The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
1
.
i
financial
W
J
nnrnwrcia
rnmcle
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section ( Th vCJ-iy"
State
(Monthly)
Railway and Industrial Section (quarterly)
Entered according to Act of Conness,
VOL.
tn the
year
l!io5,
by Wn.i.iwi
H.
l!S
)
Dava Company,
SATURDAY, JULY
81.
in the ottloeof Librarian of
29
Confess. Washington.
NO.
1905.
l>.
c«
2092.
Week ending July 22
ghc
—
(IDhrouicle.
Clearings at
PUBLISHED WEEKLY.
Terms
oi Subscription
—Payable
Advance
in
For One Year
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
$10 00
6 00
18 00
7 50
Annnal Subscription in London (including postage)
Six Months subscription in London (including postage)
£2
£1
Subscription includts rollowing Sections—
State and City (semiannually)
(monthly)
Indcstklal (quarterly) street Railway (3 times yearly)
Bank and Quotation
Railway and
14s.
lis.
Boston
Providence
Hartford
Springfield
Worcester
1,561, 426
Portland
Fall River
Lowell
1.506,269
676,059
479,987
524.008
376,362
New Bedford
Holyoke
Total
I
New England.
of
Two Months
(
6 ,.„j,„„ Business r-„,.i= J Three Months
Standing «„„.„„„. Cards J Slx Montll3
(
Twelve Months
22
29
50
87
(13 times)
fe 6
tlmes
(52 times)
00
00
00
00
CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Blook.
LONDON OFFICE— Edwards A Smith, 1 Drapers' Gardens, E. C.
MILLI.li. B. PANA COMPASV, Publishers,
Pino Ktreet, Corner
Box
./>/
made up by
New
York.
Philadelphia.
Baltimore
Chicago
St. Louis
New Orleans
all cities,
Total
5 days.
all cities
P. Cent.
+30-2
+K1-5
*806.527,740
93,859.021
70,287 068
18,376,200
121,926.001
35.810.318
8.288.188
4-38-2
—6-3
+224
+20-6
+47-0
Fort
Wayne
South Bend
Total Mid. Western
San Francisco
Los Angeles
Seattle
Salt Lake City
Portland.
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Paclflc
Kansas City
Minneapolis
for week.
$1,221 074 137
249,088,926
+279
+265 Omaha
St. PauL
$1,470,163,063
304.965.101
4-27-7
+31-5
Joseph
Denver
Des Moines
(1.776.128.254
+2S-4
Sioux City
J-2.279,033.013
week covered by the above will be
given next Saturday. AVe cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
The
Jackson
Ann Arbor
il,577.95b,915
40l.074.69S
.
day
O
Decatur.
Mansfield
Jacksonville
$1,562,958,104
315,000.811
Seven cities, 5 days.
Other cities. 6 days
Total
1904.
{1,128.101,959
109.332,619
101.593,003
17.214.298
149.1S3.263
45,351,776
13,180,588
Boston
All cities, 1
1905.
89.
Lexington
Canton
Rockford
Bloomington
Quincy
Telegraph.
Week Ending J uh
Ill
Youngstown
Kalamazoo
Springfield.
telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, July 29, have
been $2,279,033,613, against $2,369,373,079 last week and
$1,775,128,254 the corresponding week last year.
Clearings— Returns
IV. .nil
Evansville
NEW YORK.
table,
Columbus
Toledo
Akron
CLEARING MOUSE RETURNS.
The following
Indianapolis.
Grand Rapids
Dayton
oi l'eai-1 Street,
».VS.
Detroit
Milwaukee
Springfield.
full details for the
-1
Topeka
Davenport
Wichita
Colorado Springs..
Cedar Rapids
403.535
403.883
619,712
471 822
778
14,',923.160
142,870 925
+197
159,878.704
21,800,500
10'U
10,450.171
9.037,006
7.382,175
0.522.044
166,787.073
19,237.800
16.476,524
9,439 001
0,: 69.133
4,855.471
4,709,000
25,929,380
6,081,450
8.977,813
3,457,411
3,133,340
2,256,868
1.894.243
794.8J3
897,950
181,895
26,753 909
48,105,195
17,480.640
13,200.277
0,077,369
5,633.1g7
8.088.734
4,137,439
1,830.407
857,820
809.059
077,229
910,595
450,902
40.451 981
7.039.! 149
6,749,418
4.307,700
8.208,453
1,810 201
1,844.077
1,573,390
1,094,092
636,700
712,223
430.058
666,604
604.143
515,790
495,520
312.619
808744
310,000
250.343
181,270
178,600
235,227
80,594
—15-7
i4-e
i 45
20-5
+2-1
Clearings
at—
1905.
1904.
Inc. or
190«
1903.
Dec.
+5-8
+19
+84-4
-18-1
—0-2
—51
+9-5
—7-0
-0-4
+22-7
+2*8
+23-8
+18-0
+1052
+56 9
—1-8
Philadelphia
urgh
.Buffalo
TWashlngton.
Albany.
Rochester
Bcranton
Syracuse
Wilmington
Reading
Wilkes Barre
lWbee.ing
[Blnghamton
1,208.004,868
164,171.474
331,174
23.7i
81.917.116
0.25.;. 15
5.02
B.079.788
4.167,582
3.147.026
2.702.131,864.821
1,996,640
L626,l4fi
1.2!
i.iee
1.01
1.013.024
1.041. 900
354.129
125.1
55.350.07o
53,218,89
17,142.727
10,082.306
6,000 ooo
5,700,000
5,272,048
1 500,230
1
1
i
10,068,950
11,290 201
7,100.415
5,754.508
4.394.098
4,950.314
1,882,419
1,150,79!
L135.74'"
677.642
664,700
419.00
4
Erie
Franklin Pa..".".!
Total Middle....
22.275
1
12
6,0'
3,428 3'.il
H.66«
2.131.888
911.18S
1
1 ,21
Total
4.9
all
New
3.1-
Outside
8,051
V. 017. 711
1
207 ':•
1,10
York..
Montreal
Toronto
Winnipeg
Halifax
832.486
620.884
600,200
II
I
422.83<
t.iwa.
Qnabae
\
458.778
477.969
I
iiiifouver
linnllton
John
London
St.
844.839
1.479.161.660
3,454 530
3,595 678
2.203 607
1.308 960
1.240 147
633 .517
658
234 ,113
39'
38.831.257
18,868.404
1
1
,507
665
6,433 200
5,815,114
3.988,038
3,963,557
1
741.129
l,2»s,7",l
l,ol5,502
716,182
667.660
500,000
8,159 000
3,858.677
2,894.843
2,864.101
2.37:1.012
0,840.080
2,892,500
+80-4
+86-6
7-1,1-8
423
1,852.018
2.38 51 18
4-5;
1
+116-6
,
2,003,600
8,743 201
2,29:!. 003
2.782.748
2,125,101
2.121,019
1,489.260
1,682,800
1,022.486
1,619,870
10
08
2.044,29a
1,672.120
1.469.207
0:i-,075
+ 10-) 199
730.111
1.471
1,266 B35
877.621
7.-7. 868
834.00
1
-33-5
KS! I.O-l!
--694
633,000
26-8
B
+24-7
297,310
+ 416
il
in In tal.
101.006,87
124,632.628
175.01 o 2.112.2:0 <01
+234
+122
100,243,993
930,091,841
+ 102
-10
20-7
82-2
VI
.
8.92
87.21
750.b30.573
Canada—
1.1
474,100
486,25;
513.188
2'i ."
8,(103.060
+27
609.S7.-
698,401
885.696
803 099
1,001.720
190,041
269.954
1.072.326 Not Include
Southern
l:*4
4512 505
50,528.709
41.980.244
12,002,072
8.802.837
-
"tnl
21.388
46.153,813
12,717,669
948.515
278,638
l
232.253,620
5-519,223
+31-0
-3-3
886,095
Mobile
'
+1
1,269.486
c.iumbus, Ga
253,"
124.881.686
,
+81.-2
--30
468 158
'
123 907
o.-,l.lo:;
Chattanooga
I
123.732
1,480,
Little Rock.
Charleston
M» con
,
Rl.
1,271 789
1,752.221
•
717,800
723,935
585.853
610 338
170,624
860,775
392,031
350.240
264.0541
297,308
249,103
209,180
157.685
139,506
62.480
288 562
2,408,417
1,590,742
1,027.859
1,040.000
1,274.293
1.018,863
-
1
.
5,469.751
4,103.874
2,298,748
2,775.941
2,068.920
1,848,180
418,411
4*5,085
46.018.107
12,795,254
10,423.313
2.640
g SOU 816
9 fl,«
2,109,096
1,929 513
1,470,256
1,497.702
1,127.132
403 803
72.601.045
19.O07.S00
Gre<;nst>urv
Chester
1.
242,670,321
124,381
3,911, 137
3,5.18,783
tal.
tal.
.
Pueblo
.-..
:
699 410
470,140
538,268
515.153
343,863
275,168
825,748
256,398
211.601
179,760
191,648
65,266
—240
Not Include
Jacksonville
New York
4,853.500
3,098.904
2,803.501
1,778,708
1,630.507
1,078,381
704,700
666,121
775,886
—00
+40
+24-4
Not include d into
Not include d in to
275,953,049
242.948,295 +13-6
473,555
Augusta
22.
55
7
157,934 269
28.434.250
13,357,289
9,587.200
•420,070
Total other West'rn
Louis
New Orleans
98.-,
1
1.168 727
7,vl,v.-,l
'
D
57
1
+11-7
Kremont
St.
I
1
144.845.S19
6,401,199
2,499,723
1,037.124
454,470
Oln.341
l,168,snl
784,711
385.195
126,379,801
0,027.100
2.481.784
1.510,800
.170
+8 3
Knoxvltle
Week ending July
312.791
580 180
1,449.292
1
7
Birmingham
10*2 per cent.
2 03i
--107
--188
101,853,228
4,236.79'
St.
We present below our usual detailed figures for the previous Louisville
week, covering the returns for the period ending with Satur- Houston-.
Galveston
day noon, July 22, and the results for the corresponding Richmond.
week in 1904, 1903 and 1902 are also given. Contrasted with Savannah
Memphis
the week of 1904 the total for the whole country shows a gain Atlanta
Nashville
of 12-2 per cent.
Outside of New York the increase over 1904 Norfolk
Fort Worth
is
125.820 078
6,289,800
2.884.353
68,448,510
28,729 341
15,003.138
9,034.242
6,429,28
Cleveland
§4 20
(8 times)
--181
34,514.440
9,759.797
7.074,852
4,509,380
±,206,441
3.274.891
3,412,227
819,200
463,356
203.906
Cincinnati
Transient matter per inch space (14 agate lines)
--It 7
--15-9
--22-3
189.042,450
23,961,550
15,497,384
10,989,398
8,481,055
6.444.503
4.398,100
3,279.447
2.650.130
1,951,149
1,603,372
1,470,087
521,700
710,803
414,488
729,948
562,092
392.151
493.430
383,787
812.154
383,074
295.002
871 ,928
280,223
225,000
100,232
899,851
348,009
Chicago
Advertising— Per Inch Space
1902
-fc
+29
495 479 -24
|
Terms
Post Office
*
127.549.530
6.110,800
2,500,303
2,288.301
1.480,1 CO
1.814,932
1 531 07.021.352
453.727
400,491
142.531,487
7,250,800
2,908.496
2.339,-28
1,038.497
New Haven-
Inc. or
Dec.
1904
1905.
Vlctoru
Total Canada
25 870, 201
20 189,
684 W3
816
2 800 083
1 870, 043
1 079
2-0 648
1
1
1
I
18,
321
844,16
21,481,878
10,287,80]
I
6 19
1.871,266
2 IP
1,627.328
1.7P
m
53.2 10.989
1
'."
4-18-7
4-19-s
1
+ ^3-1
10.159,292
r,i
-->•,
B8.601
1.71
912, 157
-to-
799 878
5!
.1
1-
1.046,403
1,001
779.i:i7
05.537,90s
!
.i- l.bOl
1,21
I
1.99
1.1
1,01
I
,.;u
UMl
6UI.M0
13.152,b0»
THE CHRONICLE.
474
[Vol. lxsxi.
Y.
TEE RAIL WAY AND 1ND USTRIAL SECTION.
The
quarterly
TRIAL
Section
is
RAILWAY AND INDUS-
number of our
issued to-day, and
is
sent to
on the following
It contains editorial articles
scribers.
our sub-
all
topics
prospect
of attaining
big plum in stew which,
We
of the statement had
it
having at their
feet
the railroad
and
be hardly worth the muss
necessarily
attends
assemble
than
is
so
They can
our
of
more
and
England
but
do
New
the
before
which
fuss
together
getting
the
law-makers.
national
fixed
additional time for legislation
late as to give very little
and' to
little
Middle State members will become unrestful, anxious
about getting home to eat their Thanksgiving turkeys.
That feast will be no more than well digested before the
Christmas recess will loom up and hosts of excuses for
of absence
Then comes
sides, it
begin
to
be presented and
the recess, with almost
nected with industrial affairs
to fiud a
who ever
hails
session or even the regular annual gathering
binger of business activity.
As
granted.
Be-
nothing done.
would require a long search
"Give
me
make
railroad
in the world,
systems
your money or I
of the
you
will pur
—
not been put afloat with such an
The day
the
all
They have a
they can secure, would
them the most arbitrary and powerful body
man
con-
an extra
as
a har-
the force of a
light-
flash is often displayed in the heart taken out of the
robust tree, so a gathering of Congressmen abreast of a
managers would per necessitate have
to
resign or crawl.
How
should question the truth
air of confidence in its accuracy.
if
and perhaps into a position that will fores
you into a receivership," is the language the law would
utter, whether spoken in words or only in winks
and
An announcement, reported to be official, of an extra
session of Congress beginning November 11 has been
an incident of the week.
purpose.
their
into a hole
TEE FINANCIAL SITUATION.
i
ning
fair
United States.
GOVERNMENT RAILWAY POLICY IN CANADA.
THE RAILWAY CLEARING-HOUSE PLAN.
leave
should ever go to work so long as they think they see a
strange
that worthy
it is
men
will vote for,
and
excellent officials help push through, a law which creates
a situation inviting peculation.
It of course is not
done
some other object which for
The case which we have
just referred to is one well in point.
To grant to any individual or body of men the right to make and put into
operation any rates it elects would, if Constitutional,
compel a road often to run at a loss.
That means
ruin to the property and hence enforces dishonesty.
The
managers of the road are thereby reduced to the alterfor
any such purpose, but
the
moment seems
for
desirable.
native of submitting to being blackmailed or having their
property greatly impaired
its rivals
endangered
thrown
sibly
if
in value, its
not
into bankruptcy.
are simply trustees,
and
lost,
position
among
and the property pos-
The
officers of
in the case cited they
a railroad
would be in
the condition of being robbed of their trust estate under
It may be said that our
an unjust law.
impeaches the honesty of the Commission.
assumption
cover
No
of
commission
is
beyond the danger of degeneration.
Such a body may be proof against temptation at the
pierced with arrows.
start; but experience has over and over again made it
Of course it is quite possible that the President may clear that it is not safe to bank on a continuance of that
need most urgently some legislation with reference to the state.
Por a like reason we are very sorry that our
Panama Canal. Something of that kind has been stated excellent Governor has seen fit to have a committee
and as both parties are appointed by the Legislature to examine all our life
as a leading purpose for the call
That Act has already led to the
interested in the progress of the work, it is reasonable to insurance companies.
assume that amendments to the law can be quickly rumor and claim that this is to be done to gather a fund
agreed upon and passed. There are large questions, for the next election. We make no such charge; but
however, connected with that enterprise to be settled; the State has had experiences which, if they do not jusand if tlie subject is once before Congress, it may force tify the suspicion, give color to it. Our Insurance
lengthened discussion, exposing wide differences in Commissioner already has as much power over large acviews as wide as the difference in cost and time needed cumulations of insurance capital as it is wise to entrust
to build a sea-level canal and the lock proposal.
Hence to any official. Make him do his duty, if he fails of it
it is by no means clear that the President can get anyat present.
thing out of a hurry call, even on that question.
We can find less to recommend the extra session in Our Agricultural Department has gotten into trouble
the other excuse urged in the paragraph announcing its because it has been given work to do which no body of
coming that it would hasten the rebate legislation. men, however astute, can do with accuracy. If it were
There is no doubt need for action in that particular, not for the fact that the Government endorsement covers
but all the power required to secure a complete the results the Department gives out, and on that acremedy is granted in the Statutes as they already count leads the public to assume exactness for them,
stand.
Instead of using that power our Railroad they would do no harm. But that situation of quasi
Commissioners, we say it with all due respect, have Government endorsement imparts to each report great
folded their arms and are waiting for a blessing to money
speculators
occasions
to
value worth on
fall from heaven, when nothing of the kiud is promised
who can gain knowledge of its character, before its
in the inspired book except to the man who is wide awake public issue, immense sums.
It has very naturally
found indoing his utmost with the advantages he already pos- so
there
that
have
been
happened
sesses.
Therein is a common error.
We know no siders with this valuable commodity within their
official
board
apparently
so
and irrevocably af- knowledge who have made merchandise of it, and those
business revival
might be well represented by a heart
;
—
—
—
flicted
with
this
disease
as
They
our
Inter-State
Eail-
to
whom
they sold
it,
have made fortunes through the
shrewd use of the figures. All this is possible simply
the idea
of
making rates and enforcing them because the body of men, we repeat, accept what is called
on railroads, whether just or unjust, according to their the Government report as if it were the truth, .the
sweet will, and it is a moral impossibility that they whole truth and nothing but the truth. That this
road
Commissioners.
conceived
years
ago
JULY
THE CHRONICLE.
29 1905.]
contrary
is
this
week proved.
neap the
'
of
correspondents
of 11-4 per cent
2,
previous year's planting
the
each
in
public
the former
—
revision
this
It merely stultifies
taken
estimates, correcting
to
make them
our cotton
in full in
We
have
report to-day.
to
its error,
has
It
did.
state
We
from
the
first
been
in the issue of nearly every year
that the figures given could be no
tions.
have likewise said over
more than approximaand over again that we
could find out and disclose the character of the trend or
tendency of the planters to increase or decrease the area
put down to cotton, and
we
measure the force of that
result,
or by
we
could also in some degree
but
tendency;
the
admitted, never could be estimated
any one short of a census.
genuous
It
exact
by us
seems almost
disin-
Holmes
at his
say "that Mr. Hyde, with Mr.
to
elbow prompting him, made the estimates lower than the
taken from the reports in his hands warranted
facts
him."
If such
case
the
with
a loose, guessing system as that exists,
its
Indeed,
markets.
be
will
it
them
to
of disturbance to the
their
to
amount withdrawn therefrom on
the
interest
so
to
maturity of the
several instalments.
Agricultural developments in the
ft
our custom
minimum
place the bonds with a
will enablo
Department without convincing
the
and then made
Had it
clean breast of it by stating unequivocally that it was
not within the reach of the powers of any man or body of
men to figure out in June a percentage as to acreage
which could be accepted as correct, it would have told the
whole truth and exonerated itself. We began the com.
pilation of cotton acreage reports in June years before
Government
and have such ample resources as
the indemnity, as promptly to restore to the markets the
simply acknowledged
the
it
announced,
will be found that the syndicates are of a character
figure
now
Or satisfying any one.
*
details of the loan negotiations are
and the
planting the current season
of 11-9 per cent instead of 11*1. per cent.
given
it lias
who are willing to express an opinion are satisfied that
when the amount of the indemnity shall bo settled upon
arrange the terms of payment for the securities, and of
State so as
total reductiou in the
out a
re-
June
made
reports, revised
the error
Southern
its
same
of June, and which were
first
decrease on
those
the
has
itself
used as the basis
acreage report
its
takeu
has
It
from
obtained
ports
the Department
fact,
to
claim
175
results
is
worse than we supposed
it
quite favorable and the outlook
been
grain crops
latterly
leading
Last Friday and Satur-
very promising.
is
for the
day there were sensational reports of damage from black
spring wheat, and
as a consequence wheat
advanced and stock prices declined. But
prices sharply
by Monday it became apparent that there was little real
ground for alarm, and grain prices receded again, while
the stock market recovered and has been steadily gaining
rust
to
strength and developing buoyancy ever since then.
came
Tuesday there
the usual
On
weekly report of the
&
Crop Division of the United States Weather
Bureau having this to say concerning the damage to
"Spring wheat has continued to advance
spring wheat:
Climate
Although black rust is reported in scattered
localities in Minnesota and the Dakotas, no material
damage is shown, and with favorable weather conditions
seiious injury is not anticipated."
The Bureau also reported rapid growth of corn as the result of last week's
extremely hot weather and stated that the corn crop, as
a whole, was in " excellent condition." Harvesting of
oats was stated to be well advanced with that crop also
favorably.
generally in " promising condition."
advices
was.
West have
The
then concerning these
since
tenor of the
has been
crops
equally assuring.
A BerHn cable on Thursday stated that in view of the
probability of an early peace between Eussia
After the recent lull in the iron and steel trades, signs
and Japan,
which are presumed to involve the pay- of decided activity are again apparent and all the accounts
ment of a heavy indemnity by Russia, the financiers of speak of a large influx of orders. The best evidence of
Europe have been conferring as to how this indemnity the change which has oecurred is furnished in the adthe terms of
can be raised and paid with least friction in the monetary
The Mendelssohns of Berlin
communicated with the leading fin-
vances that have been established in prices.
we review
markets of the world.
quent article
have,
for the first half
it is
asserted,
ancial institutions, both on the Continent
They
to
are about,
Xew York
it
is said, to
and
in' England.
send their representatives
with the object of enlisting the cooperation
of the larger financiers of the United States.
The same
In a subse-
the statistics of iron production
of the current calendar year, and point
out that the figures show a total of unprecedented pro-
The favorable
portions.
the United States Steel Corporation for
ter
is
further
week by
June quar-
report submitted this
the
evidence of the great activity of the iron
The
dispatch added that Mr. J. P. Morgan, prior to sailing for
and
2sew York, conferred with a number of financiers in
reports
London with
ordinary repairs and renewals and also the fixed charges
same matter.
There is as yet no movement in the discount markets
at any of the great European centres that would indicate
active preparations such as would be necessary for the
reference to the
accumulation of funds
the
amount
could not be
for
that will be required
disclosed
Of course
unknown and
such a negotiation.
until
is
as yet
Japan's
demands are
an-
nounced and Russia's acceptance is proclaimed. Yet, the
probable magnitude of the payment would seein to make
it especially needful that Russia should have some assur-
steel
industry in
1905.
net earnings (after
Steel
Corporation
deducting expenditures for
June quarter this year
of 830,305,116, as against $23,025,890 in the March quarter and $21,460,032 in the December quarter, and comparing with only 819,190,725 in the June quarter of last
year.
In fact, the amount does not fall so very much
short of the extraordinary total of net made in the June
of the subsidiary companies) for the
Copsidering the
quarter of 1903, namely 830,642,308.
results by
progress
months
it
is
seen that there has been steady
towards higher totals
all
through 1905.
In
January and February the amount of the net was resyndicates, that when her assent shall be asked for to the
spectively 86,8 10,847 and $6,629,463; in March and
payment of the indemnity the terms to be exacted by such April, $9,585,586 and $9,037,925; while for May and
syndicates will be known and will be reasonable; otherwise June the amounts are respectively $10,602,187 and
ance beforehand, through the preliminary formation of
Russia might, because of that uncertainty alone, hesitate to comply with Japan's demand.
Bankers here
$10,665,001.
were issued
it
When
will be
the figures
remembered
for
March quarter
Judge Gary, the
the
that
THE CHRONICLE.
476
[Vol. lxxxi,
was quoted 030 over and above the requirements for the 4-per-cent
as saying that the March net ($9,585,586) might fairly dividend on the first preferred stock, and after an approbe taken as indicative of what the monthly results were priation, moreover, for additions and improvements in
likely to be in the June quarter. Actually it will be seen amount of $1,540,320.
For the eleven months to May
hairman of the company's board of
directors,
the March figures have been considerably exceeded.
We
notice a disposition
quarters
certain
in
lay
to
on the fact that the aggiegate of unfilled orders on
hand June 30 was smaller than on March 31, the com-
31 1905 net earnings have been better by $204,731 than
for the corresponding months of 1904.
stress
parison being 4,829,055
5,597,500
against
tons,
tons.
There was no change in official rates of discount by
any of the European banks this week, and, compared
with last week, unofficial or open market rates were
In view of the quieting down of the iron trade in May
and June the fact would have little significance in any firmer at London and in Germany and easier at Paris.
The most notable feature of the statement of the Xew
«vent, now that the iron and steel trade is again revivwe find that a York Associated Banks last week was the quite small
ing.
But on looking into the matter
diminution in the aggregate of unfilled orders is a quite net gain of $21,700 in cash. The loans were expanded
usual occurrence in the June quarter and in much $19,058,000 and the deposits were augmented $18,380,larger degree than
3,192,277
unfilled orders from 4,130,901 tons to
the
in
But perhaps
tons.
Last
reported.
accepted
this will not be
as conclusive, since 1904 was a year of depression in
Going back, however,
the iron trade.
4,000,578
to
to
1903 the same
year be-
that
in
having been from 5,410,719 tons
The
tons.
decline
the
falling oft is observable,
tween March and June
noteworthy fact with
really
reference to the unfilled
orders
that at 4,829,G55 tons the
amount
June 30 1905
for
is
is
surplus reserve decreased $4,573,300, to $14,-
usual policy of making
its
reflect,
among
other items, the transfer hither of $200,000
from San Francisco through the Treasury, and hence to
New
Orleans of $300,000.
The surrenders
response to
the
funds
public
of
to
the Treasury in
of April 5th appear
call
now
to
have
been entirely completed, there remaining unpaid at the
of the last instalment, which
only $71,000
report
last
was due on July 15th.
The money market was easy
the net earnings on such a large scale, the Steel
Corporation has followed
bank statement should
This week's
the largest for that
date of any year in the company's history.
With
The
000.
was a decline between March 949,950.
jear, for instance, there
and June
now
decrease
the
large special appropriations out of the
same
ments, additional property,
Besides the regu-
etc., etc.
lar provision of $5,009,503 for depreciation
improve-
for
and reserve
loans on call
tions at the
ers'
this
week, not only
but for those for fixed periods.
Stock Exchange on
call,
for
Transac-
representing bank-
balances, were at 2 per cent and at 1^ per cent, and
principally
at the former
rate.
minimum, but no
the
cent as
Banks loaned
loans were
at 2 per
reported by
funds and contributions of $1,049,523 to the sinking trust companies, these institutions being out of the marfunds, the company has this time placed $1,000,000 to ket because of inability to place their balances at better
the credit of the special improvement and replacement rates than they were receiving therefor from the bank
fund and
set aside
$5,000,000 on account of "appropria-
tions for additional property, construction
and discharge
of capital obligations" and $2,500,000 more for contemplated appropriations and expenditures. In other words,
the special appropriations for the quarter amount
to
Loans were made each day
depositories.
at the above-
quoted rates, with the bulk of the business at 2 per cent.
There was no inquiry
days,
it
being
no amply supplied
for loans for
expected
that
the
with money on
sixty or for ninety
market would be
call
for
these
peri-
more than the amount ods; therefore quotations were nominally 2f per cent
represented by the quarter's dividend on the preferred for the former and 3 per cent for the latter dates.
After deducting both Quotations on good mixed Stock Exchange collateral for
stock, which is only $0,304,919.
the special appropriations and the preferred dividend, a four months were 34/2>3£ per cent; for five months,
surplus still remains for the quarter in the sum of 3£®3§, and for six months 3|®4 per cent, with some
loans for the last-named period on choice dividend
$3,070,081.
Commercial paper was in good
security at 3f per cent.
The prosperity which our railroads are enjoying is demand, while the offerings were moderate, and rates
than $8,500,000.
less
This
is
strikingly indicated in the action
the
management
of the Erie
taken this
week by were 4®44; per cent
Railroad in declaring a
The
dividend on the company's second preferred stock.
new
or
dividend
increased
panies in previous
general trend, but
receivable,
4®4^
sixty
to
ninety-day endorsed
per cent for prime and
4J®5
per
cent for good four to six months' single names.
declarations by other com-
weeks were
we
bills
for
all
think the Erie
significant of the
case
will
attract
The Bank
changed
at
of
England
2£ per
cent.
rate of discount remains
The
un-
cable reports discounts of
more attention than any of the others, since it is not so sixty to ninety-day bank bills in London If ®1£ per cent.
long ago that the Erie was a thoroughly discredited The open market rate at Paris is 1£®1^ per cent and at
According
property, giving, therefore, to its present dividend record Berlin and Frankfort it is 2J©2| per cent.
The first preferred stock of the to our special cable from London the Bank of England
greater importance.
company has had larger or smaller dividends for lost £254,232 bullion during the week and held £38,Our correspondent
several years, though not until 1904 was the full 4 021,410 at the close of the week.
per cent paid even on this stock.
The declaration further advises us that the loss was due to exports of
just announced on the $10,000,000 of second preferred £270,000 (wholly to South America) and to receipts of
'
stock
is
shares.
for
4 per cent and
As
a
matter
of
is
fact,
could have been paid the
been deemed prudent
to
do
the
first
ever
made on
£10,000 net from the
interior of
Great Britain.
however, this dividend
was strong early in the
the fiscal week, influenced by cheaper money, a demand for remit$1,090,- tance and also to cover short sales of exchange and by a
previous year, too,
so.
these
The
report for
year ending June 30 1904 showed a surplus of
if it
had
The
foreign exchange market
.
July
THE CHRONICLE.
29 1905.]
9
limited supply of bankers and commercial drafts.
Wednesday, when
was
recorded, there
manipulation
to
the
result
by a partial
commercial
ot
week against
iu the previous
had been held
that
those which had been
ot
8460, and grain
I
money on time
and
also to the
and
thereafter,
and from the
to
The
demand
and
for remittance,
speculative sales
temporary torn
be
to
movements
v.
Currency
Gold
Total
l.im
irold
With
nnd
Ipcnl tendero
covered
ing to a
sharp
$2 90
very
finance
exchange
ot
short
bills.
Info
Total
tiold
and
ictr::.!
for
contribut-
Bank
Ualn. $4,829,000
Loss. 1,000.000
tenders
.
$82,429,000
.
29.100.000
Gain. 43,828
J2,90i
day and
following
the
After
the
but chiefiy because of
incident to the semi-monthl
v
to
bullion in
of
Juli 28
Gold.
a
sub-
demand
London
a
on the
settlement
KH
1
of
England
urgent
in sight
as
is
26.800,000
129,000
The following table indicates the amount
a the principal European banks.
Silver.
Total
Gold.
X
X
£
38.021,410
34,668.60
demand, the market was subGermany..
jected to manipulation, which resulted in a somewhat Unssia
Atlvt.-ilUD.
feverish decline on Thursday, though the tone later grew SpMn
steadier.
Cables were affected, partly in sympathy with Italy
movement
i
25.200,000
36.021, .lln
the
-
Set Change in
Hank Holdings.
Banks.
1005.
Hunks Interior movement as abov<
117.335.021
of the
410,000
iln
.
lesult
Out of
Banks.
Week ending July 2S
in-
...
sidence
18.911
aud they
loss
contracts,
"Wednesday.
on
tone
strong
i
Sub-Treasury operations the
the
M
on
«aln.
Gain.
694.000
9,000
,r,
iollows.
this condition of
ct
apprehensive
their
rise
M
18.206,000
rjoo
Interior
tifl
\.
$8,125,000
monej
of
banks.
Shipped bi
v Ranki
h\i
\.
July 27 1005.
promptly
84$.
I
cause those bankers and others
the market appeared to
who had made
Rece red
1905.
Monday was accompa-
firmer tone for exchange on
nied by a
six months' periods,
drawing
from
refrain
to
&4£<a
1
New York
bv the
interior
Week ending Julu 28
this
with the easier money rates,
dratts. which, together
payment,
previous week, in ninety-day
in the
fall,
duced bankers
and
for the three
l
TTie following gives the week's
decrease in their volume was attributed to the easier tone
for
tor
sales tor export ot the staple
that day or
on
finance bills ottered
banks,
i
drawn
higher prices. There were ver\ lew
for
on
I
lulls
against cotton than were expected, the decreased supply
indicating the absorption
4 8450^4 8460, and
84*2
doonments for payment,
Cotton for pay84§.
ment, 4 84</ls|i, cotton for acceptance,
8450'2)
Commercial
cables.
develop on .Monday
to
smaller offerings
ot
it
market, followed
the
The firmer tone began
recovery.
ns
a sharp decline, due.
oi
week were
was reported,
figures of the
highest
the
After
177
44.252,4
M/f(
158.8:
\',
92.880,001
8,81
17,287,000
12,971.000
60,208,001
48.286,000
12.751
14,873.000
22 .:»5.000
37,868.600
14,326,001
20,416,000
24,108,000
6.882,800
Netberl'ds.
Nat. Bele..
8,327,400
0.249,200
87,435.400
12,032.000
22,852.000
5.475.20C
6,506 800
,590.000
4.788,000
3,050.607
1,526
8,192,000
1
.
i.
t5,0S
Ii',
5,909,000 115.411,0111.
109,532,000
'III,!
£
161,587,470 108,767,468
12.507,000 50,21'.-; mi
35,471.00
37,701,000
r.
14
9
LO
.1
"
3,981
34 742.1
00
2C,3;l 600
"
6
11 .9-1
sob
4.578,000
175
Tot. week... 39S.382.234 109,207.040|S07,B49,280 164,616.940 lll.l
Tot. prev.
395,368.963 109,087,8181504,456.776 308,375. 851 110,417,017
,:..
39
:
was reported that a tew finance
bills which had been emitted in May and would mature
early in August were extended for another period of
Stock Exchange.
It
three months, such extension involving
sight
bills
Gold received
cover.
for
the
at
purchase of
The conference
.Custom Emperor William
the
House during the week. *40,970.
Xominal quotations
firm on
Monday
on Friday of
around
all
for sight.
exchange were 4 85£
The market opened
and, compared with
rates
the close
at
week, there was an advance of
last
— long
4
to
8475®!
between
of
Czar
the
Germany, on
8485, short
5-
has naturally pro-
vided a topic of nine days wonder to diplomatic Europe.
The suddenness with which the meeting was arranged,
the
selection of
a spot remote from outside interference,
the manifest effort to produce the impression of a frank
8045® exchange
4
to
points
and
Russia
ot
the meeting of their
respective yachts in the Baltic Sea,
for sterling
day and 4 87i
for sixty
THE CONFERENCE OF IRE EMFEROh'K
of views unrestrained
by diplomatic formalities
—
4 8650 and cables to 4 8665^4 8675. On Tuesday the
all of these circumstances give wide range to political
market rose sharply, long 5 points to 4 8480'2>4 8490, conjecture. Nor is such interest diminished by the pecushort 10 points to 4 8655®4 8660 and cables 15 points liar situation in which each Imperial conferee at present
to 4 8680 S4 8690.
On Wednesday the tone was quite stands. What must impress the imagination, as regards
,
strong, with long 15
26 points
short
to 4
87^4
to
8705.
points
higher at 4 8495'S
1
8505,
4 8080-2; 4 8685, and cables 20 points
On Thursday rates fell off, long 5
4 8490^4 85, short 15 points to 4 8665®
4 8675, and cables 10 points to 4 8690®4 87. The mar-
points to
ket
for
the Czar's participation in this conference,
of an Imperial
autocrat, hopelessly
world's real knowledge and
impulsively
away from
his
the picture
is
isolated
judgment
from the
of events,
breaking
surroundings and seeking the
only individual of his own rank and traditions on whose
was barely steady on Friday, closing 10 points lower advice he can rely. As regards the Kaiser's participashort and lor cables.
tion, that is peculiarly interesting for this reason, if for
The following shows
daily posted rates for sterling
exchange by some
of the leading drawers.
DAILY POSTED RATES 1-OE FOREIGN EXCHANGE.
Km..
Brown
Brothers
80 dayc
4
87>4
4
87*
b6X
87H
1
87*
v "l*
T"KS..
iwy
<:5.
60 days
SlKtH..
5 00 days
mtx America.. (dlKhi..
Marian & Co
Bank BrltUh
(
'(
of
<SI«ht..
Cana !lan Bank < 60 rtaj-j.
of Commerce. Bl«bt..
Hel^elbach.Ick- S 60 days
eit.einier&C'j. t dt«ht..
Laiard
5 00 daye
tBtaM
..
Turn.
Vi.ll/
KM
B5
.,,
•!'
87*
85*
Kill..
28.
86X
87*
87*
bW.
s*^
~~><
B5M
w«
M
PBH
B7*
K6M
»7«
b"^
85M
lately
arrangements.
When Emperor
shall
been apparent
in
have a larger
diplomatic re-
William went
to
such
length! as he did a few weeks since, iu checking the
French movement in Morocco and displacing Delcasse,
it would be
strange if rather broad inferences were not
drawn regarding his possible purposes in an inter.
85*
87*
4
87*
The purely diplomatic bearing
doubtedly interesting.
iWH
Germany
with the Czar,
87,,
4
that
>u<i,
86«
87*
07*1
determination
hand than has
fcTkf
'
Mercnauti' Bk. JOOdayj
Of an arts
his
85 V$
b'J*
86M
antral
l-rurei
Wr.ii..
lulu 88.
•v'j.fc
4
Barirnr.
Bank
IXUv 24.
Co. (Sight..
J
Sl
MON.
ZuJv 21
no other, that the German sovereign has already shown
BOM
server can without
of the
conference
is
un-
Euiope, as the most cursory oh-
difficulty see, is
in
the
midst
Old
l
alli*7*
87*
M
reconstruction of the diplomatic chess-hoard,
J he
market closed on Friday at
84902 85 tor ance! hare, lor one cause oz another, been in pr<
long, 4 86654M 8000 for short and 1 8080^ 1 8696 for disintegration.
Where, not many years ago, Germany,
<
<.
1
|
THE CHRONICLE.
478
Austria and Italy on the one hand, Russia and France
ion the other, represented Continental
land being more or
affiliations
a state of isolation
less in
— Eng-
—to-day a
J
[Vol. Lixxi
would probably solve more effectively than any living
monarch, should be given in confidential intercourse by
that sovereign to
the occupant
of
the
Russian throne.
if
For ourselves, we strongly incline to the belief that the
was profi- unhappy Czar sought the interview in a kind of desperaEngland
tably convinced, by incidents at the close of 1895 and the tion; that he had utterly lost faith, as well he might, in
[beginning of 189G, that it behooved her to lose no time himself, in his advisers, and in the entire circle immediately about the throne, and that this recourse to his
|in providing against Lhe isolation which at that time
confronted her.
Threatened at that period with the ill- Imperial neighbor was an impulsive and not unwise prowill alternately of the United States, of Germany, of cedure to obtain the truth from some one who was sure to
France and of Russia, with "war-talk" actually in- know it, and whose opinion, under the circumstances,
dulged in by all four, it is not to be wondered at that could be trusted.
Suppose, as we believe to be entirely probable, that
British statesmen set themselves carefully at work regaining the good offices of the neighboring States. the German Emperor did advise the Czir to yield to
[How slowly, patiently and deliberately this policy Japan's requirements and to the reasonable demands of
,was pursued, is known to every reader of recent diplo- his disaffected subjects what outcome should one look
matic history. The upshot is that England has shaken for ? It is always possible that the irresolute Russian
wholly different grouping of the nations
is in
|not already definitely effected.
progress,
itself
i
'
—
with
|
Italy;
that
own new understanding Emperor, once back again at his Imperial headquarters
replaced the already weakened may again fall under the influence of the Court cabal,
through
jthe Triple Alliance
has
it
its
by its entente with France, and which has already used him to such evil purposes. This
is a possibility, but its probability we greatly doubt.
'in addition has entered on more or less formal relations
Events have for the time quite superseded individuals,
of amity with Japan and the United States.
These are the fruits of a definite and unswerving and it is hardly conceivable that the perplexed and be-
[Franco-Kussian alliance
;
Much
them would no doubt have been im- wildered monarch, when once the veil is fairly torn aside
But how- which hid from him the real panorama of the outside
ever this may be, it could hardly escape the notice of so world, and when he could not fail to see that the view
experienced a diplomat as the German Emperor that, in thus gained explains the very facts which had previously
the disintegration of these old alliances, Germany's perplexed him, would of his own choice fall back into
position of influence in the balance of power in Europe the mental fog which seems so long to have beset him.
policy.
of
practicable but for the Russo-Japanese war.
=was
slipping
visibly
from
The
her.
may reasonably be supposed that conclusion of peace
pretty much on the terms exacted by Japan and a gen-
demonstration It
month ago, though successful in its immediate purposes, was abortive in regard to these inter- uine grant of political reform to internal Russia would
national relations.
The Anglo-French entente, for have come without the interview with the German EmBoth might have been delayed, however;
Whether more peror.
instance, was only strengthened by it.
will be accomplished through a closer affiliation with whereas, taken in connection with the movement of
the Russian Government is another question; but the events, the interview has probably made the matter
against France a
.question is not so simple as has been
taken for granted certain.
As
For one
thing,
it
of that conference.
that exchange of confidences the world
ance.
Versions have,
semi-officially,
what
on the question
depends very largely on the nature of international alliances, of the cordiality between the
As to what was actually the gist of German and Russian sovereigns, that is something which
in discussions of the Baltic conference.
it
true,
is
by the Foreign
is still
in ignor-
been given out, even
Offices.
They
are some-
to
will be the future bearing
cannot so easily be determined.
ticed, still
Russia, let
it
be no-
remains bound by her treaty with the French
Republic, and, indeed, by the
immense
financial favors
what
conflicting and obviously diplomatic.
St. Peters- which the bankers of France have extended to Russia's
burg declares that the German Emperor asked the Czar Government. Actual transfer of these formal diplomatic
Berlin reports that the Czar had applied pledges by the Russian Government from France to
to meet him
for the interview with the Kaiser.
The German capital Germany would be an act of questionable faith which
;
gives out the
report that the
German Emperor
strongly
at the present juncture
is
quite inconceivable.
Never-
—
advised the Czar to yield to Japan's demands advice theless, the European situation is of a nature so peculiar
which we should call, under existing circumstances that the diplomatic mind will watch with keenest inter6omewhat superfluous, more particularly t hat he strongly est for the new developments.
jrecommended large concessions to disaffected statesmen
at home and an urgent effort to restore by broad concessions Russia's internal equilibrium.
If this was
burden of the German Emperor's
advice, its results may be entirely useful.
With all his
faults, chiefly arising from an impulsive nature, the Ger-
METHODS FOR ASCERTAINING THE
PROFITS OF CORPORATIONS.
the
There
is
again considerable discussion of the question
of the proper
way
to
prepare a statement to show the
;man Emperor has throughout his reign displayed two profits of industrial and manufacturing corporations.
admirable qualities one, the same willingness which the With the growth in number and in magnitude of this
great Frederick always showed to learn from any source class of concerns and the prominence assumed by their
what the real opinion was among his own people and in securities on the Stock Exohanges and other public marthe world at large; the other, to direct his own policy kets, the subject is an ever live one and the accounting
—
j
j
|
always, in such matters, along the line of least resistance.
These are the qualities which are conspicuously lacking
methods to be pursued in the computations of their
profits become a matter of great moment.
in the unlucky Czar. It would be clearly, then, a matter
It has been obvious from the very first that in this
of no small importance if advice on problems which the regard industrial corporations must be considered as beGerman Emperor, were he in power at St. Petersburg. longing in a wholly different category from railroad
O)
—
July
THE CHRONICLE.
29 1905.]
The
companies.
fact that publicity
is
the ruling policy
4?<)
On
vation.
this veiy question
as
what extent
to
it
is
where more or less secrecy is the custom permissible, if at all. to anticipate profits, the reasoning
()1
C0UT86, cases where tho
with the former, is not the whole or the only reason for is sound and conclusive.
already been contracted lor at an agreed
In the case ot a railroad company, goods have
the distinction.
statements oi receipts and expenses would alone and in price are not analagons to those where tin' profits are
themselves furnish a pretty fair guide to the condition oi entirely contingent upon a possible sale iu the future,
with the
latter,
tilings
— the
traffic
and the
and the character of
location of the road
known
rates received being already
its
in a
In the case of manufacturing corporations,
general way.
however, while on the one hand returns of gross receipts
sometimes because the
are not infrequently withheld
—
manage nient does not believe iu dealing frankly with
the public and the security holders, but more often because
guard business secrets
ot a desire to
lint
even where there are definite contracts, the writer of
the paper suggests caution,
best
it
have been actually
profits until they
that
deeming
not to count
lie notes
realized,
quite a frequent practice where contract
it is
extends over long periods of time,
into account
the cost for
some portion of the
any period, and
—
on the other cannot be any objection
work
estimate and bring
to
profit proportionate
to
principle he thinks there
in
adoption
to the
oi this practice.
where the gross receipts are furnished, it On the other hand, it is undoubtedly more conservative,
would be venturesome to predicate much on them alone he ventures to assert, not to take credit for any .such
An added
or on the relation disclosed between them and the net profit until the whole contract is completed.
hand, even
with other years unsafe
are comparisons
Particularly
many
because vaiiations are certain to be found in so
]
realize a profit
may,
admitted that
the
market
In
depreciation
the
ro /.nets,
value
large
&c.
sitccessive
with a railroad concern any person of sound
brief,
sense and average intelligence can judge pretty well for
himself from the printed
as
reports
company may be doing and what
to
is.
Quite the contrary with an industrial corporation; there
he will probably always have
accountants
the
enlightenment
for
— barring
but
if
result in a loss.
upon
provided
of course
said,
may
i3
less cost thereof, the rea-
apparent.
Still
if
esti-
on pending contracts are to be taken into
made on an
the account, then they should be
and, further, estimated
servative basis
It
the accounts are stated on a
work completed
of profits
fully
rely very largely
to
the end,
sons for the fluctuations will be
what any given mates
general situation
its
periods;
of total
basis
in
to
more conservative course may cause
in the amouut of profits shown for
inequalities
the
in
&c,
hand,
on
goods
the
of
appreciation
or
what was originally expected
that
with the result
material, the prices of the
raw
the
of
juices
the
—
that unforeseen contingencies
is
are continually arising during tho progress of the work,
for instance
other elements that enter into the accounts
iu
course
reason for this
receipts.
Neglect of
for.
ultra-con-
should be
losses
this precaution,
is
it
well
easily lead to disaster.
Another question that comes up is as to the treatment
where information is voluminous and where the course of accounts and bills receivable. Profits cannot be definof the trade itself is a matter of daily and widespread itely ascertained until they have been converted into
discussion.
This makes it of great consequence that the cash or into some recognized form of negotiable instruunderlying principles to govern the work of the account- ment of definite and fixed value but as the usual praccompanies
the
like
United States Steel Corporation,
;
thoroughly
be
should
ants
and
understood
clearly
tice is to consider the
and the amount of the
place,
deli tied.
Perhaps the most comprehensive recent discussion of purchaser,
the subject
that contained in the paper read before the
is
Congress of Accountants
at St.
Arthur Lowes Dickinson.
instructive way, while
not
Louis
This treats the subject in an
being at
all
reprinted in pamphlet form and contains
ing suggestions and reflections.
if
the
dogmatic
in its
many
interest-
In a broad way
it
may
balance sheet at the beginning and
essential
to
sale price
takes
charged
is
sale
to the
an exact determination of
profits to ascertain, as far as possible, if the
obligation
is
good
for the face
purchaser's
value of the charge made.
Mr. Dickinson urges that the conservative and safe
make a reserve sufficient to provide for all
known to be of a doubtful character, or to build up
course
The paper has been debts
conclusions or in enunciating rules.
be said that
September by
last
is
it
when a
profit realized
is to
a general reserve fund against such losses on the basis
of a percentage on the sales of each year.
Still
another question concerns
the
valuation
be
to
end of a period are entirely accurate, the increase or de-
put on stocks on hand, including raw materials, work in
crease of the surplus, after allowing for
progress and partly finished and finished products.
distributions of
during the interval, represent the true profit or
profit
for the
But
period.
loss
the question whether the balance
sheet has been accurately piepared
precisely the mat-
Mr.
Dickinson does not exaggerate when he says that one of
the most difficult
questions which accountants have to
and valuation of stocks
ter upon which the whole case hinges.
Has there been on hand. He lays down the rule, which is generally
adequate allowance for depreciation?
Has there been accepted as sound and which also prevails quite generally
proper valuation of the assets?
Has there been allow- in practice, that the cost value or the market value is to
ance for possible bad debts?
Have the products upon be taken, whichever is the lower. He also goes into a
which
hands
computed actually passed out of the
the producing company and been taken over by
are
profits
of
is
a purchaser or has there been simply a calculation of the
profit!
which
chasers
may
it
is
expected
be found?
to realize later
It will
be remembered that the
American Malting Company pursued
<H itfa
on when pur-
to pass in
review
all
it
will not be possible
the contentions in the paper refeired
but there are certain general conclusions of uni\'
application which it is possible to accept without reserto,
the correct enumeration
is
may
consideration of what expenditures
with
propriety
be charged to capital account rather than against profits,
and he deals quite at length with the matter
He
valuation of capital or fixed assets.
tion that
it is
for
a
and
this latter course
what result every one knows.
Obviously, in the present article
decide
tools,
charge
profit
includes
of
takes the
posi-
on real estate, buildings, plant, machinery
is
it
with a loss arising out
such items as long
purposes
the re-
not proper for a corporation to take credit
nor on the other hand
itself
of
the
among
as
they are
busineS8.
its
objects
in
necessary for
oi
re-valuation
actual
use
il
the
purchase
an<
OI course,
the
a
it
'.<<r
<<f
IttB
UUS1D
of
THE CHRONICLE.
480
assets of this class, they should
considered not
then be
as Fixed, but as Current or Circulating Assets, being, in
fact, stock in trade,
turning over of which
the
ex-
is
pocted to result in profits or losses to the company.
Speaking generally, the following accounting
ples
are laid
down
as sound for the
determination of
(1) All waste, both of Fixed and Circulating Assets,
incident to the process of earning profits by the conversion of Circulating Assets must be made good out of the
profits earned.
(2) Profits realized on sales of Fixed Assets should be
first applied to make good, estimated depreciation (if any)
in other Fixed Assets not resulting from the ordinary conduct of the business.
If there is no sucli depreciation,
such profits may be distributed as dividends, but should
be distinguished from operating profits.
sulficient surplus should be accumulated (in ad(3)
dition to the provisions required to maintain Wasting
Capital Assets under Clause 1 ) for the purpose of making
good losses due to shrinkage in values of Fixed Assets
arising from causes other than the ordinary operations
of the company.
A
We
exception there has
do not believe that objections will be seriously
againtst any of
the
foregoing principles, and
they shall be consistently and faithfully adhered
to,
if
definite
standards will be provided for gauging the value of in.
dustrial securities, thereby
promoting confidence in such
and placing them in public estimation on a
more enduring basis than any yet reached. At the
same time some of the scandals and disappointments
securities
experienced in the past will be avoided in the future.
make
namely
half-year,
the
was only 9,707,307
1903, the output
much
of iron reached as
brief,
With that
half-year when
in the first half of
the
make
of iron in
1905 was much the largest of any
half-year in the country's history and larger than that of
any whole year prior to 1898. In the following we show
the output by half yearly periods back to 1890.
first
six
months
of
PRODUCTION OF PIG IRON IN HALF-YEARLY PERIODS.
1896— 1st
2d
1897— 1st
2d
1898— 1st
2d
1899— 1st
2d
1900— 1st
2d
With
Gross Tons.
4,976,236
half
half
half
half
half
half
half.
half
half
half
1901— 1M;
Gross Tons.
7,674,613
half
2d half..
:j.t;}'.,S!ji
4,403,476
5,249,204
5,869,703
5,904,2311
8,20.'J,741
1902— 1st
8,80S,/>74
2d
9,01-' 733
9,707.367
8,301,885
8,173,438
8,323,595
11,163,175
half.
half
1903— 1st half
2d half
6,289,16711904— 1st half
2d half.
7,331,536
7,642,569 1905—-1st half
6,146,673]
and particularly considering the reactionary tone observable in the closing months of the halfyear, there has been no large accumulation of stocks.
Mr. Swank's statistics of unsold stocks do not include
Pig iron manufactured by rolling-mill owners for their
own use nor do they include pig iron in the hands of consumers.
The stocks which were unsold in the hands of
it all,
manufacturers or their agents, together with the iron
American Pig Iron Storage
Warrant Company, amounted altogether on June 30
stored in the yards of the
1905
to
539, 2G9 tons, which compares with 446,442 tons
on December 31 1901, 623,254 tons June 30 1904 and
While
598,489 tons December 31 1903.
the
92,827 tons more than at the close of 1901,
COUNTRY'S ENORMOUS IRON PRODUCTION
AND CONSUMPTION.
half of
first
as 9,000,000 tons, as
produced
In
the current calendar year.
lxxxl
tons.
been only one other
against the 11,103,175 tons
the
profits.
raised
very best previous
the
princi-
[Vol.
it
will be observed,
There was a time,
amount
it is
is
smaller,
than at any of the other dates named.
it
true,
is
during
active period
the
But it
to 1903 when stocks were almost nil.
The official statistics of iron production for the first is to be remembered that these figures relate simply to
half of the current calendar year in their usual elaborate
visible stocks.
It is generally admitted that durform have this week been made public by Mr. James M.
ing May and June consumers refrained from buySwank. And a remarkable story they tell. Every one ing to a considerable extent
and from replenknows
industry in this country has been
that the iron
and that during the last
months new records have been made time and again,
advancing with rapid
six
strides,
only to be broken with
still
higher records at the next
But one hardly
succeeding period.
from 1901
depleted
ishing
supplies,
so
is
the chief consideration bearing
future of the market.
Or, to
now
that
And
consumers' hands are at a low point.
put
stocks
in
this, after all,
upon the immediate
the
situation in the
appreciates the ex-
way stated by the "Iron Age"' a few weeks ago, the
and magnitude of the progress made until one furnaces are now carrying as a visible supply a conobtains and examines the combined figures for the whole
siderable amount of metal which, under ordinary cirsix months.
So much stress has been laid upon the dis- cumstances, would be in consumers' hands. We furnish
appearance during May and June of that extremely buoybelow a statement to show the production of pig iron
ant spirit which prevailed in the earlier months, that one
making it and furnishing
tent
according to the fuel used in
is
very apt
temporary
to
overlook the fact that notwithstanding this
make
lull the
a tremendous scale
The matter
is
—
of iron has been proceeding on
far in excess of all previous periods.
of increased importance,
now
orders being once
Mr. Swank
for
a long series
of years past.
PRODUCTION OF IRON ACCORDING TO FUEL USED.
that accounts
regarding the iron and steel trades are again getting
favorable, a pretty good buying
also comparisons of the visible stocks
demand and
considerable
more noted.
complete reports of the production of pig iron have been received by him from every
states that
First Six Months.
1904.
1905.
1903.
1902.
1901.
Bitum. coal & coke. 10,162,488 7.337,279 8,401,001 7,882,732 6,597,379
Mixed anthracite and
607,624 1,046,461
coke
815,028
733,740 865,024
|
Anthracite alone
Charcoal
Mixed charcoal &e'ke
Total
15.17S.
11,163,17;
S,
26,261
213,356
15,147
170,512
232,717
927
186,098
6,004
194,231
17,979
173, 435 3,707,367 8,808,574 7,674,613
blast furnace except one small charcoal furnace the out-
put of which had to be estimated.
tion
for
the
first
half
of
He gives
1905
the produc-
at
no
less
can be judged when we say that in the last
half of 1901 the output had been only 8,323,595 tons
the
first
half of 1901 but 8,173,138 tons.
In
other words, as compared with the second half of 1901 the
increase has been 2,839,580 tons and
the
first
half of 1904
as
2,989,737 tons.
623,25-3
446,441
126,301
598,489
30,861
49,951
374,129
73,647
than
The magnitude
of this total
in
539, 26?
December 31
11,103,175 gross tons of 2,240 pounds.
and
Unsold stocks
June 30
—
In above stocks are included amounts reported held by the
Note.
American Pig-iron Storage Warrant Company.
The foregoing
illustrates
in a graphic
way how
strik-
ing and large the increase in the output has been the
The expansiou has followed in very
last six months.
compared with large degree from the great increase in the output of iron
The " Iron Age " gave some
Indeed, in the by the steel companies.
(
July
THE CHRONICLE.
29 1905.]
weeks ago which are worth
The aggregate of the a Age's " monthly
481
figures on this point two
reproducing.
i:.\Th'.\VAGA.X<
I'
GREAT BRITAIN,
IX
for
Bankers in London, Mr. Edgar
Speyei delivered an address some weeks ago on aspects
the fact that our contemporary's compilations never in-
of national finance as they presented themselves to him.
totals of production agrees
very closely with the results
Mr. Swank, allowing
half-year by
furnished for the
Before the Institute
of
1
make
by the charcoal furnaces, lience,
these figures of the "Age" bearing upon the make of
iron by the steel companies will answer very well for
clude the
of iron
Here
purposes ot illustration.
Besides the production
our contemporary.
as given by
companies
of the steel
table referred to,
the
is
indicates the.
it
consumption of
the merchant furnaces (arrived at by taking the produc-
allowing for the changes
furnaces and
tion of such
same
their stocks) for the
in
2.2*0 lbs.
First half of 1904
Consumption 0/
Companies. Merchant Product.
Second half
1905
It will be
tons in the
second
the
seen
first
from
this
sumption
of
half of 190 L and 5,332,628 tons in the
companies
in
of
when
inquired of
months ago, that the root
troubles and one of the main
reasons lor the growing excess of imports over exports,
extravagance — national, municipal and
finds that the national
individual.
expenditure in the
last
J
is
I
c
decade was
1,440 millions sterling, in contrast with 902 millions in
the last decade previous; further, that the net expendi-
was 728
millions
in,'
the decade ending March of 1886, 754 millions in
the decade ending March of 1896, but in the decade
millions.
that as against 4,863,028
own
English financial
of present
ending March of 1906
1905 was 7,018, 7SG tons. The conthe merchant furnaces (all the iron made by
half
he expressed
York, some eighteen
3.87S.517
half of 1904, the output of the steel
first
Xew
3.090.121
3.1S3.214
4.863,028
5,332.628
7,048.786
of 1<>04_
half of
First
Steel
ol
in
confirms the opinion
ture for purposes not reproductive
half-yearly periods.
Iron Output of
Tons
He
Municipalities
it
he not less than 1,291
and individuals have
been extravagant, the
turn
will
in their,
aggregate expenditures of
the former having been approximately 1,270 millions in
the last ten years, against 737 millions in the previous
The money has been spent on the army and navy,'
ten.
in beautifying
towns and houses, on eating aud drinking,
1
and on luxuries generally. This statement might be'
Moreover, as was pointed out made more strikingly dismal by adding to it (what Mr.
the steel companies
is for
much slower rate.
by the "Age " at the time,
at a
their
use) has progressed
the production figures
alone
Speyer does not mention) the very recent declaration oi
Lord Eoberts that tl the lessons of South Africa have
ness of the steel companies, i^ot only did their own iron been forgotten and I have no hesitation in saying that]
product increase from 4,863,028 tons in the first six our armed forces as a body are as absolutely unfitted and'
months of 1901 to 7,018,786 tons in the first half of unprepared for war as they were in 1899-1900." The'
1905, but in addition, during the greater part of this result of extravagance, Mr. Speyer goes on to say, is
that there is little margin left for investment in the;
latter period the steel companies purchased very considdo not reflect in
the increased activity of the busi-
full
erable quantities of merchant
own
iron
In the light of such figures the very favor-
output.
able report submitted the present
States Steel Corporation
To what may
steel
is
not
demand on
country.
largest
When
is
due
the railroad industry
is
ap-
to the re-
the part of the railroads.
consumers of iron and
steel
and elsewhere. The capital investments abroad;
which have been returning so large an income have
colonies
late, because the money has been spent at
The excess of imports over exports in 1903
reached the huge total of 183 millions, compared with
stopped of
home.
understand.
The answer would
?
The transformation
pear to be simple.
latter are the
week by the United
difficult to
the wonderful increase in activity of the
companies be attributed
vival in the
supplement their
to
81 millions in the later eighties.
Mr. Speyer believes Great Britain
spending more
is
These per capita than any other great nation except France.
in the He finds an instructive example of the bad effect upon
depressed, so
is
trade in the fact that while in 1870
the railways paid in
During 1903 the railroads rates and taxes about 2 per cent of gross earnings and
were forced to practice extreme economy, and by reason of 2-81 per cent in 1890, the ratio was 4-23 in 1901, and
the great shrinkage in the value of their securities which will be still higher in 1905; compare rates and taxes
occurred during that time, and w hich so seriously under- with net instead of gross receipts, and the ratio was
mined confidence, they were unable to float new loans to 3-82 in 1370, 4-70 in 1880, 8-58 in 1890 and 10 in 1904,
any extent or to borrow freely even the strong- and if income tax is included the last ratio will rise to
est
and best of thpm. During 1901 the situation 15 per cent.
again changed.
This is a pessimistic view.
The railroads no longer have any
So far as it is sound it
the iron and steel industry.
r
—
trouble in securing the funds necessary for
new
capital
needs and are once more enjoying great prosperity, with
may
serve, possibly, to console
us in a negative
fashion
by indicating that the disposition of governments
to in-
and revenues steadily expanding. Hence, orders creasing extravagance is not confined to this side of the
by the railroads have for many months been large not world, and is not a defect of democratic forms particularly.
so much so for rails, perhaps, but certainly for cars, for And yet is this not perhaps an incomplete view of the
locomotives, for materials and supplies, and for the easel
Without doubt, public expenditures, like private
hundreds of things in which iron and steel are used in ones, ought to be well directed, so that value is had for the
the operation and construction of the railroads.
dit
The re- money; whether this is the obtained result
fai
newed expansion in the iron industry has followed be is always a fair and timely question.
traffic
—
£
directly as the
consequence of
in the railroad world.
that the iron trade
will
this return
May we
remain
not
confidence
of
But
therefore,
exceed
both
eat their cake and
expect,
active
with
pro-
duction and consumption on a very large scale (though,
possibly, not with a repetition
of the
exceptional
ancy which distinguished the early months
ol
L905J so
is
it
clearly a matter to be deplored thai imports
exports?
Certainly
sell it
of people cannot
millions
any more than one person can;
and so far as a decline ol exports results from increased
consumption at home, nothing more or worse is aea
sarily
proved from such increase
than
that
long as the railroad carrying industrj does not expei ience
are able to live
any serious set-back
doctrine that a nation Might to .skimp to
?
and are living on a
better
the
scale.
people
Che
the utmost, iu,
THE CHRONICLE.
482
order
to
have the utmost surplus product
to
sell
abroad,
cannot be sounder than that an individual should do the
same.
Money and
capital are not justly to
the end, but only as nutans
to
be regarded as
an end, and that end
is
national well-being.
sales of
BANKS New
bank stocks
York.
Commerce, Nat. Bank of
10 Merchants' National Bank..
atlOo
15 Morton Trust Co.
20 Title Guarantee & Trust Co.
5 Washington Trust Co
this
2003^-205
Last previous sale.
July 1905— 205
177M
May 1905—
179M
June 1905June 1905Mar. 1905-
920V
B
Price.
TRUST COMPANIES- New
York.
925Y
8
673H-G75
450
671
4413^
TRUST COMPANY- -Brooklyn.
3 Franklin Trust
•
absorption of the Coney Island & Bath Beach Bank
Brooklyn by the Jenkins Trust Company of Brooklyn has
been completed, and the bank, which is located at Coney
Island, is now, with its Bath Beach branch, conducted as
the trust company's branch.
—The Utica Trust & Deposil
Co. of I'tica, N. Y., is pubstatement showing assets in 1905 of $4,484,492,
which compares with 83,715,583 in 1904, $3,046,045 in 1902,
81,321,859 in 1900 and $564,180 in 1899— a gain of nearly
four million dollars in six years.
week aggregate 115
shares wen- sold at auction and 5 shares
shares, of which 110
at the Stock Exchange.
The transactions in trust company
stocks reach a total of 43 shares.
Shares.
—The
of
lishing a
ITEMS ABOUT BANKS, BANKERS AND TRUST COS.
— The public
[Vol. Lxxii.
Co
300
April
1905—
345
x Of this amount 5 shares were sold at the Stock Exchange.
— We are able to give some
details concerning the prelim-
—The
$100,000 capital of the new Hyde Park Xationa
Boston to which we alluded in these columns on
June 17 has now been subscribed, and the following directors elected: Eugene N. Foss, Fred. L. Childs, Artemus S.
Raymond, John E. Eaton, Harry R. Stone, Frank B. Rich,
Harry A. Colins, Samuel E. Blanchard, Franklin C. Graham,
Fred. J. Kennedy, C. L. Alden, John G. MeCarter, Thos. F.
Fallon, M. H. Barker, A. S. Lovejoy and C. H. Dwinell.
Bank
—
of
—
—The Mechanics' Trust Co. of
Boston,which, as noted in
these columns from time to time, was lately incorporated as
successor to the Mechanics' National Bank, will open for
business on
Monday
so long occupied
have a capital of
next, the 31st instant, in the quarters
by the bank. The new institution
$500,000 and a surplus of $100,000.
will
inary program arranged for the entertainment of deleMr. Arthur M. Heard, formerly Cashier of the Amoskeag
gates to the approaching convention of the American BankNational Bank of Manchester, N. H., has been elected to the
ers' Association in October.
Some of the features are to be:
A reception at the White House by President Roosevelt; re- presidency of the institution, to succeed the late Hon.
George Byron Chandler.
ception at the Corcoran Art Gallery r with music by the
Action on the plan for the readjustment of the affairs
Marine Band; exhibition drill by U. S. cavalry at Fort
of the Maryland Trust Company of Baltimore, which was
Myer; arrangements for all-day visits to George Washington's old home at Mount Vernon; theatrical performances in to have been taken by the stockholders on Wednesday, has
the evening; and probably an excursion down the Potomac been laid over until September 6 not enough stock having
River as far as the United States Proving Grounds at Indian been represented at this week's meeting.
Head, if time permits. The Council will be entertained at
The increase in capital of the Cosmopolitan National
the country residence of Mr. Charles C. Glover.
Besides Bank of Pittsburgh has become effective, and the bank now
the many noted drives and the entertainments of a private has a paid-up capital of $500,000. The stockholders author
nature, trips are contemplated to the famous show-places in ized the additional stock ($300,000) in January.
and about Washington, many of which possess national
It is reported that the directors of the Fourth National
interest.
The expected address of President Roosevelt Bank of Cincinnati have under consideration a plan for ingives added significance to the occasion.
All the banks, creasing the capital of the institution from $500,000 to
trust companies and bankers in Washington are making $1,000,000 and the surplus from its present amount
$700,elaborate plans for the pleasure and comfort of the delegates 000— to $1,000,000.
—
,
—
,
—
—
—
and
—
their families.
the arrangements under consideration by the Phenix
National Bank of this city (Mr. Finis E. Marshall, President)
are consummated, the institution will quite likely locate in
the new building which will be erected by the present ownIf
Wall St,, corner Broadway. This valuable property, only 29.10x39.10 feet, our readers will recall, was recently sold by the executors of the Benjamin D. Silliman
estate for $700,000 cash (nearly $600 a square foot) to the
Mercantile Trust Company of St. Louis, representing a syndicate of St. Louis capitalists.
Lately the property was transferred to a company known as the Number One Wall Street
Corporation, of which Mr. Festus J. Wade, President of the
Mercantile Trust Co. of St. Louis, is the executive. The
matter, though still in a tentative state, is being carefully
eonsidered by the Phenix National, and the outcome depends largely on the sort of building the owners may decide
to erect on the site.
ers at
No.
— Mr.
1
Clark Williams, the well-known Vice-President of
the United States Mortgage & Trust Company of this city,
resigned his office this week.
Mr. Williams joined the company in 1894, one^year after its organization, and has been
successively Assistant Secretary, Assistant Treasurer, Treasurer, and then Vice-President. He is the Chairman of the Trust
Company Section of the American Bankers' Association, and
has always taken a prominent and active interest in trust
company affairs. While Mr. Williams will not disclose his
plans at the present time, rumor says he is to accept the
vice-presidency of the Equitable Life Assurance Society.
|;T
—The
National Bank of Commerce of Columbus, Ohio,
from its old location at the corner of High and Chestremoved
nut streets on Monday to its handsome new quarters in the
Chittenden Hotel block.
—
Three new Assistant Cashierships have been created in
the new First National Bank of Columbus, Ohio, and Messrs.
Chas. R. Shields, Henry Pausch Jr. and Edgar L. Abbott
have been appointed to the positions.
— McKeen's Bank of Terre Haute, Indiana, which
of the oldest
organized in
tem.
is one
banking institutions of that city (having been
1854), has been converted to the national sys-
Its successor, to
be
known
as the
McKeen
National
Bank, has organized with $400,000 capital. The incorWm. R. McKeen (who is also President of
porators are:
the Terre Haute Traction & Light Company), Herman
Hulman, Chas. Minshall, Frank McKeen and Samuel C.
McKeen.
The Peninsular Savings Bank
—
of Detroit, Mich., is send-
ing out a card calling attention to the fact that days of grace
have been abolished in that State. It quotes Section 145 of
the Uniform Negotiable Instruments Bill, recently enacted
in Michigan, as follows:
"Every negotiable instrument is payable at the time fixed
When the day of maturity falls
therein without grace.
upon Sunday or a holiday, the instrument is payable on the
next succeeding business day. Instruments falling due or
becoming payable on Saturday are to be presented for payment on the next succeeding business day, except that instruments payable on demand may, at the option of the
holder, be presented for payment before twelve o'clock noon
Mr. William A. Hawes, formerly Cashier of the Green- on Saturday, when that entire day is not a holiday."
The law becomes operative on September 16.
wich Bank of this city, has been appointed Auditor of the institution, and Mr. Clarence Foote, manager of the William
The board of directors of the First National Bank of
Street branch, will succeed Mr. Hawes as Cashier.
Milwaukee on Thursday, the 20th, adopted a resolution
Mr.
Frank Hammond, paying teller of the main office, and Mr. recommending an increase in the capital of the institution
Harry A. Golding, manager of the Broadway branch, were from $1,500,000 to $2,000,000. Present shareholders will
appointed Assistant Cashiers.
be allowed to take the new stock in the ratio of one share
—
—
—
July
of
now
>(
l
for
11)05.]
.»
each throe shares
now
A
held.
|s:j
THE CHRONICLE.
— The Broadway Savings Trust Company of St. Louis took
special meeting
of stockholders to ratify the proposition will be called for
Omaha
an
led
Omaha, Neb., has
National Bank of
attractive
little
folder
Years of Successful Banking."
entitled
just
"Thirty-Nine
In the following we
show
the growth the institution has enjoyed during this period.
('.;
Octol
October
Octo
Deposit*.
db
1866.
576
1886
1
its
own new
Broadway and Cham-
building, at
July 17. The company was organized last
November and has a capital of $100,000. J. 11. Price is the
396
July
Resources.
sil'o.cto
.s'.ii
934,453
3,496,199
3,362,846
9,310,514
board
Its
President.
of directors
is
composed
Of the follow-
Vice-President of the American
E. L. Adreon,
Brake Co. Joseph I). Bascom, Secretary and Treasurer Broderick-Bascom Hope Co.; Charles s. Brown, Presidenl of the
Hall & Brown Wood-working Machine Co.; George 1' CotSecretary Green's Car Wheel Manufacturing Co.;
trill,
George D. Dana, Vice-President Charter Oak Stove & Hange
First
ing:
;
plus
UndivJPivl.
164,22]
224,940
775,354
1,060,654
1,230,371
tank.
October
possession of
bers Street, on
n the near future.
— The
—
.
1,993
1.316,553
4,458,501
11,140,885
Co.;
Benjamin F. Edwards, Vice-President National Bank of
of St. Louis; S. W. Fordyce .i;-.; Eenry C. Haar-
Commerce
oaha National was chartered in February 1866
stick, President Mississippi Valley Transit. Co.; Thomas 11.
ami
The first Presidenl Mekittrick, President Hargadine-McKittrick Dry Goods
business the following July.
was Mr. Ezra Millard and the first Cashier Mr. J. N. Field.
Co.; W. J. McBride, Vice-President American Car A- foundry
Mr. Josi ph II. Millard, who is now President, became Cashier
Co.; J. H. Price, President; Charles M. Polk, Thomas H
1S(>7 and was elected President
of th
institution on Jan.
West President St. Louis Union Trust Co.; George Wiegand
in l^si to succeed Mr. Ezra Millard, who resigned at that
Jr., Vice-President Standard Stamping Co., and Thomas H.
time to organize a new bank.
Mr. William Wallace, who
West, Jr., Secretary and Treasurer.
1
,
now
oi
Vice-President of the Omaha
The pre!
in 1SGG.
in addition to President Millard and Vice-President
are Mr. C. F. McGrew, Vice-President; Mr. Chas.
Cashier, and Mr. Frank Boyd, Assistant Cashier.
cupies
was
Nal
officials,
Wallac
E. Wi it
.
the
its
post
first
of
bookkeeper
—
—
The Chickasaw Savings Bank & Trust Compan}' of
Memphis, Tenn., last week filed an amendment to its charter
by which the word "Savings" is dropped from its title,
leaving the new name of the institution the Chickasaw Bank
.
— In
speaking in these columns last week of the proposed
consolidation of the United States National, the Union
Nat: nal and the Commercial National banks of Omaha,
Neb., we inadvertently cave the location of the banks as
Denver, Colo., instead of Omaha. The stockholders of
the three institutions having ratified the proposition, the
new bank, which is known as the United States National,
opened for business on Monday of this week in the quarters
formerly occupied by the Commercial National, at the
corner of Sixteenth and Farnam streets.
The consolidated
institution has a capital of $600,000 and a surplus of $200,000.
Its officers are:
Messrs. M. T. Barlow, President; G. W.
Wattles and V. B. Caldwell, Vice-Presidents; A. Millard,
Cashier, and W. E. Rhoades, L. M. Talmage and G. E.
Haverstick, Assistant Cashiers.
—The following
Campbell,
st ant Cashier of the United States National Bank of
Denver, is self-explanatory.
July 21 1905.
Editor Commercial and Financial Chronicle.
I understand that a number of banking magazines have
mentioned the organization of The Colin Campbell Investment <fe Security Co., at Goldfield, Nevada. I am not the
party, nor do I know who that Colin S. Campbell is.
I have had a number of inquiries asking me if I am engaging in mining speculations and similar questions along
this line.
As an impression of this kind might possibly
injure my standing with my banker friends, I would appreciate mention on your part in reference to the recent notice
of the organization of that company, and a statement that
the Colin S. Campbell is not the Assistant Cashier of the
United States National Bank of Denver, as he has nothing
whatever to do with the company at Goldfield, Nevada,
and does not engage in the mining business or speculation
in any way whatever.
Yours verv truly,
letter, received
from Colin
S.
&
Trust Company.
— Mr.
Clinton C. McClarty, who was recently elected
Vice-President of the First National Bank of Louisville
as mentioned in our issue of May 27
has again been pro-
—
moted, and is now President of the institution, succeeding
Dr. George B. Lewman, who resigns, owing to ill-health.
Mr. C. C. Bickel, who gave up his position as Vice-President
upon Mr. McClarty 's election to that office, has again been
elected to fill that post, and Mr. J. B. Lewman, formerly
Assistant Cashier, has been chosen Cashier.
Mr. C. N.
Matthews will occupy Mr. Lewman's place as Assistant
Cashier.
—
The Capitol Savings Bank of Richmond, Va., has removed its offices from No. 1111 East Main Street to newly
equipped and more commodious quarters on the ground
floor of the
Main
Street.
i
COLIN
S.
CAMPBELL,
receiver of the First National Bank of Topeka
which closed its doors on July 3, as noted in these columns
at the time
has submitted his first report to the Comp-
—
the Currency.
It shows total liabilities of $1 ,660,557 and assets of §2,118,275, of which §756,684 are described as good, SI, 222,435 as doubtful and $139,156 as
worthless.
The principal difficulty of the receiver has been
in determining the value of the C. J. Devlin collateral,
he is unable to state what may eventually be realized from
the same.
troller of
—The
Union Tru~t Company of Little Rock, Art
paid-up capital Mock from $100,000 to >_'.">t).000.
Of the increase S50,000 was by the way of a Btock
dividend to the old shareholders and the balance of the incra
00,000, was new rtock, sold at fl 25, the par
.
ere
•
value being paid into the company
tributed among the old stockholder-.
and a premium
The
dir<
i
dis-
E.
Q. Thompson, A. N. Johnson, C. E Neeley, C. T. Ubi
T. W. Tiliar, John F. Boyle, George 1'.. Rose, M
head
Wright and 8. W. Reyburn. The last named is 1'." ident
of the company.
J.
President;
The
CD.
officials are:
Messrs. S. G. Fairbank,
Larus, Vice-President, and R. M. Kent Jr.,
Cashier.
—
The State Savings Bank of Charleston, S. C, has called
a special meeting of its stockholders for August 14 to vote
upon a proposition to increase the par value of the shares
from $25 to $100 each and to reduce the number of shares
from 1,200 to 300. Thus the capital stock ($30,000), instead of being divided into 1,200 shares of $25 each, will be
composed of 300 shares of the par value of $100 each.
—The
National Bank of Vicksburg, Miss., has
awarded the contract for its new eight-story fireproof steel
and brick bank building to F. J. McGraw of Vicksburg. It
will cost $183,335.
The institution has a capital of $200,000,
surplus and undivided profits of $104,677 and deposits of
Mr. B. W. Griffith, President;
8697,779. Its officers are:
Mr. J. M. Phillips, Cashier, and Mr. J. F. Whitfield, Assistant
First
Cashier.
Asst. Cashier.
— The
Mutual Assurance Building, at No. 907 East
— Organization of the German-American National Bank
these
New Orleans — reference to which was made
columns on July 15 — has now been completed, and the
of
in
fol-
President, Mr. W. R. Irby; VicePresidents, Messrs. W. P. Burke, T. H. McCarthy, \.
Breton, S. E. Worms and G. W. Clay; Cashier, Mr. W. W.
lowing officers elected:
It was
Bouden, and Assistant Cashier, Mr. 1'. Dietze Jr.
originally planned to fix the capital at $1,000,000 and the
surplus at $500,000, but, owing to
a1 demand for
-hares in the new institution, it was decided to increase the
capital to 11,200,000 and surplus to 1600,000, the shares
being sold at Slot) each.
A call for
per Cen1 of the allotments is to l.e made on or before July 31 and it is exped
that the hank will be opened for business between August
lo and September
t
•_'.">
,
l
—
Mr. J. I). Jackson has resigned as Assi
the Gaston National Bank of I'm
health.
lb- i- succeeded by Mr. J. Howard Ardrey.
i'l
I
W. T. Henderson wat elected an A- istai
—The Western Bank & Trust Company
has secured a ten-year lease on a piece of
Mr.
r.
of Dallas,
I
n
Elm
THE CHRONICLE.
484
[Vol. lxjxi
Dean of the Evening School of Accounts and Finance of the
its present quarters on
Main Street. Possession of this property will be taken on University of Pennsylvania. The directors chosen for the
September 1, when the bank will immediately begin the first year simply represent the members of the two commitconstruction of a modern two-story bank building, and, in tees, and they will all resign in October next, when the amaladdition, it is proposed to build a basement under the Main gamation between the Federation and the American AssociaStreet building, to be used for the installation of safe-deposit tion goes into effect, and new directors will be chosen at that
vaults.
It is expected the improvements will be completed time, and a committee will be appointed to look after the
by the first of next January.
work of the Journal.
Street immediately in the rear of
—The new trust
—
company for Houston, Texas to which
IMPORTS AMD EXPORTS FOR JUKI!.
was made in these columns on June 3 last is to _
The Bureau of Statistics at Washington has issued the
be known as the Union Bank & Trust Company and will
statement of the country's foreign trade for June, and from
have a capital of $500,000 and surplus of $125,000. It is
it and from previous statements we have prepared the folexpected to open for business about August 21. Captain J.
lowing interesting summaries:
S. Rice, it is stated, will be President, and Mr. Homer N.
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
Tinker, who is prominently identified with the banking
(In the following tables three ciphers (000s) are in all cases omitted.)
business in the South, will be Secretary and Cashier.
-1904-05—
1903-04reference
— In
our issue of
for business of the
May
—
13 last, in referring to the opening
Seaboard Bank
of San Francisco,
we
stated that the stockholders would vote July 1 1 upon increasing the capital to $250,000.
The bank has now filed
a certificate announcing the increase.
—
of
London
is
at hand.
statement of the Union Discount Co.
The
gross profits for the six
months
ending June 30 were $919,490, which with the balance of
$251,225 brought forward from Dec. 31 1904 shows a total
to credit of profit and loss account of $1,170,715.
A divi-
Imports.
S
243,057
284,515
311,858
95.110
92,532
90,436
Exports. Imports.
$
$
291,624 246,054
495,477 236,696
Excess.
8
+ 68,686
380,734 262.960
109,880 83,522
89,887 80,698
93,225 81,157
Excess.
$
+ 45,570
+ 258,781
+ 117,774
+ 26,358
+ 9,189
+ 12,068
1,460,827 991,087
+ 469,740
17,665
33,627
22 115
10,290
10,472
4,886
—7,464
—30,817
—17,728
+ 1,893
10,201
2,810
4,387
19,470
43,069
1,523
+ 38,956
81,460
99 055
—17,595
+ 6,861
+ 4,595
+ 6,077
—242
+ 1,685
+ 2,443
7,378
15,727
13,026
3,833
5,098
4,411
6,620
7,373
6,824
2,216
1,983
2,753
+ 758
+ 8,354
+ 6,202
+ 1,617
+ 3,115
+ 1,658
Total...
48,849
27,430
+21,419
49,473
Excess of imports.
+ Excess of exports.
27,769
+21,704
311,743
465,850
367,447
128,575
123,753
121,095
Jan.-Mch
April
May
June
The tenth annual convention of the Washington State
Bankers' Association was held at the Lewis & Clarke Exposition Grounds at Portland, Ore., on July 20, 21 and 22.
A variety of interesting subjects were discussed and papers
read on some timely topics. Among the latter may be
mentioned one on "Railroads from the Banker's Standpoint," by Mr. Walker Hill, President of the Mechanics'
American National Bank of St. Louis, and one by Mr. J.
H. Cameron, Vice-President of the Hamilton National
Bank of Chicago, on "The Growth of Commercial Centers in
this Country and the Relation of Country Banks thereto."
Under the head of "Practical Questions for Discussion,"
the subjects were:
"Shall National Banks Loan on Real
Estate," "Taxation Affecting Banks," "Shall We Have a
State Law Regulating Banks."
Saturday, July 22, was
designated as "Bankers' Day" by the management of the
Lewis & Clarke Exposition, and in the evening of the same
day the delegates were tendered a complimentary banquet
at the American Inn by the Portland Clearing House Association.
The following were elected officers to serve for
the ensuing year: President, E. T. Coman (Cashier of the
First National Bank of Colfax); Vice-President, M. F.
Backus (President of the Washington National Bank of
Seattle); Secretary, P. C. Kauffman (Second Vice-President
of the Fidelity Trust Company of Tacoma); Treasurer, Robert Moody (Cashier of American Nat. Bank of Everett).
Mr. A. L. Mills, President of the First National Bank of
Portland, Ore., announced that the Oregon banks would
also form an association.
Subsequently an organization of
banks of that State was effected, and the new body adopted
the constitution of the Washington Bankers' Association.
—The semi-annual
Exports.
$
Merch'dise
July-Sept.
Oct .-Dec .
Total... 1,518,463 1,117,508
Gold an J Gold in Ore.
July-Sept
41,591
20,931
Oct .-Dec .
38,172
16,109
Jan.-Mch .
34.015
9,222
April
1,304
2,581
May
481
2,657
June
2,138
4,031
+ 181,335
+ 55,589
+ 33,465
+ 31.221
+ 30,659
+ 400,955
—6,340
.
Total...
92,594
53,638
+ 22,063
+ 24.793
—1,277
—2,176
+ 9.180
+ 32,597
—3,363
Silver ar d Silver in Ore.
12,762
11,005
12,592
2,318
5,427
4,745
July-Sept
Oct .-Dec .
.
Jan.-Mch
.
April
May
June
1
5,901
6.410.
6,515
2,560
3,742
2,302
—
We
subjoin the totals for merchandise, gold and silver
months since July 1 for six years.
for the twelve
Merchandise.
Gold.
Silver.
Twelve
Excess
Excess
Months.
Imports.
Exports.
Im-
Ex-
of
Exports ports.
1904-05
1903-04
1902-03
1901-02
1900-01
1899-00
.
ports.
\
Im-
Ex-
of
Exports] ports
ports
Excess
o/ Exports.
*S
S
$
$
$
$
$
S
$
1,518,463 1 .1 17,508 400,955 92,594 53,638 38,956 48,849 27,430 21,419
1,460,827
991,087 469,740 81,400 99,055 a 17, 595 49,473127,70921,704
2,109 44,250,24,163 20,087
l,42O,141|l,025,719 394,422 47,091 44,982:
1,381,719! 903,321 478,398 48,56952,021 a3, 452 49, 732*28, 232 21 ,500
664,593:53,185 66,051 al2,866 64,285,36,386 27,899
l,487,765i 823,172
849,941544,542 48,267144,573
1,394,483
3,694,56,712 35,256 21,456
I
I
a Excess of imports.
Similar totals for the six months since January
years make the following exhibit.
Merchandise.
Gold.
1 for
six
Silver.
Six
Imports.
Exports.
of
Ex ports
Excess
Excess
Excess
Months.
I
i
Ex-
Im-
o]
Ex-
Im-
ports.
Ex ports]
ports.
ports.
ports.
S
S
Exports.
ot
|
!
S
1905
1904
1903
1902
1901
1900
.
.
740,870
673,726
.
697,6521
.
.
638,196
721,853
.
712,034!
.
a Excess
s
s
589,930 150,934
508,337' I65.3S9
512,745 184,907
456,342 181,854
433,441 288,412
439,419 272,615
s
s
39,831 16,599
68,449 47,703
31,336 13,976
20,277il3, 187
29,491 15,927
30,441 16,625
i
~^~\~~S~
23,232
20,686
17,360
7,090
13,564
13,816
|
25,082 15,118 9,964
26,368 13.771, 12,592
17.505 9,981 7,524
22,528 12,221 10,807
28,434 15,135 13,299
30,370 18,849 11,521
of imports
In these tables of totals, gold and silver in ore for all the
years are given under the heads respectively of gold and
silver.
dend was declared for the half-year at the rate of 11 per cent
The following shows the merchandise balance for each
per annum, calling for $206,250, and after this and other year back to 1875.
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
deductions, a balance of $265,144 was carried forward. The
6 months ending June 30
12 months ending June 30
loans and deposits, including provision for contingencies 1875
Imports §21,795,212
Imports §19,562.725 1875
Exports 50,063,783
Exports 79,643,481 1876
1876
and bills re-discounted, aggregated $91,444,008.
corporation has been formed for the purpose under the
of "The Accountancy Publishing Company," and sufficient funds, it is stated, have been subscribed to carry on
the work contemplated. The Journal will be under the
direct control of the American Association of Public Accountants, as the majority of the capital stock will be held by it.
1877
.
1878
1879 1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1S93
1894
1895
1896"""
1897
1898
1899
1900"""
proposed to engage as editors Professor Joseph French
Johnson, Dean of the School of Commerce, Accounts and
Finance of the New York University, and Dr. E. S. Meade,
1902
1903
1904
1905
ACCOUNTANTS TO HAVE AN OFFICIAL JOURNAL.
At a recent conference between committees representing
the Federation of Societies of Public Accountants and the
American Association of Public Accountants, it was decided
to arrange for the publication of an official journal for the
profession, to be known as "The Journal of Accountancy.''
A
name
It is
1901 ""
'.
Exports 151 ,1 52,094
Exports 257,814,234
Exports 264,661 ,666
Exports 167,683,912
Exports 259,712,718
...Exports 25,902,683
...Exports 100,658,488
Exports 72,815,916
Exports 164,662,426
Exports 44,088,694
Exports 23,863,443
Imports 2S.002.607
Imports
2,730,277
...Exports 68,518,275
...Exports 39,564,614
...Exports 202,675,686
Imports 12,605,798
...Exports 244,132,692
Exports 75,568,200
Exports 102, 8S2, 264
...Exports 286,263,144
Exports 615,432,676
Exports 529.874,813
Exports 544,541,898
Exports 664,592,826
Exports 478,398,453
Exports 394,422,442
Exports 469,739,900
Exports 400,955,333
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
18S8
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
... Exports
Exports
Exports
Exports
...Exports
Imports
Exports
Exports
.Exports
Imports
Imports
Imports
Imports
Imports
Imports
Exports
Imports
Exports
Imports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
Exports
37,896,413
155 ,854,535
115,036,611
31,163,494
97,999,966
39,437,030
46,083,019
10,755,835
55,313,693
978,738
27,090,127
61,575,300
30,655,256
18,721,363
13,261,571
47,425,412
6S.800.021
68,486,072
4,735,035
74,956,140
36,961,882
295,280,759
204,573,754
272,615,091
288,411,518
181,854,021
184,907,400
165,388,544
150,934,327
1
July
;
TIIK CHRONICLE.
20 1905.1
FAILURES FOR SECOND QUARTEB
EXPORTS 01 QOLD AND SILVER FROM SA X
*ND SINCE
—
JAN. l. The following figures, prepared from
G. Dun A Co.'a statement, show the number of
485
l
it.\.\
Cisco.
Messrs. K.
failures in
United States and Canada (luring the quarter ending
June 30, 100"), and for the six months ending with the same
For purposes of comparison like figures for the cordate.
responding periods of the preceding year are given:
the
1005;
No.
Failures.
S
<»i</
L904.
Amount of
Liabilities.
"/
Amount
No. »f
'ailures.
of
Liabilities.
quart
New England
587
7 ,978,751
379
639
170
-7
3,768,925
2,333,625
5,747,683
L ,547,742
1,945,628
266
499
355
282
States
S2.419.726
Middle States
Southern States..
Southwestern States
Central Western States...
Far Western States
312
Pacific States
-Oil
494
14,666,658
10,999,053
160
1,61
1
1
,472
,321,007
6,41
,978,969
1,433,342
1
iUonctavyid'ommcvciariinoUshiteius
London, Saturday, July 15 1905.
There has been a decided improvement in the Stock Ex"
274
272
$1,648,066
S3.370.115
Dominion of Canada
Sis Months.
change during the last couple of days, although business
New England States
786
796
16,249,732
$12,520,671
The great fall in
1.260
17,779,564
,363
24,737,402 continues almost as inactive as ever.
Middle States
s.sis.610
1,060
Southern Slates
1,195
14,134,113 South African mining shares that has been going on for
a
4.5S9.023
60S
Southwestern States
631
3,807,092
,()7>4
Central Western States... .101
10,871,585
16,766,192 considerable time now induced the fear that there would be
789
Far Western States
4,268,460
679
1,177,587
544
55S
3,297,611
Pacific States
3.347,852 some serious failures at the fortnightly settlement on the
Stock Exchange this week. It was well known that one or
6,214
$55,904,585
$79,490,909
Aggregate United States 6,210
two large houses in the Stock Exchange had lost heavily,
029
585
Dominion of Canada
$4,543,945
$6,074,733
and it was doubted whether they would be able to tide over
The record of failures in the United States by quarters for their difficulties. They, however, have received help, and
the first six months of the last twenty years is as follows:
there has, in consequence, been no failure. The belief is that
-Second quarter.
First quarterthe stocks held by the weak operators have now been taken
No. of
Xo. of
Amount of
Amount of
Failures.
over by large houses here and in Paris, and that the market,
Liabilities.
Wars
Failures.
Liabilities.
Failures.
$29,6S1,726
1,953
S20. 7J2.734 therefore, is really sounder than it has been since the South
3,203
2,870
125,742,080
Aggregate United States2,767
$31,424,188
1
1
1
..
—
—
3,007
..2.94S
3,311
3,223
3.543
3.3S4
3,202
4,304
3.S02
887
1888
1889
1S90
1S91
1S92
1894
1S95
1S96
1S97
1S9S
1S99
1900
1901
1902
1903
1904
1905
4,031
3,932
3,687
2.772
2,894
..3,335
3,41s
3,200
...3,344
3,443
32,161,762
38,884,789
42,972,516
37,852,968
42,167.631
39,284.349
47,338.300
64,137,333
47,813,683
57,425,135
48,007,911
32,946,565
27,152,031
33,022,573
31,703,486
33,731,758
34,344,433
48,066,721
30,162,505
1,905
2,241
2,292
2,162
2.529
2,119
3,199
2,735
2,855
2,995
2,889
3,031
2,081
2,438
2,424
2,747
2,428
2,870
2,767
22,976,330
29,229,370
22,856,337
27,466,416
50,248,636
22,989,331
121,541,239
37,601,973
41,026,261
40,444,547
43,684,876
34,498,074
14.910,902
41,724,879
24,101,204
26,643,098
32,452,827
31,424,188
25,742,080
African War.
The improved
been strengthened by the conarrangement between France and Germany.
The general impression is that M. Rouvier has conducted
the negotiations with Germany with great skill and success,
that he has yielded on no fundamental point, and that he
has safeguarded French independence. At the same time,
there is an exceedingly sore feeling throughout France.
feeling has
clusion of the
And there is a latent fear that in the conference Germany
may attempt some other coup which will disconcert the
French Government. Over and above all this, there is an
unacknowledged feeling amongst the majority of Frenchmen that the politicians were too easily frightened. M.
Delcasse, in an interview with one of the Paris papers, has
openly declared that he never believed that Germany meant
war; that if he had remained in office, with the support of
the Republican Party he would have refused to enter into
IMPORTS
EXPORTS OF GOLD
SILVER AT a conference; and that he was convinced that Germany
would not fight. For he declares that France would have
SAX FRANCISCO.
been supported by England, and that Germany would not
The Collector of Customs at San Francisco has kindly
have ventured to face the combined British and French
furnished us this week the details of imports and exports
fleets.
It was generally understood that this was M. Delof gold and silver through that port for the month of June,
casse's view, but his open admission of it has made a very
and they are given below in conjunction with the figures for
considerable impression, and there is going on a revulsion
preceding months, thus completing the results for the fiscal
from the alarm that recently existed. In consequence, the
y. ar. 1904-05.
The imports of gold were of unimportant
entente cordiale with this country has gained greatly in favor
'ime, reaching but $120,911, of which 84,949 was in coin.
in France.
This week the British fleet has visited Brest,
Of silver there came in $194,437, almost wholly bullion and
and is being received quite as cordially as the Russian fleet
silver in ore.
During the twelve months there was received
was when it visited France. Thus the recent tussle between
a total of 815,590,873 gold and $3,003,796 silver, which
France and Germany has very materially strengthened the
compares with 835,370,472 gold and $3,492,900 silver in
entente cordiale.
1903-04.
The shipments of gold during June were very
Over and above all this, the appointment of M. Witte as
light, reaching only 81,950, all coin, and the exports'of silvi r
Russian plenipotentiary to negotiate for peace has made
were $318,321, of which 8314,500 was bullion.
For the
the very best impression all over Europe.
It is notorious
twelve months the exports of gold reached $5,832,748,
that from the very first M. Witte was opposed to war; that
again.-! $715,777 in 190:5-04, and 86,799,502 silver was sent
he did his utmost to prevent it; and that it was his bitter
out, against 84,513,792 in 1903-01.
The exhibit for June
opposition to the War Party which caused his downfall.
and for the twelve months i< as follow-:
Now that he has been appointed plenipotentiary, lie will,
IMPORTS OF GOLD AM) SIU J.I: AT SAX RAW
of course, use all his efforts to conclude peace, and it N
hoped that his appointment affords proof that the C/ar »
(Mil.
a Mr !
Silver.
that M. Witte was his really good adviser, and that probHull
AND
•
AXD
,'-<
I
ion
Total.
19"
July
$
I
.
430
140.339
1.64
1,600
747
UiUl
Cain.
$
73,323
52,660
91,108
chief Minister
i
1,004
121.051
1,604
274, 107
144,127
Febr
141.587
March
April
May
June
<>'».•> 1.1
122.1
1
90.019
:,
1
12
182
199,
212,
120.911
^95.230'
1
ably, therefore,
M
is
The probability
l
VI
b roo
1
I
1,91
will
held.
be given a far more influential
Thai he may be appointed
all
established
who
iii
''*
d<
R
that peace will be concluded and thai
M.
Witte
216,
1
Witte
the wish of
good government
in
l
.
place than he has yet
.•(.'7
27
.172
Total.
___
%
1
L92
158,0041 2.845.792
3.003.796
may return to power bas impro
Cor
here at home bui all over the Continent.
there is no increase of acth ity In bush
place, the weather
gly hot; In the -<<
all
I
that,
pla
THE CHRONICLE.
4m;
we
—
nowlast approaching the holiday season; and, in the
third place until peace is actually concluded, and until the
coming conference is held, it is hardly probable that Frenchmen will engage in new risks. In the meantime, however,
trade here at home is steadily improving, and a very confi-
SILVER. On buying orders from the Continent, and in spite of some selling on
China account, the quotation for spot silver has risen to 27 5-16d. At this figure
the market Is a steady one, as offerings are small.
India has given no support to
the market during the week.
Forward silver is now quoted %d. under cash. The
Indian price Is Rf. 69 per 100 TolahB.
For the week. Arrivals New York,
£174,000; West Indies, £4,000. Shipments— Bombay, £81,700; Hong Kong,
£44,400; Shanghai. £5,000; Madras, £2,600; Egypt. £1.200. For the month oi
June. Arrivals— Russia, £194.500; France, £38,500: 17. S. A., £908,750. Shipments—Russia, £210 000; trance. £53,000; China, £ 126,400; India. £070,500.
MEXICAN DOLLAB 8.—There Is no business dolne In these coins.
are
dent feeling
Money
—
growing up.
is
[Vol. lxxxi.
The quotations
abundant and cheap, and the general belief is
While the scare
that it will continue so for some months.
caused by the Moroccan incident continued, France withdrew gold from London as well as from New York and BerAnd it was feared that she might go on doing so and
lin.
thus prevent the Bank of England from accumulating such
a gold reserve as would ensure easy money for the rest of the
is
GOLD.
for bullion are reported as follow-;
London Standard.
13.
8.
s.
d.
s.
liar gold, fine,
oz
11
U.S. gold coin, oz
76
German gold coin, oz. a76
French gold coin, oz.. a76
Japanese yen; oz
«70
SILVER.
July
July.
JA
4A
4%
4%
4%
{
77
94
4%
4K
4%
76
a76
aid
a76 4At
July
July
London Standard.
d.
13.
it
6.
d.
-
|
i
Bar silver, fine, oz_. 27 5-16
" 2 mo. delivery.. 27 1-16
27
26 13-16
Barsilver, containing
5 grs. gold, oz... 27 13-16 27%
4 grs. gold, oz... 21%
27 5-16
3 grs. gold, oz... 27 7-16 21A
Cake silver, oz
29 7-16 29%
Mexican Dollars
nom.
nom.
aNominal
The following shows the imports of cereal produce into
Now, however, the best opinion in Paris is that the United Kingdom during the season to date compared
France will not take more gold. She has an immense stock with previous seasons:
IMPORTS.
of the metal.
The danger of war with Germany is over.
1902-03.
1901-02.
Forty-jive weeks—
1904-05.
1903-04.
The hope that peace will be concluded grows stronger. And Imports of wheat, cwt.
88,400,100 79.582,336 70.968.747 ol, 768, 396
year.
;
Barley
Oats
Peas
for the time being at all events, the danger of revolution in
was. Consequently, the great French
necessary to increase their reserves. Indeed, it is possible that they may reduce their reserves by
employing some of the surplus balances in London and elsewhere. For some time past Italy has been taking a considerable amount of gold from France, Italy being very prosperous just now, and there being a very active speculation
Russia
than
is less
banks do not
Beans
it
Indian corn
Flour
feel it
Imports
Sales of
The following shows the quantities
maize afloat to the United Kingdom:
Thisweek.
Wheat
Maize
Circulation
Other deposits
Government securities
Other securities
Reserve of notes and coin
Coin & bullion, both dep'te.
Prop, reserve to liabli's, p. c.
rate
Consols, 2
Silver
>^*.»v..
%
per cent.
per cent
Bank
rates for
48^
90 3^16
27 3-16
U— l\j
225,059,000
i
June
of
—
Interest allowed lor deposit
1
May
June
Sixmonths
Open
Interest at
Rate.
3
Market.
2
Frankfort
Amsterdam...
Brussels
Vienna
St. Petersburg
Madrid
Copenhagen
2%
2%
3
3
3
2%
3
3%
5%
4%
..4
2j|
2 3-16
2%
3%
nom.
ZA
4
271,953,771
+1,177.745
+0.4
have been as
1
£
May
June..
Sixmonths
£
April
May
+8.0
+653,634
1904.
£
6,113,887
7,619,723
6.812,209
6,303,877
6,805,433
6,399.164
March
+11,589,554
+ 1.374.250
+3.819.027
144.116,667
£
January
February.
+2,920,604
+1,915.627
+3.8
+5.7
+15.7
+2.8
+12.0
+7.9
,
colonial produce since Jan. 1
1905.
•
RE-EXPORTS.
Per Ct.
+906,412
24,083,365
23,894,813
24,251,796
23,484.834
24.332,089
24,069,770
155,706,221
-.
The re-exports of foreign and
show the following contrast:
4.2
+0.8
DiJIerence.
£
24.989,777
25,269.063
28.070,823
24.138,468
27.252,693
25,985.397
+0.6
—
+4.6
follows:
1904.
1905.
April
June
Diljcrence.
£
Per Ct.
+7.1
+2.9
+401,887
+214.3S2
+865,560
+1,450,493
+1,219,747
+740,205
5.712,000
7,405.341
5.946,649
6,754.370
5,5*5,686
5,685,959
-J-14.7
—6.7
+22.2
+13.2
40,054,293
37,063.005
+2.991.288
+8.1
aggregate figures are official. They indicate that slight adjustments
monthly returns as issued.
have been made in the
NOTE — The
English Financial Markets
The
3
1-16
„
1%
1
2 @2%
2%@2%
2%
2%
1%
13-16@1%
2%
1%
1%
Bank
July
8.
IK
8
Bank
Open
Rale. Market.
3
2
3
2
3
2
3
2%
3
ZA
5
4%
2
4
3
3
3
2%
2%
2%
mm.
3%
2%
3%
5%
4%
4
Open
Rale. Market.
3
4
June
1
2%
2%
2%
2%
2%
3%
nom.
3%
4
Rate.
Market.
3
4
Nat.
3
a Phila.
a Phila.
a Phila.
ZA
4
Rock
Q
W
•
^
Wabash
'
•
152
a Price per share.^B
157
53A
54
20
183%
183%
20
158H
56
20
31%
88
48%
86%
77%
31%
47%
88
86
74
173%
151%
21%
173%
•
185%
,32%
88
48%
86%
77%
xl76%J
148%
151
21%
28%
64%
22
29
65
38
150
52%
88%
96
34%
•
I
100A
101
156%
96
131%
!
'.•
105%
117%
38
148
100
!
105
116
38
48%
47%
30%
65%
33%
\
5%
89
105
116
101
52%
88%
177
72
52
;
99.30
5%
148%
101
•
21%
29
64%
87%
5%
38
96
,
..
73
87%
Fri
27 A
90 7-16
90 7-16
%
%
148%
52%
87%
!
r
47%
S5%
Thurs.
27 3-16
90
90
99.40
148%
!
Wabash, pref
Wabash. Debentures "B"
32
88
Wed.
27 3-16
90 3-16
90 3-16
99.45
29
65
38
S
W
O
g
tt
.. ..
18ZA
173%
21%
2
2
2
g
S
Company
20
150%
..
Kj
Reading, 1st pref
Reading, 2d pref.
5%
S1A
105
116%
100%
155%
5ZA
85
73
172
§
S
g
Reading
Island
32%
88%
46%
•
Mex._.
UnionPacific.com
Union Pacific, pref
U. S. Steel Corp., com
U. S. Steel Corp., pref
'
•
&
&
&
20
182
\
Southern Pacific.
Southern Ry., com
Southern Ry., pref
—
....
of
53%
•
Norfolk & Western, com ...
Norfolk & Western, pref ...
Northern Securities
Pennsylvania
nom.
with a firmer exchange, 77s. 9%d. is quoted. At the Bank £5,000 has been taken
for Bolivia.
For the week. Arrivals South America. £1,300: Cane £300 000
Australia. £86,900; W. C. Africa, £7,400; West Indies, £38,100; Singapore £2 900'
Shipments Bombay, £67.700; Calcutta, £1,500. For the month of June
Arrivals
Germany, £29,400: Belgium, £36,700: France, £35,400; W. Africa £96 200Mexico, £70,200: Brazil, £53.000; S. Africa. £2,648, l60; India, £^20.000; Australia'
£203,600. Shipments Germany, £75,500; France, £619,300; Brazil £15 000'
•
South Africa. £15,0v.0; India £415.000.
•
•
•
.
.
•
^J
^
RR.
A
154%
N. Y. Cent. & Hud. River..
N. Y. Ont. & Western
*3
2%
2 7-16
2A
2%
— —
|
',
Central
& Nashville
Mexican Central
Mo. Kan. & Tex., com
Mo. Kan. & Tex., pref
Open
2A
3
ZA
5%
!
Illinois
24.
5
87
105
116
100
!
Erie, common
Erie, 1st pref
Erie, 2d pref
Tues.
27 3-16
90
90 1-16
99.Z1A 99-35
27"*
90
90 1-16
;
Louisville
Bank
3
3
3
A
Atch. Top. & Santa Fe.pref.
Baltimore & Ohio
Baltimore & Ohio, pref
Canadian Pacific
Chesapeake & Ohio.
Chicago Great Western
Chicago Milwaukee & St. P.
Denver & Rio Grande
Denver & Rio Grande, pref.
and open market rates at the
have been as follows:
July
Mon.
Sal.
d. 27 3-16
28.
Anaconda Mining Co
Atch. Top. & Santa Fe
1
1%
1%
oz...
per cts
Consols, new, 2
Consols, for account
French Rentes (in Paris). fr. 99.40
2%@2%
2%@2%
2%
London
London.
Week ending July
July 14.
7.
Per Cable.
daily closing quotations for securities, etc., at
as reported by cable have been as follows the past week:
95 15-16
£i / — loci.
24 7-16d.
221,751,000
Messrs. Pixley & Abell write as follows under date of
July 13:
GOLD. —Paris has again been the buyer of all arrivals at 77s. 9%d. but to-day
—
Per Ct.
+3.5
—2.9
since Jan.
January
February..
March
rates of discount
Bank
Hamburg
2
2%@2%
•
1%
1%
7tol4days
Rates 0}
£
+1.633,940
—1,265,582
+291,037
—1,898,937
+2,052.869
+360,623
EXPORTS.
50%
2%
2
13-16
1%@1
2 1-I6<a2%
2%@2%
2%@2%
Atcall
Paris
Berlin
2@2
1
July 15.
Difference.
£
46.132,520
44,110,519
48,692,275
45,181,763
44,780,098
43,196,784
273,131.516
The exports
Sliver, per
July
30.
2%
2 1-16
chief Continental cities
1904.
£
April
as follows:
June
15-16@2
By joint-stock banks
By discount houses
The Bank
have been as follows:
47.766.460
42,844,937
48.983,312
43,282,826
46,832,967
43,557,407
March
29,761,905
11,400,617
39,660,772
16,986,460
26,180,057
26,102,050
38.088,955
m
23.
2
—
990.000
1
1902-03.
1.965.000
240.000
1.040.000
1903-04.
3,220,000
165,000
980.000
Sixmonths
28,741,605
29,625,505
6,724,146
6,914,657
41.143,779
41,449,922
16,903,766
15.342,840
25,150.891
25,988.711
23,857,264
25,148,480
34,148,869
36,596.985
49 13-16
51%
3
3
89 *
92 15-16
26
£,\r ii-iuu.
16d.
iiydU.
24%d.
178,221,000 211,456,000
2%
England rate
—
17.516,392
22,124,589
July 16.
money have been
Open market rates
Bank bills 3 months
4 months
6 months
Trade bills— 3 months
4 months
Jan
1905.
IMPORTS.
£
i,
Clearing-House returns
The
July 15.
£
30,269,650
9,671,414
44,449,130
16,752,444
28,992.334
26.383,935
38,203,585
Public deposits
Bank
July 13.
qrs.
110,000
925.000
British imports since
January
February
1902.
£
q'rs.
The
1901-02.
bl, 768.396
wheat, flour and
of
Last week.
3,020.000
110,000
ors. 2.835.000
Flour, equal to
cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,
compared with the last three years:
July 12.
20.216,258
14,956.912
1,796,801
1.663,141
39,552,452
17.510,392
111.582,238 113,414,888 110,050, 148 101,409,377
30s. lOd.
28s. Id.
32s. Id.
26s. 6d.
27s. lOd.
30s. 7d.
26s. Od.
27s. 2d.
Total
ments.
those in London.
The India Council offered for tender on Wednesday 40
lacs of drafts and the applications exceeded 370 lacs at prices
ranging from Is. 4d. to Is. 4 l-16d. per rupee. Applicants
for bills at Is. 4 l-32d. per rupee were allotted about 47 per
1903.
of flour.
home-grown
1902-03.
70,998,717
16,845,298
22,200,103
1903-04.
79.582,336
17.410,143
16,422,409
...88,400,100
9,731,620
13,450.518
Average price wheat, week
Average price, seasonu..
eager the public was to get the allotIn Germany, the applications somewhat exceeded
19^4.
2,065,770
1,936,078
41,092,867
17,410.143
1904-05.
how
1905.
13,200>94
1):
Wheat imported, cwt..
It is believed,
the loan was and
23,222,134
13,123,208
1,692.511
1,349.545
34.913. 07S
19,845,298
28,444,026
Supplies available for consumption (exclusive of stock on
September
though, that Italy has now remuch gold as she requires, and hence that she
Italian demand for the metal will not continue.
The Japanese loan has been a very marked success. Everybody knew it would be successful; but few were prepared for
The subscription list was closed
so remarkable a success.
at half-past two on the day on which it was opened, and the
total subscriptions amount to about 100 millions sterling
that is, in about half a day the' portion of the loan allotted
to London was subscribed ten times over.
It is understood,
moreover, that the applications for small allotments, that is
for allotments of £100 of stock, amounted to between two
and three millions sterling. Of course a great deal of the
over-applications were factitious.
Nobody expected to get
the whole. But the figures, for all that, show how popular
going on.
ceived as
19,510,300
14,152,400
1,894,648
1.362,490
35,205,000
9.731,620
104
20
40
73%
52%
87%
96
179
72%
52%
48%
48
31
66
33%
101
132
100
35
105
19%
39%
71%
28
64%
177%
72%
53
48%
48
31%
65%
33%
100%
131%
177%
72%
53%
34%
48%
47%
31%
•
•
47%
32
66%
66
33%
•
34
101
133%
100%
•
•
35%
•
105%
105%
19%
39%
•
•
49
35
104%
19%
•
73%
53%
100%
132%
100%
100
39
71
53%
89%
96
178
19%
71
.
40<
•
.
•
!
•
'
.
[•
171%
.
.
S
•
»!
.
July
.
29
.
,
THE CI1RONICLK.
l9or>.
(Toinmcvcialan(iiUi6ccU;\ncou5i\cui5
1ST
Arthur Strove. President; Fred Wil
President; Carl
Ehrhardt, Cashier. Succeeds Bank ol Beecher.
Capital,
first National Bank ol Hannaford, North Dakota.
r 7.7
S. 11, .1\
v. H. Hem, President; \\
125,000
sue, eed
lountjr
dent; A. O. Anderson, Cashier.
G
Stale Bank.
Capital, 125, ooo.
it. k.
The National Bank of Benld, Illinois.
7,728
President c. I, Hamilton, Cash
Dorsej
Capital. §25,000.
7,71".) -The First National Bank of Canton, Missouri.
Junius Tompkins, President; C. W. Barren, vice President;
'.
Cashier; Frank F. Page, Assistant Cashier.
C. Millspaugh,
Conversion Of The Citizens' Bank of Canton.
Capital,
First National Bank of St. Petersburg:, Florida.
7,730—The
John Trice, President; T. A. Chancellor, Cashier.
$25,000.
Succeeds West coast Bank of St. Petersburg.
Capital, $25,7 7:31- The First National Bank of Valley View, Texas.
n. i'. Head, President; J. B. Weils; Vice-President;
000.
Richard I'. Head, Cashier. Succeeds Citizens' Bank.
7,732—The First National Hank of Lonaconing, Maryland. Capital,
M. A. Patrick, President; James B. Dixon, Vice§25,000.
-The
.
FOREIGN TRADE OF NEW YORK. -MONTHLY
STATEMENT.—In
addition to the other tables given
in
department, made up from weekly returns, we give the
following fiuuivs for the full months, also Issued by our New
York Custom Bouse. The firel statement covers tin- total
imports and exports of merchandise ami the Customs receipts
for the twelve months of the last two seasons.
this
Merchandise Movement
Xew
at
York.
Custen
New
hi
Imports.
Month.
35,656,730
39,594,900
44.585
48.803,417
--.">
1
47,572,945
47.295.127
49,994,976
46.013.563
1.3 10
Novem'r 57.902.844
Dcce ber 57 993 SS0
January
Febru ry
March..
60,787.016
66, 183,435
16,661
57.437,869
52,380
April...
May ...
53.243.120
55,266,731
50.002,465
47.324.244
48,254,991
.">
42,165
52,927 (si
1,684 23
47,440 240
45,350 530
39,210 736
U'50
15.35 1,507
17,77 1.941'
51, 197,103
1
1
45,280, 157
42,508,066
38 m>. o 15
47.289.626
49. ITS. 410
42,365,553
45.901,292
1
L.125
1904-05.
S
37. sir. 937
37,070 104
$
S
50.25'i.
42.076.639
52.79S
19 'v.i 970
70,
1903-04.
1004-05.
1904-05.
July ...
August .
Sept'ber
October.
York.
Ex ports.
l
1,569 116
4 1 ,092 679
36,404 98S
39.322 405
1903-04.
$
12.991 lis
15.015 971
15,042 410
15,904 940
14.701 716
13,938 1399
15.848 906
1
1.597
142
15,781 ;796
12,530 157
12,696 ;3oo
13.142 ,232
i
President;
1
733— The
7,734
17.201
»,092
1,708.884
14.5"
14.91
13.Hi12,109,942
—
— The
1
7 735
Qjhi Movement at
Month.
1904-05.
—
—
7,738
—
—
AU2TUM
September
October
7,740
—
—
December.
January . .
February .
March
.114,190
610.959
3.333.176
1,151,484
207.609
703.140
May
June
Imports
1904-05.
1904-05.
1903-04.
S
7,741
1904-05.
$
$
257,896
263.164
318.214
294.0S9
19,034
279,347
325.706
220,314
655,043
5SS.386
508.220
238.130
3,548,135
3,475,324
2.50S.431
1,887,388
2. 183,977
2,499,004
7,742
NATIONAL BANKS.—The
garding national banks
3,973.543133.536.315
following information
re-
from vhe Treasury Department.
is
NATIONAL BANKS ORGANIZED.
—
—
7,709
—
—
Centralia.
The First National
Bank of WoodviUe, Indian Territory. Capi$25,000.
H. G. Beard, President; A. G. Noble, VicePresident; Ollie G Beard, Cashier; Ion J. Weatherford, AsSucceeds Bank of WoodviUe.
sistant Cashier.
The First National Bank of Princeton, Minnesota. Capital,
$30,000. S. S. Petterson, President; T. H. Caley, VicePresident; John F. Petterson, Cashier.
Conversion of the
Citizens' State Bank of Princeton.
Tiie Virginia National Bank of Petersburg, Virginia.
Capital,
3300,000. Aug. Wright, President; Joseph W. Seward,
Vice-President; Walter Sparklin, Cashier.
Succeeds Peters-
Company.
Pen Argyl
—The burg$50,000.National Bank, Pen Argyl, Pennsylvania. CapiH. Werner, President; A.
Meyers, VicePresident; William H. Over, Cashier.
National Bank of Sardis, Ohio. Capital, $25,000.
7,711 — The
John Hess, President; Hugh E. Davenport, Vice-President;
Banking and Trust
7,710
J.
tal,
J.
First
John P. Goodwin, Cashier.
7.712— The
National Bank of Grand Tower, Illinois. Capital,
Charles C. Huthmacher, President; Lewis M.
$25,000.
First
Crow,
Cashier.
— The Citizens'
7,713
tal,
7,714— The
National Bank of San Francisco, California.
Douglas S. Watson, President;
$200,000.
Cashif-r.
First National Bank of
A. J. Mention., President;
It.
E.
Tioga, Texas.
Capi-
Capital, $25,000.
M. W. Gililland, Vice-President;
John W.
Chambers, Cashier;
Gililland,
Assistant
Cashier.
Mechanics'
—Tiie Capital, -American National Bank of
Walker
7,715
St. Louis, Missouri.
President; L. A. Bat-
Hill,
$2,000,000.
Succeed-) The Mechanics'
Cashier.
National
and
American Exchange national banks of St. Louis, Missouri,
to be place. in voluntary Liquidation.
taile.
7,710
— The
i
Bank
Citizen-' National
tal,
$50,000.
John
of Newport. Pennsylvania.
CapiFleisher, President; J. E. Wilson,
ler.
— The
First National Bank of Columbia, Illinois.
Capital, $25,l.l.v
000.
ring. President; H. N. Kunz, Ca
7,718 Firel National Bank of Fairbanks, Alaska.
Capital, 150,000.
mel A. Bonnineld, President: Luther C. Hi
iier.
7,719 The Firel National Bank of Lodi, California.
Jno. B. Cory, President: M. W. Shidy,
tj
,
Cashier.
7,720-T:.- First National Bank ol Las Crui
Mexico. Capital,
$50,000.
lent; Nathan Boyd, \
L&2
7,717
—
—
i
I
-
—
7,721
ionaJ
;
— The
ooo.
M
President;
Bank
Bank
J. 8.
of
7,724
7,725
— The
Capital, Hale, Vice-
,
American National Bank
(
I
wood.
— The
First National
J.
—
Assistant Cashier.
Bank, Hugo, Indian
Hugo
—The $50,000.NationalMcReynolds, President; Territory. Capital,
F.
B. A. Nelson,
7,747
J.
Adams,
Vice-
Cashier; J.
H. Jackson, Assistant
Bank, Ozona, Texas.
— The Ozona NationalPresident; L. B. Cox,
Capital, $50,000.
J.
Vice-President; J. B.
President; Arthur
Cashier,
7,748
W.
Henderson,
Reilly, Cashier.
— The People's
National Bank of Rochester, Pennsylvania. Capi$50,000. John Conway, President; James G. Mitchell,
Vice-President: Joseph C. Campbell, Cashier. Succeeds
John Conway & Co., private bankers.
7,750— The First National Bank of Dahlgren, Illinois. Capital, $25,000.
J. H. Miller, President; Albert Sturman, Vice-President; W.
B. Maulding, Cashier. Succeeds Citizens' Bank of Dahlgren.
7,751
The National Bank of Beattyville, Kentucky. Capital, $25,000.
John J. McHenry, President; Theo. B. Blakey, Vice-President; Pope McAdams, Cashier; Monroe McGuire Assistant
Conversion of The Beattyville Bank.
Cashier.
7,752 The National Bank of Shawneetown, Illinois.
Capital, $25,000.
Louis W. Goetzman, President; E. Eberwine, Vice-President;
D. E. Froehlich, Cashier.
7,753— The Bay City National Bank, Bay City, Texas. Capital, $5C,000.
Hy. Rugeley, President; T. J. Poole, Vice-President;
Succeeds Bay City Bank.
J. P. Keller, Cashier.
7,754 The Metuchen National Bank, Metuchen, New Jersey. Capital,
Charles L. Corbin, President; Robert D. Kent, and
$30,000,
F. E. Barnard. Vice-Presidents; Alex. C. Littersl Cashiei
7,755 The First National Bank of Garretson, South Dakota.
Capital,
$25,000. Thomas Wangsness, President; E. J. Berdahl,
Vice-President; E. L. Swift, Cashier. Succeeds Garretson
State Bank.
7,756 Farmers' National Bank of Tecumseh, Oklahoma.
Capital,
)0.
M. L. Caldwell, President; II. V. Foster, \
$25,000.
President; A. G. Caldwell, Cashier; T. E. Durham, Assistant
Cashier.
Succeeds Farmers' Bank.
7,757— The First National Bank of Jasper, Florida. Capital, $30,000.
w. Y. Sandlin, President: W. H. Greene, First \
dent; C. I». BlackweU, Second Vice-President; II d
art, Cashier.
Succeeds BlackweU Banking Co
7,758— The Marion National Bank, Marion, Indiana. Capital, $200,000.
Fred W. Willson. President; J. Wood Wii on,
dent; E. E. Blackburn.
Ubei J H
uange
Cashier.
To succeed me Jason Willson Cpmp
Bank of Marion.
The First National Bank of Powhatan Pi
7.759
R
$25,000.
Henry J. /.ink, President; \
President; B. R. BarnBenjamin
ant Cashii r.
7,760—The Corydon Nal
al Bank, Cory don, India
ooo.
oi
W. Applegati P
di nt, W. B. Slemoi
don.
. _
7,761—The irst National Bank of Winamac, India
M
000
\\
S. Huddleston, Presidi nl
7,749
tal,
.
—
—
—
—
.
,
—
.
\
I
i(
I
.
i
iltal,
.-
'
.
i
.
.
,
'
Wetnmk
I
ritory.
—
Reed, President; James P
Reed, Cashier.
The German-American National Bank ol Fort w
—
Samuel m. Foster,
$20X1,000.
<z and C. F. Pfeiffer, V
hofT, Cashier.
The First National Bank of Beecher, Illinois.
Vice-President; John
Capital,
Cashier.
of
First National Bank of Glenwood, Minnesota.
Capital,
Alba Webster, President; P. Peterson, Vice-Presi$35,000.
Succeeds Bank of Glendent; VV. F. Dougherty, Cashier.
.
city National Bank of ttadill, Indian Ti
$50,000.
W. li. Lawrence, Pr< sident; «' i.. Jo
a. Bensha v, VI
?. 8
Vaden, C
Capital,
7.726
3.
Trevorton, Pennsylvania.
Mengel, President;
:dent,
7,723— The
Windsor, Vermont.
President:
Walter J. Baxie, Cashier.
7,722
i.OOO.
oi
ana.
Capi-
iei
— The
Oscar
tal,
7, 70S
of Excelsior Springs, Missouri.
Adrian Gordan, President; F. M. Kern, Cash-
$25,000.
—
Certificates Issued April 2-4 1905, to July 21 1905.
7,706 The First National Bank of Centralia, Indian Territory. Capital,
$25,000. T. R. Montgomery, President; E. C. Periman, VicePresident; T. C. Montgomery, Cashier.
Succeeds Bank of
7,707
Bank
First National
Bank of Elko, Nevada. Capital, $100,000.
Smith, President; Bert L. Smith, and E. S. Farrington, Vice-Presidents; R. H. Mallett, Cashier:; J. C. Doughty,
Succeeds The Eureka County Bank of
Assistant Cashier.
Elko.
Capital, $100,000.
7,744— The Athens National Bank, Athens, Ohio.
W. N. Alderman, President; H. D. Henry, Vice-President;
J. D. Foster Jr., Cashier.
7,745 The Huntington National Bank of Columbus, Ohio.
Capital,
P. W. Huntington, President; F. R. Huntington,
$400,000.
Theo. S. Huntington, Cashier; B.G.HuntVice-President;
Succeeds P. W. Huntington &
ington, Assistant Cashier.
Co., Bankers.
7,746 The First National Bank of Jasper, Alabama.
Capital, $50,000.
J. H. Cranford, President; P. P. Hunter and J. M. Cranford,
Vice-Presidents; Asa Cranford, Cashier; H. W. Cranford,
7,743
10,926.800 26.114.132 79.046,632 75.780,976
Total
Bank.
County
tal,
3,13S,Srl5
3,567.990
3.059,023
1.480,767
2,410,719
3,770,032
York.
Citizens' National
— The
Exports.
535
489, 70S
422,347
225,399 8.283 022
534.003
333.426 1,256 345
110.260
206.370 3.323 990
178.100
7.088,627 19,516 284
886.163
11.511.015 8,901 !564
812.454
4.019,112 15.06S 907
636.2S5
174.926 14 647 636
257,674 2.232 099
,863.058
21S.934 1.136 912 19 .27S.579
115 739 41 678.667
1.152.086
S90.662
712.309 3.90S 573
1,312,437
April
I
S
154.24S
>.3G9
.
Silver— XewlYork.
York.
Exports.
1903-04.
S
155.309
243.588
455. 42S
1,384,045
July
November
Sew
Imports.
New
Bank of Lansdalo, Pennsylvania. CapiHenry L. S. Ruth, President; George S. Sny$50,000.
der, Vice-President; E. It. Musselman, Cashier.
The Citizens' National Bank of Guthrie Center, Iowa. Capital,
Jno. W. Foster, President; T. J. Foster, Vice$25,000.
President; O. D. Williams, Cashier; V. R. Jones, Assistant
Succeeds Citizens' Bank of Guthrie Center.
Cashier.
First National Bank of University Place, Nebraska.
Capital,
Charles G. Anderson, President; D. W. C. Hunt$25,000.
ington, Vice-President; E. S. Kirtland, Cashier; Milton E.
Burke. Assistant Cashier. Succeeds Windoni Bank.
The First National Bank of Turlock, California. Capital, $25,000.
O. McHenry, President; Garrison Turner, Nice-President; C. O. Anderson, Cashier.
The First National Bank of Moweaqua, Illinois. Capital, $25,000. J. E. Gregory, President; Will G. Thompson, VicePresident; J. W. Gregory, Cashier; H. R. Gregory, Assistant
Succeeds Commercial Bank of Moweaqua.
Cashier.
The Claiborne National Bank of Tazewell, Tennessee. Capital,
$25,000. G. W. Montgomery, President; H. Y. Hughes,
Vice-President; W. H. Eppes, Cashier.
Succeeds Claiborne
7,736
Total. 609.715.551 GOO.095.4S9 523.75S.006 500.058,220 172.191.417 170,968,561
The imports and exports of gold^and silver for the twelve
months have been as follows:
Shultice, Cashier.
Bank of St. itegis Falls,
tal,
7,739
13,324,948
W. W.
St. Regis Falls National
11. E. O'Neil, President; Franks. Young,
Capital, $25,000.
Vice-President; John A. May, Cashier.
The American National Bank of Graham, Virginia. Capital,
William E. Fowler, President; D. G. Lilly, Vice125,000.
President; E. A. Williams, Cashier.
7,737
June ...
I
;
.
7
16,199,61 t
15, 193,122
I, 122,025
l(
.
i
.
P
.
i>.
ler.
liana.
Pn
Idei
"
li
Succeeds
.
Keller, Cashier; F. E.
Bank
ol
K
U
Winan
fatlonal B ink, La Gra
$150,000. Fuller
M. Loi
Glanton, Assistant Cashier.
National Bank. East Ha
7,763—East E
pftal.
7,762—The La
I
I
C.
1
'
1
Capital, $50,000.
irk.
"
Cap-
tup: chronicle.
488
7,764
—
—
7,765
Hiram Sherrill, President- Charles \V. RackHal, $25,000.
ett Jr., Vice-President; B. H. Van Scoy, Cashier,
The First National Bank ot Motley, Minnesota. Capital, $25,Isaac llaziett, President; William A. Lancaster, Vice000.
President; I). L. Case, Cashier; S. W. Jacobs, Assistant
Succeeds Hank of Motley.
Cashier.
The State National Bank of Jennings, Louisiana. Capital,
$60,000. T. L. Waddell, President; P. L. Lawrence, VicePresident; ('. 1>. Andrus, Cashier; E. 1). Conner, Assistant
I fisii i(*r
Cashier.
Colora
The Mesa County National Bank of Grand Junction, Colorado.
Wendell I'. Kla, President; (ieorge P
rge
Capital, 8100,000.
Succeeds
Smith, Vice-President; Orson Adams Jr., Cashier. Succe
Mesa County State Bank
The First National Bank of Toppenish, Washington. Capital,
F. A. Williams, President; Edward J. Jaeger,
$25,000.
Vice-President; H. M. Gilbert, Cashier.
The First National Bank of Jeanerette, Louisiana. Capital,
Hippolyte Patout, President; George John Labau
$50,000.
and St. Paul Bourgeois, Vice-Presidents; Marcus Breckinridge Tarleton. Cashier.
The First National Bank of McClure, Pennsylvania. Capital,
Ner B. Middlesworth, President; H. Calvin Ulsh,
$25,000.
Vice-President; E. W. P. Benfer, Cashier.
The Farmers' National Bank of Luverne, Minnesota. Capital,
President; B. E. Shuck, Cashier.
$25,000;
Conversion of the Security Bank of Luverne.
Bank, Thomas, Oklahoma. Capital,
The Thomas National
$25,000. G. J. E. Moser, President; F. A. Moser, VicePresident; A. L. Moser, Cashier. Succeeds Thomas State
7,766
—
7,767
—
7,768
—
$25,000.
—
7,771 —
7,770
—
—
7,804
—
7,805
— The
7,806
—
7,807
—
7,808
—
7,809
—
7,810
7,773
Capital, $25,National Bank of Hawley,
— The First F. H. Wellcome, President;Minnesota.Lee, Cashier; H.
Guy A.
—
000.
Glaisyer, Vice-President.
The Ellston National Bank of Crawfordsville, Indiana. Capital,
$100,000. I. C. Elston, President; R. C. Scott, Cashier; C.
M. Crawford, Vice-President. Succeeds Elston & Co.,
7,774
Otselic
— The Capital, Valley
$27,500.
7,775
—
Otselic, New York.
Benjamin F. Gladding, President; Frank
Cashier; Ralph R. Brown, Vice-President.
E. Cox,
of
W.
W.
—
7,776
Vice-President; E. A. Nicolaus, Vice-President; A. L. Darrow, Cashier.
The Citizens' National Bank of Albany, Georgia. Capital,
Jno. K. Pray, President; A. P. Vason, Vice$50,000.
—
President; Edwin Sterne, Cashier.
7,778 — The First National Bank of Chipley, Florida. CaDital, $50,000.
A. Alford, Vice-President; W. O.
E. N. Dekle, President;
Succeeds Dekle & Co., private bankers.
Cashier.
Butler
Lemoore, California.
National Bank
Capital $25,7,779 — The
B. K. Sweetland, President; Stiles McLaughlin, Vice000.
7,777
S.
7,812
East
— The National Bank of New England ofPurple, Haddam, ConnectiA. E.
Capital, $50,000.
President; A. H.
cut.
7,813
—
814
—
7
—
7,783 —
7,782
7,784
—
7,785
—
786
—
7,787
—
7,788
—
7,789
—
7
Cowan, Cashier.
Rock
National Bank
—The H. Harrington, President; Creek, Ohio. Capital, $50,000.
G. S. Harvey,
Fred
CO McConnell, Cashier. Middletown, Vice-President;
National Bank
Capital,
7,791 — The
$25,000. James A. Glenn, President; John W. Shaver, VicePresident; John H. Keest, Cashier.
Jeannette, Pennsylvania. Capi7,792 — The People's National Bank
Collins Greer, President; Edmund Fisher,
$50,000.
of
First
7,790
of
First
Illinois.
of
J.
Vice-President; Alf.
816
—
7 817
—
7818
—
7
Assistant
Cashier.
Wellington,
First
— The $25,000.National Bank ofPresident; F.
P. Anderson,
7,794
First National
— The $25,000. F. D.Bank of Highmore, South Dakota. Capital,
Greene, President; W. D. McDonald, Vice-
President;
John
—
—
—
—
—
—
—
—
—
7 831
of Tiffin.
7,796
7
National Bank of St. Petersburg, Florida. Capital, $25,000.
— The F. A. Wood, President; A. F. Bartlett, Vice-President; T.
K. Wilson, Cashier.
7,797 The Brown National Bank of Jackson, Minnesota.
Capital,
$40,000. John K. Brown, President: J. W. Cowing, VicePresident; H. L. Strom, Cashier; Joseph J. Pribyl, Assistant
Succeeds Bank of Jackson.
Cashier.
7,798 The Farmers' & Merchants' National Bank of Venus, Texas.
B. C. Kelly, President; Walter Barnes,
Capital, $25,000.
Vice-President; C. L. Barker. Cashier.
7,799 The People's National Bank of Hackensack, New Jersev. CapiW. A. Linn, President; Courtlaridt Linktal, $100,000.
roum, Vice-President; Irving H. Labagh, Cashier. Conversion of the People's Bank of Hackensack.
7,800— The First National Bank of Sardinia, Ohio. Capital, $25,000.
Jacob Bauer, President; J. N. Plummer, Vice-President; F.
H. Slaughter, Cashier.
7,801
The First National Bank of Escondido, California. Capital,
Henry E. Rohlf, Cashier. Conversion of the
Sawyer County State Bank.
832 The Morgan County National Bank of Fort Morgan, Colorado.
M. L. More, President; R. M. Handy.
Capital, $50,000.
Succeeds Morgan
Vice-President; J. H. Roediger, Cashier.
Countv Bank.
833— The First National Bank of Randolph, Iowa. Capital, $25,000.
H. J. Failing, President: W. A. Townsend, Vice-President;
h! M. Townsend, Cashier. Succeeds The Bank of Randolph.
834 The American National Bank of McMinnville, Tennessee. CapiJ. B. Biles, President; J. J. Meadows, Vicetal, $50,000.
—
'
7
Succeeds First State
Highmore.
7*795— The Commercial National Bank of Tiffin, Ohio. Capital, $150,000.
R. D. Sneath, President; J. B. Runyan, Cashier; W.
W. Keller, Assistant Cashier. Succeeds Commercial Bank
of
First
— The$25,000.National Bank of Hayward, Wisconsin. Capital,
Edward Hines, President; Thos. S. Whitten, Vice-
President:
S. Cusack, Cashier.
President; C. P. Swanson, Cashier.
Bank
Colorado. Capital,
M. Wright, Vice-
7
—
President; C. J. Potter, Cashier.
835
7
Springvale National Bank, Springvale, Maine. Capital,
— The $25,000. George W. Hanson, President: George H. Roberts,
Stanton
— The $50,000.
7 837
Fort
Poudre Valley National Bank
— The Capital, $150,000. Nathaniel C.ofAlford, Collins, Colorado.
President; James
Conversion of The Citizens' Bank of Stanton.
—
—
Vice-President; Hiram B. Rowe, Cashier.
National Bank, Stanton, Nebraska. Capital,
F. P. Hanlon, President; Agge Axen, Vice-President: J. Eberly, Cashier: H. P. Zibler, Assistant Cashier.
7 836
—
—
Company
Marion Center National Bank, Marion Center, Pennsylvania.
Horace J. Thompson, President; Charles
Capital, $35,000.
R. Griffith, Vice-President; William L. Buchanan, Cashier.
Bank of Jamestown, North Dakota. Capital,
7,820 Citizens' National
$50,000. J. J. Nierling, President; Morris Beck, Vice-President; C. R. Hodge, Cashier.
Farmers' National Bank of York, Nebraska. Capital, $50,000.
7,821
Charles A. McCloud, President; Charles A. Schrandt, VicePresident; A. B. Christian, Cashier.
7,822 The First National Bank of Haskell, Indian Territory. Capital,
D. W. Hogan, President; Carr Peterson, Vice$25,000.
President; Cleat Peterson, Cashier.
The Central National Bank of Buffalo, New York. Capital
7 823
$200,000. Geo. F. Rand, President: J. F. Schoellkopf and
John D. Larkin, Vice-Presidents; S. F. Nivling, Cashier.
7,824— The First National Bank of Batesville, Indiana. Capital,
$30,000. John A. Hillenbrand, President; John Meyer, VicePresident: T. Sanders Orr, Cashier.
7,825— The Farmers' National Bank of Haskell, Texas. Capital, $25,T. L. Montgomery, President; H. M. Rike, Vice-Presi000.
dent; R. C. Montgomery, Cashier; H. E. Fields, Assistant
Succeeds Farmers' Exchange Bank.
Cashier.
The Citizens' National Bank of Middletown, Pennsylvania. Capi7 826
J. W. Rewalt, President; Harry A. Bell,
tal, $50,000.
Cashier.
The Bradv National Bank, Brady, Texas. Capital, $50,000.
7 827
F. M. Richards, President; John P. Sheridan, Vice-President:
F. W. Henderson, Cashier; W. H. Ballou, Assistant Cashier.
The First National Bank of Everly, Iowa. Capital, $25,000.
7 828
A. W. Sleeper, President; Peter Ketelsen, Vice-President:
Lewis Scharnberg, Cashier; W. H. Sleeper Jr., Assistant
Succeeds Farmers' and Mechanics' Bank.
Cashier.
7829 The National Bank of Mena, Arkansas. Capital, $50,000. R.
M. Quigley, President; James D. Shaver, Vice-President: F.
N. Hancock, Cashier; H. A. Babcock, Assistant Cashier.
Succeeds The Bank of Mena.
The Ferdinand National Bank, Ferdinand, Indiana. Capital,.
7 830
$25,000. John G. Beckmann, President; F. X. Rickehnann
Black,
7,793
Mullens, Vice-Presidents; E. Mitchell, Cashier.
Stockton National Bank, Stockton, Kansas. Capital,
$40,000. J. W. Anderson, President: George Yoxall, VicePresident; E. J. Williams, Cashier; E. L. Williams, Assistant
Conversion of The Exchange State Bank of StockCashier.
ton.
The Citizens' National Bank of Vandergrift, Pennsylvania.
S. H. Grimm, President; William Welsh,
Capital, $50,000.
Vice-President; Dean Clark, Cashier.
National Bank of Chattanooga, Tennessee. CapiThe American
H. S. Probasco, President; J. C. Guild, Vicetal, $250,000.
President; Frank A. Nelson, Cashier; George Gardenhire,
Succeeds The Bank of Chattanooga.
\ssistant Cashier.
The City National Bank of Columbus, Ohio. Capital, $300,000.
Foster Copeland, President; C. H. Hanna, Vice-President; J.
Conversion of the City Deposit Bank
J. Jennings, Cashier.
— The
7,819
tal,
T. Smith, Cashier; James G.
Dayton, Vice-President; E. N. Peck, Cashier. Succeeds The
National Bank of New England of East Haddam, No. 1480.
The First National Bank of Lestershire, New York. Capital
$50,000. W.J. Jones, President; C. Fred. Johnson, VicePresident; W. H. Windus, Cashier.
The Jacksboro National Bank, Jacksboro, Texas. Capital,
W. A. Shown, President; C. O. Hess and J. G.
$25,000.
7815— The
—
Savings Bank Company.
The First National Bank of Graham, Virginia. Capital, $25,000.
W. B. Morton, President; James F. Dudley, Vice-President;
J. E. Morton, Cashier.
The First National Bank of Lamont, Oklahoma. Capital,
$25,000. A. C. Thompson, President; W. C. Muegge, VicePresident; L. H. Thompson, Cashier; W. J. Robinson, Assistant Cashier. Succeeds The Bank of Lamont.
The Silverton National Bank, Silverton, Colorado. Capital,
$25,000. George H. Williams, President; Nelson A. Ballou,
Vice-President; Guy L. V. Emerson, Cashier; W. M. Montgomery, Assistant Cashier.
The Peckville National Bank, Peckville, Pennsylvania. Capital,
$50,000. J. D. Peck, President; F. H. Himelright, VicePresident; T. G. Winter, Cashier.
The Mount Vernon National Bank, Mount Vernon, Indiana.
William M. Ford, President; William E.
Capital, $50,000.
Holton, Cashier; Herbert B. Fitton, Assistant Cashier.
The Franklin National Bank of Newark, Ohio. Capital, $250,000. W. A. Robbins, President; William L. Prout, ViceSuccfeds The People's
President; W. B. Hopkins, Cashier.
National Bank of Newark and The Franklin Bank Company.
The American National Bank of Sapulpa, Indian Territory.
Charles Whitaker, President; R. A. BowCapital, $25,000.
den, Vice-President; W. M. Crawford, Cashier. Succeeds
International Bank of Sapulpa.
The First National Bank of Rogers, Arkansas. Capital, $25,000.
George D. Parks, President; F. Z. Meeks, Vice-President; W.
Tolley, North Dakota.
Capital,
President; J. N. Fox, Vice-President; J. M. Hynes, Cashier.
The Walters National Bank, Walters, Oklahoma. Capital,
D. T. Carter, President; W. D. McNees, Vice$25,000.
President; R. H. Sultan, Cashier; J. T. Sawyer, Assistant
Cashier.
—
of
President; F. J. Peacock, Cashier; F. E. Dingley, Assistant
Cashier.
7.780 The First National Bank of Talihina, Indian Territory. Capital,
$25,000. John T. Bailey, President; A. G. Gladney, ViceSucceeds Bank of TaliPresident; Arthur Bailey, Cashier.
hina.
7,781- -The Central National Bank of Portsmouth, Ohio. Capital,
$100,000. Levi D. York, President; S. S. Halderman, ViceSucceeds Central
President; George E Kricker, Cashier.
National Brookville Bank, Brookville, Indiana. Capital,
John C. Shirk, President; George E. Dennett,
$50,000.
Succeeds Brookville Bank.
Cashier.
The Clinton National Bank, Clinton, Missouri. Capital, $50,000.
William Docking, President; W. H. Gibbins, Vice-President; C. W. Snider, Cashier.
The Sabinal National Bank, Sabinal, Texas. Capital, $30,000.
Louis M. Peters, President; Leon F. Heard, Vice-President;
Merton Swift, Cashier.
The City National Bank of St. Louis, Missouri. Capital, $200,M. Landau, President; John E. Allan, First Vice-Presi000.
dent; P. J. Farrington, Second Vice-President; H. R. Rehme,
Cashier.
The First National Bank of Granada. Colorado. Capital, $25,Starr C. Gregory, President; Lilburn D. Boggs, Vice000.
President; James L. Mayheld, Cashier; John N. Akey, Assistant Cashier. Succeeds Farmers' and Merchants' Bank of
7,811
Jr.,
First
Cashier.
J.
South
The First National Bank of Midlothian. Texas. Capital, $50,Hawkins, Vice000. J. P. Anderson, President; M.
Newton, Cashier. Succeeds Citizens' Bank
President; G.
of Midlothian.
The Fort Sutter National Bank of Sacramento, California.
F. Ruhstaller, President; G. J. Bryte,
Capital, $200,000.
,
Granada.
h nn leers
National Bank
W. H. Hubbard and
Bank of
First
— The$25,000.National Mathews,
L.
.
Bank.
7,772
Louis J. Wilde, President;
Vol. lxxxi,
Arthur B. Jones, Vice-Presidents; S. A. Reed, Cashier, v,
The First National Bank of Flora, Indiana. Capital, $25,000.
Edward C. Kitziniller, President;
Cashier.
The Hollvwood National Bank, Hollywood, California. Capital,
Edwin O. Palmer, President; E. J. Marshall, Vice$25,000.
President: <;. G. Greenwood, Cashier.
The Bowline Green National Bank, Bowling Green, Kentucky.
J. P. Cox, President;
Capital, $100,000.
,
7,803
7,802
—
7,769
[
7 838
7 839
•
•
-
•
•
B. Arthur, Vice-President; Charles H. Sheldon, Cashier;
Verner U. Wolf, Assistant Cashier. Conversion of the Poudre Vallev Bank.
The First National Bank of Franklin, Texas. Capital, $25,000.
Robt. S. Glass, President; T. T. Easter, Vice-President; Gt.
H. Albert, Cashier; R. M. Duffey, Assistant Cashier.
The Longmont National Bank, Longmont, Colorado. Capital,
$50,000. J. W. Paxton, President; Willis A. Warner, VicePresident; F. W. Flanders, Cashier; J. E. White, Assistant
Succeeds Bank of Longmont.
Cashier.
•
„.
.
1
)
July
3,069
CHANGE OF
TITLE.
New Orleans." Louisiana,
Whitney-Central National Hank ol New oilcans."
Whitney National Hank
••The
of
Monument National Hank of
— The gone Into voluntary liquidation Boston, Massachusetts,
bj resolution
u^ stock
lias
ol
1,591
—
holders dated June 29 1905, to take effect on thai date; to
consolidate with the Bunker Hill National Hank of Charlestown, No. 635.
has
The Germania National Hank ol New Orleans,
gone into voluntary liquidation by resolution ol its stockholders dated July l, to take effect Julj 3 1905; to be abNew Orsorbed by The Whitney-Central National Ban
3,691
i
—
I
.
.
.
489
,
—
Corn.
Il7i.«f.
Oats.
Hiirlrt/.
/,
bush.
bush, Z2 lbs, bushASlbs.
I.I 12,100
1,876,800
bblS.W
102,176
Chicago
Milwaukee
Duluth
».
92.400
45.424
-
107,200
96,200
Toledo
[60,000
St
.
.nun
12.849
1,300
1,204, 138
13,350
Kansas
50,200
2,491,000
320,621
315,658
382.694
Peoria
5,280
2,769,247
3,658,653
fjltj
Total wk. '05
Same wk.
'0
n k. "03
4,000
350, 170
.'.7.0(1
228,200
124,800
6.300
2,000
1.000
2,606,367
2,103,111
3,271,703
418,904
270,656
267,806
17,956
61.119
97,891
i
56,295
66,745
253.980
188,000
364.000
,
780
44,615
Louis...
76,950
69,022
183,620
86, 167
293,510
84,700
28,000
171,910
o
19,000
,e
Detroit
ind
i;i.
.
Minneapolis..
or,.
of
al
II
National Hank of Colfax, Washington, has gone into
voluntary liquidation by resolution of its stockhold
24, to take effect June 30 1906; to be absorbed by rhe
\ National Hank. No. 7,095.
The Chattanooga National Hank. Chattanooga, rennessee, lias
stock
gone into voluntary liquidation by resolutio
ited June 29, to take effect June 30 1905; to conlate with The First National Hank of Chattanooga, No.
1,983—The American National Hank
.
.
>
ins.
First
rhe
3,076
.
The movement of breadst nfTs to market CU9 indicated in the
statements below is prepared by us from figures collected by
the Xew York Produce Exchange.
The receipts at Western
Lake and river ports for the week ending last Saturday and
for each Of the last three years, have been:
since Aug,
to
LIQUIDATION.
1,005
.
THE CHRONICLE.
29 1905.]
— "The
.
.
.
2,930,900
2,128,846
2,
.-.7.').
'.HI
866
I.
oi in
\Ug.
1904-05 _. 16.712,603 206,361,728 188,501,180 161,615,017 85,347 i<i8 6 583 843
is
1903-04
»,919,396 215,666,149 168,704, 168 I56,.sn3,5<)1 65.1
.-.'.V. 7,055,361
1902-03 .. 20;240 258 244,890,617 164,045.635 188,777,662 56,609,360 8,2971066
Deadwood, South Dakota, was
1
placed in voluntary liquidation Juno 30; to consolidati
National Hank of Deadwood.
tonal Hank of College Corner. Ohio, has gone into
5,277 -Tinvoluntary liquidation by resolution of its stockholders dated
ju».- i, to take effect Jul.\ l 1906.
i>.00t>
The Lumbermen's National Hank of Tacoma, Washin
placed in voluntary liquidation June 28; to consolidate with
Tin- Pacific National Hank of Tacoma.
'
i
I
;
Receipts at
Topeka,
National Hank
insolvent, was
— The First in the charge of ofreceiver on Kansas,1905.
July 3
placed
insolvent, was placed
:.s7l — The First National Hank of TolUCB
1905.
the charge of a receiver on July
insol3,465 — Tin- Spring Valley National Hank. Spring Valley,
the charge of a receiver on Ju)
iced
905.
">
in
inal Bank of Kansas City, Missouri,
in charge of a receiver July 20.
~>
of
Receipts of
When
Payable
Inclusive.
Erie. 1st preferred
2d preferred
Louisville <fc Nashville
2*
2*
Oct, 10 Holders of rec.
Sept. 7 Aug. 18
to
to
Oct. 9 Sept. 12
to
Aug. 10. July 22
Aug. 15 \ug. 1
to
to
Aug. 9 July 21
1
Aug.
3
Vandalla
Street Railways.
Harrlsburg (Pa.) Traction
Montreal Street Ry. (quar.)
Northern Texas Traction (quai
T., Minneap.,
51
com. (quar.)
Union Street. New Bedford (quar.)
United Traction, Albany (quar.)
Banks.
Holders of rec
Aug. 4
Aug. 23
Sept.
7
Oct.
9
9
Aug.
Aug"."
"8
July 27
1
Aug
Aug. 15 Aug." "2" " "to " " "Aug"." 15
Aug. 1 Holders of rec. July 13
July 31
to
Aug. 1 July 22
Aug.
Lincoln National (quar.)
Miscellaneous.
American Caramel, com. (quar.)
American Glu'-. pref
Amer. Hide & Leather,
pref. (quar.)
Casein Co. of America, pref. (quar.)
Cleve. * Sandus. Brewing, pref. (quar.)
Jefferson A Clear. Coal
Iron, com..
&
Aug.
Aug.
Aug.
1
Aug
Aug
2
1H
Aug.
5
Preferred
Municipal Gas, Albany, N. Y. (quar.)
National Carbon, pref. (quar.)
New England Telep. & Tcleg. (quar.)
Pocahontas Collieries, pref. (quar.)
Pressed Steel Car, pref. (quar.) (No. 26)
1
1
1.5
Holders of rec. July 31
July 24
Aug.
Aug.
Aug.
to
to
1
10
1
to
16
5
15
la Mulders of rec.
28
1 July
to
to
15 Aug. 6
15 Aug.
1
to
1
1
t
-.9
.
Syracu«' Lighting, pref. (quar.)
U. 3. Steel Corp.. prof, (quar ) (No. 7).
1
300 Am. Tube
St St. Co., \>f...29Ji
100 Nat. Bank of Commerce. 200K
115 Dominion Securities Co
5
10 Merch. National Bank.. 177 Ji
20 Title (J. & T. Co
07:1 J4-G75
3 Franklin Tr. Co. of Bklyn. .'500
5 Washington Trust Co
450
10 E. W. Bliss, common
l.'.O
20 Safety C. H. & L. Co.. 28414
10 Old Dominion S.S. Co
lis
16 Morton Trust Co.
025^
,'
0.671
1,282,813
24.291,725
1,872,606
516,975
107.489,029
83,916,604
157,446,600
100,094,102
1
1,601, 109
1,787,484
week
annexed statement:
several seaboard ports for the
Corn.
in the
Flour.
bush.
Rye.
bush
Oats.
bush
18,950
bbls.
41,041
__
75.717
17,142
01,386
25.714
Peas.
bush
869
8,657
Barlaj.
bush.
j
12,966
13.19.5
6.540
2,749
4,449
16,191
7.659
21,459
1,036
1,000,523
507,404
104,359
117,822
216
3,669
70S
58,789
750
82 see,
142,581
924
30.917
30,917
21,528
9,742
1,964
week and since
of these exports for the
as below:
1 is
Wheat-
Flour
Week Since July
Exports lor week and
I to
—
July 22.
.
hh's.
bbls.
85,454
54,551
38,084
Corn
Week Since July
July 22.
bush
341,849
28.000
Week
251.717
353.383
104,359
117.822
Since July
July 22.
1905.
bush
667,581
108,016
1
1
bush.
1905.
bush.
395,228
544.5S7
4.826
54,172
250
939,737
1,536,433
20,426
106.671
1,460
5.932
1,000.523
507,404
2,609,499
1,758,145
57,581
1,710
14,337
.
Total
Total 1904
1905.
1
United Kingdom
47,593
Continent...
24.763
So. and Cent. America 7.335
West Indies
_. 18,886
Brit No Am Colonies
204
Other countries
5.578
369,849 775,597
532.144 1.475,490
300
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, July 22 1905 was as follows:
2
4
Philadelphia
Aug. 15
Aug. 14
Baltimore
N'nv Orleans
Oal veston
Montreal
Aug. 28
Aug. a
Aug.
Aug. y,o
to
to
to
July 22
Aug.
1
Wheat.
bush.
182,000
" afloat
Boston
"2Y.666
48,000
389,000
Yo'666
263,000
Toronto
8tot
100
ghth Ave ItR. Co
-'00
28 Ninth Ave. Hi:
15,000 Mines Securities CorporI
l
i
50c.
ation
pa
Son
$5,000 City of Frankfort IJ^s,
loio. If. .v S
$2,000 Central Union
1927, J. A J
bond
I
!
la
Co.
109H
$3,000 Northern Union das Co.
ji, 1927. M. ,t N
106J<
Corn.
bush
230,000
.
166.000
51,000
117.000
53.000
Oats,
bush.
58 1.0 jo'
Rye.
hush
146,000
124.0'
"15.000
228T.666
Buffalo
" afloat
379,000
432.666
244JJO0
158",666
114,666
"5",
386.000
ffo'ooo
666
144",660
111,666
51Y.666
2,489~666
580,000
ei'ooo
1.000
isaf.ood
"¥.666
'le'.ootj
23-.660
75.666
erV.ooo
10V.000
222,000
7,0.0011
924,000
245.000
3,000
afloat
Milwaukee
"
afloat
It. William
&
Duluth
"
.
III. Ml III
Toledo
"
bush
27,000
44,000
41.000
1,160,000
" afloat
Detroit
" afloat
Bar ley.
56,060
81,000
60.000
249766
16.000
Chicago
— Among other securities
20
July 22 compare as
54,790,250
07.249.102
30,207,750
2,234,000
2,958,898
New York
* Also declared 2 per cent payable April 9 1906.
8l»
Ifemb. NY. Pro K\ch'ge.S125
1
285.476
27.102
since July
2,294
Orleans for foreign ports on
33, 109,612
23. 001, Mil
484,136
27,100
64,000
24,000
Aug. 1
Aug. 15
Aug. 9
Aug. 15
the following not
regularly dealt in al the Hoard, were recently sold at auction:
By Messrs. Adrian H. Mullcr & Son:
Auction Sales.
New
1435
25,513
7,902
1
Quinry Mining
a Transfer books not closed.
of rec.
Sept
P
77)6,930
226,683
July
July 31
July 26
to
Hy
liHoiders of rec. July 14a
July 31
July 21
to
Aug.
Aug.
H
.)
Philadelphia Co., Pittsburgh, pref
Twin City R.
— Wheat
bush
Portland
Boston
Philadelphia
Baltimore ... 28,000
.
3
2V,
940,447
N02.72K
23.513
77,0
24.455,607
Saturday are shown
The destination
Books Closed.
Days
Aug. 15 Holders
guar. (quar.).
pom
Xew York
Exports
Galveston
Montreal
Mobile
|«
& Binghamton
last
New Orleans
3
Utlca Clinton
1,318,099
803,399
9S0.547
9,478
13,320.643
63,850,456
25,983,990
4.177,990
199,950
The exports from the
ending
Newp't News.
Railroads (Steam).
Buffalo Roth. & Pittsb., com. & pref
Chic. Hllw. & St. Paul. com. and pref..
Rome Watertown &Ogd.,
..
44,415
1,400
87,155
27,102
1902.
11,181,875
bush
Total grain
635
1,170
1
1903.
11.683,630
bush.
bush.
bush.
ye.
800
1904.
10,293,040
bush
TJ
""800
t
61,945
Total week. 309, 849
Same time '04.532.144
Cent.
Company.
3,000
24,000
193,066
bush
1905.
5,628,997
...bhls.
Wheat
North Carolina.
Per
of
—
Corn.
Oats
Barley
DIVIDENDS.
Xante
195,720
...214,356
Flour
EXPIRATION OF CHARTER.
of Raleigh,
54,298
07, 561
Total receipts at ports from January
follows for four years:
ka." Capital, 850,000.
The Citizens' State Bank of Pawhuska, Oklahoma, into "The Citizens'
National Bank of Pawhuska." Capital, 825,000.
The Citizens' Bank of London, Kentucky, into "The Second National
Bank of London." Capital, 825,000.
3.389— The National Bank
090,200
59,275
110,270
89,921
36,108
aRecelpts do not include grain passing through
through bills of lading.
Wetump-
of
705,400
107,118
64,000
122,912
250,135
50,286
Rye
Barley.
hush
1,200
Oats.
bush.
-'7..7I
19,529
1,036
Week 1904
Correspondent, J. F. Mayes,
Capital, §75,000.
ettevule."
Favetteville, Arkansas.
The Bank of C.roton, South Dakota, into "The First National Hank of
Capital, $25,000.
Correspondent, W. B. .Miller,
ton."
Cashier, Hank of Groton.
Bank of Valley County, Glasgow, Montana, into "The First National
Hank of Valley Couunty at Glasgow."- Capital, 825,000.
The State Bank of Wilcox, Nebraska, into "The First National Hank of
Wilcox." Capital, 825,000.
The People's Hank of Sparta, Tennessee, into the "American National
Capital, 850,000.
Bank of Sparta."
The State Ftank of Richland Center, Wisconsin, into "The First National
Bank of Richland Center." Capital, 830,000. Correspondent, C. R. Thomson, care of State Bank, Richland Center.
Wisconsin. In lieu of an application to organize a national
bank by same parties, approved June 1.
The Bank of Wetumpka, Alabama, into "The National Bank
1.400
2,749
14,224
Total week
Al'l'ROVED.
Bank of Oneida, Tennessee, into "The Scott County
Capital. $25,000.
tional Hank of Oneida."
Fav.tteville, Arkansas, into "The National Hank of Fav-
Scott County
The Bank
21,406
20,836
New Orleans a
Galveston.
Montreal
Mobile
i
insolvent,
APPLICATIONS TO CONVERT INTO NATIONAL HANKS
The
bush.
Richmond
Newport News
Illinois,
<
Corn.
bush
94,000
Cortland
Philadelphia
Baltimore
Illinois,
N
— The was placed
Wheat.
bbls.
94,904
19,036
Boston
a
for
1905 follow:
FlOUT.
—
New York
2.646
5,250
week ended July 22
the
INSOLVENT.
in
and grain at the seaboard ports
Total receipts of flour
—
Pt. Arthur... 2 9t>5"o6o
206.000
afloat
Minneapolis
4 ,288.000
St. I.OUlH.
"
afloat
1
Kansas City..
IVorIa
Indlananolte
On MIsMlmlppI Hlver
On Lakes
On Canal and Ulvor
Total
Total Inly 16 I90S
Total lu'y 23 I'nil
Total July 27> 1903
Total July 26 1902
0,000
46V.666
107
KM) 000
24.666
18.000
....11.875.000
'
I
I
000
22,1
3
ib'j
1 .07.
:
i
17
30'
1
.
5.191.000
1
12,176.000
12."
7.31
:
7.1^0.000
894.000
260.000
1
THE CHRONICLE-
490
—
City Clearing House Hanks. Statement oi
condition for the week ending July 22, 1905, based on aver-
New York
age of daily
results.
We omit two ciphers (00)
in ail
.New York City, Boston and Philadelphia Hanks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banKs.
is
We omit two ciphers (00)
•
'
BANKS.
Surplus.
Capital.
Loans.
[VOL. LXXXI.
Legals.
•Specie.
i
Depc
00s omitted
it
He.
ftA.VKS
a/pilali
Loans.
Surplus.
Specie.
in all these figures.
De.
Legals
1
Clearings.
lOftion
it.
s' tie.
.V V.
*
Bk. of N. V
Manhat. Co.
Merchants'
Mechanics'.
2,000,0
2,050,0
2,000,0
3.000.0
A inc-i
1,50(1,(1
i
t
'
t
:
Pheuix
City
Chemical ..
Mireh. Ex
.
Gallatin
But.
& Drov
Mech.&Tra.
Greenwich
1,000,0
25,000,0
300,0
600.0
1,000,0
300,0
700,0
500,0
Anier.Exch.
5,00(1,(1
Commerce..
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
260,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
600,0
Mercantile
Pacific
Chatham
...
...
People's
N. America
Hanover ...
Irvina
Citizens'
..
Nassau ....
Mar.& Fait.
Shoe&Lthr.
Corn Exch .
Oriental
...
Imp. & Trad
Park
East River
Fourth ....
Second ....
N.Y.Nt.Ex.
Bowery ...
N. Y. Co ...
German Am
Ave ..
German Ex.
an la ..
Germ
Filth
Garfield....
Firth
Bk. of Met..
West
Side..
Seaboard
..
IstN.Eklyn
N. T.Pr.Ex
New
A mat.
3W.0
Astor
Total
...
1
$
9
2,604,8 18.632,0
2,659,8 26,661.0
14,279,0
1.435,6
3,468,4 21,631,0
3,847,5 24,246,6
5,130,0
218,8
17,480,7 L98, 642,0
7,688,7 24,486,6
0,(127.7
365,8
2,234,4
8,759,9
2,125,2
110,9
5,013,0
372,9
4,068.3
554,8
28,811,4
4,20(1,!'
12,113,0 159.826,8
4,371,9 23,309,]
3,461,2
630,4
6,223,8
1,045,5
2,247,2
429,7
2,021,8 14,9«0,0
6,961,5 49,947,2
7,438,0
1,088,5
634,4 16,326,3
3,341,2
315,2
6,784,1
1,385,8
6,144,4
429,1
3,361,6 31,873,0
8,847,8
1.114,7
6,718,9 24,111,0
7,324,7 72,449.0
1,257.1
109,0
3,015,9 21,428,1
9,568,0
1,519,4
15,914,3 106,323,9
8,916,8
883,1
3,293,0
771,0
4,934,0
729,5
4,150,2
546,4
4,399,6 47,666,1
1,769,5 10,049,0
2,811,8
728,5
2,661,4
876,8
1,428,6 13,454,9
7,404,3
1,287,7
2,607,0
418,5
9,677,6
1,481,1
3,955,0
659,6
1,471,9 14,747,0
4,494,0
625,3
2,038,0 11,332,1
5,523,4
484,6
6.825,3
580,9
4,442,0
594,6
9
9
P.O.
9
18,113,0 26-7
31.147,0 28 -H
8,108,0 1,741,"
6,525,0 2,447,0
18,264,8 0-'.i
1,616,2
8,813,7
2,994,0 2,507,0 22,1 S2.0 24-8
5,203,8 2,418,9 27,472,3 2
3,928,0 J4-8
286,0
689,0
44,515,9 10,165,0 L96,685,2 2/-V
5,048,8 1,888,') 24,097,0 28-7
o,0o6,5 2 1-7
02 1,0
1,004,1
577,0
6,823,6 24-8
1,121,7
67,3
2,758,9 22-2
547,2
5,722,0 24-3
564,0
830,0
4,313.2 24-0
395,1
644,2
22.214,3 ib'H
1,942,3
3,797,(1
24,240,3 13,502,6 148,074,3 25-5
4,153,4 1,423,6 20,7s 1,5 20-7
441,2
3,922.3 2T3
398,3
6,349,9 25-o
998,2
625,2
634.0
2,813,0 29-3
191,2
1,936,0 1,922,0 14,034,0 2 7-4
5,291,2 60,971,8 2r8
11,673,1
7.182,0 2o-l
614,0
1,189,6
3,197,7 2,102,4 20,603,6 25-7
446,7
3,880,8 19 "7
320,5
628,7
7,333,2 31-3
1,672,6
379,5
8,277,5 23'2
1,541,1
5,700,0 4,409,0 39,449,0 23-6
394,1
9,600,4 24-0
1,914,3
4,006,0 1,379,0 21,474,0 20-0
14,408,0 6,809,0 83,250,0 25-4
201,3
1,485,2 25-7
180,5
4,064,0 2,419,7 24,996,0 25-9
614.0 1,996,0 10,612,0 24-5
23.688,6 2,503,6 101,446,0 25-8
508,0
8,822,6 26-7
1,855,4
254,0
3,703,0 20-1
491,0
433,2
6,011,3 24-0
964,4
190,6
4,196.7 25-8
887,9
12,480,4 1.937,4 56,425,0 25-5
369,0 11,297,4 25-5
2.518,1
895,0
3,765,3 28 9
195,0
626,5
5,394,1 20-3
468,3
1,538,5 2,336,5 14,975,6 25-8
259,0
7,486,9 25-2
1,631,4
163,1
2,684,6 26-0
636,1
750,3 11,301,0 232
1,863,7
360,0
4,661,0 25-8
843,0
3,055,0 1,678,0 17,450,0 26-6
947,0
5,123,0 31-8
686,0
250,0
9,955,7 2/-1
2,452,3
443,3
6,180,6 23-7
1,024,0
795,9
6,884,2 23"2
804,4
166,0
4,216,0 23-8
839,0
<
•
-
115,972,7 139,492,8 11263667 220.190,5 89,109,0 11773982 26-2
t
t
Total United States deposits included, $8,526,500.
—
The following is the
non-member banks for the
the
Reports of Non-Member Banks.
statement of condition of
week ending July 22, 1905, based on average of daily
We omit two ciphers COO) in all cases.
Loans
BANKS.
Capi-
00s omitted.
tal.
Burplus.
Leg. T.
<£
Invest-
Colonial
Columbia
..
Consol. Nat. 1,000,0
Fidelity
200,0
14th Street.
500,0
Hamilton .. 200,0
Jefferson ..
400,0
Mt. Morris
250,0
Mutual
200,0
19th Ward .
200,0
100,0
Biverside .
100,0
State
100,0
12th Ward .
200,0
23d "Ward.. 100,0
Union Exch 750,0
United Nat. 1,000,0
Yorkvule .. 100,0
Coal & I.Nat
300,0
Metrop'kt'n 1,000,0
34th Street. 200,0
$
146,5
68,6
67.6
291,9
367,4
1,055,1
126,0
60,8
139,7
366,*
125,7
244,1
203,8
265,5
107,2
880,9
133,6
116,8
577,1
163,0
302,3
212,7
266,0
205,0
«
731,1
903,5
574,2
3.373,7
6,021,0
3,921,0
800,0
4,479,6
4,125,6
2,974,5
2,623,6
3,388,1
2,285,'i
3,680,0
1,478,8
8.925,0
2,003,0
1,695,3
6,157,5
2,185,2
2,721,2
2,587,5
2,843,7
1,184,8
194,074,(1
1
42,189,5 193,527,0
1 3,662,0
19,194,0
19,147,0
6,084,0 23 1,578,0
47,960,0 221,75 4,0
47,96o,o 221,931,0
47,960,0 220,738.0
68,4
309,0
417,0
20,5
147,7
182,2
7,9
148,6
25,9
31,5
145,0
14,8
587,0
39,0
59,9
107,3
243,1
41,8
556,7
155,9
273,8
260,827.0 12,730,o
202,'. 36,0
262.787.0 12.728.0
64,349,0
64,811,0
66,498,0
126,803,5
129,520,7
142,531,5
125.1
Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits.
For Huston these Government depoails
amounted on July 22 to $1,388,000 on July 15 to $1,560,000.
t
;
Imports and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
July kO and for the week ending for general merchandise
July 21 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1905.
1904.
1903.
1902.
Total.
Since Jan.
$2,468,358
7,924.851
$2,326,186
8,294.769
$2,455,689
8,220.4 22
92 303 097
8.117,391
$10,393,209
General Merchandise
$10,620,955
$10,676,111
$10,420,488
$77,863,424
315,321,311
$67,367,859
265,089,261
$75,888,254
261,993,528
$69,099,418
239.779,761
1.
Dry Goods
General Merchandise
Total 29 weeks.
$393,184,735 $332,457,120 $337,881,782 $308,879,179
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of.
specie) from the port of New York to foreign ports for the
week ending July 24, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE "WEEK.
The imports
in
1905.
For the week
Previously reported.
Total 29 weeks
1904.
1903.
1902.
$8,829,914
286,942,759
$8,902,725
260,785,640
$9,462,134
274,712,404
$8,990,037
261,916,735
$295,772,673 $269,718,365 $284,174,538 $270,906,772
Note. — As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to tune adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending July 22
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
Deposit with
Other Deposits
Agent. Bks.&c
Clear'g
Great Britain
Week.
IMPORTS.
Since Jan.
1.
Since Jan. 1.
Week.
$
$
9
36,6
66,0
597,3
82,5
28,0
79,5
869,7
39,1
36,3
91,2
665,4
289,6
369,8
165,4 3,924,4
234,0
389,0
3,7 6,207,0
52,2
313,7
25,0 2,319,5
37,3
60,5
768.1
218,9
277,9
5,0 4,956,5
222,7
123,8
310,0 4,684,5
147,2
284,7
242,7 3,154,2
100,2
226,9
56,2 3,272,0
241,9
178,2
56,6 3.460,1
267,9 1,288,4
23,4 3,561,0
180,0
347,5
4,003,0
102,3
62,9
111,7 1,625,8
289,0
98,0 1,471,0 10,663,0
209,0
197,0
85,0 2,549,0
146,1
191,8
158,1 2,168,0
362,6
536,1
300,0 6,420,7
47,6
100,6
1,247,9
226,0
202,7
17,6,2
3,110,5
162,9
793,4
81,3 3,637,9
49,6
215,2
763,0 2,791,1
42,8
150,0
37,5 1,307,5
5,119,621
71,300
7,250,000
3,000
*6,035
73,420
45,104
19,073
462,950
177,552
680,503
105,450
*2,845 $37,681,947
14,840 64,469,906
10,617
32,804,001
Indies
$143,632
16,575
$6,223,513
6,360,987
3,639,498
$2,845
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
7,556
$5811,273 $16,766,572
France
Germany
West Indies
538,335
12,892
109.981
4,000
687,499
9.657
"6,679
Mexico
South America
2.400
Total 1905
Total 1904
$598,352 $18,128,936
917,765
23,966,962
18,907,178
722,190
$5,819
20
$887
218,964
4,380
%
53,298
833,915
1,136,312
15,597
224,231
5,464
$2,044,961
489,945
938,634
1
,299
Of the above imports for the week in 1905, $3,035 were
American gold coin and §566 American silver coin. Of the
exports during the same time, $2,845 were American
gold coin and $1,200 were American silver coin.
Auction Sales.
Borough o)
$330,922
4,266,136
$1,500
25,236,526
.....
South America
23,1
156,'
155,077,1
(33,0
Phila.
$
15,0
25,9
7,664.0
7,717;o
7,645,0
0.077,'
6,968,0 227,194,0
Net
Notes.
$
.-,.-
1
42,139,5 194,527,0
42,
1
EXPORTS.
Boroughs of
$
100,0
100,0
100,0
100,0
300,0
:
J'ly. 8
J'ly 16
J'ly 22
West
Man&Br'nx
1
Gold.
N..Y.CITY.
Wash. Hgts
Century ...
Chelsea Ex.
255,465,5 11208690 214,744,1 *8,424,.' 11660389
1,775,063,3
255,466,5 11164585 210,971,3 iti
889,1
107.
15,7
1590] -2 19,157,1 1.72 2,.
255,465,5
220,162,1 89,1
255,465,.". 11263667 220,190,5 89,109,1 1177.
48,913,2 1,139,283,3
results.
Specie.
ments.
I
J'ly l
J'ly 8
J'ly 15
J'ly 22
ISos.
J'ly 8
J'ly 15
J'ly 22
—See page preceding.
Brooklyn.
Borough ...
Broadway
.
Brooklyn
..
Mirs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
Wallabout .
JERSEYUITY
First Nat...
Hudson
135,2
184,0
184,2
102,6
1,697,8
5,142,0
3,472,0
1,324,1
1,769,4
720,1
3,144,2
930,6
29,1
14,8
125,2
341,0
364,5
14.0
229,0
150.0
21,5
76,9
11.6
101,6
69,8
140,!.
874,4
4,366,6
1,047,9
400,0 1,118,7
4,558,1
159,2
308,1 1,822,5 1,333,0
6,092,9
250,0
250,0
200,0
663,4
122,4
301,4
2,241,9
909,8
1,518,6
82,0
60,8
36,7
73,8
110,0
125,0
546,3
169,2
2,691,8
1,383,7
178,0
39,3
25,1
200,0
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
100,0
106.2 1,962,6
362,2 2,634.7
169,5 1,776.2
607,8 3.583,8
536,9 10,103,2
77,5
806,2
o98,4
183,8
199,8
98,
1
68,9
133,6
•J
188,0
389,7
307,1
739,7
2 2,0 1,601,3
121,7
140,1
521,0 1,176,0
362,0
537,0
97,8
42,7
145,1
275,3
44,9
202,0
36,4
34,3
120,9
49,0
477,6
228,1
159,2
279,0
355,4
110,6
190.7
239,6 1,08
51,1
1,5
2,219.2
2,888,9
2,047,2
4,757,8
12,739,1
2,022,6
5,815,0
4,239,0
1,641,9
2,158,7
Co.
National
.
Second Nat.
Third Nat..
24,2
89,0
381,8
162,0
420,4
291,1
22,3
23,3
2,274,3
923,6
1,807,1
182,4 "418,7
70,7
117,4
3BanMng
First Nat...
63,8
Co.,
Investment Bankers.
We
transact a general banting business sell and purchase investsue circulars describing short-term and long-term
securities
high-grade bonds; execute commission orders upon the New York
Stock Exchange and in the financial markets of the leading cities.
We also have special representatives in all of the principal cities.
;
ment
-,
i
Branch Office, Albany, N.Y. William and Pine Sts..
2,828,2
1,499.5
Tot. J'ly 22 116370 134490 1232277 5,752,0 7,289,9 153574 9 646,2 1402680
Tot. J'ly 15 116370 134490 12 42:. 10 5,530.4 7,419,3 156812 9,771,8 1429031
Tot. J'ly 8 116370 134490 1239308 5,340,9 7,131,4 163482 9,411,2 1433876
&
Spencer Trask
Moffat
Hoboken.
Second Nat.
mxtl ^financial.
5
&
New York.
White,
Members New York Stock Exchange,
HANOVER BANK BUILDING,
NASSAU STREET,
JDealers in Investment Securities.
COMMISSION OKDERS EXECUTED FOR CASH ONLY.
'
July
THE CHRONICLE.
29 1905.]
jankers 7 (Samite,
491 I
discount; Chicago, par; St. Louis, 25o. per $1,000 discount;
San Francisco, fiOo. per $1,000 premium.
State and Railroad Bond*.— Sales of domestic state bonds
at the Board are limited to $25,000 Virginia 6s deferred trust
1'ff For Di rut etuis see page *Sc.
WALL BTRBBT, FRIDAY. JULY i!8 1903.—fi P. H.
The Money Market and Financial Mtuation. — It become
generally known in Wall Street early on Monday that last
week's reports of extensive damage to spring wheat by rust
had been greatly exaggerated. In response to this informaand also en a fuller appreciation of the importance of
recent and prospective dividend announcements the tone of
the security markets has steadily improved and the volume
The latter, however, is still
of business has increased.
limited and will doubtless continue to be relatively small
until the crop situation is more definitely fixed and the midtion
summer
vacation period has ended.
Of course the dividend announcements referred to have
been foreshadowed by tratlio reports given out from time
to time during recent months, but they are undoubtedly
one of the most potent factors in the present situation.
If the harvests should prove as abundant as they now
promise, the prospect of general business activity and prosperity during the coming season seems good, in which case
railway earnings, as is well known, will continue large. It
should be borne in mind, however, that security prices are
now in many cases very high and it is quite possible that a
realization of the best results now in prospect will be
required to maintain these prices at their present level.
The peace envoys from Japan have arrived in this city and
arrangements for the conference are progressing. A firmer
market for Russian securities in Europe is supposed to
reflect a strong hope abroad that the negotiations will end
successfully.
receipts at
1%%
to
18Jtf.
There has been steadily increasing activity in the market
for railway and industrial bonds, the business lias been b9t-'
ter distributed than of late, and nearly all changes in quotations are to a higher level. These changes are, however, in
most cases fractional.
There are a few exceptional features. Union Pacific convertible 4s and some of the Eries advanced In sympathy with
the shares of those companies. Northern Paoiflo, Norfolk
& Western and Colorado Industrial issues have been relatively strong. Wabash debentures are fractionally lower.
Other changes in the active list are unimportant.
United States Honda.— Sales of Government Bonds at tho
Board include $22,000 3s, coup., 1908-18, at 108^ to 101',;
and §14,0
2s, reg., 19:50, at
The following are the daily closing quotations; fir
$5,000 4s, coup., 1907, at lP4i£,
lOS/jj-
yearty range see third page fo'loui
July
22
Interest
Periods
2a,
1930
registered
coupon
2s, 1930
28, 1930, small. registered
2m, 1930, small
coupon
3s,
38,
1918
1918
38, 1818,
Us, 1918,
is, 1907
48,
4s,
4m.
!.
1907
1925
1925
i»_o
Q —Ian
<i,
July
24
Ju
July
25
'
y
26
July
27
July
26
103 7„
lOS's *103?H •10.H78 in:; v
103?,, '103v *103?8 *103i« »103> *103?»
1
Q— Jan
103 4 •103'.,
in;;'., '103^
•104
coupon Q— Feb 104
104 *104
104
small.registeredQ— Feb
small
coupon Q — Feb ibs" 'ibs" *i(>3" -ibs" "ii)3"
'104
'104
'104
104
registered Q Jan •104
'104
•104
coupon! Q— Jan MU4
104*8 '104
registered Q—B"eTj »103^
'103 l4
'104
—
registered Q— Feb
>io3""
'104
•104
'l»l»4
'133
131^
*131' v
131*2 •131»4
coupon^ — reu i^^ u4 -i.}Z"4 -xo£ w4 a^_"4 >133
couponly— Feb *132»4 *13234 132^ 13 2
the price bid at the morning board no sale was made.
a.
'
* This is
Money market conditions are practically unchanged and
the low rates noted last week have generally prevailed.
Railroad and Miscellaneous Stocks —Under the influence
The open market rates for call loans on the Stock Exchange of less unfavorable crop reports and additional dividend
during the week on stock and bond collaterals have ranged announcements, as noted above, the stock market has been
from \% to 2 p. c. To-day's rates on call were 1%@2 p. c. somewhat more active than last week, and a stronger tone
Prime commercial paper quoted at 4@4j^ P- o. for endorse- has developed, The largest volume of business was recorded
;
ments and 4@4}^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £254,233 and the percentage of reserve to liabilities was 48'67, against 48*43 last week,
the discount rate remaining unchanged at 2% per cent. The
Bank of France shows an increase of 10,150,000 francs in gold.
NEW YORK CITY CLEARING-HOUSE BANKS.
Differences
1905
July 22
1904
July 23
from
previous week
1903
July 25
§
115,972,700
115,972,700
139.492.SO0
134,323,400
Loans & discounts 1,126,366,700 Inc 19,05X,600 1,099.849,200
Circulation
48,913,200 Dec
243,900
39,132,600
Net deposits
•1,177,398.20(1 Inc 18,380,000 1,201,443,200
Specie
220.190,500 Inc
28,400
265.955,400
Legal tenders...
89,109,000 Dec
6,700
85,015,000
Capital
109,922,700
129,168,900
907.899,700
43,819,200
902,376,800
169,367,100
78,142,500
Surplus
,
when the list of stocks that advanced from 1 to
nearly 3 points was a long one.
Erie has been conspicuous, the 2d preferred moving up
4J^ points on being added to the dividend-paying list, illi-j
nois Central has been a notably strong feature, closing overj
Union Pacific, Northern;
7 points higher than last week.
Pacific and St. Paul are also higher, but Great Northern has
Lackawanna, by far the
lost a part of its recent advance.
highest-priced stock dealt in on the Exchange, advanced''
nearly 10 points to 404^ on bids which brought out a
limited number of shares.
Miscellaneous and industrial issues have not been promi-'j
nent in the week's operations.
The United States Steel
issues responded feebly to the favorable quarterly report,
the latter having evidently been anticipated and its effect
discounted. They advanced a point or more to-day, however. Pittsburgh Coal preferred added nearly 5- points to
the decline noted last week but recovered the loss to-day.
General Electric has fluctuated widely. Consolidated Gas
to-day,
i
-
1
1
1
Beserveheld
ot deposits
309,299,500 Inc
294,349,550 Inc
21,700
4,595,000
350,970,400
300,360,800
244.509.600
225,594,200
Surplus reserve
14,949,950 Deo
4.573,300
50,609,600
18,915,400
25
p.
c.
48,526,500 United States deposits included, against $11,398,800 last
week and $23,343,200 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $17,081,575 on
July 22 and $22,372,950 on July 15.
Note. Returns o£ separate hanks appear on the preceding page.
*
—
—The
exchange market was
generfclly strong this week until Thursday, influenced by a
good demand for remittance and to cover shorts, and by
lighter offerings of bills; then there was a sharp decline and
Foreign Exchange.
foreign
the tone was easy at the close.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85>£ for sixty day and 4 87}-£ for sight. To-day's
(Friday's) actual rates for sterling exchange were 4 8490
long, 4 8655@4 8660 for short and 4 8680®
(34 85 for
4 8690 for cables. Commercial on banks, 4 8450@4 8460, and
documents for payment, 4 84@4 84%.
Cottcn for payment, 4 S4<S4 843^; cotton for acceptance, 4 8450@4 8460,
and grain for payment, 4 84%<a4 84%.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 1S^*@5 Urtg for long and 5 16^ @5 \§y % for short.
4
Germany bankers' marks were 94%r«y4 13-16 for long and
95 l-ie^'Joi^t for short.
Amsterdam bankers' guilders were
40 5-1'J I 10 5-18,1 for short.
Exchange at Paris on London to-day, 25 f. 13>£c; week's
range, 26 f. 14c high and 25 f. 13^c. low.
The week's ranse for exchange rates follows
Stirling
|
3505
.
—
Hu-h....|
5 18>8*
Low
®
518*4
4» 5
I
185
I
Paris Han kerf Francs
|
.
I
a
Low
-Cables
-Short.-
-!aiT\'j.-
|
5 18>s
hV
I
I
4 8680
4 8645
516' 4
5
t
16V
®
-a
@
3
4 87
8685
4 8650
4
5
8705
a 4 8075
4
lev
b
-a 5 l'j'a
••-I
a m
tti r
'
4
;
l;!
io
W»
lam Banket r Qui '•'
...|
3
...I
"«,
i
|
r
—
I
|
Sales
Week
Amer Teleg
<fe Cable
Assoo Merchants 1st prt
Det Sou prel Tr Co oertf s
uenerai Chemical, pre!..
Havana Eleo Ry
Horn Silver Mining
tor
Range sines Jan.
Range /or week
90 4May
92 4 J'ly 25 P2»Qj'iy2fl
98 Jan
99 J'ne27 994J'ne27
39 J'ly
100 39 J'ly 22 39 j'lya:
Apr
J'ly 2* Hi:
225 104 J'ly28 104
5 Apr
200 184 J'ly 26 19 J*iy?2
!-85 Feb
100 1-80 J'ly 24 1-0 J'ly 2
22 185 J'ly2n ISA J'ly^ 185 J'ly
80 J'ly
J'ly 2* 00 J'lya100 SO
11 Apr
400 13 J'ly 22 134J'ly2>450 109Wly28 110 J'ly 26 100 Van
10
200
1
Morris •& Essex
Rutland, pret
U 8 Leather
Preferred
5 'sf
©
I
40e lq
I
....
....
.of 1%
uol 1%.
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day
inah,
buying 50c. per $1,000 discount; selling Tor. per |1,000 premium; Charleston, 12^o. per $1,000 premium; N< v Orleani,
bank, COc. per $1,000 discount; commercial, 75c. per $1,000
'
l
1.
994Jan
100 J'ne
42 J'ne
105 J'ly
19 J'ly;
1-85
Apr
190 Mar
72 4 Jan
1
UVTan
110
J'ly
Ontside Market.-- Trading on the curb outside the dealings in several of the leading securities has again been light
this week.
The movement of prices on the whole has been
towards a higher level. Chicago Subway continued as the
leading attraction and established anew high record at 84>£,
a g-un of 5,Jg points over the close last Friday; the final sale
to-day was at 84J^. International Mercantile Marine issues
displayed strength on the report of large increase in earnings
since the close of the fiscal year December 31 19 4: after a
decline of
to 1 1, the common advanced to 1414', but at the
close to day reacted again to 18; the preferred lost a point to
l
in tho early part of the week, but subsequently it ran
2
up to 'S\}i at d ends the week at 30J£. On transactions aggregating only about 1,250 shares, Northern Securities stock
fluctuated between 171% and 175, and closes to-day at 174%.
After a drop of 1
points to 203^, Interborough Rapid Tran-l
sit rose to 211%.
HackeDsack Meadows gained ft points to 27.)
uinenti
(ireene Consolidated Copper was one of
features of the copper group: these shares mov d up from]
Ivanced a point to
22J£to26J£. Creene Consolidate Gold
f 11
United Cop]
5. but to-.lav f< II back to 4%.
from 31 1£ to 89^ in the early part of tho week, but later it
a P*
rose to '6i l
4; the close to-dav is at 81
"
CTnlo
;PP| r mada
point to 7f;. but to-day reacted to '.;.
back
a further gain of
to 3; subsequently, however, It tell
again to \% and ended the week at
Outside quotations will bo found on page l'J'J.
%
W/
1
M
B5l
40»i8
40',
STOCKS
Week Ending July 28
%
Harks—
3
and New York Air Brake have declined.
For daily volume of business seepage 499.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow...
<
1
l
1
%
I
<
'-.
New lork
Exchange— Stock
Stock
Weekly and Yearly
Record, Daily,
OCCUPYING TWO PAGES
.
STOCKS— H1GHK8T AND LOWJC8T BALK F&1CE8
K
Saturday
Monday
W ednesday
Tuesday
July 25
July 24
July 22
Friday
July 28
Thursday
July 27
July 26
kanye
On Oasis
STOCKS
SBW YOBK
STOCK
EXCHANGE
lor Year 1905
of lUU-sfiare lotf
Lowest
Range
lor J*revioui
Year fiyu4j
HigKetl
Lowest
Uigtiesl
«e
K:iilrou<K.
83% 85%
85
102 4
84 «b 864
102 4 102 V,
165%
1124 118% 112"8 113 V,
L084 157
124 118%
84
102V, 102 4 *102
155
150 4 158
»08
I
68»<
" 89 4
150%
140
!
k
200
62 >a
36
79
194 19%
;
;•
<
1
51%
*33
70
0-.'>H
89
67 4
'60
70
'107 109
99
52 V
52
•34
36
854
70 4
79
•83
*
4
'86 V,
•84
-02
•84
!
'.)
'4
,
I
\
03
:
4
71)',
71)
104
19
1
2i
209
244
11
235
'180
•100
•
H
19
»874 40
84
8
30^ 31
95% 95 %
i
J.
115
,115
»26% 274
t
"37 4 37 V.
8
8%
33
33
"OS's
*115
"58
37 4
190
1004 101
-380
390 3944
•30
82
*30
854 864 •85
"21
23
*21
924 02 ^ $02 4
*134
14
14
*27
20
»27
68
«68
i
*37% 384
I
.
I
I
!
444 45%
82% 83
70% 71%
r88 4
•93 4
167
•26
61
82 V,
•25
1
7 38
27 4
"58
•58
50 4
•37
38
•190 192
305 3. '5
-30
314
-85
86 4
•21
*2l
23
23
03 \
03
503 4
02%
* 1 3 4
15
14% •14
28
28 4
28 4 28 4
40 4 47%
454 46
834 ,83 3, 83% 84 4
73
75
70*4 72 4
*m 65 •03 65
•85
•85
90
-00
82
8
70 4 714
*63
65
290
00
*85
*01
167'
27
51
167
824
27
67 V,
35
07
25%
*51
82 4
59
94
•85
•03
169
52
,
254 25%
574
*56
*31
*02
*315
I
'•'
^
*78
100 112
100 V, 102 V,
94
94
/29%*'30%'
75
i 75
78
•100
78
•75
794
105
•76
100
1
32% 33
128
*34
128
34 V
02% 03
29 34 304
74% 75V,
Banks
Bid
Aetna
175
Amerioall ... 520
^mer Exch.. 274
Astor
775
Battery Park 150
Boweryll
325
'[Butch.Js & Di 155
Century 1;.... 105
Uhase
650
phatham
320
Chelsea Exc" 170
;
Bnnks
Ask
Bid
Chemical
NEW YORK
I
73
68
195
23 4
60
64%
•1174H84 1174 118
1174 118
324 32%
32*8 32 34
324 32 34
08 4 08 4
98 4 984 •08
OS 4
•98 100
•984 90
•98 4 100
3
*32 34 33 4
32 4 33
3*4 33 4
127 130 •127 130 •127 120
34 4
34
34
34
34
34 4
BANKS
-
100
74 4
•63
•85
1814 Chicago Milw.
Do
188
2104 Clue mo
241
Do
195
200
&
pref
& North,
pref
A;
'
•85
"2*3"
Evansv.
65
90
288
Do
*75
165
City
280
Coal cfe Iron. 230
Colonial 1| ... 575
285
240
Columbia .. 400
Commerce... t2004 1205
1j
'onsolidated 153
C'rhExchge' 305
210
Drscoum;
330
East .River..
Fidelitylj
veil..
Fifth
A
.
150
150
190
155
i''0
160
1,400
12,600
1,500
03
03 34
•93
172% 173
794 •75
112 *100
50
160
3,500
03%
l,05i
2,100
147,400
Valley
cts. pfd
&
Shore
L.
cfe
Mick. South'),
Long Island
Louisville
&
Nashville...
Elevated...
Manhattan
etrop. Secur., sub. rec
Metropolitan Street
Mexican Central
Michigan Central
Minneapolis & St. Louis.
Do
Minn.
S. P.
cfe
Do
cfe
234 234 24
24 4
78 4 78 4
77% 77%
67 4 67 4
67% 68%
180% 190 •185 190
23 4 234
23 4 24
59 4 50 J4
60
62%
64 4 64%
64% 65 4
1174 118
118 118
32 4 33
32% 33%
08 4 084
98 4 98 4
•98 100
•93 100
-324 34
34
34
1 264 127
128 4128 4
34 4 344
34 4 34 34
Texas
pref
cfe
201
I
Do 2d pref
N. Y. Central <fe Hudson..
Y. Chic. <fc St. Louis...
N.
Do lstpref
Do 2d pref
N. Y. N. Haven <fe Hartf
N. Y. Ontario & Western
Norfolk <fe Western
Do adjustment pref.
13,200
Northern Pacific.
5o
Pacific Coast Co
Do lstpref
Do 2d pref
Pennsylvania
177,600
reoriaefc Eastern
3,800
Pore Marquette
2d pref
Fr„ 1st pref....
2d pref
St. L. <fcS.
Do
St.
.
com stock t r ct f s
Louis Southwestern..
Do
pref
Southern Pacific Co
Do
pref
Southernv.tr.
Do
M. cfe
'pexas
cfs.
stmpeu
do
pref.
O. stock tr. ctf s..
<fc
Pacific
X hii-d Avenue (N.
Toledo Railways
;
,
1
B
,
Nov
1
il63 Api
.'
J'ly
00
J.'HI
5
2
13% leo
In,- 2
.1
II
1
5
1
1154 J'ly26 121%
Y.)..
cfe
Light
W
J
164 Nov
J'ly
'27%
15-4
Ma.
4
29
Feb 3
Mai 2
Dec
192
4 Aug
Ani
48 4
Nov
Nov
Nov
63 4 Ma] 93% Dec
Pel 115
Nov
100
13 Si J'ne 24 -bNov
.Mar ll
2t
48
03
J'nt
17 4
D.-C
in
I
1
i
11'4
May2.
17
4 Jan
21
37 4
May 22
37
Jan
21
2 1
9%
Alii,
48% .Mar,l
2
85
May2-
744 May2i
55% Ma}
May
6A
J'ly
7,
75 4 J'ly 27
72 4 Jan 10
I,
1
4
''
Jiy
Feb
54
Feb-S 72
Apr 17 170
Jan 13! 70
00
.(35
.Ma
11
Ant 804Nov
20% Nov
J'n.
<6<i
00
24 4 J'nelo
09 Marll,
,M»
06% Man 3 77 Mai
1754 J'ly 2s 125% Feb
May2l
14 4 Nov
284 Nov
41% Nov
7 7
DtO
53 4 Dec
67 Deo
83 Nov
242 4 Dec
Feb 3
14
May 10 58% Feb 3
81% J'neih 844 Mai 10
22 4 May22 34 Feb 14
33
32
•24
32
FeO 50%
644J'ne S3 4
16 4 Feb 31%
31 FeO 50%
26 Mai 43 4
50
Nov
Nov
Nor
Nor
Nor
Deo
85 J'ni 105 Oct
?245 Nov 2300 Deo
46 Ma\ 624 Not
Feb 148% Deo
101
139% Mai 160 4 Nov
724 Mai 064Aug
104% Mai 130% Oct
5
Apr 23% Nor
2119 4 F e|J 150
Nor
40 J'ne 67% Jan
04% Apr 7
Feb24
12
J'nt
Dec
Deo
Dec
S4
95
159
80
96 4 Sep
05 Oct
Oct
J'ly
35
Jan
Ma-, 150
i
1
i
14 Feb
4 J'ne
J
•
36% Nor
65 4 Deo
Feb U14Deo
4 Feb 147% Deo
34% teb 45 4 Nov
24 4 Jan lo 154 Feb 254Nov
14,500 136% May 2 2 107% Mai 14 1124 Mai 145 4 Deo
ll.OOo 42 Jan 20 55 4 Apr 8 25 May 47 Dec
800 115 Mar; 3 122 4 Jan 30 10l4May 115 Nor
00 J'ne 78 Deo
2,600 74 May 4 85 Apr
434 U94 May 2 2 210 4 Feb 4 21854 May 100 Oct
11,400 40% Jan 5 64 Mar3u 10% Mai 47% Oct
17,720 76 Maylo 88 4 Marll
53 4 Mai 80 4 Dec
100 914 Feb 24 W4 4 Feb 3 88 May 05 Dec
St. Louis
^[ ash. Chart, non-cum.pl
at.of Mex,
C. cfe E. I
73
'
U04
Missouri Pacific
Do
.
J'ne27
3,47
1,200 148 Jan 13 1004 Mar29
2,030 24 May22 334 Jan 1
1,500 56 4 May23 60 Marl:-,
014 May2.
-VI ail 3
36.07
300 137 Jan 12 158 Apr20
Marie.
S. S.
-
240
1.
265 4
225 Jan 1
17 230
Jan 31
Jni'2
J ly 22
224 Jan
pi
Xov
Nov
00
74% Nov
39 4 Nov
177% Dec
Mai I8540ct
Ma, .14 4 Dec
l-'eO 237
Nov
304J'lj
86 Jan 19 91
80 4 Jan li 125
pref
Mo. Kansas
1
A
12%Jne
4 7 4 J'ni
17
20 J ni
137 4 Feb
Apr!
Jan 31
l.
:;',',
564 Jan
pref
Do
1
Jan
Jan
Jan
Jan
Jan
•,
1
15
1,
52 Jan 3 70 Feb 14
28 4 J'nelH 444 Mai 14
01 J'nel. 106 Marl3
52 i 200 Jan 2i *350 Marl3
700 50 4 May 22 65 4 Feb 3
18,650 H344 Jan 26 150 4 Apr 20
1,030 101 May 1 175 Feh
01 Marl?
8,300 73 Jan
30,500 114 Mayll 131 J'ly 5
0,500 18 4 May 2* 26 Marl 3
U30 J'nel4 $150 Fel>16
Western...
pref
pref
Pittsb. Cin. Chic. <& St. L.
Do pref
79
112
80U
800
600
700
63U
pief
Erie
Jan
55 4 Jan
63 J'ly 6
90 Feb 28
2.10U 230 Jan 4
Feb
""42 83 May 16
2'.
17
8Hh Jan lb
90 Jan lb
33,ou8 152% Jan 25
pref
Do
374 Apr
May 2;
..
02,910
ansas City Southern..
Lake
1
Mai
Api
U
4 Nov
i
170 4 Illinois Central
27% owa Central
53
Do pref
Do
-
55
j
4 1,010
KC.Ft.S.&M.,tr.
25
1
,::
elf. .A
del), ctf. 1
Do
21
1
Green Bay&W..deb.
Do
l-'eO
Mai 105 4 Deo
Feb 96 4 Get
Feu 70 4 Nov
33
N01 89 Aug
100 4 Mai 135% Oct
Nor
64 A pi
72
54 4 Feb 191% Nov
284 Mai 5 1 Nov
33 Jai< 47 4 Nov
75
Jan s54 Jan
37 4 Nov
Ma, 10O4 I;ec
149
Dec
7,200 335 Jan 2. 104 4 J'ly2s 25o4 Pell ;5'.
610 27 4 .Mi\2. 30 4 Uh>14 18 Mai 35 4 Nov
01
400 83 4 May
Marl..
04 4 Feb 89 Deo
18 May22 28 4 Mai 17
194 Jan 27 Deo
"0"-,'.
704 Jan 2 95 J'ne22 60 '-J in 79% Deo
pref
Hocking
'lie
Mar 15
Apr 7
Mario
304 a pi 2
45
52
MavJ. 044 Feb 10
1, 100
324 May 2. 394 Feb 3
13. 200 1784 .Mnyj. 106% Apr
Great Northern, pret
"22 4 "2J""
*85 4 93
I
441,
174 May22
7 34
Torre Haute..
<fe
774
234
L50
ID 5
»m
40% 47% t^ie
J Do
84% 86
1st pref
74% 75
Do 2d pref
•63
.Mai 21
.MavJ
60
29
13
,Vlu)
'4
1
4,02*5
Westen
Chicago Union Traction.
10
37 4
Do prel
904 07 Cleve. Cin. Chic. & St. L
07
•115
120
120
Do pref
27-\
27% 28 Colorado & Southern
594 50% 00 4
Do 1st pre erred
38
38
Do 2d preferred. ...
38%
103 4 1024 103 4 !Velaware<fc Hudson
3
3!
898% 404 4 'claw. Lack. <fc West'n.
4
32
314
32 Va Denver & Rio Grande
80
864 86 4
Do pref
•21
23
23 Des Moines & Ft. Dodce.
9- "4 •024 93
Detroit United
14 34
14% 15 Dulutli So. Shore cfe Atl..
2.)
29
20 4
Do pref
288
-
1-7
9%
75 4
05
00
287
4
83 34
182
Clue. St. P. Minn.
'
Jan 25 155% Apr 7'
7
Jan
Jan 33
Mavj: 205 -j Feb 3
Paul
St.
38
•26
•50
•82
•100
"2011
100
Do pref
184 Chicago Terni'l Transfer
38 4 394
Do pref
464 474
844 85
33 4 May !17% J'ne2o
45
Jan
>(
01
1
16
1
165 Apr 24 J08
78 4 Jan 17 98 4
100 Jan 3 108
85 Jan 12 98
J'ly 20
Feb 7
FeO
Feb
0'
82
4 Deo
J'ly 101
Sep
Feu
51
05
7,
61 4 J an o04Deo
1314 Mayzi 14 7% Mar 13 111 4 Mai 140 Deo
27 Jan 25 48% A pr 3 17 Ma, 324 Deo
106 Feb 14 74 4 J'ne 81% Jan
77 Jan
784 J'ly 12 87 4 Feb
{68 May 70 4 Nov
70 May2o 87% Mai 13 55 Api 80 Dec
200
105 Feb 17 112 Mar 13 90 Api 107 Dec
38% Mai 82% Dec
328,500 .E79 Jan 13 108% J'ly
Dec
4,800 00 May 2 2 05 J'ly 8 76 Mai 02
84 Jan 5 96 J'ly i<
554 FeO 85 Dec
2,600
24% May22 374 Jan 18 19 4 Mai 37% Nov
19,650
5 7% Jan
86% Nov
2,700 714 May22 »5 Jan 4
Mai 18 Nor
9
800 12 J'ne 2 17% Jan 31
464 May24 58% Jan 21 35 Ma> 60 Nor
700
20 4 Feb 3 16 Jan 30 Nor
2,000 20 J'ne
500 73% May22 si 4 Mar 6 01 Mai 70% Deo
394 Jan 72 4 Dec
2,30u 61 May 2 6 734 Mar
200 175 J an 3u 1044 J'uel2' 150 Jan 185 Dec
04J'ut- 20 Deo
85i
20 May22 27 4 Jan 201
2,200 554 May 1 66% Apr 18! 25%J'ne 60% Dec
27,150 57% May 4 72% Deb 27 41 4 Mai 68% Nor
1,230 115% Jan 6 1214 Feb 15 113 Sep 1104Deo
184 Feb 37 4 Deo
0,100 28 May 10 30% Mar
450 05 Apr2- 100 Mal2. 77 4 Jan 97 4 Deo
07 Apr 18 00 4 J'lylo 90 Feb 98 Deo
2*,400 20% Apr 29 41
Marl3 20 4 J nt 38 4 Nov
1,800 124 Apr 2. 134% Deo 10i 115 Mai 134 Oct
37 4 Aprl'2 i7 4J'ne 27 4 Oct
1,100 22 4 J an 1
1
,
i-
1
1
TKUbT COMPANIES— BROKERS' QUOTA RONS
Ask
4300 4350
(
165
14 J4
28 4
AJSD
Citizens' Ctrl
180
530
278
825
160
•21
§!>2 34
001
7,600
1
:
454
.,1
102% 1034 103% 104% 10441054 Reading
014 95
04% 94%
93
04
1st pref
04% 05
*91
02
02
92 4
02 4 02 4
92 4 02 4
2d pref
304 304 30% 31
30 4 30%
30 4 31 34 Rock Island Company
75 4 75 4
75 34 75%
75 4 76
76
Do pref
764
17
174 Qt. Joseph cfeGr'd Island.
)-7 Do
50
50
lstpref
50 4 51%
•76
78
78
77
•76
77
77
674 67 41 •67
66 4 66V, •664 674
195 *185 105
•185
•185 105
fl85
•22 4 24
•23
•23
1*224 24
24
"58
53
*684 60
68
159 69
634 64 V, 63 4 64 4 63 34
.$"" 64
118%
'4
Alton
Do
79
110
"102" 1.03%
10041024
04 4 044
h
314
•8;,
Chicago
.
"i-
32 V! 33
984
i*98
984 100
.
•58
SH
101
3D5
67
36
&
]:,o>,
400 L90
22,000
'
"
!'•
ft
:i
2
anada Southern
Central of New Jersey...
Chesapeake <fc Ohio
27
27
62
51%
83 4
81% 82%
27
26
26
254 25 34
•56
53
•57
67
58 4
57
•31
•31
35
•31
35
35
•024 03
•02
*H2
08
08
*315 320
*310 330
•oio 320
*54
58
•56
57
57
60
143 4 144
1434 145
144% 1454
165 4 1054 165 4 106 4 105 4 165 34
82
82 4
*2
82 h
82 4 83
126 4 126 4 1264 127% 127% 128%
204 214 21
214 21
21%
*1'25
146 •125 146 *125 140
*54
60
•54
•54
60
60
*80
03
•86
•86
03
00
122% 1223, 1234 124% 124 125
-167 160
150 160 4 161 161
•27
274 28
28
284 29
024 63
63
03
64 4
07 38 98 4
08% 08% 08 4 1004
• 142
145 • 142 145
142 142
"37
374 •37
37 4 •37
374
*10 34 21
•20
214 •20
214
1444 144 4 144 146
1464 147
40 '4 49%
52
40 34 52 4
534
*110 115
114 116 4 1174 117 4
•80
82
82
83% 83
834
{202 2024 202% 202% 202 4 202 4
50 4 50 34
50% 62 4 52 4 62 4
854 864 30 4 804 80% 874
04
94
"02
•02
04
04
202 2024 203 204 4 204 204 4
•00
04
4914 914 •00
04
103 110 «103 110 •103 110
•90
06
•90
•01
96
06
140 34 141 3
141% I425f 142% 143 4
•35
30
•35
30
38
43
27 4
52
83
*50
.
79%
97
-11.',
1684 160 4 100
264 264 •26
•185
94
*85
93
209
235
35 4
05% •03
•824 83 4 •82
25 34 25% •25
•56
58
-31
35
35
•31
-02
98
08
•92
325 $315 315
"54" 64
56
57% £-7', "55
143V,H5i4 143 4 144", 143 34 144 4
I60 v, *1644 105
1644 164 4
163
81V,
81 "a 82 V,
82
81
126 4 ^t^ 125 4 120 '4 125 4 120 4
3
lag
21
21%
20% 214 20 4 2
125 146 •125 146 •130 146
"54
*64
60
60
•54
60
'86
-86
03
03
•86
03
121 34 1224 •1214 122%
122 4*22%
157 160
1584 1584
•157 160
27 4 28
27 34 28
28
3
62 4 62%
62% 62 4
1*62% 03».
3
93
98 4
07 4 98%
07%
97 4
•142 145
143 143
>142 145
*37
37
37 4 •364 30 4
37
*19 34 21
*19 34 21
*19'
20 a
14341454 1434 1414 144 145
47 4
47
48
49 »b
47
47
•110 115
•110 115 •110 115
•80
82
814 81%
82
I *80
^2004 202% 2014 2014 •201 2024
50 % 51
504 51
50% 51
I
84% 85 Vj 84=8 854 84'8 85 34
934 04 •02 04
04
*93
2li2
? 199V
108 2014 202 203 V,
"00
"90
'*90
05
04
04
>103 110 "103 110 103 110
"91
•90
08
•90
96
95
=
1404 141
140\ 141%
[140 141
•34
40
40
t*34
57
*85
•03
03
03 3
160 4
•50
93 34
160
27
52
82 4
•
30
84
354
2S6 290
2864 288
2S6
23" "23" 23
"234 '.23=8
"23% "23%
.
•'.16
00%
V, 1154
'20% 27 4
115
274
3s
35
37% 37%
100 4 1004 102
302
384 300
314 " 30 4 32 4
864 *85
80 4
37H
44%
94
03 J
•33
34
*964 90
•115 120
23
02 V14 V.
20
45 V
V,
7't
34
47i50i
5.V.,
'4
Jan
[ire/...
PacilW-
)).
IS'.
"374 37 4
84
84
"37% 384
102
200
*
18'
19
50
•85
*284
65
90
287
*63
•85
287
074
120
•264 27 V,
*
Susque,
'aiuuliaii
Feb 39 4 Nov
Jan 104 4 Not
1
I
794 71".
Do prel
104 20 Chicago Great Western..
804
",
4 p. c. debenture*
•62
65
Do 5 p. c. prel. "A"..
-30
82
Do 4 c. prof. "B"..
'
!
32
!
•
7o
•200
17.V4 1804 180
188 »186
186
,
•
J
0.1
514
'
"30
!
I
!
/
33
4
prof
A
Buffalo
',-1
•84
•62
i
304
200
30
Do
1
*
'-.
1
1
\
|
•
6
1
1534 155
:
6,320 77% May 22 93% Mar 9 64
2,600 99 Jan 2' 104% J'lie 7
87%
/:. 00 120
Jan 26 170 A |H 2 104 -1
5
:i^
73,050 LI 04 Jan 2."
J 'ly 13
601
Mar : 00 J'ly 27 s7%
91
10.1 30 5«4 May2
734 J'ly 3 38
Topuka&.Santa F<
4 tch.
•'»
159% Atlantic Coast l.ino Kit..
5 Vj 1)altimore<fc Ohio
100
> Do
pre!
694 Brooklyn Rapid Transit..
•83 4
152»8 15
70
B
199 19.)
•83
"
I'.'
05
32
82
31% 31% •30
*30% 31 "a *31
176% 178 4 170% 17b% 178 4 ,li', 178 4 170
185 180
IS!)
*1S5 189
188
185
•186
2074 208 V 207 4 200 "Jii/ 209
200 200
235 241 239 241 -.:;.-> 241
,»235 241
*182 192
•184 192
102
18 I
,•186 102
•190 200 * 190 200 *100 200 •190 200
6
,!->,
36
794
•194
I.V.K,
114'.,
80 4
.V.:',
19V,
1
1
68'
152 4 162«b
'O.i
7o
198 190
874
80 4
102 4 103
02 4
1564 157 h
1144
113
in
99
102 4
•884 804
'.
IBl" 152 4
4 19 %
87 4 *84 4 SO
63
05%
63
»84
*62
:
07 4
19
»33
70
08
70
Si
190
*107
62
\
084
i$s*l 151
•68
*084 70
;
I
98
68 4
89 4
98
07
09
854 854
84 34 85 4
102 '4 1024
157
157
113 ir:\
•98
90
Banks
Ml&
ASK
Fifth
340
First
730
14thstreet1l. 145
fourth
..
Gallatin
Garfield
750
155
215
425
200
too
500
German Anr, 155
1. i-rnian Exl
400
German ia',, .. 450
iii
cenwich'ij
Haimltonll
'
105
...
190
Hanover
1.1:,
Imp 1V5 Trad. 500
505
Bid
linnks
155
238
7 4
510
Liberty
1500
Lincoln
Manhattan' 320
Market <&Fui 260
285
Mechanics'
Mecu cfc rra' 1^0
Mercantile .. 260
Mercli h.veii 170
Merchants'.. H774
lot)
Metropolis'
Jetterson1|... 17
Metropoh'nl; 170
.
Ask
.Nassaull
New Amstei
New York Co
NY Nat Ex.
New York.
270
205
187
263
475
1300
195
3i'0
10th Ward-
170U
105
175
i
,
)
..
Prou Fxchl
liiversidel,
Seaboard
320
North Amer. J33
135
Northern
238
Shoe cfe
Mate"
oriental"
70
20
..,j
J4tl> SI
>
...
I
Letli
i-t
el
.
12lh Ward'
2
3d
'»
1
.
.Second
.
Pacific'
250
5500 3750
* Bid and asked prices; no sales were made ou mis day.
State in us. a lix ill Vidoii. a.11
LiOdS
n.i l ) -ulu-os.
c rii.us.
I
J Sale at stock Exchange or at auction this week. s Trust Go. certificates.
n Sold at private sale at this
h Assessment paid.
.
...
Plaza".
.'05
1
\N
I'liiibs.
,
price.
Ask
aid'
u
.
510
200
525
100
575
People's'
Pheuix
205
i 10
350
.
175
Bid
itanlo
Park
MtMorrisI ,.. 210
300
.Uuiuail)
185
.
::;;,
..
ASK
Bid
Banits
InterboroH.. 145
23 4
Irving
105
175
185
250 280
050 700
700
150
1200
200
225
150
.sew stock.
4
'
» J
•
July
4
.
Stock Record
29 1905.
STOCKS— H1QHSST AND LOWEST
July
July 22
38',
55 4 56 H
1104 111
66*4
1 1J
112
56
111
66
1264 127*,
•974 09 "s
is*"*" i'.s-v
127 412b',
v:i'<[
884
98*ji
IU 3
;-',
55 34
i'04
9--
113H
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81
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194
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19'.
KS--4
38 Hi
16
38 V
3S'4
SO 3
-
,
96
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42
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23 4
25
24
834
50'.
60 4
4
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as 4
•
514
60
68
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10
6
19
19
42
1
36
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384
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1
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4
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Do
66
19
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97
37
8
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25
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s
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64
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364
138 4
139
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140
140 -13H
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36*4
37 4
138 4 138 34
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140
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97
964
37
363s 36 34
37-4
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95
43 4 45
95
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13
190
190
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474
414
84
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18»4
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784
85
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33
554
55
112 4 112
22 4
22
90
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43 34
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4 3*4
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149
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42
104
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50
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9o 34
93',
240
240
3 4*4 o4 3!
99-.
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82 H.
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126
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.
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1U6
414
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7
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83
333b
•70
334
93
167
195
93
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334
1
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414
84
105
95
174
19
78 34
85
30
83
33 4
75
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854
43
564
e
33 '4 33 4
lu5 106 4
•38
44
22 * 245
*J6
228
1«5»4 187
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165
190
124 13
454 46
3834 39
94 4 94
-237 241
*34 34 35
•99
99
20 4 20
82 4 82
34
-103 105
•80
83
104 106
;-.''),
•33 4
73 4
J
30*4
167
195
9
7 H
73
3
51
30 *8
93
93
I"
123 11 34
124
904 '" >4
30*4
Jl
674 67'
-74
484
67
934
'4
9
8
84 H.
7
e
8 34
35
85 4
•43
44
31^
"
44
245
190
195
1054
150
98
424 42
104 4 104
74
101 3« I02 \
33 4 834
105 1064
75
67
112
22
93
45
112
22
•88
•42
•105
'145
*98
104
4-i4
I0i>4
ai-\
324 334
43
101
4
•70
8634
44
92
125
90
3
«3
4
86
74
314 3138 314
•9l 34 93
92"4
122 125
122
•37
90
•86
29 7g 31
30 4
06
66
67
4- 34
47
48
1114 112 zl'iB4
32 •„ 33\
33 <4
8
104
>4
•154 16
*5o4 57
42*4
44
ns"
47
•46
47
40 4 40 34
82
82
107 34 109
93
93 4
173 4 176 4
14
47
404 40
•81
47s,
r,
4
84
1074 10714
94 4 94 4
174
19
ls-4
19
78 '4
85
30
784 }784
•57
85
30
32 4
•70
57
•274
83
32
•80
75
58 Hi
58
58 3,
114 1144
22
22 4
•88
93
45 4 46
105 105 H,
145 4149
9834 1014
43 >4 43 4
1124112
22
93
45
105
83
33 4
32*6
4
.
1454
.
1044105-8
IO4S1 104
12-j, 134
13
•12 "a 123,
48
46
50
50 4
39 4 39 4
394 40
3
94 Vi 94 4
944 944
'239 241
239 239
•35
35
35
*99
994 •99
9JH.
20 4 2038
204 21
83
88*4
82 4
83
34»8 35
34
34
103 105
103 106
824
83
8:
105
864
84
125
105
1
60*8
85»4
86 4 88 4
•43
10
44
10
734 74 \
304 30 4
•904 924
*
93
125
93
314 32 4
68
68 4
48*9 50 4
91
314
674 68
484 48 4
10941-10
109 a| 1 09 H
34
34 -4
33 4 34 4
101'gl
-,
102 4 02't,
102
•33 4 34
84
34
105 106
106 4106 4
•38
414 414 41 4
-228 24
•228 245
45
934 933, •93 4 93-.
165
165 167
167
67
'190 1H5
190 1 95
1
74 4
31*8
98
•122
92
25
122
91
31
44
10
43
104
744
304
10941U
344 354
I
1024103',
34
loo
.
34-.
'4
107
Vi(>4
1
)
,
,
prer
American Steel Foundr's
Do pref
Amerioan Sujrar Rcfininj
Do pref
,
American Woolen
4Maj 38 Nor
67 '< N..v
lei.
S3
l.-M
87 4 Feb
158 Auk (165 \.i*
21
6
12
I
I
1
rtH
4
.Inn
J'ly
4 J'ly
»9
4 May J.:
May28
1 '•
Mai
17
No*
X804
l'eh
Feb
B'
25
Deo
9
69
I'ec
7
17
424Api
15" Ma\
Jl;u:;i
82 J'ne23
23 \ Feb 3
7
L8
1
Feb23
32
May 1 19*4 M.H 13
Mny 4 48 Kcb
2 * 4 Marl 3
May
Apr -^9 25 4 Feb 16
Jan 13 644 Feb 17
1
4
4
Now
484 x "v
J'li
2*!"4 .\,.v
J'ly
37
1
63
37
l,
4
32
36
49*8
4J'ne
16 Jin
21
1
lire.
26
I'el'
'4
J'ne
6
J 'no
4 Jau 14
66 4 Marl7
344J'nc21
24*4 J'lyl2
15 4 Jau 17
36 Jan 19
Jan
N»v
Nov
Xov
Oct
Nov
Xov
Dec
ice
lice
J
Deo
Dec
Dec
Nov
Nov
Deo
114 Dec
4«34 Dec
Jan
11 4 Jan
11
7
'i\
27 'i J'ue 16 ..„..
22 34 Apr 17
J'ne
48 4 Apr 17 22 4 J'ne
61 '4 Apr 13 164 Jan
20-8
Nov
42 4 Nov
30*8 Nov
33 Jan 25
300 103 34 Jan 5 122«, Apr 16 75>- Jan 105 Nov
2>. j 'in
fiOu
9 Dm,
5 J'ly 17
8 34 Jau 14
400 20 J'ue 9 284 Mar 7 10 J'ne 29 Dee
97°8 J nel. 984 J'ne28 "4"""
300
9G.300 79*4 Jan 9 128's Apr 13
Feb" 82 4 Dec*
2,600 111 4 Jan 13 127 Apr 6 88 34 Jau 115 Oct
100 163 May31 183 Jau 21 110 Jan 170 Nov
'
99 Jau
105 4 May 2
85 Jan 99=8 Nov
,
64 J'ly 27 18*8 Mar20
34
,970 85 4 J'ue
07 4 Apr 4 26
9,400 130 May22 1493, Mar 2 122 '4
133 MaylO 140 Mar 7 123
200 !36"6 May2i 118 4 Jau 6 121
1.810 914 Jau 25 99 6h Feb 8 85*8
9.750
1
'
»,50(>
500
pref
404Aprl8
t084Marl5
20»8 Jan26
93 Jau 6
J'ue
J'ly
Mai
Jan
Feb
Nov
Jan
Jau
Feb
10
69
15 4 Dec
574 Dee
153 Nov
141 Nov
149 4 Nov
96 Dec
25 Nov
94 34 Deo
120*8 Not
229 4 Oct
'
I
1
Coal&C
1
I
'
1
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
llanki
Bid
X'nu.n Eicli^ 215
.1
H'iiU"'
"A'e»l M,ie«
iork.Uie'
..
85
210
575
400
Ask
Home Bank r
125
Manulactrs'. 345
Mechanics'
246
Xasftaa
416
Nat City
<05
Br..
1
....
way
North
iBto<,kiyL'
Cou'yl&ttB[Fir-i
*
,
1
120
135
315
.,.,
.31
145
186
Can.
Ask
Mid
I
People'H*
Prospect
130
140
17th WaxiH,. 155
Union'
200
Wallalxmi*
160
1
1
.
525
Bowl'BHrern
210
Euick
NV
165
.'250
Ti
r'»i
Xc w Vorl;
780
Heal BstTrM 325
Empire
Equitable Ti
.17
500
union
IliO
.
.
; ji. A.1..H1.
210
5
,V
Tr t'o ol
1
r'l
I
TtuiiI
226
110"
,-,ii
1075
7-0
1500
KlailniNli
t*ranlf)in
1450
KlU
II.
1
10
160
J.I;
,
1,
111411
v
Ex
w.iiiit.iti<ulj, li.V[.t
^t->c» nvi loot
1 Pr Ml Ut>. ceriiu
1
.
i
ti.ici.
—
.11..
i»l
L4
1
m
•'«
n.Kh'r
.
Hid aun anKeo prices, no saien on Uxla day.
sale iii stock bxchanfte or tt auction tins reeK.
A$k
1
:9o
t
Winilnor
,
Kronkiyn Ti
BMtgATl
IIL'lOll
Mid
BBOOKLVN
:c.'0
I
Am.
rnit Btatea
\ an \'.:in'l'i
Morton
246
560
KanuLo<k'li
Tlllei,..
Lincoln 'It... 5 7«.
MauliHtlan
175
8uni.lai.ri
lVuii Co'«
?35
'l'i
230
'rb'k'r
Metropolitan 615
i'ru.Mi 19254
frominoiiw'tli
150
Bid Ask
DifeATT 1025 1075
.Mercanlilr
•llll
Oeutral
Colon L-vl
'i
T m*i Co'a
Ask
1050
IjiwT I&Ti 310
Broadway
Pit'
Kirifrcwuo'l'
Bid
•
CITT
BankerH' Tt. 5o0
300
290
Side",
TruHt Co'»
Fifth Ave Tr .. "6
in.iranly Tr 600
Qaardiaii Tr 220
K. T.
.
!
borouitli*
Trim
Atk
BBOOELT""
hkooki.tn
.
Sid
I'.uiiL,
225
90
225
1
6,700 l00 4May22 130 Apr 13 61
i»4 4May22 X215 Feb 14 185 Mar
12 58 DecI 'ruusw. Dock& C.Imp'i
"io" 104 Jan 13 16>4 Apr 18
56 J'lyl
604 Jan 18 47 4 Fel 62 34 Deo
Butterick Co
7*i&o 41 4 J'ly 27 47 J'lyll
/ 'entral Leather
V ' Do
8.493 lo34J'iy2* lu54J'lyll
pre:
17,700 38 Muy22 59 Mar24 25 4 Mar 584 Nov
Colorado Fuel & Iron
85 Feb lo 105 Mar24 63 Apr 95 Dec
Do pref
900 11 34 May24 18 4 Jan 30
Col. & Hock. Coal <fc Iron.
8 J'ue 19 4 Deo
300 1844Mayl5 214 Mar 3 185 Feb 220 Oot
Consolidated Gas (N. Y.).
34 J'ue s
22*4 Feb 7
9*4 May 26 4 Nov
520
8
Corn Products
310 43 J'ue 8 79 Jan 10 65 Mai 82 4 Not
Do pref
2,550 z34 78 Jan 25 474 Apr
19 4 J'ue 404 Dec
Distillers Securit's Corp.
100 76 May 2 3 89 4 Feb 27 82 Nov 83*8 Nov
•.lectric Storage Battery.
l,3oO 60 Jan 11 128 Apr 7 43 4 Nov 68 Dec
Federal Mining <& Snielt'g
1.500 75 'Jan 5 lo74Apr
Do prel
71 Nov 90 Nov
2,600 169 May2u 192 MarlG cl51 J'ne 1944 Nov
General Electric
1,225 I84 J'nel6 254Marll
104 May 25 "b Dec
International Paper
220 76 4 Feb t 824 Apr b 64 4 Feb 794 Dec
Do pref
60 j'ue
100 Feb 23 26 Mai 72 4 Deo
t nternational
Power
27 J'ly 14 404 Feb '_
luternat'l Steam Pump..
28 Sep 4 1*8 Nov
78 4May2i- 88 88 Apr 14 714Fe0 87 Nov
Do pref
4,000 10 Jan 16 34«8J'ly20
Knickerbocker Ice(CniC)
8 Sep 12 4 Oct
60 Jau 9 76 Apr 6 4s 4 Jan 66 Oct
Do pref
7,835 544Jan25 663s Apr 3 36 Jan 59 4 Nov
>Tational Biscuit
Nov
l,4o 112 J'ly 20 120 34 Marl5 1004 Jau 117
Do prel
2,460 184 Jan -0 314Apr 5 14 Sep 23 4 Nov
Nat Enameling&Stamp'g
100 86 J'nel9 94 Apr 19 75 J'ly 287 Dec
Do pref
2,80u 244 Jan 24 5 1 *4 Apr 7
National Lead
14 4 Feb 264 Oct
Do pref
1,300 9?»8Jan
1114Feb20 80 4 Jan 98 4 Dec
New York Air Brake
1.40J 140 May22 16l»eAprl5 120 Feb 164 Nof
North American Co., new
5,'.'O0
97 4May22 107 A)irl7
80 Mai 10? Nov
2.110 33 May2
494 Jan 4 24 Feb 55 Nov
Pacific Mail
7,150 97 4 May 1 115 4 Apr 3 92 34 Mar 1124 Deo
eop. Gas-L.& C. (Chic.)
fittsuurgh Coal Co
2,800 124 J'ly 19 21 Mayl5
4,55u 45 4 J'ly 26 80 4 May lo
Do pref
46 34 Apr 14 24 4 May 444 Oct
Pressed Steel Car
2,060. 33 4 Jan 31
87 34 Mar 6 99 4 Apr 14 67 May 92 Dec
Do pref
72
Pullman Company
325 230 May31 254 Feb 28 209 Mai 244 Xiv
1,100 30 May 2 2 4o38Aprl7 16 Mu> 35 Nov
t)ailway Steel Spring...
V Do pref.
93 Jau 25 103 34 Apr 15 71-*4 Mar 94 Deo
Republic Iron & Steel ...
15 Jau 28 24 4 Apr 3
8,50,
6 May 1«4 N"V
Do pref
12,800 67 Jau lo 87-aFcb23 37 Maj 73 4 Nov
Rubber Goods Mfg
7oo 24 MaiT4 38 MaylS 14 34 Apr 294 Dec
Do pref
94 Jan 25 L09 4Apr 1 74 34 Jan 98 Dec
3,0oo 60 Jan 25 1184Feb24 31 4. Ian 65 -'o "sov
Sloss-Sheuield St. i Iroii
Do pref
600 LOO Jau 13 130 Feb 23 77 Jan 105 Dee
3 Jan 28
3 Mai
6
>, ov
Standard Rope 3i Twine..
3 Jau 3
4
4
Tenn. Coal, Iron A RU... 25*30* 68 Jan 35 106 4 Apr 4 31"HMa5 774-Nov
1'exas Pacilic Land Trust
200 374 Jan31 46 4 Mar28 25 Mat 394 \..v
SVJ'no ^ 16 4 Apr 3
34 Aug 134 -Nov
2,000
Union Bag & Paper
Do pref
Tan 10 82 Apr 4
45 Feb 75 '4 Nrf»
790 68
If. 8. Cast 1. Pipe & Fouu.
4,900 TJ 7eJau 8 35 4 Apr 14
64 May 20 4 l>ee.
Do pref
300 79 '4 Jan 3 97»4 Aprl7 40 Mai 8T' Dec
United States Express...
134 Feb 8 100 Feb 2128. Soy
18U 2120 Jan 9
V S Realty & Improve'nt
900 77 Jan 4 98 4 Mario 43 J'ly fc4 4 Nov
U S Reduction & Relin'g
2.200 18 Feb2- 404 Apr 18
Do pref
1.200 35 Jan 13 704 Apr 18 364 Nov 40 '4 Dec
United Stales Rubber
17,-80 33 34 Jan 3 50 4 J'ly 2 >
104 Feb 34 4 Dee
Do pref
3.t00 983j,Jan 6 1184Apr 7 41 Jan 100 D.o
United States Steel
8*» Mny 03 Hi Deo
273,908 24*8 May2'. 3» 4 Apr 7
Do pref
184,260 90 34 May22 104 4 Apr 18 51 '4 May \ij ', Deo
Virginia-Carolina Chem..
31-4 May 22 30 Jau 3
22 34 J'ue 4 4 4 Dec
1,300
Nov
Do pref
1,100 103 4 May 1 110 Fell 211 97" 8 Apr 1
Virginia Iron
200 36 J'ue 6 52 Hj Feb 24 18 4 Sep 44 Nov
AUg
J..
235 Jan 3 200 Feb21 2200 J'ue
Wells, Fargo & Co
est'n Union Tele'gph
"'b'o 92
Jan 17 95 4J'nel9 85 Mitt 9 4 Deo
A'eHt'gh'.ibEldcMfgasaen
152 May 20 184 Apr
153 Mat 185 Deo
Do 1-tTvref
o
K.-0 28 107
April 180 An? 198 4 Nor
Anaconda Copper
I Jrooklyn Union Gas
134
105
Do pref
Amer Smelters Sec pref B
Do
104
112
194
111
186
12 34
•
22
-88
45
105
145 76
98 11
42>4
pref
,
1404
I
' Jau
619
139 4
139
Amer. Teleph. & Tele**...
97
Amer. Tobac. (new), pref.
374 38
374
Hi
39
lor Previous
..11
J236 Jan 9 1250 Feb 7 >220 Feb 250
Feb 17
13 Mny 4 10
.Mai
6
21*e
46 4 May 4 68 Feb 17 39 H Mar 71
70 Jan 25 894 *.p» 14 43 4 Feb 82*4
20 Jan 24 29 H» Apr 16
13
Mai 24-4
804 I'Vii 3 idl Feb 10 72*4 Jim 87
J J'ly
35 4
31 May32 48*8 Apr 14
14 4
r'.'14 Jan 25 1 04 Hi Apr 6
6/ Jan 9434
27-', J'ly 19
38 Apr 3 2 4 '4 Jut 374
89 4 J'ly 11 97 Feb Hi 88 34 J'ne 97
2209 4 Jau 4 240
Feb 27 180 J'ne 219
5 Aut 14
54J'ne23 14 Jau 4
1,000
2,4oo
11,625
pref
Do
104 104 4
45 4
45 4 46\
*
95
95
172 173 4 •172
*lh 34 19 4 -184
•78
79
784
•57
•57
85
•27 4
•274 30
•80
•80
83
1
•9
•72
'4
44 34
t
•46
47
40 34 40 34
•81
84
105 4106 4
47
4
I04
26
13
1
Apr
7
4,910
American Maltmir
•1884190 •188 4190 •18^4 190
104 •10
10
104
10 4 16 '*
104
*3
92\ 93
4
•
13 4
•70
5*4 554 55 4 5iJ4
112 Hi 1124 •112 125
22
22 Hi "21 34 2 2 Hi
•90
94
90
90
•42
•42
45
45
II 54 105 '4
1054 105 4
145 1 19 4 •145 150
•.<»
98 4
98
98
•42
43
42 34
42
lu4 104 4 104 4 1U4 34
13
13
13
134
48
50
48
46
39
39
38'4 38 34
• 93
34 4
94
94
Hi
239 239 *237 241
34 Hi 34 3
35
35
00"
'99
•99
994
1934 20
20
20
8134 82
82
83
•33 Hi 35
•34
35
103 4 loo •1034 105
80
81
83
80
76
•12
•92
•1/2
89 >
30 4
•65 m
47
lOu
47
"4
1
85
43
•10
•46
40*8
-81
105
•89
174
•18 34
•78 4
•57
•27 4
•80
105
91Hi 92
174 174
175
19
'174
95
44 4 44
95
l23e 13
98
7
"1884 190
IH8H1 189
•10
10*8
47
*4l
81
100
454
44
Do
5
37
374
139 '«
139
139 4 •138
140
139
97
97 4
fc
44
.
American Locomotive..
49
112
•1014
102 Hi 104
lot
102»« 1034 102*4
104 101
4
108', '103
109
110 111
1084 108 -9 108
'187
•187 194
194
194 -1.S7 194 •187
194
187
10*i 154 •154 164 •154 164 •154 164 -154 16
•50
57
•564 67
57
•56 4 57
*;.o
•50i, 57
44
43<4 43"*
42»8 43'f
42
414 42
42 4
44
lt;3 34 103'
103 Hi 103 34 103 34 104
U>3 34 104 14
104 104
"
*«
Do
1
son
450
Leather...
119 4 1194 121
um-r. Snitlt'K & Keflu'fr
120 3, 121 34
121
Do pref
183 •167 183
American SnutI
....
7
500
1,100
31
\meriean Linseed
41
•25
•98 34
102 3
4H0
20
"4*4
98*4
4.4O0
264 American Ice Securities
112
112
6
25
Amer Hidt> &
Do pref
40
100
pref
J'.-'s
7
"84
Do
95
236
6«8
170
tl04
10X
•
35 3
American Exyress
64 American Crass Twine
170
•102
175
•1014
H.
1
/I it/ first
160 j-n. .'.;
.Ian 6 137 4 Feb 26
-May
101*8 H4U21
1
20
45
4.100
309
118,105
Do pref
364 American Car & Foundry
4
•984 99
Do prer
'29 '4 3«4 American Cotton OH
35 4 35
'IS 4
98 T8
3U
80
•92
95
•220 230
1164 117 4 119
119 4 U9 4 120
ne'e 116 116\,
12U •1194 120
;
•54
112
•5
25
98-s
•98\ 984
<.
37»4
4 37*8
24
&
64
4
6»b
6>
5
97
'138
230
;l
Ho", •111
40
•1374
•5
6>,
as
34 3<
98 7
9
38'. 39
138H, 137 Hi 138
i394 '138 140
14'i
'137
13ti
9
•89
k;t
87
40
98 -»
29
ti.'.i
0011
4'H
401
AmalsramatertCopper
Anier Asr.eult Chemical.
4 81
.-3
•22
May!
'4
Apr
66
1334 Apr
11
37
15
Mi
20
1,800
llU-Clialmers
Do pref
584 60
.la
17
.tUncdl
Express
Adams
164
',
S9 4 40 4
39 34 40
394
394 40
"26-4
26
26
{^6
26 4 26 > {26
•184 194 lS^ 204 17
194 194
42 4 42 >4
414 42 34 41
42 4
41
4S 34
47 4 47 34
49
473g 48
48
42
111
•4*8
•24 '4
•98*8
115°8
119-j
35 4
98
31
9j
35
»9B
"29
"92
95
(326 •220
353,
•6%
64
18
40
4
a 20
S9
20 4
18
4 474
115
5S
1164
4
39
15
!'8»8
6 34
8'
•-6 *
•17
237
35
04
:,
•i;
247'v
247
'
SO 4 35 H
in
•98
2 8 Hi 88
•92
95
225 825
5
4
l5-« 15 •„
4 164 •15 4 164
66 J4 69
65 4 664 •55 4 67 4
83 4 84
83 4 83
x82'a 83
•22
234
247*1 •996
15
164
28 4
;5'.
38 4
883
43
4 Mnyj\ Jan
80
3d prel
Do
248
.
2
2. so.
8,301
Wisoonsin Ceutral
514 61H
1
00
l.im prel
I
Do
:
7oo
1.800
4.316
Bantfrati
pre
Whceinii; .*. Lake Erie...
Do 1st pref
Industrial
247 4 •235
235
173*950
[irct
UaOiUth
-2<>
414
6
1
Po pre!
B74
»804 814 United Kysof st
40
84
105
'
86*4
-3.'
- i H:
10ti
I.S..
1
ol
Rang*
JHghest
Lowest
900
ens
LI Dion PMlfle
P11
KaiK/e lor YtUT IU
in Oasis ol lOU-share lot*
Stiare*
pM't
Unltltyslnr't
'154 164
17
4L
tr.
1
Week
v. tr. otfR
vot.
iiret.
493
the
1'win City Rapid Transit
13*6" 13l'
"s'4 98V
ea
W.
I j. <ft
Ho
\
.
40
•50
as h
01 '4
1
1
2
Hater 0/
EXCHANGE
•38 4
•23
• 23
24'j
1
128-« 129*8
98 v 93<4
6 4 U 64 U
86 '4 BO ',
»804 81
18 4 10
:
8*
.
6
"i
984
'••
."
1
39
.
ijs
88*4
664 66
11841134
56 4 56 4
113 113
654
66
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STOCKS
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Thursday
Wednesday
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— Concluded— Page
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New York
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Stock
Record, Friday
Weekly and Yearly
OCCUPYING FOUR PAGES
BONDS
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1
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104
.
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bonds. ./<;1918 Q-F
bonds.. £1918 3-F
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101
104
131
133
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J'ne'05
133 4
109 J'ne'05
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1954 J-D
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132Hil32'e
132 I4I33
109 110
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107
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101^ 101 94H»103>s
99 \ 418 90Hj103
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86
93 »4
73 10314 108
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36 92
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State Securities
Alabama
Class
Class
\
A
cluss
B5s
4 to 5
1
J-J
4s
99»4
9934
1906
1900 J-J
1920 J-J
1924 FA
J
Currency funding 4s
Dist of Columbia 3'65s
P
190b'
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104
So Carolina 4 Vs 20-40
.
Teuu new
,.
96
*
95^2 Dec '04
9034 J'ne'05
12 n4
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Sale
Railroad
\ labama Cent See So Ry
AlabaMidl See At Coast Line
Albany & Susq See Del & Hud
Allegheny Valley AeePeunRR
Alleg & West See Butt K & P
Ann Arbor 1st g 4s
/U996 Q-J
Atch T S Fe gen g 4a... 1996 A-O
<ft
£ Registered
1995 A-O
Conv g 4s (subscrips)..1956 J-D
Adjustment g 4a
A.1995 Nov
v Registered
?il995 Nov
Stamped
A-1995 M-N
Debentures 4s Series E. 1907 F-A
,
'
1908 FA
1909 F-A
Series H
1910 F-A
Series 1
1911 F-A
Series K
1913 F-A
* East Okla Div 1st g 4s.. 1928
Ati Knox & Nor 1st g 5s.. 1946
.Atlantic Coast 1st g4s.M952
Charles <fc Savlstg 7s.. 1936
Series
F
SerieaG
MS
W
•
1st gold 6s..l934
a JSav $ &
1934 A-O
fi. 1st gold 5s
**"'.
Ala Mid 1st gu gold 5s 1928 M-N
Brans <fc
1st gu g 4s 1938 J-J
P
W
90 H2
98
95 Sale
9978
99 34
94
J-J
Q-J
103
102 Hi
97
95
May'05
99 HiNov'04
99 »8 J'ne'05
99 Hi Jan '05
98 HsNov'04
97 Oct '04
101 HiJ'iy'05
112 HiNov'04
102 Hi 102 58
993s
9878
983s
973j|
118
1028b Sale
141Hi
129 34
95
28
97
96 34
10
97
114 a4
115
9734
N
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jj
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Cent Pacific See So Pacific Co
Chas & Sav See Atl Coast Line
dies & Ohio g 6s ser A..ftl908 A-O
Gold 6s
1st consol g 5s
al911
1939
1939
1992
199
Registered
General gold 4 His
Registered
Craig Valley lstg 5s. ...1940
R<fe A Div 1st con g 4s.. 1989
19«9
2d consol e4s
Warm Spr Val 1st g 5s. .1941
Greenbrier Ry lstgu g Is '40
Chic & Alt RR ref g 3a. ..1949
Railway 1st Uen 3Hi8...1950
Registered
1950
Chic B & Q— Ch & la D 5s 1905
Denver Div 4s
1922
Illinois Div SHiS
1949
Registered
1949
Gold 4s
1949
Iowa Div sink fund 5a.. 1919
Sinkingfund4a
Nebraska Extension
1919
4s. 1927
Registered
1927
Southwestern Div 4s
1921
Joint bonds See Great North
Debenture 5s
1913
Han & St Jos consol 6s.. 1911
Ohio <fe E IU 1st a f cur 6a. 1907
lat conaol g 6s
1934
96Hil0l
General consol 1st 5s
1937
101 34 105
Registered
1937
100 Hi 103
Chic & Ind C Ry 1st 5s. 1930
100 103 Hi Chicago & Erie See Erie
94«g 97 34 Chic In & Louis v ref 6s... 1947
Refunding gold 5s
1947
93Hi 973s
94
98
Louisv N A & Ch 1st 6s. 1910
99<58 99»8 Chic Mil & St Paul con 7s 1905
Terminal gold 5s
1914
General g 4s series A..el989
99%"99«b
el9W9
Registered
99Hi 99Hi
General g 3 His series B.«1989
Hi
1S 78
98J4l01H»
l0034l03Hi
125 1sNov'03
112°8 Jan'04
114 14 0ct '04
93 J'ly'04
97 34 Oct '04
Sp Oca & G gu g4s 1918 J-J
.Atlantic & Dun v Hee South Ity
W
H.
99 s8
Sil
Austin & N
See Sou Pacific
pfoalt & Ohio prior 1 g 3 Vs. 1925
lE> Registered
M925
/(.1948
^.Oold4s...
* Registered
A1948
Conv deb 4s
1911
Jun <fe Div 1st g 3 Vsl925
Sysref 481941
fiouthw Div 1st g3 Vs.. .1925
V Registered
A.1925
Monou Riv 1st gu g 5a. .1919
1043b
102 >2
96 \i
97 :>b Feb '05
Sale
97>4
99 \
104
102 '4
99 ^ Sale
104 Sale
104
100
113
lOlHilOlHs
102'«aMar'02
111 Mar'02
119 34 Oct '04
105 >i Dec '04
103 l4Dec'O4
ISO'aJ'ly'Ol
120 Mar'00
9578 J'ly'05
6s
l
4 Jan '05
109 '4 Oct '00
117
Louisiana new cousol 4s. .1914 J-J *100
..North Carolina consol 48.1910 J-J
j
1919 A-O
1933 J-J
settlement 3s. .1913 J-J
J-J
V Small
•Virginia fund debt 2-38...1991 J-J
6s deferred Brown Bros ctfs.
101
Mid Ga<& Atl Div 5a.. ..1947 J-J
Alobile Div lstg 5s
1946 J-J
Uent of
J gen'l gold 5a. 198" J-J
Registered
/il9»7
Dock A; Imp gu 6a.. 1921
Le
Hud R gen gu g 5b 1920
Leh WUks B Coal 5s. .1912 M-N
Con ext guar 4Hjs
7PJI0 Q-M
Am
Foreign Government
iV
95»4 Sale
PLE&WVa
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.
.
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.
.
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MS
J-J
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M-S
M-N
A-O
J-J
J-J
F-A
F-A
J-J
J-J
J-J
CRIE&N
M
no
Range
102 J'ne'99
107 V Aue'04
134
134
1
*
111
134 Salt
133 Hi
1123 8 H3
M-K
M-S
J-D
J'iy'05
112
1033b
101 34
104VMar'05
101 !4l01 34 101 34 J'ly'O
106
106 h
HO
111
1193a 119 H:
116
109 Sale
llO'g
101 Hi 102
98
101
113 l4
97 4
84 34
85
J'ly '05
119
119^
116 V May'05
10.
109
107HiJ'ue'05
113 Mar'05
;oiv 102
98
93
113 l4 Feb '05
95 "a Sep '04
85
85
79*6 Sale
;i0VFeb'O5
I0f> 34 Aug' 04
106 34
10834
10 V Jan '05
102i4
10l 34 J'ne'05
107 14 107 34 197
lu7
113
11\
187
..
118
108 78
....
....
11438H6V
110V....
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100
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106 108 V
111 34 114V
104 58 107 34
133 V 138 V
118V 122
119VU9V
178
187
109 34 111 34
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98 V 99
116 34 116 34
1 19 V 120
110 Ill's
114 34 117 V
112 1123s
137VJ'ly'99
106
185
1I5V
109VH1 34
115% May'05
....
114 34 117
Aug'04
Apr '05
183 ss 185
1153b May'05
106 58 Apr'05
109
109
108 V J'ly '05
1133s
105 V
109 V
107V
115
1153g
106 5s lOO 5^
108V111V
108V110 3
115V116 4
Il4 38
llOVJ'ne'05
109 34
112VApr'05
112VH2V
127 V May'05
105 34 J'ly'Oo
102=8 May'04
101 J'ly '05
IO534 105
nesiiie^ UOVJau'Oo
127 V 129
106
108
116V116V
126V 129V
'4
99V101V
Nov'98
103
118
117
117 V U8
117 117
J'ne'05
Feb'05
110VU3
UOVApr'05
111
111
104 V J'ly '05
104 Mar'04
113 V J'ly '05
108 34 Jan '04
117 May'05
115 V Apr '06
111
104
111
106 V
111V113V
117
lD"e
115V 115 V
104VNov'04
105VAW04
104 V 107
May'o5
105
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110V Mar'05
127 V 130
127 V J'ne'05
119VNov'04
142 V Feb '02
131VJan'05
103 Apr '04
129 V
101 V
103
121
121
105 3e Sale
105
131V 131V
109 Sep '03
120 34 J'ly'05
123 May'05
1053b
105% 10 104V107V
97V
82 78 sale
82^8
M-S
94 V Sale
70V Sep '04
94 s8
91V
97 V
97
Salt
101
98 ce
97
96 34
'4
97
95
93
94
96V
96V
90
J-J I06V
M-N 112
A-O 109V
120 34 126
123 123
Jan '03
107
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M-N
M-N
M-N
M-N
M-N
M-N
M-N
MN
106V106V
134
112
105
M-S 101V
M-S 106 V
M-S 105 V
M-N 107 34
M-N 128V
F-A 120V
M-S 131
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101V 103=8
106 V 108 V
121V
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M-N 105 106 V
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A-O 110V
M-N 117h»
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110 V 110 V
109 H; J'ue'04
99 J'ly '05
116 34 Apr'05
119 =8 May'05
HI V J'ne'05
115 J'ly '05
112 Mar'05
....
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79 34
80 V
HI V J'ne'05
.
98 V
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112
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1
111
111
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101 103
25
95 V 98
00 V 96 V
138V J'ly '05
120V J'ly '05
119V Mar'05
121V Apr '05
109V. ...
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113H2114 112 34 J'ne'06
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106 34 '97
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100 Api'05
106H1....
108V
116V 116V
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134^ 134 34 134
J-J
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106
10« 34
25 11714
...
79V
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104 34 Apr'00
102 Hi 103 34 103 J'ly '05
95 8 90 V 95 34
90 V
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103 4 104 V
101 V 102 V
MafOB
108
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133 34 130
133 V 135
112 115
135V J'ne'06
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M-K
M-N
M-S 100
PW
M
AU&
A-O
Chic<fc LSuDivg5s....l92l J-J
Chic & Mo Riv Div 5s. .. 1920 J-J
1910 J-J
Chic<fe Pac Div 6s
Chic<fe
lstg 5s
1921 J-J
Dak & Gt So g 5s
1916 J-J
1924 J-J
Far& Souassu g 6s
Hast& D Div 1st 7s
1910
1st 5s
1910
I<fcD Exten 1st 7s
1908
1919
Lacrosse* D 1st 6s
Mineral PointDiv5s
1910
1910
So Minn Div 1st 6s
1909
Southwest Div 1st 6s
1921
Wis<fc MinnDivg5a
95 78 50 94 Hi 97 78
96Hj
96 Not'04
7 Sale
A-O ib*5" 8
105 Ha 105 78 31 102 a8 1063b
Mil&NolstM L 6s. ...1910
Q-J
105 104 J'iy'05
1913
103 104>s
1st conaol 6s
M-S
U3Hj J'ly '05
1915
105 114
Chic & Northw cons 7s
M-N
92»8 92 J'ly'Oo
92
Extension 4s
1886-1926
91
93 Hi
M-N
99>4 9934 99 Hi
9934 31 98 Hi 101
Registered
1886-1926
J-J
923*, 110
92^ Sal€ 9138
913g 93 Hi
1987
General gold 3Hjs
92 Hi J'ne'05
Registered
»1987
92Hi 92V
107 34
108 Hi J'ly '05
Sinking fund 6s.. .1879-1929
IO8H1IO8H2
109 Apr '05
108
1879-1929
43enOhio R 1st cg4Vs..l930 .vi109 109
Registered
119Hi Mar'04
Pitts Clev & Tol 1st g 6s 1922 A-O mi*.
Sinking fund 5s... 1879-1929
100 J'nt'05
99
97 '4 100
1879-1929
.Pitts & West 1st g 4s. ..1917 J-J
Registered
99 May'05
/<«JPMiCo certfs
Debenture 5s
1909
99
99
at Creek <fc 8 Hee Mich Cent
Registered
1909
eech Creek
Debenture 5s
1921
ellev & Car See Illinois Cent
Registered
1921
klyii & MonU.uk See Long i
Sinking fund ueb 5s
1933
runs <fc West see Atl Coast L
Registered
1933
ulfalo N Y <fc Erie See Erie
Des Mo & Minn 1st 7s..l907
M-S 123 14
123 J'ly '05
R <fc P gen g
Milw & Madison 1st 6s.. 1905
1 19Ha23 l4
fuflalo West lstg 4a 6a... 1937 A-O
gu.. 1998
99^.
1910
North Illinois 1st 5a
J-J 114
103 Apr '97
1943
C1& Mahlstgug5s
Ott C F & St Paul 1st 5s 1909
Roch & Pitts 1st g 6s. ..1921 F-A 125 14
124HiApr'05
Winona & St Pet 2d 7s.. 1907
124 Hi 126 Hi
Consol 1st g 6a
126 Mar'05
1922 J-D 125 >a
Mil L S & West 1st g 6s 1921
124 34 126
Buffalo & Southwest See Erie
Ext & Imp s fund g6s 1929
5
J-J
99*4
Bull & Susq 1st ref g 4s.dl951
98
Ashland Div 1st g 6s.. 1925
99 \
98 100 Hi
10034 102Hj
Mich Div lstg6s
1924
JBur Cedar R & No 1st 5a. 1900 J-D lOlHiSale 1U1 L4 101 •
119» 8 123
121
J'ly '05
fc Con lst&coltrustg58..1934 A-O
Convertible deb 5s
1907
118V 121 Hi
Registered
1934 A-O 118HJ
120HiMar'Oo
Incomes
1911
A-O lll^j
112 Hi Sep '04
Wlstgu5s.l921
Chic Rock Isl & Pac 6s. ..1917
\
1S.& StLlstgug7s
1927 J-D
Registered
1917
r
1023g
1023t 'JO 102 104 34
1908 J-J 102^103
1988
General gold 4s
Oanada South 1st 5s
2d 5s
107^109 107 Hi J'ly '05
1913 .VIRegistered
1988
105 Hi 109
M-S
34io6
Registered
106 Apr '05
1913
1st & refunding g 4s
1934
F*
;oo
Carb & Shawn See IB Cent
CoU trust Series C 4s .. 1905
Carolina Cent /SeeSeab Air L
1910
H4s
Carthage & Ad See N Y C & H
1915
Mis
CedRIaF&N A'ceBOK&K
1916
N4a
Cen Branch U P lstg 4s... 194b J-D 90
94 Jan '05
1917
4s
94
94
Cen Branch Ry See Mo Pac
1918
P4s
Cen RR & B of Ga col g 5s 193 M-N 108>2.... 112 Apr '05
Chic R I & Pac RR 4s. .2002
110 112
200-.
Cent of Ga RR 1st g 5s..pl940 F-A 122 .... 119 Hi J'ne'05
Registered
119
121 \
F Consol gold 5s
1945 M-N 114 114>8 114
1913
Coll trust gold 5s
114Hi JO 113
UiiK
Registered
194 M-N
107 J'ne'04
Choc Ok <fc G gen g 5s .01919
Ef
lstpref incomeg 5a....pl945 Oct
1952
96'iSale
96
90 Hi 41 90
Consol gold 5s
|
97 U
[ 2d pref income g os
pl945 Oct
19:
84 34 Sale
83 Hi
843, 136
Keok <fc Des 1st 5s
07
85
r 3d pref income g 5s
pi 945 Oct
75 Sale
71
75
76 52 Hj 76
*
Week's
J'TIC
trida.il
STOCK EXCHANGE
Range or 5°
.since
January 1
Last Sale
January 1
44 July 28
Week KXDora Jlly 28
A'o Low High
Bid
High Ao Jsow Jii'in.
Central ot Ga—< Continued)
Ask Low
94>4
9334 J'ly '05
Chatt Div pur mon g 4s. 1951 J-D
93
95
M 104Hj1047b Mac & Nor Div 1st g 58.1940 J-J 109^
104 Feb '04
N. Y.
Since
s; '.
103 7s Sale 103*g 10378
10378 101>6 104'-iJ'ne'0.
103 '4 1033, lOl'aJ'ly'oIj
104 1J4
104
104*4
»
BONDS
Range
53
Last Sale
Hid
US
VS
>U S
U8
V 8 3b reg small
V 8 3s cou siuall
;
j
Hanye
July 28
'-'••
0. 8. Government
2a consol registered. (/1930 Q-J
<il930 q-j
2s oonsol coupon
fcl918
3s registered
fcl918 Q-F
3s ooupou
-
r'
Week's
Price
STOCK EXCHANGE
Week Ending July 28
N- Y.
,
Sep
95
99 V
95
i.42
95
79
85
'04
J'ly'04
95
May'04
Dec'04
May'04
408
83
51
90V
973s
110VApr'05
115 Api '05
110
110
J'ly '05
109
115 34
115
110 34
V 91V 120 V J'ne'05
95
95
90
117
120V
U5
1
iULSCELLANEOLS BONOS—Continued
Sstreet
Railway
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s
2002
Bkcity 1st con 68.1916, 1941
Bk Q Co <feS con gng 58.1941
Bklyn Un El 1st g 4-5s.l950
1949
V Kings Co El 1st g 4s
Stamped guar 4s
1949
Nassau Elec gu g 4s
1951
-
;
,*'
: '
ConuRy<SsLlst&refg4Vs'51
J)en Con Tr Co lat g 5s... 1933
h Den Tram Co con g 6a. .1910
"'
Met Ry Co 1st gu g 6a. .1911
Pet United 1st con g 4Vs.l93'i
Havana Elec consol g 5s. 1952
Street
A-O 109V 113
J-J
J-J
"No
89 V
M-N
F-A
108% May'05
106
Ill
F-A
F-A
95
J-J
J-J
111V 111V
102 34
Salt
87V
Feb'05
111V
93 J'ne'05
9434
95
873aJ'ly'0
101V
A-C
95
101V
J'ne'00
94
94
95
><
94V
95
109
116 V 117V 116V
U6V-...
121
price Friday; latest price this weeK.
....
a
94 3
95
.
Mar'98
116V
116 34 J'ly'0.
120 J'ly'05
Due J an
;
d Due Apr
Railway
Met St Ry—CConjRef g 4s2002
Lex AT & P F 1st gu g 5s 1993
Third Ave RR con gu 4s 2000
Third Ave Ry 1st g 5s.. 1937
109 V U3V Met W S El (Chic) lat g 48. 1938
92
93V Mil El Ky & L 30-yr g 5a. 1926
Minn St Ry 1st con g 5s. .1919
91V
St Jo RyLtH&P lstg 5s. 1937
87
91
98 101V St Paul City Cab con g 5s. 1937
Underground Eleo Rys of Lon
A-O
M-S
don Profit sharing 5s...l90t
Union El (Chic) 1st g 5s. .1945
United RRs San Frsf 4s. 1927
United Rys St L 1st g 4s. 1934
Chic St 40-yr cons g 5s. 1931
J-D
A-O
A-O
108 V 11234
83 V 91V
108 3g 1083b
106 106
J-J
J-J
J J
F-A
Louis Ry Co lat con g6a.,193o J-J
Met St Ry gen col tr g 58.199" F-A
Bway<fi>7thAvlstcg68l94:, J-t
" -Col<fe9thAvlstgug5s.l993 M-i.
j^
89
106 34
109 V J'ly'05
88 78
89 V
on Next I'a^e.
94
V
92V
114
96 V
95
F-A
F-A
J-J
M-N
J-J
J-J
953,
91
94
11SV Apr'05
109V
95
106
98 V 98
Feb'05
Oct '99
96
lOOVNov'04
108
100
HI V 114
97 V
90
4
117V
94 V
V
U6VUSV
:)
H.
3
110
9SV
,
1
90 V Salt
87 H
M-N
J'ly'04
98%
06 J4 J'ly'Oo
90 78
91
87V
99
J'ly'05
Dec '9
j:
97 100
10634 106 34
87 V 91
85 V 89's
1
120 3*
Gas and Electric Light
G L Co lstg 5s... 1947 J-D
Due May yDuej'ne A. Due J'ly Ic Due Aug oDue Oct
116V 119 V
118'8 121 34
e
W
J-J
J-J
tU
118
95
Atlanta
p Due Nov soption aale
1
Jvlv
Bond Record— Continued— Page
29 1903.'
BOND.o
V.
J*rice
v.
I.
L
Pitta
it
AS* Low
N. v. s'l'iHK
January
Jiij/ti
/.CMC
Wkek
1
U
I'-
l
7
126
s
136*8
115 3<
115
'.'7
91
98
UP-.
ll.v'i J'ly '06
D
oonaol
a
J-J
116
96
M-N
Cm
W
ClStLAC
J-J
J-J
M-N
M-N
M-S
J-J
102 "a 108 Hi
103
q-F
J-J
J-D
J-D
J-J
1934 J-J
W 1st pref 4s. 1940 A-0
5s...iU93s
W
1st pf
U.-J
Peo A East 1st con
Income 4s
CI Lor
10 4
q-f
A-0
4s. ..1940
1990 Apr
\Vh oon 1st e 5a. 193:: A O
Marietta See Penn RK
Malion Val g 5s.. .193;- J-J
Jl-
CleT A
Cley A
Cler A Pitts See Penn Co
1947 J-J
Col Midland 1st g 4a
Colorado A Son lat g 4s. ..192: F-A
Greenv Set So Ry
Colum A
Col A Hock Val See Hock "Va,
Col Conn A Term See X A
Conn A Pas Riva 1st g 48.1943 A-0
St P
1 \ak A Gt So See C
103 J 103
ly '05
100 1
L00»sMar'0;
lo-.'i, J'ly'05
100 Oct '04
99 ', Kob'o.".
94 Si Au-'O.
105 Jan 01
103 .riv 'o;.
LOa'aJ'ly'o"
1
1-
I
'
ioo\
100'
M-N
CCC
Registered
100^
100
103
J-J
W
Ind Bl' A
O Ind A
103
J-D
M
.
-
Lack
A
M-S
M-N
J-D
J-D
J-D
W 1st 6s.. .1921
J-J
M-N
A-O
N
F-A
M-S
M-S
A-0
A-0
M-X
Denv A R Grist cong4s.l930
lOO^s 103
103 >a ;'•_"•..
1
112 114
121 34 121 34
'-,
121 34 J'ne'05
131
131
;,
4
J-D
1951 J-D
Det Sou 1st g 4s
Ohio Sou Div 1st g 4s. ..1941 M-S
199:>
A Iron Range
Registered
193 A-O
2d 6s
1910 J-J
Dui So Shore A Atl g 5s. .193 J-J
1st 5s. .193" A-O
ast
Elgin Jol A East 1st g 5s. 1941
Elm Cort A Xo see Leh A X
Erie 1st eit gold 48
1947
2d ext gold 5s
1919
3d ext gold 4Sis
192c
4th ext gold 5s
1920
6th ext gold 4s
192b
lit consol gold 7s
19211
1st consol g fund 7s
192i
Erie 1st con g 4s prior. .1990
Registered
1996
let consol gen lien g 4s. .1990
Registered
1990
Penn coll tr g 4s
1951
60-year conv la
1953
Bun X Y A Erie 1st 7s.. 1910
Bu£ A S \V gold 6s
190S
Chic A Erie 1st gold 5s. .1982
Jeft HH lat gu g 5s
al909
Long Dock consol g 6s. .1930
Coal A RR 1st cur gu 6s. 192'.'
Dock A Imp 1st our 0a. .1913
X Y A Green L gu g 58.1940
X V Sua A 1st ref 5s. 1937
2dgold4Si-s
PJ37
General gold 5s
1940
101 Sale
74 34 Sale
*116Sl
11734
100 34
73^
112
1
.
7 4 Hi Sale
95 34 Sale
Si
101
71 3
16 Si Jan
73
95 Si
98
71
,
101
S4
'a
7 4 Si
"
95 t
73
90 14
77
95*8
109 »8
108 Mar'Oo
126 l4 126*, 126 l4 J'ne'05
132
128 S: J'ly '0.
127 J'ne'05
108
126
II1H4
I29 s<
12838 13134
127
130
ib'o'si".""'
isoVi J'ne'US
113
102 °8
106 h> 107
100
134 Sa
112S,May'05
104 May'05
105 78 105"
102 Feb '03
134 May'05
149 Aug'01
104 ..
102 34..
139 H..
103 4 J'ne'05
102 J'ne'05
142 Si Mar'Oo
pYo'hUsohi
112
106
108
99
l
4
115
134
134 Si
ibs>i
103%
102 106 S3
142 Si 142 Si
100*o 101
108 Apr '05
108
108 Si 108
Sale
99
99 Si
91 34 91 34 J'ly'05
93 1*...,
S3
103 105
105 Si 108
100
108
102 Si
109 Si
107SU10
98
95
Sep
110
Sep
100
97
dS
101
94
89
Si
92
115
93 Si 93
116Si 115
112*8.
J'ly'05
95
70
90
114
J'ne'05
Si
116
IIIS1H6
J'ly '05
120 l4
108 34
113 34
J'ly '05
J'ly '04
07
84
96 Si
116
105
117SJ120S1
132
J-J
J-J
J-J
J-J
I0II4IO2
IOP4
A-O
108
J-D
J-J
124S2
104 s
M-N
A-0
A-O
M-N
123
103 34
135 "n
113 Si
J-J
113S;
117
116'b
<
107SillOS7
114Sill7Si
101 "a 103
133 137
103 hi
21 100
101',
9S Si Jan '04
93 34 Sale
92'4
8 Sale
Sale
FA
FA
102
M-N
119»4
Si
105
110
98\.
107 Si 108
126 Si Mar'05
110 Mai '"5
123
123
103 J'ly'05
134 Si J'n. •'",-,
118 J'ly '04
116 J'ne'05
117 J'ly '"5
116 Ajh '06
104 J'ni '06
J-D
Int
A
'Ja^.
110
120Sil23 , »
105
105
134Sji36Si
-
',
116
116
117
117
116
L02Sil04
.
LI 7
h 117 >s
LO8I9
110' 4 .rn.- 06
109»8 J»n'06
L09>a
111 Si
M-N
J-J
88
167
J.J
100 Vale
FA
LUBkn ie^KCoE LAI'
Gaa A
II3S1H4I4 113
.Y-O
H0'4
L09'(
172
118
113
68
169
J'ly'05
J'ne'05
J'ly'05
69
172
78
i
99Hil
101
100'a
105 J'ne'u3
|
»3Si
1
f O A
ElecBerirCoc g 58.1919
M-S
See
113U
Xot'03
112
Si
Oct
.
•j
1
I
"
• ito price Friday; lateat bid
.
Si
"iii"
Q
<4
and aaktxl this weea. aDueJan
92 Si
109
100
b
04
L02
106»4
109
112
ibo" ib'i"
11014IIOU
i'0'3"
123
86
84
May'9
Jau '05
84
....
....
105
104
103
103Si
'.'.'."'.
ib'i"
102
'4
107
107
99 34
120
102 34 Sale
79
113
85
108
Si
106
I06S1
'9434 "90 'sj
Mar'05
10
"85''i"86"
84
84
96
95Si
'9
109i 8 109' 8
122 122
J'ly '05
122
ib'i"
ib'i si ib'i si
100 Xov'00
109 S3 May'05
1235s
120'g
94*8
90 Xov'9*
124 J'ne'05
119 34 Mar'04
93 58M a y'04
'123'i
llO's Jan'OS
IIOS1IIOS1
103
106
i"26"
Xov'04
Mar'04
107 Si Dec '02
99 3
99 34
121Sl I2IS1
102»4 I02 34
80 J'ne'05
113 J'ly'05
85 Apr '05
99=s 100 Si
119 122 Si
.
72 S: Sale
1
00
1
03 14
70% 81
H2Sill6
So
88
70
Si
72 S3
72 S; 132
63 Oct '00
LAX
70S)
M
11738 ---
lHSillo
117'8 H8S.
X
118 J'ly'05
114Sa 114 S.
117S2 120
112'8lDi>4
117 Si 120
Feb'05
l'JO
llO's..-.
112
105
120S}.
119*4 May'05
113 *.
99
109
115
99
105 34
104 Si-
106 Si Xov'04
1
Si
J'ne'05
Jan
Si
Oct
110Sill2Si
'04
il7siil9»»
'9!>
J'ne'05
115
Jan '05
99
115
99
.
A Hud R See Cent of X J
A Wilkes b See Cent of X J
Leroy A Caney Val fiee Mo P
Leh
Leh
Long Dock See Erie
Long Isl'd— l8tcong5s./i.l931
114*8
101 101
101S1
193.s
1922
1932
1949
1934
Unified gold 4s
107S,
104 S,
113'4
111»8
112Sl
lo.",-
L981
f
1st eoi
Befunding gold
en
Be
Q-F
A
M-N
J-D
FA
M-S
J-J
FA
M
pug 5s.
.,
Mu
IDS- 11 1*8
2 ',, 1 1 2 ' 9
1
lop-j L06'a
L19
122
117
119S»
02 Si 1 OS "4
1
114 7e
1
15
ioo-»
I
rtu 117
109%
1
'.'_",
109
:
i
:i:c.i
10
Sale
1
109»4
05 S. May'05
92"aJ'ly*08
110
109
.
11
A-O
M-S
1
Si
07*4
93
105
101 ', 100 Si
JTy'06
II6S1
119*a Apr '06
108 34 106 May'06
104
LltfSi
LOS
LOB
I
M.I
1)6 >s
8
'36 J-D
Fuel G«S hi gu g.",<. D.i 17 M-N
D -' Lighting l«t g 5*. '51 'J-D
Trenton G
Bl l»t g 6s. .1919 M->
J D
Westchester Llght'g g 6a
.
i
1
I
109",.
106
M-N
J-J
(
1
112 S3 J'ly O..
105 Si 105 34
120 J'ly'l'5
18 s4 Mav'O.
104 8
103*e
lOl'sJ'nt'ol
115 Apr '05
99"!
99Hi
114 l4 J'l" "
l*n«o.
<;n« nnd Klcctrlc lAght
Lie Gaa Lof St L 1st g 5a.e 1 9 1
Bel and rxt 1st g 6|
1984
Milwaukee ca« L 1st Is. .1927
N V <; K L 11 A P g 6s.. .1918
Purchase money gls..
Ed El 111 1st conv g 6s. .1910
1st consol gold 6a
1996
XYAQE1 LAP -1 oon g6al930
X V a Blob Ga* 1st g 68.1921
i-at A Paati A E oon
19 19
1
Sale
99 -'a Sale
114' 2
EHA
<;
!
i"o"i"siib'3 34
HPS.May'0^
Dili.
Coll trust gold 5s
1931
5-20-yr ooftr deed g 48.1923
Xasli 1st go's
I'.'l'.i
a
1
ib'b'i i'0'3"
1
120
119 "a
10378 104
L910
Registered
100*8 102 Si
105 105
05 S« Mar'03
112 Mar'02
:
X YBAMBlstcong5sl'.'3.:
X Y A R B 1st g 5s
192'
Xor sh B 1st con g gu5s ol98i
Louisiana A Ark l.vt g 6s. 1927
Douisv A Xashv gen g 6s. 1930
Unified gold 4s
117Ssll7Sl
98
99 l4 Oct '04
100 Si 10238 100 Si J'ly 'o:
lo7Si
110 J'ne'04
102Sll02 34 102
102
mi]
IstSs
117SiApr'05
100*8 J'ly '05
105 Jan'O.'-
100
/il931
Debenture gold 5s
Guar ref gold 4s
19 1:
Bklyn A Mont 1st g 6s.. 191
las
'.-1
Si
96
Sale
100»8
121 34
A St L
Knoxvilte A Ohio See So Ry
Lake Erie A WD3tg5s..l937
2d gold 5s
1941
Xorth Ohio 1st gug 5s. .1945
L Sho A Mich S See Y Cent
l^ehigh Val (Pa) cons g 4s. 20O3
Leh Val X Y 1st gu g 4SaS.1940
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
Leh V Coal Co lstgug 58.1933
Leh A X Y 1st guar g 4s. .1945
Registered
1945
El C A X 1st g lstpf 63.1914
Gold guar 5s
1914
'()]
Gen Electric deb g 3Sis..l942
J
....
91
Gr Rape, L Co 1st g 5s.. .191
H mison Co Gas IM g 68.. 1949 M-N iio":::: i07'< I<
EanClty Mo) Gaa
_ a-u
100 May'05
....
Elnga Co El L A P g Be... 1937 A-O lo9 ....
PnrcLase money 6s
19'.'
123 J'l,'.
.1-4
EdElllBkn lstcone4sl93" J
.'...
94
•J4SiA|.r'o.-,
10314
98Si 101 "8
IIOI4
110S.
lOS'-jJ'ly'OI
103 J'ne'05
lOmOut
RR See Erie
Kal A A G R See L S A M S
an A Mich See Tol A O C
K C Ft S A M See St L A S F
KCAMRAR SeeStL&SF
Kan C A Pacilic See M K A T
.'
61
1.
93
1909
1921
Iowa Central 1st gold 5s.. 1938
Beftmdingg 4s
1951
1
1st con
102
99
95^ May'O
.
86
2d gold 5s
3d gold 4s
Gold 5s
111
H0S»Mo>'06
1 17 Si Jau '05
102
.
Si
84
GreatXorlstg6s..l919
General gold 4s
Ferry gold4SiS
Gold 4s
6*U nnd
Electric Light
Bklyc U Gaa 1st con ^ 68.19 16
Buttalo Gas iet g :,s
1909
im uat See P G A C Co
DetruitCity Gaa g6a
1923
Dei Gag Co con 1st g 5H...191*
96
109
W
1st consol gold 4s
ill
r.oSi i20Si
:
1
'-i
A Shaw 1st g 4s... 1932
Chic St L A X O g 5s... 1951
Registered
1951
Gold3Si8
1951
Registered
1951
Meuiph Div 1st g 4s.. .1951
St L Sou 1st gu g 4s
1931
Ind Bl A West 6'ee C C C A St L
Ind Dec A
1st g 5s
1935
1st guar gold 5s
1935
Ind III A la 1st g 4s
1950
91
B6
Xov'04
98
1
101 V
101"
'
106 J'ly 'o5
106 Si Mar'03
lo3Si
Carb
04 !4
93-'.|
S8
FA
5s. ..194:;
108 3
107
UOSi J'ne'05
114Si J'ly'05
103
Feb '05
134 Si May'05
130 Aug'03
J-J
Registered
1953
Cairo Bridge gold 4s
1950
IiOUiaville Div gold 3 Sis. 1953
Middle Divreges
1921
Omaha Div 1st g 3s
1951
St Louis Div gold 38
1951
Registered
1951
Gold 3Sis
1951
Registered
1951
Spring Div 1st g 3S«s...l951
western Lines 1st g 4s. .1951
Bellev A Car 1st 6s,
1923
Kentucky Cent A'ee
Keok A Des Mo See
'04
120U
M-N
1952
City Sou 1st gold 3b.. 1950
Registered
1950
'04
ItoVJ'ly '05
8l J4 Mar'05
1013s
101 b
113S»Mar'00
Apr '05
Si 103
94 Mar'03
ibis 101 Si May'05
70 Oct '04
107 Si
108 J'ly'05
105'4
102 Oct '01
105 Si 106
106
106
gold 4s ...1953
SUSCKLiLANEOUai HOMJ-S—Continued on Next
V
I
102 Si 106 "a
lOaSsMay'Ofi
102
Kan
lOo^.
J-D
Wuk A Ea 1st gu g6s.l912
Erie & Puts See Penn Co
Fuel
OH Sill Si
92
86
I
.Tellerson
Jan '02
s)7
109 Si
1951
1951
1951
1951
1952
Registered
II6S1II6S1
ib"2""
g 4s. .1951
1951
1st gold 3s sterling
Coll Trust gold 4s
L X O A Tex
"0.
IO8S1.
114Sj.
10S 34
114S..
86.000 each. ..1943 M-N
Mid Bitot x J lstgti
A-O
LX
;
111'
ii';i' 4
110>4 J'ne'05
""'.
A H V 1st ext g 48. .1948
Houst E A W Tex See So Pac
lioust A TexCen -See So Pac Co
is
A
111
'06
90
90
S9\i
HOSiSale
Col
Registered
Feb '04
120*4 121Si
M-S
M-S
W
Eq G
89
HockVallstcon8olg4Sis.l999
Begistered
1999
Extended 1st g3Si8
M-N
M-S
M-S
A-O
,
VGA ELBA
Api
I
Mar".w
106
IIP-. IJ
1128«
11 3 Si Sale
1
104S»Xov'01
90Sj
M-N
A
- Ul SeeX
Ocl '04
1 ::
1
1st gold 3Sis
100^
'i
t-
Apr '08
1
See So Pao Co
Registered
of Minn s«stPildsJl
Ten Va A Ga See So Ry
Terminallst gold
1
<t-
. t
J'ly '05
DeaMoiAFtD SeeOBAIP
Des M A Minn See Ch A X W
Des M01 Un By 1st g 5s.. 1917 M-N
Det M A Tol nee L S A M So
Det A Mack lat lieu g 48.199.', J-D
East
ASA
11
Illinois Central 1st
132
100*8 Sale
J-J
1930 J-J
Improvement gold 5a. ..1928 J-D
Bio Gr West 1st g 4s....l93y J-J
Consol and col trust 4s 1949 A-0
Utah Cent 1st gug 4s ol911 A-0
Rio Gr So gu Set Rio Gr So
Consol gold 4 His
Dui
1
1
.
112% J'ly '06
115
1211
127 hi
F-A
1923
1923
Sjt Bing A
Y 1st 7s. .1900
Vi arren 1st ref gu g 3 Sis. 2000
Del A Hud 1st Pa Div 7s. 1917
Registered
1917
Alb A Sua 1st con gu 7s.l90u
1900
Guar gold 6s
Bena A Saratoga lat 7s. 1921
Del Riv RR Bridge See Pa Bit
Construction 5s
Term A improve 4s
Gold 4s
1
lol
Si
1
lln/h
24 '4
111
1
'1
Del Lack A Western 7s.. .1907
Morris A Essex 1st 7s. ..1914
1st consol guar 7s
1910
Begistered
1915
2000
1st ref gug3Si8
NY
^al
leorgla
«
W
A Waco 8m M K A
1
nun r m
linte
J'ne'06
J'lv'O
Si
116
105
112
S3
MA
'alias
1
l--',
So
1
SAC
W
II in h
I
A-0 100 104Si
A H ot 1882 1st 5s.
Ala See Sea A Line
Hi:
See. Sea A Dine
i:.i Car A Nor
119
,m;i,
99ig Georgia PaoMo fi«« So Ry
ilia V G A Xor
See So Pac Co
Gouv A Oswegat See X Y Cenl
tiraud Rnp A Ind 6'e«Penn RK
101
nu 'i ray's Pt Term See St L S W
lOl^ Sale
100
HHSi
Nor— C B A Q coll tr 4s 192
101 '* Sale
Registered. A
1921
8
iwh
^ 103'e ireenbrier Ry See dies A O
7
Gulf ASIlst ref Atg5s 51952 J-J 102 8
99^ "09^J Han A St Jo See C B A Q
ousatonic See X Y X H A H
'
(
90 s4 J'lyo
Har
1 al
1
104 Si Deo "0
113 Oot '0(
116 May'O!
lOOSi.
Y-O
t
12
.
llo:'4
WA
11.".'!
W
A-
Since
la
A
99
98
.
Range
Rant
Last Sale
AtH Low
I20»s
1
CyA
lMia viiK
J'no'o.".
iOi'4
'ai^Sale
•-
7s...l90i
1937
2d gold 419a
Cln D A I let gu g 5s. ..1941
l.-t gu g 4-. 1953
I A
Sm C C A st 1
St L
See C C
Cln
Clearfield A Mali See BK.tr
Cli-v Cln C & St 1. sreu s -Is 1993
Cairo Dlv 1st gold Is.. ..1939
A Div 1st g 4s. 1991
Cin
61 L Dlv 1st col tr g4s.. 199d
199c
Begls tared
Syr A Col Div 1st c 4s. .1940
Val Div 1st g 4s. ..194t>
\V
ClStl, A C consol 6a.. 1991
fcl93(
1st gold la
kl93ti
Begistered
CI con 1st g6s. .192?
Cln S A
1914
A I consol 7s
191
Consol sink fund 7s
General consol gold 6s 1 934
J
A T II 1st cons Oh. 192
191!
lat general gold 5s
Mt Vernon 1 s: gold 68. .1923
Soil Co Branch 1st g 68.1930
ind lstcon grog 6a. .1926
h^nrgo.fc so Be* Ch M A st P
Pere M See Pere Mai
lint
FluCA l'enin Set- Sea Air l.mi
Fort St D I) Co 1st g 4 Sis. 1941
Ft
Den C 1st g 6s. ...1921
Ft W<8> RioGr 1st g la.. .1928
\::>\ Miii'il
134
8eol93i
Mull See Pexe Mar.
A
S CHI A 1'
Choc OA6o
Cm a
28
Hid
138
.
>oe
\],i
Week's
iTICf
AVu/ai;
July as
Jlllj/l
i.:7VJ'iy 'or.
Deo'o:
93
»
I
!!>.">
EXCHANGE
I'.noimi Jli.v
Kv.ins
i;
A- \\ eat lint (ran
Last Salt
ivniu\
Set
oon Qs. ..1030 J-D
r U A
J.l)
Cons 6a reduced to 3 H*s
Ch st P A Minn 1st g6a 191$ M-K
J-J
Kor Wlaoonsln 1st 8s.. .183d
St P A s city 1st g OS...11M; A-O
Chicago Ter Trans 4s. ..194. J-J
Coupon oil
Chic
Chic
since
'
2
liOMIs
h'a ngt
Range or
Hut
Clue A St 1. See Atoll T A Sa F<
Chic St LA N u if.- Ill Cenl
Cliic St
Cine st
Weeie't
friilau
July 98
STOCK EXCHANGE
Week e.mhnu Joi v 28
V.
S
9
1
'
'
124
124
J-ly'i'.'.
108 Hi 108
109
J'iy'06
.....
12
Sale
IOK
loc,'..
DM
.....
I
dm
M
sJ'ne'08
I
D)
4
104
Si
107
Si
100
a
11
109 Si
"J
iio"
113
-
Jan
lii'ii" ii'j'i
'05
11P« 113
Duo Feb d Dae Apr cDueMuy ADueJlr fcDue Aag cDae Oct jDaoDco jOpUon
«al*
Bond Record
496
BONDS
JK.
Price
Loulsv <fc Nashv
LCinifc Lex gold 4 %8... 1931
(Continued)
Range or
Last Sale
124
112
Pensacola Div gold 6s... 1920
1921
8t L Div 1st gold 6a
121 sMa-y'Ofi
!
75
113
L&N& M<fcM lstg4%Hl945
96
& Atl 1st gu g 6s. .1921
N Ala con gu g 68. .1986
Pens
I,
1
Sink fund gold 6s
1910
A- Jet! Bdge Co gu g 4s. .1945
N Y Cent
'
a
77
22 \f
77
22
13Hi
13 h
H(
Hi
99 Hi
90°8 J'ly 'OJ
May'uo
105
Bw<fc GDivlstg4s..l933
1st g 58.1926
Verdi V I &
Mob& Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob J & K Cist cons g 5s. 1953
Mob & Ohio new gold 6s.. 1927
1st extension gold 6s..A1927
1938
General gold 4s
Montgom Div 1st g 5s. .194"
W
136%
102
88
FA
100%
91 Hi
107*6
1 1
M-S
M-N
M-N
M-S
M-S
FA
Mar'05
101^4
P
Nasn
b lor
<fc
Shef
See
L
cfc
N
102
88
IOIHj
8i 34
92 K,
91 H2
105 ^4 Dec '04
114
107
J-J
M-N
M-S
J-J
J-J
96^
y-j
111
107^
104 7s
109Ha
107
97%
9S 34
ne%
116% Sale
94
Sale
95 78 Sale
102
112
92 Hs
10-<H;
109Hi
94 34
95
98 H) J'ly '05
110 Mar'05
105 J'ly '05
118 34 J'ne'05
115 78 H6Hi
109 34 Oct '03
93 7s
94
96 34
95 7„
Sale
J.
A-O
J-J
J-J
J-J
1
HOHi
116 78 119
"93%
"viyii
94
93^ Apr'05
99
9S% 99
98
122
96 Hi
113 34
95
96HjMn>'05
Feb'05
Nov'04
95
101
120 Hi
115 116
120'4
115
117%
113%
112%
105
1
20
ig
106
Mar'OJ
1989
WW
100
103 Hs
107
105
106
106
105
Tiust Coctfs
Col ]liduslstconv5sgu A.1934
1st ciuiv 5s gu Series B. 1934
Poniin'IulC Istst guSsg.1952
it l;;\ Coal & C 1st g 6s. .1919
Jed A Clear
Il8tg5s.l926 J-D
2d loi,i 5s
192C J-D
FA
FA
FA
C<fcCl8tsfg68.1951 J-J
58.1928 J-J
1951 J-J
Div 1st g 6s
a.1917 A-O
II
59 104 3 106%
105 '4
"78 103%
78
75% 7*
J'ly '05
74 s 77
99%
'05
132
1
12
Hi
101
125% 120%
J'ly "99
J'ly '03
109 J'ne 0.7
100 14 Apr'O;,
107
;,
4
109
99% 101
92% 92%
92% Apr'05
113%.
116% J'ne'oS
L15
114%.
118% Feb'05
111% J'ly '05
118% 11«%
Ill
1937
.
101 l4
79^4
.
H4'4
.
116
s
lllHtll3'4
103
102
108%
9oHi.
115
99
97
98%
117% 120
..
113
11 1^
ll:<
114V
112% 113%
112%113
113% J'ly 'Or
U2%J'ne'05
..
103%..
94 %
J'ne'O-
J'nt'05
93
105
Apr '04
Keb'05
Gr
109
ex 1st irug4
BOND.- —Continued on Next
«
His
107
106
lll%Sop'04
110
106 Aug'03
101 lOlHl 101 Hi J'ly '05
104 Hi Sale 104
104 '4
102 Nov'97
110
110 Jan '05
103 %
I
93%
Mar'04
121
119
107
119
103
103
Mayo.
l27%UCt'02
103
93
.
1912
A1912
R<fe
94
Aug'03
J'ly '05
J'ly '05
Jan '01
Nov'ou
9S 34 Apr '04
H3%..
1st real est g4s. 1923
1919
Consol gold 5s
1943
Cousol irold 4s
Convertible g 3Hi8
1916
107
103
106
94
J'ne'05
113%..
W&
BK
f'enn
08% 111%
106
96
102
104
4s guar
1945
1949
3Hi guar g
1st 7s. ..191
C
2d7s
3d 7s
1
Jan '05
Nov*9s
115%.
98%.
N<&C
PCC<fcStLgu4%sA...1940
Series B guar
1942
Series C guar
1942
D
E
.
102%104
108 s
lOSHi
3H,.
112
Apr'0.7
Apr'O'J
106
102
94
98
120
94%
Scries C 3 His
Series D3His
Erie & Pitta gu g 3
Series C
Series
Series
Pitts Ft
114-'4
108%.
U
99% 100%
115%
101 14
14%
1
104%.
C1& Pgen gug 4 His ser A. '42
Series B
1942
83 Hi
101 Hi
DRB R<fcBgelstgu4sg.'30
J'ly '00
Oct '02
Mai '05
!
J'ne'05
125% Apr '05
loo Hi
92 %
1912
Convertible g 3%s
Alleg Val gen gu g 4s. ..1942
CI & Mar let gu g4Hi8..1935
103%
94
76
Am
107% Oct '04
103% J'ly '05
105
90
Sale
73% sale
102
85
84
74 68
...
J'ly '05
87% Apr'05
74 %
76
73
74%
1
107
May'97
10l%10l%
101
110
.
Hi
107
110
.
1941
4>
1
.
11
1
4
iii" 111 55
J'ne'05
1'iurt*
105
98%
109%
98%
J-D
F-A *104%
89
and asked
98%
Ho
113%
89^
ttiia
*>
J'ne'05
112%J'ue'o.->
102 Dec '03
104% May'OS
90
90
week,
a
Erie
Hnniitncfiirinir
&
Due
**»<**»
* » • * •
105
93
.•
Am
%
el>
92
Duo
vL»y
a
dub
---•
96% 98%
Dec 04
Oct '99
109% May '07
109% 109%
I05%j.'ly.'n3
105% Sale
106%
108% 113
los% 106
4Y 104% 107%
110% Mar'OS ... 110% 110%
100%
103
112
110 34
n
l*»i'*
98% 99<4 99
97%
97% 98
7 a Sale
7»%
Q-F
M-S
A-O
M-S
J-J
1944 A-O
1951 F-A
Tobacco 40-yrg 6s
4s
«
96% J'ly '05
109
111%
5
J'ly '04
Indunirinl
cfc
b
4
O-J
West Union col tr cur 5s. 1938 J-J
Fd and real est g 4 %s... 1950 M-N
Mut Uu Tel s fund 6s... 1911 M-N
Northw Tel gu f 4 %s g.,1934 J-J
1915
Am Cot Oil ext 4%s
Am Hide L 1st s tg 6s. .1919
93% :oo
109% 111
Amer Ice Secur deb g6s..l925
110% 112% Am Spirits Mtg 1st g6s.-1915
Am Thread 1st col tr 4s.. .1919
103
22 86
Due Juu
4s 1929 J-J
1st g 4s. .2397
<fc
<fc
104% 107
Oct '00
& Tel coll tr
T T col tr g s f 5s. .1926 J-J
191(s M-N
110%
SO % MetT & T lsts f g5s
76% X Y
N J Tel gen g 5s.. 1920 iK-N 104%
90
....
102% Oct '08
102^ 104% 104% J'ly '06
Telep
105% Oomm Cable Co
66% 71%
10
107% Dec '04
102% J'ly '04
J-J
M-S
Hi
77
125%.
117%.
113%.
108%.
103
100
106 H-
104%
77
"5
109% 109 %
Telt'frraph and Telephone
AO
flea.- \ ;.l Coal lstgsf
?eini »'oal gen 6s
106
,
100%
94% 97%
97
155'
103
"99% 100% 99% J'ly
CStL&P
105% 106%
MISCELLANEOUS
1<
97 >.
103
Sale
106 sale
104 Hi
78 Sale
Coast Co 1st g 5s
194o
ac of Missouri See Mo Pac
Panama 1st s fund g4His.. 1917
Sink fund subsidy g 6s. .1910
Penu Co— Guar 1st g 4 His. 1921
Registered
1921
Guar 3 His coll trust reg.1937
3 'as coll tr ser B...1941
Guar
Tr Co certil's gu g 3Hi8.19i6
1st con g 58.1932
Begistered
1932
Apr '02
H2
99%
96
lo9%Feb'05
(.'
119 121
117H, U7H.
'ib
99%
97% Sale
Oswego & Rome See N Y
O C F & St P See C & N W
Oz'rk& Cher C 1st gu 5a g.1913
95
J'ly
'of.
sale
99 34 J'ne'04
103
V&NElstgug4s
1 1 % 1 1 1 %
i::3%133%1
132% May'OS
132% 132%
132% Dec '04
102',
103% 83 100 104 %
'4
Hi
11 14 Feb'05
Ore <fc Cal See So Pac Co
Ore B R & Nav See Un Pac
115% Ore Short Line See Un Pac
.
95
1
99
1948
1950
His B. 1940
1940
Bdge gen gu g4 His 1945
.
IOCS,
103% 103%
126
99
120Hi 123
114»4 117
KISHiMRy'OS
82
b'2
82
H'lOS
133 s Jan '95
103
g
.
100 34
90
Coal iiml Iron
Pol I'uel Co gen gold 6s... 1919 M-N
Lol
<fc 1 Co gen s f g 5s.. 1943 r-A
Convi'i tible deb g 5s
1911 FA
bid
104
10.7
104
104
103%Jau'0;"i
106<4
General gold 5s
120^4
J'ne'05
117 '4 Mar'05
113 J'ly '04
H).
104
130H2
& W See C
OIndRiver RR 1stC C & St L
58.1936
luo
93 >4 93 Hi
95 Hi 100 Hi
,
CliMif Hit Coal Ists I4s.l940
*.N u price Friday,- latest
107% 107%
105
101
110
132
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See 80 Pac
Nor Wis See C St P M & O
Nor & Mont See N Y' Cent
125 34 129
U4 34 Apr'05
117
89»«
Can* Ad let gug 4s... 1981
Div letconsol68..1917
Cult C M Co 1st gu g 6s. 1922
Be liar C <fe I Co gu g 6B.1910
f Iron 1,'oalcfcCo lstg 5s. 1949
'02
Jan
131%
lien g 4s.. 1997
Begistered
1997
General lien gold 3s
o2047
Registered
a'2047
St Paul-Dul Div g 4s.. ..1996
Registered
1996
C B & Q coll tr 4s &ee Gt Nor
St P & N P gen g 6s.. ..1923
Begistered certinc's..l923
St Paul & Dul 1st 5s.... 1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g 4s
1948
99 H, 98\
90 x4 133 98 34 100%
99'4
99 J'ne'06
99 100%
101 4 101 Hi 101 Hs 10 1-\ 255 100 l4 102%
92 Hi Sale
92
92 Hi 21 90 a4 93
9078 J'ly'05
87 J4 90
89
90%
91 >s Sale
91 H»
91 Hs 10 89 Hi 91 Hi
8S^4 90
90 J'ly '05
10
89
106 38
lOo^J'ly'OS
105% 107 Hi
102 Mar'04
107 Hi
Gotiv* OswelstgugSs 1942
M«h * Mai 1st gu g 4s. .1991
N J .lunc B gu 1st 4s... 1986
N V * Hu 1st con gu g 4s 1993
Bum
117% 119%
131% Apr'05
Hi.
103
1_>ae
997
1934
LdiKe Shore coll g 3%a...l998
BeiMstoretl
199s
Mich Cent coll g 3 %8
1998
1998
Be mst ered
Bcecli Creek 1st gu g 4s. 1936
llt-^istered
1936
2d gu cold 6s
1936
Beech C* Ext 1st g 3 %8 61951
'J'enii
119%
118
'O
1996
Nor Pac— Prior
91% 96
95
98 Hi
104HillO
103 105 Hi
116Hill8 34
127Hil3(»Hi 126 34 J'ne'05
123 126
126 J'ne'05
91%
125
North Illinois See Chi <fe N
North Ohio &ee L Erie &
UlHiMar'04
M-S
Dtben g 4s
Kan A
Hi
104
Scio
114
108 34
109 Hi
107 H)
108 38
107
1
C&
105% 105%
107% Feb'05
107
105
Pocah C & C )oint4s..l941
CC<fcTlstgug5s
1922
94% »6%
J'ne'06
109%
New 11 & D SeeNVMHAH
N J J one B B See N Y Cent
New i Ciu Bdge See PennCo
N c ik N E prior lien g 6s pi ill 5 A-O 115%.
N 1 Kin <v Man Bell See L
93%
N V Cent* H Biv g3%s. 1997
ist ered
05 % Mar'05
llx'y J'ly
.
103
105
Div'l lstl<fegeiig48...1944
121% 122%
107% 108
105
104 3«
J-J
J-D
Begistered
92 Hi
87
lOe^s 106%
106 J'ne'(!5
104 34 J'ly '05
121 o8 J'ly '05
107 Hi 107 Hi
106% Sale
104 58
105
ot .Mex prior lien 4 %s. 1926 J-J
1951 A-O
1st coiisoi 4s
li
1
119H>Mar'o5
113 34
118'4
.
106-V
106
107 Hi
104 Hi
103 34
121 Hi 125%
106 -a 110%
r-A
J-J
F-A
J.J
Nut
1 1 1- -•
101%.
115%.
1
M&M
W
May'04
<fe
Nov'01
96% 96 Hi
M-S
A-O
A-O
!
See Southern
See St
106
.
:
Mai *(S1'C&H
Monongahela Biv See B & O
Moraan's La <fc T to 3 P Co
Morns & Essex See Del L<fc W
1913
St
Nash Chat<fegoldList 7s. 192*
1st consol
5s
Jasper Branch 1st g 6s. .1923
McM M & Al 1st 6s. .1917
TA t' Branch 1st 6s 1917
'J6'4
124
120
106
124
119
J'ne'O'
J'ly '0.7
lOGHiNov'ijii
1
i
<fe
Mont Cent
109% Apr '04
Feb 'of.
124
119
106
97 '4
74
Bat C
14
97 Hi
96 >4
lOS^
iY2% 114
95
coll
coll 4s
'4
H»
96 Hi
99
<fc
3
97
Sale
Sule
Sale
Sale
f
116
M O
Mohawk
'08
<fc
114>4 J'ne'05
M-N 107 Sale
M-S 10*% Sale 108
JD
1
20U Apr'05
100 Hi 101 % 101
103
M-N
A-O
M-N
FA
1
97 >a
96 '4 Sale
J-J
J-J
A-O
1
119%
110%
116%
F-A
L & Cairo
i'24"
Jan
<fe
37 J'ne'05
108 34 J'iit"05
108'«
g 4s..el930 Q-F
1931 J-J
Guaranteed g 4s
St
MA} '05
<fe
Minn Uu Sec St F M <&M
Mo Kan «& Tex 1st g 4s. ..1990 J-D
'
1951
g 3 H18
124
139
103%
124"
<fe
M
MoK
M K&
M
1952
L&
102
t,
tiOHi
J-D
AO
JD
2d gold 4s
01990
1944
1st ext gold 6s
St LDiv 1st refg4s....2001
Dal& Wa 1st gu g 5s... 1940
KanC<fc Pac 1st g 4s.. .1990
& E 1st gug 6s... 1942
Ok 1st gu 5s
1942
K & T of T 1st gug 68.1942
So 1st gu g 68.1943
Sher Sh <fc
Tex &Okla 1st gug 5s... 1943
1906
Missouri Pacific 3d 7s
1920
1st consol gold 6s
stamped. al917
Trust gold 5s
ol917
Begistered
1920
1st coll gold5s
1945
40-year gold loan 4s
1st gu g 48.1919
Cent Br By
Lei oy & C V A L 1 st g 5s 1920
Pac B of Mo 1st ex g 48.1938
2d extended gold 5s. ..1938
St L Ir M<fe Sgeu con g 5sl931
Gen con stamp gtd g 6s 1931
Unified & ref gold 4s. .1929
H,
119
106
1st
lD.'l.i
May'OS
114
1940
1940
109
Hs
138
13S
121
104
io7%iVo""
22
122 a
1
6 107
10'.i%
9VI4 102
99% 10] '4
.21 100
IO8H1
99%J'ue'05
ll'1-.j
Stece
January
<fe
J-D
1909 J-D
Pacillo Ex let gold 6s... 1921
South West Ex 1st g 7s. 1910
1934 M-N
let consol gold 6s
1st and refund (told 4s. .1949 M-R
Des
& Ft D 1st gu 4s.. .'35 J-J
<fe
1
19:fl
Begistered
4s
Registered
J
S 1st g 3%s
7
Dm'.,
100 Hi J'ly '00
Sale
'<
Low High
H'8%"i09H
10S
68
<
Jiiyit
107*4
Range
S ;
5(1
!'_'
& Stur 1st gu g 3s. 19W9
N Y & Harlem g 3 His... 2000
Begistered
2000
N Y & North 1st g 5s. ..1927
7
73 „ 79
B W& Ocon Istext58./tl922
26 'a
19
Oswe& B2d gu g5s...el915
11
17 7
BW&OTB 1st gug 58.1918
Utica & Blk Biv gu g48.1922
94 Hi 99 Hi N Y Chic & St L let g 4m. 1937
Begistered
1937
S Y Green w Lake See Erie
X Y Har iSfe N Y C A Hud
X Y Lack & W See D L & W
N' Y L E
W See Erie
X \' & Long Br See Cent of N J
X Y N E See N Y N H & H
New York New Hav & Hart—
Housatonlc R con g 5s.. 1937
137 137
11 \
N H & Derby con e 5s.. 1918
08 3
I20I4I22
N Y &. North .See N Y C
H
113
113'4 N X O & W ref 1st g 4s...1/1992
Kegi».?5, 000 only
114Hill7 H
pl992
95 Hi 98 h X Y & Put .See N Y C & H
96 4 98 4 N Y & B B See Long Island
N Y 8 & W See Erie
M See So Pac Co
99 102 34 X Y Tex
Xor& South lstg5s
1941
Norf & West gen g 6s
1931
Improvem't & ext g 6s. 1934
100Hil04Hi
New Biver 1st g 6s
84 34 88 Hi
1932
103 34 108
N & W By 1st con g 4s. 1996
106
ASk Low
100
102
1st consul 6s.l909
107
13 104
104
:,
1
1931
Mich Cent
9914" 9 9 '4
104 Hi 104 4
104 Apr'05
109 J'ue'05
.
.
PittsMcK&Y 1st gu 6s. 1932
2d guar 6s
1934
McKees& B V latg6a 1918
'4
12 Hi 118
1
<fe
Mlnn&StLgu SeeBOBcfcN
M St P 8 S M con g 4 mt gu '3m
M 8 8 M & A 1st g 4 int gu 1926
97
115'4 116'-j
99
MidotNJ See Erie
MU L S <& W See Chic N W
Mil & Mad See Chic & N W
Mil & North SeeChM&StP
Minn & St L 1st gold 7s.. 1927
Iowa Ex 1st gold 7s
110
96
39
97
114'all5»4
77 Sale
22 % Sale
13
14
AO
1st gold 6s. ...1910
'«
106 %106
W
Mich Cent See
'«
i04 34 8ale
A-O
anhattan
1990 A-O
Begistered
Metropol El 1st g 6s....1908 J-J
Man 8
Colonist g6H....1934 J-1)
M cK'pt & B V See N Y Cent
Metropolitan El See Man By
Mex Cent consol gold 4s. .1911 J-J
1st consol income g 3s.al939 J'ly
2d consol income g 3s..olV>39 J'ly
1919
Equip & coll gold 6n
Colltrg4%s 1st Ser.... 1007 FA
Mex Internat 1st oon g 48.1977 M-S
1977 MS
Stamped guaranteed
110
Feb'Ofl
.
KaA.feG Bletgnc58.1988
Mahon C'l BB 1st 5s.. 1934
98H}10U 34
lI5 l4Miir'05
110 Mar'o:!
9U 14 J'ih-'(I."»
.".
99
LNAdsCK SeeC I& L
Mahon Coal See L 8 & M 8
Ryconsol4s.l990
Mex North
1
Hi
Mar'OS
11 2 Hi Mar'05
105
997
1997
Kegtetcretl
Debenture g 4 s
L928
Oct Mon & Tol 1st 7S.190C
His.
Last Sale
Lbs v Sale
107 *•>
100
2861
:s
Week's
Ranye or
Hid
1st 4s gu... 2361
Begistered
Lake Shore gold
Nov'li'.i
no
96
U5
Sale
116%
113%
121
Hi
West Shore
J'nc'ii-.;
100 34 Maj-Of.
101
109%
L& N-South M )oint4s.lP52
N Fla& 8 1st gug 6s... 1937
8<fc
121
109
2d gold 3s
100
N Y Cent& H VL—(Continued)
Nor A Mont 1st gu k 5s. 1916
Hlf/h.
109
30 Hi 182
126 Hi L26"a
111
114
Mar'05
T'no'06
129
121%
1980
Hender Bdgelstef g6a.l931
Kentucky Cent gold 4s.. 19K?
1
126 Hi Feb '05
114 Apr 'of,
LOB
180% 132
109 %
N Oife M let gold 6s. ...1930
1980
N O & M 2(1 gold 6s
Price
Friday
July 28
STOCK EXCHANGE
WEKK E.VlJl.Nti JOLT 2fl
N. Y.
January
Hiyh No Low
Ask Low
I! >it
5«
S5«
Vol. Lxxii
3
BONDH
tiange
Since
Week's
Friday
July V8
STOCK EXCHANGE si
Week Ending July 28
T.
—Continued— Page
-
IV
98
89
116
76
ti
Sale
Sale
Him
\'ot
8W %
115%
75 %
99
11
98% 101
97% 19 96% 100%
79%
79S 119 77
'0.7 ....
98
94
89 s
1
87% 90
116 134 110% 118%
77%
76 % 432 71
J'ly
(iliiiimiyjiH
.
.
ULY
Bond Record— Concluded
29 1905.]
BONUS
\Vii;k K.nhinu
j ii I
;
—
M-N
J-J
M-S
K
,
I'
:
lOySaJMy'i'o
LOB
V
113V
Kli
Phil lid- \V
Phtlna Reading cuna 78.1911 J.D
Pine Creek reg guar Us.. .1982
cm a
St
See Peon Co
l.
lo
Hum
i,
\s
:
.
110 4 Sep
AO
.
A
A.SO 1st c
in
58.1927 M-N
1997 J-J
1997
-iv Ci ut coll g L8...1961
D Jt u
selaer a Sar S
Kiiii a Dan See South Ry
JJ
A
a Mock .stv Southern
Rio c r \v i at See Den a- Rio Gr
Rio l; r Jn:
5s. ..1939 J-D
Rio gr So 1st gold 43...J..194U J-J
Guaranteed
1 04f J-J
A
Puts
B H
See
Rome Wat A Og
Rutland
1st oon
Kut-Cauail 1st
A H
See
a-
N V
Tus
....
103
>-,
1234 Jan '08
J 'lv VI
101
.
1
33 4
SO P
Apr'02
106 ««..„
109
TJl <-.....
Uli'i ...
111". ...
L314J'm
113
114
1
1
5
1194 133
J'ly'OC
J'lH'l
112
114
."
S Pol
J-J
118
109 4
120
118
KCAM
•
1st con sol gold 6s
1933 J-J
193a J-J
J-J
1933 J.J
1910 M-N
1937 J-D
1937 J-D
Registered
Reduced
to gold 4*33. .1933
Registered.
Dakota ext gold 6s
Mont ext
1st gold 4s
Registered
E Minn 1st div 1st g 5s. .190s
Nor Div 1st gold 4s
194s
Minn Union 1st g 6s
1922
MontO 1st gug 6s
1937
Registered.
1937
1st guar gold 5s
1937
Will A b E 1st gold os.. 193s
8t i- A .Nor Pac See Nor Pac
St I'AS'xCity See C St P
Salt Lake C 1st g s f 6a. ..1913
S Ee Pres A Ph 1st gos...l942
S A A A P See So Pac Co
N P lstsmkr g 5s. 1919
av t A West See Atl Coast L
Scioto Val A N E See Nor A
Seaboard Air Line g 43 ...195U
Coll tr refund g 5s
1911
Car Cent 1st con g 4s. ..194;
Fla Cen A Pen 1st gos. 191s
lat land gr ext g 5s ...193b
Consol gold 5s
1943
AO
W
Mem
L174121
121
98
J'ly'97
A
Seab
Roa
1st 53
May'06
1D5
116
liu-s
1024
Jan 'ii
100
4-1
lou
1U0 34
"c
LOO
98
:,
4
Sale
100 4...
101
S9
Mar'OS
ion
4101
...
109
J'ne't»j
Jan 'Oi
109
76
89
74 4...
75
89
109
77
89
103'«.,
934 94
Mav'Ol
95 76 J'ne'05
96
93
102!%
103
114
J'ne'05
114
J'lv'o:,
102
Sale
C8 34 Sale
133*"
84
100
"'.'.I.
h Sale
89%
4
;i9 ;14
9876 sale
844
81 7a 82
109U
,
138»4Sale
3-
1384
1384
Ma>'()2
110
124 May'05
135 Jan '05
134 34 Dec '04
118 4Feb'05
117 Jan '04
117 4.
110
J.J
AO
90
104
108
109*8
Sale
Jan
May'05
1044
Mar'05
95
109
J-J
108
J-J
J-J
1034.
107 4.
1104.
1104.
109 4 Mar'OS ...
112 4J'ne'05...
110 Jan'05...
109
!114May'03
.
.
Feb '05
Jan
102
84
87 4
80 4 844
109 4109 4
109 4 114
110
110
...
'03
96 4 Sale
95 4
964 357 95 4 984
102 Mny'Oo
101 102
94
9l»e "54 92 4 974
91
94
94 May'06
100
109 4 Feb '05
lOS^lll"*
1024 Sale 102 4 102 4 15. 1U0-4 104
99 4 Mar* 08
88 "884 88 4 J'ly'U5
87la 90
109 4
1U8 4 Mar'05
1084 no 7*
103 Sep '04
109 4
1134H5
115 Feb '05
1074 110 107 4J'ne'o5
107 4 110
105
107 4 Feb '05
195 4 1071,
103
103 4J'ly'04
110
112 4 J'ne'05
110 »112 34
J
"944 Sale
Registered
194'.'
Mort guar gold 3 4s. Jtl929
Gal Bar A 3 A 1st g 6a..l91o
2d gold 7s
1905
Mex A Pac 1st g5s.... 1931
Gila VG
lat gug os. 1924
Hous E A
T 1st g 58.1931;
lit guar 5a red
H A TClst g Saint gu.. 193'
Consol g 6s int guar.. .191-.
Gen gold 4s int guar. 1921
AN
iw
fl
Dec '04
113
,1004 100
Waco A N W<nvl tg68'30
"95
J'ly'OC
127
(-'"
;
1
100
Sale
814 Sale
luc) 1st
gSa
4ibo4
t
8Un Rope A TlatgOs...
Incoiue gold 5s
V S LeaUiCodMer,
A tconvtlebg5s'24
1
'.
S
'
.
«
1
814
80 4
245
.7
M
W
W
2
's
iviviv.-r"
i
1084 109
1094
108
I024 D12
J'ly'O,
'.j
4
4
1741314
112
1084 108
112
'-,
18%
l
45
1
1
I
93
I
3'.,127
114 34 118
96 4 98
111
no
108
Feb '02
Dec '04
1144 III V
114 4 I'ne'o;,
1144 j'nje'OC
110
114
4
....
'bo »4
113 'i 115
I
1
14 117
114
97
41114
115
116
»7
:,
4
4
115
J'ly '05
117
100
J'ly'00
.
111
4 Apr '05
..
122'4
..
99 4 J'ly 'o;,
112 4 J'ly '04
9S 34l014
122 J'ly'05
90 4 J'ne'05
1204123%
:
127
4
122"8
>t
Ill
..
122
954
Xov'04
1.2
1114U24
121
V
114 4
97
86
Sale
4
J'ly'05
85
98
99
86
J'ly 05
110 3
8 J'ue'05
95 4 Jan '05
105 5S 105-'<4
105 34 J'ly'O.,
127 3a
130 3 )
105 34 Sale
1304 Sale
75
1157
137»4 Apr'05
103% Sale 103%
126^
126 4
1174118 1174
96% Sale 964
lu7%.
112
112
16%
95 4 984
95
91
89 4 9 14
83
86%
97
98 4
113
110%
95 4 95 4
964J'ue'0:
93
112 4
1
110
ii3*4"'"-! 116 34 J'ne'O.
114 4
HI May'04
107 110
110
110
*924 93
93
91
914 91
122%
93% 102
111% 111%
1064 1U-J4
106 4 Nov'04
100-'4
97
114 7a
114
97 J4 May'05
:
112%
112
Feb'Oi
110
123
110
1144
9.
V
98
'•
.10
1 1
1
126 34
......
1
Mai 05
1
J'ly 'OJ
J ne'O..
11-4 4
II !'.
112% Jan 'OP
'-
1
112
114
110 Va 116 4
116
111
119 4 122 4
114 116
2 1% 125
May '05
I'.O'v J'ly'O..
'.
1244
114%
J-J
954 U84
Dee, 'O
1164 May'05
116
1204
8 4
J-J
J'ne'0
90 4
1 1
1-1
ne'O.
J
U84 Mar'o
98
,
J-J
'91,4101""
3
118
1 1
4
97 4 100 4
117 4 118
984 J'ly'O
118
1
M-N
M-S
Kan A
1st gu g 4s
Tol P A
1st gold 4s.. ..1917 J-J
Tol St L A
pr lien g 3 48.1925 J-J
50-year gold 4a
1950 A-O
I'VIi'ii
.
984
104% 108 4
1034 106 4
112 78 138 4
HO 3*
137%
104
126 v 51 124 127 4
i 117 4 120
117 4
96 34 MO 95 4 98 4
103% "i 102
Dec'OI
1144Apr'01
*103 34
1044104%
l04 4J*ne'O5
,
lat lien equip a f d g 5s. .1921 M-C
1st lien 50 yr g term 4s. 1954 J
Det
Ch Ext 1st g 5a. .1941 J-J
Des Moin Div 1st g 4s. .1939 J-J
Div 1st g 34s
1941 A-O
Tol
ChDiv 1st g 4s. ..1941 M-S
St Chas Bridge 1st g 6s. 190s A O
Wab Pitts Term 1st g 4s. 1954 J-D
11041124
1094 Sale
Om
Warren
See Del
Lac
A
1954
J
684
D
99
Apr'05
86
95
88
Apr'05
112
Nov'0-i
864
374
33
Sale
Weat
C8
1
-.
12i
38
99
83 s.
W VaCentAP
1st g 6s.. 1911 J-J
Wheel'gA LE 1st g 5a. ..1926 A-O
Wheel Div lat gold 5s. .192c J-J
Kxien A imp gold 5a. ..1930 F-A
RR
l8tconaol 4s
1949 M-S
20-year equip s f 58 ...1922 J-J
Wilkes A Eaat See Erio
Wil A Sioux F See St P
AM
Wis Cent 50-yr 1st gen 4s. 1949 J-J
88
~97 4"98*"-.
27
90
84%
103
92
109% 112
4s
Wash Cent See Nor Pac
Wash O A W See Southern
Weat Maryland lat g 4s. ..1952 A-O
West N V A Pa 1st g 5s.. 193 J-J
Gen gold 3-4s
1943 A-O
Income 5s
^1943 No\
West No Car See South By
90
66 4
102
92
J'ne'Oe
87% Sale
38
297
97 May'05
109 4Mar'0i.
904
864 87
"
72
88
924
93
10741124
119 4
1124
3 116
41 107
103
92
111
97
......
109
A
112 4
118
109 4
Feb '05
90
4 Sale
102
4
109 4
99
71
.1
A
112
1184 118
118
U9 4J'ne'o:
884
984
864 95%
35
45 4
87% 94
1194
6% 98%
118
984
J'ne'O;
40
Mar'OJ
110
112
Moy'O.
1114
1114
1134
114% Mar'05
1144114%
114 4 May'05
114 J'ne'05
92 4
94 S
102 Jan'05
11
92 4 Sale
Ill
•J
111
93% 91
91
114%
92
95
102
46
4
102
90 4 ^H
94
1044
112
14H44
113
M
1044
HO.\D.>*—Concluded.
9941004 Adams Ex
15
77"
84 4
71
i'l'i
.
914
98
los
93
106%
.
>7
iy •• ;.
J'ly'o.',
.;
614
08
59
53
54
-
al-
110
-
'4
1UO
and asked, a Due Jan
94%
I
:,
1.
1921
"S3" "57"
I'll!',
48
1054
I
ins
IS
J'ne'O!
J'ly'o.
J'ly'O!
50
*76%""
Eeb'O.
714
10S
M-.N
MN
M-N
J-J
K-A
9748ale
M-S
97
4
100
Yds 1st 4a
J-J
LTerCnpplesStat'nA Pron
Co lets 4a 8 20 year.. 191 ) J-D
3 Yniiu wat Co oon g 6s. .1923 J-J
in.
-M, Val Wat Woi
.1-S
87»4
974
H
'.W
1
Due Mar
d
119
13
1
1
1
s
I.,,
J-J
A C
103
1
.
101
oDueEeD
l,lVll|. [It
E-A
104%....
St
91%
iSale
l
St Joseph Stic
I
21
'
.
1
8
I
110
tin
U'ki'n FerryCo latoonag
Chic Jo A St Yard col g 08.1915
net .M A M Idgr incomes.,
lloboken L a l gold
Mail s,| Garden 1-1 : 5s.. 1919
Man Bob 11 A L gen g 48.. 1941
Ne Ship ,\; D l).",i
N Y Dock 50 yr 1st
4
1
5
col tr g4a
194b M-S
lmp5s ^eeCeutNJ
ssCoof W Va g 5s
192' MN
Am Dk A
'
110
93
194 J'ly '05
.1-4 FeVo.',
106%
CorplO-buyr.,
Rrgistere.l
v»-C.ir Chi
col tr 5s g.AVl
'iio pr;c« Fri.iay; lateel bid
m
100
85% Dec '04
'.'
.
L
994
1"".
F
Int bt i-ump lo.yr conv.
Lackaw Steel
A -._.
gatStaichMfgCol8tg6al92i
Nat Starch Cos dc
General gold 5s
1
.^liscelluneous
A-O
K
E
g 5s
I
1
113'.,
Ill-
A-O
1935 J-D
1990 A-O
103
4
Feo'uo
LU84 Mar'Of
119
8
lo
Keb'O
1
984
J-J
1935 J-J
I"'-
'j
4 Feb '02
123
MIMCEIXANEOLS
StanolucturiiiK oV I mlnxtrinl
Cent Leather 20-year g 5s 1925
Col loll '.uacco 50-yr g Is. 1951
U-re.l 48....
1951
Distil.sec Cor con v la
int Paper '..„ Isl con g 6s. 191-
l
J-J
5s. ..1935
2d gold 4a
gu g 4s 1949
W
105
W
1084
1094
I
Dioli
AOC 1st g 5s
1014
914
102
1004 J'ly'05
J-J
J-J
J-J
A-O
.1
i
1024
115 95 6
J-J
1930 A-O
88
Mi9
loc \
Sale
loo
FA
5s.
KH
33
Apt o
W
90
90
1044
J-J
'04
119
4s.. 1924
63. .1914 J-J
g is
I
19
iii"
J
Tor Hani A Bufflstg 4s.A1940 J-D
Ulster A Del 1st con g 5s 192S J-D
1st refund g 4s
1952 A-O
U3 34 UnPac BB A Igrg4s...l947 J-J
111
Registered
1947 J-J
1st lien convert 4s
1911 M-N
1104U2»s
Registered
1911 M-N
103 105
Ore By A Nav con g 4s. 1946 J-D
Ore short Line lstg6a.. 1922 F-A
104 34 104 34
1st consol g 5s
1946 J-J
Guar refund 4s
1929 J-D
124
123
Kegistered
1929 J-D
135 135
Utah A Nor lat 7s
19Uc J-J
Gold 5a
1926 J-J
1184H84
Uni ^J J RR A C Co See Pa Kit
Utah Central See Rio Gr Wes
Utah A North See Un Pacific
Utica A Blaok R See N Y Cent
Vauiialia eonaol g 4s
1955 f-A
Registered
1955 F-A
See Mo P
\! er Val lnd A
108 108
» irginia Mid
See South Kv
Va A South w't 1st gu Ss.2003 J-J
1939 M-N
84*4 92
Wabash 1st gold 5s
2d gold 5s
1939 F-A
102 104 34
Debenture series A
1939 J-J
95
980s
Series B
1939 J-J
109 109
110 4 May'05
104 J'ly'05
106 May'01
104»« Mar 05
.
J
108!>8ll3
136 139
1114 J'ly'05
1164Apr'01
.
1104.
1U44.
1033*
0041014
J'ly'05
140
11234
I
A-O
M-N
M-N
M-C
M-S
M-S
M-N
1936 M-N
Bge Ter gu g
Western Div 1st g
98%
113
M
W
89 7c
9S?8
844J'ly'05
a
81 4
82
19.">
-Is
lis
Tex A N O See So Pac Co
102
2000 J-D
884 924 Tex A Pao 1st gold 5s
2d gold ino5s
§2000 Mai
1931
La Div B List g 5s
J
1214 1264
W Min A N 1st gu 5s '30 EA
884 92
Tol
J-J
fcl941
ref
Gen
St L
116
1004
refund s
i
1
1
LAN
See
l
u,
ii
i
..
1119'.
tr
u'
111
'o
lie'
.Mail..
1
i
1st g
.]
15
....
....
-i
i
Deo '04
.
s
17
108%....
J-J
101
Dec'04
125
96
125
1
1
JJk/Ii
X.n'll
liec'ol
mi 4
...
-,
;
1
ANY
112
102
80
884
Ala
113
High No Low
109 t Jan 'OS
10.1
j'ue'oP
....
108%
i
A Ga
1
l004M»v'O5
102
101 4....
';
Sine*
January
i ti
Ills',
A-O
A-O
A O
A-O
M-N
M-N
Spok EaUs A Nor 1st g 6s. 1939 J-J
stat Isl Ky 1st gu g 44».. 1943 J-D
See D L A \\
104 34 Sy ra Biug
03
104\ 'I'er Aol St List g 4 4s.. 1939 A-O
104
1 1st con gold os
1894-1944 E-A
1294 132
1044Feb'll5
131 May'05
4
113
M-S
gug 5s.. ..1941
1st
AN
1044
4
884 SO
or
Sep
Jan
13
I
IU3
g Is.. L93 M-S
44-6s... 1996 J-J
5s
Guar stamped
W o A W 1st cy gu
West N C 1st con g
125
135
1214.
Coll tr g 4H»s
iwb
Goid 48 (Cent Pac coll).A:194'.
Cent Pao 1st
1
lo..-'.
1st g 5s
1919
Virginia -Mid ser C 8s. ..1916
1921
Series D4-6a
Series E 5s
1926
General 53
1936
>
Registered
1294
1IS4 1334 23
lt)6
1014
J-J
J-J
Kange
.
Low
A.-',
1905 K-A
1912 M-S
1943 J-J
199 J-J
L99 J-J
E I Va a Ga Div g 6s.. 1930
1951
Con 1st gold 5s
E Ton reor lien s 5s
1938
Ry 1st g 6s
1922
GaPac
Knox A Ohio 1st g 68.. .1935
Rich A Dan con g 63
1915
Deb 5s stamped
1927
a Meek lstg4s.„1948
Rich
1014Nov'01
J-D
J-J
1st
1
l
I00»g 104
Slir
AA N W
Div
I'.'l
.via
L9ia
19 i
Atl A Danv 1st g Is
2d -Is
1948
Atl A Va.i 1st g guar 48.194!
1916
Col a Greenv 1st 6s
116
102*8 Sale
120
135
192i J.j
A So Ute M K. A T
Oca A G See Atl Coast L
god Bay A So 1st g5s
1924
Bo Car A Ga See Southern
*k> Pac Co— RR 1st ret 4s. 1955
gOs..
e,
Range
1024
St Louis dlV 1st
Cen k
J-J
J-J
J-J
J-J
Gu A Ala By 1st con 5sol945 J-J
Ga Car A No 1st gug 5s 1929 J-J
.
1905-.. 193'
Registered
Moli a olno coll
A-0
M-N
L912
1987
oon unar g as
Con gold 6a
Southern— 1st con g
MAC
§1
...r.'l-'
N -Mex 1st
Tea A S o 1st 7s
Oot'Ol
LSI
L19«s
102%.—
MN l'J7'
J-D
KCFtSdsM cong Os.,1928 M-N
K O Its A- M Ky ref g 4s 1936 AO
KA Blstgu53.1929 AO
St Louis So See Illinois Cent
1st g 4s bd ctls.1989 M-N
St L S
2d g 4s ino bond ctfs...2Jl98'.i J-J
1931' J-D
Consol gold 43
Gray's Pt Ter 1st gu g os 1947 J-D
St Paul A Dul See Nor Pacific
Bt Paul M A Man 2d 6s.. .1909 AO
D...1906
gold 6s
Stamped
s
J-J
A
s Paool
M
AO
C
lStgOssei
1134 Deo *02
U9'i
J-J
J-J
J-J
J-J
6a set B.1905
g
6s aeries
lies
i-l'.Ui
Sabine Div 1st g 6s
AO
M-N
'all si
lsi g
So Car
W
;
i
1st g 6s.. .(-1909
II
l.asi
id
II
.1
111'-.
Nov'97
137
M
,
•
g 6s
1st glial
'08
1194 Apr'i'l
"i
Ce-ni
l'.'U
UK
Priet
Friday
July JS
;
Continued
i«t 78.1918 A-O
1920 J J
r
at
AT go
ol
1st
1st
g4 4s
J-J
gug 4s... 1949 J-J
LA
—
1
133
P
See Pore Marn
Ci Jo A Gr Isl 1st g 4s... 194V
St Ijiw A Adirou 1st g 58.1090
•Jo: gold 6s
1986
St
Cairo See .Mob A olm
St L A Irou Mount See
P
St L K C A N See Wabash
St L
Er See T RB A of St 1.
St l a s Fran 2d « 6s CI B 1900
2d gold 6s Class C
190i
General gold 63
1931
General gold 5s
193i
St L A s E
oonsg4s..'90
Sou th vr Div 1st g 09. .1947
Refunding g 4s
1951
ir koUI notes 4 4..190S
On!.'
»
1
ot Oil 1st mi a. 88. ...1907 JJ
A-O
Guaranteed gold 5s
-J
Ore a- Ga) st guar g 5s. 192
s a a A Paaa 1st gn g is. 194 J J
.
Roch
M.
No
'0-1
..
1) eadlng Co ran g 4a
A- Registered
lo
1st gold 6s
JD
IV mi Co
Pitts Ft \V A Ch ><
1922 J-J
Pitts Juno lit gold tia
1928 A-O
1.
Pitts
-N V Ceu
-^ V Hi
Pitts MoKi ea
Pitts Sh a- L K 1st g 6a. ..1940
1st eonaol gold Ba
1943 J-J
Pitts V
(
Morgan'i La
I09"j
\
l<)7
ik Kndi.no Jfi.Y 28
i
Soothes n Pao
AO
(PlttaClevi
A
January
No ii'w
....
N. V.
100
Set I'riiu
Pitts
Htuti
since
4
"
^ Bast See C C a st L
1931
iPeo A Pek t'u 1st g 6s
61921
2d sold 44a
Pert Marq— ChA \V M is 1921 JD
M R6a
1920 8.-0
ElintA
1939 MN
In consol gold 5s
Pt Huron Div 1 81 l 5s. 1039 At>
- _ TusA u 1st mi % 4.-. 1931 FA
Poo
Ask Low
Bid
Penn
1
Last sale
S?
—Page
BON DM
STOCK KXCH
Kange
Sang* or
July 38
39
RR—< Con fnititfiO
J?hiUBal A W 1st g 48.. 1843
Sun A Lewis 1st g 4s... 1930
U N J RU A Can gen is. 1944
Pensacola a All See LA Nash
Weeks
Price
Fritiau
STOCK EXCHANGE
N. Y.
8
.
-
l:e<IA U.-t
100
,
Due Apr \ Due J'ly
fc
Una Aug .,.,.
1
.
.1
1
J'ly'
%
J
100
(or tutu uao
B8*i
.
"'
CHICAGO STOCK EXCHANGE— Stock
AND how hsT
b'lOCKH—HIGHEST
halui'mi
Uonda
Tuesday
1/
22
ju'ai
1
a
1/
'
187
SA LE PRU EH
ed nesda%
July 26
11
26
27
Jul//
Last 8a
STOCKS
li
EXCHANGE
Year (1904)
Shares
Ml.-
•
'.'
I
!!-(,!
|
Highest
180
Jan
4
100
Jiangs lor J^revious
1905
0/ the
Kailroada
Mar'06 OhlC City By
196
year
Jnuitje n,r
CHICAGO STOCK
Friday
July 26
n a
'I
.187
187
Record-Daily, Weekly and Yearly
J'ly
5
J/tghest
Feb
199
1
Jan
Jan
31
Hat 190
155
Aug
27
Not
Nov
III-..
Chic Pass By
s
I. 'I
I
S a
794
79
80V
8O4
Ml-,
a
1,
J'ly'o.'
1
haul
43 'a 434
43
64
57
-
2
I
60
'21
4
90
I'.i
95
95
-
98"8
"10
984
28
'>.
*
..
1
..
984
•40
45
Aa«
a
1, II
S
a
...
1
1
e
in.-
Union Tract.
Do
.
0::
loo
Li
45
Apr 18
100
..11
ion
joo
100
-
68
1
5o
100
loo
1
40
1"
15
5
riar20
44
90
28
4
Lo34 Marti
Feb
72
J'nels
Mai
Mai
Jan
41
65
I
Jan
Jan
" 4 Jan
w
•-
Dec
>-ep
'let
804 Nov
-1
99
1
Xov
Nov
i
J'ne 2
i:.yl7
28
37
5
31
3
Ki-ij
6
10i
\'«>
Si p
26
v Feb
21
c L
23
Hay J 2
:
.'v.-
c
.I'iv.-
25 34 J
Jan
Jan 10
fly 21
100
1
i
1
-
20
Do
!
1 "9
1
prel
prel
>..;
.VotHi Cine Btrei
j'lyo Xorl Invest i-rn
J 'ill- u
in)
prel
95
South Sine Elev
Fly '00 treets WStaole
99
Do prel
45
iVeetC3Mc Street
-0
13
51
.
Metropol \v 8 Elev.
.
Mar3]
30
a
.
prel
By*
7
24
I
•944
3S4
99
45
»40
45
.'-"I
<i 1
Sa
'98
984 98
6
;
10U
:
Do
'.-.
63
ale
t S'
S
I.
•40
45
IS
-1:
25
65
60
1
\
*28
My'
*234
'944 95
'<
be'
"a
2
ihic
1
h'ans City
04
*63
.
JO
45
6
4
'63
«B3
*'iH
64^ 044
66
.J
Paris
prel
1
:
,
85
•43
43'..
•l.i
"234 28
25
65
57
'h
43
4
83
83 H,
Salt
32
& Oak
J'ly'05
I
hast
>-2
Sep
38
26 34 N'or
Apr
Mat
.Nov
.Vov
2
Jan
34
4Apr
103
Api
38
3
-v
<'ct
Jne
564 Sep
IHiHcellnneous
100
Allis-Cli.'ilmers
Do
4 \V<
674 09
11
129
ll's
11%
1
07
t
08
68
-'
4
'8
i 1
67 38
08
ll's
130
....
130
11
684
67
4
Last S a
130
130
1DV
67
H'l
68
ll's
'h
34
129
130
1
129
I
e S'i\
"129 4
130
ha si s a
4
534
1
e
Vil
-i
40
110
54
<
'1().">
*58
105
40
110
40
110
40
105
"53
MO
-•53
'10
*o
155
100
44
*
135
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140 140
431.2
135
1034
140 140
50
140
158
43 v,
135
104
140
-1
<
prel
J'ly '00
...... J<"'
140
38
lo;
105
ChicBrew'g&Malt'g
55
'4
1124113 4
•63
»117
64
118
55
112 4
*63
117
55 '2
112
'63
117
55 4
112ia
04
118
50 4
56
112
*63
56
112
65
118
57
58
112 41124
63
63 4
118 118
15
330
39
.
112H
64
U174U8
,
1184
117
Do
pref
7
172
077
150
Feb
Feb 10
33
J'ly 14
73«4
Mar
11
63
100
100
100
100
10741074 10741074 U074108
97
l ss
97 4
14
104
10 14
14
14
10
34
10
35
10
33
14
10 h
J'ly '05
103
99
I0°s
1% 14
94 94
834 344
*sa"*86
34
14
94
334
& P Co ...100
100
Do pref
1% Unit'd Box Bd & P ColOO
Do pref
100
10
100
334 Western Stone
This is new stock.
t
Chicago Bond Kecord
BONDS
Price
Week's
Mange
Range or
Since
Last Sale
January 1
Ask
Bid
1910 F-A
Amer Biscuit 6s
Amer Strawboard 1st 6s. .1911 J-J
Cass Ave & FG(SiL) 5s. 19 1 J-J
Chic
Chic
Chic
Chic
Board of Trade 4s ...1927
Consol Br & Mit 6s
Consol Trac44s
1939
Edison debent 6s
1913
Chic Auditorium 1st
Chic Dock Co 1st 4s
Chic Equit Gas 6s
1905
Chic & Mil ElecRy 5s. ...1919
Chic Pneum Tool 1st 5s .al921
Chic Rock I & Pac Rli 4s. 2002
Collat Trust g 5s
1913
Commonwealth Elect 5S.&194
Illinois Tunnel 5s
1928
Kans
City
Ry & Lt Co
J-D
55
J-J
97 ^
lOO^.i
70
M-N
M-S
M-S
J-D
100
*96
W
Sale
ibo'
Refunding g 44s
"so"
No Chic City StRy 44S.1927 M-N
94 4
North Wcst'n El 1st 4s. ..191 M-S
89=a
Ogdeu Gas 5s
1945 M-N
Pearsons-Taft 5s
1910 J-D 100
BBB
1920 M-B
4-40S
99 4
F-A 99 4
4 40s Series C
-
U S Brewing 5s
U S Steel Corp 2d 5s
West Chic St 1st 5s
Tunnel 1st 5s
Deuent Os
J-J
103
U064
1
—Accrued interest nms
Continental N at ional.
Cook Co State Savings
Corn Exchange Nat...
Drexel State
Drovers Dep National
First National
106 41084
95 4 98
1064
97
1004 Feb'05
93 J'ly '05
99 4 J'ly 'OS
16 Mav'OO
94 5s
95
87ae J'ly'05
97 J'ne'05
96 May'00
Foreman Bros B'k'g Co
10041004
Milwaukee Ave State.
Nat Bank of Republic.
National Live Stock...
944 964 North Side State Sav..
86
904 Oakland National
Peoples Trust & Sav ..
95 100
94
99 4 Prairie National
97
98 4
97 4100
16
16
53
Prairie State...
90
944
89-4
J'ne'05
90
944,
895,
88
99 4J'ne'O0
99 34 J'ne'05
LOO Apr'05
103
J'ne'05
J'ly '04
Nov'04
94
J-J
80 4 Sale
$88
00
90
78
88
94
J'ne'00
A-O
974 Sale
to all
80
Hamilton National....
Hibernian B'k'g Ass'n
Home Savings
Manufacturers Bank..
88
added
68
Fort Dearborn Nat. ...
81
r-A
J-D
02
Apr '04
*94
M-N
62
604
103 41044
10434
104
Nov'04
106 '4 100 14
114 Nov'04
Nl-N
M-N
190'J
71
,
A-O
Bankers National
Calumet National
Chicago City
Chicago National
Chicago Savings
Commercial National..
Nov'04
100-4 J'ne'05
1004
A-O tl23 123 4 1234 J'ne'05
M-S tl06
10G J'ne'05
J-J 107 4
108
1084
J-D
107 H 107 May'05
J-J i"034 104
1034 103>«,
1928 M-N
1914
1930
Consol g 5s
West Div City Ry'4 4S..1932
West'rn Stone Co 5-20 5s. 909
Note,
M-N
M-N
1910 M-S
c
68
79
80
106 4 1064
96
1938 ,T-J
1906 J-J
1909 J-J
1931 A-O
&
104
NAME
First Nat Englewood..
J-J
J-J
4"
&
103
M uy'05
Apr '04
644 Apr '05
1004
J-J
"97 4
Kmckerb'cker Ice 1st
Lake Street El 1st 5s
1928 J-J
99
Income 5s
1925 Feb
"94 5 95
Side El 1st 48....19S8 F-A
Metr
4-OOs Series E
4-80s Series F
People's Gas L
C 1st 6s. 1943
Refunding g 5s
1947
Chio Gas £t& C 1st 5s. .1937
Consumers' Gas 1st 5s.
192!
South Side Elev 4 4s
1914
Swift
Co 1st g 5s
Union El (Loop) 5s
Union Pacific con v 4s
1911
Low High
9941014
103 41034
104 4 J'ne'05
1044 104 '4 J'ne'05
102
98 Feb '04
M-N
58.1928 A-O
1st 5s
.Xo
104
103
J-J
5s. 191
Extension g 4s
Norch Okie St 1st 5s
High
1034 J'ly '05
J-D
A1926 A-O
5s. ..1929 F-A
1920 A-O
1st gold 5s
JjOvj
100 4 J'ly'o;
t99 4.
974
Feb'05
804
88
973,
Chicago bo
Not
Feb
May 1734NOT
J'ly
36 Nov
Mar 147 4 Nov
66 4 May 25
104 Dec 12
4
60
2
11134
41
110
5
46
Mai-
Jan 30
2
Apr
Ply 19 1204 Mario
Jan 25 67H>J'ne24
Jan 5 120 J'ne IV
5 34 Mayil'
Apr 20
65^4
99 58 Mayl8 llO^ Apr
141 106
'267
46
Feb 25 114
Jan 25 92
S64Jan
Jan
02
J'ne
20
H94Jan 1164 Not
20 4 Mai 464 Deo
95
J'ly lo
2 4 Apr 3
14 4 Apr 3
7 4 Oct
575
325
9 58 J'ne28
23
Nov
99 4 Apr 116 4 Not
35 a4 J'ne 474Jan
75 J'ne 87 Not
Jan
984 J'ly 20
1% J'ly 25
2,09-5
Sep
Jan 120
98 ss Feb 1104
i>
4
Oct
Feb
Jan
Deo
7 4 Nov
9
42 Aug 51 Jan
2 4 Jan
1% Apr
20 Nov 25 Sep
36 Jan 584 Deo
60
3
10% Deo
34 Not
7
J'ly
J'ly
203*
14
Feb 15 384Aprl4
95
934 954
964
Pullman Loan & Sav..
South Chicago savings
State Bank of Chicago.
Stock Yards Savings ..
99
994
99 4 994
99 4 100
100 1004
Union Bank
Union Stock Yds State
Amer Trust &
Savgs..
123 41234
105 41074
entral Trust
Citizens' Tr &
Co of 111
Sav Bk.
(
'olonial Trust & Sav.
Drovers Trust & Sav.
1024 1044 Equitable Trust Co
ln'241034 Federal Trust & Sav..
Kn st Trust <te Savings
105 4107
Illinois Trust & Sav..
Jackson Trust & sav..
Kenwood Tr A- Savings
Merchants' D'lufcTrCo
100
94
Metropolitan Tr & Sav
60
00
Northern Trust Co Bk
90
80
75
904 Royal Trust Co
Union Trust Co
97
88
25 97 4 974 Western Trust <fe Sav.
..HawnTr&SavBk
\\
nd price s.
1074 1084
100 41074
OutstandSurplus & In
ing
Profits
Stock
1903
Sep
25 4 Deo
Jan
Dividend Record
In
1904
Last Paid
Per-
oa
iod
2,000,000 $1,065,962
100,000
31,067
200,000
13
168,801
8+5
1,000,000 1,423,345
15
12+3
k 500,000
fc65,314
2,000,000 1.792,123 12
12
3,000,000 1,232,030
8
8
3,07'50,000
6
6
12
12
3,561,208
3,000,000
200,000
16,274
6
6
600,000
274,692
8
8
8,000,000 6,113,755 1112
12
10
100,000
106,771
6+4
500,000
627,237
Priv ate Ba
251,'! 14
1 ,000,000
6
6
500,000
141,890 "§"
"§"
1,000,000 1,049,404
100,000
155,785 10
10
200,000
11,589
203,154 "ii
250,000
"S"
2,000,000
952,610
6
6
1,000,000 1,302,966, 15
12+3
0,034
50,000
50,000
49,530 "ii
6
200,000
13,510 New Bank
250,000
59,596
250,000
73,721 *'s"
1J38
300,000
170,013
8
8
hi, -70
200,000
5
1,000,000
607,524
6
250,000
104,015
200.000
23,501 Begar May'l.
200,000
19,029 New Bank
Q-J J'ly
Jan fan
J-J J'ly
Q-J J'ly
3,000,000
2,000,000
Q-J Fly
1,969,687
910,301
200,001
7.-2OO.OO0
200,000
500,000
2,0
1,000,000
4,000,000
250,000
200,000
3,000,000
750,000
fcl.000,000
500,000
1,000,000
1,000,000
200, 00'
6
_
7
4
1
New
fcl01,477
48,094
5
450,000
d Wi
698,075
8
b ank.
hAm
16"
5,91
T':u-'.
12+4
I
-
5
1
7 ,9
1
b
187,170
"6
"6*
8
4
3
3*"
J'ly
2
1<»
3
14;
2
3
24
14
'05,
J-J Fly
J-J J'ly
•oo, 4
'05, 5
Q-F May
J-J J'ly
Q-J •Fly
Q-J Fly
Fly
'05, 1
'05, 3
J'ly
14
'05,
•05, 3
•00,
'00, 3
14
q-J Fly '05, 2
Q-J J'ly '05, 2
Q-J J'ly 'Oo, 1
Q-J Fly 'Oj, 2
l'.M
5.
'05, 2
'05,
14
Mar
'05, 14
'05,
•05, 4
Sav.
Bank
J'ly
'05, 3
Fly
F-A Aug
'05, 3
'05, 3
•05, 2
'05, 3
Q-J J'ly
'05,
Q-J Fly
5
.
2
•05,
'05,
•05,
J'iy' •05,"
Fly •05,
Fly •05,
J'ly '05,
J'ly •05,
Fly '05,
Fly •05,
J'ly '05,
Q-J J'ly
8
50,075
11,21 Began Jan
3,617,53!
12
12
20 7, 16
1,022
8
8
447,330
6
6
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
nk
Q-J
'05,
..
6
3.
u
&
Q-J
J'ly
14
i.90
Fly
Q-J Fly
13,964 Began Mayl, 190
4%in Deo.,19U3, instoclcof B\irs1 Prust & Savings Bank,
deludes speoial Lrvulend oE 30ft leoiaxed Aug. 10, 1904.
fl I
Bid and asked prices; no sales were" made on this day. t No price Friday; latest price this week.
b Due June, c Due April.
a Due Dec. 31.
h Due July.
k Capital and surplus to be inoreased.
||Alsopaid L2
*
1'4
Chicago Banks and Trust Companies
Friday
July <I8
CHICAGO STOCK EXCH'GE
Week Ending .toly 28
,'-'3
(
105 34 Mar 6 80
Feb 10 s Oct
142»8Aprl5 1204 Feb 142 4 Nov
Jan 20
54
Dec
;
8
Jan
Feb
52 4 Marie 13
143 4 Feb 1
115
Dec '04 Union Bag
14
14
1-4
'1
L& C'kelOO
Pullman Co
100
St Louis Nat St'k YdslOO
Swift <& Co
100
The Quaker Oats Co. 100
Do pref
100
Un Stock Yds(SoOm)100
108
1074108
Last Sale 88
974 974 95
984
5,090
Do pref
J'ne'05 People's Gas
Last Sale
108
97
124 Deo
64
17
May'05 Page Woven Wire Fence
Last Sale IOH4
1
Jan 18
Jan 20
7
Feb 20 140
1
44 4Mar27
2 Jan 30
Last sale 5 J4
108
1
.Marl 7
J'ly 27
50
148 4 Feb 23
10 Jan 5
t J'ne 2
6
J'nel*
153 Jan 25
32 Jan
125 May
95 Apr
134 2 Feb
05 J'ue27
hast Sale 46
Last Sale
Last Sale 20
55
17
'
pref
May'05 Masonic Temple
May'05 Mil& Chic Bre\y'g
Nov'04
Do pref
574
58 3 National Biscuit
113 4 114
Do pref
04 4
644 National Carbon
Jan
LOO
100
100
1574 Chic Edison
45
135
Janl9
4 Jan
31% Jan
J*nel2 40 Mat 794 Deo
130 .MarJO 1154 Jan L234Sep
57 Mar;
19 .in. 40^ Deo
1054Mar27 82 Auz •'4 4 Oct
Mar 198 May
L83
40 Jan i 33 X
40 Nov
106 Mav 2 100% Mar 110 Feb
62 Apr 15 52 Feb 62 Aug
150 Marl* 120 J'ly 123 '4 J an
10 Jan 5
10 (Jet 104 Nov
Kcb'-'l
98
Do pref
&Cluc Canal &D100
Do
Jan 24
..-
34 Jan
1 '« Apr:.'.".
1
734Apr2;
3
]_'.-.
2i
100
clue Pneumatic Toul 1 00
Chic Telephone
100
Last sale ;dV" j'ly'Oo Chic Title & Trust... 100
140 140
J.394
1394 Diamond Match
100
59
58 s8 594
59% Illinois Brick t
100
Kans City Stock Yds. 100
Aasf ,S'rtJ« 13
J'ly '05 Knickerbocker Ice. . . 100
Last Sale 72 4 Apr '05
Do prel
100
hast Sale I?
J'ne'04 London & Chic Contr..
hast s a I e
Dec '04 Manufacturers' Fuel. .
45
140
Do
100
•
'.i41-'i-li
60
76
LOO
100
100
100
J'ne'05
157H *155
45
45
*.
135
155
45
135
2,330
1,170
54 Cal
Central Trust Bank. .100
Feb'05 Chicago Auditorium..
Last sal 10
Last Salt I
hast sale i5
44
Amer Radiator
Do pref
534 Amer Sblpbldg
130
J'ly '05
*52
50
100
Muv'04 AmcrT.fc S Bank
40
iiootli(A) & Co
hast Sale 109
....
Z158
158
44
4
•10
•10
"6
*
40
110
54
*
10
10
J'ne'05
J'ly '05
l
hast Sale 19S
prel
114 American Can
674
Do nre(
14
.
—
.
July
Business at Stock Exchanges
ol
.
i
NEW 70BK
TRANSACTIONS AT THE
BTOOK EXCHANGE.
.
i«ns BtoouridcM
Ddiana Nat .t [11 las—
hi 6a L908
M-N
odlnnnpohs Baa
stocks
\
Bonds
WabV
135.604.300
1,000
1)5,589.700
410.243
1,501.000
1.573.00U
Monday
l.SlHl
'
lay
Thursday..
Friday
84.00
!
6,000
2,612.000
5s
2,64 1,000
Total
Pal
•
Week ending
sai.es at
January
/i
I
to
July 28
st
;;.-.
sun
12
ion
.
Stocks— No. Bl
2.681.636
$241,700,600 $242,1
v.iiue
Bank
BONDS
Boveru-neut bonds
State bonds
Bit, and mis. bonds
^
$52
91i
W,8<
shares, par..
$41,000
2.457.800
10.4S5.00u
13,020
1,747,375
3
•
-.;
t 157,901
189,51
10.849,5
10
134,200
12,983.801
-
$637,077,150
$11,040,680
$372,328,480
DAILY TRANS ACTIONS AT THE BOSTON AND PHILADELPHIA,
78
1
-
1.-.
Saturday
Un
Wednesday
Thursday..
Friday .....
89,062
53.680
210,7111
Total
sales
#3,000
120,500
47,928
26.092
47,940
Unlisted
shares
Listed
shares
3.517
5.021
7.931
10,001
11.024
10,374
16.3712
...
Monday
Bond
isted
ii
1
topper
t
-
;
Till
:
84"
53
L25
120
"oo"
165
L25
95"
170
128
80
'
20
60
85
105
101
Companies
Chicago Edison Co See C hicago list
CingsCo El LtfcPCo 100 195 210
Xarragan(Prov) El Co 50 (100 104
Bond
1
sales
NY&Q ElL&PowColOo
S9,000
44.000
03.000
23,000
19,507
6,057
15,023
27,100
19,166
17,926
14,947
19,720
8,309
29,320
$300,500!
91,155|
109,474]
$224,700
11,219
n.o id
47,0
20,100
57,000
28,000
41,300
Piolerred
Uuited Electricof
58
35
loo
N J100
573H
J-D
4sl949
62
90
25
i'l
17
I
hi
:ic
ran h
B&NYlstOs
19U.J-J
MS
•
I
H
;
M
'
•-,
•
'.i
j
-
7
12
.Ill'
.
...
LOi
'h.'llllC.ll
104
com
Preferred
LOO
115
113
'
1st 5s
..loo
100
M-N
1930
Was.-,
Exch Hat
ref
Coa
17'.'
'
1
Con
1
110
15
:
eet
100
loo
ll
20
Bel g is 52 op 12. ...i-.i
Signal Co
10(1
tommerclal. LOO
Preferred
LOO
Havana Tobacco Co.. 0(
Preferred
loo
1st g 5s June 1 '22.J-D
Hecker.Joues-Je«v'l Mill
595
86
91
11. .ii
am ana
36
26
erring. Hall-.Marvin LOO
1st preferred
loi
2d preferred
LOO
llobokcn Landifc Imp lot
.M-.N
L910
1 5a
80 Hz
105
ls1
~ee
-
let
...A.O
ll
I.
<
an
2
21
100
.
Preferred
Bayci
pay,,
Fort
Manhattan Transit
20
Mex Nat Construe. pflOO
Monongahela R Coal. .50
Preferred
50
& Boston Consol .5
Mortgage Bond Co. ..100
Mosler Safe Co
100
Nat Bank of Cuba
100
Mont
11
10^
180
110
105
100
41
74H»
25
90
13
3
J
,
13
Hi
...
t
22 14
1
:j
I
7
s
Exch
125
42
105
177
24
1
67 H
8
Nor AmLum'r&PulplOO
list
135
k
45
182
30
69 ?8
8Hj
I '4
100
Preferred
2
3
lot"
IJOntario Silver
Otis Elevator com
55
104
53
107
loo
Phoenix Mining
Pittsburg Brewing
1
lc.
t
3C.
50 t 20 H
Preferred
50 t 47 J ,
Pittsburg' Coal See stuck Exch list
.)
Pope Manufacturing, 100
77
74
1st preferred
100
21
17
loo
2d preferred
Pratt & W'hiln pref.. 100 100
160
Realty Assoc (Bklyn)lOo 165
Royal Bak Powd pref. 100 107H 109
t.l
03
Russell .t Erwin
26
Safety Car Heat<fc Lt loo j so
!J50
Singer MfgCo
100 620
25
Standard Coupler comlOO
100 120
Preferred
7
8
Standard Milling Co. 100
32
28
I'relerred
100
70
79
Stama&dOUoY"NJ!!ib(i 017 020
a
Storage Power
50
I'.M
Swift & Co Si r.uston St
1st 5s 1910-1914.. ..JJ !102»4
.in
27
Tennessei toppi t
21
,5
\a.sA- Paciifo Coal 100
110
1st 6s 1908
A-O
192
NY.. 100
t
1
,;
t
1
',
i
'
ada).l
1
.
Union
•
I
72
LOU
10'
...
Pi
11
loo
—
11..
un
onndry
117
100
8.
132" U S
i
17
D 'Jo.
.100
J
112
'
I
5
'
!o
100
2<l
i
!o
Gas
IV
Woe
(Sale price. ,±Ex rlxhts.
latgSs 1917
*Ex div
(New
stock.
i
•,
J
*vU-t
l«
118
100
115
115
N
U
he
5101
Price por share.
2-
t
A'eeStk
National Surety
100
UNew Central Coal
20
N Y Biscuit Os 1911. M-S
Y Mtge & Security. 100
UNew York Dock
100
UPref erred
loo
N Y Transportation. ..20
..J-J
li„,
1
09
10
47
108
7
J-J
Gas.v
accrued Interest.
25
40
LOO
COM
•Voiles
cklOO
Stock Exch
I
ndaon
80
f
..J-D 5110
ii
31
'„
1st 6s 1948
J-D 5107
Lanston Monotype
16
20
Lawyers Mort lusur.loo 17o
45
TiLeh& Wiikesb Coal.50
Lord & Taylor
100 111
Preferred
loo 102^
IILonllard (P) pref ...100 140
Mack iy Companies ..100 40 H
74
Preferred
100
20
Madison So, Garden. .100
70
2d Os 1919
M-N
9 Hi
UManhatt Beach Co. 100
Pius Ky.
Lak
13i<
v
12
30
79
23
64
110
111
103
'i
I
'
CriMt'wu
27
lit)
International Silver. loo
Preferred
100
Nat Ena<fe Stamp
'a
3
2
2d
l
-
ila lis!
4
20o
g5sl951
topper.
ed
5112H, 111
107
"1
35
5102H 103
100
Preferred
1 00
Col tr deb 4 Hsl922op'07
International Salt
loo
1st
1
25
loo
100
Oil
Unit.
deb
Cons
Ky—
109
".
II
Houston
28
37
81
34
Ms
lslOs 1922
s
12
1
1
145
11 1
100
170
Buffs
5
\
19
Cond Milk.
..1
1
,
other emu
130
:.i
Id
113
101
110
..
HackensackMeadowslOO
di aok Water Co—
405
597
5
i
!-
1
50
apany com.
a's
.
c 4 His
.J. J-J
«...
-'..'
1
B.t 68 191 1....
tr. g.
112
OTHER OH
Amer Light & Trad
Preferred
A-O
..
•
d
155
109
ed
-rock
loo
;
'
LO
."•
•
'
'i
01
Int'n'l .Merc .Marine.
3
•
-J
K
1
10,
1
(
I
26
101
1
Preferred
ER
-..J
M
Internat'lBankingCoioO
Brooklyn Ferry stocklOO
10
I Hi
LOO
Hudson Realty
Ferry Companies
C8
1
topper
topper... 10
ne ion sol aold... 10
hreene Gold-Sllver....lO
!..
.-o
1
101
LOi
.1
N
W
103
11
rid
1
i.
Outside
W
,1
Preferred
•
123
100
70
74
92
93
M-N
1st 5s 1922
N Y & Hob con 5s '40.J- 1) J109 110
Hob Fy 1st 5s 1940 M-N 5110H2 112
Securities
X YANJl8t5sl946.J-J 5100
NY & So Blykn Ferry&St
A Weekly Review of Outside Market will be found on a preceding page.
90 100
Transp 1st 5s 1900M-N
40
00
10th & 23d Sts Ferry 100
Kailways
street
Street Railways
Ask
Bid Ask
95
Bid
1st mort 5s 1919. ..J-D
96
20
ULouisv St5sl930..J<fcJ 5113 113% IJUniou Ferry stock .100
27
NEW YORK CITT
Lynn<& Bos 1st 5s '24. J-D 5110 1 1 2 >a
94
98
Hist 5s 1920
M-N
36
New Or! RyaCo
28-. 29 Hi
33
100
Bleeck St & Ful F stk 100
95
Preferred
92
100
70
71Hl
Tilst niort 4s 1950 ..J-J
Railroad
New 4 la8
248
90
588
\ B'y <fc 7tU Are stk ..100 243
North Chic Street See C hlcago list
104 107
Chic Peo & St L pref.100
1 2d mort 6s 1914 „.JJ
1
Pub Serv Corp of N J100 115 118
2\
Deposited stock
Con os 1943 See Stock Exch list
2»„
110
Tr ctfa 2% to 0% perpet
09
70
4
Undeposited stock
B' way Surf 1st 5s gu 1924 5108
Coll trust 5s gold notes
109
Prior lien g 4 H2S'30Mcfi;S ioo
UCenl'l Crosst'n stk.. 100 340 360
1909 optional. ...M-N 597
91
121
93
94
Oa 1922 ...M-N 4117
Con mtg g os 1930. J«fcJ
'.1st
210
North Jersey St Ry 100
15
stk. 100 205
27
1ICenPkN<fc
Income 5s 1930
185
1st 4s 1948
M-N 577
77^ II Fort Worth & Denver
CChr't'rcfc 10th St stk 100 175
Cons Trac of
82
71
83
J.. .100
74
Col«fc 9th Ave 5s See Stock Excli list
City stamped
100
1st 5s 1933
J-D 5108*2 109 Ha Northern Securities.. 100 17m 174-1<
Dry D E B & S—
114 116
New'k Pas Ry 5s '30J-J 5113 114
275 287 H
tflst gold 5s 1932.. .J-D
Stubs
f
Rapid Tran St Ry..l00 255
Pitts Bess&LE
37
JScrlp 5s 1914 ....F-A 100 102
50 t 33
1st 5s 1921
A-O 5109
1 Eighth Avenue St.. .100 390 400
Preferred
77
50 t 73
24
....F-A 103
J C Hob<fc PatersonlOO
-crip OS 1914
Seaboard Air Line
4s g 1949
M-N 575H 76
101
1]42d& (irSt F'y stk. .100 400 410
Coll tr 5s 1907 op...M-S 100
70
So J Gas El & Trao 100 125 127
42dSt M <fc StNAv.,100 50
SeaboardCo.... 5eeBalt Exch list
107 109
st niort 6s 1910 .MS
Gug5s 1953
5102 103 Hi Va & Southwestern. .100
50
80
No Hud Co Ry 63'14J-J 5112
85
_
income 6s 1915 J-J
5s 1928
J-J 5110
Interborough Rap Tr. 100 21m 211 3*
Ext 5a 1924
M-N 5106
Lei A v <fc Pav F 5s See St kExc list
Industrial and lUiscel
Pat City con 6s '31. J-D 5124
Metropol Securities See Stk E x list
2d Os.... 1914 opt A-O 5100
Ry See Stk E x list.
Metropol Street
Algoma Cop & Smelt
So side El (Clue)
See C hicago list
Ninth Avenue stock. 100 190 200
Alliance Realty
100 124 126
Syracuse Rap Tr 5s 1940 5108
8econd Avenue stockloo 205 210
70
75
UAnier Bank Note Co. 50
Trent P &
105
mort Os 1909 M-N }102 103
5s 1943 J-D 5103
llHz ll 5s
American Can com... 100
F-A 5115 no
United Rys of StL—
Consol 5a 1948
i'relerred
60*i 67 U
100
stock 100 170 178
Conivot trctfs
100
28 Hi 28% American Chicle Co. .100 125
128
S Sixth Avenue 1945. .J-J }102 100
loo
80^ 81 Hi
97
ou Boulev 5s
1 Preferred
100
Preferred
100
Oen 4s 1034.... See Slk Exch list
So Fer 1st 5s 1919. ..A-o 5105 108
Am Ice Securities
See StkE x list
UnitRysSanFran A'eeStk Exch list
Third Avenue See Stock Exch list
Am Malting 6s 19 1 4. J-D 102 103
Wash Ry & El Co.. ..100 39 Hi 393-i American Marble
Tarry
P <fc
5s 1928 5105
IOC
00
100
YkersStRR5sl940A-O 5100
Preferred
100
90% 90 s
1st conv g 5s 1914 ..Ms
88
a
'90 Ilia's 111
28th & 29th Sts 1st 5s
4s 1951
90 < 91
J-D
1
American Nickel
1H
Ii
nly-Th'd St stk 100 398
West Chicago St ....100 40
415
45
95
V
Amer Press Assoc'n.ioo
102 H/
100 101
J-J
VCung 5s 1930. ...M-N
Deb 5a 1'JOO
Am Soda Foun com.. loo
2
4
Union Ky 1st 5s 1942 F-A 5110 112 Hi
55
01
1st preferred
loo
Weatcneat 1st 5s '43 J-J 5110
113
2d preferred
7
11
100
Li
200
American Surety
SI
Goa Securities
Am Tobacco (new) com.. 275 285
NEW YORK
BROOKLYN
Prefd
See Stock Exch list
Cent Union Gas 1st 5s... 5103 110
list
4s and os
See Stk Exch
4tlan Ave 5a 1909. .A-0 5102
Con Gas (N Y)stk. See St k Exc h list Am Typefo'rs com. ..loo
103
:ij
40
Cou 5s % 1931
A-O 113 114
Conv deb 6s ctfs &eeStk Exch list
98 luo
Preferred
loi
4
See Stock Exc h list
Amer Writing Paper.100
100 280 300
5
JMutnal Gas
E 5s 1J33..A-0 100 101 Stw Amsterdam Gas
jo
Preferred
30
o<
lyu City stock. ..lo
•241
5s 1919
1st consol 5s 1948. -J-J 5111 Hi 113
87
J..J
8ee Stock Exch list
N Y <fc East River Gas—
Arlzoi a Con Mining.. .50
29 Hi 30
-stu 5s 1908. J -J 102
1st 5s 1944
115
J-J 5113
» Mining.....
2
.3 1941 A-O
17'-.
104 105
112
Consol 5s 1945
J-J 3109
aeyA sm car ...100
22
e Slk
l.Xrj, list
N S"<fe Richmond Gas.100
efei red
LOI
e Slk
Exch list
Nor Pn 1st 5a 1027. .M-N 8105
32
•
in
Pn irred
Electro- Pneam'ic
91
NY&EE Ferry stk. 100
M
1
[erred
Philadelphia
shares
..
Tuesday...
I
IO'.
1
Boston
Listed
shares
lm
896
1
•
.
1
.
Telephone
AmerTelegA Cable
Electric
July S3
iyu5
10
27
1
Eleotric Vehicle
99'
EXCHANGES
Weekending
I
I
•
Total bonds..
-"<
1
l'i
98
i
•
110,991,350
525,727,900
II
A
Ompire Steel
(
!
1
5
I
10U
itraJ A So Amer. 100
!omraer (J d Tel N Y).
Emp A Bay state Tel LOO
LOO
Franklin
lOd
Gold A; Slock
•
I'-js, L905
Hudson River Telepn 100
\ S*«ft N J Teleph... 100
Northwestern Teleg. 60
i-aciilo <& Atlantic
26
HSouthern & Atlantic 25
•
74
7
-M'
i
Elect ric Boai
ferred
'
149,864.531
2,6
71
LOO
Mm.
lomlnioD
1
23
Con a 5s 'Mo. ...Ms
7. J
Joseph Gas 5a
&
"•
1i
Is
.
nollil
}110
;
r
111 III
M is,,.
:
til
•.
100
.
.linns' Sll
'1
,
12"
D
Sl-0
.
l
•pi
7
l
Refl'lg.
l.i'.-.v
tICruolble s eel
I
Paa Qasd
Telesrr
1905
1904
1905
&
Hta
00
67
Ry
ions
1
Poti
6a L926
>*.-
stock
angt
BO
r.D
ind C Nat
1st
11.000
H &
1
OU
lonsol Rnl
1
i
1948. ...S
1,
18
1
'li'.OOO
$10,435,000
2.681.636 $241,700,500
110
100
Lai 6a'25.J
.\in a 5s
•
No Hudson
1,40
17,200
S7.300
-:.-"'
1".:
.10(
las 6s
.
.
I'l
II
L926 k
J106
Newark Gas 6a L944.Q-J
'.M
Newark Consol <;as.. io>
n
.
...
101
•
',01s
1
40
Laray'eGaslsi 6s'2 i.M-N
Montis
.
eal 111
Ell I'M 'ks i-.in
7
i
100
<
Bonds
<
lacel
>l
<'u.
II
I
lop... ibis"
Bl
50
5a g 1037
Kansas City Gas
Laclede i. as
Preferred
Cons, .It, Car
96
60
A-o
6a 1962
1st
Railroad Ac
far value
Shares
Sim York
Compressed Air
60
•
Week ending
July S3
Industrial and
Bid
<
Jackson Gas Co
WEEKLY AND YEARLY
DAILY.
I'JVJ
;
VM)
l
I
Saturday
'
.
THE UHKONICLK.
29 L905.J
Volume
—
'
ou Stock Exchauiro. hut uul a
1)..
500
BOSTON STOCK EXCBMGE-Stock
=
rthnre l'ricen
Monday
Saturday
July 22
4
84
84*8
84'
2564
1*157
:.-,',
:..-.',
;
242
180
243
170
1*178
Thursday
July 27
Wednesday
July 26
i.j
.
1
80748074 3H7
294 804 30
t*307
.
76 1«
171
»76
|
81
311
75
170
170
75
28
75
170
126
76
170
169
125
'125
*i*25'
255
256
i57'
!
i
178
.
2
Di>
Bout on
Bonton
Boxton
179
J'ly'05
'807
J>o
Boston
&
prcf
171
prcf
&
Providence 100
Boston&Woi Elec
3
105
200
Co....
19
•81
-91
19
03
21
63
63
21
202
64
*20 4 2 Ik!
2014 201k
i
87
92
19
Vio^
*
1454 146
•81
*91
87
92
*
*
1454146
14(5
87
92
lit '<
20>4
]
I
!i'.
19
63
4
20 34
k 203
2(12
1
1
Last Sale
Last J a e
May'05 Northern N H
loo
May'05 Xorwich & Wor preflOO
207 Oht Colony
100
J'ne'05 Peio Marquette
100
J'ly'OS
Do pref....
100
J'ly'05 Rutland pref
100
J'ly'05 Savannah Elec com.. IOC
:6'? 34
I
*
.
.
'
*205
*14
*50
*97
127
*97
207
98
79
206
16
52
98
127 k
97 34
2015
•14
•49
16
51
98
128
98
98
128 14
98
9H
80
98
98
•
*14
•50
"97
207
207
98
79
207
16
'14
50
98
128 k
98
97 3,
*97
114
98
131
99
Last Hale 147
23
23
*90
22%
J,
91
63.4
91
*3 34
1174
117
"*54
200
139
139
•14
24
•12
240
9%
Wj
108
*2 34
106
70
t
31 34
107
26
108
,-25
*25
"•
31 34
101',
60
*184 20
*98
99 k
•82
85
•95 100
*-50
;
54
274
B'a
27 3
4
82ki 83
*14
2k
31 34
•25
32
32
33 34
33
100%101 34
•50
•60
18
18
99
85
100
.
5'8
•83
•95
6
5
31
'55
*8
84
660 660
*-124
23
23
f
6k
-56
72 k
14
,'78
*112
14
81
113 k
2«t
11
22 ki
44
!
if*
64
22 34
4k
23 ^
8%
9
23 4
I
!
.
•75
6k
•75
144 14 k
i
53
i
••85
33 4
I
304
84
224
64
•24
10
6%
8 34
1
4
32 ka
10 4
444
r
3 '4,
12
117
"
1 "a
*
2 J4
9
•90
2k
97k!
254
99 k
2b
14
2
1 7S
1%
74
1174
lk
4-4
10
2'4
*-60
18 34
18
31k
30\
2>4
1
18
31i4
'60
•60
8k)
655
23 14
8k,
670
22 4
2'2 7
8
*6ks
6^4
'60
l
6!-4
•58
4
8^
,24
4 '4
8k2
31 34
S-2% 33
•lO^s 10 k
44 k
44
29
3kl
12
118
14
3k
12 >*
118
1%
23
•2k 3
10k 10 34
,
11
6 34
23 34
*4!4
23
9
9 l4
"i*4i4
52->4
2 34
••62
4k
24
24
27
99
25
2
44is
3 '4
12
10
214
-75
21
23
r
2
lok
28
83 34
e-^g
'<
107
32 34
28
83 78
'58
•2 k)
*10>4
10
6 3«
2i.
30%
14
•58
•90
L08
44
8%
19
99
85
100
6
28 k
84
665
*6>«
1
26 34 27
*74 74
7»a
122% 122% 124
I
ti
14 3 ,
63
'
30
22
*-80
108
r
660
23
1
108
8 J*
6
••50
-65
'60
a\
8k,
3ks
22% 22%
«4 4
4%
23% 24 k
••'50
44
31
"83
*94
6
3
4
91.
•90
54
23
1
,
27 3
100
25 k
<
k,
2
k
107
2
7%
123
8k
44k
3k
12 14
23->4
9
'iT's
52 34
14k
53
2 34
*2k\
••30
1
27k> 28 k
99 k, 101
25
25
••65
•75
108
107
107
2ki
2
2
2
7=e
1%
127
1 34
8=s
31k
S3 Hi
10 34
45
3k
3
12
7
k
125k 125kj
414
117kH8
U=a
4k
•75
4>8
30=g
32 k
10ks
7
24<4
•90
+
11 78
4
1 76
4",
8k
8
31
32 k
33,
33=g
10
32
4 104
44 34
3%
44 7g
3%
124 12%
118
•14
34
118
1 34
34 14
240
344
102 78
19'4
19
99
'
194
Last Sale S4%
Last Sale 924
•
28 >4
6' 8
2.V4
a;32»,
Af,Ticul
pref
234
6k
85=g
195
134
May'05
J'ly'OS
84
284
J'ly'05
J'ne'05
J'ly'05
354
103k
J'ne'05
19
99k
J'ne'05
J'ne'oc
84
Mav2" I.V.I
May2
22
Apr 26 198
146
,
19 4
86
Mar'20 147
20
33 230 May 2 3
Button-Hole.. 10
55
8 4 Jan 12
222 105 Feb 24
Swift & Co
100
Torrington Class A.. 25
18 J'ly 2t
Do pref
25 May23
25 .
100
Union Cop L'd & Mg. 25
2 k May25
770 103 Apr'20
United Fruit
100
Un Shoe Mach Corp. 25 3,819 57 J'nelo
tJt>5
31 J'ue3(
Do pref
25
34J'ne 8
U S Leather
100
100 4 Jan li
Do pref
100
34 78 Jau 4
U S Rubber
100
Do pref
100
50 98% Jan 5
U S Steel Corp
100 12,549 24 7gMay22
Do pref
100 5,793 91 May22
•40
Mar30
West End Land
25
West Telep & Teleg. 100
132 16 4 J ne2o
Do pref
100
2 97 4 Jan 24
Westing El <fe Mfg.. . 50
84 Mayll
91 May I
Do pref
50
H
8',
BostonConC&G(rcts)£l
Calumet <fe Hecla. ... 25
1,287
1,812
8,847
130
200
2,480
34
1
18
70
8
May25
Apr 24
Jan
2
J'ne21
254 May i)
1
May 2
350
45
5,15b
4,71u
1,950
5,060
28
50
U
,
f
124
3eforepay't of assess'ts called in 1905. d Before pay't of assess'ts called ui 1904. *Bidandasked.
;|
Deo
Api L 624 Jan
Jan 2-5 J'ne
Nov
J'm 112
Jan 57
Jan 38
Dec
Dec
175
24
J'n,
W '-V
Oct
Api
8
23
May
'4
'4
199
Apr
Jan
Jan
Nov
Oct
Au. 163 4 Apr
Apr
J'ne 2t)7 Apr
Jiy 804 Feb
Mai 79 4 Nov
Aug 734 Dec
Jan 232
Jan
Feb
954J'ly
42
M ay
Mai
12 4
Apr
Jan
24 4 Deo
87 Dec
3
k Feb
6% Nov
9 Feb
109 Mar31
684 Jan
3
No\
4 34 J'ne
124 Jan 6 112 4 Jan
24 4 Nov
94 34 Deo
74 J'ly
30
J'ne22
Mar
149
140 4 Mar
148 Jan
7
4
40%Aprl8
Feb 27 4 Sep
122 4 Feb 152 4 Nov
122 8. Jan 141 Nov
1194 Feb 149 4 Nov
17
J'nelS
12 4-May 2
5 34
May22
May
6
Jan 20
New stock.
4
Sep
122% Dec
19*4 Not
7 4 J'n»
24% Mar 16
34 Jan lo
5 4 Jan
7 4 Deo
7
257 Apr 6 230 Feb 265 Aug
191 Janl al51 J'ne 194 Nov
45 7g J'ly 28 36 Dec 44 4 Aug
884 May 12 77 34 Mai 84% Oct
206 Apr 20 173 J'm 200 Nov
2 34 Nov
1 4 Apr
2 Jan 4
1404 Apr 2 7 118 Feb 141 Nov
3 Jan
2 4
4 Jan
4 Oct
9
8 Oct
17 J'ly
17 Jan lo
252 4 Feb 28 208 Mai 243 Nov
6 4 Jan
9 Nov
104 Feb
114 Jan 5 -c99 34 Mai 116 Oct
23 Jan 18 22 Dec 22 4 J'ly
264 Jan 16 24 4 Oct 26 Not
2
Jan
5
Oct
4 Jan 6
115 Feb 2o 95 Feb 113 J'ne
71
33
J'ly 21
J'ly 8
0kMa\
144 Jan 16
1114J'ne2t
484
1174Apr
40 4 Jan
7
4 Jan 21
22 4 Feb 6
104 Feb b
Api
•50
Deo
Nov
99 4 Deo
33 Deo
95 4 Deo
8% May
5l4Maj
38 k Apr 7
104 78 Aprl8
•67
20 4 Deo
77 Jan 103
10 34 Feb 34
J'ly 2i
•75
Jan
92
99
23 4 Nov
76 Mai 01 Deo
Mar- 9 75 4 J'nt 93 Deo
Mar20 r«0 4Aus. 100 Jan
18
Jan
6
4 J'ne
!
Mining
25
Oct
Nov
6
71
Jan 25 29 4 Apr 1
Jan 3 93 Mar 18
44 Apr 13
.
1-.
1
l
.
.
64 Adventure Con
1
Mar 974 Deo
Ma> 173 Nov
Jan 93 4 Deo
Jan 114 Dec
Jiy 174 Feb
374 J'ly 434 Deo
Mar28 143 Dee 146 4 Deo
.
22 k
f,
160
J
133 1501 J'ne
669
670
•10
Marl
10 15
J'ly'OS Catalpa (Silver)
3 Centennial
25 6,21u 16%Mar22
22 4
22 4
•64 6'4 *64
200
6 Mar 14
25
64 Central Oil
•58
-60
•58
•60
Cons Mercur Gold... 5 2,30s •30 Mar24
Last Sale io4 Jan '05 Continental Zinc
12 Jan 3
25
71=8 72 4
71
72 Copper Range Con ColOO 35,587 64 Jan 25
14
14
110 U4Mar3(,
20
14
14 Daly. West
•78
79
100
75 60 Jan 10
79
79 Dominion Coal
Last Sale 116
113 Jan lo
Do pref
100
J'ly'OS
*2 4 _2 34
J Elm River
2 May2o
12
88
2 4
24
7 Franklin
10'4 1U 34
8 Apr 29
25 1,456
10 34
s
7
74
7
74 Grauby Consolidated. 10 7,402 5 3 Jan 4
244 25k 25\
26% Greene Consolidated. 10 23,535 20 4 J'nel3
3
Jan 4
4 '4 Guanajuato Consol..
44 4>4
5 1,458
44
23
23
23 4
23 k Isle Royale (Copper). 25 2,30i> 17 4May23
6 May 2 b
9%
9
25 2,147
94
94 Mass Consol
'75
•75
•75
Mayflower
•80
25
70u •70 J'ne27
s Michigan
14 34
25 1,850 10 4 Jan 9
14%
144
14
48 May 1
53
53
25 2,85
534
534 Mohawk
2
J'ly 6
27
24
2 34 Montana Coal & Coke 25 2,00i
,
75 May 2;*-80
1
25
220
Old Colony
1
25 5,606 23 4 May 1
28 k
Old Dominion
28%
28%
28 k
25 3,730 AS Feb 9
lOO'i 1014 101
101 Osceola
25 4 25 k
254
25 k Parrott(Silv& Copp) lo 1,086 22 J'nel2
••65
75
•75
150 50 J'ne22
25
•75
Phoenix Consol
95 May 4
25
25;
L07
107
107
103 Quincy
14 May 1
25 5,17o
2
24
3 3 e Bhode Island
2%
14 May 8
835
2
2
2
24b Santa Fe(Gold& Cop) 10
6% Feb 6
10 3,314
74 7»„
74
7% Shannon
May'28
25
olib 101
Tamarack
125
125
125
126
2
Feb 3
25 14,650
44 5%
54
7 34 recumseh
7 J'ne2(i
24 8
LastSale 24\ J'ne'05 Tennessee..... ....... 25
7% Jan 2b
25 2,245
84 84
84
8 k Trinity
9 Mario
100 19,305
32
32 V
314
81% United Copper
UnitedStates Mining 25 21,099 21 Jan 25
33 4 3 1
33 34
34
3
3
9 4 Apr 6
10 4 10 4
Unit States Coal &Oil 25 1,475
5 6,002 39% Mar 4
45
45 k
45 4
45 7a Utah Con (Gold)
2
MaylO
25 1,816
Victoria
34 3 k 3 l3 l«
44
9 4May22
25 2,545
12 34
12 34 Winona
124
105 Jan 4
25
185
118 L18 •117
Wolverine
14J'nel2
25 1,615
1=6
1=«
1 34
24 Wyandot
2 2 1-4
Jilt.
181)
232 .Ian 24 233
52 205 4 Jan 5 212
!'>
Jan !< 102 J'.-ij i 74
Feb
77 J'ne27 87
68
50 Apr 18 72 Jan 19 29
.Ma CM
15 Jan 18 17
10 50 Jan 5 55 78 Aprl>- 40
20 03 4 J an 9 1004 Feb 2a 87-4
4,990 118 Jan 6 1374 Feb2!
71%
49 06 May 1 101=8 Feb 20 86 '4
172 Jan 18 175 Mai
160
367 93 Jan
100 J'ly 2
89
112 Jan 3 1174Apr2
108
16 4
21 4 Jan 2
25 Feb 23
100
'
84
670 670
LastSale
19 167*4
.
25
28 Allouez
83 4
84 Amalgamated CopperlOO
Last Sale 11
Feb'o5 Amer Gold Dredging 6
10
10
10 Am Zinc Lead & Sm. 25
Anaconda
25
27k 27 k
2% 2 k:
2* Arcadian
25
24
•75
•75
•80
•85
Arnold
25
18
18
25
18
18^ Atlantio
31
31% 314
314 Bingham Con Min<&S 50
•60
•60
•60
•62 k Bonanza (Dev Co)... 10
8
J'ne 154
L36
1
Jan 17
1,857 1304 May23
71 1 32 May22
1,03! 137
May23
2,006 21 Jan 23
457 924 Jan 8
3 4 Marl:Boston Land
10
2( 116% J'ly 25
Cuuiberl Telep & Tel 100
1'25 17
Jan 24
Dominion iron & St
450
East Boston Land
5 4 J'ly
Edison Elec Ilium. ..100
101 x242 J'ly 15
35 1694Mav2-2
General Electric
100
Mass'chusetts(iasCoslOO 2,137 384 Jan 6
702 30 4 Jan lo
Do pref
100
12i US5kJ'ne2l
Mergenthaler Lino.. 100
1
Feb 6
Mexican Telephone.. 1(,
372 134 Feb 17
N E Telephone
1 00
1
Feb2l
PlantComt'ststkcomlOO
10 Jan 6
Do pref
100
83 3 8
6ks
Jan
'•_
£iu;4J'nt 127
1
Chem.100 1,105
PullmanCo
241
f
1
141
243 34
175
45 \
Mar 11
276
133
24 4
73
20 36 Jan 1 93 J*ne2l
175 Jan 24 L854J'nel
70
6!0 134 Feb 11 23 a pi
11 4
2,066 55 '4 Pell
7()4Mar30 52 \
55 l'.l'»4 May
25 4 Mar 14
5
301 195 \ May23 211 April 1 85 4
165
.
Apr 174 Oct
Feb J'J3 4 Deo
Mar2
82 b Apr 13
it
!
U Nor
Dee
55
Deo
1
Mai 242 4 Nov
Am 175 4 Deo
'
460
310
11
Feb
35
.lanl3 182
J
89 4 Not
1 1)
J'lx 254
1
100
<
17
17
94 Reece
Last Sale 40
•
Highest
Ma:
Jan
9
1
7
32
10214 102 34
•60
71
74 34
714 73
71k 72»4
*13 34 14
*13 34 14
13 34 14
•78
81
79
79
•78k 80
112 113k '113 113k> •112 113k
•90
V
18
30 34
-58
•56
••65
•l'Sia
,
2
24
••65
661
660
2
••85
24% 24%
•
'10
1
*-50
53
26 ki 27 k
98 4 99
t
241
•9k, 10
*107 34l08k
•20 .
240
33 34
102 k)
Ilk
8
28
14
52
*2 4
7
82Sa 83
28
,
85
100
27 34
184
17%
-64
134
Do
93% Mar
104 4 J'ue'28
Jan
132
Feb
Jan 4 189 84 Mar2."
86
L 60 4 Jan 19 165 k Aprl7
285 Jan 12 _05
Feb
05 42 Jan 3 118 Marl 5
59 4 Jan 16 85 J'ly
Amer Pneu Serv
50
Do pref
50
27k
140 k Amer Sugar Uelin
100
139
Do pre!
100
138 3 Amer Telep & Teleg. 100
38 H Amer Woolen
100
103 k
Do prel
100
90 k
J'ly'05
I3g
Last Sale i3k
Last Sale 7ii4
Last Sale 4S>4.
'.Hi
17
'70
•56
243 34
173
45
85 4
195
2 k Last Sale 24a
Last Sale 13
14
32
32
109 34 100%
33 34 34%
33=8
101% 102
101 ki
*-50
••50
60
20
•IS
18
2 l4
I
64
,
135
•
"22 4
l
lk Last sale
240
*9k 10
108 108
20
18
•25
26
32
Ilk
4
6
243 34 2 43 J4
173 174k
44=8 •44k 45
35 k 85 k
85 k
198 •195 196
240
26
2
*«60
*-50
*1>8
•12
9k
26
•10
30 3
2k
5^
244
175
138
138
9k
107 k *107k> 108 k
2%
1
138
•Iks
9k!
Ilk
17
1'4
*12
14
239k! 240
2
••60
%
194
14
138
•10
s
200
200
US 3
23k Amer
4
1034
Last Sale 4\
J'ne'05
37
1
53 12
Miscellaneous
107
108 4
*
20
Last Sale 26
J'ne'05
*24 3 k
3k
3k
3k •2k2 3 k
34
*2kj
•2ki
3^
105'34 10.6
106
105 k 106
106 106 k 105 k 106
1064 1064
68
69
69
63
70^
68
69
69 k
68 34
68
68 34
32% 33 34
101
44 5g
85 ka
454 45*4
85% 85 k?
14
240
9k?
5%
*5k2
140
139
138 34
;,
*3 78
243 34 244
243
174 174 k •173
139
•14
*12
240
14
240
Ik
139
%
138 kj 138 k
139 139 '4
36k 36 34
103 103 14
Apr '05 Woic Nash& Roch..lOO
•234
90 4
•64
27 4
116 117
*22ki 23k.
27 k
B 1.88
23
91
•6 34
7
27 k 27k
139 139
139 139
13S 34 139
36=8 37 k
102 4 103 ki
116k 116 117
*224 23 k 22 34 22 34
21
5 34
**H4
90
6 34
11688
243 k
174
45
85 3 <
200
t
22 34
138 7
•3%
"*5 4
854
201
27 k
139
139
•1374 138 4
139% 138 34 139 4
37 34
37 k
37
1034 103 1034
243
174
45
85 k!
5 34
6 34
27>o
13*8 78
117 34
'117
24
lk
"14
[
*3%
45
85 4
*y
139
138 34
37 '4
102
244
176
*174
45
,
137 3
6 34
6 34
22 34
92
22k»
*90
92
91
6 78
28
4 138 k
28
•28
28 k
188 138
139
139
138 34 139M
374 38
103 113 k
*224 23 Hi
23
91
6%
6 34
Seattle Electric
Do pref
Union Pacific
Do pref
100
100
100
'g
loo
J'ly '05 Vermont & Mass
100
West End St
99
50
Do prel'
50
Last Hale 2^>8 Mar'05 Wisconsin Central... 100
Last sat 43 k Dec'04
Do prel
100
98 k 98 k
114
•98
ys
78 7s
n:
15
•50 ....
•50
•97
7 129 3
130
128 8
4
3
*98
98 4
99
Last Sale 174
99 100
99
114 114 •114
16
50
*97
128
98
98
"206
207
Last .sale
Last .Sate
Last .i
Last Hale
....
1284128%
98
114
114
207
98
79
*
Lo west
Highest
64
88
261
Apr 4 239 34
£137
1584 Apr 28
.MO
Man 1. 280
185 4 Mat 11 158
Jan 1; 175 Apr
166
JaDlS 310 Apr2 295
134 Jan
634 Jan
266 150
1
1
140
•84
Lowest
680 774May20
"'
74 994 Jan
102 254 Jan 3
127 zlSl Jan 2;
22 r>\\ May 2'
10 zi72 J'ne :
Santa FelOO
100
100
<fe Albany
100
Elevated
100
& Lowill
100
& Maine
AtcliTop
167*, Boston
242
....
.
29k
256
2 12
101 Previoul
Year (1904)
Week
Shares
"75"
75
75 k
Do pre!
170
171
171
Chic Juno By & Us riOO
126
26
126
Do pref
100
Last .sale 7S7k- J'ly'05 ConA Mont class 4. .100
Last 8 (i
165
J'ne'05 Conn &, Pass Itiv prufioo
Last Sa If
Mar'05 Connecticut Kiver...l00
•146 147
16*3
161 Pltchourg on
urn
15 4 146
Last .Sale Si
-84 4 87
J'ly'05 9a By & Electric... 100
:,i
:a
91
91
Do pre!
92
100
Last .Sale /',5 k J'ne'05 Maine. Central
100
'17 4
17 34 18'4
100
17ki 17
19
Mass Electric Cos
i-ui.j
2 ',
61
59
6234
giw,
Do prei
100
"21 l4
"20 4 21k
22 U Mexican Central
loo
N V N H & Halt.. ..100
202 202k 202*" 202
202k 203
75
171)
75 k
7.")
170
'807
*28
R{;3,
102»4
,
Uange
year
lor
1905
the
K.-iili-oadn
-i;-.,
102k
7t
01
EXCHANGE
8 5 .i)
102',
l"'
Mange
Sales
BOSTON STOCK
Friday
July 28
st -salt 174
/, 11
....
I
STOCKS
I'rices
*S5
85
85 >s 85 V
85
102
1024 '1024 Ki2'i 102 ig
'255', •255
255 255 k 2.',.",k
157*4
15 7 k 167% 167 4 15734
'242
'242
242
243
2 2
'178
180
L78
178 18U
7
1024
v
i.v.' H ].'.7-v
•j
1.07',
•242
M
Centum
l*er
Tuesday
July 25
July 21
41024 102
KV2
•255
— Not
Weekly and Yearly
Record, Daily,
11
7%Nov
Aut
•75
21 Nov
82% Deo
75 Mar
Mar
1
8 Feb 14 Oct
Feb 29 34 Nov
31 4 Apr 12 15%
25 Feb
3 Nor
2 k J'ly 2.
J'ly
1", Feb 23 •20
14 Nor
3 Marl 8
18 4
7 Feb 224 Nor
7 Apr 17
19 Mai 38 3» Nor
35
•3a
Marl5 39 Maj l 3 la Nor
6 Oct
7 7e Nor
8% MaylO
695 Feb 20 135 Jan 700 Nor
28 4 J'ly 2b
89% AplT4
(<3 3 la
Mai
43
05
Api
1
Feb
,
•15
Alar
1
•25
Nor
Jan 4 d 14 4 Feb t32 34 Nov
6 78 J'ly 10 May
8k Janlb
75 Majli •20 J'ly •75 Jan
3 Jan 2b
7 4 Apr
14 Oct
15 4
26
83 Mar 14 38 Feb 744 Nor
10 34 Aug 36 Jan
18 4F"ebl5
40 J'ne 72 Jan
86 34 Mar31
103 J'ly 116 Not
117 Mar25
1% J'ne 4 Nor
34 Jan 18
7 J'ne 15 4 Nor
12 4 J an 16
74
2% Mar 514s Not
Oct 34 4 Deo
4 Feb 5 Deo
6 4May 354 Nor
J'ly 27
30 14 Apr 10
20
Aprl8
Jan 17
62
'
l
4
28*4
3 Feb t9 % Dec
J'ly
2 Nor
34 J'ne 114 Deo
34 4 Feb 57 4 Nor
6 3i Aug
24 Jan
134Marl8 d
14Ja.nl;.
15 34 Marls
56
5
4.Mar b
4 Jan lb
14 Jan
18
28 k Jan 3
103 Marl4
30 4 Apr lb
3
'4
118
Jau 14
Jan 17
•45
•50
J'nt
9 4 Feb
53 F'eb
2u 34 Feb
((•50
Aug
80
Feb
May
3% J'ly 28
•50
Jau IS
Jan 3
Marl 4
85
May
J'ly 28
•25
Jan 10
34
J'ne
No v
3
9
140
73
,
35
13% Feb
1
3234 J'ly 20
34 J'ly 27
Jan
1 4 J'ne
3
3 34
6
18
5
8
46 k J ne22
6
Jan 13
15 4 Feb 21
30
II84
4
2
5
Aut:
Mar
Mai
Jan
Jan
4
Jan
4 J'ne
2
4 Nov
29 4 Deo
Nov
334 Nov
t5 Nor
125 Nor
3 Not
3 4 Nor
10 3 i Nov
140 Nov
44 Nor
434 Deo
18 4 Nor
Mar
6
98
28 34 Deo
12 34 Nor
47 Nor
6% Ncr
Feb 13% Nor
Feb 16 6'J Jan 110 Nor
Nor
F'eb t3
2 78 Feb 21 50
fAss'tpaid. * Ex-rights. aEx-Oiv.& rights
L20
6
July
29
19<>5.
BUMW
Am
Am
II
Tel ooll
B
96
s»
io2'b
97
112S)
112»s....
102 •«
101
102>4
103 V
105 a«
140
140
1013s sak
1st 6s.. 1933
1st 6s
1933
coll tr 4s 1921
nn '03
Dac'04
—
.11 v '05
j'lv'o:.
99 V 99 h
129
J'lie'06
—
Mav'HS
2
Notk— Buyer pays acorue<t interest in addition
Monaau
94
3
.
90
81
109
101
109
100
101->4
1013»
104
'a
99
08 Si
94 Hi 94 Sj
105
104 Si
101
purchase price
104U
A-O
A-O
A-0
102
No
Boston Bonds.
S»
i„
B
N'.iv'lli
J'ly '05
25
ACTIVE STOCKS
jj
FA
97
101
102
Si
98
101
Si
TlluT8aay
July 27
(For Bonds and Inactive
J-tiday
Mar'05
25
25
07
101
07
',
'a
1
04
98
101
101
102 «g 103
10334 103»4
106 106Si
1
J'ly '05
J-J
1102'e I02' s
124 4 125 Si
1O3SS103S)
;,
97 100
104Sll06 s4
TlO'jis
latest bid
and asked.
102 Si 102 Si
10634 106'4.
15 103
103
105
1191
103
91
Si
Si
Ul^lllV
Flat price.
1j
Weekly, Yearly
Daily,
Range
Jtangc tor Year
19U5
the
106"„
1118Si1|138
107 Si 111 Si
1)92t»i:y7"8
tor J^revioui-
Year(l!HJ4)
Week
Stocks see below)
July 28
lovi Si
"70«ill77*"
102^ J'ly '06
103«4 Apr '05
106 U Feb '05
100 Dec '04
100 Dec '04
Si
A-O
Sales
of
'4
98>a
94»<
75 J'ue'o::
102 Si Au«'04
A-O
A-0
A-0
Exchanges—Stock Record,
'4
105
106Sj
ii;\ Nov'lll
jj
;
nihi.j
Si
Si
7l> :,4
J'ly
J'ly
price Friday
..,
102
si
Sep '01
102>4 May'05
11s Ma> '04
"76" "79"
J.J
101
lol'i J'ly'.
100
1 20
J-J
1st 6s
for all
,
97
98
103
1 04
:,
101 58
1
in,-
J'jj '08
9
MS
Apr'05
Wednesaay
July 26
98
MS
J'ly '05
to the
1
1
Contain I'rices
I'er
lucsaau
July 2o
July 24
V
1
Hiuh.
loisi
L02»a
1.1V1" iii'i'si
1
Philadelphia and Baltimore Stock
Shnre Prices— Not
129
1
n/ 2
",/
'i
ion
LOO
1906 J.J
104*4 J'ne'04
1924 FA
Old Colony gold 4s
1102'8 Jan 'OB
Oreg Ky <fc Nav con g 4a.. 1940 J-D
106 's 108
1922 FA
125 Si Mar'06
Oreg Sh Line 1st g 6s
103 Sj Apr'u6
99 Si 100 s, Repub Valley 1st 8 I 6s. ..1919 J-J 103
120 Si 126 Si Rutland 1st con gen 4 Sis. 1941 J.J
126 126
Rutland-Canadian 1st 4sl949 J-J
102 Mai '02
99>< 99a« 99»8 J'ly '05
108 108 Si Savannah Elec 1st cons 5s.l 952 J.J
1930 FA 105 Si 106 Si 1063„ IO6S1
108 >4 109 V. Seattle Klec 1st g 5s
Torriugton 1st g 5s
1918
107 Feb '03
Union Pac RR& grg4s.l947 J.J
W5Sj J'ly '05
101
1911 M-N
102 Si
1st henconv 4«
126 8 J'ne'05
98 100
United Fruit conv gen 6s. 1911
109 111>2 109 J'ne'05
1073. 109 Si U S Steel Corp 10-60 yr 5s. 1963 M-N
9434 J'ly '05
1915 F-A 102 4 Safe" 102 Si 102 Si
102 s, 103 S< West End Street Ry 4s
1914 M-S 105 34 Sale 105 U
iosvio:jv
Gold4Sis
105 •«
105 34 106
1916 M-N
Gold debenture 4s
102 34 Apr '03
139 14o«g
Gold 48
1917 F-A 102 Si
103 h) May'05
139 140 S. Western Teleph <fe Tel 5s. 1932 J-J 104'« Sale 104 34 105
98 101«8 Wisconsin Cent 1st gen 4si 949 J-J
U91 Jau'05
98 101V Wisconsin Valley 1st 7s. .1909 J-J 109 Si.
Ills. Apr '06
e J'ly '05
ioiv
1921
inc.oino 6s
/fl
1
MS
MS
1984
1984
N YAN"Engl8t7s""!!!.'l905
7
V
1
1
99 »g
95 Sj 96»s
103SsApr'06
105 V May'05
101
lODSj 102*4
J'ne'01
140
140
B gen 4a
1,
J
l02SjApr'i'6
93 J'ne'06
109 Sj Mar'05
102 V 102 V
100
A
CM A
i
-;
High
LOOSs J'ly '06
101
101 "a
128 "a J'nc 01
101
H'l Si J'ly 'of,
I07>s los'.. 108
J'ly '06
1 23
1 2 I
L24
24
.
H,t FtSmldgr 1st 7s. ..1906
Maine Cent cons 1st 7a.. .1912
Cons 1st 4s
1912
Mum Hough it out 1st 68.1926
Mexican Central cons 4s. .1911
Jan 1939
1st cons 1110 3s
Jan 1939
2d cons inc 3s
Mich Telep cons 5s tr ree. 1020
Minue Gen Elec con g 5s 1929
1929
New Eng Cot Yarn 5s
1906
New EngTeleph 6s
1907
6s
1908
6s
.1915
58
..
.
112V Jau'03
102
99
1 1 1
Assented
105 J'ne'01
100 Si 100 Si
106 s. Dec '02
99 \ Apr '05
96
1
'
last Salt
lol
kan C A M By <V Bl 1st 581929 A-O
Kan CSt Jo.t C H 1st 7s. .1907 J-J
lodsjioevj 107 S3 107 Ss
99'< 100
100
100
126s4....
126 "a Mai '06
34....
Feb •()'.
126
125
109
108 Mar'05
109
109 .... 109
109s4Mar'02
Mo V
Saturday
Jul* 22
I
or
101 •«h Sale
.
1
Kan
101\ Apr '05
.
ibo'sj
W
A-
.
10a uoi v
94 "4
Ill's J'ly '05
90 119
87
100 Sep (M
109
Rap<fc
1st 4s... 1946
Dominion Coal 1st 6s
1913
gold 6s
Eastern 1st
1906
Fltehburx 4s
1916
1927
4s
Unstamped
100
129
129
87 V Sale
W
FreintElk
S3
'.19',,
128
Nebraska Exten 4s
1927
1921
B<* S\VsI4s
Illinois Pit 3 Si«
1949
Joint bonds M-««t Northern
Cine Jo Ry <Ss Stk Yds 5s. 1916
Coll trust refunding g 4sl940
Ch Mil* StPDubD 6s.. 1920
Ch M <ft St P Wis V div 6sl»20
Chic A No Mich 1st gu 5s. 1931
Cine &
Mich gen 5s. ...1921
Concord A Mont cons 4S..192U
Conn A- Pass R 1st g 4s. ..1943
Current Hirer 1st 5s
1927
Qt Nor C B<fcO.
Registered 4s
2
1
102 >9
ins.
extend 4s. mo".
Iowa Div 1st 5s
1919
1919
Iowa Div 1st 4s
1913
Debenture 5s
1922
Denver Kxteu 4s
DetGr
1
....
99"s....
g4a..Mayl920
1st
&g
lo;
Feb 'hi
104 Si Apr'oo
117
Feb '04
99 7s Jan '02
101
Har'03
—
Chic Burl
Illinois Steel dclion 6s. ...1910 J-J
Noli -eonvei t ileben 58.
1913 A-0
1.1
.iiis.v 9ions v' Lai 7a.. 1017 A O
A spr 1st 58.. 192.1 A-O
Kan c
Hani' Kt S A Gull lsl 78..1908 J-l)
Kan C Fl Scott
1928 Nl-N
M 88
07-\
ids
L10
i
Cent Yermt
VI
Lonpt
itk's
Ask Low
Hi,i
II
S»6V
J'ly'05
107
103*4 J'ly '03
96 J'ly '05
iu';;"v
1
11
Range
trulav
July »8
Low High
90H
Salts
96
«!< lanuuru
iTice
BOSTON stuck EXCH'QE ^J
WEEK lsoiN.i Jlly 28
since
S"g
High
Bid
Ask Loir
99 Tg
99'8 '*»le
1908
48.1939
Nebraska let 7«.. 1908
AU'inv
Ateii Top it S t e gen g 4s.. 1995
My 1995
Adjustment s 4»
Boston Elect Light lstOs.1908
1924
i 'on so
Da
1907
Boston a- Lowell 4s
1944
Boston A- Maine 4Si8
1906
Improvement 4s....
Best Jfe Mon 3d issue 7s... 1904
Boston Termninl 1st 8*08.1947
1918
Bur it Mo Riv ex 6s
N on exempt 6s
1918
1910
sinking limit 4s
1917
Butte it Boston 1st 6s
Cedar Rap<te Mo R 1st 7s. 1910
1909
2d 7s
a-
Rant/4 or
J.ast Sale
Juli/ 99
Telephone 4s
Hell
501
BONDS
Rang*
Price
itK EROOie July 28
Teiep
J
J
4
7
1
Boston Bond Record.
BOSTON STOCK t.XOH'GK
s\
'
!
Lowest
Shares
Highest
Lowest
Highest
Itiiitiiuore
"83
*SoSi 85
Si 100
25
100
25
25
101
24»4 24T8
26
24
Si
24 34
24»4
54
64
*13
•53S4
*5;|34
64
13 Si 13
•61
62
27 Si 27a»-
•WS
*51
52
27 14 27 s,
H«t
llSi
12Si
llSi
16
103
62
16>4
103
61*4
61 »*
43^
S 7«
8 7e
27\ 27^
60»ie 61 S3
•46Si 47
46
CO
46
60
96>4
27 s»
95^
n<%
15
16
46>s
60
60
95 H 95 »4
PU1I.AIJEI.PH1A
13
51si
273s
11»S
6H4
27^
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. loo
Preferred
100
CousolTrac Pitts
50
Preferred
60
16
16
61 34
62
7o» lo :oii 1 6
7O3b 70I!,„
70»B
43^
43^
S's
*8»4
43 '4
8*4
43
Si
8\
43
8*4
27
2/Si
27
61
*47
61'4
47 Si
46
60 14
95 x<
Sl^ie
•47^4
*
60
'4
94 h
Si
27
Klec Storage Batt....l0O
Pref err ed
100
Germamoirn Paas
50
H amaon Bros pref.
. .
Indianapolis 8t
Indiana Union Tr
In-iirance Co of
N
6'4
:l
l
4
s.
"s
80
26>4
InterSm Pow&Cheiu.60
83
25Si
Key«toueWatchCa«e.lOO
10
61
& Schorl H..60
K Haven Iron
Steel.
<fc
Koitbern Central
50
North Pennsylvania. .50
Penii»ylvania Salt
60
Pennsylvania Steel. .100
P.etened
100
Phila«-„(PitUj pref.. .60
Phil iininau<fc Norrts.60
PlnU Ti atriou
50
Railways General
10
fcim<l"eh
|
rou
4
aieei
..W-vrat^r Steel...
Pt- lerr.-d
65
lSi
it.
_*'" -fireo
n\
\s
..1
•
,
1:
98
99
48
48 Si
15m
160
7 100
99 S
1
*
i'-ui
an
3
4
iu
Hj
14
50
-ry* 8ea8h.&0
•
t
60
46Si
60^
95
953e
1
4
Bid
P<fe
Berg&EBrwlst6s'21J-J
Bethlo Steel 6s 1998. Q-F
Che & D Can 1st 6s '16 J-J
Choc A Me 1st 5s 1949 J-J
Ch Ok & G gen 5e '19 J-J
Ry 1st con
ConM
90
4s 2003. M-N
5s 1930
N V l'h Ac No 1st 4s '39 JJ
Income 4a 1989... M-N
No< )hloTrao couOs' 1 y .J -)
No l'l-uu 1st 4s '36.. M N
Penn gen Os c 1910..Var
Consul 5s c 1919... Var
Penn <t Md Steel eon >,Pa Ac N Y Can 7s 'Oli.J-ii
Con 6s 1939
A-O
A-O
Coil in 1939
Penn Steel 1st 5s '17 M-N
People I Tr tr certs In '48
PCol«t.t ix, tr5i'4'i M s
CouA col lr6l 1951 M-N
Phil Klec if',id tiii.ii cits
Trust cert if a 4s
I
4Si
01
6
Si
asKed prices; no sales ou Una
ilay.
*.
fci -right..
,
11
12
150
Si
M
i'2'6" 12l""
48
[
W&
Rochester
108«b 109
101
'4
101
Si
107
87%
66
89
66 '4
Apr 24
J'ue
3
H3I4
M
Ry con 5s 1930
Roch Ry& L con 5s '54 J-J
U Trac Ind gen 5s'19.J-J
Un Rys Tr ctla 4s'49J<feJ
U Trac Pit gen 5s '97 J-J
Welsbach s t 5s 1930. J-D
WUts-B G4E con5s'55J J
BALTIMORE
Innctive Stock*
100
\ hui Coast Line RR 100
Allan Coast L (Conn)lOO
Canton Co
loo
Georgia Sou <fe Fla...l00
1st pref
loo
2d pref
100
G.B-8 Brewing
loo
M t Vernon Cot Duck
1
Feb2b 28
AHA Ch 1st
Atluu C
A
118
Si
-
1
75
774
8
10
12
9
ib'-Js,
0.1
i'1'9"
1st Usui I'll A-O
Trac 1st 5s.. 'JO M.N
111
No Bolt Div 6a
1942 J-D
unvBTttblc 6«.'06M-N
•
-
104 Si
102S. 102 »,
117
11 1
"SB"
in
1
IOC*
94
I'
7'.'
»7'flU pfttlt
Si
in'i
Kxl
R#oon5«1032
.V;
'»15pauL
I
in
1
)•
.',•«.
10.12
.louaid.
.m..n
MS
|
108>4
in
1
1
51
Oot
•26 as
Deo
Nov
11^4
14SiNov
'ly
Aug 44 Si Nov
33'4 Feb
69
||
l
1
19 34 Oct
Jan 17
12
Bid
106
94
118
114
113
1910 A-O
2d 7s
Clty&Sublst58..'22 J-D
Oity<fc Sub(Was)lst 6s'48
Coal & I Ry 1st 5s'20F-A
.
B
5s 1926.... J J
Pitt Uu Trac 5s 1997 .J J
Poto Val 1st 5s 1941..JJ
shv Fla & West 6s '34 A-O
Seaboard L 4h I960 A-O
Seal, it Roan 5« 1026. J-J
.-.out
ii
1.1
in
Deo
2 78
llALTLHOltfi
Series
'g
Mar 4 Si Nov
5578 Mai 70 Dec
37=8 May 43"8 Oct
5 May 10 7 b Deo
8 Jan 19 Nov
19 Hi Mai 4l 4Deo
38 Mar 46 Dec
28 Mar •'2 Si Dec
45»4 Jau
9 4 Deo
18
HI
May 108 Deo
Jan 17
Maris
Bound 1st 5s. .A-O
LsfePl»t4Sia'29M-N
1 1
ttyJb Kl lit la'49
M-8
) "
lnc;.me4s 1949
Vo Mid lsi Ra L906..M-S
M v
2d series Us loll
3d lerte* 6m ioni...M-s
J'ne
Ask
96
114
107 Si IOoSj
108
109
115
108^4 108 Si
11514 116 S3
111
IllSl
IIH3
111
122»4 123
114
61
Si
29
103
114
119
115
62
31
84
84 14.
90
92 Si
ib'o"
110
ua
lis
112
114
111
90
11J
112
00
ua
ii"
97
-j
.
.--',
MIJSj
111)34
.
LVfii
121
102
119
101
11 2
15 i« Dec'
Feb
.
105
117
108
A
20
.
10H
104
L RB4»1«62M-.
(
Bait
Ball
4
5 Si J
126 34 126 Si Col&Grnv 1st 68.1916.) -J
104
102
ConsolGaa 6s.. .1910 J-D
1939 J-D
5s
100
Ga& Ala 1st con 5s '45 J.
97
Ga Car & N 1 st 5s g "29 J-J
85
85 Si Georgia P 1st 6s. "22 J-J
113%
GaSo<& Fla 1st 5s 1945J-J
63
G-B-SBrew 3-4s 1951M-S
2d income 5s 1961 .M-N
Knox v Trac 1st 5s "28A-0
LakeR El lstgu5s'42M-S
Met.SHWash)l8t5s'25FA
65
55
Mt Ver Cot Duck 1st 5s.
95
90
Incomes
150
Npt N<fcO P 1st 5s'38 M.N
160
General 6s.. ..1941 M-S
426 440
Norfolk St 1st 5s '44 .1
94
96
North Ceut4 Sis 1926 A-O
36
84
J-.l
Series A 5s 192(1
98 100
BaltCPaaslstSs'll M-N
Halt Fiiinlg 68.1916 M-N
Bxohange8Sia r.uoj-J
Si
7J
&
&A
111 3, 112
106
Dec
86
43 J'nt
18 S3 May
4
a
Pot 5s
7... 1907 J-
:oasl L( Cl)ct Is 5s J
Ctfs of inilebi is
J-J
5-20 yr4s ltfVS
J-J
1 1
Jan
J'ne lU9SiDeo
Chaa City Ry 1st 5s "23 J-J
El 5s '99 M-S
Chas Ry G
Charl C
ext 6s. '09 J J
Itoiidn
ii.-i'usiiii ,v
\
5*4
1
Ask
Bid
Atlanta* Charlotte. .100
117
126
150 34 152
Apr
28 Si J'ly 28
6.IJ25 65>3 19 May 2 2 73 >4
3.992 40^4 Jan 25 48 S2 Miir27
2,947
J'ne 5 12 Hi Apr 2 7
8
1.0,5 U7<*4 Jan 4 }36 Apr 1
18,844 39=8 Jan \'i> 54-ha J'ly 7
15 45 May 20 47 Feb ISO 42 Jan 9 47 34 J'ly 10
959 58sj Mar 9 63 MuylO
2,600 90 J'ne 6 125^ Apr 18
5 g '20. A-O
Pref
54Si
:
20
Si
5 J4 J'ne
673
12»s Feb 20
117
17 U Jan 27
200
49 Jan 26
267 14 Si Ma>24 25 \t Mar 4
363 100 Si J'ly 3 LlOSi Feb 1
1,2^6 52 Sa Jan 9 70 Feb 25
Ala Cons CoaluE Iiou.100
I09 l4
57
71
J'ne30
90 si J'ly
57 J'ly 10
18 Mar 3
48 Jan 3
24 34 May 2 2
lOSi Jan 25
10 Jan 9
38 S, J'ne2o
15,882
Apr 13
Feb 24
26 78
21
257
35
6s g 1911.. ..J-D
4s g '47.A-0
Con
of '82 4s '37.J-J
Terminal 5s gl941.y-F
P
B col tr 4s '21.J-J
Ex Imp
N
J-I)
J-IJ
get
Si Jan 16
S3 Mar2B
47*6 Jan 24
1,124
Gen M 4s g 1920. .A&O
Ph & Read 2d 5s '33. A-O 124
Con M 7s 1911
J-D 117
M
Indianapolis Ky 4s. 1933
Interstate 4s 1943 ..F-A
Lehigh Nav 4Si8 '14.Q-J
RRs 4s g
1914. Q-F
Gen M4\sg. 1924. Q-F
Leh V C let 5s g "33.. J J
Leh ext 4s 1st 1948. J-D
2d 7s 1910
M-S
E
Mayl6 90
May25 L10
83
99
52
PHILADELPHIA
Ask
Leh V Traclst4s'29.J-l>
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48
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Si
521
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Annuity 6s
3
101
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Tonopah Mining ofNevl
13»4
L nncl .\ J HH4C..100
269
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27
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43
FH1I.AUE1.PHIA
Col St
16S1
00
100
100
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Philadelphia
61
61 !4 American Bailways.... 50
27*e 28 Si Cambria Steel
50
11=8 ll 5s Kiectric Co of America 10
12 Si 12 Si Gen Asphalt tr ctfs ....100
43 34 44
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100
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100
•TOS^IOS L,eiugh C & Nav tr ctfs. 50
62
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50
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50
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52I4 52 a io Reading
50
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50
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100
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10
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112
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110
111
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Si
THE CHRONICLE.
502
Vol. lxxxi
[nvtstmmt and Railroad Intjelligjewte*
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from .Suly 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent page.
period.
Qtom Larninys
Latest
ROADS
Inly
to
Latest Date
Current
Year
Month
Previous
Year
KOADS
53,393
50,528
or
Week
Month
102,126
118,754
I
2,503,773 2,416,9«(>
66,27
94,665
1,358.041 1,285,092
34,66
36.631
1,424,023 1,426,750
39.12
37,280
Inc. 24,897
Inc
61,154
107,682
102,779
33,53
3dwk July
32,008
Ann Arbor
5,845,260 5,338,483 62,495,233 63,053,732
Atoh Top &S Fe. May
290,18fc
274,176 3,388,375 3,251,020
Atlanta & Char.. May
619,244
919.33
81,546
54,71
Atlantic <fe Blr... May
2,002,103 1,822,735 20,170,164 18,780,784
Atl Coast Line... May
152,494
150,438
15,204
16,441
Bait A Ann S L.. May
June
5,768.103 5,381,89 67,689,997 65,071,080
Bait & Ohio
1,907,05.} 1,858,990
189, 373
150,33
Bangor & Aroost May
66,401
56.941
5,634
4,653
Bellefonte Cent') June..._.
37.291
37,958
2.841
2,933
Bridgt & Saoo R. April
439,776
501,749
BuilRoch& Pitt* 3dwk July 1S7.289 146,592
881,737
104,34s
84,332 1.028,886
Builalo ASusq... May
June
149,516 138,130 1,541.199 1,470.969
_
Cal North w'n
195,600
268,400
92,900
67.700
Canadian North.. 3dwk July
Canadian Pacific 3dwk July 1.015.000 959,000 3,042,000 2,948,000
606,550
513,700
210,800 174,800
Cent'l of Georgia 3dwk July
2,113,292 1,924,915 20.673,526 19,795,680
Cent'l of N Jersey May
6,874
7,618
2,674
2,965
Chattan South'n. 3dwk July
1,802,480 1,617.942 18,377,815 17,559,808
Chesap &Ohio... May
10.469,684
May
852,282 842,928 10,880,934
Ohio & Alton Ry.
403,010
343,478
Ohio Gt Western. 3dwk July 130,603 112,622
306.099
330,864
3dwk July 109,434 100,087
ChioInd&L'v...
3.900,554 3,531,435 45,643,489 44,464,135
ChicMllw&StF May
June
5,044,816 4,380,558 55,745,273 53,334,633
Ohio & North
989,946 851.696 11,925,996 11,438.287
Chic St P At <feO. June.......
88,618
92,879
30,652
30.309
Chic Term Tr RB Sdwfc Jul}
242,049
243,110
121,297 122,013
Cln N O & T Pac. 2dwk Jul>
1,852,355 2,038,743 22,296,088 21,069.954
CI Cin Ch & St L. June
202,804 250,120 2,617,627 2,785,119
Peoria & East'n May
366,730
393,271
Colorado & South 3dwk July 130,812 127,909
14,206216,872
210,303
18,465
Col Newb <te Lau. May.......
466,453
562,729
44,979
56,070
Copper Range.... May
68.422
May.......
89,803
21,083
6,612
Cornwall
222,827
256,099
21,121
33,359
Cornwall & Leb . May
995,600
869,400
Denv.&RioGr... 3dwk July 336,20k 294.600
894.353
904,187
85,303
83,535
Det & Mackinac. May
29,336 1.335,309 1.392.947
38,520
Detioit Tol. & Ir. 4th wk May
172,911
159,065
60,062
56,381
DnlSu Sh&Atl.. 3dwk July
May
4,135,108 3,869.030 41,396,863 41,103,528
Erie
36,381
36,019
3,027
2,035
F'rchild&N'r'e'n June
81,257
76,736
9,298
8,206
Farmv & Powhat May
56,691
647,850
614,438
55,325
Fon Johnst & Gl. May......
205,075 152,566 2,312,340 2,321,575
& Denv City May
Ft
June.
158,627 2,481,205 2,418,282
191,681
Georgia RR
130,697 134,148 1,700,867 1,693,541
Ga South & Fla.. June
3dwk July 683,866 671,816 2,031,658 2.066,339
Gr Trunk System
81.25*
186,528
179.282
90,385
GrTr. West'u 2dwk July
63,429
30,162
64,670
32,809
DetGrH&M.. 2dwk July
Great Northern . Juno....... 3,560,945 2,933,517 41,608,431 38,643,428
191,22"
186,826 2,385,603 2,318,769
Montana Cenf June
3,752,166 3,120,343 43,994.034 40.962.197
Total system June.
82,899
30,980
66,785
41,584
Gulf&ShipIsland 2dwk July
6,013,213 5,725,481
527,672 481,85
Hooking Valley. June
Illinois Central.. June...... 4,006,517 4,024,226 49,404,472 46,831,136
278,919
25,161
254,066
26,432
Illinois Southern June
1,793,653 1,015,614
Indlll &Iowa... June
86,500
286,200
101,600
256,000
Int & Gt North'n 3dwk Julj
332,506
113,020 105,837
315,953
llnteroc (Mex) . . 3dwk July
3dwk July
43,464
152,052
49,693
134,486
Iowa Central
150,875 139,391 1,764,172 1,657,665
Kanawha & Mich June
564,430 537,852 6,091,412 5,985,446
City South'n May
Kan
4,923,617 5,096,211
LakeEne&Westn June
Lehigh Val RR.. May
2,781,731 2,514,006 28,288,375 27.086,112
37.069
425,200
47,313
465,454
Lexing & East'n. May
May
Inc. 160,800
Inc.
Long Island
636,301
70.073
765,534
84,102
643,877
Louisiana & Ark. May
Louisv <& Nashv. 3dwk July 757.850 £678,835 2,225,660 1.952,420
8,929
132,075
8,753
132,428
Macon & Birm. June
35,59"
396,188
Manls & No East vlay
39,959
376,289
June
14,112
8,115
89.045
Manistique
76,289
23,376
323,569
MaryPd & Penn.. June
26,088
306,795
May
2,336,071 23,851,888 23,898,537
(Mexican Cent'l.
2,433,651
{ Mexican litem. May
552,386 557,364 6,046,749 6,360,419
Wk J'ly 8 119,700 95,900
{Mexican Ry
119,700
95,900
24,818
23,73
tMexicanSouth'u 1 stwkj uly
24,818
23,737
Millen <fc So'w'n. March
7,402
5,819
Mineral Range.. 3dwk July
16,024
12,452
41,274
35,469
Minneap <fe St L 3dwk Julj
63,870
54.46b
193,042
165,550
St P & S St M. 3dwk July
169,85:
140,06s
501.299
415,086
Mo Kan <fc Texas 3dwk Julj 370,757 307,875 1,009,151
888,379
Mo Pac & Iron Mi 3dwk Jul) 841.000 734,000 2,180,000 1,988,000
Central Brand) 3dwk July
49,000
26,000
103,000
69,000
3dwk July 890,000 760,000 2,283,000 2,057,000
Total
N O AISo East. 4th\vk J'ne
Ala & Vieksb'g •IthwkJ'ne
Vicksb Sh & P. IthwkJ'n
Allegheny Valley May
W
W
J
.
.
M
Mob Jack & K
C.
WkJuly
8
Gulf&Chlc.Div
Mobile <fe Ohio.. 3dwk July
Nash Oh & StL.. Tune
INat'l RRof Mex 3dwk July
Nev-Cal-Oregon June
Ne vada Central May
Current Year PreviousY'ar
4th week Apr. (40 roads) . .
1st
week May
(42 roads;
. .
2d week May (42 roads)...
3d week May (41 roads)...
4th week
1st
2d
3d
4th
1st
2d
3d
May
week June
week June
week June
week June
week July
week July
week July
(46
>42
(42
(41
(43
(39
(40
(36
roads) . .
roads)...
roads) . .
roads) .
roads) .
roads) . .
roads) .
roads)...
.
10,152,570
7,396,318
7,667,810
7,591,421
12,098,498
7,601,132
7,936,328
7,911,463
11,003,290
7,375,914
7,864,915
7,966,693
9
9,659,903
6.963,872
7,164,329
7,177,961
10,851,080
7,201.591
7,500,339
7,471.193
10,612,246
7.065,765
7,168,544
7,216,122
Previous
Year
1
to
Latest Date
t u rrenl
i ear
N
Jnc or
Dec.
YC& HudRn
June
YOnt<fc West. vlay
N Y Susq <fe Wesi May
Norfolk* West'i vlay
Northern Central vlay
North'n Pacific. luce
Ohio Riv& West. May
Pacific Coast Co May
Previous
Year
11519338 10106136 112366435 109389235
..
/ftf.3.13 6,000
Inc. 8 92,500
eWeet P & E.
May
Pere Marquette. 2d wk Mar 237.091 216,491 8,959,681 7,820,042
1,346.358 1,235,558 12.634.832 12,392,13:4
PhllaBalt&W'sh Vlay
.
.
Erie
May
C C & St L June
Raleigh & C Fear April
Phlla
732,799
2,241,342
4,809
3,550,477
3,642.048
7,192.525
<fc
PittBb
Reading Railway May
Coal&IrOo.... May
Total Both Cos. May
Rich Fr'ksb <fe P May
Rio Grande Jot.. May
Rio Grande So... 3dwk July
Rocklsl'd Sys.. May
Rutland RR
June......
.
St
St
St
Jos&Grl
L& San Fran
L Southwest
Seaboard Air L..
Southern Ind
So Pacific Co 6...
Southern Rallw'y
Texas Central
Texas <fc Pacific..
Tex S V & N W
Tol <& Ohio Cent
.
. .
.
Tol
P & West
....
TolStL&AV
Tor
Ham & Butt
Un Pac System
.
May
May
3dwK July
May
June
May
3dwk July
2dwk July
3dwk July
June
June
3dwk July
3dwk July
June
May
Vandalia RR.—
St. Louis Div.. January. .
Terre H. <fe Peo. January...
Virginia & So
June
Wabash
3dwk July
West'n Maryland April
W Jersey & Sea'e May
Wheel & LE
3dwk July
tt'm'sport&N.Br. May
Wisconsin Cent.. May
Wn
Wrightsv&
May
Yaeoo
June
&
T'n..
Miss. V.
9-71
+770,571
10-68
14,906
594,899
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta & Charl Air Line
Atlantic & Birmingham
Bqllefonte Central
01 C. C. <fe St. Louis
&
&
Maryland & Pennsylvania..
Mexican International
;Mexican Railway
{Mexican Southern
Jan.
to
Mar.
to
to
to
Mar.
Jan.
Jan.
Jan.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
[National RR of Mexico
Jan.
Jan,
New York Central
Northern Central
Jan.
E
ePennsy., East of P
Jan.
eWestof
Jan.
Wash
Phila Baltimore
Jan.
Erie
Philadelphia
Jan.
St Louis.... Jan.
Pitts Cin Chic
Rio Grande Junction
Dec.
Jan.
Texas & Pacific
Jersey & Seashore
Jan.
West
J
P&E
&
&
.. ..
&
&
(
330,098
43,117
47,181
469,941
313,411
342,850
80,070
14,922
518,445
10,968
564,771
Period,
Deo.
Jan.
Jan.
Peoria & Eastern
Jan.
International &Gt North'n.. Jan.
Interooeanic of Mexico
Jan.
Western
Lake Erie
Jan.
Manistee
North Eastern.. Jan.
Manistique
Jan.
Month July 1904 (125 rds.)
Month Aug. 1904 (122 rds.)
Month Sept. 1904 (124 rds.)
Month Oct. 1904 (124 rds.)
Month Nov. 1904 (124 rds.)
Month Dec. 1904 (123 rds.)
Month Jan. 1905 (116 rds.)
Month Feb. 1905 (117 rds.)
Month Mar. 1905 (118 rds.)
Month Apr. 1905 (115 rds.)
Month May 1905 (118 rds.)
53 rds.)
Month June 1905
+ 696,371
343.679
51,196
66,460
472,841
341,140
350,850
103.414
557,996
5-62
6-21
7-02
5*76
-1-435,989 5-81
652,461 7,100,935
2,020,949 25,029,370
41,073
4.336
2,956,t»70 34,004,157
3,347.691 33,363,715
6.304.661 67,367,872
200,710 187,552 1,42.6.419
523,753
54,457
46,346
29,295
10,236
9,440
3,498,374 3,025,225 40.259,096
2,491.686
103'.652 1.172,472
ll"o\265
3,022,436 2,642,320 35,319,480
492,251
184,510 146,401
1,221,594 1,056,860 12,439,408
106,748 103,305 1,380.327
8,354,252 7,518,633 87,059,881
920.858 864,442 2,667,883
24.9S4
13,459
8,530
512,92 L
176,401 165,643
149,989
9,000
10,000
317,689 346,031 3,766,649
66,401
22,759
23,949
203.311
71,767
56,077
663.033
54,249
58.577
4,716,870 4,551,769 54,105.186
12,531
MONTHLY SUMMARIES
+440,270 5-87
+391,044 3-68
+310.149 4-38
837,372
217,842
10,864
353,498
10.203,498
620,884
194,015
27.517
78,682,222
6,010,110
2.393,279
20,825,079
9,255,746
47,488,933
191,305
5,310,991
ePenn— EastP&E May
P.C-
+ 1,247,418 11-49
+ 399,541. 5-55
14,299
669.634
245.663
2,223,003
956,565
4,451,073
16.981
523,516
ST
$
+542,667
+432,446
+503,481
+ 413,160
10.864
13,492
419,341
130,112
862,895 10,119,817
639,447
215.537
221,181
19,904
32,012
1.859
6,551.374 81,289.969
570.497 6,416.725
249,674 2.485,707
2,013,603 21.920,416
901,865 9,472,246
4,074,651 51,704,056
1*2,765
18.405
522,226 5,580,120
13,492
1
21.041
3,181
7,053,861
AGGREGATES OF GROSS EARNIXGS- Weekly and
WEEKLY SUMMARIES
Current
Year
Jiilv
*
*
S
Ala Gt Southern. 2dwk July
exas Pacific.
Ala
Previous
Year
Current
Year
Laming*
Latest (Jross
1
Week
or
NO*
1
to
to
to
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
10
to
May
May
May
June
June
May
July
July
June
May
June
June
May
July
July
July
July
July
July
June
to
May
May
May
May
May
to
to
June
to
to
May
to
May
July
417,308
676,493
1,292,21s
3.195,387
3,946,834
293,187
154,807
6,085,119
178,464
8,663.896
Current
Year
6,929,481
24,337,136
42,328
31,900,074
32,225,017
64,125,091
1,364,309
539,293
26,985
41,575,874
2,414,451
1,219,019
32.874,767
428,178
11,720.213
1,290,045
86,057,010
2,512.160
15.466
485,351
159,270
3,598.683
67.012
177,831
657,957
50,661,862,
379,556
604,537
1,395,227
2,999.816
3,904.534
228,243
153.698
5,921,096
162.270
7.868,335
Previout
Year
Inc. $32 9,185
$944,116 $876,622
500,030
342,837
29,455
29.480
10.154,800 9,999,823
1,239,103
2,661,437
3,586,080
2,325.228
186,174
35,962
100,062
2,989,146
3,246.200
633,753
21,543,911
872,250
22,416,161
6,520,351
30,472,803
3,985,592
46,918,117
Inc. 2,5 05,700
5,803,994 5,366,294
2,893,289 2,756,297
12,538,925 11,618,160
262,610
260,034
6,145,130 5,922,142
1,414,72s 1,368,828
1,090,106
3,104,577
3,537,900
2,277,854
197.537
41,595
111,090
2,717,159
3,253,500
642,945
21,267,616
868,973
22,136,589
6,734.413
39,189,563
4,062,392
50,916,917
Vloathly.
Current Year Previous Yar
Inc. or Dec.
\P.O
$
$
139,712,599 —7,469,973 5-35
+734,0200-51
144,558,473
147,338,536 +4,136,488 2-81
+4.974.33713-21
151,758,622
140,909,470 + 13.394,641 9-51
136,889,640 +9,858,462 V2U
119,220,07s +7,852,980 6-58
117,252,135 —3.537.629 3-01
130,879,54* -12,743.311 9-73
127,237,317 + 9,358.551 7-35
129,712,73!i fl4,390,517 11-09
54,1-39,005 50,961,464 + 3,177,541 6-2A
132,242,621
145,292,493
151,475,024
159,732,959
154,304.117
146,748,102
127,073,053
113.714,506
143,622,857
136,59o.868
144,103,256
e Covers lines direotly ODerated.
b Inoludes the Hous. A Tex. Cent, and its subsid. lines in both years.
a Includes
J Mexican currency,
the Cldoago & Eastern Illinois In both years.
* Atlanta Knoxvllle & Northern Included In both years siuoe April 1; Jt had previously beeu^
included In 1905 since Jan. 1.
July
.
.
.
.
.
TJ1K CHROXICLK.
29 1905.]
Interest Charges and Surplus.- The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, dec, with the surplus
above or deficit below these charges.
In the table which
Latest Gross Earnings by Weeks.
follows we sum up separately the earnings for the third week
of July.
The table oovers 36 roads and shows L0.68 per
same week
cent increase in the aggregate over the
tek o! July.
1905.
year.
last
Increase.
L904.
i><
1
create.
Roads.
June
California A N
July 1 to June 30...
W
32 ,008
Hull Roch >v Pitts
Canadian Northern
187 ,2S9
92 .000
,015 000
tdian Pacific
Chattanooga Southern
Chicago (iiv.u \\ estern
Chicago Indianap. A Louis.
Chicago Terminal Transll
On N o & Texas Pacific...
Colorado .v Southern
Denver A Rio Grande
Duluth SoSh A- All
Grand Trunk of Canada. )
and Trunk Western. >
•on Gr Ua\ .v Mil. )
Great Northern
Internal
Interoceanic ol Mexico
<S
30 ,652
101 600
L30 812
336 208
60 062
15,100
2.903
41,400
3,681
671,816
12,050
101.000
13,020
49,693
757,850
L6.024
63,870
169,852
370,757
841,000
49,000
144,299
217.842
10,236
184,510
86,500
105,837
15,100
13,464
6,229
79,015
3,572
9,404
29,784
62.882
107,000
23,000
1
Mineral Range
St Louis
172,841
108,414
7,210,122
Mo Kan A Tea
Mo Pac A Iron Mountain..
Branch
Ohio
Nat UK of Mexico
Rio Grande Southern
St Louis So West..
Southern Railway
Texas A Pacific
Toletlo Peoria A Western..
Toledo St l.ouis A Western.
itral
920.J
170.401
.
22,759
71,767
Wabash
Wheeling A Lake Erie
38,109
56.416'
10,758
15,690
2,000
28,344
773,570
3,005
Cin
Ry A
Increase.
Decrease.
S
-
13,459
7,864,915
Previously reported (35 rds
Ala (it Southern
Cin N
Texas Pacific...
Gulf A Ship Island
Mobile Jackson v A K City.
Texas Central
8
6,947,860
50,528
122,013
30,986
z8,627
8,530
7,168,544
7,617,430
58,393
121,297
41.5S4
725,039
7,865
J-12.752
i
716
10,598
4,125
4,929
752,556
696,371
e.)
56,185
July 15.
—
—
—
Gross Earnings.
rent
Previous
Year.
Year.
Roads
lACharlottea May
California
July
Fairchild
July
$
290,186
944,110
May 81-.-
to
N W.a
June
149,516
June 30
1,541,199
June
A N B.6
2,035
1 to June 30..
36,381
1
to
RR.n
Georgia
191,681
1
to June 30... 2,481,205
Hocking Valley. a
:.-'7,072
June
July 1 to" June 30..
6,013,213
Central^]
June
226,927
July 1 to June 30.
2,588,298
Kanawha A Mich. .a. June
150375
Jul;,
to June 30
1,70.4. 172
ind A Penna
June
26.088
1 to June 30
111,000
.a.. June c31 1,244
July 1 to June 30... -3 ,070,. 7.-,!
.
l
(
CentraLi
July
Tol.
<t
1
to
June
J
July
l
to
.a
l
ing
July
.v
1
138,130
1,470,969
3,027
36,019
158,627
2,418,282
11,087
60,957
739,963
178,114
1,945,312
Mil, 207
1
199,026
2,377,104
13"
1.65;
165
1
Ry. 3d wk July
Ry. 3d wk July
Detroit United
Duluth Street
May
L &Sub.. June
Aur & Sou.. June
Wayne&Wab'sh
!
26,850
24s. 117
7,044
34,934
6134,345
2350,564
/•l
25.497
/.-77.916
1
2,829
7,748
275.170
73S
346,031
Is
74,
1
5
1*287,741
1,182
105
last
year
F.
1
I.
MIS
77
184
1,049,982
.171
6 Ni
I
I) i'i;
.
u
•
Jan.
l.
d
earnings
it.
against
tional Income
la
jH.ioo
* For June
last year.
$1 17.988 this year, agai:
181 ,421
additional
July
I
to
Juni
ar.
30 addi-
to
latest date.
Previous
Year.
Current
Year.
237,915
123,503
181,320
113.603
37,229
2,100,535
204,937
400,312
35.320
1,531,272
246,372
163,251
384,651
2
1
1
,972
47,435
204,753
94,760
2,355,237
334,402
70,496
594,216
213,838
74,062
§38,920
340.657
64,492
§31.786 §1,077,720
293,858
§924.524
132,273
41,325
135,337
72,975
439,074
83,156
382,000
75.675
32,759
23.1S4
9,984
6.676
28,502
£10,993
43,036
84,614
May
330,279
Kan
1,209.047
115,000
1,610,925
271,002
418,552
67,969
1,276,511
134,259
1,839,524
50.S76
13,097
32,222
1S.S07
15.730
7,734
ISO, SOS
270.0 IS
55,163
248.200
Citv Rv& Lt. May
Elec Ry_. June
V Trac Co
Street Ry Dep_. May
Elec Light Dep. May
Lexington Rv
June
LimaElRy& Lt Co May
LondonStRv(Can) May
126,090
312,708
25,009
348,155
59,596
45,908
11,886
29,579
15,185
14,454
7,014
166,384
20 1,05s
41,029
232,610
204,093
72,800
159.843
178,229
67,881
OS, 240
22,750
1,111,355
1,542,457
256,822
1,285,875
59,256
20,878
1,056,838
1,531,316
195,511
1,176,487
51,468
425,17s
302,580
703,447
567,423
35,856
39.016
43,574
49,108
397,085
258,933
647,487
497.782
28,866
37,183
39,014
77,904
68,645
88,368
142.494
29,43.3
LakeSh
326,629
Lehigh
Mad(Wis) Traction
Met West Side Elev
MilElecRyA Lt Co
Mil Lt H & Tr Co.
.
.
.
.
.
March
June .
June .
June
Montreal Street Ry June
Muncie Hartford A
April
Ft Wayne.
.
.
13,945
85,163
57,849
113,755
121,425
10,934
NorOhio'Tr&LtCo June
Northern Tex Trac June
Northwestern Elev
Oakland Tr Cons..
Olean St Railway.
Orange Co Trac
Peeks Ltg&RR Co.
Pittsburgh M'Kees-
June
May
April
May
May
1
1
,445
9,580
port & Greensb'g June
Pottsv Union Trac June
17,701
19,956
37.718
13,607
SO, 504
47,213
102,333
113,897
7,876
10,916
7,911
147,625
15,875
18,260
37,435
2,009
129,475
817,921
708,158
14,150
12,747
61,137
56,565
65,683
01,1 20
343,177
314,766
40,781
June
Rochester Railway June
Rock ford Beloit A'
Janesville
June
81 Joseph iMo) Rv
Lt Heat A Pow. June
32,533
257,003
188,506
29.440
50,500
22,642
45,481
222,286
204,134
2,067
•
99,685
107,010
12,306
1 1
Oakl'd A
i
..June
Ban Jose Ry
Sao Paulo Br:
Tram L A l' Co WkJulv
inah
lee Co. May
Schuylkill Ry Co..
June
Scranton Rai
,686
I
Seattle El
South Side Kiev...
Syracuse
Tampa
T
It
9
16,239
82,131
76,698
15.051
402,596
May
208,oos
107, sis
987,920
931 .115
June
140,91
122,103
71.077
32,573
16,637
si 1,526
794,224
342
....
:
Electric
A
Co
I.e..
rolBowlGrA
roledo Rj - A Lighl June
Toll do A Western, M.i'
U
into Railway.
.
Ry
8 of Si
int.(i of San
I
I.
I
Youn
V
aron
1
77,688
34,953
51,749
June
June
June
June
I
373,264
163
l
l
I
212,201
24 ,886
I
20,206
.1
Hap Tr. 2d wk July
[|
last
1
•58,124
237,375
99,416
2,647,148
349,189
77,852
638,507
214,217
29,218
I
WO
From
246
154,776
193,711
x43 1,300
7,868
44,132
22,304
94,585
13,475
19,753
110,108
39,944
19,031
Ition
;
,359
2,577
13,997
10.527
48,558
23,941
108,109
14,418
20,697
108,240
40,333
Indianap&East Ry May
Indianap & Martinsv Rapid Tran April
Indianap & North-
I'ii'.
D«
ti.
I
44,118
24,665
20,523
7,050
320,077
48,823
40,838
61,830
30,178
16,440
35,137
72,614
17,556
City
h For June additional Locomi
yar. From July 1 to June 30 additional
this year,
23
May
& Land Co
HoughtonCo St Ry; May
Houston Elec Co . May
May
Illinois Trac Co
Hot
.
en are after deducting taxes.
r
005
17. "10
796,463
341
2,02-
152
5,
fcl,049
,130
a-8
Honolulu Rapid Tr
1
A
May
Wk July
I
37,034
24,685,761 23,023,602
L Erie.6 June
170.000
361 ,844
1.3-'to June 30... 4,595
M.
.
Light Co's
,875
ft35,456
24::
23,376
100,062
240
to
•
54 ,131
53,218
00,192
43,094
44,428
Rys Co Gen-Roads June
17.743
,672,030
6460,217
21,21s
3,766,649
J'.
def. 498
8,616
228
481,852
5,725, is
7.689
1.024
July
Net Earnings.
Previous
Current
Year.
Year.
$
$
69,681
38,016
23!
211,279
.".5.77.-.
42,685
2s3,186
413
$
274,170
870,622
58,485
827. 3 sO
tO
Ohio Cenl
57,1 10
26,226
32,788
8,250
447,632
System (Buffalo) April
Jacksonv Elec Co. May
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week.
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
this kind will be found in the issue of July 22 1905.
The
next will appear in the issue of Aug. 19 1905.
—
.15.0 13
$
26,618
136,544
124,235
120,934 [1,471, 991 al, 406, 965
western Traction
Internat Trac Co
.V-
1,10 1,794
.:
L'lit
Havana ElecRy Co
55,469
Jan.
Previous
Year.
fir.
$
29,218
139,565
June
June
June
June
W
Ft
'<
1
(Mucatine, Iowa) June
Tr Co June
Clev & S
Clev Painsv & E.. June
Valley Trac h.
1
Cum nl
Cin Northern Trac. June
Klirin
1904.
1905.
11 1,3 15
Z430.374
474,500
32,8 12
125.364
1165,759
x224,359
1
40,25.8
East Ohio Traction
2d week of July.
.r
1,018,970 ll,427 ,850
21,000
a-2,470
248,040
113,173
3,211
2,875
10.0OI
11,600
5,105
2,583
2 1,480
30,999
42,404
146,009
451,745
i oak Parkd.. June
Day A Tol Tr. June
Bast St.
Mar
30,909
April
it Wok
Burlingt'n (Vt) Tr. June
CaJ Gas A Electric. May
Cent Perm Trac
June
June
Chi cv Mil Elec
Citizens'
the same week last year.
Week ending
15,333
2,583
Boston
1,190
For the second week of July our final statement covers 40
roads, and shows 9.71 per cent increase in the aggregate over
x
230,173
3,833
283
X12.038
J177.074
12 1,155
I
19,838
Week or
Month.
Albany A Hudson.
American R'ys Co.
Aur Elgin A Chi Ry
Binghamton Ry
770, .-.71
Total 40 (roads)
Net increase (9.71 p.
120.51
012,232
*
87,1 16 del
Latest Gross Earnings.
Gross
Earnings.
2,305
796
Net increa
51,094
ftr.
1
STREET RAILWAYS AND TRACTION COMPANIES.
1.1S7
1
Year.
%
28,143
26,402
316,028
52,064
632,254
010.000
to
1
'urn nt
X After allowing for other income received.
7, is:;
12,452
54,466
140,068
307.875
734,000
26,000
130,112
215,537
9,440
110. 401
864,442
165,643
23,949
56,077
469,941
80,070
M
(31
18,181
9,347
678,835
7,9S6,693
- -
Total
30,309
86,500
127,909
294,800
50,381
(66
Nashville
Minn A
291
12,622
100,087
1
27,032
325,920
June
June 30...
June
Hocking Valley.
July 1 to June 30
June
Kanawha A Mich
July 1 to June 30
Maryland A Penna -June
"Mar 1 to June 30...
rexas Central— June
July 1 to June 30
Toledo A Ohio Cent.. June
July 1 to June 30
Julv
(
i
KH
Georgia
.-,('..000
109 434
O utr.il
rville
I
40,697
25,200
16.892
67,700
959,000
174,800
2.905
i
.v.
low B
I
210 800
•>
67
130 .so;;
Central of Georgia
,52
l
Pal. o
Rentals, etc.
rent
Pn vious
nr.
Year.
$
%
Int.,
$
Ann Arbor
">i):{
07, -'57
1742,104
20,132
18,635
IS..'.",
47,133
80,796
927,732
618,995
I
s.l
I.".
37,34
S05, 701
1,730
I
•
1,21
i.i
2,370, 109
1,037,187
'
1,110
930
121
l
19
7.424
ores here are from July i. d Thi
of all the constitu.
e are the combined earninj
k li.. rease due to a striki
and bo cott. z D<
that He Louisiana 1
>n was or*
i
panian
THE CHRONICLE.
504
Street Railway Net Earnings.
—The
following table gives
the returns of STREET railway gross and net earnings
ceived this week.
—
—
Roads.
Albany & Hudson. 6 .June
July 1 to June 30...
Aurora Eli? & Chic
June
Jan 1 to June 30.
July 1 to June 30June
Cent Penn Trac Co
Jan 1 to June 30
Elgin Aurora it So. b. June
July l to June 30...
Indianap & N
Tr._May
Jan 1 to May 31.
!
W
July
1
to
May
31
Lake Shore Elec.a
June
Jan 1 to June 30
Mass Electric Comps. -ft
April 1 to June 30
1 ,690,522
»"•'
-July 1 to June 30. .. 4,420,733
Ry
Rochester
Jan
Co_ft__June
147,625
June 30
817,921
July 1
June 30
1,602,861
San Fran Oakland & San
Jose Ry
June
40,781
Jan 1 to June 30
257,003
Tol Bowl Gr&So.o. . . June
24,885
Twin City Rap Tr.6.June 392,528
Jan 1 to June 30
2,171,468
1
48 823
216,372
39,944
456,099
Net Earn
Previous
Current
Year.
Year.
8
8
9,265
4,668
107,847
90,104
27,873
17,780
56,008
90,943
221,988
8,529
13,026
30,714
19,207
is, 460
17,907
195,734
181,303
59,596
271,002
34,306
123,812
30,526
128,497
23,372
52,312
1,612,891
4,219,200
129,475
708,158
1,383,030
604,940
1,194,955
70,925
369,671
734,771
528,645
887,775
63,137
303,509
631,425
32,533
188,506
23,545
370,140
2,059,259
21,962
150,480
11,154
214,675
1,131,943
18,439
103,544
11,033
196,502
,073,385
Gross Earnings.
Current
Previous
Year.
Year.
$
8
29,218
26,618
283,993
304,650
57,116
44,118
237,915
181,320
505,455
54,131
264,937
40,333
454,307
29,218
126,090
325,469
67,969
326,629
to
to
re-
10,041
1
a Net earnings here given are after deducting taxes.
Net earnings here given are before deducting taxes.
b
Interest Charges and Surplus.
—Int., Rentals,
Roads.
Elgin Aurora & Sou.., June
July 1 to June 30
Lake Shore Electric. June
Jan^l^to June 30
•
Mass
Electric Comps
April 1 to June 30
July 1 to June 30.
Ry Co
. .
Jan
1
to
to
— —Bal.
of
Current
Year.
—
Net E'ngs.
Previous
Year.
8
9,226
111,223
20,404
122,425
397.657
1,165,270
27,757
164,103
325,954
366,034
1,065,398
26,541
158.118
312,663
df.
8,456
70,627
2,968
70,079
207,283
162,611
29,685 df. 177,623
d37,021
rf45,763
f/21 0,526
dl47,733
</4 IS, 049
d324,540
8,537
71,193
113,800
544,559
9,039
48,043
ft92,392
^540,440
d After allowing for other income received,
dividend on preferred stock.
8
9,234
84,511
9,722
6,072
9,451
110,676
20,404
122,391
June
June 30
July 1
June 30...
San Fran Oakland & San
Jose Ry
..June
13,425
Jan 1 to June 30
79,287
Twin City Rap Tr.._June ftl00,875
Jan 1 to June 30
ft587,384
Rochester
etc.
Previous
Year.
Current
Year.
h
9,400
55,501
104,110
532,945
Fixed charges include
^
ANNUAL REPORTS.
Annual Reports.— The index to annual reports is omitted
week because of the publication of the Railway .and
this
Isdustbial Section, which contains references to the reports
of the principal st«am railroads and industrial companies
printed in the CHR n NiCLE, not including today's issue.
The following
financial statement of the Corporation and
subsidiaries for the quarter ending Jane 30 was given
out on Tuesday after the regular monthly meeting of
the directors. The "net earnings" as here shown "were
arrived at after deducting each month the cost of ordinary
repairs, renewals and maintenance of plants and interest on
bonds and fixed charges of subsidiary companies."
append the results for the half-years ending June 30 in 1905,
1904 and 1903:
Net earnings
$30,305,118
Deduct
Sink'* fund* on bords of subsidiary companies. $482,991
Depredation and reserve fauds
5,009.563
Bpeotai Improvement and replacement fund
l,OCO,00G
Inte est on U. S. Steel Corporation bonds for
the quarter
5,770,430
Silking funds on U. S. Steel Corporation bonds
for the quarter
1,166,532
13,429,518
Its
We
Surplus for the quarter
Appropriated on aocount of authorized ex-
$16,875,600
6,304,919
$10,570,681
penditures fur adiil'lonal property, construction and discharge of capital obligations
$5,000,000
Set aside for contemplated appropriations and
expenditures
2,500,000
June
Total quarter
Total half-year
,
Tons.
$3,070,681
31,
1904
Deo. 31. 1903
March
31,
903
Deo. 31, 1902
Nov.
1,
1901
$25/63.707
$l9,i90,7*5
$32,935,957
$36,642,308
$61,711,015
$10,905,204
12.744,324
12,992,780
INCOME ACCOUNT FOR HALF-TEAR ENDING JCNB
1905.
Total net earnings half year (see
$
introductory remark*)
.53,331,012
30.
1904.
1903.
$
$
32,935,957
61,711,015
2,721,266
4,855,416
2,249,795
6 655,504
11,669,180'
7,600,0C0
85,077,086
18,253,926
19,245.862
13.690,085
16 505,299
45,205,716
12,609,838
13,609,838
17,859,839
10,166,050
12,609,838
12,603,838
1,080,257
28,025,889
17,179,827
Deduct
For sinking funds
3,026 520
Depr- elation and reserve funds... 8,68:1353
^picial lmp't and rtplacem'C fund 1.000,000
Iutvrtsr.
11.567.213
Add'i property oonstr notion, etc.. 10, 800,ooo
ToM deductions
Balance
Dividtnds on stotks
Prefemd. 3 >« percent.
Common, 2 per cent
Total dividends
Undivided eartdngs for half year. 5,614,088
81, p-S6.
Calnmet & Hecla Mining Company.
(Report for Fiscal Year Ending April SO 1905
President Alexander Agassiz, und?r da'-e Juue 15. says:
The new openings of the past year oa the conglomerate belt in the
vioinlty of the Bed Jaoket shaft have improved »omewh»t, especially
vork on the slope
north of the Bed Jacket shaft in the lire forties,
reaching Into the live forties has continued uninterruptedly during
the year. The southern openings In the Heola and 3 men Heola
branches remain of about the same oharaoter. The work of opening
three shafts on the Kearsarge lode has progressed satisfactorily and
the quality of the ground passed Through in one of the shafts is
promising. Owing to the nature of the ground above the solid rook
the collars of these shafts were built of concrete with iron supports
in place of -he ordinary timber sets. Since July about 75,000 tons of
amygdaloid rook have been stamped from the O'oeolo lode. An
extraction of twenty- two pounds of c>pper per ton of ronk has been
obtained It is proposed to increase the produot from this amygdaloid
by openings from one or more of the shafts already opened on the
lode. The building operations at the mine location have been limited
to the repair of a few houses for the officers and men
At Lake
Linden the remodeling or the Calumet mill has been completed. The
millls running most satisfactorily and is making a marked saving of
copper as oompared with the results obtained with the old machinery.
This gives us now seventeen heads equipped with economical milling
and washing machinery. We have ataited the remodeling of the
Heola mill and hope to have six additional heads running on the new
system by May 190t>, leaving only five heads to be remodeled In the
yesr I9oo-i907.
Since July we have pmelted about 1,500 tons of mineral oer mouth
from the MohawK, Wolverine, Atlantto and Michigan mines, wl;h
excellent results as to the quality of copper produced
At the Barf *io
smelting works we have put Into active servloe two waste heat boilers
and bu:lc a new and larger refining furnaoe in plaoe o" anoidone.
We h»ve completed our concrete docks and replaced one of the wooden
trestles with a steal one. Excellent progress has been made in the
ereotlon of two targe engines for driving the additions to our eleotrlo
power plant at L»ke Lind«n. We expect to havo this plant in commission abont Nov. 1. We h&ve purohased the timber on about
42,000 acres of land situated in Keweenaw County.
The
result?, assets, etc, for four years follow:
OPERATIONS, DIVIDENDS. ETC.
1904-05.
1903-04
1902-03.
copper
Rettnr d
1901-02.
pro-
8%644,401 76,620.145 76,632,912 79,964,000
12is®15i3 1134*li% llHf-3il5^
pound
liar's
Total dividends (per $25
share)
$10
$20
$40
$45
Amounting to....
.$1,500,000 $4 000,000 $2, 00.0D0 $4,01)0,000
ASSETS AND LIABILITIES OF APRIL 30.
19f>3.
1904
1902.
1905.
A.
fsct
t
—
ton
SB
8
116,381
15,000
154,025
15,000
5,989,001
5,987,055
3,781,551
451.521
757,691
6,208
509,534
600,276
6,583
366,658
149,937
8,172,417
7,266,338
7,234,879
4,467,171
425.228
608,000
373,299
33u,000
373.681
304,174
17,529
485,287
371,575
1,028,228
7,144,189
703,299
6,583.039
677,855
6,557,024
874,391
3,592,779
Bos-
ton and mine
Insurance fund
Employees' aid fund
Total assets
Liabilities Employees' aid
S
116,917
15,000
590,212
927,034
10,991
office
Bills rroeivab'e at
$
133,047
15,000
6,496.133
Cash at mine rffloe
Cash at New York (fnce.
Cash an 1 copper at Bos-
fond
Drafts and bills payable.
Machin'y, contracts, etc.
Total liabilities
Balance of astets
The capital stock
is
$2,500,000— V. 81,
p. 267.
Central Ltather Company.
Statement rf July 5, 1905, J
The statement made to the New York Stock Exchange on
July 5 19^5 upon the listing of the company's securities
affords the following information
Organization— The company was incorporated on April 12 ir05,
(Official
with *8o,c0 ,000 authorized capital stock, of which $40,000,000 is 7
cumulative preferred, and, having authorized an issue of $45,first lien 20-year 5 p. o. bonds, has ai qiired, per plan of Deo.
oOO.O
1V-04 (V 79, p. 751). the amounts of capital stock of the United
17
States Leather Co. shown below.
Stock - The preferred stock is preferred as to dividends at the rate
of
pc per annum, cumulative, from July 1 1 -05, and, In case of
liquidation, as to principal and unpaid accumulated dividends, at par.
It has rqual voting power with the common stook. The oertldcate of
incorpoiaHon provides that "From time to time the preferred stook
and the common stock of the corporation may eaoh or both be in1
;
Tons.
March
$13,445,232
$6 863,833
6.2S6.518
6,370,374
$30,305,116
$3. 331,012
May
$2.8e8.213
4,540,673
6,036,346
$43,025,896
$9,037,925
10.602.187
10.6t5.004
Total quarter
Apill
-V.
30.
1903.
$7,425,775
7,730,361
9,912,571
9,585,f>86
p. o.
UNFILLED OKDEES ON HAND.
4,8*9,655
5.597.560
4,648.203
3.027.436
3,192,277
January
February
March
904.
:
7.500.COO
Balance of surplus for quarter
June 30, 1305
March 31, 1005
Doo. 31. 1904
Sept. 30. 1904
June 30, 1904
1905.
$3,810,847
6.629, 483
Price of copper, ots., per
(Earnings for the (Quarter and Half-Year ending
June 80 1905
(W p. o.)
NET EARNINGS FROM OPERATIONS FOR HALE-YEAR ENDING JDNB
duced pounds
United States Steel Corporation.
Balance
Dividend for the quarter on preferred stock
fVoi LXXXI
4,136,961
3,215.123
5,410,719
5.347.253
2,831,692
July
29
i
SECURITIES ISSUED AND ACQUIRED.
(1)
—
Acqm-ed.
CI
Issued in Exchange therefor.
i
Bonds.
Leat her Co. Stock
ttt.
fv.m.OO
Common
Preferred
P.C.
(* p. o,).. 66, 160,000
Total.
.
*2 J /8 ',"00
60
.
Total Issued
—
-
60
A'oi
Common
18.1V7.8O0
$2*,0£0,0t
131,197,600
(Directors) "00
fl.200,0'0
T-^.080,700
—
In writing of stockholders of the oompany owning at
least a majority in amount of the oapltal stook of the oompany, or
upon ihe vote of stockholders of record owning not less than a maj irlty
amount of the stock of the oompany present or represented at an
ii
annnal meeting of the stockholders or at a speolal meeting of the
sto. kholders called In accordance with tbo bylaws, the notloe of
which shall state the purpose for whloh said meeting Is oalled.
The balance sheet and income accoutit-i of h*- Uuit^d States
Leather Co,, as reported to the Stock Exchange, will be
tonnd In the Chbonicle of Feb. 25 and July 15, pages 670
and 2: 8, respectively. The balance sheet of the Central
Leather Co. follows
BALANCE SHEET Ol THE CENTRAL LEATHER CO. AS OF JULT 3 1905.
t
Assets—
561,600 shares of pief.
and 600,000 of com.
stk U. 8. Leather Co.$93,657,600
76,000
Other stooks
700
'ash In bank
50,000
Expenses
Bonds.
$2.*8.,oOO
6,122,300
$3,061,150
$3,060,450
1,438 741
Total
$1,004,600
$3,061,150
$3,060,450
$2,303,431
13.8*8,850
8,858,850
298.969
Reserved for new acqui-
<
of the United States Leather Co. shall be lnoreased, there shall be
forthwith pledged and delvered to the trustee under said indenture
certificates for at least such part of said increased capital stook as
shall be proportionate to the part of the entire capital stock of said
compary prfvlon-ly held thereunder.
Profehtiks, Etc Owned—The Unite! Spates Laather Co. and Its
c< mpames, among other property own the following
,
constituent
bonds and other property,
viz.:
STOCKS AND BOND8 OWNED (BEING ENTIRE ISSUES EXCEPT
DIRECTORS' SHAKES).
(1)
Directors'
Total
sh ires.
issued.
Elk Tanning Co. (Pa.), capital stook
$34,4r>0,600
Central Pennsylvania Lumber Co
10,000,000
Four p. c. gold debentures due Jan 1 1930
9,000,000
Susquehanna <fc New Y >rk RB., capital stock... 1,212, 10:>
f
mortgage O-year ft p. o. bonds
937.000
lOTjgVallej Coal Co.. capital stock
125.000
Letonla Valej Bv. of Pa capital stock
150.000
Tlon-sta Valley Rv., oapi al s'.ock
500,000
„
1) v:d MofI»t Co. (N. J.), capital stock
300,000
m
$^,700
2,400
6,500
3,900
6,500
2,500
TANNERIES LOCATED AS FOLLOWS
PennHjTnia. Hill'gn.ve.
Kernoldsvllle.
Virgli la.
York,
vilte,
TO,
11
H'dtmy,
Allegany,
Damascus,
>r«,
Hyndmao.
Roaring Br'ch,
urtis,
Iron Gate,
i
»w
'
i
Brj«k-
liutanter,
1'voi.a.
J
-on City,
l.apor e
m
learHeld,
I
nla
rt.
Me.
jurrf.
M
Sheft:>-1 1.
PI ake-dale,
S'oneham,
740.691 531,544
Monessen.
2,628.187 2,645,190
Plants
Fran. ,pats.4busin'B8.5,000,000 6,000,0.10
New.
Valley,
Limestone,
olean,
Salamanca,
'I'm
Cr-ek
•n.
ion Val.,
We«t field
Peters b
Phillips,
i\ <•.
Wilcox.
Port Ale-anv, Tennessee.
Portland Mlils, Chattanooga,
Prenti e.
Bib Lake,
Tomahawk,
Kalston,
Viigiuia
Marllnton.
Paw Paw,
.Vedl-rd.
Mi Ten.
Johns
ii
City.
lrg.
n lulliia.
Old Kort.
Georgia*
Flint-,
ley.
Maryland. Waus
<
Kent ifky,
MlddleaL, jro.
iu.
1
;
:
100,000 aores.
44,0j0 acres.
20/ 00 aores.
One-half undivided interest in 6.000 aores in Pennsylvania and
nsln, with 'h»- rurdw. o1 thereon; one-third undlvid«,i In
in 5, coo aores in Pennsylvania, with
the hardweod thereon; nine
iteenths undivided interest in 3,MjO acres in Pennsylvania, with tin
hardwood th.-rw,n; 188 mlle« of operating railroad In P-uui> vanla;
iV ft»n<1ard rallroal oar»; 22 standard locomotives.
Covkhants -In consldrratlon of the llftlug of suoh bords and
* ,0c *> 'he paid
ompany will no', except for retirement
f^'.K* purpose
jor the
o' decreaMn* the oapltal *tock, as may be auth r / -d
by law, buy or othei wlce deal in shares of Its own s'ock. and ai-o tnar
the stoek acquired and held in oth-r nomr'anlfn for which th» stook of
this oompany shall have been or shall be issued will not
be sold exoept
Total
9,070,766 8,948,613
The West India Electric
Co., Ltd., Kingston, Jamaica.
(Report for Fiscal Year Ending Dec. Si 1904.
President F. L. Waaklyn, under date ol March 8, 1905,
says in substance:
The operations of the railway for the year and of the lighting plant
Andrew since its installation show a net surplus, after providing for interest on bonds and all other oharges, of £5,780, or $23,131,
a decrease, as compared with the previous year, of £2,343, or $11,401
This result Is due to a decrease In the receipts owing to the had economic condition on the island arising from the destruction of the
plantations by the hurricane In 1903. The directors, however, are
glad to be able to report that the plantations have been restored, the
fruit exports are increasing, and during the ooming year should be as
large as formerly. A. heavy expense was also Incurred by a lamentain St.
ble aooldent In the oonduit pipe at the Rio Cobre, whereby, as the
result of a panlo, thirty three lives were lost. The Coroner's jury acquitted the oompany and its officials of all blame; notwithstanding
tuts the company was compelled to faoe a heavy and unforeseen expense, all of whloh has been charged to operating expenses. The
results from the lighting system in the parish of 8t Andrew Ii »ve bean
most encouraging, and the directors believe that their expeotatlonB
in this respeoi will be sustained. The power plant at the Rio Cobre
and the transmission line, whloh was reoently reconstructed to give
increased oapaolty, continue to give satisfactory results lu operation.
The road-bed, rolling stock and all the plant have been efficiently
maintained.
BARKINGS AND EXPENSES.
1902.
1903.
1904.
3,48J,«25 3,692,109 3,50 ,306
$131,166 $138,724 $129,-a0
65,374
67 918
63,701
(5076)
of operat. exp. to car earnings.. (53 Oi)
( 16*42)
Passengers carried
Gross reoelpts
Operating expenses
P.
o.
Netearnlngs
Interest, on bonds
Taxes on earnings
Surplus.
A sstts—
Prop, and
*75,022
$30,000
5,490
$61,136
$30,000
5,171
$39,532
$28,131
FINANCIAL STATEMENT DEC. 31.
$i9,265
$63,248
$30,000
5,117
,
1904.
t
plant...
.1,637,958 1,51<U3S
6,292
1 ,3:17
Accou-iis rcceiva'e..
Store*
nso
Culouial Gov't dep...
Cash
*
29.118
3,4
40,WOy
;:i
H.175
1 ,,H76
Liabilities—
Capital stock
Bonds
An- mots payable....
Accrue Int. on bds.
i
8.175
7,262
Unredeemed
Miscellaneous
Bank of Montreal...
Suspense accounts.
Total
1.5 .'5.160 1,609,880
C
I
800.000
tmo.ooo
19.73U
16,000
6,ft85
15,0
7S7
tickets.
auri'lus
Total
Directors.
1003.
1904.
1903.
Cumberland.
MILLS. FACTORIES. LANDS RAILROADS ETC.
MlUs at J«:. l.-on Clt<, KeietthvlUe, Leeronla, Gray'd Run, Loleta.
Mlna and Tiadaehton, Pa. Kxtraot factories and plants at O," F rt,
»t, Va
Chatta-,o ga, Tonn. Fml-hing pla r at Eliza
N.J M-chlce shopp at Cumberland. Mi.; Rtdcwav, Pa.
land* growing bark and timber, and other "real estate In New
York. P<-nn.»y;vanla, Wisconsin, Maryland. Virginia, West Virginia,
Georgia, Tennessee and Nor h Carolina, as follow*
Onmid
1; irk on
]: irk and
Contrarl u,r
»"/<:«•
trees onl /.
timberonly.
barko-Uy
1904.
1905.
says:
The directors declared a semi-annual dividend of 2 1* p. o. on the
preferred stock, payable August 15. This is the third payment of a
similar amount distributed by the company slnoa it resumed dividends. When the disbursements were discontinued two or three
years ago, the stook paid at the rate of 7 p. o. It Is said to be the policy
of the company to keep a fair surplus in reserve. The preferred stock
Is non-cumulative.
The company's new wire mills will soon be completed.
Special maohinery for the mannfactare of eteel wire springs
will also be installed.— V. 80, p. 1731.
(3;
42l,7i-0 acres.
$93,683,300
\Aab\Ut\ts—
%
%
Pref. oapltal stock.. 1.0"0,000 1,0"0,000
Com. capital stock.. .6,000,000 5,000,000
5 p. 0. bonds, 1923.... 1.9(10,000 U,"00,000
Surplus
488,120 487,800
Notes payable
574,1*8 802,000
Accounts payable...
99.398
199 075
Customers' advanc's
9,119
7.188
9,070,766 8.946,613
Total
Wei --viiie.
Davis,
k-aunock, Wisco- sin. New Creek,
r. well
Everett.
Cadet.
W.
37,397,600
75,000
50,000
The "Chicago Economist"
Tioga.
tu Choice, Tvr ,r.e.
in-aitan
Warret
Manor
•urn.
-h Center.
-
200,000
t
9B.991
479.M18
44,27o
260,000
Mdse., Adrian; rudse.,
3,00*6
,
<
Bonds
'
(2)
Total
1904.
Assets—
t
98,691
Cash, office A banks.
Accounts receivable 3t9.843
53.4'is
Bills receivable
stork.
Under the said Indenture the Central Leather Co. agree* to pledge
and deposit any and all additional shares of said The United States
Leather Co., as and when acquired, and also agrees to mortgage or to
pledge the other property, if, as and when acquired. In said Indenture
mentioned, and additional bonds can be issued only to a faoe amount
equal to the value of property additionally mortgaged or pledged
under said lndei tnre. The Indenture provides that if the capital stook
s'.ooks,
stk. outstanding.
payable
Current liabilities
Bills
81, p. 213, 208.
1906.
$.6,920,000
$11,919,300
$2,602,400
Total unissued
$40,000,000
$40,000,000
Grand total authorized. ...$45,000,000
The last Item of stocks and bonds "reserved for new acquisitions,
etc," Is applicable • (a) to provide for the retirement, and rrdemption
of the outstanding debentures of the United States Leaih-r C>>
namely, sinking fund 6 p. o. gold debentures, dne 1913, but tequired
to be redeemed at 110 and lnieres', at the rate of $400,000 annually,
amount now outstanding $5,280,000; (b) to acquire additional prop
erties; (c) to provide additional working capital, and (d) for the
general purposes f the new company.
"Under the provlsloLS of the plan of Dec. 17 1904, the stockholders'
committee has power, at Its discretion from time to time hereafter, to
permit th~ deposit thereunder of additional shares of preferred stock
and common stook, or either, of the United States Leather Co , and
m U-r its certificate of incorporation the Central Leather Co. has
power to purchase, among other things, additional shares of said
stock, both preferred and oommon, and other shares and property
deemed necessary for its corporate purposes."
Bonds— The first, ll»-n 20-year 5 p o. bonds due *,pril 1 1925 (authorized issue llmired to $45,000,000) are scoured by an indenture made
Apill 1 1905, to the Central Trust Co. of New York, as trustee, under
which oerttfloates have been pledged and delivered to the trustee for
$56.16 ,000 of the preferred stock and $60,000,' 00 of the oommon
stock of the Unl ed States Leather Co., whose total outstanding capital
stock consists of $62,282,300 of preferred stock and $62,-82,300 of
oommon
Com.
Page Woven Wire Fence Company, Monessen, Pa.
("Balance Sheet of June SO 1905 )
The balance sheets of June SO 1905 and 1904 compare:
$8«4,6a0
Preferred
sitions, eto
5%
bonds outstanding.. $28, 080,000
Pref. stk outstanding. 28,080,700
.
Common sk
Pref.stock.
Liabilities—
First Hen /5-year
$33,683,300
Total
—V.
— Issuable therefor if Desired.
,
acquired.
505
upon the consent
»3? 397,600
I28.0S0.000
Class.
*IS,' 00,0 10
83«
*28,0-0,0'iO
.
,
Common stock.
PC.
real.
TOTAL NEW STOCK -AND BONDS UNISSUED.
Leather stork.
8.
17.
P.C.
Pre.t.ttock.
Tefal.
30
.tJJi.l'iSO.OOO
Total so turned
Issued t^i ne» interests for reorKanli.itlou expenses, eto
(2)
)
.
THE CHRONICLE.
19<)5.|
created according to law, as now or hereafter enacted, provided.
always, that at no time shall the preferred Ktook be inoreasea wlhout
the hwb! f the boldeis or at least two-thlrda In Interest of the then
"
outstanding preferred stook <>r -he corporation
8ecukitiks isectDAND Reserved.- 1 he capital stook and bonds of
the Centra' L-atber On. (D have been leaned In exohauge for th"
share* of the United 8tates Leather Co on the basis below stated, and
$6.2C0 Ooo coiniuon stook has been Issued to "new Interests for their
co operation and for all services and expenses, whether legal, of com
mltti'es. biiLk-rs or otherwise, In ooueniuniittlDK thi* plan;" ( ') the
remainder of the new securities Is reserved to acquire the remaining
chares of the United States Leather Co. and for other purpjses, as
stated below:
/— rr. S.
:
,
.
58,289
'
44,158
85/ 60
114,082
1,596,1601,:'
-Jamew Hutchison, President; O.J. Fleet, Vice- Pre?i lmt;
H>n. David McKeen, W. Graham Browne, Henry Holgate, George M.
Webster, A. R.
Oughtred— V.
78, p. 1279.
American
Company.
(Report for Fiscal Year Ending May SI I9t
The results for the fiscal year compare as follows:
1904 05.
$142,419
218, »15
Total
.
.
.
tff for
depredation
Balance
Dividends. 12 per cent
Balance
profit
and
loss
1603-04.
1902-03.
$138,396
161,404
99
214.307
...$361,334
2H.773
$302,800
24.430
*310.«12
ii^oTl
Previous surplus
Net earnings
Charged
fcllae
»»78,870
•J74.3I8
186,968
13V'5l
$196,609
8142,418
»tj.:Q<
U5.052
*138.396
f\
THE CHRONICLE.
r>o«
OENKRAL I!\LANCE SHEET MAY
1915.
t
644.4^4
E00,«70
Asttls—
Onsh & debts rec
Mds^ tuifd, and
I
In
.
l,84O,H10 1.326,784
DriireHi
746,4fll
U'l est.. iuacb.& fix's. 7'9.51i
Stocks
lucent
good
own ed
371.160
800,000
3,775,386 3,74 1,375
T.,tal
Ib04.
lflfi5.
»
Liabilities-
%
1,301.300 l.StM.SOO
800,000 800,001
1,014,477 1,037.668
Preferred stock
Common stock
DebtM
1'roUrs reserved as
workliic capital....
Profit and loss
p. 626.
M. Guffey Petroleum Company.
(balance Sheet of J m. 1 1905. J
The following balance eneet was reoently filed with Massa
J.
chueetts authorities
Assets—
I
leaseholds, macn'r,
.steamship* und plant
.20,013,880
Real
est.,
Merchandise and stock
.
14 7 ,889
l,422,U84
prucess
Cash and debts receivable...
22.184,083
15,000/00
.
.
l,287,Bt<7
.
.
d«-bt
Floating deDt
Profit
and
loss
22,181,063
Total
(\uipare fitatement for tne allied Galf Refiaing Co. below.
—V.
78, p. 2440.
Golf Refining Company.
(Balana Sheet of Jan.
The following balance sheet was
1903.
$2,020,943
12,299
1902.
$1,898,921
5,900
$2,032,961
$2,033,243
$1,904,821
$1,753 768 $1,835,494
135,819
133,412
Insurance.
84,^92
91,010
Bond interest
120.250
120,250
Interest (ordinary)
83,207
62,621
Taxes
16,342
19,386
Depredation and miscellaneous.
20.801
5,742
$1,848,001
124,886
93,496
120,250
47,058
18,819
1,615
Total
Loss
$2,254,125
$349,304
Total
Expenses For operating vessels
Port, office, agency, Ac
662,383
5,000,000
333,-83
Accounts payable
Funded
In
Total
Liabilities—
Capital stock
1904.
$2,004,426
28,535
14*S,419
3/576,880 3,744,375
Total
ReceiptsFrom operating vessels
Miscellaneous receipts
460,000
460.000
196,6U8
800.C00
and
riguts
will
-V.79,
871,100
Oceanic Steamship Co.
(Report for Fiscal Year Ending Dec. 31 1904.
31.
19C4.
J
1 1905
recently filed with the
Merchandise
Cash and debts
1
084,fl35
1.417,487 1,020,788
504,962
rec'l. 619,771
Assets payable
Floating debt
Profit
3,881,866 3,210,385
Total
Compare statement for the
Co. above.— V. 78, p. 2445.
and
loss
<184,705
967,215
750,000
8J8.654
4,911
3,881.895 3,210,3?5
Total
allied J.
M. GafTey Petroleum
Accounts receivable. ..
$181,210
931,210
181,210
Emp. State Sug.
Co. outstanding 6s...
coup.
Total
$3,079,734
dairy supplies and appara'us, Alpha De
Laval separators, Dlsbrcw churns, butter tabs and boxes, es?« oases
and fillers, ice and refrigerating machinery. Faotorie?: Portland,
Ind.; Bay City, Mich.; Kansas City, Kansas Mankato, Mien; Elgin,
Office: No. 182-188 East Kinzte St
Chicago.
111.; Butternut, Wis.
Branches: Kansas City, Mo.; Minneapolis, Minn.; Waterloo, Iowa;
Omaha, Neb.; Oowansville, Quebec Dividends have been paid at
rate of 8 p. o. per annum quarterly in January, etc the last distribution having been made at that rate on July 10. The entire capital
took (all common), amounting to $2,500,000, Is now stated to be
outstanding.
$3,079,734
,
-^*-
1902.
$361,457
$293,794
19,261
deb.1,483
deb. 1,139
$418,308
$379,235
$302,396
163,877
55,948
36,698
9,617
142,754
62,635
25,165
8,725
109,931
41,627
20,538
7,219
$266,140
$239,278
$179,315
(5691)
$123,081
9,741
Expenses—
Expenses and taxes
P.
c.
exp. to earnings.......
(61*32)
Net earnings
$152,168
$139,957
93,233
11,178
93,250
3,292
4,254
4,754
889
Deduct—
Interest on bonds
Dividend on preferred stock.
Fee to State
Miscellaneous
Reserve
(60-79)
454
5,409
1,187
$102,250
$37,706
$99,846
$23,236
93,250
500
(net)
Rentals.
1,659
Total
Surplus
$111,263
$10,905
BALANCE SHEET DEC.
31.
19C4.
Assets-—
Prop. & plant
Leased circuits
Material & supplies.
Treasury stock ....
Treasury bonds
Currentassets
Deferred assets
Total
1903.
$
%
4,305,9(9 4,051,867
10,205
19.977
288.600
21»,000
106,135
3,008
30,652
890,000
105,000
99,927
4,582
4,952,834 4,685,043
LiabilitiesCommon stock.
Preferred stock
Mortgage bonds ..
Current liabilities
Deterred
Surplus
1904.
1903.
*
$
..2,000,000 2,000,000
..
500,0'
500,000
..2,0>-5,O0O 1,970,'
298,925
liabilities.
12.'783
58,126
Total
00
187,817
11.256
15,972
4,t'52,834 4,685,048
-V. 80, p. 1001.
Niles-Bttment-Poiid Company.
(Balance Sheet of Dec, Si 1904
The following balance sheets are furnished to the Chronicle through the courtesy of the Bureau of Corporation Statistics,
85 Nassau Street,
New York
City:
BALANCE SHEET DEO.
1904.
J
sS€iS~~
%
Real eat. &maoh'y 3.586,065
1903.
$
3.617,025
Merchandise
1,810,222 1,3^2,711
Cash* debts rec'ie 2.158,968 2.162,581
Office fixtures
4,347
Investments
4,746,942 4,702,661
Other assets
2 .,982
Total
-V.
80. p. p. 1734.
11,8<8.179
1^969^15
31.
1904.
1903.
LlabllitUsI
I
Capital stock
7,000,000 7,000,000
Accounts payable.
426,003
470,016
Profit- shar'g fund
8.-95
Ground rent
29.56?.
Surplus
4.112,145 3,845,800
Profit and loss.....
261,273
063.999
Total
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Alberta Railway & Irrigation Co.— Interest Payment,—
A
deb.2,919
Maintenance
General
Taxes
$241,055
89,298
Capital stooa paid In
(see below)
2,280,800
Surplus
468,581
ft
$100,837
20,381
Operating-
payable
Aooounts payable
Bills
,
110,510
3,000
4,809
66,119
payable
Accounts payable
Sarplus
Bills
United States Telephone Co., Ohio, Etc.
(Report for Fiscal Year Ending Dec. SI 1904 J
EARNINGS, EXPENSES AND CHARGES
"O*.
1903.
Earnings-
Gross earnings
Co.
Company manufactures
Total
Total
$1,478,068
$1,478,069
Authorized capitalization: Preferred stock, $2150,000; common
stock, $1,000,000; 6 p. o 25 year 1st mortgage bonds. $250,000.
President. Frederick Steigerwald, Lyons, N. Y., Vice-President, M.
L. Bouden. No. 71 Broadway, N. Y. City; Secretary and Treasurer, L.
H. Multer, Lyons, N. Y.—V. 80, p. 716.
Line rentals
Miscellaneous (net)
2 4
Liabilities—
$303,573
522,912
83,487
439,883
312,341
39,946
777,592
1,863
Tolls
10,622
(Balance Sheet Nov. 30 1904 J
Resources—
Met ch'diae inventories.
Good aec'tsA bills reo'e
Cash on hand
Real est. and bulld'ngs.
Total
stock.
First mort. bonds 6s. .
First mort. bonds and
16,704
8,453
6,641,045 6,473,319
Creamery Package MannfiCtaring
&
—
Common
Total
157,483
43:*.
Patents and franchises.
389
Insur. (uneain'd prem.)
Liabililict
Preferred stock
Works
6,641,045 0,473.319
Ma<ili , patt'ne.ch'ls.eto.
Office ftx'es
1 urnit're.
Lyons (N. Y.) Baet Sugar Refining Company.
(Balance Sheet of March 1 1905.
Assets—
Real est., plant, goodwill, etc
$1,104,740
300,000
Other Investments
Cash
58,760
Beet seed on hand
7,026
Stock and supplies on
1,065
2,914
Outside RR. switches
and scales
1,311
Bro. Co Current accounts.. 310,833
Hisdon I. & Loco.
I
t
685,400
136,535
75 .000
2, Of 0,621
260,409
Funded debt
Liabilitiest
t
Capital stock
2.500.000 2.5-0,000
Bond* outstanding.. 2.405,0u0 2,40»,003
Notes in favor of J.I)
SDreckle'i Bro.Co.1,400,000 1,400,000
Due J. I). Bprecules &
Union Iron Works
Miscellaneous
-V. 76, p. 976,
1P03.
1904.
:j.
I
$
4,378.142 4,3tf3.8M
112.2i6
Other property ....
98,490
Coil and BUDpliei... 114,247
135,792
Advance premium-. 86,961
45,916
Accounts receivable 64. "40
73 994
C«sh
3,0*1
3,420
Bonds purchased
5, '15
Miscellaneous
4,346
3 CIO
Deficit
1,916, 174 1,734,259
1904
19C5.
Liabilities—
Capital stock
19'
1904.
AS its—
Total
1904.
*
1905.
$2,215,179 $2,267,915
$182,218
$231,673
B4LA.NCE SHEET DEO. 31.
Fleet
Massachusetts authorities
Assets—
$
Real est., refineries,
bldgs., mach., etcLffci/W
Vol. lxxii
London periodical says:
Warrants have been Issued for an interim payment of 1 p. o. on the
5 p. o. debenture stock, and It is announoed that the balance of the interest for the period from Oot. 1 1901, when the oompany commenced
business, to June 30 1905, will be payable after the net revenue for
the nine months has been ascertained. It is the intention of the board
to make on July 1 In each year an interim payment of 2 p. con the
5 p. o. debenture stock, if in their opinion that can safely be done; the
balance of 3 p. c, if earned, will be payable after the accounts to
Jane 30 are made up, about Oct. 20 in each year.— V. 77, p. 2946.
Beaver Yalley Traction Co.— Change of Control—The
Philadelphia Company of Pittsburgh or its subsidiary, the
Pittsburgh Railways Co., has purchased from Sydney L.
Wright, W. Redwood Wright and W. Frederick Snyder, all
of Philadelphia, the bulk of the §1,075,000 stock of the Beaver Valley Traction Co. The following hav 9 been eleoted:
President. J. D. Callery; Vice-Presidents, Sydney L. Wright and
8. L. Tone; Seoretary. W. B. Carson; Assistant Secretary and Treasurer, J. C. Llghtfoot
Jr.-V. 77, p. 2158.
Buffalo LoeSpirt & Rochester Rj .—Consolidation— Acquisition,— Ihia company was incorporated in June 1905 and
is a consolidation of the Albion Electric Ry., toe Albion &
Richester Ry. Capital,
Lockport Ry. and the Albion
The Railroad Commissioners have
fi,000,000, all common.
granted permission to make a mortgage for $4,030,060. The
mortgage is made to the Lincoln Trust Co. of this city as
trustee and secures an issue of $4,000,000 of 50-year 5 p. c.
gold bonds, interest payable February and Aagust, of which
$1,000,000 are reserved for f ature extensions and acquisiThere are no underlying ltens,
tions.
Tne company intends to build 54 miles of track from Rochester to Lockport, at whioh latter point connection will be
made over the tracks of the International Traction Co. into
Buffalo. Also has trackage rights into Richester over the
tracks of the Rochester Ry. Co. Road is entirely on private
right of way except in cities and towns, where franchises for
99 years or perpetual have been granted. Tne road is now
under construction and is expected to be completed and in
operation to Branchport this year. Entire road will be in
operation in atoat a year.
Central New England Ry.— See New York New Haven
Hartford RR. below.— V. 79, p. 2841.
Central Railroad of New Jersey.— See New Jersey Terminal RR. below.— V. 79, p. 2642.
&
&
Chicago Burlington & Quluey RR.— Call d Bonds—The
England Trust Co. of Boston will pay at par on Aug. 1
Denver extension 4 per cent bonds due Feb 1 1923 to the fol$102,000 in $1,000 bonds and $2,203 in
lowing amounts, viz,
$100 bonds.— V. 80, p. 2620.
New
:
11,828.179 11,869,316
;
,li!.\
THE CHRONICLE.
29 19U5.
Chicago City By.— New Preaid-.nt.— First Vice-President
Mitten has been elected President.
Syndicate Profits.—The "Chicago later-Ocean" says:
The $36,0i>0.000. eyndloate which took over the oomnsny's stock
first of the year paid a dividend on July I at the
on the stook of the syndicate at par. So tar the
assessments on the underwriting syndicate have aggregated only 95
at 1200 a share the
rate of 4 1* per cent
per cent.
r>i)
7
These bonds are dated July 1 1905. due July 1
without Option of earlier redemption; interest payable
July 1 and Jan. 1, free of tax in Pennsylvania. They are
to be a first mortgage on the entire property, equipment,
franchises and private* rights of way n^w owaed or to tie acquired. Trustee, N. Y. Tr. Co., N.Y. City. A circular says:
The company Is a Pennsylvania corporation, ohartered Deo. 6 1901
$l,0C0 each.
1935,
capital stock, $1,000,000;
par of shares, $50.
K aucM-.H are per-
Compensation to City.— The city transportation committee petual and lnolude the right to transport persons, light freight,
on Jnly 20 approved the company's ctTer to pay the city of express and mall. The oompany proposes to build a modern eleotrlo
Erie and
WaterChioaeo $85,400 in full settlenitnt of all claims f:>r overdue lnterurban raUway between the olty ofhranoh to lhe towns ofSprings;
Cambridge
ford, Union City and Corry, with a
compensation and a flat rate of $5.C03 per month in the total system 42 miles in length, all hi Pennsylvania, aud entirely on a
future, beginning July 1.— V. 80, p. 2398.
private right of way exoeps In crossing public htgii w .y < and In oltles
Tee rills exoept on paved, etc. streets; substantial steel
Chicago & Western Indiana KB.—Bonds OJered.— Harvey or towns. The motive power will be four 50-horse p >wer motors,
bridges.
Fiek & Sons are offering at par and interest, by advertisement capable ot » speed of 40 miles per hour. Population tributary, 1,500
oi another page, $^CO,000 consolidated mortgage 4 p. c. gold per mile, will supply a profitable passenger and freight business.
Estimated cost of construction $800,500, including rights of way,
bonds, due July 1 1952.— V. 80, p. '2619.
franchises, organization, etc, $100,000.
Cincinnati Fleniingsbarg & Southeastern BR.— PurThe majority of the capital stock has been pooled for a
chase —This company, incorporated in Kentucky June 1 1905 period of three years to ensure careful mnnagement.
with §125,000 capital stock, In $10 shares, of which $25.0 ^0
Erie BB.— First Bivid-ni on Seconi Preferred Stock.
is 8 p. c. cumu'ative preferred, has purchased the narnwgange road of the dvington Flamingsburg & Ashland RR., The directors on Wednesday declared a first 4 p. c. annual
extending from Johnson via Fiemingsburg to Hillsboro, 17 dividend on the $16,000,000 second preferred stock, payable
milee. A first mortgago has been made to the Columbia 2 p. c. on O^t. 9 to stockholders of record Sept. 11 and 2 p. c.
Finance & Trust Co, of L misville, Ky. as trustee, to secure on April 9 1906 to stockholders of record March 12. The
$-0,000 of 5 p. c. 20-year gold bonds, dated June 1 1905, in- company's dividend record, which has heretofore been cont. reef D*c. 1 and Jane 1
at efflea of trustee. Denomination fined to the first pref. stook [aow $47,892,400], being, like
the second preferred, 4 p. o. non-cumulative, is as follows:
$500 and $1 0'j0. Sinking fnnd, $1,500 yearly. Officers:
—
,
(
Attllla Cox. President, Loutsville, Ky.; O. D. Lanier, Vloe President,
New York; W. N. Cox, Secretary and Treasurer; Attllla Cox Jr., Gen-
era Counsel; 8. S. Bush, General Manager;
all
with
otflues at Louis-
ville.
Cincinnati Hamilton
& Dayton Ry.— Joiit
Bjr.di.— The
&
$3,5lO,0uO Cincinnati Hamilton
Dayton-Pere Marquette
joint notes recently mentioned in this column are not a new
obligation of the system, but merely take the place of an
equal amcucit of Pere Marquette notes issued last year to
secure control of the Chicago Cincinnati
Louisville RR.
Co. It is not expected that any of these notes will come on
the market, as they are closely held by the small group of
men who were the builders of the Chicago Cincinnati
Louisville Railroad. —V. 81, p. 264.
&
&
& South-Westera Traction
Cleveland
— F.
&
<)o.— Bonds Offered
L. Fuller
Co., Cleveland, are offering at 97>£ and
interest $300,000 first and consolidated mortgage 5 p. c. gold
bonds due Feb. 1 1923, but subject to call at company 'a
option Feb. 1 1913 at 105 and interest. Total authorized issue
$3,000,000, of which outstanding (including bonds now offered)
$1,400,000; neld to retire underlying bonds, $1,600,000.
The
bonded debt of the system
is $22,000 per mile.
EAKSISGS FOB FIRST BIX MONTHS OF 1904 AND 1905.
1904.
1905.
V. 76, p. 1299.
& Northwestern R&.—Status.— President
Sam'l
B. Dick, Meadville, Pa under date of July 21, writes
The oonpons hereafter will be paid at the United States Trust Co..
the trustee under the mortgage.
The entire issue of $1,000,000
bt nds, with the exoeption of $37,000, are held by Mr. Culbertson and
myself, and. as we were wanting to use additional money in putting
in sidings to meet the growing demands of the business, we carried
our own coupons over, which is the reason why they were not paid at
the trust company. The balanoe of the oonpons were taken care of.
We have been very much delayed by the unusual season prevailing
In the mountains, as there was snow up to the first of June. The
property looks better than it ever looked, and since we got our third
rail Into Denver, allowing us to run our solid trains, both passenger
and freight, our passenger earnings for the first ten days of July
averaged $300 a day. Mines are staitlng up in every direction,
machinery Is going in, and we antlolpa"e in the next six months to
t-i-rn a handsome surplus over and above our
interest requirements.—
,
c
1905
4
Improvements.— President Underwood makes this statement:
"The necessary legislation on munlolpal ordinances having been
obtained to enable the oompany to prooeed with the extensive improvements whloh have been in conteinpla'ion forayearormore.it
The Improvements of
is now proposed to pinh the work vigorously.
tbe terminal at New York and Jersey City will be taken up immedldlately and work will be pushed rapidly on the new line to avoid the
heavy gr&da enoountered on the New York Division. Important
additions to the oompany's equipment will also be made. These Improvements snould enable the oompany to better care for the increasing business which has now outgrown its present facilities and to materially add to comfort and convenience of its patrons." -V. 81, p. 31.
p.
let preferred..
)
1901.
1902.
1903.
1904.
5
1^
3
3^2
4
Fort Wayne Bluff ton & Marion Traction Co.— Mortgage.
mortgage has been filed with the Guarantee Trust & Safe
Deposit Co. of Philadelphia, as trustee, to secure an issue of
$4C0,0G0 of 5 p. c. gold bonds, denomination $1,000 each, dated
June 28 1905, interest Jan. 1 and Jnly 1 at office of trustee.
The oompany was incorporated in April last with $550,000 capital
A
stock in $100 shares, of which $250,000 preferred, to build an interurban eleotrlo railway from Fort Wayne to Bluffton and Marlon.
Director*: President, Frank H. Cutshall, Samuel L. Morris, Harry E.
Verdermark, Fred. O. Baade and F. II. Schmidt.
Grand Trunk Pacific By.— Dates of Maturity and
Increase
Gross earnings
$204,753
$237,375
$32,622
Net earnings
60,278
28,205
88,483
"The Income shows a steady growth from year to year, and the comparative statement shown above assures a net surplus earning for the
year 1905 of approximately $ 100,000 after paying all bond interest."—
Colorado
Dividends,
On
:
V. 80, p. 650.
Columbia (S. C.) Electric Street Bailway, Light & Power
Co.— Increate of Capital Stock.— This company on Jnly 5
a certificate of increase from |f 03.000 to $1,600,000, $600,OcO to ba 6 p. c. preferred and $1,000,000 to be common stock.
The additional stock is issuable in connection with the purchas" of the Columbia Water Power Company's property.
S e V. 80, p. 1971, 2620.
filed
lonway Coast & Webtern BE.— New Officers.— James H.
Chadbourn has teen elected President and E. P. Schulken
S.cretary and Treasurer.— V. 79, p. 1266.
Cortland < oanty (N. ¥.) Traeti >n Co.— Bond i.— The New
lork State Railroad Commission recently authorized tbe
company to issue bonds to the amount of $320,000 for new
construction at Homer and other purposes. The new mort-
Interest
to the
Payments.— Tinder the provisions of an amendment
Aotlto incorporate this
way
company
it is
required that the rail-
be completed on or before D30. 1 1911. In preparing the mortgage securing the 3 p. 0. mortgage sterling bonds
guaranteed by the Government of the Dominion of Canada,
it was agreed that definitive bonds should be issued from the
beginning and that they should oover the period of construction and fifty years thereafter. The maturity of these
bonds was therefore fixed at Jan. 1 1962.
It was also
agreed with Messrs. Rothschilds subsequent to the issue of
heir prospectus that the interest payments should be as of
July 1 and Jan. 1, which would make a better distribution
0? the payments of the company's interest obligations, the
Interest payments under the mortgages securing the 4 p. c.
mortgage sterling bonds to be issned on the Western Division
and on the Lake Superior branoh having previously been
fixed as of April 1 and Oct. 1.— V. 80, p. 2457.
shall
1
Guayi (Jill & Quito (Eqn idor) By.— Bxtenti on— A press dispatch from Guayaquil announces that the company on July
24 began train service to Riobamba, capital of the Province
of Chimborezi, 9,064 feet above the level of the sea and 150
miles from Guayaquil.— V. 81, p. 155.
Hampton Rtads By. & Electric Co., Newport News, Va.—
Foreclosure SaU. — Ju ige Edmund Waddill Jr., in the United
States Court at Norfolk, Va., on July 24 ordered the sale of
thi« company's property at auction.— V. 80, p. 1058.
"Hartford & Springfield St. By.—Authorized.— The shareholders at a meeting last week authorized the increase cf the
capital stock from $500,000 to $700,000 through an issue of
$200,000 6 p. c. preferred. Of the new stock $100,000 will be
used to retire $103,000 of outstanding notes, and the remainder will be used to purchase the stook of the Rockville
Broad Brook & East Windsor Street Ry. Co.. which is building 14 miles of new road from Roskville to Warehouse Point,
Conn.-V. 81, p. 31.
Hocking Valley By.— Allied Coal Company.—See Sunday
Creek Co. under "Industrials" below.— V. 81. p. 211.
Lansdale & Norrlstown Electric By.- S iccessor.—See
$220,000 will cover cost of new power house, Little York exMontgomery Traction Co. btl^w.—V. 81, p. 211.
tension and various additions and betterments. Tbe company was organized in 1901 as successor of the Cortland &
Lehigh Valley Traction Co.— Riorganiz tticn — As a preH^mer Traotlon.— V. 72, p. 118?.
liminary to the consummation of the reorganlz ition plan, all
Electric City Ky., Niagara Falla, N. Y — Bonds.-TbeNew of the properties and franchises of the Lehigh Valley Traci jra State Railroad Commission recently authorized the
tion Co. and its subsidiary companies, recently foreclosed,
company to istue bonds to the amount of $500,000 for new were on July 25 turned over to the Lshlgh Valley Passeng -r
Passenger
gage will seenre $500,000 of 5 p. c, 33-year bonds, dated
Aag. 1. 1905, of which $130,030 will be reserved for retireinent of exbticg first mortgage bonds and the remaning
construction.
£
7i
ri «
*
Cambridge Uiiion & Corry By. Co.— New Enterprise.
T(iylor & Co ot Pittsburgh, together with their
-
STe nnderwrit,n
g this
• rvrT'
$l,0.0,0t0
i
first
mortgage
company's authorized is me of
coupon bonds of
5 p, c. 30-year gold
R-illway Co., the Philadelphia & L^higb Valley
Rtilway Co. and the Allentown & Slatlngton Passenger Railway Co. The directors and officers in each oase are:
Dlreotorsi Tom L. Johnson, Arthur K. Newbold, Harry O. Trexler,
E B. Smith, George O. Albright, William F. Harrlty and Oeorge H.
Fraz'.er.
THE CHRONICLE.
508
President, Harrv O. Trexler; Vioe-Presldent, El ward M. Yoong;
and Traas., George H. Frazler; Hen. Man., Warren S. Hall.
Seo.
conThese new companies. i is stated, will presently
solidated as che L-high Valley Transit Co.— V. 80, p. 2621
hf>
r
Long Island RR.— E eotric Train Service.— The line from
Flatbnsh Avenue 8tatiorj to Rocfcaway Park was placed under
electric service on Jnly 28, aad it Is expected that by Sept. 1
there will he in all about 25 miles of the road, including the
line from Flatbnsh Ave. to Jamaica, prepared f->r electric
trains.— V. 81, p. 211, 81.
Macm (Qa ) Ry. & LUht Co.— Ear nings.—Th.<) results for
the month of Jane and the half-year endiag Jane 30 follow:
(irons
June
Net
Fived eh'ges. Balance,
earnings.
earnings, int. <£ taxes, su-plus.
(1 month)
$1,'<04
$6,241
1905
$23,288
fll.145
1901
20,119
9,330
1,U1
5.219
$29,423
24,196
$23,180
14,825
6 months.
1905
1904
$118,568
108,124
$^2,608
39,021
—V. 78, p. 343.
Massachusetts Electric Companies.— Refunding Notes
Approved. The shareholders yesterday duly approved the
proposl'ion to issue $1,500,000 4^ p. c. 5-year gold notes, of
which 12,700,030 to refund the issue due Jan. 1, 19 16. See V.
81, p. 265.
Metropolitan West S'de Elevated Ry., Chicago.— Ordinance Not Accepted —The board of directors on Jnly 17 decided not to accept the ordinance passed by the City Council
giving the company the right to carry express and milk on
account of its burdensome features.—V. 81. p. 212.
Mexicio Gulf Coal & Transportation Co.— Sale —At the
foreclosure sale the property, including, it is said, several
large mines and 50 coke ovens at or near Howe, I. T., and
200 coke ovens at Alderson, I. T., was acquired, it Is stated,
f oi |80,000 by the Dr-goan
McConnell Coal Co., reoently
incorporated with a capital stock of $2> 0,000. The sale is
understood to have been made in foreclosure of a $200,00
mortgage, under which the Provident 8avings Bank & Trust
Co. of Cincinnati was trustee. V. 81, p. 35.
&
—
man
N, J
[Vol. lxxxi.
of Philadelphia.
is a director.
Wilbur F. Sadler
Jr.
of Trenton,
,
Oklahoma City Henrietta & St. Louis RR.— Mortgage.—
This company, which was incorporated in Oklahoma in December last with $3,000,000 capital stock, since increased to
$6,000,000, has made a mortgage to the Trust C mapany of
America, New York Ciry, trustee, to secure an issue of
$6,000,000 40-vear 5 p. c. bonds. The company proposes to
build from Woodward, O. T., via Oklahoma City, to Checotab, I, T., 280 miles, and thence potslbly to St. Louis.
Incorporators:
H. W. Cle«r*n, John H. Dibble.
J. H. Wheeler, J. W. Pryor and John
Oklahoma City. O. T.
Petaluma & S mta Ruwa f Electric) Ry.— In. Operation.—
The firBt car ran into Santa Rosa on June 30.— V. 80, p, 1913.
Philadelphia
Company,
Pittsbargh.— furchase.— See
Beaver Valley Traction Co. above.— V. 80, p. 1913,
Philadelphia & Western (Electric) RR.-Ssle of Bonis.—
This compauy has let contracts, or partial contracts, for its
propoped high-speed, double track electric railway between
63rd and Market streets, Philadelphia, and Bryn Mawr, and
expects in the near future to build to Parkesburg, Pa., 44
miles, and later, if results justify, to York. A block $1,610,00 bonds, it is announced, has been sold to a St. Liu's party
at or about 90.
W. P. Van Brnnt is President and L. N.
W.
Shartell of
)
&
Downs (President of the projected Philadelphia
Schuylkill
Valley Ry\. chartered to build to Norristown) is Treasurer.
George J Kobusch of St. Louis and associates are reported
as backlog the enterprise.
Pneumatic Transit Co.— New Stock.—-The shareholders of
this New J-rsey corporation will meet Aug. 4 at No. 106
Market St., Camden, N. J., for ths purpose of increasing the
capital stock from $M)0,000 to $1,000,000, "of which total
amount $500,000 will be issued as preferred stock." George
Murray is Secretary.— V. 75, p. 736.
Rochester & Eastern Rapid Ry. — Change in Control
A press dispatch from Syracuse on July 22 says: "Horace E.
J.
—
Montgomery T radio
Co., Pennsylvania.— Successor Andrews of the New York Central- Andrews trolley syndicate
Company.— This company was incorporated in Pennsylvania announced here to-dav that the syndicate had acqoired the
i
on July 6 1P0> with $250,000 capital stock, as successor of the
Lansdale & Norristown Electric Ry., foreclosed. (V. 81. p.
211).
The new oompany has made a mortgage to E. P, Wilbur Trust Co. of South Bethlehem, Pa., as truatee, to secure an issue of $250,000 of 5 p. c. 30 year gold bonds of
$1,000, dated July 15 1915, subject to call at the company's option at 102J£ on or before July 15 1908, aad thereafter at If 5. W. A Hay of Easton, Pa., is President, and
Gaorge A Reed of Bethlehem, Secretary and Treasurer.
Morris County (N. J.) Traction Co.— Mortgage.— Thi3
company, incorporated in New Jersey in 1898 with present
authorized capital stock of $3,000,000, of which $400,000 is
outstanding, par of shares $'00, has made a mortgage to the
Trust Company of America, New York, trustee, to secure an
iasue of $3 0(0,000 5 p. c. gold bonds of $1,000 each, dat*d
June 15 19 /5 and duo in 1935, but subject to nrior r^demp
tion at 110; interest payable D'.o. 15 and Jane 15 at office of
trustee. The road is in operation for a distance of about 1%
miles from Wharton via Dover to Rockaway, N. J and re
mainder is under construction; total extensions proposed,
60 niil^s. The mortgage covers the road constructed as ab <v*
described and the roal now building in the townships of
Springfield, Union and Milburn, as well a3 all road, equip
ment and other property now owaed or hereafter constructed
or acquired. Pcesident, Robert D. Foote; Secretary and
Manager. F, H. Alleman.
New Jersey Terminal RR. ?oZ J.— This property has been
Rochester
& Eastern
directors and officers
Rapid Ry." Oo Jaly 27 the following
were announced:
Directors: E V, W. Rosslter, W. C. Brown, John Carstecsen. W. Day Wllgns.
K. Vanderbllt Jr.. Albert H. Hirris. all of New York: H. E. Andrews and
J. S-anley of Cleveland O.. and Walter N. Kernan of Utica. N, Y. Officers:
President. H. E. Andrews; Vice-Preslden', W. K. Vanderblt Jr. Secretary,
Walter N. Kernan, and Treasurer, Charles B Rogers ot Utica.— V. 80, p. 2345.
W.
;
RaMand Street Ry.— Receivership. -At Bu>-liug f oti.Vt., on
Wheeler
July 20 United States Circuit f!oart Judge Hoyt
appointed General Manager D ivid F >x as receiver of the
property on petition of Douglas Robinson of New York,
receiver of the Merchants' Tru*t Co. The railway, it is
stated, is proving profitable, but the receivership is thought
desirable in order to protect the largo interests of the trust
company in the property. V. 80, p. 2220.
St Lonis St. Charles & Western (Electric) RR.— Soli.—
At the trustee's sale on July 24 this electric railway w»s bid
in for a syndicate of S*. Louis capitalists, beaded by Fes'us
J Wade and Thomas W. Crouch, for $495,000.— V. 80, p.
H
—
2200.
,
Louia & San Francisco RR.— Ex hange of Trust Cercompany has issued «. circular announcing
that the holders of a satisfactory majority of the tru-it csrtificate8 rapressntiog the common stock of th9 Chicago &
Eastern Illinois RR. have agreed to exchange the said cirtifiha'-es for new certifioa es for $1,^00 ea:h to be issued in
respect of four shares each of the com aim stocks of tin C,
& E. I. RR. Tae new certificates have been engraved and
will be deposited before Ja'^y 31 with the Colonial Truitt C >.
sold to the Central R ft. of New Jersey. Compare V. 80, p. 1174
certificates
for the
New Mexico Railway & Coal Cih—Bond OJering.—See ad- for exchange of July present outstanding1857 V 81, within
SeaV. 80, p.
31.
ninety days
p. 286.
vertisement of Kiiiiiicott <te Potter of New York on pge
St. Louis Watkins & Golf Ry.— New OJL-era. —Tais road,
xiii of last week's Chronicle,— V. 81, p. 208.
New Orleans Railways & Light Co.— New Securi'iis having passed under the control of the 8s, Louis Iron MounSouthern (Missouri Pacific system), the following
Realy.—Tiae rtorganizition o^ the New Orleans Railways Co, tain &
directors and officers were elected
having been competed, the New York Trust Co. d-po?itary,
President, George J. Gould, Vtoe-Pre9ident8, C. 8. Clark and H. B.
is now delivering the securities of the New Orleans Railways
Kan-; Treasurer, D. S. 8mlth; H. G. Bernstein. F. C. Hudston, T. T.
& Light Co. ('he new company) in exchange for cercifieate^ Taylor and J. B. Watblne, directors.— V. 80, p. 1236.
of deposit. Temporary bonds are being distributed pending
Southern Ry.— Favorable Decision. Juige Pritchard ia
the completion of the engraved bjnds. -V. 80, p, 232 i.
the United States Circu't Court at Ashe-ville, N. C, on Ja'y
New York N«w Haven & Hurtfard RR.— Rebuilding of 20, in Khe action broag'at by Henry M. Ca nam' dsm of AuPouahkeep&ie Bidge, Contracts for the re enforcement of gusta, Gi, as owner of 100 shares of Soathern Ry. stock,
the Poaubkeepsie bridge, involving an expenditure of about denied the application for the aopointmonfc of a rflc^iv-r of
$1,500 000, have been awarded, and it is exoic^d the work the South Carolina & Gr orgia Ry. Th3 comolainmt allege!
will be completed within 16 or 18 months.— V. 81, p. 265,
that the S. C. & G is a competing line to others owned aud
New York CeKtral & Hudson Kiver RR,— Troll y Acqu^i controlled by the Southern and that its op?ration results ia
Urn -See Rochester & Ejs Ripld Ry. below.— V. 81. p. 31. a loss and is a burden, instead of a benefit, to the stockholdNorfolk (Y.1.) Railway & Light Co.— Earnitgs.— The re- ers of the Sinthern Ry.— V. 81, p, 156, 83,
sults for the balf year ending Jane 30 are reported a3 follows:
Toledo Urban & Iuterurbaa Ry.— Description of PropThe " Eogineering N^ws" of Ja'y 13 1905 contained
Half
(frost
Net
Proportion Fixed eh'ges, Balance. erly
year.
earnings.
earnings.
Oo's owned, int <6 taxes,
surplus
au illustrated article regarding the p^rminent way and
St.
tificates.— The
f
—
—
:
—
—
1
;.
—
1905
1904
—V.
—
$3*3.475
$1.23,3 »2
296.-J80
105,417
$i2.490
20,325
$115.72 J
98,315
$50,162
27,427
79, p. 968
Northumberland County Ry. & Light Co., Sutibary, Pa.
CoMolilatim,— This company was incorporated In Naw
Jersey on June
8, 1905, with $1,010,000
balf is 5 p. c. cumulative
authoriz-d capital
preferred, to merge
Electric Illuminating Co. and the Runbary &
Northumberland St. Ry, Co length of road, 4 miles; par of
shares, $100; no bonds issued. President, T J. Callahan;
Treasurer, William W. Hepburn; Secretary, George Park-
stock, of
which
the Edison
;
-V. 80, p. 718.
MoSiawk Valley Ry.— Power.— See Hudson River
U:ica &
Electric Power Co. under Iadustrials below.— V. 80, p. 1236
structures of this 60-mile trolley road.
RR.— First Dividind.—The
directors of this con2l declared a dividend of 2 p. c.
upon the stock, piyable in cash on Au^. 5 1905 to s'ockhold
ers of record Jaly 27th. Creeks for the above dividend will
be mailed to all stockholders who have filed permanent dividend orders with the Farmers' Loan& Trust Co., New York.
Vandalia
solidated
-V.
company on July
81, p. 2.3, 33.
:
:
July
THR CHRONICLE.
29 1905.
—A
press
Virginia & Trnckee KK.— Successor Company
dispatch from Reno, Nev., announces tbe incorporation of
this company with $5, 000,0 10 authorized capital stock as successor of the Virginia & Truckee Ry. The nt-w ompany,
which ha? taken a deed to the property, is authorized to
build the Gardnerville branch in Douglass County, 23 ml'e3.
Directors:
D O. Mills. President; H. M. Yerlneton. Vioe-PreBldent and General
Kckley. James Newlai da Jr
Mat auer; W F. Deal. W E Sharon. K.
J. M. Ardery and George r. Mills, directors. The Bai k or California
W
,
named as the corporation's depository.— V. 81, p. 266.
rTeetim Mai} and KK.— Co nsi I id liion of Sublunary
Rca<iH utih Pare it Comyany.—A$ foresralowed Inst wien
(p. £66), the consolidation of the system will be tffoed by
merger into the Western Maryland RR. of the following
subsidiary compauifS, meetings for this purpose to take
Is
viz :
Potomao Valley of Maryland. Potomao Vallfy Railroad of West Vlr
gtnla. Western Maryland Tldewa'er Railroad, Piedmont & Cum' er
land Railroad of Maryland. Piedmont A Cumberland Railroad of West
Ylrglrla. W«st Virginia Central A Plttsbnrgh of Maryland, Went Virginia Central & Pit"* burgh of West Virginia and tne Coal A Iron RB.
place early in the
Compare
V. 81,
p.
fall,
266.
509
tlon to the amount of their respective deposits, and, next, to the
depositors of preferred stook of the American Cotton Co., and any
surplus to the depositors of the oommon stock."
The Metropolitan Trust Co. is made depositary in place of
the Banker i*' Trust Co. D posltors who do not withdraw
their st onri ties on or before Aug. 12 1905 will be bound by
the modified plan. Operations, it is understood, have been
curtal'ed within narrow limits.— V, 80, p. 1973.
American Hlae Co.— Nao Managemint. — At the annual
meetirg iu Trenton, N. J on Joly 25, the following directors
were elected, the opposition to the old manasement casting
L\7i 9 shares out of a total outstanding Ueue of 21,000 sharet
,
New
directors:
John
R. Morron, formerly Vloe- President of the Dia-
mond Olue Co Chicago; John M. Graham of International Trust Co.,
foiton; J. P Lyman. Ashby, Mass; Charles Delanov, Philadelphia,
.
Pa; H. I. Thayer, Wak> Held, Mass; Roger Upton, Secretary of the
company; E H. Talbot of Boiton.
Reelected: Frauk W. Stanley, Bet )amln Tenney, C. O. Whltten and
Ransom
B. Fuller
[Eleoted for 'three years exoer-t For two vears, Charles Delanoy,
Lyman. For one year-RanBom B. Fuller, H. L.Thayer.]
Jesse P.
:
John R Morron was elected President. Everett J. Stevens
and Ri ger Upton were re-elected respectively Treasurer and
Secretary,
Wheeling & Lake Erie RR.— Fo?i Is— CV nnecting Line.—
R port.— See page 505 of this Issue.— V. 79, p. 625.
The issuance of the first blook of bonds under the new mortAmerican Hide & Leather Co.— Third Quarterly D vldend
gage, it is understood, has been deferred and will p-obably
not take place until some time next year, after the WnbHsh (n t referred Stock,— The directors on July 25 declared the
hlrd regular quarterly dividend of 1 p. c. upon the $12,548,eyBtem has demonstrated tbe earning capacity of Its Pittaburgh connection. President Delano is quoted as afprcvlDg 3(0 preferred stock, payable Aug. 15 1905 to stockholders of
record July 31 1905.
suoh action and as saying:
The following official statement was given out
syndicate has disposed of Its propThe foot that the Little Kanawha
erties to o*her Interests will In no way Interfere with the Wabash's
At the meeting to-day of the board of directors all the direotora
plans for getting to the seaboard. There are many ways to balld to were present and voted for the deolaratio a of thu dividend, the same
onr Eas'ern oonneotions, and these plans are to be taken up this fall.
Jnst now,
will probably be i-tarted on the line next spring.
howevi r, I am not In a position to mafce publlo the movement-* of the
Wabash In this direction, but it is a certainty that a re ur« hrongh
Greene County, which will give as a oonnectlon with the West Virginia Central ar<d Pittsburgh, oan be obtained ard will be. [Compare
Little Kanawha RR. In V. 81, p. 26*.]— V. 80, p. 2221.
Yosemite Valley RR.— Bond Issue.— The shareholders wil
vote Sept. 18 on ina&mg an issue of $2,000, 0C0 bonds. The
Secretary is Julius H. Ellis, Mills Building, San Franoisco.
The work
1
INDUSTRIAL, «AS AND MISCELLANEOUS.
Al.-hama Steel & Wire Corporation, Birmingham, Ala.—
Ntte
S
ock.
— Tnis
Connecticut incorporation has
filed
tificate of increase of capital stock from $5,000,OJO
ferred] to $6.500,000.— V. 79, p. 2749.
a cer-
[half pre-
Allegheny Steel Co.— Successor Company. — See Allegheny
Steel
&
Iron
Co
,
below.
Allegheny Stetl & Iron Co., Pittsburgh.-SaiV.-This
comp&nj's property, it is annourced, was sold on Jane
22 to the Allegheny Steel Co. for the purpose, as stated, of
eliminating some of the smaller stockholders o? the old corporation at d of extending the plant. The company is oper
atirg two 50-ton 9nd one 35-ton cpen-bearth furnaces, blooming mill, billet and eheet bar mills, a 72-inch plate mill and
seven hot and five cold sheet mills. The later-State Steel Co.
Is
a subsidiary cotcern.
The fficers of the Allegheny Steel
(
Amalgamated C<>pp«r Co.— Favorable DeiUion. —The Su
preme C< urt of Montana on July 24 reversed the decision of
District Judge Clancy, rendered two years ago, awarding to
the Uiiited Copper interests certain ore bodies under the surface of claims owned by the Washoe and Anaconda Copper
cempaniea on the theory that they were lateral portions of
the Nipper vein, The evidence, it is held, does not sustain
tbe verdict of the lower court, which, it is stated, also errtd
in excluding material testimony tandirjgto prove the contention of the defendant that the vein croseed the Nipper claim
in a nonh atdsoutb, instead of an east and weBt direction.
"These beiDg side line*" the plaintiffs would have no extraIt teral rights.
A new trial was granted. Compaie V. 77.
p. 513 -V. 81, p. 266.
American ( otton Co.— Plan Modified.— Thereorgan zatlon
commiitfe, Cornelius N. Bliss, Chairman, has issued a modified plan dated Joly 25 1905.
This plan anruls articles III
to VII, inclusive, of the plan of Aug. 19 1904 (V. 79, p. 787),
regarding the capitalization of the new oompaL>y. the terms
of exchange of old for new securities, and of subscription for
new first mortgsge bonds. I r also aotborz^s the committee,
in its discretion, to acquire the assets and good-wiH, and all
or part of the capital stock and indebtedness of the subi'.d!.
aiy companies and the American Cotton Co. Tne committee
is empowered to ot tain the funds necessary for this by underwriting syndicates, loans, subscriptions from depositing
stockholders, or by any other means. To further the interests of the depositors the committee may, if r> quired, b )rrow
not exceeding $l,5CO,000, including the turns already borrowed by it.
The committee may transfer 'he properties acquire! to a new cor-
pora'UD, retaining oontrol until the latter'* stocK be dlsp I
<>f or
dls ribnted.
"The committee shall be f-ole Jadgi of th» tlmn and
manner in which distribution, partla or Hnal, of the t>r
ill <<f
1
among in
importation oredlts
over $2,000,000.
depositor*, pr..^ id A that a:l
•uch proceeds »hall be dl»lded pro rkta among ihe depositor* <>f
debenture bonds of the American Cot'on Co. and of notes of and
Claims against said oompany and Its subsidiary companies, in ; ropor-
Cash and aoo junta receivable are
$36,880.
Is
The extremely high prloe for light hides wfci h has recently
been ruling led some to fear that the dividend might be
omitted or reduced. The "Boston News Baraau" on July 6
published the following Chicago quotations for buff hides
dorlng June In each of the last fourteen years:
PRICB OF BUFF HIDES IS CHICAGO [CENTS].
1905, *04, '03, '02,
8i*
12
9
'i
V. 80, p. 474.
'.
—
'01,
'00,
8\
8i*
'93, '92.
'99, '98, '97, 'C6, '9S, '94,
10i* 8 34 6i*
3>*
9H
9i*
4
4%
Amer?ean Pipe Manufacturing Co.— t'ub idiary.— See
Noith Springfield (Pa.) Water Co., below.— V. 80, p. 2343.
American (Bell) Telephone & Telegraph Co.— Collateral
for BlwIs.--The securities pledged as Cullateral to secure
quaily this ccmuauv's $78,000,000 4 per cent bonds dae 1929
are pledged as collateral for an issue of
[of whic^ $"25,0!
$20,000,000 5 p. o three-vear gold coupon notes, due May 1,
l9>7]aod the 119,000,00) bonds (4s) of the American Bell
Telephone Co. are as follows:
Stocki.
Bell I'elep. Co. of
New Eng
Telep
A
Pur Value.
Cinada
.
Teleg.Co.
Western Electric Co
Co. are Capt. Alfred
Hicks, President; H. E. Sheldon, Treasurer, and R. D. Camp
bell, Secretary.
Oreo. &.. McLean, Vice-President of .be
old company, has sold his stock and retires. The new company has cu f ttanding $300,000 of capital stock, all cf one
clasp; par of shares, $100; no bonds.— V. 78, p. 1277.
reorgan'zjtlon ehal) be u.ade
having been earned. Messrs. Jone*. Caesar, Dioklnson Wtlmm A Co.,
the publlo aoooantants, are at pre.-ent at work ou their annual audit,
and when the same has been completed the annual report, la the
usual form, will be presented at the annual meeting and mal'ed to
eaoh shareholder of record. The President says that to-day the company's aoo unts payable are $575,000 and the entire amount on
N. Y. & N.J. Telpp. Co
C')'or^do Tekph'>ne Co
2:tt\V
Missouri* Kan. Telep. Co..
Telephone Co. ..
Pac.Staies Tele. & Tele. Co.
Ceot. Dtst.i Print. Teleg.Co.
Providence Telephone Co..
S»uthe rn N. K. Telep. Co.
Bell Telep. Co. of Missouri.
Bell Telep. Co. of Buffalo...
.
.
Chicago Telephone Co
A Sub.
11,*9R,850
1.20S.Si01
N<;bi»9fea
Clncln.
14,:'8:v>0<>
7,a0i{,«C0
Bell Telep. Co. of Philadelphia, pur $5'i
Bell Tel. Co.
1,«39.600
I.w*,'i00
7,011,0 10
8.6Hrt,*)0
99.25P
1.491.H00
2,849,3
3/'3l."0i
7.240 000
1,180,450
'
Par
Storks.
i:\0il.7CO
Cleveland Telephone Co ...
Cumberland Tele * Tel. Co.
Hudson River Telep. Co....
No'western Teiep. Ex. Co..
Pennsplvanla Telep. Co. ...
Rocky Mr B-ll T iep. Co...
Routhw'n T^l-g.A Telep.Co.
Winconsin Telephone Co...
Valut.
$8W7.000
8, >9H
000
is,<ig8,400
1,0*9,800
1,888,800
1,147,300
I,i9',500
501,400
::<>n1s—
Central Union Tele. Co. 6s.. $1,000,000
000
2
I'.waTelepbooe >'o "8
581.00J
New Kr g. Telep. Jt Teleg. -is
.".Ol.OUO
Bell Telep. Co. of Canada 5s
100.O00
Duluth Telep. Co. 1st M. 8».
11U.0J0
Cons. mort. •'»
190,100 600
Total
"The value
of this trust property ascertained in accord"
ance with the term? of said indenture is $118,328 0^2
Sea also total capitalization of subsidiary companies in
1902,
A.
V. 78, p. 596.— V. 81, p. 33.
Bioth & Co. (Fish).— Guaranteed Bondn Offered.—Sae
Midl.nd Cold Storage Co. of St. Paul, Minn., beloiv.
Eivdin In.— The company has set aside the regular dividends of 8 p. c, on the preferred and 3 p. c. on the common
for the present fiscal year ending April 30 1906, payable
sunl-annnally, namely Sept. 1 and March 1 on the preferred
stock and Jane 1 and Dae. 1 on th9 common. These are the
same amounts as declared last year, Compare balance sheet
V. 81, p. 263.
Brunswick Hotel Co.— See Brunswick
Site Co.
below.— V.
76, p. 1067.
iirun-wick Site
Company
of
New York.— Incorporated.—
Albany on July 13, with
by the underwriters of
he Brunswick Hotel Company's bondn, interest on which
Tbl«
company was incorporated
$2 010,(0) authorized capital
at
stook,
is In default, the plan for building the new hotel never having been carried out.
(V. 75, p. 1205; V. 76, p. 1087.) On
July 27 Brnnswick S te Co. begin an action In the Supreme
Court against ihe Brunnwlck Construction C to foreclose a
morrgage for $150,0(0 on the block between 28th and 27ih
ntreets, which was to have been the site of ihe new structure. The directors of the new company «r
Oeorce n. RoDIdbop, O. LouU Boiaievaln, Alfred d Evan*. w »lter
fleer, Wl he mas Mynderae, John «. Hoyr, of New York City, B. P
Cheney of Boston.
Central Iron & Steel Co., Ilarri-barg, Pa - s'.I- of
>.
:
Bonds. -The $l,5OJ,C00 first urrtgHge bonrta •vhloti were
authorized by the shareholders on Jaly 20J have been sold to
THE CHRONICLE.
10
H jnry & West of Philadelphia. The bonds are to be sinking
fund 5 p. c. gold bonds, dated Aug. 1 1905, due Aug. 1 1925.
Harrisburg Trust Co., Harrisburg, Pa., trustee. A circular
[Vol.
& Socs (V. 80, p 715,) is secured by deposit with the
Standard Trust Co. of New York, as trustee, of the followFisk
ing ootids,
all
except as indicated bearing 5
says in substance:
The Central Iron
<V Steel Co.. next to the United 8tates Steel Corporone of the largest producers In the United States of finished
plates of all hinds, suoh as boiler, tai k, firebox, ship and bridge
plates. The company hts an author.' k -.-d oapltal stock or $5.000. OiKi,
of which $i,180,OuO is issued and outstanding, and on wh'oh dividends
over the past sevjn years have averaged 5 * p. c. The average net
earnings lor the same period have.been in exoese of $200 ooo per
annum. The proceeds of the. e bonds'wtll be uS6d to retire the fl mating
debt oreated by the purchase of the Paxton furnaoes, and the erection
of a steel plant, and for a controlling Interest in a large L*ke Superior
ore mine, from which the company will shortly be receiving ore. The
balance will be used for betterments and extensions to the property,
which when spent will make a total Investment in the property of
approximately $3,200,000. The company, Incorporated iu Pennsylvania, was organized in 1853 and employs about 1,500 men.
Edward Bailey is President; James M. Cameron, VloePres't; 8. B.
Boude, Sec James B. Bailey, Treas and Gen. Manager. DirectorsWilliam H. Wallao*, J. F. Kernoohan, James McCormlok, Henry B
McOormlok, V. O. MoOormiok, James M. Cdineron, Edward Baltey,
Chas. L. Bailey and James B. Bailey. See V. 80, p. 2460; V. 81, p. 33.
Chicago & Northwestern Telegraph Co.— Successor Com
party
See Chicago
St. Paul Tehgraph Co. below.— V.
ation. Is
1
;
—
&
80, p. 1974.
Chicago & St. Paul Telegraph Co.— Reorganiz d Company. This company has been incorporated under the laws of
Wisconsin, with $100,030 capital stock (no bonded debt), as
successor to the Chicago & Northwestern Telegraph Co. (V.
80, p. 1974), whose property was recently bid in at foreclosure sale by the bondholders' committee. The property
of the new company has been leased for 99 years at 3 p. c.
per annum on the capital stock, payable Mar. 1 and Sept. 1,
to the Western Union Telegraph Co., which guarantees dividends at the rate named.
Diamond State Steel Co,— Reorganization Plan.— The
shareholders are requested to deposit their certificates with
receivers Wallace and Winchester und^r the terms of a re-
—
organization plan which provides for the organiz ition of a
shall purchase the property, subject to
approval by the court, for a sum sufficient to pay the unsecured debts, receivers' expenses and defaulted bond interest.
new company which
The new company will have |8,COO,000 common stock, $',009,000 preferred stock and $500,000 working capital, and it will
assume the existing mortgage debt. " The stock of the present company will be purchased at the rate of 12>£ p. c. of the
par value of the common stock and 33 1-3 p. c. of the par
value of the preferred stock, payment to be made in the common stock of the new company."— V. 80, p. 474.
Eastern Telephone & Telegraph Co. of Philadelphia
Consolidated Mortgage. The shareholders have authorized
an issue of $1,000,000 consolidated mortgage bonds, a portion
of which, it is stated, will be used to extend the company's
—
—
line in
New Jersey.— V. 69, p. 1195.
Bond & Share Co.— Preferred S:oak
Southern
Electric
Offered.—
Sons are offering at 92^ and interest
$500,000 of this company's $2,000,OJO 5 p. c. cumulative preferred stock, subject to call at 110— par of shares $100. This
stock also has preference in case of any distribution of assets
Harvey Fisk
and
&
tax exempt in
New York
dividends are
payable quarterly, February, May, August and November, a
quarterly distribution of X% p. c. having been declared payable Aug. 1 to stockholders of record July 15. The company
was incorporated at Albany on Fob 28 1905 as a subsidiary
of the General Electric Co., which owns the entire $2,000,000
is
State.
Its
common stock. A circular
says:
organized w'th power to purchase bonds, stook or
other forms of securities resulting fiom. electrical developments, suoh
as electric street railways and electric light and power plants. It
begins business with itsoapUal stook isab >ve] fully paid up and with
a surplus estimated by its officers, after a oarefnl appraisal by a special committee appointed for the purpose, to be of the value of $ i*0,
OOO. All of the common stook is owned by the General Eeotrio Co.
The preferred stook has a 5 p, e. cumulative preference as to dividends, is also preferred in any distribution of asset \ and is further
protected by a provision in the certificate of incorporation that no
dividends shall be paid upon the common stock unless there shall
remain, after the payment of such dividends, a surplus equal to at
least 15 p. o. of the par value of the then outstanding preferred stook.
The preferred stcck can never be inoreased to suoh an amount as to
exceed the amount of the then outstanding common stock, and may
be retired upon any dividend date, upon ninety days' notice, at 110 p.
The corporation is forbidden by its certificate of incorporac. of par.
tion to mortgage, pledge or in any way hypothecate any of its assets
without the assents of three fourths of the preferred stook. It is also
forbidden by Article VII. of its By-laws (which Artlole oannot be
amended except by a nine-tenths vote of all stook then outstanding)
to buy or oontraot to buy any securities nnless the corporation at the
time of making such contracts has cash in bank suffloientto pay for such
securities or has made provision by whloh it will have cash to pay for
the same at the time the same may be delivered. It is the intention of
the company to keep out of debt, and these restrictions are designed
to carry out this intention and thus preserve the present position of
the preferred stock as the senior security of the company. Transfer
Agents, Harvey Flek & Sons Registrar, Standard Trust Co., N. Y.
Offloers: President, Marsden J. Perry, Providence, R. I.; Vloe
President and Treas., Sidney Z Mitchell, New York; Sec. and Asst.
Treas., H. M. Francis, Schenectady, N. Y Asst. Secretary, I. D. Mortimer, New York. Executive Committee: Marsden J. Perry. Jaoob K.
Newman, Charles A. Coffin, Sidney Z Mttohell. Alden M. Young.
Directors: Marsden J. Perry, Philip L. Saltonstall, Jaoob K. Newman, Charles A. Coffia, Charles
Wetmore. Alden M. Young, Sidney
Z. Mitchell. 8. Reading Bertron, William M. Barnum, Robert Treat
Paine 2d, Homer H Johnson, Lewis L. Stanton, William B. MoKinley,
Hlnsdlll Parsons, William H. Alms, Dwlght W. Morrow, Graham
The company
is
[
;
;
W
Snmner.
The
allied
Electrical Securities Corporation (see below)
is
an
company.
Electrical Securities Corporation.— Collateral for Second
Series.— The second series of collateral trust sinking fund
gold bonds dated Feb. 1 1905 which was offered by Harvey
L.xjtii.
xAnntston Eleo
& Gas
M
Co. 1st
p. c. interest:
Pledged. Auth Itsue.
,
due 1929
«5O,O0O
$300,000
xAshevllle (N.C.) Eleo. Co. 1st M. .due 1941
100,000
750,000
Chattan'gaEleo. Co. cons., due 1934 (V.76,p. 656) 50.000
y750,O0O
OkUhima G»s 4 Elec. Co. gen. M. (V. 81. p. 21.1) 125,000 z'.OOO.OOO
xFort Smith Light <te Trao Co 1st cons.
1944. 50,000
1,500,000
Omaha E.eo. Light A P. Cj. 1st
1933 (V. 81,
p. 215)
175.000
3,000,000
xUklonElec. Co., Dubnqae, 1st M..1924
98J,0:0
50,000
Montana Power Transmleston Co. 1st M., 1900,
1933, guaranteed, D.atdl., by Butte El. & Power
Co. (V.69. p. 1251)
240.000
(1)
xNorthern Ohio Trao. A> Lt. Co. consul M., 4 p.c. 145,000 ) „ Knn „„„
7,&ou,uuo
do
do
do
5 p.c. 60,000 $
xlndlanapolls & N. W. Trao. Co. 1st
1923. ...125,000
3,000,000
xOolumb.New'kifcZ inesv. Eleo. Ry. 1st M.,l92i. 100,000
2,000,*. 00
M
M
,
,
M
,
x Compare Street Railwat Seotion.
y Of this amount $214,000 is reserved to retire a like amount
Chat. Light & Power bonds dated 1895.
z General mortgage bonds, authored $1,000,000, outstanding
of
at
aside to retire
last accounts $653,030, of which $300,000 are set
$295,000 of underlying mortgage bonds.
Note —"All of the companies In the above list earn a surplus over
fix>d charges. If, however, by reason of a default in any of the
collateral securities, the principal of the undefaulted bonds remaining
In pledge under the trust agreement shall be less than 125 p. o. of
the prlnolpal of the collateral trust bonds then outstanding, the corporation is required to substitute for the defaulted bonds a sufflolent
amount of additional bonds of el.-.ctrlc-Hght. eleotric railway or eleotrie-power companies to make the principal of interest-paying bonds
under pledge eqnal at all times to at leas'" 125 p. o. of the prlnolpal of
the collateral trust bonds outstanding. The corporation has the rieht
to redeem all or any part of the collateral trust bonds on any Interest
day upon twenty-one days' notice, and, beginning with Feb. 1 19 0, Is
required to gradually retire said binds, either by purchase or redemption. Upon the retirement of collateral trust bonds or the deposit of
money with the trustee for the purpose of retirement, ths corporation
is permitted to withdraw collateral securities to an amount of principal not exceeding 116 p. c. of the collateral trust bonds so retired
or for whose retirement funds have been so provided. The trust agreement further provides that the total indebtedness of the corporation,
secured and unsecured, direct and contingent, shall never in the aggregate exceed four times the amount of its paid-up and unimpaired outstanding capital stock and surplus."
See collateral for
tric
Bmd&
poration.—V.
first
series in V. 79, p. 2645.
Share Co,, which see above,
The
Elec-
an allied cor-
is
80, p. 715.
Equitable Illuminating Gas Light Co. of Philadelphia.
- Output.— The statement
of gas eo'd in the city cf Philadelphia for the quarter ending June 80, as filed with the city
authorities, compares as follows:
1905.
1904.
1903.
gas—
June 30. 1,533,925,530 1.476,399,820 1,448,256,260
6mos. ending June 30.-3,371,320,130 3,364,989,140 3,354,661,850
Cubic feet of
3 mos. ending
. .
6 mos. gross revenue
Of whiohoity receives...
—V. 80, p.
$3,371,320
$337,132
$3,354,662
$335,466
$3.364,98' >
:
$336,499
1733.
General Electric Co.— A'lied SecurVy Companies— See
Bond & Share Co. and Electrical Securities Corporation, above.— V. 80, p. 1915,
Electric
Georgetown (Ky.) Water, Gas, Electric & Power Co —See
Georgetown. Water, Light, Heat & Power Co. below.— V. 74,
p. 383.
Georgetown (Ky.) Water, Light, Heat & Power Co.—
Status —This company was incorporated in Kentucky on
April 27 1905 with $250,000 capital stock as proposed successor of the Georgetown Water, Gas, Electric & Power Co.
(V. 74, p. 382,) and mnde a mortgage to the Union Savings
Bank & Trust Co. of Cincinnati, as trustee, to secure $250,000
bonds, of which $100,000 were reserved to cover a like
amount of underlying bonds of the old company. The
remaining $150,000 bonds, on resolution of the board of
directors of the new company, were turned over to the Secretary and Treasurer, Ross Holzman, of the now bankrupt
Co., and pledged, in part at least, as colfirm of Holzman
lateral for loans which Col. J. P. Jackson, as head of the
old corporation, states were unauthorized. The merger,
moreover, Col. Jackson asserts, was never consummated, he
having withheld his signature, and a quorum of the directors
of the old compacy not having been present. V. 74, p. 382.
&
—
(B. F.) Goodrich (Rubber) Co., Akron, O.— Increase of
Capital Sock, to Provide for the Manufacture of Rubber
Boots awi Shots.— Tbe company has filed at Columbus, O., a
certificate of increase of capital stock from $5,000,000 to $10,The company is making rapid progress towards the
OCO,000.
completion of its new rubber boot and shoe plant, adjoining
its present building in Akron, and expects to b9gin operations
The Akron "Beacon Journal" says
in Saptember.
Theentranoe of the company into the rubber boot and shoe business
:
the primary cause of the inorease of stock by the great corporation.
This added feature of the plant will necessitate a large amount of additional oapltal to allow it to enter Into competition with the great
rubber boot and shoe Industry of the United States. The business of
the company as a whole has also inoreased greatly and more money is
required to conduct the business. The new stock will all be taken by
the present stockholders.
is
The company's plant in March 1904 was described in an
Number of buildings 25, flior
advertisement as follows
space 12 acres, capacity of electric power plant 3,854 horse
power, boiler capacity 5,000 horse power. Toe company was
then engaged in the manufacture of mechanical rubber
goods, golf balls, druggists', stationers' and surgeons' rubber
sundries, and tires for automobiles, bicycles, etc. President,
G. T. Perkins; Secretary, R. P. Marvin; Treasurer, W. A.
Folger. An officer of the company to whom the foregoing
statement was submitted says: "We cannot give any information regardiag condition, profits or dividends."
:
July
29 l»«5.
THE CHRONICLE
|
—
(Conn.) City Has Light Co.— Bon Is Off»rei
Cooley, Hartford, Conn., is offering at 1U4>^ and
interest f600,000 first mortgage 4 p. o. gold bonds of $1,0 JO
each (free from tax in Connecticut), dated July 1 1905 and
dae Jnly 1 1935; interest Jan. 1 and Jaly 1; Conneoticnt Tr.
& Safe D posit Co., trustee, irtford. A circular eays:
llarti >rd
Franois
R
H
Capital stook (par $25), $750,000; first mortgage
bonds outstanding, $tJOO,000. The amount of the mortgage la limited
absolutely to $1,000,000; bonda in exoess of $600,000 cannot be
Issued for more than 30 p. e. of the oost of aotual extensions, and oan
never exoeed the amount of paid-in capital stock. The present Issue
of bonds 1? for the sole purpose of refunding entire existing debt. The
security Is the entire property, rights and franchises [now owned or
hereafter acquired], which is valued at about $2,150,000, or nearly
four times the bond Issue, and eubj^os to no other lieu whatever.
Dividends of 8 p. o. per annum have oeen paid on the entire oapltal
stock for many years. Company serves a population of over 100,000
In Hartford and adj aoent towns.— V. 81, p. 157.
Capital./. Ulon:
Illinois Brick Co.— S isjenaion of R porta,—The directors
on Jaly 24 decided to suspend making public finanoial statements, such statements being '-for the shareholders alone."—
V. 81, p. 34.
Rec ivir
Independent Cotton Oil Co., D^rliigton, S.
ship —This company, incorporated in December 1902 with
$1,0 0,010 capital sto^k, was on July 8 pla.ed in the hands of
President Bright Williamson, R. B. L«bby and R. H. Sass as
receivers by Judge Brawly in the United States District
Court at Charleston. The oompany's indebtedness, it is said,
C—
|500,000 stock was subscribed
c. in stock dividends
was paid; also some cash dividends, the last of these being
The Darlington Trust Co. also clo3ed its doors
6 p. c.
as a result of the failure.
is
At organisation
$520,000.
for; subseqnently, it is stated, 100 p.
Independent Telephone Co. of Syracuse, N. T.— Successor
Company,— This corporation was organized under the laws
of New York on June 29 1905, with $1,000,000 outstanding
[ iommon] stock, with authority to operate telephone lines in
Syracuse and 17 counties in Central New York, and acquired
the entire stook of Syracuse Telephone Co., which had been
purchased by a syndicate, viz. John J. Cummings, President
of the Syracuse Lighting Co, former Miyor Jacob Aims,
Gates Thalhelmer, Albert K. Hiscook, former Corporation
Counsel Alexander H. Cowie. Hendriok S. Holden and
Charles Warner of Syracuse, Eugene Satterlee of Pittsford
and Thomas W. Finucane, George R. Fuller, Frederick
Zoller and Carl Lomb of Rochester. The new company also
owns all the stock of the Columbia Long-D. stance Telephone
Co. and the People's Subway Co. of Syracuse.
Mortgage. A mortgage to the Trust & Deposit Co. of Oaondaga, N. Y., as trustee, secures $3,000,000 first mortgage
5 p. o, gold bonds, of which the present issue is to be
51,000,000; bonds dated July 1 1905 and due in 1925; interest
payable Jan. 1 and July 1 at office of trustee. "No prior
liens."
President, Hendrick 8. Holden; Vice-Pres. Geo. R.
Faller; Sec, Alexander H. Cowie; Treas., Albert K Hiscock.
:
W
—
,
511
subject only to the lien of its $3,000,000 of bonds.'
date of July 21, wrlteB :
Incorporated in Missouri June nth 1900, and has qiallfled to operate also In Illinois, Indiana and Kansas. Slnoe November 10 JO has
iid not less than 4 p. o. dividends, and In 1904 f> p. o. dividends
Through Its own lines and oonueotlng omoaales, it reaches almost
all the prlnolpal cities and towns In Kansas, Missouri, Central Illinois, Indiana, Kentnoky and Western Ohio. On the east its own
Hues extend to Terre Haute, Ind.; on the north to Sprlnetleld, III.
(and through Its connecting oompanles to Moberly and Hannibal,
Mo); on the west to Sedalla, M (connecting with the Kansas City
Long Distanoe Co. for Kansas City. St. Joseph. A'ohleon, Leavenwo th and Topeka); on the southwest, to Joplln, Mo., aud Pittsburg,
utrard, Columbus and Cherokee. Kan. Has reoentlv Installed an upto-date toll- board In the Century Building, St. Louis, Mo.; owns and
operates 2,100 telephones In Its exchanges and toll stations, and has
St. Louis,
Secretary
W. Roy McCanne, under
i'
>.
approximately 1,07s miles of pole line carrying 10,825 miles of oopper
wire, otitetly in Missouri, but new lines are planned throughout Illinois.
In addition, has reoently acquired all the properties of the Kmloch
Telephone Co., owning a main and three branoh exohanges in St.
Louis, Mo., and East 8;. Louis, 111., and having under construction a
modern fireproof building of six stories (the three upper fl >ora of
which will be occupied by the two oompaules) at 10th and Looust
streets, St. Louis. Present numb jr of working lines to be Installed,
12,500; ultimate capacity, 17,000 lines, providing facilities for more
than 30,000 telephones. The looal oompany operates 15,000 telephones lu 8;. Louis and East St. Louis, has 200 duct miles of underground oonduit, 380 miles of underground and aerial oable, 350 miles
For the past four
of pole lines and 4,500 miles of aerial oopper wire
years It has paid 4 p. o. dividends annually t > Its stockholders.
The result of operations of oomblued properties for oalenender yaar 1904 was: Gross revenue, $778,548: operating expanses,
maintenance, taxes, etc., including 5 p o. of the gross revenue paid to
City of St. Louis, and all other expenses, except interest, $467,168;
net earnings applicable to interest and dividends, $311,379. The
revenue of both the looal and long distanoe companies is constantly
Increasing, and It Is conservatively estimated taat the oomblned
properties will earn during the oaleudar year 1905 at least the sum
of $350,000. See V. 79, p. 630.— V. 81, p. 158.
Einloch Telephone Co.— Consolidaiim.— See Klnloch Long
above.—V. 79, p. 1383.
Distance Telephone Co.
Co., H imm mi, Ind. —Bondholdira Win,
favored with the following official statement, touching the new contract which, with the approval of
the court, has been entered into with the city, thus settling
favorably to the bondholders the pending litigation:
On July 1 an eleotlon was held In Hammond for the purpose of deter
mining whether or not the oity should lease the Lake City Water Co.
plant, and the same was earrled by about 233 majority. Subsequently
the City Oonnoil passed an ordinanoe authorizing the lease, aud the
matter was then presented to Judge Anderson of the U. 8. District
Court at Indianapolis, before whom foreclosure proceedings have been
pending. Judge Anderson confirmed the lease and dlreoted the city
to pay the oompany the amount of rentals past due; the lease was
exeouted and the oity paid $29,500 on that aooount, aid azrees to pay
balance due— $8,360— on or before Nov. 15 next. The city further
agrees to pay a rental sufficient In amount to liquidate the prlnolpal
and Interest of the bonds promptly as It falls due. On this basis of
settlement the bondholders suffer no loss of prlnolpal and only a por-
Lake City Water
—We have bsen
tion of the past-due Interest through
expenses incurred in
litigation.
The questions Involved from the Inception of the litigation were
purely legal, the Supreme Court of Indiana having revere 3d a long
line of decisions upholding the form of oontraot originally made by
the oompany with the oity. Th i new lease oontraot xbz made was
authorized by an Act passed by the last session of the Indiana
j
Legislature.
The company was incorporated in 1901 for the purpose of
Kansas Natural Gas Co.— Kansas Charter Obtained,—This
company, which as a foreign corporation was recently for- building an intake and water supply for the city of Hambidden by the State Supreme Court to do business in Kansas, mond, Ind., under a contract the legality of which was
was granted on Jaly 19 a charter by the Kansas State Char- Approved by Wood & Oakley, Chicago. The plant was comter Board and paid a charter fee of $2,530 on its $12,000,OJO
pleted and turned over to the oity for operation. Litigation
capital stock. The "Kansas City Star," apparently from ensued and Judge Anderson in the Federal Court at Indianofficial statements made to the Charter Board, says
apolis appointed a receiver on application of the bondholders
The Kansas Natural Gas Co. has the oontraot for supplying g is to through the American Trust & Savings Bank of Chicago,
:
Kansas
city. Kan., Leavensworth, Topeka, Garnett, O.athe, Parsons,
Plttsburg,;oaiena, Columbus. Independence, Atohison and other place*
In Kansas; Jopllu, Mo., St. Joseph, Mo., and has a prospeot o! securing the oontraot for supplying Omaha, Neb. Up to this time, outside
of the locality of Independence, Kan., the company has not sold any
gas at ill. Its pipe lines from the Neosho and Montgomery oounty
fields to the great consuming sections of Kansas a,-* Just finishing.
Its pumping stations are building at various Dlaces along the line. It
now employing more than 2,000 men and
1,000 teams on construcwork alone. It Is spending $350,000 for one pumping station four
mU>s north of Chanute and $350,000 morj for flva pumping stations
between Independence and Kansas City, Kan. It Is spending more
than $200,000 In pumping stations on the line between B lton and
is
tion
Jopllc
I .s lines gridiron the southeastern corner of the state.
There
coaroe y a polling prtoiuot In whloh it does not own a gas lease or In
line, more
well. Of its 3,000 miles of pipe
than 2,990 miles are In Kansas. Its extensive leasa aoreage in Indian
territory and Oklahoma has never been touohed.
Is
which It has not a produolng
The Kansas Natural Gis
&
Improvement Co.
i- the subsidiary concern which is piping natural gas from
the southern Kansas fields to Topeka by way of Liwrenoe.
A press despatch from Pltttburgh, Pa., states that financial
Oil Pipe Line
back of a plan for combining the
companies and bnilJing a pipe line fr m the
K -.Leas oil fields, tapping the oil field* of Texas, to the Galf of
Mexico, and proposes in connection therewith to fl jat an issue
interests in that city are
independent
oil
c f $7,0,0,000
bonds.— V.
81, p. 214; V. 79, p. 906.
K'nloeh Loug D. stance Telephone Co., Missouri.— Contoii lotion.— This company has increased its outstanding
casual stock to $2,800, ,00 (? giving $2,000,003 th-reof in ex; ,
change, share for share, for the stock of the Kmloch Tele
phone Co., the local independent company operating in Sc.
Louis, whose property has been acqnired.
Bo As Offered -The Mississippi Valley Trust Co. o! St.
L old is offering a block of the firs: mortgage 5 p. c. gold
bonds
at 97 and interest.
Authorized issue, $5,000,000. of
which outstanding, $1,5)0,000; subject to Issue when needed,
$300,' 00; reserved
for extensions at 90 p. c. of actual cost,
dated Jin. 2 19J4; due Jan. 1 1929.
" Taese bonds are a first lien on all the property and franchises of the Kmloch Long Distance Telephone Co., and a
lien upon all the properties of tin
nloch Telephcn Co. of
$3.2,0,0
0.
Bonds
K
trustee.
As stated above, the present settlement not only
calls for the payment by the city of the overdue rental, but
of sufficient sums annually to discharge the principal and
The bonds were
intereet of the bonded debt as they mature,
handled by the Trowbridge & Niver Co. and MacDjnald,
McCoy & Co., Cntcago, the total is^ue being $194 800, interests p c, principal payable serially; denomination, $500,
gold, dated Nov. 1 1901.
Lake Torpedo Boat Co., Bridgeport, Conn.— First Divi
dend.— This company, which has been iu existence for about
three years, has declared a dividend of 10 p. c, covering no
fixed period.
The corpora ion has a large piant and contracts ou; with other plants.
The oompany was ino jrporated in New Jersey in 190 1 with $ ,000,000
oapltal stock, in shares of $10 eaoh. to manufacture submarine boats
under the patents of Simon L-ike, the President of the o mpauy. Nj
bonds outstanding. Last spring the oompany reoelved an order from
a foreign government for boats aggregating $2,000,000. The Frenoh
3overnment also, aftor exhaustive tests, it was state 1, approved
the oompany's type of boats. The Treasurer Is L B. Miller, Gen. Mjtr.
1
of the Singer
Manufacturing Co.
Lehigh Iron & Steel Co., Allen town, Pa.— Bonds Offered.
—Tne J. Alden G^ylord Co., No. 35 Will S ., are ottering
it 92% the company's 15-year 6 p. c
first mortgage gold
'joude of 1905, pare of a proposed issue to be Urn txl cj $ < JO,000, Interest payable semi-annually.
Capital stook. $250,000. 'full paid"
par of shares, $100. Plant established, 18/0; remodeled 1902; present oompany tnoorp >rated
190a. Of the new bonds, $100,000 win be used to take up the remaining $t 00,000 of th-> old Ibsuj (of ri» 50,0 O) due in lHoi and i-OO.oOJ
to build a new 200-ton furnaoe, etc. Th oompany has In operation a
75-ton furnace, whloh In the four months ending A;>rll 1, 1JO.V produced 8,397 tons of pig, making gr.es earnluge, *U5, 7 0H net earnings. $..2,116. Ollljer-: Win H. Alney, Preil lent and Tre.ijur.r; F.
rk
1. Hemmel. of AUentown. P.»., Seoretary; F. W. El wards, of N w \
Oity, Vice-President. The company was form' rly kuoTW as the Lehigh Bteel <fc Iron Go.
;
i
;
McUlOttd Kiyer Electric Power Co.-5jid.-A San Frannewspaper publishes a dlspitoh from Hading Cal.,
which state* that William K'.leryo Sa ETranoUoo ha* purchased at a trustoe's «hIh nil the pr >perty and machinery of
this baukrup company.— V. W, p
cisco
i
THE CHRONICLE.
512
Middlesex Banking
Co,,
Mlddietown, Conn.— Prepayment
of Debentures.— Thin company will pay upon presentation,
With interest to date of payment, debentures of Series "D 3*i"
and "D 42," which mature Ojt. 1 19J5, and Series "D 37" and
"D 43," maturing Nov. 1 1905.— V. 79, p. 2460.
Midland Cold Storage Co. or St. Paul, Minn.— Bonds Offered.— *5. C. Barroll <fc Co., bankers, First National Bink
Building, Chicago, offered last ween in our advertif-i ig columns, at par and accrued interest, $250,000 5 p. c. first mort
g»ge serial gold bonds of this company, both principal and
interest guaranteed by A. Booth
Co. of Chicago, a corporation having a capital and surplus of $6,850,000 and a mercantile rating of "AAA1." The bonds are in denomination
of $500 each, dated June 1 1905, interest payable semi annually; $12,500 of the principal is payable each year beginning
June 1 1908, and all or any part is redeemable after Jnoe 1
1909 at 102 and accrued interest upon 90 days' notice. B jth
principal and interest are payable at American Trust & Savcircular says
ings Bank, trustee, Chicago.
The mortgage is a first lien on a large, modern oold-storage warehouse now In course of ereotlon In St. Paul, oovering a plot of ground
at oorner of St. Peters and West Third streets measuring approximately 135x100 feet. The building will be of brlok, nine stories, prao-
&
A
:
tloally fireproof; building is divided Into three distinct sections each
of 5,000 square feet of tl >or area and eaoh used for storage of different
kinds.
spur of the C. St. P. M.
O. By. enters the building. The
plant will include two 100-ton refrigerating machines with all neces-
&
A
sary appurtenances.
&
Co., the guarantors of these bonds, control the entire
B:>oth
capital stock of the Midland Gold Storage Co. A. Booth & Co. are the
foremost fl»h, oyster and poultry merchants of the United States, and
have carried on this business successfully for the past fifty years. The
business was founded by Alfred Booth In 1856. About fifty branches
are now established In various parts of the Ualted States. Canada and
Cuba. Capital stock, $5,500,000; surp., $1,319,631. (See V. 81, p. 262.)
A..
GUARANTY ENDORSED ON EACH BOND.
A Booth & Company, a corporation of the State of Illinois, having become
the owner of tho within bond in the due course of its corporate business, and
now being desirous of selling the same, In consideration or the purchase thereof from it and the payment to it of the purchase price therefor, the receipt
whereof is hereby acknowledged, and of other good and valuable consideration by It received, does hereby guarantee payment of all and singular the
amounts due and to become due on said bond, and each and all of the coupons
issued therewith, both principal and Interest, at the time, in the manner and
according to the terms of the said bonds and coupons, respectively.
In witness whereof, said A. Booth & Company has caused this endorsement
of guaranty to be signed by its President and attested by Its Secretary, under
its corporate name and seal, this 15th day of Jane A. D. lwoi.
New Englaod (Bell) Telephone & Telegraph Co.-Nete
Stock.— Stockholders of record Aug. 19 are offered the privilege of subscribing at par, on or before Sept. 16. for $3,086,000
new stock to the extent of oae share for every eight shares
now held by them, respectively. The proceeds will be used
for extensions and additions and for payment of the $500,000
third series bonds due April 1906. Subscriptions are payable
50 p. c. Nov. 16 and 50 p. c. Feb. 16 1906.— V. 80, p. 2397.
(J. E.) North Lumber Co.— Bonds Offered — Baker & Crabtree and the Missouri-Lincoln Trust Co., noth of St. Louis,
are offering for sale at par and interest the unsold portion of
this company's authorized issue of $1,000,000 first mortgage
6 p. c. gold bonds, quite fully described in the Chronicle,
V. 79, p. 1333. A circular states that the company owns
60,000 acres of timber land near the town of Bond, Miss., and
is doing a large business. The property includes lumber mill
and 20 miles of standard-gauge railroad.—V. 80, p. 2625.
North Springfield (Pa.) Water Co.— Underlying Bonds
Offered, -Ristine & Conklin, 808 Chestnut St., Pnlladelphia,
are offering at 101 and interest the unsold portion of the
issue of $160,000 first mortgage i% p. c. gold bonds of $1,003
each, dated Jan. 26 1903, due Jan. 1 1933; interest payable
Jan. 1 and July 1 at Columbia Avenue Trust Co., trustee,
Philadelphia, A circular says:
Secured by an absolute first mortgage upon all the rights, property
and privileges of the company, which company has been merged into
the North Springfield Water Co., the bonds now constituting an underlying or prior Hen to the $2,000,000 Issue of that oompany. The
North Sprlngfielo Water Co. Is, In turn, owned and operated by the
American Pipe Manufacturing Co., a corporation paying dividends at
the rate of la p. c. upon $4,000,000 caoital stook. (V. 80, p. 2343.)
The Wayne Water Works supplies water to Wayne and St. Davids,
with a oomblned population of from 4,009 to 5,000, and has the right
of eminent domain.
O'ttara Coal Co.— Consolidation —This company was incorporated at Albany on July 22 with $6,003,000 capital
stock, of
which
$1,000,000
is
5 p. c.
cumulative preferred, to
take over extensive coal properties in Illinois, including ten
going concerns. The authorized bond issue is $3,000,000 of
sinking fund 50-year 5 p. c. bonds of $1,000 each, subject to
call at 105.
The present issue of these bonds is $1,500,000
and the remaining $1,530,060 is held awaiting expert opinion
as to whether the value of the properties justifies their issue.
The properties are located on the line of the Iudian Harbor
RR., under which title, ifc is understood, the L»ke Shore
Michigan Southern and the Mtchlgan Central are building
from Indian Harbor on Lake Michigan to Danville on the
Cleveland Cincinnati Chicago
St. Louis Ry.
(See V. 80,
p. 1911.) Pereons Identified with the Vandwrbilc roads are
supposed to be interested in the coal company. Books for
the underwriting were opened on July 20 at the banking
house of J. B. Rnssell
Co,, 46 Wall St., and were closed the
next morning, the amount desired, it is stated, having been
over-subscribed. The property acquired, it is said, will aggregate some 40,C03 acres of coal land and will have an
annual output of about 3,000,000 tone. T. J. O'G-ara of the
coal firm of O'Gara, King
Co. of Chicago will be President and Walter B. Kerr, New York, Treasurer.
Paulinskill (N. J.) Consolidated Power & Ice Co.— Foreclosure.— The Knickerbocker Trust Co., as mortgage trustee,
has brought suit to foreclose a mortgage for $300,000 made
The Power & Ice Co. was incorporated in
6, 1901.
Jersey in Jane, 1901, with $200,0:0 authorized capital
stock to dam the Paulinskill River at Columbia and to build
power bouse, etc. No interest, it is said, has been paid on
the bonds. The Trust Co denies the priority of a mechanics'
lien for $32,870 filed by David L. Emanuel.
on July
New
—
Pittsburgh Coal Co.— Boxds Canceled. The company has
purchased and canceled from the proceeds of the finking
fnnd provided therefor $907,000 of the $25,000,000 Pittsburgh
C al Co. of Pennsylvania guaranteed first martgage and collateral 5 per cent bonds of 1904, reducing the amount outstanding to $24,093,000. Compare V. 78, p 1965.
Tormige of Monongahela Company— The semi-annual payment made this month ($171,000) on account of the purchase
of the $2,500,000 Monongahela River Consolidated Coal &
Coke Co. preferred stock shows that there was mined from
the Monongahela properties during the six months ending
June 30 1905 about 2,850,000 tons of coal. In the fiscal year
ending Oct. 81 1904 4,666,278 tons were mined; in 1902-3,
7,842,421; in 1901-2, 6,275,579
&
&
tons.—V.
81, p. 269.
—
Santa Clara Water & Irrigating Co.— New Bo xd It&ue
The shareholders were to vote July 15 on authorizing an
issue of $100,000 bonds.
retary.
E. P. Foster, Ventura, Cal.,
is
Sec-
Savannah dan Co.— Called Bonds.— Fourteen first mortgage 5 p. c. bonds drawn for redemption will be paid at
105 and interest on Sept. 1 1905 at the Pennsylvania Company for Insurances on Lives & Granting Annu'ties, Philadelphia.-V. 78, p. 1278.
Southern Textile Co.— Sold.— At the bankruptcy sale on
Jaly 25 the company's property was bid in as a whole for
$110,500 by the International Trust Co. of Baltimore.— V. 81,
p, 216.
—
Spring Valley Water Co., San Francisco.— Dividend
The San Francisco "Commercial News" on July 22 said:
"This company on the 20th paid a regular quarterly dividend
of 63 cents per share on the capital stock, amounting to $176,The company will not pay another dividend until Jan.
400.
20, it having been decided to omit the October dividend."— V.
78, p. 2446.
Stindard Rope & Twine Co.— Sale Oierei.— Tne Court
Caancery at Trenton, N. J., on July 25 ordered the foreclosure sale of the property. The amounts stated by the decree as due to the mortgage trustees on account of the first
mortgage and the consolidated mortgage, respectively, are
reported as follows
Manhattan Trust Co., $2,893,700; Cenof
:
tral
-V.
Trust Co., $6,805,305.
80, p. 1183.
Sunday Creek Co.— Consolidati m.— This company, incorporated in New Jersey on June 33 1905 with nominal ($4,000,-
New
000) capital stock, the Corporation Trust Co. being its
Jersey representative, will, it is announced, take over on
Aug. 1 the following seven corporations, mostly ailie3 of the
Hocking Valley Ry. Co., and^ embracing expensive coal
properties in Ohio and West Virginia on which some 16,000
men are said to be employed.
Kanawha & Hocking Coal & Coke Co. (V. 80, p. 2401; v. 74. p. 271);
Continental Coal Co. (V. 80, p. 2460; V. 75. p. 500); 8t. Paul & West
era Coal Co. and Boston Coal, Dock & Wharf Co.: 8unday Creek Coal
Co. (V. 72, p. 92; V. 66. p. 334); Buckeye Coal & Railway Co.; Ohio
Land & Railway
Co. (V. 68, p. 823).
DIRECTORS OF HEW COMPANY.
John H. Winder, President and General Manager, Columbus; C. W.
Watson, President Fairmont Coal Co., Baltimore; 8. P. Buaoh, VicePresident and Manager Baokeye Steel Casting Co., Columbus: C. L,
Poston, Athens, O; E. A. Cole, Columbus; H. H. Heiner, Vice-President, Columbus; Alfred Hicks, President Allegheny Steel
Pittsburgh; Louis B. Dailey of New Jersey.
&
Iron Co.,
Tex&rkaaa Gas & Electric Light Co., Texarkana, Texas
and Arkansas.— Bonis Offend.— Charles S.Kidder & Co.,
184 La Salle St., Chicago, are offering at par and interest, by
advertisement on another page, $132,030 first mortgage 5 p. c.
gold bonds of $500 each, dated July 1 1905, and due July 1
1980, but subject to call at company's option at 105 and interest on any interest day interest payable Jan. 1 and July 1
;
at the Central Trust
Chicago.
Co. of Illinois, trustee,
Financial statement shows: Plant and equipment, $229,668;
capital stock, $100,OJ0; bonds outstanding, $132,000.
A
circular says:
Incorporated under laws of Arkansas on Feb. 8 1839 and authorized as a foreign corporation to carry on business In Texas. Directors: Ruf as O. Dawes, President; B. G. Dawes, Vloe-President: E Iwln
F. Brown,8eoretarj; Charles G. Dawes, Edward F. Laoey, William B.
Rldgely, W. Irving Osborne, Samuel Insull, E. J. Baffington, Edward
Clifford, W. H. Pyle and W. W. Mills.
EARNINGS FOR TEAR8 ENDING
&
&
[Vol. lxxxi.
1904.
$36,884
Operat. exp. and taxes. 34,250
Gross earnings
1903.
$56,566
36,245
DEC
1902.
$47,211
28.893
31.
19G1.
1900.
$34,124 $30,195
23,436
22,609
$22,634 $20,321 $18,318 $10,683
$7,583
Net earnings
At rate of Increase shown for the first six months of this year the
net earnings for 1905 will be not less than $25,000 or four times the
Population of city, over 18,000, having shown a
interest charge.
rapid growth In past five years. Company's property consists of modern brick eleotrlo station [the street railroad taking its current from
the company], and gas plant, also thoroughly modern. The preaent
management is rap Idly Installing meters and gas stoves. Operates
under long-term franchises for both gas and eleotriolty which are
without objeotlonable features. The bonds offered are an absolute
flret mortgage on all the property and franchises now owned or hereafter acquired; $132,000 are outstanding, and the balanoe [«868,000,
the authorized Issue being limited to $1,000,000— Ed.] may be Issued
for additions, betterments or extensions only, under carefully guarded
restrictions of the trust deed.
The oompany is owned and operated by the Union Ga3 & Electric
Co. [of Delaware], a corporation controlling about a dozen similar
j
July
THE CHRONICLE.
29 1905.
all of which are In a mom
The Union Gas A Eleot'lo Co. has Invested In
properties throughout the Middle West,
prosperous condition.
(jtomtxjemal £imcs.
COMMERCIAL EPITOME.
vc
bonds, a large sum of Its own money In
this property, lEsnrlng to the Investor the le3t of expert management.
addition,
and nubleot
to these
Among tbe direotors of the Union Gas & Electric Co. are
Charles Q. Dawes and W. Irving Ojborne, respectively President and Vice President Central Trnst Co. of Illinois, Chicago, and Samuel IdsuU, President Chicago Ediaon Co., Chicago. Compare V. 79, p. 2751.
513
Friday Night, July 28 1905.
the season of the year there has been a fair
Considering
amount
of business activity during the past week.
A relief
from the recent unusually hot weather has been experienced
Texas Coiupauy.— Great Oil Fire.— The tanfcs of this company in the Humble oil fields wera set on fire by lightning on and in some lines buyers have been operating more freely.
July 23 and the pnmping station and over 2,OCO,O0O barrels of There also has been some improvement in the call for shipoil in 11 tanks were bnrned, cansirjg aloes estimated at from
ments on outstanding contracts. The reports from the pig$500,000 to $950,000. A fire at Sour Lake on Jalv 25, also resnltirjgfrom lightning, is thonght to have done $50,000 dam- iron markets have reported a subsidence of tire active buying
experienced earlier in the month, but there has continued a
age to the company's property. V. 80, p. 1427.
fairly active condition of business in the steel markets.
The
Toledo Portland Cement Co., Manchester, Mich.— Bonds, grain crop prospects have been reported generally favorable
—The International Savings & Trnst Co. (the mortgage and have had a depressing effect upon values. A revised retrustee) and 'he Corporation Underwriting & Trnst Co., port of the Government's Agricultural Bureau on the cotton
both of Pittsburgh, Pa., offered for sale on Apr. 2 $800,000 acreage makes the decrease from last year 14.9 instead of
first mortgage 6 p. c. 4f>year gold bonds dated Apr. 1 1905
It has been announced that a
11.4, as originally reported.
denomination, $1,000; issue limited to $5C0,C00.
special session of Congress will be called to meet on Nov. 11.
Toe company, it was stated, had then enolosed the five principal
Lard on the spot has been steadier. There have been
build in ks (steel cone true tl on) ami had expended over 9100,000. Its
maximum oapaolty was 1,200 bbls. per day, average eaoaolty 1,000 moderate offerings, but trade demand has been better and
The close was quiet at 7 35c. for
prices have advanced.
bbls. The company, It was said, owned in fee and without other
encumbrance i34k aores of marl and olay lands, 5 miles of railway prime Western and 6 '75c. for prime City.
Refined lard has
Total value of
right-of-way and 23 aores of land for faotory site
had only a limited sale, but prices have held steady, closing
property was expeoted to exoeed $1,000,000. Company lnoorpora'ed
7
—
;
-
in
Michigan
in
January
1903.
Capital
stock
then
authorized
$500,000.
Union Gas& Electric
&
Co.,
Delaware.— See Texarkana Gas
Electrio Light Co. above.— V. 79, p. 2751.
United Copper Co.— Decision.— See Amalgamated Copper
Co. above.— V. 61, p. 216, 36,
United Electric Securities Co Boston.— Called Bot-ds.—
The American Loan & Trust Co., trustee, has called for redemption at 103 and accrued interest to August 1 1905 tbe
followirg amounts of collateral trust 5 p. c. bonde, viz:
Third series, the entire outstanding issue; tenth series, entire
,
outstanding issue; fifteenth series, 197 bonds; sixteenth seriep,
139 bonds; seventeenth series, 230 bonde; eighteenth series-,
148 bonde; nineteenth serves, 140 bonds. These bonde, aggregating, it is understood, $1,131,000, will be paid, the Boston
papers fay, from the proceeds of a recent sale of $1,067,010 of
the bonds deposited as collateral, and the redemption of
§289,000 Portland General Electric bonds called for pay
ment.— V. 80, p. 655.
at "45c. for refined for the Continent.
Speculation in lard
for future delivery has been quiet, but prices have advanced
on limited offerings and light receipts of hogs. The close
was quiet.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
7.00
July delivery
Sept. delivery... 7.12^
7.20
Oct. delivery
Mon.
7.07H
7.17H
7.27H
Tues.
7.10
7.22^
7.32"^
Wed.
7.10
7.20
7.30
Thurs.
7.15
7.30
7.37H
Fri
7 15
7.27J4
7.35
Pork has been in moderate demand and steadier, closing
at $13 50@14 50 for mess, $13@15 50 for short clear and
Cut meats have held steady at un8 15® 15 50 for family.
changed prices, closing at 6c. for pickled shoulders, 10J4®
lO 1^ for pickled hams and 7%@9}4 for pickled bellies,
16@10 lbs. average. Beef has been quiet but steady at
$10@10 50 for mess, $11@11 50 for packet, $12@12 50 for
family, $19@25 for extra India mess in tcs.
Tallow has
been firm but quiet at 4%c. Stearin es have been quiet and
unchanged at 8c. for lard stearine and 7%c. for oleo
stearine.
Cotton-seed oil has been fairly active and
firmer, closing
at 29c. for prime yellow.
Butter has
United Gas Improvement Co.— Results in Fhiladdphia.— been in fairly active demand and firm, closing at 17@21c.
See Equitable Illuminating Gas Light Co. of Philadelphia for creamery. Cheese hac been in brisk demand and prices
have advanced, closing at 924@10^c. for State factory, full
telow.— V. 80, p. 2848.
cream. Fresh eggs have been firm for choice grades, closUnited States Leather Co.— Froper lies Owned, .fiYc— See ing at 19@20c. for best Western.
above.— V. 81, p. 159.
Central Leather Co.
Brazil grades of coffee have been in fairly actianve demd,
Washington (D. C.) Gas Light Co.— Extension of Regit- trade interests being better buyers, and with offerings limited
tend 6s.- Holders of the $600,000 of Series A and B registered prices have advanced. Brazil markets have been firmer.
The close was steady at 8^c. for Rio No. 7 and 9c. for
6s, now subject to call, will, we are informed, be permitted
after Jan. 1 19C6 to present the same for extension for twenty Santos No. 4.
West India growths have been in fair deyears at 4 per cent interest.— V. 76, p. 1200.
mand and firmer, closing at 9%@9J^c. for good Cucuta
and ll@113^c. for good average Bogota. East Indian
Wheeling Potteries Co.— Cli Bonds.— In addition to the
growths have had a limited sale at steady prices. Specu$80,(00 new bonds referred to on July 8, the oomparjy has
lation in the market for contracts has been moderately
carried a bond issue of $125,000 for a number of years secured by a mortgage en two of its factories. These bonde active and prices have advanced on a continued comparatively light Brazil crop movement and reports of disappointare 5-2j 5 per cent gold bonds, and were in force a the
time of the consolidation Jan 1, 1903. The new issue of ing crop returns from Brazil. The close was unsettled.
Following were the closing asked prices
bonds of $80,000 is to be secured by a mortgage on one of the
July
6.95c. Oct
7.15c. Jan
7.45c.
ether plants now entirely free from indebtedness.
These
Aug
6.95c. Nov
7.25c. March
7.55c.
bondB have already been underwritten, but no arrangements Sept
7.05c. Dec
7.35c. May
7.70c.
nave yet been made for their issue, and in all probability,
Raw
we are informed, it will not be neceeeary to do so. The ing at sugars have been in active demand and firmer, clos4J^c. for centrifugal, 96-deg. test, and 3J/£c. for muscompany operates four plants, known as the Avon Depart- covado,
89-deg. test. Refined sugar has been unsettled, closment, the Wheeling Department, the Riverside Department
ing steady at 5'05@5"10c. for granulated.
Pepper has been
and the La Belle Department. See V. 81, p. 159.
fairly active and firmer.
Teas have been quiet.
Woronoco Paper Co., Russell, Mass.— Celled Bends —
Kentucky tobacco has been firmly held and a limited volFive bonds, viz: No3, 1, 16, 71, 77 and 145, drawn for the ume of business has been transacted. A few small lots of
sinking fund will be paid Oat. 1 1905 at the SpringfieM new-crop seed-leaf tobacco have come on the market and
(Mase.) Safe Deposit & Trust Co.— V. 79, p. 108.
have been quickly absorbed at firm prices. The few offerings of old-crop tobacco also have found buyers at firm
prices.
There has been a fair inquiry for Sumatra tobacco
—Harvey Fiek & Sots of New York and Boston offer at at firm prices. Havana tobacco has been firm.
par and accrued interest $500,000 Chicago* Western Indiara
Prices for Straits tin advanced on the strong statistical
RR. Co. consolidated mortgage 4 p. c. gold bonds, due 1952, position, but the close was at a moderate reaction from top
interest payable January and July.
Both prlncip»l and prices, with 32'55@3285c. quoted. Ingot copper has b
interest of these bonds is guaranteed under tbe terms of a fairly active and firm closing
at 15"20@15 3<)c. for Lake
999-year lease by the following railroad oompanies: Chicago and 15'25@15'35c. for electrolytic.
Lead ha,s
& Eastern Illinois RR. Co., Wabash RR. Cj., Grand Trutk closing at 460@4 70c. Spelter has been firmer advanced,
at 5*55®
Wetstem Ry. Co., Ctiicago 6t Erie RR. Co. and Chic Indianap- 560c. Pit; iron has been Less active but
steady, closing at
olis & Louisville Ry. Co.
These bonds are offered, nubject to >15 25@15"75 for No. 2 Northern and $15.75 for No. 2
sale, at 100 and accrued icter-st, and^the bankers reoemmend
Southern.
them as an investment of undoubted charactef.
and firm,
1
;
:
,
-
ned
—An
analysis of the
New York
State law relative to sav-
ings bank investments has been prepared by White & Kimble, 56 Pine Street.
It gives a list of railroad bonds that are
legal investments under the law, a second list of bonds that
may become legal and a third list of municipal issues that
meet the requirements. In addition to these lists there is an
explanation of the application of the law to 492 issues of railroad bonds of 54 systems. Tbe work was done by direction
of the New York State Savings Bank Association. Price, $15.
petroleum
has been
in
fair
demand
d io. m bulk.
6'90c. in bbls, 9'60c. in
ll<
for
Naphtha has been steady at Ic. for 71 di
76 degreeb.
Credit balance.- have been 3teady, closing at
l'27e.
Spirits turpentine has declined, but the cl<
have b
R
steadier at fSO^c. for machine bbls.
slightly easier for common and good strained, closing
Hops ha
$3 55; pale grades have been firm and higher.
been in moderate demand at steady prices.
las
Wool ha continued firm.
closing
at
1
_
THE CHRONICLE.
514
[Vol. lxxii.
COTTON.
On
Friday Night, July 28 1905.
THE MOVEMENT OF THE CROP
as indicated
—
Mon.
Sat.
Wed.
Tues.
Thurs.
Fri.
3.184
9,371
7,206
4,766
4,464
34,526
2, 908
2, 789
3",888
3",619
19",139
295
147
127
3~290
79
2~,645
171
Mobile
Pensacola, &c.
376
1,195
4,916
20,109
1,288
4.916
3,046
Savannah
754
5",451
3",6l2
2",712
2",134
""49
"213
"303
"197
"~7
1,288
48
817
Wilmington ..
Wash'gton.Ac.
"318
l",121
"l85
"641
"227
"418
2",910
Norfolk
N'port N., Ac-
l",i08
2",203
l",891
2,714
l",426
l",265
10",607
"152
50
463
75
482
38
463
281
805
38
99
Brunswick, Ac
Charleston
Port Royal, Ac
3",
""54
New York
""45
Boston
Baltimore
Ac
Philadel'a,
"l74
54
""50
""24
""25
Ger-
'
Other
many. Foreign
for
—
Coastwise.
Leaving
Total,
stock.
New Orleans.
Galveston
9,386
17,449
2,248
1,094
5,447
1,100
87
10,684
600
Charleston
Mobile
Norfolk
1,329
17,159
34,617
1,700
""325
4,431
950
Savannah
V.654
13,200
8,900
6.800
13,200
New York
3,698
6,031
Total 1905.
Total 1904.
Total 1903
3,698
3,600
800
12,484
1,010
3,111
9,518
1,123
9,236
500
37,164
4,352
Other ports.
800
1,000
4,666
5,000
878
2 1,1
fit',
2,533
460
52,095
45,008
48,137
4,694
2,460
8,473
126,150
21,518
84,030 308,535
9,896 95,751
22,536 192.073
Total.
5,535
Galveston'
Pt. Arthur, &c.
New Orleans.
Great
Bril'n. Fr'nce.
at—
Not Cleared
by our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
97,193 bales, against 104,182 bales last week and 81,598
bales the previous week, making the total receipts since the
1st of September 1904 9,775,014 bales, against 7,105,480
bales for the same period of 1903-4, showing an increase
since Sept. 1 1904 of 2,669,534 bales.
Receipts at
July 28
Shipboard,
Speculation in cotton for future delivery has continued
but the tone has been unsettled, and for the
week prices show only a slight net change. Crop-damage
reports of a sensational character from the western section
of the cotton-belt have been issued by interested parties,
and forecasts of a low average condition to be issued by the
Government's Agricultural Bureau next week have been
given out by bull interests. The revision of the report on
acreage by the Agricultural Bureau, making the decrease
14.9% instead of 11.4% as originally reported, also attracted
considerable attention, but it had little influence as a market factor.
Early in the week, on bull support and reports
of unfavorable weather conditions in the Southwest, prices
fairly active,
were
advanced. The improvement, however, was not
maintained. A prominent bull interest in the market was
Total, week. 18,075 13,604 21.394 17,690 12,734 13,696] 97,193 understood to have sold out at least a considerable part of
his holdings, and this, coupled with selling by other interests,
The following shows the week's total receipts, the total including a prominent spot house, resulted in lower prices.
since Sept. 1 1904, and the stocks to-night, compared with To-day there was only a limited amount of activity to the
trading.
The opening was steadier, but during the day
last year.
prices yielded.
It was stated that a large bull operator
issued notices for the delivery of about 50,000 bales of cotton
1903-04.
1904-05.
Stock
on August contracts, which were taken by a large spot house.
This Since Sep This Since Sep
Receipts to
Private crop reports received from the South were generally
1905.
week.
1 1904.
week.
1 1903.
1904.
July 28.
of a more favorable tenor.
The close was steady at a net
Cotton on the spot
34,526 2,747,496
1,153 2,339,276 79,625
4,184 loss in prices for the day of 5@7 points.
Galveston
289.187
104,029
Port Arthur, Ac
has been quiet, closing at 11.05c. for middling uplands.
19", 1 39 2,625,986
5,795 1,994,146 69, 254 39", 3 24
New Orleans
The rates on and off middling, as established Nov. 18 1903
177
199,398
4,114
1,195
323,008
384
Mobile
by the Revision Committee, at which grades other than
314 132,853
4,916
204,892
Pensacola, Ac.
3,578 1,144,028 49",837 14",979 middling may be delivered on contract, are as follows:
Savannah
20,109 1,813,567
Ac.
Brunswick,
Charleston
Port Royal,
817
2",9i6
Wilmington
Washington, AcNorfolk
200,101
218,896
902
371,336
1,288
Ac
122
766,155
26,856
33,350
78,267
61,714
13,179
10.607
Newp't News, Ac
New York
Boston
463
281
805
38
99
Baltimore
Philadelphia,
Ac
2,929
4,694
l"l",2i6
336
475,463 2l",673
21,816
18,633 135,050
32,054
3,431
30,218
9,404
14,328
1.344
1,055
581
1,348
93
1
""786
Fair
"404
Strict
2",848
38",805
2,313
938
682
0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30
Strict Good Ordinary
Good Ordinary
ary..
Strict Good Mid. Tinged
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
1905.
Galv'n,
Ac
34,526
19,109
1,195
20,109
817
2,910
10,607
463
7,427
Mobile
-
Ch'ston.Ac.
Wilm'n, Ac
Norfolk ...
N. News, Ac
All others. .
Tot. this wk
Simee Sept
1
1901.
1900.
463
8,815
927
4,786
8,298
1,318
4,146
369
832
2,158
1,776
4,112
402
958
432
3,357
1,296
45
2,037
271
2,562
1,548
17,189
23,021
2,337
14,343
1902.
69
1.153
5,795
177
3,578
156
97,193
NewOrleans
Savannah
1903.
1904.
835
1
14
39
92
1,055
1
10
178
1,659
338
2,793
16,692
The exports for the week ending this evening reach a total
of 100,010 bales, of which 34,494 were to Great Britain, 23,239 to France and 42,277 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1904:
Week
ending Julv 28 1905.
From
I
Sept.
Exported to
Great
ContiBritain Fr'nce nent.
Galveston
Pt.Arthur, AcNew Orleans ..
Mobile
Pensacola, &c.
Savannah
Brunswick
...
Charleston ...
Port Royal. ..
WilmingtonNorfolk
N'port N.,
Total
Boston
Week.
Britain.
France
869 24,5881,253.633 284,532
61,385
2"077 7".06d 13".502 22.639 1.087,540363,219
6 993;
73,683 46,803
3.517 3,476
4,916! 115,724 22,172
4,916
7,901
7,901
275.817 51,489
3"2i9
3,219, 159,472
3,379
I
7,800
3.714
2,133
Baltimore
Philadelphia ..
San Fran., &c.
1904 to July 28 1905.
Great
7.800!
<fec.
New York
1
Exported to
12,279 11.440
..
2,639
1,263
8,606
13"583l
300
350
2,433
*2~949
off
off
off
off
off
off
1 .06 off
1.50 off
Stained
Low Mid Snined
.
on! Low Middling Stained
350|
2,639
2,9491
1~76~549
9.654
802 14.116
21,254
100
325,484 39,854
193.312
132,417
5,624
61,582
Continent.
8,407
2,279
251,601
14,769
39,331
4.531
313,304
GULF.
Good Ordinary
Low Middling
Middling
Good Middling
Total.
353"048
23,325
23,633
616,939
208,081
177,372
66.113
313.304
Wed. Thurs.
10.40
11.02
11.40
11.84
12.36
10.40
11.02
11.40
11.84
12.36
10.15
10.77
11.15
11.59
12.11
Mon.
Tues.
Wed. Thurs.
10.40
11.02
11.40
11.84
12.36
10.30
10.92
11.30
11.74
12.26
10.25
10.87
11.25
11.69
12.61
10.65
11.27
11.65
12.09
12.61
Sat.
STAINED.
10.65
11.27
11.65
12.09
Mon.
Tues.
Wed. Thurs
9.90
10.90
11.06
11.40
9.90
10.90
11.06
11.40
9.65
10.65
10.81
11.15
Low
Middling
9.50
Middling
10.50
Low Middling Tinged 10.66
Good M ddling Tinged
11.00
Strict
9.55
10.55
10.71
11.05
Fri.
10.05
10.67
11.05
11.49
12.01
Fri.
10.30
10.92
11.30
11.74
12.26
Fri.
9.55
10.55
10.71
11.05
The quotations for middling upland at New York on
July 28 for each of the past 32 years have been as follow*:
1905.C-11.05
1904. ..10.70
1903. .13.23
1902..
9 1-16
1901.. . 8%
1900.. .10 1-16
1899.
6H
1898... 6 1-16
C
1897.
7 15-16
1896... 7 5-16
1895... 7
1894... 7
1893... 8 1-16
1892... iy
2
1891... 8
1890.. .12%
1889-C.ll 5-16
1888.. .11
1887.. .10%
1886... 9%
1885... 10%
1884... 11
1883. ..10
1882. ..12%
MARKET AND
1881.cll%
'
1880... 11 9-16
1879. ..11%
1878.. .11 11-16
1877. ..12 3-16
1876.. .11%
1875. ..14>|
1874... 17
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Futures
Spot Market
.
Sales of Spot
and
Contract.
Market
Closed.
Ex-
Con-
Con-
port.
Closed.
34,494 23.239 42,277100,010 3,942,033 S37.563 3,625,8038,405,399
7.934i 27,352 2.539,240 705.159;2,734,643 5,979.042
25
19,393
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
10.05
10.67
11.05
11.49
12.01
12.21
.
671.046 2,209.211
102.298
163,683
928,297 2,379,056
61.623
182.109
62,828 200,724
917.081 1,244,387
6,946
166.418
74.617
77,996
166",845
Middling
Middling ._
Good Middling
Middling Fair
Tues.
Sat.
Low
Mon.
10.00
10.62
11 00
11.44
11.96
Good Ordinary
.]
Total
Total 1903-04.
0.06
0.12
0.34
0.50
0.84
0.50
Sat.
¥,766
387
9,775,014 7,105,480 7,627,047 7,437,079 7,513,736 6,532,501
Exports
from
off Middling
off Strict
Even
c.
On this basis the official prices for a few of the grades for
the past week would be as follows:
UPLANDS.
Receipts at
on Good Middling Tinged
on Strict Middling Tinged
on Middling Tinged
on Strict Low Mid. Tinged
off Low Middling Tinged
off Strict Good Ord. Tinged
c. 1.30
Middling Fair
Good Middling
Good Middling
Strict Low Middling
Low Middling
14,343 7,105,480 392,565 105,647
97,193 9,775,014
Totals
120,760
155,447
1,290
321,405
148
8
92
suv'n.
tract.
Steady
Saturday- Quiet
Quiet, 40 pts. ad. Steady
Monday
,
Easy
Tuesday .. Quiet
Wednesday Quiet, 25 pts. de Barely st'dy
Thursday . Quiet, 10 pts. dc Steady
Steady
Quiet
Friday
Total. ..
"l6
1.566!
100
Total.
i.s65
116
15
1,760
--
15
3.4001 5,160
4,100! 4.100
1,781
9,100 10,891
—
July
—
—
—
.
—
THE CHRONICLE
20 1905.]
FUTURES. — Highest,
York.
receipts for the
h
3?
week and the stocks to-night, and the same items for the
corresponding period of the previous year is set out in
detail below.
n»= o?3^ Q»fi Qto|gsi| QW§ QW§ Q»|Gfcf Qfe| 2»|I.
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the movement—that is the
since Sept. 1, the shipments for the
week and
,
ojc§
II
II
II
r>i5
AT THE INTERIOR TOWNS
lowest and closing prices at New-
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1902.
571,000
17,000
Total Great Britain stock...
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste ..
858,000
9,000
251,000
405,000
4,000
35,000
15,000
17,000
447,000
28,000
141,000
4,000
108,000
3,000
22,000
21,000
15,000
588,000
22,000
97,000
4,000
116,000
3,000
42,000
11,000
6,000
Total Continental stocks.
405,000
361,000
342,000
301,000
Total European stocks
1,263,000
India cotton afloat for Europe. 124,000
Ainer. cotton afloat for Europe 168,000
Egypt, Brazil. Ac, aflt forE'pe
23,000
Stock in Alexandria, Egypt...
86,000
Stock in Bombav, India.
750,000
Stock in D. S. ports
392,565
Stock in U. S. interior towns. . 160,200
U. 8. exports to-day
24,586
766,000
70,000
38,000
18,000
789,000
118,000
34,000
15,000
19,000
519,000
214,609
19,447
63
889,000
39,000
76,000
41 ,000
130,000
4,000
115,000
81 ,000
419,000
105,647
73,155
23,865
16,000
57,000
396,000
213,264
69,696
5,232
Total visible supply.
.2,991.351 1,594,667 1,728,119 1,761,192
Of the above, totals of American and other descriptions are as follows:
—
476,000
720,000
44,000
372,000
168,000
392,565
160,200
24,586
248,000
22,000
237,000
38,000
105,647
73,155
23,865
302,000
35,000
259,000
34,000
214,609
19,447
63
Total American
.1,881,351
Indian, Hrmd, &c.
Liverpool stock
73,000
Ion stock
15,000
Ma..
-ock
6,000
Continental stocks
33,000
India afloat for Europe
124,000
Egypt, Brazil, Ac., afloat
23,000
Stock in Alexandria, Egypt...
86,000
Stock in Bombay, India
750,000
747,667
00
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ct
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for
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6. interior stocks
U. S. exports to-day
—
I
Total Ea.<.t India,
Total American
Ac
108,000
20,000
7,000
124,000
70,000
18,000
SI, 000
419,000
1,110,000
s 17,000
1,881 ,861
747.667
pa.-t
252,666
76,000
213,264
69,696
5,232
95,000
17,000
88,000
18,000
4,000
83,000
Is, 0(|()
49,666
30,000
15,000
19,000
519,000
16,000
57,000
396,000
1
669,000
864,000
864,119 1,002,102
2.991,351 1,604,667 1,728.110
wT°.! al "klMe supply
Middling Upland, Liverpool ..
6.60d.
6.01d.
Middling Upland. New York..
10.70c.
11.05c.
12 :
n, Liverpool.
9 9-16d.
SJ^d.
7J<d.
Pemv. Rough Good, Liverpool
10.50.1.
9.S0d.
O.OOd.
Broach line. Liverpool
h%&.
5 13-16d
Tinnevelly Good, Liverpool... 5 9-16d.
5^d
VVl.
Continental imports
fe
CO 5.
>-•
i-"
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week have been 75,000
1
,761.192
4Jid.
8
7d.
4 9-16.1.
4»^d.
too
co
rfk
W
enen
to
©CO
The above totals show that the interior stocks have decreased during the week 16,466 bales, and are to-night 87,045
bales more than same period last year. The receipts at all the
towns have been 36,002 bales more than same week last year.
OVERLAND MOVEMENT FOR THE 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:
-1904-05.Since
Week.
Sept.
July 28.
Shipped
Via
Via
Via
Via
Via
Via
—
St. Louis
5,389
917
Cairo
Rock Island
50
515
746
Louisville
Cincinnati..
other routes,
&c
2,867
-1903-04.-
Since
Week.
1.
606,014
331,196
52,869
102,872
59,943
351,639
Sept. 1.
512,298
254,024
13,731
120,993
31,969
195,715
1,456
658
"353
93
96
Total gross overland
10,484 1,504,533
Deduct shipments
Overland to N.Y., Boston, &c 1,223
186,510
Between interior towns
184
36.492
Inland, &c, from South
724
58,299
2,656 1,128.730
—
8
381
95,233
31,039
98,027
281,301
2,412
224,299
Leav'g total net overland.o 8,353 1,223,232
a Including movement by rail to Canada.
244
904,431
Total to be deducted
2,131
2,023
The foregoing shows that the week's net overland movement this year has been 8,353 bales, against 244 bales
for the week last year, and that for the season to date the
aggregate net overland exhibits an increase over a year ago
of 318,801 bales.
1904-05.
Since
Week.
Sept. 1.
97,193 9,775,014
In Sight and Spinners'
Takings.
Receipts at ports to July 28.
Net overland to July 28
Southern consum'n July 28.
Total marketed
Interior stocks in excess
1903-04.
Since
Week.
Srpt.
7.105.4SO
1,223,2:'. 2
14,343
244
2,020,000
33,000
1.
149,546 13,018,246
us ,540
47,587
a6,710
8,353
44,000
al6 ,466
Came
N'or. spin's' tak'gs to
July 28. 31,257
1.
904,4:1
94 1,000
i.'.lll
61,553
40,877
into sight during wk. 133 ,080
Total in sight July 28
13,116,786
10,015,
9,171
2,270.936
It.
I
2.094.670
a decrease during week.
Movement
I.'-
Oi
M
i--
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tocoo5Cnto
co©©O5©^0ocnto. ©Oicn^-'toococn^oscoto
©O5tnCO»400*.©-4t0tO>^O5tO-Ji X'** to (-: H-MC. *- to CO COM
00000^-0o©it>.^-cocn0tococn0i. MOQCt^tOCnCnOi^OOCnCO
cm
-JtOi
Cn*-.
864,119 1,092,192
American afloat
U. S. stock
© ~J'
cw
1
©I
1903.
bales.
to
if.
h-*
»J©tO~J-J©00tnCSC7i*.H-O>©O>00©00*.-4©^ja5CJiOl©©WC0©©0000
a.o©V>"toCnT^"tO--aWWWCn©©tOtO OOto'i'OOto^l w"*-oo"tocn'tolo©V©
©tni-'^*.c»cn^'OOifcto<iosoo*.*.oo©oc©©oo©4»o©-J*'cr. ooowco
CnCOOO©^0>00©*.eo--l»j>-'0>eBOWOOtotoCnO>CnO>'-'CJ>- 00^00<OM|^
o
to
390,000
18,000
39,000
A merican
Liverpool stock
Manchester stock...
Continental stocks
^ Oi
Oi
Oi
to I-* to
00.
tpl-'l
i
1904.
.
CO
"*!
356,000
20,000
29,000
95,000
3,000
23,000
18,000
5,000
'£
s,"<
1905.
1,000
?
h-»
tO^-<ltO
^Ol WCns-OOW W to *OlH-O^-'CnH-^COOl'tO^-'Ol
©©. VI. 0000OiOi^l*'t0©*.©vIO^-t0t0vIH-CCH-*.©^)W05©O00 0i
©~)icni OQMOoto^cocnrfKioiOoo^roifrcn'-'^o^tOituj'Ooviootooi
793,000
15,000
50,000
bales.
§•0.
,
t-»
I
H-]
to-night, as made
VISIBLE SUPPLY OF
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
evening.
But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
July 28—
Stock at Liverpool
Stock at London
Stock at Manchester
*>
3
i-"
'tOto"tO*-W
W "-•* GO WCih-COtoVtO-JtO ©' wto
^)tOOOOOtO*.^J©005>-©OiOOO>OOOoaOT<IO. 0>O>-'
O>03ifr.O^)Ot00000MC»3OOtPM^H^0000C0W ifr.tO C" !_«* ©
05^-
COTTON
THE
o
toV' Ml 0>0>Io©':^"^0 05-4 05 00©*>.Oo'tO
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if
-
7*
to §.
vl vl
vl
(ft
(9.
-O-.i
v.
i-1
—
2
OstJ
-'to
to
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I© \® I©
oo oo oo »?
b--j
vICS
I.
*•—
to
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*.CO
vjbo
tooo
<->-
Oi
tOH-a»©^itow©oococ^o»05*.toto©©toWK-cic^oiOi©tocn^Oio»wto
OO OO CO oo
to to
v
OtOtOtOWn-'H-0>tOO;s-'t005tO~lWO^)C^OT •»I-4-JtOtOtOW*-'tDtOOtO
^JtOOO^OOCO^IOtO'— 00O!)t.tOO<©O<WO3Cn^)©00©o>C;'tO©C;i©rfiH-O>
OO OO OO CO
tO 05
to
^•tO
to ?
--;
OO CO oo oo oo oo
icio
bb bbo vjvj cnto 'a'a
bin
COO
toco
*.o — if vicn
J^®
J© ©I
—
b— vl
b'
OO
a.
«•»
Week
—
1903— July
Ba
31
1902 -Aug.
1
1901— Aug.
2
1900
3
Uiff.
into sight in previous years.
1
'
Bale*.
Sine*
.Iy 31
34,988
\
46,905 1901-02
46,914 1900 oi -Aug. 2
45.911
'
1
-
10.621,142
10.24
10,2;
B
I
THE CHRONICLE.
516
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week:
Closing
Week ending
Middling
for
Cotton
Monday. Tuesday. Wed' day Thursd'y
Sat' day
July 28.
Quotations
1
on
—
Friday.
10 15-16
10 13-16
11
ii
11
10 15-16
10 1.5-16
10«
10%
10%
10%
10%
10%
10 11-16
10%
Galveston
10%
New Orleans. 10%
Mobile
103^
10?|
10%
10%
10%
10%
10%
10%
10%
10%
10%
10f|
Norfolk
lOH
16%
il"
16%
10%
Boston
Baltimore
11.00
11.00
11.25
1051
10J4
11.00
11.00
11.05
11.40
11.25
11.65
11.40
11.25
11.40
10%
10M
10%
11
10%
10%
10%
11.15
11.00
11.30
10 11-16
11.05
11.00
11.30
10 13-16
10%
10%
10%
10%
10%
10%
10%
10%
Savannah
Charleston
Wilmington
Philadelphia
Augusta
Memphis
10%
Louis
St.
.
10%
10%
10 11-16 10 15-16 11
Houston
10%
10%
Little Rock.. 10%
The
11
10%
closing quotations to-day (Friday) at other important
Southern markets were as follows:
10%
10% ILouisville
Atlanta
Montgomery _ 10%
Columbus, Ga. 10%
Nashville
10%
10%
Colu' bus, Miss.
|
|
INatchez
Raleigh
I
10 9-16
10%
|Shreveport...lO%
NEW ORLEANS OPTION MARKET.—The highest, lowclosing quotations for leading options in the New
Orleans cotton market the past week have been as follows:
est
and
Sat' day,
July
Monday, Tuesday
July 22.
July 24.
,
July 25.
Wed' day, Thursd'y, Friday,
July 26. July 27. July 28.
—
10. 66-. 70 10.90-.09 11. 07-. 24 10.90-. 11 10.81-.90
10.67-.68 11.03-.05 11.02-.— 10.89- .90 10.90-.— 10.84
Range
Closing
August
—
10.65-.— 10.93-.05 11.05-.20 10.93-.07 10.69-.94 10.83-.92
Range
Closing
September
—
Range
Closing
October
—
Range
Closing
December —
Range
Closing
Tone
—
•Spot
Options -.
10.64-. 66 11.02-.03 10.97-.99 10.81-.83 10.91-.92 10.84-.85
.15 10.97-.99 10.73-.74
10.92-.00
10. 66-. 68 11.02-.04 10.97-.99 10.82-.84 10.92-.94 10.88- .89
10.67-.81 10.88-. 13 10.96-.25 10.85-. 15 10.67-.00 10.88-.00
10.69-.70 11. 06- .07 11.01-.02 10.85- .86 10.96- .97 10.93-.94
10.71-.85 10.92-. 17 11. 00- .30 10.89-. 19 10.71-.04 10.92-.04
10. 73-. 74 11. 10-. 11 11.05-.06 10.90-.91 11.01-.02 10.97-.98
Quiet
Firm.
Steady. Very st'j
Quiet.
Steady.
Quiet.
Quiet.
Steady.
Steady.
.Easy
Steady.
WEATHER REPORTS BY TELEGRAPH.—Reports to
us by telegraph from the South this evening are of a fairly
Rain has been quite general, and at
satisfactory tenor.
some points in Texas, Louisiana and Alabama excessive; but
on the whole the precipitation has been moderate. From
Texas and Alabama and districts along the Atlantic we
have advices of improvement in the crop, but from sections
of Mississippi and Arkansas there are complaints of grass.
As a whole the crop in Texas is imGalveston, Texas.
proving and with continued dry weather would do so maMore frequent complaints of boll-weevils come
terially.
from Southern parts of the State. There has been a trace
of rain on four days during the week. The thermometer has
ranged from 81 to 88, averaging 85.
Rain has fallen on four days of the week,
Abilene, Texas.
the rainfall being one inch and four hundredths. Average
thermometer 81, highest 96 and lowest 66.
Brenham, Texas. We have had very light rain on one
day during the week, the rainfall being one hundredth of an
The thermometer has averaged 83, the highest being
inch.
93 and the lowest 72.
Corpus Christi, Texas. There has been no rain during the
week. The thermometer has averaged 81, ranging from
74 to 88.
There has been no rain the past week.
Cuero, Texas.
The thermometer has ranged from 70 to 90, averaging 80.
Rainfall for the week five inches and
Dallas, Texas.
ninety-two hundredths, on four days. Average thermometer
82, highest 96 and lowest 68.
There has been rain on four days of
Fort Worth, Texas.
one inch and thirty-three
the week, the rainfall being
hundredths. The thermometer has averaged 81, the highest
being 94 and the lowest 64.
There has been rain on four days
Henrietta, Texas.
during the week, the precipitation being two inches and
The thermometer has averaged 82,
three hundredths.
ranging from 69 to 95.
Rain has fallen on one day of the
Huntsville, Texas.
week, the rainfall being fifty hundredths of an inch. The
thermometer has ranged from 70 to 96, averaging 83.
Texas.
Dry all the week. Average therKerrville,
mometer 80, highest 93 and lowest 67.
Longview, Texas. We have had rain on five days of the
week, the rainfall being three inches and eighty-eight
hundredths. The thermometer has averaged 83, the highest
being 95 and the lowest 71.
Lampasas, Texas. -It has rained on one day during the
week, to the extent of sixteen hundredths of an inch. The
thermometer has averaged 83, ranging from 68 to 98.
—
—
—
—
—
—
—
—
—
—
—
—
I
Vol. lxxxi
—
Luling, Texas.
We have had light rain on two days during
he week, the rainfall being nine hundredths of an inch.
The thermometer has ranged from 70 to 94, averaging 82.
N acogdoches Texas.- Rainfall for the week two inches
and thirty-four hundredths, on four days". Average thermometer 85, highest 89 and lowest 70.
Palestine, Texas.
The week's rainfall has been one inch
and seventy-four hundredths, on four days. The thermometer has averaged 79, the highest being 90 and the low-
—
,
—
est 68.
—
Paris, Texas.
It has rained on four days during the week,
with rainfall of sixty-four hundredths of an inch. The thermometer has averaged 75, ranging from 68 to 91.
San Antonio, Texas. We have had rain on one day during
the week, the rainfall being sixty-two hundredths of an inch.
The thermometer has ranged from 70 to 94, averaging 82.
Rain has fallen on three days of
Weatherford, Texas.
the week, the rainfall being seventy-five hundredths of an
nch.
Average thermometer 83, highest 97 and lowest 69.
New Orleans, Louisiana. We have had rain on two days
of the week, the rainfall being fifty-nine hundredths of an
inch.
The thermometer has averaged 82.
Shreveport, Louisiana.
It has rained on six days of the
week, the precipitation reaching nine inches and ninetythree hundredths.
The thermometer has averaged 82,
ranging from 70 to 92.
Leland, Mississippi.
Rain has fallen on one day of the
week, to the extent of one inch and twenty hundredths.
Average thermometer 75.7, highest 86 and lowest 64.
Rains have interfered with culVicksburg, Mississippi.
Crop very spotted.
Little, if any, improvement.
tivation.
We have had rain on four days during the week, the rainfall
being seventy hundredths of an inch. The thermometer
has averaged 78, the highest being 89 and the lowest 70.
Helena, Arkansas. Cotton is now nearly clear of grass,
There has
is growing rapidly and fruiting tolerably well.
been rain on one day of the week, the rainfall being eleven
hundredths of an inch. The thermometer has ranged from
66 to 88, averaging 71.
Very little if any improvement in
Little Rock, Arkansas.
Crops are very grassy and late. Rainfall for
condition.
the week seventy-three hundredths of an inch, on two days.
Average thermometer 75, highest 90, lowest 68.
Memphis, Tennessee. Cotton condition is improving.
There has been rain on three days of the week, the rainfall
being thirty-eight hundredths of an inch. The thermometer
has averaged 76.9, the highest being 85.3 and the lowest
—
—
'
—
—
—
—
—
—
—
65.7.
—
There has been rain during the
Nashville Tennessee.
week to the extent of fifty-three hundredths of an inch.
The thermometer has averaged 75, ranging from 60 to 89.
The crop has made fair progress in the
Mobile, Alabama.
interior, but there is some complaint of want of moisture,
the rains of the past week having been confined to the coast.
Rain has fallen on five days of the week, the rainfall being
The thermometer
four inches and twenty-nine hundredths.
has ranged from 72 to 91, averaging 81.
Montgomery, Alabama. The weather is getting too dry
and hot. Moisture is needed; otherwise progress and conRain has fallen on two days of the week,
dition are good.
the precipitation being thirteen hundredths of an inch.
Average thermometer 81, highest 94 and lowest 68.
Selma, Alabama. The crop shows decided improvement.
We have had rain on one day of the week, the rainfall being
The thermometer has
seventy-five hundredths of an inch.
averaged 82, the highest being 95 and the lowest 70.
—
t
—
—
—
Madison, Florida. There is considerable complaint of
shedding. It has rained on one day during the week to the
extent of one inch and twenty-five hundredths. The thermometer has averaged 79, ranging from 68 to 90.
We have had rain on two days during
Augusta, Georgia.
the week, the rainfall being twenty-four hundredths of an
The thermometer has ranged from 72 to 95, averaginch.
—
ing 82.
—
Savannah, Georgia. Rainfall for the week one inch and
Average thermomthirty-nine hundredths, on three days.
eter 82, highest 95 and lowest 71.
It has rained on four days
Charleston, South Carolina.
—
during the week, with rainfall of two inches and eleven
hundredths. The thermometer has averaged 82, ranging
from 72 to 95.
Cotton is beginning to open.
Stateburg, South Carolina.
Rain has fallen on three days of the week, the rainfall reaching fifty-three hundredths of an inch, which was very good
Average thermometer 81,
for the crop; but more is needed.
highest 95 and lowest 70.
Conditions have been favorCharlotte, North Carolina.
We have
able and the plant is healthy and fruiting nicely.
had rain the past week, the rainfall being one inch. The
thermometer has averaged 78, the highest being 92 and the
—
—
lowest 65.
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given in the last two years:
July 28 1905, July 29 1904.
Feet.
New
Orleans
Memphis
Nashville
Shreveport
Vicksburg
.Above
Above
Above
Above
Above
zero of
zero of
zero of
zero of
zero of
gauge.
gaugegauge.
gauge.
gauge.
13.0
18.6
9.3
22.4
31.2
Feet.
12.6
14.6
2.8
7.2
32.9
—
—
J
.
.
July
.
.
!
.
TILE CHRONICLE.
20 1905.
INDIA COTTON MOVEMENT FROM ALL PORTS.
receipts of ootton at Bombay and the shipments from all
for
India ports for the week and for the season from Sept.
years have been as follows:
three
The
l
517
the telegraphic reports on the crop in the Southern states
week ending July 24 as follows:
Cotton making strong growth, fruiting slowly, some
North Carolina.
*,•,
damage locally by shedding, rust, lice and boll-worms.
Cotton grew rapidly, though not fruiting satisfacCarolina.
Sown
less damage from Insects, but more rust and shedding, and much
torily;
for the
turning yellow, some beginning to open.
1903-01.
1904-05.
Jul<j -'7.
Keciipts at
—
Sept.
Week.
i.
Sept.
1.
12.000 2,103,000
23,000 2.636,000
in
rice
'.
— Cotton growing fast, fruiting well
lonns m other
and
Georgia.
too much
'.102-03.
Si:
Since
Week.
1
i.
weed
south, some
few
fields grassy,
damage
in
some
making
localities,
sections, being laid by, open
by lice, rust ana shedding in scat-
tered districts.
a.-.
Florida.
Complaints <>l rust and shedding Id cotton more numerous,
though damage not pronounced, tew caterpillars reported, earlj planted
—
7.000
•
cotton opening, considerable laid by.
1
For
Exports
from
—
Great
liritain
.Maimnm .- Cotton Irregular In size and condition: considerable shedsome fields poor, but generally clean and fruiting moderately well;
few open bolls.
Improvement in cotton general, although noj marked;
Mississippi.
ding;
Since Septembi
Week.
the
Continent.
l
—
Conti-
Great
Britain.
Total.
r
much
Total.
438 ,000
nent.
carlv cotton laid by; plant s large, but fruiting slow ly
growing slowly; somewhat injured in removing grass; still
tields: some blight and rust.
IS. 000
.
is., HHl
2,000
11,000
.'.OHO
2.000
1,000
5,000
6,000
41,000
46,000
44,000
50,000
49,000
3,000
11,000
9,000
2,000
5,000
417,000
S59.000
893,000
3,000
4,000
5,000
2,000
1,000
2,000
4,000
-
_
21,000
94,000
76,000
,000
1 1
14,000
3S.000
23,000
17,000
49,000
32,000
,000
224,000
260,000
164,000
235.000
279,000
191,000
;.ooo
',000
1,000
I
Madras
1904-05 -.
1903-04 ..
1902-03 ..
1,000
—
Good gTOwfng weather: cotton improved in some localLouisiana.
but generally deteriorated; some fields abandoned; plant Irregular
in size.Inot fruiting well;
1904-05
1903-04
1902-03
Total all
1904-05
1903-04
1902-03
..
..
..
3.666
IS, 000
.
1,000
..
..
4,000
25,000
11,000
33,000
26,000
11,000
37,000
1,000
19,000
27,000
38,000
696,000
734,000
128,000 1,203,000 1,331,000
117,000, 1,124,000 1,241,000
According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts
Exports from all India ports record a gain
of 11 ,000 bales.
of 15.000 bales during the week and since Sept. 1 show
a decrease of 597,000 bales.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through arrangements made with Messrs. Choremi, Benachi & Co., of Liverpool and Alexandria, we now
weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
a
receive
of the previous
1904-05.
1903-04.
rust:
This
week.
—
6,460,062
This
•Since
Sept.
556
5,741.483
Since
week
1
Sept.
i
l.j
Th is
week
Since
Sept. 1.
Manchester
Continent
America
3,750 225.315
152,499
3.250 328,844
900 74,635
2,000 233.689
2,250 137,426
4,500 351,241
400 52,667
1,047 204,456
145,086
"500 321,071
382 82,625
Total exports
a
7,900 781,293,
9,150 775,023
1,929 753,238
Liverpool
A
cantar
is
98
lbs.
This statement shows that the receipts for the week were
4,500 cantars and the foreign shipments 7,900 bales.
SEA ISLAND COTTON MOVEMENT.— We
have
re
ceived this (Friday) evening by telegraph from the various
ports the details of the Sea Island cotton movement for the
week. The receipts for the week ending to-night (July 28)
and since Sept. 1 1904, the stocks to-night and the same
items for the corresponding periods of 1903-04, are as follows;
1904-05.
Receipts
to
July 2S.
This
week.
Savannah
1903-04.
Since
This
Sept. 1.
u-eek.
I
50S
79
82
Ac
98,998'
.'.lis
Stock.
Since
\Sept. 1.
54,033
12,189
32.776
3
...
Charleston
Klortda.
— Cultivating
where well worked,
late crops, progressed
in fair condition; much cotton
prospect.
cotton,
favorably;
has
poor
little fruit;
—
Oklahoma and Indian Territories. Cotton improved and in poor to
good condition, but damage locally by worms and shedding; too rank
growth and not fruiting well.
Missouri. Cotton blooming and fruiting well; some rust; fields fairly
—
clean.
These reports are
follows
Although improvement
summarized by the Crop Division as
:
is indicated in parts of nearly all of the cotton
While the staple has grown
States, it is neither general nor marked.
rapidly, and is generally fruiting, well in portions of Georgia, Alabama,
Texas and Missouri, complaints of unsatisfactory fruiting are received
from the Carolinas, Mississippi, Alabama, Tennessee and Oklahoma,
and rust or shedding from all sections. Insects are causing considerable
damage to cotton in localities in Texas, but generally no great injury
is reported.
The crop is opening in the Southern portion of the belt
and picking is under way in Southern Texas.
JUTE BUTTS, BAGGING,
&C—
There has "been no
market for jute bagging during the week.
Demand has been almost nil, but prices are nominally unchanged at 6%c. for 1% lbs. and 6%c. for 2 lbs., standard
activity in the
was issued by the Department of
Agriculture at noon July 26.
The report is self-explanatory.
The Crop-estimating Board of the Department of Agriculture has considered the report issued by the Bureau of Statistics on June 2, relative
to the acreage planted in cotton in the Southern States in 1905 as compared with that planted in 1904, and has concluded:
First.
That a new estimate should be made on acreage planted, and
that the figures in Mr. Hyde's hands when making his estimate
this year's cotton acreage
4,500
6,229,994
1
Exports (bales)
To
To
To
To
some land abandoned.
THE AGRICULTURAL DEPARTMENT'S REVISED
ACREAGE REPORT.— The following revised report on
1902-03.
Receipts (cantars a)
This week
Since Sept.
and shedding.
grades.
Jute butts continue dull at l^£@l%c. for paper
quality and 2@23^c. for bagging quality.
two years.
Alexandria, Egypt,
July 26.
of boll-worm, rust
—
Tennessee.
1 1
some complaint
nts.- Cotton improved over much of state, hut damaged i>y rain
in northeast and east, where much needs cultivation badly; too much
stalk in many counties, but now fruiting better; shedding in scattered
counties; damage by boll-weevils and boll-worms considerable in localities,
but generally not great; picking in soutli and bolls opening in SouthCent ral counties.
Arkansas. Cotton small; considerable grassy; where clean doing
fairly well, but not making many forms; some injured by insects and
'j\
All Oil;
6,000
6,000
21,000
yoang cotton
many grassy
ities,
Bomb.
1904-05 ..
L0O3-O4
1902-03 ..
Calcutta LQ04-05
1903-04
1902-03 ..
:
1904.
1905.
48,739
9.357
17,494
3,283
75.590
9,625
1221
should be used as the basis.Second.
That Mr. Hyde, with Mr. Holmes at his elbow prompting
him, made the estimate lower than the facts at his hand from the reports from the seven classes of reporters employed by the Bureau warranted.
Third.
The Board finds upon careful consideration of the reports of
all classes of correspondents and
agents that the acreage planted in
cotton this year, including the entire season, should have been estimated at 85.1 per cent of that planted last year, equivalent to a reduction in planted acreage as compared with last year of 14.9 per cent (instead of 11.4 per cent), or 4,731,000 acres the estimate of the total
acreage planted this year being 20,999,000 acres.
The estimated percentage of the decrease in each of the cotton-grow .ing States is as follows:
Virginia
•Louisiana
17
18
North Carolina
16
16
Texas
South Carolina
Arkansas
19
14
Georgia
14
Tennessee
13
Florida
15
Missouri
12
—
—
—
Alabama
11
Mississippi
16
Oklahoma
'VICTOR H. OLMSTEAD.
10,443
STEPHEN D. FESSENDLN.
GEORGE K. HOLMES,
"
Total
15
11
Indian Territory
The averages were made for each State by each of the fom members
of the Board, and the comparatively small disagreements were harmonized almost wholly by averaging, and the above results are fully agreed
to by each and every member of the Board.
Respectfully submitted,
702
3.971
•
116
586
—
W. W. LONG,
Crop-Estimating Board.
The above
The exports
for the week ending this evening reach a total
of 200 bales, of which 200 bales were to Great Britain,
to France and
to Bremen, and the amount forwarded to Northern mills has been 252 bales.
Below are the
exports for the week and since Sept. 1 in 1904-05 and 1903-04.
Week Ending July 2$.
I
Since Sept.
1
1904.
Northern Mills.
Export*
Tom
—
it
bntatn.
Fr'rue,
ct-c.
Total
Oreat
Hrilain
Savannah
296
Florida. Ac.
Philadelphia...
Total
Total 1903-04..
25
25
175
Total.
<tc.
•1.1
Charleston. Ac.
York...
Boston
Fr'nce.
'X
20
2*998
17.",
200
100
200
100
M',556
14,742
310
Week. Sept.
173
1.
23.617
7.4S5
MANCHESTER MARKET.—
Our report received by
cable to-night from Manchester states that the market is
quiet for both yarns and shirtings.
Manufacturers
generally well under contract
We give the prices for today below and leave those for previous week- of chia and
last year for comparison.
.
30,768
7.132
r op.
8H
GOVERNMENT WEEKLY COTTON REPORT.
34.555
-Mr.
James Berry, Chief of the Climate arid Crop Division of the
Lnited States Weather Bureau, made public on Tu< day
JllW'
(I.
8.
el.
fl.
•1H«7
5H<%7
4
7
July
0,7
(5.7
1
9
ina
common
'ofn
\lul
to lincsl
4
4
2
'
Shirt-
lbs.
ings,
TvUf.
1
1001.
1905.
59,224
my
W. M. HAYS,
32s
252
supervision have
Ass. Sec, in charge Bureau of Statistics.
17".555
37. 443
my
entire approval.
4.163
29. 958
and report made under
findings
I
d.
2
zy>
<1.
(I.
6 OS '.H<
©0ft
'
...
-
1>4
10
7
HU
8«
fn.S
I
1-16«
J
<;
S
•
7'v
»
5.96
THE CHRONICLE.
518
[Vol. lxxii
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 100,010 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bales.
CarLiverpool, per steamers Baltic, 1313
3,714
Victorian, 2,370
pat lia, 25 Sea Island
To Havre, per steamers La Lorraine, 100. . Louisiana, 1,103 1 ,203
208
To Bremen, per steamer Kurfuerst, 268
1,455
To Antwerp, per steamer Kroonland, ,455
To Genoa, per steamers Cretic, 2,002.. .Konig Albert, 2877 5,479
454
To Naples, per steamer Konig Albert, 454
ioo
To Trieste, per steamer Giulia, 100
850
To Japan, per steamer Red Bill, 850
Steamer Barbadian,
To Liverpool—July 20—
1,377
1,377
700
To London July 20 Steamer Calif ornian, 700
7.000
To Havre—July 20— Steamer Californian, 7,000
7,942
To Bremen—July 25— Steamer Indian, 7,942
4,500
To Hamburg July 27 Steamer Lugano, 4,500
1,000
To Antwerp—July 25— Steamer Indian, 1,000
To Liverpool—July 20— Steamer Asian, 11,279. 11,279
1,000
To Manchester— July 25 Steamer Bray Head, 1,000
11,440
To Havre Jujv 27 Steamer Magician, 11,440
813
To Antwerp July 22— Steamer Corby Castle, 813
50
To Barcelona— July 20 Steamer Martin Saenz, 50
Liverpool —July 22— Steamer Dromore, 3,517... 3,517
MOBILE To
3,470
To Bordeaux— July 20—Steamer Othello, 3,470
To Liverpool— July 22— Steamer Vivina, 4,910. 4,910
To Bremen July 26 Steamer Princepessa Lae7,901
titia, 7,901
To Liverpool— July 27—Str. Benedict, 3,219.. 3,219
To Bremen—July 27— Steamer Mokta, 7,800. 7,800
436
BOSTON To Liverpool—July 20 Steamer Devonian, 436
1,697
To Manchester July 21 Steamer Caledonian, 1,697
24 Steamer Prince George, 100
100
To Yarmouth July
200
To Halifax—July 26—Steamers Olivette, 100: Halifax, 100
Antwerp— July 21— Steamer Oakmore, 350.
350
To
To Liverpool—July 21—Steamer Haver...
2,639
ford, 2,039
SAN FRANCISCO—To Japan—July 22—Steamer Korea, 1,192 1,192
1,757
SEATTLE So Japan July 21— Steamer Dakota, 1,757
NEW YORK— To
I
1
NEW ORLEANS—
—
—
—
—
GALVESTON—
—
—
—
—
PENSACOLA—
SAVANNAH —
BRUNSWICK—
WILMINGTON—
—
—
—
—
—
—
—
—
—
—
BALTIMORE—
PHILADELPHIA—
—
—
100,010
Total
to Japan since Sept. 1 have been 311,904
bales from Pacific ports and 10,570 bales from New York.
Cotton freights at New York the past week have been
as follows:
Mon.
Tues.
Wed.
Thurs.
Sat.
Fri.
The exports
.
Liverpool
13
15
13
15
13
15
13
15
13
15
16@17
13
13 @14
_
c.
c.
16@17
16@17
16@17
16@17
BREADSTUFFS.
Friday July 28, 1905.
The market for wheat flour has continued to drag.
Buyers generally have shown indifference, they being
adversely influenced by the favorable outlook for the growing wheat crops and appeared to be holding off for more
attractive prices before placing orders for quantities of importance.
The tendency of prices has been towards a lower
basis.
Rye flour has had a fair jobbing sale at steady,
prices.
Corn-meal has been firm but quiet.
Speculation in wheat for future delivery has been fairly
active but at a decline in prices.
The reports of extensive
damage to the spring-wheat crop by black rust, which were
freely circulated last week, lacked confirmation; in fact, the
crop reports for the week have been generally favorable,
the present outlook being for good yields from both spring
and winter-wheat crops. The movement of the new winterwheat crop has been steadily increasing, the receipts at the
primary markets during the week being fairly heavy and
the increasing
supplies
of
actual wheat have been
a factor which has operated against values.
On the recent
sharp up-turn to prices the speculative short interest was
fairly well eliminated and during the past week speculative
interests who had gone long of the market on the black-ru»t
crop-damage reports have been sellers to liquidate their
accounts, and bear interests have again become more aggres.-.ive.
The spot market has been quiet and easier. To-day
the market was lower, reflecting favorable crop prospects
and easier foreign advices. The spot market was lower.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK
Sat.
Mon. Tues. Wed. Thurs. Fri.
No. 2 red winter, cash.-.f.o.b. 98% 95% 95
94% 93% 92%
July delivery in elevator
97%
September delivery in elevator. 93%
December delivery in elevator. 94
May delivery in elevator
..
DAILY CLOSING PRICES OF
%
95
94
91%
92%
92%
91%
92
92
93
% 93%
%
89 %
89^8
91%
92%
90%
91%
92%
93
91%
% 92%
WHEAT FUTURES
IN CHICAGO.
Mon. Tues. Wed. Thurs. Fri.
Sal.
92% 88% 87% 86% 86% 86
90% 87% 86% 86% 86% 85%
90% 87% 87% 87% 87% 86%
19
19
19
19
19
19
90
89% 90% 89
92% 90
22 %
22 %
Hamburg
22%
22%
22 H
22%
12
12
12
12
12
12
Antwerp
Indian corn futures have received only a limited amount
18
18
18
18
18
18
Ghent, v. Ant._c.
of speculative attention and the tendency of prices has been
28
28
28
28
28
28
Reval, indirect.c.
towards a lower basis. The feature has been the continued
32
32
32
32
32
32
Reval, v. Canal .c.
26
25@26 25@26 25@26 25@26 25@26 promising outlook for the growing crop. Weather condiBarcelona
c.
15
15
15
15
15
Genoa, July
c.
15
tions in the corn-belt have been reported highly favorable,
23
23
23
23
23
23
Trieste
c.
and the present indications are for a large yield. Receipts
40
40
40
40
40
40
apan, v. Suez.c.
Quotations are cents per 100 lbs.
of old-crop corn at the primary markets have been moderLIVERPOOL. By cable from Liverpool we have the fol- ately full, and this, too, has had some influence against the
lowing statement of the week's sales, stocks, &c, at thatport: market.
Prices for cash com have declined.
At the lower
July 7.
July 14.
July 21.
July 28. prices the demand, particularly from exporters, has imbales. 31 ,000
21,000
27,000
Sales of the week
31,000 proved, and this had a steadying effect upon values.
To3,000
1,000
Of which exporters took. . 1 ,000
1,000
day the market was easier under favorable crop prospects.
speculators took
Of which
1,000
2,000
25,000
16,000
24,000
Sales American
25,000 The spot market was quiet and easier.
6,000
Actualexport
6,000
6,000
4,000
70,000
63,000
Forwarded
57,000
57,000 DAILY CLOSING PRICE OF NO. 2 MIXED CORN IN NEW YORK.
Manchester
Havre
Bremen
16@17
©17
c.
c.
c.
c.
July delivery in elevator
September delivery in elevator.
December delivery in elevator.
May delivery in elevator
—
;
—
Estimated
841,000
Of which American— Est. 771, 000
77,000
Total import of the week
09,000
Of which American
Total stock
Amount
832,000
761,000
60,000
45,000
113,000
89,000
110,000
87,000
afloat
Of which American
793,000
720,000
24,000
13,000
119,000
92,000
793,000
720,000
60,000
54,000
105,000
76,000
Mon.
Sat.
Cash corn
July delivery in elevator
September delivery in elevator.
63%
62%
DAILY CLOSING PRICES OF NO.
The tone of the Liverpool market for spots and futures July delivery in elevator
57%
each day of the past week and the daily closing prices of September delivery in elevator. 55:Hs
December delivery in elevator. 48%
spot cotton have been as follows:
47%
May delivery in elevator
Saturday.
Tuesday.
Wed' day.
Thursday
Friday.
Dull.
Dull.
Quiet.
Quiet.
Quiet.
6.07
6.09
5.93
6.01
5,000
200
6.000
7,000
200
200
6,000
1,000
,
12:30
P.M.
Monday.
Dull.
Spot.
Market,
»
Mid. Upl'ds
5.89
3,000
Sales
Spec.&exp.
5.9S
S4.000
200
300
•
E
Futures.
Market
)
opened.
>
Market,
4
P. M.
i
r
<i
Steady unc Steady at
Quiet at
Quiet at
pts.
decline.
to 2 pts.
4@5
advance.
advance.
Steady
Steady at
Steady at
Steady at
9 pts.
pts.
decline.
unch. to
8@9
1
pts.
advance.
pt. dec.
pts.
2@3
Quiet at
8@9-pts.
decline
4@5
pts.
2@3
advance.
14® 15
pts.
decline.
9@11
pts.
advance.
Sat.
No
2 mixed
No. 2 white, clipped
f.o.b.
f.o.b.
Mon. Tues. Wed. Thurs.
Fri.
35
37
35
37
32%
DAILY CLOSING PRICES OF NO.
Sat.
The
prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and
means 5 77-100d.
Sat.
July 22.
Mon.
July 24.
Tues.
July 25.
lOOths.
Thus: 5 77
July 26.
Thurs.
July 27.
Fri.
July 28.
12% 1 12% 4 12% 4 12% 4 12% 4 1214, 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
July
.
5
July- Aug .. 5
Aug.-Sept.. 5
Sept.-Oct.. 5
Oct .-Nov .. 5
Nov .-Dec
.. 5
Dec-Jan
5
5
Jan .-Feb
Feb.-Mch.. 5
Mch.- April. 5
April-May . 5
May-June. . 5
(/.
d.
78 5 80 5
78 5 80 5
78 5 86 5
80 5 88 5
81 5 89:5
81 5 895
82 5 90 5
83 5 91 5
83 5 91 5
84 5 92 5
d.
86
86
86
88
89
89
90
d.
5 95 5
5 95 5
5 95 5
5 96 5
5 98 5
5 98 5
5 99 5
d.
d.
95
77
95
75
75
95
97
75
98
77
98
77 5
99
78 5
91 6 00 6 00
79 5
92 6 00 6 01
79 5
01
01
92
80 5
02 6 02
81 5 85 5 935 93
81 5 85 5 93 5 93 6 02 6 02
5
5
5
5
5
d.
5 97 5 93
5 97 5 93
5 97 5 93
5 98 5 94
6 005 96
d
5 81 5 79 5 89 5 89
5 81 5 79 5 89 5 89
d.
5
5
5
6 00,5 96 5
6 01 5 97 5
6 025 98 5
6
July delivery in elevator
in elevator.
delivery in elevator.
delivery in elevator
September delivery
December
May
31%
29%
30%
32%
025 98
5
6 03 5 99 5
6 04|6 00 5
6 04 6 00 5
SS 5 88
80 5 90 5 90
81 5 91 5 92
82 5 91 5 92
83 5 92 5 93
84 5 93 5 94
84,5 94 5 94
855 94 5 95
86 5 95 5 95
86 5 95 5 96
81 5 79
82 5
84 5
84 5
85 5
86 5
87 5
87 5
88 5
88 5
d
rf,
.-,
2
35
37
35
37
35
37
Norn.
MIXED OATS IN CHICAGO.
Mon
31%
29%
30%
32%
Tues.
Wed. Thurs
31%
30%
28%
29%
2S%
29%
31%
31
Fri.
29%
29%
28%
28
28%
30%
29
30%
Following are the closing quotations
FLOUR
FLOUR.
Wed.
Wed. Thurs. Fri.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
pts.
Quiet at
Tues.
61%
62
Small quantities of new-crop oats are
depressing effect.
beginning to be received at the interior markets and they
grade high, showing a good quality of new crop. To-day
the market was quiet and easier.
advance.
Quiet at
2
62%
63%
61%
57% 57
56% 54% 54%
56% 54% 53% 53% 52%
47% 47% 46% 45% 45%
47% 47% 46% 45% 45%
Oats for future delivery at the Western market have been
Crop reports as a geneial
quiet and prices have declined.
rule have continued favorable, and they, together with sympathy with the decline in values for other grains, had a
Steady at
10@11
eecline.
61%
61%
60% 59%
MIXED CORN IN CHICAGO.
Mon.
Sat.
Wed. Thurs. Fri.
Tins.
62%
63%
61%
62%
63%
61%
f.o.b. 63
S2 60
Fine
Superfine
Extra, No.
2.'. _.
Extra, No.
1
<§
@
3 30
3 65
3 SO
<
S3 20
3 60
3 75
@
3 75
Clears
4 50
Straights
Patent, spring.. 5 60
Hard
"
"
Oats— Mixed, bush
White
No. 2 mixed.
No. 2 white
@
@
3 90
Buckwheat
4
Corn meal
Nominal.
flour
5 10
W estern, etc..
6 55
Brandy wine
T
. .
GRAIN
GRAIN.
Wheat, per bush—
N. Dul., No. 1..
N. DuL, No. 2..
Red winter, No. 2
continued.
Patent, winter. _S4 90
@S5 35
Citv mills, patent 6 00
6 40
4 90
Rye ilour, s'fine. 4 25
3 05
3 10
114%
109%
92%
Nora.
32% @ 34%
36
@
4
Nomind.
No.i-iual.
Western mixed.
No. 2 mixed
No. 2 yellow ...
No. 2 white
Rye, per bush
Western
State and Jersey
Barley Western..
Feeding
—
@
3 10
continued.
Corn, per bush
f.o.b.
f.o.b.
f.o.b.
f.o.b.
@
c.
@
c.
f.o.b.
f.o.b.
f.o.b.
61%
61%
61%
61%
75% @
79
56
Nominal.
Nominal.
Nominal.
O
July
GOYLUNMLST WEEKLY GRAIN REPORT.-
Mr.
James Berry, Chief of the Climate and Crop Division of the
United States Weather Bureau, made public on Tuesday
the telegraphic reports on fhe grain crops in the various
States for the week ending July 24 as follows:
CORN - i'a\ unii'ie weather has caused rapid growth of Corn and,
with very few exceptions, the crop is In excellent condition, com is
beginning to need rain In Kansas am! Alabama, the late needs cultivitin Arkansas and Kentucky, and some was damaged by huh winds
I
in Louisiana.
.
Winter-wheat
harvest
is
,
,
nearly completed
m
.
the principal winter-wheat states, and threshing, which is well adA anced,
shows grain ol good yield and quality In Indiana Illinois. Missouri and
Rains have de\ braska, with fair yield and good quality in Kansas.
ayed threshing in Virginia and Maryland and caused Further damage to
prain in shock or stack in Virginia, Kentucky, Missouri, Oklahoma and
Texas. On the North Pacific Coast winter wheat is ripening rapidly in
Washington, where harvesting Is in full progress, and harvest is general
in Oregon, with good yields indicated.
Spring wheat has continued to advance favorably in the spring-wheat region; the early-sown is headed and tilling well
iiml the late-sown heading In North Dakota; the early Is maturing In
South Dakota and Wisconsin, and the crop is nearly ready to cut in
Iowa. Although black rust Is reported from scattered localities in
nesota and the Dakotas, no material damage is shown, and, with
Comfavorable weather conditions serious injury is notf anticipated.
plaints of smut are received from South Dakota, red rust in Colorado
BPRINGWHEaT.
.
and most fields of North Dakota, and some lodging in Wisconsin, while
Washington desiccating winds have been injurious to the crop in
the filling stage and caused shriveling.
in
—
OATS In the principal oat-producing States harvesting of this crop
well advanced, while in the more northerly districts oats are heading,
the earlv-sown are maturing rapidly, and harvest will be general during
The crop generally is in promising condition, though
the coming week.
bad'y lodged in Ohio, and some complaints of lodging are received from
is
Wisconsin.
—
Exports of Grain and Flour from Pacific Ports. The exJorts of grain and flour from Pacific ports for the week ending
uly 27, as received by telegraph, have been as follows:
From San Francisco to China, 7,540 bbls. flour, to various
South Pacific ports, 12,079 bbls. flour, 500 bushels wheat,
10,000 bushels corn, 6,000 bushels barley and 50 bushels
oats.
Combining thesefgures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, comparison being made
with the corresponding period of the previous year
Flour,
—
Wheat,
Corn,
bbls.
Exports
from
:
c
1
'
;
THE CHRONICLE.
29 1905.]
WINTER WHEAT.
—
bush.
bush.
2,300
11,900
450
11,600
2,300
11,900
450
11,600
80.000
32,351
San Fran
Puget Sound.
Oats,
bush.
Barley,
bush.
Rye,
bush.
Portland
Total
32,351
Total 1904.. 49.912
For other tables usually given here see page 489.
519
continuous for goods at prices and for shipment that
cannot possibly be complied with.
Sheetings Lighter than
4-yards arc still advancing, and many buyers have missed he
opportunity of securing these at reasonable prices.
Export
business has been insignificant during the week, except with
Local merchants haver eeeived advices of
South America.
the Chinese boycott against American goods and are anxiously waiting to see what 'effect this is really going to have.
Bleached goods have again been advanced in some instances,
Prominent lines are
but purchases have no( been heavy.
well sold ahead and are difficult to secure except for lain
Wide sheetings, sheets and pillow eases are firm
shipment.
and in fair demand. Coarse, colored cottons are well conditioned and many lines are unobtainable at the present time.
Denims have been advanced to 13%c. for 9-ounce. Kid(inished cambrics have been advanced to 3%c. for 64 squares.
The demand for prints continues, especially from the West,
where the advance business has been larger than anticiGinghams have been in fair demand and prices are
pated.
(irmly held. Print cloths, regulars, are now quoted at 3%c.,
and 3ktC. has been bid for 28-inch (>4xG0s. There has been
a moderate business in other narrow goods but there has been
comparatively nothing doing in wide goods, which are
firmly held at recent prices.
GOODS. Business has been unusually active
in the men's w ear light-weight woolen and worsted division
during the week, and buyers have freely placed orders, especially for some of the lines which were not opened until
These included representative staples and fancy
this week.
worsteds, and the advances in price were not as large as
many had expected. Advances have already taken place
in certain lines over the prices at which they were opened,
and while some buyers who have not had an opportunity of
placing their orders for these have felt dissatisfied, yet sellers
are so confident of their ability to oversell their production
The market is generally rethat they are not worrying.
garded as a rising one and for that reason the majority of
buyers have placed their orders as quickly as possible to
make sure of getting in cheaply. For this reason many
agents are expecting the cancellations to be heavier than
usual, as a good deal of the purchasing has been of a more or
Production, however, is very little
less speculative nature.
ahead of consumption, and it is expected that all the goods
that can be manufactured will be well taken care of. There
is still very little doing in woolen and worsted dress goods,
but preparations are being pushed forward for the opening
of the new light-weight season.
is
t
—
WOOLEN
r
FOREIGN DRY GOODS.— Imported woolen and worsted
THE DRY GOODS TRADE.
New York, Friday, P. M., July 28 1905.
The number of buyers that have been in town during the
East week has been large and the volume of business done
y cotton goods jobbers has considerably increased.
In
spite of this, however, the market at first hands keeps quiet,
with buyers still confining' their purchases to goods for early
When they are able to secure these at all, they are
delivery.
obliged to pay sellers' full asking prices, which in nearly
every case have been advanced still further during the past
week; but it very often happens that the goods they want
Jobbers' stocks are so low that they are
are unobtainable.
forced to continue purchasing small quantities right along
to supply the requirements of their customers and, although
they have to pay prices for these that leaves them with
practically no margin of profit, and, further, are sometimes
unable to get them at all, yet they still prefer to run the risk
rather than purchase ahead, in the belief that they will be
able to purchase more cheaply later on.
The market at
the present time is entirely governed by supply and demand
and the course of the raw material market has very little
influence.
Manufacturers are growing increasingly independent, and agents are using their influence against any
undue raising of prices, in order to prevent the consequent
natural reaction.
The woolen goods market has again been
active with advances expected almost daily.
DOMESTIC COTTON GOODS.—The
exports of cotton
goods from this port for the week ending July 24 were 2,223
packages, valued at $151,127, their destination being to the
points specified in the tables below:
A iw York
to
July 24.
Great Mritain
Other Luropean
China
India
1905
Week. Since Jan.l.
27
710
31
447
82,854
213
9.07'i
Arabia
Africa
31
Wesl Indies
co
Central America
545
110
436
South America
Other Countries
601
Total
The value
229
2,223
15,349
6.605
16,676
1,530
10,253
33,385
10,620
187,505
Y%,c.
to J^c. in prices.
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1904
Week. Since Jan.l.
372
4
479
2
46,642
4,421
1
12,302
5,965
10,793
196
370
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New York
On
Importations and Warehouse Withdrawals of Dry Goods.
©*•
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—
has
exports since January
en 19,993,542, against $7,908,367 the previous year.
I he demand f<>r heavy brown drills
and sheetings from ill''
home trade has been very small and inquiries have been confined to goods for early delivery
These are so scarce, however, that although the actual amounl of bush
usacted
has been small, il has been sufficient to cause an advance of
of these
Silks
dress goods are quiet and without particular feature.
Linen manuare quieter and ribbons have not been active.
facturers are holding for higher prices for goods ordered from
the mills, but agents are selling stocks on hand at the old
Burlaps are steady but quiet.
figures.
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THE CHRONICLE
520
'
Lexington
8TATC
J)£P£WM£NT,
ClTY
Afl&
Cult.
—Call
is
Valley Trust
Township,
made
for
Co. of St.
Vol. lxx2 i
County,
Lafayette
Mo.
Bond
payment Aug. 20
Louis of '6Y
2
%
at the Mississippi
bonds Nos. 1 to 13
inclusive.
3^Ixje
©hrotxicle,
PUBLISHED WEEKLY.
Terms
ol
Subscription— Payable in Advance
For One Year
flO 00
6 00
18 00
7 50
Months
European a bscrlptlon (Including postage)
Kuropean bubsorlptlon .m Months (including postage)
Annual .subscription in London (including postage)
six Months Subscription in .London (including postage)
I'm
-iv
.
£2
£1
14s.
lis.
—
Pierce County (P. O. Seattle), Wash.— Bond Call.—E. M.
Lakhi, County Treasurer, calls for payment Aug. 12, at the
Trust Company of America or the Knickerbocker Trust
Co. in New York City, 6% funding bonds (Series 3), Nos.
26 to 293 inclusive, issued April 2 1894.
Washington Township, Lafayette County, Mo. Bond
Call.
Bonds Nos. 2, 3 and 13 carrying 3}$% interest have
been called for payment Aug. 20 at the Mississippi Valley
Trust Co. of St. Louis.
—
Subscription includes following flections
Statk and City (semi-annually)
BANK and quotation (monthly)
Railway and Ixdustklai. (tjuiirierly) Street Kailway (3 times yearly)
I
Bond Proposals and
|
The Kailway
i
.'/«
a:;d Industrial Section, issued quarterly, is furnished
chart/e to every annual subscriber ol iho Commercial and
I INANCIAI. CHRONICLE.
The STATE and
(;ity Section, issued semi-annually, is also furnished
without extra charge to every subscriber of the chronicle.
be Si KEET Kailway section, issued three
ar, is likewise furs a
nished without extra charge to every subscriber ol the Chronicle.
The Bank and quotation Section, issued monthly, is also lurnished without extra charge to every subscriber of the Chronicle.
mm
.
•
<
Negotiations
Advertising— Per Inch Space
ol
Transient matter per inch space (14 agate lines)
Two Months
(8 times)
Three Months
Months
Twelve Months
Six
I
$4 20
22 00
29 00
50 00
87 00
(13 times)
(26 times)
(52 tunes)
CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
WILLIAM
B.
DANA COMPANY,
Pine Street, Corner
ol
C.
Publishers,
Pearl Street,
week
—
to the State of Idaho at par.
Dcnon" -'nation $500. except
one bond for $800. Date July 1 iy05. Interest semiannual.
Maturity July 1 1925, subject to call after July 1
1910.
Terms
this
have been as follows
Ada County (Idaho) School District No. 45. Bond Sale.
On July 15 so, 800 5% school-house bonds were awarded
—
Aiken, S. C. Bonds to be Issued. It is stated that this
city will issue bonds for the construction of a water-works
system.
Albany, Q&.—Bond Sale.—The $10,000 5% electric-light
and water bonds offered on June 12 have been awarded to
Denom.
the Browne-Ellinwood Co. of Chicago at 101.67.
ination $1,000.
Date July 1 1905. Interest semi-annual.
Maturity $1,000 each year from 1906 to 1915 inclusive.
Albion (N. Y.) Union Free School District. Bonds Not to
—
We are informed that it will be some
weeks before the $75,000 4% school-building bonds, voted
at the election held June 19 1905, will be ready for issuance.
Amity Special School District No. 9, Sycamore Township,
Items.
Hamilton County, Ohio. Bond Offering. Proposals will be
Alessandro Irrigation District, Cal. Dissolution of Dis- received until 12 m. Aug. 10 by Ira E. Cox, Clerk Board of
trict.
Judge Otter presiding in the Riverside County Supe- Education, Room 1501 Union Trust Building, Cincinnati,
rior Court, on July 19 signed a decree dissolving the Alessan- for $10,000 4% bonds.
Authority Sections 3991 and 3992
dro irrigation District. The bonds put out by this district, Revised Statutes of Ohio; also election held June 1 1905.
aggiegating over $750,000, were declared invalid several Denomination $400.
Date Sept. 1 1905. Interest semiyears ago.
See our issue of Feb. 8 1902, page 339.
Maturity
annually at the First National Bank of Norwood.
lola, Kan.—Bonds Valid.— The Topeka "Capital" of $400 yearly on Sept. 1 from 1906 to 1930 inclusive.
CerJuly 20 says:
tified check for $300, payable to the Clerk Board of EducaPost Office
NEW YORK.
Box 958.
be Offered at Present.
News
—
—
,
Attorney General Coleman yesterday ruled that an issue of $46 000 worth ot
refunding bonds of fola were valid and should be registered. Auditor Wells refused to register the b onds until he had the opinion of the Attorney General regarding
then- legality.
Some time ago
the people of lola wanted to make some improvements on their
water plant. They had no money for that purpose, so the city council issued city
warrants to pay the bill, although the city could not redeem the warrants. They
then had the proposition to vote refunding bonds to take up the warrants before
the people and it carried. The Attorney General held that while the city could not
legally issue the warrants as It did, the city is liable for the costs of the improvements which It had made and that therefore the Issue of refunding bonds is valid.
New York City.— Tax Rates
for 1905.— The Board of AlderJuly 25 fixed the rates of taxation for 1905. The
figures for 1905 (per $1,000 of valuation) as well as those for
1904 are as follows:
men on
Boroughs
1905.
Manhattan and The Bronx
Brooklyn...
Queens
Richmond
1904.
$15.1342
15.7296
15.7228
15.9281
$14.9051
15.6264
15.5523
_. 15.5821
—
Decrease.
$0.2291
0.1032
0.1705
0.3460
Salt Lake City, Utah.
Bond Issue Valid. We are advised that the action of Joseph W. Houston (a member of
the Salt Lake City Real Estate Association) vs. Salt Lake
City, instituted in the District Court of Salt Lake County on
June 7 for the purpose of preventing the issuance of the
$1 000,000 4% water and sewer bonds awarded on Feb. 27
to the Mutual Life Insurance Co. of New York City, has
never come to a hearing, having been abandoned by Mr.
Houston. Another suit, however, was instituted in the
State Supreme Court on the same day by the State of Utah
ex rel. George E. Ellerbeck, this action also being taken to
prohibit the city from issuing the bonds in question.
On
June 20 the Supreme Court denied the writ of prohibition
prayed for by the plaintiffs and held that the city had a lawful tight and authority to issue the bonds.
Our informant
adds that all litigation has now ceased and that the bonds
are being issued to the purchasers in accordance with the
agreement made at the sale of Feb. 27.
Bond
Calls
Cape Girardeau,
City Clerk, calls for
and Redemptions.
—
Mo.—Bond
tion, required.
—
Argentine, Ean. Action on Bond Issue Not Yet Taken.
action has yet been taken looking to the isssuance of the
funding bonds mentioned in V. 80, p. 2474.
The First National Bank
Assumption, 111. Bond Sale
of Assumption has been awarded an issue of $6,000 6% sidewalk bonds. Denomination $2,000. Date May 1 1905.
Maturity $2,000 May 1 of the years 1906,
Interest annual.
1907 and 1908.
Atlanta, Ga. Bonds Proposed. The Finance Committee
recommends that authority be obtained from the Legislature to submit to a vote of the people the question of issuing
$500,000 city-hall and $500,000 water-works-improvement
bonds.
Averyville, 111.—Bond Sale.— On July 11 $9,000 5% street-
No
—
—
improvement bonds were awarded to MacDonald, McCoy &
Denomination $1,000. Date
Co. of Chicago at 108.344.
July
1
1905.
Interest semi-annual.
received:
Maturity
Juy
1
1925.
The following bids were
MacDonald. McCoy & Co., Chic. -_S9. 751 Trowbridge & Niver Co., Chicago. $9, 450
9,000
9,67(5 Merchants' Nat. Bank, Peoria
N. W. Harris & Co., Chicago
9.471)
John Nuveen & Co., Chicago
1
—On
Ballard, Wash.—Sored Sale
July 11 the $75,000 20year gold coupon funding bonds described in V. 80, p. 2634,
were awarded to N. W. Harris & Co., Chicago, at $76,733
for 4.}4 per cents.
—
Minn. Bond Offering.
Clay County,
Further details are at hand relative to the offering on Aug. 5
of the $40,000 43^% coupon water-works bonds authorized
Proposals for these bonds will
at the election held June 29.
be received until 8 p. m. on that day by M. P. Philippi, City
Denomination $1,000. Date Aug. 1 1905. Interest
Clerk.
Maturity 30 years. Certified check for $200,
semi-annual.
payable to M. P. Philippi, City Clerk, required. Bonded
debt at present $10,000; floating debt $6,000.
Barnesville,
Bay
City, Mich.
Bond
—
Proposals will
Offering.
by C. J. Barnett, City
ceived until 3 p. m., July 31,
be
re-
Comp-
Call.
Geo. E. Chappell,
local-improvement bonds. Denomipayment Sept. 1 at the National Bank troller, for $75,000 4%Aug. 1
Date
Interest semi-annually
1905.
nation $1,000.
of Commerce, New York City, 5% funding bonds Nos. 41 to
Maturity $25,000 in three, $25,000 in
in New York City.
50 inclusive each for $500 dated March 1 1890.
Certified
five and $25,000 in eight years after date of issue.
Evanston Township High School District, 111. Bond check for $500, payable to the City Comptroller, required.
Call is made for payment Sept. 1 at the First National
Call.
Accrued interest to be paid by purchaser, who must also
Bank of Chicago, of Third Series bonds Nos. Ill to 120 in- furnish lithographed bonds free of charge.
clusive, dated Sept. 1 1891.
Bond Offering. Proposals will be
Belief ontaine, Ohio.
Henry County, Mo. Bond Call. Call is made for pay- receivedt until 12 m. Aug. 8 for $50,000 5% coupon electricment Sept. 1 at the Merchants-Laclede Bank of St. Louis light- works bonds. Denomination $1,000. Date June 18
of bonds Nos. 1 to 155 each for $1,000 and Nos. 156 to 205
Maturity Sept. 1
Interest March 1 and Sept. 1.
1905.
—
—
—
each for $500.
1935, optional after Sept.
1
1915.
Certified check for
5%
Lawrence County (P. O. Monticello), Miss. Bond Call. of the amount of bonds bid for, payable to the Treasurer of
Call is made for payment Nov. 5 at the office of the County said city, required.
Purchaser to pay accrued interest.
Treasurer of $16,000 6% bridge bonds issued Nov. 5 1900.
Fred C. Spittle is Clerk of Council.
—
—— —— —
— —
—
July
—
—
/>'<>/!</
Offering.
— Proposals
be received
will
West Street Improvement
m. Aug. 2] for 13,000
Interest
1905.
Denomination $300. Date Aug.
bonds.
M .iv and Nov. in Berea. Maturity $300 yearly on Nov.
from 1906 to 1916 Inclusive.
">'
until 12
,
1
1
1
1
Bingham
City,
Utah.— Bond Sale— On
July
1
$8,000
.V
Maturity
20
years,
subject
to
after
call
ten years.
—
Bonds Not to be Issued at Present.
are advised that the $85,000 sewer bonds voted at the
election held June 2 1905 -will not be offered for sale until
next year.
Binghamton, N. Y.
We
—
Proposals will be
Bird Island, Minn. Bond Offering.
received until 3 p. m. to-day (July 29) by J. H. Feeter,
Village Recorder, for $7,000 5',' 20-year water and lightDenomination $500.
Date July 31 1905.
plant bond-.
Interest annual.
Bishopville, S. 6. Description of Bonds.—The S20,000
water bonds which we stated last week had been sold answer
Denomination SI ,000. Date
to the following description:
Maturity
June 1 L905. Interest 6%, payable annually.
The bonds were purchased at
1945, subject to call 1925.
par by Trowbridge & Xiver Co. of Chicago.
Proposals will be
Breckenridge, Mo. Bond Offering.
received until 12 m. Aug. 15 by O. J. Chapman, Mayor, for
1,000
5% electric-light bonds. Denomination $500.
Interest semi-annually at the Exchange
te July 1 1905.
Bank of Breckenridge. Maturity $500 } early on July 1
from 1910 to 1921 inclusive and" $1,000 yearly on July 1
from 1922 to 1925 inclusive. Cash or certified check for
$500 required. The city has no bonded debt at present.
—
r
—
Brooklyn Heights, Ohio. Bond Offering. Proposals will
be received until 12 m. Aug. 15 by H. H. Richardson, Village Clerk (P. O. Brooklyn, R. F. D. No. 2), for $7,000 5%
highway-improvement bonds. Denominations $500 and
.000." Date day of sale.
Interest April 1 and Oct. 1 at
the Home Savings & Banking Co. of South Brooklyn.
Maturity one bond yearly on Oct. 1, $500 in the years 1906,
1907, 1908, 1910", 1912 and 1914, and $1,000 in the years
Certified check for 10% of the
1909, 1911, 1913 and 1915.
amount of bonds bid for required.
Bonds Authorized. The issuance of $150,Buffalo, N. Y.
000 Z}4% l-30-3 ear (serial) refunding city and county hall
bonds has been authorized. Date of bonds Sept. 1 1905.
—
r
Interest semi-annual.
521
V. si, p. ii, were awarded to Seasongood & Mayer, Cincinnat, for $18,753 20.
Cincinnati, Ohio. -- Bonds A vthoriged,—The City Council
on July 17 authorized the issuance of 8250,000 3^'
con;
street-improvement (city's proportion) bonds.
DenominaDate Sept.
Interest semi-annually at
tion S500.
1905.
the American Exchange National Bank, New York (it v.
Maturity Sept.
1926.
,',
1
';
general-purpose bonds were awarded to the State of Utah at
Date July 1 1905. Interest
Denomination St. 000.
par.
semi-annual.
—
—
THE CHRONICLE
29 1905.]
Berea, Ohio.
—— —— — —
——
—
—
Buiord, Ga. Bonds Voted.
By a vote of 192 to 32 this
place on July 15 authorized the issuance of $10,000 light,
D00 water-works and $4,000 school-buliding
bonds.
The.-e bonds, we are informed, have already been sold.
5%
Burlington City (P.O. Burlington), N. J. Bond Offering.
Proposals will be received at any time by the Finance
Committee for $4,500 20-year fire-house and $5,250 20-30r
(optional) school 4% coupon bonds.
Denomination
$500.
Date Aug. 1 1905. Interest semi-annuallv at the
City Treasurer's office.
Present bonded debt, $201,802.
A-- .-sed valuation, 82,700,000.
J. F. Cline is City Clerk.
Caldwell County (P. O. Lockhart), Tex. Bonds Not to be
ted at Present.
We are informed that the County Commissioners have decided not to issue at present the $15,000
5-40-year (optional) road bonds described in V. 80,
—
—
115.
—
Carthage Township, 111. Bonds Voted. It is stated that
this township has authorized the issuance of $5,000 bridgerepair bonds by a vote of 198 to 28.
* Carthage (N. Y.) Union Free School District No. 1.—
Bond Offering. Proposals will be received until <S p. m.
July 31 by George McA. Gilbert, Clerk, for 828,000 highbonds.
Denomination 8500. Date Sept. 1 1905.
rate to be named in bids, pavable at the Carthage
lal
Bank. Maturity yearly on Jan. 1. $1,000 fr>
1906 to 1915 inclusive, $1,500 from 1916 to 1919 inclusive,
$2,000 from 1920 to 192.5 inclusive. The school
bt at present.
Assessed valuation $1,268,-
—
i
I
—
Clarence, Iowa.
Description of Bonds.
We are advised
gas-plant bonds, the sale of which we
that the $5,500 5'
recorded In last week's issue, were taken by Geo. M. Bechtel
Denomination $500. Date
& Co. of Davenport for $5,600.
Aug. 1 1905. Interest semi-annual. Maturity from 1909
to 1914 inclusive.
"Cleveland, Ohio. Bond Offering.
Proposals will be received until 12 in. Sept. 1 by J. I*. Madigan, City Auditor,
for the following bonds:
J
—
$250,000 4 ro coupon paving and Intersection bonds.
ity
170,000
-1
A us;.
1
Date Au?.
coupon lire-improvement bonds.
Date Aug.
\m:.
L914.
200.000-1', coupon water-works bonds. Date Oct.
23,000 4% coupon Sewer District No. 23 bonds.
Oct. 1 1920.
1
\
—
:
1
—
.
,
Of
MOW
Je;
ChiUicothe, Ohio.— Bond Sale.— On July 17
*A'
10-year street-improvement
bond-
All bonds are in denomination of $1,000.
Interest semiannually at the American Exchange National Bank, New
York City. Certified check on a national bank for 5% of
the amount of bonds bid for, payable to the "Treasurer of the
city of Cleveland," required. Bids to be made on blanks
furnished by the City Auditor.
Clinton, Minn.
Bond Sale. On July 3 the $6,000 5%
20-year water bonds described in V. 80, p. 2475, were awarded
These are the same bonds
to Kane & Co. of Minneapolis.
awarded on May 1 to the American Securities Corporation,
which sale was never consummated.
Colorado Springs, Colo. Bonds Voted. The election
July 18 resulted in a vote of 129 to 3 in favor of the proposition to issue $340,000 4% 10-15-year (optional) refunding
bonds. Date of sale not determined.
Columbia, Mo. Bond Election. An election will be held
Aug. 8 to vote on the issuance of $10,000 water and light
and $10,000 sewer bonds.
Columbia School District, Lancaster County, Pa. Bond
Sale.— On July 25 the $30,000 4% 10-30-year (optional)
school bonds described in V. 81, p. 225, were awarded to
Albert C. Case, New York City, at 101.666 and interest.
Following are the bids:
Albert C. Case, New York
$30,500 00 Jno. P. O'Brien & Co.. Boston$30,320 00
Union Tr. Co.. Lancaster
30,493 SO Harrison & Smith, New York. 30, 246 00
Hayden, Miller & Co., Cleve.. 30,450 00 W. J. Hayes & Sons. Cll ve... 30,075 00
2,512 50
Lamprecht Bros. & Co., Cleve. 30,375 00 Ralph Hale (for S2.500)
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Columbia Tr. Co., Columbia.. 30,300 00 Cent. Nat. Bk., Columbia
$10,000)
<
$18,000
in
(Cor
... 10,000 00
—
Columbus Grove, Ohio. Bond Sole. An issue of $12,300
5% street-paving bonds has been awarded to P. S. Briggs &
Co. of Cincinnati for $12,925.
Bonds
Cookville (Tex.) Independent School District.
Registered.—On July 21 an issue of $4,000 5% 10-year
(optional) school-house bonds was registered by the State
Comptroller.
Securities are dated June 1 1905.
On
Dallas County, Tex. Bonds Registered and Sold.
July 19 the State Comptroller registered an issue of $151,000
4% 5-40-year (optional) road and bridge funding bonds
dated June 1 1905.
On the same day these bonds were purchased at par by the State Board of Education as an invest-
—
ment.
Dayton, Ohio.
4%
of
lows:
Bond
bonds described
Sale.
— On
July 22 the three issues
were awarded as
in V". 81, p. 44,
fol-
4%
coupon storm-water-sewer bonds, maturing $5,000 on June 1 1909 and
$1,000 yearly on June 1 trom 1910 to 1919 inclusive, to Seasongood & Mayer
Cincinnati, for $15,304 50.
20,000 4% coupon fire-department bonds maturing $0,000 on Aug. 1 1910 and
82,000 yearly on Aug.
from 1911 to 1917 inclusive to Central Trust &
Safe Deposit Co., Cincinnati, for $20,471 20.
20,000 4% coupon West J'ifth Street repair bonds maturing ?5,000 on July 1 1910
and SI. <»)0 yearly on July 1 from 1911 to 1925 inclusive to Denlson, Prior
& Co.. Cleveland', for $20,633 50.
$15,000
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Detroit, Mich.
Bond Sale. The following bids were received on July 25 for the $250,000 314% boulevard bonds
described in V. 81 p. 279.
The matter was referred to the
,
Committee on Ways and .Means.
S100.000 Bonds.
\al.
30-1
Serial.
Trust Co.. Detroit
.$163,661 00 1154,983 50 $105,77/00 S103.S02 70
on. Leach & Co., Chicago . 156,780 00
104,520 00
ii. w. Noble & Co. and
E. n.
Rol
152,820 00
151.81500 101,880 00 101,36000
as
W. E. Moss 4 Co., Detroit
105,100 00
Matthew Finn. Detroit
103.054 00 101,63600
iietrolt
— Prop,
Devine (Tex.) School District. Bondi
be received until
p. m. Aug. 15. by W.
will
L.
1
Dubo
.
5%
5-40-year (optional;
Secretary School Board, for ss,000
bonds.
Denomination $500.
Cnterest annually a1 the National Bank of Devine or at the office of th
Juation 1904,
urer.
District has no other debt.
A
$280,000. Cheek for $400 required.
Dickinson, N. D.—Bond Election. An election, it is
" '
ted, will be held on Aug. 9 to vote on
issuing $23,000 water-workfi bonds.
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Donaldsville, La.—Bond Offering.
ceived until 8 p. tin. Aug. 23 t
$31,000 water and
of
tie-
Maturity
1905.
1
1905. Maturity Oct. 1 1920.
Date Oct. 1 1905. Maturity
$150,000 Boiuls.
;
Matur-
1905.
1
30-1
Central School District, Stanislaus County, Cal. Bond
bonds of this district
T 12 $3,000 6<
a*'
the W. R. Btaats Co. of Pasadena at 106.30.
Chauncey Special School District, Athens County, Ohio.
Bond (/,
-Proposals will be received until 12 m.
ion,
Pendergrass, Clerk Board of
bonds.
Denomination $500. Date Aug. 12
d- annually.
Maturity $500 yearly on
from 1907 to 191 inclusive.
1
Chester Township School District, Burlington County,
Pa. Bond Offering.
Proposals will be received u
m. Aug. l by John T. I.
I-Clerk (P. O.
District
M
De'OOD r
-.•hool bond
viation $500.
Interest semi-annually. Maturity $2,000
yearly from 1909 to 1923 inch;
Certified check for 10%
ofl the amount of bid required,
the Legality of the seouribeen approved by th<- Attorney General
State
1
1916.
June 21.
streel
".'
,
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Pi
25,000
bon
Denomination
$1 .000.
a1 the Bank of
[nteresl Bemi-annually
rity $5,000 in ten years, $10,000 In
L9l
Date Julj
MatuDonald on ill<
120,000
twenty
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THE CHRONICLE
5*22
Town has
in thirty years and $21 ,000 in forty years.
Assessed valuation 1905, $592,958.
at present.
no deb
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Bond Sale.
(P. O. Alexandria), Minn.
The $8,000 drainage bonds offered without success on
Feb. 6 have been taken by the State of Minnesota at par for
See V. 80, p. 485, for description of bonds.
3 per cents.
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Douglas County
Drayton (N. Dak.) School
District.
—Bond
•
Sale.
—The
State has purchased the $8,540 school-building bonds mentioned in V. 80, p. 2415.
East Grand Forks, Minn. Bonds Voted. This place recently by a vote of 165 to 51 authorized the issuance of
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$30,000 water-works bonds.
Edwardsdale, Pa. Description of Bonds. The $10,000
funding and hose-house bonds recently sold to the Kingston
Deposit & Savings Bank of Kingston, Pa. (see V. 80, p.
2476) carry 5% interest, payable May 1 and Nov. 1. Denomination $1,000. Date May 1 1905.
Proposals will be received
Elmira, N. Y. Bond Offering.
until 8 p. m. Aug. 7 by Isaac H. Levy, City Clerk, for the
following bonds:
$55,000 4% 30-year Lake Street bridge bonds. Denomination 81,000. Date Sept. 1
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Interest semi-annual. Certified check lor $1 ,500, payable to the
1905.
City of Elmira, required.
27,000 1-27-year (serial) refunding bonds at not exceeding 4% interest. DenomiInterest semi-annual. Certified
nation $1 000. Date Sept. 1 1905.
check for $1,000, payable to the City of Elmira, required.
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Fairmont, Minn. Bond Offering. Proposals will be received until 8 p. m. Aug. 21 by W. W. Ward, Mayor, for
$10,000 5% 10-year sewer and drainage bonds. Authority,
Denominations ten bonds of $100
election held Apr. 4 1905.
Interest
each, ten for $500 each and four for $1,000 each.
semi-annual.
Falls City, Neb. Bond Election.
A special election will
be held Aug. 15 to vote on the question of issuing $36,000
10-20-year (optional) water-works-improvement bonds.
Fayette, Mo. Bonds Voted. This city on July 18 voted
to issue $40,000 water- works bonds.
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(P. O. South Framingham) Mass. — Bonds
—This town has authorized the issuance of $50,-
Framingham
Authorized.
,
000 Z]/2% coupon water- works-extension bonds. Denomination $1,000.
Interest January and July in Boston. Maturity $2,000 yearly on July 1 from 1911 to 1935 inclusive. Date
of sale not yet determined.
Freeport School District No. 145, Stephenson County,
111.—Bond Sale.— On July 13 $66,000 4% public-library
building bonds were awarded to the State Bank of Freeport for $66,685.
Following are the bids:
State Bank of Freeport
$66,685 00 N. W. Harris & Co., Chicago. .$66,423 00
R. Kleybolte & Co.. Cincin... 66,667 50 Farson Leach & Co., Chicago.. 66,412 50
E. H. Rollins & Sons, Chicago. 66,534 60 N. W. Halsey & Co.. Chicago. 66,403 00
& Savings Bank... 66,500 20
Gaston County (P. O. Dallas), N. C. Bond Offering.
Proposals will be received until 12 m. Aug. 17, by the Board
of County Commissioners, A. J. Smith, Clerk, for $300,000
4% 30-year public-road-improvement bonds. Interest January and July. Certified check for 3% of bid required.
Georgetown, Ky. Bond Offering. Proposals will be received until 3p.m. Aug. 1 by the City Council for $25,000
4% sewer bonds. Denomination $1,250. Interest semiannually at the Farmers' Bank of Georgetown. Maturity
one bond yearly. Bonded debt, including this issue, $39,000.
Assessed valuation $1,834,847. Certified check for $500 is
required.
J. W. Keller is Mayor.
Grand Island, Neb. Bond Election Not Yet Held. We
are informed that no vote has yet been taken on the question
to issue bonds to pay for the proposed $35,000 light plant.
The matter is still in the hands of a committee which is
First Trust
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Seasongood
[Vol. lxxxi.
W.J. Hayes &
New
251 Hoehler & Cummlnes. Toledo. $13. 437 50
50 ll.iyuen, Miller & Co.. Cleve.. 13.435 00
00 Weil, Kolh & Co., Cincinnati. 13,424 00
00 w. H Todd & Co.. Cincinnati. 13.410 00
Co.. Cleve. 13,453 70 First Nat. Bank, Bamesville.. 13.13100
Mayer, Cincin. .$13,521
& Co., CI&Bos. 13,497
Sons. Cleve... 13.495
First Nat. Iik.. Columbus 13,45.5
<fe
Denlson, Prior
Lamprecht Bros.
&
!
Hardin County, Tex. —Bonds Registered. — On July 20 the
State Comptroller registered an i.s.sue of $40,000 5% 10-40year (optional) jail bonds dated April 10 1905.
Harris County (P. O. Houston;, Tex. Bonds Defeated.
The proposition to issue $500,000 4% 10-40-year (optional)
court-house bonds failed to carry at the election held July 17.
Hebron (Town;, Aitken County, Minn. Bond Sale.
The $3,500 1-7-year (serial) road and bridge bonds offered
on June 27 have been sold to the J. H. Crandall of St. Paul
at par at five per cents.
See V. 80, p. 2416, for description
of bonds.
Hoboken, N. J. Bonds Not Sold. No bids were received
on July 26 for $10,000 4% 10-year park bonds. Denomination $100.
Interest semi-annual.
Honey Grove, Tex. Bonds Registered. An issue of
$10,000 5% 20-40-year (optional) school-house bonds dated
July 1 1905 was registered by the State Comptroller on
July 1.
Huron School District, Erie County, Ohio. Bond Sale.
On July 22 the $18,000 43^% 1-18-year (serial) bonds de.
scribed in V. 81, p. 226, were awarded to Seasongood &
Mayer, Cincinnati ,*at 103.165 and interest. Following are
the bids:
Seasongood & Mayer. Cincin.. $18,569 75| Hoehler & Cummings. Toledo.$18,378 50
American Bank & Tr. Co
18.530 00 Weil, Roth & Co.. Cincinnati. 18.365 00
Denlson, Prior & Co.. Cl.&Bos. 18,509 40 F. L. Fuller & Co.. Cleveland. 18,225 00
Lamprecht Bros. & Co., Cleve. 18,404 60 Sec.Sav. Bk. & Trust Co
18,185 00
W. 3. Hayes & Sons, Cleve... 18,396 00 P. S.Briggs& Co., Cincinnati. 18.185 00
Hayden, Miller & Co., Cleve.. 18.390 16 W.R.Todd & Co., Cincinnati. 18.182 00
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Bond
Islip School District No. 2, Suffolk County, N. Y.
building bonds mentioned
On July 11 the $11,500
Sale.
in V. 81, p. 171, were awarded to the Union Savings Bank of
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4%
Patchogue at 100.501. Denomination $1,000, except one
for $500.
Date July 15 1905. Interest annually on
Nov. 1. Maturity Nov. 1 1917.
Proposals will be re*
Jackson, Mo. Bond Offering.
ceived until 7p.m. Aug. 7 by William Paar, City Clerk, for
$27,000 5-20-year (optional) water and light bonds at not
Denomination $500.
exceeding 5% interest.
Jefferson County (P. O. Fayette), Miss. Bids Rejected.
Bond Offering.—AU bids received July 20 for $10,000 5%
5-25-year (optional) court-house and bridge bonds dated
New proposals are asked for
Sept. 15 1902 were rejected.
Denomination $100.
these bonds, this time until Aug. 10.
Interest annually at the Jefferson County Bank.
Bonds Not
Kernersville (N. C.) Graded School District.
Sold.
No satisfactory bids were received on July 20 for the
$4,000 5% 20-year school bonds described in V. 81, p. 226.
Laddonia (Mo.) School District. Bond Sale. This disdrict recently f awarded
$2,000 4% 10-20-year (optional)
bond
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school-house and $1,000 5% 5-10-year (optional) building
bonds to the Bank of Laddonia at 105 and 102.10 respecDenomination $500. Date June 15 1905. Intertively.
semi-annually.
est
Lake County (P. O. Two Harbors), Minn. Bond OfferProposals will be received until 10 a.m. Aug. 15, by
ing.
John P. Paulson, County Auditor, for $45,000 bonds at not
Denomination $1,000. Interest
exceeding 5% interest.
Maturity $5,000 in 15 years, $10,000 in
semi-annually.
16, in 17, in 18 and in 19 years after date of issue.
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Lake Park, Minn. Bonds Not Sold. No sale was made
on July 24 of the $1,800 6% water bonds described in V. 81
Bonds will be re-advertised.
p. 280.
investigating as to the cost of the plant
Lancaster, Ohio.—Bond Sale.— On July 15 the $3,500 4%
Great Falls, Mont. Bond Litigation. The city intended
7-year bonds described in V. 81, p. 46, were awarded to the
offer for sale on Aug. 14 $10,000 5% bath-house bonds,
to
An offer
Fairfield National Bank of Lancaster for $3,530.
but, we are informed, the matter is now tied up by injuncof $3,527 50 was also made by the Hocking Valley National
tion proceedings.
Bank of Lancaster and one of $3,504 16 by the Central
Greene County (P. O. Bloomfield), Ind. Bond Offering. Trust & Safe Deposit Co. of Cincinnati.
Proposals will be received until Aug. 19, by William H.
Lancaster (Tex.) School District. Bids Rejected. All
Deckard, County Auditor, for $11,000 6% bridge bonds.
bids received July 20 for the $15,000 4% school bonds were
Denomination $500. Date Feb. 17 1905. Maturity $2,000
yearly on Jan. 1 from 1907 to 1910 inclusive and $3,000 rejected.
The
Lasalle County (P. O. Cotulla), Tex.—Bond Sale.
Jan. 1 1911. Accrued interest to be paid by purchaser.
These bonds were originally awarded on April 8 to Meyer & $6,000 4% 5-40-year (optional) court-house bonds registered
Kiser of Indianapolis, but were subsequently refused by that by the State Comptroller on June 28 have been sold to the
Stackman National Bank of Cotulla at par. Denomination
firm on a technicality.
Date Dec. 10 1904.
Bond Sale.— On July 18 $14,500
gravel road bonds $1,000.
Proposals will be received
were awarded to E. D. Bush & Co., Indianapolis, for $14,Laurel, Miss. Bond Offering.
686.
Denomination $362 50. Date May 15 1906. Inter- until 7:30 p. m. Aug. 1 by W. F. Daly, City Clerk, for $20,est semi-annual.
000 5% 20-year school-building bonds. Denomination
Grosse Point (Mich.) School District. Bond Sale. An $100. Date Aug. 15 1905. Interest annually in Laurel.
Assessed
issue of $15,000 4J^% 25-year bonds of this district has been Bonded debt, including this issue, $109,500.
valuation 1904 $1,590,330 and for 1905 $1,763,756, the
sold to W. E. Moss & Co. of Detroit.
Hammonton School District, N. J. Bond Sale. On July latter figures not being effective until October.
Lawrence, Mass. Temporary Loan. A loan of $100,000
25 the $18,000 4% coupon school-building bonds described
in V. 81, p. 171, were awarded to W. E. Jackson & Co., New maturing Nov. 7 1905 has been negotiated with Loring,TolYork, at 100.402 and accrued interest. Following are the man & Tupper of Boston at 3.44% discount. The following bids were received:
bids:
Viscount.
Discount.]
.100.402 H. L. Crawford & Co. N. Y
W.E.Jackson & Co.. N. Y...
100.38
3.70%
Loring Tolman & Tupper. Boston 3.44% (Geo. Mixter, Boston
Harrlman & Co., New York
.100.73
3.78%
3.47% Jose, Parker.&Co., Boston
Blake Bros. & Co., Boston
3.57%
Hancock County (P. O. Findlay), Ohio. Bond Sale. We Bond & Goodwin. Boston
give below the bids received on July 24 for the $13,000
Lawrence County, S. Dak. Bond Election. An election
5-year (average) coupon pike-improvement bonds described will be held Aug. 29 to vote on the question of issuing $25,000
in V. 81, p. 171:
ourt-house bonds.
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July
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THE CHRONICLE.
29 1905.
—
At the general election
Lexington, Ky. Bond Election.
next November the question of issuing $27,000 viaduct
bonds will be submitted to a vote of the people.
Lorain, Ohio.— Bond Salt.— We are advised that the $3,000
sewer-repair bonds mentioned in our issue of June 17 have
been sold.
Lordsburg School District, Los Angeles County, Cal.
Bonds Voted. This district on July 15 by a vote of 39 to 11
authorized the issuance of $15,000 school-house bonds.
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5>3
and one-half $100 each.
Maturity
Jul}'
1
January
Interest
1
and July
1.
1935, subject to call after twenty years.
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Tenn.— Bonds Voted. By a vote of 211 to 230
on July 20 authorized the issuance of the $500,000
30-year road bonds mentioned in our issue of July 1.
Nashville,
this city
I
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New Ulm, Minn.
Bonds Voted. The $30,000 sewer bonds
V. SI, p. 172, were authorized by a vote of
182 to 164 at the election held July L8.
mentioned
in
Nobles County (P. O. Worthington), Minn. Bond Sale.
Louisburg (N. C.) Graded School District. Bonds ReOn July 25 the $8,000 3-10-year (serial) ditch bonds deOn July 10 an issue of $H).(ioo ,v 30-year bonds was scribed in V. 81, p. 2S0, were awarded to U. M. Stoddard &
told.
awarded to the First National Bank of Louisburg for Co. of .Minneapolis at 100.70 for 4J^ per cents, interest to be
These bonds payable semi-annually.
$10,551 50 and blank bond- free of charge.
take the place Of the $10,000 awarded on May 15 to F. L.
North Plains Township, Ionia County, Mich. Bond
Fuller & Co. of Chicago, which firm subsequently refused
An issue of $10,000 bonds of this township has been
Sale.
the issue on the ground that the Act authorizing the same
provided for interest payable annually whereas the bonds sold to W. E. Moss & Co. of Detroit atJIOl.
North Providence, R. I. Bonds Authorized. At a special
then offered called for semi-annual interest. Bonds as
now issued carry interest pavable annually. Denomination town meeting held July 22 the issuance of $65,000 4% 40Date July 10 '1905.
year funding bonds was authorized.
$1,000.
Norwood Township, Stanly County,, N. C. Bonds Voted.
Luzerne (Warren County) and Hadley (Saratoga County)
Union Free School District No. 1, N. Y. Bond Sale Post- —This township on July 20 voted to issue $10,000 4% 50poned.
We are advised that the sale of $23,000 4% regis- year bonds in aid of the Winston-Salem South Bound RR.
tered school bonds, originally advertised to take place on
Oberlin, Ohio.—Bond Sale.— On July 22 the $17 000 5%
July 20 and subsequently postponed to July 31, has again 10-year debt-extension bonds described in V. 81, p. 227,
been postponed, the new date not yet being set.
were awarded to Denison, Prior & Co. of Cleveland at
Following are the bids:
107.059 and interest.
Madison County (P. O. Jackson), Tenn. Bond Sale.
ILamprecht Bros. & Co., Cleve.$18,038 70
The highest bid received July 26 for the $150,000 4% 30- Denison, Prior & Co., Cleveland & Boston
...$18,200 00|State Sav. Bank Co.
18.005 00
40-year (optional) road bonds described in V. 81, p. 226, Well, Roth & Co., Cincinnati. 18,125 00 F. L. Fuller & Co.. Cleveland. 17,953 70
Iloehler & Cummlngs, Toledo. 18,061 50|Hayden, Miller & Co., Cleve.. 17.868 70
was that of E. H. Rollins <fc Sons, Chicago, who offered W.J. Hayes & Sons. Cleve... 18.041 001
$150,500 for the bonds. The Union Bank & Trust Co. of
Onawa, Iowa. Bond Offering. Proposals will be reJackson, the Union Savings Bank & Trust Co. of Cincin- ceived until 8 p. m. Aug. 7 (time extended from July 24) by
nati and Weil, Roth & Co., Cincinnati, offered $148,750, the Town Council for $10,000
4% 20-year water-works bonds.
$143,500 and $142,500 respectively.
Denomination $1,000. Date Aug. 1 1905. Interest semiMankato, Kan. Bond Election. An election will be held annually in Onawa. C. W. Ross is Town Clerk.
in this place to vote on the question of issuing $10,000
Oneida County (P. O. Utica), N. Y. Bond Offering.
public-hall bonds.
Proposals will be received until 12 m., Aug. 4, by Henry W.
Mansfield, Mass.—Bond Sale.— The $7,000 4% 30-year Roberts, Co. Treasurer, for $520,000 3J/>% registered courtAuthority Chapter 32 Laws of 1905. Delight bonds described in V. 80, p. 2636, have been sold to house bonds.
Denomina- nomination $1,000. Date Aug. 1 1905. Interest semiJose, Parker & Co. of Boston for $7,578 90.
tion $500.
Date June 1 1905. Interest semi-annual. Ma- annual. Maturity $22,000 yearly on Feb. 1 from 1906 to
1923 inclusive, $24,000 Feb. 1 1924, $25,000 yearly on Feb. 1
turity June 1 1935.
Manti School District, Sanpete County, Utah. Bond from 1925 to 1928 inclusive. Certified check on a national
bank for 1% of the par value of the bonds bid for, payable
Proposals will be received until 3 p. m. Aug. 21
Offering.
by W. G. Crawford, District Treasurer, for $12,000 6% to the above-named Treasurer of Oneida County, required.
Orange County (P. O. Goshen), N. Y. Bond Sale Post10-20-year (optional) gold coupon school-house bonds.
Denomination $500. Date Sept. 15 1905. Interest semi- poned. We are advised that the sale of the $30,000 33^%
annually at the Manti City Savings Bank of Manti. These registered jail bonds which was to have taken place on July 24
bonds were authorized by a vote of 167 to 6 at election held was indefinitely postponed. See V. 81, p. 281, for descripJune 6 1905. They are exempt from all taxation. Certified tion of bonds.
eheck for 1% of the amount of bid, payable to W. G. CrawOregon, 111. Bonds Authorized. The issuance of $10,000
ford, Treasurer, required.
Bonded debt at present $2,000. street-improvement bonds has been authorized.
Assessed valuation 1904 $799,855.
Ottawa (Kan.) School District. Bonds Defeated. The
Marianna, Fla. Bond Election. An election will be held election July 6 resulted in the defeat of the proposition to
Aug. 22 to vote on the question of issuing $12,000 town-hall issue $10,000 school-building bonds by a vote of 95 for to
and school bonds.
140 against.
^__^_
Marion, Ind. Bond Offering. Proposals will be received
Owatonna, Minn. Bond Election. An election has been
until Aug. 17 by E. E. Coats, City Comptroller, for $20,000 ordered for Sept. 19 to vote on the question of issuing $15,000
5% coupon general-city-funding bonds. Denomination city-hall bonds.
Date Aug. 1 1905. Interest June and December
$1,000.
Pawnee, Okla. Bonds Voted. This town on July 20 by
at Winslow, Lanier & Co. of New York City.
Maturity 1915. two-thirds majority authorized the issuance of $7,500 6%
Menominee, Mich. Bond Offering. Proposals will be re- 10-20-year (optional) electric-light bonds.
ceived until 8 p. m. July 31 by F. S. Norcross, City Clerk,
Pensacola, Fla. Bond Election.
An election has been
for $30,000 4% park bonds.
Authority vote 801 to 71 at ordered for Aug. 23 to vote on the question of issuing $750,election held June 30.
Denomination $1,000. Date Aug. 000 improvement bonds, mention of which was made in last
1 1905.
Interest annuallv on April 1 at the office of the City week's issue.
Treasurer.
Maturity $2,000 yearly on April 1 from 1912
Pittsburgh, Pa. Bond Election.
An election will be held
to 1926 inclusive.
Aug 22 to vote on the question of j issuing $2,000,000 Fifth
Metropolitan (Mich.) School District.—Bond Sale. An Avenue "hump" removal bonds.
<ie of $5,000
6% 5-year building bonds, dated June 1
Pontotoc, Miss. Bonds Voted. The issuance of bonds
1905, has been awarded to the Commercial Bank of Iron
for an electric-light plant was authorized by a vote of 95 to 2
Mountain for $5,101.
at an election held July 18.
Milton (Boro.j, Pa. Bids Rejected. All bids received on
Provo, Utah.—Bonds Voted.— By a vote of 331 to 211 this
July 25 for the $30,000 4% funding bonds, "Series B," decity on July 11 authorized the issuance of $91,000 waterscribed in V. 81, p. 226, were rejected.
Securities will be
works-improvement bonds.
offered for sale and will be made tax-free
the first offerRapid City, S. Dak.—Bond Sale.—The $51,000 5-20ing providing for bonds subject to the four-mill State tax.
Montrose, Colo. Bond Sale. We are informed that this year (optional) refunding water bonds offered but not sold
town has sold $65,000 5% 10-15-year (optional; water on June 5 have been disposed of at par as five per cents to
works bonds, and that $15,000 of the same issue is still for Peter Duhamel of Rapid City. See V. 80, p. 2235, for desale at par.
Denomination $1,000. Date July 1 1905. scription of bonds.
Redding, Cal. Bond Offering. As stated in last wcekls
Interest semi-annually at Kountze Bros., New York City.
issue, this city is open for bids at any time for $60,000 4%
Morgan County, Mo. Bonds Voted. This countv, it is
gold sewer and $70,000 4% gold street-improvement bonds.
stated, had voted to issue $8,000 jail bond-.
These bonds were originally advertised for sale on June 26,
Moultrie, Qa. Bond Election.
An election has been called but without success. Forty sewer and forty street boncb
for Aug. 28 to vote on the question of issuing $30,000 5%
are in denomination of $1,000; forty sewer in denomination
sewer bon:
Date
of $500 and forty street in denomination of $750.
Mount Campbell School District, Fresno County, Cal.
Maturity
June 30 1905. Interest June 30 and Dec 31.
Bond .S'a/e.-On July 18 $3,000 6% building bonds v.
II ,500 sewer and $1,750 street bond- yearly for forty yiars.
awarded to W. T. Johnston of Los Angeles at 107.62. Address bids to T. B. Smith, City Clerk.
Denomination $500. Date July
1905. Interest annual.
Redlands, Ca.1.— Bond Offering. Proposals will be reMaturity $500 yearly on July 6 "from 1910 to 1915 Inclusive. ceivted
until 2 p m. Aug. 2 (not July '-'">. a- we were previMount Carmel, Tz.—Bond Sale.— On July 15 $50,000 4% ously advised), by L. W. Clark, City Clerk, for the $1 )!),(>00
sewer bonds were awarded to the- First National Bank of
gold coupon street bond- voted at the election hdd
Mt. Carmel at 103.50.
Denomination one-half $500 each June 20. Denomination $500. Date July 15 1905. Iner-
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4H%
THE CHRONICLE.
524
Maturity $2,500 yearly.
in Redlands.
are exempt from taxation. Certified cheek for $1,000,
payable to the President Board of Trustees, required. Bids
are asked on the following propositions:
First, for any or
all of the bonds; second, for $50,000 of the bonds to be delivered at once; third for the entire issue, $50,000 to be delivered at once and $50,000 to be delivered July 15 1906, the
Certified check
latter to have one year's coupons cut ofi".
for
of bid required.
est semi-annually
Bonds
3%
[Vol. lxxxi.
Warrick County. Maturity one bond yearly beginning
the first Monday in November 1907.
Sheridan, Wyo.— Bond Sale.
On July 21 the $38,000
10-20-year (optional) coupon sewerage bonds described in
V. 81, p. 173, were awarded to MacDonald, McCoy & Co.,
Chicago, for $38,100 for 5 per cents.
Following are the
of
—
bids:
MaoIJonald,
McCoy &
Co. (for
5s)
Browne-Elllnwood Co. (for 5s).$38.215 00
$38,100 00|C. H. Collin (for 6s)
38,761 00
38,300 00| Bellan-Prlce Inv. Co. (for 6s). 38,269 80
I
& Co. (for 5s)
Ripley Independent School District, Jackson County,
Somerset (Pa.; School District. Bond Sale. On July 20
W. Va. Bond Offering. Proposals will be received at any $18,000
4% school bonds were awarded to the Somerset
time by Holly G. Armstrong, President Board of Education,
Trust Co. Denomination twenty-four bonds of $500 each
for $13,000 5% 5-20-year (optional) coupon school-building
bonds. Authority, Chapter 29, Acts of 1905.
Denomina- and six of $1,000. Date July 20 1905. Interest semiannual.
Maturity thirty years.
Date,' when issued.
Interest payable at the
$100.
tion
Certified check (or cash) for $500,
Southampton, Ont. Debenture Offering. Proposals will
Sheriff's office, Ripley.
payable to Holly G. Armstrong, President Board of Educa- be received until Aug. 2 by A. C. Crosby, Town Clerk, for
tion, required.
Bonded debt, this issue. Assessed valua- $62,000 4% debentures three issues.
tion 1905, $298,405.
South Bend, Ind.—Bond Sale.—On July 12 $33,000 4%
Saginaw, Mich. Bond Offering. Proposals will be re" refunding improvement bonds were awarded to the St.
ceived until 2 p. m., July 31, by Wm. Seyffardt, City Comp- Joseph County Savings Bank for $33,450.
Securities are
troller, for $3,500 4%> sewer bonds of Eastern Taxing Dis- dated Aug. 1 1905 and will mature $11,000 in each of the
Interest semi-annual.
trict and $11,500 4% sewer bonds of Western Taxing Dis- years 1910, 1911 and 1912.
trict.
Denominations, ten for $350, nine for $1,000 and
South Norwalk, Conn. Bond Sale. Following are the
one for $2,500. Date Aug. 1 1905. Interest semi-annually bids received on July 26 for the three issues of 4% bonds
Maturity $1,350 yearly for nine aggregating $280,000 described in V.
at office of City Treasurer.
174.
years and $2,850 in ten years.
A certified check for 2% of Blodgett, Mcrritt & Co., Bostonl05.57 Harriman 81, p.
& Co.
105.39
the par value of bonds bid for on some Saginaw bank (or R. L. Day & Co.. Boston.
$95,000 due 1925
103.65
Kountze Bros., New York
104.21
New York draft), payable to the City Treasurer, required. N.W.Harris & Co., New York. 105.2346 95,000 due 1930
105.073
104.67
90,000 due 1935
Delivery of bonds to be at the risk and expense of purchaser
Springbrook (P. O. Bridgeport), Minn. Bond Offering.
and must be paid for in New York exchange or equivalent,
Proposals will be received until 2 p. m. Aug. 1 by C. W.
with accrued interest to date of delivery.
Bond Sale. This city has sold to local citizens at par an Gadde, Town Clerk, for $1,200 10-year road bonds at not
issue of $24,000 3J^% sidewalk bonds.
Denomination exceeding 6% interest. Securities are dated Aug. 1 1905
Date July 1 1905.
$500.
Interest semi-annual.
Ma- and the interest will be payable annually.
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Well, Roth
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Springfield (111.) Pleasure Driveway and Park District.
Bond Sale.—On July 20 the $50,000 4% park bonds deSt. Albans,
Sale.
An issue of $7,000 4%
20-year sidewalk bonds has been sold to Fuller C. Smith scribed in V. 81, p. 174, were awarded to the Mercantile
Trust Co. of St. Louis at 100.61 and blank bonds.
Followof St. Albans at 104.80.
turity July
1
1915.
Vt. —Bond
—
—
—
ing are the bids:
Debenture Offering.
St. Albert, Alberta.
Proposals will
Newell,
be received until 12 m., Sept. 5, by Beck, Emery
Solicitors for the town (P. O. Edmonton), for $30,000
debentures issued for the erection of a grist mill and in connection therewith an electric-light plant and for providing a
system of fire protection. Securities are dated Jan. 3 1905
and will mature part yearly for twenty years.
&
5%
Mercantile Trust Co., St. Louis..a$50,305| First Nat. Bank, Chicago
N. W. Harris & Co., Chicago... a50,300|
a And blank bonds.
S30.1S0
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Springfield (S. C.) School District No. 36.
Bond Sale.
25-year school bonds described in V. 80, p.
2638, have been sold.
The $8,000
5%
—
Stephenson Township, Menominee County, Mich.
Bonds Voted and Bond Sale. H. W. Noble & Co. of Detroit have purchased
St. Johns (Ore.) School District No. 2.
Sold.
By a vote of 36 to 4 this district on June 19 authorized an issue of $5,000 funding bonds of this township.
the issuance of $10,000 6% 1-20 year (optional) building
Sterling, 111.—Bond Sale.—On July 24 $8,000 4% streetbonds. These bonds have already been sold to the State improvement bonds were awarded to N. W. Harris & Co. of
Land Board as an investment.
Chicago for $8,011. Denomination $1,000. Date Aug 1
Interest semi-annual.
Maturity one bond yearly,
Ohio. Bond Sale.
Salem,
It is stated that an issue of 1905.
$17,000 4^% bonds has been sold to the Union Savings beginning Aug. 1 1911.
Bank & Trust Co. of Cincinnati.
Stromsburg, Neb. Bonds Voted. It is stated that this
San Antonio (Tex.) School District. Bond Election. An place has voted to issue $9,000 water-works-improvement
election will be held Aug. 5 to vote on the question of issuing bonds.
Tahlequah, Ind. Ter. Bond Election. An election will
$50,000 4}4% 20-40-year (optional) school-house bonds.
San Diego, Cal. Bonds Voted and Defeated. This city be held in this town on Aug. 15 to vote on the question of
on July 22 voted to issue $54,000 water-main and $75,000 issuing $17,500 20-year school bonds at not exceeding 5%
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B Street conduit bonds. Propositions to issue $71,000 El
Cajon water-land, $252,000 pumping-plant and $21,000 sewer
bonds were defeated.
Santa Ana, Cal. Bonds Canceled. The City Trustees
on July 17 ordered the cancellation of the $60,000 bonds
voted for a municipal light plant and over which there has
been some litigation. See V. 81, p. 43. This action was
taken because of a new and satisfactory agreement being
made with the local lighting company.
Santa Monica (Cal.) School District. Election Date Not
Yet Fixed.
No date has yet been set for the election to
vote on the question of issuing the $60,000 school bonds
mentioned in V. 80, p. 2479.
Sardinia (Town), N. Y. Bond Offering.
Proposals will
be received until July 29, by Milton H. Pitcher, Town Clerk,
for $11 ,389 94 bonds.
Denomination $500, except one bond
for $389 94. Maturity $2,000 yearly, beginning May 1 1908.
Rate of interest to be named in bids.
Schaller (Iowa) Independent School District.
Bond
Offering.— Further details are at hand relative to the offering for sale on July 31 of $14,000 5% gold coupon building
bonds. Proposals for these bonds will be received until
12 m. on that day by Dr. E. H. Reedy, Secretarjr.
Denomination $500.
Date Sept. 1 1905. Interest semi-annually
at place to be designated by purchaser.
Maturity ten years,
subject to call after five years.
Certified check for 10%,
payable to School Board, required.
Sebastopol (Cal.) School District. Bonds Voted. On
July 18 this district voted to issue $35,000 school-building
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bonos.
S. G. Johnson, O. W. Schafer William Wersich, et al.,
Drainage District, Warrick and Spencer Counties, Ind.
Bond Offering. The Treasurer of Warrick County will sell
at public auction at 1 p. m. Aug. 5 at the Court House in
Boonville an issue of $13,666 22 5% drain bonds.
Denomination $1,000 except one bond for $666 22.
Date Aug. 1
1905.
Interest semi-annually .at the office of the Treasurer
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interest.
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Teton County (P. O. Chouteau), Mont. Bond Sale. On
July 20 the $40,000 4J^% 15-20-year (optional) gold courthouse bonds described in V. 81, p. 174, were awarded to the
Union Bank & Trust Co. of Helena at 101.815 and interest.
Securities are dated July 1 1905.
On July 12
Timberhill Township, Kan. Bond Sale.
$8,000 4J^% refunding railroad-aid bonds were awarded to
Denomination $500. Date
Kelly & Kelly of Topeka at par.
Interest semi-annual.
Maturitv Julv 1 1918,
July 1 1905.
subject to call $2,000 yearly after 1906.
Toledo, Ohio.—Bond Sale.— The $110,656 35 4% street
improvement bonds offered but not sold on July 5 were
later taken at par and interest by the Sinking Fund Commissioners, who subsequently disposed of them to private
See V. 80, p. 2421, for description of bonds.
parties.
No
Troy, Lincoln County, Mo. Bonds Not Yet Sold.
sale has yet been made of the $10,000 4% electric-light bonds
We are informed that negotiadescribed in V. 81, p. 175.
tions are now pending with St. Louis parties looking to the
sale of these bonds as 4J^ per cents.
Proposals will be received
Troy, N. Y. Bond Offering.
until 12 m. Aug. 1 by William H. Gearin, City Comptroller,
Defor $34,055 12 4% registered local improvement bonds.
nomination $1,702 75. Date July 1 1905. Interest semiMaturity one bond yearly on July 1 from 1906 to
annual.
1925 inclusive. Certified check for 1% of the par value of
the bonds, payable to the City of Troy, required.
Union Township School District, Floyd County, Iowa.
Bond Sale.—On July 25 the $15,000 4>f% school-building
bonds described in V. 81, p. 175, were awarded to Geo. M.
Bechtel & Co., Davenport, at 100.666, accrued interest and
blank bonds.
Vandalia (Ohio) School District. Bonds Not to be ReWe are advised that the $8,000 4% bonds
offered at Present.
offered without success on June 12 will not again be placed
on the market until about March next.
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1
JrLY
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Election Call Rescinded.
Victoria, Tex.
The City Counrescinded the call for tlu> election July 26 to vote on tluquestion of issuing f 12,000 water bonds. The election therefore was not held.
Walden, N. Y. Bond Sale. This village has sold at par
to the Walden Savings Bank an issue of $2,000 4',;, waterDate July
Denomination $500.
works-extension homls.
Maturity $500
Interest annually in September.
1905.
yearly on Sept. 1 from 1909 to 1912 inclusive.
Assessed valuation 1905, $2,790,469.
Certified
cheek for $500 required.
Winnebago County (P. O. Forest City), Iowa. Bond
The $10,000 4% poor-farm bonds mentioned in our
Sale,
issue of July 8 have been sold.
Denomination $1 ,000. Date
1005.
June
Interest semi-annual.
Maturity yearlj
June I. $2,000 in 1007 and in 1912 and $1,000 in each of the
years 1908, 1000, 1010, 1911, 1913 and 1914.
Woodbury, N. J.—Bond Sale. On July 25 the $20,500
r, 20-year registered street-improvement bonds described
in V. 81, [). 283, were awarded to W. E. Jackson & Co. of
New York at 101.312 and interest. Following are the bids:
1
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—
Hillsdale
County, Mich. Bond Sale. On
Julv 10 $3,760 •">',' fnv-protoetion and public-building bonds
were awarded to C. A. Allen of Fayette, Ohio, for $3,911.
W. K. Jackson A Co.. N. Y... 920,768 961 First Nat. Hk.. Woodburj
(20,651 26
Qraham & Co.. Philadelphia.. 20,621 07 Kountze Bros.. New York _ 'jo.'iiioo
u. L. Crawford & Co., N. y_. 20,59s 40 Woodbury Trust Co
20,500 00
Worcester, Mass.
Temporary Loan. This city recently
negotiated a loan of $50,000 with the, Merchants' National
Bank of Worcester at 3.30% discount. Loan was made in
anticipation of the collection of taxes and matures Oct. 13
The following bids were received for the same:
1905.
Merchants" Nat. Bk.. Worcester.. 3.30%IBond & Goodwin. Boston
3.49%
Lorinft. Toiman A Tapper, Host. 3.39% Worcester Trust Co. ($2 prem.).. 3.75%
Denomination one bond of $260 and seven bonds of $500
Interest annual.
1005.
Average maeach.
Date Aug.
-
1
S 2-3 years.'
1
—
Election.
An eleotion, it is stated,
will be held in this place to vote on the question of issuing
$11,500 water and $2,500 cleetric-light bonds.
Bond
Pa.
Me.
Waterville,
Bids.
— Following
3^%
on July 25 for the $35,000
bonds described in V. 81, p
Gay A
B. H.
Co., Boston.
N. w. Harris A Co.. Boston
II.
Oldham & Co., Boston.
i:. II. Kolllns
Sons. Boston...
4
are the bids received
30-year coupon funding
283.
100.04S
99.33
99.279
99.125,
&
Co., New York 09.11
Nivcr, Chicago.. 99.09
Xenia,
—
Bond Offering. Proposals will be received until 8 p.
July 29 by C. H. Oltman, Village Recorder, for $7,000 coupon water bonds at not exceeding
,")'.>',
interest.
Denomination $1 ,000. Date Aug. 1 1905.
Interest annual.
.Maturity $1,000 }-earlv.
Certified check
for $500 required.
These bonds take the "place of the $7,000
awarded on May 1 to U. M. Stoddard & Co. of Minneapolis,
which sale was never consummated.
West Mansfield (Ohio) School District. Bonds Defeated.
This district recently defeated a proposition to issue shool building-repair bonds.
Winchester, Ky. Bond Offering. Proposals will be received until 8 p. m., Aug. 4, by R. P. Scobee, Mayor, for
$15,000 4'^- school bonds. Denomination .$1,000. Interest
semi-annually at the office of the City Treasurer.
Maturity
$5,000 in ten years, $5,000 in fifteen years and $5,000 in
twenty years. Total bonded debt, including this issue,
Following are the bids:
& Mayer, Clncln.. $38,701 50|Haydcn. Miller & Co., Clove. .$38,450 00
"
P. S. BrlKRS A Co., Cincinnati 38,675 00 W. H. Todd & Co.. Cincinnati 38,410 00
Well, Roth A Co., Cincinnati. 38,045 75 F. L. Fuller A Co., Cleveland. 38.200 00
W.J. Hayes A Sons, Cleve... 38,558 00
Yazoo-Mississippi Delta Levee District. Bond Sale.
On July 1 this district sold at par $145,000 4% bonds.
Securities are part of an issue of $500,000 bonds, of which
$50,000 were placed on Jan. 1 and $305,000 on March 7,
the price in each instance being par and interest.
See V. 80,
p. 890, for description of bonds.
Youngstown, Ohio. Bond Sale. On July 24 the $9,850
5% Emma Street grading bonds described in V. 81, p. 50,
were awarded to Lamprecht Bros. & Co., Cleveland, at
Following are the bids:
102.94 and interest.
Lamprecht Bros. A Co.. Cleve.$10,139 59 Weil, Roth & Co.. Cincinnati. $10,048 00
Denlson, Prior & Co.. Cleve-. 10,067 75 Seasongood & Mayer. Cincln.. 10,029 25
W.J Hayes & Sons, Cleve... 10,050 00 Firemen's Pension Fund
9.995 00
Seasongood
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1
1
1
INVESTMENTS.
INVESTMENTS.
Rudolph Kleybolte&Co.
W.
H.
INVESTMENTS.
NOBLE & COMPANY,
Penobscot Bldq.,
Land-Title Bldq.
Detroit.
BANKERS,
4^%
Ohio.— Bond Sale.— On July 25
the $38,000
coupon Market Street improvement bonds described in V.
81, p. 176, were awarded to Seasongood & Mayer, Cincinnati, at 101.846 and accrued interest.
Trowbrldee <&
Kudolph Klevbolte* C0..N.Y... 98.72
Tyler, Fogg & Co., Bangor
9S.05
m
—
|
Parson, Leach
Welcome, Minn.
—
—
1
Waldron,
r>i5
$24,500.
—
Wampum,
—
THE CHRONICLE.
20 1905.
cil
turity
—
—
,
Philadelphia.
DBAI.IR3 IN
MUNICIPAL
MUNICIPAL, RAILROAD and
&
Perry, Coffin
Burr,
PUBLIC SERVICE CORPORATION
STREET RAILWAY
BONDS.
PINE STREET, NEW
27-29
Interest Paid on Daily
BONDS.
MacDonald, McOoy
MUNICIPAL AND
& Co
171
Congress Street, Boston.
36
La
NASSAU STREET, NEW YORK.
R.
Salle Street, Chicago.
LA SALLE STREET,
First
CITY
Nat Bank
COUNTY
LIST ON APPLICATION.
lit
Co.,
Wall Street,
New York.
New
21 7 La Salle
Street
Chicago.
.Mcmberi
York Stock Exchange.
RAILROAD AND
STREET RAILWAY
q C\ kl n C
DUtNU^.
New York
Stock Exchange,
Philadelphia Stock Exchange.
BONDS FOR
INVESTMENT.
43 Exchange Place,
New York.
Drexel Building,
Philadelphia.
MUNICIPAL AND RAILROAD
LIST ON APPLICATION.
SEASONGOOD & MAYER,
mercantile Library Building,
BOSTON,
Nat. Bank Bldg.
60 State
Street.
HIGH GRADE
INVESTMENT BONDS.
SEND FOR
LIST.
INVESTMENT BONDS
DENISON, PRIOR&CO.
CORRESPONDENCE SOLICITED
BANKERS,
7
(
CINCINNATI.
NO STOCKS
&
,
BONDS.
CHICAGO,
-
ILLS.
-
King, Hodenpyl
*
BONDS.
172 Washington Street,
-
BONDS.
w
MUNICIPAL AND PUBLIC SERVICE
B.
-
Building, Chicago.
Trowbridge & Niver Co.
CHICAGO.
CHICAGO,
& Company
H. C. Speer
AND TOWNSHIP
POTTER,
MUNICIPAL and QnkiriC
CORPORATION BUNUb
ERVIN & COMPANY,
BANKERS,
Established 1883.
FULTON & CO.,
T
CORPORATION
if
Municioal Bonds,
171
Oo
-j
STATE, CITf & RAILROAD BONDS.
F.
&
BONDS.
,
BANKERS,
16
60 State Street,
BOSTON.
YORK.
and Time Deposits
Blodget, Merritt
INVESTMENT BONDS.
AND
Municipal
&
Q ecurities
Corporation
Company
OF PITTSBURGH, PA
.
Paid up Capital $200,000.00
BOSTON.
CLEVELAND.
BONDS st^k CERTIFICATES
Handsomely en«ra-ed;
steel -plate efTect.
Also,
the cheaper kind, pirtly lithographed and Partly
WO Certificate*, ?:i.OO to
printed from typo.
|25: the latter engraved, with steel-plate borders
— elegant. Seal I'res, II 50; better finished, »i
ALBEET B. KING k CO., 206 Broadway, N.Y.
Engravers and Lltiographers.
(Tulcphoue.)
THE CHRONICLE.
526
W
[vol.
lxol
'
Qvust ©orapanies.
Ca
a l a nd
s^ p lu s
$10,000,000
Title guarantee
andTRUST COMPANY
$12,000,000 GO.
146 Ercadway, New York.
175 Eemsen Street, Brooklyn.
M'i'rs Branch, 198 Montague St., Br'klyn.
INEQUITABLE
Examines & guarantees Heal 'Estate Titles.
Iioans Money en "Bond and Mortgage,
TRUST COMPANY
OF NEW YORK
Furnishes Mortgages
f
to Investors,
^Receives Deposits subject '.o check, allowing
Interest,
Does all Trust Company business.
TRUSTEES)
James
John Jacob Astor,
Charles
S.
T).
Brown,
Jtilien T. Davies,
William J. Kaston,
Charles K. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Ingraham,
Augustus D. Jnfiiiard,
Martin Jocst,
John S. Kennedy,
Woodbury Lansrion,
William J. Matheson,
Charles -Mai lack,
William II. Nichols,
James H. Ohpliant,
ltobcrt Olynliant,
Alexander E. Orr,
Charles A. Pen body,
BVederick Potter,
Charles Richardson,
Sanford H. Steele,
ElliS D. Williams,
Louis Windmuller.
CLARENCE
FRANK
H.
KELSEY,
WRAY
company embraces every function
trust
CLEVELAND,
your deposit account, subject
Jt will accept
business.
allow you a fair rate of interest;
every class of income;
it
it
will safeguard
will
During your
appointment of court.
and
at
your death
it
will administer
lifetime
your
Accountant,
^laTate^reer
estate.
United
States Life
Insurance Co.
The American Mfg. Co.
MANILA SISAL AND JUTE
John
P.
Munn, M.D.,
President.
CORDAGE.
Finance Committees
JAMES R. PLUM
Leathei
CLARENCE H. KELSEY,Pr.Tlt.Gnar.<kTr.Oo.
WILLIAM H. PORTER, Pres. Chem. Nat. Ban*
65 Wall
Street,
New
Active and successful Agents who desire to
make DIRECT CONTRACTS with this wellestablished and progressive Company, thereby
securing for themselves not only an Immediate
return for their work, but also an Increasing
ACCOUNTANT
commensurate
Income
annual
WASHINGTON LIFE BUILDING,
141 BROADWAY,
TELEPHONE 6942 CO KTLA NOT.
NEW YORK.
with
their
The Audit Company
are Invited to communicate with
RICHARD E. COCHRAN, 3d Vloe-I resident,
at the Company's Offloe, 277 Broadway, New
success,
York
of
New York,
ORGANIZED
1897.
City.
Assets over $9,000,000.
Wilkinson, Reckitt,
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
53 Broadway, New York.
CHICAOO
PHILADELPHIA.
NEW YORK:
Paid to Policynolders in 1904, $1,204,321 76.
43 Cedar Street
PHILADELPHIA.
CLINTON GILBERT
2 Will Street,
New
CERTIFIED PUBLIC ACCOUNTANT
STOCKS.
!
L00MIS,C0NANT&00.
HAND-BOOK
i"
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
56 Pine St., New York.
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Acting President.
WILLIAM
A.
JOHN J. MITCHELL
GEORGE W. YODNG,
NASH,
EDWARD
T.
PERINE, Genl Mgr. and
Treas.
Assistant Treasurer.
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This Company Audits and Investigates Account*
and makes Physical Examlnatl< ns of Properties,
Its Certificates and Reports are Prepared In behalf
of Merchants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
Devises and Installs Money-Saving Systems of
K. C.
RICHARDSON,
Keeping Accounts.
I
OF
CERTIFIED PUBLIC ACCOUNTANT8
30 Broad Street, New York.
Tel. 4958 Broad.
CHICAGO.
Vice- President*.
BANK & TRUST COMPANY
138 Broadway, New York.
TELEPHONE—8758-8769 CORTLANDT.
3
AUGUST BELMONT,
York.
W.F.WEISS,
of
York.)
'
KERR,
Firm
,
THE CITY OF NEW YORK.
IN
B0ST0N MAS *
Examinations and lnvestlga
tions conducted with the utmost
care and efficiency.
Books audited.
J. C.
CERTIFIED PUBLIC
your agent,
1906.
PHILADELPHIA.
WM. FRANKLIN HALL
authorized by law
Ifirmutial.
1880.
Certified Public Accountants.
Building,
is
property and
will act as
it
Ifittatuciai.
MONTGOMERY The
NEW YORK.
It
sell
15 Nassau Street, Equitable Building.
^ccetmtatUs.
Wall Street Exchange
it
act as executor, administrator, guardian, or trustee under will or
Seci-eiary.
(Pennsylvania)
Stephen Glrard Building,
your securities;
pay taxes and insurance,
undertake the care and management of estates.
ARTHUR TERRY, Treasurer.
FRANK L. SNIPPER, Mgr. HSnlis' Branch.
LYBRAND,
ROSS BROS &
of financial
cheque, and
to
mortgages, interest, dividends, coupons and
will collect bonds, rents,
to
President.
BAI LEY, Vice-I*resi«!ent.
EDWARD Manager Banklnpr bepartment. President.
O. STANLEY, !M ViceCLINTON D. IIIKDK K, :{d Vice-Pres.
J,
The modem
Lynch,
Etlgar L. Mai Bton,
Krtwarrt T. Bedlorri,
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