The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
GENERAL LIBRARY,
UIS1V. OF MJCtt.
Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Electric
Bankers’ Convention Section
State and
Copyrighted in 1810 by WILLIAM B. Dajta COMPANY, New York.
VOL. 91.
NEW YORK,
Entered at N. Y. Post Office
IPuancial.
THE FARMERS’ LOAN & TRUST
COMPANY
Harvey Fisk & Sons
NEW
The
Company Is
a
Government,
fPtuotcial.
YORK
Railroad
THE
and
Municipal Bonds
PHILADELPHIA,
LIBERTY
NATIONAL
INVESTMENT SECURITIES
legal depositary for
moneys paid Into Court, and Is author¬
ised to act as Executor, Administrator,
BANK
OF NEW YORK
by
represented
JAMES H. CHAPMAN, 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
Trustee, Guardian, Reoelver, and In all
other fiduciary capacities.
Acts as Trustee under Mortgages made
by Railroad and other Corporations, and
as Transfer Agent and Registrar of Stocks
218 La SaUe St.
BOSTON, MASS., represented by
JOHN B.
and Bonds.
Receives deposits upon Certificates of
Deposit, or subject to check, and allows
Interest on dally balances.
Manages Real Estate and lends money
on bond and mortgage.
Will act as Agent In the transaction of
any approved financial business.
Depositary for Legal Reserves of State
Banks and also for moneys of the City of
New York.
Fiscal Agent for States, Counties and
Cities.
MOULTON, 35 Congress St.
The National Park Bank
of New York
130 BROADWAY
N. W. HARRIS & CO
BANKERS
Organized 1856.
Capital
Surplus and Profits
Deposits June 30,1910
.
.
,
JOHN C. VAN CLEAF,
Vice-President.
MAURICE H. EWER,
Cashier.
NEW YORK
PARIS
Members of Richmond and Baltimore Stock
Pine Street, Corner WUliam
$5,000,000 00
12,800,000 00
117,757,107 36
RICHARD DELAFIELD,
President.
GILBERT G. THORNE,
JOHN C. MoKEON,
Vice-President.
Vice-President.
16-22 WILLIAM STREET
475 FI FTH AVENUE
LONDON
NO. 2352
BANKERS
out the world
second class mail matter.
as
JULY 23 1910.
Utaatucial.
Foreign Exchange, Cable Transfers,
Letters of Credit, Payable through¬
Railway Section
City Section
WILLIAM O. JONES.
WILLIAM A. MAIN.
Asst. Cashier.
Asst. Cashier.
FRED’K O. FOXCROFT, Asst. OasMer.
NEW YORK
35 Federal St.. Beaton
Reeeive
deposits subject te cheek
and
allow
Act
as
palities
letters
interest
fiscal
and
of
on
balances.
agents for munici¬
corporations. Issue
credit
amd
deal
In
BONDS FOR INVESTMENT
LIST ON APPLICATION
Exchanges.
John L. Williams & Sons
BANKERS
Corner 9th and Main Streets
RICHMOND, VA
althmore
Correspondents:
MIDDENDORF. WILLIAMS
&
THE
Edward B. Smith & Co.
MECHANICS AND METALS
BANKERS
NATIONAL BANK
INVESTMENT SECURITIES
CO.
Fifth Avenue Building
Corner 5th Ave. and*23rd St., New York.
Capital,$1,006,000
Members New York and Phlla. Stock Exchangee
33 Wall Street
GARFIELD NATIONAL BANK
N. E. Cor. Broad & Chestnut Sts.,
Capital,
Surplus,
---
$6,000,000
6,000.000
-
Surplus. $1,000,000
Philadelpfe
27 Pine Street, New York
RUEL W. POOR, President
JAMES McCUTCHEON, Vlce-Pres.
WILLIAM L. DOUGLASS, Cashier
ARTHUR W. SNOW. Asst. Cashier
ORIGINAL CHARTER 1829
THE
Chase National Bank
Clearing House Building
Cap. & Surp., S12.472.531
Dep., S92.787.537
A. B.
Francis Ralston
Welsh,
BONDS
HEPBURN. President
A. H. Wiggin, V.-Pres.
8. H. Miller. V.-Pres.
H. M. Conkey, Cashier
C. C. Slade. Asst. Cash.
E. A. Lee, Asst. Cashier.
W. E. Purdy. Asst. Cash.
A. C. Andrews. Asst. Cashier
OF RAILROAD, GAS AND ELECTRIC
LIGHT AND POWER COMPANIES
108-111 SOUTH FOURTH STREET
PHILADELPHIA
THE
NATIONAL
BANK
OF THE CITY OF NEW YORK
—CORNER NASSAU AND PINE
STREETS— IS
ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS
NATIONAL BANK
OF THE CITY OF NEW YORK
Capital
....
Surplus and Profits (earned)
-
$1,060,000
2,450,000
OFFICERS
EQUIPMENT OF THE
FOURTH
GALLATIN
First National Bank
of
SAMUEL WOOLVERTON, President
ADRIAN ISE-LIN JR.. Vloe-Prestdent
GEORGE E- LEWIS. Cashier
HOWELL T. MANSON. Assist. Cashier
Philadelphia
DIRECTORS
315
CHESTNUT
ACCOUNTS
STREET
INVITED
Adrian Iselln Jr.
Chas. A.
Frederic W. Stevens
Semuel
Alexander H. Stevens
W. Emlen Roosevelt
Peabody
WooJvertcn
Charles H. Tweed
Thomas
Denny
THE CHRONICLE
II
[VOL.
LXXXXI
$»«&*** awjft Evxwevs at MoKetgtt H*cliange.
Coppell & Co., Kidder, Peabody & Co.,
J. P. MORGAN & CO. Maitland,
DOMESTIC AND FOREIGN BANKERS
Wall Street, Corner of Broad
52 WILLIAM STREET
NEW YORK
NEW YORK
BREXEL & CO*
PHILADELPHIA
Corner of Sth and Chestnut Streets
'
HORGAN, GRENFELL & CO* LONDON
115 DEVONSHIRE
56 WALL
Letters
No. 22 Old Broad Street
HG*GAN^HARJES
& COn PARIS
Swoulevard Haussmann
Deposits received subject to Draft
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange, Commercial Credits
Gable Transfers
Ohxmlar Letters for Travelers available In all parts
of the world
of
BANKERS
FOREIGN EXCHANGE.
Bank,
Smiths
A
London
London.
Limited,
Messrs. Mallet Freres & Cie.. Paris,
Banco Nacional de Mexico
And its Branches.
LETTERS OF CREDIT
Correspondents of
BARING
BROTHERS
Agents for the Bank of Australasia, the British
Gh* ua Bank, Demerara, etc., etc.
TRAVELER S’ LETTERS OP CREDIT
Available throughout the United
PHILA.
NEW YORK.
BOSTON.
ALEX. BROWN & SONS, BALTIMORE.
Connected by Private Wire.
Mema. N. Y., Phlla., Boston & Balt. Stodk Exch’s.
No. 23 NASSAU STREET.
Members New York Stock Exchange.
tlons, Firms and Individuals
I n t/pctrn pnf
*11V
*
o
*
letters
m
rtf
points.
. •
—^
I
and make cable transfers on all
.rpn
BROWN, SHIPLEY & CO., LONDON
Buy and Sell Investment Securities
Issue Letters of Credit for Travelers,
Available in all parts of the world.
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE. Cuba, and the
other West Indies, Mexico and California.
Execute
Seligman Brothers, London
Seligman
Freres & Cie,, Pari*
the purchase and sale of
and Stocks.
Alsberg, Goldberg & Co., Amsterdam
The Anglo and London - Paris National
orders for
Bonds
Bank of San Francisco, Cal,
Graham, Vaughan & Co.,
44 Pine Street, New York.
IRedimmd&Co.
INVESTMENT SECURITIES
27 Pine Street, New York
MEMBERS NEW YORK STOCK
EXCHANGE
BANKERS
31-33 Pine Street, New York
024 Fifth Ave.. N. Y.
Lawrence Turnure & Co.
BANKERS
MAH^
TELEGRAPHIC TRANSFERS OF MONEY Tf
EUROPE AND CALIFORNIA
BANKERS
TAILER&CD
YORK
DRAW BILLS OF EXCHANGE AND
for Travelers
Issue Commercial and
if* Travelers’ Credits, available in
aii parts of the world.
NEW
Available in aii Parts of the World
ISSUE LETTERS OF CREDIT
OCCllITtlCS
and sell Bills of Exchange
T
Messrs. ROTHSCHILD.
London. Paris and Vienna.
_
favorable terms.
Collect
drafts drawn abroad on all points In the United
States and Canada: and drafts drawn In the United
States on foreign countries, Including South Africa.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT.
on
Agents and Correspondents of the
Seligman & Co.f
BANKERS
August Belmont & Co.,
BANKERS,
Buy and sell first-class In-
LTD.
States
59 Wall Street
vestment Securities on comReceive accounts
mission.
of Banks, Bankers. Corpora-
00.
&
LONDON
J. & W.
Brown Brothers & Co.,
TORE
Telegraphic Transfers, INVESTMENT SECURITIES.
of Credit
on
Union
NE#
STREET,
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
Issue Loans.
Bills of Exchange,
STREET, BOSTON
507 Chestnut Street. Philadelphia.
Cables “Mimosa."
Bankers
INVESTMENT
SECURITIES
Letters
Interest al¬
Deposits received subject to draft.
Members of the New York Stock Exchange
Winslow, Lanier & Co.,
lowed on deposits.
Securities bought and sold on
commission. Travelers’ credits, available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections in and
Issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank,
Limited.
Paris Bankers:—Heine & Co.
NEW YORK
Produce
BANKERS
Deposits
Exchange and Cable Transfers.
received
subject
Interest allowed
on
to eheque
deposits.
and
Members New York Stock Exchange.
Securities bought and sold on
Act as Fiscal
commission.
Agents.
Lists upon application.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Deposits Received
Subject to Draft.
Interest
Deposits. Securities
Bought and Sold on
Commission.
Allowed
Bills of
Dealers In High-Grade Investment Securities.
59 CEDAR STREET
NEW YORK
of Credit and Travelers’ Cheques,
available tbe world over.
64-66 Wall Street, New York
on
Foreign Exchange Letters of Credit
Kean, Taylor & Co.
Capital
Surplus earned
Foreign
Exchange
Transfers.
-
-
-
-
$1,000,000
500,000
sold. * Cable
and
bought
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
ACCOUNTS INVITED
BANKERS
435 Chestnut Street
PHILADELPHIA
HEIDELBACH, ICKELHEIMER & CO.
BANKERS.
37 William Street.
BANKERS
Graham & Co.
Government
Securities
and
of
Municipal Bonds,
Railroads, Street
Railways axd Gas companies
of established value.
MEMBERS N. Y. STOCK EXCHANGE.
30 PINE
Transact
a
STREET, NEW YORE
General Foreign and Domestic
Banking Business
Dealers in Investment Securities
John Munroe & Co.,
YORK
BOSTON
Letters of Credit for Travelers
Oommerotal Credits.
Foreign Exchange.
Gable Transfers.
MUNROE da GO., Paris
Execute orders for purchase and
Stocks and Bonds.
sale of
Foreign Exchange Bought and Sold.
Act
as
Financial Agents
Issue Foreign and Domestic Letters o<
Credit and Travelers’ Cheques
Issue Commercial and Travelers’ Credits
available in all parts of the world.
Schulz & Ruckgaber,
BANKERS.
15 William Street.
Members New
-
York
-
-
Stock
New York
Exchange.
Knauth, Nachod&Kiihne
BANKERS
-
Correspondents of Messrs.
Fruhling & Goschen, London.
John Berenberg-Gossler & Co., Hamburg.
Marcuard, Meyer-Borel & Gle., Paris.
Bremer Bank Filiale der Dresdner Bank,
Bremen.
I mac Commercial & Travelers’ Credits.
Buy and Sell Bills of Exchange.
Catde Transfers & investmeo* Securities
NEW YORK
LEIPS1G, GERMANY
Members New York Stock Exchange.
INVESTMENT
SECURITIES
July 23
1910.]
THE CHRONICLE
hi
BanKcrs.
Sattluvs.
Millett.Roe & Hagen
Lee, Higginson&Co.
Wm. A. Read & Co.
BOSTON
New York
A CO.
Buildings, Prince’s Street,
LONDON, E. C.
S3 Wall StrMt
Haw York
BANKERS.
Dealers in
Members New York, Chicago and Boston
Stock Exchanges.
HIGH-GRADE BONDS
Chicago
HIGGINSON
I Bank
BANKERS
Members New York Stock
Investment Securities
Exchange
Boston, 15 Congress Street
25 NASSAU STREET,
NEW YORK
Plympton, Gardiner & Co.
BOSTON
BALTIMORE
N. W. HALSEY & CO.,
CHICAGO
LONDON
Bankers
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed
Conservative Investments
Fiscal
on
Deposit Aooonnts
Agents for Cities and Corporations
LISTS ON REQUEST
27 William St., New York
2S2 La Sail* Street,
CHICAGO
54 Old Broad Street,
40
Rhoades&Company
Wall Street, NEW YORK
Philadelphia
Chicago
San Prancisce
BANKERS
LONDON, E. C.
George P. Butler & Bro
45 WALL STREET, NEW YORK
If Wall Street
Members N. Y. Stock Exchange
High-Grade Bonds
Trowbridge & Co.
NEW YORK
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
Members New York Stock Exchange; Execute
Commission Orders; Deposits received subject to
H. B. HOLLINS & CO.
State, Municipal
and
BANKERS
Members New York Stoek
Exchange
draft.
Cor. of Wall and Broad Sts.. New York.
Letters of Credit and
Travelers’ Checks
Bonds and Stocks
for Investment
Available
*
Draw Bills of
Exchange and make Cubit
to Europe, Asia, Australia, Ilia
West Indies, Central and South America and
^Transfers
Throughout the World
i
H ARTFOR D—86 Pearl Street
NEW YORK
111
NEW HAYEN
Broadway
134 Orange St.
Issue Letters of Credit for Travelers, avaiable in all parts of the world.
Goldman, Sachs & Co.
BANKERS
€0 WALL STREET,
NEW TORN
Members of New York Stock Exchange.
Exchange Place,
NEW YORK
Foreign
Exchange.
NEW YORK CITY
4
Commercial and Travelers9
Letters of Credit
DEALERS IN
Securities
and Commercial Paper
COMMERCIAL PAPER
INVESTMENT SECURITIES
IneeeCment
Members New York & Boston Stock
Exchanges
Zimmermann & Forshay
BOISSEVAIN & CO.
Members New York Stoek Exchange.
ment or on
Adolph Boissevain & Co..
Amsterdam. Holland.
TRANSACT
A GENERAL BANKING
STOCK EXCHANGE BUSINESS.
BANKERS
Corporation and Collateral
Commercial Paper
Loans
also
INVESTMENT SECURITIES
Members New York Stock
Exchange
and Boston Stoek
Exchange.
Ill
Broadway
NEW YORK
connecting all offices
Wollenberger & Co.
Specialists in
Foreign Government Bonds
206 La Salic Street
•
-
CHICAGO
34 LaSalle St.
CHICAGO
margin.
BIRD S. COLER
LEONARD H. HOLS
Forego Exchange Booght and Sold
W. N. COLER & CO.
Letters of Credit Issaed
BANKERS
AND
BOND & GOODWIN
Congress St.
BOSTON
Private wires
Orders executed for stocks and bonds for Invest¬
Members New York Stoek Exchange.
IS
10 Federal Life Bldg., Hamilton, Ont.
10S Banlgan Bldg., Providence, R. I.
Correspondence Invited.
• and 11 Wall Street. New York.
STREET.
NEW YORK.
King Street. West, Toronto. Ont.
Hospital Street, Montreal, Que.
BANKERS
BANKERS
24 BROAD
74 State Street
BOSTON
Available In all parts of the world.
and ether MUNICIPAL BONDS
1
Head & Co.
Members of
New York and Boston Stock Exchanges
20
CABLE ADDRESS “GOLDNESS.”
Issue
Dealers in
Sell
Buy and
14 State Street,
BOSTON
Charles
17 Broad Street
NEW YORK
Executes orders for purchase and
• aleof Stocksand Bonds.
Blake Brothers & Co.
§•
Mexico.
Cable
Transfers
to
all
Parts
of
the
World.
43 CEDAR ST., NEW YORK
INVESTMENTS
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St.
BANKERS
Philadelphia
Members New York and Phlia. Stock
Shoemaker, Bates & Co.
Exchanges
Investment Securities
fNew York Stock Exchange
Members! New York Cotton Exchange
lChicago Stock Exchange
INVESTMENT SECURITIES
37-43 Wall Street, New
York
Waldorf-Astoria and 500 NfthAvo., Now Vast
Raal Estate Tr. Bldg., Phlia.
IT
THE CHRONICLE
[Vojj.
gjCneeiSK.
LXXXXI
<&anailian.
MONTREAL
DEUTSCHE BANK The Union Discount Co. BANK OF
(Established 1817)
BERLIN. W.
of London, Limited
CAPITAL paid in
$14,400,000 00
-
Behrenstrasse 9 to 18.
89 CORNHILL.
Address, Udlsoo, London.
Telegraphlo
CAPITAL
>47.619.000
M. 200.000.000.
RESERVE
Capital Subscribed
Paid-Up
Reserve Fund
>89.172.899
M
M. 105.726.104.
>5=£1 STERLING.
NOTICE IS
UEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
Dividends paid during last ten years:
It: Hi 11. 11. 12. 12. 12. 12. 12. 12K per oent
At Call. IK Per Cent.
At 8 to 7 Days’ Notice, 1K Per Cent.
/
Branches:
BREMEN, DRESDEN, FRANKFORT-O-M..
HAMBURG,
LE1PSIC,
MUNICH.
NURBMBURO. AUGSBURG.
WIESBADEN.
BRU8SELS. CONSTANTINOPLE
>7.900.000
8.790.000
2,900,000
BANCO ALEMAN TRANSATLANTIC!)
With
R. Y. HEBDEN,
W. A. BOG,
J. T. MOLINEUX,
Agents.
and Cable Transfers; grant Commercial and Trav¬
elers’ Credits, available In any part of the world:
Issue drafts on and make collections In Chicago and
throughout the Dominion of Canada. 1
London Office, No. 46 & 47 ThreadneetBs St.
F. W. TAYLOR. Manager.
and«Wales.
ESTABLISHED 1886
09.897.000)
SUBSCRIBED CAPITAL, $96,741,700
PAID-UP CAPITAL, - - 19,946,187
RESERVE FUND,
-
-
17,951,668
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BERLIN
Eanonlerstrasse 29 to SO.
HEAD OFFICE MONTREAL
CAPITAL
Rest and Undivided Profits
>6.000.066
4.602.197
-
NEW
YORK OFFICE, 63 and 65 WaU St.
W. M. RAMSAY. lAgents.
c. j. crookalL./
147 branches In the Provinces of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British
Columbia. Good facilities for effecting
prompt setlections in Canada. Buy and sell Sterling Bxonange
and Cable Transfers. Issue Commercial and Trav¬
elers' Credits available In any part of the world.
London Agents—Royal Bank of Scotland.
Canadian Bonds
Branches:
ARGENTINA: Bahla-Blanea. Buenos Aires,
(Jordoba. Tucuman.
BOLIVIA: La Pas, Oruro.
GHILI: Antofagasta, Conoepclon, Iqulque.Osorno,
Santiago, Temuco, Valdivia, Valparaiso.
PBRU: Arequlpa, Callao, Lima, Trujillo.
URUGUAY: Montevideo.
■PAIN: Barcelona, Madrid.
BfU$ sent for collection, negotiateA or
advanced upon.
Merchants' Bank of Canada
Principal Cities and
07.ltt.000)
01.689.000)
6.827.000.
HEAD OFFICE
Branches In all the
Towns of England
Telegraphlo Address: Cinnabar, London.
(Deutsche Ueberseeische Bank.)
M.
YORK OFFICE,
No. 64 WALL STREET
HEAD OFFICE
• Threedneedie Street. London, England.
RESERVE FUND
Head Office—Montreal
NEW
The London City &
Midland Bank, Limited,
LONDON, E. 0.
M. 22,500.000.
12,000,000 00
681,661 44
Buy and sell Sterling and Continental Exehangn
4 George Yard, Lombard St.S
PAID-UP CAPITAL
PROFITS,
Rt. Hon. Lord Strathcona and Mount Royal,
G. C. M. Q.. G. C. V. O.—Honorary President.
Hon. Sir George Drummond,
Ik. C. M. Q.. C. V. O.—President
Sir Edw. Clouston, Bart.—V.-Pres. & Gen Mgr.
Company discounts approved bank and
mercantile acceptances, receives money on de¬
posit at rates advertised from time to Mme, and
grants loans on approved negotiable securities.
CHRISTOPHER R. NUGENT. Manager.
Deuteehe Bank (Berlin) London looney
M. 90.000.000.
UNDIVIDED
The
and the
BUBSCRIBED CAPITAL
-
REST
MUNICIPAL AND CORPORATION
Berliner
WOOD, GUNDY & CO.
Handels-Gesellschaft,
TORONTO
CANADA
BERLIN, W.f 64
Behrenstrasse 82-33 and Francoslsohe-Strasse 42
Drafts, cable-transfers'and letters
of credit issued.
London Agents
BSBTSCHE BANK (BERLIN) LONDON AG’Y
•BORGE Y«. LOMBARD ST., LONDON. E.O.
Telegraphic Address—Handelschaft, Berlin
W. GRAHAM BROWNE & CO.
MONTREAL
ESTABLISHED 1856
6ANADA
-
Canadian Bonds Bought, Sold and
Banking Transactions of Every Description
Direction der
Disconto-Gesellschaft,
Capital,
ESTABLISHED 1891
-
Reserve,
BERLIN W, 48-44 Behrenstrasse
BREMEN, FRANKFORT-o-M.. MAINZ,
HOCHST-n-M.. HOMBURG v. d. H..
POTSDAM. WIESBADEN.
-
-
-
-
-
-
-
Swiss Bankverein
Bankverein
M. 170.600.000.
f>M.
Agencies at Rorschach, Chlasso and Herlsau
$14,307,764
LONDON OFFICE, 43
60.092,611.
80HOELLER.
SOHINCKEL,
Of. A. SALOMONSOHN.
E. RUSSELL.
F. URBIG,
Capital paid
Surplus,
bank fur Chile und
Deutschland
HAMBURG,
M. 10.000.000 00
WITH
BRANCHES
IN
CHILE
83ANOO
DE CHILE Y ALEMANIA),
ANTOFAA3TA, CONCEPCION,
SANTIAGO, TEMUCO,
VALDIVIA, VALPARAISO, VICTORIA; AND
IN
BOLIVIA
(BANCO DE CHILE Y ALEBOLIVIAN A), LA PAZ
MANIA. SECCION
AND ORURO.
1
LONDON AGENTS:
DIRECTION DER DISCONTO-GBSELL*
SCHAFT, 58. CORNHILL, E. C
Frs.62,800,000
.
.
Lothbury, E C.
.
National
Frs. 16,330,000
Discount
Company, Limited
CAPITAL
M. 10.000.000 00
Head office: HAMBURG.
Bmnehes: RIO DE JANEIRO, SAO PAULO.
SANTOS, PORTO ALEGRE, BAHIA.
up,
...
Brasilianische bank The
fUr Deutschland
CAPITAL
HAGUE, HOLLAED
Tel. Address, Voco.
Codes: Hartfleld’s Wall St.. W. U. & Lleber.
Hong Kong & Shanghai
BANKING CORPORATION
Paid-up Capital (Hong Kong Currency)
With the unlimited personal liability
of the following partners:
A.
M.
VAN OSS &. CO.
Suisse
Basle, Zurich, St Gall, Genova
$40,476,200
-
t»oxel0i*.
Place American Investments in Europe
Schwelzerlscher Bankverein
93 CornhlH.
M.110,000,000
M. 34,600,000
THE
LONDON. E. C..
BAPITAL, fully paid,
Appraised
39
CORNHILL.
...
LONDON. E. C.
Cable Address—Natdls: London.
Subscribed Capital
Paid-up Capital
Reserve Fund
>21.166.625
4.233,325
2,200,000
(|5= £1 STERLING.)
IS HEREBY GIVEN
NOTICE
that the
RATES OF INTEREST allowed for
money on
_
deposit
are as
follows:
At Call, IK Per Cent Per Annum.
At 3 to 7 or 14 Days’ Notice, IK Per Cent.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised
time to time and for fixed periods
upon
specially agreed terms.
Loans granted on approved
negotiable securities.
PHILIP HAROLD WADE, Manager.
from
>15.000.009
Reserve FundJIn Gold...915.000,0001
30.600.000
lln Silver.. 15.500.000/
Reserve Liabilities of Proprietors.
15.000.009
GRANT DRAFTS, I8SUE LETTERS OF
CREDIT.
NEGOTIATE OR COLLECT BILLS PAYABLE IN
CHINA. JAPAN. PHILIPPINES. STRAITS'SETTLEMENTS. INDIA.
WADE
GARD NER.
Agent.
86
Wail
St.
Wiener Bank-Verein
ESTABLISHED 18S9
CAPITAL (fully paid)
-
{26,342,001
-
(139,000.000 crowns)
RESERVE FUNDS
-
-
-
(39,000.000 crowns)
HEAD OFFICE VIENNA
Branches in
$7,900,09$
(AUSTRIA
Austria-Hungary
Agram, Aussig a-E., Bielitz-Bieia,
Brunn, Budapest, Carlsbad, Czernowitz, Friedek-Mistek, Graz, Innsbruck,
Klagenfurt, Krakau, Lemberg, Marienbad, Meran, Pilsen, Prag, Przemysl,
Prossnitz, St. Poiten, Tarnow, Teplitz,
Teschen, Villach, Wr. Neustadt
Branch in Turkey
Constantinople
JULY 23
1910.]
THE CHRONICLE
wxAt&u.
THE CANADIAN BANK
OF COMMERGE
H1AD
OFFICE, TORONTO
PAID-UP CAPITAL
SURPLUS
510.000.000
6.000,000
NEW YORK OFFICE*
Nos.
AND 18 EXCHANGE PLACE
Wra. ©ray and G. D. Mackintosh, Agents
16
Mackay & Co.,
Edward Sweet & Co,
Members N. Y. Stock
Boy and Set! Sterling and Continental Ex
duuifo and Cable Transfers, Commercial and
Traveler's Credits. Collections made at all points.
Banking and Exchange business of every de¬
Exchange
Bankers & Brokers
scription transacted with Canada.
BANKERS IN GREAT BRITAIN.
The Bank of England.
The Bank of Scotland,
Lloyd’s Bank. Limited.
Union of London and Smith’s Bank. Limited.
j
Members of the New York
Stock Exchange. Dealers in
High-Grade Bonds and
other
Securities. In¬
terest allowed on deposits.
Investment
34 PINE STREET
LONDON OFFICE—2 Lombard Street, E.O.
BANKERS
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1864
NEW YORK
The Bank of
British North America
Established In 1826
Incorporated by Royal Charter In 1840
Paid-up Capital
£1,600,600 Sterling
500.000 Sterling
.
Reserve Fund
Head Office:
6 Graoechureh Street, London, E.G.
New York Office: 62 Wall Street.
H. M. J. McMICHABL.l Agents.
W. T. OLIVER.
J .
Cable
Transfers.
Grant
Commercial
BANKERS
and
Travelers* Credits, available in any part of the
World.
Issue Drafts on and make Collections
Mft all parts of the United States and Canada.
C. Meredith & Co., Limited
Railway Enterprises with records
established earnings
of
INVESTMENT SECURITIES
!5 State Street,
24 Broad Street,
HARTFORD
WE OFFER
BOSTON
HEW YORK
-
BALTIMORE
MEREDITH.
W. B. STAVERT.
President.
G. W.
Vice-President.
FARRELL, Secretary-Treasurer.
MACKENZIE, Manager.
A. H. B.
ALFRED BAUMGARTEV
C. R. HOSMBR
Oapt. D. C. NEWTON (Montreal)
H. ROBERTSON
C. B
R. L. DAY & CO.
37 WaH St
35
HIGH-GRADE INVESTMENT BONDS
Montreal
LIMITED
London, SSng.
Hew York
BERTRON, GRISCOM ft JENKS
S3 STATE ST.,
BOSTON
ML BBOAD SI¬
NEW TOEK
NEW BEDFORD
NORWICH
BANKERS
Land Tide Budding,
40 Wall StreeU
NEW YORK
PHILADELPHIA.
Members Boston ,#nd New York Stock
Exchanges. «
INVESTMENT SECURITIES
H. AMY & CO.
HUNT A, CUSHMAN
LIMITED
Invastmant Saaurltlaa
Trustees-Transfer Agents
Canadian Corporation Bonds
MONTREAL
35
Congress St., BOSTON
BANKERS
BANKERS
DEALERS IN
St., N.w York
Bee. Light
SECURITIES
Alfred Mestre & Co.
Members N. Y. Stock Exchange
III BROADWAY, NEW YORK
ft GO.
Bonds and Guaranteed Stooke
Orders Executed in all Markets.
D. H. Schmidt & Co.
Members
Now
York Stock Bxohange.
Investment Seourltlea
SY WILLIAM
STREET
NEW
Street, New York.
INVESTMENT SECURITIES
BUS of Exchange.
Letters of CredHe
Effingham Lawrence & Co.
CANADA
HOBENPYL, WALBRID6E
BANKERS.
44 and 46 Wall
BOND DEPARTMENT
to Check
Tucker, Anthony & Co.
INVESTMENT TRUSf CO.
Railroad, Street By., Ou ft
Deposits Subject
BANKERS
THE
7 Wall
on
49 Wall Street
BANKERS & BROKERS
CORPORATION,
Interest
SECURITIES
Bigelow & Company
Canadian
Investment Securities
Toronto
NEW YORK
Travelers' Cheques and Letters of Credit
INVESTMENT
Members New York and
Boston Stock Exchanges
DOMINION SECURITIES
71 BROADWAY
BOSTON
Municipal and Railroad
CORRESPONDENCE SOLICITED
(Paid-Up Capital and Surplus, $4,904,ON)
Congress St
GORDON
MONTREAL
©orrespendenoe Solicited
ELECTRIC BOND ft SHARE CO.
NEW YORK
DIRECTORS:
•»
Bankers and Investment Dealers
Proven Public Utility Securities
CHICAGO
Bond Brokers aid Fiiaicial Assets
OH AS.
WE FINANCE
Electric Light, Power and Street
Members New York and Beston
Stock Exchanges
Buy and sell Sterling and Continental Exchange
Md
ESTABROOK & CO
Members of the New York
Stock Exchange.
Dealers
in
Municipal, Railroad and
Equipment BondB.
Interest allowed on deposits
Subject to Draft.
37 Wall St.
NSW
TOBK
YORK
,
180 S. 15th Btu
THE CHRONICLE
VI
|VOL.
LXXXXI
2attfe«v* atifl Svofesvs outside goto ^orb.
PITTSBURGH.
LOUISVILLE
PITTSBURGH SECURITIES
J. J. B. HILLIARD & SON
PORTLAND, ORE.
LOUISVILLE, KY.
ROBINSON
BANKERS AND BROKERS
BROS.,
Men jers New York and Pittsburgh
Stock Exchanges
PITTSBURGH, PA
INVESTMENT BONDS
SAN FRANCISCO.
LOUISVILLE, KY
J. C. WILSON
S. & W. S. KUHN
Pittsburgh, Pa.
HENRY S. FRAZER
Local Stocks and Bonds
L. L. M’Clelland.
Sec. & Treas.
PAID-UP CAPITAL. $500,000
INVESTMENT SECURITIES
CHILDS & CHILDS
STOCKS AND BONDS
NASHVILLE.
SECURITIES.
TENN.
’Union 'Bank Building,
AUGUSTA.
PITTSBURGH, PA.
JOHN W. DICKEY
Taylor & Company
PITTSBURGH
SSS Fourth Ave
AUGUSTA. GA
Southern
Securities
INVESTMENT SECURITIES
WANTED
WILLIAM
STOCK AND BOND BBOKXB8
IS South Third Street,
PHILADELPHIA
proposed Investments.
&Tco7~
CITY
Chestnut and Third Sts..
HUNTOON
INACTIVE
& CO.
James H. Adams & Cow
CALIFORNIA BONDS
MUNICIPAL AND PUBLIC SERVICE
CORPORATION
OF
They yield
ATLANTA
a
the
higher rate of interest than bonds at
merit issued in the East.
same
Correspondence InrUed.
LOS ANGELES. CAL.
Joseph Ball Company
Orders executed for
the
purchase and sale of
WE OWN AND OFFER
BONDS AND STOCKS
MUNICIPAL. BONDS
Members Loa Angeles Stock Exchange
Yielding 4)4% and upwards
433-434-435-436-437 SECURITY BUILDING
HILLYER INVESTMENT CO.
LOS ANQELES
ATLANTA, GEORGIA
BONDS
Land Title Bldg.
SAN FRANCISCO
Member The Stock and Bond Exchange
ATLANTA.
ATLANTA, GEORGIA
Philadelphia, Pa.
E. B. JONES
BUSH
THE ROBINSON-HUMPHREY GO.
SECURITIES
-
PACIFIC COAST SECURITIES
Write for Circular No. 152
Specialists in
481 Chestnut St.,
E.
Ay2% BONDS
Philadelphia.
fPHILADBLPIA STOCK EXCHANGE
EMBERS! NEW YORK STOCK EXCHANGE
l CHICAGO BOARD^OF TRADE
A
Wakefield, Garthwaite & Co.
LOS ANGELES.
AUGUSTA, GA.
Investments receive our special attention.
InSanitation cheerfully furnished icgarding present
REED
Merchants' Exch. Bldg,
H. W. Heilman Bldg..
San Francisco.
Los Angeles.
Lumbermen's Bldg.. Portland
and Stocks
Wm. G. Hopper & Co.
j. w. sparks
BONDS
1st Nat. Bank Bldg..
Offerings of Southern Bonds
W. Q. HOPPER,
H. S, HOPPER;
Members of Philadelphia Stock Exchange.
or
BARROLL & CO.
We Invite Request* tor Information
PHILADELPHIA
holdings
Branch. Coronado Hotel. Coronado Beach.
Correspondents,
Harris, Win thro p k. Co., New York a Chicago.
BROKER
NEW TORE
Singer Bldg.
ua
LOS ANGELES
SAN FRANCISCO
Bankers and Broken
New York and Pittsburgh Stock Exchangee
and Chicago Board of Trade
H. P.
Stock and Bond Exchange, S. F.
Private Wire to Chicago and New York.
THOS. PLATER & CO.
Members
INVESTMENT
New York Stock Exchange.
MEMBER!Chicago Board of Trade.
NASHVILLE.
Incorporated
Unei S. Kahn,
President.
PACIFIC COAST SECURITIES A SPECIALTY
STOCKS AND BONDS
INVESTMENT SECURITIES
(NO STOCKS)
of
BONDS
John W. & D. S. Green
We Bay and Sell
i
PHILADELPHIA
Municipal and Corporation
INVESTMENT BONDS
STREET RAILWAY SECURITIES
A Specialty
Correspondents: WALKER BROS., 71 B’wsy. N. Y.
ESTABLISHED 186S
MORRIS BROTHERS
PORTLAND
PHILADELPHIA
DENVER, COL
WILLIAM R. STAATS CO.
Established 1887
CALVIN BULLOCK
NORFOLK, VA.
MOTTU & CO.
DENVER
Established 1892.
BANKERS
AND
Municipal and Corporation Bonds
CITY TRAMWAY
BONDS
TO YIELD 4% TO 6%
Descriptive Circulars
on
Request
LOS ANGELES
BROKERS
NORFOLK, VA.
B. W.
Strassburger
SOUTHERN INVESTMENT SECURITIES
BIRMINGHAM, ALA.
PASADENA
MONTGOMERY.
FIELDING J. STILSON CO.
ntvzsTMnrr securities
MEMBERS
LOS
ANGELES STOCK EXCHANG1
MONTGOMERY, ALA.
LOS ANGELES.
BALTIMORE
SEATTLE.
Otto Marx & Co.
BANKERS
AND
BROKERS
COLSTON, BOYCE & CO
BIRMINGHAM. ALABAMA.
STOCKS AND BONDS
Members Baltimore Stock Exchange
GEORGE H. TILDEN &, CO.
MUNICIPAL AND CORPORATION BONDS
to
INVESTMENT BONDS
MEYER & GOLDMAN
SOUTHERN SECURITIES
STOCKS AND BONDS
OFFICES:
PROVIDENCE.
BIRMINGHAM, \
MONTGOMERY•/
86 Madison Avenue,
Eastern
-
TENN.
96
banks,
State
Deposits
netting
EDWIN R. CASE
NEW
and New York,
or
Such bonds of the Padfle
high rate, and are suitable for
trustees and private Investors.
NEW JERSEY.
Exchange Street, Providence, R. I.
Bonds, Stocks and Local Securities.
Private wires to Boston, Philadelphia
City
CENT.
earn a
Richardson & Clark
Local Stocks and Bonds.
MEMPHIS,
County,
SIX PER
Northwest
ALABAMA
JNO. L. NORTON
6%
We have bonds which are tax-exempt In Wash¬
ington, may be used by Washington banks to so*
JERSEY
Me better State
SECURITIES
No better Securities
15 EXCHANGE PLACE
Tela. 866 and 761
JERSEY CITY
July 23
1910.]
THE CHRONICLE
*n&
gvohevs outside §tet» Kcrvk.
CHICAGO.
CLEVELAND.
GREENEBAUM SONS
BANKERS
ST
FRED. S. BORTON
T. E. BORTON
R. C. ENWRIGHT
BORTON
BORTON
&
LISTED AND UNLISTED
High-Grade Investment Securities.
STOCKS AND BONDS
Chicago First Mortgages and Bonds for sale.
OF CLEVELAND AND NORTHERN OHIO
Issue Letters of Credit for travelers, available In
of the World.
MEMBERS CLEVELAND STOCK EXCHANGE
GUARDIAN BUILDING
A General Domestic and Foreign Banking Business
Correspondence Solicited.
Hayden, Miller & Co.
Sanford
F.
Harris &
Co.
DIVESTMENT SECURITIES
THE
ROOKERY
BANKERS & BROKERS
139 MONROE STREET.
CHICAGO,
WEIL, ROTH
CINCINNATI
(Successor
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
(INCORPORATED.)
COMMERCIAL PAPER
KANSAS CITY, MO.
■
■
—
~————
—
^^iTY*B*^vvnrvvTAriririjTnj\
McCRUM
INVESTMENT 00.
BOUGHT AND SOLD
Union Trust
Building,
City Ry. <fe Light Issues.
Western Municipals.
Local Securities.
EDGAR
FRIEDLANDER
DEALER IN
CINCINNATI,
BONBRIGHT & HIBBARD
Building
Exchange.
Rochester Stock Exchange,
|Roj
Vicago Board of Trade.
SPECIALISTS
ROCHESTER
Dally Lists Mailed
on
SECURITIES
Twin City Rapid Transit 5s, 1928
Minnesota Transfer Ry. 5s, 1916
St. Paul Gas Light Co. 5s, 1944
City of St. Paul 4Hs
Investment Securities
Special Attention to St. Louis Secoritiei
TO
MARKETS
300 N. FOURTH ST.
-
ST. LOUIS
William R. Compton Co.
Telephone Co. 1st 5s
Correspondence Invited on
805 LaSalle SI.
OHIOAQO
DEALT IN
CIRCULARS AND USX ON APPLICATION
Sctwia ZVfi iie &
MINNEAPOLIS.
Bank Bldg., St. Bout
Stevens, Chapman & Co.
ALBERT P. MILLER Jr.
INDUSTRIAL TRUST CO. BUILDING
PROVIDENCE, B. I.
Local Securities
BONDS
MINNEAPOLIS—ST. PAUL
M. St. P. & S. Ste. Marie 4s
Duluth Missabe & Northern 5s
South Dakota Central 5s
Minnesota & Ontario Power 6s
Gas, Electric Lighting & Railway WELLS & DICKEY
& CO
Bonds and Stocks
MINNEAPOLIS. MINN.
MUNICIPAL A CORPORATION BONDS
Twin City
50% Stock Bonus
for particulars
Write
A.
WIRES
PRINCIPAL
Twin City
Application.
High Class 6% Bonds
JOHN
New York City
MUNICIPAL
and other
HIGH-CLASS BONDS
SAINT PAUL
State Savings
York Stock
St. Louis, Mo.
OHIO
PROVIDENCE.
rNew
fNe
A. G. EDWARDS &SONS
Mehta .-Laclede Bldg.
ST. LOUIS
.
Cincinnati Securities
ROCHESTER, N. Y.
Members:
5% Bonds
CINCINNATI
all Northwestern Securities
KANSAS CITY. MO
100 Powers
Kennett
Dated May 1, 1910.
Due $500 May.l, 1916,
1919 and 1923.
Due $1,000 May 1, 1924 and
1925.
Assessed valuation, • $720,632.
Bonded
PRIVATE
Municipal and Corporation Bonds
8. W. Cor. Monroe & La Salle Sts., Chicago.
■
5% Bonds
Short, Stanton A Co.)
Application
Becker & Co.,
H.
to
HIGH-GRADE
THE ROOKERY. CHICAGO
■
Charleston
Dated July 1, 1910.
Due July 1, 1930.
Op¬
tional July 1, 1920.
Assessed valuation $1,060,029.
Bonded debt $38,000.
Population 3,600.
WHITAKER & CO.
for Investment
The Short, Stanton, Worthington Go.
A. G.
$20,000
Dealers in
St. Louis Merchants* Exchange.
Allerton, Greene A King
Kansas
CO.
Bew York Coffee Exchange,
ew York Produce Exchange.
Chicago Stock Exchange.
Chicago Board of Trade.
W.
&
CHICAGO
m
5% Bonds
May 15, 1910.
Due May 15, 1930.
Optional May 15, 1915. Assessed valuation,
$681,872.
Bonded
debt
$26,500.
Population
3,000.
County Seat of Dent County.
Price to
yield 4.50 Per Cent.
High-Grade Bonds
ILL.
New York Stock Exchange.
New York Cotton Exchange,
LM
Salem
Dated
debt, $13,500. Population 2,774.
County Seat
of Dunklin County.
Price to yield 4.50 Per Cent.
CINCINNATI.
Slaughter & Co.,
$23,000
$3,500
CLEVELAND. OHIO
CHICAGO
A. O.
MISSOURI SCHOOL BONDS
$32,000
Moberly
5% Bonds
of Mississippi County. Price to
County
yield 4.50Seat
Per Cent.
Investment Bonds
Citizens’ Building,
LOUIS.
Dated July 15, 1910.
Due July 15, 1930.
Optional July 15 1920. Assessed valuation
Bonded debt $57,000.
$2,245,470.
Population
14,000.
Price to yield 4.40 Per Cent.
INVESTMENT SECURITIES
Comer Clark and Randolph Streets. Chicago.
all parts
VII
BODELL &
CO.
fgitiattjcial.
806 TO 809 BANIQAN BUILDING
BURGESS
Rapid Transit System Bonds
Minneapolis National Bank Stocks
PROVIDENCE
Member Rochester Stock Exchange
104-105 Wilder Bldg.
ROCHESTER
N. Y.
BUFFALO.
Preferred Stocks
of Proven Value.
Bonds and
JOHN T. STEELE
GUARANTEED
BUFFALO, N. Y.
Government, Municipal
and Corporation Bonds
NATIONAL LIGHT,
HEAT A POWER COMPANY
BONDS
INDIANAPOLIS.
^VVVVVWVVrt^r***
*
All Issues
*|VAWV*
Joseph T. Elliott & Sons
A. H. Bickmore & Co.,
SPECIALISTS IN
Investment Securities
BANKERS
Buffalo and Western New York Securities
Members Indianapolis Stock Exchange
American Nat. Bank Bldg.,
ALBANY,
30 Pine Street,
New Yerli
N.y!
PETER J. CALLAN
INVESTMENT BANKER
Local, Listed and Unlisted
INDIANAPOLIS
STOCKS AND BONDS
REAL ESTATE
NEWTON
TODD
1 WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Fletcher Bank Bide..
INDIANAPOLIS
Bank and Trust
Company Stocks
NEW YORK AND BROOKLYN
BOUGHT AND SOLD
CLINTON
GILBERT
8 WALL ST.. NEW YORK.
▼Ill
THE CHRONICLE
[VOL.
LXXX3L1*
fglantueve and gvofie**.
ERVIN & COMPANY
A. B. Leach & Co.,
t'
BANKERS
c New
BANKERS
York Stock
Exchange,
(Philadelphia Stock Exchange,
em
149 Broadway, HEW YORK
BONDS FOR INVESTMENT.
140 Dearborn Street, CHICAGO
Drex.1
NATIONAL BANK
OF CUBA
Capital, Surplus and
u÷d Profits
Assets
Oash in Vaults - -
Building, Philadelphia.
}$6,100,000 00
-
26,700,000 00
5,800,000 00
-
-
HEAD OFFICE—HAVANA
Branches
Leng Distance Telephone No. L. D. 167.
20 State Street, BOSTON
84 GALIANO ST., HAVANA.
226 MONTE ST.. HAVANA.
PRODUCE EXCHANGE, HAVANA
Cfaeet&ut & 4th St, PHILADELPHIA
GARDEN AS,
CIENFUEGOS,
PARKINSON & BURR
BANKERS
C. I. HUDSON & CO.
7 Wall Street
Hoi. 34-36 WALL ST., NEW YORK.
BOSTON
750 Main Street
WIRES
TO
E. W. CLARK & CO.
SIMON BORG & CO.,
BANKERS
Members of New Yerk Stoek BxcUange
Hew Tort
-
New York Correspondents
J. Prentice Kellogg
William A. Larned
Chas. H. Blah* Jr.
Albert R. Gallatin
111
Thomas L. Manson &cCo.
-
WEBB & CO.
HENDERSON & COMPANY
34 NASSAU STREET
Exchanges.
HEW TORE
MEMBERS N. Y. STOCK EXCHANGE
Transact
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
WALKER BROS.
71
BANKERS
• NASSAU STREET, NEW YORK.
Established 1866
6KBMBER8 OF N. Y. STOCK
BROADWAY, N. Y.
Members N. Y. Stock Exchange
BANKERS and BROKERS
EXCHANGE.
▲Mow Interest on deposits subject to sight check.
Boy and seM on commission stocks and bonds, and
deal in
RAILROAD BONDS
QUARAHTEED STOCKS
J. S. Farlee.
H. L. Finch.
W. S. Tar bell.
J. S. FARLEE & CO.
Edwin P. Campbell
James G. MacLean
Campbell & Co.
11 WALL STREET. NEW YORK
Members New York Stock Exchange
Bought & Sold
on
Commission
INVESTMENT
11 WALL
SECURITIES
STREET. NEW YORK
William Herbert & Co.
Hanover Bank
11 PINE
STREET,
VICKERS &, PHELPS
29 Wall Street, New York
Members of New York Stock
City.
Exchange
1910
Colgate & Co.
W. H.
Investment
Bonds.
Goadby & Co.
Members New York Stock
Exchange
Telephones
111 BROADWAY
4490-1-2-3-4 Rector
NEW YORK
E. & C. RANDOLPH
Members
Ill
NEW YORK
New
York
Broadway,
Stock
New
Exchange.
York.
Open Market Securities Department
Bankers and Brokers
10. 74 BROADWAY}
OFFICERS.
Interest paid on Time Deposits and
Savings Aoceunte.
Accounts of Banks, Firms, Corporations and Individuals
solicited.
We are prepared to furnish depositors
every
facility consistent with good hanking.
JOHN H. DAVIS & CO.
BANKERS AND BROKERS.
Ne. 10 WALL STREET.
N. Y. and Phila. Stock Exchangee.
Orders for Stocks and Bonds executed
vpojn all
Exchanges in this country and Europe.
Especial attention given to supplying hlgh-olaas
INVESTMENT SECURITIES.
WM.
KB Wall Street. New York.
Members
H. Y. 8took Ex.
OREGON
W. M. Ladd, President.
R. S. Howard Jr., Aset.Cash
e. Cooldagham, V.-Pres. J. W. Ladd. Asst. Cashier.
W. H. Duackley, Cash.
Walter M. Cook, Asst. Cash.
Oash orders only in stocks accepted
Simpson, Pearce & Co.
NEW YORK
1808
Jas. B.
BANK
Capital Fully Paid - - - $1,000;060
Surplus and Undivided Profits $600,000
Interest Allowed
EXCHANGE
Building
-
-
Members
BONDS
MBMBER9 N. Y. STOCK
TILTON
MEMBERS NEW YORK STOCK EXCHANGE.
Brokers and Dealers in
Securities
&.
PORTLAND
Established 1899
A. M. KIDDER & CO.
H. G.
NEW YORK
General Banking and Stock
Exchange Business.
LADD
and Philadelphia
Campbell
74 BROADWAY
a
Tel. 8600 Rector
Private Wires to Boston, Hartford, New Haven
Henry Q.
Capital, 81,000,000
Exchange
McCURDY,
Broadway,
Acts as Cuban correspondent of America!
banks and transacts a general banking bsslin,
Broadway
NEW YORE CITY
100
John B. Gardin 1
Alvin W. KreohlNew York Committee
James H. Poet J
SCHMIDT & GALLATIN
INVESTMENT SECURITIES
Y. and Boston Stock
CARLOS DB ZALDO. President
JOSB I. DB LA CAMARA. Vice-President
LS;
George P. Schmidt
Frederic Qallatln Jr.
HIGH-GRADE
Mem ben N.
HAVANA
76 CUBA STREET
Members PhUa. and New York Stock Exchanges.
Interest allowed on deposits.
Members N. Y. Stock
8TOOK BROKERS
OF
PHILADELPHIA
CITIES
391 Chestnut St.
Ho. 80 Hasson Street,
BANK
BANKERS,
PRINCIPAL
Specialty.
Cable Address—Bancoaae
Miscellaneous Securities
in all Markets
a
Sole Depositary for the Funds of the Republic of
Cuba
Member American Bankers’ Association
HARTFORD
TELEPHONE 8070 JOHN.
PRXVATB
Collections
53_State Street
NEW YORK
Members New York and Chicago Stock Exchangee
MATANZAS,
SANTIAGO.
CAIBARIEN,
GUANTANAMO.
SAGUA LA GRANDBS
SANTA CLARA,
CAMAGUEY,
PINAR DEL RIO.
SANCTI SPIRITUS;
CAMAJUANI,
CRUCES,
CIEGO DE AVILA.
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
MANZANILLO.
HORACE HATCH. Manager.
ln|Inv«stment and Other Securities of the
.
Dealers
United States and Canada
on
Deposits Subject to Checks
FAHNESTOCK,
T. J.
MUMFORD
Memb. N. Y. Stock Ex.
Fahnestock & Co.
P
reisers and Dealeri in
INVESTMENT SECURITIES
2 WALL STREET.
MELLOR & PETRY
Stocks, Bonds, Investment Securities
184 SOUTH FIFTH ST.,
Philadelphia
MEMBERS
NEW YORK STOCK EXCHANGE
PHILADELPHIA STOCK EXCHANGE
July 23
1910.]
THE CHRONICLE
IX
Smut %wcpxixit*.
WANTED
Glens Falls Gas & Electric 5s
Omaha Water Co. 5s and Stock
Seattle-Tacoma Power Co. Stock
FOR SALE
We Own and Offer
$25,000 Nashville & Decatur Railroad
Michigan-Lake Superior Power 5s
New Hampshire Elec. Ry. Stocks
Fresno City (Cal.) Water Co. 5s
Springfield Breweries 6s
York Haven Water & Power 1st 5s
Council Bluffs Water Works Co. 6s
Buffalo Lockport & Rochester ctfs.
Hackensack, N, J
rn% Stock
Price, 188 and Interest
5% BONDS
Dividends guaranteed 999 years by
Louisville & Nashville Railway Co.
Price to Yield 4.60%
GOULDING MARR
Portsmouth
Kittery & York 6s
NASHVILLE,
H. C. Spill er & Co.
Broker
-
-
TENN.
R. M. GRANT & CO.
BANKERS
31 NASSAU STREET
NEW YORK
Specialists in Inactive Bonds.
37 State Street
Boston
MUNICIPAL
RAILROAD
FOB SALE
Established 1864
) 4%
BONDS
Youngstown A Southern 5s, 1923
CORPORATIOH ) 6%
St. Louis Bocky Mt. A Pac. 5s, 1955
Muskegon Trac. A Lighting 5s, 1931
Batoetod tor Conservative Investors.
Amer. Finance A Securities 6s
American Writing Paper 5s, 1919
Lists Mailed Upon Application.
Burlington Oas 5s, 1955
U. S. Envelope 5s, 1923
California Oas A Electric 5s, 1937
Toledo Bailway A Light 4s, 1909
Hudson Biver Water Power, 1929
INSURANCE STOCKS
> TO
Fidelity, Phoenix, Home,
Niagara, Continental, &o,
BOUGHT AND SOLD
E. S. BAILEY
69 BROADWAY
Lawrence Bamum & Co.
Philadelphia
STREET. NEW YORK
Washington
Pittsburgh
INVESTMENT SECURITIES
STOCK EXCHANGE BUILDING. BOSTON
WOLFF & STANLEY
Telephone 3448 Main.
United Bys. of St. Louis 4s
Union XI. Lt.A P. Oo. of StX. 1st 5s
Union El. Lt.A P. Oo. of St. L. Bef. 5s
Ladede Oas Oo. of St. Louis 1st 5s
Laelede Oas Oo. of St. Louis Bef. 5s
Kan. 0. By .A Lt. 5s A Underly. Sec’s
DEALT IN BY
FRANCI8, BRO. & CO.
NEW YORK
Florida East Coast 1st 4^s, 1959
N. Y. Central 43^%
Equipments
Kansas Gity Southern 434%
Equipts.
Buff. Roch. A Pitts.
43^% Equipts.
N. Y. Central
4^% Equipments
BANKERS
IT-26 PINE
HOTCHKIN & CO.
Telephone 2817 Reotar
Add. "MOWOLF” 27 William St.; N. Y.
Phones 6557-0558-6559 Broad
“The Pledge of The People”
WE OWN AND OFFER
Terre Haute A Western 5s, 1937
A New Investment
Pamph¬
let, of Vital Importance to
Every Buyer and Holder of
Municipal Bonds, Sent on Re¬
United El. Light A Pow.
(Balt.) 43^8
Lansing Fuel A Oas 5s, 1921
Michigan City Gas A El. 5s
OFFERINGS WANTED OF
Detroit Gity Gas Gen. 6s
Baltimore Electric Co. 5s, 1947
quest.
D. ARTHUR BOWMAN
Third National Bank Boil dine
ST.
H. L. NASON A CO.
National
LOUIS, MO.
Shawmut Bank Building.
Bo*toq. Mass.
(B9TABU3HBD 1*77)
214 North 4th Street, ST. LOUIS
WANTED
Michigan State Teleph. 5s & Stocks
Pennsylvania Tax Free Securities
BANKERS
BOUGHT AND SOLD
George B. Atlee & Co
Bankers
Philadelphia
New York State Bailways, common
Mohawk Valley Co.
8toeks and Scrip.
MALCOLM
68
Broadway,
STUART
Telephone.
HEW YORK
158 Rector
Union Bail way, Oas A Electric
Portland Bail way, Light A Power
Memphis Street Bailway
ALL LOUISVILLE LOCAL SECURITIKI
S. C. HENNING & CO
116 So. 6th St..
LOUISVILLE. KY.
71
Broadway
NEW YORK CITY
Specialize in Securities
Temple Iron
Klots Throwing
Chicago Subway
Scranton Railway
Sprint Brook Water
Scranton Electric
Pa. Coal A Coke
Pa. Cent. Brewing
Northern Electric
Scranton Gas & Water
New Mexico Ry.& Coal Paint Creek
Collieries
Lacka. & W. V. R. T. W. B. &
Wyo. V. Trac
&
BANKERS
CO..
EMBERS NEW YORK STOCK
EXCHANGE
423
Sprue* St.,
SCRANTON, PA.
.
Standard Oil Cloth Com. & Pfd.
Hampshire El. Bys., Com.& Pfd.
.
New
London
ENGLAND
Electric Power Securities
Nevada-California Power Co. bonds and stock
Denver & N. W. Ry. 5s and stock
Northern States Power Co.
Denver Gas & Electric 5s
Northern Idaho & Montana Power Co.
F. W. MASON & CO. “
FOR SALE
Kirby Lumber Co. Com. & Pref.
Butte Electric & Power Common
Coplay Cement Co. Common & Pref.
Norfolk & Western St. Ry. 5s
C. H. FARNHAM
27 STATE
STREET. BOSTON
JAMES N. WRIGHT & CO
DENVER, COLO.
Am. Tel. A Tel. Oony. 4s, March 1986
Am. Tel. A Tel. Cell. Tr.
Commonwealth Pr Ry & Lt
And
Constituent Companies’
Stocks and Bonds.
4s, July 1929
Wm.
X. Y. Telephone 4%s, November 1989
415 Ford
Hughes Clarke
GEORGE L. WARE
Building, Detroit, Mich.
WANTED
52 State St.. BOSTON
Peoria Gas & Electric 1st Mtge. 5s. 1923
Northern Indiana Gas & Elec. Cons. 5s. 1936
Public Service Corporation Gen. 5s. 1959
Norfolk & Portsmouth Traction 1st 5s. 1936
SAMU ELK. PHILLIPS A CO.
421 Chastnut St
Philadelphia
Members of
Philadelphia Stock Exchange.
Grand Rapids Ry. Co. 1st M. 5% Bonds, due 1916
St.
OFFER
Joseph Railway. Light,
Heat & Power Co.
1st Mortgage 6% Bonds. 1937.
Sutton,
Strother & Co.,
Calvert
Street*
and German
BALTIMORE
Member* of Baltimore Stock Exchange
St. Clair Co. Gas A Elec. Co. 1st Cons.
Childs Company, Common A Preferred
Connecticut Ry. & Lighting Bds.&Stks.
Mohawk Valley Company
N. Y. State Railways, com. & pref.
Sec. Nat Bank Bid*.
Tri-City Ry. A Light, com. A pref.
WILKES-BARRE, PA.
Correspondents: EDWARD B. SMITH A
CO..
27 Pine St.. New York
City.
24 Broad Street
NEW YORK
of
U. S. Lumber
BROOKS
Colorado Springs
Tel. 984 Main
New River
Nipe Bay Preferred
Members of the New York Stock
Exchange
COLORADO
119 S. Fourth St.
Cent. Mex. Lt. & Power 6s A Stock
Elmira Water, Light A Railroad 5s
Montreal Light, Heat & P. 43^3 & 6s
WILLIAM P. BONBRIGHT & COMPANY
20 Broad St.. N
1st Ref. 5s, 1916
Chattanooga By. A Lt. Co., 1st A
Bef. 5s, 1956
WURTS. DULLES & OO.
WM. M. CLARKE
Tel. 1015-16-17 Rector
5s, 1959
Mahoning & Shenango By. A Lt. Oo.
Y.
126 S. FOURTH ST.,
PHILADELPHIA
Telephone Lombard 1060-1061
THE CHRONICLE
[VOL.
LXXXXI
Qnvtmt gjgttfl QuqnixU*.
Colorado
Springs & Cripple Creek District 5s
Cincinnati Hamilton & Dayton Gen. 4J^s, 1939
New Mexico Railway & Coal 5s, 1946 & 1951
Pittsburgh Shawgnut & Northern 4s & 5s
Sloss Iron & Steel 6$
Sloss Iron & Steel 4Ms
Galveston Houston & Henderson 5s, 1913
Bay & Western 5s, 1921
Chicago & Western Indiana 4s, 1952
Minneapolis & St. Louis 4s, 1949
Florida East Coast 4J^s, 1959
Kewanee Green
G. W. Walker & Co
BANKERS
Wilkes=Barre & Eastern 5s, 1942
Gulf & Ship Island 5s, 1952
Central Vermont 4s, 1920
AND ALL OTHER SECURITIES DEALT IN
F.
J. USMAN & COMPANY,
BROAD STREET,
ST. PAUL MINN. & MANITOBA RY.
Montana Ext. 1st 4% Bds, due 1937
MINN. ST. P. & S. S. M. RY.
Consol. Mtge. 4% Bonds, due 1938
CHESAPEAKE & OHIO RY.
1st Cons. M. 6% Bonds, due 1939
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
NEW YORK
SUTRO BROS. & CO.
Land Title & Trust Go. Building, PHILADELPHIA
39 Pearl Street, HARTFORD
BANKERS
44 PINE STREET. NEW YORK
Members New York Stock ■xohaago
LIBBEY&STRUTHERS
Toledo Traction Extended 6s
Toledo Ry. & Light 4s
Toledo Dark & Goal 6s
55 Cedar Street
Robt.Glendinning &Co,
NEW YORK
Pittsburgh Wheeling & L. E. 4s
400 Chestnut Street.
Somerset Goal 6s
Penn.
A. A. LISMAN &
Tel. 5950 Broad
CO.,
25 Broad St.. New York
PROCTER
&
95 Bread SU, JVeee Ttk
Tel. 100 Brood.
BORDEN
EQUITABLE BUILDINQ. NEW YORK
Providence & Worcester 4s
N. Y. Providence & Boston 4s
4s, 1948
Philadelphia.
Western N. Y. A Pa. First 6s
Chesapeake & Ohio 4}^s
Central Pacific
Houston & Texas Central 4s
Toledo Peoria & West. 1st 4s
Central Branch 4s, 1919
White Water Valley 4s, 1940
New Haven 6s
T. W. STEPHENS & 00
BANKERS
2 WALL 8TREET,
NEW YORK.
Long Island RR. Ferry First 4^s
Kansas City Ft. Scott A Memphis 4s
Wilkes-Barre & Wyo. Val. Tract. 6s
Wilkes-Barre Gas & Electric Go. 6s
Wyoming Valley Gas A Electric Go. 6s
Manufacturers' Water Go. First 6s
Westchester Lighting Go. First 6s
FOP
300
100
150
100
100
100
SAIF
Babcock & Wilcox
Childs Co. Preferred
Niagara Falls Power
Rubber Goods Mfg. Preferred
Singer Manufacturing
St. Louis Rocky Mt. & Pacific Preferred
FREDERIC H. HATCH & CO
30 BROAD STREET
-
-
NEW YORK
Tel. 5140 to 5153 Broad, Inclusive
Branch Office. 50 CONGRESS ST.. BOSTON
Bonds
State
Suitable for Deposit with
of Georgia by Insurance
Companies
constantly
on
hand.
Interest allowed
Individuals and
j.
H.
HILSMAN
BONDS
INVESTMENT
& CO.
accounts of
on
Corporations
EMPIRE BUILDINQ. ATLANTA. GA.
N. Y.N.H.&H. Deb.
4s, 1955
N. Y. N. H. & H. Deb. 4s, 1956
MUNICIPAL BONDS
Boston & Maine 4J^s, 1929
Legal for Savings Banks in New York State
Minn. Lynd. & Minn. 1st 5s, 1919
TO NET 4.25%
Col. New. & Zanesv. 1st 5s, 1924
Col. Buckeye L. & New. 1st ‘5s, 1921
FERRIS & WHITE,
Tel. 6327-8 Han oxer
37 Wall St.. N. Y.
WE WANT TO BUY—
Park & Tilford 6s
Somerset Coal 5s
Fairmont Coal 5s
Continental Coal Co. 5s
Kansas City Qas 5s
Mexican Irrigation Works 4 Ms
Cuban Government (Internal) 5s
N.Y.& Cuban Mail SS. 1st 5s, 1932
N. Y. Tel. 4^s, 1939
BURGESS, LANG & CO.
Private
NEW YORK
34 Pine Street
C
K. B
Tel. 6744 Hanover
Baker, Ayllng & Company
Telephones. /Bell-Spruce21-31.
I Keystone-Race 205
Peoria & Pekin Union 6s, 1921
Peoria & Pekin Union 43^s, 1921
Southern Pacific Branch 6s
Georgia & Pacific 6s
Beech Greek 1st 4s
Un. N. J. RR. & Canal 4s, 1923
BLAKE & REEVES
Tel. 1504 John
34 Pine Street. New York
Pingree, McKinney & Co.
WADE
49 Wall Street.
July Investment List
Sent
on
Request
CURTIS &, SANGER
Membera N.Y., Boston A Chicago Stock
Boston
49 WaO Street
NEW YORK
8
Congress Street,
Boston
Goal & Iron National Bank
Union Exchange National Bank
Royal Baking Powder Preferred
BOSTON
Provident#
West End Trust Bldg.. Phlia.. Pa.
Members of the Philadelphia Stock Exchange.
Chicago & E. Ill. Equipment 4}^s
Wabash Equipment 43^s
Pere Marquette Equipment 4^s
Investment Bonds
Phllftdolphb
REED A. MORGAN & CO.,
BOSTON
50 State Street
Railroad and Other
80 Broadway. New York
BONDS
WE QUOTE:
Baldwin Locomotive Works 5s, 99
M
Syracuse Light & Power 5s. 73 3^ @74 H
Telephone 2417-8-9 John
J. H. BECKER & 0©.
Tel. 085 Rector
Wire
WE OFFER:
American Railways 5s, 1917
West Penn Rys.^Ss, 1931
Omaha Gas 5s. 1917
Penna. Coal & Coke 5s (Series A), 1932
Exchanges
LUTZ
26 Broad St.,
Chicago
& COMPANY
N. Y.
Tel. 273 Broad,
July 23
1910.]
TEE CHRONICLE
XI
Hoad Qnqniviits.
Delaware RR. Co. stock
Capital $5,000,000
St. Louis & San Francisco 434s, 1912
Western Electric Co. 1st 5s, 1922
General Rubber Co. 434s, 1915
Main Office:
Ayer Mills Equipment 434», 1911
American Cigar Co. 4s, B, 1912
Missouri Pacific
of New York
Uide.Winmill &Co«
Fifth Avenue Branch
Fifth Avenue & 43d Street.
BANKERS
20 BROAD
STREET, N. T.
SAFE DEPOSIT VAULTS
Telephone 445-6-7 Rector
London
N. Y. Lack. & Western 1st 6s, 1921
L. Sh. & M. So. Deb. 4s, 1931, unlist.
33 Lombard
Union Pacific
Refunding 4s, 2008
O., P. L. E. & W. Va. 4s, 1941
B. & 0. Prior Lien 334s, 1925
Illinois Cent., Western Lines 4s, 1951
Transacts
B. &
Municipal, Railroad
BROADWAY. N. Y.
Cable Address.
“NEWROSE”
PRIVATE WIRE TO ST. LOUIS
Branch
Street, E. C.
General Trust
and
Company Business
Investment Offerings
J. H.
Public Service Corporation
N. Y. STOCK EXCHANGE
60
a
Foreign Exchange
NEWBORG & CO.,
MEMBERS
Telephone 4300 Rector.
28 Nassau Street
Guaranty Trust Company
5s
cony.
BONDS
Edward V. Kane & Co.
North
American Building.
PHILADELPHIA
Members Philadelphia Stock
Exchange
’Phones Bell-Walnut 2290
N. Y. & Westchester
Ltg. 4s, 2004
New Amsterdam Gas 5s, 1948
Northern Union Gas 5s, 1927
Central Union Gas 5s, 1927
Lex. Ave. & Pav. Ferry 5s, 1993
Royal Baking Powder Com. Stock
20 Broad St.. N. Y
64
50
50
60
75
United New
MEGARGEL & CO.
334s & 4s
Michigan Central RR. Co. 1st 334s
5 Nassau Street
Western Pacific 5s
L. Sh. Deb. 4s, 1931 (unlisted
Nos.)
Norfolk & Western Ext. & Impt. 6s
Louisville Cinn. & Lex. 4 34s
Evansv. Terre Haute Gen. 5s
EYER
&
COMPANY
Tel. 7750 1-3-3 Hanover
37 Wail Street
NEW YORK
New Orleans Mobile & Chicago bonds and
scrip
Chicago & Alton 3s
New Mexico Railway & Coal 5s, 1947. 1951
Dawson Railway & Coal 5s. 1951
Alabama State 4s. 1920, 1956
West Kentucky Coal 5s, 1935.
Con. Indiana Coal 5s, 1935
Jersey RR. & Canal
FREEMAN & COMPANY
34 PINe
John 109
in
Syndicates being formed to develop properties
the PORCUPINE gold field offer attractive
opportunities
investments.
to
those
accustomed
United N. J. RR. & Canal Co.
Detroit Hillsdale & Southwest. RR. Co.
Illinois Central Leased Line
Rome Watertown & Ogdensburg RR. Co.
N. Y. Lack. & West. RR. Co.
Peoria & Bureau Valley RR. Co.
Mahoning Coal RR. Co. Preferred
Mahoning Coal RR. Co. Common
Brooklyn City RR. Co.
Northern R. R. of New Jersey
Stock
Exchange,
St.
New
York.
Private wire to Philadelphia.
Cof fin A
Company
NEW YORK
OFFER
Missouri Pacific Cons. 6s
Consolidated Ry. Deb. 4s, 1955
T., St. Louis 4s
N. Y. N. H. & Hartford Deb. 6s
M. K. &
f
WANT
Morris & Essex 7s, 1914 & 1915
Texas & Pac., Louisiana Div. 5s
Lake Erie & Western 2nd 5s
Pittsburg & Charleroix
5s
J. K. Rice, Jr. & Co.
WARREN, GZ0WSKI & C0.
Appenzellar
NEW YORK CITY
Tri-City Railway & Light Co. Stocks
Michigan State Telephone Co. Stocks
Underwood Typewriter Co. Stocks
Southern Light & Traction Co. 5s
LAMARCHE A
Tel. 5775-6 Broad.
St., N. Y.
Wisconsin Central Gen. 4s, 1949
Superior & Duluth 4s, 1936
Norfolk & Western Div.
4s, 1944
B. & O. Prior Lien
3^s, 1925
GILMAN & CLUCAS
1st Nat. Bank Bldg..
34 Pine
Street,
NEW YORK
United Zinc & Chemical 1st 5s, 1928
•
Tel. 7355 Hanover.
49 WALL ST
.
N. Y.
Toronto.
BANKERS
44 Pine Street
33 Wall
S. E. TAYLOE
25 Broad St., New York.
Swartwout &
Com.
100 U. S. Motors Pfd.
15 Wells Fargo
SPECIAL CIRCULAR.
COADY.
25 Broad
3o$epf> CUalKer^ Sons
Broad
mining
Amer. Light & Traction Co. Stocks
Amer. Gas & Electric Co. Stocks
Morris & Essex RR. Co.
Pittsb. Ft. Wayne & Chic. RR. Co.
MembersNowYork
to
Members N. Y. Stock Exchange
stocks
WANTED
Singer Mfg. Stock
Thompsou-Starrett
Telephone 5089 John
34 WALL ST
"guaranteed
47
NEW HAVEN. CT.
STREET. NEW YORK
Equipment Bonds and Car Trusts
DOUGLAS FENWICK & CO.
Tel.
20
Co.
Audubon National Bank
Short Time Maturities
NEW YORK
110
Recording Com.
Mohawk Valley Stock
New York Curtain
Oil Fields of Mexico
Otis Elevator Pfd.
Sen-Sen Chiclet
’Phones 7460 to 7466 Hanover.
Wyoming Val. Gas & Elect. 5s, 1925
BANKERS
*
100 East’n Steel 1st Pfd.
100 Intemat.
Elevat’g
173 Int, Time
Express
PATERSON & CO.,
Tel. 1985-6-7 Rector
Rtce, Jr. 8 Co. Have For Sale
50 Amer. Caramel Com.
45 American Express
Keystone-Race 499
Beech Creek Coal & Coke 5s, 1944
Penn. Coal & Coke Co. Issues
O’Gara Coal 5s, 1955
United Zinc & Chemical 5s, 1928
Nassau & Suffolk Lighting 5s, 1935
American Thread 4s, 1919
Webster Coal & Coke 5s, 1944
Pana Coal 6s, 1915-1918
Western Pacific 5s, 1933
Western Electric 5s, 1922
Surplus $18,000,000
Established 1864
St., N. T.
Atlantic Coast Elec. RR. 1st 5s
Lykens Valley RR. & Coal Stock
Mohawk Valley Co. Stock
Southwestern Coal & Impt. 6s, 1929
Amer .-La France Fire Eng. 6s & St’k
LEONARD SNIDER
60
BROADWAY NEW YORK.
Telephone 1620 Rector.
FOR SALE.
United Electric Co. of New Jersey 4s
W. E. R. SMITH & CO..
20 Broad Street
-
-
New York
Louisville Henderson & St. Louis 5s
Montana Central 5s
Atlantic & Birmingham 1st 5s
Mason City & Fort
Dodge 4s
New York Central Equipments
Central Branch 1st 4s
Central Pacific “Lucin. Cut=off” 4s
Scioto Valley & New England 4s
St. Louis Terminal
Cupples Station 414s
Western Pacific 5s
Toledo St. Louis & West. coll. 4s, 1915
WERNER BROS. & GOLDSCHMIDT
Tel. 4800-1-2-3-4-5 Broad.
25 Broad
Street, N. Y.
j
THE CHRONICLE
joi
[VOI,.
I.TTTXT.
itnuncbil.
gittatieiat.
Nederlandsch Administratie- & Trustkantoor
(NETHERLANDS ADMINISTRATION A TRUST COMPANY.)
215 Slngel - AMSTERDAM. (Holland.)
Board of Directors!
„
j
A. A. M. BOISSEVAIN,
Ph. MEES,
R. Mees
J
Director of Swiss Bankvereln and
of Labouchere, Oyens & Co’s Bank.
!
President,
Telders & Co.
Banker.
P. M. J. GILISSEN
Arnold GUlssen.
W. M. SCHEURLEER,
Scheurleer & Zoonen
AUQ. KALFF,
Jan Kalfl & Co.
as
as
Executor,
Trustee of
Administrator, Trustee,
Guardian, Agent, elf.
Corporation Mortgages.
Edwin S. Schenck, President
Francis M. Bacon Jr., Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith. Asst. Cashier
Janies McAllister, Asst. Cashier
W. M. Haines. Asst. Cashier
MELLON NATIONAL BANK
$2,550,000
■
Capital
Surplus and Profits $1,600,000
PITTSBURGH, PA,
As your reserve depositary, this
bank offers you perfect service and
liberal interest on your balances.
Stone & Webster
147 Milk Street,
57,000,000
CAPITAL AND SURPLUS,
factor
990 BROADWAY
G. H. DE MAREZ OYENS,
Labouchere, Oyens & Co’s Bank.
A. L. G. H. PICHOT4
Westerwoudt & Co.
t. Th. EVERARD,
Acts
Acts
Ot
& Zoonen.
H. MEINESZ,
J. A. DUYNSTEE,
i
Rational ganlt
H. WALTER. L. D..
Chairman.
de Kock & Uyt den Bogaard.
*
Central
tns
H. XEINE8Z, Pre.ldsLl
”
5 Nassau Street
BOSTON
First Natl. Bank Bldg
CHICAGO
NEW YORK
We offer for Investment
Adrian H. Muller & Son,
AUCTIONEERS.
THE AMERICAN MFG. CO.
Regular Weekly Sales
MANILA, SISAL AND JUTE
Securities of
Public Service Corporations
under the management
of our organization
OF
65 Wall Street,
EVERY WEDNESDAY
5% to 6V2%
New York
-
yield
to
CORDAGE
STOCKS and BONDS
Our Manual
Office, No. 55 WILLIAM STREEf.
Corner Pine Street.
describing these companies will be sent
request.
upon
C. B. Van Nostrand
1909
1850
The United States Life
Insurance Co.
36 WALL STREET
INEXPERIENCED
BOND MEN
INDUSTRIALS
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
W. E. HUTTON &CO.
JOHN P. MUNN, M. D., President.
a
thorough training
Investments and Bond Salesmanship
should write for FREE booklet de¬
on
Established
Finance Committee
CLARENCE H. KELSEY, Pres. Title Gu.&Tr.Co,
WM. H. PORTER, Pres. Chemical National Bank
ED. TOWNSEND. Pres. Imp. & Traders Nat. Bk
Good men, whether experienced In life insurance
or not, may make direct contracts with this Com¬
pany, for a limited territory If desired, and secure
for themselves. In addition to first year's commls
slon, a renewal interest Insuring an Income for the
Address the Company at its Home Offlot
future.
No. 277 Broadway,
who wish to obtain
Members of
1886
fNew York Stock Exchange
{Chicago Board of Trade
lCincinnati Stock Exchange
25 Broad Street.
-
New York
Private wires to Chicago, Cncinnati, San
Francisco, Salt Lake City and Los Angeles.
New York City
First Nat. Bank Bldg.,
scribing
Address
our
systematic courses of study.
BABSON’S COMPILING OFFICES,
Wellesley Hills. Mass.
Largest Statistical Organization iu the U. S.
Cincinnati
NOW READY
Range of Prices for Stocks and Bonds
FROM
1904 to
July 1, 1910
Earnings, Fixed Charges and Dividends for Series of Years
Hand Book of Securities
Commercial & Financial Chronicle
Front
Pine and Depeyster Streets,
NEW YORK.
THE
AUDIT COMPANY
OF NEW YORK.
City Investing Building
165
Broadway
Telephone 6780 Cortland.
Audits and examinations.
Appraisals of values of lands, buildings,
machinery, etc.
Financial and cost systems of accounts.
WESTERN OFFICE
Now York Life
Building, Chicago
July 23
1910.]
THE CHRONICLE
gittBiuctal.
im
£taxitjcixt.
TO HOLDERS OF
The Union Discount Co. of
Preferred Stock of
39
London, L’t’d.,
OORNHILL, LONDON, E. C.
BUFFALO & SUSQUEHANNA
RAILROAD COMPANY
Gable addreee,
“UD1BCO, LONDON.”
Capital Subscribed, $7,600,000,
In 150,000 Shares of $50 each, on which $25 have been
Paid up,
Referring to its notice dated May 16 1010, the
Committee, acting under the deposit agreement
dated May 12 1910, announces that more than a
majority In amount of the preferred stock has
been deposited under said agreement, and has
extended the time for the deposit thereunder of
the remaining shares of said preferred stock until
AUGUST 8 1910, AFTER WHICH DATE NO
STOCK
WILL
BE
RECEIVED
EXCEPT
Reserve Fund,
ON
Copies of the said agreement
be obtained from the depositary or from
Secretary of the Committee.
The Hon. Wm. Henry Goschen.
Sir Thomas Jackson, Bart.
Sub-Manager.
may
Dr
To
BALANCE
$7,500,000 00
Amount paid,
$25 per Share
EVANS,
JOSEPH S. FRELINGHUYSEN,
"
$3,750,000 00
2,900,000 00
.
Reserve
Fund
Provident Re¬
serve Fund.
Committee.
Loans
HUGH RANKIN, Secretary,
46 Cedar Street, New Y~ork City.
DAVID RUMSEY,
JOLINE LARKIN & RATHBONE,
and
M
De¬
"
cies
92,170,955 06
Bills Re-dlsc’t’d.24,018,707 90
Mortgage Bonds
Loss for Ap¬
propriation
OF THE
Fund-.
9,011,815 62
Discounted, Ac
Sundry Debit Balances
93,715,231 70
13,980 23
Freehold and Leasehold Prem¬
ises, Fittings and Furniture,
at cost, less Depreciation
written off half-yearly
590,137 08
698,818 62
100,000 00
598,818 62
$124,552,351 41
Notice Is hereby given to the holders of the
above bonds that the Hoboken Land & Improve¬
ment Company has made arrangements with the
Hudson Trust Company, to purchase up to
$500,000 par value of the bonds at par and
accrued interest, If presented at the office of the
Hudson Trust Company,
51 Newark Street,
To Current
Expenses,
including Salaries,
Improvement Company, No. 1 Newark Street,
Hoooken, N. J., on or before October 1st, 1910,
together with $20 per bond.
The new mortgage will be for $2,000,000 and
will be secured by property at an assessed value
of more than $4,000,000.
Upon depositing said bonds a proper receipt
will be Issued by the Hoboken Land & Improve¬
ment Company, and on November 1st, 1910,
the holder thereof will receive on demand and
presentation of said receipt at the office of this
Company, No. 1 Newark Street, Hoboken, N. J.,
a bond or bonds of the new Issue as called for In
the receipt.
Holders of the bonds due November 1st, 1910,
who do not desire to sell said bonds before
August 1st, 1910, or to exchange said bonds In
accordance with this notice should present their
bonds for payment at the First National Bank
of Hoboken, N. J., on November 1st, 1910.
For further Information apply to Hoboken
Land & Improvement Company, No. 1 Newark
Street, Hoboken, N. J.
Dated Hoboken, N. J., July 21, 1910.
.
*
**
‘
“
are hereby notified- that under reserved
rights expressed In said bonds, the above-named
Railway Company will on the first day of Decem¬
ber, 1910, retire all the bonds above named,
secured by the above-named
mortgage, which
bonds
and mortgage bear date December 1st,
1900, and whose maturity Is July 1st, 1950, save
the bonds already paid and retired, the total
issue of said bonds being $1,500,000. and
bearing
numbers 1 to 3,000, both inclusive.
On or before said date you are
required to have
all such bonds and their unpaid interest
coupons
at the office of the Agents of the Bank of Mon¬
treal, No. 31 Pine Street, New York City, at
which time and place the bonds will be
redeemed
and by
paying
all Interest earned and accrued thereon to
date
of redemption.
Payment will be made to the registered holders
of the bonds if registered; otherwise to bearer.
THE GRAND TRtJNK WESTERN RAILWAY
By CHAS. M. HAYS, President.
Montreal, Canada, April 18th, 1910.
due,
1,211,977 59
carried
761,197 59
$1,571,501 78
W
B. HOBBS
Secretary.
W. T.
BRAND,
R. BALFOUR.
\ Directors
$1,571,501 77
Balance brought down..
$373,818 62
The Company discounts approved Bank and Mercantile Acceptances, receives
Money on Deposit;
and grants Loans on approved Negotiable Securities at rates which can be ascertained on
application
at the Office, and effects Purchases and Sales of Government Stocks, Shares, and other Securities
on the usual terms.
LONDON, E. C., Sth July, 1910.
$5=£1
To the Holders of
WESTIN6H0USE ELECTRIC & MANUFACTURING CO.
TRREE-TERR S% COLLATERAL NOTES, DRE AUGUST 1,1910
Michigan and Indiana, U. S. A.
Trustees:
not
$359,524 18
Gross Profits for the half-year,
after making provision for con¬
tingencies
Cr.
698,818 62
To the Holders
You
$111,485 57
forward to New
Account
Reserve Fund
$100,000 00
Dividend for the halfyear at the rate of
12 per cent per an¬
num, free of In¬
come Tax
225,000 00
Balance carried for¬
ward to next Ac¬
count'
373,818 62
The Grand Trunk Western Railway Co.
of Income Bonds of the above-named
Company, secured by an income mortgage to the
Colonial Trust Company, and W. G. Crabill.
"
_
**
The Hoboken Land & Improvement Company
will give In exchange for the above-mentioned
bonds its new 20-year 5% First Mortgage Gold
Bonds, on the basis of par for the present bonds,
and 102 for the new bonds; provided the holders
deposit their bonds with the Hoboken Land &
ending 30th June, 1910.
By Balance brought forward from
31st Dec., 1909
Rent and Taxes,
Directors’ Fees,and
all other charges.
Rebate of Interest
on Bills discounted
before August 1st, 1910.
$124,552,351 41
Profit and Loss Account for the Six Months
Dr.
—OR—
counts
Bills
761,197 58
Due November 1st. 1910.
paying 85% of the principal,
17,308,760 42
Less Transfer
to Reserve
Hoboken Land and Improvement Go.
by
$3,912,426 36
British Government, Indian
Government and other Se¬
curities-Loans on Securities at call and
short dates, and other Ac¬
116,189,662 96
Rebate on Bills
Discounted
Balance at Credit
of Profit and
__
A Corporation of
**
352,672 25
posits, Includ¬
ing
provision
for contingen¬
Counsel.
Cr.
By Cash
at Bankers.
“
150,000 Shares
of $50
BERGEN,
BLISS,
or
SHEET, 30TH JUNE, 1910.
Capital Account,
HENRY
Hoboken, N. J., on
Secretary.
W. B. HOBBS
the
WALTER P.
To Holders of First
Christopher R. Nugent.
Henry Oppenheim.
CHRISTOPHER R. NUGENT.
Assistant Sub-Manager.
Foreign Dept. Manager,
F. NEVILL JACKSON.
O. BERGEL.
E. C. STEVENSON
Dated, New York, July 21 1910.
J. N. WALLACE, Chairman;
FRANK
$3,760,000
2,900,000
DIRECTORS.
Manager.
be made with the CENTRAL TRUST COM¬
PANY OF NEW YORK, 54 Wall Street, New
.
Shareholders, 2,837.
Arthur John Fraser.
are to
City.
...
Robert Balfour, M. P.
William Thomas Brand.
Sir William Dunn, Bart.
SUCH CONDITIONS AND PENALTIES AS
THE COMMITTEE MAY IMPOSE.
Deposits
York
.
Number of
*
paid.
.
Notice Is hereby given that the above Notes will be paid on and after August 1, 1910,
upon pre
sentatlon and surrender of the same at the office of the Mercantile Trust Company, 120 Broadway
New York.
In order to provide iiy?art for the funds required to pay the above $6,000,000 Notes, this Com¬
pany has sold to Messrs. Kuhn, Loeb & Co. a new Issue of $4,000,000 face value of Three-Year 6%
Collateral Notes, due August 1, 1913.
The remaining $2,000,000 will be provided from surplus treas¬
ury funds.
Holders of the maturing Notes are referred to the advertisement of Messrs.
Kuhn, Loeb & Co.;
printed hereunder, for the terms on which maturing Notes may be exchanged for the new Notes.
*
WESTINGHOUSE ELECTRIC & MANUFACTURING CO.
New York, July 8, 1910.
By T. W. SIEMON, Treasurer.
August 1, 1913.
For full particulars as to the new Issue of Notes, reference is made to a letter from Robert Mather;
Esq., Chairman of the Board of the Westlnghouse Electric & Manufacturing Company, copies of which
may be obtained from the undersigned.
This offer is subject to withdrawal without notice.
KUHN, LOEB & CO.,
New York,
July 8, 1910
William and Pina S«raats
XIV
THE CHRONICLE
(VOL.
LXXXil.
fjitxatucial.
*
*
$2,000,000
The
Manila
Railroad Company
(Southern
Lines
First Mortgage Four Per Cent Gold Bonds
Principal payable May 1, 1939
interest payable May 1st and November 1st
The Government of the
interest per annum on
endorsement
on
each
Philippine Islands guarantees payment of 4 per cent
the face value of the above $2,000,000 Bonds by
bond, by virtue of Act of Congress of the United
States of America
Coupon Bonds of $1,000 each, with privilege of registration
the principal and exchangeable for Bonds registered as to both principal and
payable In New York in U. S. gold coin, or, in the
Bond, without deduction for any tax or taxes which the Company
may be required to pay thereon, or to retain therefrom, under any present or future law of the United
States, or of any State, County or Municipality
therein, or any law at any time obtaining in the Philippine Islands.
as to
interest.
Fully registered Bonds re-exchangeable for Coupon Bonds.
Both principal and Interest
case of Coupon Bonds, at the holder’s option, In Foreign Currencies, as stated In the
As stated in the
drawn at that price.
Mortgage, Bonds may be purchased for the Sinking Fund at not exceeding 110 and interest, or may be
The entire issue of Bonds, but not any part thereof (except where the redemption takes place by draw¬
ings under the Sinking Fund provisions), is subject to redemption, at the option of the Company, at 110 and accrued interest,
on
any
interest date
on
three months’ previous notice.
THE UNDERSIGNED WILL RECEIVE SUBSCRIPTIONS FOR THE ABOVE BONDS
AT 86% AND ACCRUED INTEREST TO DELIVERY.
The subscription will be closed at three o’clock P. M. on Tuesday,
July 26, 1910, or earlier, the right being reserved
reject any application and to award a smaller amount than applied for. The undersigned reserve the right to close the
subscription at any time without notice.
to
A first payment of $50 in New York funds per $1,000 bond subscribed for must
accompany all
balance of the amount due on bonds allotted upon
subscriptions will be payable in New York funds
subscriptions. The
on August 1, 1910,
at the office of the undersigned, when the bonds will be delivered
upon surrender of the allotment letter duly endorsed.
If no allotment be made, the first
payment will be repaid in full, and if only a portion of the amount applied for be
allotted, the balance of the first payment will be applied toward the amount due on August 1, 1910. No interest will be
allowed on such first payment.
Failure to pay the balance of the subscription price when due will render the previous
payment liable to forfeiture.
The
Secretary of the U. S. Treasury authorizes the statement that
“The First
Mortgage Four Per Cent Gold Bonds of The Manila Railroad Company (Southern Lines), issued
in 1910 and guaranteed as to interest by the
Philippine Government,will be accepted by the Treasury Depart¬
ment as security for deposits of the public money of the United States in National Banks on the
same terms as
the bonds of the Philippine Railway
Company, at ninety per cent of their market value, but not to exceed
ninety per cent of their par value, whenever further deposits are to be made.”
Under said terms these bonds may be substituted at any time for any bonds now on
deposit to secure
public moneys,
except United States bonds and the Philippine, Porto Rico, District of Columbia and Territory of Hawaii bonds. The
Treasury Department, when the deposit of public moneys with the various National Banks is reduced, will require that
State, city and railroad bonds be withdrawn before the Philippine Railway Company and The Manila Railroad
Company
(Southern Lines) Bonds, but will require that the Philippine Railway Company and The Manila Railroad
Company (Southern
Lines) Bonds be withdrawn before the United States, Porto Rico, District of Columbia and Territory of Hawaii bonds are
withdrawn.
The U. S. War
Department has authorized the following statements:
“Pursuant to Act No. 1493 of the
Philippine Commission, enacted May 24th, 1906, amended by Act No.
are legal investment for the Philippine Postal
Savings Bank.”
Philippine Government has granted a concession to The Manila Railroad Com¬
1620, enacted March 22d, 1907, these bonds
“In view of the fact that the
pany for the construction of certain
railroads, and has executed the contract of guaranty of the interest of their
bonds, and in view of the fact that the Philippine Government realizes the paramount necessity
of railroads for
the welfare of the Philippine people, and in view of the intense interest which
the Philippine Government takes
in the success of the enterprise undertaken
by The Manila Railroad Company, the Secretary of War authorizes
the Bureau of Insular Affairs to receive
subscriptions for these bonds.”
For information
Manila Railroad
as to this issue of bonds, reference is made
to a letter from Horace L. Higgins,
Esq., President of The
Company, and to the mortgage, copies of which may be obtained at the office of the undersigned.
Subscriptions will be received simultaneously:
in Washington, D. C., by the Bureau of Insular Affairs, U. S. War
Department;
in London, by Messrs. Speyer Brothers and Hongkong & Shanghai
Banking Corporation.
Application will be made to list the bonds
New York,
July 23, 1910.
on
the New York and London Stock
Exchanges.
SPEYER & CO.
JULY
231910.]
THE CHRONICLE
xy
l*ittsrojclal.
$250,000
Lehigh & Wilkesbarre Coal Co.
Consolidated
Mortgage Gold 4s, Due June 1, 1925
Guaranteed by
The Central Railroad of New Jersey
as
to both
Authorized issue
principal and interest by endorsement
$20,000,000, maturing $2,500,000 each 5
on
each bond
from 1915 to 1950
years
Free of Tax in Pennsylvania
1. Secured
by direct mortgage on the entire property of the Company subject
$2,691,000 bonds maturing in 1912 and to be refunded by this issue.
Lands owned are estimated to contain 460,000,000 tons of merchantable coal.
Net earnings for the year ended June 30, 1909, amounted to
approximately
two and a half times interest and
sinking fund charges.
The stock of the Central Railroad of New Jersey, which guarantees these
bonds, is quoted at 260 to 285.
to
2.
3.
4.
Price
Application, Yielding 4.40%
on
Further
Information
on
Request
White, Weld & Co.
Nassau St.
New York
5
giwiUettd®.
gittirtctids.
F. H. DAVIS, Treasurer.
gotices.
PACIFIC GAS & ELECTRIC COMPANY.
Notice is hereby given that a meeting of the
Board of Directors of this Company has been
called for eleven o’clock a. m. on August 1st, 1910,
for the purpose of declaring a dividend of ONE
AND 50-100 DOLLARS ($1 50) per share upon
the preferred capital stock of this Company for
the
period beginning May 1st and ending July 31st,
1910, payable by check on the 15th day of
August, 1910, to the stockholders of record at
eleven o’clock a. m. on the 1st day of August,
1910.
Owners of such preferred stock evidenced
by certificates Issued in the name of any other
person should have the same transferred on the
books of the Company and new certificates Issued
In their own names on or before eleven o’clock
a. m. of August 1st, 1910, if
they desire dividend
checks made payable to themselves.
D. H. FOOTE,
Secretary of the Pacific Gas & Electric Co.
EXPERIENCED BOND MAN WITH WELLEQUIPPED OFFICES
IN
PHILADELPHIA
WISHES TO REPRESENT OUTSIDE HOUSE
ON
SALARY
AND
COMMISSION
BASIS.
ADDRESS “C.” CARE “CHRONICLE.” P. O.
BOX 958. N. Y.
Municipals Wanted
Will pay best market price for Kansas Muni¬
cipal Bonds. Want especially bonds In Wilson,
Montgomery,
Kingman and Morris Counties.
Cowley,
Topeka, Kansas
GUSTAVUS MAAS
20 BROAD STREET
Telephone 1528 Rector
WILL BUY
Consolidated Rubber Tire Co. 4s
ONE-HALF PER CENT on the First Preferred
and TWO AND ONE-HALF PER CENT on the
Second Preferred Capital Stock, payable at this
office September 1st, 1910, to stockholders of rec¬
ord at 3 o’clock p. m. on Monday, August 1st,
1910.
CHARLES F. COX, Treasurer.
THE
BALTIMORE & OHIO RAILROAD
COMPANY.
Office of the Secretary.
Baltimore, Md., July 14, 1910.
The Board of Directors this day declared from
the net earnings of the Company for the six
months ended June 30, 1910, a dividend of Two
(2) Per cent
The
Board
of
Directors
have
declared
the
regular quarterly dividend of 1 H per cent on Its
Capital Stock, payable July 30th, 1910, to the
Stockholders of record at the close of business
the Preferred Stock of the Com¬
1910.
The Board also declared from the
ings of the Company
surplus
earn¬
dividend of Three (3) Per
Cent on the Common Stock of the Company, pay¬
able September 1, 1910, to the stockholders of
record at the close of business on August 1, 1910,
.
July 23rd, 1910.
The transfer books will be closed at 12:00
o’clock noon July 23rd, and will be re-opened at
10:00 o’clock a. m. August 1st, 1910.
Dividend checks will be mailed.
T. K. STUART, Assistant Treasurer.
on
pany, payable September 1, 1910, to the stock¬
holders of record at the close of business on August
1,
OFFICE OF THE CONSOLIDATION COAL CO.
Baltimore, Md., July 14th, 1910.
a
The transfer books will not close.
C. W. WOOLFORD, Secretary.
THE
ATCHISON TOPEKA & SANTA FE
RAILWAY COMPANY.
New York, July 8, 1910,
The Board of Directors has declared
a
dividend
(being dividend No. 21) on the COMMON STOCK
Company of ONE DOLLAR AND FIFTY
CENTS (81.50) per share, payable September 1,
of this
THE GUANAJUATO POWER & ELECTRIC CO.
Hagerman Building. Colorado Springs, Colorado.
PREFERRED DIVIDEND NO. 8.
A dividend of TWO AND THREE-TENTHS
PER CENT (2 3-10%) upon the preferred stock
this Company has been declared, payable
August 1st, 1910, to stockholders of record on
the books of the Company on that date.
The transfer books will be closed on July 18,
1910, and re-open on August 2, 1910.
LEONARD E. CURTIS. Treasurer.
THE H. B. CLAFLIN COMPANY.
Church and Worth Streets,
New York, July 19th, 1910.
A quarterly dividend of ONE AND ONEQUARTER PER CENT (1H%) on the First
Preferred Stock and ONE
AND ONE-HALF
PER CENT (1H%) on the Second Preferred
Stock of this Company will be paid August 1st,
1910, to holders of record at the close ofbusiness
1910, out of surplus net Income, to holders of said
COMMON Stock registered on the books of the
Company at the close of business on July 29,1910.
Dividend cheques will be mailed to holders of
COMMON Stock who file suitable orders therefor
at this office.
C. K. COOPER, Assistant Treasurer.
5 Nassau Street, New York City.
NEW YORK ONTARIO & WESTERN
RAILWAY COMPANY.
New York, June 28th, 1910.
The Board of Directors of the New York Ontario
Western Railway Company have declared a
dividend of two (2) per cent upon the Common
Stock, payable on August 15th, 1910, to Stock¬
holders of record on July 30th, 1910.
The Transfer Books will be closed at twelve
o’clock noon on July 30th, 1910, and reopened
at ten o’clock a. m. on August 16th, 1910.
R. D. RICKARD, Secretary.
&
Monday, July 25th, 1910.
D. N. FORCE. Treasurer.
Sumner,
Kelly & Kelly
Established 1868
§lvi&tuAs.
NEW YORK CHICAGO & ST. LOUIS RR. CO.
Grand Central Terminal, July 13, 1910.
The Board of Directors of this Company have
declared semi-annual dividends of TWO AND
of
WLxutt&.
Chautauqua,
Rookery
Chicago
MINNEAPOLIS & ST. LOUIS RAILROAD CO.
Coupons due August l 1910 from Minneapolis
& St. Louis RR. Co. five per cent gold notes will
be paid after that date at the office of the company,
25 Broad Street, New York.
Kansas
The
.
AMALGAMATED COPPER COMPANY.
42 Broadway, New York, July 21 1910
a meeting of the Board of Directors of the
Amalgamated Copper Company a dividend of Onehalf of One Per Cent (H of 1%) was declared,
payable August 29th 1910 to stockholders of
record on the books of the Company as of 12
o’clock noon, July 30th 1910.
A. H. MELIN, Secretary and Treasurer.
At
UNITED DRY GOODS COMPANIES.
Hoboken, N. J., July 19, 1910.
A quarterly dividend of TWO PER CENT
(2%) will be paid August 1st, 1910, to holders
of the Common stock of United Dry Goods Com¬
panies of record at the close of business Monday
July 25th, 1910.
MOSES ELY,
Secretary.
THE PULLMAN COMPANY.
DIVIDEND NO. 174.
A quarterly dividend of Two Dollars per share
from net earnings will be paid August 15th, 1910.
to stockholders of record at the close of business
July 30, 1910.
Checks will be mailed.
A. S. WEINSHEIMER, Secretary.
Chicago, July 20, 1910.
THE KANSAS CITY MEXICO & ORIENT
RAILWAY CO.
Kansas Cfty, Missouri, July 11th, 1910.
Coupons of the First Mortgage Bonds of the
Kansas City Mexico & Orient Railway Company,
due August 1st, 1910, will be paid at the Ameri¬
can Exchange National Bank, 128
Broadway
N. Y.
E. E. HOLMES, Treasurer.
THE CHRONICLE
[Vox..
txxxxi.
gtttauxtal.
WE OWN AND OFFER, SUBJECT TO SALE, THE UNSOLD PORTION OF
$300,000
CHESTER, PA., m GENERAL IMPROVEMENT BONDS
TAX FREE IN PENNSYLVANIA
Legal Investments for savings banks in Pennsylvania, Massachusetts, Connecticut, Rhode Island,
Maine and New Jersey.
Dated July 1, 1910.
Denomination $1,000.
Interest
payable January 1 and July 1 at the office of the City Treasurer, Chester, Pa.
MATURITIES
$100,000
due July 1, 1915
$100,000 due July 1, 1920
$100,000 due July 1, 1925
The
City of Chester is one of the most progressive cities in Pennsylvania. It is served by three
railroads, and in addition has most excellent river facilities, which afford the best of transportation
conveniences for its large manufacturing and mercantile institutions. It is about 13 miles from
Philadelphia. Population 40,000.
PRICE TO NET 4.10%
Send for
to
descriptive circulars of municipal bonds, tax free in various States, yielding from 4
5%.
list of corporation bonds is now available and will be furnished
upon request. These
bonds yield from 5*4% to 6%, and include railroad, irrigation, water-works, traction and other
A
new
public utility issues.
Many of these issues are guaranteed both as to principal and interest by the American Water
Company of Pittsburgh, Pa., whose capital and surplus is $6,500,000, and whose
net annual earnings are in excess of $650,000.
This company only guarantees bonds of companies
which it controls and operates, and there has never been a single day's delay in the
payment of
either the principal or interest of any bond which it has guaranteed.
Works & Guarantee
J. S. & W. S.
KUHN, Inc.
BANK FOR SAVINGS BUILD TNG,
PHILADELPHIA
Real Estate Trust Bldg.
PITTSBURGH
BOSTON
NEW YORK
CHICAGO
John Haneoek Bldg.
37 Wall Street
First National Bank Bldg.
[Yoi.. LXXXXI
THE CHRONICLE
gltratucial.
gfhxattjciafl.
Cotton.
WOODWARD
& STILLMAN
E.H.ROLLINS&SONS
COTTON MERCHANTS
]FVERSZOCOMB\NY
16 to 22 WILLIAM STREET,
BANKERS,
NEW YORK
Negotiate and Issue Loans for Rail¬
roads and Established Corporations.
Buy and sell Bonds suitable for
AMERICAN COTTON OP ALL GRADES SUIT¬
ABLE TO WANTS OF SPINNERS.
Established In 185ft.
Henry Hentz & Co.
Established 1876
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Investment.
206.LA SALLE ST, CHICAGO
Fiscal Agent
COMMISSION MERCHANTS
16 to 22 William Street, New
for Cities and Corporations
on Application
List
York.
'
Execute Orders for Future Delivery
COITON
At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
COFFEE
At the New York Coffee Exchange
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
GRAIN AND COTTON-SEED OIL
At the New York Produce Exchange
Hubbard Bros. & Co.
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
COFFEE EXCHANGE BUILDING
BOSTON
NEW YORK
CHICAGO
DENVER
SAN FRANCISOO
SEND FOR CIRCULARS.
HANOVER SQUARE.
PEABODY, HOOfiHTELING & CO.
NEW YORK
COTTON MERCHANTS
Liberal Advances Made
on
181 La Salle Street.
Cotton
Consignments.
CHICAGO.
F. H. PRINCE & CO.
BANKERS
[Eetabilahed 18654
Hopkins, Dwight & Co.
COTTON
md
COTTON-SEED OIL.
BOSTON, MASS.
QEO. H. BURR & CO.
COMMISSION MERCHANTS
Room 52 Cotton Exchange Building,
NEW YORK.
.
HIGH-GRADE INVESTMENTS
BANKERS
Commercial
43
Exchange Place
Paper
New York
-
Member* of New York and Boston Stock Bxehan—e
LEHMAN, STERN A CO.. Limited. New Orleans.
LEHMAN BROS.
Nos. 15-22 William Street. New York.
Members ej the Stock, Cotton, CoJ/ee
and Produce Exchanges, New
York.
Chicago
St. Louis
Boston
Philadelphia
Kansas City
San Francisco
Orders executed on the above Exchanges, as well in
New Orleans, Chicago and foreign markets.
Stephen M. Weld & Co.,
COTTON MERCHANTS,
82-02 Beaver
Street,
-
New York City
Sullivan Brothers & Co.
BONDS
Municipal and Corporation
First National
Bank Bldg.
Chicago
BONDS
427
50 Con trees St..
Ill Broadway
New York
Boston
CHESTNUT
»
STREET
PHILADELPHIA, PA.
BOSTON, PHILADELPHIA, PROVIDENCE
Liverpool, WELD & CO.
,
Bremen, ALBRECHT, WELD A CO.
Chas. S. Kidder & Co.
Siegfr. Gruner & Co.
MUNICIPAL & COR¬
PORATION BONDS
COTTON MERCHANTS
17 South William
Street,
RAY 6, CO.
COPELAND & CO..
COTTON BROKERS.
58 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
22
STREET,
CHICAGO
BANKERS
PHILADELPHIA
Street, New York.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
EXCHANGES.
COTTON PURCHASED FOR SPINNERS’ USE.
SMITH A HAYNE
Frank B. Hayne Bn Comraendum)
NEW ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW ORLEANS. NEW YORK
AND LIVERPOOL MARKETS.
on
Exchange
Investment Securities
Nassau
& Pine
Streets, N. Y.
ftmtDicH a Dominion
H. T. HOLTZ & CO.
preceding page.)
115 BROADWAY
Members New York Stock Exchange.
MUNICIPAL AND
CORPORATION BONDS
Cotton Brokers,
COTTON EXCH ANGE BUILDING.
(Other cotton cards
Members New York Stock
NEW YORK
"robertTmoore^TcoT
56 Beaver
Now York
-
BONDS FOR INVESTMENT
COTTON MERCHANTS
-
Broadway,
HOLLISTER, FISH & CO.
GWATHMEY &. CO.
-
71
Devitt, Tremble & Go.
FIRST NATIONAL BANK BLDG.,
CHICAGO
PHI LA. NATIONAL BANK BLDG..
Exchange Place,
& SONS
MEMBERS OF
NEW YORK STOCK EXCHANGE.
Successors to
GEO
W. T. HATCH
BANKERS AND BROKERS
182 LA SALLE
NEW YORE.
WILLIAM
[Established 1863.1
Correspondence Invited
171 LA SALLE STREET,
CHICAGO
United Bank Note Corporation Stocks
DICK BROTHERS & CO.
BANKERS AND BROKERS,
80 Broad St.,
York.
Members of N. Y. and Phiin.
I
New York, New Orleans and Liverpool Cottoa
Exchanges, New York Coffee Exchange
Stock*Exobaagea.
and Chicago Board of Trade.
GENERAL LIBRARY
UNIV. OF M1CU.
Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Electric Railway Section
Bankers’ Convention Section
State and
Copyrighted in. 1910 by WILLIAM B. Dana Company, New York.
VOL. 91.
NEW
Entered at N. Y. Post Office
YORK, JULY 23 1910.
gltxamclal.
g-ittauxial.
THE FARMERS’ LOAN & TRUST
Harvey Fisk & Sons
COMPARY
NEW
gittanxial.
YORK
Government,
Railroad
THE
The Company Is a legal depositary for
moneys paid into Court, and is author¬
ised to act as Executor, Administrator,
Trustee. Guardian, Receiver, and in all
other fiduciary capacities.
Acts as Trustee under Mortgages made
by Railroad and other Corporations, and
as Transfer Agent and Registrar of Stocks
and Bonds.
Receives deposits upon Certificates ef
Deposit, or subject te check, and allows
Interest on dally balances.
Manages Real Estate and lends money
on bond and mortgage.
Will act as Agent in the transaction of
any approved financial business.
Depositary for Legal Reserves of State
Banks and also for moneys of the City of
New York.
Fiscal Agent for States, Counties and
Cities.
16-22 WILLIAM STREET
475 FIFTH AVENUE
BANK
OF NEW YORK
PHILADELPHIA, represented by
JAMES H. CHAPMAN, 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
218 La Salle St.
BOSTON, MASS., represented by
JOHN B. MOULTON. 35 Congress St.
The National Park Bank
of New York
139
BROADWAY
N. W. HARRIS & CO
BANKERS
Organized 1856.
Capital.
Surplus and Profits
Deposits June 30,1910
.
.
$5,000,000 00
12,800,000 00
117,757,107 86
.
RICHARD DELAFIELD,
President.
GILBERT G. THORNE,
Vice-President.
Pine Street Corner William
NEW YORK
35 Federal St.. Beston
Receive
JOHN C. McKEON,
and
Vice-President.
Act
JOHN C. VAN CLEAF.
Vice-President.
MAURICE H. EWER.
Members of Richmond and Baltimore Stoek
NATIONAL
INVESTMENT SECURITIES
NEW YORK
PARIS
LIBERTY
and
Municipal Bonds
out the world
LONDON
NO. 2352
BANKERS
Foreign Exchange, Cable Transfers,
Letters of Credit, Payable through¬
City Section
second class mail matter.
as
Cashier.
WILLIAM O. JONES.
WILLIAM A. MAIN.
Asst. Cashier.
Asst. Cashier.
FRED’K O. FOXCROFT, Asst. Cashier.
deposits subject te oheok
allow
as
palities
letters
Interest
fiscal
and
of
balanoee.
for munici¬
corporations. Issue
on
agents
credit
and
deal
•
In
BONDS FOR INVESTMENT
LIST ON APPLICATION
Exchanges.
John L. Williams & Sons
BANKERS
Corner 9th and Main Streets
RICHMOND, VA
THE
Edward B. Smith & Co.
MECHANICS AND METALS
BANKERS
NATIONAL BANK
INVESTMENT SECURITIES
altknore Correspondents:
MIDDENDORF, WILLIAMS & CO.
33 Wall Street
GARFIELD NATIONAL BANK
N. E. Cor. Broad & Chestnut Sts..
Fifth Avenue Building
Capital,
Surplus,
Corner 5th Ave. and^23rd St„ New York.
Capital, $1,006,000
Members New York and Phlla. Stock Exchanges
...
-
$6,000,000
6,000.000
Philadelph
27 Pine Street. New York
Surplus, $ 1,000,000
RUEL W. POOR, President
JAMES McCUTCHEON, Vice-Pres.
WILLIAM L. DOUGLASS. Cashier
ARTHUR W. SNOW* Asst. Cashier
ORIGINAL CHARTER 1829
THE
Chase National Bank
Clearing House Building
Cap. & Surp., S12.472.531
Dep„ 192.787.537
A. B.
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
HEPBURN, President
A. H. Wlggin, V.-Pres.
B. H. Miller, V.-Pres.
H. M. Conkey, Cashier
C. C. Slade. Asst. Cash.
E. A. Lee, Asst. Cashier.
W. E. Purdy. Asst. Cash.
A. C. Andrews. Asst. Cashier
OF RAILROAD, GAS AND ELECTRIC
LIGHT AND POWER COMPANIES
100-111 SOUTH FOURTH STREET
PHILADELPHIA
OF THE CITY OF NEW YORK
....
Capital
$1,060,000
Surplus and Profits (earned)
2,450,00$
OFFICERS
THE
EQUIPMENT OF THE
FOURTH NATIONAL BANK
OF THE CITY OF NEW YORK
—CORNER NASSAU AND PINE
STREETS— IS
of
ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS
First National Bank
SAMUEL WOOLVERTON, President
ADRIAN ISELIN JR.. Vtoe-Preddent
GEORGE B LEWIS. Cashier
HOWELL T. MANSON. Assist. Cashier
Philadelphia
DIRECTORS
,
315
CHESTNUT STREET
ACCOUNTS
INVITED
Adrian IseUn Jr.
Chas. A.
Frederic W. Stevens
Samuel
Alexander H. Stevens
Charles H. Tweed
W. Emlen Roosevelt
Thomas Denny
Peabody
WooJvertcn
THE CHRONICLE
II
[VOL. LXXXXI
MvMtuvs *n£ 3##»*** ft UoneeiBU g*ctiattge.
Coppell & Co., Kidder, Peabody & Co.,
I. P. MORGAN & CO. Maitland,
DOMESTIC AND FOREIQN BANKERS
Wall Street, Corner of Broad
52 WILLIAM STREET
NEW YORK
NEW YORK
BKEXEL & CO,
PHILADELPHIA
Corner .f fth and Chestnut Streets
MORGAN, GRENFELL & CO, LONDON
^HARJEjT
56 WALL
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
BilZs o/ Exchange,
Letters
No. 32 Old Broad Street
HG*GAN,
115 DEVONSHIRE
& CO., PARIS
Telegraphic Tranefere, INVESTMENT SECURITIES.
of Credit
FOREIGN EXCHANGE.
Deposits received subject to Draft
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange, Commercial Credits
Gable Transfers
Otatmiar Letters for Travelers available in all parts
of the world
A Smiths Bank, Limited.
London,
Messrs. Mallet Freres & Cie., Paris.
Banco Nacional de Mexico
Union
London
of
And its Branches.
Agents for the Bank of Australasia, the Brllish
Git1 aa Bank, Demerara, etc., etc.
TRAVELERS’ LETTERS OF CREDIT
Available throughout the United
LETTERS OF CREDIT
Correspondents of
BARING
BROTHERS
PHILA.
NEW YORK.
BOSTON.
59 Wall Street
BANKERS,
ALEX. BROWN & SONS, BALTIMORE.
Connected by Private Wire.
Memo. N. Y., Phlla., Boston & Balt. Stodk Exch’s.
Buy and sell first-class Investment Securities on com- | nuPCtm pnt
mission.
Receive accounts
of Banks, Bankers, Corpora- ri
* *
tlons, Firms and Individuals DCClUTtlCS
on favorable terms.
Collect
drafts drawn abroad on all points in the United
Skates and Canada: and drafts drawn In the United
States on foreign countries. Including South Africa.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT.
No. 23 NASSAU STREET.
Members New York Stock Exchange.
_
Buy and sell Bills of Exchange
end make cable transfers on all
T
LiCllClS
f
at
|
_
i •
points. Issue Commercial and
.r#»rl It Travelers* Credits, available in
v^I v,vi.lt. an
parts of the
world.
BROWN, SHIPLEY & CO.. LONDON
27 Pine Street, New York
BANKERS
Seligman & Co.,
BANKERS
NEW
YORK
Buy and Sell Investment Securities
Agents and Correspondents of the
Letters of Credit for Travelers,
Available in all Parts of the World
Issue
Messrs. ROTHSCHILD.
London. Paris and Vienna.
ISSUE LETTERS OF CREDIT
DRAW BILLS OF EXCHANGE AND MAKt
for Travelers
TELEGRAPHIC TRANSFERS OF MONEY
Available in all parts of the world.
Yf
EUROPE AND CALIFORNIA
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE, Cuba, and the
other West Indies, Mexico and California.
Seligman Brothers, London
Freres & Cie., Paris
Seligman
Execute orders for the purchase and sale of
Bonds and Stocks.
Alsberg, Ooldberg & Co., Amsterdam
The Anglo and London*Paris National
Bank of San Francisco, Cal.
Graham, Vaughan & Co.,
44 Pine Street, New York.
BANKERS
TA1LER&CD
LTD.
00.
States
August Belmont & Co.,
_
ft
LONDON
J. & W.
Brown Brothers & Co.,
STREET, NEW T0RX
BANKERS
on
SllBoiilevard Hausstnann
STREET, BOSTON
IRedimmd&Ca.
INVESTMENT SECURITIES
BANKERS
MEMBERS NEW YORE STOCK EXCHANGE
81-38 Fine 8treet, New Torn
•24 Fifth Are.. N. Y.
Lawrence Turnure A Co.
507 Chestnut Street. Philadelphia.
Cables “Mimosa.”
Bankers
INVESTMENT
SECURITIES
Letters
Deposits received subject to draft.
Members of the New York Stock Exchange
Winslow, Lanier & Co.,
London Bankers:—London Joint-Stock Bank,
Limited.
Paris Bankers:—Heine A Co.
Allowed
on
Subject
to
Deposits.
Bought and Sold
Bills of
Deposits
Exchange and Cable Transfers.
received
subject
interest allowed
on
to cheque
deposits.
and
'
t
Members New York Stock Exchange.
Securities bought and sold on commission.
Act aa Fiscal Agents.
Dealers In High-Grade Investment Securities.
NEW YORK
Produce
BANKERS
Deposits Received
Interest al¬
lowed on deposits.
Securities bought and sold on
commission. Travelers’ credits, available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections in and
Issue drafts and cable transfers on above countries.
59 CEDAR STREET
NEW YORK
of Credit and Travelers’ Cheques,
available the world over.
64-66 Wall Street, New York
Lists upon application.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Draft.
Interest
Securities
on
Capital
Surplus earned
Foreign
Exchange
-
-
-
-
$1,000,000
500,000
bought
sold.
and
Cable
Commission.
Transfers.
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
foreign Exchange. Letters of Credit
ACCOUNTS INVITED
Kean, Taylor & Co.
BANKERS
435 Chestnut Street
PHILADELPHIA
HEIDELBAGH, ICKELHEIMER & CO.
BANKERS.
Government
Securities
and
Municipal Bonds,
of
Railroads, Street
Railways and Gas companies
37 William Street.
BANKERS
Graham &Co.
of established value.
MEMBERS N. Y. STOCK EXCHANGE.
SO PINE
Transact
a
STREET, NEW YORK
Qeneral Foreign and Domestic
Banking Business
Dealers in Investment Securities
John Munroe & Co.,
YORK
BOSTON
Execute orders for purchase and
Stocks and Bonds.
Foreign Exchange Bought and Sold.
Uoumerotal Credits.
Foreign Exchange.
Gable Transfers.
MUNROE ft CO„ Paris
Act
as
Financial Agents
Issue Foreign and Domestic Letters ot
Credit and Travelers’ Cheques
Issue Commercial and Travelers’ Credits
available in all parts of the world.
Schulz & Ruckgaber,
BANKERS.
15 William Street,
Members New
„
Letters of Credit for Travelers
sale of
-
York
-
-
Stock
-
Knauth, Nachod&Kiihne
BANKERS
New York
Exchange.
Correspondents of Messrs.
Fruhllng & Goschen, London.
Berenberg-Gossler & Co., Hamburg.
Marcuard, Meyer-Borel & Gle., Paris.
John
Bremer Bank Filiale der Dresdner Bank,
Bremen.
Issue Commereial & Travelers’ Oredits.
Buy and Sell Bills of Exchange.
<-aWe Transfers & investment Securities
NEW TOBK
LEIPS1G, GERMANY
Members New York Stock Exchange.
INVESTMENT
SECURITIES
July 23
1910.]
THE CHRONICLE
SauKctJS.
hi
gaukers.
Millett.Roe & Hagcp
Lee, Higginson&Co.
BANKERS
Wm. A. Read & Co.
BOSTON
New York
6l CO.
Dealers in
Members New York, Chicago and Boeton
Stock Exchanges.
HIGH-GRADE BONDS
Prince's Street,
I Bank Buildings,
Members New York Stock
Investment Securities
LONDON, E. C.
R*w York
BANKERS.
Chicago
HIGGINSON
S3 Wall StrMt
Exchange
Boston, 15 Congress Street
25 NASSAU STREET,
NEW YORK
Plympton, Gardiner & Co.
BOSTON
BALTIMORE
N. W. HALSEY & CO.,
CHICAGO
LONDON
Bankers
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed
Conservative Investments
Fiscal
on
Deposit Aooounts
Agents for Cities and Corporations
LISTS ON REQUEST
27 William St., New York
m La Salle Street,
CHICAGO
54 Old Broad Street,
LONDON, E. C.
40
Rhoades&Company
Wall Street, NEW TORE
Philadelphia
Chicago
San Francisco
BANKERS
George P. Butler & Bro
46 WALL STREET, NEW YORK
Si Wall Street
Members N. Y. Stock Exchange
High-Grade Bonds
Trowbridge & Co.
Stati, Municipal
and
NEW YORK
RAILROAD AND OTHER
Railroad
INVESTMENT SECURITIES.
BANKERS
Members New York Stoek
Exchange
Members New York Stock Exchange; Execute
Commission Orders; Deposits received subject to
draft.
Letters of Credit and
Bonds and Stocks
Available
Cor. of Wadi and Broad Sts.. New York.
Draw Bills of Exchango and mako Cable
•Transfers to Europo, Asia, Australia, the
•West Indies, Central and South America and
i
Travelers’ Checks
for Investment
H. B. HOLLINS & CO.
Throughout the World
.
HARTFORD—86 Pearl Street
NEW YORK
111
NEW HAVEN
Broadway
134 Orange St.
Issue Letters of Credit for Travelers, abat¬
able in all parts of the world.
Goldman, Sachs & Co.
BANKERS
€0 WALL STREET,
NEW YORK
Members of New York Stock Exchange.
Exchange Place,
purchase and
uleof StocksaodBonds.
Buy and Sell Foreign Exchange.
CABLE ADDRESS “GOLDNESS.”
14 State Street,
NEW YORK
Issue
NEW YORK CITY
Commercial and Travelers’
Letters of Credit
Mambers New York ds Boston Stock
Zimmermann & Forshay
Exchanges
and
Commercial Paper
BOISSEVAIN & CO.
ment or on
A GENERAL BANKING
STOCK EXCHANGE B USINESS.
Specialists in
Foreign Government Bonds*
206 La Sallo Street
-
-
CHICAGO
margin.
BIRD S. COLER
Corporation and Collateral
Commercial Paper
Loans
Letters ef Credit issued
BANKERS
Transfers
to
all
Parts
of
the
World.
L_
CRAMP, MITCHELL & SHOBER
BANKERS
Philadelphia
Members New York and Phlla. Stock Exchanges
w
34 LaSalle St.
CHICAGO
43 CEDAR ST„ NEW YORK
INVESTMENTS
1411 Chestnut St.
also
INVESTMENT SECURITIES
Members New York Stock
Exchange
and Boston Stoek
Exchange.
W. N. COLER &, CO.
Cable
bankers
LEONARD H. HO LB
Foreip Exchange Bought and SnM
AND
BOND & GOODWIN
Member* New York Stock Exchange.
Exchange.
TRANSACT
Broadway
Wollenberger & Co.
Orders executed for stocks and bonds for invest¬
Adolph Beisserain & Co..
Amsterdam. Holland.
NEW YORK
all offiese
Correspondence Invited.
9 and 11 Wall Street. New York.
BROAD STREET.
NEW YORK.
BOSTON
Private wires connecting
BANKERS
BANKERS
Ill
Hospital Street, Montreal, Que.
10 Federal Life Bldg., Hamilton, Ont.
10S Banlgan Bldg.. Providence, R. X.
DEALERS IN
Seturitlee
COMMERCIAL PAPER
INVESTMENT SECURITIES
Si Congress St.
74 State Street
BOSTON
20 King Street, West, Toronto, Ont.
InooeOmeat
Members New York Stoek
New York and Boston Stock Exchanges
Available In all parts of the world.
and other XUNIOIPAL BONDS
24
Head & Co.
Members of
4
BOSTON
Dealers In
Charles
17 Broad Street
NEW YORK
Executes orders for
Blake Brothers & Co.
SS
Mexico.
investment Securities
Shoemaker, Bates & Co.
BANKERS
(New York Stock Exchange
New York Cotton Exchange
Chicago Stock Exetoamge
INVESTMENT
SECURITIES
37-43 Wall Street, New York
Waldorf-Aitoria and 500 Fifth Ava., Ntw Ytffe
R«tl Ertat, Tr. Bldg., Phil*.
THE CHRONICLE
IT
[Tol.
LXXXXI
Canadian.
MONTREAL
DEUTSCHE BANK The Union Discount Co. BANK OF
(Establiahed 1817)
BERLIN. W.
of London, Limited
CAPITAL paid in
$14,400,000 00
-
Behrenstrasse • to IS.
89 CORNHILL.
Telegraphlo Address, Udlsoo, London.
CAPITAL
M. 200.000.000.
RESERVE
J’
-
M. 106.726.164.
l47.61S.0a0
Capital Subscribed
Paid-Up—
I2S.172.8S5
*
Reserve Fuad
Dividends paid during last ten yean:
11: Hi 11. 11. 12. 12. 12. 12. 12. 12X per cent
/
Brandies:
BREMEN. DRESDEN. FRANKFORT-O-M..
HAMBURG.
LE1PSIC.
MUNICH.
NURBMBURG. AUGSBURG.
WIESBADEN.
BRUSSELS. CONSTANTINOPLE
and the
Bank
(Beilin) London Agensy
4 George Yard. Lombard St.!
LONDON, E. 0.
'
87.500.000
NOTICE IS HEREBY
GIVEN that * the
RATES OF INTEREST allowed tor money on
deposit are as follows:
At Call. IX Per Cent.
At 5 to 7 Days' Notice, 1H Per Cent.
NEW
(85.857.000)
M. 22.600.000.
(81.625.000)
M.
R. Y. HEBDEN,
1
W. A. BOG,
[Agents.
J. T. MOLINBUX.J
Buy and sell Sterling and Continental Exchange
The London City &
Midland Bank, Limited,
With
Branches In all the Principal Cities and
Towns of England and* Wales.
Telegraphlo Address: Cinnabar, London.
ESTABLISHED 1886
(67.1U.000)
RESERVE FUND
YORK OFFICE,
No. 64 WALL STREET
CHRISTOPHER R. NUGENT. Manager.
(Deutsche Ueberseelsche Bank.)
PAID-UP CAPITAL
^
and Cable Transfers; grant Commercial and Trav¬
elers’Credits, available In any part of the world:
Issue drafts on and make collections In Chicago and
throughout the Dominion of Canada.
London Offi&, No. 46 & 47 Threadneedle St.
F. W. TAYLOR, Manager.
HEAD OFFICE
BANCO ALEMAN TRANSATLANTIC
M. 80.000.000.
Head Office—Montreal
Rt. Hon. Lord Strathcona and Mount Royal.
G. C. M. G., Q. C. V. O.—Honorary President.
Hon. Sir George Drummond.
K. C. M. G.. C, V. O.—President
Sir Edw. Clouston, Bart.—V.-Pres. & Gen Mgr.
The Company discounts approved bank and
mercantile acceptances, receives money on de¬
posit at rates advertised from time to Mme, and
grants loans on approved negotiable securities.
5 Threadneedle Street, London, England.
BOB SCRIBED CAPITAL
12,000,000 00
681,661 44
UNDIVIDED PROFITS,
8.750.000
2,900.000
85= £1 STERLING.
-
REST
6.627.000.
HEAD OFFICE
SUBSCRIBED
CAPITAL, $96,741,700
CAPITAL, - - 19,946,187
RESERVE FUND,
17,961,668
PAID-UP
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BERLIN
Eanonlerstrasse 29 to 80.
Merchants' Bank of Canada
HEAD OFFICE MONTREAL
CAPITAL
Rest and Undivided Profits
NEW
86.000.006
4,602.157
YORK OFFICE, 63 and 65 Wall St.
W. M. RAMSAY. lAgents.
C. J. CROOK ALL./
147 branches in the Provinces of Quebec, Ontario;
Manitoba, Saskatchewan, Alberta and British
Columbia. Good facilities for effecting prompt m4lections in Canada. Buy and sell Sterling Bxonange
and Cable Transfers. Issue Commercial and Trav¬
elers’ Credits available In any part of the world.
London Agents—Royal Bank of Scotland.
Canadian Bonds
Branches:
ARGENTINA: Bahla-Blanea, Buenos Aires.
Cordoba, Tuouman.
BOLIVIA: La Paz, Oruro.
SHILI: Antofagasta, Concepcion, Iquique.Osorno,
Santiago, Temuco, Valdivia, Valparaiso.
PBRU: Arequlpa, Callao, Lima, Trujillo.
MUNICIPAL AND CORPORATION
WOOD, GUNDY A CO.
Berliner
Handels-Gesellschaft,
URUGUAY: Montevideo.
SPAIN: Barcelona. Madrid.
Bills sent for collection, negotiated or
BERLIN, W.,64
advanced upon.
Behrenstrasse 32-33 and Franzoslsehe-Strasse 42
Drafts, cab le- transfers "and letters
of credit issued.
London Agents
BBUTSCHE BANK (BERLIN) LONDON AG’Y
•BORGE YD, LOMBARD ST., LONDON. E.C.
Tslegraphic Address—Handelschaft. Berlin
TORONTO
CANADA
W. GRAHAM BROWNE & CO.
MONTREAL
ESTABLISHED 1856
BANADA
Canadian Bonds Bought, Sold and
Banking Transactions of Every Description
Direction der
Disconto-Gesellschaft,
ESTABLISHED 1851
Capital,
-
-
Reserve,
-
-
-
-
-
-
M. 34,600,000
Swiss Bankverein
Schwelzerlscher Bankverein
Bankverein
$40,476,200
Agencies at Rorschach, Chlasso and Herlsau
M. 170.600.000.
$14,307,764
LONDON OFFICE, 43 Lothbury, E. C.
60,092,611.
With the unlimited personal liability
of the following partners:
A. SOHOELLER,
M. SOHINCKEL,
Dt. A. SALOMONSOHN.
E. RUSSELL.
F. URBIG,
Capital paid
Surplus,
CAPITAL
Bank fur Chile und
Deutschland
CAPITAL
At. 10.000.000 00
HAMBURG, WITH BRANCHES IN CHILE
(BANCO DE CHILE Y ALEMANIA), ANTOFA¬
GASTA, CONCEPCION, SANTIAGO, TEMUCO,
VALDIVIA, VALPARAISO, VICTORIA; AND
IN
BOLIVIA (BANCO DE CHILE Y ALESECCION BOLIVIAN A), LA PAZ
AND ORURO.
MANIA.
LONDON AGENTS:
DER DISCONTO-GBSELLSCHAFT. 68, CORNHILL. E. €
DIRECTION
l
«
Frs.62,800,000
.
....
Brasilianische bank
The
fUr Deutschland
At. 10.000.000 00
Head office: HAMBURG.
Bvaaehes: RIO DE JANEIRO, SAO PAULO.
SANTOS. PORTO ALEGRE, BAHIA.
up,
85
Codes:
Europe
Tel. Address, Voco.
Hartfield’s Wall St., W. U. & Lleber.
Suisse
Basle, Zurich, St Gall, Geneva
f>M.
HAGUE, HOLLAND
Place American Investments in
LONDON. E. C..
-
VAN OSS &. CO.
THE
POTSDAM. WIESBADEN.
CAPITAL, fully paid,
IfAdceljjtt.
M.110,000,000
BERLIN W, 48-44 Behrenstrasse
BREMEN, FRANKFORT-o-M., MAINZ.
HOOHST-o-M.. HOMBURG v. d. H..
53 CornhlH.
Appraised
Frs. 16,330,000
Hong Kong & Shanghai
BANKING CORPORATION
Paid-up Capital (Hong Kong Currency)
Reserve FundJ In Gold
115,000,0001
\In Silver.. 16,500.000/
..816.000,008
30,600,000
Reserve Liabilities of Proprietors.
16,000,008
GRANT DRAFTS. ISSUE LETTERS OF CREDIT.
NEGOTIATE OR COLLECT BILLS PAYABLE IN
CHINA. JAPAN, PHILIPPINES. STRAITSISETTLEMENTS, INDIA,
WADE GARDNER, Agent. 86 Wall St.
Wiener Bank Verein
-
National
Discount
Company, Limited
CORNHILL.
-
-
-
LONDON. E. C.
Cable Address—Natdls: London.
Subscribed Capital
Paid-up Capital
Reserve Fund
821.166.625
4.233.325
2,200,000
(85= £1 STERLING.)
NOTICE IS HEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
At Call, IX Per Cent Per Annum.
At 8 to 7 or 14 Days'
Notice, 1H Per
Cent.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised
from time to time and for fixed
periods upon
specially agreed terms.
Loans granted on approved
negotiable securities.
PHILIP HAROLD WADE, Manager.
ESTABLISHED 1869
CAPITAL
(fully paid)
-
$26342,00$
-
(136,000,000 crowns)
RESERVE FUNDS
-
■
-
(39,000,000 crowns)
$7,900,0M
HEAD OFFICE VIENNA (AUSTRIA
Branches in Austria-Hungary
Agram, Aussig a-E., Bielitz-Biela,
Brunn, Budapest, Carlsbad, Czernowitz, Friedek-Mistek, Graz, Innsbruck,
Klagenfurt, Krakau, Lemberg, Marienbad, Meran, Pilsen, Prag, Przemysl,
Prossnitz, St. Poiten, Tar now, Teplitz,
Teschen, Villach, Wr. Neustadt
Branch in Turkey
Constantinople
JTTLY 23
1910.]
THE CHRONICLE
V
©atuudfem.
THE
CANADIAN BANK
OF COMMERGE
HEAD OFFICE. TORONTO
PAID-UP CAPITAL
SURPLUS
Mackay & Co.,
U9.000.000
6.000,000
Edward Sweet & Co.
NEW YORK OFFICII*
Nes.
AND 18 EXCHANGE PLACE
Wm. ©ray and G. D. Mackintosh, Agents
16
Members N. Y. Stock Exchange
Buy and SeR Sterling and Continental Exckange and Cable Transfers. Commercial and
Traveler’s Credits. Collections made at all points.
Banking and Exchange business of
scription transacted with Canada.
every
Bankers & Brokers
de¬
,
34 PINE STREET
LONDON OFFICE—2 Lombard Street, E.<J.
BANKERS IN GREAT BRITAIN.
The Bank of England.
The Bank of Scotland,
Lloyd’s Bank. Limited.
Union ef London and Smith’s Bank. Limited.
BANKERS
,
Members of the New York
Stock Exchange. Dealers in
High-Grade Bonda and other
Investment Securities. In¬
terest allowed on deposits.
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1854
NEW YORK
The Bank of
British North America
Established In 18S6
Incorporated by Royal Charter In 1840
PnM-op Capital-
£1.000.000 Starting
500,000 Sterling
Reserve Fund---
ESTABROOK & CO.
BANKERS
Head Office:
6 Graoechureh Street, London, E.G.
»
C. Meredith & Co., Limited
Electric
Members New York and Beaton
Stock Exchanges
New York Office: 58 Wall Street.
H. M. J. McMICHABL.l Agents.
W. T. OLIVER,
/
Buy and sell Sterling and Continental Exchange
Md Cable Transfers.
Grant Commercial and
Travelers' Credits, available in any part of the
©Orhl.
Issue Drafts on and make Collections
IB all parts ef the United States and Canada.
WE OFFER
15 State Street,
24 Broad Street,
HARTFORD
BOSTON
HEW YORK
-
BALTIMORE
MEREDITH,
W. H. ST AVERT.
Vice-President.
G. W. FARRELL. Secretary-Treasurer.
A. H. B. MACKENZIE. Manager.
CHICAGO
R. L. DAY & CO.
37 WaH St
.
35
NEW YORK
HIGH-GRADE INVESTMENT BONDS
CORPORATION, LIMITED
Montreal
London, Bog.
Travelers' Cheques and Letters of Credit
Interest
M STATM ST..
94 BBOAB STW
BOSTON
NBW YORK
NEW BEDFORD
NORWICH
New York
DERTRON, GRISCOM & JENKS
BANKERS
Land Tide Building.
40 WaH Skoal;
NEW YORK
PHILADELPHIA.
Members
Boston^jmd New York Stock
INVESTMENT SECURITIES
H. AMY & CO.
HUNT A, CUSHMAN
LIMITED
Investment Seeurltlea
Trustees-Transfer Agents
Canadian Corporation Bonds
35
Congress St., BOSTON
Effingham Lawrence & Co.
DEALERS IN
Railroad, Street By., Oaa ft Bee. Light
Alfred Mestre & Co.
BANKERS
BANKERS
III BROADWAY, NEW YORK
St., N.w York
Street, New York*
INVESTMENT SECURITIES
BUS of Exchange.
Letters of CrMH<
Members N. Y. Stock Exchange
CANADA
HOBENPYL. WALBRIOGE & CO.
BANKERS.
44 and 46 Wall
BOND DEPARTMENT
to Check
Tucker, Anthony A Co.
INVESTMENT TRUSt CO.
SECURITIES
Deposits Subject
Bigelow & Company
THE
7 Wall
on
SECURITIES
BANKERS
Exchanges.
MONTREAL
NEW YORK
49 Wall Street
BANKERS & BROKERS
Toronto
71 BROADWAY
INVESTMENT
Canadian
Investment Securities
DOMINION SECURITIES
(Md-U, Capital and Surplus. S4.SM.0N)
BOSTON
Members New York and
Boston Stock Exchanges
CORRESPONDENCE SOLICITED
Gorrespondenoe Solicited
Congress 88
Munlelpal and Railroad
MONTREAL
Bankers and Investment Dealers
Proven Public Utility Securities
ELECTRIC BOND & SHARE CO.
President.
DIRECTORS:
ALFRED BAUMGARTEV C. R. HOSMBR
Oapt. D. C. NEWTON (Montreal)
H. ROBERTSON
©. B GORDON
Light, Power and Street
Railway Enterprises with records
of established
earnings
INVESTMENT SECURITIES
Bead Brokers aid Financial Ageats
OB AS.
WE FINANCE
Bonda and Guaranteed Stooke
Orders Executed in all Markets.
D. H. Schmidt & Co.
Members
New
York Stock Exchange.
Investment Seourltlea
ST WILLIAM
STREET
Members of the New York
Stock Exchange.
Dealers
in
Municipal, Railroad and
Equipment Bonds.
Interest allowed on deposits
Subject to Draft.
37 Wall St.
NEW
YORK
NEW YORK
180 S. 16th 88.
PHILADELPHIA
.
THE CHRONICLE
Y1
Ssttfuvs
gtotuer* outside Hew
PITTSBURGH.
LOUISVILLE.
PITTSBURGH SECURITIES
J. J. B. HILLIARD & SON
LOUISVILLE.
A
We Buy and Sell
J. C. WILSON
NASHVILLE.
Pittsburgh, Pa.
HENRY S. FRAZER
Local Stocks and Bonds
L. L. McClelland.
Sec. & Trees.
PAID-UP CAPITAL. <500.000
INVESTMENT SECURITIES
CHILDS & CHILDS
STOCKS AND BONDS
NASHVILLE.
SECURITIES.
TENN.
Branch, Coronado Hotel. Coronado Beach.
Correspondents,
Harris, Winthrop a Co.. New York 8 Chicago.
BARROLL & CO.
BONDS
Union Bank Building,
AUGUSTA.
PITTSBURGH, PA.
JOHN W. DICKEY
Taylor & Company
H. W. HeBman Bldg..
Merchants’ Exch. Bldg,
San Francisco.
Los Angeles.
Lumbermen’s Bldg., Portland
BROKER
NEW YORK
Singer Bldg.
S58 Fourth Ave.
AUGUSTA. GA
Southern
Wakefield, Garthwaite & Co.
Sacurltl.a
PACIFIC COAST SECURITIES
Request* for Information
INVESTMENT SECURITIES
TVs Invite
WANTED
PHILADELPHIA
r. G. HOPPER,
Exchange.
WILLIAM
ROOK AND BOND BBOKBB8
I South Third Street,
PHILADELPHIA
our
spestal attention.
ATLANTA
CITY
HUNTOON
THE ROBINSON-HUMPHREY GO.
ATLANTA, GEORGIA
Specialists in
CO.
BONDS
Land Title Bldg.
They yield
a higher rate of interest than bonds
same merit issued in the East.
the
et
Correspondence Invited.
LOS ANGELES. CAL.
Joseph Ball Company
Orders executed tor
the purchase and sale ef
BONDS AND STOCKS
WE OWN AND OFFER
INACTIVE SECURITIES
421 Chestnut St.,
Philadelphia. Pa.
&
ATLANTA
Write for Circular No. 152
f PHILADELPIA STOCK EXCHANGE
EMBERS! NEW YORK STOCK EXCHANGE
l CHICAGO BOARDfcOF TRADE
E. B. JONES
OF
MUNICIPAL AND PUBLIC SERVICE
CORPORATION
4)4% BONDS
Philadelphia.
'
A
James H. Adams & Co.
CALIFORNIA BONDS
Chestnut and Third Sts.,
REED
BUSH
In-
aTcoT-
w. sparks
LOS ANGELES.
AUGUSTA, GA.
nrmatlon cheerfully furnished icgardlng present
sidings or proposed Investments.
”j.
E.
SAN FRANCISCO
Member The Stock and Bond Exchange
and Stocks
Wm. G. Hopper & Co.
Investments receive
1st Nat. Bank Bldg..
Offerings of Southern Bonds
H. S, HOPPER;
Members of Philadelphia Stock
LOS ANGELES
SAN TRAN0IS0O
Bankers and Broken
New York and Pittsburgh Stock Exchanges
and Chicago Board of Trade
and
(New York Stock Exchange.
MEMBER!Chicago Board of Trade.
[Stock and Bond Exchange, S. F.
Private Wire to Chicago and New York.
THOS. PLATER & CO.
ACom bcrs
PITTSBURGH
PACIFIC COAST SECURITIES A SPECIALTY
LOUISVILLE, KY
Incorporated
HL P.
BONDS
SAN FRANCISCO.
S. & W. S. KUHN
INVESTMENT
Municipal and Corporation
STOCKS AND BONDS
INVESTMENT SECURITIES
(NO STOCKS)
of
PHILADELPHIA
PORTLAND
John W. & D. S. Green
INVESTMENT BONDS
Uses S. Kuhn.
President.
MORRIS BROTHERS
Specialty
Correspondent!: WALKER BROS., 71 B’way. N. Y.
ESTABLISHED 186S
i
kY.
INVESTMENT BONDS
STREET RAILWAY SECURITIES
Men jera New York and Pittsburgh
Stock Exchanges
PITTSBURGH, PA
PORTLAND, ORE.
BANKERS AND BROKERS
BROS
ROBINSON
[VOL. LXXXXI
Members Los Angeles Stock
'MUNICIPAL BONDS
Exchange
Yielding 4k% and upwards
485*434-435-436-437 SECURITY BUILDINO
HILLYER INVESTMENT CO.
ATLANTA, GEORGIA
LOS ANGELES
DENVER, COL
WILLIAM R. STAATS CO.
PHILADELPHIA
Established 1887
CALVIN BULLOCK
NORFOLK, VA.
MOTTU & CO.
DENVEB
Established 1892.
BANKERS
Municipal and Corporation Bonds
TO YIELD
CITY TRAMWAY
BONDS
4% TO 6%
Descriptive Circulars
on
Request
LOS ANGELES
AND BROKERS
NORFOLK, VA.
B. W.
Strassburger
SOUTHERN INVESTMENT SECURITIES
BIRMINGHAM, ALA.
PASADENA
MONTGOMERY.
FIELDING J. STILSON CO.
atvxsnuBT noDBimi
MEMBERS
LOS
ANGELES STOCK EXCHANGE
LOS ANGELES.
MONTGOMERY, ill.
Otto Marx & Co.
BANKERS
AND
BALTIMORE
BROKERS
COLSTON, BOYCE & CO
BIRMINGHAM. ALABAMA.
STOCKS AND BONDS
Members Baltimore Stock Exchange
INVESTMENT BONDS
MEYER & GOLDMAN
SOUTHERN SECURITIES
STOCKS AND BONDS
OFFICES:
PROVIDENCE.
BIRMINGHAM, \
MONTGOMERY.!
MUNICIPAL AND CORPORATION BONDS
to
We have bonds which
ington, may be used by
86 Madison Avenue,
-
-
86
NEW JERSEY.
EDWIN R. CASE
NEW
TENN. and New York.
tax-exempt in Wash¬
Washington
banks to an*
County. City or State Deposits netting
SIX PER CENT.
Such bonds of the Pacific
Northwest earn a high rate, and are suitable for
Eastern banks, trustees and private Investors.
Exchange Street, Providence, B. I.
Bonds, Stocks and Local Securities.
Private wires to Boston, Philadelphia
6%
are
cure
Richardson & Clark
Local Stocks and Bonds.
GEORGE H. TILDEN A CO.
ALABAMA
JNO, L. NORTON
MEMPHIS,
SEATTLE.
VVyyWVrtiVNArt(VVWVV>^lVVVVVVVVVVVWV^A^VVVWVVVS^VVVVVVVVVVVVVVVVVVVV*
JERSEY
SECURITIES
Re better State
No better Securttlee
15 EXCHANGE PLACE
Tali. S66 and T51
JERSEY CITY
July M
1910.]
THE CHRONICLE
vn
jankers and gttrfeew outside Hew
CHICAGO.
ST
CLEVELAND.
LOUIS.
—
GREENEBAUM SONS
BANKERS
FRED. S. BORTON
T. E. BORTON
R. C. ENWRIGHT
BORTON
BORTON
&
Dated July 15, 1910.
Due July 15, 1930.
Optional July 15
1920. Assessed valuation
$2,245,470.
Bonded debt $57,000. Population
14,000.
Price to yield 4.40 Per Cent.
INVESTMENT SECURITIES
LISTED AND UNLISTED
Corner Clark and Randolph Streets. Chicago.
High-Grade Investment Securities.
STOCKS AND BONDS
Chicago First Mortgages and Bonds for sale.
OF CLEVELAND AND NORTHERN OHIO
MEMBERS CLEVELAND STOCK EXCHANGE
Issue Letters of Credit for travelers, available In
all parts of the World.
GUARDIAN BUILDING
A General Domestic and Foreign Banking Business
Correspondence Solicited.
Hayden, Miller & Co.
F. Harris & Co.
Sanford
INVESTMENT SECURITIES
THE
MISSOURI SCHOOL BONDS
$32,000
Moberly
5% Bonds
$23,000
Salem
5% Bonds
$20,000
Charleston
5% Bonds
Dated May 15, 1910.
Due May 15, 1930.
Optional May 15, 1915. Assessed valuation,
$681,872.
Bonded debt $26,500.
Population
3,000.
County Seat of Dent County.
Price to
yield 4.50 Per Cent.
Dated July 1, 1910.
Due July 1, 1930.
Op¬
tional July 1, 1920.
Assessed valuation $1,060,029.
Bonded debt $38,000.
Population 3,600.
County Seat of
Mississippi
yield 4.50 Per Cent.
Investment Bonds
$3,500
Citizens’ Building.
CLEVELAND. OHIO
ROOKERY
CHICAGO
County.
Kennett
Price
to
5% Bonds
Dated May 1, 1910.
Due $500 May.l, 1916,
1919 and 1923.
Due $1,000 May 1, 1924 and
1925.
Assessed valuation,
$720,632. Bonded
debt, $13,500. Population 2,774. County Seat
of Dunklin County.
Price to yield 4.50 Per Cent.
CINCINNATI.
A. O.
Slaughter & Co.,
BANKERS a BROKERS
189 MONROE STREET.
CHICAGO,
8ew York Coffee Exchange,
ew York Produce Exchange.
Chicago Stock Exchange.
Chicago Board of Trade.
St. Louis Merchants’ Exchange.
Allarton, Greene A King
THE ROOKERY. CHICAGO
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
Co.,
COMMERCIAL PAPER
CHICAGO
CINCINNATI
The Short, Stanton, Worthington Co.
HIGH-GRADE
Municipal and Corporation Bonds
BOUGHT AND SOLD
Union Trust Building,
FRIEDLANDER
DEALER IN
Cincinnati Securities
CINCINNATI.
City Ry. & Light Issues.
Western Municipals.
Local Securities.
SAINT PAUL
Minnesota Transfer Ry. 5s, 1916
St. Paul Gas Light Co. 5s, 1944
Correspondence Invited on
all Northwestern Securities
ScCwia
[New York Stock Exchange.
fNe
Rochester Stock Exchange.
SPECIALISTS
Board of Trade.
ROCHESTER
Dally Lists Mailed
on
SECURITIES
50%
JOHN
Stock Bonus
particulars
fer
A.
ALBERT P. MILLER Jr.
INDUSTRIAL TRUST CO. BUILDING
PROVIDENCE, R. I.
Local Securities
~
BUFFALO.
205 LaSalle SI.
OHIOAQO
•
DEALT IN
CIRCULARS AND UST ON APPUCATIOi
MINNEAPOLIS.
BONDS
MINNEAPOLIS—ST. PAUL
M; St. P. & S. Ste. Marie 4s
Duluth Missabe & Northern 5a
South Dakota Central 5s
Minnesota & Ontario Power 6s
Gas, Electric Lighting & Railway WELLS & DICKEY & CO
Bonds and Stocks
MINNEAPOLIS. MINN.
MUNICIPAL A CORPORATION BONDS
BODELL &
CO.
106 TO 209 BANIQAN BUILDING
PROVIDENCE
BURGESS
Member Rochester Stock Exchange
104-105 Wilder Bldg. ROCHESTER N. Y.
Compton Co.
MUNICIPAL
and other
HIGH-CLASS BONDS
Twin City
Write
ST. LOUIS
Stevens, Chapman & Co.
Application.
High Class 6% Bonds
-
Mehta .-Laclede Bldg.
ST. LOUIS
<$■ (&
PROVIDENCE.
Building
William R.
Bank Bldg., St. Paul
ROCHESTER, N. V.
BONBRIGHT & HIBBARD
TO
MARKETS
300 N. FOURTH ST.
Twin City Telephone Co. 1st 5s
State Savings
WIRES
PRINCIPAL
OHIO
City of St. Paul 4Hs
KANSAS CITY, MO
Special Attention to St. Louis Secnrittoi
CINCINNATI
H.
McCRUM
Investment Securities
PRIVATE
Twin City Rapid Transit 5s, 1928
jlta
‘Ticago
New York Oity
(Successor to Short. Stanton A Co.)
KANSAS CITY, MO.
INVESTMENT 00.
Members:
St. Louis, Mo.
WHITAKER & CO.
for Investment
8. W. Cor. Monroe & La Salle Sts., Chicago.
100 Powers
A. G. EDWARDS ASONS
Dealers In
EDGAR
(INCORPORATED.)
Kansas
CO.
Application
on
A. G. Becker &
W.
6c
High-Grade Bonds
ILL.
New York Stock Exchange.
New York Cotton Exchange,
IAot
WEIL, ROTH
Preferred Stocks
of Proven Value.
Bonds and
JOHN T. STEELE
Rapid Transit System Bonds
Minneapolis National Bank Stocks
Hinatucial.
NATIONAL
LIGHT,
HEAT & POWER COMPANY
GUARANTEED
BONDS
All Issues
BUFFALO, N. Y.
INDIANAPOLIS.
Government, Municipal
and Corporation Bonds
Joseph T. Elliott & Sons
A. H. Bickmore & Co.,
SPECIALISTS IN
Investment Securities
BANKERS
Buffalo and Western New York Securities
Members Indianapolis Stock Exchange
American Nat.
Bank Bldg.,
INDIANAPOLIS
30 Pina Street,
New Yerlr
ALBANY, N.Y.
PETER J.
CALLAN
INVESTMENT BANKER
Local, Listed and Unlisted
STOCKS AND BONDS
REAL ESTATE
NEWTON
TODD
1 WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Fletcher Bank Bide..
INDIANAPOLIS
Bank and Trust
Company Stocks
NEW YORK AND BROOKLYN
BOUGHT AND SOLD
CLINTON
GILBERT
8 WALL ST.. NEW YORK.
▼Ill
THE CHRONICLE
[VOL.
LXXXX1
gattfceits atxrt g«olue*s.
ERVIN & COMPANY
A. B. Leach & Co.,
BANKERS
BANKERS
Members
149 Broadway, NEW YORK
SN§w
Stock Exchange,
j philar elphia 8tock Exchange.
BONDS FOR
140 Dearborn Street, CHICAGO
Drexel
NATIONAL BANK
OF CUBA
INVESTMENT.
Assets
Cash in Vaults
Building, Philadelphia.
Woo,000 00
-
-
-
-
26,700,000 00
5,800,000 00
HEAD OFFICE—HAVANA
Branches
Leng Distance Telephone No. L. D. 107.
28 State Street, BOSTON
84 GALIANO ST.. HAVANA.
226 MONTE ST., HAVANA.
PRODUCE EXCHANGE, HAVANA
Cheetnut & 4th St, PHILADELPHIA
GARDEN AS,
MATANZAS,
SANTIAGO.
CAIBARIEN,
SAGUA LA GRANDS:
CAMAGUEY,
SANCTI SPIRITUS,
CRUCES,
CIENFUEGOS,
PARKINSON & BURR
MANZANILLO.
GUANTANAMO.
SANTA CLARA,
PINAR DEL RIO.
CAMAJUANI,
CIEGO DE AVILA,
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
BANKERS
C. I. HUDSON & CO.
7 Wall Street
Ho*. 34-36 WALL ST., NEW YOBK.
NEW YORK
BOSTON
Members New York and Chicago Stock Exchange*
750 Main Street
TELEPHONE 8070 JOHN.
HARTFORD
PRIVATE
WIRES TO
E. W. CLARK & CO.
CITIES
SIMON BORG & CO.,
BANKERS
New York
-
OF
HAVANA
7. CUBA STREET
Members Phlla. and New York Stock Exchanges.
Interest allowed on deposits.
CARLOS DB ZALDO. President
JOSB I. DB LA CAMARA, Vlee-President
/■3ar£vP2^*c«
iFirst National ^
Bank.
New York Correspondents
George P. Schmidt
Member* of New York Steek BxChcunge
Specialty.
PHILADELPHIA
391 Chestnut St.
No. 20 Nassau Street,
BANK
BANKERS,
PRINCIPAL
a
Sole Depositary for the Funds of the Republic of
Cuba
Member American Bankers’ Association
Cable Address—Banco nae
Miscellaneous Securities
in all Markets
Collections
63State Street
J. Prentice Kellogg
William A. Lamed
Chas. H. Blair Jr.
Frederic Gallatin Jr.
Albert R. Gallatin
John E. Gardin }
Alvin W. KrechlNew York Committee
James H. Poet J
Acts as Cuban correspondent of Amerioaa
banks and transacts a general banking boelneee.
Capital, $1,000,000
SCHMIDT & GALLATIN
Members N. Y. Stock Exchange
HIGH-GRADE
111
Broadway
INVESTMENT SECURITIES
MEW YOBK CITY
Thomas L. Manson &rio.
McCURDY,
8TOOK BBOKEBii
Members N.
100
Y. and
Boston Stock
Broadway,
-
WEBB & CO.
HENDERSON & COMPANY
24 NASSAU STREET
Exchanges.
NEW YORK
MEMBERS M. Y. STOCK EXCHANGE
Transact
and Philadelphia
A. M. KIDDER & CO.
BANKERS
STREET. NEW YORK.
Established 1855
MEMBERS OF A. Y. STOCK EXCHANGE.
Allow Interest on deposits subject to sight check.
Buy and seM on oommlssten stocks and bonds, and
deal In
RAILROAD BONDS
GUARANTEED STOCKS
Henry G. Campbell
Edwin P. Campbell
James G. MaoLean
Campbell & Co.
11 WALL STREET. NEW YORK
Members New York Stock Exchange
Beeuritles Bought & Sold on Commission
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
WALKER BROS.
71 BROADWAY, N. Y.
Members M. Y. Stock Exchange
BANKERS and BROKERS
MEMBERS N. Y. STOCK
Hanover Bank
H. L. Finch.
W. S. TarbeU.
J. S. FARLEE & CO.
MEMBERS NEW YORK £TOCK EXCHANGE.
Brokers and Dealers in
INVESTMENT
11 WALL
SECURITIES
STREET. NEW YORK
11 PINE
STREET,
-
VICKERS &, PHELPS
29 Wall
Members
of
1862
1910
Jas. B. Colgate & Co.
Street, New York City.
York Stock Exchange
Investment
Bonds.
W. H. Goadby & Co.
Bankers and Brokers
NO, 74 BROADWAYj
NEW YORK
OREGON
Capital Fully Paid - - - $1,000,4)60
Surplus and Undivided Profits $600,000
OFFICERS.
W. M. Ladd, President.
R. S. Howard Jr., Aset. Cash
B. CooMagtiat, V.-Pre«. J. W. Ladd, Asst. Cashier.
W. H. Duncfcley, Cash.
Walter M. Cook, Asst. Cash.
Interest paid on Time Deposits and
Accounts of Banks, Firms, Corpora dons and Individuals
solicited.
We are prepared to furnish depositor*
every faeillty consistent with pood hanking.
JOHN H. DAVIS & CO.
BANKERS AND BROKERS.
Ns. 10 WALL STREET.
N. Y. and Phila. Stock Exchangee.
Orders for Stocks and Bonds executed a
poo all
Exchanges In this country and Europe.
Especial attention given to supplying hlgh-oi&si
INVESTMENT SECURITIES.
Interest Allowed
on
Deposits Subject to Checks
Cash orders only in stocks accepted
WM.
Members New York Stock
Exchange
111 BROADWAY
NEW YORK
Telephones
4490-1-2-3-4 Rector
M Wall Stmt. N.v York.
Members
N. Y. Stock Ex.
BANK
Established 1899
New
Simpson, Pearce & Co.
NEW YORK
•
Members
EXCHANGE
Building
&. TILTON
PORTLAND
Savings Accounts.
J. S. Farlee.
BONDS
William Herbert & Co.
NEW YORK
...
Genera] Banking and Stock
Exchange Business.
LADD
Pstrate Wires to Boston. Hartford. New Haren
H. G.
74 BROADWAY
a
Tel. 8500 Rector
S NASSAU
1HVBSTHENT SEOUBITIBS
E. & C. RANDOLPH
Members
Ill
New
Yerk
Broadway,
Stock
New
Exchange.
York.
Open Market Securities Department
HORACE HATCH, Manager.
Dealers ln|Investment and Other Securities of the
United States and Canada
FAHNESTOCK.
Momb. N. Y. Stock Ex.
T. J. MUMFORD
Fahnestock & Co.
Brokers
and Dealer* in
INVESTMENT SECURITIES
2 WALL STREET.
MELLOR & PETRY
Stocks, Bonds, Investment Securities
l«4 SOUTH FIFTH ST.,
Pfciladelphte
MEMBERS
NEW YORK STOCK EXCHANGE
PHILADELPHIA STOCK EXCHANGE
July 23
1010.]
THE CHRONICLE
ix
©UKttettl gotta gttqpaiwbeo.
WANTED
Glens Falls Gas & Electric 5s
Omaha Water Co. 5s and Stock
Seattle-Tacoma Power Co. Stock
Michigan-Lake Superior Power 5s
New Hampshire Elec. Ry. Stocks
Fresno City (Cal.) Water Co. 5s
Springfield Breweries 6s
York Haven Water & Power 1st 5s
Council Bluffs Water Works Co. 6s
Buffalo Lockport & Rochester ctfs.
Portsmouth Kittery & York 6s
H. C. Splller & Co.
FOR SALE
We Own and Offer
$25,000 Nashville & Decatnr Railroad
Price, 188 and Interest
5% BONDS
Dividends guaranteed 999 years by
Louisville & Nashville Railway Co.
Price
GOULDING MARR
Broker
NASHVILLE,
-
TENN.
-
Specialists in Inactive Bonds.
ST State Street
Boston
MUNICIPAL
RAILROAD
) 4%
to
CORPORATION S) 6%
-
FOB SALE
£
HOTCHKIN & CO.
BANKERS
Philadelphia
STREET. NEW YORK
Washington
Pittsburgh
INVESTMENT SECURITIES
STOCK EXCHANOB BUILDING. BOSTON
Telephone 3448 Main.
United Rys. of St. Louis 4s
Union 11. Lt.ft P. Oo. of 8t.L. 1st 5s
Union Kl. Lt.A P. Oo. of St. L. Ref. 5s
Laclede Gas Oo. of St. Louis 1st 5s
Laclede Gas Oo. of St. Louis Ref. 5s
Kan. 0. Ry.ft Lt. 6s & Underly. Sec’s
DEALT IN BY
FRANCI8, BRO. & CO.
Yield 4.60%
R. M. GRANT & CO.
BANKERS
31 NASSAU STREET
NEW YORK
Telephone 2817 Reetov
INSURANCE STOCKS
bonds
Lawrence Barnum & Co.
IT-39 PINE
to
Established 1864
Youngstown & Southern 5s, 1923
St. Louis Rocky Mt. & Pac. 5s, 1955
Muskegon Trac. & Lighting 6s, 1931 Selected ter
Conservative Investors.
Amer. Finance & Securities 6s
American Writing Paper 5s, 1919
Lists Mailed Upon Application.
Burlington Qas 5s, 1955
U. S. Envelope 5s, 1923
California Gas & Electric 5s, 1937
Toledo Railway & Light 4s, 1909
Hudson River Water Power, 1929
Hackensack, N, J
m% Stock
Fidelity, Phoenix, Home,
Niagara, Continental, &e,
BOUGHT AND SOLD
E. S. BAILEY
6g BROADWAI
NEW YORK
Florida East Coast 1st 434s, 1959
N. Y. Central 434% Equipments
Kansas City Southern 434% Equipts.
Buff. Roch. & Pitts. 434%
Equipts.
N. Y. Central 434% Equipments
WOLFF & STANLEY
“The Pledge of The
••w• Add. "MOWOLF” 27 William St.; N. Y.
Phones 6557-6658-6559 Broad
People”
WE OWN AND OFFER
Terre Haute & Western 5s, 1937
United El. Light & Pow. (Balt.)
434s
A New Investment
Pamph¬
let, of Vital Importance to
Every Buyer and Holder of
Municipal Bonds, Sent on Re¬
Lansing Fuel & Gas 5s, 1921
Michigan City Gas & El. 5s
quest.
OFFERINGS WANTED OF
Detroit City Gas Gen. 5s
Baltimore Electric Co. 5s, 1947
D. ARTHUR BOWMAN
Third National Bank Building
ST. LOUIS, MO.
H. L NASON A CO.
National Shawmut Bank Building.
Boston. Mass.
(B9FABLISHBD U77)
214 North 4th Stmt, ST. LOUIS
WANTED
Michigan State Teleph. 5s & Stocks
Pennsylvania Tax Free Securities
WILLIAM P. BONBRIGHT & COMPANY
George B. Atlee & Co
Bankers
119 S. Fourth St.
Nipe Bay Preferred
Standard Oil Cloth Com. & Pfd.
Members of the New York Stock Exchange
Colorado Springs
COLORADO
Philadelphia
Montreal Light, Heat & P. 4^s & 5s
BANKERS
BOUGHT AND SOLD
24 Broad Street
NEW YORK
New
London
ENGLAND
MALCOLM
OS
STUART
Broadway.
Telephone.
HEW YORK
1SS Rector
Railway, Gas & Electric
Portland Railway, Light A Power
Memphis Street Railway
ALL LOUISVILLE LOCAL SECURITIKf
S. C. HENNING & CO
IIS So. 5th St..
LOUISVILLE. KY.
71 Broadway
NEW YORK CITY
Specialize in Securities
Temple Iron
Klots Throwing
Spring Brook Water
Pa. Coal & Coke
Scranton Electric
Pa. Cent. Brewing
Northern Electric
Scranton Qas & Water
New Mexico Ry.& Coal Paint Creek
Collieries
Lacka. & W. V. R. T. W. B. & Wyo. V. Trac
BROOKS
&
BANKERS
CO.,
EMBERS NEW YORK STOCK
EXCHANGE
425 Sprue* St,
SCRANTON, PA.
S*c. Nat Bank Bid*..
WILKES-BARRE. PA.
Correspondents: EDWARD B. SMITH *
CO..
27 Pine St.. New York
City.
Nevada-California Power Co. bonds and stock
Denver & N. W. Ry. 5s and stock
Northern States Power Co.
Denver Qas & Electric 5s
Northern Idaho & Montana Power Co.
Coplay Cement Co. Common & Pref.
Norfolk & Western St. Ry. 5s
C. H. FARNHAM
27 STATE STREET. BOSTON
JAMES N. WRIGHT & CO
Commonwealth Pr Ry & Lt
Am. Tel. A Tel. Oonv. 4s, March 1986
Am. Tel. A Tel. Cell. Tr. 4s,
July 1929
If. Y. Telephone 434«, November 1989
GEORGE L. WARE
58 State St.. BOSTON
of
Chicago Subway
Scranton Railway
ZtXi
Butte Electric & Power Common
Tel. 984 Main
New River
U. S. Lumber
F. W. MASON & CO.
FOR SALE
Kirby Lumber Co. Com. & Pref.
Electric Power Securities
DENVER, COLO.
Union
Hampshire El. Rys., Com.& Pfd.
1
New York State Railways, common
Mohawk Valley Oo.
Stocks and Scrip.
Cent. Mex. Lt. & Power 6s & Stock
Elmira Water, Light & Railroad 5s
And Constituent Companies’
Stocks and Bonds.
Wm.
Hughes Clarke
415 Ford
Building, Detroit, Mich.
WANTED
Qrand Rapids Ry. Co. 1st M. 5% Bonds, due 1916
OFFER
St. Joseph Railway, Light, Heat & Power Co.
1st Mortgage 5% Bonds, 1937.
Peoria Qas & Electric 1st Mtge. 5s, 1923
Northern Indiana Qas & Elec. Cons. 5s, 1936
Public Service Corporation Gen. 5s, 1959
Norfolk & Portsmouth Traction 1st 5s, 1936
SAM U EL K. PH ILLI PS &.CO.
421 Chestnut St
Philadelphia
Members of Philadelphia Stock Exchange.
Sutton,
StrotherStreets
& Co.,
Calvert
and Qerman
BALTIMORE
Members of Baltimore Stock Exchange
St. Glair Co. Gas & Elec. Co. 1st Cons.
Childs Company, Common & Preferred
Connecticut By. & Lighting Bds.&Stks.
Mohawk Valley Company
N. Y. State Railways, com. & pref.
Tri-City Ry. & Light,
com.
& pref.
WURTS, DULLES & CO.
WM. M. CLARKE
Tel. 1015-16-17 Rector
SO Broad
St., N
6s, 1959
Mahoning & Shenango Ry. & Lt. Oo.
1st Ref. 5s, 1916
Chattanooga Ry. & Lt. Co., 1st A
Ref. 5s, 1956
125 S. FOURTH ST..
Y.
PHILADELPHIA
Telephone Lombard 1060-1061
[Vol. Lxxxai
THE CHRONICLE
X
(tinxvtut 'gouft gmytUtfUs.
Colorado
Springs & Cripple Creek District 5s
Cincinnati Hamilton & Dayton Gen. 43^s, 1939
New Mexico Railway & Coal 5s, 1946 & 1951
Pittsburgh Shawmut & Northern 4s & 5s
Galveston Houston & Henderson 5s,
Kewanee Green
Sloss Iron & Steel 6s
Slots Iron & Steel 4Ms
1913
Bay & Western 5s, 1921
G. W. Walker & Co
Chicago & Western Indiana 4s, 1952
Minneapolis & St. Louis 4s, 1949
Florida East Coast 43^s, 1959
BANKERS
93 Brood St,, Now Tor*
T#I. 100 Brood,
Wilkes=Barre & Eastern 5s, 1942
Gulf & Ship Island 5s, 1952
Central Vermont 4s, 1920
AND ALL OTHER SECURITIES DEALT IN
MINN. ST. P. & S. S. M. RY.
Consol. Mtge. 4% Bonds, due
J. LISMAN & COMPANY,
F.
CHESAPEAKE & OHIO RY.
1st Cons. M. 5% Bonds, due
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
BROAD
STREET,
ST. PAUL MINN. & MANITOBA RY.
Montana Ext. 1st 4% Bds, due 1937
NEW YORK
BANKERS
44 PINE STREET. NEW YORK
Members New York Stock Exchange
LIBBEY&STRUTHERS
55 Cedar Street
Robt.Qlendinning &Ce.
NEW YORK
Pittsburgh Wheeling & L. E. 4s
400 Chestnut Street. Philadelphia.
Somerset Coal 5s
Penn.
A. A. LISMAN &
CO.,
25 Broad St.. New York
Tel. 5950 Broad
PROCTER
&
1939
SUTRO BROS. & CO.
Land Title & Trust Go. Building, PHILADELPHIA
39 Pearl Street, HABTPORD
Toledo Traction Extended 6s
Toledo Ey. & Light 4a
Toledo Dark & Goal 5s
1938
BORDEN
BQUITABLE BUILDING. NEW YORK
Providence & Worcester 4s
N. Y. Providence & Boston 4s
4s, 1948
Western N. Y. & Pa. First 5s
Chesapeake & Ohio 4J^s
Central Pac*ific 33^s Houston & Texas Central 4s
Toledo Peoria & West. 1st 4s
Central Branch 4s, 1919
White Water Valley 4s, 1940
Long Island RR. Ferry First 44£s
Kansas City Ft. Scott & Memphis 4s
Wilkes-Barre & Wyo. Val. Tract. 6s
Wilkes-Barre Gas & Electric Go. 5s
Wyoming Valley Gas & Electric Co. 5s
Manufacturers' Water Go. First 5s
Westchester Lighting Go. First 5s
New Haven 6s
FOP
T. W. STEPHENS & GO
BANKERS
STREET, NEW YORK.
2 WALL
300
100
150
100
100
100
SAIF
Babcock & Wilcox
Childs Co. Preferred
Niagara Falls Power
Rubber Goods Mfg. Preferred
Singer Manufacturing
St. Louis Rocky Mt. & Pacific Preferred
FREDERIC H. HATCH & CO
30 BROAD STREET
-
-
NEW YORK
Tel. 5140 to 5153 Broad. Inclusive
Branch Office, 50 CONGRESS ST.. BOSTON
Bonds
Suitable
for Deposit with
of
State
Georgia by Insurance
Companies constantly on hand.
Interest allowed on accounts of
Individuals and
J.
BONDS
INVESTMENT
H.
HILSMAN
& CO.
Corporations
N. Y. N. H. & H. Deb. 4s, 1955
N. Y. N. H. & H. Deb. 4s, 1956
MUNICIPAL BONDS
Boston & Maine 4J^s, 1929
Legal for Savings Banks in New York State
Minn. Lynd. & Minn. 1st 5s, 1919
TO NET 4.25%
Col. New. & Zanesv. 1st 5s, 1924
Col. Buckeye L. & New. 1st *5s, 1921
FERRIS & WHITE,
N.Y.& Cuban Mail SS. 1st 5s, 1932
37 Wall St., N. Y.
WE WANT TO BUY—
Park & Tilford 6s
Somerset Coal 5s
Fairmont Coal 5s
Continental Coal Co. 5s
Kansas City Gas 5s
Mexican Irrigation Works 4 Ms
Cuban Government (Internal) 5s
N. Y. Tel.
43^s, 1939
Private
Wire
50 Stat. Street
& CO.,
Telephones, /Bell-Spruce21-31.
\Keystone-Race 205
Peoria & Pekin Union 6s, 1921
Peoria & Pekin Union 43^s, 1921
Southern Pacific Branch 6s
Beech Creek 1st 4s
Un. N. J. RR. & Canal 4s, 1923
BLAKE & REEVES
Tel. 1504 John
34 Pine Street. New York
Telephone 2417-8-9 John
Chicago & E. Ill. Equipment 43^s
Railroad and Other
Wabash Equipment 44£s
Pere Marquette Equipment
Investment Bonds
G
K. B
Tel. 6744 Hanover
Baker, Ayling & Company
M
74)4
West End Trust Bldg., Phlla., Pa.
Members of the Philadelphia Stock Exchange.
BOSTON
NEW YORK
34 Pin. Street
80 Broadway, New York
BONDS
REED A. MORGAN
-
Georgia & Pacific 6s
BURCESS, LANC & CO.
J. H. BECKER & CO.
Til. 985 Rector
WE QUOTE:
Baldwin Locomotive Works 5s, 99
Syracuse Light & Power 5s, 73
EMPIRE BUILDINQ, ATLANTA. QA.
Tel. 6327-8 Hanoxer
WE OFFER:
American Railways 5s, 1917
West Penn Rys. 5s, 1931
Omaha Gas 5s. 1917
Penna. Coal & Coke 5s (Series A), 1932
Pingree, McKinney & Co.
WADE
8
49 Wall Street.
July Investment List
Sent
on
44£s
Request
Congress Street,
Boston
Coal & Iron National Bank
Union Exchange National Bank
Royal Baking Powder Preferred
BOSTON
Philadelphia
Providence
CURTIS & SANGER
Members N.Y., Boston & Chicago
Boston
49 Wall Street
NEW YORK
Stock Exchanges
Chicago
LUTZ
26 Broad St.,
&
COMPANY
N. Y.
Tel. 273 Broad.
July 23
1910.]
TEE CHRONICLE
XI
^Bxnx^ ‘gnquivins.
i,,*«*»*^^^A^%^wwvw^W'*vvvvvvv\fuv\Aruvvvv‘irinnru‘Lnj
Delaware EE. Co. stock
St. Louis & San Francisco
Capital $5,000,000
4^s, 1912
Main Office:
Ayer Mills Equipment 43^s, 1911
American Cigar Co. 4s, B, 1912
Missouri Pacific
28 Nassau Street
Guaranty Trust Company
5s
conv.
Surplus $18,000,000
Established 1864
Western Electric Co. 1st 6s, 1922
General Eubber Co. 43^s, 1915
of New York
Glide, Wlnmill A Co.
Fifth Avenue Branch
Fifth Avenue & 43d Street.
BANKERS
20 BEOAD STEEET, N. T.
SAFE DEPOSIT VAULTS
Telephone 445-6-7 Rector
London
N. 7. Lack. & Western 1st 6s, 1921
L. Sh. & M. So. Deb. 4s, 1931, unlist.
33 Lombard
Union Pacific
Eefunding 4s, 2008
O., P. L. E. & W. Va. 4s, 1941
B. & O. Prior Lien 3J/£s, 1925
Illinois Cent., Western Lines 4s, 1951
Transacts
B. &
Municipal, Railroad
Beech Creek Coal & Coke 5s, 1944
Penn. Coal & Coke Co. Issues
O’Gara Coal 5s, 1955
United Zinc & Chemical 5s, 1928
Nassau & Suffolk Lighting 5s, 1935
‘American Thread 4s, 1919
Webster Coal & Coke 5s, 1944
Pana Coal 6s, 1915-1918
Western Pacific 5s, 1933
Western Electric 5s, 1922
Edward V. Kane & Co.
v
PATERSON & CO.,
&
COMPANY
United New
Jersey RR. & Canal Co.
3^8 & 4s
Michigan Central RR. Co. 1st 33^s
Audubon National Bank
Short Time Maturities
FREEMAN &OOMPANY
31 PINE
STREET. NEW YORK
DOUGLAS FENWICK & CO.
34 WALL ST
GUARANTEED STOCKS
110
Singer Mfg. Stock
47 Thompson-Starrett Com.
100 U. S. Motors Pfd.
15 Wells Fargo
,
Express
J. K. Rice. Ji*. & Co.
33 Wall
St.. N. Y.
Wisconsin Central Gen. 4s, 1949
Superior & Duluth 4s, 1936
~~
*
Norfolk & Western Div. 4s, 1944
B. & O. Prior Lien 3^s, 1925
OILMAN & CLUCAS
1st Nat. Bank Bldg..
34 Pine
NEW HAVEN. CT.
Street.
NEW YORK
Telephone 5089 John
Syndicates being formed to develop properties
the PORCUPINE gold field offer attractive
opportunities to those accustomed to mining
investments.
United Zinc & Chemical 1st 5s, 1928
SPECIAL CIRCULAR.
S. R. TAYLOR
in
YORK
New Orleans Mobile & Chicago bonds and
scrip
Chicago & Alton 3s
New Mexico Railway & Coal 5s, 1947. 1951
Dawson Railway & Coal 5s. 1951
Alabama State 4s, 1920, 1956
West Kentucky Coal 5s, 1935
Con. Indiana Coal 5s, 1935
Tel. John 109
20 Broad St.. N. Y
J. K. Rice, Jr. fit Co. Have For Sale
50 Amer. Caramel Com.
45 American Express
100 East’n Steel 1st Pfd.
100 Intemat. Elevat’g
173 Int. Time Recording Com.
64 Mohawk Valley Stock
50 New York Curtain
50 Oil Fields of Mexico
50 Otis Elevator Pfd.
76 Sen-Sen Chiclet
’Phones 7460 to 7466 Hanover.
BANKERS
0 Nassau Street
NEW YORK
Tel. 7750 1-2-3 Hanover
37 Wail Street
NEW
N. Y. & Westchester Ltg. 4s, 2004
New Amsterdam Gas 5s, 1948
Northern Union Gas 5s, 1927
Central Union Gas 5s, 1927
Lex. Ave. & Pav. Ferry 5s, 1993
Royal Baking Powder Com. Stock
Tel. 1986-6-7 Rector
MEGARGEL & CO.
EYER
Corporation
North American Building.
PHILADELPHIA
Members Philadelphia Stock
Exchange
’Phones Bell-Walnut 2290
Keystone-Race 499
Wyoming Val. Gas & Elect. 5s, 1925
Western Pacific 5s
L. Sh. Deb. 4s, 1931 (unlisted Nos.)
Norfolk & Western Ext. & Impt. 6s
Louisville Cinn. & Lex. 4>£s
Evansv. Terre Haute Gen. 5s
and
BONDS
Telephone 4300 Rector.
Company Business
Investment Offerings
Public Service
MEMBERS N. Y. STOCK EXCHANGE
60 BROADWAY. N. Y.
Street, E. C.
General Trust
Foreign Exchange
NEWBORG & CO.,
Cable Address.
“NEWROSE”
PRIVATE WIRE TO ST. LOUIS
a
Branch
WARREN, GZ0WSKI & CO.
25 Broad St., New York.
Appenzeliar
BANKERS
Member! N. Y. Stock Exchange
44 Pine Street
49 WALL ST
,
N. Y,
Toronto.
Equipment Bonds and Car Trusts
Swartwout &
Tel. 7355 Hanover.
NEW YORK CITY
Atlantic Coast Elec. RR. 1st 5s
Lykens Valley RR. & Coal Stock
Mohawk Valley Co. Stock
Southwestern Coal & Impt. 6s, 1929
Amer .-La France Fire Eng. 6s & Stk
LEONARD SNIDER
60 BROADWAY NEW YORK.
Telephone 1620 Rector.
WANTED
United N. J. RR. & Canal Co.
Morris & Essex RR. Co.
Pittsb. Ft. Wayne & Chic. RR. Co.
Detroit Hillsdale & Southwest. RR. Co.
Illinois Central Leased Line
Rome Watertown & Ogdensburg RR. Co.
N. Y. Lack. & West. RR. Co.
Peoria & Bureau Valley RR. Co.
Mahoning Coal RR. Co. Preferred
Mahoning Coal RR. Co. Common
Brooklyn City RR. Co.
Northern R. R. of New Jersey
]o$epl>Ulall{tr$$oit$
MembersNcwYork Stock Exchange,
20
Broad
St.
New
York.
Private wire to Philadelphia.
Coffin A Company
MEW YOBK
OFFER
Missouri Pacific Cons. 6s
Consolidated Ry. Deb. 4s, 1955
r
M. K. & T., St. Louis 4s
N. Y. N. H. & Hartford Deb. 6s
WANT
Morris & Essex 7s, 1914 & 1915
Texas & Pac., Louisiana Div. 5s
Lake Erie & Western 2nd 5s
Pittsburg & Charleroix
5s
Amer. Light & Traction Co. Stocks
Amer. Gas & Electric Co. Stocks
Tri-City Railway & Light Co. Stocks
Michigan State Telephone Co. Stocks
Underwood Typewriter Co. Stocks
Southern Light & Traction Co. 5s
LAMARCHE &
Tel. 5775-6 Broad.
COADY,
25 Broad
St., N. T.
FOB SALE.
United Electric Co. of New Jersey 4s
W. E. R. SMITH & CO..
20 Broad Street
New York
Louisville Henderson & St. Louis 5s
Montana Central 5s
Atlantic & Birmingham 1st 5s
Mason City & Fort Dodge 4s
New York Central Equipments
Central Branch 1st 4s
Central Pacific “Lucin. Cut=off” 4s
Scioto Valley & New England 4s
St. Louis Terminal Cupples Station 414 s
Western Pacific 5s
Toledo St. Louis & West. coll. 4s, 1915
WERNER BROS. & GOLDSCHMIDT
Tel. 4800-J-2-3-4-5 Broad.
25 Broad Street, N. Y.
[Yol. IO£xxxi.
THE CHRONICLE
XH
gitxattcial.
Ifttmuctal.
Nederlandsch Admmistratie- & Trtistkantoor
gfe*
(NETHERLANDS ADMINISTRATION <fc TRUST COMPANY.)
215 Slngel - AMSTERDAM. (Holland.)
H. JIEINLSZ, Pre»ld«Lt
Board of Directors*
H. WALTER.
L. D..
de
f
Kock & Uyt den
Rational gatxTt
Chairman.
Bogaard.
A. A. H. BOISSEVAIN,
Ph. MEES,
'
R. Mees & Zoonen.
J. A. DUYNSTEE.
H. MEINESZ,
President.
G. H. DE MAREZ OYENS.
Labouchere, Oyens & Co s Bank.
A. L. G. H. PICHOT<
Telders & Co.
IF. Th. EVERARD.
Banker
P. M. J. GILISSEN
Arnold GUlssen.
AUG. KALFF,
Jan Kalff & Co.
Acts
Acts
as
as
at Hew
e
Director of Swiss Bankvereln and
of Labouchere, Oyens & Co’s Bank.
1
„
390 BROADWAY
Westerwoudt & Co.
W. M. SCHEURLEER.
Scheurleer & Zoonen
Executor, Administrator, Trustee,
Trustee of Corporation Mortgages.
Guardian, Agent, eta.
Edwin S. Schenck, President
Francis M. Bacon Jr., Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith. Asst. Cashier
James McAllister. Asst. Cashier
W. M. Haines. Asst. Cashier
$2,550,000
Capital
Surplus and Profits $1,600,000
Stone & Webster
147 Milk Street,
BOSTON
First Natl. Bank Bids
6 Nassau Street
CHICAGO
NEW YORK
We offer for Investment
Adrian H. Muller & Son,
AUCTIONEERS.
Securities of
THE AMERICAN MFG.
Regular Weekly Sales
CO.
Service Corporations
under the management
Public
MANILA, SISAL AND JUTE
of
our
OF
5% to 6V2%
65 Wall Street,
EVERY WEDNESDAY
New York
-
Our Manual
Office. No. 65 WILLIAM STREEf.
Corner Pine Street.
describing these companies will be sent
upon request.
C. B. Van Nostrand
1909
1850
The United States Life
Insurance Co.
36 WALL
STREET
INEXPERIENCED
BOND MEN
INDUSTRIALS
fN THE CITY OF NEW YORK
Issues Guaranteed Contracts
JOHN P. MUNN, M. D.,
yield
to
CORDAGE
STOCKS and BONDS
organization
W. E. HUTTON &.
President.
CO.
on
Established
1886
Finance Committee
CLARENCE H. KELSEY, Pres. TitleGu.&Tr.Co.
WM. H. PORTER, Pres. Chemical National Bank
ED. TOWNSEND, Pres. Imp. & Traders Nat. Bk
Good men, whether experienced in life insurance
or not, may make direct contracts with this Com¬
pany, for a limited territory If desired,
secure
for themselves, in addition to first year’s commls
a
renewal
interest
insuring
for
the
slon,
an Income
future.
Address the Company at its Home Offtoe
No. 277 Broadway. New York City
and
who wish to obtain
("New York Stock Exchange
Members of 1 Chicago Board of Trade
l Cincinnati Stock Exchange
25 Broad Street.
-
New York
Cncinnati, San
Francisco, Salt Lake City and Los Angeles.
a
thorough training
Salesmanship
Investments and Bond
should
write
scribing
our
Address
FREE
for
booklet
de¬
systematic courses of study.
BABSON’S COMPILING OFFICES.
Wellesley Hills. Mass.
Private wires to Chicago,
First Nat. Bank Bldg.,
Largest Statistical Organization iu the
II. 8.
Cincinnati
NOW READY
Range of Prices for Stocks and Bonds
FROM
1904 to
165
Years
Commercial & Financial (Jln*onicle
Pine and Depeyster Streets,
NEW YORK,
Broadway
Telephone 6780 Cortland.
Hand Book of Securities
Front
AUDIT COMPANY
OF NEW YORK.
City Investing Building
July 1, 1910
Earnings, Fixed Charges and Dividends for Series of
The
Audits and examinations.
Appraisals of values of lands, buildings,
machinery, etc.
Financial and cost systems of accounts.
WESTERN OFFICE
Now York Life
Building, Chicago
July 23
THE CHRONICLE
1910.]
IftaBttjcial.
gtimwxtal.
TO HOLDERS OF
The Union Discount Co. of
Preferred Stock of
BUFFALO &
39
Paid up,
Secretary of the Committee.
Dated, New York, July 21 1910.
J“. N. WALLACE, Chairman;
HENRY
.
The Hon. Wm. Henry Goscheu.
Sir Thomas Jackson, Bart.
Christopher R. Nugent.
Henry Oppenheim.
Manager,
Sub-Manager.
Assistant Sub-Manager,
F. NEVILL JACKSON.
E. C. STEVENSON
<
44
paid,
$25 per ShareReserve
$3,750,000 00
2,900,000 00
Fund
"
Fund.
and De-
44
Iiosits,
includng
provision
for
cies
••
Counsel.
contingen¬
92,170,955 06
Bills Re-dlsc't’d.24,018,707 90
17,308,760 42
Bills Discounted,
9,011,815 62
93,715,231 70
13,980 23
&C
Sundry Debit Balances
Freehold and Leasehold Prem¬
ises, Fittings and Furniture,
at cost, less Depreciation
written off half-yearly
590,137 08
116,189,662 96
Rebate on Bills
Discounted
Balance at Credit
of Profit
Loss
for
Bonds
Hoboken Land and Improvement
Ap¬
698,818 62
Less Transfer
to Reserve
Fund..
Co.
761,197 58
and
propriation
OF THE
100,000 00
598,818 62
$124,552,351 41
Doe November 1st, 1910.
Notice is hereby given to the holders of the
above bonds that the Hoboken Land & Improve¬
ment Company has made arrangements with the
Hudson Trust Company,
to purchase up to
1500,000 par value of the bonds at par and
Dr.
—OR—
The Hoboken Land & Improvement Company
will give In exchange for the above-mentioned
bonds its new 20-year 5% First Mortgage Gold
Bonds, on the basis of par for the present bonds,
and 102 for the new bonds; provided the holders
Expenses,
including Salaries,
deposit their bonds with the Hoboken Land &
’•
not
Improvement Company, No. 1 Newark Street,
Hoboken, N. J., on or before October 1st, 1910,
together with $20 per bond.
The new mortgage will be for $2,000,000 and
will be secured by property at an assessed value
of more than $4,000,000.
Upon depositing said bonds a proper receipt
will be Issued by the Hoboken Land & Improve¬
ment Company, and on November 1st, 1910,
31st
44
$111,485 57
Company, No. 1 Newark Street, Hoboken, N. J.,
bond or bonds of the new Issue as called for In
the receipt.
Holders of the bonds due November 1st, 1910,
who do not desire to sell said bonds before
exchange said bonds In
accordance with this notice should present their
bonds for payment at the First National Bank
of Hoboken, N. J., on November 1st, 1910.
For further Information apply to Hoboken
Land & Improvement Company, No. 1 Newark
Street, Hoboken, N. J.
Dated Hoboken, N. J., July 21, 1910.
or to
num,
761,197 59
free
of
In¬
Tax
225,000 00
Balance carried for¬
ward to next Ac¬
373,818 62
count
698,818 62
$1,571,501 78
W
Trustees:
You
are hereby notified that under reserved
rights expressed in said bonds, the above-named
Railway Company will on the first day of Decem¬
ber, 1910, retire all the bonds above named,
secured by the above-named mortgage, which
bonds and mortgage bear date December 1st,
1900, and whose maturity is July 1st, 1950, save
the bonds already paid and retired, the total
issue of said bonds being $1,500,000, and
bearing
numbers 1 to 3,000, both Inclusive.
On or before said date you are required to have
all such bonds and their unpaid interest coupons
at the office of the Agents of the Bank of Mon¬
treal, No. 31 Pine Street, New York City, at
which time and place the bonds will be redeemed
by paying 85% of the principal, and by paying
all interest earned and accrued thereon to date
of redemption.
Payment will be made to the registered holders
of the bonds if registered; otherwise to bearer.
THE GRAND TRUNK WESTERN RAILWAY
BRAND,
R. BALFOUR.
LONDON, E. C., 8th July, 1910.
To the Holder*
Balance brought down..
$373,818 62
$5=£1
of
THREE-YEAR 6% COLIATERAL ROTES, DOE tOGDST 1,1010
Notice is hereby given that the above Notes will be paid on and after August 1, 1910, upon pre,
sentation and surrender of the same at the office of the Mercantile Trust Company, 120 Broadway
New York.
In order to provide in part for the funds required to pay the above $6,000,000 Notes, this Com-
Notes,
to due
Co.remaining
a new issue
of $4,000,000
of Three-Year
6%
8any
ollateral
has sold
Messrs.
August
Kuhn,
1, 1913.
Loeb &The
value from
will beface
$2,000,000
provided
surplus treas¬
ury
funds.
Holders of the maturing Notes are referred to the advertisement of Messrs. Kuhn, Loeb & Co.,
printed hereunder, for the terms on which maturing Notes may be exchanged for the new Notes.
WESTINGHOUSE ELECTRIC & MANUFACTURING CO.
New York,
July 8, 1910.
By T. W. SIEMON, Treasurer.
Referring to the above notice of the Westinghouse Electric & Manufacturing Company, the
undersigned offer to holders of that Company’s Three-Year 6% Collateral Notes, due August 1,1910,
the privilege of exchanging the same, par for par, for new Three-Year 6% Collateral Notes, due
August 1, 1913.
For full particulars as to the new issue of Notes, reference is made to a letter from Robert Mather;
Esq., Chairman of the Board of the Westinghouse Electric & Manufacturing Company, copies of which
may be obtained from the undersigned.
This offer is subject to withdrawal without notice.
KUHN, LOEB & CO.,
COMPANY,
By CHAS. M. HAYS, President.
Montreal, Canada, April 18th, 1910.
Directors
WESTIN6H0USE ELECTRIC & MANUFACTURING GO.
A Corporation of Michigan and Indiana, U. S. A.
of Income Bonds of the above-named
Company, secured by an income mortgage to the
Colonial Trust Company, and W. G. CrabiU,
W. T.
B. HOBBS
Secretary.
$1,571,501 77
The Company discounts improved Bank and Mercantile Acceptances, receives Money on Deposit;
and grants Loans on approved Negotiable Securities at rates which can be ascertained on application
at the Office, and effects Purchases and Sales of Government Stocks, Shares, and other Securities
on the usual terms.
The Grand Trunk Western Railway Co.
To the Holders
1,211,977 59
New
to
the holder thereof will receive on demand and
presentation of said receipt at the office of this
a
tingencies
$359,524 18
Reserve Fund
$100,000 00
Dividend for the halfyear at the rate of
12 per oent per an¬
come
*•
Dec., 1909
Gross Profits for the half-year,
after making provision for con¬
carried
due,
Account
44
Cr.
By Balance brought forward from
Rent and Taxes,
Directors’ Fees,and
all other charges..
Rebate of Interest
on Bills discounted
forward
*
$124,552,351 41
Profit and Loss Account for the Six Months ending 30th June, 1910.
To Current
accrued interest, if presented at the office of the
Hudson Trust Company,
51 Newark Street,
Hoboken. N. J., on or before August 1st, 1910.
44
352,672 25
serve
Loans
$3,912,426 36
j
British Government, Indian
Government and other Se¬
curities
Loans on Securities at call and
short dates, and other Ac¬
counts
Provident Re¬
“
Cr.
"
$7,500,000 00
Amount
EVANS,
Secretary.
W. B. HOBBS
JUNE, 1910.
By Cash at Bankers
150,000 Shares
Of $50
HUGH RANKIN, Secretary,
46 Cedar Street, New York City.
DAVID RUMSEY,
V,
O. BERGEL.
Capital Account,
JOSEPH S. FRELINGHUYSEN,
Committee.
August 1st, 1910,
Foreign Dept. Manager,
BALANCE SHEET, 30TH
Dr
BLISS,
To Holders of First Mortgage
Shareholders, 2,837.
CHRISTOPHER R. NUGENT.
To
JOLINE LARKIN & RATHBONE,
$3,760,000
2,900,000
DIRECTORS.
FRANK BERGEN,
WALTER P.
which $25 have been paid.
Robert Balfour, M. P.
William Thomas Brand.
Sir William Dunn, Bart.
Arthur John Fraser.
with the CENTRAL TRUST COM¬
PANY OF NEW YORK, 54 Wall Street, New
York City.
Copies of the said agreement may
be obtained from the depositary or from the
on
.
Number of
WILL BE RECEIVED EXCEPT ON
CONDITIONS AND PENALTIES AS
COMMITTEE MAY IMPOSE.
Deposits
to be made
150,000 Shares of $50 each,
Reserve Fund,
STOCK
are
CORNHILL, LONDON, E. C.
Capital Subscribed, $7,600,000,
In
Referring to Its notice dated May 16 1910, the
Committee, acting under the deposit agreement
dated May 12 1910, announces that more than a
majority in amount of the preferred stock has
been deposited under said agreement, and has
extended the time for the deposit thereunder of
the remaining shares of said preferred stock until
AUGUST 8 1910, AFTER WHICH DATE NO
THE
London, L’t’d.,
Cable address, "UD1SCO, LONDON.”
SUSQUEHANNA
RAILROAD COMPANY
SUCH
im
New York,
July 8, 1910
William and Pina Street*
THE CHRONICLE
XIV
[VOL.
LXXXXI.
ginanxtaX.
$2,000,000
The
Manila
Railroad
(Southern Lines
First Mortgage Four
Principal payable May 1, 1939
Company
Per Cent Gold Bonds
Interest payable May 1st and November 1st
The Government of the
Philippine Islands guarantees payment of 4 per cent
per annum on the face value of the above $2,000,000 Bonds by
endorsement on each bond, by virtue of Act of Congress of the United
interest
States of America
Coupon Bonds of $1,000 each, with privilege of registration as to the principal and exchangeable for Bonds registered as to both principal and
Fully registered Bonds re-exchangeable for Coupon Bonds.
Both principal and Interest payable in New York in U. S. gold coin, or, in the
case of Coupon Bonds, at the holder’s option, in Foreign Currencies, as stated In the Bond, without deduction for
any tax or taxes which the Company
may be required to pay thereon, or to retain therefrom, under any present or future law of the United States, or of any State, County or Municipality
therein, or any law at any time obtaining in the Philippine Islands.
Interest.
As stated in the
Mortgage, Bonds may be purchased for the Sinking Fund at not exceeding 110 and interest, or may be
The entire issue of Bonds, but not any part thereof (except where the redemption takes place by draw¬
ings under the Sinking Fund provisions), is subject to redemption, at the option of the Company, at 110 and accrued interest,
on any interest date on three months’ previous notice.
drawn at that
price.
THE UNDERSIGNED WILL RECEIVE SUBSCRIPTIONS FOR THE ABOVE
AT 86% AND ACCRUED INTEREST TO DELIVERY.
BONDS
The subscription will be closed at three o’clock P. M. on Tuesday,
July 26, 1910, or earlier, the right being reserved
reject any application and to award a smaller amount than applied for. The undersigned reserve the right to close the
subscription at any time without notice.
to
A first payment of $50 in New York funds per $1,000 bond
balance of the amount due on bonds allotted upon subscriptions
subscribed for must accompany all subscriptions. The
will be payable in New York funds on August 1, 1910,
at the office of the undersigned, when the bonds will be delivered upon surrender of
the allotment letter duly endorsed.
If no allotment be made, the first payment will be
repaid in full, and if only a portion of the amount applied for be
allotted, the balance of the first payment will be-applied toward the amount due on August 1, 1910. No interest will be
allowed on such first payment.
Failure to pay the balance of the subscription price when due will render the previous
payment liable to forfeiture.
The
Secretary of the U. S. Treasury authorizes the statement that
“The First
Mortgage Four Per Cent Gold Bonds of The Manila Railroad Company (Southern Lines), issued
in 1910 and guaranteed as to interest by the
Philippine Government,will be accepted by the Treasury Depart¬
ment as security for deposits of the public money of the United States in National Banks on the same terms as
the bonds of the Philippine Railway Company, at ninety per cent of their market
ninety
per
cent of their par value, whenever further deposits are to be made.”
value, but not to exceed
Under said terms these bonds may be substituted at any
time for any bonds now on deposit to secure public moneys,
except United States bonds and the Philippine, Porto Rico, District of Columbia and Territory of Hawaii bonds. The
Treasury Department, when the deposit of public moneys with the various National Banks is reduced, will require that
State, city and railroad bonds be withdrawn before the Philippine Railway Company and The Manila Railroad Company
(Southern Lines) Bonds, but will require that the Philippine Railway Company and The Manila Railroad Company (Southern
Lines) Bonds be withdrawn before the United States, Porto Rico, District of Columbia and Territory of Hawaii bonds are
withdrawn.
The U. S. War
Department has authorized the following statements:
“Pursuant to Act No. 1493 of the
Philippine Commission, enacted May 24th, 1906, amended by Act No.
are legal investment for the Philippine Postal Savings Bank.”
Philippine Government has granted a concession to The Manila Railroad Com¬
1620, enacted March 22d, 1907, these bonds
“In view of the fact that the
for the construction of certain railroads, and has executed the contract of guaranty of the interest of their
bonds, and in view of the fact that the Philippine Government realizes the paramount necessity of railroads for
the welfare of the Philippine people, and in view of the intense interest which the
Philippine Government takes
in the success of the enterprise undertaken
by The Manila Railroad Company, the Secretary of War authorizes
the Bureau of Insular Affairs to receive
subscriptions for these bonds.”
pany
For information
Manila Railroad
to this issue of
bonds, reference is made to a letter from Horace L. Higgins, Esq., President of The
Company, and to the mortgage, copies of which may be obtained at the office of the undersigned.
as
Subscriptions will be received simultaneously:
in Washington, D. C., by the Bureau of Insular Affairs, U. S. War Department;
in London, by Messrs. Speyer Brothers and
Hongkong & Shanghai Banking Corporation.
Application will be made to list the bonds
New
York, July 23, 1910.
on.the New York and London Stock
Exchanges.
SPEYER & CO.
July 23
1910.]
THE CHRONICLE
XT
financial.
$250,000
<
Lehigh & Wilkesbarre Coal Co.
Consolidated
Mortgage Gold 4s, Due June 1, 1925
Guaranteed by
The Central Railroad of New Jersey
as
to both
Authorized issue
principal and interest by endorsement
$20,000,000, maturing $2,500,000 each 5
each bond
on
from 1915 to 1950
years
Free of Tax in Pennsylvania
1. Secured
to
by direct mortgage on the entire property of the Company subject
$2,691,000 bonds maturing in 1912 and to be refunded by this issue.
2. Lands owned
estimated
contain
460,000,000 tons of merchantable coal.
3. Net earnings for the year ended June 30, 1909, amounted to approximately
two and a half times interest and
sinking fund charges.
4. The stock of the Central Railroad of New Jersey, which guarantees these
bonds, is quoted at 260 to 285.
are
Price
on
to
Application, Yielding 4.40%
Further
Information
on
Request
White, Weld &. Co.
Nassau St.
New York
The
5
Chicago
tPuldmds.
gtotftjeti&s.
MINNEAPOLIS & ST. LOUIS RAILROAD CO.
Coupons due August 1 1910 from Minneapolis
& St. Louis RR. Co. live per cent gold notes will
be paid after that date at the office of the company,
25 Broad Street, New York.
F. H. DAVIS, Treasurer.
PACIFIC GAS & ELECTRIC COMPANY.
Notice is hereby given that a meeting of the
Board of Directors of this Company has been
called for eleven o’clock a. m. on August 1st, 1910,
for the purpose of declaring a dividend of ONE
AND 50-100 DOLLARS ($1 50) per share upon
the preferred capital stock of this Company for
the period beginning May 1st and ending July 31st,
1910, payable by check on the 15th day of
August, 1910, to the stockholders of record at
eleven o’clock a. m. on the 1st day of August,
1910.
Owners of such preferred stock evidenced
by certificates issued in the name of any other
6erson
same
should
have theand
the
ooks of
the Company
newtransferred
certificates on
issued
in their own names on or before eleven o’clock
a. m. of August 1st, 1910, if
they desire dividend
checks made payable to themselves.
D. H. FOOTE,
Secretary of the Pacific Gas & Electric Co.
l&Kttttd.
EXPERIENCeTTbOmTmAN
WITH WELLPHILADELPHIA
WISHES TO REPRESENT OUTSIDE HOUSE
ON
SALARY
AND
COMMISSION
BASIS.
ADDRESS “C,” CARE “CHRONICLE,” P. O.
BOX 958. N. Y.
EQUIPPED
OFFICES
Kansas
IN
Municipals Wanted
Will pay best market price for Kansas Muni¬
cipal Bonds. Want especially bonds In Wilson,
Chautauqua,
Montgomery,
Kingman and Morris Counties.
Cowley,
Topeka, Kansas
GUSTAVUS MAAS
semi-annual dividends of TWO AND
ONE-HALF PER CENT on the First Preferred
and TWO AND ONE-HALF PER CENT on the
Second Preferred Capital Stock, payable at this
office September 1st, 1910, to stockholders of rec¬
ord at 3 o’clock p. m. on Monday, August 1st,
1910.
CHARLES F. COX, Treasurer.
1528 Rector
WILL BUY
Consolidated Rubber Tire Co. 4s
THE
BALTIMORE
& OHIO
COMPANY.
Baltimore, Md., July 14, 1910.
The Board of Directors this day declared from
the net earnings of the Company for the six
months ended June 30, 1910, a dividend of Two
(2) Per cent on the Preferred Stock of the Com-
Eany,
to the August
stockolderspayable
of recordSeptember
at the close1,of1910,
business
on
1,
OFFICE OF THE CONSOLIDATION COAL CO.
Baltimore, Md., July 14th, 1910.
The
Board
of
Directors
have
declared
the
regular quarterly dividend of 1H per cent on Its
Capital Stock, payable July 30th, 1910, to the
Stockholders of record
at
the close of business
July 23rd, 1910.
The transfer books will be closed at 12:00
o’clock noon July 23rd, and will be re-opened at
10:00 o’clock a. m. August 1st, 1910.
Dividend checks will be mailed.
T. K. STUART, Assistant Treasurer.
RAILROAD
Office of the Secretary.
declared
1910.
The Board also declared from the
ings of the Company
Cent
on
a
surplus earn¬
dividend of Three (3) Per
Company, pay¬
the Common Stock of the
able September 1, 1910, to the stockholders of
record at the close of business on August 1, 1910,
The transfer books will not close.
C. W. WOOLFORD, Secretary,
.
THE ATCHISON TOPEKA & SANTA FE
RAILWAY COMPANY.
New York, July 8, 1910,
The Board of Directors has declared
a
dividend
(being dividend No. 21) on the COMMON STOCK
Company of ONE DOLLAR AND FIFTY
CENTS ($1.50) per share, payable September 1,
1910, out of surplus net income, to holders of said
COMMON Stock registered on the books of the
Company at the close of business on July 29,1910.
Dividend cheques will be mailed to holders of
of this
THE GUANAJUATO POWER & ELECTRIC CO.
Hagerman Building, Colorado Springs, Colorado.
PREFERRED DIVIDEND NO. 8.
THREE-TENTHS
the preferred stock
A dividend of TWO AND
PER CENT (2 3-10%) upon
of this Company has been
declared, payable
August 1st, 1910, to stockholders of record bn
the books of the Company on that date.
The transfer books will be closed on July 18,
1910, and re-open on August 2, 1910.
LEONARD
E. CURTIS, Treasurer.
THE H. B. CLAFLIN COMPANY,
Church and Worth Streets,
New York, July 19th, 1910.
A quarterly dividend of ONE AND ONEQUARTER PER CENT (1X%) on the First
Preferred Stock and ONE
AND ONE-HALF
PER CENT (1 H%) on the Second Preferred
Stock of this Company will be paid August 1st,
1910, to holders of record at the close of business
Monday, July 25th, 1910.
D.
N.
FORCE, Treasurer.
AMALGAMATED COPPER COMPANY.
42 Broadway, New York, July 21 1910
a meeting of the Board of Directors of the
Amalgamated Copper Company a dividend of Onehalf of One Per Cent
of 1%) was declared,
payable August 29th 1910 to stockholders of
record on the books of the Company as of 12
o’clock noon, July 30th 1910.
At
A. H. MELIN,
20 BROAD STREET
Telephone
UtoMmiU.
NEW YORK CHICAGO & ST. LOUIS RR. CO.
Grand Central Terminal, July 13, 1910.
The Board of Directors of this Company have
Sumner,
Kelly & Kelly
Established 1868
Rookery
UNITED DRY
Secretary and Treasurer.
GOODS COMPANIES.
Hoboken, N. J., July 19, 1910.
quarterly dividend of TWO PER CENT
(2%) win be paid August 1st, 1910, to holders
of the Common stock of United Dry Goods Com¬
panies of record at the close of business Monday
July 25th, 1910.
MOSES ELY, Secretary.
A
COMMON Stock who file suitable orders therefor
at this office.
C. K. COOPER, Assistant Treasurer.
5 Nassau Street, New York City.
NEW YORK ONTARIO & WESTERN
RAILWAY COMPANY.
New York, June 28th, 1910.
The Board of Directors of the New York Ontario
& Western Railway Company have declared a
dividend of two (2) per cent upon the Common
Stock, payable on August 15th, 1910, to Stock¬
holders of record on July 30th, 1910.
The Transfer Books will be closed at twelve
o’clock noon on July 30th, 1910, and reopened
at ten o'clock a. m. on August 16th, 1910.
R. D. RICKARD, Secretary.
THE PULLMAN COMPANY.
DIVIDEND NO. 174.
A quarterly dividend of Two Dollars per share
from net earnings will be paid August 15th, 1910,
to stockholders of record at the close of business
July 30, 1910.
Checks will be mailed.
A. S. WEINSHEIMER, Secretary.
Chicago, July 20, 1910.
THE KANSAS CITY MEXICO & ORIENT
RAILWAY CO.
Kansas City, Missouri, July 11th, 1910.
Coupons of the First Mortgage Bonds of the
Kansas City Mexico & Orient Railway Company,
due August 1st, 1910, will be paid at the Amerl.
can Exchange National Bank, 128
Broadway
N. Y.
E. E. HOLMES, Treasurer.
*V1
THE CHRONICLE
[Vol.
until.
ffiwanetat.
WE OWN IND OFFER, SOBIECT TO SALE, THE ONSOLD PORTION OF
$300,000
CHESTER, PA., m GENERAL IMPROVEMENT BONDS
TAX FREE IN PENNSYLVANIA
Legal Investments for savings banks in Pennsylvania, Massachusetts, Connecticut, Rhode Island,
Maine and New Jersey.
Dated July 1, 1910.
Denomination $1,000.
Interest
payable January 1 and July 1 at the office of the City Treasurer, Chester, Pa.
MATURITIES
$100,000 due July 1, 1915
$100,000 due July 1, 1920
$100,000 due July 1, 1925
The
City of Chester is one of the most progressive cities in Pennsylvania. It is served by three
railroads, and in addition has most excellent river facilities, which afford the best of transportation
conveniences for its large manufacturing and mercantile institutions. It is about 13 miles from
Philadelphia. Population 40,000.
PRICE TO NET 4.10%
Send for
to
descriptive circulars of municipal bonds, tax free in various States, yielding from 4
5%.
A
new
list of corporation bonds is now available and will be furnished upon request.
These
bonds
yield from 5J4% to 6%, and include railroad, irrigation, waterworks, traction and other
public utility issues.
Many of these issues are guaranteed both as to principal and interest by the American Water
Works & Guarantee Company of Pittsburgh, Pa., whose
capital and surplus is $6,500,000, and whose
net annual earnings are in excess of $650,000.
This company only guarantees bonds of companies
which it controls and operates, and there has never been a single day’s delay in the
payment of
either the principal or interest of any bond which it has guaranteed.
J. S. & W. S.
KUHN, Inc.
BANK FOR SAVINGS BUILDING,
PITTSBURGH
V
PHILADELPHIA
Real Estate Trust Bldg.
BOSTON
John Hancock Bldg.
NEW YORK
CHICAGO
37 Wall Street
First National Bank Bldg.
Bank &
Quotation Section
Railway Earnings Section
VOL. 91.
Railway & Industrial Section
Electric
Banked Convention Section
State and
SATURDAY, JULY
%\it Chronicle,
23 1910.
Subscription—Payable
Week ending July 16.
in Advance
For One Year
For Six Months
$10 00
6 00
European Subscription (including postage)
European Subscription six months (including postage)
13 00
7 50
£2 14 s.
£1 Us.
$11 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Canadian Subscription (including postage)
Subscription includes following SupplcmentsBank and Quotation (monthly)
Bailway and Industrial (quarterly)
Railway Earnings (monthly)
Terms of
State and City (semi-annually)
Electric Railway (3 tunes
yearly)
Bankeks’ Convention (yearly)
Advertising—Per Inch Space
$4 20
22 00
Standing .Business
Business caras
Cards )
Months (13 times)
29 00
Standing
< Three
six Month8
(26 times)
50 00
(. Twelve Months (52 times)
87 00
CHICAGO OFFICE—Pliny Bartlett, 513 Monadnock Block: Tel. Harrison 4012
LONDON OFFICE—Edwards «ft Smith, 1 Drapers’ Gardens, E. C.
...
WILLI AIH B. DANA C03IPANY,
Publishers,
P.O.Box 958.
Front, Pine and Depeyster Sts..
New York.
Saturday
morn in? by WILLIAM B. DANA COMPANY
William B. Dana, President; Jacob Seibert Jr., Vioe-Pres. and Sec.; Arnold
G. Dana, Treas. Addresses of all, Office of the Company.
Indianapolis
1
Columbus
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Kalamazoo
Fort Wayne.
Akron
Rockford
Lexington
Youngstown..
Canton
South Bend
Springfield, Ohio
Mansfield
Quincy
Bloomington
Decatur
Jackson
Danville-1
Jacksonville, Ill.
Ann Arbor
Adrian
Lima
The following table, made up by telegraph, &c., Indicates that the total
bank clearings of all clearing houses of the United States for week
ending
July 23 have been $2,703,358,356, against $3,035,125,412 last week and
$3,001,004,893 the corresponding week last year.
Lansing
Tot. Mid. West
San Francisco
Los Angeles
Seattle
Portland
Salt Lake
1910.
1909.
$1,593,307,019
120,436,629
102,073,544
St. Louis
New Orleans
$1,251,621,306
129,652,609
115,018,073
23,347,733
228,712,492
62,918,954
15.256,485
Seven cities, 5 days
Other cities, 6 days
$1,826,527,652
501,067,923
$2,123,246,078
405,907,618
—14.0
Tacoma
Oakland
Sacramento
San Diego.
Helena
Stockton
Fresno
San Jose
North Yakima..
+23.4
Billings
Total all cities, 5 days
All cities, 1 day
I
$2,327,595,575
$2,529,153,796
471,851,097
—8.0
—1.3
Per Ct.
•
Philadelphia
Baltimore
Chicago
21,939,475
216,745,611
54,614,427
13,529,473
—21.4
+7.7
+ 12.0
+6.4
+ 5.5
+ 15.2
+ 12.7
Pasadena
405.762,781
Total all titles for week...*.
$2,793,358,356
$3,001,004,893
—6.9
The full details for the week covered by the above will be
given next Sat¬
urday.
We cannot furnish them to-day, dearlng9 being made
cfeanng houses at
up
by the
noon on Saturday, and hence in the above the last day
of the week has to be in all cases estimated, as we go to
press Friday night.
We present below detailed figures for the week
ending with Saturday,
noon, July 16, for four years.
Week
Clearings at—
ending July 16.
Inc.
1910.
$
New York
Philadelphia....
Pittsburgh
Baltimore
Buffalo
Washington
Albany
Rochester
Scranton
Syracuse
Wilmington
Reading
Wilkes-Barre
...
Wheeling
Harrisburg
Trenton
York
Erie
Chester
Binghamton
City..
Spokane
New York
Boston
....
Altoona
Greensburg
Franklin
Total Middle..
Boston
Providence
Hartford
New Haven
Springfield
Portland
Worcester
Fall River
New Bedford....
Lowell
Holyoke
Dec.
1908.
$
%
$
1,723,759,210 1,782,988,545
146,544,233
52,686,506
32,890,442
10,395,681
6,946.484
5,594.193
4,118,699
2.934,440
2,855,689
1.622,693
1,799,804
1.460.742
1,839,716
1,176,736
1,568,596
955,328
884,949
514,609
or
1909.
129,282,997
47.582.871
30,522.269
0,383,127
7.128.768
6,295,189
4.157,857
2,671.036
2,657,153
1,518.045
1,688,655
1,294,986
1,856,299
1,251,536
1,469,039
899.833
774,048
3
—2.8 1,481,047,029 1,611,773,636
+ 13.4
141,539.989
117,769,591
+ 10.7
61,802,927
38,102,586
+7.8
+ 10.8
—2.6
—11.1
—0.9
+9.8
+ 11.7
+6.9
+ 13.3
+ 12.8
1,602,870
1,267.302
1,539,962
—0.9
—6.0
+6.7
+6.2
+ 14.2
875,462
611,367
674,484
639,994
602,100
460,818
420,364
+ 13.4
+42.8
516.016
838,158
—10.0
679,830
2,002,432,507 2,035,403.677
—1.6
602,341
281.994
170,560,031
8,000,000
4,661,279
3,466,178
2.558,701
2,444,476
2,536,156
1,027,045
1,144,936
596,470
676,708
518,600
457,113
26,990,348
8,490,847
6,258,343
5.783,401
3,174,162
2,354,779
2,492,132
1,335,588
1,321,055
1,181,031
971,967
1,006,925
838,638
746,397
510,862
546,900
419,027
274,831
1,701,250,494 1,869,834,785
....
ropeka
Davenport
ledar Rapids...
Colorado
Springs.
Fargo
lloux
»ueblo
Fremont
Tot. oth. West.
St. Louis
New Orleans
Louisville
Houston
Galveston
Richmond
Fort Worth
Memphis
...
Birmingham
Mobile
Chattanooga
8,895.500
4,392.024
8,350,110
2,400,000
2,002,992
1,826,150
1,537.458
1.222,288
551,417
610,350
—1.1
—10.1
+0.1
+3.5
+0.6
+22.0
+38.9
—33.2
—6.4
+8.2
+ 11.7
159,849,776
6,698,400
4,151,109
3,208,918
1,900,000
1,796,122
1,734,807
992.300
1,078.015
505,753
463,686
163,958,296
7,913,100
3,904,838
2,725.276
2,145,016
1,844.601
1,732,716
907,548
735,458
688,327
411.404
182,387.786
188.966.580
News,**
and
Inc. or
Dec.
$
$
%
278,334,305
—1.2
281,774,026
27,105,450
31,463,350 —13.9
24,081,323
19,331,998 +24.6
20,681,123
16,220,027 +27.5
13,157,546
13,159,455 —0.01
11,609,064
9,414,660 +24.4
5,993,700
6,173,900
—2.9
4,919,706
4,531,272
+ 8.6
2,613,411
2,363,634 + 10.6
2,691,921
2,577,336
+4.4
2,616,458
2,085,708 +25.5
2,639,042
2,075,441 +27.2
1,342,432
1,275,384
+5.3
859,105
875,890
—1.9
1,023,129
918,125 + 11.4
1,200,000
826,000 +21.1
1,000,707
703,017 +42.2
786,546
670,600 + 17.2
1,496,369
1,014.623 +47.5
1,092,647
660,000 +65.5
649,520
621,190
+4.6
552,858
—4.5
578,754
419,943
367,695 + 14.2
523,293
458,973 + 14.0
562,545
425,167 +32.3
457,300
425,267
+7.5
395,000
364,980
+8.2
436,322
370,275 + 17.8
298,951
228,777 +30.7
196,526
176,069 + 11.6
30,680
30,121
+ 1.8
659,815
574,898 + 14.8
318,248
304,809
+4.4
401,000 Not included in total
410,744,985
403.035.401
+ 1.9
47,139,305
42,435,463 +11.1
15,895,127
12,549,735 + 10.7
12,923,897
—9.6
14.300,300
10,975.937
8,626,858 +27.2
6,495.119
8,123,083 —19.9
5,075,787
3,768,239 +34.7
8,589,308
6.418,058
+3.2
3,498,428
2,100,000 +66.6
1.468,665
1,245,951 +25.9
1,400,000
1,139,000 +22.9
850,342
966,570 —12.0
787,351
622,684 +26.4
696,533
531,663 +31.0
684.971
459,639 +27.2,
476,340
<329,486 +44.7
230,000
212,038
+8.5
Not
700,000
included in total
114,087,110
46,701,981
21,090,235
14,339,958
11,165,054
9,177,771
6,488,685
3,750,013
3,268,643
2,701,809
3,450,560
1.619.490
1,312,269
1,120,682
1.202.491
810.395
941,780
131,226,207
74,030,513
15,469,489
12,202,043
12,309,822
Atlanta
Nashville
Savannah
Norfolk
Jacksonville
Knoxville
1909.
1,120,000
009,549
294,242
Falls
....
...
Little Rock
Charleston
Oklahoma.
Augusta
172,532,836
Tot. New Eng.
197,571,980
199,227.125
—0.8
^
Canadian clearing! ses ‘’Qommerniai
25,390,211
7,998,663
5,583,998
5,642,467
3,076,868
2,148,732
1,972,844
1,433,337
1,271,386
1,069.776
—1.7
—5.0
476,800
522,622
1907.
Total Pacifls..
Kansas City ....
llnnea polls
)maha
it. Paul
Denver
—
it. Joseph
Des Moines.....
Duluth
Sioux City
Vichlta
jncoln
1910.
.
_
Saginaw
CLEARING-HOUSE RETURNS.
Clearings—Returns by Telegraph.
Week ending July 23.
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
Springfield, Ill
Transient matter per inch space (14 agate lines)
r Two Months
(8 times)
Published every
NO. 2852.
Clearings at—
PUBLISHED WEEKLY.
Terms of
Macon
Beaumont
Austin
Vicksburg
Wilmington, N.C
....
Jackson
Meridian
Total Southern
Railway Section
City Section
5,953,000
7,608,370
5,275,915
5,038,042
8.940,587
3,694,484
4.000.000
3.163,881
2,433.757
1,360,608
2,600,965
1,770,847
1,610412
1.596,771
1.540,442
2,411,600
2,031,056
$35,000
600.000
750,288
255,449
424.582
465,000
190,000]
179.062,623
102,828.767
38,394,028
17,660,189
13,010,440
8,772,101
8,941.701
5.189,495
3,490,403
3,061,725
2,078,655
2,694,280
1,424,310
1,350,887
1.022,485
1,045,449
786,270
769,906
050.000
677,037
265,199
111,796,680
68,124,695
15,951,077
12,018,835
12,752,628
5,409,000
7.613,896
5,131,164
4,445,036
7.025,801
4,285,759
3,319,836
2.097,078
1,908,766
1,471,175
1.842,259
1,403,730
1,468,646
1,446,994
1,201,581
1,700,000
1,321,304
668,489
624,950
569,197
229.047
367,630
280,000
178,591
166,037,760
1908.
$
238,387,714
27,011,400
15,933,592
13,009,354
10,243,569
9,026,363
5,127,700
3,976,649
2,023,199
2,058,354
1,739,810
2.440,624
1,077,492
805,266
910,225
700,000
747,626
666,834
682,960
400,000
633,230
388,182
321,474
456,232
457,916
447,683
350,000
360,198
232,158
152,513
16,911
+2.8
+ 13.3
+25.8
—13.8
+27.4
+ 17.3
+27
—7.5
+35.7
+21.0
+9.7
+ 10.4
+28.2
+41.9
42,979.631
10,955.968
9,855,437
6,218,080
5,243,832
11,315,924
9,692,681
7,668,714
7,789,835
3,146,063
2,977,935
5,050,639
4,305,079
1,636,151
853,070
742,000
951,435
535,540
482,811
415,666
210,886
185,806
8,259,516
1,298,869
459,499
91,802,662
30,318,693
20.898,482
9,826,610
9,203,718
8,261,990
6,473,706
2,768,224
1,922,496
1.260,334
1,978,692
1,287,625
990,713
989,055
766.820
1,226,634
1,037,339
901,714
866,453
709,986
643.990
460,000
617,120
239,038
11,901,208
7.993,705
4,880,500
5,894,468
4,330,590
3.664,491
3,606,458
8,100.000
2,584,707
2.089.862
1,635.401
1,620,043
1,426,386
1,241,898
14263,511
+7.8
135,827,340
—4.0
+31.8
+ 11.5
2,562.935
4,407,998
2,415,016
tas
+24.9
30,000
350,048,466
1,215,099
14201,613
943,061
867,863
507,169
510,591
383,389
300,000
830.000
850,000
+63.7
142,134
36,216,011
92,283,545
59,671,037
12,279,822
—0.1
269,168
340,855,228
+ 17.4
+ 10.0
19,384,846
15,484,713
10,973,657
8,599,318
5,790,700
4,169,788
2,556,177
2,484,293
2,221,045
2,269,468
1,120,534
751,718
780,278
825,000
650,875
646,591
1,024,960
520,047
501,834
383,102
394,927
366,627
359,501
356,134
413,596
300,000
81.853.933
82.941.488
15,919,540
10,653,536
8,101,341
—3.5
$
237,708,835
28,568,600
270,000
+ 10.9
+20.2
+ 19.4
+ 10.2
+27.3
+2.0
+24.5
+7.4
+67.0
+3.1
+28.1
+ 13.7
—3.2
+9.6
+ 15.0
+3.1
+22.3
+72.3
+5.0
+ 10.9
+9.6
—3.0
—3.8
1907.
606,559
715.742
448,392
515,000
576,626
218.768
95.846,110
00,734,222
14.980.810
12,269,703
11,612,846
5,090.500
6,117.293
3,772,233
4,268,975
4,076,382
3.959,662
2,942,520
2,595,640
1,991,964
1,479,061
1.600.925
1,532,958
1,426.658
1,206,723
1.250.000
994,065
1,372,558
584,483
467,043
400,000
+6.4
146,738,554
Total all----
3,035.125,412 3,018,389,410
+0A 2.534.488.326 2,743,237,167
Outside N. Y.
1,311,366,202 1,235,400,865
+6.1 1.053.441.29711.181.463.521
THE CHRONICLE
176
The
revenues
panding in
expenses.
business is
to the net.
of United States railroads keep ex¬
do the
Consequently a greatly enlarged volume of
being done with relatively little addition
a most
noteworthy
way.
But
so
This is the conclusion enforced
by the
compilations which we present to-day for the month
of May and comment on in a separate article on a sub¬
sequent page. Special interest of course attaches to
the results for the separate roads, where considerable
losses in net are shown in many instances. These will
all be found (together with full details of both earnings
and expenses) in the special supplement called our
“Railway Earnings Section/’ which we send to our
subscribers with to-day’s issue of the “Chronicle.”
This supplement gives the figures of every operating
steam railroad in the United States, big’ and little,
which makes monthly returns to the Commission—
over 800 companies altogether, covering more than
237,000 miles of road.
THE FINANCIAL SITUATION.
[VOL
LXXXXI.
when three months ago (in April) at
the New York Central employees were
the time that
awarded higher
pay the Pennsylvania voluntarily granted a further
advance of 6%, thus maintaining a difference in most
cases in favor of the Pennsylvania employees, though
not so large a difference as had previously existed.
That is all the company could be expected to do at
the present time when operating cost is mounting up
so
rapidly and when increases in transportation rates,
to offset in part the higher operating cost, are so gen¬
erally being held up by the action of the Inter-State
Commerce Commission. It is well that the Pennsyl¬
vania men have recognized this fact, and, appre¬
ciating that public sentiment was not with them,
wisely decided to recede from their position and not
risk resort to
a
strike.
To be sure,
while the Pennsylvania has escaped a
strike, the Grand Trunk Railway of Canada is in the
throes of one.
On Monday the conductors, brakemen
and yardmen of the Grand Trunk and of the Central of
Vermont, involving an aggregate of 5,000 hands, quit
work, and since then the lines of that system from
Portland, Me., to Chicago, Ill., have been tied up as
far
the movement of
freight is concerned, though
passenger service has been maintained.
The experi¬
ence of the Grand Trunk, however, in this respect
merely serves to make apparent how much more seri¬
ous a similar strike on the great Pennsylvania system
would have been, and what a fortunate occurrence it
is that such a labor conflict here has not been precipi¬
tated. The strike which this week developed on one
of the English railways, and proved so disturbing until
the men returned to work on Friday, is a further sug¬
gestive reminder of the same kind.
as
Developments this week have been rather mixed—
involving some unfavorable features as well as many
favorable ones—but nothing has happened to furnish
the least ground for general uneasiness. If it were
not, therefore, for the timidity engendered by political
influences—more particularly the attitude of govern¬
mental bodies, State and national, towards the great
railroad-carrying industry—the present hesitating
tone in business would quickly give way to renewed
buoyancy and activity. As it is, trade remains in a
quiet state. In the agricultural outlook the one con¬
On Thursday the community received quite a shock
spicuously unfavorable feature is the injury done to
the spring-wheat crop in the Dakotas and Minnesota by the unexpected action of the National Lead Co.
by drought and extreme heat. Late dispatches con¬ in reducing the quarterly dividend on its common
firm the early reports of a considerable loss in yield stock from 1J4% 1° % of 1%—thus cutting the divi¬
from that cause.
But that, while important as far dend from 5% per annum to 3% per annum.
What
as wheat itself is concerned, is of minor
consequence induced the directors to make their dividend announce¬
in the general agricultural situation. The country’s ment at this date, considerably ahead of the usual
largest and most important crop is corn, and there the time, is not altogether clear. The stock experienced
outlook for an excellent harvest continues very prom¬ a violent break, dropping in a short time from 6834
ising. During the present week rains in the South¬ to 52, very naturally exercising a depressing effect
west, in the sections of largest com production, have upon the whole market. Yesterday there was a
tended further to improve an already bright prospect. further decline to 49. But the importance of the
It seems proper to say, too, that the Southwest, in cut in the dividend can be easily exaggerated. It seem
contradistinction to the Northwest, appears to be to be due to a special cause—according to the manage¬
particularly favored the present season in an agricul¬ ment to the high price of linseed oil, which latter has
tural way, for all the indications point to a large crop followed from the reduced supply of flaxseed. In other
of cotton in Texas, Arkansas and Oklahoma, as well as words, we have here a state of things not symptomatic
a big grain yield.
of our industries generally.
We notice that the present
It is also an encouraging circumstance that the week rumors have again been current that the produc¬
threatened strike of the conductors and trainmen on tion of
copper is to be curtailed.
These rumors speak
the lines of the Pennsylvania Railroad system east and of conferences that have been going on in this country
west of Pittsburgh has been averted.
What is par¬ and abroad for some time past and suggest a world¬
ticularly gratifying about the settlement is that it wide movement for cutting down the output of the
has been reached without assumption of obligations metal.
Production is unquestionably excessive, but
on the part of the company to make further increases
we should doubt that any lasting improvement in the
in the rate of pay of labor. Judging from the state¬ condition of the
copper trade can be effected by
ments of the officials of the road, and from the admis¬
combining in this way. As far as the United States is
sions of the heads of the labor unions, the concessions concerned, united action of that kind among the
have been entirely by the men, as indeed it was
right producers would be in conflict with the anti-trust law,
that they should be. The Pennsylvania employees and besides it would lack the element of permanency,
had been getting higher rates of pay than the em¬ as there are so many producing interests to deal with.
ployees of competing roads rendering similar service The true way, it seems to us, is to let prices of copper
*
July 2J
1910.]
THE CHRONICLE
clown (the present week an attempt has been made
to boost them up) until a point is reached where the
o
mines least
advantageously situated and most expen¬
sive to operate would be forced out of business. The
reduction in price would be a benefit to the
and would tend to stimulate
about
clear gain to the Commission of
half months in which to make its investi¬
gation.” We are not prepared to believe that the
Commission would in this way take
advantage of the
three and
means a
a
public roads, and that the carriers are to lose instead of to
consumption, bringing gain by their conciliatory attitude. Rather do we think
inquiries for the metal which,, will be held in
attempted through artificial
means.
We have developed so many new sources of
supply in this country that even at 12@13 cents a
check while curtailment is
pound there
months, it
177
that the action of the roads is in the interest of a
speedy
decision by the Commission.
An enormous amount of
w7ork would have been necessitated
by the Commis¬
formal sus¬
cases of
proposed
sion if it had been called upon to
prepare
limit to the amount of copper pension orders in all the numerous
profitably produced. At 10@11 cents, higher rates upon which it is called to act. This labor
however, the situation would be different, and it the Commission now*
escapes, leaving just so much
might be the wisest thing in the end to recognize that more time available for an
investigation of the ad¬
than
fact
can
seems ho
be
now.
vances
In any
general survey of the trade situation a feature
which should not be overlooked is that we are now im¬
themselves.
At the
time, it must be admitted that it is un¬
fortunate that the date of the advances is
being grad¬
same
porting gold. A flow of gold this way is always an ually moved further ahead.
Moreover, the Com¬
auspicious event, for gold is the true money of com¬ mission is still handing down decisions
reducing
merce, and in the present redundancy of our paper rates—on
cases, of course, which originated long
issues we cannot have too much of it.
Moreover, it before the new law was passed. This wreek a decision
will fortify us against exceptional needs in the
autumn, was handed down by the Commission holding that
when the pressure upon our banks is
always urgent by the rates on yellow pine lumber and its products from
reason of the movement of the
crops. The further points in Louisiana, Texas, Arkansas and Missouri
engagements of the metal this week—part in London to points in Nebraska, Colorado and
Wyoming
and part in Mexico—have
aggregated $4,550,000, and reached by the lines of the Chicago Burlington &
the total engagements on the
present movement to Quincy and other carriers are too high and should be
date have been $7,550,000. In
part the influx repre¬ reduced. It was also announced that reparation would
sents an improved state cf our
foreign trade, in be awarded. State commissions, too, are active.
part it is due to the large new loans that have been Thus the Railroad Commission of Ohio has
rejected
placed abroad by United States railroad and other the new freight schedules
showing considerable in¬
corporations, and in part it follows from the fact that creases in classified freight rates on local business
money commands much better rates here than abroad. which were to
go into effect Aug. 1.
An announce¬
ment has
likewise
come
As
that
a
conference is to take
expected, very slow* headway is being made in place between Chairman Martin A.
Knapp of the
securing the advances in railroad freight rates which Inter-State Commerce Commission and J. P. Mabee,
the carriers so much need to
protect their revenues Chairman of the Railway Commission of Canada, for
against the drain of rising expenses. Railroad man¬ the purpose of deciding upon some
plan for the more
agers are so anxious to maintain amicable relations effective
regulation of rates in the case of roads
with the Government that
they are voluntarily con¬ operating in both countries by means of connections
senting to put off the contemplated advances instead in the one country or the other.
Furthermore, in
of forcing the Inter-State Commerce Commission to
Chicago on Thursday a committee of shippers unani¬
avail of its new7 powers and
suspend the higher sched¬ mously adopted resolutions deciding not to compro¬
ules by formal order.
This is in consonance with the mise with the railroads
regarding rates, but to carry
policy adopted after the Federal Government had got out the original plan of leaving adjudication to the
out its Court injunction
restraining the putting into Inter-State Commerce Commission.
effect o f higher rates on the Western roads. The
It is out of these various things that
present
anxiety as to
week agreements were reached with the Commission the future
arises, and thus in the last analysis it is the
to withdraw all schedules
providing for general in¬ action of Government that, must be held responsible
creases in
freight rates and to hold the advances in for the halt in trade, multiplying evidences of which
abeyance until Nov. 1. The carriers in Official Classi¬ are becoming manifest. But as another sign of the
fication territory, through a committee
appointed for times it deserves to be noted that at a meeting of
that purpose, w7ere the first
voluntarily to postpone railroad employees at Middletown, N. Y., last Satur¬
the effective date of the
contemplated advances until day, resolutions were adopted urging “the powers that
next November.
Yesterday similar action was taken be to permit the railroad companies of the country to
by the traffic managers of Western railroads—by the advance their freight rates to a
point that will permit
carriers in what is knowrn as Western Trunk Line them to
pay the present scale of wages without loss
Association territory7. The so-called Official Classifi¬ and to
provide money w*ith which to meet the cost of
cation Territory includes the roads east of the Missis¬
necessary increases in transportation facilities.” There
sippi River and it is said that 15,000 tariffs are com¬ may be more significance in this action than in all the
prised in the agreement reached with the railroads other events narrated.
operating in that territory.
One of the
dispatches in the daily
papers, in con¬
struing the action taken, makes the following state¬
ment: “This
and
as
compel
voluntary postponement is until Nov. 1,
the Commission
may theil, at its discretion,
suspension for the full statutory limit of ten
Improvement in the world’s financial
to be recorded this week.
At home not
centres
one or
is
two, but
-numerous, encouraging developments are to be noted.
Last Saturday’s Clearing-House return showed a fur¬
ther addition of $14,751,225 to the actual bank sur-
178
THE CHRONICLE
(VOL.
LXXXXI.
In two weeks this surplus reserve has risen an association later on, as no uneasiness will be created
from $8,699,300 to $33,490,325. This week the New at this time. This point is emphasized by Secretary
York institutions have gained cash from the Sub-Treas¬ MacVeagh in his published communication to the banks
ury at the rate of approximately $1,500,000 per diem; of the country, which we publish in our Bank Items
there has again been a generous inflow of currency column on a subsequent page. Other large cities are
from the interior; our international bankers outbid the confidently expected to respond to this proposal. It
Continent for the bulk of the $3,000,000 new gold is not the present intention to have associations formed
available in London on Monday, and later announced in every section of the country, urban and rural, as
the engagement of $3,000,000 gold bars in Mexico; the such a course is believed to be entirely unnecessary.
average rate for call loans has declined, and within The knowledge that the reserve cities could take out
the last few days time money has been obtainable for additional currency should occasion arise is depended
any maturity at lower quotations than were current upon to prove effective in insuring banking tran¬
a week ago; discounts are easier; the foreign exchanges
quility in smaller places.
are still in the
neighborhood of the gold-import point,
The announced understanding between the Bucks
and it is now generally understood that London will
not artificially oppose the purchase of South African Stove & Range Co. and the Federation of Labor is of
gold for American account. Looking abroad, we find interest because the former, under the lead of the late
that the Bank of England has succeeded in raising its J. W. Van Cleave, was the most determined insistent
ratio of reserve to ol}£%, an unusually high figure upon the principle of the open shop and had been
for this season, and that private discounts continue most opposed by the labor unions. The announce¬
to rule almost 1% below the official minimum of 3%. ment that the company consents to employ organized
The Imperial Bank of Germany reports a cash increase labor and the Federation in turn agrees to co-operate
of almost $13,600,000 and a reduction of nearly $70,- by treating it fairly should be deemed not so much
000,000 in note circulation, discounts and loans, while a surrender as a consent to cease fighting. The right
money in Berlin, which tightened last week, has re¬ to employ non-union labor is one which is so funda¬
laxed to 3%. At Paris discounts rule about 2% and mental that it cannot be surrendered, for if one con¬
the Bank of France records a gain of $1,600,000 in cern ceased to stand for it some other would in due
gold. Amsterdam is a trifle easier, and other centres, time be compelled to. The contempt case against
with the exception of Vienna (where there was a Messrs. Gompers and Mitchell, arising out of the at¬
rather serious failure) are comfortably situated. To tempted boycott of the St. Louis company, is of course
this concise summary of monetary developments, it not susceptible of arrangement between any private
That is still before the Supreme Court and
may not be out of place to add that the June statement parties.
of the chartered banks in Canada shows a gain in is due to come up next winter. What disposition will
all classes of deposits. Canadian banks now have on be made of it we do not assume to predict, but it would
call and short loans, outside the Dominion, the im¬ hardly accord with precedent and with court tra¬
pressive total of $168,345,345, of which New York ditions for one court to intervene against a sentence
carries perhaps two-thirds.
by another in a matter of contempt, and in this in¬
stance the contempt was an open defiance of a court
Secretary MacVeagh having suggested that associa¬ order.
tions be formed throughout the countiy under the
The sale this week of $5,000,000 of 4 per cent 30-year
Emergency Currency Act of May 1908, a meeting to
consider the subject will be held at the local Clearing bonds by the city of Philadelphia proved a success,
House next week, wrhen the steps necessary to organ- though last week New York State offered $11,000,000
ize'an association are expected to be taken. The Secre¬ of 50-year 4s and got bids for only $8,758,000. Phila¬
tary’s recommendation has naturally created wide delphia’s present success is the more noteworthy,
spread interest, but it cannot be said that the response coming so shortly after the failure of that city to
has been enthusiastic; indeed, New York bankers dispose of an offering of $8,000,000 bearing a like
candidly admit that they would not have acted had rate of interest. In this last instance, however,
the matter not been brought forward by the head of there was some question as to the legality of the
the Treasury Department, nor do they intend to do issue; litigation affecting the $8,000,000 loan was
more than formally organize an association, no meas¬
pending and it is still undetermined. Since the
ures to secure emergency currency being
contemplated. failure of that offering, the Supreme Court has passed
The Washington authorities recognize that unless New upon the validity of the $5,000,000 loan and, having
York moves, the rest of the country is unlikely to do the approval of the Supreme Court of Pennsylvania,
the bonds offered this week were sold.
so; hence they are particularly anxious that the lea
be taken here. Largely out of courtesy to the Gov¬
Philadelphia, however, adopted some unique
ernment, and not because they feel an Emergency methods in disposing of the present bonds. Instead
Currency Association is needed or likely to be needed, of offering the $5,000,000 loan to the highest bidders,
local bankers, therefore, have taken preliminary steps as is customary, Mayor Reyburn offered the bonds
along the lines desired, and within a month organiza¬ at par direct to investors; the bonds are issued in
tion will probably be perfected. The committee hav¬ denominations as low as $100 and the object was to
ing the project in charge consists of Frank A. Vander- appeal to small investors. To accommodate this
lip, President of the National City Bank; A. Barton class of people the principal saving fund societies of
Hepburn, President of the Chase National Bank, and Philadelphia waived the right to two week’s notice of
Subscriptions from all
Henry P. Davison of J. P. Morgan & Co. Action now, withdrawal of deposits.
when no monetary stringency exists, is considered pre¬ sources amounted to $8,100,000 and from individual
ferable to running the risk of having to hurriedly form investors and clubs to $4,800,000. City officials
plus.
July 23 1910. j
also
injected
transaction.
a
THE CHRONICLE
savoring of political methods into
A letter
was
sent to
the
every bank and
trust company
having deposits of city funds, of which
the aggregate on deposit is about
$20,000,000, calling
upon these institutions to subscribe for the city 4s.
The bankers responded generously and thus the issue
was
practically underwritten.
The call to the
financiers to “come up to the captain's office" re¬
sembled very much the demand sent forth
by political
leaders to policemen, firemen and other
municipal
employees for assessments to defray campaign assess¬
President Taft and Prime Minister Laurier
179
are
im¬
pressing upon their constituents the desirability of
removing the artificial barriers that have checked,
but which could not kill, trade between the United
States and Canada, and the response their utterances
have evoked encourages the belief that sound common
sense rather than outworn
prejudice will govern both
nations when
negotiations are brought before the
respective legislatures. Sir Wilfred Laurier has been
visiting the western parts of the Dominion, and the
reports of his experiences agree that everywhere there
ments.
was impressed upon him the
urgent need of estab¬
lishing freer trade with the United States. A con¬
Cotton has fluctuated widely during the week on the
siderable percentage of Canada's agricultural
popu¬
New York market, and at the close last
night middling lation in the regions visited
emigrated
across
the
from
uplands spot cotton ruled at 16.00c., or very near the
border, and they
that many of their
high point of the season. Following the advance of wants can be best naturally find
satisfied in American markets.
4-10c. in spot price on Friday last
(July 15), and an
But the demand for closer commercial relations is
even greater rise in the
July option, apparently due to not confined to Americans in Western
Canada or even
the anxiety of shorts to cover
outstanding contracts to the whole Dominion; it is
becoming more insistent
in that month, there were no further
important eveiy year among the business
people of this country,
changes until Tuesday. On that day, however, a as the
politicians
are beginning to realize.
At the
decline greater than the preceding advance was wit¬
recent conferences wdth Canadian statesmen over the
nessed, spot quotations dropping }^c. per lb. and the
Payne tariff schedules, good seed was sown and the
July option losing in all 90 points, or $4 50 per bale, harvest
promises to be not unconscionably delayed.
part of which was recovered before the close of the
At Eastport, Me., President Taft this week took
market. The net result of trading during the re¬
occasion to discuss the growing
necessity for culti¬
mainder of the week has been a further small
recovery, vating more
friendly trade relations between the two
leaving the spot price for middling at 16c., as stated
neighboring countries. His language permits of no
above. Not since 1874 has there been a continuous
doubt as to his sincerity in
desiring an entirely new
period of such high prices as have ruled in the current
agreement based on amity in place of animosity.
season.
It is true, of course, that in the
“Sully year," “Canada," he declared, with characteristic frankness
or, more properly speaking, 1903-04, a higher level
and magnanimity, “is a great
country, and we are
of value than now seen was attained, but it w*as main¬
just learning how great a country it is. Speaking for
tained for only a comparatively short time.
the Administration, we are convinced that a closer
The immediate result of the high prices has, as is
commercial relation with Canada will be well for both
known, been to depress the cotton-manufacturing
countries, and if in the next year we can come to any
industiy not alone here but abroad. Curtailment of
agreements by which our commercial relations shall
production has been resorted to almost since the open¬ be
closer, we shall think ourselves fortunate."
ing of the season and now, in the United States, in¬
He next enunciated a principle that is now
generally
volves a considerable portion of the
country's spindles. accepted in the economic and financial
world, but
It is currently rumored that cotton has been sold
which has not yet found universal
acceptance polit¬
recently for export or to go into consumption (thus
ically, namely that the prosperity of one country
removing it from the possibility of being tendered bn contributes to the
prosperity of others, and vice versa.
contracts) at 1 cent or more per lb. under ruling “We have
reached," said the President, “a time
prices. The truth of this rumor we are not able to when neither
ought to be envious of the other, but each
establish, but it is known that in former years, when
ought to be convinced that the more prosperous the
manipulation was in progress, such a practice was fol¬ one the more
likely the other is to be prosperous, and
lowed—in fact, we are assured that on some former
that the growth of the trade of one means the
growth
occasions it was possible at times to make
purchases of the trade of the other."
conditional* upon the cotton going into consumption
That the present stumbling blocks to this interna¬
or being
actually shipped out of the country, at as tional trade will not be allowed to remain
indefinitely
much as l^c. per lb. under the current
quotations. is coming to be generally recognized. Even should
The present manipulation and
high prices have been our tariff as a whole not be revised next
year, the make¬
productive of anomalous conditions. Not only has shift
arrangements entered into with Canada this
there been
a
return
to
New York from abroad of
spring are likely to be dealt with in the spirit mani¬
60,126 bales American cotton with 10,000 bales more fested
by President Taft.
expected, but mills both North and South have sold
considerable quantities from their stocks for delivery
European budgets are
a
showing so pronounced
requirements re¬ tendency to expand that the movement to restrict
duced owing to slack demand and curtailed
operations, expenditures on armaments has received a fresh im¬
it has been a good business
proposition for mills to petus. Germany, however, has again refused to enter¬
dispose of at least part of their stock at current values. tain overtures made
by the British Government.
The latest reported sales from stock have been
by Premier Asquith, addressing the House of Commons
Fall River mills, which are stated to have sold and
on naval
expenditures, last week expressed the wish
shipped to New York over 5,000 bales within the last that an arrangement could be reached with Germany,
few days.
but added: “This Government has approached tho
in this market
on
contracts.
With
THE CHRONICLE
180
subject, but the latter
can do nothing,
owing to the navy law on their statute
books.
That being so, we must make our program
accordingly.” Germany, he said, would have 21
Dreadnoughts by April 1913, against Britain’s 25;
hence the provision made for increased naval expendi¬
tures “could not be regarded as an inflated jingo pro¬
gram.
The Government would be false to its trust
unless it maintained an ample margin of security
against probable or possible risks.” This is not the
first time that Emperor William or his Ministers have
German Government
turned
a
deaf
ear
on
the
to Great Britain’s
entreaties to call
given now is "the navy law on their
But surely laws can be amended—
are
laws
amended nowadays with a frequency not
dreamt of by the Medes and the Persians. Why Brit¬
ain should be willing to restrict instead of to inflate
her naval expenditures can be readily grasped by any
one who examines the growth of her bills for Dread¬
noughts and super-Dreadnoughts.
a
halt. The
reason
statute books.”
Railroad troubles have unsettled the
security markets
during the current month, but,
happily, settlements have been effected in more than
of four countries
one
with
instance.
France
was
the first to be threatened
widespread strike; quietness has been main¬
expressed that
many thousands of men may stop work at any mo¬
ment.
At home the most serious dispute was that
between the Pennsylvania RR. and its trainmen.
This company, like the United States Steel Corpora¬
a
tained for the present, yet fears are
tion in the industrial wx>rld, has earned an enviable
reputation for its considerate treatment of employees
—it pays good wages, it has disbursed millions of
dollars in relief funds, it grants pensions to those who
reach the age limit, and in other ways constantly
demonstrates its
thoughtfulness for those who con¬
running of the greatest transportation
machine in this or any other country. Knowing this,
the financial community could not believe that any
grave deadlock would be precipitated by the men; con¬
sequently, when an amicable settlement was announced
on Tuesday, no astonishment wras expressed,
although,
of course, the always sensitive stock market felt
relieved. On the same day, however, the conductors
and trainmen of the Grand Trunk RR. caused surpise
by suddenly stopping work, thus preventing the
inovement of freight and interfering somewhat with
the operation of passenger trains on that road.
Both
tribute to the
sides, it appears, wnre
well prepared for just what
happened. The management immediately closed all
its workshops and drew therefrom numbers of men
experienced in running trains, it engaged all additional
held available and advertised for
the road
[VOL.
LXXXXI
seriously inconvenienced. By Thursday
upwards of 50,000 workers, railroad and industrial, were
idle. But the influential Amalgamated Society of Rail¬
way Servants refused to countenance the strike, and yes¬
terday the men, without further ado, returned to work.
were
The moderate increases in commutation rates
on
the railroads in New
Jersey went into effect on Wednes¬
day The commuters are crestfallen, for they had
hoped the Inter-State Commerce Commission would at
least insist on further delay.
WTien materials have
risen in price and the labor unions have compelled
increases in wages, the change has taken effect at once
and no general or local cry has come for suspension
until the subject could be investigated; but when the
carriers attempt to readjust their own charges in re¬
sponse, it is deemed just and necessary to proceed with
great deliberation lest some mistake be made. This
distinction is plainly unfair, and now the commuters
renew their declaration that
they will elect to the
Legislature men pledged to enact some laws on the
subject.
Nothing new can be added, but when a class of
travelers who have the lowest rates of all, averaging
only about one-fourth of the regular transient rate,
get so excited in opposing a very moderate increase
that they do not seem to look beyond the undoubted
.
fact that the increase is
disagreeable, this seems a
paternalism and the public inviting
and encouraging of complaints.
To dwell overmuch
upon the side of the shield which is turned directly
towards ourselves tends naturally to make us forget
that there is always another side.
A further thought is suggested.
Attempts to inter¬
with
natural
fere
the
workings of production and trade
resemble falsehood in an important respect, namely
that the first step taken seems to require further steps,
and there is no definite place of stopping. All trans¬
portation rates and all insurance rates are as sure to
finally adjust themselves to the conditions as the sea¬
sons are to return; the conditions may change, but the
rates must and will change with them.
There may be
what seems to dissatisfied people “a gain” of time,
but the readjustment is only staved off a little; no
possible commands of statutes can prevent this.
Moreover—putting everything else aside—if our regu¬
lative commissions proceed in their present course, as
they must do if they attempt to satisfy popular de¬
mand, the time cannot be far distant when the whole
scheme must break down, because its undertakings
wdll have become impossible.
Is not this the natural
end of the whole phantasm of emotional folly?
natural result from
optimism does not expect
of pay offered the strikers, with the result that traffic to find pleasure in the announcement of the tax rates,
has been restored in part. England had even a more and the present year’s announcement for this city is
trying dislocation of transportation for the greater no exception. The figures wrere fixed on Tuesday,
part of this week through a strike on the important at SI.7579 in Manhattan and Bronx, about $1,815 in
North Eastern RR. Several thousand men of various Brooklyn, $1.81 in Queens and $1,875 in Richmond.
grades quit work on Monday evening as a “protest Last year the rate ranged from $1,678 in Man¬
against the generally tyrannical methods of the hattan and Bronx to $1,775 in Richmond. It is
officials”—a complaint very vague and intangible. reasonable enough that the actual cost of governing
On Tuesday the strikers grew in number, and by may somewhat increase with population and area to
Wednesday the total reached 10,000. The huge be governed; but increase in the rate of tax cannot be
collieries and iron works in the Newcastle district, as called fundamentally natural.
It has already been pointed out that the cost of the
well as other industries along the River Tyne, were
crippled, and other sections of the country served by State Government is 5JA millions more this year than
more
at the rates
Even the most exuberant
July 23
A
1910.J
THE CHRONICLE
181
in 1909, and a surplus has been
also that the increase during the
replaced by a deficit;
European discount rates have weakened during the
last four years (about current week at most points. London has been and
12% millions) is almost exactly the same as the in¬ is an exception, the demand for gold
having been an
crease in the previous twenty, while Gov. Tilden was
influence there in maintaining relative firmness. As
able to tell the Legislature of 1876 that the State ex¬
high as 2 }4% has been paid for both 60 and 90-day
penses had in the two years then just passed been re¬ bills, but latterly there has been keen
inquiry for spot
duced from $15,727,482 to $8,268,196.
Looking to bills at 23^8% for 60 days, although 234% is still quoted
Washington, a like growth is found. Comparing the for 90-day bills. The near future, however, is
regarded
second term of Grover Cleveland with the second term as
obscure, a fact that is well brought out by the
of Theodore Roosevelt, both the regular and the
per¬ wide range of quotations for bills to arrive; some
manent annual appropriations more than
doubled, brokers are willing to accept them at 23^%,
the total of both rising from 1,871^ to about
3,842*4 but others name as high a figure as 2%% and even
millions. Moreover, of the fifteen principal govern¬
23^%. At Paris the decline in securities, particu¬
mental purposes in the list of regular annual
appro¬ larly Americans, continues to depress operations;
priations, only four failed to quite double during the discounts remained there at l%% until
yesterday,
term covered by this comparison and a few made
up when an advance to quite 2% occurred, although the
by tripling or quadrupling. These figures are from a Bank of France this week gained
$1,600,000 gold and
table made up by Mr. Livingston of
Georgia, the lowered its note circulation by fully $21,000,000 and its
leading minority member of the House Committee on bills discounted by more than $10,000,000. At Berlin
Appropriations.
the tension has relaxed a little, the rate
having fallen
In the course of lectures delivered at Yale about a to
3% for all prime bills. A fairly important failure
year ago on “conditions and progress in democratic at Vienna of a firm
having extensive commitments
government,” Gov. Hughes remarked that “if there in European and American securities had an
unsettling
were no other reason for
insisting upon efficiency, it effect at the middle of the week; the discount charge
should be sufficient to point out that the cost of
gov¬ at that centre is now 3%%.
Amsterdam is slow to
ernment is increasing at a tremendous
rate;” and he return to a normal level; it names 434% this week.
urged that “if we are to have contented communities In Switzerland the ruling rate is 2%%. No
changes
and be free from disorder we must stop
extravagance have been made during the week in any foreign bank
and careless expenditure and have
'
public business rates.
properly transacted.” This may be admitted as true;
yet it is also true that public business will never be
The Bank of England,
notwithstanding its failure
done, short of the millenium, with an effectiveness to secure any substantial
portion of the new gold
and economy like that in private business.
sold at an advanced price on Monday, was able on
Positively the way to reduce the cost of government Thursday to report a moderate improvement in its
materially and safely is to reduce government. As ratio of reserve to liability, even though total reserve
paternalism or socialism spreads the regulative at¬ and bullion both showed decreases.
According to our
tempts of government increase; new things are under¬ special cable from
London, the Bank’s reserve in¬
taken; further interferences with the conduct of busi¬ creased from 50.32% last week to
51.27% this week;
ness occur; commissions and
bureaus multiply; more the Bank lost £174,782 bullion
during the week and
and more legislation is piled up;
held
every fresh part at¬
£41,198,125 at the close of the week. But lia¬
tached to the machine seems to
bilities
require still more parts;
decreased; loans fell £552,000, Government
the army of placeholders receives new recruits; the
deposits £1,927,000 and Government securities £602,entire huge complication
the
expands, and
cost piles 000, although ordinary deposits, reflecting the distri¬
higher and higher.
bution of public funds in redeeming
Treasury bills,
This is all a part of a
consistent, although involved gained £725,000. Our correspondent further advises
process, and it has developed so swiftly, while attention us that the movement of
gold into the Bank was made
has been fixed upon various
objects of imagined value up entirely of small imports from miscellaneous
which “the government” was
going to accomplish, sources. Shipments to the interior of Great Britain
that the people have not realized the
process.
If it were moderate and exports were light. The details
were found to be inevitable that
this year’s cotton or of the movement into and out of the Bank were as
fol¬
wheat or corn crop would be
lows:
totally lost, or that fire
Imports, £10,000 from miscellaneous sources;
would destroy several of the
great cities, probably exports, £45,000 (of which £30,000 to South
America,
every man would be able to
»
.
understand that such a
a burden of
poverty
But that public extravagance
vast loss of wealth would
mean
which would affect all.
and an army of tax-eaters
are a
waste, and
we have not yet begun to realize, so obsessed have
been with the delusion that
government can bestow
largess on the people. On the contrary, government
only re-distributes—and on the whole very badly—
what it has
really want
previously seized from industry.
government to do
If
we
lot of
delightful things
it is full time we dropped the notion that those
come as a
gift. They are to be paid for, and paid
a
for us,
can
for
us
wastefully.
The direct taxation which
in this State will be
ought to teach
a
an
now
faces
unwelcome teacher, but it
wholesome lesson.
of Great Britain.
mean pov¬
erty
we
£10,000 to South Africa and £5,000 to other desti¬
nations); and shipments of £140,000 net to the interior
Money is not being withheld
market
have
as
come
it
so
generally from the
week ago. The trust companies
forward with time facilities, and these offer¬
was
a
ings have been supplemented by occasional blocks
of long-term money from private
bankers. The prin¬
cipal national banks are still lending cautiously for
most purposes, although
these institutions have lat¬
terly been compelled to shade their terms for collateral
loans. The spirit of conservatism that has had pos¬
session of the New York money market during July
is manifested by an almost complete withdrawal of»
THE CHRONICLE
182
[VOL. LXXXXI.
building and real estate operations. It is must have influenced the importers. The aggregate
felt that the activity in this direction is in danger of engaged to date has been $7,550,000, including the
being overdone, and the three great insurance com¬ $3,000,000 secured in Mexico. It is expected that
panies, as well as the savings banks, and others,who New York will again compete for the South African
bars to arrive in London on Monday next; the shipment
carry large quantities of mortgages, are now dis¬
couraging fresh enterprises. Inasmuch as commercial amounts to about $3,500,000.
requirements are of less than average volume, discount
Fluctuations in foreign exchange have been frequent
rates have moved a trifle in favor of drawers of prime
but not unusually wide.
Last week’s minimum has
bills, these being now negotiable % of 1% above the
not
rate for Stock Exchange accommodation.
again been quoted, but although demand sterling
The easier
tone in the general money market here was brought has sold at 4 855^, transactions for delivery next week
about by the early indications afforded by the have been entered into upon a lower basis. Trading
Comptroller of the Currency’s statements of curtail¬ has not been on a large scale. One feature has been
ment on the part of out-of-town banks (although the a continuance of the output of finance bills; these
full returns proved less encouraging), by the re¬ have come from one of the very largest banking houses
markable growth in the clearing-house banks’ reserves in the country, while less influential interests have also
during the last few weeks, by the engagement of $7,- sought credits abroad. In London efforts have been
550,000 gold to date for import and by a continuance made to keep the private discount rate within 1% of
of intense dulness in speculation.
Moreover, two or the Bank rate, but the Bank of England and the open
three of our international banking houses are obtain¬ market are so well supplied with funds that a keen de¬
ing extensive credit in London and Paris, a movement mand exists for bills, holding rates down. In Paris
that is shown by the appearance this week of foreign money can be secured at 2%. Supplies of commercial
bills are not large, but the absorption is indifferent.
exchange finance bills.
The decline in rates has embraced time money, As to-day’s steamer is a slow one, the inquiry has been
call money and commercial paper. The range for mainly for exchange for shipment on Tuesday.
time loans closes the week as follows: Sixty days, Europeans have done little in our security markets
3%%; ninety days, 3% to 4%; four months, 4 to this week; there is no particular investment demand
434%; five months, 4% to 4%%, and six months, for bonds, while stocks have been bought and sold
5 to 5%%.
Call money has been offered in abundance alternately on balance.
and nearly all the business has been done at 2%%.
Compared with Friday of last week, demand sterling
on
Last week’s maximum of 3% has not been repeated,
Saturday was unchanged at 4 8535 @4 8545 and
cable
transfers at 4 8565 @4 8575, with 60 days weaker
while as low as 1%% has been recorded. Yesterday
the range was 2% to 2%%, with most of the business at 4 8350 @4 8360. On Monday the market was again
done at 2%%. The average ruling rate for the week easier, with demand at 4 8530@4 8535, cable transfers
has been 2%%.
Commercial paper is still in ade¬ 4 8550@4 8560 and 60 days 4 8350@4 8360. On
quate supply, owing mainly to the dulness in the de* Tuesday demand advanced to 4 8545 @4 8550, cable
mand during recent weeks. The output of new bills transfers to 4 8565 @4 8575 and 60 days to 4 8365 @
is not by any means excessive and the absorption is 4 8370. On Wednesday 60 days was quoted at
increasing, so that rates are tending downwards. 4 8365 @4 8375, demand 4 8545 @4 8555 and cable
On Thursday demand
The best four to six months’ single name bills are now transfers at 4 8565 @4 8570.
to 4 8555 @4 8565,
advanced
cable transfers to
quoted 5% and 5%%, with 6 to 6%% named for less
4
desirable names. Sixty to ninety days’ endorsed bills
8580@4 8590 and 60 days remained at 4 8365@
4
8375.
On Friday early firmness was followed, on
receivable range from 5 to 5%%.
dull trading, by a recession in rates, demand being
New York’s receipts of gold from abroad have in¬ quoted at 4 85% and cable transfers at 4 85%.
The following shows the daily posted rates for
creased this week in accordance with the expectations
expressed a week ago. Our bankers outbid Germany sterling exchange by some of the leading drawers.
for the bulk of the 13,000,000 new South African gold
Wed.,
Frt.,
Mon.,
Tues.,
Thun., Frt.,
offered in London on Monday; the price paid was
July 15 July 18 July 19 July 20 July 21 July 22
funds for
not less than 77s.
9%d.
per ounce
and there
were
reports that an appreciably higher figure had to be
advanced for part of the* consignment. The inter¬
J60 days 4 84 X
4 86^
j 60 days 4 84
Kidder,
_1 Sight.. 4 86
Peabody & Co
i 60 days 4 84H
Bank of British
.1 Sight.. 4 86y
North America
/ 60 days 4 84^
Bank of
-1 Sight.. 4 86 H
Montreal
i 60 days 4 84y
Canadian Bank
of Commerce—-- .1 Sight.. 4 86H
J 60 days 4 84^
Heidelbach,
Ickelheimer & Co. -\ Sight-- 4 86H
]60 days 4 84
Lazard
Sight.. 4 86
Freres
J60 days 4 84H
Merchants’ Bank
-1 Sight.. 4 86 H
of Canaua
Brown
Brothers & Co
A Sight..
—
banking house of Lazard Freres announced
they would import $1,550,000 of the offering, but
national
that
no
definite information has been vouchsafed from any
quarter regarding the disposal of the remainder. The
same bankers later intimated that they had engaged
$3,000,000 gold bars in Mexico, one-half of which has
already reached New York. So far as known, no
other banks or bankers have participated in the
The market
closed
on
84 y
86 y
84
86
84 y
86^
84 y
86 y
84 X
86 H
84 y
86 y
84
86
84 X
86 K
84 X
86 y
84
86
84 y
86 y
84 y
86 y
84 y
86 y
84 y
86 y
84
86
84 y
86 y
84 y
86 y
84
86
84 y
86 y
84 y
86 y
84 y
87
84 y
86 y
84
86
84 y
86 y
84 y
86 y
84 y
86 y
84 y
86 y
84 y
86 y
84 y
87
84 y
86 y
84
86
84 y
86 y
84 y
86 y
84 y
86 y
84 y
86 y
84 y
86 y
84 y
87
84 y
86 y
84
86
84 y
86 y
Friday at 4 8340 @4 8350 for
days, 4 8550@4 8555 for demand and 4 8575@
gold-import movement. This somewhat strange fact 4 8580 for cables. Commercial on banks was quoted
has been explained in certain quarters by an assertion at 4 83 @4 83 J4 and documents for payment 4 82%
that the shippers are acting for an influential syndicate @4 83. Cotton for payment ranged from 4 82% @
of downtown financiers and banks; but this is not 4 82$£, grain for payment from 4 83 @4 83%.
credited. Exchange operators still adhere to their
The following gives the week’s movement of money
contention that no material profit has been obtain¬
able in importing gold and that other considerations to and from the interior by the New York banks.
60
July 23
1910.J
THE CHRONICLE
Received by
Shipped by
N. Y. Banks. N. Y. Banks.
Net Interior
183
being taken, too, to give practical applica¬
tion to the assessment principle. The Public Service
$9,548,000
Gnrreney
$3,346,000 Gain $6,202,000
Gold
3,094,000
746,000 Gain
2,348,000
Commission is helping the movement along and some
Total gnld and legal tenders
$12,642,000
$4,092,000 Gain $8,550,000
of the members of the Board have been
making
With the Sub-Treasury operations and gold im¬ speeches in favor of it. Last week the Commission
ports the result is as follows:
adopted a resolution laying out a rapid transit route in
Utica Avenue, Brooklyn, to run south from the
Into
Out of
Net Change in
Banks.
Week ending July 22 1910.
Banks.
Bank Holdings.
Eastern Parkway to a point near Jamaica Bay. The
Week ending July 22 1910.
_
Movement.
Steps
are
__
Banks’ Interior movement, as above.
Sub-Treas. oper. and gold Imports..
$12,642,000
37,900,000
$4,092,000 Gain
29,300,000 Gain
$8,550,000
8,600,000
have referred to this as the first project for
the building of a subway on the assessment plan to
Total gold and legal tenders
$50,542,000
$33,392,000 Gain $17,150,000
receive approval. That, however, is evidently an
The following table indicates the amount of bullion
error.
For last January the Public Service Commis¬
in the principal European banks.
sion approved another Brooklyn assessment project,
Tidy 21 1910
known
Tidy 22 1909
Banks of
England-.
France
Germany..
Russia
Aus.-Hun.
Spald
Italy
....
....
Neth lands
Nat.Belg..
Sweden
Switzerl’d.
..
Norway
..
newspapers
Gold.
Silver.
Total.
Gold.
Silver.
Total.
£
£
£
£
£
£
41,198,125
41,198,125 40,746,378
40,746,378
135,530,800 34,635,360 170,166,160 147,889,640 36,083,68( 183,973,320
39,652,250 14,973,950 54,626,200 40,817,700 13,101,30( 53,919,000
141,213,000
8,640,000 149,853,000 125,678,000
8,818,000 134,496,000
55,408,000 13,124,000 68,532,000 56,526,000 12,828,000 69,354,000
16,274,000 31,063,000 47,337,000 15,990,000 32,122,000 48,112,000
38,991,000
3,820,000 42,811,000 38,517,000
4,710,000 43,227,000
9,237,000
2,091,500 11,328,500 10,533,000
3,716,900 14,249,900
4,596,667
2,298,333
6,895,000
4,227,333
2,113,667
6,341,000
4,447,000
4,447,000
4,377,800
4,377,800
5,765,000
5,765,000
4,775,000
4,775,000
1,681,000
1,681,000
1,697,000
1,697,000
Total week 493,993,842 110,646,143 604,639,985 491,774,851 113,493,547 605,268,398
Prev. week 491,411,407 110,805,510 602,216,917 490,052,959 112,893,273 602,946,232
as
the “Livonia Avenue Route J’
further that the assessment scheme is
As
[showing
making rapid
headway, the Commission last Friday received an
offer from a committee of Brooklyn citizens, repre¬
senting certain real estate interests, offering to operate
the proposed subway lines “along Flatbush Avenue
from Atlantic Avenue to Eastern Parkway and along
Eastern Parkway and Livonia Avenue to New Lots
Road, and also the branches southerly on Utica
Avenue and Nostrand Avenue.”
sion consider their
Should the Commis¬
proposition favorably, they say
they will organize a company in such form as will be
BUILDING SUBWAYS BY ASSESSMENT.
satisfactory to the Commission and the Board of Esti¬
The time has arrived for giving serious consideration mate and make the
necessary formal application.
to the feasibility of the plans which are beiiig proposed
It remains to be said that the assessment scheme has
on every side for building subways by assessments
on also received the approval of the Chamber of Com¬
the property benefited.
For the moment the public merce of this city. Last February the Chamber
appears to have gone subway crazy.
Everybody adopted resolutions endorsing the principle of local as¬
thinks he ought to have a subway either at his front sessments for the extension of
rapid transit systems
door or his back door, and the notion is being sedu¬ into the less densely populated
districts, and saying
lously cultivated that an easy way to attain that the fact that more than 52% of the owners of prop¬
desideratum is for the different suburbs, in a spirit erty had by a written document
signified their consent
of magnanimity, to agree to bear the cost themselves and
approval of the building |of a subway along
by submitting to assessments on the property contig¬ the Livonia Avenue route demonstrated the practic¬
uous to the lines of roads
proposed. The city, in ability of the principle of local assessment under
building subways, is limited in the aggregate outlays it proper safeguards.
can make by the constitutional
It is seldom we find ourselves out of accord with the
prohibition against the
creation of debt in excess of 10% of the assessed value action of the New York Chamber of
Commerce, but in
of real estate.
For of course the amendment to the the present instance it seems to us
something more
constitution adopted last year under which bonds than the assent of a majority of the property owners
issued for self-sustaining improvements may be left (given, we are sure, without an
understanding of what
out of the computation does not otherwise affect is involved in the
proposition) is needed to demonstrate
the limit.
On the other hand, in the case of subways “the practicability of the principle of local assessment*.”
to be built by assessment, there is apparently no limit It
may be that in some isolated cases, where conditions
at all.
are
Certainly no limit is prescribed in the Rapid
exceptional and more than ordinarily favorable to
Transit Act permitting construction under the assess¬ the experiment, the assessment
plan can be made to
ment plan.
work satisfactorily.
But to build subways on the as¬
The localities which are desirous of getting rapid sessment plan by the wholesale
certainly involves
transit lines of this description perceive that if they grave objections and also grave perils. There is
justifi¬
waited for the city at large to build the same out of cation for speaking of “wholesale” building, because
new bond issues they
might have to wait indefinitely, in all parts of the suburbs of the Greater City public
owing to the debt limit. Accordingly, they are having meetings have been held during the last six months at
recourse to the alternative method of building by
which the residents have petitioned for the building
assessment and the public authorities are being over¬ of
rapid transit routes and have declared their willing¬
whelmed with petitions of those who profess great ness to submit to the needful assessment for the
pur¬
willingness to submit to assessments in return for the pose, or, in common parlance, “to bear their share of
expected benefits. It is evident enough that these the cost.” It is proper to recall, too, that on April 4
persons have no conception of what the proposition Mayor Gaynor, together with President Mitchell of the
may involve.
Glib speakers have figured it all out Board of Aldermen and Comptroller Prendergast, as a
and demonstrated to their own satisfaction that the
special committee of the Board of Estimate, held a
cost is to be only a few dollars
per lot, within every¬ hearing in the Aldermanic Chamber to receive the
body’s ability to pay. Under these circumstances suggestions of the public on new subway routes. The
every one, very naturally, is unanimously and enthusi¬ newspapers at the time reported that some 500 persons
astically in favor of the idea.
appeared, representing taxpayers’ and property own-
184
THE CHRONICLE
IVOL.
LXXXXI
era7
organizations and other civic bodies, and advo¬ also, furnishing rolling stock, motive power,
providing
building of subways which would total in power-houses,buying real estate for stations, &c., &c.
cost $800,000,000.
The hearings could not be con¬ The outlay would hence be. very heavy.
Suppose
cluded on that day, and a further
hearing took place after the roads were built their operation resulted in a
the next week at which
proposals for further subways heavy annual loss, the same as does the Staten Island
to cost several hundred millions of dollars were sub¬ ferry and the
Thirty-Ninth Street feny? Would not
mitted, making more than one billion dollars alto¬ these heavy yearly losses, along with the high rate
gether. Of course it would be absurd to suppose of interest and extra annual burden, tend further to
that our public authorities would sanction any impair the credit of the
city?
such inordinate outlays, even if every property
From the other standpoint,
namely that of the
cated the
owner
declared himself in favor.
The
fact, however, property holder who is to bear the assessment, the
proposals reached such an enormous aggre¬ proposition would also appear to be full of pitfalls.
gate is suggestive of the present state of the public The property holder is told he would have to stand
mind on the question, and even if, ultimately, only an assessment of
only about $100 to $150 in order that
$200,000,000 or$300,000,000 were actually authorized, the subway might be built, and as the law
provides
that the
there would be occasion for serious concern.
There are two aspects in which the matter
that
demands
consideration.
One concerns the property owner,
who is to pay for the cost of building these new rapid
transit routes, and the other concerns the city itself.
The latter has thus far been
completely lost sight of.
The property owner is to bear the ultimate cost. But
who is to advance the money in the first instance? Of
course the city is to do it.
How? By the issue of
assessment bonds.
Ordinary assessment bonds, sup¬
ported by the faith and credit of the city, might be
issued, the same as is now done to pay for the cost of
sewers and for
paving and the like; but that would not
answer, since the bonds would fall within the debt
limit and could not be issued. 4
Therefore, the Rapid
Transit Law authorizes a new kind of assessment
bond,
to be known as “Rapid Transit Assessment Bonds.”
Subdivision 7 of Section 37 declares that “such rapid
only one-tenth of the assessment need be
at the start and that the other nine-tenths
paid
may be
paid in nine annual installments, the yearly amount
to be paid would be
only $10 to $15—a comparatively
trivial sum. But
unfortunately, this leaves a great
many factors out of consideration.
A subway with
two tracks will
cost, roughly, $1,500,000 a mile,
according to a speech made by Commissioner Bassett
in November last.
It is assumed that property within
half
mile
either side of the subwav route would
be assessed for the road.
Taking 10,000 lots to the
mile (allowing for streets), this would call for an
a
on
assessment of
just $150
per
lot (20 feet by 100).
On
that basis the payment each year would be $15
per lot.
It must be remembered, however, that
persons who
live in the suburbs do not build houses on a
single
they have, as a rule, is three
lots, giving a frontage of 60 feet, and more often they
transit assessment bonds shall not be issued or sold have five
lots, giving a plot of ground 100 feet square.
upon the faith or credit of the city, and the faith and That is one of the main reasons
whj^ they go out into
credit of the city shall not be pledged, nor shall the
the
city
outlying sections, namely the fact that they can
be liable for the payment of
any thereof, but such get more ground in that way—more light, more air.
bonds shall be payable only out of the
moneys derived With three lots instead of one, the assessment would
from the collection of such assessments as the
shall be paid in.” These bonds are to be
same
20-foot lot.
The least
be $450 and with five lots the assessment would be
payable in $750, and the yearly payments would, respectively,
,
not more than ten years and bear not to exceed 6%
interest. Ordinary New York City
long-term bonds,
be $45 and $75 instead of the $15 assumed..
The
ordinary suburbanite is a person of moderate means,
bearing 4J^% interest, are at present being maintained and a payment each year of $45 or $75 in addition to his
with difficulty at par, and these bonds have the credit
ordinary taxes would be a burden by no means easy to
and the faith of the city, with the whole of its enormous bear.
To a property owner on Manhattan
Island, with
prpperty values, back of them. What rate of interest its high land values and
correspondingly large rent al re¬
would the city have to pay on
rapid transit assessment turns, such sums would undoubtedly be insignificant.
short-term bonds, which the law
expressly declares To the suburbanite they might often mean real hardship.
shall not be secured by the faith and credit of the
As it happens, these figures are
city,
entirely inadequate
“nor shall the city be liable for the
payment of any and represent only a fraction of the assessment burden
thereof,” and which would have absolutely no security the suburbanite might
eventually be called upon to
for their repayment except the assessments on the assume. When
we say a
subway with two tracks
property to be benefitted, with all the uncertainty would cost $1,500,000 per mile, we mean that the mere
which this involves ? It would not be a bit
surprising building of the tunnel or tube would cost that much.
4in these circumstances if the full 6% interest authorized Whatever land or real estate was
required would cost
had to be paid, and doubtless often
(depending upon that much more. It must be remembered, too, that
the condition of the money
market) the bonds might work done by Government is always more
expensive
be unsalable even at 6% interest.
than when done by private parties under the stimulus
Suppose that eventually a considerable amount of of self-interest and estimates have a habit of
rapidly
these special assessment bonds,
bearing a high rate running up until by the time the work is completed
of interest, got afloat—what would be the effect
upon the aggregate cost is found to be two to three times the
the general credit and financial
standing of the city? original figures. An illustration of the truth of that
Would it not be in the highest
degree detrimental? statement is furnished in the case of the Fourth Avenue
Some of these projects, it must be
remembered, the Subway route, a portion of which is now in the course
city would have to finance all through. By that we of construction and bids for the remainder of which
it is
mean that the city would not
only have to build the expected will shortly be invited by advertisement—;
road in the first place, but it wrould have to
equip it after which, according to the daily papers, the building
July 23 1910. j
THE CHRONICLE
of
subways by assessment is to be taken up. In its
issue of March 8 last the Brooklyn “Daily Eagle”
published a lengthy article saying that additional
private property would have to be acquired to facilitate
the construction and operation of the proposed sub¬
way, and that this would add many millions to its
cost.
The original estimate of building the
subway
as far
as
43d Street, Brooklyn, was $15,000,000.
The appropriation was $23,000,000, and it was
thought
this would pay for the cost of the extensions to
Coney
Island and Fort Hamilton.
Now, according to
the “Eagle,” it is estimated by officials that the
actual cost will be much nearer $50,000,000 than the
$23,000,000 set aside for the improvement.
All
this is in accord with the experience in other similar
cases, and accordingly we may take it for granted
that the ultimate cost of subways,
allowing for sta¬
tions and terminals, would be nearer $3,000,000
per
mile than $1,500,000. This would make the assess¬
ment $300 per lot, or $900 for three lots and
$1,500 for
five lots, and would call for payments of $90 and $150
per year, respectively, instead of the $15 with which
started.
we
The
road, however, yet remains to be equipped.
There must be cars and motive power and
powerhouses and wires, boilers, engines, with apparatus for
signaling and ventilation and various other accessor¬
ies. All this is very expensive.
In the event that
the city could find some one to take the contract to
operate the road, the property holder would not be as¬
sessed for the same.
But with the promiscuous build¬
ing of subways out into thinly settled suburbs, the
chance that capitalists could be found to pay the rental
required under the statute would become very slim.
Accordingly, the city itself would have to supply the
equipment and assess the property benefited for the
same.
Foubtless the equivalent of another $1,500,000
per mile would be required for the purpose.
Adding
this on, we have a possible assessment of $450
per 20foot lot, $1,350 for three lots and $2,250 for five
lots,
requiring annual payments, respectively, in the last
two instances, of $135 and $225.
In all this no allow¬
has been made for the interest to accrue on the
bonds during the period of
construction, which, under
ance
the
185
time.
Indeed, the most serious feature from the stand¬
point of the property owner is that he cannot tell how
many assessments he may be called upon to pay. After
he has had his first assessment, others may follow as
additional outlays are incurred. Subdivision 6 of
Section 37 speaks of “the entire amount or amounts
from time to time so assessed against any property
benefited,” &c.
In referring above to possible assessments. of $450
per lot (or more) to which the property owner makes
himself liable in petitioning to be assessed for the build¬
ing of subways, and of assessments of $1,350 for three
lots and $2,250 for five lots, involving yearly pay¬
ments respectively of $135 and $225, our calculation
has been
the
on
the basis of
a
property lying within
flat assessment alike for all
half mile on either side of
the road. As a matter of fact, however, the assess¬
ments will vary according to distance
from the
subway, those lying nearest paying most and those'
furthest away least.
This means that some property
would pay considerably less than the figures given,
but it also means that other property would pay a
great deal more—that is, even more than the $450,
per 20-foot lot.
)
But many suburban lots are not worth more than
$500 a lot, and not a few can be bought for considera¬
bly less than that. This brings up the question
whether such heavy assessments, which
might ap¬
proach confiscation, would be permissible under the
law. The framers of the Rapid Transit Act made
provision for this very contingency, making it evident
that they contemplated the
situation we have
outlined by the figures above.
In the levying of as¬
sessments for ordinary
improvements, such as sewers,
street pavements, &c., the
city is limited to assess¬
a
ments not to exceed one-half the value of the
assessed.
property
The
Rapid Transit Act, however, provides
that for the purpose of rapid transit assessments the
city “shall not be limited in the levying of said assess¬
ment
or
assessments to one-half of the fair value of
any house or lot or improved or unimproved land.”
The property owner, therefore, may
be assessed to the
full value of his property or even more.
Altogether,
it is clear that both the city and the.
property owner
should go slow about entering upon the construction
city’s slow7 methods, might be indefinitely pro¬
longed. The law distinctly provides that bonds for
this may be issued and the
property benefitted as¬
of
sessed therefor.
FOREIGN TRADE OF UNITED STATES 1909-10.
Lest
some one
may
think
we are
exaggerating,
we
will note that Section 37 of the law, in
speaking of the
issue of bonds by the city, says that such bonds
may
be issued “for the purpose of
providing the necessary
means for such construction or
equipment, or both, as
the
case
may
be,
or
lic expense, of any
rapid transit roads
on
the assessment plan.
A
noteworthy expansion in our merchandise imports
during almost every month as contrasted with a
comparatively restricted outward movement of goods,
is the feature of the completed figures of' the
foreign
trade of the United States for the fiscal
year ended
acquiring by purchase, at the pub¬
June 30 1910.
The net result is
such road
in
the merchandise movement than in
or
roads,
or
of galleries,
ways, subways and tunnels for sub-surface structures,
and the necessary means to
pay for lands, property,
rights, terms, privileges and easements, whether of
our
favor
any year
on
since 1895-96.
a
smaller balance
Following the financial crisis
imports, it will be
very important shrinkage
in the fall of 1907, merchandise
own¬ remembered, showed a
abutting owners or others, which shall be acquired month by month, and for the fiscal year 1907-08 there
by the city for the purposes of the construction or the was a decrease in the aggregate of 240 millions of
operation of such road or roads as hereinafter pro¬ dollars as compared with 1906-07.
Exports, on the
vided, and of meeting the interest on the bonds in other hand, did not exhibit
any declining tendency
this section hereinafter
provided for accruing thereon until March 1908, and for the twelve months the loss
prior to the completion and readiness for operation of was only 20 millions. As a
consequence, the net ex¬
the portion of such road or
roads,” &c., &c.
port balance for 1907-08 was the largest in our history.
It is also to be noted that the law does not contem¬ The
following year (1908-09), however, the situation
plate merely a single assessment to be levied all at one was reversed. With improvement
in the business
ers,
186
THE CHRONICLE
and industrial affairs of the United States there
was
a very
noticeable increase in imports, to replenish
stocks of foreign merchandise that had become ap¬
It will be
[VOL.
seen
LXXXXI.
that the total value of merchandise
exports for the twelve months of 1909-10
was
$1,744,-
966,203,
against $1,663,011,104 for 1908-09, and
preciably depleted, while depression abroad, coupled that the imports for the
corresponding periods were
with high prices and short supply of our leading cereals,
-$1,557,854,854 and $1,311,920,224 respectively, leav¬
operated considerably to curtail the volume of ex¬
ing, therefore, a net export balance of only $187,111,ports. The result was a very large diminution in the
349 in 1909-10, which compares with $351,090,880
in
country’s net export balance.
1908-09
and
the
record
net outflow of $666,431,554 in
In the fiscal year lately ended an increase over
1908-09 in the volume of merchandise exports is to be 1907-08.
Shipments of breadstuffs were in the aggregate
noted, but only a veiy moderate one—82 millions of
•dollars. The aggregate outflow, moreover, covered a appreciably less, having reached only $132,700,000,
value more than a hundred millions less than in either against $159,929,221 in 1908-09 and $215,260,588 in
1907-08 or 1906-07 and only a million greater than in 1907-08; in fact, in only three years of the last
twenty
1905-06.
In contradistinction, imports exhibited a were the totals lower than now recorded.
Decreases in
very important augmentation, exceeding 1908-09 by quantity sent out in 1909-10 were in a measure offset
246 millions, and showing a gain over the previous
by higher prices obtained, the average value of wheat
record total (that of 1906-07) of 123 millions. Nor
is that all; in four of the twelve months of the year shipments having been $1 02% per bushel, against
$1 01 7-10 a year ago, 99.4c. in 1907-0S and only
exports were actually less than the imports, and in
Flour likewise averaged higher,
March the balance against us (19)4 millions) was 78.7c. in 1906-07.
the 1909-10 value per barrel having been no less than
greater than in any month since April 1897. The
total foreign trade of the country for 1909-10, of $5 27%, as compared with $4 86% in 1908-09, $4 60%
Corn was shipped
course, at 3,302% millions of dollars, shows a very in 1907-08 and $3 99 in 1906-07.
appreciable increase over either of the two pre¬ a little more freely than in 1908-09, but exports were
ceding years, and closely approximates the record conspicuously small as contrasted with many earlier
result of 1906-07; but, as augmented imports account
The year’s average price at 69c. per bushel,
years.
for that outcome almost wholly, the favorable or net
while fractionally lower (1.3c.) than in the previous)
export balance for 1909-10 is, as already stated, the
year, showed an important gain over 1907-08 (64.7c.)
lowest since 1895-96.
and
1906-07
(53.1c.). The outgo of provisions
High prices as well as comparatively short supply,
shows a further important shrinkage in value and the
as in the case of our cereals,
accounts for the decreased
outflow of some of our commodities; but it is to be aggregate,at $130,800,000,is the lowest for any fiscal
noted that while the quantity of cotton sent out during year since 1888-89. Cotton shipments, on the other
the last fiscal year was nearly 28% less than in 1908-09, hand, while recording a heavy diminution in quantity,
it represented a value almost 8% greater than in that covered a value much greater than in 1908-09, or in
year.
To indicate fully the changes in our foreign fact of any year in our history except 1906-07. The
trade movement we append a compilation showing the
average value in 1909-10 was 14.05c. per lb., against
imports, exports and balances of merchandise, month only 9.38c. in 1908-09 and 11.47c. in 1907-08. The
by month and quarter by, quarter, and quarterly re¬
exported in 1909-10 had a value of
sults for gold and silver, for the last two fiscal years. 6,063,000 bales
$450,500,000, whereas in the previous season 8,577,728
The statement will, we believe, repay perusal.
FOREIGN TRADE MOVEMENT IN 1909-10 AND 1908-09.
bales brought only $417,390,665, and two years ago
7,434,580 bales represented a return of $437,788,202.
Exports of petroleum at 1,425,000,000 gallons, valued
at $92,000,000, were moderately less than the record
figures of the previous year (1,458,483,303 gallons and
$105,999,637), with the dedine proportionately great¬
est in the value, owing toHfe lower average price
received. The four leading items of exports (breadstuffs, cotton, provisions and petroleum) furnish a
total value of $806,000,000, or $43,841,472 less than
the same articles covered in 1908-09, leaving 939
millions of dollars as the measure of the shipments
commodities in 1909-10, an aggregate never
before reached and 126 millions larger than a year ago.
of all other
5
£
»H
e5
i*
Si 6 a
*
a
*
Excess of Imports.
t-*
a)
-
-
.
Safe-
•Sl§ h| = l
S530
SoqO
Figures for the other articles of export, however, for
the full fiscal year will not be available until about the
close of July. A study of the returns for the eleven
months reveals large gains in crude materials for use in
manufacturing, in manufactures in a partly finished
state and in manufactures ready for use.
Iron and
steel manufactures, for instance, exhibit an increase
of 31% millions of dollars, wood and manufactures
10 millions, furs and fur-skins 5% millions, naval
stores 3% millions, automobiles 4 millions, and smaller
gains are shown in India-rubber and manufactures,
cotton manufactures, chemicals, coal, paraffin fruits,
and nuts, &c.„ The articles recording losses, other
than the leading staples already referred to, are com¬
paratively few in number and the amounts generally
July
small.
231910.]
important losses are 7 millions in
millions in vegetable oils.
The most
GOLD
310685908911
oil-cake and 6
particularly notable feature of our export trade
of recent years has been the development of the iron and
steel manufacturing industry. As late as 1894-95
our imports of these articles exceeded the exports
by
3 millions; now (in 1909-10) the balance for the eleven
by 127 millions. Concur¬
rently, production of pig iron has steadily advanced
here and the United States is now by far the world’s
largest producer.
Among articles of import the expansion in 1909-10
over 1908-09 has been very general and, as in exports,
largely in manufactures or manufacturers’ materials.
It would require too much space to go through the
entire list and particularize, but some of the more im¬
portant increases may be mentioned. In India-rubber,
&c., and manufactures, part of the augmentation of
423^ millions of dollars for the eleven months for
which we have returns is owing to the rise in prices;
but the same is not true to any very appreciable extent
of the gain of 36 millions in hides and skins, 19 millions
in diamonds and other precious stones, 153^ millions
981
in iron and steel and
Gold.
by the unusually heavy inflow in
which was directly ascribable to
the low prices then ruling.
With our merchandise balance so largely reduced,
the gold movement of the year has been heavily
against us, exports having reached $118,563,215,
the largest in amount of any year in the record, and
exceeding those of 1908-09 by 27 millions. Gold im¬
ports, on the other hand, have been comparatively
moderate. The net gold outflow, therefore, reaches
a
large aggregate ($75,223,310), the largest since
1895-96, and exceeding 1908-09 by nearly 28 millions.
We append a series of tables which have furnished
the basis of the figures and remarks contained in the
above discussion. They will be found useful for refer¬
ence
and
as a
matter of record.
VALUE OF IMPORTS AND EXPORTS OF MERCHANDISE FROM 1891 TO
1909, INCLUSIVE.
Merchandise.
Year ending
June 30.
Exports.
Total 5 years
Average
Total Imports
or
and
Imports.
Exports.
Imports.
%
1892
1893
1894
1895
Excess of Exports
%
$
48,594,099
212,397,086
7,126.451
244,132,692
75.568,200
1,720,089,669
1,847,389,880
1,701,683,901
1,539,682,726
1,539,508,130
4,460,959,966 3,887,394,340 Exp.
892,191,993 777.478,868 Exp.
573,565,626
8,348,354,306
835,747,785
817,496,397
854,405,176
647,775,017
731,969,965
Excess of
ending
June 30.
Exports.
1891
1892
1893
1894
1895
1896
1897
1898
—
—
...
...
...
...
...
...
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
...
...
...
...
...
...
...
86,362,863
50,208,331
108.697,451
76.995,130
66,468.481
112,409,947
40,361,580
15,406,391
37.522.086
48,266,759
53,185,177
48,568,950
47,090,595
81,459,986
92,594,024
38,573,591
51,399,176
...
...
72,432,924
...
—
a-
91,531,818
118,563,215
%
18,447,370
49,948,758
Exports.
+259,573
+86,628,071
+4,005,567
+30,083,721
+78,884,882
—44,653,200
—104,985,283
—51,432,517
+3,693,575
—12,866,010
—3,452,304
+2,108,568
—17,595,382
+38,945,063
—57.648,139
—63,111,073
33,182,220
41,107.181
50,667.059
24,295,286
60,541,670
61,946,638
55,105,239
56,319,055
56,712,275
64,285,180
49,732,390
44,250,259
49,472,702
48,848,812
65,869,063
56,739,073
—75,904,397 57,921,202
+47,527,829 55,682,792
22,069,380
72,989,563
36,384,760
33,525,065
85.014,780
120,391,674
88,954,603
44,573,184
66,051,187
52,021,254
44,982,027
99,055,368
53,648,961
96,221,730
114,510,249
148,337,321
44,003,989
43,339,905
29,611,847 3,570,373
34,293,999 6,813,182
19,965,713 30,701,346
20,211,179 27,084,107
28,777,186 31,764,484
30,533,227 31,413,411
30,927,781 24,177,458
30,675,056 25,643,999
35,256,302 21.455,973
36,386,521 27,898,559
28,232,254 21,500,136
24,163,491 20,086,768
27,768,814 21,703,888
27,484,865 21,363,947
44,442,540 21,426,523
42,946,624 13,792,449
44,658,097 13,263,105
43,954,810 11,727.982
+75,223,310 55,286,861 45,217,194 10,069,667
Figures for 1909 are not final, and are subject In all cases to slight corrections
are received,
b This Is an excess of Imports.
when later returns
VALUE OF BREADSTUFFS EXPORTS.
FtscalYear
ended
June 30.
1892
—
1910
a
Wheat
Wheat.
Flour.
Total
Wheat
and Flour.
S
$
%
51,420,272
161,399,132
93,534,970
59,407.041
43,805,663
39,709,868
59,920,178
145,684,659
104,269,169
73,237,080
96,771,743
112,875,222
87,795,104
35,850,318
3,905,579
28,757,517
60,214,388
99,736,767
Total Wheat
Com
and Flour.
Com.
54,705,616 106,125,888
75,362,283 236,761,415
75.494.347 169,029,317
69,271,770 128,678,811
51,651,928 95,457,591
52,025,217 91,735,085
55.914.347 115,834,525
69,263,718 214,948,377
73,093,870 177,363,039
67,760,886 140,997,966
69,459,296 166,231,039
65,661,974 178,537.196
73,756.404 161,551,508
68,894,836 104,745,154
40,176,136 44,081,715
59,106,869 87,864,386
62,175.397 122,389,795
64,170,508 163,907,275
*
17,652,687
41,590,460
24,587,511
30,211,154
14,650,767
37,836,862
a
S
123,778,575
278,351,875
193,616,828
158,889,965
110,108,358
129,571,947
169,921,677
289,145,227
246.340.487
226,203,366
248,759,022
194,722,869
202,092,145
134.816.488
91,528,636
149,926,242
166,651,611
197,849,472
128,121,656
299,363,117
200,312,654
166,777,229
114,604,780
141,356.993
197,857.219
333,897,119
273,999,699
262,744,078
275,594,618
213,134,344
221,242,285
149,050,378
107,732,910
186,468,901
184.120.702
215,260,588
EXPORTS
received.
are
OF
LEADING
STAPLES—COTTON,
BREADSTUFFS,
PROVISIONS AND PETROLEUM.
Fiscal
Year
Bread-
ending
stuffs.
Provisions
and Dairy
Products.
Cotton.
June 30.
Petroleum.
Total
Four
Total
AU
X
Staples.
Exports.
%
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
a
...
...
...
...
...
—
...
—
...
—
...
—
...
...
a..
%
%
%
6
%
128,121,656 290,712,898 139,017.471 52,026,734 609,878,759 884,341,884
299,363,117 258,461,241 140,362,159 44,805,992 742,992,509 1,029,893,483
200,312,654 188,771,445 138,401,591 42,142,058 569,627,748 847.278,725
166,777,229 210,869,289 145,270,643 41,499,806 564,416,964 891,907,709
114,604,780 204,900,990 133,634,379 46,660,082 499,800,231 807,538,165
141,356,993 190,056,460 131,503,590 62,383,403 525,300,446 882,606,938
197,857,219 230,890,971 137,138,084 62,635,037 628,521.311 1,050,993,556
333,897,119 230,442,215 167.340.960 56,125,578 787,805,872 1,231,482,339
273,999,699 209,564,774 175,508,608 56,273,168 715,346,249 1,227.023,302
262,744,078 241,832,737 184,453,055 75,611,750 764,641,620 1,394,483.082
275,594,618 313,673,443 196,959,637 71,112,788 857,340,486 1,487.764,991
213,134,344 290,651,819 199,861,378 72,302,822 775,950,363 1,381,719,401
221,242,285 316,180,429 179,839,714 67,253,533 784,515,961 1,420,141,679
149,050,378 370,810,246 176,027,586 79,060,469 774,948,679 1,460,827,271
107.732,910 379,965,014 169,999,685 79,793,222 737.490,831 1.518,561,666
186,468,901 401,005,921 210,990,065 84,041,327 882,506,214 1,743,864,500
184,120,702 481,277,797 202,392,508 84,855,715 952,646,722 1,880,851,078
215,260,588 437,788,202 192,802,708 104,116,440 949,967,938 1,860,773.346
159,929,221 417,390,665 166,521,949 105,999,637 849,841,472 1,663,011,104
132,700,000 450,500,000 130,800,000 92,000,000 806,000,000 1.744,966,203
Figures for 1910 are not final,and are subject In all
cases
to slight corrections
when later returns are received.
x
Including both crude and refined, and also residuum.
COTTON AND PETROLEUM EXPORTS BY
QUANTITIES.
Cotton Exports.
Year ending June 30.
x
...4981
Total 5 years
5,786,589,208 3,707,594,413 Exp. 2,078.994,795 9,494,183,621
1895—
Average 6
1.157,317,842
1,898,836,724
...
9
741,518,8838
1
Exp.
415,798,959
1897—.
1901
2,310,937.156
1,487,764,991
..
8
9
823.172,1658
1
Exp.
664,592.826
1902
1,381,719,401
2,285,040,349
903,320,9488
..9
9
1
Exp.
478.398,453
1903
1,420,141,679 1,025,719,237 Exp.
1900—
394,422,442 2,445,860,916
1904
1,460,827,271
991,087,371 Exp.
469,739,900 2,451.914,642
1901—
1905
1,518,561,666
2,636,074,737
...
2
0
1.117,513.0719
1
Exp.
401,048,595
...3091
Total 5
years... 7,269,015,008
12,129,827,800
4.860.812.7929
...
4
0
1
Exp. 2,408,202,216
Average 5
1.453,803,002
2,425,965,560
...
0
972,162,5589
Exp.
481,640,444
1
..6091
1906
1,743,864,500 1,226,562,446 Exp.
517,302,054 2,970,426,946 1907-.
1907
1,880.851,078
3,315,272,503
1,434,421,4259
Exp.
446,429,653
..
8
0
1
1908
1,860.773,346
3,055,115,138
..
9
0
1.194.341.7929
1
Exp.
666,431,554
1909
1,663,011,104 1,311,920,224 Exp. 351,090,880 2,974,931,328
1910.a.
1910
1,744,966,203 1.557.854,854 Exp.
187,111,349 3,302,821,057
Note.—The foregoing figures are exclusive of gold and silver In ore exported and
Imported, which we Include In gold and silver.
stuffs.
I
Figures for 1910 are not final, and are subject In all cases to slight corrections
when later returns
114,713,125 1,669,670.861
8,893,466.231 6,725,i00.741 Exp. 2,168,365,490 15,618,566.972
1,778,693,246 1,345.020.148 Exp.
433,673,098 3,123,713.394
Total all
Bread-
54,087,152
74,196,850
68,977,448
85,506,400
82,527,983
16,185,673
40,540,637
30,071,334
47,446,921
62,061,856
44,261,816
33,942,197
68,094,447 51,157,366 119,251,813 25,194,466 144,446,279 159,929,221
47,805,000 47,620,000 95,425,000 25,000,000 120,425,000 132,700,000
.
Imports.
$
%
%
1
+67,915,493 22,729,705 26,980,488 64,250,783
882,606,938 779,724,674 Exp.
102,882,264 1,662,331,612
1897
1,050,993,556 764.730,412 Exp.
286,263,144 1,815,723,968
1898
1,231,482.330 616,049,654 Exp.
1891—
615,432,676 1,847,531,984
1899
1,924,171,791
1,227,023,302
..
2
9
697,148,4898
1
529,874,813
Exp.
1900
1,394,483.082
2,244,424,266
..3
9
1
849.941,1848
Exp.
544,541.898
Total 5 years...
Exports.
Note.—Gold and silver In ore, exported or Imported, are Included In the above.
a
4896
Average
Excess
Exports (+)
or Imports (—)
Imports.
%
%
Exp.
Exp.
Imp.
Exp.
Exp.
884,341,884
1,029,893,483
847,278,725
891,907,709
807,538,165
Silver.
Year
manufactures, 10 millions in
chemicals, 10 millions in wood and manufactures, 11
millions in wool, and the smaller increases in sugar,
cotton and manufactures, fibres and manufactures,
woolen manufactures, seeds and numerous other
articles. Silk and coffee alone of the leading items
of importation show decreases as compared with
1908-09 and the falling off of 1134 millions in the first
named is explained
the previous year,
SILVER MOVEMENT.
-
A
months is the other way
AND
a
Figures for
Pounds.
5,820,779
5,891,411
4,431,220
5,397,509
6,965,358
4,659,765
6,176.365
7,581,004
7.373,382
6,090,144
6,508,450
6,873,692
6,938,279
6,009,194
8,337,964
7,050,856
8,708,469
7,434,580
2.907,358,795
2,935,219,811
2,212,115,126
2,683.282,325
3,517,433,109
2,335,226,385
3.103,754,949
3,850,264,295
3,773,410,293
3,100,583,188
3,330,890,448
3,500,778,763
8,577,728
6,063,000
19io
when later returns
x
Bales.
are not
are
3,543,043,022
3,063,912,760
4,304,848,903
3.634,045.170
4,518,217,220
3,816,998,693
4,447,985,202
3,206,000,000
very small.
Gallons.
708,220,777
714,808,479
803,680,186
908,041,306
884,364.574
890,254,034
967.525.242
1,014,276.272
919,044,718
950,623,155
1,008,947,394
1,075,899,960
941,156,856
961,860,345
1,074,384,814
1,182,917,221
1,185,202.449
1,372,955.746
1,458,483,303
1,425,000,000
final, and are subject In all cases to slight corrections
received.
Includes both crude and refined, but not residuum,
being
Petroleum,
the exports of the latter
188
THE CHRONICLE
BREADSTUFFS EXPORTS BY QUANTITIES.
Year
ended
June 30.
Avge.
Wheat.
-
Bushels.
1891
1892..
1893..
1894
18951896
18971898
1899..
...
..
..
—
1900..
1901
—
1902..
1903..
1904
—
1905
1906
—
.
.
1907
19081909..
1910a.
—
per
bush.
$
55,131,948 0.933
157,280,351 1.026
117,121,109 0.799
88,415,230 0.672
76,102,704 0.576
60,650,080 0.655
79,562,020 0.753
148,231,261 0.983
139,432,815 0.748
101,950,389 0.718
132,060,667 0.733
154,856,102 0.729
114,181,420 0.769
44,230,169 0.811
4,394,402 0.888
34,973,291 0.822
76,509,423 0.787
100,371,057 0.994
66,923,244
46,700,000
1.017
1.026
Avge.
Flour.
Barrels.
11,344,304
15,196,769
16,620,339
16,859,533
15,268,892
14,620,864
14,569,545
15,349,943
18,485,690
18,699,194
18,650,979
17,759,203
19,716,484
16,999,432
8,836,335
13,919,048
15,584,667
13,927,247
10,521,161
9,200,000
per
bbl.
$
4.822
4.959
4.542
4.109
3.383
3.558
3.849
4.512
3.954
3.624
3.724
3.697
3.748
4.053
4.547
4.246
3.990
4.608
4.862
5.274
Avge.
Total
Wheat
Corn.
per
bush.
and Flour.
Bushels.
106,181,316
225,665,810
191,912,634
164,283,119
144,714,146
126,443,968
145,088,972
217,306,004
$
Bushels.
30,768,213
75,451,849
46,037,274
65.324,841
27,691,137
99,992,835
176,916,365
208,744,939
174,089,094
209,348,284
177,817,965
26,636,552
74,833,237
55,858,965
88,807,223
222,618,420
186,090,564
215,990,073
234,772,515
202,906,273
120,727,613
44,162,409
97,609,007 117,718,657:
146,640,424 83,300,708
163,043,668 52,445,800
114,268,468 35,853,412
88,100,000 36,250,000
0.570
0.500
0.534
0.462
0.529
0.378
0.306
0.355
0.397
0.407
0.464
0.608
0.542
0.538
0.534
0.527
0.531
0.647
0.703
0.690
a Figures for 1910 are not
final, and are subject in all cases to slight corrections
when later returns are received.
RAILROAD GROSS AND NET EARNINGS FOR
MAY.
Our
[VOL.
LXXXXI
ceding. The gain over last year reaches no less than
$31,983,394, or 16.25%. The augmentation in expenses,
however, still continues the most conspicuous feature.
Of the $31,983,394
gain in gross, no less than $26,756,567
consumed
was
lows that
by augmented expenses. It fol¬
only $5,226,827 was saved for the net. Here
the totals for the month.
are
May (725 roads)—
Miles of road
Gross earnings
Operating
expenses
Net earnings—.
For not
few
a
1910.
1909.
229,345
S230,033,384
159,949,214
225,274
$198,049,990
133,192,647
$70,084,170
$64,857,343
—Increase or Decrease—
Amount.
%
Inc.
4,071
1.80
Inc. $31,983,394
16.25
Inc.
26,756,567 20.09
Inc.
leading roads the result
$5.226,S27
as
8.06
to net is
than is here disclosed by the general totals,
being an actual loss in net in such instances—not
merely a small increase. Before dealing, however,
with the figures of the separate
roads, we wish to point
out that,
speaking of the roads collectively, the present
year’s improvement, in gross and net alike, follows
improvement last year. In 1908, on the other hand,
at the time of the
great prostration of all industrial
interests following the financial upheaval of the
pre¬
vious year there was a tremendous
shrinkage in both
gross and net earnings.
Our own compilation for May
last year recorded $26,226,645 increase in
gross and
$14,901,120 increase in net. This covered 220,514
poorer
there
compilations of the earnings of United States
railroads for the month of May reveal the same char¬
acteristics as the returns for the months preceding.
By this we mean that the showing is very satisfactory
as far as gross revenues are
concerned, indicating a
large volume of traffic and continued activity in trade,
but that it is somewhat disappointing as far as the net
results are concerned, owing to the great augmenta¬
tion in expenses which has been taking place. There miles of road. Some time later the Inter-State Com¬
is no actual loss in net, speaking of the roads as a merce Commission made public totals covering 234,110
whole; but though there is an increase, this increase is miles, and these recorded $27,044,934 increase in gross
and $15,131,201 increase in net.
In May 1908 our
relatively small and is not commensurate with the
additions to capitalization in the shape of new stock compilations showed a contraction in gross earnings
in the enormous sum of $38,537,942 and a shrinkage
and bond issues which the
carrying companies have in net
of $12,845,751.
This, however, did not indi¬
been obliged to make in order to provide for the
grad¬ cate the full
extent of the shrinkage at that time.
ually expanding volume of business. It is in part to
meet the great augmentation in expenses that railroad Owing to the circumstance that the roads were doing
so poorly and
comparisons were so extremely bad,
managers desire to raise rates.
From this week’s ac¬
tion of the railroads in their conferences with the In¬ some important companies withheld their returns,
ter-State Commerce Commission, it is evident that the and consequently our aggregate covered only 153,310
miles of line. A table we presented covering gross
proposed advances in rates are to be still further de¬
alone gave a loss in gross of $45,034,243 for 185,S97
ferred, the railroads in order to save the Commission
miles of road.
Careful computation which we made
the necessity of formally
suspending the various higher later in the
year led us to the conclusion that the loss
schedules having agreed voluntarily to withdraw
in gross in May 1908, including all the roads in the
them and hold them in abeyance until Nov. 1.
In
country,must have been,roughly,$55,000,000 and the
the meantime the increases in
wages promulgated
loss in net $18,000,000. In the following we show
early in the year continue in effect, and new wage
the May comparisons for each year back to 1896.
schedules are being announced from time to
time, as For 1909 we use the
Inter-State Commerce totals,
Witness the recent award on Southern
roads, carry¬
but for preceding years we give the results just as regis¬
ing advances effective July 1, with further advances
tered by our own tables each year—a portion of the
to be made next
April.
railroad mileage of the country being always unrepre¬
Our compilations to-day are based
upon the returns
sented in the totals, owing to the refusal of some of
of earnings which the roads are
obliged to file with the
the roads to furnish monthly figures for publication.
Inter-State Commerce Commission at
*
each month.
In the
Washington
monthly number of our “Railway
Earnings Section,” which accompanies to-day’s issue
of the “Chronicle,” will be found the detailed
reports
of earnings and expenses of all the
separate roads. In
the present article we deal with the summaries
derived
from these statements of the separate
roads. It is
needless to say that the results are
very comprehen¬
since
sive,
every operating steam railroad in the United
States is required to render monthly
reports to the
Commission—barring those few lines operating ■
Gross Earnings.
Year
Year
Given.
Preceding.
S
May.
1896
1897
...
...
1898^
18997..
1900
1901
1902
1903
1904
1905
1908
1907
1908
1909
1910
-
...
...
_
—
...
...
...
...
...
...
....
en¬
Net
Earnings.
Year.
...
50,138,645
57,420,309
67,659,828
72,431,677
81,058,532
97,147,152
95,860,907
103,882,990
108,565,266
121,005,979
115,304,506
144,267,760
133,680,555
201,572,072
230,033,384
Increase or
Decrease.
Year
Given.
Year
Preceding.
Increase or
Decrease.
%
$
+ 8,789 13,861 785
+ 1,851,393 16,795 849
+ 8,625,684 20,820, 846
+ 4,756,603 23,287, 947
+ 8,173,226 24,808 411
+ 11,286,982 31,083 786
+ 5,769,779 29,779, 428
+ 13,082,199 33,980, 575
—2,463,288 31,807 800
+ 11,133,864 36,265, 119
+ 9,517,444 34,414, 213
+ 23,192,776 43,765 836
—38,537,942 38,076 927
+27,044,9 01 65,725 770
198,049,999 +31,983,394 0,084 170
50,129,856
55,568,910
59,034,144
67,675,074
72,885,306
85,860,170
90,091,128
90,800,791
111,028,554
109,872,115
105,787,062
121,074,984
172,218,497
174,527,138
,878,919 —1,017,164
,615,804 + 2,180,045
,335,134 + 3,485,712
,883,314 + 2,404,633
,310,286 + 1,498,125
,283,210 + 4,800,576
,640,038 + 1,139,390
,937,381 + 5,043,194
,801,674 —2,993,868
,691,936 + 3,573,183
,946,848 + 3,467,365
,319,290 + 6,446,546
,922,678 —12,845,751
,594,569 + 15.131,201
,857,343 + 5,226,827
tirely within State boundaries. Altogether, we have
Note.—Includes for May 118 roads in 1896: 128 in 1897; 127 In 1898; 123 in
1899; 128 in 1900; 116 in 1901; 109 in 1902; 101 in 1903; 103 in 1904; 100 in 1905;
figures covering 725 companies, comprising an aggre¬ 96
in 1906: 92 in 1907; 101 in 1908; 724 in 1909; 725 in 1910.
Neither the Mexi¬
the coal-mining operations of the anthracite coal roads
included
gate of 229,345 miles of line, or about 97% of the rail¬ in roads
of these totals.
road mileage of the country.
As an indication of the way some of the separate
In the gross revenues the comparison
may be said companies have suffered by reason of the great in¬
can
nor
are
any
to be
even
better than for the month
immediately
pre¬
crease
in expenses, we may note that the
Atchison
July 23
1910.]
THE CHRONICLE
Topeka & Santa Fe, which has been conspicuous in
that respect in previous months, is again conspicuous
in the same way; the company gained $1,021,542 in
Many other .roads
gross but lost $287,791 in net.
in the Southwest have a similar story to tell. On the
Rock Island the gain in gross reached only $190,497;
hence, owing to the large increase in expenses, this
company falls no less than $715,682 behind in net.
The St. Louis & San Francisco gained $180,565 in
gross and has a decrease of $189,146 in net.
The Mis¬
souri Kansas & Texas, while having added $113,467
to its gross, has lost $171,044 in net.
Some of the roads in the Middle West this time also
189
These figures are furnished by the company.
These figures represent the lines directly operated east and west of
Pittsburgh, Eastern lines showing $1,737,511 Increase and the Western
lines $1,616,813.
For all lines owned, leased, operated and controlled, the
result for the month Is a gain of $4,120,844 In gross; In the net the Eastern
lines showed $58,261 decrease and the Western lines $142,992 Increase.
For all lines owned, leased, operated and controlled, the net result for the
month Is a gain of $250,600.
c
V
PRINCIPAL
CHANGES IN
NET EARNINGS IN MAY,
Increases.
Southern Pacific
Duluth Miss & Northern.
Missouri Pacific.
660,600
C554.549
518,213
438,320
423,374
305,110
276,690
238,857
232,964
222,316
208,291
204,873
167,726
164,786
135,261
128,401
116,909
111,440
106,932
C106.078
105,340
Phlla & Reading
Union Pacific
Great Northern
Baltimore & Ohio
Central of New Jersey
Denver & Rio Grande
Pittsburgh & Lake Erie.
Duluth & Iron Range
Chicago Burl & Quincy.
Southern Railway
_
Chic MUw & St Paul
Lehigh Valley
Northern Pacific
Minn St Paul & S S M
have poor exhibits of net, and
the bituminous coal regions of
Increases.
$762,753 Colorado & Southern
$102,494
Representing 23 roads
In our
compilation.. $6,292,277
Rock Island
Illinois Central
San Ped Los A & S L
Atch Topeka & Santa Fe
Cleve Cine Chic & St L__
Lake Shore & Mich Sou..
St Louis & San Francisco
Chicago & Alton
Missouri Kan & Tex
Central of Georgia
St Louis Southwestern.
Buffalo Roch & Pittsb..
$715,682
486,680
395,925
287,791
209,494
199,137
189,146
181,450
171,044
118,691
116,059
100,754
Valley.
doubtless the strike in Hocking
International & Gt Nor.
Norfolk & Western
Illinois had something Chicago Great Western..
Representing 12 roads
In
compilation._ $3,171,853
to do with this.
The Illinois Central belongs in that Seaboard Air Line
These figures are furnished by the company.
class; it gained $254,050 in gross, but suffered a de¬
Classifying the roads in groups or geographical
crease of $486,680 in net.
The Chicago & Alton falls
$26,3S9 behind in gross and $181,450 in net. The divisions, as is our custom, we find that every section
records a gain in gross, but that one of the divisions
trans-continental lines, more particularly the Southern
shows a loss in net; in two other groups, wThile there !fl
Pacific, the Union Pacific and the Great Northern,
an increase in net, the increase is very small.
The
make much better exhibits of net than heretofore.
geographical
section
having
a
loss
is
that
composed
On the other hand, the great East and West trunk
of groups 8 and 9, comprising the roads in the South¬
lines, like the Pennsylvania and the New York Central,
western part of the country.
The result by groups is
continue to reflect the prominent part played by in¬
_
_
our
c
creasing
expenses in the
Thus the Pennsylvania
affairs of our leading systems.
Railroad on the lines directly
operated east and west of Pittsburgh reports $3,354,324
increase in gross, with only $84,731 increase in net;
taking all lines owned, leased, operated and controlled
by the Pennsylvania, there is $4,120,844 increase in
gross, with only $250,600 addition to net.
The New
York Central has $901,499 increase in gross, with
$76,056 increase in net.
This
covers
set out in the table which
SUMMARY BY GROUPS.
■Gross
Section
or
Including the various auxiliary and
controlled roads, the improvement for the month
reaches $2,720,240 in gross, but only $9,563 in net.
The following shows all changes for the separate
roads for amounts in excess of $100,000, whether in¬
creases or decreases, both in the
gross and in the net.
In the case of the gross, it will be observed, there is
only one decrease above the amount named—that of
$394,714, by the San Pedro Los Angeles & Salt Lake,
part of whose line was closed by floods; in the case of
the net there is quite an extensive list of decreases.
PRINCIPAL CHANGES IN GROSS EARNINGS IN MAY.
Increases.
Increases.
Pennsylvania
i/$3,354,324 Cleve Cine Chic & St L._
$190,992
Baltimore & Ohio
Rock
Island
190,497
1,698,443
Southern Pacific
189,790
1,535,365 Michigan Central
Great Northern.
186,877
1,434,461 Wabash
Northern Pacific.
184,720
1,107,419 Wisconsin Central
Duluth & Iron Range—
180,565
1,037,012 St Louis & San Fran
Atch Topeka & Santa Fe
175,125
1,021,542 Pere Marquette
Union Pacific
172,451
986,851 Bessemer & Lake Erie..
N Y Central & Hud River
170,924
Mobile
&
Ohio
a901,499
Louisville & Nashville—
167,123
880,428 Phlla Balto & Wash
Chicago & North West..
166,215
802,923 Buffalo Rochester & Pitts
Duluth Mlssabe & Nor._
157,339
760,837 Chic St Paul Minn & Om_
Philadelphia & Reading.
156,830
752,070 Spokane Port & Seattle.
Chicago MUw & St Paul.
738,618 Chesapeake & Ohio
156,072
Missouri Pacific
Cln
147,676
New Orl & Tex Pac.
C716.423
Chicago Burl & Quincy..
144,355
677,903 Oregon & Washington.
NYNH & Hartford
139,690
629,498 Yazoo & Miss Valley
Southern Railway
131,456
626,094 Cln Ham & Dayton
Lake Shore & Mich Sou..
125.429
565,253 Texas & Pacific
Norfolk & Western
117,627
531,021 Kansas City Southern—
Pittsburgh & Lake Erie.
116,981
436,472 Vandal la
Central of New Jersey
113,809
350,585 Long Island
Lehigh Valley
113,467
350,014 Missouri Kansas & Texas
Boston & Maine.
111.429
270,888 N Y Ont & Western..—
Atlantic Coast Line
109,797
264,109 Toledo & Ohio Central._
Del Lack & Western
108,998
260,165 Wheeling & Lake Erie..
Hocking V&lley
105,626
259,578 International & Gt Nor..
Illinois Central
254,050
Chicago Great Western._
C250.079
Representing 61 roads
Colorado & Southern
In our compilation..$28,540,714
239,411
_
_
May—
Group 1 (29 roads) New England
Group 2 (133 roads) East and Middle.
Group 3 (99 roads) Middle West.
Groups 4 and 5 (143 roads) Southern..
Groups 6 and 7 (110 roads) Northwest.
Groups 8 and 9 (155 roads) Southwest.
Group 10 (56 roads) Pacific Coast
.
Total (725 roads)
218,314
206,426
195,433
195,346 San
Decrease
Ped Los A & S Lake.
$394,714
Note.—All the figures In the above are on the basis of the returns filed
with the Inter-State Commerce Commission.
Where, however, these re¬
turns do not show the total for
any system, we have combined the separate
roads so as to make the results conform as nearly as possible to those given
In the statements furnished by the companies themselves. •
a These figures cover
merely the operations of the New York
Itself.
Central
Including the various auxiliary and controlled roads, like the Michigan Cen¬
tral, the Lake Shore, the “Big Four,” the “Nickel Plate,” &c., the whole go¬
ing to form the New York Central System, the result Is a gain of $2,720,240
m KThss and a gain of $9,563 In the net.
1910.
$
1909.
$
10,978,386
56,761,168
32,697,910
27,598,802
52,372,859
34,771,033
14,853,226
..230,033 384
9,899,186
49,083,880
27,525,995
23,579,709
44,101,451
31,289,524
12,570,245
Inc. (+) or
Dec. (—).
$
+1,079,200
+7,677,288
+5,171,915
+4,019,093
+8,271,408
+3,481,509
+2,282,981
%
10.90
15.64
18.79
17.05
18.75
11.12
18.16
198,049.990 +31,983.394 16.25
-Net Earnings
Mileage
1910.
GrouD No. 1
7,584
Group No. 2
25,518
Group No. 3
26,344
Groups Nos. 4 and 5... 38,674
Groups Nos. 6 and 7... 61,804
Groups Nos. 8 and 9... 53,747
Group No. 10
15,674
1909
7,556
25,218
26,132
37,977
61,151
52,422
14,818
Inc. (+) or
1910
1909.
Dec. (—)
S
$ '
$
%
3,467,518 3,405,904
1.81
+61,614
18,427,076 16,839,013 +1,588,063 9.43
8,871,096 8,488,788
+382,308 4.50
8,377,653 7,386,364
+991,289 13.42
15,592,539 14,087,668 +1,504,871 10.68
8,928,374 9,202,369
—273,995 2.98
6,419,914
5,447,237
+972,677 17.85
Total
229,345 225,274 70,084,170 64,857,343 +5,226,827
8.06
NOTE.—Group I. includes all of the New England States.
Group II. Includes all of New York and Pennsylvania except that portion west
of Pittsburgh and Buffalo; also all of New Jersey, Delaware and Maryland, and
the extreme northern portion of West Virginia.
Group III. includes all of Ohio and Indiana; all of Michigan except th$ northern
peninsula, and that portion of New York and Pennsylvania west of Buffalo and
Pittsburgh.
Groups IV. and V. combined include the Southern States south of the Ohio and
east of the Mississippi River.
Groups VI. and VII. combined Include the northern peninsula of Michigan, all of
Minnesota, Wisconsin, Iowa and Illinois; all of South Dakota and North Dakota, and
Missouri north of St. Louis and Kansas City; also all of Montana, Wyoming and
Nebraska, together with Colorado north of a line parallel to the State line passing
*
through Denver.
>
Groups VIII. and IX. combined Include all of Kansas, Oklahoma, Arkansas and
Indian Territory; Missouri south of St. Louis and Kansas City; Colorado south of
Denver; the whole of Texas and the bulk of Louisiana; and that portion of New
Mexico north of a line running from the northwest comer of the State through
Santa Fe and east of a line running from Santa Fe to El Paso.
Group X. Includes all of Washington, Oregon, Idaho, California, Nevada, Utah
and Arizona, and the Western part of New Mexico.
.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO.’S.
—The
public sales of bank stocks this week aggregate
were all made at the Stock
Exchange. No
trust company stocks were sold at auction.
104 shares and
bank
or
_
Erie
Minn St Paul & S S M
Seaboard Air Line
Denver & Rio Grande
Earnings
Group—
the New York
Central itself.
present.
we now
Shares.
*28
BANKS—New York.
Commerce, Nat. Bank of
*76 Fourth National Bank
*
Sold at the Stock
—Two
New
Low.
201
184
High. Close. Last previous sale.
202 H 202
July 1910— 200
184
184
July 1910— 184
Exchange.
York
Stock Exchange memberships were
posted for transfer this week, the consideration being
$67,000 and $65,000 respectively. Last week $65,000 was
paid.
—Action with
regard to the establishment of a national
organization in this city will be taken on Friday
next, the 29th inst., when a meeting of local national bank
interests will be held at the Clearing House.
The movement
to perfect such an organization at this time follows the rec¬
ommendation made a week ago by Secretary of the Treasury
MacVeagh, and was referred to in this department on
Saturday last. In line with the provisions of the AldrichVreeland Currency Bill enacted in May 1908, the local
currency
THE CHRONICLE
bankers In June of that year instituted
steps to bring about
the formation of a national currency association.
Com¬
mittees on organization and nomination were appointed, but
while
a certificate of organization was passed upon, the for¬
mation of the association was never actually completed.
Secretary MacVeagh, in a statement issued on the 15th inst.
advocating the establishment of these associations, points
out that there has been but one currency association formed
under the law, namely in Washington, D. C., and he notes
that while the impulse towards their formation was general
throughout the country following the passage of the Act,
the movement was halted by reason of what were considered
by the banks as one or two serious difficulties in the law.
One of these, he states, was that there would be no provision
for the withdrawal of a bank after it had joined an associa¬
tion.
In dispatches from Washington this week, however,
this withdrawal inhibition is said to have been overcome,
and it is reported that any bank may withdraw at any time
upon approval of the executive committee of the association
of which it is a member, and upon
approval of the Secretary
of the Treasury, provided the bank has no outstanding
paper.
Mr. MacVeagh, while recommending the formation
of these currency associations, asserts that he does not ex¬
pect that any such association will ever have to avail of its
powers with respect to the issue of currency; in fact, he ex¬
presses it as his belief that their very existence would tend
to prevent the need of the exercise of their powers.
We
quote his remarks in the matter as follows:
“It has been my feeling for some time back that the first impulse of the
national banks immediately after the passage of the Aldrich-Vreeland bill
was the correct one.
That impulse was to form at once the national cur¬
rency associations provided for in the Act.
The effect was to interpret
the authorizations of the Aldrich-Vreeland Act as
something that should
not await an emergency, but should be adopted when the financial atmos¬
phere
was perfectly clear.
Now,, that impulse toward the formation of national currency associa¬
tions was general throughout the country.
It, however, resulted in the
formation of only one national currency association—to wit, the one In
Washington, D. C. The reason why this movement halted at that time
was that the banks encountered, as
they thought, one or two serious diffi¬
culties in the law, one of which was that there would be no
provision for
the withdrawal of a bank after it joined an association.
While the matter
was being considered in the Treasury
Department, and before it became
evident that the objections found by the banks could and would be over¬
come, the impulse had passed away, and the interest turned toward
general
banking and currency reform.
It is true, of course, that the Aldrich-Vreeland bill was
only meant to
operate ad interim until a reform banking and currency system should be
adopted. This reform seemed imminent, and so the Interest in the national
currency associations was allowed to diminish.
I have felt that this movement should be revived.
While I am very
an ultimate and not too long-deferred reform of our
banking and
currency systems, that reform is not as imminent as we hoped It would be
at this time.
I have thought, therefore, that the Intention of the Aldrich Vreeland bill should be carried out and that Its
powers should be organized
for the Interval before the passage of a bill
permanently reforming the bank¬
ing and currency system. I have felt that this is a favorable time.
I therefore recommended some time
ago the formation of these associa¬
tions to some of the national bankers,
Including a committee of the American
Bankers’ Association, who came to Washington to confer as to other Treas¬
ury matters.
My own view of the national associations is that they should
be formed in such a time as this, when no one
contemplates any financial
conditions which would require the use of their
powers.
Personally, I do not expect that any national currency association will
ever within the life of the law have to avail itself
of its powers with respect
to the issue of currency.
Indeed, I think that the very formation and ex¬
istence of these associations would strongly tend,
perhaps effectually
hopeful of
finally tend, to prevent the need of
and
the exercise of their powers.
I there¬
fore minimize the use of these associations In
emergencies and magnify
the importance of their influence in
preventing emergencies.
They are
associated In my mind with times of financial
peace and quiet rather than
with times of confusion and convulsion.
—No announcement has been made
concerning the devel¬
opments at the conference had by the Traffic Managers of the
Southeastern Lines, at White Sulphur
Springs, Va., on
Tuesday, on the cotton bill-of-lading matter.
The local
bankers who
are
identified with the movement to
provide
safeguards against bills of lading were to have held another
meeting at the Corn Exchange Bank in this city on Thursday,
but an adjournment until Tuesday next was taken.
Further dispatches were received from London this
week
with regard to the attitude of English and
Continental bank¬
ers respecting American cotton bills of
lading. The cable
to the New York “Sun” from that
point on July 21 says:
“It is understood that the committee cabled to American
bankers to-day
that the banks represented on the committee had agreed
‘that, in the case
of drafts drawn upon banks against bills of
lading for cotton negotiated
through exchange buyers in America, bankers will decline from Oct.
31
onward to accept them against bills of lading
relating to such drafts unless
the genuineness of the bills of lading, both as to
signature and possession
of the cotton by the carrier up to the time of Issue, be
guaranteed by such
exchange buyers to the satisfaction of the banks concerned.’ The
action
of the bankers is approved by the importers who are their
customers in
Liverpool and other cotton-importing centres. It Is generally expected that
a conference will be arranged between the bankers of
Europe and America.”
William B.
Joyce, President of the National Surety Co.,
banking interests abroad on the guaran¬
ty of bills of lading, sailed for Europe on Wednesday.
who will confer with
[Vox*.
LXXXXI.
—Copies of the law passed by the New York Legislature
at the late
session, and which is designed primarily to provide
private banking concerns,
Comptroller Clark Williams to
bankers and brokers generally
throughout the city. The
law is to go into effect on
Sept. 1.
It makes it incumbent
upon individuals or partnerships engaging in the business
of receiving deposits to obtain a license from the
Comptroller,
to file with him a statement of their assets
and liabilities, to
deposit with him $10,000 in money or in securities to obtain
a
surety bond for the faithful holding of moneys deposited'
with them, to make
reports to the Comptroller four times a
year, &c., &c.
Few, if any, Stock Exchange houses
will come within the
provisions of the law inasmuch as
exceptions from its operation are provided which would
seem to cover the case of such houses.
Thus Section 29d, in
which the exceptions to its
application are specified,provides
that its provisions shall not
apply “to any individual or
partnership receiving money on deposit for safe-keeping or
for transmission to
others, or for any other purpose, where the
average amount of each sum received on deposit, or for trans¬
mission, by such individual or partnership in the ordinary
course of business,
during the fiscal year preceding the date
of the affidavit, hereinafter
specified, shall not be less than
$500, proof of which fact, by affidavit, to the satisfaction
of the Comptroller shall be made
by the individual or a
member of the partnership seeking
exemption hereunder,
whenever thereunto requested by the
Comptroller.” This
stricter supervision over small
have been sent by State
section in full is
as
follows:
Section 29d. Exceptions.—The foregoing
provisions shall not apply
(1) to any corporation or “individual banker” authorized to do business
under the provisions of the banking law, nor to
any association organized
under the National Banking Act; nor (2) to
any hotel-keeper who shall
receive money for safe-keeping from a guest; nor
(3) to any express company
or telegraph
company receiving money for transmission; nor (4) to any indi¬
vidual or partnership receiving money on deposit
for safe-keeping or for
transmission to others, or for any other purpose, where the
average amount
of each sum received on deposit, or for
transmission, by such Individual or
partnership in the ordinary course of business, during the fiscal year
preceding the date of the affidavit hereinafter specified, shall not be less
than $500, proof of which fact by affidavit to the
satisfaction of the Comp¬
troller shall be made by the individual or a member of the
partnership
seeking exemption hereunder, whenever thereunto requested by the
Comptroller; nor (5) to any individual or partnership who would otherwise
be required to comply with Section 25 of this article who shall
file with the
Comptroller a bond In the sum of $100,000, approved by the Comptroller
as to form and sufficiency for the
purpose and conditioned as In said section
prescribed, where the business is conducted in a city having a population
of 1,000,000 or over, and if conducted elsewhere in the
State such bond
shall be In the sum of $50,000; or in lieu thereof
money or securities
approved by the Comptroller of the same amount.
The
Comptroller announces that the securities acceptable
bonding provision must consist of bonds which
are legal investments for
savings banks in this State.
—Brigadier-General William L. Marshall has been ap¬
pointed to the post created on the 2nd inst. of Consulting
Engineer to the Secretary of the Interior in the Reclamation
Service.
The appointment is in line with the plan of
in¬
spection of existing reclamation projects, as provided in
the Act recently passed by Congress
authorizing advances
by the Government to the reclamation fund and the issuance
of $20,000,000 of certificates of indebtedness in reimburse¬
ment therefor.
We give the provisions of this bill, which
was signed by President Taft on June
25, in full herewith:
under the
An Act to authorize advances to the “reclamation
fund,” and for the
Issue and disposal of certificates of Indebtedness In reimbursement
therefor,
and for other purposes.
Be it enacted by the Senate and House of Representatives
of the United States
of America in Congress assembled. That to enable the Secretary of the In¬
terior to complete Government reclamation projects heretofore
begun, the
Secretary of the Treasury Is authorized,
upon request of the Secretary of
Interior, to transfer from time to time to the credit of the reclamation
fund created by the Act entitled “An Act
appropriating the receipts from
the sale and disposal of public lands in certain States and
Territories to
the construction of Irrigation works for the reclamation of arid
lands,”
approved June seventeenth, nineteen hundred and two, such sum or sums,
not exceeding In the aggregate twenty million dollars, as the
Secretary of
the Interior may deem necessary to complete the said
reclamation projects,
and such extensions thereof as he may deem
proper and necessary to the
successful and profitable operation and maintenance thereof or to
protect
water rights pertaining thereto claimed by the United
States, provided
the same shall be approved by the President of the United
States; and such
sum or sums as maybe required to comply with the
foregoing authority
are hereby appropriated out of any money
In the Treasury not otherwise
appropriated; Provided, That the sums hereby authorized to be transferred
the
to the reclamation fund shall be so transferred
only as such sums shall .be
actually needed to meet payments for work performed under existing law;
And provided further. That all sums so transferred shall be reimbursed to the
Treasury from the reclamation fund, as hereinafter provided; And provided
further. That no part of this appropriation shall be expended upon any ex¬
isting project until it shall have been examined and reported upon by a
board of engineer officers of the Army, designated
by the President of
the United States, and until It shall be approved
by the President as feasi¬
ble and practicable and worthy of such expenditure;
nor shall any portion
of this appropriation be expended upon any new
project.
Sec. 2. That for the purpose of providing the Treasury
with funds
for such advances to the reclamation fund, the
Secretary of the Treas¬
ury Is authorized to Issue certificates of Indebtedness of the United States
In such form as he may prescribe, and In denominations of
fifty dollars or
.
,
f
-
«
*
«
•>
July 23
THE CHRONICLE
1910.J
will be taken care of by the bank which sold Its bills receivable.
The bills
receivable are usually endorsed “without recourse” by the selling bank,
multiples of that sum; said'certificates to be redeemable at the option of the
the United States at any time after three years from the date of their
Issue and to be payable five years after such date, and to bear Interest, paya¬
ble seml-annually, at not exceeding three per centum per annum; the prin¬
cipal and Interest to be payable In gold coin of the United States. The cer¬
tificates of Indebtedness herein authorized may be disposed of by the Secre¬
tary of the Treasury at not less than par; under such rules and regulations
as he may prescribe, giving all citizens of the United States an equal oppor¬
tunity to subscribe therefor; but no commission shall be allowed and the
aggregate Issue of such certificates shall not exceed the amount of all ad¬
vances made to said reclamation fund, and In no event shall the same ex¬
ceed the sum of twenty million dollars.
The certificates of Indebtedness
herein authorized shall be exempt from taxes or duties of the United States,
as well as from taxation In any form by or under State, municipal or local
authority; and a sum not exceeding one-tenth of one per centum of the
amount of the certificates of Indebtedness Issued under this Act Is hereby
appropriated, out of any money In the Treasury, not otherwise appropriated,
to pay the expense of preparing, advertising and Issuing the same.
Sec. 3. That beginning five years after the date of the first advance
to the reclamation fund under this Act, fifty per centum of the annual re¬
ceipts of the reclamation fund shall be paid Into the general fund of the
Treasury of the United States until payment so made shall equal the aggre¬
gate amount of advances made by the Treasury to said reclamation fund,
together with Interest paid on the certificates of Indebtedness Issued under
this Act and any expense Incident to preparing, advertising and Issuing the
the endorsement often being written In lead pencil, which can be erased
when the notes are returned to the bank that sold them.
This plan has
been used very extensively In the past by officers of some Western and
Southern banks, notably by William Adler of the State National Bank of
New Orleans and F. G. Bigelow of Milwaukee, both of whom came to grief
through their financial dealings, of which this system
By the second plan the country bank sells Its bills receivable to the New
endorsing them “without recourse,” but with an
understanding on the part of the selling bank that It will take care of them
at maturity; and either written Instructions that they be charged to the
account of the country bank when due, or a moral obligation on the part
of Its Cashier to have his bank pay them at maturity.
By the third plan the country bank will sell some of Its railroad bonds
to the city bank with an agreement to re-purchase same at maturity.
It was announced at the meeting that Comptroller Murray has under
consideration a plan for meeting this practice on the part of many banks
by requiring all banks to show In their reports of condition whether or not
they have sold any of their unmatured assets to officers or others for pur¬
pose of borrowing money for benefit of the bank.
With regard to the other matter which
sideration, Mr. Hanna said:
—The
„
Maryland banking law passed at the late
Legislature, under which all the financial insti¬
tutions of the State other than national are placed under the
supervision of the newly created Banking Department, be¬
new
session of the
came operative on June 1.
J. Dukes Downes has been ap¬
pointed to the office of Bank Commissioner, also created
under the new Act, which provides more stringent regulations
than have heretofore been in force governing the operation
of the State
institutions.
—An informal discussion of the
The Board of Engineer Officers of the Army, required to
report upon the projects, in accordance with
the provisions above, was appointed on the 3rd inst. and
consists of Lieut .-Col. John Biddle, Lieut.-Col. William C.
Langfitt, and Majors William W. Harts, Charles W. Kufcz
and Harry Bugress.
It is reported from
con¬
of some speculative financiers In the vicinity of New York who have recently
joined together for the purpose of buying and organizing a chain of small
country banks In this district, some of which have been already acquired,
and all of which seem designed to be used for the purpose of furnishing these
financiers with funds to promote their operations.
shall be
examine and
in for
Another Important subject brought before the meeting of examiners, and
elicited a great deal of discussion, was the reports of the operation
and the same shall be Included with all other expenses In future estimates of
construction, operation or maintenance, and hereafter no Irrigation project
lands,” is hereby repealed.
Approved, June 25 1910.
came
one which
exclusively to the completion of
begun as herelnfbeore provided,
dent of the United States.
Sec. 5. That no entry shall be hereafter made and no entryman shall
be permitted to go upon lands reserved for Irrigation purposes until the
Secretary of the Interior shall have established the unit of acreage and fixed
the water charges and the date when the water can be applied and made
public announcement of the same.
Sec. 6. That Section nine of said Act of Congress, approved June seven¬
teenth, nineteen hundred and two, entitled “An Act appropriating the re¬
ceipts from the sale and disposal of public lands In certain States and Terri¬
tories to the construction of Irrigation works for the reclamation of arid
Important
York bank outright,
Sec. 4. That all money placed to the credit of the reclamation fund In
contemplated by said Act of June seventeenth, nineteen hundred and two,
begun unless and until the same shall have been recommended by
the Secretary of the Intrelor and approved by the direct order of the Presl-
was a most
detail.
same.
pursuance of this Act shall be devoted
work on reclamation projects heretofore
191
San Francisco that the constitu¬
tionality of the Reclamation Act was upheld on the 5th
inst. by the United States Circuit Court of Appeals, the
latter sustaining the decision of the Idaho District Court
in favor of the Government in the case of David
Burley vs.
question of the employ¬
by the Seattle Clearing-House Associa¬
tion was recently had by the bankers of that city.
We are
advised, however, that for the present the matter will not
be taken up seriously.
—Before adjourning last week, the New York State
Bankers’ Association, which was in annual session at Cooperstown, N. Y., adopted a resolution providing for the appoint¬
ment of a committee of five members of the Association,
which, with a similar committee representing the trust com¬
panies of the State, is to take up for consideration the ques¬
tion of the segregation of savings deposits.
Luther W. Mott,
ment of
an
examiner
the United States.
Vice-President and Cashier of the First National Bank of
the
Stuart G. Nelson, Vice-President of the Seaboard National
Bank of New York, declined to accept the nomination which
to be taxed
had been offered him
The plaintiff had contended that the
Act, which permitted the Government to condemn his lands
and water for irrigation purposes was unconstitutional, on
to
ground that the vfater stored in the reservoirs sought
was not wholly for
public use, but was also
be supplied to private land owners by the Government.
The New York “Tribune” says:
The decision established the right of the Secretary of the Interior to
acquire by condemnation or otherwise lands and waters In the furtherance
of reclamation projects.
It also extends the right of the Government to
take over any needed private water sites In
carrying out the provisions of
the Act.
It directly affects the disbursement of the $20,000,000 recently
appropriated by Congress for reclamation projects In the West, and wlU
permit the resumption of work that had been suspended pending a decision
on the legal questions Involved.
—The regular semi-annual meetings of the national bank
examiners instituted by Comptroller of the Currency Law¬
rence O. Murray were held
by the various groups during
the week of July 9.
The examiners in District No. 2,
comprising New York, New Jersey and Delaware, with
headquarters in New York City, convened here in the
Custom House.
At both the
sessions reference wras had to
to
exist
in
the
of
New
a
York
and
Chicago
condition which is said
country banks—that of
evading the national banking laws in borrowing moneys by
means of concealed loans and
failing to show the same in
their reports.
Charles W. Hanna, Chairman of the local
district, gave out a statement at the conclusion of the meet¬
ing indicating the methods pursued in practices of this kind,
and
we
case
some
quote his remarks herewith:
Two subjects
discussion.
were
brought before the meeting which caused considerable
One related to the custom of country
banks, particularly In the West
South, of borrowing money by means of concealed loans which are not
shown In published reports of banks, but constitute an Indirect liability
on the part of the bank,
although not for the time being a legal liability.
The methods by which this Is done are
various, but those usually followed
are one of three plans.
and
By the first plan when the country bank wants to borrow money from Its
New York correspondent without
showing re-dlscounts, or bills payable on
Its printed statements, It sells a number
of Its bills receivable to Its Presi¬
dent or Cashier or some of Its directors, who
then use the same as collateral
on their personal note for a like
amount, which the President or Cashier
of the bank arranges to have the New York
correspondent discount. There
is nearly always an
the
understanding
on
part of both banks that the note
Oswego, has been elected President of the association.
for the vice-presidency of the associa¬
tion, and Walter H. Bennett, Vice-President and Cashier of
the American Exchange National Bank of New York, whose
name was suggested by Mr. Nelson, was elected as Vice-
President.
The Treasurer of the association is H. C. Mor¬
gan, President of the First National Bank of
and the Secretary (re-elected) is William J.
Cuba, N. Y.,
Henry of New
York.
—The
Century Bank of this city has taken steps to increase
capital from $200,000 to $250,000. The proposition was
ratified by the shareholders on Thursday and the enlarged
capital is to become effective on Aug. 1. The new stock is
offered pro rata to the present shareholders at 150 per $100
share.
The institution, which is located at Fifth Avenue and
20th Street, intends to establish a branch at Third Avenue
its
and 47th Street.
—Walter H.
Bennett, who was promoted from the assistant
cashiership to the cashiership of the American Exchange Na¬
tional Bank of this city last January, has been accorded an¬
other advancement.
He was this week elected a Vice-Presi¬
dent and will serve in the dual office of Vice-President and
Cashier.
Three new Assistant Cashiers of the bank were also
chosen this
and
week, namely, Arthur P. Lee, Elbert A. Bennett
George C. Haigh. Walter H. Bennett was also elected
Vice-President of the New York State Bankers’ Association
at its
meeting at Cooperstown last week.
Harahan, Assistant to the President of the Erie
Railroad, has been elected a director of the Coal & Iron Na¬
tional Bank of this city, in place of George Sheffield, resigned.
Mr. Sheffield, it may be stated, has retired from all business
—W. J.
connections.
Mr. Harahan’s election to the board further
extends the close connections of the bank with prominent
railroad interests of the country, and should serve to aug¬
ment its financial
strength and influence. On the 13th inst.
regular quarterly dividend of
the institution declared its
192
THE
CHRONICLE
1^%> this .being the sixteenth quarterly dividend. In its
surplus and profits
(earned) of $373,172 and deposits of $6,870,672, these items
comparing with $349,550 and $6,342,921 respectively on
March 29.
The total assets are now $8,673,721.
The in¬
stitution has a capital of $1,000,000.
latest report of June 30 the bank reports
—Walter Hall^ a paying teller at the Herald Square
branch of the Greenwich Bank of this city, disappeared from
home July 3d and is now being sought for a shortage in his
accounts for
a
sum
said
to
be less
than
$50,000.
The
directors have personally made good the shortage.
President
Duncan states that the missing man was sick two days
before his disappearance and he believes that he was overcome
or affected by the heat and
expects him to turn up soon in
some
of
a
hospital. The President thinks that Hall is a victim
temporary aberration and not responsible for the act
while in that condition.
The bank officers have tried to
protect the paying teller’s wife, who is dangerously ill.
Every effort has been made this week to locate Hall. The
amount of the shortage is insignificant, as the capital
and
surplus of the Greenwich Bank is $1,322,390 and its deposits
over
$10,000,000. The bank’s headquarters are at 402
Hudson St., and it has several branches in Manhattan Bor¬
ough.
[VOL.
LXXXXI.
sound condition and was not affected
ties.
The Cashier was bonded
by the alleged irregulari¬
by a bonding company for an
amount considerably larger than the total of the
alleged
peculations.” The bank was established in 1865. It has a
capital of $50,000, and recently reported a surplus of
$20,000. Mr. Tufts was formerly Town Treasurer. He had
been connected with the bank for thirty-one years and
had been its Cashier for
twenty-eight years.
—The Franklin Savings Bank of Franklin, Pa., is reported
to have closed its doors this
week, following the death last
Saturday of E. W. Echols, said to be the principal owner.
It is stated that its affairs will be
voluntarily liquidated.
—The obligations to the depositors of the Fort Pitt Na¬
tional Bank of Pittsburgh, who had previously received divi¬
dends aggregating 90% of their claims, were discharged in a
distribution made on the 13th inst., when the final settle¬
ment of their accounts, with interest at the rate of 6%,
was
made.
The bank suspended in December 1907.
—The Washington National Bank of Pittsburgh, whose
business has become a part of that of the Washington Trust
Company of Pittsburgh, is winding up its affairs. The two
institutions have always been affiliated.
The bank (capital
$200,000) began business in 1903 and the trust company in
1905.
—A
discharge from bankruptcy has been granted to the
—A number of important resolutions were adopted by the
firm of Lathrop, Haskins & Co. of 60 Broadway, one of the
Minnesota Bankers’ Association at its annual meeting held
three houses which suspended in January as a result of the
at St. Paul on June 22 and 23.
In one of these, relating to
collapse in the common stock of the Columbus & Hocking the audit
by
certified
public
accountants
of accounts of
Coal & Iron Co.
The order for the discharge from bank¬
firms and corporations which sell their paper in the open
ruptcy was issued by Judge Hand in the U. S. District Court
market, the Association commends this practice and recom¬
on the 20th, none of the
creditors, it is stated, having op¬ mends that it become
general. The adoption of this resolu¬
posed the application at the hearing. It is further stated that tion
the
discussion of a plan calling for the
developed
from
the order does not become effective until the
filing of an affi¬ registration of outstanding commercial
paper; but according
davit reporting the terms of settlement made with the
to the St. Paul “Pioneer Press”, the
prevailing sentiment
firm’s creditors.
seemed to be that the time was not ripe for such a move, and
—J. Howard Lowery, formerly Assistant Cashier of the the resolution
adopted, and printed herewith, called for a
Utica City National Bank of Utica, N. Y., who had been mis¬ less radical course:
We commend the attitude of firms and corporations who sell their paper
sing since April 26, following the discovery of an alleged
In the open market In furnishing Independent audits of their business
by
shortage in his accounts, was arrested in Philadelphia on the
responsible certified public accountants.
18th inst.
The accused when arraigned before a United
And whereas, We believe such Independent audits are of
great value,
States Commissioner in Utica
on
the 19th waived examina¬
both to the borrower and lender,
Therefore, be It resolved, That we recommend this practice becoming
custody in default of bail fixed at $10,- general,
and we further recommend that the affairs of all firms and
000.
According to the Utica “Press” of the 19th inst., his tions which are In any way Identified with each other be audited corpora¬
by such
alleged thefts covered a period of several years, and aggregated accountants as of the same date.
$115,000. The bank, it is stated, is protected by a surety
In another resolution the Association instructed the Execu¬
bond for $20,000, and it has also attached property in which tive Council to
present to the next Legislature a bill increasing
the accused had an interest
amounting to about $10,000. the present appropriation for the immigration department
With regard to the manner of the concealment of the short¬ at least
100%, and urged the council to use its best efforts to
age, the “Press” reports that “Lowery fooled the bank ex¬ secure the enactment of the
bill, to the end that a systematic
aminers who went over the books regularly by clever
manipu¬ and extensive plan of publicity for the State and its resources
lation of the adding machine slips.
He operated the ma¬ be carried out. The Association also placed itself on record
chine to assist them, and as they did not suspect
him, this as recommending “the extension of the teaching of manual
gave him the opportunity to make the figures tally with the
.training, domestic science and agriculture in the present high
actual cash.”
schools and consolidated rural schools of the State,” follow¬
—A first dividend of 60% has been declared to the creditors ing the criticism of the school system
by Joseph Chapman
of the failed National City Bank of
Cambridge, Mass. The Jr., Vice-President of the Northwestern National Bank of
institution closed its doors on
February 23 last, when the Minneapolis, in which he pointed out that there is no in¬
announcement of a shortage in its accounts was made. struction of agriculture in the Minnesota rural schools.
The
George W. Coleman, formerly bookkeeper of the bank, sub¬ executive council was also authorized to take steps to in¬
sequently pleaded guilty to misapplying its funds, and is corporate the Association, in line with the recommendation
now serving a fifteen
years’ sentence. An assessment of of W. I. Prince, Cashier of the City National Bank of Duluth,
100% was levied on the $100,000 capital in April. The in his annual address as President of the Association.
amount represented in the dividend is said to be
$233,000.
—Henry C. Walbeck, heretofore Cashier of the German
—Clarence A. Evans, a Deputy Bank Commissioner of Insurance Bank of
Louisville, Ky., has been elected ViceMassachusetts, has been elected Vice-President of the Mer¬ President and General Manager of the institution. Oscar
chants’ National Bank of Worcester, Mass.
The office is a Metzner has been elected to the cashiership. It is expected
newly created one. Mr. Evans will take up his new duties that Mr. Walbeck will later be made
President, succeeding
on Aug. 1.
the late W. H. Edinger.
—George W. Tufts, Cashier of the Rockport National
—The proposition to increase the
capital of the Bankers’
Bank of Rockport, Mass., was arrested on the 1st
inst., Trust Co. of Houston, Tex., from $500,000 to $1,000,000
charged, it is stated, with the misapplication of the funds was unanimously approved by the stockholders on the 14th
of the institution.
He was released under bail of
$5,000 inst. The new stock is offered to shareholders of record
on the 19th inst.
His arrest is said to have been made
July 20, and will be disposed of at $150 per share (par $100),
at the instance of National Bank Examiner William
the premium being added to surplus.
E.
It was the sense of
Neal, following an examination of the books of the bank. the meeting that the company would be benefited
by placing
The management has made no statement
respecting the the stock in as many different communities as possible, and
amount of the alleged shortage, but the arrest is
reported to this end some of the shareholders have consented to waive
to have been made on the specific
charge of the misappropria¬ their rights to the new issue. The institution began business
tion of $4,000.
The Boston “Transcript” of the 2d inst. last fall.
reported the receipt of advices from Rockport to the effect
—At a recent meeting of the directors of the Bank of
that the alleged misapplication would be less than
$8,000. Italy, at San Francisco, it was decided to put out on Jan. 1
The “Transcript” also stated that “the bank officials
reported next the 2,500 shares of authorized stock at present remaining
to the Boston Clearing House to-day that the bank was in
a
unissued? Two years ago the bank increased its authorized
tion and
was
held in
July 23 1910.1
THE CHRONICLE
capital from $500,000 to $1,000,000, but only $250,000 of
new stock was issued at that time, making the
paid-in capital
$750,000. Under the present action the entire capital of
$1,000,000 will be outstanding at the first of the year.
The forthcoming issue will be disposed of at $115 per $100
share.
—The stockholders of the Bank of
California, N. A., at
San Francisco, on the 12th inst. ratified the plan for the
merger of the San Francisco National Bank with their insti¬
tution, referred to in these columns June 11. They also
approved the proposition to increase the capital of their
bank from $4,000,000 to $8,500,000; of the increased amount
$4,000,000 will represent the capitalization of surplus and
undivided profits.
The stockholders of the Bank of Cali¬
fornia will be allotted 40,000 shares of the new
capital of
their bank, while the stockholders of the San Francisco Na¬
tional Bank (capital $1,000,000) will receive 5,000 shares of
the Bank of California’s new stock; in addition, the latter
will pay for the assets of the absorbed bank the sum of
$375,000.
—The Union Discount Co, of London has issued its semi¬
annual statement covering the six months
June
ending
30.
The gross profits for the half-year were $1,211,977.
The
balance sheet for June 30 shows gross assets of
$124,552,3515
deposits (including provision for contingencies) were $92,170,955, and bills re-discounted $24,018,707. There was
credited to profit and loss $598,818 and a further sum of
$100,000 was added to the reserve fund, which now stands
at $2,900,000.
English Financial Markets—Per Cable.
daily closing quotations for securities, &c., at London,
reported by cable, have been as follows the past' week:
The
as
193
For redemption of outstanding certificates an exact
equivalent in amount of the
appropriate kinds of money is held in the Treasury, and is not included in the account
of money held as assets of the Government,
d This statement of money held in the
Treasury as assets of the Government does not include deposits of
public money
In national bank depositaries to the credit of the Treasurer
of the United States,
amounting to $41,629,595.
a
BANK NOTES—CHANGES IN TOTALS
OF, AND IN
DEPOSITED BONDS, <fcc.—We give below tables which
show all the monthly changes in bank notes and in bonds
and
legal tenders
on
deposit.
Bonds and Legal-Tenders
on
i nno
in
Deposit for
Circulation
Legal
June 30 1910
May 31-...
April 30
Mch.
Feb.
Jan.
Dec.
Nov.
Oct.
31
28
31
31 1909
30
30
Sept. 30
Aug. 31
July 31
Bonds.
Tenders.
$
$
$
686,974,880
685,671,510
684,943,460
683,675,710
682,695,850
681,518,900
683,437,240
681,689,370
679,545,740
676,386,040
672,925,700
667,652,650
$
27,913,720
29,477,138
30,206,728
31,947,510
30,635,348
28,546,979
26,952,730
26,438,190
25,595,793
26,776,066
26,581,779
27,845,433
$
685,517,013
682,765,703
683,254,858
685,311,486
679,387,520
681,332,354
683,401,523
680,995,267
678,344,963
676,031,393
672,263,696
667,508,731
27,913,720.
29,477,138
30,206,728
31,947,510
30,635,348
28,546,979
26,952,730
26,438,190
25,595,793
26,776,066
25,581,778
27,845,433
713,430,733
712,242,841
713,461,586
717,258,996
710,022,868
709,879,333
710,354,253
707,433,457
703,940,756
702,807,459
698,845,474
695,354,164
Bonds.
Mon.
Tues.
Wed.
Thurs.
Fri.
25 5-16 255*
25*4
25 3-16
25?*
81 15-16 81 15-16 81 13-16 81 13-16 81 13-16
For account
82 3-16 82
82
815*
815*
815*
French Rentes (in Paris).fr. 97.65
97.40
97.25
97.52?* 97.55
97.25
Amalgamated Copper Co,
61
60 X
61
60VS
625*
625*
b Anaconda Mining Co
7 *A
7 5*
7J*
8
7*A
75*
Atch. Topeka & Santa Fe_. 102
ioi x
102
101X
1015*
101?*
Preferred
103
103
103
103
103
103
Baltimore & Ohio
112 X
113?*
H2>*
1125*
1125*
1115*
Preferred
91X
92 5*
91X
915*
92 5*
915*
Canadian Pacific
190 *A
191X
1905*
1915*
1915*
1905*
Chesapeake & Ohio
78
76
76
75?*
76X
75 ..
Chicago Milw. & St. Paul... 127
126 X
127
126X
1265*
1255*
Chicago Great Western
24 X
24 X
24 X
24
235*
245*
Denver & Rio Grande
31
31
3ij*
31
31X
30?*
Preferred
73
72 X
72
72
72
725*
Erie
25 *A
25*4
25
255*
25?*
255*
First preferred
42 X
42?*
42 5*
42
425*
425*
Second preferred
32 X
32 X
325*
325*
325*
325*
Illinois Central
130 X
134
134
134
133 5*
134
Louisville & Nashville
147 X
147
148
147?*
147
1475*
Missouri Kansas & Texas
34
33
33 *A
33
335*
32?*
Preferred
65 X
65?*
655*
655*
655*
655*
Nat. RR. of Mex., lstpref.. 69
69
69
69
695*
705*
Second preferred..
27 *A
28
27?*
28
28
285*
N. Y. Central & Hudson
118
1165*
1165*
1165*
1175*
1165*
N. Y. Ontario <fc Western
44 X
44
44
445*
445*
445*
Norfolk & Western
101
100 x
100
100
1005*
1005*
.
.
Tenders.
Total.
The
following shows the amount of each class of bonds
against national bank circulation and to secure public
moneys in national bank depositories on June 30.
held
U. S. Bonds Held June 30 to Secure—
Bonds on Deposit
June 30 1910.
.
Bank
Circidation.
$
$16,928,650
14,792,540
577,140,150
51,072,600
27,040,940
4% Loan of 1925
3% Loan of 1908-1918
2% Consols of 1930
2% Panama of 1936
2% Panama of 1938
4 % Philippine Loans
4% Porto Rico Loans
3.65% District of Columbia
Various Territory of Hawaii..
4% Philippine Railway
Various State, City and Railroad...
—
London,
Week ending July 22.
Sat.
Silver, per oz
d. 25 3-16
Consols, new, 2 X per cents.. 82 X
Afloat Under—
Legal
Total
$686,974,880
Public Deposits
in Banks.
Total
Held.
$
S
$4,310,000
4,172,300
25,638,900
2,810,000
1,405,000
4,882,000
1,079,000
872,000
832,000
136,000
5,637,500
$21,238,650
18,964,840
602,779,050
53,882,600
28,445,940
4,882,000
1,079,000
872,000
832,000
136,000
5,637,500
$51,774,700
$738,749,580
The
following shows the amount of national bank notes
legal-tender deposits June 1 and
July 1 and their increase or decrease during month of June.
afloat and the amount of
Natiozial Bank Notes—Total Afloat—
Amount afloat June 1 1910
Net amount issued during June
Amount of bank notes afloat July 1
$712,242,841
1,187,892
1910
$713,430,733
.
Legal-Tender Notes—
Amount on deposit to redeem national bank notes June 1
Net amount of bank notes retired in June
1910
$29,477,138
1,563,418
deposit to redeem national bank notes July 1 1910
$27,913,720
..
Amount on
.
.
Preferred
Northern Pacific.
a
a
,
91X
121 X
65 X
74
45
Pennsylvania
Reading
a First preferred
a Second preferred
Rock Island.
Southern Pacific
Southern Railway
Preferred
Union Palfic
Preferred
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extended 4s..
48H
ss%
.
117 X
_
2SX
_
56
167 %
.
93X
72 *A
.
a
Price per share.
■
.
119X
18
S8X
66 X
91X
121
66
73
45
X
48X
33 X
117 X
23 X
56 X
166 *A
94
72
119H
175*
38
66 X
915*
122
66
73
45
485*
33 5*
1165*
235*
56
166 5*
945*
725*
1195*
175*
375*
665*
915*
1225*
665*
73
45
485*
335*
117
235*
56
167
94
915* '
1225*
66
725*
725*
45
45
33
116?*
235*
56
1665*
93
725*
1195*
175*
375*
665*
715*
1195*
17 5*
37
66
485*
315*
1105*
23?*
555*
1665*
93
71?*
1195*
175*
36
66
& £ sterling.
©nraracucial and f^isccllatienttsllicttrs
STOCK OF MONEY IN THE COUNTRY.—The
following
table shows the general stock of
money
in the country as well
holdings by the Treasury, and the amount in circula¬
tion, on the dates given. The statement for July 1 1909 will
be found in our issue of
July 17 1909, page 142.
as
the
Gold coin and bullion
Gold certificates..a
Standard silver dollars
Silver certificates.a.
Subsidiary silver
Treasury notes of 1890
United States notes
National bank notes
Stock of Money Jidy 1 1910
In United
Held in
States.
Treasury.A
S
S
*1.635.886.511 180,402.302
564,604,719
164,797,125
3,672,000
346,681,016
713,430,733
56,650,510
3,062,527
10,117,976
19,992,380
8,470
10,495,935
28,588,758
—Money in Circidation
Jzdy 1
July 1
1910.
1909.
$
592,547,340
806,286,359
72,425,192
478,999,024
144,804,745
3,663,530
336,185,081
684,841,975
$
601,433,854
817,829,209
71,990,679
478,317.516
132,135,741
4,204,987
340,641,603
666,505,012
Total..
3,429,072,104 309,318,858 3,119,753,246 3,113,058,601
Population of the United States July 1 1910 estimated
at’90,363,000; circulation
capita, $34 52.
per
*
A revised estimate by the Director of the
Mint of the stock of gold coin was
adopted in the statement for Aug. 1 1907. There was a reduction of
$135,000,000
Through the courtesy of the Secretary of the Treasury, we
are enabled to place before our readers
to-day the details of
Government receipts and disbursements for 1909-10 and
previous fiscal years.
915*
1225*
66
485*
GOVERNMENT REVENUE AND EXPENDITURES.—
GOVERNMENT RECEIPTS AND DISBURSEMENTS.
Fiscal Years
Receipts from,—
ending
June 30.
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898..
1899
...
1900*
1901--1902
1903
1904.
1905
1906
1907
1908
1909
1910
Customs.
---
-
Internal Revenue Miscellaneous.
$
$
137,250,048
186,522,065
198,159,676
220,410,730
214,706,497
195,067,490
181,471,939
192,905,023
217,286,893
219,091,174
223,832,742
229,668,584
219,522,205
177,452,964
203,355,017
131,818,530
152,158,617
160,021,752
176,554,127
149,575,062
206,128,482
233,164,871
113,561,610
124,009,374
135,264,386
146,497,595
144,720,369
121,586,072
112,498,726
238,585,456
254,444,708
284,479,582
261,274,565
261,798,857
300,251,878
332,233,363
286,113,130
300,711,934
333,043,800
116,805,937
118,823,391
124,296,872
130,881,514
142,606,706
145,686,249
153,971,073
161,027,624
147,111,233
143,421,672
146,762,865
146,688,574
170,900,641
273,437,162
295,327,927
307,180,664
271,880,122
230,810,124
232,904,119
234,095,741
249,150,213
269,666,773
251,711,127
246,212.644
285,185,830
$
23,015,526
22,995,172
27,358,231
36,616,925
38,860,716
31,866,308
29,720,041
26,728,767
35,292,993
35,878,029
32,335,803
30,805,692
27,403,993
23,513,747
21,436,988
18,792,256
17,809,786
20,191,583
24,479,004
a20,094,408
b24,596,662
d34,5S8,140
g35,086,186
36,153,403
45,106,969
45,621,493
48,380,087
45,315,851
61,225,524
63,236,467
56,664,912
57,450,243
Total.
S
273,827,184
333,526,611
360,782,293
403,525,250
398,287,582
348,519,870
323,690,706
336,439,727
371,403,277
379,266,075
387,050,059
403,080,982
392,612,447
354,937,784
385,819,629
297,722,019
313,390,075
326,976,200
347,721,705
340,570,111
504,162,306
563,080,938
580,852,306
562,478,233
560,396,675
539,800,177
x544,274,685
594,717,942
663,125,660
601,060,724
603,589,490
675,679,873
a Does not include $6,303,000 from sale of Kansas Pacific RR. and
$58,448,224
from sale of Union Pacific RR.
bDoes not include $11,798,314 from sale Central Pacific RR.
dDoes not include $821,898 from payment of dividend by receivers of Union
Pacific and $3,338,016 from sale Central Pacific RR.
g Does not Include $2,122,841 received In June 1901 from sale of claim against
Sioux City <fe Pacific, $133,943 from payment of dividend by receivers of Union
Pacific and $4,576,247 received on account of Central Pacific indebtedness.
x Includes re-payment of S5,600,000 loaned to Louisiana Purchase Exposition
the previous fiscal year.
"•*
'.U' 1
] Included $17,362,815 received from Corporation Tax.
99..881123——TThhee
THE CHRONICLE
Excess
Interest.
Total.
of
Receipts.
$
f
$
Premium
Ordinary,
ending incl. War
June 30 and Navy.
on
Bonds
Pensions.
Purchased.
$
1879..
1880..
1881..
1882..
1883..
1884..
1885..
18861887..
1888..
18891890..
18911892..
18931894..
18951896189718981899..
1900190119021903..
1904..
1905..
190619071908..
19091910..
6,879 ,300
126,498,453
35,121,482 105,327,949 266, ,947,884
65,883,,653
112,312,889 2,795,320 56,777,174 95.757.575 267, ,642,958
100,069,
,405
127,083,618 1,061,249 50,059,280 82,508,741 260, ,712,888
145,543,,810
125,559,039
61,345,194 71,077,207 257, ,981,440
132,879 ,444
140,235,433
66,012,574 59,160,131 265,,408,138
104,393 ,626
55,429,228 54,578,378 244,,126,244
134,118,638
63,463 ,771
152,738,412
56,102,267 51,386,256 260,,226,935
93,956 ,589
128,498,128
63,404,864 50,580,146 242 ,483,138
,097
267
103,471
145,161,501
,932,180
75,029,102 47,741,577
,274
267
bill,341
,924,801
134,650,443 8,270,842 80,288,509 44,715,007
b87,761 ,081
153,370,352 17,292,363 87,624,779 41,001,484 299 ,288,978
b85,040 ,272
154,700,347 20,304,224 106,936,855 36,099,284 318 ,040,710
b26,838 ,542
193,409,598 10,401,221 124,415,951 37,547,135 365 ,773,905
9,914 ,454
187,062,161
134,583,053 23,378,116 345 ,023,330
2,341 ,675
196,856,004
159,357,558 27,264,392 383 ,477,954
df.
367
69,803
,261
198,506,589
,525,280
141,177,285 27,841,406
183,822,039
141,395,299 30,978,030 356 ,195,298 df. 42,805 ,232
177,360,416
139,434,001 35,385,029 352 ,179,446 df. 25,203 ,246
186,929,884
141,053,165 37,791,110 365 ,774,159 df. 18,052 ,454
258,331,158
147,452,369 37,585,056 443 ,368,583 df.102,798 ,472
425,780,326
139,394,929 39,896,925 605 ,072,180 df. 100,909 ,874
75,367 ,146
306,676,143
140,877,316 40,160,333 487 ,713,792
71,142 ,734
338,300,752
139,323,622 32,342,979 509 ,967,353
91,287 ,375
303,594,253
138,488,560 29,108,045 471 ,190,858
54,297 ,668
339,117,012
138,425,646 28,556,349 506 ,099,007
415,196,565
142,559,266 24,646,490 a582 ,402,321 df.a42,602 ,144
df.
23,004 ,229
401,014,004
141,773,965 24,590,944 567 ,278,913
25,933 ,143
403,441,661
141,034,562 24.308.576 568 ,784,799
578
84,221 ,912
415,113,076
,903,748
24,481,158
139,309,514
483,877,7151
153,892,467 21,426,138 659 ,196,320df. 58,135 ,596
510,229,683
161,710,367 21,803,836 693 ,743,886ldf. 90,154 ,396
512,563,204
160,733,839 21,342,984 694 640,027;df. 18,960 154
9.81054736—TUhneitd
Includes 550,174,485 paid on account of Panama Canal and 85,600,000 loaned
Louisiana Purchase Exposition Company.
b Allowing for the premiums paid, the actual excess In 1888 Is §119,612,116; In
1889, $105,053,444; In 1890, $105,344,496; and In 1891, $37,329,763.
d Includes In each year the disbursements on account of the Panama Canal, which
were in the fiscal year 1905, $3,918,820; in 1906, $19,379,374; in 1907, $27,198,619;
In 1908, $38,093,929; in 1909, $31,419,442, and in 1910, $33,911,673.
a
to
FOREIGN TRADE OF NEW YORK—MONTHLY
STATEMENT.—In addition to the other tables given in
this department, made up from weekly returns, we give the
following figures for the full months, also issued by
our
York Custom House.
New
Imports.
Exports.
1908-09.
1909-10.
1908-09.
1909-10.
1908-09.
$
$
$
$
$
$
68,295,105 59,445,780 49,212,360 45,107,352
19,732,558 14,517.500
September 73,362,959 58,374,355 50,779,347 49,671,985 17,906,343 17,115,157
76,749,472
85,658,842
84,103.875
78,656,123
January
February.. 77,826,788
March
102,955,233
78,224,201
April
May
68,497,815
June
72,216,609
_.
_
58,624,468
59,748,093
68,634.114
61,789,335
73,074,545
80.729.503
55,899,327
55,953,000
58,606,172
52.644,329
49,927,253
56,874,809
75,898,544 52,027,284
69.230.504 58,511,642
73,252,301 61,704,701
52,462,041
46,034,833
50.150,532
50,812,004
45,319,475
58,684,184
51,709,272
48,571,972
52,404,342
19,793,908
17,575,847
16,223,356
17,545,140
18,778,746
21,988,922
16,276,428
14,999,383
17,119,870
15,329,452
15,134,288
16,129.492
15,795.700
17,775,728
19,064,331
18,802,924
16,846,056
17,318,187
Total... 935,234,035 788,520,693 652,723,702 598,447,383 218,669,218 198,245,849
The imports and exports of gold and silver for the twelve
months have been as follows:
Gold Movement at New York.
Month.
July
August..
September....
Octobi r
November
December
....
....
January
February
March
April
May
....
June
Total...
Imports.
1909-10.
1908-09.
470,018
600,563
491.945
685,147
1,083,967
515,727
421.946
1,912,799
2,425,426
470,490
493,413
532,143
569,791 13,405,800 1,059,656
1,100,130 2,847,470
8,400
1,353,973
335,620
506,125
1.044,600 1,974,125
50.125
851,299 8,877,100
794,980
1,343,259 8,017,750 6.445,285
714,693 3,113,576 7,843,125
819,731 2,786,542 8,818,220
2,728,363 1,644,417 21,173,385
742,911 36,168,360 6,269,450
619,503
438,769 11,094,572
578,263
127,503 5,233,050
1908-09.
Imports.
Exports.
1909-10.
1909-10.
567,942
523,787
424,670
732,077
849,774
640,994
577,955
365,049
439,488
503,764
479,415
577,053
.
10,103,584 12,466,516 47,260,471 69,296,673
CHANGE OF POST-OFFICE.
8,617—The First National Bank of Fort Sumner, post-office Sunnyslde,
N. M., changed to Fort Sumner, N. M., where In future mall should
be addressed.
Canadian Bank Clearings.—The clearings for the week end¬
ing July 16 at Canadian cities, in comparison with the same
week of
1909, shows
an
increase in the aggregate of 22.9%.
Week ending July 16.
Clearings at—
1910.
Canada—
Montreal
Toronto
Winnipeg.
Vancouver
Ottawa
Quebec
Halifax
Hamilton
St. John
London
Calgary
Victoria
Edmonton
Regina
$
3,572,439
3,442,767
3,267,495
3.971.397
6,681,968 39,785,580
NATIONAL BANKS
The Manufacturers’ & Merchants’ Bank of Buena Vista, Va. Into “The
First National Bank of Buena Vista.”
Capital, $25,000.
The Bank of Mountain View, Mo., Into “The First National Bank of
Mountain View.”
Capital, $25,000.
NATIONAL BANKS ORGANIZED.
June 30 to July 13.
Turbotvllle National Bank, Turbotville, Pa. Capital, $25 000
A. E. Weaver, Pres.;
Joseph Walter, Wm. N. Reynolds’and
Thomas Watts, Vice-Presidents; Jos. W. Milnor, Cashier
Citizens’ National Bank of Poland, N. Y.
Capital $50 000
Stephen R. Brayton, Pres.; Wallace W. Moon, Vice-Pres.- J w‘
Bray ton, Cashier; Ralph W. Read, Asst. Cashier.
City National Bank of Wellington, Tex. Capital, $25 000
J. C. Doneghy, Pres.;
Sam D. Rude, Vice-Pres.; H. D Creath
Cashier.
’
States
National Bank of McMinnville, Ore. Canitnl
Arthur McPhillips, Pres.; E. D. Hendricks, Vice-Pres •
Lynn Lancefield, Asst. Cashier
First National Bank of Smyrna, Tenn.
Capital. $25*000
J. S. Gooch, Pres.; John W. Brittain, Vice-Pres ; S. L. Hudson
Cashier.
(Conversion of The People’s Bank of Smyrna )
First National Bank of Burlington, Wash. Capital. $25 ooo
B. W. Nlcoll, Pres.; D. H. Moss, Vice-Pres.; E. L. Wilson. Cashier
Conversion of The Bank of Burlington.
erFirst National Bank of Crossvllle, Tenn. Capital. $25 ooo
J. W. Dorton, Pres.; J. R. Mitchell, Vice-Pres.; J. S
Reed’
$50,000.
Geo. W. Briedwell, Cashier;
Conversion of The Bank of Crossvllle.
First National Bank of Mertzon, Tex. Capital, $25 000
Fayette Tankersley, Pres.; W. J. Carson, Vice-Pres.; Duwal’n E*
Hughes, Cashier.
.
Inc. or
Dec.
1909.
45,087.361
33,900,000
18,706,194
9,153,451
3,694,025
2,572,162
2,154,122
1,917,750
1,760,228
1,391,291
1,323,377
2,948,337
1,829,547
2,306,992
1,432,208
1,404,676
987,157
1,514,582 Not Included
463,519 Not Included
126,996,589
1908.
1907.
$
%
+ 10.1
+ 15.7
+70.9
+ 78.3
+ 12.0
+ 11.7
$
40,964,119
29,290,487
10,946,174
5,133,105
3,295,756
2,303,819
2,621,821
1,710,935
1,511,430
—17.S
+ 12.1
+ 16.5
+ 5.1
+ 61.2
+ 61.0
+ 42.3
28,707,400
21,588,339
9,168,279
3,576,710
3,168,241
2,165,856
1,997,438
1,446,939
1,220,251
1,053,299
1,180,546
1,269,399
695,916
$
23,131,467
23,710,754
11,577,066
4,182,423
3,219,923
2,133,328
2,094,793
1,698,598
1,412,019
1,409,584
1,357,737
1,131,727
1,098,726
'77,238,613
78,158,195
in total
in total
103,349,935
+22.9
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son:
Stocks.
75 Franklin
H.
ICalbfleisch
Co
$5 per share
27 J. G. White & Co., Inc.,
common
20
Slocks.
54 N. Y. Steam Co. and $12
stock scrip and $206 6%
scrip.
100,000 Red Mtn. RR., Mining &
Smelting Co., $1 each
$100 lot
2,400 Buff. Lockport & Roch. Ry.
Co. com., ctfs. of deposit.$20 lot
All real estate and personal property,
moneys, bonds,
book ac¬
counts, rapers, judgments,
claims, demands and rights
of action, and all other inter¬
ests or rights whatsoever
held [by the Reorganization
Committee of the Oneonta
$42 lot
Estate of Eliza W. Fielder, undivided
Interest in
judgment N.Y.
Court $4,127 66,
with int. from April 5 1902,
against PettySoulard Realty
Co., James G. Hendrickson
and Sidney W. Hendrick¬
son, as Executors of the will
of
William
Hendrickson,
deceased
$6
Supreme
lot
Bonds.
$5,000 Gypsum Mfg. Co. bonds.
1928; Mch. ’09 coup, attached. .$50 lot
$40,000 Buff. Lockport & Roch. Ry.
Co. 1st 5s, 1954; Aug. ’09 <fe sub¬
sequent coupons attached
$400 lot
DIVIDENDS.
4.068.843
3,609,187
3,624,993
2.723.840
693.410
3.646.397
3.935.840
3,208,972
Currency, Treasury Department:
INSOLVENT.
8,097—The First National Bank of Billings, Mont., was placed In the hands
of a receiver on July 2 1910.
any claims, demands, liens,
pledges ^offsets ordefences$9001ot
National Banks.—The following information regarding
national banks is from the office of the Comptroller of the
Cashier.
Hill National Bank of Hudson Falls.”
The following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
Name of Company.
Per
Cent.
When
Books Closed.
Payable.
Days Inclusive.
Railroads (Steam).
Alabama Great Southern, preferred
Atch. Topeka & Santa Fe, com. (No. 21)
Preferred (No. 24)
^Baltimore Chesapeake & Atlantic pref.
Baltimore & Ohio, common
Preferred
Boston & Maine, common (quar.)
Preferred
Canada Southern
Central of New. Jersey (quar.).
Chic. Milw. & St. P., com. and pref.
Chic. St. Paul Minn. & Om.',com. & pref.
Cleve. Cin. Chic. & St. L., common
Cornwall & Lebanon
Cuba RR., preferred
Great Northern (quar.)
Illinois Central (No. Ill)
Lake Shore & Michigan Southern
Guarant’d stk. (Mich. So. & Nor.Ind.)
Louisville & Nashville
Mahoning Coal RR., common
v
APPLICATION TO CONVERT INTO
APPROVED.
placed In voluntary
CHANGE OF CORPORATE TITLE.
8,666—“National State Bank of Richmond” to “National State and City
Bank of Richmond, Virginia.”
6,470—The Sandy Hill National Bank, Sandy Hill, N. Y., to “The Sandy
Cooperstown & Richfield
Springs Ry. Co., subject to
Silver—New York.
Exports.
1909-10.
was
Customs Receipts
at New York.
1909-10.
October
November
December
LIQUIDATION.
9,245—The Union National Bank of Dallas. Tex.,
liquidation on May 28 1910.
Total Canada.
68,687,013 49,729,151 50,583,478 47,489,381 20,728,717 14,417,036
uly
August—.
National Bank of Lakeland, Fla.
Capital, $50,000.
C. W. Deen, Pres.; J. W. Bryant, Vice-Pres.; C. M. Clayton,
Cashier.
Conversion of The Citizens Bank of Lakeland.
Coggln National Bank of Brownwood, Tex. Capital, $100,000.
S. R. Coggin, Pres.; C. H. Benclnl and N. A. Perry, Vice-Pres.;
W. A. Waldrop, Cashier; B. H. Bettis, Asst. Cashier.
First National Bank of Sterling City, Tex.
Capital, $60,000.
W. L. Foster, Pres.; J. S. Cole, Cashier.
Brandon
Merchandise Movement to New York.
Month.
lxxxxi.
®»811—The First
Expenditures.
Fiscal
Years
[Vol.
Michigan Central.
Minn. St. P. & S. S. M., leased lines
Nashville Chattanooga & St. Louis
National Railways of Mexico, 1st pref...
N. Y. Chicago <fc St. Louis, 1st & 2d pref.
N. Y. Ontario & Western, common
Norfolk & Western, common (quar.)
Preferred (quar.)
North Carolina
Northern Pacific (quar.)
Peoria & Bureau Valley
Pitts. Cin. Ch. & St. L., com. & pf.(qu.)
Pittsburgh & Lake Erie
Reading Company, common
First preferred
Rome Watert’n & Ogd., guar, (quar.)..
St. Louis & San Fran., 1st pref. (quar.)..
Utica Clinton & Binghamton
Vandalia (quar.)
Street and Electric Railways.
Boston & Northern Street Ry., pref
Columbus(0.)Ry., pref. (quar.) (No. 43)
Commonwealth Pow., Ry. & Light, pref
Conn. Ry. & Lighting, com. & pref. (qu.).
3
2
3
2
Aug.
Sept.
Aug.
Sept.
Sept.
Sept.
IK
Oct.
3
Sept.
Aug.
Aug.
Sept.
Aug.
IK
2K
IK
2
3K
3+2
2
5
2
Sept.
July
29
1
1
1
1
1
1
1
1
1
1
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Aug.
of
of
of
of
of
of
rec.
July23a
rec.
July29a
June30a
rec.
rec.
Aug.20a
rec.
Aug. la
Aug. la
rec.
of rec. Sept, la
of rec. Aug.15a
of rec. June30a
of
19
rec.
to
July 19a
Sept. 25
20
1
31
1
1
Holders of
Holders of
Holders of rec. July 16
Holders of rec. Julyl5a
Holders of rec. July 18
July 31
to
Aug. 15
rec.
rec.
Aug. 5a
Aug. 8a
2
Aug.
IK
Sept.
l
Aug.
Aug.
Aug.
Aug.
July
Aug.
Aug.
Sept.
Aug.
Aug.
Aug.
Aug.
Holders of rec. June30a
Holders of rec. July 11a
1 Holders of rec. Aug.
1
29 Holders of rec. June30a
1 Holders of rec. June 30
10 July 21
Aug. 10
to
1 Holders of rec. Julyl5a
29 Holders of rec. June30a
1 Holders of rec. Sept.20a
1 July 23
to
Aug. 1
10 Holders of warr’t No. 5
1 Holders of rec. Aug. la
15 July
31 to Aug. 15
16 Holders of rec. Aug.3la
18 Holders of rec. July30a
1 July 23
to
Aug. 1
1 Holders of rec. Julyl2a
10 Holders of rec. Aug.
1
25 Holders of rec. July 16a
2 Holders of rec. July 23a
1 Holders of rec. July 15a
10 Holders of rec. Aug.24a
15 Holders of rec. July30a
1 Holders of rec. Julyl8a
10 Aug. 2
to
Aug. 10
25 Holders of rec. Aug. 15a
Aug.
Aug.
Aug.
Aug.
1
1
1
15
IK
3+
6
6
3K
10
3
2
3
2
2K
3K
IX
4
IK
5
3
2
IK
1
IK
IK
3
IK
IK
1
Aug.
Aug.
Sept.
July
Aug.
Aug.
Aug.
July
Oct.
Aug.
Aug.
Sept.
July 23
1910.]
THE CHRONICLE
Per
Cent.
Name of Company.
Street and Electric Rwys (Concl'd).
East St. L. & Sub., pref. (qu.) (No. 17)
Fairmont & Clarksburg Tract., pref.
OeorgiaRy. & Electric, pref. (quar.)......
Grand Rapids Ry., pref. (quar.) (No.39)
Harrisburg (Pa.) Traction
Havana Electric Ry., com. and pref
Indianapolis Traction & Terminal—_
Jacksonville Electric Co., com. (No. 12)>
Preferred (No. 16)
Lew. Aug. & Waterv., pref. (qu.)(No.l)
Lincoln (Neb.) Tract., pref. (quar.)
Mexico Tramways (quar.)
Milwaukee El. Ry. &L., pf. (qu.)(No. 43)
Montreal Street Ry. (quar.)
New Hampshire Electric Rys., pref
Ohio Traction, pref. (qtiar.)
Old Colony Street Ry.. preferred
Philadelphia Company, common (quar.)
Common (extra)
Pub. Serv. Invest. Co., com. (No. 2)_
Preferred (quar.) (No. 5).
Railways Company General
Railway & Light Securities, com. (No. 2)
Preferred No. 11
Rio de Jan. Tram., L. & P. (quar.)..
Toledo Bowling Green & Sou. Trac., pref.
West Penn. Rys., pref. (quar.)
-
—
—
-
IX
2X
IX
IX
3
IX
1
3X
3
IX
IX
IX
IX
2X
IX
IX
3
IX
Xb
IX
IX
1
2
3
IX
IX
IX
When
Books Closed.
Payable.
Days Inclusive.
Aug.
Aug.
July
Aug.
Aug.
Aug.
July
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
July
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
1 Holders of rec.
July 15a
1 July 24.
to
Aug.
I
30 June 24
1 Holders of
1 Holders of
1 Holders of
Extra
Corn Exchange (quar.)
3
5
4
3
----
German-American..
Greenwich (quar.)
Lincoln National (quar.)
2X
2X
Pacific (quar.)
Twenty-third Ward
Trust Companies.
Broadway (quar.)
Farmers’ Loan & Trust (quar.)
Hamilton, Brooklyn (quar.)
Kings County, Brooklyn (quar.)
Nassau, Brooklyn (quar.)
_
-
.
—
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
to
to
to
30
1
1
2
2
July 21
July 31
Aug. 13
rec.
rec.
to
Holders of
rec.
rec.
Holders
Holders
Holders
Holders
Holders
Holders
Holders
of rec.
of rec.
1
1
1
1
1
1
1
1
of rec.
of rec.
of rec.
of rec.
of rec.
July 16
to
July 21
to
Holders of rec.
1
1
July 28
July 28
Holders
Holders
Holders
Holders
to
to
of
of
of
of
July 20
July 26
We omit two ciphers
Banks.
00s omitted.
rec.
rec.
rec.
to
to
--
IX
12 X
3
4
2
•-
Aug.
Aug.
Aug.
Aug.
Aug.
July 21
July 24
to
to
Holders of rec.
July 26
to
July 28
to
City
Chemical
Merchants' Ex.
Gallatin
Butch. & Drov.
Greenwich
American Exch.
Commerce
Mercantile
Pacific
Chatham
People’s
Hanover
Citizens’ Cent..
Nassau
Market& Fulton
..
Fire Insurance.
Continental
20
July 31
July 31
Imp. & Traders’
Park
East River
Fourth
Second
First
1
On dem.
—
Amer.
Light & Trac.,
com.
(quar.)
X Aug. 29
1
Iff ' Sept.
1
23
July
1
28
July
1
IX Aug.
$4
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
1
July
ix Aug.
IX Aug.
1
Aug.
IX Aug.
IX Aug.
2e
Aug.
IX July
IX July
X July
1
July
3X Aug.
IX July
5
Sept.
3
Aug.
IX Aug.
3X Aug.
IX Aug.
2 3-10 Aug.
50 cts. July
2X
Common (payable in comnion stock).. 2 Xstk.
Preferred (quar.)
IX
American Steel Foundries (quar.).
IX
Brill (J. G.), pref. (quar.)
IX
Butte Elec. & Pow., Dref. (au.) (No. 36).
IX
Cambria Steel (quar.)
IX
Chicago Pneumatic Tool (quar.)
Clailiii (H. B.), 1st preferred (quar.)
Second preferred (quar.)..
Columbus Gas & Fuel, common (No. 1)
Commonwealth Edison (quar.)
Computing Scale (quar.)
Consolidated Car Heating
Consolidation Coal (quar.)
Cuyahoga Telephone, pref (quar.)
Distillers’ Securities Corp. (qu.) (No. 31)
Distilling Co. of Amer., pref. (quar.)..
Dominion Coal, Ltd., preferred
du Pont(E.I.)deNemoursPow.,nref. (au.)
Eastman Kodak, common (extra)
Edison El. 111., Boston (quar.) (No. 85)
Elec. Bond & Share, pref. (qu.) (No. 21)
Electric Co. of America..
Federal Sugar Refg., pref.
(quar.)
Guanajuato Pow. & El., pfd. (qu.)(No.8)
Homeslake Mining (monthly) (No. 428)
International Nickel, com. (quar.)
Common (extra)
Preferred (quar.)
Internat. Steam Pump, pref.(qu.)(No.45)
Kansas City Breweries, pref. (quar.)
Kansas City Stock Yards (quar.)
Lehigh Coal & Navigation (No. 127)
Massachusetts Gas Cos., common (quar.)
Michigan State Telep., com. (quar.)
Preferred (quar.)
Preferred (quar.)
Minn. Gen. Elec., com. (qu.) (No. 12)..
Preferred (No. 23)
Montreal Light, Heat & Power (quar.)
Municipal Gas, Albany, N. Y. (quar.)
National Carbon, preferred (quar.)
National Lead, common (quar.)
Preferred (quar.)
New England Cotton Yarn, pref. (quar.)..
New York Air Brake (quar.)
Niagara Falls Power
Nlpe Bay Co., common (No. 1)
Preferred (No. 1)
North American Company (quar.)
North Shore Electric (quar.)
Omaha Elec. Light & Power, pref
Osceola Consolidated Mining
Pacific Coast Co., common (quar.)
Common (extra)
First preferred (quar.)._
Second preferred (quar.)
Second preferred (extra)
People’s Gas Light & Coke (quar.)
Pittsburgh Coal, preferred (quar.)
Pope Manufacturing, common (No. 1)_.
Preferred (quar.)
Procter & Gamble, common (quar.)
Pullman Company (quar.) (No. 174)
Quaker Oats, preferred (quar.)
Quincy Gas, Electric & HeatingSears, Roebuck & Co., com. (quar.)
Siegel Stores Corporation, pref. (quar.)-.
Silversmiths Company (quar.)
Torrington Company, common.
Trenton Potteries, pref. (quar.) (No. 42)
United Cigar Mfrs., com. (quar.)
United Dry Goods Cos., com. (quar.)
U. S. Bobbin & Shuttle, common
Preferred (quar.)
U. S. Envelope, preferred
United Stales Motor, pref. (quar.)
U. S. Realtyi & Impt. (quar.)
U. S. Rubber, 1st pref. (quar.)
Second preferred (quar.)
Virglnla-Carollna Chem., com. (quar.)..
Washington (D. C.) Gas Light (quar.)..
Western Telep. dk Teleg., preferred
White (J. G.) & Co., pref. (quar.)
.
_
a Transfer books not closed.
record Oct. 1.
d Correction,
1
X
IX
ix
IX
ix
2
1
ix
IX
ix
ix
3
IX
2X
IX
X
IX
IX
IX
2
4
7
IX
1
2X
$4
IX
1
IX
IX
1
IX
IX
2X
IX
3
2
IX
1
IX
IX
IX
4
1
IX
2
1
IX
3X
IX
ix
2
IX
1 Xf
2X
2X
IX
Sept.
Sept.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
Nov.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Oct.
Sept.
Aug.
July
July
Sept.
Aug.
Oct.
Aug.
Aug.
July
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
July
July
July
Aug.
Aug.
Aug.
July
Aug.
Aug.
Aug.
Aug.
July
Aug.
Aug.
Aug.
Aug.
Sept
Aug.
Aug.
July
July
Aug.
Aug.
Aug.
Aug.
1
1
15
1
15
1
1
15
25
1
1
1
1
1
1
30
31
30
29
1
25
1
1
1
3
1
1
25
1
1
1
1
15
1
31
1
1
1
1
1
1
15
1
15
1
15
,1
29
25
15
31
1
‘1
1
28
1
1
1
1
1
25
25
30
30
15
15
31
25
15
1
15
1
25
1
1
1
1
Holders of
July
July
July
July
July
July
July
July
July
10
22
rec.
July 30
-
to
to
to
to
to
to
to
to
German-Amer...
Chase
Fifth Avenue-_
German Exch..
Germania
Lincoln
Garfield
Fifth
Holders of rec.
West Side
Seaboard
Actual
Average.
Specie.
Average.
Legals.
Average
%
S
$
$
3,473,6
•
Deposits.
Average.
$
%
16,349,0 25.4
18,909,0
3,297,0
857,0
29,950,0
8,745,0 1,811,0
18,906,0
3,496,0 1,278,0
50,986,3 13,082,6 1,405,3
24,042,9
4,196,8 2,168,4
7,349,0
1,262,0
365,0
163,916,1 40,491,5 5,193,0
28,062,8
4,966,6 1,622,6
6,660,6
1,415,5
172,3
8,236,1
1,096,6
517,1
2,331,8
536,7
69,9
7,385,8
1,795,5
184,2
31,362,1
5,092,4 1,739,8
136,721,1 21,090,4 8,010,8
14,933,3
1,719,9 1,113,5
4,003,9
532,9
446,5
7,171,0
1,039,5 1,032,2
1,784,2
396,4
138,0
60,494,0 10,617,2 6,515,1
22,190,4
5,375,2
322,0
7,200,4
391,1 1,349,4
8,679,7
1,127,2 1,024,0
11,236,1
2,828,3
245,9
40,096,0
8,321,0 5,239,0
26,191,0
3,495,0 2,397,0
80,192,0 20,103,0 1,391,0
1,461,6
333,9
103,2
24,188,0
3,480,0 2,200,0
2,894,0
179,0
12,988,0
94,001,5 24,S73,1 2,116,8
21,406,3
6,074,8 1,151,6
3,549,3
828,0
65,0
7,853,9
1,346,6
673,3
3,833,1
719,9
223,9
4,105,7
1,762,0
7,883,8
5,787,1
703,8
30,741,6
6,366,1
564,5
2,497,7
153,3
822,4
4,194,6
15,893,1
2,656,3
916,0
1,037,9
460,2
11,707,4
1,644,2
521,8
1,681,8
1,428,8
5,352,0
7,432,1
12,300,0
102,6
5,650,7
2,038,3
19,855,6
1.646,8
819,0
1,604,7
700,7
7,472,5
2,070,5
881,6
1,010,0
1,526,6
1,177,0
489,7
2.089,8
1,023,4
1,913,4
2,717,7
738,8
808,5
332,5
373,2
66,016,6
12,995,0
4,010,3
4,789,8
14,667,2
8,110,5
3,396,0
11,568,8
4,273,0
17,970,0
18,503,8
7,875,8
14,894,0
5,245,7
5,883,0
18,040,7
2,698,6
436,8
935,4
3,114,8
1,735,8
854,7
612,0
923,0
3,867,0
4,421,4
2,098,6
3,883,0
1,100,3
808,0
5,554,8
1,008,0
465,8
503,2
851,9
Re-
I’ve.
35,750,0 29.3
18,923,0:25.2
50,828,3 28.5
24,099,6 26.4
6,361,0 26.1
155,571,8 29.4
25,689,2 25.7
6,604,9 24.0
6,281,9 25.7
2,303,5 26.3
8,175,0 24.2
26,519,1 25.0
111,836,0 26.1
11,161,8 25.3
3,698,4 26.4
7,746,4 26.7
2,171,9 24.6
66,726,3 25.7
21,763,7 26.3
i 7,794,4 22.3
'
8,417,9 25.5
11,614,8 26.4
48,457,0 27.9
23,735,0 24.8
83,853,0 25 8
L666,8j26.2
21,694,0 26.1
12,592,0124.4
85,965,0'31.4
24,191,5|29.8
3,699,0,24.1
7,985,9 25.7
3,602,3 26.2
76,138,5'30.9
14,703,0 25.2
3,960,9 22.7
5,543,3125.9
15,638,8,25.5
.
190,3
7,939,5
3,922,4
11,473,3
4,643,0
20,374,0
19,635,1
9,341,3
17,857,0
6,255,7
5,855,0
262,8
2,262,4
218,0
1,443,0
971,6
315,5
275,0
515,4
640,0
24.2
28 5
25.1
24.5
26.2
27.4
25.8
23.2
25.8
24.7
figures
July 16-_
1181,068,4 257,408,5 69,923,9 1175,368,3 27.8
1
On the basis of averages, circulation amounted to 548,460,700 and United States
deposits (Included In deposits) to §1,689,300; actual figures July 16, circulation,
S48,465,000; United States deposits, 51,667,700.
The State Banking Department also now furnishes
weekly
returns of the State banks and trust companies under its
charge.
These returns cover all the institutions of this
State, but the figures are compiled so as
to distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
following:
class in the whole
For definitions and rules under which the various items
made up, see “Chronicle,” V. 86, p. 316.
are
STATE BANKS AND TRUST COMPANIES.
Week ended July
16.
State Banks
Trust Cos.
State Banks
Trust Cos.
in
in
outside of
outside of
Greater N. Y. Greater N. Y. Greater N. Y. Greater N. Y,
$
Capital as of June 30--_.
Surplus as of June 30
Loans and investments--
Change from last week.
$
$
$
25,125,000
65,406,000
*9,033,000
*8,375,000
37,935,400
171,281,300
*10,866,851
*13,077,768
290,319,900 1,051,417,800
—1,427,000
—4,566,300
91,670,200
—87,400
137,861,300
+733,900
Specie
Change from last week.
48,017,900
—417,700
117,636,200
—2,785,700
Legal-tenders & bk. notes
Change from last week.
26,334,200
—273J00
13,316,400
—115,900
-
^
Deposits
Change from last week.
336,685,600 1,127,483,200
—1,549,700
—7,809,100
96,174,400
+ 686,800
143,551,600
—571,200
Reserve
95,130,500
+ 1,007,900
19,077,300
+ 466,200
18,403,400
—645,800
on deposits
Change from last week.
P. C.
reserve to deposits..
Percentage laitft week..
+ Increase over last week.
29.0%
28.4%
—
136,445,500
—3,500,200
15.9
%6
16.0%
13.4%1j
20.5%
20.1%
Decrease from last week.
13.8% |3
* As of March 25.
Note.—“Surplus” includes all undivided profits.
“Reserve on deposits' In¬
cludes, for both trust companies and State banks, not only cash Items, but amounts
due from reserve agents.
Trust companies In New York State are required by
aw to keep a reserve proportionate to their
deposits, the atio varying according to
location as shown below.
The percentage of reserve required Is computed on
the aggregate of deposits, exclusive of moneys held In trust and not payable within
thirty days, and also exclusive of time deposits not payable within 30 days,! repre
sented by certificates, and also exclusive of deposits secured by bonds of the Stat
of New York.
The State banks are likewise required to keep a reserve varyln
according to location, but In this case the reserve Is computed on the whole amount
of deposits, exclusive of deposits secured by bonds of the State of New York.
Reserve Required for Trust Companies
and Stale Banks.
July22a
—Trust Cos.—
Total
Of
Reserve
which
—Stale Banks—
Total
Reserve
Of
which
Location— *■
Manhattan Borough
rec.
■
1,000,0
1,000,0
250,0
1,000,0
200,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
Loans.
cases.
Totals, Average 132,350,0 189,131,4 1188,473,4 252,621,7 68,798,5 1177,110,2 27.3
6 Also declared
a
.
N. Y.Prod. Ex.
State
14th Street-...
Coal & Iron
e
ments.
200,0
Liberty
July 30
X% payable Nov. 1 to holders of
Declared 4%, payable 2% Aug. 1 to holders of
July 15 and 2% Feb. 1 1911 to holders of rec. Jan. 15 1911.
/Declared 5%
payable in quarterly Installments,
g Declared 4%, payable in quarterly install¬
100,0
200,0
Metropolis
10 July 31
to
Aug.
1 Holders of rec. July21a
30 Holders of rec. July 15a
30 Holders of rec. JulylSa
15 Aug. 6
to
Aug. 15
to
.
Irving Exch
Bowery
N. Y. County..
July 24
July 27
22
Aug.
1
15
Aug. 1
17
July 31
17
July 31
17
July 31
31
Aug. 15
to
28
July 31
Holders of rec. July 5a
Holders of rec. July 30a
to
July 16
July 25
Holders of rec. July25a
Holders of rec. July25a
Holders of rec. July 15a
July 21
to
Aug. 1
July 21
to
July 31
Holders of rec. July 15a
July 24
to
July 31
Holders of rec. July 15a
Holders of rec. July 9a
Holders of rec. July 8a
July 19
to
Aug.
1
Holders of rec. July 15
Holders of rec. July 30
Holders of rec. July 15
July 22
to
July 31
July 24
to
Aug. 3
Holders of rec. July29a
July 19
to
Aug. I
to
July 25
July 21
to
13
Sept. 1
Aug
to
Sept. 1
Aug 13
1
to
Aug.
July 13
1
to
Aug.
July 21
Holders of rec. July 20
Holders of rec. July 15a
Holders of rec. July 30
Holders of rec. July 16
Aug. 17
to
Sept. 1
Nov. 1
Oct. 16
to
July 17
to
Aug. Id
Holders of rec. July 15a
Holders of rec. JulylSa
Holders of rec. July 31a
July 26
to
Aug. 1
to
Aug. 6
Aug. 15
Sept. 10
to
Sept. 13
Aug. 20
to
Aug. 23
Ho ders of rec. July 15
Holders of rec. Julylla
Holders of rec. July 15
Holders of rec. Sept. 1
Holders of rec. July 30
Holders of rec. Sept. 15
to
July 31
July 26
Holders of rec. July 20a
Holders of rec. July 5a
July 23
to
Aug. 1
July 23
to
Aug. 1
July 23
to
Aug. 1
July 23
Aug. 1
to
to
July 23
Aug. 1
Holders of rec. Aug. 3
Holders of rec. July 15
Holders of rec. July23a
Holders of rec. July23a
Holders of rec. July 30a
Holders of rec. July 30
Holders of rec. Aug. la
Holders of rec. July
1
Holders of rec. July 30
Holders of rec. Julyl5a
Holders of rec. Aug. 10
to
July 31
July 16
Holders of rec. July 21a
Holders of rec. July26a
Holders of rec. July 25
July 21
to
Aug. 1
to
Aug. 1
July 21
July 22
2,000,0
3,000,0
1,500,0
5,000,0
250,0
5,000,0
1,000,0
10,000,0
2,000,0
250,0
500,0
750,0
5,000,0
Surplus.
(00) in all
are
'
Amalgamated Copper Co. (quar.).
500,0
1,000,0
-.
Metropolitan
Miscellaneous.
American Caramel, com. (quar.)
American Cement (No. 22)
American Dlst. Tel. of N. J. (quar.)
American Gas & Electric, pref. (quar.)..
American Glue, preferred
.
.
Corn Exchange.
July 25a
July 31
Aug.
%
2,000,0
2,050,0
2,000,0
6,000,0
1,500,0
1,000,0
25,000,0
3,000,0
600,0
1,000,0
300,0
500,0
5,000,0
25,000,0
3,000,0
500,0
450,0
200,0
3,000,0
2,550,0
Phenlx
.
—
Capital.
Bank of N. Y..
Manhattan Co.
Merchants’
Mech. & Metals.
America
July 31
July 31
July 21
July 29
July 21
July 21a
July 31
July 31
rec.
the actual figures
For definitions and rules under which the various items
made up, see “Chronicle,” Y. 85, p. 836.
Julyl2a
Julyl2a
July 15a
July 31
July 31
July20a
July 13a
July 31
July 25
July 16
July la
July la
JulylSa
July 18a
July 21
July 16
July 16
July 31
July 31
July 22
rec.
Holders of
daily results. In the case of the totals,
at the end of the week are also given:
June 30
1 July 22
to
1 July 19
to
1 Holders of rec.
1 Holders of rec.
Banks.
Bowery (quar.)
Statement of New York City Clearing-House Banks.—The
detailed statement below shows the condition of the New
York Clearing-House banks for the week
ending July 10.
The figures for the separate banks are the averages of the
20 Holders of rec. July 15
1 Holders of rec.
July 15a
lJuly 1
13 July 24
195
1
Required in Cash.Required. in Cash.
15% J
15%
15%
25%
Brooklyn Borough (without branches In Manhat.). 15%
10% 1
20%
10%
Other Boroughs (without branches In Manhattan).15%
7X%
10%
15%
Any Borough with branches In Manhattan
15%
15%
25%
Elsewhere In State
10%
5%
15%
“i
THE CHRONICLE
196
[VOL.
The
Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House.
These figures are shown in the table below, as are
also the results (both actual and average) for the ClearingHouse banks.
In addition, we have combined each corre¬
sponding item in the two statements, thus affording an aggre¬
gate for the whole of the banks and trust companies in the
Greater New York.
TRUST COMPANIES.
Clear.-Hou^e
Banks.
Clear .-House
ActualFigures
Average.
Banks.
$
Total of all
Banksdk Trust
Cos. Av rage.
Stale Banks &
Trust Cos. not
in C.-H. Aver.
$
$
$
Capital as of June 30..
132,350,000
132,350,000
74.581,000
206,931,000
Surplus as of June 30-
189,131,400
189,131,400
179,347,900
368,479,300
-
Loans and investments
Change from last week
Deposits
Capital
Batiks.
and
1,143,029,500 2,331,502,900
—24,404,700
—4,862,500
1,181,068,400 1,188,473,400
—15,573,300 —19,542,200
Boston.
—625,300
—17,463,200
July 2__
July 9-_
July 16.
257,408,500
252,621,700
+ 13,174,200
+ 11,927,000
124,259,600
—2,863,100
376,881,300
+ 9,063,900
Legal tenders
Change from last week
69,923,900
+ 1,420,700
68,798,500
+2,023,300
622,110,400
*■}-* 33,100
90,908,900
+2,057,000
Aggr’te money holdings
Change from last week
327,332,400
+ 14,594,900
321,420,200
+ 13,950,300
el46,370,000
—2,829,400
467,790,200
+ 11,120,900
22,964,600
—257,200
22,964,600
—257,200
169,334,600
—3,086,600
490,754,800
+ 10,863,700
-
Specie.
.
$
July 2._
July 9-.
July 16-.
Legals.
$
40,300,0
40,300,0
40,300,0
40,300,0
202,066,0
201,139.0
202,399,0
56,315,0
56,315,0
56,315,0
56,315,0
255,414,0
256,657,0
252,779,0
251,301,0
Deposits,
Circu¬
lation.
a
$
$
21,735,0
21,802,0
23,293,0
23,945,0
200,757,0
Pbila.
5,201,0
4,911,0
4,820,0
5,667,0
67,958,0
66,678,0
65,295,0
66,649,0
Clearings
$
$
237,731,0
246,876,0
252,883,0
252,850,0
7,518,0
7,520,0
7,520,0
7,513,0
138,008,4
163,266,9
154,243,0
170,560,0
297,463,0
299,856,0
291,845,0
293,445,0
16,293,0
16,344,0
15,988,0
16,196,0
141,473,0
181,140,8
139,402,9
146,544,2
a Including Government
deposits and the Item “due to other banks.” At Boston
Government deposits amounted to $3,096,000 on July 16, against $3,152,000 on
July 9.
Imports and Exports for the Week.—The following are
July 16 ; also
January:
the imports at New York for the week
ending
totals since the
beginning of the first week in
FOREIGN IMPORTS AT NEW YORK.
For week.
—16,167,300
—8,704,100
Change from last week
Specie
$
June 25..
1,175,368,300 1,177,110,200 ol,123,267,000 2,300,377,200
--
Change from last week
Loans.
Surplus
June 25..
YORK CITY BANKS AND
Week ended July 16.
We omit two ciphers (00) in all these figures.
•
NEW
LXXXXI.
1910.
Dry Goods
General Merchandise
Total
Since Jan. 1.
Dry Goods
General Merchandise..
.
__
Total 28 weeks..
1909.
1908.
1907.
$2,995,991
13,705,212
$3,141,674
12,449,406
$2,264,lit
8,468,521
$3,178,205
10,848,556
$16,701,203
$15,591,080
$10,732,638
$14,026,761
$85,623,609
424,314,583
$92,392,912
374,602,231
$63,076,778 $102,339,368
267,329,608 388,469,863
$509,938,192 $466,995,143 $330,406,386 $490,809,231
Money on deposit with
& trust
other bks.
cos
Change from last week
Total
reserve
Change from last week
327,332,400
321,420,200
+ 14,594,900
+ 13,950,300
Percentage to deposits
requiring reserve—
Percentage last week.
27.87%
26.55%
-
27.34%
25.98%
17.5%
17.5%
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending July 16 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK
1910.
For the week
Surplus
reserve
33,490,325
-
1909.
1908.
-1907.
—
27,142,650
—
+ Increase
over last week.
— Decrease from last week.
These are the deposits after eliminating the item “Due from reserve depositories
and other banks and trust companies in New York City;” with this item Included,
deposits amounted to 51,241,255,600, a decrease of 57,618,200 from last week.
In
the case of the Clearing-House banks, the deposits are “net” both for the average
and the actual figures.
5 Includes bank notes, c Of this amount State banks held
S15.417.400 and trust companies 5130,952,600.
$12,943,363
336.45S.381
Previously reported.
Total 28 weeks
$14,313,967
323,445,386
$10,167,249
350,193,381
$12,178,811
333,002,817
$349,401,744 $337,759,353 $360,360,630 $345,181,728
a
The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing House compare
as follows for a series of weeks past:
The following table shows the exports and imports of
specie at the port of New York for the week ending July 16
and since Jan. 1 1910, and for the corresponding periods in
1909 and 1908:
EXPORTS
AND
IMPORTS
Deposits.
$
$
Specie.
Legals.
$
$
Money Entire Res.
Holdings. on Deposit.
May
May
May
14.
21-.
28—
.
4—
June
June 11-.
June 18.
June 25..
.
July
July
July
2..
9-.
16-.
2.359.492.5
2,360,057,4
2,365,681,4
2,371.700.9
2,358,172,2
2.361.489.8
2.372.896.1
2.390.776.1
2.355.907.6
2.331.502.9
2.303.523.4
2,310 714,3
2,323,016,9
2.329.930,0
2,329,091,5
2,338,192,9
2,355,576,7
2.368.248.4
2.316.544.5
2,300,377,2
368.555.7
375.170.7
380.847.3
378.288.5
379.990.2
383,945,9
388,859,0
382.979.6
367.817.4
376.881.3
88,234,6
89.934.4
S
456.790.3
465.105.1
471.926.4
468.192.9
470.792.5
475,269,4
480.539.9
473,071,5
456,669,3
467.790.2
91,079,1
89.904.4
90,802,3
91.322.5
91.680.9
90.091,9
88.851.9
90.908.9
478,076,3
486.670.6
493.964.4
491.135.1
493.105.7
497.976.7
502.770.4
496.189.8
479.891.1
490,754, S
Reports of Clearing Non-Member Banks.—The following is
the statement of
condition of the clearing non-member
banks for the week ending July 16, based on average
daily results:
YORK.
Week.
$
SinceJan. 1.
%
$
$32,150,000
1
4,455
West Indies.
.
Mexico
South America
All other countries
$5,400
3,275,842
17,000
8,828,166
41,900
-----
..
.
Total 1910
Total 1909
Total 1908
.
S8.528
3,399,868
$14,918
Germany
.
S
NEW
Imports.
Since Jan. 1.
$
Great Britain.
France
Tot.
.
AT
Exports.
Week.
We omit two ciphers in all these figures.
Loans and
Investments.
SPECIE
Gold.
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
Week
Ended.
OF
.
_
$22,400 $44,300,363
2,748,000 66,187,802
1,049,631 47,126,375
_
31
314
2,941
88,311
4,076
322,809
117,894
1,447,781
754,419
5110,277
106,142
57,011
$6,051,613
5,838,857
11,495,967
Silver.
Great Britain
France
_
.
.
Germany
West Indies.
1.
Mexico
America
South
All other countries
-
.
1,180
7,824
49,193
731,347
704,253
785,512
49
26,255
4,550
3,088
4,303
$839,947 S23,146,424
1,243,908 25,692,929
758,294 22,828,247
$33,043
127,706
.
.
$13,344
172
25,431
------
------
Total 1910..
Total 1909
Total 1908
.
$839,230 $21,421,330
1,209,600
423,645
717
61,044
58,812
S2,292,653
2,847,945
1,701,952
We omit two ciphers (00) in all these figures.
Banks.
Capi¬
Sur¬
tal
plus.
and
Invest¬
Legal
Deposit with
Tender
Specie.
ments.
and
BankNotes.
Net
Clear¬
Other
ing
Agent.
Banks,
Deposits.
Of the above imports for the
American gold coin and $
the exports during the same
can
&c.
gold coin and $
N. Y. City
Boroughs of
Man.dk Brx.
Wash. Hgts
$
100,0
Century
200,0
Colonial
400,0
Columbia..
300,0
Fidelity
200,0
Jefferson
500,0
Mt. Morris,
250,0
Mutual
200,0
Plaza
100,0
23rd Ward,
200,0
Union Ex N 1,000,0
Yorkvllle
100,0
New Neth’d
200,0
Batt.Pk.Nat
200,0
Aetna Nat.
300,0
Borough of
Brooklyn.
200,0
Broadway...
Mfrs.’ Nat.
252,0
Mechanics’.. 1,000,0
Nassau Nat.
750,0
Nat. City..
300,0
North Side.
200,0
First Nat..
300,0
Jersey City.
First Nat..
400,0
Hud.Co.Nat
250,0
Third Nat..
200,0
$
265,8
141,5
333,2
746,5
167,0
530,4
313,2
364,1
440,0
114,0
924,0
449,4
252,7
150,8
310,5
...
--
Hoboken.
First Nat..
Second Nat.
504,6 3,125,0
802,4
5,829,9
775,4 11,447,0
984,8 7,435,0
580,4
3,926,0
135,4
1,915,2
594,6 3,493,0
1,240,3
753,4
398,0
220,0
125,0
Tot. July 16 8,447,0
Tot. July 9 8,447,0
Tot. July 2 8,447,0
$
620,5
238,7
$
$
1,365,0
141,9
62,7
1,397,1
29,4
205,3
5,681,2
792,4
441,9
6,255,0
588,0
540,0
1,039,6
93,7
68,7
3,266,0
74,9
461,9
2,862,4
529,3
43,5
3,707,8
43,1
564,5
3,982,0
319,0
471,0
1,890,2
163,7
53,8
8,685,6 1,231,5 1,000,0
4,077,8
47,7
754,9
2,393,0
205,0
67,0
1,299,2
131,5
36,2
1,979,5
451,5
23,5
5,136,2
3,120,9
2,110,8
2,967,5
2,701,5
•
$
$
145,3
60,0
596,3
875,0
121,7
244,9
448,3
16,8
536,3
996,0
269,5
256,4
271,3
267,0
65,8
99,7
94,5
222,5
263*,8
112,4
5,3
3,590,9
3,775,8
257,2
5,0
2,542,0
Spencer Trask & Co.
43 EXCHANGE PLACE. NEW YORK
Branch offices: Chicago. IU.. Boston. Mass., Albany. N. Y.
1,153 +
31,7
1,884,0
28,0
431,0
475,2
327,9
371,5 1,409,6
628,0
311,0
104,0
517,0
130,8
102,1
338,0
83,0
281,3
871,5
1,426,0
1,736,0
646,0
243,5
400,0
233,4 3,525,1
142,8 6,539 +
237,6 14,856,4
8,158 0
189,6 5,050 0
111,3 2,250,0
38,0 3.22R0
306,1
139,9
48,8
373,9
45,2
144,0
1,507,2
256,5
339,6
310,0
191,3
18,6
6,017 5
2,697 9
151,9
97,8
27,0
96,2
162,7
57,8
176,6
181,9
2,778 1
WHITE, WELD &
2,847,2
CO.
Members New York Stock Exchange
5 NASSAU STREET.
THE ROOKERY,
NEW YORK
CHICAGO
‘
BANKING and EXCHANGE of every description In connection with
EXPORTS &
2,269,5
13,131,6 103089,4 7,662,6 8,662,8 13,181,6 2,839,7 117056 3
13,131,6 102889,6 7,450,8 8,616,6 15,020,7 3,052,7 118712,0
12,997,8 102879,6 7,739,1 8,473,5 14,256,3 2,357,8 116969,8
Philadelphia.
SECURITIES
eight-page circular No.687 describes several Issues of sound
Investment bonds yielding about 4H to 5^%.
4,142,4
5,210,0
Boston and Philadelphia Banks.—Below is a summary of
the weekly totals of the Clearing-House banks of Boston
and
INVESTMENT
Our
2,073,5
8,810,5
5,269,3
week in 1910, $
were
American silver coin. Of
time, $5,400 were Ameri¬
were American silver coin.
gatiltltig and ffitiattcial.
$
1,369,4
1,687,0
7,108,5
7,168,0
1,061,8
•
'
Loans.
Disc'ts
"■
IMPORTS
*
International Banking Corporation
New York.
.
CAPITAL & SURPLUS. $6,500,000
BRANCHES and AGENCIES throughout the WORLD.
60 Wall St..
THE INTERNATIONAL BANK
Organized under the Laws of N. Y. State.
60 Wall St., New York.
Accounts Invited.
Interest paid on Term Deposits.
THOMAS H. HUBBARD. President.
July 23
1910.]
THE CHRONICLE
Charleston, buying, par; selling 1-10 premium. St. Louis,
15c. per $1,000 premium.
New Orleans, commercial, 25c.
er
$1,000 discount; bank, 90c. per $1,000 premium,
avannah, buying, 75c. per $1,000 discount; selling, 75c.
per $1,000 premium.
Montreal, 31%c. per $1,000 discount.
Wall Street, Friday Night, July 22 1910.
The Money Market and Financial Situation.—The divi¬
dend announcements during the week have had an
important
influence upon the security markets.
Not much surprise was
caused and little depression resulted from the
passing of
Chicago & Alton’s dividend, early in the week, but later,
when the dividend on National Lead was cut from 5 to
3%,
Lead common dropped 17% points and the entire market
was weak in sympathy.
Such action, naturally, raises the
question as to what other stocks may be similarly treated.
As a matter of fact, special circumstances seem to
explain
both these dividend changes.
Other than these matters, the developments of the week
have been generally favorable.
The threatened strike of
Pennsylvania trainmen which a week ago seemed imminent
is in process of adjustment by arbitration.
Both wheat and
cotton, although more or less irregular, have shown a ten¬
dency to decline on crop news, and in many cases railway
gross earnings show a large traffic movement.
The bulk of
the gold offered in the London market on
Monday was se¬
cured for shipment to New York, and a
consignment is re¬
ported to t^e coming from Mexico. At the same time, the
local banks have been gaining in their transactions with the
Sub-Treasury, and call loan rates have been down to 1%%.
The decline in the price of cotton which has
already taken
place, and the prospect of a further tendency in the same
direction, is a matter the importance of which is not likely
to be over-estimated.
A free
export movement of cotton
during the coming season will be of great benefit in enlarging
197
State and Railroad Bonds.—A prominent feature of the
bond market this week has been the demand for New York
State canal 4s, $285,000 of which were taken on the Ex¬
change at steadily advancing prices from 101% to 102. Sales
$5,000 Tennessee settlement 3s were also made at 95%.
The market for railway and industrial bonds has been un¬
usually dull, the transactions averaging but a trifle over
$1,000,000 per day, par value. These sales were widely
distributed, however, including a large number of issues.
Fluctuations have again been limited to fractions and net
changes are in most cases to a lower level.
Atchison conv. 4s are exceptional in an advance of 1
point,
and Burlington & Quincy joint 4s and
Reading 4s have been
relatively strong features. Several issues which have been
more or less active close
unchanged, including American
Tobacco 4s, St. Louis & San Fran. 5s and
Pennsylvania 3%s.
of
United States Bonds.—Sales of Government bonds at the
Board are limited to $3,000 4s
ing
are the daily
page following.
coup, at
Interest
Periods
2s,
2s,
3s,
3s,
4s,
1930
1930
registered Q—Jan
coupon Q—Jan
1908-18.
registered Q—Feb
1908-18
coupon Q—Feb
1925
registered Q—Feb
4s, 1925.coupon Q—Feb
2s, 1936.Panama Canal regis Q—Feb
2s, 1938.Panama Canal regis Q—N ov
-
114%.
closing quotations; for yearly
_-
-
The follow¬
third
range see
July
July
July
16
July
18
19
20
July
July
21
22
*10094
*10094
*10194
*10194
*11494
*11494
*10094
*10094
*10094
*10094
*10194
*10194
*11494
114 94
*10094
'
*100% *100% *100% *10094
*10094 *100% *100*4 *10094
*10134 *10134 *10134 *10194
*101% *101^ *10134 *10194
*114 % *114?4 *114% *11494
*11434 *11414 *114% *11494
*10094 *100% *10094 *10094
*100*4 *100% *10094 *10094
foreign trade balance.
The open market rates for call loans at the Stock
Exchange
*10094
during the week on stock and bond collaterals have ranged
from 1% to 2%%.
This is the price bid at the morning board;
To-day’s rates on call were 2@2%%.
no sale was made.
Commercial paper quoted at 5 @5%% for 60 to 90-day en¬
Railroad and Miscellaneous Stocks.—The transactions in
dorsements, 5%@6%% for prime 4 to 6 months’ single names stocks have been limited in volume, even for the
season,
and 6@6%% for good single names.
amounting on Tuesday to only 227,000 shares, the third
The Bank of England weekly statement on
Thursday smallest record of the year. The tendency of prices has been
showed a decrease in bullion of £174,782 and the
percentage towards a lower level, to-day’s market being especially weak
of reserve to liabilities was 51.27,
and practically the entire active list closes from 2 to 5
against 50.32 last week.
points
The rate of discount remains unchanged at
3%, as fixed lower than our last quotations.
June 9.
The Bank of France shows an increase of
Attention has been directed more
8,075,000
largely than usual to the
francs gold and a decrease of 8,850,000 francs silver.
miscellaneous list, owing to irregularity of the
copper stocks
NEW YORK CITY CLEARING-HOUSE BANKS.
and a sensational decline in National
Lead, as noted above.
This stock closes to-day 20%
points below its selling price
1910.
1909.
1908.
on
Wednesday.
Averages for
Differences
Averages for
Averages for
our
-
_
*
„
week ending
Jxdy
16.
from
previous iveek.
week ending
July
17.
week
18.
'
S
Capital
Surplus-.
$
$
132,350,000
189,131,400
S
126,350,000
174,450,100
126,350,000
165,169,100
321,420,200 Inc. 13,950,300
294,277,550 Dec. 1,865,800
390,437,400
355,868,200
389,231,700
336,503,300
27,142,650 Inc. 15,816,100
34,569,200
52,728,400
27,564,975 Inc. 15,806,900
35,068,625
55.228.S25
Loans and discounts
1,188,473,400 Dec. 19,542,200 1,345,586,500 1,264,688,300
Circulation
48,460,700 Dec.
11,200
49,259,200
56,020,100
Net deposits-.
1,177,110,200 Dec. 7,463,200 1,423,472,800 1,346,013,200
U. S. dep. (incl. above)
1,689,300 Dec.
36,800
1,997,700
10,001,700
Specie
252,621,700 Inc. 11,927,000
309,242,700
310,163,600
Legal tenders...
68,798,500 Inc.
2,023,300
81,194,700
79,068,100
.
..
-
Reserve held
25% of deposits
Surplus
reserve
Surplus, excl. U. S. dep
Note.—The Clearing House now Issues a statement
weekly showing the actual
condition of the banks on Saturday morning as well as the above
These
averages.
figures, together with the returns of separate banks, also the
summary Issued by the
State Banking Department, giving the condition of State banks and trust
companies
not reporting to the Clearing House,
appear on the second page preceding.
Foreign Exchange.—Operations in foreign exchange have
not been of large volume
during the week. Moderate offer¬
ings of bills were sufficient to cause recessions, while the
market was equally responsive to
inquiries for bills
The
immediate outlook is regarded as
peculiarly uncertain.
To-day’s (Friday’s) nominah rates for sterling exchange
were 4 84%
for 60-day and 4 86% for sight. To-day's
actual rates for sterling
exchange were 4 8345@4 8355 for
60 days, 4 8550@4 8555 for
cheques and 4 85%@4 8580 for
cables.
Commercial on banks 4 83@4 8334 and documents
for payment 4 82 %@4 83
Cotton for payment 4 82 %@
4 82% and grain for
payment 4 83@4 83 %.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 20%@5 20 less 1-16 for
long and 5 18% less 1-16@
5 18% less 1-32 for short.
Germany bankers’ marks were
94%@94 11-16 for long and 95 less l-32@95 for short.
Amsterdam bankers’ guilders
40% less 1-16@40% for short.
Exchange at Paris on London, 25fr. 20 %c.; week’s range,
25fr. 21 %c. high and 25fr.
19%c. low.
Exchange at Berlin on London, 20m. 45%pf.; week’s
range, 20m. 46%pf. high and 20m. 44%pf. low.
The range of foreign
exchange for the week follows:
Sterling Actual—
High for the week...
Low lor the week
Paris Bankers’ Francs—
High for the week
Low for the week
(jrermany Bankers’Marks—
High for the week
Sixty Days.
4 83 94
4 83 94
Cables.
Cheques.
4 8570
4 8530
4 8590
4 8534
5 20 less 1-16
5 1894
5 20 % less 1-16
5 18 94 less 3-32
"»> •
<
ft i;
.94 11-16
Low for the week
94 9-16
Amsterdam Bankers' Guilders—
High for the week
40
Low for the week
39 96
-
95
"*
94 15-16
40 25
>40 22
5 IS
less 3-32
5 18 % less 1-32
95 1-16
95
*
40 30
40 26
The following are the rates for domestic
exchange at the
undermentioned cities at the close of the week:
Boston,
5@7%c.
premium.
$1,000 discount. Chicago, 15c. per $1,000
San Francisco, 70c. per $1,000* premium.
per
Canadian Pacific and the “Soo Line” shares have been
eniing
July
freely offered
west.
stock is
on the crop situation in the Canadian North¬
The former has declined 5
points and the last-named
10% points lower than last week. Reading has lost
5% and Union Pacific 4% points within the week. On the
other hand, Northern Pacific and
Pennsylvania are only
fractionally lower. Amalgamated Copper is the only active
stock that closes with a net
gain. Anaconda Mining and
New York Air Brake are
unchanged.
For daily volume of business see
page 205.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
STOCKS.
Week ending July 22.
Sales
Batopilas Mining
Canadian Pac subscrip
tlon receipts 4th paid.
Cent & Sou Amer Teleg.
General Chemical
Preferred
Keokuk & Des Moines..
Lackawanna Steel.
..
..
Range for Week.
for
Week.
1.40C
Lowest.
the
$294 July 21
Lowest.
Exchange, attributed
Highest.
$294 June $394
400 175
July 22 17834 July 22 174
5C 115
July 21 115
July 21 115
10(
94
July 22 94
Julv 22
93
150 103 94 July 21 10394 July 21
10134
10(
5
5
July 20
5
July 20
100 40
July 21 40
July 21 40
Outside Market.—A sudden
on
Highest.
$294 July 21
Range since Jan. 1.
Feb 193
Jar 120
Jum 110
June 107
June
9
June 45
Jan
May
Jan
Jan
Mch
Jan
May
improvement in
copper shares
to reports of an agreement
among producers to restrict output, caused a like improve¬
ment in copper shares on the “curb.”
This movement as
quickly subsided and gains in most instances
out.
The wide fluctuations and
unusually
of Standard Oil also
produced somewhat of
were wiped
heavy sales
a
sensation.
British Columbia Copper sold down from 4% to
4% and up
to 5.
Butte Coalition went down from
17% to* 16% and
up
to 18%, moving back finally to 17%.
Chino Copper
weakened from 10% to 10%, then ran
up to 12, the close
to-day being at 11%. Giroux fluctuated between 6% and
6% and ends the week at the low figure. Greene Cananea
sold between 6% and 7.
Miami Copper, after weakening
from 17% to 16%, improved to
19%, but reacted, the final
figure to-day being 18%. Kerr Lake rose from 8 to 8% and
dropped to 7%. Nipissing declined from 10% to 10%.
Among miscellaneous securities Standard Oil was conspicuous
for its sharp declines and advances.
After a loss of 15 points
to 585 it rose to
598; then fell to 587. It sold up again to
595 and to-day weakened to 590.
American Tobacco lost
5
points to 410.
Intercontinental Rubber declined from
21% to 20% and recovered to 22%. United Cigar Mfrs.
common sold between *67 and
67% and finally at 67%.
Among bonds Western Pacific 5s advanced from 92% to
93%, sank to 92% and recovered to 93. N. Y. State Canal
Improvement 4s sold up from 100% to 100% and were trans¬
ferred to the Stock Exchange, where sales were made from
101% to 102.
Outsid^ quotations will be found on page 205.
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
STOCKS-—HlOHEST
Saturday
Monday
July 18
July 16
♦31
♦69
50
72
♦29
*69
9814 99*4
100% 100*8
Tuesday
38
72
*29
*69
98
97*2 9834
*997g 100*8
112*2
108*2 109
109% 109*2
91
*89
76
77% 7734
185*4 185*4
72*4
*..._
♦260
73*4
♦23*2
♦....
*260*
285
73*2
7278
24*2
26
66
♦2334
24*4
♦46
48
*_
*—
121
146
142
203
*135
*150
143
♦203
♦135
♦150
143
210
150
170
♦212
3*2
♦7
174*2
♦54
♦72*2
*71
9
*7
2934
§71*8
.
25*8
41*8
*30
123*2
*51*4
*12
*_
102
55
75*2
*73
74
74
156*4
575
*500
2934
71*8
2U2
25*8
41*8
32*2
124
53
*95
*_
3234
*69
*28
*61*2
*14
*35
*60
43
66
143
132
27*2
70
♦
*126
*66
*26*2
114
*61
*100
*85*2
*149*2
*
*140
*87
32
*63
3278
57*2
133
69
*126
*65
*26
27*2
11412
*88
63
110
90
153
144
*100
*85
*_
*97
93
116
32*8
*73
*60
*41
28
*10712
162
♦91
30
*59
*17
*36*4
4434
*67*2
4*4
*8*2
♦5
*48
132
27
66
75
28
142%
*128%
*140
*87
31%
§65
59*8
130
69
27
58*8
*126
*66
110
90
63*2
17*2
43
66
143
132
27
66
123*2 125*4
66
148
90
32
65
58%
130
69
*263S 27%
113*2 114%
*61*2 63
*100
*85
144
110
90
*
*105
97
32*2
76
65
43'
98*4
96*2
9
22*4
48*2
109
163
9178
30
60*2
17*2
3634
45
6884
il1*1
6
48
116
94
31%
74%
32*2
753S
65
41
29
69
112*2 1143s
23
23%
54
55*2
28
9%
*8
11734 118%
108
110
114
28
10*2
9*2
22%
48*4
527
27
66
116
*
94
94
31%
32*4
75%
73
*58
41
66
41
23
23*8
46*2 *46
12234 123*2 121%
147% 148 *147
143
142*2 143
*203
*135
*150
*203
*135
*150
210
150
170
*2*2
*95
*53*2
74
*72
*156
*500
30
23
*7
35*8
44%
67*2
4
*9
*5
*47
61
17
105*8
5412
74
74
4434
67*2
4*s
11
6
50
3584
625
30*2
70*2
70*2
11*2
22*2
24%
*40*2 42%
*30
32*2
124*2 125%
52% 52%
97
44
*65
4*4
*9
*5
50
6
50
*500
29
*62%
17%
35
75
29
63
24
22
24*2
40%
41%
*30
43
66
140%
130
27
66
123% 124%
*140
*87
148
90
31%
*63
*56
*126
69
*61
*110
*86
*151
14334
43%
*9634
*87*2
118%
95
97
129
17%
43*8
98
93
119
108
110
110
*85
34%
75
63
69
17
35%
*44
*62
*4
*9
*5
*48
17*4
35*2
44*2
68%
4I0
11 “
6
50
*24
*35
119
*140
*87
31%
64
*11
21%
23%
40%
24
41
*30
Banks
Exch.
udubon
attery Pk.
rner
oweryll...
ronxBoroli
roax Nat.
ryant Pk f
utch & Dr
mtury If..
*ase
Bid
175
590
.35
100
120
375
300
195
155
140
170
440
Ask
Banks
_
_
♦Bid and arked_pr.ces; no sales
I Sale at Stock Exchange or at
Bid
Chatham
320
180
Chelsea Exli 200
610
Chemical
430
2421c Citizens' Ctl 155
atv
385
U5
Coal St Iron 150
130
Colonial Ti__ 350
Columbia 11. 350
Commerce
205
t201
Corn Ex H__ 317%
160
East River. 145
145
165
Fidelity 1|
176
Fifth A veil. 4100
'6>
50
148
90
32
64
_
51%
63
110
90
151
145
43%
97 *2
108
110
114
116
88
94
32
NEW YORK STOCK
65
40%
40%
28%
*27
*67
17%
49*8
17%
32
♦69
♦26
68
17
80
58
17
34%
44
*64
*4
*8%
127
18
50%
17%
3434
75
27*8
27*8
139%
*140
*88
30
63
130
27
66
120
146
89
31%
63
55%
*126
*66
58*2
135
69
26%
111
60
*100
*86
*150
26*2
113%
61%
110
90
151%
14334 143%
4134 4234
97% 97*4
*87*2 93
11634 117%
*90
*90
*90
127
Lowest
Railroads
Arbor
25
Do pref..
48*2
59,610 Atch Topeka St Santa’Pe
91%
Do pref
700
x97
Atlantic
Coast
104
1,600
Line HR..
5,820 Baltimore St Ohio
104%
Do pref
200 -D
89
!
ti8io
16,150 Brooklyn Rapid Transit
16,618
176%
anada Southern
160
60*2
Central of New Jersey... 160
15'660 Chesapeake & Ohio
701?
160 Chicago & Alton HR
24
Do pref
64%
22
2,600 Chic Gt Wes, trust ctfs_.
Do pref trust ctfs
45
34,000 Chicago MJIw & St Paul.. 113%
Do pref
145
3,100
2,550 Chicago St North Western 138%
Do
100
203
pref.......
Chic St P Minn St Omaha 140
Do pref
$160
100 Chic Un Trac ctfs stmpd
2*o
Do pref ctfs stmpd....
5%
Cleve
Cln Chic & St L
250
72%
Do pref...
100
.....
nn
....
.
_
Canadian Pacific
...
1,400
100
Colorado
6s
127%
9134
Q4
116
137% 14034
86
92
86
92
29*2
72*2
30%
73%
♦58
39
65
40*4
25*2
67
27
67
110% 113%
22
2234
53
64%
♦26% 27%
934 10*4
8
♦6*2
22% 22%
45*4 47%
106
106
[Delaware St Hudson...
3,085 Denver & Rio Grande
Do pref
1,068
...
Do pref
1,800 Illinois Central
4,310 Anterboro-Metropolitan
Do pref..
5,950
1.300 Iowa Central
Do pref
1,900
17" C Ft S & M tr cfs, pref
JjLansas
1:260
City Southern
Do pref....
240
.....
.
...
Manhattan
lnneapoiisElevated
6s St Louis
Do pref
Minn St P 6b S S Marie...
Do pref.............
Do leased line ctfs....
Mo Kansas 6b Texas
Do pref
Missouri Pacific
...
310
1,850
100
400
200
6s St1st
Louis,
Nash
Chatt
at Rys
of Mex
pref
2,400 N Y Ontario 6s Western.
870 Norfolk 6s Western
Do adjustment pref
14:266 Northern Pacific
|>aclfic Coast Co.......
JC
Do 1st pref........
Do 2d pref....
pref
Do
1st pref....
100 Reading
•
...
...
2d pref
34,850 Rock Island Company...
Do pref
4,600
St L 6b San Fr. 1st pref..
Do 2d pref
1,200
1,000 St Louis Southwestern...
Do pref
600
79,173 Southern Pacific Co
6,300 Southern v tr cfs stmpd.
Do pref
do
2,450
500 rpexas 6b Pacific
JLhlrd
Avenue
(N
Y)
8,000
200 Toledo Railways 6s Light
200 Toledo St L 6b Western..
Do pref
4,020
573 Twin City Rapid Transit
17
6
6
47
50*8
68
5*8
9*4
6
49
2,800
9,150
910 West Maryland
WX-p-s:::::::
100
Do
Ry....
pref.
1.600 Wheeling 6b Lake Erie—
Do 1st pref..
100
—
Do 2d pref.........
600
610 Wisconsin Central....
3
3
3
6
104
Jan 15
0o34 Feb 25
83
81
185
C20
52
84
06
Men 4
Jan 6
Jan 3
Mch 21
Jan 3
Jan 3
Jan 27
18%
34%
34%
5234
Jan
Jan
Jan
42
Mch
3
Mch
4
12478 J’ly 14
101% J nel4
Jau
25% Jan 11
02% Jan 12
-Mch $230
Apr 167
$180
Dec
Jan
Jan
Dot
76** Jan
73% Jan
73,
68
100
51
56
Jan
14%
Nov
28
Feb
22%
Mch
30*o
2sin
Mch
Alcb
136%
Feb
137
11%
Apr
Feb
Mch
SO
Feb 18
53% Jan
14
5
4
Feb 24
Mch 3
51*8 Jan
74% Jan
5
5
73% May23
139
69
Jan
128
67
Mch 9
8
J’ly 20
29% May 6
May27
109% Jan 21
98
50
Jan 19
Mch 14
Mch 11
Jan
6
108%
91%
145%
118%
Mch 21
Mch 16
Jan 3
Jan 12
118
Jan
3
138*2 M^h 9
104% Mch 2 2
HO Mch 1
172% Feb 18
93% Feb 17
110% Jan 3
57*4 Jan 3
92% Apr 9
73
60
Jan
Jan
6
5
34% Jan 3
77% Jan 3
109 J’ne30 zlJ8% Jan 4
20% J'ne30
33% Jan 3
63
75 Jan 3
J’ly 6
26
J’ly 6
36% Jan 3
5% J’ne 1
19% Jan 7
5% J’ly 6
16% Jan 12
20% J’ne 18
64% Jan
45*4 J’ly 22
72% Jan
106
J’ly 22 117*2 Jan 8
154*4 J’ly 6 20434jan 3
89 J’nO30 103% Jan 7
23% J’ne30
42% Jan 3
47 J’ne 30
72% Jan 8
16
J’ne30
27% Jan 3
61 Jan 3
32% J’ly 22
41
J’ne 30
54%Mch 12
67% J’ne 18
70*2 May 19
J
10 Jan 3
Apr 28
-
8
J’ne 30
J’ne 30
45% Feb 4
23
3
56i?Mch
8
7
Jan
13*2 Jan
4
743j
37
67%
19*2
48
50
zl21
137
61
si
132%
147
89
351 o
71 “
65
122U
Sep
reb
Feb
Feb
^eb
Jan
Jan
Jan
Dec
Sep
Mch
Jan
Apr
J iy
Feb
Feb
Feb
Jan
44% Apr
21
Dec
120%
Feb
48*2 Mch
Feb
76% Apr
100
1154
Nov
Aug
7
Aug
J iy
Jan
18%
83%
Jan
Deo
105
Men
68% Jan
86
May
84%
Jan
200
t80
51
90
May
Apr
Apr
Feb
71% Aug
21
Jan
36*2 Jan
J’ne
56% Aug
Aug
46
167% Aug
88*2 Aug
Dec
21
103
Deo
100
Deo
39
94**>
162%
25%
48
162
J’neio hl51
J’ne30
J’ne 7
208
148
Aug
198% Aug
LSI
3
Apr 28
88
Mch
Feb
54% Jan
155% Mch 2
92% Jan 3
113
105
Feb
158%
173%
166*2 Jan
310 Dec
Dec
74% Apr
7SU Mch
37% Dec
64% Deo
105‘8 Sep
63%
144
Jan 25
Feb 2
01%
36
G2
Mch 8
J’ly 8
Apr 28
Dec
Dec
82% J’ne
189% Oct
70% Nov
323*■» Sep
Mch
26% Nov
80
145
J’ne 30
May 4
Oct
36%
139
Jan 15
125%
K)6% J’ne
143*2 Aug
122% J’ly
96
Apr
3
J’ne25
115% J’ly 22
3
Mch
Jan
30
J’ne 30
J’ly 6
Feb
31%
53%
88
5
26
141
—
18% Mch 22
97% Apr l :
147
Jan
65*8 Mch
13%:Nov
Feb
3D
83*8 Feb
80% Jan
Jan
«*an
Mch
Jan
Feb
Feb
Jau
79*2 Jan
143% Jan
99
60%
2' 5
535
37*8
5
3
J’ne 6
107*2 Jan
103*2
91
Nov
167% Feb
Jan
Jan
Apr
Jan
Feb 14
126*2 J’ne 30
91*4 J’ly 22
Mch 10
114
137*8 J'ly 22
86
J’ly 22
92
J’ly 22
28% J’ly 6
71% J’ly 8
60% J’ne 13
37 J’ne 6
24% Feb 8
67 J’ly 22
....
Jan
lo
25%
02%
70%
159%
105
41,700 Pennsylvania
1,710 Plttsb Qn Chic 6b St L..
225
an
Jan
67% Feb
70
Nov
J’ne30
J’ne29
J’iy
J’ly 22
yy’s
100%
55%
J’ne30
95
...
06% Jan
09
Apr
36% Jan
64% Jan
158% Jan
172% Jan
I8212 Jan
4
4
Subscription receipts A.. A143
40% J'ne30
300
Jan
Jan
Jan
3
60
......
34%
4334
J’ne29
J’ly 0
J’ly 15
86*2 May 5
28% J’ly 6
63
J’ly 22
54% J’ly 6
130 Jan 25
.....
70
312
92
Mch
”
67
82% May21
198% May25 zl65
162*2 Feb 22
Apr 25 §170% Feb 18
May24
5% Jan 4
May 24
12% Jan 4
92% Mch 18
J’ly 18
__
15734 161% 425.600 vfnlon Pacific.......
Do pref
1,600 U
90*8
30
100 Unit Rys Inv*t of San Fr
Do pref...........
800
56*2 66%
16
j'ue27
Apr 2»
7
Jan
.....
500
J’ne30
Jan
71
Do 2d pref
24%
17.200 N Y Central 6s Hudson.. 110%
N
Y
Chic
6b
St
Louis
55%
1,300
Do 1st pref.......... $101
Do 2d pref
82%
149
225 N Y N H 6b Hartford
512:300
J’ly 22
J’ne30
J’ne 30
J’ly 0
94
20
Mch 2
72*t Mch 8
124>8 Jan 3
104% Jau lo
137*2Jan 6
119% Jan 8
44% Jan
xOo
15
45
60
137
123
25
50
LakeDoErie
6s Western
pref.....
7.350
J'ne27
30*2 J **® 29
120% J’ne 30
45
J'ly 6
12*2 J’U3 2
88% Jan 20
94% Jan 25
102
May 5
86
Feb 7
125*4 J’AO30
16
J'neoo
45% Feb 8
15
J'ne30
32
J’ly 22
69
J’ne 30
26*4 J’ly 9
Havana
Electric
Do pref..........
5,400
7
Feb 8
J’ly 20
J’ne 3
J’ne30
J’ly 1-
27% J’ne3U
66 J'ne30
45 j’ly 11
10
J'ly 1
21
J'ly22
23% J no30
39% J’ne 30
....
Detroit United
100 Duluth So Shore & Atlan
Do pref..
630
I
7,350 L*rle
1,400 -Cl Do 1st pref
Do 2d pref........
12,400 Great Northern pref..
Iron Ore properties...
3,900
Green Bay & W, deb ctfB
504
6
Feb
155
520
-L/eiaware Lack St VVest.
Long Island
3,600 Louisville 6s Nashville
1
J’no3L
J’ly 8
74
...
90
*25
3538
32*2
44*8
43%
68*2 *63
4*2
4*2
11
9*4
J’ly
J’ly
J’ne 4
53% j ’ly 22
74
J’ly 15
Southern....
Do let preferred......
Do 2d preferred
...
36
Feb 23
J’U630
ll ighesi.
Lowest
HiyhiSL
Feb 25
....
110
110
114
♦105
68
112% 11334
22% 23*8
♦54*8 55%
*27
27%
10
10*2
6%
634
*21
22%
48
4634
10634 106*4
15934 162%
90% 90%
EXCHANGE
A
450
100
100
Hangs /or tretious
Year (1909)
Range Since January 1.
On basts of 10W*hare tots
Hocking Valley
127
74%
*58
J ’ne
Aug
P*50
Deo
82
Apr
Apr
Sep
f0%
Aug
75%
29%
64%
71%
Aug
Aug
J’ne
Dec
162*5 Aug
153*2 Jan
05
90
Jan
Jan
149% Jan
164*2 Aug
94
Deo
50% Oct
78% Oct
77*2
142
04
Aug
Dee
Dec
26-% May
147% Aug
Nov
Feb
Nov
174% J’ne
09
100
95
Dec A149% Dec
Feb
55% J ne
Dec
102
84% Jan
/j147!o
42%
85*« Mch
133*4 Feb
76
Mch
92% Jiy
159*2 Aug
116*2 Deo
100 Mch $106
Sep
88
Mch 115 Deo
126*8 Feb
151*4 Sep
86% Jan
9978 Deo
104
Feb
116*4 Sep
118 Feb
173% Sep
89 Mch
96 Aug
90 Feb
117% Deo
81
Dec
20% Feb
67% Feb
94% Deo
65*4 Mch
74 Deo
36 Feb
60% Sep
20*2 Feb
35% Deo
82
Deo
47% Jan
139*8 Aug
114% Feb
22
Feb
34
Aug
60
Jan
76*2 Deo
30 Feb
40*2 Aug
12% Deo
42*2 Jan
May
7
15% Jan
43
Feb
547s Oot
74% Jan
64% Feb
97
Jan
116*4 Deo
172*2 Feb 219 Aug
x94
Mch 118*2 AUg
30 Feb
47 Sep
77
60*4 Feb
Sep
15 Feb
27*8 Deo
41 Feb
61% J’ne
6
J'ly
16% J’ly
6% J'ly
35% Jan
12% «*an
25% Jan
15% Jan
63% Apr
COMPANIES—BROKERS' QUOTATIONS.
Banks
Fifth
Bid
Ask
300
875
150
350
900
165
First
14th StH...
Fourth
T184
Gallatin
375
320
165
Garfield
290
Germ-Am 11 140
Germ’n ExlJ 485
1202% Germania fl_ 550
150
322% Gotham
Greenwich 11 255
155
175
Hanover... 620
4500
Imp & Trad 540
445
160
STOCKS
the
Week
Shares.
94
95
*
58%
*92%
30%
72%
330
124
115%
130
68
*61
*100
*86
151
*144
43
*97
Ask
32*2
122%
BANKS AND TRUST
New York
etna
merica Tu¬
12
21
123%
*26*4 27%
112% 113%
*5
*49
69
130
27
66
139% 140%
$130
.
69
29%
43
65
*85
65
525
*490
28
68
*35
*60
137
130
*24
*35
43
66
1393a 142%
*58
75
74
62%
17%
17%
*35
*60
*105
94*2
32%
74*4
5334
62%
*14%
*14%
*87*2 93
117% 118%
*92*2
3134
7434
122
147
142
210
150
170
15538 156*2
18
127% 128*8 127% 128%
*93*2 96*2 *93% 95*2
141%
5334
*72
*71
28*2
*99
*85
*100
116
143
88
46*2
14012
17%
6034
50
*17%
34%
130
67
63
110
90
155
144
22
*45
120
147
PAGES
Sales of
*105
57%
*25*2 27%
11334 114%
73*4
27
66
23
*25
123% 125%
50% 52*2
3234
66
59
130
69
7034
32
*69
28
63
17%
65
280
♦260
13
21%
129
*15
*35
*60
*140
130
*24
*35
70*8
*11
129
18
*69
*28
75
75
159
525
30
70*8
*105
129*2
18*4
50% 5034
75
7634
179% 184%
*
54*2
.
7
68*2
*73
*72
91
*203
*135
*150
2* 2
3%
2*2
9
*6
9
74
72*2 *70
105% *95 105*8
*53%
*105
17*2
3434
285
74
27
66
23 *2
47
123
148
143
210
150
170
97*2
*40*2 42
27*2 27*2
6734 67%
113% 114%
23
23
23%
55
*54% 65*2
27%
27*4 2734
1012
10% 10%
60
17
36
44
72%
*95
159*2 *156%
10
*58
17
36%
*6
74
*21
22*2
22%
22% 22%
47*2
4734 48*4
48*4 48%
107*2 10712 *106*2 109 *106*4 109
15934 16234 161% 162% 161*4 163%
91
9134 *90
92
90% 00*8
♦28
31
*26
30
29*2 *25
*58
17
♦2*2
3*2
9*2
*7
*72*2
*27*2 28*2
6734 6734
113% 114
*54*4
27%
10%
*25
♦
23*2
*44*2
*105
140*4 142*2
*85
88*2
72%
110
109
91
*260
74%
*99
*85
*100
127% 128%
*93*4 96*2
*105
93
9634
90
*88
*99
*85
*102
13912 143*4
*85
88*2
*58
41
*27
*67
144
43
43*.i
110
110
110
285
97
*35
*60
32%
60*2
*260
73
71
125
53
112
186
97*2 *....
*24
*35
148
90
76% 77%
184*2 185%
*61% 64%
24%
41*8
32*2
*62*4
*14*2
43
66
77%
185*4
60*2
24*2
*69
28
17*2
10734 108%
*88
*21%
24*2
*..._
75
30
63
108% 109%
♦89
*11
123*4
983s
99%
90
13
*52
96%
99*4
99%
112%
90
77
22*2
40%
99*8
35
72
100
*11
*30
97%
9934
*29
*69
*99
112
*21*2
*
12738 128*8
*93*4 96*2
42*2
28*8
68% 68%
113*2 114%
2278 23*4
54% 55
28*8 28*8
10
10%
*7
*20
48
41%
32*2
*87*2 90
116*2 11834
*102
*85
*102
142*4 144
*85
88*2
*93
_
42*4
12734 128*4
*93*4 96*2
*105
25
29*2
*14934 151*2 5151*2 151*2
117% 118
110
110
110
520
29*2
571
113% 114%
61*2 61*2
542*4 4234
97*2 97*2
*102
*85
*102
520
124*2 125*2
148
90
59*2
54
75
74
156% 157%
12*2
22*2
141*2 142*2
*126
*24
*58%
105*8
12734 129% *128 130*8
1734 18%
1734 18*4
50
5034
50*4 50*4
*17
*17*2 18
1734
34*4 34%
3434 3434
17*2
66
3*2
8*2
75
97*2
*119*8 125 *119*8 125
75
28
63
*63
75
74
158
575
97
210
150
170
*6
*70
*95
54
*73
*72
122*2 124
52*2 53
14*2
96*4
27
66
*2*2
10
70
45
*41
*30
125*2 125*2
*140
*87
*202
*135
*150
3%
30*2
*21*2
24*2
12934 12978
*175S 18%
5034 51
1734 177s
34*8 3434
*35
*60
143
*126
*24
*40
146%
142
203
150
170
7334
23*s
*44*2 46*2
122% 123*4
147
147*2
142*2 142*2
123
70
_
*119*8 125
*61*2
*1412
‘23*
23*4
46*2
77%
185*2
72*4
280
73*4
*24%
24*2
2934
*_
*11
97
*69
28
73%
72*2
*_
105%
54* 54*4
"nr, Tl%
52u2
76%
184
*60
*260
72*2
*156*4 157*2
♦490
_
*2*4
74*2
285
91
35
72
*29
*69
112%
108% 109*2
108% 109*4
Friday
July 22.
Thursday
July 21.
99%
98%
PRICES
SALE
35
73
♦29
*69
112
112
*89
66
_
23**2
122*8 122*8
146*4 146*4
36
72
99
*9934 100*8
91
77*2
184*4 18634
72*4
LOWEST
Wednesday
July 20
July 19
112*2 112*2 *110
♦89
AND
TWO
Lincoln....
....
...
...
Banks
Irving N Ex
JeffersonH..
Liberty....
340
300
150
Manhattan^
Mark’t&Ful
Mech&Met’s
Mercantile
Meroh Exch
Merchants'.
.
565
155
265
630
Metropolis 11
Metropol ’nfl
Bid
Ask
Banks
Bid
Ask
Banks
Bid
Ask
205
175
625
400
320
250
210
Mutual If
285
295
165
175
185
Nassau
240
210
105
115
230
Prod Exch Tl
Reserve
Seaboard
Second
Sherman
State 1!
12th Ward.
23d Ward..
1j
250
255
260
150
160
New Neth'd
NewYorkOo
New York.
N’ht &DayU
19th Ward.
Northern
100
170
Pacific!!.... 230
175
390
200
250
180
Park
410
People’s U__
270
Phenlx
195
625
425
335
900
320
200
250
..
6340
....
...
..
....
335
225
260
105
240
350
280
205
....
Union Exc.
Wash H’ts H
West Side 4
Vorkville 1J_
390
400
135
425
275
290
140
140
160
275
650
500
Mt Morrtslf.
200
PlazaH
560
were made on this day. tEx-rignts. 4 Less than 100 shares, estate bangs, a Ex-dividend and rights. 0 New stock.
auction this week. h First Installment paid, n Sold at private sale at this prioe« $ 2d paid. y 3d paid.
mr-m
_
_
_
,
July 23
0
TUCKS--HIGHEST
Saturday
July 16
*250
*250
9
V
593%
8%
8%
69
69%
49%
11234
*5934
50%
114*4
50%
*109
61
107
250
6
*59%
*102
♦225
*5
30
*102
*225
*5
28
23
*12
*29
39
*104
5
3078
23
2234
12%
3134
39%
108%
*12
*29%
*38%
*105
*5
31
*85
68
6
31
.
.
58%
*104
*225
*5
27
300
101
*51%
52%
*118
*116
122
120
*175
*93
50
300
101
*119
*115
121
120
132% 132%
27
94
37
*22
*.
*136
*104
*5
*30
*85
*200
*95
*50%
119
*119
92
92
2^7*4
2734
36%
37%
25
*22
July 22
....
*250
61%
4034
*28
8%
58%
*38
95
37
25
54
137
....
....
*225
*5
27
250
5%
28
22%
*12%
23
12%
22l2
1234
30
31
30
*102
*225
*5%
27%
*22%
12%
29%
3734
6
35
*30%
85%
*85
*5
69
300
101
51%
119%
120
*200
*95
51
120
*116
132% 132%
300
101
513s
120
120
132% 133
9238 923s
92
28
93%
36%
24%
*22
6
40
85%
6834 71%
10134 102
28%
28%
93%
37%
9334
39124%
,
132%
92%
28
93
67%
55%
♦102
*225
5
534
27
28
22
2234
12%
2938
38
*
18%
*71%
75
69
*71
*67
2434
33%
*24%
*3034
*67
524%
*30
*105
89
1734
107
89
15%
103
15%
*62
1534
70
33
96
*31%
*95
*62
32
*95
156% 156%
*3
4
*3%
6
*31
*95
3078
*91
*63
*-.--
*3%
*31
*95
30
91
*63
91%
65
116
20%
*87
103
71%
*4
*10
6
20
36%
70%
*155"
170
*61
*106
*3%
*31
*95
*30
§92%
*63%
*87
*7
*55
*99
15
36%
107%
72%
70%
115%
*91%
2734
93%
39%
24%
93
38
*22
125
16%
70
6
32%
100
30%
*91
*63
*....
31%
92
65
116
*87
95
*6%
*54
*99
*14
56
§56
*95
71
*4
*10
*36
100
71
*95
*70
*4
*10
5
20
37
5
15
♦70
75
69% 703s
6934 70*4
11534 116
115% 116%
4134 42%
42% 44%
59
59%
59% 59%
11934 120 *118 120
59%
64
" *155”
60%
*58
170
*....
" *155*
31
♦95
94%
*155
*3
31
100
30%
♦91
64%
*-,. 116
20% 22
*87
*...
§21
♦87
95
*54
*99
*100
*6%
8
55
60
104
♦14
60
100
71
7
20
3512
4,600
102
450
56%
*95
68%
*4
*12
32%
36%
23c
132%
14%
73%
40
62
142
4l7j| 45
58% 5934
120
120
64
42%
57%
61
61
5934
60%
*106% 125
60%
59%
60%
59%
9178
*106% 125
pref
Int Harvester stk tr ctfs
120
434
16%
10%
Do pref
100
975 International Paper
Do pref
600
1,310 Internat Steam Pump
Do
200
pref
7,250 Laclede Gas (St L) com..
300 Mackay Companies.....
Do pref
200
600 Vfational Biscuit
lN
Do pref
100
100 Nat Enamel’? & Stamp'g
Do pref
19,115 National Lead
Do pref.
640
48%
43%
80's
10034
84
73%
103%
13017
96
54
10334
8,370 dNev Cons Copper .Par $5
200 New York Air Brake..._
70C North American Co. new
1,010
adfic Telep & Teieg
100
2,496 People’s G L & C (Chic).
200 Philadelphia Co (Pittsb’h)
800 Pittsburgh Coal Co
19
73%
70
25
Pacific Mail...........
33%
90
17
70
31
Do
pref
600 Pressed Steel Car.......
Do pref
500
500 Pullman Company......
9534
157
Quicksilver Mining
33s
Do
400
8
100
31%
91
x
1,600
200
Sloss-Sheffield
Steel & Ir
Do pref
100
6834
7
20
8
J’ne 30
J’ly 6
42
80
96
84
73
101
Mch 28
J’ne 30
J’ly 6
J’ne30
J’ne 30
Feb 4
118%JTy 6
15% J’ly 15
85% Mayi3
48%
103
J’ly 22
J’ly
6
$17% J'iy
59
J’ne
63
J’iy
23
31
Union
& Paper..._
DoBag
pref.
United Dry Goods Cos..
u3
47%
95%
J 37$
81%
727g
190
j;iy
Jiy
103% j’ne
84 J’iy
14% J’ne 30
.
.
Jan 10
Jan lu
£20
Jail
8% Jan
47*'8 Jan
3
6
4
2% J’ne 27
3ig Apr 7
J’ne 3
95
___
J’ly
J’ly
83
6
55
_
100
{100
„„
Feb
"
J’iy
-
J’Jy
is
J iy
J iy
13
7
9S
Jan
5205
Feb
17% Jan
46% Jan
02% Jan
115
8
48
3
Jan
Feb
109% Feb
5% J’ly
49
Jan 7
Feb *8
Mch 21
Jan
112% Jan 3
285
Apr 27
101 Mav31
Jan lo
1287s Feb 18
124
Feb 28
1433* Feb 24
Jan
77*4 Feb
Jan
Mch
95
Mch
3478 Feb
115% Nov
101
225
Jan
J
Jan 2
Jan 19
93% Jan
$37% Feb
18% Mch
3.110
1,700
27.675
9.300
44%
5834
300
118
177S
23%
Jan
Jan
21% Feb
21c Apr
114% Feb
36c. Jan
1G038 Jan
23%
S63s
62%
3634
Jan
Jan
Feb 25
Jan lu
60
88
Jan
73% Feb
Jan
45
32% Feb
Mch
55
80
Feb
Mch 8
5
150%
Feb
62
Jan
129
109%
5%
18*4
9%
Jan
J iy
J iy
Mch
70
Jan
Jan
4
7% Jan
24S8 Jan
16
Jan
61% Jan
54% Jan
9034 Jan 17
116% Jan 10
91% Jan 5
78% Jan 10
.
115
125
Jan 6
Jan 17
28% Jan 3
96% Jan 18
89% Jan 4
110% Jan 17
$21% May 16
95%Jan' 3
378 Apr 5
578 May21
5178 Jan 3
122
69% J an
96% Jan
118% Jan
Jan 17
Jan 3
113% Jan
4
Jan
71%
102*4
Feb
61
550
5778 58%
*106% 125
1.500
\X7ells
Fargo & Co...
*
*
estern union
Teieg..
Westlngh’seEl&Mfg assen
Do 1st oref
—
4
80
8 al95
60% J’ly 6
J’ly 22
67 7g
110
May 3
72
Jan
29%
45%
101%
99%
Feb
Nov
Jan
Deb
1°
40
Feb
30% Feb
96
Feb
169 Jan
15« jan
3* Mch
321* Mch
877? Feb
Feb
-
107% Feb
$33% Oct
80% Feb
9% Feb
Jan
66
115
xl09
Oct
Sep
24% Feb
70
Mch
82
64
10
24
Feb
Feb
Mch
Feb
27
Feb
Jan
98
6712 Feb
41% Feb
107 Feb
$39% Feb
40% Feb
$5438 Dec
36% Sep
69% Sep
164% Dec
19% Dec
1 Nov
5134 Oct
Sep
Dec
37
111
63
91% Dec
37c
Oct
165%
26%
93%
Jan
J’ne
J’ne
Deo
41% Jan
95% May
94
AUg
172*4 Aug
118*4 Dec
Dec
128
9
Oct
27% Jan
19% Jan
69*4 Aug
641* NOV
91
Sep
63
113% Deo
95% Nov
77% Deo
Sep
Sep
30% Deo
99% Sep
120
130
94
AUg
113*4 AUg
6
64
97% NOV
87% J’ne
48%
64
120
103
74
Mcb
110
NOV
Oct
AUg
Deo
29% NOV
87% Deo
66
AUg
111*4 Aug
200
Aug
9% J’ly
10
May
64% Aug
109 Aug
49% Sep
110% Jiy
94% Oct
120 Sep
$49 Jaa
93%
J;iy
15% Jne
81% J na
12619 Deo
114
Deo
35% J’ne
87% Aug
5111 Dee
Sep
87
17% J’ne
39% Aug
67% Aug
123% AUg
89% Aug
047. Oct
131 Oot
$67% Nov
66% Deo
128
Jan
Feb
76%
Feb
87%
Jan
91%
Jan §670
Feb
85%
Feb
90
114
67
78% Mch 4
82% Jan 3
Feb 24
Feb
Feb
16%
67%
68
45
300
130
'
~
6
4
Jan
Jan
Apr
"80*”Feb
Jan 3
Jan 10
Jan 10
...
4734 J’ne
69% Aug
Aug
11% J’ne
59
Sep
92% AUg
105% Nov
11634 Aug
(285
Nov
105
May
66% Nov
136% Sep
131
Apr
145% Sep
104
May
40% Aug
10734 J’ne
122
12%*eb
82
Jan 17
4578 Jan 3
104% Jan 3
86% Jan 3
118% Feb 1
$40% Jan 3
95 May 13
13% Jan 10
73
4734 Mch
33% Feb
82% Jan
104 J’ne
Jan
43% Jan
46% Jan
11638 Jan
106% Jan
2734 Jan
32
Feb
Feb
Feb
16%
16078 Jan o
12573 Jan lo
49
98
60
162
Feb
29
92% Jan
...
.....
Jan
25% Men
99% Apr
14% J’ly 21
84
J’ne28
J’ly 18 145
68 J’iy 0
84% Jan 4
U S Reduction d» Refining
11 Jan 14
J’he27
4
Do pref
13
J’ly 8
29% Jan 3
United States Rubber...
62% Jan 3
32% J’iy 22
Do 1st pref........
106 J’iy 22 116% Jan 10
Do 2d pref
71
84
J’ly 21
Jan 3
United States Steel
91 Jan 3
66% J’ly 22
Do pref...........
113% J’ly 6 12538 Jan 3
dUtah Copper
Par $10 t$39% J’ne 30 $60% Jan 6
Virginia-Carolina Chern..
47 Feb 3
62% May27
Do pref
119% J’ne 29 129% Jan 4
Virginia Iron Coal 6 Coke
68
73 Jan 8
Apr 22
Vulcan Detlnnlng
16 Feb 4 §25 Jan 16
Do pref
Feb
Jan
Dec
47
__
35%
Feb
26
4834 Jan
109% Mch
£0
Feb
90%
104% Jan
18% Jan
33
Nov
Feb
118
125
39D McalS
104
Mch 7
65
Nov
38
80
993.) Mch 14
$54
Feb
12
29
Dec
Sep
51% Aug
42% Apr
20
J 'ne
18?8 Jan
2
3
3
2
06
3C0
K)
6% Feb
Feb
90% Jan
104
761* Nov
124*4 Aug
79% Nov
107% NOV
34
29% Mch l
107
J’ne
J’ne
71% Feb
44% Feb
107% Feb
42% Jau
5
*-
85 Jan
J’ne 3
30% J'ne30
5178 Jan
93% J’ne 4 107% Jan 5
155 J’ne 29 200 Jan U
61
82
Jan
71*. Feb
15
3
NOV
1678 Aug
57% NOV
96% Nov
50
Aug
103
Aug
49% Aug
98 “ Oct
15'*t NoV
86
J’ne
>250
33% Jau
95% Jan
20% Jan
Jah lo
J’ne
Jan
Jan
Jan
Highest
Jan
1234 Feb
Feb
38
Feb
65
Jan
Jan
120 Mch 9
09% Mch t
106
Apr 19
84
dTennesseeCopper Par$25 $20% J’ly 18
Texas Pacific Land Trust
Do pref.......
25
835 U S Cast I Pipe & Foundr
Do pref...........
160
100 United States Express..
200 U S Realty & Improvem’t
16%
56%
J’ly
J’no29
J’ne
.
34
S
6
s83%Feb 8
llj
J’ne30
4% J’ne29
14% J’ne 3o
9
J’ly l
47% J’ne30
27
90
63
114
116
Feb
53
Apr 6
138% J’ne 30
Railway Steel Spring..
200
J ne3(
J’ly 15
J’ne e
11% J ’ne 30
72% J’ne30
55
Apr U)
27
Feb c
25 J’ly 14
3,950 Republic Iron~&~SteeiIII
Do pref
1,365
63%
21
95
8
55
pref
30
5
23c
329
30
121
*118
64
*....
♦60
Carpet
Do
300
170 " *155* 170" *155* fro"
61
53
129
J
1,650 General Electric
6,750
Do pref stk tr ctfs
900
700 Int Mer Marine stk tr ctfs
106
107
21
29% J’no3C
I03ls J’ne30
1,500 Distillers’ Securities Corp
Federal Mining & Smelt'
2734
J’ly 13
$35% J’ly 12
Leather
(lentrai
Do pref
Crex
63
107
400
71% *___. 72
66% 69% 535,500
68% 70%
114% 115%
8.450
115% 116
107
71
5
28*2 J'ne30
84
J'neio
64% J’ly 22
100% J’ly *2
277
Apr 4
l)5l2Jan 13
47
J’ly 22
114% J’UQ 6
28
2,890 Colorado Fuel & Iron
Col & Hock Coal & Iron.
yon Comstock Tunnel.Par $2
26,650 Consolidated Gas (N Y).
3,200 Corn Products Refining._
Do pref
1,020
30%
*99% 102
*9934101%
101%
14% 14%
37*4 J’ly 22
104% J’ne 3
_
31%
30-%
J'ne30
11
25*2 J’ne30
125 Butte rick Co
30
30%
10
J’ne 28
J’ne 29
J’ly 19
Feb 3
Do pref
115
J’ne o
American Teleph & Teieg il3l
J’neso
American Tobac (new) ,pf
9l Feb 3
American Woolen
25%J’ly 5
Do pref
yu8 J’ly 5
1,065
7,100 dAnacondaCopper Par$25
L)ethlehem Steel
D
Do pref
1,200 Brooklyn Union Gas.
500 Brunswick Term & Ry Sec
135
10
6
30%
90%
63%
715
700
53
*3%
*95
31%
92
64
60%
*106% 125
*62
31
96L
156% 15619
*3
3%
*312
6
*55
*95
*69
*4
*12
36% 36%
107% 107%
75
*95
*15%
31%
27
5,375
38-%
24%
*86
15%
56
100
72
*31
86
17
70
*6%
*9934101%
2334
25%
33%
Do pref
2,550
1,310 American Ice Securities
600 American Linseed
Do pref
1,300
2,000 American Locomotive
Do pref
100
400 American Malt Corp
Do pref
400
400 Amer Smelters Sec pref B
Amer
93,520
Smelting & Refining
Do pref
2,800
American Snuff
Do pref
3.lOO Amer steel Found (new)
American
1,400
Sugar Refining
Too
93
86
*15
*62
8
60
104
18%
73
*68
240
_
'.'j
J'ns.-jo
56% J’ly 22
101
Feo 1
5
92%
2734
105% 105%
64%
22%
21%
22%
9914
89%
6%
I incest
54*4 Jan
o%Jan
Apr
J’neiL
Jan it
J’neat
J’ly 0
J’ly 6
200 American Hide & Leather
5%
15
(
J’nej
60
47
109
pref..
Express
J'ne23 >270
J’ne
38
27%
tiange lot t leitous
Year (1009)
Highest
29*4 J’ly
55% J’ly 1
pref
American
27
105% 106%
31%
96%
*3%
25
95
8
60
103
*31
32
157
4
193s
Do
100
6
31
85%
86
71
643« 68
102
100% 101
300
*200
300
101
*95
101
51
47
48%
121
117% 119
120
118
118
133
131% 132%
75
70
25%
90
*31
*95
§56
*70
120
64
*-.-•
61
59
*106
6
34%
100
31
92%
65%
*73
70
76
70
26
*84
16
16
70
*62
32
32%
95% *95
157
*155
4
*3
1834
1934
33%
*105% 107
107% 107%
42%
170
61
59
125
18%
*71
70
*25
*31
*9934101%
14% 14%
5
” ♦155*
18%
76
68%
26
31
106
.
*20%
77
*118
61%
5938
59%
4
6
*155
*3
60
98
41%
58%
59%
120
64
*31%
95%
15%
115%
1X0% lio'4
4X% 42
59%
32%
96%
96
8
59
103
101
107%
72%
68%
77
*118
*-...
16
*62
20%
*55
98
*70
*4
*10
36
vxu/% lUo
70%
16
70
91
65
116
14%
36%
31
103
30%
*99% 10034 §101
16% 16%
*56
62
*96
100
*25%
101
*87
*7
*54
*99
55%
*70%
2534
33%
10634
34%
20%
95
8
*612
55%
*99
*3
100
31
17%
*71
68
156% 156%
3412
20%
18%
76
69
107
250
*5
31
*83
•
*17%
8
3,200 American Cotton Oil....
58%
37% 38%
106% 106%
923s
Do
215
11% 11%
27% 293s
*22
*22
*
53
*....
53
*-.-.
53
138
137
*13434 137 *135% 137
134% 134% *133
10
*910
10
919
9
9
*9%
*8
9%
9%
9%
30
*27
30
♦27
30
29% 29% *28% 29% *27
*27
32
32% 32%
32% 3234
32%
31% 32%
32% 32%
30%
*104
104
104
104
*103
104L §102
105
104% 104% 104
32
32
31% 32
31% 31%
31% 32
3034 32
30%
*4
*4
61 *>
*4
*4
*4
*4
6%
6%
6%
6%
23c.
133% 134-% 132% 134% 133 134% 133% 134% 131% 13334 130
14
14
14
14
1434 1434
14% 141-»
14%
14%
1334
73
74% 74% 574% 74%
7334 74%
73% 73%
73% 7334
*53
63
*53
*53
63
63
*53
63
*53
63
*53
28% 28% *27*4 29
*2734 28% *28
2734 28%
29%
27%
*20
40
*22% 40
*2234 40
*22-34 40
*2234
*2234 40
*53
69
62
*62% 69
62% 62lo *61% 69
62% 62%
144
144
*140
142
*140
142
144
142% 142
142'% 139
93
90
94% 94%
93% 93%
93% 94
93% 94%
89%
*
120
120
120
120
120
*119
120
120
120
*119
5
5
*434
4%
5%
*434
*434
*434
5
434
434
*16
17
*16
17
*16
*16
161**
17
*16% 17
16%
11
*10
11
1034 1034 *10
10% 10%
10% 10%
1038
*48
50
49% 49%
*48
50
48% 49
48% 48%
48%
45
*43% 44% *43
§44% 44% *43
44%
43% 43%
42%
83
83
*8134
*80
80
83
*8134
*81% 83
*80% 83
99
9834
9834 99%
98% 9834
98% 100
99% 100%
98%
*84
86
86
*84
85
*84
85
84
84% 84% *84
*
*73
75
*73
75
73
73
75
73% 73% *73
103
103
102% 102% *103% 107
103% 103% 103% 103% 103
*118
12234 *118 12234 *118 12234 120 120 *118 130 *118
*15
17
*15
*15
16
16
*15
17%
17
17% *15
*80
96
*82
*80
96
96
*82
*80
96
96
*80
69
69
52
68% 68%
68%
68% 6834
68% 69%
48%
♦103
105
104
104
*104
106
104
*104
106
105% 103
*
52%
..
1249
Adams
Express
llls-Chalmers
6,275 American Can
Do pref
1,600
4,375 American Car & Foundry
8%
68
49
47%
111% 1117b
28
37%
100
...
8
6
*200
*95
49
*118
*116
9
31
Do pref
60% 255,100 Amalgamated Copper
40%
Amer Agricultural Chem*100% 102
Do pref
100
29% 30%
1,600 American Beet Sugar.___
Do pref...
*89
105
92%
36
101%
Lowest
Jndusfn::I& MisceHanccu;
58%
108
*5
*31
85
65
NEW YORK STOCK
EXCHANGE
*37
107
250
39%
39% 39%
108% *104 108% *104
36%
*28
61%
40%
....
2834
92
28
93
*8%
....
199
2
Hanoi Since Januan l
On basli of 100-s/?are ion
STOCKS
Oi
die
Week
Shares
*250
....
8%
9
....
59%
101% 10134
51%
*93
July 21
*37
107
250
6
68%
132% 132%
92
27
94
*91%
22%
12%
29%
*38%
1234
32
39
108
5
31
85%
8512
68%
66% 69
101% 101% *101% 102
*175
*95
July 20
Friday
59%
41
102
Sales
Thursday
*8%
Record—Concluded—Page
HHICES
Wednesday
*28
....
SALE
*100%
100% 100%
31
31% 31%
31%
30% 31
94
9334 *92% 9334
92% 92% *90
8%
8%
8%
8%
8%
8%
8%
69
68
68% 6878
69% *68
68%
50
50%
50% §49% 49%
49% 50%
112*4 *111% 11434 *11178 11434 *111% 11434
58
60%
59:>s 5934
5934 59%
59%
107
250
6
29
23
2978
*84*4
LOWEST
*250
9“
*812
*28
58
*37
.
41
102
33
*37
*99
*32
42
102
32
94
69
.
56%
5878
*8%
9
*8%
*28
*37
*99
32
*88
AND
Tuesday
July 19
Monday
July 18
*250
*8%
*27%
58%
JJ0W York Stock
1910.)
146
Deo
Sep
NOV
NOV
Deo
NOV
Aug
S«D
BANKS AND TRUST COMP ANIES—B ANKERS’ QUOTATIONS.
Banks
Bid
Brooklyn
Broadway
375
Brooklyn fiConey Isl’dT
....
.
1
First
omesteadli
..
.
p ^
.
110
155
....
125
415
240
Mechanics’T;
....
_
..
Manufac’rs
Mcmtauk
.
290
HlUsldcH...
Nassau
Ask
....
245
115
250"
150
270
Banks
Brooklyn
Bid
Nat City...
North Side f
290
150
158
150
People’s
...
Prosp’ctPk*!
Terminal Tj.
•
•••
Ask
Bankers' Tr
B’way Tr..
Bid
180
120
Central Tr. 100J
Columbia
270
160
90
Commercial
Com wealth
305
..
Empire
Trust Co’s
N Y City
A; tor
Trust Co’s
N Y City
Carnegie
115
150
300
Equit’ble Tr 465
350
145”
365
650
150
Farm Lo&T 1700
Fidelity ... 200
290
Fulton
....
Ask
130
1025
280
120
.
m w
Trust Co’s
Guar'ty Tr.
Bid
Ask
Trust Co’s
Bid
Ask
825
N Y Trust.
645
Hudson
170’
850
175
175
305
280
145
655
105
400
410
Guardian Tr
...
Knickerb'kr 295
Law T I&Tr
Lincoln Tr.
310
Manhattan
485
1740
210
Mercantile
mmmm
.
270
140
375
700
Metro pol't'n
Mutual....
400
740
535
130
Mut All nee
NY Life&Tr 1100
132%
1120
Savoy.—...
Standard Tr
TitleGu* Tr
Tr Co of Am
500
490
350
340
Union Trust 1350 1375
US Mtg& Tr 465
475
Unit States. 1200 1225
230
Van Norden
Washington 375
Westchester 150
130
Windsor
120
..
Trust Co’s
Brooklyn
Brooklyn Tr
Citizens’
Flat bush
Franklin
Hamilton
Home
...
Kings Co
....
People's
Queens
Ask
410
130
200
220
270
433
140
225
230
290
108
..
L Isl L & Tr
Nassau
...
Co.
wiUlamsb’e
a!!d^,fe?drPrlces: ao sales on ttus day. 4 Less than 100 shares. $ Ex-rights, b New stock 0 Ex-dlv and rights, d Now quoted
{Sale at Stock Exchange or at auction this week,
s Ex- stock dividend,
U Banks marked with a paragraph fljj) are State banks.
..
Bid
500
305
170
300
115
312
185
319
125
100
dollars pet share*
,
New York Stock
Jan. 11909, the
Exchange—Bond Record, Friday. Weekly and Yearly
prices
Exchange method ot quoting bonds
'Si
BONDS
N. Y. STOCK EXCHANGE
Week Ending July 22
t, S, »«oveminfill
U S 2s consulregistered.dl930
U S 2s consol coupon....41930 G
U S 3s registered
k'1918 o
U S 3s coupon
A1918 Q
U S 3s cou small bonds..41918 Q
U S 4s registered
1925,0
0 S 4s coupon
1925. Q
US Pan Can 10-30 yr 2s.fcl936 Q
Price
Week's
Friday
July H 2
Range or
Last bale
Jiia
!
A sic Low
I
i00
j'g-3
....
....
....
1925 J-J j 94*s Sale
Sterling loan 4s
1931 J-J t 897a 90*2
103
Bepubol Cuba 5s exten debt.. M-S
Ban Paulo (Brazil) trust 5s 1919 J-J * 96*6 97*6
U Sol Mexico s 1 g 5s ot 1899, Q-Ji t 96*8 97**
Gold 4s of 1904
1954 J-d|
96*4 96 Hi
I \T hese are pr
State and City Securities
N Y City—4^8 rects
100®s Sale
1960
98*8 Sale
4% Corporate Stock
1959 M-N
98*6 Sale
4% Corporate totock
1958 M-N
New 4H;3
1957 M-N 106j,4 sale
New 4*28
1917 M-N 103
4H»% Corporate Stock ..1957 M-N 106*4 107
1917 M-N 103
4*a% assessmt bonds
98*4 Sale
4% Corporate Stock
1957 M-N
4 Has
N Y State—Highway 4s.. 1958 M-S
So Carolina4*23 20-40
1933j J-J
Tenn new settlement 3a..1913 J-J
Virginia tuna debt 2-3s...l99i J-J
6s deterred Brown Hroa etts
96*8
9478
95
94*«
94*4
90*8
90*8
25l
106j4
!
1U2*4 Jan ’09
95=a
95 3s
907e Jan *10
40
94*4
9076
J’ne’10
45
40
Bullion,.
i laoama Cent
bee So By
xjLlabaMidl bee At Coast .Line
Albany A Susa
bee Dei A Hud
Allegbeuy Valley bee Penn RU
.bee Buu B A P
Ann Arbor 1st g 4s
41995 Q-J
Alleg A West
4tck T A S Fe—Gen g
Registered
Adjustment g48
Begistered
43.1995'A-O
1995 A-O
41995 Nov
41995 Nov
Stamped
41995 M-N
Conv 4s issue ol 1909... 1955 J-D
Conv g 4s
1955 J-D
Conv 4s (when iss)
i960 J-D
10-year conv g 6s
1917 J-D
Debentures 4s Series J. 1912 F-A
Series K
1913 F-A
East Okla Div 1st g 4s..1928 M- S
Short Dine 1st 4s g
1958 J-J
8 Fe Pres A Pli 1st g 6s.l942lM-S
Atl Knox A N bee D A N
Atlantic Coast 1st a 4s.41952 M- 8
Ala Mid 1st gu gold 6s.. 1928 M-N
Bruns & W 1st gug4s ..1938 J-J
Charles A Sav 1st g 7s.. 1936 J-J
L & N coil g 4s
01952 M-N
Sav F A W 1st gold 6s..1934 A-O
1st gold 5s
1934 A-O
SUSp Oca AG gug4s ..1918 J-J
Atlantic A Danv bee South lty|
Austin A N W Nee Sou Paciiio
T»ait A Ohio prior lg 348.1925! J- J
Registered
93*4 Sale
90*4 Bale
120
127
112
96
ill Hi
6s..1919 F-A
J -D
A-o
A-O
J-J
J -D
90
Ill
*95
41948 0-J
gold 6s... 1922 J-J
Monon Biv 1st gu g
.
94
10
92*2
96~6
90*2
J’ne’UO
Mar’10
J’ne’10
35" 89*4
95 Hi
9034
91*4 Oct ’09
90 Hi
97*4
87*4 l
112
96
112
97 *2
90
92 7b
3
9b*4
67;
96*4 J’ly ’lo
Oct’01
&y
Mar 10
96
89*8
89*8
89
93
89*8
89 Hi
by H> Apr To
*9*5*4 4"” lu3 Mar’10
112
111
May TO
10i*6
106 76 Feb’o7
102*4
112
Dec’09
110*4 112
Nuv’09
109*8
liPHi >iai’04
98
98H* Bey ’09
10u
Nov?04
22!
89*6
89*a
91
90*2
89
!
103
103
110*2113*2
..1921
1933
1933
Mil DS A West 1st g6s 1921
Ext A imp s fund g 5s 1929
Ashland Div 1st g 6s.. 1925
Clan
J2d So
6s lat ext 6s
1913
J-J
1913 M-S
Registered
1913 M-S
11578 114*4 Feb*10
109
93*5,
108
1105
I *J6
T03
105
96
J’ly’10
J’iy’08
J’ne’10
Ii0*2ll7*ali5
116*4 Apr’10
70
72
115
72
103hi
Begistered
Begistered
|
Stamped
2uprei income
2d pi ef income
3a prer
3d pre£
....
g 6s
pl945,Oet
g 6s stamped; ....
income g 5s....pl945 Oct
Income g 5s
....
stamped.1
112*2 J’neTO
112*2 113*2
104*8 104*4 104*2 404*4 10 103*4 109
108
113
Apr’06
82
86
86*4 J'ne’iu ....* 82
88
82
86
85
Apr’10....' 84
88
78
80
81
J’neTO ...J 79
84*4
78
89
79
79
Apr’10 ....*
83*4
78
81
80
J’ly'lO ,...| 75
82
78
81
81
May’10 ...J 80
81
....
1945
103*4
A-O
4s....2002 J-J
BkCity 1st cou6s.1916.1941 J.J
Bk Q Co A S con gu g 5s.1941 M-N
82
Bkiyn Uu El 1st g 4-5s.l950 F-A
Stamped guar 4-5s....l950 F-A
Kings Co El 1st g 4s....1949 F-A
Stamped guar 4s
1949 F-A
100
conv g
Nassau Elec gu g 4s ....1951
Ry A D 1st A ref g 4 Hjs ’51
Stamped guar 4*28
1951
Det United 1st con u 4*a».1932
Havana Elec consol g 5s. 1952
Inter-Met coll 4 His..
1956
Inter Rap T S-yr conv 6s. 1911
J-J
J-J
J-J
J-J
FA
A-O
M-N
45-year 5s Series A,....1952 M-N
Internac Trac coll tr 4S..J91U J-J
Manila Elec 1st A coll 5s. 1953 M-S
Conn
♦No price Friday; latest this week.
J-J
J-J
A-O
Keok A
Jhic sc xj
Jluo St D
JiliO St P
Cons 6s
Des M 1st os....1923 A-O
A N G bee Ill Cent
A Pitts bee Penn Co
M A O con 6s...1930 J -D
reduced to 3 HiS.1930 J -D
Salb
103 >4
82
103*4
83
101*2 101*2 J’ly TO
102
99 *2 Mar’09
99*4
101
100
83
84
J’ne’lt
75
76 H. 76Hi
77
102
102 *8 Mar’U
100 *4 J’neTO
100*2
80
80
bale
80
94
94
95
Apr TO
79*8
100*4
....
100
100=6 J’neTO
84 7e 84*4 Apr TO
79*6 Sale
100*4 aaie
2 102
130
81*2
*•
.
....
ColAOthAvlstgu
99*4 103
lUO Hi 103
84
85
83*4
....
5
....
....
i.
76
85*4
82
102*6 102*6
100*2 102
....
80
93
82=6
94
°
80*6 205
78
83*4
101** 11 lOU*. 104
1007& 14 100*4 1037f.
1007t 100*4
67*eMarTo
98
May’06
Flat. aDue Jan
87
d Due Apr
67*8
g
5s.1993
Dex Av A P F 1st gu g 5s 1993
Third Ave BR con gu 4s 2000
CentTr Co certt's stmpd...
Third Ave Ry 1st g 5s..1937
N Orl Rv A Dt gen 4Has ..1935
St Jos Ry LtH A P 1st g 5s ’37
st Paul City Cab con g 6s.1937
M-S
M-S
J-J
J-J
J-J
M-N
J-J
Tri-City Ry A Dt 1st s f 58.1923 A-O
Underground of Lon 5s...1920 M-N
4*28.......»... ...........1933 J-J
67*8
eDue May
Income 6s.....
—1948
Union EL (Clue) 1st g 5s..1945 A-O
United Rys St D 1st g 4s.1934 J-J
United RRs San Frsi 4s. 1927 A-O
gDue.T’ne
|1207a
Jan To ....no
3 102
102
7 120
121*4
120 7b
3 120*4
lo7
J’neTO
it
loo H; J’ly’io
May TO
lOU
....
.Ij.OO
*2
....TOO
no
103
125 Hi
125
108*2
101*4
100*4
85
85*6J’neTO
90
100*4 May’ 1U ...J 100*2
102
J’iy’10 ...J 102
7 110 78
HO** 111*2 H078 1*97s
112*2 Jan To ....'112 Hi
411
99
lOlH.
100*4 Sale 100*2
102*4 10i7b J’neTO ...J 10l7a
92
sale
92
92*4 107; 92
87
80*2 89
89 Apr TO
82
83
87
85 *8 J’neTO
.108
110 M a> ’09
82
90
90
Jan ’09
ii.:::::
1
97
97*4 97 J’ne 10
90 Hi
85
90*2 J’n©T0
113** r eO ’05
91
87
93
9l*2Mar’lo
72
72
72
71
70
72
71
7L
68*4
'
J’ly TO
86*2
07*2
86*4
114*4
112H.
i 03 H»
I017s
95*4
89
85*8
99
93
91*2
77
76
14
86*2
17
98Hi 100=»
8y*a
98*2 1UU
98*4 100*4
97*a
100*4 101H, 101 J’ly TO ,...101
bale
98
98
97*4
12| 97
100*4 Sale 100*4
100*4
1''1U0*4
8L
83
6 | 81
82*8
82 Hi
120
127*8 121 J’ly’io ,...121
108*8 111*8 108*8J’JyT0 ,...'ilOS*8
99
102*8
100
102
86*8
127
113
Mu) ’09
Mar’10
112
112
126
> 114
J’neTO
120
129*2
Too
Hi! 94
J’neTO
114
109*2
112
122
106*2
89 7g 93
101
1U4
105 H»
98 7s 1U0
b67§
91*4 Dec ’vo
Sale
99
98 78
99
104*4
108*2 Oct ’09
98*6 101*4 99*2J’neTO
97*8 99
98*4 May’10
101 *e Mar’09
96
97*4 May’lU
86*2
101*4
Oct ’09
76
99
yy
87
Dee’99
....'Too iuo*4
Apr TO ...J| 93*2 94
103
J’ne’lU ....'103
103*2
98*2
9s J4 301 98
lU0*a
103 Hi Oct 'OS
86*4 J’ly TO
SO^b 89
91*2
91*4 27 I 91*2 93*4
lo7*4Mar'lu ...J 107*4 108
98*4 Saic
"*8*6 *4 *8*9 **
....
91*4 Sale
lu5 Hi
106*2
1107 J’neTO ....I 107
110*4
lU55e 107*4 106*2 J’ly'iO
'100*6 108*4
101*2
TO 2 H.
102*2
l'T02*2 103:*8
116*4
.116*4 May'lU
|1i6** 116*4
104*8 106 |10t> J’ne’10 ....'105*4 1U6
TOO
May TO ...J'lOO
100*8
....
Nov’09
TOO
1u5 a8
::::liiu7";
io»*'
1U0‘4 100=6
Io776 AlarTO
Tou^b May’lO
ill
98
94
87*2
110
109
lo5
105
::::hio4*4
.iu5
104*8
113
MuyTo
ll 1076
110 7b
J’ne
:111 *4 Nov’oy
J’neTO
...I
:.:i|iou
I0u*2 106
1o6*b 106
107 Hi 107
Mar’10
"1U6
109*4 ill
sale
1113Hi
96*4
Sale
114*4 *1*17*4
112*4 112*4
__it
Aug’oyj *-“!
t>6*4:
98*4
87
97
Feb’io!
94
Dec’091
8 7*4!
J’ly’041
97*8 J’ly’ioi
94*2 Jan To|
71=8
Sale
99
..
...
103
r.V.i
Nov'05*’
104
May TO
......'
93
95
99
98*4
98*4
86
92
97**4
97*8
94 Hi
94Hi
94*4
94 Hi
71*8
76*4
837a
80-h
113*2114*2
104
.'108
104
110
."103*8 104
124*a 127*2 123H, J’ly’10
87
110*2 112
.
Mar’10
Feb’io
104
;;;;
.
Ill
IO8H1 1U8
9a
'Vi
E
120*2 Mar’03
io3*"
S
94*4 May’101
93*2 Aug’091r***i
7 1 *2
72
239
io*8*4 iTa“
*1*09-2
106
107
lud Hi 106*2
109 Hi 111 Hi
1110
1
95*2
87
"105
May’lO;..;
106Hi teu’io
May’ 10
110*6 109 J'iy’08
114*4
1*4*4 J’ly TO
106*8
112°4 Mar’10
117*4
142 *2 Ftb’02
117*b
123*8 Apr’09
1U0 *2
..103*2 May’09
Ill
96*4
105 *2
3!!U076 113
10!
96-2 lol
' 95*6J’iyT0
95*8 9j*s
87 v 87*4
88
2- 87
89*4
| 93*8 Apr’09
110*bMay’iO ..."110*6 111*4
Too
....
123
127*4
Dec’03
Next Page.
Street Railway
Met St Ry gen col tr g 5a.l997 F-A
Ref g 4s
2002 A-O
Bway A 7th Av lat c g 5s 1943 J-D
1047e
101*4 104
6
.
on
121
M-N
M-N
M-N
M-N
M-N
M-N
Register ed
Street
1st refund
J-J
J-J
Bur C R A N— 1st g
iUlsCiDLLANEOllsi BONDS—Continued
Railway
Brooklyn Bap Tr g 6s
A-o
M-N
M-N
M-N
2002 M N
68.1934 A-O
Registered
1934 A-O
CR1FAN Wist gu 58.1921 A-O
M A St D 1st gu g 7s.. 1927 J-J)
Choc Ok A G gen g os .01919 J - J
Consol gold os
1952 M-N
Carthage A Ad bee N Y C A H
CedBlaFAN See BO RAN
Cen Brancn Ry bee Mo Pao
Cent ot Ga RR 1st g 6s..pl945 F-A
Consol gold 5s
1945 M-N
1945 M-N
Registered
Istpret income g 6s....pl945 Oct
6s...1917
1917
1988
.1988
1934
Beluniling g 4s
Coll trust Series H 4s ..1910
J 4s
1912
M*s
1915
N 4s
1916
O 4s
1917
P4s
1918
Cliio R I A Pao RR 4s..2002
72
A-O
A-O
ArO
A-O
1911 M-N
General gold 4s
117
<4-F
M-S
F -A
M-S
1stg6s......1924 J-J
Ohio Bock Isi A Pac
12' 103 Hi 105 =b
2 100*8 101*4
10U78
100*4 M.ay’07
Oarb A Shawn bee 1U Cent
Carolina Cent bee Seab Air D
109*8
99 *8
116*4116*4
MarTO
103*2 Sale 103Hi
100*6 100*4 100 7b
Mich Div
incomes
11376 114*4
106
os
High\Ao Low High
104
1921 A-O
Begistered
Sinking iunu deb
Begistered
....
109
105
1914[J-J
1886-1926 F-A
1886-1926 F-A
1987 M-N
Debenture 5s
bee Dong I
Bruns A West Nee Ati Coast D
Buffalo N Y A Erie bee Erie
Buffalo BAP gen g 6s...1937 M-S
Consol 4HiS
1957 M-N
AUA West 1st g 4s gu..1998 A-O
01A Mah 1st gu g 5s....1943 J - J
Roch A Pitts 1st g 6S...19211 F-A
Consol 1st g 6s
1922! J-D
Buff A busq 1st ret g 48.41951 J - J
Bur CRAN
bee C R I A P
1947 J-J
Begistered
pl9s7
Sinking luud 6s...1879-1929
Registered
1879-1929
Sinking iund 5s...1879-1929
Registered..;
.1879-1929
bee N Y C A H
bee Illinois Cent
Bkiyn A Mon tank
A-O
CineANorthwcous7s....l916
Begistered
85**
Q-F
Chic A DSuDivgos
19211J * J
CJncAMoBlv Div os...1926 J-J
Chic A P W 1stgos
1921 J-J
Dak A Gt So g 6s
1916 J-J
Far A Sou assu g 6s
1924 J-J
EaCrosseAD 1st os
1919 J-J
Mineral Point Div 6s. ...1910 J-J
So Minn Div 1st 6s
1910 J - J
Wis A Minn Div g5s
1921 J-J
MU A No 1st M D 68....1910 J -D
1st consol 6s
1913 J-D
General gold 3H»s
January
M-S
4s senes A.,el989 J-J
Begistered
dl989
J
General g 3 His series B.elboO J - J
25-yr deben 4s
1934! J-J
Extension 4s
;102
q.m
1939 M-N
1992 M-S
1992 M-S
General g
997t
12
i
100*2
General gold 4Hjs
due Mil A St P term g os
97*4 100*4
89*4
90
89 Hi Sale
97
M-N
Douisv N A. A Ch 1st 63.1910 J - J
Chic Ind A Sou 50-yr 4s..1956 J-J
120
8s-tt
Q-J
j.j
j. j
1939 M-N
Betunding gold os
i 110
Salt
J-J
Potts Creek Br 1st 4s.. 1916 J-J
BAA Div 1st con g 4a..1989 J-J
2d consol g 4s
1989 J-J
Warm Spr Val 1st g 5s.. 1941 M- S
Greenbrier By latgug is ’40 M-N
Ohio A Ait BB rei g 3s...1949 A-O
90
Railway 1st lien 3*28...i960 J-J
Begistered
907e
I960 J-J
Clue Burl A (4—Denv D 4a 1922 F-A
56
Illinois Div 3*28
1949 J-J
Begistered
1949 J.J
His Div 4s
1949 J.J
Iowa Div aunt fund 6a..iyiy A-O
Sinking lund 4s
1919 A-O
Nebraska Extension 4a. 1927 M-N
Begistered
1927 M-N
80*2
Soutuwestern div 4s....1921 M-S
101
Joint bonds bee Great North
100
Debenture os
1913 M-N
95
General 4s
1958M-S
92
Hau A St Jos consol 6s.. 1911 M-S
94*4 Glue A E Ill ref A imp g 4s 1955 J - J
117
1st consol g 6s....
1934 A-O
12 2 7b
General consol 1st 6s
1937 A1-N
104*4
Begistered
1937 M-N
ChiCAlnuO By 1st 5s.l936 J-J
122*8
98 7s Chicago A Erie
bee Erie
9a h< Chic in A Douisv rei 6s...1947 J-j
103 Hi
Sep'09
98
M-N
Craig Valley 1stg 5s.... 1940 J-J
96*4 J’i*e’oy
Bait
Ohio River RR 1st g 5s. 1936
General gold 5s
1937
Pitts Oiev A Tol 1st g 6s 1922
Pitts A West 1st g 4s...1917
Stat Isl By 1st gu g 4 4s 1943
93*4
109
*98*4
M-N
M-N
J-J
J
M-S
A-O
10978
103*4
104 102 100
101*4 J’ly’io ....‘101*4
107*4 Sale 107
to? *2 20 104*4
98 7e Jan’io
9a7e
98 Hi
98H. Feb'10
92
97
97
Apr’10
97*4
92*4 92*2
92Hi 94*4
92*4
i b*7“4
109
MtwTO
109
109*2
41948 A-O
41925 Q-J
*
104
Sale
101 Hi 102
92
PJunAMDiv 1st g 3*asl925
PLEA; W VaSysret 4sl941
Southw DIV 1stg 3*aa...l925
Registered
41925
Cen Ohio R 1st og4*ss.. 1930
Cl Dor A W con 1st g os 1933
Beech Creek
Belle v A Car
74
74
J’ly'10
98*2
98*4, 119 98*8
9s
J’ne’ lo
98
89
90*2 “*3 8a
9U76 90
Jan’10 ....!| 92
92
90 *a Sale
90*2
90 Hi 17 1 89
113*a Apr ’10 ....!’113*2
90*8
D Begistered
Gold 4s
Pitts Juno 1st
74
75 Hi
98 Hi Sale
97 Hi
106
90
128
100*8
100
108
102
brnce
5 °
Sep '09;
T047e J;ne 08
U 15 Nov’05
92
Registered
Convertible 4Has (whis). 1930 F-A
mg banuy 1st 4s
1944 J-D
Coal Riv Ry 1st gu 4s ..1945 J-D
101=fe
100=8
100*2
Range or
Last bale
As/cLow
| 9o°b
Mia
1st consol g 5s
Registered
Week's'
Price
Jriaau
July 2 i
110
19 102*8 104
13
100*2
98*4
987e
J’ne’09
98*4
O
GentundingA impt5s.l929 J.J
$5 to &.
asis ot
103
102 Hi
97
94\t 90H.
937a 95 7e
88*8 92Hi
29' 101*2 104
—.11190*8 97*4
...J| 96*4 99*4
21 94*4 97*2
100*4 328 J 00*2
9S78T5l! 98*6
98*4 10 Ho *6
40 106*4
107
102*4
J’ly’io
107
2lj 106 4
9fc«%
106*4
102*4
„
7;
13
103
96*2 J’ly’io
97 Hi J’ly’io
96 *a
90Hi
ices on theb
1 L3*6
103 Hi
95 H<
95*4
-o
Cent ot Ga BB—( con)
Chatt Div purmon g 48.1951
Mac A Nor Div 1st g 6s. 1946
Mid Ga A AU Div 5a....1947
Motile Div 1st g 5s
1946
^jn BB A B ot Ga coi g os 1937
Cent ot N J gen’i gold 6s.1987
Begistered
al987
Am Dock A
imp gu 6S..1921
De A Hud R gengugos 1920
Deli A Wilks B Coal 5s..1912
Con ext guar 4H»s
vi910
N Y A Dong Br gen g 4s 1941
Cent Paciiio
bee so Pacitic Co
CentVermont 1st gu g 4s.el92U
Clias A sav bee Atl Coast Dine
Clies A Ohio gold 6a
al9ll
High
101*4
10t84
102*4
103
102*2
115*4
115*4
ll!
102
100*2
98=6
BONDS
January 1
and de/aulled bonds.
'S
N. Y. STOCK EXCHANGE
Week Ending July 22
bince
High, bo Low
96*8
are novo all—“and interest”—ezeepi /or income
Range
T’ne’10
lU034 101*6 lOi
100*4
J
100*4
100=8
100*4 J’ne’10
F 101 *4 102 1102*4 J’neTO ...J 101*4
F
J’ne’10
101*4 102
101*4
....'101*4
F
'101*4 J’ly’lQ ....' 102Hi
114*8
F, 114*8 115
114*6 J’lyTO
F
3 ll4Hi
lH3* Sale 114*4
114*4
101
Mar’09
N 106*6 101
{
series
changed, and
J
Foreign Government
Argentine—Internal 5s of 1909 M-S t UG^a Sale
Imperial Japanese Goveruurti
|
Sterling loan 4*a3
1925 F-A * 94 Hi. 95
2d
was
TiDueJ’ly
fcDue Aug
73*4
46
97
96
95
80
76*2 J’neTO
75
82*4
47*2
54
100
100
47*2 J’neTO
98*2 J’neTO
96
May’10
97
Apr’10
98H.
62 *4 Sale
106
85
*.«•••
165=8
97*2
108
96*4 97
100
83
83 s
33
35
......
80
67 *a Sale
oDae Oct
98*2 102
96
96*2
...
63
63
62*4
63*«
64
166 *a
105*2
87
Mar’ll
98
Nov’Ob
1
2
63
61
102
99
69*2
68=8
105*2 108 7a
87
87
96
99
83
86
40
107^9 Dec’09
■
_
97 ,J’neTO
98
Apr’09
83 H* J ’ly ’1 o
32
84
*a
Oct ’08
79*2 JTy’lU
67*2
67*2
p
7
32=8
Due Nov
r
*
At
J
s
31Hi
--TTT
79*a
65
83
74
Option Sale
v
July 23
N6W Xork Bond Record- Continued—Page 2
1910.|
<0
CONUS
N. Y. STOCK EXCHANGE
Week. Ending July 22
8ui
A 3 k Low
122
122
112
J-J
100
90
113
101
101
85
J-J
J-J
J-J
92
J -D
92%
94%
92%
104%
C I St LA C eousol 6s..1920,M-N
1st gold 4s........ ,...fcl936;Q-F
......
117
Income4s
1990 Apr
Clev A Marietta tiee Penn Bit
Clev So Pitts See Penn Co
Col Midland 1st g 4s
1947 J - J
Colorado* Sou 1stg4s...1929! F-A
Belund So ext 4%s
1935 M-N
Ft W So Den C 1st g 6s..1921 J -D
Col uni So Green v See So By
Co; So HoeK Val See Hock Val
Col A Tol
See Hock Vai
Col Conn So Term tiee N A VV
Com! A Pas Bivs 1st g 48.1943 A-O
Cuba Hit 1st 50-yr 5 g....l952 J-J
I lak A Gl So
see C M So St P
1 Dallas So Waco See MEAT
Del Hack A WesternMorris A Essex 1st 7s...1914 M-N
lstoonsol guar 7s
1915 J-D
Begistered
1915 J-D
1st ref gu g.3 %s
2000 J-D
NY Lack AW 1st 6s...1921 J-J
Construction 6s.
1923 F-A
Term A improve 4s
1923 M-N
Warren 1st ref gu g 3 %s.2000 F-A
Dei A Hud 1st Pa Div 7s.l917jM-S
Registered
19171 .M-S
10-yrconv deb 4s
1916; J-D
1st lieu equip ir 4 %s
1922] J-J
1st A ref 4s
1943 Nl-N
A.lb A Sue oonv 3 %s
.1946 A-0
Bens A Saratoga 1st 7s.1921 M-N
Del Biv Hit Bridge See Pa Hit
Denv A B Gr 1st con g 48.1936 J-J
Consol gold 4 **28
..1936 J-J
Improvement gold 5s...1928 J-l)
1st A reluuding 5s
1955 F-A
Bio Gr J uno 1st gu g 6s. 1939 J -D
Rio gr So 1st gold 4s....1940 J-J
Guaranteed
1940 J-J
Rio Gr West 1st g 4s
1939 J-J
Mge and col trust 4sA.1949 A-0
Utah Cent istgug 4s al917 A-0
DesMoiAFtD Nee M A St .l.
Des Moi Un By 1st g 5s..1917 A1-N
Det A Mack 1st lien g 4s. 1995 J-D
Gold 4s
1995 J-D
Det So—O S Div 1st g 48.1941 M-S
Dai A iron Range 1st 6s.. 1937 A-O
Begistered
123
93
53
54%
1996 J-J
4al996 J-J
Registered
1996 J-J
Penn coll tr g 4s
1951 F-A
1953 A-0
50-year oonv 4* A
do
Senes B.1953 A-0
Bull N Y A Erie 1st 7s..1916 J-D
Ohio A Ene 1st gold 5s.. 1982 M-N
Clev A Mahon Vai g 6s.l938 J-J
Long Dock consol g 6S..1935 A-O
Coal A HH 1st cur gu 6s.l922 M-N
Dock A Imp 1st our 6s..1913 J-J
N Y A Green L gu g 5s.l946 M-N
N Y Sus A W 1st rel 6a.l937 J-J
2d gold 4*u8
1937 F-A
General gold 5s
1940 F-A
TerminaTlstgold 6s...1943 M-N
Regis $5,000 each...1943 M-N
J istg68.1910 A-0
Wilk A EaIstgug68.1942 J-D
ciS
127
il2*4 ii4%
108% 112
88
93 %
101
108
87
105
107
87*4
90% 96%
....
90
94%
....
91%
95%
90
90
....
105% 105%
....
97
98
....
....
98%
J
65
94%
95%
96
89
64
2
54
94%
Registered
Reduced to gold 4 *381933
6
1
31
111% J’ne’10
94%
67
65
81%
94*4 97 %
95% 99
111% 114
E Minn Nor Divlst g 4sl948
Minn Union 1st g 6s..1922
Mont C 1st gu g 6s. ...1937
Registered.
*
No prioe
Friday; latest
J
1937 J
B AH<4A 11
Han
A St JoSeeSeeN CYN
ousatomc
Hock Vai lstoonsol g 4 *38.1999
Begistered.
1999,
Coi A H V 1st ext g 4s..1948iA
Col A Tol 1st ex 4s
1955JF
Houst E A W Tex See So Pac
Honst A Tex Cen See So Pac Co
**
Week*
Price
hiri.dav
Bid
lu5
Ask Low
114
109
98
115
100
J’ne’08
105
86
Mar’98
85
**100
97
J’ly’09
95*u Sale
95*3
May TO
110%
109% J’ne’lG
111% 112% 112 J’ne’10
127
J lie’Uo
85%
94
115 " 121)% 116
Sep’03
Aid
107
,98
108
99
116
114
97
Sal*
120
107%
100
91
96
16 113
1
iu71«
J’ne’10
98
192 % b oh’03
I20 ~ Mar TO
149
a.ug’01
97
97%
101
J’ly’iu
.
)Ui
sale
83*3
*82%
90**.
74
106%
......
120%
1951
Registered
1951
1952
1952
1955 M
1st ref 4s
L N O A Tex gold 4s ...1963M
Registered
1953 M
Cairo Bridge gold 4s
1960 J
liOUisvDivATermg3
lou
100
Ai
90%
Feb’08
Dec’03
Mar’os
90 %
90 %
84
J’ne’io
::::i
Jau’uii
...j
1
2
i
105
94%
*
1)0
83
94%
84;i4
...
!
95
*97*%
88
01
72
74
111
1U6
101
Mai’10
90
96
95**
95*3
102 **
87
86
95*2
7
987g J’ne’10
124*4 125*2 125*2 J’ly’10
132
Apr’09
104%
103% 104% 1033*
lu8a4 J’ne’09
100**
100% J’ne’10
94
98
98
Apr’10
22
100
94%
94%
97%
96%
98% 100
125 % 128«4
jl03% 107%
100% 101%
9a
100%
100 ** Oct ’06
9934 Jan’lo
114*2 Feb’10
112=8 ....
124
125 >2 129
Feb’10
186** May’OO
96
99%
i...
110
Salto
110
1113*114*2 116
90
100
89
95
102
104
113
129
99%
114
129
1 110
Apr’10
100
93
94
110
J’ne’09
101
100*2 Sep ’08
95 *3 May’10
99*4 *eO’U9
Salto
113%
87%
18
J’ne’10
*3
94%
99% 104
95
95*s
104
1053*
91
92
J’ne’iO
90
92
98*3
94
Sep’09
93*3May’09
J ’ly ’09
80
99% J’ly TO
99
100%
1951
*28.1963 J
Spring Div 1st g 3*38...19511 J'
Western Lines 1st g 4s..1951 F
92%
103% 104%
....
60P ’04
95
Apr TO
89
J’iy TO
74
l'CD’iU
106
J’iy To
106 % Mar'ua
1951
Registered
Extended 1st g 3 *38
1st gold 3s sterling
CoU Trust gold 4s
97%
10 2
....
91
1st gold 3*as
No\\Low Hiatt.
107% Ap: ’u7
1UU% 103
90% 100%
42
9i
97%
123*4 130%
97
0
1 10
92
'
Central 1st g 4s..1951
illinois
Begistered
1961
Middle Divreg5s
1921 F
Omaha Div 1st g 3s
1961 F
St Louis DivAterm g3s. 1961 J
Registered
1961 J
Gold 3*38
1951 J
Registered
1961 «*
3
Mar’10
78
85
97
94
90
120
....
98
79
117
107% 110%
97% 101
...
93% J’ly’io
104 %
loo
90%
100
109% 111%
112
114%
....
99% 102
97% Sale
9734
98
91 % Sale
91%
92
122
124% 123% J’ne’10
93%
100
....
Since
Dec’09
95
-
Ibo
High
Range
January 1
Oct ’09
101*3 J’ne’10
114
Apr’05
89
95
Si
Range or
Last Sale
July 22
Beilev So Car 1st 6s
1923'J
Garb A Shaw 1st g 4s...1932 M
Clue St L A N O g 6s...1951 ‘
Registered
1951
Gold 3 *38
1951
Mernph Div 1st g4s...l951
St L Sou 1st gu g 4s....1931
Ind Bi A West see CC C A St L
ind Ill A la 1st g 4s
1950
lnt A Great Nor Istg 6s..1919
2d gold 5s
1909
Trustco certfs....
3d gold 4s
1921
Iowa Central 1st gold 6s.. 1938
Gold 4s
1951
99
97%
96a*
98
J’ne’09
96%
97*4
97% J’ly TO
...
Vl\
90
10 i
33
99%
% 100%
9634
97
97
May’o?
100
Apr’09
8 7 % May To
87%
88*2
.May’99
Mar To
77%
77%
88%
89
95
98
123
77
79*4 Dec’08
90
....
89
93
117
116
Feb’iu
101 % Oct ’99
100
Nov’UO
95
J’ly TO
117 *3 May’10
99
i’eo’lO
116*3
114% May TO
110
118
117% 117 *3
99
99
114%119
Mar TO
Oct ’09
97 *3 Mar To
118
118
90
98
90
95
95
May’10
108*2 108*2 J’ly TO
iiu
May TO
90
110
19*8
103
97%
97%
95
98
j’ly’08
108% 110%
106%112
J’iy To
19% J’ne’lo
110
10t>34 li‘2%
19% 35
*0
J.04
104*2 104
70
76*3MayT0
102
100a4
74
77 %
71%
74
Kai AA AMxch
G R See
SeeToi
L. SAAOMC S
an
106*3 108>* 106*a
107*3 110
106*3 10734
iy6%
Dec ’09
113
119*3l23»a 118*4 Miay’lO
99 *s
103
105
.
118*4 122*3
J’ne’lU
100
100
l06‘*4 1067s
106% Mar’10
Aiai’10
103
102
106*4 Jan’10
99% Feb’10
120% 124 Aug’09
81
81*« 80%
61
81
Nov’09
68% 70
69*3
69%
103*3
103
106*4 106*4
99% 99%
99
85
66
70
Sale
Sale
86 s,
85
66
61
100
14
80%
87*3
68**3 *76%
Feb’07
85
1
20
61
67
61*3
61*4 Sale
109
1150s 113% Mar’10
111*8 1127s m% ill *8
111*4
121 Dec *08
127 Mar’lu
109*8 114 Apr‘10
100
103% Oct ’09
98
105
103*a Jan'10
98
99
100*3 99
100*4 Deo'03
..
*-
83*3
86a4
66
60
63
73*a
113% 113 7e
2|H10
U5
1126
127
(114
114
....
...
82
105
89
.Jll03% 103*3
2 | 99
104*2
! 89
89
J’ne’10
103 *3 May’10
100*4 Mar’io
101*3 Mar’io.
.
99
98
108*3 166*3
100*4 101*8
101*3 101*3
K C Ft S A M See St L A S F
K C A M R A B See St L A S F
Kan C A Pacilio See M K A T
Kan City Sou 1st gold 3s..i960
Registered
1950
Ref A impt 5s Apr 1950
Sale
72
72
63
99% 190
99%
72
Oct ’00
100
99% 103
Kentucay Cent
see LAN
Keok A Des Mo see C H IAP
Knoxville A Ohio See So Ry
109
110% J’ly’io
106=8 106*3Mur’10
Lake
Erie 5s
A Wistg5s..1937
2d gold
1941
North Ohio 1st gu g os.. 1945
L Sho A Mich S See N Y Cent
Leh Vai N Y 1st gu g 4 *38.1940 J
Registered
1940 *
Lehigh Vai (Pa) cons g4s.2003
Leh V Ter Ry 1st gu g 68.1941
Begistered
1941
Leh V Coal Co 1st gu g os. 1933
Leh AN Y 1st guar g 4s..1945
Begistered
1945
El C A N 1st pf 6s
1914
Gold guar 5s...
1914
Leh A Hud B see Cent of N J
Leh A Wilkes b See Cent of N J
Leroy A Caney Vai See Mo P
Bong Dock see Erie
Long Isl’d—1st con g 5s.ai931
lstconsoi gold 4s
General gold 4s
Ferry gold 4 *38
Gold 4s
Unified
gold 4s
Debenture gold 5s
on
A1931
1938
1922
1932
1949
Mar To
105% J’ne’10
105% 108%
109
105*2
110% 112%
106% 107%
108% 112
i05 *3 107
Aug’O
97 *3 Apr’io
J’ne’iO
114
L 13a4 109 *3 Oct ’99
108
Nov’U9
107*3-.......
96a*
113%
96*3
90
96%
114
9334 Mar TO
97%
116%
95
93%
102** .
100*3.
101*3 Feb TO
101*4 Sep ’09
10i% 101%
110
112
Feb’lO
112
96
May TO
Feb To
OCt’06
Mar’10
Dec'08
96
97a4
100% 1U0*4
112
100a*
loo
100%
93
99*4
95*3 93%
104*3
96
90
1934
95
93%
Next Page.
Goa and Electrie Light
J.D
M-N
A-O
J* J
J-J
F-A
M-8
J-D
F-A
Wl-N
A-O
Kings Co Ei L A P g 5s...1937 A-O
Purohase money 6a......i997 A-O
Ed Ei H Bku 1st con g 4s 1939 J-J
Lac Gas LotSt L 1st g 5a.el9l9
y-F
Rel and ext 1st g 6s
1934 AO
Milwaukee Gas L 1st 4s.. 1927 M-N
Newark Con Gas g 5s.... 1948 J-D
blWllsl
J
1st guar gohi os
1937
Will A S F 1st gold 5s 1938
Greenbrier By See Ches A O
Gulf Asllstref Atg5s 51952 J-J
IU18UKLLANEOU8 BONDS—Continued
bus and Electric Light
Atlanta G L Co Istg os...1947
Bklyu U Gas 1st con g os.1945
Butlalo Gas 1st g 5s
1947
Columbus Gas 1st g 5s....1932
Detroit City was g 5s
1925
Det Gas Co con 1st g 5s.. 191b
Eq G LN Y 1st con g
Gas A Eleo Berg Co c g 58.1949
Gr Bap G L Co 1st g 6S...1916
Hudson Co Gas 1st g 5s^.l949
Kan City (Mo) Gas 1st g 6s 1922
1933
1933'J
Registered
Dakota ext gold 6s....1910 M
Mont ext 1st gold 4s..1937 *
1937
Begistered
’ly ’08
65
Ev A Ind 1st con gu g 6s..1926 J
Erie A Pitts See Penn Co
Evans A T H 1st cons 6s. 19211J
1st general gold 6s
1942 A
Mt Vernon 1st gold 6s..1923 A
Sull Co Branch 1st g 5s. 1930! A
L'argo A So See Ch M A St P
4 lint A Pere M See Pere Mar
Fla C A Penm See Sea Air Line
Fort St U D Co 1st g 4*38.1941
Ft W A Bio Gr 1st g 4s... 1928
t i ai Har ASA
See So Pac Co
UalHAHof 18821st 58.1913 A-0
Georgia A Ala See Sea A Line
Ga Car A Nor
See Sea A Line
Georgia Pacific See So By
Gila VGA Nor See So Pac Co
Gouv A Oswegat See N Y Cent
Grand Bap A Ind See Penn BB
Gray’s Pt Term See St L S W
Gt Nor—CBAQCoU tr4s 1921
Begistered. ti
1921
St Paul M A Man 4s....1933
1st consol gold 6s
1933
98
Nov’09
64
68
95
Ill
Elgin Joi A East 1st
Begistered
3
Dec’09
May TO
125
95% Sale
2d 6s
1916 J-J
Dui Short Line See Nor Pac
Dul So Shore A At! g 6s.. 1937 J-J
L'astol Minn NeeStPMAM
Xbaat Ten Va A Ga See So Ry
1st consol gen lien g
N. Y. STOCK EXCHANGE
Wbkk Ending July 22
109*4 Dec’09
1937 A-O
g 6s. 1941 M-N
Elm Cor t A N o See Leh A N Y
Erie 1st consol gold 7s....1920 M-S
NY A Erie 1st ext g 4s 1947 M-N
2d ext gold 6s
1919 M-S
3d ext gold 4 *as
1923 M-S
4th ext gold 6s
1920 A-O
5th ext gold 4s
1928 J-D
NYLEAW Istg fd 78.1920 M-S
Erie 1st con g 4s prior..1996 J-J
....
J’ne’10
Feb’10
109% sep ’09
89
65
94
....
oc: ’07
94
ind Bl A Wist prof 4s. 1940! A-0
O Ind A W 1st pf 5s...tfl938 Q-J
PeoA East 1st con 4s...1940 A-0
....
97
98
1934! J-J
Begistered
Since
Oct ’00
106*4 Feb’10
......
94
1U3
107
fcl930i Q-F
Cm S A Cl con 1st g 5s. .1928 J-J
O C O A 1 consol 7s
1914! J-D
Consol sink fund 7s
1914' J -D
General consol gold 6s. 19341 J-J
1
....
May’10
91
96
90
100%
92%
*
....
92%
92%
94% Aug’09
90
J’ly TO
91% J’ne’10
88%
12-2
123
87*4 Jan’10
107
Mar’10
107% Deo’02
107
BONUS
January 1
J’ly TO
129% May’U9
112% J’ly 10
108% 108%
88 J’iy’10
111%111
89%
si
or
Range
High No Low High
123
108
M-N
M-N
J-J
J-J
M-N
Registered
1990 M-N
spr <6 Col Div 1st g 4a..1940 M S
W W Val Div 1st g 4s... 1940 J-J
Registered
Range
•e
Last Sale
July 22
Chio St P M A O—(Con)
Ch StP A Minn Istg 6s 1913.M-N
Nor Wisconsin 1st 6s...1030 J - J
St P A S City 1st g 6s...19101A-0
Chic A West Ind gen g 6s 91982! Q-M
Consol 60-year 4s
195*2. J. J
Clue A W Mich see Pere Marq
Choc O A Gulf See C K I A P
Oln HAD 2(1 gold 4*38...1937
Cin D & 1 1st gu g 6s...1941
O Find A Ft W 1st gu 4s sr.’23
Cin 1 A W 1st gu g 4s.1958
Ind Deo A W 1st g 6s...1935
1st guar gold 5s
1985
0 I St L A C tie* O C C A St L
ClnSAO tie* C C C St L
Clearfield A Mali See B H A P
Clev Cm C A St L gen g 4s 1993
Cairo Div 1st gold 4s.... 1939
Cin WA M Div 1st g48.1991
St L Div 1st col tr g 4s.. 1990
Weeks
Price
Friday
Ik
201
NYGELHAPg 5S...1948
105% 107%
64
67
106% 106%
60
63
106%
66% J’ne’10
101
100% 100% 101 Apr’10
100%
96% Sep ’08
tOl% 105*2
101% J’ne’10
98
101
101%
97
100
61 *3 Oct ’01
100
Oct ’09
102% J’nelO
97
Mar’ll/
100
112
Refunding gold 5s
...
J’iy TO
112
Sam
90
101
99
102
101% J’ue’lo
100% 99%
99%
90% 91 Apr’10
112
Mar TO
90
101 %
102% 103%
97
97
100
101
110% 115
87% 90
100%103
99% 101
91
92%
108%
bid and asked this week,
a
J-D
Purchase money g 4s...1949 F-A
Ed El Ill 1st cons g as..1995 J-J
N YAQE1 LAP 1st con g 5sl93U F-A
N Y A Rich Gas 1st g 6s. 1921 M-N
Paoifio G A Eleo Co Cal G A E
corp unifying A ref os 1937 M-N
Peo Gas A U 1st con g 6s. 1943 A-0
Due Jan
5 Due Feb
1947
M-S
ChG-LACkelstgugSs 1937
J-J
Con G Co of Ch Istgug 5s.’36
Ind Nat Gas A OR 30-yr 5s ’36
Mu Fuel Gas Istgug 5s. 1947
Philadelphia Co conv 5s ..1919
Syracuse Lighting 1st g 5s.’51
Trenton G A El 1st g 6s..1949
Umon Eleo L A P 1st g 6s. 1932
Westchester Light'g g 5s.l95o
d Due Apr
e
Due May
100
80%
02
115
100
103
J-D
M-N
100
83
110
82*4 J’ly TO
no
J’iy’10
100*4 Mar’10
97% J’ly ’09
92%
A Due J’ly
92
91
.
101
98
101
98
Mai’10
101% 102% Apr’10
100
Mar TO
110 May’05
96
Jan ’08
102% 100 J’ne’lo
fcDueAug
q
Due Deo
s
23 100
82
no
103%
87
111%
100% 101%
10
118% Mar’10
102% 102 % May’l)
104% 103% T’ne’U
101 %May’lo
.103
90
94% Aug’09
116
M-N
F-A
J-D
M-S
M-S
J-D
100%
Sale
91
118
92
119
102% 104
102% 104*4
100% 102 •
«*••••
••••••
101
101
102 '105
100
100
100
100
Option Sale
New York Bond
202
Eecord—Continued—Page
IVoiu
3
TO
to
BONDS
V
N. Y. STOCK EXCHANGE
Wkkk Ending July 22
Long Island—(Con)
C
St
July
....1949 M-S
Guar ret gold 4s
M-S
J. M-S
IY1
1st 5s
1911
N IBdfeM B 1st con g 5s 193 5 A -O
KY&KB 1st g 5s
1927 M-S
Nor SliB 1st con g gu5s ol932 Q-J
Louisiana & Ark 1st g 6s.1927 M-S
Louisv do Nasliv gen g 6s. 1930 J-D
Gold 5s
1937 M-N
Unified gold 4s
1940 J-J
.Registered
1940 J-J
Sink hind gold 6s
1910 A-0
Coll trust gold 5s
1931 M-N
E H & Nash 1st g 6s....1919 J-D
LCin <fc Lex gold 4 Has. ..1931 M-N
N O & M 1st gold 6s....1930 J-J
NOAM 2d gold 6s
1930 J-J
Pensacola Div gold 6s...1920 M-S
St L Div 1st gold 6s
1921 M-S
2d gold 3b
19S0 M-S
Atl Knox & Cm div 4s..1955 M-N
Ati Knox A Nor 1st g5sl946 J-D
Hender Edge 1stsIg6s. 1931 M-S
Kentucky Cent gold 4s.. 1987 J-J
LAN & M & M 1st g 4 Vs1945 M-S
LA N-South M Joint 4s. 1952 J-J
N Fla & S 1st gu g 5s. ..1937 F-A
NAC Bdge gen gu g 4 Vs 1945 J-J
Pens A Atl 1st gu g 6s..1921 F-A
SAN Ala con gu g os.. 1930 F-A
LA Jell Bdge Co gug 4 s.. 1045 M-S
LNAACh SeeC 1 A L
Bklyn A Mont 1st
ll/I ahon Coal
Price
Friday
Bid
95
A 8k
97
6s..1911
g
See L S A M S
ITAanhattan By consol 4s.1990 A-0
Registered
1990 A-0
A-0
Stinpd tax exempt..1990
MoK’pt A B V See N Y Cent
Mex Cent cons g 4s
1911 J-J
1st cons inog 3s
al939 J’ly
2d cons mo g 3s trust rects..
Mex Internal 1st con g 4s. 1977
Stamped guaranteed
Mex North 1st gold 6s
M-S
1977 M-S
1910 J -D
al917
1920
1945
1938
Registered
gold 5s
40-year gold loan 4s
8d 7s extd at 4%
1st A ref conv 5s full pcu 1959
Cent Br Ry 1st gu g 48.1919
CenBranch U P 1stg4s. 1948
M- S
F-A
M-S
M-N
M S
F -A
a; so January
1
J’ly’io
95
10IV Dec'08
110*4 Nov’06
102 *4
lOO^s
100*4
96
113
112
97 >4 Sale
105
109
97
Apr’07
113
J’ly’10
114
Apr’io
....
97*4
112*4* ilGV
*
«4 114
114
30 9634 „100V
97*5
May’09
100
100
Dec’09
107 ‘J’ly’io
112
112
110V 112
106
102
103
Apr’10
Mar’10
119
124 7e 124
.Jau ’09
11714
120
105 *4 110
107V Mar’10
113
114
J’ne’10
75
68
May’09
71
91
91
923* 91
116
J’ly 06
Jau ’09
104 V
110
107
114
111*4 112
106
125*4
i03
124
....
5
98*4 97
J’ly’10
105 V 104
May’10
90 V
90
9034
joy
J’ne’10
110*5
947e
96*2
94 V
98*5 Sale
937g
97 V Sale
82 *a Sale
101
Sale
81V
Sale
85
85
97*a
82*4
101
82
85
88
102
92 V
92
L10V 110 V
110
114
fc8 V 89V
10
93V
98*4
4
94
V
99 7e
98*5
5
9634
27V
98V
31V
....
75
77
....
100
100
Apr'09
Mar’10
Feb’08
Ms
99 V
loo
131
100v101
103
””
75
87
109
81V
01a4
93
100
98 V 98 V
....
16
96 V 100
3
82*5
82
87 34
lOi *4
4 101
105
J’ne’io
81V 80*4
**2 83 V 9034
86
J’ne’10
ibo
105
Apr’10
90
106
.103
93 V
113
* 08 J4
ioiv!'100
lOUVIOi
131
....
977s
108V 10834
loov
97 V
105 V
92
111
’*3
107V
100*8 105 V
ibs
”*3
108 V Hi
3 100
99 V
100
100
Mar’10
J’ly’io
ibsv
78
102V
99V
102V
77 *4 81V
77v J’ly’io
96a4 Nov’09
92 V Sale
96~
92*5
93*5 *35 *90
88V 93V 92 J’ly’iu
91V 95
80
86
87 V
84V 87 *5 May’10
77 V
J-D
110
Mar’05
LeroyACYALlstgSs 1920 J-J
99
99
May’10
98
Pao R of Mo 1st ex g 4s. 1938 F-A
ibov
111
113
113
Feb’iO
113
2d extended gold os...1938 J-J
To
106
110
10634
107
1067*
107
StLIrMASgencong5sl931 A-0
111
Sep’09
Gen con stamp gtdg 5s 1931 A-0
84 *s
3
82
86
84*s
Unified A ref gold 4s.. 1929 J-J
81*8 Sale
sale
83
83
83V 24 83
RlV A G Div 1st g 4s..1933 M-N
87V
102 V 102 V
Verdi V l A W 1st g 6s.1926 M-S
102*5 Jan’10
98
Dec’08
MobJ A K Cist cons g68.1953 J-J
117
Mob A Ohio new gold 6S..1927 J -D 115
117*4 May’10
117*4 121V
110
114V 117*i Mar’10
1st extension gold 6s..A1927 Q-J
117V117V
•
•••
• •••
General
1938 M-S
gold 4s
MontgomJDiv 1st
g 6s..1947
St L A Cairo coil g 4s..el930
Guaranteed g 4s
1931
MAO coil 4s See Southern
Mohawk A Mai BeeH Y C A B
Monongahela Riv
Mont Cent
F-A
Q-F
J-J
86
103
87
109
96
87
108*«
75
96
May’10
87
90
108 V 108 V
Mar’10
May’08
Jne’10
•
05
•••
06
See B A O
See St P M A M
g
68.. 1923 J-J
J-J
J-J
Registered
RWAOTRlstgug
68.1918
Rutland 1st
con
Rut-Canad
A-O
J-J
A-O
J-J
1997 J-J
Coni nu<l Iron
Bufi A Susq Iron s f 5s....l932 J-D
Debenture 5s
a 1926 M-S
Ooi a Co L Co gen s i g 5s.. 1043 F-A
-
Valron CoalAColst g
6s.1949
*107*4107s4 107*a
2 107 V110V
2 108 V110 V
107*5
109*4 108*s 108*s
116*5116*s May’07
109
109
..
1
....
113
..
"
- —
•■••••••••••
J’ly’04
03 V
93*4 93*5
89°8 90*8 89 V
97
J-J
J-J
A-0
J-D
105
84*5
M-N
J-J
1997 J-D
1928 M-9
1931 M-N
Ka A AG Rletguo6s.l938 J-J
Mahon C*1 RR 1st 5s..1934 J-J
Pitts A L Erie 2u g 59.al028i A-0
PittsMcKA Y 1st gu 68.1932 J-J
2d guar 6s
1934 J-J
McKees A B V 1st g 6s 1918 J-J
Mich Cent 5a
1931 M- S
Registered
1931 Q-Mj
48
1940 J-J I
Registered
1940 J-J
J L A S 1st g 3*58
1951 M-S
1st g 3*58
1952 M-N
20-year deb 4s
1929 A-0
Bat C A Stur 1st gug 38.1989; - D
J
N Y Chic A St L 1st g4s 1937! A-O
Registered
19371 A-O
Debentures 4s
1931'M-N
West Shore 1st 4s gu...2361 J-J
Registered
2361 J-J
N Y A Greenw Lake See Ene
N Y A Hot See FI Y C A Hud
N Y Lack AW See D L A W
N Y L E A W See Erie
N Y A Long Br See Cent of N J
N Y N H A H—Conv 6s..1948 J-J
Conv deben 3*58
1966 J-J
Housatomo R con g 5s..l937|M-N
N H A Derby con cy 53.1918 M-N
NYA North See N Y C A H
N YO A W ref lstg 4B..pl992|M-S
Regis $5,000 only
M-N
M-N
F-A
A-0
A-O
10-25 year conv 4s.... 1932 J-D
Pocoh C A C Joint 48..1941 J-D
COAT 1st gu g 5s
1922 J-J
Scio V A N E 1st gu g 4a 1989 M-N
North Illinois See Chi A N W|
North Ohio See L Erie A W
|
Nor Pao—Prior lien g 4s..1997 Q J
1997. Q- J
General lien
Registered
gold3a....a2047 Q-F
o2047 Q-F
St Paul-Dal Div g 4s....1996 J-D
Dul Short L 1st gu 5s.. 1916 M-8
C B A (J coil tr 4s See Gt N or j
St P A N P gen g 6S....1923 F-A
90
• •••
82*" 83*8
87 “a Sale
*u 7
927e Sale
81*a Sale
79*a
22
5
•
•••
03V 95V
88V 92 V
101V 102 V
62
85
87V
87
93
92*5
8034
79
50
101
9
26
!....
.
87V 92
86V 90V
02
06V
70V 82V
78V 80 V
F-A
F-A
F-A
A-0
J-D
J-J
J-J
J-J
J-J
A-0
J-J
J-D
F-A
J-J
M-S
90
07 V
100
77
9o‘* ibo*
99 V
81
101
102 V
102 V
194
84 V
96V J’ne’10
76
J’ly'10
107 V -Dee’04
102 V Apr'06
107 May’97
....
106
88
06
96
93
75
98
96V
82 V
105 V Deo’06
83
J’i
73
102
J’l
*83” ”83”
Feb’07
J’ly’lo
102
104 V
103 V 107
104
107
Jan ’09
Jan'lu
iob
....
102V
95 V
99 V Nov’09
94
Deo’09
97 V J’ly’io
104
110
100
87
86
....
St Paul A Dul 1st 5s....1931 F-A
2d 6s
1917 A-O
1st consol gold 4s
1968 J -D
Wash Cent 1st g 4s
1948 Q-M
Nor Pao Ter Co 1st g 6a..1933 J-J
Nor Ry Cal See So Pao
Nor Wia See C St P M A O
Nor A Mont See N Y Cent
e
100
Due May
98 V
99’»
03*5
93*5
.11 9 6 34
98*5
98 7a J’ne’10
105
Oct ’02
93 V 93 *u May’10
108
Oct ’09
91
"95**4
98*a
9634 J’ly’1C
1
131*5 Jau ’09
107
1<>75* 107
105 *5 105
110
J’ly’10 ....107
Jan’08
J’ue’10 !.*!! li"oT* iu4*
104
102
102 *« Feb'10 ....' 10l7& 102 *»
86 *5 May’10 ....‘I 86 *2 01*4
92
J 'iie’09
J’ne’09
115
Feb’08
125
100
102
Apr’io ....''loo 102
90 *5
00
91
J’ly’10
02*a
88
88
92
88*5 88*5 J’ly’10
25
92 *5 Sale
92 *5
93
92*« 95 34
27
92
05 34
92*5 02V 92*5
9234
103
111*4
107
109
100
100
122
120
107
Oct
’07
Dec ’09
130*5 Jun ’09
109*4
115
119
09
98
108 *g
98*8
87*5
89*5
90
87*5
Oct ’09
J ’ ne’OO
90
Jau ’lu
Dec’09
J’ue 08
87
Apr’JO
90*5 J’ue’10
99
99
J’ly’10
100
Dec’ooj
J’ne’10
90
99 76
i 00 *5
90
99
7b 101*5
9734 sals
97-V
07=4
131*5 13134 I31*s
97
112
97 *s
9734
116
Jan’lu
107
Aug’uU
97
95
J’ly’10
101 *s J’ne’06
126
|12334 J’ly’10
101*4
101
100*4
12334
122*5 126*5 126
120
123
98*4 Sale
98*4
97
02
90*4 Sale
88
9134
91*s
99
87
106
04
104*8
92
132
98.
,
15
117
92*5
92
10i 97^ 100*5
12 13034 135*4
66
96*5 103*4
...116
1L6
il
95
03
100
101 *t
123
126*5
Mar’10!
124 V 126V
123
May’10'
124*4
99 V 40
98
100
07
97 *
Apr’lu
9l34 To 91
93*4
99*4 75 98*5103*5
87
l1 87
90*a
May’10
10434 106
Apr’iO
J’ly'10
91
98*5 101
70
74
| 72»s 72*a
96*a 97V
00
89
110
103
Sale
00
116*8 118*4
117
110
Feb’iO
J’ne’10
103V Mario
96 I 96*5Apr’10
1 92*5Jan’00
••••..113 Deo’O0
96*5
99V 102V
9934
117
110
90
99*4 102*4
115*« J’ne’10
113*s
87
90*5
90
....
100*5 117
1
98*5
5
70
70*a
72*5 Feb’iO'..
Mar’io'....
97
00
Feb’iO
100
Sale
08*5
70
Sale
70
99
97*5 100*5
j
....
99
117
110
103V103 V
j 96 V 07 V
See C O C A St L
V_/hio Riv RR See Balt A O
Ore A Cal See So Pao Co
Ore Short Line See Un Pao
See N Y O
of Missouri See Mo Pao
Penn RR 1st real est g 48.1923 M-N
Consol gold 6s
1919 M-S
Consol gold 4s
1943 M-N
Convertible g 3 Va.
1912 M-N
102 V
J’ne’lO
gold 4s
1948 M-N
08V 99
95 *8 Sale
102 V <**18
93V
DRRRABgeJLstgu4sg.’36 F-A
96
100 V
100 "
PhilaBal A W 1st g 4s.. 1943 M-N
Sod Bay A So 1st g 6s...1924 J • J
UN J RR A Can gen 48.1944 M-6
Penn Co—Guar 1stg4*98.1021 J-J
1021 J-J
Guai 3*aa ooli trust reg.1937 M-8
l' loa
103
103
109 V Jan’09
106
Feb’iO
98 V
«8V
6
95
06 V 149
42
103V
102V
102
AJLleg Val gen gu g 4s...1942 M-S
Guar3*sscolitr ser B...1041
Tr Co oertif’s gu g 3*as.l9I6
Gu 3*58 tr otfs 0
1042
Gu 3*58 tr ctfs D
...1944
102V Apr’10
on
io3v
ibo
106
08V102
97 V
95
102 104 V
....
1
1U2V102V
1*03 V Dec ’09
102
Jan’03
103 V May’10
103 V
108 V
101V
103 V Sale
103V Feb’iO
88 V
102 V108V
....
ao
6 103
....
90 V J’ae’06
90
103 V104
....
ii
100
103V 103V
F-A
96 V May’10
90
Jan’lol
91
Deo’091
M-N
J-D
J-D
96V
90
97V
90
••••••
Next Pago
Allis-Clialmers let 5s
1936
Am Ag Client 1st o 5s
192b
Am UOt Oil ext 4*58
1915
Am Hide A L 1st 8f g 6s..1010
Amer Ioe Secur deb g 6s.. 1926
Am Spirits MJg 1st g 6s.. 1915
Am Thread 1st 001 tr 4s..l0l0
Am Tobacco 40-yr g 6a. ,L..l944
1951
4 s.
Beth Steel 1st ext af 5s.. 1026
Jent Leather 20-year g 68.1926
Consol Tobacco g 4s
1951
Corn Prod Ref s f g 5s
1931
1st 25-year
94 V 100
82*4
79*5
9834
97*5 Apr’09
Registered
87V
86V
98V
—
Registered certiflc’s..l923 Q-F
jtlndAW
78
70 V
...
A-O
Div’llstlAgeng4a...1944 J-J
Registered
Since
sol January 1
No'\Low High
Low
High.
79
J’ly ‘10
79 *5 Mar’10
98 V Apr’ll.
102
Mar’04
ASk
80*a
U1992 M-S
NYA Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Ene
N Y Tex A M See So Pao Co
Nor A South 1st g 6a
1941
Norf A West gen g 6s
1931
Improvem’t A ext g 6s..1934
New River 1st g 6s
1932
N A W Ry 1st oon g 4s. 1996
Registered
1996
Range
o"o
•3C
J-D
Convertibleg3*a8.......1915 J-D
93s4
*No price Friday; latest bid and asked. aDueJan 6 Due Feb
J-J
1stgug43.1949 J-J
Registered
JH1SCELL 4NEOUS BONDS—Continued
*
Bia
6t Law* A Adir 1st g 5s. 1996 J - J
2d gold 6s
1996 A-O
Utica A Blk Rlr gug 4s.l922 J-J
Lake Shore gold 3*58....1997 J-I>
Debenture g 4s
25-year g 4s
July 22
F-A
OgALChamlstgu4sgl948 J-J
Consol
J-J
Deben g 4s
1934 M-N
Lake Shore coil g 3 Vs...1908 F-A
Registered
1998 F-A
Convertible deb g os....1911
ColIndulstA coll 5s gu.,1034
Contln’talC lsts 1 gu5sg,1952
Gr Riv Coal A O 1st g 6s..1919
Jefi A Clear C A 11st g 5a.l926
Kan AHCAOlstsfg 58.1051
Pocah Con Collier 1st s f 6s.’57
Sunday Creek Co g 5s....1944
Tenn Coal gen 6s
1951
Tenn pif 1st g 6s
al917
Birrn Div 1st consol 6s.. 1917
Call C M Co 1st gn g 68.1922
De Bar 0 A X Co gu g 6S.191U
Victor Fuel 1st 8 f 5s
1953
g 4 Vs..1941
Week? s
Range or
Last Sale
Friday
F-A
M-S
F-A
M-N
A-O
A-O
A-O
fine Creek reg guar 6s. 1932 J -D
R WAOoon lstext5s.A1922 A-0
Oswe A R 2d gu g 5s...«1915 F-A
X
Chat Agold
StL6s1st7S.1913
Nash
J•J
1st consol
1928 A-O
MoM M W A Ai 1st 6S..1917
TAP Branch Ist6s....l917
Nash Flor A Shef See LAN
Nat Rys of Mexpr 14 Vs 1957
Guar gen 4s
1977
Natof Mex prior lien 4 Vs. 1026
1st oonsol 4s
1951
New HAD See N Y N H A H
N J Juno RR See N Y Cent
N Y Bkln A Man Boh See L1
N Y Cent A H Rivg 3*38.1997
w
Price
pao Coast Co 1st g 6s....1946 J-D
See S P Co
Morris A Essex See Del LAW
Jasper Branch 1st
v.
N Y Cent A H K—(Con)
Mich Cent ooU g 3 *a«....1998
Registered
1998
Beech Creek 1st gu g 4s. 1936
Registered
...1936
2d gu gold 6s
1936
BeechCr Ext 1st e 3*58 61951
Cart A Ad 1st gu
4s...1981
Gout A Oswelstirutr5s 1942
Moh A Mai 1st gu g 4s..1991
N J Juno R gu 1st 4s...1986
N Y A Harlem g 3*58...2000
N Y A North 1st g 5s...1927
N \ A Palstoongug4s 1993
Nor A Mont 1st gng 5s.l916
Oswego A Rome
Morgan’s La A T
ts-s
N. Y. STOCK EXCHANGE
Week Ending July 22
95 V
90
....
93V
108
110
106
106
105 V
1U2
J’ly’10
102 V 104V 100*aJ,1y’19
109
110*4 Apr’u9
103V 105 Mar’10
100
114
109
31V May’ 10
77
80
100
114
Apr'06
95 *5
98*5
25*5
76
i 10*4
06
104
”'i
110*o Mar’10
111
Mar’10
104
95
10734
91
89*5 May’10
93 V
110
lu7
'*"i
.
103
98
••••••
Nov’06
Nov’09
131
May’10
J-D 131
llg
Jan’07
A-0 107
100*5 J’ne’lo
J-D 100*5
M-N 102 104 103 J’ly’io
65
69
75
May’10
V
lstandreftind gold 4s..1949 M-S
78
88
Mar’10
g7
Des M A Ft D 1st gu 4s...’35 J-J
Minn A St L gu See B C li A N
98
J’ly’io
96*8 98
MStPASSMcong4intgu’38 J-J
97
Ogia Jan'lu
M S S M A A 1st g 4 int gu 1920 J * J
1st coll
Since
High. He Low High,
94*4 100
Lou
Midi Cent See N Y Cent
Mid ol N J See Erie
Mil L S A W See Chic A N W
MBA North See Ch M A St P
Minn A St L 1st gold 7s..1927
Pacific Ex 1st gold 6s...1921
South West Ex 1st g 7b.1910
1st consol gold 5s
1934
Minn U n See St P M A M
Mo Kan A Tex 1st g 4s...1990 J-D
2d gold 4s
0i99O F-A
1st ext gold 5s
1944 M-N
1st A refund 4s
2004 M-S
Gen s f 4 Vs
1930 J-J
St L Div 1st ref g 4s....2001 A-0
Dal A Wa 1st gu g 6s...1940 M-N
Kan C A Pao 1st g 4s...1990 F-A
Mo K A E 1st gu g 5s...1942 A-0
M K A Ok 1st gu 5s
1942 M-N
MKATofT 1stgug63.1942 M-3
SlierSh A So 1st gug 58.1943 J-D
Tex A Okla 1st gug 5s...1943 Al-S
Mo Pacific 1st con g 6s ...1920 M-N
Trust gold 5s stamped.al917 M-S
St
**
BONDS
Range
W&6&>
Range or
Last Sale
LXXXXIe
si 6s
J-J
A-O
M-S
A-0
70
M-S
04V 98
J -J
A-O
F-A
J-J
A-0
F-A
M-N
1934 M-N
Cuban-Araer Sugar coll trt's’18 a-o
Distil fc»ec Cor conv 1st g 6s.’27 A-O
EI duPont Powder 4*58.. 1936 J-D
gDuej’ne A Due J’ly ZcDueAug
0
75V 75 V
75 V
100V
100 v Sale
96V Sale
96V
72V
......
100 v
96 V
96V
06V
71
04
91
71
105 V Sale
105
79
Sale
78V
85 V 84 V
3» CO
98 V
Sale
93V
96
68
......
Due Oct
76
96 V
May’ll
J’ne’lC
105 V
79
85 V
983<
79
94V
78 V J’ly’10
94 V Apr’10
04
04
04
97
70 V
87 V
96V
BOV
» Due
68 V
68V
85 V J’ne’lu
11
75
28 100
96
4
8
1
06V
84 V
L03
98
102
70
73V
06
04
90
03V
36 104 V 100
66
76V 85 V
li
84V 89V
21
97V 102
~
+ -
76V 83V
tff4
1
26
10
....
Nov q Due Deo
04-<
97
93V 06V
96V-»7
67 V 74 V
85 V
/Flat.
88V
New York Bond Becord—Concluded—Page 4
July 23 1910.
BONUS
AO
Guar 15-26 year g 4s....1931 A-0
Cl A Mar 1st gu g 4 Vs..1935 M-N
Cl A Pgengug4ys8er A.’42 J.J
1942 A-O
Series B
Series C 8 Vs
1948 M-N
Senes B guar
1942
Senes O guar
1042
berxes D 4s guar
1945
Series E 3 V guar g....l949
Series F 4s guar
1953
C St L A P 1st con g 68.1032
Pensacola A Atl See L A Nash
Peo A East bee C O C A St L
Peo A Pek Un 1st g 6s.... 1921
2d gold 4*a8
61921
Pere Marquette—Ref 4 s.. 1956
1921
Oil* W M6s
Flint A PM g6s
1020
1039
1st oonsol gold 5s
Pt Huron Div 1st g 6s. 1030
Sid
07**
.
103^.
103 V.
.
06
Aug’09 .
00
May’OB1.
92
Apr'071.
08*4 Apr’04'.
104 *a Oct ’09
,
A-O
.
105*4 J’ly’io.
105^4 J’ne’lOl.
107
94
90V100
D
101
See Penn BK
Philippine By 1st 30-yr s 14s’37 J.J
Pitts Cm A bt L bee Penn Co
Pitts Cleve A Tol See B A O
Pitts Ft W A Ch See Penn Co
Pitts McKees A Y See N Y Cen
Pitts 8h A JL E 1st g 6s... 1040 A-O
1st oonsol gold 5s
J
1043
Pitts A West See BA O
1> eading Co gen g 4s
J
1097
XV> Registered.
1997 J-J
Jersey Cent coll g 48... 1951 A O
Rensselaer A bar see D A B
Bioh A Dan See boutli By
Rich A Meek See boatliern
Rio Gr West See Den A Rio Gr
Roch A Pitts See B it A P
Rome Wat A Og See N Y Cent
Rutland See N Y Cent
....
103 «a 105
bale 101
Phil B A W
89
.
A-O
J-J
M-N
A-O
A-O
A-O
.
00
88
97V Sale
97
May’lO
96
07 V
97*8
J’ly’10
112
112
63
07
05
95
00V
057*
89
106
85
J’ne’lO
100
97*4
97V
94
89
90
120
124
105 108*4
91*3
90
86 y 90
AO0V,
Mar'10
86*3
85*»
90
.
Apr’lO
106*3
88
85** bale
100*4 Apr’lO
100*4 i°°v
79 V bale
70V
80
113
116
114*4 115
78 Sale
78V
77*4
05
100*4 Dec*09
97 V 07*4 96*4 J’ne’lO
00
90
89*4
76
iny
82*4
77 y
96V 87
10
88*4
82
79V
80 y
78*a J’ly’10
101 y Apr’07
05
86
79
114
8l*i J’ne’lO
79’i
Gray’s JPt.Ter lstgug 6s 1947 J-D
76
1st
1 g
J-J
84 >s
J J
08*3
Adjustment 6s
AU-Birm 30-yrlst
ol949 F-A
g 4s.el933 M-S
g 4s...1949 J-J
Mort guar
gold 3 Vs.. *1929
Through St L 1st gu 4s ’54
GHASAMAP 1st 5s.. 1931
Gila VGAX lstgug6s. 1924
Hons E A W T 1st g 58.1033
1st guar 6s red
1933
H A T C 1st g 5s iut gu..l937
Consol g 6s int guar... 1912
Gen gold 4s int guar.. 1021
WaooA N W divlst g 6s ’30
A A N W 1st gu g 5s....1041
Morgan’s JLa A T 1st 7s. 1018
C 6s...1916
M-S
1921 M-S
1926 M-S
1936 M-N
Series E 5s
General 6s
M-N
F-A
WestN C 1st con g 6s..1914 J-J
SAN Ala See LAN
1936
4s..1024
Goar stamped
W O A W 1st cy gu
J-J
J-J
J.J
J-J
J-J
84*4
Gen refund s t g as......1953
St L M Bge Ter gu g 5s. 1930
Tex A N O See So Pac Co
Tex A Pao 1st gold 5s
2000
2d gold ine 5s
o2000
La Div B L 1st g 5s
1931
W Min WAN W 1st gu 5s MO
Toi A O C 1st g 5s
1935
Western Dxv 1st g 5s...1935
F-A
J-J
1947
iy27
1st A ref 4s
p2008
Ore Ry A Nav con g 48.1946
Ore Short Line 1st g 6s.. 1922
1st oonsol g 5s
1046
Guar refund 4s
1020
Registered
99*3
73
80
00
100
100
100
100
101
03
J-D
J-D
M-S
F-A
F-A
J-D
A-0
M-N
M-N
M-N
M-N
J-J
A-O
A-0
M-N
J-J
A-U
J-J
A-O
J-J
A-O
A-O
M-N
J -J
1st gold 6e
1920
No of Cal guar g 6s
1938
Cal
Ore A
1st guar g 6s. 1927
80 Pac of Cal—6s E A F.1912
1st gold 6s
1912
lstoon guar g 5s
1937
S Pac of NMex 1st g 6s..1911
So PaQ Coast 1st gu 4s g. 1937 J-J
TexAN OSabDi vlst gbs.1912 M-S
Con gold 5s
1943 J-J
83 J’ly ’10
99
J’ly’10
72 y
73
06*4
76*4
70*4
100*4 100*4
104
104y
90
90
00
22
10U*4 May'10
104*3 Mar’lO
80V 90
Sal®
86
iooy
83
99
80
91
103
104
106
96 *b
88y 88*4
80
J’ne’lO
91 y Alar’lO
103
Apr’lO
106
J-J
13
J’ly’io
Apr’lO
104V
106
104
106
90
96V
06V
87
9iy
103
6
J’ly’io
97 28S
05 V 12
97
Feb’10
87 y J’ly’10
02
J’ne’lO
87*s »3V
105 y 106 y Mario
89 y »»
00
86
109V
96
07V
84y
07
97
87** *88*"
87y 80y
81V »4
106y106y
1104*4 &ep’09
104*4 ......106*4 May’09
104** 105*4 105 J’ne’lO
109V110 110y J’ne’lO..
.
..
..
•
108y110
92
100
*1*09*
10Q
102 V
04
lOOyNovWi..
02
J’ly’io
iiuy Mar’iu
107*3 Jan 09
106y
i09y
noy
*02*’ *98*4
119*4 110V
122 y Aug*08
116
Nov’O6
Feb’07!
112
....100 J’ne’10i...."100
A
104y J’ne’Orf
'114y Deo’04
102V
107 y.
116 Mar 07
100*4 looy 101 Mar’lO
84
93 | 90 J’ly *09
101V May’lO
101V
100
105
102
8iy
! 85y
l'loo
9oy
110
87
8uy
92
J’ne’06
J’ne’09
Feb’10
106
110
Hoy J’ly’10
;109
114y
!lO0
Feb’^o
Nov’09
106
65
106
112*4* ll*3V
112V Apr’lO
114 y Feb’10
115 V Apr ’06
113V H4y
Nov’08
106*4 Apr’lO ....' 100*4 106*4
105
105:t4 May’lO
107V
.
Oct ’08
102y J’ly’10
112
Oct ’06
107
91
Dec’09
Feb’10
102y104
108y Deo’06 .*•*!!'
107V Dec’09
105 V J’ly 10
105 y 107 V
1
106V May’lO
91
91
[105y 106*8
106
106*4 Sep *09
107V 107V Apr’lO
illy 112 May 10
Sale
98 y
98*4
109
May* 10
98 y
98
I08y
109
70
Mar’10
106
105
'*85' ‘SBV
112
97
109
84
100
89
103
86
100 V
Sale
102 y Sale
95 y bale
06
108
99 y
00 y
92
88
77 y
109V losy
y bale
86*4
91
100
00*4 102
98y101y
92
losy
93
02y
94
93 y
90
81
lu3
286 101*8 116*4
95 y 12
95y 98 y
90
1
94*4 98y
U3yj’ly’l0
166
L047s
94*4
83*8
87*4
100
io>y
06
H3y
70
,|jio7y H2y
looy
90
102 y
05 y
I09y
70
J’ne’lO
J’ne’lO
Oct ’09
luuv
H5y
98 y
losy nay
04*4 Mar’iu
93
Apr’lO
88
May’10
77y J’iy’10
84 VMay’ 10
UUV
yov
76y
84
*86*
02
io7y 107 y
103
bep ’09
106 y Nov’04
109 y 103
J’ne’lO
109
112
Sep’uo
104 V May’lO
IS1
U3V117
losy 113V
91 y
94V
Jan ’00
107 y Deo ’09
Uni N J RR A OCo EtePaRR
Utah Central See Rio Gr Wes
Utah A North See Un Paciilo
Utioa A Black R See N Y Cent
08
06
Nov’08
Apr’lO
06
06
105
noy 108
04 y 05
96
107
Sale 107
00
bale
99
86
100
100
j’ly’io
J’ly’io
108
108
100
J’ne’lO
Mar’lo
See Mo P
1039
M-N
F-A
Debenture series B
1030
1st lien equip s fdg 5s..1921
1st lien 50 yr g term 4s.l054
1st ref and ext g 4s
1956
DetA Ch Ext 1st g 5s..1041
Dos Main Div 1st g 4s..1939
Om Div 1st g 3*as
1941
Tol A Ch Div 1st g 4s... 1941
Wab Pitts Term 1st g 4s. 1054
Trust Co certfs
2d gold 4s
1954
Trust Co certfs..
Warren See Del Lao A West
Wash Cdnt Em Nor Pao
Waah.OAW Se4 Southern
Wash Terml 1st gu 3ys..1045
West Maryland 1st g 4s...1052
Gen A conv g 4s
1052
Trust Co certfs
W Vacant A P 1st g 6s 1911
WestN YA Pa lstgEs,.1937
J-J
M-S
J-J
gold 5s
Wabash
1st6a.
2d gold
1939
....
Gen
,.
109
110
102 y
losy,
103
105
105
105 V
88
104
F-A
VJ andaiia
oonsol
g 4s ....1055
Crux
APlstgu4ysl034
Registered
20-yr conv 4s
hi
60
Sep ’08
92y Oct *09
75
108y109
60*4 68
1920
Utah A Nor gold 5a..l926
Tor Ham A Bull 1st g
1950
1917
4s./tl940
15,103 V111V
108
82
106
106
J.J
105
Msy’09
74
75
85 4 J’ne’lO
106
106
86 J’ly’10
103*a 108
J-D
Mar
J-J
A-O
J-D
A-0
J-J
J-J
A-0
F-A
J-D
J-D
A-O
J-J
J-J
J-J
M-S
J-D
F-A
J-J
J-D
J-D
J-J
Ver VSI Ind A W
Oct ’00
104
83*4
99 y
84*4
83 y
104
110
Since
January 1
High Ho)Low High
93 y 43| 93V 957s
Low
93 V
102
100
Range
!3!
or
Last Sale
F-A
J.J
A-O
Virginia Mid See South Ry
Va A Southw’t 1st gu 58.2003 J-J
1st cons 50-year 5s
1958 A-0
Boloto Val A N E See Nor A W
Seaboard Air Line g 4s ...i960 AO
Coll tr refund g 6s
1911 M-N
Car Cent 1st con
Fla Cen A Pen 1st g 6s. 1918
1st land gr ext g 6s ...1930
Consol gold 6s
1943
Ga A Ala Ry 1st con 6s o 1945
GaCar A No lstgugds 1929
deab A Roa 1st 6s
1026
Bher Shr A bo See MEAT
811 Sp Oca A G See Atl Coast L
Southern Paoxtio Co—
Gold 4s (Cent Pao coll)./cl949
PI 949
Registered
20-year cony 4s
#1020
Cent Pao 1st ref gu g 4s 1040
Registered..
1949
ser
Series D 4-5s
era
bt Paul A Dul
FA
A APaeslstgag4s...l043
N P
sink
8A
6s. 1919
Bat FA West See Atl Coast L
Virginia Mid
Ulster* Dei 1st con g 5s 1928
1932 J-D
See Nor Pacific
St P Alum A Man See Gt Nor
bt P A Nor Pao See Nor Pao
Bt P A S’x City See C St P M «fcO
Knox A Ohio 1st g 6s... 1025 J-J
alobA Bir prior lien g5sl945 J-J
Mortgage gold 4s
1945 J-J
Rich A Dan con g 6s....1915 J-J
Deb 6s stamped
1927 A-0
Rich A Meek 1st g 4s...1048 M-N
So Car A Ga 1st g 5s....1019 M-N
1st refnnd g 4s
1952
UnPaoRRA 1 gr g 4s ...1947
120
July 22
....
50-year gold 4s
Colt tr 4s g Ser A
86=6
Weekfs
Range
Bid
ask03 y Sale
103
105
Southern—1st con g 5s
Registered
1994 J-J 102 y
74V 74y
Develop A gen 4s Ser A. 1056 A-0
85
86 V
Mob A Ohio coll tr g 4s.. 1938 M-S
iu5 y I07y
Mem Div 1st g 4y-5s..:l990 J-J
84
86
St Louis div 1st g 4s....1951 J-J
Ala Cen R 1st g6s
1918 J-J
91
Atl A Danv 1st g 4s
1048 J-J
83 *2 85
2d 48
1948 J-J
Atl A Yad 1st g guar 48.1049 A-0
Col A Greenv 1st 6s
1916 J-J 104
E T Va A Ga Div g 5a..1930 J-J
111*4
Con 1st gold 5s
1956 M-N 110*4 112
100
105
E Ten reor lien g 5s.....1938 M-S
05
Ga Midland 1st 3s
1046 A-0
Ga Pao Ry 1st g 6s
1922 J-J 112
General gold 5s
1935
Kan A M 1st gu g 4s....1990
Tol P A W 1st gold 4s.... 1917
Toi St L A W pr lien g 3 ys. 1925
85
Price
FYiday
Spokane Internal 1st g 5s 1955 J-J
f|'er A of St L 1st g 4*38..1939 A-O
037eJ’iy'07
Bt Louis bo See Illinois Cent
8t L b W 1st g 4s bd otfs.1989
-N
2d g 4s mo bond otfs...plU89 J-J
Oonsol gold 4s
i*o*i‘* ioe**
10
89 *3 J’ly’10
Ill's 114*3 112
General gold 6s.....
1931 J-J
Bt L A S F RR cons g 4s..’90
J
Gen 16-20 yr 5s
1927 M-N
5s..1047
1951
K O Ft b A M cong 6s..1028
K O JFt 8 A M Ry ref g 4s 1936
K O A M R A B 1st gu 5a. 1929
Os’rk A Ch C 1st gu 5s g.1913
Dec’UijJ.
101
gi
1955 J-J
1994 J-J
80 Pac RR 1st ref 4s
11st con gold 5s....1804-1944
ag Tus A H See Pere Marq
tJo&Gr Isl 1st g 4s...1947 J-J
St L A Cairo See Mob A Ohio
Bt JL A Iron Mount See M P
BtLMBr See T RR A of bt L
8t Louis * S F—oteug 6s. 1931 J-J
bouthw Div 1st g
Refunding g 4s
Apr’lO;....
75y 79
Mar’lo'.... 101*4 102*4
111*3 Apr’lO
111*3 112*4
105
A-O
M-N
A-0
F-A
112
100*4 Dec’OSj....
76 y 7dy
101 Hi 101*4
J
111*3112
Feb’10.... 112
112
08
04
98
94
J’ly’10
lliyj’ne’10
111V
BONDS
N. Y« STOCK EXCHANGE
Wees ending July 22
....
112*3 J’iie’05
08
Mar’lO
106
Q F
M N
105*4 106
105*4 105 7e
*08’.
109
100
May’lO!
Jau’lO).... 107 V 107*8
103*a J’ly’10;.... 103 *3 107*4
107 *a
M-N
F-A
J-D
A-O
Oct
109
106 V 107 V
A-0
M-N
SagTua <& H lstgug 4s.1031
High ' JSo Low High
96*4 J’ne’lO.
96*4 99
110
Jan ’05.
110*4 Jan ’09
100*4 J’ly’00L
90
90
J 4
90
J-J
J-Ji 100
J-J 1043*
104»4
J-J
A-0 104ia
M-N 107
January 2
Low
00
F-A;
Since
Last Sale
AfA
101
Rang*
Range or
July 22
Pennsylvania Co—{Con)
Senes D 3*as
1950
Erie A Pitts gu g 3 Vs B. 1940
Senes C
1940
Gr B AI ex 1st gu g 4 Vs 1941
Pitts Ft W A O 1st 7s...1012
2d7s
1912
3d 7s
A1912
Pitts YA Ash 1st con 68.1927
PCC ASlLgu4ysA...104O
WeeKs
Price
Pridav
N. Y. BTOOK EXCHANGE
Week evdtno July 22
303
gold 4s...
1043
J.J
J-J
'82*
63 V Bale
104 y
J-J
A-O
M-S
J-D
3*6*
J-D
35
6
A-O
J-J
a
<41043 Nov
See South Ry
Wheel’* ALE 1st g 6s...1926 A-0
Wheel Div 1st gold 5s.. 1028 J-J
Exten A Imp gold 6s...1930 F-A
RR 1st oonsol 4s
1040 M-S
20-year equip s f 6s ...1022 J-J
Wilkes A East See Erie
Wii A Sioux F See StP MAM
Wis Cent 60-yr 1st gen 4s 1949 J-J
SupA Dul div A term 1st 4s’36 M-N
Inoome 5s.
West No Car
iv>7
17 107
00
21
100
Dec’00
100
00
64V 167
03*4
32
Sale
82
35y
36 V
33
bale
bale
bale
sy
6
4V
6
88 y
82 V
82 7e
11
46
11
115
May’lO
17
76V
62 y
00
54
33
4
ny
4
I2y
88 y
ooy
uoy
73
82V
109 y
00*4
liov
00
10 iv 104V
104
104
00
102
79
87V
00
00
95
Deo’08
90V
T6**
75
90
33
68y 7iy
104V Feb’10
Jan'10
104
J’ne’lO
102
70V 70\ J’ly’10
91
80
77V
71
105
103
101
00
103y
102
00
63V
7iy Feb’10
73 y Apr’lO
100 y Nov’09
100y101
noy 110 J’ue’10
92
Alar’lO
34
Feb’07
03
93V
113V
107 V 107 V
107 V Mar’10
83
Dec’09
76
77
Apr’lO
Jan’io
81 y 90
67
6
F-A
A-O
85
100
00
04V
90
oiy
00V
04
Telegraph arid Telephone
100
Am
Telep A Teleoll tr 4s 1929 J-J
Convertible 4s
jiio’i*
101
..<ioiyio2y
Nov’09 ••••!!.••..■
••••••
Mich State Telep 1st
N YTelep 1st Agens
Pac Tel A Tel 1st 5s
1936 M- S
5s ..1924 F-A
f 4ys.’39 M-N
1937
J-J|
J’ne’lO
iooyii2
98y J’ne’lO
96 y
06 V 34
05*4
06
13
97 V
97V
1
90
89 y 00
09 y 100
96
97
96 y Sale
95
95 y
07
98
ooy
....
West Union ooltreur 6s. 1038 J-J
93 y 94*4 93 y J’ly’io;....
Fd and real est g 4*as...l950 M-N
Conv 4s, Series A
loiyl 37
1036 M-N! 101 101y 101
00
00
08
06
05
07
03
106 V
00
00
99 V
100 y
o• V
93y 97
Pt)*!
*100 y 102 V
MISCELLANEOUS BONDS—Concluded.
Manufacturing Ac Industrial
Gen Electric deb g 3ys..l942
10-yrg deb 5«....
...1917
Int paper Co 1st oou g 68.1018
Consol cohy s f g 5s
1035
Int St Pump 1st s f 5s....1929
Lackaw Steel 1st g 5s....1923
Nat Enam A Stpg 1st 5s.. 1929
N Y Air Drake ist conv 6s ’28
Ry Steel Spgs 1st s f 6s... 1921
Repub
F-A
J-D
F-A
J-J
A-0
J-D
Union
b tamped....
*
No price
Friday; latest bid
82 y
M.S
M.N
J.J
IA b 1st A coltr 5s. 1034 A-O
Bag A P 1st si 5s.. 1930 J-J
U b Death Oo s fdeb g6s..!913
U S Realty AI conv deb g 5s ’24
U S Red A Ref 1st s f g lie. 1031
U b Rubber 10-yrcoll tr 6s.’i8
U 8 bteel Corp—j coup .<41063
bf 10-60 yr 6s. (reg ..<fl90H
131
...
102y
97
00
tf-N
J-J
J-J
J-D
M-N
M-N
82
82
82
Jan’iu
147 y
133
133
185
J’ly’10
105
3 100
101
101
101
80 V
84
84 V 86 J’ne’lO
18
92
92 V
96V
03
92 V
95
V100
07
97V
J’ly’10
96 y 97V
95 y May’lO
2 100
114V
104
104
104
06 y osy
2
07
97
103y104
104
104 J’ne’lO
03
90V
03
May’lO
93
96V
93 May’lO
05
1
104
luiyios
y 104H
105
2 87
87~
87
94V
80
88
00 y
87
88V Apr’lO
Sale 102 y
102 y 16 102 104 V
224 101 y losy
Bale 102V
103
102
103
106V
t03V J’ly'10
104 y
87
.....
102 V
102 V
and asked this week,
...
b Due Feb d Due
Manufacturing & Industrial
Va-Car Chem 1st 15-yr 5s 1923 J-D
Westinghouse E A Ms 15s *31 J.J
08 V Sal®
bale
87
Miscellaneous
Adams Exooitr g4s
03
1048 M-B
Armour ACo 1st real est4 ys’39 J-D
Bush Terminal 1st 4s
1952 A-0
1955 J.J
Consol 5s
ChloJo A ct Yard col g6s. 1915 J-J
Dot M A M Id gr incomes.. 1011 A-O
Instit for Irrig Wks ,4 ys 1043 M-N
Int Meroan Marine 4y$..1922 A-0
Int Navigation 1st s 15s. 1020 F-A
Nevrp Ne bhxp A D D 5s 41000
N Y Dook 50-yr 1st g 4s.. 1951
Providence bee deb 4s.... 1057
Provident Loan Soo 4ys.l021
S Yuba Wat Co con g 6s.. 1023
J-J
F-A
01
bale
98 y
86 y
99
87
96 y 100
86 y 03
93V
93V
92
87 y J’ne’lO
98 J’ue’10
100 Jan’08
35
J’ly’10
97 y Mar’10
95V
61
y
62
61V Sale
80 V J’ly *'0
79 H
05
Dec’09
85
87 y 89
96
97
05 V 105
85
40
00V
M-N
83
M-S
J-J
Wash Water Pow 1st 6s.. 1039 J-J
80
9lV
84V
Apr «Due May pDue J’ue A Due J’ly ADueAug oDue
90V J’ly’io
90 May’lO
05
J’ly’00
112
101
J’ly’04
Feb’10
06
93 y
04 y
80
08
35
40
96
60
98
71 y
83
9oy
87 y
90 V
52
80
00V
00
101
101
dot p Due Nov * Option Sal*
CHICAGO STOCK EXCHANGE—Stock Record-Daily, Weekly and Yearly
8T(X?KS—HIOHEST AND LOWEST SALE PRICES
Sales
of me
Saturday
July 16.
Monday
July 18.
Tuesday
Wednesday
July 19.
July 20.
•
•••
•
a.--
....
,
83g
6834
*238
*125
*82
88g
687g
*238
*125
*82
*10934 110
133
133
*33
*59
*48
*1
*2
35
60
50
*3412
*117
*146
Hs
3
351?
117*2
148
11212 11212
1412
*95
62
*44
*
*238
126
*82
10934 110
1321s 13218
10934 10934
132U 13214
*33
*58
*48
*1
*2
*33
69
*48
35
60
50
Hs
*3412 3512
*1
*2
*34
11712 118
118
*146
112
3
148*
148
95l2
94
60
951?
62
62
*44
*
21?
96
*
95
21
*
*102
156
156
*170
101
678
*12
172
101
*
21
11612
118
*115
*115
133
133
Last Sale
Last Sale
Last Sale
59
59
Last Sale
Last Salt
Last Sale
*34
36
"l"
* 2"
5
67
Mch
7
185
May 25
May25
May25
109
36
16
May23
May26
May24
2i8 J ne29
Do
pref
100
150 South Side Elevated.. 100
10 Streets W Stable C L.100
Do
.-100
pref
26
69
16
51
15
53
Lowes',
Mch 7
180
8l2 Jaa 26
7i2 Jan 7
5
Jan 3
Jan 3
Jan 10
5
Mayis
39
3l)
7734 Mch 30
Jan 14
Feb 7
25
72
23
66
Apr 1
May31
5514 J’ly 5
8
J’ne 21
J’ne 22
J’ne 24
8
J’no 4
45
May27
104
6*8 J’ne30
66I2 J’ly 22
Apr 25
J’ly 19
82
150
135
Jan
112
Jan 11
Jan
4
Oct
Dec
15
30
Dec
Dec
Dec
52
97
120
106l8 106lg
155
156
118l4 118l4
10212 10212
*170
101
*612
*12
172
35
July’10
59
59
50
1
May’10
Apr’10
Nov’09
212
34
34
118
Mch’08
July’10
110i2
Feb’10
15.
14i8 *14
Last Sale 79l4
Apr’10
94
94
90l4
93
59
60
597g 61
Last Sale 43l2
Mch’10
Last Sale 55I4 July’10
5512
9614
*102
118
*115
10334
*115
107
120
107
118
1161?
95i2
172
102
•
18"
170
*12
199
"l75
~277
1,424
’iso
96
10534 106i2
105l2
50
132
21
105i2
15314
154
1183g
103lg
118
10212
18
100
Commonw'th-Edison. 100
Do
rights
Corn Prod Ref Co com...
Do
do
pref....
Diamond Match...
100
Illinois Brick
100
Masonic Tempie
McCrum-H owell Co..100
Do
pref
Mllw & Chic Brewing....
Do pref
National Biscuit
100
Do
pref
100
National Carbon
100
Do
pref
100
’383 People’s Gas
BONDS
CHICAGO STOCK
EXCHANGE
Week ending July 22
rights
l',365 Sears-Roebuck com..100
Do
65
100
pref..
100
478 Swift & Co._
20 The Quaker Oats Co__100
170
Inter-
Price
esi
Friday
July 22
Period
Bid
Amer Strawb’d 1st 6s_1911 F
Armour & Co 4Ms
1939 J
Aurora Elgin AChic 5.1941 A
Cal & So Chic Ry Co
Jan
59
Deo
Nov
25
73
May
May
May
Jan
Jan
61
Feb
54l2 Dec
108
_
A
J
F
-
Chic Edison deb 6s. 1913
1st g 5s__..July 1926
Debenture 5s_.__1920
Commonw Elect 5sbl943
Illinois Tunnel 5s_.—1928
Kan City Ry & Light
Co 5s
1913
Knlck’b'ker Ice 1st 5s 1928
Lake St El—1st 5s...1928
Income 5s_
1925
Metr W Side El—
1st 4s
1938
Extension g 4s....1938
Morris & Co. 4H
1939
North West El 1st 4S.1911
No W G-L & Coke Co 5s’28
Ogden Gas 5s....
.1945
Pearsons-Taft 5s
.1916
4.40s
4.80s Series F
Poo Gas L & O 1st 6s_1943
Refunding g 5s____1947
Chic Gas L&C 1st 5s 1937
Consum Gets lsl 58*1930
Mut'l Fuel Gas Ist5sl947
South Side Elev 4HS-1924
Swift & Co 1st g 5s
1914
Union El (Loop) 5s_.194o
Union Pacific conv 43.1911
United Box Board col 6s'2c
General mtge 6s.
Western Stone Co 5s__ 1909
interest
J
D
A
J
D
A
O
Do rights
Do
’’35
pref
100
115 Unit Box Bd & P Co-100
Do pref
100
Western Stone
100
S
F
-
A
F
-
F
-
A
A
-
N
-
*
*
J
*
-
J
A
n
VI
-
•
-
-
J
■
At
-
A
J
S
D
S
J
O
s
s
L>
-
N
O
•
J
Feb
F
J
J
M
-
•
«•
102
....
...»
10134 102
....
....
....
....
....
....
....
....
..
7512
....
90
....
985g
....
*98
Sale
....
....
—
—
—
f-
102
I007g Sale
....
100
....
....
10012
....
10014 1003g
....
....
....
....
....
100
....
81
....
....
....
Sale
7934
....
96
97
-
S
N
N
-
O
-
£.
-
-
*
J
-
L)
«
•
•
A
-
Vl
-
N
J
J
O
N
94i2
9912
"
■
J
C
must
....
....
•
•
.
.
103
....
92
100
....
....
60
....
ue
100
100
10134 10314
__
921Sale
90
....
70
66
....
added to
8414
10
..
».
1
1
....
Dec'08
9434 July’ 10
96
80
16
.
.
95
99
941?
97
1
....
98i2 Mch’lU
12134 May'09
IOU4 July’10
103
Mch'1C
9434
9434
85
....
2
80
78
84
80
8912
9334
9314
99
99
92*2
96i4
9612
9612
....
97
97
....
9812
9812
....
....
1
....
2
9614
....
....
....
2
....
IOII4 10314
103
102
10412
10212
92
100
88
1007g
101i2 uec'09
92
100
88
114
70
65
3
5
92
100
Apr’10
94
88
Nov'04
Apr’10
June'1C
72
Feb
31
56
50
1
135$ Jan 30
J’ne
J’ne
Jan
Feb
6
3934 Jan
Jan
4
Feb 17
Feb 4
J’ly 22
47
Mayl7
137
Feb ll
Jan 3
14212 Jan 21
10934 J’ly 21
163
Jan 26
2
1J4
40
93
12112
2234
82
127
91
46
60"s May26
10234 Apr 20
May 2
J’ly 19
115
125
120
121
118
Feu 24
Feb 10
10334 J’ne 6
104
112
Feb 7
J’ne 29
101i2Jan 25
162
Jan 13
6
J’ne 22
101
J’ly 16
143
118
20
42
Dec
127
Jan
140
Sep
117
107
Jan
Jan
152
Oct
9
106
117
38
43
Jan
Jan
Jan
Nov
97/g Jaa
H8I4 Feb
82
110
102
Jan
Jan
Jan
Feb
h
65
101
Jan
Jan
10012 Jan
119
Jan
Mch 14
8
Feb i9
47
Aug
May
Aug
Dec
Sep
21
J’ne
25»«
8812
130*4
8812
11914 Sep
130
Sep
10Si2 Dec
124
1
Mch
169*2 Dec
12134 Oct
114*4 Aug
162
Dec
98i2 Jan
6g Feb
334 Mch
105
Dec
Feb
25
6
514 Apr 28
153g Jan
3
J'neso
Apr
1
15
r>8 Mch
912 Jan
Ovtstandr
Surplus
ing
and
Mch
Slock
Profits
t
Chicago City
Commercial National__
Continental National..
Corn Exchange National
Dep National.
First
$100,000
500.00U
8,000,000
9,000,000
3,000,000
200,000
600,’OOO
$40,392
204,053
3,733.972
5,209,551
5,215,397
22,020
377^552
200,000
National.:
First Nat Englewood
Foreman Bros B k’g Co.
Fort Dearborn National
u?Hamilton National
Hibernian B’k’g Ass’n..
lias par State Bank
La Salle St National
Live Stock Exch’ge Nat
Monroe National
Nat Bank of Republic..
icNational City
..
National Produce
North Avenue State
North Side State Sav’gs
North West State
People's Stk Vds State.
31,816
10,000,000 10,-534,793
177.944
150,000
1,000,000
1,000,000
500,000
1,500,000
200.000
1,000,000
1,250,000
300,00, i
2,000,000
1,500,000
250,000
200,000
50,000
200,000
Prairie National
Prairie State
300,000
250,000
500,000
Railway
Security
Exchange....
250,000
300,000
South Chicago Savings.
South Side State
State Bank of Chicago. .
Stock Yards Savings
200,000
200.000
1,500,000
500,000
396,273
(w)
921,617
125,145
250;i55
452,391
64,726
1,198,085
353,752
76,395
73,141
22,606
16,207
93,550
68,225
64,496
22,809
169,421
85,000
....
.
.
.
-j
8512 July'08
all Chicago b one!
70
65
L rices
70
65
Dividend Record
In
1908
6
10
ul2
8
12
6
In
Per-
1909
iod
6
An
10
nil
8
12
9
10
9H
Last Paid
%
Dec
•OJ, tt
July *10. 5
J^J
July ’10, 2
July *10, 21?
July *10, 4
Q-J July *10 11?
Q-J July *10, 212
Q-J July 10, 112
Q-M June30'10,3u
Q-J
Q-J
Q-J
6
6
12
12*
10
10
Q-M Jne 30*10,'2i2
Prlv ate Ba nk
8
8
Q-J July *10,2
5
5
Dec31’09,2lg
8
8
Q-J July *10. 2
10
J-J July 10, 5
10
Beg. b us. Mu y.’io V.90. p.1277
10 + 2
10
Q-M Tne 30’10 2i2
4
4
Q-* Aug ‘10.1
8
8
Q-J June30 10, 2
3
6
Q-J July 10. n2
3
Q-J July 10, H2
2h
6K Q-J July *10, 134
6
6
Q-J July *10, H2
'
Q-J July *10, 1
Q-J July *10, 212
ffl0a5
8
2
6
None
*
1H Q-J
Q-J
6
6
4,000 Beg. b
11
1,682,89b
7
180,918
Q-M
us.
Sep
12
8
6
None
6
t '09
Q-J
Q-M
250,000
Union Bank of Chicago.
6
M-N
43,024
200,000
vVendell State
6
Q-M
50,000
7,419
American Trust & Savs. 3,000,000
8
Q-J
392,618
Central Trust Co of lit.. 2,000,000
7
7
Q-J
866,154
6
Chicago Sav Bk & Tr
Q-J
«500,000
111,068
lh
6
8
Chicago Title & Trust.. 5,000,000 (1,319,160
Q-J
Citizens Trust & Savings
4
A-O
4
50,000
6,992
Colonla' Trust & Savings
Q-J
600,000
502,189 8+2
8+2
8
Drovers'Trust&Savings
114,207
Q-J
200,000
7H
Farwell Trust Co
3
191,039
1,500,000
Q-J
First Trust & Savings.. 2,500,000 2,964,148
13
Q-M
Guarantee Trust & Sav.
10,554 Incorp orated 1908
200,000
Harris Trust & Savings.
6
1,250,000 1,410,412
9H Q-J
Illinois Trust & Savings 5,000,000 8,746,624 16+4 16 + 4
q
Kenwood Trust & Savgs
6
52,440
200,000
6H Q-J
Lake View Trust&Savgs
5
200,000
36,287
Q-J
4H
Merchants' Loan&Tr Co 3,000,000 5,813,218
12
12
Q-J
Metro pollta nTrust &Sa v
6
6
211,315
750,000
Q-J
Northern Trust Co
8
8
1,500,000 2,271,139
Q-J
North-Western Tr&Sav
6
6
200,000
61,70-1
J-J
Pullman Trust & Savgs.
8
8
500',000
200,066
Q-J
Sheridan Tr & Sav Bank
200,000
V23.43/ Beg. b us. J’ly 12'0
Stockmen’s Trust & Sav
5
5
200,000
28,926
J-J
Union Trust Co
8
1,200,000 1,162,581
*8+2 Q-M
Western Trusi & Savings 1.000.00U
6
6
207,424
Q-J
West Side TrdoSavBank
200,000
97,141
Woodlawn Tr&SavBank
6
200.000
44,844
6
Q-J
Jne 30*10
Jan
*08,
H2
2
July *10, n2
July ’10, 2
V. 89, p. 817
J ly *10, 3
June30’10.2
May 10, 3
Dec31’08.Ug
July '09, 2
July 10. 2
July 10, Hi
July 10,2
Apr9,’10,3
July 10, 2l2
July 10, 2
July *10. H«
Juhe30'l0, i
V.87.P.1138
July* 10,3
July*10. 4
July *10, 1*4
July *10, H2
July *10,3
July *10. Hi
July *10, 2
July *10, 8
July *10,2
9 V.89,p.141
July *10. 3
June 30*10,2
July *10, Hi
June 30’10.2
July 10.2
•
t iso price Friday; latest price this week, a Duo Dec. 31. b Due June. A; Also
20% in stock, n Capital and surplus to bp Increased, q Dividends are paid
with extra payments Q-F.
sin addition the equivalent of 4% more came from First
Trust & Savings Bank,
t Dec. 31 1909. u Stock increased In 1909.
addition the equivalent of 1% came from First Trust & Savings Bank.
w Hamilton National Bank absorbed
by the National City Bank.
See V. 90. p.
March 30 1910.
Nov
1197s Aug
May26
Jan
15
12H2 J 'ly
17is Feb
70i4 Mch
3
109i8 Jan
186
40
Sep
Nov
Jan
Jan
Dec
75t2 Dec
68
Apr
1
Apr
2i2 Nov
■k Apr
Apr
Mch
I66i2 Apr 14
122
112
145
1
6
J’ne
5H4 Jan
Jan
7
Jan 18
J’ly 1
Mch 30
11534 Jan
J’no
22514 Oct
132
J’ly
81I« Dec
48
20
103
Jan
54>g Apr
Feb
Aug
*8 J ne
J4 May
10
May
Mch 10
Jan 11
Jan 13
Jan 8
Feb 28
6
.'an
Mch 2-s
Jan
7
Mch 17
J’ne 28
1514 Nov
86
101
139
6
74
55
1
6
1312 J’ly 9
7914 Apr $7
9014 J’ly 22
54
J’ly 7
4312 Mch 9
100
126
1421s Mch
11
4
34
110
77g Jan
7134 Jan
Jan
4
May 6
Apr 4
84*1 May 16
7
IOSI4 J’ly 22
1321s J’ly 18
'
80
941'
Feu'lu
ioo"i2
__
1003s 1023,
....
95
1003g Mch'09
9612 Mcb* 10
100
*
.
81
Apr’10
100L 1027s
,
May* 10
79l2June'10
90?8June*10
10178 10314
12
..
Mcn'09
May*05
__
....
10058 Aug’09
1003g
1003g
80
873,
9734 1013s
88
95ig
75
86
901? 91
971? 10 Hs
98
98
1001s 1003,
3
98
J'ne*08
JuneTO
National
Englewood State
12
....
J’ne'10
100i8 Apr* 10
6612 Aug'08
6612 July'08
1017g July’lo
100-34
101
Calumet
Drovers’
Feb’06
753g
9012 Mch'lU
98?g
y85g
103
102
....
66
-
....
....
98j2
100’2
88
75
240
1.6
r
Drexel State.
8612 June’lo
9734
9734
81
9412
J
A
....
....
....
94
-
9934
94l2
94i2 Dec'09
98
N
D
At
J
v
94 7g
99
-
-
J
J
S
M
9934
Oils
5
J'ne’0)
IOH4 Oct'09
100
May'07
10134
10134
103
Apr'04
50
Apr'09
9634 Jan'Oj
87
87
98
mmmm
....
A
91l4
...^
....
«
Q
J
M
M
M
A
M
J
J
M
J
9H8
High
.....
... *
M
M
Low
....
9H4 Sale
NAME
Range
for
Year 1910
High No.
9934 Mch’10
O
-
-
**
B'ds
Sold
Ask Low
A
A
J
__
4,oos bcrics
-
A
D
O
J
A
U
D
Commonw-Edison 5s. 1943 At
Noto.—~Accrued
-
1927 F J J F J J F A M-
Cass Av & F G (St L) 5s T2
Chic Board of Trade 4sl927
Chicago City Ry 5s
1927
Chic Consol Br & Mlt 6s
Chic Consol Trac 4 Hs 1939
Chic Auditorium Ist5sl929
Chic Dock Co 1st 4S..1929
Ohio Jc RR 1st M g 53.1945
Chic No Shore Elec 6S.1912
Chic Pne Tool 1st 5s_al921
Chic Ry 5s
1927
Chic Rys 4-5s series “A”
Chic Rys 4-5s series ‘‘B”
Chic Rys 4-5s series “C*
Chic Rys coll 6s
1913
Chic Rys Fund 6s .1913
Chic Rys Tern Ctfs 1st 5s
Chic R I & P RR 4s..2002
Collat trust g 5s
1913
Chic Telephone 5s___.1923
Deo
Chicago Banks and Trust Companies
Last 3cle
■
1st M 5s
-
Week's
Range or
L&Coke.lOO
Do
*170
172
*170
172
Last Sale 634
June’10
103l2 1031? *101
102
*103
104
*61?
7
634
634
*6l2
7
Last Sale 734
Apr’09
*12
IS
Last Sale1 15
June’10
102
7
*612
Chic Title & Trust
Last Sale 2ig
June’07
Last Salt 20“
Nov’09
*102
104
103
103
118
120
*11.8
121
*115
117
*11434 116
Last Sale 118 June’10
154
155
154l2 155
154l2 155
119
11914 *118
11914 *118
103
10234 103
10318 1033g 103
*170
Chicago Telephone...100
Do
rights
*11712
*118
101
7
935 American Can
100
Do
955
pref
100
American Radiator.. 100
'"ll
Do
100
pref
320 Amer Shipbuilding
100
Do
320
pref
100
300 Amer Telep & Teleg
Booth (A) & Co
100
Do
pref
100
Booth Fisheries com....
Do pref
143
Cal & Chic Canal & D.100
Chic Brew'g & Malt’g
Do pref
Chic Pneumatic Tool. 100
Chicago Bond Record
V
J’ly
8‘J12 May
1912 Dec
29i4 Apr
6
.Jan
13l2 Jan
29I4 Jan
1518 Sep
47
17
63
50
Feb
Jan
Jan
11U12 J'lg
4534 Jan
314 Dec
30
78
J'ne2l
72i2 J ne22
543g Jan 3
__
190
10i2 Dec
6
Jan
Mch
9778 Dec
6
Jan 15
Feb 17
Highest
ll2 Oct
9>8Jan
_
100
100
100
100
Hange /or Previous 1 ear
(1909)
Highest
3
Chicago Subway
100
Kans City Ry & Lt-.lOO
Northwestern Elev
185
2
14
8
“3"
‘‘4''
pref
Metropol W S Elev
Do
pref
IO8I4 10834
*13H2 132
ig
June’09
i4
June’09
Last Sale 2i4
Last Sale 148
10934 110i2 110
Last Sale 13g
11012 112
21
115
*115
67g
18
100
ctf
ctt
ctf
ctf
Do
314
7?s
81?
*117l2 118
148
55i2
9512
10334
106l8 107
ll8
3
36
118
95
61
10334 *102
118
*12112 123
115
120
35
60
50
*93
60
*44
*_
96
6012
*
96
812
Last Sale 11-16 Mch’09
1181s 11812
10234 10234
85
14is
*44
5512
96
13312
*33
*58
*48
*1
*2
*34
118
11212
9512
6012
10612
_
-
81?
*147
951?
120
*214
212
'
Last Sale 26
May’10
Last Sale 70
July’10
Last Sale 20
July'10
65
*61
*60
65
June’10
Last Sale 20
June’10
Last Sale 65
63
60
63
63
*8
Sl2
*7l2
8
June’10
Last Sale 45
10834 10912 *10S14 110
Hs
14
115
*2i4
Lowes'.
Do
pref
Ohio Rys part
Chic Rys part
Chic Rys part
Chic Rys part
687g
*132
3
36
118
*147
112
11212
812
687g
35
59
50
14
10334
Mch’10
185
2
May’10
51?
June’10
*70
75
*15
16
9
June’10
5
July’10
Sale
Sale
Sale
75
15
Sale
Sale
Range ;o;
Year 1910
Railroads
Chicago City Ry
100
Chicago & Oak Park. 100
68
681?
66i2
68
250
*238
250
Last Sale 250 June’10
*125
*125
130
*125
130
126
128
821?
80
8018
831?
821? 821? *80
1414
*12U2 123
*114
*118
106
R3s
6S7g
8I4
687g
1414
21
*102
8*8
69
250
128
83
1412
551?
*95
Last
Last
Last
*70
15
Last
Last
STOCKS
CHICAGO STOCK
EXCHANGE
Miscellaneous
83?,
69
250
128
83
Friday
July 22.
Thursday
July 21.
170
185
*170
185
*170
185
*170
185
*21?
*212
*212
*2l2
*6
*6
*6
*6
70
70
*70
75
70
*70
70
75
*1512 17
1534 1534 *15t2 16
*15l2 16
*8l2 10
*8l2 10
*8l2 10
*812 10
+5
*5
*5
612
*5
61?
612
612
*2
*2
*2
214
2l4
214
23g
23g
*22
2512 *22
*20
25
251? *20
25
*68
80
*68
80
*65
*65
70
70
*18
20
*1812 23
*1812 23
*1812 23
*60
65
60
621? *60
60
*60
65
'*18
23
*18
23
*18
*18
23
23
*
*.
*
65
65
65
65
*60
64
*60
64
*60
64
*60
64
*8
8
8
*8
*8
8l4
81?
8i4
*43
50
*40
50
*40
50
*40
50
Week
Shares
Q-J«
©In
638.
f
JVLY 23
1910.]
THE CHRONICLE
Volume ot Business at Stock Exchanges
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY; WEEKLY AND YEARLY.
205
Electric Companies
Bid
Chic Edison Co—See Chi cago
Gr't West Pow 5s *46.J-J
93
e Kings Co El LAP Co 100
120
Narragan (Prov) El Co.50 *85
NYAQ El L APow Co 100
Preferred
Slocks.
Week
ending
July 22 1910.
Shares.
Stale
Bonds.
Bonds.
Bar value.
134,075
505,906
226,966
302,124
524,999
748,515
U. S.
Bonds.
$11,747,500
43,335,600
19,784,100
27,502,400
46,369,900
67,094,500
$494,500
1,315,500
808,500
910,000
774,000
1,070,500
97,000
290,500
171,000
$3,000
2,442,615 $215,834,000
$5,371,000
S890.000
$3,000
Pat.nrri.ay
Monday
Tnpqday
Wpdnpsday
_
.
Thursday
Friday
Total
Railroad,
&c..
$38,000
137,50G
156,000
106
United Elec ol N J...100
1st g 4S 1949
J-D
Western Power com.100
Preferred
10c
feicgraph and Telephone
e Amer Teleg A Cable.100
Central A So Amer
100
Comm’l QnTel (N Y)_ 25
e
Emp & Bay State Tel.100
Franklin
100
Teleg. 100
Northwestern Teleg. 50
Pacific A Atlantic.... 25
ePac Telep A Teleg pf .100
Southern A Atlantic.. 25
e
Gold A Stock
e
Sales at
New York Stock
Week endim July 22.
1910.
Exchany:.
Stocks—No. shares
Par value
Bank shares, par
Bonds.
Government bonds
State bonds
RR. and misc. bonds..
190J.
1910.
2,442,615
3,657,900
>215,834,000 $341,656,500
$10,400
510,200
Total bonds
DAILY
Jan. 1 to July 22.
$3,000
$27,000
890,000
5,371,000
773,000
21,134,900
$8,264,000
TRANSACTIONS
106,891,600
$9,611,904,100
$092,300
$21,934,900
THE
A1
1909.
BOSTON
107,982,244
$9,899,561,600
$69,000
$250,500
29,773,700
362,141,000
$234,700
23,864,700
772,467,100
$392,165,200
$796,566,50011
AND
e
PHILADELPHIA
Philadelphia.
Week ending
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Listed
shares.
...
Total
Unlisted
shares.
Bond
sales.
Listed
shares.
4,922
10,856
9,323
19,916
15,356
16,667
5,100
16,135
10,147
24,494
18,317
12,048
$8,020
21,040
22,000
77,040
86,241
Unlisted
Bond
sales.
shares.
6,827
12,255
11,000
15,000
2,539
11,152
7,276
8,395
8,713
12,006
10,117
14,151
$2,000
38.800
12,700
17.800
15,000
41.300
$99,060
60,081
54,439
$127,600
22,000
4,336
6,753
Outside Securities
All
bond prices
are
“and interest"
now
Street Rai'ways
New York City
Bleeck St A Fui F stk.100
1st mtge 4s 1950
J-J
B’y A 7th Ave stk ...100
2d mtge 5s 1914
J-J
15
60
115
10
60
135
98*2 101
Exc
1st
102
105
__
Con 5s 1943—See Stock
B’way Surt 1st 5s gu 1924
Cent! Crosst’u stk.
100
1st mtge Cs 1922..A1-N
Cen Pk N & E H stk ..100
Chr’t’r & 10th St stk..100
Col & 9th Ave 5s See Stock
Dry D E B A B—
1st gold 5s 1932
J-D
Scrip 5s 1914
F-A
Eighth Avenue stock-100
Scrip 6s 1914
F-A
42d & Gr St F’y stk ..100
42d St M A St N Ave.100
1st mtge Gs 1910.M-S
2d Income Cs 1915.J-J
Inter-Met—See Stk Exch
Lex Av A PavF 5s See Stk
Metropol St Ry—See Stk
Ninth Avenue stock
100
Second Avenue stock. 100
...
Ask\ Pub
Bid
w
J-D
New’k PasRy 5s *30 J-J
RaiUd Tran St Ry_.100
1st 5s 1921
A-O
J C Hob A Paterson—
4s g
194#
M-N
So J Gas El A Trac.100
Gu g 5s 1953...M-S
25
95
35
260
/ 95
1
200
/ 45
ange
Exc
Exc
155
14
Coney Isl A Bklyn.. 100
78
75
95
New York
Cent Un Gas 5s 1927 _J-J
Con Gas (N Y)—See Stk
e Mutual Gas
100
New Amsterdam Gas—,
1st consol 5s 1948
J-J
NYAERGas 1st 5s '44 J-J
Consol 5s 1945
J-J
N Y A Richmond Gas.100
NY AWestchesterL'ht’g—
Deb g 5s 1954 guar.J-J
Nor Un 1st 5s 1927..M-N
• Standard Gas com.. 100
• Preferred
100
1st 5s 1930
M-N
list
80
85
30
215
102
75
T
102
102
155
list
100
Other Cities
Am Gas A Elec com
50
Preferred
50
Amer
Light & Tract—100
9712
list
Preferred
100
75
Bay State Gas
50
83
Bliigh'ton (N Y) Gas Wks
80
1st g 5s 1938
A-O
,
102
103
Exc
88
100
Brooklyn Un Gas—SeeStk
Buffalo' City Gas stk..100
1st 5s 1947—See Stock
Con Gas of N J 5s ’36.J-J
Consumers’ L H A Pow—
5s 1938
J-D
Denver Gas A Elec
100
Gen g 5s 1949 op .M-N
Elizabeth Gas Lt Co—100
Essex A Hudson Gas.100
Gas A El Bergen Co. .100
« Gr
Rap 1st 5s ’15. F-A
Hudson Co Gas
100
Indiana Lighting Co..100
4s 1958 op
F-A
105
list
92
105
Other Cities
1st consol 5s 1931..F-A 102
Deb 6s 1917
.A-O 102
Columbus (O) St Ry_.100
96
Preferred
loo
Col urn Ry con 5s—See Phi la list
Crosst'wn 1st 5s *33 J-D
• Conn Ry A Ltg
com.100
74
e Preferred
..100
79
1st & ref 4^s—See Stk Exc
104
105
s9714
105
102l2 Indianapolis Gas
76
1st g 5s 1952
81
Ost
88
_
Per sharev
o
Basic.
0
Soils
on
99
Exc
156
97l2
100
95
40
98
95
55
87 34
102
*41
*40
200
101
%
85
Exc
4
Exc
93
110
150
88
300
134
76
95
132
31
63
10
75
50
A-O
Jackson Gas 5s g '37. A-O J 88
Laclede Gas
100
« Preferred
100
1043, 10512 Madison Gas 6s 1926. A-O
104
10S12 Newark Gas 6s 1944—Q-J
Newark Consol Gas..100
2434 25
e Preferred
ioo
• Con g 5s 1948.—J-D
6134 621,,
Gen M g 4 Hs '35—See S tk Ex
,1st
No Hudson L H A Pow—
Pub Serv Corp of N J.100 108
110
6s 1938
A-O
Tr ctls 2% to
6%perpet
99
100
Pacific Gas A E, com.100
North Jersey St Ry.100
60
Preferred
100
t
1st 4s 1948
M-N
74
Pat A Pas Gas A Elec. 100
75
e Con g 5s 1949...M-S
St Joseph Gas 5s 1937.J-J
•
96
Qas Securities
GO
130
85
92
100
'1st
Exc
85
72
126
No Hud Co Ry 6s 14 J-J 103
5s 1928
J-J 101
Ext 5s 1924
M-N
98
Pat City con 6s *31.J-D 112
100
2d 6s opt 1914—A-O 100
4$
So Side El (Chic) —See Ch lcago
300
100
Syracuse R T 5s '46—M-S 101
Trent P A H 5s 1943 .J-D
220
95
United Rys of St L—
Com vot tr ctfs....100
1134
• Preferred
100
6314
Gen 4s 1934—See Stock Exc
list
list ! UnitRys San Fran See Stk Exc
list | Wash Ry A El Co.
.100
30
Preferred
180
100
8oi2
4s 1951
18 L
J-D
83
Buffalo Street Ry—
Grand Rapids Ry pref .100
• Loulsv St 6s
1930.. J-J
Lynn A Bos 1st 5s *24 J-D
• New Orl
Rys A Lgt.100
69
102
106
240
104
—
98
97
148
Con 5s—See Stk Exch ange
Bkln Hgts 1st 5s 1941 A-O
97
Bkln Queens Co A Sub—
e 1st g 5s '41
op '16.J-J
99
elstcon 5s '41 op’16 M-N
951Bklyn Rap Tran—see Stk Exc
i
100
1933
Bid
90
list
Brooklyn
Atlan Avenue RR—
Con 5s g 1931
A-O
B B & W E 5s 1933..A-O
Brooklyn City Stock..10
i
Street Railways
Corp N J (Con)
5s
“f.”
where marked
Serv
1st
85
/ 80
15
80
Exc
except
Cons Tract of N J
1
__
1st M 5s'09 ext ‘10..M-N
9912
Consol 5s 1948
F-A / 50
• Sixth Avenue stock..100
115
Sou Boulev 5s 1945...J-J
60
So Fer 1st 5s 1919...A-0
88
Third Avenue—See Stock Exc
Tarry W P A M 5s 1928 f 50
YkersStRR5s 1946 A-O
75
28th & 29th Sts 5s ’96 A-0 1 16
Twenty-third St stk ..100 190
Union Ry 1st 5s 1942.F-A 100
Westchest 1st 5s *43 J-J
65
1st cons g 4s 1048..J-J
Con g 4s 1955
J-J
Brk C A N 5s 1939.J-J
Kings C El 4s—See Stock
Nassau Elec pref
100
5s
1944
A-O
1st 4s 1951— See Stock
N W’bg & Flat 1st ex 4 v*s
Steinway 1st 6s J922..J-J
I
e
_
Stk.
125
Union Ferry stock..100
« 1st 53 1920
.M-N
Ex. but not very active
9878
80
102
127
98U-
102l2
no
54
84
85
98
93l2
Ask
72
103
Am Cig ser A 4s T1..M S
Ser B 4s Mch 15 *12 M-S
Balt &Ohio
1912.J-D
Bethleh Steel 6s '14..M-N
Ohio & Alton 5s T3..M-S
Cln Ham & D 4s 1913.J-J
C C C A St L 5s, June 'll
Hudson Companies—
6s Oct 15 1911
A-O
6s Feb 1 1913
F-A
Interb R T g 6s 1911.M-N
75
75
76*
28
32
49
51
7U4
90
‘
Preferred
75
118
120
50"
•
Havana Tobacco Co-.lOu
Preferred
.100
1st g 5s June 1 '22 J-D
decker-Jones-Jewell Mll
1st 6s 1922
_M s
Her’g-Hall-Mar, new.lOo
Hoboken Laud & Imp 100
5s 1910
Houston Oit
Preferred
Hudson Realty
e
45
70
31
97
s
Writing Paper..100
170
85
38
45
4912
Ingersoil-Rand
e Preferred
'
62
103
30
105
M-N
100
100
99
iou
no
93
97
40
__
coin.100
100
51,
12
58
36
mmmm
mmmm
mm
+
m
mmmm
99
97l2
98*2
95
983g
9634
1001g
.
■
1st 6s 1948
J-D
Interna t Smelt & Refg 100
interna t Time Record-lOu
97l2
100
981, 1U0
10034 10114
Preferred
...loo
Jones & Laugmin Steel Co
1st s f g 5s 1939..M-N
sLackawanna Steel
100
e 1st con 5s I960...M-S
e Deb 6s 1915
JV1-S
Stock
Exc
list
/ 90
/ 53
/——
2
ange
t Exc
95
*30
*68
85
i
100
;
1013s ioh2
!
2d 6s 1919
M-N
Manhattan Transit... 20
Nev-Utah Min & Sm. 10
91
e New Central Coal
20
NY Air Brake 6s—See Stk
2h N Y Biscuit 6s 1911_M-b
eNew York Dock____100
• Preferred
list
100
N Y Mtge & Security. 100
list
N Y Transportation
100
20
NIIes-Bem-Pond com. 100
35
74
Niplsslng Mines
5
Ohio Copper Go.
10
e
Ontario
Silver
90
.100
Otis Elevator com....100
Preferred
100
list
Pittsburgh Brewing.. 50
Preferred
50
Pittsburgh Coal—See Stk
99*8
9212
f 92
*145
120
152
118
216
98
15
117
100
95
tk Ex
100
63
210
9234
93
155
125
160
123
220
103
120
101
100
list
102
66
220
*41«.
5
400
410
40
43
97
100
98
100
2
3
25
27
871, 88l2
mmmm
30
150
45
85
mmmm
..100
.....
--
116
1
I
19U
40
Exc
100
25
60
list
78
200
*41«>
95 “
*10
40
83
210
Sl2
IOO
IOI4
*l8ie
1&8
212
1*2
48
94
51
96
*2312
*
Exc"
275
14
38
•
•
.
235g
426g
list
68l2
81
no
150
116
200
106
127
95
285
18
42
h
.
/19
73
ioo"
11
40
79
£83
Exc
Exc
139
100
145
,
...
21
4
40
mmmm
14
45
82
587
list
list
142
105
155
838
8
55
30
100»2
45
110
108
421*
52l2
6612
108
25
-rnmm
52
116
102
112
105
100
115
115
120
list
....
mmmm
"
s
Sate
price.
2
ls-Uiv,
y
Lx-rights.
l
^
mmmm
17'l2
n Nominal.
j
i
107
260
com
100
68
Preferred
100
78
Pratt A Whitney pref. 100 zl00
Producers Oil
100 145
Realty Assoc (Bklyn) .100 113
Royal Bak Powd com. 100 190
Preferred
100
104
Safety Car Heat & Lt.100 124
Seneca Mln’ng
25 *__..
com
100
Preferred
100
Standard Cordage
.100
1st M g 5s '31 red.A-O
Adjust M 5s Apr 1 1931
Standard Coupler com 100
Preferred
100
Standard MUling Co.. 100
Prererred
100
1st 5s 1930
M N
Standard Oil of N J..100
Swift A Co—-See Host Stk
1st 5s—Sf>e Chic Stock
Texas Company
100
• Texas A Pacific Coal 100
Title Ins Co of N Y...100
1
i»2
—
Pope Mfg Co
Singer Mfg Co
South Iron A S
»
*ttie
-
t Exe
1
245
■•'••20
no
104
250
*19
Mortgage Bond Co
Nat Bank of Cuba....100
Nat’i Surety
100
e Nevada Cons'd
Copper 6
1
9H4
8H4
*114
*7i2
Monongabela R Coal.. 50
50
100
|
14*0 ”
90
81
240
250
125
100
Lawyers' Mtge Co
100
Leh A Wilkes-B Coal. 50
e Lorlllard (P) pref... 100
Madison Sq Garden
100
|
150 j
105 •
40
86
Lanston Monotype
i
no
120
._.__100
1st s f g 5s '19 op *09 J-J
AtlGf
AWIndSSLlnes.100
12
*8
812
Tonopah Min (Nevada) 1
Preferred
-100
17
Trenton Potteries com 100
4
95
Col tr g 5s 1959
J J
63
65
Preferred, new
100
45
list
Barney A Smith Car
100
Trow Directory..
20
35
100
20
Preferred
100
514
90
100
Underwood Typew pf 100
99
list
Bethl’m Steel Corp—See S tk Ex list
Union Typewriter com 100
40
96
Bliss Company com.. 50 125
1st preferred
130
.100 105
Preferred
50 125
2d
135
preferred
ioo 100
Bond A Mtge Guar
United Bk Note Corp. 50 *40
100 240 250
155
Borden's Cond Milk. .100 113
Preferred
50 *50
11412
91
Preferred
100 103
66
10412 United Cigar Mfrs..._100
British Col Copper
• Preferred
5
100
*434
102
137
Butte Coalition Mining 15 *17
100
1734 United Copper
412
78
Casein Co of Am com. 100
Preferred
100
15
2l<
234
101
Preferred
100
60
U S Casualty..
63
100 215
138
Casualty Co of Amer.. 100 125 140
U S Envelope com..
48
35
Celluloid Co
100 123
126
112
66
Cent Fireworks com..100
2
U S Finishing
4
97
10<
18
Preferred
100
Preferred
20
30
.10*
107
85
Central Foundry
..100
1st g os 1919
J-.
100
Preferred
92ht
100
Con g 5s 192 9
95
J-.
Deb 6s 1919 op *01.M-N / 35
9914
U S Steel Corporation—
40
100
Chesebrough Mfg Co 100 725 800
Col tr s f 5s '51 opt 'l:
114
107
City Investing Co....100
69
Col tr s f 5s ’51 not op
72
114
Preferred
100 106
U STit Gu A Indem__10i
115
no
9912 3 Claflln (H B) com._ 100
90
105
Exc
104
• 1st preferred
100
90
98
Waterbu.y Co com...
e 2d preferred
100
90
98
Col A Hock CoalAl pt 100
Westchester A Bronx '
6‘5"
1st g 5s 1917
J-J
A Mtge Guar...
160
70
1
86
Col tr 6s Oct 1956..J
70
*136
Westingh’se Air Brake.
90
Consol Car Heating...100
42
vVest
El
A
Exc
45
Mfg 5s—Seei
101
Cons Ry Lgt & Refrlg.100
104
vVorthlng Pump pref-1
96
Consol Rubber Tire
100
V
Preferred .........100
18
26
Debenture 4s 1951 A-O
34
42
/ mat price
81,
7
185
intercontin’t’1 Rubber.100
20l2 21*2
iuternat’l Bank'g Co.100
no
Internat'l Mer Mar—See S tk Ex 1st
9912 International Nickel..100 135
137 '
Preferred
98
.....100
20
92
1st g 5s 1932
9834
A-O
91
93
9612 International Salt__..10o
6
8
1st g 5s 1951
99
A-O t 47
50
97M International Sliver..100
50
75
Preferred
100
10034
110
105
Railroad
Preferred
Vo'
15
75
95
105
*83g
*•>
*634
...
98
28
60
96
833*4
871,
Hackensack
Preferred
Amer
60
10
65
90
103
Water Co
Ref g 4s '52 op '12..J-J
Hall Signal Co com
100
" 100*
93
V2I2
ioo
100
100
11*4
761,
1*4
146
8334
Preferred
5General Chemical.—100
e Preferred
100
Goldfield Consol Mines.10
Gold HUL Copper......
1
Ureene-Cananea
20
Guggenheim Expior'n 100
115
115
75
94
20
60
94
102
95
35
60
29
94
92
143
100
Preferred
...lOo
• Gold 4^3
19-36__ J-D
Electric Boat
100
•
Empire Steel
Ash
757fi
*ll2
Diamond Match Co.100
<9
duPont(EI)deNcmPo
105
65
40
105
105
60
Bid
11
Davb-Daty Copper~Co.l0
e
50
75
K C RyALlght 6s 12.M
976s 9812
Minn & St L g 5s Tl.F-A
97
9834
NYC Lines Eq 5s’10-22 54.80 4.40
4}*s Jan 1911-1925
5434% 4.35
N Y N H A M 5s '10-T2 100
10118
St L A S F4Hs’12op.F-A
9614 9714
5s Mch 1 1913
96
M-S
97
South Ry g 5s 1913..F-A
97
9814
Tidewater 6s, 1913 guar 100
10038
Wabash 4 Hs 1913...M-N
West Telep A T 5s '12.F-A
98l2 99
Westlngh’e El AM 6s 1910
97?8 lOOlg
5% notes Oct 1917.A-O
93
•Ohio Gt Wcom tr ctfs \ See
• Preferred tr
ctfs../
Chic Peo A St L—
74
Prior lien g4 ^s’30. M-S
132
Con mtg g 5s 1930..J-J
98
Income 5s, July 1930
105
Chicago Subway
100
Kansas City Sou 5s Apr 1
100
1950—See Stock Exch
Nat Rys of Mexico—See S
North’n Securities Stubs.
list
Pitts Bess A L E
50
103
Preferred
50
• Railroad Securities Co—
III C stk tr ctfs ser A' 52
12l4 Seaboard Company—
63i2
1st preferred..
100
list
Com A 2d pref—See Bal
Ust
Seaboard Air Line—
Coll 5s ext May 'll.M-S
32
88
West Pac 1st 5s '33..M-S
84l2
Industrial and Miscel.
Adams Exp g 4s 1947 J-D
Ahmeek Mining
25
Alliance Realty
100
American Book
100
101
American Brass
100
list
American Chicle com. 100
162
Preferred
100
Am Graphophone com 100
99
Preferred
...100
103
Amer Hardware
100
Am Malting 6s 1914..J-D
98
50
Amer Press Assoc'n_.100
Am St Found new—See S
6s 1935
101
-.A-O
100
Deb 4s 1923
F-A
American Surety.
50
American Thread pref
5
106
Am Tobacco Co com..100
Amer Typefders com. 100
Preferred
100
43
Deb g 6s 1939
M-N
42
270
103
Industrial and Miscel
Crucible Steel..
100
e Preferred
100
8834
40
Short-Term Notes
Boston.
?
Ferry Companies
B A N Y 1st 6S 1911.J-J
N Y & E R Ferry stk.100
1st 5s 1922
M-N
NYAHob 5s May '46.J-D
Hob Fy 1st 5s 1946 M-N
N Y & N J 5s 1946
J-J
10th & 23d Sts Ferry.100
1st mtge 5s 1919..J-D
EXCHANGES.
July 22 1910.
As'<
list
96
j incw
170
.
-»
list
108
stocli.
]
BOSTON STOCK EXOHANOE-Stock Record, Dally. Weekly and Yearly
*
Monday
July 18.
Saturday
July 16.
*9838 985s
*99<8 100/g
*98*8 983s
*9934 100*4
*222
*222
126
*215
140U
292
*_
*70
223
*125l2 126
*215
140
*292
140
15
74
*70
*38
141
*9834 99
*9978 10078
9938 993s
*9934 10034
222
222
126
223
12534 126
--
*
_
*70
74
*37
—
*85
87
*1434
15U2 15H2
•187
—
1093s
100
162
*9034
152*?
187
187
100
16234
9134
15934 162*8
*91*>8 92&S
*87
*99
*38
101
*412
14*8
120
118
*38
100*? 101
41
101
5
119
*118
118
119
119
*27
9312
*812
1712
94
*5
•-.—
6
141
*5
*139
6
141
8
8
255
8
255
142
80
90
218
17*2
257
144
80
91
218
5*2
•109
110
103l2 103*2
13412 135
*
156
*12
95
156
*140*2
80
90
*216
*5
109
*105
133
♦
156
*1134
_
*10212 10278
*.-__
31*2
*27l2 28
184
49
103
*31
*27*2
182
49
185
49*2
27l2 27*2
70l4 70*2
*116
116*2
*15
16*2
*85
2612
512
109
—-p
133
95
156
12*4
103
3U?
28*4
18334
49
27
*4*2
102
5
147s
14
93*4
*8*2
1093s
100
16134 163
*S07S 90”8
*39
4034
100*2 10134
5
*434
1434 15*4
17*2
6
*139*4 141
*
156
SO
901?
218
8
257
216
*5*4
5*?
*10834
109
*
_
133
95
156
*1134 12*4
102*2 103
*30
3U?
*27*? 28*4
183
183
48
48*2
2612
6
141
*215
*132
*
156
86
86
86
4
4*?
*33
4*2
32
4
32
86
56*2
2H2
5834
2H2
58*8
59*4
21
21
5*2
110
105
134
95
156
*11»4 12*4
10234 103
*31
31*?
28*4 28*4
185
183
27
6934 70*8
70*2
115*8 11534 115*4 116*8
1534 1534
15*2 16
40
161
*434
14*4
100*4
434
1434
5
I5I4
120
*27
93
118
118
132
*27
28
93*4
812
H39i4 141
May’10
141
141
14034
80*s
2561-2
14034
SOI s
90
91
9012
90*2
109
109
105
134
1=132
Last Sale
156
156l2
Last Sale
102*4 103
31
*28
185
31
30
186
8
255
8
pre'tllOO
"100
pref
2,083 Union Pacific
Do
pref
Vermont A Mass
15612
1561?
12
July’10
10234 103
*30
*28
186
31
30
186
4812
4834
26*2
693g
27
27
27
*15
50
50
>
AmerTelep A Teles;._ 100
"*25
"150
214
94
373
190
Woolen.
100
.
Mergentnaler Lino
100
Mexican Telephone.. 10
N E Cotton Yarn
100
Do
pref
100
N E Telephone.
100
Pacific Coast Power.. 100
100
287 Pullman Co
Reece Button-Hole.. 10
Swift A Co
.....100
Torrington, Class A.. 25
5,649
656
6918 18,252
326
11434
87
16l2
40
Do
25
pref....
United Fruit
100
Un Shoe Mach Corp__ 25
Do
pref
25
U S Steel Corp
100
Do
pref
100
West Telep A Teleg_.100
Do
pref...
100
Mining
4!2
5838
4*2
31*2
58*>s
22
22
81
13
6*%
29
7
*1634
.52
11
634
658
29*2
29
7
6*s
17*2
2*4
15
*3
8
10*2
15*2
3*2
8*8
2812
31
10
15
*3
8
30
*2
10l2
15
034
*634
2*4
934
7*4
934
*G34
.55 *.50
* 35
.50
17
17
17
4*?
*31?
4
44
44
43*2
*.50
*.30
h
r.
*
1734
1734
312
10&8
21*2
3*2
10o8
21*2
7
V
*512
I.
j’r
W
sf,
$
*
33
117
*12
*68
16*4
134
983
1*4
1
Jf
*
738
10*8
6
.50
33
118
13
70
b
1734
378
1034
205S
G34
51?
*
*32*2
*115
*12
*68
16*4 *16
37
£5
47
35*4
34
47
4634
234
$
5*4
3*fl
20*2
3
5*?
*105
•1*4
20
258
5*2
103
1%
*1 lo
30*4
678
1434
30*?
*2
10
15
*3
778
30*4
9*4
7
.50
.30
173s
4
43*?
18
378
1078
21*?
378
1078
7
7
21*2
*5*2
512
....
*_
.
32*2
120
*114
13
*12
70
*68
16*? *16*4
13?
7h
10*8
65s
43*?
18*4
9*?
%
*5
7
.55
.50
17
4
938
34*-
*212
315g
934
*1*4
37
G58
8
1*4
43
f.
b
10*?
15*?
3*2
I7g
*434
(*33*2
*20
2*4
*1*2
*47
l
7
16
1»4
93;
1
$
*234
G34
29*?
.50
7*2
978
47*4
434
33*2
K
31
59*8
22*4
61*8
23*4
583s
6:
*.50
37
7*2
97g
60
5
33*?
35
47
3
20
3
6
105
1®4
1&8
9*4
1*4
36
7h
934
50
5
♦33
3334
34
15*8
2*4
634
1534
2*8
10
15
10
16
7*8
1658
2*4
1134
16*8
3*4
3*2
6
*103
*D.l
3*4
8
77S
3134
31*4
91?
9*4
7
7
.50
.50
.30
*.35
1758
175g
4
4
44
43*?
18*4
37«
107s
21*2
7
6
.60
32*?
70
1G34
15s
958
1%
381?
734
934
50
5
34
34*?
3
6
105
1*2
18*4
378
1034
22
7
*6
*
33*4
117
*12
70
17
1&8
9*2
*1*4
3934
734
10
51
5
34
331?
46
2 13-16
201?
44
3
6
105
1*2
22
2;
Last Sale
13*2
1414
*6
7
Last Sale
12
12
1H2
12
18
18
5012
49l2
520
525
15U
16
29,301 Amalgamated Copper 100
25
882 Am Zinc Lead A Sm
Anaconda
25
36
July’10
Arizona
Commercial- 25
14
14
1~720
Atlantic
170
25
6I4
6I4
Bonanza (Dev Col
10
.55
July’10
"620 BosACorbOopASllMg
5
*1H2
12
3,059 Butte-Ba’aklava Cop
10
15
919 Butte Coalition
10
1,303 Calumet A Arizona
26 Calumet A Hecla.... 25
25
65 Centennial
1
100 Cons Mercur Gold....
1,582 Copper Range Con Co 100
20
1,045 Daly-West
1,900 East Butte Cop Min.. 10
12
980 Elm River..
25
2,000 Franklin
5
2.930 Giroux Consolidated.
560 Granby Consolidated. 100
Greene
C&nanea
20
2,417
1,075 Hancock Consolidated 25
...
...
......
...
8
345r
10
7*2
.50
.50
18*2
4*2
...
50
.50
.50
1834
19*8
*4
45
5
45
19=8
4*4
187*
10~s
2334
19*4
4*4
10S4
22*2
7*2
23*2
*5*2
6*4
44
8
7
.50
3334
120
13
72
17
15S
1*2
397s
8*?
10*2
51
5
34*2
35* ?
47
27»
20*2
44
3
6
25
25
...
G78
30
678
47
47
2 13-16
*20
21
*2*4
65s
220 Adventure Con
455 Allouez
1
35
12*2
558
....
*412
35"
13*4
1234 13*4
13*2 14
7
7
558
*534
*6*4
.55
*.50
.55
.52
*.50
11
id4 111?
11*2 111?
1134 12*4
1214 125S
11*8 12
11*8 1134 2:11*2 12
173s 1738
16*2 17
1638 163.S
17*8 18*4
47
47*?
47
48
51
47
4612 47
511
511
520
510
510
620
*510
*
14
14
14"
14
13*2 141?
*14*4
*.... .05
.05
.09
*.05
.07
*—.
*.05
60
60
60
59*2 60
69*2 60
61*?
7
*6l2
6*2
634
634
6*?
6*2
6^4
7
7
6*?
6*2
6&8
65S
6'8
6?s
.40
.40
.40
.40
.45
.40
.40
.40
10
10
10*4
934
10S4
934
9*2 10
*512
• .50
.
13*4
*4*2
35
4
11
8
.50
.50
*18*2
71
*1634
♦15s
912
H2
39*4
8
1012
51
5
*3312
3512
46*4
*212
213g
4212
*212
6
105
♦105
1 *;
H2
1834
*4
5
♦43
19
4412
19
••
10*4
2234
8*4
Last Sale .43
33
119
1212
.50
.50
105s
2414
8*4
235 Helvetia Copper
...
25
25
2,725 Indiana Mining
2,021 Isle Royale (Copper). 25
Keweenaw
616
Copper
25
5
2,077 Kerr Lake.
25
20,501 Lake Copper
918 La Salle Copper
25
25
470 Mass Consol
600 Mayflower
25
395 Mexico Cons MAS.. 10
1,892 Miami Copper..
...
5
400 Michigan
25
500 Mohawk..
25
5
2,321 Nevada Consolidated.
685 New Arcadian Copper.25
1,431 Nlplssing Mines
9,169 North Butte
1.290 North Lake
......
60
July'10
3612 J’ly 14
J’ly 7
Apr 22
Mch 8
104
85
202
Jan
3
Apr 8
Fen 10
143j J’ne30
J’ly 1
Apr 28
13912 Mch 11
76*
149
210
185
25
109
99
Maylv
May 3
May 3
J’ly 6
J’ly 7
155*8 J’ly 6
90
J’ly 22
162
Apr 22
87
May 2
99
J ’ly 6
J’ly 6
98*4 Mch3i
434 J’ly 6
14
J’ly 15
38
115
115
131
26
91
7
16
J’ne 0
J’ne C
J’ne30
J’ly 7
J’ly 1
Mch 18
Mayio
Do
pref
100
Atl Gulf A W I S S L.100
Do
pref
100
Boston Land.
JO
6?8 Mayl*
Cumb Telep A Tele? 100
140
J’ly 5
Dominion Iron A Steel-6534 J ’ne 4
East Boston Land
7i« Apr 14
Edison E'ec Ilium., ioo 4239 Jan 2(j
138
General Electric
J'nc30
100
MassachusettsGasCos 100
76i4 Feb 8
89 May 16
Do
pref...
100
715
48*?
*15
86
i00
Miscellaneous
*..._
104
*132
133
June'10
95
665g
11434
100
100
West End St
Do
pref
215*2
5*4
July’10
10834 109
7034
11534 116*8
I..100
Do
5
*21412
4734
16*?
86
9
200
100
25612 25612
215
215
Last Sale
250
82
512
906
6334 June’10
143
SO
12412 J’ly 19
100
Ga Ry A Electric...1100
Do
pref
100
Maine Central__ _".”l00
Mass Electric Cos.I.'lOO
Do
pref
100
N Y N H A Hartford.100
Northern N H
100
Norwich A Wor
Old Colony
too
Rutland pref
Seattle Electric
100
15 American
Last Sale
8
8
143
80
Fitchburg:, pref
59
4,241
92*2
8*4
*17
1712
Last Sale 3
141
110
265
60 Araer Agricul Chem__l00
Do
264
pref
100
135 Araer Pneu Service
50
Do
pref
50
1,760
191 Amer Sugar Refln.._.100
Do
161
pref
100
*38
10H2
812
1423s 14212
80
80*4
90*2 90*?
142*4 144*4
39
101
13212 133*s
17*2
*
_
1594
1595s 16H2
*90is 91*s
J’neiO
Apr 12
Mayia
J’ne 9
J’ne 20
J’ne 16
J’ly 21
Mch 23
Do
pref
Chic June Ry A USY.100
Do
pref
100
Connecticut River.. 100
__
107*4 July’10
July'10
204
May* 10
1434
J’ly
...
5
15
25
OJibway Mining......25
Old Colony......... 25
25
1.100 Old Dominion
25
344 Osceola
45 Parrott (Silver A Cop) 10
105 Quincy...
25
445 Ray Consol Copper
10
215 Santa Fe (Gold A Cop) 10
1,928 Shannon
670 South Utah MAS
.....
....
....
......
Wolverine.....
...
Wyandot
...
d New stock,
e
....
Ass’t paid,
L2
91
153
J ne23
Mch 22
J’ne30
1114 Jan 15
100
28
27
Jan 24
Mch 30
Jan 18
105*2 Jan 15
46\i J’ly t
2514 J’ly 9
J’ly '12
113*2 J’ne2i>
14
85
Feb 14
Mch 29
4
31
J’ly 13
J’ly 13
56t4 J’ly 12
J’ly 15
J’ly 13
12*4 May 4
20
36
J’ne 30
5
.50
Mch
»
May 4
10
6)4 Feb
8
15&s J’ne30
4434 J’ly 12
500
J’ly
b
1312 J’ly 15
25
25
25
25
16
76
10
48
156
118
270
112
88
201
20
88
9
2
10
J’nelL
J’ly 18
I3i2 May a
3
J’ly 7
734 J’ly 22
28l2 J’ly 15
9*4 J’ly 20
4l2 Mch 8
.50
May b
.30
J’ly 19
17
J'ly 18
3*8 J’ly 12
4312 j’ly 18
17&8 j’ly 6
3*? J’ly 13
9*4 Jan 17
18
J’ne 30
658 J’iy 13
5i2 J’ly 18
.43 J’ly 12
20i2 J’no 15
117
12
66
J’ly 16
J’ly 6
J’iy 5
15*4 J’ly 1
153
301
Sep
11*4 Jau
G0*2 Jau
10
May
4612 Dec
295
143
115
267
Jau
Nov
Jan
128t2 NOV
Jan
7«5
70
j an
Oct
212
L00
35
116
106
204*?
Mch
Jan
Jan
Jan
Mch
Jan
18
1033s Jan
168
7
3
6
2
3
3
Jan 17
lli4 Jan
5S!2 Jan
Nov
Feb
Apr
Dec
26
Apr
00*4 Mch
971? Apr
'll 53
146
200
10.)
rl72?8 Feb
93*? Mch
165
Jan
95ijMch 8
88
Jan
Feb 10
102
Oct
109
48?s Jan 10
Mch 8
104
87s Feb 11
24
Feb U
12/3s Mch 2
124
Mch
2
1433s f’eb 24
391? Mch 19
104*4 Mch 23
ll*?Jan
28
Jan
7
6
Si2 Jan 11
152l2 Mch 71
Mch
4
11&8 Jan 3
160
J’ly 14
1001? Jau
0
8414 MayiS
97
Men 18
2201? Feb 20
634 Mayio
124
115
138*?
100
200
Jan 3
Jan 11
Mch 11
6
Jan
Feb 11
12*4 Apr 14l
10934 Jan 10
3414 Jan 3
31
196
May 6
Mayl9
71*4 Apr 18
31
Jan
4
90*4 Jan
125&8 Jan
3
0
Jan
Jan
6
3
13
94
Feb 1
Feb 2i
‘J034Jan 3
10
58
40l2
5334
5034
1214
Jan 3
jan 3
Jan 3
Jan 14
.70
Mch 2 s
2414 Jan 13
18i4 May25
28i2 Jan 3
103
685
38
85
9
J’ly
8
Apr 29
235
)32i2 Jan
Jan
195
J’ly 21
9i2 J’ne 30
6*g May 2
20
J’ly 6
6s* J’ne 30
14*4 J’ly 19
7
Apr
Jan 7
Jan 3
Jan 19
Jan 6
Mchl6
124i4 Jan
2231? Dec
225
May 31
Apr 14
Apr 7
162*g Mch 14
r!4U
Mch 9
.16
.35
6
Feb 24
Feb L
Jan 20
Jan 3
I25i8 Oct
106
J'na
239*4 Apr
13 5
Dec
98
Jan
100*4 Jan
Jan 17
J’ly
6I4 J’ly 13
Jan 10
133i2Jan
58
0
6
Feb 17
3
7
136*4 Jan
227
152
298
.04
Jau 3
Jau 3
Jan 8
Jan 10
Jan 3
5gMch28
13*4 Jan 3
2i2 Feb 18
22i2 Mch
12i2 Jan 10
HD4 Jau 3
117s Jan 8
3G
Jan 12
57s
4434
2812
6*4
Jan 4
Mch l
Jan 3
Jan 14
11
Jan
5
94*2 Jan 22
19
Jan 14
Wg J an 22
Rg Jan 13
5
29
Jan
Jan
7
4
8*2 Jan 21
Jan 22
271* Jan II
75
l0f>8Jan 12
May26
12
50
Jan
8
257s Mch 7
12*4 Jan 14
134Feb 1
55
166
J an
.Jan
3
13
rll4
xl 17
Mch
24*4 Mch
2*4 Jan
Jan
Nov
Nov
125i4 Feb
27i2 Feb
93t2 Jan
41? Apr
J5I4 Apr
334 Apr
125
Jan
lSt2 Jan
7
245
75
Sep
200*8
Jan
40
J’ne
117*2 Aug
Aug
218*4 Aug
117*4 Aua
175
Apr
98*8 Apr
112
Apr
107
60*4 Aug
105
97r
145*8 Sep
40*8 Aug
108
J’ne
ll'i Sep
260
Apr
Jan
Apr
Jan
Feb
Jan
934 Jan
Jau
May
201?
2414 Jan
126!2 Jau
x54
Mch
28l2 Jau
413. Feb
Aug
173
83Dec
97
Apr
220*4 Dec
3*4 Oct
125
Oct
118
Oct
139
Sep
108
199
12
114*?
34
35
170
71
131
1J
96
47g Oct
Jan
Feb
62
34
65
23
Mch
38is
Feb
11*4 Dec
33*8 NOV
Jan
Aur
44i2 Sep
J35 Jan
8634 NOV
12
Feb
Feb
Feb
14*8 Nov
Dec
7*2 Aug
38
"2218
"33*4
Apr
2*2 May
7*2 Apr
16
Jan
10*4 J’iy
414 Mch
r7*4
9*8
74*4
19*s
18*4
Feb
Dec
Aug
Deo
Dec
May
1
Deo
6
Nov
28i8 Deo
13*4 Mch
70*8 Jan
30
Nov
8*s Deo
13
Sep
85*4 Jan
,30
Apr
3*? Apr
12*4 Feb
534 Oct
x57i2 J'ly
16*2 Feb
31? Nov
97s Oct
Dec
4*2 Mch
5*4 Nov
47
117s Aug
141* Dec
J ne
47*4 Feb
00
50
170
Dec
99
Jan
Aug
Dec
86*4 J’no
Feb
Dec
Dec
Jan
I3i2 Feb
3*4 Jan 19
G8i4 Jan 14 ’"34 Jan
18
Jan 12
13*8 Nov
165gJan 10
127j Apr
78
Jan b
62
J 'ly
ll*8Jan 3
9*4 Dec
28
Jan
4034 Feb 15
Mch
16*8 Apr
2i2 Jan
10
Aug
12i4 Nov
1101* Dec
—bYNov-
18
May
Dec
119
695
8*4 Sep
6i2 Deo
.40
Oct 1
Dec
Dec
5134 Dec
Jan
18
£0
24
73g J’ne
90
9
Dec
Nov
Dec
Oct
40*? Deo
54
Dec
17*a J’ly
13
Sep
Aug
10*2 May
Oct
96*2 NOV
Feb
J iy
Feb
8
Sep
21*8 Feb
96*4 May
585
Feb
29
Feb
J’ne
.10
68*2 Feb
7l2 May
7i2 Feb
1
Oct
Oct
Aug
31*4 Sep
947s Oct
Feb
Jau
Mch
30
8
.45
Aug
Jan
100
107
6U
76
J’ly
Feb
2^i2 Nov
136
Apr
131
Apr
Jan
I26i4 Jan
158
215
Oct
Nov
Dec
J’ne
80
Jau
20212 Men
63
93
14i? Men
(6*4 Oct
162
J'nc
123
J'ly
275
Mch
136
Feb
102
Dec
88’? Sco
195*4 Jan
19
Oct
84
N ov
»747fi J’ne
149
Aug
31*2
8*4
147*2
713j
137r
1503s Feb
59
Jan
2
Jan
Feb
771? Nov
Jan
Jan
5.=>g J an
94
122
19
83
21*4 Jan
92
3314
22
Mch
Ncv
~27g jan"
177| Jan
*
67
"Deo”
18t2 May
181* J’ly
90
Feb
33*2 J’ly 20
55
53*8 Jan
39
44
Feb
48
17&S Jan
301* Nov
59
Sep
Jan
64
6I4 Jan
4
Oct
6*4 Jan
49*4 Nov
2*2
Co..... 1C
........
10312 J’ly 16
33
Do
pref..
1,230 Utah-Apex Mining...
477 Utah Consolidated...
Utah Copper
Victoria
Winona
3
108*4 J’ly 22
25
2,888'
130
705
365
85
85
234 Jan
25
25
Superior
25
Superior A Boston Min 10
1,697 SuperiorAPItts Copp. 10
.......
4
U2 J’no30
8*4 J’ly b
1*4 J’ne30
36
J’ly 19
738 J’ly 14
9
J’ly 5
45*2 J’ne 2
4*4 J’ly 18
10
880
490
120 Tamarack
290 Trinity
300 UnitedStatesCoalAOil
5,322 U S Smelt Ref A Min.
214i4 Jan
12ji8 Jan
10414 Jan
234
Highest
Lowest
Highest
J'ne30
.
86
11812 119
9334
*17
*5
*139
8
8
*734
256*? 257
80
90
*216
*5
109
*105
133
Mch’10
126
15
15
79
79
151
152
15H2 153
Last Sale 140
Mch’10
Last Sale 210 June’10
188
187
187
Last Sale 27
July’10
Last Sale 110
July’10
*99
*99
100
100
1434
120
29
93*2
*8*2
9334
69
—
187
*28
28
*17
*5
270
*125
Railroads
_
.
lioif July' 10
79
120
119*2 120*2 *119
119
119
1187a 119
132*4 13234 132*? 133
*27
Last Sale
Last Sale
125
125
Last Sale
Last Sale
Last Sale
.
921,
100 Atch Top & Santa Fe.100
Do
pref
.100
9914
Boston A Albany....100 218
Boston Elevated..
100 125
Boston & Lowell
100 215
Boston & Maine
134
100
Boston & Providence. 100 c292
Boston Suburban El Cos.
14
Do
70
100
prel
Boston & Wore Elec Co
8
....
90
90
Last Sale 163
June’10
88
88
88
88
87*2 87*?
*100*8 IOO*? ‘100
IOOI2 100*2 10012
40*?
40
*100
132*4 13234
2634 2634
93*4 94
*8*2
17*2 17*2
13212 133
*5l4
100*2 100*2
434
1434
434
1434
1434
121
8
257
*142
80
91
•216
161*2 162
*90*2 92*2
*100*8 100*?
79
*99
87
87
88
100
15*4
79
*
100
*09
15*4
*----
1093g
*
100
*99
87
151*2 152*2
1513s 151*2
187
1093fi
*
15
80
15
*79
79
151
*85
87
*85
15
80
*1434
79"
79
87
9734
__
—-
Lowest
..
97*4
9914
....
*
292
15
*37
37*8
37*8
**140
....
Friday
July 22
Thursday
July 21
99U
Week
Shares
Range lor Previous X ear
(1909)
Range Since Jan. 1
BOSTON STOCK
EXCHANGE
O'
Last Sale 1003s July’10
223
223
223
222*? £222
126
126
126
126
126
215
Last Sale 215
July'10
140
141
140
140
292
292
292
Last Sale 14
15
July'10
74
70
*70
70
74
Last Sale 8
April'10
*37
*37
I2612 12434 12484 124*2 12434 1241? 12412
107*? *107
1071? *107
1071?
107*? *107
*__.
•107
*85
*
Wednesday
July 20.
*215
140*4 *140
*
292
*
15
74
*70
,
14l"“
„
223
126
Tuesday
July 19.
SI OCRS
bales
Jit
SHAKE PRICKS—NOT PER CENTUM PRICES
18i2
1.3934
2*2
5
1C2
13s
Mch 31
J’ly 20
J ly 22
J’neao
J’ne30
J’ly 22
J ly 13
J’ly 12
May 5
b Ex-stock dlv.
46
Jan
Jan
87*4 Feb
cui2 Jan
39*4 Feb
534 Jan R
15
150
3
Oct
Jan 14
4*4 Apr
Jan sR 130 Mch
334 Jan lety
2
Oct
If Ex nghta.
a
66
6
Oct
Nov
Dec
rl»*4 Deo
Aug
158
4
Jan
Ux-dlv. and righta,
Boston Bond Record
July 23 1910.
Friday
July 22
liid
Am Acrionl Chem 1st Os..1928 A-O
Am Teleu A Tel coll tr 4s. 1929 J-J
Convertible 4»
1980 M-S
Am Writ Pauer lsts t6sg 1919: J- J
Am Zinc LA S deb 6s.... 1915 M-N
Ariz Com Coy 1st conv 6s 1918 M-S
Aten Ton A S Jffegen g 4s.. 1995 A-O
Adjustment g 4s....J’ly 1995 Nov
-
89 4
100
100
jo
119
Q-F
87
85*4
A-O!
A-O
M-N
F-A
M-N |
ji;
98*2 98*2
101 *2 101*4
99 »a 99*4
....
M-S!
I
J-Jj
07
100
100
99
100
93*2
1927*M-S'
864
100*4 100*2 10 100*8
I 91 Apr’10 ..JI 91
115*2 Jan’10 ...' 115*2
T26
Feb’05
1 99
May’iO
J’ly’10
IlOO
pay* accrued interest In
v
100
Mar’10
96*2 J’ne’io'
1103 4 Api '05
96*2
9834
Apr'081
Mar’09
Hil
97 *s
Cons 1st 4s
July 18
July 16
Wednesday
July 19
July 20
Friday
July 22
*69
*87
127
127
1264 126 4
*
40
21
43
*40
14V
*
126
•19
*40
126
♦
204
*194 20 4
42
43
42
43
42
*43
4234
•114
114
114
40 4
24
49 4
49 4
24
2334
70
70
494
234
70
7*2 4
734
724
634
64
244
704
84
194
•90
•444
444
144 144
*184 10
714 714
*84
64
70
84
♦184
90
11*4
.
42
43 4
XIV
114
494
60
24
24
70
70
84
19
01
734
034 64
44
444
144 143,
1W4 194
6916ie 714
87i« 87ie
444 444
♦
19
91
73
*184
64
44
644
64
*43
144
144
*184
91
724
8*4
45
814
814
814
PillljADEDPilLA
14 4
144
*194
414
204
43
*114
494
244
694
84
16 4
91
71
64*4 63l6io
44
144
144
10
*134 10 4
71»ie 70**18 714
♦84
84
»4
45
♦44 4 454
82
82
82
704
45 4
19
91
Bid
Ask
126
125 4126
42
*19
42
434
1 i 78
♦11*4
70
84
184
01
724
84
PUlliA DELPHI A
Bonils
72
Choo A Me 1st 5s 1949 J-J
Ch Ok A G geu 5sT9 J-J
20
15
1934
Pennsyi BBreceipts....
Pennsylvania Salt
60
Pennsylvania
eel.. 100
Preferred
luo
Pluia Co (Pitts) pref...60
Phil German A Norris.60
Phila Traction
60
Hallways General
10
Preferred
•Bid and
asked;
703ie
9,887
84
8 l4
434 444
814
82
Bid |
814
15
13»s
16
6L
Annuity 6s
126
98*4
10834 109
105*2 1064
42*2 43
147
148
84
844
io
,
82
03
904
1004 1004
1464
004
People’s Tr tr certs 4s ’48
| P Co lstdb col tr 5s’49 M-S
”96’
no sales on this
day.
Con& col tr 5s 1051M-N
| Phil Eleo gold trust otfs.
I
Trust certifs 4s
j P & E gen M 6 g '20.A-O
j Gen M 4s g 1920..A&O
1JEx-rl£hts.
U $15 paid,
sea
103
05
102
7534
103
954
102 4
76
084
t $124 paid.
9934
118
93*2
92
103
l’ne’081
97*4
9934
99 *t»
99
luov
1004
1'
100*4 105
Feb’09
100*2 Sep *08
H
77 Apr’10
98*2 May’iO
131
134
105
103
107*2 Nov’05
102
Mai *02
78*2 Apr TO
103*2 Mar’10
) 78*2 78*2
100», Mar’10
99 7s Apr’10
957g
96
144
134
95*2
98
95
110
J| 99 4
JjlU84
.
9G
Mar’10
J’ly’10'
98*4 J’ly To!
101 »4 J’ne’09)
98*a Apr T0l
95
103*2 104*4
| 96
.." 100^4 i0034
108*8 Apr’10
96
155
103
135
1164 1168s
98*a 99
May’10!
Apr’07
96
97
79*2
98*2 102
134
idar’10
Dec’08
99
102*4
104
| 77
'
1347e Mar’10
101
Apr’09
98 7s Sep ’09
1163s Feb TO
10U4
109®s
2' 954 964
..'1153
160
..' 101*2 105*2
..! 97
98*4
Apr’lOi
95*2
12
943s Jan’lu
98*2
99*«
98
99
94*2
943s
99
944
1j Flat price.
Daily, Weekly, Yearly
below)
Range Since
Range tor Previous
Jan 1
Year(1202)
I
Lowest
Highest
Highest
Lowest
Mar21 60
May23
30
Mai 48
Mari Li 90
J’ly J 41 76 Mar 89
Jau h 132
Feu28' 100
Jan 121 *2
Feb 8 27 *4 Jan 3
1134 Feb 28*4
Jan 25 47
Jau 8
22 34 Feb 48
May 3 15*2 J’ly 16
y34 Feb 14 *2
653
18
J’nel7
41a4 J’ly 21
41*2 J’ne3o
liagJTy l
J’neiO
42
197b J’ne30
66*4 J’ly 6
7
Keystone Telephone... 50
J’ly 6
Dane Superior Gorp....l00 16*a J’ne30
DemghC A Nav tr ctls. 50 86 J ’ne3u
Lehigh Valley
60 5fd9V J’ne30
Pennsylvania HR
&o 634J’ly 6
Philadelp’aCo(Pltteb). 60 42 J’ne3u
Philadelphia Eleetncu. 26 J137* Feu 3
Phils Bapid Transit... 60 i5
Apr 28
Beading
60 69 J’ly 22
Tonopah Mining
1
6*2 J an 2"
1,071 Union Traction
2,510 United Gas Impt
50
60
42
x80
Ph A Bead 2d 6s *88. A-O
Con M 7s 1011
J-D
Ex Imp M 4s g '47. A-O
Terminal 5s g 1941 .Q-F
P W A B col tr 4s '21. J-J
l
102
116
i*164'
*984
101
73
794
**89 4
lnactivs Stocks
Ala Cons CoaiA Iron. 100
Pref
100
Atlanta A Charlotte.. 100
Atlan CoastL (Conn)lOO
Canton Co
100
Cons Cot Dock Coir...60
Preferred
60
Georgia Sou & Fla...100
1st pref....;...
loo
2d pref
100
G-B-S Brewing
100
Betels
Prices are all" and
74
80
90*4
Exchange 34s 1930 J-J
Balt A P 1st Osml’ll A-O
B S P A O lst4 4S '53F-A
Balt Trao 1st 5s..'29 M-N
No Balt Div 5s 1942 J-D
Cent’l By oon5sl932 M-N
Ext A Imp 68.1932 M-S
*$134 paid.
$ $35 paid.
30
70
”””
130
*2*6”
‘*92**
3
1004
94
101
Jan
Jau
3
Dec
25
6
4438 J’ly
53*2 Jau 10] 327a Feu
12*2 Jau 14 xlo7g Jan
64*4 Marlll 43 Jan
34*8 Jan 29
15*2 Jan
84*4 Jan 10 53 Jau
Deo
May
Deo
Deo
Deo
Deo
13
o&nlu
28*4 Jan
3
123
Jan 7
121*4 Marls
693io Mar 9
53 *4 Jan 8
16*4 MarlS
28 *2 Jan 3
86
Febltt
9i10Mayl3,
52V Jau 3l
95*8 Jan
10[
43
Jan
48
Deo
49 4 Deo
12 \ J’ly
Jan
Feb
63*2 J’ly
33*4 Dec
84*2 Deo
16
Apr
33 4 May
125*2 Deo
113
8ep
Feb
40*2 Feb
754 Sep
5178 Dec
11 *4 Feb
24 7% Jau
69 *2 Feb
64 jan
14 *8 Deo
36*a Apr
86*4 Sep
9 *2
14 V
96
67
63 'e
Jau
J an
507s Jan
844 .u«o
BALTUJORE
7*3la Mar
68 7a May
95 *2 Deo
Bid I Ask
102*4
93
Chari C A A 2d 7s'10 A-O
City A Bub 1st 6s..’22 J-D
City A bub(Was)lst 5s’48
Coal A 1 By 1st 5s’20F-A
ColAGrnvlst6s.l9l6J-J
Consol Qas 6b...1910 J-D
6s
...1939 J-D
Ga A Ala 1st con 5s ’45 J-J
Ga Car A N 1st 6s g ’29 J-J
Georgia P 1st 6s...'22 J-J
GaSo A Fla 1st ds 1945J-J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M.-N
KnoxvTrac 1st 5s ’28A-0
LakeB El 1st gu5s’42M-S
Macon ByALtlst5s’53 J-J
Memphis St 1st 5s’45 J-J
MetSt< Wash)lst5s’25F A
Mt
2194
1
28
50
1 Chas City By 1st ds’23 J -J
10241 Clias By G A El 6s ’99 M-8
994 1004
Portland By 1st 6s 1930.
sf 5s 1926..
M-N
U Trao Pit gen 6s *07 J-J
Welsbaoh s 16s 1080. J-D
Wlks-B GAE ooo5s’66J-J
Apr 28
J’neJO
Ask:
Bid
interest”
AnaoosUa A Pot 6s
Atl A Ch ext 4 4s TO.J-J
Atlan C L KK4sl962M-S
Atl Coast L<Ct)etfs 6s J-D
Ctfs of inaebt 4s....J-J
6-20 yr 4s 1925
.J-J
Balt CP ass 1st 5s '11 M-N
Bait Fundg 6a.l916M^N
Penu Steel 1st 5s ’17 M-N
l
..1113
.Ji 93
4 | 91
..‘102
92
Mar TO
102
BALTIMORE
49V 604
1004 1014
96
Stocks
Koch Ry<& L oon 6s '64J-J
Spanish-Am Ir 6s ’27 J-J
U Trac lnd gen 5s’19.J-J
Un Bys Tr ctfs 4s’49J&J
United Bys Inv lstoolltx
i
245
*‘*0*4 To’
52 4
J-D
Gen cons 4s 2003.M-N
Leh V Tran oon 4s ’85 J-D
N ew Con Gas 5s 1948 J -D
Newark Pass con os 1980
NY Plidfc No 1st 4s ’39 J-J
Income 4s 1939...M-N
NoOluoTrac con5sT9.J-J
Penn gen 6s 1910... Var
Consol 6s 1919
Var
Penn A MU Steel con 6s.
Pa A NY Can 6s ’39-A-O
Con 4s 1939
A-O
034
iuh*C i'uT*
24.8
10534
Leh V ext 4s 1st 1948.J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
68
67*2
60*a
Eq 11 Gas-D 1st g 5s 1928
Indianapolis By 4s.l933
89 a4
..II 99 V
(Far Bonds and Inactive
Ask
1024
102 4
Lehigh Nav 44s '14.Q-J
BRs 4s g
1914.Q-F
Geu M 44a g.l924.0-F
Leh V C 1st 6s g ’38..J-J
Busqueii Iron A Steel..5
Tidewater Steel
id
Union Tr ot lnd
loo
United N J KB A C.. 100
Unit Trac Pitts prei..60
Warwick Iron A Steel. 10
West Jersey A SeaSli.60
Westmoreland Coal....50
Wilkes Gas A Elec..100
1,638
2,745
Con Trac of N J 1st 6s.’33
E A A 1st M 5s 1920 M-N
Elec A Peo Tr stk tr ctfs
Interstate 4s 1943 ..F-A
84
lo
Little Schuylkill
60
Minehill A Schuyl H..60
N Haven Iron A Steel.6
Northern Central
60
North Pennsylvania..60
123
14*8
ib4
Col St By 1st oon 5s 1932
tc...60
60
43 4
Berg* EBrw 1st 6s’21 J-J
Betnle Steel 6s 1998.<J-F
80
79*4
KeystoneWatchCase.100
c
714 16,514
1,969
AnvRysoonvSs 1911.J-D'
Atl City 1st 5s g '19.M-N
Indianapolis St
v
9134
70
714
45
82
Prices are all *• and
interestu
Alt ALVEleo 4 4s’S3.F-A
Am Gas & Elec 5s’07.F-Ai
Leli Vail Tran
Preferred v t
Lit Brothers
904
75
644 63**ie 64
Allegheny Vai prel....50
100
Indiana U mou Tr.... 100
Insurance Co of N A.. 10
Inter ttm Pow A Chem.60
Keystone Telephone ..50
Preferred
60
114
49
24
674
69
-J 1'3*« 97
102*2Aug’04'
10034
ACTIVE STOCKS
50
243 American Bailways.... 60
1,264 Cambria Steel...
50
200 Electric Co ol America 10
115 Elec Storage Battery..]00
810 Gen Asphalt tr ctls ....100
Do
1,216
pref tr ctls ....100
420
174
J’ly TO
10 i
Philadelphia
18
19
93
92
* No price Friday; latest bid and asked.
American Cement
*a
43 4
144
\JjOw High
3. 100
97*4
98 I 11
99*6 Apr TO* ....!
Algrg4s.l947| J-J
__
18
144
J’ne’io
115
1918'M-S
Baltimore
Con. Gas EL L. A Pow.100 46
Do
pref
100 80
244 Northern Central
60115
Seaboard (new)..
100 22
Do
2d pref
.100 43
860 United By A Electric.. 50 124
694
84
44
82
42
43
224
684
144
184
604
83ie
20
49
44
444
21
42
15 4
42 4
49 s
24 4
inactive Stocks
Amal Asbestos Corp.100
Preferred
100
American Milling
10
Amer PipeMfg
100
Bell Telephone (Pa).lOO
Cambria Iron
50
Central Coal A Coke. 100
Consol Trao of N J...100
Easton Con Electric 6.50
Ft Wayne &W V
100
Germantown Pass
60
61
144
the
\ Week
[Shares
83
♦20
*40
724 73*4
444
*184
*44 4
904
126
43 4
14 4
194
434
114
494
244
704
84
194
914
•48 4
144
144
43 4
434
•114
*
42
144
144
1264126 4
.Vo
Since
1134 Nov’Odl
101*4 Sep ’05|
Colony gold 4s
1924 F-A
Oreg By * Nav con g4s.. 1946) J-D
Oreg SU Dine 1st g 6s
1922 F-A
Pere Marquette deb g 6s.. 1912; J - J
ltepub Valley lets t 6s...l9l9|J-J
Rutland 1st con gen 4*28.1941 J-J
Sales
Thursday
July 21
93
104
Old
addition to the purchase prioe for all Boston Bonds.
i
of
Tuesday
January 1
96*2
Share Prices—Not Per Centum Prices
Monday
93*2
113
Range
si
aj-o
High
loo
Apr’08
i PS1® Mai’10
99*4 Feb’10
A-O
20-year conv 4s
1927) J-J
Unitea Fruit gen s 14*28.1923 J-J
U S Coal* Oil 1st s I 6s..l93ti‘M-N
U S Steel Cory 10-60 yr 6s. 1963 M-N
West End Street By 4s.... 1915'F-A
Gold 4*29-.-.
1914 M-S
Gold deoenture 4s
1916 M-N
Gold 4s
1917 F-A
Western Teleph * Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
or
ASK\Low
93
92
101
A-O1
"23
looyioo
'117
J-D
M-N
M-8
M-S
Philadelphia and Baltimore Stock Exchanges—Stock Record,
Saturday
Range
1912 A-O
•
•
Last Sale
A O!
Torrington let g6s
90
Friday
July 22
Bia
104
99
Week’s
A-O, 100
100*2
„
Price
A-0!
Butland-Canadian 1st 4s1949 J-J
Savannah Elec 1st cons 5s.l952l J-J
Seattle Elec 1st g 5s
1930; F-A
Shannon-Ariz 1st g 6s
19191M-N
Terre Haute Elec g os
1929 J -J
99
89
94*a
94>u
**
Illinois Steel deben 5s....1913
la Falls ASioux Cist 7s.. 1917
Kan C Clin A Syr 1st 5s... 1925
Kan C Ft SA Gulf ext 5»..1911
Kan C Ft Scott A M 6s....1928
KanOMAIt gen4s
1934
Assented income 5s
1934
Kan C&MKy&Br 1st 5sl929
Maine cent cons 1st 7s...1912
Union Pao BB
Anr’10 ....l
1140 Ayr’05
953, sale I 95
95V
| 94V
94V)
i92ljQ-J|
99
834
101 »4
927s
115*2
I 91 Dco’07
1112*4 Jan’03
100*4 Aug’09
1133
GtNorOB AQooUtr4sl92IJ-J
994
i 864May'10
I 96
1933 A-O,
99
Oct’09
99
99
89
98
103
lll3*aMay'10 ...J 113*2 114
| 85 J’ly’10....' 85
88
11103 Oct ’07'...
I 98*« J’ne’101...
'101:*4 Mar’101..
I 99*«FebT0
1 99 Mar* 10
1915 M-S
Note—Buyer
91103
100
M-N
Fremt Elk & Mo V 1st 6s.. 1933 A-O
Begistered4s
65
.
f 6s..1940 M-N
Unstamped 1st 6s
65
BONlhi
BOSTON STOCK EXCH’GE
Week Ending July 22
Maro Hough * Ont xst 68.1925 A-O
Mass Gas4*2S
1929 J-J
Mich Teieylst os
..1917IJ- J
Minne Gen Elec con g 5s 1929; J-J
New Eng Cot Yarn 5s. ...1929 F-A
New Eng Teleyh 6s
1915 A-O
5s
1916 A-O
New England cons g 5s... 1945 .J - J
Boston Term 1st 4s
1930 A-O
New Eiver (The) conv 5s. 1934 J - J
NYNh&tl Con deb 3*2Sl956i J• J
Conv deb 6» (ctls)
1948'J-J
.
.
Cudahy Pack(The)lstg 5s 1924 M-N
Current Elver 1st 5s
I9ai A-O
DetGrBapAW 1st 4s... 1946'A-O
4s
944
Deo '09
Feb’04*,
'100*4 Mar’09
'104 *2 Oct ’081.
ill2*a Jan»03
103
JCeb'lOi.
100
J’ne’011.
-
Fitchburg 4s
94
110
Ry A 8tk Yds 5s .1915 J-J! 100*4 Sale
s
100
152
187*u
98*4 101 V
88*2 94*«
..
Mar’lOj
117*a Feb’10
65
Coll trust refunding g4sl940! A-O;
Ch Mil & St P Dub D 6s..1920 J • J!
ChM A HtP Wia V div 6sl920'J J i
Chit A No Mien 1st gu 5s. i93i M-N
Ohio AW Mich gen 6s....1921! J-D
Concord* Mont cons 4s.. 192u'J-D
Conn * Pass H 1st g 4s... 1943 A-O
Dominion Coal let
93
Feb’10
9i4
101
_
Ohio
January l
98*a J’ly’lOj.
88 *n J’ly ’1 O'
91
91
89
!©s
Since
100
98
182
994
98*i»
89
Atl Gull A W ISS Lines os.’59 J-J
Boston Elect E consol 68.1924 M-S
Boston & Dowell 4s
1910 J-J
Boston A Maine 4 4s
1944' J-J
Boston Terminal 1813*28.1947 F-A
Bur & Mo Biv cons 6s
1918 J.J
Butte A Boston 1st Os....1917 AO
Butte ElecAPow Istg5s.l951 J-D
Cedar Kay A Mo 111st 7s. 1910
Cent Vermt 1st g4s..Mayl920
C B &
Iowa Div 1st 6s. 1919
Iowa Div 1st 4s
1919
Debenture 5s
1913
Denver Exten 4s
1922
Nebraska Exten 4s
1927
B ASWsf 4s
1921
Illinois Div 3*28
1949
87 4
os** ioa*
J’ly 1995 M-N
1..1955 J-D
1917 J-D
stamped
60-year conv 4s
10-year conv 5s
1004
894*aJs
Range
High SOaLow High
100V l^!il00*4 103
89a4
89*2 93*4
100
99»b 1<»6
87*4
87*4 87*4
A 8k Low
100*8 Sals
99
fgS
Week’s
Range or
Last Sale
Price
BOSTON STOCK KXCH’ttS
Wkek Ending July 22
1064
1014
106
10734
102
109
106
107
42
102
110 4
96
98
107
Ver Cot Duck 1st 6s.
994
110
72
15
Npt N AO P 1st 5s’38 M-N
Norfolk St 1st 5s’44..J-J
North Cent 44s 1925 A-O
Series A 5s 1926....J-J
Series B 5s 1926....J-J
Pitt Uu Trac 6s 1997. J J
Poto Val 1st 5s 1941..J-J
Sav Fla A West 5s ’34 A-O
Seaboard A L 4s 1950 A-O
Seab A Boau 5s 1926.J-J
South Bound 1st 5s..A-O
UEl LAP 1st 44s’29 M-N
Un By A El 1st 4s ’49 M-S
Income 4s 1949
J-D
102 4
1034 104
106
824 824
105
103
88
89
844
844
684
584
Funding 6s 1936...J-D
VuMid 2d ser 6s '11.M-S
3d series 6s 1916..M-S
4th ser 3-4-5s 1921..M-S
5th series 5s 1926.M-S
92
100
Va (State) 3s new’32.J-J
Fund debt 2-381991. J-J
024 024
West N C con 6s 1914 J J
109
1114 WesVa CAPlst6g’ll J-J
WU A Weld 6S..1935.J-J
106
106
88
994
aBeoeipta. 6 $25 paid. c$30 paid.
107
104
105
100
1084
d$ 12 4 paid.
[VOL.
THE CHRONICLE
808
LuMjestnuent and
LXXXXI
Railroad lixfcelligmcx.
KAIL-ROAD
GROSS
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
can
of those roads whose fiscal year does not begin with July, but
The returns of the electric railways are brought together separately on a subsequent page.
statement to show the fiscal year totals
period
July 1 to Latest Date.
Latest Gross Earnings.
roads.
Week or
Month.
Ala N O So Tex Pac
N O & Nor East.
Ala So Vicksburg.
Vicks Shreve So P
Ala Tenn & North
Atch Top So S Fe
Atlanta Blrm So Atl
Atlantic Coast Line
Current
Year.
June
June
June
.....
.....
.....
May
May
2d wk
May
Bangor So Aroo3took May
Belief onto Central.. June
Boston So Maine
May
Bridgeton So Saco R May
July
.....
...
.....
2d wk
Buff Roch & Pitts.
Buffalo So Susq
Canadian Northern.
Canadian Pacific
Central of Georgia.
Central of N w Jers
Central Vermont
July
April
_
Chattanooga South.
Chesapeake So Ohio.
Chicago So Alton
Chic Burl So Quincy
& Louisv.
8hic
West.
ChicIndGreat
Chic Ind Sc Southern
Chic Mllw So St Paul
Ch Mil & Pug Sd
Chic So North West.
Chic St PM &Om__
Current
Year.
Previous
Year.
$
$
2d wk July
2d wk July
2d wk July
May
May
2d wk July
2d wk July
2d wk July
May
1st wk July
2d wk July
-^See New
May
May
May
May
235.856 3,502,904 3.094,611
283.159
107,468 1,704,919 1,559,559
140,462
103,082 1,452.857 1,398,397
119,601
57,668
79.339
4,339
8,911
9,091,484 8,050,275 96,534,165 86.163,215
Chicago Term
Cln Ham & Dayton May
....
York Cen tral.
5,304,850 4,566,232 59,279,555 54,912,827
May
126,448
783,171
88,018
651,715
949,603
812,144
8,615,502
7,254,620
York Cen tral.
May
Copper Range
April
Cornwall
Cornwall So Leban.
Cuba Railroad
Delaware & Hudson
Del Lack & West..
Denv So Rio Grande
Denver N W & Pac.
Det Tol So Iront syst
Ann Arbor
Detroit & Mackinac
Dul & Iron Range..
Dul Sou Sh Sc Atl__
El Paso Sc Sou West
Erie
Fairchild & Nor JB_
Fonda Johns So Glov
May
194,091 2,153,807
185,165
584,018
280,533
300,331
222,060
30,941
30,658
615,500
55,066
55.117
186,318
15.673
9,539
400,092
35,356
27,467
193,540 2,333,138
232.401
1.736,558 1,721,789 18.322.738
3,079,224 2.819,060 32,811,824
868,300
432,800
446,100
24,789
26,374
24,789
29,453
29,453
26,260
70,522
32,412
33,366
48,160
23,196
22,457
8,996,184
723,874
1,760,886
63,162
63,162
66,250
6,071,891
674,682
50.197,299
4,506,138
23,206
1,642
1,779
825,460
71,396
79,911
220,383
159,623 2,814,171
hern Rail way,
921,045
789,746 1,800,407
126,193
126,193
110,445
39,428
36,133
39,428
41,915
41,915
40,319
5,669,430 4,753,751 64,076.862
159,843
150,525 1,941,119
655,855
396,278 6,873,335
5,043,210 4,518,688 62,378,177
280,000
127,000
143,000
297.350
139,651
159,815
104,771
53,830
63,251
243,887
175,835 2,522,357
888,920
770,137 8,863,194
35,400
26,400
35,400
3,180,360 2,830,346 32,915,031
430,228
55,825
36,627
Inc 1,092,
Inc 116, 596
98,581 1,209,021
114,881
88,006
85,205 1,080,450
1,837,305
959,865
140.462
10.117
745,491
8,146,916
689,899
3,564
36,111
3,381
376,707
33,894
33,733
8,842,231
233,542
7,830,700
147.900
May
May
May
May
____
-
.....
.....
2d wk
July
1st wk July
1st wk July
2d wk July
2d wk July
May
1st wk July
April
May
May
May
Georgia Railroad. May
Georgia South So Fla —See Sout
Grand Trunk Syst. 2d wk July
Grand Trk West. 1st wk July
_
.
Det Gr Hav & Mil
Canada Atlantic.
Great Northern Syst
Gulf & Snip Island.
Hocking Valley
Illinois Central....
Internat So Gr Nor.
a Interoceanlc Mex.
Iowa Central
Kanawha & Mich..
Kansas City South.
K C Mex Sc Orient.
1st wk July
1st wk July
June
.....
May
May
June
id wk July
2d wk July
2d wk July
May
May
1st wk
July
Lehigh Valley
May
Lexington So East.. May
Long Island
May
Louisiana So Arkan. May
Louisv Hend So St L May
s
Louisv Sc Nashv.-_ 2d wk
Macon So Birmlng’m June
Maine Central
May
82,492
89,494
41,246
—See New
July
July
.....
Manistique
May
Maryland Sc Penna. May
a Mexican Internat. 4 th wkJune
Mexican Railway. 3d wk June
—See New York Cen
Michigan Central
Mineral Range
lst-wk July
11,116
Minneap & St Louis 2d wk July
100,470
Missouri Kan So Tex June
1,994,061
Minn St P So S S M 2d wk July
444,019
Chicago Division
74,164
Mississippi Central May
a
N Y C So Hud Rlv May
Lake Shore AMS May
n Lake E So West May
Chic Ind So South May
43.910
3,646
46,985
4,390
370,632
366,868
185,316
201,225
1,908,461
116,571 1,819,719
104,213
586,700
370,500
191,300
291.900
1,928,000 1,621,000 3,950,000 3,232.000
454,600
381,900
189,700
235.400
2,409,530 2,000,890 25,724,463 23,415,034
3
3.202.035
470,425
293,526
326,269
2,632
3,567
1,289
1,846
979,490
539,392 1,045,836
567,369
517,825
497,332
262,796
261,761
3,817,653 8,139,750 80,769,043 72,185,863
209.016
218,366
209,016
218,366
208.535
229,101
104,326
110,566
45,806
2,416.692 2,152,584 27,615,290 24,111,047
8,088,755 6,755,964 88,901,252 76.412,856
200,762 2,763,501 2.654.7C4
231,980
66,411
75.407
5,060
8,004
3,610,825 3,339,937 39,692,974 36,079,826
Clev Cln Chic & St L
Colorado Midland
Colorado & South.
Colum Newb So Lau
2d wk
March
Week or
Month.
Michigan Central. May
Cleve C C So St L. May
Peoria So Eastern May
Cincinnati North. May
Pitts So Lake Erie May
Rutland
May
N Y Chic So St L_ May
Tot all lines above May
Tol So Ohio Cent. May
N Y Ont So Western May
N Y N H So Hartf.. May
N Y Susq & West.. May
Norfolk Southern.. May
Norfolk So Western. May
Northern Central.. May
Northern Pacific
May
Pacific Coast Co
May
Pennsylvania Co
May
d Penn—E Of P So E May
d West of P So E_ May
Pere Marquette
May
Phlla Balt So Wash. May
....
1,397,412
6,077,305 5,274~382 67,598" 8 74 60,306*934
1,168,593 1,011,354 13,810,686 12,381,012
Trans March
_
ROADS.
2,123,740
558,098
221,921
625.160
95,645
300,885
1,960,461
17,362.205
30,670,483
863,300
26,374
26,260
71,429
45,488
5,798,886
66,250
6,013.350
811,967
.
46,020,293
18,983
704,134
2,571,853
1,558,155
110,445
36,133
40,319
53,658,463
1,732,805
5,409.396
57,145,512
47,328
1,354,065
26,214
...
.....
.....
.....
...
...
.....
...
.....
...
.....
324,633
121,849
1,971,719
8,140,513
26,400
5
$
197857693
309,797 3,873,635
641,556 7,785,924
4,761,765 55,265,485
261,112 3,186,06)
2,444,977
2,521,664 12,061,947
982,065 11,812,946
5,451,907 37,750,744
598,423 7 182,884
3,748,945 48,315,893
3,777,860
7,570,841
49,520.363
3,019,806
419.594
752,985
5,391,264
280,241
228,264
3,052,689
1,045,065
6,559,387
638,623
4.816.621
1,322,130 1,147,005 14,696,030 12,973,887
1,714,258 1,547,158 16,586,232 15,408,532
2,789,119 2,428,318 33,561,274 27,534,894
11,409
128,738
12,000
146,181
July
227,382
76,456
9,725
2,101,475
305,934
740,230
881,019
1,832,373
722,659
18,944
13,125
23,382
4,931,411 4,740,911 60,179,709 55,741,416
115.285 1,503,431
1,464,970
126,098
3.170.249 2,989,684 38,020,133 34,696,825
779,301
787,822 10,809.617 9,451,491
200,852
156,893 2,259,233 1,937,316
May
May
4,150,401 3,934,398 51,088,983 46,085,632
2d wk July
350,203
196,200
165,537
39n, 9,J
May
697,922 5,603.893 6,695,179
303,209
...
.....
2d wk
July
May
346,602
133,228
11459 127
May
2d wk July 1,049,922
2d wk July
182.595
2d wk July
162,660
2d wk July
75,016
2d wk July
43,410
June
61,510
2d wk July
251,187
May
102,775
July
July
19,069
70,437
7,048
7.535.249
June
2d wk
July
May
May
June
May
May
June
1,272,833
825,266
90,587
514,384
647,824
507,550
645,190
2,924
17,682
753,516
953,138
171,072
137,690
2,141,705
356,547
325,611
1,090,567
1,944,472
331,397
278,310
122,712
75,880
59,328
148,519
88,655
37,940
65,737 1,014,276 1,164,481
486,038
447,513
230,558
76,196
68,481
6,678
15,369
15,369
19,069
133,596
146,692
75,665
7,112
77,886
75,151
6,517,785 82,719,139 71,886,284
708.285 8,960,446 8,064,739
80,435 1,196,194 1,136,286
462,886 1,026,839
967,883
496,360 6,492,180 5,456,251
449,250 5,417,934 4,927,534
593,702 6,950,437
5,633,645
2,221
14,969
287,069
248,148
663.410 10,388,906 10,035,257
Current
Period.
Various Fiscal Years.
646,630
9,972,593 123728 194 110124 420
8,753
1st wk
2d wk
May
30,211,292
376,260
26,581,651
10,648.846
62,313,050
5,918,131
37,465,559
13771 933 12032 133 150091 103 129838703
Inc 17,25 0.300
Inc 1,61 7,100
81,177
Virginia So Sou West
_
S
20833559 18253117 228257496
245,850
Vandalla
Wabash
Western Maryland
W Jersey So Seash..
Wheeling Sc L Erie.
White River (Vt)__
Wrlghtsv & Tenn..
Yazoo So Miss Vail.
246,000
Previous
Year.
4,025,723 3,235.707 41,488,367 36,877,795
2,983,331 2,545,783 31,239,235 32,838,555
7,009,054 5,781,490 72,727,602 69,716,350
...
...
Tomblgbee Valley.. May
Union Pacific Syst. May
Year.
Previous
Year.
358
Bellefonte Central—.—..... Jan 1
Delaware & Hudson.......... Jan 1
1.093,989
939,522
1,657,665
139,512
7,582,416
Jan
Manistique
a
e
42,835
348,217
6,953,284
6,968,300
Mexican Railway
N Y Central So Hudson River.
Lake Shore So Michigan South
n Lake Erie So Western—
Chicago Indiana So Southern.
Michigan Central—
Cleve Cln Chicago So St Louis
Peoria So Eastern—
Cincinnati Northern....—
Pittsburgh So Lake Erie
Rutland
New York Chicago & St Louis
Total all lines (11)
Northern Central
d Penn—East of Pittsb So Erie..
d West of Plttsb & Erie
Phlla Baltimore So Washington.
Plttsb Cln Chicago So St Louis
Rio Grande Junction
Texas So Pacific
West Jersey So Seashore.......
641,165
...
1,753,000 1,589,000
10,610,955 10,224,879
2,414,424 1,980,643
15,^30
18,087
....
.....
2d wk
San Ped L A So S L.
Seaboard Air Line. |
Atlanta So Blrm.}
Florida W Shore j
Southern Indiana.
Southern Pacific Co
Southern Railway..
Mobile So Ohio
Cln NO & TP
Ala Great South.
Georgia So So Fla.
Texas Central
Texas So Pacific
Tidewater So West.
Toledo Peor So West
Toledo St L So West
11,116
13,582
186,279
182,606
26,587,256 25,300.915
902,192
798,038
60,055
.....
.....
Rio Grande South.
/ Evansv So Ter H
Total of all lines.
St Louis Southwest.
1,525,159
294,953
898,878
.....
Current
Year.
89,174,799 80.494,625
44,385,222 37,836.902
5,024,576 4 187,800
3,482,572 2,597,690
26,419,576 23,304.549
26,932,392 23,766,025
3,003,140 2,573,512
1,137,473 1,025.210
15,733,286 10,797,640
2,929,150 2,631,178
814,105 10,035,314 8,642,562
282,087
98,515
Rock Island Lines.. May
St Jos So Grand Isl. May
St Louis So San Fran May
Chic So East Ill.. May
tral.
Mo Pac So Iron Mt]
Central Branch. 2d wk July
928,000
Nashv Chatt So St ] May
1,006,508
a Nat Rys of Mex
2d wk July 1,271,763
7,30-1
Nevada-Cal-Oregon. 2d wk July
446
Nevada Central.... March
N O Great Northern May
153,991
N O Mobile & Chic. 1st wk July
26,214
...
Previous
Year.
7,417,310
3,472,217
372,549
234,221
2,164,970
2,130,103
219,097
78,567
1,088,687
261,291
8.332,291
4,037,469
415,140
273,213
2,354,760
2,321,094
...
June
_
Year.
....
Pitts Cln Chic So StL
Raleigh So Southp't
Reading Company.
Phlla So Reading.
Coal So Iron Co..
Total both cos
Rich Fred So Potom
Rio Grande June
May
May
May
May
April
Current
other
July 1 to IMtest Date.
Latest Gross Earnings.
e
June
(Baltimore So Ohio.
Previous
Year
covers some
55,163
555,342
23,629
to
to
to
to
to
to
to
to
to
to
to
to
to
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Ian
Jan
June 30
M4y 31
May 31
$39,274
8,021,555
16,336
$29,253
7,751.628
16,788
June 21
3,988,700 3,523,800
May 31 38,576,707 34,877,862
31 19,519,335 16,596,550
31
2,147,930 1,782,760
31
1,685,943 1,208,905
31 11,594,479 10,413,316
31 11,782,675 10,335,098
31
1,312,668 1,107,569
31
484,414
442,596
31
6,676,984 4,502,736
31
1,196,773 1,109,464
31
4,630,582 3,930,125
31 99,608,500 86,306,981
31
5,145,292 4,701,192
31 66,686,862 57,562,262
31 Inc 7,959, 500
31
7,430,394 6,944,394
to
to
to
to
to
May
May
May
May
May
May
May
May
May
May
May
May
May
May
May
to
June 30 16,791,691 13,590,100
to
April 30
July 14
May 31
to
to
to
to
383.794
7,919,313
2,050,528
339.019
7,065,681
1,861,328
f
AGGREGATES OF GROSS EARNINGS—Weekly
Weekly Summaries.
Cufnt Year Prev's
$
week
week
week
week
week
week
week
4th week
1st week
2d week
1st
2d
3d
4th
1st
2d
3d
May (45 roads)....
May (46 roads)....
May (45 roads)....
(41
(44
(42
(42
June (44
July (45
July (37
May
June
June
June
12,190,260
12,383,885
12,474,681
roads)
16,484,237
roads)....
roads)....
roads)....
roads)....
12,553,149
13,106,719
13,073,508
17,171,904
roads)
roads)
12,359,231
12.321,351
Year
$
10,473,086
10,762.798
10,784.565
14,038,471
10,954,872
11,239,607
11,348,208
14,859,700
11,133,094
10,766,339
Inc. or Dec.
%
and Monthly.
Cufnl
Monthly Summaries.
$
$
+1,717,174 16.39
+1,621,087 15.06
+ 1,690.116 15.67
+2,445,766 17.42
+ 1.598,277
+ 1,867,112
+ 1,725,300
+ 2,312.204
+ 1,226,137
+ 1,555,012
Year Prev‘s
14.59
16.60
15.15
15.29
11.01
14.44
Month
Month
Month
Month
Month
Month
Month
Month
Month
Month
Sept
Oct
Nov
Dec
1909 (882
1909 (881
1909 (758
1909 (756
Feb
Mch
1910
1910
1910
Apr
1910
Jan
May 1910
June 1910
Year
$
roads). 246,065,956 219,013,703
222,006,184
247,370.951
260,613,053
210,302,219
202,258,490
237,533,005
roads).
roads).
roads)
(740 roads)
(773 roads).
204,916,997
(739roads).
(690 roads). 221,213.902 194.049,806
(725 roads). 230,033,384 198,049,990
(53 roads). 63,572,503 55,215,679
.
.
205,455,121
211,281,504
232,261,182
182,649,825
174,159,723
Inc.
or
Dec.
%
$
+ 27,052,253 12.35
+ 16,551,083 8.05
+36,089,450 17.08
+ 28,351,871 12.21
+ 27,652,394 15.14
+ 28,098,767 16 15
+32,616,008 15.92
+27.164,096 14-00
+31,983,394 I6.25
+ 8,356,824 1^*1
4
&»> *>
a Mexican currency,
e Includes the New York & Ottawa, the St. Lawrence & Adirondack and the Ottawa
d Covers lines directly operated,
N. Y. Ry., the latter of which, being a Canadian road, does not make returns to the Inter-State Commerce Commission,
f Includes Evansville
Indiana HR.
g Includes the Cleveland Lorain & Wheeling Ry. in both years.
« Includes the Northern Ohio RR.
v Includes earnings of MasonClty
So Ft- Dodge and Wise. Minn. Sg Pacific,
s Includes Louisville & Atlantic from July 1 1909 and the Frankfort So Cincinnati from Nov- 1 1909.
July 23 1910.
/fHE CHRONICLE
Latest Gross Earnings by Weeks.—In the table which fol¬
lows we sum up separately the earnings for the second week
of July.
The table.covers 37 roads and shows 14.44% in¬
crease in the aggregate over the same week last year.
Second week of
1910.
July.
Alabama Great SouthernAtlanta Blrm & Atlantic
Buffalo Rochester & Pittsburgh
^Canadian Northern
Canadian Pacific
Central of Georgia
Chattanooga Southern
Chesapeake & Ohio
Chicago & Alton
Chicago Ind & Louisville
■Cine New Orl & Texas Pacific..
Colorado & Southern
Denver & Rio Grande
Detroit & Mackinac
Detroit Toledo & Ironton—
Ann Arbor
-
-
•Georgia Southern & Florida—
Grand Trunk of Canada
1
Grand Trunk Western
[•
Det Grand Haven & Mllw__|
Canada Atlantic
J
International & Great Northern
Interoceanlc of Mexico
Iowa Central
Louisville & Nashville
Minneapolis & St Louis
Mlnneap St Paul & S S M
Chicago Division
1
1909.
Increase.
3
75,016
45,806
201,225
291,900
1,928,000
235,400
1,846
567,369
261,761
110,566
162,660
300,331
446,100
23,196
$
59,328
41,246
185,316
191,300
1,621,000
189,700
1,289
539,392
262,796
104,326
137,690
280,533
432,800
22,457
33,366
43,410
32,412
37,940
5,470
921,045
789,746
131,299
143,000
139,651
53,830
959,865
100,470
444,019
127,000
159,815
63,251
864,395
100,255
16,000
398,738
45,281
928,000
182,595
1,271,763
7,304
13,125
196,200
346,602
1,049,922
251,187
70,437
514,384
826,000
102,000
11,523
358,607
Decrease.
%
15,688
4,560
15,909
100,600
307,000
45,700
-
—
Nevada-Callfornla-Oregon
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway.
Texas & Pacific
Toledo St Louis & Western
Wabash
_.—
171,072
913,156
9,943
9,725
165,537
305,934
953,138
230,558
75,665
462,886
Gross
Current
Year.
Roads.
Canadian Northern
July 1 to May 31
Canadian Paclfic.a
July 1 to May 31
Earnings
Previous
Year.
$
$
May 1,224,900
11,592,600
720,100
8,863,900
-Net EarningsCurrent
Previous
Year.
Year.
$
368,600
3,334,100
%
182,900
2,562,900
May 8,378,114
6,420,640
2,556,264
1,926,860
86,181,673 69,763,166 31,122,040 21,067,148
Central of New Jersey.b.May 2,409,530
2,000,890
1,024,161
711,129
July 1 to May 31
23,724,463 23,415,038 11,677,134
9,957,095
Chesapeake & Ohio.b-.May 2,549,711
2,393,639
891,833
939,257
July 1 to May 31.
28,721,609 24,213,125 11,470,304 9,307,614
Chicago Great West.b.-May 1,050,073
799,994
195,382
89,304
Sept 1 to May 31
9,171,376 8,106,915 2,214,019 1,235,833
Colorado Mldland.a
Apr
181,282
167,835
11,284
2,459
July 1 to Apr 30
1,968,642
1,929,649
265,667
243,160
Colorado & Southern.b.May 1,370,486
1,144,591
393,751
306,707
July 1 to May 31
15,424,743 13,941,145
5,497,969
4,541,624
Copper Range.b
Apr
55,117
55,066
14,290
13,186
July 1 to Apr 30
615,500
625,160
265,973
159,898
Cuba Railroad
232,401
May
193,540
115,088
88,865
July 1 to May 31
2,333,138
1,960,461
996,715
858,442
Delaware & Hudson-b-_May 1,736,558
1,721,789
705,854
728,902
Jan 1 to May 31
8,021,555
7,751,628
3,120,909
2,888,547
Denver & Rio Grande_a.May 1,922,198
1,726,852
624,775
394,618
July 1 to May 31
21,560,651 18,995,804
6,235,314
5,126,508
Duluth So Sh & Atl.b.-May
298,112
246,847
74.112
69,780
July 1 to May 31
2,999,166
2,449,854
933,548
675,204
Erie .a
May 4,506,138
4,289,265
1,271,581
1,264,123
July 1 to May 31
50,197,300 46,020,294 14,146,806 12,091,293
Fonda Johns & Glov.a.-May
79,911
71,396
40,337
36,555
July 1 to May 31.
825,460
704,134
423,184
348,980
Georgia RR
b
May
220,383
159,623
31,889
def2,620
July 1 to May 31
2,814,171
2,571,853
736,115
475,507
_
557
27,977
1,035
6,240
24,970
19,798
13,300
739
954
20,164
9,421
95,470
215
J
Missouri Pacific
Mobile & Ohio
National Railways of Mexico
209
2,639
3,400
30,663
40,668
96,784
20,629
5,228
51,498
Grand Trunk of Canada—
Grand Trunk Ry
May 2,856,149
2,481,429
July 1 to May 31
30,740,715 27,423,497
Grand Trunk Western May
532,882
461,345
July 1 to May 31
5,711,645
5,079,999
Det Gr Hav & Milw__May
165,948
142,102
July 1 to May 31.
1,848,190
1,544,962
Canada Atlantic
176,167
May
154,754
July 1 to May 31
1,878,487
1,645,105
Hocking Valley_b
July 1 to May 31
May
1,028,778
7,607,121
88,084
1,393,715
14.113
408,260
18,979
299,405
927,068
7,401,107
130,423
1,328,974
27,739
324,662
18,979
90,235
128,754
1,747,580
1,264,874
12,094,589
280,997
2,285,842
655,856
396,278
245,664
6,873,336
5,409,396
2,580,521
Illinois Central.a
May 5,064,166 4,665,394
778,750
July 1 to May 31
.57,334,967 52,626,824 11,743,752
For the first week of July our final statement covers 45
<7lnteroceanic of Mexico.May
725,281
783,459
256,972
roads and shows 11.01% increase in the
July 1 to May 31
7,156,634
6,685,603
2,557,446
aggregate over the
Iowa Central.a
same week last year.
May
253,323
227,301
ftdef.224
h24,133
July 1 to May 31
3,094,847
2,771,830
71617,061
ft438,387
Kansas City Southern_b May
888,920
770,137
First week of July.
318,002
299,326
1910.
1909.
Increase. Decrease.
July 1 to May 31.
8,863,194
8,140,513
3,065,738
3,160,151
$
Long Island
%
I
May
Inc 116,596
Inc 47,112
$
$
Jan 1 to May 31
Previously reported (35 roads). 11,636,795 10,458,868 1,249,863
Inc 363,526
Inc 102,740
71,936
Atlanta Blrm & Atlantic
43,688
41,246
2,442
Louisiana & Arkansas.a May
114,881
98,581
46,181
34,535
Chattanooga Southern
1,721
1,343;
378
July 1 to May 31
1,209,021
1,093,989
446,199
326,831
Chesapeake & Ohio.
478,467
440,098
38,369
Hend
&
Lou
St
L.a
Denver Northw & Pacific
May
88,006
85,205
3,539
14,504
24,789
26,374!
1,585
July 1 to May 31
Detroit Toledo & Ironton
1,080,450
939,522
277,636
239,901
29,453
26,260
3,193
Duluth South Shore & Atlantic.
63,162
66,250
Manistiquc b
def 1,162
3,088
May
3,564
3,381
def3,038
Kansas City Mexico & Orient._
35,400
Jan 1 to May 31..^
26,400
9,000
16,336
16,788
def 8 3
def4,319„
Mineral Range
11,116
13,582'
2,466
g Mexican Internat’l
May
777,694
612,608
367,212
297,933
Nevada-Callfornia-Oregon
8,426
9,044'
618
July 1 to May 31
8,081,198
6,356,239
3,429,748
New Orleans Mobile & Chic
2,613,111
26,214
23,629,
2,585
g Mexico Nor West Ry.a.May
208,820
105,789
128,134
43,235
Total (45 roads)
Jan
1
to
May 31
874,195
512,181
12,359,231 11,133,094 1,305,830
499,328
147,226
79,693
Net Increase (11.01%)
Mineral Range.b
1,226,137
May
63,900
66,119
def2,525
4,655
i
July 1 to May 31
763,762
755,806
82,788
119,897
Mlnneap & St Louls.a.-May
388,322
306,571
fc69,054
fc22,570
Net Earnings Monthly to Latest Dates.—In our
July 1 to May 31
4,514,865
3,819,221 fcl ,187,600 kl ,029,405
“Railway
Minn
St
Paul & S S M.a.May 1,196,049
Earnings” Section, which accompanies to-day’s issue of the
987,064
401,643
284,829
July 1 to May 31
.14,068,812 11,536,673
“Chronicle” as a special
5.893.340 4,235,562
we print the May
Chicago Dlvlslon.a
May
798,061
611,978
returns of earnings and expenses
231,286
135,407
(or in the absence of the
July 1 to May 31
8,132,663
6,902,392
2,451,827
1,889,987
May figures those for the latest previous month) of every Mississippi Central_b—May
74,164
60,055
30,415
22,617
July 1 to May 31
811,967
steam-operating railroad in the United States which is
641,165
331,180
247,816
Missouri
Kans
&
Tex.b.May 1,903,990 1,790,523
obliged to make monthly statements to the Inter-State
397,210
568,254
July 1 to May 31
24,593,195 23,410,044
7,135,193
7,049,546
Commerce Commission at
Missouri Pacific.b
May 4,310,238 3,593,815
1,194,609
640,060
The Inter-State Commission returns are all on a uniform
July 1 to May 31
48,795,125 42,629,010 14,194,012 11,612,035
basis, both as to revenues and expenditures, and possess g Nat Rys of Mexico
May 4,912,322 4,441,996 2,174,276 1,970,218
July 1 to May 31
47,372,468 44,474,081 18,764,204 17,772,538
special utility by reason of that fact. In a number of
instances these figures differ from those contained in the Nevada-Cal-Oregon _b..May
33,064
41,827
13,408
26,670
July 1 to May 31
414,040
363,381
213,232
204,606
monthly statements given out by the. companies themselves, New Orleans Gt Nor.a.-May 153,991
64,825
"1,972
25,202
for publication, and in which the accounts are
July 1 to May 31
1,354,065
5 ‘3,436
555,342
94,504
prepared in
C N YCent & Hud RIv_b.May 8,332,291
accordance with old methods of
7,417,310
2,2
,872
2,208,662
grouping and classification
Jan 1 to May 81
38,576,707 34,877,862
8,91
,013
9,255,807
pursued in many instances for years. We bring together
L Shore & Mich So.b.May 4,037,469
3,472,217
1,042,479
1,241,616
here (1) all the roads where there is a substantial difference
Jan 1 to May 31_.
19,519,335 16,596,550
5,930,259
5,714,349
between the two sets of figures, so that those
cL Erie & Western.b-May
415,140
372,549
40,393
47,448
persons who
Jan
1
to
May 31
2,147,930
for any reason may desire to turn to the
1,782,760
460,969
214,280
company statements
Chic Ind & Southern b May
273,213
234,221
64,547
53,008
will find them readily available.
We also give (2) the re¬
Jan 1 to May 31
1,685,943
1,208,905
504,929
270,413
turns of such roads (even where the
Michigan Central. b
May 2,3 54,760 2,164,970
figures correspond
647,165
643,293
Jan 1 to May 31
11,594,479 10,413,316
3,357,807
exactly with those in the Inter-State Commerce reports)
2,999,307
Cleve Cin Ch & StL.b.May 2,321,094
2,130,103
which go beyond the requirements of the Commission and
359,334
568,828
Jan 1 to May 31
11,782,675 10,335,098
2,751,757
2,457,058
publish their fixed charges in addition to earnings and ex¬
Peoria & Eastern.b.-May
282,087
219,097
73,065
53,265
Jan 1 to May 31
penses, or (3) which have a fiscal year different from that of
1,312,668
1,107,569
365,804
254,978
Cine Northern
the Inter-State Commerce
b
98,515
May
78,567
def2,298
4,150
Commission, in which latter case
Jan 1 to May 31
484,414
442,596
88,701
71,818
we insert the road so as to show the
results for the company’s
PIttsb & Lake Erie.b.May 1,525,159
1,088,687
841,163
608,198
own year.
Jan 1 to May 31
We likewise include (4) the few roads which
6,676,984
4,502.736
3,534,005
2,133,117
Rutland.b
operate entirely within State boundaries, and therefore do
May
294,953
261,291
73,047
60,406
Jan 1 to May 31
1,196,773
not report to the Federal
1,109,404
302,833
260,631
and (5) Mexican and
N Y Chic & St L.b. -May
898,878
814,105
282,569
263,958
Canadian companies.
Jan 1 to May 31
We add (6) the roads which have
4,630,582
3,930,125
1,552,82 o
1,059,364
issued their own statements for
Total
all
line
above
b.May20,833,559 18,253,117 5.719.341
May, but have not yet
5,752,832
Jan 1 to May 31
filed
99,608,500 86,306,981 27,768,902 24,691,122
with the Commission.
Toledo & Ohio Cent.b.May
419,594
309,797
158,722
94,832
Finally (7) we give the figures for any roads that have
July 1 to May 31
3,873,635
3,777,869
1,293,932
1,239,606
already submitted their June statement.
N Y Ontario & Wcst.a.May
752,985
641,556
241,487
181,796
July 1 to May 31
Gross Earnings
7,785,924
7,570,841
-Net Earning s2,235,952
2,209,060
N
Y
Current
Previous
Current
Susq & Western.a.May
Previous
280,241
261,112
97,763
75,676
Roads.
Year.
Year.
July 1 to May 31
Year.
Year.
3,186,068
3,019,805
952,859
981,462
$
%
3
Norfolk & Western.b
(
3
May 3,052,689 2,521,668 1,098,921
Atch Topeka & S Fe.b.May
991,988
9,091,484 8,050,275 i2,754,581 .73,034,349
July 1 to May 31
'.32,061,947 26,581,651 12,938,995 10,476,326
July 1 to May 31......96,534,165 86,163.215^31,799,715^33.533,246
Northern
Central.b
May 1,045,065
982,065
Balto &Ohlo_b
167,607
213.307
June 8,088,755
6,755,964 2,548,505 2,203,171
Jan 1 to May 31
5,145,292
4,701,192
875,169
753,769
July 1 to June 30.
88,901,252 76,412,856 27,567,451 25,248,875
Pacific Coast
.May
64,986
638,623
598,423
117,744
Bangor & Aroostaok_b.May
231,980
200,762
’ 59,415
80,807
July 1 to May 31
7,182,884
5,918,131
1,396,650
865,861
July 1 to May 31._
2,763,501
2,654,734
1,127,635
946,787
Pennsylvania
Lines
directly operated—
Bellefonte Central_b_..June
‘
8,004
5,060
2,342
880
East of Pitts & Erie..May 13,771,933 12,032,133
3,723,469
3.760.169
Jan 1 to June 30
39,274
29,253
6,812
Jan 1 to May 31
2,338
66,666,862 57,562,262 17,144.142 14,308.642
Bridgeton & Saco Rlver.May
4,390
3,664
1,155
1,177
West of Pitts & Erie..May
Inc
73,800
Inc 1,617,100
July 1 to May 31
46,985
43,910
13,225
12,239
Jan 1 to May 31
Inc 1,767,700
Inc 7,959,500
Total (37 roads)
Net Increase (14.44%)
12,321,351 10,766,339,1,593,499
1,555,012
38,487
*
..
...
_.
.....
v
Supplement,
Washington.
,
‘
Commission,
-
any^ returns for that month
.
THE CHRONICLE
310
Net Earnings
Current
Previous
Year.
Year.
Gross Earnings
Current
Previous
Year.
Year.
Roads.
$
508.502
%
*
Pitts Cln Chic & St L.a.June 2,789,119
2,428,318
Jan 1 to June 30
...16,791,691 13,590,100
Phlla Balto & Wash
1,547,158
May 1,714,258
Jan 1 to May 31
6,944,394
7,430,394
Reading Company—
Phlla & Reading.b
May 4,025,723
41,488,367
Coal 8s Iron Co.b
May 2,983,331
31.239,235
July 1 to May 31
Total both cos.b-----May 7,009,054
July 1 to May 31
72,727,602
Reading Company
May
July 1 to May 31
Total all companies ..May
July 1 to May 31
Rio Grande June
Apr
81,177
Dec 1 to Apr 30
389,794
Rio Grande Southern.b.May
48,760
July 1 to May 31
490,081
Rock Island Llnes.b
May 4,931,411
July 1 to May 31
60,179.709
St Joseph & Grand Isl.b May
126,098
July 1 to May 31.
1,503,431
St Louis & San Fran.b._May 3,170,249
July 1 to May 31
38,020,133
Chic & East III.b
May
779,301
July 1 to May 31
10,809,617
Evansv & T H’te.b.-May
200,852
July 1 to May 31
2,259,233
Total all llnes.b
May 4,150,401
July 1 to May 31.
51,088,983
St L Rocky Mt & Pac.a.May
182,858
July 1 to May 31
1,793,247
St Louis Southw.a
May
811,548
July 1 to May 31
10,119,600
Southern Paclflc.a
Mayll.459,127
July 1 to May 31
123728194
Texas Central.a
66,206
Apr
July 1 to Apr 30
892,502
Texas & Pacific.b
May 1,188,363
Jan 1 to May 31
6,270,394
Toledo Peo & West.b_.June
95,115
July 1 to June 30
1,172,386
Union Paclflc.a.
May 7,535,249
July 1 to May 31
82,719,139
Virginia & Southw_b__June
90,587
July 1 to June 30
1,196,194
Western Maryland.a
May
647,824
West Jersey & Seashore.May
507,550
Jan 1 to May 31.
2,050,528
Yazoo & Miss Vall.a.-.May
852,997
July 1 to May 31
9,635,390
July 1 to May 31
.
3,256,285
453,087
1,577,225
$
637,036
3,032,933
463,887
1,530,825
3,235,707 1,660,791 1,216,659
36.877.795 16,312,079 14,817,660
150,470 del.42,863
2,547,783
32,838.555 1,230,369 1,639,934
5,781,490 1,811,261 1,173,796
69,716,350 17,542,448 16,457,594
150,397
1,600,967
1,961,658
19,143,415
7)24,253
76,456
71116,938
339,019
14,915
42,494
140,807
533,250
136,417
1,413,302
1,310.213
17,870,896
n22,936
nl01,706
11,195
186,830
842,580
1,558,294
55,741,416 15,748,822 16,687,430
4,740,911
115,285
1,464,970
2,989,684
34,696,825
787,822
9,451,491
156,893
1,937,316
3,934,398
46,085,632
187,255
1,294,094
747,885
9,546,379
9,972,593
110124,420
84,949
1,031,060
1,062,934
5,621,513
85,188
1,094,158
6,517,785
71,886,284
80,435
1,136,286
496,360
449,250
1,861,328
705,387
9,371,847
def23,924
70,387
949,455
11,530,345
222,265
3,433,115
77,385
868.503
6,572
435,756
1,138,602
11,723,967
277,351
2,991,279
60,588
717,151
1,476,540
1,249,105
15,831,963 15,432,396
37,087
66,826
403,568
609,178
180,433
61,063
2,054,181
2,317,985
3,316,120
3,900,034
43,593,344 37,555,939
def2,157
1,555
283,856
246,290
155,220
136.276
1,000,816
1,274,842
17,186
8,385
204,346
246,742
—Int., Rentals, Ac.—
Current
Previous
Year.
Year.
$
$
Roads.
Lou Hend & St L
Companies.
$
97,990
Keystone Telephone.a.June
1,126,030
352,906
Kings Co El Lt & P Co. June
Jan 1 to June 30
2,107,060
3
93,051
1,073,462
304,270
1,840,292
-Net EamingsCurrent
Previous
Year.
Year.
180,194
1,109,949
3
48,398
542,453
155,234
966,261
1,704,602
964,684
5
52,683
567,952
Pittsburgh Coal Co—
Jan 1 to June 30.
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Includes the N. Y. & Ottawa, the St. Lawrence & Adirondack and the
Ottawa & N. Y. Ry., the latter of which, being a Canadian road, does not
make returns to the Inter-State Commerce Commission
e Includes the Northern Ohio RR.
g These results are In Mexican currency.
a
h For May 1910 additional income Is given as showing a deficit of $3,391.
against a deficit of $6,569 in 1909, and for period from July 1 to May 31
was a deficit of $43,610 In 1910, against a deficit of $65,711 last year.
J The company now Includes the earnings of the Atch. Top. & Santa Fe
Ry., Gulf Colo. & Santa Fe Ry., Eastern Ry. of New Mexico System,
Santa Fe Prescott & Phoenix Ry., Southern Kansas Ry. of Texas, and
Texas & Gulf Ry. In both years.
For May taxes amounted to $325,832,
against $272,023 In 1909; after deducting which, net for May 1910 was
$2,428,749, against $2,762,326 last year.
For period from July 1 to May 31
taxes were $3,442,551 in 1910, against $2,694,938 In 1909.
k For May 1910 additional income was $9,897, against $15,083 in 1909,
and for period fro i July 1 to May 31 was $126,330 In 1910, against $138,672
.
last year.
n These figure
r After allowin
represent 30% of gross earnings.
for miscellaneous receipts and net from coal and other
departments, total net earnings for May 1910 were $297,442, against.
$202,526 in 1909.
Interest
Charges and Surplus.
—Int., Rentals, Ac.—
Current
Year.
Roads.
Bangor & Aroostook
May
July 1 to May 31___
Bellefonte Central
June
Jan 1 to June 30
3
84,634
927,295
Previous
Year.
3
77,596
898,333
236
243
1,416
1,458
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
3
3
£l2,573£def. 10,126
£351,197
£137,668
2,106
5,396
637
880
593
635
562
"542
Bridgeton & Saco River.May
6,613
6,916
July 1 to May 31
6,612
5,323
Central of New Jersey. .May
532,134
536,222
492,026
174,907
July 1 to May 31
5,555,706
5,750,368
6,121,428
4,206,727
a578,555
Chesapeake & Ohio
318,112
May a573,721
360,702
July 1 to May 31
a5,700,681 a5,774,896
5,769,623
3,532,718
282,095
Chicago Great Western.May
218,329
£l7,472£defl91,010
Sept 1 to May 31
1,954,622
2,586,034
£384,592£df1322,371
Colorado Midland
31,350 bdef32,946 bdef38,354
Apr
31,447
313,500 bdefl26,741b defl5.400
July 1 to Apr 30
313,887
Colorado & Southern
252,873
May
259,624
C142.790
C84.762
July 1 to May 31
2,809,406 2,810,243 C2.847,632 c2,069,549
Copper Range
Apr
July 1 to Apr 30
14,713
130,639
Cuba Railroad
May
36,667
July 1 to May 31
398,544
Denver & Rio Grande..May
465,491
4,926,848
July 1 to May 31
Duluth So Sh & Atl
May
97,656
July 1 to May 31
Georgia RR
July 1 to May 31
Hocking Valley.July 1 to Mya 31
1,060,660
May
__
May
Louisiana & Arkansas. .May
July 1 to May 31
62,228
676,379
a48,820
a381,972
26,666
267,941
12,938
122,875
34,579
364,517
def 423
248
135,334
37,023
78,401
54,286
598,172
493,925
346,638
d317.658
d94,052
3,727,311 d3,323,416 d2,391,713
92,228 £defl9,839 £def20,772
998,403 £def76,469£def271,403
60,445 £def20,873 £def53,551
667,251
£170,262 £def90,726
a80,047
196,844
48,707
a444,537
2,198,549
1,303,043
21,009
£29,200
£22,731
£272,691
225,991
£185,119
17,543
May
3,612
July 1 to May 31
183,222
Range.
13,327
May
July 1 to May 31
155,815
Missouri Kans & Texas.May
594,947
July 1 to May 31
6.278,530
Nevada-Cal-Oregon
July 1 to May 31__
40,031
New Orleans Gt North’n May
46,620
July 1 to May 31
508,190
N Y Ontario & Western.May
101,134
July 1 to May 31
1,069,192
Norfolk & Western
May
467,446
July 1 to May 31
5,132,302
Reading Company
880,000
8,680,000
Apr
8,333
Rio Grande Junction
Dec 1 to Apr 30.
41,667
Rio Grande Southern
May
20,678
July 1 to May 31
217,053
St L Rocky Mt & Pac._.May
32,486
369,506
July 1 to May 31
St Louis Southw...
May
176,870
July 1 to May 31
1,898,266
Texas Central
..Apr
5,372
July 1 to Apr 30.
57,007
Toledo Peoria & West..June
July 1 to June 30
25,565
296,600
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
£184,997
24,304
243,856
85,001
1,027,035
462,427
4,910,893
£31,541
£178,226
£173,790
£27,682
£def3,916
96,795
1,182,034
140,353
1,166,760
631,474
7,806,693
876,542
9,608.958
8,333
41,667
19,941
213,547
30,609
350,102
170,700
1,855,961
3,802
47,627
22,613
282,246
£23,870
£10,923
3,754
43,214
May
July 1 to May 31
lxxxxi.
$
$
15,725 £defl3,613 £defl,107
108,439
£99,949
£63,117
13,510 £defl3,261
£def7,434
159,624 £def64,338 £def36,694
488,702£defl61,484
£84,315
5,989,272 £1,091,531 £1,167,014
—__
1,081,658
9.463,415
16,020
75,271
£def5,468
£def64,260
34,340
239,672
£def65,196
£920.971
def3,817
189.283
£def.ll,180
£def.l4,678
529,562
5,565,433
436,761
8,261,938
14,603
60,039
£def8,215
£defl3,817
6,478
53,466
£59,219
£629,996
def5,959
236,229
£def.2,819
£def.51,005
INDUSTRIAL COMPANIES.
—Int., Rentals, Ac.—
Current
Year.
Companies.
Jan 1 to June 30
Previous
Year.
$
103,672
610,697
87,810
526,072
1,298,994
1,230,680
Kings Co El L & P Co..June
Jan 1 to June 30
Pittsburgh Coal Co
-
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
$
$
76,522
499,252
6
67,424
440,189
405.608def265,996
These figures are
after deducting other Income.
allowing for net miscellaneous debt to Income.
c After allowing for net miscellaneous charges and credits to Income.
d These figures are after allowing for other income and for discount and
The sum of $10,000 Is deducted every month from surplus
exchange.
and placed to the credit of the Renewal Fund.
£ After allowing for other Income received.
a
b After
RAILWAY
ELECTRIC
AND
TRACTION
Latest Gross Earnings.
Name of
Road.
Week or
Month.
INDUSTRIAL COMPANIES.
-Gross EarningsPrevious
Current
Year.
Year.
May
Mineral
.
2,841,631
3,237,724
36,828,191 34,733,525
19,456
22,639
349,871 j 362,632
rl67,510
r266,701
111,917
103,317
153,777
132.277
45,042
106,979
1,041,208
1,439,088
[Yol.
Current
Year.
$
339,113
142,644
Ry May
42,875
Bangor Ry & El Co. May
Baton Rouge Elec Co May
8,937
26,924
Binghamton St Ry.. April
Blrm Ry Lt & Power May
218,575
Brockton & Ply St Ry May
9,524
21,576
Cape Breton Elec Co. May
16,313
Carolina Pow & Lt Co June
Central Penna Trac.J June
73,952
1098,059
Chicago Railways Co. April
30,255
Cleve Palnesv 6s East May
115,592
Dallas Electric Corp. May
Detroit United Ry— 4 th wkJune 237,979
95,340
Duluth-Superior TrCo June
46,957
East Penna Rys Co__ April
183,478
East St Louis & Sub. May
51,148
E1 Paso Electric
May
50,993
Fairm & Clarks Tr Co June
Ft Wayne 6b Wabash
122,344
Valley Traction Co. May
103,823
May
Galv-Hous Elec Co.
93.207
Grand Rapids Ry Co May
Wk
43,642
Havana Electric Ry.
July 17
Honolulu Rapid TraD
36,129
6b Land Co
April
25,472
Houghton Co Trao Co May
472,255
Illinois Traction Co.. May
46,721
Jacksonville Elec Co. May
601,477
Kansas City Ry & Lt April
100,424
May
.*_...
Lake Shore Elec Ry.
380,060
Milw El Ry & Lt Co. May
85,072
Milw Lt Ht & Tr Co. May
73,816
Montreal Street Ry__ Wk July 9
157,426
Nashville Ry 6b Light June
523,339
New Orleans Ry & Lt May
207,323
North Ohio Trac 6s Lt May
117,766
North Texas Elec Co. May
184,353
Northwest Elev Co.. May
160,492
Norf 6b Portsm Tr Co May
53,861
Oklahoma City Ry_. May
19,330
Paducah Tr 6s Lt Co.. May
21,806
Pensacola Electric Co May
June
478,879
Port(Ore) Ry L&P Co
169,190
Puget Sound Elec Co. May
Rio de Janeiro Tram
916,476
Light 6b Power.... May
Previous
Year.
Previous
Year.
1,844,095
586,920
209,598
43,141
106,658
269 711
1,695,080
535,385
190,754
37,720
100,881
919,567
42.579
85,941
89,192
358,107
3,780,965
105,658
503,996
3,594,389
452,491
168,980
792,328
236,490
212,293
111,702
103,604
85,243
36,839
598,352
500,047
430,871
1,149,432
532,673
466.923
388.045
1,079,509
33,406
25,964
423,616
39,656
552,628
89,535
342,829
145,263
124,243
2,365,774
237,062
2,389,494
128,269
122,577
2,101.518
195,739
2,185,070
16,003
.
67,257
997,347
28,039
103,525
197,315
83,036
44,289
171,072
47,510
42,122
_
...
.
Joseph (Mo) Ry Lt
Heat 6s Power Co.
Sao Paulo Tr, Lt 6b P
Savannah Electric Co
Seattle Electric Co__
Jan. 1 to latest date.
Current
Year.
$
319,103
133,029
39,936
8,193
24,972
184,825
12,088
18,745
June
American Rys Co
cAur Elgin & Chic
COMPANIES.
1,070,700
39,022
102,820
103,448
393,747
4,150.232
120,317
567,768
4,289,851
511,641
193,551
918,799
264,014
423,194
378,851
1,861,298
361,022
2,151,530
887,954
2,664,160
865,662
556,656
913,431
765,607
227,916
1,669,715
303,012
156,054
106,025
2,645,613
761,476
96.609
2,272,779
689,960
70,830
63,539
144,461
514,897
188,749
104,900
173,635
151,598
37,533
1,931,034
831,704
2,562,954
775,738
483,348
864.924
759,016
149,144
17,698
20,172
430,743
646,118
3,428,116
3.010,086
85,401
237,698
52,379
467,961
16,229
50,421
237,986
163,317
80,781
190,277
50,275
457,259
14,802
494,015
1,145 567
246,965
458,605
1,003,392
240,418
212,835
147,852
85,278
262,488
1,219.221
3,738,106
246,867
1,085,332
3,391,058
£12,190
£10,703
£7,338
648,015
35,404
£12,385
£10,136
£6,631
620,626
30,607
£369,260
£307,166
£173,303
2,494,867
169,919
£364,160
£279,067
£163,200
2,337,252
158,424
St
_
June
May
May
May
Sou Wisconsin Ry Co Tune
Co__
May
Toledo Rys 6b Light. May
Twin City Rap Tran. 1st wk July
Tampa Electric
Underground
77,104
El Ry
of London—
Three tube lines
_.
Metropolitan Dist.
Wk July 16
Wk July 16
Wk July 16
Unltea Tramways
United RRs of San Fr April
Whatcom Co Ry & Lt May
_
e
47.821
These figures are
for consolidated company.
Electric Railway Net Earnings.—The following table gives
the returns of
ELECTRIC railway
reported this week.
gross
and net earnings
A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a
month in these columns, and the latest statement of
in the issue of June 25 1910. The
this kind will be found
next will appear in the
issue of July 30 1910.
July 23
1910.)
THE CHRONICLE
Gross
Current
Year.
Roads.
Earnings
Previous
Year.
$
$
Amer Light & Trac Co.-June
286,209
238,171
Jan 1 to June 30
1,800,031
1,546,980
Brooklyn Rapid Transit Co_a—
Jan
1 to Mch 31
4,866,795
4,468,665
15,776,241 14,298,979
July 1 to Mch 31
Carolina Pow & Lt Co__June
16,313
16,003
Jan 1 to June 30
89,192
f
103,448
COneJau8Tto M?hr0Mlya:a7
282.751
Duluth-Superior Tr Co b June
Jan 1 to June 30
Net Earnings
Current
Year.
Previous
Year.
$
274,162
1,742,354
228,522
1,493,193
1,383,818
5,254,306
1,017,358
4,134,178
6,506
6,628
42,450
31,863
282.518
95,340
83,036
511,641
452,491
$
56,168
43,367
81,902
37,175
172,742
27,064
def2,588
Lehigh Valley Transit Co June
90,948
81,241
206,627
41,109
Long Island Elect-a—
Jan 1 to Mch 31
35,313
31,976
def7,101
Metropolitan St Ry_a—
Jan
3,440,880
1 to Mch 31
July 1 to Mch 31
10,987,268
Montreal Street Ry_b--June
384,564
Oct 1 to June 30
3,091,800
Nashville Ry & Light.-.June
157,427
Jan 1 to June 30
887,954
N Y & Long Isl Tract Co.a—
Jan 1 to Mch 31
64,345
N Y A Queens County.a—
Jan 1 to Mch 31
216,427
N Y City Interborough_a—
Jan 1 to Mch 31
43,858
Richmond Lt A RR.a—
Jan 1 to Mch 31
63,028
Staten Island Midland.a—
Jan 1 to June 30
43,631
Third Ave System.a—
Jan
1 to Mch 31.
1,871,934
5,888,147
July 1 to Mch 31
Trl-Clty Ry A Light..-June
3,317,241
10,535,291
354,917
2,791,973
144,461
831,704
582,028
185,715
1,285,508
65,851
371,365
667,444
1,094,035
167,597
1,103,370
62,515
338,088
60,149
7,964
11,626
190,346
def26,727
defl8,928
34,393
def2,372
defl,915
61,753
24,291
2,902
42,972
def2,074
defl,396
1,638,290
5,295,453
139,034
566,200
2,051,779
85,406
391,280
1,533,795
71,407
2,425,413
199,685
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting, taxes.
a
Interest Charges and Surplus.
—Int., Rentals, &c.—
Roads.
—Bal. of Net E'ngs.—
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
$
$
$
$
Brooklyn Rapid Transit Co—
Jan
1 to Mch 31
1,555,515
4,646,470
July 1 to Mch 31..
Coney Island A Brooklyn—
Jan 1 to Mch 31
Duluth-Superior Tr Co. June
-
Jan 1 to June 30
73,177
19,686
116,769
1,350,245 #def78,811#def242,108
4,018,970
#913,161
#388,956
70,414 #defl6,976
18,417
23,681
110,500
89,858
#16,488
18,758
62,242
Long Island Elect—
Jan 1 to Mch 31
8,359
8,519 #def 15,046 #defl0,333
Metropolitan St Ry—
Jan 1 to Mch 31
a682,360
a711,508 #def42,804
#def8,164
July 1 to Mch 31
a2,040,054 a2,060,883
#531,981#det848,055
Montreal Street Ry
June
59,053
51,134
126,662
116,463
Oct 1 to June 30
377,603
335,691
907,905
767,679
Nashville Ry A Light-.June
33,637
33,486
32,214
29,029
Jan 1 to June 30.
202,087
196,213
169,278
141,875
N Y A Long Island Tract CoJan 1 to Mch 31
15,058
15,690
#def7,033 #def4,001
N Y A Queens County—
Jan 1 to Mch 31.
62,888
66,549 #def90,179 def85,477
N Y City Interborough—
Jan 1 to Mch 31
20,840
18,120 #def22,939 #defl9,939
Richmond Lt A RR—
Jan 1 to Mch 31
24,459
24,196
#1,452 #def20,169
Staten Island Midland—
1
Jan
to Mch 31..
13,618
13,483 #defl5,692 #defl4,879
Third Ave System—
Jan
1 to Mch 31
a224,572
0233,586
#342,920
#158,962
July 1 to Mch 31
a638,502
a659,182 #1,426,578
#885,005
—
a
x
Including such charges as have actually been paid.
After allowing for other Income received.
211
BALANCE SHEET DEC. 31.
1908.
1909.
1908. .
Assets—
§
Liabilities—
§
S
Construction acct.45,092,480 40,684,733 Stock
5,000,000 5,000,000
Equipment
1,665,758
1,666,408 Bonds
43,613,667 39,668,667
Accts. receivable. 1,172,512
1,137,919 3-year coll, notes
Bills receivable.._
68,000
called for payCash, Including for
mentFeb. 11909
1,000 8,000,000
1909.
$
.
coupons
Material
Bonds on hand
Bonds held as coll,
for 3-yr. notes._
3,214,243
293,090
...
10,000,000
Bills
Total
.51,438,084 55,482,028
—V. 90, p.
railroads, street railways and miscellaneous companies which
have been published during the preceding month will be
given on the last Saturday of each month. This index will
not include reports in the issue of the “Chronicle” in which
it is published.
The latest index will be found in the issue
of June 25.
The next will appear in that of July 30.
Chicago & Western Indiana Railroad.
{Report for Fiscal Year ending Dec. 31 1909.)
The report, issued under date of June 7 1909, shows:
ADDITIONS DURING YEAR 1909,
Aggregating §4,407,747, against §919,923 in 1908.
Right of way
Add’l right of way
Interest, Ac
•C. A Erie RR. Co.
51st St. Yard..
Wabash RR. Co.
47th St. Yard..
C.AE. Ill. RR.Co.
33d St. Yard...
Block signals, Ac...
1908.
§
30,300
480,671
60,834
418,970
209,975
72,747
246,387
58,260
98,076
cr. 31,940
56,562
122,564
19,034
1,056
10,582
40,159
»
1909.
Add’l sidings, Ac
9,015
Enlargement of pass¬
terminals—
enger
Right of way
2,777,452
Interest, &c
303,271
Belt Ry. Co.—Acct.
lease July 1 1902._
84,503
Chlc. A E. Ill. RR.—
Lease July 1 1903.
8,824
Wabash RR. Co.—
Leases
59,178
4,407,747
1908.
4,246
Total
Expenses—
Interest charges
•Taxes
Operating
expenses
Miscellaneous
Dividends (6%)
Total
Balance, surplus
•
1908.
$1,993,894
206,775
95,013
12,566
2,141
1907.
39,897
1,857
145,189
919,923
97,490
15,388,
6,274
$2,310,389
$2,108,806
$1,789,691
131,864
$1,710,472
128,397
$1,639,937
$2,381,600
$56,398
$1,517,140
64,945]
$2,437,998
118,404
41,641
300,000
1906.
$1,024,709
3,980
201,221
3,286
$1,721,647
$1,232,975
'
137,298
117,594
30,171
300,000
26,298
300,000
23,960
300,000
$2,286,635
$23,754
$2,078,749
$30,057
$1,694,233
$27,414
108,534,
Prior to July 1 1907 taxes for terminal lines were
charged direct to tenant
liens, whereas they have since been
oharged against Income and the propor¬
tions couected from the tenant lines are
credited to “Income” under “other
xentals.
.
770,784
424,058
51,438,084 55,482,028
Duluth-Superior Traction Co.
{Report for Fiscal Year ending Dec. 31 1909.)
Prest. C. G. Goodrich, Duluth, Jan. 25, wrote in brief:
Territory Served.—The estimated population of Duluth In 1909 was 85,000,
of Superior, 40,000 people.
The registered tonnage of vessels arriving and
departing from the Duluth-Superior harbor during 1909 was 35,000,000.
Shipments of Iron ore during 1909 were 22,478,639 gross tons; grain re¬
ceipts, 82,615,472 bushels.
The United States Steel Corporation has
within the past few years acquired the site for a steel plant to be located
on the Minnesota side of the St. Louis River, and has expended on the site
and for preliminary work, &c., about $2,000,000. It Is the announced In¬
tention of the Steel Corporation to spend at least $12,500,000 within the
next two or three years for the Initial steel plant and the expenditure for
the ultimate plant Is estimated at approximately $25,000,000.
Property.—The total mileage of street railway track, reduced to single
track. In Duluth Dec. 31 1909 was 55.24 miles; and In Superior 22.75 miles;
total, 77.99 miles.
The track has been largely rebuilt during the past few
years with modern construction and heavy rail.
The total number of cars
In regular use Is now 100, of which 64 are new standard 45-foot double¬
truck type.
Eleven new standard double-track passenger cars were added
during the year. The car houses were equipped during the year with an
automatic sprinkling system for fire protection at a cost of $33,321.
Fares.—The company sells some tickets In books of 100 rides but no re¬
duction is made from the full cash fare of five cents for each ride.
Bridge.—The company’s contract for the use of the toll-bridge provides
that 2 Yi cents per passenger shall be paid until the tolls amount to $32,500,
after which no more tolls shall be paid for the remainder of that calendar
year.
The excess for the year 1909, at 2 M cents per passenger, amuonted
to $7,672.
When the net earnings of the bridge from all sources reach
$54,500, the payments of this company will be reduced by such an amount
as will reduce tne net earnings to $54,500.
Provided that the amount to
be paid In tolls In any one year shall never be less than $15,000.
The bridge
Is now being used and tolls paid by the Great Northern Ry. Co., the Soo
Line (Wisconsin Central), teams and pedestrians, as well as by our cars.
General Results.—The earnings have shown a satisfactory Increase. There
was expended In new construction during the year
$199,482, as follows: Car
equipment, $70,935; new track, $75,805; feed wire and conduits, $17,066;
building and fixtures, $33,324; miscellaneous, $2,352. There was ex¬
pended In renewals and charged against renewal funds $64,645.
The direct
appropriation to this fund was $48,578; the fund now amounts to $310,513.
On July 20 the directors declared the first dividend on the common stock,
being 1%; and on Dec. 20 a second dividend of 1%, thus putting the com¬
mon stock on a 4% dividend basis.
It is believed that the company will
be able to maintain this rate of dividend.
INCOME ACCOUNT.
Revenues—
Transp’n
1909.
1908.
1909.
1908.
§972,509 §884,213 General and mlscell..-§122,999
25,097
8,425
Total expenses
$559,811
Total revenue
§997,606 §892,638 Net earnings
.§437,795
Expenses—
Interest and taxes
§172,366
Way and structures,, §42,571
§45,626 Pref. dividends (4%).
60,000
Equipment
47,457
48,751 Com. dividends (2%),
70,000
Other
revenue
§123,155
revenue
Traffic
910
90
Conducting transp’n., 345,873
334,158
Cash on hand
Accounts receivable.
Material and supplies
Prepaid insurance
Investment, real estate
—V. 90, p.
1296, 848.
.1
Balance, surplus...§135,429 §121,657
1909.
Liabilities (§8,612,407) —
§8,411,276 Common stock
133,275 Preferred stock
10,051
54,762
1,920
1,123
$551,780
§340,858
§159,201
60,000
First
mortgage 5% bonds
Approved vouchers
Accrued interest and taxes
Renewal, Ac., funds
Miscellaneous
Surplus
§3,500,000
1,500,000
2,500,000
118,790
60,040
328,843
2,740
601,994
Illinois Traction Go.
{Report for Fiscal Year ending Dec. 31 1909.)
Manager H. E. Chubbuck writes in substance:
General
Construction.—In January 1909 there were under construction the Mis¬
sissippi River Bridge at St. Louis, the lines of the St. Louis Electric Terminal
Ry., the Decatur Belt, the Springfield Belt and later the Edwardsville and
Granite City belts.
The piers in the Mississippi River were finished soon after Jan. 1.
The
bridge has been designed to provide a carrying capacity of 5,000 pounds
per lineal foot of track.
It will be the heaviest and strongest bridge of
any
kind across the Mississippi River, and we may assume that
some of the
steam roads which now enter St. Louis will In time desire to
operate over It.
One of the three main spans has peen completed, and lt Is
confidently ex¬
REVENUE, EXPENSES, ETC.
Revenue—
1909.
•Rental from lessees
$2,086,319
Other rentals
221,487
Suburban pass, earn’gs.
98,282
Miscellaneous earnings.
13,000
Discount, int. & exch__
18,910
166,667
16,815
628,250
367,660
1296, 447.
Roadway, equipment, Ac
1909.
§
Total
1,113,401
59,716
460,853
19,774
payable
Income account-.
Assess (§8,612,407) —
Annual Reports.—An index to annual reports of steam
790,124
63,609
755,068
Interest accrued..
Int. accr’d on 3-yr.
coll, notes
Miscellaneous
BALANCE SHEET DEC. 31
ANNUAL REPORTS.
Track elevation, 18th
to 72d streets—
Main tracks
1,053,808 Vouchers and cur370,160
rent accounts..
501,000 Sinking funds
pected that the bridge will be completed for operation next December.
The uptown Broadway station, St. Louis, Is well under
way and will pro¬
vide for entrance of trains on the second floor.
Negotiations for the pur¬
chase of the land for the large downtown terminals are
being completed.
The new power plant at Venice, to supply the additional electrical
energy
required for the Increased traffic which will result from the completion of the
bridge and the Inauguration of service Into the heart of St. Louis, was
designed early in the year. Contracts have been awarded and construction
has progressed rapidly.
This power plant, located at the east approach of
the bridge and with an Initial installation of 4,000
kilowatts, commands a
strategic position for the operation of the St. Louis terminals, and also for
the sale of power.
Contracts for power have been solicited* by manufac¬
turing plants for nearly half of the proposed electrical capacity, and there
Is every Indication that we shall derive a
large Income from sale of power.
Applications for switching facilities In St. Louis by well-established manu¬
facturing plants have been numerous, which gives promise of a large measure
of Inter-State traffic between Missouri and
Illinois.
A new line, known as the Danville &
Southeastern, seven miles In length,
will be opened early In 1910 to serve the
Grape Creek coal mining district,
which Is tributary to Danville.
Work has progressed upon the belts as fast as
possible In view of the de¬
lay caused by the Railroad and Warehouse Commission of Illinois, which
controls under the State law the placing
of crossings with other railroads.
Interurban Lines.—The changing of the lines between
Springfield, Peoria
and Bloomington from alternating to direct current
operation was taken
up actively, and in the early summer we were able to
operate with direct
current over the entire trackage of the Illinois Traction
system without
change of cars or equipment.
This year has seen completed ballasting over
portions of the newer track,
Increased and better passenger and freight facilities, the creation of a tierenewal fund, an addition to the freight equipment
of 50 new 40-ton coal
cars, 25 new 40-ton box cars, eight passenger trailer cars.
Greatly Increased
facilities at the Decatur shops have been completed, and the system Is now
provided with ample means for Independently maintaining Its equipment.
THE CHRONICLE
212
[VOL.
The requirements of the Inter-StatelCommerce laws as to safety appliances
have led to standardization as rapidly as possible of rolling stock.
,
LXXXXI
BALANCE SHEET DEC. 31.
1908.
$
1909.
Traffic agreements have been entered into with the Chicago Rock Island
Assets—
$
1909.
$
Liabilities—
1908.
$
& Pacific Ry.Co.and the Chicago & Eastern Illinois RR.Co., which should
prove an increasingly great factor in agumentlng the traffic of the system.
The construction of grain elevators along the lines has been encouraged,
and several have already been erected, while others are in course of erection.
When the belt lines shall have been completed, the grain traffic should de¬
velop rapidly.
A new train service from Peoria to Decatur has been placed
in operation.
The sleeper service which has been in operation from Springfield to East St. Louis for a long time has disclosed the desirability of its ex¬
tension elsewhere.
New cars have been ordered for a Peorla-St. Louis ser¬
vice, with berths longer than in the average Pullman.
These cars will be
placed in service within three months.
Local Utility Properties.—Construction work laid out for the public utility
8,643,918 8,437,322
Total
8,643,918 8,437,322
Includes guaranty on Indiana Northern Traction Co. bonds, $500,000, and
Muncie & Union City Traction Co. bonds, $925,000.—V. 90, p. 627.
plants of the system has all been completed.
Marked improvement In
capacity and efficiency in the gas departments of Danville, Champaign and
American Brake Shoe & Foundry Co., New York.
Decatur has been made.
The controversy with the City of Bloomington over the right of the
Bloomington & Normal Ry. & Light Co. to occupy the streets of the mu¬
nicipality was concluded in June by the granting of a new ordinance for
20 years.
This ordinance is considered exceedingly fair in its terms.
The Des Moines Electric Co., a corporation which controls the electric
lighting and power field in Des Moines, Iowa, has been acquired.
It will
prove a desirable acquisition.
[The Improvement expenditures for the system In 1909 aggregated $1,759,347, notably: Danville Street Ry. & Ltg. Co., $131,910; Des Moines
Elec. Co., $236,170 ($100,131 for electric distributing system); Illinois
Central Traction Co., $153,370; Peoria Bloomington & Champaign Trac¬
tion Co., $329,243, lncl. $224,649 for power plant equipment.—Ed.]
BONDED DEBT OF PROPERTIES CONTROLLED AND PREF. STOCK OF
ST. LOUIS SPRINGFIELD & PEORIA DEC. 31 1909.
(Interest 5% except as otherwise marked.)
Bonds
Bonds
Company—
Outstanding.
Danville Urbana & Champaign
Central Railway
$570,000
Ry. Co. first mtge
$1,802,000 Peoria Railway
2,249,000
Second mortgage (6%)
General mortgage
450,000
#500,000
Danville Consumers Coal Co._
398,000
29,000 Madison Co. Light & Pow. Co.
Danville & E. Illinois Ry. Co.
198,000 Chicago Bloomington & Deca¬
Danville & Northern RR
tur
Railway Co.
1,188,000
17,000
Danville St. Ry. & Light Co._
694,000 Springfield & North Eastern
do
do
debentures
Traction Co
S00.000
#369,000
Urbana & Champaign Ry., Gas
Peoria Bloomington & Cham¬
& Electric Co., cons
330,000
paign Traction Co
2,000,000
First mortgage
Lin.
&
170,000 Peoria
Springfield
Debentures
Traction
Co
900,000
#270,000
Urbana Light, Heat & Power
St. L. Dec. & Cham. Rail. Co. 1,493,000
Co. first mortgage
41,500 St. L. & Springfield Ry. 1st M.
480,000
Urbana Light, Heat & Power
St. L. Spr. & Peo. RR. 1st M.#1.846,000
Co. consolidated mortgage..
General mortgage
72,000
#391,000
Decatur Ry. & Lt. Co. cons. M.
638,000 Citizens Ry. Co. of Venice
400,000
General mortgage
#177,000
Decatur Traction & Elec. Co.
Total
212,000
§24,956,S14
Decatur Gas & Elec. Co. 1st M.
300,000
Second mortgage.
90,000
Preferred Stock—
Des Moines Electric Co
#1,250,000 St. L. Spr. & Peoria RR
#1,625,000
Des Moines Ry. & Light Co..
#837,314
Illinois Central Traction Co__ 1,469,000
Total....
_§26,5S1,814
General mortgage
#175,000
Illinois Western Railway Co..
*Roads under Construction.
113,000
Jacksonville Ry. & Light Co..
430,000 Danville & Southeastern Ry._ #$60,000
Jacksonville Gas Lt.&Coke Co.
175,000 St. Louis Elec. Term. Ry. Co. 1,410,000
Jacksonville Ry. Co. (6%)
34,000 St. Louis Electric Bridge Co.. 1,981,000
Bloomington & Normal Ry.,
Springfield Belt Railway Co..
300,000
Electric & Heating Co
600,000 Terminal Power Co
#85,000
Bloomington & Normal Ry. &
Total
Light Co..
739,000
$3,836,000
Company-
Outstanding.
...
-
_
Property and Invest-
Capital stock.
4,990,000 4,990,000
8,025,236 7,939,189 Funded debt
1,250,000 1,250,000
202,000
227,000 Guar. sub. co. bds.*1,425,000*1,425,000
Cash
and
current
Notes & accts. pay’Ie 183,892
118,487
assets
283,472
170,872 Accr’d int.,taxes,&c. 175,812
114,534
Sinking fund accts.
117,270
95,189 Miscellaneous
82,433
124,257
Miscellaneous
15,940
5,072 Profit and loss
494,957
456,867
ment account
Treasury bonds
_
Total
*
{Official Statement Dated May 27 1910.)
The statement made to the New York Stock
Exchange
May 27 in connection with the listing of the $4,000,000
pref. stock and $3,600,000 common stock affords the fol¬
lowing information:
on
Organized Jan. 29 1902 under laws of N. J.
Charter perpetual.
Author¬
ized capital: $5,000,000 pref. stock and $5,000,000 common stock, all In
shares of $100 each.
Of these amounts, $1,000,000 pref. stock and $1,400,000 common stock are unissued, and can only be issued for value received,
provided by law.
Holders of pref. stock are entitled to receive out of
surplus or net profits a cumulative 7% dividend, payable quarterly before
any dividend is paid on common stock.
After the holders of common stock
receive a 7% (non-cumulative) dividend in any year the board may pay
of
out
surplus or net profits a further dividend for said year to holders of
pref. stock.
Upon liquidation or dissolution, holders of pref. stock are en¬
titled to receive par and accrued dividends charged from remaining assets,
if sufficient.
Holders of common stock are entitled to receive pai; the resi¬
due of assets shall be divided ratably among holders of
pref. stock. The
pref. and common stock have equal voting rights and are full paid.
Since the date of the last annual report on Sept. 30 1909 the following
amounts of stock have been issued, viz.* (a) $100,000 of common stock on
Nov. 23 1909, sold for cash at par for working capital; (b) under action of
stockholders March 29 1910, increasing the stock to $10,000,000 ($5,000,000
pref. and $5,000,000 common), there were issued $1,000,000 pref. stock and
$1,000,000 common stock- Said additional pref. stock was issued for cash
to the stockholders at 102 y2% net to the company and
the said common
stock was issued in part payment for two foundry plants at Melrose Park
and Burnside, Ill., now operated by this company.
When the company was organized a mortgage was given to the Farmers’
Loan & Trust Co., trustee, to secure $1,000,000 1st M. 5% bonds, due 1952,
covering all the property; $168,000 of these bonds have been redeemed and
as
canceled.
The company purchased (a) at organization the brake-shoe patents of
the American Brake Shoe Co. and of the Streeter Brake Shoe Co., both of
Illinois; of the Corning Brake Shoe Co. of New York, and the brake-shoe
patents and the manufacturing plants in fee of the Ramapo Foundry Co.,
Mahwah, N. J.; Sargent Co., Chicago Heights, Ill.; Corning Iron Works,
Corning, N. Y.; Ross-Meehan Foundry Co., Chattanooga, Tenn.; Lappin
Brake Shoe Co., Bloomfield, N. J.; also an iron foundry (leased) at Buffalo,
N. Y.
(b)
Since organization the original plant at Chattanooga and the
plant at Corning have been sold.
...
*
Amount of bonds outstanding Dec.
time to time as construction progresses.
a
31 1909. Further bonds withdrawn from
Interest on these bonds does not become
charge against revenue until the lines are in operation.
# These issues appear for the first time this year.—Ed.
RESULTS
FOR
CALENDAR
Gross Earnings—
_
_
Gas
Electric light and power.
Steam heating
Miscellaneous
.
_
General and overhead expenses.
Taxes
YEARS.
1909.
1908.
1907.
$1,980,779
$1,847,381
1,283,892
277,085
14
$1,610,257
1,226,591
259,572
819,427
127,453
13,282
$4,415,051
$2,423,757
$4,056,582
$2,217,287
1,371,119
293,072
961,115
138,486 •
7,511
$4,752,082
$2,585,043
43,150
120,876
expenses
78,952
$2,003,013
$2,522,778
$1,892,273
$2,296,239
$1,760,343
57.85
57.14
56.61
75,749
147,776
109,643
Less net earnings of Des Moines prop
_
_
Total deductions
Surplus income
$1,927,264
$1,258,050
$1,650,700
259.146
$1,744,497
$1,220,537
217,116
$1,517,196
$410,067
$1,437,653
$306,844
$1,187,584
$985,631
201,953
$463,115
BALANCE SHEET DEC. 31.
1909.
§
1908.
5
Assets- ~
Stocks of sub. cos.11,268,767 10,214,267
Adv. to sub. cos.,
rolling stock and
other investm’ts 2,522,096
Due by sub. cos..
Accts. & notes rec.
Discount on bonds
210,626
326,920
Stores on hand...
Cash in bank
127,768
2,154,438
205,188
174,926
152,585
81,916
14,560
9,732
5,946
Accident fund..
Total
14,462,123 13,007,612
1909.
$
1908.
§
Liabilities—
Preferred stock... 4,552,600
Common stock... 7,594,500
Bonds
Accrued interest on *
bonds
of
con¬
trolled cos
245,793
Accts.¬es pay.
608,802
Reserve on acct. of
accident insur..
3,618,600
6,594,500
910,500
220,949
252,256
Surplus
10,931
*1,460,428 *1,399,876
Total
14,462,123 13,007,612
*
After deducting in 1909 $149,515 for discount
$200,000 appropriated for depreciation, &c.
on
bonds, and in 1909
and 1908
Indiana Union Traction Co.
1909.
1908.
1907.
$2,103,019
$1,902,330
1906.
1,113,429
1,058,745
$2,089,232
1,111,198
$1,943,101
Net earnings
Interest on bonds of sub¬
sidiary cos., also taxes
$989,590
$843,585
$978,034
$947,835
730,183
728,674
728,115
680,818
Net Income
Dlvs. on stocks of Union
Trac. Co. of Ind. and
Mun. Hartf. & Ft. W.
Ry., and Interest on
Ind. Un. Tr. Co. bds_
$259,407
$114,911
$249,919
$267,017
Balance
Burnside, Ill
13
8
5 }4
2
9Yx
...
Operated under Lease—
Norwood, Mass., lease exp. Apr.l ’14.
Buffalo, N. Y
lease exp. Dec. 31’ll.
Aurora, Ill., lease expires Nov. 1 ’10.
“
“
,
The company owns $410,500 of the total Issue of $411,000 capital stock
of the American Malleables Co. (of N. J.); auth. capital stock, $500,000
(par of shares, $100), company manufacturing malleable castings (annual
output about 10,000 tons) at its plant at Lancaster, N. Y., containing 8H
acres: owns, but is not now operating, a plant at Bloomfield, N. J., con¬
taining 2 Yx acres.
Also owns $24,500 out of $25,000 stock of Am. Land &
Building Co. (of N. J.), which owns 60 acres of land and homes at Mahwah
N. J., and sells and leases the same to the employees of our company.
[Pomroy & Co., 25 Pine St., N. Y., in a recent circular regarding the
enterprise, say:
“The company further has a long term contract with the
Canada Iron Corporation, Ltd. (V. 90, p. 1427), for manufacturing brake
shoes at their plants located in Londonderry, Three Rivers, St. Thomas
and Fort William, thus thoroughly covering the Canadian territory.
In
addition to its brake-shoe output, the company docs a large business in
special steel castings of various types and holds numerous contracts for
gray iron railroad and other castings, which are manufactured at several
of its plants.”—Ed.L
Dividends Paid.
Common
Preferred
%
1
7%
1
2
4
per annum
’07.
'08. ’09.
1910
4 4&lex. 4H 5 Mch., 1 % & Y ex.; June, 1%
(1% Q—M. 30) continuously since June 30 1902.
INCOME ACCOUNT—YEAR ENDING SEPT. 30 1909, SIX MONTHS
ENDING MARCH 31 1910
Gross income from all
$4,039,873
$2,654,581
Expenses—Operating, <Scc., including deprec’n._ 3,164,101
2,086,219
218,573
125,575
229,897
sources
Balance of Income
Interest on bonds
$875,772
42,121
$568,362
Net profits
Dividends paid—Preferred
Common
Extra dividend
$833,651
210.000
$547,562
105,000
Balance of
—
.
20,800
63,750
116,000
com.
profits
H of 1%.
13,000
.
$365,812
$507,651
BALANCE SHEET SEPT. 30 1909.
Assefs (S9.147.S26) —
Plants, patents, &c
Miscellaneous securities
Am. Malleables Co. (cap. stk.)
Insurance not accrued
l—
Cash
Accounts and bills receivable.
Accrued lnt. on investments..
Inventory stores
Manufactured stock
|
$6,127,097
247,528
374,818
6,269
111,534
984,783
371
Liabilities ($9,147,826)
—
Preferred stock
$3,000,000'
Common stock
S3,000,000
Unissued
500,000-2,500,000
First mtge. bonds..$1,000,000
Less red. & canceled
168,000— 832.000
Reserve funds
412,831
Accounts payable
377,848
Accrued interest on bonds
3,467
985,012
310,114 Surplus Sept. 30 190)
2,021,680
expiring 1910: Otis H. Cutler, Edward H. Fallows,
Joseph D. Gallagher, Thomas W Lamont, William D. Sargent, all of New
York.
Term expiring 1911: James B. Curtis and Henry C. Knox, of New
York; Joseph B. Terbell, Chicago, Ill.; George M. Sargent, Evanston, Ill.;
Elmer J. Snow, Mahwah, N. J.
Term expiring 1912: Joel S. Coffin, Robert
J. Davidson, Fred W. Snow, Waldo H. Marshall and Gates W. McGarrah,
Directors—Term
995,266
Officers.—Thomas W. Lamont, Chairman of board; Otis H. Cutler, Pres.;
Joseph D. Gallagher, Joseph B. Terbell and Joel S. Coffin, Vice-Presidents;
Henry C. Knox, Sec. and Treas.
Office, Hudson Terminal Bldg., 30
Church St., N. Y. City.—V. 90, p. 1556.
Goldfield
(Nev.) Consolidated Mines Co.
{Report for Fiscal Year ending Oct. 31 1909.)
President Geo. Wingfield, Goldfield, Nev., Oct. 31 1909
wrote in
substance:
The calendar year
sur
50
all of New York
{Statement for Fiscal Year ending Dec. 31 1909.)
Gross earnings
Operating expenses
Chicago Heights, III
Chattanooga, Tenn
Uniontown, Pa
Minneapolis, Minn
Output, 175,000 Tons
Owned in Fee (Concluded)—
acres Melrose
Park, Ill
3 acres
Year 1908-09. 6 Mos. 1909-10.
erty prior to purchase
Deduct—Interest on bonds, &c_.
Dividends on preferred stock
Plants Owned in Fee—
Mahwah, N. J
’02. ’03. ’04. ’05. ’06.
99,021
$2,749,069
.
Percentage of operating
872,394
134,286
Plants at Present Owned and Leased—Total Annual
151,514
.$40,834 def.$10,664 sur,$20,022sut.$115,503
1909 Is the first year in the company’s life when Its
The result was an output
equipment has permitted adequate production.
(of gold) so extensive and economical as to enable the company to dis¬
tribute during the calendar year an exceptionally large amount In dividends.
During the fiscal year the company has acquired title In fee simple to all
properties formerly held by stock control, consisting of 380.627 acres of
mining ground.
Its milling plant has been completed, permitting the
July 23
1910.j
THE CHRONICLE
treatment of a greater tonnage of ore per stamp of equal weight than
any
reduction plant previously constructed, and with this an
average extrac¬
tion of 92.66%.
The properties have produced 194,479 tons of ore, of an
average value
of $37 98 per ton, or $7,386,451 gross, from which there has been recovered
92.50%, or net returns of $6,832,652. This has been accomplished at a
mining, milling, transportation and general expense of $4 83 per ton, and
a development expense of $1 94 per ton,
making a gross operating expense
of $6 77 per ton.
The total gross earnings for the fiscal year, including lease royalties and
miscellaneous earnings, are $6,598,871.
The net profits are $5,026,620.
We have disbursed during the calendar year three dividends at the rate
of 30 cents per share each, and have declared a fourth dividend at the same
rate, together with an extra dividend of 20 cents per share, payable to
stockholders of record Dec. 31, making total dividend disbursements to
stockholders within the calendar year of approximately $5,000,000, or
$1 40 per share (par $10).
The company commenced the fiscal year with a cash balance of $786,388
and closes the year with a cash balance of $1,365,524 and has bullion and
concentrates in transit amounting to $479,341.
It has no debts.
Development work has revealed an ore tonnage exposed of 800,000 tons,
with an unexplored and partially explored acreage so great as to give
assurance of future development of ore bodies
adding, greatly to the life
aid productiveness of the property.
,
[For the six months ending June 30 1910 the net earnings
available for dividends were about $4,000,000 (the
monthly
returns showing a total of $3,985,514, a
press report a total of
$4,019,143). This, it is understood, is an increase of over
$500,000 as compared with the same period in 1909.]
General Manager Jno. H. Mackenzie, Goldfield, Oct. 31
1909> wrote in part:
Property•—On July 1 1909
company purchased all of the property
Mining Co. of Goldfield,
Mining Co. and Goldfield
Mining Co. of Nevada, which were formerly controlled through stock own¬
ership, and proceedings have been Instituted to dissolve these companies.
Your company, therefore, now holds in fee
simple 380.627 acres of patented
mining claims.
Subsequently, in order to secure better administrative
facilities, your railway and mills were sold to the Goldfield Consolidated
Milling & Transportation Co.
Your company holds all of the ($400,000)
stock in this new corporation and receives all of its
profits.
Mining.—A total of 40,668 feet of development work was performed
during the past fiscal year, of which 27,469 feet was driven on company
account and 13,199 feet by lessees.
The Combination, Mohawk, Red Top
and Clermont shafts have been under continuous
operation.
Although
development work only has been performed from the Clermont shaft
•(Jumbo mine), a very considerable production of ore was made in
Septem¬
ber and October.
your
of the Goldfield Mohawk Mining Co., Red Top
Jumbo Mining Co. of Goldfield, Laguna Goldfield
Ore Production Fiscal Year ending Oct. 31 1909.
Tons.
Ton Avg.
Combination
Mohawk
Red
64,536.742
78,520.150
48,893.979
2,528.799
Top
Clermont
On
2,373,182
1,391,751
249,899
H. Howe reported in brief:
July 1 1909 the company’s organization was changed from stock¬
holding to actual ownership of its subsidiary properties.
Employing the
established ratio of exchanges between this
company and its subsidiaries,
terms of acquisition were
established, with the Consolidated stock deemed
to possess an average value of
$7 50 per share (par $10), as follows:
Basis of Exch. of Shares of Subsidiaries
for Shares of Goldfield Cons. Mines Co.
Exchange of Shares.
Subsidiary
PricePaidby Stk. Issued
Sub.Co. Con.at$7 50.
issued Stock.
G. C. M. Co.
in Exch.
Mohawk
One for two
710,000 at $15 00 $10,650,000 $14,200,000
Red Top
Two for one
852,500 at
3 75
3,196,875
4,262,500
Jumbo
Two for one
3 75
700,000 at
2,625,000
3,500,000
Laguna
Five for one
802,400 at
1 50
1,203,600
1,604,800
Goldf. Min’g
Five for one
1 50
884,150 at
1,326,225
1,76 ,300
__
Total (“Stk. iss. In exch.” supplied
by Ed.).$19,001,700
Final Dividends of Sub. Cos.—Parent Co. Receives
therefrom
Shares Owned
Percentage of
by G.C. M.Co.
Ownership.
Mohawk
695,080
97.90
Red Top
851,159
99.84
Jumbo
695,840
99.41
Laguna
99.31
796,896
Goldfield Mining
876,225
99.10
$25,335,600
$18,737,128.
Dividend to
G.C.M.Co.
$10,426,200
3,191,846
2,609,400
1,195,344
1,314,337
COMBINED PROFIT AND LOSS ACCOUNT OF THE GOLDFIELD
CONSOLI¬
DATED MINES CO. AND THE GOLDFIELD
CONSOLIDATED MILLING
AND TRANSPORTATION CO. FOR THE FISCAL YEAR ENDING
OCTOBER! 1 1909.
Ore shipments
§734,494 General and miscellaneous
$154,964
Concentrates
239,524
Sales bullion
5,191,276
Total expenses
SI,572,251
Mill products on hand and
Balance
§5,026,620
absorption
252.386 Dividends (9%)
3,201,239
.
_
Miscellaneous
.
.
Expenses—
Mining
Milling
181,191
S6.59S.871
Undivided profit for year
$1,825,381
Undiv. profit Oct. 31 1908.. 2,442,016
Total
460,646
117,463
Bullion tax
This item
covers a
heretofore.
Deprec’n & acc.’ts charged oft.
Undivided profit Oct. 31 ’09 $3,893,854
period of three years, no depreciation having been charged oft
25,258
38,606,165 36,872,0S3 |
Total
38,606,165 36,872,083
a Property, &c., in 1909
includes: Mine properties, $35,353,277: mine buildings,
machinery and equipment, $192,096; mine development,
$96,749; office building and
Ohio Fuel
p.
Supply Co., Pittsburgh.
(Report for Fiscal Year ending April 30 1910.)
Recent important changes have been mentioned in
854, 1047, 1365; V. 91, p. 41.
Y
90
RESULTS FOR YEAR ENDING APRIL 30.
1910.
$
Gross Earnings—
Sale of gas
Sale of oil
r.
1909.
S
1910.
$
Deduct—
1909.
$
2,838,506 2,377,728 Producing expenses. 756,103
54,996
62,248 Distributing expenses 178,045
Drilling tools
20,976
50,546 General expenses... 123,938
Int. on dally balances
4,540
3,340 Oil expenses
18,657
Sale of oil leases
68,809 Gas purchased
363,942
Miscellaneous
9,264
6,297 (Bad
2,849
debts
Total gross earns.2,928,282 2,568,968
Net earnings
Dividends,
Total
10%
„.
655,918
166,710
116,955
12,297
329,832
1,647
...
deductions. 1,443,534 1,283,359
1,484,748 1,285,609
825,000
700,000
Balance, surplus
659,748
BALANCE SHEET APRIL 30.
1910.
1909.
1910.
Assets—
$
S
Liabilities—
$
Investments
14,979,338
9,418,740 Capital stock
10,000,000
Material in stock..
169,752
133,059 Accounts payable.
278,496
Cash
183,345
219,336 Inventory adjust¬
Accts. receivable.
811,813
ment account-.
526,722
19,644
Treasury stock
1,000,000
1,000,000 Profit and loss
6,846,108
585,609
1909.
$
8,000,000
1,001,516
22,464
2,273,877
Total
17,144.248 11,297,857
Total
17,144,248 11,297,857
The report of the Ohio Fuel Oil Co., whose shares
(par $1) were distributed to the
shareholders of the Oil Fuel Supply Co. last October, showed as of
April 30 1910:
Stock auth., $500,000, of which $180,000 in the
treasury; bonds, $500,000, of which
$36,000 in treasury; profit and loss surplus, $492,128.
Also gross earnings: Sale of
water, $13,717; sale of gas, $15,475; sale of oil, §559,094; allowance for oil
steamed,
S4.967; drilling tools, $67,565; miscell., $224; total, $661,042.
Expenses: Oil ex¬
$69,778; water expense, $5,524; gas expense. $868; taxes, int.,
gen. exp.,
$32,320; rentals on unoperated leases, $60,242; total,
$168,915; net earnings,
$492,127.
See also Inter-State Gas Co. on a subsequent
page.—V. 91, p. 41
pense,
Maritime Coal,
Railway & Power Co., Ltd.
(Report for Fiscal Year ending Feb. 28 1910.)
INCOME ACCOUNT.
1909-10. 1908-09.
1909-10. 1908-09.
$54,970 $42,220 Bond interest
$33,318 $18,241
14,127
14,438 Interest and discount 5,807
4,128
9,489
9,734 Other deductions
al3,308
8,793
Collieries
Railway
Power rental
Total earnings
a
$78,586 $66,392
Balance, surplus.$26,153 $35,231
Other deductions in 1909-10 include discount
on bonds, $1,119;
sinking
fund, $2,886; bad debts written off, $236; depreciation on
plant, $4,500,
on mining rights,
$1,067; directors’ salaries, $3,500.
and
BALANCE SHEET FEB. 28.
1910.
1909.
Assefs—
$
$
Mini lg rights
1,814,606 1,814,606
Plant & development 667,870
472,539
Railroad & equlpm’t 229,716
227,422
Real estate and store
148,171
131,121
Cash
10,537
3,115
Mining supplies
Coal on hand, unsold
Book debts
Unexp.insur. prem’s
Discount
on
Total
—V. 90, p.
bonds.
_
6,856
3.508
61,193
2,478
40,054
1910.
s
Liabilities—
1909.
s
Capital stock.
2,000,000 2,000,000
32,603
32,603
607,000
476,000
Sinking fund
7,309
4,423
Reserve for deprec’n
10,067
4,500
5,713 Sundry creditors
47,889
50,688
Bills payable
13,550
68,211
40,754 Accrued interest
15,175
2,841
21,556
2,984,988 2,719,667
Reserve fund
Bonds outstanding.
_
Can. Bank of Com.
special loan
Profit and loss acct..
Total
142,000
109,395
83,242
2,984,988 2,719,667
1681.
American Glue Co., Boston.
(Report for Fiscal Year ending May 31 1910.)
The annual results compare as follows:
1909-10.
Net
Prem. from sale of stock
Total
$295,985
50,000
Preferred dlvs. (8%)__
127,772
Common dividends
(6%)48,000
Surplus for year
Previous surplus
Total surplus
1908-09.
$233,867
50,260
$295,985
Depreciation
$284,127
$35,000
104,192
1907-08.
1906-07.
$203,024
$281,912
$203,024
$30,000
$281,912
$80,000
104,154
104,116
(4%)32,000 (6%)48,000 (5%)40,000
$70,213
893,297
$112,935
780,361
$20,909
759,452
$963,510
$893,296
$780,361
$57,758
701,694
•
$759,452
BALANCE SHEET MAY 31.
1910.
1909.
1910.
1909.
Assets—
$
8
Liabilities—
S
S
Cash
146,381)1,394,604 Pref. stock
1
1,600,000 1,600,000
Accounts receivable. 1,328,470[
Common stock
800,000
800,000
Notes receivable
76,313
Notes payable
1,055,000)1,054,290
Mdse.,mfd.&in proc.1,015,578
941,248 Accounts payable
65,165J
Real est. & mach’y.
477,412
508,702 Profit and loss surp. 963,509
893,296
Stocks
owned
Pat. r’ts & good-will
Total
—V. 91, p.
$4,267,397
*373,543
BALANCE SHEET OF GOLDFIELD
CONSOLIDATED MINES CO. OCT. 31,
1909.
1908.
1909.
1908.
Assets—
$
$
Liabilities—
S
S
Property, &c
o35 820,867 36,291,S02 Capital stock
35,588,480 35,398,110
Stocks owned
1, 445,084
Bills payable
400,000
Supplies on hand.
92,144
94,693 Acc’ts payable
94,945
64,906
Ore settlem’ts outst. 476,983
Accr’d bullion tax
34,472
2,320
Acc’ts receivable.
113,150
157,381 Undivided profits 2,888,26S 1,006,748
Loans to sub. cos.
182,000
Bullion, &c., on
hand & in transit
(est. net val.)__
120,490
Unexpired insur..
655
459
Cash
657,281
Total
profits, $1,005,586.—-
V. 90, .p 1680.
739,520
700,000
803,032
700,000
_
..
Total earnings..
*
compressor plant, $60,460; power station and
pole line, $17 965:
miscellaneous real estate, buildings and
equipment, $71,451.
The balance sheet of the Goldfield Consolidated
Milling & Transportation Co
Oct. 31 1909 shows total assets (incl. cash
$708,243), $1,926,269, offset by capital
stock, $400,000; accounts, &c., payable, $520,713; undivided
$3,371,613
30 22
28 46
98 82
Total
_194.479.670
$37 98
$7,386,451
Outlook.—Previous to the past fiscal year the property had been
operated
on a
comparatively small scale with the object of mining high-grade ore,
and your sulphide ores had not been milled on a
commercial scale.
The
new 100-stamp mill has been
proven capable of the economical reduction
of 650 tons of sulphide ore dally, with
high extraction.
Developments
have extended the productive area
laterally as well as downward.
At no
time has there been difficulty in holding
the grade of ore at the average
planned, and In spite of a gross production of 194,479 tonsof orecontaining
$7,386,451, the visible ore reserves have increased.
The discovery of ore
in large quantities in latite formation on the 750
and 900 levels of the Cler¬
mont has exposed ore to a depth of over
1,500 feet from the surface along
the dip of the vein and has developed 450 feet of blacks
below the 600 level
Mohawk, which heretofore was the deepest level on your property.
With the completion of improvements now under
way In the Consoli¬
dated Mill, the capacity of the reduction
plant will be increased to at least
850 tons per day, and profits
equivalent to those of the past year can be
made from ore of much lower grade than heretofore.
If future develop¬
ments continue to increase the
tonnage of ore on the present levels of the
Clermont and expose ore to a depth of 1,600 feet,
placing in reserve approxi
mately 2,000,000 tons, the construction of another unit of the same ca¬
pacity as the present mill will be desirable.
Secretary and Treasurer A.
furniture, $28,868;
Gross Value.
$52 24
313
4,483,674 4,347,587
155.
Total
.4,483,674 4,347,587
GENERAL INVESTMENT NEWS,
RAILROADS, INCLUDING ELECTRIC ROADS.
Waterways Ry.—Hearings Closed.—The
Royal Commission which has been investigating the deal
under which
Alberta & Great
the Alberta Government
guaranteed the $7,400,000 50-year 5% bonds floated in London in Nov. 1909
(V. 89, p. 1346), recently concluded its sessions, stating no
witnesses would be recalled unless there was some
point to
be
cleared up.
It Is
thought the Commission’s finding will not be made public before the
meeting of the Legislature about September.
The guaranty has been
criticized by some as too liberal, and the effect of
coming upon the London
market with a guaranteed 5%
security was, it was said, bound to have an
Injurious effect upon the credit not only of Alberta but also of other
prov¬
inces.
Whatever the Commission may report, the Province, it is
generally
understood, will be bound by the guaranty. Under the terms of the Act
providing for the issue of the securities, the money realized from the sale of
the bonds has been
paid into banks to the credit of a special account in the
name of the Alberta Provincial
Treasurer.
next
^
.
r
The “Monetary Times” of Montreal says that a letter was read before
the Commission from the London house of J. S. Morgan & Co., and that,
“while the contents of the letter were not generally disclosed, It Is under¬
stood that the financial firm has written that Mr. Clark (W. R. & D. O.
Clark of Kansas City—Ed.] obtained no Illegitimate commission; that the
sale of the bonds by Mr. Clark to them was a bona fide one at the terms
specified, and that
[VOL.
THE CHRONICLE
214
no
member of the Alberta Legislature got any
profit out
of the sale.
Purchase of Coupons by Province of Alberta.—The purchase
of/coupons noted last week, it is now stated, was made on
behalf of the Province of Alberta, which guaranteed the
bonds, principal and interest. (Compare V. 89, p. 1346.)
—V. 91, p. 153.
W Buffalo & Susquehanna BR.—Majority of Pref. Stock De¬
posited—Time Extended.—The committee of preferred share¬
holders, J. N. Wallace, Chairman, announces by advertise¬
ment on another page that more than a majority in amount
of the preferred stock has been deposited under the agree¬
ment of May 12 1910, and that the time for the deposit of
thejremaining shares of said pref. stock with the Central
Trust Co., depositary, has been extended until Aug. 8 1910,
after which date no stock will be received except on such con¬
ditions as the committee may impose.
(Compare V. 90, p.
1361.)—V. 91, p. 37.
Buffalo & Susquehanna By.—Offering of Receiver's Cer¬
tificates.—William Salomon & Co., New York, are placing
at par and int. the present issue of $383,000 6% receiver’s
certificates, dated July 1 1910, due July 1 1911, but redeema¬
ble at any time at 101 and int.
These certificates are part
of a total auth. issue of $750,000, and they have a prior lien
on all property in hands of the receiver of the Buffalo & Sus¬
quehanna Ry. ahead of that company’s $6,000,000 1st
M. 4J^s.
Int. J. & J. at office of William Salomon & Co.,
Chicago & Alton RR.—No Action
LXXXXI.
Common Stock Divi¬
regarding the divi¬
dend usually paid Aug. 15 on the common stock; and the
impression gains strength that there will be no dividend
declared at this time on the common shares.
Compare
V. 90, p. 1613.
Chicago Consolidated Traction Co.—Decision as to Cicero
& Proviso Bonds.—Judge Grosscup on July 19 announced his
decision as umpire in the controversy between the bond¬
holders of the Cicero & Proviso Street Ry. Co. and the Chi¬
cago Railways Co.
Judge Grosscup was assisted in an ad¬
visory capacity by Calvin G. Goodrich, President of the Twin
City Rapid Transit Ry. Co. of Minneapolis, and George G.
Moore, Chairnian of the Michigan United Rys. of Detroit.
The finding is as follows:
on
dend.-—No formal action has been taken
We adopt the reorganization plan as made, requiring that $381,000 of
paid by the Chicago Railways Co. In cash.
We adopt the reorganization plan in so far as it provides for the pay¬
ment of the back interest by funding bonds.
(3) We find the value of the Cicero & Proviso properties to be $1,260,000,
Instead of $1,150,000.
(4) We divide the securities to be given to the holders of the bonds
[total issue $2,000,000.—Ed.] as follows: $630,000 of purchase bonds and
$650,000 of funding bonds instead of $300,000 of purchase bonds and
$850,000 of funding bonds, as provided in the original plan.
(Compare
V. 90, p. 1613.)—V. 91, p. 37, 153.
(1)
receiver’s certificates be
(2)
Chicago Great Western RR.—Leavenworth Terminals
Acquired.—The company has purchased the Leavenworth
Terminal Railway & Bridge Co. or control of its stock.
The
capitalization of the latter is $600,000 stock and the same
amount of bonds.—V. 90, p. 1554.
Cicero & Proviso Street Ry., Chicago.—Decision.—See
Chicago Consolidated Traction Co. above.—V. 88, p. 100.
Cleveland (Electric) Ry.—Earnings, &c.—The results of
New York.
A circular says:
operation for the 4 months ending June 30 (the new ordinance
These certificates are Issued under authority given by the Supreme Court
under which 3-cent fares are charged having gone into effect
of the State of New York to provide funds with which to discharge certain
on March 1)
are said to show a deficit of $78,828, the deficit
claims against the railway company; to meet the payment of July 1 1910
equity for June alone having been $48,927.
on locomotive and car equipment In which the company has a large
The directors on July
growing out of previous payments; to take up all other outstanding receiv¬
16 voted to borrow $250,000 to meet outstanding obligations.
er’s certificates, and to provide for current needs#
The total Issue under the
present Court order Is limited to $750,000, Including the $383,000 certificates —V. 90, p. 1675.
now Issued.
Provision Is made whereby any receiver’s certificates In addi¬
Colorado & Southern Ry.—Listed.—The New York Stock
tion to the $750,000 certificates already authorized will rank as a junior
lien thereto.
has listed $3,000,000 additional “refunding and
Exchange
The certificates rank as a prior lien on the entire property of the Buffalo
extension” mtge. 4Yi% bonds, due 1935, making the total
& Susquehanna Ry. now In the hands of the receiver, including: (a) Rail¬
_
way
from Wellsvllle, N. Y., to
„
_
.
Buffalo, N. Y., >86.55 miles of main track;
(b) terminal property on Lake Erie In City of Buffalo; (c) equipment (not
Included under car trusts) valued at approximately $330,000; (d) an equity
valued at about $800,000 in equipment covered by equipment trust obli¬
gations which are being retired serially.—V. 91, p. 153, 37.
Charleston (S. C.) Consolidated Ry. & Lighting Co.—
Lease.—This new company, with $2,000,000 capital stock in
$50 shares, all outstanding, consisting of $500,000 6% pref.
stock and $1,500,000 common, its officers being P. H. Gads¬
den, Pres., Walton Clark and G. H. Waring, Vice-Presidents,
W. F. Douthirt, Secretary, and Lewis Lillie, Treasurer, took
over under 99-year lease, on June 21, the property of the
Charleston Consolidated Ry., Gas & Electric Co. per plan
in V. 90, p. 1101, 1169.
The lease guarantees rentals suf¬
ficient to pay
6% dividends
on
$500,000 pref. stock and
on the $1,500,000 common stock as follows: 4%
July 1 1911, 5% to Jan. 1 1913, 6% thereafter; also the
interest on the outstanding bonds.
Messrs. Clark, Lillie and
Douthirt are respectively 3d Vice-Pres., 4th Vice-Pres, (and
Treas.) and Sec. of the United Gas Improvement Co. of
Philadelphia.—V. 90, p. 1101.
dividends
to
Chattanooga Southern RR.—Sale.—With a view pre¬
sumably to clearing title for purpose of transfer to the New¬
man Erb interests (see V. 90, p. 848, 771), Alexander R.
Gulick, referee, gives notice that, in pursuance of a decree of
foreclosure entered in the Supreme Court, New York County,
July 15, in the case of H. A. V. Post and others, plaintiffs,
against Metropolitan Trust Co. and others, defendants, he
will sell at public auction, at Nos. 14 and 16 Vesey St.,
N. Y. City, on Aug. 1 1910, by Adrian H. Muller & Son,
auctioneers, the following property, upset price $50,000:
1,440 bonds Chattanooga Southern Railway Co.
11,522 shares of capital stock of Chattanooga Southern Railway Co.
of deposited bonds or other bonds of Chatta¬
Southern Railway Co.
7,500 shares of pref. stock of Chattanooga Southern Railroad Co.
22,500 shares of common stock of Chattanooga Southern Railroad Co.
All Interest of the reorganization committee of the Chattanooga Southern
Ry. Co. In the bonds and stock or to the assets of the Chattanooga
Matured unpaid coupons
nooga
Southern Railroad Co.
All rights and property of every kind, constituting the principal of the trust
created by agreement dated Feb. 1 1892 between the holders of
the first mtge. bonds of the Chattanooga Southern Railway Co.
(secured by mtge. dated Nov. 30 1899, to the Central Trust Co. of
N. Y., trustee), the holders of matured unpaid coupons
and of
capital stock of said Railway Co., parties of the first part; H. A. V.
Post and others, of the second part; and the Atlantic Trust Co.
of the third part—V. 90, p. 848, 771.
Chesapeake & Ohio Ry.—Bonds.—With reference to the
equipment bonds, and also to the bonds of the new
Indiana company which were mentioned last week (p. 153),
new
an
official statement says:
The management
does not contemplate the Issue of equipment bonds
In the near future.
When present plans are completed, the Chesapeake & Ohio RR. of Indiana
the successor of the Chicago Cincinnati & Louisville RR. Co., will have out¬
standing $8,200,000 bonds and $3,000,000 stock.
No part of either will
be offered tb the public, as the entire Issue of each will be held in the C. & O.
treasury.
They about cover the purchase price and obligations assumed
thereunder In the C. C. & L. acquisition.
Decision.—Judge Burdett in the Circuit Court on June 27
dissolved the temporary injunction granted in June 1909
restraining the enforcement of the 2-cent passenger law passed
by the West Virginia Legislature in 1907.
The company is ordered to refund
fares collected over 2 cents per mile.
allow for an appeal to be taken.—V.
to holders of coupons the excess of
A stay of 60 days was granted to
91, p. 153.
amount
listed
date
to
$27,882,000.
Purposes Jot which $3,000,000 Bonds Listed Have Been Issued.
For $68,000 1st M. 5% and $194,000 2d M. 5% bonds of Colo.
Springs & Cripple Creek District Ry., retired by sinking funds.. $262,000
Betterments and Improvements for 1909 ($48,242 having already
been appropriated for additional tracks, structures, machinery
and bridges, and $754,868 being now held for future expendi¬
tures)
803,110
To acquire the following securities of other lines, viz.:
(а) $100,000 stock and $176,000 1st M. 6% bonds of Denver &
225,631
Interurban RR
1
63,520
(б) $60,576 stock of Ft. Worth & Denver City Ry
(c) $81,600 stock and $1,872,880 1st M. 6% bonds of Stamford
1,645,739
& Northwestern Ry
—V. 90, p. 372.
Commonwealth Power, Railway & Light Co., Michigan.—
Second Dividend on Preferred.—A
of 1K% has been declared on the
second quarterly dividend
$6,000,000 6% cumulative
preferred stock, payable Aug. 1 to holders of record July 18.
The same amount was paid May 1 last.—Y. 91, p. 38.
Grand Trunk Pacific Ry.—Bonds Offered in London.—
Subscription books were to close at the Bank of Montreal
in London on July 20 for £2,000,000 3% 1st M. bonds due
1962, bearing the guaranty of the Dominion Government,
which were offered at 82^.
There had previously been
listed on the London Stock Exchange £5,200,000 of this
issue.—V. 90, p. 1044.
Jamestown Chautauqua & Lake Erie RR.—Application to
Electrify Road.—The company, whose road, extending from
Westfield to Jamestown, N. Y., 373^ miles, is operated by
the Buffalo & Lake Erie Traction Co., has applied to the
Public Service Commission, Second District, for permission
electrify its line. The road has been operated by steam
and, presumably, the freight traffic will continue to be
to
handled in this manner.
Kentucky & Indiana Bridge Co .—Extension of Leases—
Mortgage.—The “Louisville Courier-Journal” July 15 said:
As has been arranged for some time, the agreement between the Balti¬
& Ohio Southwestern, the Chicago Indianapolis & Louisville, the
Southern Railroad companies and the Kentucky & Indiana Bridge & RR.
Co. for the organization of a new company to build a new Kentucky &
Indiana bridge over the Ohio was filed in the County Clerk’s office late
more
yesterday afternoon.
The effect of the agreement is to extend the lease
companies deem it neces¬
old bridge.
agree¬
99 years, and simply states that the three railroad
The
sary to erect a new structure to take the place of the
ment stipulates that bonds In the sum of $10,000,000 will be Issued
the terms of a deed to the Standard Trust Co. of New York.
It is provided in the agreement that no other
shall use the
unless the consent of at least five directors shall be secured.
railroad
Schedule of
under
bridge
Valuation of Properties of Kentucky & Indiana Bridge Co.
Given in the Agreement.
Bridge and approaches
$1,058,427
Railroad from 13th and Marine to Baltimore & Ohio and Monon
freight yards, Youngstown yards, &c
658,249
Railroads from Youngstown to 7th and Magnolia Ave
314,339
The agreement was signed by the railroads June 1 1910.
Compare
V. 90, p. 1676; V. 91, p. 38.
Leavenworth Terminal Railway & Bridge Co.—Sale.—See
Chicago Great Western.—V. 89, p. 1597.
Manila Railroad (Southern Lines).—Offering of Bonds with
Interest Guaranteed by the Government of the Philippine Islands.
—Speyer & Co., New York, are offering at 86 and int., by
advertisement on another page, $2,000,000 1st M. 4% gold
bonds, due May 1 1939 but subject to call as a whole or under
sinking fund provisions at company’s option at 110 and int.
on
N.
any
interest date after 3 months’ notice. Interest M. &
Philippine Islands guarantees
The Government of the
July 23 1910
]
THE CHRONICLE
315
“[Ferrocarril] Mexicano del Centro” RR.—Bonds Offered
capital stock
$3,000,000, has been receiving subscriptions at its Paris
office (20 Rue Saint-Georges) at about 90 (fr. 232.50) for
27,000 1st M. 5% bonds of the par of value 100 piastres (pay¬
able at 258 francs),principal due May 1 1930, being part of a
total authorized issue of 3,900,000 piastres (say, $1,900,000
therein, or the Philippine Islands.
U. S. money), with interest guaranteed for 20 years by the
Statement Authorized by Secretary aj United States Treasury.
"The first mortgage 4% gold bonds of the Manila RR. Co. (Southern
State of Zacatecas, Mexico, payable M. & N. at Paris and
Lines). Issued In 1010 and guaranteed as to Interest by the Philippine Gov¬
in cities of Zacatecas and Monterrey, Mex., free of all
ernment, will be accepted by the Treasury Depiutment as security for de¬
Mexican and French impost taxes.
posits of the public money of the United States In national banks on the
The remaining 12,000
•HLmn terms as the bonds of the Philippine Railway Co., at 90% of their
payment of 4% interest per annum on the face value of the
above $2,000,000 bonds by endorsement on each bond, by
virtue of Act of Congress of the United States of America.
Par $1,000 (c* & r*).
Prin. and int. payable without
deduction for any taxes under any present or future law
of the United States, State,
county or municipality
market value, but not to exceed 90% of their par value, whenever further
deposits are to be made." [These bonds, therefore, may be substituted
for any bonds now on deposit to secure public moneys, except United States
bonds and the Philippine. Porto Rico, District of Columbia and Territory
The Treasury Department, when the deposit of public
of Hawaii bonds.
moneys
with the various national banks is reduced, will require that
State,
city and railroad bonds be withdrawn before the Philippine Ry. Co.and the
V«nii* rr. Co. (Southern Lines) bonds, but will require that the Philippine
Ry Co. and the Manila RR. Co. (Southern Lines) bonds be withdrawn
before the United States, Porto Rico, District of Columbia and Territory
of Hawaii bonds are withdrawn.]
Statement Authorized by United States War Department.
"Pursuant to Act No. 1493 of the Philippine Commission, enacted May
24 1906, amended by Act No. 1620, enacted March 22 1907, these bonds
are legal Investment for the Philippine Postal Savings Bank.
"In view of the fact that the Philippine Government has granted a con¬
cession to the Manila RR. Co. for the construction of certain railroads,
and has executed the contract of guaranty of the Interest of their bonds,
and in view of the fact that the Philippine Government realizes the para¬
mount necessity of railroads for the welfare of the Philippine people, and
In view of the intense Interest which the Philippine Government takes in
the success of the enterprise undertaken by the Manila RR. Co., the Secre¬
tary of War authorizes the Bureau of Insular Affairs to receive subscriptions
for these bonds.”
Subscriptions will be received simultaneously in Wash¬
ington, D. C., by the Bureau of Insular Affairs, U. S. War
Department; in London by Messrs. Speyer Brothers and
Hongkong & Shanghai Banking Corporation.
Application
will be made to list the bonds in New York and London.
Abstract of Letter from President and General Manager
Horace L. Higgins,
Manila, June 7 1910.
succeeded the old English company holding
concessions from the Spanish Government, was organized In 1906 under
laws of New Jersey; and by concessionary grant of Aug. 28 1906, amended
by Act No. 1714 of Philippine Commission enacted Sept. 18 1907; and a
supplementary concessionary grant dated Aug. 2 1909: holds concessions
for 820 miles of railroad In the Island of Luzon.
All the share capital ($3,652,800 7% cum. pref. stock and $2,130,700 common stock), except
shares to qualify directors. Is owned by Manila Ry. Co. (1906), Ltd.
The concessions admit free of duty construction material and equip¬
ment (these to be of good quality and design), and provide that all plans for
work shall be subject to approval by the Gov.-General of the Philippines,
and that all bills and construction accounts shall be subject to the audit of
the Philippine Govt.; also that there shall be paid annually, for 30 years,
an amount equal to H of 1 % and for 50 years thereafter 1
of the
The Manila R. R. Co.,which
gross earnings in lieu of all taxes.
Two of the directors. Col. Frank Mc¬
Intyre and Paul Charlton, were appointed by the Philippine Government
under Act of Congress.
The company’s lines comprise (aside from suburban electric lines) the
entire railroad system of Luzon, the chief of the Philippine Islands, Its
population by latest census being 3,798,000 and area 40,969 sq. miles,
Including Manila, the capital, (est. population about 220,000.)
The lines
(1) the
north of
which will comprise approximately 470
Manila; (2) the “Southern Lines,
miles, all but about 20 miles to the south of Manila, and a Port Line in
Manila connecting with the Government wharves and warehouses.
There
are now In operation 286 miles of the Northern Lines and approximately
60 miles of the Southern Lines.
The two systems (and their accounts) are
required to be kept distinct, as if owned by separate companies, but under
the same management, with every facility for a free exchange of traffic.
The greater part of the above-mentioned
286 miles of the Northern
Lines has been opened for traffic for years, and their earnings have shown
a steady and material Increase.
Of the Southern Lines, approximately
60 miles are open for traffic.
From the operating results so far obtained.
It Is confidently anticipated that the net revenue for 1910, the first com¬
plete year of operation, will already be about sufficient to meet the annual
Interest on the $2,000,000 bonds now offered. The 470 miles constituting
the Southern Lines will traverse a highly productive agricultural country
authorized will form a railroad of 820 miles, divided Into
"Northern Lines," to comprise approximately 350 miles to the
reaching all the Important towns of Southern Luzon.
The above S^.OOO.JuO bonds are part of a total authorized issue limited
to $31),000,000 being a direct first mortgage (Farmers’ Loan & Trust Co.,
N. Y., trustee) on t^e whole of the Southern Lines and the equipment
thereof.
Under Act of Congress of the U. S. of A., approved Feb. 6 1905,
the Govt, of the Philippine Isl. guarantees 4% interest on the above $2^000,000 bonds (and on ill future Issues under the mt?e.) by endorsement on
each bond.
Any payments made by the Government under its guaranty
are to be repaid only at maturity of the bonds, and the lien of the Govt, to
secure repayment Is subject to the lien of this
mortgage.
Bonds can be
Issued only to the extent of the cost of railroad and equipment constructed
or acquired prior to the supplementary grant of 1909, and to the extent of
95% of the cost of lines of railroad and equipment constructed or acquired
subseqtient to such grant, but only on certificates of cost approved by the
Philippine Govt, or by the U. S. Secretary or Asst. Sec. of War. The
$2,000,000 bonds now offered are issued on account of the actual cost of the
Southern Lines (also equipment), constructed or acquired prior to the
supplementary grant of 1909.
Both principal and interest are payable
in N. Y. in U. S. gold culn; or, in case of coupon bonds, at holder’s option,
In London at $4 86 per £: or in Frankfort o-Main or Berlin at marks 4.20
per dollar: or in Amsterdam at florins 2.48 per dollar, or, if made payable
fn France, Belgium or Switzerland, at 5.16 francs per dollar.
The company
covenants that after Anril 30 1919 it will not in any year
pay a dividend upon its capital stock out of the earnings of the Southern
Lines unless it shall have paid to the trustee annually for the redemption
of bonds sums as follows:
From May 1 1919 to April 30 1928 an amount
equal to H of 1% of bonds outstanding at date of payment; and from
May 1 1928 to maturity, 1% yearlv.—V. 90, p. 503.
Mexican
Ry., Ltd.—Further Particulars.—This
company, with office in London, its capital stock being
£130,000, recently had 9,750 of its 1st M. 6% bonds (par £20
or 500 francs) offered at 93 in Paris.
A circular (in French)
reports:
Union
Capital stock, £130,000, or 3,250,000 francs. The company has the right
to Issue bonds (Including the present 9,750) at the rate of £3,000 per kilom¬
eter on line already constructed or on extensions hereafter constructed,
under construction or about to be constructed.
Bonds redeemable In 60
years beginning 1920 by annual drawings or by purchase, with the privilege
to the company of redemption before maturity on any F. & A, beginning
Feb. 1 1916 at 110 on 6 mos. notice.
Administrative body: Arthur Town¬
send, 101 Leadenhall St., London E.C., President of Blake SS. Co., Ltd.;
Sir James Pender, Salisbury; N. Grattan Doyle, Lough brow, Hexham;
Bernard W. Crisp, 4 Austin Friars, London E.C.
Bankers: Banque de
Rome, Paris; London City & Midland Bank, Ltd., London E. C.
The first section from Torres on the Southern Pacific to Represo, 30
kilometres (or with branches 35 kilometres), has been completed, and a
contract has been given for the construction of a further 30 kilometres Into
a thickly wooded district.
An additional extension of 50 k. m. will take
the line to the mining district of San Javier, and application will be made
for a concession for a further 35 kilometres to the River Yaqul, a total dis¬
tance of 145 kilometres from Torres.
With the first 60 kilometres in opera¬
tion it Is estltnated that the earnings will be: Gross, £30,000; net available
for Interest, £15,500.
At the expiration of the concession the railroad will
become the property of the nation.—V. 91, p. 39.
in Paris—Interest Guaranteed.—This company,
bonds
are
in the
treasury.
The company holds concessions for railroad lines from Camacho to Bo¬
nanza via Tecolote and Cedros and from Cedros to Salaverna via Mazapil in
the State of Zacatecas, Mexico.
The Government of this State, it Is an¬
nounced, has been authorized by the Congress to guarantee 5% Interest on
this sumr of 3,900,000 piastres.
Board of Managers: Francisco Madero
(President), Manager of the Bank of Central Mexico; Rafael Hernandez,
Vice-Pres.; Gustavo A. Madero; Monterrey; Rodolfo J. Garcia, Alfonso
Madero, Monterrey; Rafael P. Urbina, Secretary.
New
Hampshire Electric Rys.—Dividend Increased.—A
dividend of 1%% has been declared on the $3,399,500 4%
non-cumulative preferred stock, payable July 30 to holders
of record July 20, comparing with 1% semi-annually since
July 1908.—V. 90,
p.
237.
Pacific Gas & Electric Co. of
California.—Acquisitions.—
it is announced, has purchased the lighting
plants and water-supply stations situated at Wheatland,
Lincoln, Davis, Roseville, Cordelia, Elmira, Winters, Dixon,
Rio Vista and Benicia, Cal.
The company,
Most, if not all, of these local plants have for some years past been buying
the company's current, as, for instance, the Dixon Light & Water Co.,
the Solfano Gas & El. Co. of Benicia, &c.; Lincoln El. P. Co., Davis Lt. 6b
Water Co.. Rio Vista El. Lt. & P. Co.—V. 90. p. 1677.
Peoria
Railway & Terminal Co.—Sale of Income Bonds.—
F. J. Lisman & Go., who in Nov. 1909 asked for the deposit
of Peoria Ry. Terminal income bonds (V. 89, p. 1281), have
disposed of all the securities at a price satisfactory to the
bondholders.—V. 89, p. 1281.
Quebec Railway, Light, Heat & Power Co.—Fully Listed
company’s shares were on July 7 placed on
“en Banque de Paris.” See full particulars
V. 91, p. 95.
Rates.—The following are recent changes, &c.:
in Paris.—The
the regular list
Freight Rates.—Voluntarily Suspended to Nov. 1.—Chairman Knapp of
the Inter-State Commerce Commission on July 20 announced: "It being
understood that the Commission would exercise Its authority under the
new law and suspend all general and Important rate advances made for
the purpose of increasing revenue, the principal carriers in official classifi¬
cation territory [including all roads In central territory and east of Chi¬
cago.—Ed.], through a committee appointed for that purpose, proposed
to-day voluntarily to postpone the effective date [from Aug. 1.—Ed.] of
such advanced rates until Nov. 1 next, and an arrangement to that effect
was made after a conference with the Commission.
This will not delay
Investigation and decision as to the reasonableness of the proposed ad¬
vances, but will obviate the necessity at this time for numerous suspension
orders which otherwise would be made.”
The Western trunk lines yesterday agreed to a similar suspension, which
course Is expected to be followed
generally by the roads that have filed
notices of increase of rates.
A large number of tariffs, most of them making advances in freight rates
to take effect Aug. 10 to 15, were filed last week In the office of the Public
Service Commission, Second District.
These include an advance In car¬
load rates of lc. per 100 lbs. on grain and grain products between points in
the State by the roads In the New York Central and Erie systems, by the
Lehigh Valley, Lackawanna; Buffalo Rochester & Pittsburgh, and others,
advances in amounts ranging from Me. to 2c. per 100 lbs. on numerous lowThe taking effect of some
grade commodities, and Increases in class rates.
of the rates, as well as those published to take effect Aug. 1, may, it is
stated, be suspended on account of the relation they bear to rates applying
to Inter-State commerce, which have been suspended by the Inter-State
Commerce Commission pending investigation.
Passenger Rates.—The committee representing objecting New Jersey
commuters on lines running out of New York decided this week not to
attempt to prevent through the courts the Increased rates from going Into
effect.
The rates became operative on July 20.
The Texas Legislature at Its special session which began July 19, lt Is
reported, will be asked by Gov. Campbell to pass a 2-cent rate law.
The
present rate Is 2 cents, unsuccessful efforts having been made at the last
regular and special sessions to reduce the same to 2 cents as per the Gover¬
nor’s recommendations.
The New York New Haven & Hartford announces that after to-day
passengers using mileage tickets to or from New York will be required to
surrender two extra coupons, the addition of four cents being made to
provide for a terminal charge on account of the increased expense of main¬
taining the new Grand Central terminal.
This appears to nave been the
reason for the Increase of five cents In single-trip tickets a few weeks ago.
—V. 91, p. 155, 39.
Southern Indiana
Ry.—Coupon Payment.—The committee
4% bonds, Anton G. HodenpylChair¬
man, announces by circular dated July 18 that the Court has
directed the receiver to deposit with the Bankers’ Trust Co.,
N. Y., the funds to pay the installment of interest due Aug. 1
1909, together with one year’s interest thereon at 6% per
annum, in all $21 20 per bond.
of holders of 1st M.
Coupons attached to bonds deposited under the protective agreement will
be presented for payment by the depositaries, and on and after Aug. 1 1910
each depositor will receive the amount collected upon the bonds deposited
by him, upon presenting or mailing his certificate of deposit direct to the
depositary which Issued it; that Is, to the Bankers’ Trust Co., New York;
the Girard Trust Co., Philadelphia, or to the American Trust Co., Boston,
as the case may be.—V. 91, p. 155.
Virginian Ry.—Agreement for Equipment.—The company
Norfolk, Va., an agreement for the purchase of
1,000 steel gondola cars at $1,177 each from the Pressed
Steel Car Co., Pittsburgh., Pa.
This covers the cars ordered
March 14.
No equipment bonds have yet been issued on
account of the purchase.—V. 89, p. 1224.
has filed at
Wabash-Pittsburgh Terminal Ry.—New Committee Agree¬
ment.—The new committee for the protection of the interests
of the first mortgage bondholders are preparing an agreement
which will be ready probably next week.
The names of this
committee were given in the “Chronicle” issue of July 2,
p. 39.
Deposits will be asked under the agreement
the bonds and the Wallace committee certificates of
—V. 91, p.
96.
of both
deposit.
16
THE CHRONICLE
Wages.—The following
developments:
are recent
Pennsylvania Strike Settlement.—The Pennsylvania RR. announced on
July 18 that, at a conference that day between General Manager Myers and
the committees representing the trainmen and
conductors on the lines
east of Pittsburgh, the men
accepted the General Manager’s proposition,
which In substance was that the company would
put Into effect working
conditions, Including a minimum day, as detailed in the New York Central
award, leaving the company’s high rates stand, but not Increasing them
by making the ten-hour day apply to the rates which were made to fit an
eleven and twelve-hour day.
It Is thought It may take about another week
to arrange the necessary details and
adjustments.
Officials ax-e quoted
as claiming that the settlement will not increase the
wage account.
On the lines west of Pittsburgh, on which the men also voted in favor
of a strike unless their demands were complied with (see “Financial Situa¬
tion,” page 117, in last week’s Issue), many Items remain to be harmonized
and a longer time may be necessary to arrive at an amicable adjustment.
Grand Trunk of Canada Strike.—The conductors, trainmen and yardmen
on the entire Grand Trunk
system, including the Central Vermont and the
Michigan lines, were called out in a strike for higher wages at 9:30 p. m.
Monday, resulting for several days in a complete tieing-up of freight but
not of passenger traffic. Strike-breakers are
being employed and company
has begun to handle freight and hopes soon to have same moving freely.
The strike, it is said, affects 4,500 men on the Grand Trunk, 350 on the
Central Vermont and 350 men called out on the Wabash line between
Buffalo and Windsor, which runs over the Grand Trunk tracks.
The com¬
pany offered to give an increase of approximately 18% with the further
promise of the same standard rate of pay as the Canadian Pacific as soon as
the Grand Trunk through its relation with the Grand Trunk Pacific is in a
position to participate in the higher rates obtaining on traffic in the North¬
west, which it was agreed would be not later than Jan. 1 1913, or earlier
if the Board of Railway Commissioners, on hearing the facts should so
This and the further offer of the company of arbitration by
determine.
a board of railway experts was refused by the men, who, however, yesterday
accepted the suggeston of Canadian Minister of Labor King for arbitration
by a board to be named by the Government. The company’s answer to
the Government’s proposition, sent by mail, had not been made public
up to yesterday afternoon.
Canadian Pacific—Increase of Wages.—An agreement, it is stated, has
been reached between the Canadian Pacific and Its trainmen and con¬
ductors under which the company will recognize the standard rate for the
territory east of Chicago as paid by United States roads.
This was the
principal contention. This amounts, it Is reported, to about a 45% In¬
crease In the scale.
Settlement is retroactive to May 1.—V. 91, p. 96.
Delaware A Hudson Co.—Officials of the company on July 20 refused to
compromise with representatives of the striking section laborers and fore¬
men, Involving about 1,200 men.
It is said the company has more appli¬
cations than places to be filled.
The laborers asked 17 instead of 15 cents
an hour and the foremen an increase of $5 to $10 per month.
Pennsylvania Coal Strike Settled.—The mine workers of the Pennsylvania
Coal Co. (about 12,000 In number), whohadbeen on strike for three weeks,
returned to work on June 8.
Republic Iron A Steel Co. Settlement.—An agreement was reached this
week with the Amalgamated Association on the wage scale for the
coming
year.
Puddlers will receive $6 12 K on a 1.45c. card, representing anadvance of 50c. from the 1909 basis: on busheling the advances
range from
7Hc. to 37 J^c. a ton, and to finishers the increases are from 3 Vi to 4.7%.
V. 91, p. 96.
A new scale, It is expected, will be signed shortly between
the Amalgamated Ass’n and the Western Bar Iron Ass’n.—V. 91, p. 96.
Western Pacific By.—Opening of Passenger Service.—The
date of Aug. 22 has been officially announced for the
opening
of the new Western Pacific to through passenger traffic,
dependent
on the delivery by the Pullman Co. of the steel
coaches and by the American Car & Foundry Co. of the steel
baggage and
which
express cars,
six months in
are
arrears.
H. M. Adams, Freight Traffic Manager, is reported as
saying that the
new line is in excellent condition and is
moving freight on regular schedule.
The principal towns in California reached by the new line are
Marysville,
Sacramento,
Francisco.—V. 90, p. 772.
Oakland,
Stockton,
Oroville,
Lathrop,
Niles
and
San
Wheeling & Lake Erie RR.—Receiver’s Certificates.—Judge
Tayler in the United States Circuit Court has authorized
receiver Worthington to issue receiver's certificates to the
amount of $188,500 to complete the Brewster
shops. The
receiver’s request for permission to issue an additional
$220,000 certificates for purchase of tools, construction of
stations, &c., was refused by the Court. The new issue will
be purchased by Kuhn, Loeb & Co. and Blair & Co.
Per¬
mission was granted to extend for one year $107,350 certifi¬
cates due July 1 1910 and to extend for two months
$234,000
due Sept. 1 1910.—V. 91, p. 96, 40.
INDUSTRIAL, GAS AND MISCELLANEOUS.
Amalgamated Copper Co.—Reports Filed in Montana.—
The “Engineering & Mining Journal” on June 23
published
the following resume of the reports for the
year 1909-10 filed
with the Montana authorities:
Reports of Butte Mines for Years ending June 1 1811.
Boston A
Anaconda.
Tons of
ore
extracted
1,372,402
Butte A
Boston.
on ore
Cost of reduction
Cost of marketing
...
Total cost
Net earnings (year'09-TO)
Net earnings (year ’08-’09)
$9,843,657 $10,168,761 $2,667,994 $3,462,943
$1,314,860
$2,956,792 $1,039,270
$754,661
2,079,871
1,404,783
646,198
1,839,442
i
Trenton.
Tons of
ore
extracted-
Gross proceeds
Cost of mining
Freight
North
Butte.
377,106
430,124
....$11,158,517 $13,125,554 $3,707,264 $4,217,604
5,558,527
4,263,538
1,265,946
1,612,921
165,973
813,639
72,669
51,614
2,845,861
3,579,893
948,924
1,798,407
1,273,294
1,001,644
380,453
Gross proceeds.
Cost of mining..
Freight
Montana.
1,291,346
150,867
Washoe.
203,50
Parrott.
Red MetalCoalition.
Alice.
88,416
547,463
1,415
$1,334,224 $1,549,640 $652,093 $4,839,126 $17,320
649,896
785,728
532,962
2,007,771
20,701
on ore
Cost of reduction
Cost of marketing
18,328
301,692
129,214
24,516
416,290
151,000
12,164
180,505
74,958
101,355
2,034,616
Total cost
$1,099,132 $1,377,535 $800,589 $4,143,743
Net earns.(yr.’09-TO)
$235,092
$172,105 *148,496
$695,382
Net earns.(yr.’08-’09)
136,898
153,444
*12,221
•Deficit. (Compare V.89,p.283: V. 90, p. 1550, 1551,
*$3,381
1552.)—V.90.P.1550
American Caramel Co.—Dividends
Common Resumed.—
A dividend of 4% has been declared on the
$1,000,000 com¬
mon stock, payable in quarterly installments of
1% each,
beginning Sept. 1. This is the first common dividend since
on
1908.
Previous Dividend Record
1899.
1900.
1902.
1901.
1903-1904.
3
4
4
\XA
None.
—V. 88, p. 880.
(Per Cent).
1905.
4 y2
1906.
8
1907.
1908
8
7
y2
American Petroleum Co. of California.—Status Dec. 1 1909.
dividend rate has been temporarily reduced from
—The
12% to 8%,
as
stated in V. 91,
p.
96.
issued Dec. 1 1909 said in substance:
An official circular
[VoL.
LXXXXI
17 1908Auth. capital, pref., $2,500,000;
common, $12,500,000.
Issued to Dec. 1 1909: Pref., 17,511
shares; common, 101,798
shares; shares $100 each. Pref. stock is 6% unlimited but
not cumulative;
must receive 6% before common can
receive anything, but can never re¬
ceive less than the common.
Bond issue, $2,000,000, dated June 1 1908;
6%; 12 years; coupons J. & D.; sinking fund from June 1
1910,
bonds out; bonds payable at option of holder after annually,
June 1914
on 60 days notice at
94; and callable by company at 106.
Southern Trust
Angeles, trustee. Par, $1,000, $500 and $100. Bonds out
fo- Los
Has
paid dividends from the 8th month of Its existence: (a)
quarterly,
both pref. and common. No. 1
[at annual rate of], 6% on pref. and 2%
common; No. 2, 6% on pref. and 4% on common; thereafter
6% on all
stock alike,
(b) Monthly beginning Nov. 1 1909 at
12% per annum.
First oil sold from Niles June 1908; from
Coallnga, Nov. 1908. Tota
sales thus far,
$925,826.
Total expenditures for land, permanent de¬
on
on
velopments, operations, <Sec., $3,774,322.
Property.—(a) At Coallnga, Fresno County, Cal.,
substantially 1,400
of best oll-bearlng land In
California, underlaid by four strata of rich
oil sand below the surface from 1,000 to 2,400
feet, estimated oil per acre,
60,000 to 136,000 bbls., or 85,000.000 bbls. on the whole
property.
Ten
flowing and 8 pumping wells, which have produced for several
months an
average of over 600 bbls. each per day.
Twelve wells are now drilling and
12 more proejcted for the near future.
Has four 55,000 bbl. steel tanks,
eight 1,250-bbl. tanks,
(b) 90% of stock of Niles Lease Co., operating 80
acres of oil land near Sherman
Junction, 9 miles west of Los Angeles.
Lease has nearly 19 years yet to run.
Eight producing wells, mostly pump
ng; two 30,000-bbl. tanks,
(c) 25% of stock of Grador Oil Co. (capital
$250,000) and 22% of stock of McDor Oil Co. (capital
$100,000), both
drilling on adjoining land but not yet producing for market.
The producing territory Is only a tenth
part drilled, the life-time of each
well Is probably 30 years, and at least 10,000 barrels
per day of oil is sold
for five years to come at prices practically
fixed; averaging about 58 cts.
per bbl.—V. 91. p. 96.
acres
American Sugar Refining Co., New York.—New
Secretary.
—Assistant General Counsel Joseph E. Freeman has been
elected Secretary, to succeed C. R. Heike, who
resigned on
90, p. 1679.
American Telephone & Telegraph Co.—Control Purchase.
—See Michigan State Telephone Co. below.—V.
91, p. 150.
Anaconda Copper Mining Co.—Boston & Montana In¬
creases Dividend.—The Boston & Montana has
declared a
quarterly dividend of $2 per share (8%) and $2 extra on its
$3,750,000 stock, an increase of $1 per quarter over recent
June 14.—V.
dividends.
The announcement states that the dividend
was
paid out of money received from the company’s holdings of
Anaconda stock.—Y. 90, p. 1557.
Armour & Co. (Packers), Chicago— Indictment.—The
United States Grand Jury before Judge
Speer in the Federal
Court at Savannah, Ga., on April 30 returned an indictment
charging violation of Sherman Anti-Trust
Law
against—
Armour & Co., Cudahy & Co., Schwarzschild &
Sulzberger Beef Co.,
Swift & Co. and the Nelson Morris Co., as
corporations, and their local
managers.
It is charged that between June 10 and
Aug. 1 1908, the defendants
effected a combination whereby they fixed
arbitrarily non-competltlve and
exorbitant prices for meats, thus eliminating natural
competition which
should exist between them; also that the
packing houses bought and
slaughtered live stock at various points in the West and North, shipped
fresh meats to Savannah, reduced the price of meats and sold them on
the
market at a loss, so as to compel the South Atlantic
Packing & Provision
Co. of Savannah to sell its product at a loss for the
purpose of forcing the
local house out of the field.—V. 90. d. 370.
Beech Creek Coal & Coke Co.—June
Coupon Paid.—The
the company’s bonds, which was not met at
maturity on June 1, is now being paid with interest ($25 18
each coupon) at the Knickerbocker Trust Co.
(compare
Penn. Beech Creek & Eastern Coal Co. in V. 87,
p. 483.)—
V. 83, p. 438.
Bucks Stove & Range Co.— Unions
Recognized.—It was
announced this week that the company has entered into an
arrangement with the national labor organizations to employ
members thereof in their business.
James W. Van Cleave,
President of the company, who fought for about six
years
for the open shop, died on May 15 last.
coupon on
Whether or not the cases now pending in the Supreme Court
against cer¬
tain of the officers of the American Federation of Labor for
contempt, for
violating court orders, are to be dropped remains to be seen. Compare
V. 88, p.688.
Columbus & Hocking Coal & Iron
Co.—Exchange—De¬
posits.—Holders of certificates of deposit for common stock
who desire to exchange temporary certificates for the en¬
graved certificates listed on the N. Y. Stock Exchange
can effect the exchange at the Bankers’ Trust
Co., 7 Wall St.
Further deposits also may be made with the committee
through the aforesaid trust company.—V. 91, p. 156.
Federal Telephone & Telegraph Co.—Merger.—The com¬
pany on July 20 filed in the office of the Secretary of State
at Albany, N. Y., a certificate that it had merged the follow¬
ing companies, of which it owned all of the capital stock:
Corning,
Watkins,
Ithaca,
Sprlngvllle,
Marilla,
Canlsteo,
Wellsvllle,
Hornellsvllle telephone companies; Conewango Valley Home Telephone Co.,
Cohocton Valley Telephone & Telegraph Co., Elma Telephone
Exchange,
Citizens’ Telephone Co. of Bath, Attica Home Telephone Co., Citizens’
Telephone Co. of Akron, N. Y., and the Valley Telephone Co.
The certificate is signed
of the Federal Company.
by Bert G. Hubbell
as
President
(B. F.) Goodrich Co., Akron, O.—New Stock—Dividends.—
on increasing the
capital stock from $10,000,000 (all of one class and all out¬
standing, par $100; V. 81, p. 510) to $20,000,000 by the
creation of $10,000,000 7% pref. stock, of which
$5,000,000,
it is reported, will be issued as a 50% stock dividend and the
The shareholders will toieet Aug. 24 to vote
remainder will be offered at par to stockholders of record.
A press report states that the company has declared a
regu¬
lar dividend of 2J^% and an extra dividend of
2% on its
$10,000,000 stock.—V. 84, p. 162.
Goodyear Tire & Rubber Co., Akron, O.—New Stock—
Company to Manufacture Specialties as well as Tires.—The
company, it is announced, proposes to increase its authorized
issue of common stock from $1,000,000 to
$4,000,000; there
is also outstanding $1,000,000 7% cum.
pref. “Cleveland
Finance” says:
THE CHRONICLE
231910.]
V...
-
-
,
already is being enlarged to take care of the increasing
business, but the reason of the increase of capital is to put up more buildings
on the present site.
When the contemplated additions are made the com¬
pany will manufacture specialties on a large scale.
Its present output Is
The output Is 1,500 tires a day and the
confined almost entirely to tire i.
contemplated output will be approximately 2,500. The company’s adver¬
tising agent states that the new stock will be offered In about $1,000,000
The factory
lots—V. 89, p. 473.
*
„
»
which began on Nov. 1 1908 paying regular
quarterly dividends of 1%% each on its $1,500,000 6%
cumulative pref. stock, made in April last a distribution of
common stock to represent accumulated dividends to the
extent of 35%,and will on Aug. 1 make a cash payment of
2 3-10%, being the regular 1%% quarterly and an additional
8-10% in final settlement of the arrears. Compare V. 90,
p. 1104, 1169.
J. M. Guffey Petroleum Co.—Company Stated to Have No
Connection with Receivership of Col. Guffey.—The business
affairs of Col. James M. Guffey were on July 15 placed in the
hands of John S. Willard of Pittsburgh as receiver by Com¬
mon Pleas Court No. 4 at Pittsburgh, qn application by John
H. Galey, one of Mr. Guffey’s creditors and a former busi¬
ness partner.
Col. Guffey’s assets are estimated at $17,000,000; his liabilities at less than $7,000,000. The receivership
papers state that Col. Guffey is perhaps the largest holder of
West Virginia coal lands in the country, his unsold holdings in
that State alone being 136,700 acres; but that he is without
the ready money to meet the claims of some of his creditors.
Col. Guffey is quoted:
My assets are more than double the amount of my obligations.
I don’t
expect the receivership to continue any great length of time.
I have prop¬
erties of great value, and it is only a question of being permitted to dispose
of them without sacrifice to pay all my obligations.
“Does this proceeding have any connection with the J. M. Guffey Pe¬
troleum Co.?” he was asked.
“None whatever; it is a personal matter, and has no relation whatever
to any of the affairs of the J. M. Guffey Petroleum Co. It is now some years
since I had any Interest or
of my interests to the Gulf
-
„
___
A portion of Property
well maintained and is
A has been worked for about 9 years, the plant Is
adequate for the exploitation of the property.
Properties B and C have not yet been worked and are virgin oil land. The
Imperial and Thirty-three Oil companies commenced operations in 1900
on Property A.
From 1900 to Dec. 31 1909 the production from a portion
of the property alone totaled 17,981,730 barrels, of which 921,446 were con¬
sumed as fuel.
The total production for the year 1909 from Property A
(Section 33) was 1,995,534 barrels and of this amount 207,134 barrels
consumed as fuel.
The proceeds of 1,035,000 of the shares now offered will be used exclu¬
sively In acquiring the properties and for general purposes, 100,000 shares
will be allotted as fully paid to the vendor syndicate In part payment of
the purchase price; the remaining 200,000 shares are reserved for future
issue, subject to the options herein mentioned.
Directors: R. C. Baker (managing director of Borax Consolidated Ltd.);
G. W. Hoghton, W. Parish Robertson and L. Sutro, all of London.
Ad¬
were
Guanajuato (Mez.) Power & Electric Co., Colorado
Springs, Col.—Final Payment on Accumulated Dividends.—
This company,
217
—
■
July
connection with that company, having disposed
Oil Corporation.”—V. 86, p. 605.
Imperial Oil Co.—Merger.—See Kern River Oil Fields
below.—V. 85, p. 225.
International Lead Co.—New Company.—The company,
incorporated in New Jersey in May 1909 with $1,500,000
authorized stock (all of one class), par of shares $100), of
which $1,250,000 is outstanding, has a plant at Bayonne,
N. J., manufacturing lead in oil and dry lead.
Capacity of
plant about 7 tons daily. No bonds. Officers are:
President, John W. Bailey; Secretary. Harry G. Robinson (said to be'an
associate of Samuel Newhouse); Treasurer. John Josten.
visory Committee in California: L. Guggenhime (Pres. Thirty-three Oil Co.),
A. Mack (Pres. City Electric Co.), J. J. Mack (Pres.
Imperial Oil Co.), all
of San Francisco.
Secretary and registered offices, R. H. Young, 9 New
Broad St.. London E.C.
Keystone Telephone Co.—Report.—Year ending June 3q:
Fiscal
Year—
1909-10
1908-09
Gross
Net
over
Earnings.
Taxes, &c.
$1,126,030
1,073,462
$567,952
542,453
Interest
Balance,
Charges.
$302,775
312,308
Surplus.
$265,177
230,145
Kings County Electric Light & Power Co.—Earnings.—
ending June 30:
For the six months
Gross
Six
Mos.
1910
1909
Earnings.
_.$2,107,060
1,840,996
—V. 90, p. 1428.
Net
Earnings.
Bond Depreciation Interest
Balance.
Discount. Charges, on Bonds,Ac. Surplus,
$243,522
$1,109,948
$10,134
$357,041
$499,251
966,259
10,134
211,426
304,509
440,190
Lord & Taylor,
New York.—New Stock.—The shareholders
July 20 authorized the issue of $1,000,000 8% cum. pref.
stock, the capitalization to be $2,500,000 first pref. 6%
cum., $1,000,000 2d pref. 8% cum. and $3,000,000 common
stock, par $100. The new stock, it is said, was purchased
by the United Dry Goods Co. Compare V. 91, p. 41, 157.
on
Gas & Electric Co.—Merger.—
into the company the Gas Co. of
Wyoming Valley, the Gas Co. of the South Side, the Dallas
Electric Co. and the Dallas Township Electric Co.
Luzerne County (Pa.)
There have been merged
The merger resulted in no Increase of capitalization, stock or bonds.
There are now outstanding $2,000,000 Luzerne County Gas & El. Co. stock
(Total auth. issue,
(par $100) and $499,000 of its gold consol, mtge. 5s.
$3,500,000, dated Oct. 1 1908 and due Oct. 1 1948, but redeemable, It is
stated, after Sept. 30 1913 at 105 and lnt.; Int. A. & O. at Girard Tr. Co.,
trustee, Phlla.; some $1,106,000 consols are reserved to retire underlying
bonds.)
Pres., M. W. Stroud; Sec. & Treas., W. T. Robinson; Asst. Treas.,
W. L. Fox.
Am. Gas Co., Phlla., owns control, but does not guar, the
bonds.
See V. 88, p. 628.
Lynn (Mass.) Gas & Electric Co.—Consolidation.—The
Massachusetts Gas & Electric Light Commission has author¬
ized the absorption of the Marblehead Gas Co. by the ex¬
change of its $20,000 stock for $2,500 stock (8 shares for 1)
Lynn Co., valued at $235 a share.
of the
'
Inter-State Gas Co. of
A press
Pittsburgh.—Change in Control.—
report from Huntington, W. Va., on July 15 an¬
nounced the consummation of
a
deal for the sale of this
com¬
West Virginia corporation (capital stock reported as
$1,000,000) owning a large number of producing gas wells in
Lincoln County, W. Va., to the United Fuel Gas Co. (V. 90,
p. 853), a subsidiary of the Ohio Fuel Supply Co. (see “An¬
nual Reports”), and hence considered a subsidiary of the
pany, a
Standard Oil Co.
(George W.) Jackson, Inc., Chicago.—Bonds Offered.—
Farson, Son & Co., N. Y. and Chicago, who recently offered
on a 5)4% basis this company’s $400,000 1st M. gold 6s,
unconditionally guaranteed, p. & i., by George W. Jackson,
have issued a circular giving the following particulars:
Pref. stock authorized, $1,000,000; outstanding, $686,300.
Common
stock auth. and outstanding, $2,000,000; bonds authorized, $500,000; bonds
outstanding, $400,000. The company since its formation has paid divi¬
dends upon the pref. stock at the rate of 7% per annum and at the rate of
4% per annum upon its common stock for the past year and a half.
These bonds are secured by a 1st mtge. upon the entire property, which
Includes; (a) 7M acres, situated on Elston Ave., Mendel St. and Chicago
River (600 ft. frontage), with four large new steel buildings equipped with
modern steel structural fabricating machinery.
The company recently re¬
fused an offer of $750,000 for this plant and business alone.
(&) Jackson
Boulevard (154-156) real estate, office and warehouse (Chicago Warehouse
& Terminal Co.), $180,300.
(c)
Jackson Boulevard (153-155) real
estate, brass foundry and machinery department, $134,148.
d Dis-
{>osal plant connecting with Illinois Tunnel system, $224,850. [This plant,
n connection with scows on Lake Michigan,
Is useful In transporting
materials, supplies, waste products, &c., In connection with building and
other operations.—Ed.] (e) Real estate and buildings at 73d and Bond Ave.,
costing $45,000, and various other properties, making total assets securing
the bonds $1,402,770.
The business of the company is general contracting, and in this connec¬
tion they operate a bridge and structural steel plant, one of the largest
single plants of its kind In the United States, covering an area of 7 H acres;
annual capacity, 50,000 tons.
The brass foundry and machinery depart¬
ment is prepared to enter Into contracts for brass, bronze and aluminum
castings of every description, as well as for the manufacture and repairing
of machinery of all kinds; daily capacity, 8,000 lbs.
Throughout the West
there Is no larger or better known firm than the George W. Jackson, Inc.
To date they have handled over $60,000,000 of contracts of various kinds
and have on hand now over $6,000,000 uncompleted contracts.
Net earn¬
ings for the last three years are about 14 times the annual Interest require¬
ments of this issue of bonds, the only Indebtedness.
Compare V. 91, p. 41.
Kern River Oilfields of California,
Ltd.—Merger Under
Act.—This company was recently incorporated
under the English Companies Act with £1,350,000 share
capital in shares of £1 each, of which £1,050,000 was offered
for subscription in London last April at par.
An advertise¬
English
ment said in substance:
In addition, the company has authority to Issue $30,000 stock to retire
debts of the Marblehead Co. ($10,000 bonds and $22,185 notes and bills
payable) and to Improve Its property. The new stock, not yet Issued, will
Increase the outstanding stock of the Lynn Gas & El. Co. to $1,182,500;
par
$100.—V. 86,
p.
1103.
Light & Heat Co. of Pittsburgh, Pa.—
Report of Committee.—The committee, consisting of M. R.
Trauerman, Chairman; H. B. McDowell, Sec. and Treas.;
Thos. B. Nuttall, J. Howard Smiley, C. F. Lufkin and Herbert
A. Johns, appointed at the annual meeting Feb. 22 1910 to
investigate the action of the directors in the matter of de¬
preciation (see resolution of board below), reports under date
of Pittsburgh, July 1, in part as follows:
Manufacturers’
Depreciation.—We have investigated the subject of the depreciation
charge as best we could, considering the great period It covers.
We find
nothing to indicate that the auditors were not warranted In arriving at
their conclusions (except we fail to find an actual appraisement of assets
on which such deductions are based), and believe that it will prove to the
best interests of all concerned for the amount of the write-off to remain as
they have fixed It.
Management.—We discover no lack of harmony among the directors,
and we believe that they are honestly endeavoring to administer the com¬
pany’s affairs for the best interests of the stockholders, so far as It appears
Primarily the vast Interests of
possible for the board as now constituted.
the company require immediately an executive head whose whole time
should be given to the company and for which he should be properly re¬
munerated.
It appears that subordinates in the field are in some Instances
incompetent or neglectful; the actual force should be reorganized.
Books.—A general set of books should be kept showing the profit and loss
and accounts of the whole corporation, Including its subsidiaries.
Metres.—Attention should be paid to the metres, as it is commonly re¬
ported that there is a large amount of gas used and not recorded or paid for,
thereby causing a loss of many millions of feet of gas and hundreds of
thousands of dollars.
Finances.—We are convinced that the agreement with the Colonial Trust
Co., dated Dec. 20 1906, whereby the floating debt was taken care of, was
absolutely imperative. The Trust Co. received a commission of $400,000,
probably In accord with the risk at that time.
On Oct. 1 1909 an additional
agreement was made by which the plan was changed, and Instead of then
reducing the floating debt by $700,000 each year it was agreed to reduce
the debt by $200,000 until 1912.
While this later agreement only extends
the time of ultimate payment of the floating debt, originally due Jan. 1 1912,
to Oct. 1 1912, the Trust Co. received an additional bonus of $135,000,
possibly inconsequential, but suggesting plainly the necessity
vigorous financial management.
Outlook.—Notwithstanding the mismanagement of the past, the com¬
There is no ques¬
pany is rapidly recovering its proper financial standing.
tion as to its vast fields of consumption and supply.
Properly financed
there is no reason that we can see why dividends may not be soon forthcom¬
ing.
Its total debt, bonds and otherwise, seems to be nearing a point where
a refunding may be successfully undertaken.
Its properties and franchises
are of vastly greater value than all the Indebtedness.
The earnings are
While It is evident that the company has in
large and increasing nicely.
the past sold millions of feet of gas at cost, or even below cost, the study of
this subject by the board as now constituted is resulting in a proper re¬
organization of both sales department and contracts.
an
of
amount
a more
Condensed Resolution
of Board oj Directors Feb. 1 1910.
California, as follows:
(a) section 33, comprising 640 acres of freehold
land: (b) Section 1, about 638 acres of freehold land; (c) parts of sections 19
and 25, comprising 840 acres of freehold land; (d) all the wells, buildings,
Whereas (1) It has not been the'practlce to charge off each year deprecia¬
tion, although it has been known to occur, (2) it has been agreed that
there should be charged off $5,780,761 for depreciation for the two years
1907 and 1908, and (3) it has been determined that hereafter a percentage
should be charged off for depreciation at the end of each year;
Now therefore be it resolved that for 1909 and hereafter until otherwise
ordered there shall be charged off annual depreciation as follows: Against
plant, engines, boilers, pipe lines, drilling outfits, machine shops, storage
tanks, horses, wagons and all other assets of the Thirty-three Oil Co. and of
from fittings, other materials,
Formed to acquire as a going concern the property and assets of the Im
perial Oil Co. and the Thirty-three Oil Co. (both producing companies),
and the under-mentioned oil land of the Keith & Mack Oil Co; all incor¬
porated in California.
The properties
are
situated in Kern County, south¬
ern
the Imperial Oil Co. in Kern County other than cash and book debts.
The value of the plant, as shown by the audited accounts of the said com¬
panies after allowing for depreciation was on Dec. 31 1909 $778,523.
All
the said freehold properties are situated in the Kern River oilfield.
pipe lines, pipe rigs and lines, 6%; from gas regulators
and meters, 4%;
telephone lines, boilers, buildings and office
furniture, 5%; wells, 8%; machinery, casing, pressure stations, water sta¬
tions, horses and vehicles, tools and supplies, and miscellaneous, 10%;
labor, hauling, rights of way and damages, an annual depreciation of all of
the amount Invested for the year.—V. 91, p. 157.
318
THE CHRONICLE
Massachusetts
Gas
Companies, Boston.—Earnings of
Companies.—Net earnings of the subsidiary com¬
panies for June and the year ending June 30:
Annual
Year end. June 30—
1909-10.
1908-09.
—
Boston Consolidated Gas
$100,977 $108,093 $1,297,981 $1,197,031
New England Gas & Coke
620,619
518,467
58,952
58,468
East Boston Gas
64,793
77,940
2,986
4,291
New England Coal & Coke
57,279
256,586
16,949
15,758
Citizens’ Gas Lt. Co. of Quincy._
1,702
del.354
8,576
def.3,662
Newtown & Watertown Gas L.Co.
57.785
3.201
Total.
—V. 90, p. 1617.
.$102,577 $187,445 $2,107,033 $2,046,362
Michigan State Telephone
Co.—Control
Purchased by
American Telephone & Telegraph Co.—The individual mem¬
bers of the firm of N. W. Harris & Co., who were the owners
of
majority of the $3,500,000 common stock, have accepted
exchange their holdings for stock of the American
Telephone & Telegraph Co. on the basis of 4 shares of Ameri¬
can stock for each 5 shares of
Michigan common (now paying
7% dividends). The same terms are offered for all common
shares endorsed in blank for transfer and deposited with
N. W. Harris & Co. on or before Aug. 10.
a
an
offer to
In adjustment of dividends all Michigan common stock deposited on or
before Aug. 10 will receive 50 cts. per share in cash at once, while the
American stock issued In exchange will receive the regular quarterly divi¬
dend of 2% on Oct. 15.
Holders who for any good reason cannot deposit
their stock before Aug. 10, but who shall do so before Aug. 31, will receive
the Sept. 1 Michigan dividend and may exchange their stock on paying
To avoid fractional shares the firm will buy Michigan frac¬
$1 25 a share.
tions at $112 per share or sell American fractions at $140 a share.
Com¬
pare V. 91, p. 37.
National Lead Co.—Dividend Reduced.—A quarterly divi¬
dend of % of 1% has been declared on the $20,750,000 com¬
stock, payable Oct. 1 to holders of record Sept. 9, com¬
paring with 1%% quarterly from July 1907 to July 1910,
inclusive, and 1% from July 1906 to April 1907 inclusive.
mon
Previous Dividend Record
Year—
Percent-.
(Per Cent).
’94. ’95. ’96. ’97. ’98-’00. ’01-’05. *06. ’07. ’08. ’09.
1910.
3
10
0
1 y’ly.
0
2
4H
5
5 ToJuly,3 %
President Cole
Regarding the cut In the
common
dividend rate, the small, diminishing
trade and the high price for linseed oil, which will undoubtedly become per¬
manent, has tended to diminish the profits of the company and has justified
the directors In anticipating a lesser net revenue.
As to independent International Lead Co. see that Co. above.—V. 90,
p. 975.
New Haven
Offer.—This
to erect
on
(Conn.) Hotel Co.—New Enterprise—Stock
company has been organized under Conn, laws
the site of the old New Haven House and adjacent
a high-class, fireproof hotel of artistic design, con¬
taining about 300 guest bedrooms, &c.; also rathskeller,
banquet hall, roof garden, rooms for small banquets, society
dinners, &c. The financial plan calls for a 5% 1st M. loan
of $800,000 and $1,000,000 of authorized capital stock,
present issue to be $800,000, more than $500,000 of which
has already been subscribed at par.
F. S. Butterworth of
property
New Haven is President and his firm
placing the stock.
as
fiscal agents are
,
Estimated Annual Income Statement Prepared by F. M. Andrews of N.
283 bedrooms, 300 days, average $2 50 per day, $212,100; service
and public bar, $37,500; news and cigar stand privilege, $12,000;
3 stores, $9,000; billiard room, $5,000; convention hall, $2,500;
barber shop, manicure and bootblack, $1,800; telephone, tele¬
graph, taxicab and transfer service, $4,800; total
Y.
$284,700
Deduct—Interest 5% 1st M., $40,000; taxes, water and insurance,
$20,000; maintenance and repair, $15,000; advertising, $3,600;
fuel and engine room supplies, $40,000; stationery and incidentals,
$5,000,* pay-roll, exclusive of eating department, $51,000; total. 154,600
Estimated available for dividends and retirement of 1st M. loan_$130,000
Eight per cent on $1,000,000 stock calls for $80,000, leaving an annual
surplus of $50,000 to be applied to sinking fund for 1st M. loan.
In the
foregoing operating expense the cafe and restaurant service is estimated as
self-supporting ana no profit therefrom is taken into consideration. [New
Haven is estimated to have a population of from 130,000 to
135,000, but
lt has never had a modern hotel such as Is now projected.]
Nova Scotia Steel & Coal Co.—Purchase of Forget
—A
Holdings.
syndicate headed by President Robert Harris, it is
announced, has purchased the holdings of the Forget syndi¬
cate, amounting to more than 20,000 shares of the stock.—
V. 90, p. 1487.
Pennsylvania Beech Creek & Eastern Coal Co.—See Beech
Creek Coal & Coke Co. above.—V. 87, p. 483.
Pennsylvania Lighting Co., Shamokin, &c., P&—Consoli¬
dation—Bonds Offered.—R. E. Robinson & Co., New York
and Philadelphia, and Chandler Bros. & Co.,
Philadelphia
and Boston, are placing at 96 and int., yielding about 5.30%
income, the unsold portion (less than half) of the present
issue of $700,000 first mtge. 5% sinking fund gold
bonds,
dated July 1 1910 and due July 1 1940, but redeemable at
105 and int. on and after July 1 1915.
Interest J. & J. at
office of trustee, Commercial Trust Co. of
Philadelphia. Par
$1,000 (c*). Free of Pennsylvania State tax.
Abstract of Letter from Pres. Frank P. Llewellyn, Shamokin, July 1 1910.
Organization.—Recently Incorporated under the laws of Pennsylvania
Through merger agreement of Shamokin & Coal Township Light, Heat &
Power Co. (V. 88, p. 1065) Coal Township Gas Co., and Coal
Township
Light, Heat & Power Co., controls the lighting business, both electric and
gas, In Shamokin and vicinity.
Capitalization—
Authorized.
Issued.
Common stock
$1,000,000
$1,000,000
Preferred stock
200,000
200,000
First mortgage 5% sinking fund gold bonds
2,500,000
700,000
Sinking fund each year after 1915 a sum equal to 1% of all bonds out
The bonds are a first mortgage upon all property, rights and franchises
now owned or hereafter acquired;
no underlying liens.
Additional bonds
cannot be Issued to provide funds for further Improvements, extensions and
new construction unless the net earnings for 12 mos. preceding Issuance
show 1 M times the bond Interest, Including bonds proposed to pe Issued
Substantial equity In cash represented by preferred stock.
The electric light plant Is In first-class condition. ' The new central gas
works, funds for which are being provided, will be of the best construction
and most modern equipment.
Franchises without time limit to supply
electricity In and about borough of Shamokin; gas franchises In same
No burdensome restrictions.
territory for 99 years from 1907.
Earnings—Year Ending Oct. 31 1909—Estimate within Two Years of
Operation and After Erection of New Gas Central Plant.
Gross receipts
Oper.
exp.,
Year 1908-09.
Estimate'
$90,430
36,300
$143,000
$54,130
$71,500
Including salaries, Insurance and taxes
Net
71,500
As the fixed charges of the $700,000 new bonds Is only $35,000,
taking
last year’s figures under old management, there will be a surplus of $19,130.
Nearly all of the earnings have been from the electric light and power plant
alone, the output of gas being less than 5,000,000 cu. ft.
The gas business
Is almost a virgin field, and In the first year, with completion of new
plant,
we should have a total output of 20,000,000 cu.
ft.; the second year, say,
30,000,000 cu. ft.; the third year, 40,000,000 cu. ft.; and for the fourth
year 50,000,000 cu. ft.
Territory Served.—Shamokin Is situated In the centre of Eastern
Pennsyl¬
vania, and every year Is growing In Importance as a distributing point for
the rich farming community to the South, West and North, and anthracite
mining districts to the East; Increase of population, 1890 to 1900 of 26%.
Present population, over 20,000, and with suburban population a total of
40,000.
Company has contracts with borough of Shamokin for electric
lighting having over 7 years yet to run and a contract with Shamokin &
Edgewood Electric Ry. Co. having still a life of nine years.
Directors.—-Frank P. Llewellyn, Pres. (Pres. Dime Trust & Safe Deposit
Co., Shamokin, Pa.); Robert E. Robinson, Vlce-Pres.; L. D. Maltble, Sec.
& Treas.; -and Edwin E. Wltherby, Gen. Mgr., all of New York.
Edward
M. Leader, Monroe H. Kulp (Pres. Shamokin & Edgewood Elec. Ry.),
Shamokin, Pa.;
John Richardson Jr., Wilmington, Del.; S. Wynne
Ffoulkes and Howard M. Van Court, Philadelphia.
Pennsylvania Sugar Refining Co.—Settlement of Receiver’s
on July 18 passed
upon the accounts of Geo. H. Earle as receiver.
Accounts.—Judge Willson at Philadelphia
The fees paid to various attorneys out of the $570,520 remaining of the
amount received
from the American Sugar Refining Co. after certain
payments aggregate $185,739.
The amount available after payment of
all expenses will, It Is said, be about $180,000.
It is reported that an
attempt will be made to bring about the early resumption of the plant.
—V. 90, p. 307.
Philadelphia Suburban Gas & Electric Co.—Merger.—
There have recently been merged
into the company the
North Penn. Gas Light, the Lansdale & North Wales Gas
Co. and the Pottstown Light, Heat & Power Co.
There has been no Increase In capitalization, stock or bonds by the merger.
The Phlla. Sub. G. & E. has Issued $4,250,000 stock (par $100) and $1,673,000 1st & ref. 5s, guar, by Am. Gas Co.
Pres.. W. W. Stroud; Sec.-Treas.,
W. T. Robinson; Asst. Treas., W. L. Fox, 222 So. 3d St., Phlla —V. 90,
p.
says:
lxxxxi.
New
Controlled
-June1910.
_1909.
[Vol.
563.
San Antonio
(Tex.) Water Supply Co.—Control by Belgian
were received during June in
Brussels and Antwerp for stock and bonds of the “Compagnie
des Eaux de San Antonio,” a Belgian corporation which
was organized last February and
purchased from the Mis¬
sissippi Valley Trust Co. $1,350,000 of the $1,500,000 capital
stock (par $100) of the San Antonio Water Supply Co.
Corporation.—Subscriptions
Th
B lglan company Is organized with 40,000 shares of capital stock,
par 100 francs (total face value, 4,000,000 francs, say, $800,000); 40,000
‘actions de dlvldende” having no par value, and 8,000 5% bonds of 500
francs each (In all 4,000,000 francs, say, $800,000), redeemable by sinking
fund at not exceeding par on or before Feb. 16 1940: Int. F. & A. 15.
The
public offering consisted of 24,000 shares of stock and 6,000 “actions de
dlvldende” and 4,000 bonds on the basis of (a) 4 shares of stock and one
“action de dlvldende” for 420 francs; (b) one bond, par 500 francs, for 485
francs.
The net profits of the local company, after deducting all fixed
charges, were In 1909 $98,210; in 1908, $70,272.
Among the directors of
the Belgian company are Baron van Eetvelde of Brussels and Breckinridge
Jones of St. Louis.
Shamokin & Coal Township Light, Heat & Power Go.—
See Pennsylvania Lighting Co. above.—V. 88, p. 1065.
Sierra & San Francisco Power Co.—Bonds All Sold.—
N. W. Harris & Co. and associates announce that they have
sold all of the $6,500,000 1st M. 5% gold bonds offered by
them last week.
See V. 91, p. 157.
Steel Co. of Canada, Ltd., Hamilton, Ont.—Official State¬
ment.—Pres. C. S. Wilcox in
Securities Corporation, Ltd.,
a
letter addressed to the
Royal
Montreal, June 13, said:
Bonds.—Total authorized Issue, $10,000,000, but after $7,500,000 have
been issued further bonds shall be Issued only to the extent of two-thirds
of the appraised value of new fixed assets and only on certificate to the trus¬
tee under resolution of the directors that the net earnings exceed three times
the annual interest charge, including the Intended Issue, the net earnings
during the first three years to be the earnings of the preceding year and
afterwards the average earnings of the three preceding years.
Assets.—The combined fixed assets of all the constituent companies
owned or controlled will amount to more than $10,000,000 and the com¬
bined net liquid assets to more than $3,350,000.
Earnings.—The combined average annual net earnings of four companies
for their last three fiscal years after providing for depreciation and as sub¬
mitted to their respective shareholders were during 1907-08, $940,709;
1908-09, $1,122,668; 1909-10, $1,752,493.
The earnings of the Montreal
Rolling Mills Co., included in total for 1909-10, are for 11 months only.
The average yearly earnings, exclusive of the Canada Bolt & Nut Co., Ltd.,
thus amount to $1,291,917, being over three times the annual Interest on
the bonds to be issued and, taking the last year only, to over four times.
The Canada Bolt & Nut Co., Ltd., was only organized in January
1910—a consolidation of Toronto Bolt & Forging Co., Brantford Screw Co.,
Gananoque Bolt Co. and Belleville Iron & Horseshoe Co.,and its earnings
from the commencement of operation to Mch. 31 1910 justify an estimated
net profit for the current year of at least $180,000.
It has been thought
more conservative, however, not to consider this result In the aggregate
earnings, but rather to offset lt against the average annual amount paid
by way of bounties to the Hamilton Steel & Iron Co., Ltd.
These bounties
are of uncertain duration.
None of the other cos. has received bounties.
The earnings of the Montreal Rolling Mills Co. included In the foregoing
are before providing $30,000 interest on $500,000 of outstanding bonds.
Plants.— (a) Hamilton Steel & Iron Co., Ltd. (estab. 1896), at Hamilton,
Ont., on about 100 acres of land on water front, with ample wharfage and
railway facilities, and two blast furnaces, open-hearth steel furnaces, rolling
mills, &c.; (b) Montreal Rolling Mills Co. (estab. 1868), three modern plants
in heart of manufacturing centre of Montreal.
Shipping facilities by both
rail and water,
(c) Canada Screw Co., Ltd. (estab. 1866), plant at Hamil¬
ton on 8 acres of land, modern mill construction and equipment,
(d) Do¬
minion Wire Mfg. Cp., Ltd. (estab. 1883), fully equipped plant at Lachine,
near Montreal, on Lachine Canal, occupying over 16 acres, good shipping
facilities by rail and water,
(e) Canada Bolt & Nut Co., Ltd. (estab. 1910),
six plants in Toronto, Brantford, Belleville and Gananoque, Province of
Ontario: 33 acres, excellent transportation facilities, buildings of concrete,
brick or steel, modern machinery.
The products of the combined com¬
panies consist of pig iron, open-hearth steel, bar iron and steel and shapes,
forgings, locomotive and car axles, track spikes, bolts, nuts, rivets, horse¬
shoes, wrought-iron pipe and fittings, wire and cut nails, tacks, wood screws
and other screws of all kinds, Iron, steel, brass, copper and bronze wire, &c.
[A dispatch to the Royal Securities Corp. on July 15 said; “London
underwriting, taken $2,239,000; public subscriptions, $779,000; total bonds
taken, $3,018,000, out of $4,500,000; results considered highly satisfactory.”
See also V. 91, p. 157.[
Stock Quotation Telegraph Co., New York.—$2,500,000
New Stock Proposed—To Rescind Consent to $1,000,000 Mort¬
gage.—The shareholders will vote Aug. 3 on authorizing
increase of capital stock from $500,000 to $3,000,000 and
an
on
July 23
1910.]
THE CHRONICLE
rescinding the consent heretofore given by the stockholders
to mortgage the property, privileges and franchises to secure
an issue of $1,000,000 bonds.
Compare Y. 89, p. 925, 1286.
United Gas Improvement Co., Philadelphia.—See Charles¬
ton (S. C.) Consolidated Ry. & Lighting Co. under “Rail¬
roads” above.—V. 90, p. 1682, 1236.
United States Bobbin & Shuttle Co.—Dividends on Com¬
mon Resumed.—A dividend of 1% has been declared on the
$1,001,000 common stock, along with the regular 124%
quarterly dividend on the $650,000 pref. stock, both payable
Aug. 1 to holders of record July 20. This is the first dividend
on the common stock since May 1908, when 54 °f 1% was
paid, 1 % having been disbursed quarterly prior to that time
from Feb. 1905, with 1% extra in Nov. of 1906 and 1907.
Compare V. 87, p. 292.—V. 88, p. 372.
United States Envelope Co.—New Director.—Willard E.
Swift was on July 20 elected a director to succeed his uncle,
the late G. Wheeler Swift.—V. 90, p. 975.
United States Glass Co., Pittsburgh.—New Director.—
William M. Anderson has been elected a director in place of
H. D. W. English, who resigned.—V. 89, p. 1600.
United States Steel Corporation.—Wire Prices.—This
company’s subsidiary, the American Steel & Wire Co., an¬
nounced this week an adjustment of prices for wire nails
and plain wire.
The “Iron Age” says:
The announcement of the $1 70 basis for wire nails and $1 50 for plain
wire In the past week does not represent a $3 per ton reduction, as has Deen
stated in some quarters, but rather amounts to a formal notification that
on the new basis buyers may safely contract for a time.
Prices recently
current have been in some cases within $1 a ton of the new figures-—V. 90,
p. 1618, 1495.
Washington (D. C.) Gas Light Co.—Report of Financial
Premature.—Regarding the talk of a financial plan, a
Washington banking firm writes:
Plan
The articles which have been published are merely the expressions of the
directors at their recent meeting.
No official circular has been Issued,
and from the best obtainable information no very definite plan for the re¬
financing of this company has yet been reached, but It is presumed several
definite plans will be submitted to the stockholders at the proposed meet¬
This company has for several years been endeavoring
ing in September.
to make an additional stock issue or in some way to re-arrange its bonded
debt in order that stockholders may be given some material benefit from
the surplus held in the treasury, and for which the company has no appar¬
ent future need.
Several plans were tried through the courts, but were
defeated by the Corporation Counsel on the plea of over-capitalization,
and more recently an extended Congressional Inquiry developed the fact
that the total capital, both stock and bonds, was considerably smaller than
the actual valuation of the plant and its earning capacity based upon the
sale of gas at a reasonable price.
Therefore, it Is now believed no real oppo¬
sition will develop to a plan whereby the company may re-arrange its capital
in both stock and bonds to an amount equal to what is termed a fair valua¬
tion of plant, franchise and Investments.—V. 90, p. 451.
West St. Louis Water & Light
Co.—New Stock.—This
company, in a certificate which places its assets at $2,013,871
and liabilities at $1,114,835, announces an increase of capital
stock from $1,000,000 (all common) to $1,200,000, the in¬
crease being $200,000 7% pref., which was sold to the com¬
mon shareholders.
Par of ail shares, $100.
Bonded debt,
$1,000,000. J. R. Cullinane, 600 Delmar Ave., St. Louis,
is Secretary and Manager.—Y. 75, p. 687; V. 78, p. 1558.
—J. S. & W. S. Kuhn, Inc., of Pittsburgh, Pa., one of the
largest and most active bond houses in this country, are ad¬
vertising in this issue of the “Chronicle” the unsold portion
of $300,000 Chester, Pa., 4)4% general improvement bonds,
one-third to mature each five years in 1915, 1920 and 1925.
These bonds, offered at a price to net the investor 4.10%,
are tax-free in Pennsylvania and are stated to be legal in¬
vestment for savings banks in Pennsylvania, Massachusetts,
Connecticut, Rhode Island, Maine and New Jersey. See
the advertisement for particulars.
The firm’s descriptive
circular of tax-exempt municipal bonds yielding 4 to 5%
will be mailed on application. Also a new list of corporation
bonds which return a 5)4 to 6% income, and include railroad,
irrigation, water works, traction and other public utility
issues, will be sent on request. Address the nearest offices
of the firm in Pittsburgh, Philadelphia, Boston, New York
or Chicago.
—Charles W. Taintor and Albert Hale have formed
a
partnership under the name of Taintor, Hale & Co., for the
purpose of dealing in investment securities, with offices at
35 Congress St., Boston.
Mr. Taintor was formerly a
member of the firm of Tucker, Hayes & Co. and Mr. Hale
was for many years in charge of the bond department of
Parkinson & Burr.
—White, Weld & Co., bankers, 5 Nassau St., New York,
and The Rookery, Chicago, are to-day offering at a specially
attractive price $250,000 Lehigh & Wilkes-Barre Coal Co.
consol, mtge. 4% bonds.
These bonds are guaranteed,
principal and interest, by the Central RR. of N. J. and are
tax-free in Pennsylvania.
See advertisement elsewhere in
the “Chronicle” for further information.
—“Index of Corporate Stock Values” is the title of a
weekly sheet published by A. Keshishian, 99 John St. It
gives for the leading corporations the ratio of earnings to
dividend requirements, the rate of dividend paid, the yield
at market price, range of price from panic of 1907, <fcc., &c.
—James N. Wright & Co., Denver, Col., have issued an
interesting booklet describing Western town, water and
power bonds yielding 554 to 654%> which they recommend
safe and conservative investments.
—Curtis & Sanger, 49 Wall St., have a list of July invest¬
ments ready which will be mailed on request to all interested
as
Sarties.
few YorkAddress
office. G. E. N. Townsend Jr., manager of the
219
gghc (jpomraemai gEimcg.
COMMERCIAL EPITOME.
Friday Night, July 22 1910.
Some slackening of general trade is noticeable, owing mainly
to a desire to await further developments in the crop and rail¬
road rate situations. Reportsf romthe spring-wheat regions have
on the whole continued unfavorable, but harvesting returns
from the winter-wheat States are very satisfactory and the
weather over the cotton and corn belts has latterly improved.
LARD on the spot has been easier, owing to larger re¬
ceipts of live hogs at times, dulness of trade and somewhat
larger offerings of product. Prime Western 12c., Middle
Western 11.75c. and City steam 11 ^c.
Refined lard has
also declined, with trade extremely dull.
Refined Conti¬
nent 12.50c., South America 13.25c. and Brazil in kegs
14.25c.
The speculation in lard futures has been active,
with prices irregular.
Increased hog receipts and the dul¬
ness on the spot have caused heavy selling at times, partly
by large packers. On the other hand firmness of the corn
market and the upward tendency in live hogs have caused
buying.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW YORK.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
July delivery
September delivery
11.83
12.05
11.50
12.00
11.65
11.85
11.60
12.00
11.60
12.05
11.70
12.12
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
July delivery
September delivery
11.60
11.70
11.60
11.55
11.62H 11.72^ 11.75
11.72 K 11.57 H 11.72 H 11.77^ 11.80
PORK on the spot has been firm, with trade quiet and sup¬
plies light. Mess $25 50@$26, clear $24 50@$26 and fam¬
ily $25 @$26 50. Beef has been quiet but firm on small
stocks. Mess $15@$16, packet $16@$17, family $19 50 and
extra India mess $30.
Cut meats have ruled steady with
trade quiet.
Pickled hams, regular, 15%@16%c.; pickled
bellies, clear, 18@1854c->an<i pickled ribs 1854@18/4C- Tal¬
low has been quiet but firmer; city 7c.
Stearines have been in
moderate demand and firm; oleo 924c- and lard 14c.
But¬
ter has been more active and easier; creamery extras 27)4@
27 24c.
Cheese has been quiet and easier; State, whole,
milk, colored or white, fancy, 1424c- Eggs have been quiet
and firmer; Western firsts 18 @ 19c.
OIL.—Linseed has advanced.
Serious damage to the
crop at the Northwest is reported and it is believed that
still higher quotations will be recorded in the near future.
Receipts have been light. Demand for product has been
more active.
City, raw, American seed, 87@88c.; boiled
88@89c.; Calcutta steady at 90c. Cottonseed has been
firmer and more active; winter 8,50@9.50c.; summer white
8.25@10c. Lard has been quiet and firm; prime $1@
$1 04; No. 1 extra, 62@63c. Cocoanut has been dull and
easier; Cochin 10@1024c.; Ceylon 854@9c. Olive has been
dull and easier at 70@75c.
Corn has been quiet and firmer
at 6.45@6.50c.
Cod has been firm and in good demand;
domestic 40@42c.; Newfoundland 43@45c.
COFFEE on the spot has been quiet and firm.
Rio No. 7,
8)4@8^4c.; Santos No. 4, 954@924c. West India growths
have been quiet and generally steady; fair to good Cucuta
10@ 1024c. The speculation in future contracts has been
moderately active. Fluctuations in prices have not been
very marked but the general trend of the market has been
upward, owing to a rising tendency in the European mar¬
kets, cold weather with frost in parts of Brazil, reduced esti¬
mates of the crop in that country and light offerings.
Local
spot interests have given the market support at times and
commission houses have bought to some extent. There has
been some switching from near to distant positions.
Closing prices were as follows:
July
August
September
October
6.85c. November
6.90c. December
6.95c. January
6.95o. February
SUGAR.—Raw has been
7.00o. March
7.05o. April
7.08c. May
7.10c. June
more
active and firmer.
_7.11e.
7.14o.
7.17c.
7.18c.
Cen¬
trifugal 96-degrees test, 4.36c.; muscovado, 89-degrees test,
3.86c.; molasses, 89-degrees test, 3.61c. Refined has been
quiet and steady; granulated 5- 15c. Spices have been in
moderate demand and firm.
Wool steady with increased
sales.
Hops quiet and steady; crop reports favorable.
,
PETROLEUM.—Refined has been in moderate demand
for export, but domestic trade has been of small proportions.
Prices have been steady.
Refined barrels 7.65c., bulk 4.15c.
and cases 10.05c.
Gasoline has been in good demand and
steady; 86-degrees in 100-gallon drums 1854c.; drums $8 50
extra.
Naphtha has been moderately active and steady;
73@76-degress in 100-gallon drums 1654c.; drums $8 50
extra.
Spirits of turpentine quiet but stronger at 72 @72 54° •
Rosin quiet and firmer; common to good strained $5 70.
TOBACCO.—There have been no new or interesting de¬
velopments in the local market for domestic leaf during the
week.
Manufacturers generally report trade quiet, and
they are buying leaf sparingly as a rule. Havana and Su¬
matra in moderate request.
Prices have ruled firm.
COPPER has been firmer and more active, owing to re¬
ports of activity in the London market. Lake 1254@1254c.;
electrolytic 12 54 @12 54c.; casting 1234®. Lead has been
quiet and steady at 4.4254@4.50c. Spelter has been quiet
and steady at 5.15@5.60c. Tin has been quiet but firmer;
spot 33.50e. Iron has been steady with a quiet trade in
small lots; No, 1 Northern $16 25@$16 75; No. 2 Southern
$15 75@$16. Structural material has been in good de¬
mand for domestic and export account.
220
THE CHRONICLE
COTTON.
On
July 22 at—
Friday Night, July 22 1910.
as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening the total
receipts have reached
56,422 bales, against 36,580 bales last week and 21,571
bales the previous week, making the total receipts since
Sept. 1 1909 7,216,305 bales, against 9,770,326 bales
for the same period of 1908-09, showing a decrease since
Sept. 1 1909 of 2,554,021 bales.
Britain. France
New Orleans..
Galveston
Savannah
Charleston
Mobile
Norfolk
New York
Other ports
Galveston
Port Arthur
Mon.
231
Tues.
302
Wed.
405
_
_
Thurs.
Fri.
284
'
_
1,653
_
:
Corp. Christl, &c
New Orleans
605
1,063
2,674
1,031
2,058
38
Gulfport
3,650
1,025
9,525
r_
Mobile
Pensacola
.
2
78
■
Savannah
Brunswick
Charleston
_
3
294
3
817
1,279
4,500
1,427
1,713
2,043
11,779
9
702
260
1,149
664
70
2,854
Georgetown
Wilmington
_
3,237
294
Jacksonville, &c.
Norfolk
508
*
_
/.
15
_
15
1,356
4,977
5,788
2,954
3,076
1,292
19,443
573
149
298
2,337
1,147
2,144
6,648
41
1
2
927
44
927
N’port News, &c
New York,
Boston
Baltimore
__
Other
Foreign
61
698
150
1,500
8,000
1,681
9,113
11,454
8,909
4,380
18,844
Coast¬
wise.
3,064
Total 1910.
Total 1909.
Total 1908..
.
5,694
10,817
16,797
3,064
18,224
4,674
Leaving
Total.
5 If,
Stock.
1,071
5,000
3,915
1,769
5,150
48,999
2,472
1,424
375
375
353
736
7,102
7,102
15,000
100
1,106
143,616
7,534
14,063
7,290
9,936
33,411
49,824
61,705
206,240
251,346
170,709
100
Total.
431
Ger¬
many.
181
5,500
_
Sat.
94
LXXXM
Shipboard, Not Cleared for—
Great
THE MOVEMENT OF THE CROP
Receipts at—
[VOL.
Speculation in cotton for future delivery has been more
active.
The course of prices has been
irregular, but the
trend of the general list has been
upward. July, however, is
lower for the week, and on one
day, Tuesday, the 19th inst.,
a break occurred in that month of
81 points, though part of
the loss has since been recovered.
The violent fall in July
was due to the circulation of
reports that the bull leaders
had sold out and that the deal was a
thing of the past.
These reports were followed
by aggressive hammering by
local interests and the
uncovering of stop orders, not only in
July but also in later months. Leading interests denied
emphatically, however, that there was any truth in the
reports regarding their position in the market, and certainly
they have given open support not only to July but also to
Total week
4,667 10,530 13,963 11,844
7,998
7,420 56,422 ^August, and to some extent to
September and October.
The following shows the week’s total
receipts, the total Heavy rains have occurred in parts of the Eastern belt and
since Sept. 1 1909, and the stocks
to-night, compared with reports from some sections have been unfavorable. Com¬
last year:
plaints have been received of a rank growth of the plant and
a grassy
condition of the fields, and though many here
believe
that no permanent injury has as
1909-10.
1908-09.
Stock.
yet occurred, there
Receipts to
has nevertheless been more or less
This
July 22.
buying on these advices
Since Sep
This
Since Sep
Week.
1 1909.
by both local traders and commission houses. Purchasing
1 1908.
Week.
1910.
1909.
of the distant months by
spinners has been something of a
Galveston
1,653 2,468,353
6,967 3,598,997
4,241
19,690
feature of the trading of late.
Port Arthur
142,381
Continental spinners in par¬
152,759
Corp. Christi, &c.
246
72,058
ticular have been good buyers
153,836
New Crleans
recently. Rather more
9,525 1,298,699
5,549 2,081,354
52,914
83,613
_
Philadelphia
—
—
—
—
—
—
—
•
Gulfport
Mobile
Pensacola.
3,237
294
-
Jacksonville, &c
3
Savannah
Brunswick
Charleston
11,779
2,854
Georgetown
Wilmington
15
Norfolk-
19,443
N’port News, &c.
New York
Boston
6,648
__
44
927
__
Baltimore
Philadelphia
----
8,992
250,027
138,104
39,493
1,342,024
229,426
223,284
1,576
312,468
535,212
18,789
38,905
14,110
80,508
1,896
20,221
381,627
1,416
1,111
9,657
6,574
3,323
22,812
353
3,185
163,997
29,748
2,618 1,494,261
319,847
K
209,723
2,649
19
409,196
338
588,863
V
284
18,175
19,101
18,998
6
270
379
100,055
6,918
211
186
105
8,20!-'
7,236
158,616
1,979
1,200
143,201
4,431
4,127
2,902
946
Total
56,422 7,216,305 18,097 9,770,326
239,651
301,170
Note.—4,959 bales deducted from receipts at Galveston as revision of
receipts since Sept. 1.
In order that
we
comparison may be made with other years,
give below the totals at leading ports for six seasons:
Receipts at—
1910.
Galveston
Pt. Arthur, &c.
New Orleans.
1909.
1908.
1,653
6,967
9,525
3,237
11,779
Charleston, &c
Wilmington..
2,8 54
Norfolk
N’port N., &c
19,443
Mobile
Savannah
Brunswick
.
_
All others
Total this wk_
Since Sept. 1
1907.
1906.
1905.
12,567
3,984
4,790
5,549
1,416
2,618
5,836
1,279
585
88
1,355
1,102
9,086
1,667
8,619
251
94
714
7,916
5
19
338
284
655
1,645
89
51
723
198
516
2,124
6,139
56,422
18,097
23,047
8,030
30,538
97,193
246
15
34,526
116
682
128
3,326
19,109
1495
20,109
1,288
817
2,910
10,607
463
7,216,305 9,770,326 8,193,367 9,645,228 7,686,891
9,775,014
The exports for the week
ending this evening reach a total
22,049 bales, of which 8,550 were to Great Britain,
4,166 to France and 9,333 to the rest of the Continent.
Below are the exports for the week and since
Sept. 1 1909:
of
Week
ending July 22 1910.
From Sept. 1 1909 to July 22 1910.
Exported to—
Exported to —
Exports
from—
Great
ContiBritain. Fr’nce nent.
Great
Britain. France.
Total.
Continent.
Total.
■
Galveston
Port Arthur
1,458
Corn.Christl.&c
New Orleans.
Mobile
.
1,458
715,532 377,722
25,883 18,398
-
4,339
1,268
Pensacola
Gulfoort
Savannah
Brunswick
Charleston
•
’
_
_
_
2,693
8,300
294
294
576,334 18S.806
39,348 74,601
48,950 54,674
7,818
240,311 83,991
87,045
5,496
16,901
100,690 15,700
4,863
(
Wilmington
Norfolk
Newport News.
New York....
Boston
Baltimore
Philadelphia
-
.
...
4,180 2,898
31
4,518
11,596
70
101
...
300
..
300
Portland, Me..
.
329,526
97,990
18,563
45,281
74,231
-
-
-
„
_
7,896
59,862
29,040
4,404
200
600
Portland, Ore.
Total 1908-09.
31,054
17,247
—
8,550
....
4,166
12,312 3,9301
....
....
—
573,537
109,396
57,513
62,528
the last statement
was
monthly Govern¬
decline in the condition since
some
issued.
As
already intimated, how¬
reactions in prices have occurred. Room traders have
hammered at times, encouraged by
improved weather in
many parts of the belt and also by unfavorable reports
regarding the condition of general trade. The certificated
stock here is steadily
increasing. A large quantity of cotton
has been received here
during the week, much of it, it is
supposed, being for delivery on July contracts. The cotton
has arrived from all sections of this
country and also from
Liverpool. Further large receipts are expected in the near
future.
Not a few regard the situation as artificial.
It is
stated that leading bulls are
disposing of their holdings of
spot cotton at from 100 to 150 points under the ruling official
quotations. The weather in most parts of the South has
been more favorable of late.
Where rains have occurred in
the Eastern belt the precipitation has been
widely scattered.
In Texas the temperatures have fallen and beneficial showers
have occurred at times.
Many of the crop reports from that
State and Oklahoma, and also from some sections east of the
Mississippi, have been very encouraging. Spot markets at
the South have been dull.
To-day the market was quiet
and irregular.
Early in the session a moderate decline
occurred on disappointing Liverpool
advices, favorable
weather and crop reports and liquidation.
Later a
rally
ensued, especially on the next crop, on bull support, buying
by spinners and covering of shorts. July notices for about
25,000 bales were issued. They were stopped by the bull
clique. Spot cotton here has been easier.
Middling closed
at 16c., a decline for the week of 40
points.
The official quotation for middling
upland cotton in the
New York market each day for the past week has been:
July 16 to July 22—
Sat.
16.40
Middling uplands
NEW
YORK
...
...
...12.20
...10.90
...12.95
...11.00
...11.00
...10.90
...13.25
Tues.
Wed.
Thurs.
15.95
16.10
16.00
1901
1900
1899
1898
1897
1896
1895
MARKET
200
600
...
...
9.25
1894.C...
8.44
1893
1892
1891
1890
1889
1888
1887
...10.00
6.19
6.06
7.94
7.12
7.00
...
...
...
...
...
AND
SALES
7,148
7.06
8.12
7.25
8.00
...12.44
...11.19
--.10.68
...10.38
1885
1884
1883
1882
1881
1880
1879
NEW
YORK.
...
...
...
...
AT
Futures
Market
Closed.
Spot Market
....
Closed.
23,390 3,502,364 1031983 3,759,966 8,294,313
We add similar figures for
1886.C-.
.
Quiet
Quiet
Quiet
Wednesday Quiet
Quiet
Thursday
Quiet
Friday
..
.
Total
.
5 pts adv
50 pts dec
15 pts adv
at 10 pts dec
Con-
a
Firm
Firm
Barely steady
Very steady
Very steady
Very steady
_
_
9.56
...10.19
...11.00
...10.00
...12.75
...11.68
...11.68
...11.62
...
Sales of Spot and Contract.
Spot. sum’n.
Saturday.
Monday
Tuesday
Fri.
16.00
QUOTATIONS FOR 32 YEARS.
1910.C._. ...16.00 1902.C
1909
1908
1907
1906
1905
1904
1903
Mon.
16.45
9,333 22,049 2,355,462 901,515 2,714,627
5,971,604
cleared, at the ports named.
report may show
ever,
59,862
29,040
4,404
In addition to above exports, our
telegrams to-night also
give us the following amounts of cotton on shipboard, not
New York.
ment
427
„
Seattle
Tacoma
Total
169,780
11,406
427
San Francisco.
Pembina
Detroit
958,978 2,052,232
9S,100
142,381
16,975
16,975
403,456 1,168,596
40,942
154,891
40,455
144,079
1,074
8,892
446,957
771,259
99,041
191,582
101,095
117,996
182,205
298,595
1,756
6,619
cheerful reports as to the condition of trade in Manchester
and on the Continent have been received.
The local dry
goods market has been more active at an advance in quota¬
tions for some descriptions.
There is said to be a dearth
of supplies of some popular brands of
fabrics, revealing the
effects of the heavy curtailment of
production. Complaints
have been received from Texas of insufficient
moisture, while
temperatures in that State have at times been extremely high.
There is some expectation that the next
_
_
2,511
400
300
845
Con¬
tract.
Total.
13,466 15",911
200
2,700 3,100
2,500 2,800
9,800 10,645
10,800 11,000
4.2561
39,200 43,456
July 23 1910,
THE CHRONICLE
FUTURES.—The highest, lowest and closing prices at
New York the past week have been as follows:
AT THE INTERIOR TOWNS the movement—that
is,
the receipts for the week and Since Sept. 1, the
shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous
year—is set out
in detail below.
NO
June— May— April- March Feb.— Jan.— Dec.— Clos Ran Clo Ra October Clo Ra Sept.- Clo Ra Aug s Clo Ra July—
03
P
pS
aq.
II
II
1
CO
P
1
CO
P
MM
1
|
1 1
1©
H-k
1©
ro
II
II
II
II
1©
'*'» I
©
1
|-‘H‘
eo to
1
|
1 1
i |
1 1
II
toro
|
1 1
1
|
1 1
1©
H^H*
|@
MW
bo
©O
I |
’"*H‘
1 |1
to ro
1 1
1
boo
|®
H*M
1©
1
I
1 1
II
II
bb
®o
to
1
|
I1 |I
1 |
1 1
b
|©
©its
-0
© ©
©its
ro
1©
|©
1®
1®
1®
i®
to
1
1©
p
7 CO D
1
GO
p 7’“ P
BS
pS
‘
w?
M M
p®3
aq®
MM
M M
to to
MM
©©
© ©
©©
•si to
OS©
© to
© w
OS©
M©
©00
1®
1®
1©
1©
MM
M M
M
M M
M M
M
M M
M M
M M
M M
to to
ro
to to
to to
to
to to
WM
©©
©©
Mlisl
b |
bb
■si
© M*
■si 1
©
©©
©sj
-IP-*
©its
its©
©©
Its©
o ©
1
M M
MM
M*
1
M M
M M
MM
MM
© ©
MM
MM
1®
M M
CD CD
CD CD
M h-k
CD
MS
I
■si CO
1
|
to to
CO to
CO
©to
©©
CD-si
03-0
0-1
©CD
©
I-1©
boo
©
»©
® m»
© ©
© ©
1®
|©
1®
1©
1©
1®
M M
-
M M
M
KM
MM
to to
COCO
©
©M
its its
©©
©©
©o
to to
3-*©
©O
O©
■sl Sl
©M
its©
00©
b |
© 1
M
to
‘■si
oooo
a
1
1
MM
to to
r®
MM
to to
to to
to to
©©
©©
© ©
be ©
©©
©©
COM
bb
© CO
to©
■si M*
© ©
o©
oo ©
1®
| ©
| ©
1®
1®
1®
eo
©£s
M M
M M
M
M M
MM
M M
M M
M M
M M
M M
to
to to
to to
to to
to©
M©
© ©
©©
bob
^ 1
00 |
•s] CD
©its
©CO
©©
© ©
©b
©o>
MM
Ml
MM
MM
I-4
to to
to
to to
to to
to
‘oo
1 ©
I®
lt» sj
1
|
b
oo©
«©
CO -1
■si ©
1®
1®
M M
M
MM
M M
to to
to
to to
to to
©ms
bb
©its
■si to
© ©
to
MM
MM
M M
M M
©©
©©
©©
©to
©to
bb
©■Sl
its©
M M
©oo
1©
1©
1®
|©
T©
M
M M
M M
M M
M M
ro
© ©
©M
©©
©©
©its
bb
bo |
O0O0
bo©
its©
©©
©
M M
MM
M M
M M
M*
to to
to ro
to to
to to
to
bo bo
bo Oo
©©
©
©O
00 CD
00 to
M
M
■SIS-
00 00
CD CD
bo
1®
1
1®
1®
©
Sl
o©
Sl -vl
©©
M©
l-s
1
M M
M M
M M
M M
©M
MM
© ©
©©
i
|
|©
1©
^Sl
i
l®
M M
M M
M M
M M
M
M M
to to
to to
to to
to to
ro
CD©
b
©to
to©
©00
1©
1 ©
©
^
to
^ s.
?§
MM
©©
©©
©i->
—1
bo
©0s
II
b
CD
11
|1
|1
CD CD
too>
©to
Ml
I
1
1
M M
H*
to ro
to
to
1
1 1
b
1®
CD "4
to 00
i©
M
1®
to
II
II
II
II
b
CD
1
1
| *-*
1
to
,
,
1®
’“0
o
1©
M
1©
II
1
1
*o
•-*
1
1
00 CD
1
1
00 its
to©
©
00^1
©to
to©
M©
M M
M M
M M
M M
M M
M M
©to
MM
© ©
© ©
v|©
ro m
©^i
to to
to to
to to
‘oo
bo-si
b©
b©
00
sj C-T
to©
its e»
1®
1®
0^1
1© T©
| ©
to ©
|©
1 ©
©
©
i
a>
i
i
i
i
i
i
rf
*
*•,
r*.
tOI
ms © o 1
MS
I
©
1
to
i
©©1
©Sl
1
©O©t0l
MSI
©MMslOl
© to ©
© its 1
OOl
© © MS © 1
p
w
1
MS » its CO
© © W © -J
Wek.
&3
Ml
&
•p
©MM©
§
2.
•sl
its
MS
©MM
MS^lM»ltSMS,tS|tsitsMSV|VI©W®
© © to © to
MS MS
•©©0©©00©ltS|tsVlits09MS|tSifSMseDlts©MSOC©©©MS|tS||seoOO«10©'l
©to,®bbbb-si®tob©-a©©tobMits©Mb©bi-*bbb©b©b"to
©©©©©-si©©roi-S|ts^ieD®©roMi©o©o©®©©to©®©itsto©to
M
,
r,
1
<ll
1
© 1
1
© 1
00MMOMM
,
i
1
1
1
1
l
1
MSI
1
■sl 1
M
COCO
,
b
CK
,
its
to to 1
lOitsVIitsCXMSOMStOtO©
© © © 1
lfs©l—*©©ltstO©-sl©©
MS MS © © © © © tO©©tO©©OtOI
M(
to
s| t\51
to M its o 1
© W to O I
00MS|tsMS|
© ifc.
© MS
S3 ^
Sr.
^1
M
00
Ml to Ml
,
•
M
,
©
-Sl to to Ml to MS to
its»©,ts0sCO^I
MS
MS
©
to
i
© i
i
i
toi-*b©©
1
M i
1
1
©Ms©OtO©»*s|©l-stOO©W©©©©©©®®tOitsitsitsitsits
1
-sl
1
1
1
©t0©©©s|<s]©©its0sO©©©OO©©O>-s©©©©0S|tsW
VI
1
•
1
its
■sl
l
«s|l
CD i
*s| 1
c*
©
bb
©Msb^tOtOitsMMS,ts'©^|tO^|
©©
|©
M M
M M
M M
M M
M M
M M
M M
to®
ro
to to
to to
to to
©M
M©
©©
© ©
to 7
b |
© 1
© ©
b'w
M M
» »
© ©
©co
cw
M M
■Sl -1
its ©
to to
-1 ©
U“*
1 *~4
1 1-4
1 '-4
i
i
1
1
h-k
ro»
its CD Ml 1
© its © 1
os ro oo
»-*
i
©©©Ml
©1
©©MS©©©©!
^ i
its to cn © Ml © its OS 1
MS©M*©©MS©tOMS|
o
i
a,
ox
© © MS © i
© o © © 1
1
cob
1
|
1 1-4
1 1-4
1 *-4
©
b
‘oo
*©
b
’©
bo
*©
VI
oo
M
©
©
Ml
©
M»MS
tO
MS MS
©MlMl
00 © »—1 ® tO
© © ® © its s—s to --1 © s—i © to
ro-siro©Mi-si©© o'OMivi©®
© VI 00 © © © tO © © © © © O
® M‘ © © © l—s © tO to © M» M O © 1—s
Co
eo
its
©
ro
©
©
©
©
©
CO
|©
1©
|©
1®
|©
| ©
1®
OO
its
©--ltOss|i^M©©©M»tOtO©©i^©M‘i^VI©|M®®©©©©©tsC©©©
5
M
1®
M‘bb©b©©i-‘bbitst\SM‘Msitstobtobw©-siM‘©M*itsb©M‘Msb©ro
M
1©
b
to
ro
to
eo
ro
CO
its
©
©
1©
1
1
|
1 1
to
M
1 ®
1
CD
1
to
M
1 b
to
1
1
1
1
1
to
b
©
1
to
Hk
1 ®
1
to
1 ®
1
©
1
to
M
1
1
o
1
©
M
1 b
©
1
1
©
M
1 ■'*
1
bb
I-*
M
VI
|
1 1
well
as
the afloat,
July 22—
bales.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
©o
1
M
1
1
Total European stocks
India cotton afloat for Europe
American cotton afloat for Europe
Egypt, Brazil, &c.,aflt.for Europe.
Stook In Alexandria, Egypt
Stock In Bombay, India
Stock In U. S. ports
Stock in U. S. Interior towns
U. S. exports to-day
??
bales.
.
Manchester stock
Continental stock
American afloat for Europe
U. S. port stocks
U. S. Interior stocks
U. S. exports to-day
its
1908.
1907.
490,000
10,000
61,000
967,000
27,000
72,000
508,000 1,081,000
14,000
12,000
137,000
263,000
119,000
214,000
3,000
3,000
13,000
27,000
20,000
25,000
9,000
7,000
561,000 :1,066,000
14,000
24,000
229,000
289,000
175,000
140,000
3,000
5,000
23,000
34,000
17,000
26,000
20,000
40,000
315,000
529,000
510,000
823,000 1,632,000 1,090,000 :1,576,000
141,000
103,000
64,000
86,000
62,283
74,568
100,634
70,939
7,000
18,000
16,000
19,000
52,000
85,000
62,000
90,000
697,000
318,000
402,000
590,000
302,317
239,651
301,170
232,414
106,482
78,570
123,465
141,017
464
2,173
©
©
Total American
East Indian, Brazil,
v
838,000
60,000
415,000
62,283
302,317
106,482
464
1,047,789 :1,988,269 1,318,543 1 ,784,546
&c.—
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil, &c., afloat
Stock In Alexandria, Egypt
Stock In Bombay, India
Total East India, &c
Total American
Total visible supply
Middling Upland, Liverpool
Middling Upland, New York
Egypt, Good Brown, Liverpool
Peruvian, Rough Good, Liverpool1
Broach, Fine, Liverpool
Tlnnevelly, Good, Liverpool
92,000
8,000
8,000
60,000
103,000
7,000
62,000
590,000
92,000
16,000
14,000
47,000
64,000
16,000
85,000
318,000
112,000
10,000
12,000
84,000
86,000
19,000
90,000
402,000
1,977,789 2,640,269 2,133,543 2 ,955,546
ll.OOd.
7 Hd.
7 l-16d.
6.48d.
12.35c.
9 ll-16d.
8.25d.
6 Hd.
5 13-16d.
5.98d.
10.80c.
8Md.
9.15d.
5 7-16d.
5 l-16d.
i
7.16d.
13.00c.
11 Nd.
11.50d.
6Md.
5 Hd.
Continental imports for the past week have been 71,000
bales.
The above figures for 1910 show a decrease from last week
of 122,049 bales, a loss of 662,480 bales from 1909,
a decrease of 155,754 bales from
1908, and a loss of 967,757
bales from 1907.
o* •
1
1
1
1
1
1
1
1
1
to i
eoi
1
©
1
M
ro
Ml
MS
MIMS
©tO©M©©ltsw
•
Co
•
Ml Its MSI
Co
MS
1
•
1
•
MS
©-s|toro©itss|toto©©i
© © tO © its © 1
©©©to©©*sJ©i
Ml MS
©1
© to © toi
sm © © © © © © its ro © © i
©©to©©©©©<
its © -si © i
MS
Ml
|a|
3
54
its
I
©
i
©
1
Ml
©1
©1
1
ms to
its
its © to Ml Ml
its
itstobwbitsvimro
itsits©©©
©CO
Ml
to^g-
MS
©M
5
ro
HA
Co
to
•sl Ml its
©
©
©
©
.wfc.c>
b©©T©^ibto©©itsi-s
Mi
©«JitsO©M©tO©Ms©©eD©Msvl©©'s|©tO©©-sl©©itstO
©1
©00®Oits©©©M®©©©slits©©©M©©©®©©©M‘©
The above totals show that the interior stocks have de¬
i
creased during the week 24,398 bales and are to-night 44,895
bales less than at the same time last year.
The receipts
at all the towns have been 11,295 bales more than the same
week|lastf year.
OVERLAND MOVEMENTSFORjTHE WEEK AND
SINCE SEPT. 1.—We give below a statement showing
the overland movement for the week and since Sept. 1, as
made up from telegraphic reports Friday night.
The results
for the week and since Sept. 1 in the last two years are as
follows:
Via
Via
Via
Via
Via
Via
Via
1908-09
Since
1909-10
Since
July 22—
Shipped—
Week.
St. Louis
Cairo
Rock Island
Louisville
Cincinnati
_
.10,598
.
669
_
__
.
_
Virginia ports
_
9,386
_
713
_.
_
_.
_
..
..
other routes, &c
1,042
_
216
.
Total gross 2verland
.22,624
Deduct Shipments—
Overland to N. Y., Boston, &c_.
7,619
Between Interior towns
311
Sept. 1.
449,532
Week.
181,498
19,915
131,055
47,840
136,494
154,246
513
39
365
235
588
497
1,859
1,120,580
Sept. 1.
666,532
304,638
30,633
85,210
49,486
186,357
277,065
4,096 1,599,921
655
499
4,537
135,419
62,846
76,856
1,040
145,073
48,775
54,247
Total to be deducted..^
.12,467
275,121
2,194
248,095
Leaving total net overland*
.10,157
845,459
1,902 1,351,826
_
Inland, &c., from South
.
•Including movement by rail to Canada.
The foregoing shows the week’s net overland movement
has been 10,157 bales, against 1,902 bales for the week
last year, and that for the season to date the aggregate net
overland exhibits
129,000
27,000
12,000
95,000
141,000
18,000
52,000
697,000
930,000
815,000 1 ,171,000
652,000
1,047,789 : 1,988,269 1,318,543 1 ,784,546
7.97d.
16.00c.
12 Vgd.
§
•e
M
descriptions are as follows:
—
its
1
1909.
378,000
49,000
445,000
70,939
232,414
141,017
2,173
5?
0©©sltsaOi©©t0^lits«IM®m©®its©©©©tO©©»©MS~|ss|©tOM
M
997,000
16,000
68,000
905,000
54,000
504,000
100,634
301,170
123,465
12.
e
b
©
1910.
366,000
34,000
255,000
74,568
239,651
78,570
ro
ro
,977,789 2,640,269 2,133,543 i2,955,546
Liverpool stock
1
•
458,000
8,000
42,000
Of the above, totals of American and other
American—
1
©
1 1-4
are
551,000
to
r
© MS © to 1
© © tO tO 1
CD
M
COCO
Vi
Sl
o
1
1 1
2?
itsm©® M©tO^I WOMSMS
©
«
its
©
to to
Stock at Liverpool
Stock at London
Stock at Manchester
1
1
Is
its
this week’s returns, and
consequently all foreign figures are brought down to Thurs¬
day evening. But to make the total the complete fig¬
ures
for to-night (Friday), we add the item of exports
from the United States, including in it the exports of Friday
only.
as
M
©
THE VISIBLE SUPPLY OF COTTON to-night, as
made up by cable and telegraph, is as follows.
Foreign
stocks,
1
•
ro © to its Ml l
® © -s| M» © 1
1
its
bb
M M
i
1
i
*"i
•
c
*S
M M
co
II
CD CD
ft
1
i
i
©©©©MsOitsOitsMitsMMSMsWitsmMVitSits&STOitsCDMWMSCOMMOSMS
.
II
II
its
oo
|©
© ©
1
i
1
,
l09‘
©
its
o©
M M
p
Pv-
i
i
SM
bb
M M
i
*
O0
M M
i
a.
,
■si VI
•O
O^i
e e
-
•si ©
1
pe i
i
©MS
©©
p
1
M M
MM
1
i
M M
•O P **
sss: s,
*
© ©
to to
1
•-‘a
5.P
o|
So!
oo£
MM
■si
1®
M M
SWW
00 2
g
CO
Ten Soutl Ohio. Nortl Mls c
Si©
|©
beo
o©
•
©MS
M M
1
Si
2
©©
to
CD
&
bits
b |
M
i-l^sl
|©
1
1®
to to
CD
M
1
to
00^1
to to
H*
‘■Si
"1 03
1©
M M
®
to to
to to
1
M M
aq
bb
-joo
H* M
CO
™
c>©
t\9©
bo
*sms
P
oo
to to
to
to
1©
I
aq
p ■
b
b
00 CO
1 1
1 1
1 1
II
1-11
CO
o
©
®^l
bo'oo
1®
to to
to to
COW
1 1
1 1
MM
boo
| ©
P
1 P’S
aq.
P$
<n.
aq.
COO
1©
CO
V.
GW
Clo Ra Clo Ra Clo Ra Clo Ra Clo Ra Clo Ra
221
In
a
decrease from
a year ago
-1909-10Since
Week.
Sept. 1.
Sight and Spinners'
Takings.
.
.
7,216,305
845,459
2,242,000
56,422
10,157
34,000
.100,579 10,303,764
.*24,398
#4,593
_
•Decrease during week,
Week—
1908—July
1907—July
1906—July
1905—July
m
x
9,770,326
1,351,826
2,284,000
71,999 13,406,152
*13,713
9,459
13,415,611
2,137,101
9,848
2,725,933
Less than Sept. 1.
sight in previous
Bales.
25
26
27
28
18,097
1,902
52,000
10,299,171
North’n splnn’s’ taking to July 22 23,717
Movement into
-1908-09Since
Week.
Sept. 1.
58,286
76,181
Total in sight July 22.
of 506,367 bales.
53,527
49,564
69,232
....133,489
years:
Since Sept. 11907-08—July 25
1906-07—July 26.
1905-06—July 27...
1904-05—July 28
Bales.
11,202,511
13,229,879
10,834,325
...13.148,997
QUOTATIONS'FOR MIDDLING COTTON AT OTHER
of middling
MARKETS.—Below are the closing quotations
cotton at Southern and other principal cotton
ach
day of the week.
markets for
222
Week
THE CHRONICLE
July 22.
Galveston
New Orleans
Mobile
Savannah
Charleston.
Wilmington
NorfolkBaltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston i
Little Rock
|
Closing Quotations Jor Middtfng Cotton on
ending
Sat'day.
Monday. Tuesday. Wed.'day. Thursd’y.
14 %
15 1-16
14 y%
14 ^
15 3-16
14 Hi
15H
15H
16
15 H
16.65
16
16
16.70
15 %
15
15
15
15X
15
15
14 H
14 M
14
15
14
15
%
3-16
15-16
%
16
16
16.20
15 X
15
15
14 H ‘
14 H
14M
14
15
14
15
%
3-16
15-16
%
15 M
15Ji
16.35
15K
15 Hi
15
14M
14 Hi
14 X
15
14 15-16
15 %
15 X
16 K
16.25
15H
15 H
15
14 H
14 H
Friday.
14
15
July—
Range
Closing
August—
Range
Closing
September—
Range
Closing
October—
Range
Closing
November—
Range
Closing.
December—
Range
Closing
January—
Range
Closing
March—
Range
Closing
Tone—
Spot
Options
Monday, Tuesday, Wed'day, Thursday, Friday,
July 18. July 19. July 20. July 21. July 22.
12.71-.75 12.83-.04 12.76-.99 12.72-.90 12.83-.96 12.80-.93
C2.73-.74 13.02-.03 12.82-.83 12.89-.90 12.87-.88 12.92-.93
•
@
.87
@
@ —
@ —
12.63-.65 12.92-.94 12.71-.73 12.79-.81 12.76-.77 12.82-.84
—
—
—
—
—
12.60-.65 12.73-.95 12.67-.90 12.63-.81 12.74-.86 12.71-.83
12.64-.65 12.93-.94 12.72-.73 12.80-.81 12.77-.78 12.82-.83
12.63-.65 12.75-.94 12.67-.90 12.72-.80 12.75-.87 12.77-.81
12.64-.66 12.93-.94 12.73-.74 12.80-.81 12.78-.79 12.83-.84
@ — 12.88-.01 12.82-.99 12.77-.92 12.85-.95 12.85-.87
12.75-.77 13.04-.06 12.84-.85 12.91-.93 12.89-.90 12.95-. 96
—
Firm.
Quiet.
Quiet.
Steady.
Quiet.
Easy.
Quiet.
Steady. Very st’y Steady.
WEATHER REPORTS BY
Easy.
Steady.
TELEGRAPH.—Reports to
by telegraph from the South this evening indicate that,
while rain has fallen in portions of Texas, other sections still
us
need rain.
Elsewhere the conditions have on the whole
been favorable, although there are a few complaints
of too
much rain.
Some of our correspondents
ment in the condition of the crop.
Galveston,
Texas.—Considerable
week.
have had
The
week.
13.32-.37 13.58-.74 13.35-.68 13.51-.60 13.55-.62 13.45-.54
13.36-.37 13.71-.72 13.45-.47 13.58-.59 13.52-.54 13.53-.54
—
aging 78.
Marlow, Oklahoma.—We
refer to improve¬
portion of Texas still
needs a soaking rain.
There are many sections complaining
of drought.
We have had rain on three days
during the
week, the rainfall being three inches and three hundredths.
The thermometer has averaged 80, the highest
being 86
LXXXXI.
have had no rain during the
ranged from 59 to 97, aver¬
15X
15 Hi
16.25
15 %
15 Hi
15
14 %
14 H
14.43-.50 14.60-.73 14.31-.65 14.36-.49 14.45-.53 14.36-.45
14.46-.47 14.70-.72 14.32-.34 14.46-.47 14.49-.50 14.42-.44
@
The thermometer has
thermometer has
being 99 and the lowest 62.
15.05-.10 15.12-.20 14.99-.19 14.87-.90 14.80-.90 14.78-.82
15.07 — 15.15-.20 15.00 — 14.90-.91 14.89-.90 14.75-.85
—
Holdenville, Oklahoma.—We
week.
14H
15 Hi
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sat'day,
July 16.
[VOL.
no
rain
averaged 81,
during the
the highest
Oklahoma, Oklahoma.—There
The thermometer has
has been no rain during the
ranged from 65 to 104, aver¬
aging 84.
’
Alexandria, Louisiana.—The week's rainfall has been
seventy hundredths of an inch, on two days. Average ther¬
mometer 80, highest 96, lowest 63.
Amite, Louisiana.—Rain has fallen on four days the past
week, the rainfall reaching one inch and two hundredths.*
The thermometer has averaged 83, the
highest being 97
and the lowest 69.
New Orleans, Louisiana.—Rain has fallen on three
of the past week, the rainfall
reaching one inch and
days
ninetyhas averaged 80,
eight hundredths. The thermometer
ranging from 68 to 92.
Shreveport, Louisiana.—Rain has fallen on one day during
the week, to the extent of one hundredth of an inch.
The
thermometer has ranged from 65 to 94, averaging 79.
Columbus, Mississippi.—We have had rain on one day dur¬
ing the week, to the extent of six hundredths of an inch.
Average thermometer 79, highest 95, lowest 62.
Meridian, Mississippi.—We have had rain on three days
of the past week, the rainfall
reaching thirty-seven hun¬
dredths of an inch.
The thermometer has averaged 79, the
highest being 92 and the lowest 66.
Vicksburg, Mississippi.—There has been rain on two days
during the week, the precipitation being one inch and ninetyfour hundredths.
Thermometer has ranged from 67 to 90,
averaging 79.
Fort Smith, Arkansas.—Dry all the week.
The thermo¬
meter has ranged from 62 to 98,
averaging 80.
Helena, Arkansas.—Weather rather cool. We have had
rain on two days during the week, to the extent of
seventyfive hundredths of an inch.
Average thermometer 77.5,
highest 91, lowest 64.
Little Rock, Arkansas.—Rain has fallen on two
days the
past week, the rainfall reaching forty-one hundredths of an
inch.
The thermometer has averaged 79, the highest
being
92 and the lowest 65.
Memphis, Tennessee.—Weather favorable and the condi¬
tion of the crop improving.
We have had rain on two days
of the past week, the rainfall reaching
twenty-five hun¬
dredths of an inch.
The thermometer has averaged 77.2,
the highest being 91 and the lowest 62.4.
Nashville, Tennessee.—There has been rain on three days
during the week, the precipitation reaching one inch and
fifty-eight hundredths. The thermometer has averaged 76,
Abilene, Texas.—There has been no rain the past week. the highest being 88 and the lowest 64.
The thermometer has averaged 87, ranging from 70 to 104.
Mobile, Alabama.—Scattered rains in the interior early in
Brenham, Texas.—We have had rain on one day during the week, fair weather latter part.
Crop reports improv¬
the week, the precipitation reaching twenty hundredths of
ing. Rain has fallen on four days of the week, the rainfall
an inch.
The thermometer has ranged from 72 to
100, being one inch. The thermometer has ranged from 68 to 88,
averaging 86.
averaging 79.
Cuero, Texas.—Dry all the week. Average thermometer
Montgomery, Alabama.—Too much rain in the early part
87, highest 102 and lowest 71.
of the week.
Dry weather is imperatively needed. There
Dallas, Texas.—There has been no rain during the week. has been rain on four days during
the week, the precipitation
The thermometer has averaged 85, the highest
being 106 reaching two inches and nineteen hundredths. The ther¬
and the lowest 63.
mometer has averaged 77, the highest being 94 and the
Huntsville, Texas.—There has been rain on one day of the lowest 66.
past week, the rainfall reaching seventy hundredths of an
Selma, Alabama.—Bottom lands are still too wet to work.
inch.
The thermometer has averaged 82, ranging from Rain
has fallen on four days of the past week, the rainfall
67 to 97.
reaching one inch and twenty-six hundredths. The ther¬
KerrviUe, Texas.—We have had rain on one day during mometer has averaged 78, ranging from 64 to 95.
the week, the precipitation reaching three hundredths of an
Madison, Florida.—The week's rainfall has been seventyinch. The thermometer has ranged from 64 to
103, aver¬ three hundredths of an inch,on one day. Average thermo¬
aging 84.
meter 78, highest 90, lowest 70.
Lam-pasas, Texas.—Rain has fallen on two days of the
Tallahassee, Florida.—There has been rain on three days
week, the rainfall being twenty-two hundredths of an inch. during the week, the
precipitation reaching forty-two hun¬
Average thermometer 87, highest 106, lowest 67.
dredths of an inch.
The thermometer has averaged 79, th«
Longview, Texas.—Dry all the week. The thermometer highest being 89 and the lowest 68.
has averaged 83, the highest being 102 and the lowest 64.
Savannah, Georgia.—The week's rainfall has been two
Luling, Texas.—We have had rain on one day during the inches and ninety-nine hundredths, on four
week, the precipitation reaching forty-seven hundredths of thermometer 79, highest 94 and lowest 64. days. Average
an inch.
The thermometer has ranged from 72 to
100,
Washington, Georgia.—It has rained on four days of the
averaging 86.
week, the rainfall being two inches and three hundredths.
Nacogdoches, Texas.—Rain has fallen on one day of the The thermometer has averaged 78, the highest
being 95 and
week, the rainfall being ninety-seven hundredths of an inch. the lowest 60.
Average thermometer 77, highest 90, lowest 63.
Charleston, South Carolina.—There has been rain on four
Palestine, Texas.—We have had rain on one day during days during the week, to the extent of two inches and fifteen
the week, the precipitation being four hundredths of an inch.
hundredths.
The thermometer has averaged 78, ranging
The thermometer has averaged 82, the highest
being 100 from 66 to 91.
and the lowest 64.
Greenville, South Carolina.—We have had rain on one
Paris, Texas.—It has rained on one day of the week, the during the week, the rainfall reaching nine hundredths day
of an
precipitation being two hundredths of an inch. The ther¬ inch. The thermometer has
ranged from 61 to 89, averaging
mometer has averaged 82, ranging from 61 to 103.
75.
<
<San Antonio, Texas.—We have had rain on two
days
Spartanburg, South Carolina.—There has been rain on two
during the week, the rainfall reaching forty-four hundredths days during the week, the rainfall
being one inch and two
of an inch.
The thermometer has ranged from 72 to
100, hundredths. The thermometer has averaged 77, the high¬
averaging 86.
est being 95 and the lowest 59.
Taylor, Texas.—It has rained on one day of the week, the
Charlotte, North Carolina.—We have had rain on two days
rainfall being sixteen hundredths of an inch. Average ther¬ the
past week, the rainfall being forty-six hundredths of an
mometer 86, highest 102, lowest 70.
inch.
Thermometer has averaged 74, ranging from 60 to 90.
Weatherford, Texas.—It has rained on one day, the rainfall
Raleigh, North Carolina.—It has rained on four days during
being ninety-seven hundredths of an inch. The thermometer the week, the rainfall reaching
seventy hundredths of an
has averaged 86, the highest being 105 and the lowest 67.
inch.
Average thermometer 76, highest 92 and lowest 60.
and the lowest 74.
July
231910.]
THE CHRONICLE
DOMESTIC
EXPORTS
OF
COTTON
MANUFACTURES.—We give below a statement showing the exports
of domestic cotton manufactures for May and for the eleven
May 31 1910, and, for purposes of comparison,
like figures for the corresponding periods of the previous
year are also presented:
1910.
United
2,033,275
92,284
182,955
9,308
9,353
32,339
174,200
18,306
81.623
British North America
838,038
766,986
Cent. Am. States & Brit. Honduras 1,994,298 2,292,063
Mexico
146,647
198,580
Cuba
559,753 1,998,816
Other West Indies and Bermuda... 2,806,784 2,988,913
273,805
105,121
Argentina
Brazil
156,027
206,482
Chile
890,531
598,802
Colombia
1,246,106 1,455,666
Ecuador
189,336
163,545
Venezuela
166,678
511,190
Other South America
953,322
423,348
Aden
425,250 1,888,250
Chinese Empire
21,601,907 14,363,533
British East Indies.
1.032.000
929.606
37,512
Hongkong
24,427
Japan
13,280
British Australasia
628,522
830,325
Philippine Islands
466,984
1,914,655
Other Asia and Oceania
135,427
193,324
British Africa
273,569
746.062
Other Africa
34,324
111,752
Other countries
3,611
Kingdom
Germany
Turkey in Europe
Other Europe..
yards.
98,461
2.669.405
436,741
8,944,800
21,906,739
1,347,860
12,311,732
37,774,247
2,085,433
2,101,520
9,187,610
14,206,566
2,279,911
3,766,239
6,393,770
8,855,270
84,525.955
9,940,924
1,061,976
184,667
6,411,215
33,257,090
1,963,667
7,215,574
1,399,159
3,611
-
-
Total yards of above..
Total values of above
Value per yard
78,878
7.652,875
9,303.485
2,564,374
6,904,038
1,932,638
Kingdom
Belgium
Germany
Other Europe
$
38,988
200
480
861
3,427
6,982
158,440
British North America
Central American States and Britlsh Honduras
Mexico
Cuba
Other West Indies and Bermuda.
South America.
Chinese Empire
$
3,949
143,569
743,141
3,030
30,761
79,253
1,612,588
$
614.499
1,992
121,298
59,302
982,919
435,720
229,382
301.428
139,809
75,276
32,326
11,146
298,117
123,604
293,724
55,690
37,760
59,852
19,082
15,896
1,080
1,089
48,438
16,501
39,012
45,601
23,746
35,360
12,396
4,758
41,190
14,673
47.430
725,530
255,980
380,512
191,877
142.073
27,161
8,226
391,703
149,349
475,843
371,294
59,510
406,962
129,928
37,289
357,861
2,815.953
415,719
3,715,599
1,948,998
505,545
2,941,836
3,737,790
2.857,410
30,265,198
27.972,013
Japan
British Australasia
British Africa...
Other countries
•
Waste, cotton
Yarn
All other.
Total manufactures of
$
70,039
909
d.
d.
J’ne.
3 10%
11*
®
10 1015-16@ 11H
17 10*
11*
®
24 10 9-16® 115-16
INDIA COTTON MOVEMENT FROM ALL PORTS.
8.
d.
5
5
5
5
8
8
8
@10
@10
@10
6*@10
1
10*/*
8
15
22
10%
10%
io*
®
@
@
@
7.94
8.23
8.09
8.05
11* 5
5*@ 10 4
11
11
5
5
7.86
7.92
7.94
7.97
5
5
11* 5
@10 4
@10 4*
5*@10 6
1909-10.
21.
Receipts at—
1908-09.
Since
Week.
Bombay
Since
Week.
Sept. 1.
9,000 3,126,000
Since
Sept. 1.
Week.
8,000 2,083,000
For the Week.
Exports
from—
1907-98.
Sept. 1.
16,000 2,009,000
Great
Britain.
Conti¬
Japan
nent.
& China.
1,000 11,000
9,000 21,000
3,000 15,000 18,000
11,000 41,000 52,000
-----
w
Cotton Takings.
Week and Season.
956,000
571,000
626,000
3,000
3,000
4,000
5,000
5,000
43,000
25,000
48,000
31,000
20,000
9S.000
79,000
50,000
1,000
6,000
3,000
4,000
7,000
7,000
20,000
28,000
28,000
1,000
12,000
9,000
25,000
47,000
44,000
4,000
13,000
10,000
30,000
26,000
21,000
306,000
292,000
252,009
15,000
74,000
36,000
351,000
392,000
309,000
Total all—
1909-10..
1908-09..
1907-08..
3,000
3,000
w
_
'
1909-10-1908-09..
1907-08..
Madras—
1909-10-.
1908-09,.
1907-08..
All others —
1909-10..
1908-09.1907-08..
1,000
3,000
1,000
3,000
1,000
1,000
4,000
1,000
2,000
7,000
2,000
3,000
7,000
5,000
18,000
16.000
17,090
1,666
2,666
4,000
9,000 29,000
17,000 40,000
46,000 65,000
46,000
133,000 1.327,000
61,000 934,000
61,000 931,000
8*
8*
®
@
®
®
8* 4
8* 4
8* 4
9
4
8*
8*
9*
8*
@
@
@
@
9*
9*
9*
9*
4
4
4
4
d.
s.
9
9
9
9
10
d.
@8 10*
@8 10*
@8 11
@8 11
5.83
5.83
5.96
6.06
@9
6.33
6.75
6.72
6.48
10*@9
11
@9
10
@9
1909-10.
Week.
Visible supply July 15
Visible supply Sept. 1
American In sight to July 22
0
1*
3
2
1908-09.
Season.
Week.
2,099,838
_
Total supply
_
Season.
2,802,681
1,931,022
76,181 10,299,171
9,000 3,126,000
8,000
474,000
100
654,600
4,000
268,000
Bombay receipts to July 21
Other India shlp'ts to July 21
Alexandria receipts to July 20__
Other supply to July 20*
1,714,982
58,286 13,415,611
8,000 2,083,000
22,000
518,000
889,700
199,000
9,666
2,197,119 16,752,793 2,899,970 18.820,293
--
Deduct—
1,977*,789
Visible supply to July 22
Total takings to July 22
Of which American
Of which other
1,977,789 2,640,269
219,330 14,775,004
162,230 10,705,404
57,100 4,069,600
2,640,269
259.701 16,180,024
161.701 12,404,324
98.000 3,775,700
Embraces receipts In Europe from Brazil. Smyrna, West Indies, &c.
SHIPPING NEWS.—As shown
on a previous page, the
exports of cotton from the United States the past week have
reached 22,049 bales.
The shipments in detail, as 'made
up from mail and telegraphic returns, are as follows:
jL ULCLL
NEW YORK—To Liverpool—July 15—Celtic, 3,495.__
To Manchester
July 15—Tintoretto, 685
To Havre—July 16—California, 2,898
To Bremen—July 20—Bremen, 4,518
GALVESTON-^-To Hamburg—July 19—Albano, 1,458
NEW ORLEANS—To Liverpool—July 15—Mechanician, 2,894
July 20—Wm. Cliff, 1,400
UUIAsd*
3,495
685
2,898
4,518
1,458
4,294
To London—July 16—Californian, 45
To Havre—July 20—Honduras, 1,268
To Bremen—July 16—Californian, 937
To Barcelona—July 20—Martin Saenz, 1,750
To Havana—July 16—Excelsior, 6
PENSACOLA—To Hamburg—July 19—Elmsgarth, 294
45
1,268
937
1,750
6
294
31
70
300
BOSTON—To Liverpool—July 19—Saxonla, 31
To Yarmouth
July 15—Prince Arthur, 70
PHILADELPHIA—To Genoa—July 15—Ancona; 300
22,049
LIVERPOOL.—By cable from Liverpool
have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
Sales of the week
__bales_
Of which speculators took__
Of which exporters took
Sales, American
Actual export.
Total stock—Estimated
Of which American
Total Imports of the week
Of which American
Amount afloat
Of which American
spot cotton have been
95,000
23,000
28,000
Calcutta—
8
8
d.
s.
Upls
WORLD’S SUPPLY AND TAKINGS OF COTTON.
Total.
Bombay—
1909-10..
1908-09-.
1907-08-.
d.
Mid.
finest.
we
July 1.
July 8.
July 15.
July 22.
11.000
30.000
24,000
22.000
200
1,200
9,000
1,000
40,000
541,000
449,000
54,000
48,000
72,000
52,000
3,000
7,000
28,000
6,000
20,000
12,000
45,000
493,000
396,000
37,000
12,000
40,000
22,000
6,000
17,000
12,000
41,000
458,000
366,000
16,000
11,000
37,000
20,000
2,000
57,000
500,000
407,000
18,000
12,000
67,000
47,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
Since September 1.
Great
Conti¬ Japan
Britain; nent. JcChina Total.
to
d.
d.
5
6
6
5
Forwarded
July
d.
s.
8% lbs. Shirtinas. common
32s Con
Twist.
July
•
36,064,731 32,120,794 282,363.417 321,917,720
...$ 2^366,536 $1,918,422 $18,100,900 $18,855,092
$0,656
$0,597
$.0641
$0,586
Value Other Manufactures"of Cotton
Exported to—
Wearing apparel—
United
2,293,078
28,327
2,134,630
583,083
6,937.864
28,933.979
1.560,130
18,862,649
39,938,120
1.382,881
2,307,152
7,566,417
14,398,910
2,171,631
5,513,428
7,208,589
25,126.750
114,480,270
11,396,663
656,881
1909.
8% lbs. Shirt- Cot’n
ings, common Mid.
to finest.
Upl’s
32* Cop
Twist.
months ended
Quantities of Manufactures of Cotton Month ending May 31. 11 Mos. ending May 31.
(colored and uncolored)
1909.
1910.
1909-10.
1908-09. <
Exported to—
223
870,000 1,920,000
653,000 1,247,000
424,000 1,078,000
934,000 2,394,000
770.000:1.765,000
489.00011,481,000
Spot.
Saturday.
Market,
1
f
i,
12:15
P. M.
follows:
Monday.
Tuesday.
Wednesday. Thursday.
Friday.
Dull
Dull.
Dull.
and
easier.
•
Mid. Upl’ds
Sales
Dull.
.
Dull.
Dull.
8.02
8.15
8.12
8.03
8.07
7.97
3,000
4,000
1,000
5,000
3,000
3,000
1JOOO
4,000
1,000
4,000
Spec.&exp.
300
Futures.
Dull, unch.
Market
1 to 1 point
decline.
J
opened
Market
4
P. M.
as
Firm at
Quiet at
5@11*
pts. adv.
2 p 1 its
advance.
1
Steady at
1@8 pts.
Firm at
11 *@15*
Easy at
2@12 pts.
J
advance.
pts. adv.
decline.
Quiet at
5@6 pts.
Steady at
5® 8 pts.
decline.
advance.
Quiet at
2*@4
pts. dec.
200
Quiet,
unch. to
1 pt. dec.
Barely sty. Quiet at
at 5@7*
3*@7*
pts. dec.
pts. adv.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
'
below.
.
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,
July 20.
week
Since Sept. 1
Exports (bales)—
To
To
To
To
Liverpool
1908-09.
900
300
4,909,466
6,674,745
This
Week.
Since
Sept. 1.
150,362
119,308
3,500
7,156,843
This
Since
Week. Sept. 1.
3",750
225,001
206,491
362,926
73,401
3,750 867,819
2,750 298,902
60,952
191,365
212,542
3,750 356,530
88,758
Total exports
2,750 629,524
3,750 849,195
very sparingly.
We give the prices for to-day be¬
low and leave those for previous weeks of this and last year
for comparison:
12*
p.m.
p.m.
July
l
July- Aug-1
Aug.-Sep.1
Sep.-Oct J
Oct.-Nov-'.
7
7
7
6
Nov.-Dee.!
Dec.-Jan,'
Jan.-Feb.1
6
6
6
6
6
6
6
Feb.-Mch.f
Mch.-Apr.1
Apr .-May 1
May-June 1
Mon.
Sat.
12*
6
Tues.
Wed.
Thurs.
Fri.
4
4
4
4
4
12*
12*
12*
12*
12*
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
70* 85* 88
59* 73* 76
47
28* 44
89
99* 04
73
81* 85*
64
72* 76
61
69* 73
60
68* 72
59
68
71 *
59* 67* 71
59* 67* 71
59
67* 71
84
76
75
72
61
38
37
34
01 * 98* 98
72* 64 * 64
44
05
87* 83* 80*
78
74
71 *
74* 71
68*
74
70
67*
73
73
72
72
78* 77
69* 69*
67* 66* 60
60*
42
41
06* 05
80* 8.9 * 88
71
80
78*
68* 77* 76
67* 76* 75
67
76
69* 67
74*
74
69
66* 66* 76
66
66
75*
73*
68*
75
68* 65* 66
73*
35
35
00
99*
84 * 84
75
74*
73
72*
72
71*
71
71
71
70*
70* 70
70* 70
BREADSTUFFS.
Friday, July 22 1910.
Egyptian bales weigh about 750 lbs.
MANCHESTER MARKET.—Our report received by
cable to-night from Manchester states that the market is
firm for yarns and quiet ‘for shirtings.
Merchants are
buying
!
1907-08.
This
Since
Week. Sept. 1.
Manchester
Continent
America
Note.—A cantar Is 99 lbs.
16
July" 22.
1909-10.
Receipts (cantars)—
This
July
Prices for wheat flour in the local market have ruled firm
or
higher, and at
some
of the Northwestern and Western
markets noteworthy advances have been reported of late.
At the Northwest the demand has increased.
Here, how¬
ever,
trade has been
is
prospect of
no
an
on an extremely small scale, and there
early improvement in business, as con-
224t
THE CHRONICLE
determined to
to the belief among many
sumers seem
buy as sparingly as possible, owing
that it is only a question of time
prices must decline and bring about lower quo¬
when wheat
tations for flour.
Trade at most of the Western and South¬
western centres has been reported dull.- Rye flour and corn
meal have been quiet and steady.
Wheat has fluctuated irregularly, but on the whole has
been firmer, owing mainly to the unfavorable character
of the crop reports from the American and Canadian North¬
west, bullish crop advices from parts of Europe and a strong
market at
Liverpool. Cutting has commenced in the Ameri¬
can spring-wheat belt, and it is argued that rain now would
do more harm than good.
Canadian reports have been very
discouraging. A rumor was circulated at one time that a
prominent Canadian bank had estimated the yield at only
60,000,000 bushels, but this was subsequently denied. One
crop expert who has completed an inspection of the American
spring-wheat country estimates the crop at only 180,000,000
bushels, or 110,000,000 bushels less than the previous yield.
A prominent trade paper of the Northwest says the prospects
are for a yield in the three
principal producing States of from
140,000,000 to 150,000,000 bushels. Northwestern mar¬
kets have displayed conspicuous strength and the Northwest
has been prominent in the buying at times.
Also foreign
houses have bought the September option at Chicago with
sufficient freedom to excite comment.
This has given
weight to the unfavorable crop reports from parts of Europe.
Excessive rains in France are said to have delayed the har¬
vest and damaged wheat already cut.
The crop shortage
in that country is estimated at 40,000,000 bush.
Drought is
said to have injured the crop in India and Argentina, while
excessive rains, it is reported, have impaired the crop
in parts of Russia and extremely hot dry weather injured the
plant in other portions of that country. The world’s ship¬
ments last week were over 2,000,000 bushels smaller than
in the preceding week and about 1,800,000 bushels smaller
than in the corresponding period last year.
Visible supplies
on both sides of the water have continued to decrease at a
liberal rate.
Minneapolis has reported a good cash demand
from the mills.
At times reactions have occurred.
Bene¬
ficial rains have occurred in parts of the Northwest and some
reports have held out hopes of a larger yield in parts of
South Dakota and Minnesota than seemed possible recently.
Meantime harvesting returns from the winter-wheat regions
'
continue very satisfactory and the movement of the new
crop is increasing.
Cash prices at the Southwest have
weakened noticeably under the weight of the expanding
movement of new winter wheat.
Hedge selling has been a
feature of the trading at Chicago.
Elevator interests have
sold heavily at times, supposedly in part at least for short
account.
To-day prices were higher at one time on bullish
reports from the Northwest and from Europe, strong
Liverpool cables and covering of shorts, but a decline took
place later on favorable weather reports, increased offers of
new wheat, selling on
hedges and liquidation.
crop
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW
YOR K.
Sat.
Mon. Tues. Wed. Thurs. Fri.
No. 2 red winter
117% 115% 114
112% 111 % 112 %
July delivery In elevator
122% 122% 121
121
121
119%
September delivery In elevator
112% 113
111% 112% 112 % 111 %
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
Sat.
Mon. Tues.
Wed. Thurs. Fri.
July delivery In elevator
109% 110% 108% 109% 109
108 %
September delivery In elevator
107% 107% 105% 107% 107% 105%
December delivery In elevator._..109 % 109% 107% 108% 109% 108
Indian
more
futures have advanced, with the trading here
active, while the speculation at the West has been ex¬
corn
The
[Yol.
following
x
Also, cash interests have made purchases. The country is
not selling as freely as had been expected,
and meantime the
shipping demand at the West has been good. At times re¬
actions have occurred, owing to realizing.
To-day prices
declined on general selling, due to reports of rains at the
Southwest.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW
YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.
Cash corn
71%
73%
71%
72%
72%
73%
July delivery In elevator
69%
71%
71
72
74
72%
September delivery In elevator
70
70 %
70
71
73
71 %
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat.
Mon. Tues.
Wed. Thurs. Fri.
July delivery In elevator
59%
59%
59%
62
60%
61
September delivery In elevator
61 %
61 %
60 %
63 %
62
62 %
December delivery In elevator
58 %
58 %
58%
59%
62
59%
Oats for future
delivery in the Western market have ad¬
vanced, with trading active. Northwestern crop reports
have been unfavorable and the country has not sold
freely.
The cash demand at th Weest has been good.
The strength
of corn has also been a stimulating factor.
Cash houses
have made purchases and commission house business has
increased.
On the other hand, crop reports from many sec¬
tions have been favorable, and the crop outlook, taken as a
whole, is considered satisfactory. To-day prices declined
on the weakness in corn, selling by elevator interests and
liquidation.
33 00
Winter patents
Winter straights
Winter clears
Spring patents._*
5
4
4
5
5
5
Srlng straights
Spring clears.
OF
OATS FUTURES IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
July delivery In elevator.
41%
September delivery In elevator
39%
December delivery In elevator.... 40%
41%
39%
40%
41%
39%
40%
41%
39%
40%
42%
39%
40%
41%
39%
40%
Kansas straights, sack.$5 00
Kansas clears, sacks
4 00
City patents
6 60
30
75
50
95
25
00
Rye flour
3 85
Graham flour
4 15
Corn meal, kiln dried.. 3 15
GRAIN.
Corn,
31 32
No.
1 30
No.
No.
111%
Wheat, per bushel—
N. Spring, No. 1
N. Spring, No. 2
Red winter, No. 2.
Hard winter. No. 2
Oats, per bushel—
Natural white
White clipped
per bushel—
2 mixed
elev.
2 yellow
f.o.b.
2 white
f.o.b.
Rye, per bushel—
No. 2 Western
f.o.b.
State and Jersey
1 18
Cents.
48
Cents.
73 %
Nominal
Nominal
81
@51
50
@53 % Barley—Malting
Nominal
Feeding, c.l.f., N. Y_.
Mixed..
Nominal
72 @ 76
Nominal
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected
by
the New York Produce
Exchange. The receipts at Western
lake and river ports for the week
ending last Saturday and
since August 1 for each of the last three
years have been:
Receipts at—
Flour.
Wheat.
Com.
Oats.
Barley.
Rye.
bbls.lOOlbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushA8lbs. bu.56 lbs.
Chicago
109,122
50,050
7,715
Milwaukee..
Duluth
141,000
39,550
353,6S0
915,520
13,500
5,100
Minneapolis.
Toledo
Detroit
Cleveland
St. Louis...
Peoria
Kansas City.
7,090
.
1,794
11.858
37,330
37,600
244,763
7,000
1,317,600
250,701
304,970
335,993
3,049,571
1,379,628
4,425,091
..
1,243,100
99,440
21,434
112,660
42,500
19,203
36,668
242,400
234,100
292,300
89,700
81,740
138,510
1,400
19,200
214,800
1,093,050
214,200
38,114
198,180
45,750
15,287
77,338
309,400
169,000
44,200
33,000
2,266,305
2,090,788
1,858,970
2,204,519
1,448,580
1,821,686
622,850
468,688
396,525
53,301
29,713
49,429
6,500
3,060
1,561
8,090
1,000
90
,
Total wk. ’10
Same wk. ’09
Same wk. ’08
Since Aug. 1
1909-10... 19,551,620 242,950,079 178,887,469 86,998,127 79,905,527 6,767,506
1908-09... 19,723,362 213,096,771 146,907,436 160,369.832 81,290,175 6,272,092
1907-08... 17,828,077 210,280,412 118,553,327 181,131,112 61,490,893 6,601,225
Total receipts
the week ended
of flour and grain at the seaboard ports for
July 16 1910 follow:
Flour,
Receipts at—
New York
Boston
Philadelphia
Baltimore
Richmond
New Orleans
.
.
.
.
.
Newport News
Galveston
Mobile
Montreal.
Wheat,
Com,
Cats,
bbls.
bush.
Barley,
bush.
Rye,
bush.
bush.
bush.
119,697
28,729
26,729
21,911
2,200
11,396
336
130,700
3,092
63,392
319,133
9,250
195,600
317,650
51,370
100,123
58,290
12,000
58,500
1,275
371,648
72,217
3,159
18,730
.
10,067
12,480
38,551
36,406
324,400
17,000
1,000
691,492
5,588
20,000
1,040
1,167
836
Total week 1910.
232,887
1.234,059
614,092
969,581
74,659
Since Jan. 1 1910. .8,866,653 35,696,773 23,892,569 24,905,289 1911,269
Week 1909
195,436
497,842
337,331
476,623
47,463
Since Jan. 1 1909..7,801,795 34,618,251 27,442,011 24,129,926 4134,280
1,876
.
417,177
20,882
413,935
.
The exports from the several seaboard ports for the week
ending July 16 1910 are shown in the annexed statement:
Wheat,
Com,
Flour,
Oats,
bush.
bush.
Rye,
bbls.
bush.
bush.
83,894
26,757
36,545
3,515
Exports from—
New York..
Boston
4,355
3,000
9,424
5,189
336
5,000
3,159
Philadelphia
Baltimore
New Orleans
1,550
270,000
r
Newport News
Galveston
Mobile
Montreal.
6,000
Total week
Week 1909
‘
5,588
96,000
404,000
487,894
743,047
July 1 1910 is
Exports for week and July 16.
bbls.
since Jidy 1 to—
United Kingdom— 34,453
Continent
15,563
23,000
m,66o
31,000
127,655
27.554
31,000
76,778
2,330
for the week and since
Wheat-
Corn
Since
Since
July 1
Week
1910.
bbls.
July 16.
1910.
bush.
July 16.
bush.
bush.
389,862
95,032
3,000
1,018,782
200,553
6,000
24,760
89,500
29,319
33,841
43,123
53,000
60,316
261,780
29,788
75
143
105
143
188,714
94,316
363,400
57,194
1,011
1,011
90,008
102,827
196,031
210,274
487,894
743,047
1,225,335
1,682,099
405,895
64,593
704,635
187,004
.
1909
9.369
July l
15,014
—
Total
700
v
Week
Sou. & Cent. Amer.
West Indies.
Brit. Nor. Am. Cols.
Other Countries
Total..
bush.
8,669
405,895 90,003
64,593 102,827
-Flour-—-—
Since
..
Peas,
bush.-
below:
as
Week
..
Barley,
40
100
The destination of these exports
bush.
July 1
1910,
The world’s
shipments of wheat and corn for the week
ending July 16 1910 and since July 1 1909 and 1908 are
shown in the following:
Wheat.
Exports.
1910.
Since
Week
Since
Since
July 16.
July 1.
July 1.
July 16.
July 1.
July 1.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
400,000
992,000
896,000
160,000
56,000
3,483,000
10,680,000
1,504,000
2,456,000
3,208,000
1,400,000
224,000
7,085,000
22,955,000
..
..
The quantity
mentioned was
3,895,000
439,000
5,576,000
136,000
5,592,000
476,000
392,000 2,950,000
7,088,000
760,000
536,000
of wheat and
as
corn
follows:
1910..
1910..
1909..
1908.
1907..
.
254,000
2.234,000
9,951,000
2,736,000
afloat for Europe on dates
Com.
United
16
9
17
18
20
1,113,000
681,000
3,962,000
5,433,000
23,839,000
Wheat.
July
July
July
July
July
1909.
Since
Danubian
Indian
Australian..
Oth. countr’s
Total
1909.
Week
Bushels.
North Amer.
965,000
Russian
3,616,000
Argentine
Corn.
1910.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Natural white
48-51
..48-51
48-51
48-51
48-51
48-51
White clipped
50-53% 50-53% 50-53% 50-53% 50-53% 50-53%
DAILY CLOSING PRICES
FLOUR.
,
cited at times.
Stimulating and strengthening factors have
been reports from various parts of a decline in the condition,
owing to insufficient moisture and high temperatures.
These reports have caused active commission-house
buying.
closing quotations:
are
_
Winter, low grades
lxxxxi.
United
Kingdom.
Continent.
Total.
Kingdom.
Continent.
Total.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
20,560,000 8,320,000 28,880,000
21,920,000 8,480,000 30,400,000
18,880,000 13,680,000 32,560,000
14,960,000 9,760,000 24.720,000
22.120,000 9,840,000 31,960,000
6,035,000 10,200,000 16,235,000
5,525,000 9,775,000 15,300,000
8,840.000 12.410,000 21,250,000
5,780,000 7,820,000 13,600.000
8,000.000 12,840,000 20,840,000
July 23 1910.
visible
supply of grain, comprising the stocks in
at lake and
granary at principal points of accumulation
seaboard ports July 16 1910, was as follows:
AMERICAN GRAIN STOCKS.
New York
Boston
.
Baltimore
Wheat,
Corn,
Oats,
Rye,
bush.
bush.
bush.
bush.
bush.
179,000
159,000
328,000
456,000
11,000
40,000
519,000
99,000
129,000
667,000
278,000
2,252,000
4,276,000
187,000
716,000
3,000
52,000
300,000
54,000
10,000
189,000
354,000
245,000
4,000
49,000
204,000
92,000
18,000
168,000
1,000
18,000
1,000
293,000
35,000
15,000
215,000
141,000
1,170,000
269,000
70,000
49,000
45,000
89,000
377,000
181,000
7,000
4,000
235,000
On Fakes
348 000
On Canal and River...
135,000
5,000
197,000
45,000
129,000
806,000
241,000
98,000
40,000
65,000
519,000
24,000
325,000
1,104,000
235,000
Total July 16 1910.-10,834,000
Total July 9 1910.-11,613,000
Total July 17 1909.. 7,233,000
4,740,000
4,743,000
2,704,000
Buffalo
Toledo
.
.
..
Chicago
Milwaukee
Duluth
_
-
-.
Minneapolis
St. Loul3
.
Peoria
Indianapolis
3,549,000
4,007,000
5,618,000
9,000
3,000
78,000
136,000
3,000
Barley,
16,000
343,000
280,000
48,000
15,000
42,000
318,000
361,000
135,000
1,107,000
1,444,000
583,000
Barley,
CANADIAN GRAIN STOCKS.
Montreal
Fort William
Port Arthur.
Other Canadian
..
Total July 16 1910..
Total July 9 1910..
Total July 17 1909..
Wheat,
Corn,
Oats,
Rye,
bush.
bush.
bush.
bush.
933,000
1,773,000
1,320,000
474,000
20,000
887,000
Canadian..
Total
Total
Total
Total
July
July
July
July
Total July
Total July
887,000
923,000
396,000
108,000
46,000
SUMMARY.
Corn,
188,000
99,000
100,000
Oats,
Rye,
bush.
bush.
bush.
bush.
10,834,000
4,500,000
4,740.000
318,000
20,000
3,549,000
887,000
1,107,000
18S.000
1910..15,334,000
1910.-16,154,000
1909.. 9,099,000
1908.-13,262,000
1907.-46,636,000
1906.-25,915,000
4,760,000
4,851,000
2,750,000
2,901.000
8,999,000
5,867.000
4,436,000
4,930,000
6,014.000
1,499,000
4,651,000
5.351,000
318,000
361,000
135,000
106,000
674,000
1.391,000
1,295,000
1,543,000
683,000
...
16
9
17
18
20
21
20,000
bush.
American
Barley,
829,000
756,000
1,059,000
THE DRY GOODS TRADE.
Business in heavy brown sheetings and drills,
although
somewhat in excess of last week’s volume, is still quite mod¬
erate, but with the cleaning up of a number of stocks from
first hands, there is less irregularity in prices, with a harden¬
ing tendency shown in leading makes. Bleached muslins
are in steady request without
change in price. Denims,
tickings and other coarse, colored cottons are also steady
in all leading makes; stocks of other lines which have been a
disturbing factor for some time past are now reported fairly
well cleaned up and buyers find it difficult to purchase ex¬
cept at fully previous prices. There is no change to report in
staple prints and ginghams, but in the finer grades of fancy
prints and dress ginghams buying for next spring has been
on a fairly liberal scale, and up to the
present time the new
season’s business wears a satisfactory appearance.
The
demand for printing and convertible cloths has shown some¬
what more spirit, and in a number of makes buyers have paid
advances of 3^e. over what they were able to purchase at
last week, and at the close of the market in some directions
find it difficult to make further progress thereat in face of
increased pretensions on the part of makers; for 383^-inch
64 squares 4^c. is bid, with 5c. generally asked.
GOODS.—Leading lines of staple worsteds and
by the American Woolen Co. and
this week. The former has not
yet made known publicly its list of prices, but from what
could be gathered in the market, standard lines show reduc¬
tions ranging from 10c. to 20c. compared with prices for the
same fabrics a year ago.
These openings have apparently
released a waiting demand, and the week closes with business
progressing on a broader scale than so far for the new season,
although at the same time it cannot be said that buyers are
acting otherwise than with a fair amount of caution. The
manufacturers look for a considerable augmentation of or¬
woolens have been opened
other prominent makers
ders when the market settles down within the next week or
Dress goods and cloakings are inactive, the continued
two.
strike of the cloakmakers
New
York, Friday Night, July 22 1910.
increase in the number of buyers in
the market this week, and their attendance has imparted
a busier appearance to
trading which has hardly been borne
out by actual results.
Yet at the same time the aggregate
volume of business reported shows some gain upon the re¬
sults of preceding weeks.
It is possible that more might
have been done in the cotton goods division if buyers had
found sellers as easy to deal with as of late.
In most direc¬
tions, however, the latter have displayed a growing firmness,
not only in resisting demands for further price
concessions,
but in holding out for actual advances on prices they were
willing to go on at a week ago. The most definite indications
of this have been seen in goods of
print-cloth-yarn construc¬
tion, on which manufacturers at Fall River and other cen¬
tres are holding for J4C- advance on some makes.
Buyers,
as a result of their more
general testing of the market," are
finding many bare spots where they had expected to be
able to purchase from stocks on hand, and
although this has
not stimulated them to activity in
placing orders ahead,
the week’s business has been less generally of a hand-toThere has been
The value of these New York exports since Jan. 1 has been
$9,192,654 in 1910, against $12,362,123 in 1909.
WOOLEN
4,500,000
4,541,000
1,866,000
Wheat,
bush.
188,000
325
an
mouth character than before.
Taken as a whole, the tone
of the market is perceptibly better. The
extraordinary po¬
sition of cotton still acts as a severe check
upon manufactur¬
ing, and although the curtailment of output is probably less
than it was two weeks ago, it is still severe
enough to pre¬
having been opened of men’s wear fabrics; the new prices
named on these, showing declines from a year
ago on stand¬
ard makes of 10 to 20c. per yard, are
evidently looked upon
as placing the
price situation in a clearer light. It is re¬
ported on good authority that plans are completed for a com¬
bination of some 25 mills, running about 4,000 looms, with a
capital of $25,000,000, the interests combining being mainly
manufacturers of men’s
wear
fabrics.
The first of the Claflin
sales, of the Tefft-Weller stock has been the chief feature
jobbing circles.
satisfactory.
Results
in
reported to have been quite
are
1910-
selling in moderate quantities in dress goods, silks,
ribbons, &c., but importation orders are reported as below
general expectations. Linens continue firm, both for goods
in stock and for next season’s importations.
Burlaps are
quiet, with an indifferent business doing at last week’s
prices.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending July 16 1910 and since
Jan. 1 1910, and for the corresponding periods of last year
follows:
were as
ft
ft
<6
O
New York, to July 16—
Great Britain
Other Europe
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America..
Other countries
Week.
41
28
155
238
187
754
114
402
994
514
Total
.
3,427
Since
Jan. 1.
1,161
Week.
615
3
42,767
8,389
6,510
2,394
15,368
1,114
5,421
27,662
23,079
18,443
1,238
134,480
*
150
140
742
10
277
791
340
Since
Jan. 1.
614
661
121,637
9,938
17,220
7,798
21,963
914
8,019
29,299
10,021
O
S
.
228,084
ft
0)
O
8
K
ri-
P•
g
d
g
|
®
3
1
1
1
1
>
1
© W
k-k
1—l
W OB
w ©
CO w to © -1
kt^ © © CO k-k
■si k-k CO “0 ©
to
CO ©
O OB
sl OB
k-k k-k to k-k
® co to © eo
W M S) CO s|
bo 1-.
bo
si t-k
© W
oa^MW
-J CO © » ■si
w w w ©
1
k-3
1
1
1
02
k-k
k-k
X
to
©to
o
1
1
1
ft
1
1
ft
bs
Vs
to
W kps
© IPs k-k © ©
©
k-3
ft
IPs
M k-k
to -4 » W ©
sj<kkk©0
Ed
to
CO"
ft
bo
bs
0
kl^.
©
o ©
■si ©
co k-k © k-k co
M k-k CO -J kps
*©
bo bo
©
©
-4 k-k
© k-k
k-k
© k-k
k-k
k-k
•1 to
to
® ©
k-k
k-k k-k
to k-k
OB W © © k-k
©
bo
co oo
kps © W © ©
© © -s| to »
©
w
to
k-k
Vk
CO© CO
© kPs © W
© © © © ©
►
Ed
©
ro ©
to ©
to
V|
©
kPs ©
ft
©
© k-*
w
k-k
sl s|
bo V|
itk- OB
to ©
© CO
itfc ©
k-k
OB
to CO CO W CO
b-
to
© CO W
W -s| k-k © Co
© CO Co to CO
Vi
bo *© bo
®
co o © ©
© w © © ©
k-k
W CO
k-1
ttk.
CO OB
k-k
si w to © kps
to © to © ©
kps w © to 00
©
w
bo Vi
bo
k-k
kPs k-k
CO »
CD W
CD
•Sl © © © ©
k-k kP. © © kPs
G
G
Ed
to
©*©
bs
©
kPs k-k
k-k ©
1—1
to
k-k
»
w to
JS|
k-k
k-k
to
to o
g
©
to k-k
ft
Vi
bo
02
©
tO tO W tO
bs
bo
-v|
© -J
k-k
b.
© OB
CO to
k-k
CO k-k
-4 © © kPs w
CO ^1 00 Co to
*.©©©©
w i-k ® oo eo
CO © © k-k ©
©
to
bo
k-k
©
©
V|
k-k
©
k-k
©
©k-k
to
© to © w ©
bo
ktk. © w
© © © © ©
•0 © © © ©
k-k k-k
kU -0
k-k
to to ^1 ©
bj *©
bo
w
Co w
© © Sj QJ
Vi
©
© H*
© kPs
k-k k-i © I-*
© to » to *s|
© kps W W ©
©
Vk Vi
Vi
Ed
o
w
© k^
to ©
iPs
w © w w
s| 4S © k-k ©
© © © ©
-O W
w
k-k
© k-k
kP- ©
©
l-k
©
©
©
bs
to
k-k
k-k
kPs
w
l-k
©
-sl k-k
to
kP
to
V|
to
»
W
W
3
H N
■*'*
2S & a
g
8
©
3
ft
H
O
© © Co
CO k-k W
t»i>b
CO s|
kps sl ips to ©
l-k w k-k © ips
©
►—1
to
Sl
CD
CO -4
bo
|ps
to
© o ©
l-k
5S
bo
to
© w N O
Cl
«•
e
bs
k-*
00 k-k © CO 60
©
W
k-k
k-k
00 W WOW
rfs 00 05 © 45.
© 4*. © I-1
8
8
ft
O
Ed
o
H
3
X
ft
ft
M** 8.
00 05 05
CO s| © © s|
CO
ft
© l-l ^| 00
kps
to
*-5
®
.•s
3
ft
ft
W
j!
g
§ 8
•
30
5*! a
to
bo
Ed
W
“ft ss
02
t-t
ro
to
"©
ci
o
©
©
*-3
X
Ed
o
Ed
8
k“* Co O
00 w
©
©
W
V*
*M
©
CO to MM00
© o © 00 W
to
s| sl CO
■si CO CO CO "si
©
b
g^lft
M M
ft
©
lU OB
©to
OI-'OWM
Ed
>
S
Ch
k-k
CO
w to © W ©
l-k k-k
bs
bo
to
M ©
© to s| >P- ©
© © k-k |fS k-k
©
kps
© to
k-k
to 4.
*©
M sj O CO o
k-k
1-5
k-k
© 00 05 w ©
ft Go
r?
CJ
3
S
© © © o
3
!
■kl k-k
omVmo
S|
©
ft
©
t)
bo
a
X
©
w
© it*. O s| CD
its its
w
w © © to ©
<s| © © © ©
o
CO k-k
>U CO
M
s|
ft
o
l-k
ft
ft
k-H
Mt4»00W
©
*© Vk Vi
>
to
bo
H
©
CO W to «■! kPs
© © to W kPs
Oi W O ® t\3
Ui ® M 00 'J
CO w © to 00
hH
X
?r
o
kPs
02
w
to
Vi
ft
Vi
3
ft
P*
o
©
02
© k-k
■si W
X
w
ft
Vi
©
w
l-k
02
o
ft.
©
i>
w «
co to
© CD © kps W
© © © © ©
HI
k-l
w © w © ©
o
rj
V-H
©
i
a
3
)-k
|-k
X
©
Ed
ft
a
>
Ed
,
Ed
CO |_k
to OB
to to
H
ft
3
O
■Si
CO
Si
1
ft
o
HI
ft
•a
to
Ed
H
a
Ed
k-k
8d
J
►a
o
ft
o
P
&
S3
Oi
>
6
B.
_
a>
g
•—
?!E?
*-f
l
g
c+
X
pj
P.
3
S
O C2
£!■ O g*
2. 5*
—s.
ct
fD
p
g
j
c-k
b-t
SB
~
P3
© k-k
22,134
tf
o
£R"38|
3
—
g
ft
8
3 $
p.
g
g
<rk
© w
■1909
adverse influence.
FOREIGN DRY GOODS.—Seasonable merchandise has
00 to
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending July 16 were 3,427
packages, valued at $237,635, their destination being to the
points specified in the table below:
an
been
vent further
accumulation of merchandise in first hands,
and ought to prove a sound foundation for the
upward turn
in values seen this week.
In the woolen goods division,
business has been on a broader scale, further important lines
exercising
<
The
THE CHRONICLE
w! © bs
to
ool© 4^!©
oo'sj © ro
to
©
k-k
s|
jsl
to to to
w
©
© w
kPs -s|
© w
© ©
■sl kps
©Vi
js| to
w ©
k-k O © to to
kps -sl © © W
ca © w w to
© © sl tO W
© © © Co ©
5-5
3
tO to
|ps
-J © w CO ©
Vi
bsVlbo
©
|ps
CO 5-5 sl to 00
©
CO
sl
©
Vl
© © W 45. W
V* Vi b»
to to
© ro i— © ©
00
H*
s| © w
ft~
s. •-*
8
*
®
s
O
THE CHRONICLE
OlTY DEfABTMEWT,
m*
MUNICIPAL BOND SALES IN JUNE.
We present
herewith
our
detailed list of the municipal bond
issues put out during the month of June, which the crowded
condition of our columns prevented our publishing at the
usual time.
The review of the month’s sales
given on page 106 of
July 9. Since then several belated June
returns have been received, changing the total for the month
to $18,549,085.
The number of municipalities issuing bonds
was 304 and the number of separate issues 398.
was
the “Chronicle” of
JUNE
BOND SALES.
Name.
Pace.
Rate.
1567. .Adams, N. Y
49. .Akron Sch. District, Ohio
1567. .Albany, N. Y
1625. .Albany, N.Y
107. .Albion, Pa
1690. .Alleghany County, Va
1690. .Allen County, Ind
49. .Alvin, Tex
1568. .Alvord Sch. Dlst., Cal
49. .Amesbury, Mass
1625. .Argo Ind. Sch. Dlst., Tex
1625. -Armstrong Co. Com. S. D.,Tex.
1568. .Arnold, Pa
1691. .Ashtabula Sch. Dlst., Ohio
1691. .Atascosa Co. Com. S. D. No.
4^
Texas
50. .Athens, Ohio
50. .Athens, Ohio
1503. .Atlanta, Ga. (5 Issues)
50. .Attleborough,
Mass
50. .Auburn, Me
1568. .Baltimore, Md
166. .Baltimore, Md
1691. .Batesvllle, Ind
so- .Bethlehem S. D. No. 15, N. Y.
5
5
5
23,
so. .Black River Falls, Wls
50. .Boardman Twp. S. D.,
107. .Bogue Hasty Drain D.,
1568.
Miss.
107. .Brookvllle,
1568. ..Buffalo, N. Y
1568
166 ..Buffalo, N. Y.
1626
1626
1691 ..Canton Twp. Sch. Dlst., Ohio.
1568
1568.
1504.
1691. .Carrollton, Ohio (2 Issues)
1691. .Castile, N. Y
*
166. .Cedar Falls S. D., Iowa
51.
1691.
1691. ..Charles City Ind. S. D., Iowa..
51. .Charleston Sch. Dlst., Mo
1691.
1691.
1568.
1568.
107.
1626.
107.
107.
51.
51.
1626.
51.
107.
51.
228.
228.
51.
1626.
4
5
Heights, Ill..
Sanitary Dlst.
Ill
.Coal County, Okla
.Coeur d’Alene Ind. S. D., Ida
.Colebrook Spec. S. D., N. H__
.Coleraine, Mlnn.i..
.Columbia Heights, Minn
.Columbus, Ohio
.Columbus, Ohio
.Cottage Grove, Ore
.Cottle County Com. Sch. Dlst.,
4H
4H
4^
4
4
4
4
4
5
5
4
6
4
4
4
5
108.
52.
108.
<*1920-1940
1911-1915
<*1930-1950
1911-1940
1940
1912-1921
<*1930-1950
1911-1928
1930
1914
1912-1928
1911-1920
1911-1930
6
4H
4 H
5
4
4
5
5
4
4M
5
6
6
5
4
4
4
4,000
1911-1915
1931-1938
25,000
45,800
3,250
40,000]
,14,’15&’16
4
5
4H
4X
4H
5
7.481
17,000
4,000
16,000
23,000
20,000
3,095
1920
<*1919-1929
1911-1915
1911-1915
1912-1917
1915-1940
1910-1930
1911-1920
<*1919-1929
1912-1919
1912-1931
<*1920-1945
1919-1923
1915-1924
1911-1920
<*1915-1930
1935
1911-1940
1911-1930
1911-1930
1911-1940
1920
1911-1916
1940
1911-1920
1911-1930
<*1920-1940
<*1915-1930
1912-1917
1912-1917
1912-1916
1940
5
5
4
5
43,070
1911-1920
<*1929-1949
5K <*1914-1918
1930
4H
4H
4H
4H
13,000]
25,000
1911-1920
<*1915-1940
1911-1913
1911-1921
1916-1930
1912-1916
1945
1911-1919
110.988
100
7,000 1/100.02
50,0001 100.10
40,000]
720,000
1930-1950
<*1930-1950
1912-1918
1930
’19-’24&’29
1910-1929
102.185
101.20
100
30,000
5
1926-1930
4
4X
H
5
5
1935
5
1921-1930
5
<*1920-1930
1911-1930
4^
4H
5
5
1914-1918
4 ^
Various.
4X
4
Various.
5
1920-1935
100
100
101.353
100.819
100
100
10,000
160,000
25,000
1911-1930
1911-1920
Various
1940
1950
100.10
100
100
100
100
103.633
103.608
101.411
100.088
102
100
100
100
100.50
1930
1915-1930
1911-1930
Price.
2,800
3,220
3,520
625,000
41,000
10,000
151,900
79,900
3,000
3,400
4H
No. 1, Texas
5
107. .Court House Twp. S. D., Ohio. 4H
4
1693. .Crooksvllle, Ohio
5
1569. .Custer County, Mont
5
51. .Custer Co. S. D. No. 1, Mont.. 5
1693. .Cuyahoga County, Ohio
4
107. .Cuyahoga County, Ohio
4 H
1693. .Dale Sch. Dlst., Pa
5
1626. .Dallas, So. Dak
5
1626. .Dayton, Ohio
5
1693. .Decatur, Ala
5
1569. .Delaware Sch. Dlst., Ohio
4^
1626. .Dixon Sch. Dlst., Cal
5
52. .Dothan, Ala
8
1693. .Easton, Pa
4
1693. .East Sparta S. D., Ohio
5
1693. _E1 Campo Ind. Sch. Dlst., Tex. 5
167. .El Dorado Spec. Sch. Dlst.,Ark. 6
52. .Elgin Ind. Sch. Dlst., Tex
5
107. .Elgin Twp. S. D. No. 46, Ill.. 4
1693. .Ellenvllle, N. Y
4.24
1693. .Essex County, N.J
4
107. .Eugene, Ore. (2 Issues)
5
1693. .Fairbury. Neb
5
52. .Fairfax, Okla. (2 Issues)
6
52. .Fall River, Mass
4
52. .Fall River, Mass
4
52. .Fall River, Mass
4
52. .Fall River, Mass
4
52. .Fall River, Mass
4
1627. .Flshklll Landing, N. Y
4H
167. .Florence Co. S. D. No. 16, S.C. 5
107. .Florida Sch. Dlst., Ohio
5
108. _Ft. Smith & Van Buren D.,I11_ 5
52.
1627.
$7,000
150,000
368,150
100,000
28,000
80,000
12,942
10,000
15,000
30,000
2,000
8,000
45,000
10,000
4H *15,’20&’25
.Cincinnati, Ohio
.Cincinnati, Ohio
.Claremont, Cal. (3 Issues).
.Clarkfleld, Minn
.Clifton S. D. No. 2, Kan
.Clymer Sch. Dlst., Pa
.Coal County, Okla
1694.
1627.
168.
168.
168.
1627.
1627.
1627.
1627.
52.
Amount.
1915
5
Ohio.. 4H
Miss.. 6
1626. .Boyne City, Mich
1625. .Bratenahl Sch. Dlst., Ohio
51.
1626. .Chicago
1692. .Chicago
4
4
4
5
5
5
5
Maturity.
768
300,000
30,000
/470.000
1 30,000
101.564
102.532
104.015
103.29
106.988
100.002
100
100
100
100
100.404
100.403
102.237
97.1436
98.25
101.10
41,000
50,000
101.30
100
20,000
100
4,000
15,000
100
8,000
35,000
10,000
55,000
101.972
30,000
100.54
40,000
100
5,000
100
40,000'1*100
558,600
100,000
.
19,000
15,000
3,500
50,000
100
100
102.285
12,000 1/100.458
300,000
100.003
3.500 .101.927
10,000
100.57
13,500
6,700
101.205
25,000
100
30,000
103.535
25,000
102.83
100
85,000
30,000
101.50
3,000
1.500
100
100
20,000
4.500
loo
70,000
20,000
13,700 *100
210,000
115,000
50,000
125,000
101,500
50,000
50,000
25,000
6,000
20,000
100
[VOL.
Page.
Name.
Rate.
1569. .Goshen Union Free Sch. Dlst.
No. 8, N. Y__
4H
52. .Granite City Sch. Dlst., Ill
5
1627. .Greensboro, No. Caro
5
108. .Gross Point, Ill.
1694. .Grosse Polnte Farms, Mich... 4
108. .Guntersvllle, Ala
1569. -Hackensack, N. J
4 M
108. .Hamburg, N. Y
4
108. .Hamburg, N. Y_
5
108. .Hamilton, N. Y
4
52. .Hamilton County, Ind
4 M
.Harrison
108.
County, Iowa
6
1694. .Haskell Co. Com. S. D. No. 1,
Texas
52. .Haskell Co. Com. S. D., Tex__
108. .High Bridge, N. J
1627. .Hillsborough Bridge Fire Dlst.,
N. H...
1569. .Hoboken, N. J
52. .Hopewell Twp. Sch. Dlst., Ohio
108. .Holloway Sch. Dlst., Ohio
168. .Houston Co. S. D’s, Tex. (2 Is.)
1627. .Indianapolis Sch. Dlst., Ind__
108. .Irene Ind. Sch. Dlst., Tex
1627. .Jacksboro Ind. Sch. Dlst., Tex.
1694. .Jackson County, Ind__
16597.0North
108.
1627.
1695.
53.
108.
53.
53.
1628.
1569.
1628.
23).
53.
1695.
53.
1570.
1570.
1628.
53.
53.
108.
108.
108.
53.
1695.
53.
1628
100
101
2,000 102.7625
650.000
10,500 101tol04
33,000
100
23,000
101.429
18,000
102.224
5,000
101.40
110,000
8,000
100
40,000
106.11
2,000
100
1,200
101
8,400
102.65
45,000
8,000
102.55
2,000
100
100
5,500
Amount.
1912-1930
$63,000
1912-1922
14,000
35,000
1,000
9,000
15,000
25,000
45,000
6,600
4,000
3,225
1940
1928
1915-1939
1915-1939
1915-1939
1911-1924
1913-1920
1915-1925
<*1915-1930
5
4
""'1945''
4
5
4
5
3H
.Jonesboro Paving Dlst., Ark__
.Kansas City, Kan. (3 Issues)..
_Keene, N. H
.Kemmerer S. D. No. 10, Wyo.
.Kenmore Sch. Dlst., Ohio
.Killeen Ind. Sch. Dlst., Tex
.King Co. S. D. No. 14, Wash..
.King Co. S. D. No. 133, Wash.
4
4
5
5
5
5
1915-1926
1940
1912-1914
1913 to 1933
24,000
250,000
1.500
6.500
1940 <fe ~41
1930
.Kingfisher Sch. Dlst., Okla
5
1915-1930
1911-1920
1915
1911-1912
1940
H
4H
1940
1911-1915
<*1915-1920
1911-1916
<*1915-1950
<*1912-1915
<*1912-1920
«1925
.Kirkland, N. Y
.Kirkland, N. Y
.Klickitat Co. S.D. No.50,Wash.
.Klickitat Co. S.D.No.63,Wash.
.Knoxville, Tenn
.Kossuth County, Iowa
.Lac Qul Parle County, Minn..
.Lafayette County, Mo
4H
4H
6
<*1911-1920
1916-1920
6
1940
5
1916-1924
4M
’20-’25&’30
5
1911-1930
6
1911-1914
.Lansing, Mich
4
109. .Laramie Sch. Dlst. No. 1, Wyo. 5
<*1920-1930/
.Laurel, Mont. (2 Issues)
53
109
.Lawrence
County, Ohio
.Leflore County, Miss
1628
109
1570
169
53
.Liberty, Mo
j
.Lincoln, Neb. (3 Issues)
.Lincoln Sch. Dlst., Cal
.Lindsay Sch. Dlst., Cal
.Little Rock Imp. Dlst. No. 148,
109
Ark
53
1695
53
109
1628
1628
1570
1570
1696
1696
1696
1570
54
1696
1629
1629
1696
1696
1696
109
109
169
109
54
54
1629
109
1696
1570
109
1629
54
110
110
110
1570
54
54
110
110
1697
1629
1697
110
.Lockland, Ohio
.Lorain Co. Rd. Dlst. No. 1, O.
.Loretto Sch. Dls. No. 80, Minn.
.Los Nietos Sch. Dlst.,'Cal
.Lucas County, Ohio
.Luverne Ind. S. D., Iowa
.Lynn, Mass
.Lynn, Mass. (2 Issues)
.Manistee, Mich
..Maricopa Co. S. D. No. 4,ArIz_
..Maricopa Co. S.D.No. 17, Arlz.
..Marlon County, So. Caro
..Marseilles, Ill
6
4
5
5
5
5
6
5H
4}4
4H
4 H
5
4\i
5
4
4
5
5
4
5
..Mason Spec. S. D., Ohio
..Medina Co. Rd. Dls. No. 1, O
4
4H
H
4
.Mexla, Tex
5
..Middle Kittitas Irr. Dls., Wash. 6
..Miles City, Mont. (3 Issues)._
5H
.Milford, Conn
4
4
..MissoulaSch. Dlst. No. l,Mont.
..Moorhead Ind. Sch. Dlst., Iowa
.Moose Lake S. D. No. 3, Minn.
..Mountain View Sch. Dlst., Cal.
..Murphy, No. Caro
4
4 Vx
5X
5H
__
..Newbert Protection Dlst., Cal.
..New Brunswick, N. J
...Newburg,
Ohio
..Newburg, Ohio (5 Issues)
..Newburgh, N. Y
..New Kensington, Pa
..New Lexington, Ohio
.Newton Township, Ohio
..New York City (2 Issues)
..New York City
..Niles, Ohio
..Niles Sch. Dlst. No. 1, Mich...
..Norfolk, Va—°
..North Bend S. D. No. 8, Neb__
.
Carolina
110..North Dakota (11 Issues)
54..Noxubee County, Miss
City, Pa
City S.
1911-1918
1920
1911-1934
1911-1920
1920
1911-1930
1920
1911-1917
1930
1930
1911-1919
1912-1928
1919-1921
<*1920-1950
1940
<*1920-1930
1930
1916-1930
4 H
4H
4H
..Napoleon, Ohio (2 Issues)
4 H
..Naylor Drain. Dlst. No. 1, Mo. 6
5
..Nebraska City, Neb
5
..New Albany Sch. City, Ind
5
..New Berlin, Ohio
1571 ..Oklahoma
<*1911-1920
1911-1920
1911-1930
1913-1918
1930
1912-1930
1930
6
Iowa
.Muscatine,
5
5
1
<*1925-1930
1930
D.,
-
6
4
4
5
5
4H
4
4
4H
4
4H
4
4 H
Vi
3
3
4
4H
4M
4H
4 Y*
5
4
4
5
4
1911-1920
1913-1930
1915-1919
1913
1919-1928
1940
1912
1911-1915
1930
1940
1930
1917-1918
1910 & ’59
1959
1920-1923
1915-1925
101.73
10T08'
103~366
foO.07’
100.305
100
100
1,500
2,300
100
15,000 lOOtolOl
5
5
<*1920-1950
4
1911-1929
4 H
1911-1925
5
5
.6
.Jerusalem Twp. Sch. Dlst., O. 6
5
.Johnsonburg, Pa. (2 Issues)
6
Price.
21,170 5.40basls
4H
2,200
75,000
8,000
10,000
65,000
7,500
50,000
6,400
35,000
2,500
1,000
15,000
15,000
50,000
730,000
15,000
6,000
7,500
14,000
8,000
55,000
15,000
4,900
500
100
102.83
100.516
100
looTodi
100
100
101.046
102.41
106.515
104.13
100
100.60
100
102.006
100
100.136
100.25
98.08
102.843
100
100
100
100
100.285
101
100
1,500
100
2,000
275,000
100.552
72,000
25,000
120,000
38,000
101
10,000
100
45,000
43,000
100.01
100,000
40,000 100.6187
100.10
20,000
100
19,660
20,000
104.93
3,000
105.333
27,000
1,000
100,000
1.500
12,000
68,936
6.500
85,0001
96
103.20
101.65
101.767
100.60
100.57
30,000/
7,000
19,000
3,300
100.801
108.20
106.06
27,000
25,000
102.321
2,500
9,250
103,000
230,000
28,000
52,000
6,400
10,000
9,500
25,000
6,175
19,600
32,676
9,000
35,000
1,000
61,790
30,000
3,868
18,159
158,000
20,000
3,500
2,000
100
100
90
100
100
100
100
100.955
100
102.275
100.285
102.50
100
100
100.663
95.167
103.621
101.65
61v0251 *100
1.472J
3,500
103.265
50,000
102.20
100
10,000
<*1920-1930
30,000
1950
2,211,500
Various.
100
46,700
1930
12,500 1/101.604
100
50,000
Okla.
5
1930
1930
1911-1935
4H
4H
4X
1911-1920
6
1911-1920
300,000
175,000
25,000
25,000
12,655
4.35
5
5
1936-1939
1916-1923
1911-1918
20,000
40,000
4,000
100.01
103.447
102.918
.Oyster Bay (Town) S. D. No.
9, N. Y
4H
55 .Pageland Spec. S. D., So. Car. 6
4
55 .Palmyra, Mo
1911-1932
1940
50,000
100.61
1697..Omaha, Neb
1697__Onelda, N. I
55..Orange Tow]
1629
1697
.Ossining (Town) Un. Fr. S. D.
N. Y
1571. .Ottawa, Ill. (2 Issues)
55.
1697.
100.188
Maturity.
5
4H
LXXXXI.
4
1911-1925
1915
4K
4
1911-1916
4
1911-1920
5
<*1920-1950
4.60
1915-1924
1571
4.40
55 IlPelham Un.Fr.S.D.
1915-1934
4
1629
1911-1930
H
1629
1911-1914
4H
4
1571
1911-1930
4
1629
1911-1913
1630 .Phoenix Un. High S. D., Arlz. 5
1930
1630 .Plalnvlew Ind. Sch. Dlst., Tex. 5
<*1930-1950
4 H y’ly to 1934
1698
5
1571 .Pontiac, Mich
55 ..Poplar Bluff Sch. Dlst., Mo
5
<*1920-1930
1630 ..Porter Township, Ohio
1919-1923
4^
1630 ..Port Lavaca Ind. S. D., Tex__ 5
<*1920-1950
1698 ..Racine, Wls
4K
1911-1930
170
55 .Paris, N. Y
1571
1571
1629 ..Pearsall Ind. S. D., Tex.
/
8,500
35,000
13,500
5,000
100
101.393
100.10
102.255
100
100
12,000
20,000
10,000
10,000
20,000
40,000
15,500
150,000
2,973
150,000
10,000
4,700
6,000
15,000
5,000
21,956
20,000
100
100.18
100.085
98
100
100.005
100
106.17
100
100
103.513
100
100.825
THE CHRONICLE
July 23 1910. J
1630- .Raleigh, No. Caro. (2 Issues)-. 5
56_ .Ravalli Co. S. D. No. 3, Mont_ 5
4
1630- .Reading, Mass
4H
HO. .Rochester, Pa—
1911-1916
J 2,000_ .100.20
123,000 100 *
1930
100.073
15,000
100
3,500
16,700
18,000
100
5,000
100
5,000
100.012
39,000
101.78
20,000
102.58
10,000
35,000 1/102.585
154,523
1940
4
5
5
1630. _St. Bernard, Ohio
171. _St. Croix Falls, Wls
55. _St. Martin Par. S. D. No.9,La_
110. .Salem Township, Ind
1630
Sandusky, Ohio (2 Issues)
1630 __San Saba Ind. S. D., Tex_.
1630
55 .Santa Paula Sch. Dlst., Cal—
1698 .Schultz Twp. High S. D., So.C.
1572
232 .-Seattle, Wash.
111
111 .Sheridan Co. S. D. No. 33,Wyo.
1510 .Somerville, Mass
1510 .Somerville, Mass
1630
1698
56 .South San Joaquin Irr. Dls.,Ca
1631 .Stamford Ind. Sch. Dlst., Tex.
1572 .Stillwater, Minn
232
111 ..Stuttgart Sewer Dlst., Ark
232
1699 _.Sullivan, Ind.
1699
111
232 ..Tekamah Sch.
1631
111
111 --Toledo,
1631
1699
56
1631
1631 ..Van Buren Twp. S. D., Ohio..
111
1699
171
1699 ..Walsh County, No. Dak.
111
111.
1631. .Washington, Ohio
1699. .Washington Ind. S. D., Iowa.
111. .Watertown, Wls.
1699. .Watsonville, Cal
1699. -Watsonville, Cal
112. ..Wellington, Kan
56.
112. .Wellsvlile Un. Fr. Sch. Dlst.
No. 1, N. Y. (4 Issues)
56. .Westchester County, N.Y
56. .Westchester County, N.Y
56. .West Hoboken, N. J__
56. .West Hoboken, N. J
1572. .Weston, Ohio
56. .White Plains, N. Y. (Town)..
56. .Whltesboro, N. Y
1631. .Whittier Union High S.D.,Cal.
1700. .Wichita, Kans
1572. .Wicomico County, Md
1632. .Wlllcox Sch. Dlst. No.13, Arlz.
172. .Willard, Utah
56. .Wlnnetka Park District, Ill
1573. .Yonkers, N. Y. (2 Issues)
1573. .Yonkers, N.Y
56. .Youngstown, Ohio (7 Issues)
1617390822..5WCEVuahlinlipgcsfoeer,tdmy,
1912-1930
1918-1924
1932-1939
5
.4
Ohio
Y
1698. .Rockford,
1571. .Rome, N.
Price.
150,000
103.076
$19,000
100
7,000
100.352
20,000 4.20 basis
3,000
100.833
Amount.
Maturity.
Rate.
Name.
Page.
1911-1926
1911-1925
1917
4 )£
4
5
4)4
1911-1930
1911-1930
5
6
4)4
7
6
5
4
4
4 J4
5
.5
5
4
6
6
270;000
1911-1920
1917-1930
1911-1930
1911-1940
3,500
130,000’
30,000!
6,000
52,000
342,000
15,000
145,000
4,000
27,000
dl915-1920
1940
1950
1911-1925
1911-1920
30,000
1960
4)4
1911-1930
1930
1921-1930
1911-1920
1911-1915
1930
1930
1910-1911
5
4)4
5
4
4
h
7
1920-1929
1912-1923
1925
1916-1920
1911-1950
1911-1918
1911-1913
4)4
5
4
4
5
7
5
4
4
4
4
5
4
1911-1916
(11915-1920
1911-1914
1911-1950
1911-1950
)4
5
5
1913-1920
4 H
4)4
4)4
4 )4
5
4 )4
4)4
5
5
5
4
6
1916-1938
1913
1920-1936
1911-1940
1940
1911-1916
5
4 )4
4)4
1923-1929
1911-1920
1911-1950
100.082
100
100
100
100
7,500
101.58
240,000
100
100,000
100
20,000
100
11,500
Z100
39,394
30,000
100
19,000
100.782
10,389
102.06
16,000
104.208
30,000
105.02
6,000
100
60,000
100.292
25,000
102.75
95,500
100
4,000
100
9,900
101
60,000
100
6,000
100
15,000
4,000
22,000' 101.396
16,000
100
2,500
104.538
8,000
5
4)4
4 14
100
100
100.317
56,000
36,522
85,208
90,000
256,000
11,000
45,000
20,000
75,000
92,428
30,000
1911-1920
1911-1920
1916-1925
1920-1929
7,500
9,000
14,000
90,000
80,000
29,035
5
101.093
100.273
102.602
Average date of maturity,
d Subject to call In
k Not Including
year and mature In the later year,
a
100.375
101
100
102.666
103~564
100.381
101.61
$21,196,583 of tem¬
x Taken by
loans reported, and which do not belong In the list,
sinking fund as an Investment,
v And other considerations.
following items, included in our totals for previous
months, should be eliminated from the same. We give the
page number of the issue of our paper in which the reasons
for these eliminations may be found.
The
Amount.
$72,000
250,000
200,000
121,730
Page.
Name.
1694__Fulton County, Ohio
(4 issues. May list)
106.-Nashville, Tenn. (March list)
1698__St. Lucie County, Fla. (April list)
1631 ..Westchester County, N. Y. (2 Issues, February list)
following additional sales for
We have also learned of the
57
113
1633
57
1574
1574
1578
57
57
1701
235
1574
57
57
173
57
113
1701
58
113
1574
1574
1701
1634
58
1634
58
58
-Kingsville, Ont
.Lachine, Que
.Lashburn, Sask
.Lloydmlnster, Sask
4
4)4
5
6
.London, Ont
4)4
.London, Ont
4
.London, Ont
4
.MacLeod, N. S
5
.Medicine Hat, Alta. (8 Issues). 5
5)4
-Melville. Sask
.Outremont, Que
5
.Oxford County, Ont
5
.Parry Sound, Ont
5
.Peel County, Ont
4 )4
.Pelham Township, Ont
5
5
.Penticton, B.C
.Perth County, Ont
5
.Peterboro, Ont
4)4
-Peterboro County, Ont
4 )4
.Plcton, N. S
4)4
.Portage la Prairie S. D., Man. 5
.Port Hope, Ont
4 )4
.St. Vital, Man
.Saskatoon Sch. Dlst., Sask
.Scarboro Twp., Ont
1626__Cape May City, N. J
51_.Columbia S. D., Mo
52..Fort Atkinson, Wls
168_.Granite S. D., Utah (April)
—
$5,000
1915
1940
1912
(11920-1930
31,0001
1569..Harper Sch. Dlst., Cal
99.50
25,000
100.153
6.500
101.535
15,000
100.65
4,000
12,000 102 tol04
100.737
5,900
100
7,200
100
4,500
100
7,000
125,000
105.125
7,500
100
50,000
100.583
12,000
25,000
100.10
5,000
102.421
9,500
(11920-1940
1911-1922
d 1919-1949
1916-1918
5
(11915-1920
dl924-1939
5
1940
5
5
1930
4
1940
1950
4)3
1913-1922
4)3
O1920
5
1694__Hellertown S. D., Pa. (April). 4
5
1627Jefferson Sch. Dlst., Cal
1695__Kent Co. Com. S.D. No.l, Tex. 5
1628__Le Sueur Center S. D., Mlnn__ 4
1696_.Mldway Sch. Dlst., Utah
1571. _St. Bernard, Ohio
No. Care
Rock, Pa
Sch. Dlst.,
City Sch. Dlst. No. 1.
5
Mont. (April)-.
Kans
iiicoc
auuuiunai
10,000
15,000
(11920-1930
4)3
as
}
may
issues
win
indicated)
mtuve
me
100
100.375
9,000/
4)3
4)3
4)3 (11920-1930
are
100.40
100
for
May.
tuiai saico
including temporary loans) for that month $17,821,600.
DEBENTURES SOLD BY CANADIAN MUNICIPALITIES IN JUNE.
Price.
Name.
Rate.
Maturity.
Amount.
100.51
235_-Amherst, N. S
4)4
1940
$41,600
1700__Ashburn, Sask
5
1911-1925
2,500
95.385
56..Beaverton, Ont
4)4
1930
7,000
97.12
1632__Brenda, Man
4
1911-1930
10,000
98.179
S. D. No. 2115, Alta. 5
1911-1920
1,200
3.500
Ont
5
1911-1925
Page.
173__Clty VlewS. D. No. 2553, Sask. 6
wall Township, Ont
4)4
1632_.Cornwall Township, Ont
5
173.-Crossfield S. D.No. 2264, Alta. 5)4
56_.Dauphin, Man.
5
1701 --Dunnvllle, Ont
112__Edmunston, N. B_
1633__Egremont Township, Ont
Man
112__E8tevan, Sask
4)4
5
5
5
...
1920
1911-1930
1911-1930
1911-1930
1930
1911-1930
1950
1911-1925
1911-1920
4)4
6
.Smith’s Falls, Ont. (3 Issues)
__
.Sydney Mines, N. S
1701 .Tofleld, Alta.
1701 .Tofleld, Alta
58 .Truro, N. S
58 .Vancouver, B. C
113 .Wentworth Co., Ont
58 .Windsor, Ont
58 .Windsor, Ont
1940
1940
5,000
40.000
1911-1920
1,000
1911-1940
1911-1930
1911-1935
8,500
12,000
15,000
1940
1911-1927
1950
1925
1911-1925
1911-1938
1939
1939
1930
1,500
4,722
188,000
2,500
15,000
1940
1952
1911-1940
1911-1915
1911-1940
1911-1940
1915
1911-1925
17,500
75,000
50,000
1,360
100,000
17,000
4,000
11,000
22,671
17,000
98
" ""
lOb'8 54
58
58
1701
58
4
4)4
.Windsor, Ont
.Windsor, Ont
-Wolfvllle, N. S
Woodvllle, Ont
___
4
4
4 )4
5
4 )4
5
.
90.139
95.08
227,122]
7,000 }■
98.70
123,700]
35,000
125,600
1911-1930
1940
1930
1940
1940
1911-1930
1930
1911-1940
1911-1940
1911-1925
8,500
20,000
12,000
100.50
102.75
100.856
109.59
106.656
100
104.647
98.425
98.50
100.31
6,000
24,174
6,000
65,000
16,000
10,000
30,660
33,500
7,500]
5
4 )4
5)4
6
4)4
113
101.70
100.642
1930
1930
1920
1,580/
1940
48,650
1950
2.268,000
1911-1930
12,000
1911-1927
17,903
1911-1928
18,629
1911-1930
20,000
1911-1920
12,575
1940
30,000
1930
3,000
100
100.50
100
$4,126,253
To
3 FOR PREVIOUS MONTHS.
1632_.Buchanan, Sask
Sch.
Maturity.
Amount.
6
6
6
1911-1920
1911-1920
1911-1925
$1,000
1,350
3,000
5 )4
5 )4
5
5
1911-1930
1911-1920
1940
1911-1940
10,000
1,600
260,000
45,000
Rate.
Name.
Page.
1632._Bladworth, Sask
Dlst.
Price.
No.
Alta
1701.-Lonsdale S. D. No. 2394, Sask.
58__Summerland, B.C
S. D. No. 933, Alta
100.625
100
All the above sales of debentures took place in
These additional May issues will make the total sales
bentures for that month $28,854,569.
May.
of de¬
News Items.
Polk County
Jury returned an indictment against Governor Carroll, charging criminal libel. The prosecuting witness is
John Cownie, a former member of the State Board of Con¬
Grand
New York City.—Tax Rates.—The Board of Aldermen on
July 19 approved the tax rates to be levied in the five bor¬
oughs for the year 1910. The rates, which are given on the
$100 valuation, are as follows, 1909 and 1908 figures being
given for comparison:
1910.
Manhattan and the Bronx
Brooklyn
Queens
800
30,034
29,093
15,000
75,000
30,000
40,000
2,000
5,000
10,000
99.10
-
1909.
1908.
$1.75790
$1.67804
$1.61407
1.81499
1.81079
1.73780
1.72536
1.87501
Richmond
1.67021
1.66031
1.71115
1.77522
Bond Calls and Redemptions.
Price.
Amount.
Maturity.
ate.
5
5
5
5
5
.Sedley, Sask
previous months:
Page.
Name.
1691..Benzie County, Mich
Price.
$2,000
trol.
PREVIOUS MONTHS.
REVISED TOTALS FOR
Amount.
Iowa.—Governor Indicted.—On July 20 the
and after the earlier
porary
16324.BCTohwamdebn,rli
Maturity.
1911-1925
_
1513
fc$18,549,085
covering 398 separate Issues)
Name.
Rate.
113. -Foam Lake, Sask
6
57. .Galt, Ont
4)4
113. .Grand Falls, N. B
5
173_ -Grand View, Man.
5
57. .Grattan Roman Catholic Sep¬
arate Sch. Dlst., Sask
5
57. .Gretna S. D. No. 336, Man
5
113. -Grimsby, Ont.
4)4
1574. -Hamilton Roman Catholic Sep¬
arate Sch. Dlst., Ont
3
57. Hanover, Ont
5
57. .Inverness, N. S
4)4
Page.
Alta
105.308
municipalities
Total bond sales for June 1910 (304
337
Missouri.—Bond
Calls.—In
their
quotation
pamphlet
dated July 15, Whitaker & Co.of St. Louis give the following
list of municipal bonds which have recently been called for
redemption:
Aurora, Lawrence County—5% judgment funding bond No. 23, for $500,
dated Sept. 8 1897, was called for payment July 1 1910.
Aurora School District, Lawrence County—6% building bonds Nos. 3
and 4, for $500 each, dated June 14 1892, have been called and will be paid
Aug. 1 1910.
Carthage, Jasper County—4% court-house bonds Nos.44, 45 and 46, for
$500 each, dated Aug. 1 1898, have been called and will be paid Aug. 11910.
Lexlngtown Township, Lafayette County—3)4% refunding bonds, for
$1,000 each, Nos. 14, 15, 16, 17, 18 and 19, dated Aug. 1 1900, have been
called and will be paid Aug. 1 1910.
Newton County—4% funding bonds, Nos. 1 to 8 Inclusive, for $500 each,
dated July 2 1900, have been called and will be paid Aug. 1 1910.
Ralls County—4% refunding bond No. 177, for $1,000, dated Feb. 1 1908,
has been called and will be paid Aug. 1 1910.
Slater, Saline County—4)4% bonds Nos. 1 and 2, for $500 each, dated
Aug. 1 1905, have been called and will be paid Aug. 1 1910.
Stoddard County School District No. 21, Township 27, Range 8—8%
building bonds Nos. 1, 2 and 3, for $100 each, dated Aug. 24 1904, were
called for payment July 6 1910.
Wright County School District No. 4-28-13—6% building bond No. 1,
for $200, dated June 1 1908, were called for payment June 1 1910.
Bond Proposals and Negotiations this week
have been
as
follows:
Albany, N. Y.—Bond Sale.—We are advised that the
$95,000 bonds (the unsold portion of the issue of $563,200
4% bonds offered on June 7) have been disposed of at par
and accrued interest as follows: $66,500 to private investors
and $28,500 to the Washington Park Sinking Fund.
Afton School District (P. O. Alton), Ottawa County,
Okla.—Bond Sale.—This district has sold an issue of $12,000
bonds.
i 28
THE CHRONICLE
Anaheim, Orange County, Cal.—Bond Offering.—Propos¬
July 28 by Edward B.
Merritt, City Clerk, for the $7,500 5% gold coupon inter¬
section-paving bonds mentioned in V. 90, p. 1503.
als will be received until 8
p. m.
Authority
an Act of the Legislature which became a law Feb. 25 1901,
Denomination $500.
amendatory thereof.
Date July 2 1910.
Interest semi-annually at the City Treasurer’s office.
Maturity $500 yearly
on July 2 from 1911 to 1925 Inclusive.
Certified check on some bank In
California for 5% of bid, made payable to the City Treasurer, Is required.
and all Acts
Ansonia, New Haven County, Conn.—Bond Offering.—
Proposals will be received until 8p.m. Aug. 8 by F. M. Drew,
City Treasurer, for $35,000 4% gold coupon (with privilege
of
registration)
sewer
bonds.
Denomination $1,000.
Date July 1 1910.
Interest semi-annually at
Ansonia National Bank.
Maturity July 1 1935.
Bonds are exempt from
all taxes and will be ready for delivery July 1.
These bonds were offered
on June 27, when the only bid received was rejected.
See V. 91, p. 50.
Athol, Mass.—Temporary Loan.—This place, reports state,
Loring, Tolman & Tupper of
Loan matures Oct. 5 1910.
has borrowed $15,000 from
Boston at 4.24% discount.
Atlantic
City, N. J.—Bond Offering.—Proposals will be
m. Aug. 6 by A. M. Heston,
City Comp¬
troller, for the following 43^% gold coupon (with privilege
of registration) bonds:
$115,000 water, $102,000 park,
$50,000 paving and $74,000 school bonds.
received until 12
Denomination $1,000.
The park bonds are dated Jan. 1 1910 and the
other issues are dated July 1 1910.
Interest semi-annually at the Hanover
National Bank In New York City.
Maturity 35 years from date. The
bonds are tax-exempt and will be delivered on or about Aug. 25 1910.
Bids must be unconditional and be made on a blank form furnished by the
City Comptroller.
A cash deposit or a certified check, made payable to the
aforesaid Comptroller, for $7,000 Is required. The legality of the water
and paving bonds has been approved by Dillon, Thomson &
Clay of New
York and of the park and school bonds by Hubbard & Massllch of New York,
whose opinion will be delivered to the purchaser free.
The genuineness of
the bonds will be certified to by the Columbia Trust Co. of New York City.
Official circular states there Is no litigation affecting these bonds or the
statutes under which they are Issued; also that the city has never defaulted
In the payment of principal or Interest.
The
official notice of this bond offering will be found among
Department.
Auburn, Me.—Bonds Proposed.—This city will issue “about
Jan. 1 1911” $25,000 sewer bonds.
Bay City, Mich.—Bond Sale.—On July 11 the $17,000 5%
local-improvement bonds described in V. 91, p. 107, were
the advertisements elsewhere in this
awarded to the Detroit Trust Co.
The bids were as follows:
of Detroit at 101.881.
Detroit Tr. Co., Detrolt_$17,321 001C. F. Denlson&Co., Clev$17,073 25
Old 2d Nat. Bk.,BayC’y 17,300 OOjComm’l Bank, Bay City
par
E. H. Rollins & Sons,Chlcl7,128 351 Bay
County
Savings
Bay City Bank
17,110 501
Bank, Bay City
Maturity $10,000 July 15 1913 and $7,000 July 15 1916.
Bedford Township (P. O. Bedford),
Ohio.—Bond Offering.—Proposals will
par
Cuyahoga County,
be received until
July 28 by E. J. Caskey, Township Clerk, for $9,000
5% highway-improvement bonds.
12
m.
.
Date
Interest semi-annually at the Cleveland Trust CoApril 1 1910.
n Cleveland.
Maturity one bond each six months from Oct. 1 1910 to
April 1 1919 inclusive.
Bid must be made on a form furnished by the
Township Clerk and be accompanied by a certified check on some solvent
bank In Cleveland for 5% of said bid, made payable to the
Township
Treasurer.
Bemidji, Minn.—Bond Sale.—The $15,000 5% permanent
improvement bonds voted on June 15 (V. 90, p. 1691) were
awarded recently, it is stated, to the Northern National Bank
of Bemidji at par and accrued interest.
Bonds Not Sold.—It is stated that no bids were received
for the $12,000 paving bonds also voted on June 15.
Berea, Cuyahoga County, Ohio.—Bond Offering.—Propos¬
m. July 25 by O. R.
Stone,
Village Clerk, for the following 5% coupon bonds:
als will be received until 12
$16,000 electrlc-llght-system bonds.
Maturity $1,000 each six months
from April 1 1913 to Oct. 1 1920 Inclusive.
5,000 water-maln-extenslon bonds.
Maturity $500 yearly on Oct. 1
from
1911
to
1920
Inclusive.
Denomination $500.
Date July 1 1910.
Interest April 1 and Oct. 1 In
The bonds are tax-exempt and will be delivered within ten
Berea.
days
from the time of award.
Certified check for 5% of bonds bid for, made
payable to the Village Treasurer, Is required.
Purchaser to pay accrued
nterest.
Beverly, Essex County, Mass.—Bond Offering.—Pro¬
posals will be received until 8p.m. July 28 by Chas. F. Lee,
■City Treasurer, for $85,000 4% coupon school-house bonds.
Denomination $1,000.
Date Aug. 1 1910.
Interest semi-annually at
the office of the Old Colony Trust Co. In Boston.
Maturity $5,000 yearly
on Aug. 1 from 1911 to 1915 Inclusive and
$4,000 on Aug. 1 from 1916 to
1930 Inclusive.
These bonds will be certified as to their genuineness
by the
Old Colony Trust Co. of Boston, which company will further
certify that in
the opinion of Messrs. Ropes, Gray & Gorham this issue is a valid
obliga¬
tion of the city.
Boonville, Ind.—Bond Sale.—This city sold $6,000 4%
Bank of Boonville at par.
bonds on July 19 to the People’s
This was the only bid received.
Denomination $500.
Date July 20 1910.
Interest semi-annual.
Ma¬
turity $500 each six months from Feb. 1 1911 to Aug. 1 1916 Inclusive, un¬
paid bonds being subject to call after Feb. 1 1913.
Brazoria County Drainage District No. 3, Tex.—Bonds
Registered.—An issue of $160,000 5% bonds was registered
by the State Comptroller on July 7.
Brush, Morgan County, Colo.—Bond Sale.—The $40,000
sewer-system-construction bonds mentioned in V. 90, p.
1503, have been taken by Conrad Walker of North Platte,
who is the contractor
doing the work.
Bryan, Brazos County, Tex.—Bond Offering.—Proposals
will be received until 12 m. Aug. 10 by J.'T.
Maloney, Mayor,
or $33,000 4% water,
light and sewer plant-bonds*
'
,
Denomination $1,000.
Interest semi-annually In Austin, New York
Maturity 40 years, subject to call after 20 years.
Bryan.
or
[Yol.
LXXXX1.
Butte School District No. 5 (P. O.
Butte), Boyd County,
Neb.—Bonds Voted.—This district recently voted to issue
$16,000 5% coupon school-building bonds, which will be
offered, we are informed, in the near future.
Denomination $1,000.
Date June 21 1910.
Interest annual.
1930, subject to call after 1920. The district has no debt
June 21
Maturity
at present.
Cairo, Grady County, Ga.—Bond Offering.—Further de¬
are at hand relative to the
offering of the two issues of
5% gold coupon or registered bonds mentioned in V. 90, p.
1691.
Proposals for these bonds will be received until 4
f>- m. July 28 by R. C. Bell, City Attorney. The securities
answer the
following description:
tails
$6,000 electrlc-llght-extenslon
bonds.
Denomination
$600.
Maturity
$600 yearly on Jan. 1 from 1921 to 1930 Inclusive.
9,000 water-works-extension bonds.
Denomination $1,000.
Maturity
$1,000 yearly on Jan. 1 from 1932 to 1940 Inclusive.
Interest annually on Jan. 1 In New York City.
The bonds are exempt
from all taxes.
Bonded debt, Including these Issues, $40,000.
Floating
debt $5,000.
Camden City, N. J.—Bonds Authorized.—An ordinance
adopted, it is stated, providing for the issuance of
has been
$10,000 public-park-improvement bonds.
Bonds Proposed.—Reports state that the
City Council has
adopted a resolution instructing the Finance Committee to
prepare an ordinance providing for the issuance of $400,000
water-system bonds.
Canton, Fulton County, Ill.—Bond Sale.—We are advised
that the $10,000 4^%
5-20-year (optional) coupon additionalsewer-extension bonds, described in V. 91,
p. 107, were
awarded on July 12, the advertisement
giving the date of
sale as July 17 having been erroneous.
Bonds were sold to
N. W. Halsey & Co. of
Chicago at par and accrued interest
less $170 for attorney’s and other
expenses.
The other
bidders
were:
Emery, Peck & Rockwood, Chicago—par, accrued Interest and
a
premium
of $10 less an allowance of $172 50.
Harris Trust & Savings Bank, Chicago—par and accrued Interest less an
allowance of $218.
The bonds are dated July 1 1910.
sn
Carmi, White County, Ill.—Bonds Voted.—It is reported
an election held July 9 resulted in favor of the
question
of issuing $10,000 5% sidewalk and sewer-extension bonds.
Casper, Natrona County, Wyo.—Bonds Proposed.—Re¬
ports state that this town will issue $90,000 bonds, the pro¬
ceeds of which will be used for the
following purposes:
$45,000 for a city-hall, $25,000 for sewerage extensions and
$20,000 for water-works-extensions.
Chambersburg, Franklin County, Pa.—Bonds Voted.—
The propositions to issue the following bonds, mention of
which was made in V. 91, p. 51, were
favorably voted upon
at a recent election: $150,000 to improve the water
supply,
$65,000 for a sewerage system and disposal plant, $15,000
for paving streets and $5,000 for a new fire house.
Chattanooga, Tenn.—Bonds Authorized.—The ordinance
providing for the issuance of the $100,000 street-improve¬
ment bonds mentioned in V. 90, p. 1568, has
passed both
boards of the General Council and was approved
by the
Mayor on July 6.
Collingswood, Camden County, N. J.—Bond Offering.—
Proposals will be received until 4p.m. Aug. 3 by Wm. Hambrecht Jr., Borough Clerk, for $18,500 43d>% funding bonds.
that
Denomination $500.
Interest Jan. 1 and July 1.
Certified check for 5% of bonds bid for is required.
Maturity 20
years.
The
official notice of this bond offering will be found among
Department.
Columbus, Ohio.—Bonds Sold to the Sinking Fund.—The
following bonds, aggregating $598,600, were disposed of to
the Sinking Fund during the quarter ending June 30:
the advertisements elsewhere, in this
$40,000 4% public-improvement (city’s portion) bonds dated Oct. 4 1909
and due Sept. 1 1921.
300,000 4% refunding sewer bonds dated April 1 1910 and due April 1 1930.
1,000 4% Rich Street extension bonds dated June 29 1910 and due
Sept. 1 1930.
7,000 4% Noghten Street extension bonds dated June 29 1910 and due
Sept. 1 1930.
5,000 4% park-improvement bonds dated April 1 1910 and due Oct. 1
1930.
25,000 4
street-sprinkling bonds dated Feb. 14 1910
1912.
and due March 1
15,000 4H% sundry assessment Issues.
205,600 4% sundry assessment Issues.
Cornish, Jefferson County, Okla.—Bond Sale.—The $5,000
6% 20-year coupon bonds offered without success on May 9
(V. 90, p. 1568) were awarded on July 12 to the Continental
Trust Co. of Pittsburgh at 90.
Crete, Saline County, Neb.—Bond Offering.—Proposals
will be received until 8 p. m. July 25 by F. A. Novak,
City
Clerk, for the $40,000 5% sewer-construction bonds voted
on May 17.
V. 90, p. 1437.
Authority, election held May 17 1910.
Denomination $500.
Date
Interest semi-annually at the Nebraska Fiscal Agency in
July 1 1910.
New York City.
Maturity 20 years, bonds Nos. 1 to 30 inclusive being
subject to call after one year and Nos. 31 to 80 being subject to call after
five years.
Official circular states that there Is no litigation threatened
or pending affecting the legality of said bonds; also that there has never been
any default in the payment of principal and interest of any bonds.
Cer¬
tified check or draft for $200 is required.
Purchaser to pay accrued inter¬
est.
Bonded debt at present, $26,000.
Assessed valuation of real and
personal property 1909, $424,761.
Dade County (P. O. Miami), Fla.—Warrant Sale.—On
July 5 the $75,000 6% funding and school-building warrants
offered but not sold onJune 14 (V. 91, p. 167) were awarded
at par as follows: $25,000 to the Bank of Bay
Biscayne,
Miami, and $50,000 to the First National Bank of Miami.
Date June 14 1910.
Interest semi-annual.
Maturity from 5 to 20
years.
Dayton, Ohio.—Bond Offering.—Proposals will be received
until 12 m. July 26 by Geo. W. Bish, City Auditor, for the
following coupon bonds:
July 23 1910.)
THE CHRONICLE
Denomina¬
$20,000 4% water-works-improvement and extension bonds.
tion $1,000.
Date May 1 1910.
Maturity $1,000 yearly on
May 1 from 1915 to 1934 Inclusive
bonds.
Denomination
8,300 5% street-intersection
(city’s portion)
Date June 1 1910.
$1,000, except one bond of $1,300.
Ma¬
turity $1,300 on June 1 1912 and $1,000 yearly on June 1 from
1913 to 1919 Inclusive.
10,000 4% asphalt-street-repair
bonds. Denomination $1,000. Date
June 1 1910.
Maturity on June 1 as follows: $3,000 In 19.14
$2,000 In each of the years 1915 and 1916 and $3,000 In 1917
6,700 5% storm-water-sewer-constructlon (city’s portion) bonds.
De¬
nomination $1,000, except one bond of $1,700.
Date June 1
1910.
Maturity $1,700 June 1 1912 and $1,000 yearly on
June 1 from 1913 to 1917 Inclusive.
Interest semi-annually In New York City.
An unconditional certified
check for 5% of each Issue bid upon, made payable to the City Auditor,
and drawn on a national bank, Is required.
The bonds will be delivered
on
July 26 1910.
Bonds answering the description of the above two first-
mentioned Issues were sold on June 7. V. 90, p. 1626. If they are the same
securities, we have not yet been advised why they are being re-advertlsed.
Dedham, Mass.—Temporary Loan.—A loan of $20,000,
payable NovM4 1910, was negotiated on July 19 with Blake
Bros. & Co. of Boston at
4.19% discount.
Derby School District (P. O. Derby), Frio County, Tex.—
Description of Bonds.—The $1,500 5% school-building bonds
voted May 14 (V, 90, p. 1505) will be issued in denominations
of $500 each.
Date April 10 1910.
Interest annual. Ma¬
turity 20 years, subject to call after 10 years. We are ad¬
vised that the bonds might be offered “about September.’’
Detroit, Mich.—-Bond Offering.—Proposals will be re¬
ceived until 11 a. m. July 25 it is stated by David E.Heineman, City Comptroller, for $25,000 3)4% library bonds.
Denomination $1,000.
Date July 1
1910.
Interest semi-annually In
Detroit or New York.
Maturity July 1 1940.
The bonds are exempt from
all taxes.
Certified check for 2% of bonds bid for Is required.
Dodge City, Ford County, Kan.-^Bond Sale.—The $80,000
5% 20-30-year (optional) water-works bonds offered on
May 12 and described in V. 90, p. 1253, have been disposed
of, $19,000 to Spitzer & Co. of Toledo and the remainder to
local parties.
Dormont School District (P. O. Dormont), Allegheny
County, Pa.—Bond Sale.—The Washington Investment Co.,
Inc., of Pittsburgh, recently purchased $25,000 4)4% 30We are informed that
year tax-free school-building bonds.
these securities are in addition to the $40,000 4)4% school
bonds awarded to the same company on Aprib26.
Dryden Union Free School District No. 8 (P. O. Dryden),
Tompkins County, N. Y.—Bonds Awarded in Part.—Of an
issue of $25,000 4% gold coupon school-building bonds
offered on July 5, $20,000 were sold to the First National
Bank of Dryden at par.
Denomination $1,000.
First National Bank In
1923 to 1947 Inclusive.
Date July 1 1910.
Interest semi-annually at the
Dryden.
Maturity $1,000 yearly on Jan. 1 from
Bonded debt, not Including this Issue, $22,500.
Duluth Independent School District (P.
Minn.—Bond Sale— The following bids were
O. Duluth),
received on
July 18 for the $100^000 4)4% coupon 20-30-year (optional)
school-building bonds described in V. 91, p. 52:
First National Bank, Duluth—$100,025; also furnish blank bonds free and
pay the accrued Interest, If any.
N. J. Upham Co., Duluth—Par and accrued Interest, provided a satisfac¬
tory contract Is entered Into as to time and place of delivery.
Wm. R. Compton Bond & Mortgage Co., St. Louis—$98,500 on delivery of
bonds to them.
They to furnish bonds ready for signature free of cost.
A. B. Leach & Co., Chicago—Par and accrued Interest, provided they be
allowed $2,490 for expenses.
Dunkirk, Hardin County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. July 25 by j. T. Kinsey,
Village Clerk, for $21,000 5% coupon water-works-construc¬
tion bonds.
Authority, an Act of the General Assembly passed April 30 1908, amend¬
ing Section 97 of the Municipal Code of 1902.
Denomination $500.
Date
not later than Sept. 1 1910.
Interest March 1 and Sept. 1 at the office of
the Village Treasurer.
Maturity $500 each six months from March 1 1915
to Sept. 1 1935 inclusive.
Certified check for 2% of the bonds bid for,
payable to the Village Treasurer, Is required.
Purchaser to pay accrued
Interest.
East Orange, N. J.—Bond Sale.—An issue of $30,000
school bonds has been sold at private sale to the Sinking Fund.
Ellsworth Township (P. O. Ellsworth), Mahoning County,
Ohio.—Bond Sale.—On July 19 the $10,000 4)4% 5-14-year
(serial) road-building and improvement bonds described in
Farmers’ National Bank
V. 91, p. 167, were awarded to the
of Canfield at 101.366.
Englewood, Bergen County, N. J.—Bid Rejected.—The
only bid received on July 19 for the $13,000 4)4% 30-year
school bonds offered on that day (V. 91, p. 167) was one at
103.50 and accrued interest for 5s submitted by N. W. Hal¬
sey & Co. of New York City.
This offer was rejected.
Erie County (P. O. Buffalo), N. Y.—Bond Sale.—On July 18
the $250,000 4)4% registered good-road bonds described in
V. 91, p. 167, were awarded to A. B. Leach & Co. of New
York City at 100.017 and accrued interest.
A bid at par
for $46,500 of the bonds was also received from the Buffalo
Commercial Insurance Co. of Buffalo.
Maturity part yearly
on July 1 from 1915 to 1936 inclusive.
Fort Bend County (P. O. Richmond), Tex.—Bond Offering.
—Proposals will be received until 10 a. m. July 25 by
G. C. Baker Jr., County Judge, for $150,000 5% Road Dis¬
trict No. 1 bonds.
Denomination $500.
Date June 1 1910.
Interest annually In New York
Austin.
Maturity 40 years, subject to call after 10 years. Certified
check for $1,000, payable to the County Judge, Is
required with bids for
the whole Issue.
If bid Is for part of Issue, check must be for 1 % of amount
bid for.
The Issue has been approved by the Attorney-General.
Total debt, this Issue.
Assessed valuation for 1909, $3,147,612.
Real
valuation of Road District (estimated)
approximately $4,000,000.
or
Fort Smith
Special School District (P. O. Fort Smith), Ark.
—BondOffering.—Proposalswill be received until 12 m. July
30 by John W. Morton, Secretary of School Board, for $200,000 5% coupon school-building and equipment bonds.
229
Authority, Act 248 General
Assembly of 1905. Denomination $500.
Interest semi-annually.
1 1910.
Maturity $25,000 In 1915
$25,000 In 1920, $50,000 in 1925 and $100,000 in 1930, the district reserv¬
ing the right to redeem bonds at any interest-paying period at the follow¬
ing prices: First series at 101 and accrued interest: second series at 102 and
accrued Interest: third series at 103 and accrued
Interest, and fourth series
at 104 and accrued interest; by giving 30
days’ notice to the holders of the
bonds proposed to be redeemed.
Bonds and coupons will be payable at the
office of the trust company selected by the purchaser.
The bonds will be
secured by a deed of trust covering the real estate and
appurtenances be¬
Certified check for $5,000 is required.
longing to the district.
Bonds will
be ready for delivery within one month from date of sale.
The district has
no debt at present.
Assessed value of real and personal property for 1909
$11,899,206.
Actual value, “approximately” $35,000,000.
Date July
Fremont, Sandusky County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. July 25 by the Clerk of
Council for $15,000 4)4% coupon Croghan St. improvement
bonds.
Denomination $500.
Date July 1 1910.
Interest semi-annually at the
office of the Sinking Fund Trustees In Fremont.
Maturity $1,000 each six
months from April 1 1912 to April 1 1919 Inclusive. Certified check on
some bank In Fremont for $500 is required.
Purchaser to pay accrued
Interest.
The city reserves the right to Issue a less amount than
$15,000
or so much thereof as may be needed.
Gainesville, Hall County, Ga.—Bond Offering.—Proposals
will be received until July 25 by R. D. Mitchell, Mayor, for
the $100,000 gold coupon water, light, sewer and school¬
building bonds voted
on
April 2 (V. 90,
998).
p.
Authority Section 877, Georgia Laws.
Date July 1 1910.
Interest
semi-annually In New York City.
Bonds are exempt from city taxes.
Denomination $1,000.
Maturity 30 years.
Galveston County (P. O.
Galveston), Tex.—Bond Bids.—
The following bids, both of which were received on July 11
for the $500,000 5% 20-40-year (optional) public-road bonds
described in V. 90, p. 1694, were referred to the Chairman
of the Finance Committee: S. A. Kean & Co. of Chicago bid
par, providing the bonds be dated July 1
Kelso of Galveston bid par and interest for
1910; and J. C.
$150,000 bonds.
Gary, Lake County, Ind.—Bonds Authorized.—Reports
state that an ordinance was passed on July 13 providing for
the issuance of $30,000 6% bonds.
Denomination $5,000.
Glen School District No. 4 (P. O. Fultonville), Montgomery
County, N. Y.—Bond Sale.—The successful and only bid
received on July 14 for $1,800 5)4% heating and ventilatingsystem bonds offered on that day was one of par submitted
by the Fultonville National Bank of Fultonville.
Denomination $600.
Interest annually on Dec.
Dec. 1 In each of the years 1910, 1911 and 1912.
1.
Maturity $600
on
Gloversville, Fulton County, N. Y.—Bonds Not Sold—
Offering.—No bids were received on July 20 for the
$67,000 4% registered sewer-construction bonds offered
(V. 91, p. 168) on that day. Proposals are again asked for
these bonds and will be received, this time, until 2 p. m.
Aug. 9. Maturity Nov. 1 1945.
Grayson County (P. O. Sherman), Tex.—Bond Sale.—On
July 11 the State National Bank of Denison was awarded the
$250,000 4)4% gold coupon Road Improvement District
No. 1 bonds described in V. 91, p. 52.
The price paid was
par and accrued interest.
Maturity $6,250 yearly on Jan. 1
from 1911 to 1950 inclusive, all being subject to call, how¬
ever , after 10 years.
Green Bay, Wis.—Bond Sale.—This city sold $19,000
4)4% coupon street-paving bonds on July 14 to Seasongood
& Mayer of Cincinnati at 100.105 and accrued interest.
A
list of the proposals received follows:
Bond
Seasongood&Mayer, Cin_a$19,020
N. W. Halsey & Co., Chi_ alO.Oll
Citizens’ Nat.Bk.,Gr.Bay al9,000
McCartneyNat.Bk.,Gr.B. a!9,000
a
00
40
00
00
KelloggNat.Bk., Gr.Bay.a$19,000 00
A. B. Leach & Co., Chi._
18,875 00
E. H. Rollins & Sons, Chi al8,800 00
Harris Tr.&Sav.Bk.,ChI_ al8,725 00
And accrued interest.
The bonds are In denomination of $1,000 each and are dated July 1 1910.
Interest semi-annual.
Maturity on Jan. 1 as follows: $1,000 yearly from
1915 to 1921 inclusive, $2,000 in each of the years 1922 and 1923, $3,000 in
1924 and $5,000 in 1925.
Greenville, Greenville County, So. Caro.—Bond Sale.—
The $138,000 bonds (the unsold portion of the three issues
of 5% coupon bonds aggregating $200,000, mentioned in
V. 91, p. 168) have been disposed of as follows:
$105,000 to A. G. Furman of Greenville and Geo. E. Gibbon of Charleston
Co.
Of the $138,000 bonds, $90,000
small premium, and $48,000 are due
part yearly on July 1 from 1911 to 1915 inclusive and were disposed of at par
and $33,000 to the American Pipe Mfg.
due July 1 1940 and were sold at a
are
Hamburg Union Free School District No. 1 (P. O. Ham¬
burg), Erie County, N. Y.—Bond Sale.—On July 18 the
$45,000 gold bonds described in V. 91, p. 168, were awarded
to N. W. Harris & Co. of New York City at 100.144 and ac¬
crued interest for 4}4s.
Following are the bids:
Yra$45,0651
N. W. Harris & Co., N.
A. B. Leach & Co., N. Y.a
Adams & Co., New York._a45,050|S. A. Kean & Co.,Chlcago_&
$45,008
46,300
a For 4 3^s.
b For 6s.
These
Maturity $1,800 yearly on Jan. 1 from 1915 to 1939 inclusive.
bonds were awarded on March 22 to Adams & Co. of New York City (V. 90,
866),
were
p.
but
subsequently refused by that firm upon the advice of their
attorneys.
Harbor Special School District (P. O. Ashtabula), Ashta¬
bula County, Ohio.—Bond Sale.—The $100,000 4)4% cou¬
pon school-building bonds described in Y. 91, p. 168, were
sold on July 19 to Stacy & Braun of Toledo at 104.34 and
accrued interest.
Following are the bids:
Stacy & Braun, Toledo
$104,3401 Weil, Roth & Co., Cine
$103,500
Otis & Hough, Cleveland
103,802 | Hayden,Mlller&Co., Cleve. 103,300
Maturity part each six months from April 1 1915 to Oct. 1 1944, Inclusive.
Havre de Grace, Harford County, Md.—Bond Sale.—On
July 21 the $27,000 5% funding, hose-house and streetimprovement bonds described in V. 91, p. 168, were awarded,
according to reports, to the Havre de Grace Banking & Trust
Co. of Havre de Grace at 102.625.
District, Luzerne County, Pa.—
Sale.—Reports state that the $50,000 gold coupon
Hazle Township School
Bond
230
THE CHRONICLE
high-school-building bonds offered
as 434s on April 18
1057) have been awarded to N. W. Halsey & Co.
of Philadelphia as 5s.
Highland Park, Mich.—Bond Sale.—On July 5 $89,000
334% paving bonds were awarded to the City of Detroit
Sinking Fund at par. Denomination $1,000. Date July 2
(V. 90,
1910.
p.
Interest semi-annual.
Hill County Common School District No. 98, Tex.—Bonds
Registered.—Bonds amounting to $12,500 were registered on
July 11 by the State Comptroller. The securities carry 5%
interest and mature in 40 years, but are subject to call after
10 years.
Inglewood School District, Los Angeles County, Cal.—
Description of Bonds.—The $55,000 school bonds disposed of
on. July 5 to the Wm. R. Staats Co. of Los
Angeles at 103.20
(V. 91, p. 168) carry interest at the rate of 5%, payable
annually at the County Treasurer’s office in Los Angeles.
They are In denominations of $1,000 each and are dated July 5 1910.
Maturity $1,000 yearly on July 5 from 1911 to 1915 Inclusive and $2,000
yearly on July 5 from 1916 to 1940 Inclusive.
Total debt, this Issue
Assessed valuation for 1909, $1,491,087.
Real valuation (est.), $3,000,000'
Iowa City Independent School District (P. O. Iowa City),
Iowa.—Bond Sale.—This district recently awarded $46,000
5% 6^-year (average) refunding bonds to Geo. M. Bechtel
& Co. of Davenport at 100.50.
Purchasers to furnish blank
bonds and pay accrued interest.
Denomination $1,000.
Date July 2 1910.
Interest semi-annual.
Jackson, Mich.—Bonds Not Sold.—We are advised, under
date of July 16, that the sale of the $48,500 20-year paving,
sewer and bridge bonds, which were offered on June 30
(V. 90, p. 1694) “was referred to the Committee on Ways
and Means to place at best figure.”
Jackson, Jackson County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. July 28 by N. A. Ridmont,
Village Clerk, for $16,000 4% coupon electric-light bonds.
Denomination $500.
Date Sept. 1 1910.
Interest Is payable at the
Village Treasurer’s office.
Maturity Sept. 1 1950, subject to call after
Sept. 1 1915. The bonds are tax-exempt. Certified check for $200,
payable to the Village Treasurer, Is required.
[VOL.
LXXXXI.
Lima School District (P. O.
Lima), Allen County, Ohio.—
Bond Offering.—Proposals will be received until 12 m.
July 26 by I. J. Miller, Clerk of the School Board, for the
$10,000 Lima College property refunding and the $11,000
school-building-addition 5% bonds recently authorized.
Denomination $1,000.
Date Aug. 1 1910.
Interest semi-annually at
office of the Treasurer of the School Board.
The $10,000 bonds mature
$1,000 yearly on Aug. 1 from 1911 to 1920 Inclusive and the
$11,000 bonds
mature $1.0°0 yearly on Aug. 1 from 1911 to 1921
Inclusive.
Certified
check for 2% of bonds bid
for, drawn on any Lima bank or on any national
bank outside of said
city, and made payable to the City Treasurer, Is
required.
Lockport, Niagara County, N. Y.—Bond Sale.—The fol¬
lowing 5% bonds offered on July 13 were awarded on that
day to the Farmers’ & Mechanics’ Savings Bank of Lockport
at par:
$1,000 bonds for fire purposes and public amusements. Denomination
$500.
Maturity $500 on July 15 In each of the years 1911 and 1912.
2,000 bonds for the Institution and maintenance of a
dispensary for tuber¬
culosis.
Denomination $500.
Maturity $500 yearly on July 15
from 1911 to 1914 Inclusive.
3,000 bonds for a city hospital.
Denomination $1,000.
Maturity $1,000
on July 15 In each of the years
1911, 1912 and 1913.
5,000 highway-improvement bonds.
Denomination $1,000.
Maturity
$1,000 yearly on July 15 from 1911 to 1915 Inclusive.
The above bonds are dated July 15 1910.
Interest annually at the
County Treasurer’s office.
Long Beach, Cal.—Bond Offering.—Proposals will be
re¬
ceived until 7:30 p. m. July 29 by C. O.
Boynton, City Clerk,
for the $75,000 pier-improvement and the
$50,000 Belmont
Heights pleasure pier 434% 1-40-year (serial) gold
on April 19. V. 90,
p. 1193.
coupon
Date June 1 1910.
Interest semi-annually at Long Beach.
check for 5% of bid, payable to the City Clerk,
Is required.
Certified
bonds voted
no
Los Angeles, Cal.—No Action Yet
Taken.—Up to July 11
action had yet been taken
looking towards the issuance of
the
$3,500,000 power-plant and $3,000,000 harbor improve¬
434% bonds voted on April 19. See V. 90, p. 1193.
Lucas County (P. O. Toledo), Ohio.—Bond Sale.—On
July 19 the $12,658 434% stone and gravel-road-building
bonds described in V. 91, p. 109, were awarded to
Stacy &
Braun of,Toledo at 100.914.
Following is a list of the bid¬
ders and the premiums offered by the same:
ment
Jacksonville, Fla.—Bonds Voted.—The election held
July 18 (V. 91, p. 53) resulted in favor of the proposition to
issue the $100,000 5% gold coupon street-improvement bonds.
Stacy & Braun, Toledo
$115 75 Breed & Harrison, Cincinn__$101
Citizens’ Safe Deposit & Trust
Davies-Bertram Co., Cin
95
Co., Toledo
110 50 Seasongood & Mayer, Cin
90
Security Sav.Bk.&Tr.Co..Tol 103 80 Spitzer & Co., Toledo
36
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annually at
the City Treasurer’s office or at a bank In New York City designated
by
the city of Jacksonville.
Maturity Oct. 1 1936.
Lyons Union School District (P. O. Lyons), Wayne
County, N. Y.—Bond Offering.—Reports state that pro¬
posals will be received until 7:30 p. m. July 26 by E. J.
Smith, Clerk Board of Education, for $10,000 434% 334-year
(average) bonds. Certified check for 10% is required.
Marble Cliff, Franklin County, Ohio.—Bond Offering.—
Proposals will be received until 3 p. m. Aug. 5 by C. Newhouse, Village Clerk, for $19,000 434% sewer bonds.
.
Jefferson County (P. O. Beaumont), Tex.—Bond Offering.
—Proposals will be received until July 25 by the County
Judge for the $75,000 5% road bonds mentioned in V. 90,
p.
1506.
Maturity 40 years, subject to call after 20 years.
Certified check for
$1,000, payable in Beaumont to the County Judge, is required.
26
00
00
00
Johnson City, Washington County, Tenn.—Bonds Not
Denomination $500.
Date July 15 1910.
Interest April 15 and Oct. 15
the Huntington National Bank In Columbus.
Maturity $1,000 yearly,
Sold.—Up to July 20 no sale had been made of the two issues at
beginning Oct. 15 1911. Certified check for $380, payable to the Village
of 5% coupon normal school bonds
Treasurer, Is required.
Purchaser to pay acrued Interest.
Bids to be
aggregating $150,000, made
on blanks furnished by the village.
offered on July 9.
The village has no debt at pres
See V. 91, p. 53.
ent.
Assessed value of real and personal property 1910, $218,000.
Johnstown, Fulton County, N. Y.—Bond Offering.—Pro¬
Marion, Ohio.—Bond Sale.—The Marion National Bank
posals will be received until 10 a. m. July 29 by J. A. Colin, has purchased at
par and accrued interest the $4,500 4%
City Chamberlain, for $15,000 434% coupon school-site
funding
street
bonds
offered without success on June 8.
and building bonds.
V. 90, p. 1570.
Authority, special school elections held Nov. 12 1908 and Feb. 1 1910.
Denomination $1,000.
Date Aug. 1 1910.
Interest on May 1 and Nov. 1
at the First National Bank In New York City.
Maturity $1,000 yearly on
Nov. 1 from 1915 to 1929 Inclusive.
Purchaser to pay accrued Interest.
Kansas
City, Kan.—Bond Sale.—On July 5 $60,633 5%
special-improvement bonds were awarded to Spitzer & Co.
of Toledo at par and accrued interest.
Denomination $500.
ity one-tenth yearly.
Date July 1 1910.
Interest semi-annual.
Matur¬
Kansas City School District (P. O. Kansas City), Jackson
County, Mo.—Bonds Not Yet Offered.—A circular received
by us on July 20 stated that the date had not yet been set for
the sale of the $750,000 4%
20-year gold cpupon school¬
building bonds voted on May 28 (V. 90, p. 1506).
Kearney, Buffalo County, Neb.—Bond Offering.—Propos¬
als will be received until 8 p. m.
July 22 for the $125,000
434% water-works bonds voted on June 7. V. 90; p. 1570.
Authority Section 54, Chapter 13, Compiled Statutes of 1909.
Denomi¬
nation $1,000.
Date July 1 1910.
Interest semi-annually at the City
Treasurer’s office.
Maturity July 1 1930, subject to call after 5 years.
Official circular states that no bonds have ever been
litigated; also that no
default has ever been made on any municipal obligation.
Keene, N. H.—Bond Sale.—We are now advised that all
of the $15,000 4% 1-5-year (serial)
paving bonds, part of
which were awarded on June 15 (V. 90,
p. 1628), have been
disposed of. The price paid was 100.25.
Lake Charles, Calcasieu Parish, La.—Bonds Voted.—The
election held July 14 (V. 90, p. 1695) resulted in favor of
propositions to issue the $100,000 paving, $75,000 city-hall
and $25,000 fire-station 6% bonds.
Lakewood, Cuyahoga County, Ohio.—Bond Sale.—On
July 18 the $3,220 sewer and the $3,300 water-main 5% Don¬
ald Avenue assessment bonds described in V.
91, p. 169,
were sold to the West Cleveland
Banking Co. of Cleveland
at 111.119 and accrued interest.
Following is a list of the
bidders and the premiums offered by the same:
West Cleve. Bkg. Co., Cleve.$725
First Nat. Bank, Cleveland._ 267
Cleveland Trust Co., Cleve._ 237
TlUotson & Wolcott Co., Cle. 228
00
Seasongood&Mayer, Cincin__$197 24
Otis & Hough, Cleveland
180 00
98 Hayden, Miller & Co., Cleve. 158 00
85
00
Lewis County (P. O. Lowville), N. Y.—Bonds Not Sold.—
No award was made on July 15 of the $20,000 4% court¬
house-addition bonds described in V. 90, p. 1695.
Marlin School District (P. O.
—Bond Sale.—The $15,000 5%
Marlin), Falls County, Tex.
10-40-year (optional) school¬
building bonds voted on Feb. 23 (V. 90, p. 648) and regis¬
tered by the State Comptroller on May 13 (V. 90, p. 1507)
have been bought by the First National Bank of Marlin at
par and accrued interest.
Marshall, Harrison County, Tex.—Bids Rejected.—All bids
received on July 12 for the $50,000 5% 10-40-year (optional)
high-school bonds described in V. 91, p. 109, were rejected.
Masontown, Fayette County, Pa.—Bond Sale.—The
Washington Investment Co., Inc., of Pittsburgh recently
purchased the $17,000 water and $8,000 sewerage 434% 30year bonds voted (V. 91, p. 169) on June 28.
The bonds are
dated Aug. 1 1910 and are exempt from taxation.
Mauch Chunk, Carbon County, Pa.—Bond Offering.—Pro¬
posals will be received any time by Robert A. Heberling,
Borough Secretary, for $12,000 3 34% registered funding
bonds.
Authority Acts of Assembly April 20 1874, p. 65.
Denomination $500.
July 1 1910.
Interest semi-annually at the Mauch Chunk National
or the Mauch Chunk Trust Co.
Maturity 1940, subject to call
$1,000 yearly any time after 1915.
Bonds are exempt from State tax.
Bonded debt, Including this issue, $18,000.
Floating debt, $12,000.
Assessed valuation $2,100,427.
Date
Bank
County (P. O. Celina), Ohio.—Bond Sale.—The
$57,000 434% coupon Beaver Ditch Improvement No. 515
bonds described in V. 91, p. 169, were sold on July 16 to the
New First National Bank of Columbus at 101.098.
A list,
of the proposals submitted follows:
Mercer
New First N. Bk., Colum_$57,626 00 Barto, Scott & Co., Col..$57,370 00
Citizens’ Bkg. Co., Celina_ 57,479 50 Otis & Hough, Cleveland. 57,230 00
Breed & Harrison, Cin— 57,427 50 Seasongood & Mayer, Cin. 57,123 20
Hayden,Mlller&Co.,Cleve. 57,412 00
Maturity part yearly on Sept. 1 from 1911 to 1915 Inclusive.
Meridian, Miss.—Bonds Voted.—The proposition to issue
the $275,000 coupon general-improvement bonds mentioned
in V. 90, p. 1570, was favorably voted upon at an election
held July 5 and 6.
We are advised, under date of July 14,
that it will take 30 days or longer before they can be adver¬
tised for sale.
Middlesex County, Mass.—Note
be received until 11
a.
m.
Offering.—Proposals will
to-day (July 23) by the County
July 23
1910.]
THE CHRONICLE
awarded $10,000 4% 20-year
high-school-completion
to the State of Minnesota.
Interest
Commissioners, at their office in East Cambridge, for $35,000
4% notes.
Authority Chapter 825, Acts of Legislature of 1*10, and Section 40,
Chapter 21, Revised Laws.
Denomination $5,000. Date June 1 1910.
Interest semi-annual.
Maturity $5,090 yearly on Dec. 1 from 1910 to 1916
Notes are exempt from taxation la Massashunetts and will be
Inclusive.
oertlfied by the Old Colony Trust Co. In Boston.
Middletown, Middlesex County, Conn.—Bond Offering.—
Proposals will be received until 4p.m. July 26 by J. P. Stow,
Town Treasurer, for $244,000 4% coupon railroad refunding
bonds.
Authority an Act of the Legislature approved May 20 1909.
Denomina¬
tion $1,000.
Date Aug. 1 1910.
Interest semi-annually at the City Trust
In Boston.
Bonds are exempt from taxation to holders In ConnecticutMaturity Aug.l 1930. The bonds will be certified as to their genuineness
by the City Trust Co. of Boston, which company will further certify that In
the opinion of Ropes, Gray & Gorham of Boston this Issue Is a valid obliga¬
tion of the town.
Certified check for $1,000, drawn on any national bank
or trust company, and made payable to the Town Treasurer, Is required.
Go.
The
official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Milford, Clermont and Hamilton Counties, Ohio.—Bond
Offering.—Proposals will be received until 12 m. July 30 by
H. L. Schroeder, Village Clerk, for $4,000 4% coupon water-
works-extension bonds.
Authority Section 2835, Revised Statutes, now Section 3939 of the
General Code.
Denominations: 4 bonds of $400 each and 8 bonds of $300
each.
Date May 1 1910.
Interest semi-annual.
Maturity $300 yearly on
May 1 from 1915 to 1922 Inclusive and $400 yearly on May 1 from 1923 to
1926 Inclusive.
Certified check for $100, payable to Village Treasurer, Is
required.
Purchaser to pay accrued Interest: ateo furnish blank bonds at
hi* own expense.
Minneapolis, Minn.—Bonds Awarded in Part.—Of the
$200,000 grade-school and the $200,000 park 4% coupon
bonds offered on July 14 and described in V. 91, p. 54,
$100,000 of the former issue wras disposed of, $50,000 to the
Northwestern National Bank and $50,000 to the Security
National Bank and $50,000 of the park bonds were awarded
to the First National Bank.
The successful bidders
are
all
of
231
bonds
annually in July.
Nueces County Common School District No.
25, Tex.—
Bonds Registered.—We are informed that $10,000
5% bonds
were registered by the State
Comptroller on July 6. Matur¬
ity 40 years, subject to call after 10 years.
Nueces County Common School District No. 26, Tex.—
Bonds Registered.—On July 6 the State Comptroller
registered
$6,000 5% 10-40-year (optional) bonds.
Ogallalla School District No. 1 (P. O. Ogallalla), Keith
County, Neb.—Bond Offering.—Proposals will be received
until 8 p. m. July 25 by W. Tresslor, Clerk of the Board of
Education, for $22,000 school bonds.
Date July 1 1910.
Interest semi-annual.
1919 to 1929 Inclusive.
Maturity $2,000 yearly from
Okanogan, Okanogan County, Wash.—Bond Offering.—
Proposals will be received until July 28 by A. R. Dickson,
Town Clerk, for $6,000 6% water-works bonds.
Maturity
10 years.
Oklahoma
City, Okla.—Bond Offering.—Proposals will be
Bob Parman, City Clerk,
April (V. 90, p. 1059):
$150,000 for park-site, $50,000 for park-improvement, $150,000 public-fire-station and equipment, $10,000 poliee-alarmsystem and $15,000 street-equipment. Bids are requested
based on both 4^% and 5% bonds.
received until 5 p. m. July 25 by
for the following bonds voted in
Interest semi-annual.
Maturity 25 years. Certified
made payable to the City Clerk, Is required.
Bonds
soon as their legality Is established.
These bonds were
but all bids received on that day were returned to the
See V. 90, p. 1629.
check for $10,000,
to be delivered as
offered on June 13,
bidders unopened.
Ontario School District, San Bernardino County, Cal.—
Voted.—The proposition to issue the $12,500
Bonds
5%
school-building bonds mentioned in Y. 90, p. 1697, carried
by a vote of 62 to 12 at the election held July 1. Interest
semi-annual.
Maturity part yearly from 15 years to 40
years inclusive.
Opelika, Lee County, Ala.—Bonds Voted.—The proposi¬
tion to issue the $83,000 5% 30-year
municipal water and
light bonds mentioned in Y. 91, p. 110, carried at the election
held July 14.
Osmond School District (P. O. Osmond), Neb.—Bond
Of¬
fering.—Proposals will be received by B. S. Leedom for $12,000 5% bonds.
Minneapolis and they paid par and accrued interest. The
grade-school bonds mature Jan. 1 1940 and the park bonds
are due July 1 1939.
Bonis Not Sold.—No award was made of the $250,000
4%
30-year coupon high-school bonds also offered on July 14.
Mitchell County (P.*0. Colorado), Tex.—Bonds Voted.—
It is stated that an election held recently resulted in favor of
a proposition to issue $30,000 good road bonds.
Montgomery County (P. O. Dayton), Ohio.—Bond Offer¬
Interest annually from April 1 1910.
Maturity $4,000 on
ing.—Proposals will be received until 10 a. m. July 28 at of the years 1915, 1920 and 1925. Denomination $1,000.April 1 to each
the County Auditor’s office for $25,000 4^£% Memorial
Ozark School District (P. O. Ozark), Christian
County,
Building equipment bonds.
Mo.—Bond Salt— The $6,000 school-builiding-addition bonds
Denominations: 20 bends of $1,000 each and 10 bonds of $500 each
voted on May 31 (V. 90, p. 1571) have been sold..
Date Aug. 1 1910.
Interest semi-annually at the County Treasurer’s office.
Maturity $2,500 yearly on Aug. 1 from 1911 to 1920 Inclusive. Certified
Paxville School District No. 19 (P. O. Paxville), Clarendon
check on a national bank or trust company for $500, payable te the Board
County, So. Caro.—Bond Sale.—The $12,000 5%% 30-year
of County Commissioners, Is required.
J. O. Donovan Is Clerk of the Board
of County Commissioners.
These bonds were offered on June 30 last, but,
school-building bonds proposals for which were asked until
as stated In V. 91, p. 109, no award was made on that
day, as It was dlsJuly 15 (Y. 91, p. 55) were sold to C. H. Coffin of Chicago
oovered that the sale had not peen properly advertised.
for $12,001, less $600 for expenses.
Denomination $500.
Muskingum County (P. O. Zanesville), Ohio.—Bond Offer¬ Date
July 1 1910. Interest annual.
ing.—Proposals will be received until 12 m. July 25 by the'
Philadelphia, Pa.—Bonds Oversubscribed.—The subscrip¬
County Commissioners at the office of H. A. Buerhaus,
County Auditor, for $225,000 4% coupon Fifth St. Bridge tion list to the $5,000,000 4% coupon or registered bonds
offered over the counter at par and accrued interest last
re-building bonds.
Monday, July 18 (V.91, p. 170), closed July 20, the subscrip¬
Authority, Sections 5643, 5644, 2434, 2435, 2438 and 2439 of the General
Code.
Denomination $1,000.
tions received up to that time having
Date July 1 1910.
Interest semi-annually
aggregated more than
at the office of the County Treasurer.
Maturity on July 1 as follows:
$8,000,000. In the allotment of the loan, preference was
$15,000 yearly from 1919 to 1925 inclusive and $20,000 yearly from 1926
to 1931 Inclusive.
Bonds are exempt from all taxes.
Certified check for
given to individual subscribers, and it is announced that the
5% of bonds bid for, payable to the County Commissioners, is required.
applications from such investors practically exhausted the
Purchaser to pay accrued Interest.
These bonds were offered on June 27,
but all bids received
on
that
day
were
rejected.
See V. 91, p. 54.
Muskogee, Okla.—Bonds Not Yet Issued.—We are in¬
formed that the $50,000 5% 25-year park bonds voted on
April 5 (V. 90, p. 1000) have not yet been sold. Our in¬
formant states, however, that they will probably be pur¬
chased by the Sinking Fund.
Nebraska
City School District (P. O. Nebraska City), Otoe
County, Neb.—Bonds Not Sold.—Up to July 16 no sale had
been made of the $80,000 high-school bonds offered on
July 1
and described in V.
90, p. 1696.
New Barbadoes
Township School District (P. O. Hacken¬
sack), Bergen County, N. J.—Bond Sale.—The Hackensack
Trust Co. of Hackensack, offering par and accrued interest,
was the successful bidder on
July 18 for $16,400 5% school
bonds offered on that day.
Denomination $1,000, except one bond of $400.
Date July 1 1910.
In¬
terest semi-annual.
Maturity $400 on July 1 1911 and $2,000 yearly on
July 1 from 1912 to 1919 Inclusive. These bends were offered without suceess as 4 j# on July 11.
New
loan.
Denomination $100 and multiples.
Date July 1 1910.
Interest semi¬
annually at the office of the city’s fiscal agent.
Maturity July 1 1940. The
bonds are exempt from all taxes to Pennsylvania.
Pittsburgh, Crawford County, Kan.—Bonds Voted.—The
election held on July 12 to vote on the question of
issuing
the $300,000 water-plant-construction bonds mentioned in
V. 91, p. 55, resulted in a vote of 1,747 “for” and 262
“against.” Interest not to exceed 4^%.,
Pocatello, Bannock Comity, Idaho.—Bands Voted.—It is
reported that an election held June 28 resulted in favor of the
issuance of
$164,000 trunk sewer bonds.
Ottawa County, Ohio.—Bond Offering.—
Proposals will be received until 12 m. July 26 by J. A. Singler,
Village Clerk, lor $15,000 5% coupon water-works-improve¬
Port Clinton,
ment bonds.
Authority, Section 3949 of the General Code.
Date June 1 1910.
In¬
terest annually In Port Cilnton.
Maturity $1,000 yearly on June 1 from
1911 to 1925 Inclusive.
Certified check for $500, drawn on a bank In
Ottawa County, and made payable to the Village
Treasurer. Is required
Purchaser to pay aecrued Interest.
Rochelle, N. Y.—Bond Sale.—1The $4,500 4y2%
registered park bonds offered on July 12 and described in
V. 91, p. 110, were awarded to Adams & Co. of New York
City for $4,501 25, the price thus being 100.027. Maturity
May 1 1916.
Niagara Falls, N. Y.—Bond Offering.—Proposals will be
received until 11 a.m. x\ug. 1 by Thos. H.
Hogan, City Clerk,
for the following 4%% gold registered bonds:
until 11:30 a. m. July 26 by S. S. Gilbert,
City Treasurer, for
the discount of $100,000 notes issued in
anticipation of taxes.
The notes will be dated day of issue and mature
Sept. 30 1910.
At the same time and place the
City Treasurer will also
offer $380,000 notes, interest to follow.
Date
$400,000 water bonds, Series “A.”
Maturity Jan. 1 1940. Certified check
for $7,000 Is required.
Authority Chapter 145, Laws of 1908,
and Chapter 494, Laws of 1909.
Dat* Aug. 1 1910.
Bonds are
of Boston.
exempt from all taxes.
114,000 sewer bonds, Series “O.”
Certified'check for $2,000 Is required.
Denomination $1,000.
Interest Jan. 1 and July 1 at the Hanover Na¬
tional Bank In New York City, in New York
exchange. Certified checks
for the above amounts must be made payable to the City Olerk.
The bonds
wNl be delivered within three weeks from the date of award.
Northfield School District (P. O. Northfield), Rice
Minn.—Bond Sale.—This district, we are
County,
advised, has
Portland, Mo.—Note Offering.—Proposals will be received
“day of issue.”
Maturity Jan. 1 1911.
Both issues are payable at the First National Bank of
Boston and certified to by the Old
Colony Trust Company
Portsmouth, Rockingham County, N. H.—Bond Offering.
—Proposals will be received until 11 a. m. July 28 by H. B.
Prior, Auditor, for $15,500 4% coupon permanent improve¬
ment bonds.
Denomination $500. Date Aug. 1 1919. Interest semi-annually at the
Colony Trust Gompany In Boston or at the City Treasurer’s office In
Portsmouth.
Maturity, $1,000 yearly on Atig. 1 from 1911 to 1919 Inclu¬
sive, $5,000 Aug. 1 1916, $5,500 Aug. 1 1917. The bonds will be certified
Old
232
as
to their
THE CHRONICLE
genuineness by the Old Colony Trust Co. of Boston, which com-
§any
willThorndike,
further certify
that &theDodge
legality
the issue has been approved by
torey,
Palmer
of of
Boston.
Provo
City, Utah County, Utah.—Bond, Sale.—The
5% 10-20-year (optional) coupon water-worksextension bonds proposals for which were asked until July 11
(V. 91, p. 110), were sold on July 13 to E. H. Rollins & Sons
of Denver at par and interest.
Quincy, Norfolk County, Mass.—Bond Offering.—Pro¬
posals will be received until 12 m. July 27 by John Curtis,
City Treasurer, for $56,825 4^% coupon “consolidated
$90,000
miscellaneous loan of 1910” bonds.
Denomination $1,000, except one bond for $825.
Date July 1 1910.
Interest semi-annually at Boston.
Maturity $11,825 on July 1 1911,
$6,000 yearly on July 1 from 1912 to 1914 Inclusive. $5,000 yearly on July 1
from 1915 to 1918 inclusive, $4,000 on July 1 1919 and $5,000 on July 1
1920.
Bonds are exempt from taxation in Mass.
Bonds will be certified
as to their genuineness by the Old Colony Trust Co. of Boston, which com¬
pany will further certify that the legality of this Issue has been approved
by Messrs. Ropes, Gray & Gorham of Boston.
Radford, Montgomery County, Va.—Bond Offering.—
Proposals will be received until 8p.m. July 28 by J. D. Bird,
Clerk of City Council, for the following 5% bonds, $35,000
for public school improvements, $25,000 for street and court¬
house improvements, $21,000 for normal school property
and $17,000 for refunding bonds of the old town of Radford.
Authority an election held Oct. 2 1906.
Denomination $1,000.
Date
July 1 1910.
Interest semi-annually at the City Treasurer’s office. Matur¬
ity July 1 1940.
Bonds are exempt from city taxation.
[VOL.
LXXXXJ.
Siverly, Venango County, Pa.—Bond Sale.—This borough
improvement bonds to the
has awarded $8,000 5% tax-free
Oil City Trust Co. of Oil City.
Springfield School District (P. O. Springfield), Ohio.—
of Spring15-24-year
(serial) coupon high-school building bonds described in V. 91,
p. 111.
The price paid was 105.94 and accrued interest—
an interest basis of about
4.057%.
Spring Hill School District No. 4 (P. O. Spring Hill),
Johnson County, Kan.—Bond
Offering.—Proposals will be
received at any time by the Board of Education for $4‘000
43>4% coupon school-addition bonds.
Bond Sale.—The American Trust &
Savings Co.
field purchased on July 16 the $100,000 4^%
Denomination $500.
Date July 1 1910.
Interest semi-annually at the
County Treasurer’s office.
Maturity $500 annually for 8 years.
Bonds
not subject to State taxes.
Total debt, this Issue.
Assessed valua¬
tion, $636,256.
are
Spring Valley, Pierce County, Wis.—Bond Offering.—
Proposals will be received until 12 m. July 28 by H. J. Park,
Village Clerk, for $5,000 6% village-hall-construction bonds.
Authority election held May 27 1910 Date July 2 1910. Interest
annual.
Maturity $500 yearly on July 2 from 1911 to 1920 Inclusive
Certified check for 5% of the Issue, Is required
The village has no bonded
debt at present.
Assessed valuation $360,000.
Stamford, Conn.—Bids.—The following bids were received
July 19 for $35,000 4% sewer bonds and $30,000 4J^%
street-paving bonds offered on that day:
on
Brandon), Miss.—Bonds Authorized.
—Papers state that the Board of Supervisors has decided to
Merrill, Oldham & Co., Bost.101.0891E. H. Rollins & Sons, Boston.100.03
R. L. Day & Co., Boston
100.29 |
Date July 1 1910.
Interest semi-annually at the City Treasurer’s office.
Maturity 25 years. These bonds were offered but not sold on June 29.
Roberts County Common School District No. 1, Tex.—
Bond Sale.—The $20,000 5% 10-20-year (optional) coupon
school-house bonds described in V. 91, p. 110, were sold on
Stanton School District No. 3 (P. O. Stanton), Stanton
County, Neb.—Bond Offering.—Proposals will be received
until 2 p. m. July 25 by the School Board, W. W. Young,
President, for the $20,000 5% coupon high-school-building
bonds voted on May 20.
V. 90, p. 1440.
Rankin County (P. O.
issue $30,000 road bonds.
July 15 to funds of Roberts County at 101.33—a basis of
4.831% to the optional date and about 4.896% to full
maturity. A bid of $20,210 was also received from S. A.
Kean & Co. of Chicago.
about
The bonds are In denomination of $500 each.
Assessed valuation. $1,182,259.
Total debt, this issue
Rochester, N. Y.—Temporary Loan.—On July 21 the
$200,000 8-months renewal water-works-improvement notes
offered on that day (V. 91, p. 170) were awarded to Kassel,
Kinnicut & Co. of New York City at 4.60% interest.
Note Offering.—Proposals will be received until 2 p. m.
July 28 by Chas. F. Pond, City Comptroller, for $549,000
renewal water-works-improvement notes, to be drawn with
interest and payable 8 months from Aug. 1 1910 at the Union
Trust
Co., New York.
Salem, Mass.—Bond Sale.—The following 4% bonds were
awarded on July 19, it is stated, to Merrill, Oldham & Co. of
Boston at 100.019:
$25,000 l-10-year (serial) school bonds.
18,000 1-9-year (serial) bridge bonds.
5,000 1-5-year (serial) municipal bonds.
St. Lucie County (P. O. Fort Pierce), Fla.—Bond Sale.—
On July 18 the $200,000 5% good-road bonds described in
Y. 90, p. 1698, were awarded to the Atlantic National Bank
and C. L. Bagwell & Co., both of Jacksonville, and the Bank
of Fort Pierce, Port Pierce, at their joint bid of 100.2625.
Maturity $20,000 in 10 years, $30,000 in 15 years, $40,000
$50,000 in 25 years and $60,000 in 30 years.
Sandusky, Ohio.—Bond Award.—On July 18 the three
issues of 4% 9-year bonds, bids for which were received on
July 11 (V. 91, p. 171), were awarded to the Citizens' Banking
Co. of Sandusky as follows: $20,000 bonds at 100.125,
$11,500 bonds for $11,525, or 100.217, and $15,000 bonds
for $15,025, or 100.166.
Purchaser to pay accrued interest.
Bonds Not Sold.—No award was made of the $400 4%
9-year bonds also offered on July 11. We are informed that
they will be offered at private sale by the Mayor, the Finance
Committee of the Council and the City Auditor.
Schenectady County (P. O. Schenectady), N. Y.—Bond
Sale.—The $100,000 4J4% coupon (with privilege of
regis¬
tration) court-house and jail-construction and site-purchase
bonds offered on July 15 were sold to Isaac W. Sherrill of
Poughkeepsie at 103.27 and accrued interest. Following
in 20 years,
are
the bids:
Isaac W. Sherrill,
Poughk_J_103.27
103.05
Spltzer & Co., New York
N. W. Harris & Co., N. Y__.102.859
N. W. Halsey & Co., N. Y___ 102.787
A. B. Leach & Co., N. Y
102.67
Adams & Co., New York
102.32
R. L. Day & Co., New York_101.89
Kountze Bros., New York
101.79
Farson, Son & Co., N. Y
101.623
R. M. Grant & Co., N. Y
101.333
Estabrook & Co., New York_102.55
Prov. S. B. & Tr. Co., Cln..101.31
W. C. Langley & Co., N. Y__ 102.397 Parkinson & Burr, N. Y
101.141
Denomination $1,000.
Date Aug. 1 1910.
Interest Jan. 1 and July 1
at the Schenectady Trust Co. In Schenectady.
Maturity $4,000 on July 1
1925 and $12,000 yearly on July 1 from 1926 to 1933 Inclusive.
Seattle, Wash.—Bond Sales for June.—The following 7%
bonds, aggregating $154,523 39, were disposed of during
June:
$1,865
14,434
22,734
4,880
8,640
6,372
17,081
28
40
84
70
71
77
24
paving bonds dated June 4 1910 and due June 4 1915.
grade and sidewalk bonds dated June 4 1910 and due June 4 1915.
grade and sidewalk bonds dated June 9 1910 and due June 9 1915.
paving bonds dated June 9 1910 and due June 9 1915.
re-grading bonds dated June 10 1910 and due June 10 1915.
paving bonds dated June 27 1910 and due June 27 1915.
grade and sidewalk bonds dated June 27 1910 and due June 27
1915.
71,399 64 paving bonds dated June 27 1910 and due June 27 1920.
7,113 81 grade and sidewalk bonds dated June 24 1910.
The above bonds are subject to call at any time.
Shreveport, La.—Bond Sale.—The $50,000 4% 40-year
fair-ground and park bonds voted on Feb. 24 (V. 90, p. 650)
were recently awarded to the First National Bank of Shreve¬
port at par. Denomination $1,000. Date March 1 1910.
Interest semi-annual.
Authority, Cobbey’s Statutes, Section 11,318 et seq., approved Feb. 26
Denomination $1,000.
Date July 1 1910.
Interest semi-annually
County Treasurer’s office In Stanton. Maturity July 1 1930, sub¬
ject to call on or after July 1 1920. The district has no debt at present.
1879.
at the
Stoutsvilie School District (P. O. Stoutsville), Monroe
County, Mo.—Bond Sale.—An issue of $4,000 6% 1-10-year
(serial) school-building bonds was disposed of on June 21 to
the Hannibal Trust Co. in Hannibal.
Date June 21 1910.
Interest annual.-
Denomination $400.
Sterling County Common School District No. 1, Tex.—
Registered.—On July 7 $4,500 5% 10-20-year (op¬
tional) bonds were registered by the State Comptroller1.
Stonewall County (P. O. Aspermont), Tex.—Description of
Bonds.—We are informed that the $7,000 jail bonds voted on
Feb. 5 (V.90, p. 651) carry interest at the rate of 5%, payable
annually on April 10. Denomination $500. Date May 10 1910.
Maturity May 10 1950, subject to call after May 10 1920.
Suffolk, Nansemond County, Va.—Bond Sale.—We are
advised that the $30,000 43^% 50-year coupon or registered
redemption bonds offered on June 14 and described in V. 90,
p. 1572, were taken at par by the parties holding the old
Bonds
bonds which were redeemed.
Bonds Not Sold.—Our informant further states that the
$40,000 43^% 50-year coupon school bonds, proposals for
which were asked until July 1 (V. 90, p. 1572), have not yet
been issued, “awaiting some technical arrangement by
the
School Board.”
Tallmadge, Summit County, Ohio.—Bond Election.—A
special election will be held to-day (July 23), it is stated, to
vote on the question of issuing $15,000 high-school-construc¬
tion bonds.
Tekamah School District (P. O. Tekamah), Burt County,
Neb.—Bond Sale.—On June 29 the $20,000 5% 11-20-year
(serial) school-addition bonds described in V. 90,
were
p. 1699,
sold to the Bankers' Reserve Life Insurance Co. of
Omaha at par and accrued interest.
Temple, Bell County, Tex.—Bonds Registered.—The $100,5% 20-40-year (optional) school bonds offered without
success on May 10 (V. 90, p. 1631) were registered on July
14
by the State Comptroller.
Texarkana, Tex.—Bonds Registered.—On July 13 the State
Comptroller registered $15,000 5% fire-apparatus bonds due
in 40 years, but subject to call after 15 years.
Texarkana Improvement District No. 1, Tex.—Bonds
Registered.—We are advised that $3,500 5% 10-40-year
(optional) bonds were registered by the State Comptroller
on July 13.
Tipton, Moniteau County, Mo.—Bond Offering.—Further
details are at hand relative to the offering on July 25 of the
$17,500 5% electric-light-and-power-plant-erection bonds,
bids for which were rejected on June 27.
V. 91,p. 56.
Pro¬
posals for these bonds will be received by T. L. Callison,
Mayor; P. C. Flood, City Treasurer, or Jos. Sommerhauser,
City Clerk.
Tulare, Tulare County, Cal.—Bond Offering.—Proposals
will be received until 7:30 p. m.-July 25 by E. Oakford, City
Clerk, for the $80,000 5% sewer-system-construction gold
coupon bonds voted (V. 90, p. 1510) on May 19.
000
Denomination $1,000.
Date July 1 1910.
Interest semi-annually at
Maturity $2,000 yearly on July 1 from 1911 to 1950
deposit or a certified check, maae payable to the City
Clerk, for 2% of bonds bid for, is required.
This city has no debt at pres¬
ent.
Assessed valuation approximately $1,083,518.
the City Treasury.
Inclusive.
A cash
Turlock Irrigation District (P. O. Turlock), Stanislaus
County, Cal.—Bonds to Be Offered Shortly.—It is expected
that the $100,000 bonds voted on April 15 (V. 90,
p. 1196)
will be ready for sale in the near future.
July 23
THE CHRONICLE
1910.J
Tuxedo (Town) Unien Free School District No. 6, Orange
County, N. Y.—Bond Sale.—On July 20 N. W. Halsey &
Co. of New York City were awarded the $15,000 43^%
1-15-year (serial) gold registered bonds described in V. 91,
p. Ill, at 100.2&8 and accrued interest.
The following
bids
were
received:
N. W. Halsey &Co., N. Y
100.2681
Geo. M. Hahn, New York..100.13 1
Adams & Co., New York
100.11
Uhrichsville, Tuscarawas County, Ohio.—Bond Offering.—
Proposals will be received until 12 m. July 30 by Henry O.
Snyder, Village Clerk, for $5,000 43^% coupon fire-depart¬
ment-improvement bonds.
Date
Authority, Section 2835, Revised Statutes. Denomination 3500.
May 1 1910. Interest semi-annually at the Village Treasurer’s office. Ma¬
turity May 1 1935. The bonds are tax-exempt and will be delivered within
10 days from the time of award.
Certified check for 3250, made payable
to the Village Treasurer, Is required.
Union County
350,000
360,000
bonds.
bonds.
N. W. Halsey & Co., N. Y_.350.852 00 361,022 00
A. B. Leach & Co., N. Y
50,710 00
60,840 00
N. W. HarrlB & Co., N. Y.__ 50,794 00
60,952 00
Estabrook & Co., N. Y
60,933 60
50,778 00
Farson, Son & Co., N. Y
50,712 00
60,854 00
W. C. Langley & Co., N. Y__ 50,709 00
60,850 80
Adams & Co., New York
50,705 00
60,846 00
Kountze Bros., New York.. 50,636 00
60,763 00
R. L. Day & Co., New York 50,606 50
60,727 80
36,500
35.194 22
bonds.
bonds.
*6,550* 66
■5720060
6,502 00
6,550 00
5,195 22
6,515 00
6,533 00
50,519 50
60,623 40
6,53 5_ 04
*5,194~ 2 2
50,500 00
60,600 00
6,500 00
5,194 22
50,450 00
60,528 00
6,511 05
60,498 00
50,415 00
50,315 00
60,378 00
"e",511*66 *5,196" 51
White, Weld & Co., N. Y___ 50,205 00
60,246 00
The bonds answer the following description:
350,000 00 parkway-construction bonds dated July 1 1910.
Maturity
32,500 yearly on July 1 from 1911 to 1930 Inclusive.
60,000 00 over-crossing-expense bonds dated Aug. 1 1910.
Maturity
35,000 yearly on Aug. 1 from 1911 to 1930 Inclusive.
6,500 00 general-hospltal-repalr bonds dated Aug. 1 1910.
Maturity
3500 yearly on Aug. 1 from 1911 to 1923 Inclusive.
5,194 22 Mohawk Street paving bonds dated May 6 1910.
Maturity onesixth yearly on May 6 from 1911 to 1916 Inclusive.
Accord¬
ing to the official advertisement, the “city will buy from the
successful bidder, for Its sinking funds, at the price bid, bonds
of this Issue In the amount of 3394 22, leaving to the purchaser
six annual maturities of 3800 each.”
Interest semi-annually
In New York exchange.
Blodget & Co., New York
All bidders offered accrued interest in addition to their bids.
The
233
School District No. 5, Ore.—Bond Sale.—
$50,000 5% 10-20-year (optional) gold coupon high-
school-building bonds described in V. 91, p. Ill, were bought
on July 15 by C. H. Coffin of Chicago at 100.102 and accrued
interest.
Bids at par were also received from E. H. Rollins
& Sons, S. A. Kean & Co. and John Nuveen & Co., all of
Chicago.
Upper Sandusky, Wyandot County, Ohio—Bond Sale.—
The $16,000 5% Johnson St. paving bonds mentioned in
V. 91, p. Ill, have been sold, it is stated, to the Security
Savings Bank & Trust Co. of Toledo for $16,893 (105.581)
and blank bonds.
Upshur County Common School District No. 15, Tex.—
Registered.—An issue of $2,000 5% 10-20-year (op¬
tional) bonds was registered on July 11 by the State Comp¬
Bonds
troller.
Utica, N. Y.—Bond Sale.—The following award was made
July 21 of four issues of 4^% registered bonds offered on
that day: $50,000 parkway-construction and $60,000 over¬
crossing-expense bonds, awarded to N. W. Halsey & Co.
of New York City at 101.704 and 101.703 respectively, and
$6,500 general-hospital and, $5,194 22 Mohawk Street pav¬
ing bonds awarded to A. B. Leach & Co. of New York City
at 100.769 and 100.111 respectively.
Following are the bids
on
E. H. Rollins & Sons, Boston
O’Connor & Kahler, N. Y__
Parkinson & Burr, N. Y
W. N. Coler & Co., N. Y
Ventnor
City (P. O. Atlantic City), N. J.—Bond Sale.—
City purchased on
July 20 at 100.125 and accrued interest the $25,000 5%
30-year school bonds described in V. 91, p. 171.
Walker County Common School District No. 3, Tex.—
Bonds Registered.—On June 28 the State Comptroller regis¬
tered $1,200 5% 10-20-year (optional) bonds.
Walla Walla School District (P. O. Walla Walla), Wash.—
Bond Sale.—The $50,000 5% 20-year school-building bonds
voted on June 5 (V. 90, p. 1631) were sold on July 11 to the
Harris Trust & Savings Bank of Chicago at 101.36—a basis
of about 4.893%.
The following bids were received:
The Chelsea National Bank of Atlantic
Harris Tr. & Sav. Bank, Chlc.350,6801 Woodin, McNear & Moore,
N. W. Halsey & Co., Chicago 50,530
350,285
Chicago
S. A. Kean & Co., Chicago._ 50,500] State of Washington
50,000
A. B. Leach & Co., Chicago.. 50,400(E. H. Rollins & Sons, Denver 50,000
Denomination 31,000.
Date Aug. 1 1910. Interest semi-annual.
Warren School District (P. O. Warren), Trumbull County,
Ohio.—Bond Sale.—The Union National Bank of Warren
was
awarded
on
July 16 the $50,000 4%
coupon
school-
NEW LOANS
NEW LOANS.
NEW LOANS.
Exempt from taxation in Connecticut
$ 100,000
Flathead County, Montana
$341,000
ATLANTIC CITY, N. J.,
$244,000
Town of Middletown, Conn.,
4Yl% Refunding Bonds
i'A7e BONDS
*
i>
a
4% AIR LINE REFUNDING BONDS
Office of the Town Treasurer,
July 15, 1910.
The Town of Middletown will receive proposals
until 4 p. m. on TUESDAY, JULY 26, for the
purchase of Two Hundred Forty-Four 1244)
One Thousand Dollar (31,000) Coupon Bonds,
bearing Interest at the rate of 4 per cent, payable
on the first days of February and August on
presentation of the proper coupons at the City
Trust Company, Boston, Mass.
Said bonds are dated August 1, 1910, and are
payable on the first day of August, 1930, at the
office
the
of
Town
Treasurer,
Middletown,
Connecticut.
Said bonds are numbered 1 to 244 Inclusive,
and are Issued under authority of an Act of the
Connecticut Legislature approved May 20, 1909,
and a vote of the town at a meeting duly warned
and held.
These bonds will be engraved under the super¬
vision of and certified as to their genuineness
by the City Trust Company of Boston, Mass.
This Trust Company will further certify that
in the opinion of Messrs. Ropes, Gray & Gorham,
this issue is a valid obligation of the Town of
Middletown.
All legal papers incident to this issue, together
with an affidavit certifying to the proper execu¬
tion of the bonds, will be filed with tne Old Colony
Trust Company, where they may be referred to
at a moment’s notice.
These bonds are exempt from taxation to
holders in Connecticut.
A certified check for 31,000, drawn on any
national bank or trust company, payable to the
order of the Town Treasurer, should accompany
each bid.
No bid for less than par and accrued Interest
will be accepted.
All bids should be sealed and marked "Proposals
for Bonds," and addressed to James P. Stow,
Town Treasurer of Middletown, Middletown,
Connecticut.
The right to reject any and all bids Is reserved.
JAMES P. STOW,
Town Treasurer.
Office of the
County Clerk,
Kallispell, Mont., July 12th, 1910.
Notice Is hereby given that sealed bids will be
received by the County Commissioners of Flathead County in the State of Montana, at the
office of the County Clerk, at Kallispell, Montana,
on the 17th day of August, 1910, for the sale of
3100,000 refunding bonds, the denominations of
said bonds to be 31,000 each, payable in 20 years
and redeemable in 10.years, and to bear Interest
at not to 'exceed 4H%
per annum, interesr
payable at the office of the County Treasurer of
said County on the 1st days of January and July
of each year.
Bids will be opened at the office
of the County Clerk ex-offlcio Clerk of the Board
of County Commissioners of said County at
Kallispell, Montana, on Wednesday, the 17th
day of August, 1910, at 10 o’clock A. M.
A
certified check of 5% of bid to accompany each
bid, check to be returned If bid Is rejected.
The Board reserves the right to reject any or
all
The City of
bids on
Atlantic City will receive sealed
SATURDAY, AUGUST 6, 1910, at 12 m.
For 3341,000
WATER, PARK, SCHOOL and PAVINO BONDS
Bearing 4 H Per Cent Interest and Maturing In
Thirty-five Years.
Interest and Principal Payable at the Hanover
National Bank,
Approved
as to
New York.
legality—the Water and Paving
Bonds by Dillon, Thomson & Clay, and the Park
and School Bonds by Hubbard & Masslicb..
Certified as to genuineness by the Columbia
Trust Company of New York.
Delivery of Bonds about August 25, 1910.
giving particulars and form of
proposal will be mailed on application to
A. M. HESTON, Comptroller,
Atlantic City, N. J.
Circular letter
bids.
By order of the Board of County Commissioners.
C. T. YOUNG, County Clerk,
by FRED S. PERRY, Deputy County Clerk.
F. WM. KRAFT
Reynolds, Watson & Co.
Municipal and Gnrpuratiun Bonds
We offer
LAWYER
Specializing in Examination of
a
very
exceptional
DRAINAGE
Municipal and Corporation Bonds
BOND
NETTING
131S FIRST NATIONAL BANK BLOG..
6%
CHICAGO, ILL.
400 The
Rookery
CHICAGO
BLODGET & CO.
BANKERS
60 STATE STREET, BOSTON
Charles M. Smith & Co.
80 PINE STREET, NEW YORK
CORPORATION AND
STATE, CITY A RAILROAD BONDS
MUNICIPAL BONDS
FIRST RATIONAL BANE BUILDING
CHICAGO
MUNICIPAL AND RAILROAD
Bankers & Commission Merchants
St WALL STREET.
-
NEW YORK
Municipal and
Corporation Bords
181
La Salla
Street, Chicago
BONDS
LIST ON APPLICATION
R. T. Wilson & Co.
McCOY & COMPANY
SEAS0NG00D & MAYER
Mercantile Library Building
CINCINNATI
OTTO JULIUS MERKEL
BROKER
44 AND 44 WALL
STREE1. NEW YORK
INVESTMENT SECURITIES
Correspondence Invited.
234
THE CHRONICLE
improvement bonds described in V. 91, p. 171, for $50,100 10 (100.20) and accrued interest.
Bids at par and ac-
'
[Y®L.
Miner at 102.14; $200 to E. J.
Carpenter Sr.,
and $100 at
102.05; $5,000 to Franklin J.
LXXXXI.
$100 at 102.5$
Spry at prices
ranging from 100.75 to
Weil, Roth & Co., both of Cincinnati; Stacy & iBraun of $500 to P. E. Stauffer at102.20; $500 to Albert Stukk at 102;
100.85; $200 to Raymond J. Hughes
Toledo and Otis & Hough of Cleveland.
at 100.90; $500 to H. C.
Miller, an agent, at 102.10.
Washington County (P. O. Washington), Pa.—Bonds Not
Willisten, Barnwell County, So. Caro.—Bonds Voted.—
Sold.—Local papers state that no sale has yet been made This town
recently voted to issue $12,000 6% coupon school¬
of the $100,000 4% coupon (with
privilege of registration)
building bonds. The securities, we are informed, will be
road bonds which this county has been
offering at par and
accrued interest.
See V. 91, p. 56, for description of these placed on the market some time this month.
bonds.
Wilmont, Nobles County, Minn.—Bonds Voted.—Of a
total of 30 votes cast at an election
held July 5, only 2 were
Washington Court House, Fayette County, Ohio.—Bond
against a proposition to issue $3,000 4% water-works
Election.—An election will be held July 25, it is
bonds.
stated, on the
Denomination $200.
Maturity $200 yearly on July 1 from 1916 to 1930
question of issuing $100,000 school-building bonds.
Inclusive.
We are informed that these
securities will be offered for sale
Waukegan, Lake County, Ill.—Bond Sale.—On July 5 ' about Aug. 1.
Wood County (P. O. drand
$30,000 5% 1-20-year (serial) bonds were awarded to local
Rapids), Wis.—Bonds Author¬
banks at par.
Denomination $500. Interest annually on ized.—This county has authorized tJie issuance of
$50,000
July 5.
4gold coupon insane-asylum bonds. Up to June 30 it
had not been decided when these
bonds would be offered for
Waukesha, Waukesha County, Wis.—Bonds Authorized.—
sale.
An ordinance was passed on
July 5 by the Common Council
«rued interest
were
also received from Breed & Harrison and
Providing
for the issuance of $3,500 4%
bridge bonds.
Denomination $500.
Interest will be payable at the office of
the County
or at the Milwaukee Trust
Co. la Milwaukee.
coupon Fox River
Treasurer
Authority Chapter 40a of the Revised Statutes of 1898 and amendments.
Denomination $500.
Date Aug. 1 1910.
Interest semi-annually at the
dfflce of the City Treasurer.
Maturity $1,000 on Aug. 1 1912, $1,000 Aug. 1
1913 and $1,500 on Aug. 1 1914.
Woodward, Okla.—Bonds Proposed.—Reports state that
arrangements have been made for the disposal
of $60,000
West Brownsville, Washington
County, Pa.—Bonds
Voted.—An election held July 5 to decide on the
question
Wright County (P. O. Buffalo), Minn.—Bond Sale.—On
July 12 an issue of $4,040 47 6% 1-10-year (serial) ditch
bonds was awarded
of issuing
resulted in
high-school-building bonds.
$25,000 paving,
to the State Bank of Buffalo at
par.
curbing and sewering bonds
“against.”
White County (P. O. Monticello), Ind.—Bond
Offering.—
This county is
offering for sale at par and accrued interest
the four issues of 4)^% and
5% coupon ditch and road bonds,
aggregating $68,703, offered without success (V. 90, p. 1197)
on
April 25.
Wichita School District (P. O. Wichita),
Sedgwick County,
a
Kan.—Bonds
vote of 73 “for” and 30
Proposed.—According to local
district has under consideration
additional school bonds.
the
papers,
Yukon, Canadian County, Okla.—Bonds
Voted.—Proposi¬
to issue $30,000
water-system and $10,000 sewersystem bonds were favorably voted on July 3,
according to
local
tions
papers.
Canada, its Provinces and Municipalities.
this
Abemethy, Sask.—Debenture Sale.—An issue of
7% 15-year improvement debentures, proposals for $2,50@
which
were asked until
July 4, has been awarded to J. Addison
Reid & Co., Ltd., of Regina at 100.60.
Interest
annuallyJ
in August.
issuance of $50,000
Wilkes-Barre, Pa.—Bond Sale.—An issue
disposed of on July 11 as follows: $500
was
of
to
5% bonds
Sidney R.
MISCELLANEOUS.
NEW LOANS.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New York. January 21»t, 1910.
Trustees, in eonformtty with the Charter of the Company, submit the
following statement of Us affairs
^
on the 31tf of December. 1909.
Premiums on Marine Risks from 1st January,
1999, to 31st December. 1909
..$8,759,391 25
Premiums on Policies not marked off 1st January, 1909
717,712 70
8 18,500
BOROUGH OF
The
COLLINGSWOOD, N. J„
Funding Bonds
Sealed proposals will be received
by Wm. Hambrecht Jr., BoroughaClerk,
until AUGUST 3,
$4,477,103 95
purchase of Eighteen Thousand
Five Hundred ($18,500) Dollars
Premiums marked off from 1st January. 1909, to 31st
4^% 20-year
December, 1909
$3,791,657 05 funding bonds of the Borough of
Collingswood,
N. J.
Bonds
bear
Interest
at
Interest received during the year
the rate of 4H%
$322,046 46
per annum, payable January 1st and
Rent lees Taxes and Expenses
July 1st.
145,679 82
cBonds are of $500 denomination.
3467,726 26
All bids mnat
be accompanied
Losses paid during the year which were estimated In 1908
by a certified check for 5% eff
bonds bid for.
and previous years
8829,378 19
WM. HAMBRECHT JR.,
Losses occurred, estimated and paid In 1909__
1,149,459 56 31,978,837 75
Borough* eierk.
Total Marine Premiums
4 p. m., for the
*
<■
Less
Salvages
3249,891 07
256,520 46
Re-Insurances
485.411 55
61,493,428 29
Returns of Premiums
Expenses, Including officers' salaries and clerks’ compensation,
stationery,
newspapers, advertisements, etc
ASSETS.
United States & State of New York
Stock, City, Bank and other Se¬
curities
$6,461,042 00
Special deposits In Banks &TruatCos. 1,000,000 00
Real Estate cor. Wall & WtllamSts.,
& Exchange Place.$4,299,426 04
Other Real Estate &
claims due the com¬
pany
75,000 00 4,374,426 04
Premium notes and Bills Receivable
Cash in the hands ef European
Bankers to pay losses under poli¬
cies payable In foreign countries.
Cash in Bank
Aggregating
i
1,213,069 06
JOHN
$60,265 14
MUNICIPAL
$356,013 94
AND
LIABILITIES.
Estimated Losses and Losses Un¬
settled
Return Premiums Unpaid
Certificates of Profits Ordered Re¬
deemed, Withheld for Unpaid
Premiums
Certificates .of
lng
685,546 90
1
»
Ontstand-
Real Estate Reserve Fund
7 ,404,890 00
370,999 00
239,948 04
633,405 13
$12,921,890 89
Aggregating
FORREST At, CO,
BANKERS
?ICHARD H. EWART.
SANFORD E. COBB, 2d Viee-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART. 4th
Vice-President.
PHILADELPHIA. PA.
Municipal and
Corporation Bonds
$11,260,125 76
By order of tfae Board.
Q. STANTON FLOYD-JONES. Secretary.
TRUSTEES.
***FRANCIS M. BACON.
CLEMENT A. GRISGOM,
DALLAS B. PRATT.
WALDRON P. BROWN.
ANSON W. HARD,
GEORGE W. QUINTARD,
VERNON H. BROWN.
LEWIS CASS LED YARD,
A. A. RAVEN,
*
*
JOHN N. BEACH.
CHARLES D. LEVERICH,
JOHN J. RIKER,
JOHN GLAFLIN,
LEANDER N. LOVELL,
DOUGLAS
ROBINSON.
GEORGE G. GLARE.
GEORGB H, MACY,
GUSTAV H. SCHWAB.
CLEVELAND H. DODGE.
CHARLES H. MARSHALL,
WILLIAM SLOANE,
CORNELIUS BLDERT,
NICHOLAS F. PALMER.
ISAAC GTBRN.
HENRY PARISH,
WILLIAM A. STREET.
HILIP A. 8. FRANKLIN.
ADOLF-* PAVENSTEDT,
GEORGE E. TURNURE.
HERBERT L. GRIGGS,
CHARLES M. PRATT,
A. A. RAVBN, President.
CORNELIUS ELDERT, Vice-President.
BONDS
STREET, NEW YORK
<31 Chestnut St..
A dividend of Interest of Six per cent on the
outstanding certificates of profits will be paid to tbe
holders thereof, or their legal
representatives, on and after Tuesday the first of
The outstanding certificates of the Issue of 1904 will
February next.
be redeemed and paid to the holders thereof,
•r their legal representatives, on and
after Tuesday the first of
next, from which date all
Interest thereon wlR cease.
The certificates to be produced at the February
time of payment and canceled.
A dividend of Forty per cent ie declared on the
net earned premiums of the
Company for the year
ending 31st Deoemher. 1909, which are entitled to
participate in dividend, for which, upon appli¬
cation, certificates will be issued on and after
Tuesday the third of May next.
v
He. 3 WALL
263,468 95
120,569 42
22i353 49
,
Profits
RAILROAD
$2 ,393,297 00
Premiums on Untermlnated Risks.
Certificates of Profits and Interest
Unpaid
H. WATKINS
ESTABLISHED 1666
H. C SPEER & SONS CO.
Fint Nat Bank Bldg.,
Chicaga
WESTERN
MUNICIPAL, AND SCHOOL BONDS
GEO. B. EDWARDS
Tribune Building, 154 Nassau Street.
Telephone 4218 Beekman.
NEW YORK. N. Y
Negotiations, Investigations, Settlements
In
.
or
out of New York
City
Satisfactory References
July 23 1910.
THE CHRONICLE
Amherst, N. S.—Price Paid for Debentures.—We are ad¬
vised that the price paid for the $41,600 430-year
sewer,
school and winter-fair debentures, awarded last month to
J. C. Mackintosh & Go. of Halifax (V. 90, p.
1700), was
100.51.
Denomination $1,000, except one debenture of
$600.
Date July 1 1910.
Interest semi-annual.
Dresden/ Ont.—Bids Rejected.—This town, it is stated,
rejected all bids for an issue of $17,000 4}^% debentures
reoently offered for sale.
Fannystelle School District No. 767, Man.—Debenture
Election.—An election will be held July 28 to vote on a
by¬
law to issue $6,000 school-building and furnishing debentures.
Easlo, B. C.—No Action Yet Taken.—We are advised
under date of July 13 that nothing has yet been done
looking
towards the issuance of the $25,000 sidewalk-debenture elec¬
tion mentioned in Y. 90, p. 1513.
Macdonald,*^Man.—Debenture Offering.—Proposals will be
received until 12 m. July 27 by H. Grills, Secretary-Treasurer
(P. O. Sanford), for $6,000 telephone-extension debentures.
Maturity part yearly for 30
years.
Bank of Canada In North Bay.
Delivery to be made
at the Traders’
Minto
Township, Ont.—Debenture Offering.—Proposals
July 27 by W. D. McLellan,
Clerk (P. O. Harriston), for $4,875 65 5% gold
drainage
will be received until 2 p. m.
debentures.
Date
Aug. 1 1910.
Interest and principal payable In 20 annual Install¬
at the Traders Bank In Harriston.
Debenture
debt, not Including this Issue, $7,897 93.
No floating debt.
Assessed
Raymond, Alberta.—Debenture Offering.—‘Proposals will
for $40,000 5% water-works-
be received until 8 p. m. July 29
construction debentures.
S.
North Bay, Ont.—Debenture
Offering.—Proposals will be
received until 12 m. July 25 by M. W. Flannery,
Treasurer,
for $65,835 26 5% coupon or registered local improvement
debentures.
Date Aug. 1 1910.
Interest annually at the Traders’ Bank of Canada In
North Bay.
Maturity part yearly for 30 years.
Delivery to be made at
the Traders’ Bank of Canada In North Bay.
Debenture debt. Including
this Issue, $182,531 01.
Floating debt, $98,056 63. Assessed valuation
for 1910, $2,493,106.
Outremont, Quo.—Debenture Sale.—We have just been
advised that $75,000 5% local-improvement debentures were
awarded
on
June 1 to Hanson Bros, of Montreal at 109.59.
Denomination $1,000.
Date May 1 1910.
Interest semi-annual.
Ma¬
turity May 1 1932.
Maturity part yearly for 46 years.
Kimball Is Secretary-Treasurer.
Purchaser to pay accrued iutecwt.
Regina, Sask.—Debenture Sale.—The 12 issues of 43^54
debentures, aggregating $586,500, described in V. SB,
p. 1634, were sold on July 11 to the Canadian Ageney, Ltd.,
of London, Eng., at 97.675.
A list of the bidders follows:
coupon
Can.Agcy.,Ltd..London,Eng._97.675 Osborne & Francis, Ltd
96.252
Ifcrent, Noxon & Co., Toronto_97.67 C. H. Burgess & Co., Toronto.96.061
Wood, Gundy & Gto., Toronto.97.53
Bank ef Nova Scotia
96.06
Domln. Sec. Cbrp., Ltd., Tor_96.TO
Ontario
Gardiner,
Secur. Co., Toronto..94.659
__97 1-32 Aemlllus Jarvis & Co., Tor
91.589
J.Add’nReld&Co.,Ltd.,Reglna97.35
Oldfield,
Kirby
&
Winnipeg
Saskatoon, Sask.—Debenture Offering.—Proposals will be
by J. H. Trusdale, City Clerk*
received until 5p.m. Aug. 1
for the following debentures:
$9,000 5%
21,000 5%
30-year colleglate-lnstltute debentures.
30-year debentures for fair grounds and hospital over-expen¬
ditures.
5%
10-year concrete-sidewalk debentures.
4J4% 3Q-year sewerage-system debentures.
4 >*% 30-year water-works-extension debentures.
4H% 30-year debentures for opening streets and parks.
4 J^% 30-year sewer and water-connection debentures.
4
30-year electrlo-llght debentures.
4
30-year traffic-improvement debentures.
4H% 30-year stand-pipe or water-tower debentures.
5%
10-year cement-sidewalk (city’s portion) debentures.
4
30-year falr-grounds-extenslon debentures.
4H% 30-year motor-fire-apparatus debentures.
4
30-year boiler debentures.
The ten last-mentioned Issues were spoken of In V.
91, p. 58.
73,000
129,000
90,000
75,000
62,000
24,000
19,000
17,000
15,000
15,000
6,000
6,000
ments on Dec. 31 each year
valuation 1910, $2,441,876.
335
South Vancouver, B. 0.—Debenture Sale.—The
$170,000
school, the $200,000 road and the $30,000 sidewalk 5%
50-year debentures offered on July 13 (V. 90, p. 1701), were
awarded to Oldfield, Kirby & Gardiner of
Winnipeg at
104.15—a basis of about 4.782%.
Wainwright School District No. 1658, Alberta.—Debenture
Offering.—Proposals will be received until Aug. 15 by H. V.
Fieldhouse, Secretary-Treasurer, for $18,000 5% school
debentures.
Interest annually at the Merchants’ Bank of Canada In Wain
wright.
Maturity part yearly for 20 years.
Weston, Ont.—Bids Rejected.—Reports state that all bidi
43^% debentures offered on
received on July 9 for $17,000
that day were rejected.
TRUST COMPANIES.
TRUST COMPANIES,
The
Manhattan
Trust
Trust
Company of America
37-43 WALL STREET, NEW YORK.
COLONIAL BRANCHi
222
Company
LONDON OFFICE!
Broadway, New York.
95 Gresham St.
CAPITAL AND SURPLUS
Temporary Offices
$8,000,000
Invites accounts of individuals firms and
Pays interest
113 BROADWAY
on
Executes trusts of
corporations.
daily balances.
every description.
WALL STREET
CORNER NASSAU
L. F. DOMMERIGH & GO.
NEW YORK
General Offices, 67 Greene Street
ACCOUNTANTS.
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
LYBRAND,
merniiMT
tun
piiadautct
cai r«
DISCOUNT AND
GUARANTEE SALES
ROSS BROS &.
MONTGOMERY
CARRY NO
GOODS
FOR MANUFACTURERS,
AQENTS
AN„
0THERS
FOR OWN ACCOUNT
Certified Public Accountants
(Pennsylvania)
NEW
YORK,
PHILADELPHIA,
165
Broadway.
Land Title Bldg.
Union Bank Bldg.
PITTSBURGH,
CHICAGO, First National Bank Bldg.
The Commerce Court at
All
& CO.
CERTIFIED PUBLIC ACCOUNTANTS
New
York,Chicago, Cincinnati, and
London, England.
AUDITORS
FOR
FINANCIAL
INSTITU
TIONS, INDUSTRIAL AND
MINING COMPANIES
Investigations, Financial Statements,
Periodical A adits and Accounting
carriers
engaged in inter-State or foreign
required by law to keep hereafter an agent at
Washington for service of process.
commerce
JAMES PARK
Washington
common
are
For full information
regarding this law, address
!2Ehje Corporation Tmsl Co.
NEW YORK
CHICAGO
ST. LOUIS
BOSTON
PHILADELPHIA
236
THE CHRONICLE
[Vox,.
gvtist
LXXXXI.
ffttgituejevs.
mm states trast mm
if lev Tett,
Chartered 1*53
H. M. Byllesby & Co.
45 and 47 WALL STREET
ENGINEERS
$2,000,000.00
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
$13,733,303.21
This Company acts as Executor. Administrator. Guardian. Trustee. Court Depositary and In
ether recognised trust capacities.
It allows iatereot at current rates on deposits.
It holds, manages and invests money, securities and other property, retd ar personal, for estates
EXAMINATIONS and REPORTS
corporations and individuals.
EDWARD W. SH1LDOV, Preiident
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A. EDWARDS, 2d Asst.Sec.
JOHN A. STEWART, Chairman ot the noare.
Gustav H. Schwab,
Lewis Cass Led yard,
Frank Lyman,
James Stillman,
John ClafHn,
John J. Phelps,
Portland, Ore.
Oklahoma City, Oklahoma,
TRUSTEES.
W. Bayard Cutting,
William Rockefeller,
Alexander E. Orr
WUUam H. Maey Jr..
WMltem D. SLonoe,
218 La Salle Street, CHICAGO
Lyman J. Gage.
Payne Whitney,
Edward W. Sheldon,
Chaunoey Keep
Mobile, Ala.
George L. Rives,
Arthur 0. James.
William If. Kingsley.
William Stewart Tod.
Ogden Mills.
Egerton L. Wlnthrop
J. G. WHITE & CO.
Engineers, Contractors
Fidelity Trust Company
43-49
Exchange Place, NEW YORK
Chicago, Ills.
San Francisco, Cal.
Electric
[arest]cations and
Reports
mm
and&c..
jtaJlway
ElectricJLight
Power
.operties.Gas,
Irrigation
Systems.
for
on
NEWARK, N. J.
ay
_
_
.
Financial Institutions and investors.
Electric
Resources Over $29,000,000
Railways, Electric Light and Power
Plants, Irrigation Systems Financed,
Designed and Built.
Capital, Surplus and Undivided Profits, Over $9,500,000
Aflt*
as
Executor, Trustee, Administrator and in all fiduciary capacities.
Guarantees Titles ef
Takes entire charge of Real and Personal Estates.
Real Estate throughout New Jersey.
General Banking and Sayings Departments.
Bond Department for
purchase and sale of municipal and public utility securities. Safe Deposit
Department.
,
London
Correspondents:
WHITE A CO., Limited
J. 6.
9 Cloak Lane. Cannon St.. E. C.
C. G. YOUNG
Engineering and Construction
Plans,
Methods,
SIXTY
Operation
WALL ST.,
NEW YORK
Public Utilities and Industrial*
Reports for Financing
CENTRAL TRUST COMPANY
Mem
of NEW YORK
54
H. U. WALLACE
Wall Street
ENGINEER
Capital and Surplus, $18,000,000
(of which $ 1 7,000,000 has been earned)
Authorized
to act as
Am. Soc. C. E.
Executor, Trustee, Administrator
or
Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
Examinations. Reports, Surveys. Supervision of
senstructlon and operation of Electric and Steam
Railroads, Power Plants, Transmission lines,
Oatra! Stations and Irrigation projects. Etc.
Bx-Supt. Illinois Central RR.; Chief Engineer
Illlaola Central RR.; and Gen'l Manager Chicago
Lake Shore A South Bend Electric Railway. ,
Marquette Bldg.
CHICAGO. ILL.
Bdmond C. Van Meet
ThomtiS L
Associated
Robert McF. Doble
WUkinson
Engineers Co*
Examinations, Reports Construction, Operation
Irrigation Enterprises
CHARTERED
<17Century Building
1864
Union Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office
:
425 Fifth Avenue,
With Modern Safe
corner
38th Street,1
COLO.
Established 1589.
A.
L.
REGISTER
Succour, to
A
CO.
Pepper & Register
ENGINEERS & GENERAL CONTRACTORS
Ui North Bros, Strut
PUIaMpUa.
Deposit Vaults
Surplus (earned) $7,737,000
ALLOWS INTEREST ON DEPOSITS.
as
Specialty
gaining fgnginueeKs.
Capital $1,000,000
Aets
a
IlkNVKK
Executor, Guardian, Trustee, Administrater and in all Fiduciary Capacities
on behalf ef Individuals, Institutions or
Corporations.
H.
M.
CHANCE
Cosseting Mining Engineer and Geologist
OOiX AND HIHSKAL PROPERTIES
Examined, Developed, Managed
MT Dmol Bldg.
PHILADELPHIA. PA
giuatxjcial.
P. O. BOX 27. MAIN OFFICE.
CHICAGO
WASHINGTON. D. C.
Capital and Surplus
$13,600,000
Pays Interest
on
Time Deposits, Current and Reserve Accounts.
Foreign Exchange.
Deals in Investment Securities and
Transacts
a
General
Trust
CORRESPONDENCE
Business,
INVITED.
OFFICIAL ORGAN OF TH E ASSOCIATION OP
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES, BANKS, RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA¬
TIONS.
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS' OFFICES.
Sample Copy 15 eents. Per Annum $1 50
1
THE CHRONICLE
July 23 1910.
xyu
gviixl ©OTttjmtilts.
The NEW ENGLAND
TRUST COMPANY
OLD COLONY TRUST COMPANY
BOSTON, BASS.
BOSTON, HASS.
CAPITAL. H.OOO.OOO
SURPLUS. *2.000.000
Safe Deposit Vaults
Authorized to act as Executor, and to receive
and held money or property In trust or on deposit
Cram
Courts of Law er
Equity Executors
Administrators, Assignees, Guardians. Trustees
Corporations and Individuals.
Also acts as Trustee under Mortgages and as
Transfer Agent and Registrar of Stocks and Bonds.
Interest allowed
on
Deposits Subject to Check
OFFICERS
DAVID R. WHITNEY. President
CHARLES F. CHOATE, Vice-President
ALEXANDER COCHRANE, Vice-President
NATHANIEL THAYER, Vice-President
JAMBS R. HOOPER, Actuary
HENRY N. MARR, Secretary
FRED. W. ALLEN, Asst. Sec. A Treas
THOMAS E. EATON, Aset. Treas.
FRANCIS R. JEWETT, Trust Officer
GHAS. E. NOTT, Mgr. Safe Dep. Vlts
BOARD OF DIRECTORS
William Endicett, Chairman
Walter C. Baylies
Alfred Bowdltch
S, Parker Bremer
James G. Freeman
Morris Gray
Timothy E. Byrnes
Ernest Lovering
Henry H. Proctor
James M. Prendergaet
Herbert M. Sears
Lawrence M. Stockton
Nathaniel Thayer
Eugene V. R. Thayer
David R. Whitney
George Wigglesworth
James R. Hooper
Charles F. Choate
Alexander Cochrane
George Dexter
Philip Dexter
William Endlcott Jr.
Francis W. Fabyan
William Farnsworth
Frederick P. Fish
Capital and Surplus
John S. Bartlett
Samuel Carr
B. P. Cheney
Hon.T. J effersonCoolIdge
T. Jefferson Coolldge Jr.
Charles E. Cot ting
AJvah Crocker
MORTGAGE & TRUST
COMPANY
$2,000,000.00
Invites Personal and Business
Accounts. Acts as Trustee, Ex¬
ecutor, Administrator, Guard¬
ian
in
and
Edwin Famham Greene
Robert F. Herrick
aU
Fiduciary
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
Andrew W. Preston
Walter Hunnewell
Richard S. Russell
Charles W. Whittier
B’way A. 73rd St.
Authorized Reserve Agent for Trust Companies in Maine, Massachusetts and Rhode Island.
Valley Trust Co.
Girard Trust Company. Mississippi
Fourth & Pine Sts., St. Louis.
Capital and Surplus, $10,000,000
Acts
and
as Executor, Administrator. Trustee.
Assignee and Receiver.
Financial Agent for Individuals or
Corporations.
on
Individual and
Corporation Accounts.
Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization,
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
Acts
as
MANAGERS:
Edward J. Berwind,
Effingham B. Morris.
Randal Morgan,
John A. Brown Jr.,
John B. Garrett,
Edw. T. Stoteaburv,
William H. Gaw,
Charles E. Ingersoll,
Francis I. Gowen,
John S. Jenks Jr..
Gee. H. McFadden.
Henry B. Coxe.
Henry Tatnall,
Edgar C. Felton,
Isaac H. Clothier,
William T. Elliott.
Thos. DeWItt Cuyler.
W. HInckie Smith,
C. Hartman Kuhn,
B. Dawson Coleman.
James Speyer,
Broad and Chestnut Streets,
PTITT. A THIT.PHT A
CAPITAL
S3.000.000
3,000,000
-
SURPLUS
OFFICERS.
Geo. H. M?Fadden &
COTTON MERCHANTS
PHILADELPHIA.
Bro.,
NEW YORK.
Liverpool Correspondents*
FREDERIC ZEREGA A CO.
Bremen
Correspondents:
MCFADDEN BROTHERS A CO.
Havre Correspendents:
BOCIETE D'IMPORTATION ET BE COMMIS’N
Mason Smith & Co.,
H. Martin Brown, Vice-President
Otis Everett, Vice-President
Joshua M. Addeman, Vice-President
Waldo M. Place, Treasurer
Ward E. Smith, Asst. Treasurer
Ghas. H. Manchester, Secretary
H. Howard Pepper, Asst. Secy.
Frederick B. Wilcox .Auditor
NKW ORLEANS I.A.
Olney T. Inman
J. Milton Payne
William R. Dunce
Richard A. Robertson
Joshua M. Addeman
James M. Scott
William H. Perry
Arthur L. Kelley
H. Martin Brown
Eben.N. Littlefield
Otis Everett
C. Prescott Knight
Jesse H. Metcalf
George F. Baker
George M. Thornton
William P. Chapin
Angus McLeod
MEMPHIS, TKNN,
DALLAS, TEX.
CENTRAL
TRUST COMPANY
R. H. ROUNTREE & CO.,
OF ILLINOIS
Gommisaicm Merchants,
COTTON MERCHANTS
M
Exchange Place,
-
-
NEW YORK
ROBERT MOORE &. CO.
56 Beaver Street, New York.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
EXCHANGES.
•OTTON PURCHASED FOR SPINNERS’ USE
CHICAGO
and COFFEE
GWATHMEY &. CO.
Traction Co.
Wilbur JF. Boyle. Boyle & Priest.
James E. Brock, Secretary.
Murray Carle ton, President Carleton Dry Goods Oe
Charles Clark.
floratio N Davis, President Smith & Davis Mfg.Co
John D
Davis. Vice-President.
Auguste B. Ewing.
David R. Francis. Francis, Bro. & Co.
August Gehner, President German-AmerlcanBank
S. E. Hoffman, Vice-President.
Breckinridge Jones, President.
Wm. G. Lackey, Vice-President and Bond Officer
W. J. McBride, V.-Pres. Haskell A Barker Car Co
Nelson W. McLeod, Vice-President GraysonMcLeod Lumber Co.
Saunders
Capital and Surplus
-
$2,500,000
CHARLBS G. DAWES, President.
A. UHRLAUB, Vice-President.
EDWIN F. MACK, Vice-President.
WILLIAM T. ABBOTT, Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER, Asst. Cashier.
WILLIAM W. GATES. Asst. Cashier.
JOHN W. THOMAS. Asst. Cashier.
ALBERT G. MANG, Secretary.
MALCOLM McDOWELL, Asst. Secretary.
WILLIAM G. EDENS, Asst. Secretary.
JOHN L. LEHNHARD, Asst. Trust Officer.
BANKING,
Nor veil.
President
Hardware Co.
Norvell-Shaplelgh
Robert J. O’Reilly, M. D.
Wm. D. Orthwein. President Wm. D. Orthwetn
Grain Co.
Henry W. Peters. President Peters Shoe Co.
H.C. Pierce, Chairman Board Waters-PierceOil Oo.
August Schlafly, August Schlafiy & Sons.
R. rl. Stockton. President Majestic Mfg. Co.
Julius S. Walsh, Chairman of the Board.
Rolla WeBs.
The Trust Company
of North America
CAPITAL
81.000,000
-
HENRY G. BRENGLE, President.
JOS. S. CLARK, Vice-President.
CHAS. P. LINE AWEAVER, Sec. & Treas.
ADAM A. STULL, Chairman of Board.
DIRECTORS.
Henry G. Brengle,
James Crosby Brown.
John C&dwalader.
E. W. Clark Jr..
Eekley B. Coxe Jr.,
Edwin S. Dlxonj
Eugene L. Ellison,
Joseph C. Fraley,
Harry C. Francis,
Henry L. Gaw Jr.,
J. Levering Jones,
Malcelm Lloyd,
John Mcllhenny,
Richard Wain Heirs.
Clement B. Newbold,
John W. Pepper,
William F. Read,
Adam A. Stoll,
Edward D. Toland,
Joseph R. Watnwrlght,
Howard S. Graham.
william D. Wlnsor.
Samuel F. Houston,
Ezra Dixon
Orders for Contracts Exe¬
cuted la New Orleans. New York.
Liverpool and Havre Markets.
COTTON EXCHANGE BUILDING.
NEW YORK.
DIRECTORS.
John B. Braneh
Bayern of Spot Cotton.
COTTON, GRAIN, PROVISIONS
flftO
John I. Beggs. President Milwaukee Light Heat A
John J. Watson Jr.
Charles H. Allen
Howard O. Sturgis
Edward D. Pearce
Englehart C. Ostby
Chas. C. Harrington
Louis H. Comstock
K/ln
A GENERAL FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED.
BOARD OF DIRECTORS.
Herbert N. Fenner
Samuel P. Colt
OTTO* 0OHHISSION MERCHANTS Cyrus P. Brown
leo
PROFITs}*°*tyW*'JW
503-505-507 Chestnut St., Philadelphia
(Tyros P. Brown, President
Arthur L. Kelley, Vice-President
ffiotton.
CAPITAL, SURPLUS
CHARTERED 1835.
Providence, R. I.
125th St. & 8th Ave.
Stephen M. Weld
Sidney W. Winslow
JULIUS R. WAKEFIELD
Cashier. GEO. W. GRANT
Manager Credit Dept., ELMER E. FOYE.
Secretary. CHESTER B. HUMPHREY
Trust Officer. F. M. HOLMES
Industrial Trust Company
55 Cedar St.
Galen L. Stone
Nathaniel Thayer
Lucius Tuttle
H. O. Underwood
Eliot Wadsworth
Henry Parkman
Henry S. Howe
B. MORRIS, President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON. 2d Vlee-President.
C. J. RHOADS, 3d Vice-Pres, and Treasurer.
E. S. PAGE, Secretary.
SURPLUS.
$4,000,000.00
Laurence Minot
Maxwell Norman
Hon. Richard Olney
Robert T. Paine 2nd
Reginald Foster
George P. Gardner
E.
NEW YORK
CAPITAL.
Frederick P. Fish
PRESIDENT. PHILIP STOCKTON.
Vice-Presidents. WALLACE B. DONHAM
Treasurer. FREDERIC G. POUSLAND
Interest Allowed
UNITED STATES
$12,500,000
DIRECTORS.
T. JEFFERSON COOLIDGE JR., Chairman Executive Committee.
GORDON ABBOTT. Chairman of Beard.
FRANCIS R. HART, Vice-Chairman.
Charles F. Adams 2nd
PhHip Y. DeNonnandle
Henry C. Jackson
Philip L. Saltonsta II
F. Lothrop Ames
Herbert M. Sears
George E. Keith
Philip Dexter
Oliver Ames
M.
Lane
Gardiner
George A. Draper
Quincy A. Shaw
C. W. Amory
Frederic C. Dumalne
Col. Thos. L. Livermore Howard Stockton
William Amory
William Endieott Jr.
Arthur Lyman
Philip Stockton
Charles F. Ayer
Wllmet R. Evans
Charles S. Me lien
Charles A. Stone
SAVINGS
AND
DEPARTMENTS.
TRUST
Rhode Island Hospital
Trust Company
PROVIDENCE, R. I.
CAPITAL
SURPLUS
*2,000,600
*2,000,000
DIRECTORS.
Royal C. Taft,
Howard O. Sturges,
Lyman B. Goff,
Robert W. Taft,
Robert H. I. Goddard, Stephen O. Metcalf,
Robert I. Gammell,
Walter R. Oallender,
William B. Weeder.,
Edward Holbrook,
Edward D. Pearce,
James E. Sullivan,
Robert Knight.
Benjamin M. Jackson.
John W. Danielson,
John R. Freeman,
Herbert J. Wells,
Charles S. Mellen.
Rowland G. Hazard,
Webster Knight,
Nelson W. Aldrich,
Stephen O. Edwards,
Samuel R. Derrance,
Frank W. Matteeon.
R. H. Ives Goddard Jr.
HERBERT J. WELLS, President.
EDWARD S. CLARK, Vice-President.
HORATIO A., HUNT, Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER, Trust Offices.
CYRUS E. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Sec'y.
HENRY L. SLADER, Asst. Sec’y.
G. A. HARRINGTON. Asst.Tr.OWnef
,
THE CHRONICLE
XVIII
@0ifccrit.
[VOL.
tPtUKttPCtxl.
gttxanxial.
WOODWARD
& STILLMAN
E. H.ROLLINS & SONS
Established 1876
COTTON MERCHANTS
16 to 22 WILLIAM STREET,
BANKERS
NEW YORK
Negotiate and Issue Loans for Rail¬
roads and Established Corporations.
Buy and seU Bonds suitable for
AMERICAN COT'gON OF ALL GRADES SUIT¬
ABLE TO WANTS OF SPINNERS.
Investment.
Wf
er * v
Established In 185*.
Henry Hentz & Co.
LXXXSI.
.
*
CHICAGO
£06 LA'SALLE ST.
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Fiscal Agent for Cities and Corporations
COMMISSION MERCHANTS
16 to 22 William Street, New York.
Execute Orders fer Future Delivery
List
on
Application
COITON
At the New York. Liverpool and New Orleans
Cotton Exchanges. Also orders (or
COFFEE
At the New York Coffee Exchange
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
QRAIN AND COTTON-SEED OIL
At the New York Produce Exchange
Hubbard Bros. & Co.
COFFEE EXCHANGE BUILDING
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
NEW YORK
COTTON MERCHANTS
on
NEW YORK
CHICAGO
DENVER
SAN FRANCISCO
SEND FOR CIRCULARS.
HANOVER SQUARE.
Liberal Advances Made
BOSTON
PEABODY, HOUGHTELING & GO.
181 La Salle Street,
Cotton
Consignments.
CHICAGO.
Hopkins, Dwight & Co.
F. H. PRINCE & CO.
BANKERS
[Established 18654
BOSTON, MASS.
COTTON
COTTON-SEED OIL.
GEO. H. BURR & CO.
COMMISSION MERCHANTS
BANKERS
Room 52
Cotton Exchange Building,
NEW YORK.
LEHMAN, STERN A SO., Limited. New Orleans,
LEHMAN BROS.
Nos. 16-22 William Str«et, New York.
Members
'and
of the Stock, Cotton, Coffee
Exchanges, New York.
Commercial
43
Exchange Place
Paper
New York
-
San Francisco
Orders executed on the abowe Erchanges, as well In
New Orleans, Chicago and foreign markets.
COTTON MERCHANTS,
82-92 Bearer
Street,
New York City
-
BOSTON, PHILADELPHIA, PROVIDENCE
o7nw&u&e&A£vet%c:
Municipal and Corporation
First National
Bank Bldg.
Chicago
BONDS
111 Broadway
M Congress St..
New York
Boston
Bremen. ALBRECHT, WELD & CO.
Siegfr. Gruner & Co.
COTTON MERCHANTS
Street,
MUNICIPAL & COR¬
PORATION BONDS
182 LA SALLE
STREET,
Successors to
COPELAND & CO..
COTTON BROKERS.
48 Cotton Exchange,
New York.
Ordersfor future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
SMITH & HAYNE
Frank B. Hayne (In Commendum)
Cotton Brokers.
COTTON EXCHANGE BUILDING,
Co
BONDS
—r
42T
CHESTNUT
STREET
PHILADELPHIA, PA.
York St?ck Exchange
-fNew
l Philadelphia “
[Established 1863.)
W. T. HATCH
SONS
BANKERS AND BROKERS
CHICAGO 71 Broadway,
Now York
-
MEMBERS OF
NEW YORK STOCK EXCHANGE.
WILLIAM RAY &, CO.
GEO
&
Chas. S. Kidder & Co.
NEW YORK.
NEW
Sullivan Brothers
Members
Liverpool, WELD & CO.
17 South William
Members of New York and Beaten Stock Bxehengei
Chicago
Boston
St. Louis
Philadelphia
Kansas City
Produce
Stephen M. Weld & Co.,
HIGH-GRADE INVESTMENTS
Devitt, Tremble & Co.
HOLLISTER, FISH & CO.
BONDS FOR INVESTMENT
FIRST NATIONAL BANK BLDG.,
CHICAGO
PHI LA. NATIONAL BANK BLDG.,
PHILADELPHIA
BANKERS
Members New York Stock
Exchange
Investment Securities
Nassau A Pins
Strssts, N. Y.
ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NBW ORLEANS. NEW YORK
AND LIVERPOOL MARKETS.
(Other cotton cards
on
preceding oage.)
DominicK & DomiRicK
H. T. HOLTZ & CO.
116
BROADWAY
Members New York Stock Exchange.
financial.
MUNICIPAL AND
FIRST NATIONAL BANK
CORPORATION BONDS
United Bank Note Corporation Stocks
RICHMOND, VIRGINIA
Capital and Earned Surplus,
-
$2,000,000
JOHN B. PURCELL. President
JOHN M. MILLER JR., V.-Prest. & Cashier
FREDERICK E. NGLTING, 2d Vice-Prest.
Correspendenee'Invited
Correspondence Invited
171 LA SALLE
STREET, CHICAGO
DICK BROTHERS &, CO
BANKERS AND BROKERS.
SO Broad St.,
-
-
-
-
New York.
Me*?1
hers of N. Y. and
New
New
York,
Phlia. Stock Exchange!
Orleans and Liverpool Cotton
Exchanges. New York
Coffee
Exchange
and Chicago Board of Trade.
@FedFRASER