.
per
bush
Bush.
S'J2
893
J S94
ss, 415. 230
711.102 704
_
896
18*15
00.050.080
897
12.020
1.261
H
Hi
139.432. S15
101.950 3 s9
900
901
132.000.667
151.s50.102
114.1S1.420
44.230.169
4.400.000
902
1903
1904
1905 a
« Figures
tor
Corn.
per
bush.
and Flour
$
Bush.
Bush.
$
0.933 11.344,304 4.S22 100,181.316 30.708,213
4.959 225,665.810 75,451,849
1 .020 15.19&.769
0.799 10.620.339 4 .542 191.912,634 46,037.274
0.672 16,859,533 4.109 164.283.119 05,324,841
0.576 15.208.892 3.3S3 144.714.146 27.691,137
0.655 14.620.864 3.55S 126.443,90s 99,992.835
0.753 14,569,545 •3.849 145,088.972 170,916,365
__ 217.300,004 208.744.9.39
0.9S3 15,349.943 4.512
0.74S 18,485,690 3.954 222.618.420 174.0S9.094
0.718 18.699.194 3.624llS0.090.504 209.348.2S4
0.733 18.650.979 3V724 215.990,073 177,817.905
Q 729 17.759,203 3.697 234,772,515 26,636,552
0.709 19.716.484 3.748 202,906.273 74,833,237
0.811 16.999,432 4.053 120,727,613 55.85S.905
0.SSS 8.837.000 4.545 44,166.500 89.050.000
Bbts.
55.131.948
157.2S0.351
117.121.109
891
Av'age
Wheal
Tot.
bbl.
the
extra passenger
benefits
movement,
the
say
$
.574
.551
.534
.462
.529
.378
.306
.355
.397
.407
.464
.608
.542
.538
.532
St. Louis.
In the South, of
that
May
larger
1905 aggregated 626,431
May
against only 100,727 bales in
cotton
Southern ports the
cot-
bales, as
1904; while the ship-
ments overland were 103,953 bales, as against but 18,281 bales. Western roads had a larger live-stock movement, though a smaller grain movement.
May
January
•
(100 roads.)
1904.
1905.
Net.
32.691.936
36,265,119
1905.
Inc. or Dec.\
$
Gross. 121,005,979 109.872.115
Exp _ 84,740,800 77,180.179
$
+
+
+
May
1 to
31.
(100 roads.)
Inc. or Dec.
1904.
$
$
$
$
11.133.864 559,894.654 528.119,864 4-31.774,790
7,560.681 406.044,315 384.741.0S9 4-21,903,226
3,573,183 153,250,339 143.378.775
9,871.564
4-
told that the present year's
gain in earnings follows a loss
EXPORTS OF LEADING STAPLES.—COTTON, BREADSTUFFS.
PROVISIONS AND PETROLEUM.
the
which can be judged
of
the
at
important
deriving
from
importance
The reader need hardly be
1905 subject to slight corrections
been
year
present
the
from the Louisiana
have
roads
the
course,
arising
traffic
Purchase Exposition at
ton receipts in
Av'age
'age
per
the Masters'
and Pilots' strike on vessels plying on the Great Lakes
and the miners' strike in Colorado. On the other hand
in May 1905 the roads most immediately concerned lost
an advantage which they had had in May 1904, namely
when we
• Figures for 1905 subject to slight correction^.
,
fact that
our industries were in a state of greater activity, that in
did not exist the present year,
/
auspicious the
1,898.836.724
which we Include
uiportod.
864 in the gross earnings, or 10-13 per cent, and an improvement of $3,573, 1>S3 in the net earnings, or 10-93
1,816.723.968
1.847.631.984
1,924,171,791
9.944,484.866
2,408,108,954 12.129 723.396
481,621,7911 2.425.944,079
972,101,444 Kip,
453,78
fo-eeolng
1.701.1
664,592,826
478,398,463
894.422,442
469.739,900
400 955.333
1.
1904
1905
l
3.707,594.413 Kip. 2,078,994.798
741.51S.SS3 Kip.
415,798,959
1,
1901
902
•—The
Total Imports
and Exports.
788 Kip.
817.496,397 Srp.
S54 I05.i7t) IJmp.
847,776 017 'Kip.
731,909,905 A'jrp.
B84.841.88
S93.4S3
i
TO
1881
INCLUSIVE.
1905.
June 30.
6
1
.
THE CHRONICLE.
22 1905.1
fraLUE OF llll'OKTS
Ytar
1
.
May
in
But
last year.
whereas the present gain, as stated above, amounts to
$11,133,864 in gross and $3,573,183 in net, the falling
Year
r-
.
t
Jui* 30
Provisions
Hulls.
Cotum.
and
Petroleum. Total
Dairy
x
Total all
Exports.
128 121
299.363
200.312
166,777
114.604
141,356
$
S
050 290 712.898 139 017.471
461.241140 302,159
771,445 13S 401.591
229 210 869.289 145 270.643
7s0 204 900.990 133 634.379
993 190 056,460 131 503,590
219 230 890. 971 1137 ,138,084
442.215 167 340.9 .0
564.774 175 508 608
832.737 184 453,0;
673,443 190 959,037
051.81
861.378
ISO. 429 179 839,714
810.210 170 027,586
OO0.JO0 170 300,0
off last
.026,734
,s05,9g_
.142,058
.499,806
,660,082
,383,403
.035.037
.125.578
,273.168
,611.750
71 ,112,788
72 302,822
67 ,253,533
79 ,000.105
,000.000
609.878 ,759 884,341,884
742.992 509 ,029.893.483
569,627 748 847.278,725
564,410 ;904 89 1,907,. 09
499,800 231 807.518.165
525,300 446 882.000.938
028,521 311 ,050.993.556
7--, S05 87211 ,2„1. 482,^30
715,340 2491 .227,023 302
70,4, 041 020
,394.483,082
857,340 486! 1 .487,764.991
775.950 303 1 ,381,719 401
784.515 9fllil .420.141,679
774.948 .315 .400.s-7.271
737,800 000 1 ,51S.462,833
1
1
net alike
—and
Year
Year
Given.
Preceding.
57,420,30*1
81,058.532
97.147,152
•0.907
J
I
Jan. I
1.005. 979
In .\fay
Pounds.
Gallons.
2 907 35H.795
5.820.779
1.411
220.777
2,212 115.126
50,129.850
55,568,910
69,034.144
07.075,074
72.sS5.300
85.860.170
90.091.128
90.800,791
111.028,554
109.872.115
4.05
2.335
3,103
7.681.004
382
1
1
lit
1,008,
.".754
4.304
+ 8,789
14,878,949
14.015,804
5.134
20.S83.314
23,310,286
26 283,210
js. 040.038
2s.937.3sl
+ 11,133.801
+ 11
71.7:'
08,301.520
+8,625,684
+ 4.750,003!
+ 8.1.
+ 11,286.982
+ 6,76
+ 13,082,199
—2,46
1905 subject to slight correction
.
026,428
—
34, sol, 07
—1,017.164
+ 2.1MI.045
5,712
+ 2,404.033
1.498.125
+
+ 4,800,570
+ 1,139.390
+ 6.0:
+ 3,573,183
1
32,091,930
+ 3.421,328
+ 3,957.308
16,489
12.181
'.797
ll..
—
In 1896 the
128: n 1898
num
11,128
21
,785,173
ol
roads Included (or
127
123: In 1900,
101; in 1904, 103 in loo.-, loo. w e
or the coal-rnlnlrr; operations ol the anthl
The showing
.1.504
,0.339
ier
for the separate
tin-
128; In
is,
there arc
amounts
in
road, as
usually happens, leads
both gross and net.
month
1901,
Jl*
116
ide the
in
our
In
1902, 109;
Hoxlcan road*
tol
N in accord with
many gains fur large
roads
1.080, OUO. 01 10
sneral totals—that
for
Increase or
Decrease.
13.861,785
10.795.849
20,820,840
23.JS7.947
24.808,411
31,083,786
29,779,428
33.9 10
31.-07,800
30,205.119
4 1,861,393
.
,
x Includes both crude
and refined, but not residuum, the exports of the latter
••tag very small.
• Fltures
Preceding.
,i
401
912,760
1.194
Given.
119
1,014
910 044.718
950
'
Year
262 2471 4-28
+ 57
1.910
264,296
','
1
884
son
75
a long
for
Earnings.
Year
512
1902.
6.171
—
31.
390.824 981
709
714,
4.431.220
5.397.509
Ne
In rrease
or
Decrease.
400 230 370 978
Oil
270
772
772
925 320 505 1111
X I'rtrolrum,
Bales.
amounts, too
8
50,138,645
1898.
1897.
1904.
Cotton Exports
for considerable
Gross Earnings.
Year
1900.
1901.
1902.
1903.
COTTON AND PETROLEUM EXPORTS BY QUANTITIES.
es.. :;:.:;;;;
Moreover,
gross and
in
the years preceding
in
time back, as will appear by the following.
11,677
• Flruxes for 1905 subject to slight corrections.
m Including both crude and refined, and
also residuum.
only $2,463,288
continuous improvement in gross and
there had been
07,059,828
Tear end ng June 30.
May was
year in
$2,993,868 in net.
I
..
Four
Staples,
Products.
The Pennsylvania
in
the
magnitnde
Kailof
its
THE CHRONICLE.
212
having increased
improvement,
earnings for
gross
its
[YOL. LXXXL
In the foregoing
we have been
dealing
entirely with
and west of Pitts- the roads that furnish monthly returns of both gross and
In addition there is a number of roads
burgh) by $2,305,700, and its net earnings by $G00,200. net earnings.
The number of roads which have fallen behind in which report as to gross alone, comprising some promi-
the
month
(lines directly operated east
any
gross lor
sum
considerable
small,
very
is
but
In the lollowing we combine these latter
nent systems.
somewhat more numerous owing with the total of the foregoing, gotting in this way an
In the following we show aggregate of gross earnings which includes every road in
to augmented expenses.
all changes for amounts in excess of $30,000, whether the country from which it lias been possible to procure
figures of gross for the montb of May.
increases or decreases, in gross and net.
ROADS REPORTING GROSS BUT NOT NET.
PRINCIPAL CHANGES IN GROSS EARNINGS IN MAY.
the losses in the net are
Increases.
Increases.
'
Wheeling & Lake Erie..
Canadian Pacific
St. Louis Southwestern.
Penna. RR. (2 rds.)..-i/$2,305,700
Southern Pacific
835,419
597 ,209
Baltimore & Ohio
Philadelphia & Heading. *593,507
Atch. Top. &. Santa Fe.
506,797
473,149
Rock Island System
St. Louis & San Iran
380,100
369,119
Chic. Mil. & St. Paul...
Mo. Kan. & Tex
335,878
Southern Railway
318,843
&
Louisville
Nashville..
285,867
267,725
266,078
221,878
209,400
188,377
184 ,538
183,738
179,368
165,101
164,734
164,663
160,800
143,256
135,478
128,678
Lehigh Valley
Erie
Mo. Pac. Svst. (2 r'ds).
Norfolk & Western
Central of
New
Jersey..
Chesapeake &Ohio
Minn.St. P. &S.S.M..
Atlantic Coast Line
Union Pacific
Seaboard Air Line
Colorado
&
Long Island
Buff. Roch.
Southern...
&
Phila. Halt.
Pitts
Hocking Valley..
Denver & Rio Grande..
& Wash..
Central of Georgia
N. Y. Ont. & Western.
Wisconsin Central
Dul. So. Sh. & Atl
Mobile & Ohio
Minn. & St. Louis
Northern Central
Ft. Worth & Denver City
Chic. Ind. & Louis
&
Bangor
Aroostook...
& Tex. Pac.
Cinn. N. O.
8119,775
115,505
114,503
110,800
103,425
99,137
76,454
70,354
63,931
56,210
54,700
52,509
41,734
39,041
32,840
Total (representing
$10,916,384
43 roads)
Decreases.
Gr. Tr.of Can. (3rds.)..
Peoria & Eastern
Ann Arbor
$71,538
47,316
33,415
PRINCIPAL CHANGES IN NET EARNINGS IN MAY.
RR.
Southern Pacific
Chic. Mil.
Baltimore
& St. Paul...
& Ohio
Rock Island System
Seaboard Air Line
Lehigh Valley...
Southern Railway
Central of New Jersey
Island
Long
Chesapeake
& Ohio
Central of Georgia
Union Pacific
Wheeling & Lake Erie..
Minn. St. P. &S.S.M..
N. Y. Ont. & Western..
Atlantic Coast Line
St. Louis Southwestern.
-Colorado & Southern
Norfolk & Western
& Tex
Bait. & Wash
Mo. Kan.
Phila.
Hocking Valley.
Buff. Roch. & Pitts
1/8600,200
(2 rds.)
Philadelphia & Reading.
Mo. Pac. Syst. (2 r'ds).
ar403
,1
Det. Tol. & Ironton
Great Northern
Montana Central
Southern
Internat. & Great Northern.
Illinois
Macon & Birmingham
Mobile Jack.
1
378,331
364,969
354,588
327,559
308,837
175,991
175,264
140,853
137,488
136,850
126,317
121,169
118,669
92,676
74,046
73,420
66,613
65,139
61,534
47,287
41,350
40,500
$38,359
35,747
Total (representing 28
roads)
$4,506,870
Decreases.
Wabash
Illinois Central
Erie
Yazoo & Miss. Valley...
Gr. Tr.of Can. (3 rds.)..
Ann Arbor
Nort hern Central
C.C.C. &St.L.
N. Y. Susq. & West
Kansas City Southern..
Atch. Top. & Santa Fe.
Ga. So. & Fla
Toledo & Ohio Central..
Peoria & Eastern
$264,991
219,646
183,977
89,288
75,431
51,853
50 ,400
47,722
43,464
42,448
41,670
40,559
39,073
30,975
Total (representing 16
roads)
$1,221,497
When
to their
the
roads are arranged in groups according
geographical location or the nature of their
K. C,
Northern Pacific
Texas & Pacific
Texas Sab. Val. & N.
Toledo St. L. & West
1904.
S
S
Increase.
Decr'se.
$
$
102,222
3,460,373
207,220
22,858
486,005
9,657
94,137
2,832,410
212,233
22,439
366,835
8,462
8,085
627,963
£47,993
7,137,502
4,427,190
877,163
£40,371
6,369,999
3,716,113
798,891
15,000
298,418
63,945
7,622
767,503
711,077
78,272
W...
5,991
310,495
56,197
final result
May
cent.
in the
in
—
1.195
This follows a
May
9,009
7,748
21,770
....
27.
sum
of $14,390,517, or 11-09 per
year prepared
loss in the totals last
sales of
and were
- - •
an increase in gross earnings
same way of only $3,721,773,
all
—
12,077
or 2-77 per cent.
ITEMS ABOUT BANKS, BANKERS AND TRUST
shares,
• *»*
is
here
the large
—The public
5,013
419
119,170
144,103,256 129,712,739 14,412,287
14,390,517
.09 p. c.)
k Figures here are for the four weeks ending
The
m
incl.
Total (118 roads)
Net increase (11
bank stocks
made
GO'S.
week aggregate 44
The transactions in
this
at auction.
company stocks, also all auction sales, reach a total of
20 shares. The price paid (2703^) for 10 shares of stock of
the Greenwich Bank shows an advance of 25 points since
March of this year, when the last previous sale was made.
BANKS—New York.
Snares.
Price.
Last previous sale.
trust
2 Corn Exchange Bank
10 Greenwich Bank
Brooklyn.
32 City Bank, National
1905—
380
July
270H
Mar. 1905—
381
245
BANK
TRUST COMPANIES—New
5
figures are for the Railroad Co.; the Coal & Iron Company
reports a decrease of $3,133.
y These figures cover only lines directly operated east and west of
Pittsburgh and Erie. The net on Eastern lines increased $390,700
and the net on Western lines increased $209,500.
x These
&
Gulf & Chic. Division
N. Y. Cent. & Hud. Riv
for
Increases.
Iyictcq, °cs
1905.
Reported above (100 roads) 121,005,979 109,872,115 11.133,864
Ala. N. O. & Tex. Pac—
New. Orl. & Nor. East...
236,188
182,115
54,073
91.102
Ala. & Vicksburg
105,865
14.763
Vicksb.Sh. & Pac
111,528
97,208
14,320
Chic. & North Western
3,835,909
767,948
4,603,857
Chic. St. Paul M.&O
795,037
888,973
93,936
Total (representing 5
roads)
$152,269
x These figures are for the Railroad Co.; the Coal & Iron Co. reports
an increase of $294,357.
y These figures cover only lines directly operated east and west of
Pittsburgh and Erie. The gross on Eastern lines increased $1,413,200
and the gross on Western lines increased $892,500.
Penna.
May.
Bowling Green Trust Co
15 Metropolitan Trust
Co
—The stockholders
of the
305
York.
205
.
631
Trust
Jan.
1905—
May 1905—
May 1905—
Company
of
295H
210
621
America,
135 Broadway, voted on Monday to increase the board from
twenty-four to thirty members, and elected Charles W.
Morse and E. C. Potter directors.
—
It is reported that three memberships in the New York
found that every group records a large gain
Stock Exchange were transferred this week, one for a conin gross and every group also a large gain in net, with one sideration of $78,000, one for $79,500 and the other for
solitary exception.
The exception is the Middle West- $80,000. The last previous sale was at $72,000.
traffic, it is
ern group, and
there
the
Illinois
sponsible for the adverse result,
it
Central
having
is
chiefly re-
lost
$219,616
in net with an increase of $26,515 in gross.
SUMMARY BY GROUPS.
Section or
Gross Earnings
Net Earnings.
May.
Trunk Llnes(lO)
Anth.Coal (5)..
East.<fc Mid. (14)
Mid. West. (15) .
Nor. Western &
No. Pao. (14)..
So. West. & So.
Pac. (18)
Southern (24)..
1904.
1905.
$
1904.
31,509,106 10,174,265
8,216,062 3,890,697
3. 85D, SIT
1,255.155
6,858,476 1,532.404
%
9,849,602
3,144,875
1,045,463
1.676,814
16,199.733
15,074.009
5,509.104
4,846,9S2
29.5S1.527
26.330.022
18.033,623
8.577,805
5,325,689
7,393.988
4,734.212
34.513,224
9,o60,797
4,418,285
7.188.754
19.743,(359
Total (100)... 121,005.4,79 109.872,115 36,265.119 32,691,936
Mexican
(4)
4,586.676
4,484.746
1.642,352
1.332.352
Inc. or Dec.
+ 324,063
+ 745,822
P.C.
u .29
23.71
+209,692 20.05
—144.410 8.61
+ 662,122
+ 1.183,817
+ 591,477
+ 3,573,183
13.66
16.01
12.49
10.93
+310.596 23.32
Jan. 1 to May 3i.
Trk. Lines (10. _ 157. 175.280 146,748,776 38.172,724 35,233.173 + 2,939,551 8.34
Anth.Coal (5).. 41,555;^39 38.395.212 16,680.181 14.285.754 +2.394,427 16.75
E. & Mid. (14).. 18,824,022 17 213,140 3.041, 804 3.175.536
+ 466.268 14.67
Mid .West. (15.. 34,785,549 33.805.380 8,163,475 8.210.442
—46.967 0.5S
No. West. &
No. Pac. (14).. 76.003.329 70,061,928 24.839,669 21,314,797 + 3.524,872 16.53
8o.
West.
&
• So. Pac. (18)..
138.955.989 133.519,204 35,273^J<lS 35.529,524
—256,516 0.72
Southern (24)... 92,595.140 88.373,218 26,479!47S .""5,629.549
+ 849,929 3.32
•Total (100)... 559.894.654 528,119,884 153250339 14337^775 +9,871.564
Mexican (4)....
21.919.392
22.061,292
7,461,223
6,569,7§4
+
Several weeks later
6.
Group.
1905.
—
There is some question as to whether the Connecticut
savings bank tax bill reducing the amount from 14 of one
per cent to 3-16 of one per cent has become a law. The
bill, favorably reported by the Committee on Finance, had
been rejected by a large majority in the House on June
6.88
891,439 13.57
Wednesday morning
it
was passed by the Senate. On
week the House concurred with
of this
action of the Senate in the passage of the bill.
Later it was moved that the House reconsider its action
with regard to the measure, but when the time came to take
the matter up it was found that the bill, with others, had
gone to the Governor for his signature. It was then voted
The latter had already
to recall the bill from the Governor.
signed the bill, but accommodatingly scratched his signature
the
off.
—The New York Produce Exchange Bank
of this city
is
now domiciled in its attractive modern twelve-story office
building, corner of Broadway and Beaver Street.
The banking rooms are on the main floor, reached by a large corner
entrance. The new building's unique exterior of Indiana
limestone, light brick, ornamental iron trimmings and handsome bay windows present a striking appearance in a neigh-
THE CHRONICLE.
— Cashier G.
borhood where there are several larger and more pretentious
J TLY 22 1905.1
The
buildings.
institution's
new home
in
the
A. Conzman, of the defunct Vigo County
National Bank of Terre Haute, Ind., was arrested on Wednesday on the charge of embezzlement. The report made to
Bowling
Green district would appear to be better situated for busil
purposes than the old quarters in the Produce Exchange
The bank has several nourishing branches in difBuilding.
The present officials, Forferent parts of New York City.
rest H. Parker, President, and William A. Sherman, Cashier,
have
officiated in these positions since the
business in
1SS3.
John R.
Wood
is
243
W. 1). Frazer gives assets of
$936,520. The assets arc divided as follows: Good, $858,045; doubtful, $203,104, and
bhless, $68,538.
the Comptroller by Receiver
$1,129,687 and
bank commen
—The
liabilities of
&
Savings Bank of Grand Rapids,
The new bank is an
adjunct of the National City Bank of Grand Rapids, as has
been heretofore noted, and the same directors serve
The City Trust has a capital of $100,the two institutions.
000 and a surplus of $20,000.
Assistant Cashier.
City Trust
Mich., began business on the 13th inst.
—
Judging from the new statement just issued by the 11 mlson Trust Company of Hoboken, N. J., the past year has been
Deposits increased
a prosperous one for the institution.
from 89,052,318 on June 30 1904 to $11,731,584 June 30
Surplus and profits advanced from §940,075 to
1905.
$1,101,038 and aggregate resources from $11,109,065 to
$13,353,458. Myles Tierney as President and J. H. P.
—
The Colonial Trust & Savings Bank of Chicago announces that it will increase its capital from $200,000 to
SG00.000 and its surplus to over $500,000 by issuing four thouReilly, Secretary.
sand additional shares at $200 per share. Several prominent
The first report issued by J. W. Schofield, Receiver of Chicago interests have allied themselves with the bank and
the Fredonia National Bank of Fredonia, N. Y., to the will be represented on its board of directors
Comptroller of the Currency, shows total assets of $991,305
It is expecttd that the oigamzation of the projected
and total liabilities of $S95,884. Of the assets $374,821 are Mutual Trust & Savings Bank of Chicago,
referred to in
classified as good, $257,603 as doubtful and $35S,881 as
these columns February 11, will be perfected in the early fall.
worthless.
An assessment of 100 per cent, which the report Consideration is being given by the organizers to the inaugindicates as necessary, will probably be made upon the stockuration of a plan providing for the payment to depositors of
holders.
3 per cent interest on their deposits, and a distribution to the
The directors of the Old Colony Trust Company of Bos" shareholders of dividends of 3 per cent, and an equal division
ton, Mass., have appointed F. G. Pousland to the position of all profits over this between depositors and stockholders.
of Treasurer.
Mr. Pousland has lately been Acting TreasThe Live Stock Trust & Savings Bank of Chicago, which
urer.
opened lately as successor to P. J. Harmon & Co., has as its
Receiver Frank D. Allen of the Central National Bank officers P. J. Harmon, President; John E. Traeger. Viceof Boston has brought suit against the directors to recover President, and J. E. Griffin, Cashier.
The institution has a
between $300,000 and 8500,000. In his bill of complaint capital of $200,000.
Mr. Allen, it is said, alleges that the directors are morally
The resignation is announced of J. H. Van Dyke Jr.
and legally responsible for the losses that led to the bank's First
Vice-President of the First National Bank of Milfailure, which occurred in November 1902.
waukee.
W. H. Slingluff has been elected President of the MontThe Wisconsin Bankers' Association at its annual congomery National Bank of Norristown, Pa., to succeed Benja- vention on the 12th and 13th inst., held at Ashland, voted
min Thomas, resigned.
Egbert Baily has been appointed down the proposition advocating the adoption of the AmeriActing Cashier in Mr. Slingluff's place.
can Bankers' Association money-order system. William B.
—
.
—
—
—
—
—
—
—
—
The vacancy
Bank of Pittston,
in the presidency of the First National
Theodore Strong, has been
office of William L. Watson.
Watson
as
—The
Banks (President
of the First National
Bank
of Superior)
is
Pa., occurring through the resignation of
Vice-President.
the new President of the Wisconsin organization.
by the election to the
The death has occurred of Richard T. Morgan, ViceJoseph L. Cake succeeds Mr. President of the National Union Bank of Oshkosh, Wis.
Mr. Morgan was one of the principals in the bank's organ-
—
filled
is announced of the Century Trust ization.
Wilmington, Del. The capital is $100,000.
The enlarged United States National Bank of Denver,
The Maryland National Bank of Baltimore, which lately Colo., representing a consolidation of three banks, namely
increased its capital from $200,000 to $500,000, has pro- the United States National, the Commercial National and
vided for additional members on its board, and elected new the Union National, will begin bi siness on Monday, the 24th
directors as follows: S. Davies Warfield, F. S. Landstreet, inst.
Mention of this intended combination was made in
Alexander Brown, J. H. Wheelwright, Franklin P. Cator, these columns June 24. The new institution has a capital of
Hugh L. Bond Jr., and E. H. Thomson, all of Baltimore; $600,000 and a surplus of $200,000. The former quarters
George J. Gould, Anthony N. Brady ,Winslow S. Pierce and of the Commercial National will be used by the consolidated
S. R. Bertron of New York.
The former members, who still bank.
continue as directors, are Thornton Rollins, Rufus Woods,
With the termination of the life of the National Bank
F. C. Seeman, Joseph Di Giorgio, W. W. Edmondson, H. S. of Raleigh, at Raleigh, N. C, whose charter was allowed to
Piatt, William J. Chapman, J. S. Macdonald, C. O'Donnell lapse at the expiration on the 17th inst., a new institution,
Lee, II M. Wagner and E. A. Jackson.
Edward H. Thom- the Raleigh Banking & Trust Company, came into existson, of the banking firm of Edward H. Thomson & Sons, has ence. The latter has a capital of $100,000, but under the
been elected President of the bank, to succeed Thornton Rol- charter the amount may be increased at such times as may
lins, who, desirous of retiring from active management, ten- be desirable.
The new institution started in business on
dered his resignation to take effect August 1. H. S. Piatt Wednesday. Its officers are those under whom its predehas also resigned as Vice-President; this vacancy remains cessor's affairs were conducted, namely Charles II. Belvin,
unfilled.
President; Charles E. Johnson, Vice-President; F. H.Briggs,
The stockholders of the Dollar Savings & Trust Com- Cashier, and J. B. Timberlake Jr., Assistant Cashier.
pany of Youngstown, Ohio, have approved an increase of
The proposed consolidation of the Canal Bank & Trust
$500,000 in the capital, raising the amount to $1,500,000. Company and the Louisiana National Bank, both of New
The increase is a preliminary to the consolidation with the Orleans, alluded to July 8, now seems assured. The plans
Wick National Bank. It was reported some weeks ago for the union of the two have been announced, and only the
that $1,000,000 of additional stock would be issued, but this ratification of the stockholders is needed to effect this latest
announcement was evidently premature.
bank consolidation in the Crescent City. The instituThe Franklin County Bank of Columbus, Ohio, a private tion formed by the merger will be known as the Canal
in-titution owned by Milton W. Strait, with a capital of & Louisiana Bank & Trust Company, and it will have a
$10,000, suspended on the 12th inst. The announcement is capital of $2,000,000 and a surplus of $500,000. The stockmade that the Northern Savings Bank, now organizing, and holders of the Canal I'.ank & Trust will be allotted 60 per
which it was reported several weeks ago would take over the
(or $1,200,000) of the capital of the new concern,
Franklin County Bank will have no connection with the while the stockholders of
the Louisiana National will
Company
incorporation
—
of
—
—
.
j
j
—
—
—
latter.
receive
40
per cent
— $800,000.
This
distribution
will
THE CHRONICLE
214
be at the rate of share for share to the stockholders of the
Canal, the capital of which was increased to$l ,200,000 upon
the
of the recent consolidation with
the completion
Provident Bank & Trust Company; in the case of the
Louisiana National the exchange will be on the basis of
1 3-5 shares of new stock for one share of present slock, the
Louisiana National having a capital of $500,000. The new
bank will have as its President R. M. Walmsley, now occupying a similar position with the Louisiana National.
Charles Janvier, the present executive of the Canal, will be
Vol lxxii.
Coulson, General Manager and Cashier, and Joseph Henderson, Assistant General Manager.
—
The Dominion Bank of Toronto is reported to have
purchased the leasehold property at the corner of Yonge and
King streets on which its banking house is located and the St.
Charles Hotel, the latter adjoining its building on the Yonge
Street side.
The plot has a frontage of 83 feet 1 inch on
King Street and 76 feet 5 inches on Yonge Street.
The
amount involved in the transaction is said to be $350,000.
Hon. E. B. Osier, M. P., is President ,Mr. T. G. Brough, GenThe other eral Manager and H. J. Bethune, Chief Inspector.
First Vice-President of the new institution.
and
officials will be S. P. Walmsley, Gilbert H. Green
Cashier;
George W. Young, Vice- Presidents; J. F. Couret,
:XtmctavyiCCommcx*ciiil^ngUsTt2ljcvus
E. H. Keep, L. J. D'Aquin and E. M. Toby, Assistant
,
,
Cashiers.
—T. Ellard Beans,
President of the Bank of San Jose, at
San Jose, Cal., died on the 12th inst. Mr. Beans was one
of the bank's organizers. He was seventy-six years of age.
—The Comptroller has approved an
application to organwith $100,000 capital, the California National Bank of
Riverside, Cal.
T. E. Stevens, of the Blair State Bank at
Blair, Neb., is interested in the movement.
ize,
—The organization of the Northern Bank, a new
institu-
which is to have its head office at Winnipeg, Manitoba,
about to be completed. Applications for stock are being
tion
*s
received [by S. S. Cummins, secretary for organization, at
the provisional office, the Merchants' Bank Building, Winnipeg.
The authorized capital is $2,000,000, in shares of
$100 each. It has been decided to issue at present one-half
the authorized amount, or 10,000 shares, at $110 per share.
The terms of payment are $5 per share of the par value on
application, $15 per share on allotment, $30 per share on
the first day of the month immediately succeeding the date
of allotment, and $10 per share every three months thereafter until the whole amount, including the premium, is
paid.
The following have consented to act as directors upon
James H. Ashdown, Chairman; D. C. Cameron,
G. R. Crowe, H. M. Howell, K. C; Sir Danielj McMillan,
Capt. William Robinson, Hon. R. P. Roblin, Fred. W.
Stobart, E. C. Warner and A. Stamford White. J. W. de
C. O'Grady, late Manager of the Bank of Montreal at Chicago, will be General Manager of the new bank.
election:
—The City National Bank of Kansas
City, Mo., which, it
understood, held paper of C. J. Devlin to the amount of
more than $100,000, closed its doors on Thursday. Mr.
Devlin was a large stockholder in the First National Bank
of Topeka, and to the recent suspension of the latter is attributed the closing of the Kansas City bank. The City
National Bank was organized early in 1900 with a capital of
$250,000. It was announced in February of the present
year that a change in the ownership and a complete reorganization had occurred and the capital increased to
$300,000, fully paid. It was also stated that an examination of the books and assets had been made at the request
of the officers, preparatory to reorganization, and every
questionable or doubtful asset charged off. The Comptroller, according to report, this week informed the officers
that the bank must take up immediately $200,000 of bad
paper.
is
—The National Bank
of Cuba, headquarters Havana, has
opened new branches lately at the following points Caibarien, Guantanamo, Santa Clara and Pinar del Rio. The
branches heretofore established are located at 84 Galiano
:
Havana; Santiago, Cienfuegos, Manzanillo, Sagua
La Grande, Cardenas and Matanzas. The New York office
is at 111 Broadway.
The bank has a capital of $5,000,000.
Street,
—
The Bank of Toronto, with headquarters at Toronto
has opened a branch at Winnipeg. J. R. Lamb takes
charge as Manager. The opening of this branch occurred
on the bank's fiftieth anniversary. It was established in
1855, when the paid-up capital was £27,435. At the present time the capital is $3,350,000 and the reserve $3,650,.
000. These amounts will be increased to $3,500,000 and
$3,800,000 respectively when the new stock recently issued
shall be fully paid.
In June we were officially informed
that over 60 per cent had then been paid. The deposits
last month reached a total of $19,742,920.
W. H. Beatty
is
President;
W.
G. Gooderham, Vice-President;
Duncan
LONDON,
Saturday, July 8 1905.
Although not as much as might have been expected, a
considerable amount of excitement was created at the beginning of the week by the mutiny of the Kniaz Potemkin,
of the Russian Black Sea fleet.
It was at first feared that
the whole of the fleet would follow the example of the battleship.
But when it was seen that while the Russian Admiral
did not dare to fire upon the mutineers, he had sufficient
authority to get his fleet back to port, and, if the statements
from Sevastopol can be credited, disarmed the ships and sent
the sailors home on furlough, it was at once recognized that
the affair was less formidable than it has appeared.
Nevertheless, a party of desperate men in the condition of the
crew of this Russian ship of war is always in danger of getsome piratical escapade which might involve some
of the neutral Powers concerned.
Apart from the incident in the Black Sea, the Russian
crisis shows very little change from last week.
There is
continued anxiety in financial and political circles both in
Paris and in Berlin. Russian stocks continue to fall in price,
but the fall is gradual. It is coming more and more to be believed that the long-drawn-out agony of the Russian crisis
will allow time for the French and German markets to adA theatrical fall
just themselves to the altered conditions.
in the price of Russian fours, for example, might cause widespread ruin in the Paris financial world. But a gradual dex
to-day and a full point to-morrow and so on, spread
cline of /2
over months, seems less likely to have such serious effect,
though losses of course will be incurred.
Barring the Russian situation the outlook is decidedly
more favorable, both from the stock market point of view
and that of the general trade of the country. Money is
cheap and plentiful. It is now generally felt that the recent
incident regarding Morocco between France and Germany
will be amicably settled, and the business world is taking very
philosophically the dispute between Sweden and Norway.
The harvests in Europe are for the most part good. It is, to
be sure, a little too early to speak with any confidence so far
Nevertheless, the crops are
as we ourselves are concerned.
looking very favorable. The price of wheat is high, owing
ting into
American shortage of last season.
The completed railway traffic returns of the
to the
lish
principal
Eng
companies for the past half-year bear out the genera
impression regarding the state of the home trade. With the
exception of the Great Central Co. and the Lancashire &
Yorkshire Railway, both of which have benefited by the
improved condition of trade, particularly in Yorkshire, hardly any of the great lines have increased earnings as compared
with the first half of last year. On the contrary, for the
most part they show heavy declines. The London & North
Western has an estimated decline of no less than £8S,000
When it is remembered that this compares with a decline of
over £90,000 for the first half of 1904, owing to the then state
of the cotton trade, it will be seen that this system has been
carrying considerably less goods than formerly. There
seems very little doubt that as a nation we are at last endeavoring to economize to some extent. Certainly there are
indications that that is so as far as London is concerned.
The London season, now drawing rapidly to its close, has
been far less brilliant than was expected at its opening.
The King, as usual, has done all in his power to encourage
We have had two royal visits, and of course the
trade.
great magnates have entertained in the manner expected
But, speaking generally, the less opulent of the
of them.
wealthy classes have been showing a disposition to cut down
—
JUL! 23
;
!
.
.
.
,
TIIK CHRONICLE.
1905.]
undue
With the turn Of the half-year money
and plentiful. Indeed, on some days it is
September
attention.
become cheap
lias
difficult to employ
Day-to-day loans are readily obtainable
by those in first-class credit at about 1 per cent, and threeto a shade below this figure.
months' bills are, roughly,
'JU
per cent; that, how
firm
at
is
Six months' paper
has nothing to do with the state of the money market !>nt is
due to the fact that the bills will mature in January next.
Thursday's bank return shows the influences at work at the
end of the half-year, and cannot, therefore, be regarded as
The direcclearly foreshadowing the state of the market
215
Supplies available for consumption (exclusive of stock on
expenses as far as they conveniently can without attracting
it
H
.
l):
Wheat Imported.
.•«
t
ot llour
sales oi
homo-grown
at all profitably.
1901 5.
86,034 sou
.
,
[903
17,262,
13.373.948
I
i
69.329.086
16.451,128
22.013.296
;
10.324.623
109,020,868 112.628,202 107.793.510
..
Total
l
90 i-2.
60,369 098
I, '.092. 503
2.'. 1)37. 597
a
l.
78,041,136
11.612.120
Imports
Average price wheat, week
Average price, season
31s. 81.
30s. 7d.
99.499.258
30s. 8d.
27s. 9d.
27s. 9,1.
25s. ll)Jd.
20a. Id.
27s. 2d.
:!
1
>
.
The
tors again fixed the rate of discount at 2)4 per cent.
return indicates that they have
Owing
less daily.
But
this should
fallen to just over 26 millions sterling, or
be growing
the reserve has
to the seasonal causes,
4'2
:!
4 per cent of
This compares with a reserve last
the bank's liabilities.
year of just under 23} £ millions sterling, when the proportion of reserve to liabilities was [6}A per cent
The India Council offered for tender on Wednesday 40 lacs
ami the applications exceeded 384 lacs at prices
ranging from Is. 4d. to Is. 4 l-32d. per rupee. Applicants
bills at Is. 4d. and for telegraphic transfers at Is.
for
4 l-32d. per rupee were allotted about 9 per cent of the
amounts d fapplicor.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
of drafts,
1905.
1904.
July
July 5.
£
Other securities
,oin ...
Reserve..
Coin *bu'l.on. both dep'tS..
Prop, reserve to llabllltiesrp.c
per cent.
Bank rate
Consols. 2*i per cent
Silver
July 9.
£
£
29.983,005
7,808.708
40,643,664
15,275,513
26,224.745
24.907.203
36, 715. SOS
34.276. 1S1
4.; 7-16
3
30.007,445
10.461,187
41.035.172
1S.4S6,460
26.398,295
25,45"
37,689,802
48 11-10
517-16
3
3
90K
90s
92«
27(1.
26 15-lii.l.
203.021,000
24%d.
335.384.000
Clearing-House returns
JulyS.
6.
29.319,825
7,916,217
42.355,262
16.903.766
28,009,300
23,406.356
2H
1902.
1903.
£
30,711,275
11.301,171
49.955.542
16.752,444
36.374, S19
26.200,50s
3S. 461.783
Circulation.
Public, deposits
Other deposits
Goverarn<"it se-urities
maize
96 3-16
24?4d.
186.923.000
210,758,000
afloat to tin-
the quantities of wheat, flour
1
qre.
qrs.
..qrs.
equal to
lour,
Make.
and
United Kingdom:
Lait ten k
Tiiis meek.
Wheat...
1903
3.020.000
110,000
2,975.0011
115.1)00
i.OOO
815.000
1902-3.
75,000
270.000
1,230.000
I.
-.000
1,8
180.000
955,000
—
English Financial Markets Per Cable.
The daily closing quotations for securities, etc., at London
as reported by cable have been as follows the past week:
London
Week ending July 2\.
a very considerable con-
still
market.
trol over the outside-
The following shows
.|
hi on.
Sal.
peroz
d 27 3-16
90 9-16
consols, new. 2H P- cts
Consols, for account
90Js
French Rentes (in Paris). fr
\naconda Mining Co
5i4
88.'^
Atch. Top. & Sanla Fe
Atch. Top. A Santa Fe pref.105
1 1 7 ? 5
Baltimore & Ohio
Baltimore A Ohio pref
156
Canadian Pacific
55
Chesapeake & Ohio
Chicago Great Western
20 'i
Chicago Milw. & St. Paul...lsd'.;
Chicago Rock Isl.&Pac.Ry. 32)3
Denver & Rio Grande
Denver & Rio Grande pref.. 89
Silver,
Erie, common
Krie, 1st pref
Krle, 2d pref
90H
9117-16
99.30
5%
89^
Wed.
Tues.
90 5-10
00 i.
90 3-16
90 1-16
PIP
99.37
91) •„
in. :_"..
SS5»
88H
j
105
'•'.
99.42>i
105H,
lure
117',
117)4
100
156 Vg
55
lis
100
100
156^
156'.;
55 M
55
20H
2
§3
90
186H
*
32 y±
89^
48',
85
73
174
152 \i
'
H
Inion Pacific, com
Union Pacific, pref
C.S. Steel Corp., com
U.S. Steel Corp., pref
...132M
100K
35 ii
104%
22
C
29^|
294
65H
38
65
38
151!^
151^
55
89
5.',',
S9
96
177
73)4
a Philadelphia & Reading... 5-1's
a Phila. & Reading, 1st prof. 4s
a Phila. A Reading, 2d pref. 4s
Southern Pacific
67 ii
34
Southern Railway, com
Southern Railway, pref
lOOJi
?£&
22Y4
Mexican Central
22H
Mo. Kans. & Tex., com.
65
Mo. Kans. & Tex., pref
Nat. RR. of Mexico
38^
N. Y. Cent. & Hudson R1V..151H
X. Y.Ont.& Western
54
88
Norfolk & Western
96
Norfolk & Western prel
Northern Securities
Pennsylvania
n*
H
174
152
,
20H
,;:-
187
33
33
4KJ4
Illinois Central
Louisville & Nashville.
9i.
176U
73 H
180
73H
54H
l\«
54
48
48
67
48
48
67%
34M
48
48
.67
K
34 %
34M
101
134
101
101
132%
133^
100H
100
35 K
100
355^
105?^
20
40
35"4
104%
Wabash
20
Wabash, pref..
_
40^
Wabash, Debentures "B"__ 75
En.
Thurs.
27 \i
27K
27K
1051-1
20
20
40
75
40^
75
74H
a Price per share.
The
money have been
rates for
June
London.
Bank
rate.
—
Open market
4 months
Interest al'.T.red lor deposit
By
By
2
1-16
—
2Ji@2^
1H
1%
1«
discount houses
call
7 to 14 days
The Bank
JulyS.
Bank Open
Rati.
Interest at
3
Paris
Berlin
3
3
3
2\i
Hamburg
Frankfort
Amsterdam
Vienna
Madrid
Copenhagen
at the
3H
4
4
ZH
2U
2V|
2U
2\i 2 1-16
3
2%
2%
Z¥>
nom.
5y\
4H ZH
4
4
2K
2H
7-16
2V3
2%
2
3
3
3
3
nom.
4
4
June 17
Bank Open
Market. Rale. Market.
IK
3
1 11-16
2y2
3
ZH
5)4
4H
2>4
3
Zy,
2\i
2J|
&
Pixlev
Open
4
Abell write as follows under date of
July 6:
GOLD — The
demand for Paris fell off at the end of last week and the quotation
to 77s. 9d.. but this week there has again been more Inquiry and all arrivals have
been taken for Paris at 77s. 9Hd. At the Bank £300,000 has been received from
Egypt and £8.000 has been sent to Gibraltar. Arrivals: South Africa. £462.000;
Bombay £119,000: River Plate. £9,000. Total, £590,000. Shipments: Hornbay £68.000; Singapore. £15,000; Colombo, £2,500; Calcutta, £30.500. Total.
fell
£122 000.
8ILVKR— With
no inquiry for the East the price of spot silver fell to 20 13-16d.
on the 30th ult.. but a few special orders corning on the market caused a reaction,
and on the 3rd and 4th Inst. 27 l-10d. was quoted.
Since then the price has been
27d.. at which we close.
Forward silver is still quoted 3-16d. under cash. The
Indian rate l?Rs. 68^ per 100 tolahs. Arrivals: New York, £115.000. Shipments:
Bombay, £195,000; Calcutta. £50,000. Total, £150 006.
MEXICAN DOLLARS— Nothing doing in these com.
The quotations
GOLD.
for bullion are reported as follows:
6.
D. 8. gold coin, oz
German gold coin, oz.a76
.
4'
gold coin, oz..n76 4'^
Japanese yen. oz
—
d.
77 9'A
76 i\\
a70
4H
t.
9K
77
76 4)2
a70 4)f
n76 4«
aid 4)f
July
London Standard
29.
d.
,
6.
.
d.
June
grs. gold, oz.
4 grs. gold, oz
3 grs. cold, oz
f>
..
27)4
27 7-16
27 5-16 27)i
27 1-16
27H
29
16
29'A
1
nom.
nom.
"•*
£**
3
S**"
Indian corn
Flour
Aug
w,,n?,
19,360,600
13.400.000
1,877,168
1.354.210
1903-04.
141.136
28,114.526
12.864.494
2,060.790
1,901.548
•;
19m
69,329.086
17,202,443
1901-2.
22
Pacific, com
Pacific, pref
Oct
Oct
"
1
Aug
to
2" " to
Aug
Aug 2
Aug 30
Aug 30
1
Aug
Aug
Aug
Aug
15
Bowery (quar.)
Corn Exchange
"
1
Aug "20
Aug 20
"
to
to
to
Oct 10
Oct 10
Aug
Aug
Aug
Aug
Aug
1
New York
Nat. Exch. (quar.) (No. 105)
Pacific (quar .)
I
rust
Not
15
closed.
Holders of rec. July 15
July 27
to
1
July
July
July
July
July
1
1
1
1
28
23
25
21
19
to
to
to
to
to
July 31
Aug
Aug
Aug
1
1
b
July 31
Companies
Farmers' Loan & Trust (quar.)
Hamilton. Brooklyn (quar.) (No. 53)...
People's, Brooklyn (monthly).
Miscellaneous.
Aug
Aug
Aug
July 23
to
Aug 1
July 25
to
July 31
Holders of rec. July 31
Amalgamated Copper
Aug 28
Aug 21
Aug 15
Aug 1
Aug 1
July 28
American
an
American
American
American
(guar.)
com. (monthly)
Graphophone, pf (qu.)(No.41)
Light & Traction, com. (qu.) .
Chicle,
Ll«ht & Traction, pref. (qu.) .
Shipbuilding, com. (quar.)
iiithlehem Steel Corp. pref. (quar.)
Butte Klec. & Power, pref. (qu.) No. 16
Cambria
Steel
Chicago Edison (quar.)
Clallin, II. B., 1st pref. (quar.)
Claflln, II. B., 2d pret. (quar.)
Internat. Steam Pump, pf. (qu.)
Montreal Light. Heat
& Power
(No.25)
(quar.)..
N itlonal Flreprooftng, pref. (quar.)
Procter & Gamble, com. (quar.)
Pullman Co. (quar.) (No. 154)
Torrington Co., com
Trenton Potteries, pref. (quar.)
s. Bobbin & Shuttle, com. (quar.)..
s. Bobbin <v Shuttle, pref. (quar.)..
Telephone
&
Sept
1
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
1
to
Aug 13
15
to
Aug 21
Holders of rec. Aug. 1
July 23
July 31
to
July 23
to
July 31
Aug
July "26 "to"" July "31
Holders of rec. July 27
Holders of rec. July 31
July 23
to
Aug 1
July 22
to
Aug 1
July 22
Aug 1
to
July 21
to
Aug 1
1
15
1
1
1
1
15
Holders
Holders
Holders
Holders
Holders
July 21
July 21
July 23
July 25
Aug
Aug
Aug
15
15
1
July 25
Aug
Aug
Aug
.
rn
]
July 15
( Jerman-American
Telegraph, pref...
1
1
1
of
of
of
of
of
July
July
July
July
rec July
rec.
rec.
rec.
rec.
to
to
to
17
31u
31
19
20
Aug
Aug
1
1
July 31
a Transfer books not closed, d Four per cent declared payable in quarterly
Instalments, first payment to be made Sept. 1.
—
Auction Sales. Among other securities the following not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian II Muller & Son:
Slocks.
5
U
16.451.128
14.6'
1.77
1..'.'13.799
38()
|
L7.09
Slocks.
Home Ins. Co
15 German- Am. ins. Co
12 (iernian Alll.mr.. Ins.
450
'
56SJ-J
Co
iiowimg Green Tr. Co
60 Reed A Barton Corp
15 Metropolitan Tr. Co
lOOTeftt-Weller Co. pref
32 Nat. City Bk. of P.klyn
2
12.505.320
1.609,827
1,31s. 125
.
9,612,120
July 21
1
July 31
Sept 1
Sept 1
Boston Elevated Ry
East St. Louis (111.) & Suburban (quar.).
Ohio Traction, Cincinnati, pref
Presidio & Ferries,- San- Fran (mthly.)..
Twin City R. T., Minneapolis, com.tqu.)
Banks.
E
IMPORTS.
1904-5.
Books Closed.
(Days Inelusive.)
.
the United Kingdom
with previous seasons:
Imp U of wheat, cwt
iQtey
Union
Union
29.
of cereal produce into
during the season to date compared
uccki—
When
Payable
d.
The following shows the imports
Forty-four
& North Carolina
& Lebanon
Illinois Central (No. 101)...
Illinois Central (extra)
i
Bar silver, fine, oz... 27
26 15-16
" 2 mo. delivery.. 26 13-16 26Ji
Bar silver, containing
Cake silver, oz
Mexican Dollars
"Nomina."
SILVER.
June
July
*.
fine, oz
Cornwall
I
London Standard.
Bar gold,
Per
Cent
Company.
Street Railways.
June2i.
Bank Open
l.
2%
2%
ZH
5M nom.
*H 3^
2H
A\i
4
Messrs.
Bank
nom.
5H
St Petersburg
1$£
of
Railroads (Steam.)
Atlantic
Hi
l^
and open market rates
July
Name
2M
IK
Market. Rote. Market. Rate.
2
3
2
3
2
3
3
2\4
2
3
3
2J4
3
2
3
2H
3
3,W
Brussels
2^@2K
have been as follows:
chief Continental cities
DIVIDENDS.
VA
3
4
mm eveiai and |JXi5ceUanco\is2Vcv\is
<a2H
2
2H
>
(£o
1?£@1 13-16
2H@2 A
2H<fi-2H
1
rates of discount
Rates of
7.
2H
15-16 @2
2
2
2@2 1-16
2 1-16
2 l-16(S2cg
1-16@2H
2J4@2K
2H@2>i
Joint-stock banks
At
1
Julv
2>£
1111
2(5 2
2
6 months
Trade bills— 3 months
JuneZO.-
23.
2¥2
2,'£.
ra'tf
bills— 3 months
4 months
Bank
as follows:
June
16.
Corn Exchange Bank
286
206
130
..631
56
.
llCtmey Isl.4BklynRR.Co 810
500 U. 8. Shipbuilding Co. pref.
and 600 u. S. Shlpbuildl
eommon
$25 lot
752 Bethlehem Steel Corp. prat.. 93H
1.128 Bethlebem8teelCorp.com.
270)4
Bank.
10 O
M
itonds.
1... H.4P.
838.500 11.. |..v..i:
$5,000
Co. lata. I., 5*
$60,000 Cross Country' RR- Co.
10
it Is. 1951
ACln.RR.Oo.
$4,000 Dai
1921. M.
20J<
«.
$1,000 [nd. Dec. 4 \N RR. 1st
109
935, J4J
cotton Mills 1st,
$1s/).mi \ti.ni
50
l.f.,1
1
1
1
•
.
.
THE CHRONICLE.
246
Banks.—Statement
flew York Oily Clearing House
condition for the week ending July
age of daily results.
!
We
15,
Nen \ork City, Boston and Philadelphia Banks.— Below
a summary of the weekly returns ol the Clearing House
Banks of New York City, Boston and Philadelphia. Ihe New
is
York ligures do not include results
uoo ciphers (00) in all
oin.lt
of
1905, based on aver-
cases.
We omit two ciphers (00)
'
!
BANKS.
I
Surplus.
Capital.
Specie.
Loans.
Legal*.
t
Deposity
.
Co.
Merchants'
Mechanics'.
'America
Phenix
1,60(1,0
City
Chemical
..
Ex
iMerch.
.
Gallatin
But. <fe Drov
Mech.&Tra.
Greenwich
'Amer.Exch.
Commerce..
MercantUe
Chatham
People's
...
...
N. America
Hanover
...
sirring
Citizens'
..
Nassau
Mar.di Fait
Shoe&Lthr
Corn Exch
.
Oriental
...
Imp. & Trad
Park
East River
Fourth
Second ....
First
N.V.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Filth Ave..
German Ex.
Germania
..
Garfield
Fifth
Bk.
Met..
of
West
Side..
Seaboard ..
IstN.Eklyn
Liberty
N. Y.Pr.Ex
New
Ainst.
Astor
*
$
$
2,000,0
2,050,0
2,000,0
3.000,0
Bk. of N. Y.
li.it
1.000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
8,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
$
$
2,604,3 17.990,0
2,659,8 25,932.0
14, 095.
1.435,5
3.46S.4 22.128,0
3,847,5 23,654,4
5,114,0
218,8
17,480,7 1S6.627.4
7,6*8,7 24,851,8
305.8
6,088,4
8,856.7
2,234,4
2,095,6
119,9
6,167,0
372,9
4,081,1
654,8
4,260,9 29,735,2
12,113,0 166,218,3
4,371.9 22,608,6
3,689,0
630,4
6,124,0
1,045,5
429.7
2,238,2
2,021,8 14.617,1
6,961,5 48,404.6
7,532,0
1,088,5
634,4 16,516,9
3,380,8
315,2
1,385,8
6,867,5
429,1
6,193,3
3,301,6 31,361,0
1,114,7
8.542.5
6,718,9 24,846,0
7,324.7 72.S29.0
109,0
1,259,5
3,015,9 21,409,6
1,519,4 10,093,0
15,914,:; 103,397,2
883,1
8.788,3
771,0
3,250,0
719,5
4,939,6
546,4
3,898,5
4,399,5 44,377,9
1,769,5 10,380,6
728,5
2,776,6
876,8
2,691,4
1.42S 6 13,844,0
1,287,7
7,416,8
2,677,5
418,5
9,428,5
1,481,1
3,941,0
659,6
1,471,9 14,664,0
4,519,0
625,3
2,038,0 11,590,2
6,434,3
4*4,0
5,*20,0
580,9
4,536.0
594.6
8,109.0
6,726,0
8,891,6
1,688.0
2,406.0
1,637,0
4,249,(1
2,600,(1
4,507,6
2,332,5
269,0
9,634,1
1,872,0
63*.
604,9
74,6
822,0
43,22.1.4
6,128,4
944,8
1,124,4
625,6
663,0
874,0
337,3
661,4
4,490,0 1,947,6
21,947,1 13,994,6
4,002,8 1,428,2
440,0
226,6
672,0 1,041,0
614.1
10*,9
1,353,4 2,141,8
11,692,5 6,306.0
681 ,6
1,040,2
8,285.6 2,099,2
459,8
215,9
018,3
1,276,7
380.0
1,838.5
5,787,0 4,232,0
432,3
2,247,(1
4,073,0 1,505,0
15,779.0 6,549,0
205,1
170,3
3,933,1
620,0
25,890,9
1,747,0
502,0
1,004,1
1197,0
12,229,9
2,04:'!,8
200,0
460,4
1,160,6
1,688,3
454,6
1,808,8
791,0
3,152,0
755,0
1,959,2
1,184,6
739,5
951,0
2,381,4
1,961.0
2,435,8
5!
6,
275,0
501,2
196,2
2,018,2
369.5
850,0
779,5
2,702,."
269,7
150,2
799.5
385,0
1,554,0
753,0
250,0
418,6
672,1
185,0
P.C.
$
17,484.0 27-4
31.736,0 28'9
18,181,4
24,122,0
26,123,1
4.031,0
186.765,7
24,365,1
6,603,8
6,890,9
2,821,6
6,960,0
4.322,2
23,901,3
141,789,1
19,904,8
8,902,1
6,280,3
2.740,0
12,910,6
59,481.7
7,127,0
20,763,2
3,838,3
7,001,0
8,569,0
39,082,0
9,089,0
22,402,0
84,784,0
1,494,0
24,795,0
10,775,0
100,614,0
8,553.7
3.714,0
6.239,1
3,811,5
53,032,2
11,719,1
3,927,1
5,601,2
15.374,9
7,567,4
2,680,3
11,103,3
4,635,0
17,430,0
6,036,0
9,714.5
6.248,8
6,863,0
4,465,0
.16-9
26-3
27-2
Legals
We omit two ciphers (00)
Loans d
BANKS.
Capi-
00s omitted
tal.
Sur-
Invest-
l
L208690 214,744,1
l
"8,424,."
I
10 15*5 .210,971,8 S6.562.'
1
Leg.
'1.
1
42,139,5 192,752,0
8
42,13.1,5 104,527,1)
i
ly 15
I'liiln.
42,13J,5 194,674,0
J'ly 1
J'ly 8
J'ly 15
47,960,0 221,600,0
47,90'i,'i 221,754,0
47,Oi;n,ii 221,931.0
18,251,0
13,662,0
19,194,0
Man&Hr'nx
Colonial
..
Consol. Nat.
Fidelity
14th street.
..
..
Mt. Morris
Mutual
19th Ward
Plaza
Riverside ..
.
State
12th Ward
23d Ward
.
..
Union Exch
United Nat.
Yorkville ..
Coal & I.Nat
Metrop'lit'n
34th Street.
Borough
$
$
146,5
100,0
68,6
100,0
100,0
67,6
291,9
100,0
367,4
300.0
1,000,0 1,055,1
126,0
200,0
60,8
500,0
139,7
200,0
366,*
400,0
125,7
250,0
24 4,1
200,0
203,8
200,0
265,5
100,0
107,2
100,0
880,9
100,0
133,6
200,0
116,8
100,0
577,1
750,0
163,0
1,000.0
302,3
100,0
212,7
300,0
266,0
1,000,0
205,0
200,(1
2,960,
2,613,8
3,309,9
2,316,2
3,837,0
1,476,5
8.857,0
2.018,0
1,721,7
6,154,1
2,195.0
2,815,6
2,635,7
2,702,8
1,183,2
$
13,2
26,8
26,2
72,1
322,0
329,0
21.5
150,7
175,7
12,3
139,6
28,2
25,3
120,0
14,7
568.0
40,0
58,7
119,5
229,3
46,9
487,4
128,5
281,3
-9 18.5
6,8 1.776.663,3
64,725,0
64,349,0
64.811,0
7,658,0
7,064,0
7,717,0
145,451,8
156,738,8
165,077,1
261,926,0 12,815,0
200,827,0 12,730,0
02, '86,0 12.73S.0
142,230,9
120,803,5
129.520,7
t Including lor Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on July 16 to .$1,660,000 on July 8 to $1,695,000.
;
the imports at
FOREIGN IMPORTS.
For week.
^70
25-9
25-6
276
24-8
jO.i
2»'"1
1905.
Dry Goods
General Merchandise
Total
Since Jan.
Dry Goods
2^9
General Merchandise
24-1
23-4
20-8
2t>"V
2 b-;
22-2
20-1
25-8
22-5
23 4
25 3
26-9
29 9
22 V
2^-6
20-o
25-3
1004.
1903.
1902.
$2,202,569
10,562,996
$1,892,925
7,204,092
$2,732,309
10,800.540
$2,307,742
8.715,898
$12,765,565
$9,097,917
$13,592,849
$11,023,040
$75,395,068
307,390,100
$65,041,673
256,794,492
$73,432,5(55
$66,796,321
231,662.370
1.
25-5
li-l
26-4
20-9
week January.
also totals since beginning first
;
Total 28 weeks
263,773,106
$382,791,528 +321,830,165 $327,205,671 +298,458,691
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for th©
week ending July 17, and from January 1 to date.
The imports
in
EXPORTS FROM NEW YORK FOR THE WEEK.
1904.
1905.
For the week
Previously reported..
Total 28 weeks
$10,219,488
276,723,271
1903.
1902.
$8,1 14,308
$7,611,480
252,671,272
267.10ii.024
$8,113,502
253,803,-.
33
$286,942,759 $260,785,640 $274,712,404 $261,916,735
Note. — As the figures of exports as reported by the New York Custom
House from week to week frequently show diveriienee from the monthly
compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending July 15
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
totals, also
EXPORTS AND IMPORTS OF SPECIE AT
Exports.
Gold.
Deposit with
Week.
NEW YORK
IMPORTS.
since Jan.
Week.
1.
since Jan.
Other Deposits
Anenl. /iks.Ax
Clear'n
Great Britain
France
$
$
$
33,9
59,2
618,2
59,0
27,2
63,0
809,9
37,0
49,3
70.5
673,0
289,2
380,7
166,4 3,940,2
380,0
234,0
3,6 (1,225,0
35,7
231,0
25,0 2,347,0
38,1
68,6
804,0
218,3
293,6
13,0 5,023,7
252,0
84,0
310,0 4,777,7
148,2
413,0
247,5 3,283,7
106,9
336,5
50,2 3,372,1
243,6
211,4
56,6 3.426,1
238,2 1,018,0
19,5 3,349,4
185,0
408,0
....
4,200,0
96,4
71,8
143,7 1,682,9
285,0
123,0 1,474,0 10,619,0
241,0
182,0
85,0 2,573,0
171,9
111,0
173,7 2,150,3
-',8
302,1
78
250,0 6,743,9
52,7
88,3
....
1,234,0
231.6
131,0
172,7 3,147,8
217.5
811.2
99,5 3,700,9
45,3
167,4
723,2 2,599,2
33,3
148,8
60,8 1,334,9
$
Germany
West Indies
5,116,770
71,300
7,250,000
All other countries
3.00(1
Total 1905
Total 1904
Total 1903
+37,679,102
$7,00(1
64,455,006
32,793,38i
330,833
$7,050
2,294
5,47*
90
456,915
104,132
835 390
86.377
$14,:-12
$6,070,* 8
6,344,412
3,631,942
10,215
26,691
.Silver.
Great Britain
$773,389 $16,177,290
France
12,892
103.302
4,000
687.4^0
,
725
Mexico
South America
All other countries
0,77
1
25,940
2.462
2.20*
7.257
Total 1905
Total 1904
Total 1903
$5,819
20
52,411
614,051
1,131,932
$5,790
638,33.'
Germany
West Indies
$774,114 $17,530,5S4
872.021:
23,049,197
1S.184.98S
470.5 4
44o,j:;';
2,407
1.930
15,5 -7
$1,820,730
484,481
937.335
Of the above imports for the week in 1905, i>?,640 were
American gold coin and §0,039 American silver coin. Of the
exports during the same time, $
were American
gold coin and S
were American silver coin.
Auction Sales.
ol
$330,922
4,266,136
$1,500
25,236,520
—See page preceding.
Brooklyn.
Borough ...
Broadway
200,0
Brooklyn
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17 th
Ward
.
Wallabout .
JekseyCity
First Nat...
Hudson
150,ti
106.2 1,982,4
362.2 2,525,2
169,5 1,850,8
607.8 3.581,5
536,9 10,141,2
36.1
15,3
129,4
308,0
332,8
16.4
244,0
102,0
22,1
69,4
102,6
1,730,4
5,396.0
3,507,0
1,312,6
1,790,9
717,7
3,076,0
921,3
400,0 1,118,7
4,555,3
169,4
250,0
250,0
200,0
663,4
122,4
3ul,4
2.864,4
945,2
1,696,9
84,4
68,9
44,7
110,0
125,0
646.3
169,2
2,727,6
1,376,4
180,0
39,2
77,5
806,2
598,4
183,8
199,8
98,4
184,2
13,1
101,0
68,3
131,4
212,9
120,7 2.270,5
201,7
477,2
2,916,7
72,0
285,1
49,0 2,096,4
169,9
764,9
454,0 4,822,1
837,7 1,278,9
262,2 12,465,0
140,1
217,8
169,5 2,166,6
510,0 1,187,0
6,134,0
337,0
757,0
260,0 4,480,0
103,2
34.9
367,0 1,664.4
149,1
214,8
93,9 2,156,6
61,8
67,6
217,4
902.4
202,0
2-4.0 1,180,0 4,473.0
38,7
42,5
166,6 1,057,0
344,3 2,007,1 1,398,0
6,707,6
77,6
15,1
61,0
373,0
179,0
436,4
265,6
22,3
15,0
2,415,6
970.2
2,089,2
28.1
154,9
96,0
418,7
108,0
2,912,4
1,555.5
Co.
National .
Second Nat.
Third Nat..
Hohokkn.
First Nat...
Second Nat.
1.
Net
Notes.
759,4
924,9
592,0
3,384,8
6,006,0
4,041,0
824,9
4,467,6
4,226,7
6003
6,193,1 232,501.0
6,0*4,i 231.578.(1
6,677,( 232,933,0
Mexico
Wash. Hgts
Century ...
Chelsea Ex.
1
Boa.
J'ly
J'ly
Boroughs o>
Jetlerson
Clearings.
July 14
OITJT.
Hamilton
circulation.
1683051 48,859,9 1.699,689,1
11073081 220,162,1 89,116,7 U590lb2 19,157,1 1,722,590,1
;
in all cases.
Specie.
plus.
\
22-7
26-9
17-6
Reports ot Non-Member Banks.—The following is the
Statement of condition of the non-member banks for the
week ending July 15, 1905, based on average of daily results.
Columbia
lie-
posits.t
27-0
263
Total United States deposits included, $11,398,800.
Y.
Specie.
285
;
N/.
Loans.
Imports and Exports lor the Week.— The following are
New York for the week ending for dry goods
July 13 and for the week ending for general merchandise
168
27-2
t
1
apttat d
surplus.
J'ly i :.:,.
5,5
J'ly * 265,465,6
J'ly 15 255,405,0
276
28'3
26-1
27
28'3
28 7
23 9
25-0
24-8
24-1
22-8
Total... 115,972,7 139,492,8 11073081 220.162,1 89,115,7 11500182 26-6
f
BA.NK.-
$
IS. V.
$
J'ne24 266,465,6 11028127 214.869,6 87,423,1 11467920 18,060,7 1,375.089,4
'
li
He-
non-member banks.
for
in all lliese hr/vres.
v've.
00s omitted.
JM a
[Vol. lxxii.
72,6
Tot.J'lyl5 116370 134490 1242516 5,630,4 7,419.3 150812 9.771,8 1429031
Tot. J'ly 8 116370 134490 1239308 5,340.9 7.131,4 163482 9.411,2 1433876
Tot.J'ly 1 116370 134490 1231076 5,378,0 6,764,4 158087 8,984,3 1408566
Ranking and
Iviuaixctal.
Spencer Trask
&
Co,,
Investment Bankers.
We
transact a general banking business; sell and purchase investsecurities; issue circulars describing short-term and long-term
high-grade bonds; execute commission orders upon the New York
Stock Exchange and in the financial markets ol the leading cities.
We also have special representatives in all of the principal cities.
ment
Branch Office, Albany,
KT.Y.
William and Pine
Moffat
&
Sts.,
New
York.
White,
Members Mew York Stock Exchange,
•
HANOVER BANK BUILDING,
5 NASSAU STREET,
IDcaEcrs in Investment Securities.
COMMISSION ORDERS EXECUTED FOR CASH ONI T.
July 22
^
THE
1905.
8
CIIRONICLK.
•217
Mat* and Kailroud Bonn's.— Sales
of domestic State bonds
Board include $10,000 Virginia 6s deferred trust
receipts at 13 and $3,000 Tennessee settlement 3s at 9.r>7g.
The market for railway and industrial bonds has been
1!?** F°r Dividend* set page »4Sdull, narrow and featureless, although the limited volume
of business was weli distributed. Net changes in the active
WALL STltEBT, FRIDAY. JULY 'Z\ 1901.-5 I". M, list
are all fractional, rarely exceeding U a p nut, and are
The Money Market and Financial Mtnation.— Business about equally divided between higher and lower
quotations.
in Wall Street has undoubtedly been restricted this week by
Japanese bonds have continued the favorites, the transactions
atmospheric
conditions.
The
num- in them far exceeding the transactions in any other
the exceedingly oppressive
issue.
ber of customers in brokers' offices has been much smaller Union Pacific, United States Stee',
American Tobacco and
Stock
Exchange
has
generally
than usual and trading at the
Rock island issues have been relatively active.
been on a limited scale.
'nl ted States Bonds.— Sales of Government Bonds at the
operations
recorded
of
the
portion
have
P A considerable
been influenced more or less by dividend announc-meuts, Board are limited to $500 3s, coup., 1908-18, at 104; $1,000
4s, coup., 1907, at 1(4 to
notably those of the Illinois Central and Union Pacific rail- 3s. reg., 1908-18, at 104%, and $5
roads and the Amalgamated Copper Company, the last two bM%. The following are the daily closing quotations; for
yeariy range ate third page fotloui. g
at advanced rates.
Otherwise interest has centered largely in crop news and
Interest July
July July July July Julf
40
Periods
15
17
16
19
21
prospects. Reports that rust has appeared in some sections
of the spring wheat belt caused a sharp rise in the price of •2s, 1930
rejristered Q— Jan *108»8 *1(I3T„ •103*6 »108»lOS'g •103»t
coupon CJ—Jan *1037b 103T„ 10378 10378 103'h 103 7»
2», 1930
•wheat at the Produce Exchange on Thursday and develop
io, small. registered
2s,
19
ments in the agricultural districts duriDg the next few •2s, 1930, small
coupon
weeks will doubtless have an important influence on Stock 3b, 1918
registered Q— Feb 104^ *i"03U •ibsii -i()3'4 ion"".," 'ibs "i
104 104 '104 104
coupon Q— Feb *104
1918
lo4
KxcluiDge values. In the meantime there is a general dispo;>*, 1S18, small. registered Q— Feb
sition in investment circles to wait until more reliable .fs, 1918, small
coupon Q— Feb *i
*i()3" •ibs" ibs" ibs" *ib"8*"
•104
registered Q— Jan •104
104
104
l<>4
104
4s. 1907
estimates of the harvest) can be made than at present.
104
•104
•104
Q—
Jan
101 4 '1114
104
Last Saturday's bank statement showed a largely increased is. 1925
131 h •131^ '131-2 •131Jregistered Q —Feb *131>9 131
3234
surplus reserve and the money market is easier, both time Is. iO'25
coupon Q_Feb »182'< 18!
32"4 -i:!2"4 13'2 34
and call-loan rales having been quoted lower than for
* This is the price bid at the morning board; no sale was made.
several weeks past.
Railroad and Miscellaneous Stocks —With few excepThe open market rates for call loans on the Stock Exchange tions the stock market has been dull and unusually steady
during the week on stock and bond collaterals have ranged throughout the week. There has been almost no change in
from \% to 2">£ p. c. To-day's rates on call were 2'<t2 4 p. c. the tone until today, when weakness developed in some
Prime commercial paper quoted at 4(S4^ p. c. for endorse- quarters on the unfavorable crop reports.
ments and 4@4^ p. o. for best single names.
Great Northern and Northern Pacific have continued tho
The Bank of England weekly statement on Thursday upward movement noted in our last issue, and in addition to
showed an increase in bullion of £72,057 and the percent- the dividend, which in each case came off this week,
age ot reserve to liabilities was 48'43, against 48 66 last week, advanced 8% and 8 points, respectively, a part of which
the discount rate remaining unchanged at 3V| per cent. The has subsequently been lost.
Union Pacific has been the
Bank of France shows an increase of 20,475.000 francs in gold. active feature. It was strong early in the week but declined
The New York City Clearing-House banks in their state- when the dividend announcement was made the higher
ment of July 15 shoved a increase in the reserve held of rate having apparently been fully discounted. St. Paul
$11,743,700 and a surplus over the required reserve of re acted over 3 poiuts from its highest selling price, perhaps
$19,523,250, against $7,957 825 the previous week.
in sympathy with the decline of Union Pacific.
New York
Central is over a point lower than at the close last week and
Differences
jankers' 1&nzztU.
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Sj
•
<.,
•
1
1
l
-
—
1U05
July IS
S
Capital
115,972,700
Surplus
139,492,800
Loans & discounts 1,107,308.100 Deo
4!'.157,10<> Ino
Circulation
,
Net
9,150.400
•297,200
"1,169.018.200 Inc
deposits
1904
July 16
from
previous week
713.100
9.190.8M0
2,552,900
1003
July 18
115,972,700
134,323,400
1,087,518,700
39,156,200
1,179,169,400
255.298,900
84,056,800
109.922,700
129,168,900
907.01.->, 5MO
43.908,900
895,20s, U0
160,863,400
76,217,100
Speoie
Legal tenders..,
220,162,100 Inc
89,115,70(1 Ino
Reserve held...
S09,'277,«0U Ino 11,743,700
•289,754,550 Ino
178,275
339.3.-5,700
deposits
294,792,350
237,080,500
223,802,025
Surplus reserve
19,523,250 Inc 11,565,425
44.563,350
13,278,475
25
p. o. ot
•$11,398,800 United States deposits inoluded, against $11,977,600 las-reek and $23,323,100 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $22,372,950 on
July 15 and*) 0.052, 225 on July 8.
}>' oik.— Returns ol separate banks appear on the preceding page.
—
Atlantic Coast Line has lost a part of its recent advance.
few industrial issues have attracted attention. Pittsburgh Coal preferred declined over 10 points whun it became
known that its dividend had beea passed. Virginia-Carolina
A
Chemical has been weak on its unfavorable annual statement. On the other hand United States Rubber has been
strong, the common selling 6% points higher thau last week's
closing price. Amalgamated Copper advanced on an increase of its dividend rate from 4 to 5 per cent
Tennessee
Coal & Iron has been strong and Unite! States Steel com-
mon
is
fractionally lower.
For daily volume of business see page 255.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
Sales
Week Eliding July 21
Week
Foreign Exchange. The foreign exchange market was
Del
Hudson rights
heavy this week, with liberal offerings of cotton and of Det
Sou pret Tr Co certf e.
finance bills and a light demand as the feature.
Ft W * Denv C, stmpd..
To-day's (Friday's) nominal rates for sterling exchange General Chemical.
Preferred
..
were 4 85% for sixty day and 4 87% for sight. To- lay's Havana Eleo By
Preferred
«470
(Friday's) actual rates for sterling exchange were 4
Oas (St. lb) ....
@4 84«0 for long, 4 8640(34 8645 for short and 4 ^-680 a Laclede
N Y i'OCK Co
Preferred
banks,
8670
for
cables.
Commercial
on
and
.......
4
4 8410@4 8450,
central
documents for payment, 4 8375(34 8450.
Cotton for pay- Texas
Preferred
ment, 4 b375@4 6380; cotton for acceptance, 4 8440(34 8450, O B Leather
and grain for payment, 4 8410(34 8450.
<£>
To-day's (Friday's) aotual rates for Paris bankers' francs
5 18Vi*<§5 \*V
Z \ for long and 5 16^t@5 16% for short.
Germany bankers marks were 94%(394 13-16 for long and
95^+^95^ for short. Amsterdam bankers' guilders were
were
40>4 1[(a40V4 § tor short.
Exchange
on London to-day, 25
high and 25 f 13%o. low.
at Paris
f.
14c; week's
range, 25 f 14o.
The week's rantre for exchange rates follows:
.
.
-Long.-
-S\ort-
—
Stsrltng Actual.
High
4 8490
I
9
4 8505
4 8660
4 8635
4 8465
9 4 8476
Port* Ban kerf Francs—
HiKh....| 6 la's*
® 5 18>~
Low
Low
|
,'
5 18-s*
©
94^x8
9
9
616^»
5 18>~t
6
Germany Bankers' Marks—
HlKh....|
I*>w
I***
Lest,:
94»«
94T.
'.-'-
9
I
-i,-ofl%.
.»-- of 1%.
M 32 ot 1%.
1
|
|
*
40",U
» » of. 1%.
3
4
8965
4 8640
8680
®
4»8b0
<z>
4
4
8690
4 8070
5 16>4
6 16',
16V
94",as -!
Amtterdam Bankers' Guilders—
HUh_...|
-3>
40«.-1
I
3
3
Cab les.
.
9
•a
95» 19
95 "-
9 IO'iS
1i
l
iaotl%. *'> 3a ofl%.
The following were the rates for domestic exchange on
at the under-mentioned cities to-day Savannah,
New York
buying
50c. per
:
discount; selling 75c. per $1,000 premium; Charleston, 12%o. per $1,000 premium; New Orleans,
bank, 60c. per |l,0lK) discount; commercial 75o. per *1.<hM)
discount; Chicago, 25c. per $1,000 premium; St. Louis. 20o.
per <1,0<>0 preirium; oan Francisco, 75o. per $1,000 premium.
$1,0' -0
18,791
100
61
100
100
3, 1C0
600
2
10O
700
40
20
190
lWly 16
Range
1W ly If
sines Jan. 1.
-sJ'ne
lwiy
41 J'ly
42 J'ne
41 J'lylH 41 J' ly
44 Jan 74 J'ly
71 J'ly 17 71 J ly 17
*6 Mar 68 J'ly
63 J'lyl7 63 J' ly I'
104
17 10tW ly 17 101 Apr 106 J'ly
IS Apr 18»-J'ly
17HJ'ly 16 18HiJ' lyl>
60 J'ne eO'-J'ly
64 J'lyl" 64 J' ne V
105 J'lylS 105 J' ly 19 IS J'ly 106 J'ly
21 HiMay 28 J'ly
28 J'ly20 2* J ly iU
69 Jaii
67 "-J'ne
67<-J'ly20 67 "a J' ly20
62 J'ly 63 J'ly
62 J'ly21 62 J' ly2i
82 Wry 21 82 S,J' ly 2)
82 Hj J'ly 82>-J'ly
1
Wly
12>-J'ly 18
OutuMe Markflt.- Trading
12
W
ly
18
11
Apr
14
Man
the market for unlisted
securities has again been on a limited scale this week.
Chicago Subway furnished one of the principal features,
both as re_ards activity and strength; the :>rice of these
shares advanced from 73
to 79^, the highest price yet
attained, and closed to-dfiy at 78%. The strength of the
Hill stocks on the Exchange was reflected in a f urtuer gain of
7 points in th-> price of Northern Securities stock, from 170J^
last Friday to 177}£ on Thursday; to-day, however, the price
broke 6harply to 172}^; total transactions have aggregated, it
is estimated, about
The "Stubs" moved up
1.000 shares.
from 275 to 330, but subsequently fell back again to the low
figure Interbori ugh Ripid Transit ran up from ^01 to 208 l £,
but fell back again to 205. New Orle ns Railways issues
were severely depressed in the early pirt of the week; the
common dropped %% points to 27^, but on Thursday reacted
to 31 V^J; the final sale to-day was at 30>£: the preferred sank
from 7»V£ to 70, and after recovering to 74 fell back again to
71^ After a gain of
to 13, international Mercantile
Marine con mo n moved down to 11^ an<l closes to-day at
1 1%: the preferred advanced a point to 2''%.
but later sank
to 47%.
Bethlehem Steel common rose 2 poiota to 31 "£,
while the preferred moved up from 81 to 87'^. Ureene Consolidated Gold dropped 2 points to %% in the early trading,
but subsequently it reacted again to 4*4. United Copper
common advanced from 2V l to 33. but to-day fell back again
to 30^ and closes at 30%; tho preferred gained 2 points to
78 and ends the week at !i%.
Outside quotations will be found on page 205
%
1
%
» 40«i-
Plus:
Range for week
for
4
in
New Tork
Stock
Exchange— Stock
Weekly and Yearly
Record, Daily,
OCCUPYING TWO PAGES
STOCKS— H1UHEST AlfD LOWEST SALE PRICES
Monday
Saturday
July 25
July 17
86 % S6\
102% 102 H
83% 87
102 34 103
•16!)
Ml
99
69
6'.i:>4
*87
90S,
HO
152 '
•68% 70
201 203 Hi
151% 15<S
•68% 70
j
Hi
89
152
1
;
•32
• 97
•115
7%
7%
7%
31
36
99
120
•97
116
27
274 27%
,
«69
,'
7
H2
27%
38% 38%
189
191
190 Hi 1 90
•880
385
32
386
32
*81
.
Hi
35
99
120
•69H» 60
60
88% 38%
.
Hi
387 Hi
32
87
•21
23
•01% 93
86% 86% *86%
»21
92
*14 34
,
;
23
92
15%
•28% 29
46% 46 J4
5
65
90
287
23
•88
93
93 34
169% 160 *L
'26
*82
*20
*56
•31
i
'
27Hi
J2H<
84
273s
58
34
*92% 98
330
67
310
uy
82
82 Hi 82 Hi
127 -i
82
12ij38
*21% 22
21
146
60
93
122*8 123
•158 100
*28% 29
*125
•54
•80
j
:
170
Hi
*51%
12534 12638
,
90
151% 152
•68H1 70
190 202
53% 64
3
4
WS" "79%
100
98
98
70'
89
'
08 34
•88
a
152>«
1
r. 1
98
99
Hi
.;y
r|
.j
89
H.
"
152%
Hi
112
23Hi
23Hi
-88
93
93 Hi 93%
169 4170
•26 Hi 27 Ha
•i-lHi 52 Hi
'82
83 Hi
•26
27Hi
1
5
)
%
1
5
3
4
a
199
•92
:
i
.
......
.
*185
*23
»62
.65%
;.
93
81% 32%
76%
76
-92% 98
23% 23%
88
93%
•310
330
60
55
82
H2
83
•88
93
93 14 93%
169 170H,
93
93 34
168 34 171H,
•26% 27Hi 27% 27%
•51% 52% 51Hi 52 H-
Hi
310
*55
14S 34
165
82 Hi
82
26
83 Hi
27 Hi
58
34
57
*>H
83
60
149%
160 Hi
83 <b
:
H:
82
27%
57
92%
Hi
34
98
330
64
•24 Hi
•56
31
118
83%
98%
*99
83%
126%
*88
23%
63
65 %
118
38»4
98%,
100
84
12ti%
»4\
B
83% KC.Ft.S.*M.,tr. cts.pfd
26%
ansas City Southern..
58
Do pief
35
•92% 98
Lake
Do
Erie
*
Western...
pref
310
.
126% 128^ 127% 128% 12634 128% 126 34 127% Metropolitan Street
21% 21% 22
21% 21% 21Hi 21% *21 4 21 34 Mexican Central
l
140
60
93
129
80
112
70
100
8OH1
80
112
92
93
93
31H«
32%
31% 31%
76
78
76 34
94
76 34
»76
76 78
78
•67
68 Hi
67% 67%
185 195
189 189
23
23
23
23
•62
63
62 >4 6234
64% 65 34
653s 66%
117 Hi 11734 117Hill734
33% 34
33% 34%
•98 * 99
•98% 99
•99 100
84
•33% 38%
34
126 34 126% •127 130
83*8 34
34
34
Hi
ctf.
330 h. Shore & Mich. South'n
•54
54
66 Long Island
148% 14934 3:145% 146 14 Louisville* Nashville...
16534 165 34 164 Hi 165% VI anhattan Elevated.
82
8 2 Ki 82 Hi A'Aetrop. Secur., sub. rec.
83
'310
330
Green Bay*W.,deb. ctf.A
23 a,
Do
deb.
88 93 Hocking Valley
3
93 4
Do pref
107% 109 Hi Lllinoi8 Central
27% 27% owa Central
62
52
Do pref
23 34
•92% 98
..
68
195
<ana<han Pacillc
* anarla .Southern
Central of New Jersey...
/
>
82
26
58% 58% 56
-30
34
31
8OH1
76
*100
Itll..
H3Hill4% Baltimore* Ohio
99
Do pref
09 8 «9% Brooklyn Rapid Transit..
•88% 89% Buffalo & Husqne, pref...
H4Hi 113% 114%
79
81
80
112
104% 105
79
100
Michigan Central
Minneapolis & St. Louis.
Do
pref
Minn. S. P.
Do pref
80
•78
80
S. S.
Mane.
Missouri Pacific
Nash. Chatt. & St. Louis
at.of Mex, non-cum.pf
Do 2d pref
N. Y. Central & Hudson..
N. Y. Chic. * St. Louis...
Do lstpref
Do 2d pref
N. Y. N. Haven * Hartf
N. Y. Ontario & Western.
Norfolk & Western
Do adjustment pref.
Northern Pacific
Pacific Coast Co
Do lstpref
Do 2d pref
Pennsylvania
Teoria* Eastern
Pore Marquette
Do
•78
*
Mo. Kansas & Texas
Di pref
pref
Pitts b. Cin. Chic.
& St.
L.
100 112
100 112
Dd pref
104% 105 Hj 102Htl06%
93 94% 93% 93% •93% 94 Hi Reading
lstpref
91 94 •91 94
2d pref
92% 92Hi
31% 31% 30% 31% 30 Hi 31% Rock Island Company....
75
76
75 Hi 76
75% •75
Do pref
15
17
•15% 17
16 17 at. Joseph &Gr'd Island.
50 63 •60 63 Hi •62 52
u» >-* Do
lstpref
•22% 25
•23
25
•23% 25
Do 2d pref
• 76
•76
77% •76
78
78 St. L.&S.FT.. 1st pref
63
68
67% 67% 67
Do 2d pref
67
185 195
185 195
185 195
O.* E. Loom stock tr otf
3
23
23% 23Hi 23
22 4 23 St. Louis Southwestern
62
62
62
61
Do pref
60
60 Hi
66
65 \
64% 65 \ 64
64% Southern Paoifio Co....
3
117 4 118H« 117% II8H4 118 118
Do pref
33% 33% 33 Hi 33%* 33
33 4 Southern v.tr. ofs. stmped
99
99
do
98 34 99
Do pref,
98% 98%
•99
100
33% 38%
12634 127
3334 34
•98Hi 100
33% 33%
128
129
•33% 84 Hi
M.
*
O. stook
tr.
28,li'0
6.85<
Lowest
Highest
77%May22 93% Mar
1
5,000
100
17% May 2-' 25% Mario
83% Muyvr/ 88 'a Mar 15
60 J'ne 9 70%Aprl7
300 29
May2.
37%Aprl7
2,400
17HiJan
6
200 31
600 90
118
4
42% J'ly
13% Feu
5
1
l
Feb
Feb 194% Xov
Mai 5 1 Nov
Jan 47% Nov
Jan 85% Jan
12%J'ue 26% Nov
Xov
Nov
39% Xov
137% Feb 177% Deo
80%J'ly
90
47% J'ne
74 34
20
J'ne
ll%Aug
Febl7 112 Marl3
Jan 13 108% J'ly 7
124,000 «79
200 90 May 2 2
600 84 Jan 5
31,780 24% M.ay22
100
500
960
69,650
2,200
11,600
1,160
160
192
Nov
Nov
Deo
16% Not
27 3«
Nov
71%May22
95
96
Deo
Deo
79% Deo
14% Nor
89
27
Hi Nor
41% Nor
77 Deo
58% Deo
67 Deo
83 Nor
242% Deo
88% Nor
20 34 Nor
94 Deo
95 Deo
159 Deo
33 Nor
28
Nor
83% Nor
31% Nor
66% Nor
43% Deo
59 34
105 Oct
$300 Deo
62% Nor
148% Deo
169% Nor
96% Aug
130% Oct
23% Nor
Nov
160
67% Jan
96% Sep
95
150
65 % Deo
111% Deo
147% Deo
45% Not
25% Not
145% Deo
47
116
78
199
Deo
Nor
Deo
Oct
47% Oct
80 % Deo
96 Deo
82 % Deo
101 Sep
86% Deo
140
Deo
32% Deo
81% Jan
79%Nov
Deo
Deo
38% Mar 82% Deo
76 Mai 92 Deo
55% Feb 85 Deo
19% Mar 37% Not
67 34 Jan 86% Nor
9 Max 18 Nor
36 May 60 Not
80
16
Jan
30
Mar
79»4
6
Oct
Oct
36% No*
6 «61
18
85
73%May22 81% Mar
61 May26 73% Mar
35% Nor
Apr 107
J'ly 8
J'ly lo
37% J an
37% Nov
190% Deo
359 34 Deo
90
Jan 4
12 J'ne $ 1734 Jan 31
a
58
40%May24
4 Jan 21
200 20 J'ne 8 29% Feb 3
*"6i"6
185% Oct
214% Deo
237
2
4 J'ly 15% Nov
64 Feb 3 29 May 48 % Nov
Jan 14 111 Mar21 68% May 93% Deo
May 4 121 3, Marll 100 Feb 116 Nov
Jan 20 30%Apr20 13% J'ne 24% Nov
May23 64% Feb 10 48 J'ne 63 Deo
J'ne 2
J'ne2b
1
900
70% Nor
89 Aug
Mai 13534 Oct
Api 72 Xov
Xo-.
1,300 22%
200 62
1,200 32HiMay23 39% Feb 3 17%J'ue
6,300 178%May22 196% Apr 11 149 Mai
2,400 335 Jan 25 400 Marl4 250% Feb
900 27% May23 36%Marl4 18 Mai
600 83 Hi May 1 91 Marl6 64 % Feb
18 May22 28% Marl 7 19 % Jan
1,000 76% Jan 27 95 J'ne22 60% J'ne
126 11% May23 17% Jan 21
6 % J'ut
100 21 May22 37 Jan 21
9% Aug
3
71,920 37%May22 48 4 Marll 21% Mai
25,400 74%May22 84% J'ly 17 55% May
11,900 55% Jan 3 74 J'ly 5 33 Maj
63 J'ly 6 72% Jan 16 54 J'ly
90 Feb 28 90 Feb 28 72 Feb
9,901 236 Jan 4 335 Apr 17 170 Mai
83 Feb 16 90 Jan 13 70 Aug
"iaf 17 May22 24%J'nel9 11 J'nt
86% Jan 18 99 Marll 60 Mb)
200 90 Jan 18 96% Mar 13 77 Mai
33,294 16234 Jan 25 171 Hi J'ly 19 125% Feb
300 24 May24 32 Feb 3 14 J'ne
100 50 May 10 5834 Feb 3 32 Feb
81%J'nei9 84% MarlO 64% J'ne
"Too 22%May22 34 Feb 14 16% Feb
400 62 Jan 3 70 Febl4 31 Feb
26 Mar
28Hi J'nel6 44%Marl4
91 J'nelo 106 Marl3 85 J'ne
50 §290 Jan 2o $350 Marl3 5245 Not
200 50%May22 65% Feb 3 46 May
Feb
10,950 zl34Hi Jan 25 156 Hi Apr 26 101
2,114 161 May 1 175
Feb 9 139 34 Mai
7,950 73 Jan 9 91 Marl?
72% Mai
44,300 114 Mayll 131 J'ly 5 104 34 Mai
5,150 18 l4 May22
6 Maria
5 Apr
5130 J'neH 5150 Fobi5 5119% Feb
56 Hi Jan 12 64% Apr
40 J'ne
86 Jan 19 91 Feb24 ^0 J'ly
1,400 89% Jan 11 125 J'ne27 55 Jan
148 Jan 13 169% Mar29 116 May
i",025 24
May22 33 14 Jan 1» 14% Feb
1,800 5 6 Hi May 2 3 69 Marl 3 32% J'ne
7,410 9 4 Hi May 1 110% Maris 87 Feb
100 137 Jan 12 158 Apr 20 101% Feb
1,800 33% May 8 45 Jan 16 34% Feb
100 1734 j'ne20 24% Jan 10 15% Feb
8,850 136%Mayi;v; 167% Mai 14 112% Mai
1^00 42 Jan 20 65% Apr J> 25 May
115 Marl3 122% Jan 30 101% May
""§00 74 May 4 85 Apr 7
60 J'ne
400 H94 May 2 2 210% Feb 4 $1S5% Mav
16,650 40% Jan 6 64 Mar3u 19% Mai
7,600 76 Maylo 88% Marll
53% Mar
200 91%Feb24 94 % Feb 3 88 May
24,039 165 Apr24 208 J'ly 20
51 Feb
78Hi JanlT 98 % Feb 7
100 Jan 3 108 Feb
95 J'ly
85 Jan 12 98 Feb 7 61% Jan
1473
119,420 131%May22
4 Marl3 111% Mar
27 Jan 25 48% Apr 3 17 Mai
106 Feb 14 74%J'ne
77 Jan
100 78% J'ly 12 87% Feb 6 5 68 May
200 70 May23 87 34 Marl3 55 Api
105
89% Nor
Feb
Jan 104% Not
Feb 56 % Nov
Mai L05 4 Ueo
Feb 96 % Oct
71,710 168 <s May 4 187 Hi Apr 17
100 182 Hi Jan 18 192%Aprl7 173 Mai
4,700 alSO^J'ne V 249 .7au31 161%Mar
100 234 Jan 13 265% Feb 1 207 Fob
150 .50 Jan 6 225 Jan 31 135 Mai
195 Jan 17 230 Jan 31 5165 Apr
7 34 Jan 5 20 J'ne28
6 % Aug
200
Highest
Lowest
9 C4
99 Jan2J 104%J'no27| 87%
50.) 120
Jan 26 170 Apr24 104 %
42,700 100 Hi Jan 26 115 l4J'lyi3 72%
Mar H 98 Pet) 8 87%
16 91
40,99
56%Msr23 73% J'ly HI 38
100 87%. J a 11 4 91% .May 13 83
10,200 130% Jan 25 156% Apr 7 109%
67 8 Jan 11 72% Jan 31
64
"To 190 May2li 205 v Feb 3 154%
6,100 45 'a May 2V: 60% Mar 21
28%
300 31 May2. 44 Hi Marl
33
77' 4 J'n«26 83% Apr 7 75
00(
39% Jan
Nor
Deo
72% Deo
176 Jan 30 194%J'nel2 150 Jan 185 Deo
9%J'ne 29 Deo
20 May22 27% Jan 20
Deo
55% May 1 66% Apr 18 25% J'ne 60%
67% May 4 72% Feb 27 41 % Mar 68 34 Not
3
Deo
Sep
119%
Feb
113
15
115 4 Jan 5 121%
28 May 19 36 34 Marl3 18% Fell 37% Deo
95 Apr28 100 Mar22 77% Jan 97% Deo
Apr 18 99% J'ly 10 90 Feb 98 Deo
Apr 29 41 Marl3 20% J'ne 38% Not
Apr 29 134 34 lfeblO 115 Mar 134 Oct
700 22% J an 13 37% Apr 12 !7%J'n« 27%Oot
97
ctfs ..
33 Hi 33 H. 1>exas * Paoifio
hixd Avenue (N. Y.)..
128 128
34 34 Toledo Railways * Light
Range lor year iyo5
Range tor Previou$
On Oasis ol 100-share lots
Year (1904)
Week
ItailrontlH.
102 'a 102 H
Do pref
158Hil58Hi AtlantlcCoast I.lno
Hi
08 Hi 70
70
•t>8% 70
'199 201
201
202
J201
3
3
a
6 3 4 58 4
62% 5B 4 52% 53 '4 Chesapeake* Ohio
36 Chicago* Alton
•36
86
37
36
36%
Hi
79>4 79»4 79
79
79 Hi
79 Hi
Do pref
1934 20
19% 20 Chicago Great Western..
20
•84
84 86 4
86%
Do 4 p. 0. debenturet85
85
•62
•02
•62
65
65
Do 5 p. c. pref. "A"..
65
2
'30% 3134
31 34 313,, -30 34
Do 4 p. c. pret "B"..
181 182% 179% 182% 17»Hil80% Chicago Milw. & St. Paul.
187
189
Do pref
187 189
187 189
09 209% Chicago & North Western
2 10 Hi 211
209 Ha 211
235 241 235 241
Do prel
235 V40
188 192 Chic. St. P. Minn. & Om.
188 192
188 188
200
200
190
Do pref
190 200
190
18 34 Chicago Term'l Transfer.
18 H,
18 34
;
"38 Hi 38 H/ 37 Hi 40
Do pref
38Hi 40
734
7% 8% Chicago Union Traction.
7%
7H»
7Hi
7Hi
7%
31
*31
•33
37
35
35
33
33
Do pref
•95
95% 99
97
97 Cleve. Cin. Chic. & St. L.
95 % 96
99
•115 120
•115 120
115 120
Do pref
116 120
27 14 27% Colorado* Southern
27% 27% •27
27
27 Hi
27
59% 60 14
60
603* «59% 60
59%
60
Do 1st preferred
38
38 14 38 %
38 Hi
38-4 38%
38%
38
Do 2d preferred
•189 190
189% 189% 189% 189*t 189% 192 H, Delaware* Hudson
395 395
385 385
385 387% 890 390
elaw. Lack. & West'n.
-32
32
32
•31Hi 31 J« Denver* Rio Grande
31% 32
32Hi
87% 87% 86 34 86 34 87
87
86Hi 87H(
Do pref
•21
21 23 •21 23 Des Moines & Ft. Dodge.
*21
23
23
3
93 14 *P3Ha 93 4
93
93 Detroit United
92% 9234 93
*1434 15
14% 15 Dalnth So. Shore * Atl..
1434 1434 14% 15
•28 "4 29
•28
28 29
28
29
28
Do pref
45% 40% L/ne
46% 47% 46% 47
46 Hs 46%
833, 844
83 Hi 83%
83% 84% 83% 83% CiDo lstpref
7134 72
Do 2d pref
71% 72 H\ 72% 72 Hi 71 Hi 7 2 Hi
*<>3
63 65 Evansv. & Terre Haute..
*63
•63
65
65
65
*85
•85
85 90 85 90
90
90
Do pref
286 286 V o;2»5% 290 Hi 2e9 294 H) 287 290 Great Northern, pret
•68
106% 105% 106% 105% 104% 105%
94 Hi 93
93
94% *93
94%
;
102
159
102
159
01
the
Shares
85% 86% Atch. Topeka&Sanla Fe
85% 8G%
R6H,
102'
Sales
STOCK
EXCHANGE
146 l'J5 146 125 146
125
146
•64
60
54 60 54 60 54 60
*86
86 93 86 93
93
*86
93
• 121%123
122 H2 122 Hi 12234 122 34 121% 122
122% 122%
159 100 •158 161 •158 160 157 160 158 160
28 34 28'4 28
29
28
28%
28%
28Hi 28 14
28Hl
• 62% 64%
63 J4 63 34
63 Ha 64
63
63 h
63% 63 Hi 63
63 34
3
98*8 99%
98^4 99 W,
98
99
99
98 4 99%
98 Hi 99
98%
•145 U8 »J45 148 •145 148
145 148 •145 148 *147 147
38
88
37
37
37
37
37 Hi
37
37% 37% 37 Hi 37Hi
•20
21% •20
21% 20
21% 21Hi *1934 21
20
21Ha 20
147 147-4 146 34 147% 146 34 1474
147 Hi 147 % 147% 148% 147 148
3
3
47 Hi 47%
47 34 47 34
*46% 48
47
47 4
48
48 Hi
47% 48 H
4
110 115 110 115
•110 115 •110 115 •110 115 110 115
*76
76 80 76 80
80
80
»76
80% 81 14 81 Hi 81%
•200 202 Hi 200^4 20 1 Hi •2U0 202% 201 202% 201 201
202 202
5234 53 H, X51
52% 53 58 53% 534, 53% 533,
62*4 52%
513 8
85? 8 86
86
86% 86% 86% 86^4 86 Hi 86% 86 Hi
85 34 3534
91 % 94 •91 Hi 92 Hi •91% 93Hi 93 Hi 93 Hi 92 93 Hi -93 94
198 190% 199 200 X198 198 34 198 205% 204 208
201% 205
•92
95
-91
91 94 91 94 90 94
96
94
•04
*103 109 *103 109 103 109 103 110 •103 110 •103 111
•91
91 94 91 94 91 94 •90 94
95
94
*93
142% 142% 14234 143 % 142% 143% 142% 142% 142% 143
141 3 1423
*35
•36
40
40
34 39 •35 40 34 4 40 4
•125
*64
*86
•100
;
86%
102 Hi
100
114
9H
69 %
151%
•54
* 148 34 149% 148 Hi 14914
14834
100 •165 106
"416014
$160
165
I
.
9334
170
•61 Hi 52 Hi
«82
83%
27
27
67% 67 34
33
•81
•92H> as
•820 320
54
54
:
1
H>
23
93
93
•26% 27%
;
29
46 '« 47%
83 °8 84
72
72%
*63
65
•85
90
286 286
•89
•93
,
14% 14%
28 Hi
83% 83»j
72% 72 Hi
•63
•85
285
j
'
204 34
53% 61
63% 64
*35
•36
•86
a7
37
37
79 Hi •79
79 H2
79% 79 l, •79
20 %
20
19*8 20 H.
19% 20
•85
86 '< •85
86 14
88 H,
85
*62
*62
64
65
65
82
32 1*
31
•81
31
32% »31
181% 182
180% 181%
181 182
188 189
188 188
•188 190
210%211 34
209 209 Hi 209 % 212
2lO 240 •236 240
•285 243
•186 190 5187% 187 Hi •188 192
190 200 *190 200
*190 200
•15
19
19
•
19
40 4
»38
40%
38H> 38Hi
•200
j
161
109
86 % 86%
102 Hi 102 «4
'159
101
Friday
July 21
Thursday
July 2U
July 19
114% 114^ 113% 11 4%
598% 98% •97
98
69 Hi 70',
69 % 70%
114%114Hl
•97
Wednesday
Tuesday
July 18
STOCKS
NEW YORK
iTo'6 29 34
1,150 124
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bid Atk
-Silt
Bid Ask
Banks
Ask
Banks
Banks
Bid Atk
520
Park
Metropoli'nU 165 176
165
InterboroU..
340
People'sll.... 290
MtMorrisll.. 210
Irving ...... 234 238
730 760
190
196
Phenlx
Aetna........ 172%
800
14thStreetH. 145 155
JetteraonD... 177% 185
576
America M ... 620 580
195 205
Plazall
510
Fourth
Liberty
Naasaufl
200 216
Prod Exchl] 175 186
Amor Ex oh.. 275 280
1600 i'700 New Amster 476 510
Gallatin
Lincoln
410 420
280
Riverside^] .. 250
Aotor
776 825
Garfield
New York Co 1300
M au hattanli 320
500
650 700
Battery Park 150 160
German Amf 155 165
Market* Ful 260 270 N Y Nat Ex. 195 205 Seaboard
700
Second
320
300
......
Boweryli .... 325
286
New
York...
German Exli 400
Mechanics' .
295
Shoe* Leth. 160
Batch's * Dr 155 165
Germanian .. 450
Meoh * Trail 180 190 19th WardU. 350
1200
Statefl
Century D
196 210
Mercantile.. 260 268
North Araer. 233 238
Green wioh
270%
34th Street.. 200
Chase
660
Northern.... 135
Hamiltoull .. 190
Meroh Exoh. 170 175
225
12th
WardU.
Chatham .... 320 330
250
Merchants'..
185
OrientaJfl....
Hanover
176
495 505
23d WardU., 160
Chelsea Kiel 170
Fifth Avell.. 3500 3760 Imp * Trad. 590
Pacifioll
260 265
Metropolis H. 400
* Bid and asked prices; no sales were made on this day.
b New stock.
State banks, a Sx dividend and rights.
1 ali riguta.
i Less taa-u loo snares.
n Sold at private sale at this price.
1 Bale at Stock Exchange or at auotion this week.
1 Trust Co. certificates.
h Assessment paid.
Banks
:
Bid
A$k
Banks
Bid
Ask
Chemical.... 1300 4360
Citizens' Ctrl
170
City
280 285
Coal * Iron. 230 240
Colonial 1] ... 676
Columbian .. 400
Commerce... 204 207
Consolidated 160
152%
C'rnExchgel, t380
Discount^ ... 150 160
East River.. 150 160
FideUtyll .... 190
XXV TORE
Banks
Fifth
First
:
i
1
'
,
1|
;
(
1
I
'I
i
V
\
V
1
Jul*
22
Stock Record— Concluded— Page 2
lfl»»5.
STOC£S—JiJ9HSST AND LOWEST SALi. PRICKS
July 17
38%
57%
• 87
•66*3
IU3
•96% 98
B6 4 86
20
40 4
•Sy
•16
17
•SB's 41
•23
84%
28',.
•61
30 % i "so v
•88%
664
86% 66%
•80%
3
•111
•
i
114
66
80%
1
H>%
88%
574 674
•113
113
i j9\J isov"
*
•36
62 4
24 3
16
-60
56
68
83%
S3
l!'%
16
42
22 25
•23
24
•514 62
>-.
15%
250
82*1
94
•SI
• 90
2*0
•225
5%
•64
•
684
18
83% 84V
•31
"JO
288
240
6
7
6
7
6%
5
iia%
•6%
5%
•235
16
16 4
59
63
243
26
24
»q
175
103
•9%
10
•167
•101
•167
175
•1014103
9%
•23
J3
•51
2374 235
16% 16
55
68
17
41
92
92
240
225
•6
7
6V
74 74
414 42%
25 4 25 4
•6
25
23
62
92
64
•17
20
•394 45
•39 4
48
48% 484 4b 4
•111
112 V •111 112 4
54
5% 5 V •5
26
25
254 26 4
•98
•98
98%
98%
•167
•167
175
9%
9 V
lo
United ltys of St Lou. prel
81
W
25
16%
16
164
68
63
36 V
29
02
•ol
230
4225
•42
*41
44
11
•724 75
-j
•10
44
•10
11
•72 4
30 4
*92 •?
75
•%
•17
20
'39 4 46
•39
•43
•43
-111
5
6
25 V
25% 25
Do pref
98% •98% 98V Amer Smelters Seo pref B
116% 117% 1104117^ Amer. smelt' g A Reiin'g.
119% 119%
119 4 120
Do pref
•167
175
175
American Snuff
1014103
Do pref
94 American Steel Eoundr's.
38% 394
Do pref
lo5
•4u
107
41
American Sugar Kenning
Do
pref
Do
pref
Amer. Teleph. A Teleg...
Amer. Tobac. (new), pref.
American Woolen
Anaconda Copper
I Brooklyn Union Gas
» >runsw. Dock & C.Imp't
Buttenck Co
Leather
V'mural
Do pre!
/
Colorado
Do
&
Col.
&
li'uel
Iron....
pref
&
Hock. Coal
Iron.
(N. Y.).
250
250
b3'«
«93'-.
lB7 4
195
•180
l»>7» a
•100
235
93
108
•40
•227
93
•107
•190
.3
Consolidated Gas
Corn Products
Do
pref
Distillers Securit's Corp.
ii'ctric
Storage Battery.
Federal Mining
Do
& Siuelt'g
195
pref
General Klectric
International Paper
Do
pref
International Power
Internat'l Steam Pump..
Do pref
Knickerbocker Ice( Chic)
Do pref
National Biscuit
Do pref
Deo
Deo
Deo
9*
25
69
"iw" Mot
48 %
Nor
22% Nor
62% Jan
Nor
Nor
48% Nor
32
35
Xat Enameling&Stamp'g
Do
pref
New York Air
Brake
North American Co., new
pacific Mail
T
eop. Gas-L.<fe C. (Chic.)
pref
pref
Pullman Company
LJaiiway Steel Spring...
VDo
pref
Republic Iron
Do
&
steel
.
.
pref
Rubber Goods Mf g
Do
44
<fe
Iron
44
245
93
-40
11
•227 245
93 4
167
80
105% 105
V
V
I
".
Do
pref
Virginia iron
coai&
Weils, Fargo <fc Co
24.')
il674
•
]
c\.
l
Union Tele'gph
"sl'ii
gh'BeEl&Mfgaaaen
Do lsturef
:
i
1
t
104% 106
J'ue
1
pref
St.
S loss-Sheffield
Do pref
7
30
33
20% Nor
42 4 Nor
36% Nor
106 Nor
Dm
9
29
Deo
82 4 Deo
115 Oct
170 Nor
99% Nor
15% Deo
67 4 Deo
153 Nor
141 Nor
1494 Nor,
00 Deo
26 Nor,
94% Deo
120% Nor
4Oct
12% Deo
62% Deo
'*20
58% Nor
Deo
19 4 Deo
95
220
Oct
Nor
26 4
824 Nor,
40 4 Deo
t3%Nor
68 Deo
90 Nor
194 4 Nor
25%
79%
72 4
41%
87
12
Deo
Deo
Deo
Nor
Nor
4 Oct
Oct
66
Nor
Nor
23 4 Nor
69 4
117
Deo
§87
264 Oct
93% Deo
161 Not
107
Not
65 Nor
112 4 Deo
1
Pressed Steel Car
Do
27% J'nolO
22% Apr 17
i-i.
1
Pittsburgh Coal Co
Do
14
1
pref
National Lead
Do
80% Apr
29 4 Apr 16
492 Feb 16
i:
•%
Standard Rope <fc Twine..
1
86 4 87% I'oun. Coal, Iron & RR...
•43
43% Texas Pacilic Land Trust
1
105
195
1
24% J'ly
16 4 Jan 17
)
'4
10-i
ii
I
11
105 Vi }H)4% 104%
4-)
•40
44
101% Feb 21 x36 4Feb
9
Feb
6 4 J'ly 17
89 Mai 31 42 4 A pi
82 J'ne23
28% Feb 3 15" May
is
Feb 23 32% Feb
19% Mai 13 14 4 J'ly
48 Fob
87 J'ly
2b 4 Marl
21 4 J'ne
25 4 Fob 16
16 J'ne
544 Feb 17 37 J'ne
4,200
84J'ne 8 18% Mar20
34 J'ue
1,300 35 4 J'nei4 67 4 Apr 4 26 J'ly
3,200 130 May22 149% Mar
122 4 Mar
100 133 MaylO 110 Mar
123 Jan
100 130%May24 148 4 Jan
Feb
121
1,02
91% Jan 'lb 99% Feb
85% Nov
20% Jan 26 404Aprl8 10 Jan
16,44
960 93 Jan 6 108 4 Marl 5 69 Jan
16,800 l004May22 130 Apr 13 61 Feb
.£215 Feb 14 185
184 4 May
Mar
10% Jan 13 16% Apr 18
J'R
5
66
J'lyllb
004Jau
100
47% Fel
2,097 444J'ly lb 47 J'ly lj
3,983 104 J'ly 21 1054 J'ly 11
8,000 33 »ay22 59 Mai-21 25 4 Mar
85
Feb lo 105 Mar24 63 Apr
""506 11% May 2
18 4 Jan 30
8 Jit
Mar 3 1£5 Feb
oOii 1844Moyl5 H14
8% J'ne b 22% Feb 7
250
9% May
500 43 J'ue 8 79 J an 10 65 Mai
47
Jan
4
Apr
6
234%
J'ne
19%
2,082
76 May23 89 4 Feb 27 82 Nov
128 Apr 7 43 4 Nov
400 00 Jan
71 Nov
2,000 75 Jan 5 lo7 4Apr 7
900 169 May2i 192 Marl6 cl51 J'ne
10 V May
2,900 184 J'nolt'p 25%Marll
82% Apr 6 64 4 Feb
800 76 4 Feb
60 J'ue 3 DO Kel)2:f 26 Mai
100 27 J'ly 14 10% Feb 2 7 28 Sep
20 784May2'i 88% Apr 14 71 4 i-'eij
Sep
8
9,350 10 Jan 16 34% J'ly 20
100 60 Jan y 76 Apr 6 484 Jan
\pr 3 88 .lan
13,695 54% Jan 25
2,220 112', J'ly lb L20% Mario 1004Jan
14 Sep
900 18% Jan Hi 3 4 Apr
bO J'nelO 91 Apr 19 75 J'ly
i'X'oT.
24% Jan 24 51% Apr 7 14 4 Feb
300 97% Jan " 111% Feb 20 80 4 Jan
210 140 May22 10L%Aprl5 120 Feb
1,650 97%May22 107 Apr 17
80 Mai
May22 )9 4 Jan 4 21 Feb
5,1 10 33
2,000 97%Mayl" 1 6 4 Apr 3 92% Mar
12 4. 'ly 19 2 1 Mayl5
3,82.;
12,770 48 J'lyiU 804 May 1
1,050 33 4 Jan 31 4 6 % Apr 14 24% May
100 87% -Mar 6 99 4 Apr 14 67 May
230 May 31 254 Feb2b 209 Mar
",200
30 May22 40%Aprl7 16 Maj
]
100 98 Jan 25 103% Apr 15 71% Mar
May
]2,40o 15 Jan 23 24% Apr 3
6
16,400 67 Jan 10 874 Feb 28 87 May
Marl
38
Mayi5
1,000 24
14% Apr
300 94 Jan 25 109 4 Apr 1 74% Jau
400 60 Jan -5 118 4 Feb 24 314 Jau
100 Jan 13 130 Feb23 77 Jau
% Jan -b 3 Jau 3
% Mar
26,750 68 Jan 25 1064 Apr 4 31% May
37 4 J an 31 46 4Mar2b 25 Ma]
"600 8% i 'lie 6 15 4 Apr 3
3 % Aug
laulO 82 Apr 4 45 Feb
200 68
35 % Apr 14
6 4 M ay
10,295 19% Jan
210 70 4 J an 3 97% Apr 17 40 Mai
{120 Jau 9 134 Feb 8 LOO
61)
98 4.Mario 43 J'ly
"ioo 77 Jan
300 18 Feb 28 40% Apr lb
36 4 Nov
1,300 35 Jan 13 70 4 Apr It
33% Jan 3 4 i, J'ly20 10% Feb
41 Jan
9,421 98% Jan 8 118 4 Apr
l.iy'J.
38 4 Apr 7
161,500
8
183,925 00% May22 104% Apr is 51V May
May22 39 J:in 3 22% J'ne
12,74 b
.lay 1 110
Apr
4,085
Feb2u
.I'no 6 52 4 b'< b
Sep
"'iiiVi
.lan 3 260
F6b2j J200 .111.
9."j
Ian 1
4 J'nol.i 85 May
1,163
9
87%
-,
107
•40
•235
•93
Jan 13
4 May 33 No*
32
Fob 67 4 Nor
H7 4 Fob 1407H Oct
160 J'ue26 168 Auk i 105 Nor
187% Feb 26 71 Mar 117 Nor
1
American Malting
5
72 4 72 4
73%
30%
31% 31
31% 31
03%
93% •92 4 93 4 02%
125
•1224126 •122 125 •122
89
".<o
904, •88
904 •89 4
32%
81% 32
•30
31
31
67 s
67
67% 66 4 664
68
43
43
45
45
44%
\
45%
i
36
20
20
45
8,820
•25
•98
43
May 1
May 4
May 4
Apr 29
May.O
Feb 28 107
800
•
LOU IHO
1
Apr
April
414 Oct
92 Deo
24 1 Nor
35 Nor
04 Deo
184 Nor
78 4 Nor.
29%D«o
98
DM
105
Nor
4 Nor
4 Nor
134 Nor
75 4 Nor
204 Dm
5
77
39
81%Dm
Nor
t44 Nor
5128
40 4 Dee
8 4 'a Deo
DM
100
33 4 Deo
95% Dec
44 4 Deo
Nor
Nor
4 1
A ok
1100
.
185
1
Deo'
65% Not
Deo
Nor
HANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
U.-itiK-
Urn.
Ask
Dnion Eich' 215
225
!
H'lito'
Mile*
XorkvUle'
.
.
21i)
2-iO
Al
575
400
......
......
Mechanical
Brooklyn'
Con'yIctuB«
t
•
1
Ask
.v. Y. CITY
Bankers' r. 105
.
ISO
146
t*5
......
Trust Co'm
Bowiv
416
806
300
.11
I
Central
1
,
.
150
Law T
170
.
BiUaiiu aatoo u rice*"; no aaie.i on this
Sale at stock i xctvan
K« or at auction
it
1
1
Lincoln
•
Trust Co'm
'
ork
M ul. Alliance
11
.
ii
1
060
1
.t
Tr
a
in.
nion
U S m
UTatbu
77o
1
1
n
—
,35
.Ji"
Mi
Wasnl
Ask
,n
1
1
11
1, 111
I'I
225
or
. . .
1
Na«HHii
1
1.0
'
235
WIlliaiiiHb'ir.
160
'l.iy.
BIA
Brooklyn Ti 116
Bl
910
1
Tru»t Co'S
BltOOKLY.V
110
ilTi't
!o or
Unit
210
Ask
1075
326
.1
57n
'•20
16
I'i
230'
..
lorlHii TniMi
Bid
in
1050
mtlle ..
upoittan
lib
ASH.
575
I'i
,fcTr
ir...
ittan
Ir'.v
Comnionw'th
240
Empire
Hqwtable n
Farm Do
200
'
Wallabonti
130
140
156
Bid
1
rli'k'i
Colonial
'
1
Quardian Ti
jo.";
Broao v.
t
ProapectPkj
Kl'ljii woo
Trii Wardl
A vi'
1
I'cop..
185
Ask
niy
125
.inn
Nat city
North
120
316
Sid
TruHt Coa.
Fifth
Homo Bank^
«6
11
BROOKLYN
Boroi,
Uroaii'
Bid
Knnlit
BROOKLYN'
{
1
I.eau thau 100 nuarot.
stook dividend,
•
Una week.
Bx
'
21
Jan 19 484Apr 17 22 4 J'ue
Jan 25 61 4 Apr 13 16 4 Jan
406 103% Jan o 122% Apr
754 Jau
2.200
6 J'ly 17
8% Jan 14
24 J'ne
1,400 20 J'ue 9 28 4 Mar 7 16 J'ne
100 97%J'nel'^ 08%J'ne28
22,800 79% Jan 9 128% Apr 13 46 Feb
1,300 1114 Jan 18 127 Apr 6 88% Jau
103 May31 183 Jan 21 110 Jau
99 Jan 7 105 4May26 85 Jan
pref
•9
104 104
9% Union Bag & Paper
9% 9%
•72
74
73% •72
74
Do pref
30%
31% 31% 314 31% 31% U. 8. Cast 1. Pipe & Foun.
Do pref
92% 92 4 92 4 92
03 4
a
125
122 125 •122 126 United States Express..
89
90 4 •89% 90 4 •b0 4 00 4 U a Realty* Improve'nt
•31
32% •30
32
U S Reduction & Reiin'g
324 •30
67 4
•65
Uo pref
66
66
66 4
66
43
4i%
474 494 47% 48% United Slates Rubber
lou%
110V1114 111% 112% 1124112% 1124 113 4 112 4113 4
Do pref
23", 34%
34% 34% 34% 34% 34% 34%
34 V United states Steel
34
34% 35
101^102
102',
102S,
i>>>
102 si 0.
pref
10*4102% 102 4102
102
33",
iJ5% 35%
Virginia. Carolina Chem..
38 « 84
33 4 34 4
34% 84% 34 4
•10
15
1,860
47% 48% American Locomotive...
112
Do pref
112
5
80
44
Oil
pref
Do
45
112
•%
86% 86
130
7
J'ly
17
43% Apr 6
65
Apr 12
123 4 Apr 4
Highest
434 Feb 82% Deo
Alar 24% Deo
13
72% Jan 87 Deo
43% Aprl4 14% J'ly 35 4 Deo
1044 Apr 6 67 Jan 94% Deo
6,800 27% J'ly 19 38 Apr 3 244 J'ne 37% Deo
400 89 4 J'ly 11 97 Feb 16 88% J'ne 97 Nor
125 {209 4 J an 4 216 Feb 2 130 J'ue 219 Nor
250
5 V J'ne^S 14 Jau 4
6 Aug 14 Deo
2,700
6 J'ue 7 114 Jan 14
2% Jan 11% Deo
7,020 34% J'ne21 55 4 Mar 17 114 Jan 48% Deo
64
7
40%
264 26 4
S9
1
87 4
44
86
bo
I.vursl
113 {236 Jan 8 4260 Feb 7 4220 Feb 250 Oct
11,600 13 May 4 19 Feb 17
6 Mar 21% Nor
68 Feb 17 39 4 Mar 71 Nor
Express
llis-Clialmers
Do
:
*% 1
86% 87%
300
000
300
American Express
4 64 American Crass Twine ..
7V Amer Hide A Leather
De pref
88% 39V
27
27
American Ioe Securities.
•17
20 American Linseed
6%
47% 484
Adams
Amoncan Cotton
29
00
225
I
'% 1
85% E6
Highest
1,300 46 4 May 4
Do pref
190,b5o 70 Jan 25
82% 81% Amalgamated Copper
100 20 Jan 24
23 4 2JV Amer ARrtoult Chemical.
80 4 Feb 3
Do pref
35 86% American Car A Foundry 2,900 31 Mny22
100 x914 J an 26
•98% 99',
Do pref
58
38
m
Kanye lor tyeiitu*
Year(iyui)
IniluMriiil &; iHittcoll
247 4
33
38
38
38 V 39
•
1384 139
138% 139
138% 138% 138% 139
1384138%
".38
•138
140
• 137
1SS%133%
4139 4 -133 4 1304 1384140
139
139% 13;>% •139 140 -139 140 139 140 •187 140
•189 140
•96
•964 97
97
96% 97
964 97
96% 96% «964 97
35
35 4 36
3/% 38 4
36V
36% 37 4 37 4 38%
35% 36
7
103'(.
102
104
I03
104
104
104
{102
•104 104%
104 104
b
109% 109%
108 108 4 109 110% 108% 1094 108%1094 1084 110
187 194
•187 194 •187 194 •187 194 •187 194 137 194
•16% 164 •16% 16% •15% 16V •154 16V •15% 16% '15% 16 4
56 57
•66
• 56
•56
56
58
56
....... .
68
5b
•14
•45
46
45
45
44% 46 V 44 4 44 V 44 4 ^4% 45
10 14 101
104% 105% 104% 105
1044 1044 104 104-v
1104 104
46
464 45% 46% 45% 47
45% 46 't
45% 46% 464 47
•
95
95
95 •
95
95
•...
.
13% 13 7t "13 4 14
13 4 13 4
13%
•134 14
134 13V •13
190 1J0
•190 192 •190 192 -19041914 190 4190% 190 190
•10
•10
lo% 10% 10% «10
11
•10
10
10%
10
10
4b 4 48 V •47
•48
49^ •4b 1! 44)% •48 4 49 V
484 47 4 47 4
*4L
42
41% 42
42
41% 41%
414 42
41
414 42
•81
-81
81 84 81 84 bl 84
•81
84
84
84
90 110
-90 110
•
•90 110
110
109 109
1014103
8J
95%
94
92
95
92
93
00% 91%
9)
95%
90
173
•174 176
175
1744174 4 174% 174% 175 175
175 175
'19
20
10%
lb% 19 V
19 4 194 •19
18% 19
18% 19
78% 79
784 78-1 78V; '.84 •78 4 79 4 *784 794 79
70
*67
•57
-57
57 85 •57 85 57 85
85
85
85
•'.7
•_:7 4 30
:-;o
'27 4 30
26
27% 3o •274 30
fc3
*80
{t-3% 83% •82
•to
83% •82
83 4 •80
83
83
31% 33 4 32
33 V
34 4 84%
314 32% 32
82%
•70
•70
'70
»70
76
76
*70
76
11
75
75
77
604 bO% 57% 60 4 53
•iA>% 614
584 55 4 5b
56% 564
Iii64in<4 1134115
112% 113
113 113
113 1134 113 113
*-'-% 22%
23
•22
28 4
23
23 4 23 V
23% 23 V •22 4 24
95
•8J
•90
•90
•90
;5
95
-90
•td
95
95
95
•44
40
45
45
45
44 4 44% '44
444 454 44 4 45
• 1044106
•104 106
'104 106
105 105
105%10o% 105 4105 V
•145 150
•145 15u
14-% 148% •145 liO 41494 1404 148%148%
99i4
•98
9
99
9a 4 984 -98
99% 93 4 99
98
9b%
•42
43
42% *42
{43
43
44
42
43 4 43 4
43% 44
H4% 105 V 104% 105 105 105% 105 105% 101% 105
105 105
13% 14
13% 14%
12 4 124
124 13
12% 14
12% 13
58
67
55% 57
50
55
48
50
49 4 51
48 4 49
•394 40", 40
404 40
•39 4 40V
40
89
39 V
39% 40
•944 95
•J4 4 95
*94
•92 4 944 •94
9 4%
94% 93% 93%
•239 242
•239 242
239 241 *239 241 239 241 239 2 11
37
•35% 364
35 4 36
35% 35%
35% 36
30 4 364
•99 100
•96 100
•99
99 4 •99
y9
99
99 4 99 4 9 9 4
20 %
iO
20% 20*« 20
20 V
20% 20% 20% 20 4 20% 21%
81 Hi 81%
814 82
81% 814 8L4 82
81% 82% 82% 83 4
34 4 34 V
34% 34V •31
34
34
34 4
34%
34^ 34% •34
•103 106
•10341064 104 1014 U034105
104 4104 4 •1034105
80 82
82
•81
82 4 •81
83
-814 82
83
814 82
•160 126
•100 125
•160 125
100 125 •100 125
*1lO 125
•37
139
37
37
Erie...
Do lstpref
Do 2d pref
42
247 4 »28«
6
7
•167
Lowest
4 May 23
1,600 37
May23
»8a% 23 4 Wisconsin Central
62
Do pref
1014103 '1014103
9
94
94 10
•1014103
lor Year 1905
of lOU-share lots
Week
Shares
•50
28% 29
220
74
404 41%
25 4 26
20
45
'17
92
225
Range
On basis
1
•40
•22
99% 99%
92
•220
10
38
139
40
36s 38%
99% •98% 99 V
•*7% 304
30 V 31
80
ol
the
EXCHANGE
abash
19V
Do pref
39 4 39 4
10 4 10 4 Wheeling A l^ake
81% 88%
"36"
Sales
STOCK
66
82% 83%
•23% 24 V
24% 24%
98V
084 984 •98
U6%117%
11641164 116% 117%.
1164117
12041204
• 119% lao^
120% 120% 119% 1-0
•
39
164
33
•'.•8
7
20
•394 45
48% 48
112 112
23 s
62
"35%"
40 V
25% 25%
•17
•38 4 41
•23
24 4
•23
24
•50
61%
83% 83%
39
39 4
•24% 26
• 17
20
•Ss'Vj 45
484 48 34
•in
99 V
32 4
92 -.
4
40
5.M9
600 34 4 May22
88% 38% ToL St. D. A W. Y. tr. ctfa
400 61% Jan lb
67
Do pref. rot. tr. otfH.
11241124 Twin City Rapid Transit. 1,170 106 Jan
{153% May 17
Do pref
827,000 113 Jan 6
127%1294 Union Paclno
400 06 May 1
•97 4 084
Do pref
4,000 214 Jan
66
65
U nit Ry a In v't of San Fran
4,000
64% .Ian 16
b6% 86%
Do pref
4 38
4
-164 17
17
{242
16
*>
89
23
•51
37
NEW YORK
Friday
July Si
'iO
66% 66%
112% 113
67
113
•39
•3S4 41
•22 4 244
•66
98%
98
S-8
4 19 V
39% 40
*16
July
STOCKS
130% 1284 130 V
97 4 •97 4 98%
65 4
64% 66%
ko% 87
86% 87
•80% 81
80% 80% •30
-19
19 4 19
194
10
129
97
64
97
66
19
16'-.
*¥&*86% "iT"*¥e%
4130%
864 86%
•M>4 81
39% 40
•243
16 T8
129
97
64
Thursday
88%
4 38 4 •36
67
66% 66%
11341134 113
38
19%
{16
•38
Wednesday
July iy
Tuesday
July 18
Monday
Saturday
July 15
3
6
7
1
.
Kx
s
nifliu.
b
Now
utooK.
Trait Co. ceriulatioi.
c
'J
Kx dividend and ngnts.
Bank D ir...; van a p.ir.igr.iph
1
1
(H) aro 3l;ito bjknks
a*
Sew York
Exchange— Bond
Stock
a
BONDS
Range
Friday
July 32
A
January
211
High Ac Low
Auk Low
bid
V. H. Government
V 3 2s consul regis lered.dl930
V S 2s consol coupon <il930
kl918
8 Saregiatered
V B 3s coupon
kl918
V 8 3s reg email bonds. ./cl91K
T 8 3s cou small bonds. .fcl918
J 8 4s registered
A1907
J 8 4s coupon
A1907
1926
J 8 4s registered
1926
V 8 4s coupon
Philippine islands 4s. 1914-34
Last bale
STOCK EXCHANGE
Wkek Evooia July 21
Central 01 u»- voiutnued)
N. Y.
Since
or
1
Uxyli
V
104
ctls full paid
loan 4Hi« ells fml pd.1926
Kepub of Cuba 6s exten debt..
U Sol Mexico « f g 6s of 1809
1964
Gold 4s of 1904
£
104%
li'4
104
H;
104
101% Sale
101%
9tl%Sale
91 s! Sale
107 Sale
99 loo
99 -*b
91 H»
06 J4
100
93%
liese
sale
art pr
Am
93*a
132Hil32'fc
132*4 133
110
109
n
the u avi*
01
$5
Class 136s
Class O 4s
,
[
190t,
Currency funding 4s
Diat of Columbia 3-05s
.
101HiJan'05
109 '4 Oct '(Mi
102'aMar'02
111 Mar'02
119 34 0ct '04
99
99
4 to 6. ...190b
1900
192U
1924
117
Louisiana uew consol 4s. .1914
North Carolina consol 4s. 1910
1919
6s
So Carolina 4 His 20-40
1933
,Tenn new settlement 3s. .1913
Small
Virginia fund debt 238...1991
6s deferred Brown Bros ctfs.
100
104
to £..
'
95 7
96
8
96
,
13
16
101*2 101 Hi
I
97*2
18%
Railroad
A labama Cent Hee So
Ry
AlabaMnll bee At Coast Line
Albany Susq bee Del & Hud
Allegheny Valley See Peun KK
AUeg & West nee Bull R & P
Ann Arbor 1st g 4s
/U995
'
<fe
'
'
1
99*8 09 Hi
Q-J
99 Hj
99 H,
96*a 101
1
104 Hi 165 10l 34 105
Atch T&SFe gen g 4s.. .1995 A-O 104*4 Sale 104
102 34 May '05
100 Hi 102*4
Registered
1995 A-O
17 100
Conv g 4s (subscrip8)..1955 J-D 103 Sale lU2Hl 103
103 Hi
19 94% 97 34
y6»g
97
97
Adjustment g 4s
A1995 -Nov
973
Feb'05
Nov
93*2 973,,
Registered
/i.1995
b
"26
95 Sale
94 H.
95
Stamped
94
'il995 M-N
98
99 saMay'o5
Debemures 4s SeriesE.1907 F-A 99%
99% 99%
,
,
/
Series F
Series G
Series
Series 1
Series
1908 F-A
1901' F-A
1910 F-A
H
K
1911
1913
East Okla Div 1st g
,'
4s.. 1928
U3
118
113'g....
97 Ha....
98 ....
W
9534
96
IO534 Sale
105
92
W
92«i
100
01 Ha Sale
ti
107 34
108 14
121
99 100
,'
J p M & Co certts
Bat Creek & S bee Mich Cent
Beech Creek £ee N Y C <& H
Belie v <fc Car bee Illinois Cent
Bklyn & Montauk bee Long 1
3runs & West bee Atl Coast L
CRIF&N Wlatgu5a.l921
s
98*4101*2
1
112HiNov'U4
102 5«
125*8Nov'03
96
Not'04
105*a 105 V
14
-VIS
l23Ht
A-O
99 Hi.
114
94*2
J-J
F-A
99%
993s
913
91*2
92*8 J'ne'05
108 Hi J'ly'05
109 Ayr'o"
119*2 Mar' 04
100 J'ne'05
**.
97% ioo"
May '05
99
123
A-O
1908 J-J
1913 M-s
1913 M-S
Carb & Shawn bee 111 Cent
Carolina Cent bee Seab Air L
Carthage & Ad bee
Ced RIaif&N bee B C R & N
Cen Branch UPlstg4s... 1948 J-D
Cen Branch Ry bee Mo Pac
Cen RR <fe B of Ga ool g 5s 1937 M-N
Cent of Ga RR 1st g 6s..pl945 F-A
Cousol gold 5s
1945 M-N
Registered
1945 M-N
lstpref income g 6s
#1945 Oct
2d pref income g 6s
#1945 Oct
pref
income
3d
j>1945 Oct
g 5s
102 H, 103
102*4
102**
107 Hi 108H 107*2 J'ly '05
106 Apr'05
^2d 5s
Registered
126
Jan
94
112
122
114
Sale
112
'
96 Hi Sale
84
85
74 Sale
119
114
107
Hi
1919
Sinking luud 4s
Nebraska Extension 48.1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds bee Great North
Debenture 6s
1913
Han <fe St J os cousol 6s.. 1911
CI11C& 1£ 111 lsts f cur 68.1907
1934
1st cousol g 6s
General cousol 1st 5s
1937
1937
Registered
Cliic<& IndC Ry 1st 58.1930
Chicago & Erie bee Erie
Uhic In & Louisv ret 6s. ..1947
Relunding goldSs
1947
Louisv N A &Oh 1st 6s. 1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..el989
Registered
el989
General g 3 His series B.el989
1921
Chic<fc L Su Div g 5s
Chic & Mo Riv Div 5s... 1920
1910
Chic & Pac Div 6s
lstg 5s
1921
Chic<fc P
1916
Dak& Gt So g5s
1924
Far & Sou assu g 6s
1910
Hastcfc D Div lst73
1910
1st 5s
1908
I & D Exten 1st 7s
1919
LaCrosse & D 1st 5s
1910
Mineral Point Div 5s
1910
So Minn Div 1st 6s
1909
Southwest Div 1st 6s
Wis<fc Minn Div g 5s.. ..1921
Mil & No 1st
L 6s. ...1910
1913
1st consol 6s
1915
Chic <fe North w cons 7s
Extension 4s
1886-1926
1886-1920
Registered
1987
General gold 3 Has
»1987
Registered
fund
..1879-1929
Sinking
6s.
1879-1929
Registered
Sinking fund 5s. ..1879-1929
1879-1929
Registered
Debenture 5s
1909
1909
Registered
1921
Debenture 5s
Registered
1921
1933
Sinking fund deb 5s
Registered
1933
Des Mo & Minn 1st 7s. .1907
M
13 102
104 34
105*2109
105 34 106
94
94
Apr'05
110
112
J'ne'05
119
10 113
.
121Hi
116*4
J'ne'04
96%
96 Hi
14
83
71
84*2
07
12
Hi
75
1st 6s. .1905
Illinois 1st 5s
1910
C F & St Paul 1st 5s 1909
Winona & St Pet 2d 7s.. 1907
MU L S & West 1st g 6s 1921
Ext & Imp a fund g5s 1929
Ashland Div 1st g 6s. .1925
Mich Div lstg 6s
1924
Convertible deb 5s
1907
118*8 121*2
Incomes
1911
Ohlc Rock Isl & Pac 6s.. .1917
'05
114H
Div 3*a8
98 100 H.
100 34 102*2
MYU4H
90
97*4
I
01
62H»
00
86
76
Registered
General gold 4s
Registered
lst& refunding g 4s
Coli trust Series C 4s
1917
1988
1988
1934
.. 1905
191o
H4s
1915
M. is
1910
N4s
4s
1917
1918
P48
Chic R I & Pac RR 4s. .2002
Registered
2002
1913
Coll trust gold 5s
Ok
G
gen
.01919
&
5s
Choc
g
1952
Consol gold 5s
1923
Keok & Des 1st 6s
M
MISCELLANEOUS BONUS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s. ...2002
BkCity let con 5s.l916, 1941
Bit Q Co & S con gu g 58.1941
Bklyn Un El lat g 4-5s.l950
Kiuga Co El lat g 4s.. ..1949
Stamped guar 4s
1949
Nassau Elec gu g 4s
1951
Conn Ry & L 1st & ref g 4 Has '51
J)en Con Tr Co 1st g 5s. ..1933
* Den Tram Co con g 6a. .1910
Met Ry Co 1st gu g 6a. .1911
Det United 1st con g 4*33.193-'
Havana Elec conaolg 5s. 1952
Louis Ry Co 1st con g6s..l93o
Jiet St Ry gen col tr g 58.1997
;
I
i
1922
1949
1949
1949
Street
on >ext
l
J
95
F-A
94%
94H93*3
96
109 Mar'98
117*3 116 J'ly'05
Sale 116% 116 34
120 J'ly'05
94% 96
116
Sale
Bway<&7thAvlstog5al94: J-D 1 1 34
Col* 9th Avl- jug 68.1993 Al-S 119^
*No price Friday; latest price Una ween, a Due Jan
92
,.
114
Ha
Hi
96
W
106*2
110
111
118 34 119»,
116
109 109*4
106
110
119
M»y06
116*4
108Hi
May'05
107
113
133*4 135
4
116
112
85
80
1U13«
119
I OS
Hi
.1
U
8d*4
bo
113% 113*4
86%
'4
79% 83
i-4
ft0*4
105% Aug'iM
'JO
1
-j
110*4 110*4
101 '< 103%
J'ue'05
106-4 J'ne'i/5
Api '05
M-N
M-S
J-D
A-O
106*8....
106% 106%
113 '4 114
1 rj-*4 J'ue'oo
104 J4 loo % 104% J'ly '05
138 Hi Sale 133 Hi
l.>8Hi
•U-N
121
iuo
134
108%
106
100
100
>4
106»s
108*2
106
Hi
138 *a
119*2
U9*3
120
121*4
1
33
US Hi 122
120*4 Jiy '05
la Hi Mar'06
121*4 Apr *Oi>
134%
1(10*4
111% H4Hi
l'i4%107%
1
134*4
80*4
103
lol
95*3 98
yO*g 96*g
ll0'4 Jan 'OS
1U1 34 J'ne'06
100
J-J •119
98%
97
104 J4 Apr '(Hi
»03 J'ly '05
H6%
95 3,
Feb u5
Jd-S
U-N
113
Ml*4 104
May'05
^0*4
A-O 102-8 ...
M-N 107 107 Hi
M-N
113
Apl 'Uj
113*4 Feb '05
95 -j Sep '04
85
95 7,
05% 110
107%
I
1(16%
H8
80
....
10o->4 ....
116*4 116*4
Vi
in- (if,
Salt
106>4
101% 102 7g
106 108*g
10834 HI
117*4 122
110
Sale
102%.
103% 104*2
is
Mar't>5
101*4 J'ly'05
51714
J-J
J'ly'05
J
J
J
112*2 ...
li2
112
10B*3lO9Hl ill 3, J'ne'05
Mai '05
87
134 137
112 115*2
109 Hi
178 187
-J
J
109%
H>9% 111%
•
J
r-j
j-j
1
.'.'.'.'.
1
Salt
1 1
110
97
114*2
.
...
113*8
1
105
106
15
H8*«
lo9
lo'J
108*8 J'ly '05
116% J'ue'05
....
2b
101
101
103
118
Nov'98
111%
A-O
A-O
M-N
110*3112
104*2 106
Ai-N
lol
104%
112%
110-2
117*4
116*4
116*8 il6'g
126*4
99*3 101*3
1*17*2
104^
104
113*4
113%
108% Jan '04
117
1^7%J'ne'05
119*4 Nov'Oi
J-J
1Z9%133
101%
131*aJan'o5
J-J
J-J
A-O
M-N
M-N
M-N
M-N
M-N
M-N
M-N
MN
M-S
J-J
103
109
20%
123
105*4
107
9b%
110*4 110%
127% 130
'03
J'ly '05
Sep
May'05
I06
96
93
May'04
May'0 4
94
Dec '04
90
May'04
82%
Sale
120% 126
123 123
4 104% 107%
Jan
'03
97*4
101*4 Sep '04
97 J'ly '04
93%
93%
92%
131*2 131*a
Apr '04
96%
91*8
83
104 *g 107
142*3 Eeb'O'.
1
97% Sale
119%
115%115H»
110*4ilar'o5
121
105*3 Sale
105
Hi
117 M.ay'06
115*3 Apr'05
107*3
128
120*4
131
J-J
J-J
106
111*3 113*"
104HiNov'04
105HiMay'04
105 May'o5
103
121
118**
117 117
110*2 113
Mar'04
101*8
F-A
M-N
129%
105 34 105%
F-A
iU5*8
112
1K% 112%
J'ne'Oc
M-S
M-S
M-S
M-N
M-N
F-A
M-S
100
111%
117Hj
11-:%
U4%
20 108 Hi 111*3
108'a 110
115*2 116%
Eeb'05
117
110*3 Apr'O..
107 Mai '04
104
Hi
110
183% 185
115
115%
100-' S 106%
112** Apr'05
99Hi 101
*117
A-O *117
99
114% 117
114% 116% 116% Jau '05
127%129 127%May'oo
100 108 iu5%
105%
102% Ma) '04
AO
U3%
110*2 120
Aug'o4
lbo Api '05
116% May'06
100% Apr'05
114%
Hi
110% 116 34
% May'Oo
lo7-s
109%
110
J'ne'o4
J'ly'05
129%
108%
A-O
A-O
M-N
M-N
111
Hi
111 -3 J'ne'06
116-4
115
112 Mai '05
137*2 J'ly '«'.'
113*8
105-3
F-A
F-A
M-N
m-F
11 HjJ'ne'o5
ill
100
1
iOS's
115 Sah110*3
j-j
j-j
J-D
J-D
W-F
1H%
99
16% Api '05
lly%May'ti5
117%
83
i*9*6
96
99*g
476
79
85
76*2 Sep '04
94Hi Sale
106*4
M-N 112
A-O 109 *g
110*gApr'05
115 Apr'05
110
97%
115%
115
115
J'ly'05
109
110%
94%
HO
94% 355
90*3
a«e.
Railway
J-D
A-O
A-O
F-A
96
133% 136%
135*4 J'ue'05
112 J'ly'05
101 34
A O
don Profit sharing 6s. ..1908
Union El (Chio) lat g 5s. .1945
United RRs San Ersf 4s. 1927
United Rys St L 1st g 48.1934
Chic St 40-yr cons g 5s. 1930
J-J
93
J'ne'99
lo4HiMar'o5
100*4 102
96*3 98
113'4
A-O
M-S
96*.
High He Low High
Feb'o4
lol 34 bale
106
110%
A-O 109*3 Sale 109% 110
3 108% 112% Met St Ry—fConjRef g 4s2002
LexAv<&PFlstgug5sl993
J.J
89 % Sale
89*2 346 83*4 91%
89
J-J 106%
Third Ave RR con gu4s 2000
108% May'05
108% 108%
M-N
Third Ave Ry 1st g 5s. .1937
106 Eeb'05
106 106
F-A 111*4 Salt 11034 Hi*.,
109*4 113% Met W S El (Chic) lstg 4s. 1938
F-A
El Ry & L 30-yr g 5s. 1920
Mil
93 J'ne'05
93*2
92
P-A
95 Sale
95
94%
91Hj 96% Minn St Ry 1st con g 5s. .1919
J-J
87% 8738 87^
St Jo RyLtH&P lstg 5s. 1937
87
91
J-J 101% 102
101*3 lOlHi
98 101 Hi St Paul City Cab con s 5s.l93'i
A-O
Underground Elec Rys of Lou
95 J'ne'00
J-J
J-J
J-J
January 1
103%
J-J
J-J
F-A
F-A
Sinc4
A*.
107*4 Aag'04
134 Hi 133% J'ly'05
133*3
112*4 113
J-J
M-S
M-N
Range
or
9334 J'ly'05
104
102
.1950 J-J
D 5s 1905
Milw& Madison
124*2 126Hi
124 34
A-O
M-N
M-N
M-S
M-S
Ill
134
1st lieu 3*2S-..1950 J-J
Ott
M.& StLlatgug7s....l927 J-D
Cianada South 1st 5s
99
119*2123*4
08Hi 99*4 99*8
99*s
lOlH 102 101
101
119»g 123
121
121
118 H».... 120*2 Mar'OS
111*2....
112*2 Sep '04
A-O
A-O
102% 106%
104*8
114
93 Hi
98H> 101
91 Hi 93 Hi
92*e 92
108Ha 1 08 H2
109 109
103 Apr'97
124HiApr'05
126 Mar'06
126*4.
125 Hi
J-J
J -D
R&
North
.
JO
97%
103
106
91
92
123
.
76
J'ly '05
113*2 J'ly'05
104
92
ol911
1939
1939
1992
1992
W
a; 100 a4 103*2
112 s8 Jan'04
14*4 Oct '04
93 J My '04
97 34 Oct '04
99
if
;
99 Hi 99 Hi
96
M
.
99% "99%
J'ne'05
97 Oct '04
101HiJ'iy'05
141 Hi....
12y34 ....
114 •(,....
W
N Y & Erie bee Erie
R & P gen g 6s.. .1937
All •& West 1st g 4s gu.. 1998
CI & Hah 1st gug 5s.. ..1943
Roch & Pitts 1st g 6s.. .1921
i
Consol 1st g 6s
1922
I
fuffalo & Southwest bee Erie
Off <& Susq 1st ref g 4s.<21951
Bur Cedar R & No 1st 68.1906
Con lst<fccoltrustg6s.. 1934
Registered
1934
8
Hi
lO'/^ 1023b 1023g
W
Buffalo
Buffalo
6
Jan '05
98HiNov'04
99
100
S
MS
!
'.i9
4
Atl Kuox& Nor lstg 5s. .1946 J O
Atlantic Coast 1st g4s./il952
Charles <fc Sav 1st g 7s. .1930 J -J
Sav F<fc
1st gold 6s. .1934 A-O
1st gold 6s
1934 A-O
Ala Mid 1st gu gold 5s 1928 M-N
Bruns &
1st gu g 4s 1938 J -J
Sil Sp Oca & G gu g 4s 1918 J - J
Atlantic & Danv bee South Ry
Austin & N
bee Sou Pacific
Bait & Ohio priorlg3%s.l925 J-J
Registered
A1925 O.-J
<
Gold 4s
A.1948 A-O
Registered
/tl94S y-J
Conv deb 4s
1911 M-S
P J un & l)iv 1st g 3*381925 M-N
P L E & Va Sys ref 4sl941 M-N
Southw Div lstg 3 Has.. .1925 J-J
Registered
*il925
Monou Rlv 1st gu g 5s. .1919
CenOhio R 1st cg4Has.. 1930 M-S
Pitts Clev & Tol lstg 6s 1922 A-O
Pitts & West lstg 4s.. .1917 J-J
i
99*2Nov'oi
993s
98%
98%
97%
FA
FA
M
99 3
n
jj
J-J
Registered.
J.J
Goln 4s
Iowa Div sink fund 5s.. 19 19 A-O
97
y6 J4
10
Hi
1920
1st cousol g 58
Registered
General gold 4His
Registered
Craig Valley 1st g 5s.. ..1940
A Div lstcong4s..l989
1989
2d consol g4s
Warm spr Val 1st g 6s.. 1941
Greenbrier Ry lstgug4s '40
Cluccfc Ail RK rei g 3s.. .1940
Illinois
95
5s. .1921
Gold 6s
Registered
Chic B & y— Oh & la
Denver Div 4s
Dec '04
136HiJ'IV'01
1^0 Mar'UC
95 7s
95 %
95 Hi Dec '04
3
96 4 j'ne'o5
13
13
& Imp gu
Leh <fc Wiiks B Coal 5s. .1912 M-N
Con ext guar 4His
srl910 4-A1
N Y & Long Br gen g 4» 1941 M-S
Cent Pacific .See So I'acitlc Co
Chas&Sav See Atl Coast Line
Ches & Ohio g 6s ser A..A1908 A-O
Railway
106H.lieo'O4
103*4
Dock
/il987
Le& Hud R geugug5s
105 Hi
10j7e
104
102 242 94*2 103*2
99 34 11 90*8 101*4
93*4
92 °t 2112 86
9 103*4 108
107
4 t!'9*2 101*8
100
93*6 6. 92
96
1
ices
Mobile Div lstg 5s
1940 J-J
Jeut of N J gen'l gold 58.1987 J-J
106
State Securities
i
Range
Ask Low
Rid
(
Registered
131HJ 132*4 132 7gJ'ue'0&
132% 133 Hi 133 J'ne'05
109 J'ne'06
108
2d series Os
Alabama class A
>fee/c*«
Last bale
94
pur mon g 48.1951 J-D
Mac & Nor Div 1st g 5s. 1946 J-J 109%
Mid Ua & Atl Div 5s
1947 J-J 110*4
104*2 104 7e
104 Hi 105%
103 Hi 104 34
103*8 104 »e 104HsMBy'05
103% 104',, 104 Hi J'ne'05
103*4 103% 104 Hi
104*3
104 194 H 104% J'ue'05
107 J'ue'02
103
10lHil>ec'04
104 104 Hi 104 J'ne'05
104
Foreign Government
Japanese Govt Cs sterl'g.1911
!
Prtce
Friday
July HI
Cliatt liiv
>
!
Weekly and Yearly
BONDS
Range
3-~
WeelCs
Price
8T00K EXCHANGE
Wuck Entjing July 21
H. Y.
i
Record, Friday
OCCUPYING FOUR PAGES
J-J
J-J
F-A
F-A
J-J
M-N
J-J
J-J
91% 90%
118%.
120
96
95*2
91
J'ne'05
96
118% Apr'05
1X7"
95 Eeb'05
109 *«
106 Oct '99
110
106%Nov'04
100
111 113 Hi 110 J'ly '04
98% 98%
1
91
98»a
98%
06%
J'ly '05
106% 106 34
91
87*2
87% 91
85% 89%
90%
87% 87%
91*2
M-N
90
94*a
117 120*3
94 7g 97 »a
II6H1II8H1
96
90
99
97
100*3
Deo '97
120%
Gaa and Electric Light
1 116*3 119*2
Atlanta G L Co lat g 5a. ..1947 J-D
.. 118% 121%
/c Due Aug
«Due Oot
d Due Apr e Due May yDuej'ne A Due J'ly
9 Due Nov *Optlon
aaU«_
1
'
Bond Record— Continued— Page
Jii.y 22 1905.]
Ittl.MO
Jxrice
trutau
July 81
STOCK EXC1IA
Wkkk BHDINO July 21
SM AtOll A- Sa <
Shle A St
htoStLA.NO fit* IU Cent
Chic St LA Pitts See Pent) C'r
Clue St P M A O con 8a.. .19311
N. T.
i
!
137V8aIe
j-r>
JD
93V
.1
Chicago r»r liuns
Coupon
g 4s.
..194.
97
ml ecu b 6a ul 982
W
\v Mien sm PereMaro,
Chic A
Chic &
HAD
ii
a-
i
r
January
1
137V
126
97
95
185" i"36V
c4
oousol a 7e...
Cln
1987
2d gold 4 V»
Cin D A I 1st gn g 6a.. .1941
Cin I A Wist bii R 48.1958
116
CI St LA< amCC C A st
A C See C C C St L
Cleariielri A Mali See R R *
Clev Cin C A st L nv a 4s 1993
1939
Cairo UlT 1st gold 4s
Cln W A M Div 1st b 4s. 199
'.
116
119
B6V 99 V
J'ly '05
-
*
1
MN
MS
Bt L Div 1st col tr g 4s. .1990
199(1 M-N
Registered
8i>r A Col Div 1st g 4a. .19 in
NV Val Div 1st g 4s. ..1940 J J
C 1 St L A C cousol 0s. . 1 ;».'< ,WI-N
W
M»8l
M
1930
A CI con 1st b 58..192H
1914
CCC A coii80l7s
Cln S
JD
J-J
J
J
A-0
W
y-J
A -(>
V|.l
'
102 V 103
102
100>4
100V
LOOV
99 V
lo3
100V
100*4
1('4V
102 V 104
103
115
132
103
ioov
Mai'ir.
Jan
l(i3
J'ly '06
J'ly '05
100 '«
>
1
1
100V Sale
73
V Sale
A-O
116
100V1O3
ln'2 V 1H2V
112
114
\t
121V 121V
J'ly '05
131V 135
J-J
117*4
100V
73
98
100's
73 V
116V Jan
.
74
95 V
101
84
71V
U6V116V
'05
74 V
95 h
73V
77
95 V
yov
A-0
109V. ...
JD
r'
Alb A Sus 1st con gu
1900
Guar gold 6s
f Rens A Saratoga 1st 7s. 1921
Del Rlv RR Bridge See Pa KK
Denv A R Grist con g 48.1931
I
130 V J'ne'05
139V.
J-J
100^4 Sale
100V
Consol gold 4Vs
1930 J-J
Improvement gold 5s... 192s J-D
Rio Gr West 1st g 4s. ...193!'
Consol and col trust 4s 1949
Utah Cent 1st gu a 4s al91'
Rio Gr So gu See Rio Gr So
Des Moi A Ft D See C R A I P
Des M A Minn
Des Moi Un Ry
See Ch A M W
1st g 5s. .1917 M-N
Det
A Tol See L S A M So
Mack 1st lien g 48.1996 J-D
Det
199 J-D
Gold 4s
1951 J-D
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941
Dul A Iron Range 1st 5s. .1937 A-O
M
A
MS
193 A-O
1910 J-J
g 5s.. 193 J-J
Registered
2d tis
Dul So Shore
A A tl
See St P M A M
A Ga See So liv
Elgin J ol A Last 1st g 5s. 1941 AS
Elm Cort A No see Leh A N Y
East
ast
of
Minn
Ten Va
.
108
Apr'05
108 V 107
100
99
V J'ly '05
l
4
91^4
93^
100V
J-D
M-S
M-S
J
J
J-J
J-J
J-J
FA
J-l
J -J
.VI
-.\
A-0
A-0
gu 68.192'.:
lOlV^ale 101V
Georgia A Ala See sea A Line
Ga Car A Nor See Sea A Line
Georgia Pacitlo See So Ky
ilia V G A Nor See So Pao Co
91V
<)7
...
.
i
AS 1
105V.
1st ref
See dies A O
At 2 5s 61962 J-J
A St Jo See C B A Q
Han
ousatonic See N Y N H A H
1 st consol g 4 Vs. 1909
Registered
1 999
Col A H V 1st ext g 4s.. 1948
Houst K A
Tex See So Pac
oust A TexCen See So Pac Co
Illinois Central 1st g 4s. .1951
Registered
1951
let gold 3Vs
1951
Registered
1951
Extended lstg3Vs
1951
1st gold 3ssterllng
1951
Coll Trust gold 4s
1052
Registered
1952
L N O A Tex gold 4s ...1953
Registered
1953
Cairo Bridge gold 4s
1950
Louisville Div erolri 3 Vs. 1953
Middle DivregSs
1921
Omaha Div 1st g 3s
1951
St Louis Div gold 3s
1951
ReBistered
1951
Gold 3Vs
1951
Registered
1951
Spring Div 1st g 3V8...1951
Western Lines 1st s 4a.. 1951
Bellev A Car 1st Os
102:;
Carb A Shaw 1st g 4s. ..1932
Chic St L A N O g 5s. ..1951
Registered
1951
Gold3Vs
1951
Registered
1951
98
95
97
110
112V.
120 V Sale
105
132
lul V
Jan '02
98"
sale
Sale
108'*
124
84
96 V
110
110
J'ue'05
111V116
U7V120V
120V
107 V 110V
114 V 117 V
101V 103
133 137
Nov'04
07 V
98
A
118
116
117
110
104
105 110
L20*
105
I 02
134 V
109VJau'0-
109V 109V
iui"ii'o"
J'ne'05
117
117
117
4
Apr'05
1
J'ne'05
L02V
UtfVMay'05
1
'.,
1
1
1!
111
L09
V Jan '05
I
l
J'ly '05
J-J
101
1
7
'v
M-S
JD
FA
F A
M
N
112
113V,
^»o orio« Friday; lateat bid
7
187 '<
99 V 103 V
J'ne'u3
109%
and asked
tula
General Bold 4s
Ferry gold 4Vs
Gold 48
Unified gold 4s
109V109'
122
122
J'ly '95
122
l
10 V Jan '05
103 Nov'04
1
126"
Mar'04
120
102 3 102
79
80
J'ne'95
99 V 100 V
119 122 V
100 103 l4
70V 81
113
J'ly '05
HO
Apr'O^
112V
85
85
88
70
75V
120
102
<
112V
85
72 V Sale
E H
A
Nash
1V3
91V
6
127
94 V
117V120
112V 110V
J'ly '05
Apr'O,"
Feb '05
117
V 120
U0V112V
Jan '04
119V May'05
17
109 V Oct '9.
115 J'ne 05
V il9 V
115
Jan'Oc
99
115
99
1
:
105V
101V.
100 V Nov'04
1UV--
117 V Apr'05
117V117V
100V J 'iy '° 5
100V102V
101
101 V
100V102V
*102
1st
1
105
105
100
«..
4
103
101 V 103V
102V
J'ly'u
Mar'o;
113V
105
112
Ill's
111% May'05
UlVllD'"
V J'ly 05
V 105S
112"* 112 V
104 V 105 V
119 122
117
119V
102 V 105 V
107V
lo-iv
112V
105
I
V 100
1
2
105
120
'4
.Mar'
1
120
J'ly'o.',
119V
L18V May'O.
103 VI 04 U 104V
104
'
J'ne'04
101
99
'.j
Sale
114V
L919
'4
II
'4
1
114VH5
Apr '05
115
99
99
'•.
18
k»7V
loOV
ill'4 117
J'ne'05
I'aac.
l.itrht
con g os. 1943
1947
ChG-LA. Cite latgng6a 1937
Oil '.
oof (Ii 1st gu b 6a. '30
Mu Fuel Oiu lsi un a 6a. 194 7
suae Lighting 1st g Ba.'Bl
ronton G A 1.1 lm g 5b.. 1949
ter LUht'a g 58.1950
is A;
Jan'o.
99 14 Oct '0^
100
100 V
110 J'ne'Oi
105
98
1931
nml Electric
Refunding gold 5a
1
V J'ne'05
112
105
.
100
g 48.1928
1st g 6s
1
•
1
191
.
u 0s..l91
Lac Gaa Lof St L 1st g 5s. el 9
Rel and ext 1st g 5s
1934
Milwaukee Gas I, 1st 48.. 1927
N V ii E L 11 ,fc P g 68.. .1948
Purchase money g 4s... 1949
Ed ei 111 1st conv : ..-.. 191U
1st consol gold 5s
1995
'
110V
*
99
1911
Coll trust bom 5a
5-20-yr OOl tr deed
I
1
.
Loulsv & Nashv gen g 68.1030
Gold 5s
1931
Unified Bold 4s
1949
Registered
1940
09 V
00 Hi"
72 V
72 \
63 Oct '00
117V.-- 118
114V115 116
117V 118V 120
120 V.
110 V.
113 '4
N V BdoM Blstoong6sl93o
N Vi B B 1st g 5a
1927
XorShB 1st con b gu5sol93<
Louisiana A Ark 1st g 58. 1927
•-".
.
123 J'ne'o5
94 V Apr '05
Due J an
95 V 96
'99
....
120
102
193a
1922
1932
1949
1034
1949
Debenture told os
'01
J'ne'05
1U7V Dec '01)
liiHV Feb '05
100 May'05
week, a
V Oct
Nov'00
109 V May'O
102'
Q-F
109
A
105
M-N
J-D
109 V Sale
FA
M-S
J-J
1
91
Mar'06
96
100
loov
121V
CTAQXI LAPl8tcong6al930 FA
N \ a Rich Gaa lal g 68.1021 M-N
Pal <v PaaG <t B con g 6a. 9 19 M B
Nov'03
GIVOct
91
Xau City (Mo) Gas 1st b 5s 1922 A i)
D8
itli.Ka Co El L* P b 6»...19:i", A O
108
Purcliaae money 6a
1997 A-O 128 124
*u El UBkn latcon b4h 1U31 J-J
94V
*
118
113
66
J'ly '05
100V J'ly'05
105
V
.1
(intt
J'ne'05
"94V "96 V
'85 "86"
'05
Nov'04
101
CAN
i.iK
70 V 09
172 172
104V106
103
106V
M
Bimt/ELJLANEUUal IJ(IM»—Continued on Next
07
108"
88V....
LAN
1st 5s
J'ly 'in
113V114> 4 113
Jan
86
85
93
A Hud P. See Cent ol N
A Wilkesu see Cent ol N J
Leroy A Caney Val See Mo P
,
110 4J'ne'05
A O
01 v 101
ib*5"
May'99
123
1950
Guar ret «old 4s
Bklyu A Mont 1st
111V.
M-N
1
M
Leh
Leh
12GV 126V
109 V,
.
ib'i" io3*"
86
W
95V HI
110'4
....
ibT"
noviiov
80V
A St L
Knoxville A Ohio See So Ky
Lake Erl6 A Istg5s..l937
2d gold 5s
1941
North Ohio 1st gu g 5s. .1945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) cons b4s. 2003
Leh ValN Y 1st gu g4 Vs. 1940
Registered
194(
Leh V Ter Ky 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
Leh A N Y 1st guar g4s.. 1945
Registered
191
El
lstglstpt 68.1914
Gold guar 5s
1914
98
"4'i
108V
134VJ'ue'o5
ib'6"
110V J'ne'Or
113VMar'0(
109V
Loo" ios'v Long Dock See Erie
Long Isl'd— l1itcong5s./il93l
"95"
1st cousol gold 4s
"<Ji"
/il931
93
136-V....
108
107
Feb '05
V May'05
Aug'03
100 V lOlV
122 V 128
io.i v ....
104's....
97
95
70
90
114
126 V Mar'05
110 Mar'05
122 V J'ly '05
103 J'ly '"5
112
1
A
Kentucky Cent See
Keok A Des Mo See
J'ly '05
107V
J'ue'05
103
!
W
Registered
115
92
88
b 109
U»5V J'ly '04
102 V 103 Apr'05
94 Mar'03
ib'i v 101 V May'05
70 Oct '04
108 Sale 108
108
105 4
102 Oct '01
106 V 100
105 V 105 V
100 V J'ly '05
193 V
00 V Mar'03
94 '4
95V May'O
109 V.
2d gold 5s
1909
3d gold 4a
1921
100 102V Iowa Central 1st gold 5s. .1938
Relunding g4s
108 109 V
1951
Jetterson RR <S'ee Krie
107 VI 10
98 101
Kal A A G R See L S A S
an A Mich /See Tol A O C
89
94 V
K C Ft S A
See St L A S F
K C A R A B See St L A S F
117
and Electric l.iulit
Bklyn U Gas 1st con g 5s. 1945
Butlalo Gas 1st g 5a
194
Consol Gas conv deb Os
1909
Ceoanm Gas see PG A C Co
Detroit City Gas b 5s
1923
Dei Gaa Co con 1st g 5s. 191idEllllBkn ie«KCoELAP
Ed E Hi See X Y G A E L H A; 1'
E'l G LX Y lsi con k 5s. .1932
Ei) u Ac fuel See P G
C Co
G»«<k Elec Berg Co c g 68.1049
Gen Electric deb b 3V» 1942
Or RapG LCo 1st g 5s.. .1915
Hudson Co Gaa 1st b 5s 194 9
ib'a""
W
'04
103
134
130
-5alt
110
'.'.'."'.
105V
I
M
98VJau'04
92 3i
109VH0>4 110
17 102 V
106
100 Sep '04
95 V J'ly '05
120V
102 V
,
107 V Dec '02
lOOVMay'Oc
81V Mar*05
'93 V 93 V
93 V
92
115
102V 103 3 102 V
99 103V
98 V 101
M
99
91 3<
Sep
110
571
101
101 V J'ly '05
1921
Registered./!
104V
99V
U9V....
FA
FA
1937
1940
.
103 V ib*3V
102
106 V
Terminal 1st gold .Os...
M-N
KeBis 85,000 each. ..194.; M-N
Mid RKot.N J 1st g6a.ltUu A-O
WUk & En 1st ^'U g os. 1942 J-D
Eric <t Pitts see Penn co
L
102V105W
107
110 ....
102 V 105
110
<fe
92
86
102 V May'05
1st guar gold 5s
1935
Ind 111
la 1st g 4s
1950
Int
Great Nor 1st gOs.. 1919
117
,'js
A Oswegat See N YCent
Grand RapA Ind See Penn RR
Term See St L S VV
Xor—C B A Q coll tr 4s 192
42 108 V 11 IV
1
134"" 131
V
J-J
.VI
L
ijein-rai Bold
112'
J'ly'O
90
noviiov
,VI-.\
W
Mar'98
111V
I
101
re! 5s.lo;s7
Z
V Boa A
1st
2d (."<ld 4Vs
105
102 V 1 01
89
1st g4s...l951
H3V-...
.n'
sale
L Sou 1st gu g 4s. ...1931
nd Bl A West See C C C A St L
Ind Dec A
1st g 5s
1935
115 «a....
A
112V
Den C l8t g 6s
1921
Rio Gr 1st g 4s. ..1928
I'U
So
See
PacCo
al Har ASA
*alH A H 011882 1st 5s. 1913 A-0
Memph Div
-.N
let cur
1
WA
WA
l<t
Kan C A Pacilic See M K A T
Kan City Sou 1st gold 3s. .1950
A-n
Co:
Imp
oh M A
St
J.J
lilt
l'cre
116
i'i3" 4
V
ct
1st cur us. .191.
it (»reeu
^11 B 5s.l94t
Dock
Set
M
b 68..
142V142V
II
M-S
M-S
W
Coal A
A
I
IW-K
.
Dock
il'Jvi'H*"
1st
con bu
103V 90 Nov'9>
123V- ... 124 J'ne'05
120V .... 119V Mar'04
94V....
93VMay'04
105 V 108
108 V Sale 108V J'ly '05
114V
113V J "iy '04
1 10 V J'ne'05
10-V
114'-.
114 V J'ly '05
A O
1947
Erie 1st est gold 4s
2d ext gold 5s
1919
3d ext Bold 4 Va
192; J
4tli ext gold 5s
1920
6th ext gold 4s
192*!
1st consol gold 78
1920
1st consol g fund 7a
1921
Erie 1st con g 4s prior. .199
Registered
1990
is; consol yen Lien g 4s.. 1996
Registered
l99i
Prim coll tr g 4s
195]
60-year conv 4* A
1953
Bud N YA Erie 1st 7s. .lltli.
Bui! A S
190S
Bold Us
ChlC A Erie 1st aold5s..
Jett Kit 1st au g6a....al909
iajuz
100
108
99
,
OV
129 >s 130
112 V 115
103 105
112VMay'05
A-O
A-0
M-N
104
102 34
11
126
129 34
128 V 131V
127 130
J'ne 05
104 May'05
108 J'ly "06
102 Feb '(.13
134 May'05
149 Aug'01
103 4 J'ue'OJ
102 J'ne'05
142 V Mai '05
1917 M-S
108
-
127
97V
127V
A 113V
J.J
1923
Mar'05
108
1-GV126V 120V J'ne'05
12SV132 128 V J'ly '05
J-D
7s. loot'
I
114
st
Hock Val
'04
112VFeb'04
|
'
112 V.
Gulf
104VNov'01
Term A improve 4s
1923 Nl-K 102 V
105 V 107
/ Syr Bing A N Y 1st 7a„19Ul A-O
Warrenlstrefgug3Vs.2noo F-A 100
Del A Hud 1st Pa Div 73.1917 MS 134V
Registered
104
1926
st P
1
See I'ere .Mm
l.n'A Penis see sea Air Line
lort St V D Co 1st g 4 Vs. 194
v
99V 99V
102 V
liaOaJ'ly'OB
131V
<
00V
74
75
95 V Sale
1st 68...1921
Construction 5s
gSa.1930
Branch
1
100V103V Greenbrier Ry
121V J'ne'06
134
1
W
W
114
Sull Co
a
Dd
Gray's Pt
101>4
',18V
99V Feb '05
94VAub'08
105
104
101
100
102 V J'ly '05
109 (.let '04
D 121V
J
I
1914
Consol sink (unit 7s
General consol sold 6s. 1934
1934
Registered
Ind Bl A \V 1st pref 4s. 1949
1st pt 5a...<(193M
O Ind A
Peo A East 1st con 4s.. .194(1
1990
income 4s
CI Lor A Wli con 1st b 5s. 1983
AwPeuuKU
Clev A Marietta
Clev A -Mahou Val e 5a.. .193b
Clev A Pitts See Penu Co
1947
Col Midland 1st a Is
Colorado A Son 1st g 4a. ..1921'
Colum A Greet. v Sm so Ry
Col A Hock Val fie* Hock Va
Col Conu A Term see -\ A
Conn A Pas Kirs 1st a 18. 1943
]\ak A Gt So See C M A St P
'alias A Waco see M K A I
Del Lack A Western Ts...l907
Morris it Essex 1st Ts. ..1914
1915
1st consol guar 7s
191
Registered
20OU
1st ref an e 3Vs
K V Lack A
loovill
Oct '04
Apr'06
'i
Gouv
1'
It
HitiK
138 V 12 IV
'
in
Apr 'OS
,
1
I
1
Cln S
Reentered
No Low
J'n.'ci..
lmv
114
115
I
May*06
00V
.
124
.
1
105V.
I
84V B8
114V 116V
Oct 'no
113
00
V
ov
120
II in h
Ti/
'
-:
i
96
ile"
Ask Low
SaU
11
lint
116'.,
l04VDeo'O3
Last
1st
H'argo.t so
J'ue'ot,
J'ly '05
100V.
'
let Bold 4s
Si tier
A T H 1st cons 68.1921
1942
general gold 6s
Mt Vernon 1st Bold On.. 1923
133 V 138
V
Hangs
UVr/.'jt
July 91
II,
i
19i>."
I
137V
115V 116V 115V
I^-.M
1
ChocOAGuit seev
/rice
BTOCK i:\cn \m;i:
wkkk Knuinu Jt'I.V 21
Mtyh Ac Low High
120V Mar
121V
oil
est
3; j.
09 Deo'03
136 V A l" '06
isa»a
134
M-N
Ch St P A Minn
Kor Wisconsin lat6a...l9Xti J
St PA B cuv 1st r 6a.. .19111
:
SaU
1
'
1
*5
N. Y.
i
V
V
V
'
2
Evans
to 3V8.198U
1st bOs 191s
Cons 6a reduced
Last
„
BONDS
h tinge
s nee
Bang* or
Ask Low
Bui
!•
1
1.
9
11
I
A-c
M-S
J-J
J D
109V
'.,
109\
',
May'05
92
92*4
93V
Sale
104V 106
1
V
1
LOO
93
L05
1
1
108
'.
92
05
8J
l".;i„
106
108
LOS
May*06
105
LOS
L27
bale
J-l'
M-h
J D
.112
109 V
12
J'ly '05
III.
HH
Ill7'4
I
101
110
1
1.1
'4
L27V
124
Loa
His',
108
V
niv
9 -j
107', 103
106 \t
12
'••J'ly
109 V
L08
19
lOd
iiii'
108
loo
loo
93
MN
|o:i
105
May'05
Jan '05
111)
1
109
1
10
109
107
'4
V
112'4
ll>4 113
Due Feb d Due Apr «DueMuy /iDueJ'lr K Due Aug oDuooet jDueueo 1O11UOD aala
Bond Record— Continued— Page
252
HON IIS
8TOCK EXOHANGK
Wbek ending Jolt 21
V. T.
I
ulsv
Nashv—{Continued)
<fe
& Lex gold 4%s. ..1931
* O & M lBt gold 6s. ...1930
1930
fO£M2(l (told 6b
..Oln
134
112
1
22%
Mar'05
109
AN-South M )omt 4m.19.V2 J.J
Fla& 8 1st gug 6s. ..1937 FA
113
1
1
V
6 8
1
.
105
99 n».
.
Low Hiqh N Y Cent <fc H li—(Continued)
109
Nor<fe Mont 1st gug 68.1916
West Shore 1st 4b gu... 2361
180% 182
120% 126%
Registered
2361
Lake Shore gold 3%s
114 114
1997
121%12i%
Registered
1997
97%
86
114% 115%
2%
»
15% 116%
1
1
I
I
1
104 '4
104 Vj
104 Apr'iif.
109 J'ue'05
106 >8
W
SeeManRy
Metropolitan El
Hex
Cent consol gold 4s.. 1911
t 1st consol Income g 3s.al939
2d consol income g 3s..al939
1919
Equip <fc coll gold 5s
Coll tr R 4%8 1st Ser. ...1907
Mex Internat 1st con g 48.1977
•
77
22
13
J-J
J'ly
Jiy
A-0
FA
77'.
77
22
21'>4
14
99
Id of
NJ
18%
9Shi
107
104
104
106% 109
See Erie
11 <fe
<fe
(
[
'
t
North
See
Ch
h
M&
St
P
<fc
St
h gu See B C R & N
M 8tP<fcS8Mcong4tutgu'38
M 8 8 M & A 1st g 4 int gu 1926
Minn Un See St P M &M
So Kan
t
Tex
<fe
1st g 4s. ..1990 J-D
101
#1990 F-A
1944 M-N
<
,
j
.
v
i
M-S
Guaranteed g 4s
II
&O
coll 4s
1928
1st consol gold 5s
Jasper Branch 1st g 6s. .1923
Al 1st 6s. .1917
T & P Branch 1st 6s.. ..1917
Mash Flor Shef See L
Katof Mex prior lien 4%s.l926
1st consol 4s
1951
D See N Y
ew
Y Cent
J June
See
ew <fc Cin Bdge See Penn Co
E prior lien g 6s »1916
0<fe
v Bkln
Man Bch See L, I
McM M W &
&
H&
N
&N
RR
&
Y Cent&
H
N
N H&H
1997
1934
Deben g 4s
take Shore coll g 3%s...l998
Registered
1998
Mich Cent coll g3%s....l998
Registered
1998
Beech Creek 1st gug 48.1936
Registered
1936
2d gu gold 5s
1936
Beech Cr Ext 1st g 3 Has &1951
Cart<fc
95
Sale
98^
97%
99
110
105
116 4
116 5eSale
L
12
Ad
1st
M-N
M-S
J-J
Q-J
48.1940
Gouv& Oswelstgug6s 1942
Moh & Mai 1st gu g 4s. .1991
J June R gu 1st 4s.. .1986
Y<fc Pulstcongug4s 1993
f
N
N
!
00% J'ly M.C
91% 102
99% I'll %
103%
102 103%
99%J'i>«'').
liil% 102
102 May'05
Sale
122%
1931
1931
NK)
Maj '05
124
135
138% 139
114
108
121
'/24
Jan
1
Feb'u6
J'ne'O
J'ly'O
19
100
106% Nor '00
1961
1952
97%.
Bat C & Stur 1st gu g 3s. 9M9
N Y & Harlem g 8%8...2000
2000
Registered
N Y & North 1st g 5s.. .1927
74
124
119
106
124
120
106
96% Mar'04
,
115%.
105% Mar'05
105% 105%
119% Mar'05
118% nav
113% Jan '02
118
Oswe<fc
118
107
Utica& Blk Rivgug4s.l922
St L 1st g 48.1937
103
io7
107% Feb '05
104% 105% 105% J'ly'O
.
.
104
101
126%.
131% Apr'03
119%
U7%119%
I07%107%
106
104
:
1937
See Erie
124
.
101%
RW&Oconlstext58./tl922
R 2d gu g5s...el9I5
R\V<feOTRl8t gu g 68.1918
124
'o
109% Apr '04
119
106
1940
1940
lstg 3%s
Sale
1
Mar'04
98%
'
126
115
95
Feb '05
Nor'04
95
95
96
105
''.
119
93% 96%
94
93
98
93
9."'% 100
126% 129
122 126
96% 99
1
4
1
4
'4
113% 115%
95
95
Sale
"""
J-J
lao^ias", 120% J'ly '05
116 J'ne'05
116
A-0
116
J-J
J-J
J-J
117%
113%
U2>a
J.J
104
A-O
82
119
4
77%
Gt Nor
82
mo%
79% -83%
A-0 115%.
98^
98%
98*4
99
J-J
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
IOII4 Sale
91ia 92
88 14
"O'l'ia
*88i4
V
A-O
89*4
.
J-J
100 34
90
.
J'ne'05
100%
100% 102%
90% 93
101%
91 34
92
90% J'ly '05
90% J'ne'06
77
77%
76
77
J'ly '05
90
102
Mar'04
15
95
Apr '02
89
J-D
M-S 100
F-A 103 >8
A-O 105 106
107%
105
106
J'ly '00
Oct '02
Mar'05
103
107
76% 78
.
101%
....
77
101
125%126%
J'ly '99
J'ly '03
92% Apt
111
"2
99%
74
109 J'neOo
100%Apr'Oi
.
107 34 ln9
99% 101
9j% 92%
116%
'05
116% J'ne'05
115
118% Feb '05
Ul%J'ly'05
118% 118%
111% 113%
112
104%....
102%104
RR
Apr'05
Apr'02
103
102
108%
934,
*
99%100%
100% J'ly '05
111%114% 112% J'ly '05
106
94
98%
98
121% 120
114%.
115%.
98%.
99
108%111%
109
Jan *05
Nor'98
106
106
J'ly '05
94
97
94
98%
117% 120
J'ly'i'5
J'ne'06
Jan '04
Nov'00
98% Apr '04
96
102
.
,
114%
J'ne'O
13
113% Sale 113% 113%
111%
112% J'ne'05
103%
103 J'ne'05
113 114%
112% 113%
112%113
1
,
94%
104
104
110
93
119
107
Apr '04
106
Ang'03
Feb "05
lll%Sep'04
110
101%
103
May'05
127% Oct '02
121 Mar'04
93
119
105
1st real est
116%
103%Aug'03
114
1912
A1912
g4s.l923
1919
Consol gold 6s
1943
Consol gold 4s
1915
Convertible g 3 %s
1912
Convertible g 3%s
Alleg Val gen gu g 4s. ..1942
CI & Mar 1st gu g 4%s..l935
D R R R & Bge 1st gu 4s g.'36
GrRcfe I ex 1st gug 4 %s 1941
.
12%
93% 102
Series
Series
Penn
104% 100%
103% 105%
99% J'ly '05
132
103
100
&
2d7s
3d 7s
90
105% 107%
94% 97%
109%109%
125% Apr '05
114%
D 4s guar
1945
E 3% guar g 1949
Pitts Ft W & C 1st 7s.. .1912
.
90%
89% 91%
89
"97""ibo%
Sale
.
PCC<fcStLgu4%sA...1940
Series B guar
1942
Series C guar
1942
99
105% J'ly '05
106%.
107
98% 100%
101%
90
.
98 \
100
98% J'ly '05
95%
96
106'*.
1
104%
103
12
99 34 J*ne'04
106
Sale
92%.
113%
Sink fund subsidy g6s..l910
1st g 4 %s. 1921
Registered
1921
Guar 3 %s coll trust reg.1937
Guar 3 %s coll tr ser B...1941
Tr Co certif's gu g 3%b.1916
C St L <fe P 1st con g 6s. 1932
Registered
1932
CI & P gen gu g 4 %s ser A. '42
Series B
1942
Series C 3%s
1948
Series D3%s
1950
Erie& Pitts gu g 3 %s B. 1940
Series C
1940
N& C Bdge gen gug 4 %s 1945
105%105%
82
111% 111%
133% 133%
132% 132%
'05
J'ly '05
125%.
117%.
113%.
108%
6s. ...1923
NYC
W
J'ly '04
Jan
102% 102
99% 100 3,
W
121
-v
104% J'ne'05
hio River RR 1st g 58.1936
General gold 5s
1937
Cal See So Pac Co
Ore
Nav see Un Pac
Ore RR
Ore Short Line See Un Pac
Oswego & Rome See
O C F <fe St P See C <fc N
Oz'rk& Cher C 1st gu 5s g.1913
Coast Co 1st g 5s
1946
Pac of
Missouri See Mo Pac
ac
Panama 1st s fund g4%s..l917
117% 117%
105%May'06
83
106%
103% 103%
lo9-jFeb'05
:
106
Xor Wis See C St P M & O
Xor & Mont See N Y Cent
See C C C & St L
Olud &
120% 123
114% 117
120% J'ly '06
117% Mar'05
113
21 103
102
96
Regiatered certific's..l923
St Paul & Dul 1st 6s.. ..1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Xor Ry Cal See So Pac
&
132% May'05
132% Dec '04
106
102
WW
See
133
132>4
"95%
CC&
C B & Q coll tr 4s
St P & N P gen g
131%
13u%
102%
1996
Div'l 1st i& gen g 4s... 1944
Pocah C &
joint 4s. .1941
T 1st gu g os
1922
Scio V <fe N E 1st gu g 4s 1989
North Illinois See Chi & N
North Ohio See L Erie &
Xor Pac— Prior lien g 4s.. 1997
Registered
1997
General lien gold 3s
a2047
Registered
o2047
St Paul-Dul Div g 4s.. ..1996
Registered
1996
98%
116
J'ne'05
101
110%
116% 118%
96%May'05
99
107
103
114% Apr '05
117
91ia
114
104% 110
116%
125% J'ne'05
94% 96%
121% 125%
106% 110%
96
122-4
96!2
104%
% Jan '05
lll%Feb'0o
110
Registered
92
103 34 107
Mar'06
105
miji
103
<fe
104% 108%
106
109%
107% 107%
104% 108%
18 34 J'ne'05
116%
-.104% 104
Penn Co— Guar
gug 4s.. .1981 J-D
Clearf Bit Coal 1st s
Low High
107% 110
107
109%
122
X Y& Greenw Lake
N Y Har See N Y C & Hud
N Y Lack & W See D L & W
N Y L E & W See Erie
SY& Long Br See Cent of N J
N Y & N E See N Y N H & H
New York New Hav Hart—
Housatonlc R con g 5s.. 1937
137 137
N H & Derby con g 5s.. 1918
108% 111%
N Y & North See N Y U & H
120% 122
113 % 11314 X YO& Wref lstg 4s.. ffl992
Regis §5,000 only
arl992
114% 117%
95% 98% X Y & Put SeeH Y C & H
96% 98 4 X Y & R B See Long Island
X Y S & W See Erie
M See So Pac Co
99 102% X Y Tex
Xor& South lstg58
1941
Norf & West gen g6s
1931
Improvem't & ext g 6s.. 1934
100% 104%
New River 1st g 6s
S4'i 88 %
1932
N & W Ry 1st con g 4s. 1996
L03 34 108
111
i09 34 Oct 'o;;
93 34 Sale
9414
98%
95
957,
96%
96
102
112
lll%Mar'04
93 % Apr '05
921s
99%
97^ 99
J-J
Rivg3%s.l997 J-J
Registered
L& S
7%
102
105
1
Mai,
i>
B Vl8tg6s 1918
lstg3%s
See Southern
SeeNYC&H
Monongahela Riv See B & O
Mont Cent See St P M & M
Morgan's La & T See S P Co
Morris & Essex See Del L & W
X; ash Chat & St JL 1st 78.1913
Mohawk &
V'o
109 J'ly '05
107 3<
108%
99
94% 98% N Y Chic &
87
108% J'ly '05
104«8
105
A-0
A-0
1931 J-J
88
.
96
F-A
J-J
M-S
101%
105 34 105% 105 3
92
92
J
107 4
105 % Dec '04
95
96 3 h
96 "s Sale
112VU8% 114 3 J'ne'05
107 Sale K,'6 4 107
lu7
107% 10-i
106 s
07 % Feb '05
105
106 J'ne'05
104 34 J'ly '05
10434
109=8
F-A
Montgom Div 1st g 5s. .1947 F-A
St L & Cairo coll g 4s..el93() Q-F
:
87%
20
121% Sale 121% 121%
107 »» 108 107% J'ly '05
'
M&
101'a
>a
101%
Nor'01
1
(
I
High
1
l
-
:i
1
1920
1945
40-year gold loan 4s
Cent Br Ry 1st gu g 48.1919
Eeroy&C V A Llstg5s 1920
Pac R of Mo 1st ex g 48.1938
2d extended gold 6s.. .1938
Sgen con g 5sl931
St L Ir
Gen con stamp gtd g 5s 1 931
Unified & rel gold 4s.. 1929
Riv & G Div 1 st g 4s.. 1933
I Verdi V I & w'isiYob* 19213
Mob<& Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob J & K C 1st cons g 5s. 1953
Mob & Ohio new gold 6s. .1927
1st extension gold 6s.. A1927
1938
General gold 4s
101%
97
96 1
90 ^ 92
,
1st coll gold 5a
h>
Sale
87'8 Snle
M
!
97
061*
103
4s.. ..'2001
.
101
4
Apr '05
1
-
97> 8
101
L
13 l4 Mar'05
114'j J'ne'05
...
96 14 Sale
J-J
J-J
1st ext gold 6s
1
120
114V. —
A-0
St L Div 1st ret g
pal<fe Wa lstgu g 5s.. .1940 M-N
{
Kan C<fe Pac let g 4s.. .1990 F-A
Mo K & E 1st gu g 6s.. .1942 A-0
1942 M-N
K & Ok 1st gu 5s
MK&TofT 1st gu g 5s. 1942 M-S
Sher Sh & So 1st gu g 6s. 1943 J-D
:Ca'ex<fcOklalstgug5s...l!i4: M-S
1900 M-N
Missouri Pacific 3d 7s
920 M-N
let consol gold 6s
Trust gold 6s stamped. al917 M-S
ol917 M-S
Registered
'
137 J'ne'05
108 34 .I'ne'05
St
2d gold 4s
i-
HO'4
1
Minn eh
Since
January
<:
<fe
136»8 ...
108 'a...
11934 ...
J-D
J-D
A-O
J-D
1934 M-N
1st consol gold 5s
1st and refund gold 4s. .1949 M-S
Des M & Ft D 1st gu 4s... '35 J-J
1st gold 7s.. 1927
1909
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921
1st
7s.
1 9 1
West
Ex
South
g
Inn
or
<fc
bee Chic & N W
ULS&W
Mad See Chic & N W
U
Range
Ash Low
mo%
1st consol 68.1 909
Registered
May'00
105
J
73% 79
19
26%
11
17%
16
1934
McKecs<fe
Registered
4s
Registered
18 104
90% J'ly '01
M-S
1977 M-S
Stamped guaranteed
'ex North let gold 6s.. ..1910 J-D
lch Cent See N Y Cent
t:
13
2d guarttH
6s
99% "99%
77 8
22 14
»8Hj
1'
C'l
Mich Cent
1
99i4J'ne'05
104 Hj Sale
Heek's
Last Sale
108%
HH IhI 6B..1934
Pitts McK & Y 1st gu 6s. 1982
Mahon
110
<fe
LS4MS
ahon Coal See
anhattan Ryoonsol 48.1990 A-0
Registered
1990 A-O
Metropol Kl 1st g 6s.. ..1908 J-J
Man S
Coloniz g 6b.. ..1934 J-D
McK'pt& H V See N V Cent
Range
Price
Friday
July 21
Hid
1928
DetMou&Tol 1st 7b. 1906
KaAAG B 1st guc5s. 1988
«8%10U%
110
112iaMar'06
5 '< Mar'05
lio Mar'08
>
1
Debenture g 4b
96i2
96'a
116 Mar'05
116*8.
& Atl 1st gu g 6b.. 1921 F-A
5 & N Ala con ga g 6s. .1930 ir-A
1910 A-0
81nk fund gold 6s
6 Jell Bdge Co gug 4s. .1945 M-S
N A & Ch See C I L
ens
January
J'lie,'il2
118 Nor'99
lo0 34May'06
110 Feb '06
99 >u.
10918.
STOCK EXCHANGE
li
Week Ending July 21
N. Y.
Since
109
130> 4 132 J'ne'06
129
126'aFeb'05
114 Apr 'l 15
121 Hi Mar'05
76
1
ax
High. No
Ask Low
BONOS
Hange
Si
Last Sale
109 "a
J.J
MS
ender Bdeelstsf g88.1931 MS
entucky Cent gold 4B..1987 J.J
& N M M St g 4 "as 1945 MS
<ft
Week's
Range or
Bid
M-N
J-J
'ensacola Div gold 6». . . 1 920 M-8
1921
It L Div 1st gold 6b
1980 M-8
2d gold 3b
<fc
Price
fridav
July 21
Vol. lxiii
3
,
Sale
Sale
93%
107
101%
101%
101%101%
104
104'.
101% 107
Nov'97
102
110
103%
109%
106
103
Jan '05
110
110
111% J'ne'05
iii"i'ri%
96% J'ly '05
96% 98%
lUISCELl^ANEOUS BONDS—Continued on Next Page
Coal and Iron
Ool Fuel Co gen gold 6s.. .1919
F
Col & I Co gen s t g 5s. .1943
Convertible deb g 6s
1911
Trust Coctfs
©cl Induslstconv5sgn A.1934
1st conv 5s gu Series B.1934
ontin'talClstsf gu5sg.l952
„r Riv Coal & C 1st g 6s. .1919
•
Telegraph and Telephone
M-N
F-A
F-A
103%.
94
FA
75
F-A
F-A
73%
A-O
Sale
Sale
102
85
87% Apr'05
84
74%
75
61
68
73%
78% 108 66%
90
J'ly '05
107% Dec '04
102% J'ly '04
2d gold 5s
74%
M
100
109%111
110% 112%
103
86
6
Due
105
93%
i<"eb
92
109
.
Dec '04
109% 109%
105% J'ly '03
110% 111% 110% 110%
M-N 105 106 105% 105%
M-N 106%.... 110% Mar'05
Un
NorthwTelguf 4%sg..l934 J-J 100% .... 103 J'ly '04
108% 113
104% 107%
110% 110%
West Union col tr cur 5s. 1938
Fd and real est g 4%s...l950
Tel s fund 6s. ..1911
Mut
.Uannfacturing
«3k
....
Industrial
Am Tobacco 40-jt g 6s
4s
ii'6%
104%....
J-J
1915 Q-F
Am Cot Oil ext 4%s
Am Hide<fc L 1st 8f g 63. .1919 M-S
Amer Ice Secur deb g 6s.. 1925 A-0
Am Spirits Mfg 1st g 6s.. 1915 M-S
Am Thread 1st col tr 4s. ..1919 J-J
e
96%....
Oct '99
109% May'05
<fe
104% 107
93%
Tel coll tr 4s 1929 J-J
1st g 4s. .2397
ErieT& T col tr g s f 5s.. 1926 ti
90
1918 M-N
89 % MetT & T 1st s f g5s
76% X Y N J Tel gen g 5s. .1920 M-N
1926 J-D
Xan&HC& Cists tg.5s.1951
<fc
105% Comm Cable Co
JiClearC&Ilstg58.1926 J-D
107 May'97
102% Oct '03
J-J 102% 104% 104% J'ly '05
Pleas Val Coal 1st gs£8s. 1928 J-J
105 Oct '00
Venn Coal gen 5s
1951 J-J
96%.
98% J'ly '05
Tenn Div 1st g 6s
110 J'ne'05
ol917 A-0 109%.
Birm Div 1st consol 6s. .1917 J-J
113% 112% J'ne'05
Cab. C
102
Co 1st gu g 68.1922 J-D
Dec '03
F-A
De Bar C <fe 1 Co gu g 68.1910
104%
104% May'05
89
90
90
90
T Iron Coal & Co 1st g 58.1949 M-S
12
•No price Friday; latest bid and asked this week, a Due Jan
Jell
Am Telep
107% Oct '04
103% J'ly '05
1944 A-O
1951 F-A
Dae May jDueJ'ne A Due
J'ly
98% 99
98
98% Mav'06
98% 101
97%
98
26 96% 100%
79% 78%
79% 2s 77
79%
'4
Sale
98
90
89
98
J'ne'05
1
94
98
87% 90
115% 115% 68 110% 118%
115%
76% sale 76
76 H 145 71
77*
p Dae Not # Option sale.
Sale"
/
J
;
July
BONUS
109«»
1
l-LS.
1020
1939
1st consol gold 5s
Pt Huron DlV 1st g Ba. 1939
li
1st
48.1931
RUg
BagTuaA
Sw
.,
.
nil
1'.
us
i
llluh
l.oir
Sep
Si
,
Sale
113
114
L9S>al23S
J'n. ••.'.".
1
115'< 117
I.",
!
Pise Creek reg guar Us... 1932
Pitts Cin A St 1. see Penn Co
OleveA n>i .my BA
Puis Ft w A Cb &>m Penn Co
1922
Pitts June 1st gold 8s
Apr'04
.N,.r9.
137
Pitts V
See
Co gen g
1\leading
Begistered
4s
'02
l2U>sSale
:20's
1927
*114'-j
UiUi
102
Sale
1»>1
1
'ii
.
101
LCOSi
so
70
89
,
94
Si
Col
191<3
11
109
LOP
77
.1
J.u. '0
Etion
95 > J'ne'05
West
goi.i
Class C
lis
1906
1931
lUol
113
L A a F Bit cons g 4s..'90
Southw Div 1st g Kb.. 1947
mi v
111
St
89
1951
5-year golil notes 4 'a.. 190b
K C It S A &1 eou e Os.
K C Ft 8 A M By r.f g 4s 1 930
K A M ii A B 1st gu os. 1 929
.st-<
Illinois Cent
fit Lotus So
LS W
1st g 4s
LmJ cti
sale
i22"i26'
89 Si Sale
luo
.-
Sdg4sinc uoudotfs...pl989
98 34
Sale
82
Sale
'
L982
1947
gugos
131
114
iiui'.,
i'u'6" ilia"
Refunding g 4s
Consol gold 4s
Gray's i't'ler 1st
-
(50S2
•112 Si
See X or Pacific
.Man 2d 6s... 1909
lol
ss!.,
J ne*05..
aU
Lee '04
VsO,
89*4
1
,
Paul
MA
109*4
138
1933
BeglstereU
1983
Beduceu to gold 4%s.. 1933
Begistered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1987
Registered
1937
E Minn 1st div 1st g 5s. .1908
Nor Div 1st gold 4s
194
Minn Union lstg 6s
1922
MontC lstgugtis
193i
Registered
193^
1st guar gold 5s
193
WiilASF 1st gold os. .193b
let coneol gold 6s
v;5
ggs.
I
li/is
B8S1
gU't.Nori'ac
A'« .Nor
May'02
111
llo Si
104 S3
Si
87
Si
80 Si 8i l
-j
117
Si,
121
,
110
,
108% 113
130
139
111
113 3
J'ly'05
,
UOSill'JV
103
J'ly'05
May'05
Jan '05
Dec '04
Feb '05
Jan '04
105
104%
ib'434
123
135
124
135
Lake C
1st
k Fres A Ph
6
s
t
A A A P bee So Pac Co
S i A H P 1st sink g 5s. 1919
Sav F A West See Atl Coast L
Scioto Vai A X K .See .Nor A W
Jan
J-J
1st ret
Begistered
Mortguar
.
HOS2.
HOJg
109
"9 4
gu g 4s 1949
Sale
1949
88>4 Sale
109
.
1st
100
123
g6s'3u
89%
104
Si.
eV
1
red 4s
1951
JIar'Oo
95
Peb'05
109
FA
109SiMar'u5
109
L09Hi
HI
110
llo
J'ne'05
Jan
L936 J-J
92
l
8 Steel Cor[il0-U0 yi..
Registered
Apr,
el
tr
1
1
'03
96 009 95»a
8
May'05
101
91 Si "41 92 Si
94
May'05
94
91
95
102
98H)
102
97 !4
94
108% 111%
109 Hi Feb '05
102 '4
102% "40 100% 104
99 '4 Mar*03 '
s8' 4 20 h7Si 90
88
108S,110 7e
Mar'05
1
income 5s
West No Car
L8H1 115
iT6»»
ii''i 34
'95H>ib'6sj
UK
5s g..
2
1
LI. I. AN
Mai '05
121% J 'Jy '05
120* J ne'06
116
114
121% 125
123
127
Sj
116* 118
112%
96% 98
112
108
111
114
114
no
in
110
114
Dec '04
Jan '06
U4Hl
111'', l'ue'05
U4%117
00*
114SiJ'uo"06
97* .May'05
116 J'ly'05
114% 114%
117
100
Nov'
9i*
..
1 L
..
Sale
121%
90
96
'4
1
Si
Ul%112%
120*123%
122%
98* 101%
121
122%
93* 102
J'ue'05
111*111%
111% Apr '05
106 Ha Nov'04
1
.
112
1
6*
114% 116%
J'ne'O.i
111
May'04
112 Apr '06
90S: J'ne'O
92
91
S3
98
Sale
85
97
85 Hi
99 S
Hj
11 2
110% 112
95% 98%
sale
iVsia Sale
102%
126 H) Sale
1 i 7 M 118
90 4 Sale
Si
17
Si
96
103
127
117 Hi
96 14
112
Dec '03
1
1
107%
89% 91%
83
86%
98%
97
.
1
14Hi
110% 113
95
.,,111 'llo
105% 105%
105* J'ly'05
123% 180 Si
137* Apr'05
103
126
95
91
s5
J'ly'05
;i5'4
"'b
93
91
Si
110% J'ne'05
'4
loo'
97%
116%
97
116
J'ly'00
•
11 Hj Apr '05
L22HiJ'ue'06
99 Si J'ly'05
112SiJ'ly'04
..
90 'i 91
192
1929
190*
1920
1IG
114
95%
Hi
8
104* 108%
161
103% lo6%
112% 138%
110% 137%
10 102 104
127%
2 124
•J
117 'a 120
84 95% 98%
Apr'02
KK
108*
19.">.">
104%104%
104 2 J'ne'05
i
110' 2 112Hi 112
US 118*
90S;
60
Si
8s S
93
99
*105H)
1
88 Hi sale
38 Sale
Si
97
Si
1
109 Si
110 H.
5s... 1926
1st gold 5s.. 1928
Imp gold 6s.. .1980
Ill
113
Si
1st consol 4s
1949
20-year equip s f 5s ... 1922
A La*i .Sfc Erie
Uii a Sioux f See st p
AM
35
21
lsl
gen 43.1949 J-J
94
87* 94
119%
96* 98%
118
HI
Muv'ii:
114
04
J'ne'05
113
102
Jan
41
U<%
,114%
114*
95%
102
102
'05
94'
94
Sale
112
'4
92
91
M
Wis Cent 5u-yr
95%
45%
88
11 4
11 1
93*
111
95
114* Mar'05
114% Mi.v'05
Si
88%
98%
86
19 Hi J'ne'05
112
90
66% 84%
103
92
02
109* 112
98 H, J'ne'o.'.
40 Mar'ol
98 Hi
27
lstg
88%
112%
102
Apr'05
May'05
Nov'04
86 Apr'05
97 May'05
09 Si Mar'03
b8
89 Si
3d
39 Si
88
88
116
15
J'ne'05
92
112
97
109
*
Feb'05
72'.
U»%
110
107
90
'4
109*
72
103
92 Hi
107%112%
J'ly'i'5
118
90
99
73
I'i
102
See South By
P 1st g 68.. 1911
Wilki-s
Hi
118
10J*109* 109*
90% 96
KOI > MONDS-Conoliiilcil.
1
78
110
91
79H,
%
103%
110
92
82%
6*4
110
5 108
00
%
91
104
104
J'ly'05
103
"ii"'
LOO* '
48 J'ne'05
IS
ins
78
7!
104
',1%
6
MN
llo
loo
U4%lialo
10'J
'
mi"
Friday, latest bid and asked. •
85
08
51
4
110
91%
9
ioa"
Newp
.\e
1
<»-
4 2
'-J
-;
'
J'ly'05
1
no
1
2
Hj
.Joseph stk i'da
67
"80"
'76
108
J'ly'O.,
J'ly'o.',
95%
-1
1
'-.
80
:
.
c
^
Salt
J
v
J
——
1
;
—
Duo Max UDusApr ZvDuuJ'ly Kliuu
.
,
;
,
.,,
,,
I
el, 11.
97%
97
100
.Mai
112
J'ly 04
100
Ofi
<*
'
i'li
LTerCupplesStat'n* L'roii
1st g 4%8 5-20 year.. 191 7 JIi
s Vuba Wat .0 con g lis
J-J
Su \'al Wat Woi
1901, US
8 Bed A Bel
19:11
Si
1
Uay'Ut
.-,1/
MS
1
Co
1*
Due Jan ODuoKeD
.
ship a 11 D5sdl990 J J
N V Dock 50 y 1st
K-A
Provident Loan Soo4%s.l921
1
J'ly'i'.'
J'ly
FerryCo 1st cons g
F-A
roA St Yard OOlg 08.1916 J-J
Del M a M hi gr inoomea.. mi
A O
lloboken la
gold 58. ..1910 M-N
.lad Sq Garden Lal g 5a. .1919 M-N
Mai, Ben ii a Lgen » 48. .1940 M-N
I'.'ki'n
i
B6
Jly
105%
l
1
98
s7
89
68*
J-J
191- VI. 8
99% 100% 302 99%1'O'h Adams Ex col tr g4s
A m Dk A in p 5s See Ce u N J
71
81%
81%
AmSSCOOi SV Vag 5S....1920 M.N
85* in '01
Sale
.
1
119% 122%
W
ALE
ExtenA
120-a
Feb '02
rfl94
W VaCeutA
Wheci'g
110%Uii%
S,
Si
.
Wheel Div
L07Hi 110
LOS Hi 107'4
79
6s... 19;
US I'.ealtyA I conv deb g5e
in
Sale
Sale
106%
-1
Incoo-e goiil 5b
1941;
V S Leath Co b tdeb *0b..1913
I
109 H
May'05
May'05
16
L23
93
A Southw't 1st gu 5s. 2003
\\/ abash 1st gold 5s
1939
'»
2d gold 5s
1939
Debenture series A
1939
Series B
1939
1st lien equip s Id g 5s. .1921
1st lien 50 yr g term 4s. 1954
Det A Ch Ext 1st g5s..l9 11
Des Moin Div 1st g 4s. .1939
Om Div 1st g 3SaS
1941
Tol AChDiv lstg 4s... 1941
St Chas Bridge 1st g 6s.l9os
Wab Pitts Term let g 48.1954
2d gold 4s
1954
Warren See Del Lac A West
Wash Cent See Nor Pac
Wash O A \V See Southern
West -Maryland 1st g4s... 1952
West N YA Fa lstg 5s. .1937
Gen gold 3-4s
1943
1
79% Sale
rump 10 yr conv. 6a '13 J-J
Knick. •: Ice (Chic) 1st g5s.'2Lack vx s tee ) l8t „ 5, _
A
Nat starch Mfg Co 1st g On 1920 rvi-.\
-•
Nat
I deb 5a.. 1925 J-
V* C.ir bi
—n
•Wo price
Sale
109% 110
Int si
V
S.
mo%
117% 118
J'ne'05
llii
1
cCorconv lsl g 5s. '27 A-O
Co 1st con g 68.1918 F-A
BUD Hope A T lstg
98%
109
101
118*
97 Si
Si
95% H8%
120
114
'97
1955
Mo P
See South Kv
Mid
irginia
08
98 Mar'OC
90 Si Dec '01
1
114
1947
1911
1911
C Co See Pa
96%
US
.I'lli'O.".
I27S. Peu'02
.
100
81
lot Pai.er
Con-, conrsfgSa
BB A
8
1
101
8*
'
ll. -1 -I'lhiui-iiiiH
A-0
tobacco 60-ytg 4a.l951 F-A
Distil si
104',
7 10'J
112
110
Si
1
118 Hi
iV3%
Ore By A Nav con g 4s.l94ii
Ore Short Line Istg6s..l9
1st consol g 5s
194G
udiiMirinl
r.eather 20-year g 5a 1925
Oonet
92
4
Si
.HIM
Mnnulucluring
84 3
:!
.
g 6a nit guar.. .1912
4s ml guar. .1921
gofil
Waco AM Wdiv
108
103
103 Sep '04
115
Feb '05
107SjJ'ne'06
107 '4 Feb '05
l03S.J'ly'04
112 i J'ne'05
113
Deo '04
luo J'ly'05
.
W
4
lu-.'t
S,
100 Si
107 Si.
105
103
110
-
•:
Si
100
102 U Sale
gold 3'sB..fcl9i!9
>
102
95 34 Sale
TClstg5sintgu..l937
:;
May'05
Jan '05
IIP4 May'03
.
105
Gal liar A S A lstgGs..l91u
2d gold 7s
19U
ilex A Pac 1st g 5s
1931
\'(i& N Istgug5s.l924
Mous E A
X 1st g 58.1933
uar 5» red
1933
HA
89
104
95
109
108
103 Si.
107Si.
W
Cent Pac
89 3s Sale
104 Sale
18'4
I
'-2
122
1935
Gunrrel'uud 4s
Begistered
Utah A is'or 1st 7s
Gold 5s
Fell "06
Mai '05
Us.,
Feb '04
110
100
118
ioo'si
[IstorADellstcongSs 1928
I
lstrefundg4s
1952
Un Pac KB A igr g 4s ...19-17
'
-tered
fcl949
lsl gugos.... 1941
ll
108
Hi
114'4
120-»
113' 4
1
Va
Seaboard Air Line g 4s ...19SU
Coll tr lufuud g5s
1911
Car Cent 1st con g 4s... 194
Pla Cen A fen 1st g Be. 191b
1st land gr ext g 5s ...193H
Consol gold Bs
1943
Ga A Ala By 1st con 5s o 1945
(ja Car A .No 1st gu g 5s 1929
Seab A Boa lsl 5s
1920
Slier Shr A So See M K A T
Si. fc u oca A U See Atl Coast L
Bod Bay A So 1st g 6s
1U24 J-J
Bo Car A Ua See Southi-ru
Bo Pac Co— BB 1st ref 4s. 1 955
Coil tr g 4^8
19U5
tioiu 4s (Cent Pac coll;./tl949
AA
109'g.
Hi
os
9.sSi
122%..
A >1 1st gu
I'ol St
A W pr lien g 3 Sis. 1925
50-year gold 4s
I960
Tor Ham A Butt 1st g 4s./il94ii
Vandalia consol g 4s
Begistered
\' er Val lnd A
See
'04
6
I
12
1
I
113'4
Utah Central 4«« Kio Gr Wes
L" tali A North
See Un Pacilic
U'tica A Black B See N Y Cent
110
1G>
9s%
N
1990
g 4s
PAW
1st gold 4s. ...1917
L
L'ni N' J
Pac
6s. ..1913 J-J
1st g 6s. ..1042 ..l-S
g
s
N
19;;;.
Begistered
1st lien convert 4s
Begistered
109%
109%
102% 102%
112
1,2%
108 % 108%
1 7 % 1 2 1 %
10S
I
I
'.'.'.'.'.
114Si
£
s
Kan
I'ol
llSSiUSS,
PA S'xCitv AeeCStPM AU
St
Bail
N
1953
5s. 1930
5s...
LTeb'04
114Hill5Hi 116% J'ne'05
112
112% Jan '05
Feb '05
98*a 98
10J no
108 St .Mayor
I
104
if,
Hi'.
103
'4
iii'1 iVrJ""
:
122*
123*
W
llOSj Apr'Ol
110 Si May'05
124
135
134 34
118
117
S
W
Western Div 1st g
General gold 5s
Mar'05
Deo '04
109 Hi Feu 06
02 Si J'ly'OB
'
100 May'Ol
104 \ Mar'05
Si.
134^
,
26
140
1U 34.
103
113
J'ne'05
N
See D L A
ot St L 1st g 4 His.. 1939
er
1st con gold 5s. ...1894-194 1
A
L09% 100%
102
1
90'*
LAN
See
A
liiut; A JN Y
1)
ms V J'ly'05
115
95?,
\V 1st oy gu 4s. .1921
C lsl con g 6s. .1914
Ala
u
><>•
1
119
.
118%Salo
192G
1986
1936
NO
92
si
^.'
'05
J'ne'ni"
4 Hi
1
1
.
ui"
S« Ko i'ac Co
rex A
lex A Pac 1st gold 5s
2000
2d gold inc. 5s
?2000
La inv B L 1st e 5s
1931
-Mm NY A N NV 1st gu 5s '30
loi A O C 1st g 5s
1935
B6H?101H
li
1(>2
L956
193s
1922
..1925
1915
1927
E5s
Gen refund s t g48
St L M Bge Tergu g
12 Hi 116
99 34
10]
102
88*4 H
^l l4 J'LVOw s.
b2 2U0
113
>4
108%
1U%
1
61'j
138'j 139
it
:
Syra
104
I
lit,
stamped
'
DM%
91%
ms%
ss
100
Jan
fc
mi.;
113%.
127
L29S 132
BtPaulADul
fit
A N
1
96
l24SjJ'nei'05
S9S>
DM
102
101
Feu'05
May'05
1,4
May'05
ay'1'5
May'05
6s
88 Hi
A|.i 'OB
'4
1
balls
Xor lstg 6s. 1939
stat Lsl Ky 1st gu g4H(S..194S
8pok
.sei;
108
.
HIS
L09
'».
Low HigK
101
-s>,
B9
101
15
6s. .1930
General 5s
Goal stamped
93
-
102-\
102»a
IOG'4
mi
Kieh A .Meek 1st g4s...l948
So Car A Ga 1st g 5s. ...1919
Viruiuia Slid ser C Gs... 191 r
1921
Series i> 4-5s
WOA
M
A
Wabash
KCA
StLMBr Aii'TKKAolML
6t LA BJfran 2Ug6aCl B l'joo
General solo Gs
General gold Ba
A Dan con g
l>e b 5s
89
199U
N'
a Green? 1st 6s
Va A Ga Div g
I
'mi 1st gold 6s
K Ten reor lien g 5s
Ga Pac By 1st g'Gs
KuoxAOliio 1st g 6s.
See .Mob A Ouio
P
Iron .Mount See
St L
St 1.
St L
.
1
Series
93
nil'.
.
.,
since
Jntixiary X
Deo '04
Sip (II
Jan '01
i;;
1
88
05 \
1
ii
lliuh \„
129 Hi N'ov'lll
1
Mob A Ohio coll trg48..1938
101
1
May'04
101V|Nov'01
,
in.;
Range
l:<in<jr
22
106
.
.
Div 1st g 4Ht-6s... L996
1051
St Louis div 1st g 4s
LOO
hi:;',
1
2d gold Os
A Cairo
Mar'05
109
'4
116
100 Hi Sale
191s
L948
L948
1949
i
llioSi
101
1994
Ala Cen B 1st g Gs
Atl A Danvlsl g 4s
2d 4s
Atl A Yad 1st g guar 4s.
no
tie
DO
LUO
lo2
J.hi
Afk
Yss,'.
i
Mem
120 h
May'05
I
or
Last \alr
Hid
r.s
(
Pan Pus A li 6'eePereMarq
A e.i lal 1st g 4s.. .1H47
6t Law A- Aitiron lsl g 6b. 1996
fit
L20Je
L01
l'
Registered
E
1
80
i
J'l> "J.
lini
Rio cir June lsi g/Ug&S..
L940
Bi« rr So 1st gold 4s
194o
ax&uteed
Koch A Puts See B R4 P
Boii)-' Wat A Og
8* N V rent
194
Butlanit 1st con g 4%s
But-Canad lsl gu g4s... 949
-
9S
!
Sale
997
1
Jersey Cent coll g 4s. ..
Rensselaer a Sac See I) A li
See smith By
Bio;, A Dan
Rich A.Meek Set Southern
Bm (ir \\
'01
1».
li.i
1st coll 5k.
Isll
.V
Oct
112H
nasi iaa
1943
1st Bonsai gold 6s
Puts A West
120
109 Si.
Callst
ot
Ueek's
1
pin.-
Pitts* L Kne 2d a 5s...nl92s
Puts MoKees A V Sw N V Cen
Piti> Sli A L i: 1st g 5s... 1940
p
Price
Friday
Jul,, 91
->1
southern Pac Vo—(Continued
Morgan's La A T 1st 7s. 191s
1920
1st gold Om
NOOtCal 1st gll g (is.... 1907
Guaranteed gold 6a
1938
Ore A oil 1 st guar g 5s. 1927
s a.v a Paaa istgug is. L948
so P el Argil Lstg Oh...cl910
uar g lis
-
KK
7s. 1911
KNliIN.I Jl'I.V
I
get B.l9or
1st geseeriesC & D... L90l
B'.-.ISIS
series
LCA
lstgus
1st gold lis
1912
193*7
-hi guar g 5a
1905-.. 1937
.-lamped
S PaflOl X Mex 1st g lis.. 191
1905
TO! A N O 1st 7s
191 2
salune Div 1st g Gs
1848
Con gold 5a
1994
southern— 1st con g 5s
119 V
11'
111'
1 1
110
118
113
114
253
1
'04
121 SiJ'ne'116
STOCK F.Xl'HAX..
W'KKK
1
29 ioo\ 109»«
LSSSjJaji 'I):
103S 101 Jlv'rl
LOS
A.pr'02
193
urn
1'
W
lOH-'V
110
113»«....
2d gold4Sis
BA
Hioh No
4
BONUS
N. T.
loo Si...
1st g 6s.... 1921
5s 192
I-OIC
109
'
.
:
Range
Binm
January
tst;
or
Last Sale
Atk
Hid
W
PereMarn— ChA \V M
Flint AU gtis
Range
Fridau
July 22
KK—{Continued)
1st g 4s.. 194 3
PhtlaBal A
Sun A Lewi* let g 4s.. .1930
U N J RK A Can m-n 4a. 1944
Pensacola A Atl Sii LA Naali
C C 4 si L
Peo .t Hast ><•<
Poo * Pek Uu
Week's
Price
STOCK EXCHANOS
Week klnihng July 21
Pern
1
Bond Record— Concluded— Page
22 1905.]
K. T.
Phil
Phil
'
.
.
,
lL
)
yap nol
lrf"S
—
l»uo
Deo
U
un
ion
^
I
8*M
I
CHICAGO STOCK EXCHANGE— Stock
Record-Daily, Weekly and Yearly
BTOCKK—HIGHEST AND LOWEST SALE PR10E8
Monday
Saturday
15
Jv'.ii
JulAt
'
187
187
*
Wednesday
July I'J
Tuesday
July 18
7
Th/UA
ntiay
/•
July
Jul,/ -n
'
-
Mar'Ofl Chic City
5
5
18
75
73^4
»o
76%
75
42% 42
70
75
70V 78
'v
l
4
*21V
*21>a
•94 Hi
95
•28
1
.
•40
'...
'2334
»65
*H5
*23»4
*85
"21
95
*28
*23<4
25
07
45
V
-
m
*23 78
25
Last Sate
6j
*2iv as
Last Salt
f>4
95
-28
*94V 90
*28
95
70 U
ffig
J'ne'05
Last S "
J'ly'OS
Last S a
43V
'42V 43 84 •UV
Last Sal'. 86 V J'ly'05
45
•
25
J 'ne' 05
v
60
22 Hi 22V?
95
.
28
67
78V
78V
7734
4
*4JV 43 V
43 V 43 V
;'
*2334
*65
24
67
x2Bh 28
Lowest
lor Previous
Year (1904)
Jan
5
10
4
1! n
100
Chicago Subway
100 19,037
Chic Union Tract
100
Do prel
100
Kans city By & Li ..100
i>j
Do prel
100
30
Metropol
s Kiev.. loo
Do pre!
100
200
North Cine Street.. ..100
Northwestern Kiev., loo
10
16
J'ly
J'ly
5
6
Feb
199
Highest
Lot' est
J/ir/hest
180
Do
"18
•is
IK
18
1
*63
Ranqe
Year
lor
1005
1
Mar 190
Aug
23
Sep
Sep
Nov
Nov
4
Feb
165
<
!
24
Range
Week
Hhari
100
loo
Chic Consol Trac
'inc Paas By
cine & Oak Park
187
18
Sales
01 the
Railroad*
By
Last .Sale 190
187
STOCKS
CHICAGO STOCK
EXCHANGE!
56
V
2
V
4
56 V
23
98%
88
40
40
W
Do
J'ne'06
•95
•28
*98
'40
89
100
prel
1O0
prel
Kli-v
300
South Side
100
Streets WStablo
D 100
Do pre!
100
West Chic street.. ..100
99
45
5(1
64
1
53
.Mai 3
'-.J'nCJJ
7 34 Jan
24 Jan 31
78 ** J'ly 21
13
Feb
Feb
'6
Aprl» 51
30
3o
.Tan
8
82*9 Jan
1
20 Jan 18
59 V Jan 10
50 V J'lv 21
21
May 23
3
2
27 V May
2SV Dec
I'vJ'ue 2
4
89 V-May 12
253,J'ne23
08 J'ne22
Feb 2
V Jau 10
00 Jan 5
89
2
1
60 Mar27
90 >g May 17 97>4.Mar20
28 Feb 24 29 l4Jan 4
97 F'eb 3 103'4 Mar21
40 J'nel2 72 Feb 3
Nov
Mai
80 '4
15
41
05
15
44
90
28
Mar
Mai
Jan
Apr
Mar
Jan
*2VApr
Apr
38
8
27
15 Nov
45 Nov
31 Bee
85 Nov
26 Sep
08 Oct
*H 8( ].
26 84 Nov
07 V Not
98 V Not
34 Oct
103 J'ne
56 V Sep
Miscellaneous
1
1
i
4
1
1
J
11
w
08
68
11»4
11
•-3%
*83V
55
6
•11V li34
f
'129
*129
Lasts a
I
Last S a
I
•5
54V 50
65
V
•11
OS
*83%
*83%
129
•129 130
54 78 54%
V
H
11»4
11-V
e Sa 34
J3SV
6
1
100
Allis-Chalmers
Do pref
11 s* American Can
68
Do pref
J'ne'05 Amer Radiator
J'ly'05
Do pref
1,820
HVFeb 8 14'«.Apr25
3 V Jan 12 V Deo
300 60 Jan 25 73 V Apr 2." 31 34 Jan 04 4 Deo
100
100
70 Jan 24 *'J J'nel2 40 Mai 79 V Deo
100
Feb 21 130 Mar20 115 l4 Jan 123 V Sep
125
100 1,300 38 Jan lo 57 Mar30 19 J'ne 40 V Deo
100
98 V Jan 17 105VMar27 82 Ang 94 4 Oct
'
r!
i
Amer Shlpbldg
54
1
100
loo
Last 8 a • 104^ J'ly'05
Do pref
May'04 AmerTcfc S Bank.. ..100
Last fi a e 19S
Apr '05 Booth(A)<fe Co
loo
Last Sale 40
J'ly '05
Last Sa le lUil
100
Do pref
1
183
33
Mar 198
2 1003 4
Mar 110
'
»
40
*
Ill)
40
•105
"63
54
•53
40
110
64
'
'105
*53
111)
54
40
110
54
•
•105
"63
..
•10
*10
*34
ICO
100
135
101
140
*
1393,1
10O
4 ..
160
*
135
'
103 V i03V
140 J 10
58% 59
104
1
155
160 160
43 V 4 4
*
135
100
135
I04
l39%139%
69V 69
Hi
......
Feb '05 Chicago Auditorium
-13V
135
104
H'4
104
13934 139%
59 V 69 V
140
59
<i
"159
160
44 V
43V
*
135
104
104
llo
139%
60
59 V
Last S a
13
Last Sali ?VV
Last Sale 17
Last Sali 9
Last Sale 46
Last Sale !
Last Sale iO
I
......
ou v 0)
115 llOi.,
04
04
*117 120
00
112
03
60%
114
03
118
•
58 V 00
11134 112 V
64 V 04 V
'117 120
57% 58V
54
113
112»4 113
04 V 04 14
117 120
"03
58 V
114
04 V
43V
135
104
140
59
Chic
Chic
chic
Chic
Edison
107V 107 V
88
90
10734 108 34
v
88
88
88
97
Title
10 V 10»4
35
34
1„
lire '0
*03
113V
Bo pref
64
National Carbon
34
34
•87
97
i6>%
1 34
*1V
10 V
•33
BONDS
Amer Biscuit Os
1910 F-A
Amer Strawboard 1st Os.. 1911 J5s.
1912 J -J
Cass Ave & F G(St L)
Clue Boaro of Trade 4s ...1927 J-D
J -J
Chic Consol Br & MitOs
1939 J-D
Chic onsol Ti ac 4 Vs
1913 J-J
Chic Edison debent Os
(
M920 A-0
1st gold 5s
Clue Auditorium 1st 5s. ..1929
Chic Dock Co lst48
1929
Chic EquilGas Os
1905
Chic* Mil Klec Ky 5s ....1919
Chic Fiieum Tool 1st 5s .al921
Chic Hock 1 & Pac HH 4s.20O
Collat Trust g 5s
1913
Commonwealth Elect os.61943
Illinois Tunnel 5s
1928
F-A
A-O
Kans
iVI-N
City
By & Bt Co
5s.
1
9
1
M-N
M-S
M-S
J-D
W
19
1938
Extension g 4s
1938
North Chic St 1st 5s
1900
1st 5s
1909
Befundinsr a 4 Vs
1931
No Chic City StHy 4 Vs. 1927
NorthWest'n El 1st 4s. ..1911
Ogden Gas 5s
1945
Pearsons-Tart 5s
1910
4-408 B B B
1920
1st 4s
Week's
Range
Range or
Since
Gas
Unit'd
100 34 Nov'04
97V""Ii;
98
V
100
94 s8 Sale
F-A
Bankers National
Calumet National
Chicago City
...
Chicago National
Chicago Savings
Commercial National.
Continental National..
'00k Co State Savings
Corn Exchange Nat..
Drexel State
Drovers Dep National
First National
1
En^lewood
Foreman Bros B'k'g Co
Fort Dearborn Nat
"9T"ioo"
"80*
68
80
100 V 108*4
95 V 98 V
100's Feb'05
100% 100%
98
98
99 'i J'ly "05
16 May'05
94 5a
94 7
97
98 43
97 l4 100
16
10
94 '4 96 V
,
J.
A-O
73
Nov'04
Apr '04
loos 100% J'ly 'ir
95H 95 Si J'ne'05
t
87% J'ly '05
80
97
96
J'ne'05
95
94
90
J'ne'05
May'06
90V
100
99
1
4
"
94 V sale
M-S
94 V
94 V
M-N t89
90 V J'ly '05
9J
J-D 100
90 V J'ne'05
M-S
99V
99 34 J'ne'05
4 40s Series C
F-A 99V
4-OOs Series E
M-N
100 Apr'05
M-N 100V...
4-80s Series V
100% J'ne'05
123 >4 J'uo'05
People's Gas B<fe C 1st Os. 1943 A-O 4T23'4-M-S
106 J'ne'05
I08I4 12
Chic Gas Bt<fcC 1st 5s.. 193 J-J 107 V
108
Consumers' Gas 1st 5s.. 1930 J-D
107 107 Mav'05
South Side Elev 4 SjS
1924 J-J 103 103 =„ 103% J'ly '05
Swift & Co lstg5s
1914 J-J 102 34
103 J'ne'05
Union El (Loop) 5s
1945 A-O 100 4 Sale 100>4 Kl6'4
Union Pacific conv 4s
114 Nov'04
1911 M-N
U S Brewing 5s
1910 M-S
81 J'ly '04
U S Steel Corp 2d 5s
cl903 M-N
88 Nov'04
West Chic St 1st 5s
94
94 J'ne'05
1928 M-N
00 J'ne'05
Tunnel 1st 5s
1909 F-A
Debent Os
1914 J-D
90 Feb'05
Consol g 5s
1930 M-N
79 V
SO
15
90 J'ly '05
"West Div City Ry 4 Vs..193j J-J
92
West'rn Stone Co 5-20 5s. 1909 A-0
100 Jan '04
Note.— Accrued interest mus t be idded to al! Chicago bo nd"
-
1
..
Hamilton National
Hibernian B'k'g Ass'n
Home Savings
Manufacturers Bank..
Milwaukee Ave State.
Nat Bank of Republic.
National Live Stock...
North Side State Sav..
Oakland National
Peoples Trust & Sav ..
Prairie National
Hrairie State...
t'.'.'.'.'.l
.M-N
332 106
366 46
12
II
Feb 20
May
Jan 30
26 653,, j^j, r 3
10 120 V Marie
26 eTHjJ'iie'.'l
5 120 j'neli)
Apr2o
534
Feb 25 114
Jan 25 92
b6VJan
4
98
IV Feb 20
Feb
Aug
Jan
10'siNov
1^4
Not
8 Feb
140 May 173 V Nov
J'ly 36
Not
1 s
115 Mar 147 V Not
86 fell 10> Oct
12-jVFeb 142 V Not
lOVBec
2
1
Oct
Feb
Jan
7 VNov
9 Deo
42 Aug 51 Jan
1«4 Apr
2 l4 Jan
20 Nov 25 Sep
30 Jan 58 V Dec
Jan
50
17
J'ne
52
20
99 V Jan 110 VNov
25i4 .Mar 46VDec
95 Jan 120 Sep
MayiO
Apr
fc
Jau b
J'ly 10
J'ly 10
Feb llO^ Not
9o°8
7
8Apr 110 VNov
35 34 J'ne 47VJan
75 J'ne 87 Nov
i'9
7 L4 Oct
2VApr
a
3
9-8 J'ne28 14 V Apr 3
410
615 23 !Tebl5 38 V Apr 14
4 J'ly
7
J'ly
14
Sep
10 58 Deo
3»e
Not
2034 Jan
25 V Deo
90
93 14
88
99
99 V
99 V
100
123 '4
105 V
95
95 J
90 V
«,
Pullman Loan & Sav..
South Chicago savings
Bank of Chicago,
stock Yards Savings ..
State
99% Union Bank
9934
100
1003,
12334
107%
107^ 108%
106 V 107 V
102 84 104%
102 V 103 V
105 V 107
Union Slock Yds Stale
Amer Trust &
Savgs..
Central Trust Co of 111
Citizens' Tr & Sav Bk.
olouial Trust ifc Sav..
Brovers Trust & Sav..
Equitable Trust Co
Federal Trust & Sav..
1
First Trust
Illinois
Dividend Record
In
li>o:i
In Per
1904 iod
2,000,000 •151,005,062
100,000
31,007
200,000
108,801
13
8+5
1,000,000 1,423,345
15
12+3
fc 500,000
k 05,3 1
2,000,000 1.7o-2,l23 12
12
3,000,000 1,232,530
8
8
.3,1172
50,000
6
6
3,000.000 3,501.208
12
12
200,000
10,274
6
6
000,000
274, '-.92
8
8
8,000,000 6,113,755 1112
12
106.77i
100,000
10
6+4
500,000
627,237
Priv ate Ba
"00,000
251,014
6
1,
6
600,000
141,896
"8
1,000.000 1,049,404
"s
100,000
155,785 10
10
200,000
11,589
203,154 "0
250,000
*"o
2,000,000
952,010
6
G
1,000,000 1,302,900 15
12+3
0,034
50,000
6
50,000
49,530 "e"
6
13,510 New Bank
200,000
250,000
59,590 "*8
"1138
73,721
250,000
170,013
300,000
8
8
31,^75
200,000
5
607,524
1,000,000
6
250,000
104,615
200,000
23,601 Began Mayl,
200,000
19,029
New Bank
Last Paid
Q-J J'ly
Jan tan
J-J J'ly
Q-J J'ly
'05,
'05,
'05,
'05,
2
8
Q-J J'ly
Q-J J'ly
Q-J fly
Q-J J'ly
Q-J J'ly
Q-J r'ly
Q-J J'ly
Q-J J'ly
nk
Q-J J'ly
'05,
•05,
*05,
'05,
'05,
'05,
'05,
'05,
3
'05,
IV
J-J Ply
J-J fly
Q-F May
J-J J'ly
Q-J Jiy
Q-J J'ly
Q-J J'ly
J-J J'ly
4
3
2
IV
3
IV
2
3
2
'05, 4
'05, 5
'05, 1
'05, 3
IV
'05,
'05,
3
'05,
'05,
3
IV
i'lv
'05,
*>
Q-J J'ly
Q-J J'lv
Q-J J'ly
•05,
'Oo,
'05,
2
v)-.T
V
1
2
191
Q-J J'ly •05. 2
3,000,000 1,969,687
6
7
2,000,000
910,301
4
Q-J J'ly '05, 134
1
200,000
New b ank. ..
200.000
Q-J J'ly '05, IU
101,477
5
5
200,000
Q-J J'ly '05, IV
48,094
6
6
500,000
450,000
M-S Mar '05, 4
8
8
il
Mergi
ihAni
Sav. Bank
2,000,000
wi
Trus>1
1,000,000
098,075
4,000,000 5,949,191
16
12+4 Q-J J'ly '05, 3
250,000
50,075
200,000
14,244 Began Jan'3, 190
Q-J J'ly '05, 3
3,000,000 3,617,532
12
12
750,000
J-J J'ly '05, 3
257,748
6
6
8
fcl ,000,000 fcl,084.022
8
O-J J'ly '05, 2
F-A Aug •05, 3
417,336
6
500,000
6
1,000,000
67 7,970
"6 Q-J J'ly" •dsVi'i
1,000,000
187,170 *6
13,904 Began Mayl, 190 5.
200,001
<fc Savings
Trust & Sav..
Jackson Trust <fe Sav..
Kenwood Tr& Savings
Merchants' L'n&TrCo
94 100
60
M etropolitan Tr & Sav
00
Northern Trust Co Bk
80
90
75
90% Royal Trust Co
90
Union Trust Co
97
Western Trust & Sav.
Wood lawn Tr&Sav Bk
price s.
Also paid 12 V'o in Dee., 1903, m stock of First Print & Savings id in*,
dividend
1[ Includes special
* Bid and asked prices; no sales were made ou this day.
t No price Friday, latest price this week.
b Bue June. « Due ApriL
»• Capital and surplus to be increased.
a Due Deo. 31.
* Due July.
1
2
OutstandSurplus &
ing
IJrolits
Stock
First Nat
100
1
7
Jan 20
9958 Mayl8 11034
Box Bd & P ColOO
January 1
100V
Feb
J-J
J-J
-5°
Last Sale
73
79
80
46
Jan 30
5
L& C'kelOO
NAME
mm
Knickerb'cker Ice 1st 5s. 1928 A-0
Bake Street El 1st 5s
1928 J-J
Income 5s
Side Ei
Metr
trice
Friday
July -41
i73
10
May
Nov
Chicago Banks and Trust Oomnanies
Rid
High No. Low High
Ask Lou)
tl06 ...
100 v J'ly 'o
99 V...
99v
103I.J J'ly 'Oi
103 14 103 4
104 May'05
103 104
103 Apr '04
64 V Apr'05
55
62
66 V
101 V X'ne'05
103 V 104 V
104 14 J'ne'05
104 10434
98 Feb '04
97 V.
J-J
J-J
J-J
Oct
Jan
Feb
5
Janl8
52V Marl6
44VMar27
.
100
Bo pref
10 V
..100
35
Western Stone
t This is new stock.
Chicago Bond Record
CHICAGO STOCK KXCH'GK
Wkkk Kxdixg- JULV 21
7
Jan
Feb 6 33 J'ly 14
Feb 15 7334 Mar22
loo 10,349 5 1 Jan
100 3,014 11134 J'ly
100
345 41 Jan
110 Jan
100
..
100
St Louis Nat St'k Yds 100
109 V Swift <& Co
100
92 The Quaker Oats Co. 100
97
Bo pref
100
Un Stock Yds(SoOin)100
Bee '04 Union Baa & P Co ... 100
Bo pref
100
108
1%
11
63
2
Bo pref
May'05 Page Woven Wire Fence
101>-4
34
Jan
40
F"eb 02
J'ly 123*4
1
J'ne'05 People's
34
J'ue 2
1
J'ne?x
7
Jan 25 172
Not
Apr 15 52
Maris 120
;
Illinois
Last,Sale
*l'a
10 14 10
32 V 33
May
50 125 May 4 143 V Feb 17
309 95 Apr 6 lOoq* Mar 6
511 134 V Feb 1 142 <sA]irl6
419 55 J'ne'.'i 60 V May 25
& Trust. ..100
100
Brick t
100
Kans city Stock Yds. 100
'05
J'ly
Knickerbocker Ice... 100
Apr '05
100
Do pre!
-.
J'ly'OS
LastSaue
100
May'03
May'05 Mil& ChicBrew'g
Nov'04
Bo pref.
66 l4 National Biscuit
55
113
10S
92
99
6
75 153
12- 32
Diamond Match
1
Last Salt 118
Last Sale J
107
-88
*95
4
Pneumatic Tool. 100
Telephone
100
HuUmanCo
87
97
3
Jan 4
J'ne'01
'4
107% 107 V 407 ^ 107 V*
...
j'ue'oe Chic Brew' ft& Malt'g
J'ly'OS
t,<
"0
*6
*o
*133
* J
Cat <& Clue Canal & D100
central Trust Bank.. 100
54
Last Sale 10
Last Sa
1
Last Sal
"10
*10
*h
*53
54
54
3S Jan 4 40
105 Marl 7 100
50 54 J'ly 7 62
148 V Feb 23 150
10 Jan 5 10
&
of 30,'o declared
Aug.
10, 1904.
—
.
Jl
transaction.-, at THE NEW YOKE STOCK
DAILY. WtliKLV AM) YEARLY
EXCHANGE
oasM-N
liidiaiiitpolis Oas
1st g 5s 1952
50
Stocks
161.386
436.084
874,050
Monday
Tuesday
8S'2,01S
state
Bonds
Bunds
#15,120,100
4 1,0 3.400
97,417,600
33,701,500
496,976
889.284
Erldav
Railroad Ac
far value
Shorts
1
46.6 10,100
33.323.100
$076,600
#:'4:i.ooo
973,000
677,500
375.500
1.770.500
1,677,000
1.351.500
786,600
260,000
'
It
ttn rndinp
January
July 21
I
to
Kxchanue
1904
1900
a o. snares
fca
8,892,931
2. 108. OS' 5
i.v.
i
H It. and mis.
$9,600
420.500
16,906.6 '0
$8,300
9.789.UO0
8.367.50O
July 21
bonds
#16,336.600
»11.143.000
.-
147,182.995
$634,09835(1
MS
Con g
$46
2, 30,200
358.084,700
#301,287,800
DAILY TRANSACTIONS AT TUB BOSTON AMD PHILADELPHIA
5
99'
& Teloiiliono
90
123
115
A
VAN
^Northwestern Teleg. 60
Atlantic
25
Southern & Atlautic 25
tfc
93
130
Ga
80
84
47
120
53
90
95
165
125
170
128
80
85
101
105
Listed
Unlisted
Bond
Listed
share*
shares
sales
shares
w edneaday
Thursday
Friday
.
3,269
12,856
84,500
24,500
70,500
4,124
19,710
9.771
$12,800
63,300
54.90O
90, 600
75.300
124,600
$:30,500
32,222
54,330
#411,500
$33,000
8,000
19.016
26,969
36,805
131.258
52,940
i
1,931
NY&Q ElL&PowColOO
7,0
4,5.i7
Preferred
UuitedElectricof
48 1949
N
J
58
100
100
85
lat 6a
J-D
{73k
25
62
90
1st
1;5s
Outside Securities
A
Weekly Beviev
o'
Outside Market will be found on a preceding page.
street Railways
Ask
Bid
Street Railways
Bia
Louisv St5sl930..J<fcJ 8112 3
Lynn<fc Bos 1st 5s '24. J.
{110
New Orl Bys Co (w l) 100 29 >2
Preferred (w 1)
71
iOO
New 4^8 (wi)
$SS
North Chic street See C hicago
Pub Serv Corp of N J 100 115
'
HKW TORE CHI
BleeckSt&EulEstk 100
]
,
.
St
By
uiort 4s 1950 ..J -J
7 th Ave stk ..100
ifc
.i
33
95
240
104
36
98
245
107
1 3d mort 5s 1914 ...J -J
Con 5a 1943 See stock Exch list
B'way Soil 1st 5s gu 1924 {108 110
•JCenl'l Crosst'u stk. .100
1 1st
6s 1922 ...M-N
M
NA EU
340
iOO
L21
ai7
stk.loo 205
210
175
185
f"t'r<fc lotu st stk loo
OoUt 9th Ave 5s see Stock Excli Hat
flCeu 1'k
Ask
113 a<
112 S;
30
72
ctf3 2»
to 0?
N
4>-2
106
70
72
92
M-N
93
1st 5s 1922
N i'<& Hoboon 5s'46.J-D {109 110
Hob Fy 1st 5s 1946 Al-N {llOKi 112
X Y& X J 1st 5s 1946. J-J {106
X\' & So Blykn Ferry&St
101
Transp 1st 5s 1900M-N
40
60
loth & 23d Sts Ferry 100
1st mort 03 1919...J-D { 95
90
20
27
V Union Ferry stock .100
90
1st 5s 1920
98
M-N
v
A;
60
68
h
t
Chic Peo & St L pref.100
Deposited stock
Undeposited stock
Prior Hen g 4 Hjs'30M&S
Con mtg g 5s 1930. J&J
5\
3
5'-
3
106
91
109
94
17
19
25
28
•»
t
5
Fort Worth <fe Denver
City stamped
loo
Northern Securities.. 100
Stubs
Pitts Bess & L E
50
Preferred
50
seaboard Air Line
Coll tros 1907 op...M-S
SeaboardCo
See Bait
Va<fc Southwestern. .100
38
42
OlHi
106
61
1
t
B
H;
1
22
22
5
t
B
'«
4's
7
4
f
19
20
{95
87
12
36
90
91
26
28
34
37
80 Ha 81
105
109
^
1
20
30
2
4
200
2
24
110
100
BankingColoo
103
3
163
11%
Merc Marine. 100
Preferred
27%
1 00
79
Col tr deb 4Hal922op'07
24
International Salt
loo
04
1st g 5sl951
7
luternatiunal Silver, loo
40
Preferred
loo
1st 6s 1948
J-D {107
6 'h
Lauston Monotype
20
Lawyers M<m 111.s11r.loo 175
40
IlLeh <te Wiilcesb Coal. 51'
Lord <t Taylor..
100 1 09 Hi
Preferred
Loo 102'.,
HLorUlard (P) pref ...100 140
Mack a- Companies ..loo 41 4
Preferred
74 Hi
100
20
Madison So (harden. .100
70
2d 6s 1919
M-N
;n.,
llManhatt Beach Co. 100
2->4
Manhattan Transit
20 t
11
Mex Nat Construe, pf IOC
Hi
t
1
Hi
27
ll 3 !
lnt'n'1
Preferred
50
Mont<& Boston Cousol .5
Mortgage Bond Co. ..loo
Mosler Safe Co
100
loo
Nat Bank ol Cuba
'
>4
7
Hi
lu3
100
loo
Monongahela K Coal. .50
10
Income 5s 1930
h
IH,
t
M-N {102 '2
Oil
nternat'l
28
27^4
SO
27
69
10
47
108
15
1
l
Railroad
140
7
.
1]
90
list
118
perpet
09
70
Coll trust 5s goltl notes
1909 optional
-M--\
93
$97
27
North J erse-y St Ky loo
77ia
1st 4s 1948
M-N {77
Cons Trac o£
82
83
J...100
1st 5s 1933
J-iJ {108 >2 109 >2
New'k Pas Ky 5s'30J-J {113 HI
Bapiil I'ran St By.. 100 255
1st 5s 1921
A-O {109
Tr
3 Si
B& NY 1st 6s 19U.J-J
X Y & E R Ferry stk. 100
'
20
1
1910
1
103
10
100
00
IinplOO
Preferred
Hudson Kealty
Brooklyn Ferry stocklOO
39
Marvin 100
preferred
Houston
Ferry Companies
1
J,
l\i
1
Id
11 all-
Hoboken Land
1
Total
1022
11 u'-
2d preferred
"74"
80
10»«
62
'4
94
10
ll
1
Hern
I
2
23
Hot g is 52 op 12. ..J-J
Hall Signal Co
100
Havana Commercial, loo
Preferred
loo
Havana Tobacco Co.. 100
Preferred
LOO
1st g 5s June 1 '22. J-D
flecker Jones-Jew'l .Mill
'
sales
6
I
Chicago Edison Co See C hicago list
KingaCo El L&PCo loo 195 210
Narragan(Prov) El Co 50 loo 104
Bond
4,181
6,233
3,757
2,193
7,268
8,585
2.724
7.760
6.746
6,408
14.092
15.201
9,254
24,323
Monday
Unlisted
shares
71
7'«
1
Greene Gold-Silver.... 10
aokenaaokM nadowa 00
llac.kensack Water Co —
Philadelphia
Boston
67
t
.
1
Electric Coinpnnies
11)
1»4
Match Co. loo
Gold Hill Copper
Greene Con Copper... lo
Greene Consul Gold... 10
L25
16
ion Securities. lOo
Tenn Copper
<fe
06
101
.
>t
00
7
00
Preferred
Electric Vehicle
loo
100
Preferred
Electro- Pneii m' ic TranlO
Empire Steel
loo
Preferred
100
IIGeneral Chemical ..100
loo
II Preferred
EXCHANGES
Wttk tnduni
July 21
1HUO
11
1
os <) 1896
Hunaon rights
Elect 11c. Boat
loo
Prefei red
loo
KleolriC Lead Keiluc'ii..riO
97
{
'
'i
Dunn
Ye"
1
I'acitic
Preterreu
Del <fc
IIDiamonil
92
3
23
100
So Amer. lOo
''MiiiniT Un Tel (N ?). 25
Emp * Bay State Tel 100
Kriinklln
100
loo
Gold it Stock
•4 1-js. 1905
Hudson Kivei TelephlOO
N
J Teleph...ioo
Central
'
I
Cuban
73
{105
"Amer Tele? A Cable
'
Tolal bono*..
Elec 100
i
Douglas Copper
Natcfc in .ion
1-1)
6s 1926
>ta
(
'.".1
A-O {110
IndO
Tcleajr
1904
S31 0.900
108.633.650
515.212.9JO
97
30
I'ow
5s 1949
31 Joseph Gas 5s 1937.J-J
BOND*
Government bonds
&
Pat* Pas Oastt
$6,500
60,733,084
*.198,V12.000 $344,902,160 $13,077,630,475 $5,632,566, 125
#522,700
$393,800
$2,000
B.uik shares, par..
s toe
II
5s 1933
•
Stic i'ork Stoek
1005
60
103
110
86
112
'
at
40
As*
II lit
.
Cons By LtgABefng.lOO
Conaol Bobber Tire.. 100
Debenture 4»
Cuns Storage Battery LOu
irampa' sua En uwigion
hm
QCruolble a eel
ib'i"
91
Ni'wark Conaol Oas. .100
8-D {111
Con ir 5a 1948
Lai
sa its
105
110
No Hudaon L
""iou
$3,867,600 $2,709,000
2.108.095 $198,919,000
Total
Ig
'.
420..'.00
liiflimii'inl and Hlacel
lompreaaed air Oo. LOO
Conaolld Car Heating 101
uiu Ftrew'ka cum ,100
100
\ Preferred
'
LogAWabV lst6s'25.J-I) 24
Madisi n Has lis 1926. A-O }100
\.'«ark Gas 6s 1944. Q-J {136
$1,000
6.000
Is
35
97
}
Preferred
Latay*eOaalat 6a'24.M-N
S
Bonds
1,910,000
104
81
100
100
100
tins
i.'i'Uili-
I
.
25
CO
50
A-o
.-I
I
A-o
aokaon Oaa Co
5a g 1937
Kanaae City Gaa
i
•
Week tniiing
July 21
r.id
Indiana Hal .t in
lsl 6s 1908
Business at Stock Exclianges
ot
.
.
255
(lat Etocartrlea
Volume
M
I
TIIK UIIROXICLK.
22 1905.1
l.v
—
D
'4
ISO
115
L04
160
41 a4
74?e
25
90
13
3
13
• • •
.
•
25
22*4
t
71
74
\
ia
114 116
172 ^ 174
100
275 287 *a
115
33
37
t
Nat Enact Stamp ieeStk Exch list
Eighth Avenuest...l00
t 73
77
135
24
125
E-A
C
HobcfePatersonlOO
6s
1914
J
National
Surety
loo
scrip
40
42
110
4s g 1949
M-N {75 K, 16
100 101
jo
142d«fc GrSt E'y stk. .100
IINevv Central Coal
105
So J Gas El & Trac 100 125 127
70
Exch list
2d St M .v »t N AT.. 100
N Y Biscuit 6s 1911.
103
109
Oug5s 1953
}102
N YMtge<fe Security. 100 177 182
60
Jlat niort 6s 1910 .Ms
28 Hi
25
85
No Hud Co By 6s'14J-J {112
1]New York Dock
2d mcoiiie 6s 1915 J-J
100
205
07 Hi 69
5s 1928
J-J {110
^Preferred
loo
In terborougb. Kay Tr. loo
Ext 5s 1924
M-N {105
N Y Transportation... 20 t 8'4 8 Hi
LexAv A; l^iv E5s See St k Exc I1SI
Industrial and JHiscel
I '«
Pat City con 6s '31.J-D {124
Metrupol securities see Stk E x list
Nor AniLum'r<fc Pulp 100
3
Stk
E
list
{100
2
street
See
x
2d
By
6s.
...1914
opt
A-O
HOntario
Silver
loo
Metropol
Algoma Cop & Smelt .... *
2
58
55
So Side El (Chic) See C hicago list
Otis Elevator com
Ninth Aveuue stock, loo le5 192
Alliance Kealty
100
100 124 120
Syracuse Kap Tr 5s 1946 {107
109
Preferred
loo 105 108
Second Aveuue stockloo 205 JlO
Amer Bank Note Co. 50 70
75
3
3o.
lc.
105
Phoenix Mining
103
Trent P &
•fllst mort 58 1909 -M-N {102
5s 1943J-D {103
1 t
American Can com.. .100
11 h ll
K-A 4115 116
United Rysof StL—
Consol 5s 1948
Preferred
03
50 t 20 '4 ....•
OS's Pittsburg Brewing
100
47 Hi 48
29
30
Com vot ir ells
Preferred
178
100
American Chicle Co. .100 122 128
:. 50
JSixlh Avenue slock loo 170
80
81
Pittsburg Coal See Stock Exch list
IJPreferred
100
97
100
Sou Boulev 5s 1945. .J-J J 102 106
Preferred
100
lien
list
5
4s 1934
SeeStk Exch
So Eer 1st 5s 1919. ..A-O 5105 108
Am Ice Securities
See Stk E x Hal Pope Manufacturing. 100
77
74
UnitRysSanFran SeeStk Exch list
1st preferred
Third Avenue see Stock Exch list
100
Am Malting Os 1914.J-D lu2 103
21
39*8 40
preferred..
18
\V;uh Ky & El Co.... loo
Tarry \V P & M 5s 192» noo
108
2d
100
06
American Marble
100
00 4 9038
YkersSlKK 5s 1940A-O }106
Pratt & Whitn pref.. 100 100
Preferred
100
86
1st conv g 5s 1914 .M-S
'96
160
yi Si
91
28Ui & 29th Sts 1st 5s
4 112H< 114
4s 1951
J-D
1>9 Bealty Assoc Bklyu)100 155
1
American Nickel
lo
tjTwenty-Th'd St stk 100 398 415
45
Koyal BakPowd pref.100 107 Hj 109
40
100
Amer Press Assoc'n.100 97 105
Tl West Chicago St
03
100 101
Itussell <fc Erwiu
ol
Deb 5s 1906
J-J
1,Con g 5s 1936
M-N
2
4
25
Am Soda Foun com. .100
Salety Car Heat<fe Lt loo 266 275
Onion By 1st 5s 1942 E-A }110 112
68
63
1st preferred
100
'43
650
620
Singer Mfg Co
Westcheal 1st 5s
J -J {110
100
113
7
11
2d preferred
loo
25
Standard Coupler comloo
American Surety
50 190 200
Gaa Securities
Preferred
100 120
Am Tobacco (new) com.. 265 280
NEW YOHK
8
BROOKLYN
Standard Milling Co. 100
7
Prefd
See Stock Exch list
32
28
109
Prelerred
100
{107
Cent Union Gas 1st 5s.
4s and 6a
See Stk Exch list
79
Allan Ave 5s 1909. .A-0 $102
76
5s
1 03 ^ Con Gas (N Y)stk. See SI k Exc h list
Am Typefo'rs com. ..loo 35 40
Con 5s g 1931
Standard oil" of "n J ."ioo G17 620
A-o 113 114
Conv deb 6s ctfs 6feStk Exch list
Preferred
98 100
loo
Impt 5s See Stock Exc li list
Hi
Storage Power
Amer Writing Paper. 100
60
•Mutual Gas
4 l4
100 •^80 300
5
E5s 1933. .A-O 100 101 H, New Amsterdam Gas—
BBdc
29
Preferred
29 Hi Swift & Co See Boston St k Exc h'ge
lot)
Brooklyn City stock. ..lo 238 240
1st 5s 1910-1914
8si J4
86 \
5s 1919
J-J {102^4
1st cousol 5s 1948. .J-J »lll«s 113
j..i
"3
31
Con os See Slock Exch list
Tennessee Copper
Arizona Con Mining.. .50
N Y <fc East Kiver Gas—
26
29 "a 30
85
BklnCroastn 5s 190S.J-J 102
75
115
Kaldomero Mining
UTexa8«fc PacilicCoal 100
1st 5s 1944
J-J {113
2
5
110
Bkli HgtalstSs 1941 A-O 104
{105
112
1st
6s
A-O
{110
Barney
24
1908
Consol 5s 1945
J-J
105
& Sm Car ... 1 00 18
Bklnyco<fc sub See Stk Exci list
Title Ins Co of X Y..100 187 Hi 192
N Y <fc Kichmoml Gas. 100 85
Preferred
100 125 129
Bklyn Bap Iran see Stk Excu list
13Hi
13
Btthl'in Sieel Corp. ..100
(Nevada). 1
Tonapah
Nor Un 1st 58 1927. M-N {105 108
30 Hi 31
19
'jConey Is. <fc Bklyn ..luu cilo
17
Preferred
standard Gaa com ..loo 130 160
85
87 ^ Trenton Potteries com 100
100
96
Hi
17o
1st cons K 48 1948.. J -J
155
95
Preferred
CoB.tr.
103
new
100
99
Preferred
loo
g.s.f. 081914....
100
65
Brk C <fc N 5s 1939.J-J 113 115
bliss Company com
Trow Directory up w.. 100
M-N 10J 112
147
let 5a 1930
60 141
1%
GrSUfcNew lst5s'0o E-A 100
lo t
Union Copper
lHi
Preferred
4 5
50 130
90
Gr'pldtLoruiier si lot 6s 102
80
Union Typewr com.. loo
Bund db Mtg Guar
100 400 410
117
OTHER CITIES
loo 114
Kings Co. Elevated—
1st preferred
Borden's Cond Milk.. 100 152
165
117
loo 114
1*1 4s 194J see stock Exch Hat
2d preferred
Preferred
1 13 Hi
loo 112
Amer Light* Tract. 100 03 J 99 v
30 '3 30»4
Naaaau Elec pre!
0' t
100
British ol Copper
United Copper
7
100
75
Preferred
100 105 « 107
5
i
75
3
a
74
6a 1944
amilen
100
Laud
Preferred
A-O 110 113
50
Bay stai<- Ghu
io
3 t
ha
16
lo
200
let 4s 1951
100
Casualty Co of America.
140 146
{97
U S. Casualty
Bee si k Bx<
list Binghamton <>
viluloid Co
I,
H Wb'g & Elat 1st ex 4 h*» 101 .04
Brooklyn Union '.as deb
132
8 Cotton Duck...
loo 128
25
Stein way 1st 6s 1922 -J -J }119
in Fireworks com. 100
15
U s Envelope cum.
121
20
6a 1909 conv '07. ...Ms 170
92
90
.7
LOO
68
72
[erred
BnttaloClty OaaatocklOO
loo
H Preferred
3 '4
Central Foundry
Exch
ser 81
S»a U s steel lorporation—
100
lat 5l 19 17
OTHEK CITLE8
'11.
L18HI
|119
C11I lr -.I .-is'.il opl
19
Preferred
21
Sonaol Gaa of N J ...
100
8
}112
Buffalo Street Ky—
75
Deb 6a 1919 op '01 M N
Colti - 5a '•
J J
78
1st 5s 1936
130
—
Indem
lat consol 5s 1931. .F-A {112V 111
Gu&
al
stk
zlist
Silt
E
Leather
U
Consumers' L 11 & Pow
See
7
Deb Oe 1917
UntveiM.ii Fire Bxt'r.100
lent ury Bealty
A.0 «lo« lo7
J-D {110
100 168
5a 1988
% 1
'i
Chicago City Ky
10
Universal Tobaooo... LOO
Ineeebrough >i ig Co loo
ity Gaa.
See C
Detroit
6
2
i"
.To
3.5
Columbus (O) st By. .100 10. ,
101
Prefei red
nreatlng Co
108
Elizabeth Oaa i.i Co
r
A Bronx
Preferred
127
<iui
110
]uo
llu
it 11 udsinj i,a»10U
100 106
•
10*
175
Guar
Coium By con 5s See l'i.
1st pret erred
to
Title a Mm
102
Eort Wayne os 1926.. J -J
98
LOO
111
' ii\ pre'ei i«-ii
Croaal'wn lsl5s'33.J-D j 10S
Westlngh Air Brakt
oas& i.i Bergen Co.. loo 61
00 loo
7
•«
(w 1)..
.
Grand Bapida Ky
While
Knob
Colo
ludu.-ttrial.
Ex
list
See Btoc k
loo
Grand K.ipuls Oaa
61
2 '4
2'4
« 1)
Preferred
Colo) UoOkUoaUkl pf loo
Prafi in d
80
05
ol
l 6a 1915
F-A }10l
loo
loo
118
124
pref.
l'ii
Lake St (Chle) El
110
Wur thin
1st g 6» 1917
92
J-J i 85
100
See C hicano list
Hudaon Co <»iui
1 Buyer pay a accroed interest
fNew »lock. T| Sella on St-ook Exchange, but not a very active »ecurlty
Price per share. (Sale price, a Ex ngUU. xEx dir
Dry D K B
A b—
|1b1 gold 5a 1932. ..J-D
E-A
.up 5s 1914
'
•j
*
'
114
100
3-5
103
400
50
10?
80
204
116
02
100
1
MS
1-2
t
ll
H
7
.
.
1
>
(
1
1-2
\
t
W
t
\i
'
1
-,
Mm
1
1
'
1
t
1
1
li
1
I
1
1
i
1
•
'
i
1
1
I
>
1
1
I
.
1
i
<
1
1
k
1
Mm
•
1
ii"
I
1
'
1
-2
BOSTON STOCK EX OHMTCTC -Stock
."Miure
Saturday
July 15
fricea
— .>oi
Monday
7
July 1?
July 18
Centum Prices
I'er
ue.suay
Record,
Weiinexaa<i
July
l'J
'1
M'lltli>
87 4 87' 8 •86 4 86*.
1024 1021 103 1"3
86 7 *
80 34
»l(l2'g 102*4
•J .i.o
256
2 56
I57 a4 I'm
157*4 157*4
2S
157
25 u
241
*'24l
*178
'
1
307
*
:
"7(5"
*J70
*125
i
»
76
173
•--
,
125
1014102'
157 4 167
/, a S t •Salt
178 17!)
/, 11
S
a
1
I,
t
S
11.
•
>
Hair
•294 81
•B94
•74 4 75 %
..170
*75
lib
125
75
75
J,ast Sali
LasI S a
.in
70 4
17o
31
•
Last Halt
La. si •Salt
Last S a
146
85
•81
134
b4
•214 22 4
"ZOO ^01
i'78""
1294 139%
3
97
114
•
i>8
*98
<
24
r
2
i38^138
*137^1^9
ai
38 34 139
«3568 3b
104 104
1
354
*5%
13
*239
»
13
•12
241
-235
•14
16
•49
50
98
98
129 4130
97 9734
97>>4
-97
79
La si Sal
Last Hal
50
98
128 4
98 4
98
...
50
98
130*8
983;
98
11341134 1134.114
4
0%
34
24
92
•90
*6 34
7
29
139
,
28
139 4
139
38
104
3734
10334
244
241
'45""
"45" •1744
41-, 45
175
•
85 4 85 5
191 195
85 4 85 4
192 192
*14....
139 1394
*14
,
14.
139
*14
24
12
14
240
U
244
•243
4 1754 174
44 4 444
85 4 80 "4
194 194
45
85 4
195
10534
69 4
32
106
3
31
7
8
3
3
31
13
.32
444
240
*9 4
9 34
107 78 108
934
107 76
7
8
32
32
100
pref
Boston Laud
10
Cumbeil Telep & Tel loo
Dominion Iron & St
East Boston Land
Edison Elec Ilium.. .100
General Electric
100
Mass'ehusettsGasCoslOO
Do pref
100
Mergenthaler Lino. .100
Mexican Telephone.. 10
N E Telephone
100
2
1064 106 106 4 10o 34 106 4 105 106
0.> 4
69 4 6J34
09
084 68 78 68 78 69 4
3
i05"'>il06
68 8 6y
9 34
4 134
32
Last Hale
484 48 4
44-4
2394 Pullman Co
11234 11234
100
9 a4 Reece Button-Hole., lo
1074 1074
Last Hale a •*
Jan '05
Last Hale 26
J'ne'05
Last H ate 2 4
J'ly'05
32
32
1
225
Jan 17
Jan 13
Jan 9
86
Jan 4
I604 Jan 19
285 Jan 12
142 Jan 3
59 4 Jan
86 Jan
175 Jan 24
134 Feb 11
55 4 Feb 11
63
Hi
150
121
1
91
)
30
840
320
"i'5'7
19 34
195 4
165
May
82 4 A IT 13
182 MarlO
132
Feb H
I39 'i Mar25
165 4Aprl
295 Feb
148 Marlf.
85 J'ly 7
93 J'ne2i
185 4;J'uelo
23 Apr
:
70%Mar30
25 4 Marl
106
71
32
zil'V'j'ne'b's
1134
113
Swift & Co
100
Torrington Class A.. 25
Do pref
25
Union Cop L'd & Mg. 25
United ITruit
100
Uu Shoe Mach Corp. 25
Do pref
25
100
U S Leather
Do
Of,
7
-
-
5
434
274
27
83 3b 84
*94 10
•9
2%
16>a
29
•60
•8
645
204
•6%
•65
2
24,
15 34
15 7
6
29
29
•55
••50
10
24
84
84
615
642
21 '(.
21
64
•55
'55
70 4
14
14
•81
82
*115 116
*24....
84
650
70 34
14
•81
115
72
14
83
116
24
22 4 22*6
*44
4%
204.
8
204
204 2034
10 4
64
1334
50
•
2
*-75
14
60 V,
24
1
2434
264
23
23
914 92
103
103
2
2
74)
•116
•3%
1*8
74
118
4
*8
84
29
29
1
SI * 31%
*104 104
43 % 44
•3 ....
*104j
116
13s
*
11
116
1%
4%
836
83s
-90
1334
14
604 614
•2
24
*-75
1
264 2634
924.
23 4
••50
••60
1%
•4 4
8
-85
*
24
93
2334
'60
2
105 4
2
»1%
2
105
7%
118
7%
118
214
*64
•55
'
pref
Jan If
50 Jan 5
93 4 Jan 9
113 Jan 6
96 May23
172 Jan 18
93 Jan 3
112 Jan 3
21 4 Jan 27
15
200
279
878
150
U S Rubber
Do pref
U S Steel Corp
Do pref
West End Land
64
21 7s
21
22
13 34
25
Jan
3
86
84
8 3«
••50
75
14
514 614
•24
*-75
26
93
2334
64
714
144,
80
116
204
934
4
8%
•75
14
14\
51
51
93 4 93 4
-'4 4
24
24
29
4 30 4
•o3
84
-64
72
14
144
10 "4
6 1*
22
*-50
40
Jan
Mar21
99
117
Feb 23
Mar28
29%Aprl5
MarlS"
93
74 J'ly
169%Mav22 191 Janl
3S4 Jan 6 45 34 Mayl2
804 Jan 10 88%AIayl2
334 *1864J'ne20 206 Apr 29
•80
26
96
244
105
105
2
•105
106
107
2
2
8
8".
84,
30
84
30%
31 78
10 4
32
104
43% 44
3'w,
34
1034
116
14
2
*134
74
74 74
74
1214 12041204. 120
11
1174
14
•Beiorepay't of assess'ts called in 1905.
•3 34
*334
4
6*2
22%
84
;'
1164:117
*13b
<t
14
660
•15
•15
Calumet
*04
600
100
25
25
•80
2634
97%
25
•60
LOS
2
1%
74
955
31
H
3
4
t234
18
70
380
8
(rcts)£l
Hecla
25
10
25
25
Catalpa (Silver)
J'ne3i
J'ne 8
33 J'ly 8
14 4 Jan 16
lll%J'ne2ti
484
J'ly
117 4 Apr
21
3
1
11
64
22
44.
24
84:
2634
97 4
25
•65
107
2
y»
7%
123
4
Colony
Dominion
25
25
25
99 Osceola
Copp)
10
Parrott(Silv<fc
25 4
25
•65
Phoenix Consol
25
109 Quincy
Island
25
2% Rhode
Cop)
Fe(Gold&
10
Santa
1%
10
7 34 Shannon
•90
Old
2734 Old
•80,
4
J'ne21
254May31
1
May 2
5,833
650
May22
28
50
May
53
2,500
4
6
Jan 26
128 601 J'ne 7
1,400 10 Maris
9,172 16% Mar22
6 Mar 14
50
1,350 30 Mar24
12
61
Jan 3
Jan 25
Copper Range Con ColOO 9,136
20
710 11 4Mar3o
144 Daly-West
100
140 60 Jan 10
82 Dominion Coal
Do pref
100
90 113 Jan 10
1134
2
May26
12
460
24. Elm River
8 Apt 29
25 1,331
11 Franklin
5
5
Jan 4
Consolidated.
10
Granby
4,140
6 s
224 Greene Consolidated. 10 4,395 2OS4 J'nel3
3 Jan 4
150
44 Guanajuato Consol.. 5
24 4 Isle Royale (Copper). 25 6,453 174,May23
6 May20
Consol
25
Mass
2,775
9
25
Mayflower
100 70 J'ne27
25 5,840 10 4,Jan 9
"l4% Michigan
2Vi
125
J'ne'05
8%
304
32%
10%
44%
34
1134
1164 118
118
n% 14 IVi
Before pay' t of assess' ts called
8%
31h
33 4
10 4
44 4 Utah Con (Gold)
3 4 Victoria
12
118
Winona
Wolverine
14 Wyandot
m 1904.
24 4 Deo
87 Deo
638 Nor
27 4 Sep
152 4 Nov
141 Nor,
149 4 Nor
24 4 Nor
94 a4 Deo'
4 Sep'
12234 Deo
19 34 Nor
5 4 Jan
74 Deo:
230 Feb 265 Aug
alol J'ne 194 Nor
36 Dec 444 Aui
77 34 Mai 84 34 Oct
173 J 'ik 200 Nor
3
4 Feb
t
2,999
200
7,459
4,120
2,933
132
236
2,205
170
3,240
3,903
25
430
25
25
25
1,150
4
Jan
17
243
J'ly
Nor,
9 Nor,
116 oct!
22 4 J'ly,
26 Nor
5
Oot
113 J'no
6 4.Muj
204 Deo
77 Jan 103 Deo'
3
10 4 Feb 34 Not
40 4 Jan 99 4 Deo
3% May 33 Deo
5 1*8 May 95 4 Deo'
50 Apr •75 Jan.
64 J'ne 23 4 Nor
76 Mar 101 Deo
75 4 J'ne •J\i Deo
t90 4 Aug 100 Jan
'
Aug
75
dZ'ia Mai
43 Feb
7
1
21
82
7
8
:l
4
6% J'ly 21
304 Apr 10
7 4 Apr 18
28% Jan 17
13 4 Mar 13
14 Janl 2
15% Maris
56 4 Mar 9
5 4 Jan 16
2%
20
Nor
Nor
Dec
1
Mat
14
Oot!
29% Nor
3 Nor
1 4 Nor
224 Nor
38 34 Nor
13 6 Not
7% Nor
700 Nor
25
1
Nor
Mar
32% Not.
10
75
14
Jan
OOti
744 Nor
Jan.:
Jaai
Nor
4 Nov
15 4 Nor
Mar 6 11 ieNor
Oct 34 4 Deo:
Feb
5 Deo'
4
4 May 354 Nor
Feb t9%Deo
J'ly
2 Nor
J'ne
114 Deo
34.
344F'eb 57 4 Nov
48 May 1
6 3, Aug
24 Jan
2 J'ly 6
v
14 Jan 13 •50 J'nt 24 Nov
Mayas
94 Feb 29*4 Deo;
23 4 May 1 284 Jan 3
88 Feb 9 103 Marl4 53 Feb 98 Nor
22 J'nel2 304AprlO 2u34 Feb 33 4 Not
50 J'ne22
3 4 Jan 14 ti-50 Aug t5 Nov
95 May 4 118 Janl"; 80 Feb 125 Nor
14 May 1 2 4 Feb 21 •50 May 3 Nor
3 4 Nor
l%J'nt
14 May 8 3 Jan 18
3 4Auj: 1034 Nor
6% Feb 6 9 Jan 3
•62
6
i 3
•45
!
•
L
39% Mar 4 464J'ne22
2 Mayl9
6 Jan 13
94May22 154 Feb 21
Jan 4 120 Feb 16
2%Feb21
l%J'nel2
206 105
200
2% Nor
Nor
141
8634 Mar31 40
117 Mai-25 103
1 34 J'ne
34 Jan 13
7
J'ne
12 4 Jan 10
.
5
12 4 Apr
71 Jan
36
J'ne 72
J'ly 116
391 101 May23 140 Marl 4
25
43,, J'ly
2 Feb 3
3
755
26
24% j'ne2o 35 Jan 19
26
Tennessee
73
8 jan26 13% Feb 1
25 1.460
Trinity
9 Mario 3234 j-ly20
100 12,176
United Copper
UmtedStates Mining 25 15,178 21 Jan 25 33 4 J'ly 21
94 Apr 6 H34 Jan 5
Unit States Coal ifeOil 25 1,385
.
164 J'ly 17 4 Feb
4 J'ly 434 Deo
Dec 146 4 Deo
37
143
•75
Mar
8 Fob
12% Jan 5
314Aprl2 15% Feb
Feb
2 4 J'ly 13 25
14Feb23 •20 J'ly
7 Feb
18 34 Mar 13
35 78 Apr 17 19 Mar
35 Maris 39 May
6 Oct
8 34 May 19
695 Feb 20 435 Jan
15 Mar 1 05 Apr
26 Jan 4 d 14 4 Feb
6% J'ly
84 Janlb
75 May 10 20 J'ly
7 4. Apr
15*4 Jau 20
83 Marl4 38 Feb
Aug
10%
18 4 Feb 15
Tamarack
44 Tecumseh
89
2^4
May25
8 Jan 11
Apr 24 28 4 J'ly 5
Jan 25 S9%Aprl4
4u0 45 J'nelS
5,225 124»May22
73
14
•79
112
124
1,070
Jan
72
116% Nov
974 Deo
173 Not
Jan 93 4 Deo
Jan 114 Dec
140 4 Apr 27 118
1
4
5
•55
Cons Mercur Gold... 5
25
'05 Continental Zinc
•55
42 Feb
95 4 J'ly:
2
•
>
234 Centennial
64 Central Oil
22 4
•7o
LastSalc
84 84
3034 31 4 z304 3234
3134 32^4
31% 33
10 1* 104
104 104
4334 44%
43 4 43 4
34.
34.
34 34
1136
11
114 1134
84
653
J'ly
14 Apr
Jan 4
Feb
4 Oct
Jan 9
i
Oct
17 Jaulo
100
252i?Feb2» 208 Mai
3
Jan
6
Feb
4
20
104
23
114 Jan 5
172
2
Dec
23 Jan 18
4 4 Oct
264 Jan 16
2
J an
2 4May25
4 Jan 6
5
Feb
Feb 2o
1,022 103 Apr29 115
3,818 57 J'nelo 71 JMy21
Feb 6
Feb 17
Feb 2
10 Jan 6
230 May23
8 4 Jan 12
105 Feb 24
23 Jan 18
25 May23
1
175
133 134
250 98% Jan
Arcadian
Arnold
&
J'ne 207
4 Apr'2¥ 108
25
1
2,608
CopperlOO 14,838
84 BostonConC&G
8%
Jan
24
804 Jan
234 Nov
Oct
Apr
1004Feb25 87 4 May
137 4 Feb 25 71% Mai
101%Feb20 864 Mar
175 Mar 2 160 Ma>
1,396
991
100
100
100
144 1434 "l4%
25
614 61% 52
63 Mohawk
LastSalc
J'ly*05 Montana Coal & Coke 25
••50
l 7e
1034
*44 4%
22% 244
8% „ bi>h
'60
113
4,
80 4 804
113 4
24
2V»
••50
*1%
64•60
71
-60
2
22%
16%
2934
55
5
185
68
29
734 Jau H
50
54Jly
49 Z242 J'ly 15 257 Apr 6
It.
25
25
1
25
174 Atlantic
Bingham
Con
Min&S
50
314
•55
Bonanza (Dev Co)... 10
•60
Last Hale 25 4
••50
*1%
*1%
74
84.
tibO
*112
•24,....
••75
1
26U 26^4
-90
104.
17
•53
••55
22 4
22
i\
•4 4
22
224,
44
•60
62*4
Janl" 30 J'ne22 17 Feb
1,050 130 4May23 149
Mar 2 122 4 Feb
131 132 May22 ] 40 4 Mar 7 122 4 Jan
1,020 137 May2.-i 148 Jan 4 119 4 Fob
9 Feb
4,203 21
Jan 23 40%Aprl8
68 4 Jan
1,818 924 Jan 3 109 Mar31
3
Nu\
43., j'ne 9
3 4 Marl:
63 117%j'ne28 124 Jan 6 1124Jan
74J'iK'
17
425
Jan 24 24% MarlO
11
2
4 Sep
1
Dec
Deo
Apr
Mar20
55% Apr 18
44 Apr 13
100 4 Jan
10 4
"2134*
,
•56
2
834
1
57
88
J'ne 175
Feb 6
Jan 19
20
100
844 Amalgamated
Feb '05 Amer Gold Dredging 5
104
114 Am Zinc Lead <& Sm. 25
Last Sale ib\ ilay'05 Anaconda
25
82
•10
618
104 104
64
6^i
4
3%
14
24
2%
3%
14
144
'78
116
64
•75
•15
70 4
82
116
21 34
84
640
:-15
•56
10 3
44
'8
293,
•55
650
6>8
64
-55
28
Allouez
24 4 Jan
J an
73
170
1
Mar20 147
194 Jan
""96 34% Jan
100
54 Adventure Con
o
27
27 4
8o s8
Last Hale
•60
16
21«8 21 3
22
2 5a
10 34
5
4
-is,
84
645
3 7s
43 7a 44
3
3
*104. 11
116 116
154
294
•50
71 4j 71 34
14
144
115
4
•60
294 294
645
10 3
5
27
2
1534
3 78
294 29%
314 32
104 10%
10
••50
-55
8*8
84
-55
24
10 4 10%
64 6 3e
21 34 22%
64,
94
2
15 4.
294
21%
6% 64
703s
9%
94
27
-60
16
"65
4\
4- 274
324 834
27 4 27 4
834, 83 34
'60
•60
4^
434 41B 16
5
274 27%
83% 834
130 .I'm 154 Oct
«ik;4J'u(- 127
Deo
180 J'n< 186 Nov
100 Apr 162 4 Jan
270 Jan 285 J'n<
L33 J'nr 142
Nov
Apr
804 Fel»
Mai 794 Nov
Aug 734 DeO
Mining
6
Oct
Feb 4o.;4Di-o
Apr 26 198
Feb 14 74
1
5,455 24%Mav22 38 4 Apr 1
344
34% 343s 34% 34% 34 4
344a
34 e
s
102% 102% 102 4102 4
5,210 91 May 2 2 104% Apr IS
102% 102 J4
101% 10134 1024 102
r
-•50
•40 Mar 30 67 4 Jan 20
• •50
•50 '60
Last Halt 10
60
-60
• •50
2,
60
J'ne'05
•18
20
184 18 ....
•13
*18
West Telep & Teleg.100 "i'75 164; J'ne20 22 4 Feb 6
18
....
*18
19
19
Vj
•100
101
Do pref
100
101
10141014 *100 102
*101 102
40 9/ 4 Jan 24 104 Feb 8
1014 1014
84 Mayll 92 Mar 9
Last Hale Si% J'ne'05 Westing El & Mfg... 50
-95 100
Last Halt 92h J'ne'05
91 May 2 99 Mar20
95 98
*95 100
Do pref
50
•96
98
";/i^"34" b
1023gl02 7e
34 s
Api 174
May23 211 Aprl7
4 May 199 Oct
Jan 19 167 34 May25 159 Aui; 163 4 Apr
Jan 24 233 May23 222 Jan 232 Apr
232
205 4. Ian
2
79 Jan 9 102
77 J'ne27 87
50 Apr 13 72
146
ix-o
Feb .55 4 O' c
Mai 242 4 Nov
\» c
Au«
*
1*8
1% 14
139 139
138
139
4 Last Hale 1 ha May'05 PlantCom t'st stlt comlOO
"12
14
*12
14
Do pref
100
14
139
2394
*9 4
'
9 34
1074 107
244
176
45
85 4
200
.I'm 254
.c241 M»y26 249
Man
12 £172 J'ne 2 185 4,Mai 14 168
171 Jan 6 175 Apr
166
105 Jan 18 310 Apr 2
2U5
213 134Jan 17 35 Mar 2
..100
pref 100
Amer Pneu Serv
50
Do pref
50
284
Amer Sugar Refin
100
Do pref
100
139 4
139 Amer Telep & Teleg.100
381, Amer Woolen
100
Do pref
104
100
139
139%
Do
Highest
Mai 894 Not
Jan 104 4 Nov
64
1
Old Colony
Pere Marquett*
91
7
"6 34
•28
7
29
139 4.
139
37*2
103
244
N H
& Wor
Amer Agncul Chem.lOO
23
23
91
1384 1394
244
Norwich
Lowest
m'tesi
Miscellaneous
23
24
91
Northern
//
82* 77%May2<> 93% Mar 9
34 994 Jan 2 10413 i'ne'2
38 254 Jan 3 201
A|,r 4
128 z(51 Jan 25 584 Apr 2H
41
100
100
79
200
Do pref
100
J'ly '05 Rutland pref
100
J'ly'05 Savannah Elec com. .100
15
•50
100
52 Seattle Electric
100
97
98
23
Do pref
100
100 4,597
1284 129=, Union Pacilic
27
Do pref
..100
Vermont & Mass
2
100
97
53
98 West End St
50
Do pref
51
114
50
2i%" Mai'05 Wisconsin Central. ..100
Do pref
i^4 Dec '04
100
147
Apr'05 WoicNash& Roch..lOo
240
"•9 4
9%
107 107
107
324
•23
91
24
91
*12
14
240
*94
3
9
9 4
32
45
*14—
107
107
'78% 78%
Last Hair ,'«?34 May'05
Last 3 ale iXX
May'05
206 4 2064
064 206 4
Last Hale .va
J'ne'O
,
1384139
14. 24
a
24
9 34
U^
'...
6
85 3g 85 4
189 4 190
139
•1%
200
r
16
534
45
189% 190
*14
•138
206
r
864 Atch Top & Santa FelOC
10234
Ho pref
100
257
Boston & Albany
loo
157', KoHton Elevated
157 >4
100
J'ly'05 lioston & Lowell
ill
100
178
178 Boston & Maine
100
.'7/
J My '05
1)0
100
pref
J'ly'o.. Boston & Providence 100
;<)7
304
30 4 Bobiob&Wot i:iec Co
75
75 4
Do pref
Hi J'ly'05 ChicJuncKy& US VI 00
J'ly'05
: '54
Do pref
100
'S74 J'ly'05 Con* Mont Class 4. .100
itio
J'ne'06 Conn <fc 1'aps Rivprel 100
Mar'05 Connecticut Kiver...l00
ayS
1404 147 FitcliOurg pre!
100
J'ly'05 Oa Ky & Electric
S5
100
Mil
92
Do pref
100
26.5 4 J'ne'05 Maine Central
100
20 Mass Electric Cos
19
100
O3J2
Do pref
-.loo
63 4
J'ly'05 Mexican Central
12
10(
202 N Y N H Ac Hart.. ..100
202
*3 34 ...
•334 ....
Last Hale 4U
J iie'05
117% 117% 117 58 117-\ 117 117 5 117% 117»l
*234.
2
-23
234 23 4
23 4 24
\
23 4
*5«8
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54 5 4
•54
53
b'<
1175*.
242 4 2434
45
853b
85%
19
202
20 J
202
29
28
139
1S8 7S 138 7
1384139 137 4 138 4
139 4139 4 139 4 13934
35
35 K
36\4 374
1024 1034 102 34 103
36
*5%
5 34
242 V
14434
'.'8
6
22% 224
24
*23
(t242
*96
28
103 1044
*3 34
*3%
.H7»| -117
*
16
61
*23
91
24
90
904
*6
64
284
28 4
1394 13934
139
138
139 139 4
ao
63s
'14
"48
'-2
Last Hale
Last sail
Last Hale
24 4
.
79
98
79
*18
19
202
174 174
97 4 98
114 114
97 4 97 4
114
974
La*st Hale
4 ((2 4 62 4 63
-214 324 Last Hale
200
97 34
98 34
147
'146
02
129% 130
,
U4
24
90
16
87
-18
19
62
22 4
202
'
51
98
98
130 4 130 3
51
9«
•98
201
2064 200
14
48
16
146
•S4
Last Hale
•214
98
80
140
•91
63
:,
98
80
.14
*48
*96
87
18
la's
03 4 6a»4
*21ia 22 4
201 201
»206""206H *2o6
»
84
87
914 914 *91
1«
18
*62
1454 1454
1454.1454
145
87
1
Lowest
<i:,,i-
4
•1(12
ior L'reviout
Year (1904)
Week
86 4
86
86
1.1
Hanye
1U05
the
Hharet
256
3(17
30
31
75
170
I112
265
1
'3117
31
i
86 4
86
102
255
167 a< 1674 H
•242 243
243
•178
241
179
'178
17D
26534
ut
EXCHANGE
K;i
Jianyr ior year
Hales
BOSTON STOCK
frtday
July il
hursaay
July 20
Weekly and Yearly
"Daily,
May 140
85
Nor.
4% Norj
•25
J'ne
34
Nov 43 4 Deo,
Mai 18 4 Nor!
334
6
Mai
Jan
8 4 Jau
30 Jan
18
2
5
69
•50
4 J'ne
Feb
6
2834
1234
47
6%
13% Not
Jan 110
Feb
Mar,
Deo,
Nor,
Nor,
Nor,
t3
Nor,
Not
*Biaandasked. UNewstocK. tAsa'tpaid. *Ex-nghts. aEx-div. <& rig&t«Jj
6
5
,hLV
22 1905. J
HOKUM
JULY
Priet
B
Bosiou
Maine
it
t
1
W
Elk* Mo V
1st (5S..1933
Unstamped 1st 6s
6 Nor C B & Q coll
Registered 4s
Notk— Buyer pays acorued
94
107
L02
90 4
\\
lOOVi
1
944
129*"
1114
O-F
89
^7
;,
L024
89»a J'ly'05
100 J'ne'o]
129 J'ne'05
Ill's J'ly'05
994
101
F-A
100 4
1074
1074
100
126 4
1004 J'ly'05
1264 Mar'05
A-O
J-J
J.J
1254
M-N
J-D
109
"c*64
1094 Mai'O'J
1124 Jan '03
102 4 Apr '05
J -li
A-O
A-O
A-O
M-S
M-S
M-S
M-S
A-O
102
109
100
1014
101
s.
Monday
July 17
lOl^a
1014
101
J'ly'05
98
98
140 4
1014
101
(For Bonds and Inactive
fYiday
July '41
4
atocks see below)
1
02
1024
'.,
"',
'
i"l)5
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1
:i
,
A pi
1014
'05
4
1
24
;,
4
103
8
02 4
125 4
1
1034
Mai '02
102
99 4 99 <V 9958 J'ly'05
10541064 106
106
100
97
1044 1064
Feb '03
107
4 J'ly'05
1263s J'ue'05
109 J'ne'05
94»4 J'ly '05
^10.5
103"
lo;;.'',
1'iii
11024
125'- Mar'06
10J4 Api'l>5
109
103'.;
100
.I'lloNM
11024 Jan '05
103
98
94
101
lol
1"2'h 108
J'ly'05
102\ J'ly'05
LOO 4 Feb '06
100 Deo '04
100
Hoc '04
HI
4 1064
05
mis 4 1138
4 1144
4 11974
L024 1024
105
1064
107
1:92
102 4 Apr'05
105M May'i 5
:
'.,
Apr'03
103 4 May'05
102:>4
1024
105
Sale
104
:)
4
1
05
105
H91
91
Jan 'OS
1114 Apr'05
and asked.
latest bid
;
1114 1114
H Flat price.
Weekly, Yearly
Daily,
Ranye /or Year
19U5
the
1034
4
103
10 103
1191
111
Sa les
or
1
.Ma
<;•'„
io:;
price Friday
ACTIVE STOCKS
'o
101
1024
Exchanges— Stock Record,
Thursday
July d0
Wednesday
July 19
No
-i
I
1014
101
West End Street Ry 4S....1915
1914
Gold44s
"
Sep
75 .I'm".
102 4 Au:;'u
971.
97 4 J'ly'05
1
interest in addition to the purchase price lor all Boston Bonds.
Tuesda v
July 18
1
fl
L044
1
26
Old Colony gold 4s
Oreg Ky A Nav con g 4s.. 19 46
1922
Oreg Sh Line 1st g On
licpub Valley 1st s f 6s. ..1919
itutlanrt 1st con gen 4 4s. 191
Rutland-Canadian 1st 4sl9 19
Savannah Kloc. 1st cons 5s. 952
Seattle Elec 1st g 5s
1930
Tornngton 1st g 5s
1918
140-4
Share Prices— Not Per Centum Prices
July 2o
"Yo"'
1905
1906
1924
139
139
40
140
:
'
;
10.'4 May'eJ
Mn. 'Ill
L18
7 ;'., J'ly'05
1024.
OH 4
1.
1
04 4
tr roc.
N Englst7s
I
10
J'ly'
Ian 1939
Y.fc
lsi lis
'Oi
1)4
1014
1044 101 -,
1004 N,.vn,
Jan 1939
140
Apr'05
140
140
1'-
LOS
'.,
120'..
1
Gold debenture 4s
1916
Gold 4s
1917
Western Teleph & Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s.. 1909
1054 Mav'05
1
1912
10'i
J'ne'06
1054
9
1
7s.. .1912
1054
9S
9
Mil
Lsi 6s. 1926
cut nil cons Is.. 191
1911
1st lien con v 4s
United Fruit c.onv gen 58.1911
U S Steel Corp 10-60 y r 5s. 1963
Philadelphia and Baltimore Stock
tiaturdaj/
i
loo"
08
moo Pac RR<fclgrg4s.l947
1094 Mar'05
Sale
109
101
101
102 4 J'ne'05
103 4 Apr '05
1014
\ioan
u
:
Sale
gr 1st 7s... 1908
1st
I
1234
102 4
98 100
1074 109 4
102 4 103 4
103 4 103 4
100
\1'J
102 '4
103 4
id
108
'
1
High
IOI4
L024
LOO
-I'm- H
4 j'ly'ofi
101
i
1929
MmiiHlieii Kloc con g 6s 1929
1929
Now Kns Col Yarn 5s
1900
.Now Eug Teleph lis
1907
88
19IIS
88
5s
1915
106 4108
99 4 1004
120 4 120 4
120
126
lo8 1084
1084 109 4
1074
Feb'05
Mar'05
109
120
109*" 108
Sale 109
3m
Midi Telep oons 5s
99 «8 99 «g
95 4 90=8
954 J'ly'05
'SRI
J.J
B1
si oons mo 3s
_d cons iuo 3s
129
X
w\ Apr '06
J-J
.
L0u>
L2S4
'."'.'.'.
LOT
1084
1934
Is
income 5s
ntoii
a
i;
\l
•
Jne'Ol
1004 J'ly'05
1064 Dee '02
M-N
M-S
''
'04
109
105
M A K ucn
in/
Ih.ih
1004
Sale
6s.... 1921
Cons lsi -is
Maxq Hough <60nt
10.",
1114111 ')
si
894
884
Sep
('
<£
1
129
May '05
1014 Apr '05
A-O
A-O
M-N
M
Ki Scotl
Maine Cent eons
1084
87
100
J-J
L004
Sine*
-\<ti,-
l.mr
a;-
i'
.
last
Rang*
../
J.'llll'J!'
ii
Ask
101
SIOUX C 1st rs.. 1917
Kan ri'lin A Spr 1st 5s... 1025
Kani' 11 S (S Gull 1st 7s.. 1908
la Falls
Kan C a M Kv,i Ur 1st 5sl929
Kan CSt Jo* c it lsi 7s. .1907
1 1
994
Hindis Stool itobrn '•* ... 191H
\ on OOUVei ilobi-n 5s. ..1913
Kan
Kan
Mar'03
112 4 Jan 'OS
2 4 Doo '(14
4
Wttkft
! ri tin
JuLu Jl
I
1"71044
101
102 *i Sale" 102
!,<
8 S
HI
ENDING JOLT 21
K
i
Hut
'02
J:lll
i
llui/t
110 Fob '01
104 Si Apr'00
Fob'Hi
117
1933 A-O
4s 1921 J-J
1921 Q-J
tr
1
994
.riv'i'5
B6
97
j.j
B*S W
l.oir
108*4 J'lv'0
i'l'";;"-!
a-n
Cent Vermt 1st g 48.. May 1920
Chic Hurl 4 Q extend 48. 1905
1919
Iowa Div 1st os
1919
Iowa Div l8t4s
1913
Debenture 6s
4s
1922
Denver Extra
1927
Nebraska Exten 4s
1921
s t4s
1949
Illinois Div 34s
Joint bonds See Gt Northern
Ohio Jo Ry «fe Stk Yds 5s. 1915
Coll trust refunding g4sl9 40
Oh Mil A St P Dub 1) 6s.. 192"
Oh M A St P Wis V div 6&1920
Chic A No Mich 1st gu 5s. 1931
ChioA
Mich pen 6s.... 192
Concord A Mont cons 4s.. 1920
Conn A Pass R 1st g 4s. ..1943
1927
Current River 1st 5s
1st 4s... 1940
Det Gr Rap 4
1913
Dominion Coal 1st 6s
Eastern 1st gold 6s
1906
1915
Fltchburg 4s
1927
48
h
'•''-'
i)6is
964
l //
100
Hale
'-i
io3"
lanuary
Sal*
list
II
M-S
1924
1907
194 I
..1906
W
I.
In,
F-A
Improvement is....
Best A- Moll 3d i-slio .'s...l9l'i .Vl-N
Boston Terminal 1st 3 43.1947 F-A
1918 J-J
Bur A- .Mo liiv ox lis
Non-exempt lis
L9 18 J-J
Sinking lumi 4s
1910 J-J
1917 A-O
Butte & Boston 1st tis
Ceilnr Rap A MoR I8t7s.l91ti M-N
1909 J-l>
2(1 7s
Frenit
'
257
BOSTON BTOCB EXCH'GKE
Sine*
Ask
loo
90
1908 .J-J
Tolephono 4s
A- Tel ooll H Is. L929 J.J
Atoll Aj Nebraska lsi 7s.. loo- M.S
Atoll 1'opA- > Fe 1:011 g 48.. 1995 A-O
1'ly 11)95 N'm
istment g Is
Boston Elect Light 1st 88.1908 MS
Roll
Telop
4s
!
BONDS
Hang*
»
A'dii.
Juh/ 91
'.'1
Consoi 5s
Boston A Lowell 4s
II
fYid <i«
Bid
Am
Am
1
Baston Bond Record.
BOS TO N STOC K KXCH'G
E.NlHNll
4
1
Range lor Previout
Year (1904 J
Week
Share
Lowest
f.
Highest
Highest
Lowest
Baltimore
834 884
834 834
4
25
90
*100
•25
•87
53
*13
25 4
25 4
90
'13
514
274 274
114 18
•61
51
27
114
51
27 4
12
164 164 •16
104 4 104 4
624 62 4
4
4
I
53 4
51
16 4
105
'6-4 63 '(
16
103
li'5
4
4
71»ia 71»ie
43 4 43 S
714
43 4 434
8»is 84|
28
28
8»ie 8«18
27 4 28
•60
94
60
94
4
53 4
134 134
&
43
60 4
94
60
64
10
50
<ft
Keystone WatchCase.lOU
Lit Brothers
10
Uttle Schuylkill
50
UlnehUi <fe Schnyl H..50
tf
Haven Iron
<fc
.Steel.
4
4
4
16
80
68
20
83
arwlcklroni
' est Jern-y a.
Veatmoreland
•
Steel. 10
E
Al Val
li
1
20
Bid
Ask
est 7s 1910 A-O
115
115
4
90
126" 1204
25 4
25
4
•
II d; B Top con 5s '_.". A-o
Indianapolis Ry 4s. 1933
Interstate 4s 1943 ..l'-A
LehipliNuv 44s '14. Q-J
Kits 4s g
1914. U-f
M
44sg.1924.Q-F
Leh VC 1st 5s g'88..JJ
Leh V ext 4s 1st 1948. J -D
2d 7a 1910
M-S
4
65
1
Peo Tr stk tr ctfs
Gas-List K 5s 1928
<fe
1
J-D
Consoi 6s 1923
J-D
Annuity 6s
Gen cous4s 2003. M-N
Leh V Trac 1st Is 29. JNew Con i,a.-, 5s 1948 J-D
3
Terminal os g 1941. Q-F
122
102
474
158
1*4
134
9h4
Newark Pass con
XV
87
66
83
064
109 4
NolJhioTracco
No Peun
1124
117
125
150
152
5>
.51
1
N
l'enu gen 68 c 1910.. Var
Cod
...Vai
Peun A- Md Steel co
N V Can 7s '00. Jl)
Con 5s 19.J!)
L-0
Con 4s 1939
Peni.
6s'17 .M-N
hi
13
4
269 4
ioi"
5
"
I
118 4
l'<
o
1
lUft COl
I:
Con*
ooltr6« L951M-M
Phil Eltc gold lrii»t ctls.
Bid and asked pncea; no sales on this nay.
f Ex.ri^uw.
111
104 4
724
'l'ru«i cei
i
1044
124
117
1174
1114 112 4
106
104
100
J'ne
154 Deo
J'ne
51
Exchange 84s
p 1st i;s in
19:;».J
i750
paid.
I'll
A
M
rac lsl 5s. .'29
No Halt Inv 5s 19 12 J
ons ertible 5s.'06 MCent'l Ky coii5m19.;_' .m.
'
A Imp
t*15paid.
t
2
4
836
Feb 25
Jan 17
.Marl 3
Mar2 7
Apr 27
Apr 17
J'ly
1
1134
60
85
68*"
70
95
150
100
425
94
30
98
70
5s.
»10
pant,
i
May
Feb 114
144
5 4 J'ly
20 Aug 44 4
74,
76
1
||5
7
8 Jan '19
19 4 Mai 414
Deo
Mar 40 Deo
Mar 42 4 Deo
454 Jan 59 4 Deo
Ma) 108 Deo
81
194 Oct 22 J'ne
38
28
BALTIMORE
Bid
Chas City Ry 1st 5s '23 J-J
Chas Ry G <fc El 5s '99 M-S
105
Charl C <fe A ext 6a. '09 J-J
1910 A-O
2d 7s
City & Sub 1st 5s. .'22 J-D
City A Sub(Was)lst58'48
Coal Ai I Ry 1st 5s'20F-A
Col<feGrnvlst6s.l916J-J
Consoi Gas 6a... 1910 J-D
1939 J-D
5s
Ga & Ala 1st con 5s '45,1 -J
GaSoA Fla 1st 5s 1945 J-J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knox v Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-s
Metst(Wash)l8t5s'25FA
Mt Ver Cot Duck 1st 6s.
Incomes
General 5s.. ..1941 M-S
Norfolk St 1st 5s '44. .J-J
NoilhCent44s 1925 A-O
J-J
Series A 5s 1920
i-J
Series B 5a L928
put Un Trao6a 1 997. J -J
...l-J
1st
6s
1911
Poto Val
-
South Round
i.
A P
:vA
Va Mid
"9l"
10'1
117
119
1074 108
Lsl
I.I
119
101
1
1
1
$20 paid.
1926. J-J
1st 5^
i
".".."->
-M-N
1919
LSI 'is
2d series 6s L911...M-S
8d series (is L916..M-S4th ser 8-4-6a L921 m
oew '82.J-J
Pond debt 2-8i L99L.J-J
con 8a r.'i i J-J
Wosi N
Va
1014
(State)
WesVa
Wii
.i.
111
113
114
107
1074
1084
109
115
108
117
1084
1144 1154
111
1114
1104 HI
1224 124
114 1144
61
014
30 4 314
104 4 105
119
121
119
84
84 4
32
36
92 4 98
i'09*
110
118
118
110
116
111
894
110
113
112
96 4
5'.'
Weld
i
•'
J
6s. . 1988 J-J
I
'.03
4
110
111
1
I
'J
115'
ne
95'.
.is
'••'
964
S-5 1*
.1
L906-.
Ask
118
M-H
D
M 8
1st ls'1-.i
5tb series 6s 1921
113
lie
Xov
Nor
Nov
Oct
4 M»)
May no 4 Deo
Nov
37
sav Fla A:\Vosi 68 '84 A-O
Seaboard A L Is L950A-0
106 1064
104 4
102 4 102 4
113
11 6
Oct
Deo
334 Feb 694 Deo
24 Mai 44 Nov
554 Mat 70 Deo
Npt NifcO P 1st 5s'38 M-N
440
96
36
100
84
118
;
18 4
4
i''ci»n
Im-oini- Is
6-20 yrls 19.5
J
BaltCPasi LSI 5s '11 MBalt Fiindg 6S.1916 M-
Exl
i
."
1
43
GaCar&Nl8t58g'29J-J
Georgia P 1st 6s. ..'22 J-J
97
85 4
'tis of in.
lialt&
10a
1
Anacostla<& Pot 5a
AtlA Ch lst7...1907 J
Allan
L URIAH Coaai Lict)ctis5s j
5
Ask
Bonds
-
"50
8
54
Mar
'.
BALTIMORE
.
Income 4s 1939.. ..M-N
100
174 Jan
Jan
39-4
Ry con 5s 1930
Inactive Stocks
Ala Cons Coal* lion.100
Prel
lou
Atlanta & Charlotte. loo
Atlan Coast LlnoRR lou
Atlan Coast L (ConujlOO
Canton Co
Hid
Georgia Sou 4c Fla...lO0
1st pref
100
2d jpref
LOO
G-BS Browing
100
Mt Vernon Cot Duck
PU<fcNol8t48'89J-J
48 4
160
a
W& B coitr 4s '21. J-J
Roch Ry<fe L con 5s '54 J-J
U Trac Ind gen 6s'19. J-J
Un Rys Tr ctfs 4s'49J&J
U Trac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
Wlks-B G&E oon5s'55J J
1014 101
107
107
1
97
J'ne
'i
484
40 J4 Juu 25
8
'
Fob 17
Feb 20
Jan 21
Jan 26
May20 47 Fob
22 x 42 .Ian 9 474 J'ly 10
69 684 Mar 9 63 May 19
1,285 90 j'ne 5 1254 Apr 18
20 Feb2h 28 Jan 17
Bid
Rochester
1
Apr 4
45
PHILADELPHIA
& E gen M 5 g '20. A-O
GenM4sgl920..A&O
Ph & Read 2d 5s '33. A-O
Con M 7s 1911
J-D
ConM 6sgl911....J-D
Ex Imp M 4s g '47. A-O
ConM of '82 4s '37. J-J
1*
108 4 109
1st 5s. '33
E & A 1st M 53 1920 M-N
II
6513i6
1,066
3.587
1,110
13,951
May 2 2
P
Bonds
5s'16J-J
Choc <& Me 1st 5s 1949 J-J
ChOk&tt gen 5s '19 J J
Col St Ry 1st con 5s 1932
Eq
12
61
1,79
Welsbach Co
AmRysconvSs 1911.J-D 1024 1034
Atl City 1st 5s g '19. M-N
Elec
60
Coal... .50
"614 62
•34
4
PHILADELPHIA
ConTracof N J
Northern Central
60
Korth Pennsylvania. .50
Pennsylvania Salt
50
fsnnsylvania Steel. .100
Prelerred
Paila Co(Pitts) i)ref...5'
"p'J. German <fc Norris. 50
»lula Traction
50
laUways Genera!..
IUBo.ueh Iron <fc Steel..
ftdewater Steel
10
Preferred
lo
ronopah Mining of Nevl
JmtedN J RR&C..100
JnltPow A Trans
26
BsJtedTrao Pitts
50
Preferred
r
Che&DCaulst
Keystone Telephone ..50
SO
164
103
Balls TOT 1st 5s 1926. J-D
lierg&EBrw 1st 6.V21 J-J
Bethle Steel 6s 1998. Q-F
Chem.50
Preferred
•16
103
K.
Coke. 100
100
57 4 Jan 86 Deo
71 J'ne 1094 Deo
J'ly 10
Mar 3
48 Jan 3 544
24 34 May22 284
10 4 Jan 25 12-4
45 10 Jan 9 174
384 J'ne20 49
20S 14 4 May24 254
If. 100 4 J'ly
3 1104
2,5 57 62 4 Jan 9 70
515
J' ne 1
54
•44
45
Do pret tr ctfs
10
•15 4 16 K Lake Superior Corp
111
103
Lenign C & Xav tr ctfs. 5
-18
49
474 Jan 2J 57
12 4 Apr 24 18
221
1,385
2,303
lt;
64
S3
7
May 16 90 Aprl3
May 2 5 110 Feb 24
Jan 16 204 J'ue30
Mar23 904 J'ly
Philadelphia
*16
18
103 105
62 4 62»4
Ask
Bid
214
2 'J 5
,
944
83
99
900
!
8»<
50
50
Preferred
Diamond State Steel. .10
Preferred
LO
taaton Con Electric ?.50
tleo Storage Batt
100
Pref err ea
100
ftermantown Pass
50
Harrison Bros pref. ..100
Indianapolis St
loo
Indiana Union Tr
100
Insurance Co of N a.. 10
Pow
23
2,208
Valley
5
62 4 62 4
Marsden Co
LO
34
Pennsylvania RK
71
714 714 71
714 71
4.<
Pluladelp'a Co (Pittsb)
43
43 4
43 4 43 4 43 4 43 4
8i3
i 13 i« 8">18
84 8" 10 Philadelphia Eloctrict.
84 9 3
27-4
•274
Phila
Rapin Transit?..
-27
28
28
27
27 4
4
4
ug
51 B 18 62
52% 52 4
524
•46
•46
•46
17
47
Do 1st pre!
47
47
Do 2dprei
*454 464 •45
46=4
46
464 464
ijO
•60
60 4 Union Tractou
60
604 604 60
94-4
954 954 95 United Gas Impt
944 94 4 95
OonsolTrac Pitts
Inter Sm
25
101
514 American Railways
5(
514 •51
514 *51
5i
274 27 4 274 274 Cambria Steel
27&a
114 114 114 114 •114 114 Electric Co of America 1'
10'
13 Gen Asphalt tr ctis
124 12 4 124 124 -12
Inactive Stocks
Central Coal
Preferred
....
101
25
1
PHILADELPHIA
American Cement
Bell Telephone
pambria Iron
•83 4 844 Consolidated Gas
100
•100 4 1014 Northern Central
5(
10(
25 4 Seaboard (new)
254 •25
10'
•88
88
Do lstpref
89 4 87
•53
5 1
Do 2d pref
100
534 54
•13
13
13
13 "i United Ry & Electric. 5<
*83
714 71 ^
274
624 524 52»ie 521*18 52»i8
•464
•464 47
-4'i-j 47
•464
464 464 •464 47
60
94
53
100
25 4
51
51
274 27 4
114 114
12 4 12 4
18
103
62 4
100
25
95 V
1
I
1
110
117
96
116
1
1
"
4
THE CHRONICLE.
258
Vol. Lxxii
[
and flailroad Intelligence.
RAILROAD GROSS EARNINGS.
Ittwjestmcnt
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July I to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of tlw. street railways ore brought together separately on a subsequent i>aae.
period.
Latest Oross Karninys
BO ADS
Week
or
Month
Current
year
inly
Previous
Year
60,361
1-
N O & Mo East. 4th wk J'ne
Ala* Viekeb'g 4thwkJ ne
Vlcksb Sk & P. 4thwkJ'n
94,665
36.631
37,280
latest
to
Date
1,285.092
34,687
1,358.041
39.1
1,424,02:: 1,420,750
Inn. 24,897
U
W
...
—
i.
:
M8tP&
4th week Apr. (40 roads)...
1st week May (42 roadsj...
2d week May (42 roads)...
3d week May (41 roads)...
4th week May (46 roads)...
1st week June 42 roads)...
2d week June (42 roads)...
3d week June (41 roads)..
4th week June (43 roads).
ist week July (39 roads)...
2d week July (35 roads)...
Current Year Previous Yar
Inc. or Dee.
p. a-
&
Nash Oh
INat'l
St L.. fune
2d wk July
RRof Mcx
Nev-Cal-Oregou
luue
Nevada Central. May
N YC& Hud Ri\ Juue
M Y Out & West viay
N YSusqifc VVesi Hay
Norfolk & West') May
Northern Centra lay
7,208,724
9,659.903
6,963.872
7,164,329
7,177,961
10,851,080
7,201.591
7,500,339
7,471.193
10.612,246
7,065,765
6,947,860
to
Latest Date
Current
1 ear
Previous
Year
146.026
837,37/
212,550
21.041
3,184
7,053,861
669.634
245,063
2,223,003
Previous
Year
9,460
615,195
494.243
275.042
223,386
108,221
862,895 10.119.817 10.203,498
201.315
421,605
405,347
19.964
221,181
191.015
32.01
27.517
1.859
6,551.374 81,289.909 78,682,222
570.497 6,416.725 6,010,110
249,074 2,485,707 2.39-5,279
2.013,60S 21. 920, 116 0,^25,079
901,865 9,472,2'46 9,255,746
4,074,651 51,704.056 17,488,933
1-^ 2,7(15
18.405
191,305
522.221) 5,580,120 5,310,991
Pad lie. fune
Ohio Riv& West.. viay
956,565
4,451,073
16.981
Pacino Coast Co May
ePenn— EastP&l May
eWest P & E
May
11519338 10106138 112366435 109389235
523,516
lur. 8
.
Pere Marquette.
Phila
Phila
2d
Balt&W'sh
•lay
&
May
Erie
PittsbCC&
St
June
I.
Raleieh& Fear
Reading Railway
Coal & Ir Co
Total Both Cos
Anri
May
May
May
May
May
2dwk July
May
Rich Fr'ksb & P
Rio Grande Jet..
Rio Grande So..
.
Rock
Isl'd Sys..
Rutland RR
St Jos &Gr I
St
St
wk Mar
May
May
2dwk July
L& San Fran
L Southwest ..
Seaboard Air L..
Southern Ind
So Paoitio Co 6...
Southern Rallw'y
Texas Centra! .
Texas & Pacific.
May
June
May*
2dwk July
IstwkJuly
.
TexS V
&N W
2dwk July
..
Juue
..
May
Tol & Ohio Cent May
Tol
West .... 2dwk July
Tol St Lite
2dwk Julj
Tor Ham <fe Butt. June
P&
237,091
1,346.358
732,799
2,241,342
4,809
3.550,477
3,642.048
7,192,525
20 J.710
54,457
10,952
3,498,374
June
W
Jn Pac System
Vandalia RR.—
St. Louis Div. January...
Terre H. <fe Peo. January...
Virginia & So Wn June.
Wabash
2dwk July
West n Maryland April
W Jersey & Sea'e May..
Wheel & LE
2dwk July
116,265
3,022,486
156.977
1,221,594
106,74?
8,354,252
910,746
11,525
171,107
9,000
268.832
23,223
61.794
55,714
4,716,870
14,908
Wisconsin Cent..
Wrightsv & T'n..
May
May
594,899
Yazoo
June
557,998
<fc
Miss. V.
12,531
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta & Charl Air Line
to
to
to
Mar.
Deo.
&
.
330,098
48.117
47,181
455.917
313,411
342,850
76,197
14,922
518,445
10.968
564,771
379,556
417,308
604,537
676,493
819.377
925,286
3.195,387 2,999,816
3,946,834 3,904.534
148,173
189,773
153,698
154.807
6,085.119 5,921,096
162.270
178.484
8,663,896 7.868,335
Jan.
Jan.
Peoria & Eastern
Jan.
International & Gt North'n. Jan.
Interoceanic of Mexico
Jan.
Lake Erie & Western
Jan.
Manistee & North Eastern.. Jan.
Manistiq ue
Jan.
Maryland & Pennsylvania.. Mar.
{Mexican International .. .. Jan.
jMexican Railway
Jan.
(Mexican Southern
Jan.
Missouri Pacific
Jan.
Central Branoh
Jan.
TotaL
Jan.
National RRof Mexico
Jan.
Jan.
New York Central
Northern Central
Jan.
ePennsy., East of P & E
Jan.
E
eWestof
Jan.
Wash
Baltimore
&
Phila
Jan.
Erie
Philadelphia
Jan.
St Louis
Jan.
Pitts Cin Chio
Deo.
Rio Grande Junction
Jan.
Texas & Pacific
Jan.
Wes Jersey & Seashore
to
to
io
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
t
P&
&
&
Previous
Current
Year
Period
Jan.
Atlantic
Birmingham
Bellefonte Central
Cl O. O. ift St. Louis
i
;-.,• 3.13 6,600
92,500
216.491 8,959.681 7,820,042
1,235,558 12.834.832 12,392,134
652,461 7,100,935 6,929,481
2,020.949 25,029,370 24,337,138
41.073
42,328
4.336
34.004,157 31,900,074
2,956,9
3.347.091 33,363,715 32,225.017
6.304 661 67,367,8- 2 64,125,091
187,552 1,426,419 1,364,309
539,293
523,753
46,346
19,059
17,545
9.068
3.025,225 40.289,096 41,575,874
2,491,686 2,414.451
l6:V,052 1.172.472 1.219.019
2.642,320 35,319,4-0 32,874.767
281,777
307.741
138,067
1,056,860 12,439,408 11,720.213
1,290,045
30>
1,380,327
103,
7,518,833 87,659,881 86,057,010
844.537 1,747,025 1,647,718
6,930
11,525
6,936
319,708
336,520
163.121
159,270
149,989
10,000
264.730 3,448,960 3,252,652
43,642
43,063
19,373
121,754
132,044
61,652
666,089
657,959
58,577
4,551,769 54,105,188 50,661,862
348,679
51,196
66,460
403,489
341,140
350,850
107.902
Wm'sport&N.Br. May
Inc. $3i
May- 31
Apr. 30
Year
9,185
$653,930 $602,446
342,837
500.030
May 31
29,455
29,480
June 30
June 30 10,154.800 9,999,822
May
31
July 11
July 14
June 30
May
31
June
;;o
May
May
31
31
July
1
June 30
July 14
July 14
July 14
July 14
June 30
May
May
May
May
May
31
31
31
31
31
June 30
May 31
July 14
May 31
1,090,106 1,239,103
2,998.479 2,574,942
3,4-4,880 3,480,243
2,277.854 2,325,228
186,174
197,537
35,962
41,595
76,686
85,002
2,717.159 2,989,146
3.133,800 3,150,300
610,016
618,1-17
20,426,616 20,809,911
846,250
819,973
21,246.589 21.656,161
6,516,571 6,304,814
39,189,563 36.472,803
4,062,392 3.985,592
50,916,917 46,918.117
Inc. 2,5 05,700
5,803,994 5,366,294
2,893.289 2,756,297
12.538,925 11.618,160
262,610
260,034
5.968,729 5,756,49a
1,414,728 l,368,82 g
i\GS— Weekly and Uoutlil).
]
MONTHLY SUMMARIES
Current Year Previous Y^ar
$
$
7,900,475
10,152,570
7,396,318
7,667,810
7,591.421
12,098.498
7,601,132
7,936,328
7,911,463
11,003,290
7,375,914
7,617,430
I
.
North'u
AGGREGATES OF GROSS EA KIN
3d week Apr. (43 roads)...
Current
Year
51,598
"
WEEKLY SUMMARIES
Week
or Month.
Mob Jack A K C WkJ'nel7
Gulf&Chlc Dlv
66.277 2,563,773 2,416,966 Mobile & Ohio... 2dwk July
•
Jin
61,154
Allegheny Valley May....70,77'1
74,150
2uwk July
33,728
31,159
Ann Arbor
5,845,2-0 5,338,4*3 62,495.233 63.053,732
A tch Top & 8 Fe. May
293,680 270.300 3,098,189 2.970,850
Atlanta & char.. April
619,244
54,710
919.38
81.546
Atlantic &Blr... May
2,002,103 1,622,735 20,170.184 18,780,784
Atl Coast Line... May
152.494
15,204
150,438
16,441
Bait <b Ann S L.. May
June
5,768. 103 5,381,898 67,689,997 05,071.080
Balt& Ohio
1,858,990
189,373 150,332 1,967,05
Bangor & Aroosl May
66,401
56.941
4,653
5,634
Bellefonte Cent'l June
37,291
37,958
2,841
2,933
Bridgt i&Baoo K. April
293.184
314,460
BullRoch& Pitts 2dwk July 167.S05 146.592
881,737
84.332 1,028,886
104,348
Bultalo ifeSnsq... May
149.516 138,129 1,541.199 1,470.968
Oal Northw'n. ... June
127,900
175.500
67.600
91.800
Canadian North. •id wk Jily
Canadian PacltU 2dwk July 1,024.000 977,000 2,027,OuO 1,989,001)
2dwk
395,750
338,900
167,400
Georgia
July
195,550
Cent'l or
2,113,292 1,924,915 20.673,520 19,795,680
Cent'l of N Jersey May
4,200
4,653
2,530
2,058
Ohattan SoutU'n. 2dwk July
1.802,480 1,617.942 18,877,815 17.559,808
Chesap & Ohio... May
852,282 842.928 10,880,984 10,469,684
Chic & Alton Ry. May
230,*56
272,20
140,258 113,957
Chic Gt West em. 2dwk July
221,4:10
206.012
99,823
CkioInd&L'v... 2dwk July 114,405
4-<9
44,464,135
3,900,554 3,531,435 15,643,
Chio Milw & St f May
May
4,603,857 3,835,909 50.700,457 48.954,075
Chic & North
888.973 795,037 10.936,050 10,586.591
ChJcStPM &G. May
62.227
58.309
32,058
31.117
Chic Term Tr RK 2dwk July
120,752
121,097
CinN O&TPac. IstwkJuly 120,752 121.097
22.296.08S
21,069.954
June
.
1,852,355 2,038,743
CI Cin Oh & at L.
202,804 250.1V0 2,617,627 2,785,119
Peoria & East'n May..
238,821
111,026
262,459
Colorado & South 2dwk July 124,647
14.266
216,872
210.303
18,465
Col New l» & Lau. May
562,729
466,453
5 s, 07 9
44,979
Copper Range.... May
May
89,803
68.422
21,683
6,612
Cornwall
250,099
222,827
21,121
Cornwall <fel,ob.. May
33,359
659,400
574,600
Denv.&RioGr... 2dwk July 344,900 292,800
894.353
83,535
85,303
904,187
Detife Mackinac. 'May
38,520
29,336 1.335,309 1,392,947
Detioit To). &Ir ithwkMaj
112.849
56,369
53,472
102,684
DulSoSh&Atl.. 2dwk July
May....... 4,135,108 3,869.030 41,396,863 41,108.528
Erie
34,346
32,992
2,344
2,857
F'rchild&N'r'e'n May81.257
9,298
.,
8,206
76,736
Farniv & Powhat May
May......
56.691
647,850
Gl.
55.325
614,438
Fon Johnst&
205,075 152,566 2,312,340 2,321,575
FtW&DenvCity May
way
197,322 169,484 2.289,521 2,259,655
Georgia RR
130,697 134,148 1,700,887 1,693.541
Ga South & Fla.. June
Gr Trunk System 2dwk July 701,866 681.941 1,397.792 1,394.523
96,143
98.02.,
96,143
98.026
GrTr. West'n IstwkJuly
34,50l<
30,620
30,620
34,508
DetGr H&M.. IstwkJulj
3,560,945 2,933.517 41,608,431 38,64:i,428
Great Northern.. June
191,221 186,826 2,3*5,603 2,3i8,769
Montana Cent'J June
Total system. June ..... 3,752,166 3,120,343 43,991.034 40,962.197
41,315
35.799
41,315
Gulf&ShipIsland IstwkJuly
35,799
Hooking Valley.. May
526,486 391,008 5,485,541 5,243,629
June
Illinois Central..
4,006,517 4,024,226 49,404,472 46,831,136
278,919
Illinois Southern mne
26,432
25,161
254.066
1,793,653 1,615,814
Indlll& Iowa... June.
184,000
103,600
88,800
Int & Gt North'ji 2dwk Jul>
169,500
219,486
105,944 101,854
210,116
ttnteroc(Mex)... 2dwk July
2dwk Jul}
102,359
52,646
47,377
Iowa Central
91,022
Kanawha & Mich way
156,538 136,623 1,613.297 1,518,274
Kan City South' u May
564,480 537,852 6,091,412 5,985,446
4,923.617 5,096,211
LakeErie&Westn June
Lehigh Val RR. May
2,781,731 2,514,006 28,288,375 27,086,112
'...
425,200
Lexing & East'n. May
47,313
37,069
465,454
lliC
Inc. 160.800
Long Island ... May
636,301
May
84.102
Louisiana & Ark.
70,073
765,534
643.877
Louisv &. Nash v. dwk july 766,010 A; 668,130 1,467,810 1.Z73.585
Macon & Birm... June ..:..
8.753
8,929
132,075
132,428
Mania <te No Eas: viay.......
39,959
396,188
35,597
376,289
June
14,112
Manistique
8,115
89,045
76,289
Maryl'd &. Penru. May
30,044
25,735
297,481
283,419
Mexican Cent'l.. May
2,433,651 2.336,071 23,851,888 23,898,537
Mexican litem. May...
552,386 557,364 6,046.749 6,360,419
Wk J'ly 1 235.800 185,600 6,138,900 6,012,200
Mexican Ry
Mexican South' 4thwkj'ne
28.581
24,726 1,166,361 1,137,686
kHUen & So'w'n. March
7,402
5,819
Mineral Range.. 2dwk July
14,093
13,207
25,250
23,017
2dwk
Jult
Minneap it St L
66,599
57,366
129,172
111.084
8 St M. 2dwk July
170,252 142.640
331,447
275,018
Mo Kan <fc Texas 2dwtc Jul} 336,645 295,032
638,394
580,504
Mo Pac &, Iron Mi 2dwk Jub 737.000 653,000 1,339,000 1,254.000
Central Branch 2dwk July
33,000
24.000
54.000
43,000
~:dwk July
Total
770,000 677,000 1,393,000 1,297,000
.
BO ADS
Jul
$
*
60,361
51,598
Lamunq*
Latest ifross
Jrevious
Year
Current
Year
S
Ala Gt Southern. IstwkJuly
Ala N O & Texa- Pad He.
1
4 691,751 9-59 Month July
+542,667 5-62 Month Aug.
+432,446 6-21 Month Sept.
+503,481 7-02 Monta Oct.
+ 413,160 5-76 Mouth Nov,
+ 1.247.418 11-49 Month Deo.
+399.541 5-55 Mouth Jan.
Month Feb.
-r 435.989 5-81
+440,270 5-87 Month Mar.
1904
1904
1904
1904
1904
1904
1905
1905
1905
(125
(122
(124
(124
(124
(123
(116
(117
(118
Month Apr. 1905, (115
Month May 1905 (118
+391,044 3 68
+310,149 4-38
+ 669.570 9 64 Month June 1905
(
58
rds.)
rds.)
rds.)
rds.)
rds.)
rds.)
rds.)
rds.)
rda.)
rds,)
rds.)
rds.)
132,242,621
145,292,493
151,475,024
159,732,959
154,304.117
146,748,102
127.073,053
113.714,506
143.622.857
136,595.868
144,103,256
54,139,005
Inc. or
Dec P.O
$
$
139,712,599 —7,469,978 5-35
+734,020 0-51
144,558,473
147,338.536 +4,136,488 2-81
154,758.622 +4.974,337 3-21
140.909,476 +13.394,641 9*51
136,«89.640 +9,858,462 7-20
119.220,078 +7,852,980 6-68
117.2 .2,135
130.879. o46
127.237.317
129.712.739
50,961,464
—3.537.629 3-Oi
~
12,743.311 y/a
+ 9.358.551 7-35
+ 14,390.517
11*09
+3,177,541 b'2J
b Includes the Hoas. Je Tex. Cent, and its subsid. lines in oota years.
e Covers lines directly operated,
g Includes
J Mexican currency,
the Chicago & Eastern Illinois In both years.
* Atlanta Knoxville & Northern inducted In both years since April 1; It had previously been
Inoluded In 1905 sinoe Jan. 1.
_ _l
_
__ __
.
_
..
July
.
THE CHRONICLE.
22 L905.]
i>51)
—
natesl bt'«m« huoiu^r oj Weeks. In the cable wo. ion
follow! we sum ap separately the earnings for the second
The table coven 35 roads and shows
week of July
cent increase in the aggregate over tha
9 64 per
same week
last year.
2d week of July.
Buffalo Rocb.
St
Plttgh
*
3I.15C
167, 80f
1
'
91.800
1,021.000
195.5.M
2.058
Chattanooga Southern.
Chicago uroai Western
140.25*.
Ohio. Infl'pllB A Loulsv.
Chlo, Term. Transfer
=
114.40
S2.0SP
124,647
341.901
A
Southern...
Klo Grande
Doluth So. Shore <* Atl.
Colorado
Denver
A
1904.
1905.
.
Grand Trunk of Can...
Grand Trunk West
56,20'
Increase
$
:
33.728
146,59'
67.600
977,000
167,400
2.530
113.967
99.828
31,117
lll,02f
2.569
21,218
21.200
47.0H0
28.150
53,472
52.10<
2,897
292, HOC
>
N
701,866
681,941
19,925
International A "' w «Interooeanlo of Mexico.
103.600
10\944
14.800
4,090
A
Nashville.
766.0U
Minneapolis A St. Louis
Minn. St. P. A 8. Ste. M.
Mo. Kansas A Texas
Mo. Pacific A Iron Mt».
66.599
170.255
336.64^
737.(00
33.000
146,0 6
212.650
88,800
101.854
47.377
6^8,130
18,207
67.366
142,640
295,032
653,000
24.000
108.221
201.315
Hav.AMUw.
K2.640
Lonlsvllle
14,09:-
National KK. of Mexloo
Bio Grande Southern..
Bt. Louts Bourn western.
Texas A
10.95,
Paolflo
Toledo Peoria * West'n
Toledo St. L. A West
—
Waoach
.
.....
WheeUcg A Lake Erie..
Net lnorease 9 61 p
o
M»«M
•
*• *••
VSSM
9,038
138,06:
156,977
910,74*
171,10
23.233
61,794
403,489
107,902
844,53"
163,121
19,378
61,652
455,917
76,197
7,617,430
6,947,860
..
886
• •••
37.80.*
•
••
„„
52,428
31,706
35,469
over the same week last year.
1905.
Prfirloualy rep'd.35 rd'si
Gt. Bouthern..
Uln. N. O. A Texas Pac.
Alabama
Net Increase
(4-38 p.
1901.
Increase
8
$
$
7,141,961
60,361
120,762
41,315
11,525
6,850,33P
51,698
7,375,914
7,065,765
375.214
8,76o
Decrease
S
83,588
12 ,097
3ci,799
6,936
c.)..
345
5,516
4,689
394,08V
310.149
3i
1
1
ear.
1
B
8
763,562
660.127
152.701
9,384,096 8,728,513 2,493.083
9,336,862
977,924
8693
def.1,664
111,263
5,386
Jhesap. A Ohio. I). .May 1.802,480 1,617,942
July 1 to May 3 1.... 18,877,815 17,559,808
658.665
9,745
120,431
,
Previous
in-.
31/32
1,978,061
840.436
8,784.887
fW.923
d
1.5,333
6.760,80 8
532.848
5,906.995
852,282
842,928
283,14 2
31.... 10.880,984 10,469,684 3,574,610
207.110
A Alton .a May
May
3,296,226
609,812
686.531
ihlo.Gt. Wesfn.b May
166.482
166,812
7,006,686 7,693,7 87 2,017,362 1,957,639
July 1 to May 31
496,807
451,773
170,3f0
Ohio. Ind.ALotiie.a May
1 56,562
July 1 to May 3i.... 5,116,611 4,855.973 1,813,186 1,742.797
3,900.554 3,531,435 1,058,348
Ohio. M. ABt. P. a. May
703,760
46,613,489 44,464.135 16,161,861 15,356.004
July 1 to May 3i
July 1 to
136,509
134,646
50,443
44,468
514,877
458,682
Ry. Byatem below.
527.332
575.054
1,708,617 1,661,845
PeorlaAEas'n..b.May
202.804
260,120
29,541
60,516
221,669
Jan. 1 to May Si..., 1,090,106 1,239,103
284,826
648,866
884,203 dl34.545
Oolor'do ABonth.b.May
d73,Oll
6,627,795 5,251,990 dl,495,411dl,30i;962
July 1 to May 31.
18,465
14,266
Oolum.Newb.A L.b May
181
325
216,872
210,303
46,921
50.423
July 1 to May St....
44,979
May
58,079
27,626
Copper Range a
13,962
562,729
466,453
228,558
141,896
July lto May 3l ...
May
21.683
6,612
12.539
Cornwall. b
2,574
89,803
68,422
37.795
20.564
July 1 to May 31....
S3.359
21,121
Cornw'llALeban.bMay
17,803
9,631
256,099
222,827
112,053
100,651
July lto May 3*....
538,156
519,883
Den.ARloG'de to.. .May 1.447,360 1,318,682
July 1 to May 3 1.... 15,489,136 15,046,266 6,201,726 5,735,951
85,303
83,535
9,277
19,867
Detroit A Maok'e.aMay
894,353
904,187
264,269
285,891
July lto May 81....
252,279
181,925
62,695
52,119
Oul. Bo.Sh.A Afl.b.May
790,905
700,451
July lto May Si.... 2,451,899 2,296,336
May ? 4,135.108 3,869,030 1,319,214 1.503,191
Erle.a
July lto May Si. ...41.396.8S3 41,108,528 10,891,930 10,627,198
545
2.344
2,867
677
Falroh. A N. Enst.bMay
34,346
82,992
10,859
9.114
July 1 to May at.
2,164
8.206
9,293
Farmv.APowb'n.b May
1.412
81,257
76,736
7,493 def.2,316
July 1 to May 31....
55,325
56,691
24.195
25.320
Fon.Johnst. A Gl.a.May
647,850
614,438
303,621
285,028
July 1 to May 3i....
16,437
Bt.W.ADen.o:ny.l>May
205,075; 162,566
20,449
531,278
697,516
July l to May 81.... 2,812,340^2,321,575
50,711
197,322
169,484
25.109
May
Georgia RR.a..
679.006
640,425
July 1 to May 81.... 2,289.524" 2,259,655
Georgia South. & Florida— See under Southern Ry. System below.
',2,463.422 2,429,843
900,303
893,976
ttr. Trunk of Can. .May
July lto May 3i.... 25,983,157 25,110,007 7,610.122 6,845.626
448,205
86,498
107,063
357,687
Gr. Trunk West.. May
699,379
691,074
July lto May 81.... 4,686,339 4,913,139
12,166
973
83,217
97,816
Det.Gr. H. A Mil. May
230,356
341,878
July 1 to May 3i.... 1,319,378 1,134,784
46.347
44,004
149,(96
163,061
Gulf A Ship Isl'n.a May
429,842
565,784
1,710,831 1,683,4.36
July 1 to May 3i
162.156
123,797
526,486
391,008
Hooting Valley .a. May
July 1 to May 3l.... 5.486,541 5,243,629 1,767,198 1,707,375
667,174
876,820
3,821,078 3,794,563
Illinois Central. . .a. May
July 1 to May 3jl. ...45,397,955 42,806,910 13,264,668 10,870,980
1
to
.
*•*•••••
For the first week of July our final statement covers
39 roads, and shows 4*38 per cent increase in the aggregate
1st \oezk of July.
May
Vet 1 atlliltgs.
Current
May 81.... 1,399,832 1,440,107
Cln. New Orl. A Tex. Pac— See under Southern
1,758.775 1,775.884
Ul.Oln.Ohl. A St.L.bMay
Jan. 1 to May rfi.... 8,302,445 7,961,078
9,233
725,035
669.570
1 to
ear.
Oent.of N. Jersey. b. May 2,113.292 1,921.915
July 1 to May 81.... 20,673,526 19,795,680
July
6,26V
ll.'SS
1,884
18,910
66,209
7.986
3,850
142
Georgia* May
Ohlo.Ter.Transf.b.May
97,880
27,612
41.618
84,000
9.000
Jnly
Jhloago
472
26.301
14.582
941
13.621
lent. of
1
B
Iioads.
Uhatt'n'ga Bout h. a June
July 1 to June So....
*
}
. .
Det.Gd
Otcreutf.
—
ross Earnings.
nl
Pn 11 .us
m
Tier.
( '11
83,933
—
Net Earnings Monthly to Latest Dates.— The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character, and in that form is given once a month, Early
returns are published from week to week, as soon as issned,
but for the convenience of our readers all the roads making Interooeanio Railway of
..May
Mexloo
returns are brought together here in the week in which we
Jan. lto May 81....
publish our monthly article on net earnings— say about the Iowa Central. a... May
July lto May 3i....
20th of the month.
Kanawha A Ml nb. a May
Xer Earnings.
Gross Earnings,
July lto May 81...
—
—
—Current
Previous
Tear
8
Roads.
<
Previous
Year,
Current
Tear
8
8
8
Tear.
Alabama Great Southern— See under Southern Ry. System below
Allegheny Valley. May
60,515
Ino.
61,154
Ino.
Jan. 1 to May 31...
Inc. 329,185
Ino. 337,819
Ann Arbor, b
48.468
May
146,376
179,791 def.3,385
July 1 to May 31... 1,769,453 1,808,341
493,538
648,497
At«h.T.AB. F*.r...May 5,845.289 5,338,483 ti,774,913 fi.816.5g3
May 81.—
62,495,233 63,053,732 121,165643 124,379652
63,970
293,680
270,300
42,783
Mar. 1 to Apr. M>....
169,944
653,930
602,446
173,263
Atlantio A Blr H K. 11 May
16,176
19,163
81,546
64,710
192,065
July 1 to May HI ._
270,343
919.381
619,244
Atlant Coast 1. a.. May 2.002,103 1,822,735
660.668
727.281
July 1 to May 81... 20,170,184 18,780,784 7,313,406 7,050,416
July
1
to
AU'ta A Char. A. L.» Apr.
Baltimore A Annanolis
Short Llne.a ... May
4,882
15,204
48,472
152.494
5,381, B98 1 854,804
Ohio Cob June
1 to June 3o
67,689,9.(7 65,071.080 22,979,393
BangorAArooar't hMay
62,404
150,332
189,373
712,576
July 1 to May
1,967,053 1,858,950
2,202
BellefonteCent.b June
4,653
5,634
Jan. 1 to June 3u
9,326
29,455
29,480
333
Brldgt. A Baco R.b Apr.
2,841
2,933
11.405
July 1 to Apr. j<>
37,291
37.958
269,241
Baff R A Plttbs.b May
626,191
769.447
July 1 to May 3i
7,426,042 6,811.127 2,803,940
39.170
BaflaloAB'Bqonh.a.May
104.318
84,332
340,583
July 1 to May 31.... 1,028,8-16
881,737
39,754
California A N. W.a.May
133,8)5
130 271
357,261
July 1 to May 3i
1,891. 6-13 1,332,8-19
100,603
Canadian Nonh'n.. May
276,100
349,100
July 1 to May 3i
3,4-2,*00 2,827,200 1,126,200
Cmadlan Paolfio.a May 4,229.131 4,113626 1,887,935
July 1 to May 3i
46.061,854 42,052,267 13,972,! 56
July
Bait. A
July
1 to
May
3
1
;i 1
.
.
16.441
0,438
5.768,103
1.'
4,416
50.168
1,861,60
21,443,216
53.818
700,426
1.V37
7,236
def.210
11,682
238,494
2,811,782
3\098
306,324
27,773
240.501
74.200
917.500
1,391.585
12.7o3.194
593,942
527,143
2,720,642 2,728,663
178.219
207,375
2,361,371 2,178,078
136,623
156,538
1,613.297 1,518,274
537,852
564,480
Kan.Clty8onth.a..May
July 1 to May 81.... 6,091,412 5,985,446
Lehigh Valley RK.b May 2,781.731 2,514,006
July lto May 31 ...28,288,375 27,086,112
37,069
47,313
Lexlng'n A Earn. b. May
465,454
425,200
July 1 to May Si....
Ino.S T 160,8CO
Long Isiandb
May
Ino. £636,301
July 1 to May 31...,
70.073
84.102
LoulB'na A Arkan.aMay
643.877
766,534
July 1 to May 3l...,
Louis v. A Naar> v . b May 3,206,274 r 2,920,407
July lto May 3i ... 35,351, 671 L 34,310.966
35,597
39.959.,
Manistee* No. E. a May
166,174
197.537
Jan. 1 to May 81....
8,115
14.112
Manlstlque.b. ... June
35,962
41,595
Jan. 1 to June 30 ...
25.735
30,044
Maryland &. Penn May
85,002
76,686
Mar. lto May 81....
2,433 «6l !2,3S6,o:i
• Mexican Cent ....May
July lto May 81... 23,861. 888:23,898,537
652,386. 667,'-i64
c Mex. Interrtf»t'l...May
Jan. 1 to May 81..., 2,717, 159 i 2.989,116
5,819
7.402
Millen A Bouthw.a..Mar.
62,405
62.121
Mineral Range b. May
534,606
627,041
July 1 to May 31
253.521 » 197,311
Minn. A St. Com «. a May
July 1 to May 3i... 2,766,610 2,609.971
672,9fi7fc 489,229
M.St.P.AB.B. M.b May
July 1 to May 31 .. 7,925,773; 8,341,670
Mo. Kan. A Tex. a... May 1,667.725 1,331,847
July 1 to May 31 ..18.642,912 16,366.797
Mo. Pac System. h. May 3.6U.290 3,289.412
Jan. 1 to May 3 1.... 16,612,237 17,125,966
Mobile A Ohio— See under Southern Ry. System
H.«,0,659
855.127
Naah. Ch.ABt L.b. .May
July 1 to May 31.... 9.282.415.9,340.603
.
)
.
.
.
)
10P.256
657,163
r39.827
r339,010
31,393
222,170
104,130
1,682,592
al.079.6X7
139.379
739,946
T28.972
r389,686
35,313
221.567
14S.578
1,664,797
8904.423
all, 159,483 »9,953,779
17,257
9,915
138.197
107,111
Ino. 136,850
Ino. 600,563
29,076
36,383
191,158
294,248
811.807
836,039
11,330.807 10,939.572
14.241
14,411
69,601
77,406
def.682
5.871
3,892
6,518
6.173
9,840
20,045
27,890
622,736
946.369
7,834,354 5,891,811
217,220
211,522
1,041,512 1,271,145
def 13
2,299
12.135
8.»t2
63.411
167,503
V50.P88
V75.500
V996.034
216, 4H9
3,837,692
447.047
4.HJ4.647
1.057 828
3,694,889
below.
17*-°63
2.891.705
V971.348
172.443
2,929.111
406,697
4,8
8,116
679,497
4,072,928
189.«34
2,3*8,035-
THE CHRONICLE
200
Gross
—Current
Previous
Year.
Year.
Iioad8.
cNat'l RR. of Mex..May
Net
Eariii»f/x.-
,
$
997,369
Earnings.—*
Current
)
ear.
%
Previous
Year.
$
353,017
373,801
Jan. 1 to May 91...,
4,962,935 1,646,178 1,574,833
Nev.-Cal.-Oregon aMay
8,258
18,454
10,573
July 1 to May 3j..„
65,171
200,140
174,051
90,702
Nevada Centra]. ..May
301
1,241
3,184
1,859
July 1 to May 31...,
4,331
82,012
12,076
27,617
150,696
N. Y. Out.A West.aMay
221,116
€69,634
570,497
July 1 to May 3i
6,416,725 6,010,110 1,813,200 1,355,366
130036
N. Y. Sua. A West.a May
245,663
249,674
86,572
959,767
July 1 to May 31 .., 2,485,707 2,398,279
868,630
Norfolk* West'n.b May 2,?23,0<>3 2.013,60 5
817,869
836,166
July 1 to May 3i
21,920,416 20,825,079 8,588,490 8,304,061
Northern Central bMay
266,907
216,507
956,565
901.865
Jan. 1 to May 3i
649,569
457,269
4,062,392 3,985,592
Ohio River A West May
8,500
16,981
3.673
18,405
July 1 to May 3i
4^,984
39,650
182,765
191,305
Pacific Ooast Company -See Miscellaneous Companies
1.073,436
5,099,630
20,769
.
Pennsylvania—
Linen directly opera ted
JEastofPltts.AF May 11,519,338 10,103,138
3,706,8^4 3,316,164
jJan. 1 to May 31. ..50,916,917 46,918,117 12,416.458 11.116,858
Inc.
In;. 2C9.5C0
Westof Pitt* A K.May
892,500
Ino. 2,505,700
Inc. 601.200
Jan. 1 to May 31...
395,887
Phil. Bait. A Wash. bMay
1,346,358 1,235,558
436,387
Jan. 1 to May 31 ... 5,803.994 5,3c6,294 1,211,725 1,095,525
2*i6,306
Phlla.A Erie. b .. May
732.799
652,461
266,925
662,834
Jan. 1 to May 3i.... 2,993,28* 2,756,297
575.281
586.368
563,211
Pitts. O.O.&Bt.L.a June 2,241,342 2,020,949
Jan. 1 to June 3o.... 12,538,925 11,618,160 2.626,158 2,471,888
1.644
Raleigh &0. Fear. aApr.
2,408
4,809
4,336
July 1 to Apr. 3o....
41,073
13.630
18,253
42,328
Reading Company—
Phila.&Read'g.b.May
3,550,477
2,956,970
1,522,398
May 3 ....34,004,157 31,900,074 15,461,894
Ooal&IronOo.b.May 3,642,048 3,347,691
325,463
July 1 to May 3 1... 33,363,715 32,225,017 2,379,110
Total both Co. '8. bMay 7,192,525 6,304,661 1.847,861
July 1 to May 31.... 67,367,872 64,125,091 17,841,004
107,574
Reading Co. h
May
July 1 to May 3i
1,276,304
July 1 to
1
—
Total allCo.'s b..May
July I to May 3i
Rloh. Fred, & Pot, May
July 1 to May 3i
Rio Grande Jn not. May
1,955,435
19,117,308
90,713
187,552
478,887
1,364,309
46.346
k' 6,337
1,119.284
12,459,130
328.596
2,862,518
1,447.880
15.321.b48
120,830
1,300,614
1,568,710
16,622,262
74,452
455,365
200,710
1,426,419
kl3.904
54.457
k78,O09
k78,782
260.034
262,610
Dec. 1 to May 3i
RIoGrandeBoatto.mMay
38,622
37,9 53
13,247
14,731
437,453
423,624
205,606
177,324
July 1 to May Si.,..
766,492
457,655
Rook Island By >t.. a. May 3 498 374 3,025,225
July lto May 31.... 40,289,096 41,575,874 10,526.921 10,934,137
103,052
35.960
116,265
20,334
St. Jos.&Gd.Isl.b.May
274,946
214,531
July 1 to May 31.... 1,172,472 1,219,019
& Ban
Fr. (lnolud.
744,887
Iin.a.. May 3,02?,48S 2,642,320
762,816
July 1 to May 31. ...35.319,480 32,874,767 11,291,634 10,600,383
St. L.
Ohio.
&E.
672.964
558,461
167,922
102.78;*
St.LouisS'west.b.May
July lto May 31... 8,160,772 7,091,587 2,447,632 2,134,416
374.881
i98,<<90
Seaboard Air Line a May 1.221,594 1,056,860
July 1 to May m... .12,439,408 11,720,213 3,696,663 2,879,915
Southern Indiana. bMay
103,683
99.843
38,431
39,802
537,168
512,746
July 1 to May 31... 1,273,579 1,186,740
8,354,252 7,518,833 2,737,392 2,372,423
1 South. Pao.Co.a..May
July 1 to May 3i... 87,659,831 86,057,010 27,511,938 25,880,588
Southern Rail way Byst.—
254,526
277,976
43,287
Ala. Ot. South. a.. May
45,008
3,036,362 2,838,560
557,922
584,156
July 1 to May 3i
643,351
155.101
610,511
©in. N. O.&T. P.a.May
153,640
July 1 to May 3i.... 6,736,913 6,194,858 1,580,673 1,461,894
137,476
129,544
26,372
22,815
Oa. South.* Fia.aMay
362,392
1,570,190 1,559,393
392,163
July 1 to May 3i
169,9fi7
652.044
192,538
Mobile & Ohlo.a..May
715,975
7,543,951 7,112,500 2,416,367 2,200,131
July 1 to May 31
807,516
686.663
Southern Rallw.aMay 3,850,972 3,532,129
July 1 to May 3i ... 44,316,033 41,659,929 12,172,300 11,194,810
5.282
May
50,529
40,017
Texas Central a
3,479
768,895
698,382
267,731
July 1 to May Si....
182.946
t. a. May
268,832
264,730
26,121
65,194
Toledo * O.
3,448,960 3,252,652
764,262
679,414
July 1 to May 31
107,922
110,043
27,981
Tol.PeoriaA West. b June
25,163
253,073
278.735
July 1 to June 3o.„.. 1,281,192 1,308,716
UnionPao. Syst.a..May 4,716,870 4,551,769 2,052,239 1,933,570
July 1 to May 31. ...54,105,188 50,661,862 25,146,877 22^92 IJ421
65,829
46,250
14,429
Virginia &So'thw.bMay
17,190
610,033
557,356
239,458
178,486
July lto May 31 ...
May 1,860,198 1,889,104
186,833
451,824
Wabash. b
July lto May 31. ...22,761,737 20,995,563 8,894,582 4,795,987
341,140
313.411 gU7,635 gl22,668
WeBt Maryland.a..Apr.
July 1 to Apr. 3o.... 3,195,387 2,999,816 gl,172,032gl,080,589
350,850
342,850
86,717
W.Jersey* Beash.bMay
76.017
195,377
Jan. 1 to May 3i ... 1,414,728 1,368,828
130,177
428,780
309,005
111,024
Wheel. &L. Erie. b. May
13,348
828,066
972,598
July 1 to May 3t.... 4,119,598 3,963,438
14,922
14,908
3,816
Wmsp'rtA No.Br.aMay
1,260
154,807
153,698
46,058
23,382
July 1 to May 31....
594,899
518,445
217.031
192,040
Wisconsin Cent'l. bMay
6,085,119 5,921,036 2,056,743 1,891,797
July lto May 31
X12.581
X 10,968
2,439
WriKhtsv.A Tenn.bMay
1,585
X178.434 X 162,270
64,822
44,806
July 1 to May 31
599,460
581.444 eef.49,409
39,879
Yazoo A Miss. Val.a.May
July 1 to May 3i.. M 8,105,898 7,303,564 1,891,481 1,702,939
.
—
On
—
after deducting taxes.
to Net earnings here given are before deducting taxes.
Tile These figures are in Mexican currency, and are convertible tntc
gold at the current rate of exchange.
dNet, after deducting taxes Is $113,168 ana $54,134 for 1905
and 1904 respectively for May and $1,269,263 and $1,072,433
for period from July 1 to May 31.
g For April other Income and net profits from ooal, etc., were $31,97o this year, against $21,341 last year and from July 1 to April 30,
$580,579 this year, against $5l'4,68;J last year.
a Net earnings here given are
[Vol. lxxii.
1 Houston * Texas Central and its subsidiary lines are included.
These figures include results on the Buffalo * Allegheny Valley
J
(Mvislon in both years.
k These figures represent 30% of gross earnings.
rPor M*y additional income is $5,838 this year, against $2,696
From July 1 to May 31 additional Income is $52,004 this
last year.
year, against $37,485 last year.
Inolndlng other lnoome, total income (exclusive or results of ooal
companies) for May Is $1,138,168 in 1905, against $905,494 In
1901, and for period from July 1 to May 31 is $11,696,428 in 1905,
against $10,410,312 In 1904. Deductions from total Income for additions and Improvements were $115,917 in May, 1905, against $157,667 in 1904, and from July 1 to May 31 were $1,190,218 in 1905,
against $1,134,333 in 1904.
v For May additional lnoome is 89,745 this year, against
19,613 last year. From July 1 to May 31 additional lnoome is
$116,567 this year .against $114,852 last year.
x Includes $404 "other lnoome" for May this year, against
*3H4 lapt year and for period July 1 to May 31 $4,329 this year.
against $4,484 last year.
t For
M*y, 1905, taxes and rentals amounted to $191,303
against +211,855, after deduoting which net for May 1905,
was $1,5 81,6 0, against $1,604,723. From July 1 to May 31,
1905, net after deducting taxes and rentals is $19,134,770 this year,
against $22,211,829 last year.
Interest Charges and Surplus.— The following roads, In
addition to their gross and net earnings given in the foregoing, also report
charges for interest, &c, with the surplus
above or deficit below these charges.
,
Roads.
Int.,
Rentals,
etc.
— ,—Bal.of Net Eam'gs.—.
,
Current
Previous
Current
Previous
Year.
Yen,
Year.
Year,
$
$
$
26,833
305,619
16,204
164,303
46,9i2
512,173
543
5,430
20,153
214,691
27,725
298,283
$
A.nn Arbor
May
30,380
July 1 to May 31....
327,033
Itlauuc&Birrn
May
9,167
July 1 to May 31
83,792
Bangor & Aroont'k.May
46,201
July 1 to May 31
513,639
Bridgt. & Baco Riv. Apr.
643
July 1 to Apr. So....
5,164
Buffalo & B'sqneh. May
15,570
July 1 to May 31....
141,820
Calif orn la & N
May
27.038
July 1 to May 31....
289,b26
Oent. of N. Jersey. .May
11701,252 _fl597,087
W
July
I
to
May
. .
3l....1T6,773',35l
H5,8O7>20
*637
*18,572
"293.838
*175,396
2 969
7,009
106,0*0
108,273
15,492
7,617
200,403
186,-87
def.210
def.753
6,975
6,518
*34,413
-35,406
*296,b91
"316,498
12,029
735
68,973 def.49,125
27*5,672
243,349
3,063,511 2,927i008
Chicago Gt. We«''o. May
cl72,267 C170.174 def.5,785 def.1,862
July lto May 31 .. cl,891,332 cl,805,P58
126,030
151,681
01ev.Oin.Ch.<* "!.i. May
333,407
325,272
"200,795
*259,516
Jan. 1 to May 3l..„ 1,643,273 1,604,808
*9.,244
*125,064
Peoria & East
May
44,589
44.592 def. 15,04 8
"15,965
Jan. lto May 3i....
223,798
222.982
*def.70l
"6,285
Copper Range
May
8,437
19,189
8,437
5,525
July 1 to May 31 ...
92,fcll
86,123
135,747
56,773
Cornwall
May
4,661
120
7,878
2.454
July 1 to May 31
5,282
4,299
32,51.1
16,265
Cornwall & Le^an. May
4,126
4,175
13,677
5,356
July 1 to May 31...
44,474
45,291
67,579
55,360
Den & E.Gr&no* May
*196,?39
t344,394
t344,452
"180.159
July 1 to May 3i .1 t3,786,821 13,631.599 "2,611,683 "2,265,128
Dul. So.Sh. & Ad. May
85,841
88,641 *df.?i, 2*5 *df.35, 123
July 1 to May 81 ...
996,340
975,057"df,190,990*df. 264,106
Georgia RR
May
"815 "def.26,932
a51,093
a52,795
July 1 to May 31.
a 565,512 a572,854 "155,933 '140,395
Gulf* Ship Isl ..May
"19.774
26,768
25,192
*19,785
July 1 to May 31 ...
280,439
243,415
*154,970
*333,189
Hocking Valley ...May
66,254
*112,649
76,634
*57,8S7
July lto May 31....
821,688
894,615 "1,316,535 *1, 180,435
Kanawha & Mien.. May
*12,'584
20,259
"15,720
20,576
July 1 to May 3i ...
219.335
"10.703
226,440
*2,446
Loulsl'na& Arkan.May
14,610
*22.372
*20,364
11,350
July 1 to May 3i ...
128,110
112,217
"185,529
"100,474
Manistee* No. E.May
6,672
6.4C9
7.789
7.832
Jan. lto May 3i ...
33,360
32,045
44.046
37,556
MarviandA Poiin..May
3,833
2,875
6,007
3,298
Mar. 1 to May 3....
11,500
16.390
8,625
11,420
stlneral Range
May
9,446
9,446
*2.789
*def.263
103.918
"»6,es20 *df. 40,063
July 1 to May 31 ..
104,393
356,603
Mo .Kan. & Texas. May
346,829
80,444
59,868
July lto May 31 ... 3,894.072 3,672.305 1,000,475
695,811
148,942
Sasnv. Chat. m. L.May
154,354
26,121
35,280
July 1 to May 31 ... 1,649,284 1,655,740
742,421
732,315
flev.-Oal.-Oregon.. May
2,142
2,104
8,431
6,154
23,683
July lto May 31....
23,903
67,019
41,268
g59.S78
tf.Y.Ont.* West... May
g59,574
154,738
91,122
gti94,814 g633,792 1,118,386
July lto May 31.
722,074
Norfolk A Wesfn.... May
330,880
291,224
534,276
526,645
July 1 to May Si.... 3,426,392 8,008,804 5,162,098 5,295,257
.
<S>
Reading-
All companies... May
July lto
May
31
81oGrandeJanct..May
Deo. lto May 3 1....
tilo Grande South. .May
July
St. los.
1 to
May
31....
&Gr.Isl'd..May
July 1 to May 31....
Seaboard Air Line.. May
July 1 to May 31 ._
Texas Central
July
1
to
May
May
31....
Toledo* Ohio (Jen. May
July 1 to
rol.
May
31.
Poo.* West. ..June
July 1 to June JO....
Wmsport & No. Br.May
July 1 to May 31.
Wisconsin Central.. May
July lto May 31...
865,500
885,264 1,039,935
9,520,500 9,737,904 9,596,808
8,334
8,331
8,003
50,000
47,500
28,009
17,533
17,833 def.4,286
198,062
"14,603
198.239
21,744
20.284
14,216
234,536
214,14 J
40,410
246.130
238,194
"123,977
2,746,237 2,603,957
"966,778
2,583
2,583
2,699
28,416
28,416
239,315
86,686
38.719 def.*10,373
432,162
"384,365
411,487
22,576
23,003
5,405
286.153
277,186 df.33,085
2,750
2.833
1,066
31,054
30,578
15,004
"77,705
145,341
144,819
"437,901
1.605,090 1,603,914
;
After allowing for other income reoeivad.
683,416
6,884,358
5,570
31,282
"def.3,100
*df.l4,539
50
835
*df.37,578
"300,436
896
154,530
"33,595
"338,324
2,160
1,549
def.1,573
dof.7,196
"51,938
"333,516
—
July. 22
—
.
. .
THE CHRONICLE.
19<>5.
These figures are alter allowing for other income ana iur a. Ken.
and exchange The emu of $ 10,000 Is deducted every month fiou
surplus and plaoed to oredlt of Renewal Fund.
t
.
KARNIHOf!
Current
Previous
Tear,
Tear.
By-
Aurora A Sou. May
Wayne AWabasi,
Valley Traction, b
lavana Eleo. Ry.Co
'Tonolulu Rapid Tr
Companies.
1
9
9
June
Oct 1 to June 30
Cumberland Telephone A
374,'55l
Telegraph Co a.. June
Jan. 1 to June 3u ... 7 *44,860
1,130,297
Apr. 1 to Juue 30
Cuyahoga Telep.Co May
47,250
Edison Eleo. Ilium. Co. of
329,962
7,957
48.292
20.727
1,695
15.276
8.468
3,419
22,387
7,779
25,717
297,363
25,346
312,287
8,360
94,569
594
111,790
13,657
82,995
10,889
71,051
6,056
43.259
2.890
81,070
19.358
227,575
25,614
298,131
18,233
215,978
23,244
274.877
5,470
99,387
17,056
139,381
68,641
6,656
85,805
12,402
134,886
61,580
388.2ti0
354,273
27,897
325,241
129,465
1,138,695
23,718
258,442
109,205
1,014,100
Jan. 1 to May 31
El Paso Elect. Co... May
Fall River Gas Works
May
3i....
Houghton County
El. Lt.
July
1
to
(Houghton. M'ch.)May
Jan. 1 to May St
Lowell Eleotrlo Light
1
cMexloan
.
trio
May
Co
Jnly 1 to May 31
PaolO c Coast Co a May
July 1 to May 31
58,081
45,768
635,458
550,612
523,516
522,226
5,5:0,120 5,310,991
May
Jan. 1 to May 3i
United States Telephone
Co. (Cleveland). Apr.
E
Wllkeebarre Gas &
797. ;> s
I
8
19.072
90,260
38,787
14,985
24,975
52,979
Jan. 1 to Feb. 18....
15,696
Companies.
Cumberland Telephone A
Teleg. o
June
Jan. 1 to June 3o
Apr. 1 to June 30 ...
Year.
-Bat. of Net Earn'gs.—
Am.
Elgin
A
69,569
12,064
670
953
1,025
11,926
2,4:
5,212
3,282
206
Chic.
A
5,012
17,175
4,497
8,154
91,273
8.499
110,853
2,188
11.039
3.868
32,320
20,037
1,327
15,176
4,742
88.307
5,329
70,629
8,991
106,621
18,826
221.160
14,727
151,821
2,188
10 939
728
11,080
9,07 L
104,081
dl5,992
d79,185
702
7,893
5,838
9,206
18.557
Si otl
7,803
4,027
10.625
Railway
tockford
Belolt
-*an
•
dividend.
Marnxnji
an. 1
io Lai.it. Ihtu
Our'n
Pre*'* s
Ourrt»t
Tear.
rear.
leer.
||
Airtl
May
May
Part., e
Cln.Layton ATol.Ti
A
Llgh
(Muscatine, Iowa)
tr»v%o*
Tear.
9
8'.1*'
75. n «~
21,1
19,78(
139 56.' 12G 984 dl, 471,991 dl. -106,960
i37,.0<
180, y
52,07) 41,77fr
H3,t0i>
2622* 24,66
123,10.
32,7S> 2b. 52;^
35.320
37 22
7.9M
8,250
1,531.27.
147,63'- 329,07' 2,160,53
197.54b
210.806
60.63*
45,124
163,i51
53,21>211 97i
40,83
384.651
406, bl'.
66,1961,83*
•
Cleve.ASo.w.ir.Co
Cleve. Painsv. & E.
June
Detroit United Ky..i. 2a wkJnh
13,201
...
10,52"
7.86'
5<U24
48,65*-
44,18'.
237,37.'
23 941
22,8f«
100.84L-
:i2,9o:
t
136.337
17.5S»
439,074
83,156
382.C00
75,875
6,67i
82,759
28,184
li
330,271 312,70
29.43:25 001
418.55'. 348. 15f
69,69l
65,62(
April
May
May
60,871
13,09
32,^2.
18,86'
15.73.
March....
72.1-75
l,2"6,61l 1,209,047
134,269
115.000
1,839.524 1,610,925
324,280
271,002
45,90r
204,093
II.881
7.-.800
178,229
67,881
29.57P
159,843
15,18.'
14,46
68.249
59.256
7.014
22.750
20 878
186,861- 166,38, 1.111,355 1,056,838
264,o5!279,04
1,542,457 1,631,316
4i.02'
56,16:
256,822
195,611
248.201 2ii2,61( 1,285,875 1,176,487
7,7!}'.
18.60 r
80,504
47,2 U
13.94
85,163-
67,84!
113.76-
102,33:-
124,42" 113,89
10 93
7.87t
51.46!-
425.47!-
302.68*
703,44
567.42:-
35,8^*
39,01*
9,58
10,»lt
7,91
17,70
1587f
77,90
19,96<
18.26(
99.68.'
11.44.'
43,67-)
129.90
49,108
857,085
258,933
647,487
497,782
28,866
37,183
39,014
68,645
88,368
105,059
9,677
578,683
27,86
1,76
146,01« 122,79
10,23!
670,29*
14,15t
12,74
61,13'
56,565
65,68
61 12!
343,17'.
314,766
45,55(
33,41>
216,22;
155,973
14,76'
14,77*
45,48)
33,48
1,88'.
a.-
Heat A Pow. Co June
Fran. Oakland &
amna
(Brazil
A Po. Co
Elect.
Eleotrlo Co.
San Fran
Qlted of
50,56
16,23
,
& Mt. V.
June
76.69;
82,131
20860!- 197,84
122.10:
140,91
May
77,688 71,67:
May
32.67
34,95
51,74'.viay
46,63
May
25 57
23,09
148,63f
163,22*
May
20.V0
18,254
Wk Julyif 55,03'. 49,45'
lstwk July 101,«8< 89,237
6742,104 *27,732
599,407 574,96!
20,13
18.14
43.47
37.34i
1
Spanish silver.
I
These are results for properties owned.
1, 29 6,1 f 6
1,035,636
222,28*
204,134
445,651
987,92
402.696
931,115
794,224
342,207
144.557
212,201
tilM „
c-
Un'd Rys.of St. Louis
Vash. Alex.
WkJune2f:
Co
Cerre Hte.Tr.ALt.Co
-». ....
814,5^.'
873,264
163,92)
231,32f)
...
.-••
825.856
895.79)
78,325
83,73<
1,366,94- 1,219,085
2,269,75* 2,144,253
4.037,18'/ i,264.110
Z,830,98< 2,687,935
119,474
121,70V
224,268
257,424
a Deorease due to a strike and boycott.
b These are the combined earnings of all the constituent companies.
c These are results for main line.
d Figures here are from July 1.
e Deorease dne to the fact that the Louisiana Purchase Exposition
was open last year.
a These earnings lnolnde the Detroit United Ry., Detroit A Fort
Huron Shore Line and the Sandwloh Windsor A AmherBtbnrg Ry.
Railway Net Earnings.— Tin following table givta
Street railway gross and net earnings received
this week,
The last general summary which we furnish once
i month, and in which we bring together all the roads from
vhich monthly returns can be procured, was given June
Street
24,
2',
Chlo. hi
Citizens' Ry.
29,21.'
173894
293,858
892,738
the returns of
?,080
11,075
9,147
Mil. Elec
A Oak
.ioohester
!>
95
937
3,296
Blngbsmton Ry
Chicago
May
Rye Oo.Gen.— Roads
Light Co's
$
9
.
9,93
.
ol.Bowl.Gr.A8o.Tr
105.334
669,867
317,560
4,732
.
Burllngt'n (Vt.fTrat
Cal. Ga* A Electric.
Cent. Penn. Tract..
April
-Jorthwestern Kiev
)akland Traot. Conr
lean St. Railway.. April
>range Co. Traotlon
Peeks. L't'gAiRR. Co May
Pittsburgh MoKeesport A Greensb'g
PtHtsv. Onion Traot
Toledo Rye. A Light
Toledo A Western...
Toronto Railway ...
Twin City Rap. Trau.
111,957
736.374
342,749
9,655
*e**orM
Boston a Worcester.
72,6H
N»r.OhloTr.ALt.Oo
i orthern Texas Trac
Year.
3.350
3,456
Luten
Albany A Hudson
American R'ys. C(
84,6")
19,081
t
9
308,445
70.496
594,216
132,273
41,325
it;
&
Previous
STREET RAILWAY8 AND TRACTION COMPANIES.
Eahmiugs.
May
May
Ry
Year.
d Charges lnolnde sinking fnnd and preferred
Ukubs
Montreal Btreet
Tear.
Collieries
'.'ompany
May
Jan. 1 to May 3t
United States Telephone
Co. (Cleveland)... Apr.
Wllkesbarre Gas & K ectrlo
Feb.
Jan. 1 to Feb. 28
340,657
1 C3S800
j
31....
Electric
Light
Corporation
.. May
July 1 tt May ai ...
Minneapolis Gen. Eleotrlc Co...
May
July 1 to May 3i....
64.49133,298
35.13
411.Lt.HeatATr.Co
tfunole Hartford
SyraouseRap.Tr.Ry
Lowell
Pooahontas
*ad. (Wis.) Traotloi
let. West Side Elev
fll. Eleo Ry.ALt.O
Schuylkill Ry.Co....
iuraucon rtallwav.
'eattle Eleotrlo Co.
'onth Side Elevated
21,862
128,064
64,356
9,923
May
May
74.06'.
43,«3'
Lima EI.Ry.AJ_t.Co May
London St. Ry.(Caii May
Previous
24.199
July 1 to May 3i....
Sought on County El Lt.
(Hocghton, Mich (May
to
etc.
—
38.101
vfay
ehlgh Val. Trie. C
Street Ry. Dep
Eleotrlo Light Dop
Current
130.7H
Edison Elec. Ilium. Co. of
Brockton, Mane.. May
Jan. 1 to May Si
E Paeo E!eot. Co.. .May
Fall River Gas Works
1
Kansas City Ry. A Li
Lake Shore Eleo. By
Savannah
taxes.
$
Cuyahoga Teiep.Co. May
Jan.
Rottatx,
Current
<
Co
nternat'l Traot. C'>
System (Buffalo)..
aoksonvllle Eleo.Ck
Sao Paulo
ram. L't
Interest Charges and Surplus.
— Int.,
llfi.10'
39,66i
30.17'
June
13,233
29,182
a Net earnings here given are after deducting
c Figures given are In Mexican ourrenoy.
108.<.'4<
iw,7.'.:
Prevxox s
Tear.
n. Joseph (Mo.) Ry.
*o-
Feb.
trlo
35,709
9
15,70
28,50V
alO.99?
Lt.
•
Tear
Date
air*
1
127,19b
Pocahontas Collieries
Company
loustonEleo. 8t. R>
Illinois Traction Co
ndlanap. A East. R>
ndlanap. Ai Martins
vllie Rapid Tran.
ndlanapolts&Nortl)
western Traction.
i
320.9R2
77,852
638,667
173.884
138,071
April
to May 3i
Te'*i>b...Feb.
Mar. 1 to Feb. 8 ...
Mil wank. Gas L. Co. June
Jan, 1 to June 3o ...
Minneapolis Gen. Eleo-
July
.<
14,129
223,691
9,?66
57,643
23,822
97*1,022
Wk Julyl6
io
i
34,712
Brookton, Mans.. May
May
Fear.
381,916
14,655
1,946,664
.
Co
Previous
136,156
867,085
412,318
21,719
t
May
.
(Jurren.
Tear
16,241
20,69-
e:igtn
rt.
Jan.
Prev't.
9
lstwk July
Mny
A Land Co
Current
an:
9
19,862
264,973
Bufialo C4ae Co.
Our'n
Tear
r>uluth Street
East. Ohio Traction.
tail St. Louie A Bull
Miscellaneous Companies,
Bamxnyi
Latest e r vM§
GBOSS
1
1 Inoluded In the fixed aharges In this fiscal year are expendlturer
for renewals, additions and improvements amounting to $127,494 foi
May. 19oft, against $67 868 In May, 1904, and to $1,488,391 foi
period July 1 to May 31 against $611,360 the previous year.
a Charges here lnolnde road-rental (paid by lessees) and othe>
deductions.
c Charges Include Interest on debenture stock.
K These are net charges after allowing for other lnoome received.
261
47,435
204,7 V-
1-4.760
99.4 t
2.539 03o 2,260,649
the next will be given Ji.ly 29.
— Gross Earnings. .,
Net Earnings.—*.
Previous
Previous
Current
Current
—
Roads.
•hlo.ft
Miiw. Elec. June
Tear.
Year.
%
S
uuluthStree' Ry b.June
Juno 3o.. ..
HouKhton County St. Ry.
(Hanoock, Mich.). May
Jan.
1
Jan.
l
to
Hay
31 ...
Houston Eleot. Co..M;iy
Aug. 1 r< May 8i ...
Jaoksonv. Eleo. Co. May
to
Jan. 1 to
Mny
3i
Lexington By. b.June
Jan. 1 to June 30
Milwaukee Eleo. Ry. A
LiRht co..b
rone
Jan. 1 to June 30
.
9
53,218
211,972
23,911
99,416
40,838
163,251
22,864
94,7t0
8
30,952
107,957
10,741
36,270
56.456
304.741
407,562
2,063,809
53.377
292,714
191.363
889.327
27.081
137,277
166.825
718,296
27.119
123.792
def.69^
16,440
72.975 def 43.904
16.40 ?
85,137
la2.029
327.376
14.119
2^,009
60,100
115,000
12.M>5
29,579
69.909
4,909
12,642
11.453
99,818
10,667
44,545
11,175
145,730
760,022
136,625
729,035
Jan. 1 to June 80....
Olev. Pal nesv. « tt. a June
Jan. l to June du
Detroit United Ry.n (all
properties) a
June
457,898
Jan. 1 to June 3o .. 2,820,849
—
Year.
Year,
10,993
41.325
43,636
366.373
29,433
134,V!59
32,222
159,843
279,048
1,542,467
1
264,068
1,531,316
25,702
90,664
9.319
34,295
THE CHRONICLE.
262
Gross Earnings. —
—Current
Previous
Net Earnings.
Current
Previous
.
,
Roads.
Year:
Tear.
Year,
Tear.
$
$
$
$
Milwaukee Light, Heat &
Traotlon Co b .. June
Jan. 1 to June 3o....
85,168
41,029
256,822
195,511
248,200
23?,610
Montreal St. By .. June
1,285,875 1,176,487
Jan. Itojune3o
Oot. ltoJuneaO... 1,923,989 1,761,915
22,175
88,629
101.022
881.902
611,980
Ni>rth.OhioTrao.<to Lie-tit
June
Oo.a
Jan.
to June3,»...
1
PeekBKlllLt.ARRaMay
July
May
1 to
Rookford
3
1.. ..
June
Juno 30...
San Fran. Oakland & San
to
1
May
JoseRy
Jan. 1 to May 31....
Savannah Electric. May
Jan. 1 to May 31....
SohuylklllRy.a....June
Seattle Electric Oo. May
ltoMayai....
Jan.
Tampa
Elect. Oo... June
May 31....
Jan. 1 to
May
Terre Haute Tr&Lt
Jan.
May si ..
Lt.O-.a.June
to
1
Tol. Rya.
&
80,504
897,085
7,911
99,672
39.322
188.561
3,938
44,314
37,230
168,^24
2.665
39,391
14,156
61,137
12,747
66,565
5,922
24,860
5,427
17,978
45.556
216,222
£0,579
222,286
16,239
208.608
987,920
34,953
163,921
51,749
231,329
163,226
895,791
33,418
155,973
45,481
204,134
19,029
85,105
197,848
931,115
32.573
144,557
46.687
112,201
148,635
825,856
25,505
128,518
22.633
81,097
8,294
75.833
811,105
14,256
64,854
15,606
66,722
82.379
432,058
64.25r
277,50 9
12,69*
59,267
15,410
57,732
71,694
868,894
48,471
257,424
37,342
224,268
19,588
114,365
15,708
87,510
Janes-
Belolt<fe
vllle
Jan.
85,163
425,478
9,580
106,281
Jan. 1 to June du....
Youngs town-Sharon Ry.
& Lt. Oo.a
June
Jan. 1 to June 3U....
3
19/86
79,083
a Net earnings here given are after deducting taxes.
b Net earnings here et»eii are before deducting taxes
earnings include the Detroit United Ry., Detroit & Fort
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
n These
Interest Charges and Surplus.
Int.,
/
Roads.
Olev. Palnesv. & E June
Detroit United Ry. tall
Houston
a
i.
Aug. 1 to May 31....
Jaoksonv. Eleo Oo.May
Jan. 1 to May 31 ...
Lexington Ry
.June
Jan. 1 to June 3o
Milwaukee Eleo. Ry.
Light Co
Heat &
June
Jan. 1 to June a u
Montreal St. Ry ... June
Jan. 1 to June3o...
Oct 1 to June 30....
Northern Ohio Traction
& Light Co
June
Jan. 1 to June 3u ...
<to
June
June 30....
San. Fran. Oakland & San
1 to
Ry
Jan.
1
to
May
3
1
Jan. 1 to May 3 1....
Schuylkill Ry
June
Seattle Electric Oo.May
Jan. 1 to May ai.„.
Eleot.
Jan. 1 to
•'<>.
May
May 31...
Terre Haute Tr&Lt.May
Jan. 1 to May 31
Tol. Rys. & Lt Co. June
Jan. 1 to June 30.
*
$
$
6,733
6,830
4,008
2,489
90,075
533,442
16,517
98,878
*101,628
*3t8,031
10,255
36,700
*80.5hT5
*206,359
10,602
24,914
3,454 def.4,326
16,571 def.61,482
7,941
7,501
76,863
47,414
3,105
11,102
15,627
45,<j17
5,611
6,676
24,429
1,455
def.3,929
*68,496
*318,506
*62,237
*293,784
3,fl2
22,965
7.f>62
28,918
5,564
79,041
450,747
75,236
443,506
21,568
117,908
29,514
142,876
199,169
17,224
94,300
26,395
123,003
175,370
23,017
137,602
23.167
135,699
16,305
50,959
14,063
33,125
2,627
15,770
2,697
16.179
3,295
9,090
2,730
1,799
13,425
65.862
10,554
52,769
5,252
24,954
12J.595
1.885
9,494
10,8^4
47,384
41,771
253,813
8,648
39,004
10.878
51,968
12,030
62,656
12,079
38,328
3,042
50,879
186,610
12,371
65,360
4,752
19,338
40,608
178,245
10,381
46,101
8,708
27,115
*5,204
11 070
16,549 *def.5,418
81.092
74,727
286,787
258,899
4o6,3o2
436,610
23,485
118,651
2,112
10,464
10,250
47,603
41,642
250,346
40,770
158.858
10,584
48,803
5 160
10,129
30,052
118,548
ANNUAL REPORTS.
Annual Repot U.— All annual
reports of steam railroads,
aud mJsctllaneous companies whicn have been
published duriog the first iialf of 1905 may be found by reference to the general index in the Chronicle of Jniy 1, the an
nual reports being indicated in this index by heavy- faced type.
street railways
Booth & Co. (Fish).
Illinois.
{Balance theet.)
The following balance shpet was
setts authorities
on
May
31, 19 J5
filed
with the Massachu-
:
Liabilities —
Real estate
$854,495
Machinery
Cash and <Jebts receivable...
Merchan !Ue
a.'ifl'.S'S
V70.'.285
Miscellaneous
3 83>,3t57
Total
—V
80, p. 1425.
hows a substantial lnoteafe in surplus and re-erve. The usual
monthly dividend was pai<i during the year, atnoantlng to $408,195.
The inventory ehows a normal carry-over of c»nne1 g >ods The association again enters the new fiscal year entirely free from bank ini
debtedness.
Up to and including February of this year 61 consecutive
moathly dividends had been paid, amounting to $1,051,542.
Assttt—
F«r>.28,'05. Fe6.S9.'04.
Plant, shares in
other conip's, etc.{2,5»3, t 77 ?2,517,131
Accounts rec'aDle
»nd inventory... 1,230,676 1,082.749
Cash.
18,157
14,674
|
Tota
|
13,851,710 {3,614,554
1
I
I
I
1
IAaMUHet—
jFe>>.8 a ,'0\
Feb.2Q,'04.
Capital stock .... t*.8<ii,H0 {2,841,6
Bills \ nco'ts pat'le
51,n35
20,t38
<
Kes rveanddeprecation fund
Surplus
Total
The regular monthly dividend of
$100) was paid on July 20 1905.-V.
402,547
50;.H4«
300,016
402,30i
{3.861,710 {3,614,534
6 1 cents par share (par,
78, p. 2333,
International Mercantile Marine Co.
{Report for Fucal Year Ending Dec. SI 1904.
The report, sigoed by President J. Bruce Ismay aud Chairman C. A. Griecom, says in substance:
Geneeal RE8Ui/rs.-The combined income aooount for the year 1901
kIh-ws a defioit lor the year of $1,142,093, as compared with a surplus
$1,797,797 for the year 1903, after meeting all fixed charges and
operating expense", in whtoh operating expenses are tnoiudtd all
charge* for repairs, malntenanoe and overhauls. Thl» does not inoiude the operations of the L^yland Line and National Line, In which
your oompai ies have Important interest, these lines showing losses
f>>r the year In working of 413,030 for the Leyland line and £5,229 for
the National Ll< e.
Insurance Fond.— The losses ohsrgeable to the fund for 1904 were
ui Ui-ually heavy, owing to the total loss of the steamers Costa Bloan
and o " e[D>-UKh a d the serious damage suffered by the Massachusetts,
which weut ashore on Abaoo Island la a d«nse fog on Oct,. Its lt>04. Cn
spitf* or these losses the aooount still shows a profit for the year of
«-l
$« L 7.i'52.
After allowing for other income received.
(A.)
:
Notwithstanding the peoullar and unsatisfactory oroo conditions In
190* the association succeeded In exeoailng co"tracts lo tlmsalstaetlon of the general trade. This annual statement, dated Feb. 28,
•
Balance Sheet.— The item of loans, bills payable and fore' gn bank
is made up prlnoipaliy of amounts borrowed by the sub-
ivei.<ir»j h
pay for new tonnage and other property acquired under contracts entered into prior to tin organization of your
company. While the balanoe sheet shows a defiolcof $1,>37.7i8 in
the, profit and loss aooount, the insuranoe and proreotlou funds on the
other hand now amount to $2,08 >,ol8. Our of tin large profit earnel
In thelnsuranoa account for 1903, amouotl >g to $1, It 2, ^02, there
was transferred to profit and loss aooount jU42,'0?, leaving In the
fund $ i ,000,t 00 for that year; for 1904 no part of t<uoh profit has b een
transferred to profit at d loss tojount.
Fleet -The new steamship Baltic, the largest steamship in the
world, was added to the fljet of the WhUe Star Un^. The Baltio is
7 25 feet long, 75 6 feet beam, and has a gross registered tonnage of
23,876 tons. A half lntereat was also acq. ilred in the new twin t crew
steamship Mamarl, which has been pr> flr,*biy engaged in trading to
N-wZ»aland The two twin sorew steamships Aunrioan and European have been transferred to the White Star Line from the Leyland
Llneu der the names of Ouflo and Tropic, and have beenn.tei with
refrigerating plants for use In the Australian tra'ie. Thesteaaship
Germanic has bsen transferred to the Montreal service under rhename
of Ottawa. The steamships Oonemaugh and Costa Bloan were lost
and the Ohio was sold.
The number of steamers in service, inolndln? ths subsidiary lines,
represents a gross tonnage of 1,013, H08 tons. New tonnage of G6,124
tors is now building, under contracts made by sub-idlary companies
pr or to Deo. l 19Q.J, whioh, when completed, will iuorease the total
pross tonnase to 1,0*9,732 tons. The number of steamships now In
service is 181; th'S does not ino'ude the many tugs, barges, oar fl>ats,
light' rs and grain elevator* at difl-rent ports. Of the vessels now In
service there are 2 steam-bios under 1,000 tons gross;
between
l.OOOand 5,0i0; 59 be.we'n 5,0 10 and 10,00'>; 2*be-ween 10.000
and 15,000; 3 between 15.0.)0 and 20,(00, and 3 over 20,000 tons
gross. Of theee, 5tf are twin sorew steamships 72 single screw chips.
Of such ships 4 are ballt of iron, the remaining 117 are bal tof steel.
All the steamships and other property have oeen fully maintained
and the cost charged to operating expenses. Daring the year a oommodlous office bunding was ereoted on the site purchased by your
oompano k* the corner of Cockspur Street and Pail Mall in London.
The upper fl ors will be rented out, and lt is hjped will bring in a substantial revenue.
General RbMAKKS— The profound depression In freights ou tha
North Atlantic continued during tie year 1904. and resulted in serious
losses to all of your company's lines, and parttouiariv those which
rely ohltfly upon freight 'rafflo for their revenue, as indloated in the
T4ports of the Leylatd L'ne and National Line above referred to.
From the reports of the Mew York Produce Exchange lt appears that
the exports of wheat, oorn and oats decrease l lt 1,918,9 43 bushels
from the low reord of 1903, being a deorease of 236,i78,«l 7 6 bushels
be ow the average for nine years beelnniag with the y-ar 18}5.
The passenger trhffl 3 of your lines was very laree. Oat of th9 total
number of pa-sengers of ail olas-ies carried to and from all American
and all European ports, your s. earners oarried 2t> 51 p c, and out of
ihe 77,3 ^e first o as-f, 107,331 second class and 413,851 third class
passengers carried to aid from Great Brlcrln, in which trade the majority of your services operate, your steamers oarried 47,984 first,
14.777 second and i98,9i)2 third olass. being 4' '91 d. o.
(Jnforunately the absolute demoraiizulon of passenger rates which
prevailed during the year seriously aff --oted the earnings of your oornpany in common with thjse of all the companion eog-tgei in the North
Atlantic passenger trade. This unfortunate situation was oooasioned
ihroot'h the unexpeoted establishment by the Oanar l Line of a new
service to the Continent whtoa seriously menao^d the business of the
(Jontiuemtai lines. The latter. In reprisal, made a counter attaok upon
the Cunard Company's British and Scandinavian business, whloh left
your company no alternative but to make corresponding reductions in
rates. So far, although rates have been restored to a more remunerative oasts, no permanent agreement Ins yet been reached. It Is hoped,
however, that wiser oounsels will travail.
-f
!
May
Savannah Eleotno May
Tampa
$
Janes-
Ville
Jose
Tear.
$
Lt.
Rookford Belolt
Jan
Previous
Year.
&
June
Jan. 1 to June SO....
Milwaukee
Trao. Co
Current
Tear.
3,627
17,678
8,907
84,615
3,017
15,083
5.P19
35,480
...
May
Elect. Oo.
<—Bal. of Net Earn' gs.^
Ry.
May
(Hancook, Mich.)
Jan. 1 to June
—
Tear.
93,364
553,921
16,826
100,577
.
St.
etc.
Previous
{Balance Sheet of Ftb. 28 1905 J
The report read by President William Fries at the annual
meeting on April 1 said
sidiary companies to
properties)
June
Jan. 1 to June iso....
Duluth Street Rv June
Jan. 1 to June 3o ..
Houghton County
Rentals,
Current
LXXIX
California Fruit tannere' Awauciati n.
>
32,638
134,457
110,606
429,663
666,471
[VCL.
nl«,3<22
»8,687,U:S
Capital stock
Ace 'Uuts payable
Surplus
Proat,
a^d
Total
15.500,000
l,-Hi 166
1,128,
loss
Oi)
iS07.t)Sl
S*,e67,046
"Thy outlook tor the year 1905 is more favorable; the forecast of earnlugs for the first six months of the year indicat'
log a large gtin over the corresponding period not only of
The passenger
the year 1904 but of the year 19 '3 as well
business for the present season continues to ba very satisfactory, and if the present favorable prospects for good crops
are realized there should also be an improvement in the
freight situation."
— —
July
22 1905.
TIIK CIIHONICLK
|
GENERAL INVESTMENT NEWS.
EARNINGS, EXPENSES, CHARGES. ETC.
1903
1904.
$27,9i6.908 $29,6-7.756
Gross voyage earnings
3^6. MS
1,119.997
Ml^oell. earnings- Interest, dividends, etc
533,670
289,607
«
Sundry earDlngs
Total receipts
Gross operating and general expenses
$28,846.^93
$31,037,420
1127,040.5*6
2"7,03«,8^8
$1,806,407
$1,000,522
$3,312.1*1
4A9.28J
64,123
$3,083,946
Net earrings
Deduct Iutereoi on bonds
loans, etc
do
English Income tax
Add
4ti.an
120,66'
$3,845,557
$3,645,22*
def.$2,039.150 sur $355. 95
1,44/,50'j
897,053
Balance
eurplnB Insurance aooonnt
loss $1,142,097 su $1,797,797
Balance for the year
.4=9,322 for "overhauls, lay-up expenses and betterfl Includes $1
ments."
CONSOLIDATED BALANCE 8HEET DEO. 31 1904— COMPRISING AMERICAS,
KED STAR, WU1TK 8TAK. DOMINION AND ATLANTIC
TRANSPORT LINKB.
Assets—
Con
Liabilities—
Pre', "took outstanding
t
Of properties
1T1.0.>«.818
r'.l.e\l;iiulACo.0900)Ltd. 11.9rt6.177
Nat
BS.
Ud
o.
i
oo's.
GoT't
excti meiub'ps .iud
depui-lts
603,461
7K2.-13
Inventories
ants receivable
1
.
Advances
Interest accrued
Reserves
For liabilltes. for rehabll.
76 0*9
5JH.743
b3o,886
Agency balance*
Marketable slocks A bonds.
Cash in bat ks & on band...
Open vojaKe accts coarues
and
1
i
t
106,505
50:<,10*
04 before
1
•
Ofl si-es of Leyia'>d and
National lines, IcM surplus
i|5ul,4ul)Jan. 1. I«v4
-V.
7f0,156
1.488.431
1,8W7,0d2
47,860
115,107
1,698
1. 537,-48
Tolal
193,5v8,5JS
Total
1U3,cU8,538
80, p. 2462.
190405.
Gross
Repairs atd maiuten'oe.
1903-04.
Total net rrofl's
Leu
hit
.
divt., etc.
$3,231,377 $4,143,471
635,060
$836,794
662,089
$814,512
$2,892,110 $3,293,109 $2,596,317 $3,481,384
—
Interest on bonds
$332,292
Interest and discount
274,586
Pref. (8 p o per annum). 1,320,000
Com.
190102.
1902 03.
per annum)
Loss on 8o. Cotton Oil
(4 p. o.
$350,000
552,758
960,000
,.
Co
338,386
$209,401
960.6o6
1,399,220
$360,000
869,619
53,416
$2,265,262 $1,916,174 $2,568,621 $1,829,649
Balance
$626,848 $1,376,935
$27,696 $1,651,735
PROFIT AND LOSS ACCOUNT 190405.
Balance Jane 15 1904
$3,457,033
CrmmlssioDs on sale of pref. stock
$360,000
Adj iF.t of inventory, interest, Are losses, etc
197,747
Arjnst. of Inventory, Interest, die losses, etc , 8o.
Cotton Oil Co
48,603
606,350
$2,850,683
Virginia-Car. Co. surplus for 1904-05, after deducting $338,386 loss on 8o. Cotton Oil Co
Surplus June 15 1905 as per balance sheet
BALANCE SHEET JUNE
AssetsReal eetbti, plants, etc
Investments
Cash
Accounts recflvable
Bills receivable
Merchandise, inventory
Undlv. earns. BubeldUry cos...
Iat.
and lnsur. paid
in
1905.
$21,587,406
21,920,246
1,962,588
3,506,567
a>, 943, 484
4,195,195
adv
107,112
Total
Li ibililie*
Capital siock. preferred
$39,222,597
—
Capita
1
t'tock,
!
oommon
Collateral trust loan
B-lls
118,000,000
27,984,4<>0
6,500.t
payable
01
3,035,405
148,407
Aoeouno payable
L»ue subsKlaiy companies ....
Notes of Robsldlary ouiranles
.$3,477,528
Miscellaneous
Total
&
Meridian waB sold under foreolosurrt in 1889, and
The VIcfcabiirK
in i9oi 'lh 'mas, hh a holder of a bl"<y« of the 3rd morttrairn bonds,
which ban been wiped out by the foreclosure sale, tiled a bill la Warti>etu a lien on the Alabama
ren Ohnucery Coarr, seeking to m« lc
&
••
VickKburtt, and authorizing the caie under the decree of th« Federal
court, on the ground of no j lrlsdlotlon. th» further olalm being made
th»t th^ foreclosure had been conduoted bo as to defraud the third
mortgage bondholders. The company demurrred, setting up thn tenyear statute of limitation, and reoitlng the further faot that the FedTh* demurrer was overruled, and
er-tl Court did have jurisdiction.
Special Judge C. M. Wllllami-on wrote the
the. company appealed.
opinion wh'ch rtversed the Chancellor, sustained the demurrer and
remanded the case.— V. 79, p. 2584.
American Light & Traction Co. Dividend Increased and
The directors on Wednpfdny declared a
Period Changed
quarterly dividend of 1 p. c. on the $4,680,800 common stock
payable Aug. 1 to holders of record Jn y 22. Dividends on
—
common
the
Btotk were begun last
November and were
at the rate of 3 p c. per annum in that month and also in
May 1905. The preferred stock (now $9,396,900) has received
regularly 6 p. c. per annum since December 1901.— V. 80, p.
2619.
Atlantic Coast Line RR —Li ted -The New York Stock
listed $499 000 l8t consoi. 4s of 1952, making
the total amount listed $42,638,000. Tae additional bonds
were issued for refunding purposes, notably to retire f 268, (00
Brunswick & Western 1st 4s and $131,000 Wilmington &
Weldon RR Yadkin Division 1st 4s, mahiog tte total amonnt
of theae itsaes re*ired to date $1,593,000 and $1,798,000, respectively.
The first consoi. 4s have beeo issued to a total of
$13,138,625, but $500,000 remain in the treasury.
STATEMENT OF ISSUANCE OF $43,138,000 FIRST CONSOLIDATED
Refunding $35,355,200 underlying bonds and certificates
Brunswick, Qa
Construolon of Cohn extension
Construction of Fort Myers extension
Eirtiings.
— The following
months ending May 31 19
the incoma
is
RR
48.
.....$37,418,925
2,380,700
450,000
2,500,000
C, and
10,000
70,000
309,000
account for the 11
5:
Gross earnings
$20,190,185
Operating expenses.. 12,194,779
|
I
Deductions—
int. on bonds
&
cert.
$5,152,719
682,000
Rent'lB of leas'd lines
35,820
Dlv. on com. stock,
Jan. 10 1905. 2ifl p.
C on $36,650.0 '0.. 916,250
Div. on pref. stook, 5
86,335
PC
Miscellaneous
21,851
of lndcbts
Net earnings
Other ino'ime:
Int. on depos., eto
Int.
$7,995,406
63,273
..
and divid'ds on
and other
stocka
2,018,570
securities
Renta from real
es-
73.7 :>9
tate, eto
Rent of rail
40,867
7,293
Miscellaneous
Total income
Taxes.
Surplus lnoome for
11 months...
$3,304,234
$10,199,209
Note —On July 10 1905 a dividend of 2k p. o. was paid out of the
surplus income for the six months ending June 30, 1905, on $13,980,000
of c nirnuu stock, calling for $1,099,500.
The comparative monthly statement furnished to the
Chronicle several weeks 8go showa for the samu 11 months,
»ro s8 l^u.170.184. againsr. $18 780,784 in 1902-03; net, $7,313,406, against $7,050,416.— V. 81, p. 210.
,
1903.
^14,460,618
1904.
$14,492,455
28,960.041
1.295,765
2,5.->l, 403
—
Guaranteed Ford*.— See
Bangor & Aroostook RR
Northern Maine Seaport RR., bslov.— V. 81, p. 154
1.913,556
Brook!} n Rapid Trausit Co.— Sale of Bond-i.— The com3,918/85
pany has sold $1 000 000 of its first refunding fours to pro4,518.975
5,0"73,2?8
S,l2.-$,625
5/37,458 vide lor extensions and improvements, making $18,000,000 cf
3,383,475 the
3,216,279
bonds now issued.— V. 81, p. 30.
75.031
60.710
Canadian Northern Ry.— Ally.— Sea Canadian Northern
$58,773,456 $61,600,827 Prairie Linda Co. under Iudustnals below. — V. 80, p. 2157.
$12,000,000 $12,000,000
Central Railway of Oregon.— Bondi Offered. — EUrdings,
27,H>-4,4 riO
27,984.400
Perkins & Co., B >bton and Providence, arc offering at
7,000.000
7,000,000
4,794, 2r0 and interc-st $93)0 JO first mortgage 6 p, c. sinking fund gold
7,064,425
bi>ndp, dated July 1 1905; doe July 1 1935.
Toe company
296, 4 6<!
64,892
4,587,254 was incorporated in Maine last June with $2,000,000 capital
583,288
27/89.879
,
:
67,708
P,150
3,477,527
285,000
2 0,000
128,417
zo'.d'd
7 2.917
3/57.033
4,665,534
$59,222,597
$58,773,456
$61,600,827
debt.-)..
b-irplus
626,845
15.
<
Continent fond (» al
Accrued lnti-its-
Alabumi & Vicksbnrg Ry. Decinon —A. press dispatch
from Jackson, Mihs., on Jaly 2, states that the Snoreme
Conrt of Mississippi in the C4ae of the company vs. Grlsby
Tbomaa has he'd that the 3-d mortgage bond*. $1,020,000,
tpened in 1880 by the Vtcksburg & Birrldiau RR are of no
va'ne, thus in effuct nphclding the foreclosure sale of 1889.
of indebtedness.
Acaulsltion of railways of The Florida Southern
Arquieitlon or Sanfori & 8~. Petersburg RR
Acquisition of rolling stock
Acquisition of property at Yonge'a Island, 8.
Yirglnfa-Carolina f hemical Co.
(Eeport for Fiscal Year Ending June 15 1905. J
RESULTS FOR TEAR8 ENDING JUNE 15.
profits
RAILROADS, INCLUDING} STREET RUADS.
Exchange has
Steam Nav. Co., Ltd.)
Depreciation fuud
Miscellaneous
113,193
.
de
preciation or proportion
-
repa'rs. for Insur'e
claim? and for ontst'cg
Dominion Line sha es..
Def. credits to pr^ tit & loss.
Insurance lund
Protec. and lus. funds (Oc.
.
unex ire insurance ..
Improvements oeiter ts.&c.
Sbipway for 88. Adr .tic.
Jfc
8,786,719
22.M15
1,0:5.877
Atiency balances
1 32*,8fi6
26R,''9S
N«tii mil Line.
'ii
Accounts payable
>2l
lr-,624
LeylaBd Line.
i.
do
,7f-8.
681.9MI
Bills rec«-ivKl>le »nd loans
lut. received and Hccrued..
in
I
400,030
Sundry ship Anliled
59.865,871
sti ck outstanding
O.i 00
f>* flrst M. boi ds
4}4% M. and col. fust bonds SO.Oi 0.000
Deb. h^nds of const It. compiinies be d by public
1,247,0*8
Loans on mortg ie»s.
746 4^6
10.3il.iwo
I. ans, bills payable, 4c
Con
Investments—
*.>(>:$
stock lu shares of $l"0 eacjb, the incorporators being:
Harvey Harding. H. W. G«ib, H W. Bprague. Boston. Mass Horace
B. Perkinx, Salfm. Miss
Al >tz Cieavrr, Artbnr B. Brown, Union,
Or.j M H Mlmmonfl. Hallowell, Me.; J Berry (Pre-tdunt), I L. Fairbanks (Treanurer), C. H. Burleigh, Lewis A. Burielgh, Augusta.
;
;
Etc.— Charles
Chesapeake B.-a-h Ry. —Foreelmtre Sui
Popper of New Y rfc, hoider of $2n,00i) firHt, mortgage 5 p. c.
bonds, and a claim»nt to an additional $50,000 bonds, has
wrought suit in the Uoited States Circuit Conrt at Baltimore
for the foreclosure of the company's $1,000,000 morgage of
1898, Hlleging that the interest thereon has been in default
r
,
a After
deduotlnsr $290,537 reeerve for
rebate of Interest.— V. 80, p. 1001.
doubtful
aocounts and
Schirarzcbild & Sulzberger Company.
(Balance Sheet of Die. SI 100/, J
The financial statement filed with the Massachusetts State
authorities \i reported by the Bjston papers as follows
:
D.c. 21. 04.
Jan
T
2*«1
— V.80.
p.
,.
Ix*
UfiOSJsu
Dtc.vl.'Ol.Jun
2.'.'4.
Ai»'tt—
t
1
Real est. and mach. 6.34 -.76s f.i:j '\ S'
^}ock
s.vaa Shir, i«
6,
Lash* debts rec'l.. b.47fv0* 4,h.i7.702
i.',,:i'i.Kn
I
1.t.h,40o
Surphu
::.•!:!.
4,444,621
Total....
.
other Annual Heports tee
I9i
lC.OO.'.Hia I.'i.79i,l0-J
119,1000.
•'or
?,*04.
Hit If*$
4.:;7:i.i'0
Capitol stock
A'c-.unts payable. 7.0« -
pa<;<- '.470.
s
nee Jaly
1
1901.
At Washington on July 17 the Supreme Court of the D strict of Columbia rendered jadgment, in favor of Divid H.
M
ffat of
D-nver, Colo., in his suit agalnt-t the company on
a promifsjry note for $1.222,800— V. 81,
p. 30.
Chicago Subway Co.— Dcctkim. Jidg« Chetlain in the
Superior Court on July 14 dismtesed as defeclv- the indictment against President Wheeler of the lilinoirt Tunnel Co.
and certain city officials, which charged that the record of
THK CHRONICLE.
2(J4
1
Vol. lxixi
the proceedings of thn Cttp Council, containing the action of
th<- Council on 'h~ so called McGKnn report on Jaly 20 1900
was forgel r»y i ls-rttng therein tbe words "and approved,"
whereas it was claimed that the report was merely ordered
on file. O her criminal proceedings, it is thoojjh':, may be
taken by the ci y authorises bas»-d upon alleged wrong-doing
Oae of the leading corns"!
in connection with the matter.
for th<* company is qnoted as saying that, apsumlog that th*>
forgery was commuted, it could in no way affect the com
pany, whU h is acting under an ordinance passed Jaly 1903
grantiog the right to narry freight and build a tunnel 6 feet
by G feet 7 inches.— V, 80, p. 1111.
#2 OOO.'OO; present issue, $l,500,0r0. The unissued bonds—
t5'i(),<00
can only be Issued for new extensions under conservative restrictions.
These bonds are unconditionally
anarantned, principal and interest, jointly and severally, by
'he D-mville Streat R<ilway
Light Co. and the Urbana
Champaign Railway, Gas
Electric Co., and tin eutlre capiral stock, aggregating $1,200,003, of the two guaranteeing
companies in deposited with the trustee as additional secuilty under the mortgage of the Danville Urbana
Champaign Railway Co. The following is a statement of earnings
for the calendar year 1904 (1) for the Danville Urbana
Champaign Riilway Co. alone, and (2) for the Danville Street
Choctaw Railway & Lighting Co.— Reorganized Company
This company has been incorporated a^ successor of the
Indian Territory Traction Co. (V. 80, p. 2458) which has a lir-»from South McA'ester to Hart-horn, I. T. The capital stock
of the new company is $500,m 0, all of one class and all out-
R til way &
—
standing; par o shares $25. Thr- $li0,0 '0 bonds of the Indian
Territory Traoti >n Co. remain outstanding (see V. 77, p. 250).
President,
W. Underwood, No. 204 D-arborn S reet.
Chicago; Secretary. A. E, Pii-rje; Treasurer. R, L. Sohelg.
Cincinnati Hamilton & 1) iyio Ry. Change in Bonds.—
learn that for the Pere Marquette collateral trust bonds,
secured by the capual stock of the Chicago Ci n$3,500,(0
cinnati & L ratsville RR. Co,, th^re are to be substituted the
j >int bonds of the Cincinnati Hunilton & Dayton and Pare
Marquette companies for a like amount, bearing 4? interest,
datea Jaly 1 19)4 and payable July 1 1914 at the r ffije of the
American Lmn
Trust Jo., Boston. V. 81, p. 154.
v
A
i
We
>
—
&
Cincinnati Milford & Lovel, mi Trattiou Co.— New MortThe company has filed a mortgage with the Provigage
dent Savings Bank & Trust Co. of Cincinnati, trustee, to
—
secure $500,000 5 p. c. bonds, of which $300,000 will be
The
retained in the treasury for future improvements,
$350,000 old bonds have been canceled, having been ex
changed for 5 p. c. cumulative preferred stock, of which
$650,000 has been authorized. Compare V. 80, p 2343
The new bonds are dated July 1 1905 and mature In 20 years, but
re subjoct to call at an? time In any amount at U0; denomination,
500 gold; interest payable Jan. 1 and Jaly 1 at office of trnscee When
road Is flnlehed to B aoohester there will be outstanding $300,000
the new bonds, covering 35 miles of track— V. 80, p. 234 s.
Clearfield Trati-u * o.—'Mortgage Trustee Rengns.— The
G rard Trust Co., trustee under a certain mortgage executed by the Clearfield Traction Co. Sept. 1 1894 to secure an
issue of bonds to the amount of $75 1,000, gives notice that it
resigned from the said trust on July 17 19'J6.
Cleveland Cincinnati Chicago & St Louis Ry.— New
Stock Listed. —The Now York Sfosk Exchange has listed
$2,869,700 additional common stock, being part of the issued
portion ($7,60 U 00) of the vew common stook, $11,309,000,
authorized by tbe shareholders on June 21. This makes the
total common stock listed $30,869,700.
Tbe proceed* of the $7,600,000 of common stock are to be used to
pay for tbe reduclon of grades, increased terminals and yards, seo
ond tracks and additional sidings on the main line; for additional
locomotives and oars; lor oar and machine shops, tools aud
machinery therefore also for the reduotion of grades additions to
tracks and other Improvements on the O »lro division. In order to pro
mote the development of the ooal business aid other general traffic
along the line of said division, and for other corporate purpose s. (V.
80, p. 1911, 2399, *343).-V. 81,
p. 31.
& Coke Ry.— No Change
in Contro 1 —Touching tbe
press dispatch from Charleston, W. Va , on July 14 announcing tbe sale of this railroad to the Vanderbilts, Secretary C. M. Bindley writes: "There is no foundation for the
above report, "— V. 78, p. 47.
Coal
.
—
&
&
&
&
&
& Champaign Riilway Gas &
and the Danville Urbana & Champaign Railway
Co c mblned
Oalenda~ Year 1904—
D. V.d O. By. 3 Oomp'i
Light Co., Urbana
£1 cr'c Co.
:
Gro-s»arnln«B
Operating expenses
$260,495
113,5t2
$7J9,881
413,773
Net earnings
$136,953
Total interest charges for year 1904 on all
$ 326,108
bonds outstanding
$134,050
$75,000
'The earnings for the first six months of 1905 show an increase of ov-r 15 p. c. over the corresponding period of 1904."
-V. 78 p. 1961.
Detroit T ledo & Ironton Ry.— N>w OJlc-rs —Frank A.
Durban of Zioesville, O., has been eleced President and
Bei j<min S Warren of Detroit Vice-President.
Entrance into Toledo, etc.—The company has arranged to
obtain at an early day entranoe into Toled ) u uder a ninetynine-year trackage agreement with the Cincinnati Hamilton
& D tyton. The operation of the Ann Arbor RR. has been
tak^n over. Compare official statement in V. 81, p. 155.
Golf* Ship Island RJi.— Li ted —The New York Stock
Exchange has listed $363,000 additional 1st refunding and
eroainal 5 d. o. bon3s of 1952, making total $4,937,000.
ISSUANCE OF $4,984,000 1ST EEFONDING AND TERMINAL 58 ($47,000
In sink, fund)
Redemption of
first
:
and general mortgage 5
p. o.
bonds, ex-
cept$i6,000 nor yet presented
$2,734,000
Acquisition and completion of additional terminal facilities,
including wharves and docks at Gulfport, aad tbe dredging t basin and channel
1,000,000
Additional rails and equipment, and for construction of
metal bridges, renewing trestle bridges, and erection of
water ctatlons
750,000
Additional engines and other rolling stook
500,000
<
— V. 81, p. 211.
il
)ant
n & Texas Central RR.-CiZZei Bonis. —The num-
bers of consolidated mortgage bonds, aggregating §140,030,
which will be redeemed at 110 and interest on presentation,
Interest ceasing Sept. 20, will be fonnd in an advertisement
on another page of to-day's Chronicle —V. 80, p. 1234.
Illinois Central
RR—Extra
Dividen I.— The company's
101st semi-annual cash dividend was declared on Wednesof 1 p. c,
day, and was 3 p. c, with an extra dividend of
payable Sept. 1 1905 to stockholders of record Aog. 1. These
are the same amounts as were distributed at tuo last semiannual period, Toe regular dividend rate h*s baen 6 p. o.
per annum since 1900.—V. 80, p, 997.
^
Indianapolis T* action & Terminal Co.— Bond O Jen d —
Chandler Brothers & Co., Philadelphia, are offering at 97^
and interest a block of the first mortgage 5 p. s, gold bonds,
dated Jan. 1 1903 and due Jan. 1 1933, out euH;pct to call for
the sinking fund after Jan. 1 1908 at 102J4 and interest. Authorized IsHie, $5,000,000; present issue, $3,' 00,000; remain-
A
oircnlars ays:
der held for extensions and betterments.
Tbe bonds are an abeoluteflrst mortgage on the new terminal station
a first Hen on the lease of the Indian
Columbus Snndus&y & Horking RR.— To Assess Share and office building, and are also
apolls street Ry and on all new lines laid and to be laid In the city
holders. Judge Marcus Gh Evans at Columbus, O on Jaly
limits. The terminal station occupies tbe msj >r portion of a block of
17 approved the report of Master Commissioner E, C. Irvine, land 420x425 feet, situated one block west of the "Clrole," which Is
the geographical center of the city; one block east of the State apiin the suit brought by G. J. Marriott, asking for an assess
and the same distance north of Washington St., the main business
ment of shareholders, and appointed Mr. Irvine as receiver to tol,
eeotion. Tbe « ffloe building, which oocuples part of the property. Is a
collect the assessment of 25 p. c, which Jadge Evans believes new nine story building. 163x68 feet, of steel-frame construction and
will be sufficient to meet the liabilities and costs. V. 75, p. modern in every respeot. The first floor is occupied by the oompany as a station, and the eight remaining floors rented for busi906.
ness purpopes— Income therefrom about $ 15,000 per annum.
Connecticut Railway & Lighting Co.— Bonds Made a Sav- The internrban railways enter the city under agreements by whloh
hey pay 3 cents per passenger for all passengers oarrled In the olty
ngs ba«k If.vntment in Connecticut,— The first and refund,
limits and an additional 1 cent for thc&e usine the terminal station.
mort. 4% p, c. gold bonds have just been declared a legal in
For the year 1904 the* Indianapolis Traction & Terminal Co. earned a
vestment for savings banks in the State of Connecticut. This surplus of $244,199 in excess of the interest on the bonds aad rentals
issue was originally brought out by Redmond
Co. and J. & on the stook of the Indianapolis Street Ry. At the present ratio of
it is estimated that this surplus for the year 1905 will be
W. Seligman & Co. The earnings are showing large inorease
about $340,000, or over twice tbe $150,000 interest on tbe Traotion &
ncreasee over previous years, a recent statement of gross Terminal bonds. The bonds have an annual sinking fund of 12 p. o.
earnings showing an increase of 11 p. c. over the same period of the par value of all outstanding bonds, including those In the sinking fund. This fund will retire about 70 p. o. of the issue prior to
of 1904.— V. 80, p. 1111.
—
,
,
—
i
&
Cuba RR.— Government Loan.— The Cuban House of R*p
resentatives ha- aahonz-d a loan of $798,450 to the Cuba
RR Co. until D-c. 15 1916, without interest. This amount is
maturity.—V. 80,
p.
472.
Indian Territory Traction Co. (S >uth JfcAlester, I T.).—
^ee Choctaw Riilway & Lighting Co. above.—
successor
—
V. 80, p. 2458.
about equivalent to three years' interest on the company'*
lone & Eastern (Electric) RR., California.— New So:k.—
bonded debt, and Is intended to enable the company to deBuilding, San
vote all of its current resources to the bettermant of its prop- The shareholders will meet in the Crossley
increasing the capital
vote
upon
to
11
Sept.
on
Franoieoo,
erty and the development of the country served by its lines.
The loan is seoured by a pledge of the amounts accruing to stock from ft.OiO.OOO to $2,000,00 X J. A. McPnerson is Secthe company as compensation for the transportation of mailp retary. Sae V. 78, p. 2384.
or any other Government transportation performed by the
Kansas City Fort Scott & Memphis Ry.— Application to
company. There have been iseued $5,34fl,000 of the Cuba Lut.—Ttie New York Stock Exchange has been s>qiested to
RR Co. first mortgage 5 p. c. bonds, covering the 408 miles li-t $957 000 additional 4 p. c. refunding mortgage hoods of
of road which is now in operation.
V. 75, p. 1301.
1936 making tbe total listed $17,810,000.-V. 80, p. 2621.
Danville Urbana & Champaign (Elecric) Ry.— GuarLittle Kanawha RR.-Opti >n.—The Vanderbllt interanteed Bends Offer' d -Earnn, gs.— John Christenssn & Co., ests, acting probably in conjanotlon with the Pennsylvania
Drexel Building, Philadelphia, are offering by advertisement interests, have, it is understood, secured an option oq a
jrtgage large interest, in the so-called Little Kinawha syndicate,
on another page tbe unsold portion of $1,5(J0 000 1st
5 p. c. bonds dated Mar. 1 1908; total authorized issue, which owns 90,000 aores of coal land in West Virginia, 80
—
m
July
22 1905.
THE
]
C1IUONICLK.
miles of operating railroad, etc., being the property originally
acquired with a view to turning it over to the Gmld interests for nee Id connection with their proposed Hoe from
Pittsburgh to tidewater at Baltimore. The option 1s said to
Sohoonmaker, VldPrea'ddDt and
be held bv Colonel J
General Manager of the Pittsburgh & Lake Erie. See V. 80,
265
frew York & Northern RK.— Foreclosure AQi met. -Justice
Gaynor of the Supreme Court in Brooklyn, on July 17, on a
re-trial of tha foreclosure suit under the spcond mortgage,
awarded jndffment to the plaiitiff, ths Farm«rs' L >an &
M
The foreclosure sale took
Trust Co.. the mortgage trustee
place in Dec. 1893, but in 0;t 1893 the Court of Appeals, at
the instance of some minority stockholders, granted a new
p. 2219, 28H9.
trial.
The decision proceeds on the ground that the trusBonis
enable
d
—To
Nashville
BR.—
Call
&
the
Louisville
company to make the payments to the sinking fund of the tee was duly requested to foreclose by the holders and ownPeDtaaola Division mortgage bonds of 1680, which it has ers of more than $2,000,0C0 of the $3,200,000 bonds, as reCompnre V. 63, p, 754, 1159; edfailed to msbeeincH September, 1838, there have been called for quired by the mortgage.
redemp'ion $175,0: bonds for payment at 105 on Sept. 1 19)5 itorial V. 68, p. 820— V. 77, p. 2839.
at the ffice of the company, 71 Boadway. Of these boDds,
New York & Ottawa Ry.— Mortgage.— The company's new
$!5,0r0 represent the payment due Sept. 1 1905 for the year mortgage for $2,50 1,(0
has been made to the Guaranty
1904 05, Tne numbers of the called bonds will be found in Trust Co., as trustee. The bonds are gold 4s, dated June 20
the advertising columns of last week's Chronicle.
1905 and due July 1 1955 without option of earlier redempListed —The New York Stock Exchange has lifted $2,840,- tion; interest payable Jan. 1 and July 1 at office of N. Y. C.
00) additional unified 50-year 4 p. o. bonds of 1940, making & H. R. RR. Co., New York. Denomination, $1,C03, $5,003
the total amount listed $34,562,010.
and multiples of $5,000— V. 80, p. 2458, 222).
UNIFIEn FIFTY-YEAR 4 P. C GOLD nOICDS.
ISSUANCE OF $56,883,14
Northern Maine Seaport RR.— Guaranteed Bonds.—
i
^
$3,390,698 Equipment
Construction
$5,319,808
Extensions
2,820,931 Prior Issues, bonds matured
Sinking funds of prior
21,191.815
issues
6,170,315 Double traok
451,000
Purohase of roads
Preirioms on bonds for
6,829.709
457,300 Betterments and Imsinking fUDds
provements
3,214,522
Corporate purposes ... 5.000,000
1,637,512 Purchase of bridges .. 1,500,000
Purchase of stock*
DISPOSITION OF SAID $56,883,140 BONDS.
In hands of publlo
$34,061,000
Retired and oanoeled
17,000
Deposited as part o<>llat«ral to $23,000,000 five-twenty colIP.200,000
lateral truft deed bonds of 1903
Id treasury of Louisville and Nashville RR. Co
4,602,000
.
—V.
81, p. 211.
Macon Doblin & Savannah RR.
— Litigation,— Judee
Speer, in the United 8taten Circuit Court at Macon on July
11, in the sc ion brought by Robert A. Shailer and other minority st'-okholders, to set aside the sale of the road to the
Atlantic C ast Line
interests, denied the petition of the
complainants to appoint a temporary receiver, but continued
in fo"ce the order granted on Nov. 24 1904 restraining the
new interests from disposing of the securities or using any of
the income of the road except for actual operating expenses.
Tais is designed to preserve the status of the assets until the
final hearing of the case unless otherwise ordered.
V. 79, p.
RR
—
2085.
Massachusetts Electric Companies.— Refunding.— The
shareholders will me-t on Jaly 28 to vote on making an issue
of 5-year 4^ p. c. collateral notes to the amount of $3,500 000,
dated Jaly 1 1905; interest paid semi-annually; $2,700,000 of
this am>nnt will be ussd to retire the 4J^ p c. coupon notes
outstanding, which mature Jan. 119 6 —V. 80, p. 2458, 2344.
Mi.asoari Kanta* & Teotas Ry. —Application to Ltst. — The
New York Stock Eschar ge has been requested to list $1,484,000 first and refunding mortgage i p. c. 100-year bonds of
2C04
-V.
80, p. 1059.
Missouri Pacific Ry. Co.— LUttd.—The New York Stock
listed $25,00 ),C0) 40 year 4 p. c gold bonds of
1950 "oart of the authorized issue of $50,d00,0C0], dated 1995,
secured by Iron Mountain stock as collateral.
EA0J.HING8 OF ENTIRE SYSTEM FOB 4 MONTHS ENDING APBIL 30, 1905.
Exchange has
Gross earnings
NTs!
$12,503,627
2,448.618
1,405,126
earnings
O^her Inoome
— V.
l
i
!
Total net inoome
Fixed charges
Balance, surplus
$3,851,744
3,o07,524
341,220
81, p. 212.
Missouri River
& North Western Ry.— iVo
Receivership.—
The
report that a receiver was appointed for this company
was a mistake, and on Jaly 17 Juige Carland made an order
vacatiDg and setting aside his former order appointing a re
ceiver for a predecessor company, the D ;kota Wyoming
Missouri River Ry.
The decision, we are informed, was for the
defendants on all points. The line is projected and partly
constructed from Rapid City to Mystic, S. Dik,, about 35
&
miles.- V. 81, p. 212.
Na-hvil'e Chattanooga & St. Loui3 Ry.— See Western &
Atlantic RR. below.— V. 80, p. 163.
Newbargh Datchess & Conned icat RR.— Change in Contrc> —General
Manager Wm. Uaderhlll on July 18 announced that negotiations had been concluded under which
the control of thec">mo*"y would pass to tbeN«w York New
Haven & Hartford RR. Co. at an early date. President Mellen. in reply ro Inquries said:
"No information availanl \"
Offer for S cu ifo, -Brown Brothers
Co., New York,
in a drcu'ar art tressed to the holders of tie collateral trust
bond* ($221,0 r 0). income bonds ($1,164,500), pref-rred stock
($600 000) and
stock ($510, 000), announce that the
holders of a no>j ori-y in interest of each class of the securities have enld all their collateral trust bonds under the mortgage beariDg date May 1, 1891, for 110 and accrued interest;
all their income bonds under the mortgage bearing date Jane
1, 1877, for $5 '0 for each one thou3and dollar bond aDd $250
for each five hundrfd dollar bond: all their preferred stock
for $6 per share and all th-ir common stock for $6 per share
An additional sum of $48,400 was paid to cover commissions,
bankerr-' services, lawyers' fees and expenses.
The firm is
authorized to purchase all the remaining amounts ol said
stock and boi ds on or before Ojt. 15, 1905, at their office, N
59 Wall Street, & f the price* paid for the maj >nty int'-reiet
therein as above stated. [S e also advertitem-nt.] -V. 65,
&
cmmon
>.
,
p.
583.
New York New H aven & Harlfird RR.-Purc/ i.«e.-S«e
Aewburgh Datchess* Connecticut RR above —V. 81, p. 156.
t
&
Brown Brothers Co. early in the year purchased for a syndicate $8,500,000 of this company's authorized issue of $5,C00,000 first mortgage railroad and terminal 5 p. c. 30-year gold
bonds, dated April 1 1905, guaranteed, principal and interest,
Aroostook RR. Co. The sale was made to
by the Bangor
cover cost of aboub 70 miles of new railway, including sidings, stations, equipment, etc., extending from LaO-range, in
Pi-nobscot County, to Belfast, together with spurs on both
sides of Stockton or Cape Jellison Harbor, at which point
terminals are now being built. The new road will give a
tid«- water outlet to the Bangor
Aroostook RR. Co., and
will enable it to handle its freight traffic with greater facility.
Of the bonds now issued, the proceeds of $3,250,000 will be
used for the construction of the road, stations, etc., and for
providing equipment, while the proceeds of the remaining
fl,2">0 010 will be used for the purchase and construction of
the terminals. The additional $1,500,000 of the bonds are reserved to cover cost of further improvements on the railroads
and terminals, and can only be issued subject to careful restrictions.
The construction of the above railroad and terminals isb j ing pushed as rapidly as possible, but will hardly be
completed sufficiently for operation much before the early
part of next year.
The Bangor & Aroostook RR Go. now owns and controls about 412
miles ol road. It has reoently been paying dividends at tbe rate of 3
p. o. on Its common stock, bnt the last declaration lor tbe current
six months was at the rate ot 4 per cent per annum. Its first mortgage Sp.o bonds on the main line and on the Piscataquis and Van
h nen extensions are now legal Investments tor savings banks In
Massachusetts, as previously in Maine.
Northern Pacific Terminal Co.— Called Bonds.— Twentyeight ({28,000) first mortgage toonds of 1883 have been drawn
and will be redeemed by the Farmers' Loan
Trust Co. on
Aug. 4 1905 at 110 and accrued interest.—V. 80, p. 223.
&
&
&
Olean Street Ry.— Bo ids.— The New York State Riilroad
Commission recently authorized the company to issue bonds
amount of $350,00) for the construction of a line from
Allegheny to Salamanca. V. 73, p. 495,
Philadelphia Rapid Transit Co. -Work on Market 8t.
Elevated — Aotive work on the construction of the Market
Stree Elevated line west of the Schuylkill River was begun
on July 17.
Bills Repealed.
On June 29 the Select Councils passed
unanimously the bills repealing four ordinances which gave
to the
—
—
the company the right to lay tracks on an additional 110
miles of street without the city receiving anything for the
franchises.
—V. 81, p.
156.
Ferries RR , San Francisco.— Called Bonds.—
The California Safe Deposit & Trust Co. of San Francisco
will pay on Aug. 15 the following bonds, viz
Nos. 86, 88,
90, 91, 95, 99, 105, 112, 133 and 145.— V. 79, p. 2748.
Rapid Transit in New York City.— Permanent Injunction
Denied.— Justice Gr ldersleeve on July 17 denied the application of Franklin Pettit for a permanent injunction restrain"
ing the Board of Estimate from acting on petitions for franchises applied for hy the Atlantlo Te'ephone Co . the N. Y.
& Port Chester RR. Co., the Nassau E'«etric RR. Co., the
Sjuthern Boulevard RR, Co. and the Union Ry. Co., but
ordered that pending the appeal to the Appellate Division of
the Supreme Court, the board shall prooeed only with the
hearings on the applications, and shall not grant any franchises.— V. 81, p. 212, 32.
Rio Grande RR., Texas.—Ntw Officers.— This road, which
recently passed under the control of Sc. Louis men representing, it U stated, the Y >akum interest* and presumably the
St. Louis Brownsville & M-xlco Ry. Co., elected on July 13
Presidio
&
:
tbe following directors and officers:
Dlreotors— Tosepb Oelaya. August Celaya, James B. Weils, Brownsvl'le; Georg* L. Edwa ds. Eiward O. Elliott, Thomas W. Carter, St.
L ul»; |jav<ii West, San Antonio.
Officers -AuKUst Celaya, President; Joseph Celaya, Treasurer; William
A
Neale, 8-oretary. -V. 81,
p.
212.
Rj— Ally. -See Rio
Grande RR. above. -V. 80, p. 1236.
St. Lo lis Rucky M mntaln & Pacific VjO.-OjJlcial Stateirnnt — Prfeident Henry K i«hler Jr., Carleton Building, St.
St.
L
Lnuls Brownsville
& Mexico
&
10 190o, writes to Fisk
the bonds, in substance:
Property. -Tho enterprise consists of two oloiely aHled parts,
namely, a railroad enterprise and an affiliated oai and ooke. enterprise. Tne, 8c Louis R >oky Mountain <k Pao'tlo Co. will own all of
the bonds and all ot tbe stock of the 8t. Louis Rookr Mountain
R
under date of May
who have purchased
nis, Mo.,
)t>inson,
THE CHRONICLE.
2GG
Pao. RB. Oo. of New Mexioo and will own some 500.0' acres or bltu
m'noos ooal lands 189,400 aores In fee simple ano coal ilirhts and
surfaoe nectary for mining In 314,300 acres. The railway line.
startlDft at Des Moines, N. M., on ihe Colorado & Southern Rv., 80
miles south of Trlnldud, Ool., will extend westward to Raton, N M
on the AN'bison Toi>ek-t * Santa Fe Ry., and thence southwest, crons
InR ihe Dawson RR.. at a point culled Koehler, to Cimarron and the
El'z^beth'own iinnlnK dlstrlot In the Moreno valley. Ultimately the
line may be extended westward to Fatmlrjgton, in the Ban Juan val
ley, In the ex'rune nor'hwest part of New Mexico.
The onmpanyv c a' fields are situated In the eastern foot hills of the
Rooky Mountali s. w*st and southwest of Raton, N. M. They are a
continuation of the well-known Trinidad measures. Mining and cokemahtt'g are ?olr g on t-uecesKf ully and eminent authorities agree in estimating th« amount of woikable roal In the aoiualiv proven area
(42,700 acres) at not less than 3PO.OOO.O0O tons, or enough to permit
of an output of 3 ftoo.000 tons a year for 100 years, with an enormous
reserve tonnage 1n the balance of the tract— 461, 0<'0 acres. All of th«
ooal Is hitnminnus. low In sulphur and wall adapted for shipping, satisfactory for making steam and for the produoMon of onhe for smelters;
and an "upper" eeam, uow to be developed, yields a first-rate domes<fe
.
tic fuel.
The company has in operation at B'ossburg and Van H>nten two wall
equipped mining plants and 84 coke ovens; present productive capaoity
neatly 3.000 tons of coal per day and 42,000 tons of <oke per annum.
With a part of the bond li-sue the capaoity of the mines win be Increased speedily to about 4,000 tons of steam coal aDd about 2, 000
tons of domestic coal a day and the number of ovens to 2b5, with a
capacity for an output of 132. S00 tons of orke a yeir. In 1903 the
sales amounted to 378/00 tons; In 1904 to 391,000 tons. Contraots
4V.00O
tons of steam coal a year, including 300.000 tons taken
A'chls-'n Tot efea & Santa Fe Ry., are now operative. An early
tons per annum and within a f«w
Increase Id the output to 1,200,0
years to 3.0' 0,000 tons, may be anticipated reasonably. The ma- kefs
now available for B'e«m ooal are chHfly In New Mexico, Ariz >na,
Western Texan and Mexico, and for domeetlo coal In New Mexloo,
Western Tt-xas, Oklahoma and Kansas. The Indicated profits of 1905
from ooal mining and o >fee-maklng on the basis of present actual nales
are from $1 80,000 to $200X0 >. At 1,200,000 tons the profits should
be not less than $6< 0,' 00 annually.
The 1 ?0noiles of railroad presently to be constructed will traverse
prairie country from Des Moines to Cimarron, about 100 miles, with
maximum grades of 1 p. o.; in CimarroD Canon maximum aig p. o.
Rails, 80-oound steel. The company's ooal will rank first In lm
large proportion
portarce as freight; only second will be lumber.
of the timber tributary to the line, estimated at I,0o0,o00,000 feet. Is
controlled by interest* closely affiliated with the compai y and lum
berlng operations will begin on a large scale as soon as the r»ilr.»ad
makes ih»rpgion accessible The Ellzabethtown and Baldy uiii.ing districts, at>ont 70 miles weft of Ratoo, will be tributary to the new railway exclusively. The prairie and valley lands, when Irrigated, produce large crops of wheat, oats, barley, alfalfa and hay, and are particularly well adapted to angar beets. In the valleys are many bear
ing apple, pear and peaoh orchards. In ihe prairleand valley oountry
from 50.000 to 75 000 bead of cattle are grazing. A large volume of
for
by the
A
passenger express and mall traffic Is assured from the start.
Capitalization Tne company will issue its first mortgage flftvyear 5 p o. gold bonds, seoutel by direct first mortgage lien on the
entire coal property and upon the first mortgage bonds of the railroad
company. Authnilz d bonded debt $15,000,000. of which *d,000,000
to acquire the ooal properties, f 500,000 to Improve the same and #3,
600,0o0 to build and equip the 120 mileB of railroad. The remainder
will be reserved under suitable restrictions for future improvements,
extensions and betterments. Capital stock $10,0^0,000 common
shares and Si, 000 000 5 p. c. non-cumulative preferred shares, with
preference as to dividends and to assets.
EARMiNGs.—The following Is an estimate of results after the completion of the railroad and when a ooal and coke output of 1,200,000
tons per annum has bf en secured:
$7S8,2S5
Railroad frelerr earnings
Passenger, express and mail earnings
95.250
—
Total railroad gross earnings
$353,50^
$3«0,OPO
000.000
Net earnings from railway operations
Net earnings from ooal and coke operations
Total net earnings
Interest on $7,000,000 of
first
mortgage 5
p. o.
bonds
$440,000
$350,000
Balance available for sinking funds, additions, betterments and dividends
$590,000
The maintenance of a proper management is to be assured
by placing the stock of the company in a votine trust for a
period of at least five years, or until dividends of at least 4
per ceDt per annum have been paid on the common stock for
Tbe personnel of the voting trust is
five coDPpr'utive years.
Robinson. Botb
to be puV\j >ct to the approval of Fisk
ih9 con pany and its subsidiary railway were incorporated in
&
New
Mexico on July
11
1905.— V.
81, p. 156.
Application to List.—
St. Lonig & S m Francisco RR.
The New York S ock Exchange has been requested to list
$1,107.0C0 additional refunding mortgage 4s of 1951, making
the total amount listed $60,104,003.— V. 80, p. 2400.
r
San Fra-ciHco & North Pacific Ry.— Called Bortdi. -The
New York will pay on Feb. 7, 1906
at 110 ard interest, $28,000 bonds of 1889 drawn for the sinking fund.— V. 79, p. 1460.
Undprfirrnurd Electric Railways, London.— NewSeciaiti's
— For Subsidiary —The Metropolitan District Ry.
has called,
Mercantile Trust Co. of
or shortly will c*ll, a meeting of its shareholders to autbon'ze:
(1.) The issue of *7f>,000 second preference stock, being the amount
of the subscription to the Whlteohapel & Bow Ry. Co., under Act of
1902, and the addltiot a second preference stock of £HOO,o< uuder
the Actsof 1H97 and 1905. (?.)To sanction the raising of money by the
creation, under ihe Act of 1905, of debenture stock not exceeding
8
£1CO,000.-V. 81, p. 156.
1
Union Pacific R it.-- Common Dividend Increased.— The
directors on Thursday placed the common etook dividend on
a 5 p. c. basis, declaring a semi-aDnual distribution of 2%
p. c, payable along wiih the ueual preferred dividend on
Oct. 2 to holders of rfcord Aug.
For the 11 months ending
May 31 tbe PVPtem reports gross earnings of $54,105,188, as
sgainst $50,661,862 In 19( 3 04, and net earnings of $35,146,877,
contrasting with $22,921,421.
Previous dividends (per cent) were:
—
On common
On preferred
-V. 80,
p.
2221.
.
1898. 1899. 1900. 1901. 1902. 1903. 1S01.
3^
4
4
4
4
1*2
4
4
3^
4
4
4
Virginia & Trackee RK.— New Stock -Cha ge of Name.—
Tbe shareholders at their recent meeting uurhv riz*d be sale
company's property to a new corporation, the Virginia
Truckee Rallwav Co., with authorized capital strife, it is
understood, of $7,000,000. The road ru'.s from Reno, Nev., to
Virginia, 52 miles, and is to be extended from Car-on City to
Grtrdmrville, 20 miUs. Directors of newcompam:
of the
&
D. O. Mills, President; H. M. Yenngton, General Manager; E. B.
Yerlngton, Secretary; George T. Mills. W. R F Deal, A. M. Ardery,
James Nawlands Jr W. E. 8h4ron and J.
Ejkley.— V. *:0, p. 2346.
West Inilla Elect- ic Co., Klugi-ton, Jamaica.— Bonds
Offered.— E H. Giy
Co., in recently Spring at par and interest a Mock of tbe first mortgage gold 5-*, said:
The total mileage is 30 miles, and the company operates under a
speolal lloense granted in 1897 by the Governor in Privy Counoll for
hlrty sears, with provision for extension for p* rj d< of twenty years
ata time, the franchise thus being practically jerpetual. V.T8. p. 1279.
Apr., 2
2
W
,
&
Went Virginia entral & Pittsburgh tiy.— Complete ConfoUdation.—S'ie Western Maryland RH. below.— V. 80, p.
1425.
Sde— A
Western & Atlanlic RR. -B.il to Au ho^z>
bill
has been Introduced into the GdOTg a Hoose of Representatives authorizing the sale ot this road, whtcb is owned by the
State of Georgia, the minimum price to be at $10,000,000.
The rn»d is operated by the Na9bvi)l-> Chattanooga & 8t.
Loui* Rv. Co. under lease, expiriog Die, 27 1919; rental,
$42(»,0 ;2 p=?r annum.— V. 51, p. 23.
Western Maryland RR.— Bond.
Win. A. Read
Offered -Conto'dxtion.—
and Grso. P. Butler & Bro., in otttriog a
mortgage 4 p. c. 50-ye»r gold bonds, author-
& Co.
block of the first
d $f0 000..O0O, outstanding $31,923 0C0, state tbat the connecting line of 59 miles will be completed about Nov. 15,
giving the company a railway system of 584 miles, extending
from the company's extensive terminals in Baltimore to its
large coal deposits in West Virginia, etc
The mortgage is
already a direct first lien on 157 miles of the system and, we
understand, ia about to ba made a direct seoond lien through
conveyance, shortly to be effected, of tbe
st Vi'g'ma Central
Pittsburgh and other proprietary compani-s (all of
whose stock is now owned), subject to $^,2 )<),000 divisional
hens (which must be paid at maturity) on additional main line
of 227 miles, makiag the total miles thus Ct>v«-r.-d or to be
covered as a direct lien 384 miles, By drp sit with tbe trustee of practically all tbe capital stock of proprietary and
leased companies owning roads in Pennsylvania and Maryland, tbe mortgage covers in addition (subject to $1 281.300
underlying bonds) 131 miles. The total mile-ipe thus covered directly or indireotly by the mortgage is 515 mies, the
remaining 19 miles leased and operated not being covered by
the mortgage. Control of the coal and coke properties is
pledged by deposit with the mortgage trustee of an of the
Pittsourgh R/. Cj.,
stock of the West Virginia Central
circular says
which owns these properties.
On the retirement of $3,900,000 divisional liens, covering the road
bee ween Bellngt. n and Cumberland, 161 miles, and due in 1911,
when they must be paid as per fpacial covenant, the tirst mortgage 4s
will beoome the direct first lieu on the oontlauous main Hue railway
from Bellngton to Baltimore (exoept on 13 miies), and collaterally secured by all the stock ol the company ownlrg the coal reserves, whloh
will then be free and dear of all encumbrances. The o »ai reserve consist s ot upwards of 100,000 acres of ooal lands, o 'naming approximately one billion tons of the best quality bituminous coking ooal
and nearer to tidewater than any oiher bltumioous ooai fi-dd, with 15
thoroughly equipped mines. Tq's district for Beverai years has produced over 2,ooo,0 jO tons of ooal per aunum. and has a large addlUtnal productive capaoity. The coal properties also Inoiude ooke
ovens with a capaoity of 400,000 tons per annual.
Compare statement to New York Stocfc Exchange, in V. 79,
p. 2692.— V. 81, p. 156,
iz
W
&
A
&
:
INDUSTRIAL, WAS AND MISCELLANEOUS.
A
Co.— Contract* Awarded.— trade paper
ihat the company "has awarded iuiual contracts
for huge extensions to its work* at Weet AUis, Milwaukee.
The additions, on which work w'H bes;tn Immediately, call
for an expenditure of about $3,0* 0, OJ."— V. 80, p. Ifc53.
Amalgamated Copper Co.— Divi end on S p. c. Basis.
Tbe directors on July 20 declarea a (quarterly) dividend of
1J^ p. c, payable Aug. 28 1905 to stocdnolders ot record July
2i, so making the annuU rate 5 p. c, contrasting with
1901.
1905
1900.
190?.
1903-04.
2i*%
Feb., 1% May, 1%
1h%
2%
8%
Allis-Chulmers
says
—
.
.
See Boston & Montana Consolidated Copper & Sliver Mining Co. below.— V. 80, p. 2459.
American Chicle Co.— Earnings— N-.w Director.— The report, submitted to tbe shareholders at tne annual meeting on
Net income for year ending June 30 1905,
July 18 showed
$1,226,000, from which were paid dividends of 12 p. c. on the
$6,000,(100 common stock, $720.0 0; also 6 p. c. on the $3,000,ii(0 preferred stock, $180,000; leaving a surplus on tbe year's
operations of $326,000, and increasing the total undivided
John D. Adams was
profits June 30 19>i5 to $1,315,000.
elected a director to fill tbe vacancy caused by tne death of
:
his father,
Thomas Adams.— V
79, p. 271
American Malting Co.— R(ducti)n ani Readjustment of
Capi'al —The foiluwing committee has neen formed ac the
request of the holders of a large amount of each class of
stook, with the approval of the board of directors,
to
act under an agreement dated July 6, 1905, to carry into
without compensation, the following pioposed plan
and readjustment of capital
John G. Jenkins, Chairman; Robert C.Martin, H nry De Coppet,
ffect,
for the reduction
1905
Anr
[Vol. lxxxi.
:
Michael Coleman, Marshall S Drlggs and Wliberf»rce Sally, with
Louis L. Stauton, Seoretary, and Standard Trust Co. depositary.
—
July
PROPOSED CAPITALIZATION.
American
$3,000,000
strok..
be leaned In
exohanae for the exUtlng $13,400,000
stock outs andlng. at the rate of $14 par
5,896.000
value of new stock for $100 of old stock (about)
common
$104,000
To remain In treasury or unissued (about)
Preferred stock, dividend rate to be limited to 4 p. o for
two yearn and to 6 p o. thereafter, preferred as to dividends and aseets cumulative from Oct. 1, 1905, dividends
$9,000,000
payable semi annually
To be issued in ex< hat ge for the existing $14,440,000
7 p o pref. stock, including claims for all aocumulated
dividends, at the rate of $62 par value of new stook
8,953,800
for $;00 of old stook
In the treasury or urissued (about)
consolidated niortgsge bonds of the
remain undisturbed.
To remain
The
$17,200
oompany
$3,."00.000
.
—
Per
<Wtp
flommon.
—
,
,
Nno
about 989,446,882.
While there have been during the past six years violent fluctuations in wool, as well as in the market for good*, your oompany has
easily earned its dividends on the preferred stook, has aoonmulated a
substantial surplus, as shown by the last annual statement (V. 80, p.
I05K), and, moreover, has built atMajnard the largest woolen mill in
the United States, thoroughly up to date in every particular, (here
being no enoumbranoes on any of the properly, the management
looks forward with ooLfldenoe to the future.— V. 80, p. 244'\ 1055.
may In
their discretion determine. The foregoing estimates of pro?osed oapl'al'zatton and of the readjustment of stock are upon the
asls of all the existing stook of the company assenting to tin plan
Falling such unai>imt'y, departure from suoh estimates may be made as
the committee shall deem wise in the Interest of holdes of the stock
deposited hereunder, the depo^l'or", however, to be niv»n two weeks
within which to withdraw In case they disapprove the modifications.
Stockholders desiring to participate in the plan may be
parties to the agreement by depositing th-ir stock certificates, endorsed for transfer in blank, with the Standard
Trnst Co., 25 Broad S\, New York City, on or before Aug.
15 19C5. See advertisemtnt on another page.— V. 89, p. 1915,
come
1480.
American Roiling Hill Co., Middletown, 0.— Acq'rf iticn
—This New Jersey corporation, successor in 19
of the American Steel RoofiDg Co., Cincinnati, has pur-
— iVetc stock
chased tne property of the Muskingum Valley Steel Co.,
Zuiesville, O,, and to cover toe cost and to inon-ass the
working capital of the combined properties has Increase its
from $750,000 to $1,4 0,000, of which $800,000 is
6 p. c. cumulative preferred.
A eyadicate, headed by
E.
Hutton &C) of Cincinnati, has purchased the preferred
shares, which are now ff-red at 110.
Tue total annual capacity of the two plants, it is said, wi'l be 35,003 tons of intens of black and galvanized sheets, includgots and 80
W
<
ing roofiog ma'er'als. Directors are :
George M. Wr'.ty, Mlddletown, 1 Pres. aDd Treas.; W.
,
R
T.
Simpson,
MMdletown, O., 8-creta' >
Joseph M. Iaemlnger of Middlerown, O F. H Simpson and William
Chile tie Herron of Cincinnati and W. 3. Horner of Pittsburgh, Pa.
Ctnolnna'l, Vloi President;
O. Phillips.
American Shipbuilding Co.— Dividend Resumed on ComStuck. — Toe directors on July 19 d^lared a dividecd of
mon
common
stock, payable in four quareach, the first on Sept. 1 to
holders of record Aug.
Dividends on the common shares
were suspended in D cember 1908, after 4 p. c. in all hid
been paid. The preferre i ( j7.9rO/'00) ha* received its 7 p. c.
per annum regularly to date.— V. 80, p. 2321, 224.
p.
—
c
.
—
American Snuff Co.— Purchase The business of manu
factnring suuff acd tobacco heretofore carried on by Weyman
& Brother of Pittsburgh haa been conveyed to a corporation
called Weyman & Brotuer.
The stock of this company is all
held either by Ameiican Snuff Co. or by others in trust for it.
This corporation his aa authorized and issued capital stocb
of $500 OCO
Toe new corporation referred to is the owner
not only of all the business and brands of Weyman &
Brother, but the property used in its business by tiat c partnership, except real estate.
Cash was paid and no
eecurities were issued by the American 8nnff Co., nor will
issue on account ot the transaction.— V. 80, p. 1055.
Am
ricun Steel Foundries.— Bond Issue.— The board of
directors has decided to issue $3 500 000 6 p. c. sinking fund
bonds, secured t>y a first lien on its plants and stocks of subsidiary companies Tne bonds will be first c flared ratably to
the preferred an t comm
stockholders at 80.
syndica r e
on a commissioa b*sls is being formed to take such, of the
bonds, It any, as are not subscribed for by the stockholders.
It will include many of the stockholders and directors.
In
the opinion of thi board the bond issue Is necessary in ord«-r
adequately to meat the requirements of the company; $1,0 JO,
000 of the proceeds will be used to take up a loan wheo. was
recently ":al« to pay a part of the consideration fir tnSimpley R-iilway Applianc- Co , which cost abou* $},") i,000,
and which is earning abut $50,00) per miath. Toe reaiii.i
derwllbeus'dw payfjrnw plan's and ad Into .s which
m
A
)
have been bntit by tht) c>moany«ia;e Its organlz t'.ion au<i
paid for from wjrJtinsr. cip'.'a
an I to supply tne coca
pany with (•nffiM->nt a Mulonal w >rkioi< ca^i il to m^et the
demands of a largely iuareasid and increasing buiin-js-".— V.
81, p 83.
1
,
Am
rlcan Tobicco
Co. above.
-V.
Co.— An
81, p. 213.
lisit ion.
flaltimore Electric Power Co.— Adverse Deciiinfor Subiary.— See Maryland Telephone
Telegraph Co. balow.
V. tO, p 1060.
&
ft
Bethlehem Steel Corporation.— Fcrat Dividend —This
company, successor to the Uuittd Stares Shipbuilding Co.,
declared on Tuesday a quarterly dividend of l^p. c. on the
preferred stock, payable Aug. 1 to stockholders of record on
July 25 out of the surplus net earnings of the company for
the quarter ending June 30 1905. The office is at 100 Broadway.— V. 80, p. 1114.
Boston & Montana Consolidated Copper & Silver Mining:
Co.— Liviitni. -This company, nearly allot" whose $3,750,
000 stock is owned by the Amalgamated Copper Co. (%eethat
company above) paid on July 20 its third quarterly dividend
for 19j5 at the uniform rate of 160 p, o. per annum ($40 per
share, par $25). Last year the quarterly dividends were 8
p c. each, but with extra payments of 12 p, c. in July and
October and 200
p. c. in
December— a
total of 256 p. c.
DIVIDENDS (PER CENT) PAID BY BOSTON & MONTANA CO.
1004. 1908,
*!5S
1-
02. 1901. 1800. 1899. *98.
32
24
p.
1481.
-V. 80,
140
ITi
141
64
97. '96. '95. '94. '»2 '93. '91. '90. '89. '88.
48
40
28
8
—lee American Snuff
None.
16
20
20
16
Brooklyn B r u?h Gas Co.— Mortgage,— The company has
new general mortgage for $1,000,000 to the Title
Guaranty & Trust Co., as trustee. Of the bonds, |5nn,000 are
reserved to take up the first mort. bonds. (V. 68 p. 230, 87.)
The new bonds are dated Jane 1 1905 and are due June 1 1945, but
filed lis
subject io oali on any iotereet day at 105 and interest; denomination
$' .000 gold; interest 5 p. o. per annum, payable Deo. 1 and Jane 1 at
flloe of trustee.
No sinking f und.— V. 80, p. ZQii.
>
—
,
;
4 p. c. on the $7,60 >,C00
terly instalments of 1
subscribe. —Stockto
are offered the right to subscribe at
par for $5 0W.000 new 7 p. c. cumulative preferred stock to
the extent of 1 share for every 10 phares of present holdings,
either common or preferred. The right to subt-crlne expires
Aug. 15 at 2 P. M., payments to be made 50 p. c. Ang. 15 and
The prooeeds will be used tor working
50 p. c. Sept. 1.
capital.
The new stock has been underwritten by Brown
Bmp. & Co It will make the entire authorized issue of $35,UCO,000 preferred stcck oursrandirg.
Iu a circular, President Wm. M. Wood pays In substance:
The lnoreased and increasing business necessitates the us i of more
capital, not for the purpose of new o instruction nor for the acquisition of new plants, bat simply to Increase the working capital,
rin
business of the company the first half of this year wis by far the
1
—
Preferred
capital stock
Woolen Co.— Option
holders of record Aug.
largest in its history, while the business for the current six months
promises to be still larger. The estimated total outi>u-. of goods for
th* year 190S is about $15,O0O,O0D, against au ouopm in 1904 of
Total.
Per $100.
Total.
$ 00.
*44
$5,8*6,000
Oommon
....
$32
$3,952,800
Preferred.... 14,440,000
Readjustment of capital will be accomplished by amendment
of orinpany's cert li.iare (if incorporation, and by the reduotion of
ltB capital stock, t<> be t floored by the surrender by every shareholder
of his shares, and the Issue to him In lieu thereof of a decreased number of shares or in any other manner provided by law, or by the sale
of ihe assets and business or the oompany and Its acquisition by a
new ei m.'Hiy wbloh t-hali assume the mortgage and other debts of the
existing couiianyand issue stook as required by said plan, by the
transfer of the depositee stock to a new oompany lu exchange for
stock of such nt-w company, or bv a combination of two or more of
said methods, or by any other method or methods as the committee
outitancfg.
$13, OJ.OUO
'2G7
will
TEEMS OF EXCHANGE.
Amount
Existing--
-
THE CHRONICLE.
22 1905.]
Common
To
—
-;.
Brooklyn Ferry Co. of New Y« rfe.— Interest Payment.
President O'Doaohue anncunces by advertisement that the
u pons of the first consolidated mortgage bonds due Aug, 1
19U5 will be paid upon presentation on and after that date at
the office of Messrs. H. B. Hollits
Uo corner of Wall and
&
Broad
streets,
New York.— V.
,
78, p. 1277.
Buffalo Union Furnace Co
—Mortgage.— This company
and tne Uuiun Iron Co. have made a second mortgage for
f 80,000 to the Brie County Savings Bank of B iff tio to proviue for improvements to the valuable property on Hamburg
Street, Buffalo.
Tae savings bank also holis tne first mortgage of $54,000.— V. 71, p. 1069.
By-Prodncts Paper Co. of Niagara Falls.- Sile Confirmed.
— J uetlce K-:nefick in Special
Term of Suor. me Court.it is
confirmed the sale of tbis company's property for
*60,900.-V. 80, p. 2346.
stated, ba*
Calumet & flecla (Copper) Mining Co.— Report.— The
J
19j5 shows an increase In surplus
of $561,504 as compared with 1904. There was produced
balnnae eheet of April 3
during the year mineral equal to 43,090 tons of refioed copper,
« a against 41,622 tons last year; rcflaed copper 42,322 tous,
against 33,308. The price of copper varied from Vi% to 15}£
cents per pound and is new about lb}4 centP. There were
paid duriiig the year dividends aggregating $45 per share—
'80 p, c. contrastiag with 160 p, c. in year 19j3-04.— V. 80, p.
873.
Cambridge (Mass.) Electric Light Co.— Dividend Increand. — This company, which in July 19)4 increased its
dividend rate from 6 to 8 p. c. per annum, has now increased
its rate to 10 p. c. per annum, having declared a quarterly
dividecd of 2% p. c, payable Aug. 1 to stockholders of
record July 20.— V. 79, p. 629,
Cambridge Elf ctric Securities Co.— Controlled Company—
Jmreatie of Dixi t(-nd.— See Cambridge E eotnc LtgUt Co.
auove.— V. 79, p. 629.
•
an Milan Northern Prarle Lands Co.— Ally of Canadian
Tills company was recently iuoorpor*ttd at Toronto
.V r R't
^nh $o COO 0(0 authorz-td capiial etock, for Hie purpose of
purchasing from tie Canadian Nortnern lUtlway Co. a
portloa of its land grant. A p*r of the stock has been
placed in E inland and is reported as selling at a premium.
The outstanding capital stook, $1,500,000 (par value of shares fS).
was lsoued in payment f jr some 500,000 acres of laud to be eeleoted
THE CHRONICLE.
2(>8
The
frcm em on get tbe land gram of tbe Canadian Northern liy
company proposes to acquire further amounts of land from he rail-
tber sources as oprortULlty offers. Pr» silent, Hugh
way compnny
Sniberland of Winnipeg; Vice President. D. B. Hanna of Toronto,
Third Vice -President of the Canadian Northern Railway Co.
or
<
(hesapeate & Ohio (anal Co.— b'c U. — The stockholders
will met-t S?pt. 7 to act. upon the recent eale of the State's interest to the syndicate in control of tbe Western Maryland
Pits^urgh roads. An agreeand West Virginia Central
&
understood, has been reached by which the purchasers waive the right of tax exemption on tbat part of tbe
property purcha°«d which is to be used exclusively for railroad purposes.- V. 80, p. 165, 602.
ment,
it is
[Vol. lx^xi*
ton Consolidated Gaa Co has oalled for redemp'ion at the
Old Colony Trust Co., Boston, at 110 and interest on Feb, 1
19C6 its entire outstanding issue of $*>77,0O0 general mortgage 5 p. c. 20-year gold bond?, of which at last accounts the
Massachusetts Gas Companies owned $266 C0\
Contract, Etc. -"Boston News Bareau" Jaly 13 said:
The Gas Commissioners have set July 24 at IG:30 a m. as the time
for the pabl'o hearing on the P'-tltion of the B iston Cons'il. GaB O". for
approval ot tbe contract entered Into on Jane 15 -with the New England G ,s
Coke Co. to purchase a minimum dally supply of 3,*>00,0i O
co. feet of nnpurlfled gas ot 12-oandle power at 14 cents p-r thousand
teet. The hearing Is expected to be a perfnnotory affair, as no oppo,
<fe
Is anticipated,
tn addition to supplying gaa to
the Boston Con >-o ldated Gas Co the New England Gas * Coke Co.
supplies the Chelsea G*s Light Co., and proposes to supply the
Waltbam Gas Light Co.
O July 1 next the New England Gas & Coke will discontinue to
furnish tbe Charlestown Gas & Electrlo Co. a supp y of gas for which
It reoelves 30 cents per thousand teet. and th'a supply will probably be
sold other companies at a better prloe. The Char e-town Co. now
pnrohat-es abnnt l^O.OuO.000 oablo teet ot gas per annum from the
New England Gas & Coke Co.
The New England Gas & Coke Co. Is now turning oat 1 ,200 tons of
coke a day, Its maximum capacity, lor which It receives at retail $5 a
ton.— V. 81, p. *15.
sition to the contract
,
i
CMc«go& Suhufban Water &
Light Co.-Scle to City.This company is reported to have accepted the offer suggested by Mayor Danne that the city purchase the plant for
$250,000, nd an ordinance for the purchase of the system at
this price has been introduced in the Council.— V. 71, p. 1015
Clinton (Mass.) ttas Light Co.— Mortgage.— A mortgage
has been m*de to the American Loan & Trust Co. of Boston,
as trustee, to secure $350,000 of 4}£ p. c. 20-year bonds.— V.
>
80, p. 1425.
Monongahe'a River Consolidated Coal & Coke Co.—Lhit Action Deferred. —This company, of whose capital &tock
'he Pittsburgh Coal Co. owes $15,000,000 common and $2,-
Consolidated Gas Co New Tort.— Ally of Subsidiary.—
See Northern Westchester Lighting Co. below.
Reduct on in Price of Electricity.—The New York Edison
Co. on Juiy 1 in accordance with the recent Act of the Leg
islature reduced the price of electric lighting current to 10
cents per kilowatt hour in place of the old rate of 15 cents,
Power rates vary accordingly.— V. 81, p. 214, 38.
Consolidated Gas Electric Light & Power Co,, Baltimore.
See Consolidated Gas Co. of Baltimore, above.— V. 80, p.
dm
—
501,000 preferred, reports pattly estimated net earnings of
$300,000 for the eight months endicg July 1. but nevertheless
the directors at their meeting on July 18 decided to defer
action on the preferred dividend. The dividends on the preferred ($10,000. 0H0) were 7 p. c. yearly, July 1900 to Jan. 1&04
(J. J); in July 1904 the dividend was parsed; but in January
1905 1-54 p. c. (77 cents per share) was paid from earnings of
1858, 1781.
fiscal
,
Consolidated Gas Co., Baltimore.— Reduct 'on in Piiceof
Qaa.— The company announces that on Sept. 1 it will reduce
the price of gas to $1 per 1,000 feet.— V. 80, p. 1858.
El Paso Consolidated Go!d Mining Co.— Reduction in
Monthly D viiend,— Owing, it is said, to expendiiures for
improvements, the directors reduced the monthly dividend
payable July £5 from 3 to 2 cents, making the disbursements
only
% 49,000 in
Griffin
has increased
V.
place of $73,600.
Wheel
Co.,
Ch'cago.— New Stoc7c.~Tb\s company
from f 4,000,000 to $5,000,000.—
Hudson River Water Power Co.— Temporary R-ceivership
Vacut(d. — A press despatch states that the temporary receivership has been vacated and the proceedings connected there
with dismissed by Judge Ray, sitting in the United States
Court of the Northern District of New York.— V. 80, p. 1915.
International Steam Pomp Co.— 1 isted.— The New York
Stock Exchange has titted the $1,000,000 additional debenture bonds of 1913 recently issued, making the total listed to
date $3,500,C00.-V. 81, p. 2C8, 152.
Keystone Telephone Co., Philadelphia.— Management
Reorganized.— Fiak & Robinson, New York, havirjg purchased $4,0(0,000 of the company's bonds, the following
directors and voting trustees tie announced:
DIRECTORS (ONE VACANCY).
Nathan T. Folwell of Folwell Brothers * Co.. textile manufacturers.
Ayer.
President
of Merchatits' National Bank.
F. Wevland
Clarence L Harper, President of Union Trust Co. Philadelphia.
George Kessler. President of Integrity Trust Co.. Philadelphia.
George Bu'-nham\Jr.,of the Baldwin Locomotive Worfcs
James Collins Jones, lawyer, representing tbe Foerderer estatp.
Heullngs Lippinc'tt, President of National State Bank of Camden.
Marcus Beebe of Boston.
Michael Murphy, President of United S'ates Pipe Line Company.
Jacob E. Ridgway, President of Quaker City National Bank, Philadelphia.
TOTING TRUSTEES (TO HOLD 55 P. C. OF STOCK FOR SEVEN YEARS).
George Burt hum Jr., ChaiirnaD; Mureus Beebe, Michael Murphy.
Charles K. Beekman of Phiibin. Beekman & Menken, attorney 8, [New York.
T. IJcms, representing Fisk
& Bobinson.
The afoiesaid bond sale, it is stated, has enabled the company to pay all existing indebtedness, leaving it with $750,
C00 cash in the treasury.— V. 81, p.
34.
Eokomo Steel & Wir8 Co.- Reduction of Capital StoeJe.This Indiana corporation has filed a certificate of decrease of
authorized capital stock from $1,500,000 to $1,000,000.— V.
80, p. 119.
Locust Gap ImprovenK nt Co.— Decrease of Capital Stock.
—Tbe
shareholders will vote Sept. 20 upon deciea&ing thr
capital stock to $489,151.— V. 79. p. 1464.
Maiden & Melrose (Mase.) Gas Light Co -New Stock.—
The Massachusetts Gas & Electric Light Commiesion has authorized the issue of $202,500 additional stock (2,025 shares)
at $120 a share, to tay floating debt and provide for additions.
On June 30 1904 the company had outstanding $404,900 capital stock and $80 000 notes payable.
Maryland Telephone & Telegraph
verse
is the official notice:
There was a loss in the earnings of the company Id operating Its plants from Nov. 1 1904 for a period of four months, which
loss was caused by ih.3 annsnal conditions existing in navigation, the
rivers being frozen for a period of over three months, rendering
almost impossible tbe operation of its plants and the navigation of Us
steamboats; but during the next tuoceedlng four months this deficit
was entirely wiped oat and estimating tbe earnings for the month of
Jane a net gain of $3CO, 000 has been made ooveiing the period from
Nov. 1 1904 to July 1 1905. Notwithstanding, it Is considered advisable by the board f directors to defer aotion on the dividend at tLis
Whereas.
t
time— V.
80, p. 166.
capital stock
its
78, p. 106.
John
year 1903-4.
The following
Deciion— Judge Harlan
Co.,
Baltimore— A
in tne United States Circuit
Court at Baltimore on July 18 decided that this company
car not under the ordinance granted in 1896 by the City ot
National
Flreproofing
Co.— Dividend— Funding.— The
directors have declared the regular quarterly d vidend of \%.
p, c. on the preferred stock, payable on July 25 to holders of
record July 17. They have also authorized the sale of a
part, if not the whole, of the $2,500 COO 5 p. c. bonds of the
Federal Clay Manufacturing Co.,. guaranteed principal and
The is^e, it is
interest by the National Flreproofing Co.
now stated unofficially, "is for the purpose of liquidating
$1,460,000 floating debt of the National FireprocfiDg Co. and
furnishing additional working capital." Stockholders of the
National Company, it is said, will be afforded the opportunity for subscribing for these bonds on terms to be announced
in the near future. Compare V. 80, p. 2224; V. 81, p. 2L5.
New York Weighing Barge & Coaling Co.—Receiver*'
<?aZe.-Tbis company's undisposed property was hid in on
July 20 for a nominal eum ($230) by the creditors' committee, whioh also bid in the other assets at the sale some
months ago. The reorganization will now prooeed per plan
in V. 80, p. 1179.
Northern Westchester (N. Y.) Lighting Co.— Binds
Stephens & Co., 2 Wall Sc are iff -ring at
Offend T.
101 and interest $110,000 first consolidated mortgage 5 p. c.
ftO-year gold bonds of $1,000 each; dated June 1 19u5; maturing June 1 1955, but subject to call on and after June 1
1910 at 105 and accrued interest; interest payable June and
December 1, tax free. Colonial Trust Co., trustee. Total
W
—
,
$fi00,0(0, of which present issue, $373,000; held by
trustee to retire underlying liens, $73 000; held in treasury
for improvements and extensions and increase of business,
oircularsays:
$154,000.
issue,
A
is an amalgamation of three corporations which
hitherto supplied gas and electricity to various municipalities In New
Yoik State, as follow?: Village of Ossining, village of Croton, town of
Oxsii'lng, town ot Cortlai-dt, town of Mount Pleasant, village of Srlar0'iff Manor and village of Pieasantvllle, ail situated in Wes ohester
County. N. Y. There are no other ccrporati ns supplying el uer gas
Total population is estimated at
or electricity in the area named.
17,500 and is rapidly growing. The earnings for i he year 19o4 were:
Gross gas gal. s, $19,632; gioss electric sales, $*t>,23.-t; total gross
revenue, $65,865; operating expenses. Including taxes, $39,857; net
revenue, $26,008; interest charge on $373,0. O Nor hem Westchester
LUhiing Co 5 p. c. bonds, $18,650; Interest Charge on $7 s.000 4 p. o.
and 5 p. o. underlying bonds, $3,170; ba anee, surp'U". t>4,l«8. These
figures were made by ihe old companies before amalgamation. The
eentlemen now in oharge are olosely affiliated witu the Westchester
Lighting Co., the President of thatoompanv being &lso President of
The Westchester Lighting
the Northern Westchester Lighting Co
Co. (V. 80, p. 1001) Is owned ubsouitely by ihe Consolidated Gas Co.
of New York and there Is teason to believe tba* the Northern Westohester Lighting Co. will eventually be absorbed likewise, as ihe territory in wnich it operates Is surroanded on the east and south by
subsidiary corporations of the Consolidated Gas (Jo.
The company
Baltimore charge for unlimited seivice more than $48 a year
for telephones tarnished business offices nor more than $36 a
The company was incorporated last May with $1,000,000
year for telephones lurnished dwellings. In 191 2 the com stock and acquired all the properties and franchises of the
pacy increased these rates to $72 and $60, respectively, and on Northern Westchester Light & Power Co Osstntng Heat,
JaD. 30 the present suit was brought by a number of tele- L ght & Power Co, and Briarcliif Mauor Lttth & Power Co.
phone subscribers. The company is reported to have 8,500 Tne underlying bonds, aggregating $73,100 ar*-: Sing Sing
subscribers, against 6,500 in July 1902. It Is said the com
Mfg. Co. 1st mortgage 4 p. c 20-year bon is, $48,000, secured
puny may take he case to tbe Court of Appeals again or may by mortgage da'ed Nov. 1 1891 to Atlantlo Trust Co., trustee,
aek the City Council to repeal tbe rate ordinance on which »md 8ing Sing Electric Lighting Co. 5 p. c. 20-year bonds,
the opinion is based.— V. 81, p. 35.
$25,0f>0, secured by general mortgage dated Feb. 1 1896 to
Mastacbn setts Gas Companies.- Called J3ond"«.—The Geo. H. Lewars as trustee. F. A. Stratton is President, Mt.
Broofiline Gas Light Co now a constituent part of the Bos- Vernon, N. Y.; Chas. H, Werner, Secretary; H. Gr. Ruckle,
,
;
t
,
July
22 1905.
The
Treasurer.
cutstandh
THE CHRONICLE.
j
st^ok
is all
valne of $13,000,0(10, in addition to the patents, trade, marks
The net earnings for year ending Feb. 1
and good-will
1P0> were (906,419, and have averaged over $9J0,000 for last
of one class; par of shares, f 100;
g, $600,00J.
Pltlftbargh Coal Co.— Quarterly Dividend Not Declared. -
^•x veara.
The* directors ou July 18 decided unanimously to declare no
divideDd at this time on the pr ferred stock. While the ou'look is now stated to be good, the r cent competition and low
prloea in the bimmlnouB coat tradd resulted in reducing the
net earnings for the late quarter to about one-half the
amount which would be required to pay the dividend. Aft-r
ths meeting President Robbing issued a brief statement, in
substance as follows:
Toe new bonds mature Jaly
$ieft,8l7
April earnings
May
2<>9..'39
earrings
V. CO,
Juneearns. lesthuatod).. '-0J.000
$270.oo6
Balance of net earnings
Thn balarop of net earnings as above not only rematus after the
T-aymeit <f interest on bond* bat «lso after apportionment to the
MukiDif fund and ali fixed charges. The preferred Is a 7 p. o. 8t« c*.
The
making the dividend requirement S'ldO.OJ' fur the quarter
above statement showing net earnings for the quarter to be $270. Oti
quarter
<iivl
$2t*0,i
meeting
the
00
In
y
would li.dloa>e a i-liortaGe of
deed. The preferred stook. however. Is oumul itlve. ana all dlvideude
common
on
the
dlvldeud
Is
deolared
before
a
be
met
1l arrears must
The ueees.-lty for passlDg the dividend at this time Is due to the
recent competition In the bitumloous coal fields, but with the ourrent
boom in thr ir<:n *nd steel trade, and favorable conditions In the bnu
miaou* reKloLS, the outlook Is promising. Another cause, for adverse
conditions was the nVbt last spring against the lndep »n 1ents for th>»
control <f the lake trade, and with these conditions now removed the
next quarter ehuutd show better results.
The 'Pittsburgh D. spatch" eayo: "For the year to July 15
the amount of coal shipped was 5,500,000 tons, an increes"
over the Fame period of last year of almost 1.000,000 tons.
The trouble has been that West Virgluia and Illinois coal
fields, favored by railroad ownership in the way of cheup
freight rates, have forced down the price of coal in compe'itivc territory and compelled the Pittsburgh Coal Co. to makcorresponding reduction?. Officials of the company sta e
that at present thciy are filing contracts made early in th«
year and that within four or five weeks they will begin ship
ments for large current demand, for which much higher
prices will be obtained. Thry say that the outlook is very
gcoi ar d that with conservative management the whole
proDosiMon will be worked out."
<
River
—
Kepnbl c Iron & Steel Co.— Niw Rail Mill i/i. Operation.
Tae company at midnight on Jay 16 begaa operating its new
mid, rolling, ir. is said, on Monday about 400 tons
of rails.
It is understood in the trade that orders for some
35,000 tons of rails have toen booked.— V. 80, p. 1734.
steel rail
New England (Bell) Telephone Co,- Option to
Shareholders of record on July 15 are offered the
privilege of subscribing for f 500,000 new stock at par until 8
p. m. Aug. 8 to th- extent of one share of new stock for each
nine shares now held. Subscriptions are payable on or before
Au D\ 15. The new shares will participate in the October
dividend. The Connecticut Legislature recently increased
the limit of stock issue from |5,0 10,000 to $10,U03,0U0. If
also declined to repeal the law restricting the organization
of new telephone companies, which was favored by the independent telephone interests.— V. 80, p. 2398.
Southern
SuOacT-ibd. —
—
Toledo Gag, Electric & Hating Co.— Coruoltdstion. Circulars have been sent out announcing the terms for the proposed consolidation under this title of the Toledo Heating &
lighting Co. (V. 72, p. 884) and the TViedo G^.s L'ght &Coke
Co. Ses V. 73, p. 915; aho separate statement following. The
capital stock of the consolidated company will be |2, 500,00
and It will make an issue of 5 p. c. bonds for the same
amount. The stock of the Toledo Gas Light & Coke Co.
($900,000) will, it is understood, be exchanged for par In new
bonds, with bonus of 50 p. c. in new stock; the company has
outsranding |150,000 of 4 p. c bonds due Jan. 11910. The
Toledo Heating
L'ghting Co. has outstanding $200,000
stock and about $;00,000 of let mtge. 5 p. c. bonds due Jan.
1 1921, but subject tj call Jan. 1 1911.
—
:
,
&
Toledo Gas Light
& Coke Co — D.videnl.— The company
recently declared a dividend at the rate of;4 p. o. rer annum,
contrasting with 6 p. c. previously piid, the reduction being
due to the unusual amount of renewals which it has been
thought advlsaole to make in view of the great extent of
paviLg which the city is laying,
CoTcnolidUxon. See Toledo Gas E.ectric
Heating Co.
above.— V. 73, p. 915.
—
&
Toledo Heutiug & Lighting Co —See Toledo Gas Electric
& H. ctting
Co.
above.— V.
72, p. 884.
Tabular I)l*p ten Co., New York.— Furecl^ure Suit.—
The Central Trusc Co. of New York has brought suit in the
Supreme C >urt to foreclose the $300,' 00 mortgage made
Jaly 1 1897. Tne company's mail tub 3 svst.era include.-*
two double e.ircni:s, viz: (1) from the Main Pjst Office to tne
Sab-Post-Offije iu the Produce Exchange Building; (:) from
the Main Post Office to Postal Station H on Laxington Ave.
—V.
79, p. 2799.
—
Bag & Paper Co New Bjnd,. -Harvey F ak &
Sons have purchased $2,2;0,10j of the first mortgage 26 ye»r
5 p. c. gold bonds and will shortly offer th-m for sale at 98}^
and Interest. The bonds are issaed to acquire l,8uJ squ »ie
miles of wood-lands in Canada, along with sawinilla, e'e, and
are secured by a first morgage, authorized issue, t",, 00. 000,
covering all the property of the company of an estimated
Ciiion
January
1
1;
p.
United
$574,556
Sni.550
Sibsiaiiry Defers Lividen L— See Monongahela
Consolidated Coal & Coke Co. above.— V. 80. p. 2463.
1930; interest dates,
denomination, $',000; privilege of registration as
'o principal; Trust Company of Amerioa, New Y rk, trustee.
They are eubj-tt to redemption on any iuterest date at 105
aDd interest. There le a provision for payment of 2 p. c. per
annum into a sinking fund for the redemption of the bonds.
and July
PARTLY E»TIMATEO RESULTS FOR QUARTER ENDING JUKE 30 1905.
Total net earnings
lot rest on bunds
269
Express Co.— To Opiate Over Pert
company, which hand es the exoress
over the Cincinnati H itnilton & Dtyton. will on
Marq-iette
t>nsines8
24 12.
States
RR.— This
M
.rqnette
Nov. 1 take over the express bu-auese of the Pere
-vstem, that system bsing now controlled bv the C. H.
D.
Th* U. 8. Ert r ss Co. operates on about 30,00 mles railroad.
&
1
N~w
Butli-ing.
-Contracts have been
let
aid work Ve^un
ou a n*w 23-«t.<ry office building, to cost about $l,5'>0,"no, for
h» United States Express Realty C> a 56 to 6tt T.inity
The plot measures 1339 feet in Greenwich St 118*7
Plac j
feet in R cor St., 142 feet iu Trinity Place and 13»'1d feet
along its southern line, covering an area of about 17,800 sq.
'eet.-V. 79, p. 1026.
1"
.
,
Wayne
(Pa.)
Water Works
Co.— Bonds
Offered.— See
North Spriagficld (Pa.) Water Co. above.
Westchester Lighting Co. -Ally.— See Northern Westabove.— V. 80, p. 1001.
chester Lighting Co.
Worcester County (Mass.) Gas C».—Ndiv S o :&.— The MasGas & Eiectrlc Light Commiseloo h*s au borized
8 iohu.-<ett8
he
par,
new company to make a first issue
$0) a share, to pay debt incurred
of $85,000 stock at
for coi struction.
—
The July e lition of the Hind-Bmk of Railroan S-cnrities,
compiled by the publishers of the Financial. Chronic e, is
now ready. The book contains in a small compass very full
information concerning the various railroads and the leading
industrials whose securities are dealt in on N^w Y >rk, B >ston
and Poiladelphia Stock Exchanges. Ic shows their earnings,
dividends, etc, for a series of years, present fix^d charges,
and also the amounts of the different issues of boods outstanding, their rates of interest, etc. There is also given the
monthly range of stocks and bonds for 1904 and to July 1
Price one
1905, together with a yearly range for six years.
or to Chronic e subscribers, seventy-five cents.
Cop'es may be obtained in London from Edward*
Smith,
1 Drapers' Gardens and in Chicago from P, Bartlett, 513
Mon idnock Block.
dollar,
&
-Win,
E. Bush, Augusta, Ga., offers by advertisement on
of this issue $175,000 of the first mortgage 6 p. c.
gold bonds of the Merrill-Stevens Co. This company has
been engaged foi- the past fifteen years in building and repairing all classes of vessels. Its plant is at Jacksonville,
Pla., costing to date over $350,000, of which amount $96,500
represented by the value of the site in the city and fourteen acres of land fronting on the St. Johns River opposite
he oifv. The company reports net earnings in 1904 of $18,9i7.
Tae bonds are a first lien on all the property and plant
and are offered at 102J^ and interest. Farther particulars
will be found in the advertisement and a descriptive circular
will be seat on application.
page
xv
U
— "Finances of G*s and Electric
Light and P >wer Eaterthe title of a practical hand book of 868 pages, by
William D. Marks, Ph. B., C. E., of Philadelphia, au engineer whose experience covers the building of the Lv;lede
u&s works, St. Louis, 1873, and the Philadelphia Eiison
station, 1890.
Hundreds of operating electric railways, gas
works and electric light works are analyzed, and their actual
figures of oost of operation are givdn.
Careful investors
ehould gain from this work much practical knowledge of the
true costs of these quasi public institutions
Price $2 50,
postpaid. Address Mr. Marks, No. 218. Bourse, Philadelphia.
—The attention of investors is called to th^ advertisement
on another page of Kmnioutt & Potter offering several bond
issues of the New Mexico Railway & Coal C
t-ystem.
The
property was recently acquired bv Paelps, D jdge & Cj. and
prises"
is
.
contemplated to spend some $3,000,000 in improvementspee annu ;1 report published in our last is^ne. page 208,
Fall
descriptive circular will be sent on application. The bonds
are offered at prices to yield
to 5)4 per cent.
it is
\%
—Julius Christensen & Co., bankers & brokers of Philadelphia, have taken over the Eastern budln s-< of the former
hrai of Morris Brothers & Christeoeen of Pailadelphia and
Portland, Ore. The firm Is composed of Julias Christensen,
'he active member of Morris Brothers
Christensen ia the
E mtern business, and Nelson
iiliater, former manager
of the Pailadelphia offbe of Morris B.others
Christensen.
G H
&
&
—The 1905 edition of the "Financial Red Bjok of America"
his been issued. Ic contains a list of ab >ar 18,01.0 names
wlih addresses of persons of wealth. The list Is arranged by
Th-re are also
Srates and suo-divlded by cities and towns
fiven lists of the members of the various Stook Eiohanges.
Price ten dollars. O. C. Lewis & Co., 6 Wall rit pnolleherd.
We have received from Messrs. Morris, Br >wn & Co. of
Pittsburgu a copy of a book giving useful information regarding corporations whose securities are d alt in on the
Pittsburgh 8tock Exchunge and also numerous companies
wh„sj leouritiea are not listed.
,
—
THE CHRONICLE.
270
& Muskingum
(JlmcinuuU
VOJL.
Vt>llej Kallroad.
(&ommzxt\<tl Qimzs.
3£faje
{Report for Fiscal Year Ending Dec. 31 1904J
LXXXI,
COMMERCIAL EPITOME.
President James McCrea says in part:
The gross earnings show a (Increase of $12,267, or 5*86 p o„ and the
netearnlngs a deoreaseof $33,152, or 19-11 p. o The freight earn
.
Friday Night, July 21 1905.
Unusually hot weather continued to be experienced over
a considerable area of the eastern section of the country
until the closing days of the week, and had considerable
effect upon business in many lines of merchandise, intensifying the quiet conditions usually
experienced during the present mid-summer and vacation season.
Reflecting, however, the general undertone of confidence has been
the steadiness shown by market values, few important
price changes being made.
A considerable volume of business has been transacted in pig iron, the larger sales made
being of Southern iron, and prices have been advanced.
Business in the steel market has continued fairly brisk.
Copper has had a good sale and at hardening prices.
Weather conditions in the West and South have been re-
Jngs deoreased $49,'<i4, or w94 p. o due to the falling off of traffic
handled, the tonnage having deoreased 220, <43 tony, or i9 6p o,
principally In coal truffle, caused by a strike of the coal miners whl<h
beyan In April and lasted until 8ept«-mber. Paisenger earnings In
oreased $2,231, or 1-41 p. o. There was a decrease of $2«,466, or i6-3ft
p. o in the expenses for maintenance of way and structure*, due to
the smaller number of rails laid as compared with the preoedlng year,
and to » reduction In the expenditures for renewals of bridges and oulTtr's. There were 228*01 tons or new steel rail laid. There was charged
against inoome for the year 190i $25,792 on account of additions
,
,
and Improvements, and #24,1X4 for extraordinary expenditures was
charged to ooat of road and equipment.
EarDiDga, expenses, charges and balance sheets have been
as follows:
INCOME ACCOUNT.
1901.
1902.
1904.
1903.
Barrings—
Freight
$447,011 $196,324 $431,389 $380,100
137,116
182,0n6
Passengers
156.^87
184.287
56,817
Express, malls and miscel...
73,074
68,248
57,188
ported generally favorable for the crops.
Lard on the spot has continued to drag, refiners being
light buyers, and the sales to exporters have been small.
Prices have been barely maintained.
The close was steadier
at 7'35c. for prime Western and 6'75c. for prime City. Refined
lard has been quiet and slightly easier, closing steadier at
7'40c. for refined for the Continent.
Speculation in lard for
future delivery has been quiet, and owing to the slow trade
demand prices have yielded slightly. The close was at a
slight advance.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Totel
$701,372 $746,628 $645,257 $574,0o 2
Expenses—
Mam enanoe of way, etc.... $135,385 $161,851 $143,067 $140,938
72,732
Maintenance of equipment.. 87,7 iO
97,041
102,169
220,661
Conducting transportation.. £02.871
248,988
276,641
6,29>t
General expenses
8.482
9,280
9,118
24,261
Taxes
31,504
26,303
86,076
Total
$586,750 $575,855 $^21,882 $4^3 8-1
Net earnings
$137,622 $170,773 $123,374 $110,141
Deduct—
Interet-t on 1st mort. bonds.. $54,000
$60,000
$64,000
$60,000
Additions,
Improve'ts, car
trust payments, etc
31.072
68,064
33,287
14.986
Total deductions
$95,072
$42,650
$)32,c64
$38,709
$93,287
$30,087
$7*,9S6
$35,151
Netinoome*
*
Paid dividends as follows: In 1900, 6
1903 and 1904,2
c; In 1901, 2 p. c; In 1902,
p.
p. o.
BALANCE SHEET DEC.
31.
1P04.
1903.
*
5
576,483 3,561,299
91,6^4
91,621
Assets—
Road, i-qu'pm't, etc.
Cost of seourlties
Materials and supplies
Miscella eous assets
Dut- bv other cos
Station age 1s end
ticket receiver
Cash In transit
Cash with Teasurer..
7P.766
22,199
6^,493
8s,6fa0
28,3ol
18,0(8
11,467
36,612
17,116
13.118
34,690
16,<>38
Total assets.
19
19(14.
LiabilitiesCapital stock
3.
t
$
2,O0i>/00 8,O0i,f0"
1.600 00" l,600,oo0
I st rvi
4 p. c. bonds
26.667
26,667
Acc'dlnt. 1st M.bds.
.
.
.
Aco'nts payable for
current expendi't's
49,784
Due o'ber companies 22,"88
Miscellaneous
147,126
74,073
34,< 8<t
70,806
Excess of assets of
Cin. & Mus. V. By.
Total
8,85? ,699 3,817,629
5,668
H,v38
9,4-5
liabilities.. 3,855,69n 3,bl7,629
79, p. 149.
Cuyahoga Telephone
Co.,
7.12H
<
.25
7.32H
Man.
7.05
7.20
Tues.
7.10
Wed.
7.12H
7.22H
7.25
7.32J4
7.30
7.27H
Thurs.
Fri.
7.02J4
7.15
7.07H
7.22H
7
7.20
27M
Pork has had a small jobbing sale at unchanged prices,
closing at $13 50@14 25 for mess, $13@15 50 for short clear
and $15® 16 for family. Cut-meats have been quiet and
unchanged at 6c. for pickled shoulders, 10^@10^c. for
pickled hams and 7^@9>^c. for pickled bellies, 16® 10 lbs.
average.
Beef has had only a small sale, but prices have
not changed, closing at $10@10 50 for mess, $11@11 50 for
packet, $12@12 50 for family and $19@25 for extra India
mess in tcs. Tallow has been quiet and unchanged at 4%c.
Stearines have been dull at 8c. for lard stearine and 7J^ C
for oleo stearine.
Cotton-seed oil has been quiet but steady,
closing at 283^c. for prime yellow.
Butter has been firmly
held for the better grades, closing at 17@21c. for creamery.
Cheese has had a fair sale at steady prices, closing at
9@9%c. for State factory, full cream. Fresh eggs have been
firmer for the better grades, closing at 19@19j^c. for best
-
Co. appl to pay. of
unad.ltabil. rhatco
Surplus of assets
—V.
Sat.
July delivery
September delivery
October delivery
Cleveland, 0.
Western.
(Report for Fiscal Year Ending Dec. 31 1904. J
coffee have been steady at unchanged
moderate
volume of business has been transacted,
This company on July 6 1905 paid a dividend of 9 p. c on
there being sufficient buying to absorb the limited offerings.
its preferred stock, discharging all arrears; also late in Jnne
The close was steady at 8J^c. for Rio No. 7 and 8%c. for
it sold $5<0,0C0 first mortgage bonds (V. 81, p. 33; V. 80,
The monthly earnings are reported from time to Santos No. 4. West India growths have been sparingly
p. 2624),
time in cur earnings department. In the report for the year offered and prices have held firm at 9J^c. for good Cucuta
and 11@11M C f° r good average Bogota. Speculation in
1904, made early in the year, President Dickson s&id in part:
Genf hal Results.— Our new switchboard was Installed on March the market for contracts has been moderately active; prices
Eth li>< 4, but we were not able to begin our campaign for new buhi- have weakened slightly under selling by Europe and sales
ness until April. On Feb. 29 1904 we bad In all 10,260 telephones; on against purchases of coffee for shipment from Brazil.
The
Deo. 31 1904, 14,^70; net gain, 4,110. The largest increase was durwas
steady.
close
ing Deoenbnr.
Following were the closing asked prices:
Financial.— Our financial requirements are $841,406, viz For current liabilities for development made during past yeor, $137,121; f< r July
7.15c.
6 65c. Oct
6.85c. IJan.
Brazil grades of
prices.
A
-
:
futnre development— 6,000 telephont
s. $240,000; for additional cable,
$1 '4.885; for Oollinwood plant, $4s\toO.
During Jan. 1905 $167,000 of adoltional bonds have been issued, of
whi< h $3/,000,par value, were used in acquiring the Collinwood plant.
leaving now in the treasury a balance of $135,000, par value, of
bonds. We alto have in our treasury $741,750, par value, of the pre
ferred stock of the Cuyahoga Telephone Co. The install -.tin of
6,0(0 additional telephones would undoubtedly give us sufficient
develoi ment to justify the lsnneof $">33,000 more of bonds and enable
us to provide for the large sums needed this year either by the sale of
bonds or by the sale or our pref em d stock.
Since Jan. 1 1904 we have not, paid the^preferred dividends as we
needed all available funds for development. As scon as we arrange
permanently for tlnanolng onr increase of plant we will be in a position to resume payment of these dividends.
Rteults for two years follow
EARNINGS, EXPENSES AND CHARGES.
:
19C4.
Earnings—
$
3?0,4'3
£4,-48
2t\8lu
1,184
Teleph. rentals
Building rentals
Tolls
Miscellaneous
Gross earnings
4b5,2T4
Operating
V aint enance
General
Taxes
1803.
>
3«, B 07
60.4)3
20,150
8,120
396,490
54.C67
R8,6< 8
67.474
49,402
100.Z35
45.28a
18,983
ltf,o41
Kxpenses and taxes .236,741 213,9(50
195.633 182.630
Netearnlngs
1991.
Deductions—
1904.
1903
TreHS. stock, pref...
Material & supplies.
Current asses
Deferred assets
741.750
47, 1*9
96,869
6,273
837,950
54.344
86,734
4,640
1
Total
Surplus
Compare V.
81, p. 33.
2,5' '0
l,60>
>
,8i'0
4,lf5
2,072
..184,642
137,985
10,991
44,514
1904.
1903.
*
$
1,500,000 1,5f 0,000
).6°o,000 l.DOO.c 00
Preferred stock
Mortgage bonds ...2,233 000 2,233.00)
Current liabilii ies. . . 437,121
17 ',338
Deferred liabilities..
10.475
6,84
46,4-tS
Reserve for divs
1,800
Ltabiiities—
Common stock
"i
Pront&lous, sarp...
,5,753,684 5,428,384
4.791
9,518
31.
Rts'eaccts., eund's.
Total assets
111.650
Miscellaneous
Ground rent
3.0 >u
Bad debts & deprec'n.. 6.786
Fee to State
I>iv. on pref. stock
43,956
Employee's share prof. 12,022
165
Items, previous year..
GENERAL BALANCE SHEET DEO.
Assets—
$
$
Property & plant. ...4.8"2 634 4,444,710
1803.
$
Ill 65 )
7,0i4
Interest on bonds
Total
1.
01
16.392
'
15.401
.6,753,681 5,428,884
Aug
6.70c.
6.80c.
Nov
March
6.95c
7.00c.
7.25c.
7.40c.
May
Raw sugars have been more firmly held reflecting stronger
advices from the European markets; refiners have shown
more interest as buyers, closing at. 4c. for centrifugal, 96Refined
deg. test, and 3%c. for muscovado, 89-deg. test.
sugar has been fairly active at 10 points decline, closing at
Other staple groceries have been
5 10c. for granulated.
Sept
Dec
-
,
-
quiet.
Kentucky tobacco has had only a moderate sale, the extreme price asked holding buying in check. Seed-leaf tobacco has been firm but quiet. Owing to light stocks of
old tobacco, offerings have been necessarily small. The new
1904 crop is reported going through the sweat in fine shape,
and is expected to show some attractive grades of tobacco.
Sumatra tobacco has been firmly held. Havana tobacco
has been in fair demand and firm.
Offerings of Straits tin have been limited, reflecting light
stocks, and prices have advanced closing firm at 31*75®32c.
Business in the market for ingot copper has been active and
f° r both Lake and
prices have advanced to 153^@15M C
Lead has had a limited sale at steady prices,
electrolytic.
Spelter has been firm, closing at
closing at 4"55@4'60c.
5'45@5"50c. A fairly large business has been transacted in
pig iron and prices have advanced to $15 50@16 for No. 2
Northern and $15 25 for No. 2 Southern.
Refined petroleum has been in brisk demand and firm,
closing at 6"90c. in bbls., 9'60c. in cases and 4c. in bulk.
Naphtha has been steady at lie. for 71 degrees and lie. for
76 degrees. Credit balances have been steady, closing at
Spirits turpentine advanced early in the week but
l 27c.
the close was quiet and easier at 62c. asked for machine
Rosins have been firm at $3 60 for common and
bbls.
good strained; pale grades have advanced. Hops have been
Wool has been firm.
steadier.
,
-
-
—
.
.July 22
1
—
.
|
—
.
THE CHRONICLE.
905.
COTTON.
Friday Night, July 21 1905.
THE MOVEMENT OF THE CROP
as indicated by our
given below.
For tin-
telegrams from the South to-night is
week ending this evening the total
104, 1S2 bales, against S1.59S bales
bales the previous week, making the
receipts have reached
week
last
aiul
62,162
total receipts since the
September 1904 9,677,S21 bales, against 7,089,956
bales for the same period of 1903-4, showing an increase
1st of
since Sept.
1
Receipts at
—
1904 of 2,587,S65 bales.
Mon
Sat.
Wed.
Tuts.
Fn.
Thurs.
Total.
5,979 34,770
•17
47
2,632 16.734
1,829,
4,494
200
2~S54 25,473
2,247
2.247
210
1,603
2,366,
4.675
9,772
5,807
6,171
1.550,
2,466
606
2 "27
"'533
5,274
703
L',.->S.-|
3,586
3',518:
8".S76
2",S52
200
3.7S7
311
"275
~126
"356
"325
Wilmineton
Wash'ton, Ac.
2,124
"999
"240
"546
"628
616
5,153
Norfolk
N'port N., Ac.
2,382
l",624
3~302
1~,54S
f,746
1,525
12,127
598^
345
""35
64
598
442
122
87
85
Galveston
Pt. Arthur, &C.
New Orleans
Mobile
Pensacola, &c.
598
Savannah
Brunswick, &c.
Charleston
Port Koval, Ac.
New York
Boston
31
"4
Baltimore
wk.
Tot. this
""23
871
""67
Ac
Philad<>lp'<i,
22,".
25,209
14.262
13,293
18
17,086
The following shows the week's
since Sept. 1 1904, and the stocks
last year.
—
total receipts, the total
to-night,
compared with
1903-04.
1904-05.
This Since Sep This
week.
week.
1 1904.
Galveston
34,770 2,712,970 2,296
Port Arthur, Ac...
47
289,187
New Orleans
16,734 2,606,847 9,048
Mobile
4,494
321,813
241
Pensacola, Ac
200
199,976
60
Savannah
25.473 1,793,458
1,289
Brunswick. Ac
2,247
198,813
Charleston
1,603
218,079
Port Roval, Ac
902
Wilmington
5.153
368.426
55
Washington, Ac
122
Norfolk
12.127
755,548 1,421
Newport News, Ac.
598
116
26,393
New York
442
22
33,069
Boston
122
77,462
179
Baltimore
87
61,676
38
Philadelphia, &c.
85
13,080
Receipts to
Julv 21.
Totals
13.665104.182
15,667
Stock.
SmceSep.
1905.
1903,
2,338,123
80,840
4,247
74,720
11,018
57,371
588
50.139
4,860
5,423
15.659
16,277
318
25,328
4,299
18,052 135,023
30,708
3,589
30,125
7,875
14,327
3,010
38,999
1,714
624
916
1904.
1
104,029
1,987,170
199,221
132,539
1,140,450
120,760
155,299
1,282
321,313
336
474,408
21,816
879
104,182 9,677,821 14,770 7.0S9.956 418.102 125,614
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipts at
—
Galves'n, Ac.
New Orleans.
1905.
1904.
1903.
8avannah
34,817
16,734
4,494
25.473
2.296
9.048
241
1,289
Cha'ston, Ac.
Wilm'ton, Ac.
Norfolk
1,603
5,153
12,127
5
Mobile
In.
News, Ac.
All others
3
.
Tot. this week 104,182
1901.
1.958
3,873
1,,721
854
5
597
1.421
116
12
2
54
18
241
299
869
55
598
1 83
1902.
69
14.770
10
17
1,267
438
4,379
3,860
12,544
1900.
3,964
10,638
33
2,903
84
68
3,115
148
3,600
741
6.206
1,375
4,451
548
24,553
27.954
1,131
5,508
1,248
6.743
•271
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, imi
We mid similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert a Harrows, Produce Exchange Building.
-On Shipboard, Not Cleared forJuly 2\ at
Orleans
Galveston
Great
—
for the
week ending
evening reach a total
of 48,540 bales, of which 20,403 were to Great Britain, 9,282
to France and 18,855 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1 1904:
Week Endlne
July 21 1905.
Exported
Exports
from
Charleston
Mobile
Norfolk
4.145
3,600
New York
Otberports
5,000
9.000
1,000
Total 1905
Total 1904
Total 1903
ContiBrltl'n Fra'ce nent.
10,497
4c
Pt. Arthur
New
7.357
Orleans
Mobile
100
Pensacola, 4c.
Savannah
423
.
Hruranrlclc
.
Charleston
. .
From
Sept.
1
Total
Week.
Contl-
Britain. Prance.
Total.
17.^541,241 .364 273,092
61,385
...
100 1.0150
200
400
200
400
11.880
12.303
Royal
"•Hmington.
B7Q.17712J
102,207
014.7
81,623
02.828
70,li;<<
110.808 22,172
276,817 51.480
156.253
3.379
li
176,116
N
port K..
4e.
575
979
575i
979
New York
...
Boston
Baltimore
3.20H, 1.925
4.641
.
1,788
1.078
1.855
V..34
Philadelphia
Ban Fran. 4c
Tout
Total 1903-0* _
5
20.403 9.282
663.
18, 855
9.074
1.788
2.S12
1.865
48,54"
176*549
9,664
802 14.116
21.254
321.770 38.591
101.170
132.417
U
59,4V
5,224 24,010 123770 294,332
2,113 2,413 20,552 105,062
8,604
543 19,466 200,394
Speculation in cotton for future delivery has been active
Early
slight advance in prices has been established.
Much
in the week the market showed a strong undertone.
talk was heard in the trade that the Government's Agricultural Bureau ma) r issue another report on the acreage,
which it was believed would show a reduction of about 20
Reports of too much rain, particularly in Louisiper cent.
ana were received. Bull interests were aggressive, and
with shorts fairly free buyers to cover contracts prices
made a fair advance. Subsequently there was a reaction
in prices. A private report on the condition of the crop was
more favorable than bull interests had expected, and there
was considerable selling against supplies of actual cotton.
Reports from the cotton goods trade quite generally advised an active condition of business, but it is maintained
that spinners have their wants for the present amply protected, and with the free offerings of cotton at present
prices were difficult to interest as buyers.
According to
most of the private advices received from the South the crop
is making favorable progress, most of the unfavorable crop reports received coming from the Mississippi lowlands. To-da}"
the market was easier during the early trading.
Liverpool
showed unexpected weakness, due, it was understood, to
free selling for the account of a prominent spot house, and
this had a depressing influence locally.
During the day a
leading speculative interest supported the market by buying
October, and as private reports were circulated of heavy
rains in Northeastern Texas, prices rallied, recovering part of
the early decline.
The close was steady at a net loss for
the day of 10@13 points. Cotton on the spot has advanced,
closing quiet at lie. for middling uplands.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
Fair
Even
__c. 1.30 on Good Middling Tinged.. c.
j
Middling Fair
Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
Strict Good Mid. Tinged..
on
on
on
off
off
off
off
on
Middling Tinged...
Middling Tinged
Strict Low Mid. Tinged..
Low Middling Tinged
Strict Good Ord. Tinged..
Middling Stained
Strict Low Mid. Stained..
Low Middling Stained
Strict
Low
off
off
off
off
off
off
off
off
11.71
10.62
11.00
11.44
11.96
10.72
11.10
11.54
12.06
10.62
11.00
11.44
11.96
10.62
11.00
11.44
11.96
9.80
10.42
10.80
11.24
11.76
10.00
10.62
11.00
11.44
11.96
10.25
10.87
11.25
11.69
12.21
10.35
10.97
11.35
11.79
12.31
10.25
10.87
11.25
11.69
12.21
10.25
10.87
11.25
11.69
12.21
9.05
10.05
Strict Low Middling Tinged. 10.21
Good Middling Tinged
10.55
9.25
10.25
10.41
10.75
9.50
10.50
10.66
9.60
10.60
10.76
11.10
9.50
10.50
10.66
11.00
95.0
10.50
10.66
11.00
Middling
Middling
Good Middling
Middling Fair
10.17
10.55
..10.99
10.37
10.75
11.19
11.51
GULF.
Good Ordinary
Low Middling
Middling
Good Middling
Middling Fair.
STAINED.
Low Middling
1 1
.00
middling upland at New York on
July 21 for each of the past 32 years have been as follows:
1905.cll.00
for
1897. C. 7 15-K
1896... IVs
1895... 7
1894... 7 1-16
1893... sys
1892... 7K
1891... 8H
1890... 12 7-16
1904... 11. 00
1903. ..12. 75
1902... 9%
1901... 8 7-16
1900. ..10
1899... 6 3-16
1898... 63^
C
1889-C.llK
1888. ..10 11- 16
1887.. .10Ji
1886... 9>*
1885. ..10
1884... 11
1883. ..10
1882...12J*
MARKET AND
11 11-16
1881.
1880. ..11 11-16
1879. ..11 9-16
1878. ..11 9-16
1877... 12 5-16
1876... 11 11-16
1875. ..14^
1874. -.17
SALES.
The total .sales of cotton on the spot each day during the
week are indicated in the following .statement. For the
convenience of the reader we also add columns which show
at a glance how the market for .spots and futures closed on
same days.
Sales of Spot
Spot
14,469
205
Market
<
1148
074
310 355
'losea.
05.798
8.11* 25.987i2.6J9.79H704.8Si 2.726.1716.«49.8#»
Market
Kx-
Closed.
port.
Thursday
Friday
Total
.
tract.
Total
2,400
2.400
HI. UK)
10.207
I
Steady.
Quiet.iopts.de
'Quiet
.
pts. ad
pts. ad
Contract.
Consum'n.
Saturday.. Quiet ,15 pts. ad Steady
Monday... Quiet, 20 pts. aa Steady
Tuesday.. Quiet,25
Wednesday Quiet ,10
and
Futures
325
633
177
.'.
0.06
0.12
0.34
0.50
0.84
0.50
1.06
1.50
On this basis the official prices for a few of the grades for
the past week would be as follows:
UPLANDS.
Mon. Tues. Wed. Thurs. Fri.
Sat.
Good Ordinary
10.00 10.10 10.00 10.00
9.55
9.75
77.006
345
310.355,
-.U.l.'l
0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30
Strict
i
169,046
S.407
2,278
.:'::
48,600
84,048
44,239
and a
'
Norfolk ...
556
51,647 17,586 25,303
558 5,757
9,711
4.060 3.302 2,957
6,9-1
74.617
stork
1,000
2,000
1004 to July 21 180*.
Qreat
Leaving
Total.
660 26,120
5,437 46,792
900 5,900
2, HIS
280 8,025
2,993
16,733 16.733
8,595
1,200
8,200 126,823
1,000
12,1)00
23,01 1
Exported to
Great
'•aton
this
Other CoastFur'on wise.
—
Savannah
Middling
Since Sept. 1.9,677.821 7,089.956 7625,499 7419,890 7490,715 6515,809
r-
12,940
10.052
20,502 12,986 7,261
5.000
The quotations
The exports
<;.
Brit'n, Fr'nee. )nany_
Steady.
107
THE CHRONICLE.
272
FUTURES.— Highest,
'*
S;
S
£
«;
N Y
lowest and closing prices at
93
1
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THE VISIBLE SUPPLY OF COTTON
to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
But to make the total the complete figures for
evening.
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
July 21—
Stock at Liverpool
Stock at London
Stock at Manchester
—
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movement— that
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the
since Sept. 1, the shipments for the
to-night, and the same items for the
corresponding period of the previous year is set out in
detail below.
Ul»
I
week and
week and the stocks
I
cn?
AT THE INTERIOR TOWNS
receipts for the
Go
nws o»= Qfc ^ oro Q»S-Qs)3 qsjS q»2 owS-QWa.o^-5j 03o p ? o
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op io poopcopSop^opSop STo ?50£ C;S
w 3
-
[Vol. lxxii.
bales.
393,000
21,000
31,000
1903.
431,000
15,000
41,000
631,000
19,000
445,000
41,000
142,000
4,000
126,000
4,000
35,000
23,000
17,000
487,000
28,000
148,000
4,000
111,000
3,000
22,000
21,000
15,000
650,000
22,000
108,000
4,000
125,000
3,000
40.000
11,000
6,000
1905.
1904.
793,000
15,000
53,000
861,000
1902.
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The above totals show that the interior stocks have decreased during the week 12,951 bales, and are to-night 96,801
bales more than same period last year. The receipts at all the
towns have been 50,868 bales more than same week
last year.
OVERLAND MOVEMENT FOR THE WEEK AND
1. — We give below a statement showing the
SINCE SEPT.
movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
overland
Total Great Britain stock...
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at Hamburg
at Bremen
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
9 ,000
259,000
1,000
96,000
3,000
24 ,000
18,000
5,000
at Trieste
415,000
392,000
352,000
319,000
Total European stocks
1,276,000
India cotton afloat for Europe. 108,000
Amer. cotton afloat for Europe 178,000
Egypt, Brazil, &c, aflt. for E'pe
27,000
Stock in Alexandria, Egypt...
97,000
Stock in Bombay, India
831,000
Stock in U. S. ports
418,102
in
interior
towns
Stock
U. S.
.. 176,666
exports
to-day
20,995
U. S.
837,000
96,000
57,000
17,000
88,000
432,000
125,614
79,865
839,000
112,000
45,000
16.000
21,000
547,000
219,860
22,761
5,218
969,000
56,000
67,000
22,000
60,000
415,000
233,059
79,993
9,513
Total Continental stocks.
1,502
—
Shipped
Via St. Louis
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati
Via other routes, &c
600,625
330,279
52,819
102,357
59,197
348,772
2,887
529
467
510,842
253,366
13.731
120,640
31,876
195,619
1,494,049
4,108
1,126.074
185,287
36,308
57,575
239
37
10
93.210
31,031
97,646
279.170
286
221.887
American
—
Leav'g total net overland.al0,523 1 214,879
movement by rail to Canada.
03,822
904.187
704
124
1,005
611
3,948
—
3,499
"214
11
a Including
Liverpool stock
Manchester stock
Continental stocks.
bales.
Amer. afloat for Europe
U.S. stock
U.S. interior stocks.
U.S. exports to-day
Total American
East Indian, Brazil, &c.
Liverpool stock
London stock..
Manchester stock
Continental stocks
India afloat for Europe
—
Egypt, Brazil, &c, afloat
Stock in Alexandria, Egypt...
Stock in Bombay, India
Total East India,
Total American
5,630
Total gross overland
12, 022
Deduct shipments
Overland to N.Y., Boston, &c
736
297
Between interior towns
from
&c,
South
466
Inland,
Total to be deducted
Total visible supply...
3,132,763 1,733,981 1,827,839 1,911,570
Of the above, totals of American and other descriptions are as follows:
1903-04.
Since
Week.
Sept. I.
1904-05.
Since
1.
Week. Sept.
July 21.
&c
720,000
48,000
381,000
178,000
418,102
176,666
20,995
277,000
24,000
261,000
57,000
125,614
79,865
1,942,763
825,981
936.839 1,189.570
73,000
15,000
5,000
34,000
108,000
27,000
97,000
831,000
116,000
21,000
7,000
131,000
96,000
17,000
88,000
432,000
92,000
15,000
5,000
83,000
112,000
16,000
21,000
547,000
1,190,000
1,942,763
908,000
825,981
891,000
722,000
936,839 1,189,570
1,502
339,000
36,000
269,000
45,000
219,860
22,761
5.218
531,000
269,000
67,000
233,059
79,993
9,618
100,000
19,000
The foregoing shows that the week's net overland movement this year has been 10,523 bales, against 3,822 bales
for the week last year, and that for the season to date the
aggregate net overland exhibits an increase over a year ago
of 310,692 bales.
1904-05.
In Sight and Spinners'
Week.
Takings.
104 182
Receipts at ports to July 21
10,523
Net overland to July 21
Southern consumption July 21. 44,000
,
50,000
56,000
22,000
60,000
415,000
3,132,763
,132,763 1,733,981 1,827,839 1,911,570
Total visible supply
5.91d.
6.32d.
6.60d. 4 27-32d.
Middling Upland, Liverpool
New
York
11.00c.
10.90c.
13.50c.
Upland,
9^c.
Middling
..
8^d.
7Hd. 9 9-16d.
7^d.
Egypt Good Brown, Liverpool.
9.80d.
10.50d.
9.00d.
7d.
Pefuv. Rough Good, Liverpool
6^d. 5 13-1 6d.
Broach Fine, Liverpool
5Hd. 4 ll-16d.
5 9-1 6d. 5 9-16d.
5 5-16d.
4*£d.
Tinnevelly Good, Liverpool
Continental imports past week have been 45,000 bales.
Total marketed.
Interior stocks in excess
1903-04.
Since
Since
Sept. 1.
9 ,677 ,821
1,214,879
1,976,000
158.705 12,868,700
al2,951
115,006
Week.
Sept. 1.
14,770
3,822
36,000
7.089,956
904.187
1,911,000
54,592 9.905.143
68.263
09.264
Came
into sight during week. 145,754
12.983,706
Total in sight July 21
45,328
North, spin's' tak'gs to July 21. 24,749 2,239,679
a Decrease during week.
Movement into sight in previous years.
9,315
Week
—
1903—July
1902— July
1901—July
1900—July
9,973.406
2.085.108
~
Swire Sept.
Bales.
24
25
26
27
39.218
38,419!
49.003
61,144
i
1
1902-03—July
1901-02—July
1900-01—July
1899-00—July
Bales. r
1
<
24
25
26
27
10.586.164
10.201.620
10,225,037
9,002.933
———
1
July
THE CHRONICLE.
22 1905.)
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day
week:
of the
Closing Quotations for Middling Cotton onWod,
Than.
Fri.
Sat.
Sat
Trios.
Men.
10'\
10 13-16 10 13-16 \QH
II
10 ',
if
IO'-s
loj|
10*k
104
Hii,
10',
io\
LOW
10M(
10'..
10
10H
10?s
Ending
juhj 31
Galveston.
New Orleans
Mobile
Savannah
Boston
Baltimore
Jo 80
Augusta
10,4
10 5-16
10 9-16
Memphis
Louis
104
10
10-55
10-75
11-00
11*25
11-00
11-10
00
1100
lf35
11-26
10!
o34
1
10?.i
1075
1100
_.1<
Philadelphia
St.
10M
10 11-16
11-
L(
10
s
-1
lOH
10H
10 9-16
10\,
7
104
Nashville
10
to 98.
1(H)
11*26
10H
10H
10M
Shreveport ..
10%
NEW ORLEANS OPTION MARKET.— The highest, lowand closing quotations for leading options in the NewOrleans cotton market the past week have been as follows:
est
Monday, Tuesday, Wed' day, Thursd.v, Friday,
Sat' day,
15.
July
July
July 17.
,
July IS.
July 19.
I
July 20.
Ju'ii 21.
—
55 10-4S--86 10-81--89 10- 74-- 93 10-71--85 10-6S--81
110-67
10-S9--90 10-86-- 87 10- 72-- 74
S6
Range
10-51-- 52 10*
Closing
—
—
1100
10 X
10 11-16
Id \i
Houston
10H
10',
10
10
10
iotf
10
Little Rock
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Natchez
Louisville ...
10^
Atlanta
10?g
104
Raleigh
Montgomery. 104
Columbus. Ga. 10 M
Col' bus. Miss.
to
—
1
10',
10 's
10«
10 13-16
10 13-16
K
The thermometer has ranged from 69
92, averaging; 81.
There has been rain on two days durPalestine, Texas.
ing the week, to the extent of fifty-four hundredths of an
Average thermometer 82, highest 94, lowest 70.
inch.
There has been excessive rain on three
I 'aris, Texas.
days during the week, the precipitation reaching five inches
ioj<
10H-H L0H
Wilmington
10*$
10 40
one hundredths.
and ninety-two hundredths. The thermometer lias avcraged 83, the highest being 96 and the lowest 70.
There has been no rain during the
Weatherford, Texas.
week. The thermometer has averaged 85, ranging from 17
,
Charleston
273
—
;
Norfolk
.
—
Neiv Orleans, Louisiana. There has been rain on three
days of the past week, the rainfall being one inch and ten
hundredths. Average thermometer 82.
We have had rain on three days
Shreveport, Louisana.
during the week, the rainfall being thirty-one. hundredths
The thermometer has averaged 84, the highest
of an inch.
—
being 95 and the lowest 72.
Weather has been favorable and
Vicksburg, Mississippi.
The week's rainfall has been
cultivation is progressing.
forty-nine hundredths of an inch, on two days.
Average
thermometer 82, highest 94, lowest 70.
Leland, Mississippi. There has been rain during the
week, the rainfall being fifty hundredths of an inch. The
thermometer has ranged from 67 to 92, averaging 78.
Crops are very grassy and could
Little Rock, Arkansas.
hardly look worse. There has been rain on four days during the week, the rainfall being forty-eight hundredths of an
inch.
The thermometer has averaged 81, ranging from 71
—
—
—
to 92.
—
Fine farming weather and cotton is
Helena, Arkansas.
growing rapidly. Rain has fallen on three days during the
week, the rainfall being forty-seven hundredths of an inch.
Septem ber
10-92
-58]
Range
The thermometer has ranged from 71 to 91, averaging 81 '5.
.10- 52-- 54 10- 93-- 95 10- 68-- 70 10- 95-- 97 10-S8--9010-74--76
Closing
Reports from the interior indicate
Mobile, Alabama.
October
Range.. . .10- 40-* 60 10- 50-- 9S! 10- 66-- 05 10- 75-- 99 10- 77-- 92 10-73--86 favorable weather and satisfactory development of cotton.
10- 95-- 96 10-69-- 70 10- 97-- 98 10- 90-- 91 10- 78
Closing
There are, however, some complaints of small growth and
10-54-55J
December
fruitage.
There has been rain on two days of the
poor
44-'
60-70-89-10101010-81--96
1077-*
.1003
06
03
Range
90
63
week, the precipitation being one inch and four hundredths.
Closing
JlO-57-58 10- 99-- 00, 10- 74-' 75 11- 02-- 03 1095-—; 10-82
Tone
The thermometer has averaged 82, ranging from 72 to 95.
Quiet.
Steady.
Firm.
Quiet.
Easy.
Spot
Quiet.
Montgomery, Alabama. Cotton continues to do well, but
Options .. Steady. Steady. Steady. Steady. Vyst'dyf Steady.
is beginning to need moisture.
Plenty of open bolls. Rain
WEATHER REPORTS BY TELEGRAPH. —Telegraphic has fallen on one day of the week, the rainfall reaching sixThe thermometer has ranged
reports to us from the South this evening indicate that the teen hundredths of an inch.
from 72 to 95, averaging 83.
weather has been favorable in the main during the week.
Smyrna, Georgia. Extremely warm week. There has
Rainfall has been light as a rule and generally of benefit to been no rain.
Average thermometer 81, highest 94, lowthe crop but at a few points it is claimed that moisture is est 69.
Savannah, Georgia. There has been rain on two days of
beginning to be needed. There are still a few complaints
the past week, the rainfall being thirty-five hundredths of
of grass, although on the whole cotton is doing fairly well.
an inch. The thermometer has ranged from 74 to 96, averGalveston, Texas.
The crop is improving quite generally aging 82.
Stateburg, South Carolina.
Widely scattered showers
in Texas, except in northern districts where rains retard development.
Complaints of boll-weevils are increasing. have fallen nearly every day around here. We had a good
Pick'ng has commenced in the Southwest and is expected to rain on the 14th, the precipitation being one inch and
be general the first week in August. There have been twenty-four hundredths, but none since then. The thershowers on two days of the week, the precipitation reaching mometer has averaged 82, the highest being 96 and the
sixty-six hundredths of an inch.
The thermometer has lowest 70.
Charleston, South Carolina.
We have had rain on three
averaged 83, ranging from 73 to 92.
Abilene, Texas. There has been no rain the past week. days of the week, the precipitation being sixty-one hundredths of an inch. The thermometer has averaged 85,
The thermometer has ranged from 68 to 94, averaging 81.
Brenham, Texas. Rain has fallen to an inappreciable ex- the highest being 96 and the lowest 75.
Charlotte, North Carolina.
Condition splendid. We have
tent on two days of the week.
Average thermometer 83,
had rain on two days of the past week, the precipitation
highest 92 and lowest 73.
Corpus Chnsti, Texas. We have had rain on two days of reaching fifty-five hundredths of an inch. Average therthe week, the rainfall being one inch and eight hun- mometer 82, highest 94, lowest 70.
The following statement we have also received by teledredths.
The thermometer has averaged 79, the highest
graph, showing the height of the rivers at the points named
being 86 and the lowest 72.
Cuero, Texas.
There has been rain on two days during at 8 a. m. of the dates given the last two years:
July 21 1905. July 22 1904.
the week, the rainfall reaching five hundredths of an inch.
Feet
Feet
The thermometer has averaged 83, ranging from 69 to 96. New Orleans
12.4*
13.4'
Above zero of gauge.
Dallas, Texas.
Rain has fallen on two days during the Memphis
Above zero of gauge.
21.9
19.7
Above zero of gauge.
9.1
3.5
week, the rainfall being twenty hundredths of an inch. The Nashville
Shreveport...
Above zero of gauge.
220
8.3
thermometer has ranged from 70 to 97, averaging 84.
Vicksburg
Above zero of gauge.
32.8
33.8
Fort Worth, Texas.
We have had heavy rain on one day
INDIA
COTTON
MOVEMENT
FROM
ALL
PORTS.—
of the pa,«t week, the precipitation reaching one inch and
The receipts of cotton at Bombay and the shipments from all
ten hundredths.
Average thermometer 84, highest 98, India ports
for the week and for the season from Sept. 1 for
lowest 70.
three years have been as follows:
Henrietta, Texas.
There has been rain on one day during
July 20—
1904-05.
1903-04.
1902-03.
the week, the rainfall reaching ten hundredths of an inch.
Since
Since
Since
The thermometer has averaged 82, the highest being 101
Receipts at—
Week. Sept.l.
Week. Sept.l.
Week. Sept. I.
Bombay
30,000 2,613,000
5,000 2,091,000 10,000 2,450.000
and the lowest 63.
For the Week
Since September 1
Hunlsville, Texas.
It has rained on one day of the week,
Exports
Great
ConliGreat
Contithe precipitation reaching sixty-eight hundredths of an
from
Britain.
Total.
nent.
Total.
Britain.
nenl.
Bombay
inch.
The thermometer has averaged 83, ranging from 70
August
Range
Closing
55 10- 55-- 92'
53 10- 90-- 91
10- 42-10- 51--
—
10- 76-*
10- 67--
10- 95-*
10- 93-*
88
69
—
96 10-8495 10-86--87
10* 72-'
74
.
—
—
—
(
—
—
—
—
,
—
—
,
—
—
—
—
—
—
.
.
—
—
—
—
to 96.
Kerrville, Texas.
.
—
—
—
—
There has been no rain the past week.
Thermometer ha- ranged from 59 to 91, averaging 75.
Lampasas, Texas. We have had no rain the past week.
Average thermometer 81, highest 96, lowest 65.
Longvxew, Texas.
We have had showers on two days
during the week, the rainfall being thirty hundredths of an
inch.
The thermometer has averaged 85, the highest being
96 and the lowest 73.
Luling, Texas. There has been rain on one day of the
week, the precipitation being sixteen hundredths of an inch.
The thermometer has averaged 81, ranging from 69 to 93.
Nacogdoches, Texas. There has been excessive rain on
one day of the week, the rainfall being one inch and ninety
—
—
1904-05
1908-04
1902-03
Calcutta
1904-05
1903-04
1002-08
1,000
13,000
2,000
21,000
14,000
2,000
21,000
21,000
94,000
76,000
399,000
857,000
882.000
420.000
951,000
95S.000
2,000
4,000
2,000
4,000
3,000
4,000
5,000
39.000
45,000
44,000
42,000
49,000
49,000
2,000
2,000
3,666
2,000
3(100
11,000
8,000
14,000
36,000
19,000
17,000
47.000
27,000
8.000
7,000
8,000
7.000
2.000
10.000
19,000
24,000
219.000
146,000
220.000
273.000
170,000
37.000
t',71.000
708.000
Madras
05
1903-04
1902-03
All others
1904-05
1903-04
1902-03
Total all—
1904-05
1903-04
1902-03
1,000
1.000
1,000
1,000
1.000
1,000
21.000
13.000
28.000
22,000
14.000
29,000
12*. 000 1.192,000 1.320.000
.()!•! .000
1.204,000
1 13.000
1
THE CHRONICLE.
274
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts
of 25,000 bales.
Exports from all India ports record a gain
of 8,000 bales during the week and since Sept. 1 show
a decrease of 612.000 bales.
[Vol. lxxxi.
„
NEW
YORK— To
Total bales.
Liverpool, per steamer Cedric, 1,253
1,253
To Manchester, per steamer Tintoretto, 1,824
1,824
To Hull, per steamer Martello. 131
131
To Havre, per steamers British Princess, 496.. La Bretagne.
1.429
1,925
To Bremen, per steamer Friedrich Der Grosse, 1,283
1,283
To Antwerp, per steamers British Princess, 809
Vaderland, 707.
1,516
To Barcelona, per steamer Athalie, 1,196
1,196
To Genoa, per steamer Prinz Adalbert, 396
396
To Venice, per steamer Jenny, 150
..
150
To Mexico July 15—Steamer Norheim, 100
100
To Liverpool—July 20— Strs. Explorer, 4,039;
Justin, 6,458
10.497
To Havre July 20— Steamer Mattawan, 7,357
.
7,53
To Hamburg July 20— Str. Madrileno, 200.
200
To Genoa— July 20—Steamer Fert, 400..
;400
To Liverpool July 20 Str. Castleventry, 423.
423
To Bremen July 17 Steamer Queen Helena, 4,868
4,868
To Hamburg July 17 Steamer Queen Helena, 509
509
To Gothenburg July 17 Steamer Queen Helena, 400
400
To Oporto July 17 Steamer Queen Helena, 200
200
To Barcelona, etc. July 19 Steamer Frederica, 5,903
5,903
To Liverpool—July 10 Steamer Irak, 510
510
To Glasgow— July 14 Steamer Almira, 65
65
To Liverpool— July 19— Steamer Kana-
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. —Through arrangements we have made with
Messrs. Choremi, Bcnachi & Co., of Alexandria, we now NEW ORLEANS—
GALVESTON—
receive a weekly cable of the movements of cotton at Alexments
The following are the receipts and ship- MOBILE— —
the past week and for the corresponding week of PENSACOLA—
Egypt.
andria,
for
Alexandria, Egypt,
July 19.
Receipts (cantars q)
This week
Since Sept. 1...
1904-05.
1902-03.
1903-04.
8,500
6,225,637
This
Since
week.
Sept.l.
Exports (bales)
To Liverpool
3,250 221,559
To Manchester ... 6,250 152,499
To Continent
6,250 325,723
To America
2,250
73,794
—
Total exports. 18,000
q A cantar is 98 lbs.
—
——
———
— — —— — —
NORFOLK —
—
—
NEWPORT NEWS—
wha, 979..
BOSTON —To Liverpool—July 15—Steamer Michigan, 709
July 17 — Steamer Saxonia, 1,079
BALTIMORE— To Liverpool—July 14—Steamer Templemore,
1,078
To Bremen—July 12 —Steamer Cassel, 400
July 19
Steamer Brandenburg, 1,334
773,575
400
922
6,460,062
This
Since
Sept.l.
week.
231,689
135,176
2,750 346,741
52,267
5,740,927
Since
2,750
This
week.
Sept.
868
765,873
1.
1,417
1,000
203,409
145,086
320,571
82,243
3,285
751,309
land, 755
To Manchester
report received by
cable to-night from Manchester states that the market conMerchants are
tinues quiet for both yarns and shirtings.
not willing to pay present prices. We give the prices for
to-day below and leave those for previous weeks of this and
comparison.
1904.
Twist.
"
July
"
"
lbs.
ings,
8K
Shirt- Cot'n\
common
to finest.
Mid
32s Cop.
Up'sJ
Twist.
lbs.
ings,
1,734
Noord755
— July 17— Steamer Manchester Corporation,
1,100
Total
48.640
The exports
to
bales from Pacific
Cotton freights
Liverpool
Shirt- Cot'n
common
to finest.
d.
d.
16. 7 11-16@8^
s.
6
6
5
<$8«
23. 8
30.
7.
14. 9
21.
1,078
Japan since Sept. 1 have been 308,955
ports and 9.720 bales from New York.
at New York the past week have been
as follows:
1905.
8H
Liverpool—July 14
979
1,788
1,100
MANCHESTER MARKET.— Our
32s Cop.
—Steamer
PHILADELPHIA— To
This statement shows that the receipts for the week were
8,500 cantars and the foreign shipments 18,000 bales.
last year for
—
SAVANNAH —
the previous two years.
June
"
—
'9H
5
5
5
©9H
d.
s.
d.
3
@9
@9 1H
10^@8 10
10 @8 9
11
(§8 10*$
10H@8 9
1
Mid.
Up's
d.
6.38
6.14
5.96
6.36
6.72
6.32
GOVERNMENT WEEKLY COTTON REPORT.— Mr.
Manchester
Havre
Bremen
Hamburg
Wed.
14
Tues.
13
14
13
14
13
14
13<&14
16(§*17
16@17
16@17
16@17
16@17
19
19
19
19
22^
22H
22
19
22
12
28
32
18
28
12
18
28
32
26@27
15
23
40
14
c.
12
18
Ghent, v. Ant..c.
Reval, indirect. c.
Reval, v. Canal .c.
Barcelona
c.
Genoa, July
c.
Trieste
13
16@17
•
c.
c.
Antwerp
Mon.
Sat.
13
c.
c.
c.
c.
Japan, v. Suez.c.
H
Thurs.
y2
22
Fri.
13
19
X
22J4
12
18
12
18
12
18
32
28
32
28
32
28
32
26@27
26@27
26@27
26@27
15
23
15
23
40
15
23
15
23
40
40
26
15
23
40
40
Quotations are cents per 100 lbs.
James Berry, Chief of the Climate and Crop Division of the
United States Weather Bureau, made public on Tuesday
LIVERPOOL.— By cable from Liverpool we have the folthe telegraphic reports on the crop in the Southern States lowing statement of the week's sales, stocks, &c, at that port:
June 30.
July 7.
for the week ending July 17.
July 14.
July 21.
bales.. 54,000
Sales of the week
31,000
21,000
27,000
CAROLINA.
Grass
and
troublesome;
weeds again
cotton making rank
NORTH
—
Of which exporters took
1 ,000
1,000
3,000
1,000
growth and shedding forms and young bolls.
Of which speculators took.. 2,000
1,000
SOUTH CAROLINA.—Cotton grew rapidly, making too much weed and not
American
fruiting proportionally, color generally healthy: some complaint of shedding, black
rot, rust, and insects; on the whole improvement noted.
GEORGIA. Cotton going too much to weed and taking on forms slowly; slight
Injury by insects, blackroot and rust; many fields grassy.
FLORIDA. Most of cotton counties had too much rain and some reports indicate that cotton is getting grassy and that It i° shedding and being damaged by rust.
Too much rain in northern and some middle counties, where cotton
Is running to stalk and needing cultivation, elsewhere cotton is fairly promising and
Is mostly fruiting well, some bolls maturing, little rust, blight, or shedding.
MISSISSIPPI. Cultivation pushed. labor scarce; cotton where well worked is
making thrifty growth, but contains little fruit; much lowland cotton small and
grassy, considerable abandoned, laying-by progressing in south.
LOUISIANA. Dry week, very favorable for killing grass and weeds; cotton,
where well cultivated, shows improvment, but much of crop on lowlands grassy,
small and yellow; crop two to three weeks late, very Irregular, not fruiting well, and
—
ALABAMA
—
—
.
—
—
Actual export
Market,
fields grassy.
Spec.&exp.
—
—
—
MISSOURI.
heavy
—Condition
of cotton good, fruiting well,
some
local
damage by
rains.
follows:
While too rapid growth of cotton and light fruiting are very generally reported
throughout the cotton belt, an improvement is Indicated in many districts. The
crop continues to suffer from lack of cultivation, especially in the central and western portions of the belt, where, however, the weather of the past week has been
favorable for cleaning the fields, a work which has been pushed vigorously. In
Mississippi, Louisiana and Arkansas, reports of abandoned fields continue.
Dam
age by boll-weevils in Texas, generally, is not great, though considerable In localities"
NEW
BALE.—The first bale of cotGEORGIA'S FIRST
ton of the crop of 1905-06 raised in Georgia was received
at Savannah to-day from Albany, Dougherty County.
It
classed good middling, was sold at auction for 30 cents
per pound, and will be shipped to Liverpool.
Last year
the first bale arrived on July 23, or two days later.
EGYPTIAN COTTON CROP.— Messrs.
&
Saturday.
Spot.
,
12:30
!
P.M.
>
Very
Sales
Monday.
Wednesday. Thursday.
Tuesday.
Friday.
much
Not
little
Quiet.
Flat.
Quiet.
607
597
5-99
5-91
5,000
1.000
6,000
5,000
600
doing.
Quiet.
doing.
5-93
587
Mid.Up.ld's
Market
opened,
}
i
2,000
4,000
3,000
200
200
200
Firm at
Steady at
Firm at
2fi»4 pts.
pts.
decline.
advance.
advance.
Market,
4P.M.
The
>
|
Easy at
4@5
is
entirely controlled
vators.
500
e
progressing very satisfactorily, and the cotton worm has be n
energetic measures taken in the destruction of It by all culti-
COTTON TRADE.— PROSPECTIVE SUPPLY.— In
our editorial columns to-day will be found an article under
the above caption.
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 48,540 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
2@3
pts.
decline.
Easy
9@11
Quiet at
Irregular
unch
18 pts.
to 1
pt. decline.
Steady at
at
pts.
advance.
1@2
pts.
advance.
3@4
Quiet at
pts.
4@5pts.
advance.
advance.
Easy at
3@4
pts.
advance.
Quiet at
1@3
pts.
decline.
day are given
Good Ordinary
prices of futures at Liverpool for each
below.
Prices are on the basis of Uplands,
clause, unless otheBwise stated.
The prices are given in pence and lOOths.
means 5 76-100d.
Choremi, Ben-
by
1@2
Quiet at
pts.
advance.
Sa«.
Mon.
July 15.
July 17.
Tues.
July 18.
Wed.
July 19.
Thus: 5 76
Thurx.
July 20.
Fri.
July 21.
12^1 1 12H 4 12H 4 12>* 4 12M 4 12J4 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
Co. of Alexandria write under date of June 31 as
follows:
The new crop
24,000
6,000
57,000
793.000
720,000
24,000
13,000
119,000
92,000
Futures.
These reports are summarized by the Crop Division as
achi
16.000
6,000
63,000
832,000
761,000
60.000
45.000
113,000
89,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
many fields abandoned.
TEXAS. Farm work pushed: week generally favorable for cotton, which Improved considerably, much still foul, but being cleaned rapidly; prospects least
favorable in northeast and poor in some other localities; rapid growth and fruiting
poorly in many counties, but this condition improved; shedding diminished; damage
by boll-weevil generally not great, though considerable in localities; bolls opening in
southern counties.
ARKANSAS. Crops grassy, some lands abandoned; cotton small, but growing
rapidly, not fruiting well and making too much weed in some sections.
TENNESSEE. Farm work pushed; crop conditions much improved, notably
cotton, but fruiting lightly.
OKLAHOMA AND INDIAN TERRITORIES.—Cotton blooming and fruiting
well, but making too rapid growth and damaged by worms; being laid-by; many
shedding;
25,000
6,000
70,000
841,000
771,000
77.000
69,000
116,000
87.000
46,000
9,000
Forwarded
68,000
Total stock— Estimated
841 ,000
Of which American— Est' d. 772 ,000
Total import of the week
71,000
Of which American
65 ,000
afloat
Amount
153,000
129,000
Of which American.
Sales
d.
5
July
July-Aug .
Aug.-Sept .
Sept .-Oct..
Oct .-Nov. .
Nov .-Dec.
Dec .-Jan
..
Jan. .-Feb ..
d.
d.
d.
Feb .-March
76
March-Apr.
April-May
76 5 77
May-June
.
d.
d.
d.
765 76 5 73 5 74 5 93 5 84 5 84 5
73 5 74 5 93 5 S4 5 84|5
745 76
73 5 74
93,5 845 845
78)5 76
94 5 84 5 85
73
755 77
74
85|5 86
755 77
74
85|5 86
775 77
8615 S7
75
7S5 78
87 5 88
75
765 78
S7
8S
89
89
90
d.
d.
d.
d
85 5 87 5 82 5 79 5
85
82 5 79
82 5 79
85
86
83 5 80
S3 5 81
87
87
S8
S9
S9
90
91
S9
89 5 90'5 91
S3 6 81
84 5 82
85 5 S3
86 5 8a
87 5 S4
87 5 84
87 5 85
d.
79
79
79
80
82
82
82
83
83
84
85
85
July
22 1905.
— ——
J
.
I
.
THE CHRONICLE.
|
^75
GOVERNMENT WEEKLY GRAIN REPORT.— Mr.
BREADSTUFFS.
James Berry, Chief of the Climate and Crop Division of the
Friday, July 21 1905.
A quiet condition of business has continued to be re- United States Weather Bureau, made public on Tuesday
reports on the grain crops in the various
ported in the market for wheat flour. There have been no the telegraphic
developments of a character to stimulate buyers, they gen- States for the week ending July 17 as follows:
showing a disposition to restrict their purchases
strictly to such supplies as they have needed to cover wellMills have not been forcing sales
defined current wants.
Rye flour has had a
occurred.
have
changes
price
few
and
meal
has been quiet but
Corn
prices.
firm
limited sale at
erally
firmly held.
Speculation in wheat for future delivery has been moderEarly in the week the tendency of prices was
ately active.
towards a lower basis. Weather conditions in the interior
were reported generally favorable for the crop, and receipts
were increasing, supplies of new-crop winter wheat coming
Speculative holders were sellers
to market more freely.
there was considerato liquidate their accounts, and
Subsequently, however,
ble pressure from bear interests.
prices
advancing
turned
stronger,
market
the
recovering decline
in
than
prices
more
sharply,
Advices
from
the
springin
the week.
earlier
wheat belt were to the effect that the crop was being
damaged by black rust, although many were inclined to the
opinion that the damage reports being received were exagHowever, shorts became nervous and, as there
gerations.
existed a considerable short interest as a result of the recent
free selling by bear interests, the market appeared to be
oversold and rallied easily. The spot market has been
To-day the market was active and higher
quiet and easier.
on additional reports of crop damage in the spring-wheat
The spot market was firmer but quiet.
belt by black rust.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
No. 2 red winter, f.o.b
July delivery to elevator
September delivery
December delivery
In elevator
In elevator
Sat.
Mon.
Tues.
94>^
92
93
92«-6
Wed. Thurs. Fri
94^
96%
99
98
94 H
94 W
W 95^
91'^
89 % 91«
M
93
88j
88%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO
Mon. Tues. Wed. Thurs. Fri
89 M
85H
93«
MX. 90H
§§8
X UOK
Sat.
July delivery
elevator
In elevator
December delivery In elevator
May delivery In elevator..
In
86>i»
September delivery
._ 84J4
84}?
86>4
.
85H
H
89
92>|
Indian corn futures have received only a limited amount
of speculative attention and only fractional changes have
occurred in prices. Early in the week, under a slight increase in the receipts and a considerable gain in the stocks
at Chicago there was a slight yielding in prices for the nearby deliveries. During the week, however, on buying to
cover short sales, and following the advancing tendency to
values for wheat, the market was steadier and prices advanced slightly. Crop prospects have been favorable. One
authority in reviewing the crop situation for the week says
that the corn crop was favored by recent conditions and is
in good general promise, much being strictly fine.
The
spot market has held steady and business has been moderately active.
To-day the market was firmer but quiet. The
spot market was steady.
DAILY CLOSING PRICES OF NO. MIXED CORN IN NEW YORK.
,
i.
-
_
.
Sat.
62
62
60»A
.
a " h or"' f0 b
9
5
-v
July
delivery
In elevator
H
:
September delivery
in elevator
Mon.
Tues.
63H
62K
62K
62K
,
60>$
December delivery
May
in
eievatorllll""!! 3Tj|
delivery In elevator
47>|
55*f
47j|
47 <X
41*4.
47«1
July delivery
elevator
September delivery In elevator...
December dellv-pry In elevator
May dedvery In elevator
In
"
2
Fine
Extra, No.
Extra. No.
%
N
t,3
g
per bush
ill..
Dul
Red
;
61
55Ji
55)-
66
475*
48*
°i\*X
«#
Mon. Tues. Wed. Thurs.
Fri.
35
37
35
37
No.
No.
35
37
35
37
—
£—
2 Dilxed
No.2whlte
90
1
12,732
—
Wed. Thurs. Fri.
3on
i\H
29&
32>A
30
31;;
Wheat,
bbls.
Corn,
bush.
1,800
bush.
1,900
1,800
1,900
Barley,
bush.
Oats,
bush.
400
Rye,
bush.
5,600
Portland
Total
12,732
Total 1904... 32.311
400
5,600
80 000
The movement of breadstuffs to market as indicated in the
statements- below is prepared by us from figures collected by
by the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
Wheat.
Flour.
Receipts at-
Chlcago
Milwaukee.
Duluth
Mlnneap'lls
Toledo
Detroit
Cleveland .
St. Louis..
Peoria
Kans. City.
WV.
1905
Same wk'04
Same wk'03
Since Aug.
1904-05 ...
1903-04 ...
1902-03 ...
Corn.
239,045
81.840
97.160
569,500
51,000
99.771
o4,825
105.700
46.5S0
103,000
4.202!
44,(100
848
37.080
6,270
90,645
238.415
247,000
6.800
886,356'
8,800;
.242,000)
290,6241
286,0511
378,896,
3,186,173
1,709.666
2.712.834
221.000;
3.421.790
1.841.382
2,751.290!
Rye.
Barley.
Oats.
2.404.500
88.400
5.600:
1.383.200
88,400
82.315
198,950
160.700
23,007
248,352
283,745
196,600
73.200
191.174
87.400
34.914
104,000
2,738,469
1,759,612
3,321.449
425, 588
257.244:
12,000
4.000
"6" 300
2,900
3,234
4,000
8.100
31.434
42,644
76.459
1
294.270
16.391.98221)1.081,497185.570,280159,008.660, 64,978. 504 6.565,887
18,003.738212,896,902 166,575,622 154.780,4801 64,840,600 7.604,342
19.857.564 241.231.964 161.469,694 185.505.959 55.341,554 8.199,175
!
Total receipts of flour and grain at the seaboard ports for
the week ended July 15 1905 follow:
Receipts at
—
Wheat.
36.000
Flour.
New York
82,004
21,532
23,738
17,724
400
Boston
Richmond
Newport News
NewOrleans.o
Corn.
646,075
151,270
22,587
116,339
32,o06
42~001
237,509
13,154
1.429
7.175
Total week
Week 1904
"
bills ot
12,334
38.535
31.750
160.336
150,296
742,784
1,236.879
1.276,0c3
1,218.633
797.303
641.903
48.750
17.235
New
—
58,870,625
10,926,629
23,703.224
1,498.034
1.767.902
bush.104 400.136
81.366.143
153.109.726
96.832.414
Wheal,
bush.
29«
Boston
30ii
Philadelphia
1903.
several seaboard ports for the week
in the annexed statement:
Saturday are shown
—
328
compare
52.356,839
66,420.445
29.226 089
2,197.940
2.908.413
The exports from the
n%
to July 15
23,475,060
32,052,082
22.859.076
1.864,644
514.681
Barley
31
1
12,523,244
62,532,357
24,993.543
4,152,477
198,515
Rye
Total grain
from January
1902.
10,866.081
i
29K
29H
Orleans for foreign porta
11.1116.216
Wneat
J0t|
30}
500
1.072
1904
10.079,290
bbls.
New York
"500
1905.
5.433,277
Receipts ot
32
321«
Rye.
lading.
Flour
last
800
113".566
Total receipts at ports
as follows for four years:
Corn
Oats
Barley.
16.200
38"666
7,000
262,456
aRecelpts do not Include grain passing through
on through
Oaf.
430,500
49,124
64,333
90.341
10,970
10,400
403,720
Galveston
Montreal
Exports from
Tues,
29
I'atent, winter
City mills, patent
Rye Dour, 'upcrUne.
Buckwbcat
Flour,
Corn.
bush.
Rye. Barley,
bush
bush.
15.010
1,574
1.469
"272
1.012
1.429
5.905
795
10.398 105.722
68",706
Baltimore
Oats.
bush.
13.205
1,308
bbls.
47,069
607,234
1,650
Newport News
New Orleans
Montreal
i 8 1.5
flour
.$4 90
.6
.
0,5 35
(S,6 40
00
Nominal.
20"379
173.616 221.719
rn, etc
Brandy wine
f.o.b.
f.o.b.
f.o.b.
f.o.b.
Peas.
OUSh.
4,809
75
15,938
..
354
.'
«
36H
mixed
mixed
)
2
>hlte
c .•
57
Feedln?
1
to—
-Flour
Week. Binet July
July 15.
1905.
bbls.
76
Nominal.
Nominal.
Total
Total 1904
f.o.b.
f.o.b.
f.o.b.
since
68.910
161.036
-Corn
bbls.
July
ii
July 15
hit :,h
.
173.1.10
'
'
63
week and
-Wheat
\
United Kingdom
7.283
.ntlnent
9.444
So. and Cent. America.. 20.403
West Indies
23.000
Brit. No An. Colonics.
860
Other countries
7.866
State and Jersey
Barley— '.Vent ern
2U
02
of these exports for the
11.989
as below:
•
«,,
Rye. n'T busa
•'ern
Nominal.
Nominal.
is
since July
per bush
N j.
No. 2 yellow
N
1
30.948
21.656
173.010 919.088 08.910 121,362
551,235 844,433 151.086 51.985
The destination
July
3 05
3 10
1904
Exports lor week and
Corn
99
Norn
Totalweek
Same time
|
meal
)
c.
Y"
Flour,
San Fran
PugetS'd
ending
GRAIN.
1.
2
Exports
from
MIXED OATS INCH1CAOO
32 %
30
30,
325
Com
61 5
650
winter. No.
Haiti winter. No. 2~~
l
Oat*—
Mixed,
™«d. per bush.
bush
•>.°-
a 76
3 75
4 50
Stralzhta
Patent, spring...
Wheal
43 20
S3 60
1
?«»"
,
•
$2 90
.___" 3 30
3 05
8u;>erfloe
—
Exports of Grain and Flour from Pacific Ports. The exports of grain and flour from Pacific ports for the week ending
July 20, as received by telegraph, have been as follows:
From San Francisco to various South Pacific ports, 2,000
bbls. flour, 800 bushels wheat and 500 bushels corn.
Combining these figures with those for previous weeks.we
have the following, which covers the exports to foreign
countries for the period since July 1 comparison being made
with the corresponding period of the previous year.
Philadelphia
Following are the closing quotations:
FLOUR.
•
promised
Baltimore
week prices rallied. The selling pressure subsided and some reports of unfavorable harvesting returns
were received, resulting in a better tone. The spot market
has been moderately active at easier prices. To-day the
market wao steadier.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
DAILY CLOSING PRICES OF NO.
Increasing In Washington.
OATS.— In the central Mississippi and Ohio valleys and In portions of the Middle
Atlantic States the oats harvest nas been Interrupted, and|conslderable damage to
both harvested and standing oats has resulted from wet weather. Harvesting Is
largely finished, except In the more northerly districts, where good yields are
Fri.
62U
ter part of the
35
37
—
63Ji
6311
63
Oats for future delivery at the Western market have been
moderately active. Early in the week prices declined
rather sharply under liquidation by speculative holders,
prompted by the promising crop outlook. During the lat-
Sat m«
~.^~* f.o.b
.
..
No. 2t mixed
36
No. 2 white, clipped, f.o.b. ..".""""I 3V/L
—
6254
62>|
61
,
55
M
Wed. Thurs.
62$
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
- „
.
July delivery
In elevator
57^ 5654 57
57H 57K 58H
September delivery In elevator
55).
61>|
—
CORN. Corn has made splendid projrrC throughout nearly the whole of the corn
belt, and la decidedly Improved In the States of the Missouri valley, where Its previWhile the general outlook for
ous progress had been retarded by cool weather.
this crop Is vcrv promising. It bai sustained some injury on low land In Missouri and
South
Atlantic
East
suites.
ami is not in a wood state of
and
Gulf
In portions of the
cultivation In portions of the Ohio Valley.
WINTER WHEAT. Further reports of Injury to harvested winter wheat are
resolved from the central Mississippi and Ohio valleys, the Middle Atlantic States
Texas, and Oklahoma and Indian Territories, but no complaints of this character
are received from Kansas and Nebraska, both quality and yield In the last-named
state being better than was expected. Harvesting, where not finished In the more
northerly districts. Is well advanced.
SPRING WHKAT. Spring wheat has experienced a week of favorable weather
and coutlnues In promising condition. While rust Is still prevalent In the Dakotas
and to some extent In Minnesota, It Is not Increasing In the first-named States, and
there Is very little In Minnesota. Spring wheat la filling nicely on the North Pacific
Coast, where the hot winds of the previous week caused but slight Injury. Rust Is
Week S
July
326.732
80.010
307.678
544.509
1,617
15.600
"V.772
BO
4.472
i
9.769
173 010
551 ;.(:
1005.
bush.
1905.
bush.
80,749
147 368
235:501
l
I'
15.
THE CHRONICLE.
276
The visible supply o f grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, July 15 1905 was as follows:
(
Wheat,
New York.
"
inn
Barley
bush
195,000
bush.
Oats,
bush.
bush.
bush.
85,000
658.000
116.000
41.000
48.000
14,000
301,000
109,000
11,000
87,000
58,000
80,000
80,000
115.000
31,000
9.000
159,000
'urn
,
.
afloat.
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
13,000
110, ooo
17,000
419.000
494,000
237,000
45,000
989,000
391.666
50.000
258,000
287,000
4,000
Detroit
"
afloat
178,000
123,000
Chicago
429,000
1,541,000
729,000
66~666
171,000
15,000
21,000
23,000
111,000
611,000
105,000
212.000
5,122.000
1,003,000
32,000
8,000
1,649,000
28,000
3.000
123,000
4,000
300.000
13,000
49,000
92,000
117.000
510,000
128,000
1,124,000
26,000
ION. 000
479.000
..12,339,000
1905. .13,423,000
1904. .12,719,000
1903. .13.067,000
1902. .20,415.000
4,388,000
4,453,000
6,084,000
7,019,000
6,503,000
6,564.000
Toronto
Buffalo
40.000
206.000
afloat
1
,000
afloat
Milwaukee
"
afloat
Ft. William
2,326.000
584 .000
402,000
Port Arthur
Duluth
"
afloat
Minneapolis
St. Louis
"
afloat
Kansas City...
Peoria
Indianapolis
On
On
On
Mississippi River
Lakes
Canal and River.
Total..
Total July
Total July
Total July
Total July
8
16
18
19
264.000
"is
,000
79,000
24.000
7,150,(100
:;,n:s«,,ooo
4.
491. 000
718,000
32,000
32,000
775,000
795.000
780.000
611,000
196,000
802,000
855,000
1,236,000
410,000
119.000
DRY GOODS.
Friday, July 21 1905.
The
goods market during
the week has been the insistent demand on the part of buyers
In many cases they have
for goods for immediate delivery.
principal feature of the cotton
absolutely impossible to secure these, and while some
are willing to accept later deliveries, others have decided to
do without the goods altogether and allow their usual custom-
found
it
ers to
fill
A number of jobbers
their requirements elsewhere.
now willing
admit that they have been badly left behind
through withholding from the market too long. Although
are
to
appreciating the present strong position of the market, the
majority still refuse to operate ahead with any degree of
freedom and are content to pay full prices for soot goods
and run the risk even then of not being able to secure them
in the hope that later in the year they may be able to purPrices on a good many lines are
chase more cheaply.
highc r now than they were a week ago and by reason of the
strength of the raw material and of the statistical situation
sellers are becoming more and more independent.
A good
many buyers have been in town during the week, but it has
been a noticeable fact that Southerners have been less willing to purchase than jobbers from other parts of the counSome sales of goods to China have been reported, but
try.
the high prices asked by sellers and the impossibility of
guaranteeing acceptable deliveries have interfered with
business.
In the men's wear light-weight woolen and
worsted division the week has been an active one and advances are already being talked of.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending July 17 were 13.822
packages, valued at $640,818, their destination being to the
points specified in the tables below:
1905.—
1904.
,
New York
to
July 17.
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other Countries
Total
The value
Week. Since Jan. 1.
26
683
5
416
9,283
2,102
811
426
28
85
896
160
13,822
of these
82,854
8,863
15,349
6,574
16,131
1,420
9,817
32,784
10,391
185,282
Week. Since Jan. 1.
2
368
.
477
46 642
53
303
40
108
516
55
1,077
and this fact is operating against sellers,
inasmuch as buyers are willing to pay full prices to supply
their needs.
Coarse, colored cottons have not been further
advanced during the week, but are firmly held and are almost
eries are impossible,
The demand for
impossible to secure for early shipment.
cotton linings for fall has considerably improved and a fair
business has been transacted.
Prints are firmly held but
without much business passing, and ginghams have been in
moderate request at recent figures. Print cloths have been
quieter and unchanged, with wide goods at Fall River
practically unobtainable.
—
WOOLEN
afloat
Toledo
Vol. lxxji
4,420
12,302
5,965
10 597
1,225
7 908
29'l91
8^373
127,468
New York
exports since January 1 has
been $9,842,415, against $7,796,558 the previous year.
Sales of heavy brown goods in the past have been so heavy
that manufacturers are quite unable to promise delivery acceptable to jobbers, mainly owing to the large quantities
that have been purchased for export. There has been a
fair demand for drills from the home trade, but the high
prices now being asked have frightened a good many would-be
Light-weight sheetings have been freely inquired
buyers.
for, but manufacturers and agents are looking for higher
prices, and in some instances have named figures that
practically amount to a withdrawal of their products from
the market.
Sales of 3-yard sheetings, estimated as high
as 3,000 bales, have been made to China during the week
on a basis of 6J/£c., and it is stated that offers for a much
larger amount at this figure have been refused.
Sales of
the better grades of bleached goods have been on such a
heavy scale that these are well conditioned. Early deliv-
GOODS. More buyers have been in town
during the past week than at any time during the present
men's wear light-weight woolen and worsted season, and
the volume of business that has been transacted has been
Many are waiting for the formal
correspondingly heavy.
opening of the higher grade goods, for while many of these
have been shown privately, they are not yet openly placed
upon the market. It is expected that as soon as they are,
a large business will at once be consummated.
Manufacturers of these have been inclined to hold back lately with
the idea that prices will soon be on a materially higher level,
and they have been willing to lose some of the early orders
in the hope of obtaining more money later on
The present
level of prices is generally regarded by sellers as being far
below the proper basis, and many manufacturers state that
they are not working at a profit. It is for this reason that
an almost immediate advance is looked for. It is apparent
from the business that has already been done that agents
are perfectly willing to over-sell the production of the mills
that they represent, believing that before the end of the
season many of the orders now placed will be canceled or,
if they are not, that they will have no difficulty in securing
outside looms for the manufacture of the surplus.
The
early promise that woolens would once more regain their
place in popular favor is not being borne out, and manufacturers of this class of goods are likely to be willing to lend
their looms for other lines before the season is very far
advanced. The cotton end of the woolen and worsted
market has not been materially affected as yet by the advance in the raw material, as most of the goods on offer
were sold before it occurred. It is expected that advances
There is little doing in
will take place shortly, however.
woolen and worsted dress goods, as the new spring lines are
not yet opened.
FOREIGN
GOODS.— Imported woolen and worsted
Silks are steady and
dress goods are at present featureless.
Linens are firm with little doing. Burlaps
ribbons quiet.
are firm but quiet.
.
DRY
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry
goods at this port for the week ending July 20 and since
January 1, and for the corresponding periods of last year,
are as follows:
s
to
9
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— —
—
July
— —————
—
—
—
—
TUK CHRONICLE.
22 1905. J
277
A decision handed down by the Supreme Court yesterday marks the last stage
and interesting controversy that has raged in tho court* and In the 1 rcislature regarding the railroad bonds Issued by the municipality of I'lurcrvillc away
The Judges yesterday afllnned the decision of the lower conn of
t>:u k In [80S.
this county in favor of the city of IMaccrvllle In a suit brought against the municipality to recover upon leven of the bonds
It was held by the Supreme court
that the Art authorizing the Issue of the bonds was the conferring of a power upon
the old municipality, and that tho later Act reincorporating the city has the effect
of repealing the bonds.
This famous bond Issue was made by the municipality of Placerville to aid the
construction of the railroad from Folsom to Placerville. The line was however
built only a« far as Shingle Springs, twelve miles from IMaccrvllle.
The city paid
Interest on the bonds until i860, but afterward refused to pay cither Interest or
The good faith of the railroad company was questioned and the people
principal.
In the long
£hje (Chronicle..
PUBLISHED WEEKLY.
Terms
of
Subscription— Payable In Advance:
Wot One Year, Including all Supplrmknts
For 81x Months
European Subscription (Including postage)
European Subscription Six Mouths (Including postage)
f 10 00
6 00
13 00
7 60
The Railway and Industrial Seotlon, Issued quarterly, Is furnished
annual subscriber of thee immkkcial and
Financial Chronicle.
The State and City Section, Issued seml-annnally, 1b also furnished
without extra harge to every subscriber of the Chronicle.
The Strkkt Railway Section, Issued three times a year, Is likewise
furnished urithoitt extra charge to every subscriber of the Chronicle.
The Bank and Quotation Seotlon, Issued monthly, is also furnished
without extra charge to every subscriber of the Chronicle.
at last decided that a debt had been saddled on them without adequate consideraAfter taking legal advice. It was concluded that the only way to escape
tion.
paying what was regarded as an unjust Imposition was for the city officers to resign
and leave trie place without a municipal government of any kind.
\r<
Imgly
In 18/3, all the officers, from tho Mayor down to the poundkeeper, resigned, and
for twenty-four years IMaccrvllle was devoid of the machinery of municipal government. The original bond Issue was tor $34,600, but by 1900, when a compromise
was arrived at with the majority of the bondholders on the basis of paying the
principal, the liability of the municipality had amounted to $281,000, Including
Interest.
xeithout extra charge to every
Terms
of
Advertising—(Per Inch Space).
Two Months
(8
times)
WILLIAM
Calls and Redemptions.
—
Carthage, Mo. Bond Call. Bonds Nos. 13 to 18 inclusive, each for $500, have been called for payment Aug. 1 at
the office of the Treasurer.
Warrant Call. The State Treasurer, John A.
Colorado.
Holmberg, calls for payment 30 days from date of call
—
— the following warrants:
—The
Denver, Colo. Bond
July 10
Three Months (13 times). .$29 00
Six Months
(26 times)... 50 00
$22 00 Twelve Months (52 times)... 87 00
Transient matter (each time) $4 20
STANDING BC8INESS CARDS.
Bond
.
Of the Revenue
Of the Revenue
of 1904,
of 1905,
Nos. 3398 to 3055, both numbers Inclusive.
Nos. 1334 to 1467, both numbers Inclusive.
Call.
Treasurer of the City
called the following bonds for pay-
and County of Denver has
ment Aug. 1:
DANA COMPANY, .Publl«taer»,
B.
Fine Street, corner of Pearl Street,
fO*T Ottice Box 958.
NEW YORK,
SIDEWALKS.
South Broadway Sidewalk District No.
1
— Bond No. 9.
PAVING.
News
— —
——
Items.
—
Aurora, Ind. Payment of Water Bonds Enjoined.
following appeared in the Indianapolis "News":
—The
LAWRENCEBURG. Ind., July 15.— The celebrated water-works ease of Aurora
has been passed upon by the Hon. Thomas C. Batchelor, special Judge, who has Issued a restraining order against the city of Aurora trom accepting or operating the
plant, and from "paying any part of the $95,000 bonds Issued for Its construction.
The suit was brought by Harry B. Hill and other taxpayers, alleging fraud. The
Court holds that the company Is a myth, not a dollar of stock having been paid, and
that It was formed only to enable the city to evade the constitutional limitation relative to municipal Indebtedness.
The decision leaves the bondholders with a water
works plant, which they must sell or operate.
—
Connecticut. Savings Bank Investment Bills. The State
Legislature has passed the bills permitting savings banks to
invest in the bonds of the Connecticut Railway & Lighting
Co and in the bonds of the Consolidated Railway Co. See V.
80, p. 1132.
Legislature Adjourns.
The Legislature of this State adjourned July 19 1905.
Finney County (Kan.) School District No. 1, Bond Compromise. The following appeared in the Kansas City "Star":
—
—
—
Topeka. July 1. John S. Dawson, Special Assistant Attorney-General, has
effected a compromise with the Commissioners of School District No. 1 in Finney
County whereby the State will lose $300 of its Interest on bonds owned by the State
School Fund Commission. This school district is wnat was once Garfield County.
It was disorganized after It had Issued many bonds, and the State has been endeavoring for years to get a settlement of the debt. The old county is now a school
district, and Mr. Dawson has arranged with the Commissioners to take flfteen-year
bonds for the old debt, which now amounts to $11,463. By this transaction the
State will lose only the Interest of $300 which Is now due.
—
Idaho. Bond Issue Invalid. The following Regarding a
f>roposed issue of bonds of this State, appeared in the Port-
and "Oregonian."
Boise. Idaho, July 1.— The Supreme Court to-day decided the case brought
to determine the legality of a proposed issue of $12,000 In bonds for the School
of Science Building at the University.
The decision is against the bonds. In the
Act of the Legislature providing for the bonds it was provided that a fund should
be created from Interest arising from the Investment of University funds with which
to retire the bonds.
It held this would be a violation of the provision of the Act
of Congress granting lands for maintenance of such Institutions.
The funds derived
from sale of the lands cannot be used to pay bonds, but must be permanently
invested, the Income of the funds so invested being used solely for maintenance.
Japan.
this
New
Allotments of
week
Loan.
to subscribers to the
the terms of allotment as follows
including
—Letters
were
mailed
new Japanese
:
loan giving
Subscriptions up to and
from £600 to £900, £500; from
£1,000 to £2,000,50%; from £2,100 to £2,400, £1,000
from £2,500 to £5,000, 40%; above £5,000, from 30%
£500,
in
full;
;
to
10%.
Jersey City, N. J.— Water Bond Bill Veto.— Governor
Stokes on July 19 vetoed the bill making the 87,595,000
bonds, which Jersey City will issue to pay for its now water
Slant, a first lien on the works. The Governor vetoed the
ill for the reason that the State Attorney General considered
it unconstitutional, first because" the title is broader than the
body of thfj Act, and, second, because the Act is special and
also undertakes to regulate the internal affairs of a city.
New York State. Special Session Ends. The special season of the State Legislature which convened June 21 adrned July 20.
The session was principally taken up with
sideration of the impeachment proceedings againsl Justice
>ker.
The vote in the House on the resolution was 70
yea and 67 nay the constitutional requirement being two-
—
—
thirds.
The
resolution failing in the House, no
taken in the Senate. Just before adjournment the Gov<
sent in a message recommending for consideration the qi
tion of appointing a joint committeee to inv<
the operations of life insurance companies, with a view to n
the insurance law.
In accordance with thie
datum, a resolution was ]
tnitproviding for a job
tee of three Senators and five Assemblymen to make the
eation.
Placerville, Cal. -Bond Decision.—
take the folio*
from the San Francisco "Chronicle" of June 20:
I
.
We
Broadway Paving District No. 1 Bonds Nos. 48 and 49.
Colfax Avenue Paving District No. 2 Bonds Nos. 12, 13 and 14.
Champa Street Paving District No. 1 Bond No. 58.
Eighth Avenue Paving District No. 1 Bonds Nos. 20 and 21.
Grant, Logan and Seventr ave., Paving Dist. No. 1 Bonds Nos.
Twentieth Avenue Paving District No. i Bond No. 4.
—
—
1.
2 and 3.
GRADING.
—Bonds Nos. 21 to 28, inclusive.
Broadway Storm-Sewer District No. — Bonds Nos. 55 to 62, Inclusive.
Capitol Hill Storm-Sewer District No. 1— Bonds Nos. 251 to 260, Inclusive.
Capitol Hill Storm-Sewer District Sub. 10— Bond No.
Capitol Hill Storm-Sewer District Sub. 11 — Bond No. 7.
Capitol Hill Storm-Sewer District Sub. 15— Bond No.
Capitol Hill Storm-Sewer District Sub. 16 — Bond No.
Capitol Hill Storm-Sewer District Sub. 19— Bond No. 10.
North Denver Grading District No.
1
SEWER.
1
•
6.
7.
4.
Capitol
Capitol
Capitol
Capitol
Storm-Sewer
Storm-Sewer
Storm-Sewer
Storm-Sewer
Hill
Hill
Hill
Hill
Sub. 20— Bond
Sub. 21— Bond
Sub. 22 Bond
Sub. 24— Bond
District
District
District
District
—
No.
No.
No.
No.
15.
7.
15.
9.
IMPROVEMENT BONDS.
—
—
— —
— —
——
—
Bonds Nos. 61, 62 and 63.
Capitol Hill Improvement District No. 1
Bonds Nos. 36 to 40, inclusive.
Capitol Hill Improvement District No. 2
Bonds Nos. 31 to 40, inclusive.
Capitol Hill Improvement District No. 3
East Capitol Hill Improvement District No. I Bonds Nos. 27 and 28.
East Denver Improvement District No. 1 Bonds Nos. 31 to 35, inclusive.
Eighteenth Avenue Improvement District No. 1 Bonds Nos. 19 to 25, inclusive
Grant Avenue Improvement District No. 1 Bond No. 33.
Mountain View Improvement District No. 1 Bond No. 9.
South Broadway Improvement District No. 1 Bonds Nos. 35 and 36.
South Fourteenth Street Improvement District No. 1 Bonds Nos. 11 and 12.
—
VIADUCT BONDS.
Fourteenth Street Viaduct District
—Bonds Nos.
1
to 250, inclusive.
the holders of any of the above bonds
ten days before the expiration of this call, the Treasurer will
arrange for their payment at the Mercantile Trust Co., New
York City; but not otherwise.
Hamilton County (P. O. Cincinnati), Ohio. Bond Call.
Call was made for payment July 1 at the office of the County
Treasurer of $10,000 real-estate-record bonds dated July 1
1885, due July 1 1915, subject to call after July 1 1905.
Nebraska. Warrant Call. The State Treasurer called for
payment July 12 all general fund State warrants up to and
including No. 122,954. This call redeems all warrants issued up to Feb. 6 1904.
Russellville, Ky.
Bond Call. Interest ceased July 1 on
$15,000 6% bonds issued July 19 1892 and $3,000 6% bonds
issued Jan. 15 1884.
Payment to be made at the Bank of
Upon request from
—
—
—
Russellville.
—
Saline County, Mo.
Bond Call. Call is made for pay1 at the Mississippi Valley Trust Co., St. Louis
of bonds Nos. 1 to 7 inclusive each for $1,000.
ment Aug.
—
San Antonio, Tex. Bond Call
Call is made for payment
July 22 at the office of the City Treasurer or at the National
City Bank in New York City of $300,000 6% funding bonds
(Nos. 1 to 300 inclusive), dated July 22 1895.
Texas.
Warrant Call. The State Treasurer has called
for payment all unpaid registered warrants on the general
fund up to No. 52,874, representing about $95,763.
—
—
Bond Proposals and
Negotiations
have been as follows
Ada, Hardin County, Ohio
this
week
:
—
Bond Sale. On July 15 the
20-year refunding bonds described in V. 81,
p. 43, were awarded to Hoehler & Cumming£ of Toledo at
lor 10 and interest.
Following are the bi
4}4%
000
lloehler
Ac
Cummlngs, Toledo.. .$5,205
P. 8. Brlgga
A
ilaycr. Cincinnati. 5,181
Co. Cincinnati... :>.lv>
I
I
I
',— *5 JS2
Lamnrecht Hr
W.
\V.
It.
.1
Todd
II
,
'
<<
i
••
"-- S'JtX
?•''"
jil
Adams Mills (Ohioi Special School District.- Bond Sale.
ribed "' "•
July IB the $10,000
ool bon
Bank 4
Bavings
p. 43, were awarded to the Security
Following an
Trust Co., Toledo, at io.v:.o and interest.
—On
the
bi
"
THE CHRONICLE.
278
10325
National Bank
Well. Roth & Co.. Cincinnati. -.103-00
Denlson, Prior & Co., Cleve.WW102 83
Hoehler & Cummlngs, Toledo. .101-27
W. R. Todd & Co., Cincinnati. .101-05
Dresden
Security SAY. lik. <fc Tr. Co., Tol.10550
New I'-lrst Nat. Hk., Columbus. .100-81
W.J. Hayes A Bona, Cleveland.. 100-01
Rodgers A Son, Chagrin Kails.. 105- 17
Ijamnrccht Bios. <fc Co., Cleve...l05 11
P. 8. Brlggs & Co.. Cincinnati. ..104-10
Bonds mature $500 yearly on March
inclusive.
1
from 1900 to 1925
—
Seasongood & Mayer of CincinAlliance, Ohio. Bids.
nati offered $36 75 premium and W. R. Todd & Co. of Cin1-3-year (serial)
cinnati $17 50 premium for the $17,500
Saving and intersection bonds described in V. 81, p. 169.
1-5-year (serial)
[o bids were received for the $85,000
1-3-year (serial)
street-improvement and the $16,500
sanitary-sewer bonds offered on the same day.
20-year waterBond Sale.— On July 13 the $10,000
system-improvement bonds described in V. 80, p. 2634,
were awarded to Seasongood & Mayer, Cincinnati, at
101* 286 and interest.
Following are the bids:
4%
4%
4%
4%
Well, Roth & Co., Clncln... 810,000 00
Alliance Bank Co., Alliance. 10,000 00
Seasongood & Mayer, Cln...$10.128 60
W. R. Todd A Co Clnclnati 10.021 00
10 060 00
8. A. Kean, Chicago
,
—
Amite County, Miss. Bonds Proposed. The Board of
Supervisors has been petitioned to call an election to vote on
the question of issuing bonds for a new court house.
Ann Arbor (Mich.) School District. Bond Offering.
—
The
4%
notice of the offering for sale of the $200,000
high-school-building
bonds will be found among the
coupon
official
advertisements elsewhere in this Department.
Proposals
bonds will be received until 7:30 p. m., Aug. 8, by
G. J. Ray, Secretary Board of Education. For details of
issue and terms of sale see page 224 of last week's issue.
Ansonia, Conn. Bond Sale. On July 17 the $70,000
4% school bonds described in V. 80, p. 2634, were awarded
to E. H. Gay & Co., Boston, at 103 09
Securities mature
for these
—
-
$3 ,000 yearly beginning July
E. H. Gay & Co., Boston
10309
Harriman & Co., New York
10293
Blodgett. Merritt & Co.. Boston 102- 789
1
1906. Following are the bids:
R
Kleyboite&Co., Cincinnati. .102-26
Burgess. Lang &Co._
Page. Banks & Henke
10207
101-75
Antigo, Wis.—Bond Sale.—On July 19 $15,000 4% school
bonds were awarded to Rudolph Kleybolte & Co. of Cincinnati at 100'20 and interest.
Denomination $1,000.
July 15 1905. Interest semi-annual.
Maturity yearly
1907 to 1921 inclusive.
Date
from
—
Arlington, Mass.
Temporary Loan. This town has borrowed $10,000 for five months at 3}4% discount.
Arlington, Neb. Bonds Voted. It is stated that this vil-
—
lage has voted to issue $14,000 water-works bonds.
Ashtabula County (P. O. Jefferson), Ohio. Bond Issue
Valid.
We are advised that the Court of Common Pleas
recently handed down a decision affirming the validity of
the $200,000 bridge bonds mentioned in V. 80, p. 1252 and
1070. The attorneys for the plaintiffs have given notice
that an appeal will be taken to the Circuit Court. It will,
therefore, be several months before the final decision from
the higher courts will be rendered.
—
Bay
City (Tex.) Independent School District. Bond Sale.
$21,000 5% 10-40-year (optional) school-house bonds
registered by the State Comptroller on June 17 have been
sold to J. M. Moore for $21,092 50 and accrued interest.
Denomination $1,000. Date May 10 1905.
Bay St. Louis, Miss. Description of Bonds. The $5,000
5% coupon additional city-hall and jail bonds recently
authorized by the Board of Aldermen answer to the following description:
Denomination $100. Date Sept. 1 1905.
Interest annually at the office of the City Treasurer.
Maturity Sept. 1 1915.
Belle Valley (Ohio) School District.—Bond Offering.
Proposals will be received until 2 p.m., Aug. 12, by Minor
Hazard, Clerk of Board, for $3,000 5% bonds. Denomination $300.
Date Sept. 1 1905. Interest semi-annually at
the Citizens' National Bank of Caldwell.
Maturity $300 on
Sept. 1 of the years 1915, 1917, 1919, 1921, and from 1923 to
1928 inclusive. Deposit of 3% required.
Bernalillo County (P. O. Albuquerque), N. M.
Bond
Proposals will be received until 12 m., July 24, by
Offering.
the Board of County Commissioners, J. A. Summers, Clerk,
for $70,400 20-30-year (optional) bonds at not exceeding
5% interest. Securities are dated July 1 1905.
Berthold School District, N. Dak.—Bond Sale. On July 8
this district awarded an issue of $6,000
school-house
and site bonds to the State of North Dakota at par. Denomination $500. Date June 1 1905. Interest semi-annual.
Maturity June 1 1925.
Bishopville, S. C. Bond Sale.
The $20,000 water-works
bonds voted at the election held April 26 1905 have been
—The
—
—
—
—
Vol. lxxii
|
—
Bristol County (P. O.Taunton), Mass.
BondOffering.
Proposals will be received until 10 a. m., August 1, by the
County Commissioners Geo. T. Durfee, Chairman for
registry-of-deeds notes.
Denominations, one
$30,000
note of $20,000 and one of $10,000. Date Aug. 2 1905.
Maturity five years.
Broken Arrow, Ind. Ter. Bond Offering. Proposals will
be received until 8 p. m., July 25, by the Town Council,
for $7,500 5% 5-15-year (optional) school bonds.
Denomination $500.
Ed. Dalton is City Recorder.
Bryan, Tex. —Bond Sale. The $6,000 4% 25-year schoolhouse bonds registered by the State Comptroller on July 5
have been sold to the City National Bank of Bryan.
Burlington, N. J. Bonds Authorized
The Council has
authorized the issuance of $9,750 fire-department bonds.
Caldwell (Idaho) School District. Bonds Voted and Sold.
We are advised that this district recently voted to issue
$8,000 5% school-house bonds and that the securities have
already been sold to the State.
Cambridge, Neb. Bond Election Not Yet Called. No date
has yet been set for the election to vote on the question of
issuing the $20,000 water bonds mentioned in V. 80, p. 2415.
—
—
4%
—
—
—
—
—
—
Cambridge, Ohio. Bond Offering. Proposals will be received until 12 m., Aug. 14, by T. R. Deselm, City Auditor,
for $4,500
20-year water bonds. Denomination $500.
Date July 1 1905. Interest semi-annually. Accrued interest to be paid by purchaser.
Cameron, Mo. Bonds Registered. The State Auditor on
funding bonds of this city.
July 13 registered $50,000
Carrington, N. Dak.
Bonds Refused. Upon advice of
their attorneys, C. H. Coffin of Chicago has refused the $6,500
5% 20-year water, improvement and funding bonds awarded
to them on May 1Q.
See V. 80, p. 1985.
4%
—
4%%
—
—
5%
pavCentral City, W. Va
Bond Sale.—-The $23,000
ing bonds offered without success on June 22 were awarded
at private sale on July 3 to White & White of Wheeling for
$23,350 and accrued interest. See V. 80, p. 2357, for de
scription of bonds.
Central City Independent School District, W. Va. Bond
Proposals will be received until 12 m., August 2,
by the Board of Education, at the office of the American
Bank & Trust Co. of Huntington, for $12,000 5% bonds.
Denomination $500. Date Aug. 2 1905. Interest annually
Maturat the American Bank & Trust Co. of Huntington.
ity twenty years, subject to call after ten years.
Bond Sale. It is stated that the $35,Charlotte, Mich.
000 paving bonds mentioned in V. 80, p. 2415, have been sold
to the Detroit Trust Co. for $34,718 86.
Proposals will be reCheviot, Ohio. Bond Offering.
ceived until 12 m., Aug. 14, by Charles Craig, Village Clerk,
at the office of Louis Reemelin, Room 308, Bell Block, Cincinnati, for $1,770 80 6% 1-10-year (serial) South Street No.
1 and $1,675 20 6% 1-10-year (serial) South Street improvement No. 2 bonds dated June 27 1905.
The $5,500 gas-plant bonds
Clarence, Iowa. Bond Sale.
recently voted have been sold to an investor residing in
Offering.
—
—
—
—
Davenport.
Clifton, Tex.
Bonds not yet Ready for Issuance. No steps
have yet been taken towards the issuance of the $8,000
water-works bonds voted at the election held June 6 1905.
Clover Township, Pine County, Minn. Bond Offering.
Proposals will be received until 3 p. m., Aug. 5, by C. O.
Morgan, Chairman Board of Supervisors, for $8,000 road
bonds at not exceeding 6% interest. Denomination $1,000.
Maturity fifteen years.
Interest annual.
Cokedale (Mont.) School District. Bond Sale. This
district has sold at par to the Union Bank & Trust Co. of
Helena an issue of $2,000 6% building bonds.
Cook County (P. O. Chicago), 111. Bond Offering. Proposals will be received until 1:30 p. m., July 31, by the Board
of Commissioners at the office of William McLaren, Superintendent of Public Service, for $250,000 4% gold bonds,
—
—
—
—
Series
"I."
Date Sept.
Denomination $1,000.
Maturity Sept.
1
1906.
able to Edward J.
sioners, required.
Certified check for
2%
Brundage, President Board
1
1905.
of bid, payof Commis-
—
Bonds Voted. This place on July 6 by a
Corvallis, Ore.
vote of 278 to 106 authorized the issuance of $75,000 water
bonds.
Cottage Grove, Ore. Bond Sale. The $20,000 5% water
bonds voted at the election held May 15 haye been sold to
DeMorris Bros. & Christensen of Portland for $20,212 50.
nomination $1,000. Date July 1 1905. Interest semisold.
annual. Maturity thirty years.
Blair County (P. O. Hollidaysburg) Pa. Bond Offering.
Creston, Ohio. Bonds Defeated. The proposition to
Proposals will be received until 11 a. m., July 29, at the issue $20,000 water and light bonds failed to carry at the
office of the County Commissioners, for $160,000 3-65%
election held July 3.
registered insane-building bonds.
Denomination $1,000.
Dallas, Tex. Bond Election. An election will be held
Date Aug. 1 1905. Interest semi-annually at the office of Aug. 22 to vote on the question of issuing $300,000 waterthe County Treasurer. Maturity thirty years, subject to improvement, $150,000 high-school-building, $50,000 ward
call after ten years.
Bonds are free of all taxes. Cer- school building, $100,000 sewer, $60,000 street-improvement
tified check for 2% of bid, payable to the Treasurer of and $27,500 city-prison bonds.
Total debt, including this issue,
Blair County, required.
David City, Butler County, Neb. Bond Sale. On July 1
$282,500. Assessed valuation 1905, $34,331,612.
W. S. the $3,000 5% 10-year park bonds described in V. 80, p.
Hostler is County Clerk.
2635, were awarded to J. G. Ross of David City at par.
4%
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THE CHRONICLE.
.July 22 1905.]
Bids were also received from the Seourity Investment Co. of
Lincoln (par and premiinn of S10) and from 8. A. Kean of
Chicago (par and premium of $9) ,but these bids, being conditional, were rejected.
Decatur (111.) School District. Bonds Authorized. It is
stated that the Hoard of Education has decided to borrow
$60,000 for the erection of new school buildings.
Des Moines (Iowa), West Des Moines School District.
The 840,000 4% bonds recently
Description of Bonds.
awarded to George M. Bechtel & Co. of Davenport (see V.
81, p. 225), answer to the following description: DenominaDate July 1 1905. Interest semi-annual. Mation $1,000.
turity July 1 1915, subject to call after July 1 1910
Detroit, Mich.
Bond Offering. Proposals will be received until 11 a.m., July 25, by F. A. Blades, City CompDenomination
troller, for $250,000 2>Yi°/o boulevard bonds.
$1,000. Date Aug. 1 1905. Interest semi-annually at the
office of the City Treasurer or at the current official bank in
New York City or in Detroit. Bids are asked for bonds
maturing in thirty years or bonds matring as follows: $150,000 bonds maturing $5,000 yearly on Aug 1 from 1906 to 1935
inclusive; $100,000 bonds maturing $5,000 every other year
on Aug. 1 from 1907 to 1925 inclusive and $5,000 yearly 1926
to 1935 inclusive. Either money or a certified check for 2 per
cent of bonds bid for, payable to the order of the city of Dechecks to be drawn on a national bank in
troit, required
the United States or on a State bank in Detroit. Coupon
bons may be exchanged for registered securities at any time.
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Bonds are exempt from city taxation.
Dodge, Neb.— Bond Sale.— On July 15 the $2,000 5% 1020-year (optional) lighting and the $8,000 5% 5-20-year
(optional) water bonds described in V. 81, p. 170, were awarded to the Hanover National Bank, New York City, at 100" 25
and interest.
Dover, Del. Bond Election Postponed. We are advised
that the election which was to have been held July 17 to vote
on the question of building sewers was postponed until the
—
$500.
—
Dunkirk (N. Y.) School District. Bond Sale. Arrangements have been made for the sale of $18,000 improvement
bonds to the Lake Shore National Bank at par.
Durham, N. C. Bond Offering. Proposals will be received until 11 a. m., July 31, by George W. Woodward,
Clerk Board of Aldermen, for $50,000
coupon school
bonds. Denomination $1,000. Date July 1 1905. Interest semi-annually at the United States Mortgage & Trust
Co. of New York City, which company wiil certify as to the
genuineness of the bonds. Maturity July 1 1935. The
legality of the issue will be approved by J. H. Caldwell,
Certified check on a national bank
1-, New York City.
or trust company for 2% of bonds bid for, payable to the
—
4^%
Treasurer of the city of Durham, required.
Date Sept.
1905.
1
office of the County Treasurer.
ject to call alter ten years.
Interest semiannually at the
.Maturity twenty years, sub-
—
Gananoque, Ont. Debenture Sale. The $118,500 4%
debentures offered on June 20 were awarded to the Canadian Securities Corporation of Toronto. The price paid for
the debentures will not be announced until the sale is finally
consummated. See V. 80, p. 2357, for description Of securities.
Gila County (P. O. Globe), Ariz.— Bond Sale.— On July 3
10-30-ycar (optional) coupon court-house
the $40,000
bonds described in V. 80, p. 2358, were awarded to the
First National Bank of Globe at 102.
Bonds Voted. At an election held July 10
Gloster, Miss.
$10,000 town-hall bonds were authorized by a vote of 50 to
43 and $5,000 water-main bonds by a vote of 83 to 16.
5%
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Gloucester City, N. J.—Bond Sale.— The $50,000 4% 10year bonds mentioned in V. 80, p. 2476, have been sold to
the Camden Fire Insurance Co. at par and interest.
Grand Forks, N. Dak. Bond Offering. It is stated that
proposals will be received until Aug. 15 for $25,000 20-year
park bonds at not exceeding 5% interest.
Grand Prairie (Texas) Independent School [District.
Bond Offering. P. A. Geco, Secretary Board of Trustees, is
the $8,000 4% 20-40-year
offering at par and interest
(optional) school-house bonds registered by the State CompDenomination $1,000. Date June 1
troller on June 26.
Interest annual.
1905.
Greeley, Colo. Bonds Not Yet Authorized.
No steps have
yet been taken looking to the issuance of the $250,000 water
and the $20,000 city-hall bonds voted at the election held
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April 4
1905.
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Hackensack, N. J. Bond Sale. On July 17 the $122,000 4% 15J4-year (average) Main Street, etc., bonds, and the
$13,000 4% 8-year(average) Broadway, etc., bonds described in V. 81, p. 171, were awarded to H. L. Crawford &
Co.,
fall.
J7<)
New York
City, at 102.62 and.101.125 respectively. Fol-
lowing are the bids:
H. L. Crawford &
$122,000
Bonds.
102.62
102.435
101.57
101.262
101.19
New York
Joseph Walker & Sons
Farson, Leach &Co., New York
W. E. Jackson & Co
Co..
Hackensack Trust Co
$13,000
Bonds.
101.125
100.87
100.37
100.442
101.11
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Hamilton County (P. O. Cincinnati), Ohio. Bond Sale.
July 14 the $6,000 4% 10-year County Infirmary improvement bonds described in V. 80, p. 2476, were awarded
On
to the Central Trust & Safe Deposit Co. of Cincinnati for
$6,215 41. Following are the bids:
& Safe Dep. Co... $6,215 41
W. R. Todd & Co.. Cincin... 6,20100
Central Tr.
I
Arthur L. Frank, Cincinnati. .$0.1^0 00
Atlas Nat. Bank, Cincinnati.. 6,15100
Seasongood & Mayer, Cincin.. 6,137 50
A
Handsboro, Miss. Bond Sale
The $4,000 school-house
bonds mentioned in our issue of June 10 have been sold to
Well. Roth
Co., Cincinnati. 6,182 00
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Eastchester (N. Y.) Union Free School District No. 2.
C. H. Coffin of Chicago.
Bond Sale.— On July 19 $15,000 4% bonds of this district
Harriman, Tenn. Bond Sale. On July 12 the $100,000
were awarded to Geo. M. Hahn of New York City at 100" 14 5% 20-year refunding bonds dated April 1 1905 were awardand interest. A bid of par and interest was also received ed to W. J. Hayes & Sons, Cleveland, at 102 05 and interest
from the Mount Vernon Trust Co. Denomination $1,000.
a basis of about 4' 837%. Following are the bids:
—
-
Date July 1 1905. Interest semi-annual. Maturity $1,000
yearly on July 1 from 1906 to 1920 inclusive.
Edgar School District No. 12, Clay County, Neb. Bonds
Not Sold. No sale has yet been made of the $21,000 4%
school bonds offered on June 24 and described in V. 80. p.
—
2635.
Elyria, Ohio.
Bond Offering. Proposals will be received
until 12 m., Aug. 21, by Frank R. Fauver, City Auditor,
—
—
W.J. Hayes & Sons, Cleve
John Nuveen(& Co. .Chicago
102050
1
103-313
F. L. Fuller & Co.. Cleveland. ..10151
Ud ion Sav. Bank &Tr.Co
10150
I
Lamprecht Bros. & Co., Cleve.101'509
W. R. Todd & Co., Cincinnati.. 101-107
101053
Cincinnati Trust Co
100-73
Denlson, Prior & Co.. Cleve
See V. 81, p. 171, for description of bonds.
Harrington (Wash.) School District. Bond Sale. The
$8,000 school-building bonds voted at the election held May 8
1905 have been sold to the State of Washington at par and
interest for 43^ per cents.
Hartford South School District, Conn. Bonas Not to be
Issued at Present.
We are informed that the $200,000 bonds
of this district mentioned in V. 81, p. 45, will not be issued
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5% coupon Washington Avenue improvement
Denomination $500, except one bond for $150.
Date March 1, 1905. Interest semi-annually at the United
States Mortgage & Trust Co., New York City.
Maturity at present.
$2,150 on March 1 1906, $2,000 on March 1 1907 and also
Healdsburg School District, Sonoma County, Cal. Bond
on March 1 1908, and $2,500 yearly on March 1 from 1909
Sale.
On July 10 $35,000 4% school-house bonds were
to 1915 inclusive. Accrued interest, to be paid by purchaser.
awarded to the State of California at par and interest. DeCertified national bank check for $1,000, payable to the City
nomination $1,750.
Date July 1 1905. Interest semiTreasurer, required.
All bids must be unconditional and annual.
must be made on blanks prepared by the City Auditor.
Herington (Kan.) School District. Bond Offering. ProEupora, Miss. Bonds Authorized. The City Council has
Sosals will be received at any time by F. D. Carman, Agent
authorized the issuance of $10,000 5% school bonds.
oard of Education, for the $8,000 4^% coupon schoolFairmont, Minn. Bond Election. An election will be building bonds voted at the election held June 5. Authorheld in this city to vote on the question of issuing $19,000 ity, Chapter 398 Laws of 1905.
Denomination $1,000.
electric-light-plant-improvement bonds.
Date Aug. 1 1905. Interest January and July at the State
Maturity $1,000 yearly
Fayetteville, N. 0.
Bond Offering. Proposals will be re- Fiscal Agency in New York City
Bonded dent at
ved until 12 m., Aug. 1, by C. B. McMillan, Mayor, for on July 1 from 1916 to 1923 inclusive.
valuation,
present,
floating
debt,
Assessed
$5,000.
$8,500;
$30,000 5% coupon electric-light and funding bonds.
De:7,329.
lination $500. Date June 1 1905. Interest semi-annual.
Maturity thirty years.
Hillrose Irrigation District, Morgan and Washington
not
Findlay, Ohio. Bond Offering.
Proposals will be re- Counties, Colo. Bonds Xot Vet Sold. This districl baa
•et sold the $39,500 6% bonds offered without
ceived until 12 m., July 31, by \V. Dcmland, City Auditor,
for $5,000 5% park bonds.
Denomination $1 ,000. Date June 1, although we are informed private negotiatio
June 1 1905.
Interest
Maturity $1,000 now pending for the sale of the same. See V. 80, p.
semi-annual.
yearly on June 1 from L906 to 1910 inclusive.
Accrued inter- for details of bonds.
est to be paid by purchaser.
Hollywood (Cal.; School District.— Bonds Voted- his
Certified check for 3% of the
bonds bid for, payable to the City Treasurer, required.
district on July 8 voted to issue $7,000 Don
for $23,650
bonds.
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1
I
1
Forsyth School District No.
Bond
Aug.
tees,
—
4,
Rosebud County, Mont.
Offering.
Proposals will be received until 12 m.,
12, by E. E. Denis, Chairman Board of School Trusfor $7,500
Denomination
school-house bonds.
5%
Humboldt, Neb.— Bond Sale.—On July
io-20-year (optional) city-hall bonds described
1
awarded
Date July
171, were
$500.
to
1
Frank Snether
1905.
I
at par.
Interest annual.
I
in
v. 81,
p.
Denomination
THE CHRONICLE.
280
—
Humboldt, Tenn. Bond Offering. Proposals will be received until 2 p. m., Aug. 7, by J. H. Preston, Clerk, for
Denomination $500.
$12,000 5% coupon* school bonds.
Date Aug. 7 1905. Interest January and July at the Chase
National Bank, New York.
Maturity thirty years, subject
to call after ten years.
Idaho Falls, Idaho. Bond Election. An election will be
held in this place to vote on the question of issuing $37,250
watcr-works-improvement bonds.
Idaho Springs, Colo.— Bond Sale.— On July 6 the $75,000
5% water- works bonds described in V. 80, p. 2477, were
awarded to the First National Bank of Idaho Springs, Wm.
E. Sweet & Co. of Denver and James H. Causey of Denver at
par.
Isanti County (P. O. Cambridge), Minn. Bond Sale.
On July 11 the $5,800 5% ditch bonds described in V. 80, p.
2636, were awarded to Ambrose Tishe, Attorney, St. Paul,
at 104 45.
Following are the bids:
Ambrose Tlshs, St. Paul
Cleveland. $5, 836
$6,058
W .1. Hayes & Sons,
J. M. Holmps. Chicago.
5,950
Union Inv. Co., Minneapolis
5,816
Minn. Loan & Tr. Co., Mpls
5.950
Jacksonville, Ohio.—Bond Sale.— On July 17 the $900 6%
building bonds described in V. 80, p. 2636, were awarded to
the Dresden National Bank for $936.
Jewett City (Borough), Conn. Bonds Not Sold. The
30-year refunding bonds offered on July 10
$30,000
were not sold. See V. 80, p. 2636, for description of securi-
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3M%
ties.
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Johnson City, Tenn. Bond Sale. This city has sold an
issue of $10,000
funding bonds to the Provident Savings
Bank & Trust Co. of Cincinnati at par. Denomination
Date June 1 1905. Interest semi-annual. Matur$500.
5%
ty June
1
1915.
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An election will be held in August to
vote on the question of issuing $35,000 5% school bonds.
Joplin, Mo.
Election Call Withdrawn.
The election
which was to have been held on July 11 to vote $75,000 city-hall, $25,000 city-jail, $15,000 viaduct and $12,000
sewer bonds did not take place, call for same having been
Bond
Election.
—
withdrawn.
Ketchum
[Vol. lxxxi
—
McLennan County, Tex. Bonds Defeated. The proposition to issue $400,000
road-improvement bonds failed to
carry at the election held July 13.
4%
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Magnolia, Miss. Bonds Proposed
The issuance of
$15,000 school-building bonds is being considered by the
Mayor and the Board of Aldermen.
Manistee, Mich. Bond Offering. Proposals will be received until 1 p. m., Aug. 1, by C. A Gnewuch, City Clerk,
for $50,000 4% coupon park bonds.
Denomination $1,000.
Date Aug. 1 1905. Interest semi-annually at the office of
the City Treasurer.
Maturity $10,000 yearly on Aug. 1
from 1923 to 1927 inclusive. Certified check for 3%, payable to the City Treasurer, required.
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Manistee County, Mich. Bond Offering. Proposals will
be received until 1 p. m., Aug. 1, for $30,000 4% coupon
bridge bonds.
Denomination $1,000. Date April 1 1905.
Interest annually at the office of the County Treasurer.
Maturity $3,000 yearly on April 1 from 1906 to 1915 inclusive.
Certified check for 3% required.
Bonded debt, this issue.
Assessed valuation 1904, $10,315,834.
Mansfield, Ohio. Bond Offering.
Proposals will be received until 12 m., July 29, by D. S. Koontz, City Auditor,
for the following bonds:
$25,000 5% 1-5-year (serial) street-improvement bonds.
400 b'Ju 1-year Park Avenue repair bonds.
400 5% 1-year Marion Avenue street-repair bonds.
300 5% 1-year West Third Street repair bonds
1,700 5% 1-3-year (serial) sewer-assessment bonds.
800 5% 1-3-year (serial) sewer-assessment bonds.
2,800 5% 1-7-year (serial) sidewalk bonds.
Securities are dated Aug. 1 1905.
Interest March 1 and
Sept. 1.
Bidders are to use printed form of bid prepared by
the City Auditor. Certified check for 10% of bonds bid for,
payable to the city of Mansfield, required.
Marinette County, Wis. Bonds Authorized. It is stated
that the County Board has voted to issue $45,000 insaneasylum bonds.
Marion County, Fla. Bonds Defeated. This county on
July 6 defeated a proposition to issue bonds for a new court-
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house.
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Marshall County, Miss. Bonds Proposed. The Board of
Supervisors has given notice that at the regular August meeting of the Board, unless objections are filed by the taxpayers
according to law, the issuance of $20,000 5% road bonds will
be authorized.
(Idaho) School District No. 6. Bond Offering.
will be received at any time by L. A. Duvall,
County Treasurer (P. O. Hailey), for $6,000 refunding bonds.
Denomination $1,000. Interest Jan. 1 and July 1. MatuMerna, Neb. Bonds not Sold. No sale was made on
rity $1,000 every second year beginning Jan. 1 1910.
July 11 of the $7,000 5% 5-20-year (optional) water bonds
described in V. 81, p. 172.
King County (Wash.) School District. Bids Rejected.
Miamisburg (Ohio) School District. Bonds Authorized.
The County Treasurer on July 7 rejected all bids received
for an issue of $35,000 school-district bonds.
We are not The Board of Education, it is stated, has authorized the
issuance of $50,000 school-house bonds.
informed as to the name of the district issuing these bonds.
Milwaukee Co., Wis. Bond Offering. Proposals will be
Kings Mountain, N. C. Bond Sale. On July 15 the
until 2 p. m., Aug. 10, by George Thuering, County
received
$15,000,5% 30-year electric-light bonds described in V. 80,
Treasurer, for $450,000 4% coupon viaduct bonds.
Dep. 2477, were awarded to F. M. Stafford & Co., Chattanooga,
hundred
bonds
each
and
nominations,
four
of
one
$1,000
Bids were also received from C. H. Coffin of
at 101-233.
hundred of $500 each. Date Sept. 1 1905. Interest semiChicago and from O'Connor & Kahler of New York City.
Lake Park, Minn. Bond Offering. Proposals will be re- annually at the office of the County Treasurer. Maturity
ceived until 8 p. m., July 24, by Ira Schannack. Village $22,500 yearly on Sept. 1 from 1906 to 1925 inclusive. AuClerk, for $1,800 6% 7-12-year (serial)) gold coupon water thority for issue, Chapter 444, Laws of 1903.
Mobile, Ala.—Bonds Not Sold.— The $2,000,000 4% gold
bonds. Denomination $300. Date July 24 1905. Interrefunding bonds offered on July 15 were not sold.
est semi-annual.
Monroe, N.
Bond. Sale.— On July 3 the $20,000 5%
Lankershim School District, Los Angeles County, Cal.
Bond Sale— On. July 10 $6,000 5% bonds of this district funding bonds described in V. 80, p. 2478, were awarded to
were awarded to the Oakland Bank of Savings for $6,267. the Browne-Ellinwood Co. of Chicago at 101' 065. Bonds
Denomination $1,000. Date July 10 1905. Interest annual. mature in 25 years but are subject to call one twenty-fifth
yearly.
Maturity $1,000 yearly from 1910 to 1915 inclusive.
Montreal Catholic School District, Que. Bond Sale.
Lima, Ohio. Bond Sale. This city has awarded $20,000
school bonds offered but not sold on June 27
$200 ,000 4
5% Elm Street-improvement and $8,100 5% Jackson Street The
paving bonds to W. J. Hayes & Sons, Cleveland, for $20,745 have been placed with R. Wilson Smith at 102" 07. Securities mature May 1 1945.
and $8,368 respectively.
Naponee (Neb.) School District. Bond Sale. This disLittle Falls, N. Y.
Bond Sale. On July 11 an issue of
$20,000 4% paving bonds was awarded to the Herkimer trict has sold to W. E. Barkley Jr., Treasurer of the Lincoln
County National Bank at par. Denomination $1,000. Date Safe Deposit & Trust Co. of Lincoln, an issue of $3,000 5%
July 1 1905. Interest annual. Maturity $2,000 yearly for 5-10-year bonds, for $3,010.
Newark (Ohio) School District. Bond Offering. Proten years.
Liverpool Township, Columbiana County, Ohio. Bond posals will be received until 12 m., Aug. 15, by D. M. Keller,
Offering .—Proposals will be received until 12 m. July 31 by Clerk Board of Education, for $15,000 4J^% building bonds.
the Township Trustees for $29,000 4J^% Calcutta Road Denomination $1,000. Date Aug. 15 1905. Interest semiimprovement bonds. Denomination $500. Date Aug. 1 annually at the office of Treasurer. Maturity $1,000 yearly
1905. Interest semi-annually at the office of the Township on Aug. 15 from 1906 to 1920 inclusive. Accrued interest
Treasurer in East Liverpool. Maturity $1,000 yearly on to be paid by purchaser. Certified check for $200 required.
New Bedford, Mass.—Bond Sale.—On July 14 the $110,Aug. 1 from 1910 to 1930 inclusive and $2,000 yearly on
Aug. 1 1931 to 1934 inclusive. Certified national bank check 000 4% 10-year improvement, the $62 ,000 4% 30-year sewer,
20for $2,000 required.
Willis Davidson is Clerk of Liverpool the $21,000 4% 20-year school and the $100,000 334%
year school gold bonds a total of $293,000 were awarded
Township.
Lockland, Ohio. Bonds Authorized. The Village Council to Estabrook & Co., Boston, at 104 079. Following are the
on July 10 passed an ordinance providing for the issuance of bids:
FOR THE ENTIRE $293,000 BONDS OFFERED.
$13,000 4% building bonds. Denomination $500. Date Esterbrook & Co., Boston. .S304.953 90 Mackay & Co., Boston
$303,987 5o
Aug. 1 1905. Interest annual. Maturity $500 yearly on Blake Bros. & Co.. Boston.. 304.379 10 Kountze Bros., New York.. 300,000 0n
THE
ISSUES
FOR
SEPARATELY.
Aug. 1 from 1925 to 1950 inclusive.
SHO.OOO
$62,000
$21,000
100,000
Los Nietos Valley Union High School District, Los An4s
4s
4s
3 \A s
'..
(lor three issues) 105.651
geles County, Cal.
Bond Sale. On July 10 $20,000 5% N. W. Harris & Co.. Boston
(for three issues) 105.534
Blodget, Merritt & Co., Boston
.
this
district
bonds of
were awarded to the Oakland Bank of Merrill. Oldham & Co.. Boston
(lor three issues) 105.179
Sons,
Boston
103.95
109.32
&
107.17
Savings for $21,354. Denominations eighteen bonds of E. H. Rollins
103.71
108.41
106.51
.
Adams & Co.. Boston
103.568
108.32
106.486
$1,000 and one for $2,000. Date July 10 1905. Interest Geo. A. Fernald & Co.. Boston
annual. Maturity one bond yearly beginning in 1907.
Newberry, S. C. Bond Sale.— On July 5 the $24,000 4J^%
Louisville, Ky.
Sale of Gas Stock Defeated.
The Lower 25-year funding bonds described in V. 81, p. 47, were awardBoard of the General Council on July 11 by a vote of 13 to 7 ed to Seasongood & Mayer of Cincinnati for $24,200.
rejected the ordinance providing for the sale of 6,000 shares
Nobles County (P. O. Worthington) Minn. Bond Offerof the 9,250 shares of the stock of the Louisville Gas Co. ing.
Further details are at hand relative to the offering on
owned by the city.
Proposals for these bonds
July 25 of $8,000 ditch bonds.
•
— Proposals
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C—
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%
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J
July 22
be received until 1 p. m. on that day at the office of the
Bids are asked on bonds as follows:
Count}' Auditor.
1_5 bonds maturing $1,000 yearly on July 1 from 190S to 1915 Inclusive, ln;,
bonds maturing $1,000 yearly .'on July
from 190S
1
to 1915 Inclusive.
In-
terest Mint-annual.
—
3
InI4'"i bonds maturing $1,000 yearly on July Hfrom 190S to 1915.incluslvc.
terest annual.
yearly
July
190$
$1,000
on
1
from
to
1915
4
maturing
inclusive
bonds
(^'i
Interest animal.
lie ol Interest (to be payable semi-annually) at which bonds will bi
at par.
Rate of Interest (to be payable annually) at which bonds will be taken at par.
o
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Denomination SI, 000. Date July 1 1905. Certified
check for S500 on a national or State bank, payable to the
County Treasurer, required. Successful bidder must furAccrued interest to be paid by purchaser.
nish blank bonds.
North Branch, Chisago County, Minn. Bond Offering.
Proposals will be received until 8 p. m., Aug. 5, by Jacob
Rydell. Village Recorder, for $2,000 •!':>',, 20-year coupon
improvement bonds. Denomination 8500. Date Sept. 15
Blank bonds to be furnished by
Interest annual.
1905.
;
—
successful bidder.
—
Bond Offering. Proposals will be reNorthfield, Vt.
ceived by Charles S. Edgerton, Secretary Water Commissioners, for the private sale of $40,000 registered waterworks notes. We are informed that the village has acquired
the plant of the Andrews Aqueduct Co., and will construct a
modern water system, the total cost of which will be §65,000.
Ocean Park, Cal. Bond Offering. Proposals will be received until 7:30 p. m., July 24, by T. G. Smith, City Clerk,
coupon sewer bonds, second series. Denomfor 815,000
Date July 1 1905. Interest semi-annually at
ination S500.
Maturity S500 yearly on
the office of the City Treasurer.
July 1 from 1906 to 1935 inclusive. Certified check on some
bank in California for 5% of bid, payable to the City Treasurer, required.
Onawa, Iowa. Bond Offering. Proposals will be received until 8 p. m., July 24, by the Town Council for $10,.
000 4% 20-year water-works bonds. Denomination $1,000.
Date Aug. 1 1905. Interest semi-annually in Onawa. C.
—
5%
—
W. Ross
is
Town
Clerk.
—
————
THE CHKONICLE
1905.
will
2—5%
———————— — —
,
—
281
semi-annual.
Aug.
1
Maturity Aug.
1920, subject to call after
1
1910.
—
Putnam County
(P. O. Ottawa), Ohio.
Bond Offering.
be received until 12 m., Aug. 5, by the Board
of County Commissioners, for $06, ()()() 5% bonds.
DenomDate Sept. 1 1905.
ination $1,000.
Interest payable at
the office of the County Treasurer.
Maturity $6,000 yearly
from 2 to 12 years after date of issue. Cash or certified
cheek for $1,00*0, the latter drawn on sonic bank in Ottawa,
Louis X. Welde is County Auditor.
required.
Puyallup, Wash. Bonds Voted.
This city has voted to
issue $33,000 5% water bonds.
Quincy, Mass. Temporary Loan. A loan of $50,000 has
been negotiated with Bond & Goodwin of Boston at 3'57%
Loan matures Dec. 19.
discount.
Randleman, N. C. Bond Offering. Proposals will be received until Aug. 7 by Charles T. Beasley, Town Secretary
and Treasurer, for $7,500 5% coupon street-improvement
bonds. Denomination $500. Date July 1 1905. Interest
semi-annually at the Greensboro Loan & Trust Co., GreensMaturity July 1 1935. Bonded debt this issue. Asboro.
sessed valuation 1904 $475,000.
Certified check for $50,
payable to the City of Randleman, required.
Randolph, Neb. Bonds Voted. By a vote of 172 to 25
5this city on July 11 authorized the issuance of $9,000
20-year (optional) lighting-plant bonds.
Date of sale has
not yet been fixed.
Redding, Cal. Bond Offering. The City Clerk is offering for sale the $60,000 sewer and the $70,000 street-imgold bonds voted at the election held
provement
May 22 1905.
Richfield Springs, N. Y.
Bond Sale. On July 18 the
10-19-year (serial) refunding water bonds de$20,000
scribed in V. 81, p. 227, were awarded to the First National
Bank of Richfield Springs at par.
Richmond School District No. 13, Mich. Bonds Not to be
We are advised that the district will not again
Re-offered.
place on the market the $6,000 5% bonds offered on June 1
but not sold owing to a technicality in the organization of
See V. 81. p. 48.
the district.
Roslyn School District No. 24, Kittitas County, Wash.
Bids Rejected. All bids received July 10 for the $20,000
school bonds described in V. 81, p. 173, were rejected because it was discovered that the amount of bonds to be offered exceeded the Constitutional limit of indebtedness of
the district.
Proposals
will
—
—
—
—
4%
—
4%
—
3M%
—
Oneida, N. Y. Bonds Voted. By a vote of 188 to 180 this
city on July 14 authorized the issuance of $45,000 reservoir
bonds. Date of sale will be determined later.
Orange County (P. O. Goshen), N. Y. Bond Offering.
Proposals will be received until 12 m., July 24, by J. E.
Sanford, County Treasurer, for $30,000 3}4% registered jail
bonds. Denomination $5,000. Date Aug. 1 1905. InterBond Sale.
Salt Lake County (Utah) School Districts.
Maturity $5,000 yearly on Feb. 1 from
est semi-annual.
The
following bonds put out by various school districts in
1907 to 1912 inclusive.
Orange Township School District (P. O. Leesville), Ohio. Salt Lake County were recently awarded to E. H. Rollins &
Bond Offering. Proposals will be received until 2 p. m., Sons, Denver:
$20,000 5% bonds of School District No. 24.
July 22, by F. B. Shissler, Clerk, for $3,500 4% coupon
22,000 5% bonds of School District No. 29.
7,500 5% bonds of School District No. 38.
school-building bonds.
Denominations, three for $1,000
3,000 5% bonds of School District No. 42.
each and one for $500. Date July 22 1905. Interest semi10,000 5% bonds of School District No. 47.
annually in Leesville. Maturity one bond yearly on July 22
All the above bonds are dated June 15 1905 and will mafrom 1907 to 1910 inclusive. Bonded debt, this issue; float- ture June 15 1925, subject to call after June 15 1910.
ing debt. $1,400.
Assessed valuation 1905, $500,000.
San Augustine (Texas) School District. Bond Offering.
Outside School District, Tulare County, Cal. Bond Sale.
E. F. Harrison, Secretary School Board, is offering for
On July 5 $3,000 8% 10-year building bonds were awarded sale $13,000 4% 15-40-year (optional) brick-school-house
to C. S. Page of Visalia at 108" 33.
and $2,000 5% 5-20-year (optional) frame-school-house
Owatonna (Minn.) School District No. 1. Bonds Author- bonds. Denomination"$500. Date May 1 1905. District
ized.
The Board of Education has authorized the issuance has no bonded debt at present. Assessed valuation, $500,of $8,000 bond<.
000.
Pensacola, Fla. Bonds Xot Issued.
We are advised that
San Bruno School District, San Mateo County, Cal.
the $750,000 4% improvement bonds, which this city offered Bond Sale.— On July 11 $20,000 5% bonds of this district were
without success over a year ago, have never been placed. awarded to the Oakland Bank of Savings at 106" 30. FolThe law under which the proposed issue was to have been lowing are the bids:
made has been supplanted by a new one, under which, our Oakland Bank of Savings
W. R. Staats Co.. Pasadena... $20,927
$21,260
21.0G0
N. W. Harris & Co., Chicago.. 20.906
informant adds, the city is now contemplating the issuance first National Bank
II. Rollins & Sons, Denver.. 21.050
20.850
Los Angeles Trust Co
of bonds aggregating about the same amount with the inter- Adams-Phillips Co.. Los Ang... 21.047
rate probably increased to 43^% or 5%.
San Diego High School District, San Diego County, Cal.
Phillipsburg, N. J.
Bond Sale. On July 1 this town sold
Bond Election. An election will be held July 27 to vote
in small lots at 102 to eight parties an issue of $4,700 4% re- on the
question of issuing $135,000 5% 6-20-year (serial)
newal bonds. Denominations from $100 to $1,000. Date bonds. Denominations, 340 bonds of $100 each, 68 bonds
July 1 1905.
Interest semi-annual.
Maturity 1925.
of $500 each and 67 bonds of $1,000 each.
Pima County, Ariz. Bonds Refused. We are informed
Sandusky, Ohio. Bond Sale. The following bids were
that C. H. Coffin of Chicago has refused the $25,000 5% 50- received on July 17 for the $9,000
4% engine-house and the
year refunding bonds which were awarded to him on June 21
$5,500 4% street-improvement bonds described in V. 80,
claiming that the original issue was in excess of the debt
p. 2638:
limit; also that there is no authority to issue 50-year bonds,
$5,500
$9,000
fionds.
honds.
the'law permitting only 10-20s.
Citizens' Banking Co.. Sandusky
$5,505 00
$9,010 00
5.525 00
9.010 00
Polk County (P. O. Des Moines,, Iowa. Bond Election Seasongood & Mayer, Cincinnati
F. L. Fuller
5.500 00
9.000 00
Co.. Cleveland
Postponed.
The election to vote on the question of issuing American Banking Co., Sandusky
5.514 50
$80,000 jail, $25,000 jail-site and $35,000 court-house heatSan Luis Obispo County, Cal. Bond Election. The Board
ing and lighting-plant bonds has been postponed from of Supervisors have called an election for Oct. 14 to vote on
Aug. 1 to Aug. 22
the question of issuing $90,000 wharf bonds.
Pontiac, 111.—Bond Sale.—On July 15 the $34,000 5% 20Saranac Lake, N. Y. Bonds Defeated. The various bond
year street-improvement bonds described in V. 81, p. 227, propositions submitted to the people on July 11 were dewere awarded to N. W. Halsey & Co., Chicago, for $38,080 feated by the following votes:
and interest. Following are the bids:
$15,000 sewer bonds — Vote 80 for, 106 against.
$32,1,00 water bonds— Vote 72 for, 109 against.
N. W. Tlalsey A Co.. Chicago.. $38,080
?
tte Sav. Bk.. Pontiac
$15,000 tire department bonds— \ote 88 for, 93 against.
Src Sav. Bk A Tr. Co.. Toledo. 37.455
:
Cheny.
Jacksonville
John
$40,000 street bonds -Vote 47 for. 128 ualnal
B. E. Sims. Pontiac
35,500
John Nuveen A Co.. (for J^b).. 34.000
$10,000 sidewalk bonds— Vote 51 for, lis against.
Port Clinton, Ohio.—Bond Sale.— On July 10 the $8,400
Sauk Centre, Minn. Bida. Following are the bids re5%, the $6,000 5% and the $5,200 5% street-improvement ceived July 15 for the $10,000 4% 10-year refunding bonds
bonds described in V. 80, p. 2179 and V. 81, p. 48, were
described in V. 81, p. 173, The award was postponed.
awarded to the Toledo Savings Bank & Trust Co. for $621
State or Minnesota (for 4a)
par
N. W. Harris .t Co. (for -M',*).. JJJJj'M
.aim -t>
premium.
m Btoddard
K. W. iiaiscy * Co.,
Co. (for 4Hrt 100'80
Prairie City, Ore.— Bond Sale.— '['his place ha? sold an
ultecelvi
too late to be considered
issue of $10,000 6% water bonds to M. A. Butler, Agent, at
Bond offering.—-ProSchaller (Iowa) School District.
95.
Denomination $500. Date Aug. 1 1905. Interest posals will be received until 12 in., July 31, by Dr. E. H.
—
—
—
—
—
—
—
—
—
I
|
I-;.
I
—
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—
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—
—
<fc
—
—
.
—
I
i
<fc
(1
I
.
THE CHRONICLE.
282
A%
— Proposals
—
|
Mo. — Bond
—
I
An issue of $5,000
Sale.
Scotland County,
bonds has been sold to W. A. Compton Bond &
i ail
Mortgage Co. at 101' 52. Denomination $500.
water
Sedan, Kan.— Bond Sale.— On July 6 $32,500
bonds were awarded to Spitzer & Co. 6f Toledo. Denomination $1,000.
Date July 1 1905. Interest Feb. 1 and
Aug. 1. .Maturity July 1 1925, subject to call after 10 years.
Shamokin, Pa. Bond Offering. Proposals will be received until 7 p.m., Aug. 1, by D. E. Shuster, Chief Burgess,
Denomination forty bonds
for $45,000 4% coupon bonds.
Maturity Sept.
of $500 each and twenty-five of $1,000 each.
1 1935, subject to call $20,000 after five years and $25,000
\y2 %
'
4^%
—
—
Bonds are
after ten years.
free of State tax.
—
Sni-a-Bar Township, Lafayette County, Mo. Bond Sale.
On July 17 $24,000 4% 5-15-year (optional) coupon
bonds described in V. 80, p. 2638, were awarded to Chas,
—
Wonderly at par.
Snohomish County, Wash. Bond Sale.
$53,000 3%% refunding bonds has been sold
Washington at par. Denomination $1,000.
—
—An
of
to the State of
issue
Date Aug.
1
Maturity twenty years, subject to
Interest annual.
call after ten years.
Somerset (Pa.) School District. Bond Offering. Proposals will be received until 7 p. m., July 30, by L. C. Col1905.
—
—
born, Secretary School Board, for $18,000 4% 30-year bonds.
Denominations six bonds $1,000 each and twenty-four bonds
$500 each. Date July 20 1905. Interest semi-annual.
Bond Sale. We are advised that the
Sterling, Kan.
$5,000 water-works-improvement bonds mentioned in V. 80,
p. 2420, have been sold.
—
Sudbury, Ont.— Debenture Offering.
ceived until July 31 by S. Fournier,
$20,000 debentures.
—
—
—
—
—
-
—
—
—
—
—
semi-annually at the office of the County Treasurer. Matuone year and $13,000 in two years.
Utica, N. Y.—Bond Sale.— On July 17 the $41,843 73
paving bonds described in V. 81, p. 229, were awarded to
rity $12,000 in
4%
LOANS.
NJEWJLOANS.
#300,000
SOUTH NORWALK, CONN.,
Aon Arbor, Mich.,
SCHOOL BONDS.
City of
4% COUPON BONDS.
Sealed proposals will be received by the undersigned until one o'clock P. M., JULY 26, 1905, at the
office of Water Commissioners, for the purchase of all or any part of t28O.C00 00 coupon bonds of $1,000 00,
at 1% per annum, interest payanle semi annually at the City National Bank and the South Norwalk Trust
Company. Prlncioal payable at the offices of the Water Commissioners and the City Treasurer.
Purchasers will be required to pay accrued interest.
$40,000 00 Water Bonds, due July 1, 1025 ) $20J00 00 to fund floating debt.
$40.('0' 00 Water Ronds, due July 1, 1930 > $i0 000 00 to refund matured bonds.
$10 000 00 Water Bonds, due July 1, W.o) $60,000 00 to refund option bonds.
$<!5.0<0<0 City Bonds, due Julyl,lfl»5)
$<!ft,0'0'0 Citv Bonds, due July 1, 1930 > $70,000 00 to refund floating debt of oity.
$20.000 0(1 City Bonds, due July 1, 1985)
t30,000'0 City Bonds, due Sept. 1,1925)
1*0,000 00 City Bonds, due Sept, 1, 1930 \ $9d ,000 CO to refund option bonds.
$30,000 00 City Bonds, due Bept. 1,1935)
The legality and genuineness of these bonds will be certified to by the South Norwalk Trust Company.
Each bid must be accompanied by a certified check of 1% of the amount bid, payable to order of City
Treasurer, or Wat*r Commissioners. The coeck of the successful bidder to be he'd to secure the payment
of the bonds. The right is reserved to reject any or all bids Intending purchasers can obtain copy of
year book 1904 by application to the Water Commissioners.
TOTAL CITY AND WATER DEPARTMENT RESOURCES AND LIABILITIES JAN. 1, 1905.
Total City resources, not including
City liabilities
$184,80104
and Sewers
Total Water Department resources. .. 421,986 13
Water Department
Net surplus
Streets
will be reTreasurer, for
Taunton, Mass. Bond Sale. On July 14 the $30,000
10-year street-improvement bonds described in V. 81,
p. 229, were awarded to Estabrook & Co. of Boston at
100*025 and interest. This was the only bid received.
Tropico School District, Los Angeles County, Cal. Bond
Sale.— On July 10 the $12,000 5% 1-24-year (serial) school
bonds described in V. 81, p. 49, were awarded to the Riverside Savings Bank & Trust Co. for $13,200.
Denomination
$500.
Date July 10 1905. Interest annual.
Troy, N. Y. Revenue Bond Sale. On July 19 the $100,000 4% 3-months' revenue bonds described in V. 81, p. 229,
were awarded to Harriman & Co., of New York City, at
100" 061 and interest.
A bid of 100 03 was also received
from Frank E. Jennison of New York City.
Troy, Ohio. Bonds Authorized. The City Council on
July 3 authorized the issuance of $2,000 5% coupon sidewalkimprovement bonds.
Trumbull County Road District No. 2, Ohio. Bond Sale.
On July 12 $100,000 5% road-improvement bonds were
awarded to Denison, Prior & Co. of Cleveland and Seasongood & Mayer of Cincinnati at 102*256 and accrued interest.
Denomination $500. Date July 1 1905. Interest March
and September.
Tuscarawas County (P. O. New Philadelphia), Ohio.
Bond Sale.—On July 14 $25,000 6% bridge bonds were
awarded to Bates & Hance of New Philadelphia at 102" 347.
Denomination $1,000. Date about July 15 1905. Interest
s^asOjOoo oo
CITY OF
Town
3J^%
—
NEW
—
Stratford School District, Iowa.
Bond Offering. Proposals will be received until 6 p.m., July 28, by L. M. Peterson, Secretary School Board, for the $6,000 4J^% schoolhouse bonds voted at the election held May 22 1905. Securities are dated Sept. 1 1905.
Certified check for 2%, payable to the above-named Secretary, required.
—
—
Vol. lxxj i
—
5%
5-10-year (optional) gold
Reedy, Secretary, for $14,000
building bonds.
Certified check for 10% required.
Bond Sale. On
Schuylkill Haven (Pa.) School District.
5-30-year (optional) bonds were awardJuly 15 $10,000 3 l
ed to the Reber Estate at 10T50. Denominations $100 and
$500.
Date Aug. 1 1905. Bonds are not-.subject to tax.
Following are the bids received
Scotia, N. Y.
Bids.
July 11 for the $90,000 water and sewer bonds awarded, as
stated last week, to Isaac W. Sherrill of Poughkeepsie:
100041
par
K. Seymour & Co. (tor 5s)
Isaac W. Sherrill (for 4Hs)
Bid rejected
10317
S. A. Kean. Chicago
Geo. M. Halm (tor 5s)
[
$209,450 00
288,597 £0
10\739 67
Sealed proposals will be received by the BoaTd of
Education of the Public Schools of the CITY OF
ANN ARBOR, MICH., till 7"30 P. M. on the 8th
DAY OP AUGUST, A. D. 1905, for the purchase of
$200,C00 coupon bonds of the said district.
The boDds shall be dated September 1st, 1905,
shall bear interest at the rate of 4% per annum, payable semi annually on the first day of feptember
and March of each year, shall be delivered to the
purchaeer at Ann Arbor, shall be of $1,000 denomination and shall be payable, both principal and
interest, at the State Savings Bank, Ann Arbor,
Mich.
The successful bidder shall furnish the necessarv
blank bonds.
A certified check rayable to John R. Miner, Treasurer, for 1% of the proposition must accompany
each bid.
Said bonds ihall mature as follows
$556,787
Grand List of
$556,787 17
1'
1904, $5,134,793 00.
City and Library tax,
GEO.
K.
6% mills.
SARTMN,
MATTHEW
Finance Com. of Council.
ORBKTT,
CHRISTIAN SWAHTZ,
FRANKLIN A. SMITH,
I
STEPHEN
<
S.
HATCH,
City Treasurer.
L.S"
)
)
va»K> r
„ ro
Commissioners.
$5,000 in each year as follows, 1914, 1915, 1916;
e.OCO in each year as follows, 1917, 1918, 1919;
7,000 in each year as follows, 1920, 1921, 1P22;
8,000 in each year as fo lows, 1923. 1^4, 1P2F;
10,000 in each year as follows, 1&26, 1927, 1928;
12,000 in each year as follows. 1929, 1980, 11-31, 1932;
14,000 in each year as follows, 193?;
35,000 in each year as follows, 1934, 1935.
Rudolph Kleybolte&Co,
right is reserved to reject any or all bids.
Ali bids must be sealed and marked "Proposals fcr
Bonds" and should be addressed to
The
Perry, Coffin
BANKERS,
&
Burr,
G. J.
DBAI ERR IN
MUNICIPAL, RAILROAD ano
INVESTMENT BONDS.
Blodget, Merritt
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
Interest Paid on Daily and
RAY,
60 State
Street,
Secretary.
& Co
,
BANKERS,
BOSTON.
16
YORK.
Congress Street, Boston.
36 NASSAU STREET,
NEW
YORK..
Time Deposits
STATE, CXTf & RAILROAD BONDS.
T
B.
MUNICIPAL
POTTER,
OAMriC
BUNU;)l
and
CORPORATION
172 Washington Street,
CHICAGO,
King, Hodenpyl
-
•
Co.,
F. R.
BANKERS,
7
Wall Street,
New York.
21 7 La Salle Street
Chicago.
Members
New York Stock Exchange.
ILLS. RAILROAD AND
LIST ON APPLICATION.
STREET RAILWAY
-
&
BONDS.
FULTON & CO
Municipal Bonds,
171
LA SALLE STREET,
CHICAGO.
,
W.
Poughkoopsio
Sherrill of
par and accrued inter-
at
est.
(P. O. Danville\ 111.
Bond Election.
to hold an election Aug. 15
bonds to pay
of i.-suing §100,000
County
Vermilion
has decided
—The County Board
question
to vote on the
4%
outstanding claims.
Vicksburg, Mich. Bond Sale. We arc informed that the
refunding bonds voted at the election held
$7,000
?
June 17 1905 were sold on July 3 at 102 50. Interest semiannual.
Vicksburg, Miss. -Bonds Proposed. The issuance of
$115,000 5% 20-year local-debt bonds is being considered.
Bond Election. An election, it is stated,
Victoria, Tex.
will be held July 26 to vote on the question of issuing $ 12 ,000
water bonds.
Bond OfferVisalia School District, Tulare County, Cal.
Proposals will be received until 12 m., Aug. 1, by H.
ing.
B. McClure, Clerk Board of Education, at the office of the
County Treasurer, for the $24,000 5% gold bonds voted at
Denomination $800. Maturity
the election held June 17.
$2,400 yearly on July S from 1906 to 1915 inclusive. Interest semi-annual.
Ward County (P. O. Minot), N. Dak. Bond Sale. On
July 5 the $150,000 20-year funding bonds described in V.
SO. p. 2639, were awarded to Arthur B. Wright of Chicago
at 104-20 for 4^; per cents.
Proposals will be reWaterville, Me. Bond Offering.
ceived until 12 m., July 25, by F. A. Knauff, City TreasDenominaurer, for $35,000 33^>% coupon funding bonds.
tion S1,000.
Date Sept. 1 1905. Interest semi-annually in
Boston. Maturity Sept. 1, 1935.
Webster County (P. O. Fort Dodge), Iowa. Bond OfferProposals wili be received until 9 a. m., Aug. 3, by H.
ing.
S. Holm, County Auditor, for the following drainage district bonds:
—
1
1
-I
The amount of bonds to be
issued may be reduced provided any assessments are paid in
cash prior to the sale of the same.
any time on 30 days' notice.
Westfield,.N. Y.—Bond Sale.
On July II $15,000 4%
refunding water bonds were awarded to W. J Haves £ Sons,
Cleveland, at 101 (Kid— a basis of about 3-820%.
DenomDate Aug. 1 1905. Interest semi-annual.
ination $1,000.
Maturity $1,000 yearly on Aug. 1 from 1910 to 1921 inclu-
-
sive.
—
Offering.
—
—
—
•
—
Denomination $500. Interest April 1 and Oct. 1 at Fort
Dodge or Chicago. Maturity 12 years, subject to call at
NOBLE & COMPANY,
MUNICIPAL
„
AND
PUBLIC SERVICE CORPORATION
BONDS.
(New York
.
}
clusive.
—
Williamsport, Pa. Bonds Not Yet Authorized.
No ordinance has yet been presented providing for the issuance of
the $60,000 street-improvement bonds voted at the election
&
La
9 1905.
Woodbury, N. J.— Bond
CORPORATION
— We
4%
The American Mfg. Co.
Drexel Building,
Philadelphia.
65 Wall Street,
New
York.
MUNICIPAL AND RAILROAD
BONDS.
BONDS
st^Bk CERTIFICATES
Handsomely engraved;
steel plate etleot.
Also,
the cheaper kind, partly lithographed and partly
SEAS0NG00D & MAYER,
CINCINNATI.
SEND FOR
BONDS.
100 Certificates. $3.00 to
printed from type.
$85; the latter engraved, with steel-pla'e borders
—elegant. Seal Press, tl 50; better finished, $i
ALBERT
B. KING & CO., 206 Broadway, N.Y.
(Telephone.)
Bn&ravers and Lithographers.
WHITING'S PAPERS.
BONDS.
LIST.
DENISON, PRIOR&CO,
Trowbridgefc Niver Co.
BOSTON.
CLEVELAND.
For Business Correspondence
MUNICIPAL AND PUBLIC SERVICE
The Audit Company
BONDS.
CHICAGO,
Nat. Bank Bldg.
New
of
BOSTON,
60 State Street.
York,
OHUANl/.KO
1897.
INVESTMENT BONDS
U
Paid up Capital $200,000.00
CHICAGO. New
PHILADELPHIA.
ADGC8T BELMONT,
A.
EDWARD
K. c.
NASH,
JOHN
J.
OKOKOK W. YOUNG.
T
Philadelphia.
Chicago.
OK
MITCHELL
Vice President*.
1'KIUNK. <;cn Mur. and Treas.
-
:
Railroad
Securities,
B1CHABD80N, AsiurUot Treasurer.
Company Audit- awl Investigates Accounts
1'bynlcul KxhiiiIiihU' iih or Properties
cnitlistes and Keporis arc l'repared In behalf
of Merchants, Bankers. Corporations. Committees
and others. In strict Oil. tl'!"-ii' i-. 1 he Company also
Installs Money-Baring Systems of
Devises an
This
and makes
It-
York.
Ii.AJNJL>-±300I£
Acting President.
WILLIAM
Q ecurities
Corporation
Company
OF PITTSBURGH, PA.
HOLYOKK. MAHH,
43 Cedar Street
NO STOCKS
CORRESPONDENCE SOLICITED
for letter written with your own hand, or
•Tithe typewriter, are CNKQUALKD. Their quality
Is assured and they have won highest honors at all
the great World's Fairs. For high grade writing
papers of all kinds, for bond papers, and for ledger
papers, Insist on having them made by the
Whether
WHITING PAPER COMPANY,
NEW YORK:
HIGH GRADE
&
CORDAGE.
Building, Chicago.
COUNTY
AND TOWNSHIP
Municipal
MANILA SISAL AND JUTE
INVESTMENT.
& Company INVESTMENT
CITY
lit
MISCELLANEOUS.
Stock Exchange,
York.
Established 1885.
Nat Bank
be re-
will
Young County, Tex. Bond Issue Not Yet Ordered.
are advised that the County Court has not as yet ordered
the issuance of the $40,000
nt 10-20-year (optional;
bridge bonds voted at the election held June 18 1905.
mercantile Library Building,
First
— Proposals
4%
LIST ON APPLICATION.
Salle Street, Chicago.
H. C. Speer
Offering.
ceived until 3 p. m., July 25, by Ernest Redfield, City Collector and Treasurer, for $20,500
20-year registered
street-improvement
bonds.
Denomination $500. Date
July 1 1905. Interest semi-annual.
Successful bidder furnishes blank bonds.
Accrued interest to be paid by pur-
Co.,
BONDS.
171
May
held
Philadelphia Stock Exchange.
BONDS FOR
New
AND
—
(N. J.) School District.
Bond Offering. Proposals will be received until 8 p. m., Aug. 7, by C. G. 101dredge, District Clerk, for $5 ,500 school bonds. Denomination
Date Aug. 1 1905. Rate of interest to be named in
$500.
Maturity $500 yearly on Aug. 1 from 1910 to 1920 inbid.
43 Exchange Place,
MUNICIPAL
City.
Wildwood
BANKERS,
Philadelphia.
MacDonald, McCoy
New York
Co. of
ERVIN & COMPANY,
Land-Title Bldq.
Detroit.
—
INVESTMENTS.
INVESTMENTS.
Penobscot Bldq.,
Westchester County (P. O. White Plains), N. Y.—Bond
Proposals will be received until 2 p. m., Aug. 1,
by Joseph B. Sec, County Treasurer, for $150,000 4% registered court-house bonds.
Denomination $5,000. Date
Aug. 1 1905. Interest semi-annually at the office of tinCounty Treasurer. Maturity $25,000 yearly on Aug. 1 from
1930 to 1935 inclusive. Certified check for 5% of the par
value of the bonds bid for required.
Bonds will be certified
to as to genuineness by the United States Mortgage & Trust
chaser.
$13,000 C<~ bonds of District Xo. 3.
$7-4.000 6% bonds ol District No. 4.
$8,500 6' bonds of District No. 10.
$11,000 6% bonds of District No. 11.
W.
•283
,
—
H.
—
THE CHRONICLE.
,1uia 22 1905.
Isaac
——
—— —
— ———
1
I
Keeping Accou>
JULY EDITION.
WILLIAM B.DANA COMPANY
Pine Street, coi. Pearl Street
New
York.
THE CHRONICLE.
284
Companies.
%xvlsX
^
M
guarantee
Title
Companies.
gritst
Ca al a nd
$9 500 000
8 plu 8
jz?#«r $f 2.000,000 oo.
andTRUST COMPANY
146 Eroadway, New York.
175 Remsen Street, Brooklyn.
M'f'rs Branch, 198 Montague St., Er'kiyn.
INEQUITABLE
Examines & guarantees "Real "Estate 'lilies.
Xioana Monet/ on Bond and Mortgage.
TRUST COMPANY
OF NEW YORK
Furnishes Mortgages
to Investors.
'.o check, alloieing
Interest.
all Trust Corn pang business.
Receives Deposits subject
Does
TRUSTEES:
William
.1.
The modern
Edsrar L. Marston,
John Jacob Astor,
Edward T. Bedford,
Charles 8. Brown,
Juhen T. Davies,
William .1. Matheson,
Charles Matlaok,
William H. .Nichols,
James H. 01n>iiant,
Robert Olyphant,
Kaston,
Charles K. Henderson,
Benjamin D. Hicks,
John D. Micks,
lijil
[Vol.
company embraces every function
trust
your deposit account, subject
It will accept
business.
allow you a fair rate of interest;
Alexander E, Orr,
will collect bonds, rents,
(Jliarle.s A. 1'caljody,
Frederick Potter,
(;harles Richardson,
Augustus D. Juilliard,
Elihu Root,
Martin Joost,
Sanford M. Steele,
John S. Kennedy,
Ellis 1). Williams,
Woodbury Lanudon,
Louis Windinuiler.
James D. Xjynch,
CLARENCE IJ.KELSEY, President.
BAILEY, Vice-President.
William M. Iiijrraham,
every class
income;
of
it
it
mortgages,
will
and
at
It
is
sell
property and
authorized by law
executor, administrator, guardian, or trustee under will or
appointment
FRANK
2d Vice-President.
EDWARD O. STANLEY,
ilankln*? Department.
it
dividends, coupons and
undertake the care and management of estates.
to act as
cheque, and
to
safeguard your securities;
interest,
pay taxes and insurance,
will
of financial
of court.
your death
it
During your
will administer
lifetime
your
it
will act as
your agent,
estate.
Manager
CLINTON
J.
D.
WKAY
BURDICK, 3d Vice-Pres.
CLEVELAND, Secretary.
15 Nassau Street, Equitable Building.
FRANK L. SN1FFEN, Al«r. Mfgrs' Branch.
Qctonutants.
|p tmuciat.
OFFICE OF THE
LYBRAND,
ROSS BROS &
MONTGOMERY ATLANTIC MUTUAL INSURANCE COMPANY,
Certified
Public Accountants
(Pennsylvania)
Stephen GIrard Bnlldlnc,
FH1LAOKLPHIA.
Wall Street Kxchantre Building,
NEW YORK.
Accountant,
B0ST0N MAS&
<
Books audited. Examinations and investiga
tlons conducted with the utmost
oare and emclenoy.
K
E R R,
J. C.
CERTIFIED PUBLIC ACCOUNTANT
WASHINGTON LIFE BUILDING,
141 BROADWAY,
TELEPHONE 6042 COUTLANDT.
NEW YORK.
Wilkinson, Reckitt,
Williams
Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
5ti Broad win y. New York.
&
PHILADELPHIA.
Firm
or
$3,633.45(4 92;
Premiums marked
from 1st January, 1904, to 31st Deoember, 1904
Interest received during the year
$275,926 58
"
"
"
$333074 72
lessTaxes
107,148 14
Rent
Losses paid during the year which were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904
Tforfe.
TELEPHONE—8758-8769 CORTLANDT.
LOOMIS, CON ANT & CO~
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street, New York.
$1,0S0,082 27
New
St.,
York.
Also at Calvert Butldlne, Baltimore.
JAMES PARK &
5'i
Broadway,
334 LaSalle
00.,
ACCOUNTANTS
New
Returns of Premiums and Expenses, $405,721 91
The Company has the foUowing Assets, viz.:
United States and State of New York Stook; City, Bank and other Securities
$5,243,600 52
Special deposits in Banks and Trust Companies
1,417,543 97!
Real Estate corner WaU and William Streets and Exchange Place... $4,289,000
75,000 4,364,000 00
Other Real Estate and Claims due the Company
Premium Notes and
1,020,087 28
Bills Receivable
Cash in the hands of European Bankers
to
pay losses under poUcies payable in
241,710 47
351,301 69
foreign countries
Cash
in
Bank
$12,63^,243 93
Aggregating
of
February
next.
The outstanding certificates of the Issue of 1 899 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the seventh of February
next, from which date aU interest thereon wUl cease.
The certificates to be produced at
the time of payment, and canceled.
dividend of Forty per cent is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, certificates wiH be issued
By order of the Board,
on and alter Tuesday, the second of i'lay, next.
A
G.
STANTON FLOYD-JONES,
GUSTAV AMSTNCK.
FRANCIS M. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON
VERNON II. BROWN,
WALORON P. BROWN,
JOSEPH 11. CHAPMAN,
GEO HOE C, CLARK,
CORNELIUS ELDERT,
KWALD KLK1TMANN,
HERBERT
L.
GRIGGS.
CLEMENT A. GRI3COM,
ANSON W. HAKU,
MORRIS K. JESUP.
THEODORE P. JOHNSON,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LKVER1CH,
LEANDER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL,
W. H. H. MOORE,
EWEN,
SPECIALIST.
ODD LOTS
CURRENT AND INACTIVE
RAILROAD BONDS.
S Wall Street,
-
-
NEW YORK.
Telepnone, 818 Cortlandt.
NICHOLAS F. PALMER,
HENRY PARISH,
FREDEK1C A. PARSONS,
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM C. STURGES
;
RAVEN, President.
CORNELIUS ELDERT, Viee-Pres't.
THEO. P. JOHNSON, 2d Vice-Pres't.
Street, Chicago.
A. C.
Secretary.
A. A.
York.
JAS. L.
WM,
226,513 19
H63.569 08
TRUSTEES.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
PUBLIC
$318,124 29
771,957 98
$142,418 20
84,094 99
Less Salvages
Re-lnsuranoes
Tel. 4«58 Broad.
CERTIFIED
<
,
CERTIFIED PUBLIC ACCOUNTANT*
56 Pine
$3,016,978 35:
off
A dividend of Six per cent interest on the outstanding certificates of profits wiU be paid
to the holders thereof or their legal representatives, on and after Tuesday, the seventh
W. F.WEISS,
New
724,15184'
Premiums
CHICAGO
128 Broadway,
$2,909,343 08
Premiums on Marine Rises from let January, 1904, to 31et December, 1904.
Premiums on PoUcies not marked ott 1st January, 1904
Total Marine
WM. FRANKLIN HALL
^laTate^reir
New York, January 20th, 1905.
The Trustees, in Conformity with the Charter of the Company, submit the following statement of
its affairs on the 31st of December, 1004;
Atlantic
Mutual Insurance Company Scrip
Years Bought and Sold,
of All
LIV1NU8XON, ?d
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
JOHN M, GILLESPIE.
Boom
No. 518 Atlantic Building,
4951 Wall
Street,
NEW
Vice-Fret?
Bonstat
W.
J.
and Sold.
HAYES &
YORK. HJLBVBLANB, OHIO.
SONS,!
BOSTON, MASS.
.
@FedFRASER