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Financial
V

^ ^

•^-*

Entered aocordiusr to Act of Congress,

iu Uio

year 1905, by William

B.

Dana Com tan v.

in tlio ollioeof

Librarian of Congress, Washington, D. C.

SATURDAY, JULY 8, 1905.
NO. 2089.
CLEARING 8— WEEK ENDING JULY 1, 1905.
OLEARISGS—FOR JUNE 1905 AND 1901.

VOL.

81.

ALSO SINCE JAN&ARY
Ji»

;

1906.

6.73.5.310,119

Philadelphia...
Pittsburgh

Baltimore

UuOolo

Washington
Albany

'97.844
218.758.7uy
98,785,696
S3.442

+ 47 4

4,r,7i\

,15.336

+34-8

+21

+ 70

92,28
87,548.581

—o-o

+21-1
16,248,217 +19-4

19.4

32 S94
.-.-20.341

Scranton.
Syracuse

n. 01

»

18,790.365 4-48-0
7,837,749 4-12-5
.'1.4 47

6,546,555
4.945,010

4-83-0

+2-0
+8-1

Beading
Wilkes Barre...
Wheellug

4.7.

4.575,041
4.614.912

4.371.: 24

4.045.50'.'

8,81

Blnghamton....
Greensburg
Chester
Erie
Franklin
Frederick
Total Middle.

2.071 30U

73.020 4-18-2
+7-4
1.9.

2.3-,

1,0. 4. HIS

Jllinington....

Boston
Providence
Hartford.

New Haven

....

Springfield

7-.534J.84

Worcester

6.48
6.986,788
3,193,809
1.976.656
2.500,003
1.900 431

Portland
Fall Uiver
X.owell
New Bedford...

Holyoke.
Total N.Eng..
Chicago

050,2u3,i70

j

Cincinnati
Cleveland.
Detroit

S30.267.5S2
102,343.400

68348,109
48. -'99,701

Milwaukee.
Indianapolis.

. .

Columbus.
Toledo
Peoria

Grand Rapids..

34.534,039
31,682,287
80,122,200
17.978,677
10.9S9.539
9,479.269

Dayton.
BvansvUle.

7.151

6,635.863
2.071,100
3,521,198

Akron
Springfield,

111..

Younastown
Kalamazoo

2,268325

Lexington
Canton
Rockford

2.6<

8,878,784
1,811,978
2,413.584
1.642,763
1.594.464

Ohio
Bloomington.
Sulncy
Springfield.

1,31

394,291
1.400.153
1.010,983

ecatur
Manstleld
Jacksonville, 111
Jackson. Mich..

1

1,9 58,940

Ann Arbor
Total

M West

493.090
1,809,668,760

Ban Francisco..
Los Angeles

148.980,105

Seattle
Salt Lake City..

25.966.176
-.925.805

Portland

2 1,184,800

Spokane

13.154,041
13.322.630
3,541.951
2,301.240
1.193,188

Tacoma
Helena.

Fargo
Sioux Falls

108,342
;

Total Pacific.

Kansas City

3;,S78

1359

+202

222.072.7.1

+

4.47.-.

+13-3

19378.401 +4-'
18.30-. '.'51 4-442

+339

8,876,128

2.'::

2,227 ,988

2,0

Fremont

1.1.V.i. 757

1,792,613 4-13-e
693.062 -t-07'2

18,979

-U-o
+6-9

4.1

+17«

.1.051

Richmond
Savannah

61, If
40,2.
1

211.935,097
153,330,517
11 -.053 793
157.401,514
00,211.107
42,888.546
28,00
22,711,666
86.031,428
17,365,841
13.025,083
6,437 172

051.5U"

1

127

1

.'.57 1.5 11

-1 845,691

.-In

125. 221,-01
81.
77,

7.5

>.

0,171

47 045.9-9

7,0

S26.483

5.21

4,676,42

121,8— .5'.";

(15.

.

Beaumont

11,810,1

1.'

4.617.50
1,624.227,290

275
162 ,479,291
105
110 640.016

Total South
Total alt
Outside N. Y

4-10-2
4-17-5

+ 11-8
+ 71
— 1U9
+ 10-2

+3-6

65
+ 182
43 .121.011
+52-2
42
82
-2-5
31

21

22,

30

9,

12

4.7

:;

H.025

.

29,

17

+-11-

8.U72.U1I.U7 t-839
4,077,.

3,501.

+ 130
-4-2

M.-1--

Wilmington
Heading
Wilkes liarre
Whee.lng
Blnghamton
blreensburg
Chester
Brie
Franklin Pa
Total Middle

12I.-I8.212
43.6

42,747,::is

-6-6
+15-2

31,085,898
0,32

4-11-3
4-34-8

81.968.732
6.990,808
8,628.682
8,808,066

+5-6

8319,537

6.4
4.335,11,"

3,442 405
4,169,820
I.7-0.0
1,196,591

1,770,305
1,419,274
1,252,103
1,121,424

—

1'rovldence

Hartford

New Haven.
Springfield

Worcester
Portland
Fall Itlver

Lowell
New Bedford

Holyoke
Total New England.
Chicago
Cincinnati

Cleveland
Oetrolt

Milwaukee
Indianapolis.

Columbus.
Toledo
Peoria

Grand Rapids
Dayton
Evansvllle

7

6 13,231

2,024,288,002 1,440 461. 067
145,451,-113
188.001.630
0,674,300
8.058,8 10
2.570,593
3,224,862
2.665.518,847.669
1,888,780
1,843,020
1,413.193
1.369,473
1.737,119
1,510,278
050,373
689.662
406.218
403,178
587,2115
439.297
434,354
598.677

163,011,058

Lexington
Canton
Rockford
Springfield.

317,44'

Bloomington
Ouincy

441,923
302,785
298.978
281,863
238,193
200,000
95,000

oungstown
Kalamazoo
1

Decatur.
Mansfield
Jacksonville
Jackson.

Ann Arbor
Fort Wayne

s:-,s.3'

South Bend
Total Mid. Western
San Francisco
Los Angeles
Seattle
Salt Lake City

Portland

1,077.873
828,686

405 son

—24-1
-16-8

552.734
476,892

395
410,938
426,501

— 26

434,087

+6

1.79
1,680,14?

— 135

689.674
301.438
481,888
548.22

-131
+10 3

+12 9
—27 4
+4-9
+7-9
--2-7

--19
--2-3

4-28-3

+7-2
4-2-1

+120
+22-1

—234
+193

—30

-H-i-s

28,450 858

--33-0

4.924.-74

-524
-07-2
--20T

3.915. .-32

-

413 386

Minneapolis

14,863,360
9,197,848
6,832,758
5,251.970
5.677,908

-

10,93 4 825
11,778.829
7,310.421
5.299.-1H

218 ,3-r

2,Hi

Sioux City

+4-»

+410

15,130,458
11.741.631
6,694,972
5,58
4,015,245

89,850,938
11.274.825
14,211 015

4,016.1-,i

1,78
1,181,517
1,86

-191

-.363.013!

+ 14-5

8.S 10

6,048.689
3.108.454
8.309,060
1

14,901

,1

1,894,638

1,047,770
433.462
339,757

iS

+754

+7 9-8

1,28
1,0110,113

44G
600,000

49,067

.

4-124

+50

13,37

-

-2-0

-

9,-1

+•:--'.'

3,619,1 IS

i

+ 13-5
-n-5

lllrmlngham
Knoxville

1,501. -57
1,01

1,09

+ 19

2. "11. 790
1

;

1,914.164
2.3112.915

1,471.817

1

1.318

1,29
1,13
1,82

Augusta

4,6
2.61
3,9

+19-9
_0tj

8.476.518
1,308.843

8.600

9.8

+21 -9

0.27 -,51i
2.8

1.

48.073.116

88.41

5

4.8(

1.629,804

180,111

184,842
•al.

4.1-

1.'

L816

1

I

1

i'

•

—199

71

624,084

7— .155

Little Rock.

ciumbus,

1,678

4-25-0

080,918

744,429
2-1.7 ?8

420.888

47.

'ImttanooL'a
.Jueknohvllle

',.34_1

&60.601

+47-8

122391

8,615,468

Macon

,9.276

1.476
1,131,177

47,030.535

+37-5

4,500,000

Worth

203,172,904
22.4S1.425
4,163.838
3,608.379
3,109,170
2.555.009

+24-4

11,070,1

2.

691 000
62- 621
667 528
601. 466
503 616
472 254
316. 127
412, 946
273 ,887
290, 084
108,:243
125, 041
178. 087
146, 250
91, 955

256,369

+

651,81
996,031

1

Norfolk

1.461.55H
744,883
408.234

4-85-1
19-5

799.165

5.5.

Nashville

1

1,745. 525
2,013 ,900

J-17-2

46.120. 1-1

Atlanta

1,889 013

+205

1,167,579

52,179,961

Galveston
Richmond.

5,316 307
4.754, 481
8,571, 500
2,623, 458
2.129, 338

215.784

Not Include

.

9,372, 321

+ 296

22 1, o.'3
400.00
68347.851
20,1

1,86

-26-2

+26-1

1,821

Houston

18.090. 164

+0-6

8,842,969

1,605,865
6 15,-53
685,151
971,413
811.527

2,940,980

-53 9

-t-11-6

4.O.

'

2,7'"

+75

699.303
397,750
204.756

23.356,'000

tal.
tal.

5440,888.895

-

127,031. 905

7)31,782

4-82-6

1

174,681.279

309.414
245.592
226.13178,740
147,000
82,525

+1-2
+29-0

52.402.510

Louisville

'I

+23-9
—19-9
+47-3
-2-0
+23-8

+128

L7oo.il

155.235,003
6,187, 7o0
8.472,358
2,005,011
1,716,549
1.038,578
1,844.703
824,018
523,854
620.684
319,736

698,688
784,087
041.611
483.280
522.740
413.572
365,192

+4-2
4-SM
—8-1

81,091,820
6.445,227
4.186.590
2,716,482
8,130,532
1,800,000

19,-47237

Total other Wcst'rn
Louis
New Orleans

6,104,801
6.886,865
5,285.000
8,107,236
2,370.670
1.627,312
1,770.715
1,461,361
7.;-. loo

+31-1
+17-1

I

00,287,719

st.

159,800.303
157,830,512
22,438,700
17,004,380
8.605,930

—126

Not include d into
Not include inti

Kansas City

KTemont

1.87

+113

630.823
453,207
620,168
029,479
537,275
393.764
390,578
300.144
308,894
241.529
151,342
235,396
155,000
85,000

Fargo
Sioux Falls
Total Pacific

Pueblo

6.6 17,000
3.171.571
1.68

35,001 .106
9,000 000
0.381 379
4.592 873
3,948 810

Helena

f'edar Uuplds...*

140.711,872

2

271,947 553

Tacoma

JosephDenver
Des Moines

9

-17

—20—15-7
-2-4

+5-9

2,770. 408
3,988, 782
882.,648

Paul.

121.04'"

-i

250.794.97i

Spokane

Omaha

450.76'.i

+40'5 1.683.309,431 1,573,218313

1.395.5,5
1,036.91
570, LOO

436 70i,
759,970
472,279
672,502
578,481
372,300
4-7.513

Akron.

3.966. 107

+ 10 9
—6-8

+0-1

+829

174,654 225
26.99i,500
12,735,114
10,100.935
7.171.821
5,591,515
4.377,000
2.750,002
2,069.435
8,803,802

Springfield. IU

108,683,182

l,oos,029
791.177

1

—44
—16

150.887,110

188.418,941
23,291,300
13.070,742
10,594,846
7.333,713
7,329,453
5,010,500
3,528.290
2.219,673
2.350,817
1,571,872
1,865,456

17.500 1,373.002.478

8,908,867
8,943,976
1,641,217
1,080,700
1,103,804

411900
411,090
651.60

.370,',!

B12.626
1,194,738
1,121,166

15
1,175
907.134
614.885

810,074
457,000
383,867
496,247
630,578
205.940

1

-0-5
+18-0

1310301

91)2.425

Charleston

21 481.21

$

4-88-0
4-83-4

4,400,0110

Boston

Fart

1902.

+43-0

1

.

71,1

1903.

Dec.

121,067

4,888,808

Syracuse

St.
St.

l.

111,108.861
48.403,062
26,177,905

.825.944

Memphis

28 846,777

2.11

J

-nvannah

+ 17

78
181

12

L818.016

Jacksonville. Fla

—2-7

Washington.
Albany
Rochester
scranton

Wichita
Colorado Springs

25
29 514,694

8,01

84,486,809
6.264,512

—3-4
12.702.86J +86-7

3370,848
N.756

4,501,87
.

4-5-9

27368,042

4,12

.

52. 3'.i-. 1<57

llnltimore

24.i

1,20

Charleston

Macon

+160

1904.

1.775,063,335
142,830.944

Philadelphia
Pittsburgh

Topeka
Davenport

4.155.11

Augusta
Little Kock

+7-8

107.003.021 --470
68,516,988 -131
32,289,451 --31-2
38,194,584 --17 1

Be,
B0,
87,

..

Knoxville.

Chattanooga

144,738,687

o.fi

.

+230

197364360

195,020

303 847.318
157 906,848

l.8<

11,'

Norfolk
Fott Worth

397 2(56.637

516.081,300
848,510,604

466,

19 340,462

.

18,118,43
64,632

Atlanta.
Nashville

Birmingham

-

!87,20B

Mem [.lib

556,457.812

1,469. 424.920 1,832

888,067 438

10.7
22.1

+97
+ 15-5

+

1,587. 510,605 1,290,611,413

1,815,098,07

Houston
Galveston

9,952.52

+

3,42
4.-

Louisville

11,31

+

5,449 158

75.0
48,881,794

+

1

9.512.1.17 4-2 S-S

215.-

:

013.8 19.4 10 +10-8 4,275,416,443 3,679,211,362 +102
732.841.501 +134 4,892,790,559 4,355,832,005 +123
114,707,70u —10-3
002.126,950
595,309,850 +1-1
56.4+ 10-2 377,754,933 337,100,173 +12-0
44.72v.805 +8-0
279,816,028
247,012.391 +133
81.539.4--9 +9-5
205,111,210
195,040,081 +5-1
161,804,016
27,309.011 + 16-0
151,871,724 +0 6
131,105,600
18,160.300 + 10-8
109,797.000 +19-5
+33-5
97,308,25'
13.462.934
77,921.843 4-24-9
76,760.570
9.340.208 4-17-7
67,074,987 4-13-4
51,892.830
8.513,200 +11-3
49,462.800 +4-9
+29 42,245.269 44,074,805 —4-1
6,951.574
40.341.397
5.053,586 +17-8
33,878,646 +19-1
13,070.200
2,757,250 -249
14,032,900 -IU'6
+llo
20,256,054
3,157,576
18,180,687 +11-7
14,013,215
3348,782
14,4-1,569 -32
20,706,476
3,084.436
18.294.1 11
132
17,477,110
2,580,040 -2-8
17,884,595 -23
14,497,283
2.462,207 —204
14.979,002 -3-2
2,029,404 +18-9
18,019,377
12,023,810 +8-3
9,713,344
1,747,903 —6-0
10,147,998 —4-3
11,033.911
1.602,405 -0 95
10,828.358 +1-9
+12-4
9.168,592
1^41.652
8,898.038 4-30
+9-9
1,2'
8.020,087
7,117,492 -f-12-8
fcG9. 351 +09-0
8,047,451
4,959.734 +02-3
973.075 +3-9
6,551,200
5,710.183 4-14-e
5,901,832
1,034.506 +3-3
5,436,834 -fs-,1
13-8
2.915.634
433,965
2.356.231 +23-7
1,000.710.022 +10-3 7,133,522,657 6,430,924,353 +10-9
19-1
855.905,003
125.050.5S7
727,421.841 --17-6
22(1.294.503
88,014.893 +40-3
168.600,700 --34-4
+35'4 129,441 370 100,545,778 --2S'S
19.199,210
87.992.138
18371,834 +530
70,906,009 --34 1
105,027,100
14,184,693 -t-41'a
83.531,170 --25*7
9,484.691 +88-7
72,431,641
55.'. (05. 423 --29-4
74,1142,637
60,853,455 --45-0
8.88L923 +60-9
2.503.421 t-33-2
10,175,994
15,043.035 +7-5
1 858,883 +238
13,448,509
+ 1S-4
11.86
6.748.650
1,063.832 4-12-2
6.878.217

4,486,192

.

70.927.28
44,899,739 +0-1
82 107,79'-, +13-0
88,165,400
86,664 7-ii 4-3-1
22,090,521 +8-0
17,174,285
135

539,597,840 +10-9 3,773.236,215 3,22:1.553,570 +17-1
182,875,400
174,460.700 +4-8
28,119,600 -t-5'b
83,378.702
1
69,358,582 +20-2
,910.844 fio-i
55,063.343
8.622.327 +6-8
48.677,784
141
10-9
48,077,997
6,429,132 +17-2
89,397,160
+16-0
31-9
5,589.485
38,607,034
29.201018
41,001,816
37,1011.147 --11-9
6.656.406 +1-2
18,094,059
2.526.108 +20-4
21,500.917 -10-1
11,724,076
8,088,946 —54
11,534,080 +10
14,290,834
12,531.224 +14-0
1,844.448 +393
12,365.707
11.093.971 +5-7
1,834.814 +59-3

Davenport.
Wichita
Colorado springs
Cedar Kapids

.

18-8
}
4-35-4

+ 55-5

631.30O

4-9-2

Topekn

To. other West
St. Louis
New Orleans

15:

1.1

5,3S'1,370,003 4-44-2 52,S3o.63o,8o2 33.965,623,514

12.2
7 2

610U.T City

106,180,835

J 5-8

1

I

44-8

ne. <"

/

190

•

New York

lltiffalo

i

+9-9
-4-9
+5-3

25,147,370 4-n-o

14,183

524,280.9'
157,209,7 01

5.788,934
4,838.616

!0,81

Denver
Des Moines

973,880 889 +2.YS

12,1311.0.1::

Omaha
St. l'aul
St. Joseph

24,045,583
19,497,071
12.401,500
11,497,494
12,082,597

+C10

11,4111.715

-7,-47

Minneapolis....

%

90,95:

1905.

Dee.

5,606,804
4,481,376

12-8
82.993.4 18
53.912.211 +19-2

98.661,449

190-1.

4R,SS4.60fi,310 29.129,295,663
164,319 8,686.661,476

1.884,778.108
004.25-.u5;;
164.746.883
138,881,741
102,385,529
96,035,697
44,945.320
36,661.730
29,102,590
27.474,193

AKD

1903

Week ending Juiu

—

Clearings at

ftuor

18,3;>;i. 011

059,152
692,942
698,618,906
29.69
12,010,208
0.210.80s

+89-1

8,002,462 +12-9
8,185,114 +0-1
1,024,407 -o-3

8,21

2, 188,344)

7.776,145,626

1905.

Dec.

18,571,1

Rochester

WEEK IN 1904,

ALSO SAME

1904.

Six Months.

II,

Clea rings at

New York

AND

1905

-ri

<ia

Mobile
Total Southern
Total all
Ontatde Ni'w Vork.

Not Include

1,2

],

19.81

I

1

In to

I

Hi.

1

+31 -5

+ 13-1

IW~ Table Clearl net br Teleuraph and Canadian Clearing* on itnif 133 mill 131.

\3k

THE CHRONICLE.

120

As to industrial affairs, the main feature has been
unfavorable reports respecting the condition of the crops

TEE FINAN 01AL SITUATION.
The death

of Mr.

Hay,

early in the

morning of

last

Saturday, seems sudden, as

death so often seems, yet

was not unexpected

there were

since

dences of seriously impaired physical

many

too

[YOL. LXX5I,

it

evi-

and the highly speculative state of public sentiment
stimulating all commercial values, especially prices of
wheat and cotton. In addition to the influence of the

condition in his

unfavorable crop rumors, tbere have been important
had not reached what ought to he considered special events contributing to the same end.
notable
old age, heing not quite 67; and yet he was old enough one bearing on the current wheat supply for Europe is
to have come down from the most important time in the more aggravated form of the Odessa situation.
This
American history, when it was decided finally that the has recently been a developing force, culminating
United States will remain a nation, and to have heen in the mutiny of the Kniaz Potemkine referred to
one of the most prominent figures in these later years in last week and since then in daily rumors of serious
which American nationality has been growing to a extensions of the rebellion to other Black Sea
case.

He

A

larger importance.

ports;

in

which

event

a

further

interference

Having begun a law practice in Springfield, Illinois, with the Russian exports of wheat to European countries
while Abraham Lincoln was there as a struggling lawyer, becomes a probability.
This, it is argued, would prove
Mr. Hay made the lattei's intimate acquaintance and of decided advantage to our farmers, especially in the
went with him to Washington. He served there as a early marketings of that cereal. Our Agricultural Deprivate secretary until the tragedy in April of forty years partment, in its report of June
10, brought the condition
ago, bearing only a sort of semi- official title, yet of no of wheat
in the United States down to June 1, giving

up Lincoln's hands. He had a con- figures which pointed to a crop (winter and spring)
of
nection with the "Tribune" which extended through five about
727£ million bushels, of which 428 million bushor six years, and published several volumes, such els were the winter variety.
Of course since then the
as "Castilian Days" and "Pike County Ballads;" plant is assumed
have deteriorated. We do not need
to
some of his vernacular poems in the latter tell- to estimate the loss, as the report of
slight aid in holding

the

ing of "Jim Bludso," and of the river

pilot

Depart-

on the

ment of Agriculture for July 1 will be made
burning steamboat who swore that he would "hold her public next Tuesday, July 11. Whatever may
be given
nozzle agin the bank till the last galoot's ashore," and in
that document as the probable outcome,
is
it

did so at the cost

of his

own

life;,

these

are almost as

that so far as the Russian exports of

evident

wheat are delayed

American life and as well remem- by the events transpiring, the greater will
be the pressure
bered as the "Heathen Chinee" of Bret Harte. The
of Europe's demand on our early supply.
This feature
"Life of Lincoln," written by Mr. Hay in collaboration
has been used by those who are prominent in advancing
with his fellow private secretary, J. G-. Mcolay, some
prices as sure to have a marked effect on values, since
distinctly flavored of

eighteen years ago, also took rank as the record by which

Lincoln will be best known.

But Mr. Hay's

now in farmers' hands is reduced to
With the close of the week the idea
of an armistice is reported to be growing less likely. One
report says that Japan has made it known that she will
the old-crop stock

a

minimum.

work was, relatively, only a
side excursion, although he might have won a lasting
place in that field had not destiny cast him for a larger
not give her consent until the Russian peace mission has
Very soon after the death of Lincoln his diplomatic formally accepted the basis of her proposals, which will
one.
career began.
He was Secretary of the American Le- not be communicated until the Peace Conference has
gation in Paris in 1865-67; Charge d' Affaires at Vienna
literary

assembled.

1867-68;

of Legation

Secretary

at

Madrid, 186S-70;

Assistant Secretary of State in the United States, 1879-

Wheat

has notbeen alone, or the foremost,

among com-

81; Ambassador to England in 1897; then recalled in modities affected by the prevailing speculative spirit.
1898 to take the place in which death has now found him. The sharp rise in cotton has furnished the most derangHow ably and acceptably he served in England, ing feature of the week's operations. That advance did
where his brief term gave him a high rank with Eng- not, however, by any means have its stait during the
lishmen, is still a part of diplomatic traditions.
In the current week. It has seemed as if speculators had been
Boxer troubles in China, five years ago, with a firm preparing for a scare held in reserve. Quotations have
optimism which he has never lost, he persisted in dis- been pretty steadily hardening almost from the early
believing the shocking stories coming from Pekin and in part of June, the pace quickening from week to week.
pursuing attempts to reope n communication
with On Monday, however, the 3d of July, the Government
Minister Conger.
His stand for "'the open door" and issued its monthly report of the condition of the cotton
against the dismemberment of China and his suggestion plant June 25.
Its figure of 77 had a sensational effect
for the restriction of the area of the
present war upon the cotton markets of the whole world.
Within
to

the

cent

narrowest

international
his

own

Hay's

questions

—

are

limits

Mr.

history,

union

of

a

part

manner

may be
courtesy

said

with

of
of

very

re-

handling

have been

to

distinctness,

and yet with manifest regard for the rights of both
His diplomatic career came to its height when
this country was assuming an important place among the
nations of the world, and it will be his crowning fame
sides.

that he contributed
lines

more

of peace
at

much

to

fix that position

along the

announcement upon the floor
of the New York Exchange prices rose about a cent per
pound, and a further advance has since been recorded.
a

few minutes of

The

trade certainly expected the report to indicate a bet-

terment in condition instead of deterioration,

subsequent pages.

as

each

weekly report issued by the Climate and Crop Division
of the Department of Agriculture during June had referred to general

improvement

in

progress.

It will

be

observed that only four States are credited by the Government (see our cotton department of to-day) with any

and righteousness. We have written
Hay's diplomatic career on improvement since

length of Mr.

its

May

and two of them (Missouri
and Virginia) produce a very limited amount of cotton.
25,

"

July

THE CHRONICLE.

1905.]

s,

121

and Alabama, despite weekly is far from being perfect, and if any one of us was put
reports of improving condition according to weekly De- upon a committee of a new country to organize a curpartment reports which private advices more than con- rency system I doubt if any one of us would Buggesl our
In fact, it is scarcely
are reported at a decline of 2 and 4 points, respect- present system.
system because
firm
The same is true in varying degree of other it is composed of so many different systems. It whs not
ively.
the work of one architect but was the work of several archiStates.
should not have tects and a few wood butchers.
However, taking it all in
These Government condition reports

On

the other band, Georgia

—

—

the

;i

mean

to

Such

a

make

is

criticize

as

Government

And

leading.

yet

I think

to

be

attempt

inconsistency between the reference to

do not

to

it is

If one

one might point out that there

critical

is

wanted

a trilling

"wood butchers"

and the conclusion that these "wood butchers" have proof accuracy.
duced the best system that the world has to-day.
Hut
own reports and reporters, is that that is merely Mr. Shaw's delightful way of putting
He evidently did not want to wound
figures for July are decidedly mis- things.
we would be sorry to have our readers the sensibilities of any one by speaking harshly
any

with

attainment

Our

degree

the best the world has."

all

Department.

figures

the

of

impossible

mainly from our

Wo

public.

the

Agricultural

the

disclosure

siderable

the

do with

they

influence

con-

opinion, gathered

If we
we should

accept our view on that point as unquestionable.
believed the real facts were within

them

get them and give

human

ken,

in our columns.

of an article so distinctively our

So he called

system.

it

Of

anything but good.

own

as our currency

good and showed that
course, aside from

it

this

was

minor

point, we entirely agree with Mr. Shaw's characterizaThough foreign capital is still being transferred hither tion of our currency arrangements, and the diligent reader
from Europe through finance bills, bankers state that the on looking back over the files of this paper would have
prospects for the advantageous employment of the pro- no difficulty in finding comments to the same effect in

ceeds of such

are

bills

not at present so assuring as to

encourage the drawing thereof in much volume.

amount

of

large, as

was recently stated

in

the

seems possible that when cover
sought at their maturity there

mands upon

portion

be as

shall

these

of the

from the prospects of

Treasury Department has a head so thoroughly familiar

Shaw. In his administration of the Treasury Department he has also shown that he possesses one other
fortunate quality, namely marvelous fertility in devising

be

other purposes as

even though

as

expedients for getting the Treasury out of a tight fix

whenever

issue of a

new Japanese

towards the close of the year
be deranging

when

is

thereof

the

begins

to

be experi-

But some bankers are of the opinion

that should

thi3 obstacle to the

be presented,

covering of maturing finance

free
it

can be removed through the post-

ponement of remittances of the money, assuming
Japan's need for

that

actual possession can be deferred, or

its

through the extension of such of the

as cannot be

bills

conveniently or profitably covered for another period of
three

in that predicament.

months, provided monetary conditions here and

abroad shall

make

Secretary

Shaw

is

made

perfectly plain by the current returns of railroad

earnings,

and

in particular

by the monthly statement of

of

Georgia

the period

of depression

ruling at this date a year ago, the advantages in favor of

1905 are very

striking.

On

no other railroad system in

change from depression

the country does a

the iron trade, or vice versa,

mean

case of the Pennsylvania Railroad,
of that system

traffic

tries

character

so

much

as

in

the

and besides that the

typical of the
it

to activity in

country's indus-

important to note the

company's return for the month of

of the

East

is

This makes

generally.

operated
the joint convention

contrasted with

ago, but, as

May, issued the

desirable such extension.

at

state of great activity

new factor which may earnings of the Pennsylvania Eailroad. The iron trade
demand for exchange may not possess the snap and vim it had a few months

a

for the settlement of finance bills

bills

loan and the

of the remittance of the proceeds

possibility

enced.

it

That our industries remain in a

The unexpected

to

has so often happened) the world's " best

(as

currency system puts

modities.

prove

a matter for rejoicing that the

with the defects of our financial contrivances as Mr.

now seems likely judging
a liberal export movement of com-

large

is

it

be such urgent de-

offerings,

It

is

the bills shall

for

may

The

drafts

Chronicle, and

the exchange market for

to absorb a great

these

by

represented

capital

columns.

these

On

present week.

the lines directly

Pittsburgh and Erie

of

in gross earnings of

$1,413,200

is

an increase
reported and on the

and Florida bankers last month made some remarks lines directly operated West of Pittsburgh and Erie a
bearing upon our currency system which are worth plac- further increase of $892,500, making together an iming upon record. Mr. Shaw talks in a delightful, un- provement for this one month on the combined lines in
conventional way and is a capital story teller, so he kept the large sum of $2,305,700.
These figures, moreover,
his auditors in good humor throughout.
When, after do not cover the roads controlled but whose accounts
telling numerous anecdotes, he finally got down to the are kept separate, like the Philadelphia Baltimore &
subject matter of his address, he said it was very im- Washington, the Northern Central, etc.
If these latter

we should have a good currency system and
he was there to express the belief that we in this country have the best currency system in the world.
Knowing how troublesome this system has been to Mr. Shaw
portant that

during his administration of Treasury

affairs, this

state-

ment

were added on, the increase would be of even larger pro-

Of

was an advantage in favor of
1905 in the fact that the month the present year contained one more working day than the same month of
portions.

course, there

May 1905 having had only four
five Sundays in May L904
But

last year,

might have
occasioned
surprise, but with
charming naivete Mr. Shaw immediately went on

against

to

Sundays, as

be modified only slightly on that account.

prove

words

me

that

appeared
as

he

really
to

intimating

imply.
to

mean

not

did

"Don't

you,"

I believe that our currency system

he
is

what

his

misunderstand
declared,

perfect.

"that

I think

it

corded

is

tin;

gain

re-

of such great magnitude that conclusions need

Perhaps

it

ent increase

comparison

may
is

is

be thoughl that the extent of the pres-

not

witli

so

surprising

after

diminished earnings

all,

seeing that

last year.

There-

THE CHRONICLE.

122
lore

desirable to point out that while

it is

the

now an

gain

[Vol.

equal amount at each, the bonds

lxxxx

bearing interest at

on the combined lines aggregates $2,305,700, the loss 4£ per cent, and the issue price being fixed at 87§,
In other words, which was the price of the loan that was brought out in
last year amounted to only $1,057,500.
the 1905 increase is more than double the 1904 decrease London and in Xew York in March last; the security
In the matter of the net earnings will be a second lien on the tobacco monopoly. The
for that month.
the improvement is not so striking, but that is of loan will be negotiated in this city by an underwriting
no special consequence, as everyone understands that syndicate, in which Kuhn, Loeb & Co., the National
the policy of the Pennsylvania management, City Bank and the National Bank of Commerce will
is
it
take a prominent part.

volume of traffic large,
to spend unusual amounts upon renewal and improvement work. Ilowever, even in the case of the net this
earnings are good and the

when

Government

will

It is

the Japanese

that

stated

practically pledge itself not to

upon the subscriptions

to the loan before

draw

October 31st.

The feature of the statement of the Xew York Associated
Banks last week was an increase of $18,056,300 in loans.
On
month has been $390,700 and on the lines west of Pitts- The cash reserve was augmented $1,375,700 and deburgh $209,500, making together $000,200 gain in the posits were increased $19,246,000. The surplus reserve
The bank statenet as against the falling oil in May 1904 of $618,- decreased $3,435,800 to $11,658,875.
In the following we show the gross and net earn- ment of this week should reflect the withdrawal on
500.
ings for the last six years on the lines directly operated Wednesday of $1,004,099 gold for shipment to Paris on
east of Pittsburgh and Erie, the only portion of the sys- the following day and the receipt of $1,740,000 Klondike
gold through Seattle Assay Office checks; also the transtem for which we have the data for such a comparison.
increase closely approaches last year's decrease.
the lines east of Pittsburgh the addition to net for the

year's

Lines east

fer

1900.

1901.

1902.

1903.

1904.

1905.

of

Pittsburgh.

May.

S

S

S

11.519.33S 10.10G.13S 10.624,538
Gross
Expenses ... 7.812,474 0,789,974 0,918,774

Net ...... 3,706,864
Jan. 1

to

May

3,316,164

3,705.764

S
9,901,938
0,100.474

S
8,402,038
5,441,474

3,795,464

2,960,564

2.404,497

31.

50,916,917 46,918,117 49,327,417 43,823,817 39,968,717 33,628,470
Expenses ...38.500,459 35.802,259 35,510,859 29,505.359 26.968,459 23,356,451

12,416.458 11,115,858 13.S16.558 14,258.458 13,000,258 10,272.025

figures include the Buffalo & Allegheny Valley Division for 1901,
1902, 1903, 1904 and 1905. In May, 1901, the earnings of this division were,
approximately, gross, $631,371; net, S132.067. From January 1 to May 31 the
earnings of this division in 1901 were approximately $2,942,141 gross and $743,833
net.

Note.—-These

The

records of mercantile failures

of better business conditions this year

tell

last.

of the current calendar

States

during the

Dun's with

first

to

Xew

day transactions were at 3 per cent and at 2 per cent,
majority

the

"Review" this week publishes the failure statistics for loans were
the
the six months of 1905 and they show that commercial with
insolvencies in the United

Sub-Treasury

the

companies loaned at 2£ per cent as the minimum. On
Monday loans were at 3£ per cent and at 2£ per cent,
with the bulk of the business at 3 per cent. On Wednes-

the same story

than

through

The prompt distribution of July interest and dividends,
which began on Saturday of last week, contributed to
Loans on call, representing
easier money this week.
bankers' balances, were at 3J per cent and at 2 per cent
during the week, averaging 2f per cent; banks and trust

Gross

Net

of $250,000

Orleans.

S
7,126,567
4,722,070

cent.

half

On

at

3

at

bulk

per
of

per

2\

cent
the

Friday transactions

cent.

aud

at

business

On

Thursday

2£ per
at
2|

cent,

per

cent

were at

3

per

with the majority at 2f per cent.
Time loans on good mixed Stock Exchange collateral

year were 6,210 in number and and at

$55,904,585 in amount of defaulted indebtedness. While
numerically there is scarcely any alteration in compari-

2£

-per

cent,

were quoted at 3 per cent for sixty

and 3|©3|

to ninety days, 3£ for
months; the business

3i
was chiefly in contracts for the latter period and in those
months of last year, a most encouraging decrease appears
when the 1904 liabilities of $79,490,909 are considered. maturing early in the new year. Commercial paper was
But the showing becomes particularly encouraging in only moderate supply, while the demand continued
son with the

when

the results

from those
larly

6,214 failures in

for

for the

first

quarter.

marked improvement

vealed.

In

ures, with

this quarter
liabilities

the corresponding six

good.

second quarter are segregated

the

for

In that

of 1905

4©4^

for six

per cent for sixty to ninety day

which there are very few
offering; 4®4^ per cent for prime and 4£@5 per cent
for good four to six months' single names.

is re-

there were 2,767

Rates are

endorsed

case, particu-

second quarter

the

for five

four,

fail-

of $25,742,080, against 2,870 de-

bills receivable, of

The Bank

faults last year for $31,424,188, while in the first quarter

of

England

rate of discount remains un-

The cable reports discounts of
bills
per
sixty to ninety-day bank
in London If
debtedness of $30,162,505.
Attention is also directed to
The open market rate at Paris is 2 per cent
cent.
the fact that each year the number of firms in business
and at Berlin and Frankfort it is 2£®2£ per cent. Acexpands, while there is a steady enlargement of the
cording to our special cable from London the Bank of
amount of capital employed. The "Review" makes the
England lost £586,999 bullion during the week and held
statement that, with the exception of the second and
Our correspond£38,461,783 at the close of tbe week.
third quarters of 1899, no other quarterly statement in
further advises us that the loss was due to imports
ent
ninety-five quarters, or since the third quarter of 18S1,
of £300,000 (wholly from Egypt), to exports of £8,000
has shown so low an average loss a particularly gratito Gibraltar and to shipments of £879,000 net to the inof

1905 there were 3,443

failures,

with a defaulted

changed at 2£ per

cent.

in-

—

fying circumstance.

terior of

Great Britain.

There was no change in official rates of discount by
The foreign exchange market was quiet this week,
any of the European banks this week, and, compared the fluctuations were, except for cable.-;, within a narrow
with last week, unofficial or open market rates were range, and there were few features of interest, the most
lower at

all

announced from London that a new Japanese
$150,000,000 will presently be
brought out at that centre and at New York and Berlin,
It

important movement being a sharp

the chief centres.

is

fers.

twenty-year loan for

cable trans-

This was attributed in part to operations incident

to the sharp rise
•

fall in

in

cotton, cables

for the reinforcement

of

being liberally sold

margins of foreign speculators

—

Jttly

.

THE CHRONICLE

8, 1905.]

in this staple in the

New York

decline

assigned for the

.

Another reason
of exchange was

market.

in this

class

market was over-supplied, there having heen free
week at the high prices
last
of cables
advantage
of
the
linn
take
to
ruling

123

DAILY POSTKD RATES FOR I'OKEION KXCHANQE.
Km..

selling

then
rates

money

for

our market, thus promptly trans-

in

which could not be emLondon owing to the low rates

ferring hither foreign capital

ployed

adva ntage in

to

for call loans at that centre

on

Monday

week and then

of this

demand

exchange

for

were bought
be only a moder-

sight bills

There appeared

with the proceeds.
ate

such selling was also largo

;

to

for the remittance of

July

was

week
penny

One feature
Monday
of
|

bar

gold, to

London

a

on

bullion

against
rise

per ounce

pence

the

in

appeared

in

Hank

metal by French bankers.

of Commerce.
lleldelbach, Ick-

in

Paris check rate

seemed to indicate a renewal of gold exports hence to
As,
the French capital as an arbitration operation.
however, sterling in our market was much lower than it
was when arrangements were made for last week's shipments, and as

Bank

was understood

it

the offer by the

that

of France of interest on gold in transit had been

withdrawn,
'go forward.

it

appeared unlikely that more gold would

Owing

to these conditions

governing gold

announcement on Wednesday that $1,004,099
of the metal had been taken from the Assay Office for
shipment to Paris on the following day was a surprise.
It was, however, stated by the shipper that the gold was
exports, the

exported because special conditions

and that

it

at present.

Merchants' Bk.
ot Canada.

60 days
Sloht

{
(

B6
ss

o

86
SS

H

Stl

86
B8
86
88

m
ss

4
1

.

86
ss

88

86
88

86

ss

B8
-is

88

86
88

88

B6
88

86
88
86
88

86
ss

86
88

SS

88
so

siS

movements of money
New York banks.

The following gives
to

the week's

and from the

bv the

Week

interior

erulino July

Received by

7, 1005.

Shipped *t

Net Interior
Movement.

Banks

N. Y. Banks. S. T.
18,946,000
900.000

With

?4, 559,000

Gam.

641,000

Gain.

fl.8S6,000
859,000

£0,815,000

.

$6,200,000

Unln

>l.r

i"

ixk)

Sub-Treasury operations and gold exports

the

made

result

as follows.

is

Week ending July

Out of

Net Chamje in

Ba nks.

Info
Banks.

7, 1905.

Banks Interior movement as above
Sub-Treas. oper. and gold exports.

Bank

Holdings.

£6,845,000
22,300,000

$5. 200,000

26,300,000

Gain. $1,645,000
Loss. 4,000.000

$29,145,000

31.500,000

Loss. $2,855 noo

The following table indicates the amount
the principal European banks.

of bullion in

Total gold and legal tenders

July

Bank

...

July

6, 1905.

7. 1904.

of

Gold,

£

Gold.

Total,

Silver.

£

Silver.

£

lotal.

£

£

38.461,783

38.461,783

34,276.181

34,276,181

115,583.520

44,432,652 160,016,172 110,249,708
11,885,000 47,540,000 32,463,000

45,245,663 155,495,371

6,400,000 111.896,000

93,287,000

8,373,000 101,660,000

England...

France

Germany..

35,655,000
105,496,000

Russia.

£

43,741,000

11,273,000

Aast.-Hon..
Spain

46,848,000
14,839,000

13,073.000
22,481,000

59,921,000

47,212,000

12,907,000

60.119,000

37,320,000

14,712,000

21,105,000

Italy

22,298,000

8,658,000

25,950,000

22,352,000

3,989,600

35,817,000
26 341,600

6,383,200

6.2f5l,400

12,634,600

5,740,400

6,596,200

12,342,600

8,152,667

1.576,333

4,729,000

2,972,000

1.486,000

4,458,000

Netherl'ds.
Nat. Belg. ..

Tot. week... 388,717.170 109,757,385 498,474,555 363,275,289 U0,975,40:j 174,250,753
Tot. prev... 393.902.107 111,372,018 305,274,125 362.367,302 110,576,082 472,943.384

it profitable,

THE STATU DEPARTMENT.

was unlikely that any more would be shipped
It was reported on Thursday that £1,000,-

000 would be forwarded from Bombay to-day (Saturday)
London. This may, on its arrival, relieve the British
bullion market, though it is suggested that the price of
bars may be advanced when the consignment is nearly
due, in order to prevent the metal being obtained by
French bankers. Gold received at the Xew York Custom House during the week, $113,019.
Nominal quotations for sterling exchange are 4 86 for
for

sixty-day and 1 88 for sight.

188

B8

86
Ss

q

86

i

86

ss

h

86
88
86

A

SIS

SIS

i

l

l

9£
the
which

market,

the

88
MS

BO
88
ws
4 88

.

elhelmer&Co.
Lazard

88

i

7.

Ss

86
88

J

8a

SIS

88

Km..
July

IS.

shillings

Later in the week the rate

movement

J 60 days
(Sight..
( 80 day*
{ Sight
( 60 dsy>
(Sight..
< 00 dayi.

-IS

l

days

86
:

88

1

Sight..

(

.

Montreal
Canadian Bank

a

exchange at Paris on London fell one and a half
centimes, which was due, as reported, to liberal selling
This

J

l

Total gold and legal tenders

of

for

of Kaffirs.

««»

No. America.
Bank of

caused by the continued purchases of the

to be

<

Tuck.
Jul u

6.

of the

grain.

77

80 day!
Bight..

<

Co.

British

Wkd..
Ju'ii

Tubs.,
July 4.

:t.

B6
88
86

488
4 86

Baring.

Mugoun *

86

1

Co. {Sight..

Brothers*

.lulu

in-

and dividends on securities held abroad, and there
was no evidence of an inquiry incident to the settlement
of maturing finance bills, these generally being renewed
Commercial drafts
for another period of three months.
against cotton were in better supply, but there were few
of those

[SOdayi

Brown

terest

offerings

MON..

lunr 80

that the

The market opened

firm

The

There have been

with a feeling of reassurance.

when

our history

periods in

Mr.

portfolio to

been greeted, in the community at

Elihu Eoot has
large,

Department

State

the

of

offer

the

Treasury Department

was the post which required most careful, experienced
and conservative guardianship. It may, perhaps, be
said that, from 1886 to 1897, it was the real focus of
interest

named
cate

Since the

our administrative policy.

in
date,

will

it

problems

of

be

readily

the

conceded,

administration

—the

the

last-

deli-

questions

on Monday with rates for actual business 5 points higher of policy on whose decision hung the gravest conseall around, compared with those on Friday of last week
quences for good or ill have been those of foreign

—

8525^4 8535, short at 4 87^4 8705 and cables diplomacy. Public confidence in the late Secretary Hay,
at 4 8730^4 8740. Tuesday was a holiday. On Wednes- as a sagacious and cool-headed foreign Secretary, has heen
day short was 5 points lower at 4 SG95®4 87 and cables such that his deatii last Saturday brought to many minds
fell 15 points to 4 8720^4 8725; long was unchanged.
a feeling of something like misgiving.
The danger that
On Thursday long declined 5 points to 4 8525-S4 8530 Mr. Hay might be replaced by a statesman who would
and cables 10 points to 4 8710^4 8720; short was un- not measure up to the high responsibilities of the office,
long at 4

altered.

The market was steady on Friday, with

5'points higher.
for long,

Closing quotations were 1

4 869504 87 for short and

s715u

or

t

Commercial on banks,
documents for payment, 4 841/&4 85£.

8425^4

f

6130, cottou for acceptance,

4 8505, and grain

for

payment, i 8520'i

for pay-

Cotton

I

1

8495<S

B525.

The following shows daily posted rates
exchange by some of the leading drawers.

who,

8530 display

8726 for
4 8495'2>4 8505, and a

cables.

ment, 4

cables

8526v2>4

for sterling

he

if

notable

the

sor,

was

feeling.

were

thus

conservatism
serious

sufficiently

It

largely

will

think, by the selection of .Mr.

the office.
tary of
his

known

his

broad

instinct for

reputation for firmness

bo

in the

experience

in

fail

pre

warrant

such

dispelled,
his

we

acceptance of

Cabinet as Secrelaw and politics,

prudence and conservatism,
in

to

his

of
to

Boot and

Mr. Root's service

War,

might

qualified,

following his

own

his

best jndg*

THE CHRONICLE.

124

—

ment

go far towards equipa place in the ciiief Cabinet

these recognized qualities

man

ping a public

for

Beyond what seems

office.

come, as always,

enough

to expect that

in

lying to other

deceive

them

and in telling the truth.
the more
must look to Russia's

diplomats

—

to

be guaranteed by these

to

experience, the test will

diplomacy on the eve of the Eastern war. The scorn
with which that performance was received throughout

handling

practical

the

in

which

great foreign problem

statesmanship which was thought to consist alternately

official

and

traits of character

[VOL. LXXII

There

arises.

many such problems

the first

of
is

reason

will confront

all

the civilized world,

Russia

and

are

herself,

lamentable consequences to

its

strong

pretty

what
be uow-a-days mo3t
witness

to

sort of dealing with its neighbors will
new Secretary at an early date.
excited advantageous to a State.
The death of Secretary of State John Hay has
For this reason we are not inclined to emphasize this
world-wide regrets which we believe to be thoroughly
sincere.
Abroad it has been recognized that a strong phase of Mr. Hay's achievements. What seem3 to us
friend of straightforward and disinterested diplomacy is more notable is the fact that, at a time when opportunity

the

gone, and in this country there

has

conservative force

us

left

evident feeling that a

is

a juncture

at

safeguards are peculiarly needed.

Mr. Hay,

ality of

his literary achievements, his personal

modesty, anddiis identification with some
country's

episodes in the

when such

The winning person-

history,

of the great

upon him.
We wish, however, in view of the change in the head
of the Department, to inquire somewhat closely into the
exact nature and significance of the diplomacy of which
an

be

to

—

strength

We

exponent.

say

—the

position

have added, and very in

properly, to the eulogies pronounced

Mr. Hay happened
(l
happened," because,

and aggressive treatment of other fjreign
States was tempting,
when, indeed, they were visibly showing
that they feared our newly-developed
for blustering

United

of exceptional

In diplomatic history the course pursued
with regard to China during 1900 will unquestionably be
Mr. Hay's highest claim to the world's remembrance.
ilar policy.

themselves

by the trend of public opinion in his day

connived

whose foreign policy he
directs. This was as true of Palmerston as of Gladstone;
Delcasse and
of Metternich and Bismarck as of
John Hay. Eegarded in this light, it will at once be
recognized that Mr. Hay's diplomacy was at least made
possible by the remarkable change in the position of the

sionaries.

United

States.

It

imagine John Quincy

Webster

in

example,

for

is,

Adams

in

Hay

quisitions

as

in

—partly

a

a

as

the

after

of

result

which we had

so

the

result

our

of

war of
immense

1898,

affairs,

maintained.

1889 could not well have done so.
the entry of the United States into the councils

nations

to

or Daniel

day,

his

regard to Eastern

his, holding, in

precisely the attitude which Secretary

Mr. Blaine

difficult

It

of the

colonial

and

was
ac-

partly

and power
which not only

wealth

suddenly exhibited

—

impiessed the mind of Europe, but to a certain extent

made our

participation in the diplomacy of

the East a matter of necessity.

diplomacy may be described as

Powers

make

his

the

Boxer

the

attack

on

was

not

fomented
at
It

State

of

Court authorities at Pekin had

in the

first

outbreak

envoys

when

certain,

addressed

matter, that wholesale

envoys had not occurred already.

the

and had
and nilsthe

Secforeign

massacre of these

On

the other hand?

while the Chinese Court was thus admittedly culpable in
the eyes

of the other

nations, half a

Powers were watching eagerly
ing

a slice

of

for

dozen European

the chance of snatch-

Chinese territory for themselves as a

penalty for China's insults.

To auy one but a statesman

and broad views, the chance for averting such an attack on Chinese territory seemed flatly
hopeless; more particularly so since the Secretary could
not move in the matter without setting up the diplomatic
itself
was
that the
Chinese Government
fiction
friendly to the outside Powers and hostile to the Boxers.
Yet such was the courage and resolution with which
Mr. Hay addressed himself to this peculiar problem that
he was able, first, to force on the European governof firm convictions

Europe in
So far Secretary Hay's ments a species of self-denying ordinance, and, second,
a product of the circum- was able to place the United States in the position of the

stances of the day.

On

retary

clear as to

There was, on the one hand, pretty plain

knowledge that the

position of the country

place itself

—

action easy.

and the

assume a

to

to

attitude

part of a great foreign minister, the fact always remains

must be largely governed

able

magnanimity;

where no foreign Power could criticise our motives
an attitude which, moreover, made it
immediately necessary for other Powers to pursue a siman

individual force of character or bent of purpose on the

in their nature

was

allowances are made for The situation was in no respect so

after all

that his special achievements

States

foremost friend of China.

The outcome of the first achievement was undoubtedly
position, notably in the Chinese episode of 1900, was to avert a European war.
This had already been threatsustained by the immense demonstration of wealth and ened as a sequel to the partition of China.
The outcome
power by the United States and by the recognition of of the second achievement was to give the United States
this new prestige by the world at large, made possible the peculiar situation in the Orient whereby it was entwo opposite lines of policy in the State Depart- abled to call Russia to account for her breach of contract
the other hand, the very fact that the Secretary's

We

ment.

what

is

the fact

great stress on in remaining in Manchuria; to insist, when war broke
by eulogists of Mr. Hay
out in 1901, on the neutralization of China, antl, later, to
that his diplomacy was open and aboveboard
These were very
intervene in behalf of Eastern peace.

do

not, for ourselves, lay

so often referred to

that, in the familiar

phrase of the day, he " laid

cards on the table."

We

that this type of diplomacy

all his

are rather disposed to think
is

increasingly recognized as

great diplomatic triumphs; but

which made them

it

was the

first

step of all

itself

guarantee

possible.

This chapter of achievement would of

We have had its author permanent recognition in the history of naillustration of the same kind of open dealing in the tions.
We have laid particular stress on this episode beAnglo-French convention, in the Anglo-Japanese alli- cause, in our judgment, it is the shining example of the
ance, and even, perhaps, in the recent singular episode lines upon which American diplomacy of to-day should
of Morocco.
People who search in present-day politics operate. It is possible to draw distinctions of an imthe only useful sort for the present day.

for diplomacy, so to speak, of the old school

— the

sort of

portant sort between this and other

diplomatic episodes,

'

July

THE CHRONICLE.

1905.]

S,

even of the recent

We

past.

have never been

able

to

a

125

most prodigal way increased the appropriations.

rank the Panama and Santo Domingo incidents with the

came

To what extent it may be held that these
two Central American incidents must be regarded as
Mr. Hay's own work, it is not perhaps possible to Bay.

pernicious silver

affair of 1000.

He

them

naturally accepted responsibility [or

we have

never

that in either ot the two his

felt

Chinese

the

of

affair,

while

and which

lasted

until

fought out at the polls

the

in

spun and

dence, but

inci-

the Santo

Presidential election of L896.

alter

Washington wanted

all,

underlying

the

ami was

be

to

remained unchanged

cause

found

excessive appropria-

in

tions.

Iu the new period of deficient revenues upon which

Domingo

episode went perilously far toward entangling us in those
foreign complications against which

finally

Then

depression brought on by

both, but

dent certainly lacked the magnanimity and disinterestedness

legislation

was

tree-silver issue

trade

61

This depression naturally
accentuated the consequences of Congressional improvi-

The Panama

diplomatic method touud example.

long years

the

the country has entered, history

A

deficit

is

simply repeating

come without any change

has this time

itself.

in ad-

China Mr. ministration and the causes are identical with those
and from which iu
Hay's very prudent diplomatic policy preserved us. The the early occasion excessive appropriations. In fact,
best wish which will follow Mr. Boot to his new position in the light of these later appropriations the former
appropriations, large though they seemed and undoubtis embodied in the hope that his fiimness and decision
will suffice to preserve the high standard set for Amer- edly were, pale into insignificance.
Consider simply the
five years ago, and will avoid the pitfalls
ican diplomacy
change in the year just closed as compared with the
of hasty ventures entered upon without due calculation year preceding.
In 1903-01 we have already seen
of their remoter consequences, which are the constant there was a deficiency of $12,602,144, but with allowthe case ot

his country,

—

peril of diplomacy.

ance

Canal,

Our

sive.

We

stage

of

fiscal

mean by

this that

recurring deficits

1903-4 the revenues

189S-99, inclu-

to

we have again reached
annual revenues.

in

a

In

812,602,114 short of the disdeficit could then be explained away
fell

bursements, but this

by certain large special payments, more particularly the
§49,000,000 paid on account of the Panama Canal purchase and the $5,600,000 loaned to the Louisiana Pur-

Xow

chase Exposition.
ficiency

amounting

contrary,

if

we have

a

de-

$23,987,752, and this cannot be

to

away by any

explained

1901-05

for

allowance be

made

On

circumstances.

special

for

the

the fact that the re-

repayment of the $5,600,000 loaned
the previous year to the Louisiana Purchase Exposition
Company, it will be seen that the shortage in the ordiceipts include the

nary way was close

would have been a surplus in the
In 1904-05 we have an
$11,997,856.

way

of

eminent of $29,587,752. Here is an adverse difference
against the later year in the sura of, roughly, $ 11 ,500,000.

What

passing through a period very closely similar to that which

marked the

—

accounts for this difference

est

Many

misunderstood.
that as during

1903 and 1901 our industries encountered

must have been a large
off in Government revenues.
Xothing of the
Customs revenues for the year just passed were

a period of trade reaction, there
falling

kind.

$202,060,528, against $261,271,565 in the

and the internal revenue was $233,161,201, against
Total revenues for the latest year were
$232,901,119.
$513,423,859, but from this should be deducted (as
stated
above)
$5,600,000 representing the amount
Exposition,
returned
by the
Louisiana Purchase
leaving

revenues

ordinary

the

which figure comparison
800,177

the

in

was estimated

it

it

would be by Secretary Shaw in his reDecember, but we consider that a

port to Congress last

matter of

trifling

consequence.

The Secretary

neces-

is

$537,823,859,

with revenues

$539,-

Thus

$11,500,000

adverse change iu

1901-5 can be ascribed to a contraction
If

of

at

preceding.

year

receipts.

larger than

year preced-

ing,

this deficiency is several

dollars

in the high-

is

doubtless will imagine

persons

2 million dollars of the

million

It

?

degree important that the reasons should not be

30 million dollars $29,587,752.
The newspapers have given prominence to the fact that
to

Panama

actual deficiency on the ordinary operations of the Gov-

national finances are, in an important particular,

years from 1S93-94

(for

there

etc.)

ordinary

IREA SURY DEFICITS AND LARGE
AFFR OFRIA II ONS.

$54,600,000 special payment

for the

we should go somewhat

in

than

less

Government

further back, a loss

would undoubtedly appear, such loss being
to the removal of the $100,000,000 special taxes
imposed at the time of the Spanish-American War.
in

receipts

due

had many uncertain items to deal with and it was
not possible under the circumstances to make absolutely

ury deficit followed entirely from a further very striking

exact approximations.

increase

It is fortunate that

the causes responsible for the ex-

cess of outgoes over ingoes are not obscure.

vious occasion, a decade ago,
tered

deficient

which had
event.

the pre-

the country encoun-

revenues, the change of administration

then occurred was held responsible for the

Revision of the

to curtail

when

On

tariff

Customs revenue

on that occasion did serve

for the

time being;

as

for.

it

•ertain that tariff duties would be reduced, imports
were necessarily restricted during the interval before the
lower rates would be iu effect.
But while the deficiency
was for this reason doubtless larger than it otherwise

nating

in
all

1901-05 were $567,411,611, against $527,802,321 in
1903-04.
This increase in expenditures is particulaily
in

however, because it serves to emphasize the
tendency in that regard which has been noted year after

significant,

Another such] addition as
occurred the past twelve months would bring the expenditures above the amount reached in 1898-99, when
the country was prosecuting a foreign war, and its outpear for

many

years

I

comparison serves

we

With one hand the National
down the revenue, with the other

administration.

ture had cut

.

it

had

ing table will

furnish

be observed that

Li

iu

were of unusual proportions. This
to indicate

are drifting from safe

mentation which

the chan

past.

lays in every direction

sued by Congress

the years preceding

fact, after elimi-

extraneous items, Government expenditures

rapidly

in

In point of

expenditures.

would have been, the truth is a balance on the wrong
side had been made inevitable through tinpuri

apparent that the late year's Treas-

It is thus plainly

sarily

lias

we

a

take

compare them with those

the

moorings.

in

the expens

figures

for

way how

Tin- follow-

illustration of

graphic

occurred

in a striking

!S.

the aug-

B

will

L896-97 and

lor the foil- years just

p^sed,

THE CHRONICLE.

126
omitting the years
1900-01,

when

U.S.Oovern'nl.
Expenditures.
Civil

operations

War

Spanish-American
s

in

from the further progress

disturbed results.

—

Years Ending June 301901-02.
1902-03.
s
s

Fiscal
1903-04.

1904-05.

and ing constitutes one of the marvels of modern financial
connection with the history. Judging from past experience and in particular

1898-99, 1899-1900

1897-98,

the

$

18!

Total.

507,411,611

28,556.349

Indiana
Pensions

90,401.268
48,950,208
34.561,546
13.016,802
141,053,165
37,791,110

500,099,007

527,802,321

Navy

113,469,324
112,272,216
67,803.128
10,049,585
138,488,560
29,108,045

471.190.858

365.774,159

124,944.290
118,619,520
82,618,035
12.935,167

132,166.703

Interest

146,970,705
122,498,295
117.334,003
14.248,568
141,770
24,591,024

laneous

115,035,410
102.956.102
10.438,350
142.559.206
24.646,490

138.425/'.

t'i

seem as

if

there

now

be no

is to

revealed for 1905

limit to

would

it

the growth of this

new

s

and miscel-

War

[Vol. lxxxi,

Note.— Expenditures for 1903-04 do not Include the $49,000,000 paid out on account of the Panama Canal nor the $5,000,000 advanced on account of the Louisiana
Purchase Exposition.

species of financial concerns, whose development
and exploiting have been wholly the work of recent
times.

The

came

call for the present return

at a wholly unex-

pected time, and the date fixed by the Superintendent of
Banking, namely June 7, is not so favorable for a large
showing of deposits as June 30, the old date, since the
companies generally receive some large special de-

The foregoing shows that the aggregate of Govern- posits about this latter date with which to make 1st of
ment expenditures in 1904-05 was $567,411,611, as July interest and coupon payments. Nevertheless, in
against only $365,774,159 in 1896-97, giving an in- the five months from January 1 1905 to June 7 1905 the
crease of over 201 million dollars in the eight years, companies enlarged their business in as striking a mannotwithstanding a reduction in interest charges in the
in the latest year, against only

length than they were in the semi-annual statements.
Taking the aggregate, however, as the true test, it is
seen that the increase during the five months has been
over 106 million dollars, bringing the grand total of
these deposits up to the marvelous figure of 81,233,the corresponding
item January 1 1905
662,205,

War

Department
$122,498,295, against $48,950,268, and what are termed
the Civil and Miscellaneous expenses were $146,970,765,
In a word, in every direction the
outlays have been on an enormously enlarged scale.
It is obvious that the country's fiscal affairs cannot be
against $90,401,268.

fall into

a state of chronic Treasury

A

remedy will have to be found and the
given would seem to show where it ought

But
tion

deficits.

figures just
to be found.

will our legislators look for a solution in that direc-

We

?

doubt

it.

The

public

is

constantly being

beguiled with talk about this being a big country as if
that furnished a warrant for extravagance.
that the United States

consequently

we must have a
The

the purpose.
ear,

public

We are told

now a world power and

is

and hundreds of millions

In the

their history.

quarterly return the deposits are sub-divided at greater

$34,561,546 in the earlier year, the

allowed to

period in

The Navy Depart-

interval of over 13 million dollars.

ment spent $117,334,003

ner as at any previous

large

navy and

that

that tens

must be spent every year

for

evidently lending a willing

is

but will such utterances be received with equal

having been
dates,

be

to

The

$1,127,627,103.

amounts

include

sure,

both

for

totals

due

to

banks,

bankers and other trust companies; but that practically
the whole

sum

consists of deposits in

ceptation of the term

is

the ordinary ac-

evident from the fact

companies were on June 7

1905 paying

that the

interest

on

$1,187,575,627 of the amount.

Whether we take

the grand total of all deposits at

or the $1,187,575,627 on which the
companies were paying interest on June 7, the
trust

$1,233,662,205,

amount

is

in either case

reported by our
tions

in

New York

excess of the net deposits

House instituClearing House return for

City Clearing

about the same date, the

comes to levying additional taxes to meet
these prodigious and still augmenting outgoes.
The
situation, it seems to us, is fraught with peril to our
Congressmen. Economy together with outgo adjusted
to income may appear somewhat old fashioned at this
juncture, but we imagine that when the new taxes begin

June 10 having shown such deposits as $1,123,832,800;
and considerably over 100 million dollars of this represented moneys kept on deposit with the banks by the
Of course the trust comtrust companies themselves.
pany figures cover the whole State; the fact is, however,

to be felt a return to that policy will be insisted on as

of the

favor

when

it

that the

New York

City institutions supply the bulk

amounts, the trust companies of

New York

and

some of the special taxes Brooklyn having on June 7 contributed $1,111,322,556
laid at the time of the Spanish War and which were of the total of all trust company deposits in the State
removed after the needs which had made them imperative and $1,074,736,824 of the deposits receiving interest.
had passed away, are no longer open as a recourse to the
At $1,233,662,205 the aggregate of the deposits of
JPederal Government.
The tax on stock transfers, for the trust companies for the State compares with only
[instance, the State of New York has now preempted.
$823,797,857 on January 1 1903 that is, in less than
two and a half years there has been an addition of 410
rigorously as of yore.

Besides,

—

NEW YORK
The

quarterly

companies are

TRUST COMPANIES STILL
GROWING.
returns

now

which the

obliged to

make

New York
differ in

million dollars.

If

we go back

some

re-

find

only $523,541,570.
trust

January 1 1900 we

The record

that

we

three years

that the
is

further to

aggregate then was
such a marvelous one

present the following comparison in tabular

form.

spects from the previous semi-annual statements, so that
comparisons are a little difficult in the case of a few of

AGGREGATE DEPOSITS OF THE NEW YORK STATE TRUST

the items; but of one thing the summaries just submitted
leave absolutely no doubt: these institutions are still

June

continuing their upward course and at an accelerated
pace.
Despite the criticisms to which they have been

COMPANIES.

7, 1905.
Jan. 1,1905
July 1, 1904
Jan. 1, 1904
July 1, 1903

When we

$1,233,662,205
1,127,627,103
978,405,817
807,162,571
914.769,871

come

to

Jan.
July
Jan.
Jan.
Jan.

1,
1,
1,
1,
1,

1903
1902
1902
1901
1900

aggregate resources

§823,797,857
887,001,689
792,931,724
638,121,771
523,541,570

we

deal with

and notwithstanding the non-success of one or yet larger figures. In that case we get a grand total of
two of them the Merchants' Trust Company being an $1,487,424,480, contrasting with $1,364,016,016 Jan-

subjected,

—

instance of the latter kind in this city
are rising to larger and

the

way

still

—

their operations

larger proportions.

the business of these

In

fact,

uary 1 1905, $1,039,956,625 January 1 1903, and but
$672,190,672 January 1 1900, as will be seen by the

companies keeps expand- following.

—
July

THE

8, 1905.]

AGGREGATE RESOURCES OF
June

7.

N. Y.

Jan. 1.1905
July 1,1904
Jan. 1,1904
July 1. 1903
Jan. 1. 1903

It is almost needless to say that
still

found

and

$1,078,212,685
_
909,393,644
797,983,513
672,190,672
579,205,442
483.739,920

Juno

7,

Jan.
July
Jan.
July

1,

1,

the trust companies

June

7,

Jan.
Julv
Jan.
July

1,

Proof of

find their business very lucrative.
in the

profits

this is

circumstance that the total of their surplus

keeps steadily

Taken

rising.

book

at

1-27

HOLDINGS OF

STATE TRUST COMPANIES.

July 1. 190a__
Jan. 1,190a
Jan. 1, 1901
Jan. 1. 1900
Jan. 1.1899
Jan. 1, 1S9S

J1.487.424.4S0
1,364.016,016
1.20S.450.930
1,042,413,409
1,146.370.755
1.039,956.625

1905

CTTRONICLE.

l.
i,

1905
1905
1904
1904
1903

value

1,

1.
1,

1905.
1905
1904
1904
1903

profits

in

that

case

own

Jan.
Jan.
Jan.

1,

1903
1002
1002

l,

looi

1,

1900

19.3

45,483,010
10,730,
::s,i i:;,i 15

Jan.
July
Jan.
Jan.
Jan.

205, 66;?, 165
276,02 1.012

225,386,955
230,698,386

1,
1,
1

,

1003
1002
1002

1,

1001

1,

1219,378,946
218,80
190,822.966
196,852,582
168,196,642

looo

and expansion

of growth

in every

THE NEW YORK STOCK
FOE HALF-YEAR ENDING
EXCHANGE
JUNE 30 1905.

being

vaults.

I,

Altogether, therefore, the record of the trust companies,

$162,019,905, against $153,102,571 last January.
There has been no change apparently in the policy of

holding only small amounts of cash in their

l,

Jlllv

1341,661,738

amount of surplus and undivided profits for June 7 now as heretofore, is
1905 is $155,SS9,1S7, against $147,338,001 Janu- direction.
The showing is even better when the
ary 1 1905.
computation is on the basis of market values, the amount LISTINGS
ON
and undivided

AM) MOKIC

Jan,

STOCK INVESTMENTS OF TRUST COMPANIES.

the

of surplus

l»>NI>S

$83,956,364
64,649,930
61 ,224,759
59,534,679
55,370,426

Our compilation

New York Stock

©f the listings on the

first six months of 1905, when comknown, rely mainly on
pared with the listings for the same period of previous
the cash which they have on deposit with the banks for years, discloses facts which will, we believe, surprise even
protection in case of an emergency, though even this
those familiar with the generous additions that have been
cash on deposit with the banks has been very materially made in recent months to the amounts of outstanding and
reduced during the last twelve months. On June 7
securities.

The

Exchange during the

trust companies, as is well

listed

1905

held

the cash

was

only

themselves

by the institutions
or

$30,981,516,

barely

2£

per

cent

The

we summarize

chief features

as follows

(1)

:

Bonds

of

listed far exceeding in amount the largest aggregate
The cash on deposit ever before reached in a corresponding six months
(2)
with the banks at the same date was $149,737,979. an extraordinary revival in the listing of stocks, the total
The two items together, it will be seen, make a total of
which is nearly nine times the relatively trifling sum

§1,233,662,205 of deposits.

the

;

of

cash on hand or at

command

of $180,719,525, which

not far from 15 per cent of the deposits.

is

Twelve months

ago, however, on July 1 1904, the aggregate of cash on

hand and on

deposit

below comparisons of

was $262,247,178.

this

We furnish

item at various dates back

to

added during the

first

half of 1904

a total of stocks

(3)

;

and bonds aggregating about 1,000 millions of dollars,
an aggregate exceeded only once betore, namely in 1901,
at the time of the listing of the shares of the great steel

combine;

(4)

bonds representing new

capital, etc., ex-

January 1 1900.
ceeding by 70 per cent the considerable total for the first
CASH ON HAND AND ON DEPOSIT BY N. Y. STATE COMPANIES. half of 1904 and more than twice the amount shown in
$138,659,889
June 7, 1905
$180,719,525 Jan. 1, 1903
128,978,387 the same half of any earlier year
these results, howJan. 1, 1905
213,367,788 July 1, 1902
262,247,178 Jan. 1, 1902
121,045,797
July 1, 1904
_
152,286,383 Jan. 1, 1901
105,702,416 ever, being largely accounted for by (5) the influx of forJan. 1, 1904
147,097,316 Jan. 1, 1900
81,366,288
July 1, 1903
Japanese, Cuban and Mexican
eign government loans
the companies hold the bulk of their
As heretofore,
aggegating 135 millions, and New York City bonds, 25
investments in loans on collateral, to which a further admillions; (6) the extraordinary amount of new stock and
dition was made in the five months to June 7 1905 of over
bonds replacing old securities due to refunding and to
81 million dollars. And as showing what an important
some industrial reorganizations and consolidations, railfactor the trust companies have become in the loan mar-

—

—

—

ket,

it is

only necessary to

that

state

the

aggregate of

way reorganizations being

at a

minimum

;

(7) the in-

creasingly liberal issues of securities for improvements
1905 was no less than
and new construction, especially the former, in the nota$762,798,786, and in addition they had $82,885,807 inble cases of the New York Central and the Pennsylvania
vested in other loans. Less than twelve months before,
systems; (8) the advent of the shares of three important
that is, on July 1 1904, the amount of the loans on coltrolley lines
the Stock Exchange list, namely
to
lateral was only $500,106,646
an addition in the interHavana, Philadelphia and St. Louis (9) the voluntary
val of over 262 million dollars.
The following two
conversion of no less than $45,000,000 Union Pacific
tables extend the comparisons as to loans on collateral
bonds into stock; (10) the restoration to the list of
and loans on personal security back for a series of years.
Northern Pacific stock, $155,000,090, as the result of
LOANS ON COLLATERAL BY N. Y. TRUST COMPANIES.
Securities Company,
June 7, 1905
$554,961,229 the liquidation of the Northern
$762,798,786 Jan. 1, 1903..
Jan. 1, 1905
681,449,715 July 1, 1902
603,436,621
omitted from our compilaJuly 1. 1904
500,106,646 Jan. 1, 1902
540,208,706 this amount, however, being

on

their loans

collateral

June

7

—

;

Jan.
July

1,
1,

1904
1903

510,928,626
626,694,833

Jan.

Jan

1,
1,

387,911.415
328,143,588

1901

1900

termination of three voting

LOANS ON PERSONAL SECURITY.
June

7,

Jan.
July
Jan.
July

1.
1,
1,
1,

1905
1905
1904
1904
1903

$82,885,807
72,346,980
71,611,198
56,710,963
53.060,425

Jan.
July
Jan.
Jan.
Jan.

1,
1,
1,
1,
1,

$42,233,160

1903
1902
1902

41,90
39,840 066
31,101,271

1901

1900

tion since representing shares previously listed;

trusts

Kansas City Southern and Toledo
the

stock

— Colorado

St.

Louis

being placed ou

certificates

hut not included in our

totals, since

&

the

(11)

Southern,

Western

the regular

involving no

list,

real

The other chief investments of the trust companies are change in the amount of securities listed; (12) tin- g
the stock and bond holdings and the holdings of real tobacco consolidation with its 200 millions oi stork an
estate mortgages.
The stock investments ore now up bonds of several classes, ami (13) important addil
$295,663,165 January 1 L905
and $225,380,055 January 1 1904. Quite contrary to

to

$341,661,738, against

the usual course, too, the

gages have

amount

at

holdings

materially increased

June

7

of real
the

estate mort-

current year, the

1905 being $83,956,364, against $04,-

549,930 January 1 1905.

to

the "unlisted"

list,

anteed stock of the

especially the

new Smelters

the large refunding issue of
road,

receipts

for

nearly

30

millions guar-

Securities

Oompi

the Southern Pacific

70

Rail-

millions of Pennsylvania

Railroad convertible 3js and one of the Q6W loans

Japanese Government.

1

of the

THE CHRONICLE.

128
Our

usual compilation for ten years past follows:

ON NEW YOEli STOCK EXCHANQH.

BIX MOUTHS' LISTINGS

IIoikIk,
(6 months.)

1905
1904
1903
1902
1901
1900
lul?.'

1697
1896
Stock*.

Replacing

Issues for new
capital, etc.

Old issues
novo listed.

$342,800,000
193,144,500
115.577,150
157,261,313
161,678,600
65,831,000
66,911,240
28,657,000
20,707,502
125,243,000

$20,000,000 $279,515,650 $642,315,650
40,712,000 233,856,500
12,798,000 193,790,650 322,165,800
400,000 197,71 6.S87 355,377.700
7,534,100 226,978,400 396,191,000
2.3S7.000 225.5~27.000 293,745,000
18,108.000 182,485,500 ?67,M>4.740
16,571,000 342.477,500 387.705,500
11,116,500 186,111,500 217,935,500
7,889,000 227,723,500 360,355,500

Total.

old securities.

(6 months.)

$66,794,200 999,889,200 $191.381,40C
30,336,900
11,190,400
88,79i",606 165,906,995
86,258,840
128,093,700
11,462.300 176,297,830
296.830,050
16,800,000 959.957,525
118,710,150
206,609,000
252,449,530
152,790,300
8,943,305
16,000,000 228.785,200
28,168,500
8,072,800 319,f>e0.60O
10,522,997
281,930,388

1905
1904
1903
1902

1901
1900
1899
1898
1897
1896

$358,064,800
41,527,^00
290,957,435
315,853,890
1873,587,575
325,320,150
405,239.230
253,728,505
385,801,800
292,453,183

Note.—AppUoatlons for the Ueting of trust company reoelpts and of
securl ties marked "assented" (If preparatory to reorganization), or of
securities stamped "assumed" or "assessment paid"— the securities
themselves having previously been Usted—are not inoluded in this table

[YOLu LXXXL,
LISTINGS OF MISCELLANEOUS BONDS.

Company and title of loan—
Amer. Cotton Oil deb. 4^4

Amount.

Amount.

Purpose of issue.
$339,000.. Impts. and extensions.

Coast Line KB. lstoon.4s....
do
do
do .... 4,406,000.. Retire old bonds.
8 1,000. .Improvements.
B. & O.— P. L.E.& W.Va.sys.ref.4s
do
do
2,266,000.. Refunding old bonds.
do
Const motion of Luoin
Une
Atl.

i

Cent. Pao.-Through

1st gu.4s 8,300,000

^

^ut-off*

1st refunding gu. 4... 2,940,003.. Pay note to Gov't
1,000,000.. Impts. and extensions.
Ghesa. <fe Ohio gen. 4^8
Burl. & Q -111. Div. 4s
4,311,000. .Retire old bonds.
Chic. Ind. & Louisv. ref. Ss
300,000. .Improvements.
Pao. By. ref. 4s
Ohio. B. I.
3,8 46,000.. Impts. and aoquisit'ns.
do
do
.....
do
8,154,000. .Betixe ooU. tr. notes.
.i jo /^n 5 A- 00 St. L. & S. F. oom.
'13
143,000
O.
J. & P.Bailroad ooll. tr.5s,
B £00fc
J
Chic. St. P. Minn. & Om. con. 6s...
35,000. .Ex oh. for old bonds.
Den. & B. G.— R. G. W. mort.
** 636,000.. Extensions and impts.
coll. trust fours
Des M. & Ft.Dodge 1st gu. 30-yr.4s 3,072,000.. Retire old bonds.
Pitts, gen. gu. 8*33, ser. C.
Erie
742,009. .Improvements.

do

OMc

&

B

i.

|

1

&

Gr.Nor.-St.P.M.

& M. Pao.

est. 4s. 15,000,000.. Old

bonds just Usted.
5,000,000.. Extensions and Impts.

do
do
do
Lehigh Valley gen. consols
do
do

2,664,000.. Pay car trusts.
17,436,000.. Retire old bonds.
500,000.. Improvements.
M. & St. L. 1st & ref. 50-yr. 4s
M. St. P. & S. S. Me. 1st oonsol 4s. 3,000,000.. Construction of road.
Mo. P.-St LI. M. & S. un.& ref. 4s 2,784,000.. Exoh. for old bonds.
do — Biv. & G. dlvs.lst 30-yr. 4s 4,487,000.. Construction of road.
IH. Y. C. & H. Biv. 30-yr. deb. 4s. .30,000,000. .Terminal, etc., impts.
do
100-yr. 3ias.... 8,164,000.. Betixe old bonds.
do
N. Y. Ont. & West. ref. 100-yr.4ifl8 2,063,000. .Improvements.
;H. & West. Div. 1st 1. & gen. 4s.... 3,000,000.. Extensions and impts.
Ore. S. L. guar. ref. 25-yr. 4s
86,500,000. .Exo. for 4% & part.bds.
do
do
do
8,500,000.. Corporate purposes.
Ozark & Ohero. Cent. guar. 5s
2,880,000.. Constr action of road.
Penn. Co.40yr. gu. tr. certs., ser. O 5,000,000 ) rm „,„„a „„« t.

do

P. Oin. O.

do

do

& St. L.oon.gu.4s,

ser.

do
do
do
Louis Southw. con. 4s
do
do

D.10|000;000j Im P roveaie,lt8F. 4,874,000. .Improvements.

4,126,000.. Retire old bonds.
520,000.. Construction of road.
2,301,000.. Pay equip, obllg'a, etc.
see's Dal.
do
do
992 ooo 5
Q0
a0
y^.OUOj A 00. 11116 Un. Dapot TorRy. &
Co.
O. ooU. tr. 4s,'38
South. Ry.— M.
30,000.. Exo.f or M.iO. gen. 4s.
do
1st con. 5s
1,000,000.. Improvements.
do
!do
34,000.. Exch. for old bonds.
Texas & Pacific lst5s
2,766,000.. Retire East Div. bondsVandalia RR. oon. 4s, ser. A
1,073,000.. Impts. and equip't.
do
do
5,927,000. .Retire certs, of indebt.
Wabash RR.— Om. Div. 1st S>«s...
173,000. .Improvements.
Wab. Pitts. Term. 1st 50-yr. 4s... .27,000,000) Constr'n, impts., acoui
do
2d 4s
2O,O0O,O0OJ Wh. & L. E. st'k, etc
West Maryland 1st 50-yr. 4s
1,762,000.. Construo'n and Impts.
St.

.

&

•

& I. debs.
12,537,000.. Be-pnrohase of prop's.
Govt.of Phllllpine Isl. 10 30.yr. 4s 2,500,OGO. .Public improvements.
Hudeon Co. Gas 1st Cs, 1949..
640,000.. Improvements.
do
do
570,000.. Retire old bonds.
Imp.Jap.Govt.6% BterJoan,2d ser.€0/(00,OOO..Extraordl'y purposes.
Intern. Paper consoL oonv. 5s
5,000,000.. Additions and impts.
Laelede Gas ref. and ext 5s
5,000,000.. Additions and impts.
Prov. Loan Soo. of K.Y-.4»«s of 'Ot 1,000,000.. Working oapital.
Republic of Cuba gold 5s of 1904.85,000,000.. General purposes.
Tenn. Coal, Iron &, RE. gen. 5s
619,000.. Excbg'e for old bands.
do

B

do

$266,185,000

S.

of

U.

S.

Bealty

4 Impt

title

of loan—

Brooklyn Bap. Transit 1st ref. 4s.
Detroit United Ry. 1st oon. 4>ab...
do
do
Havana Electrio Ry. 50-yr. 4s
do
do
do
....

L.

Total

E

SO,900

conv. deb. 5s

r

^ne

1

u" p ar po 8

\

{

'.

B

r

^b^

pub "

e

t

S

?ct?0Il B

tr

Ya.-Car. Chem. 10-yr. 00U. tr. 5s.. 6,500,000. .Aoqalsl'ns & gen. purp
West U. Tel. funcLdt r. e.50yr.4i«3 3,000,009. .Impts. and extensions

Total

$857,916,650

For new construction and improvements the New
York Central has listed $30,000,000 of debenture 4s,
chiefly for terminals, and the Pennsylvania system has
for

Pennsylvania Company guarC and D, $15,000,000; Pitts-

&

burgh Cincinnati Chicago
$4,874,000;

Vandalia

also

Eailroad consolidated 4s

$7,000,000, the greater part of
senting certificates

Louis guaranteed 4s

St.

this

last

amount

repre-

of indebtedness of the constituent

companies previously owned by the Pennsylvania Eail-

The entrance of

road Company.

into Pittsburgh has

the

Wabash system

been accompanied by the

listing of

by the Wabash-Pittsburgh
Eailway Company,
Terminal
being
$27,000,000
second mortgage bonds, these
first and $20,000,000
issues

bonds

of

$47,000,000

representing not only the

construction

of the

and the acquisition of extensive terminal facilities
but also the acquisition of a controlling interest in
line

the

&

Lake Erie Eailroad.
(Southern Pacific Company) has

Wheeling

Pacific

000 bonds on account of

its

Lucin

The Central
listed

$8,300,-

while blocks

cut-off,

of from $2,000,000 to $5,000,000 each for new construction and improvements have been listed by the Eock

Island, Iron

Mountain

(Missouri-Pacific),

Manitoba

&

Sault Ste.

(Great Northern), Minneapolis

St.

Paul

Marie, Norfolk

&

Western,

ern and Ozark

&

Cherokee Central.

New York

Ontario
It

&

West-

noteworthy

is

that no bonds, or practically none, have been listed by

such important companies as

the North Western, St.

Paul and Louisville & Nashville.
The Brooklyn
Transit is engaged in making important imEapid
provements, and has listed $7,000,000 of its 4 per
cent bonds.

The refunding operations were most notable in the case
of the Oregon Short Line (Union Pacific), whose 4 p. c.
and Participating bonds have been taken up and replaced by

a

new

issue of guaranteed refunding

4s.

The Lehigh Yalley likewise has retired tbe entire amount
of its Mortgage and Collateral Trust 5s of 1897, and to
refund these and various car trusts has made an issue of
all

of which have been listed

RAILWAY BONDS.

on the Exchange. Bonds for refunding ranging in amount
from 25 millions to 8 millions have been listed also by

Amount.

LISTINGS OP STREET

Company and

R

Mexico gold 4s of 1901... 40,000,000

U.

$20,000,000 general con. 4s,
Total

the Atlantic Coast Line, C. B.

Purpose of issue.

7,000,000.. Additions and impts.
3,982,000. .Extensions and impts.
275.000.. Retire old bonds.
1,650,000. .Improvements, etc.
5,307,000. .Exchange old bonds.

$18,214,000

j

J

anteed trust certificates,

Company and title of loan—

-

Col. Indus. 1st gu. 5s. ser.A(conv.)12,378,OCO..Exoh. Col. F.

—

OF EAILROAD BONDS.

Purpose of issue.

$2,000,000.. General purposes.
Amer. Ioe Securities deb. 6s
2,655,000. .Exo. for Am. I. pf. stk.
Amer. Telep. & Teleg. coil. tr. 4s.. 20,000,000.. Extension of system.
Amer. Tobaoeo 6a of 1944
50,769,750 > Exohsnge for spc's of
do
4nof 1951
72,757,000 5 acquired properties.
City of N. Y. 3»*% corp. stock
22,000,000 ) QeBeral nn, noRfiB
ueneral purposes.
do
assessment 3i*B
3,000,000

In the following tables we indicate the purposes for
which the several new issue of bonds- ailroad, street
obtained a quotation
railway and industrial haye been issued.
LISTINGS

3

Moines

&

Pittsburgh Cincinnati Chicago
Central and Texas

company

&

Q.,

Eock

Island,

Des

Port Dodge, Iron Mountain (Missouri Pacific),

this

& Pacific.

&

St. Louis,

New York

In the case of the last-named

marks the retirement of

all

the bonds un-j

.

July

THE CHRONICLE.

1905.]

s.

deriving the o per ccut issue

1SSS, which has

ol

there-

become au absolute first mortgage.
AmoiU' the miscellaneous bond issues we note

pany
that

sued by the

to

St.

Colorado

the

ot

&

Fuel

Com-

Iron

amount ol
Company, its new sub-

pany accounts
bouds by tin Coloiado Industrial
The foreign government loans and the
sidiary.
tor the listiug of a considerable

1

to

Lelow we give

the purposes

new

—

Amount.
Purpose of issue.
$7,330,000.. Stock dividend.
l,5Go,O00.. Extensions anaimpte.
Buff. Rocii. A Fltts. ,00111
16, 900,000. .Impu. & gen, par,).
Cuiiidlan Paolno, common
2,000,000.. Impt*., eqnlpt., etc.
Chlo. & East IU., pref
E^ch Mas. City &
Chicago Great Western, common.. 6,875,300 \ IJUll.tB BtOUk.

and

Gomp'.Tiu

elcus of slock

Hue

BR.,

com

&

1,163,400. .Exoh. W. M.

do

do

do

,Exoh.

196,400

Great Northern, pref

St. P.

& M-

stook, etc

£

58,000) Exohaoged fcrcommon
Nat. RR. ol Mexico, 2d pref
deferred
29,000 ) stock.
do
do
850,200. .Exoh. stook of tubsld'e.
Pennsylvania, stock
Pitts. Ft. W. & C, guar, speolal... 3,341,900. .Impts. and eqnlpt.
638,500. .Exo. C.R. I. & P.A'y.stk
Rjek Island, common

n

8t

1'enn.

BB.

full

14,649,500. .Exoh. seos. constlt. cos.

$102,456,800

LISTINGS OF 8TEEKT BAIL WAT STOCK8.
Amount.
Company and class ot slock—
Purpose of Issue.
Havana tleotrlo By., oommon.. .. $7,500,000) Qeneral nnrnDfieH
purposes.
«

do

,

pref

5,000,000 J
Phlla. B.ipld Tr. stook (40% paid). 80,000,000.. Old stook Just listed.
Twin City Bapii Transit, com
489,000. .Additions and lmpts.
United Bys. of St. Louis, pref
1,227,300. .Sold for cash.
do
do
11,755,900. .Old stock Just listed.
do

$55,972,200

Total

LISTINGS OF MISCELLANEOUS STOCKS.

Company and class of stock—
Amer. Coal

(of Alleg.) Co.,

Amount.

stook..$l f5 00,000

Amer. Ice Securities, stook
Amer. Steel Foundries, com
do
pref
do
Amer. Teleph. & Teleg., stook
Amer. Tobacoo, pref
Colorado Fuel

&

Iron,

Purpose of issue.
{

^^^0^0

6,000,000.. Exo. st'ks of Am.Ioe Co
2,200,000) Account pnroh. Simplex
2,200,000 5 By. AppUanoe Co.
7,000.. General purposes.
78,689,100. .Exoh. Consol. Tob. bds.

com

6,200,000

\

Ie

of

do
do
do
North American
do

N. J,, pref
do common
do
pref
do
oommon

1,51 8,600

FALL RIVER

5,600,000
'

do

h-,., at t>«Hola «+ par

....

7,100.000

^-fCoal,pr£^

A
\
(

{

q E?H FI' J J- « P
J^fc*
and Laol. Gas sise.
:

^

oont. Un.
« & work

,

Bys. of
g oapW<

The total amount paid out is decidedly less,
however, than for the corresponding period of 1904, and ex.
hibits a decline from the similar quarter in any year of the
The aggregate of the amount distributed has
last decade.
been $166,750, or an average of 78 per cent on the capital
Thirteen mills declared no dividends, and seven maintained
In 1904 twenty-seven mills paid out
last year's percentage.
In 19a3 thirty-two
$247,150, or an average of l'lo per cent.
mills paid out an average of 1"43 per cent; in 1902 the average
In 1901 the average percentage was
rate was 2-14 per cent.
1-43, and in 1900 the average rate of distribution was 2-Q0.
In lS9i) the average dividend was 1*31 per cent, in 1898 it waa

2,576,300) Acquisitions and 1m3,290,400$ provements
1,503,000.. Extensions and lmpts.

United rrult Co., stock
U.

8.

Beany & Impt. stook

^121,300 {

Total

XTcll£™£,**£.

$199,635,800

Nothing better indicates tbe more confident feeling
which has prevailed in investment circles than the will-

Union

ingness of the holders of
to a total

of

common

stock.

815,000,000

Next

in

Pacific convertible bonds

exchange these bonds

to
size

to

this issue

we

for

note the

116,900,000 common stock of the Canadian Pacific,
which was sold to its shareholders at par to provide for

improvements and general purposes.

The Yandalia

co

per cent, in 1895

it

was

new Yandalia Kailroad Company.

three important

refeued

Among
besides

issues of street

railway

The

1

i ->

t

i

1 1

ir

of

stock has been

above.
the

the

industrial

siiares

of

stock

the

issue-;

tobacco

should

0*91 per cent, in 1«96

5S per cent

1"-

noticed

consolidation,

and

in ls94

it

was

it

1"57

reached

1*52 per cent.

Jivid ends 1905.

Second Qoabteb.
1805 and 1804.

3

American Linen Co

IK

s Mills

Co.,..

Mills

.

Wampanoair MillsWeeiainoe Mills
>?•!•...

16.L00
»,6O0

.No dividend.
No divUend.
4,000

No dividend.
.

Nil

6(0.000

dividend

IK

HX>,"f>'>

l
.
.

.

I'.COl
i '.ooo

lv-

9OJ.0O0
tO ),0 .<>

No
No
No

"00 000

w.ooo

750.1)

m
IK

$"21,605.1

.

.

»i,7ro

No

l

IK
IK
1*
IK
1*
1

K
X

10.000
16.O0J
7,500
a,7'0|
B.CO'J
ii,i/O0

8,7W>|

15,000
8,0001

15.C00
n.ooo

i

•J.600,

i

8.000;

IK
1
1

IK

IK
l

e.noo
7,500
8,"to

—$1,000
-3.U50
+•'.856
'-^J.CICO

-rS,7«)

—2,700

— 1.000
-6,0.0
-2,900
"—8,0'66

-lioo
—7.500

— -5.C00
— 2.HC0
-7,500
—8.C00

v-,000
l-'.OO
i

W.OOO

"..60
7.500

z

14

,()

-6,360

IK

4,

V*

l.<!"'\000

$i8,<00

dividend. .No dlvldend.i
dividend. ..No divlnend.l
dividend ..No dividend.

o,

00,000
00,000

:

660, LOO
.

dlyidend.

1

750,0001

[

Mfu. Co...
Mfx. Co

5,-00
15,000

1*
\%

55\OC0

>-n<.Jimet Mills

'I

10,000
11,360

.No dlyidend.
o.OoO
1M
.No dividend.

1*
No

00

M'O.'X'O

1

1,000.000

Hanamore Mnnofact'ti Co.

i

400,'

10.0.

1

00

Amojiit.

.No dlvlder-d. ..No dividend.
i
4,950 ..No dividend.

m

750.000'.
1-00,000

1H

L*

1

I-OJ.OOO
800,'

C.

1

l.OuO.OOO

Osb'.rn Mills
I'arkerMIII
>'<>' asset Mannfact'K Co..
Richard Borden Mfir. Co..

W
inn Cotton

.

6WO.O0O
1,000 o:o

Merchants' Mannfac'g Co.
Narraganaett Mills

A

400.000
495,000
l.Ot 0.000

.

Mills
Granite Mills
Ilarxraves Mills
KIuk Philip Mills
i.nurel Lake Mills
Mechanics' Mills

mseh

4/00

l>-0,000
400,0110
400,0' 0.

<

y Cot.

$','•00

1

1.0C0.000
750.0001

K.'urne Mills

en ace Mills
imtnicut Mills.

1

1

45' ',000
.

1

[

CI Autouid. P.

.

$800,000

Hurnaby Munufact'K Co.
Barnard Mauufact'c Co...
iiorder City Manuf'g Co..

rd Mllli
Steveni Manufaot'K

Dividends 1904.

Cavital.

A<-k<rrli?ht Mills-

B

7.500
0-0
18

'-^4,500

l

18.000
fllrldend.
i

.Ucud.

lioe.760

iK
1
1

116

5,600
|.'4T,1S

-7 '6i'o
—».' 00

— H0.400

Combining the foregoing results with those of the first
we have the following exhibit for the half-year. It
La seen that on a capitalization of $31,605,000 the mil's have
paid out in dividends $347,360 in the first half of the present
year, or an average of but 1 15 per cent, against 8*1 6 pcroent

cent in 1903 and 3'57 ]> r c nt in tli»- lik
period of 1902. In 1901 the average dividend waa B'16 per
nt, in 1900 it was 411 per cent ami in 1899 it n ached 2 19
in

to

1

-

quarter,

Bolidation appears in the listing of over ll 1 million

of the

was

0*50 per cent, in 1897 it

IMvol Mills

oommon

1905.

of the year.

I'cirnell .Mills

pref

491,651
1,000,000
75,0 0,000
6,681,000

Nineteen of the thirty-two cotton-manufacturing cor"
porations located in Fall River which furnish reports of
operations have declared dividends during the second quarter

KMnt

do
do

$69,*i82,600

DIVIDENDS FOR

2IILL

-

T
Li.

to the unlisted list.

FIRST HALF OF

f™* ""*""{;, piJ?
s, etc.

3,740,700 \
4,472,100 ) Exchange stock of oon15,784,000 5 stltuent oompanles.

Co., Etoek

do

>

American Ice Se.

Rubber Goods Mfg., pref. stock
southern Paolno BB. certs, for 1st ref. 4s
do
do
2-5-yr.4s
do

for re-pur. prop

i

Eastman Kodak

y'

the

paid reotlpts for oonv. £139

.'

Total

and bonds of

marked by

is

Plicenlx Gold, capital stook

.

VandaUa KB., stock

the North

STOCKS, BONDS, ETC., PLACED IN "UNLISTED" DEPAETMENT.

11 1

ocmmon stoS uu^tim!!. . } 2,02O,000..Exo. for C. & E.I11. stk.
17,600. .Exoh for M.&.O. stock.
South. Ry.—M. & O. stock tr.certe.
44, 987, 000. .Exchange for conv.bdsUnion Pacitio, common

con

American Ioe, oerts. of deposit for oommon
$15,44°, ri00
do
do
pref
do
9,320,000
American Smelters Securities, pref. guar. B stock
30,0.0,000
Japanese Imp. Gov't- Ktihn, Loeb & Co. oerts. lor 4>t%
* loan 1925
«?, 1^0,900

Pao. stk.

M.

tho

in

also

is

while

ot stock,

Following are the additions

LIST1MQ8 OF RAILROAD STOCKS.

Atlauuo Uoaet

a place

Company.

curities

:

had

Company readjustment

the listing of stock

stock issue

Com-

Consolidation"), which, though

market. The Kodak consolidation

lion ol the Ice

(

securiths have already been mentioned.
of all

Coal

Pittsburgh

American Company, having purchased the control ol tho
trolley system ol St. Louis and also acquired additional
holdings in the gas and electric light business in
thai city, has added $12,700,000 to the amount of its
The virtual comoutstanding and listed share capital.

:

The reorganization

Coal

spiouous with over 25 millions

Paper Company, the Laclede (las Ligbt ('<>.
Louis and tlie Virginia-Carolina Chemical Company.

national

of the

L899, has never before

in

New York

is.

stork

of

-Kail

(the

organised

$6,500,000 have beeo
Western Union Telegiaph Company, Enter-

blocks ot from $3,000,000

millions

;i

fore

129

i

1904, 2-89 per

er cent.

THE CHRONICLE.

130

Dividends 1905 Dividends 1904. Increase

half-Tears.
1906

and

P. C.

American Linen Co
Arkwrlxht Mills
Barnaby Mauufact'g Co..
Barnard Manufacty CoBorder City Manuf 'g Co.

Bourne Mills ...
Chace Mills
Conanicut Mills
Cornell Mills

Davol Mills
Flint Mills
GraiilMi Mills
Hargraves Mills
King Philip Mills
Laurel Lake Mills
Mechanics' Mills

,

Merchants' Manuf'fr Co..
NarraKansett Mills

Oiborn Mills
Parker Mill
Pocasset Manuf 'k Co
Richard Borden Mfg. Co.

Bugamore Manuf 'k Co

.

.

Reaconnet Mills

Bhove

Mills
Stafford Mills

Rtevens Manufactur'g Co.

Tecumseb Mills
Troy Cot. & W. Mfg. Co..
Union Cotton Man'f 'g Co

WampanoaK Mills
Weetamoe Mills
Totals

„.

or

Capital.

1904.

Amount. P.

O.

8
$800,000
1
$8,000
450,000
1
4,600
S
400,000 ..No dividend. ..No
4.950 ..No
495,000
1
1
10.000
1.000,000
*k
10,000
8
1
1,000,000
2
11.260
750,000
tM
180,000 ..No dividend.
3«
8
»,000
400,000
**
8
400,000 ..No dividend.
8
1
6,800
680,000
8
16.000
1.000,000
ik
2
800,000 ..No dividend.
8
8
so.ooo
1.000,000
4
800,000
ik
4,800
a
750,000 ..No dividend.
HOO.ooo ..No dividend.
2
3
1
400.000
4,000
2
760.000 ..No dividend.
800,000
No dividend. 2
3
600,000
3
18,000
3
800,000
**
20,000
2
2
18,000
900,000
HOO.OOO ..No dividend.
1*
550,000 ..No dividend. ..No
1.000,000 ..No dividead. ..No
700,000
15,760
4
**
3
3
500,000
15,000
800,000
2*
7,600
8
86,000
8
1,200,000
750,000 ..No dividend.
»
2
550,000 ..No dividend
$21,605,000

1-15

$847,250

2-36

Amount. Decreasi
$24,000 -$16,000
-9,000
13,600

dividend.
dividend.

+4,960
-15.000

25.000
30,000

— 20.00C

16.000
6.300
12,000
12,000
17,400
30,000

-3,750
—6,300
-3.000
-12,000
—11,600
—16,000
-16,000

16,001

80,000
12,000
16,000
IM.000
12,000
16,000
18,000
18,000
24.001

18,600
7.600

dividend.
dividend.
S8.000
15,000
18,000
86.000
16.000
11,000

-7.600
—16.000
—16,000
—8,000
—16.000
-16,000
4.000

-7,600

— 12,1160
-ib',506

—15.000
—11,000

$507,700

[Vol. lxxxl

Country in danger of becoming Socialistic," while Mr. F. W.
Lafrentz, Comptroller American Surety Co., will speak on
" Money Orders of the American Bankers' Association."
Venetian carnival will oe held early that evening, followed
later by a grand ball at the Frontenac.
Saturday evening
the delegates will enjoy the illuminations at Alexandria Bay
on the special steamer St, Lawrence.

A

—The new Tru*t Company of America, 135 Broadway,
Mr. Oakleigh Thorne President, representing a union of the
North American Trust, the Cily Trust and the old Trust Company of America, has completed the first two months of existence, with a substantial growth in business to its credit. Its dewhich were $54,864,153 May 8th, when the consolidawent into effect, reached over $57,583,800 on June 80th.
In the same interval total resources rose from $68,121,541 to

posits,

tion

$71,310,845.

—Harry Whitney McVickar, Vice-President of the Empire
Trust Company of this oity, and President of the MoVickar.
Gaillard Realty Company, died on the 4th inst. of pleurisyMr. McVickar was also a director of the Knickerbocker
Trust Company. Ha was in his forty-fourth year.

—It is reported that a membership In the New York Stock
Exchange has recently been transferred for a consideration
The public sales of bank stocks this week
shares, of which 200 shares were sold at the Stock Exchange of $72,C00. This represents an advance of $2,000 over the
and 33 shares at auction The transactions in trust company last sale.
—At the suggestion of the Secretary of the Edinstocks were limited to the sale at auction of one lot of 12
shares. The table below, given in our usual form, shows the burgh Life Assurance Office of Edinburgh, Scotland, the
actual sales of New York City bank stocks made during the attention of our readers is called to the fact that American
week at auction and at the Stock Exchange. Extensive tables and Canadian brokers, in dispatohing to Earope circulars regarding their various bond issues, very frequently neglect to
showing the bid and asked quotations, deposits, surplus, &c.
of banks and trust companies in all important cities of the affix the proper amount of stamps, Seldom a week passes
United States are published monthly in the Bank and Quo- he states, but that circulars arrive without sufficient postage,
tation Section, the July issue of which aocompanies to-day's making necessary the payment of the surcharge on the other
Chronicle. Bid and asked quotations for all New York City side.
bank and trust company stocks are also published weekly in
—The Windsor Trust Company at Fifth Avenue and 47th
another department of the paper, and will be found to-day Street will open a downtown office about September 1st in
on pages 139 and 140.
the corner offices of the Mutual Life Building, Nassau and
Banks— tftvs York.
Shares.
Price
Last previous tale.
Cedar Streets. Its new branch will be on the street floor di*200 City Bank, National
282-285
June 1905— 282
8 First National Bank
710
June 1905— 729>s rectly underneath the Guaranty Trust Company.
Bank— Brooklyn.
W. F. H. Koelsch, Assistant Secretary of the Mutual
25 First National Bank
385
Apr. 1905— 390
Alliance Trust Company of this oity, has been elected TreasTrust Compan t—New York.
12 Farmers' Loan & Trust Co
1470
June 1905— 1470
urer in place of Charles Dittman, resigned. Gilbert S. Mott
'Sold at the Stock Exchange.
and Webb Floyd were appointed Assistant Secretaries.

ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8.

—

aggregate 233

.

—

—We

print herewith the reply of the Superintendent of
Banking, Mr. F. D. Kilburn, to our inquiry as to whether the
trust companies

would be required

to

make semi-annual

re-

ports in addition to their quarterly statements:
Replying to your Inquiry of the 23d of June, as to whether trust
companies will hereafter be required to report, in addition to their
quarterly statements, on June 30th and December 31st, as formerly,
these oompanles will not be required to report as of the 1st of July
unless in some year that date should be fixed by me for a quarterly
statement. Whether they will be required to report on Deoember 31st
has not yet been determined. That question is under consideration,
the idea being that if reports should be called for as of that date, it
will be largely in order that aoourate comparisons may be made for
an exact year with reports of former years.

—Mr. G. M. Wynkoop, of the Trust Company of^Amerlca,
has lately been chosen Vice-President and Manager of the
First Night & Day State Bank, which will commence business
when its building at Fifth Avenue and 44th Street, this city,
is erected.
Its executive Is Mr. Oakleigh Thorne, President
of the recently consolidated Trust Company of America.

—The initial report of the new Metropolitan Bank, 23rd St.
and Fourth Avenue, controlled by the Metropolitan Life Insurance Co. and the National Shoe & Leather Bank interests,
growth
Our readers

discloses a considerable

period of operation.

Bank

of business for so short a
will recall .that the Metro-

is a conversion of the Maiden Lane National
William Street, and commenced business as a
—Mr. John W. Castle?, President of the Guaranty Trust
State banking institution May 1 last. In the statement
Company of this city, sails for Europe to-day. He will be
made to the Banking Department Juie 9 the converted instiabroad until September.
tution's deposits reached $2,109,572, which contrasts with the
—During the month of June the Title Guarantee & Trust Maiden Lane National Bank's deposits of $860,556 and
Company of this oity and Brooklyn increased its deposits aggregate resources of $1,229,862 on Maroh 14, the date
from $28,864,985 to $31,302,305.
of the latter's last report. The Metropolitan's capital is now
—The New York State Bankers' Association will hold its $1,000,000, surplus and profits, $865,972 and total resources,
annual convention July 13th and 14th at the Hotel Frontenac, $3,476,902. Its President, Mr. Henry Ollesheimer, is also
Thousand Islands, St. Lawrence River, New York. An un- First Vice-President of the National Shoe & Leather Bank.
usually attractive programme has been arranged and this Mr. Gilbert M. Sayres, the Second Vice-President, was also
year's meeting is expected to be the largest and most suc- Second Vice-President of the National Shoe & Leather until
cessful ever held. On Thursday morning addresses will be lately, when he resigned to take active charge of the Metrodelivered by Mr. Charles H Sabin, President of the Associa- politan Bank's branch at 100 William Street.
tion
Mr. S. R. Flynn, President National Live-Stock Bank,
—The Peoples' Bank of Brooklyn will establish a branch at
Chicago, 111., and Hon. James M. Beck of New York City. Broadway and Hancock Street, where it is understood it has
In the afternoon the chartered steamer St. Lawrenoe will purchased a site on which a two-story building will be
take the delegates through the Thousand Islands and in the erected. The proposition to amend the articles of incorporaevening there is to be a banquet.
tion to provide for branches was approved by the stockholdFriday morning the bankers will listen to several ad- ers in January.
dresses.
Mr. Joseph G.Brown, President Citizens' National
The Empire Audit & Contract Company is now occupyBank, Raleigh, N. C, will speak on "A Voice From the ing handsome quarters in the new Williamsburg Trust Com.
South ;" Mr. John R. Van Wormer, Secretary Lincoln Safe pany building, 391 Fulton Street, Borough of Brooklyn.
Deposit Co. of New York, will have for his topic " Is this The Audit Company is practically a Brooklyn instituti m, its

politan

Bank

at 100

;

•

—

;

July

THE CHRONICLE.

8. 1905.1

131

among the prominent men of that Borongh. C.Henry C. Jagels (not William Jagels as previously reThe President, John G Jenkins, is also President of the ported) Vice-President, Henry J. Gordon Treasurer, John
First National Bank of Brooklyn, and the Willlamsbnrg C. Watson, and Secretary, Joseph G. Shannon. The company
Trnst Company, and is identified with many other financial has a capital of $100,00) and a surplus of $25,000.

directors being

;

Associated with Mr. Jenkins in
Audit Company are Warrel S. Pangthe management of the
born, Vice-President and Manager; Diniel Stewart, Secretary, and Thomas H. MeFarland, Treasurer. The New York

and commercial

City office

is

interests.

at 81 Pine Street.

—Toe Merchants' Bank of Brooklyn will in about a month
be conducted as a branch of the Union Bank of Brooklyn, the latter having lately seoured control of that Institution.
This acquisition will add over two million dollars
the deposits of the Union, and will increase the number of
to
its branches to five, the four now in operation being the
Atlantic, the Pioneer, the Stuyvesant and the Hamilton
Branch. The Merchants' has a capital of $100,000. The

;

—The banking department of the Fidelity & Deposit Company of Maryland, Biltimore, was on July 1 taken over by
Company, organized primarily for
The deposits of this department are $7,073,832.
The trust company has a capital of $1,000,000 and a surplus of
f500,000, and is under the same management as the deposit
company, with Elwln Warfield as President.
the

new

Fidelity Trust

this purpose.

—The imprint of the International Trust Company of
Maryland, at Baltimore, appears on a ruler seat out with
the compliments of that company. The ruler is of highly
polished wood, and besides showing measurements in inches,
has the French scile marked off on it in millimetres, centri
metres and decimetres.

Union Bank has a capital of $300,000, and in its June 8 state
—The $100,000 '.increase proposed in the capital of the Union
showed surplus and profits of $184,233 and deposits of
Mr. Sulli- National Bank of Pittsburgh will be considered by the stockDavid A. Sullivan is the President.
$4,298,074.
Albers, William J. Buttling and holders at a meeting on August 1. The new issue will be disvan, together with Henry
Edward B, Tompkins (ail direotora of the Union Bank), were posed of at $1,300 per $100 share, the premium of $1,200 being
added to surplus. As noted a week ago, the bank has conthis wtek elected to the board of the Merchants.
—The semiannual statement of the Franklin Trust Com- solidated with the banking firm of N. Holmes & Sons. The
capital is $500,000.
pany (164-166 Montague Street, Brooklyn, and 140 Broadway, present
New York City) for the six months ending June 30 1905
—The firm of Holmes, Wardrop & Co., composed of Joseph
shows an increase in deposits from $10,492,508 to $11,880,865, H. Holmes, son of the late John G. Holmes, and J. R. Warand aggregate resources from $13,377,565 to $15,068,890. Sur- drop, late with N. Holmes & Sons, has been organized in
plus and undivided profits have advanced from $1,726,017 on Pittsburgh. The new firm will locate in the People's NaDecember 31 1904 to $1,891,164 June 30 1935. George H
tional Bank Building at 411 Wood Street and will succeed to
Southard is President; William H. Wallace and Gates D. the boni and stock business of Messrs. N. Holmes & Sons.
Fihnestock, Vice Presidents; Clinton W. Ludlum, Secretary,
—A calendar has been issued by the Bank of Pittsburgh,
Georee H. Southard Jr. and Frederick W. Rlcht, Assistant
N. A., at Pittsburgh, Pa,, which, in addition to serving as an
Secretaries, and William I. Frothingham, Trust Officer.
for the institution, should be found useful to
merit

—The

Jenkins Trust Company of Brooklyn, which was
lately granted a charter by the State Superintendent of
Banking, opened for business on Monday of this week in
temporary quarters at 398 Gates Avenue. The new concern
has a capital of $500,030 and a surplus of $250,003. It will absorb the Coney Island & Bath Beach Bank, operating the
latter as a branch. The officers of the company are: President, John G. Jenkins Jr.; Vice-Presidents, Henry B. Scharmann and Riohard K. Haldane, and Secretary, W. A.
Conklin.

advertisement
those handling notes payable in the States of Ohio, Penn-

New

New

Maryland, Virginia,
Massachusetts, Connecticut, Rhode Island and the District
The calendar is arranged to show the actual
of Columbia.
maturity of all notes dated between July 1 and September 30
of the present year, payable in the foregoing States, at
sylvania,

York,

Jersey,

and ninety days, as well as one, two, three and
four months, all Saturdays, Sundays and holidays having
been taken into account. The calendar is on white cardboard
A revolving disc when
of convenient size, 11 x 9J^ inches.
—It is stated that Receiver J. W. Schofield of the Fredonia set at the date of the note serves to bring into view the maNational Bank of Fredonia, N. Y., has advised U. S. Attor- turity. The idea is copyrighted by Alexander Dunbar,
ney Brown at Buffalo that the seeming false entries in the Secretary of the Guarantee Title & Trust Company of
bank's books appear now to have been errors in bookkeeping.
The charges against Cashier Frederick R Green are, it is
further said, likely therefore to be dropped,

—Edward

S.

Campbell, President of the National

Newark

thirty, sixty

Pittsburgh.

—The

announced of Edward

Frauenheim, VicePresident of the German National Bank of Pittsburgh. Mr.
Frauenheim was identified with other business enterprises of
Pittsburgh, and had served as City Treasurer from April
1903 until October 1904. He was born in 1865.
death

is

J.

Banking Company of Newark, N. J., died suddenly on Sonday last at Lake George, where he had been spending his
vacation. He was in his fifty-sesond year, having been born
—The Washington Trust Company, which will be affiliated
in Midlleeex County, N. J., on Jan. 8 1854.
Mr. Campbell
with the Washington National Bank of Pittsburgh, has been
began bis banking career as a clerk with the National B ink
chartered with a capital of $125,000. The company's organof New Jersey at New Brunswick in 1870
in 1834 he was
ization will be perfected in the near future, and the opening
advanced to the cashiership. This position he held until 1894,
The application for the
will probably occur in September.
when he resigned to become Vioe-President of the old
Reilly, President, and W. C.
charter was made by John C.
National Newark Banking Company. When the consolidaMcEldowney and Isaac R. Whitaker, Vice Presidents of the
tion of the National City Bank with the Banking Company
Washington National Bank.
took place in June 1902, Mr. Campbell was appointed Presi;

dent of the enlarged institution. He displayed much interest
in the public affairs of Newark, and while President of the
Board of Trade was instrumental in bringing that body up
tj its present efficient state.
Mr. Campbell was President of
the New Jersey Scate Bankers' Association and devoted his
best efforts to make It a success,

—The Mercantile Trust Company of Jersey City, N. J., incorporated a month ago, will begin business on Monday,
Charles Fall, President of the Hoboken Trust Company of

—The organization of the Superior Savings & Trast Company of Cleveland, Ohio, has been completed, officials having
been elected as follows E. W. Oglebay, Chairman of the
board; J. J. Sullivan, President; J. H. McBrlde, Vice-President, and F. A. Scott, Secretary and Treasurer. The above
officers, with Liuis Black, L M. Bowers, E. 8. Burke Jr.,
F. T. Gates, L. C. Hanna, James H. Hoyt, Samuel Mather,
F. F. Prentiss, Samuel Scovll, Lyman H, Treadway and
:

James C. Wallace, constitute the board. Payment of the
Tne capitil of $500,000 was required by the 1st inst. The re-

Hoboken, N. J,, is President of the new institution.
other officials are: William M. Cahill and C. Emil Thentn,
Vice-Presidents; Lawrence Fagan, Secretary and Treasurer,
and Charles H. Clark, Assistant Secretary and Treasurer.

The company has a capital of $100,000 and surplus of $50,000,
and will make its headquarters at 138 Newark Avenue,

—The Weehawken

Trust Company of the Town of Union,
opened for business on Saturday last, July 1, at Bergenine Avenue and Fourth Street. The officers are President,

N.

J.,

maining half of the subscription, representing the $5(0, 000
surplus, will be paid in about September 1, at which time the

company expects

to start.

Phoenix Bank of Columbus, Ohio, has made application for a charter under the State laws. The bank will
have a capital of $50,000 and will conduct a commercial and
savings bank business. R. P. Spencer, R, S. Dmglas and O.
B. Spencer Jr. are tbe principals in the movement.

—The

THE CHRONICLE.

132

—A new banking institution has been incorporated to opername

ate in Columbus, Ohio, under the

ings B*nk.

The incorporation

of the

of the Northern Sav-

new

institution

waB

preceded by the purchase, by a syndicate of local business
men, of the Franklin County Bank of Columbus (capital
$10,0C0), and this bank will be taken over by the proposed
banking institution, which will have a capital of $50,000. C»
L. Dickey has been elected President of the new bank, J. H.
Zinn, Vice-President and A. B. Walker, Treasurer.

—The

preliminaries attending the conversion to the national system of the City Deposit Banking Company of Columbns, Ohio, having been completed, the institution opened

on Wednesday as the City National Bank,
been reduced from $500,000 to $300,000.

—Control

of the

The

capital has

Lucas County Savings Bank Company

ident; E. T.

and

J.

new management

Afflack and R.

of

O. A. Browning, PresWallace, Vice-Presidents,

are:

W.

E. Alvord, Cashier.

—The

voluntary liquidation of the People's National Bank
of Newark, Ohio, voted by the stockholders on January 10, be-

come

on the 17th ult. The bank consolidated with
Bank Company, forming the Franklin National

effective

the Franklin

The latter opened on June 19. It has a capital of
$250,000. The officers are: W. A. Bobbins, President; WilBank.

liam L. Prout, Vice-President and

W.

The stock is in shares of $100 each.
President; S. L. Moore, Vice-President and G.
Cashier.

Levy

fully paid.

I.

B.

is

I.

Gilbert,

—The FirBt National Bank of Topeka, Kansas, was closed
on Monday. J. T. Bradley, National Bink Examiner, was
placed in charge as receiver. In his statement regarding
the bank's closing, Vice-President W. H. Rossington averred
that the trouble was caused by lending too largely to one
borrower. C. J. Devlin is reported to be the owner of about
70 per cent of the bank's $300,000 capital, and the bank is said
to have held his notes or the notes of companies in which he is

heavily interested, to the extent of nearly $1,205,000.

A slight

run on the Central National, of which Mr. Devlin

is

also a

stockholder, followed the closing of the First National, but the

Toledo, Ohio, has, according to local advices, passed into new
hands and its affairs will hereafter be directed by W. W.
Morrison and I. E, Gardner, both of Bryan, Ohio. The officers under the

[Vol. lxxxi.

B. Hopkins, Cashier*

—The

plans for the convention of the Michigan Bankers'
Association have been completed. As in previous years, the

meeting will be held on board a steamer. Tnis year the trip
will be made on the " Juniata," starting from Detroit Friday
July 21. From here the boat will procsed to Mackinac
Island, Sault Ste. Marie, Marquette and Houghton.
On
Wednesday, July 26, the return trip will begin, the party
arriving at Detroit the following Friday. The transportation committee consists of William Livingstone, President of

bank was prepared for all demands upon it. Several other
banks of the city also experienced slight runs. The State of
Kansas has $547,000 on deposit in the First National, and the
City of Topeka and County of Shawnee are understood to be
and |29,952, respectively.
William Sims, President of the bank, it is reported, has not
been in active charge of affairs for several years, owing to ill
health, and Cashier C. E. Hawley has also been absent from
the bank on account of illness. Mr. Devlin is said to have
turned over to the bank on Monday nearly $7C0, 000 in life
insurance and about the same amount in Topeka real estate.
Inasmuch as a petition in bankruptcy against him was filed
on Wednesday in behalf of Kansas City creditors, the real
depositors to the extent of $26,241

estate transfer, it

Two

is

stated, will be set aside.

banking institutions of which Mr. Davlin was
President, namely the Spring Valley National Bank, at
Spring Valley and the First National Bank of Toluca, suspended on Wednesday.
Illinois

—The Corn

Belt Bank, a new Kansas City, Mo., instituopened on Monday at 1019 Grand Avenue. James L.
Lombard, through whose efforts the bank was organized, is
President. J. P. Lombard is Vice-President and A. E. Lombard Cashier. The capital is $100,000 and the surplus $5,000.
tion,

—It is reported that interests connected with the Citizens'
Bank of Savannah, Ga., have acquired stock of the Southern
Bank of the State of Georgia, at Savannah, to the amount of
shares. The stock was held by the estate of
—Fred N. Smith has become Cashier of the Union National about 8,000
Eugene Kelly, and its acquisition gives the Citizens controlBank of Indianapolis, Ind., succeeding Robert E. Morrison,
ling interest in the Southern, the capital of which is $500,who had also held the office of Vioe- President. The latter
000.
Plans for the merger of the two banks are being perpost remains unfilled.
fected, and, if consummated, the Citizens', it is expected,
—The title of the Wisconsin Fidelity Trust & Safe Deposit will increase its capital from $500,000 to the neighborhood of
Company of Milwaukee was changed July 1 to the Fidelity $700,000.
Trust Company.
—A charter has been issued to the Albany Trust Company
The surplus of the National Exchange Bank of Milwau- of Albany, Ga. The capital of the institution is $100,000.
kee has been increased to $300,000 by the addition of $50,000
—The application to organize the Island City National
voted by the directors on the 30th ult. The capital remains
Bank of Key West, Florida, was approved June 26. The
unchanged at half a million dollars.
bank will have a capital of $100,000. George 8. Waite, E. M.
—The vacancy in the cashiershlp of the Swedish- Ameri- Martin, John T. Sawyer, Richard Peacon, Charles R, Pierce,
can National Bank of Minneapolis has been filled by the elec- Theodore A. Sweeting and J. M. Phipps are promoting the
tion to the office of Edgar L. Mattson. The latter is suc- enterprise.
ceeded as Assistant Cashier by Alexander V. Oatrom.
C. S—The consolidation embracing the Whitney National Bank,
Pillsbury, with the Pillsbury- Washburn Flour Mills Comthe Germania National Bank and the Central Bank, Savings
pany, takes former Cashier F. A. Smith's place as a member
& Trust Company of New Orleans was ratified by the reof the bank's board.
spective stockholders on the 1st inst. The consolidated bank,
—On July 1st the Amerioan National and the First National which takes the name Whitney-Central National Bank, has a
banks of Deadwood, South Dakota, consolidated, the enlarged capital of $2,500,000.
George Q. Whitney is its President.
bank continuing under the name of the First National. The There are five Vice Presidents, namely, Charles Godchaux,
capital of the latter has been increased from $100,000 to $150,Pearl Wight, Sol. Wexler, Frank B. Williams and J. E.
000. The Amerioan National, which will be liquidated, was
Bouden. J. M, Pagaud is Cashier and H. Kahle and J, B.
established in January 1895 and had $50,000 oapital. The Ferguson Assistant Cashiers. The opening of the enlarged
First National was organized in 1878. The officers of the
institution took place on Monday.
In an advertisement in
consolidated institution are N. E. Franklin, President; Harris
the New Orleans papers the stockholders of the Germania
Franklin and T. J. Grier, Vice-Presidents; D. A. McPherson National are notified that on July 10 their holdings will be
Cashier and M. M. Wheeler, Assistant Cashier. President exchanged for a like amount of stock
in the Whitney- Central
Franklin had been the Cashier of the American National.
National and certificates of the liquidators entitling them to
—It is reported that negotiations have been completed for participate in the distribution of the surplus to be ascertained
the consolidation of the American National Bank and the In due course of liquidation.
Bank of Commerce, both of Oklahoma City, Okla. The new
—The final step In the consolidation of the Provident
bank continues under the name of the American National, Bank & Trust Company and the Canal Bank & Trust Comwith $100,000 capital. J. H. Wheeler, formerly President of pany of New Orleans was taken on the 80th ult., when the
the Bank of Commerce (capital $25,000), is President of the liquidation of the Provident was completed. The Canal
consolidated institution. F. P. Johnson is Cashier and H. P.
Bank & Trust, as part of the consolidation plan, Increased its
Carson and Oscar Avey are Assistant Cashiers.
capital from $1,000,000 to $1,200,000. In its June 30 state—The Oklahoma State Bank of Guthrie, Okla., was organ- ment it shows surplus of $400,000, and in addition $40,124
ized on June 9th with an authorized capital of $50,000, undivided earnings.
Deposits on the same date aggre

Dime Savings Bank

George H. Russel, President of the State Savings Bank of Detroit, and Fred. E.
Farnsworth, director of the Union National Bank of Detroit.
the

—

of Detroit

;

2

.

July

S,

THE

1905.]

CIIRONICLK.

gated $6,107,865. The management is now as follows President Charles Janvier; Vice-Presidents, A. Brittia, Gilbert H
Green and George W. Yonng; Cashier, E. H. Keep and As'
sistant Cashier, E, M. Toby. It is stated that the advisability
of consolidating with the Lonisiana National Bank has lately
been nnder consideration by both institutions.
:

—The Security Bank & Trust Company of New Orleans,
mentioned in our issue of May 27, began business on the 5th
The bank is located in the New South Building at 219
Inst.
Baronne Street. The capital is $500,000 and surplus, created
by the sale of the shares at $150 each, $350,000. Emilien
Perrin, a real estate bond and cotton broker, is President,
Myer L?tnann and W. F. Pinckard are the Vice-Presidents,
and E. S. D. Logan, Cashier. The last-named had been connected with the Whitney National Bank for over twenty
years.

—The

directors of the People's Savings, Trust

&

Banking

New

Orleans have recommended to the stockholders the proposition to inorease the capital $250,000 by an
assessment of $100 on each share now outstanding. It is the
intention to apply the sum thus accruing to the surplus

Company

of

fund.

—The

capital of the Farmers'

&

Mechanics' National Bank

8

s

133

the directors announced that they had been able, out of profits accumulated to May 31 1905, to add to the reserve a sum
sufficient to raise the proportion of that fund to capital to
100 per cent, thus

making the reserve equal

to the oapital.

one phare of new stock
of old. Hon. William Gibson Is President and
to nice shares
Mr. J. Turnbull, Vice-President and General Manager.

The proportion

of allotment

is

—Geo. P. Reld, for thirty years in the employ of the Standard Bank of Canada, Toronto, has resigned the post of General Manager, held by him for ten years. He is succeeded by
G. P. Scholfield, formerly Manager of the Toronto office.
Recognition of the long and valuable services of Mr. Reid
was made by the directors in a liberal retiring allowance.

—The Banking and Commerce Committee
Parliament has favorably reported the

bills

of the Canadian
incorporating the

Monarch Bank of Canada and the Sterling Bank, both Toronto institutions. Some opposition was encountered at the
early hearing of the bill for the incorporation of the Monarch, which it was intended to organize with $10,000,000 capBefore the final hearing, however, the directors agreed
ital.
to a reduction in the capital to $2,000,000 if the committee
would pass the bill with this change, as the amount may
The authorized capilater be increased without legislation.
tal of the Sterling Bank is $1,000,000.

Worth, Texas, has been increased from $203,000 to
—The National Bank of Cuba (bead office Havana) deThe additional stock was voted by the sharehold$250,000.
clared a 4 per cent semi-annual dividend, payable July 1.
ers on May 25 and was taken by J. T. Pemberton, George E.
Cowden, W. H. Cowden and George A. Pemberton of Midland, Texas. J. T. Pemberton, formerly Cashier of the First
Canadian Bank Clearings.— The Clearings of the Canadian
National Bank of Midland, and George E, Cowden have been Banks for the month of June, 1905, show an increase
elected directors of the Farmers' & Mechanics' National and over the same month of 1904 of 16 '2 per cent, and for the
Mr. Pemberton has also been elected an active Vice-President five months the gain reaches 25*7 per cent.
of the last-named bank. The price paid for the new stock
Six Months.
June.
was $l£0 per share.
of Fort

Clearings

at—
190B.

—The

business of the Texas National Bank of Dallas, Texas,
has been taken over by the American Exchange National
Bank of that city. It is but two weeks since we announced

the consolidation of the American National and the National
Exchange banks, forming the American Exchange National
Bank, with a capital of $1,000,000 and surplus of $500,000. It
is stated that there is to be no increase in the oapital or

change

on aocount of the acquisition of the Texas National. The latter had a capital of
$250,000 and began business in January 1904.
in the officers

—Two

—

Waxahachie, Texas the
and the First National— have consolidated, the merger going into effect on the 1st inst. The
National

retained as the name for the new bank,
capital and surplus being $250,000. The President is O. E.

Citizens' National
its

109.010,207

Toronto
Winnipeg...
Halifax

26,134,687
7,»75,6i»
10.91J.126
7,»21,3"3
7,826,901
5.4M5,«i2

Ottawa
Quebec
Vancouver
Hamilton...

John
London

St.

4,48c>,7'5

Victoria

4.205,456
4,0)2,739

is

Total Canada.

270.369,057

Company

Los Angeles, Cal.»
which began business last year, reports deposits on June 28
of $582, 855, the amount comparing with $203,240 on December 28 19C4 and but $25,583 on September 28 1904. The oapMerchants' Trust

ital is $325,000.

Cashier,

—The
its

W.

L. Brent

and Lloyd L.

is

Elliott,

First National

Bank

of

The clearings

for the

of Riverside, Cal., has increased
0.

consolidation of the Pacific National Bank and
Lumbermen's National Bank of Tacoma, Wash., consummated under the title of the first named, became effective
on the 23th ult. The consolidated bank has a capital of
$200,000— this being $100,000 more than the capital of the
old Pacific National, and double the amount of that of the
Lumbermen's. The officials and staff of both institutions
have been retained throughout. R. L. McCormlck is the
President William M. Ladd, C. H. Hyde and L. J. Pente
;

cost are the Vice-Presidents;

W.

E. Bliven

is

Caehier and

stockholders of the Bank of Hamilton, at Hamilton,
Ont, in June 1901 authorized the issuance of $500 000 of additional capital, raisiDg the authorized amount to $2,500,000.
this $500,000 of

Bummer

of 1903 at a

+

—

2.424,024
14o.v05.542 03t.H0u
55.- 65.072
6".

41.53* 093
50,'J80, 449
36,30 *, 397
83,8 5, 941
27.64-), 802

40,4><2 673

38,44V 37
31,r40.830
24,3»4,0«4
98,801,446
17,821,982

%

+3r5
+32'2
+12-3

+V1
4-11-6
4-11-6
4-13-7

+14-1

4-3 4
+12-6
588 +13-3
15,727
23,588, 701
21.222. 55'

232,912,864 4-16-2 l,544,2L8,9e>7 1,22 J ,195,(>2- 4-257

week ending July

make

1

a very

ending July

—
1905.

$
2l,159,8?8
14,19 \989
5,4-8.41
1,825,18l,98l.«84
1,874,397
1.471,118
1,3-0,0
942.6 6

Halifax

Inc. or

1904.

Dec.

*
19,262.9

%
4-25-4

1.

1902.

1903.

$

I
10.408.412
14.956.625
2,996,021
l,e02.134
1.431,834
1.67H.678
1,142 919

1/81.148

—7-0

1,160.0s-

4-15-5

91-.806

+2-4

17,979,451
14.830,202
3.887,541
1.842 30
1,652.358
1,574.-26
1,131,304
h98.886
899,8 S

874,105
473,118

410,490

46,152,866

43.091.365

«4

12,69*. 3 V)
5,- 12.2.9
1,455.1-2
I,6s2,4l0
1,03H,109

4-12 7
4-5-8
4-25-4
4-17*8
4-14-4

719.40;

671,881'

863 662

t01,796

4-7-0
4-71-1

46,694,998

4-17-5

9-12,849

819.606
751,

IH

Clearings by Telegraph.— Sales of Stocks, Bonds, &c—
rhe subjoined table, covering clearings for the current weeki
asually appears on the first page of the Chronicle, but on account of the length of the other tables is crowded out once a
month. The figures are received by telegraph from the leading cities. It will be observed that as compared with the
corresponding week of 1904, there is an increase in the
iggregate of 45*7 per cent. So far as the individual cities are
joncerned, New York exhibits a gain of 69 '2 per cent,
Boston 44*4 per cent, Philadelphia 28-8 per cent, Chicago
11 '7 per oent, Baltimore 33-0 per cent, St. Louis 8'6 per cent,
and New Orleans 65*3 per cent.

Assistant Cashier.

—The

Of

72,117,478 +14%
23,020,360 4-15 7
1-5
7.4H2.7P3
9,015,762 +2T1
8,096.131 -34
6,876,815 +6-ti
4,80 i.86 + 14-4
B-6
4.7-2,888
3.S25.47P +9-9
3,041.557 -K-2T

TFeefc

Clearings at

Manager.

—A

is

$
473,3*5, 317
38u.074 01l-'4."65 147

(127.150,249

#

Wickham,

the

Stephen Appleby

In. or
Dec.

1904.

%

89,892,32;? 4-21-3

54.872,168

President; Jos. C.

from $50,000 to $100,0

capital

1905.

Dec

favorable comparison with the same week of 1904, the
increase in the aggregate having been 17 5 per cent.

Dunlap.

—The

In. or

for the present

of the oldest banks in

Citizens'

Montreal...

1904.

new capital, $250,000 was issued in the
premium of 85 per cent. The remaining

flearingi— Returns bv leleoravh.
Week Kndino July 8.

New York

1904.

P. C*nt

-HM

2

$1,42 ),61 9,642
18 ,546,121
15.93S,343
90,878,090
144.618.981
42,339,607
16,461.260

Philadelphia

8t. IiOuls

$250,000

has recently been offered for suscriptlon to shareholders of record June 30 at a premium of 100 per cent. The
86 per cent premium at which the etock issued in 1903 was disposed of represented the proportion at that time borne by reserve to capital, In a circular lately issued to the shareholders

1906.

Seven cities, 5 da) i
Other oltlei, 6 days
Total

all cltlei.

6da7i

Total

all cltlei

for

weic

$841331.901

$1,879.7 96.897

$1,2 i3.54fl.601
B40.48H.9O7

4-60-2

$2,140.784 820
615,864,649

$1,444.0*0,468
879.78M.a78

44S-8
4-868

la.t&O.r ls.875

$1.883.8c 4.141

4-46-7

ae0,0i7.e2?

80

1.

7.7.

7 1.191,600

15,077,828
189,151.991
88,977.367
9,968.688

4114
4-^88
4-80
4-11-7

48-a

+0-0

THE CHRONICLE.

134

[Vol. lxx*l

Our usual monthly detailed statement of transactions on results for the eleven months of the fiscal year 1904-05.
the various New Yors Exchanges is appended. The results The imports of gold were of small volume, reaching only
$212,434, of which $122,415 was in coin. Of silver there came
for the six months of 1905 and 1904 are given below.
almost wholly bullion and silver in ore. During
the eleven months there was received a total of $15,469,962
gold and $2,8C9,359 silver, which compares with $32,473,798
gold and $8,276,630 silver in 1903-04. The shipments of
gold during May were very light, reaching only $3,895, all
in $208,911,

Six Months. 1904.

Six Months, 1905.

Par Value

Value.

«1«^W7W| 10W » M 7T3

«">«*{ VaT

8814.900.
I95.5M0.400
•496.800

t3.17,0W6

242,235,1-50,

'

1106

98-3
(1,807.128 208-1

$8».1887S0

242,7 32, iSO

88-3

lOOMc

and the exports of silver were $1,388,934, of which
was bullion. For the eleven months the exports
of gold reached $5,830,798, against $658,252 in 1903-04,
and $6,481,181 silver was sent out, against $3,311,186 in
1903-04.
The exhibit for May and for the eleven months
coin,

$709,250

6,054,583B25 $3048688.3*8 60-8
8ii9,880,900, 308,864 260 90 16-ie

Ill784608,t:98

Total value.

Price.

2?9881S 105 68 " 9
«4?46 4 7 6l26V
"
1300,077,000 1247.809.532 80'8
|176,108; 1089
|43",400
»1.6h4.200
81.269.868 86 8
1824.382 228-7
1360,500

94'5

|7837442H725 11541876 40-

Total...

Oraln.bmh

Aver'a

Value.

95 9

869

'

I48i.289.100! S451.H10.6W

AH. bondi..
Sor't bonds
State bonds
Bankitooke

Actual

Aver'ge Par Value
Price. or Quantity

Actual

or Quantity

O*s*rivt*on

I

$3357687,643

is

The volume of transactions in share properties on the New
Stork Stock Exchange each month since January 1 in 1905

IMPORTS OF GOLD AND 8ILVEB AT SAN FEANCI8CO.

indicated in the following:
ALBS OF STOCKS AT NEW TOBK STOCK EXCHANGE.

and 1904

is

Value*.

Number
of Shares

For.

litqr.

of Bharet

1904-05.

t
i
l,874.b70.487 12,282,824 1,169,681,975

20,792.558 1.981,154.401

793,179,950
2,323 6S7.t6< i.014.662,018 8,769,26129.188.888 2,708,965.975 2.178,193.15f 11.440,966 1,053,978,950

nrKAM 8,963,748.22c

t

8,205 529
6,290,110
4,972.804

465,855,700

8a7.9S4.816
260,000,002

2(3 qr.

68,392.485 6,888,049,800 6,488,607,11'. 18,468.44:- 1,788,734,960

977,855.299

mos.

13766286

999.484

18,576.469 1.138,498,100

62'.

Ooi7i.

Bullion.

9
229,932
327,304
273,881
262,972
250,476
274,407
258,252
236,490
216,113
119,659

73,323
52,560

140,339 4,644,769
205,935 4.034,50(
91,106
838, 92'
227,832 3,921,004
121,051
600,604
175.712
444,127
162,987 248,721
141.587
142.652
153,268
182,873
69.84'
199,362
so.ou 212,434

15,130

140
159
9,700
5,000

203,911

Total

303,256
379,864
273,831
262,972
250,476
274,407
273,382
236,630
216,272
129,359
208,9X1

439.3U0.481

778.667,250
500.728.0<X

June..

8

747,820
Ootober.. 3.693,172
November. 479,553
December. 268,416
January.
85,734
february..
1,065
March....
29,60 c
April
129,607
May
122,415

>.667,685,6ai 88,490,831 3.006,740.875 1,820,959,806

April.. 89.898,456 2,789,542,650 2,670.4 98,487
May... 20 617,500 1.911,011.55'.) 1,768.624,018

4,504,430
3,828,565

September

666,948,926
600,002,418
654.00S.461

Total

9

July
August

Actual.

Par.

SILVER.

Bullion.

Coin.

Values.

Number

Actual.

~$
Jan
Feb
March

GOLD.
ttOHTHS.

1904.

1905.

Month.

as follows:

lot.llmof

18,890,281

1,679,681

15,469,962

156,01212,653,347 2,809,359

EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.

12796797,686 10996232.77 1 50.969.282 4,745,476,826 2,798,815.105

GOLD

SILVER.

MONTHS.

since January 1

July

Clearings Outside

Clearings. Total All.

P.Ct.

1904.

1905.

New

1905.

May
tot.llmos

York.

281,206 5,549,589 5,830,798

Ootober...

1904.

November.
December,
January

P.Ot.

.

March....

Bullion.

Total

f

$
11,845.618,81*

$

9,451,278.882

10.848.351.488
12,915,789.511

+258

7,727,106.027 t-87-8
8.397,888 333 + 63'

lit qnar. 35,409.769,811 25.675.771,742

+38

4

+9*4
+7-1
3,693,385,348 +18*4

4,110,891,257
3.530.032.228

8,769,752,263
3,897,800.026

4,184,381.014

11,825,807.49' 10,660,487,631 +11-0

April

12,762,348,164

4,173,090,898

3,887,039,959 +23-2

June

L0.812,576,013

8,078,011.137

+839

4,077,265,884

3,501,583,867 +16-6

February..
March...
April....

1,880
2,329

1

,821,578

4,659,603 6,481,181

3,633,862.666 +14-7

18,057.187,810

8.824.005.741 +53
8,829,870,666 +46-f

4,051,646694

May

367,227
745,629
676,510 982,036
403,600 645,768
522,291
527,937
422,900 432,686
476,345 665,940
330,800
374,249
115,100 121,222
422,400 427,429
213,180
219.361
709,250 1,338,934

1,880 378,402
2,3291 305,526
280 242,158
280
6,730
6,730
5,646
2,055
2,055
9,786
249,660 3,885,119 4,134,779 189,595
4,125 1,664,470 1,668,595 43,449
1,690
6,122
1,690
5,410
5,410
5,029
3,156
6,181
3.155
629.684
3,895
3,895

Angus t...
September

Wont*.

.

Ooin.

Total.

1901-05.

,

MONTHLY CLEARINGS.

January.
February

Bullion.

Ooin.

The following compilation covers the clearings by months

^onctnx^i&ommzxtml^n&xsU&zxos

2d qnar.. 35.602.0E6.977 24.886.837,584 +45-9 12,301,602.981 10,421,925,9:8 +18

months

6

[From our own correspondent.]

71,011,816,788 60,201,659,278 +41-0 84,127,210,478 21,072,888,613 +14-5

London, Saturday, June

24, 1905,

A better feeling was noticeable on the Stock Exchange
The course of bank clearings at leading cities of the country
for the month of June and since January in each of the early in the week, but with very little increase in business.
This change of feeling was largely due to an abatement of
last four years is sbown in the subjoined statement.
BANK OLEARIHGB AT LEADING CITIES.
the scare in Paris. It was understood that the conversations
June.
Jan. 1 to June 30.
between M. Bouvier and the German Ambassador in Paris
1905. 1904. 1903. 1902. 1905. 1904. 1903.
,

(000,000*
omitted.

Jew York...

$$$

6,735 4,570

Richmond..

830
599
596
246
214
149
102
99
»*
62
76
64
48
48
35
30
S9
27
28
32
26
22

Memphis....

18

Seattle
Hartford....

Chicago
Boston
Philadelphia
St. Louis.-..

Pittsburgh..

SanFran'CO.
Cincinnati...

Baltimore...

Kansas City
Cleveland...

New Orleans
Minneapolis.
Louisville...

Detroit

Milwaukee..
Providenoe..

Omaha
Buffalo
St.

Paul

Indianapolis

Late City

Total

Other

Cities..

Total

172

125
115
92
83
56
61
54
46
*5
32
28
35
27
25
27

9

(

$$

4,967 46,885
741
660 4,893
577
632 3,773
452 3,389
637
196
206 1,469
223
171 1,225
117
98
856

5.747

106
106
73

75
62
53

46
46
33
30
36
27
25
31
20

97
99
67
65
44
49
43
*2
28
28
29
23
23
23
20
16
11
17

n

602
604
556
378
466
397
303
280
205
183
212
165
153
162
157
128
125
129
83

13

88

«

1902.

8

29,129 35,698
4,356 4,333
3,224 3,447
2,687 2,997
1,373 1,224
973 1,255

727
595
524
516
337
523
34S
276
247
195
174
198
157
145
152
107
117
131
101
69
71

738
596
586
491
412
379
322
276
856
187
180
198
158
148
157
112
102
100
96
71
73

*
36,911
4,197
3,485
2,898
1,303
1,060

637
530
594
461
357
334
307
253
265
168
178
179
143
135
128
114
108

all...

OutsideN.Y.

26
12
19

18
19
18
19
11
12

18
16
17
12
18

10,276

Denver.....

8.

732
540
443
228

.

7,633

8,982

536

439

440

7,834 67,866 47.446 54,592 55,063
375 3,146 2,766 2.671 2,359

10,812
4,077

8,072
3i502

9,422
3,675

8,209 71,012 50,202 57,263 57,422
3.242 24,127 21,073 21,565 20,511

82
82
71
83

IMPORTS AND EXPORTS OF GOLD AN1
SILVER AT SAN FRANCISCO.
The Collector of Customs at San Fiancisco has kindly
furnished us this week the details of imports and exports
of gold and silver through that port for the month of
May, and they are given below in conjunction with
the figures for preceding months, thus completing the

had passed off smoothly, and it was hoped that the long statement of the French case whioh
Bouvier had dispatched
to Berlin would prove quite satisfactory and prepare the way
for a friendly arrangement. As the week drew towards an

M

was somewhat changed, for the
more to write in an
hinting that Germany required much more

end, however, the feeling

German

semi-official

unfriendly tone,

press began once

than M. Rouvier seemed disposed to give, and saying that

Germany would not consent to restrict beforehand

the action

proposed International Conference. On Thursday
afternoon the Bourse took fright, and even in the Chambers
there was a gloomy feeling. The Bourse continued weak
yesterday, and altogether nervousness is decidedly more apparent than it was earlier in the week.
Apart from the writing of the semi official German press,
it is perhaps natural that while the French are waiting for
the reply to M. Rouvier's note, they should be exceedingly
anxious. Moreover, there is an ingrained distrust of Germany in France which the German press is continually feeding by very indiscreet articles, if they are not intentionally
inserted to make an impression upon the French mind.
Naturally, this recurrence of anxiety in France has unfavorably affected the London market. In France it is believed
everywhere that the main object of Germany is to detach
France from England— to put an end, in short, to the
entente cordiale. Consequently France is naturally looking
for support to this country. The people of this country are
quite ready to fulfill. all their engagements to France. Indeed,
they entertain the most friendly feeling towards France and
are prepared to do everything that is possible to give her
of

the

.

July

THE CHRONICLE.

8, 1905.J

135

The following shows the imports of cereal produce into
Bat the uncertainty as to the demands of Gerthe United Kingdom during the forty-two weeks of the seafirst place, and in the seoond place as to the
son compared with previous seasons:
readiDees of France to fight, makes the situation one full of
IMPORTS.
Besides this, whenever apprehension increases
perplexities.
1904-5.
1903-4
1902-3.
19013
Imp'ts of wheat, owt.82,510.O0O 73,850,036 65,781,663 57,814,644
in France there is a good deal of selling on French account
18.907,900 27,580,226 21,856.032 19,694,282
Uarley
12.203,200 12,481,894 12,092,171 14,348,023
on the London Stock Exchange, which is well calculated to Oat*
1,789,077
1,981,780
Peas
1,624,778
1,688,428
1.833,030
1,788,558
1,292.100
1.547,396
lower prices. On the other hand the recovery that has taken Beans
32.873,800 38,446,967 31,590,122 86,900.781
Indian oorn
plaoe this week in the American market has an encouraging Flour
9.279,820 16,788,248 15,670,248 16,421,588
Supplies available for consumption (exolusive of stock
muoh aotivity even in the American
influence. There is not
department, But there is more doing than there has been on September 1):
1904-5.
1903-4.
1802-8.
1901-3.
And if the improvement continues in New York and Wheat Imported, owt. 82, 510,000 73,850.036 65,731,663 57,814.644
lately.
9,279,820 16,788,243 15,670.248 16,421,598
Imports Of flour
apprehension does not increase in Europe, business no doubt ">ales of home-grown. 13, 167, 712 15,964,406 21,318,091 21,732,180
assistance.

many

in

the

will steadily increase.

In Germany, likewise, things have been very quiet. The
German people are not disposed for war and do not believe
that their Government intends war. Still the controversy
with France is calculated to check business. Moreover, the
seriously strained relations between Austria and Hungary
calculated to check enterprise in Germany.
Em
are
peror Francis Joseph is an old man. He has had an anxious
and a trying life, and the present state of affairs in Hungary
must make blm very uneasy. It is universally believed that
both Russia and Germany hope to partition his empire between them, once he passes away. And the very faot makes
an impression upon the German markets. Lastly, the internal condition of Russia, which is so close a neighbor to Berlin, makes the Berlin Bourse sensitive.
Still, there is a hope,
ful feeling and the Boursa is believed to be thoroughly
sound,
Apart from the stock markets there are indications that
trade throughout the United Kingdom is improving. Moreover, the copious rains that have fallen during the month of
June, with high temperature, have greatly improved vegetation.
The hay crop is short, owing to the drought earlier in
the year, and it is being saved under unfavorable conditions,
But the pasturaee and the root crops are doing wonderfully
well.

alarm becomes aggravated

in France the French backs
are not expected to take much gold. Therefore] the greater
part of the metal which is offered in the open market here
will, it is thought, go into the Bank cf England, and during

the next few months the Bank ought very materially to increase its reserve. On the other hand speculation is held in
check by the political anxieties, and even investment is not

Trade, though improving, is not good enough
to draw heavily upon the banks, and consequently the
present prospect is that money will remain plentiful and

very active.

cheap for scm-? time.
The Iniia Council offered for tender on Wednesday 30 lacs
of drafts and the applications exceeded 284 lacs at prioes
ranging from Is. 4d. to Is. 4 l-16d. per rupee. Applicants for

and

bills at Is. 4d.

for telegraphic transfers at

Is.

4

per

1-32:1.

rupee were allotted about 8 per cent of the amounts applied
for.
Later in the day the Council made a special allotment
of 5 lacs of bills at Is. 4 l-32d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of dlsoount, the price of consols, &c,
compared with the last three years:
1805

June

1903.
24

190«.

June

21.

June

22.

26.

S
Circulation
Public deposit!
Otber deposit!
QoTernment securities

1M,687,80«

29.031.945
11.J87 U-.'j
40,398.»00
16,073,219

24.760.4i-6

27,*18.9<:4

3tt,bH0,918
51 1-18

23.461,095
35,i«y,iei
51 18-16

28,8518-8

2H

8

returns

30,360,115

3

9,10H,W

lS.'iei.Tll

Other securities
Beserre of notes and coin
Coin 4 bullion, both departm'ti
Prop reserve to liabilities, p. c.
Ban* rate
percent.
Consols. %% per cent

"•J
CleaxlnK-Uouse

28/83,870

28,922.216

41.742.045
16,171,319
2e,718,723
28,888.701

40.007,'J-3

90 9-16

37,708,683

43«

61&

90H

M^a.

»

91J*
itt^d
1C4,11W,000

X>9ia.

238,0j9,O00

12,9-<-,110

44.822,968
14,790.818
S5.au -Ml '2
^r,, 191 881
37,77fvW?d

187^0,000

96 in- 16
221.1151.000

The rates for money have been as follows:
'nuriil *IU«M*

0»«n Htrktl Rate*.
LrrA n

Bank
&

Mar
June

Mcntht.

2i-ie«2^

i«

2

7-«:l» Biiit.

.Still.

AfonUi

4

ror<l«»oi<<i*»

6

Month!

3

Moi.

4

.

'.

i

W

i-ie®?^

2

2 1-16

2 1-16

S

2

Uii'CH'i.

Join!
Stock St 7-14
Bsnki -«u Dayt

23

2H

2®3

2

18|2*
i

i5-ie<a2

I

2

1-16

2

~IH

IH

2H»8K

194

2

2KS

1-16®2H

-iH9'i\t

2M@2H

1H

1H
IN

2 1-16

2H«2*i 2V4a2«

IK

1*4

l

26s.
27s.

T his week-

Wheat
Flour, equal

.

Maize

95,968,412

27s. 6d.
25s. 10 4d

2d.

30s.
27s.

61.

of wheat, flour

fid.

Last week.
2,760,000
120,000
790,000

qrs... 2,930,000
to qrs. . 115,000
qrs... 820,000

and

1904.
3.935,000
160,000

8d.

1903.
1,880,000
255.000
285.000

805,000

English Financial markets— Per Cable.

The
.re

London.

Jfon.

26 7

8

Pr'oh rentes (In Paris) f r.

904
904
9880

Inaoonda Mining
;toh. Top. & Santa Fe.

86

Consols., new, 24 p. ots

For aoooont

Tuts.

Wed.

27ii 6

Sat.

per ounce.... d

Silver,

London
week ending July 7:

daily closing quotations for securities, etc., at

reported by cable as follows for the

27i l8

27

27

27

90S, 6

904
904

90l 16
903, a

904

9915

&

Preferred
Erie, common..........

2d preferred

105
11758

100

100

154%

Chic. Mil. & ttt. Paul...
Paoifio.
Chlo. Rook I.
Oen. & Rio Or., com....

1044
1174
1654

155%

54k
204
1814
304

54»8

99-174

874

116«8

Chesapeake <fe Ohio ....
Ohio. Great Western...

54
874

554

63a

1044

31
89

464
844
734

171
Central
Louisville & Nashville. 1534
Msxloan Central
22
Mo. Kan. & Tex., com.. 30
Preferred
65
Nat. RR. of Mex.,lst pf
37
N. Y. Cent. & Hudson.. 148
N. Y. Ontario & West.. 55
Norfolk & Western
87
Preferred
954
170
Northern Securities
Pennsylvania...
72
Illinois

Thurs.

90%

907 I0
99-20 99-30

100

Preferred
.
Baltimore & Ohio
Preferred
'Canadian Paoifio

54

204

54

182

30%
304

1174

100
156
55
21

100

1S34

185

483s

854
73%

48

854

89
48 7e

844

48%
84%
744

75

75

1714

1544

154
2a

1714
1524
224
304

1724
1534
224

664
374

22

29%

304

65

66

67

37

374

374
152%

153

150

554
884
954

55
88

954

544
884

47

46%
664
33%

Wabash
Preferred

"B"

Debenture
"

1014
194
404
75

154

544
884

96

96
171

47
47
67

64

73%
554

474

474
474

47

664
33%

33 78

1004

1C04
1324

30

171
73

171

46%

Preferred

32
89

171

47

324

554
204
324

1st preferred*

com..

1564

324
324
894

2d preferred*

J. 8. Steel Corp.,

54

874
105

116%

734
534

southern Paolflo
65 Ss
Southern Rallw., com.. 334
Preferred
100
Jnlon Paolflo
I305e
Preferred....
100

99 K5

32%
824
894

724
51%

& Reading *

Fri.

87
105

21
183

514

Phlla.

1004
13S4
1004

66^8

33%
1004
1344
1004

100

133
101

338s
1028s

103 »a

102%

1034

20

20

20

414

414
744

41

343s

194
414

33's

75

75

34

74

Price per share.

Commercial and l>Xi5ccUauco\is|lcxus
Bank Notes— Changes

in

Total

of,

and

in Deposited

Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for June, 1904, will be
found in the Chronicle of July 16, 1904, page 194.

1902.

June

7d.
6d.

The following shows the quantities
maize afloat to the United Kingdom:

1st preferred.........

Money is very abundant and appears likely to continue so
for the next couple of months. There has sprung up a demand for gold in the open market, ostensibly for France,
but it is believed by the well informed to be really for Italy.
Italy has made wonderful progress during the past few years.
Especially in the north of Italy trade is good, As a consequence the credit of Italy has immensely improved and the
paper money has even gone over par. Just now there is a
boom upon the Stock Exohange and the banks are strengthening their reserves. Still, it is not thought likely that the
Italian demand for gold will amount to very much, and unless

104,957,532 106,602,685 102,720,002

Total

wcr.prloewheat.week.3l8.
Average prloe, season. 30s.

Bonds and
Legal Tenders on Deposit
1904-05. for Bank Circulation.

Bonds.

9
June 30. 468,066,940
May 31. 461,150,290
Vpr 30. 452,855,790
Mar. 81. 449,00^,890
Feb. 28. 441,788,140
;vj. 31. 439,529,010
Deo. 81 433,928,140
Nov. 30. 431,075,840
Cot 81. 4*6.544,790
^ept 80. 424,701,490
A.ug. 31. 419,683,940
July 31. 417,577,550

For
Dec.

full

Legaltenders.

33,050,392
32,188,420
32,097,179
31,078,766

80333,756
31,614,952
32,952,371
32,731,570
32,750,919
34,064,693
35,136,478
35,181,732

Circulation Afloat Under
Legal-

Bonds.

tenders.

9
462,669,414
450,239,096
449,147,768
444,870,179
438,370,084
435,807,901
431,841,785
427,917,505
421,530,581
422,014,715
417,380,300
415,025.156

9
33,050,392
32.088.420
32,097,179
81,078,766
30,833,756
31,614,952
32,952,371
32,731,570
32,750,919
34,00
35,136,473
35,181.732
;

Total.

495,719,806
488,327,516
481,211,945
476,948,945
469,203,840
467,422,853
464.794,156
•160.679,075

457,281.500
456.079,408
4V2,rU6,778
450,206.888

explanation of the above table see Chronicle
page 1232, first item in Financial Situation.

14, 1901,

THE CHRONICLE.

13C

of each class of bonds

The following shows the amount

held against national bank circulation and to secure public
moneys in national bank depositories on Jutie 80.
0. 8.

Bonds Held June

Bondion Deposit

80, 1905, to Sieure-

30, 1905.

Bank
Circulation.

5 p. OtB., 1894, due 1904
4 per ots., funded 1907.
4 p. ots., 1895, dae 1925
8 p. jtB.,'98, due 1908-1?
2 p ots., 1900 due 1930.
8-65sDiBt. Ool., 1924...

f 100,000
9,605,900
6.069,200
6,953,800
47,254,550
1,652,000
375.00C

& City

State

Hawaiian Island bonds.
Philippine Loan
....
Railroad and other b'ds.

$468,066,940 $548,471,890

$80,404,950

Corn.

Chicago

100,483
68,725

Milwaukee

88,000

Rye.

Barley.

Oats.

BbU.lWilbs Bush.00V,s Bush.E6ib» Bush 32

$100,000
22,513.450
10,160,700
10,328.240
494,948,000
1,652,000
375,000
942,000
4,361,000
3,091,500

942,000
4,361,000
3,091,500

Wheat.

Flour.

Total Held.

$12,907,550
4,091,500
3,374,440
447,693,450

Brought from Page 166.— The

Figures

Breadstuff's

LXX3L

statements below are prepared by na from figures collected
by the New York Produce Exchange.
The receipts at
Western lake and river ports for the week ending July 1
and since Ang. 1, for each of the last three years have been:
Receipt* at—

Public Deposit*

in Banks.

June

[VCL.

lbs

Bush. 18

lbs

Bu. 68

lbs.

1.154.30C

8,921.300,

284,800,

16.C00
7,200

9*800

135.860

44.692

4T.5O0

154,000

80,190'

501

144,000

8,960

f

Daluth
Minneapolis
Toledo

96,000

01. 25

863 320*

48,950

430.720

1B,900!

Detroit

228,000

211.401

10,800

321.809.

73.80C

6,190;

132,985

5,800

Cleveland
St. Louli
Peoria

5'

34.830

260.297

338.168
318.000

11,800

8,200j

270,000

.

1.865J

1

. .

2,733

257,860

1,800

11.7C0

162,401
1

Kansas City

336.000

34,800

1,708,962

6,829,723

87.C02

2.768.504|

2 801,597
1,975 202

585,910

1.552.731

860.653

1,413,552'

3,227,749

8,188.430

373,953

40,379
82,109

16,813.694 198,022,282 177,638.956 163,742.908
18,001.912 209.436 .399162,677,151 160.783.460
X9.028.703 295.875,235 154.703,983 177.949,428

e4,060,354
84.2*4.363
54 555,111

280,000

Tot.wk. 1906

802,338
226 833

dame wk. '01
Same wk. '03

J

288.205

Sine* Auq. 1

The foregoing does not include the bonds held in the
New York Sub-Treasury against deposits in banks. There
were so held on June 30 $5,850,000 bonds, making the
whole amount at that date in possession of the Government
as security for deposits 186,254,950.

1904-6

1903-4
1902-3

The following shows the amount of national bank notes
Receipts
and the amount of the legal-tender deposits June 1 New York. at—
...
and July 1, and their increase or decrease during the
month of June.

Amount bank sotes

$488,327,516

afloat July 1, 1905.

bank notes July

$32,089,420

961,972

to redeem national
1905....

$33,050,392

1,

The portion of legal tenders deposited (1) by banks become
ing insolvent, (2) by banks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
was as follows on the first of each of the last five months.

*

177.933
220,670

Mar.

Apr.

1.

May

1.

1.

June

July

1.

1.

a
Deposits by—
S
$
9
9
tnaolv'ntbkB.
127,354
257,832
206,189
161.139
188,607
Llquld'g bks. 13,466,957 13.957.63S 14,407,761 14,185,059 15,713,001
ffied'o'gund."

act of 1874. 17,108,967 16,932,524 17,562,064 17,697,172 17,176,252

Total

30.833.75t 31,078.766 32,097,17ft 32,088,420 33,050,392

of

Per
When
Cent Payablt

Company.

Railroads (8team).
Bangor <fe Aroostook
Rock Island Co., pref. (qnar.)
•Street Railways.
Dayton & Troy Electric (quar.)
Dayton & West. Trac, com. (quar.)...
do
do
do
pref. (quar.)...
Georgia Ry. & Eleo., pref. (quar.)
Railways & Light Co. of America

1

Aug

J'ly 16

to

J'ly 16

1

J'ly
J'ly
J'ly
J'ly
J'ly

J'ly 15
J'ly
6

to
to

J'ly
J'ly

b

e

Colonial
Fifth National (No. 123)
First National (qnar )

6

6
6
4

Liberty National (quar.)

North

8'de,

Brooklyn

Riverside (qnar.)
Miscellaneous.
American Smelters' Seour pref. "A".
Claflin, H. B., com. (quar.)
,

Electrio Co. of America

Harbison- Walker Refractories,pf.(qu.)
Hudson River Telephone (quar.)
Omaha Water. 1st pre!
Standard Underground Cable (quar.)..
United States Rubber, pref. (quar.)...

Westinghouae Machine (qu) (No.
*

Transfer books not closed.
interest or record J'ly 21.

t

3
2

J'ly
J'ly
J'ly
J'ly
J'ly
J'ly
J'ly

Oats
Barley

Rye

J'ly
J'ly
2
3>a J'ly
1
J'ly
J'ly
2"2 Aug
3
J'ly

Holders
Holders
Holders
J'ne 21
J'ly

1

of rec. J'ly
of reo. J'ne
of rec. J'ne

1

26
30
J'ly 4

to
to

J'ly

88,430,660

Wheat,

Flour,

Corn,
bush.
574,971

46,833

148.311
222.956
'8,079

Me.

Portland,

13,338
21,525
3.644

2

Aug
J'ly

8

Holders
Holders
J'ly

6

J'ly
J'ly
J'ly

5

to
of rec.
of reo.
to

J'ly 16
J'ly 20
J'ly 10
J'ly 16

t

26
1

to
to
to

J'ly 10

Angle
J'ly

10

Bonds.
$8,500 Snsq. 8team Lumb.

&

Lath Mills & Lumb. Drying
Co.; 7s, Mar., 1869, oou.*on.$5 lot
$8,000 Chippewa Vail. Eleo.
RR. Co. Temporary 5s... $15 lot
$4,000 Day. Leb.
Cln. RR.
Co. 1st 8. f. 5s, 1921
20
$20,000 Columb. Gas Co. 1st

&

68,1932
91
$3,000 Hndeon Vall'y Ry. Co.
1st Consol. 6s, 1951. .50^ <fe int.

& Co,:

& Manufacturers' Supply Co

$50 each. 84

Peas,
bush.
2,350

"l.l32
'

'26,476

150

"i',582

2,400

'i7.886

8,173

101.129

133,053
12,900

"5,910
1,635

*'l,506

225,283 1,191 156
370,342
542.129

K2610

4^,884

1.2J0

b7,9*S
8,498

3.700
27.327

week and

since

Flour.
Wheat.
Corn.
Week Since July
Exports for
Week
Since July
Week Since July
June 30
1, 1904.
1. 1904.
June 30
1, 1901.
week ana since June 30.
bbts.
bush.
bush.
bush.
bbls.
bush.
July 1 to—
34,590 3,019.4*0
423.W29 86.976.609
223,8t3 12.5i2.25r1
United Kingdom.
21,747 1,183.970
713.621 44,1«5,639
Continent
1,368,087
20.7( 8
7s0,47l
9.9.6
638,;'87
2,400
5.760
S. & C. America..
,

Br.

N.Am,

,

,

,

1,072,883
113,379
328,941

87.426
6,004
2,180

53,114

225.233
370,812

102.610 6.452.123
137,553 14,517,708

13 983.197
60,927,831

1,322.783
170.059
95,230

83.396 712
56.392 429

1,191,156

542.129

The visible supply of grain, comprising the stocfis in
granary at the principal points of accumulation at lake and
seaboard ports, July 1, 1905, was as follows
:

Wheat,

Pniladelphia
Baltimore
New Orleans

Galveston
Montreal
Toronto

Do

'46,000
2M,000

19,000
161,000
18,000
7e8,000

24.000
46,000
'

Oats,
bush.
873,000
'58.000
112,000
110,000
36,000

.

bush.
66,000

11,000

11,000

64,000

2'04.0CO

336,000

48,000
,181,000

414,000
2,000

887,000

afloat
'

41,000

269,000

381,000

194,006

132,000

"1,006

4,(X)6

579,000

Detroit

Do

288,006

821,000

'70,000

bod

187,000

'

19,000

'96,000

661,000

ii'o',600'

iEe.bbo

29,000
16,000

1,648.000
303.000

afloat

Do

1,000

afloat

Milwaukee

Do

818,000

'

41"

afloat

Fort William
Port Arthur
Duluth

Do

2,529,000
716,000
723,000

afloat

Minneapolis

6,024,000
1,169,000

St. I>ouls

'

21,b'66

1,000

179,000
8,000

afloat
*

KansasCity

311,000

Peoria
Indianapolis

11,000

96,000
85,000
159,000

46,000
176,000
26,000

218,000
4o,o00

1,815.000
26,000

823,000
171,000
7,267,000
6,850,000
1,316.000
4,3o4.000
1,181,000

On Mississippi Riv
On Lakes
On canal and river
Total
Total
Total
Total
Total

Barley

Rys,
bush.
147,000

afloat

Chicago

Do

bush.
51,000

96,000
4,000
115,000

Boston

Corn

bush.
281,000

—

store at

New York
afloat
Do

Buffalo
of bene-

Barley,
bush.
87,983

867

Toledo

Stocks.

Rye,
bush.

200

Newp'rt News

In
J'ly

Oats,
bush.
17,980

bbls.

104,964

Boston
Philadelphia
Baltimore

2

Auctlon Sales.—Among other securities the following not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Mailer & Son:

Bottlers'

143,715,645

Exports from— bush.
13.800
New York

Do

20

75,742.099

Tne exports from the several seaboard ports for the week
ending July 1, 1905, are shown in the annexed statement:

Total
Total 1903-04,....

Payable to holders of certificates

Messrs. R. V. Harnett

£3,192,354
10,434.9 6
21,758,H04
1,489,181
1,005,502

9

flcial

By

48,778.147
62,904.698
27,048,297
2,144,9^5
2,839,220

Holders of reo. J'ne 30*

1

39)..

25 First Nat. Bank of
Brooklyn
...385
8 First Nat. Bank..
...740
1,000 Ausabie Ranch & Develop'! Co.$10 each $10 lot
12 Farmers' Loan <fe Trust
Co
1470
123 Locke Mfg. Co
$5 lot
20 Manhattan Life In. Co. 420
17 Fraser & Qeyer Co.,
2d pref
.$5 lot

21.565,051
30,666,579
21.1CK,207
1,806,610
612,652

376

J'ne 30

compare as
1902.
10,186,343

X3,70o
1.489

to

Orleans for foreign

10,502,732

Colo's

J'ne 22

New

2.900
4,154

136.662
32,666

bush. 98,670,328

Wheat
Corn

West Indies

Banks.
Chase National

911,398
996.689

9,555,557

Other countries.

20

66.868

6,087,037

bbls.

.

J'ly

1

861.849
686,129

137.553
92.511
Same time '04.
The destination of these exports for the
July 1, 1904, is as below:

Books Closed.
(Days Inclusivs.)

'

1,600

bush. 11,179,795
bush. 59.fll.l62
bush. 23,463,474
bush. 1.019.S55
19o>43
bush.

Flour

Montreal..
Mobile. ...

2

1\
H,

'82.035

Total receipts at ports from Jan. 1 to July 1
follows for four years:
1905.
1903.
1004.
Receipts of—

Total week..

Nam*

812,698
514,173

Galveston

SI71ABN08.

2,000

900

i 83,751

Beoeipti do not Include grain panic* through
rough bills of lading.

New Orleans..

*Aotof June 20, 1874. and July 12. 1882.

Rye
bush.

eorta onto

Total grain

Legal lend's

Barley,
bush.
70.700
ICO

....

204.989
12,900

378.149

8,325
1.625

....

Total week..

189.623
50.453
24,232

Oats,
bush.

37a 600

54.680

8.80

7,392,290

$2,495,157
1,533,185

9,980,693

357

.

$495,719,806

117,265

176,137
28,016
39,532

104.964
3.410
69.619
21,766

30,053

Newport Newt. .„.-

Corn,
bush.
816,050
31.048

bush.
26,000

71.888

7,937

#12,789,128
5,396,833

Legal Tender Notes—
Amount on deposit to redeem national
bank notes June 1, 1905
Amount deposited during June
Amt. of bante notes redeemed in June

Amount on deposit

Wheat,

.Flour,
bbls.
...

1,100

Amount afloat June 1, 1905
Amount Issued during June
Amount retired during June

7,520,981

Total receipts of flour and grain at the seaboard ports for
the week ended July 1, 1905, follow:

afloat

National Bank Notes— Total afloat—

6,510,913

July

June
July
July
July

.

1,1905.14,228,000

3,570,000

24, 1906.15.3t8,000

12,908,000

1904.11.065,000
1908. 16,970,000
5,1908.19,182,000

7,a 18.000

2,
1,

6,277,000
6,913,000

2,000

24,000

9,000

100,000

f'O-.OOO

870,000
873,000

837,000
8t6,000
679,000
316,000

1,823,000

446,000
103,000

July

1
9

1

.

2
(

1905.

8,

CHRONICLE.

Till:

|

Banks.—Statement

>'ew York City Clearing House
condition for the week ending July
age of daily results.
Wa omit two ciphers COO) in

1905, based

1,

all

of

on aver-

Loans.

Surplus

Capital.

City. Boston and Philadelphia Banks.—Below
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 Qon-membex banks.

a summary

cas.-j.

ii

specie.

,

.(

i>n>) (n <ui these tlgurt*

omit two oiphtri
Specie.

Loans.

BANKS surplus

AY-

l /),-,,

137

Now York

is

Capital

BANKS.

1

.

Legal*

posits.

lation.

ings.

l

[lifted.

<

Sk. or n\ t.

Manhar. Co
Merchants'
Mechanics'.
America. ...

Phvmx
City
Chenuc.il

..

Merch. Fx

.

Ci.lll.lt ill

8,604,8
2 ;.:> -

Hrov

Commerce..

218,8
1 7,480.
7,688,7
";

366,8
2,284,4

6,0OO.(i

25,000,0
3,000.0
422,7
450,0

But.

A-

Mercantile
Pacific

Chathiiiu
People' >

...
...

N. America

Hanover

...

Citizens'

..

1

Mar..« Fult
.

Oriental

Imp. &
Park

...

Trait

Fourth
Second
Fir.-t

9 61. 6

51,135.:!

-

1,000,0
l.ooo.n
2,000,0
750,0
1.500.(1

1.519,4
15,9 1..
883,1
1

N. Y. Co...

1,000,0
260,0
200,0

FUth Ave ..
German Ei.

1,000,0
100,0
200,0

540,4
4,309,6
1,769,5
728,6

200,0
300,0

1,42\0

Bowery

...

Am

German

Genn.inia

771,0
7 -.9.5

75(i.O

..

side..

Seaboard ..
lstN.Sklyn

of -Met..

West

Liberty

N. Y.

New

Pr.

En

Aiust.

Astor
Total

...

69,1

9,616,2
2,910.0
2,723,2
14,180,5
7,628,6
2,701,7
9.314,5
3.953,0
15,010.0
4.003,0
11,427.5
5,188,0
6,039,5
4,483,0

418,6
1,481,1

059,6
1,471.9
625,3
2,038,0
481,6
580,9
594.0

l.ooo.o
1,000,0
500,0
350.0

1.'.'

j.,.

2,8i

618.0

6,078,(

311,
1,910.3

4, 128.'.

13, 7: '.0.1

1

24-4
22*2

23,457,7 -7o
160,400,9 25-4

13,8

18. 717. s JO'O
211
4,01.7.

1,005,5
60
2,080,2
6,218,8
473,9
1,803.6

6,352,i 35 U
., 1
2,759,
I4,830,i :.. 3
24-9
60,062,
7.117.1 Ul-3
19,410,4 .:. 2

1,

108,3
l

1

.

i

473..:

4,078,6

20 7,3

1,668,7 26-8
24.887,1 _'...
10,437,0 23
96,139,0
8,687,6 J.i'O
3,820,0 20-8
6.169,8
3,799,3

197,1
1,854.0
412,o

24-6

54,8
10,487,:

795.0
748.4
3,122,0
280,8
114.9
821.8

26

-

4,067.8 24-9
5.031,> 21'..>

15,834 .1
7.0.

....

2,817,2
11,084,1
4,793,0
17,868,0
5,559,0
9,922,6

343,
1,659,0
1,122,0

250,0
441,7
531,9
200,0

5,9

i

•..

_.."J

33-1
:..''.
•J.

i'9

7,339,1 23-4
4,285,0 23-4

t

—The

following

the

is

statement of condition of the non-member banks for the
week ending July 1, 1905, based on average of daily results.
We omit two ciphers (00)

1

1

;."»,.".

11208690

21 1,7

192 125,0
42,139,6 192,
(12,189,6 192,752,0

.I'lle'Jl

J'ly
IMiiln.
J' lie 17
J'llCJI
J'ly i
l

102848

1

1,444,441,1
18,000,7 1,375.089, 1
18,538,8 1,775,668,3

1679:

i

i

88,424,8

I.I

I

1.17 '.018. il

I

1

18,001,0

0.212,1 .".v..': 1,0
6,207.1 226,394,0

18,251,0

6,193,0

L7,667,(

47,060,0 221,645,0
47,960,0 221,832,0
47,960,0 -'21.000.0

7,673,0

l

147,677,8
16,451,8
l

281,246,0 12,764,0
261,59 ,0 2,79s, u
261,926,0 L2.816.0

65,340,0
64,618,0
84,725,0

BANKS.

Capi-

Bur-

00s omitted.

tal.

plus.

;

—

Imports and Exports for the Week. Tho following are
the imports at New York for the week ending for dry goods
June 29 and for the week ending for general merchandise
June 30 also totals since beginning first week January.
;

FOREIGN IMPORTS.
1905.

For week.

1903.

1904.

Since Jan.

$1,937,740
7,935.90

$2,129,585

$11,485,265

$9,873,710

$11,384,771

$71,083,218
287,571,195

61,016,631
241,870,529

General Merohandisi

weeks

$08,74o.!i

Chelsea Ex.
Colonial

Columbia

..

The imports 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 3, and from January 1 to date.
in

NEW YORK

EXPORTS FROM

FOR THE WEEK.

1905.

1904.

$10,742,090
257,492,794

For the week
Previously reported..

$10,746,203
234,017,077

1903.

$6,560,345*

250,961,609

238,362,164

$208,234,890 $244,703,340 $259,723,278 $244,912,503
Note.— As the figures of exports as reported by tho New York Custom
House from week to week frequently show divergence from tho monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported.".

The following table shows the exports and imports of
specie at the port of New York for the week ending July 1'
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.

NEW YORK

EXPORTS AND IMPORTS OF SPECIE AT

Net

Notes.

Clear' y

Deposits

Other

Agent. Bks.&c

S
100,0

146,5
68,0
67.6
291.9
307,4

l'lll.l.

100,0
100,0
300,0
1

,0S 5.

126,0

Uth-treet.
Hamilton ..

19th Ward
Plaza
Riverside ..

s
752,5
871,.
635,5
3,468,5
5,872,0

Great Britain
France...

818,4
4,409,8
4,356,3
2,977,2

200,0

3,322,3

100,0

203,8
265,5
107,2

8,311.0
1,506,2

13:-f.o

2 097,1

400,0

.

2 666,1

1 01

Union

750,0

.

t.xc;,

P.i

i

Nat l.OOO.o

116,8
577.1
103,0
302,3
212,7

llle ..

100.0

ileei.

200,0

205,0

...

200,0

-

i

29S.O

'.'05,0

21
184,9
119,0

40,9
39,0
266,1
216,5

'-'7.1

8,7

153,1
23,4
26,5

129,0

126,0
113,2
1*16,2

197,2
114,0

128,9
50,0
46.8

6 022,9

V
910.4

-'..'

1

450,0
436,6

3,0

3,924,4
0,303,0

175,0

2,320,1

iio'o
310,0
91,6

5,190,2

35...

68,8

403,3
93,1

502,4
434,1
200,9
408,.

19,5

5.-7.0

174,8

346,0

186,0
861,4

165,:

109.5

235,7

17:;.'..

49.:;

12,5

647,

110,0
286,6

4

1

,8

30.4

33,0
1

Ml:

1,806,1

..

l

2.12 1,7
7,191,3
1.211,8

74,9

177,5
168,0

706,1
40,'

,

56.0
82,6

Nat

300.U

-

3,488 U

.'

Yard

114,3

5.",.;...

227,0
145,0

812,0

515.'

11 1,0

165

-

.

I

•"•

1

17.0

2,1

1

VG'ITY
Nat...

1.118,7

171,1

321,8 1.791

!

Nat

122,4
301,4

89,1

77o,8

613.'

5,874,8

11".'

148,6

33.2

J

12 o.i

Tot.J'ly

1

Tot. J'Lt.-l
Tou j nell

11''.

o.

5

7" 134 190 1231076 5.378,o 0,764.1

134490 1224178

350

7.257

3,207

13,329

$27,032

$1,733,257
161

1,982

893.359

77.740

—See page preceding.

'1403901

ixxxtl

I7 iuaucUtl.

monthly descriptive circulars
banking bu

liness

,

CO.,

mi

of high-grade bonds;

trai

O.Tice,

Albany, N.Y.

Now

;

al

o

In

William and

Moffat

40.1

2,101,6

HOBOKKK.
N'at...
..lN'at

687,499

the financial marki
oitiee.
We havi
undents or special representatives in
of the large cities east of the Mi il sippi River.

214.9
57,1

200,0

1,108.18.-,

"7i50o

INVESTMENT BANKERS.

Branch
id

46,923
564,471

823
"

$500,414 $16,088,416
21,4 16,262
699,855
16,929.127
462,345

York Stock Exi

Nai
Third

$29
20

SPENCER TRASK &
•up
eral

47,.

1.481,2

$5,919,950
6,289,133
3,583,900

Of the above imports for the week in 1905, §5,450 were
American gold coin and $3,207 American silver coin. Of the
exports during the same time, $29,183 were American
gold coin and $7,500 were American silver coin.

1.2

3.02 1.5

102,0

38,804
119,110

$14,751,411
538,335
12,892
4SO
91,022

All other countries

I

.

.

373,150
92,507
791,919
65.316

1,959

$ 4 35,084

itauTitug

199,

-

Unioi
.out

.$7,409

Mexico
South America

i

1,826

100,0

-

$5,450

63,000

'

Peopli

6,099,776
63,300
7,25o,ooo
3,000

France

421,0

12.4
l

$330,922
4,266,136

24,232,427

$3,367,057 $36,050,003
31.300
64,4 17,666
3,000
25,320,233

Total 1905
Total 1904
Total 1903
8i!vcr.
Great Britain

446,2
318,3

LO.102,1

1.

2.278.7

227..

L,l

:.;

.\;c.

-.'

Since Jan.

.$1,500

Auction Sales.

Bn». klvu

Week.

$3,332,874

Total 1905
Total 1904
Total 1903

io/..~

187,0 1,504,0

;

502,2
1,178,4

2,938,0
3,762,0

Bor',>
:-'ll

1.

,

Germany
West Indies...
]

261,0
190,0

106,'.

•J

054,8
802,1

120,2
41
169,9

13,1

522,0
39,0

...

2
-

79,4

30,4
27,8
36,0
272,3

11,9
2 7,5

53,1

-

12lh War.-.
Vara..
i

Since Jan.

$

$

8,81 d,2

00,8
13". 7
366,*
125,7
24 4.1

Mt. Morris

Mutual

Week.

IMPORTS.

24,183

Fide Lily

..

1902.

.+8.701,059

Total 26 weeks

Mexico

Consol. Nat.

Jetter-'.n

$02,45 1,931
210,435.147

;.

234,968,202

$358,654,413 $302,887,160 $303,709,138 $278,890,081

Gold.

M. Y. CITY.
Borovjhsoi

Man&Br'nx

9.255,18(1

1

1.

Dry Goods
Total 26

$2,013,755
9,471.510

$10,996,507

Germany

Wash. Hgts
Century ...

1902.

$2,ooo.5!9
8,995.988

Total

Deposit with

&Jlank

ments.

l".

l

including 'or Boston and Philadelphia the Item "due toother banks,"
and also Government deposits. Fur Buxton those Government deposits
amounted on July 1 to $1,697,000 on June 24 to $ 1,719,000.
t

in all cases.
Leg. I.

Specie

Invest-

130,180,0
125,487,1

1

EXPORTS.

Loans d

120,7

32,501,0

JoS

115,972,7 139,492,8 1120*090 214.744,1 88,424,5 11660389 25-9

Reports of Non-Member Banks.

Boa.
J'nel7

5,

24'8
24'9
24-3
24-4

Total United States deposits included, $12,387,400.

t

J'ly

j.".

1

General Merchandise

21,480,0 26 3
85,645,0 .O'.i

2,553,4
1,7-7.0
2,453,9
517,3
307,0
526,4

S-28,0

1

.

9,887,1

1.43S,

2,905,0
719,0
2,296,9
1,105,8
1,192,8
805,0

1

9,915.5 J31
37,816,0 J..1

6,345,0

1,880,9

48

j'neio 25 1,920.;; 10896209 "05. 192,7
J'nel7 1*65, 165,5 L1048609 205,867, 86,423,3
.I'm -2
265, L65,fl i L02812' 21 4,309,0 87.12 l,.

._,,._,

7,271,"

638,3
445.9
4,238,0
464,0

1,052,8
090,4
11,584,0
2, 2 9 2.
-20,0
462,7
871,8
1,617,5
588,5

3.997.4

1,287.,

500,0
300.0

Bk.

'

188,0

4.7J

47,00

876,8

1,000,0
250.U
1,000,0
200,0

GarrieUl
Fifth

•')

1,079,0
3,102.0
352,4
1,451,5
1, 845,
5,255,0
2,634, .)
4,236.0
10,260.0
214,3
3,808,5
010,0
23,060,6
1,712,1

LI 9,0
3,(115.9

'-'

<

9,757.'-

7.657,0
15.713.4
3,303,4
7.070.4
7,312,3
80,663,0
8,440.0
23,928,0
73. 615.0
1,301.9
21.727.1
9,951,0
101.293,1
8,938,0
8,330,0

17,857,0 27-7
30,920,0 31

,

04 4,1
147,8
1,070,1

6,

300.0
10,000,0

N.Y.Nt.Ex.

2,283,9
16,9

P.O.

1,660,0
18,
2,744,0 25,0
2.179.1
25,936,9 J -9
279,0
1,154.0 i ; o
•.•.:>
9,648,4 186,5
1,868,1
23,608,3 28
606,2
1
6,813,1 2
570.2
7,307.2 JO 9

41 1.9

0,2 25.5

B2,U

1,1

5,061,6
S14.0
87,674,4
4,923,7
1,241,5
1,402.2
689,9
871,0
014.S
4,442,2
24,689,2
3,470.1

1,088,5
034.4
315.2
1,385,8
420,1
3,301,0
1.114.7
6,718,9
7,324.7

3,0no.o
250,0
3,000.0

East River

8,8

1,045,5
429,7
2,021,8

50(i.o

Shoe A: l.thr.
Corn Bxch

1

*

'-'.'-'50.0

169,0

'.'O.o
372,8
4,280,8
66 1,8
4,260,8 29,248,1
12.113,0 161.791,1
4,371.8 22,069,4
3.507.i;
680,4

200,
2,000,0
3.000,0
1,000,0
550,0

a

1.009.7

1

TOn.O
600,0

Anier. Bxch.

21.7m'.
23,190.8
4,970,0
190,202,0
24,354,2
8,017,7
8,036 6
2,086,6

300,1'

Mech.A I'm.
Greenwich

842.0

8, 168,4
3,847,1

2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
26.000,0
300,0
600,0
1,000,0

$

$
8,117.0
7,416,0
8,06 1,9

$
18.000,0

#

I
'J.1'00,0

&

IMiic Sti.,

New

kdlng

many
York.

White,

Member! New York StorU Kxi'hnnar,
11A.NOVKK HANK BUI r.I'l N'J.
NASSAU ST UK FT,
Dealer! In Investment Sceuritlce.
-

COMMISSION ORDERS EXECUTED

jKOIt

CASH ONLT.

THE CHRONICLE.

138

%zm\izx% 7
n

(&<izzilz.

---»-- jia» »»-»«.».

t^f for Dividends see page

rj6.

WALL. HTREET, FRIDAY, JULY 7, 1903.-5 P.M.
The Money Market and Financial Situation.—There has
been more activity in Stock Exchange circles this week than
for some time past, or than is usual at this season, and the
tendency of prices has generally been towards a higher level.
These facts apply more particularly to the shares depart
ment, however, as the investment demand for bonds which
was expected to follow the July 1st disbursements is not
yet in evidence. No doubt this demand will develop later.
In the meantime the outlook for the future, as viewed from
the floor of the Exchange, is such as to stimulate a feeling of
optimism that finds expression in the higher level of prices
noted above. Among the features of this outlook worthy of
note are the favorable reports of railwav earnings in several
important cases and the large contracts recently placed for
Wheat prospects are regarded as less unfavorasteel rails.
ble than they were last week, at least there has been some
reaction from recent high quotations for that cereal. On
the other hand cotton has continued to advance, the upward
movement apparently receiving its only check from profit
•

taking

sales.

The engagements of gold for export amount to only
and money market rates have been generally

$1,000,000

steady throughout the week.

The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to S% p. c. To-day's rates on call were 2%@3 p. c.
Prime commercial paper quoted at 4@4j^ p. c. for endorsements and 4@4J4 p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £586,999 and the percentage of reserve to liabilities was 42'65, against 46'19 last week,
the discount rate remaining unchanged at 2% per cent. The
Bank of France shows an increase of 5,750,000 francs in
gold.

HEW TOHK

Differences

from
previous week

1904
July 2

1903
July 3
$
109,822,700
129,059,800
917,444,200
43,909,100
903,892,900
159,302,300
75,048,600

Beserveheld

234,350,900
225,973,225

&

25

p. c. of deposits

303,168,600 Inc
291,509,725 Inc

1,375,700
4,811,500

324,352,500
288,247,200

issues more than to a general investment demand. JaDanese
issues have been in favor and taken in large blocks. Colorado
Industrials have also been in request and advanced about 3
points.
The American Tobacco issues have been strong
features, closing about a point higher than last week
on
limited transactions. Pennsylvania convertible 3%s moved
up a point and Union Pacific convertible 4s advanced in
sympathy with the shares. The Rock Island issues have
been active, with an upward tendency. Otherwise the active
list

has generally been steady.

United States Bonds.— Sales of Government Bonds at the
Board are limited to $2,500 3s, reg., 1908-18, at 103%. The
following are the daily closing quotations; for yearly range
see third page following,
July

July
3

'104

Interest

'104
'104

Periods

1930
1980

2s,

Q— Ian
—Jan

registered
couponl Q

2s,
2s, 1930, smaU.registered
2s, 1930, small
couponl

'asl04

July
4

July
5

July
6

104
104

•103'8
*103*6

July
7
1037,
103'e

1

Q—Feb
Q—Feb
1818, small.registeredi Q— Feb
3s, 1918, small
coupon Q— Feb
4s, 1907
registered Q —Jan
4s, 1907
coupon Q —Jan
4s, 1925
registered Q— Feb
1918
1918

3s,
3s,
3s,

4s.
*

1925
This

*103i4 *103i4
*104
'104

registered
coupon'

O

*ib»">s

O

•104
*a;104

*132

•104
"104
•132

103^ -IO3I4 •103"4
•i'0'3"

JOS*"

•104

104

*104

*104

'104
•104
»104
'132
•132
•132
13212 *132i2 -132 4

coupon! Q —Feb •132^ •132V2

is

•104

'104

the price bid at the morning board; no sale

waB made.

—

Railroad and Miscellaneous Stocks. The stock market
has had a buoyant tone throughout the week. The volume
of business is larger and prices are an average of from 2 to
3 points higher for nearly all active issues.
Reading has continued to be the leading feature, the transactions in it on Thursday aggregating nearly 200,000 shares,
and the price steadily advanced from below par to 108%.
Union Pacific has also been conspicuous for activity and sold
over 4 points above last week's closing price. North West,
advanced over 6 points and has retained about half of the
gain.
"York Central, when at its highest, near which it

New

showed a gain within the week of almost 5 points.
the other hand Louisville & Nashville and Metropolitan
Securities have shown a tendency to weakness.
No unusual interest has been shown in miscellaneous
issues and there are few exceptional features in this group.
The iron and steel stocks have been notably strong. Tennessee Coal & Iron advanced nearly 10 points and reacted
moderately.
United States Steel preferred and Colorado
Fuel & Iron have sold 3% points above last week's closing
price. Steel common is nearly 3 points higher. United States
Rubber has been conspicuously active and strong.
For daily volume of business see page 148.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.

On

$
$
$
115,972,700
115,972,700
139,492,800
134,323,400
Loans discounts 1,120,869,000 Tnc 18,056,300 1,075,031,500
48,5:-S6,800 Inc
Circulation
476,100
39,209,600
* 1,1 66,038,900 Inc 19,246,000 1,152,988,800
Specie..
214,744,100 Inc
374,500 239,371,800
.......
Legal tenders
88,424,500 Inc 1,001,200
84,980,700
Capital ............

lxxxl

closes,

CITY CLEARING-HOUSE BANKS.

1905
July 1

[Vol.

36,105,300
Surplus reserve
11,658,875 Inc 3,435,800
8,377,675
United States deposits included, against $12,643,400 last
week and $23,246,600 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $14,755,725 on
July 1 and $18,255,525 on June 24.
Note. Beturns of separate banks appear on the preceding page.
* $12,387,400

—

Foreign Exchange.—The foreign exchange market was
dull and without special feature this week, with the exception of a decline in cables; gold exports to Paris, $1,004,099.
To-day's (Friday's) nominal rates for sterling exchange
were 4 86 for sixty day and 4 88 for sight. To-day's
(Friday's) actual rates for sterling exchange were 4 8525
and 4 8715®
4 8530
for long,
4 8695@4 87 for short
4 8725 for cables. Commercial on banks, 4 8495@4 8505, and
documents for payment, 4 84J£@4 85 J^. Cotton for payment,
4 8425@4 8430
cotton for acceptance, 4 8495@4 8505, and
grain for payment, 4 8520@4 8525.

STOCKS
Week Ending July

?

Ohio Burl & Quincy
Del & Hudson lights
Det Sou Trust Co certfe.
Ft
& Denv C, stmpd..
Oeneral Chemical........
Havana Eleo By

W

Preferred

Sales
for
1
40,914

NY

Dock Co
Rome Water & Ogdensb.
Twin City B T rights
U 8 Leather
Preferred

201

J'ly

100 11 way
116 74 J'ly
100 62 > J'ly
200 15«8J'ly
800 63 J'ly
600 46 J'ly

Keokuk & Des Mo, pref.
8,100
Knick Ioe (Chicago)
Preferred

Mange for week

Range

sine* Jan. 1.

Week

24Wly

200 731*1'^
2ao 28 J'ly
10 187 J'ly
300
"8 J'ly
400 12<Wly
5501 108

viy

201

J'ly

li* J'ly
11 is J'ly
74 J'ly
62 4 J'ly

16 J'ly
es^J'iy
60 J'ly
29a8J1y
74 J'ly
28 J'ly
187

6 201
1
1

7
7
8
3

7
7
6

J'ly

HJ'ne

7

8

J'ne

260 Jan

lWiy

lmj'ly

44 Jan
J'ly
66 Mar 62iaJ'ly
15 Apr 17 Apr
60 J'ne 65 >« J'ly
40 May 62>*Mar
10 Jan 29Wly
60 Jan 76 Apr
SliaMay 28 J'ly
7'4

J'ly 1 13614 J'ne 137 J'ly
•eJTy 3
13%J'ly 6 11 Apr 14 =8 Jan
109 J'ly 6 lOOTgJan lOBiaMar

Wne

Wne

;

Outside Market.— Trading ia the market for unlisted seweek has been favorably influenced by the
strength on the Stock Exchange. The volume of business
has increased, and, with few exceptions, values have moved
to a higher level. The International Mercantile Marine issues experienced a more active market than for some time
past, and both the common and preferred shares made substantial gains ; the common rose from 10% to 13%, while
the preferred ran up from 26% to 31%. The Electric VehiShort.-Long.-Cables.Sterling Actual—
cle issues were also unusually active and strong ; the comHigh.... 4 8525
® 4 8535
@ 4 8705
4 87
4 8730 @ 4 8740
mon gained 5 points to 22 and the preferred advanced from
® 4 8530
Low
4 8525
4 8695 -2> 4 87
4 8710 @ 4 8720
21 to 528% there is talk of a reorganization of this company,
Paris Bankers' Francs—
but no official confirmation has been made. On transacHigh.... 5 181s
@ 5 17ia*
® 5 16>4
tions aggregating about 3,100 shares the price of Northern
Low
'a> blSH
@ 6I6I4
6 18V
Germany Bankers' Marks—
Securities stock moved up from 165% to 167%. The "Stubs"
High....!
9418 16
@ 9478
@ 95» 19
95^
were depressed and declined from 325 to 275. Interborough
94i3 16
Low
@ 94V
® 953 la t
951s
„
Rapid Transit rose from 200% to 201,%, After a decline
Amsterdam Bankers' Guilders—
from 69% to 68%, Chicago Subway sold up to 71%. Central
40K 18
High....!
@
^ 40>U
Leather common (when issued) gained 1% points to 47 and
Low
®
404
@ 40<s 16
ends the week at 46% the preferred advanced from 102%
Less: * lie of 1%. 1 3 2 of 1%. *8 8 2 0fl%. Plus: 1fii e of 1%. **is2 0fl%.
to 104% and closes to-day at '104%. Electric Boat stocks
The following were the rates for domestic exchange on
the common sold
week from 29
;
were
New York at the under-mentioned cities to-day : Savannah, down decidedly weak previous sale was at this in March the
40
to 25, the last
buying 50c. per $1,000 discount; selling 75c. per $1,000 presold on May 31 at 75, sank to-day to 65.
mium; Charleston, 12%c. per $1,000 premium; New Orleans, preferred, which
Greene Consolidated Gold fell from 5% to %%, but to day it
bank, 35c. per $1,000 discount; commercial, 50c. per $1,000
to 4%. Greene Copper declined from 23 to 21% in
discount; Chicago, 10c. per $1,000 premium; St. Louis, 20c, recovered
the early part of the week subsequently, however, it rose
per $1,000 premium; San Francisoo, 80c. per $1,000 premium.
to 23%.
State and Railroad Bonds.— Sales of domestic State bonds
Initial transactions were made to-day in the new Japanese
at the Board include $4,000 Tennessee settlement 3s at 95 4%s the bonds were sold " when issued " at 88^, this price
and $20,000 "Virginia 6s deferred trust receipts at 11% to 12}£. representing an advance of 1% per cent over the figure at
There has been a little more activity in the market for which it is understood the bonds will be offered.
railway and industrial bonda, due to a demand for special
Outside quotations will be found on page 148.
To-day's (Friday's) actual rates for Paris bankers' francs
5 18^f@5 18% for long and 5 16^+@5 16% for short.
Germany bankers' marks were 94 13-16@94^gt f° r long and
95%@95 3-16f for short. Amsterdam bankers' guilders were
40 5-16f@40 5-16 for short.
Exchange at Paris on London to-day, 25 f. 14%c.; week's
range, 25 1. 15c. high and 25 f . 13%c. low.
The week's range for exchange rates follows:

were

I

I

I

curities this

|

;

|
|

l

|

|

|

I

|
|

I

I
|

;

;

;

;

4

.

New lork

4

.

Saturda
July I

Record, Daily, Weekly and Yearly
TWO PAtJK.S

AND LOWKST SALB PR1CIS
Wednesday

Tuesday
July 4

Holiday
July 3

1/

July

o

.STOCKS

NEW YORK

tnday

Thursday
July

S3%

844 85%

84 4 854
102 102 »i

84-%
109

102 4 1024
164 164

16341644

U4% 11341144
974 97% 97 4
71% 73% 70% 72
•87
90 4 •87
904
151% 152- 161% 163%
•63 4 70
•68% 69%
204 204
903%; 203%
63% 54 a
63%
37
36% 37 4
36
79% 7'.'%
79
79%
20
20%
90% 21

97% 87%
72
78%
704
•87
904
150% 151% 15 14 152
•97

97

'

»,

•68 Si 70
•200 809%
53%
63
35 H
85
78 % 78 ',
20%
20
87
•85
•63
65

•68% 70
-103

903

63% 63%
35

78\

20% 20%

86

87

86

•

•i>

;

•185

186
208
260
188
200

186
208% 211

186

188
'180
19

18%

•

"89"
•7

39%
*7%

39%
8%

•32
35
•95
96
190 •115
27%
27% 27 .
58%
•67 4 68 4

•80
•95
•110

7%
34

96
120

284

58%

93% 93%
14% 14%

93% 93%
•14% 15
• 28

•62
•85
•280

28

29

70
90
283

44% 46%
89*
82
71% 72%

22%

23% 24%
•91

94

•60

70

90
283

282

23

•90

28

46% 48
82% 82%
72% 73%
•62
•85

52

94

•92% 93% •92% 93%
166% 1664 166% 167
•25% 26% 26% 28
•60
83

•82% 83%
•25% 27
65% 65%

52

ft

83%

26% 27
56 7

56

•30% 35

35
•90% 94
•310 330
66
•55
•30

'91
4312
•54

i

d

95
812
66

Q

149% 149% 149% 150%
•164% 165% 165%165%
83% 854
83% 84
128 1304
127% 128
21% 21% 21% 22%
•130

•130

146

M

s

146

124
123 124%
•160%181% '160 162
29% 29%
28% 29
63% 64%
•62% 63%
99% 99% 100 100%
•122

•147
•36

WO

•110
•78
•197

115
81

150

36% 36% 36%
•18% 20
•18% 20
146 147%
144% 145
•47% 48% '47
484
200

53% 53%
85% 86%
•91% 94
187% 1894

53% 53%
84% 85%
«94
188
•87
•100
• 90

94
188
92
105

90
105
93

90
•100

90%

"88

141% 142%

140% 141
• 37

115
81
200

•78
200

40

•37

42

79% 79%
•116
•75
•105

•115
70
•105

118
78

HO

120
80
110

99% 100% 100% 103%
92
92
91% 92
91% 91% 91% 91%
30% 31%
29% 30
75% 75% 75% 78%
•14% 17
•14% 17
•49

•49

03

•22% 24
•76
• 66%

186

53

•76

78

68% 684

192% •180
24% 24
61% 62

190

98
100

98
•99

98
100

34 4
131

34% 34%
131% 131%

24%
62%
64%
64% 65%
64
•117 1174 117%117%
32% 82%
32% 334
•24

61%
98

•99
•34
•123

Highest

68,600 77%May22
Mar 9 84 Feb
2,000 99 Jan 25 L04%j'ne27
87%Jan
2,700 120 Jan 25 L70 Apr 24 104% Ki'ii
B0J300 100 4 Jan 26 111% J'ly 3 72% Mai
600 91 .Mar
OH
H'bu 8
87% Feb
107,510 58%May2,
73 4 J'ly 8 38
Fob
87% Jan 4 91 sMsyia 83 \..v
47',650 180% Jan 25 155% Apr 7 1004 Mar

B9% Nov
104 4 Nor
166 4 Nov
105 4 1)10

1

67 4

"626 190
23,300
2,000
1,300
86.070

an 11 72% Jan 81
May23 205 4 Feb 3
J

lit

31

May2

J ne2f.

,

17%May2

83%

May2'.'

4F»b 194% Nov
51
Nov

154

46% May 2 2 60%Mar21
774

70 4 Nov
89 Aug
185% Oct
Apr 72 N..v

28% Mai

44% Mar 15
83% Apr 7
25% Mario
884 Mar 15
70 4 a il«

12%J

u.

804J'ly

J 'no 9
47% J'ne
May23 374Aprl7 20 J'ne
83,430 1684 May 4 1874Aprl7 137 4 Feb
500 182 4 Jan l: 1924Aprl7 173 Mar
6,800 (il'J0>gj'ne 9 249 Jan 31 161% Mar
234 Jan 13 265 % Feb 1 207 Fob
"20O 150 Jan 8 225 Jan 31 135 Mar
195 Jan 17 230 Jan 31 {165 Apr
1,500
7% Jan 6 20 J'ne28
6 % Aug

80

47 4 Nov
85% Jan
26% Nov
90 Nov
74% Nov
39 4 Nov

Jan
Jan

33
76

|.

300 20

177% Deo

L86%Oct
2
4 Deo
237 Nov
1

1

Nov

160
192

6,300

174Jan

4

H4Aug

42% J'ly
13% Fel

27 34

.

23% 234

78
68

Lowest

_

150

-110

pref

Chicago Great Western..
Do 4 p. o. debentures

S,

314
86% 87

87

Highest

Deo
104 Nov
5
Nov
•7
•7
7
7
100
8
6 J'ne 2
8 Chicago Union Traotion.
4 J'ly 15% Nov
•32
100 31 J'ne28 64 Feb 3 29 May 48 4 Nov
35
34% 34
Do pref
1,300 90 Jan 14 111 Mar21
98% 99
97% 98
99
99 Cleve. Cln. Chlo. A St. L.
634 May 93% Deo
'115
120
100 118 May 4 121»4Marll 100 Feb 115 Nov
•115 120
120 120
Do pref
s,
4,800 22 4 Jan 20 304Apr26 13 4 J'ne 24% Nov
27% 27% 27% 97
27% 27% Colorado <fc So., vot. trust
58% "58
1,000 52 May 2 3 644 Feb 10 48 J'ne 68 Deo
684 68% 58
58%
Do lstpf. vot. tr. cfs.
37% 38% •38
2,000 324 May 23 394 Feb 3 17%J'n* 37 % Nov
37% 37%
384
Do 2d pf. vot. tr. ctfs.
2,820 1784May22 196% Apr 11 149 Mar 190 4 Deo
1904190% 189 4190 4 191 1924 Delaware <& Hudson
380 380 387 390
700 335 Jan 25 400 Marll 2504 Feb 35934 Deo
X380 380
elaw. Lack. A West'n.
31
4,100 27%May23 36%Marl4 18 Mar 35% Nov
31% 31% 31
314 313. Denver* Rio Grande
"
86
86
600 834 May 1 91 Maris 644 Feb 89 Deo
•86
87% 87%
87
Do pref
23
23
200 18 May22 284Marl7 19 4 Jan 27 Deo
*22 4 234 Des Moines A Ft. Dodge.
23 4 23 Si
1,185 764 Jan 27 95 j'ne'22 60 4 J'ne 79% Deo
93% 934 93% 93%
9334 94
Detroit United
1,430 11% May23 174 Jan 21
15
15% 515% 15 4
6 4 J'ne 14% Nov
15% 154 Duluth So. Shore A All..
1,310 21 May22 37 Jan 21
294 {29% 29% 29
29
29
94 Aug 28>-jNov
Do pref
283,390 374May22 4834 Maril 214 May 41%Nov
46% 47% 47% 484 Erie
46% 47 3,
40,600 74%May22 83% J'ly
83
82% 83
82
82% 83%
65% May 77 Deo
Do lstpref
72% 73
35,650 55 4 Jan 3 74 J'ly- 5 33 May 58% Deo
72% 74
72% 73%
Do 2d jjref
•60
100 68 J'ly 6 72% Jan 16 64 J'ly 67 Deo
70
63
83
70 Evansv. <fe Terre Haute..
64
'85
90
•85
95
90 Feb 28 90 Feb 28 72 Feb 83 Nov
86
yo
Do pref
2',000 236
282 282% 2624 282% 281% 282% Great Northern, pref
Jan 4 335 Apr 17 170 Mar 242% Deo
83 Feb 16 90 Jan 13
Aug 86 4 Nov
Green Bay&W.,deb. ctf.A
"250 17 May22 244j'nel9 70 J'ne 20% Nov
23% 24% 234 23 4
244
23%
11
Do
deb. otf. B
*91
94
*92% 94
91
86% Jan 18 99 Marll 60 Ma} 94 Deo
91
Valley
Hocking
•92% 93
200 90 Jan 18 96% Mar 13 77 Mar 96 Deo
93
93
•92% 93
Do pref
16,046 152% Jan 25 170 Aprlo 12534 Feb 159 Deo
167 168% 1674169
1684169 Illinois Central,
700 24 May24 32 Feb 3 14 J'ne 33 Nov
284 27% 27-8 27
27%
28
lows Central.
c
524
400 50 MaylO 5834 Feb 3 32 Feb 59% Nov
52
62 4 •61
52% 62%
Do pref
600 81%J'nel9 844Marl6 64% J'ne 834 Nov
83% 83% •83
84
83
84
KC.JTt.S.<fcM.,tr. cts. pfd
•24% 264 •25% 26%
800 22%May22 34 Feb 14 16 % Feb 31% Nov
26% 27
ansas City So. vot. tr..
66
•66
1,850 62 Jan 3 70 Febl4 31 Feb 5 6 34 Nov
66% 67% 56
66%
Do pief. vot. tr. ctfs.
»30
33
•30
35
•81
284 J'nel6 444 Marll 26 Mar 434 Deo
33 Lake Erie & Western...
*92% 98
•92% 97
91 J'nelS 106 Marl3 85 J'ne 105 Oct
•92% 98
Do pref
320 320
210 {290 Jan 20 {350 Marl3 {245 Nov {300 Deo
•310 330
318 313 L. Shore <fe Mich. South'n
•55
66
•65
66
504 May 22 654 Feb 3 46 May 024 Nov
55
66 Long Island
148 150% 14841494 1494150% Louisville A Nashville... 36/J0O zl344Jan25 1564 Apr26 101 Feb 148% Deo
658 161 May 1 175 Feb 9 lo9 34 Mai 1694 Nov
166% 166% 165% 1664 16641664 Manhattan Elevated...
82% 84% 82% 834 83
Jan 9 91 Marl7 724 Mar 964 Aug
83%
etrop. Secur., sub. reo. 33,410 73
128 1294 128% 1304 Metropolitan Street
66,800 114 Mayll 131 J'ly 5 10434 Mar 30% Oct
1284131
224
14,900 184May22 26 Marl3
21% 22% 22
22
5 Apr 23% Nov
22% Mexican Central
•130 146 •130 146 130 146 Michigan Central.
{130 J'nel4 {150 Febl5 {1 19 4 Feb 150 Nov
*54
•54
60
60
•64
564 Jan 12 64% Apr 7 40 J'ne 67% Jan
60 Minneapolis A St. Louis.
•85
•85
95
95
•85
86 Jan 19 91 Feb24 80 J'ly 96 4 Sep
94
Do pref
123%1234 123 41234 Minn. S. P. & S. S. Marie. 1,600 894 Jan 11 125 J'ne27 55 Jan 95 Oct
123 124
100 148 Jan 13 169% Mar29 116 May 160 Oct
160 160 •16041614 *160 161
Do pref
29% 29
29
4,300 24 May22 33% Jan 18 14% Feb 36% Nov
29% 293.
29% Mo. Kansas A Texas
64%
6,500 56%May23 69 Marl 3 32 4 J'ne 65 4 Deo
64% 65% 64
644 65
Do pref.
19,500 944May22 110%Marl3 87 Feb 1114D60
99% 100% 99 34l004 100 100% Missouri Pacific
300 137 Jan 12 158 Apr 26 101 % Feb 147% Deo
160 150 •148 150
148 148 Nash. Ohatt. A St. Louis
363.
800 33% May 8 45 Jan 16 34 34 Feb 45% Nov
*36% 37
36% 36% 36%
at.of Mex, non-cum.pf
•19
22
•19
•18% 21
22
1734j'ne20 ^4 4 Jan 10 15% Feb 25 % Nov
Do 2d pref
14641494 147 148% 148 149% N. Y. Central A Hudson.. 45,700 136% May22 167% Mail! 112% Mar 145 4 Deo
48'
49
1,400 42 Jan 20 554 Apr 8 25 May 47 Deo
48
48%
49
49% N. Y. Chic. A St. Louis..
*110 115 •110 115 •110 115
115 Maris 122 4 Jan 30 101 4 May 116 Nov
Do lstpref
•78
80
"ib*6 74 May 4 85 Apr 7
81
80
78
82
60 J'ne 78 Deo
Do 2d pref
682 {194 May22 2104 1-Yb i {185% May 199 Oct
199%1994 200 200 jl99%200 N. Y. N. Haven A Hartf
64 MaroO 19% ^ar 47% Oct
52
53% 524 534 53
63% N. Y. Ontario A Western. 18,400 40% Jan
30,200 76 Mayll' 88 4 Marll 63 4 Mai 80 4 Oeo
85% 864 85% 864 8534 86% Norfolk A Western. _.
94
"92
100 91%Feb24 94 4 Feb 3 88 May 95 Deo
94
93% 93% •92
Do adjustment pref.
7,950 165 Apr24 196 MaylO
189 % 190*i Northern Pacific
188 1894 188 190
92
92 Paclfio Coast Co
1,800 78% Jan 17 98 4 Feb 7 51 Feb 82 4 Deo
94
92
92
92
100 100 Jan 3 108 Feb 6 95 J'ly 101 Sep
•102 105 *102 105
105 105
Do lstpref
100 85 Jan 12 98 Feb 7 614Jan 86% Deo'
*90
92
924 95
91
91
Do 2d pref
246,900 1314 May 2* 147% Marl3 1114Mar 140 Deo
141% 1424 14241434 Pennsylvania
141% 143
•38
40
•38
100 27 Jan 25 4834 Apr 3 17 Mar 324 Deo
40
38 Peoria c& Eastern
38
77 Jan 6 106 Febl4 74%J'ne 81% Jan
Pore Marquette
600 79%J'ly 3 87 4 Feb 6 { 68 May 79 4 Not
Do pref
112 4 J'ne 3 132 Apr 15
116 119 •117 119 •119 120 PhiladeL Rapid Transit..
•76
100 70 May23 «7 34 Marl3 55 Apr 80 Deo
•76
76
80
80 Piltsb. Cln. Chlo. A St. L.
76
105 Feb 17 112 Marl 3 90 Apr 107 Deo
•100 110
1024110 •102 4110
Do pref
634,070 xTA Jan 13 108% j'ly 7 88% Mar 82% Deo
104%107% 107 1083 Deading
103%100
9'.
93
3,100 90 May2'. 94 Feb 2 76 .Mai 92 Deo
93
93 4 JAlstpref
924 93
Deo
2d pref
6,500 84 Jan 5 934 J'ly 7 654 Feb 86
91% 92% 91% 934 93% 93 4
19 4 Mar 37»4 Nov
55,450 2434 May22 37% Jan 18
32% 31% 31% 31% 31% Bock Island Company
31%
764 75 34 764
Do pref
57 a4 Jan 80% Nov
5,600 71%May22 85 Jan 4
77
76
76
12 J'ne 2 1734 Jan 31
Mar 18 Nov
9
•14% 17
•14% 17
St. Joseph AGrM Island.
•49
524
46%May21 58% Jan 21 35 May 60 Not
Do lstpref
•49
524
• 23
24
•23
Do 2d pref
100 2o j'ne 8 294 Feb 3 16 Jan 80 Nov
24
78
•75
73%May22 814 Mar
Mar 79 34 Deo
•76
•76
78 St. L. <fcS.Fr., 1st pref....
78
i 61
•63
Do 2d pref
3",io"6
61 May20 734 Mar 6 39% Jan 72 4 Deo
684 67% 68% 684 68%
175 Jan 30 1944J'nel2 150 Jan 185 Deo
C.<fcE.I.com stock tr ctfs
•185 192 •185 192 •185 192
94J'ne 29 Deo
24% St. Louis Southwestern..
1,650 20 May22 27 4 Jan 20
24% 244 224 ^3% 24
62% 62 4 63
Do prof
25%J'ne 60 34 Deo
1,546 55 4 May 1 66% Apr J 8
62% 62% 62
105,650 57% May 4 72% Fob 27 41 4 Mar 6S% Nor
64% 65% 64% 65% Southern Paciflo Co
64 4 66
Do pref
121% Feb 15 113 Sen 119 4 Deq
1,296 115% Jan
11741174 11741174 1174H74
„.
33
34% 3outhernv.tr. cts. strnpeo 45 400 28 Maylul 36% Mar
L8% WD 37 4 Deo
32% 334 32% 33
Do pref.
98
77 4 Jan 974 Deo
984 984
98
do
2,000 95 Apr 28 100 Mur22
98
93
•99 4100
M. A O. stock tr. ctfs...
•99 100
98% Feb 2 8 90 Feb 98 Deo
•99 100
97 Apr
20 4 J'ne 38 4 Nor
Marl;'.
31
34 4 'IVsxas A Pacitie
314
i',900 29% Apr 29 41
34% 34% •34
1294130 -third Avenue (N. Y.)...
1294131
130 131
0.044 124 Apr29 I3434 Feb 10 116 M«.'13i Oct

19
41

30

29% 30

87

Lowest

i

<fc

37% 38
-36% 374
188% 190% 190 190%
•365 380 •365 380
•86

•85

1

260
190
200

'235

87

for Previout
Year(lUttl)

;iih (Kill-..

Brooklyn Rapid Transit.
liutlalo A Susque, prof..
(Canadian Pucitlo
.in i.!:i Sou t hern
Central of New Jersey..
Chesapeake A Ohio
Chicago <& Alton

Do

Range

of 100-shareiols

Week

*&3
65
86
•68
65
Do 5 p. o. pref. "A
39
"31% 32 4
32% 32% 32
Do 4 p. 0. pref. "B"..
1784180% 1784180% 179% 181% Chloago Milw. A St. Paul.
1874187 4 187 187
188 188
Do pref
209% 210% 208 2
210 212
Chloago A North Western
-235 260
235 240
235 200
Do pref
135 188
185 195
185 188 Chlo. St P. Minn.
Om.
190 200
190 200
190 200
Do pref
184 18
184 194
134 184 Chicago Terin'l Transfer.
40% 4 1
40 4 424
40 4 404
Do pref

•8

83%
•31% 83%
177% 177*178%

177
•183
207
•235

•85

87

1

•63

65%

.

79

904
161% 162%
•68% 70
203 2014
6
64 4
374 374
79%
204 804

.

35

78*

70%

•87

ICange for Year 1909

On basis

Shares

113% IH\ Baltimore* Ohio
•97% 98%
Do pref

"97

>i

71»<
90S.

163

1134

114 '(.114%

1134114

STOOK

'-.

1094

o<

the

B6
Atoll. Topeka&Santa Fe
109 fel02%
Do prof
163
Atlantic* Coast Line BR..
164

84% 85
102
163

Sales

EXCHANGE
If

109
163

3

Exchange— Stock

Stock

OCC'IJI'YlNiJ

STOCSS—UJSIISST

6

'

,,

1

1

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Mid

Ask

HEW YORK
Aetna

Amen

17')
.

'

.

AmerExch..

520
J75

Astor
775
Battery Park 155
Bowerylj
325

Bntch's&Di 155

175
530
280
825
165

Century 1J
Chase

195

Chatham

320

330

ChelseaExc'

170

t

Ask

4300 4350
Citizens' Ctrl
170
City
f282 f285
Coal A Iron. 230 240
Colonial Tl ... 575
Colurn
400
Commerce... 202 207
Conso.

165
210

•

Bid

H.111U1

Chemloal

(;'rnExcll^c

FidelityH
Fifth Ave'

Discount'
Ea.-it

Bid and ajlced

prices;

152
...

1

..

no gales were

Sale at StockExchange

,

150

Bid

Hunks
street'.;.

11-

156

200

14th

215

110

GarheM
German Ami
4 Germu

385
160
100

1500 8760

Ask

840
t740

Fifth

id's"

Bank*

Market it Km
Mechai
285

Mech

Oerm;.

Bid

InterboroH.. 185
Irving
Jeffersonli... 177 4
Liberty
515
Lincoln
I600
Manhattan''. 325

..

Merch Exch.

Imp A Trad.

m

n.*lo uu thu day.
Less
or at auction this \reelc 1 Trust Co. corUucates.
't

1

X

Sunk*

1

Bid

240

MtMurrut'i.. 210
Mutual',
300
Naasau'l

185

1700
335
2 70

295

Ask

Now Aimti
New VorkCo
N V Nat EX.
New V..rk...
1

260

.'TO

175
185

Ex

•

Ask

—
195

675

'

l'rod

!10

Ulvor
Seaboard

•

ExchU

-.

.

....

....

Shoe A

105

238
....
•

-1

360

3i.it>» banka.
a Kx dividend and nnUt*.
rlgota.
Assessment paid.
n 3uld at private sale at this price.
t

I

..•

'»H...

i'hemx

325

North Amer. 289
Northern
Oriental'
Pacini

515

206
510

L300

200

Bid

ItunllH
I'ark

loth W'ard'j. 850

Merchants'.. 178
Metropolian. 400
.

I

Motropoli'nfl 105

170

..

Mercantile

Ask
165

(M w etvck.

Stock Record

140

—Concluded— Page

STOCKS— HIGHEST AND LOWEST SALE PRICES
Monday

Saturday
July 1

*32b
118^4

84 b

88

CO
87
*80

62
87
•80

60
87

,

.

82

19b 10b
40b 40 b

.

I

19»4

40b

12934

09

6ib

41
41
25 b 25b
24
24
62 "4 5 2 %

26
24
52

•23b
62

».

'243

250

41

•11

•24
24

26

24b
*51b 52 b
*243

250

15
*13b 14 b *14
•52
53
*52b 68

81
•22

82 1.1
21

82-4

*

35

34 b 34b
•97
99

•220

5b
6b

87»4

v

47b
1*110

32
91 34
220

240

6
-6
3734

6
6b

38

?.*4»4

*34
•18
•40

98

*4s,

6

*34
•18
*40

38
19
44

83
35 b
98
32
9134
240

6b
6b

*434

11^

•40
"23
24 b
62

4 2

Do lstpref
42
Do 2d pref
25
Wisconsin Cent. v. tr. cfs.
21
61 '4
Do pref. vot. tr. ctfs.

Hi

26

23

24

24%

51%

52

167

<

!

O

a

H

s

$45% 45%
102 b 105

*99% 100b
43b 43 b

\

150

9934

100%

43 b 44 b

104",
104b 105%
*14b 15b *14% 16
63
63%
63b 64
3984 40b
39 b 39%

t'104
I

•93
•237

94
242
31b 33

•100
•80

.105

1

'.*70=4

87b
43b

31% 32 b
94% 94%

31b 32%
94b 94
•122 b 125
13% 13b

,
'

*

['»

•HOblll
•89
33
67*4

b 125
13% 13 34
111% 111%
122

*89

91

92

33b

33b 33b

67

68

68

40
41b
40b 40
108 109
106bl08
31b 32% 3234 33b
98% 99% 99% 101%
35 b 30%
35
85
1107 b 107 b 107 b 107 b
•

40
40b
235 250
93 34 93%

42
•235 250
98 34 93 34
F
•165 167

167bl67b
193b

*180

i

3oo
000

-J

J

400

6

6 34

37%

5

American Express
6b American Grass Twine
Amer Hide & Leather
7

•5b
*6b
•34
•17
•39

39
20
45

175
105 b

10b

39
14034
13734 137 34

167
102

9%

pref

American Locomotive...

Do

Do pref
Amer Smelters Sec pref B
Amer. Smelt'g
Kefln'g.
Do pref
<fc

American Snuff

Do

1,300
1,400
24,200

002
300

pref

American Malting

175
106
10

820

......I.I!

American Linseed

Do

pref

American Steel Foundr's.

Do pref
*38
38b
139 34 140 b American Sugar Roniims;
13634 136%
Do pref

94

Do

94b

pref

240 240 §240 240 Pullman Company
34 b 8634
36
36'i Railway Steel Spring...
98
98
98% 98'(
Do pref.
1934

20b

20% Republic Iron
80b 81%
Do pref
20

80
81
34b 34b 34
104
104 104
83 b 8434
84
107 125 •107

&

104

May

15

3

25
48 %

32% Feb

UbJ'ly

Nov
Xov
Nov

J'ly
52% Jan
21%J'nt 32 Nov

37

25 Xov
49% Nov

J'ne
J'ne

16

37

236 Jan

9

§250 Feb 7 8220 Feb 250

Feb 17
Feb 17

19

89% Apr 14
29% Apr 15

1,200

1,200
43,730
1,100

6

J'ne 7

Steel

...

O

Oct

M ai 21% Nov

6
39 b

Mar

Nov

71

43% Feb 8234 Deo
24% Deo

13 Mar
Feb 16 72% Jan
43% Apr 14 14% J'ly
104% Apr
67 Jan
38 Apr 8 24b J'ne
97
Feb 16 88 34J'ne
§209bJan 4 246 Feb 27 180 J'ne
600
5% J'ne23 14 Jan 4
5
Aug

2,000
25

pref
American Ice
Do pref

6

434

6
39

..

De

37-4

-23

iHiscell

«fc

Express

240

36

ii«

l'«-b

48

;

20
45

Highest

43% Apr
21 b May 38 Nov
Apr 12 32 Keb 57 '4 Xov
68
122 b Apr 4
87 b Feb AV1H Oct
i-;o
j'ne26 158 Aug {105 Nor
137% Feb 25 71 Mar 117 Nov
eb21 z86%Feb 93 Deo
fly '
Feb 25 Deo
9
I;u3)
42b Apr 69 Deo

Feb 23
10% Mai 13
May 4 48 Feb
May 4 28 b Maria
Apr 29
i-.-bn;
Jan 13 51% Feb 17

36
20

20i;

Lowest

17bJ'ne 27 b Oct

Deo
35b Deo
94% Deo
37% Deo
87

}92

HbJaul4

Nor
Nov

97

219

14 Deo
lib Deo

2% Jan
% Jan

34b J'ne24 55% Marl
4% Apr 29 7% Feb
34 May22 41% Aprlo
15 b Jan 17 2234 Apr 17
36 Jan 19 48 b Apr 17
33 Jan 25 61 b Apr 1
10334 Jan
122% Apr 15
5 b Apr 29
8 34 Jan 14
20 J'ne 9 28 b Mar 7
97%J'nel2 98%J'ne28
79% Jan 9 123% Apr 13
111b Jan 13 127 Apr 6

4834 Leo

Feb

82 b Deo

11

6
Dec
9% Nov
24% Mar 42 Oct
7 J'ne 20% Nov
22% J'ne 42 b Nov
16% Jan 36% Nov
75 b Jan 105 Nov
2 b J'ne
9 Deo
16 J'ne 29 Deo

46
88 34
May 31 183 Jan 21 110
Jan
105bMay26 85

Jan 115 Oct
Jan 170 Nor
Jan 99% Nor

163
'
99
1,150
8bJ'ne 8 18%Mar20
3b J'ne 15 b
2,300 35% J'ne 14
7 b Apr 4
26 J'ly 57b
28,630 130 May22 149% Mar
122 b Mai 153
308 133 MaylO 140 Mar
123 Jan 141
400 136%May24 l48bJan
121
Feb 149b
4,070 91% Jan 25 99% Feb
85% Nov 96
10,730 20% Jan 26 40bAprl8 10 Jan 25
600 93 Jan 6 108bMarl5 69 Jan 94%
7,650 lOO%May22 130 Apr 13 61 Feb 120%

3
4

Jan 13 130
Jan 28
3

Leo

Nor

Deo
Nor
Mar 229 b Oct
J'ly 12% Deo
47% Feb 62 34 Deo
25 b Mar 58% Nor
63 Apr 95 Leo
8 J'ne 19 b Deo
185 Feb 220 Oct
9 34 May 26b Nov
65 Mar 82 b Nov
19%J'ne 40 b Deo
82 Nov 83% Nov
43 b Nov 68 Deo71 Not 90 Nov
clol
J'ne 194b Nov
10% May 25% Deo
64% Feb 79% Deo
26 Mar 72 b Deo
28 Sep 41% Nor
71% Feb 87 Nor
36

Jan

59%Nov

100% Jan 117 Nov
14 Sep 23% Not
75 J'ly {87 Deo
14% Feb 26b Oct
80% Jan 98b Deo
120 Feb 164 Nor
80 Mar 107 Nor
24 Feb 55 Nor
92% Mar 112 b Deo

May
May
109
Mar
May
16
71 34 Mar
6 May
37 May
Marl 4 38 MaylS 14 34 Apr
Jan 25 109% Apr 1 74% Jan
Jan 25 118 b Feb 24 31% Jan

100

Nor
Nov
Nov

185

1,062 87 34 Mar 6 99% Apr 14
170 230 May31 254 Feb 28
7,700 30 May2j' 40%Aprl7
785 93 Jan 25 103% Apr 15
12,100 16 Jan 23 24% Apr 3
14,400 67 Jan 10 87 b Feb 23

24
94
60

Deo
Deo

Feb 23
Jan 3

68 Jan 25 106 b Apr 4
37 b Jan 31 46bMar28

24 b
67

44 b Oct
92
244
35

Deo

Nov
Nov

Deo
18b Nor
73 b Nor
29% Deo
98 Deo
65% Nor
77 Jan 105 Deo
34 Mar
5
Nor
31% May 77 b Nov
25 May 39 b Nov
3% Aug 13 b Nor
94

!5%Apr 3
Apr 4 45 FelT 75 b Nor
35% Apr 14
6%May 20b Deo
3 97% Apr 17
40 Mar 81% Deo
9 134 Fob 8 100 Feb §128 Nor
§ 120 Jan
Sl0% May23 14% Jan 16
20 34 Deo
6 b Ma
100% Jan 10 sll2bJ'ly 7 75% Jan 106b Lee
77 Jan 4 98 b Mar 10 43 J'ly 84 b Nor
18 Feb 28 40% Apr 18
35 Jan 13 7ubAprl8 36 b Nov 40 b Deo
33 a4 Jan 3 45 b Apr 7
10 b Feb 34 b Deo'
98% Jan 6 118 b Apr 7 41 Jan 100 Deo
24%May22 38 b Apr 7
8% May 33% Deo
9034 May22 lo4% AprlS 51b May 95% Deo
31%May22 39 Jan 3 2234 J'ne 44 % Deo
103% May 1 110 Feb2o 97% Apr 116 Nor
36 J'ne 5 52%Feb24 18 b Sep 44 Nor
235 Jan 3 260 Feb 21 $200 J'ne 250 Aug
92 Jan 17 95bJ'nel9 85 May 94% Deo
152 May20 184 Apr 6 153 May 185 Deo
190 Feb 23 197 April 180 Aug 198 b Nov
8%T'ne

68

6

Tan 10

19% Jan
79 b Jan

82

3

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS

r

Banks

Lj

Bid

Ask

Hanks

215
ynited
89
Wa8h.H'hts1| 210
WestSidell.. 575
Yorkvillel] .. 400

90
220

BROOKLYN

Bread way J].. 816

136

120 135
gon'yl&BB; 146
First
t386
Home Bank]; 126
..

*

t

^

Manufactrs'. 365
Mechanics!] 6260 275
Merchants'.. 200
Nassau
390
Nat City
290 300

290
ProspectPkl 130
Ridgewoodfl. 140
17th Wardl). 155
Unionl]
200
WallaboutH 160
Peopie'sH

an d 8k d rlc 8: no
#i?« , o i £ -i?xchanso
^
e t
k
<

.

f* *

Ask

North SideH. 300

Boroughl).... 120
*4rooklyn1|

Bid

?

Trust Cos.

Bid

Ask

160

CITY
Bankers' Tr. 499
Bowl'gGreen 207 212
Broad way Tr. 165 175
Central Tr'st 2200 2250
Colonial
385
Commonw'th
95
Empire
240 245
Equitable Tr
575
N. Y.

fc'arniLocSs

.

Ask

Tr

tl470M

Trust Co's

Bid

Ask

Fifth Ave Tr 575

BROOKLYN

tfllion Exchl]

I

Adams

250

.»

'

|.*38

,',

800
34 Rubber Goods Mf g
104
300
Do pref
3
83b 86b
84 4 Q loss-Sheffield St. & Iron
6,500
*105 125
125
Do pref
"4 1
*\ 1
2X10
1
Standard Rope & Twine.
8834 92
90
91b 90% 92 \ Tenn. Coal, Iron & RR.. 77,350
•41
43 b •41
43 b
43 b 43b Texas Pacific Land Trust
200
lib 11% lib 11% •11
2,165
lib Union Bag & Paper.
•72
74
73
325
73b 73 K
73b
Do pref
31% 31% 31
31% 80% 31% U. S. Cast I. Pipe & Foun. 9,950
*93% 933, •93
1,404
93b 93
94%
Do pref
122b 125 *122bl25
122%125 United States Express...
13 34 13%
13% 133,
13% 14% sUnited States Leather... 18,300
111% 112% 112% 112% 112 b 112 b
1,500
Do pref
90b 91% *90b 92
600
*89b 91b U S Realty <fc Improve'nt
33 b 33 b
33% 3334 33
34% U S Reduction & Refin'g 3,600
68 b 6S34
69
69
63 b 69%
3,400
Do pref
41b 4l 3
41 34 44%
4334 44 b United States Rubber
29,950
108 b 108% 108% 110b 109 109 34
8,000
Do pref
32% 3334 32 b 33 b 83% 33% United States Steel
239,450
99% 101% 99%10034 100% 101%
202,035
Do pref
36
37 b
35% 37
35% 35% Virginia-Carolina Chem.. 11,290
107b 108b 107 b 107% 107 b 107 b
1,747
Do pref
•41
43
•40
44
41
41 Virginia Iron Coal & C.
300
•235 250 §240 250
240 250
110
lA/ells, Fargo & Co
93 34 93%
93 b 9334
1,083
93b 93b VV est'n Union Tele'gpli
168 168
168 168
162 168 West'gh'seElcfcMigassen
600
'180 193bl*182 193b 180 193b
Do lstpref

lib lib
§71% 71%

73

'230

240

94% *93b 94b

*100

1

84 84
*41

1

•38
139

33 b 33 b

34 34
,104
8334
82
105 130
.

83%
43b
11% lib

39
141
138
141

19 34 20b
80% 81b

"

83
•40

I

'167
102

240
3384 34 34
973.
97

19b 20%
78% 80

104
82
126

6 34
3734

10% *10

94
•238

94
94
*237 242
33
33b
97 b 97b

96b 97b
19% 19b
78b 78b
33
34b

'243

250

lor Previous
Year (1904

37bAprl2

139% 139% 139b 139b Amer. Teleph. <fe Teleg...
97b 97% 97% 97 34 97b 97b Amer.Tobac. (new) ,pf .ctfs
37
39
37% 38
37b 37 a4 American Woolen
104b 104% IO434 10434 104bl04b
Do pref
107bl0834 106 107% 107 108b Anaconda Copper
*188 194
Orooklyn Union Gas
188 194
184bMay22 £215 Feb 14
188 194
*15b 16
40 10% Jan 13 16 % Aprl8
In
16% 16b U6b 16b Urunsw. Dock & C..Imp't
-57
69
*57
•57
59 Butterick Co
67bJ'ne29 60% Jan 18
59
45 34 47 b
54,537 38 May22 59 Mar24
46
46% 47% (Colorado Fuel & Iron.
47 b
95
J Do pref
85 Feb 10 105 Mar24
95
95
14
14
300 1134 May24 18 b Jan 30
13% 14 Col. & Hock. Coal & Iron.
"l3b 13b
191 191
1,300 184bMayl5 214 Mar 3
190b 190b 189 191 Consolidated Gas (N. Y.).
10% 11% 10b 10b 10
2,100
8 34 J'ne 8 22% Feb 7
10b Corn Products
49% 50
600 43 J'ne 8 79 Jan 10
•48
49
49
Do pref
60
44
44% 4334 44 »42% 42 3, Distillers Securit's Corp. 3,821 ,c34% Jan 25 47b Apr
*77
80
•78
79
Electric Storage Battery.
900 76 May23 89 b Feb 27
82
80
*95bllO
60 Jan 11 128 Apr 7
*95bllO Federal Mining & Smelt'g
*95bll0
95b 96b 95% 96 b 95
2,000 75 Jan 5 lo7bApr 7
Do pref
95%
177 179% 179b 179% 178% 178% General Electric
2,500 169 May20 192 MarlO
19b 20b 20% 20b 20% 20% International Paper
6,200 18%J'nel6 25% Marl 1
79
79%
1,900 76% Feb 6 82b Apr 6
80
Do pref
79% *79
•55
85
•57
200 60 J'ne 3 100 Feb 23
75 International Power
75
29
29
300 27%J'ne28 40%Feb27
30 Internat'l Steam Pump..
29% 29b •29
80
80
•80
200 78%May22 88% Apr 14
82
80
80
Do pref
61 34 62%
1,210 54 b Jan 25 66% Apr
62
62
62 b 62 b
National Bisouit
•117 118
'117 113
*117%11734
250 115% Jan 10 120% Marl 5
Do pref
24 b 24 b
800 18% Jan 20 31% Apr 5
25 Nat Enamelrng& Stamp' g
24b 24b »24
•88
93
•89
"89
100 86 J'nel9 94 Apr 19
94
94
Do pref
47b 47% 47
4,340 24% Jan 24 51% Apr 7
47
47 b National Lead
47'i
• 1033tl05
120 97%Jan " HlbFeb20
105 105
105 105
Do pref
•145 151
'145 155
140 May22 161%Aprl5
145 150
New York Air Brake
99bl00
3,550 97bMay22 107 Aprl7
9934 100
North American Co., new
99b 99b
44
44 a4
3,000 33 May22 49% Jan 4
44 Pacific Mail
43% 43% 44
105 b 106 b 106 106% IO534 106 34
20,740 97b May 15 115 b Apr 3
eop. Gas-L.& C. (Chic.
15
16b 1484 15% I4S4 14% Pittsburgh Coal Co
2,900 14%J'ne2J 21 Mayl5
63
63 b
*62
1,300 62% J'ne24 80b May 15
63
63
63
pref
Do
39b 40% 39% 40
5,030 33b Jan31 46% April
39% 40 Pressed Steel Car

f

145

*225
6
§6
•35

175
106

10
39
139 b
188
*139

138
142
*96b 96b 96b 97 3
\
35 b 36 4
35
ft 35
•102% 105
104b 104 b
3
106 34 107%
) 106 4 106%
*188 194 *188 194
815% 16% *15b 16
58
I »57
67 b *57
44
44% 4434 46b
•
90
90
14% 14%
F*13b 14
191 191%
•190 192
I
11
11
11%
11
50
48b 48b 50
43b 44
43% 44
*75
•76
80
80
110 '110
1
•90
95
95
95
176b 176b 176b 177
•19
19 b 19b
19b
79
78
78b *78
*57
*57
85
85
*27b 30
•27b 30
•79
•80
81
81
62b 62b 62% 62 b
118 118 »117 118
•24b 25b 24% 25
89
89
•90
95
*

6

38
20

102

"137
*140

46 s4 45%

'243

Range

Highest

13
84% May 22
Jan 26

]'t.-,

'4

10b 10b
37
37
38 b
86
138% 139% 139b 140%

;*102b 105
1*140 153

22b Jan

1

17b 17b
40b •40
44
48b 49 b 48b 483.
48b 4 9
112% 112% 112b li'ib 112 113
•5% 6
534
5% 5%
5 34
24% 24 b 25
25% 25b 25 b
99
•98b
*98% 98b 98% 98%
«117bH9
117% 118% 117 34 118-4
119% 119 b H9bH9% 119% 119%

491)

9

138

6%
88

*34
*18
40

24b 24^4 24 b 24 b
98
98b
9838
117 b H8b 118%119%
119 119
119b 119b
'167 175
,*167 175
•102 106 *102 106

•136

6

6%

110b 112b 11234
634
•5% 5%

9

240

38

38
6

!

S

250

*225
6

38
20
44

47%

48>4

Lowest

950

Lighl

67b 57%

Year 1905

Week

llis-Clialmers
*13b 14b •13% 14% *13% 14b
13 May 4
•51% 63 b 61', 51% 51 'g 51%
Do prel
300 4*bMay 4
82
83%
AmalgamatedCopper
135,235 70 Jan 25
82 b 83%
82
82%
24 Amer Agricult Chemical.
• 22
20 Jan 24
24% •22
Do pref
89% Feb 8
35 b 36
35% 35% 35% 35°, American Car & Foundry 3,500 31 May22
98
Do pref
800 r91% J;m 26
98% 9*b 98 b 98b 98b
32% 33% 32
2,600 30b May23
32 American Cotton Oil
32
82%
91
Do pref
85
200 9134 j-ly 3
•91
95
*91
95

24 b

•22

lor

o/ loo-share lots

Shares

l'ol. .St. Ii. <fe

88")

57 38

Industrial

•243

&

Range
On bams

1

16b 16b

46

Toledo Railways

*33b 35

the

1

87 b
8034
20
41

17

•10
•42
•23

EXCHANGE

July 7

35

Sale not

STOCK

1,000
W. v. tr. Otfs
Do pref. vot. tr. ctfs.
,900
114% 114 b Twin City Rapid Transit.
1,480
Jan 6
Do pref
Mayl7
1283*130% 128% 130% 129% 131% Union Pacillc.
413,600 113 Jan 6
Do pref.
99
•97% 99
§99
•97 b 99
96 Mayll
64 b V nit Rys I nv't of ban Fran
2
02% 03 b 01 b (Mb 64
21b Jan
87
Do pref
87
87
87 '< 87 '4
87%
2,050 64% Jan II
•78
80 b United Rye of St Lou. prel
200 80 Jlv 7
80
81* *80
82
9 b Wabash
19% 20
1,300 17b>lay23
L9b
19% 19?»
40 b
Do pref.
40
40% 40%
1,100 37 May23
40 b
40b
•16
17
SOU 15 May 1
15b 16b Wheeling & Lake Erie...
16
16

57'.)

113 b 113%

127% 128% 128 "8
•90
07%
98

FHday

Thursday
July 6

31% 35
35
3834 39%
38%
67b 57% 57%
114 114b '113%

34 b
88 s4

38%
56b

H3 7e

Wednesday
July 5

Tuesday
July 4

July 3

STOCKS

NEW YORK

V©L. LXX1I,

2

N Y Life&Tr

1090

Guaranty Tr 575
Guardian Tr 215
Knick 'rb'k'r 1050

Real Est Tr't
StandardTr't

1050
730
325
390
650
765
1450
525
1425
275
425
225

Trust Co's

Law T I &Tr

Lincoln Tr.

Manhattan

Bid

300
570
475

Mercantile
Metropolitan 625
MortonTrust 920
Mut.AlUance 210

New York Tr
305

500
960

TitleGu & Tr
Tr Co of Am.
Union Trust

USMtg&Tr
Unit States

940
225

VanN'denTr
Washington
Windsor....

Trust Co's

Ask

BROOKLYN
410
675
775
1500
290
450
235

Brooklyn Tr 415
Flatbush
210
Franklin
325
Hamilton
340
175
Home
Kings Co
450
300
LIslL<feTr.
260
Nassau
People's
330
Williamsb'g. 235

on Ms d ay * Des3 than 100 shares, t Ex rights. 6 New stock. e Ex dividend and rights.
*
i
_
ata ? ctlo 5. tlU8w eek- « Ex stook airidend. /Trait,60. oertULoates. U Banks marked with a paragraph
??
8al s

Bid

335
I95"

32S*

270
350

-

'

(Tl)

are State bank*

'

New York

11

Exchange— Bond

Stock

<»< l

BOND

AXi'.E

St

RUING JlLY 7

\\

11

fYidaii
Jul!/ 7

Government

s.

.

V
V
V

S 2s consol registered. dl9S0 Q-J
£1930 2-1
S2800D8O1 coupon
tel918 3-f
s 3a registered
co'.i|.i>n
kl918
TJ S 3s
I
Saregsniall bonds., fc 191.small bonds. .A'191">
h L901 Q-J
l S is registered
'-'

.

M907

upon

I

8

II

S 4s registered
8 ts coupon

U

-

I

i

1926

Philippine Lalanaa 48.1914-34

Foreign Government
Japanese Govt Os Bterl'g.1911 A-O
2u series 6s otfs lull paid
£ loan 4%s otfs fall pd.1926 F-A
Repubof Cuba 5a exten debt.. M-S
V b oi Mexloo s g is ui 1899 Q
Gold 4s of 190-1
1954 J-D
-

-I

U

State Securities

!•.•:<

s

^

Last Salt
Jlnjli

>.

.\,

MOP,

103
L04V May'03
103 'glOiig 1U4H J'ne'03
103 Hi
103
lo:
104 10 s
J'ne'05
107 J'ne'O"
HUH.
ibs
104 ll'l'-J L04 J'ne'05
104
104 \ L04 <4 Apr'O
132
L32% 'ue'06
132
133 J'ne'05
109 J'ne'05
10S

,

N. V.

1

Low

Jlnjlt

nu

'•

:n.;

-.

nu

in

1

108

Alabama class A 4 to 5... 1900 j.j
Class B 6s
1900 J-J
Class C4s
190C J-J
Currency funding 4s
1920 J-J
Dist ot Columbia 3-05s
1924 f-A
Louisiana new consul 4s.. 1914 J-J
North Carolina cousol 4s. 1910 J-J
1919 A-0
|_ 6s
933 J-J
Bo Carolina 4 "as 20-40
Teuu new settlement 3s.. 1913 J-J
J-J
Small
Virginia fund debt 2-3s... 1991 J-J
6s deferred Brown Bros Otis.

l(H)%
98 ,

Sale
Bale
oi'j Sals
loeojjSale

100

I'lS)

lOO

1

-!

Salt

93^

93%

93 3^

hese are

ices u

i>'

labama Cent

see So

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m:i

100%
09
91 v

100
100

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93-

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lul\
loo

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120 Mar'OL
'95";;;:;: 95
95
95 " Dec '04
95
90 4 J'ne'05
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12 Hi

n

1

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92

,

n Ike

94 H) 103%

v

90

u/ #0 fo £.

101% 101%

97

95

l

;,

20

96% *97%
10
18%

Ry

At Coast Line

Albany <fc

'

see Del<&

.Slis,i

Hud

AJlegheuv Valley SeePenn UK
Alleg & West i*eBuilR«fci
;Ann Arbor 1st g 4s
/tl995
i'Atcli T <fc S Fe gen g 4s.. .1995
t.
Registered
1995
Couv g 4s (subscnps)..1955
Adjustment g 43
M995
Registered
7U995
'
Stamped
A1995
Debentures 4s Series E. 1907
<
Series F
1908
1909
/ Series G
Series H
1910
!

,

,

•

K

99 78 Sale

Xc.N

M-N

FA

F-A
F-A

FA

MS

East OUa Drv 1st g 4s. .1928
Atl Kliox & N or 1st g 5s. .1940 J-D
itlautio Coast 1st g 4s.?tl952 M-S
Charles & Sav 1st g 7s. .1930 J-J
Sav F & \V 1st gold 08.. 1934 A-O
1st gold 5s
1934 A-O
Ala Mid 1st gu gold 5s 192b .Vl-N
Brims A \Y 1st gu g 4s 193b J-J
;
SilSpOca<fcOgug4s 1918 J-J
[Atlantic & Banv See South Ry
•Austin 6c N \V See Sou Pacinirt>alt& Ohio prior lg3%s. 1925 J-J
JL> Registered
A1025 Q-J
" Gold 4s
A194& A-O
r

Registered
4s

MS

'PJun&JI Divlstg3%sl925 M-N
'PLEi; W VaSvs ret 481941 M-N

vj3outhw Div 1st g3%8...1925 J-J
M925 Q-J
p. Registered
Oiouon Riy 1st gu g 53. .1919

ien

\

Ohio

R 1st eg 41-28.. 1930

Tuts

6c

FA

M-S

Xol 1st g Os 1922 A-O
West 1st g 4s.. .1917 J-J

Pitts Cltv

6c

t M 6c Co certis
Eat Creek & a See Mich Cent
^Beech Creek See N Y C & H
Pelie v 6c Car See Illinois Cent
.Bklyu & iioutauk See Bong 1
Bruns <fc "West .bee Atl Coast L

NY

Brie See Brie
R <fe B gen g 5s... 1937
West 1st g 43 gu.. 1998
C1& Mali 1st gug5s....l043
RocU 6c Pitts 1st g Os...l'J'/l
Cousol 1st g Os
1922
Builalo & Southwest See Erie
Bull <fc Susq 1st ret g 4s.cll951
Bur Cedar li 6c No 1st 03. 1900
Con 1st 6c col trustg 5s. .193-1
Registered
1934
C R 1 F 6c N \V 1st gu 58.1921
<fc St B 1st gu g 7s.. ..1927
i
iManada South 1st 5s
190b

Buffalo
Buffalo
All 6c

99 '4
98 a4
98 "a

99% J'ne'05

lOSHi

97 s4

97%
98

99% 99%

99HiNov'04

99% 99%
99% 99 Hi

99 Hi Jan '05
98HiNot*04
97 Oct 'u4

9714
*99 1s
113 118
102 Kj Sale

99% J'ne'05

98*4 90 H,

112HiNov'04
102>4

141^

102Hi 135 l00 34l03Hi

12934

113's

97 'a
98
96*2

95*4
i"05 34

Sale

114

Sale

95^4

96 \

96 Not'04
105 H» 105 34
103 May'05
113»4
114

91%
91Hi
99% 100
91% Sale 91
91%
92% J'ne'05
iof^""! 105HiMar'u4
91>a 92%
99 34 Sale

108 14 109

Hi

121*4....

99

100

109 Apr'05
119HiMar'04
100 J'ne'05
99 May'05

il-S

l21Hi.

123% J'ne'05

99 Hi.
114
125 >4.
1*5 Hj

103

F-A
J-D

M

5s

Registered

J-J

J-D
A-O
A-O

A-O

.

J-J

Shawn

of

Ga

RR

1st g 5s...pl945
Cousol gold 5s
1945

Registered
lblpret lncoine g 5a
2d pret income g 5s
3d pret income g 5s

1945

4'.

Mar'05

120

.

974
100%
119% 120
118Hi
lllHi

98»4

9334

101% 101%
119% J'ne'05
120%Mar'03
112

Hi

FA

102%105
104%
3
4

103

105

114
93

91
Hi
98Hil01
9 3 Hi
92
92Hj

109

92Hj

109

97 34 100
99
99

^19%123

,

124 Hi 1*0
124% 126

H.

100 H;

98

100*4 102

Hi

118%121Hi

Railway

J
i
>

•

'

'

102 104
105 Hi 109
105*4106

91

94

96 Hi
84
73 3<

Sale
Sale

94

112
121Hi

Jan '05

3

4

Apr '06

110

119HiJ'ne'ii5

119
113

113 34
113 34
107
J*ne'04

96%J'ne'05
b4
84
73

73',

112
121 H;
116 *

gen g 5s
us..."

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67
52 Hi 73*4

BOM)-,—Continued

1st 5s

on Next

.0

1913
L919
L962
19*3

88
in.
1

1

1"
1

95

1

1".:

13
11,

'1

104
Sale

iii'i 'l

104% Mar'05
lol

1

UQ

>.'

1

118
w-ees.

.

86

92%
109
116

96
93

Mar'98
116

05

8*%

94

I

19

1

los'o
ioe
1"- %
1
6 117 '4 122
1

100

1

'.,

',

1

10*

nu

07%

96
86

85 Hi Sale
79 s4 Sale

'-j

1

1

-

103

'

SO

103

88%
Feb '05

90

Aug'04
IHI'i Jan '05

.

110

'

I

%

83
80

'4

103
98
90

Hi

'4

9.,'.,

8

J'ne'o.")

110%
nil % 103%
oil i, 108%
100i4 106%

Apr'05

100

100

106

108%

10 1*4 J'ne'i)5
106*4 J'ne'05

100
100

'4

J'ne'05
112*4 J'no'05

138
1*9

104%
Hi

138
120

'.,

l

106

Hi

1

1

101

86H3

113% 114
104% 105
137

i

10.,',

.

.

119

I

96%

90',

%

79',

May'05
L04% Apr'00

90

1

113'« 113 l4

Ml'.,

100%
108%

1

'04

86
80 \

Hi

79»4

lo*i4

1

98

eb'05

Sep

in

107%

14

Apr'05

!13'.,

lii'4

1

113

L03 '! J'ne'Oo

P8

1

.

00 106%

134

111% lUHi
104% 107%
133% 138

104
J'ne'05

120

122

IIS

119% Mar'05

119% 119%

1*1 4 Apr'05

1*0

121>4

131
114

137

134

134

Sale

111%
U4 Maj"05
108% 109 Hi 111% J'ne'05
Mar'05

187
109% 111*4

112

.

Ul

115%

109% 111*4

111% J'ne'05

11*

L87

109

.

Hi

178

J'ne'05

114%
117%.

109%J'ne'04
98% Jan '05
110% Apr'05
L19% May'05

109
114

.

HI Hi J'no'05

.

U7%J'no'05

113%

L16

Mar'05

112

Ill)

.

96*4

.

,

jj 110%.

112
137

129%.
113%.

104%

108

.....

111*4

HOHi

13

Nov'98

103
118
117
107

09

14

110

99% 101%

117%U8
117 117
1H%113

J'ne'05

Mar'04
J'ne'05

104

Mar'04

106%

104

_12>4 J'ne'05

117
116
F-A *103 14

U1%113H4

108% Jan 'oi
17 May'05

HOHi

H)

1

115% 116%
11*% 112%
116% 116%
126Hi 129%

116%J'no'05
112*6 Apr'05
110H? Jau'05
127% May'05

105% 104

L12%

101

106% Apr '05

104% Dec '04
102%May'04
101
101%

1*17*"

183% 185
115
115%
106% 100%
108% 111%

Feb '05
110% Apr'0.>

117

101%

114%

IO8H1 108 Hi
110 May'05

Hi

111%
117%
112%

'911

Aug'04
Apr'05
115% May'05

108 "a
114 >4

104

J 'ly

98%

Hi

110

115% May'05

113

H'5%

Hi

98

116% 116%
119% 120

106
185

.

J-D 109*4
J-D 114 '4 116*.
Q-F 127%
F-A 105Hi
F-A
M-N 101 Sale
W-F *101
A-O 117

117

119%
115%115%

115%Apr'05
..

.

105%

104%Nov'0l
05%May'04

105
107H,

M-b
J-J

130

F-A
M-N

101
103

J-J
J-J

120%

28% Apr'05

l*0Hl

23

J-J
J-J

104% 1U5'4

A-O
M-N
M-N
M-N
M-N
M-N
M-N

90% bale

104% 107%

105 May'05
ID 1.! Mar'05
127% 129^
ine'05
120 14
_19».iNov'04
131
12% Feb '02

M-S

,

UOHi
127% 130
110'4

1

133

31% Jan
Sep

96Hi
91

06%

123
L23
lOi'4 107%

105%

90%
"4

'.'.;

172

i'7

Sep
J My

95

99%

,9,

79

85

:

'oi

Mm '0
May'O

1

,

Deo '04

93
!'2 3 l

b*

122% 120

Jau'03

96

83%

'03

May'05

107
101
87

131%131%

'05

Apr '04

103
109

'*

90

May'04
83

sale

76% Sep
9-1% sale

9

'04

106 Vj
112
109

1

90% 97%
115%

10%Apr*06

Hi

110

110

Lpi '06

J.J

M-N
A-O

1,

10'JHiMuy'O..

109

110%

J

117

94%
120%

96
86%
118% Apr '05
Feb '06
00

9

115

I'ujre.

don Proni sharing 5s... 808
Union Kl (Chic) 1st l' 6s.. 1946
lilted I'.I'.i- s.in lr.1
48.1927
United Bya Bt L 1st g 4h
W Chlc8t40-yr cons g 5a. 1930
l

is

IDS',
108% 11,
!""! 107% J'ne'05
ii"o%
.Mail,
LIS
Iiks'j

118 H.

F-A

iiii'-j

'1

III'.',

J-J

M-S
M-S
M-S
M-N
M-N

101

May'05

1

J-J
J-J
J-J
J-J
J-J
J-J

A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N

103%

Hi

May'05
L08% May'05

Ill

106

j-j
j-j
j-j
j-j
j-j
j-j

101

14

108

lOt'.Hi
111."-.
1 1 i -V

M-N
M-S
J-D
A-O
M-N
M-N

j-j
j-j
j-j

116

100

A-O
A-O 102
M-N 105
M-N
M-S 100

j-j
j-j

11*

....

..

I

'06

Hi

112

M-S
M-N
A-O

n

1

Sale

11

91

Sale

90
117

Sale

90*4

120

lo.

L06

1

91

1% 07%
18%
I

!

90

96

97

100%

(id "99

100%Not'04

109%
loo

HI

116% 110

Underground Elec Byaof Lon

J'ne'00

Aue'Ol

138

.

1

J

l'17'.i

113' 4

J-J
J-J
J-J

1

102

1

L34

96%

F-A
F-A

1

Jit oh.

10

93
in

Low

Jln/ii

Bale

1

1-

<fc

Una

AO

Cousol gold

Low

id

IS

J-J

J-J
J-J

atl

/

.

94%
Havana Flee cousol g 5s. 1952 FA 9* % Sale
T ouis Ky
Co 1st con g 6s.. 1930 J-J
,et St Ry gen col tr g 58.1997 F-A
115
B way 7th Avlstc g5» 1943 J-D 116%.
Frulayj latest price

Choc Ok

97 U
80

Street Railway
108% 112% Met St Ry—{Con/lu-l j4s2002
109%
109 rno'05
91',
LeiAv.t P 1m go g6a 1993
90 4 53 S
89% Sale 88%
Tnlrd a vi- BR (on l'u La 2000
L08%
108% May'05
106%
Third Ave By 1st g 6s.. 1937
i'";
ioe
106 Feb '06
H3Hi MetWS El (Chic) 1st g 4s.
Ill 111% 110% lll*u 88
Mil Kl By<* L 30-jrr g 58.1926
84
98 rne'06
Minn bt uy hi oon 6a. .1919
91%
94*4 Hale
95
98%
~t Jo Ky IM H&P latg 5e
87
87 % Sale
87«s
98 101 Hi i\ Paul Oil
*
101% Sale 101% 101%

Met Ry Co 1st gu g 68. .1911 J-J
Det L mted 1st con g 4%8.193* J-J

Col<fc9QiAvlgtgng 58.1993 M-S

Coll trust gold 5s

1

90

J-J
J-J

1910
1915
1916
4s
1917
P4s
1918
Chic R I 6c Pao Hit 4s. .2002 .M-N
Registered
200* M N

04

»

)*%¥ price

l'.'ll

Chic Rock Isl & Pac 6s. ..1917
Registered
191
General gold 4s
1988
Registered
loss
1st & refunding g 43
1934
Coll trust Series C 4s .. 1005

N 4s

.\iri

Brooklyn Rap It g5s
1945 A-O
1st refund conv g 4s
'J002 J-J
BkClty 1st con 5«. 1916, 1941! J-J
BkyCo.fcScougug53.1941 M-N
Bklyn L'u Bi 1st g 4-5s.l95o F-A
BlngsCoEl 1st g 48.. ..1949 F-A
bumped gu;ir 4s
1948 F-A
Nassau Elec gu g 4s
1951 J-J
Conn By A Llstdi refg4%s'51 J-J
Den Con Tl Co 1st g 5s... 1933 A-O
I Den Tram Co oon g6»..1910 J-J

j

M

Mil & No 1st
B 0S....1910
1st cousol Os
1913
Chic &Northw cons 73
1915
Extension 4s
1886-1926
Registered
1880-1920
General gold 3'a3
1987
Registered
jj1987
Sinking fund Os... 1879-1929
Registered
1879-1929
Sinking fund 5s. ..1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
IUO'.i
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
Des Mo & Minn 1st 73. .1907
Milw 6c Mailison 1st 0S..1905
North Illinois 1st 5s
1910
Ott C F & StPaul 1st 5s 1909
Winona & tit Pet 2d 7s. .1907
Mil B s 6c West 1st g 6a 1 92
Ext& Imp s fund g os 19*9
Asldand Div 1st g 68.. 1925
Mich Div IstgOs
1924
Convertible deb 5s
1907

Incomes

Sep '04

102
102
102
107"4l08' 6 107Hi 107i4
106 Apr'05

M-N 113% 114

j>1945 Oct
/,1945 Oct
j>1945 Oct

D

..

1910
1924
1910
1910
1908
1919
1910
1910
1909
1921

i

5eel

GtSogSs

I & D Exten 1st 7s
LaCrosse& D 1st 53
Mineral PointDivos
80 Minn Div 1st Os
Southwest Div 1st 6s
Wiscfe Minn Div g 5s

94% 97%

A-O
A-O
M-N
M-N
M-S
M-S

j-j
19*1 j-j

Chic& P Wlstg5s

1st 5s

,Ml.sCEI,l,ANKOl,>

>n

Bouisv ret Os... 19-17
Refunding gold 5s
1947
Bouisv N A & Ch 1st 6s. 1910
Chic Mil & St Paul con 7s 1905
Terminal gold 63
1914
General g 4s series A..el989
Registered
el989
Generalg 3%s series B.el989
1921
Chic& B SuDivg5s
Chic&MoRiv D1V58...1926
Chic& Pac Div Os
1910
In<Si

H48
M4s

Cen Branch U Pl8tg4a...l94b J-D
Cen Branch Ky See Mo Pac
Cen lit. 6c B of Ga col g 5s 1937 M-M
Cent

One

Far & Sou assu g Gs
Hast & D Div 1st 7s

See IB Cent
Carolina Cent See Scab Air L
Carthage <fe Ad See M Y C <fc H
Ced B la k 6c N See R O R <fc N
6c

1

Dakifc

Apr'97

124%Apr'05

J-D

1913 M-S
1913 M-S

M-S

A Long Br gen g 4s

1

114HiOct '04
93 J'ly'04
97% Oct '04

A-O
J-J

\

Cent Pacific Se» 80 Pacific Co
Chaa<S sav SecAtlCoasi Line
'lies A Ohio g Os ser A.. A L908
ol9]
Gold 6a
1st consul g 5s
1939
Begiatered
199*
General gold 4His
Registered
1992
1940
Craig Valley 1st g 5s
R A A Div Iatooug4s..l9sii
1989
2d cousol g4s
Warm Snr Val 1st g5s..l94
Ry 1st gug is in
Greenbrier
Chic <fc Alt RR rof g 3s... 1949
Railway 1st lien 3%s... 1950
Registered
i960
Chlo B & Q— Ch 6b la D 5s 1905
Denver Div 4s
1922
1949
Illinois Div 3Hss
Begistered
1949
1940
Gold 4s
Iowa Div sink fund 5s. .1919
Sinking fund 4a
1919
Nebraska Extension 4s. 1927
Registered
1927
1921
Southwestern Div 4s
Joint bonds See Great North
Debenture 63
1913
Han <fc StJosoousol 6a. .1911
Chic <& B 111 1st 3 1 cur Os.1907
1st consul g 6s
1934
1937
General cousol 1st 5s
1937
Registered
Chio cfc Dad C Ry 1st 58.1936
Chicago & Brie See Erie

125%Nov'03
112% Jan '04

114%

J

Carb

125 100
103
8 94%
96 7
Feb '05
93 Hi
"is 94
95

97%
94 34

10134 105
100 Hi 102%

<fc

.

V^id

96H>

99%May'05

1

t

964101
19:

102^ May '05
101 34

93'8
94' 6 Sale

/il94ft 0.-J

1911

90 's
104 Vi

9934
99=8

,

yConv deb

99 Hi
103 34

A-O 104 >4 Sale
A-O
J-D loi 101%
Xov
90 78 Sale

1911 F-A
1913 F-A

-cries 1
Series

.

Q-J

.1

1

L04 34

Unili-ond
A

n.v 7

'.

Hi Jan '05
109 '4 Oct '00
102 "a Mar'02
in Mar'02
U9 34 Oct '04

:

./Xlaba Midi See

.1

Central ol Ga—{Continued)
Cnatl Div pur mini ^ is. [95 J D
.Mac A Nor Div 1st g 5s. in 10 J-J
Mid Gad ah Div ;">s....i.m. J-J
.Mobile Div 1st g 5a
LO 16 J-J
Cent oi >•' J gen'lgold 5a. 1987 J -J
Etegiatei ed
Book iS Imp gu 6s. .1921
j
Le <fc Hud H gen a a g 5a 920
LaH .^ wiiks K Coal 5a.. 191 M-N
(T1910 i,i-.M
Con ext guar 4%a

Am

101

|

:

tmata

E

A',;,.

.

.'

~>~.

'

H'l
99

•

1

II.

stock EXCHANGE

Wiei

Juiituirij 1

104%

I

Weekly and Yearly

r.v<;i>

BONDS

J.'n

or

.]

19!

i

(fc*a

Ktx

Ask Low

UUi
I

Record, Friday
pouk

l\ im;

•

BTOCK KXCII

K. Y.

l

'

'

98% Solo

L09%

80% sale
87

l*o\
114
nnd Electric l.ithi
1104 1*0'-.
110% 118%
119*8 1*1% Atlanta O L (Jo 1st g 6a. ..1847 J-D
120% May'05
oDueJaa d Due Apr « Due 4i«y yDuojns /iDuej'ly *DuoAag »Due uot

J'ly'ul

98%

98%
88
UJ

I

BO
May'05
Deo'UV

87% "»T"
88%

On

pDusNor

/Option sals

Bond Record

142
BONUS
STOCK EXCHANGE Si
Wekk Ending July 7

X. Y.

Price

Week's

Range or

Since

StL&NO

Ohio
Ohio St

See 111 Cent
L & Pitts See Penn Co
ChioStPM<& OconGs...l'j:s<> J-D
J-D
v Cons 6s reduced to 3 4s. 1981

ChStP<fc Minn lstgOslOlH M-N

f

136
93
135

Nor Wisconsin 1st 6s. ..1930 J.J 131
St P & S City 1st g 6e.. .191!' A-O 124%

<
1

Ohicago Ter Trans g 4s.. .1047 J.J

Coupon off
West Ind gen g 6s ?1932 Q-M
Clue <fc
Mich See Pere Marq
Choc O <fe Gulf Hee C R I & P
Cln H <fc D consol 8 f 7s.. .1900 A-O
Chic<fc

W

2dgold44s

1937 J-J

D & I 1st gu g 5s.. .1941 M-N
I & W 1st gu g 4s.l903 JJ
C I St L & C See O C C St L
Cln S & C See C C O St li
ClearUeld & Mah See B K & P
Olev Cln C & St L gen g 4s 1993 J-D
Cairo Div 1st gold 4s.. ..1939 J-J
Cln W& MDit 1st 48.1991 J-J
Bt L Civ 1st col tx g 4S..1990 M-N
Registered
1990 M-N
Spr & Col Div 1st g 4s. .1940 MS
J-J
WIW Val&Divconsol4a.. .1940 M-N
1st g
6s.. 1920
C St L C
Cln
Cln

\

V

Last Sale

Ask Low

a;

High No Low High
Evans

1374 1364J'ne 0{.
93 Deo '03
135% Apr '06
129% Mar'04

133% 138

125 J'ne'05
98 4 J'ne'05
98
Sale
94

97 4
115 1164 lU^J'ne'OS

7
i'35" 135" e

128% 125
60

86 '4
84 3

f>

9M

1144115

104%Dec'03

1004-

Oct '00

113

115%119
994
98

115%May'0o

*1164.

May'05

99

95 4.

<fc

j»r

102% 102%
100
99
102

fcl936 Q-J

1st gold 4s

Registered

£1936 Q-F

Cln8<& CI con

J-J

1st g 5s.. 1928
consol 7s
1914
Consol sink fund 7s
1914
General consol gold 6s. 1934

COC&I

J-D
J-D

J-J
1934 J-J

Registered

W 1st pref 1940 A-O
W 1st pf 5s...<tl938 Q-J

Dad Bl &
O Ind &

4s.

Peocfe East 1st con 4s.. .1940

A-O

Apr

Income

4s
1990
d Lor & Wh con 1st g 58.1933 A-O
Clev
Marietta
Penn RB
See

<S>

Clev & Mahon Val g 6s... 1938 J.J
^lev <fc Pitts See Penn Co
Col Midland 1st g 4s
1947 J-J
Colorado & Sou 1st g4s... 1929 F-A
Coluni & Greenv See So Ry
Col & Hock Val See Hook Val

100% 103%

1004103

1214.

112%
121% J'ne'05

112 114 14
121 34 121 34

131% 136

131%

99

,

984
104
103

Sale

'

984
964
100

744

73

116

117%

....

W

<,

>

,

75 4 Sale
95 Sale

Warrenlstref gug34s.2000 F-A
& Hud 1st Pa Div 78.1917 M-S
Registered.
1917, M-S
| Alb <fc Sus 1st con gu 78.1900 A-O
Guar gold 6s
1906 A-O
;
Bens & Saratoga 1st 7s. 1921 M-N
Del Riv RR Bridge SeePaRR
Denv<fc RGr let con g4s. 1936 J-J

97

127%
113%
102 "a
108 Sale

5

Del

103 4.
102 4

139 %.

1004 Sale
Consol gold 4*38
1936 J-J 105%
108 4
Improvement gold 5s.. .1928 J-D
984 984
Bio Gr West 1st g 4s.. ..1939 J-J
Consol and col trust 4s 1949 A-O
Utah Cent 1st gu g 4a al917 A-O
Rio Gr So gu See Rio Gr So

DesMoi&FtD See C R<fe IP
Des M & Minn See Ch & N W
Des Moi Un Ry 1st g 5s.. 1917
Det M & Tol See L S M So

M-N

131 34 135

91

934

J-D
J-D
J-D

98
95

M-S
A-O
1937 A-O

92

1st lien g 4s. 1995
Gold 4s
„.1995
1951
Det Sou lstg 4s
Ohio Sou Div 1st g 4s... 1941
Dul & Iron Range 1st 5a..l937

Registered

2d 6s
Oul So Shore

1

1

&

1916 J-J
Atl g 5s.. 1937 J.J

East of Minn SeeStPM&AI
ast Ten Va & Ga See So Ry

Elgin Jol & East 1st g 58.1941 M-N
Elm Cort & No See Leh & Y
Erie 1st ext gold 4s
1947 M-N

N

'

2dextgold5s

1919
8d ext gold 44s
1923
4th ext gold 5a
1920
6th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g. 4s prior.. 1996
Registered
....1996
1st consol gen lien g 4s.. 1996
Registered
1996
Penn coll tr g 4s. „
1951
'60-year conv 4s
1953
Buff N Y & Erie 1st 7s.. 1916
Buff & S
gold 6s
1908
Chic & Erie 1st gold 5b.. 1982
'

;

A

W

Sep

'04

2d gold 44a
1937
General gold 5s
1940
Terminallstgold6s...l943
Regis $5,000 each.. .1943

34s

1194.

Sep

'04

95
70

94
93%
114 4 J'ne'05

116

37

90
114

97

Knoxviile

84

Lake

964
116

1114116

J'ne'05

119% May'05

1174120

May'05

108*2.

107

113% J My '04

1144.

1144

10741104
11441174

J-D

105

103

M-S
M-S
J-J
J-J
J-J
J-J

F-A
A-O
J-D
J-J

M-N

F-A

108 34

132
101

.

.

107

11 0% J'ne'05

1144
Feb '05
1344May'06

133

130 Aug'03
101 4 101% 1014

100

984 Jan '04
93%
*

"93% Sale" 93

107

tdElIUBkn Se«KCoEL&P

ttdEHi SeeN

984101%

109

112

100

UO

105 4J'ly'04
103 J'ne'06

106%

103

1104 1104
103

103

Mar'03
101^ 1014 May'05
70 Oct '04
1074.
1064 May'US
102 Oct '01
94

105%.

103%
94 4
J-J
F-A 1094
824 86
F-A
80%
J-J
J-J
J-J
J-J
J-J

ibi4ioi"4
ib*5""

1044106

103

103

J'ne'05

F-A
J-D
J-D
J-D
J-D
J-D

100%.

M-S

.103

103

1064 Mar'03
95 3

4

123
86
85

May'05
Mav'99
Jan '05
Nov'04

94% 964
85 4*86"

96 Mar'05
101 4 Oct '99
884
100 Nov'00
1064
109 4 May'05
122 Sale 122
122
103% 90 Nov'98
123%....
124 J'ne'05
120%....
119% Mar'04
94%....
93%M»y'04

M-S
J-D

1074

105% J'ne'05

92%.

1104 Jan

954 96

109%1094
122

11041104

Nov'04

106%
104%
99%

106

Mar'04

M-N 119 121
M-S 102 Sale
M-S
794
J-D 1124113
M-S
854

120
102
80
113
85

122

1234125

'05

103

J-J
J-J
J-J

1074Dec'02
1004>Iay'05

•

72 4 Sale

99% 100 4
11941224

J'ne'05

102

1034
70% 81
1124116
100

J'ne'05

113

Apr '05

& Ohio

See So

Ry

71%

85

72\ 365

63

88

70

76%

Oct '00

J'ne'05

L

W lstg 5s. .1937

2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 5s. 1997
Leh Val N Y 1st gu g 4 4s. 1940
Registered
1940
Leh V Ter By 1st gu g 5s. 1941

J-J

1174118

120

J-J

115

....

1164 Apr'05
Feb '05

A-O 1164118% 120
J-J
J-J

A-O
1941 A-O

Registered
Leh V Coal Co 1st gu g 5s. 1933
Y 1st guar g 4s.. 1945
Registered
1945
El C &
1st g 1st pf 6s. 1914
Gold guar 5s
1914

Leh&N

J-J

M-S
M-S
A-O
A-O

1174120
112% 116%
117

4120

109% Apr'05
112 4 J'ne'05

M-N
109

1084109%
1104112%

Jan '04
1194May'05
1094 Oct '9£<

1174119%

115
99

115
99

105

1194.
1104.
112

.

N

J'ne'05

Jan

'05

115
99

1st consol gold 4s

/i.1931

Q-J

1064 Nov'04

114%.

1174 Apr '05

11741174

101 J'ne'05
105 Jan '05
99 4 Oct '04

101
105

102%

1004 103

100

.

102% 105
109
118

1104May'05
117 4 Jan '05

1104 J'ne'05
109% Jan '05

1081;
109',

122 4 J'ne'05
103
103

1344
1164

1344J'ne'05

113
115
11434

110

J-ly'Oj
J'ne'05

Jan

'05
Apr '05

J'ne'05

General gold 4s
Ferry gold 44s
Gold 4s

1938
1922
1932
Unified gold 4s
1949
Debenture gold 5s
1934
gold 4s
1949
Guar ref
Bklyn & Mont 1st g 6s. .1911
1911
1st 5s

1940 J-J
1931 M-N

Registered

109

109%

1104
1094

Coll trust gold 5s
5-20-yr col tr deed

.

g

EH& Nash lstg 6s

4s. 1923

A-O

100% Sale

994
105

1004
J'ne'03

YG&ELH&P

113

112

Not'03

614 Oct '01
91

91 J'ne'05
107 34 Dec'00
109 4 Feb '05
100 May'05

43

110

102%

1024
105

J'ne'04

102%

102%

05 i'014 i.03%

1054 Mar'03
112

Mar>02

lll%May'05
1124 H2H
1054 Apr'05

111%111%
11241124
1044105%

119-4 J'ne'Of

119
117

118%May'0;

122

119%

102 4105%
103
1034
101%J'ne'04
115 Apr'05
1144115
994 Sale 99
994 97 974l<»0%

1144

114>4 J'ne'05

1144117

Gas and Electric Light
LacGasLofStLlstg5s.el919 Q-F 1094
1934 A-O 105
Kef and ext 1st g 5s
1874 Milwaukee Gas L 1st 4s..l9'^7 M-N 924

1094 110
1054 May'05

108 109%
1054 1064
924
92
1084 1114
92
97%
103 4 105%
1184 1194

on Next

1919 J-D
iJ a«e.

118
73

1948
NYGELH&Pg 4s... 1949 J-D
F-A
Purchase money g
5s...

J-J
F-A

105%.
104%.

118
116
117
116
104

Nor'04

122 ia 124
103 Sale

9941034

111 1st conv g 5s. .1910 M-S
1995 J-J
1st consol gold 5s

Ed El

NY&QE1 L&P 1st con g 5sl930 F-A
N Y & Rich Gas 1st g 5s. 1921 M-N
Pat & Pas G & E con g 5s. 1949 M-S

Peo Gas & C 1st con g
Refunding gold 5s
894 924

A-O
1947 M-S

6s. 1943

ChG-L&Ckelstgug5s 1937 J-J

92 May'06
1104 110
1104
934 Sale 93
934
34 106
104
104% J'ne'05
1164
119 4 Apr'05
106 May'05
104 1074 103 May'05
n05%
1054 May'05
124
124 J'ne'05
108 1094 107 % J'ne'05
107 4108 4 108
1084
106 108 109 May'05
* 104 4 104% l044J'ne'05

Con G Coof Ch lstgug5s.'36 J-D
10941094
Mu Fuel Gas 1st gu g 5s. 1947 M-N
100 100
974
Syracuse Lighting 1st g 6s. '51 J-D
llo
Purohase money 6s
1997 A-O 1224 126 123 J'ne'05
Trenton G & El 1st g 5s. .1949 M-fc
1244127
113
Ed El II Bkn lstcon g4s 1939 J-J 94
Light's g 5s.l950 J-D 1094
94 4 Apr '05
944 944 Weatchester
"No price Friday; latest bid and asked this week, a Due Jan 6 Due Feb dDueApr eDueMay ADueJ'ly k Due Aug oDueOct

Kudson Co Gas 1st g 5s.. 1949 M-N ib*9%
£an City (Mo) Gas 1st g 5s 1922 A-O
99
lilngs Co El L & P g 6s.. .1937 A-O 109

f

103 34

99
103

1104 J'ne'05
1134 Mar'00
Apr '05

J-D 1004.
M-S 1014.
98
J-D
M-S
J-D
M-S 102 103
12041234
M-S 1074
102% 105
M-S 104%
13441364
N YB<fcMBlstcong5sl93o A-O 1134
& R B 1st g 5s
1927 M-S 1114113H*
116 116
NY
117 117
Nor ShB lstcon ggu5sol93'J Q-J 112% Sale
106
Louisiana* Ark 1st g 5s. 1927 M-S
1144116
Louisv & Nashv gen g 6a. 1930 J-D 119 4120
1024104
1937 M-N 119
109 111
Gold 5s
1940 J-J 1034 Sale
Unified gold 4s
11741174

88

96
2
964
964
944 974
108% Sale 1054 108% 322 95% 111
124 126% 1264 Mar'05
12641264
1044
110 Mar'05
105 110

M-N 1134 Sale 1134 114
10 113
A-O
704 69 J'ne'05
66
J-J 172 Sale 1714 173
52 169

G LN Y 1st con g 6s.. 1932 M-S
iq G & Fuel See P G & C Co
«<:a8 & Eleo Berg Co c g 5s.l949 J-D
Ren Electric deb g 34s. .1942 F-A
*r Rap G L Co 1st g 5s.. .1915 F-A
iiq

2

..104H. 103

A-O
M-S
A-O
A-O
M-N
M-N
J-D

Leh & Hud R See Cent of N J
Leh & Wilkesb See Cent of N J
137
Leroy & Caney Val See Mo P
103% Long Dock See Erie
Long Isl'd— 1st cong5s.fcl931 Q-J

9l""95*"

1

Gas and

Electric Light
Gas 1st con g 5s. 1945
Buffalo Gas 1st g 5s
1947
Consol Gas conv deb 6s. ...1909
Uonsum Gas See P G & C Co
Detroit City Gas g 5s
1923
Det Gas Co con 1st g 5s. ..1918

109

J-J
J-J
J-J

1950 A-O

Erie<fc

MISCELLANEOUS BONDS—Continued
U

34!

1044 1044J'ne'05

1014.

92

1014103

F-A
M-N
M-N
MidRRofNJlstg6s.l910 A-O
Wilk& Ealstgug6s.l942 J-D
Erie & Pitts See Penn Co

Bklyn

85

10241051*

SeeStL&SF

Kentucky Cent See L <fc N
Keok & Des Mo See M & St

1144.

RR 1st gu g 5s....al909 A-O
Long Dock consol g 6s.. 1935 A-O
Coal & RR 1st cur gu 68.1922 M-N
Dock & Imp 1st cur 6s. .1913 J-J
N74 Green L gu g 58.1946 M-N
N Y Sus & W 1st ref 5s. 1937 J-J

.

Registered

Registered

81% Mar'05

112%.

101%
101

10841144

See So Pac

Kan C & Pacific See M K & T
Kan City Sou 1st gold 3s.. 1950 A-O

100

115

92

M

964 964Apr'05
94

101
101

bale

r,

J'ne'05

109% 1104 109 34

illinois Central 1st g 4s. .1951 J-J

M

M-S
M-S
A-O

Jeff

.

& W Tex

H2»4

102 4Maj'05

,

H Vlstextg4s..l948 A-O

N

110

.

Li§% i'u"

Mar'98

10'.*%

101%

Houst&TexCen Se«SoPacCo

1951
1951
Registered
i04%NoTV 0i
1951
Extended lstg 34s
1951
34
1st gold 3s sterling
100% 100
98 101
1951
Coll Trust gold 4s
74
714 84
74"a
1952
112 ia Feb '04
Registered
1952
O & Tex gold 4s ...1953
Registered
116% Jan '05
11641164
195
Cairo Bridge gold 4s
1950
Louisville Div gold 3 4s. 1953
75% 129 73 34 77
74%
95
55 904 95%
Middle Divreg5s
94%
1921
Omaha Div 1st g 3s
1951
St Louis Div gold 3s
1951
Registered
1951
Gold 34s
1951
Registered
1951
Spring Div 1st g 3 4s... 1951
108 Mar'05
108 110%
Western Lines 1st g 4s. .1951
Bellev & Car 1st 6s
126 l4J'ne'06
126 129 34
1923
128ia 1284
Carb & Shaw 1st g 4s. ..1932
128% 131%
Chic St L &
127 J'ne'05
127 130
O g 5s.. .1951
Registered
1951
Gold 34s
12941304
1301a J'ne'05
1951
112 4, May'05
112%115
Registered
1951
104 May'05
Memph Div 1st g4s...l951
103 105
108
108
St L Sou 1st gu g 4s
1054108
1931
102 Feb '03
Ind Bl & West See C C C & St L
134 May'05
134 1344 Ind Dec &
1st g 5s
1935
149 Aug'01
1st guar gold 5s
1935
103 '4 J'ne'05
1034103% Ind 111 & Ialstg 4s
1950
102 J'ne'05
102 1064 Int & Great Nor 1st g 6s. .1919
142%Mai'05
2d gold 5s
14241424
1909
3d gold 4s
1921
100% 100%
100 102 4 Iowa Central 1st gold 5s.. 1938
108 Apr '05
Refunding g4s
108 1094
1951
Jefferson RR See Erie
107 4 1074
107 4110
98
98%
98 101
See
Kal A & G R See L S & S
an & Mich
91 J'ne'05
89
94 4
Tol & O C
97 Jan '02
K C Ft S &
See St L & S F

<fe

Det& Mack

116

114

Apr '05

10241054

1999 J-J

KC&MR&B

105 4.

1104J'ue'05
114 Apr '05
104 Oct '04

105

N YN H& H

W

134

•

i

See

Registered

Honst E

12341244
10641104

J'ne'05

112 Sale
89 \ 90

W

LN

.

<fe

N

131%

114

J-J

J-D
FtW<fc RioGr 1st ft 4s... 1928 J-J
/ jal Har & S A
See Ho Pac Oi
V7alH<feHofl8821st5s.l913 A-O
Georgia & Ala See Sea A Line
Ga Car & Nor See Sea A LintGeorgia Pacific See So Ry
Gila V G & Nor See So Pac C<.
Gouv & Oswegat See N Y Ceni
Grand Rap & Ind See Penn BB
Gray's Pt Term See St L S
Gt Nor—C B &. Q coll tr4s 1921 J-J
Registered, h
1921 Q-J
Greenbrier Ry See Chea & O
Gulf & S 1 1st ref <fe t g 5s &1952 J-J
& St Jo See C B & Q

Han
ousatonic

January 1

See Pere Mai

lstg 44s. 1941
W & U DCo1st g 6s. ...1921
Den C

1st gold

M-S 1093s....
Morris& Essex lst7s.. .1914 M-N 1264126%
1st consol guar 7s
1915 J-D 1284132
_...1915 J-D
2000 J-D
Y Lack & 1st 6s.. .1921 J-J
Construction 5s
1923 P-A
Term & improve 4s
1923 M-N
Syr Blng & N Y 1st 7s.. 1906 A-O

99%

Since

or

High No Low High.

124

1124...

Hock Val lstconsolg44s.l999 J-J

112%

.

& Waco See M K T
Del Lack & Western 7s... 1907
Registered
1st ref gu g34s

99 34

PereM

urtSt

it

Ask Low

C & Pemn See Sea Air Line

Col<fe

113

<fi>

'.;

1014

102 14 102 !4
100 Oct '04
99 34 Feb*05
94iaAug'()3
105 Jan '04
103
103

W

k

104

100

984100%

Col Conn & Term See N &
Conn & Pas Rivs 1st g 48.1943 A-O
Dak Gt So See CM & St P
alias

101

100%Mar'00

,

'

IO2I4

100

100

.

1

Range

1204-.-.
110 ...
113 ...,
1054....

M

&

\\\,&
.

Week's
Last Sale

Bid

&TH

1st cons 68.1921 J-J
lstgeneral gold 5s
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-O
Sail Co Branch 1st g 58.1930 A-O
i><fe ind lstcon gug68..1'J2i; J.J
urgo
So See Ch
Ac, St V

99

Range

Price

Friday
July 7

STOCK EXCHANGE
Week Ending July 7

N. Y.

^ January 1

,

[Vol. lxxji.

2

BONDS

Range

Friday
July 7
Bid

Chic&StL SeeAtchT&SaFe

—Continued—Page

May'05
Jan '05

105
103

108
103

1054 105%
123% 127%

1074 109
108

110

1074 110
1044 1074
110 112%
1114113

gDueDeo ^Option

sale

J

July

m

S,

11

.

Bond Record— Continued— Page 3

1905.

BONDS

XT.

H

STOCK EXCHANGE
WSEK ENDING JfLT 7
Y.

NOAH
NOAM

M-S

MS
M-S
MS

1214121 4

75
113
10134
110

98
96

*,

:3m., 18S

Ul

J'ne'02

Nov'99
May'05
Feb '06

115

113
114 3*
105
99

A-O
M-S

Coal

-Is.

.

Mar'05

1053a

.

104
104

81

Sale
Sale

124

124

074

99

19
11

984 35
May'00

105

W

J-D
j-r>

A-0
J-D
M-N
M-S

i

J.J

Minn A St L gu See B C K A N
M St P A S S M con g 4 iut gu '3> J-J

M 8 S M A A 1st g 4 int gu 192(3
,Mlmi Un Bee st P M AM

1364....

137 J'ne'05
108 34 J'ne'05

108V- --

1204 Apr '05
113 4 Mai '05
1144116 II434 J'ne'05
964 974 97 4 J'ne'05
964 Sale 964
964 10
1194..-.
110 ....

102 34 J'ne'05
103 Nov'01

101

J-J

'Ho Kan A Tex
2d gold 4s

1st g 4s. ..1090 J-D
fflOOO F-A
1944 M-N
1st ext gold 5s
.6t LDiv 1st ret g 4s.. ..2001 A-0
1st gu g 5s...l940'M-N
tal
anC Pao 1st g 4s...l990lF-A

TexAOklal8tgug5s...l04J -MS
100C M-N
Alissourl Pacific 3d 7s
* 1st oonsol gold 6s
1920 M-N
gold os stamped.alOl" M-S
Trust
Registered
al917 M-S
1920 F-A
1st coll goldSs
Cent Br By 1st gn g 4s. 1919 F-A

LerqyACVALlstg5sl926 J-J
Pao R of Mo 1st ex g 48.1988 F-A

105
104 a4 Sale
12 1

4 Sale 1214

108 108 34 108 J'ne'05
974....
98 J'ne'05
104 V... 110 Mar'05
10434 ....
105% j'ne'05

2d extended gold 5s... 1938 J-J

116V...
117

A ref gold 4s. .1929 J-J
Bit A G Div 1st g4s.. 1933 M-N
Verdi V I A W 1st g 5S.1926 M-S
Mob A Blnn prior lien g 5s 1945 J-J
1945 J.J
Mortgage gold 4s
Mob J A K Cist cons g5s.l953 J-J
Ohio new gold 6s.. 1927 J-D
Mob A
Unified

1st extension gold 6s.. A1927 Q-J

1938 M-S
MontgoniDiv let g 5s. .194" F-A
Cairo coll g 4s..el930 Q-F
St L A
Guaranteed g4s
1931 J-J
coll 4s See Southern

General gold 4s

MAO
Mohawk

A Mai fieeNYCAH
Monongahela Riv See B A O
Mont Cent S«StPM4.M
Morgan's La A T See 8 P Co
Morris A Essex SaeDelLAW
T
ash Chat A StLlst7s.l913
1st consol gold 5a
1928
Jasper Branch 1st g 6s. .1923
Al 1st 6s. .1917
McMM
T A P Branch 1st 6s. ...1917

102
112

LAN

Nash Flor A Shet See
iKat of Mex prior lien 44s. 1926 J.J
1st oonsol 4e^.
1951 A-O

New HAD fieeNYNHAH
N J June RR See N Y Cent
NewACinBdge SeePennCo
N O A N E prior lien g 6s ;,1915
N X Bkln A Man Bch See L I
N 1 Cent A H Riv g 34s. 1997

924

174

953s

33

9334

94

A-0

N YAPulatcongug4a 19931 A-O

110
L06

J'ne'03

74

964May'05

U4 34 Apr'05

i05 4Miu:'O5

105

1194 Mar'05
117% J'ne'05

1174119%

103

Feb '05

95

95

13134

103%

1043,.

103

824

1114 Feb '05
133 4 Jan '05
1324 May'05
132 4 Dec '04
102% 103
9934 J'ne'04

Sale

954 Sale

119

94

1014
92
90

Sale
Sale
90*6

994

99
99
101

J'ne'05

10i4

914

92

90
904
914 90 4 J'ne'05
90
90

904
90

107 4 Feb '05
102 Mar'04

1053a

1014

105% Sale 1054
77i.

7634

77

'

994101

90

1184
113%
108%
1004101
924
113%

1124J'ly'03
109 J'neOS
100 4 Apr '05
92 4 Apr '05
116%J'ne'05

116
111

1184Feb'05
U14J'ne'0o

100

100

1124

*

*

St L A P 1st con g 5a. 1932
Registered
1932
CI A P gen gug 4 4a ser A. '42
Series B
1942
Series C 34s
1948
Series D 3 4s
1950

,

Sale

92
9734

119

,

100%
1004
1004102%
99
99

90 34
89

93

89

Series
Series
Series
Pitts Ft

90

914
894 914

10641074

2d7e
3d 7a

103

.106

l07 4J'iy'oo
105 Oct '02
106 Mar'05

C guar

M912

103

.

1

7B '-Sale

74% Sale

"Gr P.ivCoal
Jeff
Clear C

1

-

ValCoall8tg8f58.192* J-J

754

74*

fc

102
107

102

105

10341054

i'a

75 4 78
74 4 70-'4
101

100

1254126%
107»4 109

99% 101
92 4 92 4
115 1164

90

894

NorthwTelguf
1064107

Tenn Coal gen 5a.
11951 J-J
97 4 Sale
Tenn Div 1st g 63
llo J'ii.'<>5
<zl917 A-O 118
Binn Div 1st cousol 8a. .1917 J-.l llo 113 4 112% J
Cah C M Co 1st gu g 6a.l 922 J -D '104
De BarC A I Co gu g
fa
V Iron Coal A Co lat g 6«.J.<1" Ms, 904 Bale 1 04% W
5s. 19 19
•No price Friday; latest bid and asked this week, a Due Jan
1

tr

4a 1929 J.J

4

1154

1024104

1084H14
too

100

94
97

94
98 34

117*4 120

113

11-14

112411334

1124H3

103
93

103

106

107

93%

-Sop '04

Aug'03

101 \ 94 10141014
1044 164 1014107

,

Nov'97
Jau'05

110

110

111

1114

102
110

,

96% Sale

96%
92
109

i"io4

'.'.'.'.'.'.

B8%

'-'-4

96%

Deo'OJ
Ocl '99

1094Mayo-,

L09

1

105 4 J'lv'o.:

108%

108%

0)8^

1054
1004
100%

105H
UO'.j Mai'u.".
103 J'ly'oi

11041104

Wanufncturlng Sc Industrial

Am Cot Oil ext 44a
Am Hide A L IhI m

111

I

Am

.\ia

<ur

-(

\mi Spirit*

98%
3:S
A-0

m

r

di b

MS

-

Thread 1st col tr 4S...1919 J-J
Tobacco 40-JTg Oa
19 11 A-O

4a
fell

4

101
103 34

?:j

4»g..l031 J-J

I

Liu-,

9941004
112

1114J'ne'05

104
110
102
109

1

Oct '00

11

106

4 Sale

1044 Sale

1918 M-N
N V A N JTel gcu g5s..l92o M-N
Went Union col tr en
J-J
Fd and real eat g 4 4a...
M-N
MutUnTel a fund 63...191 M-N

.'

11141134

1'iiko

Brie T A T
MetT ATlatsf goa

68
60 4

J'ne'05

1184 11S4

and Telephone

lat g 4s. .2397
col tr g a f 5s. .1926

4JMVO4

1024Oct '".;
4104 4 107 May'05

101

1054 Coram Cable Co

107%!'

1

A C 1* g 6s. .1919 A-0
-at
A
A I latg 68.1928 J-D
2d gold 58
1920 J-D
fl an A H C A C 1st e f g 5s.l951 J J

72 4
71

102
85
si

1

Gr

on Next

.

1034.

D R R R A Bge let gu 4a g.'36
R A I ex let gu g 4 4al941

107

Am Telep A Tel coll

107 4 Oct '04

.1034 103 4 103 4
90
85 May'05
874 Apr'05

119

Consol gold 5s
1010
Consol gold 4s
1043
Convertible g 3 4a
1915
Convertible g 34a
1912
Alleg Valgen gu g 4e... 1942
CI A Mar 1st gu g 44a.. 19;;;,

Apr'05
Apr'02
1084 10S4
106 Jan '05
102 Nov'98
94
94
97 May'05

113 J'ne'05
112 34 J'ne'05
112 4 J'ne'05
103 J'ne'OB
93 May'05
127% Oct '02
121 Mar'04
119 Apr'04
107 Feb "05

1114
1034

1042
1045
1949

1912

Teleirrapli

1.

114 104 34 10634
"

96 Jan '04
102 Nov'00
98 34 Apr '04

104
11234
11234

D 4s guar
E
g
W 34Cguar 7s. ..1912
A 1st

MISCELLANEOUS BONDS—Continued

I

ioo%

94 4 97%
109 4109 4
100 103

.

973<i.

Penn RR let real est g4s.l923
Con currency 6s reg... 01905

Apr'02

95

104%

"9484

1084Aug*03

1144.
1154.

gug34s B.1940
1940
NACBdgegengug44sl945
PCCAStLgu44sA...1940
Serlea B guar
1942

1124

103
102

120

,

97

J'ne'05

1124

Salo

1921

C

.

.

105%

104 34 J'ne'05
70 a4
774
75 J'ne'05
100 Mar'05
125 4 Apr '05
132 J'ly'99

12534

1084

10541054
7934 834

V

100%

100

1014 J'ne'05

104 34

W

Registered

121

107 4.
89

11141114
13341334

•

106>4

106%
1034103 4
103

132413234

99%
99%
954
96
109 4 Feb '05

99 4 Sale

A Pitte
Seriee C

Sale

51

'05

110

Guar 348 coll trust reg.1037
Guar34scolltr ser B...1041
Tr Co certll'a gu g 3 4-s.lOiG

1154119
99

4 Jan

131%
1324
1304
102%

<z2047

107 41 07 4
104 106

Apr '03

104

11741174

105 4 May'05

81%

1074 Fet> '05

104% Sale

:

1104

L18

105
Mar'01

oswego A Rome See N Y C
St P See C A N
Oz'rk A Cher C 1st gu 5s g.1913
Coast Co 1st
Fac of Missouri g 5s 1946
ac
See Mo Pac
Panama 1st a fund g44s.. 1917

O C FA

J'ly'04

Apr'05
1174 Mar'05

82 4 Sale

107
Sale

1054

'„

'02

1254

A Mont See N Y Cent
A W See
OIndRiver RR C C C A St L
hio

120% 123
1144117

J'ne'05
J'ne'05

113

Jan

11334

105
101

Sink fund subsidy g 6s. .1010
Penn Co— Guar 1st g 44s. 1921

113%
1124

.

.

105

Wash Cent 1st g4s
1948
96% Nor Pac Ter Co 1st g 68.. 1933
Nor Ry Cal See So Pao
98
Nor Wis See C St P M A O

Not'04

123
115
121

108

.

11734
107

St P A N P gen g 6s.. ..1923
Regiatered certific's..l923
St Paul A Dul 1st 5s
1931
2d 5s
1917
1st con80lgold4a
1968

119

120
106

1154.

a2047
1990
1996
See Gt Nor

C B A Q coll tr 4s

121

19

I

1014.

A C joint 4s. .1941
CCATlstgug5s
1922
Scio V A N E 1st gu g 4s 1989
North Illinois See Chi A N W
North Ohio See L Erie A W

98

I'M

tin;

964* May'o'.i

974.

1st g 5s.l936
General gold 5s
125 34 129
1937
Ore A Cal See So Pac Co
122 126
OreRRANav See Un Pao
964 99
11334 115% Ore Short Line See Un Pao

12534 J'ne'05
126 J'ne'05

95
101

\|.r'(ll

1004Nov'00

PocahC

5a.l916lA-0

Coal and Iron
Col Fuel Co gen gold 6e. 1919 M-N
Col F A I Co gen a 1 g 5a 1943' F-A
Convertible deb g 5a
1911 F-A
Trust Co ctfa
Col Indualstconv5sgu A.1934 K-A
\j\n liiuusisLconv;
1 st conv 5e gu St
..1934 F-A
^ontln'talClstat gu5ag.l952 F-A

leas

1940

1990
Div'llstlAgeng4s...l944

934 934
9541004

974 1004J'ne'05
1274....
1224....
964....
114 117
914....
98%....

Feb '06

Nor

934 Apr'05

'

-

954

121

Regiatered

1104

i

.Ian "03

Erie

J-J
Registered
1997 J-J
Deben g 4s
M-N
1934
Lake Shore collg 34s...l99e F-A
Registered,
F-A
Mich Cent coll g34a....l998 F-A
Registered
F-A
Beech Creek 1st gu g 4s. 1936 J-J
Registered
1936 J-J
2d gu gold os
1936 J-J
Beech Cr Ex 1 1 st g 3 4s 6 1 5 A-0
Cart A Ad let gu g 4s. ..19-1 J-D
Clearf Bit Coal lata (4s. 1940 J-J
fiouv A Oswe 1st gu g 5a 1942 J-D
Moh A Mai 1st gu g 4s. .1991 M-S
N J June R gu 1st 4a.. .1936 F-A

A Mont let gu g

116

1114Mar'04

115 116
117t8

J.J

11

954

Sale
95% Sale

1194120

J-J
J-J

1164

93 34

95

A-0

WA

11834 J'ne'05

1164

IO934 Oct '03

J.J

1

107
5

I24" 124""

"

l"

106

NYALongBr See Cent of N J
NYANE SeeNYNHAH
New York New Hav A Hart—
Houaatonic R con g 5a. .1937
137 137
N H A Derby con g 5s. .1918
10834 11136 N Y A North See N Y C A H
1204122
N Y O A W ref 1st g 4s. .«rl992
1134 1134
Regis $5,000 only
jrl992
1144117'., N Y A Put See N Y C A H
95 4 98*6 N Y A R B See Long Island
964 984 N Y S A W See Erie
N Y Tex A M See So Pac Co
99 10234 Nor A South 1st g5a
1941
Norf A West gen g 6s
1931
Improvem't A ext g 6s.. 1934
10041044
New River 1st g 6s
1932
84 a 88 4
N A W Ry 1st con g 4s. 1996

1044110
103 1054
1164118 34

2

139

121

RWAOTRl8tgug5s.l91S
Utloa A Blk Riv gu g 4s. 1922
N Y Chlo A St L 1st g 4s. 1037
984
1937
Registered
N Y A Greenw Lake See Erie
N Y A Har See N Y C A Hud
N Y Lack AW See D L A W
N Y L E A W See Erie

1214 125.%
100 4 110%

M aV'i

'

J

114
108

.-

1073s

1034
1034

100
L08

-13S4

1940
1961
1052

General lien gold 3s
Registered
St Paul-Dul Div g 4s
Registered

9941014

1014
May'03

102

142

R WAOconl8text5s.?tl922
Oswe A R 2dgug5s...el915

10334 107

1004

H94J'ue'06

122
120

1074 1074 Nor Pac—Prior lien g 4s. .1997
104 4 108%
Registered
1997

1214

107

10a
107 4 J'ne'05

1004

1

High
10741 10
107
I094
904 102

1074

L08

105

N

864
174

I

Bale

1931

g34e

,/*

Bine*

lltoh

l.o\o

4 Sale 1014

101

Bal C ASturlstgugSs.loso
Y A Harlem g 34s. ..2000
2000
Registered
N Y A North 1st g 5s. ..1927

94% 054

106 J'ne'05
104 34 104' 4

107

SlLIrMASgencongosl'.cn A-0
Gen con stamp gtd g' 5a 1931 A-0

Nor

let

111 114
104*8 108 34
106 1094

:

•

107
104

A

934

i

let coneol 6a. 1 000
1981

LA § 1st g 34s

l:o a

or

January

1004

'*''

Kit 1st 5s.. 103-1

Regletered
4e
Registered

101 4 Sale 1014 1014 36
88 4 Sale
884 191
864
4
105 410534 105 34 J'ne'05
IO334 108
90 4 92
90 4 J'ne'05
87
914

1053-4
1054 Dec '04
A Wa
95
953.
95 Apr'05
A
1124114 114 J'ne'05
MoK A Elstgug5s...l942 AO 106 107 106VT'ne'05
M K A Ok 1st gu 5s 104-2 M-N
1074 1074 107 4
MKATorTlstgug5s.l942 MS
1074 Feb '05
SherSh A So 1st gug 5s. 1943 J-D 106%

,

04 4

90%J'ly'01

W

M

,

5s

73*8 79

79
22 4
13

0*1

Mioh Cent

1064109

774

78

77
22

1st gold 6s.. ..1910

MiALSAW

^

1.,

J

1044
Apr '05

1

UoK A V 1st gu lis. 1932
2'l iruarOa
1984
MeKeesABVlatgOs 101s

NY

Mex North

-

Malum

994 994

J'ne'05

104
109

8861
1997

Pitts

4 113
11541164

994 J'ne'05

104 4 1044

104

11.-,

Hid
L08
107

1928
Del Hon a Tol 1st 7s. 1906
K;l A A- G R 181 TOO 58.1938

Mar'03

110

.

113
112

4s

3

Registered

J.'tnye

[i

Debenture g 4a

os 4 101 s4
110
B6
874

1124 Mar'05
1164 Mar'05

V
V

Lake Shore gold

U4

110

86*6 T'ne'OB

i'104.

F-A
K-A

Registered

eck's

\\

tridav
J in 7

7

N v cvnt a- it Br-f ContinuedJ
Weat Shore IstisgU..

L384 1364

1214 May'05

Price

stock exchange

wkkk Ending jily

1

112

FA

"Mich Cent See N Y Cent
Mid of N J fi^Erle
See Chic A N
Mil A Mad See Chic A N
A St P
Mil A North See Ch
Minn A St L 1st gold 7s.. 1927
1909
gold 7s
Iowa Ex 1st
Paclflo Ex let gold 0s... 1921
I Southwest Ex 1st g 7s. 1910
1934
* 1st consol gold5s
£ letand refund gold 4s. .1040
5 DeaM A Ft D 1st gu4s...'35

I

January

1214

lOS*,,

1090 A-0
1990 A-0
MetropolEl 1st g 6s. ...1908 J.J
1934 j-d
Colouiz g5s
Man S
Cent
McK'ptABV See
El Bm Man Ry
Metropolitan
Mei Cent consol eoUi 4s. .1911 J-J
1st cousol Income g 3s. a 1039 J'ly
2d consol income g 3s..al039 •rij1919 A-0
Equip A coll gold 5s
Coll tr g 44s 1st Ser. ...1907 FA
Mex Internal 1st oon g 48.1977
1977
Stamped guaranteed

^

*;*:

n. y.

132 J'llc'05
120 4 lvi.v;,
114 Apr '05

J.J

LNAACh teCUL
««LS*5IS

•

Last Sale

132'
129

M-S

LA

w

Cilice

J-J

SAN

anhattan Kv consul
Registered

I50.\l>>

Range

J.J
J.J

S

Mahon

Week's

Range or

Bid
Ask Low
High So Low I/u/fi
100 lCar*0B
109
M-N logs.
109

LouLsvA Xsiahv—(Continued)
LClnA Lex gold 44s... 1931
1930
1st gold 6s
1980
2.1 gold 6s
PensacolaDlv gold8s...l980
1981
Div let gold 6s
St L
1980
2d gold 8s
Hender Bdgelstsf gOs.1931
gold 4s.. 1987
'Kentucky Cent
LA N i M A M 1st g 4 4s 1945
LAN-South M Joint 48.1952
INaA S 1st gug 5s. ..1937
Pene A AU 1st gu g Ba..l99
Ala con gu g 5a. .193c
1910
Sink fund gold 6a
Jeff Bdge Co gug 4s. .1945

-

Price

lYidau
July ?

143

«

Dae

L951
.lay

g Dae

.

no

Mil

l<

A

07 4

79

77

101

Mny'o.l

•17

98
SM

Bale

1164 Bale"
704
p Duo Nov

75

.

J

77

10%

77

:!

1104118%
71
77%

BOA US
STOCK EXCHANGE
Wkkk Ksmisi. Jn.v 7

N. Y.

lMnlal(al&

1st g 4fl.. 194
1st g A*.. .1936

«
M-N

J-J
Sunifc Lewis
J
<fc Can gen 48.1944 M-S
& All Bee
Nasi
Peoifc East SeeCCO&SI L
r.»_'l
Peo& 1'ek Un 1st g 6a
2d gold 4*28
61921
1921 J-D
PereMaro,— Ch&
Flint it
g6a
1020 A-O
1939 M-N
1st consul gold 5s

UN BR

WU5a

PM

Pt Huron Div

1st - 58.1939
lstgug 4s. 1931

A-O

SagTusA u
FA
PhilB& w See Penn un
1911 J-D
Phila & Heading cons 7s.
Pine Creek reg guar 0s... 1932 J-D
Pitts Cm & St L See Penn Co
Pitts Cleve & To! See B <fe O
Pitts Ft
ife Ch
See Penn Co
1922 JJ
Pitts Juno 1st gold Us
Pitts & L Erie 2d g 5s...oT928 A-0

W

&Y

Y

Pitts McKeee
SeeN Cen
Pitts Sh
L E 1st g 5s. ..1940 A-0
1943 J.J
1st con sol gold 5s
West See B O
Pitts
con 5s. 1927 M-N
Pitts Y it Ash 1st
1997 J-J
Reading Co gen g 4s
1997 J-J
Registered
Jersey Cent coll g 4s.. .1951 A O
Rensselaer ifc Sax See
Dan See South Ry
Rich
Meek See Southern
Rich
Rio Gr West See Den <fe Rio Gr
Rio Gr June 1st gu g 5s... 1939 J-D
Rio gr So 1st gold 4s
1940 J-J

&

&

Guaranteed

99

&

See

Pitts

103

121'i

....

....

101
109

'v

....

2d gold 6s Class C
1906
General gold 6s
1931
General gold 5s
1931
St D ite S F HR cons g 4s. .'90
Southw Div 1st g 6s. .1947
Refunding g 4s
1951

-Sep '04

n.

115 3<

119*4

L2%.„,

1

.

137

118

Hi

119
110

Hi

120
122

1933 J-J
Registered
1933 J-J
Reduced to gold 4*2S..1933 J-J
Registered
1933 J-J
Dakota ext gold 6s
1910 M-N
Mont ext 1st gold 4s
1937 J-D
Registered
1937 J-D

1st consol gold 0s

A-0
1948 A-0
1922 J-J
193, J-J
Registered
1937 J-J
1st guar gold 5s
1937 J-J
Wlllife S F 1st gold 5s.. 1938 J-D
1st g5s.,19o^-

Nor Div 1st gold 4s
Minn Union 1st g 6s
MontC 1st gu g 6s

St P & Nor Pac See Nor Pac
St P & S'x City See C St P
&U
Salt Lake C 1st g s f 6s... 1913 J-J

Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Car Cent 1st con g 4s. ..1949
Fla Cen ifc Pen 1st g 5s. 19] i
1st land gr ext g 5s ...1930
Consol gold 5s
1943
Ga& Ala Ry 1st con 5s ol94.".
Car & No 1st gu g^s 1929
Ga
Seab& Roa 1st 5s
1920
Sher Shr & So See M K & T
Sil Sp Oca <fe G See Atl Coast L
Sod Bay & So 1st g 5s
1924
So Car & Ga See Southern
So Pac Co— RR 1st ref 4s. 1955
Coll tr g 4*28
1905
Gold 48 (Cent Pac coll).fcl949
Registered
&1949
lstgn g5s
A<fc N
1941
Cent Pae 1st ref gu g 4s 1949
Registered
1949
ftlort guar gold 3*2.s..fcl929
Gal Har & S A 1st g 6s. .1910
2d gold 7s
1905
MeiA PaclstgSs 1931

W

A-0
M-N

98

J-J
J-J

J-J
J-J
J-J
J-J
J-J

JO
J-D
J-D
J-J

F-A
F-A
J-D
F-A
J-D

M-N
Gila
1st gug5s.l924 M-N
Hous E <fe
T 1st g 5s. 1933 M-N
1st guar 5s red
1933 M-N
H<fc TG 1st gSsintgu.. 1937 J-J
Consol g 6s int guar.. .1912 A-O
Gen gold 4s int guar.. 1921 A-O
"Waeo&N div 1st g 6s '30 M-N

V&&N
W

W

101 "4 Sale

101

106

^
83

AO
A-O
M-N
M-N

113
1083 8

AU

.

Mar'03

109
75

Jan

'0

r

ETVa&Ga

109

89

J'ne'05

89

116

100 100
98 Hi 101

0;

89

77

103 May'Ol
101 l4 N„v'01
:

94

i.i

95 78 J'ne'05

96

96

93

General 5s
1936
Guar stamped
1930
O <fe
1st cy en 4s. .1924
WestNC 1st con g 6s.. 1914
S & N Ala See L & N
Spok Falls in Nor 1st g 68.1939
Stat Isl Ry 1st gu g 4*2S..1943
Syra Bing & N Y See D L &
Per A of St L 1st g 4 HiS..1939
-L 1st con gold 5s
1894-1944
Gen refund s t g 4s
1953
St L
Bge Ter gu g 5s. 1930
Tex & N O See So Pac Co
Tex & Pac 1st gold 5s
2000
2d gold inc 5s
02000
La Div B L 1st r 5s
1931

W

103 J'ne'05
104 1 8Feli O.131 May'05
113 58 0'ne'O;

1031s.

102
104
129 Hj
112 Hi
9934
101

,

1

8

113

.

.

100

lo2

'

4

88 3 Sale
.

125

89% Sale

8934

Sale

98>a
84»4

Sale

81 H,

109%.
135

89

7

6

9S S,
8-'-i

82

25
11
146

92*4

W

'

M

111

lllHi.
1 1

Hi

1

Hi

Ill's

llOHjMay'of,
103 \» J'ne'05
106 May'01

103*2.

103*2...

104\ Mar'05
124 May'05
135 Jan '05
134 34Dec'04
118 Hi Feb '05
117 Jan '04

1313s.
Hi.

117V

110
108

106

Jan

.

.

.

102*2

113

May'05

'04

108

J-J
J-J

M-N
M-S

OC

1st

Hi

Sale

97^ 99
115
95'4

110
114

115Hi

iVJ"*3

95

- Hi

>s

May'05
May'05

116*3 11mH»
114 116

119*2122*9
114 116

H.

112'a

Jan

121*8 1 -'5
123*4 127
115 34 13
112
112%
8
96*2
108 ^11
'

'05

Feb'05
108*8 May'05
123 Feb'02
110 Dec '04

lOOHillo

Jan '(,'5

114

114*2

114 114
114*3117
114*2114*9
3
97
4
115*4110*8

114Hk J'ne'05
114*2 J'ne'"5

97 34 May'05

F-A
J-J

113*4.

116*8

Mai '05

J-J

127

117
100

Nov'04

:i

4

.

.

J-D

A-O 111*8...
F-A 122% .„

-'

1

J'ly'00

Ul*sApr'05

111*8112*3
12**9
121
98 34 101*8

122^3 J'ne'05

99*2...

J-J

99

Ha

99 H.

112*8 J'ly'04

J-D
Mai

122

Sale

122

J. J

100*2
113*2
114

AO

96

Kan & M 1st gu g 4s
1990 A-0
Tol P & W 1st gold 4s
1917 J-J
TolStL& Wprlieng3*as.l925 J-J

A-0
J-D
J-D

.

.

96*2
92*4

.

93

90
85 *4 Sale
97*8
110*4

A-O
J-J
J-J

105^ Sale

M-N
M-N
J-D

130

F-A
J-J

J-D
J-D
J-J
J-J

Sale

102*2 8aie

126

.

...

116*3
96*4 Sale
10738.

93 34 102

106 Hi
11634
111
112

111% 111%

Nov'04
114*2

J'ne'05

May'Oi
Apr'05

116%

110*2 112
95*2 98*3

96*3 J'ne'05
*4
92-,

92

91

.'5

97

98%'

85% 91%
-6%
83

9178 May'05
85
97 J'ne'uo

110**8 113
110=8 J'ne'05
95*4 Jan '05
95*4 95*4
7
105
105 t 94 IO434 108*9
103*2 106*4
106 J'ne'05
- 352 112% l:i8»9
131
127
13734 Apr'05
11636 i.-:7%
104
102 '2 102*2
2 102
127*9
126
126
1 124
119*2 J'ne'05
117*2 120
96*4
96*4 105 95*8 98*9
;

104*sl04%

104*2J'ne'0;

irginia

Va

90

Sale

90
88HJ
103 Ha 103 Hi
95 Mar'05
109 Feb'05

103^104
108
103 Ha.
.

107*2.

110

102
95
109

09 Hi Mar'05
112H,J'ne'05
110 Jan '05
111 1! Ma^OS

.

.

100

102

Jan

104 4
98 5s
109
:!

109*a 109 Hi
109 Hi 114

1

110%.
109

84 34 92

110

110

'03

95 34 Sale

95 «8
96
102 May'05
'93% Sale" 93
9334
94 May'05
109 Hi Feb'05
102 103 10i 34 102 Hi
99 "4 Mar'03
88 % Sal
88 14
89
109% 110% los>s Mar'05
103 Sep '04
111
115 Feb'05
107 %.
107 8 J'ne'05
107*4 Feb'05
103 Hi J'ly'04
110
112^ J'ne'05
113 Dec '04
.100 100'e J'ne'05
123
127Hz Feb '02
»:

460

'43

95 % 98*2
101 102
92*4

97*4

91
94
1087 1115
"76 1003 8 104 6

<fc

Debenture series

A

1939 J-J
J-J

Series B
1939
1st lien eqnip s fd g 5s. .1921
1st lien 50 yr g term 4s. 1954
Det & Ch Ext 1st g 5s. .1941
DesMoin Div 1st g 4s. .1939
Div 1st g 3*28
1941
Tol& ChDiv 1st if 4s. ..1941
St Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 48.1954
...1954
2d gold 4s
West
Warren See Del Lac

Om

&

M-S
J-J
J-J
J-J

A-O
M-S
A-O
J-D
J-D

Wash Cent See Nor Pac
Wash O & W See Southern
West Maryland 1st g 4s. .. 1952 A-O
West N Y & Pa 1st g 6s. .1937 .l-.l

,

110 Mar'05
117 58 117 34
109 34 109*4 109 Hi
90 Feb'05
73*4 Sale
73*4
72
102
103 J'ne'05
92 Apr'05
108H.
112 May'05
90*2 95
97 Nov'04
86Hj
88 Apr'05
93
97 May'05
09*2 Mar'03
3
9034 17
90 4 90*2
39 34 Sale
40*4 loS
39 34

107*2110
116 119*9
107 112%
90
90

88 34 Sale
116*a .
97 Ha 98
...... 27

87 34 94
118 119%
96 34 98%

117=4 Sale

109
'

1943 A-O
Gen gold 3-4s
dl943 Not
Income os
West No Car See South Ry
87*2 90
108*8 110?8
Va Cent & P 1st g 6s. .1911 ,1-J 109*2 112*4
Wlieel'e & L E 1st g 5s. ..1926 A-O *112
Wheel Div 1st gold 5s. .1928 J-J
113*2115
Exten & Imp gold 5s. ..1930 F-A 113*2
107*8 110
1949 M-S
RR 1st consol 4s
94H105*al07*4
20-year equip sf 5a ...1922 J-J 111*2
fl

"l3

109*2 115

W

iio"%ii2"*4

95**sio6^

Wilkes cfc East See Erie
&M
Wil <fc Sioux F See St P
Wis Cent 50-yr 1st gen 48.1949 J-J

89*4
88 34
119*s J'ne'05
98 Hi J'ne'05

47

95

88%
98%

90*4
35

95%
45%

86

Mar'01

40

112
111
11 1*4
114*2 114%

May'05
Mar'05
114*2 May'05
112

H4%

3

11

114

94
102

4

J'ne'05
94*8

113
25

Jan '05

M

94*4 Sale

66*2 84%
102 103
93
92
109 34 112

94

94*4

23

114%

92
102

102

9 5*9

90*3 96

BONDS—Concluded.
Aiiscelinneous

Consol Tobacco 50-yrg 4s. 1S51 F-A
Registered 4s
1951 F-A
Distil Sec Cor co nv 1st g 5s.'27 A-O
Distillof Amercolltrg5s.l911 J.J
Int Paper Co 1st con g 6s. 1918 F-A
Consol conv s f g 5s
1935 J-J
Int St Pump 10-yr conv. 6s '13 J-J
Knicker Ice(Chrc) 1st g 5s. "28 A-0
Lacfca-w Steel 1st g 5s
1923 A O

NatStarchMtgColstg6sl920 M-N
Nat Starch Co s 1 deb 5s. .1925 J-J
Stan Rope & T 1st g 6s. ..1946 F-A
Income gold 5s
1946
U 8 LeatliCo s f deb g6s.. 1913 M-N
J.J

M-N

Registered
April 1963 M-N
"Va-Car Chem col tr 5s g..l912 A-O
ya-Carcnem coltros

•

112 Dec '03
114Ha Apr'02

F-A 103 34
F-A

See Mo P
Mid See South Ry
Soutlm-'t 1st gu 5s. 2003 J-J
1939 M-N
Wabash 1st gold 5s
2d gold 5s
1939 F-A

120*4 123 34

122

96Hi J'ne'05
11136 A pi '05

110

1935 J-D

General gold 5s

9

117*2

98

90

'

3

9U*a 99
118 118 3«
97*3 100*4

98

1935 J-J

g 5s

112

i

9*3

ioo*2loa*a
40 117Hj121'»

114 Mar'05
121 \ 121 v
126 34 J ne'05
11678 J'ne'05

114*a

M-S
M-S
M-N
M-N

1

12 0*8 J'ne'05

112

M-.t

1

108

J'ne'Oc

116
110

113*4

A-O
M-N
M-N

108*8

98 "a Max" OS
90 Hi Dec '04

121

J-J
J-J
J-J

Hi

118

94*8
113H.
114*8

120

118
118 7s
110 Feb'o-i
99
99
118 34 J'ne'05
97

12134
123 ;4

WMinW&N Wist gu 5s '30 F-A

T0I&

18

L08*2 Mar'05

...

VerVallnd&W

108

A-0

1

.

114*2115

1124 Feb '08

Ill

10S38 111
136 139

llOHsApr'Ol

110%.

96*2 101*2
87*2
84
80 *a 84*4

J-J
J-J
J-J
J-J
J-J

'oa

A-O

50-year gold 4s
1950
Tor Hani & Buff 1st g 4s./il940
UlsterifcDellstcoug5s 1928
1st refund g 4s
1952
ill" l"l3 34 Un Pac RR & 1 gr g 4s ...1947
Registered
1947
1st lien convert 4s
1911
110*2 11238
Registered
1911
103 105
Ore Ry & Nav con g 48.1946
1*0434" lb'434
Ore Short Line lstg6s.. 1922
1st consol g 5s
1946
Guar refund 4s
1929
123 124
Registered
1929
135 135
1908
Utah <si Nor 1st 7s
Gold 5s
1926
II8H3 118 H,
Uni N J RR & C Co See Pa RR
Utah Central See Rio Gr Wes
Utah ife North See Un Pacific
Utica & Black R See N Y Cent
Vandalia consol g 4s
1955
Registered
1955

108HjMay'05
139 J'ne'05
140 MaT'02

.

*nm

117

100*4

102

W

Western Div 1st g 5s...l935

84*4

82

104%
132
116

124Hl 126*4
88*4 92

]24HiJ'iie'05

100

98%

88*4

10434

Eec'04

96
122

May'05

101 May'05
SS34
89

.

Div 1st g 4*2-5s...l996
St Louis div 1st g 4s
195]
Ala Cen R 1st g 6s
1918
Atlife Danvlstg4s
1948
2d 4a
1948
Atl & Yad 1st g guar 4s. 1 949
Col & Greenv 1st 6s
1916
Div g 5s. .1930
Con 1st gold 5s
195
E Ten reor lien g 5s
1938
Ga Pac Ry 1st g 6s
1922
Knox & Ohio 1st g 6s. ..1925
Kich & Dan con g 6s
1915
Deb 5s stamped
1927
Rich & Meek 1st g 4s.. .1948
So Car & Ga 1st g 5s
1919
Virginia Mid ser C 6s. ..1916
Series D 4-5s
1921
Series E 5s
...192u

Jan

iHj

108*4
106
109*8 1' l''8
102 4

103 J'ne'05
104*2 D'-< 11;
115
Mar'05
114*2 D
119
Feb '04
108*4 J'ne'05
109*2 Pel) 06
103 Oct '04

.

11

2

n.-.

iotf»t,

100=4

103

M-S

Mem

4120

1UISCEJLJLANEOUS

*Xo price

A-O

101
J

108*4 A.pi

99
116*a

I00 7el04

1"-'

101

109
76

H,

10 117

116

Jan

100
101

.101

89

108 Hi

Registered

W
Hi

113 Jan '01
104*2 J'ne'05

.

J-J
J-J

J-J
J-J
J-J

1912
1943
1994
1994
g 4s. 1 93>

Mob & Ohio coll tr

& industrial

U S Realty & I conv deb g 5s '24
U S Steel CorplO-60 yr5s.<2'63

JJ

'4

M-S

J'ly'97

110

J-J

J-J

102 •«
88

Con gold 5s
Southern— 1st con g 5s

M

SFePres& Phlstg5s...l942 M-S
S A & A P See So Pac Co
S F & N P 1st sink I g 5s. 1919 J-J
Sav F & West see Atl Coast L
Scioto Val & N E See Nor & \V

J-J

It

1

'01

119

119

114%

A-O
J-J

1

SPacolN MexlStg68..191 J-J
Tex & N O 1st 7s
L908 K-A

112% Dec '02

1271s,

Gray'sPtTer lstgug5s 1947 J-D
St Paul <& Dal See Nor Pacific
8t Paul M & Man 2d 6s. ..1909 A-O

manufacturing

&

l8tg6sserii-.se
O...190(
1st g6» series K dc B"...1912
1st gold Us
1912
1st con guar g 5s
198
Stamped
1905-.. 1937

«2

Apr'04
Nov'97

Oct

120

.

los^.

103

W

,'

UO

114

J'i'jh,

Hi

A O

Sabine Div latg6s

J-J
J-J
J-J

M
M
K
M R&
KC&

;

L9hi 123

114

No Low

'4

Guaranteed gold 5a
1938
Ore & Cal 1st *uar g 58.] 927
S A An A Pass 1st gdg48.1943
So Pol Argil Istg6s...cl90u
1st guar g 6a
el9l0
S P of Callet jr Os ser B.1905

123i8l23's

I

January 1

\

J'ly'04

A]m

Since

•/

tr

'05

113%....

M-N

5-year gold notes 4*a..l90i! J-D
K C Ft S ife con g 68..1928 M-N
C Ft S & Ky ref g 4s 1936 A-O
B 1st gu 5s. 1929 A-O
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989 M-N
St D S
2d g 4s inc bond ctfs...j)1989 J-J
Consol gold 4s
1932 J-D

j

ti.

NY Cent

&
See Pere M arq
Sag TusGr H Istg4s...l947
lal
~t Jo<fc
J-J
St Daw & Adiron 1st g 58.1990 J-J
1990 A-O
2d gold 0s
St D & Cairo See Mob & Ohio
St L & Iron Mount See M P
St L K C & N See Wabash
St L M Br See T BR A of St 1.
St L & S Fran 2d g 6s CI B 1900 M-N

EMinn 1st div

11 id

lo.;>, 10^1,,

121 %J'Ut'0o
L2»4 J'ne'OS
114 J'ni

1941 J-J
Rut-Canadlstgug4s...l949 J-J

I

'a

123% Jan

122
100
105

Rutland 1st con g 4 "23

,

STOCK EXCHANGE
Frlda
Uanae or
Last Sale
July 7
CO,
WEHK KNOI.Mi Jii.y 7
bid
lluj/i
.-ouiliem Pac Co—(Continued)
A tli Low
.'."-. Nov'04
Morgan's La & T 1st 7s. 191s A-O
19'.',) J-J
1 8
Dec '04
1st gold Us
122
No of Cal 1st gu 68
106
Sep '04
1907 J J 100
1

110

B R&P
See

1

.

113*8.

1

January

Han q&

Week's

Price

1

Ko Low

Vol. lxxyl

4

N. Y.

8 nee

:

ta'

Hiuh\
l06 34May'0

.

1940 J-J

Rome Wat & Og

5

Ask Low

LOS

L&H

&
&

Roch

i)

Lang*

p;

Ita

L&

Pensacola

&

Friday
Jul 7
Bid

W

Week' 8
nye or
Last Sale

Price

Penn Hit (Continued)

1

— Concluded—Page

Bond Record

114

81% Sale

81

79% Sale

85*4
7 9 '8

82

33

74

84*2

48

77*2

82*2

Dec '04
80*8

99 Sep '03
10934 J'ne'05
91*2
91*2
105*2 J'ne'05
98*2 Feb'05

.

109*2
91*2-

104
105

Hi

54*2

4
109
100

99
94 8 Sale
95 *s Sale
100*8 101
100*8101

Friday; latest bid and aaked. a

91*2

98

1053,
J'ne'05
J'ne'05
J'ne'05
4*4 J'ne'05

17 IO434

85
70
50

85
59
42Ha

109

109

,100

100*8 128
95 655
95*6
3

94 %
94>a

99'8 May'0 5
99%May'0

Due Jan oDueFeo

110
95

102 34 105*2

105*4

87
71
51

108

....

c

98
108
93
71*4
59*4

1*4
8
108*3 112*8
93 103*2
92
9S*a
92*4 973,
99% 101*2
99%101*a

1948 M
Adams Ex col tr g4s
Am Dk & Imp 5s See Cent N J

Am SS Co of WVa g 5s.... 1920

S

lt)3\ ..„.

M-N

B'kl'n FerryColstconsgos'lS F A
ChicJccfe St Yard col g5s. 1945 J J
DetM&Mldgr incomes. .1911 A-O
Hoboken Life I gold 5s. ..1910 M-N
Mad Sq Garden 1st g 5s. .1919 M N

103 <% J'ne'05

103

105%

48

58

100% J*no'02
48

57
105

48
108
75Hi 74

Man BchHifcLgeng4s..l94o M N
Newp Ne Ship D D 5s dl990 J J

J'ne'05

108
Apr'05

108 103
71*2 80

50

Feb'02

97
100

J'ne'05

94*3

Mar'05

98

<fe

N Y Dock

50-yr 1st g 4s. .1951 F A
Provident Loan Soc 4*28.1921 M-S
st Joseph Stk Yds 1st 4%s. 1930 J J
St L Ter Cupples Stat'n *• Proj;
Co lstg 4*28 5-20 year. .191, J b
S Yuba Wat Co con g 6s. .1923 J j
Sp Val Wat Works 1st 68.1906 M s
sf 6S.1931
Red<fe
U S Red Ref 1st s f g 6s. 193 ....

&

Due Mar d Due Apr ADueJ'ly

ic

Due Ang

Due

96*3 97
"99*4

97
100

'.'.'.'.'.

112 J'ly'04
113*2J'ly'00
102 237 s3-*g 103
100
Oct pDuoMi"""'*"**" »*»-»

101 34 Sale

:

:

1

.

:

'

1

1
1

CHICAGO STOCK EXCHANGE-Stock
STOCKS— H IB 11

h.

Tin

siia

Jiangs ror Year

STOCKS
i:\ciia.\i;

Ju

'•

1

'

Bang*

or the

OHIO UJO STOCK

J-ridai/

Ju

1

.

Record-Daily, Weekly and Yearly

r

HVcV
Ju

1

Ju hi 4

Julu J

Jv

tOWBS

T A \1>

i.

9

.

i

,

/'..

tor

«

1

i

1

11.-,-,.

Sham

Bl

Lowest

Illl/llfSl

BighMt

l.oiff.st

Kiiilromls

200

«

•

187H

a

......

4
('..'•.

"ii"

•

4

17
69

16
88 H)

•""""

6

Last 8a
Lost S,,

*

•28

28 V
98 Si

..

US34

9g1g

98

12

•40

:k'..

*86«a

Ca

a

I

its-',

i:i,-v..

08

<b

M
1

1

1 1

4

67',

>

«

1

Hi69

H\

1138

is-,

3

n

69

•83
•129

129'sUO"

130

•IS19

11 19

'.|

5

l

;,

i

69
,1'n,

'4

6

5

B 1

1

.

•105

-105

110

-'.".'"

•To"

•'*

I

1

-

Lai" isi"
Loa

•102

139%
5 6 Hi

5SH;

4

41)

*105
54

110
58

•52

•6
'14

Si

61-.

1174117V

"62" 62"

62
117

Sl>4

117
65
•117

61
117

Diamond Match

\\ Illinois Brick

.",

117H21171-

6534
*117

17
9
i

107

i'uY'^ibYY
.-5
85
95
95

11

S4

84

20

iVf"

iifBjj

•62
117

1"8
9^4

9 34

i'.

86
94

-.

IS

1 Si

10

9*4

28 S2 29 14

1

SO

1 34

30

30

S;

Unit'd Box Bd &
Do pret

This

Chicago Bond Record
BOND*

Chic Boaru of Trade 4s ...1927
Chic ConsolBr«fc Mlt6s
Chici onsolTrac4Hss
1939
Chic Edison debent 6s
1913
1st Fold 5s

ft.1926

Chic Auditonnm 1st 5s. ..1929
Clue Dock Co 1st 48
1929
Ohio Equil Gas 6s
1905
Clue A- MUElecRy 5s ....1919
Chic pi.euni Tool let 5s .al921
Chic Book 1 A- Pac BB4S.2002
Coii.it Trust n 5s
1913
Commonwealth Elect 5s. /viol.
IlLnois Tunnel 5s
1928
Kana City Ky & Lt Co 5s.
x.rb'cki-r Ice 1st 5s. 1928
Eak.-

II R -in

inc 81 1st 5s

No
Wesl n Ei

103>4

104
103

J-J

J-D

58

J-J

A-0 U04'4 .... 104
F-A
98
97H>102
A-O
100 Sj

.M-S

lOOSi Bale

J-D
M-N
A-0

"97 si "9S 'si

99 3

95"

4

Sale
Bale
Sale

99i.j

i

-

1

Corp 2d 5s
Chic St 1st 5a
Tunnel 1st 6s

1".

100

cty By

ru Stone

80

A-O
M-N

cook Co state Saving
Corn Exchange Nat...

80

Nat Englewood

87

Foreman Bros B'k's Co
Fort Dearborn Nat

106 H2 108 Hi
95
00

1

...

111

Duo

Apr
Si

Feb

J'ne27

'^O
u-o

.I'm

llt'O

\,.n

III

lit)

Keo

82

Ana;

:'l

,

ttc*

lay

Not

Jan
in, Not

J'ly 123',

Oci

Jan
Feb

1

,

May

is

J'ly

36

LIB

Mar

L47H)

Not
Not
Oct

Feb 10s

86

Not

m
l-'eb
173'-..Not

140

12o\. l-Yb 142 Hi Not

May25

6ti'5

Feb 6 23'4 J'ly 5
Feb 15 73 34 Mar22

Jan

10 Hi Dec
50 Jan
17 J'ne

Oci

12
62
20

Nov

Feb
Janv

9

Aug
l-'i Apr
20 Nov

51

7 Hi

42

Deo

214

25

Jan.
Jan;
Sep

Jan 58Sil"'<3
Si Jan llti'-.. Not
25 4 5Kn HiSilieo
95 Jan 120 Sep
36
'.".1

98 58 Feb

6

J'ly

6

'

AprlO

UO^XoT

99 '8 Apr
35 34 J'ne
75 J'ne

ii*6Hl

2SiApr
14SjApr

3 J'iy
4

n'ot

47H»Jaa
87

Not

i6'h

Deo

Not

3
3

7

J'ly

20*4

38 Si Apr 14

14

Sep

25S2 1'tO

3''f,

Jan

1,1

00,1, oil

1,000,000
100,000
200,000

Niii ion,
1

n~i

1

50,000

I

Sav

,v.

Banko

State

250,000
600,000

.v

r

'

Sav..

D'2'2
Kirsl 'I'nisi

I

S.l'.

Mi rchan ts' J
Metro
North. 11 i ni-t Co Bk
Royal Trn-i Co
rn 4 in

•

price

WoodUwn

8.

1

1

:

a Sav Bk

1

'

I

..

1

:

I

'05,

1H»
4

5
1

3
lSi

6

iy

1

i,

I

lSi
'05, 3

Bank
•

8

M..,'l.

N,

2

I

5.

Q-J J'ly

7

1

1

'05,

2
'1

J'ly

o"j
6

J'ly'

Q-J i'ly

6

Mar

8

450,000
H'l

U .

\\

c

tl

iiy

(}.j

J'ly

1

Bank

I1A111

iYm

fcl

1

1,000

1.2!

3,61

750,000
000,000

J'ly"

fcl,68

I.

non, non
000,

1
.'.

1

,

.

12

.

.I'ly

?:i Jiy
8

8

r-iv

6

.

,.''.'

1

L87.17U

"6

200.000

Bank,
.01:11 dividoill ot 30; e JooUirod
Kirst Crust S> Saviu
."
No price Friday; latest price
»
k this day.
k Capital ami surplus to b.- increased.
April.
A Duo July.
i

2Hr

t,k

Jin,

1
'til

19.

2(1(1,11,1,1

.:

'.HI

mi

2

J'ly

5

000,000
Sav..

-A

lHi
3

•i'ly

8
8

Savings

,<c

1

to all

6

.v

.;

-i

101*477

uoo,

11

BO

"if

1,961

500,
,000,000

lo

Sav..

J'ly '01

60

"

200,000
1

•05,

J'ly

Q.I May
J-J
J'ly
Q

Sav Bk.

rust. A-

'1

riy

2
1H»

i,

j'-j i'ly
j-j J'ly

10

'.<

lOlonial

.'-

N

U

'1

Q-J J'ly

"8

"s"
10
"0"

170

:

1

Inn
60

la

1

6

in
23,501

1

i

Drovi
Equlta
Hi,

L3.6

i.nnn

Bank

it

:

iti

6

)'iy

Q-J J'ly
Q-J •riy

10
l'ri\

'05,
•05,

i'ly

607,524

,000,1

-;

||12

200.' ton

Amer

-

6

8
12

"Y

.-,.;•

1,000,000

1

C*

M

12

6

8

J'ly
J'ly

2

"...

'05, 8
'05, 4
'05, 3

59,596

0,000

200,000
200,000

lit

-in,

Jinl.OOO

..

Stati

J'ne'OB
l"-

6

1;

Union Stock Vds State

l'"i

L1.589

Q-J
Q-J
Q-J
Q-J
Q-J

8

15

Pullman Loan
South Chic
96 Hi

'iij'

8
6
12

1

155,785

J-J J'ly

12+3 Q-J Jiy

12

1,302,906

liiion

J

11,896
1,049,404

Last J'mii

Q-J J'ly
Jan Jan

1

I

In Per1004 iod

8+5

13
15

I.OOO

1.

Prairie National

99 Hi 99 34
100

'05

li)o:i

6

'

3

251,-

In

952,t; lo

i

99 14

88

Dividend Record
<£

263,154

Oakland

Si

1

c

May

2511,000

1

96Hi

st >i:k,»f

*

1

70'.. Iteo123'.. 3( p

Jan

'.,

Marl- 120
Jan 5 10
Jan Is
1
Jan 20
7

nic ..I Eepnblic.
National L,i\ e Stock...
North Side State 8av..

L6

90"

Jin,

1

1

33

i

Fi-b-jn
Mar-It;
1 l-KJSii-vi.r,
6 105 J4 ,M;ir 6
1 112 'S, Apr lu

Profits

IK:'"."'

11(11

id.l.-d

Si

l

A.ug

Jan 25 172
Jan 7 52Si

lSil'Vb'Jt

00*05

94
60
90
75

2

-May 2 100 -<t M111
Apr 15 5 2 Feb

2,000,000

LOO

Api

1

82

Jtm

40
L06

Milwaukee Ave State.

100

9 "_
,

4

Marl?

9 5s J'ne2S
23 Feb 15

500,000

BCibernian B'k'y Ass'n
Lome Savings
Manufacturers Bank..

Sj

97'.,

J'ne'O.'

;

Jan

2,000,000 $1,065, "t',2
100,000
31,067
168,801
200,000
1,000,000 1,423,345
fcSOO.OOO
fc 65,3 14
2,000,000 1.792,123
3,000.000 1,232,536
50.000
3,072
3,000.000 32561,20s
62274
1
200,000
600,tioo
274,092
8,00o,oo(i 6,113,755
10.
100,000
500.000
627,2. ,7

Hamilton National

May'05

L03
lOOHj

90

,,

Continental National,

I

i,i

Also paid 12 -1 in Dec, 1903,
Bid and asked pnoes; uosal
• Due Dec. 31.
b Due Juno,

ihicago Savings
Commercial Nat ional
1

1II3'4

909 A-0
t

<

17

114
si

iH>«..193i J-J
1

liWU
104

68

'»6"j

99
100

106

'.'1

610
451
1,240

stock yards Sai

75

interest n,u^

,

.1

Sale

F-A
J-D
5s.

7

90

L03""a
102»4i

J-J

M-N

Co 6-20

'.1

106
1*08" Bale 108
107S 107

M-N

-nt 6t
u' 5s

Noic— Accrued

f7Hi

96

1910
el963 M-N

nsol

\s>-~\ i,iv

Hi

95

4

'

J-J
LU

Chicago City
Ihicago National

May'Oc

.

J-J

i

Bankers National
Calumet National

<4

Drexel State
Drovers Dep National
First National

'•,

:1

11
63

ing

lol

62
66S)
103 Sj 104 Si
L04 104 34

'.

Safe

J-D
El Loop) 5a
Pacific conv 4s

104

99
103

72
72%
79 Nov'04
60 Apr'04
IO6H1 106"
95 Hi J'ne'OB
100 78 Feb'05
97 s4 J'ne'O:
99

94

Si

1;

.Jin
.Mai

1

10
15
10

1

57
MarHO
Jan 17 105SiMar2',

Outstand- Stir plus

Jlifl/i

Feb '04

iboHi!
123 '4

:

Low

103

Apr '05

4

16

M-N
M-N
A-0
M-S

l'.tl

I

95 Si

*

99 Hi

Uod

I

bale

89 Sj
100

South Bid

Cnioo

Feb '05
May'05
Apr'04

1

Mar20

Kiit

J'lv 7 6.2
54
14s>.2 Kel)'j;i 150
10 Jan 6 10
34 J'ne 2
1
6 J'ne?)7

Stock

First

72

M-N

l'-.\

LttftC

Hi

'h

:;i

7 L4 Oct

January 1

100-4 Nov'04

J-J
J-J
J-J

1-A
J-J
87H>
J-J t1909 J-J
L931 A-0 t""l.

..feC 1st 6-.

=

L04Hj I'ne'05

1

4-44-1'

61

98

Apr 2:

'...

366 i06" Feb25 Yl4
46 Jan 25 90
350 86SiJan 4 97

100
100

NAME

.

M-S
945 M-N
1916 J-D
192" il-S

i-

5

Hid
Ask Low
Mi'jh No
106
101 Apr'05
99 Hi.

4Hi8.1927 M-N
.

DS

Last Sale

J-J

192

1st 58

fc.1

Side Ei 1st 4>....
i

Since

J-D

st'p

56

new stock.

is

Range

Feb

-trt-«-i

Income 5s
North

Week's
Ji'anye or

July 7

Amer Biscuit 6s
1910 F-A
Amer Strawboard 1st 6s. .1911 J-J
Cass Ave & F G(StL) 5s. 1912 J-J

Si •'•in

/

J'no

Chicago Banks and Trust Companies

Price.
1'ridaii

chicago stock exch'ge
Week Kndikq jolt 7

A pi

1!

>sApr25

1

S2 >, j'nelJ

1,130

P ColOO

Western Stone
t

N'-.V

OOt

100

Un stock Yds(SoOm)100
Dec'04 Union Bas <ft P Co ...100
Do pret
100

lSl

» 'a
9*8
29
31

10
31

1

73

'_';>

t.

St Louis Nat St'k YdslOO
100
iofsi Swift ife Co
88 The Quaker Oats Co. inn
Do prel
100
94\

ibf'si

90
95

Last Sate 10%

28 Hi 28

38

995s)Mayl8 110 34Apr 8

J'ne'OB People's (las

ib"7 "si ibY=i,

Apr

90 Mai
28 Jan ::|
82 1aApi L03

3

L & C'kelOO

101\i

4

Feb

72

Not

.Km

II

3 103»4 .Mai 21

J'uelJ

88

15

1

Woven Wire Fence

5 J4

120

100
100
100
100

National Biscuit
Do pret
National Carbon
Do pret

66
117
May'OB Page

86
94

Jan

Not
Sep
Oos
Sep

68

66

Mar 20

4

LB

Mai

II

44SiMar27 46 May 6
2 Jan 30
2 Jan 30
"54" Jan 25 65 s4 Apr 3
"ii*4
34 6 lUSiJan 5 120 Sj Marl
133 41 Jan 25
7 t-...rne24
25 110 Jan P 120 J'ne 1
5 S4 Mayi9
5 Apr 2o

Pullman Co
•107

10c

Dec 04
May'05 .Masonic Temple
May'05 Mil ifc Cliic Brew'g
Xov'04
Do pret

46

64»4

•117

!!

_•.

J'ne'04

11,

04 ^4

05^

10(,

72Si

Last Sale

65

120

1

2'.".,

9 Hi Feb 9
60 .1,1 •
76 .Ian 21
125 i-Yb'Jl
38 Jan 19

109 153
22 32
55 125
36 95
24a 134
3.18S 55

Kans City Stock Yds. 100
Knickerbocker ice...lon
100
Do pret

Last Sale

•ITfiao"

"*52

100

t

Apr '05

6l\

S;

50

ion

'',

13

97

s.
26

•

IhioaffO Auihtciriuni

1

Feb

3S
105

1

59

5b

125

pret

in,

'23-14 "2334

61m

*J

Cbio BdUon
17
Chic Pnenmatio Tool. 100
100
134
hie Telephone
103 \ chic Title tt Trust.. .100

134
102 Hi

Last Sale
Last Salt
Last S a it
Last Sale
Last .Sale
Last Sate

loo

160

•45

133 133
102 102
139 Hi 139^
58 Si 5'.'

pret

J'ne'06 clue Brew'tc<ft Malt'g
Do pret

6

168

159
47

159

Do

04 \

.Mar'.

1 ',

97
40

.in,

Feb 2
24 Si Jan 1'
86 Jan B

90 V Mayl7
I'Vlr.M
28

„.

.

1.900
1,185

LOO
100
LOO

Ann! Shipbldg

'-.-

Feb '05

(

*»4

.

861

LOO
10(1
May'04 Vnii-rlM s Bank
100
Apr '05 Uooth (A) eft Co
Do prel
LOO
110
54
Cal tfeOluc Canal it- Dion
centralTru8t Bank. .100
1

'

Last S a
10
Last Salt l

•6
•155 160
45
45
•133
102 102
13 "4 139»4
68Hj 50

c.

134" l"4

'

"10

•e
isa"a

160

160

z
r
-

•To

•u

•6

109
•52

-

•52

•52

Last Sale

40
109
58

•

-1"

no

•<>;.

'

1

*..

.

Ma] 1]
May23

60
21
60

:;

301

12

2.V, .In,

OS
99

8]

XI',
15

.'

89 Vj Maj

50'o.lan In

100

AiuiT Radiator

'08

n<

.1

Y0414 inY"
Las1 Sa
198

—*

g1

27HiMaj
28 S

.'

ii\.i'ni-

100
100

Do pre)
American Can
Do pre!

i"i*(

Last Salt Si
Last sali ISO

130
Si

21

27

6
3

Feb

1

Sep
Sep

Ang

i-i-fllnin-iMi-

AU'.s.Chalmors
1

B

L90

",;"

Ja'ii'Y
Jan 3]
i'.-b

:

Mm

155

1

73 Si J'ne

80 Api-i30 .Tan
82 S) Jan t
20 Jan 18

"Y01

LOU
100
LOO

..

7*4"

'.1

I

"

Sjj'ni

LOi

i.i

'

i

.i'ly

-

••

Last Sale

•43

L6

1

r,

.

1-

1

•28
98

.

ion
Do
J'ne'OB
•60
North Chic Streei ... ion
21Sj
41% \,,i thwestern Elev.. ion
r>4
ion
.l'l:. 1'.
ix>
prel
ion
J'ne'O south Sifle Kit -v
L LOO
Streeta WStable
28
:'-',
100
98 Si
Do pr,-l
4o
100
J'uo'05 West Chlo Street

I

1. <;

8

.

]iri-f

1

s

W

Metropol

'-'

'

•am

2-

*94Hi "96
88
28

•\H'<i "oYiV

,N

•60

•ei" "i";

"9"'-' '"."'.

88

B8H1

•23 7»

Hi

Kans City Ry a
Do prol
884

42

1. It

22

;('

,

prol

71 S Chicago Subway
J'ne'OJ c'lnr Union l'i :ic-l
A.B1 '03
Do prol

"'I

Do

I6H

'

"ii" "Ji"
'.'.'.'.'..

16

Fob

180

;

"770 "i"Yriv"

100
LOO
LOO
LOO

irk

16

...... ......

*63"

Ky

Pass

...„.

Jnu

180

LOl

1

16

Y-s'l

By

Mar'OB

l'ifi

t

.„.

....

Q8\

T.

Aug.

"a
M ay

10, l'JO-L

•1
1

•'

1

Ly

",,

ni

BOSTON STOCK EXCHANGE— Stock
Share Prices—Not Per Centum Prices

Monday

Saturday
July 1

July 3

Tuesday
July «

STOCKS

Wednesday

July 6

Range

Sales

BOSTON STOCK

Friday
July 7

Thursday

July 5

Weekly and Yearly

Record, Daily,
0/

Range

lor Year

1905

the

tor J^revioui

Tear (1904)

Week

EXCHANGE

Lowest

Shares

Highest

Lowest

Highest

ltiiilronil*

83
83
84%
•101*2102 KI2
255 255 h 255
157 157 *
•241
•241 ....
•175 177 *175
*-,

•307

29*2

....

177

307
,

*145
•82
•92

146
85
•92*2 93

•84 34 85
102*2 102*2

255

255

15 7 34 157 34
'241
....

307

307

307

•73

73

75

74%

74
173

•21%

62
22*2

'

199

18 34

19

62 34

62%

•206*2 207

*•.,

98

»

3
4 206 4

'

79

80

80
*50
15

50

207

98
79

'

80

207
98
80

'207

15

127*2 127*2
•97
97 3 i

*98*2

•97
98
1141a 114*2

129%

128 34 130%

99*2

•98*2 99*2

•21*2

22*2

,

200
May'O
May'05
207

200

J'ne'05

79
65

16

173*2 173*2
97
97
97*2 97*2
114*4 114*2 '114 114*2

97*2 97*2

114*2114*2

J'ne'05

98

98
131
98

130%
97*2

97

98
114*2

Last Sale 24%" Mar'05
Last Saoe 43*11 Dec '04
Last Sale 147
Apr '05

•23
90
*5 34
*28*s

139

24
90

24*2

1

90

6*4
6
29 % 30

6

29
139*4

1398a 140*2
137*2

*136%136% 137
139 34 140
35
35

140

*

3*2

.

117»

*

3*2
1173,

'
>

(

22

*22

•6%
*

i

'

175*2
44*2 44*2

175

85
85
*185*2 187*2
*1*4
*....

"1*8

•13

139

•1%

2*2

*11
239

17

239
9 34

20

•25% 26
*2*2
3
106*2 106*2

*96
•31

...
...

22

2*2

15

239

•25*8
2*2

20
26

98
31

177

1 34

98
31

1 34

139
•1*8

ss

2*2

b

•12

15

239

ft

239

H

107*4107*2

b

*25*e 26
•2*2
3
107*4 107*2

2:9%

9%
20

o

100

100

31*2 31*2

31*2 32*4
99*2

98%
•18
»101
*83
*93

*3%

32 34

32 34 33 34
100 101*2

333b

99% 101

••50
60
18 34 -18

•60

••50

•83
•93

18

19

102

85
100

102
•83
*92

26*a

3\
26%

82

82*4

82% 82%

•8

11

*8

*1
• •40

4
2634

*1
1*2
*-40
"60

14
14
*28 34 29

14

645

645

-12*2

18*2

4
4
27»a 28%
82*8 83 34

273e

11
1*2

-60

14

645

«60
8>s

645

84

96

11
l*a
1*2
••40
-60
34 14*4
*13

29

29

••50
-50
*8*4
8*2

•635

645

•50

68*4

•13
*79

115

*2%
*834

5%

22 34

*4*a

*19
8

'60

68%
13 3<
81

116

2%
9

6

23%

4%

20
8

18

*2%
9

6%
4%

23*a

20

•7%

•85

*13
50

18

13 34

60

13 34
50

1

•75

•24% 25

2*2
1

25
93

92

92
•22% 23

•79*2

•115
•2*4
9*a

26
93
*22tj 23

6
4*4

20
8
13*2

60

•2%
••75

•60

-60

81

116
2*2
9 34
6*8
4*4

21
8

13 34
50*8

2\
1

*98

100

99

100

100

93
22*4

••60

*1*2

•7%
116
4

*8%

l\

*1*2

73b

7%

118
4

23*4

836
23*4

28%

29

•10 *s 10*2
43 34 43 34
*3

*10*4

109
"1*4

3*4

11

110
1*2

118
4*4

*8*4

10*2
•l 3e

1 34

1 34
7*2

8*2

23
23
28 34 29
•10
10*2
43 34 44
*3
3*4
110

1 34

1 34

120
4 34

10*2

110

7*2

120
4*2

8*2

•22%

3
4

620
1,558

127
24
1

25%Marl4
211 Aprl7
167 34
233
212
102
87
72

May25
May23 222
Apr 26 198
Feb 14 74
Feb 6 68
Jan 19

45*4

245
178

245
178

45*8

100
2
1 34

7%

120
4 34

8*2
23*4

29

10*4

10*4
44*4
3*4

44

*3
*10*4 11
109 109

1%
<i

1%

104*4

155*2 Deo
242*2 Nov
175*2 Dec

174 Oct
303 *2 Dec
154
127
186
285
142
57

88
175
24
80*4
23*4

4

27%
82%

Alining
4 Adventure Con
27 s4 Allouez
83*2

Last Sale 11
Feb '05
Last Sale 8
J'ne'05
Last Sale 25% May'05
•1*4
1*2
•1*4
1*2
Last Sale 50
J'ne'05
13% 13% 13*2
14
28

28 34

Last Sal
8*8

8%
645

645

*28

50

69

"635

•13*4

81
115

69*4

69%
13%

13 34
83
115 •115

Last Sale 2%
3
9*2,

9

6

29
J'ne'05

8%

8*4

640

Apr '05
19*4

J'ne'05

13*4

,

20 3

20
8

4

8

Last Sale
•13*4

13*2

49% 49 'a

22

'20%
8
•70

•13%

50%

2

2

••75

2

1

••75

24*4

S90

24%
90
23

23

24%
9034
22
•60

•99

io3"

*1*2
*1*2
7*2

1 34
1 34

7*2

120

120
4*4

100
•1*2
•1*2
7*2

3118

4*2

4%

Last Sale 24%
8*4

8*4

23
29

23
29

10*4

10*4

43% 43%
3

18

31

I!

I!

•109

"

110

1*2

1 9 16

8
23*2

28%
10%
43*2

3%8
10-4

•109

1%

100
100
12
Franklin
25
Gran by Consolidated. 10
Consolidated. 10
Greene
Guanajuato Consol.. 5
Isle Royale (Copper}. 26
...„ 26
Mass Consol
25
Mayflower
25
Michigan
25
Mohawk

Dominion Coal

116
J'ne'05

6%

21% 22%
4% 4%

Range Con ColOO
Dal}-. West
20

22%
"'20%
8
J' ne'05
13*2

50

*t,

Do pref
Elm River

4*2
J' ne'05

29

42

8
23 34
29

10%

25
25
25
Trinity
100
United Copper
UmtedStates Mining 25
Unit States Coal &Oil 25

Tennessee

43*2 Utah Con (Gold)
3*16 Victoria
10*.

110

Winona
Wolverine

1% Wyandot

Jan

Feb

95*2 J'ly

'-4

116% Nov
97*4 Deo
173

Nov

Deo
Dec
17% Feb
37% J'ly 43% Deo
Mar28 143 Dec 146*2 Deo

19% Jan

25

93*2

114

29%Aprl5

86

71

1

234

18
70

May25 1 8 Jan 11
Apr 24 28% J'ly 5
Jan 25 89% Apr 14

22 %J'iy
26 Nov
5

113

43

2,815

"156
4,600
2,585

250

5

1.849

25
25
25
25

100
240
151
1,225

3

•25

Jan 19
13% Feb 1

•75

Jan

23% Nov
101

93
100

Deo
Deo
Jan

7% Nov

1

J'ne21

2 Feb 3
24%j'ne20
7% Jan 20
9 Mario
21 Jan 25
9*4 Apr 6

Oct

20% Dec
Deo
34 Nov
99% Deo
33 Deo
95% Dec

103

i8Mar 21 Nov
Feb 82% Deo

•75
Mar
8 Feb
12% Jan 5
25*4May31 31% Apr 12 15% Feb
1
May 2 2 Jan 13 •25 Feb
45 j'nelS
l%Feb23 20
7
Feb
12%May22 18 34 Maris
28 May22 35%Aprl7 18 Mar
May
50 May 6 85 Marl5
6 Oct
5% Jan 26 8% Mayl9
601 J'ne
695 Feb 20 435 Jan
10 Maris 15 Mar 1 05 Apr
16%Mar22 26 Jan 4 d 14% Feb
6% J'ly
6 Marl4
8*oJanl6
1,460 30 Mar24 75 Maylt' •20 J'ly
12 Jan 3 15% Jan 20
7% Apr
2,948 64 Jan 25 83 Marl4 38 Feb
130 11 *2 Mar30 18*2 Feb 15 10% Aug
280 60 Jan 10 86% Mar31 40 J'ne
1 113 JanlO 117 Mar25 103 J'ly
l 34 J'ne
2 May26
3% Jan 13
"587 8 Apr 2 9 12% Jan 16
7 J'ne
5 Jan 4
2% Mar
6*2 Marl 5
1,940
5,874 20%J'iiel3 30*4 Apr 10 20 Oct
3 Jan 4
7*4 Aprl8 62% Feb
448
6% May
1,985 17%May23 28 34 Jan 17
6 May26 13*2Marl3 d 3 Feb
445
•70
Jan 12 •45 J'ly
J'ne27
1%
3% J'ne
430 10%Jan 9 15% Maris
864 48 May 1 56*2 Mar 9 34*a Feb

8

Oct
J'ne

61% Dec
32

Aug

75
cJ3 3

25
25
25
10
25
25

Teoumseh

Apr
Jan

Apr
Apr
80% Feb
Mar 79 4 Nov
Aug 73% Dec

MontanaCoal&Coke 25 1,130

Old Colony
24% Old Dominion
91*2 Osceola
22% Parrott(Silv& Copp}
•60
Phoenix Consol
100 Quincy

Dec
Dec

Jan 232

2 *4 Jao
2 J'ly 6
5*4 Jan 16
1 *2 Jan IS •50 J'ne
170 •75 May29
9*4 Feb
470 23*4 May 1 28*2 Jan 3
352 88 Feb 9 103 Marl4 53 Feb
22 J'nel2 30*2 Apr 10 2o 34 Feb
986
3>4 Jan 14 d-50 Aug
350 •50 J'ne22
43 95 May 4 118 Jan 17 80 Feb
1*4 May 1 2*2 Feb 21 •50
May
25
250
1 34 Rhode Island
1*2 May 8
l%J'ne
3 Jan 18
10
1 34 Santa Fe(Gold& Cop) 10
3*2 Aug
6% Feb 6 9 Jan 3
10 2,248
Shannon
7%
25
100 101 May23 140 Marl 4 85 May
118 Tamarack
2
1

Not

J'ly

Mar20
55% Apr 18 40 Jan
100*4 Feb 25 87 May
137*8 Feb 25 71% Mar
101% Feb 20 86*4 Mar
175 Mar 2 160 May
99 Mar21 89 Jan
117% Apr 28 108 Jan
25 Feb23 16% J'ly

Jan 3 93 Marl3
2,323
4%Aprl3 7%J'ly 7
354 20 j a n 17 30 J'ne22
47

25
820
25 4,693
Amalgamated CopperlOO 11,642
Amer Gold Dredging 5
Am Zinc Lead <& Sou 25
25
Anaconda
25
Arcadian
10
Arnold
25
25
Atlantio
147
Bingham Con Min&S 50
255
Bonanza (Dev Co)... 10
BostonConC&G- (rcts)£l
900
25
Calumet & Hecla
6
10
Oatalpa (Silver)
Centennial
25
620
25
Central Oil

69*2 Copper

J'ne

12% Apr 24% Dec
Jan 87 Deo
3% Feb 6% Nov
17 Feb 27 *2 Sep
4,627 130*4 May23 149 Mar 2 122% Feb 52*4 Nov
70 132 May22 140*8 Mar 7 122*2 Jan ^41 Nov
730 137 May 23 148 Jan 4 119*4 Feb 149*4 Nov
9 Feb 24 % Nov
4,568 21 Jan 23 40%Aprl8
916 92*4 Jan 3 109 Mar31 68*2 Jan 94 34 Deo
Nov 4 Sep
3*4 Maris
3
4% J'ne 9
10 117%j'ne28 124 Jan 6 112%Jan 12:2% Dec
7*4 J'ne
.9% Nov
1,195 17 Jan 24 24%Marl6
7*2 Dec
5*2 Jan
600
5*aJ*ly 5
7% Jan 10
53 244 J'ne23 257 Apr 6 230 Feb 265 Aug
39 169%Mav22 191 Jan 17 !<zl51 J'ne 194 Nov
983 38*4 Jan 6 45% May 12 36 Dec 44 *4 Aug
2.316 S0*4 JanlO 88*4 Mayl2 77% Mar 84% Oct
"tO
15 «S5*2j'ne20 206 Apr 29 173 J'ne 200 Nov
1*8 Apr
2% Nov
80
1
Feb 6 2 Jan 4
134 Feb 17 140*4 Apr27 118 Feb 141 Nov
11
*2 0ct
1 Feb 2
4 Jan
2% Jan 9
8 Oct 17 J'ly
10 Jan 6 17 JanlO
59 230 May23 252*2 Feb28 208 Mar 243 Isov
8*2 Jan 12 10*4 Feb 23
6% Jan 9 Nov
70
133 105 Feb 24 114 Jan 5 £99% Mar 116 Oct
1,015

„

•54
Cons Mercur Gold... 5
25
Jan '05 Continental Zinc

Dec

J'ne 207

17

147

Oct

Nov

162% Jan

,

4
27*2 27 3<
82
82 \

Dec

89 >4

,

4

Nov
Nov

254

5 Apr
Nov
185*2 May 199 Oct
159 Aug 1 63 *2 Apr

Edison Elec Ilium. ..100
General Electric
100
45% Mass'chusettsGasCoslOO
84% 85
Do pref
85% 85*8
100
186 188
188
188 Mergenthaler Lino. .100
1*4
1*2
1*4
1*4 Mexican Telephone.. 10
139 139
100
139 N E Telephone
Last Sale Iho" May'05 PlantComt'ststkcomlOO
Last Sale 15
Do pref
100
Mar'05
238 239
100
239
240 PullmaJiCo
*9*2 10
*9*2
Heece Button-Hole.. 10
10
107*4 108
100
Swift <% Co
Last Sale 23
23 Jan 18 23 Jan 18 22 Dec
Jan '05 Torrington Class A.. 25
Last Sale 26
25 May 2 3 26% Jan 16 24 *2 Oct
Do pref
25
J'ne'05
*2*2
3
2 Jan
•2*2
2 >2 May25
Union Cop L'd & Mg. 25
50
3
4 Jan 6
106*2 107
100
107
788 103 Apr 29 115 Feb 20 95 Feb
107 United Fruit
United Shoe Mach... 25 1,114 61% Jan 3 100 J'ly 5 45% Feb
25
Do pref
926 30% May 8 39% Feb 16 28 Jan
6 *2 May
100
13%
100 ll%J'ne 1 14% Jan 16
13% U S Leather
Last Sale
100*2 Jan 10 lll%J'ne26 77 Jan
Do pref
100
J'ne'05
42
43
44*4
100
44*4 U S Rubber
430 34% Jan 4 44 34 Apr 7 10% Feb
Last Sale 109^ J'ne'05
100
Do pref
98% Jan 5 117*2 Apr 7 40% Jan
32*2 33**
8% May
100 12,394 24%May22 38*2 Apr 7
33% S3 3 U S Steel Corp
10U 100% 100 56 101 3
100 10,027 91 May22 104% Apr 18 51%May
Do pref
•50 Apr
Last Sale •40
•40
25
Mar30 67% Jan 20
J'ne'05 West End Land
18
18
18*£
6% J'ne
18*2 West Telep & Teleg.100
131 16*2j'ne20 22% Feb 6
101*2 101*2 101
100
Do pref
101
61 97% Jan 24 104 Feb 8 76 Mar
Last Sale S4% J'ne'05 Westing El <fc Mlg... 50
84 Mayl 1 92 Mar 9 75 34 J'ne
Last Sale 92*2 J'ne'05
91 May 2 99 Mar20 $90% Aug
Do pref
50
45

••60

29

1*2

<iBeforepay'tofasses8'tscalledinl905.

Last Sale 4\
J'ne'05 Boston Land
10
117 \ 117% 117% Cumberl Telep <fe Tel 100
23*2
23*4
4
23% Dominion Iron & St
•5*2
*5*2
6
Bast Boston Land
6

"22 3

Last Sale i5*2
6934
13*2

24% 24%
92*9
22

-65

1 34

<

,

18*2 18*5
19
6*2 Last Sale 6*4
••50
•54
-60
•54

-85

•

*-60

•1%

91

18*2

21% 23

g

13*2

••75

69
13

6
23*2
4 34
20*4
-75

2 34

•54

23a
9*4

60

•2%

18*2
•6*4

•6*4
6*2
•50
-54

68 34 70
13 34 13 34
79
81
*115 116

24*8

Last -Sate 15

15

•17%

4

28% 28%

••50
'60
8%„ 8*8 *8

• •60

•60

19

•101

85
100

87

m%

b

••50

23

3,

244*2 245
178*2 '179 180*2

44*a 44 34
85
85
186 186

2*2

106*2 107*2

5%
245

1*2

107*4 107*2
'

5*2
'

139

*9% 10

10

•107*4—*

117=8 H7 88
22
22

5?8
24f
175 177*2
44*2 44*2
85
85
186 186
*l*4

1*2

.139

*

3*2

'

•5%

57

245

140

35*2 37
103*2 104*2

103% 103%

24% Amer Agricul Chem .100
Do pref
.100
91
•6
6*4
6*4
7*4 Amer Pneu Serv. .. 50
3
29
29*2
Do pref
29
.. 50
iVo" 140 5 140
140*2 Amer Sugar Refin ..100
137*2137*2 137 138
137*2 138
Do pref
100
139 34 140
139 34 140
139
139 34 Amer Telep & Teleg.100
37
38% 37*2 37 \ 37 % 37% Amer Woolen
100
104*4 104 34 104*2 104*2 104*2 104*2
Do pref
100
24*4
•89*2 90*2
6 3a
G
•28
29 34
139*4 140'e

23*2
•90

l

YNH

Miscellaneous

24
90

lo:<

9 64 Mar
!i9*2Jan25 104%J'ne2» 88 Jan
254 Jan 3 261 Apr 4 239% J'De
Zl51 Jan 25 158*2 Apr 28 zl37 Feb
z241 May26 249 Marl 6 230 Mar
Z172 J'ne 2 185% Marl4 158 Aug
171 Jan 6 175 Apr 8 166 Apr
305 Jan 18 310 Apr 25 295 Feb
13% Jan 17 35 Mar22
63*2 Jan 17 82*2 Apr 13
150 Jan 13 182 MarlO 136 J'ne
124 Jan 9 132 Feb 8 rll6%J'ne
186 Jan 4 189% Mar25 180 J'ne
160% Jan 19 165% Apr 17 160 Apr
285 Jan 12 295 Feb " 276 Jan
142 Jan 3 148 Marl 5 133 J'ne
59*2 Jan J6 85 J'ly 7 24*4 Jan
86 Jan 4 93 J'ne21 73 Jan
175 Jan 24 185%J'nelO 170 J'ne
13%Febll 23 Apr 3 1 1 *4 Sep
55*4Febll 70%Mar30 52% Oct

Connecticut River. ..100
41
Fitchburg pref
100
Ga Ry& Electric... 100
40
Do pref
100
Maine Central
100
663
Mass Electric Cos
100
642
Do pref
100
Mexican Central
200 1 34 May 1
100
N
& Hart. ...100 112 195*4 May23
Northern N H
165 Jail 19
loo
Norwich & Wor pref 100
232 Jan 24
Old Colony
52 205*2 Jan 5
100
Pere Marquette
79 Jan 9
100
711 77 J'ne27
Do pref
100
20 50 Apr 13
Rutland pref
100
Savannah Elec com. .100
8 15 Jan 13
Seattle Electric
50 Jan 5
100
30 93% Jan 9
Do pref
100
Union Pacific
100 8,413 113 Jan 6
42 96 May23
Do pref
100
6 172 Jan 18
Vermont & Mass
100
140 93 Jan 3
West End St
50
33 112 Jan 3
Do pref
50
Wisconsin Central... 100
21% Jan 27
Do pref
100
146 Mar20
WoicNash<fc Roch. .100

.

50

98
129*4 130 se
*98*a 99

lil

77%May20 93% Mar

Conn & Pass Rlv pref 100

85

207

•97

98

100

Con& Mont Class 4.. 100

19 3
63 3

....

Ry&US Y100

pref

147

Mar'O
145

Last Sale 50
98
129

Do

1,120

J'ne'O

80

'

pref

Chic June

188

LastSale 98
•50
•14

•50

Do

76'

19 34
63

.

100
100
100
100
Do pref
100
Boston & Providence 100
Boston&Wor Elec Co

125'

Last Sale
Last Salt i33
206 3

4

J'ne'05
/S.5*2 J'ne'05

19 3
64
22
199*2 200
19
63
22

•22*4 23*4
199*8 200

:1

Boston & Albany
Boston Elevated
Boston* Lowell
Boston <fe Maine

172

172
125
126 ....
125 125
'187
188
'187
Last Salt 165
Last Sale 295
145
145*2 145*2 145 145
•82
•32
85
85
85
LastSale 93
*92»a 93

147
85
93

256
157
241
177
174
30

29
'172

85% Atch Top & Santa FelOO
Do pref
100

102*2

•307

29*2

-18
19
62
62
*2134 22 34
199 199*2

18*2

157%
241
176
174

Last Sal

18*2

85*4
102*2
25534

175*2 177

177

177

'187

*145
*82

199

'241

125

....
....

»

255
157

*74"
76
171 173

76
172

*74

170
•125
•187

85*2
1023a 1023b
255 255*2
157 157

'305

....

*

85%

84%
102*4

1

14

Mar
Oct

29% Nov

Nov
1*2 Nov
22*4 Nov
38 34 Nov
l 3 ia Nov
7% Nov
700 Nov
25 Nov
1 32% Nor
10 May
3

•75

Jan

14

Oct

74% Nor
36 Jan
72
116
4

Jan

Nor
Nor
15 *2 Nor
11 16 Nor
5
34*2
5

Deo
Deo

Nor
t9%Dec
2 Nor
11% Deo
57*2 Nor
6 34 Aug
2*4 Nor
35 *4

29 *4 Dec

Nor
Nor
Nor
125 Nov
3 Nov
3*2 Nov
1034 Nov
140 Nov
4% Nov
98

33*2
to

34

43.

J'ly

J'ne

Nov 43*4 Deo
Mai 18% Nov
6 Mai
6
28 Apr 1
Mar
18 Jan 2834 Deo
33% Apr 15
11% Jan 5
8% Jan 12% Nor
39% Mar 4 46*oJ'ne22 30 Jan 47 Nov
6 % Nov
6
2 % J'ne
2
Mayl9
Jan 13
Feb 13% Nov
5
9>2May22 15% Feb 21
105 Jan 4 120 Feb 16 tii) Jan 110 Nov
l%J'nel2
2% Feb 21 •50 Feb t3 Nor
35

334

Before pay't of assess' ts called in 1904. *Bidandasked. UNewstook. tAss'tpaid. jEx-rights. aEx-div,& rights

.July

2

'

|

1905.

S,

Boston Bond Record.

BONUS

Price

W'Ki-K b-MJl-NO

Hi nee

Last Hale

Ask he

Sid

Am Bell Telephone 4s 1908 J-J
J-J
Am Telep A Tel coU tr 4s. 1029 MS

100

Hale

J8«g

1907
Boston*
1944
Boston <& Maine 44a
1905
Improvement 4a....
Boat A Mon oil issue 7s... 1904
Terminal 1st 34s. 1947
Boston
1918
Bur JsMoRiv ex 6a
1918
Non-exempt 6s
1910
Sinking fund 4s
1917
Butte Js Boston 1st t>s
1st 78.1910
Cedar Rap <&
1909
2d 7s

10 °8

FA
M-N
FA
J-J
J-J

1>

ss

100

A-O
J-J
J.J

**

109

109
Sale

A-O
A-O

102
98

M-S
M-S
M-S
A-O
A-O

Apr'05

J-J

101*4 Sale

100

103*8
105 a4
140
140

,

106 *g
99 4
126*3
126
H18

100

J'uo'05

1004

Frices^

Monday

Saturday
July 1

July 3

—Not

108»4

100*«

1204
126
108*3

102*3

ACTIVE STOCKS

H76*i J'ne'08
25 .Maid:,

"70»oij77""

25

20

J'ne'o;:

97 4
97 4
101
101
103 J'ne'06
103 34 Apr '05

101

1024.

94
101
108
103 34
106

106*4 Feb'05

Dec'04
Deo'Oa

100
100

98
101

103
103 3«
100 4

104*4 J'ne'04

11024 Jan 'or,
125 4 Mar'05
103 4 Apr'05

103

\

F-A

1!

104 4 Sale

102 4102 4
105 34 1064

L8 103

103

aud asked.

4
4

103
105

1)91

91

Jan '05
111*4 Apr'05

111

4 1144

107

H»241I97»8

1[9l

latest bid

4 1004

105

1118411138

109 J'ne'05
94 34
94 34
102 4 Apr'05
3 May'06
105 4
102 34 Apr '03
103 4 May'05
104 3 s 104 4

1024

100

97

1044106'4

I'iese J'ne'05

J.J
J.J
J-J

1024
4

10341034

99 100
99
105 41064 1054 106
107 Feb'03
11054 H1054
109
94 »4 Sale
103

102'e

124 34 125

Mai '02

102
99

M-S
M-N

11141114

U Flat price.

Weekly, Yearly

Daily,

Mange for Year
1905

(For Bonds and Inactive Week
Stocks see below)
Shares

fYiday
July 7

1024 1024

1

75

F-A

Sales
the

»i

102*s Aug'Ol

M-N

;

',

'.'.

974.

MS

No price Friday

1) I

105

4106 4

1024 May'06
IS
Mux '04

104 Xuv'Ol

1911 M-N

Exchanges— Stock Record,

Thursday
July 6

102 4..

RR& Igrg4a.l947

1st lienconv 4s

\VS

LOS
104

Nov'04

100',,

"76"'

1 '-;'•

>..,

1204 Sep

1929
1906
1907
6a
1908
6s
1915
6a
1905
N Y<fcN Eng 1st 7s
1905
1st 6a
1924
Old Colony gold 4s
Oreg Ky <fc Nav con g 4a. .1940 J-D
oreg Sh Line 1st g 6s
1922
liepub Valley 1st s f 6s... 1919
Rutland 1st con gen 4 4a. 1941
Rutland-Canadian Ist4al949
savannah Elec 1 st cons 5s. 1 952
1930
Seattle Eleo 1st g 5s
Torrington 1st g 5s
1918

of

Wednesday
July

1

1024

074 984

Uoy'06

'4

1

UU",

1„

Loo" Loi"
1074 1084
1224
"a

L23

\i
84*4
*a
104
May'05
lo
.I'm '. B

1*-,

7s... L906 J-J
7s... 19 12 A-O

191

t,

in,-..

104 4

A-O
Out 1st 6s. 1926 A-O

prloe lor all Boston Bonds.

Per Centum Prices

Tuesday
July it

9

loi

L28

98

984
984

A-O

.

Philadelphia and Baltimore Stock

'.'.'.'.'..

1st 7a. .1907 J-J

United Fruit conv gen 5s. 1911
98 100
107 3 , 1094 U S Steel Corp 10-60 yr 5s. 1963
102 4103*3 West End Street Ry 4s. ..1915
103 4 103 4
Gold 44s
1914
Gold debenture 4s
105 34 108
1916
139 140«8
Gold 4s
1917
139 140*3 Western Teleph & Tel 5s. 1932
98 1014 Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7a.. 1909
98 101

101*4
101

101

MS
MS

Mexican Central cons 4s.. 19 11 J-J
Jau 1939 riy
latcons ino38
Jau 1939 •j'!j'
2d oons ino 3s
Mich Telep cons 5s tr rec.1929
Minne Geu Elt;c con g 5s 1929 jj

Union Pac
101

Apr'05

140

MRy*Br I8t5sl92'.i

it

28

00
100

1

lllnh
101 *.j

'„

J'ue'04
L00«b J'ne'05

FA

108

108*4 109*4

1404Apr'06

Q.-J

994
964

99 4

Notb—Buyer pays accrued interest in addition to the purchase

Share

1014

95 4

1

l.nw
1

.

1

New EngCot Yarn 5s
NewEngTeleph 6s

109

96*4 J'ne'05

112*4 Jan '03
102*3 Apr '05
98 J'ne'05
109*2 Mar'05
102 4 J'ne'05
103*8 Apr '05
105»4 May'05

102 4

MS

1913
1906
1915
1927
4s
Fremt Elk & Mo V 1st 6s. .1933
1933
Unstamped 1st 6s
GtNor C B «&Q coll tr 4s 1921
Be*istered48
1921

89 34

Loo" i'014

126 Feb'05
108 Mar'05
108»4 109
109*4 Mar'02

J-D
A-O

1st 6s

\ 1114

1

L09
101

1264Mai'05

126
125 34

M-K
J-D

Eastern 1st gold 6a
Fltchburg 4s

1

81

1

v,\

1004 J'ne'06

107

J-J

129

J'ne'04

99

954 064

J-J

<fc

994 994

L934
193

Lnoome 5a

Mara Hough <fc

1024

L29

1004 J'ne'05
106 4 Dec '02

M-N
M-S

B gen 4a

.v.-

1,

1014 Apr '05
105

F-A

M

19'J.s

since

/anuary

:oiii,

lo7VSak1334 L2J

On....

v.\ FtSruldgr 1st
Maine Cent cons 1st
Cons 1st 4a

88 3j

1(19

M-N

M

Ft Scott dc

l'

KauCStJo&C B

Sep '04
Maj'06

mo

J-l)

Kan
Kan

A'aiio*

High

101

101 4 Sale
ltii"

or
Salt

Love

Sal..

A-O
A-O
A-O

Kan C

ll'-J'i

Ask

100*4

1910 J-J

Kan ye
J.ast

Noii-oonvertdebon 6a. ..1913
la falls & Sioux C 1st 7s. .1917
K.in C Clin it Spr 1-1 5s... IO'J.'i
h.niC Ft S<fcGulf Ist7s..l9lis
Asscnti'ii

111»4 J'ne'05

A-O
A-O 101
M-N

Coll trust refunding g 4s 1940

Dominion Coal

129
111 34
88 Sole

«

ChMil& St PDubD 6s.. 1920
M St P Wis V div 681920
Chic & No Mich 1st gu 58.1931
1921
Chio & W Mich gen 5s
Concord <& Mont cons 4s. .1920
Conn <& Pass R 1st g 4s. ..1943
1927
Current Biver 1st 5s
DetGr Rap& W 1st 4s... 1946
Ch

994.

J-J

W

Feb '04

99 *e Jan '02
101
Msx*oa
112 4 Jan 'OS
112 4 Dec '04
102 34 Fob '05
99»(
99 4
100 J'ne'01
129 J'ne'05

112V

A-0
M-N
j.

L02 1104 4
94*4 974

96 7

1044 Apr '00
117 Fob '04

J.J

Cent Vermt 1st g4s..Mayl92o
Chi© Burl <fc Q extend 48.1905
1919
Iowa DiT 1st 5s
1919
Iowa Div 1st 4s
1918
Debenture 6s
1922
Denver Exten 4s
1927
Nebraska Exten 4s
sl4s
1921
B«fc 8
1949
Div 3 4a
Illinois
Joint bonds see Gt Northern
Ohio Jo Ry <£ Stk Yds 5s. 1915

MS

deben 5s

h

Week's

Friday
July 7
Hid

Illinois Steel

074

94
107

102^

lit)

J-l>

MoR

96\

8

1

99*j 100*4

100,.

107

I0 7

JYIce

IIOSTON STOCK F.XCH'Gh
WKKK ENDl.NII JULY 7

Low High

107

.

Lowell 4s

January

High

904

964 Sale

Atch & Nebraska 1st 7s.. 1908
Atch Top A S Fe cen g 4s. 1995 A-O
Adjustment k 4s.... J'ly 1995 N..>
Boston Eleot Light 1st 6a. 1908 MS
1924 M-S
Consol 6s

BONUS

Bangs

Bangs or

July?

7

J L'LY

Week's

Friday

BOSTON STOCK KXCH'QK

17

I

Lvwest

lor Previous
Year (1904 J

Mange

Lowest

Highest

574 Jan
J'ne

86 Deo
1094 Deo

5 34 J'ne

Highest

154 Deo

Baltimore
•83

26

894

k

26

26
90

26
90

-83
*99 3, 101
26
264

83

100

LOO

90

904

13

13

13

51

90

*83
H5 Consolidated Gas
100
•99 41004 Northern Central
50
•264 264 seaboard (new)
100
•90
91
Do lstpref
100
*55 34 564
Do 2d pref
100
-13
14
United Ry & Electric. 50

61

•504

634 64
"13

51
•27
ll'fe

13
*43 34
•16
•101
62

61

51

274

H
13

S

4

18
103
62

61

•17

18

62

Q

3i5, e 3is le

704
43% 43%

70*i 8

S 34

84

284 28 4
60
46

60316

44
18
102
63
4
71
43 4

2!

63

S

7038 IV-it
434 4S 34
8 34 813j«

i

;

93

45
18

45

174

102
63 4
4

102 34
62 34

714

704

71*4

44

43 34

43 3

10-1

64

44

4*4

8 13 16

9

i

8* 3

9

81*18 Philadelphia Electric}. 25

ia

92 34 93 4

"19

PHILADELPHIA

Bid

Easton Con Electric i.50
Elec Storage Batt
10U
Preferred
100
Gernuuitown Pass
50
Harrison Bros pref... 100
Indianapolis St
luo
Dadiana Union Tr
100
Insurance Co of N A. .10

Inter Sin Pow &, Chem.50
Keystone Telephone ..50
10
60

Mlnehili<fc Schuyl H..50
Haven Iron d; bttel.5

N

Northern Central
60
North Pennsylvania. .50
Pennsylvania Salt
60
Pennsylvania Ssteel..lun
Preferred
100
Phila Co (Pitts) pref.. .50
Phil German <fc >, orris. 50
Phila Traction
50
Railways General
10
8o»<i ueh Iruu & bteeL.i

Nevl

United N J P.P. a; C. .10''
Unit Pow & TMUM....25
United Trac PiLU
60

Preferred
50
V> arwick Iron & Steel, lo
V.e»t Jersey & SeaSh.;,o
Westmoreland CoaL...50

•Bid and asked

33*'4

69 4 Deo
4 4 No v

24 Mar
554 Mar
374 Ma]
May
||5

54 Jan

'J

39 4 Jan 13 j4^ 10 J'ly

38
28

Col St Ry 1st con 5s 1932
774 784 Con Trac of N J 1st 5s. '33
E<fcAlstM5s 1920 M-N
Elec & PeoTr stk tr otfB
ESq 11

H

"25 34

Gas-L lst_g5s 1928

& B Top con 5i '26 AIndianapolis Ry 48.1933
Interstate 4s 1943 ..F-A

116
!

1

I

Lehigh Nav 44s '14.Q-J
RKs 4a g
1914. U-t
Gen M 44s g. 1924. Q-F

12

Leh V C 1st 5s g'33..J-J
Leh V eit 4s 1st 194S. J-L
2d 7a 1910
M-8

4

no 4
65

J-L

Consoi 6s 1923
3

4

106 S

134 Oct

U04D<o

19 Nov
414 Dea
Mar 46 Deo
Mar 42 4 Deo
1

454 Jan 59 '4 Dec
May 108 Deo
81
194 Oct 22 J'ne
Bid \A8k

1194 1204
47

Annuity

1-1

0.^

1

6s g 1911.... J-D
4s g '47. A-O
Con
of '82 4s '37. J-J
Terminal 5a g 1941. Q-F
P
& B col tr 4s '21. J-J
Rochester Ry con 5s 1930
Roch Ry& L con 5s '54J-J
UTrac ind gen 5s'19.J-J

M

Ex Imp

M

W

108 >s 109
i.094

1014

101

1064

Un Rys Tr ctfs 4s'49J&J
U Trac Pit gen 5a '97 J-J

Chas CityRy 1st 5s '23 J-J
Chaa Ry G <fc El 5s '99 M->
CharlC<feAext5s.'09 J-J
1910 A-o
2d 7a
1114 112 4 City & Sub 1st 5s.. "2 2 J-L
106
City & Sub(Waa)lst 5s'48
Coal & I Ry 1st 58*20F-A
122 4 Col<feGrnvlst6s.l91t;J -J
101
102
Consol Gas 6s. ..1910 J-D
1939 J-D
5s
100
Sa& Ala 1st con 6a '45 J -J
Ou-'.i

844

b64

Prof
100
Atlanta <fc Charlotte. .100
Line BR. 100
AXlan Coast
Atlau Coast L (Conn) loo
Canton Go
100

109 4
117

125 34 127
150

1a

Gen eons la
Leh V i 1... let4a'29.J-L
New Con Gas.")- 1948 J-D
Newark Paaa con 5

2d

Flft...l00

pref

1st

2003. M->

Soui

Jirel
i

Brewing

Mt Vernon Cot Duck

NYPhANolal

68
85
155
161
420
98
30

No
1'.

268

01910..VM
.

mi

Pa<V:

134

-en Sa

Vai

<t MO 8t(
N V Can 7a '06, J-D

13 J«

Con

4a 1989

Penn Steel

\-'

-

People's Tr

11

of

Indebt 4a

J

yrlM 1926

Exchange

•

Npt

168

Loo"
75

9%

04

P

:;

111

1

prices; no sales on this day.

«j

Lfa -it

Ex-rlghlo.

,|

71

'4

ExtAl

|$15puhL

1

LOS
L02 a4
117

hm

''-";

83

Xorlolk St L-i 5a'

1

1..J-J

B
1

9

1

rao 5a

107
10

1

1

1

L2

113

1.-1
.

in

I,

l

I

M-S

..J-D

Va M

Ld

108

411.

12

tflOpad

116

-

117

J..1-.I

19
LOI

M.N

M-. -

1

1

1

1

I

1

117

L9

110

L997.JJ

1st

South Bound
Inco

'.

'.•7

..J-J

5a 1941. .J-J
s.iv Fia<S Weal 5s'34 .\->

Poto Val

90

in.,
1

314

1941 M-fl

North Cenl 44a L926
Bern A 5a L926....J-J
Berit a
Pitt in

'4

-

11

NAO P 1st 5b'38 M-N

General 5s

1

..;

'11

:

714

*7'5o paid.

U N
M-N

-1

102

TniMt oen

62*4
31*4
I'M

1004

in-.".
1. l

4a L930 J-J

1st 0,111
!

10(1

-J

A-U
5s..'29M-N
No Ball Dlv5 L9 L2 J-D
M N

Balttft

Phil Elec gold trust ctfs.

1

.

60

1139,1

Incomes

437 4
96

67

l-J

1

Ms

p<;.» i.t,ttoi trSs'49

112
124

Seaboard A

Bait C Paaa -1 6«'3
Halt Fnii.lt.- 58.1916

113 4

lates'll
.

1

.Mt

90

97

100
100
100

Anacostla<k Pot 5a
Atl tt Ch let 7. ..1907 J-J
Allan C L BB4al962M-S
Atit;.,ast L(Ct)otfa6aJ-D

101

I'enu 1st 4a '36..M-N

i'l-uii

"l" 34

1104
110
123

<

La

107 4 108
114*4 1144

.MftSt(NVa.sh)isl.".s'25FA
Ver Cot Luck 1st 5s

71

15. in. I-

Income 4a 1989. ..M-N
NoOnloTrao oon6a'19 J-i

114

1

Inactive Stocks
AlaGona Coahfc Iiou.100

109*4
112*4

106 4 100 34
108*4 10a 34

2d liicoino 5s 1961 .M-.N
KuoxvTrac lst68'28A-i
Lakelt Kl 1st ku.'..h'42M-S

UALTLUOKE

64

108

Ga Car AN 1st 5s g "29 J -J
jia P l8t6s..."22 J-J
GaSo<fii

63

62

95

*s

1174 1184

Flalat6a 1945J-J
O-B-S Brew3-4a L961M-8

113*4

Welsbach s f 5a 1930. J-D
Wlks-B G&E con5s'55J-J

106

97 4
85

-

97
90
AS
158 10O
100 4 100 4

Deo

70

8 Jan
104-Mai

7
2

BALTIMORE

Ask

Bid

Feb

17

73 34Mar)3
48 4Mar27
J'ne 5 12 4 Apr 7
Jan 4 536 Apr 17

ll'J

CouM

90

16

10
of

PH1LADELPULV

44 4

4

110 4 Feb 14
70 Feb 25

45
42

421
2,615

144 Nov
Nov

Au>:

105
98

Che<fcDCanlst5s'16J-J
Choc & Me 1st 5s 1949 J-J
Ch Ok <fc G geu 5s '19 J-J

4

lo

Preferred

Mar

11*4-\"V

20

Jan 20

25*4

264 Dec

Feb
54J'ly
7 34

May20 47 Feb
Jan b 4ti'4J'ly 7
389 684 Mar 9 63 MaylO
1,349 90 J'ne 5 1264 Apr 18
20 Feb 28 28 Jan 17
100

WelsbachCo

Ask

49

Oct

61

43 J'ne
18 4 May

284 Feb 17
124 Feb 20
174 Jau 27

Balls Ter 1st 5a 1926. J-L
BergiEBrw 1st 6s'21 J-J
Bethle Steel 6s 1998. Q-F

64

Keystone WatchCase.100

Tonopah Mining

Bid

54 4 Apr 4

P & E geu M 5 g '20. A-O
Gen M 4sgl920..A<fcO 1044
Al Val E est 7s 1910 A-O 115 1154
Ph & Read 2d 5s '33. A-U 124
AmRysconv5s 1911. J-D 1024 103
Con M 7s 1911
Atl City 1st 5s g '19. M-N
J-D 1164

50

Tidewater btuel

21

8

H7 34

117.920

iliniil-.

American Cement
10
Bell Telephone
50
Cambria Iron
50
Central Coal <fc Coke.lOo
100
Preferred
Consol Trac Pitta
50
Preferred
50
Diamond State Steel. .10
Preferred
10

Lit Brothers
LitUe Schuylkill

PHILADELPHIA

Ask

Inactive Stock*

Preferred

6,618
6,216

284 294 •284 284 28 J4 28 34 Phila Rapid Transits .. 50
6238 5^1* 16 534 oli^ie Heading
50
51»ib 5^4
•46
Do 1st pref
464 •46
50
46 4 -46 J4 47
Do 2d pref
50
454 46 5 ie 45*& la 464 461*18 46 34
50
604 604 604 W>* 60 604 Union Tracton
United Gas Impt
93 34 94
934 9334 94
94
50

464 46 3 B 463 le
454 454 45l >i8 45iB 1 8
•60
604 604 60 4
93

4434
18*4

8 34

>

284 284
50 4 514

*504 51 American Railways.... 50
108 48 Jan 8
50 3,109 24 34 May22
274 274 Cambria Steel
114 U4 Electric Co of America 10 2,100 104 Jan 25
134 14 Gen Aaphalt tr ctfs
100
476 10 Jan D
45
987 384 J'ne2o
474
Do pref tr ctfs
100
17
18
Lake Superior Corp
628 144 May24
100
105 106
Lemgh C & Nav tr ctfs. 50 1,322 100 4 J'ly 3
63 4 644 Lehigh Valley
50 8,342 52 4 Jau 9
4*4
645
44 MarsdenCo
100
3 J'ne 1
71 3 i8 71 34 Pennsylvania RR
50 20,146 65* 3 i 6 May22
43^4 44
Philadelp'a Co (Pittsb) 50 2,834 40 34 Jau 25

51*4
27*4

274 274
274
114 114 *11 3» 114
134 13*4 "134

B

1004101

71

Philntlelpliia

O
W
TJ
H
A
O

274 27*4
114 114

13

83 Mayl6 90 Apr 13
15 99 May 2 5 110 Feb 24
475 214 Jau 16 264J'ne30
"
635 83 Max23 oo 4 J'ly
194 474 Jan 24 54 J'ne'28
125 12 4 Apr 24 18 Mar 3

'4

Wll

..

1

I

THE CHRONICLE.

148

Volume

Business at Stock Exchanges

of

TRANSACTIONS AT THE
DAILY.

Stocks

Week pinHnq
July 7
lyod

Saturday

NEW YORK

STOCK EXCHANGE

WEEKLY AND YEARLY

shares

Railroad

J'ar value

V S
Bonds

Bonds

$30,987,100

.$1,092,500

75,63r),100

2.502,000

980,00

1.053,105

93,291.500
89,749,850
74,022,100

2,787,000
8,825,500
::, 709,000

713,500
947,500
795,500

....

Wednesday

839,67
Total

1

3.887.942

95'

'

t;; l.i.r,-..

Exchange

January

1IO&
$2,500

1904

141,450,911
3,887,9.12
2,156,929
53,310,495
Stocks — No. shares
Par value...... +343,085,950 $198,697,850 $13,140,583,475 $4,957,164,375
$2,300
$510,800
$363,800
$20,000
Bank shares, par..

BONDS
Government bonds

15,431,600

$17,252,000

State bonds

K it. and mis. bonds

$307,400
99,423,900
494,655, 100

1,990,200
323,760,600

$15,7/4.100

$2,500
3,833,500
13.410.000

$594,380,400

1 ia

si

97

{

40

90
H.D §111

g 5s 194^
11

<fc

$436,400

Pow —

3

a
$

98

•

Telear «fc Telephone
AnierTeleg& Cable 100
90
1|Uentral<£; So Amer. loo 120
Cummer Un Tel (N 5T).26 115
Emp & Bay State Tel 100 80
'

Franklin

loo
100

47
12U

Hudson River Teleph 100

North western Toleg. 5o

93
105
125

Pacific
Atlantic
25
Atlantic 25
H Southern

80
101

1lGold<fc stock
li4%s, 1905

Y&N J Teleph... 100
&

35

1

LO

29

llo
138
9l

112

A-O J110
111

&

5

"79"

100

93
127

84
53
125

95
170
128
85
105

EXCHANGES
Electric

Philadelphia

Boston

Week ending
July 7
29U5

Bond

Unlisted
shares

Listed
shares

933

5.081
14,659

26,873
16,088
23,163

$22,500
47,000

6,501

13,318
6,414
8,698

....

Wednesday.

35,924

85,864

Unlisted

Bond

sliares

IAsted
shares

sales

sales

21,491
22,950

HOLI DAY

71,000
62,500
122,500

44,000
49,800
91,800

114,112

178,966

$308,500

Weekly Review of Outside Market will be found on a preceding page.
Street Railways

NEW YORK
B'y

& 7tli Ave stk ..100

1|2dmort 6s 1914 ...3-3
Con 5s 1943 See Stock
B' way Surf 1st 6s gu 1924
fCent'l Crosst'n stk.. 100
Hist Si 6s 1922 ...M-N
CenPkN & E R stk. 100
Chr't'r & 10th St stk 100
lol& 9th Ave 5s See Stock

Dry D E B

& B—

5s 1932.. .J-D
IJScrip os 1914 ....E-A
iflst gold

H Eighth

Avenue st. 100

"[[Scrip

Ask

CITY

Bleeck St& Ful F stk 100
Hist mort 4s 1950 ..J-J
J]

Bid

. .

6s 1914 ....P-A

H42d& Gr St E'y stk.. 100
42dStM& StNAv.,100

33
95
240
104

36
98
245

Exch

list

$108
340
$117
205
175

107

110
360
121
210
186

Exch

list

114
100
385
103
400
50
107
80

116
102
400

410
70
109
111st mort 6s 1910 .M-S
85
1J2d income 6s 1915 J-J
Iriterborough Rap Tr. 100 200% 202

See St kExc list
Metropol Securities See Stk E x list
Metropol Street Ry See Stk E x list
Ninth Avenue stock. 100 185 192

Lex Av

<fc

Pav E 6s

Second Avenue stocklOO 205
111st mort 6s 1909 M-N 5102
Consol 5s 1948.... F-A
Sixth Avenue stock 100
S OU Bouiev 6s 1945. .3-3
So Fer 1st 6s 1919.. .A-O
Third Avenue See Stock
P <fc 5s 1928
Tarry

W

M

§115
170
§102
§105

Exch
§105

210
103
116
178
106
108
list

108

YkersStRR 5s 1940A-O §106
28th <fe 29th Sts 1st 5s '96 §112*3 114
IJTwenty-Th'd St stk 100 398 416
3-3 100
Deb 5s 1906
101
Union Rylst5sl942 F-A §110 112ia
Westchest 1st 5s '43 J -J §110
113

Atlan Ave 5s 1909.. A-O U02
A-O 113
Con 6s g 1931
Impt 5s See Stock Exc h list
B B & E 6s 1933. .A-O 100
Brooklyn City stock... 10 238
Con 5s See Stock Exch list
Bkln Crosstn 5s 1908.J-J 102
Bkn Hgts 1st 6s 1941 A-O 104
Bkln Q Co & Sub See Stk Excli
Bklyn Rap Tran See Stk Exch
U Coney Is. & Bklyn ..100 325
1st cons g 4s 1948.. J-J
99
Brk C & N 6s 1939.J
113
Gr SUfcNew 1st 5s '06 F-A 100
Gr"pt ALorimer St 1st 6s 102
Kings Co. Elevated
1st 4s 1949 See Stock Exch
Nassau Elec pref
100
75
6s 1944
A-O 110
1st 4s 1951
See St k Exc
N Wb*g<fcFlatlstex4%8 101
Bteinway 1st 6s 1922. J -J §119

W

Street Railways

Bid

Ask

IJLouisv St5sl930..J&J §113
Lynn<fc Bos 1st 6s '24. J-D §110
New Orl Rys Co (w i) 100 36
Preferred (wi)
79
100

II312
II212

New 4><2S

(wi)

§90

37

103*2

114
101*2

240
105

793.J

N

Rapid Tran St Ry..l00
1st 5s 1921
A-O
J C Hob&PatersonlOO
4s g 1949
M-N
So J Gas El & Trac 100
Gug5s 1953
M-S
No Hud Co Ry 6s' 14 J5s 1928
J-J
Ext 5s 1924
M-N
Pat City con 6s '31. J-D
2d 6s... .1914 opt A-O
So Side El (Chic) See C
Syracuse Rap Tr 5s 1946
Trent P &
5s 1943J-D
United Rys of StL—
Com vot tr ctfs
100
IJPref erred
100
Gen 4s 1934.. ..See Stk
UnitRysSanFran £eeStk
Wash Ry & El Co
100

H

255
§109
26
§75*2

125
$103
§112

76
127
104

90

J-D

'74"i

Cent Union Gas 1st 5s.
Con Gas (N Y) stk. See St
Conv deb 6s ctfs SeeStk
H Mutual Oas
,...100

$105
$124
$100
hicago

$108
$103
293,

80

Exch
Exch

107

100
N Y & E R Ferry stk. 100 70
1st 5s 1922
M-N 91
N Y & Hob con 5s '46. J-D §109
Hob Fy 1st 5s 1946 M-N §110
N Y<fcNJlst5s 1940. J-J §106

TJUnion Ferry stock .100
1[lst5sl920
M-N

Deposited stock
Undeposited stock...
Prior lien g 4 %s'30M <& s

list

109

105

30
82
list
list

30 J4 37*4
90 "2 91
Ql) 34
91
40
45

80

$107 109
k Exc h list
list

300

$111

112

J-J $113
J-J §110

115
112

N Y&Richmond Gas. 100

100
115

35

^Standard Gas com ..100
^Preferred
100
1st 5s 1930
M-N

1st 5s 1927. M-N $105

OTHER
Light
Preferred

130
155
109

108
150
170
112

CITIES

&

Tract. 100

II

Con mtg g 5s 1930.J&J
Income 5s 1930
Fort Worth &> Denver

3

3

106
91

16

4I2

&

Smelt

99
100
105 34 107

H

r

66*

16

19
71

07

J
23

34

Douglas Copper
Electric Boat

10
BO

27
I034

3%

1

140

10
7

5 t...

30

27

loo
Preferred
LOO
Elecl ric Lead Keduc'n.50
Preferred
50
Electric Vehicle
loo
Preferred
loo
Electro-Pneum'ic Tran 1
Empire Steel
100
Preferred
LOO
IIGeneral Chemical ..100
loo
1 Preferred

70

75
>r

•a

1V>

204
25%

20
25

h
oh

7^

38
62
102

104%

22

& Tenn Copper
6
Gold Hill Copper
1
Greene Con Copper.. .10
Greene Consol Gold... LO

22<«

42
04

Ga

%

4'*

Greene Gold-Silver....
HackensackMeadowslOO
Hackensack Water Co
Ref g4s 52 op 12. ...J-J
Hall Signal Co
loo
Havana Commercial. 100
1

19

100

Havana Tobacco Co. .100
Preferred
100
1st g 5s June 1 '22. J-D
Hecker-Jones-Jew'l Mill
1st 6s 1922
M-S

1i5s

91

80^

30

2

4

200
§102
2

3

24
110
100

100
100

Oil

R

1

20

M-N

Hudson Realty

Monongahela

26
40
81
109

h

100
100
IinplOO

1910

Houston

96

105

Herrmg-Hall-Marvinloo
1st preferred
2d preferred

20

$95
87
12
36
24
34

27

Coal. .50

Preferred

50

163
13ia

31
81
27
67
10
50

Mosler Safe Co

4
10%

175

115
104
160

100
20

100
100

Nat Bank of Cuba
100
Nat Ena<fe Stamp SeeStk

IfPref erred

N Y Transportation. ..20

Nor Am Lum'r

25
90
14
3

13
10
25

1

3

55
106

com

Preferred

58
109

1%.

100
100
1 t

Pittsburg Brewing
50
Preferred
50
Pittsburg Coal See Stock
Pope Manufacturing. 100
1st preferred
100
2d preferred
loo
Pratt & Whitn pref. .100
Realty Assoc (Bklyn)lOO
Royal BakPowd pref. 100
Russell & Erwin
25
Safety Car Heat <fe Lt 100
Singer Mfg Co
100
Standard Coupler comlOO
Preferred
100
Standard Milling Co. 100
Preferred
100
5s

-

8%

<te

Phoenix Mining

%

8^

PulplOO
IfOntario Silver
100
Otis Elevator

•

39%
72%

120
100
115
Exch Lst
125
135
42
45
105
175
180
24
29*8
67% 69"8

100

IJNew York Dock

-

107

Mont & Boston Consol .5
Mortgage Bond Co. ..100 115

N Y Biscuit 6s 1911. M-S
NYMtge& Security. 100

4*4

lO^g

103

Internat'lBankingColOO
13 14
Int'n'l Merc Marine. 100
30 13
Preferred
100
78
Col tr deb 4 i2l922op'07
•24
International Salt
100
62
101
1st g 5s 1951
7
60
International Silver. 100
96
48
Preferred
100
26
1st 6s 1948
J-D §106 1a
98
Lanston Monotype
20 r l6i*
Lawyers Mort lnsur.lOO 170
35
ULeh & Wilkesb Coal. 50
Lord & Taylor
100 109 "a
Preferred
100 102*4
51-. IfLorillard (P) pref
...100 140
512 Mack iy Companies ..10o
39
71
109
Preferred
100
20
94
Madison Sq Garden. .100
2d 6s 1919
M-N 70
9*2
UManhatt Beach Co. 100
fO
Manhattan Transit
20 t 2»4
169
Mex Nat Construe. pflOO 11 "a

100 125 128
75
50 t 70
II
11% 11 3.
American Can com... 100
69 V
69
Preferred
100
American Chicle Co.. 100 124 127
100
97
Preferred
100
243.
26 7s
11 Am Ice Securities.. 100
Debenture 6s
See StkE x list
Malting6s 1914. J-D 102 103
Am
6OI2 66 7e
Amenoan Marble
100
94 4
1st conv g os 1914 .M-S
American Nickel
lo t
1
1H
97
Press Assoc'n.loo
105
Amer
4
Am Soda Foun com.. 100 2
63
68
1st preferred
100
9
12
100
2d preferred
American Surety
50 190 200
Am Tobacco (new) com.. 265 280
Prefd
See Stock Exch list
SeeStk Exch list
4s and 6s
Am Typefo'rs com. ..loo 35 40
98 100
Preferred
100
4 34
Amer Writing Paper. 100 29i2 5
30
Preferred
100
86 h 87*2
J-J
5s 1919
Arizona Con Mining.. .50 t 291-2 30
2
Baldomero Mining
5 i
17
23
IIBarney & Sm Car ...100
100 128 130
IJPref erred
29
30
Bethl'm Steel Corp. ..100
76
80
100
Preferred
103
Coll. tr.g. s.f. 6sl914....
60 141 147
Bliss Company com
50 130 145
Preferred
Bond& Mtg Guar. ...100 400 410
155
Borden's CondMilk..l00 152
Preferred
100 112
113K
6I2
63g
6 t
British Col Copper

214

24

05'.

6s ol 1896

t
t

lc.

26ia
473s

Exch

30.
>

27
48
list

6

7

74

77
22

21
100
155
108
01
r
255
630
25
120
7 34

30
76
616

s

160
110
63
265
650

8%
33
79
620

Standard Oil" of n" J . . 1 00
storage Power
50 t....
%
Swift & Co See Boston St k Exc h'ge

;

1st 5s 1910-1914.... 3-3 §10234

Tennessee Copper

25
25
75
IJTexas & Pacific Coal 100
1st 6s 1908
A-O $105
Title Ins Co of N Y..100 187%
13*4
Tonapah Min (Nevada). 1
17
TrentonPotterles comlOO
Preferred new
96
100
Trow Directory new. . 100
Union Copper
10
Union Typewr com. .100 80
8.
1st preferred
t
/ie
ia
100 115
140 145
2d preferred
100 113
128 132
U, S. Casualty
100 200
15
20
U S Cotton Duck
100
67
71
U S Envelope com... 100 27
3i2
314
^Preferred.
90
100
19
21
U S Steel Corporation
75
78
Coltrsf5s'51opt'll .. §112
40^ 4634
Coltrsf 5s '51 not opt.. $112
104 w> U S Tit Gu<fc Indem.100' 125
1037s
§99 "* 99H. Universal Fire Ext'r. 100
6
3
155 160
Universal Tobacco.. .100
440 480
Preferred
,...100
105
Westchester & Bronx
106 110
Title & Mort Guar Co
168
98
102
Westlngh Air Brake.,50
100
White Knob Min (wi)..
1
Preferred (w i)
k Ex list
l^
orthing Pump pref. 100| 119

100
Camden Land
3
113
Bay State Gas
50 . a i«
Casualty Co of America..
h list Bingham ton Gas 5s 1938 $97 100 ^ Celluloid Co
100
104
Brooklyn Union Gas deb
Cent Fireworks com. 100
121
6s 1909 conv '07... M-S 170
100
Preferred.
Buffalo City Gas stocklOO
6*4
100
7
Central Foundry
1st 5s 1947 See Stock Exch list
OTHEE CITIES
100
Preferred
Consol Gas of
J
100
Deb 6s 1919 op '01M-N
Buffalo Street Ry—
1st 6s 1936
3-3 $92
96
Central Leather (w i).100
consol 6s 1931. .F-A $113
1st
114
Consumers' L
& Pow—
100
Preferred (wi)
Deb 6s 1917
A.O $106 107
5s 1938
J-D §110
New 5s (wi)
Chicago City Ry
See C hicago list
TIDetroit City Gas
50
95
Columbus (O) St Ry..l00
iom Elizabeth Gas Lt Co. .100 270 325 Century Realty Co 100
100
Chesebrough Mfg
Preferred
100
110% Essex & Hudson Gas 100 127 128
City Investing Co
Colum Ry con 5 s See Ph Ua list
Fort Wayne 6s 1925. .3-3
40
48
100
fiClanin(HB)com
Crosst/wnlst68'33.J-D 108
Gas & El Bergen Co. .100
60
62
100
111st preferred
Grand Rapids By
100
61% Grand Rapids Gas—
100
112d preferred
Preferred
100
91
Hist 6s 1915
F-A §101 104
Colo Industrial. See Stoc
Lake St (Chic) El See C hicago list
Hudson Co Gas
100 110 111
i Buyer pays awrued interest. IPrioe per share. *Sale price, a Ex rights, x Ex air, iNewatock.
H sells-oa Stook Exoaange, bat not

N

92

ho

co

& Hudson rights
Diamond Match Co. 100 139
Dominion Securities. 100

National Surety
llNew Central Coal

Algoma Cop

85

101

Preferred

72
92
1093
111

71
City stamped
100
Northern Securities.. 100 167
262i2 287:42
Stubs
36
Pitts Bess & L E
50 t 33
Preferred
77
50 t 73
Seaboard Air Line
100 101
Coll tr 5s 1907 op... M-S
SeaboardCo
See Bait Exch list
Va & Southwestern. .100 50

Amer Bank Note Co.

290

Nor Un

§

40
95
25
90

Railroad
Ohio Peo & St L pref. 100

Alliance Realty

Exch

New Amsterdam Gas—
1st consol 5s 1948.. J-J
N Y & East River Gas—
1st 5s 1944
Consol 5s 1945

3^2

B& NY 1st 6s 1911. J-J

<fe SoBlykn Ferry* St
Transp 1st 6s 1906M-N
10th & 23d Sts Ferry 100
1st mort 5s 1919... J-D

!

80

Del

Hoboken Land&

Industrial and Miscel

$109^

Preferred
.....100
4s 1951
J-D
HWest Chicago St
100
6s 1936.. ..M-N
IfCong

Amer

60

25
$73

Brooklyn Ferry stocklOO

91

Coll trust 5s gold notes
1909 optional.. ..M-N §97% 98
North J ersey St Ry 100
27
1st 4s 1948
M-N §77 78
Cons Trac of
J. ..100
S3
84
1st 5s 1933
J-D $109*2 109 12
New'k Pas Ry 6s '30J-J §113 114

list
list

list

57

85

Ferry Companies

North Chic Street See C hicago list
Pub Serv Corp of N J100 116 118
Tr ctfs 2% to 6% perpet 68
69

Gas Securities
NEW YORK

BROOKLYN

N Y<fe Q El L&PowColOO
Preferred
100
UnitedElectricof N J100
4s 1949

Cuban

Ask

85

Consol Rubber Tire. .100
Debenture 4s
Cons Storage BatterylOO
Cramps' Sh<fe En Bldgl 00
loo
flCroi
'
Pr< terrcd
100

Preferred

Chicago Edison Co See C hicago list
HKingsCo El L&P Co 100 200 210
Narragan (Prov) El Co 50 tlOO 104

NY

Outside Securities
A

Companies

....

44,982
45,130
47,647

$325,500

$37,100
85,800

28,983
17,695
22,993

7,607
33,594

Bid

'

23
77
05

II

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA

IndCNat&

Miscel

1

HockCoal&Ipf 100
IstgSs 1917
J-J

Compressed Air Co... 100
ioi" Consolid Car Heating loo
".Cons Firew'ks com .100
101
loo
1 Pr<
50
By Ltg&Rerng.lOO
LOS

97 "a
30

.100

1IN

Total bonds..

1

1st 6s 1926
r-D
I'al & Pas Gascfe EleclOo
Con g 5s 1949
M-S
11
St Joseph Gas 5s 1937. J -J

.+320,183,200

$342,500

'.'on

No Hudson L

Industrial

Ask

Co!«fe

25
80

Oas.. 1 00

os 1938

July 7

1 to

1905

1904

1905

.+2,500

$13,416,000 $3,833,500

Week ending July 7

Sales at
Hew York Stock

Newark Consol

I

SOL]

.-17,151!

Bid

2 1
Oog<&WabVl8t6s'25.J-D
.Madison Oas Os 1926.A-0 §100
Newark Gas 6a 1944. QJ }187

$397,000

326,571
851,478

Monday

tin.it Securities
ndlana Nat <fc 111 Gas—
1st 6s 190«
M-N
Indiana poli.s Gas...
50
lstg 5s 1952
A-O
Jackson Gas Co ..
50
5s g 1937
A-O
Kansas City Gas
ion
liLaclede Gas
100
Preferred
100
Lafay'eGaelst68'24.M-K
I

.

SI ah'.

<fcc

Bonds

[Vol. LXixi,

W

»'

26
85
110
192

13%
19

96%
65

;

1

90
120
118

",
93

-\

128
7
1
6

175
145 a
;

2V

121

i

very acUve security

1

..
.

.

.
.

'

1

THE UlRONICLK.

.Ivi.y S. 1905.1

II!)

|twestmeut and Railroad Intelligence.

RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returna
oan be obtained. The lirst two columns of figures give the gross earnings for tlu> latest week r monl ii, and be lasl wo
'column* the earnings for the period from .tuly 1 to and iaoluding such latest week or month.
We a II ;i supplementary
'ttatement to show the fiscal year totals of those roads whose Baoal year docs not begin with July, but <•<>>
The returns of the street ruilioays are brou
ther separately on << subsequent page.
'period.
i

July

Latest dross Earnings

ROADS

Week
or

Current
Year

Month

1

:>

/Virions

ltOADs

tout
1

Earnings

i.ntrst (truss

itonth

oi

i

•J

:

'

'Atlantic *Btr...|May
Atl Coast Line... May
Bait A Ann 9 L.. April
!

May
Ohio
A Aroosl May
Bellefoute Ceufl May
Eridgt jtSaeo K. April
uttKoch* flits- 4thwkJ'ue
Bait

A

Ban*or

Buttalo &Snsq...|May

May
Cal Sorthw'n
Canadian North. 4thwk J'ne
Canadian Faelik -IthwkJ'ne
Cent'lof Georgia -ithwkJ'ne
Cent'lofN Jersey May
Chattan South'n. -IthwkJ'ne
.

Chesap & Ohio...
ChloA Alton Rv.
Colo Gt Western.
CbJoIndAL'v...

IthwkJ'ne
-ituwkj'ne

Chlcfe North \V
<feO.
CliteSt

May
May

-May

May

ChioMilw &Str May

PM

CinChd: St L. June
Peorla&East'niMay
Colorado A South IthwkJ'ne
CI

Newb A Luu.

Col

Jlday..

Copper Range.... April.—..

May

Corn-wall

Cornwall &Leb.. April.
Denv. & Rio Gr. [4thwk'J'ne
. .

Det

& Mackinac May

Detroit Tol.

&

Ir.|4thwkMay

PulSo Sh A Atl.. 3d wk June
Erie
F'rehild&N'r'e'n

May
May

Farmv& Powhat

May.......

Fon Johnst&

Gl.

1

888, 9'

Chle Term Tr RR -IthwkJ'ne
CluN O tfeTPao. 3dwkJune
.

81,540
2,002.103
13.709
5,840.175
189,373
4,245
2,933
242,064
104,348
130.27
131.800
1,390.000
235,564
2,113,292
3,'. 07
1,802,480
852,282
191,243
151,082
3,900,554
4,603.857
3

41,386
138,289
1,852,355
202,804
145, 978
18,405
50,572
21,683
30,08=
452, sou
83.535
38.520
5if 212
4,135;i0i
2.344
8,206

May

55,3-25

205,075
Ft W&Denv City May
May
197,322
Georgia RR
130,097
Ga South A Fla.. June
Gr Trunk System Ithwk J'ne 995,896
67,732
West'n odwkjune
Gr Tr.
22,148
Det Gr H AM.. 3d wk June
3,560,945
Great Northern.. June.
'

•

Montana Cent'J June
Total system. 'June

Gulf&ShipIsland

3dwk

191,22'
3,752,106
June
40,36

Hockintc Valley.. May.
Tllinois Central.. May
Illinois

Dad

111

Int<fc

Southern

& Iowa...

5-6,4-56

3,821,078
22,853

May

June
GtNorth'nlithwkJ'ne

145,020
132,060
68,438
156,53b
564,430

llnteroo (Mex)...!4thwkJ'ne
4thwkJ'ne
Iowa Central

Kanawha d: MichJMay
Kan City South'u|M»y
LakeEne&Westn June.
Lehigh Val RR..
Lexing A Kast'n.

May
May

Long Island

April

2,761,731
47.313
Inc.

Louisiana A; Ark. May
Louisv A Naahv. IthwkJ'ne
Macon & Birm. May
Man'teeJcGr. ii;ip November
Mauis A No Eas April
Manistique
IMay
Maryl'd A Penn..|May

84,102
969,630
9,657
4,282
35,964
8.550
30,014
2,433,651

Mexican Titern.iMay
Mexican Ry
'WkJ'ne 17
Mi'.xicanbouth'n 2dwk June
Miilen <t So'w'u. March

552,35*;

.

.

Mex ican Cent'l.. May

Mn.t

121.000
23. 1~1
7,11)2

Range.. -ithwkJ'ne
Mini. cup .t St L -IthwkJ'ne
Mo Kan <fc iexa- IthwkJ'ne

Mo Pao& Iron Mi Itawu J

v

18,855

ral

..135

426,941

ni 1,113,000

Central Brancli •ithwkJ'ne
Total
IthwkJ'ne

53,000
1

,14>6,000

55,33*1

3,221,252

39,000
19.000

2,

3,012,102

120,108

2,30
1,232,405

1,301.4 10

M

st

1>

S SI

,fc

IthwkJ'ne

\l

1

Mob Jack A KO. WkJ'nel7
iiulf.t('htc.Dlv

*
179,33

A Ohio... ithwk J ne
Nash Oh &8tL.. lone
UK of Mex IthwkJ'ne
[Nat'l
Nev-Oal-Oregon May

4th
1st

2d
3d
4th
1st

(43 roads).
(42 roads)
13 roads).
week Apr. 10 roads).
week May (42 roads;
week May 12 roads.
week May 1 roads).
week May 16 roads).
week June 42 roads).
1

7.070.982
7,870,106
7,9,io. 177,

10,152,570
7.396,318
7.0o7,- LO

,

1

(
1

2d week June (42 ro
3d week June (41 roads).
4lh week June (3 1 roads).

Mexican currency,

!

A

19 1,213
7. 73-, 7o6

-.232,912
lo.l 19,-17

27.1.-73

2,0;,-, I',-

7,601,13V:
L.46:
1,1-;

I

1

1

1

I

1

i

1

•1

:

.

i

. .

V&N

1

W

,

Wn

W

LE

i

,

1

1

1

M

(

1

<;KO>n

Inc. or Dec.

10,950

7,203,788
7,208,724
9,659,903

-r

P.C

69
.-,,2

3 21
13.43

7.164.329
10,85
7.20

;

•

1,952

It

1

SUMMARIES

A*

Month Juno 1904 (108 rds
Month July 1904 (125 rda
Month An.'. 1904 (I22 rds
Month - pt L904 (I21 rda
.Month Oct 190. m
rds
Month Nov. 1904 (12 rds.
Month Dec. L904
Mouth Jan. L905 (116 rds,
:

-

1

11

,

0,1

Atlanta Kuoxvllle

tstd.

A

lines In

,

1

1

rds.
1

1-

•

>;

1

,,-kis.
1

in

Current

31

5,60i
1.11 1.72-

YearVPrmUnuYar

13,351,491
132,212,021
1

»,

193

1,308.828

Inc. or Dec.

11 I.2-0.177,

—7,469,
1

1

I,

I

1.

...
t

L5 1.301.

i

17

:

1

10,909,

I

:..,.

,102

1.1

'

<<

14,641

LO

3.053
1

,

13.71

1.

101

I

17.252,135

I3,622.85i

136,595.868
1-, 307,101

1905

Nortuern include

3*i

May

1

Month
IW05 (117
Mont Mar. ...,.,
Month Apr.

3-22 1M011U1

+ 3-

A Tex. Cent.

MONTH

June

to
to

rlonllily.

1

7,90:

7.471.19.,

Jan.
Jan.

EARNINGS— Weekly ami
'71

+681

7.7,' "

7.9,.'

I

1

o Includes tne Hoos.
Eastern Illinois In hoth years.
Included In 1905 since Jan. 1.
:

the Cliicago

6.903,274
01

I

11,42

1

DaU

Previous
year

1

166

I

Current Year Previous Y'ar

1

263. 106

Latest

("

YO&

I

week Apr.
2d week Apr.
3d week Apr.

9,

1

21.0*10 1, obi, 743
-.'.-6
837,372 ,-i;2,-:.:.
/>.<• 36,257
65,348
1,19,
30 1, 093 2--. 121. 11,70 1.7
55,780 1,92 1,064 1.97 7,9 17
211.709
200,1 io
l-.l .1
L.051
,338,483 62,495,233 S3.053.732 Nevada Central. ,May
3,1-1
32,012
27,:. 17
I. -7.9
270,300 3,098,189 2,976,850 N
7.137,502 0.309.999 74,236,108 71.130,848
Hud Rl\ May
54,710
919,381
601). 03
019.24 1 N Y Out<te West. May
570,497 6,416,725 0,010,110
,822,, 35 20,170.184 18,78*'. 245,663 249,67
2,485,707 2. 39-, 279
N V susi! A Weal May
133,997
14,970
2,223,00:; 2,013,603 21.92o,i I.. 20,-2
137.290 Norfolk .V West'n May
921, --9 59,689,182 Northern Centra May
,242,966 61,
956, 7)07)
901,865 9,472,246 9,255,7 10
150,332 1,967,053 1,858.990 Xorth'u Pacific Mav
4,403.2
3,716,11 17,229,1..:, 1.1,1 1,2-3
7.1,307
4,865
105, 7.900
61,748 Ohio R1V& West.. April
15.870
L6.692
2,841
37.958
3 7,291 Pacific Coast Co. April
I.. 88,765
12,909 5,056,604
479, ,.(M
206,049 8.156,851 7,529.957 ePenn— EastP&t May
11519338 1010013- 11230!; L35 i 09389235
/.,. 3.13 6,600
--1,737
84.832 1,028,886
Inc. 8 92,7.00
eWest P it E... May
133,815 1,391,683 1.332.-39 PereManiuett*'. 2d wk Mar 237.091
210.191 8,959,1 7,820,042
97,200 3.871.-0O 3,124,800 PhilaBalt&W'sli May
1,346.358 1,235,558 12,-3 1,-32 2,392,132
,377,000 50,427,854 16,417.267 Phlla A Erie
632,566 020,020 6,368,136 0.277,020
April
•2ol.l5:i 10,132,860 9,396,931 Pittsb CC&Stl May
2,117,7.-9 1,902,27.1 22,788,028 22,310,137
,924,915 20.673,526 19,795,680 Raleigh &
i 1.073
42,328
4,330
4,809
Fear April
120,-17
3,151
111,-99 Rending Railway May
3,550,477 2,956,970 34.001,157 31,900,074
-us
,617,942 18,877.815 17,559,
3,642,048 3.347.691 33,303,715 32,225,017
May
Coal«fc IrCo
842,928 10,880,984 L0.469.684
7,192.525 6,304,661 67,367,872 64,125,091
Total Both Cos. May
184,905 7,622,515 8,186,679 Rich Fr'ksl) ct P April
158,337
159,927 1,225,709 1,170,757
•109.290
492,947
128,704 5.589,352 5.280,516 Rio Grande Jet.. April
47,798
42,460
10.-7.1
,531,435 45,643,489 44,464,135 Rio Grande So... Ituwk J'ne
10,32462,270
468,233
,835,909 50,700,457 18,954,075 Rook Isl'd Sys.. May
3,493,374 3.025,225 10.2-9,096 11,.. 75, 874
2,491,0-0 2.4 1.451
795.037 10,936,050 10,586.591 Rutland RR
June
3S.710 1,540,146 1,570,763 St Jos&Gr I
116,265 103,052 1.172,472 1. 219. Ol 9
May
124,067 7,149,649 6,568,413 St Life San Fran g May
3,022,436 2,642,320 35,319, l-o 3 2.-71,707
198,991 8,875,79- 7,649,486
.038,743 22,296,088 21,069.954 St L Southwest
4th wk J'ne 204,711
250.120 2,617.627 2,785,119 Seaboard Air L.. April.,
1,189,044 1,092,078 11, 217, -11 10,663.353
100,306 6,200,378 5,702,0-7: Southern Ind
100,992
95,968 1,270,888 1,1-2,-05
M ay..
14,266
216,872
210,303 So Pacific Co 6... May...
8,354,252 7,518,833 87,659,881 36,057,010
504,650
43,463
421,474 Southern Railw'j ithwkJ'ne 1,170,240 1,060,754 18,026,968 15,147,480
723,553
6,612
89,803
808,502
68.422 Texas Centra!
15,005
9,219
3dwk June
222.740
21,305
201,706 Texas <fe Paciflo.. 4thwkJ'ne 204,819 248,110 12,002,97.*! 11.940,013
159,2,
149, 9-9
431,000 17,007,035 16,409,766 TexS
10,000
9,000
W .. June
904,187
894.353 Tol & Ohio Ceut May
85,303
268.832 264,730 3,448,960 3,252,0. ,2
29,336 1,335,309 1,392,947 Tol P <& West .... IthwkJ'ne
33,302 1,260,922 1,308,710
37,9 15
47,796 2.619,427 2,4 15,653 TolStLA
83,144 3,752,290 3.331,9-5
92.57
4th wk J'ne
599.330
63,945
608,789
,869.030 41.390.e63 41,105.528 Tor Ham <fe Butt. May
56,197
34,346
32.992 U*n Pac System .. May
2,857
4,716,870 4,551,769 54,105,183 50,661,862
81,257
9,298
76,736 Vandalia H.H.—
56,691
647,850
614,438
348,679 330,098
8t. Louis Div. January.
379,556
152,566 2,312,340 2,321,575
417,308
48,117
51,196
Terre H. <fe Peo. January.
557,356
010,033
169,4:84 2,289,524 2,259,655 Virginia & So
46,250
65,829
May
24.0-5,701 23,013,746
134,148 1.700,887 1,693.541 Wabash
IthwkJ'ne 602,587 675,Sr
3.901.534
,028.522 34,955,588 34,282,585
350,850 342,850 3,946,834
Jersey & Sea'e May...
83,139 4,920,517 5,165,422 Wheel &
IthwkJ'ne 126,565 118,923 4,506,134 4,330,072
l.;-,776
139.-99
27,890 1,376,601 1,215,428 Wni'sport&N.Br. April.,
14,140
12.357
,933.517 41,608,431 38,643,428 Wisconsin Cent.. May..
594,899 518,117, 6,085,119 5,921,096
102.270
17-.!12,531
10.903
186,826 2,335,603 2.3i-,7t;9 Wrightsv & T'n.. May...
599,460 581,444 8,105.-95 7.303.504
,120,343 43,99-1,034 40,962.197 Yazoo A Miss. V. May...
32,779 1.831,119 1,788,930
391,008 5,435,541 5,243,629
Pree mils
Curri ni
,794,563 45,397.955 42,806.910 VARIOUS FISCAL YEARS
Period
y, or
Year
252,487
228,905
22,439
1,793,653 1,615,814
Inc. $26 3,031
Jan.
to Apr. 30
123,981 6,288.561 5.740,648 Allegheny Valley
to Apr. 30
$653,930 $602,4 16
Mar.
145,551 6,003, 331 6,053.472 Atlanta & Charl Air Line
342,-37
500,030
to May 31
59,069 2,588,389 2,377,104 Atlantic & Birmingham... Dec.
24,-02
23.846
Jan.
to May 31
136,623 1.613.297 1,518,274 Belleionte Central
.,446' 01. C. C. <te St. Louis
to June 30 10,154,800 9,999,-22
Jan.
537,552 6,091,412
1,090,100 1,239,103
Peoria A Eastern
Jan.
to May 31
4,923,617 5,090,211
to
June 30 2,813,879 2,405,441
2,514,006 28,238,375 27,086,112 International & Gt North'n. Jan.
465,454 Intenxseanic of Mexico
Jan.
to June 3o 3,205,394 3,270,127
125,200
37.069
2,325,228
to June 30 2,277.854
lnc
Lake Erie & Western
.Jan.
475,501
94,435
150,577
157.578
to Apr. 30
643,877 Manistee & North Eastern. Jan.
70.073
705,534
27.847
27,463
Manistique
Jan.
to May 31
it 889.816 33,511,656 37,292,837
76,686
85,002
123,499 Maryland & Pennsylvania. Mar.
to May 31
123,322
8,462
2,717,159 2,989,146
to May 31
37.332 ;.Mexican International .. . Jan.
5,802
34,187
to June 17 2,906,800 2,909,-00
340,692 (Mexican Railway
Jan.
356,229
34,32
56 1,488
7,ol,20.
68,174 (Mexican Southern
Jan.
to June 14
7,150
74,933
283,419 M isaouri Pacific
297,1-1
Jan.
to June 30 19,072,1
25,73.0
80 1,250
765,973
Central Branch
Jan.
to June 30
2,336,071 23,851,888 23.898,537
Total
Jan.
to June 30 19,-,;-, 393 20,358,611
557,364 6,046,749 6,360.119
to Juno 30 6,094,966 5,199,467
Jan.
127,060 5,788.300 5.720,200 INational RR or Mexico
to May 31 32,135,702 9,92 1,429
Ian.
22,291 1,113,800 1,092,156 New York Central
3,985,592
•1,002.:. <_
to May 3
Northern Cent ral
Jan.
5,819
5»9,926 ePenusy., East of P & E
to May 3 50,916,917 16,91 -.117
Tan.
687,460
18.118
o..,,
Inc. 2,5
May 31
eWest o! 1' A- E
to
79,912 3,064,755 2,650,56
Jan.
.,.:•'
to May 31 7.,-03,99l
Phlla Baltimore & Wash... Jan.
525,-07 20,041,092 17,76*
2,1* 3.836
... LO
Apr. 30 2,160
Philadelphia & Erie
Jan.
to
1,163,000 41,549,679
.211
1,769,636 Pitts On !hio &
to M»y 31 10,29;
Louis... Jan.
44,000 l,59ii.i::
216
to Apr. 3o
Deo.
1,207,000 43,145,813 ;:.,... ,0,346 Rio Grande J unction

AGGREGATES OF
1st

lOi;

13,477

Mobile

Texas a- Pacific
w est Jersey & Seashore

VtEKLV .SUMMARIES

213,

>

Current
Year

Previous

ea r

+

61,702
Ala Gt Southern. 3dwk June
Ala N O A lera.- Pacific.
-uwk June
19,000
N O .s No East,
21.000
Ala * Vlokab'g 2d\vk June
1,0* '*'
Vlckeb 8h A P. 2dwk June
/we
Allegheny Valley April
ithwk J'ne
56,208
(Ann Arbor
5,845.260
Atch Top vt 8 Fe May
293,680
'Atlanta & Char.. April

in.

t

9.5
1

i.,i.;..

Covers Uues dlrectlj

both years slue

Li

127.2..

April!;

1

,

unadpr-.

«a

THE CHRONICLE.

150

Latest Wroas Earnings bj Weeks.— In the table which
follows we sum up separately the earnings for the fourth
weflk of June
The table oovers 34 roads and shows
322 per oent increase In the aggregate over the same week
last year.

[Vol. lxxxi.

— Gross Earnings. —
Previous

Tear.

Tear.

Tear.

Tear.

9

$

$

Roads.

Farm v.APowh'n.b. May

8,206
July 1 to May 31...
81,257
Bt.W. A Den. City. bMay
205,075
July 1 to May 3 i .
2,312,340
Gulf A Ship Isl'd. a.May
163,061
July 1 to May 31 .. 1,710,881
Illinois Central... a.May
3,821,078
July 1 to May 31. ...45;397,955
Interooeanlo Railway of
Mexloo
May
527,143
Jan. 1 to May 31
2,720,642
Kan. City South. a.. May
564,480
July 1 to May 81
6,091,412
Louls'na A Arkan.aMay
84,102
July 1 to May 31
765,534
Loulsv. A Nash v. b."
May 3,206,274
July 1 to May 31 ... 35,351,671
o Mex. Internat'l. May
552,386
Jan. 1 to May 81..
2,717,159
Mineral Range . b. . .May
62.121
July 1 to May 31
627,041
M. Bt.P.AB.8. M.b.May
672,967
July 1 to May 81..., 7,925,773
Mash. Ch.ASt.JL.b..May
855,427
July lto May 31... 9,282,445
cNat'l RR. of Mex.. May 1,073,496
Jan. 1 to May 81..., 5,099,630
Norfolk A West'n.b May 2,223,003
July 1 to May 31.... 21,920,416
.

4th week of June.

Ann Arbor

1905.

A Plttsb'g.

Buffalo Boon.

Canadian Northern
Canadian Paolflo
..
Central of Georuia
Chattanooga Southern...
Chicago ureat Western.

Ohio. Ind'plls A Loulsv..
Ohio. Term. Transfer....

A Southern

Colorado

Denver * Rio Grande
Grand Trunk of Can...
Grand Trunk West
Det.Gd. Hav. & Mtlw

3

International A Gt.No..
Interooeanlo of Mexico..

IowaOentral
kouisviUe
M'.noral

A

Nashville..

Ranee

....

Minneapolis A St. Louis.
Minn. St. P. AS. Ste. M..
Mo. Kansas A Texas
Mo. Paolflo A Iron Mt. . .
Central Branob........
Mobile & Ohio
„
National RR. of Mexico
Bio Grande Southern...
Bt. liou is South western..
Southern Railway ......
Texas & Paolflo
Toledo Peoria A West'n
Toledo St. L. A West
.

Wabash
Wheeling

........

A hn k e Kr

Total (84 roads)

1

e.

.

.......

Net Increase (3-22

1904.

8
56,203
242,064
131,800
1,390.000
235,564
3,i07
191,243
151.042
41,389
145,978
482,800

1
55,780
206,649
97.200
1,377,000
201,183

995,896

1,028,522

145.020
182,690
68,438
969,6*0

128,981
145.551
59,069
899,816
18,113
79,912
179,3 34
525,807
1,163,000
44.000
251,873
288,420
10.854
198,^92
1,060,754
248.110
33,362
83,144
675,827
118,923

Increase.

18,855
95.438
213.406
426,944
1,113.000
53,000
266.406
304,693
10.328
204,711
1,170,240
264,819
87,915
92,577
602,587
126.565

3.151

184,905
128.704
38,710
100,306
431,000

10,384,485 10,059,952

p.o.).

Oecreane.

423
85,415
34,600
13,000
31.381
56
6.338
22,378
2,676
45,672
51,800
82,626
16,039
12,861

"9,369

.

79,814

742
15,526
34,072
98,863
50,000
9.000
14,533
16,273

526
5,719
109.486
16,709
4,563
9,433

May

bMay

956,565
4,062,392

31

9,238
2.164
1.412
76,736
7,493 def. 2,316
152,566
16,437
20,449
2,321,575
531,278
697,516
149,€98
46,347
44,004
1,683,4:6
429,342
565,784
657,174
3,794.56?
876,820
42,806,910 13,264,668 10,870,980

108,256
593,942
139,379
657,163
2,728,663
739,946
104,130
537,852
143,578
5,985,446 1,632,592 1.661,797
36,383
70,073
29,076
294,248
643,877
191,158
811,807
2,920,407
836,039
34,310,966 11,330,807 10,939,572
214,522
217,220
557,364
2,989,146 1,041,512 1,271,145
52,405
8,962
12,135
534,605
157,503
63,441
246.489
172.443
489,229
6,341,670 3,837,692 2,929,411
175.063
850,559
189,634
9,340,603 2.891,705 2,388,055
997.369
373,801
353,017
4,962,995 1,646,178 1,574,833
865,156
817,869
2,013,603
20,825,079 8,588,490 8,304,061

901,865
3,985,592

216,507
457,269

266,907
649,5b9

Pennsylvania—

7,642

592,649
324,533

Northern Central
Jan. 1 to

73,240
"

Wet Earnings.
Current
Previous

Current

268,116

Iilnesdlreotlyoperated
JEast Of Pitts. AE.May 11,519,338 10,103,138 3,706,864 3,316,164
jjan. 1 to May 31.. .50,916,917 46,918,117 12,416.458 11,115,858
Inc. 209,500
Inc.
892,500
Westof Pitts. AE.May
Inc. 2,505,700
Inc. 601,200
Jan. 1 to May 31...
395,887
436,387
Phil. Bait. A Wash.bMay
1,346,358 1,235,558
Jan. 1 to May 31... 5,803.994 5,366,294 1,211,725 1,095,525
38,622
37,933
13,247
14,781
Rio Gr andeSouth bMay
205,606
177,324
437,453
423,624
July lto May Si...
103,052
35,960
20,334
116,265
St. JOS. A Gd Isl. b .May
214,531
274,946
July 1 to May 31... 1.172,472 1,219,019
8,354,252 7,518,833 2,787,392 2,372,423
t South. Pao.Co.a..May
July 1 to May 31... .87,659,88186,057,010 27,511,933 25,880,588
Onion Pao. Syst.a..May 4,716,870 4.551,769 2,052,239 1,933,570
July 1 to May 3 1.... 54,105,188 50,661,862 25,146,877 22,921,421
76,017
350,850
342,850
86,717
W.JerseyA Beash.bMay
130,177
195,377
Jan. 1 to May 3l ... 1,414,728 1,368,828
309,005
111,024
18,348
428,780
Wheel. AL. Erie.b.May
972,598
828,066
July lto May 31.... 4,119,593 3,963,438
599,460
581.444 def.49,409
39,879
V'azoo A Miss.Val. a.May
July 1 to May 31.... 8,105,898 7,303,564 1,891,481 1,702,939
.

For the third week of June our final statement oovers
41 roads, and shows 5'87 per cent increase in the aggregate
over the same week last year.
3d week of June.

1905.

1904

$

$

Previously rep'd<38 rd's)
Gt. Southern..
Oln. N. O. A Texas Pao..
Mob. Jackson A K. City. -

7.700,890
61,702
138,289

7,283,005
55,330
124,067

1110.582

TT8.791

Total (41 roads)....„,.
Net increase (5-87 p. o.)..

7,911,463

7,471,193

Alabama

1 Figures are for

week ending June

Increase.

Decrease.

9
484,392
6,372
14,222
1,791

$
66,507

606,777
440,270

66,507

a Net earnings here
b Net earnings here

24.

For the month of June the returns of 37 roads show
as follows:

Month of June.

1905.

1904.

$
Gross earnings (37 roads) 35.832,410 33,761,177

be seen that there

Increase.

$
2,071,233

Per

Cent.

613

is

Net Earnings Monthly to Latest Dates, --The table for
lowing shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, including all
roads from which monthly returns oan be obtained, Is given
once a month in these columns, and the latest statement of
this kind will be found in the Ohboniclk of June 17,
1805
The next will appear in the issue of July 22, 1905.

— Gross Earnings
Current
Previous
Teat-

Roods.

Ann Arbor. b

Year,

Net Earnings.
Current
Previous
Tear
Tear.

8

May

given are after deducting taxes.
given are before deducting taxes.
c These figures are in Mexican ourrenoy , and are convertible into
gold at the current rate of exchange
dNet, after deduotlng taxes is $113,168 and 854,134 for 1905
and 1904 respectively for May and $1,269,263 and $1,072,433
for period from July 1 to May 31.
1 Houston A Texas Central and its subsidiary lines are included.
j These figures include results on the Buffalo A Allegheny Valley
Division in both years.

a gain on the roads reporting in
the amount of $2,071,233, or 6*13 per cent.
It will

.

,

$

146,376
179,791 def. 3,3 8 5
48,468
July 1 to May 81.... 1,769,453 1,808,341
548,497
498,538
BangorAAroost'kbMay
189,373
150,332
62,404
63,818
July 1 to May 31.... 1,967,053 1,868,990
712,576
700,426
Butfalo&S'suueh.a.May
104,348
84,332
39,170
35,088
July lto May 31.... 1,028,886
881,737
340,583
306,324
Chicago & Alton. a. May
852,282
842,928
233,142
207.110
July lto May 31.... 10,880,984 10,469,684 3,574,610 3,296,226
Ohio. Gt. West'n.b.May
609,812
586,531
166,482
165,312
July 1 to May 31... 7.006,536 7,593,737 2,017,362 1,957,639
Ohio. M. ASt. P.a..May 3,900,554 3,531,435 1,058,348.
703,760
July 1 to May 81... 46,643,489 44,464,135 16,161,861 15,356,004
Ol.Oln.Ohi.A St.L.bMay 1,758.775 1,775,884
527,332
575,054
Jan. 1 to May 31.... 3,302,445 7,961,078 1,708,617 1,661,845
Peoria A Eas'n..b.May
202,804
250,120
29,541
60,516
Jan. lto May 3l
1,090,106 1,239,103
221,669
284,826
Color 'do ASouth.b. May
548,866
884,203 dl34,545
d73,Oll
July 1 to May 31.... 5,627,795 6,251,990 dl, 495,41 1 dl.301,962
Colum.Newb.A L.b.May
18,465
14,266
181
325
July 1 to May 31
216,872
210,303
46,921
50,423
Cornwall. b
May
21,683
6,612
12,539
2,574
89,803
68,422
July 1 to May 81....
37,795
20.564
Den.ARlo G'de.b...May 1,447,360 1,318,682
538.156
519,883
July 1 to May 31.... 15,489,135 15,046,266 6,201,726 5,735,951
252,279
Dul. So. Sh.AAtl.b.May
181,925
62,695
62,119
July 1 to May 31.... 2,451,899 2,296,336
790,905
700,451
2,344
Fairoh. AN. East.bMay
2,857
645
677
84,346
32,992
July 1 to May 31....
10,859
9,114

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below these charges.

—

—Bal. of Xcl Earn'qs,—*
Int., Ren \als, etc.
Current
Current
Previous
Previotis
Tear
Tear,
Teai;
Tear
Roads
$
$
$
$
*637
•18,572
May
26,833
30,380
Ann Arbor
•175,396
305,619
327,033
*29S,838
July 1 to May 31
7,617
15,492
46,912
46,201
Bangor A Aroost'k.May
186,787
200,403
512,173
513,639
July lto May 31....
-35,406
*31,413
20,153
15,570
Buffalo AS'squeh.May
•296,391
•316,498
214,691
141,820
July 1 to May 31....
C172.267 C170.174 def.5,785 def.4,862
Chicago Gt. Weat'n.May
126,030
151,681
July 1 to May 31... cl.891,332 cl,805,958
•200,795
'259,516
336,407
325,272
Olev.Oin.Oh. A Ht.L.May
•125,064
*91,244
1,643,273 1,604,808
Jan. 1 to May 31
•15,965
May
44.592 def. 15,048
44,589
Peoria A East
"6J,28S
*def.704
223,798
222,982
Jan. 1 to May 31
May
120
2,454
4,661
7,878
Cornwall.
16,265
5,282
4,299
32,513
July 1 to May 31
•195,239
•180,159
344,394
344,452
Den. A B. Grande. May
July 1 to May 81.... 3,786,821 8,681,599 '2,611.683 •2,265,128
85,841
88,641 *df.21,235 *df.35,123
Dul. So. Sh. A Atl.. .May
975,057*df.l90,990*df.264,106
996,340
July lto May 31....
•19.774
•19,785
May
26,768
25,192
Gulf A Ship Isl
•333,189
•154,970
280,439
243,415
July l to May 31...
•20,364
•22,372
14,610
11,350
Louisl'naA Arkan.May
•100,474
•185,529
128,110
112,217
July 1 to May Si....
•2.789
May
9,446
9,446
•def.263
Mineral Range
103,913
"65,320 *df.40,063
104,393
July 1 to May 31
35,280
148,942
154,354
26,121
Sashv. Ohat.A8t.L.May
742.421
732,315
July 1 to May 31.... 1,649,284 1,655,740
526,645
330,880
291,224
534,276
Norfolk A West'n....May
3,426,392 8,008,804 5,162,098 5,295,257
July lto May 31
17,533
17,833 def.4,286 •def.3,100
Bio Grande South.. May
•14,603 •df.14,539
193,062
193.239
July 1 to May 31....
50
21,744
20,284
14,216
St. Iob. AGr.Isl'd..May
335
214,146
234,536
40,410
July 1 to May 31.
,

.

—

After allowing for other lnoome received.
c Charges include interest on debenture stook.

*

b

. .

July

8,

—

J

. ..
.

.

—

:

.

THE CIIKONICLK

1905.

151

STREET RAILWAYS AND TRACTION COMPANIES.
Qross Warnings

Latest

Gross
Earnings.

May
May

Eleotrlo..

Cent. Penn. Traot.
Chicago A Mil. Eleo

. .

Chic. A Oak Par*., c.
Oltlsens' Ry. A Llghi
iMusoatlne, Iowa)..
Cleve-.A 8o.W.Tr.Co..
Cleve. Palnsv. A E. .

Jan.!

to

Prn'is Ourrent

Tear.

Tsar.

May....
June...

P«'«VtOM>

Itar.

Year.

May
May
May

9,522
7,729
47,597
39,567
47,028 41,441
188,817
160,621
20.681 19,052
75,475
72.396
Detroit United Ry..n 4thwkJ'ne 132,238 117,128 2.302.602 2,044,445
Duluth Street Ry... Ituwk J'ne 16,486 15,660 304.264 292,377
118,183 105,134
Bast ft. Lonls A 8nb. May
580,327
478,108
Elgin Aurora A Son. May
39,660 38,101
173,884
173,894
Ft.

Wayne A Wabash

Valley Traction..

Havana

Eleo.

May

74.062

Ry.Co Wk. July

340.657
293,858
1959,206 1825,896

64,492

2 138,970 131,880

Honolulu Rapid Tr

A Land Co
May..
Houghton Co. St. Ry. April.
Houston Eleo. 8c Ry April.

,

28,502

30,178

a2,05t^

16.9U

132,273
30,332

135,337
56,535

May..
Indlanap. A East. Ry. May..

40.377
84,614
19,081

32,049
72,614
17.556

439,074
83,156

Indlanap. <& Martinsville Rapid Tran.. AprilIndianapolis* North
western Traotlon.. March.

6,676

82,759

(truss

Roads.

ar.

)

Current

ear.

1

.

Previous

tt

)

ear.

9

Joseph Ry. Light neat
June
Jan. 1 to Jiuie30

St.

1

A Power

65,683
343.177

61,129
314.766

33,360
145,896

30,807
134,161

a Not earnings here given are after deducting taxes.
bNet earnings here given are before deducting taxes.
Interest Charges and Surplus.
in/..

,

Rentals,

etc.

—

Current

Previous

Year.

Tear.

-/.'a/. t>f

Xt

current
1

"</•.

Earn' as —
Previous
1

Roads.

Gas A EleoCorporation.. May
k 49,329
Jan. 1 to May 31
k246,309
Honolulu Bapld Transit
A Land
May
4,848
Jan. 1 to May 31....
24,211
Rookford Belolt A Janesvllle
May
2,627
Jan. 1 to May 31....
13,143

i

ear.

California

b48,958
k238,540

64,576
313,046

38.685
205,996

4,652
21,973

*4,226
*25,058

*9,308
'33,953

2,696
13,482

trlo

2,923
5,795

2,254
def.931

After allowing for other Income reoelved.
Includes also sinking fund oharges.

*

382,000
75,675

9,984

—
Earnings, —
Current
Previous
1

Latest Dent

t
-x
S
21.122 19,780
81,167
75.087
126.914 119.829 d 1,1=32,660 dl.S 70,061
53.071 41,778
180,793
137, *02
2S,27(
21,217
97,277
88,938
32,78126,523
7,068
28.97;i
7,471
27.370
14.7.632 329,077 2,160,S3r> 1,531.272
60,63t 45,124
210,806
197,549
44.212 34,476
168,754
122,413
66,192 61,830
406,312
384,651

May....

Burlingt'n (Vt.)Trae

Oas A

Ctir'n:',

WtskorU-

Albany A Hudson ... April...
American R'ys. Co.|. May
Am. Elgin A Chlo. Ry May
Mav.„.
Bingham ton Ry
Boston A Worcester.. April...
Oal.

,,

23,184

Illinois fraction Co.

36,541

Internat'l Traot. Co
System (Buffalo) . . April
Jacksonville Elec.Cc. April

Kansas City Ry. A Lt. May
Lake Shore Eleo. Ry May
Lehigh Val. Trac. Co
Street Ry. Dep
May
Eleotrlo Light Dep May
Lexington Ry
May
Lima EI.By.ALt.Co. May
LondonSt. Ry.(C»n. May
M ad. (Wis.) Traction Maroh....
Met- West Side Elev.. Jane
MIL Eleo. Ry. A Lt.Co May

MIL Lt. Heat ATr.Co
Montreal Street Ry
Munole Hartford A

PL Wayne

50,876
13,097
30,810
18,867
15,730
7,734

April.

13,945
78,587

MayMay.
May..

Roofcford

A

.

Belolt

Janes vlUe
St. Joseph (Mo.) Ry.
Lt. Heat A Pow. Co.
San Fran. Oakland A
San Jose By
Sao Paulo (Brazil
Tram. L't A Po. Co.

11,693

11,332

46,981

43,818

June

65,683

61,129

348,177

314,766

April.

47,412

34,359

170,666

122,555

WkJunell

Seattle Eleotrlo Co...
South Side Elevated.

April

Tamna

April
April

June
8yraouseRap.Tr.Ry. May
Terre Hte.Tr. ALtCo.

52,770
70,108
105,059
9,677
578,683

340,31.'

May..

Savannah Elect. Co. April
Scran ton Railway.
May

Eleotrlo Co...

60,203
79,729
129,90)
10,239
670,296

10,934
8,549
8,386

.

..

6,911

244,731
703,447
567,423
35,856
27,571
33,994

49,108
316,581
211,720
647,487
497,782
28,866
26,267
81,103

57,080
113,755
124,425

Orange Co. Traction. April.
Peeks. L't'g&RR. Co. April.
Pittsburgh McKeesport A Greensb'g
MayPottsv. Union Tract. May..
Light Co's
Rochester Railway

51,468

16,616 14,414
19,909 17.798
33,48' 27,861
1,882
1,762
146,014 122,795

Hor. Ohio Tr. A Lt. Co May..
Northern Texas Trac MayNorthwestern Kiev.. June.
Oakland Tract. Cone MayClean St. Railway... April.

Bys Co.Qen.— Roads

45,908
204,093
178,229
11,886
72,800
67,881
26,147
127,621
15,185
68*, 249
14,454
59,256
7,014
22,750
20.878
166,384 1,111,355 1,056,838
260,815 1.263.40P 1,267,258
36,483
201,659
154,482
220,154 1,037,675
943,877
18.607
74,917
50,736
102,333
113,897
7.876
7,610

22,012 13,886 1,270,229 1,007,660
46,332 40,941
158,653
171,717
84,957 78,094
363,520
325.998
203.424 187,874
733, i67
779,812
140,91) 122,lo:814,52.'
794.224
77,688 71,677
373,264
342,207
33.7H 30,484 128,96* 111,984
46,761
42,04*
165,564
179,580

Tol. Bo wL Gr. A 80. Tr May
25,57.'
23,09*
Toledo Bys. A Light. May
154,492 142,581
677,221
732.565
Toledo A Western..
April
17,74t 17,98?
60,071
63,524
Toronto Railway
Wk. July 1 56,05. 4»,776 1,255,69: 1,121,373
Twin City Rap. Tran. 3d wk June 90.130 >-5,259 2,060,102 1,942,716
Un*d Bys.of St. Louis May
e7£ 6,357 841,0Ct 3,295,083 3,336,378
United ol San Fran. May
599,407 574,965 2,830,98(' 2,687,935
Wash. Alex. A Mt. V. May
23.518 22,70.
101,5'. 7
101.329
Youngsfown-Hhuron May
44,406 88.69^
186,926
213.953
1 Spanish sliver.
I These are results tor properties owned
o Decrease due to a strike and boyoott.
b These are the combined earnings of all the constituent companies.
c These are results for main line.
d Figures here are from July 1.
n These earnings Include the Detroit United Ry., Detroit A Poit
Huron Shore Line and the Bandwloh Windsor A Aroherstbnrg Ry
e Decrease due to the fact that the Louisiana Purohase Exposition
.

was open

last year.

Street Railway Net Earnings.— Th ? following table gives
the returns of Stbeet railway gross and net earnings received
this week.
The last general summary which we furnish once
a month,

and in which we bring together

the roads from

all

which monthly returns can be procured, was
24, the

next will be given July

trlo

Gas

<fc

May

Honolulu Rapid Transit
A Land. b
May

31—

Jan. 1 to May
Bockford Belolt & JanesVllle

Jan.

1

to

May

447,632

Tear

•

/

May

31....

West Jersey & Seashore Railroad.
(Report for Fiscal Year Ending Dec. SI,
President A. J. Cassatt says :
General Results.— The results show
freight and express earnings and a very

urn
1

1

hi

Year
82,643
444,536

28,502
132,273

30,178
135,337

8,702
47,434

11,692
46,^81

11,332
43,818

5,550
18,933

slight Inoreases in the
slight falling off In the

i

Camden Terminal improvements.
Parlor Cars.— On Maroh 1st the company discontinued the use of
its own parlor oars and arranged with the Pullman Company to opercost of

under its general ontraot with Pennsylvania RR.
Paving Contract.— On Sept. 6, 1904, an agreement was entered
into covering the paving of Atlantio Ave., Atlautlo City, under which
your company agrees to contribute $150,000 toward the cost of the
ate the parlor oars

<

paving of the said avenue, a further sum of $5,000 annually for ten
years towards the maintenance of the portion of the avenue not occupied by the railroad company, and In addition thereto to pave and
thereafter maintain its right of way along Atlantio Ave.
New Equipment.— Four new standard passenger locomotives were
purchased and added to the equipment and five new standard passenger locomotives were purchased to replace a like number of engines
sold or oondemncd.
Statistics.— The earnings, expenses

and charges, and the

balance sheets, have been
EARNINGS, EXPENSES, CHARGES, ETC.
1904.

1903.

831
$

331
$

Miles operated

Earnxnas—

1902.

1901.

332

332

369,629

2,537,607
1,025,956
330,235

2,321,380
1,032,122
325,191

4,307,597

4,260,460

3,893,798

3,678,693

Maint. of way A structures 638,091
Malnten'ce of tqulpruent. 609,172
Conduoilngtranstortat'n. 1,938, 158
General
73,086

722,705
595,376

677,084
522,02 7
1,624,419
67,878

676,312
470,201
1,557,884
55,354
2.759,751
918,942
24,010

Passengers
Freight
Miscellaneous

2,736,622
1,189,820
381,655

2,738,593

Total
Expenses —

Total...

Net earnings
Deduct—
Inierest

Renal
113,905
559,355

1904.J

passenger earnings, the total lnoreaee In gross earnings being
$47,137. There was a large decrease In the expense of maintenance
of way and structures and slight Increases In the
other departments, the total deorease In expenses being $6t>, 478 and the resulting Increase In net earnings being $103,615. After providing for 6
p. o. on the speolal guaranteed stock, and 5 p. o. on the oommon stock,
and oharging against Income $131,254 on aooount of extraordinary
expenditures, there remained a balance of $302,765, of which $200,000
was transferred to the extraordinary expenditure fund to cover future
improvements and betterments, and the balanoe, $102,765, oarrled to
the oredlt of profit and loss aooount.
The total amount of construction and equipment expenditures during the year was $288,564. Of this amount, $152,310 was provided for
out of the extraordinary expenditure fund set aside last year, and the
balance of $131, 254 charged against your Income aooount, as already
noted. In addition to these expenditures the company paid $63,540 as
its proportion of the cost of Camden terminal improvements, making
Its total proportion to Deo. 31st. 1904, $1,753,879.
New Securities— Under aotlon taken by the board Rept. 30, 1904,
the stockholders were given the privilege of subscribing at par for
$1,264,000 new common capital stock. Also under authorization of
Nov., 1904, there were sold $1,000,000 of first consolidated mortgage bonds bearing 3^ p.'o. Interest. Theprooeedslnboth oases were
applied largely to the liquidation of the company's pioportloa of the

Total

329,077
1,531.272

31.... 2,160,535

of steam railroads,
and miscellaneous companies which have been
published duririg the first half of 1905 may be found byreference to the general index in the Chronicle of July 1, the"a"r£
nual reports being indicated in this index by heavy- faced type.
street railways

Add miscellaneous
.Ye?

Eleo-

Corporat'n.a.May

Jan. 1 to

Jane

-

Load*.
California

giverj

29.

arose Earning
Ctirre.tt'
Previous

---

Year

ANNUAL REPORTS.
Annual Reports.— All annual reports

330.279 312,708 1,276,511 1,209,047
27.754 23,519
104,826
89,991
418.552 348,155 1,839,524 1,610,925
61,587 53,799
358,660 211,406

186,868
266,594
47,398
236,399

May
May

69,289

k

Taxes

1,162,: 38

1,930,962
65,942

3,258,107
1,049.090
5,649

3.314,985
5,649

2,891,403
1,002,390
23,190

1,054,789

951,124

1,025,680

942,952

274,834
13,942

305,286
12,341
64.U.4
2*7,603
6,240
162,689
152,310
001

227,0*4
13.156
68,402
247,003

225,366
12.467
6K.373
247,603

6,240
144,266
318,871

6,240

382,904

1,025,560

942,952

7

7,501

13.708
54,423

Dividend on com. (5 p. o.).
do
spec guar. (6 p. o.).
Extraord'y expenditures..
Addedtoexti'y exp. fund.
Miscellaneous

247,603
6,240
131,254
200.0CO

4,950
12,551

Total
Snrplus

951,974
102,765

600

945,475

951,124

THE CHRONICLE-

152
GENERAL BALANCE SHEET DEC.
1803.
1901.
%
A ssttt—
*
Road and equtp't.. 11,890,896 11,6

Stocks

of

Due from
companies,
other than

1903.

1904.

LiabilitieaSpectal guar, stk..

c

172,245

other

lf'4,000

104,000
6,216,050

Comrann stock
Bonds (see UK. &

other
172,245

31.

4,862.050

Ini>. Section) .. 6,936,800
Pennsyl. KK. Co..

etc..

Camden Term

traf-

48,667
146,625

J)ue from agents..
Miccellnn's assets.

H476
344.K60
1,134.151

Materials on hand

1.355.062

Pay-rolls 4 vouch.
Due other roads..

2*9.4S5
123.068

Duecontrol'd cos.
Int. accr'd on bds.

25,945
143,162
K',726
203,33*
34^,630

4,936,800

I.

K2.2H1

&

loss

5,698
200.000
086,669

13,743,720 12,728 288

Total

13,743,720 12,720,298

76.569
93,385
d.222
162,310
579,37m

110336

Miscellaneous.
Kxtra'y exo. fund.
Bui. to prof.

303.648
116.H7I

— V. bO, p. 1060.
William Cramp & Sons' Ship & Engine Building

The mills are in exoellent physical condition. No expense has been
spared In the purchase of new and additional equipment needed in reducing the oost of manufacturing lumber. All such expsnse has been
charged to the cost of manufacture. We are manufaotarlDg lumber at
a oost somewhat lower than that of our competitors. Our uncut timber
holdings, as compared with June 1, 1904, have decreased 4,964 aores,
or 66,432,194 feet, which is met by a reduction of $i 66,701 in the
valuation of timber lands and of $31,038 in the valuation of sawmills
and improvements. Daring the year we have purchased and paid for
timber and timber lands of the value of $24,455.
Shortly after the commencement of the current year the ooal business became demoralized. Overproduction 6tlll exists and the Indications are that it will continue until hitter experience drives thenewcomers from the business. The market for our coal has also been
affected by the invasion of our field by the Illinois coal operators, and
by the gas and oil from Southeastern Kunsas, Icdlan Territory and
Texas. It is probable that the present low state of oor earnings from
the ooal department will oontlnue for some time, but the history of
the gas and on found in the Central States shows that it does not permanently affect the coal business Our holdings of ooal lands have
not deoreased during the past fiscal year.
.

Co.

(Report for Fiscal Year Ending April SO, 1905 J
President Henry 8. Grove, undor date of Jane 29, says
Annual Meeting.—The directois have amended the by laws so as to
:

postpone the date of the stockholders' meeting to the last Thursday In
June, in order that a reasonable time eh mid be available for presenting the result* of the

fiscal year's business.

—

Gknebal Results The Income account for 1he year shows net
[surplus] earnings from all the con panies' operations of $314,165.
The volume of business has been larger and the general expenses nave
been less, Interest charges have been reduced, and the work of paying
off the debt continues, in onr shipbuilding department we have completed and delivered the Colorado and Pennsylvania to the United
States Government ; the Mohican, Chippewa and Onondaga, freight
vessels of about 2,700 tonnage each, to their owners.
in Progress.—The condition of the yard at this writing is
that we have the Tennessee 80 p. c. completed, and if there is no unforeseen delay she will proceed on her trial trip in the autumn and be
delivered to the Government during the present fiscal year. The Idaho
Is 28 p. c completed and Mississippi is 'So p. c. completed. Both these
vessels will be launched some time this year. Besides these vessels,
we are constructing an ice boat for the City of Philadelphia, two
large tug boats for the New York New Haven
Hartford
Co. and
two fine passenger and freight steamers for the New York &
Cuba Mail 8. S. Co. The work in progress assures a volume of bust
ness for the cm rent fiscal year sufficient to secure economic production.
Your I. P. Morris Co. has secured oontraots for about all the important high-service water turbine installations that have been offered
the past year and has about completed or under construction more
than 90,000 H. P. of this class of work. Miscellaneous work for the
general public, together with the englrjes, boilers and apparatus required for the vessels under contract, aggregate a volume of business
which will tax the capacity of this department of jour company to
the fullest extent for many months.
The Kensington shipyard has also contributed to the profits for the
year, and while competition in its field of work has been severe, its
earnings have been maintained to nearly the same point as last year.
The brass foundry, through its specialties in fine combinations of
metals and success in difficult castings, is making great progress and
has just closed a year exceeding in profit ths previous one, which was
then by far the most prosperous in its history. Oar business in this
department is increasing with wonderful rapidity.
PAYMENTS, AGGREGATING 8295,517, IN TEAR 1904-05.
Five p. o. gold bonds (4)25,000) redeemed as agreed
$25,000
Twenty -year 5 p. o. serial notes ($1 60,000) redeemed as agreed. 160,000
Instal. of mort. on Kensington Shipyard Co. reduced as agreed. 2o,ooo
Real estate
37,500
Improvements, new tools and machinery, all companies
40,517
RR. tracks on Beach 8t. purchased from Pennsylvania RR. Co. 12,500

Wobk

Comparative tables are as follows
Tears ending April 30— 1905.
1901.
:

Bal., after exp., int.,

Dividends

1903.
1902
$7,388,308 $7,107,082 $8,519,169 $8,202,093
etc.
314,165
188,174
300,398
385,236
121,200
242,400

Surplus

$188,174

$314,165

$179,198

$142,836

1905.
$S.490.738
1,892,569

1904.
$4,818,917
2,288,165

Total gross earnings
$7,883,308
Operat'g exp. (Inol. wages and cost of matei's) 6,603,605

$7,107,082
6,372,050

Gross earnings on shipbuilding
do
do
repair work, etc

RESULTS OF OPERATIONS FOR TEAR ENDING JUNE

Department—
Wholesale coal
R-tailooal
Wichita ooal
8t. Joseph coal.

Omaha

.

coal

Lake ulty ooal
Mining
Mining stores
Wholesale lumber
Carson mill
Salt

Balance
General and miscellaneous expenees

$779,703
151,774

8735,031
170,573

Netearnings
Other income

$627,928
83,966

$564,457
25,608

Total net income
Interest charges
Taxes and insurance

$711,894
344,288)
53,4115

$590,066
Ani UQ ,
«",oai

Surplus

$314,165

BALANCE SHEET APRIL
1904
£

A sscts
ft
Real est.,rnac'y,4c 12,750,565 12,614,063
Bills Aaccts.recle.
872,293 1,0S9,776
Retainers on uncoinpl'd contr's..

Mat'ls and sup'lies

Cash

S2-.426
1,U60,279

Total.

-V. 81,

1905.
(
6,093,000

1904.
$
6,088,000

Bonds and mortgages

6,636,052

Accts. payable for

merchandise.

6,831,652
)

418.488V

921,774

Accrued Interest.. 110,792)
Profit and loss .... 8,072,357

2,613,446

Def 'd

assets(accts.
in litigation)
1,181.124

$188,174

30.

Liabilities—
Capital stock

583.911
540.837
655.041

...

1,001,143

.16,885.609 16,464,773

ITotal

16,385,689 16,464,773

p. 83.

Central Coal & Coke Co., Kansas City.
(Report for Fiscal Year Ending June 1, 1905. J
The printed pamphlet at hand contains no remarks, but
the press reports state that in his report to stockholders
President R. H. Keith says
Commencing June 1,1904, we increased our depredation charges.
On the basis used for these charges prior to the date last named, our
earnings this year would be $84,691 more than shown on the statement. During the fiscal years 1902, 1903 aDd 1904 the lumber business was active aDd yielded large profits. This caused the oonstruo
:

tion of a

number

new

In the early part of the oalendar year
this caused all the mills to turn
their attention to domestic lumber. The yards shortly became heavily
overstocked, and prices gradually receded. This demoralization became so pronounced that during the first half of the present fiscal year
onr lumber business made but little profit. About that time the railroads commenced purchasing timbers again, and the operators voluntarily curtailed production. This was followed bv a gradual improvement of prices until at the present time the lumber business is
returning satisfactory profits, and the Indications point to a continuation of this condition for the coming fiscal year.
of

mills.

1904 the railroads quit buying, and

,

Keith mill

,

Interest and exchange

Miscellaneous

Net.

Gross.

$1,884,989
25,316
167,953
1,833
44,190
19,416
1,532
loss 450
16,362

$698,794
55,021

270,522

191,532
190,685
169,944
61,052
88,265
3,000
60,857

112,460
35,624
14,246
14,453
6,637 loss 3,223
224,345
133,391
190,241
763,547
137,567
672,881
116,477
562,576
89,697
24,000
76,380

Total

8,686
6,422
1,837

68i',464

475,579
654,969

$984,353

$1,536,095

INCOME ACCOUNT.
1904-05.

Net earnings as above

$984,353

Deductions —
Royalty credited coal lands
Royalty credited timber lands
General expense
Interest on bonds

1

1902-03.

1903-04.
1,536,095

$147,946
174,236

$126,199
156,701
7P,">37

i-6,083

131,652

140,702

Total
$491,089
Surplus earnings
$493,264
Dividends on pref. stock (5 p. o.).d*93,760
Divs. on common stock (6 p. o ).. d307,500

$518,967
$987,128

Balance over dividends

d$92,014

d These items have been supplied

What other deductions or
1805.

AssetsCoal lands

$

4,623.563
1.3U4.332
Coal shafts* bldas. 1,739, 441
Saw mills & impts. 308.S8«
Yards & equlpt ..
55,288

Timber lands

S'nking fund
Miscel. balances
Total

-V.81,

231,599
91,667
3,749

,
.

$802,574
d*93,750
d3u7,500

d$585,878

d$i01,324

they do not appear in the reports.
were we do not know.— Ed.
LIABILITIES JUNE 1.

1904.
t
4,809.475
1.436.578
1.686.386

33W.428
60.100
67,514

Coal car equipm't
Personal property. "56,415
67,60-)
Mo.&La.Hrt.Co.stk
150,^00
150.0C0
Stocks and bonds
in oth.companies
20,000
26,285
Accts forcoilect'n 1,205,184 1,392,536
inventories
618.042
559,699

Cash

d$93,750
d307,500

;

credits th*re

ASSETS AND

1905.

Liabilities-

—

«

5,125,000
Common stock
Preferred stock... 1,875,100
7*2,408
Undivided profits.

Bonds
Audited
Bills

2,18!-,000
bills

49,597

payable

Sundry accounts.,
Pay-roll balances
Sundry balances..

£05.985
73,460

1904.

*
6.125,000
1,875,000
846,294
2,349,000
79,572
193,^80
116,521
85,3.0
62,632

65.S27
91,667

10,360,451 10,732,601

Total

10,360,45110,732,601

p. 33.

International Steam Fnmp Company.
(Report for Fiscal I ear Ending Mar. 31, 1905. J
The report, which will be cited fully another week, permits
the following comparison
1905.

1904.

$

Fronts—

?

Operatinz profits.. .1,617,435 1,827.*30
124,147
109,303
Other income....
Tot al income

1806.

...

1.

•1903-04.

-1904-05.Gross.
Net.
-$1 ,156.843 8191,562

RR

A

Gross earnings

[Vol lxxxi.

Interest,
etc

Net

-V.

profits

1904.

t
304,512
709,800
490,661

1,741,582 1,936,738

Tot. deductions.1,350,896 1,504,973

discount,

Depreciation

1905.

Deductions—
$
Funded debt charges 334,499
709,800
dividends
Pref.
Common dividends 306,597

?6,0><5

Ba'ance for year...def.l7,96lsr.l01,64i

294,056

Prev.sur.(less adj'ts)2,269,993 2,183,349

1,332,935 1,606,617

Tot. sur. Mar. 31.2,252.032 2.284,933

82.276
326,371

81, p. Si.

Crow's Nest Pass Coal Co., Limited.
(Report for Fiscal Year Ending Dec. 31, 1904 J
Tne report of this company, in which the Northern Securities Co. acquired stock, is signed by President Gso. A. Cox
and Gen. Man. Lindsey. It says, under date of Feb. 14, 1905:
Qenebal— The increase in coal mined this year over last amounts

to 81,000 tons and the coke exported shows an inorease of over
78,000 tons. During the year there has been spent on Improvements
(not including those of subsidiary companies) the sum of $254,000,
The Crow's Nest PaBS
as against $810,000 in the preoeding year.
Eieotrlo Light & Power Co., Ltd., and the Morrlssey, Pernio <te Miohel
By. Co. are subsidiary companies formed for the purpose of taking
care of some of the company's necessary auxiliary projects. The capital stoofes of these are owned praotloally exclusively by this company and are referred to in the balance sheet as "Seourlcles owned."
Litigation.— Ninety-three actions for damages brought against the
company by the dependents of the miners killed In the explosion of
May, 1902, were disposed of in the company's favor last Jane after
two years of litigation. The plaintiffs abandoned their appeals, which
Anally relieves the company from all liability.
In Deoember the final settlement of all outstanding questions between this company and the Canadian Paolflo Railway was arrived at
and the deeds transferring 250,000 acres of land to this oompany executed. A lease for 20 years of the Coal Creek Branch of the Canadian
Paolflo Railway to the Morrlssey Fernle & Miohel Railway has been
executed, and an additional mile of track constructed, whioh gives the
mines at Coal Creek and the coke ovens at Fernle connection with
both the Canadian Paoifio By. and the Great Northern By. On Deo.
15 the Great Northern By. commenced operating the extension of its
line to Fernie.
Outlook— Some advanoe has oeen made in extending the domestic
trade of the company, which, it is expected, will yield much larger
results during the present year.

)

.

July

8,

J

u

THE CIIRONKJLK

1W5.\
INCOME ACCOUNT.
1904.

Net

$310,402

$171,286

38,865

913,526

512,209

$444,916
347,807

$1,221,019
303,717

$683,105
250. ouo

$97,108

$920,302

$433,40 5

paid on

calls

Total

Deduct— Dividends paid

1902.

$106,050

profits

Premium received on
new Btook

1903.

(10 p.o.)

Balance.

BALANCE SHEET DEC.
Asset:—
Mines, real estate,

1008.

1904.
I
)

-

3,17H,U)0

a
Accounts parable..
Dividends accrued.
60,910
Re.-erve fund
1,784,6001
Profit and loss
S!C3,S.'0i

*

(7,884
Cash In banks
Accounts recelva'e 478,431

88,661
Sl3,«dl

O.OOM^O

0,798.64s

Total
-Y. 79. p. 879S.

$

Stock paid up
Kills payable

.,„ ,„ K

ffl.iisif" 11 ^ 4

owned

1901

1804.

Li.iMliMtf*—

plant, liovel.. etc.6,0«W.eot

Beear'a

31.

Total

6,0dl,iS0

3,«5o.H>0
145, 00

K!,079

„-„ u!
,
1,s,U _...
'

5.793,0 18

American Thread Company.
Ended March 31, 190~>.)
for the year ending Meroh 31 compare with

( Statement for Fiscal Year

The

results

thoee reported for previous years as follows:
190304.
1902-03.
190405.
$1,167,291

Profits

$1,497,457

$1,147,245

1901 02.
$754,080

$345,808
236,450
244.534

$300,000
236,900
244.524

$300,000
242,740
244,524

$300,000
264,748
244, 524

D«rft<r.'-

Depreclatlon

Bond

Interest

Pref. dividend (59b)...

Common

dividend.. (S?i>)336,0O0(lG?x,)672,OO0(4%)l68,O0O

Nil.

$4,509
$44,033
$191,981 def.$55,l92
sheets of March 31 follow:

Balance, surplus.

The balance

BALANCE SHEET MABCH
1905.
1904.
%
t
12,636,981 12,642,173

AiStU—

Plant, etc
Stock in trade, net
cost
4,590,152
Accounts receiv717.201
able, net
301,970
Cash
Sundry investm"ts 328.8*7
Advance pavm'ts.
29.S23

1901.
f

Liabilities—
stock, $3 EO

Com.

paid up
5

4,178,356

4

completed, and have resulted In a substantial rednotion in the cost of
manufacture, enabling these works to compete successful')' With the
most modern European factories, and with the Improved condition!
due to the formation of a European syndicate to promise Hat is factory
returns.

Competition.— Our competitors, owing to the different method of
disposing of their produol, have during the past yearenj >>ed the i. m
porary advantage of disposing of nearly all the plate glass they wen
able to produce, especially the large, profitable sizes. This advantage
should soon oease, because the greater part of this glass has bren absorbed by the jobbers for what may be termed speculative puri
and now constitutes a portion of their stocks. Notwithstanding the
demoralized oondltlon of the business and the oxoesslve production
new faotorles are projeoted and their securities offered to Investor*.
Ciiakokd Ofk.- During the year experiments which the company
has been ootdootlng for several years have reiulted in the successful
development of Important Improvements In the prooess of plate glass
manufacture. By reason of this development the board has deemed
it advisable to abandon and dismantle Works No. 3, and for the same
reason, and beoause of the shortage of natural gas In Indiana (V. 78,
196t)). has decided to abaudon permanently
Works
& o. 7. The book value of these two plants less and dismantle the salthe value of
vage has therefore been charged out of our Investment and surplus
accounts. Notwithstanding the loss of prodnotlon by the dosing of
these plants, the Improvements referred to and enlargements to other
plants have been saffioleut to more than maintain our former capaolty
and have effected a rednotion In the oost of manufacture.
Financial —Our ooal and natural gas Investments stand on onr
books at considerably less than their Intrinsic value, bnt In view of
obanglng conditions It Is considered advisable to hold this Increased
valuation In reserve. Onr financial oondltlon Is excellent. Bills and
accounts payable have been reduoed over half a million dollars and
an lnsuranoe reserve fund has been eet aside to cover properties on
whloh It has been impossible to secure adequate insurance at reasonable rates. 8tocks In warehouses have been depredated proportionately to the rednotion In oost of manufacture and the fall In selling
prices. All doubt f al accounts have been charged off and the available
quick assets amount to $7,321,487.

The

31.
1906.

4.900.003
fully pd. 4,890,476
M. bonds. 6,000,000

l,900,0f)0

4,M",475

p. c.prf.
p. o. 1st

Ltd
Accounts pavnble.

$937,693

Divs. on ($15o,O00)
preferred, 12% ...
Divs. on common, 6%

6,000,000

656,5 '0
455,528

Co..

profits for four years past were as follows
1904.
1903.
1902.

Profits,

Bal., sur. for yr.

Ena SewingCotton

795.694
321,017
314.790
32,598

2l9.3riS

Bond Int. accrued.
60. 00
Depreciation fund 1,801,778
Div. on com. stock
payable July
336.C00
Balance forward.
3J2.132

fii'.OOO

1,675,000
67'.>,<v:0

333,426

Total

18,605,124 1S,2S4,028

18,605,124 18,281,6.8

:

$973,104 $1,251,347

18.000
740,500

18,000
740,556

$179,193

$214,548

balance sheet dec.

304,361

1901.
$1,503,638

18,000
721,948

18,000
591,000

$511,398

$894,638

31.

1904
1903
1902
1901.
$12,530,«60 $14,225,466 $13,602,832 $13,026,235
2.924.P48
Plate glass, eto
3,732,337
2,720,137
2,433,415
Materlals.etc.acots.
890,532
994,600
775,535
594,966
Assets—
Property

-

-

-

and ac-

Cas-h, bills

Tot al

-V.

153

counts receivable.

3,710 817

3,803,127

4,092,439

3,105,242

79, p. 211.

Total...

Associated Oil Company, Bakersrleld, Cal.

Liabilities

(Report for Fiscal Year Ending Dec. 31, 1904 J
The report issued some time ago permits the following
comparisons
INCOME ACCOUNT CALENDAR TEAR.
1904.
Total sales
$3,352,188
Transportation expense, etc. 1,635,678

1903.
$2,347,799
1,226,200

$1,572,426
754,985

Net realization
$1,716,510
Rebates on contract* to original owners In excess of

$1,121,599

—

$19,852,346 $22,758,531 $21,395,654 $19,159,858

Stock, common
8tock, preferred

$12,342,6C0 $12,342,600 $12,342,600 $9,850,000
150,000
150,000
160,000
160,000
BoDded debt
10,000
Bll s and accounts
payable
2,784,625
2,261,451
3,019,653
3,409,780
Insurance reserve...
121,885
6,13*6,205
Surplus
4,453,238
6,856,151
6,641,603

$817,440

22i«c. per bbl

1902.

Other earnings
Value of oil on band at

cost...

Total income
Expenses—

133,278

220,643

$1,688,249
85,637
80,541

$988,321
32,179
120,775

$396,797

$1,852,427

Co

$1,141,275

$378,612

$339,714
57,536
103,259
78,117

$152,662
40.337

267,825

237,690

ProQucilon expenses, including repairs, eto
$373,160
Admln'stratlon expenses
81.228
Depreciation
126,488
Interest on bonds
77,323
Taxes, royalties. Int. on loans.
78,983 1
Oil purchases
329,013
Freight paid on oil on hand
1^04
Dec. 31,
20,995
Oil on hand Jan. 1,1904
97,952 j

18,997
62,818

|

Total
Surplus

$1,185,142
$367,285

BALANCE SHEET DEC.
1904.
t

.

Pr

'periy

and im

provenieM-..

.

Bonds and stock.
Cash on band
Accounts receiv
able

.21,621.033 21,102,912
739.717
104.B91
878,692
6,858

615,196

837,212

47.151,719 46.3»8.695

$247,923

31.
1904.

Liabilities—
Capital stock
lloud Isi-ue

*

1903.
t

40.000.000 40,00 >.0
4,625,000 6,0
17 1.5' 1
Treas'y stock sold
797,731
Inl.Oo bds.unp^ild.
32,440
10^,239
Deprec'n reserve.
235,747
loyalties. pay'l.Sc
4,761
89
Bills payable
191,776
Ace lunts payable 577,198

Freight habilty on
delivered sales

Surplus
Total

$U0,689

$351,951
$283,324

1913.

Assets—
t
Stock in treasury 18 *•;!. 591 20.916,26*
Bonds In treasury 3,0:5,455 3,lll,4o5
Discount on ireas
ury stock sold.. 2,210,000
490.000

Total

46.?05
1,187,008

80,863
46-.818

47,451,719 46 S95,«95

See also page 106 of this issue.— V. &0, p. 2316.

Pittsburgh Plate

80, p. 716.

Nova Scotia

30,261

Net to Associated Oil

$19,852,346 $22,758,531 $21,395,654 $19,159,858

Total

—V.

Company.
(Report for Fiscal Year Ending Dec. 31, 1904.
Chairman John Pitcairn, under date of Feb. 14, says:
(Jlass

General Results —In view of the heavy loss (about $153,000) sustained through the destruction by fire of our Chicago warehouse and
the low fellirg prloes whloh prevai.ed throughout the year, the profits
are as satisfactory as oould reasonably be expected. The domei-tlo
manufacturer* produoed during the year several million feet of plate
glass In excess of the legitimate demand. This over prod
forced on the market, caused a fall In pries, ard is now being held in
took, speculatively, by Jobbers. This condition of the market was aggravated by the importation during the year of about 6,000,000 feet
of foreign-made giass at the )owe»t prices ever quoted by foreign
manufacturers. The Industry in Europe reached the mont demoralized condition In Its experience, prices receding to the lowest ebb in
the history of the business, a. though they advanoed toward the end of
the year.
Improvements, Etc— The outlook for our Couroelles factory Is encouraging.
Ihe additions and Improvement* are now practically

Steel

&

Coal Co., Limited.

(Report for Fiscal Year Ending Dec. 31, 1904.
General Manager Thomas Cantley says in part:
Output.—The total ore sold was 159,919 tons, or 156,481 tons less
than the preoedlng year; total quantity mined 246,022 tons, or 113,747
tons less than the output of 19o3. The quantity of ooal raised during
the year at our Sydney Mines collieries was 47J.521 tons, and at the
Marsh mine, 61,871 tons. The present year we look for a total output of 700,000 tons. Our Ferrona furnace was in blast from Jan. 1
to June 1, during which time it produoed 13,703 tons of iron. Oar
new furnace at Sidney Mines went into blast Aug. 31, and up to the
end of the year produoed 18,194 tons of iron, being a total of iron
produced during the year of 31,567 tons, or 6,023 tons over 1903. Of
the iron made. 19,110 tons were converted into steel and 7,300 tons
sold for foundry purposes. At the open-hearth plant over 30,000 tons
of ingots were made, being about the same quantity as I jr the previous year. Our cogging mill rolled 30,223 tons of ingots, being about
2,000 tons over that of 1903. The finishing mills and forge department made and shipped 25,958 tons of material, the value being
$923,833. our selling price being $6 18 per ton less than the previous
year. Had we been able to sell our pig Iron and steel at the same average prloes as during 1903, our profits from these sources would have
been Increased by the amount of $179,746.

Vice-President James D. MioQregor, under date of March
says in subpiance:
New Seodrities.— At a special meeting held on Oct. 8. 1904, an
Issue of $3,900,000 6 p. o. consolidated bonds was authorized. These
were issued and $1,500,000 sold and the prooeeds applied to the purposes of the company, the balanoe being only available for the purpose of retiring thv first mortgage bonds. At the same speolal meeting the ua'anoe of the preferred etook, amounting to $970,000, was
oanoeled The balanoe of the oommon stook, $880,000, was offered
to the shareholders on April 12, 1904. The amount not taken by the
shareholders was allotted to the underwriters.
Results— Outlook.— The volume of general business transacted
did not diffVr greatly from that of 1903. The quantity of ooal mined
was considerably lnoreased, the oompany easily maintaining Its position as the seoond largest prodnoer of ooal In Nova Hootla. The present year will doubtless show a still further increase In the ooal mined.
18,

Following out the policy previously annonnoed, the tonnage, of Iron
was reduced during the year; the decrease from the previous
year being 156,000 tons. Owing to the severe depression In the iron
and steel trades throughout the American and European market*, the
prloes obtained for our output of these produots was much less than
during 1903, the difference In net profit realized on the tonnage sold
being. In round figures, $180,000. Slnoe the turn of the year prices
ore told

have materially advanoed and consumption largely increased. We
have orders n our books for a larger tonnage than ever be'ore. and
at better prloes than prevailed dnrlng last year. The presort Indications are that a larger margin of profit will be reall/.sd on this branch
of ihe bufiness during the oomlng year.
c*iNBTRicTioN.-Work upon the new blast furnace plant at Sydney
Mines was resumed in April and the furnace went Into blast very successfully at the end of August, 1904. Its capacity and the oost of
production are fully upto our expectations. Owing to the extreme
severity of the winter, and other causes. It was deemed advl-aM-* to
suspend work on the open-hearth plant during a large part of the earWork on this plant, however, has been relier months of th-i year.
sumed and It Is expeoted that all the open-hearth furnaces will be
<

THE CHRONICLE.

154

completed and in fall operation daring the ooming summer, when we
will be able to effect a large rednotlon In the oost of all our steel

[Vol. lxxil

GENERAL INVESTMENT NEWS.

produote.

Financial.— A further sum of $50,000 has been placed to the oredlt
of the reserve funds for depreciation, unusual expenses and renewals.
The regular dividend of 8 p. o. per anmim on the preferred Bh ares
has been paid quarterly, and a dividend of 3 p. o. on the common
shares for the first half of 1804 was paid on Nov. 1. In view of the
earnings of the last half-year being somewhat smaller than anticipated, and of the large amount of working capital now re quired by
reason of the Increased business, the direotors believe the Interests of
tbe shareholders will be best conserved by husbanding the resources
of the oompany, particularly as the proceeds of the last securities
disposed of have not yet become productive, and for these reasons
they do not recommend the payment of any fuither dividend on the
common stock for the past year.

The

results for the three years

compare as follows:
1902.

1903.

1904.

$1,312,547

$961,664

rest a block of the first consolidated mortgage 5 p. c. bonds,
due July 1, 1935, but subject to call at 107}£ and interest on
60 days' notice.
advertisement says :

$150,000
$150,000
60,000
75,000
82.400
82.400
(6) 248,804 (5^)191,115
25,000
72,700

$150,000
Depreciation and renewals
50,000
Dividend, 8 p. o. on pref. stook.
82,400
Dividend on common stock... (3%) 144,690
64,140
Sinking fund and miscellaneous.
.

$491,230
$626,904
$695,750
$685,643
BALANCE BUEET DEO. 31.

Total
Surplus, carried forward

331,414
902,826

870,602
728,29(5

$508,515
$453,149

1904.

TAaMUtiuPref erred

1A03.

I

1903.

1804.

Assets—
t
a
Property & mines. 10,359,436 9,265,820
Improvements, developments and

I

1,030,000 1,030,000
Common stock
4.939.3C0 4,120,000
Bonds
3,890,500 2,443,000
General reserve...
760,000
760,000
Sinking fund
109,942
57,139
Bills pay. and cash
709,939
advanced
171,319
Pay-rol s&acct.pay
206,919
126,915
Coup. (Jan.)
75,000
76,100
Div. on pref
20,6u0
k0,600
Dlv. on com., Apr.,
1904
123,600
546,681
Res for depr'n,&c. 874,415
ins. fund
23,309
20,627
Fire
685,644
Profit & loss
695,760
stock.,.

I

bills

812,674

514,631

Total

12,406,050 10,879,149

An

Owns and

operates 33 miles of eleotrlo railways in and around Bangor, serving a population of over 45,000; also does all the electriclighting and power business in Bangor, Old Town, Brewer. Mllford,
Orono, Veazle and Hampden, with the exception of the municipal
lighting in Bangor; and furnishes the entire water supply for the
towns of Veazle. Old Town, Still Water, Mllford, Oreat Works and
Brewer. The water power for all these properties is derived from the
Penobscot River at Veazle, about 4^ miles above Bangor, adjoining
the dam of the Veazle Lumber Oo. The Bangor Railway &, Electric
Co. owns one quarter of the stock of the Veazle Lumber Co. and has
leased the dam and water power privileges for a period of 999 years.
The power-house has a oapaoity of 2,100 b. p. from its water wheels
and a reserve steam equipment of 2,000 h. p. capacity.
Present bond Issue, *900 000; in escrow to retire an equal amount of
underlying bonds, $600,000; reserved in hands of trustee for future
extensions and Improvements, $500,000 total authorized bond issue,
$2,000,000. The mortgage provides that $600,000 bonds held in escrow may be nsed either to retire at maturity the $600,000 underlying
bonds, or for extensions, betterments or permanent improvements.
The proceeds of the present issue of $900,000 bonds will be used to retire all outstanding bonds except the $600,000 underlying bonds mentioned above; to pay all floatlog debt of consolidated companies and
to provide funds for betterments.
;

EARNINGS OF CONSOLIDATED COMPANIES FOR YEARS ENDING
JUNE 30, 1904 AND 1905.

12,406.050 10,879,149

80, p. 1366.

Empire Steel & Iron Company.
(Report for Fiscal Year Ending Dec 31,
President Leonard Peckitt, under date of Feb.
The production

of pig Iron

1904.

Gross earnings
Operating expenses, including taxes

1904.)
22, says:

was 183,202

tons, or 82,311 tons less
We mined and shipped dur-

than the output of the furnaces for 1903.
ing the year 111,375 tons of ore from the Oxford and Mount Hope
properties in New Jersey, and although the tonnage was somewhat
larger (3,500 tons) than the previous year, the output could have been
considerably inoreased. Unfortunately, however, the iron market
from the beginning of the year until well into the autumn months was
far from aotive, and the business was so unprofitable that several of
the furnaces were closed down, thereby necessitating a further restriction of output at the ore mines.
About the first of Ootober considerable improvement in the general
market was noticeable, and before the end of the month a spirited
buying movement was well under way, prices advancing steadily fr<m
a low-water mark of $1350 per ton at the furnace for standard 2X
foundry iron up to $16-50 at the close of the year. Although fully
covered by contracts for more than enough coke to ran ns "full blast"
up to the end of the year, the shippers of ihls material, in praotically
every instance, failed absolutely to deliver anything like the tonnage
we were entitled to receive, and consequently we were obliged to
"alow down" during the entire last quarter of the year, whioh of
course meant deoreased outputs of iron and heavy losses that otherwise mutt have been profits in the business.
Owing to the depression, improvement work during the entire year
was of coarse restricted, althoagh the idle farnaoes were re-lined and
repaired in a general way. At Oatasanqua the wooden bridges crossing the Lehigh River and Canal, having been condemned, were replaced by steel girders at a oost of olose to $30,000 and new boilers
were erected at Reading, Oxford and Mount Hope.
Treasurer J. 8. Stillman says: "There was get aside out of the cost
of pig iron and ore a fund for extraordinary repairs and renewals on
the operation of the Crane furnaces as well as the different Empire
plants. This fund, combining all operations, amounted to more than
the expenditures that were made daring the year for improvements,
mine development, repairs and renewals.

The results

for three years follow:
1904.

Net earnings from operations

1903.

$135,200

Improvements and permanent repairs
included in costs
Depreciation mining properties

Net

31,238
15,808

profit

balanoe of profit and loss Jan.

1...

1902.

$388,529 $249,662

Deduet-

Add

)

>
)

79,878

46,575

$88,154 $308,651 $203,087
166,444
128,639
170,700

Total
$253,590 $437,290 $373,787
Dividend 3 p. c on preferred stock
$75,000
$75,000
$75,000
Improv'ts and allowances for depreo'n
In securities, raw materials, etc
196,846
170,148

Balance, profit and

loss,

Deo. 31. ...$178,594

BALANCE SHEET DEO.
1904.

Assets—
Real estate,

$

and machinery
2,788.647 2,761,936
Stocks and bonds... 2,100,502 2,100,50^
Cash in bank
18<>,S-49
83,883
Acots. receivable...
Bills receivable

148,777

Pig

165,726

Total

$165,443 $128,639

31.

1903.

$
plants

iron, ore, etc

173,450
266
252,85 ?

5,324,50 1 5,872,895

1904.

1903.

Liabilities—
t
$
Preferred stock
2 600 000 2,500,000
Common stock
2, 281,400 2.2*1,400
Bills payable
193,510 219,984
Accts. payable and

pay

rolls

Fund

for depreciation, etc
Divs. payable Jan. 1.
Profit and loss

Total

115,629

171,043

17,863
S7.500
178,698

10,024
2S.000
166,443

6,324,501 5,372,895

" Having shown through a most discouraging year earnings sufficient to set aside over $47,0C0 for improvements
and betterments and $75,000 for dividends, the report as a
whole may perhaps be considered as entirely satisfactory,
and the outlook for the present year is highly encourairtne."
ft
e

-V.

80, p. 1C60.

di-

Bangor (Me.) Railway & Electric Co.— Bonds Offered.—
Richardson & Clark, Providence, are offering at par and in-

Interest on bonds

Total

Bangor & Aroostook RR.— Dividend Increased— The

rectors have declared a semi-annual dividend of 2 p. c,
payable to stockholders of record July 1. This increases the
annual rate to 4 p. o. per annum, contrasting with 8 p. c.
yearly since January, 1904.— V. 79, p. 2082.

$1,186,980

Total available

-V.

78, p. 1981.

$609,935
351,729

Deduct—

receivable

first

$859,398
453,149

Balance brought forward

counts and

of

mortgage 6s of the Auburn City Ry., dated
1895, have been called for redemption at 105 and interest at
the West End Trust Co., Philadelphia, on Aug. 1, 1905.— V.
the $120,000

$501,337
685,648

Profits for the year

explorations to
be cbarged to future operations..
Inventories
Cash, ledger ac-

RAILROADS. INCLUDING STREET ROADS.
Auburn & Syracuse Electric RR.— Bonds Called.— All

(2

1905.
mos. est'd).

$322,350
197,875

$103,244

Net earnings

$292,949
189,705

$124,975

Interest on the $1,500,000 outstanding bonds
$75,000
"When the Improvements contemplated by the new management
are completed, the net earnings should be more than doable the bond
interest."— V. 80, p. 2456.

Branford (Conn.) Lighting & Water Co.— Sold.— See Conbelow.— V. 77, p. 298.
Buffalo Balavia & Rochester Electric Railway.— New
Line— Mortgage.—This company, incorporated last fall with
a capital stock of $3,5' 0,000 to build an electric road from
solidated Ry. Co.,

Williamsville, five miles east of Buffalo, to Rochester, via
Batavia, a distance of 65 miles, as an extension of the Buffalo
Williamsville Ry., has been granted authority by the
State Railroad Commission to construct its line and also to
make an issue of $8,503,000 bonds.

&

Buffalo & Williamsville (Electric) Ry.— Extension.—
Rochester El. Ry. above.— V. 79,p. 268.
See Buffalo Batavia

&

Chicago Terminal Transfer RR.— Second Default.—The
company on July 1 made its second default upon the interest
on the $15,135,000 4 p. c. bonds. The January interest was
purchased through the Guaranty Trust Co. There have recently been rumors that the control of the property would
pass into the hands of one or more of the large systems, but
so the transfer will apparently not take place until after
the foreclosure of the mortgage.—V. 80, p. 221, 162.

if

Cincinnati Dayton & Toledo Traction Co.— Bonds
Offered.— The Cincinnati Trust Co., W. E. Hutton and Claude
Ashbrook, all of Cincinnati, are offering at 95 and interest
tbe unsold portion, $700,000, of their block of $1,500,000 consolidated mortgage guaranteed 5 p. c. bonds, dated July 1,
Total issue authorized, $5,000,000;
1902, due July 1, 1923.
reserved to retire underlying bonds, $2,300,000; remainder
outstanding, $8,700,000. An advertisement says:
The Oinoinnati Dayton & Toledo Traction Is leased to the Cinoinnatl
Northern Traotlon Co., controlled by the same interests whioh are in
control of the Cinoinnatl Traotlon Co. and the Ohio Traotlon Co. The
leasing oompany assumes interest on C. D. <& T. bonds and pays an
additional rental to provide dividends on preferred stock; also dividends on a graduating scale on common stook. The proceeds from
tbe sale of $l,500,00u treasury bonds are being need for the purpose
of rebuilding the road, concentrating the present power houses (4 In
number) Into one modern equipped central power station, and providing new equipment. When these improvements are completed,
through cars from Indianapolis, Toledo, Cleveland and Columbus, centering at Dayton, will enter Cincinnati over the O. D. A T. The gross
receipts average $7,000 per mile per annum. The reoeipts from
freight and express servioe now aggregate $100,000 per annum and
are Increasing rapidly.— V. 80, p. 2343, 2219.

Cincinnati Hamilton & Dayton Ry.— Bonds Offered.—
Mason, Lewis & Co. are offering at 95 and interest, by advertisement on another page, $1,250,000 4 p. c. refunding bonds
of 1904, due July 1, 1954; total issue, $25,000,000, of which
$15,023,000 are reserved for prior liens. Compare V.80, p. 162.
The advertisement says in part:
These bonds are seoured by dlreot mortgage, subjeot to $15,023,000
prior liens, on the entire railroad property and leases of the company,
approximately 1,000 miles of road; also by a first lien on $11,000,000
Pere Marquette oommon stook, which alone oost more than the entire
amount of the outstanding refunding bonds. Of the underlying bonds,
$2,595,000 will mature in Ootober of this year and $2,728,000 will
mature six years hence and be refunded. The mortgage will be
closed when the $1,477,000 bonds reserved for betterments are taken

—
July

8,

THE CHRONICLE.

1905.]

down, ami no further bonds can then be issued exoept (or the purpose
of retiring underlying bonds. These refunding bonds underlie an
Issue of 950,000.000 bonds slnoe authorized.
Bridge.— See Ironton & Ashland Bridge Co. below.— V. 80,
p. 2843, 1856.

155

Gnayaqnll & (Jultu Ry.— Listed in Lvn ion.— The London

Stock Exchange has granted quotation to a further issue of
$175,000 6 p. c. first mortgage gold bonds (Nos. 10,381 to
10,520). -V. 80, p. 2621, 2157.

Illinois
Rj.— Purchased.— This subsidiary of the New below.— V. Traction Co.— See St. Louis Northeastern Rv
80, p. 2219.
York New Haven & Hartford Ry. Co. has purchased control
Iuterborough Rapid Transit Co., New York.— Opening of
of the Branford Lighting & Water Co., which owns a 5-ruile
trolley line extending from E*st Haven to Branford (oom- Company's Moid from Battery to West Farms.— The Subway
pare V. 77, p. 298). The outstanding stock is $800,000, and tunnel under the Hirlem River having been completed, the
the Coneolidated Railway Co., it is stated unofficially, pur- company at 12:01 o'clock next Monday morninpr will begin
chases all, or the greater part thereof, on the basis of $80 per operating the Subway trains from the Battery to West Farms.
share (par f 100) in 4 p. o. bonds. The Branford company at — V. 80, p. 2021,2458.
last accounts had outstanding $350,000 of 5 p. c. bonds.—
Iron Mountain Car Trust.— Increase Authorized.—The
shareholders on Wednesday approved the proposition to in
V. 80, p. 2G20. 2457.
Dcaver Northwestern & Pacific Rf.— Financed.— It is an- crease the capital stock issue from $6,000,00) to $10,000,000.
nounced that William L. Bull, of Edward Sweet & Co., is at It is proposed to issue abont $3,000,000 of the certificates this
the head of a syndicate that has provided the funds for the summer to pay for new equipment, principally freight cars,
construction of the Denver Northwestern & Pacific Ry,, already ordered. The remainlning $2,000,000 will be reserved

Consolidated

proj-cted by David H. Moffat of Denver, to extend from
miles.
Denver to Salt Lake, about
dustrial Section.— V. 80, p. 1862, 1111.
5'

See Railway and In-

Ironton

& Ashland Bridge Co.— New Bridge.—The

Ztmmerman

Detroit Mackinac; & Marquette RR.— Proposals for Sale
of Bonds. F. E. Driggs and William W. Heaton, trustees,
will receive proposals up to July 13 for sale of land grant
bonds, f 175,000 having been appropriated for this purpose.
The remaining #311,496 of the proceeds of the sale in August,

—

1902. of 1,000,000 acres for $1,250,000

for future requirements.— V. 80, p, 2624.

was recently

received,

interests,

Hillins-

which control the Cincinnati Hamil-

&

&

Dayton and the Detroit Tol.
Ironton railways, will
build a bridge under the charter of this company at Ironton
across the Onio River to Ashland, connecting with the ChesaOnio Ry. The cost of the bridge, it is said, will be
peake
about $l,500,f 00. It will be owned and financed independently of the railroad interests.— V. 77, p. 348.
ton

&

providing enough'money for the present bond payment; also
Kokomo (Ind ) Marion & Western Traclion Co.— Guarfor taxes, the next coupon, etc. (V. 77, p. 91). Bonds for anteed Bonds.— See Kokomo Railway & Light Co. below.
V. 77, p. 451.
f 1,655,000 remained outstanding Jaly 1, 1905 —V. 8), p. 1234
Notes Offered,— Rudolph
Kokomo (Ind.) Railway & Light Co. -Bonds Offered.—
Detroit Toledo & Ironton Ry.—
Kleybolte & Co., New York, Cincinnati and Cbioago, are Granger Far well & Co., Chicago and New York, are offering
offering at 99 and interest 15,530,000 o e the 5 p. c. %y
r for sale $100 001 first mortgage 5 "p. c. gold bonds dne Jan. 1,
year collateral notes of $l,CO0 each, dated June 1, 1905, ma- 1983, being the unsold portion of the entire issu a of $251,000
turing D?c. 1, 1908; redeemable at 102^ and interest; Interest recently purchased by them, guaranteed principal and interpayable June 1 and Dec. 1 in New York City, Total author- est by the Kokomo Marion & Western Traction Co.
ized issue, |7,000,000; amount outstanding, $5,500,000, issued
Lima (O.) Electric Railway & Light Co. -Leased.— This
for purchase of stock of the Ann Arbor RR. Co.
(See col- company's property has been leased as of July 1 to the Lima
lateral, etc., in V. 80, p. 2457, 2620).
General Traffic Mana- & Toledo Traction Co., of which W. Kealey Schoepf, repreger C. P. Lamfrey, under date of June 14, writes in sub- senting the Widener-Elkins syndicate, is President.
The
stance:
Lima Toledo Company's line, it is stated, will be completed
The acquisition of a controlling interest in the stock of the Ann
Arbor RR. Co. gives the D. T. & I. RR. Co. a continuous line of railway north as far as L^ipsio by late fall. The syndicate, which
from IroDton, O and (by oar ferry) from Ashland. Ky., on the Ohio already controls the Uhto Traction Co. of Cincinnati and the
River, to Frank'ort, Mich., on Lake Michigan, and thence by oar ferries Indianapolis Traction
Terminal Co., is said to be planning
toManlstlque, Mich.; Menominee, Mlch.;;Manitowoo, Wis., and Kewau- the acquisition by leasa or
otherwise of a large amount of
nee, Wis., with a total mileage of 726 miles. From;the Jaok^on, Wellston District in Ohio and from the West Virginia coal fl-lds a lar*e street railway mileage in Ohio and Indiana.— V. 75, p. 184,
business is now offering which the new equipment purchased will
Lima & Toledo Traction Co.—Lease.— See Lima Electric
Slace the roads in a position to handle for distribution in the Great Railway
& Light Co. above.
orthwest. The oar ferries also make possible close traffic connections with heavy-tonnage roads on the west side of Lake Miohlgan,
Milwaukee & Dabnqne RR.— The property to be sold
whloh are large carriers of grain and grain prodnots. At Jackson,
interests
Welleton and Ironton, O and Ashland, Ky., are located large iron under foreclosure July 25 embraces "certain
furnaces whloh use about 850,000 tons of ore annually. These ar- claimed in portions of an old grade constructed In 1857-8 for
rangements will famish a business for the company which it has not the Milwaukee
Beloit RR. Co., which was never comheretofore been able to control, giving empty ooal equipment good repleted." See V. 81, p. 81.
turn loading. The entrance by means of trackage agreements for
ninety-nine year* into Toledo will permit the D. T. & I to handle Lake
Mississippi Central RR.— Bonds— Construction.— tl, H.
ore for Jackson, Wellston, Ironton and Ashland.
The bonded indebtedness of the combined roads is at the rate of McOabe, writing to the "Manufacturers' Rioord," says:
Our people are negotiating an Issue of $5,000,000 of bonds, a porabout $25,000 per mile. I estimate that the oomblned result of operation of whloh is to be sold at once to oomplete the extension of 293
tion for the first year will be net earnings, $1,400,000; annual fixed
miles from Silver Creek to Brookhaven, that is now under construccharges, including interest on this Issue of notes, $1,039,000. V. 80,
tion, the Worthlngton Construction Co. of Birmingham. Ala., having
p. 2620, 2457.
theeontraot. We have 55 miles in operation from Hattlesburg to SilEastern Ohio Traction Co.— Reorganization Plan.—The ver Creek. The charter of our road provides for the eastern terminus
reorganization plan which was published in the Chronicle to be at Soranton, Miss., and the western at Natchez, Miss., although
this route may be ohanged. We have placed an order with the Baldof June 24, p. 2620, has been modified slightly in two or win Locomotive WorKs for three 70-ton 10-wheel oonneoted engines
three respects. In one particular, namely the amount of and one 55-ton 8-wheel oonneoted engine; also an order with the
preferred stock to be given to the old stockholders who make Barney A Smith Car Co. for four passenger oars.— V. 79. p. 2642, 2588.
the cash payment, the figure shown in the modified plan is
—The foreNew Hampshire Traction Co.— Sale July
that which appeared in the Chronicle of the date named, closure sale is advertised for July 14 at the New York Trust
we having discovered the slight inaccuracy in the original Co,, No. 26 Broad St., New York. Tbe stocks, bonds and
plan respecting the same. The holders of the Eastern Ohio notes owned will be offered in fourteen parcels, upset price
consol. 5s in addition to par in preferred stock for the face of for each being $50,000 ; upset price for the same as an entheir bonds and 2% p, c. in preferred stock for the interest tirety, $1,00 ),003. See plan in V. 79, p. 2205.
from Jan. 1, 1905, to Jaly 1, 1905, will receive par, that is
New Orleans Terminal Co.— Bonds Offered.— B. irvey Fisk
5 p. c. ($50 per bond), in preferred stock on account of the & Sons are offering at 95 and interest, by advertisement on
overdue interest for the entire year 1904, making in all $1,075 another page, $1,000,000 first mortgage 4 p. o. 50-year gold
preferred etock for each $1,000 bond. This latter change in- bonds, dne July, 1953.
Amount authorized, $15,000,000
creases the amount of preferred stock immediately issuable amount issued, $7,000,000. Eich bond bears the endorsement
to $929,975, and reduces the amount to remain in the treas- of the Southern Railway Co. and the St. Lonis & San Franury from $105 475 to $70,025. The annual interest charge for cisco RR. Co.. who jointly and severally guarantee the puncthe new company for the first year will be $67,000, for the tual payment of the principal and interest. Sse V. 78, p. 343.
second year and thereafter $109,500.— V. 80, p. 2620, 1478.
Under contract dated July 1, 1903, the entire property is
Georgia Southern & Florida Ry.— A"eu> Officer Samuel leased to the Southern Ry. Co. and the St. Louis & San FranF. Parrott of Atlanta, da,, Chairman of the Southeastern cisco RR. Co. at a rental covering all expenses of maintenance
Freight Association, has been elected Vice-President and and operation of the property, together with the interest on
General Manager, and also a director to succeed William the first mortgage bonds, whi.h are also guaranteed as above
Checkley Shaw, who resigns on account of ill health,— V. 79, stated. This company is now handling the business of the
Southern Ry., the Mobile & Onio RR., the New Orleans &
p. 2585, 786.
Green Bay & Western RR.— Committee for "B" Deben- Northeastern RR. and the S\ Lonis & San Francisco RR.
President L S. Berg, referring to his letter of Dae. 31, 1903
tures.
A committee consisting of
John H. Davis, Rudolph Kleybolte, George M. Pynchon and Jeff*rson (V. 78, p. 348, 1447), writes under date of June 27, 1905:
M. Levy, with Louis. M. Ogden, Seoretary, 25 Broad St., New York.
Since the date of that communication we have acquired five rquares
request-) the deposits of "B" debentures before Aug. 1, 1905, of property lying between Kampart and Basin streets, and Canal and
Toulon -ie streets, for additional passenger facilities,
of about
with the United States Trust Co., 45 Wall St., uuder a pro- * 1,500,000. This acquisition gives ns a frontage onat a oost
Canal Street, the
tective agreement dated Aug. 20, 1905, and says:
broadway of New Orleans, of approximately 24^ feet by 1,700 feet
The net earnings are sufficient to pay a substantial percentage on In depth. Plans are now being made for the erection of a modern railthe "B" debentures after full payments on all prior claims. The payway passenger station, the construction, we trust, to begin this fall.
ments to the "Bs" are non-cumulative and there M no provision for
The first four freight houses whloh were erected being entirely Inany trusteeship for the protection of these debentures. It is therefore adequate, though of unusually large dimensions, we are now conImportant that they should unite for their own protection. For the structing thre- additional freight houses upon the ten squares bepurpose of obtaining the lnoome belonging to these obligations and tween Basin and Prieur streets, all being np-to oate In every particusecuring their Interests upon any transfer of the property, the under- lar. Our freight yards are now oompleted. On the squares between
signed, who represent a considerable amount of these debentures,
Hagan Ave. and Bernadotte St. we have ereoted a large and practirequest the owners to deposit them. —V. 80, p. 1359, 162.
cally lire-proof round-house and machine shop, oar repair sheds.
,

&

,

&

U

;

—

—

THE CHRONICLE.

156

storage rooms, water tanks, modern ooal elevator, etc, etc, and the
Bernadotte yards In this locality are now nearlng completion.
Eighty flve-ponnd rail has been laid upon nearly all the New Orleans
Belt A Terminal Co. taken over by this company and same Is now
being double-tracked with steel of that weljrhr. One new double-track
baeenle steel bridge has been erected across 'he N«w Basil ana one Is
now In course of construction aoross Bayou St. John.
The development at Chalmette Is progressing as rapidly as conditions warrant, consisting of a slip 300 ft. wide, by 1,600 ft. long. 60
one slnale
ft. In depth, between parallel oonorete walls 60 ft. h'gh
story and one two story freight house, eaoh 150 by 1,600 feet, with
neoessary adjunots, suoli as power plant, pumping plant for tiie pro;

tection,

etc

Mr. Berg believes the property could not be dupli
several times its cost.— V. 81, p, 31.

'a*:e 1

for

New York

of

[Vol. lxxxi.
has been appointed trustee of the

new

mort-

gage.- V. 80, p. 1112, 601.
Southern Railway.— CalUd Bonds.— Sixty-fiye' ($65,000)
Richmond & Danville RR. equipment mortgage bonds dated
Sept. 3, 1889, have been drawa, and will b<* paid S-spt.l, 1905,

Naw York.— V. 81, p. 32.
Spokane International RR.— New Road.— Contracts have
been let for the construction of this road, which has been
surveyed from Spokane to Yahk, a point on the Canadian
at par, at the Central Trust Co.,

Pactfic Ry., a distance of about 140 miles
It is expected to
complete the road within a year. Canadian Pacific interests
have taken an interest in the securities and a traffic agreement has been made between the two companies. The new
road will give the Canadian Pacific an important new outlet
at its western end. The Spokane International is capitalized

New York New Haven & Hartford RR.— Payment of
Maturing Bonis. —Tbe $500,000 first mortgage 5 p. c. bonds
of tbe Boston & New York Air Line RR. Co., maturing Ang.
for $4,000,000 common stock and $4,000,000 first mortgage
1, 1905, and the coupon bearing the same date, will be paid
on and after date at the office of the Treasurer of the N. Y. gold fifty 5 p. c. bonds, dated July 1, 1905. The bonds have
all been sold through Day & Heaton of this city.
N. H. & H. RR Co. in New Haven.
D. C. CorPurchase.— See Consolidated Ry. above,— V. 80, p. 2622, bin, Spokane, is President.
2458.
Terre Haute & Peoria RR.— Return of First Mortgage
Oregon Water Power & Railwav Co., Portland, Ore.— Bonds.—The protective committee (Mark T. Cox, chairman)
—Bonds Offered.— Eversz & Co., Chicago and New York, representing the first mortgage bonds guaranteed by the
are offering by advertisement on another page a block of this Terre Haute & Indianapolis RR., deposited under agreement
company's first mortgage sinking fund 6 p. c. gold bonds of dated Sept. 16, 1896, announces that the bonds deposited will
$1,000 eacb, dated Jnly 1, 1902, due July 1, 1932, redeemable be returned to the bondholders by the New York Trust Co.
at option of company after July 1, 1912, at 105 and interest. (successor of the N. Y. Security & Trust Co.) in New York,
The property includes: (1) A steam and electric freight and and by Drexel & Co. in Philadelphia, in accordance with
passenger railroad, consisting of 78 miles of main line, all in the terms of the said deposit certificates, upon payment for
operation, with an 8-mile branch nearing completion; (2) account of the committee of the sum of $25,000 upon each
realty and river front terminal property in the city of Port- $1,000 bond. If desired, the interest coupon maturing Sept. 1,
land; (3) a water-power and electric-current-generating 1905, will be received in payment of said amount.
V. 80, p,

—

plant with a capacity of 20.000 horse power. See further
particulars in last week's Chronicle —V. 81, p. 31.

Philadelphia Rapid Transit Co.— Maturing Bonds.—the
|132,1C0 7 p. c. bonds of the West End Passenger Railway
Co. come due Oct. 1,1905, and will be paid at that time at
the office of Newburger Brothers & Henderson, 527 Chestnut
St., Philadelphia.
Referring to the above notice, the aforesaid firm will nurcbase the bonds at anv time upon presentation at their office, 527 Chestnut St., Philadelphia, at 103J^
The purp. c, with coupons due Oct. 1, 1905, attached.
chased bonds. s< ill secured by the original mortgage and
guaranties, will be extended by the company till Oct. 1,
1985, at 4 p. c. interest, and be marketed by tbe firm named.

The

issue

is

limited to $150,000.—V. 80, p. 1729, 1236.

Placerville & Lake Tahoe Ry.— aforfgragre.- This company
has filed for record a mortgage to the California Title &
Trust Co. of San Francisco, as trustee, to secure |1,C00,000
bonds. See V. 78, p. 2600.
St. Louis & Northeastern (Electric) Ry.— Mortgage.— This
company, incorporated in IUiinois last January to build an
extension for the Illinois Traction Co. from East St. Louts
and Granite City to Hillsboro, III,, via Staunton and Litchfield, about 70 miles of main track (exclusive of second track,
sidings, etc.), has made a mortgage to the Equitable Trust
Co., Chicago, trustee, to secure an issue of $3,000,000 of 5

"**,

872.

Underground Electric Ry. of London.— iVew Debenture
Stock for Subsidiary. This company's subsidiary, the London United Tramway Co., recently offered in London a further amount of £3CO,000 4 p. c. first mortgage debenture
stock to its existing holders of stock and shares at 98 p,
V. 80, p, 2459.

—

c—

Western Maryland RR.— Earnings.— This company has
begun regular reports of earnings with the following statement for the nine months ending March 31, the net earnings
being given after deducting operating expenses and taxes:
Nine
Gross
months.
earnings.
1904-05... $2,854,246
1903-04.... 2,686.405
-V. 80, p. 1914, 1857.

Net
earnings.

Misceli's

Other
income.

Total

credits.

$1,064,397
957,921

$176,089
117,249

$335,308
425,600

$1,565,794
1,500,770

INDUSTRIAL, GAS AND MISCELLANEOUS.
American Smelters Securities Co.— Change in Diviiend,—
In order that the dividend periods of series "A" and series
"B" stocks may run contemporaneously, a dividend for two
months was paid July 1 on pref. stook, series "A."— V. 80,
p.

2459, 2221.

American Thread Co.— Dividend en Common Stock.—This
company recently announced a dividend of 8 p.c. on common
stock for year to March 31, 1905, contrasting with 16 p. c. for

gold bonds. Tbe line is under construction, and permanent securities will not be issued until its completion. the preceding year, with
The bonds will be guaranteed by the Illinois Traction Co. and 10 p c. for 1900-1.
p. c.

See

p, 2516 of

St.

&

Pacific

Co.— To Develop Coal

—This company has been organized

to construct a
railroad in Northern New Mexico to develop a large tract of
coal lands near Raton, Colfax County, N. M. The company
owns 189,400 acres in fee simple and coal rights and surface
necessary for mining in 314.800 acres. The area controlled
The amount of workable coal in
is about 800 square miles.
the actually proven area of 42,700 acres Is estimated by experts to be not Ie»s than 350,000.000 tons. The company has
in operation at Blossburgh and Van Houten two mining
plants and 84 coke ovens, Sales in 1904 were 891,000 tons.
The outlet for the mines has been over the Atchison ToSanta Fe. The company now propofes to build its
peka
own railroad from Des Moines, N. M., which is a point on the
Colorado Southern, to extend westward to Raton and thence
southwest, crossing the Dawson RR. at Koehler, to Cimarron,
and through the Cimarron Canyon to tbe EHzabethtown
mining district, a total distance of about 120 miles.
The St. Louis Rocky Mountain
Paoific Company will
issue its first mortgage 50-year 5 per cent gold bonds, secured
by a first mortgage lien on the entire coal property and upon
$3,500,000 of the first mortgage bonds of the S f Louis Rocky
Mountain
Pacific Railroad Co. and the same amount of the
Railroad Co's. stock. The authorized Issue of the Company's
mortgage is $15,000,000, of which $3,^00,000 will be issued to
acquire the coal properties, $500,000 to improve them and
$8,500,000 to build and equip the 120 miles of railroad. The
remainder of the issue will be reserved for future requirements. The enterprise has been financed by Fisk
Robinson, New York.

&

&

.

&

4 p.

c.

for 1902-3, nothing for 1901-2

Report.— See

Street Railway Section.

Louis Rocky Mountain

Prcperty,

net.

,

&

p. 153 of to-day's issue.— V. 79, p. 211, 153.
Associated Oil Co., Bakersfleld, Cat.— Purchase.— The
"San Francisco News Bureau" on June 28 said
It was given out officially at the offices of the Associated Oil Co. this
morning that the company has oonoluded the long-talked of purchase
of the Coalings OH Transportation Co. The purchase price Is in the
neighborhood of $3,000,000, and includes all the transportation company's oil wells ar Coaling*, the pipe line from Coaltnga to Monterey,
the wharf and tankage at Monterey, four ships, a barge, a tag, the pipe
:

line from Santa Maria to Aloaf raz, the refinery at Aloatraz, tank stations at Honolulu, Portland and Taooma, and all oontraots previously
written for the purchase or sa e of oil. The Mataon Navigation Co.
will, in future, be affiliated with the Associated Oil Co. by reason of a

carrying contract made with that company.
President of the Matson Navigation Co.

Mr. Matson

still

remains

Report.— See page 153 of this issue.—V. 80, p. 2346, 1060.
Bell Telephone of Philadelphia.— Earnings.— For the
five months ending May 31:
1904.

1905.

Gross earnings
$1,541,770
$1,737,194
339,151
Net earnings
516,854
Required for 5 months' dividends on $13,999,983 capital
349,786
stook at 6p. o. per annum
Balance to surplus for 5 months' operation, 1905
Five months' divldendson $13,999,983 capital stock at 6%..
Balance to surplus for 5 months
Stations in service May 31, 1905
Net gain since Jan. 1, 1905

Acquisition.— See

Diamond

$187,068
349,786
167,068
94,580
12,083

State Telephone Co.

below.—

V. 81, p. 33.
Benicia (Cal.) Water Co.— Bonds.—The shareholders will
meet at 580 Mission St., San Francisco, July 12, to authorize
an issue of $300,000 bonds. J. Kullman is Secretary.

BroftSlyu Union Gas Co.— Payment of Maturing Bonds—
Refunding.— Holders of the $U2,C00 Uaion GUs Light Co. 6
bonds maturing July 1, 1905, are notified
$160,000,000, of which $128,307,960 will be issued to complete p. c. first, mortgage
the long pending consolidation of the constituent companies, that the same may be exchanged at the Central Trust Co. of
viz.: The Southern Pacific RR of California, the Southern New York for Union Gas Light Co. 5 p. c. consols maturing
Pacific RR of Arizona and the Southern Pacific RR. of New Jan. 1, 1920, Brno's not exchanged will be piid on presentaMexico (V. 74, p. 578); also on authorizing the proposed tion at the People's Trust Co., Brooklyn.— V. 81, p. 33.
first refunding mortgage for $160,000,000, the bonds to be
Canyon Canal Co., Canyon County, Idaho.— Bonds Offered
issued as stated in V. 80, p. 1112. The Eauitable Trust Co. —The Trowbridge & Nlver Co,, Chicago and Bjston, are of-

Southern Pacific RR.— New Stock and Bonds.— The shareholders will vote Aug 28 on increasing the capital stock to

—

"

July

8,

T11K

19o5.|

CHRONICLE

r and interest the unsold portion of $250,000 first
mortgage 6 per cent bonds dated JuaelS, 1905; interest (January and July) payable at American Trust & Savings LUnk,
Cbicsgo, or First National Biok, Boston denominations,
$1,C00. $500 and $100 (*15,000 due 1915 are $1C0 denomination);
dae $30,000 yearly;on July 1 from 1907 t> 1916, both inclusive.
The last three maturities (19U, 1915 and 1916) are subject to
A circular says
call at 103 on and after July 1, 1913.

ferlng at pf

;

:

Tahlnir 'water cUreot from the Payette River, this oanal will irrigate
by gravity syetrtu 20,000 to 25,000 aorea of the best lands in the
Payette Valley. Company incorporated nnder laws of Idaho. Capital
stock, $500,000. First mortgage bonds, present Issue, #300.000. of
which trusteed for possible extensions, SSO.OOO. Seoured by ilrst
mortgages upon all the property of the company, consisting of valuable water rUhts oa the Payette River, a new dam and reservoir and
31 miles of canal now under-oonstruotlon also by mortgage llene
upon the lands under the oanal, representing $ZO and $30 an acre (aggregating one and one half times the amount of the bonds), to bs de,poslted with the trustee. These last named mortgages, eaoh representing 160 aores or lets, are given to the oanal company by the settlers ui on the land lu payment for perpetaal water rights upon said
traots, the value of the lands being estimated at two and one half
times the amount or the mortgage. As eeourity for every $1,000 bond
the trustee therefore holds $1,500 mortgages upon land estimated
worth $3,750, or seonrlry <qaal to three and three-quarter times the
amount of the bond. The mortgages (deposited as collateral) draw
6 p. o. interest and are payable iu ten annual Instalments.
;

Car Trost Investment

Co.,

Limited.— R(organ zation—

shareholder?, at a meetiDg in London on
June 7, adopted the modified plan of reorganization, which
provides for the organizuion of a new company, the present
security -he 1 lers to receive new stock, etc., as follows
(1) Ordinary shareholders to pay In Instalments within one year
£ i 10s. per chare, making their shares £ s paid In, and thereupon to be
relieved of liability for the remaining £5 per share by the dissolution of
the company, such shareholders to reoeive for the oash so j aid an
equal amount (£2 10s.) of 5 p. c. redeemable income bonds, and
also for each old share one full-paid ordinary share of 5s. in new company; (2) existing debenture stock (£470. Oou) to be paid off from oash
paid In by shareholders and from proceeds of new Issue of £ 250,000 4
p. o. redeemable debenture stcck or debentures; (3) the preferenoe

Liquidate

n.—The

:

£10

stockholders to receive for everv

of preference stock held (d) 5

redeemable Income bonds £12 5s.; (b) one ordinary share of 5s.
No dividend shall be paid on the new shares until the debenture stock
and Income bOLds th fill have been paid off. Inoome bonds will have
one vote for every £ 10 nominal amount, and the ordinary shares one
vote for every four shares. First directors to be Robert Drummond
Balfour, Richard Henry Glyn, Lewis Gordon Mortimer, Alfred Shepherd and Charles A. Soott-Murray. The new oompany will be a liquidating oompany, with sjeoial provisions for enabling all the insets,
and particularly the more Important ones, to be told.
Present common stock is £ 300,(00; preference stock, £500,000.
The company is managed by Dent, Palmer
Co., 52
William St. but the securities are practically all held in
Eogland. There is also a Car Trust Investment Co. of New
York, Thomas Carmlcnael, 52 William St., being a director
p. o

&

,

of

both corporations.— V.

63, p. 401.

Central Leather Co.- Nt w Securities.— The Central Trust
Co. announces that, unless unavoidably delayed, it will be prepared July 10 to issue the bonds and stock certificates of
this new cempany in exchange for certificates of deposit of
the United States Leather Co. per plan in V. 79, p. 2752. The
terms of exchange are as follows
:

It

.

Each 81,000 principal of—

exchanged for

>

Com. stock.
$500
S5C0
$235
None
None
300
Co., New Yoik, have issued "a short

Preferred stock

Bjnds.

Fret, slock.

Common stock
Thomas L. Maneon &
description" of the new company.

Application to Libt. —The New York Stock Exchange has
been re q tested to list $28,080,000 first lien 5 p. c. bonds of

July

preferred stock and $37,397,600

$ss8,080,7C0

1925,

stock
1,

common

D.vidends on the preferred stock began to accrue
1905.— V. 80, p. fc222, 1415.

Consolidated Manufacturing Co., Toledo, Ohio. — Ri-Incorjorution- Preferred Stock OJtred.— This company has
surrendered its Arizona charter and re -incorporated under
the laws of Ohio, the capital stock being increased irom
$600,000 to $1,000,000, one-half of the latter being 6 p. c. cumulative participating preferred. Of the preferred shares,
over $300,000 has been practically underwritten or reserved
for present stockholders, and the remainder is offered for
subscription at $98 per share (par, $100) through the First
National Bank and the National Bank of Commerce, both of
Toledo. President E, V. Breckenridge says:
1 his pant Is one of the largest and best tqilpped In the United
States tor the manufacture of automobiles, bicycles, motor cycles,
drop forgings, brt/^d goods, bicycle parts and fittings, automobile
parts and UttlDgs, sheei-steel stove fittings and metal goods. E^tab
llshed trade over $600,000 per annua, whloh can easily be Increased
to $1,000,000 the ttrst year. The earnings for the patt three years
have been much more than scmolent to provide lor the payment of
dividends upon the preferred sunk now offered.

EIGHTS OF PKEFiKRED STOCK.
cumulative dividends of fl p. c. p< r ai num. payable seml-anauily
July 1 and Jan. 1, the drut dividend tjein* p*y-tble Jan. i, lwj'i, In preference
toab ulher »f ck, but with .ti.e right to participate «itb the common Block
In ah dividends after B [>. con eacn cln-s of -tock. [Untitled to vote at itoefch-ntltled to

holders' meetir ifi wt.ein.-ver an\ dividt-nd Is in default, otherwise non
ole. May be reaeemed at any lime alter Ove year^ :r,ni Jan, 1, Uk.6. at 1105
ror each share of stock and unpaid dividends thereon.
The corporation shall
not create any lieu upon iLc proptit without the CO
f
the preferred stock ou'st mil. uu. Inllqul atton the
bo
p
paid In preference to ail <,thtr stock the pa- vale
iherwith Inst 'I p. c. per an- urn for. my period for which dividends at said rate ->ii...l
I

-

'.

>

•

no: nave been paid.— V.

7e, p.

—

Dakota Central Telephone Co.— Mot tgage. Tbis company
reported to have made a mortgage to John C Bas^ett,
President of the Aberdeen (9. D.) National Bank, as trustee,
to seenre $5 )0,OUO bond*, the proceeds of which will be used
for improvements, extensions, etc,

is

Diamond State Telephone Co.— Merger- Con trol.— This
company has absorbed by consolidation the following:
Eastern Shore Telegraph & Telephone O.). of Caroline County, Md.;
Muyland A Delaware Telegraph & Telephone Oo. of Wloomloo

County, Md.; Onanoook Telephone Oo. of Virginia; Atlantic Telephone
Cc. and Peninsula Telephone Oo.

A

majority of the stock of the consolidated corapaay, it is
owned by the Bell Telephone Co. of Philadelphia.

stated. Is

-V.

71, p. 82.

Drlggs-Seabury Ordnance Co.— Nmo Stock.— The shureholdi rs voted June 23 to increase the stock from $1,189,000
to $1,789,000 by issuing $600,000 preferred stock. The additional capital will be used in making large additions to the
plant.—V. 80, p. 1114.
Edioon Electric Illuminating Co. of Buston.— Property
Taken Over tonds Aanimed, —Title has been taken by deed

—

to the property of the Woburn Light, Heat
76. p. 928), the consideration being stated

&

Power C >. (V.
as §296,000, the

Edison company assuming $175,000 6 p. c. bonds due 1918;
October at Mercantile Trust Cj.,

interest payable April and
Boston.— V. 79, p. 2207.

Electrical Development Co., Ontario.— New Ccncesiim
Canceled. The Ontario Government recently decided to
cancel the agreement grantirg this company the right to
develop 125,000 horse-power at Niagara Falls in addition to
the 125,000 horse-power covered by its original conceseion.
The Honorable Adam Beck, member of the Cabinet, in a
speech before the Legislature said:
Three Canadian power companies have been Incorporated. Under
agreements entered into with them rights have been given to develop
as follows: Canadian Niagara Power Co. [Niagara Falls Power Co.,
see Railway and Indus thial Section], lOO.ooo horse-power; Ontario
Power Oo. (V. 80, p. p. 1-1.27). 250.000 horte-power; Eleotrloal Development Oo. (V. 79, p 2645), 125,000 horse-power; total, 475.000
horse-power. Of this authorized amount, machinery Is now being Installed to provide for an aggregate output of 120,000 horse power,
but the development of the commercial Interests of the province Is
eolng on so rapidly that It will not be long before power consumers
will reqiird the whole authorized development of 475,000 horsepower.— V. 79, p. 2615.
Excelsior Coke & Gas Co.— Merger. —This company (V. 77,
p. 1228) has been absorbed by the Consumers' L ght, Hiat
Power Co a company incorporated under the laws of Delaware on April 17, 1905, with $1,000,000 authorized capital
stock. The new cempanv is said to be nearly entirely owned
by A. N. Bra<ly of New York, Joseph H^im of Kansas City
nnd Arnold Kalmau of St. Paul.
guaranty of $5,000 cash
insures the distribution of natural gas in T\>peka through
the cornnany's mains bv Jan. 1, 19G6. the gas to be supplied
by the Kmsas Natural Gas Co. See V. 79, p. 9C6.

—

&

,

A

Also nnder the laws of Delaware there was Incorporated on April
Heat & Power Oo. (an auxiliary conoern to the
Consumers' Oompany) to erect plants for generating eleotriolty; capital stock, $300,000. The Consumers' Company holds a franchise to
supply Topeka with natural gas, having sucoeeded the Home Heat &
Light Co which purchased the franchise originally grant* d to the
Continental OH & Gas Co. over two years ago— V. 79, p. 2Ut8.
17 the Citizens' Light,

,

Federal Chemical Co.— Re itcorporatun.— This Delaware
corporation has been re incorporated under the l*ws of Kentucky with $4,000,000 capital stock, in shares of $100, one-half
of which is preferred; debt limited to $1,000,OCO. The shareholders are to exchange tteir holdings, share for share.—
V.

77, p. IS 28.

General Metals Co.— Bid's Asked for Proper ty. — Duncan
Chisholm, tiustee in bankruptcy, invites bids for all or any
part of the property. Address Mr. Chisholm, Colorado
Springs, Col.— V. 80, p. 1178.
Hull Safe Co. —Dicision.— Judge Clark, in the United
States Court at Cincinnati, on June 28 handed down a decision in the long pending suit of the Herring-Hall Marvin Co.
against this oompany, holding that tb« Hill brothers, when
they sold the property of the Hall Safe & Lock Co. to the Herring-Hall- Marvin

Co

,

sold also the right to use the

name

Hall,

and that they have infringed the rights of the Herring- Hall
Marvin Co. In calling their new safe concern the Hill Safe
Co. An injunction is granted against further infringement
*nd an accounting is ordered to determine the damages that
must be paid.
Hartford City Gas Light Co.— E or.di Sold.—The $6CO,000
4 p. c. 30-year gold bonds were awarded to Francis R. Cooley,
ot H .rtford, Conn.
See V. 81, p. 34.
Herring-Hull- Marri a Safe Co.— Favjrable Dtcision.— See
II ill Safe Co. above.
The completion of the reorganization,
it is understood, has been delayed pending this decision.— V.
-

cO, p. 1732, 1237.
11

ppi.drome

Amusement Co.— See

Now York

Hippo-

drome Co. below.
International Mahogany Co.— Soheduh in Bankruptcy.
Schedules in bankruptcy, it is reported, show:
$746,0-9, of whloh $501,102 are seourel and $503 fur
assett. $tiiJ. 478. oonslhtlug of real i/stat^ in Cuba,
', 'OO; luiuOer held by hatjliH as stcurlty for ail v.hichh, $1 ll,tf7b;
lumber on hand, $<!O0; IMoi fixture, * .00; ucomuts, *3l,077; one
Liabilities.

t

Consumers' Light, lit at ic Power Co., Tvpzka.—Acqui i
n.— See Excelcior Ccke & Gas Co. below.
(William) Cramp
Sou' Ship ii Engine Builoing Co.—
NcK Director,— Charles E. Mather has been elected to the
ti

<fc

t

boaid of directors.
R'port.— See p. 152 of

lo7

tble

issue.— V. 81,

p. £3.

wages.

Nominal

<

real estate tonelatn of 50,<)< O ncres of Umber l.ind
!.• >r '.'-tlbarlen. covered by a mortgage of $ .UOIVJOO to the
Knickerbocker Trust C". :t* trustee, to secure bonds, of which $'.M>,Oui> liave
been ismeii hliI $ '10,000 are, held by the Knickerbocker Trait Oom
I'atiy an tecurlty for a loan of %Z J5,OuO, on which there are ohiirges of

wautin, *2*>.

The

'

$5,000.-V.

fcf,

i>

'23*7, 1385.

THE CHRONICLE.

158

Johnston Harvester Co. of Batavia, N. Y.— New Stock.—
This oompany, which early in 1902 increased its caDital
stock from $500,000 to $1,000,000, to double the capaoity of its
plant, has filed at Albany a certificate of increase of capital
from $1,000,000 to $1,500,000. The new stock has all been
subscribed for by the shareholders in cash at par. Officers:
Byron E. Huntley, President; E. W. At water, Vice-President and Treasurer; L. D. Collins, Secretary.
Jones & Laughlin Steel Co.— Acquisi'ion of Coal Properties.— See Vesta Coal Co. below.— V. 80, p. 1916.

Einloch Long Distance Telenhone Co.— Bonds Offered.—

The

Mississippi Valley Trust Co., St. Louis, is offering at
96J4 and interest $400,000 first mortgage 5 p. c. gold bonds,
dated Jan. 2, 1904, due Jan. 2, 1929. Interest payable Jan. 1
1.
Compare V. 79, p. 630, 155.
Latrobe-Connellsvllle Coal & Coke Co.— Consolidation
Deeds representing a total purchase price of $1,000,000
were filed at Greensburg, Pa., on June 2, transferring to this
company the entire holdings of the Derry Coal & Coke Co.
The company has also taken over the properties of the Superior Coal & Coke Co. and the Saxman Coal & Coke Co., making its total holdings in Westmoreland County, Pa., about
8,000 acres of ooal lands and 570 coke ovens, with a daily
oapacity of 4, COO tons of coal and 1,500 tons of coke. The
total purchase price of all these properties, it is understood,
was $1,750,000. The company; is closely allied with, if not
controlled by, the Keystone Coal & Coke Co. (See V. 74, p.
Cassatt,
580; V. 77, p. 199). The officers are: Robert
President, Philadelphia, Pa.; M. W. Saxman, Treasurer,
Latrobe, Pa. E. M. Gross, Secretary, Greensburg, Pa.
Merrill- Stevens, Jacksonville, Via.— Bonds Offered.—
William E. Bush, Augusta, Ga., having sold a considerable
amount of the bonds, is offering at 102% the remainder of
the issue of $175,000 first mortgage 6 p. o. gold bonds, due
Jan, 1, 1934, redeemable at any interest period at 110 and
The sinking fund is to retire $5,000 bonds yearly,
interest.
beginning Jan. 1, 1906; interest payable Jan. 1 and July 1
at Savannah Trust Co., trustee. An advertisement says:
The above bonds are a first lien upon the plant, costing to date over
$350,000, of which amoant $96,500 is represented by the value of the
site, which comprises three and one-half oity lots, fronting 370 feet on

and July

—

K

;

Bay

St. (the principal business street of Jacksonville), running hack
750 feet to the harbor line, and 14 acres of land fronting on the St.
Johns River, opposite the oity. The oompanv has been engaged for
fifteen years in designing, building and repalrlnfi all classes of eliips,
vessels and water craft of steel, iron and wood, also the designing,
building and repairing of all olaeses of boilers, engines and machinery. Net earnings in 1904, $38,972; charges, $10,500; surplus, $28,472.
New York Hippodrome Co.— Mortgage. This company has
made a mortgage to the New York Trust Co., as trustee,
covering the building on Sixth Ave. and the leasehold interest in the land on which the building stands, to secure an
issue of $1,500,000 of 6 p. c. bonds. The mortgage for $900,000
made last fall has been satisfied of record,
The new bonds are due Sept. 1. 1924, but are subject to oall at 105
and interest at any time at option of oompany; interest, payable Mar.
1 and Sept. 1. The land, subject to the lease, Is owned by the Island
Realty Co., one of the subsidiary companies of the United States
Realty & Construction Go. The Hippodrome Amusement Oo. of New
York was incorporated at Albany on May 22, 1905, with $2,000,000 of
authorized capital stock, to conduct amusement enterprises in various
places, the directors being J. H. Wiley, J. V. Booth and W. P. Hadley.
This new oompany is supposeed to have acquired a controlling Inter-

—

New York Hippodrome Co., although

the only official inforthe effect that one of the two companies is a
stockholder in the other. Secretary of N. Y. Hippodrome Co., R. Q.
Babbage, No. Ill Broadway, N. Y.—V. 79, p. 2208.
est in the

mation obtainable

is to

Ontario Power Co.— Construction.— Mr. Denison, of Deni& Co., was at Niagara Falls last week looking over
and found two units aggregating 20,000 electrical

son, Prior
the plant,

horse power already for operation, while a third unit of 10,000 horse power was nearing completion.
Contract.—The New York Central RR. interests have contracted for a large amount of power from the transmission
company which purchased the first 60,000 horse power produced by the Ontario Power Co. The New York Central
people, it is understood, intend to use the power which they
have purchased on their street railways in Syracuse and
points farther west. See V. 80, p. 1427, 119.

Packing Companies.— Officers Indicted.— Following the
prolonged investigation, a Federal grand jury at Chicago on
July 1 returned indiotments against seventeen officers of the
leading packing companies for violation of the Sherman
antitrust law and against four officials of Sohwartzschlld
Sulzberger Co. for alleged illegal rebating with the railroads.
Besides the individual indictments, bills were brought in
against the following companies, viz.: Armour k Co., Swift
& Co., Nelson Morris Co., the Cudahy Packing Co. and the
Fairbank Canning Co. Compare Swift & Co., V. 80, p. 603,

&

[Vol. lxxii.

isting pipe line of the Standard Oil Co. running to Bayonne,
N. J., was opened for oil on June 26.
The working capaoity of the new pipe line is stated in a press despatch as 18,000 barrels a day. An official statement as of Jan. 1,
1905, reported
Investment by oompany to Jan. 1, 1905, in oil and
natural was properties, tanks (of a capaoity of 5,714,054 barrels), etc..
$4,782,287; 4,839,574 barrels of oil, produced and purchased at
average cost of 97 cents, $4,719,705; total $9,501,992. Estimated
oost of pipe line from Kansas-Missouri State Line to Whiting oil refinery, $4,266,960; deduot expended prior to Jan l. 1905, $649,144;
to be expended, $3,617,816; estimated cost of additional tankage of
capacity of 3,838.500 barrels, $844,470. Further expenditures will
probably bring the Investment up to $15,000,000.
The company in its monthly statement for May for the
fields of Kansas and the territories reports: Daily average
runs 18,311 barrels; dally average shipments 8,042 barrels.
Total put into tankage, 808,086 barrels; total stock in tanks
and lines, 6,656,956 barrels.
:

The "Outlook" recently contained an official statement regarding the company. A Topeka press dispatch says
The Standard OH Oompany has filed an answer In the Supreme
Court to the ouster suit brought against the oompany by the State of
Kansas. The answer denies everything alleged by the State against
the Standard OH Co. and attacks the validity of the Kansas anti-trust
:

law.

Price Bros. & Co., Ltd., Quebec (Lumber).— Bonds Offered.
advertisement on another page announces that this
well-known company, incorporated under the laws of the
Province of Quebec, with |2,0C0,C00 paid-up capital, has made
an issue of |l,O0O,O00 6 p. c. 1st mortgage sinking fund gold
bonds of $1,000 each, dated June 1. 1005, and maturing June
1, 1925, but subject to call at 105 and interest.
Of these
bonds, $300,000 having been already sold, the Bank of Montreal
Is authorized to offer for subscription at par and accrued interest the remaining $700,000.
The bonds are payable,
principal and interest, either at the Royal Trust Co. of
Montreal, the mortgage trustee, or at the agency of the Bank
of Montreal in New York, either in legal tender of the Dominion of Canada or in gold coin of the United States of
America, at option of holder; coupons payable June 1 and
Dae. 1, Subscriptions wili be received by—
Bank of Montreal, Montreal, and branches.
Granger Farwell
Co. of New York and Chicago.
The Royal Trust Company, Montreal.
A circular has in substance the following:

—An

<fe

Incorporated under the 8 took Companies Incorporation Aot'of the
Province of Quebec, for the manufacture and sale of spruce and other
lumber, -with a fully paid-up capital of $2,000,000. The total ap
praised value of the assets is $4,317,500, and prior to the purchase of
the bonds by the underwriters an exhaustive examination of the
lands and mills was made by J. D. Laoey & Co., timber experts, who
reported the value of the freehold lands, seigniories and timber
limits to be in excess of $3,000,000.
The freehold and seigniory lands sohedule over 100,000 aores; the
"limits" operated under license sohedule over 6,000 square miles, viz :
Freehold or "Limits."
Freehold or "Limits.''
Seigniory. Square
qui
Seigniory.
Square
Acres,

Location,

Batisoan

Montmagny

Miles.

Rlmouekl
Matane....
Metis

Location.

Acres.

Miles.

298 Saguenay. ......
235 Sault auCoohon
480 Amqal
512 Sundry small a 1320
Jacent tracks. 6,000

33,000
20,000

48,000

3,800

293
160

Total
107,000
6,098
Operates ten mills at Batisoan, St. Thomas, Cap St. Ignace, Bimouskl,
Matane, Metabetohouan, St. Catherine, Trois Saumons, St. Bosalre
and Amqui, all equipped with workshops, warehouses, lumber yards,
offices, buildings, wharves, booms, steamboats, lighters, bateaus, vessels, machinery, camp equipment, wagons and live stook and with
logs and lumber on hand, and owns all the $150,000 stook of the PricePorrltt Pulp & Paper Co. Annual sinking fund $50,000, beginning in
1906, with whieh the trustee shall retire bonds by lot at 105 and interest upon any interest day, upon 60-days notice, unless bought in

open market at less price.
The business was founded in 1810 by members of Price family. Mr.
William Prioe, recently the sole proprietor, acts as President and
owns the bulk of the stook. The London dlreotors are members of
the firm of Prloe & Pieroe, London, who have acted as selling agents
for Prioe Bros. & Co. for upwards of 35 years. After examination of
the books for the five years ending March SI, 1904, Mr. Oeorge Creak,
Chartered Accountant, Montreal, reports the net profits of the business to have been for this period $1,231,385, or a yearly average of
$246,277, being over four times the bond Interest. All of the properties are free and clear of all Hens, charges, enoumbranoes or indebtedness, exoept a lease upon the property known as "Metis."
Andrew Thomson. Wm. 8. Hofstra, Edwagd G. Prioe,
Directors
Robert Ritchie, Ion Hamilton Benn, Oastavus 6. Stuart, Henry E.
Prloe, Wm. Prloe and Granger Farwell.
:

—

Qainey Gas & Electric Co.—New Name. The shareholders,
besides increasing the capital stock from $600,000 to $2,000,000,
have voted, it is stated, to change the name of the oompany
Heating Co.— V. 81, p. 36.
to Quincy Gas, Electric

&

qaincy (111.) Gas, Electric & Heating Co.— New Name.—
See Quincy Gas & Electric Co. above.
Standard Oil Co.— Subsidiary Company.—See Prairie Oil &
&
Gas Co. above.— V. 80, p. 1001.
Star & Creseent Milling Co. of Chicago, III.— Bonds Of1001.
fered.—Peabody, Hongbteling & Co., Chicago, recently ofPittsburgh (Pa.) Oil & Gas Co.— Dividend Reduced.—The
fered at par and Interest $175,000 first mortgage 5}£ per cent
directors have declared a quarterly dividend of 1 p. c, conserial gold bonds of $1,000 each. (Issue limited to $400,000.)
trasting with
2 p. c. heretofore regularly paid. The net
earnings for the quarter ending June 80, after paying interest on bonds, were $90,000, the dividend being reduced in
order to "provide additional working capital at a time when
field operations are most active and when consumption of
gas is smallest." See full statement in V. 80, p. 2348, 2341.
Prairie Oil & Gas Co., Kansa3.— New Stock— New Pip
Line.—This company, controlled by the Standard Oil Co., hafiled with the Kansas State authorities a certificate of in
crease of capital stock from $2,500,000 to $7,500,000. The
8-inch pipe line from the Kansas oil fields to the Whiting,
Ind., refinery (near Chicago), connecting there with the ex-

Bonds dated March

20, 1905. Payable yearly in series on March 20,
1906-1915, inclusive, $10,000 eaoh year; 1916, $15,000
1917,
1918 and 1919, $20,000 yearly, but redeemable on March 20, 1908, or
on interest dates thereafter at 103 and interest. Semi annual Interest payable at office of trustee, the First Trust <s Savings Bank,
Chicago, 111. Business established in 1867; incorporated in 1882 with
a capital stook of $200,000, which in 1894 was increased to $275,000
and in 1905 to $500,000. Slnoe Its inception the oompany has earned
for its shareholders considerably over $1,000,000, of whioh nearly
$300,000 has been added to company's resources. Present earning
power will pay a substantial dividend on capita', stook, interest on
bonds, serial payments of principal, allowance for depreciation and additions to surplus. The old plant having been acquired iu 1903 by the
Sanitary District of Chicago, the oompany has ereoted on the Calumet
River near 104th Street an entirely modern milling plant capable of
viz.:

;

—
July

S,

THE CHRONICLE.

1905.]

a dally output of 4,000 barrels of flour, as agalust 1,350 barrels of
After completing this transaction, the condition
fliur at the old mill
of the company will be [about] as of Jan. 1, 1905: Plant, $373,186 ;
material (raw and manufactured), $124, 558 ; oasb. bills and aooounta
receivable, $101,804; mill-brands, trade-marks and other aosets,
bonded
$182,007; t >tal, $721,553. Offset* Capital stock, $<>00,000
surplus. $5,820.
debt, $175,000: aooounts payable, $40,722
Haeklns <fe Sells on April 17, 1905, oerutled For the la-t two tlsoal
years of operation [of old plant], viz , 1901 and 1902, the earning*
were $76,390, averaging $3S,198 per annum. Total assets, exoluslve
of patents, good-will and otherlntanglb'e assets Jan. 1. 1905, $613,613.
:

;

;

:

The $25,000 additional bonds [completing the $200,000] may be issued for new machinery at not to exoeed one-third of aotual oa'h eost
of same, and they shall be payable In annual Instalments equally pro
rat«d over the unexpired portion of the 14-year term.
R. S. Johnson ia President.

Tennessee Copper Co. New Stock Offered.— L^wisoho
Brothers. No. 11 Broadway, New York City, are receiving
subscriptions for 25,000 shares of treasury stock at par, $25
per share, payable 20 p. c. thereof on application and the balance on or before Ang. 10, 1905. The proceeds will be used
for betterments and improvements. The present offering will
make outstanding tbe entire $5,000,000 of share capital.
Report.— The results for the year 1904 compare as follows:
Total
Int. t£ Depreeia'n
Copper
Net
Tons
sales.
pro/Its. discount, account, profits.
Calendar
produced.
year.
$
$
$
$
$
30,000
60.000 136,996
1904
241,865 1.077.693 266,996
32,500
60,354 417,565
284,202 1,559,082 500,419
1903
760,450 303,013
39,258
32,645 231,109
1902
A dividend of 5 p. o. ($1 25 a share) on the issued stook, amounting

A

dividend of like amount was
to $218,750, was paid Jan. 29, 1904.
paid ont of the accumulated profits on Jan. 25, 1905. On July 1, 1904,
$50,000 of the money oarrled in the reserve aooount was applied to
the purchase of outstanding bonds at par, reduolng tbe bonded debt to
$450,000. The sum of $113,890 was expended during 1904 in new
construction. Profit and loss surplus Deo. 31, 1904, $166,396— V. 78,
p. 992.

Texas Land & Immigration Co.— Soli.

— At

a foreclosure

sale at Velasco, Tex., on June 7, the property was bid in by
E, D. Dorchester for the bondholders, lor $20,000.— V. 79, p.
2152.

Texas & Pacific Telephone Co —Bondi Offered.— B.. Preserved Smith, No. 11 Wall Street, is offering at 95}£ and interest $40,00) first mortgege sinking fond 6 p. c. gold bonds
of tne Texas & Pacific Telephone Co., which has made a direct connection with the South "Western Telephone & Telegraph Co. (Ball system) under a contract by the terms of
which neither company is to invade the territory of the
other.
A circular says:
Bonds dated Aug. 1, 1904. due Aug. 1, 1924, bat subject to call at
105 and Interest after Aug. 1, 1909; coupon payable Feb. 1 and
Aug. 1; North Amerloan Trust Co. of New York, trustee. Company
incorporated In Jaly, 1901, under the laws of Texas, and by consolidation and construction has over 400 miles of telephone lines in and
connecting Colorado. Tex., with Sweetwater, Merkle, Abilene, Snyder, Rosooe and Light, etc, in eight counties of Central Texas along
the Texas & Pad Mo RR. Capital stook, $40,000, of whioh $7,000 is in
the treasury. For the year 1904 the lnoome was $18,215, against $12.659 in 1903; profit over expenses $9,460, against $7,605. Annual
sinking fund, $1,400. Telephones in use, 995. Rates $1 50 to $2 50
per month, unlimited oalls. No competition. Total population of territory served about 25,000.

United Shoe Machinery Co.— Time Extended.—The United
Shoe Machinery Corporation has extended until July 12, inclusive, the time in which it will purchase the shares of the
old company on the basis heretofore announced ( v. 80, p.
1862), viz,: For the preferred stock $ for $ in new preferred,
and for each $25 share of old common $87*50 in new common.

:59

The option of the shareholders of the Rubber Goods Company to make this exchange expired on June 15, and the
United States Rubber Co. now owns $5,188,000 of the $9 051 400 preferred and $18,932,000 of the $16,941,700 oommon

company.— V. 81, p. 36.
Testa Coal Co.— Acquisition— Mortgage.—This company,

stook of that

&

Laughlin Steel Co. of Pittsburgh,
a subsidiary of the Jones
recently purchased some 9,600 acres of ooal lands in Washington and adjacent counties. Pennsylvania, for a sum currently reported as about $3,0)0,000. The company was understood already to own some 6,000 or 8,000 acres adj Mning
the tracts recently acquired. On June 26 a mortgage amounting to $2,880,000 was tiled to J. V. Thompson, Isaao W. Seamans and James
Barnes, as trustees. Compare article in
"Engineering and Mining Journal" of June 80, 1904; also
Laughlin in Chronicle of Aug. 2, 1902, page 242.
Jones

R

&

Western United (Jus & Electric Co. of Aurora, Etc., 111.—
Mortgage. —This company has filed a mortgage to the American Trust & Savings Bank of Chicago, as trustee, to secure
$5,000,000 of first mortgage and refunding 5 p. c. gold bonds
due Feb. 1, 1950, but redeemable at option of company Feb.
President Ira Clifton Copley of
1, 1915, at 103 and interest.
Aurora, under date of July 5, writes:
Although a consolidation of the Fox River Light. Heat <fe Power Co.
(V. 7«, p. 1311), the Joliet Gas Light Co. (V. 76, p. 976), the ElginAmerican Gas Co. and La Grange Gas Co. (V. 76, 755) was completed
in February of this year, we found that one of our stockholders had

given us a bo^us proxy, with the express intention of ultimately holding up the oompany tor an outrageous price for his stock. This we refused to pay, as the only reason for so doing would be to save the delay accompanying the regular legal notloe. We therefore bsgan all
over again, and have now completed our consolidation and again filed
the certificates with the Secretary of State Jane 12, 1905.
The right to eell eleotrlolty was t»ken out of the charter of the Joliet
Gas Light Co. and also of the Elgln-Amerioan Gas Co., bat was left In
the charter of the Western United Gas & Eleotrlo Co. and it is now
selling eleotrlo current.

The oompany has

issuea

first

mortgage and refunding bonds

in

an

authorized amount of $5,000,000; of this amount 8500,000 is set aside
to take up underlying bonds of the Fox River Light, Heat & Power
Co. (with its name chaDged to Western United Gas <k Eleotrlo Co.);
$600,000 is to take up underlying bonds of the Joliet Gas Light Co.;
S140.COO to take up underlying bonds of the Elgin-American Gas Co.;
$245,000 to take up underlying bonds of the La Grange oompany;
$700,000 to be set aside for building a plant, and about $300,00!) are
set aside for taking up the present floating indebtedness.

"All the underlying bonds will be taken up just as fast as
the option clause allows, or just as fast as they can be purchased at favorable rates." See also V. 80, p. 875.

Wheeling (W. Va.) Potteries Co.— Bonds.— The shareholders on June 20 authorized an issue of $80,000 of 5 p. o.
bonds, of which a portion are for fire-sprinklers and the remainder for funding floating debt. The company has been
paying quarterly dividends at the rate of 6 p. c. per annum
on its capital stock ($1,000,000) for two years or more. The
bonds have all been underwritten.
The company was incorporated In West Virginia on Nov.
and on Jan.

12, 1902,

1, 1903, took over the plants of the following companies
Riverside Pottery in North Wheeling, which manufactured sanitary
ware exclusively; Wheeling Pottery in South Wheeling; Vance Falenoe
Pottery in Tiltonsvllle, Ohio, whioh manufactured fine art ware and
novelties. The factories, it was said, included 27 white -ware kilns
and 20 decorating kilns.
Directors at last aooounts: President, C. W. Fianzheim; VloePresldent, George
Wheat; 8eoretary, W. A. Isett Assistant Secretary, W. J. Mays
Harry O. Franzhelm. J. J. Holloway. William AWilson, Joseph Speidel, Wm. F. Stlfel, George Wise, J. A. MlUer and

:

K

;

;

As the old stocks are selling ex-dividend, the only cash pay- William Klrbaoh.
ment is now 25 cents per share on the common, this repreWoburn (Mass.) Light, Heat & Power Co.— Sale. — See
senting the distribution on the amount of common issuable Edison Electric Illuminating Co. of Boston above.— V. 76, p.
in excess of the amount of old common exchanged therefor. 928.

—V.

80, p. 2456, 1922.

United States Leather Co.— Nito Securities Beady Jaly 10.
—See Central Leather Co. above.— V. 80, p. 1427.
United States Mining Co.—Acquisition. The circular

—

sent to the shareholders respecting the increase in oapital
stock recently authorized says:
Your company has already purchased a controlling interest in the
DeLamar Copper Refining Co., and the proceeds of the sale of this
stock will be used for the payment of such control and for further extensions of the refining and smelting interests of your company. It is
the opinion of your directors that the new money thus invested will
earn at least 8 p. c. per annum, a rate whioh the present earnings of
your company lead your dlreotors to believe can be paid hereafter.—
V. 80, p. 2463.

United States Rubber Co.—Dividend— Earnings.— The

di-

rectors on Thursday, when declaring the regular quarterly
dividend of 2 p. c. upon the preferred stock, payable from the
earnings for the quarter endiDg June 3), 1905, reported the
approximate results for the three months in comparison with
those for the same period of 1904 as follows:
RESULTS FOR QUARTERS ENDING JUNE 30, 1905 AND 1904.
1905.

Net earnings (June, 1905, partly estimated)
Ragular quarterly dividend, 2 p. c. on pref

1904.

$966,751 $866,510
470,510 X470.510

Balance (approx.), surplus for period
$190,241 $396,000
extra 1 "* p. c. paid in May, 1905, brought the quarterly rate
for 1904-05 up to 2 p. o.
Dividends on the new preferred stock issuable in exchange
for the preferred stock of the Rubber Goods Manufacturing
Co. began to accrue July 1, 1905.
Purchase.— Under the circular of May 27 there was offered:
For each $100 par value of the preferred stock of the Rubber Goods
Manufacturing Co., $100 par value of the 8 p. o. non-oumulatlve llrst
preferred stock of the United States Rubber Co.
For each $100 par value of the oommon stock of the Rubber Goods
Manufacturing Co., $50 par value of the 6 p. o. non-onmulatlve seoond
preferred stock of the United States Rubber Co. [See advertisement
on page xlll. of Chronicle of Jane 3, ly05; also V. bO, p. 1977.]

x An

—A

number of bonds to pay from 5 to 5}& per cent are advertised in this issue by F. J. Lisman
Co., under the heading "Investments to Pay Five Per Cent." In this connection
Messrs. Lisman
Co. have issued a circular giving comparative prices of a number of issues sold by them some years
ago and quotations at this date, the latter being from 11 to
34 points higher than at the time the bonds were placed, and
calling attention to the fact that the average rate of interest
was. In addition, over 6 p. c. during the time covered by the
table. An argument for the purchase of the securities recommended is the feature of their business requiring the study
of intrinsic value underlying the security irrespective of the
strength or standing of the obligor— good bonds on safe and
growing properties being preferred to obligations of wellknown corporations. Assuming correct judgment, broadening markets, better knowledge of the security and demonstration of value result in steady enhancement in price. "Parallel columna" are'used to emphasize the advantages of railroad
bonds as investments. Of the issues advertised to-day, one

&

&

company, It is claimed, earns double its Interest; one company earns at the rate of 20 per cent on its preferred stock,
and others considerably in exoess of charges.
—An attractive list of bonds for investment is advertised
in this issue by N. W. Harris & Company, comprising issues
of State, county, city, steam railroad, street railroad and
light and power securities, to net from three to fonr and
three- quarters per cent.

Circulars describing in detail these

and many other attractive Issues of bonds, netting from three
and a-half to 5 per cent will be mailed upon request.
—The bond house of J. F. Wild & Co., of Indianapolis,
Ind., has been Incorporated under the new Indiana private
banking law, with a capital of $25,000. The bond business
will continue to be a prominent feature, but the institution
will also engage in a commercial banking business.

THE

160

CHRONICLi:.

3£kc i&omnizxtml %xmts.
COMMERCIAL EP I T O MET
Friday Night, July

Owing

7, 1905.

to the Interruption of a holiday, the business

week

COTTON.
Friday Nioht, July 7, 1905,
as indioated by our telegrams
given below. For the week ending

The Movement op the Crop

from the South to-night Is
evening the total receipts- have reached 62,152 balea,
against 72,894 bales last week and 68,274 bales the previous
this

has been a comparatively short one. The general condition
of business has undergone no important changes. In most
lines tbe usual mid-sammer quietness is now being experienced, but an undertone of confidence continues to prevail,
the outlook being considered promising for active trading
wiht the opening of the fall season. Returns from the iron
trade have reported a steadier tone to that market, but business is still quiet. In the speculative markets there has been
exceptional activity to the trading in cotton and at a sharp
upturn to prices, based on the monthly report of the Govern-

Pt.Arthur,Ao
STew Orleans...
Mobile

ment's Agricultural Bureau.

Pensaoola,

week, makiug the total reoeipts sinoe the 1st of Sept., 1904,
9,489,4C6 bales, against 7,064,470 bales for the same period of
1908-4, showim? an increase since Sep.l, 1904, of 2,424,936 bales,
at—

Receipts

Lard
Ooo?a

bags.

bags
Ooffee, Brazil
Ooffee, Java, <fco. ....... ...mats
...bags.
Oo tree, other

Sugar
Molasses, foreign

hhds.
bags, Ao.
hhds.

No

Hides
Cotton
Rosin

bales
bbls.

bbls.
Spirits turpentine....
....bbls.
Tar............
bags.
Rice, E. I
Bice, domestic ....... ..pockets.
..bags.
Unseed....
bags.
Saltpetre....
Manila hemp.... .........bales.
bales.
bisal hemp
bales.
Jute butts
Flour
bbls. and eaoks

1,

1905.

1905.
tcs

Sugar..

June

1,

12,986
22,000
3,475,994
114,166
383,733

11,522
18,000
3,680,673
120,666
395,716

370

259
782,006
None.

1,015,563

None.
19,900
125,452
13,411
1,140

July

I,

1904.

9,000
26,000
2,324,776
113,745
443,944
None.
264,015

400

2,021

6,138

1,196

439

1,319

402

3,000
160

2,557

9

49
162

1,644

729

212

136

220

241

909

1,308

tri.

Total.

2,589

4,709
1,294
1,893

21.786
1,294
11,297

60

164

844
162

3,449

•1

3,608

2,869
1,068

14

300

223

12,299
1,068
1,024

518

173

404

1,656

1,259

1,537

1,118

8,684

398

398
80

289
486

1,129

9,727 14,415

62,152

Ac

Brunsw'k, Ac
Charleston
Pt. Royal, Ac.
Wilmington....
Wash'ton.Ac.

149

2,553

N'p'tNews.Ae.
New York.

80
184

Tot. this -week.

106

2,081
2,100

6,049

•a

45

48,000
None.

627

44,528
1,026
None.
107,500

7,473' 10,342 14,146

486
45

10,579

The following shows the week's total receipts, the total since
and the stocks to-night, compared with last year.

Septc 1, 1904,

1904-05.

310
None.
96,500

Lard on the spot has continued to drag, and under moderate offerings there has been an easier turn to prices. The
close was flat at 7-25c. for prime Western and %'l^c. for prime

for refined lard has shown no improvement and prices have weakened to 7 "300. for refined for the
Continent. Speculation in lard for future delivery has been
moderately active and prices have declined under a material
increase in stocks the past month and selling by packers.
The close was quiet and easier.
DAILY CLOSING PRICES OF LARD FUTURES IH CHICAGO.
Ihurt, Fri.
Wed.
Tuei.
Mon.
Sat.
7-02i«
715
7-27ia
7 05
Julydel'y
7*20
7-25
7-S2>«
7-47 * Holiday Holiday
Sept. del'y
732ifl 7-27i«
7-40
7-52»«
Oct. delivery
City.

4,480

779

69

None.
70,800

3,242

550

None.

1,932

Wed.

Boston.........

10,000
57,691
18,613

1,142
1,443
2,000
30,000

None.
548
51,955

Toes.

\

Baltimore
Phlladelp'a,Ae

15,500
136,154
5,255

1,059
3,000
50,000

Thun.

Mon.

Sat.

Galveston.

Savannah
July

Stocks of Merchandise.

lxxil

[Vol.

The demand

Receipts

July

1903-04.

Stock.

to

This
week.

7.

Since Sep,
1,

1904.

Galveston...

21,786 2,658,401
Ar.,Ac
1,294 288,822
New Orleans 11,297 2,578,413
Mobile.. ..
844 312,113
P'saeola, Ac.
162 199,776
Savannah. . 12,299 1,745,538
Br/wlok, Ac
1,068
195,757
Charleston..
1,024 213,960
P. Royal, Ac
902
Wilmington.
1,566 356,832
Wash'n, Ao.
122
Norfolk
8,684 729,673
N'portN.,«Jte
398
25,640
32,399
New York...
80
77,053
Boston
1,129
486
61,536
Baltimore.
Phlladel.&c
45
12,969
Pt.

This
week.

Since Sep
1, 1903.

1905.

1904.

81,198

6,261

75,617

65,264

5.8S8

533

1,603 1,137,723

32.382

16,424

120,760
155,277

7,955
3,765

909

4,774

286

22,927

6,598

1,338 2,334,848

104,029
4,033 1,972,201
162 198,399
1.802 132,479

98

1,282

16

321,183
336
472,239
21,485
17,811
30,152
29,964
14,297

794
398
103
63
73

Pork has had a fairly free sale and prices for mess have
127,365
55,504
been advanced, closing at |13 50@14 25. Cut meats have
3,244
2,132
been neglected. Tallow has held steady at i%Q„ with limited
4,786
1,343
Cotton-seed oil has been fairly active and
sales reported.
2,134
886
higher, closing at 28}£c. for prime yellow. Butter baa been
Totals
62,152 9,489,406! 10,483 7,064,470 372,043
156,140
in full supply and prices have been easier, particularly for
the lower grades. Cheese has been quiet and easier. Fresh
In order that a comparison may be made with other years,
eggs have been in fair demand and steady.
we give below the totals at leading ports for six seasons,
Brazil grades of coffee have met with an imprcving trade
1904.
1903.
1902.
1901.
1900.
demand, and as sellers have been holding firm, prices have Receipts at— 1905.
advanced slightly. The close was steady at 7^c. for Rio Galves'n, Ac.
697
23,080
1,338
664
7,967
336
No. 7 and 8J^c. for Santos No. 4. West India growths have New Orleans
11,297
9,735
2,385
4,033
12,608
14,385
demand, and have sold at steady prices,
been in more active
844
284
2,720
162
58
426
closing at 9@9^c. for good Cucuta and lC%@llc. for good
461
1,642
12,299
1,603
6.837
3.257
in the market lor contrac's has Savannah
average Bogotn. Speculation
110
26
985
1,024
98
2,067
been more active. The continued firmness of Brazil brought Chas'ton, Ac.
58
17
302
1,556
16
158
buyers to cover contracts and there Wllm'ton, Ac
shorts into the market as
338
1,022
Norfolk
8,634
794
4,664
2,880
also has been some investment buying, Cloee quiet but steady.
268
497
623
398
398
107
N. News, Ac.
Following were the closing asked prices
. .

:

July

66O0. .Oct

Aug....

6-70e.
6-80o.

Nov

6-90o.
6-95o.
7-05o.

>

i

Jan
Maroh

7-15c.

May
7-35o.
!Deo
sugars have continued to meet with only a limited
demand, and as foreign advices have been weaker, prices have

Sept

!

Raw

yielded to 4ig0. for centrifugal, 96-deg.test, ana 8^0. for muscovado, 89-deg. test. Refined sugar in fair demand and steady
at 5-30c. for granulated. Other staple groceries qniet.
A firm market has continued to be rep orted for Kentucky
Tobacco. Sellers have been indifferent and declined to tkade
the full prices for which they hold. Business in seed leaf
tobacco has been quiet, but offerings have been light and
prices have been firm. Sumatra tobacco has been firmly
held at unchanged prices. Havana tobacco firm but quiet.
Cable advices have reported higher markets abroad for
Straits tin and the local market has been firmer in sympathy,
closing at 80 75@31'10e. Ingot copper has been fairly active
for forward deliveries, closing steady at 15c. for both Lake
and electrolytic. Lead has been in fair demand anri firm at
4 55@4 60c. Spelter has been in better demand and steady at
Pig iron close- d steadier but business was quiet; No.
5'30c.
2 Northern was quoted at $15 75@16 25 and No. 2 Southern
at $14 75@15 25.
Refined petroleum has been in fair demand and steady,
closing at 6 -90c. in bbls,, 9 "60c. in cases and 4o. in bulk.
Naphtha has been steady at lie. for 71 degrees and lie. for
76 degrees. Credit balances have been steady, closing at
Spirits turpentine has been in more active demand
l*27c.
and prices have advanced, closing at 62c. for machine bbls.
,

All others...

2,970

2,041

478

3.991

10,545

1,996

62,152

10,483

11,832

10,561

44,589

25,612

7 25c

Tot. this

wk.

Sinoe Sept

1

9489,406 7064,470 7612,293 7392,930 7416,587 6446,976

The exports for the week ending this evening reach a total
of 71,472 bales, of which 32,370 were to Great Britain. 1,474
to France and 37,628 to the rest of the Continent,
Below
are the exports for the

week and since Sept.

Week fining July 7,
Exported to—

Mxporti

from—

Great
Brit'n.i

France

1905.

from

1, 1904,

1, 1904, U July
Exported to—

Sevt.

Great
trance
Week. Britain.

Conti-j lotal

nent.

1906

Total.

14,454

15,e8ij 30,145 1,214,443 265,736

670.177 2,150,355

NewOrleani.

2,959

Mobile

6,816

61,3r5
9,063 1,064,8-1 354.281
70.166 43,327
7,488

102018 168,401
908,521 2,827,693
61,423
174,916

82,172
51,480

82,42;195,408
897,300 1,224,183
6,94 fi
157,282
74,617
77,993

aalyeiton
Pt,Arthur, &o,

Pemaoola,

300'

5,£05

570

110,908

*o,

8,205

JaTsnnali.,

8,266

275 394

,

Rosins have been more freely offered and prices have weakened to $3 50@3 55 for common and good strained. Hops
have been quiet but about steady. Wool less active but firm.

Continent.

7,

Bnmiwlok

150,338

Charleston...
Port Royal..

3,379

Wtlmington..
Norfolk
N'port N., Ac.
New York...

176,549
227

Boiton...
Saltlmore....
Philadelphia.
3an Fran., Ao.

Total
Total. 1003.0*

1,676

1,174

4,'J87

7.817
3,913

3.913

2,423

2.4S.3

150
2,310

32,370
12, SOI

1,474

160
2,210

20.275
318,218
187,565
131,339
57,537

9,654

159,046

11, lit'

8,407
2.27b

100
34,952
4,874

233.399
14,470
37,247
4.581

306,49b

345.248
22,750
22,651
596,568
202,035
178,260
62,168
308,498

37,628| 71,17* 8,842.553 800,500 3,549,35* 8,192,405

15.059

27,860 2.494,813 701,233 2,710,810 5.909.366

.

-

.
.

THK CHRONICLE.

.ll'LY 8, 1905.1

In addition to above exports, onr telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, whioh are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.

Hi

F0TURE8.—-HigM-st, lowest and closing
j
a
9 S 3

We

MAY—
APRIL-

March
Closing...

Range

Range

Closing...

Closing....

o£»o*aoS?c»;

October—
Closing...

Closing...

Range
HEI'TEMBER

lit

Pc^^DOtOSCOo^M

ID a>

ON SHIPBOARD, NOT CLEARED FOB—

jm m „!

Ser-

Orleans.; 15.147

2.923
4.700

OtKer OoattFor'gn wite.

O

1.356
1,350

Total.

•

Galveston
Savannah..

800

17,904

i

800

..

Charleston...

"200

8,700

Norfolk
York....

New

Other porta..!

"2OO

s'.ioo

14.714
7.500
5,900

8,2 IS
119,865
16,993

i".800

600

-i

!

300

l
1

'

HB

•

I

•

•

1

tcto

-j

1

toco

1

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coco

coco

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OCA

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WW
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COCO

C

©oo

a-i
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w-«

sue*

w»
MOO

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OO

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~a-a

«J03

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«•©

coco

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w*.

coco

co to

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COcc

81

1

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tnW

©-a

.

.

COCO

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•
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•

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1

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1

co

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.

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«a-i

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•

•

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•

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31

I

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•"l

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798

14.714

"900 i'obo

3,800
5,000

800

50,270
53,490
31.583
3.765

t

•

•

1

25.347
27,716

•

.

t

:

:

$lock

401
2,962

5.520

(l

3d

I'iOO-iJC

•

•

*

1

New

H

•

.

Leainny
Great
Britain

Y< )rk.
c.

—

July 7 at-

New

prices at

©

1

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W-J

coco

COCO

si

W-l

5

^5

W

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-ico

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•

1

Total 1905..

4,506

3.054
Total 1904. J
Total 1903.. 10.500

....»•

87,077

284,966

4,379
4,000

43,851 11,823

|

8,480 19.077
4,817
7.450

4.893

17,143
22,483

138,997
828,143

533

Speculation in cotton for future delivery has been urns
ually active, there being at times exceptional excitement to
tbe trading. The feature of the week was the monthly report of the Government's Agricultural Burean, which was
issued at noon Monday, July 3d, and placed the average condition of the crop at 77, against 77*2 the previous month.
This was lower than generally expected, it being the current
belief that as a result of the better weather experienced during Jnne the condition of the crop would show an improvement; consequently when the report was received indicating
a slight decline in the condition, there was a wild;rush to buy,
shorts being anxious to oover their sales, and there was »d
active investment demand. Within a few minutes after
the report had been made public the prices advanced
The contention of the bull
one cent per pound.
Bnreau report foreshadows a
that the
is
interests
bales, and
this
they
10,250,000
of only about
crop
claim, deepite the surplus whioh will be carried over
from the present crop, makes possible a serious state of
affairs as to supplies for the cotton-goods trade for the coming eeasoD, in view of the rapidly increasing consumptive
requirement. During the week the advance in prices was
The bull speculation was rampant and the
continued.
weather corditionss in the Southwest were reported not
favorable, ccmplaints being received from some sections ot
too much rain and frcm others of hot winds. To-day there
was an unsettled market. The opening was at lower prices,
due to disappointing advices from Liverpool, that market, it
was understood, being irfluenced by free off erines of cotton
from the South. Subsequently bull support was given the
market and the early loss was recovered. DuiiDg the afternoon the market again weakened under bear pressure, but
rallied toward the close.
Final prices were very steady at a
net loss for the day of 6 & 10 points. Cotton on the spot
has advanced, closing at lo'90 c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:

UPLANDS.

Sat.
9 00

^.

Good Ordinary

Low Middling

..

Middling

Good Middling
Middling Fair

9 80

962 ilO-42
1000 10 80
110-44 111-24
I1096 111-76

..

GULF.

Sat.

Good Ordinary

......

Low

9-25

,

Sat.

Middling

Low Middling

Tinged..

Good Middling Tinged

Vrt.

1010 1010

990

10-72 10-72

W
o
e
-

1052
1090

11-10; II'IO

li-64 il-54 111 31
12-06! 12-06 11-86

Wed

1035 1035 1C15
©

Th. Frl

10-97 10-97 10-7:

1135 1(15

11-35

5

11-79 11-79 lli-59
12-31 1231 112-11

Won Tuee Wed Th.

850 930
950 1030

Low Middling

Th.

M011 Tnea

llU-69 11-49
|ll-21 1201

STAINED.

Tom Wed

1005

!

987 10 67
1025 1105

Middling
Middling
Good Middling
Middling Fair

Strict

.Hon

9 66 10-16
10-00 il0-80

9 60

I

9*60

Frt
<

Holi- 10 60 10 60

10-76 10-76
11-10 11-10

day.

940
1040
10-56

!

1090

The quotations for middling upland at New York
Ju'y 7 for each of the past 32 years have been as follows.
1905. ...C 10 90

1105

1904

1897. ...0. 7 78

1889. ...O.llie

on

.

.

1881... .o.li

:

*

lfl

57ia

8POT Market
Closed.
Saturday

.

Monday

Futures

Markkt

Closed.

jniet, 15 pts.dc. iteady
c4ulet.8Opte.aci.

Tuesday

Wedneada

Total

...

Quiet, 20 pts. dc.
....

Export.

'.'.'.

Ooni.
spec

<£

& Contract
Contract,

Total.

1.107 12. OCO 13,: 07
RaII day..

Very steady

"30

8,500

8,5(0
30

1.187 20.H00 21.P37

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it,

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O

°
-a
w

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00
©

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w
CO
00
w
o
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00
The Visible Supply op Cotton to-night, as made up by
|

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cr

'

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^
©e> O© WW WW
•*>
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tsw ft©
5
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M
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00© •aw
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OC

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00 °l
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91

1

i
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1

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,

'

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
(July 7), we add the item of exports from the United States,
including in it the exports of Friday only.
1905.
1904.
1903.
1903.
etookat JLtJvairpcCfl..»«»,&aiei
841,000 452,000 492,000 759,000
Stook at Lonftau
13,000
13.000
14.000
13,000
stock at Manchester. ._
54,000
36,000
48,000
Total Great Britain stock. 908,000
501,000 554,000 772,000
dtook at Hamburg. _.._..„_
8.000
41.000
28,000
22,000
Bremen .... „_..^« 300,000 154,000 171,000
8tock at
99,000
stock at Antwerp
1,000
4,000
4,000
4.000
Stock at Havre— ^^.
109,000
124,000
125,000 124,000
dtook at Eattrsellles
3.000
4,000
3,000
3,000
Stock at Barcelona. ..
25,000
38,000
25,000
48,000
Btook at Gerioa.._
29,000
26,000
34,000
14,000
atook at Trieste
5,000
18,000
12,000
5,000
Total Continental stocks
477,000 412,000 402,000
319,000
Total European stooks
1,385.000 913,000
956,000 1,091,000
India ootton e.noi*t lor Europe
96,000 105,000
154,000
72,000
Amer.oottonafloatlorS'rope. 191,000 114,000
65.000 110,000
E»<ypt,BrazU,<Se., vSt.7or E'pe
26,000
25,000
26.000
21,000
o took In Alexandria, Egypt... 115 ,000
101,000
26 000
62.000
stock In Bombay, India. ..^_. 910,000 461.000 617,000 452,000
stock In United Statee porta.. 372,043 1S6.140 250,626
283,234
Stock In O. 8. interior towns.. 201,550
97.160
27,963
102,824
(Tnlted States exports to-day.
21.783
13,039
5.79 1
1,186
Total visible supply
3,318,376 1,985,399 2,113,775 2,199,849
Of the above, totals of American ana other descriptions are as fouowt:
l

.

.

771.0C0 328,000
47,000
28,000
outlnental stooks,
416,000 278,000
Uaerlcan afloat lor Europe..
191,000 114,000
alted States stook
372,013 156,140
.««,.,
ijlted Htateslnterlor stocks. 201,550
97,160
21.783
13,099
»itoa8»atesaxports to-day.
rotaihmerioan.._.
2,050 376 1,014,399
Jut! Indian, Bratil, <dt.124,000
•rpool stoofe...—
70,000
iOndoa stock
13,000
13,000
•ianohester stook
7,000
8,000
134 000
31.000
lental siooas.^. ^__
ndla afloat Tor Europe . ._.
96,000 105.000
25,000
26.000
igrpt Braall, Ac, afloat
Hook in Alexandria, Egypt.
115.000 101,000
'tonk in Bombay, India. ^_
910,000 461,000
rotai East India, Ac
1.268. OCO
971.000
Total American.. ..__
2,050 376 1,014,399
Total Visible supply
3,318,376 1,985, buy
Addling Upland, Liverpool..
6 36d.
6 Old.
I'.ddiiug Upland, New Vork..
11 25o,
10 90c.
)T*rpool<tJ0k.... .....baua.

.

._

JgvptGoodBrown.Liverpno;
"•ru». Rough Good, Liverpool

ijulet.cOpts. ad "ready

Thursday. Quiet
Friday,

Salks of Spot

l

Manchester stock.,

1113, B
105, 6
1880
1888
10i5 ie 1879
,11-60
1903.
123s
1887
7%
9ia
ll 7 ie
1902.
1878
9»4
1886
7\
10i«
1214
1901.
1877
1885
B*e
8
li*
1900.
76 16
lO^
1884
1H,8 1876
1899.
6 3 18
1875
153s
838
1883
10^
17i*
1898.
1874
12 78
lH»ia 1882
MARKET AND SALES.
The total sales of cotton on tne spot each day during the
we^-k 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.

1896
1895
1894
1893
1892
1891
1890

l

1

©o

-"»«b Flue, Liverpool
Tlnneve'ly Good, Liverpool...

9 Sod.

7 a8d.
10-50d.

tVd.

5"ie'l«

fe

7 ie'l

394,000
11.000
315,000
55,000
250.626
27,963

640000
262,000
110,000
283,231
102,824

5,791
1,186
1,084,775 1 406,849

93.000
14,000
7.000
87,000
154.000
26.000
26.000
617,000

119,000
13,000
51, OCO

72,000
21,000
62,000
452,000
793,000
1.02.1,000
1.0S4.775 1,406,819
2,113,775 2.199.S19

650d.

5d.

12-50o.

n^o.

9"i«d.

7 7 h!
7d.
4i'isd.
l^id.

s # 85d.
I>7
•

81

57,«d.
S^d.
t^ied
t3T Continental imports past week have Deen 49,000 b.<
Tne above figures for 1905 show a decreate from lam week
A 117,857 bales, m gain of 1,332,1177 bales over 1904, an exce.^ of
1,204,601 bales over 1903 and a gain of 1,118,527 oaleeover 1902.

THE CHRONICLE.

162
At the Interior Towns

movement — that

the
the shipments for the

the

week and since Sept. 1,
week and the stocks to-night, and the same items

receipts for the

—

corresponding period of 1903-04

2WWOQKZgQQW5«)<

is

is

for

the

set out in detail below.

PC

7.

Sat'day.

BOPPoP

.

Galveston.
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk

9?8

.

<s o> a>

2

OX!

LOSING Q DOTATIONS FOB MIDDLING COTTON ON —

Week ending

P?

H

o
a

o

•0

.

Baltimore.
Phlladelph'a
Augusta.....
.

St.

col
IU.

!
.

!
.

0=<l in"-*

10?8

10

10%
10%

104

101o

10%
10%
104

10%
1080
1088

9»io

11-10

10
10i«

9%

1015
1000
1025
9»s

9

1:i

9%

Louis

ie

90s
91*

Little Rock..

M OStO MWM CO 10W»03<1 lo 00 © tO
-qto©M*no©ooMO<tOOo©©©oo3©&ototocni(».'~'03to

"CO

1078

lOVi

9<>8

Houston
Cn
<1

10%

IOV2
10»e

9%

Memphis

CO"

Monday. Tuesday. Wed'day. Thursd'y Friday.

1

I

S«»Sp <"& P p

—

Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
July

"s2 2.52 2 » 2.0
SEBg! OS
2 P
p&p p
Si*
N

[Vol. lxxxi

U
©

1000
1105
10M

w

11-35

<<

lOHie

104
10%
10%

101*

9%

10i«
9>4

M©ODU>Wl(».«J-J©ODMCCCO©MtOW©00^-©ao©CO©©ao©

1100
11-35
lOSg
lOiiig

10%
10%
104

9*8

The dosing quotations to-day (Friday)

10%

10%
1110
1100
1115
105s

10H 18
10%
10%
10m

at other important

Southern markets were as follows.

to

MhCO
M ©
MtO
to
©tOtOC003MMOitOU»MtO©CD~4tO©»4WO«

*•t^t->
tO
05 «4 © H- CD ©JO © 03 05 05
©X -J j» tO © Ul tO 05 <» M *»• 00 *»• 03 * 03 W M <1 ©<|©MtOOOCO©COtOCON)
J>]
o>V"^ ©<o "to© ©"©"©"tow osaVco coV<> 05 ©V"^»Vco*«Ma<rco'<i©

Columbus, Ga. 104
Columbus, Miss 10%
.

©©0-©~JtO*»-CO©©tOl&-Oi03-JOO©<laiCO-jao<l©U<to©©M©03©-.r>

©
OI
©
Ol M to M Ol JO
©»©©©«J

;

I

M

*•©

W~4C00505COD»^4W,

tO«3MO;o©aOM»3M-

m M

03

»H
M M KOIH
tS
© '© <J 1" M M 03 ©V'"k- tO
00CD*.©O»J©CD000n«-*»
-J to
M 00 JO tO *» »J M © 03 W-J.03©

W M

V*****
W©'tO(£-'aC©'!l*-M©#>-'

03

>°*"°; i-T' M i'

*»•

*»
WM M tO_M|0 05

If-

r-1

*-•

^-«l

tO

»9 03

*

WW

*•

Sat'day,

sr

July 1

Range

.

Closing..

Range
p.

w

<1WM

v\

-

>q

O.

CO

•

oi

M 03
o oj oj at to

0303

£-

OtOkS. ©.

it*

.

:
.

fel

MM

M W
M
M H»-W*»-COCO~4tO©©aO©M|i:
tO
® *P
^ 2° ^^P^ P*? ^ i°Pj* <»J»J30<lpD g
© W© Wl m"-3 03 ©ao 05 w*- ©"coo © ~

<!©M«g03>-Mlf»-MtOMi—©<lCX©«aCJl|fkC0
<I ©JO *^^1P WJ* ©5° **
S^S
oo
M"to cnV oo 05<l *o os'bi'o ©<i

©©

Sept.—
Range..

03'
M!
*>;
©:
M. MOl.

'

M-3|
*-ie-'

'

5

1

1

©00l-lf>-*>-©O'M©O3©<l©©O30Oifi©<lO>0C.-qcOtOQD©©lf>.MO3©*.»
OlM00CCh-©00-Jt><lf-03t0M0O^tOCii-tI*»©t0W~jMO;0D*Kl<ltOJlt0

;

;

;

00'

"
;

:

;

;

•

tou*;

©CO

M m
03' WOUO
on©
ww©; 00 00 tO
MMtO'
03

;

;

000303

To
!

;

<IM

1

;

mm
wu w

Tow

109, a

10%

Shreveport

109jg

Monday, Tuesday, Wed'day, Thursd'y Friday,
July 5.
July 3.
July 4.
July 6.
July 7.

9-57 •66 9-47--59
9-61 6310-51--53

10-55--93 10 55-83 1061--78
10-53--55 10-82--84 10-68--69

9'56--64 9B2--48
9-58--S9 10-48--49j

1061--70 10 81
10-60-70
10-50-51 10 81--83 10-65--67

August—
Closing..

*3,

10

Nashville

July—

MWH*-VooVffi CC"lP>Cc"tO 03©'*gV tO tO M Oi *© <l"<l OD 00 Oclo"<l -5
w^)tO©otOM©tooo©<i*».ooco<i©cotoaito©MiJKiMtOQo~Jtn©Mr-'
©vjOi©©©tOi>3CCt0t003©©»aC©CO00WOI©0D©©tf^3<©»qOltOM©
tO

w'tfk

Natchez
lOSja
Montgomery.. lOUie Raleigh
Louisville

New Orleans Option Market.—The highest, lowest and
dosing quotations for leading options in the New Orleans
ootton market the past week have been as follows.

W^v|O»-tC-JJiOKOHt0Uk3N) l0vK0WW<B00»a5^NOO>-Ci;i(-S
to

104

Atlanta

OQ

Closing..

9-66-69

952--57

9-5B--58 10-50--51

Octob'b-

10-60-90 1055--79 1062--63
10-50--51 10 81--83 10

64-66

ft

9-40-53

Range..

949--67

Closing..

9-53--54 10-46--47

Dec'beb—
Range .. 9-55-70
Closing..

w
c
c

10-47--87 1050- 80 10-55--73
10-47-48 10-78- 79 10-63-64

9-44--57
9-57--S8 10 51--52

10 40--52 10-56--86 1059--77

Firm.
Steady.

Irregular
B'rly st'yl

10-52- 53 10-83--84 10-68--69

Tone—

ee
to^oo; co*»toto oow;
tO W <l CO- C£0;Oia03|*.©tO. *-G0W(f-©

*3

Spot
Options.

Quiet.
Steady.

Firm.
Firm.

Easy.
B'rly st'y

Weather Reports by Telegraph.— Reports to us by telegraph from the South this evening denote that the weather
OJ
03 03
03; W
W M OOMMtS
JO 05 OOJS
has been favorable in the main during the week. Rain has
KM
03 03M<JOI
03M<JUl '*^©bT»"-a'ao"toO^Ol O3030D*.<J©Cn©O503©M
©©MtOMW-JOOlf'pb-OO^^lOS; W000303003M©©0103<1 00u
©aol
fallen in most districts, but as a rule the precipitation has
©<1.
tOtOl^.©^0000©t>lM©MM©03. 0©tOtO«4<101W©<IOOC71
been light or moderate, although from portions of Tennessee,
The above totals show that the interior stocks have de- Arkansas and Mississippi there are complaints of too much
creased during the week 15,749 bales, and are to-night 104,390 moisture and grassy fields.
bales more than same period last year. The receipts at all the
Galveston, Texas.—The week's rainfall has been fifty-seven
towns have been 37,691 bales more than same week last year.
hundredths of an inch, oa one day. Average thermometer
Overland Movement for the Week and Since Sept. 1.— 83, highest 86, lowest 78.
Abilene,
week's
has been twelve nan
We give below a statement showing the overland movement dredths of Texas.—The one day.rainfallthermometer has averan inch, on
The
for the week and sinoe Sept. 1, as made up from telegraphic
and the lowest
reports Friday night.
The results for the week ending aged 81, the highest being 102 had showers on64.
Brenham, Texas. —We have
three days of
July 7 and since Sept. 1 in the last two years are as follows.
the week, the rainfall being seventy-six hundredths of an
inch. The thermometer averaged 82, ranging from 73 to 90.
1904-05.
1903-04.
Corpus Christi, Texas. There has been rain on one day of
July 7.
Since
Since
the week, the rainfall reaching one hundredth of an inch,
Week.
JVeefc.
Sept. 1.
Sept. 1.
Thermometer has ranged from 75 to 92, averaging 84.
Shipped—
Cuero, Texas.— Rain has fallen on three days of the week,
Via St. Louis....
3,868 591,850
1,558 505,479 the rainfall being one inch and fifty-three hundredths.
Via Cairo
474 251,313
1,986 327,956
Via Rock Island
536
52,462
83
13,731 Average thermometer 82, highest 94, lowest 70.
Dallas, Texas.— We have had rain on four days of the past
620
99,845
496 120,153
Via Cincinnati
668
57,907
29
31,732 week, the rainfall reaching one inch and eighty-five hunVia other routes, &c...
261 195,050
6,107 340,606
The thermometer has averaged 78, the highest
dredths.
s'SS

*>.

lf»-

1

—

Deduct shipments —
Overland to N. Y., Boston,

13,785 1,470,626

2,901 1,117,458

239

111

183,957
35,629
56,430

730

92,224
30,963
97,584

5,694

276,016

969

220,771

1,740
3,843

<fec.

Total to be deduoted......

Leaving total net overland*.
8,091 1,194,610
1,932 896,687
Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 6,091 bales, against 1,932 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 297,923 bales.
'

1904-05.

1903-04.

In Sight and Spinners'
Takings.

Week.

Receipts at ports to July 7
Net overland to July 7
Southern consumption July

Since

Sept

62,152 9,489,406
8,091 1,194,610
44,000 1,888,000

...

7....

114,243 12572016
15,749 133,890

Interior stocks in excess

*

Came into sight during week. 98,494
Total in sight July 7

10,483 7,064,470
1,932 896,687
40,000 1,837,000
*

52,415 9,798,157
10,743
85,558
41,672

7..

9,883,715

21,072 2,196,073

370 2,075,412

Week—

Sales.

12...
i
13.............

50,047
39,166
66,400
40,690

Ing 80,
Luling, Texas.— Rain has fallen on two days of the week,
the rainfall being fifty-two hundredths of an inch. Average
thermometer 81, highest 92, lowest 70.
Nagodocfies, Texas. The week's rainfall has been two
The therinches and ninety hundredths, on four days.
mometer has averaged 78, the highest balng 90 and the
lowest 65.
have had rain on three days during
Palestine, Texas.—
the week, the precipitation being one inch and forty -eight

—

into sight in previous years.

1903-July 10
„
1902-July 11.....

1901- July
1900- July

Since
Sept. 1.

12711906

North, spinners' tak'gs to July
Deorease during week

Movement

Week.

1.

being 91 and the lowest 64.
Fort Worth, Texas,—There has been heavy rain on four
days during the week, the rainfall reaching three inches and
fifty hundredths.
The thermometer has averaged 77, ranging from 64 to 90.
Henrietta, Texas.— Rain has fallen on two days of the
week, the rainfall being one inch and twelve hundredths,
The thermometer has ranged from 63 to 97, averaging 80.
Huntsvilli, Texas.— The week's rainfall has been ninetyfour hundredths of an inch, on two days, Average thermometer 79, highest 94, lowest 64,
Kerrvills, Texas,— It rained on one day during the week,
the precipitation reaching six hundredths of an inch. The
thermometer has averaged 83, the highest being 96 and the
lowest 70.
Lampasas, Texas.— There has been light rain on two days
of tbe week, the precipitation reaching thirty-eight hun- •
dredths of an inch. The thermometer has averaged 83, ranging from 67 to 96.
Longview, Texas.— It has rained on three days during the
week, the rainfall being two inches and sixty-four hundredths. The thermometer has ranged from 65 to 95, aver-

Since Sept.

1—

Bales.

1902-03-July 10
10,500,542
1901-02—July 11
10,122,438
1900-01-July 12.. .....10,116,669
1899-00-July 13
8,890,546

We

.

|

July

THE CHRONICLE

S, 1905.

hundredths. The thermometer has averaged

80,

rangiDg lrom

66 to 94.
Paris,

Texas.— There haa been rain on three daya during
the week, the rainfall being one inoh and forty-eight hundredths. The thermometer haa ranged from 66 to 92, averaging

Movement from all Ports.— The

India Cotton

Average thermometer 78-0, higheat 89-7,
hundredths.
lowest 65'3.
Weatherford, Texas.— We have had rain on three daya the
past week, the rainfall being two inohea and fifty-nine hundredths. The thermometer haa averaged SO, the higheat
telng 95 and the lowest 65.
Shreveport, Louisiana.— Rain haa fallen on two daya of the
week, the rainfall reaching seventy-two hundredths of an
inoh. The thermometer has ranged from 64 to 91 averaging 78.
Nete Orleans, Louisiana. We have had rain on three days
of the week, the rainfall being eighty- five hundredths of an
inch. The thermometer has averaged 82.
Leland, Mississippi.—The week's rainfall has been one inch
and forty- five hundredths, on five days. The thermometer
has averaged 76 6, the highest being 88 and the lowest 68.
Vicksburg, Mississippi.— Too much rain. There haa been
rain three daya during the week, the rainfall reaching two
inches and fifty six hundredths. The thermometer haa averaged 78, ranging from 65 to 91,
Helena, Arkansas.— Cotton is growing too rank and is not
fruiting well. All loose labor of the city has gone to help
cultivate. Rain has fallen lightly on three days of the week,
to the extent of alxty-two bundredth8 of an inoh. Average
thermometer 71*5, higheat 91, lowest 66.
Little Rock, Arkansas.— We are having too much mois*
Crops are very grassy but growing rapidly. It has
ture.
rained on three days during the week, the precipitation
reaching sixty hundredths of an inch. The thermometer
haa averaged 76, the higheat being 89 and the lowest 62.
Nashville, Tennessee. Continued rains are interfering with
crop work. We have had rain during the week, the rainfall
being one inch and twenty hundredths. The thermometer
has ranged from 66 to 90, averaging 78.
Mobile, Alabama.— Crop reports are generally favorable.
Cotton is fruiting well, but there are some complaints of
grass and too much rain. The week's rainfall has been one
inch and thirty-nine hundredths, on four days. Average
thermometer 82, highest 93, lowest 67.
Montgomery, Alabama.— With beneficial seasons outlook
continues satisfactory. We have had rain on two days of the
past week, the rainfall reaching eighty-six hundredths of an
inch. The thermometer has averaged 92, the highest being
94 and the lowest 68.
Madison, Florida.— We are beginning to hear complaints
of shedding. There has been rain on three days during the
week, the rainfall being two inches and twenty five hundredths. The thermometer has ranged from 70 to 90, averaging 80.
Augusta, Georgia.— Crops are improving. The week's rainfall has been one inch and eight hundredths, on four days.
Average thermometer 82. highest 98, lowest 70.
Savannah, Georgia.— It has rained on two days during the
week, the precipitation reaching ninety-two hundredths of
an inch. The thermometer has averaged 82, the higheat
being 93 and the loweat 72.
Greenwood, South Carolina.— Rain has fallen on two days
of the week, the rainfall being seventy six hundredths of an
inch. Average thermometer 80. highest 89, lowest 71
Stateburg, South Carolina. — Rain this week has been very
refreshing, but more is needed around here. The week's
rainfall has been fifty- eight hundredths of an inch on four
days. The thermometer has averaged 80, the highest being
98 and the lowest 66.
Charleston, South Carolina.—It has rained on three daya
during the week, the rainfall being twelve hundredtha of an
inoh. Thermometer has ranged from 75 to 91, averaging 81.
Charlotte, North Carolina.— Conditions are all that could
be desired. We have had rain during the week to the extent of one inch and seventy-five hundredtha. The ther mcmeter haa averaged 79, ranging from 68 to 95.
The following atatement we nave also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. July 7. 1905, and July 8, 1904.
,

—

—

July 7,

'05.

Feet.

Orleans

Memphis
Nashville

Bhreveport
Vicksburg

Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.

123
231
113
209

..Above zero of gauge.

29-7

8, '04.

July

Feet.

133
170

40

178
317

Egyptian Cotton Chop.— Messrs. Choremi, Benachl

&

1904-05.

at—

Receipts

Week.

Bombay.

1903-04.

Since

29,000 2,565,000

For

1902-03.

Since

Week.

Sept. 1.

the Week.

Since

Week.

Sept. 1.

17,000 2,079,000

Sept. 1.

30,000 3,424,000

Since September

1.

Exports

from—

Great

Continent.

Total.

1,000
1,000
1,000

20.000
3,000
18,000

21,000
4,000
19,000

20,000
94,000
76,000

354,000
851.000
855,000

374,000
945,000
931,000

1,000

1,000
2,000
3,000

2,000
2,000
3,000

3,000
4,000
4,000

37.000
42,000
37,000

40,000
46,000
41,000

1,000
1,000

1,000
1,000

3,000
10,000
7,000

13,000
34,000
15,000

16,000
44,000
22,000

1,000
2.000
2,000

7,000
6,000
4,000

8,000
8,000
6,000

10,000
19,000
22,000

206,000
245,000
141,000

216,000
264,000
163,000

3,000
3.000
3,000

28.000
12,000
26,000

31,000
15,000
29,000

Britain.

Great
Britain.

Continent.

Total.

Bombay—
1904-05..
1903-04..
1902-03..

Calcutta—
1904-05..
1903-04..
1902-03..

Madras—
1904-05..
1903-04..
1902-03..
Ill

others—

1904-05..
1903-04..
1902-08..

Total all—
1904-05.
1903-04.
1902-03.

36,000
610,000
646,000
127,000 1.172,000 1,299,000
109,000 1,048.000 1,157.000

According to the foregoing, Bombay
increase compared with last year in
of 12,000 bales. Exports from all India
of 16,000 bales during the week and
a decrease of 658,000 bales.

appears to show an
the week's reoeipts
ports record a gain
sinoe Sept.

1

show

Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the

movements

of cotton at Alexandria. Egypt.

The following are the reoeipts and shipments for the past
week and for the corresponding week of the previous
two vears.
Alexandria, Egypt,
July 5.

1904-05.

1903-04.

8,000
6,211,439

6,454.914

1902-03.

Receipts (oantars*)—

500
5,739,649

This
Since
week. Sept. 1.

To Manchester

This
Since
week. Sept. 1.

This
Since
week. Sept. 1.

4,000 214,303
146.219
7,750 310,636
300 71,084

Exports (bales)—

2,000 228,513
3,000 137,879
5,250 336,290
1,250 51,510

2,250 202,541
453 145,086
4,845 317,146
972 81,243
|

12,050 742,242 11,500 754,192
*

8,520 746,016

A oantar Is 98 lbs.

—

Manchester

Market. Our report received by oable
from Manchester states that the market is firm for
both yarns and shirtings. Merchants are buying very sparingly. We give the prices for to-day below and leave those
for previous weeks of this and last year for comparison.
to-night

1904.

1905.
8*4 lbs. Shirt- Oott'n

32f Cop. ings,
Twist.
d.

d.

J'ne2 7 78 ®8His
U
o 7* ©89ie
" 16 7"i 6 98i*
" 23 8
Oh\
" 30 83e 09ifl

common Mid.
Vplds

to finest.
s.

d.

s.

d.

4 3i*©7 2
4 3»*»7 2
4 3 97 1
4 41*97 2

d.

32* Oop.

8i4J6#. Shirt- Oott'n
ings,

Twist.
d.

4-70
4-73

d.

common

8.

d.

8.

9149 10k 6 li«99
9i«Ol0i4 6 li*09

9%9 10i«

Mid.

Vplds

to finest.
d.

2
3

d.

6-72
6 68
6-38

99 3
9i«9 9 7s 6
99 IH 614
596
4 5>*1»7 3»* 6-34
8 7a9 9°8 5 10i«O8 10
July 7 8*e ©9 8S 4 7 97 7
636
601 8V» 9k 5 10 98 9
Cotton Consumption and Overland Movement to July 1.
—Below we present a synopsis of the crop movement for the
month of June and the ten months ended May 81 for
483
505

6

1

three years.
1904-05.

82,869

Net overland for 10 months

14,558

66,743
372,997
9,427,254 7,053,115
160,668
476,679
8,118,751 5,881,356
171,564
899,692
2,175,001 2,069,397
1,844,000 1,790,000

Port reoeipts In 10 months

Exports In 10 months...
Northern spinners' takings to July

1908-04.

1902-03.

22,722

1,456,841 1,114,117 1,435,456
7.117
6,746
66,870
894,604 1,115,067
1.186,519

Gross overland for 10 months

Co.

of Alexandria furnish us the report of the Alexandria General Produce Association for the month of May, as follows:
The changeable temperature of the first half of the mouth has rather
retarded the voudk plants, and It has only been during the favorable
heat of the last fifteen days that progress In vegetation ban been percepUble. The condition has Improved slnoe our last report; the plants
are healthy. Our correspondents advise a backwardness compared
with last year, but they estimate that a contlnuanoe of the present
heat may canoel this. Re-sowlng has been much than last year, but
has continued rather later. The water supply up to the present Is sufficient; it Is only at the extremities of canals that there nas been a little deficiency.
Worms have appeared, bat not to any serious e t Cant,
and no damage has so far been done. The reports from L'i p«r K«ypt
are satisfactory. L-joaats have appeared In some dlstrlotn, bul passed
away without doing any barui.

receipts

of cotton at Bombay and the shipments from all India ports
for the week ending July 6 and for the season from Sept. 1
to Jnly 6 for three years have been as follows.

78.

San Antonio, Tessas.— We have had rain on three daya of
the past week, the rainfall being one inch and fifty-nine

New

163

1

Overland to Canada for 10 months

76,550
7,598,415
123,964
6,580,437
252,674
J,067,^22
1,760,000

(In-

Burnt North and South In 10 months....
Stock at North'n Interior markets July 1

112.997
79,018
2.128
2i6
8.829
4,662
195.967
206,489
12613412 9,834,719 10431782
320. '.44
288,967
106,393
26,738
11,408
538,506

512-7.'

49052

10193686 107.',8J26
506 23
507

U

46631

485-80

THE CHRONICLE.

164

Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Burean, made pnblio on Tuesday the telegraphic
reports on the crop in the Southern States for the week ending
July 3:
Nohtii Carolina. -Crops suffering from drought In
normal In condition, blooming

all

counties; cotton Improved,
many fields lou»y.

oentral

freely,

bnt

Sooth Carolina.— Cotton Improved generally and is fruiting normally, with less Ir jury from lice and shedding than last week, bat
continues small for the season.
Georgia— Cotton email. crowlDg and fruiting rapidly, grassy in
soattered localities, slight li 1ury by lice and shedding.
Florida.— Cotton shows Improvement, is generally free from grass,
and

Is

growing and fruiting well.

Alabama.- In

north, central and northeastern counties rain is
cotton email, but healthy, well branched, and fruiting satisfactorily, with few grown bolls, crop becoming grassy in northern

needed

;

and western counties.
Mississippi.— Little cultivation done, cctton very grassy, but doing
in south oveiil >ws injured stands, more fields abandoned,
plants undersized, but making good growth, dry weather and sunshine
needed.
Louisiana.— Ground too wet for cultivation greater part of week;
cotton improved where well cultivated, but much grassy and some
low land abandoned, caterpillars ar.d boll-worms reported in few
localities, some shedding, crop irregular, net fruiting well, generally
fairly well

;

[Vol. lxxxi

The Agricultural Department's July Report.— The
following statement, showing the condition of cotton on
June 25, was issued by the Department of Agncultuie Ju'y 3:
The monthly report of the Chief of the Bureau of Statistics of the
Department of Agriculture will show the average condition of cotton
on J nne 25 to have been 77 per cent, as oompared with 772 percent
on May 25, 1905, 88 per cent on June 25, 1904, 77*1 per cent at the
corresponding date In 1903 and a ten-year average of 8 16 per cent.
The following table shows the condition by 8tates on June 25 in
each of the last three years, with the respective ten-year averages;
also the condition on May 25, 1906:
Last
June. 25, June 25, Tetv-year
This
Stales—
?nonth.
month.
1904.
1903.
average.
Texas
69
£9
72
79
83
Georgia
84
82
85
75
84
Alabama
87
85
76
83
84
Mississippi
73
89
81
72
85
South Carolina
78
78
74
85
88
Arkansas
73
90
73
75
88
Louisiana
73
90
80
73
86
North Carolina
82
90
78
83
86
Indian Territory
79
81
87
73
88
Tennessee
89
86
80
86
89
Oklahoma
92
83
88
67
85
Florida
92
88
84
87
86
Missouri
84
69
74
86
87
Virginia
87
87
76
88
83

below averse

77-2
84-6
United States
88
771
77
Domestic Exports OiT Cotton Manufactures.
e"g" ve
rapid growth of plant In son e localities: chopping and cultivation below a statement showing the exports of domestic cotton
delayed and many fields foul earlier cotton blooming north and some
picking in extreme south; boll-weevil aotive over larger area, numbers manufactures for May and for the eleven months ended
May 31, 1905, and for purposes of comparison like figures
increased by rain, and some damage by other pests.
Ab Kansas.— Cotton growing rapidly, making too much weed in some for the corresponding periods of the previous year are also

Texas.— Work delayed ecmewhat; cotton generally improved and
now growing well, but rain caused damage In come counties and too

—W

;

sections, chopping not completed, crop grassy, needs cultivation.
Tennesbkb.— Crops making abnormal growth, but getting foul
rapidly deteriorating, especially cotton running to stalk.

Oklahoma and Indian Territories. -Cotton blooming and

and

fruit-

ing well and making good growth.
Missouri.— Cotton growing rapidly.

presented.
(Quantities

Ootton

of

Manufactures

(.colored

These reports are summarized by the Crop Division as
follows
While cotton is generally improved and had made good growth
throughout the belt, the crop is much in need of sunshine and cultivation in the central and western districts, in portions of which too rank
growth is reported. Exoept in the central districts cotton is generally
fruiting well. Boll-weevils and other pests are aotive in Texas and
Louisiana.

Fall River Mill Dividends,— In our

editorial

columns

of

—

the

movement

It will be noticed

all to

that

mos. ending

11

May 81.

Cent']

America

&

Brit.

1904-06.

1903-04.

2615318

Honduras.

Cuba
Other West Indies and Bermuda..
Argentina

154,649

2,952,514

2,352,819
34,012

18.144
127.3D7
7f 2.81b
2,006,037
376,16b
2,0-6,387
2,126 614
448.826

14,824
1^,13.
733,51f
1.949,662
288,041
837,9a!

96,297
1,631,190
7,et0,724
21,4*5.658
3.043,334
16,286.554

940 331
9.1*7.130
19 3 6.C64
2,792 911

I,55!-,8i0

2U.t9ti.401

18 512.20 c*

2"1,79*
43:, 450
704,76.

3,193,687

878.5611,5<17,582
418.371"

Chili

ri,'»1.9ifc

2d?,63r
44^,696
4,155.937
lzl.Oij

11.k41.186
14.70 ',58
7 0-2 077
7,17^,505
121.i6l.4ll
6,679 9.'3

'8S,4oi

478.B28
11,753,185

I,0l4,lftb

4b9.672
810.917
61,456.821
703.200
54,49b
1*2 98(?
680.091

we

of Trade returns.

31

1904

1905

to

to-day will be found an article under the above caption
covering the results for the first half of 1905.

Exports op Cotton Goods from Great Britain.— Below
give the exports of cotton yarn, goods, &c, from Great
Britain for the month of May and since October 1 in
1904-05 and 1903-04, as compiled by us from the British Board

Month ending May

and uncolored)

Exported

we have reduced

5,H19,li!9

l,2i»,31r

33,541

2,76K4»r
263 3k6

Philippine Islands

19V0e
1,143, 2;

14. H7 6.604
20,778.186

262,3 «0
94,309

13*,84i

4,75:1,091

88 055

4.U7.2K9
1,7.-8

828

8,7b9.180
11.103,79i
13.e06,3iO
8,754 575
5,758.017
67. 862.434
6,319,716
313.315
4*7,781
3.683,0c9
..45..U7U
27,841.184
4.818 968

£46,201

pounds.
70,02', h 45

Zarn&Thread
00 0s omitted
1904-06 1903-0*

Lbt.

Lbs.

1904-05

Yds.

1903-C4

Yds.

Ootober
November...
December..

16,768

16,291-

17,93b
19,164

13,707

485,679
474.172

18,03t

560,7 It

Tot.lst quar

53,800

47,04. 1,620,169 1,196,57*

January

.....

17,152

16,367

477,955

February....

17,151
20,479

17,016

512,98t

March

14,06fc

589,796

Tot. 2d quar

64,782

47.44E 1,537.741

Total 6
April

Mar

mos

103,642

17.417
19.H«3

—

402,541-

1904-05 1903-04

Lbs.
90,580

375,36c 83,458
418,66; 104,597

1903-04

90,146

$59,752

106,393

83.601

77,843

123,761

95,879

7,861
2.37t
60,77t
6,98b
l»,t08

269,526

106.32c

101.829

89,815

112,t5:

106,880

81,671

121,187

&5,734

1,377,439 285.536 ^56,94e

340,366

304,393

85,462

1

87.7 o:

H3.53»

677,85b

75,620
75.132

105.15!

A

further matter of interest is the destination of these
exports, and we have therefore prepared the following
atatements, showing the amounts taken by the principal
countries during May and since October 1 iD each of
the last three years.
EXPORTS OP PIECE GOODS AND YARNS TO PRINCIPAL COUNTRIES IN
MAY AND FROM OCTOBER 1 TO MAY 31.

Kiit Indies
Turkey, Egypt and Africa...

Ohinaand Japan
Earope (except Turkey)
South America
North America
All other oountrles

Total yards

Totalvalue

1904

Oct. 1 to

1903.

1901-05

May 31.

1903-04

232,297 187.41b 174,67b 1,772.947 l,fil4,931
73,>84 69 98'. 70,80"
51H.S01
666, 5 io
65.144 i 8,754 50.U5
592.2S-3
881.B69
189,654
24,*67 21,53b S3 08i
195.870
33i,7M 38ft,30»
45.928 5. 14 43,991
',8
216.9i
2iiO,46»
24,555 ai,?i'i 23,618
36,041; 31,066 32,7t9
238.098
257,976

lfc02-03
J

,618,626

609,123
S78.180
196,775
318.478
219 081
237,367

501.367 402.763 119,011- 4,023,674 3,382,078 8,572 530
£5,5bS 14,632 JK4.357
£15,974 i37,981 A 37,219

Parns— Lbs.
(000s omitted.)

Holland. ...

3.P47

Germany

3.317

Oth. Hurope (except Turkey
B ist Indies

Ohinaand Japan
Turkey and Egypt

All other oountrles

Total lbt....
Total value..

2.196
4.0*6
1,010
i,e40
1,910

2,30?,;3i
1,693
1,888
17
79C
1,6 31

2,782
2,31V
2,088
2.408

17.795

11,665

13,450

£->70

£699

£644

51'
1,411

1,980

25,004
27,4«7
18,i0?
23.637
5,396
14,681
16,684

20,122

135,005
£6.571

19,411

27.091

17375

15.1.19

17,3 28
1.7C5
9.807
13,194

17,783
22.432
4,231
15,t68
16,069

101,423
C 5.743

112,869
£10.130

2,187

34 484

10,^43
23rf,44
38,670

2,144556

J76U.744

«,9.>1

3,816

3,007

41-2

$763,2:*

245,9:3

9.151

25,693
10,44)
3.3SC

4.72,6:8

857.371
207,70333.085
70.501
19.0*6
7o.83C
20,286
47,88!
210.601
6 0^2
58 521
481, a70
70.2:0
243.4 If
201.14b

1,3 7
4,^51
40, U7
6,167

12C

Jute Butts, Baggikg,

555,74fc

8,044
9,659
2.745
3,7c 2
3,615

2,81:-

Tot. value of oth. manufact's of.
Aggregate val. of all cotton goods

78.152

810,070

6,786

552
2.9E9
4",97i
5.5ib
33.502
2fl>72

Other Asia and Oceanlca

558.80"

33,944
l?,r84

11.711
1,30V
1,837
2,487
5,b92
36,63b

$5,252,337

$1.8

&c — Tcere

04'!

$996,007
102,879
10,164
997,203
25,479
96,395
2,109.176
503,845

1568*

4L,2<-7
27,c 74

66,949

25,006

922^ 778,393
The foregoing shows that there has been exported from the
United Kingdom during the eight months 922,848,000 lbs.
of manufactured cotton, against 778,396,000 lbs. last year,
oi an increase of 144,453,000 lbs.

May.

Brit.

575

Total exports of cotton manufactures.

$1,(00.115
C6.815

20.8ul

it

88,727

Sundry artloles

1906.

Other West Indies and Bermuda..

$136,821
17,795
1,362
74,294

220,85b
4i,628
69.0U6
3M.516

America

90,169

113,60!

Honduras.

Cent'l

573,918

25,77 4

405,381
402.762

179.43.

Stockings and socks

Piece Qoods— Yards.
(000« omitted.)

Values of other Manufactures of
Cotton Exported to—

Lbt

337,490

458,143 89,171
481,478 95,707
437,818 10J.70:

$l,036,83c 436,663,160 (13,192,631
$•0691
$-06fe0
$-0192

roan

Lbs.
107,33-

66!

470,09b
501.367

Total values of above
Value per yard

Lbt.
74.84b
69,794

183,830 322,485

91,486 3.05^,2C9 2,674,011 569,2ie

14,649
13.595

1901-05

15,03V, ^Sv -118.118 93, i22.941.9l3

$4,4»1,583

total of All.

Cloth.

*-70.360

98,315
93,865
*0.4->9

104,567
44,638
45,86*
3f,4t9
9.443
41,045
S6(,087
64,867
112.703
129.6J*

$?.505,8S9 $7,011,094
$44,0 9 0ifl $20,203,725

has been an extremely

dull market for jate bagging; during the week, but prices are
nominally unchanged at 8?g ;. for \% lbs. and 6Jg3. for 2
lbs., standard grades.
Juie butts doll at 1K2)1M C> * or
paper quality and 2@2^c. for tagging quality.

Shipping News.—As shown on a previous page, the
exports of cotton from the United States the past week have
•reached 71,472 bales. The shipments in detail, as made cp
from mail and telegraphio returns, are as follows:
Total balct.

New York—To Liverpool, per steamers Armenian, 98

.

.

.Celtic,

1.555 upland and 4 foreign
To Glascow, per t termer Caledonia, 19
To Havre, per steamer La Gasoogoe, 861 upland and 113
foreign.

To Dunkirk, per steamer St. At drew, 200
To Bremen, per steamer Bremen, 100
To Hamburg, per steamer Pretoria, 100.
Zaaland,800.
To Antwerp, per steamers St Anlrew, 14
To Norrkoplng, per steamer Uiiiced States, 100
To Barcelona, per steamer Buec 03 Aires, 1,200
Romanic, 1
To Genoa, per steamers Civ a di Napoli, 200
To Japan, per steamer 8t Fillans, 2,452
-

New Orleans-To

Liverpool-Julv 6-8tr. Autiilian, 2,60u....

London-July l-8teamer Cuban. 3*8
Dunkirk-July 1— Steamer Mlramichl, 300
Bremen-July 1— Steamtr Mlramichl, 4.372
Autwerp-July 3 Steamer Buffjn, 1,433
Galveston—To Liverpool- June 30 - Steamer Irak, 7,339
To
To
To
To

July 5 -Steamer Horatio, 7,145
To Bremen - July 5-8teamer Koln, 12,344.

1,657
19

974
200
100
100
814
100
1,200

201
2,452
2,600

358
300
4,372
1,433

14,484
12,344

e

.

Julys,

1!

THE CHROXICLK.

1905.]

Galveston— (Concluded)—
To Hamburg— Jnly 1— Steamer 8t. Jan, 527
To Barcelona— June 30— Steamer Teresa. 1.06-1

527

Friday, Jnly 7, 1905.
market has been experienced for whea^ (1 nr. K<in6.91H f-ae flour, which is in light supply, has been sparingly
offered
570
8,065 and held at firm prices, bat for other grades there Ins been
200
an easier tone, owing to the decline in the mark* t for the
Sellers have not quoted lower prices, but there has
piains.
3,913
been no doubt that they have been willing to accept lower
3,423
150
City mills have been quiet. The demand for rye fbur
bids.
2,210 has been limited to a very moderate run of j ebbing orders,
but prices have held firm. Corn meal has been qaitt but
1,0«4
1,286

500

Be-

public,

BALTIMORE— To Liverpool- June 30-Str Qnernmore. 2,123...
Philadelphia - To Antwerp June 29 Str. KlnKStoulan, 150.
Portland. Ore.— To Japan— June 3 Steamer Nniuantla,
July 2-8teamer Arabia, 610
1,600

71,472

Total

The particulars of the foregoing shipments

for the

arranged in our usnal form, are as follows.
Great French Ger- ^Uth.E'rope— Mexico,
<£c. Japan.
Brit'n. vortt. many. North. South.
1,174

1.676
2,958
N. Orleans.
Galveston. 14,484
Mobile
6,916
Savannah..
3.913
Boston
2,423
Baltimore.

200

914

300

New York.

4.372
12,871

1,433

1,401

2,452

week

2,790

570
150

Totai.

i',4-23

150

Phll'delo'a
Portl'd. Or.

2.210

4,761

2,497

1,474 25.708

2,210

71.472

4,662

The exports to Japan since Sept, 1, 1904, have been 304,198
bales from Pacific ports and 9,614 bales from New York,
Cotton freights at New York the past week have been
as follows.

dull

steady.

Speculation in wheat for future delivery has been moderbnt at lower prices, European cable advices
have reported easier markets, the world's export to European importing points, despite the recent disturbances
v-ere
Russia,
large, and
reported at Olessa,
there
has been a fair amount of selling in the American
markets
European
speculative
for
account.
The
from the Southwest have reported
advices received
a steadily increasing movement of new crop wheat and this
prompted more aggressive operations by bear interests. Fairly
free selling of July delivery for the account of large speculative holders to realize profits also added to the weakness of
the market. Business on the spot market has been quiet and
prices have been easier. Tc-day the market was fairly active
and higher on less favorable weather reports from the West.
The spot market was quiet.
DAILY CLOSING PRICES OF WHEAT FUTURES IK
YORK.
Sat.
Thurt.
Fri.
Mon. Tutt. Wed.

NEW

Tutt. \Wtdnet. Thurt

Satur.

12®13

12 513

c

Manchester

JfOH.

»

Liverpool...

14

14

16@17

16»17

20

c
Havre
Bremen, asked..?

Fri.

12013 12fl>13 12*13
13©14 13014 13914
16-917 16©17 16®17

19

19

19

19

Hamburg

e.

22*

22*

22*

22*

22*

Antwerp

c

12

12

12

12

12

K

9hent, v. Antw'p.t 18-18* 18-1S*
28
28
Beval, Indirect .c
32
32
Beval.vla Canal.
25
25
Barcelona, Aug..c.
15
15
Genoa, July
23
Trieste
c
23
Tanan (via 8uez).r.
40
40
^notations are cents per 100 lbs

o

18-18* IP-IB* 18-18*
28
32
25
15
23

28
32
25
15

40

40

i

28
32

25
15
23
40

23

LavBBPOOL,— By cable from Liverpool we have the following
statement of the week's sales, stocks. &c, at that port.
June 16
galea of the

A

ately active,

7,817
9,063
30,145
7.486
8,26s
3.913

8,265

Total.... 32,870

BREADSTUFFS.

Totai baltt.

To Venice June SO Steamer Teresa, 1 .226
To Trieste Jane 30— Steamer Teresa, 500
Mobile— To Llveryoo'— July 7— 8teamer Almerlan, 6,916
To Geroa Jnly 3 -Steamer Dora Baltea, 570
SAViNNAH- To Bremen July f—8tr. Loni Ormonde. 8,065
To HamburR-July 5 Steamer Lord Ormonde. 200
Boston- To Liverpool— July l-8teamer Sagamore, 1,295
July 3 Steamer IvernlH, 2,618.... July 5— Steamer

165

week

June 23

bales

23,000

Of which exporters took.
Of which speculators took

1,000
1,000
20,000
3,000

.

Sales American..... .........

Aotnal export

Forwarded
Total stock— Estimated
Of whloh Amerioan— Est'd

48,000
2,000
1,000
42,000
8,000
97,000
845,000
774,000
140,000
127,000
188,000
164,000

48,000
811,000
737,000
29,000
25,000
257,000
237,000

Total import of the week....

Of whloh Amerioan.....

June 30

July 7

31,000
1,000

54,000
1.000
2.000
46,000
9,000
68,000

2 5,000

6,000
70,000
841,000
771,000
77,000
69,000
116 000
87.000

841,0001
772,000'
71,000,
65,000
153,0001
129,000

108* 108* lO"*
94H 9tJ1«
99% Holidav Holidav 9614
uouaay uonaay 92
923g
907g
911fl
Deo. deUv. in elev
91*8
90 78
92%
94*
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
10914

No.2 red winter, f.o.b...
July deUvery in elev
sept, deliv. in elev.

Mon.

Sat.

92 7a
July deUv. in elev
8*pt. delivery in elev.. .89%
Deo. delivery in elev.. ..89*
May delivery in elev

Tue$.

noiidav H «»aay
Holiaav Holidav

Wed.
90 78
871*
87B8

Thurt.
893a
86B9

fri.

91*
881*

gg^
8g%
88%
90%
Iodian corn futures have been moderately active, and there
has been some irregularity to the movement of prices, those
....

for the near-by deliveries being slightly higher, while the
months show a fractional decline. Reports have
been beard from Chicago oi: the possibility of a squeeze of
July shorts. Receipts of corn have been moderately full, but

distant

understood that the inspection returns have not been
only a very moderate percentage showing
contract grades. Daring the latter part of the week cash
houses reported few acceptances of the bids made to
and this, too, operated in favor of
the country,
the market, as did also reports of an improving export demand. The new-crop deliveries were easier under favorable
crop prospects. The spot market has been firmer, with an
improved demand from exporters. To-day the market was
higher. July shorts were buyers to cover contracts, advancing prices. The spot market was firmer but qaiet.
YORK.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Frt.
Wed. Thurt.
Mon. Tuet.
Bat.
it is

satisfactory,

NEW

63*
62*
62*
62%
62%
62*
61% Holidav Holidav 61%
110 aT ^oiiaay
"°
62*
61%
61*
Sept. delivery in elev.... 6 1
The tone of the Liverpool market for spots and futures Deo. delivery in elev
68
....
57*
each day of the week ending July 7 and the daily closing
DAILY CLOSING PRICEB OF NO. 2 MIXED CORN IN CHICAGO.
prices of spot cotton, have been as follows.
Fri.
Thurt.
Wed.
Tuet.
Mon.
Bat.
56* 57%
55%
55 %
July delivery in elev
Amount

afloat

Of which Amerioan........

Cash corn 1. o. b
Jnly deliv. in elev

-

Bat'day.

Fpr>i.

Monday} Tuesday Wed'day Thurtd'y Friday

I

larket, (
Harden'? Moderate Limited Not much Not much
dumuru.
12 :30 p.m.,
demand.
doing.
doing.

Small
inquiry.

,

Mid. Upl'rt*

545

5-38

5-89

603

589

601

Sales
Spec. &exp.

6,000

7,000

7,000

7,000

7.000

5.000

500

500

500

500

500

200

Future*.

J

Market

Steady

opened.

tdyanoe

Firm at Irreg. at Unsettled Steady at
50Q63 ptl. l'@13 pts. 24T4 t>i». 5St) pts
advance
decline.
advanoe. aorauoe. decline,

Heady

Basv

Market.
4 P.M.

at

Br'lygt'dy

7®-i ptl.

(
j

83!)

pti.

I

,

at Strong at Fev'lsh at
9®:0pti. 13<il4 ptl 04©e? pts. 6(0,7 pts.
advance,
decline
decline. advance
at

I

'

Easy at

Firm

at
6 pts.

»dT»nn«.

I

'

U«

pti.
d»olln«>

The

prices of futures at Liverpool tor eacn day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated,
The prieei are given in pence and 1001 A. Thut: 5 30 meant
5 30-100d.

below.

X^

Nat.
July 1.

ITfon.
July 3.

Tnes.
July 4

Wed.
July

5.

Tlinrft.

July

6.

12* 1 12*1 4 12* 4 12* 4 12*1 4
P.M. P.M. P.M. P.M. P.M. P.M P.M. P.M. P. M.,P. M,
d.

!

d.

•

d.

d.

d.

30 5 31 5 21 5 17 5 73 5
S 29 G 31 5 V!4
17 5 74 5
5 vr8 6 315 24
17 5 74 5
5 28 5 315 24
Sept. -Oct..
17 6 74 6
17 5 74
Oot.-Nov... 5 29 6 315 24
Nov. -Dec.
5 29 5 315 24
17 5 72
17 5 73
Dec. -Jan
5 29 5 315 24
JaiL-Feb... 5 29 5 31 5 24
17 5 74
Feb.-Moh.
18 5 75
5 29 5 32 5 25
Mch. April 5 31 5 32 5 25 19 5 76
April-May
5 31 5 33 5 26 5 19 ft 1H
May-June.. 5 31 5 33 5 27 5 29 5 75 B

Jnly
July-Aug
An*. -Sept

5

.

.

Frl.
July 7

12*
P.

4
M. P. M.

d. ~~d.\ d~
d
d.
d.
84 5 89 5 79 5 75 5 "5 ft H7 5 79
84 5 r-9 ft 79 5 75 ft 8ft ft 87 5 79
84 5 89 5 79 ft 7ft r, 88 ft 87 5 79
5 J-8 ft ^-0
84 5 90 ft 79 ft 70
83 ft 86 5 79
fc3 5 88 ft 77 ft 74
iH ft 8tf ft 79
8.- 5 87 5 77 ft 74
83 ft 86 5 79
87 5 77 5 74
83
H3 ft 86 ft 79
87 5 77 5 74
83
87 ft 77 5 74 ft 83 ft 86 5 79
He
8:87 5 77 ft 74 5 83 5 86 ft 79
83 87 5 77 5 74 5 H3 5 86 5 79
-4 5 87 5 77 5 74 5 83 6 86 6 79

d.

— 49*

Sept. deliver? in elev
SV....
May deUv. in elev

55

8

iS |S'
49*
48%
48% 49%
48%
Oats for future delivery at the Western market have been
quiet and there has been a fractional decline in prices, Crop
reports have been mere favorable, due to better weather conditions.
There has been some selling to real'zj profits under
which there has been an easier turn to the market. The
spot market has bsen quiet but steady. To-day the market
was higher, following tne advanoe in other grains.
H0lld *y
Holiday

H0llda 7

NEW YORK.

DAILY CLOSING PRICKS OF OATS IN
Mon. Tuet.
Bat.
35% Holl. HollNo. 2 mixed. I. o. b
Ho. 2 white, clipped, f.o.b.

37*

day.

day.

Wed.

35%
37*

Thurt.
3ft%

37*

Fri.

35%
37*

DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Thurt. Fri.
Wed.
Tuet.
Sal.
Mon.
33*
32*
32*
32 %
Jnly deUvery in elev
31%
31*
31 **
Sept. delivery in elev.... 31%
HoUday Holiday
32*
31*i
Deo. delivery in elev ..
7
33%
33 *
33*
May deUvery in elev
33 e
Following are the closing quotations
FLOUR.
©5 35
*ft 00
Patent, winter
rine....._
$2 90 ©3 20
City mills, patent. 6 00 ©6 50
Superfine
3 30 ©3 60
Rye flour, »nperflne 4 25 ©4 90
Extra, No. 2
3 65 ©3 85
Buckwheat flour.. Nominal.
Extra, No. 1
3 90 ©4 00
Corn meal4 00 ©4 25
dears
2 7.5 f»2 90
Western, etc
Btraights
4f0 ©5 10
2 90 33 CO
Brandywlne
Patent, spring
5 65 ©6 85
GRAIN.
Corn, per bush—
Western mixed
N. DuL.No. 1
f.O.b.llS*
No. 2 mixed
N. Dul., No. 2
f.o.b.114%
No. 2 yellow
Red winter, No. 2.. f.o.b.108*
No. 2 white
Hard winter, No. 2. f.o.b. Nom.
Oats— Mixed, p. bush. 35*936* Rye, per bushWestern
White
37*©40
Htate and Jersey....
Nominal.
No. 2 mixed...
Barley- West
Nominal.
No. 2 white
Feeding

Wheat, per bush—

e.

o.

c.

58

c.
1
«0.^ *
b 63*
l

f.

o.

f0
t.

o.

79

L"?i«.

b.63*

©84

Nominal

*^»''
*a

°* *

THE CHRONICLE.

1C6

Exports of Wrain and Flour from Pacific Forts.—The
exports of grain and flour from Pacific ports for the week
ending July 6. as received by telegraph, have been as follows:
From San Francisco to various South Pacific ports, 521 bbls.
flour, 600 bushels wheat, and 600 bushels corn.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1905, comparison being
made with the corresponding period of 1904.

fVoi..

LXXXI

8^c, with deliveries extending far into next year.
Bleacned goods are held at higher prices and little business
has been transacted. Ticks and denims are sold so far ahead
that many lines have been withdrawn and others are held at
value. Kid-finished cambrics are higher but quiet. Prints
have been advanced and the future of this department of the
market is uncertain, while ginghams are held at higher
figures with buyers holding off for the moment. The print
cloth situation is mixed and sellers do not know what prices
Rye, to quote. A small business has been reported in 28-inch
Mxporls
Oats,
Barley,
Flour,
Wheat,
Corn,
bush. 84x60s. at 8c, but other offers at this figure
from—
bush.
bbls.
bush.
bush.
bush.
have been
8an Fran.
521
600
600
refused. Regulars are entirely nominal, but on this basis
Paget 8'd.
should be 8^c, although in many cases this price is asked
Portland..
for 64x60s.
Wide goods are firm at recent quotations, but
521
Total...
603
600
business has not been large.
Tot. 1904.
80,000
4,311
Woolen Goods.— Practically all lines of men's wear lightGovernment Weekly Grain Report.—Mr. James Berry, weight goods at and under $1 a yard have now been opened,
Chief of the Climate and Crop Division of the United States and the number of buyers in town
is increasing.
Business
Weather Bureau, made public on Tuesday the telegraphic has been on a large scale, and from present indications the
reports on the grain crops in the various States for the week goods tbat were most popular last
season are repeating their
ending July 3, as follows:
success this year. Most of the lines that have so far been shown
Corn— Corn has made exoellent growth over the greater part of the are low-grade woolens, but some goods as high as $1 50 have
corn belt, and, except In the upper Missouri and lower Ohio Valleys,
where rains have retarded cultivation, the crop Is clean and well ad- been opened, and some at even above this figure have been
vanced, considerable has been laid by In Illinois, Missouri and shown and have been well taken. On the low-grade goods
Kansas. Late corn In the Southern States is suffering for cultivation. the advances over last season have been small, but on the
Winter Wheat—Winter-wheat harvest Is well advanoed in the better grades they are material.
Serges, which were connorthern portion of the winter-wheat belt, and is praotloally finished
siderably advanced, have proved so popular that many lines
in Illinois, Missouri and Eastern Kansas. Rain has caused injury to
grain in shock in Texas, Tennessee and Kentucky.
are withdrawn, and it is to-day difficult to purchase this
Spring Wheat— Spring wheat has advanoed rapidly throughout the class of goods. Tropical worsteds have proved
excellent
sprlng-wneat region and oontinues in promising condition. Some rust
however, is reported from the southern portion, and on low lands in sellers, and owing to the lightness of their weight prices
Minnesota there is a tendency to lodge. The crop also oontinues In have been able to be kept low. Several lines of these are
fine condition on the North Pacific ooast, except in the Willamette
already reported sold out. Flannels are being shown in
Valley where aphides are unusually numerous.
Oats— A fine crop of oatsis Indicated In the prinoipal oats producing greater quantities than for some time, and a good business
is being done in them.
In the meantime duplicate orders
States, but few unfavorable reports respecting this crop being received.
Harvesting is In progress in the lower Missouri and oentral
for heavy weights continue to be received, and the present
Mississippi valleys.
demand for woolens has greatly improved the situation for
t&~ For other Cables usually given here see page 136.
manufacturers of these. They anticipate a good light-weight
season, and expect their looms to be fully occupied. The
advance in the raw material market is causing manufacturers to change the character of their goods, as they feel conNew York, Friday, P, M„ July 7, 1905, vinced that buyers will not pay the price that it would be
Following upon the publication of the Government's report necessary to charge if goods were made in the same weight
on the condition of the growing cotton crop last Monday and and the same construction as those of last year, The adthe subsequent sensational advance in the price of the raw vances in dress goods have not been so radical as in the
material, the cotton goods market has been at a standstill men's wear division, and a large business has been transduring the week with neither buyers nor sellers anxious to acted. A. good light-weight season is looked forward to,
operate. The immediate effect of these developements was
Foreign Dry Goods.—Imported woolen and worsted
the withdrawal of many lines of goods from the market and dress goods show little new development. Silks and ribbons
the announcement on the part of many sellers that they pre- are firm and in fair demand. Linens are firm, but there is
fered to wait until conditions were more settled before once little new business recorded. Burlaps are firm but quiet.
more offering their goods. Inquiries on the part of buyers
Importation* and Warehouse Withdrawals of Dry Good*
revealed the fact that there was practically nothing for sale
except at prohibitive prices and they in turn decided to hold
Theimportationsand warehouse withdrawals of dry goods
off until the future was more clear. The real basis of strength at this port for the week ending July 6, 1905, and since
at the present time, however, is the scarcity of goods, for, January 1, 1905, and for the corresponding periods of last
had supplies on hand been more liberal, sellers would have year are as follows:
found difficulity in securing advances in spite of the price of
g
s ^ 00
s UTJCE
cotton. As it is there are practically no medium or course
to o jrc
to »2
grades of staple cottons available before the first of next
la
E*: 2. »
year and in the case of goods suitable for export several
or t>
Q0
B:
H
s.
manufacturers have disposed of a proportion of their output
5
a
O
O
oa
next summer, That buyers are concerned over the
well into
3
b:
p
l!
i
OR
a
situation is evidenced by the number of inquiries, but business
2»
small during the week that reliable quotations are
has been so
B
T
v.
unobtainable and all that can be said is that all lines are
nominally higher than they were a week ago. To add to the
strength* of the situation, China has again been inquiring for 00 ©M
©W *
to
fair quantities of goods, although offers have in most cases
00
OOMl-'CO
en
M©w©©
O 3< © UHHU^
©«^©to
OS CO
oo<-"
to
MCO©tO
© © © © to ©
been too low to be accepted. The woolen goods market has OS wCn )>)O'JMi
W«-n©*»
M ©WMMO
been fairly active during the week, although the holiday has
M
a
N>
•
m ©if w^ w©tn
to e« if w
© »3«aoM©
to a certain extent interfered with business.
W»©tO
~j
© «jw MOCJf 05JO
©r.
*» ©
H-OOJO©
© en to to ©«
°§
Domestic Cotton Goods.— The exports of cotton goods © J^J* ©If ©ao'cn
0009
oo Vi 1>-ooWj
K)
to to ©CO if
CO H 0> if
©(O to If 00 00
©If MW©
from this port for the week ending July 3 were 3,735 00 «© •J QOM-J©
M tOtO If
toe*
<ICOlf M
©C5 00-"IM
packages, valued at $315,916, their destination being to the
tOl-i
points specified in the tables below
*Ml
©00 Ol
M
© ©if *k©tO
M ©If
<1
"OOWtSC
00© M<1 »0
o «3t0 ©ODlnM^
1904.
1905.
©In o ,> © m© ©Mcncn©
©Tf "eoeVoi
©M»03W
into
©fflcocnt
m w©if moo
en©
Wbw York to July 3.
** to
at

,

THE DRY GOODS TRADE.

•

V

•

•

•

•

'

i

•

'

:

•

MI

V

!

!

•

i
•

i

:
.
•

:

:

!

!

l*i

I

!

!

!

1

I

I

I

tei

I

I

!

!
I

-

i

;

!

i

I

I

i

.

!

I

•

i

Week. Since Jan. 1

Great Britain
Other European.
China
India
.„*.
Arabia
Africa
•Wast Indies
Mexioo.....
Central Amerioa.

South America...
Other Countries..

23

60
132
748

666
1,431

667
3,735

Total.

650
376

8

73,571
8,863
13,247
5,752
15,239
1.359
9,732
30,826
10,125

169,740

Week. Since Jan.

•-01

1.

«M
MtO
©M

366
472

8

8

37,567
4,364
12,302
5,901
10,043

3,971

"879
1,327

4S9
22
305
534
356

1,167
7,421
27,785
8,297

7,894

115,685

I

i

-5oo

©MtOif CO
OOOP-WCO

New York exports since Jan.

1

has been

$9,098,025 in 1905, against $7,127,382 in 1904.
There has been little demand for heavy brown drills and
sheetings, but the supply is practically nil and nominal
advances have been made on practically all lines. Oa finer
grades of goods, however, inquiries have been numerous and
persistent in view of the sold-up condition and the changed
situation. Advances of J^c. have been general. Same business has been consummated for export at high figures, but
sale of a well-known
the majority of offers are too low.
brand of 3-yard sheetings has been reported made to China

A

I

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a*»wi-ato

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w © © ~j

N w

W

I

!

co

;

j

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of these

C0_tsj

WW
aw
*•

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The value

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W In 20

w

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I

:

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coo

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July

S,

THE CHRONICLE.

1905.]

§W£

/wd City De^iitmsnt.
2£he GThvomcle*
PUBLISHED WEEKLY.

Terms

Subscription— Payable In Advance:

of

for One Year, lnoludlng

Name.
Rate.
Page.
2634.. Brady (Tex.) Boh. Dls. 4
2415..Bucyrus, Ohio
5
2415..Buovrne, Ohio
8
44..Butlalo, N. Y
34
44. Buffalo, N. Y
34
44.. Buffalo, N. Y
34
2634..BurllDgtor, N.
5
169.. Cejon Bob. Diet., Oal. 6
2415. Caidwell (O.) Boh. D.. 5
169. .Campbell, Neb
6
44..Cannndalgna

910 00
6 00
13 00
7 60

For Six Months

European Subscription (lnoludlng postage)
European Subscription Six Months (Including postage)

2475.. Can ton, O.

The Rait. wat and Industrial Seotlon, Issued quarterly, Is furnished
without extra charge to every annual subscriber of the C ommkrcial and
Financial Chronicle.
The Statu and City Section, Issued semi-annually, Is also furnished
without extra charge to every subscriber of the Chroniolb.
The Strbbt Railway Section, Issued three times a year, Is likewise
furnished without extra charge to every subscriber of the Chroniclb.
The Bank and Quotation Section, Issued monthly, is also furnished
without extra charge to every subscriber of the Chronicle.

Advertising—(Per Inch Space).

ot

Transient matter (each time) $4 20
STANDING BU8INES8 CARDS.

Two Months

It.

. .

.

$29 00

Six Months

$22 00 Twelve

(8 times)

WILLIAM

Three Months (13 times)

(26 times)... SO 00
Months (52 times) ... 87 00

DANA COMPANY, .Publishers,

Pine Street, corner of Pearl
Post Office Box 958.

Street,

NEW YORK*

MUNICIPAL BOND SALES IN JUNE.
of

The aggregate of municipal bonds
June was $18,552,871, excluding, as

sold during the

month

usual, $18,531,503 tem-

porary loans and $3,135,854 Canadian loans. In May the
aggregate was $16,335,783 and in April $40,040,457. Like
exceptional length, the number of municipalities issuing bonds and the number of separate issues emitted being unusually large. In both months,

May, the June tabulation

is of

however, with few exceptions, the sales were for comparatively small amounts, and the totals for these months are
not, therefore, extraordinary.

The

;

:

Month
1905
1904
1903
1902
1901
1900
1899

Month

For the

of

June.
118 552,871
2«.425,9oy
16.926,619
2b.417,17Z
13,468,0^8
19,670,116
29.318.742

Six Mos.
$112.8f-5,468

137,869,155
79.576,434
67,628.395
61,223.060

77,943/85
63,315,376

of

June.
1898
1897
1896
1895
1S94
1898
1892

I9.704.0B5
16,386,065
12.792,308
16,907,441
18.36P.877
1.888,936
12,249,000

For the
Six Mos.
144,078,547
78,27f>,377

43,176,964
66,991.613
66.426.9U2
82,6<i8.H5
49,093,291

In the following table we give a list of June loans to
the amount of $18,552,671 issued by 276 municipalities. In
the case of each loan reference is made to the page of the

Chronicle where an account

2474.
2474.
2474.
2414.

Name.

of the sale

(4 Issues)..
Allegheny, Pa. (6 Is).
Alliance (O.) 8ch. Dls.
Alpha 8cli. Dlst No. 4.

Minn
169. Alta, Iowa (2
169. Astoria, Ore
2474. Athena, Ore
43.
43.
44.
44.

..

Atlantic City, N.J. ...
Atlantlo City, N.J....

Me
Me
Baltlo (8. D.)
Bangor, Me
Auburn,
Auburn,

1906-1913

6
lssuee).

4
4

U915-1925

44

1915-1920
1910
11915-1925
1925-1930
1925
1925
1925

5

5
4

4

34
34

2634.
Bch. Dls. 5
2634.
4
169. BarnetvlUe (Pa.) Sen.
Dlst
44)
2474. Battle Creek, Mich... 4
2634. Bethany, Mo. (2 is.).. 5
44. Bethany, Mo
5
2474. Blillngs, Mont
44
169. Boise, Idado
6
44. Bollvar.Tenn
5
2634. Bolivar (N. Y.) 8ch.
Dlst.
4
2634. Boston, Mass. (5 is.).. 34
169. Boston, Mas*...,
34
2415. Boulder (Colo.) Soh.
Dlst. >'o. 3
4
2474. Boonvlile, Mo
4

2984

Maturity.

Rate.

Akron, O.

is

given.

Amount.

Priee.

$24,200 !1 100
910,000 105 27
8,000 100-325
5,500
6,200
16.0C0
16,000
90,000
60,000
15.010
58,000
'^,«00

""l935*"

Mo

44.. Chattanooga, Tenn. (2
Issues)

169.. Cheney .Wash

2415. .Chicago Heights Soh.
Dlst. No. 170, 111....
2415.. Cincinnati, Ohio
2634. .Cincinnati. Ohio
2475.. Cheyenne (Wyo ) Soh.
Dlst. No. 1 44. Clarksburg. W. Va...
2475.. Cleveland. Mies
2475.. Cleveland Heights, O.
170. .Cleveland Heights, O.
2475.. Cleveland (Ohio) Soh.
.

17,000
15,000
9,000
9,000
15,000
106,678
20,000

tl915-"i925

U915-1925
t

1900-1915
1915-1925

.

170. .Everett.

1935&1945
1945

25,000
3,900,000

J
l

80.000 103 08
54.100 100-30
5.400 102-66
3,500 100
9.800 105153
5,000 100
7,500 113125

44
44
54

U907-1932

4

34
34

1925
1955
1945 1965

18.000 101-405
350,000 100187
500,000 100125

4

1915-1935

5
5

11910-1925
1915-1925
1919-1923
1906-1915

35,000 100-28
60,000 102-612
12,000 {100
25,000 105-548
38,115 104-378

44
5

1P35
1920

Mass

45.. Fairfield (111.) School
Dlst. No. 112..

350,000
8,000

300.000

7,000 100
274,000 TF 100
4,000 104-50
40,000 10075
15,000 103-70
10,000 {101-96

6,500 J100272
10,000 101-57

1910-1920

1906-1915

25.000
35,000 103
10,000
13,500 100
50,000 10805
9,000 •ICO 846
6,000
900 104-90
1,500 104-89

1910-1925
1906-1927
1933

20,000
66.CO0
25,000

5

1906-1913

2416. .Grand Rapids, Mich..
2476.. Granite. Minn
171.. Green Bay, Wis
171. .Green Bay, Wis
45..Gr«'eneCo.,Ind. (81s.)
171. Groton, Conn
45. Hamilton, O. (2 1s.)..2635..Harrlsburg, Pa.
2477..Harrisburg (Pa.) Sch.
Dlst
241 6.. Harrison Co.. Ohio..
2635. .Harrison (N. Y.) Boh.
Dlst. No. 2
171. .Hennepin Co., Minn..
46 Henry Co.. O. (4 Is )..

1925
1910-1925
'1911
1920-1925

i

19101915
19061915

5

44

4
6
4
4

11908-1925
tl910-1920

1906-1922
1906-1915
1920-25-30

1921
1910-1*934

1908-1934
1906"l915
1925
1906-1910
1*914-1925

1921-1925

4

""19*25""

4

8,000 :i0375

100,000
30,000

20,000 105-64
50,000 100
51,0^0 10005
50,000 100-914
180,000 10047
1,000 100-60
12,000 101-458
6,000 101-50
64,131 101195
50,000 101-50
25,000 107-146
218,400 10009

1910-1935
1906-1916

85.000
30,000

104-82

1906-1924
1907-1915

9,000
10.500
50,500

100
100

4
3-70

4

1920

44
5

1906-1915

1906 1914
1906 1920
*1909

2477

100 217
326,04,0* 100

11910-1920
1910 1925

30,000
75,000

97-38

1910-1920

15.000

102-CO9

101-38

10112

2.800 1100
73,000 100097
9.800 105255

1915

' "

34
4-60

Issues)

O

5,000

100676

2,000

1938

50,000

100

. .

100

102-.r

101

17,000 107-276
25,000 100
14,000 102-39
15,000 10413
8,000 103
15,000 104 04
38,000 111-33

4

100

Indianapolis " (Ind')
Soh. Dlst
2417. .Ionia Twp., Mich. (2

104-60

1920-1925

44
34

Ohio
2416. .Holyoke, Mass

105-375
103-634
109-357

44
34

2477..HowardOo..Ind
6
2477..Hughestown Soh.Dls.,
Pa
5

100
100 755

100-533

1907-1923
1935

100-631
102-69
102-52
100-26
100-20

101-33

106-87
101-593

;

1906-1910
1906-1907

45. .Fairmont
(W.
Va.)
Soh. Dlst
5
45. .Florence (Colo.) Soh.
Diet. No. 2
44
2476.. Fort Bragg Soh. Dlst.,
Cal
54
171.. Fredericksburg, Va... 4
2476.. Fremont. Ohio
44
2476..FaltOD, N. Y
4
2*76.. Gates Co.. Wis
44
171. .Geneva (111.) Boh. Dls. 44
2476.. Glrard (O.) Bch. Dlst. 5
2635..Glassport (Pa.) Soh.
Dlst
44
2635.. Glendlve, Mont. (2 Is.) 5
2416.. Gloucester, Mass
34
2635. .Grand Forks, N. Dak. 44

Bch. Dlst
2636.. Hlrn Turnpike No. 48,

104
104

10020

5,000

4

Dls., Cal.

10110

10212

100

28,000

40,000
19,000 100
2,000 100
106,554 106029
10,000 101-41
750 101

44

Eureka Sch.

12,000 105-595
4,800 H100
100,000 100-255
100,000 100 625
150,000 10023
10.C00 105-638
3,500 105 68
14.000 108 289
7,000

1925

5
5
5
5
5

. .

Price.

813,000

3\

2476.. Elkhart Co.. Ind
170..Elkton, 8. Dak
170..Eikton. 8. Dak
45..Elmwood Place, Ohio.
45. .Elmwood Place, Ohio.
2635.. Emerson (Neb.) Soh.
Dlst

46..IronOo., Mich
2477..Ironton. O. (3 Issues).
46.. Jefferson Seh. Dls., la.
Boh. Dlst.,

44
5

1906-1911
1907-1915
1925

44

2477.. Jersey City, N.

J. (3

4

46. .Jordan. Minn
46. .Kandiyohi Co . Minn.
2636. .Kannan City. Mo
46. Kearny, N. J

2477. Kearny Co., Kan
178.. Key West, Via
.

.KlnKtlcht-r,

46. Klticry,

7,500

5

8.

Okla

Me

115

44
4
4

'-j

5
6

(1885- 1965

880.000
1H.000
15,000
150,000
207.0(0
85,000
195 000

Ifc06-"l921

«.0<.0

1935
1906 1928
190*11)12
1924
""1986""'

5

84

103712

12,000 101-66
20,0)0 :ioo
44.500 112-586
20,000 101-385

2477. .Jefferson

46
4

4
6
5

2635..uedham, Mass
4
170..DefianceTwp.,Ohlo.. 6
2635..Dowler Turnpike No.
51, Ohio
44
2635. .Dunn. N. C
45.. East Waterloo (Iowa)
Bch. Diet
4
45..Eau Claire, Wis
4
2476..Edwaidsdale, Pa

Issues)

1906 1930

1910-1929
1906-1910
1915
1907-1911
1906-1915
1930

Dlst
4
1925
44..Cceur d'AUene School
Dlst, Idaho
5
11915-1925
170.. Columbus, O. (33 Is.). 4A44
1909-1916
170.. Covington, Ohio
5
11910-1915
2475.. Crawford Co.. Iowa... 4
2475..Crawfordsvllle. Ind.. 4
1910-1917
44. .Crestline (O.) Beh.Dls. 5
1906-1910
Crystal Falls (Mich.)
2475..
Soh. Dlst
4io
1906-1924
44. .Cuming Co.. Neb
1910-1919
2415..D»n'ortb, Minn
4
1906-1915
45. .Dayton, Ohio
5

2635

Amount

171..Hino«ley Twp. (Ohio)

500,000

11910 1925
1919-1922

1S06-1935
1906-1935
1935
1909-1915

6

10112

Bowling Green Bch.
Dlst.,

Ga

44. .Champion and Denmark Bch. Dlst. No.
2, N. Y
2475.. Charleston (W. Va.)
Boh. Dlst

.

June Bond bales.
Page.

Minn

2634..Cedartown,

19061915

4
5

2635..Eidon (Mo.) Soh. Dlst.

Boston placing $3,900,000 at public sale and
$326, GOO in its own sinking fund made the largest disposal of
the month. Among other sales may be mentioned $1,100,000
(two issues) by Shelby County, Tenn.; $910,000 (six issues)
by Allegheny, Pa. $880,000 (three issues) by Jersey City,
N. J., and $850,000 (two issues) by Cincinnati, Ohio.
The number of municipalities emitting bonds and the number of separate issues made during June 1905 were 276
and 374, respectively. This contrasts with 248 and 359 for
May 1905 and with 228 and 851 tor June 1904.
For comparative purposes we add the following table
showing the aggregates for June and the six months for a
city of

series of years

Issues).

(3

Maturity.
1910-1945
1908-1917
191H-1921

Y.)

169..Carplo8ch. Dls.,N. D.
2415. Cass Co., I nd
4 4.. Carlton,

Terms

(N.

Sen. Dlst. No. 1

Supplbmknts

all

10?

35.01 O

100133

10003
100

100006
105»21
100
100*889
10

THE CHRONICLE.

168
Name.
Bate.
Page.
2477. Kooohiohlng. Minn... 6
4
2417.. LaCroase, Wis
2417.. La Crosse, Wis
4
4
2417.. La Crosee, Wis
46. .Lamberton, Minn
5
2636.. Langdon, N. Dak
5
2478.. Laporte, Ind
4
172.. Lawrence Co., 1:1
5
2417.. Lawreaoe Co., Inrt
4 1*
2417.. L iwrenoe Co., In*!.-.. 4 1*
2417.. LenardsvlUe (N. Y.)
Son. Dlst
4
46.. Lewlston. Idaho
5
46.. Liberty, Mo
5
2478.. Lincoln Co. (Wash.)
4i«
Son. Dlst. No. 84
2636. .Lisbon, O. (6 lsenee).. 5
46. .London, Ohio
5
2478. .Long Branch, N. J
4
172. .Lod e view, Texas
5
2636. .Lorain Co., Obio
5
2417. .MoKeesport (Pa.) 8ch.
Diet
4
2417. .Mamaroneck, N. Y... 3-75
2478. .Man 1st lii ue, Mloh
5
2417. .Manatleld. Ohio
5
2636. .Marble CHS Sch. Dls.,
Ohio
5
2417. .Marlon (O.) Soh. Dls.. 4^
2478. Marlborough, Mass... 4
2636. .Meadville, Pa
4
2417. .Medina Co., Ohio
5
172. Mlddletown, Ohio
4
2417. .Mlddletown, Pa
4
2478. .Mlddletown (O ) Soh.

Maturity,
1925
11915-1925
11915-1925

U915-1925
1915
1925
1906-1915

1906 1916
U915-1925
11915-1925
1917-1930
1906-1910
1935

U91S-1945
1906-1907
1910-1934
1910-1934
1908-1933
1906-1920
1910-1920
1907-1924

1906 1909
1925

4

Dlst

2637. .Mlnler (111.) Soh. Dlst.
172. .Minnesota Sob. Dlsts.

4H

1907-1915

(3 Issues)

172. Monett (Mo.) Soh. Dls.
2417. .Montgomery Co., Ohio
2637. .Morganton, N. C
26S7. .Morton Co., N. Dak...
47. .Mt. Clemens, Mloh
2418. .Mt. Gllead Sch. D., O.
2418. .Mt. Vernon, N. Y
2418. .Mt. Vernon, N. Y
2637. .Mt. Vernon, N. Y
47. .Nashua, N.
.

H

2478. .Newark, N.J.
2637. .New Hampshire
2418. .NewRocbelle, N. Y...
172. .New York City (2 is.).
2637 .North Ft. Worth (Tex.)
Sch. Dlst
2478. .No. Hempstead, N. Y.
47. .North Wales. Pa
2637. .Norwood (Ohio) Soh.

4

1915
1908-1935

4>a
4»s

1915-20-25

4
5

1905-1906
1945

4*3

4
5
4

4

4
3**
3*q
3*8

6

191C-1933
1906-1917
1926-1935
1934-1937
1916-1920
1925

1906-1925
1906-1910
1924 A 1954
1

3

1910-1929

4
3>a

U911-1935

2,500 J 10
10,000 102-05
40,000 102125
H.000 100025
17,500 100142
17,240 100145
5,500 100
62,500 10206
55,000 104 75

5,000
7.C00
56,000
150,000
25,500
6,000

254,000
50,000
125,000
37,200

100
108
101-60
101-062

101284
100-96
103-68

10012
102-809

10107

6,000 103-391
30,000 104 85
60.000 104411
30,000
5.200 ib"i :404
25,000 100-666
45,000 102-833

5,000
9,000

101-166

10010
100

13,200 100
50,000 10053
30,000 10502
25,000 100
51,000 100-441
12,000 101
31,000 101-467
120,000
12,000 106 342
50,000 106-678
20,000 107-38
59,010 103-202
10,000 100-556
70,000 1T102088
200,000 102619
40,000 101-39
20,000 H100
23,000 101-95
20,000 102-63
12,000 100

1915-1935
1920
1908-1916
1925
1906-1915

1925

4*a

5
5

3h

52,000 103
38,000 100-76
9,000 100011
10,000 102-63
20,000 100625

1925
1906-1915

4

Dlst. (2 issues)

2478. .Ocean City, N. J
2478. .Ooean City. N. J
2479. .Ocean Park, Cal
2637. .Ogdensburg, N. Y
2418. Oklahoma City (Okla.)
Soh. Dist

Price.

$15,000 100
100,000 101255
20,000 101-275
15,000 10125

128.000

(42 Issues)
172. .Minnesota Soh. Dlsts.

2637. .Moberly, Mo
2417. .MonaoaSoh. Dis, Pa.

Amount.

60.000 10533
48,000 105-675
3,890 100

1910-1925
1935

10.000 100
8,500 100-30
20,000 100-215

Cage.
175.

I

Name.
Van Eman Road
46,

4i«

Ohio

2421. WakeOj.,N. C
2422. Warren Co.. Ind
2481. Washington, N. C. (2
lssnf-s)

175. Washington Twp., O..
49. Watet loo,

Iowa

5
4

5
6

1906-1919
1935
1910-1913

22,000
1,000
55,000
5,000
20,000
70,000
15,000
75,000
17,500
40,000
9,000
210,000
30,000
15,000
40,000
21,000

5
is.)

4

4k

Windham, Conn
2640. Winona Co., Minn....
50.

2422. Wlnooski. Vt
50. Wlsner, Neb
176. Woodbury Co., Iowa.
2481. Worcester, MaBs
2481. Worcester, Mass
2481. Woroester, Maes
2481. Xenla. Ohio
2481. Yakima Co. (Wash.)
Boh. Dlst. No. 32....
2481. Yakima Co. (Waeh.)
Soh. Dlst. So. 34....
2640. Yates (N. Y.) Sohool
Dlst. No. 3

3>a

1916-1935
1906-1920

1930
1911-1915
1915-1934

4
4
4

11910-1925

5
4

19061910

ZH
3 1*

3 *
1

4^

1935
1915
1915
1906-1916
1915

41*

4*2

4

Price.

87,500 100
33,000 111-838
30.0C0 103-118

1907-1909
1925

4

2639. Waverly, III
2639. Waynesboro,Pa.(2
50. Weehawken, N. J
2122. Winchester, Mass

Amount.

Maturity.

Rate.
No.

Vol. lxxxl

4,000

105073
10110
102-53

10202
103-335
110-84

10006
10508
100-50

100-277

100
102-83
101-27
101-27

102034
100

4,500 100

11915-1925

1906-1917

14,000

100 105

Total bond sales for Jane 1905 (276 mucovering 374 separate Issues) . §$18,552,671

nicipalities,

.

* Average of dates of maturity,
t Subject to call in and after the
earlier year and mature In the later year. $Not Including $18,531,503.
of temporary loans reported and which do not belong in the list;
II Taken by sinking fund aa an Investment. (And other considerations.

In addition to the above we have recorded during the
of Jane the following sales by municipalities outside the United States.

month

BOND8 SOLD BT CA.KADIAN MUNICIPALITIES.
Name.
2474. Aurora, Ont

Rate.

Page.

„.

170. Dauphin, Man. (2 Is.) ..
4»*
45. Goderlch, Ont
45. Hamilton, Ont
4
171. Iroquois, Ont
4 1*
2836. Kingston, Ont
4
47. Medicine Hat, Assa.
(4 issues)
5
47. Mersea Twp., Ont.... 5

2637. Montreal, Que
2478. Moosomin, Assa

Amount.

Maturity.

$1,484
3J.000
17,000
100-000
9,702
82,000

5

1925
1906-1925
1906-1930

5

1935

4
5

1906-1925

413

19061920

I

Price.

105027
101-586
101-65
99-65

100572
100 03

54,600 100-68
20,000 109 265
170,000 1C207
30,000 10350
38,500 101039

172. .Mt. Carmel Soh. Dist.,

Ont

La

2479. .Portage

Man

2,500

100

Prarie,

5

1945

10,000
160,000

102-75
98,385

5

43. .Reglna, Assa
173. .Simpson Soh.

1925

8,000
84,193
1,209,875

101-512
99-61
99-516

1935

100,000

4%
Dlst.,

Man

48. Smith Fails. Ont.(2

Is.)

2640. .Winnipeg, Man
176. .Winnipeg (Man.) Sch.

4*a

4
4

Dlst

99-28

.

47. .Omaha, Neb
47. .Oneida, N. Y. (2 is.)..
48. .Owoeso (Mich.) Soh.
Dist
2637 .Ozark. Mo

2479. .Peeksklll, N
3637. .Pierce Co.
48.
48.
48.

2637.
2637.
2637.

2418

Y

.

(111.)

4

4

386
5

t

S65

(Wash.)
Sch. Dlst. No. 88....
.Plattsburg. N. Y
.Pleasant Ridge, Ohio.
.Point Pleasant, W.Va,
.Ponca. Neb
.Port Henry. N. Y
.Portland (Mich.) Soh.
Dist. No. 3
Potsdam, N. Y

48 .Qulnoy

4!fl

Soh. Dis.

2638 .Heading, Ohio
2638 .Red Lodge (Montana)
Sch. Dist. No. 1

4*9

3^
5

4
5

11906-1912

1925
1930
"1*925"""

385

1906-1930

7,000
50,000
2,500
15,000
6,000
35,000

100
100

11235
100

10101
101-11

1906-1911
3-80 1910 1929
1907-1914
5
4
t 1915-1925

6.000 100-583
40,000 100
120,000 105-94
27,000 10119

U915-1925

10103
32.C00 105025

433

5
5

48 .Rice Lake, Wis
2419 .Ripley Co.. Ind
41*
173 .Saginaw, Mich
4
2638 .St. Clair, Mich. (2 is.). 4»s
2361 .St. Joseph Co., Ind... 4
48 .Saline Co.. Ill
4*a
2638 .Saniord (N. C.) School
Dlst
5
2479 .San Luis ObUp High
Soh. Dist., Cal
5
48 .San Mateo (Cal.) Soh.

1906-1915
1915
1923-1926
1907-1912

1945

8,500

7.200 102-50
36,000 101-225
16.000 103 81
30.00J 102-28
146,000 101-71

10,000

106

30,0

1C3-541

>

Dist
2479 .Santa Rosa (Cal.) Soh.
Dlst
48. .Sanra Rosa Soh. Dlst..
Cal
48 ..SorantOD, Pa
43 ..8cranton, Pa
48 ..Sebastopol, Cal
2479 ..Seymour, Ind
2420 ..Shelby Co., Tenn
2638 ..Shelby Co., Tenn. ...
48 ..Selma Soh. Dist., Cal.

30,000

413

19061925

4
4
4
4

1929
1929
*1925
1921
1955
1925
1906-1925
""1925""

4
4
5
1*

.

5

19061915
1806-1915

2480 Springfield, Ohi"
174 .Springvllle, N. Y
390 190 7-1918
2480 .Stephen Ind. Soh. Dls.
No. l.Mlnn
4**
1907-1920
1906-1925
2420 .Struthers (O.) Sch. D. i*a
2480 Tampa, Fia. ( i issues) 5
11925 1955
2420 .Tiverton, R. I...
4
1930
49 .Tonawanda, N. Y
1930
5
.

. .

175

Vandalia Soh.
No. 10,

Mo

REVISED TOTALS FOR PREVIOUS MONTHS.
The following items, included in our totals for previous
months, should be eliminated from the same, as the sales
We give the page
have not been carried to completion.
in which the reason for the
number of the issue of our paper
failure to consummate the sale may be found.
Amount'
Name of Municipality.
Page.
[$50,000
50,000
85,000
2477..Harrisburg (Pa.) Sohool District (March list)
200,000
47.. Minneapolis, Minn., 2 Issues (May list)
have also learned of the following additional sales for

2634. .Carnegie. Pa. (April

414
ft

1906-1925
1925

We

previous months

5

11910-1925

:

Name.
Page.
44..0hanut,e, K»n. (2

Amount.

Maturity.

Rate,
i*.).

Price.

$46,500

..

2636. .Harvard (Neb.) Soh.

5,000 100
1907-1926
20,000 101-50
11915-1920
50,000 100
2636. .Meeker, Colo
above sales are for May. These additional May
All the
issues (less the Minneapolis item referred to above) will
make the total sales (not including temporary loans) for
Dlst..

4lfl

46.. Lamar Co.. Miss

5
6

10510

35.000
100,000
38,000
60,000
15,000
1,000.000
100,000
40,000
50,000
28,000
25,000

20,000

$16,335,783.

10510
10291
10001
105-90

J10103

100-247

101-617
108

104148

3,000 101-233
9,000 H100
12,000 10005

20,000
35,000
440,000
25,030
15.000
44,813
30,000
5,500

month

News

104-777

100-50
103

103086
103197
103 82
105-333

100

Dis!;.

4

list)
list)

45. .El Paso, Texas (April

that

48
Va
4
2638 .South Bend, Ind
4
49 .South Newburg. Ohio. 5
2480 .Bpringdale Soh. Dlst.,

49 .Troy, N. Y
49 .Tulsa, Ind. Ter
2639 ..Tarlook Irr. Dist.,Cal.

103 206

35,000

.Smith Co.,

Cal

1916-1925

$2,135,854

Total

101125

Items.

GreeuJ-burg, Ludwick, East Greenaburg and Southeast
Greensbnrg, Fa.— Greater Greemburg.—The election June 37
on the consolidation of the various boioaghs to form a
"Greater Greenaburg" resulted as follows
:

Greensbure— 781

Ludwick—95 to

to 80 for consolidation.

59 for consolidalion.

East Greenaburg— 133 to 5-i against consolidation.
Southeast Greenaburg.— 73 to 34 for consolidation.

A

Japanese L'jan.— New Issue.— new issue of £30,000,003
One($150,000,000) of i.%% 5-20-year bonds has been sold.
third of the issue will be placed in this country through
Co., the National City Banfe and the National
Knhn, LoeO
Bank of Commerce, and like amounts in London and Barlin.

&

The loan is secured by a second charge upon the tobaccomonopoly revenues of Japan which, it is said, are more than
ample to meet the interest on both this new issue and the
one made last March. Informal assurances are made here
that the proceeds will not be withdrawn before October at
the earliest, as about half the proceeds of the la st loaa^haye

:

JlJLI

8, 190.*i.

—

:

TIIK CIIRONICLK.

|

10!)

remained here up to the present time. A public offering of
the bonis is about to be made at 87?j, the eauie price as in
March last. The bonds will be dated July 10, 1905, and will
mature July 10, 1925, subject to redemption afcer July 10,
1910, at par and interest; interest payable Jan. 10 and July
The principal and interest are- payable at a fix 3d rate of
10.
exchange, r'z $4 87 in this country and 20 45 marks for the
pound sterling in Germany.
This loan is the fourth eince the outbreak of the war. Particulars regarding the previous Issues will be found in the

electric-light and power bonde.
Maturity, five bonds to fall
da* on Sept. 1, 1910, and five each vear thereafter.
Astoria, Ore.— Description of Bjr,di. Tue $10,000 54 refunding bonds awarded on June 10 to Morris Bros.
Chrlsreusenof Portland (see V. 80, p. 2834) answer to the following description: Donomination, $500. Dat«\ June 1, 1C05.
Maturity, June 1, 1910. The price
Interest, semiannual.
paid by the Portland firm was 101 "10.

Chronicle

proposition to issue $65,0

,

as follows
First loan, no.OCO.OOO 6s,

May

14, 1£04,

page 1921: also ad-

vertisement in same issue.

Second loan, £12,000,003

6a,

Nov.

19, 1904,

page 2221; also

advertisement.

Third loan, $>0,000,00:> 4^s. March 25, 1905, page 1190, and
advertisement in issue of April 1.
New York City.— Tax Hells.— The Tax Board oa Jnly 3
transmitted to the Board of Aldermen the tax ledgers, both
All the separate borreal and personal, for the year 1905.
oughs show an increase. The remark applies to personal
property as well as to real estate, except that in the Borough
of Richmond the value of personal praperty decreased very
We show below the grand
slightly, namely, by $801,260.
aggregate for the whole of Greater New York. These fig
nres differ from the preliminary totals put out last January,
in that these early figures were simply tentative, the personal property in particular being subject to heavy reductions through the swearing off process.
1905.
Real estate
$5,221,584,301
Personal estate....
690,571,926

1904.
$5,015,463,779
625,078,878

$206,120,522
65,493,048

$5,912,156,227

$5,640,542,657

$271,613,570

Total

Increase.

add herewith the totals for each borough sepaWe
rately—personal and real estate combined
1904.
Borough—
1905.
Increate.
also

:

Manhattan
Bronx
Brooklyn
Qaeens
Rlohmond

$4,389,156,971

291^33,218
1,031,894,265
149.499,728
50,072,045

$5,912,156,227

Total

49.9»7,779

$203,820,905
15,749,788
41,325,533
10,643.078
74,266

$5,640,542,657

$271,613,570

$4,185,336,066
275,783,430
990,568.732
138,81*6,650

—

&

Audubon County

is

Oct.

to the

amount

C—

H

beginning July 1, 1906.
Boston, Muss.— Bond Sale. The Board of Commissioners of Sinking Funds has purchased at par $326,0.0 Z%%
Boston Tunnel and Subway bonds maturing April 1, 1945.
Bowbells, JH, Dak.— Bond Sale Postponed.— We are advised that the sale of $6,000 village bonds which was originally advertised to take place on Jaly 25 has been postponed
until some future time.
Bridgeport, Ohio.— Bond Sale.— Oa July 3 the $3, COO 5$
water-main bonds described in V. 80, p. 2415, were awarded
to Weil, Both & Co., Cincinnati, at 102-566 and interest.
Following are the bids:
Well, Both & Co., Clncln
$3,077 00 Klrst Nat. Bank. Baruesvllle. $9,041 00

—

I

VV. a. ToddACo., Clnolu
P. S. Briggs* Co.. Cincln....

Loan matures

pay-

New

this

as follows

Albemarle Township, Stanly County, N.

C— Bond Elec-

tion.— An election will be held July 20 to vote on the question of issuing $25,000 bonds in aid of the projected Winston-

Salem South-Bjund Railroad.
Alliance, Ohio— Bond Offering.— Proposals will be received until 12 m., July 20, by Cnaa. O. Silver, City Auditor,
for the following securities :
year (aerial) street-improvement bonds. Denomination. I1.C00.
uate. Au«. 1, 190\
17.000 i% 1 S-yeur (seiibl: paviDg and intersection-fund bonds. Denomination. $tU0. Date. Aut;. 1, »9o5.
16,500** 1-3-year (serial) sanltary-sewer bonds. Denomination, $300. Date.

163,'X.O i% 1-5-

Auk.

1.

lbOo.

Interest semi-annually at the office of the City Treasurer.
Certified check for 5% of the amount of bonds bid for, payable to the "Treasurer of the city of Alliance, Ohio," required.
Parcbaser to furnish blank bonds.
Bond Election.— Oa August 5 this city will vote on the
question cf ieeuicg $100,773 water-sj stem-extension and im-

provement bonds.
Bonds Proposed.— The issuance of .$100,000 water-worksextension bonds Is being considered.
Alta. I«.wa.— Bond Sali.— On Judo 8 $5,000 4%% refunding
and $1,20 J 4\i% fun ling bonds were awarded to W. J.
Hayes & 8ons, Cleveland. Danominations, refunding issue,
$1,000 each and fundirjg iesue two bonds $500 each and one
for $200.
Date, Aug. 1, 19C5. Interest, semi-annual. Maturity, Aug. 1, 1920. subjeot to call after Aug. 1, 1915.
Arcadia, Fla.— Bonds Not Sold— Bond Offering.— We are
advised that the $30,000

5<t 20-30-year (optional) water- works,
school atd street improvement bonds offered on June 15 were
not snld, and that proposals will be received for the same
until Jnly 20, 1905,
For description see V. 80, p. 2356.
Asheboro, N.
Bonds Voted.— This place on June 20, by
a vote of 111 to 21, authorized the issuance of $10,000 school
bonds.
Ashland, Ore.— Bjnds Vottd
This city, at an election
held on Jane 10, according to report, voted to issue $30, CO J
4}4% 15-year "Ashland Creek" water-rights bonds. Interest,
Semi-annual.
B„n t Ekcticn— I; is stated thi-i city will hold an electirn
on J my 11 to vote on the question cf issniDg $50, COO 4%%

J. C.

|

Uemltn, Bddeeport

Dollar Savings

1

8.03100

Bank

8.000 00

in 1910,

Bridget du, N. J. Bonds to be Issued.—This city will issue
$15,000 4% bonds to refund part of an issue of $20,C00 bonds

payment Oct.

Date. Sept.
1,

1,

1,

1905.

1905.
Denomination of new issue,
Interest, semi-annual. Maturity,

1925.

S. Dak.— Bond Offering,—
Proposals will be received until 12 m., July 28, by the Board
of Education, F. J. Carlisle, Clerk, for $12,500 5* 10-20-vear
(optional) school-building bonds. Danomination, $500. Dite,
Aug. 15, 1905. Interest annually at the First National Bank
of Chicago.
Total bonded debt, including this issue, $36,CO0;
fljating debt, $4,000. Assessed valuation in 1904, $800,000;
real value, $3,000,000.
Brooten, Stems County, Slian.—Bjnd Offering.— Proposals will be received until 2 p. m., Aug. 15, by J. P. Fierdlnandsen, Village Recorder, for $6,500 6% 20 year water-works
and refunding bonds. Denomination, $500. Dite, Sept. 1,
1905.
Interest annually on Sept. 1 at the First National B ink
of Minneapolis.
Successful bidder must furnish blank bonds.
All bidders must satisfy themselves as to the legality of the
bonds before bidding. Certified check for $300, payable unconditionally to the Treasurer of the village, required.

C»jon School District, San Diego Connty, Cal.— Bond

H

Sale,— On Jane 29 $3,5C0
4-10-year (serial) building bonds
were awarded to the W, R. Staats Co. of Pasadena, for
$3,709.
Denomination, $500. Date, July 5, 1905. Interest,
annual.
Campbell, Neb— Bond Sale.-Oa June 30 the $7,000 5*
water bonds voted at the eleotion held May 16, 1905, were
sold to the Security Investment Co. of Lincoln.
Carpio School District, Ward County, N. Dak.— Bond
Sale,
This district recently awarded $3,50J 4% school-building bonds to the State School Fund at par. Date, June 6,
19u5.
Maturity, Juae 6, 1915.
Interest, semi-annual.

—

Cheney, Spokane County, Wash.— Bond Sale.-Oa June 24
the $8,CO0 15-year refunding bonds described in V. 80, p. 2475,
were awarded to Morris Bros.
Christensen of Portland at
101 '593 for 5% per cents, and expense of printing blank
bonds.
Md cf par was also received from Alfred Shepperd
of Battle Creek, Mioh.
Chillicolhe(lll. J School District.— Bonds Voted.— This district on June 15, by a vote of 19 co 4, authorized the issuance of
are advised
$10,000 5% 1-10-year (eerlal) building bonds.
that it will probably be two months before these bonds will
be ready for sale.

&

A

We

Cleveland Heights, Ohio.— Bond OSering.— Proposals will
be reoeived until 12 M., July 25, by William G. Pnare, Village Clerk, P. O. Falrmoanc, or at his office, 402 American
Trust Building, Cleveland, for the following securities
:

Muyneld KoRd assessment bonds. Denomination, fl.ono, exMiiturlty yearlv on Oct. I, $».OiO In 19C8 and
cept one bond for $*l
in 1907, $8, OO from imi8 to 1914. inclusive. and 12 **H m H'15.
coupon Grandvlew Avenue assessment boudn. Denomination, V
except one b ml for $-';>. M;iiurny, $iOO yearly on Ocl. from 19U7
to 1W1 j, inclusive, and $215 In 1U15.
coupon <°ov<-ntry K'""l n-.-irs-m«nt bonds. Dennmiimtlo '. $1.0< 0. except one bond for *SI. Maturity. tl.'X o yearly on Oct. 1 fi
19u9. inclusive; »<i.000 In ltflU; $1,0.0 from 19U to l»i I. Inciu-i\

127,249 coupon

'.

4,285

C—

—

3.C65 OO
3.061 50

Brookings School District,

—

week have been

court-house bonds.

annual.
Bonds Not Yet Sold.— No sale has
Bennettsville, S.
yet been made of the $5,000 4%% gold coupon electric-light
conda described in V. 80, p. 1747. The rate of interest has
now been increased to 5% and proposals will be entertained
at any time by H. L. McColl, Chairman.
Boise, Idaho.— Bond Sale.—Oa June 15 $106,678 84
sewer-district bonds were awarded to James Kennedy of
Fargo at par. Denominations, largely $500. Date, July 1,
Interest, semi-annual.
1905.
Maturity, $10,067 90 yearly,

Sipt.

1

Bond Proposals and Negotiations

10

district has sold an Issue of $17,000 4\i% 5-20-year (optional) building bonds to S. A. Kean of Chicago at par.
Denomination, $1,000. Date, July 1, 1905. Interest, semi-

$500.

of $20,000 public-building bonds.
New bonds
of $15,000 will be issued.
Cincinnati (Ohio) School District.
Bond Call— The
Board of Commissioners of the sinking fund of the school
district of Cincinnati calls for payment Oct. 1, at the American Exchange National Bank of
York City, or at the
Third National Bank of Cinoinnati, $5C0 4% bonds Nos. 121
to 170, inclusive, dated Oct. 1, 1891, maturing Oct. 1, 1911,
but subject to call sinoe Oct. 1, 1901.

ment

13.

Barnesboro (Pa.) School District.— B>nd Sale.—This

called for

Bond Calls and Redemptions.
Brldgeton, N. J.— Bond Call.— CM
made for the

Audubon), la.— Bon Is Defeated.—
by a vote of 416 to 808, defeated the

(P. O.

This county on Jane

1

12,031

MM
1,151

$2,<i:<4 In 1916.

coupon Noble Boad assessment bonds. Denomination. 1500. ri
One bond for $lvl. Maturity. *50J yearly on Oct. 1 from 19j7 to 1914.
lndUM vc. and $121 In liu.V
'excoupon Belifleld Avi'iuiu nsaessn i*nt boiidp. Denomloa
cept one bond for $161. Maturity, $100 yearly 00 Oct. 1 from 1907 to
1914. Ire Hisivo.

l.I'JJ

$151 lu 1915.

mmM v
coupon Hor«nco At.-iiu, is.c-.meii' bonds. Den uuin V.Iod. $500. Maturity yearly on Oct. 1, »50o In !*.>*, In 1911 and in WIS.
iir.il

,

THE CHRONICLE.

170

coupon Hurst Avenue road assessment bonds. Denomination. $600.
except one bond for *366. Maturity yearly on Oct. 1, 1600 In 1908 and
In lwn and $353 in 1015.
3,876 coupon Center Avenue assessment bonds. Denomination. 1600, except
one bond for 1376. Maturity on Oct. 1, $500 in each of the years 1907,
1909, 1911, 1912, 1913. 1911 and (376 In 1916.
2,852 coupon Preyor Avenue assessment bonds. Denomination, 1600, except
one bond for $852. Maturity yearly on Oct. 1, $600 In 1907, 1909, 1911,
1918 and 1914 and $352 In 1916.
1,777 coupon Oadwell Avenue road assessment bonds. Denomination, $500,
except one bond for *277. Maturity yearly on Oct. 1, $500 In 1908,
1911, 1913. and $277 in 1914.
1,690 coupon Monroe Avenue assessment bonds. Denomination, $500. except one bond lor $l»6. Maturity yearly on Oct. 1, $500 In 1908, In
1911 and In 1914. $194 in 1916.
5.490 coupon Euclid Heights Boulevard assessment bonds. Denomination.
$600. except one bond for $490. Maturity, $500 yearly on Oct. 1 from
19u6 to 19L4, Inclusive and $1)90 on Oct. 1, 1916.
9,b00 coupon Cedar Road assessment bonds. Denomination, $l,00O, except
one bond for $300. Maturity, $1,000 yearly on Oct. 1 from 1906 to 1914,
Inclusive, and $300 on Oct. l. 1915.
8,178 coupon Lee Road assessment bonds. Denomination, $500, except one
bond for $278. Maturity, $500 yearly on Oct. 1 from 1908 to 1914, inclusive, and $296 on Oct. 1, 1916.
3,796 coupon Dee Road assessment bonds. Denomination, t5 r 0, except one
bond for $296. Maturity, $600 yearly on Oct. 1 from 1908 to 1914, Inclusive, and *2G0 Iu 1916.
578 coupon Superior Street assessment bonds. Denominations, one bond
of $5ti0 and one bond of $78. Maturity. Oct. 1, 1915.
8,844 coupon Superior Street assessment bonds. Denomination, $500, except
one bond of $H4 4. Maturity, $500 yearly on Oct. 1 from 1908 to 1914,
Inclusive, and $344 on Oct. 1, 1915.
All of the above bonds draw interest from the date of sale
at the rate of 1%,'f. payable semi- annually on April 1 and
Oct. 1 at the office of the Village Treasurer, and will be dated
the day of sale. Purchaser to pay accrued interest. Certified check for lOg of the amouut of the bonds of each issue
1,855

bid for, payable to the Village Treasurer, required. Authority, Seotlon 15S 6-281, Revised Statutes of Ohio.
Bond Sale.— On June 27 the $88,115 5£ coupon sewer-assessment bonds deecribedjdn V. 80, p. 2357, were awarded to
Hayden, Miller & Co., Cleveland, at 104-378.
Collins'

N.

Tract School District, Pensauken Township,

J.—Bonds Voted.— This

district recently voted in favor of
The amount to be issued, accord-

[Vol. lxxxi.

awarded

to the Ohio National Bank of Columbus at 107-20—
a basis of about tyi%. Following are the bids:
Ohio Nat. Bank, Columbui. .$76,800 00
Seasongood A Mayer. Clncin. 76.e96 60
W. J. Haves A Sons, Cleve.
76,681 00
.

Denlson, Prior

A

Co., Cleve-

land and Boston

$75.458 60
76.25O|C0
75,176 00

W. R.Todd ACo. Cincinnati.
Jose, Parker A Co., Boston.

.

F. L. FullerA Co.. Cleveland.. 76.685 00
New 1st Nat. B'k,Columbu». 76.265 00

8.

A. Kean, Chicago

76,10100

Conway Springs School District No. 104, Sumner County*
Kan.— Bond Offering.— Proposals will be received until 6
p. m., July 15, by W. A. Thew, Clerk of School District, for
17,300 5% coupon school-building bonds. Denominations, 14
bonds of |500 each and 1 bond of $300. Date, Jan. 2, 1805.
Inter* st eemi-annually at the fiscal agency, New York City.
Certified check for 5<g of bid, payable to W. A. Thew, Clerk
of Board, required.
Bonded debt, this issue. Assessed
valuation, 1905, $126,593.
Covington, Ohio.— Bond Sale.—On June 26 the $4,0C0 5%
coupon water-works bonds described in V. 80, p. 2635, were
awarded to A. C. Cable, Cashier Stillwater Valley Bank of
Covington, at 104'50— a basis of about 4*27*.
Dallas, Texas.— Bond Ordinance.— An ordinance has been
introduoed Into the City Council providing for an election to
submit to the voters the question of issuing $300,000 bonds
for water-works improvements.

Dallas County, Texas.— Eonda Authorized.— The CommisCourt on June 10 authorized the issuance of the
$169,000
road and bridge funding bonds mentioned in V.
Denomination, $1,000.
Date, June 10, 1805.
80, p. 2415.
Maturity, June 10, 1945, subject to call June 10, 1910.
Danville, Ya.— Bonds Voted.— At the election held June
20 this city, by a vote of 306 tc 36, authorized the issuance of
$50,000 4% street-improvement bonds. Maturity, 1935. We
are advised that these bonds will be disposed of at private
sioners'

H

sale.

Columbus, Ohio.— Bond Sales.— The following bonds were
purchased by the sinking fund at par during the month of

Sale.— On June 20 the $25,0CO
fire-hall-completion 5£
debentures described in V. 80, p. 2283, were awarded to the
Ontario Securities Co., Ltd,, Toronto, at 101-586. Following

June

are the bids

school- improvement bonds.
ing to reports, is $25, COO.

Amount.

Interest.
Purpose.
4 1*
$20,000.. Street sprinkling
60.000.. Street Intersection
4Hi
4>*
12,000. .High Street repair
6,500.. Sixth Street imp'ment. 4
Almond Alley lmpt
4
2,000..
5,500. .Sobiller Street impt.... 4
5,000.. Worthington St. impt.. 4
1,500. .Mt. Vernon Ave. repair. 4*a
1,000.. Eldon Ave. sewer.. .... 4
4
1,000. .Indlanola sewer

1,000.. RenneobRnn sewer
8,000.. Sixteenth Ave. impt...
2(500.. La zelle Street lmpt
35,000.. Central Relief sewer...
1,000. .Library equipment
5, 000.. Second Ave. impt
5,000. .Tour Street impt
10,000.. Eleotrlc-light works
1,000. .Sewer, W. Olarendmar.
5,500. . Sewer, N. Broad St
9,500.. Sundry Btreet repairs..
2,000. .Broad Street repairs...
7,000. .Fourth Street repairs..
2,500. .Spring Street lmpt
2,000. .Gay Street impt
6,000. .Hamlet Street impt
2,500.. Bennett Street impt
20,000.. Tunis Ave. impt
7,500. .Noble Street lmpt
2,600. . Pennsylvania Ave.lmpt.
11,000.. Long Street repairs
10,000.. Koseuth Street lmpt...
3,000., Gilbert Street lmpt

Maturity.

1907
1915
1907
Sept 1, 1915
Sept 1,1915
Sept 1, 1915
Sept 1, 1915
Sept 1, 1907
Mar. 1, 1925
Mar. 1, 1925
Mar. 1, 1925
Sept 1,1915
Sept 1,1915
Mar. 1, 1925
Mar. 1, 1925
Sept 1, 1915
Sept 1, 1915

1,
Sept. l,
Sept 1,

4
4
4
4
4
4
4

4^
4

4
4
4
4
4

4
4 1*
4
4

Mar.

Mar.

4

4*3
4i«
4*a
4*3

Subject

Sept 1, 1907
Sept 1,1907
Sept 1, 1907
Sept 1, 1907
Sept 1, 1907
Sept 1, 1915
Sept 1,1915
Sept. i, 1915
Sept. 1, 1915
Sept 1, 1915
Sept 1, 1915
Sept 1, 1915
Sept. 1, 1907
Sept 1, 1915
Sept. 1, 1915

to call.

1906

1,

Sept 1, 1906
Sept 1, 1905
Sept 1, 1905
Sept 1, 1905
Sept 1, 1905
Sept 1, 1906
Mar. 1,1915
Mar. 1, 1915
Mar. 1, 1915
Sept 1,1906
Mar. 1, 1915
Mar. 1, 1915
Sept 1, 1905
Sept 1, 1905

Sept
Sept
Sept
Sept
Sept
Sept
Sept

Sept

1,

14)08.

1,000 4Ji* sewer bonds. Maturity, Sept. 1, 1907, optional after March 1, 1906.
11,000 4% Hamlet Street bonds, denomination, $l,u00. Maturity, Sept. 1, 1915,
onttonal after Sept. 1, 1906.
1,000 4&» Locust Street bonds. Denomination, $500. Maturity, Sept. 1, 1907
optional after Sept. 1, 1906.
1,000 4%% Nell Avenue bonds. Denomination, $500. Maturity, Sept. 1, 1907
optional after Sept. 1, 1906.
5,500 4%% sewer bonds. Denomination, $500. Maturity, Sept. 1, 1907, optional
alter March 1. 1906.
600 4\i% Oak Street bonds. Maturity, Sept. 1, 1907, optional Sept. 1, 1966.
8,000 4J*S Russell Street bonds. Denomination, $500. Maturity, Sept. 1, 1907
optional after Sept. 1, 1908.
800 4)6% Denmead Avenue bond. Maturity, Sept. 1, 1907, optional after
Sept. 1, 1908.
4,000 4H% Dennison Avenue bonds. Denomination, $600. Maturity, Sept 1
1907, optional after Sept. 1, 1906.
2,600 4% Sprlnn Street bonds. Denomination. $500. Maturity, Sept. 1, 1916
optional after Sept. l, 1906.
500 4J«% State Street bond. Maturity, Sept. 1, 1907, optional after Sept. 1,

Maturity, Sept.

1,

1906.

700 4)4%

Gay

Street bonds.

Maturity, Sept.

1,

1106.

11,000
50,000
2,000

4H% assessment bonds. Maturity,

Sept.

Sept. 1, I9i.iti.
4H% special assessment bonds.

1,

1907, optional after Sept.

1,

1907, optional after Sept. 1
1907, "subject to call after

Maturity. Sept. 1, 1915.
4j6 Almond Alley assessment bonds.
Denomination, $500. Maturitv '
Sept. 1, 1915. optional after Sept. l, 1906.
2,000 4% Sixth Avenue assessment bonds.
Denomination, $600. Maturity
Sept. 1, 1915, optional after Sept- 1, 19t)6.
9,000 4% Gilbert Street improvement bonds. Denomination, $1,000. Maturitv

'

Sept.

1,

1915, opt'l after Sept.

1,

$10, COO

town and

:

Ontario Sec. Co.. Ltd..Toron.$S5,556 00
Wm. Brent, Toronto
35.808 CO

Maturity, Aug.

J.

W. Nay, Reglna

$3P,110 00

I

1925.

1,

Dawson School District No 6, Colfax County,
Bond Offering.— Proposals will be received until 12

M.—

N.

m., July
10, by the Board of Education, for $6,000 6* 10 20 year
(optional) school-house bonds.
Date of issue, July 1, 1905.
Interest, semi-annual.
Defiance Township School District, Ohio.— Bond Sale.—
On June 24 the $750 Q% bonds described in V. 80, p. 2635, were
awarded to the State Bank of Defiance at 101.

Detroit (Tex.) Normal School District.— Bonds Regisschool-building bonds retered.—On June 22 the $20,000
cently offered for sale were registered by the State Comp-

H

We

are
Dodge, Neb.— Bonds Not Sold— Bond Offering.—
advised that tbe $2,000 o% 10-20-year (optional) lighting and
the $8,000 5% 5-20- year (optional) water-works bonds offered
on June 17 were not sold, no satisfactory bids being received.
Proposals are again asked for these securities until July 15.
For description see V. 80, 2233.
Dover, Del.— Bond Election.— An election will be held July
similar
17 to vote on the question of building new sewers,
proposition was submitted to a vote and defeated about six

A

missioners at the Treasurer's office for $10,000 water bonds
Denominations, $1,000 and
at not exceeding 8% interest.
Maturity, $2,500 on July 15 in each
$500. Interest, annual.
of the years 1915, 1920, 1925 and 1930. E. A. Griffin is Secretary of the Board of Water Commissioners.

Elk Rapids, Mich.—Bonds Voted and Defeated.—Two bond
propositions were submitted to a vote of the people of this
village on June 19, with the following result
$!0,000 electric-light bonds. Vote 165 for, 150 against. Proposition defeated,
as two-thirds vote was required on this question.
10,000 bridge bonds. Carried by vote of 165 to 157.

Elftton, S. Dak.— Bond Sale.— On June 26 the $9,000 5%
water- works and the $6,000 5% light-plant bonds described in
V. 80, p. 2635, were awarded to Albert C. Case, New York
FolCity, for $15,127 and interest— a basis of about 4'91^.
lowing are the bids :
Albert C. Case. New York
H. Coffin, Chicago

.

C.

. .

$15,187 00
15,027 00

I

Kane A

Co.,

Minneapolis

$15,086 00

|

School District No. 46—Bond Offering.—
be received until 7:30 p. m,, July 10, by
F. W. M. Hammerschidt, Secretary Board of Education, for
$10,000 5£ bonds, maturing $3,500 yearly on July 15 from

Elmhnrst

(111.)

Proposals will

1906 to 1909, inclusive.
Everett, Mass.— Bond Sale.— On June 30 the $25,000 A.%
28-year surface- drainage bonds described in V. 81, p. 45, were
Co., Boston, at 109*357 and interest
awarded to Estabrook
—a basis of about 3 '47£. Following are the bids

&

:

'

1»06.

Eldon Avenue storm-sewer bonds. Denomination, $1,000. Maturitv
March 1. 1925, subject to call March 1, 1915.
7,000 4% Hildreth Avenue improvement bonds. Denomination, $1,000
Maturity, Sept, l, 1916, opt'l after Sept. 1,1906.
2,000 4it% Summit Street improvement bonds. Denominstion, $5C0. Maturity, Sept. 1, 1907. opt'l after Sept. 1, 1906.

3,000 4%

Kstabrook A Co., Boston.
Jackson A Curtis. Boston
E.

109-357

H8-301

H. Rollins A Sons, Boston... lOb'276

108-17
A Co.. Boston.
Blodget. Merrltt A Co., Boston. 10b-16
...10S-08B
R. L. Day A Co., Boston

Blake Bros.

March

1

Geo. A. Fernald ACo..Boston..l08-08e
108-061
N. W. Harris A Co., Boston

Columbus (Ohio) School District.— Bond Sale.— On July

8

Bonds Voted.— According

Interest on all the above bonds will be payable
1 at the office of the City Treasurer.

and Sept.

the $25,000 i% 20 year bonds described in V. 80,

I

C

will be

tional aner Sept. 1, 1906.
1,000 4)$% Spruce Street bonds. Denomination, $500. Maturity, Sept. 1, 1907,
optional ofier Sept. 1, i9w.
600 4)4% Fifth Street bonds. Maturity, Sept. 1, 1907, optional after Sept. 1.

Street bonds.

and

months ago.
Dofur, Wasco County, Ore.— Bond Offering. —Proposals
1906
received until July 15 by the Board of Water Com-

Bonds Authorized.—The City Council has authorized the
Issuance of the following coupon assessment bonds :
$8,000 4% Gay Street bonds. Denomination, $500. Maturity, Sept. 1, 1915, op-

4H% Third

Man.— Debenture

troller.

1906
1906
1906
1906
1906
1905
1906
Sept. 1, 1906
Sept 1,1905
Sept 1, 1905
Sept 1, 1905
Sept 1, 1905
Sept 1, 1906
1,
1,
1,
1,
1,
1,
1,

Total sales, $274,000.

3.0C0

Dauphin,

electric-light

p. 2475,

were

E. C. Stanwood A Co., Boston. .108-03
Jose, Parker A Co.. Boston
107 99
Geo. Mixter, Boston (fs6 prem.). 107-95
-

Farson, Leach
Merrill,
S.

A

Co., Boston.. .107*35
Co., Boston,106-r39

Oldham A

A. Kean, Chicago

Little.

Hunt A Co

106'60
106-00

Florence School District, Los Angeles County, Cal.—
to local report this district has
voted to issue $18,000 school bonds.

:

.li

\/\

—

:

1905.

8,

:

school-building bonds described in V. 80, p. 2685
Robinson-Humphrey

Co.. Chatta'ga. 104-00

|

10373

I

IOS'01

I

M. Stafford &
Albert C. Cane. New York
Chas. II. Coffin, Chicago

:

102-31
Browne-EUInwood Co., Chic... 102- IS
101'CO
8. A. Keau. Chicago

tanta....

I

.

asked, this time until 9:3J a. m,, Jnly 17*
less than $500 premium will be considered,
the district having a local guarantee of that amount.
Fredtricksbarg, Ta.— Bond Sale.—Od June 15 $25,000 4%
gas and water-works bonds were awarded to the National
of Fredericksburg at par. Denomination, $1,000.
turity, $5,000 yearly, subject to call at any time.

Bank

Ma-

Gaylord, Sibley Comity, Minn.— Bond Sale.— On July 1
the $9,000 5% 10-year funding bonds described in V. 80, p.
2476, were awarded to F. E. Magraw, St. Paul, at 105 and
Interest— a basis of about 4%i. Following are the bids:
E.Magraw, St. Paul
W. J. Hares * Sons. Cleve..
Kane * Co, Minneapolis
Browne-Elttnwood

$9,450 00
0,887
9.200 00
Co.. Chlo. 9,167 00

I

I

Rogers Lumber

Co.. Drake.. $9,000
9.090
9.009
8.
Albert C. Case, New York. . 9,000

John Nuveen * Co., Chicago.
A. Kean, Chicago

.

.

00
00
00
00

Genera (111.) School District No. 98— Bond Sale.— On
June 21 $15, COO 4} it bonds of this district were awarded to
the First Trust <& Savings Bank of Chicago at 104*04. Denomination. $1,000. Interest, annual in September.
Grand Prairie (Tex.) Independent School District.—
—Bonds Registered.— The State Comptroller on June 26 registered an issue of $3,000 4* 20-40-year optional) school-house
bonds dated June 1, 1905.
Green Bay, TVis.— Bond Sale.-Oa June 28 the $12,000
i% 9-2C-year (serial) bridge and the $5,000 4$ 16-20 year
(serial) relnnding bonds dated Jan. 1, 1905, described in V.
80, p. 2476. were awarded to the McCartney National Bank
of Green Bay at 101-458 and 101*50, respectively. Following
are the bids
$1?,000 Bonds.
$12,175 00
12.163 00
12.U5 00

McCartney Nat. Bank, Green Bay.
R. Kleybolte A Co.. Cincinnati
MacDonald. McCoy & Co.. Chicago.
John P. O'Brien & Co., Boston
W.J. Hayes A Sons, Cleveland
Farson. Leach & Co., Chicago
N. W. Halsev & Co., Chicago
.

N.

W. Harris &

Co.,

Chicago

55/00 Bonds.

00

20
00
50

6,079
5,077
5,066
6,007

00
OO
00
00

Kellogg Nat. Bank, Green Bay

W.

R.

Todd A

Co.. Cincinnati

For Both.

$5,076 00
6,096 00
5,083 60
$17.226 00

12,143
12,139
12,134
12,128

17, Voo 00

12,050 00

171

County Commissioners, for $13,000 5* coupon pike-improvement bonds. Denomination, $500. Date, Sept. 1, 1905.
Interest semi-annually at the office of the County Treasurer.
Maturity, $1,500 on Sept. 1 from 1908 to 1911, inclusive, and
$1,000 on Sept. 1 from 1912 to 1915, inclusive. Bonds must
be furnished by purchaser. Cash or certified check in the
sum of $200 is required. John A. Sutton is County Auditor.
Hurriiuan, Tenn.— Bond Offering. Farther details are at
band relative to the offering of the $100,000 5% gold coupon
refunding bonds mentioned in V. 81, p. 45, Proposals will
be received for these securities until 12 m., July 12, by C. E.
Hendrick, Mayor, and the City Council. Denominations,
of

—

At-

Co.,

New bids are
No propoeal for

F.

;

THE CHRONICLE.

|

Foxborougb. Mass. Temporary Loan.— This town has
borrowed $5,000 from Jose. Parker & Co., Boston, at 8 59 %
discount. Loan matures in five months.
Franklinton (N. C) Graded School District.- B tds Refected—Bond Offering.— The following bids, all of which
were rejected, were received on July 1 for the $10,000 5*
F.

:

$50 to $1,000. Date, April, 1905. Interest, semi-annually at
place to suit purchaser. Maturity, April 1, 1925. Certified
check for $2,000, payable to L. O. Scott, City Treasurer, required. Bonded debt, this issue. Assessed valuation, 1905,

Actual valuation (est.) $3,000,000.
Haverhill, Mass.— Bond Sale.— Tne $28,000

$1, 1C6, 009.

3%%

1-10-year

coupon street and Bewer bonds offered but not sold
on June 19 have been taken at par by the State Treasurer.
Hawaii.— Loan Approved. Reports from Washington
state that President Roosevelt has approved the issue of
$600,OCO 4s! gold bonds of this territory for the purpose of refunding the 5# gold bonds of the Republic of Hawaii, issued
under an Act of the Legislature of June 13, 1896.
Hennepin Connty, Minn.— Bids.— Following are the bids
received June 5 for the $10,500 drainage bonds awarded, as
stated last week, to the Union Investment Co. of Minneapolis:
(serial)

—

Union Investment Co., par for i% bonds maturing $1,000 yearly from two to
nine years and $2,500 In ten yoars. This bid was accepted.
Union Investment Co., $50 premium for 4$ bonds maturing $5,000 In Ave
.
years and $5,500 in ten years.
Miunesota Loan A Trust Co., premium of $137 60 for i%% bonds.
premium of $126 and interest for 6% bonds.
Kane & Co.,
S. A. Kean, premium of $102 00 for 6% bonds.

Henry County (P. O. Napoleon), Ohio.— Bids.— Following
are the bids received June 20 for the four issues of 4%% township road-improvement bonds, aggregating $50,500, awarded,
Sons of Cleveland
as stated last week, to W. J. Hayes

&

W. J. Hayes &Sons, Cleve. ..$61,200 00 Denlson, Prior & Co., Cleveland and Boston
LamDreohtBros.&CcOleve. 51,091 00
$61,035

10

Seasongood & Mayer, Clnctn. 50,986 60

Hinckley Township (P. 0, Hinckley) School District,
Ohio.— Bond Sale.— On June 17 the $5,000 5% coupon school
bonds described in V. 80, p. 2477, were awarded to the
Phoenix National Bank of Medina at 101*12— a basis of about
4*77*.

6,025 00

Holdrege School District, Phelps County, Neb.— Bond
Sale.— On July 3 the $17,000 5% 20-year high-school district
Greer (S.C.) School District.— Bond 8ale.—This district, bonds described in V. 80, p. 2477, were awarded to W. E.
we are informed, has sold an issue of $10,000 5$ 20-year bonds Barkley Jr. for $18,200. Following are the bids
dated Nov. 1, 1904, to F. R. Fulton & Co., Chicago, at par.
$18,200 00 Am. Sec. Corp.. Cedar Rap... $17,340 00
W. B. Barkley Jr
Interest, semiannual.
18,175 00 w. J. Hayes & Sons., Cleve. 17,207 00
W. W. Russell. Denver
17.910 00 W. B. Todd & Co., Cincinnati. 17,120 00
Grey Eagle, Minn.— Correction.—The maturity of the City Nat. Bank, Holdrege.
Trowbridge & Nlver Co..Chlc. 17.680 00
$2,C00 6* village-hall bonds, proposals for which are aBkedfor
until 8 p. m., Jnly 14, is $500 yearly from two to 5 years after
Hudson Connty (P. O. Jersey City), N. J.— Bond Sale.date and not from one to four years, as stated last week. Oa July 6 the $750,000 4$ 30-year gold coupon refunded-warOther details of offering are as published. The village has no renewal bonds described in V. 80, p. 2636, were awarded to
Kountze Bros., New York City, at 102*578— a basis of about
bonded debt at present.
Groton, Conn.— Bond State.— This borough recently awarded 3'85%£. Following are the bids
$50,000 it refunding bonds to E. H. Gay & Co., Boston, at Kountze Bros., New'York
102 578 J. Walker * Sons and F. W. 1
101-578
Moslev A Co
101*50.
Securities are dated June 1, 1905, and mature June Jno. D. Bveritt & Co. and Far•on, Leach & Co., New York-aca^? N. W. Halsey & Co. and N. W.
1, 1925.
101144
Harris & Co., New York
Grandy Center (Iowa) School District.—Bond 8ale.—Oa
Proposals will be reHumboldt, Neb.—Bond Offering.—
July 1 $3,500 4}4i school-heating-plant bonds were awarded
ceived until July 14 for the $4,000 5% 10-20-year (optional)
to Geo. M, Bechtel & Co., Davenport, at par. Denomination,
Date, July 1, 1905. Interest, semi-annual. Maturity, city-hall bonds authorized at the election held June 24. The
$500.
vote at this election was 164 for to 55 against.
July 1, 1915, subject to call after July 1, 1908.
Indianapolis, Ind.— Bond Sale.— Oa July 7 $45,000 Z% per
Hackensack, N. J.— Bond Offering.— Further details are
cent coupon non-taxable refunding bonds were awarded to
at hand relative to the offering on July 17 of the following
the Fletcher National Bank of Indianapolis for $46,444 50.
secnrities
Denomination, $1,000. Date. July 1, 1905. Interest, Jan. 1
{122.0C0 i% coupon Main Street. Elm and Spring Valley Avenue bonds. Date,
and July 1 at Winslow, Lanier & Co., New York City.
July 1. 1905. Maturity. $5,«0J yearly on July 1 of the years 1906
and 1907, $4,000 yearly on July 1 from 1908 to 1935, Inclusive. Certi- Maturity, July 1, 1925. These are the same bonds awarded
fied check for $3,500 required.
on June 20 to J. F. Wild & Co, of Indianapolis. A re-sale
13,000 4% coupon Broadway, New Street and Campbell Avenue bonds. Date,
July 1, 1905. Maturity, $1,000 yearly on July 1 from 1907 to 1919, in- was made necessary for the reason that the ordinanoe authorclusive. Certified check for $1,000 required.
izing the bonds called for June 21 as the date on which bids
were to be opened, whereas the advertisement, under a misapProposals for the above bonds will be received until 8 r n
en that day by the Hackensack Improvement Commission, prehenpion, was made to read June 20.
Jacob Bauer, President. Interest, semi-annual. Purcnaser
Ironton, Ohio.— Bond Offering.— Proposals will be received
to pay accru-d interest. Certified checks to be made payable until 12 m July 11, by F. A. Ross, City Auditor, for the folto the Hackensack Improvement Commission,
lowing coupon street-improvement bonds
Hamilton, Ohio.— Bond Sale.— On July 1 the $7,000 4%% $H,100 6« 1-10-year (serial) Park Avenue bonds In denomination of $610 eaco.
..
10-year coupon sewer bonds described in V. 80, p. 2416, were
denomination of
4,200 656 1-10 year (serial) Centre and Sixth Street bonds In denomlna
$420 each.
awarded to the Second National Bank of Hamilton at 105*057
—a basis of about 3 88}£S.
Date, June 1, 1905. Interest eeml -annually at the office of
Bonds Authorized. ibe City Council recently authorized the City Treasurer. Proposals must separately state the
the issuance of $218,700 414% street-paving bonds.
amount bid for each set of bonds, the number of bonds bid
Hammonton Scho>l District, N. J.— Bond Offering.—Pro- for and the gross amount of bid and accrued interest to data
posals will be received until 8 p. m., July 25, by W. R. Seely, of delivery. Certified check for $100, payable to the City
District Clerk, for $18,000 4% coupon school-building bonds. Treasurer, is required.
Authority, Section, 95 of the Onio
Denomi cation, $1,000. Date, Aug. 1, 1905. Interest semi- Municipal Code.
annually od January 1 and July 1 at the People's Bank, HamIroquois (Town), Ont.— Debenture Sal>. — Oa May 27
monton. Maturity, $1,000 each year on January 1 from 1918 $9,70i 17 4%t debentures were awarded to Wood, Gundy &
to 1935, inclusive. Certified check for 5% of the amount to Co., Toronto, at 100*572.
Following are the bids
be issued, payable to A. B. Davis, Custodian, is required. Wood.
?°-* 599
Gundy * Co..TorontO. $9,757 70 Wm. C. Brent
C.H.Coffln, Chicago

iV.beioo

:

.

. . .

-

*

I

,

—

:

t

Bonds are

free from tax.
Total school debt, including this
issue, is |30,0C0.
The above bonds were authorized at an
election held June 5, 1905, and the pioceedings were approved by the Attorney-General of the S;ate of New Jersey

on June

12, 1905.

Hancock County

(P. O. Findlay), Ohio.— Bond Offering.—
Proposals will be received until 12 M., July 24, by the Board

1

I

O. A. Btlmson* Co., Toronto.
II. O'Uara, Toronto

9.715 <>0
9,043 70

Ontario Sec. Cory., Toronto.

9,350 00

I

Isllp School District No. 2, Suffolk County, N. l.-Bond
Offering.— Proposals will be received until 8 r. m.. July 11,
by Wllimirth Hail. Clerk of School District, for $11,5U0 4%
registered school-addition bonds. Interest payable at the

South Side Bank, Bay Shore.

THE CHRONICLE.

172

H

20Jennings, La.— Bond Sale- On July 1 the $35,0 >0
year (average) school bonde described In V. 80, p 2368, were
awarded to Seasongood & Mayer, Cincinnati, at 101167
basis of about 4909£.
Kewaunee, Wis.— Pond Srte This city recently awarded
the |8,000
bridge boDds mentioned in V. 80, p. 2358, to the
State Bank, Kewaunee. Maturity, |2,000 in 4, 6, 8 and 10

—

—

H

Fla.— Bond Sale.— On Jane 26 an issue of $195,COO 5% refunding bonds was awarded to O'Connor & Kahler
Date, July 1,
of New York City. Denomination, $1,000.
1905.

Wefct,

Maturity, July

Interest, semi-annual.
1, 1935.

1,

1955, snbjsct

Lakewood, Ohio.— Bond Offering.— Proposals will be received until 12 m July 25, by Henry J. Sensel, Village Clerfc,
for $8,200 6% Wagar Avenue improvement bonds. Bonds
will be dated day of saK Denomination, $820. Interest,
semi-annual. Maturity, $820 yearly on Oot. 15 from 19C6 to
,

cheok on a Lakewood or Cleveland
bank for 10* of bonds bid for, payable to the Treasurer of
the village of Lakewood, required. Purchaser must pay accrued interest.
Lasalle County, Tex.— Bonds Registered.— An issue of
5-40-year (optional) court-house bonds was registered
$6,C00
by the State Comptroller on June 28. Securities are dated
Certified

1915, inclusive.

H

10, 1934,

Lawrence County (P. O Lawrenceville), 111,— Bond Sale,
—On June 12 $8,000 5l 1-10-year (serial) county-house bonds
were awarded to the First National Bank of Lawrenceville
at 100-025. Denomination, $100. Date, July 1, 1905. Interest, annual.
Lawrence County, Ind.— Bond Sale.— On July 3 the $9,240
4Xt gravel-road bonds were awarded to J. F, Wild & Co.,
Indianapolis, for $9,271 and Interest.
Denomination. $231.
Date, Jnly 15, 1905. Interest, May and November. Maturity from one to twenty years.
Leigh, Neb.— Bond Election.— An election will be held July
11 to vote on the question of iesuing $8,000 water bonds.
Livonia, Minn.— Bonds Not Sold.— No bids were received
on June 24 for the $1,000 bonds described in V. 80, page
2478.

Longview, Tex.— Bond Sale.— On June 28 $25,500 5% 10-40year (optional) water bonds were awarded to Hoehler &
Cummings of Toledo at 101*284 and interest.
Louisville, Ky.— Proposed Sale of Gas Steele.— An ordinance has been presented in the General Council authorizing
tbe sale of 6,000 shares of Louisville Gas Company stock
(out of 9,250 shares held by the city), the proceeds of which
will be used for tbe construction of the southwestern outfall
sewer, If the ordinance is approved, the stock will be sold
by competitive bidrling, sealed proposals being received just
as in the case of bonds. This item inadvertently appeared
under tbe caption of St. Louis in last week's Chronicle,
McLeod County (P. O. Glencoe), Minn.— Bond Sale.— On
July 1 tbe $30,000
ditch bonds (three issues) described in
V. 80, p. 2359, were awarded to the Minnesota Loan & Trust
Co., Minneapolis, at 107-283 and interest. Following are <h»

H

bids

District, Bergen ( ounty. N. J.—
5-20-year (serial) coupon
$8,000
school bonds deecribed in V. 81, p. 47, were awarded to H. L.
Crawford
Co,, New York City, at 100 288-a baeis of about
4"97*. This was the only bid received.
Milford, Conn.— Bor,di
S 11.— The only bid received
Jane 30 for tb* $18,0J0 '314% 20-year coupon refunding bonds
deecribed in V, 80, p. 2636, was that of E. H. Gay
Co. of
Boston, at 99 03. This bid was rejected by the Board of Selectmen, and an endeavor will now be made to sell the bonds
at private pale.

H

&

NA

:

Minn. L'n & Tr Co.. Minn'lis. 182,185
U.M.Stoddard &Co„ Min'lis.. 82,180
MacDonald, IVIoCoy &Co.,Chi. 32,176
Kane & Co., Minneapolis
82,155

Damson, Prior* Co.,
landand Boston

N. W. Halsey & Co.,Chicago. $81,500
W. J. Hayes & Sons, Cleve... 81,413
Well, Roth & Co.. Clncin
3l,*85
AlbertC. Case, New York... 31,020
Henry L. Simons
80,000
G. K. Gilbert
30,000

00
00
00
00

tlleve-

32,133 00

00
00
00
00
00
00

Madfron, Wis. Bond Election.— An election will be held
July 25 to vote on the question ot issuing $250,000 highschool-building bonds.
Madison County (P. O. Jackfon), Tenn.— Bonds Authorized.— The issuance of $150,000 4% Series "B" good-road bonds
has baen author j'z 3d. Denomination, $500. Interest, April
15 and O^t. 15
Maturity, forty years, subject to call after
thirty years. Bonds are exempt from county and municipal
taxation.
Maryland.— Biis.— The following bids were received on
June 29 for the $666,000 8}£* 9-14-year (optional) coupon
public building bonds described in V. 80, p. 2359. As stated
in last week's Chronicle, these bids were all rejected :
Stein Bros. New York
100-9151 Hambleton & Co., Baltimore... 100-56
Mercantile Tr.

& Dep.

Co.. Balt.100-82

I

A

Med ford, Mass.— Temporary Loan.— loan of $75,000 in
anticipation of the collectkn of taxes was recently negotiated with Blase Bros.
Co., Boston, at 3'45g discount.

&

Loan is dated July 1 and will mature in five months.
Merna, Neb.— Bond Offe-i ing.— Proposals will be received
until 8 p. M,, July 11, by John Haney, Village Clerk, for
$7,000 5% 5-20-year

(optional)

water bonds.

Denomination,
New York.

Date, Aug. 1, 1905. Interest annually in
$1,000.
certified check, draft or cash in the sum of $175
accompany each bid.

A

must

Metropolitan School District, Dickinson County, Mich
district on May 29, by a vote ot 25 to 3,
authorized the issuance of $5,000 6* school-building and fur-

—Bonds Vottd.— This
nishing bonds.

—

Milton, Mass.— Temporary Lean. Tbis town has borrowed
from a local bank at 3-35<r.
Minnesota School Districts.— Loans.— Tbe State Bosrd of
Investment on Jane 13 approved loans aggregating $128,000
$20,000 temporarily

to call after July

Dae.

Midland Park School
Bond Sale.— On July 3 the

&

years.

Key

[Vol. lxxii

Maturity, Jan.

1.

1910.

H

Middletown, O.— Bords Awarded.— The $25,000
sewer
bonds, bids for which were opened on June 15 (see last week's
Chr' nicle for list), were awarded on June 28 to Seasongood
& Mayer, Cincinnati, the highest bidders, at 100-666 and interest.
Securities are in denomination of $1,000. Date,
June 1, 19C5. Interest, semi-annuaJ.
Midland County (P. O. Midland), Texas.—Bonds Voted.—
This county, at an eleotion held June 14, authorized the issuance of $30,000 court-house-building bonds.

as follows
Dist. Xo.

:

Amount.

County

3

Marshall Co. (Ind.)

1

Redwood

25
'•'i

13
71

St.

1

Wright
Lyon

82

(Ind.)

11

BigStone

8
87...
18
106
3
14
44
75
107
21

Clearwater (Ind.)

Becker

(Ind.)

Otter Tat 1

Yellow Medicine

Lacqui Parle
Lacqui Parle
Clearwater
Freeborn

Redwood
Clay

Douglas

On June
7
54

80
48
52

6.0

Le Sueur

1

81

127.0.0
23,000
l«.0(O
10,000
B.0OO

Ualtota

S8

>0

VI
52
72
4
87
45

4/00

LoulB

$9,000
4.000

(Ind.)

Pine-

.Bt.
<

ass

Pope
Lincoln

Crow Wing
Red Lake
Louis
Morrison
Marshall
Morrison
St.

PI

36
83
84
6«
h5

Crow Wing
Beltrami
Pine

Wabasha

271 &21.Polk and Lake
9i
Crow Wing
269
Otter Tail
101
M»raball
17
Hubbard

21 the following loans

Kandiyohi

County.
Jackson
Louis
I,ac qui Parle

Dist. No.

3,700
3,000
3.000
2,500
2.000
1.70J
l.wOO
1,600
1,400
1.301
1.300
1,200
1.000
1,090

(Ind.)
Otter Tall (Ind.)
Goodhue (Ind.)

Amount.
(1,000
1.000

0.0
800
800
750
6C0
600
6(0
600
528
500
BoO
500
400
400
850
300
250
2t0
ZOO

were granted

62.

..Martin

.11.200

Hiiwaubee, Wis.—Bond Offering.— Further details are at
hand relative to the offering on July 12 of 5 issues of bonds,
aggregating $165,000. Proposals for these bonds will be received until 10 a M. on tbat day by the Commissioners of
the Public Dabt, at the orfice of the City Comptroller. Securities answer to the following description :
$120,000 i% 1 20 year (serial)
100,000 i% 1 20-year (serial)

coupon school bonds. Decomlnatlnn, $1,000.
coupon docking and dredging bonds. Denomina-

tion, $1,000.

100,000 41 1-20-year (serial) coupon viaduct bonds. Denomination, $l,0 r 0.
95,000 i% 1-20-year (serial) coupon flre department bonds. Denominations,
80 bonds of $1,000 each and 20 bon3s of $7E0 each.
50,000 t% 1-20-year (serial) coupon police department bonds. Denominations, 40 bonds of ?1,CC0 each and 20 bonds of $5C0 each.

Date, July 1, 1935. Interest semi-annually at the office of
City Treasurer or at the Morton Trust Co., New York City.
Mouett (Mo ) School District.— Bor d sale- On June 1 an
issue of $25,0(i0 A%% high-school -building bonds was awarded
to tbe SpriDgfielo Trust Co. of Springfield. Mo., at par. Danomination, $1,000. Dite, June 1, 1905. interest, semi-annual. Maturity, 1915, 1920 and 1925,
Montreal Catholic School District, Quebec- Bt is Rejected.— All bids received June 27 lor $200,000 4% 40- year
bonds of the Catholic School Commission of Montreal were
rejected. These bonds are guaranteed both as to principal
and interest by the city of Montreal.
Moody (Tex.) Indrpsndent School District.— Bonds Registered.— On June 28 toe State Comptroller registered $ll,5u0
10-20-year (optional) school-house bonds of this district,
dated June 1, 1905.
Mount Carmel Sepsrate School Distiict, Ont.— Di benture
Sali.—Oa June 13 $2,500 1-15-year (serial) school debentures
were awarded to W. C. Fitzgerald, London, at par for 4%
p?r cents.
New Bedfjrd, Mass.— Bond Offering.— Proposals will be received until 7 30 p. m., July 14, by Chas. S. Ashley, Mayor,
for the following bonds :

H

$;10,000 4J6 registered gold improvement bonds, maturing in ten years.
62,000 «% registered gold sewer bonds, maturing in 30 years.
21,000 4% registered gold school and public-building bonds, maturing in 20
years.
100.000 83^* registered gold high-school bonds, maturing in 20 years. This
Issue is made outs de debt limit, under authority of Chapter 885
Laws of 1803.

Securities are dated July 1, 1905. Denomination, $1,000 or
multiples. Interest, semi-annual. Certified check on a national bank for 2% of the amount bid for, payable " to tha
order of the citv of New Bedford," required.
New Rochelle, N. Y.—Bond Sale.- Oa July 5 the |85,000
i% legistered school bonds described in V. 81, p. 47, were
awarded to N. W. Halsey
Co., New York City, at 103705
and interest. Following are the bids :
$98,150 00 Geo. M. Habn. New Fork... $88,001 58
N. W. Halsey & Co., N. Y
Farson. Leach & Co., N. Y... 88.040 00 L, W. Morrison (bid rejected) 83,409 oO
W. J. Hayes & Sons. Cleve... S9.017 00
Securities mature $5,000 May 1, 1910, and $4,000 yearly
thereafter.
New Clm, Minn.— Bond Election.—The election which was
to have been held in thi3 city on June 27 has been postponed
are informed by the City Clerk that even if
to July 18.
the proposition to issue $3f>,000 sewer bonds should carry
" the city will not sell any bords, at least not this year, and,
if needed, will obtain a loan from the State."
New York City.— Bond Issues.— The following issues of
corporate stock ot New York City was taken by the sinking
fund as an investment during the month of June :

&

We

Int'st Hate. Maturity.
3
1924

Purpose.

Watersupply
Various municipal purposes

3

1B64

In addition to the above bonds, the following

bonds" (temporary

securities)

were issued

:

Amount
$10,000 00

10,00000

revenue

—

—

Jri.\

s,

TIIK

1905.]

CHRONICLE

Int. Hit'.

Revenue bonds— Special
Ki-renue oonds— In anticipation
Kevenue bonds— lu anticipation

Amount.

"Av. rate."

1 100,000 00
l.i60O0>0'l
1S.W60.0.K) 00

1B05 taxes
1»05 taxes

HV4
3 l,

$16,100,000 00

Total

Northampton. M .ss.— Correction.— A typographical nrror
in last week's Chronicle mad* the aincu it of the temporary
loan recentlv awardei to Brown Bros. & Co. read |5,Ch:0
instead of |5\000. The bids reoelved for this loan were
given

last

week,

Offering. — Proposals will
be received nntil 19 at., Jnly 15, by ai. W. Flanuery, Towa
Clerk, for $U,000 5£ water-works debentnres, maturing part
yearly for 30 years. Interest is payable annually at tne
Traders' Bank of Canada, North Bay.
Norwood Township, Stanly Co :iuty, N. €.— Bond Election.
An electi )n will b.-> held July 20 to vote on the question of
issuing $10,000 bonds in aid of the proposed Winston-Salem

North Bay, Ontario.— D:bi nfure

—

South-Bound Railroad.
N)iuore, SUuu. Bonds Voted.

—Upon

inquiry, we learn
that the $4,0.0 6: fire protection bonds offered on Dsc. 5.
1901, were not disposed of, and that a new issue of $1,5?0
is now on the mariet for sale.
negotiating with the State for the

bonds has been voted and

The

village officials are

lean.
Otilla,

(Ja.— Eondi VcUd -This city on June 24, by a
unanimous vote, aurnorized the issuance of fiO.OCO waterworks and electric-ltght-plnnt bonds.
Oklahoma County (P. O. Oklahoma City), Okla.— Bond
Election.— The County Commissioners have ordered an election to be held August 1 to vote on the question of issuing
$30,C01 jiil-building and $10,000 ccurt-house-furnishl-jg i%i
bondc.
to Be Iaued —This village on June
for macadamizing streets. Aq issue of
about $11,000 bonds will be put out to pay for these improvements, but, we are advised, it will probably be several
months before the bonds will be offered tor sale.
Pacific Grove Sehooi District, Monterey County, Cal.—
are ad vised that the $30,000 4* highBonds Canceled.—
scdodI bonds which were offered but not sold on Sept, 12,
1904 (see V. 79. p. 800 and 1356), have been canceled, and that
a new issue will soon be voted at a higher rate of interest.

Oxford, N.

1

Y.—Bond

i

awarded a contract

We

We

Palmer, Xau.—Bor.d NjtTo Be Issutd Thii Year.—
are advised tnat the $i0,0 '0 3^1 1-20 y.-ar (serial) schoolhouse bonds described in V. 80, p. 1493, will not be issued
Our informant adds: "The whole matter bas
this year.
been dropped until our next annual town meeting about th9
20th of March, 1906."
Proposals will be rePlymouth, Ohio.—
Offerina.
Jeffrey, Village Clerk,
ceived until 12 it July 25, by W.
for |6,000 5% coupon water-works and electric-lignt-plantimprovement bonds. Authority, Sections 2835-36-37, Revised Statutes of Oaio. Denomination, $500. Date, July 1,
laterest, March 1 and Sept. 1 at the office of the Vil1905.
lage Treasurer. Maturity, |500 yearly oa July 1 from 1910
to 1921, inclusive. Certified check for $200, payable to the
Village Treasurer, required. Purchaser to furnish blank
bonds. Bonded debt at present, inoluding this issue, $41,500.
Assessed valuation 1904, $159,730.
Pont ac Township (111.) High School District.— Bond
Sale. -Ou July 3 $20,QC0 5% 5 14 year (serial) building addition bonds were awaried to N. W. Harris & Co., Citcago, at
10808 and interest.
Dmomination, $500, Date, July 1,
Interest, annual,
1905.
Prince Albert, Sa«k., Ca uada, —Debinture Offering. -Proposals will be received until July 20 by C. O. Davidson, City
Secretary and Treasurer, for ?5 »,000 4)4% debentures maturing part yearly for 30 years, and $2,500 4%% debentures maturing part yearly for 10 years. Bids must incluieacruod
interest from date of securities, March 30, 1905.
Providence, R. I.— No Bon Is at Present.— la reply to our
letter of inquiry, Walter L. Clarke, City Treasurer, writes
that "although the Legislature has authorized the ctv of
Providence to borrow $175,000 for a city hospital, $100, 0J0
for fire stations, etc, and $150,000 for street iaiprovemeuts,
the city has taken no ac'ion except to appropriate $10J,00j*
for fire stations, et3,, walcn is being provided for by the

Bmi

A

,

—

Commissioners of Sinaing Finds, as needed, on temporary
notes."

(Juincy (111.) School District. -Bids.— Following are the
bids receive! on June 23 for tie $123,0 10 5$ 2-9-ye tr (serial)
building boods awarded, as stated last waefc, to tae Brown >Ellinw ood Co. of Caicago
Browna-EliinwoolCo.,Chic.|l27,135 97 T. J. BDlzer* Co..CblOVto |123,74»»7
McDonald, afeCo/ Jc Co,
Mircan-.ileTr.Co..S^ Louis. 13>,3>5 7
USi.llW H6
Ca'cai;
123,50197 rt. A. K* .n, Ch o-iit
185,1*8 00
v.a'.e Sav. Lo i-i A Trast C i..
M*»oa, Le^ia tCj., Chic
1*4.637 il
126 510 o> Sec. Sav. B*.xTr.Co.,Tjl)l
y nncy
:

>

•

.

).

First N-U. Btaic. Ch'.cu
l^i,4H97
I.f.le Jc
its Inv .C >..v.L. V4i.ti) j7
K. Cimo-on Bind 4
12-5.03100
rtKaaeCo, Miojd

Wm.

I

H

.

M

124 iOO <M
Cuich-' ... 183 «.' 97
rro«rora^eJt>fir»r (;•).. Oulc. 12
Rtcker Nat. Bk <0. llaor- ••• UO.00J 00
Election.— h, is statu 1 lo

K

H.

rt

H.

C.

Spaer&Co.,

j|

in. t

so m. On

:...

•

.

Kaciue, Wis.— Proposed Bond
local papers that this city proposes to hold an election to v >.«•
upon the question of issuing $100,000 street-Improvement
bonds.
Randolph County (P.»j. Beverly), W. 1*.—Bondi D feaU d,
This county on June 6 voted against a proposition to issuo
I50.0C0 4% coart-house completiou bonds.
Ralhdrnm, Kootenai Comity, Idaho.—Propoted El xtio %,

—

— According

to reports,

an election will

be

held in this

town to vote upon the question of issuing $12,000 waterworks bonds
Bond Sale.
Richmond County (P. O. Rockingham) N.

-Oa

C—

July

1

tte $25,000 5* 30 year refunding bonds d-ecrlbed

17:J

in V. 80, p. 2361, were awarded to F. M. Stafford & Co,,
Chattanooga, at 107 35 and interest— a basis of about ft'53H>
Rio (III.) School District.— Bonds Defeated.— It Is Btated
that this dlstrlot on June 17 defeated a proposition to issue
bonds tor sohool purposes.
Hoi-hester, N. Y. —Tcinoorary Loan —The City Comptroller on June 30 awarded $100,000 8 months'-renewal-local-lmprovnment notes to thfe Broadwav Savings Institution of New
Y.irk City, at 3 75* interest. The following bids were re-

ceived

:

Broadway Sav.
V. E, Jeii'.lsoii.

Bond A (J'lodwln. Boston
4'00t
Uoldiuan, Sachs A Co., N. Y.... 1 00%

Instttiit'n, N. Y. 8-75<

New

Security Trust Co..

S8a»
Rochester.. 3U4*
Yor*..

District, Ohio— Bond Sale. — An i?sue
$0,000 6* bonds of this district has been awarded to
Co., Cleveland, at 10390. S^cur.ties are
Hayden, Milior
dated June 17, 1905, and will mature $510 each six months

Rocky River School

of

&

beginning April 1, 1906.
Kodyu School District No 21, Kittitas Co,

Wash.— Bond

OfferiJig.— Further details are at hand relative to tne offering on July 10 of $17,000 funding and $3,000 school bonds.
Proposals for the above securities will be received on that
day until 2 p. m. by W. B. Price, Treasurer of Kit'ltas CounDauomiaation. $1,0^0. Date about
ty, P. O. Ellensburg.
Aug. 1, 1905. Interest, at not exceeding 5*, payable annually at the County Treasurer's office.
Maturity, ten years,
optional after five years.
June 28 the $30,000 4%
Saginaw, Mich. -Bond Sale
10 year sidewalk bonds described iu V. 80, p. 2638, were
Co., Chicago, and Merrill, O.dawarded to N. W. Halaey
ham Co., Boston, at their j nnt bid of 101 "225— a baBis of
anout 3'851#. Following are tho bids:

-Oj

&

&

W. Halaey A

N.

Co., Chic. and

Hayes * Sons, Clove..

I

Merrill. Oldham A Co.,Bos.$3n,lll CO
8tV»2 04
R. L.. Day A Co., Boston
Seasoniiood A Mayer, Clncln. 36.821 25

VV. J.

|

People's Sav. Bank. Sauiuaw
(for 110.000)

t36,17a 00
10,000 00

—

Bondi Autho ized Tbe Board of Estimate has authorized
the issuance ot $2i,000 Western Taxing District sidewalk and
crosswalk bonds,
Saudusky, Ohio. -Bonds Vo\d —This city on Jane 22, by
a vote of l.eOO to 247, authorized the issuance of $125,000
harbor-improvement bonds.
San Luis Obispo County, Cal.—Nj Bond Election Held.—
It was reporre d that an election would be held in this county
June 15 'o vote upon the question of issuing $40,0)0 wharf
bonds.
are advised by the Couaty Clerk that 'The matter
is still under consideration and elecMon day still unset."
election will be
i
Sarawac Lake, N. I. Bond Election
held July 11 to vo'e on the question of issuing $18,000 sewer,
$32,000 water-nidin, $15.0(0 fire departmsut, $40,000 streetimprovement and $10,000 sidewalk bonds.
Sank Centre, SLiuu.—Boad Offering Proposals will be
received until 9 A 31 July 15, by J F. Cooper, City Clerk,
Authority, Chapter
for $10,(00 4% coupon refunding bmds.
Interest, semiDate, July 15, 1905.
163, laws ot 1903.
annually at tbe City Treasurer's offise. Maturity, July 15,
1915
Bood^l debt, inclu ling this issue, $22,000. Assessed
valuation. $743,541.
Scotia, Schenectady County, N. Y.— Bond Offering.— Further details are at baud relative to the offering on Jnly 11 of
the following securities

W«

—A
—

,

:

coupon sewer bonds. Denominations, 25 bonds of *e00 each and £0
bonds or *7<>0 each. Maturity. $2,000 yearly on Feb. 10 from 1910 to

$50,C00

1934. inclusive.

coupon water bonds. Denomination,
from 1910 to 1934, inclusive.

40,000

$800.

Maturity, $1,800 on Feb. 10

Proposals for the above bonds will be received until 1 p. m.
on that day by H V. Mynderse, President of village, at the
Good Templars' Hall. Date, July 1, 1905. Interest, at not
exceeding 5$, Fab. 1 and Aug. 1 at the 8shenectady Trust

James A. Hoyt Jr. is Village Clerk.
Pa. —Bond* Voted -Bjnds Defeated.
— Oa June 12 this Borough authorizid the issuance of
$40,000 funding bonds, at tin same time defeating a propCo., Schenectady.

Sewickley (Boro.).

osition to iSrU^ $5J,CO0 building bonds.

Sherldun, Wyo.— Bond offering,— Proposals will be received unttl July 20 by the Mayor and Board of Trustees, at
the office of the Town Clerk, for 10 20 year (optioual) coupon
sewerage bonds (amount not given) a" not exceeding 6% inDate. July 1, 1905. Interest
terest.
Denomination, ^5L0
semi-annually at the Caamical National B mk, New York
Ciry. Certified check or certificate of deposit for $1,000. payable to the order of the Town Treasurer, required. These
securities were authorized at an election hdl June 2, 1905.
Mr. E W. Long is Town Clerk.
Sherman, Texas.— tio.-ui ale.-Oi July 8 th<> $12,0J0 5*
1-24 year (serial) water bonds were awarded toFarson, Leach
Following are the
Co., Chicago, for $12,678 and interest.
bide:
Carson. Leach A Co.. Chic ..$12, "7^ oo M ic1).,naM.McO>yACo..Chl.$12.l U DO
S-i»«o'iKioO * vtHrer,<:inom.*i:f. )l 00 Truit Co. ot Dallas
I* •'"
taro
..
Cent Tr. A 8if e Dep. Co.,Cln. luur no c il
lofDo,
\lv
N. VV. UarriH S Co.. ChloagO 1-..' 850
SaiiDOrni". Port Huron
12.21700
iJ.r. u
hlo.
All>-rt
o Browne Bllinw lod Co..
Case, New York
W. it. Poild A Co.. <:iricimiaii.
r. I. fuller at Co., Clove .... l.'.iu

&

'

1

'

''

il

'

.

.

1

1

Hid for 84

j

I

<

'

,»j

•

!,

1

i

.

i

•

ear straight bonds and QOt

1

I

'1000
In.-..
K.- 111.
21 -v.-ar (serial), as advortls.- I
<

I

Shreveport, La— Bond Election.— An election will be
held Aug. 4 (not May 25, as at first reported) to vote on the
question of i-sulng 1180,000 electrlc-llght-plant bouds mentioned In V. 80,

p.

1939.

M.aii -DJ> nture Sale.-On June
an issue of $9,000 51 school debentures were awarded to
the Canada Life Asiuranc^ C>. for |S,18l. HesurltUs are
dated July I, 1905, and will mature in twenty years.

Simps

15

m

School District.

THE CHRONICLE.

174

Sonoma, Sonoma County, Cal.— Bonds Voted.— It is stated
June 22 voted to issue $10,000 toads for a
new town hall.
South Norwa'k, Conn.— Bond Offering.— Proposals will be
received uutil 1 p. m., July 26, at the office of the Water

nomination, $500. Date, Sept. 1, 1905. Interest annually at
the office of the TreH8nr<-r of the district. Maturity on September 1 as follows
$2,5C0 yearly from 1S06 to 1920, inclusive
14,000 in each of the years 1921 and 1922 and $4,500 In
1923.
Bonded debt at present, $47,500; floating debt, $15,000,
and sinking fund, 12,500, Assessed va'uation in 1904, $8,244,878; real value is over $41/. 01,000.
Mr. Arthur Hiy la Sec-

that this place on

:

;

ComiDifisioneis, for $280, COO ii ccupoa'bonds, as follows:

retary.

$120,000 if water bonds, maturing $(0,000 on July 1 of the years 1625, 1930 and
lfl:T).
Of this lxgne %Z v oo w to fund floating debt, 140.000 to refund
maturing bonds and 160.01 to refund bonds now subject to cad.
Maturity, $^5,00 JiiJj 1, 1026;
70,000 4t city Bonds to fund floating debt
»25.('0o July 1, 1980. and 1*0,000 July I, ik:«.
60,000 if ciry.bords to refund bonds n. w subject to Call. Maturity, j:10,CO0
on Sept.l of the years IMib, )Vi0 and lw:i5.

Springville, N. Y.— Bond Sale.— On June 10 the $12 000
2-13-year (aerial) judgment bonds descrioed In V. 80, p. 242<',
were awarded to W. J. Hayes
Sms, Cleveland, at 100 05
for 3-90 per cents.
Bord Election.— An election will be
Statesvillfl, N.
held August 15 to vote on the question of issuing $20,0C0
street and sewer and $10,000 electric-light 5% 33-year bonds.
Bond Sale— On Jnly 1 the $116,000 4V£* 20Sumter, S.
40-ytar (optional) coupon water bonds described in V. 80. p.
2638, were awarded to W. R.Todd
Co Cincinnati, for
$116 500 and interest. Following are the bids :
W. R. Todd & Co..Clncin...$U« ,500 00 F. L. Fuller & Co. Cleve.

&

C—

Dcncoiinatiou, 3>1,CC0. Interest semi-anrually at the CM y
National Bank and at the South Norwalk Trust Co. The
legality ard genuineness of these bonds will be certified to by
the Scuth Norwalk Trust Co. Certified check for 2% of the
amount bid, payable to the City Treasurer or the Water
Comtnieeioners, required.
The official notice of this bond offering willbe found among
the advertisements elsewhere in this Department,
Spoil ane, Wash.- Bond Offering.— Proposals will be receiver! until 12 M., Aug. 26 (postponed from Aug. 15 owing to
the official city paper not publishing notice properly), by the
Sinking Fund Commission at the office of the City Comptroller, ftr |45O,C0O
gold ccupon water works-extension bond*.
Denomination, $1,030. Date, July 1, 1905. Interest semiannually at the fiscal agency of: the State of Washington in
New York City. Maturity, July 1, 1925. Certified check for
2% of the amount of the bid required. No offer accepted for
Robert Fairley is City
less than $50,000 or multiple thereof.
Comptroller and Secretary of the Sinking Fund Commission.
Springfield, Ohio.— Bonds Proposed.—The issuance of
$8,000 fire-engine house bonds has been recommended bv the
Board of Public Safety.
Springfield (111.) Pleasure Driveway and Park District.
Bond Offering.— Further details are at hand relative to the
offering of the $50,000 4% conpon park-purchase and improvement bonds mentioned in V. 81, p. 49. These securities will
be sold at auction at 3 p. M,, July 20, at the office of the disD»
trict in Washington Park, in the city of SpricgSeld.

C—

&

Tecumseh, Neb,— Proposed Elecion.— It is stated that this
hold a special election ;n the near future for the
purpose of voting on the issuance of $9,510 electric-lightplant-building bonds.
Teton County (P. O. Chouteau),

Bond

—This

,

quired.

Ohio.— Bonds Authorized.—The following bonds

Toledo,

have been authorized:
$«,2t9 66 5j8 Bancroft Street assessment bonds, dated Feb. 21. 1905.
1,082 95 5j Virginia Street assessment bonds, dated April 8. 1905.
7,014 56 if Col lingwood and Detroit Avenue assessment bonds, dated March.
2t 1905
1,082 99 5$ Third Street assessment bonds, dated May 9, 1905.

NEW
Town

4% COUPON BONDS.

TOTAL CITY AND WATER DEPARTMENT RESOURCES AND LIABILITIES JAN.
City liabilities

Streets and Severs
$184,801 04
Total Water Department resouices... 481,9861'

Water Department
Net surplus

.'...

I

1,

1905.

Committee

BANKERS,

MaTHEW

CHRISTIAN SWARTZ.
w tar
FRANKLIN W. BMITuJ^^^f'.
Commissioners.
I STEPHEN S. HATCH,
)

CORPORATION
-

-

&

Burr,

Street,

-

LIST ON APPLICATION.

12, 1906.

Said bonds are to be issued for the purpose of
money ro pay and redeem improvement certificates Issued by eald town which have matured
and wnich remain due and unpaid; will be in denomination of one thousand dollars each, dated
raising

August

1,

19( 5,

and become doe and payable twenty-

coupon.

The bonds

August 1, 1B0.R at the
Treasurer, on payment of the
proposal must be accompa-

will be delivered

of the

Town

nied by a deposit of seven thousand fi\e hundred
money or a certified check on some
responsible bank or trust company, drawn to the
order of the Treasurer of ihe town of West New
York; the deposit of the successful bidder will be
treated as a payment on account, or in ease he shall
fail or neglect to take the bonds at the date of delivery above stated, will be letained by the Town
Council and be applied to the cost and expense of
readveitislng and to any deficiency of price that
may arise on a re-sa!e of the bonds. No conditional
bid will be receivea. All bds that do lot comply
with tte terms stated herein will be considered informal and will be rejected, and the Council reserves the right to reject any and all bids if deemed
for the interest of the toiro so to do.
i

&

Co.,

Trowbriclge& Niyer Co.

21 7 La Salle Street
Chicago.

New York.
IVI

New York

LA SALLE STREET,

CHICAGO.

BANKERS,
Wall Street,

F. TONN.
Town Clerk.

Municipal Bonds,
171

7

RANCIS

R.FULTON & CO.,

BOSTON.

King, Hodenpyl

,

B.'ach

dollars, either in

F.

Time Deposits

IT£ Washington Street,

CHICAGO,

60 State

YORK.

Rmdnc
OVNUO.

and

June

INVESTMENT BONDS.

STREET RAILWAY

MUNICIPAL

corporated cities, towns, townships and boroughs of
this State to fund their floating indebtedness and
their matured and maturing bonds," approved
March 23, 18y9, as amended by Cbapter3of ihe laws
of 190J, and by viitue of an ordinal ce for the purpose, adopted by the Town Council of said town on

purchase price.

E. 8 ART A IN. Finance Com. of Council.
rORBETT. City Treasurer.

Perry, Coffin

POTTER,

fifty

office

Rudolph Kleybolte&Co.

B.

MONDAY. JULY 10, 1905, at 8 o'clock, P. M.,
for the purchase of an issue of one hundred and
thousand dollars in bonds of said town, to be
issued utder authority of ihe Act of the Legislature
of New Jersey, eniitled "An Act authorizing inon

dve years thertafter: will bear interest at the rate
of four and one- half ier c< nt per annum, payable
semi-annually, and may be either registered or

)

T

Sealed proposals will be received by the Town
Council of the Town of West New York, in the
County of Hudson, at the Town Htll, Bergenline
Avenue, south of Seventeenth Street, in s-ld town,

$209,450C0
238.597 50
10-.73967

City and Library tax, 6Jf mills.

(GEO.

Interest Paid on Daily ar.d

West New York, N.J.

$556.7*7 17

Total City resources, not iueluding

BONDS.
27-29 PINE STREET, NEW

of

4Vi Per Cent Bonds.

Sealed proposals will be received by the undersigned until one o'clock P.M., JULY 26, 1905, at the
office of Water Commissioners, for the purchase of all or any part of J280.000 CO coupon bonds of $1,000 00,
at if per annum, interest payable semi annually at the City National Bank and tbe South Norwalk Trust
Company. Principal payable at the offices of the Water Commissioners and the City Treasurer.
Purchasers will be required to pay accrued interest.
$40,000 00 Water Bonds, due July 1, 1925 ) $20/00 00 to fund floating: debt.
$40.00" 00 Water Ronds, due July 1, 1930 } $t0 0i)0 00 to refund matured bonds.
$10,000 00 Water Bonds, due July 1, 19f 5 ) $60,000 00 to reiund option bonds.
$25.0(0(0 City Bonds, due July 1,1985)
$25.0'0'O Citv Bonds, due July 1, 1980^ $70,OCO 00 to refund floating debt of City.
*20,00o0J City Bonds, due Julyl, i9S5)
J30.C00O0 City Bonds, due Sept. 1.1925)
*MO,000 00 City Bonds, due Sept. 1, 1930S $9f\000 (0 to refund option bonds.
$30,00ooo City Bonds, due Sept. 1,1935)
The legalliy and genuineness of these bonds will be certified to by the South Norwalk Trust Company.
Each bid must be accompanied by a certified check of x% of the amount bid, payable to ord»r of City
Treasurer, or Water Commissioners. The check of the successful bidder to be he d to secure the payment
of the bonds. Tbe right is reserved to reject any or all bids Intending purchasers can obtain copy of
year book 1904 by application to the Water Commissioners.

MUNICIPAL, RAILROAD and

LOANS.

«150,000

CITY OF SOUTH NORWALK, CONN.,

DEALERS IN

Mont.— Bends Voted—
27,

316, authorized

LOANS,

1904, $5,134,79S 00.

May

county on

by a vote of 366 to
the issuance of $40,000 \%t, gold court-housebuilding and furnishing bonds. Mniunty, 20 years, subj-et
Proposals for these securities will be
to call after 15 years.
Jnly 20, by A. C. Warner, County
received until 10 a. m
Clerk. Denomination, $l,CO0. Interest payable at the office
of County Treasurer or at any bank in New York City designated by purchaser. Certified check or draft for 1% of the
amount bid for, payable to the County Commissioners, reOffering.

»280,000 OO

Grand List of

(less|2,4ou commission).. $116,000 00

city will

—

$558,787 17

,

1

8eason«rood& Mayer, Cin..* 116,000001
* And blank bonds.

H

NEW

[Vol. lxx5i.

MUNICIPAL AND PUBLIC SERVICE

embers

BONDS.

Stock Exchange.

ROMHQ

5ULS. RAILROAD AND
STREET RAILWAY j*Hliil5=

CHICAGO,
Bank Bldg.

iBt Nat,

BOSTON,
60 State Street.

a

,

THE CHRONICLE.

Jl i.v 8, 1905.]

Bonds Xot Sold.— Ho bids were received Jnly ;5 for the
imp rove merit bonds described in V.

to 20, inolueive, are payable at the option of the corporation
on proper notice after June 1, 1910. Certified check for $100
(or casri), payable to John GKtes. Treasurer of Union Township School District, rr quired. Accrued interest to be paid

$110 6^6 85 4% street
80. pi 2431.

—

Tne City Council
Toronto, Ont.— Dibtntures Anthorizd
has anthor'z»d the ia-nance oi ^176^'0»> 66 school and $118,817 20 perminenr-improvement debentures.
Troy. Lhuolu Counly, Mo.— Bond Offtring.— Proposals
will be received until 19 M,, July 11, by the city ot Troy, (or
Authority, Special
ftO.COO 4:. electric-li^hr-plant bonds.
Election held Ojr. 85, 19C4, and S-ction 5966, Chapter 91,
Denomination, f.r
>00.
Revised Stntuus of Missouri, 1S9U.
D.Ue, Jnne 1, 19(5. Interest annually at the City TreasMaturity, Juoe 1, 1925; optional after June 1,
urer's oftYe.
Certified check for §500, payable to the Treasurer ot
1910.
Bonded debt, this issue. Assessed valusaid city, r» quired.
ation, $291,220. Actual valuation, $975,000. J. L. Shafer is

by the purchaser.

Dtlca, Mi88. — Bonds Voted,—The election Jnne 26 resulted in a vote of 51 to 2 in favor of the propo-Ulon to issue
$10,000 Qi 5-20-year (optional) water-works bonds.
Utr a, N. Y.— Bonds Not Sold.— No sale was made on June
3) of thM$41 843 73 3i^ paving bonds described in V. 81. n. 49.
Vnmlalia School District No. 10. Audroin ' oualy, Mo.—
5-30 year (optional)
Pond Sale.— On June 28 the $20,0
bonds described in V. 80, p. 2430. were awarded to the) VanFollowing are the
dalia Banking Association at 101-125.
bids
Vandalla Banking Associa'ii.?20,225 00 John Nuveen A Co., Chicago. Ill) 300 00
l!V>i'O0O
Little A Uuvs luv. Co.. St. L. 1H.7V) 00 W. R, Common
18,:to«00
N. W. Harris A Co.. Chicago. 1W.508 00 W. L. Wright
V«u Eiuuu Free Turnpike Koad N«. 1 !, Van Wert tounty,
Ohio -Bend Sale.-Oa Jnne 27 the $7,500 1%% ro:vl Improve'
ment bonds described in V. 80, p. 2639, were awarded to the
First National B ink of Van Wert at pa-.
Villard, Pope County, Minn.— Bond Offering.— Proposals
will be received until 10 a u, July 31, by R. L. Smith, Village Recorder, for $6,000 5g 20 year coupon water-works
'nomination, $1,000. Date. Aug. 1, 1905. Interest
hondp.
semi-uunuaily at the Northwestern National Bank, MinneThe successful bidder must furnish blank bonds with
ttpoli?.
coupons attached, and all bidders are required, prior to the
sale, to satisfy themselves as to the legality of the issue.
certified check for $500, payable to the order of the Village
mm
Treasurer, must accompany each bid.
..^

U

:

Cit\ Clerk.

lr,y, N. Y.- Bji.d Sale. -On July 7 the $310,521 82 it 10
and 20-year water bonds deecribed in. V. 81, p. 49, were
aware ed to Harriman & Co. of New York City.
Tuxedo (N, Y.) Uuiou Free School District No. G.— Bond
Sale.— On July 6 the $20,0(0 4$ 1 20-year (serial) bonds described In V. 80, p. 2639 were awarded to Edmund Seymour
& Co., N^w York, at 102-23 and interest— a basis of about
3'743*.
Following are the bids:
1

D

101-50
New York. .'102-22 S. \. Kean. Chicago
101-265
Harriman & Co.. New York
George M. Halm, New York...*102-03
• And interest.
Tyler < ouuty (P. O. Middlehoume), W. Va.— Bonds Defeated.— This county on June 27, by a vote of 457 to 731, deK. Sevniour

&

Co..

feated the proposition to issue $60,000
court-house bonds.

(Si

A

1-30-year (optional)

p.

,

H

101-10.

A

YYellesley, Mass.— Temporary Loan.—
five-mo iths' loan
of $10,003 has been negotiated with the North En 1 Swings
Bank at 8-50*.

building bonds. Date. Jnne 1, 1905. Interest semi-annually
at the Corn Exchange National Bank, Chicago, It). Maturity,
odd-numbered bonds from 1-19, inclusive, for $700 each, are

West Hobofcen, N. J.— Bond Sale.— Oa July 5 the f i(JO,0CO
4% 20-year fundtner bonds described in V. 80, p. 2640, were
awarded to R. M Grant
Co,, New York City, at 10303—

due on June 1 from 1906 to 1915, inclusive, and even-cumbered bonds from 2 20. inclusive, for $800 each, are due on
Die. 1 from 19C6 to 1915, inclusive. Securities numbered 10

LOANS.

Washington Township, Union County, Ohio.— Bond Sale,
oameterv bonds -'escribe 1 in V. 80,
June 17 the $1,000
2362, were awarded to G. E. Bradfield, B.irne3ville, at

— Oa

Union Township School District, Flojd County, Iowa.—
Bond Offering.— Proposals will be received until 2 p. M Jnly
25, bv Jthn Gates, Treasurer of the Township School District (P. O. Marble Rock), for $15,000 i%i coupon school-

NEW

i7r>

&

basis of

about

3'78?<?.

INVESTMENTS.

§70,000
AN SON A, CONN.,

Established 1883.

& Company

H. C. Speer

ERVIN & COMPANY,
BANKERS,

I

First Nat,

4 Per Cent School Bonds.

Bank

Fnllding, Chicago.

CITY COUNTY

Direct Obligations of the City.

AND TOWNSHIP

BONDS.
WW

M..

MONDAY, JULY

17th, 1805.

The bends

j

,

(

New York Stock Exchange,
Philadelphia Stock Exchange.

BONDS FOR

Sealed bids will be received for 170,000 School
Bonds of the City of Arsonia, Connecticut, until 12
will

date frcm July 1st, 1905, and be Issued In serial form
of 11,000 each, and bear interest at the rate of 4 per
cent per annum, payable semi-annually on Jan. 1st
and July let, and will mature as follows
$3,000 on July 1st in each year uritll paid, beginning with Numbers 1. 2 and 3, July 1st, 1P06.
All proposals must be accompanied by a certified
check payable to the order of the Mayor and City
Clerk for two per cent of the amount
of
bonds bid for, and the same to be forfeited if the
bidder fails to acceptand pay forthe bonds awarded.
The successful bidder or bidders will be required to
settle for the bonds, with accrued Interest from
July 1st, 1905. at tr before delivery.
The bids will be opened by the Board of Aldermen
In the chamber of tbe Board of Aldermen in the
City Hall, In said Ansonia. at 8 P. M., Monday, July

„

Blodget, Merritt

& Co

INVESTMENT.

43 Exchange Place,
New York,

,

Brexel Building,
Philadelphia.

BANKERS,

:

17th, 1905.

The

right to reject any and all bids is reseived,
Address all bids in a sealed envelope to tbe City
Clerk. AnsonU, Connecticut, marked "Proposals

Congress Street, Boston.
30 NASSAU STREET, NEW YORK-

16

INVESTMENT BONDS.

STATE, tiff & RAILROAO BONDS.

SEND FOR

MUNICIPAL AND RAILROAD DENISON,
BOiMDS.
CLEVELAND.

CARLOS

:

SEAS0NG00D & MATEB,
mercantile Library Building:,

CINCINNATI.

AND

;

MacDonald, McOoy

&

Co

ALBEBT

B. KING & CO., 206 Broadway, N.Y.
Engravers and Llthogrtuitiers.
(TelepDOne.)

Land-Title Bldq.

Detroit.

CORPORATION

WHITING'S PAPEIIS.

BONDS.

NOBLE & COMPANY,

Penobscot Bldg.,

Also,

from type.

100 Certificates. £1.00 to
J25: the latter er.graved, with steel-plate borders
— elegant. &eal Press, 11 50; belter rJniBbed, |2.

H. STORRS.

MUNICIPAL AND
W.

steel-plate effect.

the cheaper kind, partly lithographed and part.v

Committee of the Board of Aldermen.

H.

BOSTON.

BONDS STOCK CERTIFICATES
Handsomely engraved
printed

SAMUEL G. KEDsHAW.
JOHN C. MEAD,

PRIOR&CO.

LIST ON APPLICATION.

for School Bonds."

Attest

LIST.

Philadelphia.

MUNICIPAL
AM)

PUBLIC SERVICE CORPORATION

BONDS

171

La

Salle Street, Chicago.

HIGH GRADE

INVESTMENT BONDS
NO STOCKS

For Rualntum Correnpondrnce.
for letter written with your own Sand, or

Whether

CORRESPONDENCE SOLICITED
6y the typewriter, are UN Kyi' A I.KD. Thulr quality
MUNICIPAL ANT)
»"
assured and they hare w.m blghePUBLIC FRANCHISE CORPORATION
tbe great World'! Kairs. s*Of m>.*h IcnC* writing
ecurities
Municipal &
•"!«•'
kinds, for bond papers.
paper* of
BONOS
papers, insist on having them made by th»
Corporation
Company
Bought and Mold.
WHITING PAPER COMPANY,
OF PITTSBURGH. PA
»<-"".
W. J. HAYES & SONS,
lIOI.YOIir..
Chicago.
Paid up Capital $200,000.00
Philadelphia.
New York.
CLEVELAND, OHIO.
BOSTON, MA^,
:

Is

nil

u

.

>l

't

THE CHRONICLE.

17(J

igWeBt New Yorfe, N. J.— Bond Offering — Farttier details
are at hand relative to the offering on July 10 of $150,000
A.%% oonpon or registered etreet-improvement bonds. Proposals for thesB bonds will be received until 8 p. m. on that
day by the Town Council. Denomination, $',0)f). Dite,
Maturity, Au^. 1,
Aag. 1, 1905. Interest, semi-annual.

Wood. Gundy* Co., Toronto... 9»->8 E. H. Gay 4 Co.. Montreal
Na', Trust Co., Winnipeg
9H-G92lGe> A. Stimuli 4 Co.. Toronto.
Wm. C. H rent. Toronto
99-039 W. R Orawrord 4 Co.. Chicago.
JJtnllius Jurvis 4 Co., Toronto. 99-187 Canadian Bk.of Commerce.Lon.
I

|

I

See V.

Woodbury County (P. O. Sionx City), Iowa -Bond £ale.
- On June 15 this county sold at par to the Security National Bank of Sioux City an issue of $210,000 4% 1-5-year
(serial) refunding bonds.
D j nomination, $1,00 J. Date, June
Xenla, Ohio.— Bond Offering. —Proposals will be received
\l 12 M., July 25, by C. F. Logan, City Auditor, for $38,000
4-14% coupon Market Street bonds mentioned by us la9t week.
Auhorlty, Section 95, Laws of Oaio. Danomination, $500.
Date, Jaly 15, 1905. Interest semi annually at the City
Treasurer's office. Maturity, $3,500 yearly on Jnlv 1 from
1906 to 1914, inclusive, and $6,500 on July 1, 1915. Certified
check for 5%, payable to Asa Little, Treasurer, required.
Yakima Coanty School District No. 6 Wash.— Bond
Sale.—Oa July 1 the $1,200 1-10 year (optional) 4%i echoolbuilding bonds were awarded to the S:ate of Washington at

un

& Co., Boston.. 104-35 K. II. Kolllus & Sons. Boston... 103-016
Whitaiker (Borough), Pa -Bonds Authorized.— The B trough Council, it is stated, has d cided to issue $25,001) bonds
for street improvements.
Windsor, Ontario.— Debenture Offering.— Proposals will
be received until 12 m, July 10, by Stephen Lusted, City
Clerk, for the following debentures

par,

:

Yakima County School District No. 77, Wash.— Bond
Sale -Oa July 1 the $700 1-10-year (optional) 4^* schoolbuilding bonds were awarded to the State of Washington at

Maturity

part yearly for lO years.
1)4% local-improvement paving sinking fund debentures, dated
July 1, lflOo. Maturity, 10 years.
20,500 00 i]4% xeneral Improvement debentures, dated June 1, 19U6. Maturity, part yearly for 20 years.
20/00 00 4% general paving debentures, dated Sept. 1, 1905. Maturity part
yealy for 10 years.

72,533 54

par.

Yalobusha County (P. O. Water Yalley), Mlss.-Bjni
Sale— Oa July 3 the $15,000 5% coupon new j ill bonds,
described in V. 80. p. 1930, were awarded to Farson, Leach &

Interest, semi-annual.

(P. O. Fore8t City), la .— Bonds Auunty Board of Supervisors has authorized
the issuance of |ln, 000 4{ poor-farm bonds. Denomination,
$1 000. Interest, semi-annual. Maturity, $1,000 yearly on

Wmuebago County

thorized.

Co., Chicago, at 101 34

— Tfce C

the bids

.

*

No

Company

J.

F. L. Fuller

Scrip

VORK.

4

Co., Cleveland.»14,700 00

15.045 00

i oniity, TVx.— Bonds Voted.— This
county on
18 vo:ed to i^-sne bond* for bridge purpo^-s.

Jane

OFFICE OF THE

MUTUAL INSURANCE COMPANY,

fTIC

518 Atlantic Building,

NEW

Co. Clncin

MISCELLANEOUS.

JOHN M. GILLESPIE,
49-51 Wall Street.

4

Bolger 4 Co., Chic..*16,oi4 00
....'15.000 00
H. Holmes, Chicago
J.

.

certified check.

Years Bought and Sold.

Stooia No.

Well. Roth

Tho 8

Yeuog

MISCELLANEOUS.
ot All

Following are

8.

00

Sutherlnnd Chicago ...*15,175 nil
H. Coffin, Chicago
*15,L6100

C

interest.

A. Kean, Ctatoago.
$15,C91 00
8easongood4Mayer, Cincln. 15,oe0 00

00

00
00

J. R.

:

Atlantic Mutual Insurance

and accrued

:

Farson. Leach 4 Co..Chicaeo.$15.20l
John Nuveen 4Co., Chlcago.»l5.387
W. J Haves & 8ons. Cleve 15,187
Browne Elllnwood Co., Clilc.*15,l87

June 1 from 1906 to 1915, inclnaive.
Winnipeg (3S«ei.) School District.— Dt b .nture Sale— On
June 29 thb $U)U,000 4£ 30-?ear school debenture?, bid* for
TOhich were received on June 27, were awarded to Wood,
Gundy & Co., Toronto, at 99'28 and interest. Following are
the bid*

Interest, semi-annual.

15, 1905.

Geo. A. Fernalu

1.1936.

-

80, p. 2363, for description of bonds.

collection of tax^-s.

:

4W* local-improvement debentures, dated June

«8ol

Wobarn, Mass.— Temporary Loan. -This city ha=< borfor five months from L >riDg, Tolman & Tapper
of B iHton at 3 10$ discount.
Loan is in anticipation of the

Elth?r cash or certified check to the order of the
Treasurer of the Town of West New York for $7,500 required. No conditional bid will be considered.
The official notice of this bond offering will he found
among the advertisements elsewhere in this Department.
West Springfield, Mags— Bond Sale.-Oa July 5 $50,fl00
4% 1-25-year (serial) water bonds were awarded to R. L Diy
Co., Boston, at 104-547. Following are the bids
104-547 Merrill. Oldham 4 Co .Boston.. 104- 179
R. L. Day & Co., Boston
104-03
K. C. Stanwood & Co., Boston.. .104-516 .lose. Parker 4 Co., Boston

J13.157 20

98"525

97 75
96 00

rowed $3 \000

1930.

&

[Vol. lxxii

New York, January 20th,

1905.

The Trustees, in Conformity with the Charter of the Company, submit the folloicing statement of
its affairs on the 31st of December, 1004
;

Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904.
Premiums on Policies not marSed oil 1st January, 1904
Total Marine

Premiums

Premiums marked

The Amerscan Mfg. Co.
MANILA SISAL AND JUTE

New

from

off

$3,633,494 92
1st

January, 1904, to 31st Deoember, 1904
$275,926 58
$3-^3074 72
107.14S 14

$3,016,978 35

Interest received during the year
"
"
"
lessTaxes
Rent

Losses paid during the year which were estimated
in 1903 and previous years
Losses ocourred, estimated and paid in 1904

$318,124 29
771.957 98
$1,090,082 27

CORDAGE.
65 Wall Street,

$2,909,343 08
724,151 84

$142,418 20
84,094 99

Less Salvages
Re-insurances

York.

Returns of Premiums and Expenses, $405,721 91

226,513 19

863,569 08

The Company has the following Assets, viz.:
United States and State of New York Stock; City, Bank and other Securities
$5,243,600 52
Special deposits in Banks and Trust Companies
1,417,543 97
Real Estate corner Wall and William Streets and Exchange Place... $4,289,000
Other Real Estate and Claims due the Company
75,000 4,364,000 00

Premium Notes and
I860,

1905.

The United
IN

P.

in the

1,020,087 28

Bills Receivable

bands of European Bankers to pay losses under policies payable in
241,710 47
351,301 69

foreign countries

Cash In Bank

States Lift

Insurance Co.
THE CITY OF NEW YORK.

John

Cash

Munn, M.D.,

President.

Finance Committee:

JAMES R. PLUM
Leather
CLARENCE H. KELSEY.Pr.Tlt.Guar.&Tr.Co.
WILLIAM H. PORTER, Pres. Chem. Nat. Bank

$12,638,243 9c

Aggregating

A

dividend of Six per cent interest on the outstanding certificates of uroflts will be paid
to the holders thereof , or their legal representatives, on and after Tuesday, the seventh
of February next.
The outstanding certificates of the issue of 1 899 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday, the seventh of February
next, from which date all interest thereon will cease.
The certificates to be produced at
the time of payment, and canceled.
dividend of Forty per cent is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, certificates will be issued
on and after Tuesday, the second of Iflay, next.
By order of the Board,

A

G.

STANTON FLOYD-JONES,

Secretary.

TRUSTEES.
Aotlve and successful Agents who desire to
make DIRECT CONTRACTS with this wellestablished and progressive Company, thereby
oecuring for themselves not only an immediate
return for th~ir work, but also an increasing
annual income commensnrate with their
success, are invited to communicate with

RICHARD

E.

COCHRAN,

at the Company's Office,

York

3d Vloe-Iiesident,
277 Broadway, New

City.

GOSTAV AMSINCK.
FRANCIS M. BACUN,
JOHN N. BEACH.
WILLIAM 8. BOULTON
VKKNON II. BROWN,
WALDRON P. BROWN.
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
CORNELIUS KI.DERT.
EWALI) FLEITMANN,

HERBERT

L.

GRIGGS.

CLEMENT A. GR1SCOM,
ANSON W. HARD.
M<»RIUS K. JESUP.
THEODORE P. JOHNSON,

LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,

LEANDER N. LOVELL.
GEORGE H. MACY,
CHARLES H. MARSHALL,
W. H. H. MOORE,

NICHOLAS F. PALMER,
HENRY PARISH.
FREDERIC A. PARSONS,
DALLAS B. PRATT,
GEORGE W. QUINTARD.
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAY H. SCHWAB,
WILLIAM C. STURGES.

RAVEN, President.
CORNELIUS ELDERT, Tiee-Pres't.
THEO. P. JOHNSON, 2d Vice-Fres't.
A. A.

Assets over $9,000,000.

Paid to Policyholder!) la 1904, $1,204,321 76.

JAS. L. LIVINGSTON, 3d

Vice- Pres'


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102