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. . . INCLUDING Bank and Qnotation Section and City Section (semi-Annuaiiy) Street Railway Section C^reenmes] Nearly (Monthly) State Railway and Industrial Section (Quarterly) EnteredaocordingtoActof Con.^ess, A in the year 1905, by William B DAWAPoMPAw-.r i„i->,^„m Po. O.Z. New Vo.-Jas .eoo\Tcirtt"J^v;TL^I;.ro^^^^^ wee... newspape. ente.e. a. VOL. SATURDAY, JUNE 80. f , -^ 1905. 10, J ^ . . NO. 'i eel. — 2085. endmii June 3 Clearings at 1905. 1904 190a PUBLISHED WEEKLY. Terms ot Subscription—Payable in Advance For One Year ^,„ „„ For Six Months ^^X 9.^ European Subscription (including postage) 10 European Subscription Six Months (including' postage)'"*.'.''.".'"!.'.'." 7 no 50 Subscription in London (Including postage) ^''i!;^ £2 ids Six Months Subscription in Bank and Boston Providence Uarttord Worcester 126.574,923 5,862,700 2 929,995 1.800.000 1.565,703 1,417,317 102,599,398 5,176.200 2,383,641 1,641,687 1.379,711 Portland Kail River Lowell 1852,851 774,906 463,789 1,375.465 New Haven_ Sprintifleld London (including postage) '".'.'.'."I"" £1 lis! Subscription includes following Sections— Quotation (monthly) state and City (semi-annnaiiv^ New Bedford ... Holyoke I RAILWAY AND INDUSTKIAL (quarterly) Stbeet KaiLm^y (S^iSesSy) Total New England 117,650,639 172,757,097 18,737,550 12.217,815 9'950,686 6,394,099 6,000.000 4,471,400 2.5o7,640 2.996,829 1,974,946 1,395,060 1,290.545 420.600 750,000 398,165 749,174 525,861 386.025 439,133 286,044 336,890 341,515 345,000 248,941 201,710 200.000 104,000 157,309 403 23,272.300 12,159,575 9.586,404 6,460,329 5,463,662 3.090,400 2.381,494 2,639.813 1,871, 83H 1,314,740 1,175,662 423,550 683,396 536,425 615,696 594,868 493,426 410,973 350,378 466.777 328,449 339.188 150,633 201,00b 202,500 101,930 Terms Advertising—Per Inch Space ot Cincinnati Transient matter per inch space (14 agate lines) 84 on Two Months (8 tunes)..."!.' I2 00 ',',[[" ^ionths (13 times) 29 00 o^^'ll Six Months (26 times) 50 00 i Twelve Months (52 times).::..::::::::::::: s? oo CHICAGO OFFICE-Pliny Bartlett, 513 Monadnock Block LOKDON OFFIGE-Edwards & Smith. 1 Drapers' Gardens. E. C. WIL,L,IAM B. ^ DANA COMPANY, Pine Street, Corner Post Box Office of Detroit Milwaukee Indianapolis Columbus Peoria Toledo Grand Rapids Dayton Kvansville Akron Publishers, Springfleld, Pearl Street, NEW VORK. ».5«. Cleveland 111 Youngstown Kalamazoo Le-xlngton Canton llockford OLEABINQ HOUSE RETURNS. SpriUKtleld. O Bloomington Quincy Decatur r The following table, made up by telegraph, etc., indicate& .Vlanstleld that the total bank clearings of all the clearing houses of the •lacksonville .Jackson United States for the week ending to-day, June 10, have Ann Arbor Fort Wayne been $2,410,860,287, against ^3,411,740,360 last week and South Bend $1,763,169,926 the corresponding week last year. Total Mid. Western Clearings— Returns uy 'letegraph. Week lundino June New York Boston 1U05. 10. Total Total 91,719.028 73,538,832 114,'i45,578 18,'!60,179 161.«ji,808 50,009,922 13,'<i52,157 ail cities, All cities, 1 ^07,414,743 5 days. . day all cities The fuU for week. +54-4 +37-0 +55-4 Helena -1-15-4 Sioux Falls Total Pacific +9-9 —8-8 -I-44-7 S2,000,098.b59 410.761,428 iifl,431.601.f)51 +39-7 331.508.375 -I-23-9 f2,410.860,287 Jl.763.ic.9 926 +36-; week covered by the above wiU be We cannot furnish them to-day, clear- m m Week ending June 1905. New York Busfalo Washington Albany Rochester Bcrauton 4,02i!,9:i8 4,898,765 !Wllmlni.'ton Keading Wilkes Barre..!; whee.ln? ...'. jireensburK... -Hiester... Erie I 1.553,892,875 131,502,354 45,237.782 21,010,237 6.343,444 5.443.059 '. 'Syracuse Binstharaton Inc. or Dec 1903. BYanklln Pa!!!: Total Middle. 907.809.396 90.404,740 31.849,043 18,360,761 5,605.9 li' 4,624.004 3,224.300 4,411,042 2,100,69.") 1,756,57-,; 1,297,217 1,168,788 1,139,402 950,091) 764,599 708,5S.5 431,900 418.500 526,174 4-46.001 192.30(5 973,.378 950.940 716,400 711,014 375.800 312,897 1902. 369.38li 877,397 234.322 +71-2 1,516,522,685 1,241.207,232 129.760.(i(;;j -29-8 55,921.780 27.510.841 5.680.809 --14-4 —4-4 +17-7 +24-8 -^iro 5,039.7.59 4,767.235 4. 107. .302 1 -f-13-9 -1-20 —0 , Minneapolis '., Joseph Denver Des Muines St. Siou.x City 967.610 1,484,402 1,264,073 118.351,942 43.988,748 26,348,218 5.234,667 4.547,688 3,905,169 3,712.009 1,621,258 1,429,749 1,172,750 1 +6-7 —0-4 + 14-9 4-43-4 4-42-5 4-2y-6 -17-9 976,326 407.100 541.898 4iX).6~H 883.713 757,977 431.700 510,597 367.286 520.951 213,842 1,779,887,369 1,077,207.310, -Hi5-2 1,758,602.000 1,486,670,708 +24-2 58,436.376 19 04:, 680 1,566,90(1 Houston 4.900,0ii0 Galveston 910,000 4.324.672 ;i. Richmond Savannah Memphis Atlanta '. 3,088.99' 3.126.375 '., Nashville Norfolk , Augusta Worth Birmingham Fort 2,.'369,313 2 275,000 1,933,157 Macon Chattanooea 5,313.586 3,863.986 3,053,141 2.846,726 1,838,468 1.639.440 9 4-33^ +27-9 -H"0 -I-5-4 +24-8 12,t;."j0.293 8,190,295 6,116,492 4,096,883 4,789,084 1 ,692,888 1,703,143 850,088 1,143,192 087.992 497,075 204.56 201,93i 223,000 57,251,990 61,483.080 50,928,536 11,676.855 10,018,476 4,985,647 52.117.556 11,678,849 12,170,822 6.369.360 2.878.500 5,105.442 56,519.396 10,751,193 11,271.395 4,937.056 8.761.000 4,144.088 tal. 3.33.'i,000 4,002,691 2.522,902 3,551.325 2,075,812 2,073.80! 1,584,738 584,453 2,3(17,119 2,810,3.59 5,421,402 2.273,227 2.086. 100 1,750,492 923,73] 1,612,548 1,264.310 3,250,731 2,294,592 1,891,179 1,348.604 1,019.495 1,492,141 1,022,380 740,60' 1,172,966 815,576 661,000 756.999 615.051 870,275 733,702 298,848 675,85:-l 1,100.000 694,349 +58-4 167.664 223,814 -25-0 1.011,206 .Vot include d in to tal 114,059,657 103,918,014 +10-8 113,822,598 411,140.360 1.635 187.383 +47-5 2,426.046,756 858,347.485 727,877,987 +18-0 910,421.071 Columbus, Ga Mobile Total Southern Total all Outside New York. 070,028 56.122,664 Not include 1.103.269 1,185.696 586,183 1.038,126 88.5,aS6 23,251, .386 6.033,008 4,332.490 2,957,594 8,404,212 2,388,304 1.997,039 970,618 420.985 -f-29-4 1,204,282 1,812.688 1,145,373 973,315 865,296 391.469 248.004,345 2,189,9(J9 1.3'-0,209 1,1,39.576 9.',570 17,625,158 12,367 685 7,867 819 5,305.462 5.525,081 4,798,590 2,440,464 1,972.681 1.007,065 1.235,194 564,881 550,000 979,536 450,766 11,048,068 584,200 680.910 662,668 470,732 532,433 535.591 296.295 375,731 383.459 269,270 325,046 163,270 192,517 198,055 799 29,5fl5 7,405,687 4.834.170 5.085.903 3,535,506 440 832 Louisville 1,331,710 1,111,454 43,202,281 400.000 244,895 360,000 63,385.676 1'2,628,437 1.82:-t,414 14,920,036 801.317 54.931,032 6,984,704 5,794,502 4,119,370 2,474,141 2,328,405 52 491,477 1,005,472 757,15' '. 11,442033 1.5,590,777 12,1.58,110 Wichita Colorado Springs Cedar Rapids Total other West'rn St. Louis New Orleans 161,991 ,828 27.350,550 16,074.797 47.064,04(j 1,121.236 Fremont 154.562,536 177.516,781 2.^098,750 4tiO,99l 2rt8,929 887,333 Pueblo 612,1.!>9 267,584 956 +21-7 +9-0 +26 823,386 221. .-192 1,140,690 737,600 723,015 487.000 583.591 842.893 416,625 108.532 974 .103.266.283 862,050,051 CANADA— Montreal 22.0.'?3,097 Toronto Winnipeg 20,556.783 5,770.440 1,600.000 l,xl3,371 1.485.930 1,488.852 Halifax 1,282,140 +5-7 26,351,794 6,361,855 3.775 094 2,637,301 3,020,550 1.664599 177,290,729 220.6 Hi 230.50 225,000 121,620 233,224.710 17,380,057 7,745,256 0,001,333 4,660.032 5.2i7,886 2,294,379 551,200 438.781 _370,42-,; 32,724,318 8,230,192 4,594.533 2.875.315 3,832,332 2.626.165 2,349,588 566,637 410,400 226,890 514,787 389,127 181.615 73 1,593 69 .408 o43,7(iG 246,537,025 1,836.930 1.659,779 11,475.829 7,327,695 7.632,925 5,299,700 3,357.405 2,761.857 2,104.071 1.573,482 1,010,382 700.000 770,^37 692,133 719,823 666,024 580.444 814,583 482,052 397,102 Not induce Not include 1.96l,9.5'J 1.702,22-2 075.815 1.618,745 872.639 560,210 15,555,(>85 361,028 805,03' Topeka Davenoort Jacksonville --45-5 - Kansas City Little Rock. Knoxville Charleston 3. "'II Philadelphia.... Pittsburgh Baltimore i 1904. t'artio + 15-2 Omaha St. Paul details for the Satui-day. at— Tacom a + 12-6 given next ings being made up by the clearing houses at noon on Saturday, and hence the above the last day of the week has to be in all cases estunated, as we go to press Friday night. We present below our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, June 3, and the results for the corresponding week 1904 1903 and 1902 are also given. Contrasted with the week of 1904 the total for the whole country shows a gain Outside of New York the increase over 1904 P®^ ^^^^P , rP Is 18-0 per cent. Clearings Portland Spokano 13,u«i5,059 $1,189,403,927 242,197,624 1. Lake City 140.128.017 45 504,889 14.533.359 171,2^7 278,927,632 fcl,72 Seattle Salt 16,480,823 1 Seven cities, 5 days Other cities, 5 days P. Cent. *1.346,867,7(iO \ PhUadel phia Baltimore Chicaeo St. Louis New Orleans 1904. San Francisco TjOs Angeles +22 3 134,895,484 6.605,900 2.978 945 2,570,090 1,853,571 1 473,839 463.440 460,472 495,224 I Chicaeo 158.695,518 7,150,200 3,281.805 2.161,225 l,201,5ii; 618,357 473,716 143,834,257 1902. Ottawa Quebec Vancouver Hamilton St. John 1,441,0,J6 London Victoria Total Canada , 18,443,213 17,084.002 +22-7 +20-3 +13'9 1.891,080 -15-4 -1-8 1,84';,901 —5-4 1,570,873 1.4.53,072 +2-4 1,107,101 +30-2 5,0(;7.3'24 1,027.786 1,012,289 021.144 919,792 023.815 690.274 59.480.748 60.997,460 4-11-7 4-12-9 —10-0 +16-6 87,231,250 20,0.36,4r>6 22,677,224 10,620,792 5,081.389 2,305.508 3,380,S)68 2.277,r>38 2.003,671 1,358,907 1.268.828 925,499 962,584 1,844,808 1,936,319 1,871,427 1,207,756 1,035,900 1,007,077 428615 872,790 495,208 63,876.245 55,950,867 THE CHRONICLE. 2366 to TEE FINANCIAL SITUATION. The most encouraging incident of favorable change now are results shows that stated whatever in the claim. week was the of weather conditions in our agricul- We tural sections. the the passing through the criti- LXXX. [YOIi. The there no is force figures already cited explain that the drop of our wheat supply during the current fiscal year to very more than little home consumption was due to meet our special circumstances. In sufficient to cold when each succeeding day of the suspension of the first place, the crop, instead of being a large crop or rains and the recurrence of warmer temperature go even an average crop, was the smallest since 1900, and far towards cal state strong and establishing cotton only two crops in the last ten years havo been as small. As to foodmuch depended Furthermore, ss to capacity of production the crop of 1904-5 has furnished no proof whatever that it could be taken as the limit of possible yield. The fact stated, that healthy Stands and stocky wheat and corn plants. stuffs, was a season when there never We upon an abundant outcome. crops of cereals Of on railroad earnings. an important feature in that prob- course they are Most people do not need lem. do not speak of large their bearing in so to be told, for clever enough to see, that railroad prosperity it But we have they are the cen- is was an unusually small crop, would be enough to dis- credit the idea. evidence in the falling conclusive According the figures of acreage. off of Government to the re- was only 44,074,875 acres, against 49,464,967 the year pievious. But as we are dis- most vitalizing industrial force in the country, and that full wheat and corn crops are an important port, item in producing that cussing the country's capacity for production, another feat- tre of the There is, result. though, another aspect of the food supply which is much more serious. The short yield of wheat and flour has had a leading influence in producing the high cost of living which prevails to-day. If the United States crop of wheat this season should be again short, it might in many ways prove greatly to our disadvanFortunately there is good promise of a larger tage. Our last full yield than we have had in several years. wheat acreage followed by a good yield was in 1901, when the planting was reported at 49,895,514 acres and the yield at the under the wheat and wheat was crop that indicates a falling only ofi last only may be included, and that bushels; in the acreage in acres, or nearly 15^ million acres increase in grain or staple acreage. as It is country The grand average yield the pliances and facilities for the seasons has been only 620,094,786 bushels, or 128 million bushels less than the good year of 1901 quoted above. This material decrease in our product, coming at a time when home consumption — was abnormally high due mainly to the prosperity of our railroads and full employment of labor at good wages —has almost left the country bare of stocks, and hence in condition to feel intensely another year of dearth. short cotton crop the would also prove a decided setback to expansion of the cotton-spinning industry vigorously under way. reasons why the week's A These to and why a long continuance might be very harmful. so some of the the more favorable facts suggest reports as to weather situation are likely now prove of special interest of unfavorable weather The statement has been frequently expressed truth respecting and will notfor a very considerable time Moreover, in the future as in the past, new approduction and marketing we will not only of our products will be introduced, so that increase the volume of crops but the cost. lessen We remember during the war with the South, when over a million of young men were taken from the i^orth and sent into the array (we had a population of only 31^ well millions of individuals, men, time), the pessimist's cry home will be left at raise our food? to We The off. men is shall starve wanted are the two children at that —that not enough hands the ground. till possible limit of the All that women and came up Instead of starvation the and a paying of late go by jumps that no crop has reached the limit of pos- is sible production, come. to higher prices, business activity, immigration, railroad development, etc. this more apt favorable incident occurs to stimulate progress, to three six years, or over 2J million acres a year. Of course that increase is not regular in wheat planting or in any other sort of wheat compared with that of 1901 of about 5^ million acres and in crop of nearly 200 million bushels. The last seen 1895, six years previous, the acreage was only 34,047,332 such 552,399,517 We have about 5^ million acres more than in 1904-5, whereas in 44,074,875 summer raising wheat, that in the previous year cited (1901) there was in wheat when some acres natural develop- the is ment from year to year of lands suitable for which has by no means reached its limit. Last year (1904) 748,460,218 bushels. land ure the planting in 1904-5 and so Who is will our army. going to continued to increase. crops wheat product is still a long way prove the truth of that state- to conditions, a year of propitious weather price. There has been no during the week with talk little made United States can no longer be depended upon as a source of supply to help make good the deficiencies of the wheat crops of Euroi)ean nations; that our own influence on affairs. needs consumption will take all we can raise. That claim is based chiefly upon the export figures for the current year (1904-5)— which will close with the last day of this month; the latest report was for the 10 months ending Eoosevelt has reached the ear of the Czar and that a April 30th, indicating an export of wheat and wheat flour has been successful to the extent of bringing the belligerThere must alwavs be a first step in such ents together. that the up for to that date to the entire outside world of only 37,275,857 bushels and smaller stocks visible and in farmers' Lands April 30th than at the same date of any of the previous eight years. Those figures, together with a population of about 83 million individuals against about 70 mil- regard to an arrangement being between Kussia and Japan, and response has been is felt a negotiation, and examination of the facts relating be a fact that President authorities so far as can En- President because his eftbrt but i)artake somewhat of the already assumed. in tiie It disposition is obvious of Eussia a halting kind until a full settlement has actually reached, although as we go to press will be of there seems to be further it however that confidence been A by the character this one has we nation. it to have Ja])an's peace terms. to express a desire to couragement seems made by Eussian lions ten years ago, made up the data used to prove that could no longer be looked upon as a wheat-exporting It end the Avar has no doubt had an to to establish the fact enough reported from Washington The initiative in an ordinary case. — June THE CHRONICLE. 10, 1905.] 2367 having been a suggestion from the President to the Ozar, the courteous answer returned by Eussia may be This was done with two special trains, one covering the merely a diplomatic way of meeting a friendly nation; or possibly the expression of a real desire by the Czar to minutes and the other the distance from Pittsburgh to distance from New York to Pittsburgh in 8 hours and 50 Chicago in 7 hours and 13 minutes. On Thursday another train made the distance between Chicago and have Japan's terras spread before the Eussian public, that he may use them to convince his own subjects of Pittsburgh, 468 miles, in 7 hours and 20 minutes, inThis latter was an average of 63-53 the impossibility of accepting them and thereby quieting cluding all stops. However that miles an hour. As the train was standing still 28 the present public clamor for peace. may be, it is evident a trap by into Japan is She will that Eussia. too wary be led to she require, says, minutes, the speed per hour while in motion was 68-1 miles. It is claimed that the distance between New some guaranty of good faith before disclosing her posi- York and Pittsburgh can easily be covered in 7 It seems to us that past experience justifies Japan's hours. tion. We have written more fully on the "Eastern In the matter of distance between New York and caution. Chicago the Pennsylvania will have the advantage over Peace Question" on a subsequent page. According to General Passenger Agent the Central. There has been distributed this week among local Daniels of the latter road, the distance via the Pennsylbanks and trust companies $56,000,000, the proceeds of vania lines between the two points is OOl-l miles and On the the final instahueut of the recently negotiated Japanese the distance via the Central lines 959-15 miles. That circumstance seems to set at rest all question as to what disposition will be made of this money. It was intimated in the Chronicle of May 27 that the funds would probably remain on deposit with the loan. syndicate opportunity was until disposition. now It offered for their final appears that such opportunity has money other what hand, Central the Obviously, however, the difference easier grades. against 55 miles in the total run will make it necesthe Central to maintain a higher average rate of of it sary for claimed to possess some- is speed. This, claimed, can readily be done. it is The Cen- claim that they have long held held the record tral people by direction of the in this country for fast trains. They point to their Empire Japanese Government, been placed on call with local State Express running between New York and Buftalo, financial institutions to await requisition from such Gov- 440 miles, as having been, for fourteen years, the' fastest been offered, and'that the ernment whenever of the disposition cause it remitted scribers it may be needed. This statement of fund seems to be important be- the has been regarded as to has, probable that would be it London, as was the money paid in by sub- on application and for the first instalment of the Such remittances were train in the world for its distance, Century Limited as having been They est 1,000-mile train. twelve years ago 180 days —they ran and for three years the fast- further note that in 1893 their "Exposition Flyer" for Columbian Exposition of the Twentieth to the in 20 hours. Tliey distinctly traced, while assert that the proposed schedule of 18 hours they were in progress, to one of the banks in the syndi- extending the time loan. now made by the is simply Empire State Ex- and the volume of exchange bought for this pur- press to the system west of Buffalo, to Chicago, Tlie pose was so large that it was considered as probable that time to St. Louis, Cincinnati and other points is much of it was purchased in anticipation of the payment also to be quickened. The fare on regular trains of the final instalment. It is now stated, however, that between New York and Chicago is $20 and on exchange covered the excess of a balance resulting from the Twentieth Century Limited the extra charge has the negotiation of a previous loan and was not on account been $8. On the 18-hour trains the extra fare on the Pennsylvania will be $10. As the cost of a sleeper is of the last issue. cate, $5 the aggregate The announcement that the running time of the fast trains between Kew York and Chicago is to be reduced to 18 hours means much to business men and at the same time is an illustration of the progressive spirit that dominates the management of our leading railroads. The Pennsylvania Eailroad, according to its published on the 18-hour trains will This looks marvelously cheap, considering be $35. is cost of a trip Going West, an hour accomplished. vania trains which will be in will Chicago at 8:55 the next morning. man New York one day is ^ew tically the whole of the next day York Central to-morrow, June 11, will reduce the time of and the Twentieth its Century Limited on Sunday June 18, when mer schedule goes into efiect, to the same basis. present the Central's Twentieth Century Limited fastest train between the two tance in 20 hours. cities, it sum- its is The Pennsylvania Eailioad after attending to placed in position the railroad standpoint spend prac- to Chicago. we mean) we need this occasion. the ing public admits of no question. also at in In other his duties in Whether such splendid service furnished so cheaply pays (from At coveriug the dis- on leave at 3:55 in the afternoon advertisements, will begin the running of trains on the schedule will be saved account of the difference in time, so that the Pennsyl- words, the business 18-hour Avliat That it is a distinct not discuss on gain to the travel- In speaking of improvements in railroad service, reference can hardly be omitted to another development of 1903 on the week. We allude to the announcement made on account of the congestion of traffic on its lines and be- Thursday by the Chicago & Alton Eailway Company cause it was doing a large amount of new construction that it had perfected arrangements for the establishment work. With this work completed the company finds it- of a wireless-telegraph system on all trains running beself able to put on a train which will excel by two hours tween Chicago and St. Louis and that eventually the the fastest trains at present run on the Central. Speed scheme would be extended to the entire system. tests made this week to demonstrate what could be done Experiments have demonstrated the feasibility of the one time had a 20-hour in the there the way will train, making of be 18-hour service no but withdrew time it in show conclusively that arrangement. difficulty and maintaining in it. An observation inaugurating with wireless apparatus On Monday while this train car and attached was running at a was to a equipped train, speed of and fifty a through run was made in 16 hours and 3 minutes. miles an hour messages were forwarded by President THE CHRONICLE. 2368 [Vol. lxxx. Chicago and replies of the Japanese syndicate bond operations. Loans deIt is stated creased $9,720,300 and deposits were reduced by $18,sent back from the train, without any hitch. This week's bank statement should reflect, that this is the first time the wireless system has ever 651,500. Felton from the general in offices communicate with persons on a moving among other items, the transfer hence to San Francisco, Through such a wireless arrangement the train through the Sub-Treasury, of $2,000,000 on Tuesday, train. dispatcher will be able to reach any train on any part of also of $300,000 on Friday of last week, as was then been used to his division, rendering collisions, thought, almost im- it is no matter what the weather conditions. possible, newspapers also state that Company the intention of the is it handle commercial messages for noted in the Chronicle, and of $250,000 on Thurs- The day to ISew Orleans. The San Francisco transfers last Al- week and in the current week were not on Japanese ac- an industrial enterprise. There was a rons to and from moving trains. This, it will be seen, transfer hither on Friday of $1,000,000 from San Franpresents the possibility of a man traveling on fast trains cisco for a bank settlement. The bank statement at tbe same time keeping touch will further influenced yet in constant with be by the and distribution on Thursday among local banks and trust companies of about his business. ton to its pat- count but lor $56,000,000, the amount of the final instalment of the Contrary to expectations, no falling in pig iron oft recent Japanese bond issue, which was paid over to the The Kuhn-Loeb syndicate on May 25. Such distribution ^'Iron Age" oi this city makes the output for May 1,967,- was made by direction of the Japanese Government, 686 tons, as against 1,922,041 tons in April, though of and the money will be held on call awaiting requisition course it must be borne in mind that May comprised 31 therefrom. days while April had only 30 days. The increase was occurred during the month of May. production due enlarged output of the steel companies, which to the The market for call money was firm on Monday, inproduced 1,289,583 tons in May, against 1,222,710 tons fluenced by the unfavorable bank statement, but it subin April and 1,232,255 tons in March. The so-called mer- sequently grew easy and it so continued until Thursday chant furnaces curtailed their product to some extent, afternoon, when, because of the calling of loans incident having made only 680,072 tons in May, against 699,- to the above-noted distribution of the proceeds of Japan331 tons in April and 704,009 tons in March. ese bonds, there was a firmer tone. Money on call repveiy considerable drop in output had been looked for, resenting bankers' balances loaned at the Stock Ex- A owing the to great the reaction falling off and in the iron in new and change during the week at 3 per cent and at 2 per cent, During June it averaging about 2J per cent; banks and trust companies steel trades orders. seems certain that the expected contraction in the make of iron falling will On Monday loans quote 2J per cent as the mimimum. some were at 2f per cent and at 2^ per cent, with the bulk of capacity had already occurred by June 1 the business at 2f per cent. On Tuesday and on Wed- in off The "Age" be realized. states that and that further reductions have taken place since then. nesday transactions were at 2J per cent and at 2 per The merchant furnaces show a further augmentation in cent, with the majority at 2^ per cent. On Thursday the total of their unsold stocks, but — — the additions velous extent of the output even approached as loans were at 3 per and cent at 2^ per never previously bulk of the business at 2^ per cent. to stock cent, On with the Friday trans- must be regarded actions were at 2f per cent and at 2^ per cent, with the and indicative ot a very exten- majority at 2J per cent. While time loans were easy for For June 1 the aggiegate of these the shorter dates, owing to the light demand, they surprisingly small sive consumption. merchant stocks 649 tons May March and athy a considering the mar- to figures 1 ot is 1; given as 399,754 tons, against 336,319,257 tons April 1; 350,746 tons February 376,440 tons buyers in deadlock being the market reported 1. The continues, still between ap- almost purchasers beyond six months. Eates on good mixed Stock Exchange collateral were 3 per cent were firm for all periods for sixty to ninety days, 3^ per cent per cent for six and 3|'2)4 per cent for four to five, seven for 3J to eight and months. Commercial paper was in good request, with moderate. offerings, and quotations were S^^i per cent moderate, and as regards the increase noted in mer- for sixty to ninety-day endorsed bills receivable and for chants' stocks, it is pointed out that this may to an four to six months choice single names; good paper runextent be misleading that consumers are forcing the ning for these periods of maturity was quoted at 4^'a)5 producers to bear the burden and are drawing down their per cent. But of pig iron. sellers declines prices continue in — own reserves to the lowest point. The Bank of England rate of discount remains un- There was no change in official rates of discount by any of the European banks this week, and unofficial, or changed at 2 J per open market, rates were easy at IJ per cent and at Berlin and Frankfort it is 2J'S)2f per cent. According to our special cable from London, the Bank of England gained £387,238 bullion during the week and held £38,273,644 tres. The having indications on for their object the all of the principal cen- Thursday that pourparlers opening of negotiations for sixty to ninety-day bank at the close of the week. burg and the liussian Government, stimulated a buoy- vises us that the gain Japanese securities participated. Last week's statement of the Banks was of New York quite unfavorable because §S5,415,525 of in the surplus rcseive. creased 810,078,400, which was duo to $3,000,000 to San Francisco and Associated the reduction The cash cable reports discounts of bills in open market rate at Paris peace were making satisfactory progress, through conferences between the American Ambassador at St. Petersant rise in the European markets, in which Eussian and The cent. London 2 per cent. The is Our correspondent was due further ad- to imports of £811,000 (of which £11,000 from Australia and £800,000 bought in the open market), to exports of £15,000 to South Africa and to shipments Great Britain. of £409,000 net to the interior of de- the transfer of also to the closing out The foreign exchange market was extremely dull this week and without special feature. The inertia was .. . June chiefly due pendency of peace negotiations, which to the contributed either THE CHRONICLE. 10. 1.905.] to hold in check nary purposes. New York Exchanges on both Curren y Gold except for ordi- the With Commercial investments in securities. bankers' drafts The finance operations were lew. easier were bills for preliminary conferences which would cause much would be $5,111,000 G«in. $2,954,000 is as little «5,111,000 30,400,000 Gain. $2,954,000 3,lo0.00& Loss. Total gold and legal tenders $35,315,000 35.511,000 Loss. England.... June 1905. >HiO.OUO of bullion 9. iix 1904. Silver. i: X, Total Gold. Silver. Jki £ £ 38,273,644 38.273,614 'lotal. _£ 33.382.074 33.382.074 45,253,807 157,591 ,690 Aust.-Hun.. Spain 47,668,000 44.420,667 159,097.184 112,337,883 13,413,000 53,651,000 35,482,000 6,426,000 110,956,000 84,691,000 13,171,000 60,839,000 47,009,000 14,805.000 22,140,000 36,945,000 14,740,000 20,241,000 60,020,000 34.981,000 Italy 22,443,000 3,688,400 26,083,400 22,045,000 3,999,300 26,044,300 6,773,600 6,238,500 13,012,100 5,475,800 6,603,900 12,079,700 3,150,000 1,575.000 4,725,000 3,151.333 1,575.667 4,727,000 40,238,000 104,580,000 liassia Netherl'ds. Nat. Belg. .. 12,467.000 47,049,000 8,113,000 92,804,000 13,0X1,000 Tot. week.. 392.559,761 111.022.567 503,582,32s 358,314,090 111,2(54,674 469,578,764 Tot. prev... 394.462.764 111,5.57.582 506,020,346 356.493,331 111,041,018 467.534.344 very decided indications of a successful issue of such would most ... Gold. 114,676,517 l^'rance Germany.. probability that they negotiations, in which case speculation *8,005,000 27.250.000 Junes. exchange unless there were activity in in, Eoldings. Sank of now are Net Chan'ie Bank The following table indicates the amount the principal European banks. an to be Oat of Banks. Banks Interior movement as above such of in progress, there 674 000 88,065,000 Into Banks. 9, 1905. discounts in bankers who were disposed to express an opinion regarded even if peace negotiations should it as probable that result from the f6,939,O0U 1,126.000 Gain. J2,50i,000 452,000 Gain. Sub-Treasury operations the result the Week ending June in demand, either for short or for Continental exchange was unaffected by the cables. over the slight tension which developed at Paris incident and fluctuations Moroccan the revival of Those of the foreign within a narrow range. were absence Movement. 1^4,437,000 follows. representing London made long sterling preferable to short remittance as was required, and there appeared entire A'et Interior Y. Banks. V. other transactions, such as of supply and London and Total gold and legal tenders Thursday being small, and until there were no indications the Shipped bv Rectired by 9, 1905. N. Y. linnks. Arbitrage trading in stocks was in lim- ited volume, the business only moderate bills Week ending June involving transactions drawing or offering of the 23^9 likely become buoyant and broad, resulting in large absorptions TRU QUESTION OF A 8 TURN PEACE. of American securities by Europeans and consequently in Numerous indications in the diplomatic world, such as low exchange rates. The course of this market would, however, depend largely upon the relative rates for usually precede a termination of hostilities, have unmoney here and abroad. Gold received at the Custom doubtedly been in evidence this week. We may mention the activities of our own Government, and the signs House for the week $97,412. Nominal quotations for sterling exchange were 4 85^® that its good offices were at any rate not peremptorily re4 86 for sixty day and 4 87^®4 88 for sight. Eates for jected; the understood co-operation of the German Emactual business opened on Monday 5 points higher all peror in the pressure brought to bear upon the Czar; the around, compared with those at the close on Friday of relinquishment of the French Foreign Office by M. Del- U last week, at 4 8500^4 8515 for long, 4 87'©4 8705 On Tuesday there was a further rise of 5 points in long and in cables to 4 8510®4 8520 for the former and to 4 8730®4 8735 short was unchanged. On Wednesday for the latter the market was inactive and steady at unaltered rates. On Thursday the tone was easy at a decline of 5 points for long to 4 8505'S)4 8515 for long and of 5 points for The cables to 4 8725'S)4 8735. Short was unchanged. market was easy on Friday and 5 points lower for long and for short. The following shows daily posted rates for sterling exchange by some of the leading drawers. short and 4 8725'2)4 8735 for cables. ; Km.. BroT?n Brothers Baring, 00 days & Co. ( Sight ( "0 days Masjoun & Co Sight Bank British < 60 days No. America. ( Sight Bank of 5 60 days Montreal I Sight Canadian Bank 5 00 days of Commerce. Sight.. Heidelbach, Ick- < 60 days elheimer & Co. i Sight Lazard 5 60 daye Freres ( Sight .. Merchants' Bk. J 60 days ot Canada < Sight .. 5 . . . . . ' . MON., June 4b6 86 88 88 86 88 86 88 4 4 86 4 88 4 86 4 88 5. TUES., June 6. 86 88 86 88 86 88 4 85^^ 4S7>^ 87}| 4 86 86 88 86 88 86 88 86 88 85^ S7H 4 88 4 86 488 4 86 4 88 4 85!^ 4 871^ Wed., June 7. Thub.. June 8. 86 88 86 88 86 88 86 88 86 88 86 88 85^ 851^ FBI., June 9. 86 88 86 88 86 88 87H 87J^ 86 88 86 88 86 88 86 88 86 88 86 88 86 88 86 88 85!^ 87H, 85H «7^ 85V^ . The market closed on Friday at 4 8505'®4 8510 long, 4 8695^4 87 for short and 4 8725^0)4 8735 his i his senti- I j ments towards that alliance are known the circumstances of the to be governed by If the report day. was circulated towards the week's close, that the Czar true, had draw out the Japanese peace proposals, it might readily be assumed that the end of the Eastern War was near. consented for his neutral friends We shall indulge in what we she to may no predictions on — this point save however bold a face Eussia's fighting power is reduced have said already put upon to it, that such impotence that continuance of the struggle can mean nothing but brief postponement The obvious tendency of diplomatic DAILY POSTED KATES FOB FOREIGN EXCHANGE, June 2. —who, along with other achievements, has been a recognized partisan of the stronger Franco-Eussian replacement by M. Eouvier, whose pact— and casse for of the inevitable* discussion in the up for consideration two imporiant phases of the matter what the broader direction of peace, however, brings — political results of Eastern peace, on the lines of submis- sion of EussJa to the inevitable, will be, come may be looked for and what on the financial markets. outIt is 80 88 86 88 86 88 quite safe to say that the diplomatists have not yet got S5H 87H ese for For the desperate valor, which have marked the Japan- their bearings in the matter. the ready sacrifice of life campaigns, all Foreign offices were prepared. Those qualities have been displayed by Oliental armies Khan downward, and were abundantly from Genghis for displayed by the Japanese themselves in the Chinese Commercial on banks, 4 8480'«)4 8490, and war of 1895. But for the supreme military and documents for payment, 4 84^'2)4 85J. Cotton for paynaval generalship which has taken positions supment, 4 84^'®4 84^, cotton for acceptance, 4 8480® posed to be impregnable, has completely shattered 4 8490, and grain for payment, 4 85^®4 85^. opposing armaments equal in numbers and power and The following gives the week's movements of money has developed the fighting machinery of Western civilto and from the interior by the New York banks. ization to an efficiency never approached in any Western cables. — " THE CHRONICLE. "5370 [Vol. lxxx. War, the diplomats were not prepared; and it is on these by the financial community to-day than it would hay* terms that Japan takes its new place in the ranks of been two weeks ago. In fact, the markets' reception of modem States. courted, an enemy To-day she stands forth as an to be feared, This, speaking generally, East. What tion. The news of the Eussian and a power which must quite generally assumed movement be reckoned with in every does question it be ally to hereafter in the the recognized situa- is signify in its particular application? of interest, not only as bearing on the is broader problem of Asiatic history in the future but on war with Eussia. the actual settlement of this Japan, in the Monroe Doctrine right to apply a species of Like our own more or that in the East. undefined political less name, Japan's future attitude, as maxim of coast of the to what has happened already She will hardly presnatch Cochin China from the French or Hong Asia, will necessarily ignore by right of cession pare to Kong from or conquest. the English or the from the Philippines United States, any more than our own extreme doctrinon dislodging France from the islands in the Gulf of St. Lawrence or Great Britain from Canathere will, da and Jamaica. But we imagine, aires insist . Eastern War— momentary we should of the hereafter *' say that spheres little will influence " of destruction —which w,as foreshadow the end of the has been exceedingly disappointing. to A revival in the general security market and a rapid advance in Japanese Government bonds course of which, for the time in their history, Japa- first (in the London reached and passed above nese old 4 per cents in was followed by a wavering the event was " discounted " beforehand or that its financial importance had been overestimated. There is some truth in each hypothesis. Undoubtedly one factor in the advance of home and foreign money markets, after Port Arthur's fall on January 1, was confidence that Eussia was near the end of its fighting power. It has also been plain enough, since Europe became convinced that no third Power would be embroiled in the Eastern conflict, that the war was exerting, even on European finance, no such paralyzing influence as the Boer War, for instance> which blockaded the richest gold-mining district of the world and exhausted the ready capital of the world's greatest money market. At the same time investment capital looks askance, to some extent, at the problem of movement, suggesting more "partitioning" no of China be between European Powers which have no right or title to a foot of land except from the fact that China cannot defend herWith Japan serving plain notice as to her feeling post-bellum self. in the matter, fleet's the price of Eussian 4s) undoubtedly won the place, has first the be heard of various The world learned at the TransJune 1902 how ending of war sometimes finance. vaal peace of may either that end the financial fail to Eegardless strain of war. European States in Asia. The phrase, and the disputes of the mooted question of an indemity, it is admitted on which came with it, were merely a sequel to similar epi- all hands that Japan will need a period of financial resodes of a few years before on the coast of Africa, when cuperation, and that Eussia must rebuild from the botexistence of a pre-empted coast-line, a savage population tom, and will have to begin its rebuilding by borrowing. and an unexplored interior gave at least a valid excuse These considerations may very probably have been in for diplomatic concern over the " shore possessions the mind of investment interests during the market's and the " hinterland." The attempt to apply the same cautious reception of the Eastern news. Perhaps the principle to China was grotesque; it involved unscrupu- definite news of peace, when it really comes, will be At all events it is to be lous treatment of the rights of an old and highly-civilized greeted with more enthusiasm. Power; it led directly, and not in all respects illogically, remembered that the attitude of the Eussian court cabal Tbat to the Boxer outbreak of 1900, and it is now, in our has hung like a pall over every peace conjecture. judgment, wholly mcompatible with the present position of Japan. This lines one necessary outcome of the war. is We cer- of this the settlement upon which security into it struggle, however, on the only can be settled will bring a certain the view which may be taken of interna- A few years Count Cassini, for such a reor- tional politics, we entertain little doubt. ganized Chinese army, under Japanese suzerainty, as ago there was reason to believe that the situation on the shall menace the Western world people who have heard coast of China was full of diplomatic fire brands. To-day With the relations Continental Europe declaiming hysterically about the the question is very largely settled. " "American peril can afford to smile at the talk of the of Japan, Great Britain and America what they are " yellow peril." But it is perfectly plain that hereafter, towards one another and towards China, the urgent following her show of power, Japan must have as much problem of a decade ago is close to its solution. a hand in Europe's relations with the East as the United tainly do not look, with ; States has in her relations with the West. plain inference from such an attitude is The first TRE AMALGAMATJEB COPPER REPORT. that Eussia's wings must be permanently clipped of power on the coast of Asia. Port Arthur she must, of course, relin- Company must quish vance in the policy of the management ; it was never hers act of fraud. duced vision Siberian all, except by the meanest Vladivostock will probably have to be to the status of for at an unfortified international Eaihvay much appears to will port, supervision or probably be re- and some pro- control of the inevitable. This us unavoidable as a part of the Japanese stipulations; the particular reason being that Eussia, whicli has abundantly proved in the whole Mancliurian episode, tliat she will not keep her word save under ac- The its issue of a report by the be accepted as marking a distinct ad- shareholders and meagre the The public. in its details, the whole of a four-page circular, and ment Amalgamated Copper it is it in dealing report with is very being contained in evident that are alive to that fact, for they do not tlie manage- really call it a report, but merely a "statement, together with balance But though the "statement" leaves much to be sheet." desired, it should be remembered that previously no official information whatever has been given out concernmust be placed, in the interests of ing- the company's affairs since the flotation of the shares peace, in a position where she cannot again do mischief. under what seemed such promising auspices, and with The question as to the probable influence of return of such a display of emincMit names, in April 1899 tual compulsion, peace on the financial situation is less readily answered six years ago. li\ other words, the company has made , THE CHRONICLE. JXTOE 10, 1905.1 2371 and there would hence a statement of receipts and expenses of the kind indiseem warrant for the hope that the present marks cated, and gives various other facts, such as the tons of simply the beginning of the new policy that more ex- rock stamped, the pounds of mineral obtained, the pertensive and more comprehensire returns are among the centage of refined copper in the mineral, the product in fine copper, the cost per pound at mine, besides numerprobabilities of the future. We are certain that there would be no dissent from this ous further data and quite extended remarks by the As it hap- Superintendent the whole making a pamphlet of fourconclusion had the report come unheralded. Coming to cases like the Greene Consolipens, though, the public mind had been prepared for the teen pages. event by semi-official announcements that some step of dated Copper Company or the Copper Eange Consolithat the company intended dated Company, we have reports quite out of the ordithe kind was contemplated the former making a pamphlet of twenty-four furnishing definite data concerning its affairs for the in- nary For some months rumors pages folio size, with numerous inserts, and the latter a formation of the shareholders. to that effect have been current and several times it had pamphlet of forty-eight pages ordinary size. But it is not merely in their annual statements that seemed as if the appearance of the promised disclosure was actually impending. Under the circumstances, rather these various copper companies excel. By far the most exaggerated notions gained ground as to what the report of them also furnish monthly statements of their copper was to contain. Had the document come without pre- product, these monthly figures being given at length in Having the amount of copper vious notice satisfaction at the appearance of any report the Boston newspapers. at all, even though its contents were limited, would have produced in pounds, and knowing the current market been the dominant feeling. price of the metal, the investor m any company really =a yery noteworthy departure, — — — Of course it is — natural to contrast the circular state- has all the essentials necessary to a close approximation ment of the Amalgamated Company with the elaborate as to current results (the cost of turning out the metal at and comprehensive report issued by that other prominent the different mines being a more or less constant factor industrial concern, the United States Steel Corporation- which can be ascertained from past reports), and thus he But the policy dominating the management of this latter is in position to determine for himself the dividend probconcern has from the first been wholly different. and the abilities. The Amalgamated Company has not yet standard set up an unusually high one. And we imag- reached the point where monthly figures of producine it will be many a long day before the course of the tion are furnished or allowed to come out. Indeed, it Steel Corporation in that respect will be duplicated by the Amalgamated Copper will be recalled that the Copper Producers' Association even though the reports of the two years ago had to abandon the practice, which latter shall be very greatly improved. Eeally, however, theretofore had been in vogue, of issuing monthly rethe taking of such a step would be by no means very dif- turns showing current copper production in the United ficult, fall and if in line, Co., Amalgamated Copper Company should States, simply because the Amalgamated Company, the would be following not merely the policy of largest producing interest in the country, had decided to the it the Steel Corporation but that of nearly every other of the copper-producing companies in the United States. There are in truth much fewer facts to give in the case of the copper companies than in the case of almost any other class of industrial corporations. Most of the copper concerns are controlled by Boston withhold the needful information as to and these have always pursued an enlightened policy in dealing with their proprietors and the public. Publicity has been the rule, secrecy and concealment the balance sheet people, exception. The disposition generally has been to act on the idea that the rights of the shareholders should be guarded and protected and that means turns furnished the best full official to that end. and densed" —but is it a condensed one own shows one thing at —very mines. much least, the of a "surplus and reserve" of $8,942,712 "con- existence after the pay- ment of all past dividends and allowance for the diviThe notion dend which was due May 29 1905— the balance sheet facts re- that the interests of the small owners could be ignored being of date April 29 1905. or treated with contempt has never found support in that figures part of the country. its However, in the circular statement now submitted the managers of the Amalgamated Company have turned face in the other direction and there is no reason to think that they will again take any steps backward. Perhaps in time they can be got even to resume giving The present rethe monthly estimates of production. port, as far as it goes, reveals satisfactory results. The The newspapers have contributed Weight seeing that the statement is is given to these accompanied by the well-known firm of public accountants, and namely Pogson, Peloubet & Co., who certify that they accordingly for many years past copper shares have been have examined into the affairs of the companies in in high favor in the Boston market, both for investment which the Amalgamated Company owns stock, and certificate of a their share towards bringing about such a situation, and speculation. The present "statement" of the Amal- have verified the fact that all dividends received theregamated Copper Company contains no income account from by the Amalgamated Company have been paid out for the year, that is, no figures showing receipts or ex- of current net earnings, after making ample provision penses, this being one of the deficiencies of the report. for deprecifltion, dismantlements, depletion Such an omission would be considered a decided anom- timber aly in the case of the smaller copper companies dealt in on the Boston market, reports may for be, they are no matter how meagre such give lands, of coal and the adjustment of copper on hand and to cost. To be sure the existence of tlie surplus re- by the circumstances that on essential facts, namely the number of pounds of copper the other side of the balance sheet there is an item for produced and sold during the twelve months, the aver- the large sum of $7,350,000 which is put down as a loan age price realized for the sales, and the total receipts; to the Washoe Copper Company for smelter construction. also more or less itemized statements of expenditures. As the Amalgamated owns the entire stock ot the Take certain to at least these ferred to is qualified Tamarack Mining Company, a small concern, Washoe Company, this with $1,500,000 capital, for illustration. This furnishes much money to itself. the is a good deal like owing that With this item deducted the THE CHRONICLE. 2372 On surplus mentioned would be reduced to that extent. [YOL. LXXX. company of the copper mines, the assets of the (consist-! the other hand elimination of the item would mean that ing of timber lands, coal mines, reduction works, sawthe company had devoted no less than $7,350,000 out of mills, railways, real estate, buildings, copper and cash) surplus earnings in the construction of a smelter plant. controlled through the ownership of other companies are In the end therefore the result would be the same except that out of the $8,942,712 sui'plus $7,350,000 would not exist in the form of a cash asset. estimated to have Another statement company's earnings the extensive report the in of interest. is litigation made is tana After referring to $14,000,000. that new wages for ! RIGHTS OF A GAS COMPANY IN PUBLIC STREETS. latter cost new and developing opening over $9,000,000), and expends annually Mon- in the heavy ex- Anaconda (which reduction works at employs directly or indirectly, men, 12,000 It is also pointed out that company has penses incurred in this litigation and the cost of building the of the company. company, the bearing upon the with which the been harassed, the remark all liabilities a value exceeding $50,000,000 over In making coal improvements or other changes to pro- damage claims have mote the comfort, the safety or the convenience of the The new concentrating inhabitants of a municipality, and through which public all been paid out of earnings. and smelting plant at Anaconda was erected in 1901 service corporations are forced to move gas pipes or and 1902, and is said to be the most complete and up-to- wires, or mains or conduits, in the subsurface of the mines and making settlements for copper reduction works in date At existence. these works, we are told, are treated the ores of the Anaconda, Washoe, Parrot, Colorado and Butte & Boston mining The companies. the of ores & Boston own Montana from one part of the street streets whether the companies holding the tisn frequently arises made franchises can be to another, the ques- to that account, or whether bear the outlays incurred on the municipality obliged to is A Great compensate them for such expenses. Company case of that kind came up in the United States Supreme Court a Falls. "We are not particularly impressed by the comparison few weeks ago, and that tribunal upheld the conclusion are treated at its smelter in made in the report between the capitalization of the of the State courts that the company itself must bear the Amalgamated Company at its selling value and the expense of making the changes imposed upon it. In capitalization of the Calumet & Hecla Company and effect, the Court decides that franchises for the use of indicat- streets are taken subject to the right of the city authorithe Eio Tinto Company at their selling values ing that the Amalgamated Company has a market ties to require changes of that nature whenever necessity — capitalization of only 76 cents per pound of copper pro- them. calls for duced as against a market capitalization of 80 cents for The case arose out of the suit of the New Orleans Gas the Calumet & Hecla ard of $1 56 for the Eio Tinto Light Co. against the ]S'ew Orleans Drainage Commis- Company. There something very suggestive of an is at- promote speculation in such comparisons and tempt to there has been Amalgamated altogether much too Obviously, too, every aflairs in the past. tub must stand on general public is Amalgamated is its own not yet speculation in bottom, and entirely By sion. July 9 1896, the State created a board known as the Drainage Commission of the same kind of a tub as the Calumet jS^ew Orleans, which board was given the power to control and execute a plan for the we imagme the drainage convinced that the an Act of the Louisiana Legislature approved of the City of New Orleans and also the power property, according to appropriate to the laws of the by legal proceedings, for the purpose of construct& Hecla or the Eio Tinto. If the Amalgamated shall ing a drainage system. In the course of the construcdevelop the same degree of merit as the other two world- tion of this drainage system it was found necessary to ask renowned concerns, market values will in the end adjust the New Orleans Gas Light Co. to change the location themselves to a like basis. in some places in the streets of the city of its mains As already stated, there return. Shareholders are owned wholly is no income statement told, in the however, that the compa- State, and By pipes. agreed stipulation the that charges between the parties should be paid it by was the Amalgamated Com- Gas Company, and that its right to recover for the pany produced in 1904 252,000,000 pounds of refined amount expended by it should be submitted to the courts copper, of which the Amalgamated Company "received for final adjudication. The present action was brought nies or in part by tlie the benefit" from 202,000,000 pounds, and that this about 25 per cent United States. of the total As is production of copper in the Amalgamated's ownership in other companies, the facts which were ])retty well known before are confirmed and the points about which there was doubt are left in doubt. For instance, it is stated that the company owns the entire stock of the Washoe Copper Company, the Colorado Smeltiog (now the Trenton Mining & Development) Company and the Big Bhickfoot Milling Company, and all but a lew to the & to recover the State Court ment in cost of the In the changes so made. of original jurisdiction there favor of the Drainage Commission. was a judg- On appeal judgment was rehearing, however, was granted and then reversed. the Supreme Court changed its position and rendered a final decree affirming the judgment of the lower court The case was rejecting the claim of the Gas Company. thereupon carried to the U. S. Supreme Court, with the to the Supreme Court of Louisiana this A result already noted. was the contention of the Gas Company that the and the Butte & Boston companies. Then it is added judgment of the State Court, in compelling it to pay for that it owns a majority interest in the Anaconda and the cost of the clianges im])oscd upon it, impaired the Parrot companies. It is precisely on this latter point contract rights of the company and had the effect to that iniorination was desired, that is, how mnch of the take its property without conrpensation, in derogation of Btock of the Anaconda and tlie Parrot companies is rights secrrred by the Federal Constitution and Fourteenth owned in each instance. It will no doubt be encourag- Amendnrent. It was urged that, liaving acquired the ing to shares Amalgamated of the Jioston Montana shareholders to hear that, exclusive It franchise and availed itself of the right to locate its pipes June THE CHRONICLE. 10, 1905.] nntler the streets of the city, the company had acquired a 2373 T terference with the property of the Gas Company thaa by a had been necessary to the carrying out of the drainage property right which shifting of some of its mains and pipes from their loca- plan, and there was no evidence that the value of the accommodate the drainage system, without property of the Gas Company had been depreciated nor cation to compensation for the cost of such changes. It was not that the company had suffered any deprivation further contended that the Gas Company had acquired such a than the expense which was rendered necessary by the property right as prevented the Drainage Commission, in changing of the location of the pipes to accommodate the the exercise of the police power granted to it by the State, work of the Drainage Commission. Furthermore, it from removing the pipes so as to make room for its has been held in numerous cases that the police power, in taken from could not be work, but npon was it it that this could only be done insisted terms of compensation for the cost of removal. In company's claim, reference was made to a support of the the claim of privileges New tlie U. Supreme Court upholding Orleans Gas Light Co. to exclusive previous decision of the S. in furnishing gas in the city. Justice Day, however, who delivers the opinion in the present case, so far as its exercise to the health of the essential is community, cannot be contracted away. Day reasonable to suppose, Justice in the grant to the Gas Company streets in the laying of its pipes it goes would be unon to say, that It of the right to use the was ever intended surrender or impair the public right duty of conserving the public health. to to discharge the The Gas Com- which the U. S. pany did not acquire any specific location in the streets; Supreme Court in its former decision upheld was the it was content with the general right to use them; and right to supply the city and its inhabitants with gas for when it located its pipes it was at the risk that they the term granted. There was nothing in the grant of might be at some future time disturbed when the State points out that the exclusive privilege the privilege which gave the company the right to particular location in the streets. In the original grant & Banking Co. to be laid in to the i^ew Orleans any might require for a necessary public use that changes in location be made. And in the grant Orleans Gas Light Co.) the pipes were manner to the to the city or its to principle should not apply to the subsurface of the streets, which, no less than the surface, The need be "laid control. is primarily under public of occupation of the soil beneath the streets in cities is constantly increasing for the supply of In the very terms of the water and light and the construction of systems of sewerDay, there is a recognition that the age and drainage; and every reason of public policy re- inhabitants." use of the streets by the Gas as to as to produce the least inconvenience grant, says Justice manner nse of the surface of the company) the pipes were streets by the city had not been denied and tbe opinion the public ways and streets, ^' having due declares that there appears to be no reason why the same Crescent City Gas Light Co. (a company merged in the in such right to regulate the (the predecessor regard to the public convenience." Kew The Gas Light Company was least inconvenience the to be in such city in such use quires that grants of rights in such held subject to such reasonable subsurface shall be regulation as the public Except that the privilege was conferred to use health and safety may require. Accordingly the conthe streets in laying the pipes in some places thereunder, clusion is that there is nothing in the grant to the Gas there was nothing in the terms of the grant to indicate Company, even if it could be legally done, undertaking thereof. the intention of the State to give up its control of the public streets^-certainly not so far as such power might be required by proper regulations to control their use for legitimate purposes connected with the public health and to limit the right of the drainage in tbe streets. State to Whatever pany acquired was subject, in so far as the location of pipes was concerned, to such future regulations as might be required in the Justice Day also observes that in the earlier decision and welfare. of the U. S. Supreme Court sustaining the company's right to supply gas in the city, it was expressly said that RAILROAD GROSS the grant of exclusive privileges to the power of the ernment of New State, or of company did not Our the Municipal Gov- month Orleans acting under authority for that purpose, to establish and enforce regulations which are not inconsistent with the essential rights granted by the company's charter, and which protection of the may be necessary for the The public. constitutional pro- upon State laws impairing the obligation of contracts does not restrict the power of the State to prohibition tect the public health, the public morals, or safety, as the one or the other execution of such contracts. may the public be involved in the Rights and privileges ing from contracts with a State are subject aris- to regula- interest of the public health UARNIN'GS FOR MAY. early statement of railroad gross earnings for the of May reveals very satisfactory results. which in the corresponding month of last year had had a serious adverse effect on both traffic and revenues. Furthermore, the month conof disturbing influences tained one more working day than the same month of May 1905 having had only four Sundays as against five Sundays in May 1904. The iron and steel trades, as is known, displayed a reactionary tendency after the wonderful activity and growth of the months last year. preceding, but of course, as same sense and to the same when the steel industry was contracts and all property, whether pression, the advantage was compared with still extent as are all owned by actual persons or corporations. The drainage of a city in the interest of the public health Cir- cumstances and conditions were quite generally favorable, and besides this there was an absence of a number, tions of this character in the all Gas Com- right the its safety. restrict the establish a system of May 1904, in a state of great de- in favor of the present year. Among the chief adverse features existing last year and welfare is one of the most important purposes for and with which the railroads did not have to contend which the police power can be exercised. The Drainage the present year was the strike of the Masters and Commission in carrying out this work, it was held by the Pilots on vessels plying on the Great Lakes. Lake Supreme Court of the State, is engaged in the execution navigation had been late in opening any way in 1904, of the police power of the State. It was admitted that and this strike operated to tie up lake shipping almost in the exercise of this power there had been no more in- completely. The effect was really quite widespread. It ; ) 1 THE CHRONICLE. r2374 Operated to check the shipments of coal over the roads Lower Lake to the portsj it served to cut off stopped the shipments way deprived this of much of grain by lake vessels, and the great East-and-West trunk of the traffic that they get from the Ports. lines lake lines lake navigation has been entirely free from any extrane- ous influence the of orado roads were also On kind. still At this iB«w Orleans... JiobUe ,........, Pansrooia.&o over the roads running to or connecting with lines 1905. 1904. 811,606 ie0,48C 581,935 eo,i44 1,010,157 619,680 4,7fil 91,141 81,719 19.409 11,122 8,653 190 8,613 77,«31 130,081 16,877 18,994 474,'Mn 81^,176 216,-H18 50,698 2fl,«3S 4",4t6 15,692 ei.OOJ 11.42( 18,014 r 0,289 2,64 9,628 PortKoyal, &o Tlim ln(( ton Wai hlngton, &o lorfclk ?^ewport Mews, &o Total. As 1003. 62,Si; jharlDstou — 1901. 159,115 187,0; 7 iavannab Brnaswiok.&o suffering from the ore miners' the other ..balea BablnePafs Ae time in 1904 Col- hand there was one advantage which existed in May 1904 and did not exist in that month of 1905 we refer to the Louisiana Purchase Exposition, which increased passenger traffic last year strike. 1906. in ealveiton Sines January May. it The present season for transportation to the seaboard. BECKIPTB OF COTTON AT 80UTHSKN POETS IN MAT, AN1> FBOM JANUARY 1 TO MAT 31, 1905, 1904 AND 1k03. the ore shipments over the roads to the Upper Lake ports and [Vol. lxxxT 657 189 1. 13,620 ( 'ill 816 20.303 151 is: 86,677 87,700 71,777 8,611 21,015 216,271 129,834 6,658 748 89'.- 14,461 13,698 626.181 1C0.727 213.826 .1,^66,852 1.719,8568,231,814 movement regards the Western live-stock the in- to St. crease here was on the whole quite considerable. TakLouis. ing the combined markets of Kansas City, Chicago, Our compilations cover, as is usual at this early date Omalia, St. Louis and St. Joseph, the receipts of cattle after the close of the month, only the roads which furin May 1905 comprised 651,086 head against 558,693 nish prompt preliminary returns. On these roads the head in May the receipts of hogs head 1904, 1,460,371 comparisons show an improvement of $3,823,386, or 8*58 against 1,354,492 head, and the receipts of sheep 777,240 per cent, over the corresponding month last year. From head against 573,369 head. what has been said above, it will have been gathered The Western grain movement was decidedly irregular. that in The 1904 our early statement for May showed a loss. The receipts of corn fell oft over 3,000,000 bushels, but however, was only $1,866,181, or 3*44 per on the other hand this loss was in part offset by increased Thus the present increase is more than double the deliveries of wheat, oats and barley. Combining the loss then, cent. 1904 decrease. May had shown improvement in May 1903 Moreover, prior exceptionally large gains — the 1904 to having been $7,462,602, or 11-92 per lour cereals four weeks mentioned, with rye, the May ending deliveries for the ; 27 1905 foot up 22,412,964 cent, following bushels, as against 23,914,285 bushels for the correspond$4,619,627 gain, or 9-17 per cent, in 1902^ $5,236,185 ing four weeks of 1904. Below we give the details of gain, or 10-03 per cent, in May 1901, and $4,934,647 the grain movement in our usual form. (i gain, or 10-29 per cent, in May 1900. Obviously, there, Bl&OBIFXS OF FLOUB AND OBAIN FOB FODB WEEKS ENDING fore, the 1905 earnings must be regarded as very large, MAT 27 AND SINCE JANUART 1. even after allowing for the falling of! sustained in 1904. ' : In the following table we carry the comparison totals back to 1896. of the OMCdor'' wks. May. 1905 1 wkB. May, 1904 <lnce J »n. 1,1905 Since Jan.l, 1904 4 Mileaoe. Tear Yr.pre- Qiven. cedmv. Oross Earnings. In. Tear Year Increase or cr'se. Given. Preceding. Decrease. Hay. Mtl«». Milet. '86(l<iiir'ds) «1,100 90.ti(sS 0-49 85,883,612 'a? (136 r'ds Oifi&a «&,74f 0-72 37,604,347 '9S (128 r'ds) 93,637 H6,860 1-16 14,»42,-i9' 'iB (111 r'ds 91,H68 00,890 1-73 44.589,301 t.7,53 95.63b 1-03 96,63 839 00 till r 'Us 01 (99r'd8 - 99,916 f.c. I >S70,772 Inc. 86,190,355 Ino. 1.113,99^ 4 4 P.C 88,694,8l<* 6-16 47.911,099 Inc. 4.934,H4'; i0-^9 '02 (81 r'ds) 91,858 90,1id2 1-76 54,942,31. '03 (81 r'd») -01,769 99,7ii3 !j-04 70,02^,295 6^,535.693 Inc 82,820 73.a80 2-76 52,181,881 7,4^2,602 ll-9i 54,001,062 Dec. 1,866,18) 3-44 a-09 18,867,104 44,5 43,7 1^ inc. 8,833,381) '01 (86r'd^) 86.108 '06 (63 r'ds) 71,767 Jan. Ito Ma 8-6d iSl. 90.980 93,3.H 00,613 92,e3l 0-4^ '»7 (184 r'ds) '9fc( 128 r'ds »6,"i0b 96,69- 1-16 212,802,4')4 I8i,519.817 inc. 29,28.'*. 4: 15-95 'i8(U0r'us) 91,9^L. 90.73. i-as 192,631.594 183.058,65.» Inc. 9, 572,936 »o0 (113 r'ds; '01 (99 r'ds) 07,884 95,365 1-99 238,503,7^1 09,910 91,85S 9tf,f,3 0-2h 279.159,04 '9e{120r'di) 0-72 180,830,194 179.431,9^2 1158,535.22- fnc. 12,,244.98- 7-26 180,8i>4,b9I (•c<l Dec. 1 4 r.2,H0rf 1 6*^1! '02 (84r'dB) 90,%Z 1-78 264,531.08.- '03 99.7 i3 2-04 310,151,^13 '01 (81 r'ds) 101,759 (66 r'ds) 86,10- 82,82( 2-76 261,210,014 825,084,716 Inc. Si 4!9.0?< 10-il 255,282.697 Inc. 24 176.413 9-17 244.184,9-8 Inc. 20, 390,100 b-35 300,727,974 Inc. 39, 723.8e.i( lS-,il 259,8 V7,2rf.l Oee. 5, 687,27H 2-l-^ '05 (51 r'ds) 72,873 2-09 831,?62,020 217,168.016 Inc 11 108,975 74.510 6-49 NOTE.— Neither the earnings of the Mexican roada nor the mining operations of the anthracite coal roads ave lnola(ied In this tdble. It should be added that besides the favorable influ- ences already noted, the railroads the present year, speaking of them as a whole, had the advantage of a heavy cotton movement and a larger live-stock movement, though the grain movement Avas smaller. ern iiorts no less the receipts of cotton in May At the South- 1905 aggregated than 626,431 bales, as against only 100,727 bales in May 1904. Moreover the shipments overland were 103,053 bales, as against but 18,281 bales in May (. 1904. The cotton movement in detail at the Southern outports for the last three years is shown in the subjoined table. VfUat, (jorn, (bbto.) (.busk.) ibuth.) 664,224 6!H,H13 428,569 606,638 68t9,l 2,y«2,S08 4,160.791 4,561,214 129,615 111,825 620,065 514,466 Oat», (bush.) 2.^21 800 3687,625 3.''3''.5ji 4,2i8,5s 43,074, one ^4 094, lO. a«,«0l,5Hi 809160 86 450 165,770 72, Oi l,'^5H,2i)0 1,5S8,«50 2,640,170 1,40S!,2. Bariev, Bve. (biisli.) ibiuh.) 1.936.60 1.069.10 9.bi*M 9,446 23f 367,900 2,011,60 89,787 129.085 537,610 1,040,367 775,200 635, OO 328.3(1 ',4rt.i,oii 1 86,300 110,100 £64,600 5J8,000 4.3D8,tH»0 6,l£ll,6uC 1 1 wks. May, 1P05 4 WkB. May. 1904 iince.lan.1,1905 52,167,814 Inc. 6,236,185 1003 9-17 60,323,(9 Inc. 4,6i9,2 B7,403,e9.' •^inoeJan.l, laori Since Jan.l, 1904 . 35,0 12,8' Inc. S.eiS.bhC 4l,S61,286 Inc. 2,708,016 Hiiwauhee— wks. May, 1905 wks. May, lOui iriour, 31nceJau.l,1901 4 wks. 1 wks. 150.850 119,670 941,805 930.165 118.005 May, 1905 May, 1904 jinoeJan.l, 1901 I 31,00 Ou 235.89J l,'^~l,•^•^b 5,73 -.8.1 « 387,0 1,062 6.63y,47» 9,b89,7>i5 6.9U.a45 1,646,00' 518,57.<( •iiuoe Jau.i, 190ii 63«,0S5 1.7. 0. 1,^560,280 98,5(10 2196:> 829.000 43^,100 1,376,990 4a6,<50 3,4>0,D. 15,000 28,217 232,613 833,117 19s.. 5i'l 7-0,000 7,300 3,0nr 4,>500 2,7i8,35( o,*-5'i 1,206,. 01 6,2j0 61,900 32,600 ?03,7ii I 8,1^2,61 Detroit- 4 wks. May, 1905 1 wks. May, 1904 'inoe Jau.l. 1905 jtnoe Jan.l, 1001 CI«»«i«n(J1 wks. May, 1906 4 wks. May, 1904 ^.inoe Jau.l, 1906 jmoe Jan.l, 1904 8,938 19.»4 10,748 243,666 Peoria 4 WkB. May. 1905 4 WkB. May, 1904 iiaoetiau.-l, 1906 }inoeJan.l, 1904 40.350 87,200 293,800 817,456 U.iiiif. Wks. May, 1905 416,900 4 4 wks. May, 1904 iDceJari.l, 1905 'luoeJan.l, 1904 •linneapnlit 4 WkB. May. 1005 4 wks. May. 242.765 24 .t8i 16,85r 19,460 84.160 .voo.sao 2,5>H,3 118,3o(j E03,7;2 l,'.8t,4lB 142,642 66l.»u0 372,9C0 11104 254,31 l,t.9S,Jl4 180,7"- 27^,297 4,0od919 ',094,!)1. 53 899,803 3, SiS.Oii 1,89J.00) 97.418 733,800 505,>-0( l.l»;i,>iOli 671 HOi 81.500 146.700 319. ?0i 4,"'4.8ju 3,lii9,v:oi, 2»9,10( 8,96u,5'J< 3,738,-.e0t iii,o-r> 4 2.051,22.' 23,949 3h7.151 717.126 a,15?.9l0 ir3,P40 l,6ii4.9tfi 168. 3,609.05 2,«iO,4"6 6,16ij.v<-o 26.699,99,^ l,970.k.46 618,000 8i«,6 4 4 \i<ti. May. 1901 '.uoe.Jail. .1,1905 6,208,80; .,acoJaii.l,1901 12,2jO,100 7.6iO,67i 1,771,2 l,7Jo,e00 i,i8*.fi9.: D,5P,'1.002 5,947.45- 8,210,339 May, 1904 1.060.1.11 4,49(S.>8 M, i-b,6i"s 7,rt/7HN .ijicojfiu.l.iuei 6.'i97.27« 5l,Of)«517 6,713.U8Zl 59.297.719 Very naturally roads as a whole the is 72,9'V. 6 j.l6'i .«.< 186,073 36.170 ' 40,8.;0 8,.i«2.o7r 140,»;73 2,060,670 612,151 24'i.'^0 249.(100 136,60 821,000 815,«(i 6.XH2,70i' e,6il,'.o Intal r,f ail— 4 WkB. Mar. 1905 •ilion Jhii.1,11'06 6,518 8,147 41,l;<3 14\69 60,8-0 701!, Ml., .SB 27,807,20' vflis. 115,6J0 78,12C 80,09e 29,iai 16.200 8.000 1,0 0,101 1,^29,20! 8>i.' 2,3 H'.2H3 1.19;J.798 0,817 iia,8jv) 71,52; ilnaeJan.1,1904 4 .164 834,870 Since Jan.l, li'O.i ilamas 04tl/ wliB. May, 1905 i.oro 3,117 43?.'i9B B18.9lUr 85,010 49,714 84'*,18& IS.roo 44.40 l'<!4..^-0o 213.023 50,9 I '.a. 4 9 3.4-<3,080 .0, 03 r.9l i0.l'2;,4 2)8,185 ^2 7.989 l,«H9.2i9 2.-2I5.025 improvement in earnings on the lefiected in the returns rate companies, and there is a large guished for very noteworthy of the sepa- list of roads distin- increases. Xor are the gains merely a recovery of the losses sustained in 1904. The New York Central will serve lor illustration as re- ) ).. . June . vealing the general trend. This system, whose figures cover simply the l^ew York Central proper and not any ent year a gain of no less than $707,503. In 1904 the loss was only $342,480. Or take another case— tlie "ol. 1905. & ? 623,03; ? 384.202 61P,e92 472,553 * ?88,e64 323.672 l,418,90r l.S30,2fO 1,416,88' 1,359,6 2 1,337,571 1,240,682 48-<,005 366,^33 3,331,847 3,'i8^8'2 43?, 261 37<',?aS South. i.Gr.W.. r,.&Gt.No.. , in excess of $30,000, whether increases or decreases. fact, there namely the kind, ii. f1(.ut!iw. Texas As & Pac. Total two decreases of this Central, which has lost $152,- are Illinois 1904. 1003. i'j02, l,^|-7,- ::t' 8,49«,C9f H. Y. Cent. & Hud. B.. Great Northern Sya. > Montana Central . \ ])Io. Kansas & Texas.. RaUway Loolsvme & Nashvme Sonthern Ho. Pac. Sys. (2 r'ds). Mlnn.Bt.P.&S. SteM. Colorado & Southern. Wheeling * L.Erie.... Bofialo Koch. & Pitts. Intemat'l & Gt. Nor.. Denv. A Rio Grande. Bio Grande West.. $ Canadian Paolilo St. Louis Southwest... Central of Georgia Ouiadlan Noitbern... To complete GKOSS $767,503 „„„ o,-. 622,950 335,878 2."i2,288 BABNIN08 IN J,805,?85 1, 337,8^6 1,25l,P9r 2,9£ 5,879 2.821,18 Dulnth So. 8h. & Atl. Mobile <fc Ohio Texas & Pacific Minn, & St * $70,699 61,278 62,681 42,868 41,930 85,855 . Louis Ohlc. Indpls. & Louie.. Ohio. Great Western. we 91^4 56^,46] 6,14,<;5v 673.35 831,65; 79S.SB1 910.3" ^04.'jT2 H-4,1'2'' 9,li«,32i 8,029,293 8,5ie,93: 6^2 7,01,',-530 AKD KILJEAGE GP.OSa EASSflMGS of Road. 1905. ABMINGS OF MOKTHWBSTEBH AND NORTH 1904. 'SnlathS.S.&Atl ereat North. Sjb. 4.203,000 4,088,OOC 679,485 254,651 643,030 183,862 3,637,698 8,044,643 Iowa Central 205,308 178,219 If tian.ft St. Loniii 240,17fc 197,311 M.8t.P.&S.8.M North. ; 1903. PACIFIC QBOUP. 1903. 8~ f lOanadtan Paoiflc. 'Chlo.at.Weat... 1901. 1800. yl85,44l 116,il9 4,245 747,350 349,400 BeUefonte Central.. Baff Rooh. APlttsb.. Canadian Northern. Janadlan Paoiflc Jentral of Georgia.. 'J,2)3,00( Siattan. Honthem. . Ohlc. Great Western. Ohio. Ind. & Loulsv. Jhlo. Term. ir. .RR.. 10,03, Gulf & Illinois —47; 513.680 +??!';, 85.^ 81- 9*29 43i>.366 444,40r; +4l,9ti( h9). 591 103 S3G 134,646 y3b7,07l 384,2>2 l,JeO,200 J XOi + 19,849 +1'?8 880 1,120 1,121 2,39? 432 2,398 1.^3 8S.2 lli9,()44 + 118,700 + '',085 +7.i,603 + 1,604 2,934,574 2,976,653 3,460,373 2,832,410 207,22C 91,137 633.162 688,460 693,190 244,306 286,553 224,988 528,491 2S6,8f2 3,211,030 180,866 2,917,243 3,807,626 208,745 168,009 2,209,059 160,25M Mo. Pact Iron Mt... Central Branch Mobile Jack. &K.C, ':} Gulf & Chlo. :iobile&Onlo. Sash. Chat. & St. L.. 2:^9,699 259,001 224,13*^ N.Y.Cen.&Hud.Riv.. 442,864 Hlo Grande South'n. St, Louis South wes'n 626,456 465,458 2^7,948 679,526 ft8,716,90t 8,716,908 3,799,881 627,984 415,23! 8,406,874 2,919,609 '2,687,030 I Total. ;• % 13,493,474 12,418,021 ia.770.414 11,403,080 Plgrures for May. 1905, not yet reported; taken same as 9,637,260 137,989 9.819,058 578 895 —71,979 4 085 4,085 +627,963 —5.013 5,701 5,701 212,2.33 85(' 163,34>- 149,696 + I<i,6i2 280 850 261 8,642,22 22,858 3,7-.i4,fi6'? -152,:U0 4,.S74 4.357 +41 + 119,170 + 37,08 i + ii58,108 1906. 19C4. 8 'Alabama Qt. X9C8. i~ So.. fc278,204 264.52f^ £60.49} d«nt. of Georffla.. 705,378 660,127 633,816 1902. 1901. S S 174,48i 21060C 656,716 470,04(- Oln.N.O.&Tez.P. 7(630,859 610.510 610,3iJS 647.887 LOTiliT. & NashT. t3,n8,515 12,920,407 3,024,386 2,625,300 Mobile & Ohio..., 718.821! 653,044 528.(06 599,864 Hash.Chat.& Bt.L. 667.180 846,261 849.13) 684,937 Bonthern Ry... ) 8t.LonlsDi7.> Y|UooAMlBS.Yal. •Total ISOO. 3 167,016 400,7t-8 459,60r 443,479 2,888,87S 2.2e0,7f8 009,667 471,040 640,175 075,339 2,476,080 3,784,418 3,53?,180 8,448,78<i 660,660 581,444 625,94i 462,994 440.816 156,148 384,75& 10,756.f3j 10.056,486 9,966,972 8.^61.187 7,884,467 7,384.820 8,173,870 2.803,837 1 BABH1KQ8 Off MIDOLB AMD 1CIDOI.B WBSTEEI«, May. 1904. 1908. S 146.219 174,844 747,350 486,3ee « 160,278 626,191 444.40(1 a84fc08( 2,063.fl6:- 2,9:4,674 2,976,556 486,103 428,35* 78,88'; 97,33( e8.181 73,486 3.794.663 4,013,79, 3,462,tl6y 8,173,307 2,626,499 I^Y.Cent.&H.R.t 3,612,522 7,137,E02 e,3('9,MB9 6,712,479 6.P63,6U 6,783, 6 4,650,377 & West. tol.St.L. & West. 10i,3f8 2-4,402 101,111 100,0H6 J'8,80« ^nn Arbor Bafr.Booh.& Pitts phlo.Ind.& LoaiBv r. Tr'nk of Can -Or. Tr'k West ^Det.Gr. H.& M minoliCenirai.... *0l. Peo. Wabash Ijfheei. AL.Brie.. t^ Total 1,8<;0,19 426,212 190S. 1901. 160.R1« t 144,241 662,128 6*4,185 518,987 439,524 420,621- 374,573 1900. 9~ 1,945,14' 828.9--S (t 139,518 B71,47« 868,806 1,798,695 846.50^ 98,3SS 80.9:6 B82,(,et 271, "80 247,03i l,'-!r9,l01 1,«28,17;^ 1,510,76'. 1.411,6f'6 129,899 l,2«2,8f9 289,8(.o 378,5:6 812,665 246,878 217.620 207,428 17,737,43S 16,926.09. l?r691,UC 15,316,4S3 14.326,216 12,826,100 It The Fail Brook System, the Beoct Creok RR. and the Wallkill Valler UR. ind Boston & Albany Included for all the years. A Figures ror May, 1905, not yet reported; taken same as last year. 1 133,045 *35,975 + 197,993 123,805 '31,026 713,32 857,180 652,04 J +9,240 +4,943 +6l,2-t 7,137,r-o 50,529 851,552 102,3138 284,402 64,5ej< l,860,i9b 426,21. + li,9'^9 + /67,&ya + :;,90i 846, '^51 6.363.9.^9 37,83 568,461 95,9o8 3,532,130 40,017 793,891 104.111 273,080 46,250 +114,503 1,159 558 8 862 ••S5*^ 4,032 97 64 14C 785 97 64 140 642 1.876 8,04 5,848 1,629 ^,991 5,718 388 257 388 257 913 91'z i/.'2e 3,516 ibf 1,308 1,201 8,490 180 1,808 +:"),024 172 172 7,203 7,188 i,27 227 +52,456, 1,827 1,767 —1,72? S-IS + 13,322 + 18,31: 451 134 248 451 134 S.4S6 + 10.512 289.805 581,444 187 1,159 + 2i2,28S — 2B,S'06 2,5l€ + 136,107 a,(;9 469 —20,884 1,211 1,175 1,889,10': 560,56t Mexican Roads— 5Tot Incluo taterooeanlo (Mex.).. viexioan Railway.... '^lexioan Soathern... -Vat'lRR. of Mexico.. *368,00C y73,i01 1,023,905 ftll,'.i66 3d In totals 884,487 .) 355,700 V74,3^:8 997,369 -73,222 -967 +26,53o 736 SZl «08 73: 823 + 12,300 ?.&:- 1,633 7 ,877 Figures are for three weeks ending May 20. a Includes Atlanta Kaoxvllle & Northern la bith yaara. y These fl.5ures are down to tha end of tha third Wtj-k of May oaly. * GROSS EARNINGS PROM JANUAItl Name of Road. 1905 Hellefonte Central Buff. Rocih. <fc PittsDurg. 1905 3,165,0.57 10tJ.a32 Alabama Gt. Southern. inn Arbor QBOUP. 3.3t>3,049 137 Total (53 roads)..... 18,367,104 '4,543,716 f3,823,386 74,767 78,230 The Atlanta Knoxvllle & Northern Is included In the totals for 1905 and 1J04. kFUfures for fourth weeli of May not yet reported; taken same as last year. '#- 7,160 53,241 197,31) 465,^58 1.331,847 3,78 4,418 & Lake Erie.. razoo& Miss. Val... +1,1^5 +1,400 +5.554 +42.868 +3 60,997 +835.878 8.560 58,8^6 240,179 626,455 1.167,7 2 .i Wheel. 482 895 40,782 672,9 4 Southern Indiana aouthern Railway. . . Texas Central.... Texas & Paolflo rol. Peoria & West'n. rol. St. L. & West..,. Virginia ASouthw... W^aDash last year. BABNINOB OF SOUTHBBH GBOUP. May. Mo.Kan.&Tex 2,662,898 3?t' .578 nunols Southern ^B,439 laternaflA Gt. No.. 486,00.'i 30*6,8*5 Iowa Central 205,303 178,2 9 Loulsv. & NashvUle.a 3,172,515' a2,920,40< tiacon & Blrmlng'm.. 9,657 8,482 iitnn.8t.P.<fe8.8te.M. 105 3,'i63 0, «anl8tlqu6 Mineral Range Minn. &8t. Louis 1,350 8,183 1,878 1 ,«->;. 679,485 < 5 Ship Island.. Central 27 653 ,509 1" 523,082 1,418.300 102,222 264,551 151,146 Montana Central.. 309 293 27 500 2SSi 8,568 1.878 J Of ya,06,020 Det.Gr.Hav.&M.) at. No.— S.P.M.ifeM. + 121,159 +7a,:^C( + 115,00 + 105,24'^ 190i. 309 +18.673 —14,059 -65f 4,885 626,191 276.1C0 4.088,OuO 660,12 137,90 Detroit Southern Dul. 80. Hhore&Atl.. 3a. South. & Florida ar. Trunk of Can...) Gr. Trunk West.. > 2,654.847 S IN MAY. fifilfarie. yl66.763 1S0,278 76^,372 Cln.N.O. &Tex.Pac. Colorado & Southeni. Denv.<fe Rio Grande Rio Grande West J » 3.237,032 3,902,962 Paoiflc... Bt.Paui&Dal.) 9,725 f,':. Increase or 1905. Deereaae. 19C4. i 1906. 6^3,803 ~7,«.5,400 Orosg Earniv f/n. Same Eastern of Minn. furnish the following six- year comparisons of earnings for the separate roads arranged in groups. May. 861,«91 2,450.3G5 6U.('6S 413,092 llabama Gt.Bonth'n Ann Arbor MAY. 252,108 207,?32 160,997 Total (representing 138,880 24 roads) $3,946,641 136,407 121,159 Decreases. 119,170 , , - nnn $152,340 iiO'^OO Illinois Central Gr. Trunk Sys. (3 rds). 71,979 115,000 114,503 Total (representing 105,245 4roads) $224,319 78,300 our analysis 8 387,19! 3.32t,*;03 has a loss of $71,979. UUAMOKS IH Increases. ISOO. only 340 (lollowing a loss, too, of $249,231 in the same month last year), and the Grand Trunk of Canada, which PKlNCli-Ai. ISOl, * J Missouri Kansas & Texas records $335,878 increase M-.T.ATox. now, as against $63,438 decrease in May last year. In M.P.&C.Br'oh .show all changes for the separate roads 2375 Majj. on.&K.Qr. I a matter of . BAKWINGS OF SOUTHWERTEBI* 'iBOUF. of the controlled lines west of Buffalo, reports the pres- we . THE CHRONICLE. 10, 1905.] the following r . ))...)) . ) Canadian Northern C *nadlan Pacino... i;!eatral of Georgia nattanooga Southern. :hlo. Great Western hlo. Ind. & Loulsv "hlc. Term'I Transfer.. Jin. NewOrl.&Tex.Pao. & Southern... Bio Gi'ande.. Rio Griinde Western \ Detroit Southern >ul. So. Shore & Atl.... Ga. Southern & Florida. Jolorado -.©nv. 6i liraurt I'ruuk "fontana Central Gulf Si Ship Island (fe yl,186,595 725,128 3,194 ,0 ^;1,384,200 18.873,70! 3,901, ^^51 2.79>?,i.7>. 1,099, ;.00 tncrcase. 17,120,1 ^>b 3,805,{i5) 956 39!>,72: 1,763,548 96,305 48,671 3,08^,934 iJ,!8«,848 2,0(17,804 £97,17.- 176,014 2S9,28o 419,626 438,833 686,141 y2,5tl,489 1,978,497 6,0:9.706 647.633 910,72; 701,321 13,385,989 12,3'38,181 1,017,8£)5 14,827,879 12,758,625 2,069,254 1,008,150 764.987 19,348,497 102,214 1,049,816 737,180 18.774,527 122,067 27.787 2.842,U1 l,r^90,446 6,478,E59 547,888 l,C9J,6i;9 Decrease, 28^,000 43,116 2,976,271 611,382 ^2.780,772 2,398,122 31, 76,671 23,763 2i,8 2 \ lilnois Central... Illinois Southern........ lui. yl,'iiZM(> 748,891 23.846 TO MAY 8,555 113,663 14,:^03 249 131,912 15.185 ) Gr, Trunk Western. . > i)et. Gr. H. &MUw..> Qrt. No.— St.P.M.& M. ITast'n of Minnesota 1904. 1 Great Northern. • ••••••• 41,695 57J,97t> 20,453 351,6«6 . - 1 THE CHRONICLE. 2376 Name of Boad. 1904 1905. and the Mellon National Bank of that city, with both of which concerns Henry C. Frick is identified. The resignations were accepted by the reepective boards on 492 Monday. Inereaie. Deertase S Iowa Central LoulBvllle MaooB & & 1.035.131 NaBhvllle.. 15,778,!S47 49.70^ 27,483 2-3,572 1.174,259 BlrmlDfirtaain. Manlstlane Mineral Ranee MlnneapollB & St. Lonlf Minn. St. P.& 8. Ste. M. Mo. Kan. & Texas Mo.Paolflo & Iron Mt... Central Branch Mobile & Ohio St. L.. Nashv.Chat. N. Y. Cent.& Had. Blv.. Rio Grande Sonthem 8t. Lonls Southwestern Bonthern Indiana Southern Railway Texas Central Texas APaoiflo Toledo Peoria* West'n 7,72S.406 15,fl01.O4;^ 621,27.'^ 3,816,881 4.100.592 <fe 82.13.'..702 19S.I!>7 3,407,740 53^454 19,S19.64P & Western... & Southwest.. Wabash Wheeling & Lak(=' Erie. Total i51 roads) Net inorease(6 49 2,283,081 6,715,272 28.250 159,80S 956.484 1,010.134 687,174 3,l86.6ie 130.26' 223,584 4.324.17(- 2,2U.'273 3.0<;6,733 .^04,462 18,6lO.-i40 881,007 12.5^1 2'<.9f»2 25.6H6 91,26!^ 1.3".»,0'.'^ S8'l3 1 1 5.Sfi5 94.3f>' 8.728. X3 1,79S,9UV 8.437,67f 1..'>8',.34 20.'^, 64' 3.474.85;- 162.d.2 Mexican Boade—Not Hexloan Railway Mexican Southern National BB. of Mex. . 2,"04,7«4 *2.39 7,700 y479,054 5,05",03& —A t ,082,136 totalA. 14,444 2,719,20*2,511, 00 114,000 15/484,548 f>,49i 4.9o2,995 87.0*4 Figures are for three weoba endlog M*y 20. y These ilguies are down to the end of the third week of * May only. bill }4: shares, trust public eales of bank stocks this and were company all made at auction. week aggregate The transactions 37 in Latt previouM tale. May 1905- 205 Mar. 1905— 155 Apr. 1905-223.'M4 May 1905— 332 H May 1905- 678 —The Superintendent of Banking at Albany yfsterday made the fitst call upon the truet companies of New York State fjr a statement of their condition und<-r the Act approved by the Governor on April 33, by which the old law relative to reports of State banks was amended to include trust companies among the institutions required to furnish quarterly returns to the Superintendent of Banking. The reading of that portion of the old law relating to such quarterly 8' atements was that "la the case of a bank or individual banker, the Snperintendent shall, at least once in every three months, designate some day therein in respect to which the report shall be made." As amended, this provision now extends to trust companies. Under the present call a statement is requested of date June 7. —It which had —Toe Guaranty Trust Co. of New York, 28 Nassau Street, has prepared an index to the Mortgage Tax Law, with the provisions briefly stated. It is a very timely publication, and the officials tell us they have had mu;h call for the pamphlet. It may be had without charge on application. Battery Park National Bank, 24 State Street, this started business Nov. 21 1904, about six months ago, with a capital and surplus of $300,000. Its deposi's, which city, stocks, alec all auction sales, reach a total of 71 shares. Price BAXKB—ireic Tork. Shares 2.^ Oommerc<>, National Bank of... 202% 150 12 Consolidated National Bank Tkost tX)MPANiK»— ilTeto Fork. 2215 4 Central Trust Co 320-825 63 Lawyfrs' Title Ini. & Tr. Co 665 14 Title Qaarantee & Trust Co reducing tne tax on Connecticut savings banks of oue per cent to 3-16 of one per cent, oeen favorably reported by the Coram ttee on Finance, was r j cted by a large majority In the House of Rt'presentatives ol ihs Connecticut Legislature on Tuesday. -Toe ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S. —The Bank and Texas on May 26 signed the new State banking bill paeaed at the special session of the Legislature. The law gots iato eff.-ct cmety days from May 13. from 14,103,97;^ nolnded In concected, namely the Franklin National Commercial Trust Company. Mr. Hyde is a VicePresident and a director of the latter ins' itution and a director ot the Back. The vacaricies occnrrlng through Mr, Prick's resignation have not beftn filled. Mr. Frick gave press vjf bu-iaees as his leison for lesigijing. 226,«v9 231,262.02( 217.1S8.04' 15,186.111 is — Qovernor Lanham of 59.224 8,9-)5.7t>i C. Frick resigned on Thursday from the boards of financial institutions with which James H. the 708,80.'' 2i-i7,l8. p. o.) Interoceanlo (Max.) Hyde 537,066 65,899 2y,921.4V? 180.HI6 —Henry two Philadelphia 16,438.105) 4.«97,S6': 542. 28t 310,224 Miss. Valley. <b I,0l4,4.'i6 of Pittsburgh 364 27.84'^ 245.322 292,8fi»- Tol. St L. Yazoo 73.464 492.517 4,791. tf3' 483.0h2 Virginia 961.6615,286.030 60.19- (Vol. lxxx. reported that a membership in the New York Stock Exchange was transferred this week for a consideration of is were |315,262 on Jan. 11 1905 and $459,390 March 14, increased to $5^7,929 on May 29, the date of the last bank call. Since then the daily average of deposits has been $544,000. Mr. E. A. Da Lima is President and Mr. Ejwin B. Day Cashier. —The Company of Brooklyn on Wednesday elected Clinton W. Ludlum Seoretarv, to succeed the late Crowell Hidden Jr. Frederick W. Rich* has been appointed to the office of Assistant Secretary, which Mr. trustees of the Franklia Trust Ladlnm vacates. — With a view Bank to opening another branch, the North Side of Brooklyn has leased a plot on the corner of Broad- uoon which a onestory building expected that the proposed branch will be opened in the fall. Ttie bank since July 1904 has been operating a branch at 710 Grand Street, Brooklyn. way and Lorimer will be erected. Street, It is —At a meeting on the 3d inst. the stockholders of the First National Baak of Albany, N. Y., voted to amend the bylaws so as to provide for the proposed increase in the number of directors from 11 to 20 members. It is believed that some of the additional directors for which places have been made will be elected at a meeting to be held a month hence. —A bond department has been opened by the First National Bank of Utica, N. Y., with Assistant Cashier F. A, —The Fifth Avenue Bank of New York on the 8th Inst, Bosworth in charge as Manager. In inaugurating the new declared a regular quarterly dividend of 35 per cent on the department the bank not only displays Its progressive spirit, capital stock of the bank and also a special dividend of 120 but gains the distinction of being the first financial instituper cent out of the earnings of 1903 and 1S04. Both divi- tion in Ucica to include in Its business such a feature. The dends will be payable July Isc 1906. Transfer books will be bank has a capital of $1,000,000 and combined surplus closed from June 23d at 12 H. until July Ist, and profits of sligbtly over that amount. $72,600. —The week of the property at No. 1 Wall Street, —The Merchants' National Bank of Waterville, Maine, wh^chhas attracted considerable attention because whose business has been absorbed by the Waterville Trust the high figure at which the transfer was effected, was Company, was placed in voluntary liquidation on the 1st sale this this city, of made through the Mercantile Trust Company of St. Louis in the interest of a syndicate of St. Louis capitalists, The site is on the southeast corner of Broadway and Wall Street, and at the figure realized at the sale is considered the highestpriced piece of real estate in proportion to its size in the country. The plot is 30 feet by 39 feet 10 inches and the price paid wan |700,000, or |598 20 per square foot. It is the intention of the new owners at some future date to erect a "sky-scraper" on the plot in keeping with its valae and the Importanoe of Its lucatlon. tors of the estate of the late The sale was made by the execuBenjamin D. Sllliman. — Prtvrie Whitney has been elected a director of the United States Trust Company of this city to replace the late Edward Cooper. —As B rf-pult of the controversy in the Equitable Life As snranco S )p.lety, James B. Hydw, its Vice- President, this week tendered his resignation as dlrtctorof the Union Trust Co. inst. —The National Newark Banking Company of Newark, N. J. (which is the oldest bank in New Jersey, having been in existence since 1801), in Its new statement under the call of May 29 1905 shoves deposits of nearly six millions of dollars $5,977,655. Surplus and undivided profits are reported Mr. Edwrard at $1,453,827 and total resources at $8 481,186. S. Campbell is President, Messrs. D.*vid H. Merritt and Vice-Presidents, and H. W. Tunis, Albert H. Baldwin, Cashier. — The recently organized Jefferson Trust Company, Jefferson and First streets, Hoboken, N. J to which we have previously referred, opened for business June Ist. Ttie new institution is Hoboifen's fourth trast company and is located in a new but very busy section of the city, convenient to Jersey City, Jersey City Heights, Union Hill and West Hoboken. , Its officers are: J. C. Gahagan, President; Leo Stein, First June THE CHRONICLE. 10, 1905.] 2377 Vice-President; Charles H. Focht, Second Vice-President; H. C. Steneck, Treasurer and S. M. Moore, Secretary. —Depositors and creditors of the failed Canton State Bank of Canton, Ohio, have commenced suit to enforce the stock- —In the month from April 29 to May 29 the Girard Trast Company of Philadelphia added almost |U2,000 to undivided holders' liability. profits, the amount having increased $1,749,806 to 11,891,621. A in that period from notable gain is also shov^n in the deposit account, the total on $30,485,671 on April 29. of $45,036,242 compare May 29 being $33,144,618, against resources now The aggregate with the $42,212,654 previous month. Philadelphia plans the erection of a new banking structure at the southeast corner of Fortieth and Market gtreets, lately purchased for the purpose. The building will be of the Italian renaissance type of architecture and of fireproof construction. —The appointment of John W. Mink to the assistant cashiership of the Union National Bank of Philadelphia is announced. —Divid E. Evans has been elected the successor of the late W. Hatter as Vice-President of the Old Town Na- Bank of Baltimore, Md. —The two most conspicuous tional architectural improvements in Columbus, Ohio, during the past year are the new bank buildings of the First National Bank and the Columbus Savings Trust Company. These are situated on the opposite sides of High Street, the main business thoroughfare of the city, less than two blocks apart. The First National block is built of granite and pressed brick, is 10 stories in height and of striking architectural beauty. The bank occupies the entire firs': floor (which, in fact, embraces two stories), an area of 42x187 feet, and the interior fittings and decorations are beautiful and tasteful, The Italian marble counters are surmounted by handsome brass work, with which the cherry woodwork and the floor mosiacs fitly harmonize. The safety Tanlts and all other appliances about the bank are of the latent patterns. The investment in ground and building is over a quarter of a million dollars. la addition to its large oommercial business, the First National of Columbus has built up an extensive trade in high-grade investment bonds in all parts of the country. Charles R. Mayers has for years been its President. The new building of the Columbus Savings Trust Company is much larger than that of the First National Bank, its dimensions being 62 feet on High Street by 188 feet on Long Street. It is twelve stories in height and of the most modern type of steel construction; the exterior of the lower portion ia brownstone, of the middle portioa pressed brick and of the upper portion artistic terra-cotta, All above the first two stories (occupied by the bank) will be used for offices. The cost of the ground was $250,000 and of the building when completed will be $500,000 more. As noted May 20, the stockholders at a recent meeting voted to increase the capital stock of the company $503,000 (making $1,000,000 total), practically to cover the cost of new building. An elaborate book descriptive of the new structure is issued by the company. The bank expects to occupy its new quarters early in July. The roster of officers is now: I. B, Cameroa, President; H. M. Ddugherty and C. M. Wambaugh, Vice-Presidents, and H. W. Baekhus, Secretary and Treasurer. & & —The application to convert the City Deposit Banking Company of Columbus, Ohio, into the City National Bank received the approval of the Comptroller at Washington on May As a national bank the institution will have a capital of $^00,000 Instead of $500,000 as at present. The stockholders will on the 12th inst. formally act in the matter 31. of the bank's conversion to the national system. —A of $300,000, of which 80 per cent ($180,000) was paid ia. —The executive council of the Indiana Bankers' Assoupon Ostober 11 and 12 as the dates for the annual convection, which Is to be held in Indianapolis. ciation has fixed changes In the officers of the American Trus^ & Savof Chicago Incident to the consolidation with the Federal Trust & Savings Bank were made at a meeting of the directors this week. The staff is now as follows : President, E. A. Potter; Vice-Presidents, T. P. Phillips, J. R. Chapman and John Jay Abbott; Cashier, Charles S. Castle; Assistant Cashiers, F. J. Scheldenhelm, O. C. D ^uker and E. L. Wagner; Secretary, Frank H. Jones; Assistant Secretaries, W. P. Kopf and Irving J Shuart. The following former directors of the Federal are now on the b^ard of th-« American: E. H. Gary, E. J. Baffiagton, Norman B. R^^am and T. P. Phillips. Nathan G Moore, Honorary Vice-President of the Federal, and Joy Morton, Honorary Vice-President of the American, have retired, Three directors of ttie American, namely A. Montgomery Ward, Charles T. Trego and F. W. Peck, have also resigned. —The —The Hamilton Trust Company of Charles The payment of the unpaid 40 per cent on each share and the enforcement of the double-llabiiuy law is asked in the petition. The bank had an autborizad capital consolidation of ings Bank . — Ia the official bank statements of May 29, as compared with those of March 14, the Chicago National Bank shows a gain in deposits of $4,409,000; the National Bank of the Republic, Chicago, three-quarters of a million, and the Hamilton National, Chicago, a half-million. That prodigtons Infant of the Cnicago First National Bank, viz., the First Trust & Savings Bank, made a gain of nearly $2,000,000 deposits for the three months, the aggregate May 29ch being $20,684,000. The American Trust & Saviugs Bank shows Increased deposits of nearly $8,000,000, but ttiis is owing to the absorption during the past month of the Federal Trust & Savings Bank. —At the annual election of the Chicago Stock Exchange on Monday, Benjamin R. Cahn was elected President for the ensuing year, succeeding Granger Farwell; John J, Mitchell has been reelected Treasurer; Sidney C. Love, Alfred L. Baker, Charles C. Adstt, Robert Pringle. Granger Farwell and Charles B. Eggleston have been elected members of the Governing Committee to serve three years; J. W. H rton, the member of the Governing Committee to serve two years, and Solomon Sturges (Caairman), S. R, Jewett, George H. High, Walter S, Brewster and A O. Slaughter Jr constitute the Nominating Committee to serve one year. —Articles of incorporation for the Standard Trust Company of Omaha, Neb., have been filt-d. The Instituion is capitalized at $100,000. It will open on July 5 acd will conduct a regular trust company business. E. F. Pnmphrey is to be the Presldeot; J. H. Conrad, Vice-President, and E, M. Martin, Seoretary. — In submitting its statement under the last Comptroller's the First Notional Bank of Omahi contrasts the deposits on that date with those recorded in 0-;'oberin the years 1904, 1903, 1893, 1883, 1873 and 1864. The deposits now verge closely on the ten-million- dollar mark, the amount on the 29th ult. being $9 800 474. Toi^ compares call (May 29), with $8,547,386 on October 1 last, $7,7(19,891 October $3,034,886 on October 2 1893, $2,651,265 October 1 1 1908, 1883, $1,122,- same date In 1873 and but $16,914 on October 8 1864. The bank has a capital of $500,000 and combined surplus and undivided profits of $329,858. Herman Kountze is President of the institution and F. H Davis the 935 on the two Youngstown, Oaio, banking in- Cashier, & Trust Company, —At a on June 24 the stockholders ot the capital $1.(00,000, and the Wick National Bank, capital First National Bank of Deadwood, South Dikot>i, will act $500,000. Toe merger will be consummated under the first- on the proposition to Increase the capital from $100,000 to named title, the capital of the institution being increased to |150,nC0, and on an amendment to the articles of association $2,000,0 10. It Is expected that A. E. Aiams, President ot providing for an addition of six members to the board, D. A. MjPherson is the Dollar Savings & Trust, will head the list of officers of making the total number eleven. stitutions la planned —the Dollar Sivings Cashier of the bank. the enlarged bank. —The stockholders of the Commercial National Bank of Zanesville, Ohio, on the Ist Inst, authorized the voluntary liquidatioo of the institution, effective on the 5ch inst. The bank has bp«^n Company of Zanesville. absorbed by the Security Trust special meeting & Savings - Edwin W. National Bank Z?a, recently elected Cashier of the Union of Kansas City, Mo., entered upon his new duties on the 23d ult. Mr. Zea is said to be one o*^ the largest stock owners of the bank and in the cashiership succeeds C. H. V, Lewis, who retired on aocount of Hi-health, . THE CHRONICLE. 2378 29ih the Mercantile Trust Com pany of Sr. Louis reports deposits of $17,585,388, representing an addition of almost 13ij million dollars in two-and-a-half months, the fignres on March 14 having been $16,265,061. The latest report shows the company's aggregate resources to be 127,787,400, as compared with $26,374,913 on the earlier date. The dis'rlbutlon of an extra spring dividend of $4 per —In etatfcment tor lis May share on the institution's $3,000,000 capital was referred to in this departmett last week, as well as the reservation out of undivided profits for the extra Christmas dividend of the same amount. The company, after providing for both these disbursements, has surplus and undivided profits of $6,708,501 —The liquidation of the Mechanics' National Bank S^ of Louis, Mo., went into effect on May 23 As the bank consolidated with the American Exchange National Bank, also in procees of liquidation, forming the Mechanics'American National Bank of St. Louis. noted heretofore, [Vol. lxxx. Savings Bar k & Trust Company and Mr. Dabney J. D. of Birmingham, is President Jr. is Cashier. —The stockholders of the Provident Bank «fe Trust ComOrleans on May 31 ratified the proposition to consolidate their institution with the Canal Bank & Trust Company. Similar action had previously been taken by the stockholders of the latter. As was stated in thess columns April 22, when particulars regarding the union were given, 'he Provident will lose its identity through the consolidation, and will exist only as the saving department of the Cmal. banquer, given by the directors of the Provident Bank to the stockholders, employees and others, followed the shareholders' meeting held on the 81st ult. pany of New A —The stockholders of the Trust Company of Dallas at from While it is said to be the intention of tbe company to take advantage of the new banking and trust " The Bankers' Trust Company of Memphis opened its law, it will not, according to local advices, engage in a comdoors for buslnees on Monday, the 5th inst., and had a most mercial banking business. —The Security Savings Bank & Trust Company is underencouraging beginning, This company, in its organization, going organization in San Diego, Cat, with $125,003 capital. Is patterned somewhat after the Bankers' Trust of New York, in having the names of bankers principally on its directorate. Those interested are said to be George W. Marston, John D. Its authorized capital is $1,000,000, most of which has been Spreokels, I. W. Hellman, Graham Bibcock, V. E. Shaw,W. subscribed and paid. R. P. Fant, a prominent lawyer of Clayton, H. L Titus, R M. Gowers, M. A. Campbell, Daniel Memphis, is President; First Vice-President, R. E. Lee Wil- Meyer, J. S. Cravens, W. C. Patterson and R. J. Waters, son, an Arkarsas capitalist; Second Vice-President, E. C. The death is announced of Alexander R. Metcalfe, PresChapman of Columbus, Miss.; Third Vice-President, J. N. ident of the First National Bank of Pasadena, Cal. Mr. Parker, who was formerly President of the Citizens' Bank of Metcalfe was also counsel for the Pacific Electric Ry. Co., Dyersburg, Tenn.; Cashier, George T. Webb, for five years Vice-President of the California Portland Cement Co., a President of the Whiteville (Tenn.) Savings Bank; Assistant director of the Pasadena Savings & Truat Company and Cashiers, L. C. Dodsoa and E, 3. Atkinson. Henry Hssoeia'^ed with other important enterprises. He was about Meyers is Manager of trie bond and trust department. fifty years of age. Dallas, Texas, lately voted to increase the capital $100,000 to $200,000. — — C — The Knoxville (Tenn,) Banking Company has recently purchased one of the finest business corners in that city the southeast corner of Gay and Clinch streets upon which it is contemplated to erect during the summer and fall an — — and bank building, the ground floor being for its own use and that of an affiliated trust company, to be organized by interests closely connected with the bank. attractive six-story new The architectural plans of this the most ornamental structures in building promise one of the city, admirably way to the requirements of the financial institutions which will be its principal occupants, adapted in every —In the immediate vicinity of the proposed new building Banking Company the old Mechanics' National Bank intends to build during the next six months a new home for itself— a massive, ten-story office structure— the plans of which are now in the har ds of contractors for bids. The old bank building of the Mechanics will be torn down and the new one erected on the same site. There has of the Knoxville been allotted for the cost of the structure $200,000, besides the value of the —The lot, East Tennessee National Bank of Knoxville Is also possessed with the desire for improvement that seems to permeate all business circles in that thriving city in the Land There has been set aside $50,000 by its and thoroughly reconstruct its banking office. The enlarged quarters will be 30 by 180 feet and fitted up with all modern banking appliances and conveniences, including extensive and costly safety deposit vaults. The work of reconstruction will be fully accomplished during the summer months. • of the Sky." directors to enlarge —An amendment to the charter of the Fidelity Tru&t Company of Louisville, Ky., creating the cffice of Chairman of the board, has been recommended to the stockholders by the directors. Under the proposed arrangement it is stated that John Stites, the present executive, will be given the new office; J >hn W. B-irr, First Vice President, will be made President, and John T. Malone, Second Vice-President, will become First Vice-President. —The Comptroller of the Currency on May 81 approved the application to orKanlza the American National Bank of Chat, tanooga with $250,000 capital. The offieiils of the Bdnk of Chattanooga are the promoters of the new enterprise. —The Commercial State Bank of Birmingham, Ala. lately organized by the younger business men of the cityl open* d for business Jnne 1 with a paid-up capital stock of $100,000. John D. [From our own eorrespoadent.] cfficje Elliott, formerly Cashier of the People's London, Saturday, May 27, 1905. Business in the stock markets has, if possible, been more stagnant than ever this week, and the Continental bourses have been practically as lifeless as the London Stock Exchange. The first immediate cause, no doubt, is the fall in New York, People in Europe had come to the conclusion that the prosperity of the United States was so great and the prospect of good crops was so promising that in spite of somewhat reckless speculation the setback would not last long or go far. It has lasted longer than people were prepared for and there is, in consequence, much discouragement. Perhaps the discouragement would be much less and a more reasonable view of what has happened in New York would be taken were it not for the uncertainty respecting affairs in the Far East. There is a report once more beginning to circulate that negotiations are about to be opened for raising another Russian loan in Paris. In Paris the rumor is quite disbslieved. It is said that the syndicate which brought out former loans has definitely decided not to raise another loan for Russia until peace is made. In Germany and Holland, however, it is thought possible that other groups of bankers may decide to bring out the loan. Whether they will be able to succeed remains to be seen. Meantime there is a nervous feeling in Paris. It was believed a week ago that the Moroccan Incident had practically been settled. It is now found that the belief was unfounded; that the German mission to Fez is acting so as to make all sorts of difficulties for France. Moreover, the negotiations going on between this country, France and Italy for the settlement of all the difficulties between them in Abyssinia are displeasing to Germany. It Is said that France will not communicate to Germany officially the result of the negotiatioup, jast as she did not communicate the result of the Anglo-French arrangement. Germany, in consequence. Is offended, and in Paris it is feared that the relations between the two countries will become further strained. Beyond this there Is, of course, grave uneasiness lest the and sea, and, in conse- Raf'Sians should be defeated by land quence, there should be renewed disturbances in Russia. In consequence of all this there has been during the week constant selling In this market on French account. Particularly — . June 11 THE CHRONICLE. 10, 1905.1 there has been heavy selling of Soath African gold shares. In Berlin there is, of course, lees anxiety than in Prance. Still there is almost equal disinclination to engage in new 2379 ©ommcxxial 'diiti 'i WW C011S HjeMTB cjcXI \ Tbeasuey Currency Holdings.— The following compila- Everybody appears determined to veait and see what tion, based on official Government statements, indicates the will be the result of the expected battles on land and sea. «nrrency holdings of the Treasury on the Ist of March, A week or two ago when the apprehensions raised by the April, M-iy and Jane, 1905. Statement for corresponding Moroccan incident were being allayed, the French banks, dates in previous year loill be found in Chronicle of June which had been reducing the balances they were employiDg 18, 1904, page 2422. TBBASnBT NET HOLDINGS. in London on a very large scale previously, discontinued doing so, and Indeed began to increase those balances. This Mar.1,1906 Apr.l, 1905 May 1,1905 Junel,1903 week they have again stopped increasing their balances and Holdings in Sub-Treasurie»208,K57,181 221.83I,6^> 212,331, "99 Z18,17«,021 letKOld coin and bullion the Paris exchange upon L:)ndonhas moved eomewhat down- ^et silver coin and bullion 26.6i!8,-5> 25,-e72.?l» Ii6,4~5.fi44 28,341.182 46,417 6,S.82l 8. Treasury notes 42.86ft 33,709 wards, from which there is a doubt whether the French "JattJ. I4,f6l,63:t 14,616.14.s 16,00-,:'54 14,3^6,323 ^et leeal-tender notes 12,l2-,e9s 16.107,l.s« 'bi national bank notes 12.8'4 398 13.»6M,127 banks may not once more begin to withdraw balances from Net fra^ttonai illver 12.947,9H5 13,915, 16>- 13,99.%!<43 18.803 978 ;.. 1,03*) 465 890,887 9'^3.0>!1 881,831 London. Everything, of course, will depend upon whethur Minor coin, etc risks. • the anxieties in Paris increase or not. Since the Paris exchange upon London recovered, a couple of weeks ago, all the gold offering in the open market in London has gone into the Bank of England. There is a very considerable amount en the way, and it is expected that the whole of that will likewise go into the Bank of England. Should there be a scare in Paris, Paris might compete for gold. Otherwise all of it will go into the Bank of Eagland, for no other country Is in a position to take gold. In fact, the money markets of the whole of Europe are so fully supplied with funds and ra^^es are so very low that there ia noobj-ictin taklog gold. Uuless, then, there should be a renewal of apprehension in Parts sufficiently strong to make the banks think n wise to Increase their reserves, money seems cheap. Ju^t now, as the end of the month is aporoachlog, there has been some little rise in the rates of interest and dis count; but that will end in the middle of next week, and throughout June there is every probability that money will be cheap unless, of course, somsthiog entirely uaforeseea happens. The India Council offered for tender on Wednesday 3) luce of drafts and the applications amounted to 398 lacs at prices ranging from Is. 3 16-16dl. to Is 4d. per rupee. Applicants for bills at Is. 8 31-82d. and for telegraphic transfers at Is. 4d. per rupee were allotted about 14 per cent of th9 amounts applied for. The following return shows the position of the Bank ot England, the Bank rate of discount, the price of consols, &c. compared with the last three years: Circulation Pnblia deposit! Other deposits Government securities SUver Olearlng-House returns 1803. May it. Jl * • 28,372 090 7,404 078 39.763.6»1 2».l7i^.670 S6,8».s,l03 Other securities Reserve of notes and coin 27,148,3S4 Coin A bnlllon, both departm'tl 37,650,b39 Prop, reserve to liabilities, p. c. BanJ{ rate percent. Consols, 2^ per cent 190S 1904. May 24 28,852.166 11.C82 100 40.862.049 16,749,6aa Ifl.KOO May 27. 790 26.S37.1 4 22,75\248 82,680,338 62^ ^i4 2Hi S 00 3-16 276-lBd. 189 198,ii< o 90M afJid. 163.U7U.000 8.694.881 40.^5 ,29i 14.?M9,e31 27,047 HOi 24.H46,06a 36,849.»2e 609i Sl4 ^t'H 2456d. 159 £5t,000 May 28. 89 15S.4fO 9HS514 4261nO(J4 14.«iil.6u3 80.980 580 24 «i4i4 36.944,81i 46 11-16 '* 96^^ 2313- 6d. 20^.0150ii Knsllsla Financial Rlarkets— Per Cable. The daily closing quotations for securities, etc., at Londoi are reported by cable as follows for the week ending June 9 London. Sat. Mon. Silver, per ounce d. Oon80lB.,new, 2^ v. ots. 267ie eo5,e 26i3ie 27 90 14 90% 90 >9 For aoooant Fr'oh rentes ( In Paris) f r. 99-65 Anaconda Mining Atoh. Top. & Preferred Santa Fe. Ohio. Mil. &BC. Panl... Pacific. Chic. Rook I. Den. & Rio Or., com.... 81 104 Ifl 8214 104i« llOH 110% & 176% 26^ Wed. 100 !5136 49)« 191« 177 1« 26% Thurs 90 73 99-80 5»« Baltimore & OUo 99 Preferred 150i« Oanadlan Pacific OheBapeake & Ohio .... 49H Ohio. Great Western... 19)4 Tuet. 90I16 514 1041 . Fri. 27 ti0% 9078 99-8714 99 86 638 53e 8II4 8214 1041* 105 IIII4 111 99i« 100 15iie 5lis 5OI4 6OI4 19ifl 178 19 27% X7714 271a 28 1^ 281s 281a 28 88 Preferred Erie, oominoD...a...... 40!<8 80 let preferred 67 2d preferred 163 Illliiolg Central Louisville & Nashville. 147 20^ Mexican Central Mo. Kan. & Tex., com.. 26 69ifl Preferred 35ifl Nat. BB. of Mex.,l8t pf N. Y. Cent. & Hudson.. 142ifl N. Y. Ontario & West.. 5078 8OI4 Norfolk & Western 95ifl Preferred ., Northern SeourltleB.... 167 »« 8i 4108 89 8914 4iie Pennsylvania PMla. & Reading * l8t preferred* 2d preferred* Southern Pacific Southern Rallw., com.. Preferred Union Pacific 67% i8 '.63 1631s 81 68 163 1471* 149 1481a 261s 60 35I2 143 511a 803a 96ifl 167i« 201a 231s 20 28 68 35 3;> )43ls 6214 82I4 9.Ms 167lfl 621a 143 62I4 82 951s 16eia 6878 68% 69 69 4868 49 >4 46H 44% 464 44% 48% 46% 48% 46% 63 >« 6378 29i« 29% 45MI 6.^% 82is 45's 6314 3214 98 >9 98ifl 124% I2509 121=.% 100 27 100 Preferred loo's U. 8. Steel Corp., com.. 26I4 94 Preferred Wabash BO'S 41)4 8II4 20>fl 95ifl 99 99 12514 99^ 2738 27 96 le 951S 18ifl 39)fl 19 la's 19 Preferred 39i« 39 Debenture "B".-- 75 75 74i« 891a * Price per share. 2fi8,2rt4,195 2«r.671,S55 289,248,071 160,000.ii0( 160,000,000 160,000,000 Cash balance in Sub-Treasuries ia2,r33 493 102,128 84 Casb lu uatloaal banks 4,785,e70 Cash in Philippine Islands 138,2<l4,lf"f 130,671,855 139,218.071 8».:iWft,0lN t3^.267.' 04 78.457,798 iJ 75 4.8H8,9a9 4,925,371 3,739,479 Netca8hinbks.,8ab-treaB.,etc 229,.SB7,712 238,5-4.5-4 223,2fl7,28'< 221,445.343 H8.715.873 90,762,9' Sf,97 ,6U7 90,H03,9e5 I9sduci oarrentllabllltles.* Available cash balance. 140.681.8:^9 .. 'f^bleflv dlsbTM-slne officers' balances 141821,624 18«..S 8»<81 13t.141.37S ' — Octo E. L )hrbe, R )sen & Co., 30 Pine S ret. New York, hsvd prepared a special circular on Deuver & Rio Qrande RR, improvement fives, which can be had on reqawBt. BIVIVBNBd become plentiful and likely to 18(15 Total cisb in dnb-Treasuries.. 272.583.493 150,000.00(i ... .. Lesagjid reserve (and Ratlroada (Nteam). Alabama Great Southern, pret. A. Atchis n Topeka & Santa Ce, pret Beaton & Albany 'qnar ) Cbicago (& Alton Sy., pret Chic & Bast Illinois, pret. (qnar.) Chicago Indlanap. A Iionisville, com.. do do do pret.. Denver & Bio Orande. pret Detrdt A Mackinac, pret Interborongn Bnpid Transit, N. Y Manhattan enar. (qnar.) (No. 86) MlBSonri Paoiflo (No. Vork <& Harlem, com. and pret... Pere Marquette, com do do pref '•3) New L & Book* dosed, (Days TnoluHw$.j Per Wlien Cent Payable iram$ of Company. J'ne 21 Holders ot reo. J'ne 10 4 2H Aug Aug 1 2'-., J'ne 3 J'ly J'ly 2 J'ly J'ly 4 2 iv> I'll 2 2'o 2V, 2 1 J'ly I to J'ne 30 Holders ot reo. J'ne 16 J'ly to to J'ly 1 J'ne 16 J'ne 28 J'ne 8 to to J'ne 2^ J'ne 8 J'l7 15 J'ne 2<? to J'ly 8 T'ne 16 to J'ly 3 J'ne 3 to J'ly 1 J'ne 17 to J'ne 29 J'ly 20 to 1 1»4 2>9 5 2% 2 J'ly J'ly J'ly J'ly 1 ' J'ly 20 Holders ot reo. J'ne 15 20 to J'ly 4 J'ne 20 to J'ly 4 1 PnltedTrao West End & Eleo., Providence (qu.) Street, Boston, pret do >« 3 J'ly J'ly J'ly 2 to 1 1 J'ne 16 to ..""! 10 to to to to J'ne 30 J'ly 2 J'ly 2 J'ly to to to to to J'ne 30 J'ne 30 J'ly 4 J'ne 80 J'ly 2 J'ne 30 J'ne 1 J'ne 1 J'ne 1 J'ne 2 J'ly 3 J'ly 1>4 J'ly 4 J'ly 1 17 14 23 a Banks. Avenue Fifth to ot reo. J'ne 15 , & Ham Tr»ction, com. (qnar.)... Col Baokeye Lake <S> Newark Tr , prf Johnstown (Pa ) Pa^s. Ry. (guar.) Dnon Traction, Philadelphia Onlted Bys. Invest., San Fran., pret.. Cln. 2 J'ne 27 8 J'ne San Fran.. st pret. (qnar.)... 1 1 J'ne i7 Street Railways. Boston & Snbarban Blec, pret. (quar.) 800 J'ly 15 Holders Cal. Gas & Eleo San Fran, (m'thly).. 2SC. J'ne 15 J'ne 11 St. 2 J'ne 28 J'ne 28 J'ly 16 25 120 3 (qaar.) (special) do Mutual Nineteenth Ward (qnar.) (No. 16) Plaza 2^ 10 J'ly J'ly J'ly 24 J'ne 24 J-ne25 1 ,T'ne 1 1 J'ne 30 J'ne 2 J'ly 1 J'ne 35 Trust Companies. Fifth Avenue (qnar.) 8 N. Y. Life Insurance <S> Trust 20 miscellaneons. Amer. Beet SoRar. pret. (qu.) (No. 24) IH. American Snuff, com. (guar ) 2^ do do pref (qnar) l-s American Tobacco, pref (quar.) IS (Jhlc June. Bys & D.Stk.Yds ,com.(qu.) 2 do do 1"^ do pref. (qu.) Oh'cago Telephone (quar.) 2^1 Oumberl'dTelep &Telesr.(qu.) (No.87) 134 Equuabl« Gas Liuht, J'ne 30 Holders ot reo. J'ne 29 J'ne 10 J'ly J'ly J'ly J'ly J'ly J'ly J'ne J'ly 3 J'ne General Electric (quar.) Greene J. n«ol. Copper (No. 12) 2 4 J'ne International Silver, pref, (quar.) Laclede Gas 4ght, com. (quar ) 1 1"« 2Hi 2'« Ul. do do Maryland do Phila., pret.. pref................ Coal, pref do do pret. (extra ) Railway Equip. Corp. (mthly) (No. 85) do do do (extra) Royal Baking Powder, pref (qnar.).... San FraucUoo Gas * Electric (qaar.). United Shoe Machinery, com. (quar.).. do do do pref. (quar.).. J'ly J'ly J'ne J'ne J'ne J'ne 1 IS J'ne J'ne 2 IS J'ne 1»« J'ne 2 J'ne IS J'ne 2S 2S Holders ot reo. J'ne 17 J'ne 18 to J'ly 2 to J'ly 2 1 J'ne i6 1 J'ne 16 to J'ly 2 1 J'ne 11 to J'ly 2 1 J'ne 1 to J'ly 2 30 J'ne 27 to J'ne 30 1 J'ne 23 to J'ly 2 1^ Holders of reo. J'ne 9 15 Holders of reo. J'ne 19 ao J'ne 9 to J'ne 20 1 J'ne 17 to J'ly 2 1- J'ne to J'ne 16 15 J'ne 11 to J'ne 16 30 J'ne 18 to J'ne 30 81' J'ne 18 to J'ne 30 1 1 U 15 15 30 ciders ot rec. J'ne 15 20 J'ne 4 to J'ne 20 16 T'ne 30 to J'ly 4 15 J'ne 30 to J'ly 4 11 J'ly 1 to J'ly 11 11 J'ly 1 to J'ly 11 Westinghouse Air Brake (quar Anctiou Sales. Among other secnrities the following not regularly dealt in at the Board, were recently sold at anction: By Messrs. Adrian H. Mnller Son: do do do ) (extra) J'ly J'ly — & stocks 15 S.S.White Drui'l Mf(f.Oo.310 1 Ooopera. Dress Asso pf. ) $2 2,000 Bonner Gold Mln. no.. ) lot. 25 Nar. Bank of OonQ^lerce.•^02% 60 Amer. Elt-o. St-'Our. Oo.*10 lot 221.^ 4 Oentral PruHt Oo 12 C'^nBol. Na: Bank 150 20 R9B.lty A-sooiates 169% 26,25'>TheCi(D us Go d Mln & Mlll.Co.f .5 ea.$v 50 per sh, 2.700 Fitts. Shaw. & Northern KR. Uo 5 187J« Jai ques Oartier Water Power Co 50>4 325 Lincoln (111 ) Gas Co.... 20 20 Nat. Commero ai Bk. of N. Y. (i*7S% paid ofl In llqaidation) $1 lot 63 Lawyers' Title Insaran'e 820-325 & Tiaat Co Stocks. & Trust Co. .665 14 Title Gua-- Bonds $100N. Y. Athietio Olnb 2d 5fl. 1910. A&O.... 86 $500 Kearny Co., Eau,, 5e, \93f>,3&J $6,000 K- o&nk Co -. & Ham oonstruo. "», 83 Br'ge i899 50 $1,000 Det.& Bay Cltv ?>b '31.120% $1,000 B'lyn Bath & Wpst End RR Borles A. 6«. '07..10258 . $372.5i>0 Pitta Shaw. & Nor. R3. C'V let 48, Series A, 19.^2 $100 P&A Pitts, Shaw. & 30 Nor.RR. Co. Borip 51 $10,000 Tlntern Manor Wat. Co. 58. 1S30. Oct., '05, cou- pona attached 67 . 87 1 9 [Vol. lxxx. THE CHRONICLE. 2380 Citj Clearing House Banks.—Statement of based on avercondition for the week ending June 3, 1905, New fork results. We omit two ciphers (00) in all age of daily City, Boston and Philadelphia Banks.- Beloir is a summary of the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia. The New York figures do not include results for non-member banks. New York We omit two cases. Capital i Capital. EAXTCS. Surplus Legals. fDepositf- Re- Specie. Loans, BANES Surplus. 219,888,3 215,174,2 214,622,8 204,546,6 S 9 .3,000.0 ........ 1,500,0 1.000,0 25,000,0 Chemical .. Merch. Kx 300,0 000,0 Anitrica Phenix — . Qallatin 2,580,8 18,042,0 2.491.7 26,476,tl 1.404,9 13,635,1 3,329,6 -2-2.212,0 3,563,0 23.148.1 4.744.0 265,8 18,013.1 204,644.9 7,710,2 24.318.2 6,155,3 352,7 8.S80,4 2,246,2 2.1 00.2 130,1 5.063.0 367.6 4.184.5 547,4 4,431,0 29.279.1 11,936,4 154.29(».6 4,424.1 21.949,6 3,497,3 618.7 6,428.2 1,067,5 2.236,4 422.5 2,010.4 14.936,0 47,677.6 6.841.1 7.167.0 1,064,2 606,2 14.973,6 3.351.1 317,3 7,128,2 1,338,7 7,006.9 400,9 3,276,0 29.893,0 8,664.9 1.077,3 6,619,2 23,250,0 64,408,0 7,230,1 1,247.8 108,7 2,957,0 19,969,5 9,94-2,0 1.502.4 14,992.-. 95,798," 9.176,5 886,)3.4;i0.0 768.3 4,791,3 715,6 3,964,0 53-2,2 45,163.6 4,224,7 9,863.9 1,784,7 2.803,7 705,6 2.77 7.h 873,0 1,391,3 12,031,-2 7,623,8 1,270,4 2,744,3 408,2 9,917,2 1,485,6 4.167.0 646.4 1,446,X 14,394,0 4.211.0 624.6 2.003.6 11.407.1 6.339,0 497.6 6,-28&,3 574,5 4,490,0 5S2,6 2,000.0 2.050,0 2,000,0 1,000,0 300,0 700.0 600.0 But. <feUro%Mech.ckTra. Greenwich Amer.Exch. Commerce.. 5,000,0 25,000,0 3,000,0 Mercantile 4-22,7 Pacitii' Chatham ... People's ... 450,0 200.0 2,000,0 3.000,0 N. America Hanover ... 1,000,0 2.550,0 500,0 1,000,0 1,000,0 2.000,0 750,0 1,500,0 3,000,0 250,0 3,000,0 300,0 10,000,0 1,000,0 250,0 200,0 750,0 1,000,0 100,0 Irving Citizens' Nassau — .. Mar.cfe Full Shoe.&Ltlir Corn Exeh Oriental , ... Imp. <fc Trad Park East Kiver Fourth ... Second ... First N.Y.Nt.Ex Bowery .. N. Y. Co... German Am Chase Fifth Ave German Ex. , Germania 200,0 200,0 300,0 .. Lincoln Garfield Filth 1,000,0 Bk. otMet.. 1,000,0 West 200,0 500,0 300.0 1.000,0 1,000,0 500,0 350.0 250,0 Side.. Seaboard .. IstN.Hklyn Liberty N. Y.Pr. Ex New Am St. Astor P.O. .$ 1.713.0 17,070.0 26-4 2,343.0 33.038.0 30 3 1.564,0 17.964.2 29-8 2,568.0 23,714.0 27-4 2,191,8 24.994.3 25-1 4.718,0 25-6 218,0 9,488,0 203,306,7 23'5 4.2;<6,3 1,786.4 22,887,8 26-3 6,863,6 26-5 597.3 1,227,3 6,847,1 24-9 658,7 1,151,7 2,8-0,5 28-1 80,2 728,2 5,814,0 240 669,0 831,0 4,303,6 22 334,9 615,4 29-1 24,246,9 5,353.3 1,706,1 22.893.4 14, 187,9 141,866,2 26-1 2,58.T,9 1,394,5 17,897,3 22-2 8,976,3 19-5 431,3 346,1 ii98,0 6,505,4 24-5 597,1 2,827,1 27-7 2-J8,4 486,5 1,431,1 2,329,6 14.159.3 26-5 9,763,3 5,342,7 56.830.4 '26-5 6,596.0 231 373,7 1,156.7 4,021,6 1,463,5 18.856,4 29 4,014,1 21-2 394,2 467.0 7,074,4 25-3 602,1 1,189,0 9,159,5 22-5 439,0 1,624,-2 5,328,0 3,807,0 36,669,0 24-9 9,337,6 24-0 426,6 1,818,8 3,859.0 1.394,0 20,410,0 25-7 1-2,8-26,0 5,818,0 72,353.0 25-7 1.459,2 25 4 194,2 177,7 4,855,0 2,429,0 24.265,'.; 300 610,0 1.881,0 10.408,0 24-0 19.175,2 2,455,6 86,908,0 24-8 8,993.8 2J-2 468,7 1,802.7 3,906,0 20-3 360.0 437.0 6.069,1 25-2 522,0 1.043,9 3,807,3 22-7 201.4 669,2 25-4 11,651,1 1.859,8 53,229 438,4 10,839.0 26 4 2,427,1 23 & 3,955.7 715,0 215,0 5,634,3 19-4 634.4 461,2 70-2,2 2,514.1 12,924,6 24-8 7,720,1 24-1 306,7 1,561,0 2.869,6 22-5 123,0 524,0 22-8 11,581,5 781,8 1,872,3 31;i,() 4,690,0 25-2 869.0 1,671.0 17,406,0 27-4 3.205,"0 4,5'25,0 30-6 ^02,0 587,0 250,0 10,065,6 26 6 2.43-2.'. 6,173,0 26 464,0 1.1 4-2 ,6 7,428,2 21-1 576,2 996.8 4,458,0 26-2 342,0 827.0 2,803,0 7,688,0 3,789,4 3,947.0 4.080,4 990.0 38.468.4 May20 42,139,5 191.940.0 May27 42,139,5 191.864.0 18,516,0 18,144,0 18,100,0 May 20 May 2 7 J'ne 3 Reports ot statement of week ending June We 3, 1905, ba.sed on average of omit two ciphers COO) in all cases. Capi- Sur- invest- OOs omitted tal. plus. ments. Specie. Wash. Hgt.x Century 100,0 100.0 100.0 100,0 ... Chelsea Kx. Colonial 9 142,6 68,2 62. >- 264,5 315,11 300,1/ Consol. Nat. 1,000,(1 1,048,8 Columbia .. 200,0 100,0 200,0 200,0 400,0 250,0 200,0 Fulelity 14tliS>tieet. Gaiisevooi t. Uannltou .. Jettersoii .. Mt. aiorris Mutual 19th Ward 200.(1 . 100.0 100.0 100,0 200,0 23d Ward .. 100,0 Union lixcli 750,0 Unituil Xul. 1.000.0 YorkviUe .. 100.0 Coalctl.Xat 300,0 Mftv«i>'lit'n 1,000,0 34th Street 200,0 Pla/,a Riversid« .. Stale 12th Ward . Borouuh 124,9 131,4 87,1 133.2 333,5 781,0 746,1 653,8 3.431,0 6,025,1' 3,677,'. 886.1 2,602,9 2,071.0 4.391,9 2,892,0 1-29,7 2,74'. 226.0 194.0 242,2 103/2 3,261,3 7(i7,:'. 117.5 109.5 536.4 1.^2,.';' '^93,7 208,:- 250,0 206,4 1,1 -2,40(i, 3,400,0 1.479,9 8.671,0 '2,156,(1 1,63.';,< 14,8 18,8 Clear'!; Other Aye at. hks.d:<j 27 " $ 126,3 43.6 31,8 350,6 417.0 314,5 30,8 49,3 16 7,0 369,0 353.5 18,9 124,9 17.3 4t>,0 '/Z,4 123,1 170,5 355,3 201,1 138,7 10,5 133.2 98,0 223.0 104.4 29.', 20.!,O 101,0 104.0 -233a 313,0 1,536,0 119.0 70,0 176,5 137, 6U0.0 813,1 87,6 i39,'i 203,7 781,8 109,0 290,5 877,0 18.'J 71,9 26,1 165,2 18,8 34.8 265.0 12,3 524,0 39,0 52,8 8,0 99.4 '262.0 I'.'l.O 18., 354,- 5.840,0 2,173.9 274.4 (12,4 '2.985,1- ;i9.o 2,557,0 1,952,0 1,281,8 548,7 118.9 307,0 252.4 145,9 1,966,2 2,524,5 1,798,0 3-2.8 i; 126,574,0 141,740,0 266.546.0 12,458,0 265.235,0 12,615,0 1263.802.0 12,725,0 135,567,-J 131,502,4 1902. 1903. 1904. 1905. For weelc. Dry Goods $2,414.-288 General Merchandise 10.631.092 $1,806,823 8,100,613 $1,598,108 7.420.503 $1,636,686 6,991,806 $13,045,380 $9,907,436 $9,018,611 $3,628,492 $62,703,067 252,«02,954 i|:53,924,877 $61,274,078 200,369,802 $54,592,800 182,706.113 TotaL Since Jan. 1. Dry Goods General Merchandise Total 22 weeks 207,734.661 $313,506,021 $201,659,538 $261,643,880 $237,298,913 of dry goods for one week later will be found in our report of the drv goods trade. The following is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the week ending June 5. and from January 1 to date. The imports NEW YORK FOR THE WEEK. EXPORTS PROM 1904. 1903. 1902. $7,143,432 201.615.722 .$9,207,967 213.65(1,186 $10,732,865 1905. For the week Previously rei)orled. Total 22 weeks. .H 8.6 13,737 223.853.282 202.'.'58. 105 $232,467,019 $208,759,154 $222,8i!4,153 $212,990,970 the figures of exports a.s reported by the New York Custom to week frequently show divergence from the monthly to time adjust totals also compiled by the Custom House, we shall from time reported. the totals by adding to or deducting from the amount "previously Note —As House from week The following table shows the exports and imports of specie at the port of New York for the week ending June 3 and since Jan. 1, 1905, and for the corresponding periods in 1904 and 1903. the the NEW YORK EXPORTS AND IMPORTS OF SPECIE AT IMPORTS. Exports. 27;2 30,3 250,2 274,0 52.3 64,1 131,04-2,0 ; Gol<i. Since Jan. Weelc. Deposits Week. 1. Since Jan. 1. 24,1' 1,1 153,3 121.2 1 377,;. 29;, 2 400,'J 3,t) 175,0 i75,0 91,5 310,0 175,8 56,1 56,4 41,2 ( $ 679.0 803.1 7oo,0 3,910,7 6,425,0 2,1»8.4 , Mexico South America All other countries. Total 1905 Total 1904 Total 1903 Great Britain •2.344,0 Germany West Indies -2.113.7 6,979.1 1.273,8 3,323.4 3.632.3 2,040,0 1,303,7 $641,685 5,037,990 3,880,093 4,549,193 58,300 7,250,000 3.000 $3,063 5.265 9.299 20,053 286,237 76,455 621,014 58.809 .$32,761,046 $37,680 $5,253,530 64,269,409 19,421,049 19,992 5,580,0.(8 6.384 3,005,202 .1=1.136 93.157 37,661 7,388 43,985 425,548 1,052,887 8,908 U39,342 $1,531,348 Siilver. 877.1 3.064,0 4,869,5 2,930,8 3,562,5 3,449,6 2,835,4 3.514,0 1.756.7 10,634.0 2.568.0 .t330,922 $1,500 20,899.553 Great Britain France Germany West Indies $ 138,974,2 Ket N. Y. Caif. Boroughs 0/ jUan&Jir'nx 7,928,0 7,840,0 7,775,0 Imports and Exports tor the Week.—The foUowing are New York for the week ending for dry goods for the week ending for general merchandise and 1 June June 2 also totals since beginning first week January. FOREIGN IMPORTS. daily results. &£ank Notes. 6,575,0 235.368.0 6,776,(1 222.715.0 6.01-2,0 223,878,0 the imports at Deposit with Leg. 3. Loans d BANKS. $ Phila^lelphia the item "due toother banks, t InclutUng for Boston and and also Government deposits. For Boston these Government deposits amounted on June 3 to $1,742,000; on May 27 to $1,711,000. - Non-Member Banks—The following is condition of the non-member banks for (Clearings, 1.628,894,3 1,782,317,8 1,821,694,8; 1,553.392,9 69,207,0 67,962.0 67.296.0 47,960,0 220,770.0 47,960,0 221,7 i-2,0 47.960,o 220.879.0 Circulation. 44,698.7 45.308,3 45,835,7 46,273,0 84,379.2 84,333. 85,625,3 85,623 Pliila. Total United Slates deposits included, $12,768,500. t 42,139,6 191.115.0 J'ne 3 11361777 25-5 115,972,7 137,656,5 11012831 204,546,5 85,623,2 ToUl 253.6-29.2 Deposits.^ $ 11502197 11651517 U5512i"2 11364777 * $ 10997169 May20 253,629,2 11204268 May27 253,629,2 11110034 J'ne S 253,629,2 11012831 Boh. N.Y. May 13 Bk. of N. Y Manhat. Co Merchants' Mechanics'. Legals. Specie, Loans. s've. 00s omitted. City ciphers (00) in all these figures. $646,564 $12,509,767 308,000 11,000 71,495 i',716 France Mexico South America .1(20 679, 9! '9 6,907 All other countries.. .$648,280 $13,.587,168 18.883.764 781.640 15,433.681 248.595 Total 1905 Total 1904 Total 1903. 40/, 511 725,4(13 28,647 62 Of the above imports for the week in 1905, $664 were American gold coin and $7,379 American silver coin. Of the ^yere American sxports during the same time, $ gold coin and ^1.000 were American silver coin. Auction Sales.— See page preceding. 01 Jirooiclipi. BorouKli 200,(1 ... Broadway 150, . Biooklyii .. Mfrs.'Nat.. MerliauK m' Morchants'. Nassau Xai Nal. City .. North side. Peopled 17tli Ward Union Wallaboul . . 300, (J 252,0 500,0 100,(1 300,0 300,0 100,0 100.0 100.0 200.0 100,0 97.3 348.4 159. 593,H 3,570,(1 000,3 10,097,0 64,3 1,653,3 7'.)0,1 5.423,0 582.V 3,479,0 170.0 1,403.2 1,»90 ll'l.O 11,2 94.3 390.3 323.7 12.7 214.1/ 106.0 19,7 62,1 10.9 17(i.i: 131.3 324,7 175,9 280, 53,8 588,4 150,6 608,3 1,188.) 337.8 153,9 601,1' 372,0 521.0 320,0 42.7 81.9 74,4 121,7 2.151,8 2.783,5 l,54;i',5 lOl.O 125,6 758,0 119,6 2,03,;,0 87.1 197. (. 30.7 285,6 1,479.6 983,0 6.650,8 94. 26,3 5,0 2,323,3 05,1 187,i 2,932,1 95.8 928,0 93,6 65,0 400.0 1,072,1 4,270,4 171,6 650,2 120.9 •2,432,2 82,2 64,8 72,0 433,2 1,').5 26i).8 4Vi,8 64,7 696.6 37,1/ 844.5 4,065.1 991.0 JkiikkyCitv First Nat... UudHon Co Nutioual . Second Nut Tliird Nat.. HOIIOKEN". First Xat... Beconit Nat. 250,0 250,0 200.0 110.0 125.0 •296,6 849,5 1,615.5 541,6 2,(525.5 161,1 1,351.0 151,2 38,8 28,1 37.7 182,6 38,0 510,(1 67,5 1 Spencer Trask Co. INVESTMENT BONDS. Transact a .oeneral bankinc business and e'xecute stock antd bond orders upon the New York Stock Exchanore. William a nd Flue St)'., New York. Branch Office, Albany, N.Y. M OF fXt~&~W H 966,4 2,920,3 1.237,5 & Monthly Descriptive List of High-Grade -2,046,6 114370 128904 r22'25i»- "•.795.0 (i 481. 139720 <. 917.8 1370803 Tol.-Miij '27 114370 128954 121H838 5.713.0 6.618.9 131'701 9.279.0 13112187 Tot^lay20' 114370 128904' 12 18 68 .').70H,ll6,53(i,Sl 147547 7.421.9 13V7661 Tol.,T'nfi 3 |Janluu9 anil 2?^uxanclal. 1,9811,3 194,0 4,4 85.4 189,4 12,121.7 2,180.9 137,1 5,366,0 i89,V 4,091,0 -.01,1 92,7 112.2 'i33.U 63, 6 1 TE , Mcinbern Now Vork StocU Kxchange. UANOVEK BANK BUILDING. NASSAU STUKKT. i>ealcr!>> in BiivcHtinciit COMMISSIO.N OKDERH 8 Securities. VECUTKD FOIl CASH ONLY. f THE CHRONICLE. Jtnras 10, 1905.] The market for other bonds has been generally firm and the transactions were relatively large towards the end of the week Japanese issues continue prominent, although the list of railway and industrial bonds traded in is a long Georgia issues have been strong featurea, *^?®"«P®.^*^*^ °^ the 2d incomes having advanced 3^ points. Rock Island bonds are als higher on a better demand Northern Pacific 3s ara nearly a point higher, although Union Pacific convertible 48 have declined over a point. Other changes in the active list are less important. KUUtXS^ ^KZttU. 1S^ ^or IKvidendM «ee page 2381 ajT^. WALI^ 8TREET. FRIDAY, JUNE 9. 1901.-5 P. M. The Money Market and Finaacial t«itaatIon.— Influences tending to restrict the volume of business in Wall Street > have again been effective this wepk, the transactions in stocks having been the smallest since the week ending August 6th last year. As thi^ is the first entire week when the new law taxing the transfer of shares has been in force, United States Bonds.- Sales of Government Bonds at the a considerable part of the reduction is readily traceable to Board include $2,000 8s, coup., 1908-18, at 104 to IO434 ftS.OOO that source. An action has been Instituted to test the con- 3s, reg 1»08-18, at 103%, and U2 000 4s, reg., 1907; at 104. stitutionality of the law, but pending a decision of the mat- rbe following are the daily closing quotations; for yearly ter it will no doubt continue to restrict operations at the range ttte third page foiloiti, g. Stock Eixchange. Interest June On the other hand there have been influences tending in June June June June Junt Periods 3 5 6 7 6 9 the opposite direction. There is a stronger hope, freely discussed, that peace negotiations may soon be considered by 28, 1930 registered Q —Jan '104 *104 •104 •104 -104 '104 28, 1930 coupon Q — Jan *104k •104 Hi •104 I2 >104V! *104i2 •1044 the belligerents in the Far East. Weather conditi jds and 2s, 1930, small.registered crop repor B are decidedly more favorable, and, as is well 28, 1930, small coupon registered Q— Feb •10334 •103^4 1033^ known, the crop situation is an increasingly dominan^. factor 38, 1918 10:-!3^ •10334 •IO3S4 38, lt»l8 coupon Feb *104: 104 104 10434 •104 •104 in W all Street affairs. In this connection it is interesting 3s, 1818, small.re^stered Q— Q— Feb coupon^ Q— ^ to note that while th transactions in stocks have decreased 38, I'J 18, small Feb *i()3>.i ib3">i *ib3ii ib3Ji •i'osi.] •ib'ijii 4 s, 1907 reglstercrt'Q— Jan •104 104 •104 104 *104 104 day by day to the smallest of the year, activity in the bond 48, 1907 coupon Q— Jan *105 *105 •105 105 •105 *105 market has as steadily increased and the market has had a 4s, 1925 registered Q— Feb *132 •132 132 •132 •132 132 4s. 1925 CouponlQ— Feb 132 132 •132 132 •132 broadening tendency. 132 * This is the price bid at the morning board The open market rates for call loans on the Stock Exchange no sale was made. during the week on stock and bond collaterals have ranged Railroad und Miscella.eoufl Stocks from 2 to 3 P.O. To-day's rates on call were 3^@23^ p. c. has been generally firm on a volume -The stock market of Prime Commercial paper quoted at 3^(84 p. c. for endorse- that one must go back many months in the business so small record to fiud its ments and for best single names. counterpart. On the most active day only 485,400 shares The Bank of England weekly statement on Thursday were t aded in and 'rom thi.s the transactions gradually showed an increase in bullion of £387,238 and the percent- diminished to about 186,000 to-day, age ot reserve to liabilities was 50'02, against 50-32 last week, ihere have been few special features and almost no the discount rate remaining unchanged at 2^ per cent. The change in the general characteristics of the market. The Bank of France shows an increase of 775,000 francs in local transportation btocks have continued strong and the goH and 1,800,000 francs in silver. Southern group, led by Atlantic Line, moved up The New York City Clearing-House banks in their state- rather sharply during the latter partCoast of the week. Northern ment ot June 3 sho»ved a decrease in the reserve held of Pacific has cover, d a range of 4 points, closing with a frac$10,078,400 and a surplus over the required reserve of tional net gain. Chicago Alton also advanced nearly 3 & $6,050,^75, against $11,465 800 the previous week. points on sales of a few shares. Union Pacific and Reading have been the most active railway is ues, fl actuating narX>ijfferences Iff 05 1904 1903 iroin rowly and closing without material change. June 3 June 4 June 6 previous week Amalgamated Copper has been the most active stock throughout the week. It declined nearly 7 points on the Capital 115,972,700 115.972,700 109,822,700 issuance of its annual report but recovered about half the Surplus 137,656,500 133,809,000 129,251,100 The United btates Steel issues are fractionally higher Loans & discounts 1,1(11,283,100 Dec 9,720,300 l,(t36,565,200 915,138,109 loss CircuUition 46,2V3,(i0i) Inc 437,300 37,282,000 44.102,200 on relatively liberal transactions. American Sugar Refining Net deposits 1,136.477,700 Dec 18,651,500 l,098,708,i»00 898,625,000 has advanced over a point on bids which brought out only Specie 204,546,500 Dec 10,07 6,3<t0 226,623,400 156,729,800 Legal tenders... 86,623,200 Dec 2,100 79,837,200 72,702,100 a few shares. For (iuiiy volume of business seepage 2389. Eeserveheld 290,169.700 Dec 10,078,400 306.460,600 229.431.900 The following sales have occurred this week of shares not 26 p. c. ot deposits 284,119,425 Dec 4,662,875 274,69it.725 224,656,250 represented in our detailed list on the cages which follow. Surplus reserve 6.050.275 Deo 6,415,525 31,760,875 4,775,650 ; , ; , , * $12,768,500 United States deposits included, against $12,75--',400 last :"Week and .ii23,380,500 1 lie corresponding week ot 1904. With these United States deposits eliminated, the surplus reserve would be ,$9,242 400 on . June 3 and iiil4,6..3,»oo on May 27. 2^ OTK.— Returns ot separate banks appear on the preceding page. 1 . Foreign Exchang*'.— The market for foreign exchange week and fluctuations were within a, very narrow ran^^e. To-day's (Friday's) nominal rates for sterling exchange were 4 85^04 86 for sixty day and 4 87i>^@4 88 for sight. Today's (Friday's) actual rates for sterling exchange were 4 8505 c£4 8510 for long, 4 8695@4 87 for short and 4 8725@ 4 8735 for cables. Commercial on banks, 4 8480@4 8490, and docu'.ients for payment, 4 843.^@4 b5}£. Cotton for payment, cotton for acceptance, 4 8480@4 8490, and 4 841^^ x)4 84^ grail, for payment, 4 85i^@4 85J^. "was eitremely dull this ; To-day's (Friday's) actual rates for Paris bankers' francs were 5 18J^*@5 181^^ for long and 5 18Jg*@5 IG^gf for short. Germany bankers' marks were 94 1316i^94^f for long and 95%\ a9o% for short. Amsterdam bankers' guilders ^were 1 Sales for STOCKS Weelc £nding Jvn'. 9 Ann Arbor, pret ChlcBarlA Quincy 160 15 462 luo 79 205 li Hi J'ne J'ne i82»<J'ne 86 «0 L <& San Fran stock tr ctfs tor G«& K 111 pref.. Twin uliy BT rights... O 8 Leather 96»4J'ne 6 St 100 13i ^,300 i.ooc '..'.. ) 97 SgJ'ne 7 llWne ^8 J'ne *«J'ne Wne 1 1 1 44 66 Jan Feb Jan eS'v.T'ne Mar 62 May Feb 1-85 Apr SBiMa} 89 Mar 1') Jan 31", Apr 167 Jan 174 Mar 92 1S2 >^J'ne ^.T'ne 11 Jan 97 J'ne Mb; I34>9Feb "sJ-ne Apr '^J'ne 14'^ Jan lOuTgJai lUS'aMar market in the 14 S J'ne 1-66 J'ne 7o0 107 J'ne 6 lOTasJ'ne — Conditions J'ne I3i«j'ne 7H Jan 90 l&2>4Ma; loS J'ne f J'ne 3 134 sinc$ Jan. I. Fe^ 76 Apr May 260 Jan 68 i02 88 ^lJ'ne 19Wue & Ont^ide Market J'ne J'ne 6'"<J'ne 62 J'ne i-8.» J'ne 3l,C 30H)J'ne 31 J'ne ^ 690 19 Hi J'ne 36 ia73*J'ne 3 170 J'ne Mining Prelerred Range 88 J'ne 320 i4J'ne 300 69 >« J'ne I'O 62 J'ne 80u 1'8" J'ne N J Telejihone... Securities 111 Cent'i stock trust oertlfloates ^ RB J'ne J'ne J'ne 1 SI* J'ne 85 J'ne 8 l-'2'4J'ne Kan»viha lb Michl an... Knick Ice (Chlcasro) N 76 8< W Silver Range for week 205 Chio Ind <fe Loaisv, pref. Chio & No Weft rights.. Cleve Lor & Wheeling., Oleve & Pittsb, guar Del .6 Hudson rights.... Ft & Denv C, stmpd.. General Chemica' Horn I Week for unlisted week have shown no improvement. Trading has continued more or less languid, and, outside of a few 40>-4ll^40>4§ tor short. Exchange at Paris on London to-day, 25 f. ISi^c; week's prominent issues, price fluctuations have been narrow and unimportant. Chicago Subway was one of ihe few stocks range, 25 f 19c. high and 25 f 18i^o. low. that displayed animation; these shares advanced from The weelr's ramre for exchange rwtes follows -Long.. . -S/iort.- — Sterling Actual High....? 4 8510 Low I 4 8o0o ® 4 8520 8510 ©4 I I Paris Bankers' I'ravcs— olS's* ® 5 la's High....! Low 5 1834* HlU'h.„.| Low I 9413^9 9434 @ 95H1 'a> •di\\ y4i3ie HiKh....| "Less: I @ @ ® @ 4 -Cables.- 8705 4 87 I | 4 ® @ 8730 4 8726 4 8735 4 8735 ; from the market only about 2,500 shares changed hands during the week the price ranged from 1G114 to 1«4, and closes today at 1G3 the "stubs" moved irregularly between 250 and 275, and ended the week 5 1679 5 16'8 ; ; ; ® 95 403ia © 4014TI •2) *ij6 of lo/„. t I32 of 1%. i 832 of i 332 ot l«o. 1% 9518 951a 4OI4 4OI45 Plus : TI I at 2621^. Jnterborough Rapid Iransit. after a decline of 1% points to 199, advanced sharply to 205 on the announcement of an increase in the dividend rate the final sale today was at 204. Hethlehem hteel common was strong the price advancing from 29i^ to 31^ New York Transportation rose to 8?^. Standard Oil gained 2>^ points to 606!^ and ends the week at 606. United tates Leather, or entral Leather, as the new stock will be called, disi layed considerable strength; the common moved up from 39i^ to 41 1>^ and closes to-day at 41; the preferred rose 2 points to 101. ; I ha ot 1%. * * I32 of 1%. The following were the rates for domestic exchange on at the under-mentioned cities to-day Savannah, buying 50c. per $l,0'iO discount; selling 75c. per ^,000 premium: Charleston, 123^0. per $1,000 premium; New Orleans, bank, 50c. per $1,000 discount; commercial, 75o. per |1,000 discount; Chicago, par; St. Louis, 30c, per $1,000 premium; Ban Francisco, 40o. per $1,000 premium. New York : State and Kailrosd Bonds.— Sales of State bonds at the Board include $16,000 Virginia fund, debt 2-3$ at 97M and 115,000 701^ to 731^ in the early part of the week, then fell to Gb^i and later recovered to 72 the close to-day was at 11%. Northern Securities stock is gradually disappearing ©5 1818 Amsterdam Bankers' Ouilders— Low 4 87 4 8695 5 1678* 5 17 "a* Germany Banners' Marks— I securities this Virginia deferred trust receipts at 11^. % Hntish < fell to 7; olumbia t opper advanced from the last sale to-day was at 71^. 7% to 8, but later Cireene Consolidated Gold sank from 5% to iJi. Greene Consulidaced opper fluctuated between 233^ and 24>^ the close to-day was at 23^. Outside quotations will be found on page 2389. ; -^ 2 5 .i . New York Stock Exchange— Stock 3 . ;: Weekly and Yearly Record, Daily, OCCUPYING TWO PAGES 8TOCK8—HIGHEST AND LOWEST SALE PRICES Saturday June 3 79 18 7934 102 102 •149 ISO-V lOTk lOH 97 "4 97 '2 62 Ja 63^'4 •87 91 Monday 79><j SO^f 102 151 102 150 lOS lOS'g 9739 9 7 6338 641a •87 91 ••'8 148 70 14634 1467t, 147 •69 200 2031. ,2U37t 70 204 48\ 48 '4 •33 35 7934 ISf^ •69 4834 35 35 79 4 79 19 1834 191* 86 86 »84>3 86 •61 63 •6OI3 •30 31'v 171=»6 172^^ •182 *193 •230 •170 •180 •17 •30 *6 491a 79-'4 •30 621s 311a 172% 173 '6 tih 35 *94'2 96 •119 121 27 ^ 27 •56 58 i.. 6 6 '31 94^8 119 35 94'f. 120 27'^8 57 27^6 5S 3434 353^ 34 V "181 I8I34 181 181 •375 380 *375 3«0 *27Wj 281-. 27 VSia 86^2 •85 >2 87 86 *15 •15 22 20 9018 9018 90 H. 90 *12 *12 13 13 *23i2 25 22518 25i«. 3958 40^4 40 40't 78>8 78-^4 781a 7938 66 14 671a •6514 66'-. SiH >-; •60 •85 •278 2112 70 90 284 21^4 •86 94 •91 la 92 • 158 159^4 •25 26 •48 60 •81>2 S3 25 26 "-J •66 •31 •95 70 90 284 •t;o *85 280 56»4 21 90 90 93 93 159 159 14 *25 26 •48 50 •elia 83 260 230 ll-O a70 200 "180 18 •17 •30 25 56 56'ii 110 •70 112 77 •97 107 960g 91 91 •87 la 89 91 94'='8 91^4 *87'a 2618 •74 •10 •40 •20 74 •03 • 185 14 50 23 76 *62ia 64 •186 190 «22 22'4 60 Tg 60 'fc 62', 20(1 18 89 "M^ •57 62 2234 61 1834 *30Sj "5 95 27 571a 35 180 375 3JI4 27I4 181 384 27 14 87 VIOI4 *1134 24^8 123,1 60 •48 8234 •82 •23 4 •55I4 31 •110 •71 •97 95 300 *50 144 164 78I4 117 •71 100 9558 931a 9114 91 117 77 106 941a 9II4 88 89 26 14 2634 -88 26 •'8 73 •10 •45 •20 •74 64 73 15 65 22 76 H, 6412 1871a 190 223, 60S; *7L 100 91'8 9II4 62^6 "*23ia 159 25 •201a 691a '22^2 60".^ I4 15 55 20 76 64 190 •201a 22 Si 60 60 61'ie 62 14 100 575 42,700 11,535 5,700 1,045 2,0!tl 100 pref 31 100 Iake J tr piet. vot. tr. ctfs. * Erie Do L. . Western... pref Shore * Mich. South'u Louisville* Nashville... Manhattan Elevated... etrop. Secur., sub. rec. Metropolitan Street Mexican Central Michigan Central Minneapolis & St. Louis. Do pref S. P. & S. S. Do pref Minn. Mo. Kansas Do & Mane. Texas pref Missouri Pacific Nash. Cliatt. & St. Loui.s at.of Mex, non-cum.pf Do 2d pref N. Y. Central & Hudson.. N. Y. Chic. * St. L0UI8... Do Istpref Do 2d pref N. Y. N. Haven & Hartf N. Y. Ontario & Western. Norfolk* Western Do adjustment Northern Pacific pref. FaclUc Coast Co Do Istpref Do 2d pref Pennsylvania Peoria* Eastern Pore Martiuette Do pref Philadel. Rapid Transit.. Pittsb. Cin. Chic. St. L. Do pref * •88 Sj 2658 90 *73 74 14 55 20 76 2 6 -'8 Reading Istpref 2d pref Rock Island Company Do 'a 63 pref St. Joseph*Gr'd Island. Do Istpref Do 2d pref St. L.&S.Fr., 1st pref Do 2d pref C* E. I. com stock tr ctf s 192 22'^ St. Lotus Soulliwostern.. 5934 Do pref 61'38 617f Southern Pacific Co 119''« 119't •llUia 120 Do pref 31 14 313, 31 3158 Southernv.tr. cfs. stmped 9678 97 do Do pref. •961a 96'e •99 loo *99 100 O. stock tr. ctf 8 . . I4 Pacilic 32 a/ Si 'pexas 321a 3258 126 129 126 I'iO hird Avenue (N. Y.).-- 5934 M & & X . Apr 7 109 '2 Mar Jan 31 64 Apr 205 -J Feb 3 154i2Feb 60i8Mar21 28i4Mar 33 Jan 44'a Maris 8334 Apr 7 75 Jau 25igMarli; 881-2 7018 3. Maris Apr 17 laApriT 13534 Oct 72 19 434 51 47 14 Nov Nov Nov Nov Jau 26I4N0V ^514 12 7g J'ne SOSiJ'lj 47 Si J'ne 7434 Nov Nov 20 39 Nov J'ne 90 la 187 Si Apr 17 1371s Feb 17759 Deo 192i.jAprl7 173 ilai i«578 0ct -i:i .iuiTol 16118 Mar Jaulti 2 65 Sj Feb 1 207 Fob Jan (. 25 Jau HI 135 Jlai I'Jo Jai) 17 !30 Jau 31 il65 Api 734 .Tan 5 5 14 Aug 19iaFel)17 MV-j Mar2-.J 17'.2j;uj 4 11 Si All 6 J'lie 2 13 'a l<"eb 2 4 J'ly 35 April .)4 Feb 3 29 M:cy 90 Jan 1 111 Mar21 OS'aMa.v 118 May 4 1213, Marll 100 Feb Oig Apr2i. 13 Si J'ne 22 '4 Jaii 5-i May 64 Si Feb 10 4S J'nt 32 Si May2;s 39 Si Fob 3 1778 J'ne 1781a May 196'38Aprll 149 Mai '^'Si} iOO Marl 1 25012 Feb Jan 27 14 May 23 361a .Mui 14 18 Mai 83 I4 May ] 91 Marlf) 64 '2 Feb 18 May 2 2 28 la Marl 7 19 Si Jan 60 'g J'ue 76Si Jan2( 9014 J'ne 1134May2,i 17Si Jan21 5 ig J'ue 9 14 Aug 21 May 22 37 Jan 21 371a May2^ 4834 Mar 1 21SiMa> 7478May22 83 "a Marl 1 55=8 May 55 la Jan 3 71 'a Mar 3 33 May 65 Apr 7218 Jan 16 54 J'ly 90 l'eb28 90 Feb 28 72 Feb 236 Jan 4 335 Apr 17 170 Mai S3 Feb 10 90 Jau 13 70 Aug 17 May 2 2 24 Feb 2 11 J'UL8656 Jan lb 99 Marll 60 Ma\ 90 Jan 18 96^8 Mar 77 Mar 15234 Jan 25 170 Apr 15 12534 Feb 24 May24 32 Feb 3 14 J'ne 50 May 1(1 5834 Feb 3 32 Feb 81 34 Jan 25 841a Mario 64 Ig.J'ne 2'<!'8.May22 34 Feb 14 16 Si Feb 52 Jan ;; 70 Febl4 31 Feb 30 14 May2z 41 'a Mar 14 26 Mai 99i4 51ar 2 106 Marl3 85 J'ne si 1 ] 1 J 200 Long Island 120 77 107 100 200 200 300 cts. ptd Do 9178 91 Si •10 •45 20 •74 •64 190 22 Si 100 KC.Ft.S.*M.,tr. >8 '51 200 Valley ansas City So. vot. 94 " B pref 56 •91 90 ctf. 25 I6334 I64I4 9514 9138 Do Do 50 83 164S2 *10 *45 20 •74 64 *185 l,6n5 IUinoia Central owa Central 145-':6 110 •71 *100 deb. Hocking 931a 330 55 14434 146 2718 731a 7312 5U0 ijref Do 92 •9214 *95 •300 *50 117 77 112 ii4o6 pref Do 21 7734 7734 77 'b 771a 78 119% 120 14 119 119'g 11834 II914 *19ia 20 1938 19^8 •1934 20 •130 146 130 145 *130 ]46 52 •52 60 56 60 60 •85 90 93 83 85 94 *114iall8 *il4ia 116 116 11034 156 160 •155 159 155 „157 26 'a 2734 271a 275e 271a 2734 6118 6I34 591a 6134 611a 62 97 96^8 96 97 97 98 •143 148 142 148 •143 148 *34ia 36 •341a 35 •341a 35 •17 *17ia -17 19 I38I4I3934 140 I4OI4 139 14 13934 41 45 44^2 44 44 S; 441a •110 115 *110 115 110 115 •76 *76 80 80 78 78 U98 198 ^19914 I99I4 197 200 6038 6O34 6034 5138 60 Sj 5034 79-I4 80 79 'ig 80 SO 80 S2 -a 94 93 "a 931a •92 «92 94 183 la 185 183 Si 183 14 184 84 87 1831a •84 87 •84 87 •100 105 100 105 100 105 •85 •85 94 92 •85 92 13334 134 •<8 134 4 13458 13376 13418 33 39 •33 38 •33 37 26 221a 601a •95 •300 330 50 60 143 la 14438 163 la 164 130 77 107 931a •9012 •87 S» 35 100 700 Green Bay* W.. deb. cli.A •48 •31 375 Des Moines * Ft. Dodge. Detroit United DtUuth .So. Shore & Atl.. 24=8 92 25 56 35 loo 330 55 1,850 2,100 40 L"^rie 78 ''a 7834 JCjDo Istpref •65 -a 66 Si Do 2d pref -60 70 Evansv. & Terre Haute.. '85 90 Do pref 279 279 Great Nortliern, pref 159 •23 So., ^'ot. triisi 31)58 94 •5514 *3L & Delaware* Hudson elaw. Lack. & West'n. Denver* Rio Grande Do 89 22 *16 90 Do Do 300 St. L. Istpf. vot. tr. cfs 2dpt. vot. tr. clfs. Colorado •56'a & 1553) 7.34 ^34 700 96 120 2614 I.. "ib'o 150 l.OiiO pref Cleve. Cin. Chic. Do pref 9338 Mar 9 64 Feb 8914N0T 104i4Mar 9 8759 Jan 10419NOT 170 Apr24 104 Si Feb 155 13 Not HI .^^^'13 72^8 Mai 105 14 Deo 'J6 Feb 8 8758 Feb 9fiS!0ct 7138 Apr 14 38 Feb 70SjNov 913g,Mayl3 83 Nov 89 Aug 3,02: fd'JOi^.l'iic V Oiu. Chicago Union Traction. Do *n5 & 18 Chicago Ternri Transfer. -Ai^ Do prei 61-4 Si *92i4 931a 1583* 159 *24 25 8234 Do pref Chic. St. P. Minn. Do pref ISd 200 Highest Lowest fliahest 'J pref '.., •9214 "-2 Do Chicago lireat Western. *86 87 no 4 p. c. debenture.-; 00 60 Do 5 p. c. pref. "A".. 29 S2 30 Do 4 p. c. pref. "B".. 172 172'4 Chicago Jlilw. & St. Paul. 182 185 Do pref 19018 192 Chicago A North Wesi en 2078 60 'a Ol's 62 61 •ligia 120 IIJ'4 12u •llOia I'JO 11S)'4 119'8 2'.l 29 29 30'(. 30-38 30 14 3115 30 96i8 901* 9618 96ifc 96 14 96 S •96 la 0634 •97 100 *97 100 *97 100 •99 100 32 '4 32 3134 32 '4 32 'f 32 3218 32 '4 •125 130 125 130 •125 130 128'^ "8 184 •87 89 26 >4 73 •10 14 14 •40 50 50 •20 22 22 •74 74 76 •6258 64 631a 190 •185 190 263, 36 81 35^8 Lowest 15,650 7758May22 949 99 Jan 25 8,900 120 Jan 25 14,300 100 Si Jan ..J 600 91 Mar 9 66.915 5678May23 300 87 la Jan 4 16,700 130'<4 Jau2n 67 'g Jan 11 4,000 190 May2:-i 10,300 45 Si May 2 2,4(10 31 Mav21,300 7 7'.iMay2.-; 17ia.May22 7,45 26U 8334 I\lay2y 200 60 ,r'no 9 200 29 May 2,. 41,. 20 KiSiflMay 4 12 1821, Jan 1:^. Chicago* Alton 80 Jiange for Year 1905 Range for PrevioUi of 100-share lots Year (1904:) On basis Shares 108 4. Baltimore <fe Ohio •97 97 14 Do pref 62 Sj 63 1* Brooklyn Rapid Ti-ansit.. 89 Sj 90 Buffalo & yu.sque, pre/... / lanadian Pacific 147S! 148 •69 70 ^ anarta Southern 197 197 Central of New Jersey... 493g 49 Chesapeake & Ohio -86 94 •86 94 93 Si •92 14 9312 159 159 515838 15838 2434 2 434 •231a 25 *48 50 -48 50 814; 83 •82 83 •23 25 25 25 55 5534 5'i 56 EXCHAXGK 01 the Week- 108 •170 -180 *17 33 301a 30'-. 6 6 6 6 -30 •30 35 35 941a 94 7f, *95'a 96 1]9 12(1 '120 121 121 '26I4 26'^ 2634 2634 271. 27 57 58 57 5712 57 67^2 35 3i. 3434 3434 3434 35 It 35 181 I81 181 181 *180 18 IS, '375 3S4 375 384 375 3S4 27 14 28 •271a 281a •2714 381a 85 87 -86 87 87 87 •13 22 *16 22 VI 90 90 89^8 yoifi 90S. •1134 1234 12 •Ilia 13 12 24 2458 24*8 2+ 2419 24 ig 3939 40-3^ 40 401a 391a 40 1» 7812 7914 7834 79 14 781a 79 65 la 6634 66 Si 6._;-'4 651a 66 14 *60 •60 •60 70 70 70 *85 •85 •85 90 90 90 282 la 2821a 278 2821a 278 27934 •7II4 -10 •43 •19 18 260 ISO Sales STOCK KailrontlH. 79I4 79^8 A tch. Tooekaife Santa Fe 1021* 1021-i '»Do pref 15334 157 Atlantic Coast Line RE.. 21 112iall6 •70 77 •97 112 94% 96 'i'i^i *230 •170 •180 •17 260 175 200 6I4 •6 '31 35 •94 la 951a 35 35 31 3H4 •31 '95 100 -95 100 100 •800 330 • 300 330 300 330 •50 52 •50 60 60 52 1433914334 14334 14414 14234 14334 •163 "2 165 163 l'.i438 •1631a 165 77^2 1S\ 77 "a 7814 771a US'* 119\ 11834 120 la 118 119 20 1^ 1912 191a 20 20 20 •130 146 • 130 146 130 146 •50 •60 60 60 68 83" 94 •85 •83 92 94 II5I2 1151a 116 1154. 1151a 116 1581a 158 la 1581a 16» Hi 156 160 •25 14 26 '4 25 'a 26 14 26 26 60 14 •68 6a Hi 59 681a 581a 97 14 97 96 9638 96'-^ 96'e •142 148 142 148 143 148 *34ia 36 •34 •341a 36 *18 "18 20 20 •1734 1403^ 13934 13858 14034 139 1391a *44 44 47 46 la 451a 451a •110 120 • 110 115 110 115 *76 •75 •76 80 80 80 197 200 19834 10334 J200 200 51 5018 60 52 50 49'vi 14 14 78^8 80 ^t 7934 80 la 7314 781a •92 •92 93 Si 92 94 94 183 183 182 183 1»2 186 •84 •84 •84 87 87 88 •100 105 100 105 100 105 •85 •85 •85 95 95 95 1341*13434 13418 13434 13358 13458 •33 •33 •33 39 39 3a 2589 friday June 9 Thursday June 8 79 Is 7978 80 14 7934 80 14 79 101 84 10134 'IOII4IO2 102 102 150ial50>^ 150 151 15134 1543.1 10714 1081a 10738 108 107^8 IOSI4 •97 97% 97 1^ 971a •97 971a 62 '8 6334 62!% 6458 63 64 •87 91 -^g-a 9L •891a 91 146i8l47Hi 14638 1473e 14712 148 •69 69 70 •HO 70 70 2ul 2U2 199 14 I9914 196 198 491., 4834 49 49 481a 494 *33 35 35 35 35 36 7VI34 793^ 791a 79 "a 80 18^8 19 1858 185f, 18 la 18"8 86 87 •86 87 •86 89 621-. •61 *60ia 02 H. 63 •30 3 Ik *A0 311.J •301a 32 171 la 173 14 17158 173 1721a 17 3 't, '182 185 183 *182 185 J 183 191^8 1917^ 19275 193 192 191 *1X2 1«5 19oial97 '230 2M0 2i;o 260 170 175 175 175 '180 200 -180 200 -17 •17 18 18 3SI4 •30 83 M '30 184 i;i8 30 Wednesday June 7 Tuesday June 6 June 5 STOCKS NEW YORK 2141a Dec 2.17 Nov Nov 160 192 Dec IOI4N0V Si Nov Nov Nov 93=8 Deo 2734 1 5 48 14 Nov 2138 Nov 1 1 5 63 Deo 37 la Nov 190 Si Deo :i5!i34 Deo 3578N(JV 89 Deo 27 Dec 7934 Deo 14 79 Nov 2 3 Si Nov 41*8 Nov Deo 77 581a Deo 67 Dec 83 Nov 242 Si Deo 861a 2034 Nov Nov 94 95 Dec Deo Dee 159 33 Nov Nov Nov 31 79 Nov 5634 Nov 5934 831a 4314 Dec 105 Oct 200 Jau2o i350 Marl3 §245 Nov «300 Deo 501a May 22 65 Si Feb 3 46 Mav 62 la Nov. I56I4 Apr26 101 27,900 Feb 1,03U 161 May 1 175 Feb 9 13934 Mai 73 72i4Mai 9 91 9,100 Jan Marl7 32,000 114 Mayll 1251-4 Mari7 10434 Mar 6 Apr 1,700 18i4May22 26 Marl 3 i 135 Feb 3 U50 Feb 6 iUaSjFeb 56 Si Jan 1 6434 Apr 7 40 J'ne 86 Jan 19 91 Feb 24 80 J'ly 2,800 89iaJanll 122 Mar29 55 Jan 100 148 Jan 13 169i4Mar29 116 May 9,100 24 ]\lay22 33 14 Jan l.s 14^8 Feb 6,100 56 14 May23 69 Marl 3 32 14 J'ne 5,950 94'2May2-^ ll07eMarl3 87 Feb 137 Jan 12 158 Apr2(j 101 Si Feb 33 19 .May S 45 Jan 10 3434 Feb 18iaMay26 241a Jan lo 15 78 Feb 13634 May22 I6734 Mai 14 11279 Mar 12,300 1,200 42 Jan 20 55i4Apr 8 25 May 113 Marl 3 122 Si Jan 30 101 S, May 100 74 May 4 85 Apr 7 60 J'ne 80 a94 May22 2 10 Si Feb 4 5IS514 May 21,000 403eJau 5 64 Mar3o 1939 Mar 19,250 76 MaylO 88 la Marll 5 3 Si Mar luO 91i8Feb24 04 Si Feb 3 88 May 6,738 165 Apr24 196 Mayl5 78I4 Jan 17 98 Si Feb 7 51 Feb 100 Jan 3 108 Feb 6 95 J'ly 85 Jan 12 98 Feb 7 6II4 Jan 41,772 131SiMay22 14734 Mar 13 111 la Mar 27 Jan 25 4834 Apr 3 17 Mar 77 Jan 6 106 Feb 14 74 19 J'ne 80 Jan 11 87 Si Feb 6 368 May 1,200 ll2'^^J'ne 3 132 Apr 15 70 May23 8734 Mar 13 65 Apr 105 Feb 17 112 Maris 90 Apr 316,200 a;79 Jan 13 9934 Mar 9 3334 Mar 4,111 90 .Alay22 94 Feb 2 76 Mai 400 84 Jan 5 92 Feb 3 55i4Peb 21.420 2434 .May22 3779 Jau 18 19 ig Mai 300 71i8May22 85 Jau 4 5734 Jau 9 Mar 12 J'ue 2 1734 Jan 31 46'aMay24 5834 Jan 21 35 May 200 20 J'ue » 29i4Feb 3 16 Jau 100 73'>(.May22 81 14 Mar 6 J 61 Mar May 2 6 73 'a Mar 6 3914 Jan 95(1 61 400 175 J an 30 193 May 6 150 Jan 9 Si J'ne 300 20 May22 27 Si J an 20 1,200 55 Si May 1 6658 Apr J 8 25''8 J'ue 41,618 57'4 .Alay 4 7 2 'u Feb 2 7 41 Si Mar 330 11534 Jan 5 121'8Febl5i 113 Sep 68,150 28 MayiO 36*4 Mar 13 ISi^Fel) 97: 95 Apr2f 100 Mar22 77 Si Jan 97 Apr 18 98 'p Fob 28 90 Feb Marl3 20i8J'ue 2934 Apr 29 41 o'.'ioo 40 -4 Apr'-".' 13434 b'ey 16' 115 Mar 14834 Deo L69S2NOV 96 la Aug13039 Oct 2359 Nov. 150 Not, 6734 Jan Oct Oct 36^9 Noy! 95 150 ; 6514 Deol llliaDeo' 14759 Deo 4 519 No V( 251* Not! 145 la Deo i 47 Deoi 116 Nov 78 Deo 199 Oct 47 7, Oct. 80 Si Deo: 95 Deo 82 la Deo 101 Sep Deo Deo 321a Deo 8618 140 813«Jan; 79iaNoT 80 Deo 107 8258 92 85 De» 18 60 30 Not Not Not Deo Deo Deo 3734 Nov 8638 Not Deo Deo Deo Deo 6O34 Deo 6834 Not .191a Deo 37 S* Deo 971a Deo 98 Deo 3818 Not 7934 72 185 29 134 Si Oct BANKS AND TRUST COMPANIES— BROKERS' (QUOTATIONS UuniiH liid MKW rouK Aetna 160 America ... 620 ii Aiiier lixch.. 276 Aalor 775 Bill cry Park 160 Bowcryli .... 325 t BlIlCll'H* Century 1)1 11 Cliane Cliiilham Chi-lMi'aKxc," • Biel auil 1 Ask 165 530 280 825 170 155 165 195 210 650 (20 170 JHd ilaiiliM Chemical 330 itizeiis' Ctrl City Coal iron. Colonial I1 ... & Columbian Ask 4300 4350 .. 165 170 Fir.st 280 235 450 400 285 246 14tlistreei1|. C'rnKxcliKel 375 iJlHCoumll ... 150 Fast Itivor.. 150 Fidedllyli .... 190 Fourlli Uallaliu Garileld 340 755 300 200 410 500 Gorman Ami 155 Coainierce... t20234 CoiiHolidated 1 1 50 Fifth Bid iianks Fifth (jermaii 385 160 100 (jcrmaiiiali Green wicli ilamiltoiijl Hanover A veil.. 3500 3750 askiMl pncort; no siilos were iiimU) on mis ilale at Slock Excliango or ai auction tins weoK. l';xl I inp (liiV. jr iSc ^ Xru.st; .. "|| .. Wi) 450 240 Ask Ask 165 Irving 245 235 180 515 1500 Manli.'Utanll. 325 Marki't&B'ul 265 Mechanics' 285 Mech * Trail 150 Mercantile .. 278 Jellersonli... 215 420 165 Liberty Lincoln . 260 Merch Ex oh. 190 4110 Bid Bankn Interboroll.. 155 510 Trad. 5ilO Le.s.s Hi.iii i 00 sii.iro.s. Co. corUliCiiatcs. h 285 175 185 17(» Merchants'.. 178 Melroiiolisll. 1700 335 275 295 400 JiankM Bid Ask Melropoli'nIJ 1371a Mt Morrisli.. 210 226 300 Mulualli 190 Nassauli Now Anister 475 198 510 New York Co N Y Nat Ex. New York... 3 1 19th Wardll- 350 North Aiuer. 239 135 Northern 245 Orientalll Pacilicll 250 ilauks Park People'sll Plieui..c 1:100 200 Plazall Prod Kxchll liiversielell 210 325 255 265 Second iii.^ ',1 Leth. Stateli 34th Street.. 12th Wardll. 23d Wardll.. a I'lx dividoiiil aud rights. nurius. .St.lto Dailies, Asseaumeut paid. n Sold at private sale at tUia price. t .. Seaboarel Shoo* 242 I) 1 9612 Sep. New stock. H June . Stock Record 10. 19<>5,| 8TOC£S—IUeMEST AND LOWJiHT SJLLK Saturday June 3 Monday •33 38 *32i2 343, 34 38 5612 »111 38 112 *32i4 3734 38'4 56^2 66^4 112 57 111 67 112 *96 98^4 41"^ 4134 811^1 82 80^4 8O34 I8I2 I8I4 •38 *15 '37 *21 2234 *46 4II2 4II2 8I34 81^4 •'StJlQ 82 *18l4 18i<. 98I4 81 8II2 82 18 14 37 12 16 36 12 223. *21S8 4812 •45 211a 4513 40 '37 23 42 18 14 371a •151a 361a 22^8 39 1534 163< 40 2234 48 S 4134 »243 *243 251 '243 251 M334 15 H: 14 1419 141*, 52 12 52'., 521a Si's 511s SI", 83 843^ 78 811a 24 * ij, ' 33% *97'e sola *93 •225 *6l8 333. 99 1^ 311-j 4034 *6 40^8 51* •3934 44 4bia 47 14 »111 Ills, 53, *21 22 *97i2 98 14 10938 110«6 118 *163 *103 •12 1181-2 180 *137 •96 3234 •100 140 96 3234 102 10238 10612 •183 192 141a 14 12 •5734 60 41I4 41 * 100 *ia *185 laii 188 •IOI4 1012 4914 49 14 *41ia 4234 * 80 110 94 174 * •91 •172 19 p's 19 14 79^8 60 75 •27 31 "75 „„ 80 ?5978 597g 5118181184 •25 *90 534 *7 33 984 99 61? 4034 *5 38 1< 101 *18ia 19 14 •76 37 14 901a »231 •31 •97 71^ 34 103 •70 >100 *34 . 761a 76 37 14 91 235 33 98I4 71 34 103 71 125 1 75I2 •40 14 4034 •9'8 10 «72ia 73 2 2913 29 14 434 51. •36 93 166 40 250 ;50 93 166 37^1 16 *36ia 39 23 22 2178 •15 16 38 38 •22 23 •2119 2212 48" •46 250 I412 53 33 98 •3914 30^8 93 •225 33 14 98 240 *225 5I4 •434 35 39 47 110 111 111 6 Ola 51a 534 •22 «21 22 23 111 11214 534 534 *21 23 981* 98 11018 11138 118^8 118" 163 103 180 50 118 164 103 140 15 60 4434 '4 180 11 46 1331a 13334 139 9634 32 140 9676 39'8 4134 40 4138 100 100 40 7g 100 & Amer A^rictilt Chemical. Do pref Do & Car '4 93 172 42 14 80 110 93 174 19 19 *78ia 7912 *60 75 *27 •75 60 110 31 80 60^8 1181-. 9814 37 101 •l?^} 7534 9812 37 101 19 *31 •97 17 72 14 34 100 -34 235 33 98ie I718 73 18 -2 130 1 76 7612 40 13 403, 9 934 {72 731* 2912 9II4 29I4 •90I4 110 90 94 •89 1731217312 '172 1334 79 50 27 75 «61 79 94 31 80 25 •90 44 45 112 18 78 1834 62 II8I2 25 93 479 64 514 pret 781a 85 27 *75 61 114 24 90 43% 36 •240 36 250 92^8 93 •165 168 110 94 174 187g 7912 85 31 80 150 98 98 *36ia 38 41 .4.merican Malting Do pref 75 751a 7512 413* 89 •171 414 4034 Fuel & CJColorado Do pref Col. & Hock. Coal 4034 95 230 9818 97 9818 I634 31 •»4 24 150 1 8'% 72 28=8 858 72 29 91 125 61 118 24 a;23 93 »8 4 44 14 434 105 *104 150 *145 98 9734 •36 37 233e Nat Enameling&Stamp'g Do pret 444 National Lead 105 Do pref 39 1634 714 33«» 100 •9514 99 1634 Tl^s 3334 16-'"'8 New York Air Brake North American Co., new Facilic Mail 100 •34 102 704 108 75 434 434 9 334 69 13 70 29 14 •28'^ •90 91 125 •122 100 I-Vdo pref 1634 Republic Iron 74 108 & Steel Sloss-Shelfleld St. Do pref <fc ... Iron Standard Rope <fe Twine.. 75I4 Tenn. Coal, Iron & RR... 75 434 434 Texas Paciflc Land Trust 9 9 Union Bag <& Paper 70 70 Do pref 2838 28 7g 0. S. Cast 1. Pipe & Foun. 1 ''J4 1 7534 97 *714 73 Do pref ?33 4 334 Rubber Goods Mfg 100 101 Do pref •704 74 41 1178 I214 109i4l09i>4 9734 757b 834 70 29 91 125 9078 U7a I214 10941094 Do 907;, 1224125 pref United States Express... s United States Leather... 12 12 1091410914 Do pref 9L U S Realty & Improve'nt •26 4 31 •264 31 U S Reduction & Refin'g •261a 31 •60 60 4 62 6212 •604 62 Do pret 37 39 •37 39 37 United States Rubber 37 Do pref 104 105 *104 105 4 104 104 4 26 'a 264 United States Steel 2638 2634 2534 2634 93 «8 92^8 9336 93 Do pref 921a 93<>6 33 14 3314 334 Virginia-Carolina Chem.. 33 4 33 33 107 107 •10714108 107 108 Do pref 37 43 Virginia Iron Coal & C. 37 •364 43 43 86 90 •86 90 86 250 240 250 240 240 36 36 250 240 93 164 93 166 93 160 93 14 166 9314 162 934 166 Wells, Fargo & Co 250 §9339 162 93% est'n 164 6 Mar 2138 Nov 394M.ar 71 Nov 434 Feb 8234 Deo 13 Mar 24'''8 Dec Deo 7234 Jan 87 3973 Apr 14 29 4 Apr 1' §92 Feb 16 43=s Av)rl4 1434 J'ly 354Deo J'ne 8 J'ue t 98ii?J'ne _ Feb Jan Jan 21 110 Jan 4May2G 85 Jan 1838 Mar20 34J'ue 1237gAprl3 Apr 127 183 105 .Mar 1 834 J'ne 8 46 3334 6 26 122 14 Mar24 Mar24 4 Jan 30 214 Mar 79 Nov 15i4Dec 57i4Deo Mar 153 Nov Jan 141 Nov 121 Feb 149 4 Nov 8538 Nov 96 Deo 10 Jan 25 Nov Jan 9434 Deo Feb 120 '8 Nov Mar 2294 Oct 12=8 Deo 5 J'lj 4779 Feb 6234 Dec 61 185 25 4 Mar 5339 Nov 63 Apr 95 Dec 8 J'ne 194 Deo Feb 220 Oct 3 185 105 18 2234 99=8 123 60 4 Jan IS 59 J'ly 32 4 Dec 115 Oct 170 Nov Feb 7 Jan 10 474 Apr 6 894Feb27 May Max 194J'ne 82 Nov 43 4 Nov 71 Nov 934 65 26I4N0V 8214N0V 404 Deo 8338 Nov 123 Apr 7 68 Deo 90 Nov 107 4 Apr 192 Marl 6 clol J'ne 1944No'r 25 4 Mar 11 10>4May 25=8 Deo 82i4Apr 6 644 Feb 7979 Deo. 100 Feb 23 26 Mar 724 Deo: 4078 Feb 27 23 Sep 4138 Nov 88=8 Apr 14 71 "a Feb 87 Nov 6638 Apr 3 36 Jan 59 4 Not 12034 Maris 100i4Jan 117 Not 3 14 Apr 5 14 Sep 23 4 Nov 94 Apr 19 75 J'ly §37 Deo 5 1 34 Apr 7 14 4 Feb 26i4 0ct 1,876 544 Jan 25 28 1153gjanlO 1,600 I8I4 Jan'-O 89 4 Fefc 16 4,300 24 14 Jan 24 120 97=8 Jan 7 llli4Feb20 80 4 Jan 9314 Deo 140 May22 16 138 Apr 15 120 Feb 164 Not 1,670 97 4May22 107 Apr 17 80 Mai 107 Nov 32(] 33 May22 49i4Jan 4 24 Feb 55 Nov 800 97i4Mayl5 115 4 Apr 3 9234 Mar 1124 Dec 1,100 17 May 2 4 21 May 15 1,500 734iMayU SO I4 May 15 500 33 4 Jan 3 24i4May 44 14 Oct 4634 Apr 14 800 8734 Mar 6 99 4 Apr 14 67 May 92 Deo 5 230 May31 254 209 Feb2S Mar 244 Nov 100 30 May22 4038 Apr 17 16 May 35 Not 200 93 Jan 25 10334 Apr 15 7134 Mar 94 Deo 2,516 15 Jau 23 2476 Apr 3 6 May I8I4N0T 900 67 Jan 10 87 4 Feb 23 37 May 73 4 Nov 2,850 24 Marl4 33 Mayl5 1434 Apr 2979 Deo 710 94 Jan 25 109i8.\pr 1 7434 Jan 98 Deo 100 60 Jan 25 1134 Feb 24 314 Jan 6538 Not 100 Jan 13 130 Feb23 77 Jan 105 Deo 34 Jan 28 3 Jan 3 34 Mar 5 Nov 3,400 68 Jau 25 106 4 Apr 4 31=8 May 774N0V 1,000 37 4 Jan 31 464Mar28 25 May 39 4 Not 3,109 8'8J'ue 6 15 4 Apr 3 3 78 Aug 1314N0V 997 68 Ian 10 82 Apr 4 45 Feb 75 14 Not 1,500 19 78 Jau 3 35 78 Apr 14 64 May 204 Deo 200 79i4Jau 3 9734 Apr 17 40 Mai 8138 Deo 120 Jan 9 134 Feb 8 100 Feb 1128 Not 6'200 .10 '8 May23 14=8 Jan 16 64 May 2034 Deo 10078 2,760 Jan 10 110 Apr 7 75=8 Jan 1064 Deo 77 Jan 4 984 Mario 43 J'ly 84 4 Nov 300 13 Feb28 40i4Aprl8 100 35 Jan 13 704 Apr lb 364 Nov 4014 Deo 200 3334 Jan 3 45 4 Apr 7 10 4 Feb 34 4 Deo 700 9838 Jan 6 118 4 Apr 7 41 Jan 100 Deo 116.200 2478May2^J 38i4Apr 7 339 May 33 4 Deo 146,800 9034May22 10478 Apr 18 51i4May 95=8 Deo 900 31'i8May2^.; 39 Jan 3 2234 J'ne 44 4 Deo 410 103 -"e May 1 .10 Feb 20 97=8 Apr 116 Not 200 36 J'ne 5 524 Feb 24 18 4 Sep 44 Nov 235 Jan 3 :60 Feb 21 §200 J'ne 250 Aug 1,077 92 Jan 17 95i4Jan 4 85 May 94 4 Deo 600 .52 MayiO .84 Apr 6 153 May 185 Deo 190 Feb 23 197 April 180 Aug 1984 Nov 89 4 150 5 Jan 9 Jan 13 May31 Jan 7 43 J'ne 3 550 13479 Jan 25 76 May23 60 Jan 11 200 75 Jan 6 500 169 May2o 1,000 1334 J'ne 6 250 76 4 Feb 6 400 60 J'ne 3 29 May20 100 784May2^J Do pref International Power Internat'l Steam Pump.. Do pref National Biscuit Do pref 784 58 38 85 3,26« 3,456 61 7434 8 "a Iron. (N. Y.). (ilectrio Storage Battery. Federal Mining & Smelt'g Do pret Q eneral Electric International Paper 94 30 J'ne May22 Feb 10 400 1134 May24 1,300 1844Mayl5 <fe Oct §220 Feb 250 Febl Feb 17 19 68 67 4 Apr May22 1493, jiar MaylO 140 Mar 7 1367gMay24 148 4 Jau 9178 Jan 25 99^8 Feb „ 2068 Jan '26 404Aprl8 93 Jan 6 108 4 Mar 15 1004May22 130 Apr 13 184 4May22 a;215 Feb 14' 1078 Jan 13 16^4 Apr 18 8,400 Iron... 1134 §118 41 69 29 *90 *122 "500 . *96'8 1 44 19 •78 4 79 31 500 1,900 10041004 10041004 eop. Gas-L.<fe C. (Chic.) 1734 1734 174 1734 Pittsburgh Coal Co 75 14 7514 75 75 Do pref •36 37 Pressed Steel Car 374 36 •904 *904 914 914 Do pref *231 236 §2304230 Pullman Company 3II4 31 14 •31 314 I) ail way Steel Spring. 7314 741a 75 *40 89 61 434 30 110 94 1734 17341734 80 -90 1614 17 17 70 73 3334 3334 34 101 14 JlOOJalOOi^ *70ia 74 70>a 76 100 108 100 108 *72 34 101 * •75 6OI4 3,750 2,000 4234 Distillers Securit's Corj). * 70 4414 236 32 97 80 110 93 •50 93 76 H234 4134 184 50 27 784 27 1,05 . *784 116 91 14 9114 700 tiS 47,200 7934 1,000 111 I4 163 40 99 6,530 84 27,600 394 1,725 130 133 I4OI4 19 79 1334 1181a 25 36I4 38 37 14 37 14 91 91 230 235 •31 32 1,700 '. 109 95 6138 10034 10034 1734 18 18 515 90u iiref •1404141 Amer. Telepli. & Teleg. 9714 9739 974 Amer.Tobac. (new) ,pf ctfs 324 33 32 4 324 American Woolen IO214IO2I4 102 1024 Do pref 1034107 *102 107 Anaconda Copper 183 192 183 200 Brooklyn Union Gas. 14 4 1434 *i4i4 154 Drunsw. unsw. DockifeC.Imp'i Doc 5734 63 •5734 63 Butterick Co 140 97 104 145 9818 98 93 37'a 3812 *37 145 8,700 American Locom.otiTe.. 54 214 20 98 23 98 100 250 300 American Linseed Do 4 1044.\pr 67 Jau 9434 Deo 24 14 J'ne 37 79 Dec 38 Apr 97 Feb 16 3334 J'ne 97 Nov 246 Feb 180 J'ne 219 Nov 534 J'ne 14 Jan . 5 Aug 14 Dec 6 J'ne 238 Jan lli4Dec 114 Jan 14 3934 j'ue 55i8Marl7 11 4 Jan 4334 Deo 4 78 Apr 29 7i4Feb . 934 Nov 6 Dec 34 May2" 4134 Apr 10 2414 Mar 42 Oct 1514 Jan 1 2234 Apr 17 7 J'ne 20^8 Nov 36 Jan 1 48 4 Apr 17 224J'ne 42 4 Nov 33 Jan 2 61 14 Apr 13 164 Jan 3638 Nov 10334 Jan 1223^Aprl5 754 Jan 105 Nov 5i4-'Vpr2 834 Jan 14 2 4 J'ne 9 Csfl 20 J'ne 28 4 Mar 16 J'ne 29 Deo 7,115 pret American Ice Do pref Do May Feb 3 31 May22 ^9114 Jan 26 3014 May2o 93 Mar3o §209 4 Jan 4 1,901) De 54 374 374 *35 194 18 414 40 "506 98 Amer Smelters Sec pref B 4 1113, Amer. Smelt'g & Rellu'g 11734 118 1174 117 4 Do pref 167 180 American Snuff '167 180 '103 .... 103 Do pref 8 4 1078 94 10 4 American Steel Foundr's. 4OI4 454 394 40 Do pre! 13358 133=8 133 133 4 American Sugar Reliniii.!: Do pref 104»s 104'^ 10378 1051a 145 1734 7534 34 j;101 101 72^1 72 7712 • 58U 300 100 American Cotton Oil... Do prst 240 American Exi.ress §54 534 American Grass Twine 64 64 Amer Hide & Leather IO94IIOI4 4II4 4234 80 42 10034 10034 *36ia 3712 91 91 230 42 3,30C Foundry pref 3i3s, 40 13 46 4 May 4 70 Jan 25 20 Jan 24 891* 95 3934 *47q 4334 §236 .Tan 9 §250 Feb pref AmalgamatedCopper 98 k 174J'ne 27 4 Oct Apr 6 21 4 May 38 Nov 65 Apr 12 32 Feb 5714N0T 123 4 Apr 4 87 4 Feb xUfJH Oct §15334 May 17 158 Mario 158 Aug §166 Nov 113 Jan 6 13779 Feb 25 71 Mar 1 17 Nov 96 Miiyll 101 =8 Feb 21 z864F6b 93 Dec 214 Jan 4 50 Mar30 9 Feb 25 Deo 6418 Jan 16 89 MarSl 42 4 Apr 69 Dec 80i4J'ne 8 8134J'ue 1 l74May2il 23=8 Feb 3 15 May 25 Nov 37 May23 48 Feb 23 3234 Feb 4818 Nov 15 May 1 1934Marl3 144J'Iy 223b Not 36 May 4 43 Feb 1 37 J'ly 5234 Jan 20 May 4 284Marl3 21 4 J'ne 32 Nov 20 Apr 29 25I4 FeblC 16 J'ne 25 Nov 45 Jan 13 54i4Febl7 37 J'ne 49% Nov 400 200 389,190 llis-Clialmers 337t ii.merican Highest Lowest 37 14 Apr 12 i^liscell I214 ni=8 i2»8 U's 11^8 •ll's 12»8 I2I4 12-6 •12 185 187 185 187 Consolidated Gas 185 187 »187 188 186 187 83, 379 94 noig loij 10 14 10 14 9 Corn Products 91a 97fc 43 44 43 43 4 45 46 4912 49 12 Do pref 481a 49 14 42 200 200 300 dams Express Do 18 40 44 4634 471* 4634 47 110 112 111 111 54 98 117 * 154 /x 95 *225 63. 47a Industrial 250 3UI4 3038 5I4 20(1 Erie... Do Istpref Do 2d pref 39 23 96 99 6I4 *36 •17 16 334 3334 434 •21 98 32 12 101-*4 10134 102 102 10234 107 105 105 183 192 183 192 1434 1534 •USa 15 12 5734 60 5734 60 192 144 *117 164 103 III2 11 118 180 139 la 139 Uj 96 14 9634 32 Si 32 'e 9618 Hoh 33 33-^ 101ial01i2 1051310714 •5734 4034 98 37-2 1634 10334 10978 11 43 4934 132 14 13234 I2I4 52 *183 4734 «97ia 9818 lOS^a IIOI2 I33I2 I3312 U3S «1634 3978 4634 "2 Do pref Wheeling* Lake 38 57 7878 80 •22 25 98 240 200 310 400 Wabash 1S3, 224 224 Wisconsin Cent. v. tr. cfs. 48=1 Do pref. vot. tr. ctfs. 404 41 514 44 48 371.. "a 3038 •93 *5 534 6 6 3934 40 7 4II4 19 44 334 60(1 3,712 *243 *14 *51 53 342 80 14 8034 Do pref •30 4 81 United Rys of St Lou. prei 46 79% 80 95 '3934 4634 46 111 14 30I2 *35 ^•3934 250 271,150 pref UnitRysInv'tof SanFran •15 •37 •22 48»( 14 •51 Do Highest Lowest 22i4Janl3 34i8May25 1,1(10 5134 Jan 25 2,050 105 Jan 6 500 900 Union Pacific 42 18 37 ]8ia 3312 243 98 37 =t 2312 17 "a 38 24 9134 9134 •90 •122 -ail26 *122 125 •122 Ill,i 11 12 1134 11^8 1134 12»8 1071aa 107 la 10818 IO834 10834 109 14 •86 *86 •86 90 91 91 •2719 28I2 *28 2834 27 28 *60 62 •60 62 6212 62 •3734 38I5 •37ii 39 38 38 •105 105 05 12 105 105 12 1047„1047e 2618 27 251a 2612 2508 26^8 9138 9238 9218 93^8 921a 94 •3214 33 12 33 34 '321a 34 107 107 J107i8l07't. 107 107 •240 18 *17 2612 25 27 94 90 93 441a 4538 45 45 12 •104 10512 '10378 105 12 •145 150 145 150 98 40 ?18'a 18 ~, 3712 3734 7713 79I2 5 634 80 14 80 12 80 14 80 14 *51 100 240 (!5 41 14 Ig 98 38 101 93 '225 56I4 1213g 12218 97 97 I412 3308 3012 31Si 71. 1134 5II4 52 14 13212 13234 3378 & & 37 1104 110 Si Twin City Rapid Transit. Do pref 79 14 80 "80 'a 81 Week 3434 Toledo Rail-ways Light Tol. St. L. W. V. tr. ctfs Do pref. vot. tr. ctfs. 37 56I4 5612 Range jor Tear 1905 Range for Previo'u$ On basis o/100-share lots Year (1904) Shares 12134 122=8 97 97 39 4134 24 99 98 240 h. 2334 534 3012 '225 6\ 714 37 wj '92 98 240 714 *36 *17 33 99 3479 34^2 37 14 37 14 •2383 the EXCHANGE llQiallOia 217a 45 817, 33 2 1 2 Sales o.t STOCK 12034 122"* 29634 9334 411a 4II2 •243 251 14 53 JiYiday 37 5612 STOCKS NEW YORK June 9 3434 15 22^8 22W. 4812 FHlCJiii Thursday June 8 14 —Concluded— Page 5612 IIOI4 nio •8034 *38 2 2 34 3434 38 57 112 *i'0 39 Hi 16 •3314 37I4 561a 12078 123 122^8 123 S 12138 123'^ Wednesday June 7 Tuesday June 6 June 5 . Union Tele'gpli We.st'gh'seEl <feai f g assen Do Istpret BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS Banks Bid Jnion ExchT 220 tJnited 85 PVa8li.H'hts1 210 WestSide^l.. 575 X^ork-vUleli .. 400 BROOKLYN Boroughli.... 120 Broadwayll.. 315 Srooklynll .. 130 !on'yI&BB1 145 rirst. 330 Ask. 230 90 220 Bid Banks Ask Trust Cos. Ask Bid BHOOKLTN MechanicsU Trust Co's Ave Tr Guaranty Tr GuariUau Tr Fif til . 350 Merchants'.. 170 390 Nassau 290 Nat City North SideH. 300 290 People'sli Prospect Pkl, 130 Kldgewoodl]. 140 '140" 17th Wardli. 156 180 Uuionll 390'" Wallaboutlj 160 300 135 . 150 N. T. CITY Bankers' Tr. 475 Bowl'gGreeii 208 212 BroadwayTr. 165 175 Central Tr'st t2215 Colonial 3s5 Commonw'th 100 Empire 240 245 Equitable Tr 610 620 FarmLo&Tr 1470 1480 Bid Ask 650 210 665 220 Knlck'rb'k'r 1050 Law T I cfcTr 1320 i325 Lincoln Tr. .. 660 Manhattan .. 490 Mercantile ;. 975 Metropolitan 620 MortouTrust 900 Mut. Alliance 210 505 1000 630 925 225 ilanufactrs'. 365 * Bid and asked prices; no sales on this day. § Less 1 Sale at Stock Exchange or at auction this week. than 100 share.s. t Ex stock dividend, Ex s rights. Trust Co. Ex dividend and certlticates. Bid Ask Trust Co's 1050 1090 NewYorkTr 730 BROOKLYN Real Est Tr't 325 StandardTr't 390 410 Brooklyn Tr TitleUucfeTr t665 Flatbush Tr Co of Am. 770 730 Franklin Union Trust 1450 1500 Hamilton USMtg&Tr 530 Home Unit States 1470 1500 Kings Co Van N'denTi- 275 290 LIsl L&Tr. Washington. 440 460 Nassau •225 Windsor 235 People's WUliamsb'g. Ti'iist Co's Bid Ask N Y Lif e&Tr 575 ^| 410 210 330 340 160 450 300 260 331 230 430 345" iss' 325 270 240 rights. Banks marked with a paragraph (^) are Stato banks N New York 7 Exchange—Bond Stock Record, Friday OCCUHYINU FOLK . STOCK EXCHANGE ^4 Week Ent>inq June 9 Y. .trice Week't lYidav June 9 Range or JCange Since Last Sale January Ask Low UtU V. S. Government S 2a cousolregi8tereil.rfl930 Q-J U dl93U US2scousol coupon fcl9ls U S 3s rejnstereu /C1918 S coupon U 3s U S 38 re^' small bou<ls../cl918 y-J <4-v y-F y-F U S 38 cou small bouds../cl91h y-F /il907 Q-J U S 4s registered /tl907 y-J V S 48 couiHJU 1925 y-F U S4s registered 1925 y-F U S 48 coupon Philippine islands 48.1914-34 y-F Liovemnient Japanese Govt 68 sterl'g. 1911 2d series 68 ctfs full paid Foreiffii AC £ loan 4hjs ells full pd. 1925 K-A Be pub of Cuba 5s exten debt. .\1-S U ss or iMexicos f gSsor lH9ii Gold 4s of 1904 1954 J-D t I 104 1041-2 104 >2 105 103^4 10414 104 104^4 Class Class class B5s A 103 104 105 132 190'.; C 48 lOOU Currency funding 4s Dist of Columbia 3't)5s 104's 105'-. 1321a 132 132 108 100^4 Sale 9S''4 Sale 901.2 Sale 106 Sale 100^4 9334 Sale hese are pr 6s deferred 103 . 1271a. J-J J.J J-J J-J Brown Bros ctfs. 96^4 97 97I4 97'a •••••a Maj'Oo 95iaDec'o4 96 9738 Ilia 97 10 97 XlJ 9738 11 ii 97 9739 IS'e Rniirond Alabama Cent laba Midi Hee Hee So Ry At Coast Line Albany & Susq tiee Del & Hud Allegheuy Valley Hee Penu KB Alleg & West aee Bull It cfc 1 /tl995 Ann Arbor 1st g 4s AtcliTdc SFegeug43...1995 A-O 100 1001.2 lOOb 103 4 Sale 108 lOOV 5 961-2 100 la 1031a 113 10134 105 102^4 May'05 1001310234 Registered 1995 AG Conv g 48 (subscrips)..1955 J-D loo I2 Sale IOOI4 100^4 "•lii 100 103 la 96 97 Adjustment g 48 /il995 Xov 96=h 20 94S8 9734 Registered /i.iy95 Nov 973s Feb '05 "38 9313 9738 9434 94 Stamped /tl995 .U-K 95 94 98 9958Ma)'06 9958 99«8 Debentures 4s Series E. 1907 F-A 99iaNov'04 FA Series F 1908 99 '4 Dec '04 1901' F-A Series G 99 la J an '05 99i5i 991a Series H 1910 F-A 98 la Nov '04 Series 1 1911 FA — Series K 1913 FA East Okla Div Ist g 48.. 1928 M S AtiKnox& Norl8tg58..1940 J-D Atlantic Coast Ist g43./iiy52 M-S Charles & Sav Ist g 78. .1930 J-J Sav F& W Ist gold 6s. .1934 A-0 iBtgold 58 1934 A-O Ala Mid 1st gu gold 5s 1928 .M-N Bruns & W Ist gu g 4s 1938 J-J SU Sp Oca & G gu g 48 1918 J.J Atlantic <& Uauv Hee South liy Aostin & H "W &ee Sou Pacific Bait & Ohio prior Ig 3^28.1925 J.J Registered A1925 y-J ftl948 A-O Gold 4s 113 102 4s PJun & M DiT Ist g 3 1381925 P L E & W Va Sys ref 481941 125'8Nov'03 11208 Jan '04 114i4 0ct '04 93 J'ly'04 9734 Oct '04 113^4 99 98S8 96^8 Sale 104 la Sale 110 92 .\I-N 9208 9lia 93>a 9813 101 & 93 13 92 105i2Mar'o4 Apr '05 109 1191a Mar'04 9734 MBy'05 99 M.ay'05 99 9678 IO238I0513 103 1041s 105 llOH, 104'.., 109 121 M& 9413 9238 9234 9014 J'ly'02 921* 107 Hi.... 9678 May'06 Maj'Oo 9134 May'05 98 la 99 Salt- 98^ 991, Nov'04 96 104 103 105 91 98 la Sale Registered & 961a 1 102*4 163 '10634 ios'i^ 129 Southw Dlv & 97 Oct '04 98 14 98 14 112'aNov'04 114 .VI- Ist g 3 'tis.. .1925 J-J /tl925 Monou Rlv l8t gu g 5s. .1919 ^:i Cen Ohio R Ist cg4i3S..1930 .VI -s Pitts Clev Tol Ist g 68 1922 A-O Pitts West 1st g 4s. ..1917 J-J Co certls J P Bat Creek s Hee Mich Cent 99 118 Sale lOl^s 143'4 ISO's /tl948 u-J 1911 M-S Registered Conv deb 9719 109 9734 9814 99 99 Beech Creek Hee N Y C & H Bellev & Car Hee Illinois Cent Bklyn & Moutauk Hee Long 1 Bruns & West tiee Atl Coast L Buflalo N Y «fc Erie Hee Erie Bullalo R P gen g 58... 1937 All & West l8t g 48 gu..l99b CI & Mah Ist gu g 58.. ..1943 Boch<fe Pitts Isl g 68.. .1921 Consol let g 68 1922 Bafialo & Southwest iiee Erie Bull & Susq 1st ref g 4s.(«1951 Bur Cedar R <fc No Ist 68.1906 Con let <& col trustg6s.. 1934 & M J-J F & N VV Ist gu 58.1921 A-O & St L Ist gu g 78....1927 J-D I C^anada South 1st 6s 1908 J-J '2d 68 1913 Wl-S Registered 1913 Carb & Shawn Hee 111 Cent Carolina Cent Hee Scab Air L Carthage & Ad Hee N Y C & H CedRral"<fc-N ^eeUCR&K Cen Branch U Plstg48...1948 J-D Cen Urauch liy Aee Mo Pac CenRRA BolGacolg58l937 Cent of Ga RH ist g 58..jjl945 M-N F-A 1945 1945 iVI-N .VI-N Consol gold 58 Registered let prel income g 58 2d prel income g 58 3d prel income n [>» . . J-J J-D A-O 12084 May'05 1191a 1211a 991a. 116 F-A 124»4 J-D 123 "a. 1934 A-0 Registered CB 122 .VI-S A-O 103 Apr'97 124iaApr'05 126 Mar'Oo 124^1 12613 12434 126 100 la 100 la May'05 1 00^4 Sale 119 118 123 119 lllia 1041a Salt 106^4 Sale 0034 1 no's 10413 10634 96 Hi Sale 81 la salt ;j1945 Oct 7214 Salt Il»l8l21l3 10213104=8 10513109 10534 106 104«8 107 Apr'05 Jan '05 94 112 jjl945 Oct 1191a 1131a 107 94 81 6J34 BkQCocfc Scongug 58.1941 M-N Bklyn Vu El Istg 4-6s.l950 F-A Kings Co El l8tg48....1949 1<'A Sliiiiiiied i-'iiar 4s 104',; Nassau Elec gu g 4s 1951 Conn Ry cfc 1, Islcfc rcrg4'-2S'51 Den Cou Tr Co 1st g 58.. .1933 Den'lYamCo con g 68.. 1910 Met l;y Co 1st gu g 68.. 1911 Det United FA J-J J-J A-O J-J J-J 1st cou g 4'.2S.llt3J J-J Haviiuu Klec consol g 58.1952 F-A LouiH Uy uo Isl con g 58. .1930 JJ Mel .St Ry ^,:u col tr g 58.1997 1<-A Bway,fc7lliAvlslcg5Hl94;i J-D ColcfeOlhAv IslKu ON.IU'J M-S fr, "No price Friday; latest price this 94 94 Apr '06 110 112 no's 119 113 121 II6I4 11378 J'ne'04 97 85 73 84 141 225 ".J 90 97 07 85 52 13 73 iVii?>t)ELLAiNEOL."?« Silrecl Kailwny Brooklyn £tap Tr g 58 1945 A-O l8t refund conv g 48 2002 J-J BkCily 1st con 5s. 1916, 1941 J-J 1.2 120'aMar'0o la Sep "04 91 pl945 Oct 100 10034 10213 112 106 119 1131a Salt 98 10034 11918 IttliNU."^ —Conlinued on 96 107'4 Aug'04 104 136 14 134 13634 133141351a il4'.2Mayo6 11234 115 10413 Mar'o5 10134 10134 10134 10278 106 May'O.^ ir)6 108-'4 May'05 10H34 111 7 '4 1-22 103 '4 104 >a 106 10638 109 117'8 116 107i3Salf 117=8 1173, II6I4 May'05 10713 10/34 IO634 103 Apr'Ol II314 113 103 10334 May'05 I !>8 II314 llOi.^ 9718 95 85 85 "o 80 14 Sale '- lb 10434 102 97 981a 113>4ll3'4 .Sep '04 b5 t4i4 8OI4 lb 10534 Aug'04 1IOI4 Jan '05 103 103 100 Api'05 10534 .... I121.2II313 1041a.... 137=8.... 1183. .... 108 Apr'O.') 11234 J'ue'Oi) 10734 May'05 137 '.J 137 13 120»3l22 12114 Apr'05 lloi-.4Apr'0;'i IIOI3 II212 1S7 iMai'05 111^, 11213 112'.. 109'..J'ue'04 11134 98i2l00'a 107 108 13 11134 lUig 10734 l.)5 133H. 138 US 122 1191311913 , , 114 116 12716 130 , 11379 98 '8 Apr'05 98 1« II634 11634 U9'3l20 110 12 111=8 11713 11238 16 112 11434 ii?'' 183=8 i86"* ll5 11538 106=8 106=8 Apr '05 111 I 110 Muy'05 II6I3 llOia 11613 Sale 109 la 10513 HI 14 1 10934 11134 Aug'04 Api '05 11638 May'oS 106=8 logo's 121 137 10 112 106 185 11434 lOO'a Ill 120 134 114 11513 1091311013 178 187 no's 106 9618 100 lOO 98 la Jan '05 11 634 119=8 May u5 Illi4lll'a 111=8 Mar'05 117 Sale 117 117 11236 112 Mar'Oo 137i3J'ly'99 1321a 11538 H5 38May'05 103 98 103=8 103 IO6I4 108 14 lOO'a 1061a Apr'05 May'05 11034 II6I4 9618 119 119 ll'Ji3Mar'o5 135 I37I4 135 114 1141a 951.J IIOI4 110'4 IO6I4 Feb 05 100 HI 5 101 4'J 103 10634 1IJ6'4 lOO'a 8634 83 80 14 80 "4 Apr '00 10734 10»34. . 113 l.pl=8l0334 Apr'05 Feb '06 103 103 9778 97 't, 96 '8 Feb '05 .... 9733 97 1 113 80 14 8034 hO '4 May'05 80I4 lOgie 1101411614 10534 110 Mans 98I3 10'4 HI 109 "4110 II513 11634 Il'zl8ll2l8 112 'a Apr '05 116if Jan'Oo 127 14 May'06 104 "a Dec '04 116iall6ia 12614 1291a 102=9 .May'04 99 14 99 '4 117 117 lll'l IIOI3 10534 Sale lOlia 112 Sale no's 117 117«8 116 I0314 101 105 13 10413106 lOO's 12778 130 I2014 131 I32I4 101 103 123 99 13 May'05 103 Aov'98 117 la May'05 117 Feb '05 110 "a Apr '0.1 107 Mar'04 10534 95'« 9234 9234 9214 92'4 104 13 Nov'04 105 "a May '04 105 May'06 104 la 107 110i4Mar'u5 130 Mar'o6 I19I4 Nov'04 142'3Feb'02 11014 V10"4 129 14 130 131'al31»a 1 May'05 123 10634 'a 126 123 3 IO4I4IO7 Jan '03 96 991s 79 85 May'04 May'Ol Dec '1 14 May'04 7934 76 22 123 9JI3 96 "> 321 101 14 Sop '04 97 J'ly'04 Sale 1.2 801.2 i80 Sep '04 llO'bApr'05 110 9738 11534 115 Apr '05 95 Sep 'o4 1 09 14 Muy'05 >15 115 93 13 Sale io9"iio' lOO'a 117 11^1=8 1151311513 llSisApr'Oo 96 93 94 90 ioii'iil!;!! "a i'uiiiisii Ma) '06 117 107 "-^ 104 10534 Mar'04 112 10334 Jan '04 12378 .\pr'05 .... 9534 y'iuV 80 117 117 llliall3 104 112 10034 1071.2 10634 " 9912IOI i'lfiaii's' 131 la Jan '05 103 Apr '04 109 Sep '03 'a 1231.2 1st 5s. ...1923 .Next tf4'a 13434 J'ne'o6 10134 Sale M DesM 136 Au Low High loo's Greenbrier Ry Istgugis '40 Chic& Alt KK ref g 3s... 1949 Uailway 1st lien 3138.. .1950 Registered 1950 Chic B & y— Ch cfe la D 58 1905 1922 Denver Div 48 lUmois Div 3138 1949 Registered. 1949 Gold 48 1949 Iowa Div sink fund 58.-1919 Sinking fund 4s 1919 Nebraska Extension 48.1927 Registered 1927 Southwestern Div 4s 1921 J oint bonds See Great North Debenture os 1913 . Han & St Jos consol 68.. 1911 Chic& E lU Ists t cur 68.1907 1st cousol g 68 1934 General cousol Isl 5s 1937 Registered 1937 Chic & Ind C Ry 1st 5s. 1936 Chicago & Erie See Erie Ghic In & Louisv ref 6s. ..1947 Refunding gold 5s 1947 Louisv N A<feChlsl68.191U Chic Mil & St Paul con 78 1905 Terminal gold 5s 1914 General g 4s series A.. f 1989 Registered 61989 Generaig 3138 series B.flOSO Chic cfe LSuDivg58....1921 Chic & MoRiv Div 5s... 1920 Chlc& Pac Div 6s 1910 Chic& P WlstgSs 1921 Dak cfe Gt So g 5s 1916 Far cfc Sou assu g 68 1924 Hast cfc D Div Ist 78 1910 1st 5s 1910 1908 I cfe D Exten 1st 78 Lacrosse cfe D Ist 5s.. ..1919 1910 Mineral Point Div 5s 1910 So Minn Div 1st 6s Southwest Div 1 8t 68 1909 Wis cfe Minn Div g 5s.. ..1921 MU cfe No Ist L 68.. ..1910 1913 Ist consol 68 1915 Ghic cfe Northw cons 7s Extension 4s 1886-1926 Registered 1886-1926 General gold 3138 1987 Registered »1987 Sinking fund 6s. ..1879-1929 Registered 1879-1929 Sinking fund Ss... 1879-1929 Registered 1879-1929 1909 Debenture 68 Registered 1909 Debenture 58 1921 Registered 1921 Sinking fund deb 58 1933 Registered 1933 Des Mo cfc Minn 1st 78.. 1907 MUw cfc Madison 1st Os.. 1905 1910 North lUinois Isl Ss Ott C F cfe St Paul 1st 5s 1909 Winona cfe St Pel 2d 7s.. 1907 MU L S cfc West 1st g 6s 1921 Ext cfc Imp 8 fund g5s 1929 Ashland Div 1st g 6s. .1925 Mich Div lstg68 1924 Convertible deb 58 1907 Incomes 1911 Chic Rock Isl cfc Pac 68.. .1917 Registered 1917 General gold 48 1988 Registered 1988 Ist cfe refunding g 48 1934 CoU trust Series C 4s .. 1905 H4s 1910 M^iS 1915 1916 N 4s 4s 1917 1918 P4s 48..200'. Chic R I cfe Pac RR Beiristered 2002 Coll trust gold 5s 1913 Choc Ok cfe G gen g 5s .01919 Cousol gold 53 1952 DesM cfc Ft I) lst2i3S..1905 Keokcfe Hiuli 11234 13434 1143b R& .... .... since 113 ig 136 14 Sale 112 Hang* January 2 94 Si Apr '05 104 Feb '04 102 J'ne'99 92»4 N lo2'aMar'02 Atk Low Bid Central 01 Ga,—( Contiiiued) Chatt DiT purmon g 48.1951 104iaMay'05 1041a lOl^a Mac & Nor Div Ist g 58.1946 104i.jJ'neO5 104 la 10538 Mid Ga & AU Div 58.... 1947 lu3^4 103^4 10334 10434 Mobile Div 1st g 58 1946 104^4 104 104 106 -Jeut of N J geu'l gold 5s. 1987 07 J'ne'02 Registered /il987 104 la Dec '04 Dock «& Imp gu 68.. 1921 104 104 104 1051a Le & Hud R gen gu g 58 1920 104^4 Apr '05 lo4 '4 103^8 Leh <fe WUks B Coal 5s. .1912 132'-2Mar'05 132 "3 133 Con exl guar 4ias j/1910 l32i4May'05 13L I4I33 Y & Long Br gen g 48 1941 109 109 109 110 Cent Pacific See So Pacific Co Chas & Sav See Atl Coast Line Ches & Oluo g 68 ser A../il908 IOOI4 101 la 245 941310.^13 Gold 68 01911 911 "8 101 "^ 99 51OS's 1st consol g 5s 1939 89 '8 90^4 1450 86 91 1939 Registered 05 10314 108 106 lOS^B General gold 4138 1992 7 tlOO 101 ig too -4 100^4 Registered 1992 93^4 «1 92 92 90 Craig Valley 1st g 5s 1940 ices n the 0/ $5 to a. A Div Ist con g 4s.. 1989 1989 2d cousol g48 lOlialOlia 101 la Jan '05 Warm Spr Val Ist g 5s. .1941 Mar'02 111 119^4 Oct '04 l0o'.2Dec'04 103 >4 Dec '04 ISOiaJ'ly'Ol 120 Mar'Ot' 1033b. A-0 Hiyh Ao Low JJigU 10914 Oct '00 192(i 1924 Louisiana new consol 48. .1914 North Carolina cousol 48.191U 1919 6s 1933 So CaroUua 4 >2S 20-40 Tenn new settlement 3s. .1913 Small Virginia fund debt 2-38.. .1991 1 5 , Week's L'ange or Last Salt Friday June 9 Am "a lOli^. 101^2. 100 . 4 to 5... .190(5 ItONU.s STOCK EXCHANGE Wkkk Eni>ino June 9 N. Y. 1 State Securities Alabama 3... Weekly and Yearly I'AliKS 9134 y3'. 71 go's 10!)" 11634" rn«e. Street Itnilwiiy 9413 90 90 9014 Sale 907fc, 707 108 109 109 MaT'05 108 V, 11234 Met St Hy—( Con jHot g 4s2002 A 20 13 Mar'Oo 117 1201a 88 14 Sale Lex Avcfe V F Istgu !;5s 1993 M s 118=8 88 7« 391 S3I4 8978 871a "96 95 13 13 9479 97 18 96 9513 Third Ave Ji K cou gu4s 2000 J -J 109% 1083eMay 05 1083b 1083b UO'allS'.j IIS'4 Apr'05 Third 2^ve Ry isl g5s..l937 -J 119 104 loo Feb '05 106 106 Feb '05 96 95 90 I1OI4 Sale IIOI4 h;i(Uliic)lslg4s.i93« F •A 20 109 "4 II3I4 Mel 110-'(i '99 Ocl 106 92 May'05 ibo" 93 30-yr 1926 -A Mil El Ry cfe L 5s. F g 92 93 loOLj Nov'04 i0934' 9313 Salt" 93*8 93 14 9113 96 '4 .VliiiM St Ky 1.St con n 5s. .1919 J J 87 14 88 8.S St Jo Ky Lt HcfcP 1st g 5s. 1937 M N ]()0 ^8 91 16 87 111 110 J'ly'04 loo's 102 lOl'a lOlia 10 98 1011.2 SI I'aiU (Jity Cal) cou a 5s. 1937 J -J Underarouiid Eloc Rys of Lon 95 J'ne'OO 97 78 3ii 97 lOO'a 9734 Sale 97'% don Prolii sharing us...l;)OS J D 109 Dec '9',' Union Kl (Clue) Isl g 58.. 1945 A 877(, S7'4 91 8778 89 95 9534 May'05 961., ST'e United RUs San Frst 4s.l9'J7 A 95 85 '9 89'% 9213 J 8813 89 May'O,-; 94 9:i United Rys St L Ist g 48.1934 921a 94 Hnt Mar'98 99 Dec '9', Chic St 40-yr cons g 58.1931' -N 110 Sale 116 110 25 114 1203h <<aH nnil Klectric Lislit 1 634 Sale 1 634 11 634 3 11634 20 K "3 llH'e 120 May'05 12134 Atlanta G L Co Istg 08... 194 J D week, a Duo Jan u Due Apr e Uuo ..my y Uao .ino rtOua.j'ly oDue Oct ^ Due Nov iOption sail /c Due Aug 1 WS .1 '-2 '-2 1.2 '.2 W 1 1 1 .1 .\1 J June jr. STOCK BXOHANGK WkEB BNDCfa JUNE 9 T. J.I> J-D M-M J-J A-0 J.J off Chicfc We8tIndKeng6sol932 Micli See Pere Marq Chic <fe W ChocO&Gulf 6e«CRl&P Oin H & D consol 2d Kold 4>38 s 1 A-O 7s.. .1905 1937 J-J Ist jrop6s...l941 W-N Ist sru g 48.1953 J-J CinD& I Cin I & W OIStLibC 6c«CGC&Stl Oln 8 & C Soe C G C St L Clearfield <& Mah See B RAP 01«T Cin C & St L gen r 48 1993 J-D W St L Div lat col tr g48..1990 M-N M-N M-S Rei^istered 1990 Col Div Ist g 48. .1940 4 Val Div lstg48... 1940 J-J WW .1920 M-K O St L & G consol 68. I Q-F fcl93H Q-F Ist gold 48 A:193t- Registered Cin S <fc CI con Ist g 58. .192K JJ 1914 J-D O C C A I consol 7s Consol sink fund78 1914 J-D General consol gold 6s. 1934 J-J Last Sale January 1 Sale Migh JVo Lovo 137>5 134''8 92Va 1341a 105 116 , 97'«. 1357e I2314I251.., 86 14 8438 115 104>aDec'03 113 Oct '00 11538 May'05 99 May'05 . High, 30 ISSTglSS 135 loii^ioasg 101 .... 101 .... 101 >«..., 99 97 14 115 11539119 98 9912 99 100 li. 104 101 & 101 104 10034 101 98ii2lOO.\ 100^8 lOS^e May'05 lOO'gMar'Oo 101 1« 101 ^2 100 Oct '04 Feb '05 9934 . 9934 9934 9413 AnK'03 Jan . 105 . 101% 1J0»3. 13434 135 May'05 i04"i^ Nov'oi . 112 11414 134 135 11212 Feb '04 116 101 84 Ist gold 38 sterling CoUlYust Waco See MK <fe 12934 BeUev 77 95I2 • '1 Guar gold Os M-S M-N J-1) J-D J-D J-J FA M-K AO M-S A-0 AO 190t; Rensife Saratoga 1st 7s. 1921 Wl-K RR Bridge See Pa RK Denv & R Gr Ist con g 4s.l93t 41.2s 127 12818 129 1'J6 193( . 13334 .M-N IO318. 10184 . 1031 10;-( '4 102 May'05 142i2Mai'05 102 108 102 108 108 1-2 Sale 108 108 1.J Gold 4s Det Sou Ists 4s OUio Sou Div 1st ? 4s... 1941 WIS Dal (& iron Range Ist 5s.. 193 A-O Registered 1937 A-O Butt <fc S W gold Os !J7 91 Jan '02 Sep 110 96 95 98 V 100 Sep '04 90I2 96i2Apr'0 9212 93^4 81^4 115 116 M-S lOtsHa 109 Apr'05 117 I2 b-eb'05 103 Feb'05 134 "a May'05 130 Aug'03 lOl^a 102 14 II4I4 i0i34 135 I30I2 102 Sale 94 14 Sale M F-A 9514 Au 10334 Sale 1033, J-H J-J 123 "•8 125 107 '8 26 110 i'2i 1211... ir.i 1 1.J 95 70 90 114 97 107 13bi4Mar'o5 116 107 "li cfc FA FA M-N M-N A-O 109 J-D 110 14 110 lOS^s 137 EdEUUBkn SeeKCoELcfeP Kd E 111 See N V U & E L H & P Kq G LN Y Ist con g58..193'2 Eq G & Fuel See P G & C Co J-J J-J 102 '8 103 FA M-S 944 1st consol gold 48 974 General gold 4s Ferry gold 44s •14 14 9534 HI 105 110 1 JO 4 123 4 10234 105 I0234 Bklyn 109 {Mu) Istg 5sl9'J2 Kings Co Pg 5s. ..1937 Purchase money 68 1997 Kd El 11 Bkn Istcon g4s 1939 (Jity Ga.s El L<fe & Mout 'Mo price Friday; latest bid J-J 100 * "96'" 124 ana asked 97 this J-J JJ A-O A-O JJ MS M-S A-O AO /il931 Q-J 103 Apr'05 94 Mar'o3 ioi 4 1014MRy't'5 70 Oct '04 1064 May'05 102 Oct '01 104S 103 . '. 107 io5"4 D 10141014 1054 1054 '. 1074 105 . 1044106 Apr(i4 101 1064 Mar'(W 3 96 109 964 4*86" 85 953^ May'O. 86 85 AUy'99' Tan '( Nov'04 96 Mar'06 123 82 1014 Oct 94»4 954 96 '99 100 Nov'oo 106 1094 May'05 li!l4. 124 4 Apr'04 .1034 90 Nov'9> 125 Feb '05 123 11934 Mar'04 9318 .VI 109181094 'l23'i4 125" ay '04 1104 Jan IO314 103 11041104 '05 Nov'04 Mar'04 106 4 Dec '02 loo 4 May'O. 120 121 120 4May'0r 100 41014 1014 10 1'.. 99=8 1004 II9I4 1224 .00 10314 703« 81 79 79 11 '.^3, 1 124 116 85 Apr'05 71 63 71 14 Oct '0(1 118781194 119 May' 05 Apr'O Feb'05 117411034 H2»8ll0i< KiO's Apr'05 10Sl4l09»8 1124 -May'O.. 11041124 Jan '04 ll9i4May'o5 1174119»8 71 14 7034 11614 117 II6I4 116 I'ZO 117 IIII4II2I4 86 88 Istg 1932 JD 1949 1934 J-D 1949 MS MS 63.. 1911 iVi-S AO 09 '6 1 09 'g 113 66 169 118 1194 liO'-i 115 Sale ifd 70 7519 100 103 1034 AO Milwaukee Gas L 1st 4s..l9-j7 M-K X V G E L H & P g 5s. ..1948 J D Purchase money g 43. ..1949 FA M-S J-J 1 1154... J'ue'05 b 1241*. 127 944 94 1 99 100i4Sale 101 116 102 34 107 104 14 99 99 G <fc 11741174 1174 Apr'05 101 105 99 4 May'O.' 14 Oct '04 IOOI4 10' 110 J'iie'04 105 1001,103 101410334 102 102 1024 iOL lOa Jan'O.' IO514 Mar'OS 112 Mar'o-j ll|3f, May'o5 111381U38 109 Nov 1)4 105 14 Apr '05 11934 120 104410579 122 119 117 119 104 ll8', Ma>'0 98 =e sale 114 115 Apr'05 i'u'eiVs" 9.-38 103 98 4 97'al00«9 II414 1141. 41 114 14 117 Sale 105 92 '8 l(W'4Salt 914 92 104 3g 106 119 99 Voy-i 124 104 4 101 '8 1(;4' 1194 102410479 1( J'ne'04 125 J D M-N J-D 106 /c Due 12334 10 108 IO9S4 105 41064 92 14 92 "5 108 14 1114 973^ 17 92 103 410534 11841194 105 108 103 103 IO5I4I05I4 1'J3 l'J74 107 4 109 108 110 107 14 110 May'05 •>. 109 984 105 May'05 Jau'05 no 1091,'!!!!!; .\ue Muy'05 1054 107 4 Apr '05 El ist g 58. .1949 Due Feb iXDueApr eDueMay /iDuej'lv 109 105 4 May'O."; 92 Mii>'05 108 '4 1084 92 92 104 14 Mas "05 119 4 Apr'05 106 May'05 103 May-o.-. 105 14 May'05 10534 1074 1074Ma>'( 5 1094 10834 J'ne'05 JJ Ms Westchester LIlOU'l' g 58.1950 JD lYenton 4 1V5" iV5'" 101 M-S Refunding gold 5s 194 ChG-LifcCkelstgiig58 1937 Con G Coof Ch 1st gu g5s.'30 10941094 .00 100 Mn Fnel Gas 1st gu g 5s. 1947 Syracuse Lighting Ist g 5s. "51 89 4 92 4 May'05 109 4 Oct '9 115 115 99 Jan '05 106 4 Nov'04 . cfe Dec '00 4120 .Next faice. Rel and ext 1st g 5s 1871.1 117 1054. 104 tins nnd tlectric Lifihl LacGa8LofStLl8tg58.el919 Q-F 109 73 31 105 10041014 M-S 1014 111 1st couv g 08. .1910 1st consol gold 5s 1995 '01 4.May'O;". aDueJan 103 Nov'04 113 .VI-N Ed El 123 94 4 Apr '05 week. A-O XY&QEl L<&Plstcong5sl930 EA N Y Rich Gas 1st g 58.1921 M-N Hat & Pas & E con g 58. 949 MS Peo Gas & C Isi con g 68.194:! A-O 1094 Feb'05 109=8 J-J JJ 193" iVlN 194o J-J 194o J-J 1931 M-N (.^ A-O A-O A-O AO Unified gold 4s Registered CoU trust gold 58 5-20-yr col tr deed g 4s. 192;; E H & Nash Istg 68 1919 J-D 1084110 1 4 Oct 92 & 192'J Gold 5s 111 Nov'03 10734 Nl-S Ist 58 11741174 10234 J'ne'05 105 J'ue'U3 61 103 1134Mar'oo 1911 M-S N Y B&M Bl8tcong58l93o A-0 11.14 N Y & R B Ist g 5s 116 116 1927 M-S 1114114 Xor Sh B 1st con ggu58ol93'J QJ 112 117 117 II4I4II6 Louisiana €t Ark Ist g 58. 1927 .US 106 10241024 i.ouiHV & Nashv gen g 68.1930 JlJ 1191^ 134341304 May'(t5 J'ue'05 112 110 193^ J-L Gold-ts Unified gold 4s Debenture gold 5s Guarref gold 4s 12641264 1134 May'05 169 100 112^4 Long Dock See Erie Long Isl'd— 1st con g5s./l.l931 Q-J 10334 May'05 684 68 113 6&e& ElecBergCoc go8.1949 J-D Gen Electric deb g 348..194'J F A Or Rap G LCo Istg 6s. ..1915 FA Hudson Co Gas 1st g 5s.. 1949 MX Kail 114 112 .J 91 5? lOO'eJau'o:. 113 05 169 109 79 1124..-. 85 J-r> & Hud R See Cent of N J & Wilkesb See Cent of N Leroy & Caney Val See Mo F —Contiiiuu«i on M-N A-O niH lo5 4J'ly'04 103 103 107 M-S &W IDSCliLLAMilllJ?* m»M>.-s iian and Klectric Lislil Bklyn U Gas 1st con g 5s. 1945 BunaloGas latg5s 194. Consol Gas cou V deb 68 1909 Consum Gas see P G ife O (Jo Detroit CJity Gas g58 1923 Del Gas Co con 1st g 5s...l9Ls 99 103 19 98 14 101 'a 131 106'4 1114Sale 11139 1950 A-O 23 100 Sale 6 M Leh Leh 1014103 133 ake Erie I 1074109 118 J'ly'04 116 116 115 . ... 117 Jan '05 II7I4 110 Apr'05 101 Si 104 102 12 May'05 109 110«8 110 Sj Mas '05 II712.... 117i2Jan'05 1 1 <fe 103 103 109 14.... 107'4.... 10U34 .... J-J l-f 961a 11741174 l-jlWj 10234 91 86 Mar'05 J-J -"^-N .^l-S Istg 58. .193"; 2d gold 5s 1941 North Ohio Ist gug 58. .1945 L Sho & Mich S See N Y Cent Lehigh Val (Pa) coll g 58.199 Leh Val N Y Ist gu g 4 4s. 1940 Registered 1 94( Leh V Ter Ry 1st gu g 5s. 1941 Registered 1941 Leh V Coal Co Ist gu g 58.1933 Leh & N V 1st guar g 48.. 1945 Registered 194 EIC& N 1st g 1st pf 68.1914 Gold guar 58 1914 84 II718I20 Mai '05 10234 Sale 1044 1 06 102 Kentucky Cent See L & N Keok & Des Mo See C R I & F KnoxviUe & Ohio See So Ry Illiall6i4 105 Mar'05 134 115 1024 >1-S JJ See K T gold Ss.. 1950 Registered Mav'05 93 '4 94':^ 88 Nov'()4 94 12 951.^ 904 M 98iaJau'04 J-J J-J J-J 1094 101 4 J'ne'05 J-D W ligia May'05 . 'Vl-S g 5S...1951 J-D 1951 J-D 1951 J-D 1951 J-D Registered 103 105 Meiiiph Div 1st g48... 1951 10634 1071a St L Sou 1st gu g 48. ...1931 Ind Bl & West See C C C <fe St L 134 13415 IndDec<fe 1st g5s 1935 Istguargold 5s 1935 IO314I0314 Ind I11& la Istg 43 1950 102l2l0(jl8 tnt<£; Great Nor Istg 6s. .1919 2d gold OS 1909 142131421a 3d gold 4s 1921 31 100 102 14 Iowa Central Ist gold 68. .1938 108 1091,2 Refunding g4s 1951 108 110 Jeflerson RR See Erie 9818 100 A <fe G R See L S & ^ Kal an & Mick See Tol & O C 89 94 la K C Ft S cfe M See St L cfe S F K C <fe R & B See St L & S F May'U5 11334 J 'ly '04 & Erie Ist gold 5s. .1982 M-N al909 A-0 Jett RK Isi gu g 5s Long Dock consol g 68..193." A O Coal & RR 1st cur gu Os. 192'. M-N Imp 1st ciir 68. .1913 J-J Dock N V Green L gu g 5s. 1940 M-N N Y Sus & W Ist rel 58.1937 J-J Gold 34s Il'-!i8ll5 11514 J'ne'05 11834 1923 1st g 4s. ..1932 L& N O ChicSt I29i^i30"' Mar'05 lUVj Chic 1 Mayu5 93 116 .U-S JJ Carb& Shaw 30 H, 13134 130 130 '04 107 M-S 1937 2d gold 4I128 1940 General gold 53 Temiinarist gold 5s. ..1943 Regis «5,000 each. ..1943 Mid KRot N J lstg68.1910 Wiik& Ea lat gug 58. 1942 Erie & Pitts See Penn Co 91 loo 109 AO J-D MS 190f< J'ne'05 yais & 1919 1923 1920 192> 1920 1st consol gold 78 1920 1st consol g tuud 7s Erie 1st cou g 4s prior.. 1990 199ii Registered 1st consol gen lien g 4s.. 1990 1990 Registered 1951 Penn coll tr g 4s 50-year conv 4.s A 1953 ButlN Y& Erielst7s..l91(i Apr'Oo 9934 & 2d extgoldSs 3d ext gold 4>u8 4th ext golo 5s 5th ext Kold 4s IO2I4 99^4 Sale 91 Sale 101 Vj. J-D 1995 J-D 1951 J-D 191(1 J-J J-J <fe Atl g 5s. .1937 L'"a8tor Minn SeeStP.M&.M -Cjast Ten Va Ga See So Ky Elgin Jol & East 1st g 5s. 1941 I'/l-N Elm Cort No See Leli Ji N \ Erie 1st ex t gold 4s 1947 Wlls Car Ist 6s Kan C & Pacific Kan City Sou 1st Ist lien g 48.1995 2d 68 Dnl So Shore . 139 ig. Consolandcol trust 48 194! A-O Utali Cent Islsw ?4s al917 A-0 Rio Gr So gu See Rio Gr So Det& Mack 130 May'o5 U2'sMay'(l5 104 May'05 107 Mar'05 102 Feb '03 134 May'05 149 Aug'Ol 13012. II3I4. 102 105 . Improvement gold 58...192h Rio Gr West Ist g 4s. ...1939 DesMoi&FtD seeCR&IP Des M & Minn See Cli & N W Des Moi Un Ry Ist g 5s.. 191 Det M & Tol See L S & M So <fc Registered F-A i\l-S Del Riv Consol gold Mar'05 May'05 13134 May'05 13U Jan '05 108 127 108 AO MN M-N JP IIOI4 9014 10208 Sale AO M-S A-O 126 73.34 941 CM Del Lack & Western 78.. .1907 Morris <fe Essex l8t78...1914 1915 Ist consol guards 1915 Re^ristered 2000 1st refguff 31^8 N Y Lack & \V 1st 68.. .1921 192:; Construction 58 1923 "Term & improve 4s Syr Bing <fe N Y 1st 7s.. 1900 Warren let ret gu g 3 '<2S.20O0 Del& Hud 1st Pa Div 78.1917 1917 Registered Alb & SU8 Ist cou KU 7s.l90(j gold 4s LN W Dak aUa.s & 34s 108 75 14 10241054 Sale J-J J-J J-J 1951 1951 1951 1951 1951 1952 1952 O & Tex gold 48 ...1963 Reglsteren 1953 Cairo Bridge gold 48 1950 Iioms ville Div gold 3 4s. 1953 J Middle Divr6g5s 1021 F"A Omaha Div Istg 3s 1951 P-A St Louis Div gold 3s 1951 J J Registered 1951 Gold 34s 1951 Registered 1951 Spring Div 1st g 348. ..1951 Western Lines 1st g 4s. .1951 74 «8 9418 8016 So Pac Co g 4s. .1951 J-J Registered Il6l2ll6l2 94 76 ...... 10241054 102>aMBy'05 91 A-O 101 g48..194.s Registered liei^Jan'OO 119»8. Colorado & Son Ist g 43. ..192', Coluni & Green V See So Ry Col & Uock Val See Hock Va Col Conn & Term See N <fe Conn & Pas Kivs Ist g 48.1943 A-0 & St P & Gt So See 711a 10841144 J.J , <fe Registered 98 Mar'9f* 109 4 91 10934 J- W Tex See So Pac Houst<fi;TexCen See Honst E Illinois Central Ist 72'^ 105 J-D 1999 J-J Registered Extended Istg 3 48 1006,. January J; J-J ousatonic See N Y N H & H Hock Val lstconsolg44s. 1999 98^4 100 iv IOOI4 72 78 \ Last Sale VGA Dec '04 7278 Sale ,{ Since June y i ^1alH<fe Hofl8821st5s.l913 A-0 Georgia & Ala See Sea A Line Ga Car <fe Nor See Sea A Line Georgia Pacitlo See So Ry (Jila Xor See So Pac Co Gouv & Oswegat See N Y Ceul Grand Rap<& Ind See Penn RR Gray's Pt Term See St L S W Gt Nor—CB&QcoU tr48 1921 J J Registered./! 1921 Q-J Greenbrier Ry See dies & U Gulf&SIlstref<fetg5s 6195'.' J-J Han & St Jo See C B & y 1st gold 984 Bangt ; W '04 J'ne'05 Week's Range or Bid Ask Low High No IjOW High I234I26I4 123 4Mar'C5 1234 124U A-0 110 1104 May'05 106i4ll0>a A-O 113 114 Apr'05 114 116 A-O 104'6 104 Oct '04 J-J 1154 114 Apr '06 11334 114 M M Price Fridav J-J 68.1921 1942 Ist general gold 58 Mt Vernon Ist gold 68.. 1923 58.1930 Branch Ist Still Co g Kv<fc Ind 1st con gug68..1926 <fc St i' [^"argo & So See Ch r lintcfe Pere 5e« Pere Mai Fla C <fe Penin See Sea Air Line Fort St U D Co Ist g 4 48.1941 Ft <fe Den C let g 63....1921 Ft W<$i RioGr l8tg48...1928 / ' al Har & S A See So Pac Co 101% 10 100^2 IOII12 114 123 . 8^ KTansA THlst cons C0I& H V Istext 114 <fe 4s. Peo<fe East Ist 1990 Apr Income 48 Wli con 1st Lor ? 53.1933 A-0 CI Marietta See Penn RK Clev Clevife Mahon Val k 5s. ..1938 J-J Clev & Pitta See Penn Co 194'i Col Midland 1st k 4s lOlSf lOl"* 101 stock exchange Week ekding June 9 n. t. Dec '03 93 135'^BApr'05 129»4 Mar'04 131 124 14 124 '4 124 J'ne'05 97>4 97 95 Sale 95 95 112'all6 116 May'05 W 1st pret 48.1940 A-0 O Ind & W l8t pf 5a...(a93> Q-J con ..1940 A-0 & Since 136 1934 J-J Recistered Ind Bl Sang* I Cairo Dlv l8t Koid 4s....l93{' J-J Oln A M Div l8t g 48.1991 J-J 8pr WeeK^i Range or A9k Low 2385 2 BONO!) FrUe Friday June 9 Bid Ohio 4 St L fiMAtchT&SaFt Ohio St L <b N O £«« lU Cent Ohio 8t L <* Pitts Bee Penn Co Ohio St P M & O con 68. ..1930 Cons 68 reduced to 3>-^8.193ii Ch St P & Minn Istges 19is Nor Wisconsin lBt6s...l930 St P <fe S City Ist g 68.. .1919 Oliicafco Ter Trans g 4s. ..1947 Coupon —Continued—Page Bond Record 10. 1905.] ilO 113 oDueuct QDueDeo '•2 1074 11214 lll<4ll3 « Option sale , . . 2sm BONOS Prida-ii Hange June 9 Last Sale 1st- ?olii 63....1ii:i0 WM) J -J 2(1 gold 6a <fe Pensacola Div gold 68. ..1921) Wl-S 1021 WI-S St L Div l8t gold 6s I'JSU M-S 2(1 goKl 3s Hen(ler Bdgelst8lg6s.l;>3] M-S Kentucky Cent gold 4s.. 11)87 J-J 9934 1083^ L<feN&M&Mlstg4>28l945 M-S L& NSontli M )0int4s.l952 g 5s. ..1937 6s. .1921 5s. .1936 1910 Sink fund gold 6s & S 1st gii Pens cfc Atl let gu g S <fe N Ala con gu g J J F-A F-A F-A Cli .See C I & L See L S & M 8 Mahon CoalByconsol4s.l990 , iVdii 11379. 114 Si. 105 99 ig. AG 109 109 ',30 Hz 13! . West Shore 114 114 121>2l21io Ka A 981-a 110 Feb'Oo 96 >2 115 Mar'Uo 1121-2 Mar'05 11514 Mar'05 110 Mar'03 98=8 Oct '04 1990 Rennstered 1908 Metropol El 1st g 6s Coloniz g 5s. ...1934 McK'pt & B V See N Y Cent Metropolitan El fiee Man Ry Mex Cent consol gold 4s. .1911 ManSW A-0 A-0 104'2Sale J-J 10818 109 10134 110 110 96 113 97 14 II5I4 U3 Mich Cent 1121a II5I4 llOio 1939 ofl income g 3s.al939 J'lj" 2d consol income g 3s..al939 Jiy 1919 A-0 E(3uip cfe coUgoldSs Coll tr g 4^28 Ist Ser....l907 F-A Mex Internal 1st con g 48.1977 M-S 1977 M-S Stamped guaranteed Mex North Ist gold 68. ...1910 J-D Mich Cent See N Y Cent IO4I4 104 12 104 Apr'()5 108i2J'ne'05 . "191^ 20^2 12 75 75 Jan '05 20 20'-.. 12 J'ne'05 7378 75 19 11 7634 96i<j 26H! 94 -a 98 9i5i^ 1361a 108=8 II9I3 110 114 .15 97 12 142 Dec '03 llliQjan'US 120i4Apr'05 11 314 Mar'05 117 Mai '05 96i2J'no'05 HI 11166 I20I4I22 II314II314 117 11734 95 >a 9876 101148316 86 1^ Sale F-A M-N 105 14 Sale OOHi A-O 92 M-N 10584 95 9534 F-A A-O U214II4 IO6I4IO7 10034 8514 I0514 100ial04i4 10134 86I12 IO512 90 Hi 90 12 105 14 Dec '04 95 Apr '05 87 911a 9438 95 14 HI ll2i4J'ne'05 IO6I4 106 107 107i2Peb'05 106 106 106 10414 104^, 104 i-j 104 H Leroy&CVALl8tg5sl926 J-J g 48.1938 F-A 2d extended gold 5s. ..1938 J-J Sgen con g 5sl93] A-0 8t L Ir Gen con stamp gtd g 58 1931 A-O Unified & ref gold 48. .1929 J-J RiV & a Div Ist g 4s.. 1933 M-N 1st g 5s. 1926 M-S Verdi V I ife Mob <& Birm prior lien g 58 1945 J-J 1945- J-J Mortgage gold 48 Mob J & K Clsicons g5s.ly53 J-J Mob & Ohio new gold 68.. 1927 J-D Ist extension gold 6s../tl927 Q-J 1938 M-S General gold 48 Montgom Div 1st g 53. .1947 F-A St L & Cairo coll g 48..el930 Q-F 1933 J-J Guaranteed g48 & coll 4s See Southern 1st ex 11834 11612 117 M& IIOI2 107 95 116iall7i2 11688119 10934 Oct 95 H, 9578 9478 9478 '0^ 95 W 9534 9434 io2" 11438. 94 98 14 91 98 9314 93 14 951a 9812 12584 129 122 12434 961a 99 117 11334115^8 95 95 Feb '05 95 101 12 100 14 Nov'04 cfe 122 12 J-J 1221a 123 11414 J'ne'05 121 Apr '05 1 17 14 Mar'05 113 J'ly'04 IUI4II6 i^ Ist consol gold 5s 1928 A-0 Jasiier Branch 1st g 6s. .1923 J-J <fe Al l8t 6s. .1917 J-J P Branch 1st 6s.. ..1917 J-J 12078 W 116''8 11514 12078 123 II414II7 119 121 II7I4II7I4 Nash Flor & Slief See h& N 105 12 105 1« May'05 Nat of Mex prior lien 4 'as. 1 926 J-J 80 let consol 4s 1951 A-O 80 J'ne'05 New H & D SeeN Y K H & H N J June KR See N Y Cent New & Cin Bdge See Penn Co N O <fc N E prior lien g 6s pl915 A-0 II512II8 N Y Bkln & Man BcU3i<28.19y7 See L I N YCent<fe H Rivg J-J 10034 Sale 10034 10084 Registered 1997 J-J 100 Apr '06 Deben g 48 1934 M-N 101 Sale 100\ 101 FA FA FA 91 14. 903. 90 89 89 «8 90 199S 199s F-A Beech Creek ist gu g48.1930 J-J Registered Registered IVM 2d gu gold 58 1936 Beech Cr Ext Ist g 3>28 ilUOl Cart & Ad 1st gu g 48... 1981 Clearf Hit Coal Ist si 4s. 1940 Gouv& O8W0l8tgUg58 <k Jlal iHt ]9'!2 gug4s..l9'.(l 110 A-0 J-D 10034, 92 J-J fliont 913o 90 FA FA FA Col lndusl8tconv5sguA.19:i4 Ist, conv 58 gu Series B.Hi34 Com in'tal C 1 st s r gu 5s g. 195'.^ Gr KivCoal& C l«t g68..191!l A-O 2il g.)l(l 6h I 91S2 May'05 81) Hi "a 96 . May'05 Fob '05 Mar'04 Apr'02 10712 J 'ly '00 104 .106 Kaii& H C A;ClHt8fg58ll'.l61 Pleas Val Coal Ist g8r68.1'.)2>Toiin Coal gen 68 lli.-.l 'i'enn Div Ist g 6s al917 Bimi Div Istconsol Oh 1917 Call (J Co l8t gu g 6h.19'2'^ 1)0 liar C <fc I Co gu K Oh.1«1(j 1 ron Coal A, Co l«t g .Sh 194!) y 105 106 '02 Oct Mur'05 ' 106 103 14 105 95 '•i9 68 Hi Sale J-D 99 A-O J J J-D 107 103 CC&T NW 124 124 119 124 120 1411a 117 109% Apr '04 124 Feb 15 121 '1 119 119 108 IO6I4 J'ne04 lOOHiNov'OO 9714, U6i4May'04 74 101 H2. 10519 Mar'05 105 19105 1« 1151a. 117Hj. 119HiMar'(i5 118 117% May'05 I17>2ll9% 107 11334 . . Jan 119HJ '02 07 Hi 107*8 104 106 1 1241a 12776 131»4 Apr'03 10384 Sale 103 Hi 10334 103 Hi Jan '06 54 103 10638 103Hj103H» 109 llli4Feh'05 IIII4IIII4 133Hi133Hj 132 Hi 13284 M-N 131ie F-A I3214 A-O 12979 A-O 10134 A-O 133 Jan '05 132 Hj May'05 "-i 132HiDec'04 10214 10219 102 14 9934 J'ne'04 M-N 100 99Hj101 100 95 19 9514.... 95 14 109 14.... lo9HjFeb'05 101 la lOlk 1011. Q 1053b Sale 10588 103 4 105 104 J-J J-D J-J W J Q-J Q-F Q-F J-D J-D St P & N P gen g 6s. ...1923 F-A Begisterecf certiflc's..l923 Q-F St Paul & Dul Ist 58.. ..1931 F-A 1917 A-O 2d 5s 1st consol gold 48 1968 Wash Cent 1st g4s 1948 Pac Ter Ist Nor Co g 6s. .1933 Nor Ry Cal See So Pac Xor Wis See C St P O Nor Mont See Cent J-D 77i8Salii 76^4 77 Is Mar'05 125 la Apr '05 132 J'ly'99 12584 II8I4. 11373. 10838. 99Hi. . 9484 IOOI4 9434 9779 109 100 Hi 109 Hi 103 10534 117 10434 IO684 May'05 74'aMay05 *99iiio6i^ 100 13 io6"'io4% 5" I03H2IO514 75Hj 78 74 Hi 7684 100 101 125 H2 126% II214 J'ly'o.i 92 Hs. ?:^ 11614. 108 Apr'05 100i4Apr'O. 92 Hi Apr '06 116 Jan '05 10734 109 llSkFeb'OS II8I4 IISI4 lll\iApr'06 IIII4II314 9979101 92H2 92Hi 115 llOHj M& NY W See C OInd hio River RR 1st C& <fc St L g 5s. 1936 J-D General gold 5s 1937 A-0 Ore & Cal See So Pac Co Ore RR & Nav See Un Pac Ore Short Line See Un Pao NYC W Oswego & Rome See O C F & St P See C & N Oz'rk& Cher C IstguSs g.l913 A-O 1946 J-D Pac Coast Co 1st g 58 Missouri See ilo Pac Panama 1st s fund g4H28.. 1917 Sink fund subsidy g 6s. .1910 Penn Co— Guar lstg4Hj8.1921 Registered 1921 Guar 3H2S coll trust reg.1937 Guar 3 HiS coU tr ser B...1941 9979 100 Hi 100 llli^.... 112 A-O 103i%. M-N J-J J-J M-S 94 Tr Co certif's gu g 3i28.19i6 M-N 97 C St L <fe P 1st con g 5s. 1932 A-O 119 Registered 1932 A-O CI & Pgengug4Hi8serA.'42 J-J 11638. Series B 1942 A-O II518. 98 Series C 3H2S 1948 M-N Series D3H28 9934 1950 P-A Erie& Pitts gugSias B.1940 J-J Series C 1940 J-J N & C Bdge gen gu g 4 Hjs 1945 J-J 106 14 P C C & St L gu 4 Has A. 1940 A-O 11 234 114 Series B guar 1942 A-0 11234 114 Series C guar 1942 M-N Series D 48 guar 1945 M-N 102'>8. E 3Hi gixar g 1949 W<& Ist 7s. ..1912 F-A J-J 2d7s 1912 J-J 3d 7s /a912 A-O Penn RR Ist real est g 4s. 1923 M-N Consol sterling g 6s 1905 J-J Con currency 6s reg...;/1905 Q-M Consol gold 5s 1919 M-S Consol gold 4s 1943 M-N Couv(!rtiblo g 312S 1912 M N AUeg Val gen gu g 4s... 1942 M-S CI & Mar 1st gu g 4 Hjs..1935 M-N D R R R & Bge 1st gu 48 g.'36 F-A Gr R & I ex 1st gu g 4 HiS 1941 J-J Series Pitts Ft 93% . 995410014 112 115 Hi 103 Apr '05 102 Apr'02 110 Hi J'ne05 106 Jan '05 102 Nov'98 94 94 97 May'05 1177e May'05 1021a 104 UOHillli* 106 106 94 97 94 9884 11734 11779 10Si4Aug'03 96 102 9884 Jan '04 Nov'OO Apr '04 113 113 11234 11284 Aug'Oi Hi Oct '04 May'05 127% Oct '02 121 Mar'04 110 104 93 119 Apr '04 106 Hi 107 Feb'OD 101% Sale 103 100 112 . . . BONUS—Continued Am 1071a Oct '04 105 J'nc'05 86 May'05 102 85 874 Apr '05 84 70 70 Hl 16 68 68 '8 09 12 136 66 Hi 107% I)ec'(l4 102 Hi 107 102 Hi 107 1 06 J'ly'oi M ay'97 Oct '03 May'06 Oct '00 IKS Hi 99 105 Hi 90 89 Hi 76 m 72 12 1064107 934 22 1011 Hi Miiy'O,") II214II3H1 112 May'05 94 102 D{;c'03 F-A 105 104% Mtty'06 M-S 85 4 86 Hi 80 J'ne'O."•No price JTrlUay; Utost bid and asked thu week, a Due .Ian M 124 Hi 110 102 111 Hi Sep '04 106 Aug'03 101% 102 102 Nov'97 110 Jan '06 IIII4 111 IIII4I 113 11419 112Hi 11334 93 106 9379 107 27 101 '4 107 110 110 111 lllHl 97 981a on Next I'aeo Tolcgrnph and Telephone Ist g 5s. 1926 J-l) lO'.'i; W N 9958 10034 99 "f 100 Hi 100i4l02«8 9934 93 89 91 H? 89 14 9118 89 89 Hi 106 H2 107 Hi IVlI.SCELl.AN£OU8 Conl nnd Iron Ool Fuel Co gen gold 08...1919 M-N Col F & I Co gen 8 1 a 58. .1943 F-A Convertible dob g 08 1911 FA Jen<feClcarG& Maj'05 Jan '03 124 139 108 '4 , J-D M-S Istgug 58.1916 A-O Trust Coctls West gen g 6s 1931 Improvem'tcfe extg68..1934 New River 1st g 68 1932 & Ry 1st con g 4s. 1996 Registered 1996 Div'l let 1& gen g4s... 1944 Pocah C & C Joint 4s.. 1941 Istgug 58 1922 Sclo V & N E 1st gu g 48 1989 North lUlnols See Chi & North Ohio See L Erie <& Nor Pac— Prior Uen g 4s. .1997 Registered 1997 General Uen gold 3s a2047 Registered a2047 St Paul-Dul Div g 4s.. ..1996 Registered 1996 C B & Q coU tr 4s See Gt Nor lOSialOSi© 7934 83 14 89H,J'nc'05 107 102 i'oV'ii. J-J J-J N J June R gu Ist 4s.. .1980 FA y \'& i'ul8icongug4s 1993 A-O cfe .ff ac of <fc Sliore collg 3'2S...1998 Registered 1998 con g 5s.. 1937 M-N <fc & 93i4Apr'Oo 98 Hi J'ne'05 12534 125-'4 12434 12434 961a May'05 11434 Apr '05 . 114 9638 lllii2Mar'04 . 124 94 94 Mai Lake R N H Derby con g 53.. 1918 M-N N Y & North See N Y C & H N Y O W ref 1st g 43. 1992 AI-S Regis $5,000 only srl992 M-S N Y & Put See N Y C & H N Y & R B See Long Island N Y S & W See Erie N Y Tex M iSee So Pac Co Nor& South 1st g 5s 1941 M-N 98 IO412IIO 103 106 110 Mar'05 105 J'ne'05 117 12 May'05 II6I2 1161a , 108 II214 1047e 10884 106 109 Hi IO712 107 H) 10412 10838 10334 107 1221a 125«8 loe-a 11038 1071^ 107 107 105 8712 8434 10334 ' Mich Cent coll g3i28 122 14 141 W Norl<fe loeig ' McM M T& 101 105 1241.2 <fe 101 12 99 Tex&Oklal8tgug5s...l943 M-S 1906 M-N Missouri Pacitic 3d 78 122% 122'^ 122^ 1920 M-N let consol gold 68 107 stamped. al917 M-S 10634 107 107 Trust gold 5s Registered al917 M-S 108 IstcoUgoldSs 1920 F-A 108 Sale 10? 971^ 98 96 May'05 Cent Br Ry 1st gu g 4s.l919 FA SeeNYC&H See B U Mont Cent See St P M & M Morgan's La & T See S P Co W Morris & Essex See Del L Mash Chat & StLlst7s.l913 1091. & WW 10 II2 May'05 103 Nov'Ol 102 Hj & Wa & & M-N MK& M K<feTorTlstgug58.1942 M-S Sher Sh & So Ist gu g 5s.l943 J-D ife \{Y.\\ 109 <fe Minn Un SeeStPM&U Mo Kan & Tex 1st g 4s.. .1990 J-D M Utah l.nio 51 i;i8i4iio ;<7 10778 109 Hj 9:' I4 J'ne'0 5 s6 9l'i4l02 9939 99HiJ'ne"(i.") 99Hil01i4 Sale 101 101 14 142 1.10 IO3I4 107 102 May'05 102 103 Hi I09I4 BlkRivgug4s.l922 J-J 106 106 lo 107HjFeb'05 1 04 H2 May'05 St L 1st g 48.1937 A-O 10434 105 Registered 101 Mar'04 1937 A-O N Y & Greenw Lake See Erie N Y & Har See N Y C A Hud N Y Lack <fe 6ee D L <fc N Y L E <fe See Erie N Y & Long Br See Cent of N J Utica<fe Housatonic M S S M & A Ist g 4 int gu 1926 J-J Monon^aliela Riv Jliqh A 1091a Sale NY&NE SeeNYNH&H York New Hav & Hart>— Minn & St L gu See B C R & N MStP<feSSMcong4intgu'38 J-J Mohawk ASK L01U Since RW.feOTRl8tgug5s.191S M-N New South West Ex 1st g 78.1910 J-D 1934 M-N iBt consol gold 5s 1st and refund gold 48. .1949 M-S Mo W& 08we& R2dgug58...cl915 F-A 11\ N Y Chic May'OO 105 Minn & St L Ist gold 7s.. 1927 J-D 1909 J-D Iowa Ex l8t gold 78 Pacific Ex Ist gold 6s. ..1921 A-O of MS 1931 M-S 1931 O-M 1940 J-J 1940 J-J J S l.stg 312S 1951 M-S lstg3i<2S 1952 M-N Bate cfeSturl.srgug3s.1989 J-D N Y <fe Harlem g 3ias...2000 M-N Registered 2000 M-N North 1st g 5s.. .1927 A-O R O con Istext5s.?tl922 A-O 79 76 14 <fe Pac B FA J-J J-J J-J J-J J-J 5s Registere(l 4s Registered 104 107 104 104 100 1^10812 90«8J'ly'0] ol N J See Erie MU L S & W See Chic K "W MU & Mad See Chic & N W MU & North See Ch M & St P 1944 Ist ext gold 5s St L Div Ist ret g 4s. ...2001 gu 5s.. .1940 Dal Ist g Kan C Pac Ist g 4s. ..1990 Mo K E let gug 5s.. .1942 1942 Ok Ist gu 5s J-D J-D M-S Range January 1 109 la Sale 99 14 L& Mid 4fl990 1st consol 68.1909 Hid J-J J-J N Y& 76 J.J Coupons 2d gold 4s <fe <fc Y'^ J-D Ist consol Nor G R Ist gu c 58. 1938 Mahon C'l RR 1st 5»..1934 Pitts McK 1st gu 6a. 1932 2d guar 6s 1934 McKeesifc B V 1st g 68 191S <$! anliattan Moll 1st 4s gu... 2301 Registered 2361 Lake Shore gold SHzs 1997 Registered 1997 Debenture g 4s 1928 Det Hon & Tol lat 7s. 1906 34 I26I2I26'-.. 10134 May'(15 . 967. BdgeCogug4s..l945 M-S L<fc Jett LK A JIar'05 13134 May'1'5 132 = 12634 129 126 Kj Feb'Oo 112 114 Apr '05 I21I4 I2II2 May'05 75 J'ne't)2 113 Nov'99 J-J 1 Ao Low Uinli 109 Friday Jtme 9 Y. January H eeA;'.<: Kange or Last Sale Price STOCK EXCHANGE Week Ending June 9 N Y Cent & H K—(Coniimied) Since or Ask Low Did Louisv <fc JS'ashv— fCon£iJiM?ri; L Ciu & Lex ffolrt iHjs... 11)31 M-N 109 NO&M XO M Week's i^ice STOCK EXCH ANG] Week K.nui.ng June 9 Kla VOL. LXXX Bond Record— Continued- N. Y. N . 109 100 4111 11084 112 i'03"" 86 6 Due i'05" 93 4 K(ib Tolop & Tel coll tr Oomin Cable Co Ist g Erie T & T col tr g s 1 T Ist 8 lg58 MotTifc 1918 J Tel gen g 58.. 1920 West Union col tr cur 58.1938 Kd and real est g 4 4s... 1950 Mul UuTel 8 fund 68. ..1911 Northw Tel guf 44s g..l934 N Y <fe N >Innnlnctnrins M-N M-N 92 Dec '04 109 Oct '99 109 4 May'06 1094109 4 IO514 J'ly'03 iiT'i^!"!" 111 May'05 J-J IIOI9II214 10978 105 64 1044107% M-N 105i4Salo 103 110i4Mur'()5 IIOI4IIOI4 M-N 1064 '•J 103 J-J J'ly'04 & Industrinl AiuCotOil ext 44s 1915 Q-F Am Hide cfe L Isl 8 t g68..1919 M-S Am SpirilH Mfg 1st g68..1916 MS Am Thread Ist col tr 4s. ..1919 J-J Am Tobacco 40-yrg Os 1944 A-O 1961 F-A 48 Consol Tobacco 50-yrg 48.1961 FA e OSiaMoy'Oo 48 1929 J-J 4s. .2397 5s. .1926 ?;j '97 96 88 '8 Sale' Sale 114% Sale 7434 Sale 80 Due May (rDueJ'ne ADaeJ'ly ^ Dae Nor 988^ May'06 9718 9718 9834 101 9684 100>4 97 94 90 Mny'05 8 874 89 14 88 87 4 I10i4ll8>« 11284 11519 433 777, 7514 70^ 71 74 84 >« 78ifl 4 74 80 a Option sale. ) June Bond Eecord 10, 1905.] STOCK EXCHANGE Week kkdino June 9 N. Y. Penn l-iH—( KUnt&PMgGs Eange 5.= Since Janiiary 1 Ao Loxo Hiyii 106^4 IO8I4 Ask Hiah. hoiu 10634 Muy'05 . 122 W M 5s 1921 io4' 104 14 12038 1920 1939 Pt Huron Div Ist k 5s.1939 Sa!fTus& H Isteuff 4S.1931 See Peun KB Wwung cons 7s. 1911 W See <fe 1st gold 68 118 W B R See See <fe L& Mount Iron See 2d gold t>8 Class General gold 6s General gold 6s 100 9812 101 100 14 9934 116 I0078l033f loO '05 109 75 89 109 77 89 101i4Nov'01 95 H; .128 93 96 Stat Isl 15 102 10434 104 10438 131 MayOo "2 I2912I32 II2I2II6 1151a 115>2 10014 Mny'05 9934 100 14 101 May'05 101 102 88I4 92I4 174 907^ 901a 96 Lee '04 I26I4 Jan'05 I26I4I26I4 78 88 14 92 8838 89 103 104i8Feb'05 10239 lea's 103 10238..... 1931 1931 ISO's llSi^Sale 9612 9934 102 90 Hi Sale 1951 5-year gold notes 4><2..1908 K O FtSife M con g 68.. 1928 K Ft S & M Ry reT g 4s 1936 K C& MR&B Ist gu 58.1929 124 89 Sale See Illinois M W 86 86 80 »a 81 1st 86 81 114% 11334 96I2IOII2 87 12 84 80 la 841, 99 May'05 81=8 11334 108^111 136 HI 1133, 139 11334 lieisApr'Ol 110>4 11068 llOiailay'OS 103 10314, 12234 137=8 6s 11934 1101211238 103 105 103 'i 106 May'Ol 10434 Mar'05 103i4Sale 1st g 6s gug 9838 *10878 10938 108 12 May'05 139 Sale 139 139 140 Miiy'02 1922 1937 Registered 1937 1937 1st guar gold 5s WiU<fc S F Ist gold 68. .1938 Bt P & Nor Pao See Nor Pao St P & S'x City See C St P M &0 Salt Lake C 1st g si 6s. ..1913 BFePres& Ph Istg6s...l94i S A & A P Sec So Pac Co S F & N P Ist sink 1 g 08.1919 J.J Sav i" & West <See Atl Coast L Scioto Val & N E <See Nor & Seaboard Air Line g 4s ...1950 CoU tr refund g 6s 1911 Car Cent Ist con g 48... 1949 ria Cen & Pen isl g os.lUls 1st laud gr ext g 5s. ..1930 Consol gold &s 1943 MontC 9334 983s M Minn Union May'05 Jan'05 124 135 . . 117 Dec '04 Feb '05 Jan '04 110 Jan 108 May'05 13434 1181* . 1171a. lllia. 10434 10434 123 135 124 136 11818 1181* '04 Ga & Ala Ry Islcon5sol94o Ga Car & No 1st gug 5s 1929 Jlar'Oo 109 Feb'Oo 109 , ilO 109'"Mar'(i5 112 May'05 110 Jan'05 IIII4 llH4May'03 , Jan 102 9634 Sale 9612 fcl949 9238 94 109 101 Registered 1949 Mort guar gold 3^28.. /i:1929 ealHar& S A 1st g 6s.. 1910 2d gold 7s 1905 Mex<fc Paclstg5s....l931 Gila VGcfcN Istgug5s.l924 T 1st g OS. 1933 H.OUS E & 1933 Ist' guar 5s red 12 Salt la 112 12 10712.... 10334 ..., W TClstg5sintgu..l937 H& Consol g 6s iut g-uar...l912 Gen gold 4s iut guar. .1921 Waco N W div Isl g 68 '30 . .106 <fc 96 14 9812 101 102 y238 9714 91 94 '06 108^8 111«8 101 s, "84 10038 104 Mar'05 87 12 90 10818 llO'e 103 Sep '04 115 Feb '05 107 Is 10716 107 14 Feb'Oo iisi-Iiis" 107'h110 1051210714 103 112 113 II214, 111 9 3 as, "88 Feb 110 '03 9738 499 99 14 Mar' 03 88 ""i 88 .... 1091-j ItiSis 111 110 May'06 10114 88 S712 10912 109'109 12 114 May'05 102 "9238 Sale gu g 4s 1949 109 , 1021a, A&N W 1st gug OS.. ..1941 ref 95 8434 92 102 10434 98«8 95 86 112 1926 Scab & Roa 1st 5s Sher Shr <fc So See M K & T Sil Sp Oca & G See Atl Coast L 1924 J-J Bod Bay <fc ao Isl g 58 Bo Car & Ga See Southern Bo Pac Co— RR 1st ref 4s.l955 Coll tr g 4'-28. 1905 Gold 4s (Cent Pac coU).A;1949 Cent Pac Isl 10212 86 103 8634 Sale 102 1U3 98 110 105 12 110 10 L 89 J J - J J 12 J'ly'()4 110=8 11 11-23^ '.2 34 Deo '04 100 14 100 14 12712 Feb '02 "9'5ia 105 S; gu g 4ias..l943 97 J-J J-J M-N M-S 116 110 120 I2OI2 May'06 130 Uni N J RR & C Co See Pa RK Utah Central *ee Rio Gr Wes Utah & North 6ee Un Pacihc ' J-D J-D J-J J-J Feb'Oo I2II2 109 11 138 . 114 114iall7 114iall4ia 9734 97 II6I4II6I8 114 llli«112ia 21 122 9834 16 120i4l28\ 20 95 lOlH Apr '05 II5I4 II514 111 May'04 . 112 Api'05 9612 95 12 95 H 94»4 9412 94 H. 9334 102 1113s 111^ 1141a 116"* . . . 95=8 941a 91 14 92 8334 96=8 26\ 9178Ma7'05 84 84 98 14 May'O 113 Ai)r'0 95I4 Jau '0 IO6I2 160 1 1061. 106 12 Sale 106 106 12 IO6I4 121 Sale 121 102 14 1251a 119 S. Sale 951.1 116 J'ly'OO Nov' 04 121 94 J-D 1161a 12314127 108 Is May'05 123 Feb'02 110 Dec'04 114 Jan'05 II412 II4I2 12112 95 Sale . 11612 114 11912 114 112 112=8 961a 98 108 111 May'05 112'8J'iy04 . 981a 11534 lis lllisApr'OS . 110 A-O F-A J-J 126" 12634 1167g 116 112=8 Jan'05 1'22 107 t J-D J-D M-N M-N May'05 98 95>8 1221a 116 12314125 106'2Nov'04 Tol St L& Wpr lien g3i2S. 1925 J-J 60-year gold 48 1950 A-O 1911 Registered 1911 Ore Ry & Nav eon g 4s. 1946 Ore Short Line l8tg68.. 1922 1st consol g 58 1946 Guar refund 48 1929 Registered 1929 Utah & Nor 1st 78 1908 Gold 5s 1926 98 100 117121171a 11534 117 1935 J-D Ist lien convert 48 961a 99 118 11834 Maro5 114 126 122 101 58.. .1935 A-O 113 J-J J-J 16 11712120141 May'05 May'05 117 . 12238. LaDivBLlstg 5s WMinW<feNWlstg-u5s'30 F-A Tol & O C 1st g 6s 1935 J-J Tar Ham & BnS Ist g 4s. A1946 I jaSJ»a- & Del Ist con g 5s 1928 ^J Ist refund g 4s 1952 Un Pae RR <fe 1 gi- g 4s ...1947 Registered 1947 H< 100 111 ' li2 ivih. 108 12 1081a 11412 II412 9734 May'05 1161* Mar'05 lieig. 2000 J-D 92OOO Mar 1931 J. J Mist gug 4s.... 1990 A-O T0IP& Wist gold 48.. ..1917 J-J IO8I2 Mar'o5 120 12014 110 B'ob'Ol 97 12 J'iie'05 11834 11 834 II6I2 116ig -D Kancfc 10818X09=8 108 1091a Oct 9 SI 34 May'05 117'2 .Mill '05 9812 Mar'05 9012 Deo '04 II3I4II4 911a 108 14 ii'iiiiis"" 1.J 97 12 101 101 88 106 10918 10938 102 14 IO214 '04 II212 Feb '05 96 A-O Gen refund s f g4s 1953 J-J 101 St L M Bge Ter gu g 6s. 1930 A-O Ill Tex & N O See So Pae Co General gold 5s 'Ji Mar'05 103 9734 I 1st gold 68 '01 11412 Dec'U4 119 Feb'ii4 108 ig 1081s 109 12 Feb 00 115 117-'4 ' 2dgoldinc5s an I02I4 lMar'o5 I04I2 Deo '04 11834 99=8 SyraBing&NY SeeDLcfeW 'er A of St L let g 4128..1939 A-O X Ist con gold 58 1894-1944 PA Tex&Pao Sep '04 J 10;) 'V Jan'O.") J-J J-J J-J J-J J-J J Dec '04 IO8I4 Apr'O-T M-S . mail Ao Low High Nov-04 May' 05 S93g 90 Sale J-J J-J Nor 1st g 68.1939 J-J 1st Since. January 1 Sale 110^. 1231^ 108 13734 Apr'Oo 102 102 125i2J'ne'05 II9I4 II91-. 3 9618 9618 91 II012 112 951a 981a 95 91 8578 91^9 86=9 83 971a 98 14 112 113 95>4 9514 10434 1081a 103 la 10614 11278 1381a U63g 13734 102 104 „ 124 1271a II712 120 . 96 1« 981a 112 l)ec'03 1141a Apr '02 Utiea & Black R See N Y Cent Vandalla consol g 48 1955 F-A 104 104 14 Registered 1955 F-A Val Ind & See Mo P Ver irginia Mid See South Rv Va & Southw't Ist gu 58.2003 J-J 112 115 1939 M-N 11712 Sale Wabash Ist gold 5s 109 12 2d gold 5s 1939 F-A 93 '6 Debenture series A 1939 J-J 78 J-J Sale Series B 1939 1st Uen equip s fd g 5s. .1921 M-S 102 1st lien 50 yr g term 4s. 1954 J-J Del & Ch Ext 1st g 58. .1941 J-J Ill lllSk 99 12 Dea Moin Div Ist g 4s. .1939 J-J 80 18 8534 Om Div 1st g 3128 1941 A-O 97 Tol&ChDiv 1st g 48. ..1941 M-S St Chas Bridge 1st g 68.1908 A-O 91 Wab Pitts Term Ist g 4s.19,t4 J-D 2d gold 4s 39 la 1954 J-D Warren iSec Del Lac & West Wash Cent See Nor Pac Wash O & See Southern West M aryland lstg4s...l952.4.-0 88 12 Sale WeslN Y& Pa Isl g 5s. .1937 J-J 1191* Side Gen gold 3.4s 9712 1943 A-O May'05 IO416IO414 no Mar'05 117 109 II712 IO712IIO 20 116 119'a 7 107 1121a 90 90 40 66 12 8434 1 102 103 92 92 10934 112 104 le W 108 W Registered <fc Ry Western Div Ist g Cent St XiOuis So ctts.1989 Ist g 4s Bt L. S 2d g 4s luo bond ctl8...i)1989 1932 Consol gold 48 Gray's PtTerl St gug 5s 1947 Pacihc Dul See Nor Bt Paul & & Man 2d 6s... 1909 St Paul 1933 Ist consol gold 6s Registered 1933 Reduced to gold 4 "28.-1933 1933 Registered 1910 Dakota ext gold 6s 1937 Mont ext Ist gold 4s 1937 Registered dlv 1st g 5s.. 1908 E Minn Ist 194» Nor Div Islgold 4s A-O 1936 M-N F-A J-J Guar stamped Spok Falls 1906 10314 11434 J -J WOifcW Istey gu4s..l924 West NO let con g 6s. .1914 S & N Ala -See L & N MP 1st g 58. .1947 Refunding g 4s May'05 96 J-J , 10334 May'04 , * 122 106 113 101 J-J Knox <fe Ohio Ist g 6s. ..1925 J-J 126S.128 Rich & Dan con g 6s 1915 J-J 116 '8 Sale Deb 5s stamped 1927 A-O 11034 93 12 Rich & Meek 1st g 4s. ..1948 M-N So Car & Ga Ist g 5s. ...1919 M-N *108 la 111 Virginia Mid ser C 6s.. .1916 M-S Series D 4-5s 1921 M-S 110 SeriesE5s 1926 M-S 11212 General 63 1936 M-N 1141311514 P RR cons g 4s. .'96 Southw Div Div Ist g4i2-58... 1996 1951 St Louis div 1st g 48 1918 Ala Cen R 1st g 6s Atl & Danv 1st g 4s 1948 2d 4s 1948 Atl& Yad 1st g guar 48.1940 1916 Col & Greenv 1st 68 ET Va& Ga Div g58..1930 Con Ist gold 5s 1956 E Ten reor lien g 5s 1938 Ga Pac Ry 1st g 6s 1922 N Y Cent L K C & N See Wabasli StLMBr i'eeT RR AotStL St Ii & S Fran 2d g 68 01 B 1906 Stlj<b S F Jan 109 Mar'05 106 Vj.... 75 7612 75'4Mar'06 92 .... 89 Jan '05 Rutland Ist eon g 4k!8 1941 Rut-Canad Ist gu g 48... 1949 Tus & H iS'ee Pere Mara Sag tJo&Gr Isl Ist g 48. ..1947 St Law & Adiron 1st g 58.1990 1996 2d gold 6s St Li & Cairo See Mob & Ohio St St 116 10338 10234 100 >4 Sale Mob & Ohio coll trs 43.. 193.S Mem 117 12 120 May'05 116 , Sale Ask Low l^id *129'?8 1994 J-J Registered J'ly'97 100 Registered Jersey Cent coll Rensselaer & Sar See D <fe H Eich & Dan See Sontli Ry Rich & Meek 6«€ Southern est See Den & Rio Gr Rio Gr Rio Gr Juno 1st gu g 5s. ..1939 1940 RlogrSo l8lgoid4s 1940 Guaranteed '01 Mar'05 120 98 121 lie 103 Oct A-O A-O 100=8 A-O 10234 A-O 111'2 A-O lllia M-N 113 1905-. .1937 M-N 10818 Sale Stamped SPacotNMexlstg6s..l911 J-J io2i-2"!;;; 190;") F-A Tex&N O 1st 7s 1912 M-S Ill 113 Sabine Div l8tg6s 1943 J-J 111 1131^ Con gold 5s 1994 J -J 1^038 SaUt Soutliern— Ist cong 5s 112^2 Dec'02 118'2 1997 g 4s.. .1951 Pitts Nov'97 120 . IO912. & & 119 la 123 112 114 lo 114 116 H; May'O.'i 137 121 & Rome Wat & Og May'05 May'05 Apr '02 Peun Co Pitts Ft 1922 Pitts June Pitts & L Erie 2d g 5s...al928 Y See N Y Can Pitts McKees Pitts Sli <fe L K 1st g 5a... 1940 1943 1st consol gold 5s West See B & O Pitts Pitts Y & Ash 1st eon 58.1927 1997 Keading Co gen g 4s Roch 112^4 A& 123iel23i8 '05 &T lst78.19]S 1920 1st gold 6s 1907 Cal Ist gu ot No g 6s 1938 Guaranteed gold 5a Ore & Cal 1st guar g 5s. 1927 A Passlstgug4s.l943 S So P ol Argul.stg 6s...cl909 cl910 1st guar g6s S P of Callst g 6s ser B.1905 Ist g 6s series C<fe D...190G 1st g 68 series E& F...19r-' 1912 1st gold 6s 1937 1st con guar g 5s J'ly'Ol II914 Apr'04 129 Pine Creek leg guar 6s... 1932 Pitts CiD & bt Li See Peiin Co Pitts Cleve <fc Tol See B & O Ch Jan 114 113 Phil B & Phila & Ki 123 1« 101 109 120 Friday June y Va.oCo--( Continue a Morgan's La ir6iaSep"'04 . 100 1st consol frolilus .•-loutheni Range Week's Range or Last Sale I^-ice STOCK EXCHANGE Week Endino June 9 N. Y. . 110 t<1921 Pereilarq— 01i& "S^ 107^8 101 >fc 2i1 ?iolfl4'-2a Week's Kanye or Last Sale 2387 4 iiOMift pj-jce Friday June 9 Hid tctitumea) & W 1st s 4s. .1943 Lewis 1st g 4s. ..1930 Sim V 2y J KK & Can gen 4s. 1944 Fdusacola & Atl See h & Mash iPeo & East Hee C C C & St L Peo & Pek Uu 1st g Os....l921 Phila Bal —Concluded—Page 10614 90 72 103 109 Feb '05 7312 103 92 Apr '05 112 May05 97 Nov'Oj 88 Apr'Oo 97 May'05 I{)9i2Mar'03 90" 8 9m. 38 86 Si 23 49 88 12 34 1191*. 1 38 88^9 981s 95 9513 4579 90''6 35 W Income 5s West No Car dVJi.i Nov 27 South Ry VaCentife P Isl g 6s. .1911 J-J II212 Wheel'g & L E Ist g 5s. ..1926 A-O 112 '2 114" Wheel Div 1st gold os..l928 J-J rll4l4 Exten <fe Imp gold 5s. ..1930 F-A RR 1st consol 4s 1949 M-S "94 Sale 20-ycar equip s 1 5s ...1922 J -J 1021a Wilkes <fc East See Erie WU & Sioux F iSee St P & M Wis Cent oO-yi Ist gen 4s. 1949 J-J 9434 Sale W 88 1191 8 9634 40 May '0.3 94 8734 118 9534 1191a 9834 Mar'Ol jS'ee , 112 114^4 1141a 1141 4 94 102 May'O.T 9414 9434 Mar'05 May'05 Mar'05 94 14 Jan'05 111 112 II4I4 11434 114131141a 113 18 92 102 114^^ 951a 102 M 40 901a 94'» ,M1SCI:M,A1NE0U« BO.NU.S—CohcIuiUmI. ninjiula.ctiiring t&: IniluNtrial Con Tobacco registered 4sl9ol Distil Sec Cor conv Ist g 58-'27 l)istiU ol Amer coll tr g 5a. 1911 Int Paper Co Ist con g 6s. 1918 Consol conv s f g 5s 1935 Int St Pump lo-yr conv. 6s '13 Knicker IcefChicJ 1st g5s.'28 Lackaw Steel 1st g os 1923 f g Co 1 St g 6s 1 920 at Starch M N Nat Starch Co s i deb 5s.. 1925 Stan Rope<feTl3tg S...1946 Income gold 5s 1946 V S LeathCo sf deb g68.. 1913 US Kealty& I conv deb gSs '24 U S Steel Corp 10-60 Registered Va-Car Chem yros.d'o;-; Miscellaneous F-A A-O 85i4Dec'04 79 J-J F-A J-J J-J 79 12 78 Li 99 Sep '03 Sale 109 10912 IO912 IO912 9434 Sale 94-'4 9413 10512 105 May'06 9812 Feb '05 A-O A-O M-N 106 12 105i8Jne'O5 86 88 86 59 59 581-i.... 105 J-J 64I2MHV05 F-A 4 ' M-N J.J M-N April 1963 M-N col tr 58 g..l912 A-O 109 110 lOlWiSale 93 .Sale 101 "a 92I4 9338 Sale *lio price Friday; latest bid and asked, a May'05 110 4 110 Due Jan IOII2 931s 92 '8 933* 99 Tg May'05 6 Due Feb 70 771a 8212 Adams Ex col tr g48 1948 M-S 104 AmDk<fcImp5s i'ee Cent N J Am 8S Co of W Vag5s B'kl'n FerryColslconsg5s'48 F-A 110 Chic JCifc St Yard colgos.1915 J-J 95 Idgr incomes. .1911 A-O 10234 105 12 DelM <fc Hoboken L <fe I gold 58.. .1910 .M-N 98 98 10434 108 -Mad Sq Garden Ist g 58. .1919 M-N Man Bch H&Lgeng48..1940 M-N 17 85 93 69 70 Newp Ne Ship <fe D D 5sdl990 J-J 3 42 12 59 14 N Y Dock 50-yr 1st g 4s. .1951 F-A II4 Provident Loan Soc4i28.1921 M-S 8 2 108 12 11218 St Joseph Stk Yds 1st 4 I28.I93O J-J 26 93 103*2 St L Ter Cupples Stat'n * Prop 981, 790 92 Co lstg4i2S 5-20 year.. 1917 J-D 2 92 14 9734 S Yuba Wat Co con g 68.. 1923 J-J 9938 101 12 Sp Val Wat Works Ist 68. 1906 M-S US Red&Ref I8tafg6e.l931 Ist 8fg6e. 1931 .... 15 108 •3 8 e Sale 1920 M-N 104 103 104 10034 J'no'02 48 74' M O712 55 • May'05 -;-. 5o 105 14 . — 58 74 Apr'05 50 Feb '02 711a 80 96 la 9615 100 Mar'05 941s 98 96=8 100 101 la. 112 96 96ia .. 107=4 Nov'04 J'l3r'04 llSHiJ'ly'OO 96 96ifl 961a Dae Mar d Dae Apr ADueJ'ly /cDueAag oDaeOot pCaeKor {Daoi>«« 2U 88'b 97 «Opttoa«aIi« 42 1 . CHICAGO STOCK EXCHANG-E—Stock Monday Tuesday June 6' June 6 June 3 Friday June y Thursday June 8 Wednesday June 7 . Record-Daily, Weekly and Yearly STOCKS—man EST and lowest sale prices Saturday b .. STOCKS Sales CHICAGO STOCK oy the Mange tor Year Sange for ireviou* Year (1904) 1905 Week EXCHANGE Lowest Shares Highest Lowest Highest Kailroaiis *...... 190 190 "703^' 72" 190 • 190 "7'l"»«"73»i "66" 'Vi" "4":r'^ "4'334 "iih "43»4 "44 i^ •23 65 . *22 65 25 65 "66 '^"6934 6834 "•iv^'W •28 Hi '.'.'.'.'.'. 45 •28 lOOHilOO'^ 45 * Feb 1 "6"Max28 "734 Jan 6 Jan 180 100 199 5 & 25 65 25 "u *64»a W S Elev..lOO pref 100 Metropot 12 Do May 45 Feb 72 2 Mar 190 Aug "e'sep "8 Sep 27 "Not Not 155 igigApr 8 24 Jan 31 53 Mar31 73'aJ'ne 5 7 AprlH IS'sFeb 3 30 Aprl8 51 Feb 2 30 Jan 9 44'^J'ue 2 82 la Jan 4 8siiaMayl2 102 20 Jan 18 25'aJ'ne f 325 59 la Jan 10 66 Mario 60 May31 99 Feb 2 "650 21 May 23 241-2 Jan 1" 90 60 Mar27 66 Jau 5 457 90 ig May 17 97i4Mar20 28 Feb 24 29i4Jan 4 "476 97 Feb 3 I0314 .Mar21 '(. "93"'"9'3"' *28 ' 100 100 May'05 North Chic Street. ... 100 22^2 2-2 'v •211a 22 V2 Northwestern Elev..l00 60 60 HO 60 Do pref 100 •92 93 94 \ South Slrte Elev 93 100 LastSale VS'-j May'05 Streets WStable C 1, 100 1003910034 lOOSg 101 Do pret 100 May'05 West Clue street Last Salt ^5 100 '''2i'h 10034 10034 *40 CityRy May'Oi. I>o pret 100 7134 Chicago Subway 70 41 100 3i',628 739 May'05 Chic Union Tract.... 100 30 Apr'Oj Do pref 100 '4234 43'-, Kans City Ry Ll ..100 2'i76 *88 88-', 80. Do pref 100 LastSale 60 •gi'i^"!:;: 100% 10038 43 S8 24 Wj 24 V 641a 05 65 22i^"22"ii •40 71'.. 43 88 '88""88"' 88 *64'a "22" "22" •*28ii!""' 'Last 'sale 6 Chic Consol Tra.0 Chic Pass Ry May"o'5 Chic & Oak Park LastSale LastSale 88 65 Mar'or. Chic LastSale JO •6 •44*" LattSale 196 23 4 Feb 27 la May 28 ^ )ei80 14 N'^ov 15 Mar 41 Mar 65 Mar 15 Jan 44 Apr 90 Mar 28 Jan 1 No^ Not Deo Nov 15 45 31 8'i 26 Sep 68 Oct 88 Sep 26 '4 Not 67 "a Not 98 la Not 34 Oct »2i2Apr 103 J'n« 38 Apr 561a Sep 3 Miacellnneons AJUs-Chalmers 100 Do 100 100 100 100 100 100 100 100 100 100 pret "i6'78"ni; "11" "1114 •Yiii"!!"'^ "uH "ii'^ American Can 68 '-2 GS^ Do pref 6634 67 68 Sj 69 68=8 66'w 68 63 14 *>2l8 •82 >« •82 >€ LastSale S:'^ May'Ou Amer Radiator ^•^9 '129 •129 *129 Do pret.. 130 130 Amer ShipbUi;.' 55 56 55 55 Hi 55'a o5^ •5434 obh i67;"ii"i; 67 67 •129 55 5534 10411 104"-, Last Sale "i..... 40 •'.'".'.'."id' 110 60 • •62 *52 60 •10 ''.'.'.'.'.'."id" •I!"" * < "34 -^* *6'2 97 *6h '155 '155 46 134 97 138 •15 • 1H5 97 •52 "io"I"II[ -lo"';!"!; •155 110 60 •52 134 97 138 134 4(3 LastSale 110 60 LastSa^t Last Salt 97 13834 139 97 13834 139 138 138 •96 139 -96 •^96 97 LastSale "19" "20" Sale LastSale Last Sale Lakt Sale Last Sale LastSale 'Last ...... ...... LaitSaie 60 oo" 60 "l)0'ii"6'i'K <6J. • 117^4 02 118 02 * 01 61 117 03 117 63 117 117 116 116 116 97 139 66\ &.'.^i 117 Last Salt ioi"ioi" 9'J lo 35 '4 • KONUS JUNE 106 1st gold 5s /il920 Income us Metr W Side El Extension g i\n No J-J A-O 104 F-A 97 la A-O 100 J-J J-J J-J 7^3, .\I-N .M-S .M-S 106 'a 107 J-D M-N A-O tb8'4 J-J t97ia. OKden Gas 5» 194;-, ,\I-N Pearsous-Taft 58 1916 J-D ;i9'2i, C 97 F L&G Refunding g 5h Chic Gas Lt&C CoiiHunicrs' Gas 'i'oi?! a 19! F-A J-D !ll93i; M-N 4'-2S..lllHv os. 11)00 J-J .' 1 104 105 'a interest muK 94 70 90 90 95 90 A-O t be 62 1.2 Do a<lde<l to all 'J/oi'i 1*"C., l')0.». lu l>'''ce'*; "'> S'llos pref stock i)t 80 110 Woven Wire Fence Do pref Jau Feb 1 '4 Not 8 Feb 1731a Not J'ly H6 Nov May "i'is 167 95 "T'i "'iK Unit'd Box Bd& P ColOO 2,320 Januctri/ Miyli Do 100 loo pref Western Stone 50 A'o. Low Bankers National Calumet National Chicago City Chicago National Chicago Savings Commercial National. JJigh Feb '05 103 104 62 66 May'05 80 Apr'04 lil3i8l0ti-2 104 10434 Foreman Bros B'k'gCo Fort Dearborn Nat 80 68 Feb 20 52 20 7 la Nov 9 Aug Apr 51 134 'A Oct" F>;1> I4 Jan Deo Jau Jau 20 Nov 25 Sep 36 Jan 581a Dec 99 la Jan llOiaNov 25i4Mar 40i2Dec 95 Jan 120 Sep Apr"b "98»8Feb lioi^Nov Jan "99^8 Apr 11 6 VI Nov 3534 J'ne 47iaJan 75 J'ne 87 Nov " Apr 7 AprlO 7 '-i Oct 10=8 Deo 34 J'ly Jan Nov Apr 3 Ui-iApr 3 7 J'ly 338 2034 Feb 15 38 12 April 14 Sep 25 la Dec 7 .S:ivui^s i iVo h Duo July. Hunt, 11 I iiuuiiles Hi»i)oi,il ill 2,000,000 100,000 200,000 1,000,000 .iil,065,!i62 500,000 2,000,000 3,000,000 50,000 3,000,000 200,000 600,000 8,000,000 100,000 500,000 1, (00 ,000 500,000 fc65,3i4 1.7 '2,123 1,000,000 100,000 200,000 250,000 2,000,000 1,000,000 50,000 50,000 '4 .te '•2 97g.Xan 23 fc Continental National.. Cook Co Slate Savings Corn Exchange Nat... Drexel State Drovers Dep National First National FirstNat Enjilewood.. 'V Nov'O-i I'nut 1 12" Mayi9 2 la OutstandStir plus & ing In Fronts Stock 1903 1 iMay'Oo this ilay. ibo" Fe0 25 114 46 Jan 25 86 661-2 Jan 4 97 1,125 NAME 99131111 103 '4 103-4 73 79 H'lrst 11034' 77 •921q Apr '05 '1 534 .-^pr J'ne 42 Jan 25 6534 Apr "3 Jan 5 120 'a Mar Ui Jau25 67 Apr2tj Jan 5 118 May31 20 'ibs" 10 35 ioi^Dec 50 Jan 7334 Mari!2 "206 "9958 May 18 5 9y»8"' May'bo People's Gas L<fe C'kelOO PuUmanCo 100 St Louis Nat St'k YdslOO 10 '.2 41 39:1 May'05 Page 534 Hamilton Nailonal 106 '2 108 14 Hibernian B'k'y Ass'n 98'.^ 98 90 9734 98 Home Savinirs. 100'8Feb'05 100«sl007b Mauulacturers Bank.. 98 May'Oo 98 Milwaukee Ave Slate. 97 9734 J'ne'06 97 '4 98 'v Nat Bank of Republic. 16 May'06 National Live Stock... 16 16 94 14 94 94 14 961a North Side State sav..| 88 '4 87^8 86 90 "a Oakland National 98 Muy'O: Peoples Trust & sav .. 95 100 99 14 Prairie National 96 May'OJ 94 Praine State 90 90 Pullman Loan & Sav.. 95 90 94 94 19 93 '4 95 '< South Chicago Savings 90 May'05 961-2 State Bank of Chicago. 88 Slock Vards Savings .. 99'<4 14 99 99 'f. Union Bank 991a 9934 09<4 991a 9934 Union Slock Vds Stale 100 Apr'05 99 "a 100 10034 Apr '05 loo 100''4 Amer Trust <fe Savgs 12334 Apr'05 12334 12334 Central Trust Co (! Ill 106 106 lOoialoy'B Ciiizens' Tr & Sav Bk. 108 '4 J'ue'05 107'4 108 colonial Trust <fc Sa v. 107 Muy'05 106 'a 107 la Drovers Trust d; Sav.. 103 J'ne'05 102 >4 104'8 liqiiitable Trust Co 10234 .VlHy'05 102 'a 103' Fi^derul Trust & Sav.. 106 '4 May'Oo 105 107 First Trust ifc Savings 114 Nov'04 Illinois Trust ifc Sav 81 J'ly '04 lackson Trust <fc Sav 88 Nov'04 Kenwood Trifc Savings 94 94 "a Merchants' L'liifeTrCo 94 100 70 May'04 Metropolitan Trit Sav 90 Feb '05 90 Northeru Trust Co Bk 80 7915 2h 791a 90'^8 Itoyal Trust Co 80 90 May05 90 97 Union Trust Co 100 J an '04 VVeBtern Trust <fe Siiv. GhicaKo bo nd price 8. Woodlawii TrtfeSav Bk wore inade on Due J une. c Due AprU. 143 114 100 100 100 National Carbon 200,000 250,000 250,000 300,000 200,000 1,000,000 250,000 Dividend Mecorel In Per1904 ioel Last Faid 0;, q-j Xpv '05, 8+5 12+3 J-J Jan Q-J .Vpr '05, 4 '05, 3 'V2 Q-J Apr '05, •05, '05, '05, '05. '05, '06, '05, 13 15 l,423,;-:4:i '12' 5,6i)7 8 6 8 6 3,561,208 12 12 16,-.;74 6 6 1,'232,53U 226,-14 6 "s' 155,784 1 i 10 ,589 264,022 952,610 1,302,9611 6,033 49,535 7,801 59,590 73,721 ' (V 6 15 ' "6" j'-j 10 6 3,000,000 2,000,000 1,969,687 6 tll6,361 1 J-J Q-J 3 I'a 3 3 3 J-J ^.J Apr 8 Q-J Apr 5 Jan Q-J Apr . -,^00,000 viileuil of price Frid iiy; latest pnoe tins week. fc Capital and uurplos to be increased. 12,98^1 3,61 7,53 J 257,7.18 1,684.022 Uegan Jan 12 6 8 6 447,335 577,970 187.170 6 20,000 Began 3, 12 6 8 6 6 May I, 30 '9 .looUreJ Aus'. 10, 1901. •05, 2 '05, '05, I '05, I'a '05, 2 '05, 1 . QJ 200,01)0 5 1 191 Q-J Apr Q-J \pr 7 4 '05, I'a '05, '05, .M ay •(5, Jau '05, A.\)V '05, Apr '05, Jan •05, Jan '05, 1138 6 3 4 12+3 6 3 2 3 3 lia 2 3 Jan J-J Jan QP "6 Began Alayl, New Bank 23,501 Apr Apr Jau Q-J Apr "8" 29,906 607,524 85,786 .\l)r .\pr 6 New Bank 8 -•Vpr Jan 8' 6 "ti" 170,i>13 11,48)5 Q-J Q-J Q-J Q-J J-J 1112 627,2.;7 141,8il6 l,04t),404 ti 8 8 12 10 6+4 Priv ate Ba uk 274,1192 6,113,755 106,769 '200,000 '200,000 3,000,000 750,000 1,000,000 500,000 1,000,000 1,000,000 2 2',i,01() 143,38jS •J(I0,1)0( New b ank Q-J \pr 5 200,000 5 101,477 .\pr 4S,0!)4 6 200,000 6 8 M-S ,M iir 500,000 8 450,000 2,000,000 .Merged Wj IlAlU. Trust & Siiv. 1,000,000 098,075 16 12+4 Q-J Apr 4,000,000 5,941), 191 250,000 50,675 '•2 U'ld .M-S cl963 M-N lUoif ' 103 "i 102-<4 1031a A-O 1911 M-X lis r. 1 I. uue ucc."!,V'' 31. . '.'.'.'.'.. loOij 107 ly4:. M-N Consol >; Ss "West Div CityRy Sale 100 'a 123 '4 106 108 1924 J-J lyi4 J-J West'rn stone Co i).'20 Oct 17 100 "699 54 '•2 991a 9934 Sale A-O \Wj.i^ Note.— Accnie<l 94 1947 .M-S 1st 5s.. 1937 J-J Ist 58. .1936 J-D M 'a. 89 'a 90 100 -b 1st 5s pref OOia National Biscuit 117 Do pret '•2 100 i\I-N l8t68.194;i South Side Elev 4 \n 8wi!t<fe Co IstK 5s Union El (Loop) 58 Union Pa<itic couv 48 U S BrewiiiK Un U S Steel Corp 2d 58 West Chic 1st 5s Tunnel Debcnl .VI Do Feb 15 63 '44'aMar27 "46"M'ay"."i 2 Jan 30 2 Jan 30 106'a J'ue'05 9434 Sale 87'8lsale P-A M-N E Jan IOI4N0T J'ly 12334 '-2 M asonic Temple Since Apr'04 0'l'-2 Apr'Oo 60 104 la 10314 Apr'05 Sale 104 101 102 98 Feb '04 100 'f 10034 Nov'04 Chic City btRy 4'-28.1927 M-N North West'n El lat 48. ..1911 .M-S 4-lUs B B B 4'408 Series 4-008 Series 4'808 Series People's Gas 101 103 104 103 103 1938 J-J 19O0 J.J lOOi) J-J vs.n A-O l8t 08 1st 5s Rerunilini? g 38 Janlii 57 Mar..O 98 1« Jan 17 1051a Mar2 7 "38".Ian "4 "46" Jan "4 105 Marl 7 106 May 2 55 Apr 20 62 Apr 15 148 la Feb 23 150 Marl^ 120 10 Jan 5 10 Jan 5 10 "ll"Feb"6 "l9"Mar24' MU& Chic Brew's Mange J-J F-A '04 . J-D 1st 4s....llio8 Nov'04 or 104 Feb •is Nordi Chic St Deo 64 '4 Deo 40 791a Deo 115i4-ian 123 H Sep 19 J'ne 40 "a Dec 82 Aug !»4i4 0ct 183 Mar 198 May 33 No 40 Nov 10034 Mar 110 Feb 52 Feb 62 Aug Chicago Banks and Trust Comnanies J-D l')25 JO Last Sale V)9ia. 1 Chic Auditorium Ist 5s. ..1929 Cliic Dock Co lst4s 1929 Chic Equit Gas 6s 1905 Chic* Mil Elec Ry 5s ....191!) Chic Pneum Tool Ist 58 .al921 Chic Rock I & Pac RR 4s. 200 Coiliit Trust ft 5s 1913 Commonwealth Elect 58.bl94:i IlUnoia Tunnel Ss .. 1928 Kans City Ry & Lt Co 5s. 1913 Knickerb'cker Ice Ist 58.1928 Lake street El Ist 03 192h Mange Ask Low Bid 1 . May05 Week's I'rice 9 Hoard of Trade 48 ...1927 Consol Br & .Vllt 6s ( 'onsol Trac 4 1-2S 1939 Edison debent Os 1913 May'Oo J " Friday June y Amer Biscuit 6s 1910 P-A Amer Strawboard Ist 6s. .19 J-J J-J Cass Ave & F G (St L) 5s. 19 Chic Chic Chic Chic 121^ Jan Mai Mar 147 "a Nov 95 Apr 6 10534 Mar 6 86 Keii 10-: Oct 363 134 la Feb 1 14238 Apr 15 120 la Feb 142 la Nov 3 la •Mai 121a Dec 15 10 Jan 4 11 la Jau 16 64 Apr 14 71 Jan 16 3812 Mar 76 la Deo 100 Illinois Brick UecptslOO Do pref Rpcpts.. 100 Kans City Stock Yds. 100 Knickerbocker Ice. ..100 100 Do pret London & Chic Contr Manufacturers' Fuel Bond Record CHICAGO STOCK EXCH'GE h.VDIXO Dec 46 "'i^'i"'i% 9'8 10 10 35 9'8 36 Cliica2:o WEKK "ii4"'i34 "'i'^"'i\ 1014 35^., .9 80 93 93 36 S^aJau 3134 7b Trust... 100 108 14 -Swift c& Co 100 77 Tlie Quaker Oats Co. 100 93 Do pref 100 Un Stock YdscSo Om)100 'Las't'saLe W'^e" Dec'b'4 Union Baa & P Co ... 100 Do pref 100 'l6i'^'\Qi'^ -77 ii:—{7; * 108" lbs" 108" ibs" lovi^ibs'" 78 78 79 J'ne'04 eCa •115 116 1? 117 62 la •116 <fe Diamond Match /i"""Mar'b5 Apr '05 7? la OII4 00^8 •52 Chic Title May'05 ii^'2 II714II714 '4 62\ 0234 Last Sale 7H 92 ' t;entral Trust Bank. .100 •16" ."I."] Last Salt 10 Feb '05 Chicago Auditorium •34 *\ 1 1 ChieBrew'jjcfeMalt'g.... "ib'b 34J'ne 2 1 Jan 18 1 Jan '05 LastSale 7 Do pref "H^ 7 Jan 20 7 Jan 20 7 •155 156 Last Salt 155 May'05 Chic Edison 153 Jan 25 172 Feb20 140 100 *45 45 >2 46 40 Chic PneumaticTool.lOO "'227 32 Jan 7 52 "a Marl 6 18 '133 135 *)33 135 Chic Teleplioue m'33 135 100 VZ5 May 4 143iaFebl7 115 -is" "26" 60 20 "914 Feb "9 14 ""^ Apr 2 5 60 Jan 25 7311 Apr 2^= 76 Jan 24 82i«May 9 125 Feb 21 130 Mar20 ',' 96*2 lieHjliBH ""•Iv 1,400 Do pref..; /y5"".M»y'b'4 AmerTdc S Bank 40 Apr '05 Booth (A) <fe Co W6 Apr'Oo Do pret 55 Apr '05 Cal & Chic Canal & DlOO 651a * i',450 1,77;. '05, II4 '05, li-j '05, 4 Bank '05, 3 i')b Q-J Ai)r '05, J-J Jau '05, :i '05, 2 •05, ;i yj Apr F-A Feb Q-J \pr 190 '05, ;: 1 ^ — . June ^ TBA-NSAOTIONS WEEKLY AND TEAELY ^ Wtek miding Stock* / Bailroad State o s Bonds Bonds <te Bonds Par value Shares 50 Log<fe jTuesday .... [Wednesday. fTbarsday... Friday $20,887,450 60,444.800 45,016,000 30,331,900 24,613,300 17.302,300 .$759,500 .f465.."i00 1,746,000 791.500 2.051.6110 5il8.600 1,502.500 2.342.500 1,569.600 771,400 1,454,500 1,060.000 i WabV l8t6s'25.J-D $3,000 "4,606 97 40 50 103 105 35 35 110 no6 Newark Gas 68 1944. Q-J <136 Newark Con.sol Gas.. 100 92 S-D nil HCon g58 1948 No Hudson L H & Pow 111 *9,961.600 2,069,074 $188,595,750 Total ';, $5,141,400 $7,000 ;*T- Week ending June 9 Sales at ,Sev) York Stock Exchanye — 1 to June 9 1905 1904 .1905 2.069,074 Stocka JM o. shares $133,595,750 Par value f' ^ank January 1904 23 76 Pat & 105 11 Cong 58 1949. ...M-S 98 .St Joseph Gas 5s 1937. J -J i J-L) 1926 Pas Ga8& EleclOO 128,416.897 47,525,753 1,106.009 $97,572,650 $11,972,800,775 $4,416,799,675 $7,700 $446,200 $322,200 $7,000 5,141,400 9.961,600 $25,000 261.000 9,695,000 $257,400 71.422,300 448,985,900 $430,400 273,237,500 15,110,000 $9,981,000 $520,665,600 $274,234,400 shares, par.. BONDS Qovernment bonds State bonds RB. and mis. bonds Total bonds :- .+ 56ii,500 DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA Tclevr tfe Telephone ^AmerTelegife Cable 100 llCentral & So Amer. 100 Commer Un Tel (N Y).25 Emp & Bay State Tel 100 114 lus, Jane 9 iyo6 share'' Satuiday 12,976 15,654 13,60J 10,452 9,733 8,136 Monday Tuesday [Wednesday . Thursday Friday 70,560 Total ' Unlisted shares Bond lAsUd sales shares $196,500 57,364 $78,000 9 1 ,500 112,800 90,100 92,700 96,600 12,120 28.763 9,971 43,129 49.843 35,427 37,669 22,157 13,484 $18,500 21,500 33,000 27,500 41.000 55,000 8,709 15,591 16,364 8,o04 5.608 2,788 8,-,»06 11,613 4,510 NY <fe p" Weekly Review of Outside Market will be found on a preceding page. Ask Bid NEW YORK CITY Ful F atk 100 33 Bleeck St<fc 95 h 1Jl8tmorl4s 1950 ..J-J lB'y& 7th Aveslk ..100 243 104 I U2dmori 6s 1914 ...J-J Con 58 1943 See Stock Exch 5 B'waySurf l8t58gTi 1924 U08 2d 68 int as rental 1905 i 99'-j ilCent'l Crosst'n stk..lOO 340 r UlstM 68 1922 ...M-N ill! .llCen Pk N <fe E K stk.lOO 205 175 !ffChr't'r<fe 10th St stk 100 Col<& 9th Ave 5s See Stock Exch . Dry D E B & s— fllst gold 5s 1932... J-D |. llscrlp 5s ? 1914 ....F-A Eighth Avenue 8t...l00 TlScrip 68 1914 ....F-A 1l42d<fcQrStF'ystk..lOO fl , M & St N AV..100 TJlstmort 68 1910 .M-S '' lt2d income 68 1915 J-J inter borough KapTr.lOO iLex Av & Pav F 5s See St 'Hetropol Securities .See Jletropol Street Ry i&'ee Klnth Avenue stock. 100 JBecond Avenue stocklOO TTIlstmort 58 1909 M-N :i2d St )- list 110 101 360 121 2V0 185 Ust 114 100 385 103 400 60 107 80 203 k Exc Stk E Stk K 185 205 116 102 400 no3 104 116 178 106 108 Conaol5s 1948.... F-A ill5 ^[Slxth Avenue stock 100 170 Sou Boulev 6s 1945. .J-J no2 fio Fer Ist 5s 1919. ..A-O H05 Third Avenue See Stock Kxcli P & M 6s 1928 noo Tarry Yker8StiiR58l946A-0 J106 88th & 29th Sts Ist 58 '96 ill2'-i lITwenty-Th'd St stk 100 398 100 J-J Deb 6s 1906 Union Ky Islos 1942 F-A nio '- Westchest Ist 5s '43 J-J HIO '• W i:- 36 98 260 107 410 70 109 86 204 list X list X list 192 no list 108 ,' ' 114 416 101 112'2 113 BEOOKLYN Atlan .. <' Ave 58 1909. .A-O no2 103 H: 114 A-O 113 Con 5s g 1931 Impt 5s See Stock Exc list BB& li W E 6s 1933. .A-O 100 Brooklyn City slock... 10 238 Con 6s See stock Excli BklnCrossln 58 ly08.J-J Bku Hgtslst5s 1941 A-O BklnQCo&Sub lOlHi 241 list 102 104 105 TlLouisv St5sl930..J&J Lynn& Bos 1st 5s •24.J-D New Orl Rys Co (w 1) 100 Preferred (w i) 100 N 1st 58 New'k Pas Ry 68 '30J-J Rapid Tran St Ry..lOO Ist 58 1921 A-O J C Hob & Patersou 1 00 48 g 1949 M-N So J Gas El & Trac 100 Gug58 1953 No Hud CoBy68'14J-J 5s 1928 J-J Ext 6s 1924 M-N Pat City con 6s '31.J-D 2d 68... .1914 opt A-O So Side El (Chic) See C Syracuse Rap Tr 58 1946 Trent P & H 5s 1943J-D United Rys of SIL— Com vol tr ctt's 100 100 H Preferred Uen 48 1934 See Stk MS ' N 68 1944 1st 4s 1951 75 110 A-O See St k 113 Exc h Wb'g&Flatlstex4i2S 101 Steinway Isl 6s iy22.J-J U19 list lOi 121 OTHER CITIES S3 ai3'2 114 255 26 J7634 127 «103 a «105 ^124 }100 liioago pays accrued interest. 30 80^1 107 130 155 109 loo M-N 97 106 N Consumers' L H J 165 6 Exch Price par share. J list list 36^4 85 106 t Preferred Isl 24 34 M-S 105 1922 62 90 1st pref erred 2d preferred Hoboken Land<fe 76 1910 Houston Oil h 4I2 100 100 20 M-N a 02 2 Imploo 200 1i5s 2 100 loO Preferred Hud.son Really 24 110 155 nlernat'lBankingCol 00 10 3b Merc Marine. 100 26 Preferred loo 76 Col tr deb 4 '2l922op'o7 23 International Salt 100 60 1st g 5s 1951 7 International Silver. 100 47 Preferred 100 aooiii Ist 68 1948 J-D Lanstou Monotype 20 f I5^<i. Lawyers .Mori lusur.lOO 185 1 Int'n'l 77 93 1093. 95 27 95 36 100 Co.. 100 100 Hernng-Hall-MarviulOO lOti 1-2 6.S Ill 101 60 96 31 IlLeh Lord & Wilkesh & Taylor 35 109 Si 102 '4 140 Coal.5ii 100 100 HLorillard (P) pref ...100 Mack IV Companies ..100 Preferred 212 106 88 15 5 8 20 ^94 85 12 Preferred Ist g 5s June 1 '22. J-D Hecker-Joues-Jew'l ivlill 38-s 72 20 100 Madison Sq Garden. .100 2d 68 1919 M-N UManhatt Beach Co. 100 Manhattan Trauait 20 5 5 109 92 70 y-^ •23. Mex Nat 7 Construe. pflo6 Coal.. 50 70 Preferred 50 1623, Mont<& Boston Consol .5 2621-2 Mortgage Bond Co... 100 36 Mosler Safe Co 100 77 Nat Bank of Cuba 100 10 Monongahela R N Y Transportation... 20 Illiacel 100 loo Am Ice Securit's (w 1)100 Debenture 6s i Am Malting 68 19 U.JAmerican Marble 100 Ist conv g 5s 1914 .M-S American Nickel lu 108 150 17<) 112 97 Press Assoc'n.lOO 2 Foun com. .100 63 Ist preferred 100 9 2d preferred 100 American Surety 50 190 Am Tobacco (new) com.. 275 Fretd See Stock Exch u 100 177',. list 97 325 128 48 62 104 112 Exch 48 and 68 SeeStk Typelo'rs com... 100 Preferred 100 Amer Writing Preferred 5s 1919 35 98 Paper. 100 loo > Nor Am Lum'r PulplOO HOntano Silver 100 Otis Elevator com 100 85j ol t 5 Copper 29112 "•16" I2714 •6<l\- 76 103 140 130 400 146 112 5 t 3 t 7 I18 Casualty Co of America.. 140 Celliiloul Co 100 125 15 Ceiit Fireworks com. 100 67 Preferred lod 3 '4 Central Foundry lou 18 Preferreil 100 75 Deb 6s 1919 op 'OlM-N Century Realty 100 163 Cuesebrough .Mfg Co 100 440 13 1^ Chic & North West rights 105 City luvestiug Co... 11Ciatlin(H B)com 100 106 96 lilst ])reierred 100 100 100 i;2d preferred Colo Industrial. See Stoc k Ex 65 Ool & Hock Coal& i pf 100 J-J i 85 1st gSs 1917 1 Compressed Air Co... 100 10 ConsolidCar Heating 100 CO Ex rights. xEx dlv fNew stock. 11 IV^ Preferred 2 49 lu4 100 Phoenix Mining 1 Pittsburg Brewing.. ..50 t 4C t 2£-'4 H5W Preferred 50 Pittsburg Coal See Stock E.s.ch 6 Pope Manufacturing. loo 74 Isl preferred 100 21 "d preferred ll'O 94 Pratt <fc Whitn pref.. 100 100 13 Really Assoc (Bklyn)lOO 155 105 Royal Bak Powd pref.lOO 108 bl 4 Russell & Erwin 25 68 Safety Car Heat & Lt 100 250 630 12 Singer Mfg Co loo 25 200 Standard (JouplercomlOO 285 Preferred luu 120 list 7S Standard Milling Co. 100 29 list Preferred 160 76 39 5s 100 Standard Oil of J.. 100 605 5 Storage Power 50 1.9 Swift & Co See Boston St K Exc 87 lat 5s 1910-1914.. ..J.J i 102 1-2 30 23 Tennessee Copper 25 75 2hi llTexas & Pacihc Coal 100 1st 6s 1908 A-O ao5 Title Ins Co of N Y..100 190 130 121-2 311^ Tonapah (Nevada). 1 17 80 TrenlouPolteries couilOO 93 Preferre(t new 100 150 Trow Directory new.. 100 145 Union Copper lu 410 87 Union Typewr com. .100 150 lat preferred loo 116 110 2d preferred loo 116 7I4 U. S. Casualty lOu 200 100 ''la U S Cotton Duck 17 150 U S Envelope com. ..loo 85 130 100 % Preferreil 20 U S Leather uew (w 1) 1 00 40 71 Preferred new (w i)100 loOKI >•.. I N I 28 87 J-J Camden Land 90 101 i^^ Am Soda Am 128 75 69 128 99 24>2 25 76 74 li)4 102 94 t liBarney ifc Sm Car ...100 100 11 Preferred Bethl'm Steel Corp. ..100 Preferred 1 00 CoU.tr. g.s.f. 68 1914.... Bliss Company com 50 Preferred 50 Boud& MlgGuar 100 Borden's Cond Milk.. 100 Preferred 100 112 124 67 11 68 126 95 Amer BaUlomero Mining 115 7 t Preferred 100 American Chicle Co. .100 Arizona Con MiQing...50 112 100 Sale price, a and Preferred 3018 81 Brooklyn Union Gas deb Os 1909 conv '07. ..M-S Buttalo City Gas slockl 00 Isl 5s 1947 See Stock 7 68 City stamped 100 Northern Securities.. 100 162 260 Stubs Pitts Bess & L E 50 t 32 Preferred 50 t 73 Nat Ena<fc Stamp SeeStk Exch Seaboard Air Line 101 Coll tr 5s 1907 op... M-S 100 National Surety loo 126 25I2 IINew Central Coal 42 247, New common (w i). 20 81 83 New 1st pref (w 1) N Y Biscuit 6s 1911. M.S 105 175 50 51 N Y Mtge & Security . 1 00 New 2d pief (w 1) 22 UNew York Dock Va & South western., loo 50 100 UPreferred 100 Alliance Realty iist ^16 i i Con mtg g 58 1930.J&J Income 08 1930 Fort Worth <fe Denver British 87 103 t HackonsackMeailowslOO Hackensack Water Co Uef g 4s 52 op 12. ..J-J Hall Signal Co loo Havaua Commercial. 100 94 40 Chic Peo & St L pref.lOO Deposited stock XJndeposited slock. Prior aen g 4 '2a'30M<feS Amer Bank Note Co. 50 American Can com.. .100 OTHF.tt CITIES Light <fe Tract. 100 Preferred 100 Bay State Gas 50 liiugliamton Gas 5s 1938 Con.sol Gold...ltJ Greeiie Gold-Silver.... 10 Preferred II <fe ..100 ^2 <fc Cent Union Gas 1st 5a... «108 110 Con Gaa (N Y) stk. See St k Exc h list Conv deb 6s ctfs SeeStk Exch list TlMutual Gas 100 295 300 com U09 « 109 N J 1st 5a 1946. JJ ao6 Industi-ial 90 90 "v 88 12 89 40 80 New Amsterdam Gas— 1st cousol 08 1948. .J-J illO\ N Y & East River Gas— 1st 5s 1944 J-J ilVi Consol 5s 1945 J-J nio N Y Riclimond Gaa.lOO 35 Nor Un 1st os 1927. M-N H05 5 . Gaa Securities NEW YOEK Cousol Gas of Isl 5s 1936 1 '-4 ao7-% 109 <103 I4 ^ t 100 100 "a I'll 17 22 . 77 128 104 12 iiogi^ Buffalo Street lly— J-J «95 1 8t consol 5s 1 9 31 . . F-A ni3 <& Pow— lU'i, Deb Os 1917 A.O «105 107 J-D nio OS 1938 Chicago City Hj 50 1 95 See C hicago list liDetroit City Gas Columbus (O) St Ry..lOO Elizabeth Gas Lt Co.. 100 270 II0I2 V Prelorred loo I'Jssex <fc Hudson Gas 100 127 Colum Ry con 63 See Ph Ua list 40 Fort Wayne 6s 1926. .J -J Crosst'vm lst5s'33.J-D 108 Gas& El Bergen Co.. 100 68 ©rand Rapids Ry 100 Grand Kayids Gas S8 Preferred 100 89 Ijlst 58 1915 F-A 5101 j^ake St (Chic) El Hudson Co Gas See C hicago list 100 110 < Buyer HS"., no9 Exch UnitRysSanFran SeeStk Exch Wash Ry & El Co.. ..100 36 Amer Exch Ust 98 ilT^ 78 Preferred 100 48 1951 J-D HWest Chicago St ....100 UCoug OS 1936.. ..M-JS Greene Raili'oad II §97 29 M-N <fe So Blykn Ferry&St Transp 1st 5s lOOoM-N loth <fe 23d Sts Ferry 100 1st mort 5s 1919... J-D TJUnion Ferry stock .100 M-N Hist 6s 1920 70 J-D no8i2 109 1933 Co. Elevated— Ist 48 1949 6ee Stock 100 Nassau Elec pre! Kings 69 1909 optional M-N Nortli J ersey St Ry 100 1st 48 1948 M-N Cons Tiac of J. ..100 llStandard Gas 11 Preferred lat 6s 1930 : 112', 36^4 37', 7836 793r 29014 91 ctfs 2% to 6% perpet Coll trust 5s gold notes 171 128 VtfeHobcon 5s'46.J-U Hob Fy Ist 58 1946 .VI-N nio New4'28 (w i) North Clue Street ,S'ee C hicago list Pub Serv Corp of N JlOO 115 120 Stk Kxcli list Stk Exch list Bklyn Kap Tran D Coney Is. & Bklyn ..100 325 100 99 Isl cons g 4s 1948.. J-J J BrkC& N 5s 1939.J-J 113 115 '06 100 F-A Ist 5s Sti&New Or Gr'pt &Lorimer St 1st 6s 102 .See 6'ee Bid Ask ni2'2 11315 Tr 90 168 125 80 102 312 stk. 100 1st 5s 1922 's 16 'a 21 I 105 72 91 1911.J-J E R Ferry 39 80 33 72 t "s's" 55 Brooklyn Ferry stocklOO B& NYlst68 103 42 35 Preferred 6.;ii2 60 General Chemical ..100 104 la UPreferred 100 102 8 Ga & Teiin Copper 5 3, a Gold Hill Copper 1 Greene Con Cop See Boat Stock Exch Ferry Companies NY Street Kailtrays 126' 25 .V Outside Securities Street Itailways 121 84 N Y<fe A Empire Steel 93 127 100 $561,700 75,883 201,70i« 100 Companies Preferred 6s of 1896 righta... Diamond Match Co.loO lag's 10 Dominion Securities. lOO 7 Douglaa Copper 6 90 120 115 80 47 UniteaElectricofNJlOO J-D 48 1949 sales 61 101 & Hudson Havana Tobacco NY& y El L&PowColOO Bond Unlisted shares 25 100 loo 11 Chicago Edison Co See C hicago list IlKingsCo El L<feP Co 100 178 1»5 Narragan (Prov) El Co 50 1100 103 Philadelphia Boston Listed Atlantic 25 & Atlantic 25 Electric :r- Week ending & Pacific HSouthern EXCHANGES V Y&N J Teleph....00 North western Teleg. 50 II Del 1905 Hudson RiverTeleph lOO UN 23 II 100 100 Franklin HGoldcfc Stock 2 Debenture 4s Cons Storage BatterylOt) Cramps" Sli & En BldglOO Ill's Electric Boat 100 Preferred 100 Electric Lead Reduc'n.50 Preferred 50 Electric Velucle 1 Oo 78 Preferred .100 l(i6 Electro-Pneutn'ic Tran 1 o 1st 68 534 Consol Rubber Tire. .100 Cuban 93 3 .100 16 67 100 HCracible Steel UPreferred 137 A-O illO 58 1938 UO&IndCNatcfc Bia ConsRy Ltg&Befrig.lOO 101 95 30 26 .Ylincei com .100 UPreferred 81 100 100 lILaclede Gaa 100 liPreferred Liafay'eGaslat 6s'24.M.N Madison Gaa 6s 1926. A-O 246.891 652,8 i8 486.460 326,310 271,633 185,923 jSatorday ... flionday .... 25 35 62 75 V2 104 105 50 A-O and TlCons Firew'ks A-O Ist g 58 1952 Jackson Gas Co osg 1937 Kansas City Gaa STOCK EXCUANGB Industrial Ask Bid M.M Ist 68 1908 Indianapolis Gas NEW TOBK AT THE i)AILT. lyua 2389 Gati Securitien Indiana Nat & lU Gas— Business at Stock Exchanges of — O THK CHRONICLE. 10. 1905.] ^Volume — Sells "i. t Mm New 3 JJ 78 167 4S0 OS (w t 9812 1) U S Steel Corporationi-j 13% 107'-. 110 99 Col tr sf 58 '51 opt '11 .. Coltrsf 5s '51 not opt.. U S Tit Gu& ludem.lOO Universal FireExt'r.lOO Universal Tobacco. ..100 Preferred 100 Westchester Title list 80 92 1 & Mort ai2 ai2 124 6 & Bronx Guar Co. Westingh Air Brake.. 50 While Knob Min (wi).. Preferred (w i) Worthing Pump pref. 100 1 168 142 1.2 2*4 119 05 on Slock Exchange, but not a very active security 5 5 4 BOSTON STOCK EX0H4NGE-Stock Share Saturday June 3 — Sot I'rices Per Centnm Prices STOCKS Thursday June 8 Wednesday June 7 Tuesday June 6 JUonday June 5 7914 •79 79 Vz 79 h •79S8 7978 102 S, 'lOlSeHjl'e 101 12 10134 101 '2 101 12 *254i2.... *254ia---254 4 255 254'i2254S; 254>2255 156 157 156 157 157 157 . Itl^ 157 157 241 .... '241 .... •211 Last Sale •241 172^4 172 173 173 173 172 -4 172 14 172-4 I72I4 * 79Vj 79\2 I BO'S SQis • 101Vil02>s * 10112 ' *307 30 30 •7(3 lHh lo •168 *rJ5 170 •18712 143 *12.-> 308 SO *76 169 *125 '187>2 *187Ja 307 *29 *76 170 143 *75 •75 •91 77-'. 170 3118 307 30 -29 170 143 *'.n 185 *16 17 58 59 *19i2 20^! 185 •le'^i-.- *58 59 *l'.)ia 21i>s 200 •208 "-J * *78 •58 '15 2C0 200 200 209 V! 99 79 209 209 99 79 78 *15 53 •98 ySh 12lial23 I'S-i^ •98 96M 97 •116 .... •98 1221a 98'-, 1 17 oS'n 59 *19i^4 23 14 *98 98' 97 116 97 14 116 20I4 200 200 .... 53 *16 Boston & Albany Boston Elevated Boston* Lowell Boston & Maine 29 7512 77 Do Lowest lOU 100 100 100 100 100 pref 169 t a;125 f8i2 May20 9338 Mar 9 13 40 99 12 Jan 25 104 la Mar 9 30 254 Jan 3 261 Apr 4 150 zlSl Jan 25 15812 Apr 2 8 ^241 May26 249 Man 6 185 12 MaiT4 29i i;172 J'ne 171 Jan 6 175 Apr 8 4 iOo Jan 18 310 .4Lpr25 60 I3I2 Jan 17 35 ilar22 60 63 12 Jan 17 82 lo .A.i)rl3 462 150 Jan 13 182 MarK' 15 124 Jan 9 132 Feb s '2 97 97 II6I4II6I4 IS .b' 23 '4 •SB's 89 v 23 >4 • 41^ *4^4 5 *132 13938 139 32 Hi is2 'i^ 3^4 120 139 33 334 20^4 245 •1934 *57b 245 173i,j 173 4319 44 •8334 84 84 •190 191 190 IS «ll4 ' "Ihe 412 434 23 14 "412 5 23 12 24 139 ^ 33 If *l^ 3-'4 120 iUiscellaiicoiM 233b 2338 2338 S9 89 89 5 '4 •13 230 234 9^4 •IO712IO8 * 23 *25'2 3 *2Si 106>-^107 85 85 81^8 32 ( •9 107 *25ii *2Hj ' 139 '4 141 139 33 33 30 32 102 IO2I4 IOII2 101 7s 334 334 4*8 334 4 119 120 119 120 119 120 1934 5 243 173 44 84 191 •4334 83^8 8378 9'4 lOS 23 245 •173 44 8378 *2^ 3 107 14 86 86^4 31^8 32 Iha 13 230 108 3 912 87 32 434 434 II9I4 5 78 57g 189 1'2 137 14 92 923fe •50 19 •50 17^4 99 98'-^ •50 •GO •81 *90 «3'2 95 3^4 334 334 23 '4 2278 ai^a 23'* 841* •9 n^ 10 -1^4 13< l»s •75 •75 ••50 *'50 14 14 29 615 20 20 •B 7 ••45 -50 . 21534 *-50 8\ 8'4 •605 14 29'4 •55 ••50 . 85 92 334 •9 f- *83 *88 22^4 81»a 83 -. 26»8 26'fc 9288 93 '6 7014 13 •74 •2 71 13 76 2'; fc»8 5^4 24 1934 -6 •45 137 14 934 •J IO8I4 10j*l4 3 107 107 8518 8612 3134 32 4»4 610 92 hj 60 *81 •90 98 84 95 1134 88 771a 791.. 11^2 •9 1 •60 '•50 I312 13>2 *28'a *-50 29 •55 '•60 69 602 *73 75 13'4 *71 '"in. 2 *8>4 834 534 •8 2334 5 2012 24'-^ Vbi-I •6 1«°8 7 •45 5>a 23 518 18^4 70^2 0914 13'4 13'4 70 73 8-2 5»8 2379 20 20-V 20 20 "t; 6 '8 8*8 8 8 Hi 8 ••75 •90 '•75 •85 •85 ••75 12''8 12^4 12 '2 12^8 I212 "4 12 6012 60^8 •60 50 51 00 3 '4 •3 '8 3I4 ••ih, •319 •75 •75 1 ••75 1 1 25 93 •24 25 93 24 V; liie 87 *1»9 •1»8 7-'4 •108 97 1^8 •25 25 H. 92 '4 93 •24 24 >.^ l^ie l»ie 98 98 l-a 2 7-'^ 111 734 107 *2'2 8 '4 83, 24 »8 24 3i, 28^8 2U-, 10>B IV^ 43''4 44 'v 3 3 1014 10', 110 'I'V 110 2 2 7'h 110 •24 9134 •23 14 8 121a 4934 '8 •24 92 12I2 4934 3I4 1 24 92 '2 2378 1'8 9979 9978 1\ i% •713 2 7 '6 110 '"i" 98 *1«8 1 100 134 J 2 71a 712 105 115 3 •21a 3 3 19 •85 24 I's 109 5 Hi 2418 618 3 •50 i4 2oi2 ^60 818 838 HHi 2538 28 28 ^ •10'«8 44 3 10 'i 44 'i 3V •10 10'.^ 108 lUU'v 138 l\ •734 241s 8 8 2414 .2434 29 2 8 "a '4 10 43>a 44 3 3 934 108 8 25 29 29 la •lOie 10 I2 44 44 3 3 Vj '4 93, 108 OHi •108 fBeroro pay 'l of assoHS'ts callea In 1906. I's iL 797^ Feb'i'5 Amalgamated 25 25 29 81* 605 7118 14 73 70 14 *71 CK68I4 %V6 534 a;24 5 1939 8i« 2418 5 1938 8', LastSale 12 '4 50 •3l8 12 3I4 •75 1 24 24 9134 9434 LastSale ill6 i'4 100 *98 •lia •134 71a 134 2 '/la *105 0'4 109 8 2434 28 la 18 44 3 •yi2 no 2 81-2 534 534 2333 •434 2334 5 I834 I9I4 8 8 75 J ne'06 12-'8 *50 • 318 •85 231a 90 i4 12 I2 5i 31k •85 23 91 iv. J'ne'O.". *lll(j 98 *1"8 -134 71a II4 100 134 'J 71-2 105 •2'o 10 73 14 May'05 2 8 12 60 1* 13 73 14 2 '2 8I2 a '8 69 3 8 2538 2914 1012 44 14 3 IOI4 110 3 32^» 8 2438 2834 10 44 3 91a 108 *1>4 3 Mai'05 8 25 Amer Gold Dredging <& 5 Do pref., Elm River 100 12 I'raukiin 25 Granby Consolidated. 10 Greene Consolidated. 10 Guanajuato Cousoi.. 5 isle Royale (Copper). 25 26 Mass Consol 25 Mayflower 25 Michigan 25 Mohawk .Montana Coalcfc Coke 25 25 Old Colony 25 Old Dominion Osceola Parrott(Silv<fc Copp) 10 25 Phconix Consol 25 yuincy 25 Rhode Island Santa Ee(G old & Cop) 10 Sliaunon 10 Tainaraclc 25 Tecuinseh 25 Tennessee 25 25 Trinity 100 United Copper 293„ UnitcdState.s Mining 10 '2 Unit Stales Coal •fcOU 25 44 Ih Utah Cou (Gold) 5 3 12 Victoria 25 II2 112 132 2,2y4 137 55u 21 685 92I4 26 '25 MHr22 Deo Feb i56iaDeo Mai 242 la Not A\x^ 1751a Dec Apr 174 Oct Feb 303 12 Dec 23934 J'ne 254 j;137 230 158 166 295 J'ne 154 Oct J'ne 127 Dec J'ne 186 Nov 180 Apr 17 160 Apr I6212 Jan Feb 7 276 Jau 285 J'ne Mario 133 J'ne 142 Nov Mat 14 24I4 Jau 57 Dec 136 rl 10 la 165 lo 295 148 76 92 Mar24 73 Jau 88 Dec 185 .Mar 9 170 J'ne 175 Apr 23 .\pr 1 I4 Sep 24 Jan 7018 Mar30 52\ Oct 80 '-4 -Ian 5 Api 2314N0V 251a Mar 1 211 .-\l)r 17 lS5i2May 199 Oct 1073^ May25 159 Au 16312 Apr 233 May23 222 Jan 232 Apr 212 Apr 2 6 198 J'nt 207 Apr 102 Feb 14 74 J'ly SO lo Feb 87 Feb 6 68 Mai 7912NOT 72 Jan 19 29 Ang 73i4DeC 17 jMar2U 6578 j^pr 18 40 Jan 42 Feb IOOI4 Feb2i 87 I4 May '.'(SiJ'ly 1 137 i8 Feb '20 7138 Mai iii;78 Nov 101 -'s l<'eb20 86 14 Mar 97i4l>ec 175 Mar 2 160 Ma> 173 Nov 99 Mar2! 89 Jan 1J3 12 Dec II718 Apr 2 ^ 108 Jan 114 Dec 25 Feb 23 lOWJ-Iy 1 / F'eb 37i2J'iy 43ioDeo 147 Mar28 143 Dec 146 '2 Deo 1-2 2918 2^prl5 Mar 13 Feb 20 I2122 Apr '34 "a 71 J'an 312F'•eb 87 F•eb 17 2 122 la t b fan j\Iar 7 122i2J;i JNIay 4 140i« Mar Deo Deo 6 -'8 Nov 27 '2 f^op i.".2i4 1 i 1 Nov Nov May2.< 148 Jau 4 11914 F eb 1 49 14 Nov Jan 23 40-^8 Apr 18 F Bb 2 I '2 Nov 9 Jan o 09 Mar31 O8I2JJau 9434 Deo 43.^' J'ne 314 \larl:i Nov 4 Sep 3 iS'( 1,450 4 119 Mar 2 5 124 Jau 6 112 la JJau 12234 Deo 2478 19 17 Jau 24 Mario 714J 'ue 50 14 Nov 734 Jan 10 534 May 1 SiaJi Ian 7 la Dec 750 b'eb 265 Aug 42 45 May 2 6 257 -Vpr 6 230 F _ 191 Nov 82 16918 May2'z 191 Jau 17 alal J'ne 38 4534 44 Aug 6 May 12 6\i Dec 14 661 14 Jan 353 SOI4 Jan lo 88 14 .Mayl- 7734 Mai 8434 Oct 236 tlSSiia J'ne b 206 Apr 2 9 173 J'nt 200 Nov 2 234 Nov 1 Feb 6 1 * Apr 112 Jau 4 31 134 Feb 17 I40I4 Apr 27 118 Feb 141 Nov S 234 Jan 9 1 F"eb24 laOct 10 Jan 6 17 Jaulo 8 Oct 23 230 May23 25212 Feb 28 208 Mar 8I2 Jau 12 IOI4 Feb 23 6 12 Jan 10 73 106 Eeb24 114 Jan 5 j;9934 Mar 23 Jan 18 23 Jan l8 22 Dec 25 May 2 3 26I4 Jan 16 241a Oct 4 Jan 6 212 May25 2 Jan 199 103 Apr 29 116 Feb2u 95 Feb 9510 45i4Feb 6I34 Jan 3 Feb 17 264 678 30 14 May 8 39 Hi Feb 16 28 Jau 6 12 Ma) 30 1134 J'ne 8 14 Si Jan 16 100 "2 Jaulu 108 'a Apr b 77 Jau 6 4,995 4,904 350 30 16 755 3478 Jau 4 4434 Ayr 9878 Jau 5 11712 Apr 2478 May22 3812 Apr 91 May 2 '2 10478 Apr 18 40 MaroO 67 v Jan 20 22I2 Feb 6 171a Mayl7 971a Jan 24 104 Feb 8 84 Mayll 92 91 May 1 234 18 70 20 660 2,525 600 2.745 35 2 99 1 1 60 J'ne 2 Jan 4 17 243 J'ly Nov Nov 9 116 Oct 22 la J'ly 26 Not 5 Oct J'ne 113 61i2Deo 32 Oct 20 la Deo 103 Dec 1034 Feb 34 Nov Deo Dec 51'8M») 95 la Deo •50 Apr •7o Jan 4OI2 Jan 99 838 May 33 6 J'ne la la 23 la Not Mai 101 76 Mar 9 7534 J'nt 93 Mar20 ^90i8Au^ 100 8 Jan 11 May25 Apr 24 24 Feb 23 Jau2i 89=a.\prl4 May 3 May 31 May 2 25 25 Jan 25 Mai 89i4Not Jan 104 14 Nov 64 88 I893i Mar2:) Jau 3 'J 3 4I4 Ai)rl.J 6 65 20 Jan 17 26 676 I30I4 May23 149 Sm. 25 Copper Range Con ColOO 20 Daly. West Dominion Coal 100 1238 Jan 5 3118 Apr 12 2 Jau 13 112 Feb 23 12 la May 2 2 1834 28 May 2 2 35 78 60 May 6 85 834 534 Jan 26 601 J'ne 7 695 Marl 3 Aprl Maris Aug 75 (i33ig 43 75 8 1533 25 7 78 Mai (21 Feb Mai Feb Feb Feb 8234 1 Deo Dee Jan Nov Not Dec Mar 14 Oct 2934 Not Not 3 •20 7 J'ly i'eb II3N0T 22I4N0T 19 Mai May 3834 •39 May 9 6 Feb 2 435 Mar 1 05 Oct J Not ISieNoT 77eNov Jan 700 Not Apr •25 Not 10 Marl8 •15 "795 16-% Mar22 26 Jan 4 d 14 12 Feb 1 3234 Not 8I2 Jan 111 10 May 678 J'ly 6 Mar 14 820 30 Mar24 •75 Ma) It •20 J'ly •75 Jan 7iaApi 14 Oct 12 Jau 3 1534 Jan 2li Feb 7413 Not 6,146 64 Jau 25 83 I2 Marl4 38 18 Aug 36 Jaa III2 15 1034 Feb Mar3i> 345 8634 J'Uf, 72 Jan 40 Marol 60 Jan lo 25 113 Jan lu 117 Mar25 103 J'ly 116 Not 314 Jau 1 4 Not 134 J'ne May2lj 15 7 J'ut 16 la Not Jaulo Api 29 121-2 70 6I2 -Mail Mai uiiieNoT 2»8 Jan 4 1,906 8,791 23 J'ne b 30 14 Apr 10 20 Oct 34 la Deo 714 .\prl8 •62 12 J''eb 5 Deo 3 Jan 4 1,250 I2 May 36 14 Not J anil 1,170 17 la Mtty23 28^'4 I2 13 9 78 Deo F'eb 1 1.1 3 Mar d May2(j 6 9bO il2 Janl. •45 2 Not J'ly •75 Mar29 153^ Mario 3i2J'J'<- 11 la Deo i',580 lOls Jan ly 560 48 May 1 560I4 Mar 9 34^8 Feb 67 la Not •.^'4 Jan 63, Aug Jan li 3 Apr I2 160 lia Jau 18 •50 J'ut 214N0V 310 •75 .May29 I2 29 14 Deo U '4 Feb 35u 23 I4 May 1 28 Jan L 950 88 Feb 9 103 I2 J\UuTi 53 F^ob 98 Not 30 Aprlv 2u34 Feb 33 la Nov 23 May 314 Janl ^•50 -"^ug 5 Nov 1 May22 305 80 Feb 125 Nov lu 95 May 4 118 Jau li 212 Feb 21 •50 Ma) 3 Not II4 May 1 112 3 J an 18 3 'a Not Pa J'nt I12 .May 8 66 9 1034 la Not Jau 3 Aufi 3 6 Feb 6 780 85 May 140 Not 3 101 May 23 140^ .Marl 4 3^6 Mario •25 J'ue 414N0T Fob 2 406 Jau I'.i 34 Nov 43 14 Deo 29 Feb2- 35 13. Mai 18 la Not 334 Feb 1 7:<8 Jau2(j r,'"7"3 6 Mar 6 Jdai 9 Mario 28 2VprL~ 3,100 33 'a -Vpr 1 18 Jau 2834 Deo 7,723 21 Jau 20 '.< i> 1 1 •'•8 .J '-a 51 3,12i 395 320 9I4 2Vpr 6 il>4 J Mar 4 MaylO 2 1)12 May22 45 Jau 120 3938 57 105 4 6 15 an 5 8 May 2 30 J 12 an 13 l'ob2l 2 5 Feb 16 69 278 Feb 21 50 la la an Jau J J'ne Feb Jau Feb 12J4 47 638 Not Not Not 13-'8NOT HO Not t3 Not 100 1% ,)'ne 6 25 Bidaudasiie<L JNewstocK. fAss'tpaid. tEx.rigUts. aEx-iUv..fc ngUtS. Wyandot Iloforo pay' t or aasosa' t8 called in 1904. I912 86 5 25 25 25 Bingham Con Min&S 50 Bonanza (Dev Co)... 10 BostonConC&G (rcts)£l 26 Calumet <fe Hecla 10 Catalpa (Silver) Centennial 25 25 Central Oil 10 Winona IO912 Wolverine 296 94 50 5,228 CopperlOO 43,255 Atlantic 14 •65 8i« '601 Last Sale 25 131a -2812 «*a Allouez 22 May'Oo Am Zinc Lead May'05 Anaconda li-j Arcadian J'iie'(J5 Arnold •55 604 2 la I9I4 8 9134 7034 1334 7II2 51a 2318 •75 78 '8 312 Mining Adventure Con Apr'O.i 15 "19" LastSale •I8I4 18 12 18^4 1834 Sale 7 Last May'05 6\ "50 •45 *-io •55 55 Cons Mercur Gold... LastSale 15^2, Jan '05 Continental Zinc 8I4 •75 241., 7976 Is *1 LastSale 60 602 8I4 6 5^8 31a 2134 '4 *\ •I312 281a '2 II4 100 Amer Pneu Serv 50 Do pref 50 Amer Sugar Relin 100 Do pref 100 Amer Telep & Teleg.lOO Amer Woolen 100 Do pref 100 Boston Land 10 Cumberl Telep & Tel 100 Dominion Iron & St East Boston Land EiUson Elec Ilium. ..100 General Electric 100 Mass'chusettsGasCoslOO Do pref 100 -M ergentlialer Lino .. 1 00 Mexican Telephone.. 10 100 N E Telephone pref 137 May'05 PlantCom t'st stli comlOO Ihe 16 Mar'05 Do pref 100 232 PuUmanCo 100 -9 934 Beece Button.Hole.. 10 10812 Swift €& Co 100 108 23 Jau '05 Torrington Class A.. 25 iS May'05 pref 25 Do May" 05 Union Cop L'd & Mg. 20 21a IO6I2 United Eruit 100 106 85 14 United Shoe Mach... 25 85 3134 25 Do pref 32 100 U S Leather Do pref 100 i6»S7g Apr '05 100 5.914 May'05 U S Rubber 100 Do pref 104 la 104 12 100 2618 26 14 U S Steel Corp Do pref 100 93 -8 93 \i •50 ^50 25 West End Land Z7I2 May'O West Telep & Teleg.lOO 100 Do pref 99 99 85 May'05 Westing El & Mfg. .. 50 92 50 Do pret 96 312 22 8378 137 LastSale 117 •2 2 •56 8^. 605 601 '^S '2 134 14 29 8ifl 31a 22 14 79 II4, Last Sale 11 Last Sale y Last Sale ^^514 •60 14 29 8I4 1814 *6 334 10 •1^ 1^4 92 92 23 - • Last Sale 22 78 Salt 84 9a 4 334 93 \ 60 *98 2234 81'e 72 5 -SL 267fc 9s'-,. 4 70>4 •1314 "*'2" 98 13 26iv 2G38 93»8 93 14 -60 ••50 1734 Last 2234 •45 1334 •50 1734 602 203^ 7 2618 921a 2634 9334 •50 -45 6 'ft 24:>t 2934 •55 838 610 "2 14 2534 189^2 li-v 23112 1134 26 57e 18912 Ia9i2 Last Sale Last Sale 25^4 2012 245 175 44 107 86 3134 32 106 b6 1403^ 32 I2 102 245 I73I2 173 I2 '1721^ •43 14 44 >4 4314 83 7g 8378 8378 23i 108 12 23 1351.2 II914 "1934 Last Sale Last Sale Last Sale 25''^ *2ia 102 24 133 '2 201.1 Last Sale Last Sale 230 91a 106'2 107 87 32 83 7(, 190 I3714 I3712 *13 *230 9-^4 *9 107 Hi IO712 23 1934 53, 133 '1^ 13514 140 14 *31ia 245 II4 1^4 *1>8 I3714 I3712 *lii« *"J5>^ 107 1934 5 '6 245 175 44 190 191 190 230 >2 578 78 245 173 245 173 1^< '4 Amer AgriciU Chem.lOO Do 5 22 22 139 14 139 12 32 32 IUII2 102 14 13934 20^4 'Hie *9 ' 434 137^4 138 •137>^4l38 •13 •231 5 1013, 101^4 119 '57fl 245 173 43 89 22 la 2212 89 89 iss" 133 Hi 13214 13212 13314 133 14 133 14 133 13412 135 12 135 135 133 I3314 134 134 lOlialOmi •119 •20 *22'2 24 89 89 24 24 24 133 * *23 89 Highest Lowest Jiighest 1<?. »208'i209>2 * 99 *78 79 •58 *15 53 93'2 •98 120^8123 *97i2 157 pref 173 May' 05 Do pref 309 Boston <fe Providence lot) Boston&Wor Eleo Co. 309 *28 Do 1., ;54i2 for I^evioul Year (1904) Week Shares UailroaUs 79=8 Atch Top <fe Santa FelOO 101 Sange lor Year 1905 the 167 CMC June Ky & U S Yl 00 125 .... Do pref 100 *187ia.... Last Sale /87i2 May'05 Con & Mont Class 4.. 100 1,S6 Jau 4 L6OI2 Jan 19 Last Sale ^6512 Api'O.T Conn & Pass Riv pref 100 Last Sale ay. Mai'05 Couuecticiit River... 100 285 Jan 12 '143 143 14 143 14 Fitcliburg pref 143 17 142 Jan 3 100 75 Last Sale 7-5 "a -May '05 (ia Ry <fe Klectric 59 I2 Jan! 6 100 *91 Last Sale yiis May'05 86 Jan 4 Do pref 100 25 175 Jan 24 Maine Central 100 8."> *16 I6I2 ilass Electric Cos 13 12 Feb 11 17 100 161a I6I1 *16 *58 58 -2 5812 55 14 Feb 11 59 59 59 100 Do pref 100 *VJ^ 20 12 Last Sale 7.934 May'O Mexican Central 1934 May 1 100 199 12 199I4 I99I4 N Y N H & Hart.... 100 199 200 200 243 l!15l4 i[ay23 Last 165 Jau ISi 16?^ May'i)5 -NTortliern N H 100 Last Sate 232 .Ian 24 Aiay'05 Norwich & Wor prof 100 j;207i4 20812 208 "a 20714 Old Colony 17 20512 Jau o 100 * 79 Jan 9 Last Sail yy 99 May'OB Pere Marquette 100 "29 78 Jan 4 '79 •79 78 78 Do pref 100 *50 Last Sale 58 50 Apr 13 6;) May'O Rutland pref 100 *15 Last Sal 17 15 Jan !:Mar'O Savannah Elec com. .100 * 53 Last Sale o4-^8 Apr'O.T Seattle Electric 50 Jan 5 100 *98 li 931-., Jau 98 98 98 98 9S H Do pref 100 12034 122 12134 122 '2 121=8 1221* Union Paoilic 100 5,837 113 Jan 6 *96i2 97 S 96 32 96 May 2 96 96'a 96'( Do pref 100 172 Jan 18 Last Sale 174 May'Uo Vermont* Mass 100 97 14 9714 97 14 97 97 9714 West End St 50 "120 93 Jan 3 116 116 7U 112 Jau 3 Do pref 50 1161a 11612 ll8 Jan 27 Last Sale Mar'05 Wisconsin Central. ..100 Last a t f 43 "i DtiC'04 Do pref 100 Last Sale 147 146 Mar20 Apr '05 WoicNash& Roch..lOU 169 169 *125 *143 *75 •91 173 or EXCHANGE J'ne'05 '4:1 Last Sale 174 '307 .... 30I2 771a 771V 77'2 7958 101 4 254 12 157 Range Sales BOSTON STOCK Pridav June 9 Weekly and Yearly Record, Daily, 5 June — jp • — BOSTON STOCK EXCH'GE Week Ending Jcne 9 J-J J-J 1907 Maine 4 '^s 1944 1906 Improvement 48 Bost<& Mon 3rt issue 7s... 1904 Terminal 1st 3^28.1947 Boston 1918 Bur & Mo Riv ex 6s 1918 Non-exempt 6s 1910 Sinking tund 4s 1917 Butte & Boston 1st 6s Cedar Rap & Mo H 1st 7s.l9H' 1909 2d 7s Lowell 4s Debenture 5s Denver Exten 4s Nebraska Exten 48 W 112 F-A n 105 F-A 96 14 Sale J-J J-J 107 A-O 100 .... 107 14 May'05 126 126 IO9I4 102iaApr'()5 101 98 Apr'05 109i2Mar'Oo 98 10234 Salt 10234 103i8Apr'05 10534 May'05 140^8 Apr'05 140 Apr'05 lolls 'ii 100 101 May'05 140 140 100^100% Monday 8334 102 83 8334 102 »1834 19 38 38 .... lOi 181a 18 *37'a 38 1.^ 5II4 2618 1138 »10 39 •103 6334 5II4 261.. || 8334 18-38 1838 371a 38 14 14 14 14 I4I4 • 83 101 12 102 102 51i« 26I4 51H 26=8 11% III4 113f 12 11 11 -oOia 51 26 2618 Ilia 10234 ll-a 102 19 102 I914 1912 38 38 38 la 38 14 14 42 "a 42 12 6718 411a She 8 681a 60 2518 471a •45 *43i4 SSia 92 9414 8»ie 28=6 26 47319471B16 •4614 46 4:31a 4414 90 67 1* 423^ 838 27 4818 46 44 5918 91=8 FUlLADIiLPH lA 6613l8 3 676i6 42 42=8 8=8 8i5ie 2734 27 4634 4734 *45 *44 60 93 Rid, American Cement 10 50 50 50 Cambria Iron Central Coal & Coke. 100 Preferred 100 50 Consol Trac Pitts Preferred 60 Diamond State Steel Preferred Easton Con Electric... 50 Klec Storage Batt 100 Preferred 100 germantown Pass 50 Harrison Bros pref . . . 100 Indianapolis St 100 Inter Sm Po w <fe Chem. 50 Amer Iron <& Steel BeU Telephone 46 61 94 7 684 5812 48^2 60' \W 11=8 6634 67 1« 4238 42=8 8iBia 918 27'a 28I4 46^8 477l6 *45i4 46 44I2 44 Preferred 102 19=8 i-j 501-2 Brotliers Little Schuylkill Iiit 10 50 MineMll & Schuyl H..50 Nesquehoning 50 N Haven Iron & 96 51 2018 263e 11=8 11=8 1134 E 4234 28 '4 27 47=8 4538 4718 4539 44 la 62 4414 9634 95 la -19 21 7512 76 9I4 la 6O34 4234 99 16 2818 471a 45% 441a 6034 9612 Bid Atk XOXh lOaia Berg&EBrw Ist 63'21 J-J 90 106 Bethle Steel 68 1998. Q-F 119>a 120 E & A 1st M & 58 1920 Peo Tr stk M-N tr ctfs Elm & WU Ist 6s '10. J-J Eq II Gas-L Ist g 58 1928 H <fe B Top con 5a '25 A-O Indianapolis Ry 48.1933 Interstate Rys— 3-312-48 1943 F.A Nav 4128 '14. Q-J Lehigh 15 12 61 66 151a RRs Gen 48 g 110 101 J-I) 106 PhUa Co (Pitts) pre!.. .50 Phil German & N orris. 50 47" Phila Traction 50 Eailways General 10 Susqueh Iron & Steel.. Tidewater Steel 10 Preferred 10 United N J RR <fe C. 100 TJnitPow & Trans 25 United Trac Pitts 50 Preferred 50 Warwick Iron <fc St eel. 10 West Jersey <fe SeaSh.50 Westmoreland Coal... 50 99 14 99 12 1^ 134 471a 11-2 4 71" 272 6OI2 ...„. 5 60 Bid and asked prices; no sales 63 -a 6414 107 '2 124 J-D 99% N Y Can 78 '06. J-D is Lowest 11138 103" 103 'la 10 103 105 1191 91 12 1111411114 Flat price. Weekly, Yearly Range lor Previous Year (1904) lor i'ear Highest M27I6 90 May 110 12 la Aprl3 Feb24 Apr 24 13 Mar Highest Lowest Jan 13 22 la Apr 11 35I2 Jan 11 40 Mar29 M M M , W U Trao Ind gen 58'19.J-J Un Bya Tr ctfs 48'49J&J 102 "2 103 74 10334 1161a 117 11034 lUia 105 "a 122 104 86 14 106 124 s 1 5s '97 J-J 5s 1930. J-D 861a 63 ex-dindend. Atlanta* Charlotte.. 100 160 155 Allan Coast Line RR. lOo 153 AtlanCoastL tCoun)100 390 391 Canton Co ...100 921a 95 Georgia Sou<fc Fla...lOO Ist pref 100 2d pref 100 G-B-S Brewing 100 Mt Vernon Cot Duck Unit Elec L & P pref. 50 30 97 Si 100 70 66 9 8 6 634 Bonds & Pot 5s Allan C L RR481952M-S Atl Coast L(Ct)ctf s 58 J-D Ctfs of indebl 4s Bait C Pass 1st 5s '11 Bait Fundg 5s. 1916 J-J M-N M-N Exchange 3 lys 1930 J-J Relunding 312S 1952J-J &P A-O Con 5s 1939 A-O Con 4s 1939 '17 M-N Penn Steel lat 5s 104 People's Tr tr certs 4a '43 V Co l.st& col tr 5s'49 MS llOia 111 Lowest Ij 12 10 lOTiallliia 9218 1197=8 10212 1021a 10534 IO6I4 Apr'05 and asked. 10318 100 lis lo9 1l933i, May 05 1021.2 Is 97 109 lyuo Ask Rid AO& Ch 1st 7. ..1907 J-J Consol 6a c 1905. ..Var Consol 5s o 1919. ..Var Penn & Md Steel con 6s. || Range 98 10412 10634 '.'.'.. Daily, 94 103 Nov'04 May'05 103 1« May'05 104 '4 104 12 IO414 104 S Jan '0."i 1191 ii'i" IIII4 Apr'05 the 1,875 90 PHILADELPHIA Anacostia Income 48 1939. ..M.N 94 No Penn Ist 4s '36. -M-N M-S Deben 6a 1905 Penn gen 68 ol910..Var 113 on this day. V.V.'. BALTIHUHiE Newark Paas con 53 1930 NY Ph & No 1st 48 '39 J-J 102 "4 Pa <fe 103" Inactive Stocks New Con Gas 5a 1948 J-D 99 Sale latest bid 25 110278 lOS^a 124^^ 1251-2 105'^ Mav'i 5 10234 Apr '03 240 83 250 99 920 16 Phil Elec gold trust ctfs Trust certifs 48 P & E gen 5 g '20.A.O Gen 48 g 1920. .A&O Ph & Read 2d 5s '33.A.O Con 7s 1911 J-D ConM 6a g 1911.... J-D Ex Imp 4a g '47. A-O ConM of '82 48 •37.J-J Terminal 6s g 1941. Q-F P & B col tr 4a '21.J-J Rochester Ry con os 1930 Welabach 1914. Q-F Gen Cons 4s ad-int ctfa. Leh V Trac lst4s'29.J.D 109 U Trao Pit gen M 412S g.l924.Q-F Con30l68 1923 Annuity 6s 104 FA 25 10334 10334 106 10614 102 Mai '02 99', 100 May'05 105=8 105 12 J'ne'05 107 Feb '03 1T120 J-J J-J J-J Shares M la 113 1001.. Leh V C Ist 5s g '33. .J-J 115 Leh V ext 48 lat 1948. J-D 2d 7a 1910 M-S II6I2 Steel. Apr '05 3 1-2 AmBysoonvSs Elec lOli^.i J-J M-N M-S M-N F-A M-S M-N 1021410211a 106 14 Feb'Uo 100 Dec '04 100 Dec '1)4 American Railways.... 50 39 48 Jan 3 54iiApr 4 Cambria Steel 50 2,336 2434May22 283g Febl7 Consol Lake Superiori.lOO 43gMay22 8^16 Jan 4 Do pref.t 100 8 May24 1534 Jan 4 Electric Co of America 10 2,066 10 la Jan 25 12=8 Feb 20 Gen Asphalt mterim otfs.. 32 10 Jan 9 1714 Jan27 Do pret interim ctfs.. 391 3834 J'ne 7 49 Jan 26 Lenigh Coal & Nav 102i4J'ne 2 lUisJan 3 50 Lehigh Valley 50 2,001 62 la Jan 9 70 Feb 25 MarsdenCo 100 ioo 3 J'ne 1 534 Jan 17 Pennsylvania RR 863 65i3ieMay22 7334 Marl3 50 Philadelp'a Co (Pittsb) 50 5,644 4034 Jan 25 48iaMar27 Philadelphia Electric 25 54,600 8 J'ne 5 12 Apr 27 Phila Rapid Transit?.. 50 37,713 1 1734 Jan 4 iSG Aprl7 Reading 50 81,51u 39=8 Jan 13 4934 Mar 9 Do 1st pref 11 45 May20 47 Feb 2 50 Do 2d pret 221 42 Jan 9 46i4Mar 9 50 Union Tracton 50 9.141 68'4Mar 9 63 Mayl9 United Gaa Impt 50 52,519 90 J'ne 5 12538 Apr 18 WelsbachCo 20 Feb 28 28 Jan 17 100 Bontia ext 78 1910 A-O 1911. J-D Atl city Ist 58 g '19. M-N Balls Ter lat 5a 1926. J-D Al Val 334 67 42^8 9=8 PHILADELPHIA 99 05 •% 106 1« 5712 Jan 86 Dec 71 J'ne 109 la Dec 7 J'ut 19^8 Nov 1334 J'ne 40 Nov 534 J'ne 15i4Dec Phiiatlelpliia *50 26I4 <fe North Pennsylvania.. 50 Penn Gas Coal 50 Pennsylvania Salt 50 Pennsylvania Steel. .100 Preferred 100 4533 44I4 1 10-134 100 Is Nov'04 120 12 ;:;ep '04 102 14 May'05 lis .MaN'04 74 May'05 25 Mar'05 1636 Xov'04 75 j'no'o:; 102 Aug'04 98 May'05 102 1-2 Dec '04 103 Au)i'04 IO4I4 J'ne'04 M0278 Jan '05 125 >2 Mar'05 103 ig Apr'uO .M-S 101 i-i 103 ; 100 IO712IO8I1J 122'ol25'>3 981^ 971.J 9434 93 103 105 Week Stocks see below) *83 100 84 102 102 50 -19 19 h2 Seaboard Air Line 100 38 14 3834 Do pret 100 "'1414 14-2 United Ry & Electric. 50 Choo&Mel8t58l949J-J 117 Ch Ok G gen 58 '19 J-J 109 Col St Ry Ist con 5s 1932 ConTracofN Jl8t53.'33 ioo" 50 Lake Superior Corp.. 100 28 47 14 62 95 6I34 611a 9414 939 "74" "76" F-A Sales Baltimore Consolidated Gas Northern Central *3ia 334 3 *67li8 673ie 6615l8 421a 1021-2 J-J J-J Friday 0/ (For Bonds and Inactive Priday June y Che<feDCanl8t58'16J-J KeystoneWatchCase.lOO * 501a *26 261-. 1133 Ask Keystone Telephone ..50 , 1'^ 501.2 501a 2614 inactive Stocks I 102 J-J J-J Exchanges— Stock Record, ACTIVE .STOCKS Thursday June 8 Wednesday June 7 No price Xo Low High 9SI4 98 14 May'05 93^2 941-2 93 I12 May '05 10334 1043^ 104 May'05 10434 10434 ll'4^4 t: " Hicili Mav'o5 "'9 lOllfllOllQ loo 100 102 12 107=8 J'ne'Oo 12234 123 7s. ..1912 1905 1905 1st 6s Old Colony gold 48 1924 Greg Ry & Nav con g 4s.. 1946 Oreg Sh Line 1st g 6s 1922 Repub VaUey 1st s 6s... 1919 Rutland Ist con gen 41-28, 1941 Rutland-Canadian 1st 4sl949 Savannah Elec 1st cons 5s.] 952 1930 Seattle Elec 1st g 5s Torrington 1st g 5s 1918 Union Pac BR <fe 1 gr g 48.1947 1911 Ist lieuconv 4s United P'ruitc.onvgen5a.l911 1963 U S Steel Corp 10-60 yr 5s. West End Street Ry 4a. ... 1915 Gold4i2S 1914 Gold debenture 4s 1916 Gold 48 1917 Western Teleph & Tel 58.1932 Wisconsin Cent 1st gen 4sl949 Wisconsin Valley 1st 7s.. 1909 price for all Boston Bonds. 10 12 *10 *10 12 12 11 11 '38 39 3334 3334 *3a 40 39 39 *103ial04i2 *103 1041a •10334 10 41* '10312 105 *104 105 62 63 14 6234 6234 63 63 6334 12 63 631a 631-j 631a 3 ' 103i8l03i8 10534 106 139 140S8 139 14011: 98 10138 98 101 39 105 6718 67810 . 100 Her Centum Prices Tuesday June 6 June 5 10212 10734 109 12 102'!8l03'v Philadelphia and Baltimore Stock Saturday June S 1261-2 126 lu8 108 '.J IO8I4IO9I4 "i I0318 10534 — Not S2 109i4Mar'02 112i4Jan'03 MS 108 123 M-N M-S M-S A-O N Y&N Eng 1st 7s 96=8 10618 108 9;ii2iooi4 Mar'05 10834 J-D A-O 1912 A-O Maro Hough <fe Ont 1st 6s. 1925 A-O Mexican Central cons 4s. .1911 J-J 99--is Is January 1 53 Or A-O 9934 101 100 A-O 128 '8 J'iie'04 A-O 100 12 ioi" 100=8 100=p Jan 1939 J'ly 1st cons inc 3s Jan 1939 J'ly •Jd cons inc 3s Mich Telep cons 5s tr rec.1929 J-J Jlinne Gen Elec con g 5s 1929 J-J New Eng Cot Yarn 5s 1929 FA 98 109 1906 A-O 101^8 New EngTelepk 6s 1013g 1907 A-O 103 6s 190S A-O 104 6s lOl'j 1915 A-O 58 951-2 108 101 , 9578 M-N J-D \^&\'".'.'.'. J-D A-O A-O i6i" '.'.".'.. A-O 97 98 100 . J'iie'04 ICO14 100 May'05 126I4 126^2 Miu '05 12534 126 Feb'05 J-J J.J 109 101 J-J Since or Last Sale Ask Low Rid 1910 deben 58 Non-convert rteben 5s. ..1913 1st Falls & Sioux C 7s.. 1917 la Kan Clin cfe Spr 1st 58... 1925 KauCFt S&GuU 1st 7s.. 1908 KanC Ft Scott cS; M 6s 1928 1934 Kan CM & B gen 4s 1934 Assented income 5s Kan C & M Ry & Br 1st 5sl929 Maine Cent cons 1st Cons Ist 4s Range tyidav June 9 Illinois Steel Range Week's Price BOSTON STOCK EXCH'GE Week Ending June 9 KanCStJo&C B 1st 7s. .1907 LR&FtSmldgr Ist7s...l905 •• - Note— Buyer pays accrued interest in addition to the purchase Hliare frices 97»|, Ids 1001.2 May'05 .... 100 106 "4 Dec '02 99^8 Apr'05 '"5 99^8 96I4 IOC's Wl-K Wl-S J-J 1921 Q-J Feb''04 Sep '04 May'05 10138 Apr'05 Wl-N GtNor CB&QcoUtr4sl921 iio" 94 lOS 102 ^ 104 1-2 94 14 97 3^ 'v 100 109 108 101 A-O M-S M-S M-S A-O A-O May'05 9934 100 '4 112^2 Dec '04 10234 Feb'05 10234 10234 9934 JMiu'(i5 99 Sj 9!)3, 100 J'ne'Ol 129" I.;:;; 129 J'ne'05 129 129 11134 11134 J'ne'Oo 11134 11 1-'^ 87 12 Sale 87112 89 '37 81 8934 J-D W 96^4 1 112 A-O M-N W 59 Mai'05 102 January 112i2Jan'03 J-J J-J J-J M 1 96 's 10218 Since Low Hiqk 99'f 104>i2Apr'00 117 Feb'(l4 99 7g Jan '02 101 Mar'03 M-N F-A B&S s t 4s lUinoia Div 312a Joint bonds See Gt Northern Chic Jc Ky & Stk Yds 5s .1915 Coll trust relunding g 481940 Oh Mil & St P Dub D 6s.. 1920 Ch <fe St P Wis V div 681920 Chic & No Mich 1st gu 5s. 1931 Mich gen 58 Chic cfc 1921 Concord <fe Mont cons 4s. .1920 Conn & Pass R Ist g 48.. .1943 Current River 1st 5s 1927 1st 4s... 1946 DetGr Rap<fe Coal Ist 1913 Dominion 6s 1906 Eastern Ist gold 6s 1915 ntchburg 4a 1927 4g rreint Elk*& Mo V 1st 6s." 1933 Unstamped 1st 68 1933 Begistered4s Sale" 102 97 J-J 1919 1913 1922 1927 1921 1949 1st 4s """s High 99^8 96^4 J-I) Cent Vermt lstg4s..Mayl920 Chic Burl & y extend 48.1905 1919 A-O Iowa Div 1st 58 lowaDiv Ask Low 102 96 . §1 Last Sale 108 Atch <& Nebraska Isl 7si..l908 Wl-S Atch Top & S Ee Ken g 48. 1995 A-O J'ly 1995 Nov Adjustment g 48 Boston Elect Light 1st 6s. 1908 M-S 1924 M-S Consol OS & & Week's Range or "9 6 IJONUS Range Price Friday June i> Bid Am Bell Telephone 48 1908 Am Telep & Tel coU tr 4s. 1929 Boston Boston 2391 Boston Bond Record. 10, 19"5.) Bait 1st 6s ml '11 A-O Bait Traclst5s..'29 M-N No Bait Div 58 1942 J-D Convertible 58. '06 Cent'l Ry con5sl932 M-N M-N Ext& Imp 5s. 1932 M-S Chas City K v 1st 5s '23 J-J ^ Ex-rights, t $15 paid, i 1041a 105 106 1013^ I0214 113 95 106 118 108 14 110 112 116 120 117 106 S 120 10834 122 100»a 101 116 II718 II8I4 106 51 Oct 26=8 Deo 43 J'ne 18 '8 May i«.May i 139 May 734 Feb 5i2J'ly 1 918N0V 1838 Deo III4N0V I412N0V Aus 44 I2 Nov 621a Jan 1311a Dec 3334 Feb 59 'g Dec 20 2''8Mar 55'78Mar 37=8 5 4 Nov la 70 Deo -^lay 43=8 Oct May 10 '8 Dec 19 Nov 8 Jan t 19i3Mar 4l>4Dec 38 28 Mar 46 Deo Mar 42 12 Deo 59i4Deo 4534 Jan 81 May 108 Deo 1934 Oct J'ne 22 BALTiaiOKE Mid Ask Chas Ry Q & El 58 '99 M-S 94 119 99 A Charl C & ext 5s. '09 J-J 2d 7s 1910 A-O City & Sub Ist 5s.. '22 J-D Oity<fe Sub(Was)lst58'48 Col<&Grnvlst6s.l916J-J Consol Gaa 6s. ..1910 J-D 1939 J-D 58 Ga & Ala Ist con 5s '45 J-J aaCar<feNlst58g'29J-J Georgia P Ist 63. ..'22 J-J GaSo & ila Ist 5s 1945J-J G-B-S Brew 3-48 1951M-S 2d income 58 1951 M-N Knoxv Trac 1st 5s '28A-0 LakeR El lat gu5s'42M.S MetSt(Wash)lst5s'25FA Mt Ver Cot Duck 1st 53. Incomes Npt NcfeO P 1st 53'38 M-N General 5s.. ..1941 M-S Norfolk St 1st 5s '44.. J-J North Cent 4 1-28 1925 A-O 6s 1904 J-J Series A 5s 1926 J-J Series B 5s 1926 J-J Pitt Un Trac 5s 1997. J-J Poto Val 1st 58 1941.. J -J Sec Av T(Pitts) 58 '34 J-D Sav Fla cfe West 5s '34 2^-0 Seaboard A L 4s 1950 A-O Seab & Roan 58 1926. J-J South Bound Ist 5a. .A-O UElL&Pl3t4i2S'29M-N Un Ry & El Ist 4s '49 M-S Income 4s 1949 J-D Va Mid 1st 6s 1906. .M-S 2d series 68 1911. ..M-S 3d series 6s 1916. .M-S 4th ser 3-4-58 1921. M-S 5lh series 5s 1926. M-S Va (State) 3a new '32.J-J Fund debt 2-3a 199 1 .J-J West C con 6s 1914 J-J We8VaC&Plst6g'll J-J N WU & Weld 53..1935.J-J Beorganizatiou oerts. $3 assesa't paid, i 112 1121a 114 10534 loe"* 117 109 14 11014 1154 lie's II2I4 11234 113 H3ia 124 115 116 69 594 28 "4 2834 102 116 119 77 77ia 2^ 30 92 97 105 110 120 120 110 118 119 115 114 86 ^ S634 112 113 111 113 96 97 93 '4 934 0134 62 102 110 114 112 112 96 97^8 116 113 118 98 118 6131- 121^ $20 paid. ... .. . . . . ... THE CHRONICLE. 2392 Vol. LXXX. %nxitstm^nt and flailroad Intelligence. ' RAILROAD GROSS EARNINGS. * ~ ~ - '- *i -nr r f nrww i i . The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures give the gross earninsrs for the latest week or montti, hikI tlip la-<t two columns the earnings for the period from .Inly I to an'l inclmiina: such latest we^k or month. We add a suppl^^mentary statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other Ttie returns of thf street ratlwuvs ure brought together Hepuratelu on a .subsequput -page. period. Latest (irons ROADS Week Current Vfar or Month AlaGt Southern 3dwk May N O & I'exa* N O A JS o East Ala & Vickab'g Ala Vicksb Sh 1' <fe < 2drtk •2dwk 2<lwk May May May March Aiiril Apiil .March April April .. Bellofoute Cent'! viay Bridpt .k Saco K. Alaroh 'Ulw 4thwkMay Butlalo itJUBq... Cal >iorthw'n Canadian North.. Canadian Pacllk Ceut'l ot (jeorKlH Cent'lolN Jersej Chattan South'n. Chesap & Ohio... April April 4th wk May BunRoch& Chio& Alton Ry. itUwkMay AthwkMay April ituwkMay A.ril April hwkMay Ohio Gt ChicIudcfeL'v... ithwkMay Chic Milw & 8t F Avril AprU .... Chicfe North ChloStP M &0. April Chlo Term Tr KI< 4th wk May Western. 4 W ClnNO&TPHC. 3dwk May ClClnOhA; St L. April Peoria & Eaat'n April Colorado <fe8ouLli ithwkMay Col New b & Lau. April Copper Range.... March Oomwall April Cornwall & Leb March Deny. <fe Rio Gr... 4th wk May Det & Mackinac. April . 4tuwkMay DulSo8h&Atl.. 4th wk May Detroit Southern. Erie a-piil F'rohild & N'r'e'n Farmv& Powhat Fon John8t& Gl. April \pril AprU FtW«feDeuvCity April Apiil Georgia RR Ga South & Fla.. May GUaValG <Su N.. October . . Qr Trunk Systeni 4ihwkMay QrTr. West'n. 3dwk Ma> DetGrH&M.. 3awk May Great Northern.. Hay Montana Cent'l ilay Total system. May.. Gulf&ShlpIsland 4th wk May Hocking Valley.. April UllnolB Central.. .Way IUIboIb Southern May IndlU&Iowa... January... Int & Gt North'n 4th wk May ilnteroc (Mex) . . 4th wk May 4th wk May owa Central Kanawha & Mloh April Kan City South'n April LakeEne&Westn Oecember Lehigh Val RR.. April. Lexlng &, EaBt'u. April Long Island April Ark. April ... LoulBlaua & Louis V & Nashv. Macon & Blrm... 4lhwkMay May Man'tee&Gr. i<ap w ovember Manl» <te No Eaa Maich »iay Manlrttique Mary I'd & Penn.. Apjll ! Mexican Cent'l.. April Mexican lutorn. April (Mexican Ry WkMay 20 JMexicau do uth* u 3dwk May Mlllen .March Mineral Range.. 4th wk May Minneap <fe St i.,. 4ch\vkMay .t So'w'n. Mo Kan & Xexu,'- tYevtous 63,150 58,805 .liilT 1 10 Ourrent Year 2,943,827 Latest Date. 2,750,797 4i.hwkMay 39,000 2.180.920 2,128,574 18,00u 1,193,545 1,140.303 18,000 1.251,215 l,2b8,418 U< 101,603 J'li: 43,204 58.77' 49,935 1,769,296 1.788.828 3,990,»9t) 3,619,27 56.649.953 57,715.249 2,706.550 3ti0.250 332.146 2,804,50 564,5:^4 «0.292 837,83 55.41 1,997.905 1,759,071 18.168,081 16,968,049 122,3^0 13.011 15.444 120,28 5,723.534 5,501,'.i30 56,081,719 54,446.216 1S9.021 177,240 1,'/ 77,680 1,708,658 51,307 61.748 4,245 4,865 35.025 34,450 3,595 4. 263,747 201,997 7,402,945 6,841.127 924.538 797,405 100,5&2 74,963 109,922 103,873 1 261.412 1,109.024 3,482,aOU 2,827,200 1-0.500 94,800 1,437.000 1,335,000 46,025,723 42.026.641 242,07 9,383,916 8,728,548 207,5 l,90S,15C 1,939.308 18,560.234 17,870,765 2,94.-. 110,730 103,125 3,090 1,673,776 1,641,959 17.075,335 15,941,866 783,172 10,0-8,702 9,6^6,756 7c!6,38t* 1>^1,145 171,316 6,«76,20.' 7,550,836 157,242 136.328 5,093,8 r.i 4,837,820 3,8u2,35ri 3,626,635 41,742.935 40,932,700 4,369.794 4,038,260 4ii,096,600 45,118,166 869,575 769,163 10.047,077 9,791,554 42.560 1,404,280 1,440,106 45,6S3 141,820 138.764 6,500,482 5,971,418 i,6i4,a07 1,637,537 18,684.958 47,255.3^0 184,846 252,945 2,414,82i 2,534,999 145,812 102,207 5,602,011 5,251,9.v9 14,243 193,407 196,037 20,585 454,0/8 32,636 54,814 378,011 68,120 5.578 61.810 20.476 192,652 18,313 180.401 27,951 474.000 409.000 15,460,675 15,027,784 820,652 809.050 91.714 91,903 29,33t) 1,335,30J 1,392,947 38,520 82.189 56,047 2,454,171 2,298,263 3,816.589 3,816.263 37,261,755 37,239,498 32,002 4.029 3,384 30,135 73,051 8,945 67.438 8,198 592,5:^5 55.919 62.611 557,747 183,243 154,073 2,107,2o5 2,169,009 201.318 170,900 2,092,202 2,090,171 131,148 129,544 1,563,862 1,559.393 35.843 57,437 978,651 976,080 31,962,254 31,140,679 83,061 100.756 4,590,369 4,764,165 24,381 1,288,639 1,103,400 19,782 3,460,373 2.8.32.410 3-*,047,486 35,709,911 207,220 212,233 2,194,382 2.131,943 3,667,593 3.044,643 40.241.868 37,841.854 44,988 1,711,118 1,683,436 49,831 447,56a 370,052 4,»5:»,035 4,852,621 3,642,222 3,794,562 45,219.099 42,806,909 22.439 232,487 22,858 228,905 924,828 154,770 147,06^ 1.023,141 180,870 126.92!) 5,816,793 5,325,652 168,0l:,i 188,544 5,562,701 5,502,553 64,301 2,339,299 2,178,078 75,284 137,435 126,401 1,456.759 1,381,651 554,615 502,483 5,526,932 5,447,594 442.190 438.492 2,645,763 2,770.983 2,638,997 2,591.755 25,506,644 24,572,106 377,887 40,603 36.760 428,385 I„c Inc. 94.435 475,501 65.322 681,432 71,640 573,804 1,018,570 /c 908,637 35,317,912 34,139,260 123,322 9,657 8,462 123.499 34,187 5,802 4,282 37,332 320,265 42,778 41,9»8 306,365 74,933 7,150 0.550 68,174 267,437 28,380 257,684 30,174 2,270,240 2,347,081 21,418,237 21,562,466 522,303 597,924 5,494.363 5,803,055 125.500 120,400 5.307,800 5,262,100 23,478 1,029,235 1,012,218 26,782 5,819 7,402 623',815 18.958 17,798 535,541 86.292 69,973 2,752,168 2,609,971 539,900 18,642,912 16,355.797 705,734 1,336,000 1,271,000 38,404,037 38,441,394 56,000 49,000 1.153,275 1.656,174 50.000 20.000 21,000 <fe Iron M IthwkMay Central liranci. 4th wk May Total •IthwkMay 1,392,000 1,320,000 39,857,311 10,097,568 Mo Phc i Latest iihrogs hamini/i KOADS freviout Year iiciilc. AlleKheiiy Valley March . AtiiwkMay Anu AiiDor Atoll Top <feS Fe. April Atlanta & liar.. Atlantic <feBtr... Atl Coast Line... Bait <fe Ann S L.. Bait & Ohio Banjior & Aroost haminos week Mar. 2d week Mar. 3d week Mar. 4th week Mar. let week Apr. 2d week Apr. 3d week Apr. 4th week Apr. Ist week May 2d week May 8d week May 4th week aiay Ist (47 (48 (43 (49 i43 (42 (43 (40 (42 (42 roads) roads) roads). roads) roads). roads). roadrt). roads). roads;. roads) (41 roads). (39 roads). 8,182,655 8,606,740 8,527,383 12,928,258 7.670,982 7,870,106 7,900,475 10,132,570 7.396,318 7,667,810 7,591,421 11,425.077 7.403,362 8,016,341 7,853,800 11,643.059 6,990.950 7,203,788 7,208,724 9,659,903 0,963,872 7.164,329 7,177,961 10,245,572 Inc. or Dec. P.O. 10-52 + 680,032 + 666.31N 9-7.1 + 432,446 + 503,431 6-21 9-25 4 691,731 9-59 +542,667 3-62 7-02 -(-413,460 5-76 + 1,179,505 U-61 Current 1 ear Yeat 143,346 7.879. 62 12,332 10.036 565.979 Mobile 288.355 857.180 321.589 18.117 Gulf&ChioDlv Ohio... it'awiiMay Nash Oh & St T... May.. <fe iNat'lRKof Mcx IthwkMay N^ev-Cal-Oregou J^evada Central. N YC& Aiiiil kpnl HudRiv 3,311 7,137.502 *iay y y Out & West April N Y .Suaq & Wt^.Mi April Norfolk cfeWest'i Vorthern Centra Vpril Vprll .Vorth'u A-pril Pad He 590.554 246,632 2,098,520 858,702 1,069.713 15.870 452,019 Ohio Rlv& West. ipril Pacitic Coast Co viarch ePenn— EastPifel eWestPA E .. April Apr.l Pere Marquette. id PhilaBalt&Wsh April Phlla & Erie CC 10855677 lac. 2 wk Mar "la' & <& St I ' . L Southwest .. Seaboard Air L.. Southern lud So PacilloCo6... Southern Rallw'j Texas Central Texas & Paclflc. St 237.091 1,208.673 .590,914 oh April Raleigh ) Fear April Heading Railway April Coal& It Co April Total Both Cos April Rioli Fr'ksb & P Fobruary.. Bio Grande Jot.. March Rio Grande So.. 4th wk May Rock Isl'd Sys. Apiil liutlund RR Alarch St Jos&Gr 1 ApiU. 8tL&San Franry April Pittsb IthwkMay March 2,055,815 4,809 3.320,457 4,610,535 7,930,992 118,340 40,749 13,780 3,289,632 i68',2ic: 2,955,991 1.04,526 1,351,787 400,992 8,234,516 4thwaMa.\ 1,223,664 14,080 . 4tuwkMai 307.716 4th wk May 12,000 TexS .. J anuary .. 23S.845 Tol <fe Ohio Cent Apiil TolPA West .... 4tUwkMay 43,037 99.450 TolStL&AV 4thwkjMai 57,503 Tor Ham &Bufl. April 1,781,682 Jn Pac System .. AprU ^lay Ai>ril .". V&N W i.u i:\l J)at4 Freviova Year 6.317,899 455,087 250.276 7,541,298 7.112,500 845.251 9,284.198 9.335.295 316.0-6 10,719. si 10,559,633 14.6!Ki 17!),37i 155,597 1,901 28.328 25,653 6.369 .M9.' 74,-j36,103 71,130,848 534.303 5,747.091 5.439,613 23 ,99-' 2,240.044 2,143,605 1,909,651 19 6;»7.41o 1-. 11,476 893,00- 8,315,681 8,353,881 3,573, 9!)0 42,79 1.72.". 39,698,169 16,69:i 165,7^4 172.900 456.71.) 4,577, l(/0 4,345.796 1036-S277 100347097 99,233,097 J:r 2.24 4.1i)U 73,900 216,491 H,959.U8l 7,>'20,042 1,181,97.; 11,4 38.474 11,156,574 535,o50 5,733.570 5,656,400 2,000, 0(;l 20,670.4 i9 20,353,9o6 41.073 4,336 42,;i28 3,228,417 30.453,680 28,943.104 4,430.107 .;i+.721,667 28.877,326 7,678,0_'J 60,175.347 57,820,430 110,625 936,8 14 890,726 42 .498 39,129 450,487 12,107 439.563 423,462 3,088,33y 36,790,722 38,550,649 1,847.116 l.>09,926 93,955 1.056,207 1.115.967 2,622,040 32,296,994 30.232,447 179.9() 8,160.772 7,091.587 1,234,473 10,028,770 9,571,275 93,96^ 1,266,274 1.177,025 7,439,616 79,305.62:( 78,538,177 l,0,t4,840 14,249,4' 11,659.930 768,895 698.381 12,77j 293,259 11,787.990 11.206,589 96,-.<:00 16,100 102.100 220,022 3.180,128 2.987,922 41,162 1.172,577 1,198.073 84,645 3,420,876 3,026,564 552,592 535.435 64.490 4,159,027 49,388,31e 46,110,093 1 1 VandaUa RR.— St. Louis Div. January. Terre H. <& Peo. January.. Virginia* So Vrn May Wabash 4th wk May W Jersey & Sea'e AprU 348,679 31,196 64,563 640,527 363.614 144,317 Wisconsin Cent.. AprU vVrightsv& T'n.. AprU 549.381 15,090 560,500 Wheel & LE 4thwkMay W'm'sport&N.Br. Marfh & Miss. Yazoo V. , May 12,329 VARIOUS FISCAL, YEARS Jan. Atlanta Mar. & Charl Air Line Atlantic* Birmingham Dec. Jan. Jan. Peoria & Eastern Jan. International Gt North'n. Jan. Interoiieanic of Mex co Jan. Lake Erie Western Jan. Manistee Noi-th Eastern.. Jan. Manistique Jan. Bellel'onte Central CI C. C. &. tit. Louis & & & Maryland & Pennsylvania.. Mexican International iMexican Railway (Mexican Southern { . . Mar. Jan. Jan. Jan. Jan. Jan. Jan. Jan. . Missouri Pacitic Central Branch Total tNational RR of Mexico New York Central Northern Central ePennsy., East of P & E eWestof P& E Texas & Pacilic Seashore est Jersey & MONTHLY SUMMARIES Month Jan. 1904 1904 1904 1904 1904 1904 1904 1905 -Month I'cb. lii05 Montii Oct. Mouth Nov. Moiilh Dec. Month Mar. 1905 Mouth Apr. 1905 Mouth May 1905 Current Year Trevious Year to to May May to to to to to May to to to to to to Jan. to to to to Jan. Jan. 379,558 557,350 20,995,563 3,561.684 3,944,238 126.419 5.402,651 151.302 7.303,564 to to Jan. Dec. Jan. Jan. Jan. Jan. 417,308 608,767 22.761.737 3,595.9-4 4,117,030 125.759 5.490.220 165.95 8,066.998 Inc. $20 2,684 $360,250 *332.146 288,127 418,4»4 Apr. 30 24.802 23,846 May 31 Apr. 30 6,543.670 6,185.194 988,983 887,302 Apr. 30 to to to to to to to to to to lua. Phila Baltimore & Wash Philadelphia & Erie Pitts Ciu Clilc & St Louis.... Rio Grande Junction 330,098 48,117 46,250 618,248 314,714 85,636 12,872 531,360 10.657 581,444 J'eriod AUegheny VaUey Month June Month July -f 590,399 7-36 + 673,588 8-58 Mouth Aug. +1,283,199 1104 Month Sept. +779,293 Lo 19>?,537 AOOKEGATES OF GKOSS EAK MiNGS— Weekly and ]Current Year I^eviousY'ar I M Rt P & 8 St M I'hwkMay Mob Jack & K C. WljMay 20 v> "WEEKLY SUMJIAllIES Ourrent Year fi'eek: or Month, liil- Mar. 31 Mar. 31 31 31 Deo. 31 Mar. 3 2,342,111 2.704,764 4,970,992 121.614 27.4s3 54,958 Apr. 30 2,164,773 May 20 2.397,700 479,054 May 21 May 31 15,901,043 621,275 May 31 May 31 16,522,318 May 31 5.050,039 May 31 32,135,702 Apr. 30 3,105,827 Apr. 30 39,397,579 31 Apr. 30 Apr. 30 Apr. 30 Mar. 31 Apr. 30 Mar. 31 May 31 Apr. 30 1,990,440 2.719,208 5,218,728 116,250 27.847 50,951 2,431,782 2,511,700 484,548 16,438,109 687,174 17,125,283 4.962,995 29.921,429 3,083,727 36,811,979 Jnc. 1.6 13,200 4,457,636, 4,130,736 1,527,924 i:483,216 8.179,994 7,634.900 173,304 1.57,779 4,791.636 4.697,367 1,063,878 1.025,978 Montlily. Current Year PreviousY'ar Jnc. or Dee. \P.C $ —928,084 0-81 (108 rda.) 113,351,491 114,280,175 (125 rds.) 132,-24-2,621 139,71 2,.599 —7,469,978 5-35 +734,020 0-51 (122 rds.) 145,292,493 144,558,473 +4,136,488 2-81 (1'24 rds.) 151,475,024 147,338,536 (124 rds.) 159.732,959 1 54,753, 62-J + 4,974,337 3-21 (124 rds.) 154,304.117 M0,909,47(; + 13.394,641 9-51 (123 rds.) 146,743,102 136,«89,640 +9,858,462 7-20 (116 rds.) 1-27,073,038 119,'220,O7- +7,852,980 6-58 (117 rds.) 113,714,506 117,-252,135 —3,537,629 3-01 12,743.311 9-73 (118 rds.) 14 3,622,857 130,879,34t^ 4,103.262 8-70 58 rds.) 51,243,441 47,140,17!! ( 53 rds.) 48,367,104 44,543,718 +3,82-3,386 8-58 ( t- t Mexican currency, b Includes th« lious. <V Tex. Cent, and Its subsid. lines in both years. « Covers Hues directly operated, a Inoludea the Chicago A Eastern iuinolsTn n«i« \^ i.„n. „^„..o L. A lioth years. k Atlant .,„„ij^ KnoxvlUe & Northern included In both years since AprU 1; It had previously been Inoluded in 1903 since Jan. 1. —— June ) . . . - 2 . > .. THE CHRONICLE. 10, 1905.) Latest Wro88 Earning bj Weeks.— Id tha table wbiob follows we stun up separately the earnings for the foarth week ot May. The table oovers 39 roads and shows 11 '51 per oent increase In the aggregate over the same week Ath week of May. 1905. 9 49.935 263,747 120,600 AXLO *!•>*»?, . — ,-r---r-PlttBb'c Bnffslo Boob. A OanMllui Nortbem Canadian Paolflo Ontrai or (j^eorma Ohatftanooga Bontbem. ObioaKo ureal Western l,4S7.0«-( 242,972 5S,94^ . 181,146 167,242 46,68 14fi,8U 474.000 Oblo. Ind'pllB A LonlBV. Oblo. Term. Traneler Denyer Detroit A A Boatbem Klo Grande Bontbem Dolutb Bo. Bbore Atl. of Can... Qrand Trunk Grand Trunk West .. > tnereast. 3 68,779 201,997 94.800 1,336.0(M 207,527 3.090 St. Lawrence Jan. 1 to 20,914 3.128 43,606 82,lt9 978,651 976,080 66 Internationa) * '•»» *'> Interooeanlo of Mexloo.. Iowa Central LoolBTllle A NaebylUe Mineral RanKe MinneapoilB dc St. Lonls Minn. St. P. & B. Bte. M Mo. Kansan 49.831 180.H 168,01V 75.28 1,01».87< 18.9^6 86,29i Mo.Paolflc * Iron Mt.. Central brancb. 706.7 ^« l,271,00f 56.000 4».0(>0 1I9..'S^7 118,1.50 MobUe A Ohio 288.3?.^ National KR. of MaxIco. Bio Grande Sonthern 8t. Loo is Hoatb western 821, ftS!13.780 260,276 316.02^ Mob. Jackson A K. OitT. - 204.fti6 179,96.'^ Bontbem RaUway ....„ l,2v;3,e64 1,094,8 12.773 Texas Central Texas & Paolflo Toledo St. L. & Weat.... Toledo St. L. A West.... 14.080 307,7 It 43.08 99,450 Wabasb ..„ . Wneeiing <h Lak e Krie Total (39 roads) Ket increase 11 -61 p o 293.2 Bangor •••.••.. Boston .. . 109.933 1.160 16,31v 6^,l» 165,h34 65,000 7,000 1.407 38.0 9 6,561 1,673 24,5KI 1 41.1' 6*0..^27 144,31- 85 6<> 58,681 ll.425,07' 10,245,57- 1,2' 9,0 J 6 AV'' Earnings, — BangorAAroosi'kbApr. 136,690 1,623,077 189,021 July 1 to Apr. ou BellefonteCent-.b May Jan. 1 to May 3i .. 1,777,680 4,245 23,846 Boston <% Albany 159,487 1,828,550 177.240 1,708,658 4.865 24,^02 34,302 551,882 73,2!J0 6£0.172 1,297 7,124 Pririotis Tear $ 46.670 44'>,070 69.25/ 646.608 1.471 5.999 b— Mar. 31.... 2.814,079 July 1 to Mar. 31 7,721.012 Ohio. <il. WeBt'B ti.Apr. 613,559 July 1 to Apr. im. 6,386,724 Colum.Newb.& L.b.Apr. 20,685 198,407 July 1 to Apr. 3i/.... Apr. 20.476 Cornwall. a €8,120 July 1 tc Apr. 3w ... Ft.W.&Den.i'i, J. Apr. 183,243 2,l07,2t)8 July 1 to Apr. 3o 2,267.789 Gr. Trunk of i»i.. Apr. July 1 to Apr, 3o.... 23.469,735 481,783 Gr Trutk West Apr. 4,32t','52 July I I'' Apr. cv Mil Apr. 100,249 Det.Gr. H. July 1 to Apr. in .... 1.2o6.16J Interooeanlo Rbliway of 614.235 Apr. Mexloo 2,193,4y9 Jan. 1 to Apr. 3o 564.P15 Kan. City Boui t. « Apr. 5.0^6,932 July 1 to Apr. i>o 40,603 Lexinj^'n A fcHM. «. Apr. July 1 to Apr. ;»» ... Jan. Tear $ — 1 t( I . i J, 2,197,748 7,417,526 629,770 7,00/,206 14,243 196,037 5,578 61,810 154,073 2 169,009 2,307,694 22,680.164 451,611 4,464,934 79.324 1,036,968 356,747 2,328.283 1,997.136 177,1J>1 157,614 1,850.880 1,792,327 2,:s89 707 50.098 46,740 1.931 12.238 25.266 17,990 24.148 24.653 514,841 677,067 t86,i9o 830,?25 6.699.819 5,' 51.6C0 94,410 10S.196 664.676 5»2.S16 4,887 20,439 34> ,903 218, .^UO 45=6,316 125.784 655,782 178.639 2,134,'; 21 600,867 648,907 126.151 126.664 502,483 5,447,594 1.578.462 1,518,219 36.760 11,790 14,888 4-/8,885 120,b40 9 ,196 Ido. Apr. 94.435 Ino 94.638 LonKlsiundb luo. 475.601 luo. 363,713 jnlj 1 to Apr. O' .... 812,048 84,804 LoulBV. A Nashv .b Apr. 3,1^8,074 2,936.803 " ' " 9,93l.*<27 July 1 to Apr. 3< ..^ 32,145,397 31.218.8' 3 10,519,000 P,560 4.4eO 1,498 7.1 .'0 May Manletigue.E' 27,483 4.574 27.847 647 Jan. 1 to May ^i 264.421 622,308 597,924 197,938 c Mex. luteri Mi'i.. Apr. 826.9V0 l,U53,i>25 Jan. 1 to Apr. 3o... 2.164.773 2,431,782 6.'' 4.963 17*5,769 474,765 249.565 M. St. P.&a t.M b Apr. July I to Apr. 3o.... 7,252.806 5,852,441 3,891,203 2,766,968 321.866 346,49»« cNat'i KK. of Mt<x..Apr. 1.006,880 1.018. ISl 4,026.134 3,966,626 1,272,377 1,221,816 Jan. 1 to Apr. 3u H. Y.& Pennsylvania b— 7,6 07 22.742 Jan. 1 to Mar. 31.... 26,803 80.806 July 1 to Mar. 31 809.960 749.316 NorfoikA %es< i.bApr 2,098,520 1,909,651 July 1 to Apr. oo... 19,697,4.3 18,811,470 7,723,33* 7,486,11^2 166S2 4.250 16,870 4.634 Ohio River A w^st Apr. 172.S00 35.777 165,784 46,4»4 July 1 to Apr. bo... 108.212 21.095 93.955 10,032 St. Job. a Gd. lei. b. Apr. 288,986 1,056,207 1,116,967 194,197 July 1 to Apr. 3i/... . — . — 6,474 4,189^ La teal Pros* Xarmny$ £aknihos. •««« or Ho \,X Our'nt Prw'v* rear. tfj i. Ourr«».| Xear iiaiS frevtoMf 7«ar. » • — Oross Earnings. — — Current OurroU Previous i)0.... 967 1,800 May 27. , July 1 to Apr. 860 1,650 A Albany- (iKOSB • 29,*>21 lowing shows the gross and uet earnings of reported this week. A full detailed statement, Including ail roads from wbloh monthly returns oan be obtained is glvei once & month in these columns, and the latest statement if this hind will be found in the Chboniolb of May 20, The next will appear in the issue of Jure 17, )Ki 5. 1905, Apr. 330 179.170 1,111 STREET RAILWAYS AND TRACTION COMPANIES. 22.27t- The table fo Stsam rallroarts an Arbor, b 24.039^ 26.876 184.911 • After allowing for other Income received. c Charges include interest on debenture stock. 1,179,' 06 Tear, *16,78» *1&6,824 l,«.-5 14.805 Tear, $ 9 *5,466 *298,201 869,322 Jan. 1 to Mar. 31 829,977*df.323,932*df.395.82S July 1 to Mar. 31... 2.694,835 2,506,929 *df.95.818*df.268,295 Chicago Ot. We»'*n.Apr. C172.709 cl68,283 4.482 def. 10,769^ July I to Apr. 3o... ,1,719.065 cl. 635.784 131,815 156.543 N. Y. A Pennpyivania— 5,116 Jan. 1 to Mar. 31.... 2.391 16,844 July 1 to Mar. 31.... 10,069 327,883 •iorfoih <jb West'n....Apr. 285,779 482.427 463,537 July 1 to Apr. 3u ... 3,095.512 2,717,580 4,627,822 4,768.612 20.955 18.514 140 def.8,482 |»t. lo9. AGr. Isl <1.-Apr. 212,792 193.862 26.194 July 1 to Apr. 3o 336 8t.Lawreii ce & Adlr'k*3.141 24.889 25.252 Jan. 1 to Mar. 3i.... 10,640 *34,188 77,116 78.262 *9,545 July 1 to Mar. 31.... 1.30 4.467 Net Etfrnlai^a SLontKi]! to Latest Hates. Boade. 1 A $ 30,976 896,653 45.213 467,438 29.973 2 8.786 46.414 465,261 . 128,824 J> -• . $ Apr. to Apr. 30 .. Arooot'k.Apr. .. .JuLt 1 to Apr. 3o Bellefonte Cenrral May Jan. 1 to May 3i July OO' 84,646 618.24f H Figures are for week ending Int., Rentals, etc. Net Earn'gs.^^ -—Bal.of ~ _ Oiirrent V Previous Current Previous Tear. Tear. Tear. Tear. Roads. 4.843 63.941 12,107 are after deducting taxes. gold at the current rate of exchange. Ann Arbor 10,08.'' 1,336.( 0< 35,892 87,42» 27.636 110.369 69,387 200,333 . 20.532 17,738 69.973 143.34 639.90 l98..^3: A Texas 1R8,54 64,30 908,63 78.763 229.695 — 2.671 44.988 $ . 9.184 26.142 126.921' Tear. $ Interest Charges and Sarplas. DetGd Hav.AMllv.S eoU A Sblp Island Tear. $ b Net eamingB nere given are before deducting taxes. c These flgnres are in Mexican currency, and are convertible into 145 42,.^60 Tear. $ , & Adlr'k b— 26.700 102.000 85.446 186.328 Tear. Mar. 31.... July 1 to Mar. 31.... $ 9.82'f> Previous a Net eamingB bere given 8,844 Xet Earnings. Current Previous . . Current Eoads. Decrease 6i',760 171.8U 102,207 40».00f 29,33t 66,047 38.62< * 1904. 2393 — Gross Earnings. — last year. Colorado t .. Ubany & Hurtson ^oaerloi&n R'ys. Co.|) Aur. Elf!:Sn & Chic. R^ May Oent. Penn. Tract. JhioaKO fe Mil. El«(i Ohio. & Oak ParB.. c Aprl April A.rll April April April April Mi*y om. Davton&Tol.T March B'QghamtOD Ry Boaton dt Worooeter SarUngt'n (Vt.)Traf Gas & Electric Oal. Llg" (Mnsoatlne, Iowa) yleve.&So.W.rr.Co Jleve. Palnsv. & E. Detroit Dnlted Ry..i. Ooluth Stjeet Ry Sttst St. Louis & Snt itiiens' Ry. & Son Wayne & ^abasb Valley Traction Havana Eleo. -loughtOD Co. St. Rj louBton Eleo. 8t. R^ ' 5.9 lO 26.62c 5,3 1 < 142.586 322,^6 43,273 40,1 3f 35,827 28,063 69,394 64.1337,674 33.76!- Traotion Co ndlaoap. &Ea8t. R> ndlanap.&i MartlUR vllle Kapld Trail ndlanapollBife Nortb we«tern Traction, ntomat'l Tract. Oo IllnolB 8y8t«m (Buffalo) acksonvllle Eleo.Oo Kansas City Ry.&ui enigb Val. Trac. Co Street Ry. Dep I Sleotrto Light 8,12t 31,S38 8,708 38,076 39,404 30.01V 141,78 11»,180 54,79« 16 10' 14,96 63.344 4thwkMtiy 138.510 127. 7. 1,847,16 1.688.516 4tbwkMaN 18,35>- 16,728 248.SS 239,050 111,02? 98,42 417.144 April 372,974 April 134.22 135.793 85,409 33.42.'^ < Wk.June 68,508 * April March Marob 4prll April April exington Ry 27.12< 103 77) a45f' 28.2'' 105,169 39.616 38,H3 9 .94^ 14.02 30,101 7^,43^ 18,06 16,771- 354,460 64,125 309,386 58,119 6.67t 32,759 23.184 69.239 26.54 946.23^ ^35.224 315,020 896,339 37.696 23 977,072 66,478 385.807 329.48 1,420.97^ 1,262,770 March.... M-trsh April 2.'S,7fl8 37,79i I3 4ni 32,64' 13,50 12.14( 46,667 U..0)- April Ayrii April March. ... 7,7i)4 7,014 l77,27f May 194,00 April 454,78!- '52.9.'.^ «ll.Lt.Heat&Tr.Oo April 42.672 31,001 2u2.94t 186.47 V iontreai Street Ry '^unole Hartford April April Oh:oTr.&L.t.Oo April Northern Texas Trac April Northwestern BUev «nr. lean t^t. Cow Railway •rantfe Co. Traction Ppftkn I 't'g&RR Oo Plttf>bnrgb & My April 18.607 63,064 4S.7 261.728 187 6M 20.68!< 07,305- 6ti9,6w lv2,2t 10 April April tfS" 8,5 i9 8,38t AprU 7.87» 7 61* 6.91 Greensb'g April 12.46 10,784 16, -"Ml 14.4«>^ iys'^i Gen.— Roarta April ^6,3 l,9^t 21,^9>- . Go's Railway Roob A East. Rap. Ry .xjchwfter . rd Belolt JanrBvlUe... <.ockr< 't. 51.46^' 442 9 -h 35 SS^< 49.108 241,664 160.984 54 5 !54 383,885 28.866 27.6 1 83,994 26,2tt7 48,58 59.8 96.4l« 8.367 38,356 624.t29 466 263 31,108 McKees- Dnlon Traoi April ..i^h- 1 13 9468,838 63 481 i.ev port P 153.217 132,321 69, 03 55.995 96.8 '44 802 52 61!^ 22,760 20 878 924,488b0.454 996.8 6 ,0(ir,443 154,261 117,999 801.27r 723723 <« Wayne )»klan(1 Tract. 266.59 229,366 1801.093 1697,754 26.217 9,984 March 58.744 {39.266 132,761 1 Dep April LO'idonSt. Ry.(C»n. Had. <W1B.) TraotlOT 4ot. W^Bt Side Elev 1)1. Elec Ry.&Lt.C- Ft. 19.899 1.202.195 I60,17i 152,425 '14.54 87,937 340,120 322.821 101,26 95873 21 911 l.7l2,9ii:- April April Aorll b April Ry.Oo =Ionolaln Rapid Ti <h Land Co 1 32,78^ .... <3t Aurora "UglD fft. 75"«7 21,122 19.78' S'.l''126.914 llU 82P dl, 32.660 dl. 76,061 44. 40 28,?.86 128.7 96.4^4 19641 18.0 V 74,00 67,721 April Joi-eph (Mo.) '.< 1 April April February i-.:9,80> . 1,9/7 I16.58t AprU Lt. BeatA "ow. Oo May Han F' an. Oakland A April San Jose Ry... «&< Paaiu Brazil) ram. L't A Po. Oo. May sKvannah Elect. Co. March ranton Rallwav... April 7,^^15 12,307 7,3-. 26.31^ 15.104 1021S 9,597 35.369 82.488 60,03: 54 271 277,499 253.687 47,412 34,359 170.66* 122.655 97,000 71,930 39,371 66.064 194 2Uo IH3.837 139.455 129.180 76,74^ 69.040 499.600 44.5.->4 76,76,'^ 126,38.^ 393.669 117,712 347.904 645,393 072.131 270,530 A Ry ••^2,310 77.198 , -<;> »attle Electric Co... March.... ( uth Side Elevated. May 8 raouseBap.Tr.Ry. April 278,56575,88> 673,« 4 2tf5,676 - > . THE CHRONICLE. 2394 /..><•?»! Hrvnt t»iiOSa Kabmihgb. trttkorMo i*«f"n»'i<ia OMfm Year. Year. St IVIaroli 33,528 Terre Hte.Tr.&Lt.Oo. Siaroli 46,82fc Co... .'CXT.. i 1& /,ci.. 29 900 42.024 •; Dait f J"C»M>v S Current 9 Tamna Eleotrio j Year Year. 9 95.2S2 132,819 81.500 123,620 23.541 19,375 Tol. BowLGr.A 80. Tr April 67S'.67'3 esi.eVo 147.15P 134.420 Toledo Rye. & Li^lit. AprU 17,74H 17,985: 60,071 63,5?4 Toledo A Western... Aprtl Wk June 3 52,364 47,459 1,040 420 9^7.494 Tcrcmto Railway 182.S2fi T»r*t< CHtTRnu Ty&f. 4thwkMay 128.528 1,7'7.160 1,683,818 e7f6 357 84l.0!i6 3,395.08:-i 3,336,37P Un'd Rys.ol 8t. Loala May April ftQC.")©^ 569,609 ^,231,573 3,112.966 Unlt«ci of Ban Frun 78,05P 78.657 23.078 23 281 Wash. Alex.* Mt. V, April 16?'.f>i7 Yor)TiffsrpTirn 01iftr.-»t> April 148,233 43.763 37.602 . Spanlsb silver. Xbese are reeolts for properties owned. a Decrease due to a strihe and boycott. b Tbeat^ are tbe oomblnea earnings ol all the oonstltnent companies. c These are resnlts for main line. d Figures here are from July 1. n These earnings Include the Detroit United Ry., Detroit * Po?t Huron Hhor* T,lnp »n<' t.b*> Sandwich WinrtBor * At^'heFnthni'o' Ttv e Decrease due to the fact that the Louisiana Porobase Exposition was open last year. t y Street Railway Net EariilBSS.—Th? following table gives the returns of Stbbbt railway gross and net earnings reoeived this week. The last general snmmary which we furnish once a month, and in which we bring together all the roads froiii which monthly returns can be procured, was given May 27, the next will be given June 24, — Gross Earnings. — » > — Gn rren * Year-. Year. Year. Previotta Year, $ $ $ $ & Eleotrio Corporat'n.a.Apr. 442.585 Jan. 1 to Apr. 30 1,712.903 Fort Wayne & Wabash Valley Traction ..Apr. 322,969 68.503 266.695 Jan. 1 to Apr. 3u.... St. Net Earnings. Previous £00(2*. Oalifomia Oas /- Current 1,202.196 102.935 445.450 89,528 361,898 58.744 229.366 25.675 98,S66 18,877 69.674 Joseph Ry. Light Heat A Power May May 31 Jan. 1 to 60.037 277.494 64,271 253.637 28.408 112.536 25,234 103.354 a NeteamlngB here given are after deducting taxes. Interest Charges and Snrplns. — Int., Rentals, etc. — Previous Year. Year. Year. $ $ Hoods. Callfomla Oas & Electric Corporation.. Apr. Jan. 1 ^Bal. of Net Earn'gs.-^ Current Previous Cun'ent Year. 53.606 248,470 40.670 172,311 ANNUAL REPORTS. — Annual Reports. The following is an index to all annual reports of steam railroads, street railways and miscellaneoue companies which have been published since the last editions of the Railway and Industrial and Street Railway Sections. Full index for last quarter was In V. 80, p 1475. This index does not include reports in to-day's Chronicle Page. Railroads. Etc.— RAILROADS, Etc.— Page. Alaska Packers' Association American Beet SuKar Ametican Can 1910 ....1911 American Pipe Mfe American .•chooi Furniture Amer. Waltbam (hal. sh. Mar. Brooklyn Uuion UaB H;lec. Ilium. Co., N. 1726 234^ 3i4>7 31).2343 Y iSSii 185fl ButterickCo 1727 Central A So. Amer. TelepTaph....l727 Central Union Gas Co , ^. Y 1855 Chicauo Edison. 1970 Cleveland Akron & Columbus 1911 Colo. Fuel & Iron (statement to N. Y. Stock Exchange) 1726 Col. A HockintrCoal & Iron 2342 Commonwealth Elect., Clilca20...197u Consol. (ias Co. of New York.lfe64, 1910 CouBo Idared Rubber Tire 8342 Corn Products Electric C". of lf<53 America Saia 2218 1726,1735 General Axpnalt General Electric Gottlieb- BaucrnBchmldt-Strauss Brewincr 1974 Grand Trunk Ry. of Canada Great Luk^B Towing Hunt. & Br. Top Mm. RR. & 1909 2347 aiteojent) Klniis o. Elec. Light lQ2i Coal. 1724 International Nickel 2216 Kanxat City So. (circular by man- & Power V!21« Lake Shore & Mich. Southern 1852 Mexican International 1969, l»7rt ( W exlcan Michigan Natloiiril Telegraph 1727 f^entral RH. of Mexico lt-52 190J, 1917 New AnjHierd.im (ins New England Teieph. ATeleg New Yoik Chic. 4 St. Louis New York Edlnon 18f6 1858 18'>3 1856 New York Mutual Gas Light 1855 Northern Pacific (bal.Bh.Feb.23).1853 1h55 Northern Union Gas Oregon Short Line (oal.8h.Jan.3I). 1969 Pacific Mall Steamship 2311 Pittsburgh oil A Gas 23il Pittsburgh Coal (statement to N. Y. Stock Exchange) 1919 Safety Car Heating a Lighting ...221H 1h55 Standard Gas Light Co.. N. Y.. Tennessee Coal, Iron & RR..1»70, 2217 United Elec. Light & P wer, N. Y.18=.« United Gas Improvement 1856, 2342 United Shoe Machinery 1922 U. 8. Realty* Iii>pt. (lOmos.) 2340 United Stales Rubber 1«69 United States Steel Corp. (3 mos. toMar.ai) 1726 Street Railways.— California Gas & Elec'ric Corp. ...1910 Capital Traction (Wash., D.C.)....13H0 Chicago City 869 Chic. 4 Oak Park Kiev. (6 mos.)... .1171 Consol. Ry., Conn, (balance sheet Mar. I, 1906) 1910 East St. LouiB & Suburban In erstate Railways Louisville Ry 871 1172 9C4 Metrop. West Side Elev 1421 1/36 Muskegon fraction & Lighting Philadelphia C". of PitlBb...l653, 185H 18H1 Pittsburgh Railways Sao Paulo Traajw;.v Lt. & Power. .1969 Twin City Rapid Transit 123H United Railroads of San h'ran., 1H57 United Rys. & Elec, Baltimore... 1725 United Rys. of rtt. Louis 1054 United Rys. Investment Co. of San Francisco. 1909 Washington Railway it, Electric... 1232 Amalgamated Copper Compi&uy. {Statf.mirit of June, 1005, with Balance Sheet of Apr. £9, '05 ) of the board of directors in June, 1905, Secretary A. Melln was authorlzad to issae to the stock holders the following statement, together with the condensed balance sheet of the company as of April 29, 1905: OKOANiz.iTioN.-The company was organlzeil In April. 1899, with a capital Hiock of $7,^,000,000. For three months prior thereto copper was Belling at bdtween l« and 17 cents a pound, and there was no accauiulatlon of BtookB In the hands of the produoeM. Soaronly any new dtsooTerles of copper had been made In the United Stiates for several years, and the uiies of the metal were eo rapidly Increasing, ea- At a meeting H LXXX. pf daily ill th.- electrical fl?ld, that tbe most expHrlenceu obeervers of tbe maiht T were of tbe opinlcn hat the price «)f th" net&l would not again fall uj der 14 cents a ponna, until new and extensive sources of fnppjy -were developed, of which there was th^nno prwentlndloatlrju. Mr. MarcDH Daly was the first President, but unforranately his health 1) came perlonsiy Impaired, preventing him (rom takins; any aotlve p rt In tbe management, and hla death occurred In the second year of he company's existence. In 1901 the authorized capital stock was Increased to $ 55,003,000, and T.'ne new stock was lesaed for that of the Boston & Montana and he Butte & Boston companies. This has proved to bd a very advantageons InvesTmeot DiviDKND Rkcord.— During the last elRht months of 1899 and throughout "UOo the company was able to sell Its product at over 16 cents per pound. Dividends at tbe rate of 1 ^a p. o. regular and ifl po. extra were paid quarterly from October, 1899. to Ooiobar, 1901, when the rate was made liji p. o. for the quarter, f n Janu>»rv. 1902, a dividend of one per cent for the previous quarter was paid, and from May, 190 to January. 1905, quarterly dividends of one-half of one p. o. were paid In Ja- uary, i905. the dividend rate was Increased to one per cent. The average rate of dividend for the total period from Octob-r. 1899. to Jane, i905, has been 3'e P- c per annum. New Smeltkk— In 1901 and 1902 anew concentrating and smelting plant was erected at Anaconda at a cost of over $,^.000,000. This is now the most complete and up-to-date copper reduction works in existence, and 1 ha.s efincted great savings in the cost, of production. At these works are treated the ores of the Anaconda, Washoe. Parrot, Colorado and Butte & Boston mlQlng companies. Taeores of the Bosnrana, Oo. are treated at its own smelter in Ureat Falls. ton & Litigation -The state of Hff'ilrs In regard to lltlgatloo during the last few years in some of the District courts of Montana has been deplorable. The so-called "law of the apex" passed by Oongreas in 1872 gives the right, under certain conditions and within certain limits, to follow a vein from Its apex into adj jluing ground. This law has given rise to a vast amount of litigation; as under It the owner of a properly adjoining a rich mice, even if h» has no valid claim, may assert ownership In the ore of the latter. The companies controlled wholly or In part by the Amalgamated Co. have been harassed by litigation of this nature on an enormous scale and hekve had to contend constantly with this and other litigation to preserve their existence. The heavy expenses incurred in this litigation, and the cost of btiildIng the new reduction works, opening and developing new coal mines, and making settlements for damage claims, have b'^en paid entirely out of the earnings. Matters in Montana are now in much better condition. The Supreme Court has passed upon the leg>*ilty of the company's standing in that State, and the "fair trial hill" prevents I <!. M the hearing of oases by district jadges against whom prejadlceor bias can be shown. Properties Owned and Controlled.—The company owns the entire stock of the Washoe Copper Co., the Colorado Smelting (now the Trenton MlnlDg & Development) Oo. and the Big Biackfoot Mill inu Co., all but a few shares of the Boston &, Montana and Butte & Boston companies, and a majirlty interest in the Anaconda and Paprot companies. The Bii{ Biackfoot Milling Co. owns more than one million anres or timber lands (apon which there Is estimated to be over four billion feet of standing timber) and sawmills turning oat 85.000.000 feet of lumber per annum. The company also owns all the stock of the Dlamondvllle Coal & Coke Co.. which mines and ships 600,000 tons of coal per annum; and Its mines In Wyi'ming are estimated by experts to contain an available supply of ''3,500,000 tone. The comuany. through Its ownership of all the Woshoe Copper Co. stock, holds .900 acres of the Bear Creek onal lands In the vicinity of Red Lodge. Mont and also all the coking coal property at Storrs, Mont., now under development, as well as a oontrolllnif interest in the Cokedale Coal Co , owning coal lands and a plant which is equipped with 100 cokine ovens. The comoany likewise owns a public sampling works, a business block in Butte and another business block In Anaconda. From the Anaconda Company's coal lands at Belt. Montona, arrt mined and shipped .S75,O0U tons of coal per annum, and coal experts estimate that there still remain 3,100,000 tons of available supply. The Anaconda Co. also owns a hotel in Anaoonda and one In Han Uton, and has a very large interest in the stock of th- Batte, Anaconda & Paciflo RR. Co., the line of which runs from Batte to Anaconda. It lilso owns 27,000 acres of timber lands. Its sawmills in Hamilton. Mont., turn out 80,000,000 feet of umoer annually. The principal asset of the company consists in the ownership, throngh the companies above mentioned, of o >pper mines, the value of which is largely dependent upon the duration of their productivecess. The mines look as well at the present time as at any period of the company's existence, and there are no Indications that they have 1 k49,329 k48,958 to May 30.... kl96,980 kl89.582 k Incladee also sinking fund charges. Brusli \^OL. , not a long productive life before them. Exclusive, however, of the said copper mines, the assets of the oompauy (consisting of timber lands, coal mines, reduction works, sawmills, railways, real estate, buildings, copper and cash) controlled through the ownership of other companle-< aieof ver" great value, exoeenlng, in the opinion of experts In whom the ofiiiiers have entire omflienOH, $50,000,00 J over all liabilities of the company. Opeeationb —The comi>any, directly or indirectly, employs in Montana 12,' Ou men and exp^-nds annually for wages *14.000.000. The companies owned wholly or In part by the Amalgamated Company produced in 1901 25 2,000,000 pounds of reflued copper (Includ ing only a small amount Irom custom ore). Of ibii amount the Amalgamated Company received the benefit from 202,ooo,o00 pounds, which is about 25 p c. of the total production of the United States. As the outstanding capital stock of the company Is B153.887, tOO, each pound of copper produced is oapltaltzed at 76 cents per pound, without taking into consideration any earnings from other sources than mining. The Calumet & Heola Co 'a stock, selling at a market valuation of about $61,0 0,000 and prodaclng annually 80,0 >0,0J0 pounds of copper, has a market capitalization of 80 cents per oound of copper produced, and the Rto Tlnto Co. has a market cupUallzaiion of $1 56 per pound produced. A flaotuation in the price received for the produot of one year between 11-70 cents and i6-50 cents per pound (the highest and lowest prices durlijg the past five years) means a differaace to a copper company of the magnitude of the Amalgamated Co. of $i^, 700,000 in annual net earnings, or over 6 p. c. on the oapltiti stock. At the present time the status of the company and the position of the mc ai market are more satisfactory than at any time since the early part of 1901. CONDENSED BALANCE SHEET OF TUB AMALOAHATBD COPPER CO. APRIL 29, 1906. Assets— Invesiment In seouritles, etc., representing ownership In oop,<er mines, mining claims, mining plants, reduction works, refineries, coal mines, sawmills, standing tim$154,281,303 ber, water rights, land, etc.. 2.500 Oaion furniture construction 7,350.000 Loan to Washoe Copper Co. for smelter 2,766,759 Cash and cash assets $164,390,562 Total Liabilities— Oap'i stock, authorizad Issue, $156,000,000; outBtandlng.$153,887,900 Accounts payable Dividend No. 23, payable May 29, 1905 Uarplns anil reserve $10,481,591 Less amount set aside for payment of dividend No. 23-May 29, 1906 1,539,879 Total ....; 21,071 1,688,879 8,942,718 $164,390,562 6 . June THE CHRONICLE. 10, 1905.] CEBTIFIOATE OF P0G80N, PELODBET & CO., AUDITORS. the books and accounts of the Amalgamated Copper Co. for the six ye&r« endlDjr April 29, 1905, ai;d have verlflod the assets and liabilities shown ahove. We hereby oertiry that, the "We have examined foregoing balance sheet correctly thows the financial condition of the company on April 9, 1905. "We have also examined into the affairs of the companies in which the Amalgamated Copper C >. owns stock and have verlfled the fact that all dividends received therefrom by the AmalgatBated Copper Co. have been paid ont of current net earnlngp, af«ir making ample pro vision for depreciation, dismantlements, depletion of ooal and timber lands and the adjustment of copper on hand to cost."— V. 80, p. 2221, 1730. . revenue account. 1904. 48,481 66,610 57.172 Exchanges (less unearn. rentals.. $1,980,186 $1,701016 $1,413,219 Longdistance lines 761,991 534,582 644.671 14,735 12,657 11,837 Private lines Miscellaneous 176,742 164,032 125,496 Operating Legal Insurance interest Dlvld. $1,573,854 $1,045,574 $16,789 300,000 $20,290 300,000 $316,789 $1,257,065 $320,290 $725,284 Deduct— Taxes and general expenses Pref. stock dlv. (6 p. $2,073,492 $1,787,429 19,964 21,442 25,409 20,488 100,000 100,0(0 12,883 10.765 $1,438,888 20,412 17,940 97,099 8,513 $701,906 588,118 $1,940,123 $582,162 467,510 $1,580,852 $504,288 411,860 (Incl. $113,788 $114,641 $92,422 $2,23 1,748 Jan., '05), (8 p. o.).... Surplus for year BALANCE SHKET DEC. 1904. 1903. Assets— $ Plant and patent 9.373,756 account Stock l,045,17tf other in Unearned companies Due from agencies Debtors Cash 85'', 006 927,057 149,i65 249.0U 575,702 J 397,088 200,000 Insurance reserve. Accident reserve.. 370,396 Bond int. 100.' reserve. Total 18,819,512 10,864,183 Total 00 25,000 820,254 Sundry creditors.. -V. 1903. $ 6,000,000 2,000,000 1,316,170 40.636 rental reserve 93,940 ) 841,751 175,000 75,000 25,000 890,725 18,849,512 10,884,183 80, p. 1176, 2346. Bell Telephone Co. of Philadelphia. President U. N. Bet hell says : There has been a gratifying increase In the number of patrons of your company and its controlled and sub- licensed companies In all parts of the territory. The extent of this growth Is shown by the following fieur»-B: Stations in service Jan. 1, 1904, 67,268; net gain In ons for the year, 16,229; stations in service Jan. 1, 1905, 82,4 97. New stock to the par value of $1,065,400 was issued during the year. Of the stock heretofore authorized, 40,000 shares (par value $2,000, staf 000) remain unissued. comparative statement. 1904. Stations Dec. 31, this company.. do controlled cos. do Telephone earnings Telephone expenses 1902. 40,837 1903. $3,559,702 2,810,803 45,544 21,724 $2,446,028 1,831,330 18,160 $2,010,010 1,572,743 $748,899 196,357 $614,698 315,542 $437,267 211,502 (,» .„,. > o-*.*»'^5 5 Not telephone earnings Net other income $945,256 $930,240 $648,769 (e%)36,010 (7ia)852,367(8%)658,469 Dividends Balance to surplus 0.) 1904. 9 Stock account 7,916,660 Bond account. ... 2,010,000 Contingent acc't.. 1,845,410 Revenue account.. 44,800 8,098,314 398,346 3^9.790 Stores on hand .... 1,284,931 Heal estate 31. lAaiflitiea— $ Total net income Total income $2,085,134 Total expenses Net revenue STATUS —While during the past three or four years thooompanifs controlled by you ha^ e snflf-red a great diminution of their normal operating profits, diiC to coil troversles with business competitors, InvolTlng not only litlKation in the courts but even praotioai Interfer enoe in the operation of your properties, snch as ihe blowing up or your nndergroand atopes and your mining shafta with dycamlte, we are glad lo report that conolsions recently have bee me much more satiefaotory. Ti econtetdlcg factions having reached amntual understanding, which has resulted in a cessation of controversies nndt-rground. enables your mining foremen and other employees to devote their entire energies to making profits for the stocktiolders. Orders have bt en reoertly placed for compressors, increasing your present capacltv by 40 per cent. The smelter is also undergoing en largement. and it Is confidently expected your product for the next fiscal year will reach 50.00( ,000 pounds. Litigation.— The recent decision of the Supreme Court in the Minnie Het»iy case has now finally and irrevocably settled the qaestlon of this title favorably to your interests. There Is no app»'ai from the Supreme Oourr of the 8 ate in this controversy. The ore bodies ex posed in the Minnie Healy and available for iamediare extraction are among the largesi ever discovertd In the Butte mlcing district, and in grade ccmpare favorably with the best ore bodies of the Boston & Montana Consolidated Copper A Silver Mining Co,, of which they are extenslonc This decision of the oourt of final resort is in line with every previous final decision by the same tribunal in controversies between the Amalgamated subsidiary companies and your own, sustaining the position of your management as to your rights in most of these coutroversles which have given Butte such unenviable notoriety. The United Stfttes Court. In its recent dpcislon granting an Injunction against the Parrot Company in the controversy with the Nipper Consolidated Copper Co., has also sustained the position of your management that the title to the ore bodies extracted by the Parrot Oo. is atleastdoubifal. 1904-06. 190304. Receipts— Jut. on Mon. Ore Pnrch. Co. bonds $60,000 $60,000 Int. on Nipper C. C. Co. bonds 1,50,000 150,000 Dividends on Mon. Ore Pnrch. stock 460,746 767.910 Int. on loans, deposits, etc 67,664 903,108 .$2,522,275 $2,933,654 Total receipts Expenses— Miscellaneous SI, 1905, J 1902. 1903. Telephone subscribers Dec. 31.... Bond United Copper Co. ^Report for the Fiscal Year ending May President F. Angosfus Helcze says, 2395 $109,246 $77,873 def. $9,690 The additions to construction account in 1904 aggregated $1,631,648, viz: Underground plant, $654,391; aerial plant, $645,593; equipment, $331,661. Total deductions Balance, surplus for year —V. 80, p. 1916,1486. American (Bell) Telephone & Telegraph Co. ^Reports of Sub- Companies for Calendar Year 1904, J Below will be fonnd the reports of the several sub-companies which issue printed annual statements. These companies are all controlled by the American Telephone & Telegraph Co through ownership of a majority of their issues of capital stocfe, except the Southern New E gland Teleybone Co., in which only a minority interest is held. The proportion of the share capital owned in each ease, together with a description of the cutstaEding seouritips, will be found in V. 76, p 596; also see V. 69, p. 1149; V. 78, p. 446; V. 80, p. 1978 and 1731. i Bell Telephone Co. No paiaphlet report is issued, but the followicg statement of earnings, etc., is obtained from a trustworthy source: 1904. 1903. 1902. 1901. Stations connected Dec. 31.. 36,611 23,043 ] 8.603 29,893 Gross earnlnge $1,246,285 $1,103,380 $979,786 $806,177 Total expenses 918,367 761,765 682,.570 669,509 Netearnings .$327,918 $341,615 $29-?,2l6 $236,608 the net earnings as above there were paid dividends amounting to 6 p. o. per annum, the rate for more than 20 years. From Resources — Total — Total. 1904. % 13,137,553 I,419,a99 AsSBtS"" CoBstruotion Real estate & acc't 8 receiv. Bills SODplies, tools and furniture Cash and deposits. Total .$8,463,661 7,041,418 1,196,122 Co. of Canada. Capltal stock 4,850,000 229,178 221,982 205,989 .13,999,98312,9528,050 , Surplus 43l,5o6 028,901 692,046 209,873 24,038 274,319 193,890 5,767 bills payable. Dividends Other reserves .... 100,030 613,1:9 TotaL 15,377,49514,028,927 Central District & Printing Telegraph (Bell Telephone) Co. Pittsburgh, Pa. The report gives the following information : Durlnsr the year toll stations were established in 39 additional towns, making a total at the close of the year of 980 cities and towns In which etatloufl are operated. There was expended during the year $H67,8S1 for real estate and for extensions to the plant. To care for these and similar expenditures contemplated for the year 1905, we contemplate offering to the shareholders some amount of new stock. number op Deo slalio7is. 31, 3904... .... .»>»,499 81, 1903... .... 60,662 Revenue— Exchange 692,777 70,885 Private line MessGncer Ue4l estate Dividends .ind 4,16 5 3,72 7 1P03. ir04. 727.289 22,091 I,6t12 int Sub-liccnsee 91,081 7.318 3.780 86,613 80,418 1.37H 3,249 42,532 Total 13,055,434 2.7S3.927 Net earninRS 8 per cent dividends Amount added stations. Toll stat'n s. $2.1.'53,000 SI, 855,808 Toll Branch Private ],9.'S4 18 1,684 Accounts Cash Total -V. go, p. 714. Sub- Total license. stal'ns. 992 653 66,610 56,744 19f4. Expenses— General Operat no; 1550,459 5b2.'-57 Maintenance Rental a d royalty Private line 813,988 126,^80 5,553 Messonuer * Re.sl estate Miscellaneous .... Total 4.S,014 2l.8(i3 50,349 391,240 23,«20 BH/,35l 530,2^0 133,499 1904. ...11.097,616 10,819,468 LiabUitUsCapital stock Accounts payable. Reserve, unearned rentals, Total. 1903. 8 $ 0.000 10,OCO,000 574,"474,182 3i5,699 151,913 lO.Oi Surplus etc $42,084 81. 1903. $ 1,386 2,623 53.168 $100,644 e,8u8,2fi8 1903. $148,744 549,800 785,663 112,262 $2,154,889 $1,991,843 $900,545 $742,084 800,000 700,000 to surplus 1904. $ 9,433,f7S 227.0' 2 2o,022 Pe5,927 37y,470 receiv.. 79,522 Asse's— Construction Supplies Tools and teams. Real estate line line. .... BiLANCB SHEET DEC. The directors in their twenty-fifth annual report say; Eight thousand nine hundred and eighty-eight subscribers have been adde": during the year, the total number of sets of Irstruments now earning rei tal being 66,160. The ctimrany owns and operates 475 exo) anges and 789 anencleg; long-dtsiance lines. 32,211 mllOK of Wire, an increase of 1,242 miles. 20,000 fh-»re8of new stock were offered to the shareholders at 25 p. o premium; 16,845 shares were paid up in full. The amount of $1,916,960 h»s been received on account of stock and $479,240 for preminm thereon. The latter amount, as usual, has been carried to contingent account. 1903. Liabilities- 15,377,495 14,028.927 Misceliaueous v. 80, p. 663. 1904. 1903. 80, p. 873. Dec. z Ten per cent new stock was sold to stockholders at par. payable Feb. 14, 1905, making stcck outstanding after that date $6,050,000.— Bell Telephone 392,473 $945,256 31. Accounts and Advances to controlled compies 81, 1904. Liabilities $6,463,661 BALANCE SHEET DEC. Exchange $5,333,278 Capital stock (authorPlant 448,673 ized »10,OOu,000)....z$5.500,000 Real estate 210,000 Surplus 133,798 Contracts and licenses. 190.658 Reserve accounts 53,426 Supplies, etc 776-,437 62,149 Bills & aoots. payable. Cash 21>',goa Bonded debt Noi.e Blll8Aaocte,reoeiv.,«&c. Net income as above. .$3,766,060 Total. -V. op Buffalo. BALANCE SHEET DECEMBER PROFIT AND LOSS ACCOUNT 1904. ExpensesExoh'nge & toll 8ervlce.$3,538,654 General Sknd t&xes $426,899 Procuring and handling Private and leased lines traffic and instruments 1,005,727 21,048 Dividends and Interest. 29,026 Malnt., ins. and rentals 1,239,917 Real est. and sundries. 139,261 167,332 Real est. and sundries. Earnings— taxes, 177,141 193,393 11,097,516 10,819,468 . President James Additions. p. 341. Chesapeake & Potomac The report, signed by President U. N, Bethell, says: CoNSTBCCTioN.—The additions to oinetrncMon aeoonnt have aggregaif-d *8S4.884, viz.: ExchanKe aerial, $89,269; underground conduits, $si*,0<ia; unaer«roDnd oabl^^s, *1h3,H4; equipment, $488,'<;82; toll lines, $3^,2l2. The work of reoonslruetfnK and enlartJlug the plart lo Washlngt n has progressed catlsfacrorlly; a loss of $60,000, Inoidenr to ihi abacdODment of nuagneto apparatus, has bean ohargeil to surplus earnlnes accrued duri ig preArious years. The comp *u has v largely extended Its ui dergroiiid line piH.nt, and, as reialred by O >ngresB. has reiuo7«^d Irs p lies aad overhead wiroB from the streets and avenues in a large seoiUn of the city. Rates.— In April, 1904, Coneress enacted a law fixing rates for oertalu c asses of service at private residences and for the offloi^il use of tht* District of Columbia, and at th« «ame tltn-^ repealed th>< telephone rate law of 1898. The litigation growing oat of the law of Iohs of $ :3,^89 1898 was f-atlsf^iotorlly disposed of during the yettr. In nnoolleot'ble accounts. Incident to this litigation, was charged to surplus earnings of previous years. Upon the enactment of the rate law of 190* your fill eotors decided to comply with It, believing that Congress would &Si>tA relief if the law proved to be ud) ast. FiBE—The Baltimore oonfljgratlon of Febrnary 7-8 resulted in a serloDS loss to the company. Out of about 5,000 telephones in Baltimore some 7,500 served by the 8t. Paul Ofniral Ofiloe (3,000 of them In burned district) were put out of service. The loss above Insurance Incident to this fire amounted to $145,6*2. which was charged to surplus earnings of previous years. (Compare V. 78. p. 1547.) It will be necessary in the near future to establish a central ofiSce of large dimensions in the St. Paal Bailding or elsewhere in the A 1 district. "04. »l,257,24l 122,404 66,708 22,291 Total. 36,403 30,482 21,705 Toll Real estate Bandrles Total 1902. $879,829 54,188 38,663 22,769 1903. $1,104,011 90,319 45,892 23,609 $995,389 f 1,468,644 $1,263,831 Expenses— General $222,542 424,117 838,664 84,697 Traffic Malmenanoe Rentals Real estate Sundries Total Net earnings 80.165 83,f>67 631 8.689 $1,450,816 $17,828 $1,076,436 $187,895 $232,054 $183,426 206,411 410,335 40.488 29,911 3,189 $854,948 $140,441 Deduct— Interest charges Sundry adjustments 1,326 Balance. def.$2 14,226 BALANCE SHEET DEC. 1904. AsiHs— ieo3. % % Telephone plant contraotsand licenses.'7,nB,8«8 Realpcta-e. 239,^44 Fnrniture & fixtures. 2,7 7 . Supplies. Accounts receivable. Cash. Stocks and bonds .... Total 353,533 443.140 54,382 21.501 Bar.$2,642 1904. 6.?8'?,384 273,374 18,830 266. 248 42l,3:'8 113.H7t 1903. $ $ {par 2.650,000 2,650,000 Bonded debt 1,886,000 1,424,000 Bi'ls payable ...8,724,^00 2,50",000 AccouQts payable... wilfiSi 216,201 10i,9-:4 Reserves 128,^94 Surplus 9,0j7 453.410 216J1 8,249,473 7,347,545 Total 8,249,478 7,347,845 Th'- adt^itions to constrnction account in 1904 aggregated 1884,884, viz : Exchange aerial, |89,289; nadergroand oondni^H, $89,005; underground cables, $183,114; equlpmeut, 1488,282; toll lines, $35,212.— V. 80, p. 1365. Chicago (Bell) Telephone Company. This company's report was given in our issue of Feb. « number of. Stations 37,102 $1,497,350 1.118,197 Gross earnings Expenses per EarningsExohanKB service Toll fcrvlce Private lines Real estate MisofUuneous 1903. 30.226 $1,294,838 977,734 $379,153 annum $317,104 (6) and expenses in .$4,027,117 $3,480,041 $3,070,163 $2,642,562 $325,982 828,630 Maint., reconstruc, etc.. 1,426,477 Real estate and misoel... 6,719 Total $1,148,116 295.295 4,699 35,072 14,167 $1,497,34^ $121,187 146,006 Dividends $277,838 391,755 314.200 6«.121 20,187 48,095 Interest BALANCE SHEET DEO. Assets— Oonstraotlon Real estate $1,118,196 $379,163 ^5^1"^ Capital stock Surplus Reserve Bills $4,3.%4,1S0 610,110 66,108 aad accounts pay- ble Total $200,268 449,997 1,159.145 1,225,266 6,735 10,328 1,186,586 7,620 $123,544 145,487 $80,720 189,094 1004. .Assets- $ 580,102 20H.835 272,854 419,816 1904. ll.3ri7.250 Bonds and debs 1,255,(100 571,0=*7 Surplus 1,622.«50 227.825 Res ve for renew. Bill!) and acco'ts 1,2-5,000 1,166,757 763,410 229,('89 861,6o0 payable (net) Undivided ..17.847,731 1903. 11,695,850 t . . 15,837,406 1,0.'4,371 18, J 657,148 12,400 68,219 6 MS? 204,669 318,297 198.927 ..17,847,731 15,837,406 profits. Total < 2,079,172 Due for real est.. Res. forcont. Ilab. Subs, to stock.... Total $678,583 $169,534 9734,086 LiabilltiesCapiral stock.... 14,447,805 and bullilDga Materials $843,017 $158,962 $893,048 1903. $ .16,366,624 Stcctsand bonds Cash -V. 80, $95,310 114,734 (7)818,674 (7)766,383 (7)623,208 (7)468,539 Plant Real estate p. 714. Hudson Riveb (Bell) Telephone Co. President U. N. Bsthell says in part Impbovements, Etc.— The additions to oonetructlon account during 1904 aggregated $527,916, viz.: Real estate, $36,945; underground conduits and cables, $65,227; aerial exchange lines, $146,192; aerial $127,322; central ottice equipment, $54,422; station e q alpment, $88,210; other equipment, $9,598. Real estate was purchased in Newburgh and Saratoga and new buildings at these places were Ofimmenced. New subway systems were constructed at Saratoga and Newburgh and additions were made to the existing subway systems at Troy, Albany. Glens Fallp, Pouehkeejisle and Hchwneotady. The Lanslngburgh and Glens Fails exchanges were equipped with new central energy apparatus. The cost of repairing damages caused by the severe storm of Nov. IS, 1S04, amounting to $34,689, was charged to surplus earnings of previous years. New Sublicensees.— a satisfactory sub-license and traffic agreement was made with the Gien Telephone Co., covering all of Faiton and Montgomery counties (except Amsterdam and vicinity) and the southern half of Hamilton County. A similar agreement was made with he Orange County Telephone Co., operating at Middletown (alI In this case the papers were not signed until after the close of the year), and with various other companies operating in thirty-three smaller places throughout the territory. These contracts will bring some three thousand or more stations into our system. though BABMINQB, EXPENSES AND CHABOEB. Pnvaie 1903. $6'J0,li72 12.456 22 191 29,886 240,240 3,85» 18,286 21,229 »938.364 $883,886 S;46,095 lines, etc.... Ri-al estate 19''4. 1903. Expenses $132,346 $109,619 General 216,665 Operating 237,453 240.510 Maintenance 210.142 41,7^5 . 37,033 L strument rent 11,188 Real est. and misc . 27,956 $619832 $^14,033 Total 675,807 $6,696,175 V8\<.742 (6 p. c) 144.326 234,372 $269,852 $16,890 234,390 Balance, snrplas. 1278*698 810,t44 $>'51,280 »18.57;J Deduct— Interest charges Dividends BALANCE sheet DEC. 1904. KesouTCfs— % Oontra'8 & licenses 601,852 Constracuon 4,381,298 Hupply department Real e«taie bonds Slocks Jli Accts. receivable Cash Total 7i^, p. . ... 81. 1903. % 601.352 3,875.838 68,ii58 66,v;35 287.373 10.000 153.698 27.344 250,429 lO.ono 11H,187 13,642 5,509,621 4,955,662 1904. lAdHUtits— % Capital stock.... Surplus Dividend 1904 und Total .3,906,201 . Debt Reserve , Feb. 1908. 916,669 .1,224,S83 3,275 1908. % 8,906,200 341.313 640,606 8.950 1. 58,593 SS,693 5,509,621 4,955,663 267. MisBOUBi & Kansas (Bell) Telbphohb Co. Prepident Al^nzo Bart says in subetanne: Extensions, Etc— At the close of the year the company had 67 exchanges, Inoludlng branches, an Inorrtase tor the year of 3; 35,570 exohaoge stations. Increase 6,.i27; 6,973 miles of toll pole line, Intoll wire, InoreaHe 2,102; 7,4 i7 private stations, Increase 1.39 <!. At the end of December 82 p. o of all stations were metallic circuit; by the end of another Progr-sn h*s also been year praotloally all should be so eqalpped. made In thf* sub-lloenxltig of Indepei dent telephone plants operating oreane 210; 3*,736 miles of Hue and sub-license towns where th« comi.>any has noexohan,:es. Compktition. Daring the year thnre has been a continued development of competitive telephone companies in the territory of your ci>mi>any. As at present organized the.v are not ilkel^ to retard the development of your oompany to a suOHtaniial extent. Early in the year the Kansas City Home Teleph me Co. opened Its exchangee In kansaM City, causing temporarily a considerable loss to your oimoany both In subsurlbors and revenue. During the latter months of the year your company has retrained many of th08« sabncrlb'-r* and a substantial recover? both la revenue and stations has already ueen made. It Is believed thst at an early date we shall r^oovtr whatever ground has been lost by reason of ihls competition in Kansas Jicy. In 31, 1901. Liabilities — $4,666,151 421,585 Aooonnts receivable... 196,244 g.'^h : lei.'ns BtooKH Kwned 87,400 Miscellaneous... e3,'677 $254,479 578,111 Total deductions $1,086,816 $1,035,414 Surplus earnings $855,494 $273,707 Total enrplus Deo. 31. ..$1,522,249 $1,166,757 BALANCE SHEET DEC. 31. -V. Expenses — Qenerat Oieratiig MiilntHnance InBtruments rental Total $807,598 697,442 $2,686,807 $2,170,920 $2,068,184 $1,794,456 $1,441,310 $1,809,121 $1,001,979 $848,106 Net earnings Deduct — Taxes (6) 1904. Net earnings -v.^^Tp.-aioy. Total Expenses— G^nuial expense Operating expense Net earnings Miscellaneous Total 1904. 1903. 1903. 1901. Total subscribers Dec.31 121,313 103,744 92,425 76,582 Exchange service $2,718,592 $2,401,305 $2,205,042 $1,891,726 Tolls 1,174,743 969,133 798.778 660,935 Piivate lines 1,504 1.318 3,684 3,451 Real OHtate 44.249 29,592 24.104 24,227 Other sources 88,029 78,698 40,516 62,224 Total Co. ^904. X, c. EARNINGS, EXPBNSB8, CHABOE8, ETC. Miscellaneous BABNINGS, EZPEHSES, ETC. Details of earnings Favobable Decision.— The case decided by the local Chancellor at Nashville in Ma.v, 1904, has baen dec! led unanimously In oar favor by the Court of Appeals, which says: "We find that the allegations in the bill that the defendant company's charges were unr-'a8:>nable and extortionate are not sustained by the proof. We find no ncjust discrimination between citizens of theS^ate, the localities and olroumstanoes all considered." Toll service 18, Prffiident E, B. Field says: The increase in the number of subeorlbers was 6,R76 (viz., from 30,226 to ST, 102). The total miles of exchange lines D.iC. 31. 1904, was 65.617 miles, an increase of 10,054 miles; toll line. 13,579 miles, an increase or 266 miles. The amount added to real estate was $12,001; to plant, $466,533. .^.Nf-t earnings Dividend rate p. 400 wide. Earnings— 1904. ExchanKe service... .1827,736 1905, p. 224, -V. 80, p, 710. Colobado (Bell) Telephone dur- toll lines 81. Liabilities— Capital stocli 1100) new exchanges were egulpped and opened The net gain In subscribers was 17,569, making the total at the close of business Deo. 31. 1904, 121,313 sabscririers, covering the greater part of six 8tates-an area of 1,000 miles long by $164,614 $166,795 288.333 631,051 53,001 Co. Caldwell eays in part: Interest BABNINGS AND EXPENSES. Earning$Exchange Thirty E ing the year. (Bell) Telephone Co. stations in sebtice and undek contbact. Baltimore. Wathinglon. Elsewhere. 15,8b7 15,952 Dec. 31, 1904 4,584 14.498 Dec. 31. 1903 11,951 4.033 Dec. 31,1802 9,161 9.138 3.406 [Vol. lxxx. Ccmbebland Telephone A Tbleobaph Cbntbal Union (Bell) Tblephoite Co. report has been received since that for lfi03, In V. 78, burned . THE CHRONICLE 2396 No : June THE CHRONICLE. 10. 1905.] BARNINOS, EXPENSES AND CHAHGES. 19n3. 19 4. Earnings— 847545 3W8,246 20 HIO 6i,U2i Total Exvenaes— $ $ Bxcbacge Toll Real estate Miscellaneous 1904. 891.163 $ 170,539 4- 6.869 S 90 000 General Operaiiast IS.:,-.'--. 6l.o3:j 1,328,323 1.303,795 IBOS. Maintenance instruiuent rentals. Keal est. and misc.. I 148 172 Prt9.7r,7 8611,(1" 63 408 6 5l6i0 ,.'. 101.^19 l.QSM'^S 1.0^9.718 Total Netearnlngs Deduct— Interest charges Dividends »245,>-68 $264,077 tS2,?80 all.341 $199,175 $199,175 .deM47,753 sni $64.91.12 $293,621 Balance. BALANCE SHEET DEC. 31. 1904. 1904. 1903. t 5,789,237 5,029.463 Assets— t Construction Keal estate ..... 1903, t t 3,58i!,400 3622.300 Bonced debt 61.08') 47n,000 57-,462 Accounts payable... 1,8 0,013 49«0> Surplus 97 721,^8 28,499 Keserves I60.t6 .6,398,511 5,580,648 Total Accounts recelv'e. Cash .. 24-,8i6 241206 263,6.'54 220,v95 7K,47t 27 330 Mlsceilaneoua Total lAahilitiss— Capital stock .^79, 1 2l,'<36 New Construction.—The expenditure for new construction during tbe year amounted to $1,292,795, of which $476 952 was for exchange aerial norptrnotlon, $i 60.220 for exchange underKround oondalc and cables. $271,194 f>r toll lines and $384,429 for eqalprnpnt. The expenditure fur land and buildings was $62-', 108. We estimate that the expenditure for maintenance and extentiona daring 1905 will ba + 2.000,000. Nkw Stock.— SabBoriptions were received and pavment made dorintf the year for additional shares of capital stock offered under circular of June 2, 1904. to the amount of $1,563,300. The second instalment, am< anting to $1.4)^1,000, was poidonFeb. 16, 1905. making the Issued capital $24,671 ,000. Nebbaika Tblbphone Co. President C. E. Yuat ^ay8: Net loerAaee In the namber of sabsorlbers daring the year wan 3,764. The Bumbftr ifsubsorlbere' stations at ihs oloee of the year 27,051 and of pabllo pay an<l toll stations, 6^0; thnre were 3,8S2 miles of toll pole lln«>8 and 17.847 miles of toll-line wire. There was expended for new Gonetruotlcn, $392,342. The new Omaht* ballding was oomplf'tf d and the new switchboard installed. Oar new t)ulloiug at Connoil Blnffo was coosplered and the new ewitohboard installed. was BARKINGS, EXPBN8BS AND CHABGE8. 1902. 1904 1003. Snbsoribera' stations Deo. 31 (No.).. 27.U51 33,287 18.858 Exobanxe service $6!SS,312 $650,019 $736,539 Toll service 338,7«l 316,799 27»,209 Prlvat- line 14,440 17,591 16,277 Messtnuer 31,056 33,4;9 80,766 Real es ate revenue 1.^,300 11.439 21,794 Dividends and Iniereet. ft,133 6,406 3,727 Mlsoellantoas 12.910 16,906 9,200 $139,427 247,t 02 420,000 51.313 28,339 16,146 HaiDteiianoe. BentM BT d royalty Messenger Real eKtate expense Mlecellaneons $906,436 $259,980 134,229 Net revenue (6 per cent) Balance. 1904. Real estate Stocks and bonds... 827,«0!j & flx., etc. 12,896 184,8-2 20.5(0 Furnliure Acets. & i,rt67 bills receiY. Cash .. l,7.'S6 Iti8,i40 370,000 42 6'iO 27,370 S 2.?36,fl48 144,738 192,64 1,867 2.H26 285, :w 46,6as ' 6,379 10.866 1,717 $76,828 $69,441 1904. 1903 $ $ 2.267.800 2,196,900 211,121' 336.7-0 1903. Resources— t Construction 8,628,991 SupDiy department.. 26,h53 LiaHlittes— Capital stock Surplus 7,070 xa7i,703 Reserve BUls&accts. pay'e.. 2S6,ii77 40, 237 100,664 ' 7,014 451 6.699) 6,744 below: 1900. 1(599. 118,610 97.962 67,077 62,586 457 459 > 7,587 7,666 13,176 9,951 6,844 2,419) 158,005 131.067 114,452 93,700 75,12160,711 stations Totalstatlons beoeipts and BXPENBES. Revenue— Exchange service 1904. 1903. 1902. 1901. $ $ $ $ 4,856,696 4.413,024 3.769,784 1,544.930 1,361,2«2 1,170.052 117,3h7 1!^2.380 137.445 112.498 66,559 66.222 70,126 68,693 10,052 3,672 1,800 1,800 118,724 100,154 44,867 54,586 5,216,013 1.759,8^4 T.iU service Private line and mlsoel... Messenger earnings Real estate revenue Interest Total 6,024,610 5,177,412 941.614 1,115,900 1.43S,774 1,284,571 2,156,217 2,045,987 314,986 288,548 251,876 15,185 1.263 11,129 66,425 70,600 68.0 9 3.764 1,084 1.099 222,184 208.348 241.546 826,139 978,714 1,771,290 254,234 14,774 68,032 622 226.125 7,323,661 Expenset— General and taxes Krlvatellne and miscel.. Messenger expense Real estate expense Interest Total Net revenue Dividends (6 6,692,865 1,108,821 l,«06,7ll 2,547,302 Operating Maintenance Runral and royalty p. o.) Balance, surplas 1 5.880.319 1,443,242 1,820.447 5,277,725 1,415,140 1,297,002 4,856,841 1,168.769 1,108,726 4,139,930 1,037.482 947,406 122,795 118,138 60,043 90,076 BALANCE SHEET DEC. $110,098 $857,310 $737,220 $192,597 $i6*,441 116,76(J 99,000 $126,751 BALANCE SHEET DEC. 31. Dec. Exprt'FS stations Private line Btat'na. Sublicense contract $905,660 420.000 44.0'5 29,998 7.488 4.533 4,563 2. 2,191 1,418 Interest Divldecds $134,896 31— 1P04. 1903. 1902. 1901. Mllps of exch. wlre.24».548 220.749 183,421 143,958 Exchange stations. .132,759 114,102 100,864 84,131 Expenset— General Operating — Resnlts of operations were as given Statistics, On 5,580,543 8.398.511 -V. 80. p. 874. $1,166,416 $1,049,907 2397 1904. 1903. Property & fian. .23.430,320 22,2a'<,919 l,v!9 ,795 1,801.401 Construction «»«,9a5 SupDly departm't. 1.377,2f9 702,5hi Real estate 74,454 StocKs & bonds ... 1,>32,.'68 1.07<',e6'i Accounts recelv'le 3,456.777 3,l'8.aort . Cash 371,425 Total —v. 31. 1F03. 1904. t $ 23,180.000 21.«16,700 Surplus 1,474,608 1,597.40 4,0<'0,000 4,000,000 Bonded debt 8H2.756 Accounts payable. I,2«5 0e5 l,720,24t$ 1,299.121 Reserve UabUlHes- Capital stock < 372,205 .31,762,714 29,063,185 Total 31,762,714 29,053,185 bO, p. 1858. Pennsylvania (Bell) Tblephonb Co. PfGPidpnt A. R Shell enberger eays in enhstance: Oenebal Results.— The total expenditure for maintenance was $38H. 828. being an Increase of $70,746 over 1903. The net increase In the number of subscribers during the year was 1,800. The requirements of the mortgai;e as to linking funds, agffregating $32,525, were satisfied from current revenae. The surplus was affected during the year by the charge for depreciation on ewltohboaros replaced since worn out or obsolete. A oonsldf^rable amount of new ann reconstraotlon exchange work was done, and its cost charged to expense. Construction, Etc —The expenditures for new plant, eqaipment and roal estate during thn year aggregated $329,98.'<. viz Exchange plant and equipment, $^18,018; underground conduits, $^2, 8t>0; an: Total X 3,l0a,160 2,908.830 Total' 8,102,180 2,9C8,830 $60,000 charged off to cover dearecla tlon June, 1004. -V. 80, p. 1081. New York & New jEBSEy (Bell) Telbfhonb Co. This coiup^n>'« report was given la the Chronicle of Mar. 11, 1905, p. 1057. Pacific states (Bell) Tblbphonb A Telegraph Co. priLted report has been received, but the "San Francisco News Barean" gives the following: The total expf^nded on plant and real estate during the year vr&a |2,228,886. BABHINOS and EXPENSES. Revesae Exchange Expenses— General..... $''46.(160 services 9S,122 476 OperaUn? 1,726.299 Tolls 1,646.799 Maintenance 2.100,000 Mleoellaneoas 155,231 Instrnment rentals.. 807,205 No — Mleoellaneoas. inclading interest.... Total 96,824,506 dergronnd cables. $25,009; real estate. $9.87l. Tht^ lollowlng various kinds of work was completed daring the year, vie: 79 miles of new toll pole lines; 72 miles of toll pole lines rebuilt and 38'^ miles of Iron wire replaced with copper wire; 625 miles of new toll wire was strung; 6,650 feet of addi ional undert^roand oondnit, embracing 49,350 feet of duct, was laid at Altoona, Lancaster, Scranton and Williamsport; 56.787 feet of additional undergroand cable was plao<^d in service; 149,960 feet of addlMonal aerial cable toll lines, $- 9,725; was erected; central office equipment of improved type was Installed at 16 exchanges; additional central office eqaipment was installed at Dine exchanges; central offloMs of elKht exchanges wr^re changed to new and betct-r locations. The reoonstruotlon of the Scranton plant has been completed The damage from the storm of Nov. 13 cost yonr company about $40,000 and was the oanse of the cnnsiderable increa-e shown in the item for maintenance. It was cared for by the eii ting reserve, accumulated to meet snoh emergencies. Stock.— During the year 6,479^ shares of new stock were 80 d and the proceeds ($823,983) applied to the extension and development of the plant and baeloeas. New 255,931 $5,l3n,485 Het revenue $ ,689,0/2 The company paya dividends at the rate of 7 p. c. per annnm no its capital stock, of which the San Francisco Stock Ezcbaoge still reports |t3,964,800 ontstandtog. Tbe limit uf stock issne was increased on Feb. 9, 1905, from $15,000,000 to |26,noo,^no. Total nCOMB 1904. Total of all stations Gross revenae Gross expense Net revenue Dividends paid (6 Atgett— Plant, ere Real estate $21,224,943 1,334,715 Stocks and bonds Sapplles Bond sinking fand... 561,953 Cash 213,317 Total 438.6.^8 8i0,<<oo $24,073,566 Bonded debt Balance bills & aoots. payable and receivable Surplas and reserves. Total Details of 1,254.500 6,854,286 $24,073,656 England (Bell) 6,0*2 14.657 19,010 MlBceUaneous $194,880 131,937 Expenses General Ooerating Maintenance Instrument rental Miscellaneous Interest Total 1 mpared with i26 138 at the ^nd of 19>3. $63,943 $968,486 Total $134,418 196,844 324,965 40,950 9,090 87,134 $742,897 $216,090 BALANCE SHEET DEC. Telbfbonb & Teleobaph Co. : In ad- were 13, To stations equipped with Ball telephones and operated by our enb licensees in small towns and raral districts, miking the entire number of fixohange and toll statlonn conns. 'ted with our system l'ii,27o. The Increase in subaorlbers exceeds that of any previous year. dition tht're Prlvateliue Real estate $216,090 160,609 — $700,580 219,197 Toll service 28,660 $886,969 692,088 Net revenae President TtK mas Sberwin says Stations.— The number of stations added to the exchange list of the company was 8,667, maklns; the total Deo. 31. 1904, 132,759. Inolndlrig ttie Southern Massachusetts. Northern, White Mountain and Vermont o< mp^nles, the exchange stations operated under oar management In Malue, New Hampshire, Vermont and MaAsaobuaeits numtered 148,0^9. as o Exohantse service 1903. 30.983 $953.4«6 742,396 $55,480 Earnings and Expenses in 11)04. Revenue— $13,964,800 8,000,000 -V. 80. p. 602. 874. Ni<,w p. o.) Balance balance sheet dec. 31 , 1904. Liabilities— Capital Bttiok ACCOUNT. jRMOttrfM— Plant Supplies on hand Furniture, fixtures, &c. 81, 1904. Liabilities— $3,458,441 10" ,311 25.s>33 Rf-al ^Btate 198,8<4 Binhlng fund 14u,vj27 Accounts receivable... Oarh 80,«»6 11,848 Ca. Ital stock $2,761,600 Surplus '247,324 Bonded debt 6^0,600 Reserves 44,287 Real estate mortgages 4,400 Bills and accounts payable 263,680 > $3,m71,491 $3,971,491 Total 31. 1903, $223,426; less for depreciation on switchboards, $31,582; leaving $191,844; add balance for the year 1904, $55,480; surplus Deo. 31, 1904, $247,324.— V. 80, p. 716. Total .. Note.— Surplas Dec. THE CHRONICLE. 2398 ROCKY Mountain See Chronicle of SocTHBBN March (Bell) Telephone Co. New England Telephone Co. over I,7.*0,000me8eage8 over onr toll line wires in the twelve months. Onr poUoy for the last few years of extending as fast as we can will be continued. Our work Is done on the theory that we shall some time, within the not very distant f atare, have 100,000 stations to manage. EABNINOS, EXPENSES AND DIVIDENDS. 1904. 1903. 1902. 33,208 $963,239 304,526 6,504 13,332 26,619 $807,658 267,249 6.649 16,833 21,110 $680,010 222,819 $1,287,591 $1,098,289 $183,401 $150,362 268.601 236,488 396.!^09 481,599 54,.<J52 46,139 64,786 65.506 2,223 4,789 $9195'S6 $133,256 213,972 297,882 46,182 52,869 $897,226 $201,063 $746,812 Btatlons, all classes (No.) Exchange service earnings Toll service Real estate P. L. and misc. service Total earnings Oeneral expenses Operatlig Malttenance Rental and royalty Interest Mlscellaneoas Total expenses $1,047,529 $240,062 (6)2io,000 Net revenue Dividends paid BALANCE SHEET DEC. 1803. AaseU— 8 147,500 Franchise 4,241,482 Constrnctlon Supply department. Ibl 3l3 2>'6.0.'*8 Real estate 61,fl«8 Stocks and bonds. . Total. .., $172,-?44 (6)172,501 $243 $14,013 31. leoi. $ 122.500 97,4t9 2,991 .5,018,410 5,634,873 . A cots, receivable... 2,651 1903. 226,321 135.004 10.400 li 9,828 105,149 Cash.. 6,421 10,306 (6)187,050 $62 Carried to surplus. lAabilities— Capital stock 1904. t $ 4,5( 0,000 82,>'09 3,5 ii',000 82,747 Surplus Boi ded debt 79.),500 Reserves 19,720 Bills aud accounts 625,443 payable Total 790,500 29,266 232,297 6.634,872 .5,019,410 p. 655. WESTERN (Bell) Telephone & Teleobafh Co. President Frederick P. Fish says in substance : Stations —The Cleveland (O.) Tel. Co.. the Northwe<>tern Tel. Ex. Co., the Sonthweatern Teleg. & Telep. Co., and the Wisconsin Tel. Co., whose seourltles constitute our principal assets, shiw a satlafaotOTy gain, bjth In the number of stations and In gross and net revenue. The number of exchanges at the end of 1904 was 32 s stations connected therewith 149,431; increase, 17,094. Tothlsnumber should be adnert 51,459 stations of suosldlary companies, some controlled by and the rest under contract with onr companies and operating In the smaller towns and rural districts, making a total of 200,890 stations. The increase of the number of stations of the latter cla^s, something over ll,uoo. Is an indication of the growing disposition in ail directions, on the part of the Independent companies, to make use of Ball Instruments and avail themselves of the advantages aff»rded by connection with our system. New Construction.— At the end of the year there were in operation 96.314 miles of toll wire, as compared with 91,847 miles Dec. 31, 1903. The expenditure for extensions has baen $1,789,271, of which $639,832 was for aarial cmstruotion; $233,159 for underground conduit and cables; $.^6o.419 for equipment; $280,324 for toll lines; $76,774 for land and buUdinge.and $i98,763 for exchanges and other property acquired. Eaenings, ETC.-The dividends received by this company for the year were $873,894. In the case of each of our companies there was a snb.^tantlal surplus of earnings alter payment of dividends. The dlviaends paid by this oompat}y, at the rate of 5 p. c. on the preferred Btock, have amounted to $800,000. earnings and expenses for tears ending januart 31. 1904-05. Earnings— 1903 04. 1902 03. Interest $529,«71 $475,179 $153,623 Dividends 873,894 763,043 850,587 MlBoellaneous 4,350 Total receipts Interest and taxes $1,408,215 $504,904 28,219 General expenses Depreciation Dividends on pref (5%)S0O,0O0 Balance, surplus $1,238,222 $505,350 25,510 7,730 (4%)640,0u0 (4%)B40,000 $59,632 $33,849 $75,091 BALAHCE SHEET JANUART As»et»— Btock*, bonds and 1905. $ 1804. $ notes acquired at or«aniz<ilon... 36,3S0,551 86,347,673 I'ropertj since ac.^qu'rea .. 1,587,614 220,378 Bills and accounts receivable Supplies 4,5=8.881 Cash and deposits. 1,319 073 8,834,535 47,H53 767,547 OiKaniza'n expeos. 51,0U6 Total.... . . 4R,f)Mfl 54.(j06 .4a,652,20.j 42,673,594 •of thlsamoaat, inO.OOils $1,304,210 $619,344 24,538 X86,4''9 31. 1905. 1904. I $ stock.. .16.' 00,003 16,01.0.000 Preferred stock. ..16,0(10.000 16.0 O.ooO " lH7,0o3 Surplus 93,480 Bonds 9,857.0j0 9,8s5.000 Ren. for retlr. bds. 143,000 of ErleT. &T. o. 145,000 LiahUiUes— Common ReHervf, including depreciation Bills and accounts payable Total 63,164 108,287 •421,788 371,827 42,652,205 42,573,694 for thu dlv. niyable Feb. 1, 1905. -V. 30, p. 1183. GENERAL INVESTMENT NEWS. RAILROADS. INCLUDING STREET ROADS. Alabama Greiit Sooth em RR.—Dit;iien£i.- The directors have decided to pay an Interim dividend of £4 per cent (88. per share), less rax, on the "A" preference shares to holders regtetered on June 10, 19J6.— V. 79, p. 2641. Aurora Elgin & Chicugrn (Eleolric) Pool DisRolvedThe $8,(100,000 bond pool expired by ilmitatioa on May 31, the to extend the agreement having failed.— V. 80, p. 2319, ioo'7^ Ry— 1284, [Vol. lxxx. County, Ontario, on June 11, 1905, p. 1061. Prcs'dent Morris F. Tyler eays in part: General.— We have added to our numb«»r of statloDS 6,589, making the total namber on Deo 31,1904, 33,208. Ten jeare ago we hal 5,586 stations. Onr average yearly rental from each telephone has, however, been dropping for a number of years On Dec 31,190.S,1T, was $31 80; on Deo. 31, 1904, $30 31, and we have sent something -V. 80, — : ; . 30, 190'), for th^ purpose of author- izing the issue of bonds, debenrnrea or other secarities, and the execution of a mortgage securing the same. Edwin Bell ia Secretary. Chicago & Alton Rj.— Descriptive Pamphlet. N, W. Halsey have compiled a valuable p<imphlet of talrtyone pages, inciuding illastrations, describing in detail the prooertiss, bonded debt, income account, etc., of the Chicago Alton Ry. Co.— V. 80, p. 649, 471. & Chicago City Ry.— Proposition to Sell -Suit by State.— See Chicago Union Traction Co, V. 8 \ p. 2342 80, p. 1727. Chicago & Enstero Illinois RR,— Dividend Action —The regular quarterly dividend of l^ pf-r cenn on the pr>-ferre»d stock has been declared, payable July 1; books close Jane 14 and reopen Jaly 3. No action has been or will be taken regarding a dividend on the common stock, as the en'ire issue has been exchanged for St. Louis 8an Francisco stock trust certifi '.ates, which latter will receive dividei ds in regular course without formal declaration. The same course will be pursued in reference to the dividends on the 'Frisco stock trust certificates issued for the Knosas Citv Port Scott Memphis Ry. preferred stock.— V. 8U, p. 3219, 1858. —V , & & Chicago Great Western Ry.—SfM& ndiar?/ Increases Stock. Masnti City & Fort D )dge RR. bwlow. Special Meeting of ahireholders, A special meeting of the shareholders has been called for Sept. 7, but the purpose of the meeting has not yet been made public. V. 80, p 2319, —See — — 1970. Chicago Indianapolis & Lonisville Ry.— Dividend Increased.— A semi-annual dividend of IJ^ p. c. has been der.lared on the common stock, payable June 28 to stockholders of record June 7. Tois contrasts with l"^ p, c semi-annually in 1904. The Louisville & NashviHe and the Southern Railway own 93 p. c. of the |10. 5(10,0 J; common stock and 77 p. c. of the $5,000,000 preferred 8100*. -V 80 p. 821. pecial Dintnbution. Chicago Hock Island & Pacific Ry. —This company, whose stock is nearly all owned by the Chicago Rock Island & Pacific Railroad (subsidiary of Rock Island Co.), will, it is announced, make on Jane 17 to stockholders of record Jane 16 a special dividend of $1 63 cash per share, by way of distribution of the Item 'stoi^kholders' improvement loan, $1,222,941," which appears among deferred liabilities on the balance sheet of June 30, 1904. Aq official statement says The item oouslsts of $750,000 transferred in 1885 from Income ao- addition and Improvement aoo«unt, •463,000 Blmilarly transferred in 1886 and certain small unpaid baianoi^s upon addlii >n and improvement bonds Nob. I to 4. hereinafter referred to. For the amount so transferred in 1885 ($760,000), the company in Jane, 1885, iasued its Improvement bond No. 6, wher«ln it »okuowledged itself to be indebted to the Treasurer in the som of $7a0,000, which sum it promised to pay twenty years thereafter with lawfal money of the Cnlted States, or with full-paid shares of capital stock, as the company should at the time elect. The bond farther provided that when the same should be paid the proceeds should be distributed pro rati! to those who should at the time be stookho ders of tue company. This bond was of like tenor with addition and improvement bonds Nns. 1 to 4 previously Issued, aggregating $7,000,000, all of which were paid by the distribution to stockholders on Jaly l, 1898, of shares of capital stock aggreitatiDg 10 p o. of the then holdings of all stockholderri, and by the payment for the period from July I, 1898, to Jan. 1, 190S. of a special quarterly dividend of 14 of 1 p. o. on the capital stock then outstanding. oonnt to tbe cr»-dlt of Coal Properties ~ Guaranty of Interest. —See Consolidated lad'ana Coal Co. undsr "I .dustrials" balow.— V. 80, p. 1856, 1728. Chicago & South Shore (Electric) Ry.— Sold.— A.t the foreclosure sale on M»y 28 the prop^^rty was bil ia for Mallory of Batavia, III., and T. W. Spence $150,000 by A. representiug the bondholders, who of Milwaukee, Wis,, Michigan City Traction Co. have organized the Laporte wi h $400,000 of authorized capital stock and $350,000 bonds. This stock will be assigned to the ladiana R ill way Co., press walch corporation will guarantee the bond issue. despatch t-tates th'it the Indiana Railway Co. has caused the Western Ry., with $100,000 corporation of the South Bend capital stock, to construct an Interurban line from South Bend to Lupoi te.— V. 80, p. 1728, 1362, D & A & Cincinnati luter-Terminal RR,— Stock O^ered. —Radolph Kleyboite Co. are offering at 108^^ aod aocrued dividend rb« iseueri portion, $650,000, of a total authorized Issue of $1,000,000 guaranteed first preferred 4 p. c. comaUtive stOQk, par of shares $l( 0, non-taxable in Ooio, sutij-'Ct to call at company's option at any dividend perioa after Feb. 1, 1^15, at 105 on six mooths notice; dividends payable F«b 1 aud Aag. 1 at the offloe Irj Cincinnati. An advertisement says: Dlvldei ds on thl^ issue of stock are nnoonditlonally guaranteed by & A Transfer & Bridge Co. the Covington AClncionatl Elevated RR and are further Ketmrfd by contract oblUati -ns of the ()iih8 ipedke & Ohio Ry. Co. and the Louisville * Nashville RR Co. The Oivlogton Olnclnnaii Elevated RR. & Transfer & Bridge Co. has tonal assets of over $5,498,000. agHlnst watch it has a funded debt of «j,500,000; the Chesapeake & Ohio Ry. Oo. owns all the srock and all the bonds. The lands owned In fee simple by the Cincinnati fnter- rermlnai RR. Oo. represent an expenditure of approxlm'ttely $150,000, while the Htruotureslu prooessof erection will cost between «20o,Oi)0 and $250,000, brlniilng the total outlay up to $650,000 to $700,ooo. Th^i property conplsiM of an overhead sTuoture ot steel with oo(icrt>te f<>undatlons. extending from the Cincinnati end of the Onesapeake & Ohio bridge to the Cincinnati terminus of the OinclnuatI Hamilton &i Dayton Ry.. and ihe necsBsary surface tracks con neclinif the (MiesapeakeA Ohio main line with the Inter Terminal's freight yards.— V. 80. p. 1 & Cincinnati New Orleans & Texas PaciH; Ry.- Dividend Increased.— A dividend of 3 p. c. has been deciar-d on the c 'mmoa stock, ;payable Jane 15 to holders of record Jane 9. Chatham WallHcebnrgr & Lake Erie Rj.—Seeuritiea Pro- Previous distributions to the comm m shareholders were posed.— The shareholders will meet at Chatham, K-^nt 2 p. c. Djc 1, 1908; 2 p. c, Sept. 1, 1904,— V. 79, p. 3143. — : June — — — THE CHRONICLE. 10, 1905.] 2399 CleTeland CiBCinnatl Chicago & St. Louis Rj.— Circular Regarding New 8tock 1ssup..~A circnlar states that the hold- in the city and suburbs and 5 miles to Malabon. pany Is also supplying light and power for private, era of both ciaesea of stock of record April 29 will be permitted to subscribe and pay for at par from June 22 to Jnly 3, inclusive, for $7,600,000 of the ($11,800,000) new common stock to the extent of 20 p, c. of their respective holdirigs. Certificates of stock v?ill be issued after June 22 for all full shares. The meeting to authorize the new stock was adjourned from May 31 to June 21 in order to extend to the preferred shareholders the right to subscribe. See V. 80, p. 1911, 2848. and Q-overnment use from the same power house. The corporation is chartered in Connecticut and is capitalized for $6,000,000 common stock, all issued, and $5 000,000 fir^^t mortgagH 40 year 5 p, e. gold bonds. Of the bond*, about $4,3 10,0 )0 have been issu-^d to date. Direotora (and offlaers): Coloraslo Ssnthfira New Orleans & —The following officers are announced: Pacific ER.— Officers. President. O. O. CordiU; Vice President, Frank B. Hayne; SecretaryTreasurer, H. Generes Dafour, New Orleans, La.— V. 80, p. 1971. The communicipal Charles M. gwlft. Detroit. President George C. Smith. Pittsburgh, Fred H. Reed, New York, Seoretftry and Treasurer; Vloe-Presldpnt Frank H. Bahl. Bharon. Pa.; J. G. White and Henry J. Oonant, New York; Richard T. JUaflln, ff>rmerly the General Mtmager of the Worcester Consolidated Street Rillway system, 2d Vice Piesldent and Gen: ; eral Manager. The system was designed and constructed by J G. White & Co., New York, who are engaged in much other construction work in Manila and elsewhere, including An electric road between Alton and East St. Louis, III.; also between : Colambas New Albuny & Joliustown Traction Co.— iVeuj Mortgage. —This company has canceled the mortgage for EiwardsviUeand Granite Ciry, 111., and Rochester and SyrKCUse. N.Y.; the London <Eng.) tramwa.vs, and enterprises at WllSesbarre, Fa.; |2C0,(J0u made in December, 1900, to the Cleveland Trust Co., Mon'erey Mexico; San J aan, Puerto Rico; Belfast, Ireland, and In trustee, and has made a new mortgage to the Columbus (O.) South America.— V. 77, p. 36. Savings & Trust Co., as trustcje, to secure $450,000 of 6 p. o. Mason t^ity & F.irt Dodge RR, New Bowds.— Simon Borg first mortgage bonds payable Jan. 1925; denominations, p. 117. DoBver & Rio Grande RR.— Results for Year 1904-05.— An oflBcJal st&tement reports the surplus over chargf^s for the ten months ending April 30,1905, as $2,816,445; estimated surplus for May and June as $454,484; total, $2,770.9^9; 5 p. This c. on pref. stock, $2,250,000; balance, surplus, $520,929. compares with previous years apparently as follows: 1903 (1905 partly estimated.) 1906. 1904. 1902. Surplus over charges... $2,770,929 $2,454,413 $2,405,764 $2,582,625 5 p. 0. on prelerred stock 2,250,000 2,220,000 2,220,000 2,220,000 Bal'ce, snrp. /or year. -V. 80, p. 2219. 871. Detroit Toledo $320,929 $234,413 $185,764 Acquisition. —V. & & —The legal details are being arranged for turn- ing over the Ann Arbor RR. to the Datroic Toledo & Irontoa. 80, p. 2344. New York City.— Diuidirectors on Wednesday declared a quarterly dividend of 2 p. c, payable Jaly 3 to holders of luterboroagli Rapid Transit Co., dend Increased, record June V. 80, p. c— 12, —The The dividend paid on April Co. are understood to have placed a conCo. and Blair gold siderable amount of the $12,000,000 50-year 1st mort. bonds among customers at 92 and interest. The road forms an integral part of the main line of the Chicago Great W<=<8tern eystem from Chicago and Minneapolis to Council BlnflE^, entering Omaha over the tracks of the Union Pacific. It has important terminals in Omaha, Council Bloffs and elsewhere. Its first mortgage debt amounts to only $31,736 per mile of road, while the total cost of the property per mile, including terminals, rolling stock and interest during construction, is reported as $46,712. President A. B, Stickney of the Chicago Great Wf>gtern Ry., under date of April 17, says The line between Council Blutfs and Oelweln has been constructed In a most substantUl manner to carry the large trafflj of a through main line. One steel viaduct 3,300 feet long, spanning tue Dss Moines River, cost about $500, oOO. In connection wltb the Ohlo>i<o olreat Wf^stern, the road makes the lowest grade line between Omaha and Chicago. The Chicago Great Western Ry. no. owns all the outstanding common stock of the M. C. & Ft. O. RR and the latter will be operated for a period of 100 years under lease, by the terms of which the M. C. & Ft. D.RR, Is to receive 60 p. o. of Joint passenger and traf- H : — & $362,625 Iront'>n Ry.— President. George M. Gumming, President oi: the United States Mortgage Trust Co,, has been elected President of the Detroit Toledo Ironton. & & 1, $500 and $1,000.— V. 80, 4, 1935, was \% p. 2844, 1912. , fic receipts. The net earnlDgs of the Mason City & Fort Dodge RR C >. under thla contract shsU constitute a fand, to be carried in the acoouafs of the Great Western, for the bont^flt of (1) the first mortgage bonds and (2) junior securities and preferred stock issued by the M C & Ft D.RR. Co. The sum to which the junior securities and preferred sti.ck shall be entitled In any one year shall not, however, exoned $31:^.600, and any portion paid lo the Great Western upon any janlor seourltles or Kansas Citj -Leaven wortli (Electric) Rj.— Change in Control.— Fifk and Robinson, for themselves and associates, preferred stock held by It shall be re-or»-dltecl to tne trust, fund. From during oonstractlon up to D.'io. 31, 1904, $778.0 19 had aohave recently purchased substantially all of the bonds and operations cumalated in this fund, and It Is estimated by June 1, 1^*0^, when instock of this company. The name of the corporation will be terest commences on these bonds, that the amount will be about changed to Kansas City-Western Railway Co. Toe total $l,000,OuO. The trroes earnlEgs during construction averaged $3,700 mile operated, and it would seem coEKervmlve to estilengta of line, including mileage in Leavenworth and Kansas per annum per completed line will shortly earn $5,000 gross per mile mate that the City, but excluding trackage rights, is 34'3 miles. The line net earnings at least $2,000 per mile. It requires only 4Jl,2!^0 a mile will terminate at the Viaduct, between Kansas City, Mo,, to pay Interest on the first mortgage bonds. and Kansss City, K^insae, to be constructed within two years Increase of Capital Stock. The company has filed a certifby the Kansas City Viaduct & Terminal RR. Co., the railway icate increasing its authorized issue of capital stock from company having the right to use this viaduct. $20,000,000 to $34,00[),000.— V. 80, p. 1363. The bonded debt will consist of $1,500,000. out of an auMempliis (Tenn.) Street Railway Co.— New Directors.— thorized issue of $5,000,000, 20-year 5 p. c. gold bonds; capital of a stock, |.^,500,ODO. The new bonds are for the purpose of This company, which recently pasaea under the control Newman Sc Sods of New represented Isidore syndicate by refunding outsfanding bonds, liquidating floating debt and providing capita!, under careful restrictions, for betterments, Orleans and New York and Ford, Bacon & Divis of New equipment and extensions. The only offitiial thus far se- York, has been re-oapitaUzed on a plan which will largely inlected is the President and General Manager, Conway F. crease the present bond and stock issues. In ord r to provide for extensive improvements to the property. The board of Hjlmes,—V. 74, p. 84. ; — directors now includes Kansas Ctty Onter Belt (StOBm) & Electric RR.— i?onds Thomas H Tutwller, Memphis, Tenn., President and General ManO^ered.— This company has an authorize 1 issue of $3,000,000 ager; John R Pepper, Memphis, Tenn John H. Watklnn, MHmphls, first mortgage 4 p. c. 50-year gold bonds, dated April 1, 1903; Tenn,; W. B. Mallory, Memphis, Tenn.; Dr. W. B. Roj^ers, M--mphi8, $2,250,0f 4 D. o. preferred stock and $3,500,000 common Tenn.; J. K. Newman. New York City; Geo. W. Bacon, N Y. Oity; Geo. H. Davl-<, Y. City; A. H. Ford, N. Y. City; Percy Warner, Nashville, stock. Toe United States & Mexican Trust Co. is now offer- Tenn.— V. N. bO, p. li-&8. : ; ing $500,000 of the bonds at par, "the proceeds of which, with the bonds already sold, will be sufficient to build the main double-track line and the bridge over the Missouri River." This will leave $1,000,000 face value of bonds in the treasury for extensions and betterments, as the demands of the future may require. Subscribers will receive with each $1,000 bond $150 in preferred stock and $150 In common stock. It Is estimated that not over $2,000,000 of tbe bonds will be needed to finish n.ud eqaip the entire road. See prospectus, V. 76, p. 331.— V. 80, p. 871. Kansas City-Western (Electric) Rj.—Nero iViime.— See Kansas City- LT-aven worth RR. above. Lebi^h Vall^'y Traction Co. Purchase of Subsidiary Company Bonds. The reorganization committee has parchnsed substantially all of the minority bonds of the Philadelphia Lehigh Valley Traction Co. and the outstanding bonds of the Allentown &"Siatington Co. at prices reported as 45 and 75, respectively.- V. 80, p. 1971, 1912. Little K<ina\ilia RH.— Wabash May Buy,— Joseph Ramsey Jr. is quoted as SHyini» I have no donbt that the Wabaoh Is going to bay the f yndloate out. Mr. Gould, U should be remembered, Is one of the largest ^tockholdeis In the Littie Kt>Da\«ha Hyndloat^^. This syndicate wae formed lo build an eastf^^D exteofalon for the Wabash Railroad. It stlu is Intended that It be U!<ed for that pnrpose, and so far from there being a break In the negottatlonB between tbe iwo partien, I can say that urrangemeuts — for the transfer ( f this property are being V. 80, p. 2:^x9. Compare & made at the present Mlxmisbarg &6enaantown Traction Co.— Bond* Offered. —Claude Ashbrook ot Cincinnati is offering at 103^ and inby advertisement on another pag»^, the encir« issue, mortgage 5 p. c. bonds, due December, 1911. The Cln. D*y. & Tol. Traction Co. owns the entire capital stock and has assumed both interest and principal of these terest, $50,0,00, of first bonds. The C. D. & T. Traction Co. is leased to the Cincinnati Northern Traction Co. at an annual rental sufficient to guarantee the interest on all outstandiog bjnds, including those of the constituent companies and dividends on C. D. & T. stock.— V. 80, p. 2345. Oregon Short Line RR. Abstract of Mortgage.— On pages 2403 to 2406 of this issue of the Chbonicle will be found an abstract of the refunding mortgage ot D«o. 1, 1904, authorizel issue, $i 00,000,000; present issue listed on New York Stock Exchange, $15,000,000. Ttiese bonds were made chit fly to refund toe 4 p. c. and participating bonds called for payment at 102>^ and interest Feb. 1, 1905. See V. 80, p. 1913. Balance Sheet.—See V. 80, p. 1916, 1913. — Pennnjlvanla RR. Eight ^.en- Hour Trains to Chicago, Both thta company and the New York Central & Hudson River RR. announce a reduction in the time between New time.— York and Cblcago on their limited trains from twenty to eighteen hours, enabling the traveler to hsive practically the Maniiu Electric HR. & Lighting Corporation. —Road in entire day in eithsr ctty and return home at night. The Operation.— This company commenced on April 11 the oper- Pennsylvania train will begin running on the reduced time ation of its electric road in the city of Manila and by July 1 schedule to-morrow and the New York Central train on will have in operation about 40 miles, of which 35 miles are June 18. See page 2367.— V. 80, p. 2220, 1913. . THE CHRONICLE. 2400 Baleigh A Southport Bj.— Consolidate on.— Toia necv oorporattOD, it is annonnced, has taken over bv consolidation the pr pertv of the Raleigh & Cape Fear RR in opera' ion from Raleigh to Lilllnpton, N. C, 34 milea, of wiaich 2 miles An extension to Fayetteville, 80 milep, is pro trackage. posed. The stock of the Raleigh «fe Cape Fear RR. has »)een exchanged for the stock of the new company, doli ir for dol lar, the lattei's share capital being issued at the rate of |10,. 000 a mtle. Bonds will be ieened at $7,000 a mile, with $1,000 a mile additiocal for new equipment, and a block of |30,fl00 for bridge over the Cape Fear River. There will also be $167,000 of the bonds reserved to take care of two lesnes of Cape Fear bonds. The new mortg'i«e is authorRaleigh ized for |3. 000,000; dated June 1, 190'^: due 1965; 5 per cent gold; interest June and December; Knickerbocker Trust The first issue under the mortgage will be Co., trustee, $300,010, to be a first lien on 30 miles of new road, the bridge The bonds will also be a lien on the 82 and equipment. miles of old road, subject to the underlying bonds above mentiored. The new bonds have been taken by F. J. Lis man Co. President and General Manager, J.>hn A.. Mtils; V. 79, Sec. andTreas., F. T. Ricks, both at Raleigh, N. & & C— p. 2589. Roeb Island Company.— Spec fai Dividend 62/ ''lubaidiary— Coal Proptrty ana Bonds. See Chicago Ruck Island & Pact fie Ry. above -V. 80, p. 118. St. Louis a San Francif>eo UR.— Stock Truftt Certiilcate Dividends. -Qee Chicago & Eastern Illinois above.— V. SO, p. — 1857, 1729. (The) L. A. Thompaon Scenic Ry.Co. of New York.-Sfocft Peered. —This New Jersey Incorporation, whose to'al capital stock is $1,000,000, is offering for sale at par ($00 per share) $300,000 treasury stook, "to cover cost of numerous new systems now being installed throughout the country and others projected." Aq advertisement says: The company baa paid 10 p. 0. cash dividends for el)tbt years, and recently 100 p. 0. stock dividend to cover the aooamalated assets tbat have qaadrnpled In ten years. The company has do debtn or bonds other iban the cost of properties under constraotlon this year. Offlues, 302-304 Broadway, New York. President, L* Marcus A, Thompson; Secretary, Gerald Berry; Treasurer, Albert N. Harris. Toledo a, Western (Electric) Ry.— Purpose of New Stock and Bonds. —Touching the oall for a stockholders' meeting to be heJd June 24, a circular says : "If he capital stock be increased from $1,800,000 to f2,5f'0,000, as suggested, the additional shares would remain in the treasury unissued, and be issued only in connection with the construction or acquisition of new lines, so tliat there would be no stock increase upon the present mileage." The $2,500,OCO new bonds are to be used only as follows : Reserved to retire $1,8K0,000 T. & W. istM. bonds $1,250,000 do do 250,000 T. P. AW. 1st M. bonds 250.000 Issnable, as occasion may require, for purchase of addif qulpment, rolllcK stock, power, or bettermen's of whatsoever kind required, and paying any unfunded tional obllKatlons 409,000 Reserved Issuable only for the aequtBltlon of new lines, or the extension and eqalpment of lines by the railway oom'y 600,000 The o£Bcial circular in explanation says : Within the past two years many business enterprises have been estabilxhed alnnx the road, such as grain elevators, stave and heading factories, brlck-maklDg plants, stone qa^irrles, canning factories, saw mills, lumber aiid coal yards. Tbe Ooutlnental Sat^ar Oo Is now engaged In building sugar works at BUsetield. IVIloh., at a cost of «900,000, wlih a capacity for siloing 600 tons of beets perday. ThU important Indasiry will require the dally use of many oars not only aorlngthe sogar-beet season In hauling beets, but throughoat the year In shipping the llnlshed product and bringing thn necessary supplies. By leason of the foregoing, the railway oomp«ny ban been obliged to Install numerous sidings and purchase frel^^hc equlpmnnt far In excess of anyihlng contemplated when the roal was constructed. Tbe buxluesH of the line renders It Imperative that provision be prom i>tiy made for additional rolling stook for botb passenger and Itelght business, and for additional power. The pret-ent western termltius of the road U at Pioneer, In Williams Oounty, Ohio, about KO miles west of Toledo. At ibis time various electric railway lines are In process of constrnotlon In the territory between tbat point and Ohlcago, and It is reasonably cercaln that In the near fntaru we shall be able to make a western connection (which would be of ui questionable aflvantage), either by the extension of our line or by acquisition of some line already In operation V. 80, p 222 1 — . Twin City Rapid Transit V,o.—RtgM to Subncribe.—A.ll shareholders of record on June 7 are offered the privilege of subscriblDg at par from June 20 to July 5, inclusive, for $1,000,000 new common stock to extent of 5 p. c. of their respective holdings. Subscriptions must be oild iu full at once at Farmers' Loan «& Trust Co., New York. The new stock certificates will be issuable at the office of the trust company on and alter July 1. Full-paid warrants not exchanged for stock certificates prior to Aug. 1, 19('5, may, at the option of the company, be redeemed in cash at tne face value thereof.— Compare V. 80, p. 1914, 2221, 1973. YouDjfstowa & S>athern Rallway.-Soud Offering,— Ihe control of this property was recently purchased by a Youngstown, 0.. syndicate. Baker, Ayling & Co. of Boston, who are off. ring (at 97 and interest) a block of first mortgage .'iXfrioking fund gold bonds of $l,0ii0 eaoh, dated Uct. l,iao.i, due Ojt, 1, 1923 (interest p-tyabie April and Uctober at New York Trust Co,, New Yorh, trnste-), say: Capltallzuion: Stock, authorized and Isanei, $1,800,000; bonds. %• »athor.zeil. $1,500,000, a ttrat mortage upon all owned or hereafter acquired ^*>"'P»';y «»»« orgaiilzsrt under ibe gnnerai railway laws of Oilo tr. rt« I'^l^-^l-Ker ""I freight business between YonnKstown i^rt p^.t I"'^^!*'" •'^''"•"- ^?'*'' *".'* '" operate certain ooal mlues along Its »n.. wh i completed une. When as planned, the company will own: Mainline ' ^^^L?,*''**''"'"' property iiow [Vol. lxxx. situated apon a private right of way, 51 ml es; second trtck and spurs, 10 mllep; total, 61 mllef; and coal lands own^d or leased, over 7 OtiO acres. This road wUi establish a direct; connection be'ween two Importao tmanufac'urlngcl ties— YouDgitown and E'»Ht Llverpotl— and will develop a fertile territory now handicapped by the lack of railroad advantages. Tributary population about 200,000. TbH company's coal lands amfiunt to over 7,000 acres containing bltamiaoaa and cannel oohI, and are situated at North Lima. 8 miles from Youngstown, and at West Point, 1 1 mllea from East Liverpool; 1,0 O acres now being mined. The coal proi erttea at North Lima are held under perpetual leases while those at West Point are owned by the company. The company Is acquiring additional mining rights and expects to own or have under perpetual lease over 8,U00 acres in the near future. A.11 coal lands ana rights, as well as the railway, are covered by the mortgage The first 16 miles of the road, from Youngstown to Oolum^lana. are now In operation, and a regular schedule for tbe handling of both pasaenger and frnieht business Is being maintained, wlh connections at Youngstown with Ave through railroads and the local eler^trlo lines and at Colamblaoa with the muln line of tbe Pennsylvania RR The rLlne has been developed to a present capacity of about 30«« tons per day, which can be rapidly Inereased as necessity re qalres. Estimated cost of road connplete and mining machinery, $1, •'00,000; value of present ooal holdings, $=>00,oao; total. $2,300 00. Estimated net earnings: R>iilway. 4:94,000, mines, $lOO,o(iO; total, $1^4 4,000; bond Interest. $75,Ooo. Tbe above figures are based upon a pa'-senger and coal freluht business of ,:5'i,<'0o tons annually without, connidera'ton of other freleht, express or mall buslress, or other sources of Income. The normal coa' prodaotlon after tbe first year or two is expected to be from 400,000 to (soO.OOO tons. Dlreocorr: J, ha Stambaugh (President), director Dollar Savings Trust C »., President Realty Trust Oo.. Secretary- Treasurer YoungstownSteel Co O P. Phelps (Vice President), C. P Pheips &Co.. Boston; 8. J Dill (General Manager), Youngstown; A. £. Adtms. President Dollar 8 vIuks & Trust O ».; O. H. Boutb, director Dollar < & ; Savings & Trust Co., Manager United Rng. <fe F undry Co., Youngsti'wn; Richard Qarilck, director First National Bank, Treasurer Younxstnwn Iron beet & Tube O >.; R O. Steese. director Dollar Savings & Trust Co.. Gen. Supt Brier Hill Iron & Ooal Co.; F. D. Wilherson, Treasurer Blwabk Iron Mining Co., Yoangstown; Co., Boston. Tbe above Youngstown G. B Baber, Baker. Ayllng directors represent tbe new local Interests which have recently parchased a large block of tbe stock. The 18 miles so far in operation are operated as a steam railroad, aithoui;b eventually it ia the intention to operate by electricity.— V. 77, p. 2160. <*te INDUSTRIAL. &AS AND MISCELLANEOUS. Alabama Consolidated Coal & Iron Co.— Earnings —This company, controlled by the International Power Co., reports net earnings for the six months ending April 30, 1905, of $336,743, although fur a period of four mouti-ia 33 per c^-nt of furnaces were blown out for repairs. V. 80, p. 1172, 873. its — American Stogie.— Prospects.— The Pittsburgh minority become dissatisfied by the fai'ure of the company to pay dividends or to make any fiaancial reports, recently agreed to pay a sum equal to 2 p. c. of their ho dings They also aoto provide, if necessary, for legal action. stockholders, having pointed a committee consisting of 8, W. Vanderssll, M. R. Trauerman and H. V. Curll to present their case to the company's officials. Pittsburgh papers now aanounoed Permanent stock oertlflcatef, which have never before been Issued, w'll shortly be given In exchange for tbe temoorarv reoelots; -.ppllcation will be made o ll»t 'he stock on tbe New York Stock Exchange; the committee has <ib'alned from tbe company's counsel ibe as-uranoe : that In his onlnlon a fa'iff-ictory dividend wiu brt declared In the near future; the Morton Trust Oo. of ^ew York has been made the transfer agent and the National City Bank of New York, registrar.— V. 77, p. 148. American Woolen Co.— New Offlcera. -Treasurer William M. Wood has been elected President, W. H. Dwelley Jr, Treasurer and B, F, Smith Jr., Assistant Treasurer.— V. 80, p. 1055. Bennington (?t.) Electric Co.— Statm.—The refunding and improvement morrgasre 4^4 P- o- <^o'^ bonds which are now offered for sale (see National Light, H^at & Power Co. below) are dated March, 1905, and due Mar h, 1935, but redeemable at 105 and interest after March 1, 1915: denomination, |500; interest payable March and Oetober at Koiokerbocker Trust Cx of New York, trustee. Principal and interest guaranteed unconditionally bv National Light, Heat & Power Co. [which see for guaranty]. A circular says: Authorized capitalization: 4>« p. c. bonds, $17S,000; common stoolt, $i2.*>.000. PrHsent Issue: Bonds, $L50.0uO; common stock. fiSft.COO. Saocessor of Bannlngtim Water Power <Sc Light Co. Of the bonds, 9150 OOu wer-1 Issued to acquire the property and make Improvements; also to retire th'^ present anderlving bonds, par for par. Remaining bonds, $2->,000. Issuable only for 85 p. c. of cost of extensions and improvemeiits. P -r year 1904, gross receipts, $28,7H3, contrasting with $2S,H60 in 190S and $2i>.»37 In 190ii; net profits in i904, Plant operated $12,720. Population ('hree villages) over 8.000. about half iha year by water power; turbines rated at 2'77 h. p.; steam plant engine oapaciiy of ^25 b. p.; 70 miles of wire; 72 arc lamps for street lighting and 4.'^ arc lamps In stores; 8,50u incandescent lamps In use and about lOO h. p. Id motors. On Jan. let there were 362 Individual users of electricity. Brockton (Us-.) Gas Light Co.— iVeu> Stock. -The MasGas & E ectrlc L'ght Commission hts authorized the company to issue $l30,(i(0 new stock at p-tr (|100 per sbare) the proceeds from 650 shares to be used to pay nflf notes and 650 shares for additions to the plant. - V. 76, p. 753. Caml)rldgp ( Hass. ) Has Light i^o.-New St cte— Shareholders of recotd Juue 1 are entitled to 8Ut)Scribe at $200 a share saclauBetts until the clo^e of business July 25 tor 1,200 shates of new stock to Ihe extent of 3 new shares for each 22 now held. Pubscrlptlons are payable In two equal Instalments, July 25, 1905, and Jan. 2f>, 1900, or the entire t-um may, if preft-rred, be paid July 25, 190.^; Interest at 4 p. c perannam until Feb. 1, 19 6. will be allowed on tbe amount paid July S^. Tills Issue will Increase tbe outstanding stock from $^8 >,<iOo to $1,000,000. Dividends of 5 p. 0. are paid on Felt. 1 and Aug. 1.— V. HO, p. 2222. Charleston (Hi ) lliauiinatiog Co.— Bonds, JZfe.—Ttie refunding and Improvement mortgage 4>^ p, c, gold bonds —— 1 June THE CHRONICLE, 10, 1905.] referred to below in statement headed National Light, H«at PowfT Co. are described in a clrcnlar as follows: Dated Mxroh, 1905, dae Maroh, 1935, bnt rerteemable at 105 and Int»*reBt af'^r Mar, 1, 1915. Intfreet payable March and 8«pteiiiber at office of Kni' kerbooker Trust Co. of New York. Principal and Interest guarantffd unconiltionally by National LUht, Heat & Power Co. [tee Denomination. $i00 Aathorized that company below for guaranty] laened), $2.">0,000; common capl'aliz>itl<in: 4i« p. o. bonds ($:il5,0< stock (ail tSBaf-d), $2fto.00j. Mortgaee trnseee. Frederick L. Eioridge and W B Eandall [nffloers of Knickerbocker Trust Co.]. Saooeseor of Charleston Gi»s & Electric Co. »V. 7ft, p. 1356); $216,000 of bonds are to be used In aoqulrlne and Improving the property and In retiring underlying bunds, par for par; the remaining bonds, SSS,*^ 00, can be Popuissued only to 8?> v o. of cost of extensions and improvements lation pomething over 8,000 people. Business (Ice, vas, electricity and beat) is increaslDg each year. For year 1904, gross earnings, & $31,134; net proflis, $13,5 13. CI»y Oas it Electric Co. of Paris, III.—-Siatw*.— This companv's bonds are offered for sale as stated below nnder title circalar says: of National L'ght, Heat & Power Co, First mortgage 5 p. o. SOyear gold bonds dated Oct. 1, 1904. d^e Oct. 1, 1924, but redeemable at 102 and Interest a'tt-r Got l, 1905; interest payable October and April at Ameriran Trust & Savings Bank of Chicago, oil e of the mortgage trustees, Deufimlnation. $'S"0, Authorized capitalization 6 p, 0. bDnds (Usuei $130,000), S150.000; 5 p. A : preferred s ook (all issued). $60,0u0, common stook (aU Issued), $150,00i\ Owanlzed In fall of 1904 to own the plants supplying electric-lighting gas and hot-water heating In tl'y of Paris, whioh h^d been operated for a year by a receiver. The eleotiio plant is being entirely lebuilt, tbe gas plant greatly imi>ioved. and the hot water plant male more efflolen'; $55,000 bDnds were sold to complete ihese improvements, atd $20,000 bunds remain in treasury f ^r fatura exTbe bonds have bo<h principal und teiislons and Improvements. Interest gnaranteea by National Light, Heat A Power Oo. Gross earnings for The five months ending Deo. 31, $15,808; net profits, $3,&81. Population of Pails about 8.0C0. 0. Consolidated Indiana Coal Co.— Conso2ida^on.—This com pany was recently incorporated under the laws of Maine with $4,(iO'»,000 anihorized capital stock, of which $3,400,003 is tbe amonnt represented in Indiana to take over a nnmber of coal properties purchased in the interest of the Bock Island system, viz.: Some 11,000 acres of coal land with nine shafts ia operation in Sullivan County, Ind., on the lines of Evansville & Terre Haute RR., and the Indiana Soul hern Ry.; acres in Franklin County, III., traversed by also over 5,0 the Chicago & Eistern Illinois RR. Tae Indiana properties include those formerly owned by the following companies: North Jackson Hill Coal Mining Co., Sullivan County Coal Mining Union Coal Co T. C Keller & Co.. Harder & Hofer Coal Mining Hymera Coal Mining C j., W. B. Bogle Coal & Mining Go, Bonds Sold. The company hag made a mortgage to the Guaranty Tiust Co. and E. C. Hebbard, truetees, to secure an issue of $4,0 003 first mortgage 30-year slaking fund 5 Of this issue $',500 000 p, c. gold bonds due June 1, 1935. bonds are reserved for future requirements and $3,500,000 hav<=i been sold to Speyer Uo. These last have their inttrest (December and June) UDConditionally guaranteed by the Chicago Rook Island Pacific Railway Co. by endorsement on the bond. There are no underlying liens. The bonds have a cumulative sinking fund of five cents pf r ton of coal mmed, under which bonds have to be bought in the market up to 110 and accrued interest, and if not so obtainable will be drawn at 110 and accrued interest. The Chicago )ck Island & Pacific Biilway Co. owns a con trolling interest in the capital stock. Co., Co., , — & & R Consamers' Park Brewing Co., SrooKlyn, N. Y.— Stock Offered.— Thomas J. Nugent, Times Building, New York, ia offering a block of the 7 p, c. preferred stock at par. The ad vertiseujent on another page says: Incorporated under laws of New York. Financial condition Jan. 1 1905: Assets, all depreciations charged off, and not including good will, $i,85t>,000; liabilities (all), including bonded Indebtedness of four breweries, $900,000; net worth, )895!>,00i). Capital stook, $^00,OOO preferred and $500,000 common stock. The common Is all held by consumers (saloon keepers) in the trade. The sale of th« preferred Stock will increase the assets by an equal amonnt. The oompaay now owns four (4) breweries, and proposes to acquire others, the present sales ansure a proflc of over $100,000 per annum. Office, No. 96 Franklin Ave., Brooklyn. Equitable Lite Assurance Society.— ^.cfe Report —The report ot the Frick luveetigating Committee, together with the replies of President Alexander and Vice-Prtsident Hyde, were given in full in the New York 'Times" of June 4, and other daily papers. The directors at their meeting on June 2 voted down the proposition to approve the report. S-iveral of the board having thereupon resigned, Mr. Hyde renewed his offer to trustee his majority interest In the stock on term" to be satisfactory to the ooard. committee also was appointed to select a Chairman of the board, who shall have plenary powers. Oa Wednesday th** directors voced to reduce tne salaries of the executive officers. Directors Resign.— Of the fifty-two directors, the following thirteen have resigned, while Messrs Ripley and Baldwin have died, It is hoped, however, that some of those reeigciug will be induced to reconsider their action: A. J Oassatt, John Sloane. D. O. Mills, John A. Stewar', E, H. HarIman, M. B lugailK, T Jefferson Ooolld^e. Jacob H 8<^hiff. Corne lus N. Bliss. Henry C. Frick, Joseph T. Low, Marvin Hnghitt and Bobert T. A Lincoln. Sttrpius.—Touching the surplus, the Frick report says : The Society's published report shows a surplus as at D'^c. 31, 1904, 6f $80,794,269; and popular sentiment demands that this enormous sum be divided among the policyholders There is even s^'on a dls ouBSlon of tbe ownership of the surplus— as between policyholders and Btcekholders. As a matter of faot. the actual sarpius of the sod etyon Dec. 3i, 1904, was approximately $10,200,000. Of the balance, $6, 7.')0, 000 was apportioned for dlvld-^nds payable in 190 > and $68.-00,000 is merely a reserve against a future contingent llabllliy. arned by thr> tutal number That is, it is the amonnt which has been or deferred-dividend policies, and which each individual policy matures. < becomes a direct liability as 2401 Orouth of Business, Etc —President Alexander savs The outstanding business of the Society has oeen increase 1 during the past Ave year* nearly five hundred million dollars, and now amounts to a billir>n and a half. The assets have been Inoreaaed from $280,000,000 to $4lS,000.<i00, and the surplus from $61, 00,000 to : $-0,000.00". notwithstanding the fact that; duilng that period we have paid out in dividends more than $23,000,000. Inoi me has increased from less than $54 000,000 to $80,000,0 0, and the excess of income over disbursements has increased from $l9.3u0,Ui>0 in 1&99 to $27,600,000 in 1904. Take the one sijrniflcant item of total distributive or dividend earnings, the Equitable shows in five years $35,000,000. The ratio of its gross outstanding nurplos to total liabilities was at 'he end of the year 190* 24 2:< p. 0. The p<»roftntai<e of expenfoj to income for the five years from i900 to 190 1, Inclusive, was 13 26.— V. 80, p. 2347, 2222, (Georgia Car & Ifaaafdctariag Co.— SoZd,- At the recent foreclosure sale thn property was bid in f .r $40,000 oy E. B, Co. of Philadelphia.— V. 80, p, 475. Leaf & Hoosick Falls (N. T.) Illamlnatln^ Co.— Consolidation, Etc.— This company, wnose refunding and improvement mortgage 5 p c. gold bonds are mentioned under caption of National Light, Heat & Power Co., are described as below: Bonds dated 1905; dne April. 1935; redeemable at 105 and interest after April 1.1915; lnter»<Ht payable April i and Oct. 1 at Kcllokerb^cker Trust Co. of New York, trustee. Principal and interest gnarantt-ed unoonditlonally by the National Liuhi-, Heat Power Co. (which 864 below for guaranty). Denomination. $500. Anthorlzed capitalization,: 5 p c. bnnds (Issued $112,500). $i.'>0.o«'0; 5 p. o. preferred stock (all isnued), $5U.O00; common stock (all iBsur-d), 8<00,000. Company organized under the laws of New York. Has acquired the property of the Hoosick Falls Electric Co. Of the bonds $112,500 are to be used to acquire and improve the property and retire the underlylug bonds, par f r par. The remaining bonds, *37,?00, can be issued only to 85 p. c. of the value of extensions and impr'>vement8, F.>r the year ending June 30, 1904, grnds, $21,797; let earnings, A $6,^02; extension 8, $4,140; net from operation, $10,942. Company has profitable contract for public street llebting« Owns a new concrete dam about 175 feet long, a canal 1 ,2^ feet In length and hydroelectric power station capable of producing 804 horse power; alao auxiliary steam plant. Population ot city aboat 6,000. tatus —The general JersejTllle (ill.) lllamluating Co. 5 p, c, sinking fund gold bonds now offered for sale (see National L*^^., Heat& Pow. Co. below, are dated Feb., mortgage 1905, and due Feb., 1935, but redeemable atlli2 and interest after Feb. 1, 1915; denomination, |5 )0; interest payable Feb. and Aug. at Knickerbocker Trust Co. of New York, trustee. circular eayn: Authorizel capitalization: 5 p. e. bonds ($43, .500 issued). $75,000; 5 p. o. preferred stock (all iBsued), $i0,oo0; common stook (all Issued), $75,000 Mortgage trustees. Frederick L. Eldrldge, VicePresident Knickerbocker Trust Co., and W. B. Randall Trast Officer. Annual sluklng fund I p. o. of bonds outstandinK froml9i0to i914; after 1915 2 p. c of the bonds authorized; $12,000 In trnasury for proposed steam-heatintr plant; $19,^00 for future improvement^ and extensions to 85 p. c. of cost of such; $i 8,000 to retire a corresponding amount of 6 p. o. bonds. Suooessor of Jerseyville Light, Heat & Power Co Bonds have both principal and interest guaranteed by the National Light, Heat & Power Co. [See thatoampany beiow for guaranty ] P pulatlon of city about 000 InhabitHnts. Company operates an electric lighting station and pumps water for the city. There is no gas plant in this city. For year 1904, gross receipts. $15,334; netearniugs, $5,456; average net profits for last three years. $^, 868. Kanawha & Hocbitig i;oal & Coke Co. Purchase Price. The circular sent by J. P. Morgan Co, to the shareholders of this company is identical in terms with tbar sent under date of M^y 18 to the shareholders of the Continental Coal Co which says: It is proposed that a new corporation be organized to acquire, either by vmrchase or lease, the properties of several imDorttmt cal companies In Went Virginia and Ohio, and also valuabe dock facilities at ihe he^d of the Lakes We have been in negotiation with the view of obtaining the opportunity to include the properties of the Continental Coitl Co. In the arrangement, and to that end^t is 0'>ntemplated that the new company will ofier to purchase any or all of the trustees' certlflc*tes representing the bi^neflclal interests la the capital stock of the Continental <'oal Co. on the following terms: It will Issue In payment therefor, to the amount of 60 p. c. of the par value of said trustees' OHrtltloateB, Its collateral trust notes or debentures, dated July 1, 190S. and payable 39 years after da e, drawing Interest at the rate of 5 per cent per annum, payable st-mi annually, which notes or debentures are to be snbjflot to retirement in amounts se eoted by lot each vear. at ciar and acorned interest, by the applloation of a finking fund sufficient to retire the entire isi^ue prior to maturity The same will be secured by a deposit of th- trnetee's certificates themselves, under a truft indenture containing provisions for the return of the oertldoates to the note or debenture holders in the event of nefrfUit in the payment of principal. Interest or slnkl'ig fund. In order to mt-et their share of the organiz *tion expen»e« and oosta, including 0'>nnBel fees and our own compensation, a commission ot not to exceed 5 p. o. of the par value of collateral trusr. notes or debentures oomi'g to each hoMer ot said trustees' certificates will be charged, so that each holder will net, in collateral trust notes or deb«>Dtures, approximately 55 p. o. of the par value of his trustees' oertifioates.— V. 80, p. 2223. A .*>, — & , Harhhall (la.) Light, Heat & Power Co.— Financial Starement.~-Tti\a company's bonds are offered for sale, as staled below, under caption of National L'got, Heat Power Co. Tne bonds are dated June 1, 1905. Aciroularsays: First mortgage 5 p. o. sinking fund gold bonds, due June 1, 1935, but redeemable at 105 and Interest after June 1, 19I.'S; Interect payable Dro 1 and June at Knickerbocker Trust Co., trustee. New York Denomination, $800, Authorlzud capitalization: 5 p. o. bonds issued), 00,000 $150,000; 5 p. o. preferred stock (all issued), (9 >mmon stook (all Issued), $125,000 Of ih bonds $100,000 $25,000; will be used In acquiring the pr<ipertles of Marshall Electric Llshtdk Power «'o. and Mar^hall Gas LUht Co., and in mabtnt; Immedia e impr.ivements; «.'iO,00o bonds remain in treasury for future improvements and extensions, being Issuable to 85 p, c. of value of such future ImprovumHuts. Both principal and Interest guarantp^d uaoonditiona ly hy National Li^hc, Heat & Power Co, Annual alnklng fund, 1 p. c. or bonis ontftanding, 1910 to 1914; after 191 >, 2 p. o. Opsrates under f-.vorablH city contracts; there are no other competing plants. & i Population of city, e.SOO Total gross earnings of plants in 1904, $20,^8i; net profits, $9,600, Thomas BoatrlKht, President, Montreal Light, Heat sults for tbe year Tear. Orosg. 1004 5...$2,9 it Power Co.— /Jepor^—The re- ending Apr. 80 were: .1,-Z65 1903-4... 2,.589,447 -V. 80, p. 2224, 1916, Net. 1,59^.142 1,345,760 Interest. I>i«8.{i%) Bal., sur. $4 0,353 $680,Ooo 680,000 $448,789 204,014 461,746 — THE CHRONICLE. 2402 National Light Heut & Powfir C.o.^ Guaranteed Bonns Ofered.—A. H. Bicbmore & Co., 30 Pine Street, are, or have recently been, c ff«-ring at par and interest the 5 p. c. gold bonds of the following companies, guaranteed both as to princital and ioterpst by endorsement on each by the National Light Heat & Power Co., a conapany incorporated in Maine on Dec 29, 1904, with $5,r00,000 of authorized c»-pital stock, of wblch 1900,000 is outstanding (par of phares $100): City Gas & Electric Co., Paris, III. Jerseyvllle (111.) lUnmlnatlTig Co. Mar8han(Mo.)Ll^litHeat& Power TaylorviUe (IH.) Gas & Eiec. Co. BeunliiKton (Vt Co. Boblnsan Hooslck Falls (N.Y.) Illniuia'g Co. Eieotrtc Co. Pana (111.) Gas & (111.) Charleston ) EleoTrlo Co. Water (111.) & Light Co. Illumluailng Co. FOBM OF GUABANTT ON BONDS OF EACH COMPANY. For value received. National Lljjht, Heat & Power Company hereby guarantees the punctual pajmenr of the principal ana interest of the within bond at the times and in the manner therein specified. In Witness Whereof, said company has caused its corporate seal to be hereto affixed, attested by its Secretary or Assistant Secretary an d this instrument to be signed by its President or Vice-President day of this , 1905. See separate statement in thia issue for each of these companies. Directors of National Company: Harold G. Villard (President); Frederick L Eldrldge, O. C. Cnyler, Sherman Cox, Albert H. Bichmore. Gastav Ulbricht. Boston D ewood Co.— Called Bonds.— Tvrentybonds of July, 1923, drawn for redemption, are payable on July 1 at 105 »nd interest at the Washington Trust Co.. New York. The bondfid debt, originally (in 1893) $950,000, is reduced by this payment to $560,OUO.— V. 79, p. New fork & > five 6 p. c. 2846. Norfolk-Hampton Roadg Co.—Called Bonds,— AU of the $250.0u0 bonds dated July 1, 1901, maturing July 1, 1911, will be paid on July 1, 1905. or sooner if desired by holders, on Trusts, presentation at tbe Norfolk Bank for Savins'S Trustee, Norfolk, Va., at 103 and interest. See V. 73, p. 1163. & FaDa(Ill. Gas & Electric Co.— Finances, —Thle company, mentioned above in statement for National L^ght, Hf-at & Power Co., is being organized with capitalization as follows: First mortgage (> p. o. sinking fund gold bonds. Authorized issue, $150,000; present issue, $'5,000; dated June 1, 1905 and due in 80 years, but putijeot to call in or after 1915 at 105 and Interest. Denomlnat on, $6«i0. Interest payable Dec. 1 and June 1 at Knickerbocker rust Co., trnetee, New York. No underlying liens. Capital etook, 5 p. 0. non oumaiatlve pref., $25,000; common stock, $125,000. 'l Robinson (111.) Water & Liglit Co.— Status.— This company, whose bonds are guaranteed as to principal by the National Light, Heat Sc Power Co. (which see above) is capitalized as follows: $70,000; par of shares, $100. First mortdated May 15, 1901, authorized $70,000; outstanding, $45,000; denomination, $500 and $1,0U0; interest payable May 1 and Nov. 1 at American Savings & Trust Bank (mortgage trustee). Chicago, 111. No sinking fund; no option to call. Capital stock, gage 20 -year 5 all Issued, p. o. bonds Bcehester (N. Y.) Telephone Co.— Acquisiion,— A controlling interest has been purchased in the Independent Telephone Securities Co., which in turn holds a controlling interest in the following independent telephone companies: Utica Home Telephone Co., County Telephone Co. of Herkimer, Black River Home Telephone Co., Clinton Home Telephone Co,, Otsego Home Telephone Co. The sale was consummated by the transfer of 460 shares of the authorized and unissued ptock of the Rochester Home Telephone Co. on the basis of |120 per share for 2,200 shares of the Securities Company on I be basis of $25 per share [see latter company, V. 80, p. 1733, 2347; V. 79, p. 2150]. EariiinQS. For the quarter ending Mar. 31, 1905: Gross receipts $«1, 806 Fixed charges $8,662 — I Netearnlnsrs 39,829 Bal. surplus for quarter... 31,167 Total surplus March 31, 1905 126,749 Total number of telephones in operation, 7,822; Inoiease for quarter, 414.— V. 80, p. 2224. | — This company proSt. Joseph Lead Co.— Consolidation poses to absorb the allied Bonne Terre Farm Cattle Co., organizrd in 1891, giving for the $500,000 capital stock one share (par $10) of the St. Joseph Lead Co. for two shares (par $10 each) of the Bonne Terre Co. The St. -Joseph L«3ad Co. has an authorized capital stock of $8,000,OCO [of which at last accouuts $3,750,010 was outstandinji] and bas paid quarterly dividends at the rate of 6 p. c. per annum in March, etc. scrip dividend of 25 p. c, it is stated, will be paid, bringing the stock nearly up to |5,000,000. -V. 75, & A p. 1208. Southern BpII Telephone & Telegraph Co. of Virginia.— Stock —This company, chartered in Virginia early in New the year for the purpose of taking over the property of the Lynchburg Telephone Co., and also the plant of the Bel) lntere=*t8, acd to extend and improve the same, has obtained permlesion fo increase its authorized Issue of capital stocb from $2f0,0!0 to $2,6f:0,0C0. W. T. Gentry is President; Fairfax MuutHgue, Vice-President; D. T. Carson, Treasurer. Submarine Sgnal Co.— Sale of Stock,— AU the compan.yV treasury stock, Hmounting to $200,000, has been sold to J. P Mo'gan, who has been using the company's Pubmarins signal on his steau) y .cht 'Corsair." The outstanding ehrtro capital la now $1,0C0 000, all of one claes; par, |25; no bonds. The company was Incorporated In Maine in Jnly. 1901, with $1,000,OOOanthorlzud capital stock, in Hhares of $25 each, to Introduce a patented i-yHteiu of KubiiierKed bells for use In connection with light- nouResanrt llghtshlim for notifying vesRela of ihe looa-lon of polnt« of aanger. VesnelH (qulpued wlili th.i company's reoelv«rH can hearth*^ louing of the bells for a dlstanco of not lews than 5 miles and at times rallf-s, and can determine the exact direction from which ta-^ .T i c-inflH. BDund the transmitter carrying tha Uttor direct to the pllotnouse The bell- are n«inic uh< d at varlOQH points along the ArUntto t.oast, an<i the North G«rman l.loyd and Hamburg-Am^^rloan irans " *'."• *" ^'"' *"* ^^^" Motropollt (ooaHtwlsii) line, have their ^i^l'I veiMis equipped with the receivers. The Laoanla of the Cunard jLlne m [Vol. lxxx. will be f qnipped on her next arrival in New York. Of the company's total assets on 8ept 1.1904, aggregating $803,616, the development of patents represented $6 6.373. Dlreotfir8.-H<^nry L. Hlgglnson, President. Boston; Harry Burnett, Treasurer; J. P. Reynolds Jr., M. Burnett. Robert F. Pf^rklns. Joseph B. Mlllett. Sir William C. Van Home, H. M. Soule, Thomaa ' R Allen and Robert Bacon. Offloe, Boston, Mass. Gas & Electric Co.- See page 340S. Union Bag & Paper Co. Bond Issue. The directnrs have issued a circular recommending that an issue of 15,000,000 TaylorviUe (111.) — bonds be authorized to provide for funding floating debt, acquiring additional timber lands and other property, increasing working capital, etc. The new bonds will be 5 p. e. 25-year gold bonds, redepmabls at 105 and intare^t upon 60 days' notice, and provided with an annual sinbing fond equal to 3 p. c. of the aggregate principal amount of all bonds then outstanding, plus Interest on bonds retired thereby. The circular proposes the issue forthwith of 13,000,000 of the bonds for the purposes aforesaid; the remainder. $2 000,C00, will be retained f.r the future uses of the company, if so required, all properties acquired therewith to be mad« subj<>ct to the mortgage. Of the amount now to be issued, $2,200 000, will be underwritten and the remaining |80(t,000 given In pqvment for timber properties. The circular fu 'her says : The great advantage of acquiring sufficient timber lands to provide for the company's uses is beyond question. In 1901 puronases thought to be sufBoient were made, but since then the comp^ny'i^ annual consumption of wood has risen from 18,000 cords to 73.000 cords -largely because the company now makes its own sulphite— and the amount estimated for the present year is 100,000 cords. Without the acquisition of additional timber lands it would be necessary to obtain at least two-thirds of this by purchase— an unsafe and expensive method. The price of wood has increased and is increasing rapidly. The company's purchases In 1904 average $2 p«r cord over those of 190 A contract has recently been made for the purchase of 600 square miles of timber afijoiningour present properties, and negotiations are pending for the purchase of another similar tract o' 1,300 square miles. These purchases, when completed, will secure to the company a permanent wood supply sufflolept for all needs thatnow can be foreseen, and the cost should be at least $1 50 per cord less than the present prices. A concentration of our manufacturing operations will surely result in material benefit, ard to this end It Is proposi^d to add on« or more large paper machines to the Sandy Hill plant, with a view tn disposing of outlying plants. The undeveloped water power at Hadley can profitably be employed through the oonstruotloa of another wood-pulp mill there, as the company needs the product of such a mill. It is estlmaTCd that $3,000,000 in aggregaie principal amount, of bonds will retire the present floating debt, complete the purchase of Paid timber tracts, provide for additional paper m«ohlnery and for the proposed construction at Halley, and Increase thti working capital. A careful estimate establishes beyond reasonable doubt that the additional net income to be obtained from the exciendltnre of this money will not only take care of all interest and sinking fund charges, but will substantially increase the surplus earnings. The sinking fund will retire substantially the whole issue of bonds at their maturity. >., The preffrretl shareholders will vote -V. 80, p. 1422. June 20 on making the issue. — United Batton Co.— Reorganization Plan, A committee Edwin S. Schenck (President Citizens'-Central National Banfe), Chairman Walter E. Frew (Vice-President Corn Exchange Bank), Henry H Bowman (Pres. Springfield National Bank) and Charles R. Connell (Treas. Scranton Button Co.), with F. N. B. Close as Secretary, 7 Wall St., has issued under date of June 1 a plan of reorganization, which has received the approval of the Industrial Trust Co. of Providence, Charles E. Sticbney of Spricgfield and other bondholders; also of the Corn Excbange Bink and the Citizens' Central National Bank of New York and other creditors. The plan provides that a new company be organized under consisting of ; the laws of New York, with capitalization as follows : d$140,000 Underlying mortgages now outstanding General mortgage 5 p. o. bonds due in 10 years but subjsoc to call at par. to be secured by a mortgage covering the d390,000 property in Massachusetts These bonds shall be issued to participating bondholders, par for par. Five p. 0. income bonds, due in 10 years but subject to call at par; to bear same date as the general mortgage bonds. $250,000 Estimated amount To be issued to participating creditors to the full amount of their just claims, par for par. Capital stock, all to be issued to four trustees (the present reorganization cmmlttee) as collateral security for the payment of the income bonds and general mortgage bonds and to eunure the applloatioa of the earnlUKS to the redemption of both said classes of bonds as rapidly as shall seem wise $800,000 to the trustees. Estimated amount Negotiable certificates representing this stock, and upon oeitlflcaies stock payment of all outstanding bonds the themselves shall be distributed among the bondholders and general creditors in proportion to the amount of their respective claims. dThe new mortgage shall contain a clause providing that the existing underlying mortgages maybe retired by consolidating the same also that new mortgages may be given with rhe said trust mortgage to pay the existing underlying mortgages, the lien of the same to be prior to the present new mortgage. Note. The holders of outstanding "service contracts" shall be treated as unsecured creditors and their claims liquidated by agreement or arbitration. Participating holders of the floating, debt secured by deposit of bonds as collateral shall receive income bonds upon the claim as if unseoareo, togeth"r with general mortgage bond« In an amount equal to their present holdings, respectively, the latter to he held as collateral security for the Income bonds and to pass luti the treisury of the new company when the Income bonds shall have been redoemed. The bou'iholders and creditors, to pavticioate in the plan, must deposit their bonds and (tlaims with the Bankers' Trust York.— V. 79, p. 2592. Co., dfpobitary, ; New Umited Electric Light Co. of Sprlngneld, Mans.- New Electric L'uht Commission has S<ocA;,— Massachusetts Q-as authorized 'he company to iaeue $200,000 new stock at $160 per share (par, $100), $S2,000 to provide for notes and $118,000 for further additions and improvements.— 77, p. 255. & V I3r Inrestmaut Neuva Oonoladed on Pitae 2406. — June : THE CHRONICLE. 10, 1905.] ^p0rt$ OREGON SHORT 2403 and ^ocnmznts. LINE RAILROAD COMPANY. ABSTRACT OF MORTGAGE OF DEC. 1, 1904 SECURING FOUR PER CENT REFUNDING TWENTY-FIVE YEAR GOLD BONDS, DATED DEC. 1, 1904, DUE DEC. 1, 1929. FORM OF INTEREST COUPON. PARTIES. No. $20.00 Oregon Short Line Ratleoad Company, (hereinafter called On the first day of 19 Oregon Short Line 'Tlailroad Company"), party of the first part, Union Pacific Railroad Company will pay to bearer, at its office or agency in of New the City York, Twenty Dollars in gold, without any Railboad Company, party of the second part, and The Equideduction for taxes, being six months' interest then due on its table Trust Company of New YobKj (hereinafter called Four Per Cent Refunding Twenty-Five Year Gold Bond No. , "Trustee,") party of the third part. , unless said bond shall have been previously redeemed. Treasurer. PREAMBLE. FORM OF TRUSTEE'S CERTIFICATE. Whereas, for the purpose of paying the principal of and the interest and premium upon its Four Per Cent and Participating Twenty-Five Year Gold Bonds, and for other corporate purposes, the Railroad Company, party of the first part, by resolution adopted by its Board of Directors, has determined to issue a series of bonds (coupon and registered) for an aggregate principal sum not exceeding $100,000,000, to be designated as its "Four Per Cent Refunding Twenty-Five Year Gold Bonds," to be payable in gold coin of the United States of America of or equal to the present standard of weight and fineness on Dec. 1, 1929, at the office or agency of the Railroad Company, in the City of New York, to bear interest at the rate of 4 per cent per annum from Dec. 1, 1904, payable semiannually at said office or agency in like gold coin on June 1 and Dec. 1 in each year, and to be redeemable at the option of the Railroad Company, or its successors, at a premium of per cent and accrued interest on Dec. 1, 1907, or on any semi-annual interest day thereafter upon previous notice in the manner hereinafter provided. 2% This is to certify that this bond is one of the bonds described in the within mentioned mortgage and deed of trust dated December 1, 1904, executed by Oregon Short Line Railroad Company to the undersigned, as Trustee. THE EQUITABLE TRUST COMPANY OF NEW YORK, Trustee, Secretary. By And "WHEREAS, the payment of the principal of said coupon and registered bonds and of the interest thereon as the same shall mature is to be guaranteed by the said Union Pacific Railroad Company, party of the second part hereto, pursuant to the provisions hereinafter contained, such guaranty to be endorsed on each of the said bonds in the form, or substantially the form, following, viz.: FORM OF GUARANTY. For Value Received, Union Pacific Railroad Company unconditionally guarantees to the owner of the within bond the punctual payment of the principal and interest thereof as the same mature, and agrees itself punctually to pay the said principal and interest if default in the payment thereof be FORM OP COUPON BOND. made by Oregon Short Line Railroad Company. In "Witness "Whereof, Union Pacific Railroad Company has Oregon Short Line Railroad Company (hereinafter called "Railroad Company"), for value received, hereby promises to caused these presents to be signed by its President, or one of pay to the bearer, or, if registered, to the registered holder of its Vice-Presidents, and its corporate seal to be hereunto affixed this bond, the sum of $1,000 in gold coin of the United States and to be attested by its Secretary or an Assistant Secretary, of America of or equal to the present standard of weight and as of December 1, 1904. fineness, on the first day of December, 1929, (unless before that UNION PACIFIC RAILROAD COMPANY, time this bond shall have been redeemed) at the office or agency of the Railroad Company in the City of New York, and to pay By interest thereon at the rate of four per cent, per annum, from [SEAL.] Vice-President. December 1, 1904, payable semi-annually at the said office or Attest: agency in like gold coin, on th© first day of June and the first Assistant Secretary. day of December in each year, but only upon presentation and surrender, as they severally mature, of the coupons thereCOLLATERAL SECURITY. for annexed hereto. Both the principal and interest of this bond are payable withNow, THEREFORE, in Order to secure the payment of the out deduction for any tax or taxes which the Railroad Company may be required to pay thereon, or to retain therefrom, principal and interest of all bonds at any time issued imder under any present or future law of the United States of America, this indenture, said Oregon Short Line Railroad Company, in or of any State, County or Municipality therein. consideration of the premises and of the purchase of said This bond is one of a series of Four Per Cent Refunding Twenty-Five Year Gold Bonds (coupon and registered) of the bonds by the holders thereof, and of the sum of $100 to it Railroad Company, issued and to be issued for an aggregate paid by the party of the third part, does hereby assign, transprincipal sum not exceeding $100,000,000, at any one time out- fer, mortgage and pledge to and with The Equitable Trust standing, under and in pursuance of, and all equally secured by, a mortgage and deed of trust dated December 1, 1904, Co. of New York, party of the third part, the following deexecuted by the Railroad Company to The Equitable Trust scribed shares of capital stock, viz.: Company of New York, as Trustee, to which reference is hereName of Company *Total Issued. Pledged. by made for a statement of the property mortgaged, the nature and extent of the security, the rights of the holders of bonds Northern Securities Co. capital stock. .$395,400,000 $5,000,000 under the same, and the terms and conditions upon which said Southern Pacific Co. preferred stock... 40,000,000 18,000,000 bonds are issued and secured. 197,849,258 90,000,000 This bond is subject to redemption at the option of the Rail- Southern Pacific Co. common stock road Company, or its successors, at a premium of 2i/4 per cent, Oregon R. R. & Navigation Co. pref. and accrued interest, on December 1, 1907, or on any semistock 11,000,000 10,000,000 annual interest day thereafter, upon three months' previous Oregon R. R. & Navigation Co. com. notice published in one newspaper in the City of New York and stock 24,000,000 20,000,000 in one newspaper in Salt Lake City, Utah, as provided in said mortgage and deed of trust. This bond shall pass by delivery, unless registered in the *Supplied, not in mortgage owner's name on the books of the Railroad Company at its office or agency in the City of New York, such registration Certificates for said shares of stock, duly endorsed for transbeing noted on the bond by the Railroad Company. After such registration no transfer shall be valid unless made on the fer, or accompanied by instruments of transfer in blank, shall Company's books by the registered holder in person, or by his be delivered to the Trustee by the Railroad Company before the duly authorized attorney, and similarly noted on the bond; but certification and delivery of any bonds secured hereby. the same may be discharged from registration by being in like Also any additional shares of stock of any of the issues manner transferred to bearer, and thereupon transferability by delivery shall be restored; but this bond may again, from time above described and any and all other stocks, bonds and other Such securities of the character specified in to time, be registered or transferred to bearer as before. Section registration, 3 however, shall not affect the negotiability of the shall continue to be transferable by delivery of Article Second hereof, from time to time hereafter delivered or assigned, transferred, mortgaged or pledged hereunder by the merely. The holder of this bond, at his option, may surrender the Railroad Company, as additional or substitute security. same for cancellation, with all unmatured coupons thereto appertaining, in exchange for a registered bond without coupons DECLARATION OF TRUST. as provided in said mortgage and deed of trust, and on payment, if the Railroad Company shall require it, of the transfer But in trust nevertheless for the equal and proportionate charge therein provided for. This bond shall not become obligatory for any purpose until benefit and security of all present and future holders of the have been authenticated by the certificate, hereon bonds issued and to be issued under this indenture, without it shall endorsed, of the Trustee under said mortgage and deed of trust. preference, priority or distinction, viz. In "Witness Whereof, Oregon Short Line Railroad Company has caused these presents to be signed by its President or one ARTICLE FIRST. of its Vice-Presidents, and its corporate seal to be hereunto EXECUTION OF BONDS. affixed, and to be attested by its Secretary or an Assistant Secretary, and coupons for said Interest, with the engraved The coupon bonds shall be of the denomination of $1,000 signature of its Treasurer, to be attached hereto, this 1st day each, and tlie registered bonds $1,000 each, or of such multiples of December, 1904. thereof as the Board of Directors or Executive Committee OREGON SHORT LINE RAILROAD COMPANY, shall from time to time authorize. The coupon bonds shall be coupons which By Vice-President. Attest: Assistant Secretary. numbered consecutively from 1 to 100,000, inclusive. The coupon bonds shall bear date Dec. 1, 1904, and the registered bonds shall bear date of the time of their issue. : THE CHRONICLE •J404 In case the oificers who sliall have signed any of said bonds shall cease to be such officers of the Railroad Company, such bonds, nevertheless, may be sold by the Railroad Company as though the persons who signed or sealed such bonds had not ceased to be officers. The .coupons to be attached to coupon bonds shall be authenticated by the engraved fac-simile signature of Fredc. V. S. Crosby, the present Treasurer of the Railroad Company, and the Railroad Company may adopt and use for that purpose the engraved signature of the said Crosby, notwithstanding the fact that he. may have ceased to be such Treasurer at the time when such bonds shall be actually certified and delivered or sold. The first coupon shall be payable June 1, 1905, and shall represent interest to that date from Dec. 1, 1904. The registered bonds shall bear interest only from the first day of June or December as the case may be, next preceding their respective dates of issue. Only such bonds as shall bear thereon endorsed the Trustee's certificate substantially in the form hereinbefore set forth, executed by the Trustee, shall be secured by this indenture, and such certificate shall be conclusive evidence that the bond so certified has been duly issued hereunder. Before certifying or delivering any coupon bond, all coupons appertaining thereto then matured shall be cut oflf and cancelled. REGISTRATION OP BONDS. The Railroad Company shall keep at an office or agency, to be maintained by it in the City of New York, books for the registration and transfer of bonds issued hereunder, which shall at all reasonable times be open for inspection by the Trustee and any holder of bonds issued hereunder. EEGISTEATION OF COUPON BONDS. I Vol. lxxx. bonds secured hereby equal in face value to the par value of the shares of the Northern Securities Company and to 80 per cent of the appraised value of the shares of the Southern Company and The Oregon Railroad & Navigation Co., such value to be ascertained by appraisement in the mode provided in Section 4 of tliis Article. Pacific ADDITIONAL BONDS —OTHER COLLATERAL. Section 3. Whenever the Railroad Company from time to time hereafter shall deliver to the Trustee, to be held under this indenture, certificates for additional shares of any of the issues of stock hereinbefore described or for any of the shares of stock, bonds or other securities issued or which Tiereafter may be issued by any corporation owning or operating by lease or otherwise any line of railroad or line of ships or engaged chiefly in leasing or otherwise furnishing rolling stock to railroad companies or in furnishing by lease or otherwise terminal facilities to railroad companies (said securities, except bonds payable to bearer being endorsed for transfer, or accompanied by instruments of transfer, in blank), the Trustee shall deliver to the Railroad Company an amount of bonds of the issue secured by this indenture equal in face value (1) to the par value of any additional shares of stock of the Northern Securities Co. so deposited upon which no distribution shall have been made, or (2) to 80 per cent of the value of any other shares of stocks, bonds or other securities so tendered and received to be ascertained by appraisement as provided in Section 4 of this Article. APPRAISEMENT OF COLLATERAL. Section 4, Every appraisement of any shares of stock, or of any bonds or other securities, whether upon delivery thereof to the Trustee or upon the withdrawal and substitution thereof as provided in Article Sixth hereof shall, except as any coupon bond may have the ownership herein otherwise provided, be made as follows thereof registered on said books and such registration noted The Railroad Company shall deliver to the Trustee an inon the bond. After such registration no transfer shall be valid strument in writing under its corporate seal, appointing some unless made on the company's books by the registered holder person as its appraiser, and within five days thereafter the in person or by his duly authorized attorney, and similarly Trustee shall deliver to the Railroad Company an instrument noted on the bond; but the same may be discharged from in writing under its corporate seal, appointing another person registration by being in like manner transferred to bearer, and as its appraiser; and the two appraisers thus appointed shall thereupon transferability by delivery shall be restored; and appoint a third appraiser. The appraisement signed by any such bond may again from time to time be registered, or transtwo of such appraisers shall be deemed final and binding and ferred to bearer as before. Such registration, however, shall shall be full warrant to the Trustee for the certification and not affect the negotiability of the coupons. delivery, under Sections 2 and 3 of this Article, of bonds of the issue secured by this indenture equal in face value to 80 EXCHANGE OF COUPON AND REGISTERED BONDS. per cent of the value of the stocks, bonds or oth^r securities The holder of The liolder of any coupon bond may at any time surrender the same for cancellation with all unmatured coupons thereto appertaining and receive in exchange therefor a like amount of the principal thereof in registered bonds without coupons, as hereinafter provided; and, the registered holder of any registered bond or bonds, at his option, may at any time surrender the same for cancellation and receive in exchange therefor a like amount of the principal thereof in coupon bonds as hereinafter provided. The registered bonds shall be transferable by the registered holder thereof, in person, or by his duly authorized attorney, on the said books of the Railroad Company at its said office or agency, upon surrender and cancellation thereof; and, thereupon a new registered bond, having endorsed thereon the same serial numbers of coupon bonds as are endorsed on the registered bonds so surrendered will be issued in exchange therefor. TRANSFER CHARGE. For any exchange of of registered bonds for coupon bonds for registered bonds, or coupon bonds, and for any transfer of registered bonds, the Railroad Company, at its option, may require the payment of a sum sufficient to reimburse it for any stamp tax or other governmental charge connected therewith which the Railroad Company may be required to pay thereon, and also of the further sum of One Dollar for each new bond issued upon such transfer or exchange. NEW BONDS ISSUABLE FOR BONDS MUTILATED OR DESTROYED. In ease any bond shall become mutilated, or be destroyed, the Railroad Company, in its discretion, may issue, and thereupon the Trustee shall certify and deliver, a new bond of like tenor and date, bearing the same serial number as the one mutilated or destroyed. In case of destruction, the applicant shall furnish to the Railroad Company evidence to its satisfaction, of the destruction of such bond or coupons, and also such security or indemnity as may be required by said Railroad Company. Section 1. ARTICLE SECOND. ISSUE LIMITED TO $100,000,000. The aggregate amount of all bonds which may be issued and outstanding under this indenture shall never at any one time exceed the principal sum of .$100,000,000. Section 2. The Railroad Company shall deliver to the under this indenture, the certificates hereiiibcfore in the granting clause hereof described, and the Trustee shall deliver to the Railroad Company an amoimt of be; liold by said appraisers, and received by the ABTICUE THIRD. RAILROAD COMPANY, COVENANTS TO PAY PRINCIPAL. AND INTEREST PUNCTUALLY, TAX FREE. Section 1. The Railroad Company will punctually pay the principal and interest on said bonds, according to the true intent and meaning thereof, without deduction from either principal or interest for any tax or taxes which the Railroad Company may be required to pay thereon, or to retain therefrom, under any present or future law of the United States of America, or of any State, County or municipality therein. When and as paid all coupons shall forthwith be cancelled. INTEREST PAYMENTS NOT TO BE EXTENDED. Section 2. The Railroad Company will not, directly or indirectly, extend or assent to the extension of the time for payment of any coupon or claim for interest upon any bonds secured hereby, and it will not be a party to any arrangement therefor by purchasing or funding said coupons or claims for interest or in any other manner. Coupons or claims for interest so extended shall not be entitled, in case of default hereunder, to the benefit or security of this indenture, except subject to the prior payment in full of the principal of all bonds issued hereunder, and of all coupons and claims for interest, the payment of which has not been so extended; the intention of this agreement being to prevent any accumulation after maturity of coupons or of claims for interest upon registered bonds. TAXES AND ASSESSMENTS TO BE PAID. The Railroad Company will from time to time assessments and other governmental charges lawfully imposed, the lien of which might be held prior or Section duly pay 3. all taxes, superior to the lien of this indenture, so that the priority of the lion of this indenture shall be fully preserved. Section 4. The Railroad Company covenants that this indenture is and will always be kept a first and prior lien upon all the shares of stock described in the granting clauses hereof, and upon all otlier shares of stock, bonds and other securities which at any time may be subject to the lien hereof. AGENCY IN NEW YORK. The Railroad Company will Section 5. agency in the City of LIMIT OF PRESENT ISSUE. TniHtee, to as so appraised Trustee. New either keep an York, where bonds and coupons be presented for payment and where demands in respect said bonds and coupons may be served, or designate by written notice to the Trustee, and by advertisement, a bank or trust company in said city for such purposes. may of June THE CHRONICLE 10, 1905.] NOT TO INVOKE STAY OR REDEMPTION LAWS. Section 6. The Railroad Company will not at any time take advantage of any stay or extension law, nor of any law providing for valuation or appraisement of the shares of stock, bonds or other securities, at the time subject to the lien of this indenture, prior to any sale to be made pursuant to any provision herein nor will it claim any right to redeem the shares of stock, bonds or other securities so sold; and it hereby expressly waives all benefit of any such laws, and covenants that it will not impede the execution of any power herein granted ; and delegated to the Trustee. FURTHER ASSURANCE. Section 7. The Railroad Company will also execute such further deeds for the better confirming unto the Trustee all and singular the shares of stock, bonds and other securities mortgaged and pledged hereunder, as the Trustee or a majority in amount of the holders of bonds issued hereunder shall reasonably require. ARTICLE FOURTH. TRUSTEE DEFAULT, TO COLLECT PROM INCOME SECURITIES PLEDGED. 1. In case of default in the payment of any instalof interest or in the payment of the principal of any bond, then, during such default, all interest, dividends and income upon the deposited shares of stock, bonds and other securities subject to the lien of this indenture shall be collected by the Trustee and shall be applied as follows: Section ment — To pay any sum which at the time may be due to the Trustee for expenses or advances made or incurred pur- FIRST. suant to indenture. the semi-annual interes-t which shall be due or payable on the bonds hereby secured, with interest on overdue instalments of interest, at the rate of 4 per cent per annum in the order in which the said interest shall have become due, ratably and without discrimination among the holders of the bonds and coupons entitled thereto. THIRD. To pay to the Railroad Company any balance; provided, however, that if the Railroad Company be at the time in default in the payment of principal any such balance shall be disposed of in the same manner as proceeds of the sale of the pledged shares of stock, bonds and other securities. tliis SECOND. — To pay — 2405 and to be credited therefor on the purchase price to the extent of the value of such bond and interest, upon a distribution among the bondholders of the net proceeds of such sale after making the deductions allowable under the terms hereof for the expenses of the sale and otherwise. At any such sale the Trustee or any bondholders or their agents may bid for and purchase such shares of stock, bonds or other securities. The proceeds of any such sale, together with any other sums which may then be held by the Trustee, shall be applied by the Trustee as follows: To the payment of the costs of sale, and to the disFirst. charge of all liabilities (including taxes, if any, subject to which such sale shall not have been made) incurred and advances or disbursements made by the Trustee. Second. Any surplus then remaining, to the payment of the whole amount owing or unpaid upon the bonds hereby secured for principal and interest, with interest at the rate of 4 per cent per annum on the overdue instalments of interest ratably according to the aggregate amount of principal and interest without preference or priority. In case of default as aforesaid, the Trustee shall be entitled to recover judgment against the Railroad Company for the whole amount due and unpaid; and, in case of a sale of the securities, the Trustee shall be entitled to recover judgment against the Railroad Company for any portion of the debt remaining unpaid, with interest. interest DEFAULT—PROVISIONS CUMULATIVE. Except as herein expressly provided to the contrary, no remedy herein is intended to be exclusive of any other remedy, but every remedy herein provided shall be cumulative, and shall be in addition to every other remedy now or hereafter existing at law or equity. ARTICI.E FIFTH. CONTROL OF PLEDGED SECURITIES. So long as there shall be no default in the payment of the principal or interest of any of the bonds hereby secured, the Railroad Company shall have the right ( 1 ) to vote said stock, for any purpose not inconsistent with the provisions of this indenture; (2) to receive for its own use all dividends and income in respect of any shares of stock held \>y the Trustee hereunder; (3) all interest paid on any bonds pledged hereunder, but no portion of the principal of any bond; nor any interest paid out of the proceeds of any sale of property. PLEDGED TO BE COLLECTED DEFAULT FOR THREE MONTHS, PRINCIPAL MAT BE PRINCIPAL OF SECURITIES BY TRUSTEE. DECLARED DUE. Section In case of default for three months ( 1 in the payment of interest on any bond hereby secured; or (2) in the due performance of any other covenant herein, after written notice thereof to the Railroad Company from the Trustee or from the holders of 5 per cent of the bonds then outstanding; then, and in either of said cases the Trustee may, and vipon the written request of tlie holders of a majority in amount of the bonds hereby secured then outstanding shall, by notice in writing delivered to the Railroad Company, declare the principal of all bonds secured hereby tlien outstanding to be due and payable immediately. If at any time after the principal shall have been so declared due and payable, all arrears of interest (with interest at the rate of 4 per cent per annum on overdue instalments of interest) and the expenses and compensation of the Trustee, and all advances made or incurred by the Trustee pursuant to this indenture, shall be paid by the Railroad Company or be collected out of the accrued dividends and interest upon the securities then on deposit herevmder before any sale thereof shall have been made, then and in every such case the holders of a majority in amormt of the bonds hereby secured then outstanding, by written notice to the Railroad Company and to the Trustee, may waive such default. 2. ) DEFAULT—TRUSTEE MAY SELL COLLATERAL OR BRING JUDICIAL PROCEEDINGS. In case of default made and continued as aforesaid; or in case of default in the payment of the principal of any bond hereby secured, then, and in each and every such case, the Trustee may, and upon the request in writing of the holders of a majority in amotint of the bonds hereby secured at the time outstanding shall, sell at public sale in the manner hereinafter provided, the shares of stock, bonds and other securities subject to this indenture, either in one lot or in several lots, as may be directed in writing by the holders of a majority in amount of said bonds, or, in the absence of such direction, as may seem best to the Trustee. Or the Trustee may forthwith proceed by suits in equity or at law, either for the specific performance of any covenant or agreement contained herein, or for the foreclosure of the lien and pledge herein ^provided for, or for the enforcement of any other appropriate legal or equitable remedy, as the Trustee Section shall 3. deem most effectual. PROVISIONS RESPECTING SALE AFTER DEFAULT. Then follow sundry provisions respecting among them the following: sale after default, Notice of sale shall be published not less than once in each for at least four successive weeks prior to such sale in a newspaper published in the City of New York. In case of such sale the whole of the principal sum of the bonds hereby secured shall, at the option of the Trustee, or of the holders of a majority in amount of the bonds hereby secured then outstanding, become immediately due and payable. In case of any sale as in this Article provided, the purchaser shall be entitled to apply towards the payment of the purchase price any bonds issued hereunder and any matured and unpaid week Section 4. In case any sum shall be paid on accoimt of the principal of any bonds held by the Trustee hereunder, or on account of the interest on any such bonds out of proceeds of property, or in case, upon the dissolution or liquidation of any company, any sum shall be paid upon any shares of stock, bonds or other securities held by the Trustee hereunder, then, in any such case, any such sum, unless applied to the purposes specified in Sections 7 and 8 of this Article, shall be received by the Trustee and applied as provided in Section 6 of Article Sixth hereof to the purchase or redemption of bonds hereunder. Sections 5-9. These sections contain provisions respecting the foreclosure and reorganization of companies whose bonds may be pledged hereunder. PLEDGE NOT TO PREVENT CONSOLIDATION. Section 10. The pledge of stock or other securities shall not prevent the consolidation or merger with the Railroad Company, or with any other corporation whose shares are held by the Trustee hereunder, of any corporation whose shares of stock, bonds or other securities are so pledged, or the lease, sale or transfer by any pi such last-mentioned corporations of its properties, to the Railroad Company or to any such corporation whose shares are held herevmder as aforesaid; provided that such consolidation, merger, lease or transfer shall be made only upon such terms as not to impair security for the bonds issued hereunder. ARTICLE SIXTH. WITHDRAWAL OF PLEDGED SECURITIES. Section I. The Railroad Company shall have the right at any time so long as it shall not be in default hereunder to withdraw, svibjoct to the pro\isions of Section 4 of this Article, any stocks, bonds or other securities held by the Trustee by lodging with the Trustee a copy of a resolution of its Board of Directors or Executive Committee, signed by its Secretary or an Assistant Secretary imder its corporate seal, and by paying to the Trustee in cash, or in bonds issued hereunder taken at their face value, or in shares of said Northern Securities Company taken at the par value thereof, an amount equl to 80 per cent of the value of such stocks, bonds or other securities specified in said resolution for withdrawal as ascertained by appraisement at the time of their delivery to the Trustee hereunder. Provided, however, that if any distribution of assets shall have been made upon any shares of the Northern Securities Company, then such shares shall be receivable only at the value thereof ascertained by appraisement in the manner provided in Section 4 of Article Second hereof. SUBSTITUTION OF COLLATERAL. Section 2. Also on similar resolutions and conditions the Railroad Company shall have the right to deliver to the Trustee in exchange therefor shares of stock or securities of the corporations mentioned in Section 2 of Article Second hereof or of any corporation of the character mentioned in Section 3 THE CHRONICLE. 2406 I Vol. lxxx. 25 PEE cent of bonds keqtjiee action. of Article Second hereof, to an amount equal in value to the value of the stocks, bonds or other securities withdrawn. Upon the written request of the holders of 25 per cent in Section 3. Upon the distribution by the Northern Securi- amount of the bonds, in case of any continuing default as provided in Article Fourth hereof, it shall be the duty of the Trusties Company of the shares or property or money held by it tee, upon being indemnified as herein provided to take all needupon its liquidation or partial liquidation the Trustee may, ful steps for the protection of the bonds hereby secured, as counand upon request of the Railroad Company shall, receive the sel learned in the law shall deem most expedient. portion thereof to which the shares pledged hereunder entitle it. 75 pee cent of bonds control action. RE-APPRAISEMENT REQUIRED. Section 4. When any withdrawal or substitution of securities herevmder shall be requested the Trustee shall require an appraisement of the remaining stocks, bonds or other securities held by it; and if it shall be found that the outstanding bonds hereunder, taken at their face value, exceed in amount the sum of 1 any cash held by the Trustee, and 2 the par value of any shares of said Northern Securities Company upon which no distribution shall have been made then held by the ( ) ( ) The holders of 75 per cent in amount of the bonds then outstanding shall have the right to control the method and place of conducting all proceedings for any sale of the shares of stock, bonds and other securities at any time subject to the lien of this indenture or for the foreclosure of this indenture, or for the appointment of a receiver, or any other proceedings hereunder. may be EEMOVED by 75 PEE CENT OF BONDS. The Trustee may be removed at any time by instruments TEUSTEE writing under the hands of the holders of 75 per cent in of the bonds hereby secured and then outstanding. In amount Trustee hereunder, and (3) 80 per cent of the value of the remaining stocks, bonds or other securities held by the Trustee, NEW TEUSTEES TO BE APPOINTED BY MAJOEITY OF BONDS. then the Railroad Company shall forthwith, and prior to any In case at any time the Trustee shall resign or be removed or withdrawal or substitution of securities hereunder, make good otherwise become incapable of acting, a successor or successors the deficiency. may be appointed by the holders of a majority in amount of the then outstanding, by instruments in writing; provided, Section 5. In appraising stocks, bonds or other securities bonds nevertheless, the Railroad Company, while not in default hereactively dealt in upon the New York Stock Exchange, the ap- under, may, by order of its Board of Directors, appoint a truspraised value thereof may, in the discretion of the appraisers, tee to fill such vacancy until a new trustee shall be appointed by the bondholders. Every trustee shall be a trust company in equal, but shall not exceed, such a value as shall be reached by good standing, doing business in the Borough of Manhattan, averaging the last reported sale thereof each day upon such City of New York, and having a capital and surplus aggregating if there such trust at least be a company $2,000,000, willing and exchange during the then last preceding twelve calendar able to accept the trust upon reasonable or customary terms. months. INDIVIDUAL BONDHOLDEES CANNOT SUE. CASH TO BE APPLIED TO RETIREMENT OF BONDS. No holder of any bond or coupon shall have any right to inSection 6. Any cash received by the Trustee under any of stitute any suit for any remedy hereunder, except upon written notice of such default; nor unless, also, the holders of 26 per the provisions of this Article may, and at the request of the cent in amount of the bonds shall have made written request Railroad Company shall, be used for the purchase and cancella- upon the Trustee to institute such action and have offered tion of bonds issued hereunder at a price satisfactory to the adequate indemnity; it being intended that no one or more holdof bonds and coupons shall disturb the lien of this indenture, Railroad Company, not exceeding 102y2 per cent, of the face ers or enforce any right hereunder, except in the manner herein value thereof and accrued interest; but after Dec. 1, 1907, all provided and for the equal benefit of all holders of such outsuch cash not so applied to the purchase of bonds shall be ap- standing bonds and coupons. plied to the redemption of bonds in the manner provided in AKTICXE NINTH. Article Seventh hereof. MISCELLANEOUS PROVISIONS. ARTICLE SEVENTH. BONDS SUBJECT TO CALL AFTER DEC. 1, 1907, AT 102y2. This article treats of the making and proving of bondholders' instrtmients and other matters of detail. The Railroad Company, at its option, may reARTICLE TENTH. deem all or any of the bonds secured by this indenture at a GUARANTY OP UNION PACIFIC RAILROAD COMPANY. premium of 2% per cent and accrued interest on Dec. 1, 1907, In consideration of the benefits and advantages to be derived or on any semi-annual interest day thereafter. Not less than the said Union Pacific Railroad Company, party of the secby three months' previous notice of the numbers of the bonds ond part, from the issue and sale of the bonds to be issued or the drawn for redemption, (as ease may be) of the redempand secured by this indenture and in consideration also under tion of all of said bonds then outstanding shall be given by of the sum of One Dollar to it paid by the party of the third mail to the holders of registered bonds and to the holders of coupon bonds by publication at least once a week for twelve part, and of other valuable considerations to it moving, the said Union Pacific Railroad Company has covenanted and successive weeks in a newspaper published in the Borough of agreed and by these presents does covenant and agree to and Manhattan, in the City of New York. the Railroad Company and to and with each and every of with the bonds redeemed may used by Railroad The so be Company holders the of the Four Per Cent Refimding Twenty-Five Year at their face value, in payment for any stocks, bonds or other Bonds to be issued under and secured by this indenture, Gold securities withdrawn as provided in Article Sixth, of this inwith the party of the third part, for the benefit of denture. In case of the cancellation of any bonds on the re- and to and demption thereof or the use thereof in payment for securities such holders from time to time of such bonds, or of the coupons thereto, as follows, viz.: so withdrawn the issue entitled to the security of this indenSection 1. The Union Pacific Railroad Company covenants ture shall be correspondingly reduced. and agrees to and hereby does unconditionally guarantee to the AKTICrE EIGHTH. owners thereof the punctual payment by the Oregon Short CONCERNING THE TRUSTEE. Line Railroad Company, party of the first part, or its sucThe provisions respecting the trustee, like all the other pro- cessors, of the principal and interest of all bonds of said party visions of the deed of trust, are most explicit. The following of the first part, or its successors, which may be issued or reissued under this indenture, as the same mature, and agrees are some of these: itself pimctually to pay the said principal and interest if denotice of DEFAXn:.T. fault in the payment thereof be made by the Railroad ComThe Trustee need not take any action to enforce the trusts pany, and further covenants and agrees that it will cause its hereby created, unless furnished reasonable indemnity against covenant of guaranty, duly executed by one of its Vice-Presiall expense or liability; nor take notice of ary default hereunder, under its corporate seal, attested by its Secretary or one dents, unless notified in writing by the holders of at least 5 per cent in amount of the bonds then outstanding, nor take action in re- of its Assistant Secretaries, to be placed on each of said bonds Section 1. spect of any default unless requested by instruments in writing signed by the holders of not less than 25 per cent in amount of the bonds. TaylorTille (111.) Has & Electric Co.— Status.— This compans'd bonds, mentioned above under heading National Light, Hsat & Power Co., are described as follows: First iDortcaee 5. p. o. slDklDf? fund ^old bonds of $500 each; dated Feb., 190S; dno Feb., 1935, but rudeemable at 105 and Interest after Feb. 1, 1915; interest payable Feb. and An(?. atodioeor Knlckwbooker Trust Co., New York. MorfKa^e trustees. Frederick L Eldrldge and W. B. RanrtaU, oflfliers of Raid trast company. Aathorlz-^d oapltaltz .tloi): 5p 0. bonds (Issned $92,000). $10^,000; 6 p. o. preferred stock (lesued «22,500). $27,500; oommon stock. $100,000. The $13,000 boLds nnlHPned can only be sold to provide 8^ p. o of value of extenjlons and Improvements. con solid atlon of Citizens' Gas Lt.. & Fuel Co., Taylorvllle Eleotrlo Co. and the steam-heatin)? plant of Taylorvllle. Annual slnklnR fund, 1 p. c. of bonds outstanding 1910 to 1914; after 1914 2 p. o. Estimated population of Taylorvllle 6,000. This iHsne Is enarantf*ed, b.th as to principal and Interest, by National LlKht. Heat& Power Co. [which sf e for gnaranty] Net earnlnfce of the two com par. les In 190* aKKr#"Kated over $10,000. Dally output of gas 18,000 cubic feet; there are 7 miles of mains. Sapplles to the city 20 arc Hxhts of 2,000 0. p. and 180 32 o. p. lamps; there are 3.270 incandescent lights In stores and residences on meter system. A Co., Brooklyn, N. Y— Mortgage.— companv bas made two mortgages covering property at Avenues J, K. L and M, Noetrand Ave. and East 88d St. to Weatminster Heights rbi8 in the form, or substantially the form, guaranty under the form of bond above. following —Ed.] [see the . & Trust East 35th St.— namely, one to the Title Guaranty Co., as trustee, to secure f450,000 bonds, and (2) the other, a M. Chauncey Real Estate Co. second mortgage, to the D. for J85,000. Capital stock. $300,000, all outetanding. Directors: William H. Reynolds, President; Cornelius E Dmnellon, Vloe-Pres., Horacd O. DuVal, Treasurer; Francis V. Greene and Eversley Chllda. William J. Daane is Sec. and Aest. Treas. Office, 59 Wall St. Westmoreland Coal i:o.—Note» Aut?iorized.—ThQ shareholders on May 25 duly approved the issue of the §1,000,000 i}4 p. c. ten-year notes Bwhich were sold some months ago to Trust Co. The notes are payable in the Provident Life They were issued In series, $100,000 maturing each year. connection with the purohase of the Penn Gas Coal Co. Se& V. 80, p. 1427, 1289, 717. & & & R, D. Farlee, 11 Wall Street, advertise in this —J. S, issue an attractive list ol Investment bonds In lots of from $25,000 to 1150,000 eaob, and embracing a number of steam railroad bonds, some street railway issues and a bljokof New York City bonds, Detailed Inform'itlon and special circulars can be had from them on reqiest. . June THE CHRONICLE. 10. 1905.1 ^bje ®0mmjerdal ^imjes. COMMERCIAL EPITOME Fbidat NiaHT, Jnne 9, 1905. A quiet condition of bnsiness has been experienoed in many lines of merchandise. Climatic conditions over a considerable area of the Eastern States have not been favorable for a full development of the trade demand, anseasonably cool weather holding buyers in check. The iron and steel trades have been reported quiet, practically the only exception being in structural steel; but with an indicated d^ecreased production of pig iron, future prospects for the market are feature of the week that is considered more encouraging, receiving general attention is a move on the part of the A Powers looking for peace between Japan and Russia. The reports from the West and South have reported favorable progress of the growing crops the past week, Lard on the spot has continued to meet with a slow demand, and as there have been freer offerings there has been an easier drift to values. The close was flatat7'80c. for prime Western and 7c. for prime City, The demand for refined lard has been quiet and prices have declined, closing Speculation in lard at 7'40c. for refined for the Continent. for future delivery has been moderately active. Larger reand a dull cash trade have prompted selling, under which prices have declined. The close was lower under selling by packers. DAILT 0LO8INO PBICEB OF LABD FUTUBBB IN CHIOAOO. Man. Sat. Tuea. Wed. Ihun. Fri. 7-35 7-30 7-42ifl Jnlydel'y 7 32]« 740 720 ceipts of hogs Sept. del'y 7-60 7'67J« 7-60 7-&5 7-50 2407 COTTON. Fbidat Nioht, June 9, 1905, as indicated by our telegrams from the South to-night is given below. For the week ending The Movement of the Chop this evening the total receipts have reached 101,681 bales, against 130,614 bales last week and 136,587 bales the previous week, making the total reoeipte since the 1st of Sept,, 1904, 9,187,790 bales, against 7,009,114 bales for the same period of 1908-4, showinsr an increase since Sep.l, 1904, of 2,178,678 bales. at— Beeeipti Sat. 9alve8ton.... Pt.Artbnr,<Scc BTe-w^ Orleans... I Man. 1,828 Wed. Tue$. 3,617 6,181 Thurt. 6,307 2,026 rwavaa Iri. Ti>tal. 3,741 7,390 2,848 862 2S.600 7,390 23,360 2,981 4,116 3,167 4,919 6,316 667 604 668 681 79 2,956 711 4,918 2,968 3,990 2,740 2,249 2,466 6,986 19,331 6,986 Oharleeton Pt. Royal, &o. 168 183 44 20 7 55 477 Wilmington Wa8h'ton,&c. 767 449 240 264 172 835 2,717 2,357 3,354 1,915 1,522 1,881 968 11,997 l,18i MobUo Penaaeola, &o. Savannah 681 Bronaw'b, &e RTorfolk... N'p'tNewa.Ao. New York. Boston Baltimore PhUadelp'a,Ac Tot. this -week. 1,184 83 114 18 164 15 165 69 66 139 407 2,247 26 2,247 61 194 16,201 14,275 18,703 16,296 10,053! 28.163 101,681 The following showo the week's total receipts, the total since and the ettocks to-night, compared with last year. 7*40 Sept. 1, 1904, The demand for pork has been of a small jobbing character and prices have been easier, closing at $13 25@13 75 for mess, 1904-06. Bteeipta to $13 00@15 CO for short clear and |15 0:@15 50 for family. Cut Thit Since Sep, June 9 meats have been quiet, but prices for pickled bellies, owing vaeeX. 1, 1904. to light stocks, have been well maintained, closing at b%@Qo, for pickled shoulders, 10®^ OJ>^c. for pickled hams and 7^@ aalveston.. 22,600 2,574,419 Ft. Ar.,&c. 7,390 281,401 8^c. for pickled bellies, 16@1U lbs, average. Beef has been quiet but steady at |10 50@11 50 for mess, $12 00@ 13 00 for New Orleans 23,350 2,613,307 packet, $13 00@14 00 for family and $21 50@23 00 for filobUe 305,484 2,981 in tcs. Tallow has been extra India mess quiet P'saeola, Ac. 681 187,298 but steady at 4J^c. Stearines have been quiet and Savannah... 19.331 1,676,628 slighly easier, closing at 8c. for lard Etearlne and 1^4® Br'wlck, Ac. 5.986 190,378 7^c. for oleo stearine. Cotton-seed oil has been fairly activ e, Charleston.. 477 210,433 and closed firmer at 29@29^e. for prime yellow. Butter has P. Royal, &o. 897 been in fairly active speculative demand and firmer for the Wilmington. 2,717 351,461 better grades, but the close was quieter at 17@20%c. for Wash'n, &o. 122 creamery. Cheese has declined but the close was steady at Norfolk 11,997 698,060 8J^@9c. for State factory, full cream. Fresh eggs have held fairly firm for the better grades, closing at 17>^@18q. for best Western, Brazil grades of coffee have had only a light sale and as there have been freer offerings, Brazil appearing in the market as a seller of forward shipments at lower prices, there has been a slight yielding in prices. The close was dull at 7%c. for Rio No. 7 and 81- 16c. for Santos No. 4. The demand for West India growths has been quiet and prices have been slightly easier, closing at 9)^c. for good Cucuta and lC%@llc. for good average Bogota. Trading in the speculative market has been moderately active. Discouraged speculative holders have been sellers to liquidate their accounts, and there has been selling against purchases of coffee for shipment from Brazil; prices have declined. The close was asy. Following were the closing asked prices: ( Deo 6-65o. Jan „».. 6-700. 6'30o< Nov Maroh 6-80o. sugars have been quiet, both buyers and sellers being Jnne......»« 6'15o. July 6'20o Ang Raw Sept Oct 6-35o. 6-450. 6*65o. Boston.. .. Baltimore. PUladel.&o. 22,531 31.966 73.650 67,051 12.704 1,184 139 407 2,247 191 101,681 9,187,790 Totals Thi$ week. Stock. Since Sep. 1, 1903. 1906. 2,705 2,326,863 100,929 5,620 1,945,316 1,424 196,928 133,624 2,592 1,127,161 120,760 126 164,026 1 1,282 58 321,104 1,161 336 467,795 198 155 33 347 23 21,070 16.915 29,796 29.715 13,991 14,448 7,009,114 1904. 90,486 12,897 129.066 34,477 136,517 26.068 7,039 4.856 29,840 8,144 463 31,003 1.026 132,403 3,770 3,109 62.679 2,482 1,705 1.568 864 797 471,674 252,974 1,097 2,229 In order that a comparison may be made with other years, give below the totals at leading ports for six seasons, we _____ BeeeiptM at— aalves'n, &e. New Orleans Mobile Savannah... 29,990 23,350 2,705 6,620 1,424 2,692 2,981 19,831 477 fVilm'ton, (bo 2,717 11,997 1,184 9.654 Norfolk 1903. 1904. 1905. Ohas'ton, &o. i indifferent; prices have declined, closing at 4 5-16c. for centrifugals, 96 deg. test, and 3 ll-16c. for muscovado, 89deg. test. Refined has had only a limited demand, but prices have held steady at 6'65c. for granulated. Pepper has been in fair demand and firm. Rice has been fairly active at advancing prices. Teas have been quiet but steady. Keii tacky tobacco has been in fairly active demand and has sold at firm prices. No large sales have been reported In the market for setd-leaf tcbacco ; still there has been a steady demand for old stock, and with only limited supplies offerings, prices have ruled firm, Samatra tobacco has been in bettor demand and at firm price?. Havana tobaoco has had a moderate sale and prices have been well maintained. quiet market has been r< ported for Straits tin, but London advices have been firmer and prices have advanced slightly, closing at 30@30 10c. Ingot copper has had a good sale to both exporters and the home trade, closing steady at The demand for lead 15c. for both Lake and electrolytic, has been quiet ;;price8 have been unchanged at 4'50@4'60c. Spelter hag beeu quiet, closing at 5'80.j. Pig iron has been quiet, and with stock accumulating prices have been easier, closing at $16 25@16 75 for No. 2 Northern and $16 26@16 75 for No, 2 Sauthern. Refined petroleum has continued in fair demand and steady, clcsing at 6'90c. In bbls., 960j, in cases and 4c, in bulk. Naphtha has been easier at lie. for 71 degrees and He. for 76 degrees. Credit balances have been steady, closing at Spirits turpentine has declined sharply but the close l'27o. was steady at Q5^o, for machine bbls, Ro&ins have declined, closing quiet at $3 50 for common and good strained, Hops hive been quiet and unchanged. Wool has been in moderate demand and firm. A N'portN.,&o New York. 1903-04. 1902. 1,503 6,942 1901. 2,839 11,015 126 464 590 2,266 1 3,529 84 8 331 3,059 1.158 63 3,772 127 68 641 78 1,414 198 563 2.002 14,448 13,466 1,161 950 19,459 18,334 4,827 188 455 44 10 1,114 138 302 630 5,384 4,633 20,356 61,907 12,423 Slnoe Sept. 1 9187,790 7009,114 7645,802 7318,767 7214467 N. News, Ac. All others... Tot. this wk. 101,681 ev?8l 262 The exports for the week ending this evening reach a total of 190,964 bales, of which 100,673 were to Great Britain, 26,022 to France and 61,270 to the rest of the Continent, Below are the exports tor the Week week and since Sept. Bndim J wit 9. from— rrom Sept. 1. 1904. k, NewOrleani. 92 11.433 11,581 ••••• IZ.OCO 4,103 1,210 1,?10 2,349 18.535 20,884 101,198 272.041 10,103 117,337 10.'- Vioblie (>«niaoola,Ao. SaTanusta...... .... 71,003 1,189,754 257,411 61,3^5 27,687 1,019,813 315.871 55 051 33,75i- 49,179 Pt.Arthar, Ao. 10.103 June 9, 1906 Exported to— Ootiti- lotal Great Great trance Franct Wtek. Britain. BriVn. nent. tJalTetton.... Bntniwlok 1906. Bxvorted to— Bxportt 1, 1904. Oharleiton.... 19,69(> 61.489 8,379 Continent. Total. 64a.S0-i 2.C89.371 lOO.fSO 162,335 854,022 3.219,706 57.326 143,136 ea.lic 183 255 872,770 1,196,303 6,94e 164,?5S 71.617 77.89d 169.046 8,a3s 836.803 21,851 20,589 PortBojal.... Wdmlnirtoii... Norfolk N'portN., Ao.. 11,881 000 York 6,«71 Boit*n 3altlmor« 1,487 .New Pblladalphla.. ^an Frao., A«.. Total Total. 1808-01. 210 8.868 2,100 100,672 26,022 24,270 401 11,381 168.103 020 18,210 299,641 174,908 116,217 61,025 6,373 11,884 101 125 50 23,381 1,588 8,7e3 2.150 23,331 9.954 13.81r 100 2.27& 89,298 217,315 .... 14117 4.674 37,147 4,431 281.762 516.254 189,3'5 153,033 68.456 281.762 84,270 190,964 8,681.035 765,601 3.895.936 7,848,478 6.186 80.856 8.437.541 e86.3n 2.637,178 5.761.040 .. . . d . THE CHRONICLE. 2408 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. Nev7 York, which are prepared for our special use by Messrs. Lambert & Barrows. Produce Exchange Building. FoTTJBEB. 'Vol. lxxx. —Highest, lowest and closing prices at New York, We ON SHTPBOABD, NOT OLBABBD FOB— Leaving June 9 oi— Oreat Britain Fr'nee Oer- many. Other OoastFor'gn ieiae. ttoek. Total. GOOD I I Sew Savannah.. 8,518 17.876 12,131 1.300 2.988 6.627 4,500 2.400 22,029 9.P53 2,419 Orleans. Oalveston.. .. .. Charleston ... Mobile Norfolk New York.... Other ports . 15^006 l6",676 3",6o6 2,500 4.206 2,500 i',000 4,000 S58 1,863 1,300 i".5o6 29',670 20,632 20.632 9.300 7,000 i'.ioo 500 IMSB 34,564 22,768 72,954 67,866 16,449 4,856 4,807 10.374 128.103 16,312 56,113 22,621 10,619 Total 1905.. 56,301 25,813 165,964 316,720 Total 1904.. Total 1903.. 12812 8.824 19,774 6.799 4.367 52,576 7381 8,190 7,893 2,793 26.257 200,393 266,055 Specula'ion in cotton for future delivery has been moderately active. Daricg the first half of the week there was an The private reports received from easier tendency to prices. the South reported the weather oonditions more favorable for the crop and this induced selling for the account of recent buyers to realize en their purchases. Bear interests also were reported more aggressive sellers. Wednesday the market showed a steadier tone and on Thursday prices made a fair advance. Reports were received on the market of too hot weather in Texas, and aggressive buying from New Orleans and local interests developed, which carried prices up and brought some shorts into the market to cover contracts. Considerable stress was placed on the large export movement of cotton during the week, and factors continue to report a good, steady demand for desirable spinning grades of cotton. Friday there was a fairly active and higher market. Liverpool advices reported a much greater advance in prices than expected, due, it wag understood, to buying to cover short contracts in that m-*rket over the Whitsuntide holidays, from Saturday to Monday, Inclusive. Continued reports of too hot weather in Texas aud bufllng by New Orleans Interests also were factors in the advance. Under profit-taking sales part of the a'lvance was lost. The close was steady at a net gain for the d^iy of 6@11 points. Cotton on the spot has advanced, closing at 8'70c. for middling uplands. The I I I d ta to I I I ' •3 ^1 S «| 0000 I »0 MOl MCC t0»9 OCQO to«^ 00 , GOOD II d I II ko t3 @ QDOO 00 kOM M 00 CO II II s I d II II OOQO GO kO 03 I < d COCO kSM . I I I I I QOQp t^fk VIM Id GOOD t^W OCK I II II d 0009 I I 00 oo » I M d d Moi S 1 00 M I ' ® & OOQO 00 MkO MIO 0<M M O OOQO QDOO GOOD kOM coo aooi Id d d 0000 koto OOOO QDOO coca GOOD GOQB MO MO Mco Oko »»0 00 apo ©CD ^co -3«j c6c6 d IS OOQO OM «»M •300 COM COM 03 001^ -^^i coco OCO 6c6 OOO OOb OO OO O oif^ kooo : d OOOC ODGO 0000 OCOO COM toM kOO QICO •OOD >3«4 . 0000 OO OD oco c66 M«4 CUOD coco oico COCD d d . MO MO f^-kO tso "a-Ji ODob koto . i^ 00 00 «c6 coco coco OOO MCO O*^ QDO OCO o O O:" CO d ODOO OCQO OOOO oo Kt^ a*- y^t-' «oc» o« t-'t^ Mto Oht OOO o — noo 0000 QOOD coco OCOO ODOO OOQO 00 coco ODOO CS^ CM d id QOOD ODOD OCOO CDGO 00 ftlt^ MM MCd ^1^ Mka Mka COOO o o o o I CO to 1 ' * o °° 1 1 d d GO '^ 6, o CO d CO : 00 1 1 00 d d d * 00 00 CO I >» 00 CO d * t^Ol • . CO' QOOD tato OOQO t^CO QCCO •'I 00 '~>tO to to 1^ <x> OOOO tote COC/J d 00 dididididid OOQO d 00 kOCO •a^a ccco occo GOGO tt^O o CO 00 col' tota Id oo MO 00 WCD d i oeo MM coo MO 00 00 COCD OCOD CCCO t^W If C ! CO 00 ' OOC COO cc^ <j<i coGo kOM t4 to d I ODQD <i<i (cob (000 ov *" GO 01 CO GO 00 d COCO ODOO C0(9 OIP- coco QOI-' 03 ex CDO GOOO * ^ •400 GOOD OOOO ' I 00 oo ©CO QDOO CO 00 I OCD o»a 00 -O CO woo d HM tsco 00 <I oco t-M h-M -3 to I 00 00 op>j QDOO m6 ao OOOO l^CO 1 ' (O d OOOO ccco GOOD CO 00 I OOQO 600* 00 op oo CJ»«>I I^CO d did 06 «1 II id tSQO I II ODOO OH MO OCT OJOO ' 00 00 oco ^co d OOOO I 0000 OOOO t^t^ ODiU 00 €) II HO ® OOQO bSto M-^ 00 C" II Ota OOK COM I 00 en CD to CD I I GO op tclM COO) I CO 00 I I I op Op o 00 o d OD k3 CO ^1 *5 , Id CO* o 00 kO d o 1 on and off middling, as established Nov. 18, 1903, OS CO CO to CO 1^ CO M OD kO kO o by the Revision Committee, at which grades other than middling may be delivered on contract, are as follows. The Visible Supply of Cotton to-night, as made np by Fair 0. 1*30 on Good Middling Tinged Even cable and telegraph, is as follows. Foreign stocks, as well 0. BliddllngFalr 096 on Strict Middling Tinged.... 0*06 off as the afloat, are this week's returns, and consequently all 0*62 on Middling Tinged 0-12 ofl Btrlot Good Middling 0-44 on Strict Low Mid. Tinged ... 0-34 ofl foreign figures are brought down to Thursday evening. Good Middling 0-14 off Low Middling Tinged 0-50 ofl But to make the total the complete figures for to-night Strict Low Middling 0-38 off Strict Good Ord. Tinged Low Middling 084 ofl (June 9), we add the item of exports from the United States, 0-72 off Middling Stained 0-50 ofl Btrlot Good Ordinary 1-00 off Strict Low Mid. Stained... 1 06 ofl iociuding in it the exports of Friday only. Good Ordinary 1902. 1904. 1903. 1905. 1-50 ofl Btrlot Good Mid. Tinged.. 0-30 on Low Middling Stained KtookatL'>T«rpooic«,».»iie,ieB. 832,000 661,000 693,000 948,000 On this basis the ofiBoial prices for a few of the grades for stock at LonilOB.,..,.,,^..,.^...,., 13,000 11,000 11.000 12,000 the past week— June 3 to June 9— would be as follows. 4 8,000 68,000 Btook at Manohester. >.». ..,-«». 55,000 rates 1 1 I I i 1 1 1 1 1 . . . UPLANDS. Sac. JMLon Tnes Wed Tb. Frl. 7-60 7-40 7-40 812 8 02 7-40 8-02 755 802 Middling Good Middling Middling Fair 8-50 8-94 9-46 8-40 8-84 9-86 8-40 8-40 8'65 »-84 9-36 8-84 9-36 B-99 9-51 7-70 8-32 8'70 » 14 9-66 GULF. sat. ITEon Ta«s Wed Th. Fri. GK>od Ordinary................. 7-76 837 7-65 8-27 8-65 765 Low 7-65 8-27 8-66 7-95 8-57 909 7-80 8 42 8'8C 9-24 8-95 9 39 9-61 976 9-91 Wed Tto. Fri. 6 90 7-90 690 7-20 8-06 8-40 306 7-05 8-05 8*21 8-55 Gtood Ordinary......... Low Middling". .... Middling'. 9 19 »09 8-27 8-65 9*09 9-71 9 61 9-61 8T5 Middling Good Middling Middling Fair RIou Tu«» STAINED. Sat. Low Middling 700 690 Middling....." 8 00 8'16 8-50 7 90 Strlet Low Middling Tinged... Good Middling Tinged 806 8 40 7-90 8-40 8-17 8 20 8 36 8 70 The quotations for middling upland at New York on June 9 for each of the past 82 years have been as follows. 1906. ...0. 8-70 11-90 1904 12-40 1903 1902 1901 1900 1899 1898 1897. ...0. 71I16 1896 1895 1894 1893 1892 1891 1890 708 7»* 788 713,8 1889....0.113l8 1888 lOiie 1887 llBie 1881....0.11iift 1880 liiBie 1879— ...1318 1138 1886 9H 1878 1'Og 1008 1885 1877 9 lios 1876 12 1884 7^ 6fiie 1008 1883 1875 8% 15Al 18i« 12>4 6»a 1882 1874 I214 MARKET AND SALES. The total sales of cotton on tne spot each day during the week are indicated in the following statement. For the convenience of the reader we also add columns which show at a glance how the market for spots and futures closed on same days. 998 838 Spot Market Olobbd. Batorday ynlet Monday.... Qnlet, 10 . I'needay . . Dall Wednesday Unll pts. do. Fdtuhes Maekkt Olobbd. .... Export. steady Bteady Cinlet Very steady Very steady. Thursday.. ;inlet.l5pt».ail. Friday Qalftt,15ptB.aa, 3t«i»dy Total 8ALBS OF Spot 4,006 4.000 Oons. dt spec. 800 133 258 686 & Oontbaot Oontracl. Total. 200 600 133 • *•• 4,253 ibo ioo 300 4.986 Total Great Britain Btook.' 900,000 620,000 66^,000 950,000 21,000 22,000 18.000 11.000 Stock at JtXauiOcirg. 328,000 205,000 242,000 136,000 Btook at Liteiuea ..^ . 4,000 6,000 6,000 1.000 Stock at Aulweriv ..... 161,000 164,000 Stock at a&vre..... ...» 113,000 164,000 3,000 3,000 Stock at (f arsoilleB... 3,000 3.000 60,000 23,000 22,000 Stock at Baroelona 28,000 21,000 36,000 Stock at Seuoa 40.000 61,000 . .„ 12,000 6,000 Stook at T»»«9** n,,...^ _.. .... 15 000 5,000 Total Oontlnental Btoeks 640,000 466 000 502,000 894,000 Total European stooks. 1,440 000 1,086,000 1,164,000 1,354,000 111,000 iSurope 105,000 149,000 149,000 India cotton «noasIor 93.000 101,000 91,000 Amer. cotton «aoatf or S'rope. 367,000 42,000 19.000 27,000 Egypt, BrazU,&fl.,afl%.f or E'pe 24,000 48,000 100.000 Stookln Alexandria, Egypt... 160,000 181,000 Bombay, India......... 907,000 487,000 709,000 eoii.ooo Stock Stock Id United tjtatea port*.. 471,674 252,974 2H2,3i2 389,618 73,400 148,170 Stookln U. 8. IntorlortownB.. 272,709 137,844 11,86 2 992 3,500 Unlt«d States 'Tponsto-aay 20,896 Total visible Bupply ...8,768.279 2,365,318 2,538,704 2,762,150 Of the above, totals of Amer^.oan ana otitwr cnGcript!<;a8 are »« loiiowi: - m d-wwriiear'— 767.000 431,000 497.000 821,000 52.000 88.000 44.000 371,000 417,000 289.000 lOittnantaifttockb. ...«,...„.„„« 608,000 93.000 101,000 91,000 ii»>erlo»M«.noftt fotKnrope... 867.000 471,674 252.974 282.812 389.618 idJltedaHBtesBtOCk. 73,400 148,170 137.844 Jutted atatenlnterlorfltookB. 272,709 H.^Qg ^92 3,5U0 20,896 <Bit«(3 8t(»t!e».axpo)r«B to-flay. 1.810,160 1,415,704 1.325.318 American 279 Xoxal a,441 liaat Indian, BruxU, die.— 127.000 96.000 76,000 130,000 .ti-u«rpool8took, 12,000 11.000 11,000 18.000 ^.^ondon stock................ 6.000 10.000 11,000 Mauctaeater Btook........ .... 55,0d6 85.000 95.000 82 000 XtutineniaisiooCB ,.,....,.. 105,000 149,000 149.000 111,000 ndla aaoat for Snrope . ..^ 42,000 19.000 27,000 24.000 £^Tpt. BrasU, Ac. aflOKS. .. 48,000 100.000 160.000 181.000 itook in Alexandria, Egypt. 907,000 487.000 70,i.000 505,000 ^took In Bombay, Tndta...... ToCBl JKast India, *e..,.« r327 000 1.040,000 1.123,000 9.^2,000 2,441 ,279 1,3-25.318 1,415.704 1.810.15 Total Amerloan......,.^ ..8,768.279 2,365,318 2,538,704 2,782.150 Total TlKlble supply.. 6-8M. 51l6d. 6-«8<l, *'73d iHailnn Upland, Liverpool.. i;'i-86o. 8-703 12;l5o. 97iao. l.ddUns! Upland, Re-w fork.. 7i!»d, 7B8l ;«yptGood^Browa,Liv8rpooi , ^]}S^10-50d. SJ5A. 'wur. Rough Good.I-lvffrpool lO-8od. 4i3,ad. 6*oi6d. eega^. 4»i«d. sroaoh iTino, Liverpool .j''flrpool»t)ek— ~-...iai»l«0. Qianohestor atook... .,>.,«.. .. ,, , Mnnevieliy . «:4oort. IfjVveirpool... 4»fl(l, 6'^id S^isd. 4''8d. past week have Deen 92.000 bales. The above figures for 1905 show a decrease from last week of 107,638 Dales, a gain of 1,402,981 bales over 1904, an exceas of 1,229,675 balee over 1903 and a gain of 1,006,129 hales over 190?. |^~ Continental imports . 1 June 10 THE CHRONICLE. 1905. At the Interior Towns movement— that the the is week and since Sept. 1, the shipments for the week and the stocks to-night, and the same items for the receipts for the — corresponding period of 1903-04 set out in detail below. is ig|§£»pg^S 31 (9 itr^ p cyaz-.S 2 §55- <"• is^gp-a^ B?s so ^ :<. Cw H p-r O 03 O P iK afc; w Sao o !»; CLOSINO QUOTATIOHS FOB KCDDLDTO OOTTOH OH— Week ending June 9. Sat'day. Monday. Tuesday. Wed'day. Thur$d'y Friday. > OB 8ifl 8>4 838 8 8h 8h6 836 8 838 83ia 8 8 8H 8^ 8 81s 7'8 8B16 8 83ie 8 Boston CO*^C0' cna50 t9 K) M>' O5tC000DU< The o>aai^'(xico-^;oa5c;(r'oioot9i^MMMW<«i^ooi^(j<wi>4 MM COMOS tOMM M W— M 03 M o <i ai 00 1^ ^ w m m c qo os 05<I0500M0DtOOC0t3C0b3 w «^ «o ^co^jockomwoi O3w'If..V)";0*-' www"— TcVjojcowloOcro'i'O" wl3 0'"^'«^a)ko"^ (-"-M coxwo>r^ooo5<xlcoo^><^touIQOl^^^Ml^OMCn^^(ou•oawwo•oWlf^l^ C;iO^CO^|U.^aD<]OlO<t3l(^aOOao<IOOQOl^^QD«ll^a>«t9a5(»^Ot3M « M *0 .^05MM eo ^M^bO 05 JO J>0 J« lsMWtOMO''^00^<IMlOWM"t>5M'M«0®<IM'lk.O''c'>'ao'io M ,«^ >^ to o -a o O O -4 w o w »o 00 o< <i so OS 00 o o -^ w w M 00 o ® 05 M © to o o ,•>«.§ . • • ; • ; M M M to toCO* MtototoM*..; CO 00 •>J 05 05 -J > • <ji to if».M05 ksww tOtOM I : to • oij i(i- cji; iF^OMtaCJIi 0>a3QC:p-- oooo; M _,, lo M __ C^OOltSOSODOiMiti.; ooo. a- w- Miac;i(S)05O<iM05 to to 00' ootol ow> ^ CT wcow-jw WtStS' to M W' o<imu»; WtOMW' ^ MO ODtOO^M Olf^KJOO-JCnOOJ- COI03-J-J MM M M bO 05 W 1^ 05 W W M *» M SI ou'WOMO%MtoKi«co5«aMO«oo<a5«o?Da5W MCOco*'Me«»sOM»a<io«>05M'y<!005MOoooy<tao;Mi-o The above totals show that the interior stocks have decreased during the week 27,802 bales, and are to-night 134,665 bales more than same period last year. The receipts at all the towns have been 38,488 bales more than same week last year. Overland Movement for the Week and Since Sept. 1.— We give below a statement showing the overland movement for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending JuLe 9 and since Sept. 1 in the last two years are as follows. June 9. Week. 1903-04. Since Week. Sept. 1. Since Sept. 1. Shwped— V a Via Via Via Via Via 8t. Loola Cairo Rook Island 6,109 3,400 Louisville.............. 1,569 Cincinnati other roates, 284 870 &o 13,276 Total gross overland.......... Deduct shipments— Overland to N. Y., Boston, &o.. 2,326 500,2''6 840 50 248,702 13,648 117,766 31,282 194,120 6.'54 89 503 25,508 1,403.313 4,462 1,105,794 563 497 921 175,371 30,844 53,627 28 2,818 89,417 30.807 94,813 4,405 259,842 3.409 215,037 21,103 1,143,471 Including movement by rail to Canada, 1,053 890,757 2,987 Between Interior towns Inland, &c., from South Total to be deducted...... .... Leaving total net overland' * 572,089 317,321 49,990 94,913 55.081 313,919 . The foregoing shows that the week's net overland movement this year has been 21,103 bales, against 1,053 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 252,714 bales, 1904-05. 1903-04. In Sight and Spinnerf Takings. Week. Since Week. Sept. 1. 838 838 8J4 8 95 8>« 838 8i« 8I2 89,6 87,6 8ifl 7%" 7H» 7 '^8 . . 8H Natchez 8 14 Raleigh 8i« T's S^i Shreveport..-. 7-95-13 7-96--12 8-06--07 803-09 8 810 11-12 8-34 -35 -35 8-41--53 8-40--41 8 07--08 8-14--28 8 27-'29 8-40-44 802--03 8-03-09 7-98-99 7-95-02 8 02- 03 801 807-20 807-08 8-21--23 8-28--36 8-27--28 7-91--13 7-92-08 7-91-08 8-25-36 793--99 Dec'beb— Range 802- -03 807--08 8-21--22 826- 27 7-95--lfi Closing.. 802-03 797--12 8 07- 08 Sept.— Range.. Closing.. n £ § ^ Spot.... Quiet. Options. Steady. Quiet. Quiet. _ 7 95-12 811- 12 Steady. Steady. 803--22 809--26 8-26--27 Firm. Firm. 8-31--33 8-30--41 8-31--32 Firm. Steady Weather Repobts by Telegraph.— Telegraphic M05^oclKJ^otoooMl^oOloC50i<^lf'»^0'tDOOMlt>^^cD^otf^ 1904-05. 8H 855 8£0 reports received tbieeveoins from the South denote that the weather has been favorable as a rule during the week. Over much of the cotton belt dry weather has prevailed, and where rain has fallen the precipitation has been light quite generally. Rapid progress has been made in clearing fields of grass, and improvement in the crop is noted by many of our correspondents. At a few points rain is now claimed to be needed. Oalveaton, Texas. The week's weather has been very beneficial to crops in Texas. Farmers are rushing chopping cotton and bringing it to a stand. Dry here all the week. Average thermometer 88, highest 87, lowest 77. Abilene, Tixas.—W@ have had no rain during the week. The thermometer has averaged 80, the highest being 94 and the lowest 86. Brenham, Teajcw.— Rainfall for the week only a trace on one day. The thermometer has averaged 81, ranging from we have r'i^i^f' .t-'i-'i"' 8-38 8-80 838 8-00--12 7-98--99 Closing.. t , _- M w-io 8-38 8 65 Monday, Tuesday, Wed'day, Thursday Friday, June 5. June 6 Jdne 7 June 8. June 9. Tone- *-ooOMtaociomo9 co: 3. 800- -01 . 'to 81s 8I4 7-95--18 Range.. *>• Montgomery .. Range Closing.. Vi 840 8H 7% Louisville Closing.. OCTOB'K- W; M; 838 840 JlTLT- ATIQ08T— Range.. • • t i 8 8Vt tu c^eo c;> 8I4 8 Sai'day, June M 8 85i« 8 8I4 NashvlUe...... 7\ Orleans Option Market.—The M«oifkK>OM05i;&~JwwoMto^kOMK)03<iwe<5toovjK) kO 8 8k highest, lowest and closing quotations for leading options in the New Orleans cotton market the past week have been as follows. Mww>taoMtoM05tew«j W«0 i^05<IOO'05M«)m«Om isicMO<-iMOOMM(»aoifk-a-aoMOMM(»oaoox»q«**rr"aoVoi^ U,^500i<iyiMCOCio-J03MifcWt5M0003MtOMCni:C>'«aK)OOOOiCrO p 8I4 838 87,8 8^ — C;<eOOOOQ005«4000CU<W«i;^rf^WWMMU«MtO<oCMl^OOlF>-tOMtfl4-00«) CO 838 838 87ia 8>4 8 8'* closing quotations to-day (Friday) at other important New CO ^ )F>' 8-40 8-38 8-65 Columbus, Ga.. Columbus, Miss if>- )f^<oii^v(x><i 8-50 8-50 8-65 Atlanta. O05M«0MMMMbSlf'MO0'. C0<lb90<101l&- W'to 838 SBb Southern markets were as follows. to •J to Tu a> 00 8 838 8-50 8-50 87,6 838 Uttle Rock.. VtOM''>t«tO«<<-'aD^tSMOC;>C><COtS»CClUQDa5l-' 8^ 7'8 8 838 8 75 838 8t. Louis..., Houston cn 8^ Oalveston. New Orleans Mobile ...... Savannah... Charleston Wilmington. Norfolk . 09 2.^ 3: — Baltimore. Phlladelph'a Augusta... Memphis.... a 2W OOCH t .» 2409 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. . B* H t .. . ' Since Sept. 1. — 71 to 91. — Corpus Christi, Texas. There have been showers on two days during the week, the rainfall reaching twenty-four hundredths of an inch. The thermometer has ranged from 74 to 86, averaging 80. Nagodoches, Texas. There has been no rain during the week. Average thermometer 73. highest 95 and lowest 61. Palestine, Texas. We have had rain on one day during the week, to the extent of sixteen hundredths of an inch. Th© thermometer has averaged 82, the highest being 94 and the — — lowest 70. Paris, Texas.— Dry weather has prevailed all the week. Thermometer has averaged 83, ranging from 72 to 94 San Antonio. Texas. There has been rain on one day during the week, the rainfall reaching twenty- six hundredths of an incb. The thermometer has ranged from 68 to 92, averag^ ing 80. Cuero, Texas.—The weather has been dry all the week. Average thermometer 82, highest 95, lowest 68. Dallas, Texas.— have had no rain the past week. The thermometer has averaged 82, the highest being 96 and the lowest 68. Henrietta, Texas.— We have had a trace of rain on one day during the week. The thermometer has averaged 82, ranging s s from 68 to 98, KerrviUe, Texas,—There has been no rain during the week. Average thermometer 79, highest 90 and lowest 68. Lampasas, Texas.— We have had no rain the past week. The thermometer has averaged 78, the highest being 94 and the lowest 62. Longview, Texas.— It has been dry all the week. Tfce thermometer has averaged 83, ranging from 70 to 96. Weatherford, reaoa.— There has been no rain during the week. Avtrage thermometer 84, highest 97 and lowest 70. Fort Worth, reaas,— There has been no rain during the week. The thermometer has averaged 81, the highest being 94 and the lowest 68. New Orleans, Louisiana.— There has been rain on one day during the week, the rainfall reaching one inch and nine hundredths. The thermometer has averaged 82. — We > Receipts at ports to June 9 Net overland to June 9 Southern consumption June 9.... 101,681 9,187.790 14.448 7,009.114 l,0r.3 21,103 1,143.471: 690,757 44,000 1,712,000 42,000 1.671,000 166,784 12043261 27,802 211,049 Total marketed * Interior stocks In excess. * Came Into sight during week. 138,982 Total In Bight June 9 Worth, spinners' tak'gs to June * Decrease during week. Movement Week— June 1902— June 1901- June 1900- June 1903 9. 45,047 12254310 9,697,313 18,377 2,099,094! 9,983 2,053,469 into sight in previous years. Bales. 12 13 14 15 57,501 9,570,871 12,454 126,442 48,325 49,933 69,148 41,630 Si7ice Sept. 1— 1902-03-- June 12 Bales. 10,327,855 1901-02— June 13 9,936.788 1900-01— June 14. 9,843,964 1899-00-June 15....... 8,739,440 . ^ THE CHRONICLE. 2410 Shreveport, Louisiana.— It has been dry all the week. The thermometer has ranged from 70 to 96, averaging 83. have had rain during the week, Leland, Mississippi.— the precipitation reaching twenty five hundredths of an inch. The thermometer has averaged 75'l,the highest being 89 and the lowest 63. Visksburg, Mississij^i.— Weather favorable for work and have had good progress made in getting crops in shape. rain on one day of the past week, the rainfall being thirtytwo hundredths of an inch. The thermometer has averaged 80, ranging from 69 to 92, Helena, Arkansas,— Cropa now need rain. Farming is progressing rapidly. Cotton is getting clean, and some looks well. There has been rain on one day of the week, the precipitation reaching ten hundredths of an inch. Average thermometer 77, highest 91 and lowest 68. For — Crops very much improved by Little Rock, Arkansas, hot weather and cultivation. We have had rain on one day of the week, the rainfall reaching three hundredths of an inch. The thermometer has averaged 80, the highest being 9 2 and the lowest 68. Memphis, Tennessee. With favorable weather for cultivahave tion, the condition of cotton is much improved. had heavy local rain on one day during tbe week, to the extent of one inch and ninety- four hundredths. The thermometer has averaged 78, ranging from 63 8 to 89 '8. Nashville, Tennessee.— Crop is making good progress. There has been rain during the week, the rainfall reaching thirtynine hundredths of an Inch. The thermometer has ranged from 62 to 92, averaging 77. Mobile, Alabama.— Fine weather has prevailed in the in- — We frmn— Great Britain. 14,000 19,000 22,000 19,000 91,000 73,000 308,000 836,000 759,000 327,000 927.000 832,000 4,000 3,000 2,000 4,000 3,000 2,000 2,000 3,000 4,000 28.000 36.000 33,000 30,000 39,000 37,000 1,000 1,000 1,000 1,000 3,000 9,000 6,000 13,000 29,000 12,000 16,000 38,000 18,000 1.000 2,000 1,000 15,000 20,000 9,000 16,000 22,000 10,000 8,000 9,000 17,000 164,000 211,000 124,000 172,000 220,000 141,000 3,000 2.000 2,000 31.000 43,000 33,000 34,000 45.000 35,000 1904-05., 1903-04.. 1902-03.. 2,000 i',606 Oaloatta— 1904-05.. 1903-04.. 1902-03.. Madras— 1904-05., 1903-04.. 1902-03.. til Alabama,— Fielda Total. others- 1904-05.. 1903-04.. 1902-03.. Total all1904-05. 1903-04. 1902-03. 32,000 518,000 545,000 112.000 1.112.000 1,224,000 100.000 928,000 1,028,000 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 receipts and shipments for the past week and for the corresponding week of the previous two years. Alexandria, Sgypt, June 7. exports (bales)— Selma, 1, 12,000 19,000 21,000 Continent. Bombay— ter 80, highest 95, lowest 66. This week. Since Sept. 1 To Liverpool To Manonester To Continent To America...... .... are fast being cleared of grass and farmers are more cheerful. There has been no rain the past week. Thermometer has averaged 87, ranging from Great Britain. Total. Receipts (oantars*)- Montgomery, Alabama.— Present continued dry weather helps cultivation remarkably. Prospects g<:iod. We have had no rain during the week. The thermometer has averaged 79, the highest being 93 and the lowest 61. Since September Continent. and cultivation and growth have made good progress. Cotton fields are being rapidly cleared of grass. There has been no rain here during the week. Average thermometerior the Week. Mxports We We [Vol. lxxx. Total exports * 1904-05. 1903-04. 1902-03. 24.000 6,166,171 3,500 6,452,466 5,736,908 ThU Since week. Sept. 1. 100 This Since week. Sept. 1. This Since week. Sept. 1. 1,750 203,187 2.500 220,512 4,500 143,402 2,750 131,863 6,500 286,740 11,000 323,960 750 67,147 750 48,923 614 195.200 142,974 6'892 301.806 634 78,540 13,500 700.476 17,000 725,268 8.140 718.520 A oantar is 98 lbs. This statement shows that the receipts for the week ending Madison, Florida. With improved weather conditions June 7 were 24,000 cantars and the foreign shipments fields are being cleared of grass. There has been no rain dur- 13,500 bales. ing the week, The thermometer has ranged from 60 to 94, Manchester Market. Our report received by cable averaging 77. to-night from Manchester states that the market is quiet for Augvksta, Georgiia.— Crops are Improving. There has been yarns and firm for shirtings. Merchants are not willing to rain on two days during the week, to the extent of two hunpiy present prices. We give the prices for to-day below and dredths of an Inch. Average thermometer 80, highest 96, leave those for previous weeks of this and last year for lowest 65, Savannah, Ceorgfta.— Dry all the week. The thermometer comparison. has averaged 78, the highest being 95 and the lowest 67. 1905. 1904. Charleston, South Carolina. —It has been dry all the week. 8I4 lbs. Shirt- Cott'n SHlbs. Shirt- Cott'n The thermometer has ranged from 69 to 91, averaging 77. 32« Cop. ings, common Mid. 32« Cop. ings, common Mid. Oreenwood, South Carolina.— It has rained on two days of Tunst. Twist. to finest. Uplds to finest. Uplds the week, the precipitation being sixty hundredths of an 8. d. d. s. d. a. d. d. d. d. d. d. B, d. inch. Average thermometer 76, highest 87, lowest 66. 5 7I4 ©838 4 lifl»6 11ifl 4-24 1038® lli« 6 6 ®9 71s 7-76 Stateburg, South Carolina.— No rain this week. Moisture May " 12 79i6 ®838 4 2i4©6 llifl 4-36 lOH® 11 7i« 7-38 6 5 ®9 is generally needed for cotton, which is beginning to suffer. " 19 788 ®838 4 2ifl^6 im 4-39 10 «>10% 6 4 ®9 6 7-36 " 7U,g©81« 4-61 '9 4 3 07 1 26 7-12 and 10 The thermometer baa averaged 79, the highest being 96 \0h 6 4 «9 6 9»«»10i4 6 lia09 2 4-70 6-72 J'ne2 7'8 ®8iiie 4 31a »7 2 the lowest 61. " 9 7% »89ie 4 3ifl97 2 4-73 gifl9l0l4 6 II209 3 6-68 Charlotte, North Carolina. Conditions have been ideal the past week and farmers are rapidly getting rid of grass. Government Weekly Cotton Report.— Mr. James Berry, There has been rain on one day of the week, the precipitation Chief of the Climate and Crop Division of the United States being seven hundredths ot an Inch. Thermometer has averWeather Bureau, made public on Tuesday the following aged 74, ranging from 55 to 92. telegraphic reports on the crops in the Southern States for the The following statement we have also received by telegraph, week ending June 5: showing the height of the rivers at the points named, at North Cakolin A. —Excellent progress m»de in cultivating crops, 8;a. m. June 9. 1905, and June 1904. 75 to 95. — — — 10, .Tune 9, '05. . Feet. Feet. New Orleans Nashville Shreveport Viokaburg 105 15-3 17-7 8-5 33-6 Above zero of gauge. Above zero of gaage. Above zero of gaage. Above zero of gaage. Above zero of gaage. Memphis New York Juni 10, '04 24-6 140 137 302 400 Cotton ExcHANaE—Annual Election.— The annual election of officers and managers of the New York Cotton Exchange was held on Monday June 5. The regular ticket was elected with very little opposition as follows: President, Walter C. Hubbard; Vice President, Henry H Wheeler; Treasurer, Albert L. Rountree; Board of Managers—James F. Maury, Hermann Hagedorn, Richard A. Springs, Elward M. Weld, John E. G. Higgins, Lamar L, Fleming, Charles W. Lee. John Grierson, William P. Jenks, James Riordan, Charles A. Shearson, John Tannor, Frank H. Wiggln, James W. Wenman, William Witherspoon. Trustee ot the Gratuity Fund to serve three years, Otco Arena. India Cotton Movement from all Ports.- The receipts of cotton at Bombay for the week ending to June 8 for and the shipments from all India ports June 8 and for the season from Sept. 1 three years have been as follows. 1904-05. Beeeipts at— Week. Bombay Binet Sept. 1. 62,000 2,894,000 1908-04. Week. Since Sept. 1. 42,000 1,990,000 1902-03. Week. Since Sept. 1. 44,000 3,283,000 which are slowly Improving; cotton, where oaltlvaced, has attained good stands and is regular, but many fields are erassy and poor. South Jarolina. -Cotton Improved somewhat and is flue in p laoes, though generally poor, lice prevalent, chopping unfinished, much cleaned, but ooDslderable remains foal and some will be abandoned owing to rhe scarcity of labor, squares forming Gkobgia.— Cotton being cultivated rapidly, growing nicely; blooming In a few localities in south, chopping nearlng completion in north, many fields still grassy, some complaint of lice, labor scarce. Florida —Too much rain over part of cotton coaatles and some cotton still grassy, but bulk of crop worked and pat in better condition, plants growing nicely and taking on fruit, early plaatlng shows bloom. Alabama,— Cotton grassy, but improving, cleaning active, though labor scarce, few more fields abandoned, some fields lousy, squares becoming general, come blossom?. Mississippi —General improvement noted In cotton that has been worked.bat many fields still grassy and plants small, cool nights retarded growth, many complaints of lice, chopping not finished, labor scarce. Louisiana.— Cotton,! where cleaned, is improved, cultivation pnsbed bnt much of crop still in grass and some bottom land under water, Uco damaging plant Insome localities, squares forming on early cotton, planting continues In some sections. Texas. - Farm work pushed and much needel cultivation acoom- crop prospects generally Improved; lavorable weather improved cotton In central and noithera counties, caltlvatlou and chopping progresHlng, but much cotton still foal and som-t to be planted, some fields will be abandoned, worms oaaulng some damtige, showers delayed work locally In south, but crop generally 1q promising condition, raoslly chopped and aqaares forming quite generally; boll-weevil and other pests canslng some damage. Arkansas.— Cotton not all planted, stand fair, plant small and dying lu Botn*) sections, needs cultivation, chopping general. Tbnnkssee — Work progresHed rapidly, cool nights Injurious to cotton; cotton In western oountles suffering from elTeor, of wet, cool weather and lack of cultivation, and looks nohealthy, elsewhere fairly pUfihed; good. Oklahoma and Indian Tebritories.- Ootton being cultivated and obopoed, but very weeay, with poor to fair stand, much damaged by overflow, some dying. Missouri.— Cotton healthy, good stand. .. June THE CHRONICLE. 10, 1905.] These reports are summarized by the Crop Division as follows: A general Improvement In the condition of cotton is indicated. With the exception of Southern Texas and portions of the East Gult and Bonth Atlantic States, where heavy rains have fallen, the weather ha* afforded opportanlty for much needed oaltlvation, which has been actively carried on, although a large part of the crop is still in grass, with tnsDffloient l»bor. Cool Bljuhts over the northern portion of the central districts have checked the advance of cotton, bnt as a whole, growth has been satisfactory, especially in the eastern districts Some planting remains unfinished in portions of Arkansas, Loaleiana and Texas. New York Cotton ExcHANaE -Thirty-sixth Annual Meeting —The thirty-sixth annual meeting of the New York Cjtton Exchange was held on Wednesday, May 31. The annual report submitted by Mr. Henry H. Schaefer, tha President, was in part as follows : The year under review, although witnessing a sharp decline in the price of 03tton. has not prodaoad the violent flaotaatlon^ of the preOBdinsryear. * * * The demaad for memberships ia the Esoban^e, in Bplte of the somewhat reduced volume of transactions, hai kept pace with the supply, and almost throughout the year memberahlps have been selling at about $ 0,000. " * * The contracts with the telegraph companies were improved upon further by obtaining incre&sea compensation to the Exchange for the privilege of controlling its so-called incoming information. * * * The very industrious work of the preceding Board of Managers with regard to the compilation and amendment of the by-laws and rules has necessitated bat very few changes. The Exchange has given its approval to a plan contemplating the immediate erection of an addition to the Exchange building, in place of the ariiolning old building located at No. 61 Beaver Street. * * * The Executive Committee estimates that for the coming year the building win show a lose of »2,650 and the Exchange a profit of $13,555. the latter based on annual dues of $75. The trustees of the gratuity fund report assets of $32,325 88-liablllties of $14,095 -leaving a balance to the credit to the fund of $68,230 88. This shows an increase over last year of $8,565 52. * * Two special committees have been at work perfecting the details for an amendment to the bylaws allowing deliverv of cotton on contract here from licensed Southern warehouses. Your board, having considered the reports of these special committees, has instructed the Committee on By laws and Rales to draft the necessary amendments. When this Is done the subject will receive the furthey earnest oonslderatlon of the board preparatory to submission to the members. A method of clearing contracts has also been under constant investlgatlon by a special committee. Its labors have thus far been an prodaotlve of final results, owing principally to legal impediments to a proposed plan. It is belloved that with the help of counsel to the Exchange a satisfactory solution will soon be reached by the committee. The Treasurer's report shows a balance on hand of $33,407 »8 compared with $-*,0l4 99 last year. During the past year 43 31, memberships have been transferred and 46 new members have been admitted. The total number of memberships outstanding is 450 The board recommends that the annual dues be again placed at $75 for the coming year, as the Exchange should always have a fair cash surplus on hand, eapeciatly with the new building about to be erected and the various Improvements contemplated In our present building. 2411 Total bulet SAVANKAH— To Havro- June 3—Steamer Burgemeesters Jacob, 2,349 2 _ To Bremen- Junes Steamer Crown of Castile, 7,798*.'.V. C849 ' Junes— Steamer Richmond Castle, 7,482 15,280 To Hamburg— June 3 -Steamer Burgemeesters Jacob, 668 June 5 Steamer Londesbrough, 1,282 1,950 To St. Petersburg, etc. - June 3 Steamer Burgemeesters Jacob. 300 June 5 Steamer Londesbrough, 805 June 8 -Steamer Richmond Castle, 450.. 255 3BDN8WI0K—To Liverpool— June 6-8teamer Ansel'ma'de Lar- l — — ' rlnaga, 10,103 WILMINGTON— To Liverpool—J uuo 8— Steamer" Cayo MaiiVanlllo, 11,381...,. NEWPORT News— To Liverpool-June l-Steamer'Rappahan*^*^ jq 103 ' 11 381 ' nock, 900 808TON-T0 Liverpool 900 June 3 Steamer* Mrchi'gan,"262'"! June 5— Steamer Ivernia, 656.... June 6 -Steamer Oestrlan, 519 Jane 7—Steamer Cymric, 50 1487 . To Halifax—Jane 1— Steamer Halifax, ». i To Yarmouth June 6— Steamer Prince George",' ioo. 100 BALTiMOEB—To Liverpool- June 2-Str. Rowanmore, 8,668... 8,668 To Bremen— June 6 Steamer Brandenburg. 125 125 PHn-ADBLPHiA -To Liverpool— J unc 1- Steamer Merlon,' 2'l00 3.100 To Antwerp— June l-Steamer Oxonian, 50 60 dAH Franoisoo- To Japan— June 2 Steamer Algoa, 11.3"37"*' June 8 -Steamer Mongolia. 1,715 . ...'.' 13 052 PORTLAND. Ore.— To Japan— May 19-8tr. Nlcomedia, 150.... 150 BaiATTLB To Japan— June 3— Steamer Telemachas. 3,245 June 5- Steamer Knight Errant, 2.064 CAOOMA—To Japan— Jnne 3-8teamer Telemachas, 3,060 ... 6.309 June 5— Steamer Knight Errant, 1,870 4,870 — ".*.*.'.*.".' Total 190,964 The exports to Japan since Sept. 1, 1904, have been 279,902 bales from Pacific ports and 8,589 bales from New York. Cotton freights at New York the past week have been is follows. •* EaYPTiAN Cotton Crop.— Through the courtesy of Mfssrs. ChoremJ, Benachl & Co. of Boston and Alexandria. Egypt, we have received a copy of the Alexandria General Produce Association report for April as follows: Sowing has taken place as usual during March and April. Although the generally cool temperature and rather frequent showers were not very propltions to the cultures, the young plants are sh jwlng a healthy appearance. Some backwardness, however, may be remarked. Resowing has been trifling in many localities, rather frequent in other quarters, bat always partial only. In the average it was not more important than other years, and materially less than last season. Th« acreage is considered to be almost the same as last season, showing only a slight Increase of newly cultivated lands. MUafl continues to occupy the largest proportion, whereas Abbaesl and Joannovloh have been slightly reduced this season. With the exception of some districts la the north of Behera and Qarbleh. the water has been snfflcient. With the amelioration and development of the irrigation system, hopes are entertained that It will remain sufflolent daring the summer months, although the level of the Nile is very low and application of the rotation system has already commenced. I a the Fayoum province ccitton appears to ocoapy the same area an last year. A further Increase is reported from Upper Earypt, especially in the BenlSouet and Mmleh provinces. Hitherto Upper Egypt has been eowinr exclusively Ashmourny cotton, bat we are informed that larger trials of Abassi and some of Mltaflfl will be made this year. Cultures are in is sufflolent. good oondltion but rather backward. The water Shippinq News,— As shown on a previous page, the exports of cotton from the United States the past week have reached 190,964 bales. The shipments In detail, as made up from mall and telegraphic returns, are as follows: To Hull, pir steamer Martello. 329...jrr.'!ri."irj.'r 'l To Manchester, per steamer Terence, 2,539 upland and "so Sea Island. To Glasgow, per steamer Caledonia. 60 To Marseilles, per steamer Patrla, 240 ""." To Bremen, per steamer Barbarossa, 33 ."."..* To Hamburg, per steamer Armenia, 19 To Antwerp, per steamers British King, 45l....Zeel»nd, 63-* To Copenhagen, per steamer Kentucky, 2CI .... To Barcelona, per steamer Antonio Lopez, 700 Genoa, per To steamers Lombardla, 330 Nord America, 100 PrlEzdss Irene. 2,586 2 293 '829 2 589 60 240 33 19 1,090 20 700 t.ntirerp 3,998 106 - Danstan, 6,419 To Havre-June 8— Steamer Mineola, 11,433 To Bremen— June 6-8teamer Frankfurt, 9,233 , To Antwerp-May 31 -Steamer Penrith Castle. 580 June —Steamer Mineola, 180 To Rotterdam— May 3i-8teamer Penrith rastie. 459... Pembaoola— To Genoa- June 6-8teamer Sioanla, 1,210 49,178 11,433 9,233 . IS IS 17 20 25 12 18 28 33 13 13 ITV 20 85 12 e. }hent, v. Antw'p.e. Seval, indirect. .e. Seval, via Canal.e. Saroelon*, Jul7..e. ienoa,May-J'ne.e. 18 28 S2 V 22I3 Wtdnet. Thurs. 13 13 ITV 17i«* SO 25 12 18 28 S2 85 16 23 40 80 25 13 13 17 20 26 12 18 88 32 36 15 83 40 12 18 88 32 25 16 83 Fri. 13 13 18 V 30 85 13 18 28 32 86 15 33 40 16 16 23 33 lapaa (via Bnez).e. 40 40 40 ^notations are oenta per 100 lbs. * And 5 per cent. LrvEEPOOL.— By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port. Crieste e. Mav 19. itklM of the week ...bales. Of which exporters took. .. Of wUoh speculators took. iales American..... Actual export .. ... rorwarded rotal stock— Estimated Of which American—Est'd. cotal import of the week..... Of which American.... imount afloat Of which American 56,000 2,000 4,000 52.000 8,000 95,000 816,000 784,000 94,000 79,000 232.000 209.000 May 26. 59,000 1,000 2,000 53,000 9,000 61,000 821,000 743,000 76,000 66,000 205,000 188.000 June June 2. 46,000 1,000 8,000 40,000 4,000 80,000 831,000 755,000 95,000 90,000 205,000 187,000 9. 41,000 1,000 2,000 87,000 7,000 71,000 832,000 757,000 79,000 69,000 231.000 213 000 The tone of the Liverpool market for spots and futures jach day of the week ending June 9 and the dally closing prices of spot cotton, have been as follows. Monday, Tuetday. Wed'day Thurtd'y Friday. Sat'day. <8||N>(. Market, I Fair More Moderate demand, demand. baalnesi doing. Quiet. Qnlet. Quiet. Mid. Upl'ds. 4 60 4-66 461 459 459 4-73 dales........ 6,000 7,000 7.000 8,000 600 8,000 300 600 8.000 600 600 500 18:80 P. M. 'fpeo. ^ & exp, Market } opened, j 700 469 1,210 Steady at Steady at Qnlet at Vervqalet Steady at Firm at 10® 11 pts. 1®2 pts. 6(^6 pti. 2 pis. 33)4 pti. 10211 pti. decline. kdranoe, decline. advance advanoo. advance. I Qnlet at Market, 4 p. M, 8®10 Irreg. at les ptR. aeoltne ptg. advance. Qnlet at Br'lyst'dy Steidy at Steady at 7a8 pts. decline. 2 pts. dnollnp. ea7 pti. arlTftnon. ' IS pti. ftdvance. The prices Of futures at Liverpool for each day are given Prices are on the basis of Uplands, Good Ordinary olause, unless otherwise stated, oelow. ^*,«i^P'**''" '*'"' fl'*"*" **» A 4 4o-100a. Sat. June 3. pence and 100th. men. Tnes. Juue June 6. 6. TV^ed. June 7. Thui: 4 46 meant Thnrs, June 8. PpI. June 9. 12i« 1 12>« 4 \2H 4 12i« 4 12i« 4 12)« 4 P.M. P.M.Ip. M, P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. — ; IS 18 aamburg, a8ked.e. '.'.'. To Copachagen- June 3— Steamer Oalrndon, 105 eALVESTOK- To Liverpool Jane 4 Steamer Irada, 19,837 ... June 3- Steamer Wajfarer, 22,922 June 6— Steamer 7k<«. ulverpool , askde. c. tfuichester «. ilavre e. Bremen, asked. .e. 3,036 .'."'.'. To Napes, per steamer Prinzess Irene, 475 475 To Venice, per steamer Lucia, 800 '"" 800 To Trieste, per steamer Lucia, 200 200 New OrleaN8-To Llverp lol June 3-8teamer Belgian, 6,073 June 8— Steamer Florldlan. l,60o .7,673 To Belfast—June 5 Steamer Bray Head, 3,911 3,'9il ToHatre June ^-Steamer Alexandrian, 12,000 12,000 To Hamburg— June 5 Steameis Albu»ra, 139; Dortmuad. 3.869 MOH, Futures. New Yomc—To Liverpool, per steamers Celtic, 368....Georgic, 1,925........... ...... ........... ... aatur. d. \ d. \ d. d. d. d d. d. d. d. June.. ...... 4 48446451 4 514 4'; 4 44 4 45 4 42 4 45 4 48 June- July., 146'4 46 4 51 4 51 447 4 44 4 45 4 42 4 45 4 46 July-Aug. 4 4714 474 52 4 51 4 47 4 44 145 4 42 4 45 4& Ang.-Sept t 45 4 464 51 |4 50 4 46 4 4S 4 44 4 41 4 45 48 Sept. -Oct.. 145!4 464 52 4 50 4 46 4 43 4 44 4 41 4 46 48 Got. -Nov... 145 4 464 53 4 50 4 46 4 43 4 44 4 4l[4 46 48 Nov. -Deo. 4 45 4 464 53 4 51 4 46, 4 46 4 44 4 41I4 46 48 4 Dec. -Jan i 45 4 47 4 53 4 51 4 47 4 44 4 45 4 42 4 47, 49 4 Jan.-Feb 1 46 4 48 4 54 4 62 4 48' 4 4." 4 46 4 43 4 48|4 50 4 Feb.-Mch. 4 46 4 494 65 4 53 4 49 4 46 447 4 44 4 49,4 61 4 Mch. April.. 148 4 504 56 4 54 4 50 4 47 4 48 4 45 4 50 4 52 4 April-May. 1494 614 67 4 65 4 511 4 48 4 49| 4 46 4&ll4 63 4 . . d. d. 59 4 60 59 4 60 59 4 60 58 4 60 59 4. 60 59 4 60 59 4 60 60 4 61 6l|4 62 62,4 63 63 4 64 64J4 65 7 . THE CHRONICLE. 2412 Jute Butts, BAoaiNG, &c.—There has been nothing doing in jate bagging during the week under review, and prices are unchanged atC^^c. for 1% lbs. and 6%c. for 2 lbs., standard era'les, Jute butts dull at 13^@l%c. for paper quality and 2@2i^c. for bagging quality. BREADSTUFFS. Friday, June [Vol. lxxx. GRAIN. Wbeat, per buau— e. N.DuL.No.l Oom, per bush— 0. 0. Western mixed.. f.0.b.ll4l8 f.o.b.l09i« f.o.b.l05i« N. Dul., No. 2 Bed winter. No. 2. 55 No. 2 mixed No. 2 yellow No. 2 white Rye, per bush- Hard winter, No. 2. f.o.b.Nom. Oate— Mixed, p. bush. 35 »35»s White 35ifl®40 Western No. 2 mixed No, 2 white.... Nominal. Nominal. State and Jersey. . .. 0. f>59ifl f. o. b.59ii t. o. f. o. b.eo b.eo 77 «84 Nominal 46 ®55 Barley— West Feeding 41 4>45 9, 1905. Exports of Grain and Flonr from Paclfflc Ports.—The During the first half of the week business in the market exports of grain and flour from Pacific ports for the week for wheat flour was dull, buyers generally being reported in- ending June 8, as roceived by telegraph, have been as follows: From San Francisco to various South Pacific ports, 4,476 different; but sellers held steady, inflaenced by the firmness bbls. flonr, 700 bushels wheat, 6,000 bushels corn and 85 of the wheat market. Subsequently, however, when values bushels oats. for the grain declined, there was an easier turn to prices for Combining these figures with those for previous weeks, we wheat flour, particularly for winter- wheat flours, aad a nave the following, which covers the exports to foreign moderate amount of business was transacted at the decline. oonntries for the period since July 1, 1904, comparison being made with the corresponding period of 1903-04, City mills have been quiet. The demand for rye flour has Axportt Flour, Wheat, Oatt, Corn, Barley, Bye, from— bbl*. bush: huiih. bush. buth. been light, but prioes have held steady. Corn meal has been bUMh. San Fran. 655.797 1.624,641 190.723 178,546 8,312, 65 854 firmer with the grain. PugetB'd. 1,201,060 1,388,165 29,422 533,784 1,163,685 412 Portland.. 684,947 1,483,760 310,001 863,874 ~ Speculation in wheat for future delivery has been moderately active. Early in the week prices declined. The weekly Total.... 2.521,804 4.496.766 220.145 1,022,333 5,339,724 1.268 rot. '08-4. 3.199.660 6,515,612 44.365 556.395 10.259.797 1.422 statistical developments reported from Europe had a bearish Government Weekly Grain Report— Mr James Berry, influence, the world's exports to European importing ports Chief of thrt Climate and Crop Divisloa of the United States being unusually heavy and in excess of expectations. Weatder Weather Bureau, made public on Tuesday the telegraphic conditions in both the winter and spring- wheat belts were reports on the grain crops in the various States for the week reported favorable, and this operated against values. Oa ending June 5, as follows: Corn.- In the States of the Mtssoarl and Central Mississippi valleys Tuesday the market turned, recovering most of the decline. corn Is much Improved and good progress with cultivation has been Buying for European account, stimulated by unfavorable crop made. la the Upper Ohio Valley much piantlnsr remains to be done, In the Middle Atlantic States considerable replanting will be prospects on the Continent, was reported, and this started and neoeesary on aooount or cutworms. In the Southern States early corn buying for the account of local shorts to cover their sales. Is being laid by In good condition. Winter Wheat —Winter wheat has advanced favorably, fewer reSubsequently-, however, the market again turned weaker. ports of Injury from rust being received from the greater part of the > from the interior contiaued generally area previously I'fifeoted. In Ohio and Nebraska, however, although in promising coiidltloti. damage from rust and insects has Increased favorable, and there was a growing belief that the report of somewhat. Winter wheat harvest is in progress in the Southern the Government's Agricultural Bureau, to ba issued on Sat- States, and is beginning in Oklahoma and exrrAme Southern Kansas, and wheat is rlpentnt; in the Lower Otilo and Central Mississippi valurday, June 10, will show a high average condition of the leys. Harvest has also begun la California, where wheat is maturing spring- wh^at crop and a favorable condition of the winter- rapidly. On che North PaolHo Coast winter wheat is ia promising conwheat crop. The spot market has been firm but quiet. To- dition, having experienced decided improvement In Washington. Sprino Wheat.— Under deoidedly better temperature conditions in day there was a quiet and unsettled market, closing slightly the spring-Wheat region, spring wheat has made good progress and is higher. The spot market was easier. Btooling well. In portions of the Datotas, however, the crop is thin and weedy In localities. In Washington spring wh^at is in splendid DAILY 0L08IH0 PRIOBBOF WHBAT FDTDKB8 IN NIBW^ YORK. condition and has made rapid growth; and while the outlook in Oregon Thurg. Thurt. Hon. Mon. Sot. Tuei. Wed. Tuet. Fri. IO6I3 107ia 105H is favorable, low temperatures have been detrimental. lOSJfl 104 So.2 red winter, f.o. b... 104 J* lOSifl 1071a Oats.— The general condition of the oats crop is very promising, an 90''8 9116 9!is 9214 July delivery In elev 93 92% 86I4 85B8 8538 8638 Improvement being reportedffrom the Middle Atlantic States and Mis8«?9 .... 85% Sept. dellv. In elev 85i« 86I4 souri Valley, Oats are beading as far north as Kansas. Missouri, and 86ie 8514 85 % 85% Deo. dellT. In eleo Central Illinois, and harvesting is in progress In tbe South Atlantic DAILT 0LO8IMO PBIOBS OF WHEAT FUTUBBS IN C11IOA60. and East Gulf States. Weather reports 8at. July deiJv. )n el«v Sept. delivery In elev.... 88H Mon. Tues. Wed. STH 88i« 8214 86i6 Thuri. 86I4 hri 8638 Theiaovemantof breadstuffs to market as indicated in the 81% statements below is prepared by us from figures collected Deo. deUvery In elev 81% by the New York Produce Exchange. The receipts at 8m 82 Indian corn futures have been moderately active and Western lake and river ports for the week ending Jane 8 and since Aug. 1, tor each of the last three years have been: prices have advanced. The receipts of old-crop corn at primary markets have been reported as comparatively light. Flour. Wheat. Rye. Oom. Oats. Barley. Tcere has been a good trade demand and stocks are being Receipt* at— rapidly depleted, which has had a bullish effect upon Bbls.l96lbs Bush.ao m Bush.B6 lbs BiMh.33 lbs Bush.i8lbsBu.6aibs. values. Wt^ather conditions during the week have been re- Caloago 110.176 147.000 249 530 14.000 1.451,150 3,3i9,297i 87.325 66,000 20,000 198.9)0 110 200 18.050, ported more favorable for the growing crop, but owing to Mllwankee 82i« 81Hb Sl^s 8m 81?8 81 81 .. the recent adverse climatic conditions crop prospects at present are not considered promising, One authority, in reviewing tbe developments for the week, states that there has been some betterment In the corn crop but that conditions are irregular, they being no better than, and possibly not fully equal to, the average. The spot market has been firmer but quiet. To-day the market was quiet but steady. DAILT OLO8IMO PBIOE8 OF MO. 2 HIXBD COKN IN YORK.. Wed. Thurt. Fn. 8at. Mon. Tua. f8i4 Oaehcoml. 0. b 59>4 58'* 88 59 57% 65i« 66I4 July deUv. in elev 55ifl 6tt 57 t>7^ DAILT OLO8IMO PHIOBB OF NO. 2 MIXBD OOHN IN €EIIOAeO. NEW 8at. Mon Tuei. July delivery In elev 80 fil^fl 8ept. delivery In elev.... Deo. deuvery In elev 49^4 46ie 50is 4938 4638 Odts 60H 46'8 Wed. 8li« 4978 4608 Thura. 52i« COOa 47^ Fri. 52i« SOOs 47»4 future delivery at the Western markets have received only a limited amount of speculative attention, but the tone has held steady, and for the week prices show a fractional advance. Receipts have heen moderately full and crop prospects have been favorable, but influenced by the strength of the corn market values have shown a tendency to harden. The spot market has been moderately active and steady. To day the market was quiet. DAILT 0LO8IMO PRIOBS OF OAT8 IN YORK. Sal. Mon Tuea. Fri Wed. TKum. _ WO. 2 mixed in elev Nom. Nom. Nom. Norn. Nom. 35 HO. 2 white, clipped, f.o.b. 38>« 38 3S 88 38 88 DAILT 0IX>HINO PRI0B8 OF NO 2 HIXBD OATB IN CHICAGO. Bat. Mon. Tuet. Wed. Thurt. Fri. , . f jr NEW , July delivery In elev Hept. delivery In elev May delivery In elev ZO^ 3II4 3188 31 2808 SO'e 28% 28''e 28% 31>i Sisj 3m 2478 31>4 Slie 3II4 29 Following are the closing quotations: Snperflne Extra, No. 2 Extra, No. 1 yi«»r« 8tr»l«htB Patent, Bprlng f275 WSIS ®3 60 8 58 «3 75 370 •3 90 8 98 •aiZ^ 476 041*0 8 60 •6 76 3 25 Oom meal— Brandywlne Cleveland St. LonU ... .... Peoria 02 85 85 92 90 2 80 2 63.600 7,C5l . 1,680.940 57.200 409,880 177,030 242,800 8,400 24,0U0 12,978 48,082^ 1,058 37,215 1.941 17:4.589 10,806 533.340 54,699 174,R89 Tot.wk. 190B !i!5l,e72 3.265,297 Same wk. -04. Same wk. "08. 266,889 1.889.580 384 ,777 1.961,901 13,404 1 8,800 2S6.oao 8,600 Kan»aB City. 7,380 60,900 260,4' >0 300 i 1,926 349,540 255.000J 0,630 1 .... 8.1C0 800.0W| 103,800 4.783,575 5 274.454* 4 937.866 3259,100 437.f86 2 520,H2» 8 267,335 624,404 418 510 ... /». 2,000 3.200 1 .. 49,080 69.499 50.822 'iinee .dug. 1 14,609.199 189,753.034 160,727.270 141,788.319 61.691,053 6,349,856 16,973,389 20! 551,016 147,131.353141433,969 62.498 09J 7,880,«78 17.7114M1 228.431.843 140,070 321 l«4,4H,81i 62.281,372 9.577.110 1004-5 1903-4 1902-3 Total receipts of flour and grain at the seaboard ports for the week ended June 3, 1905, follow: Flour, at— Reeeipts New York. bbls. 7H.387 18,784 . Boston Portland, Me Phlladelpbta. Baltimore . . Richmond Newport Newi, 214 2'<,401 24,2tl6 Orleans*.. 1,875 1.7-6 11.869 Galveston Norfolk Montreal ...... Mobile 1.071 22.713 1,318 New . . Total week.. Wheat, bush. 158.100 56,05<> «6,O0O 2U,140 53.'^1H 46.790 69.8H0 Corn, bush. ll.S,H50 0at«, hush, l,i9tt,aoo 2.530 61,303 15,660 iO.iiO 17,704 iHO.aVs 6i,634 23,»8S 50.066 "es.ooo" 183.312 3,850 45'1,941 Barlty, bush. Rye bush. 2u,2j0 7.200 8.810 1,600 188 331 E22.323 1,018,804 2,O!i0,70T 413,628 78.511 6.000 391,011 2,310 12,777 740.833 2,482 51), 893 280,322 1,015,722 Week 1904.. Total receipts at ports from Jan. 1 to Jane 8 compare as follows for four years: 4,319,666 1904. 7,611,996 7.614,996 1903. 9.088.097 1908. 8.745.771 1H,42I,897 27,814,359 17,W09,a85 l.«0»,399 42,868.809 58.33 1.0 1 23,158,764 1,981,8^2 44,791,716 9.044.8H4 l',5 10,095 Itarley bush. 9 20n.689 bUHb. 65.579.713 bush. lH.H77,25l» bush. 3,507,098 Kye busl). lh7,70tJ 60:4,143 -.4.414,300 1,812,971 22 128,856,242 75,180,000 Receipts Flour... of- C'lra Patent, winter $5 00 o5 40 Olty mllle, patent. 6 00 me 40 Rye flour, wnperflue 4 25 94 90 Bnoiiwlieat flour.. Nominal. Weetern, eto Oetrolt Wheat Fiona. Iflne Daluth M<naeapolii Toledo OhIs Total itraln 1905. bbls. bush. 87.168,520 66,843.' 1.47ii.ttSl Tne exports from tbe several seaboard ports for the week ending Jane 8, 1905, are shown in the annexed statement: : : June New York Portland, 95,970 98.000 30,082 Me. Boston Philadelphia Baltimore Norfolk Oorn, bush. 177,ac8 Flour, bbU. 38,854 214 3.220 133.816 76,600 87,121 25,509 148,189 2,250 Oats, Bye, bush. 62,030 bush, Peas, bush. Barley, bush. 181,409 1,146 29.961 70,168 19.631 6.382 ].07l 1,786 3.731 15.162 1,316 Newp'rt NewB New Orleans.. a — THE CHRONICLE 10, 1905.1 Wheat, Exports from— bush. . . 400 1,029 308,777 e.coo 2413 particularly 4-yafd sheetings, have become so scarce that the position of buyers is serious, Qaotations are advancing, and there Is no possibility of securing certain lines for months to come. Lighter-weight sheetings are also higher. The export irquirles during the week have included 3 50 and 4-yard sheetings, but practically no business has been consummated. 30 Bleached goods have been bought with some freedom, and the firmness in gray eroods is causing medium and low counts to be firmly held. Wide sheetings have been advanced and 91..S87 368.939 882.347 Total week.. 468,380 651.693 1,176 69.016 Same time '04. 884,713 247.170 145.819 1.636 are In good demand. Oanaburgs have practically been corThe destination of these exports for the week and since nered and buyers are having diflSculty in securing enough of the fabric to fill their requirements. Ticks have been adJnly 1, 1904, is as below: vanced, and denims, plaids and other coarse, colored cotton flour. -Corn.Wheat. Week_ Since July Exports for Week Since July Week. Since July goods are firm and in good request. Cotton linings have June 3 week ana since June 3. 1. 1904. June 8 1, 1904. 1, 1904. been advanced but business is very quiet. The print situaJuly 1 to— bush. bbls. bush. bbls. bush. bush. Cnlted Kingdom. 41,883 8,845.118 294,680 11,241.201 339.9 <5 34,S08.4l8 tion is uncertain and very few purchases of either staple or 1,(J63.450 252,955 Continent 48.611,879 9,131 163,800 1,205,796 fancy goods have been recorded. Ginghams are in moderate 649,81'j 47.855 S. & C. America.. 18,838 711,290 3,360 West Indies l.lSf.lSl 17.882 9»0,347 10,566 demand. Print cloths are tending upward, and, while the Br. N.Am, Colo '8 107,729 164,955 8.860 ""403 Other countries. 1,4C3 90.780 volume of business has not been very large, yet it is difficult 300.536 53,414 to obtain goods at recent quotations. Narrow goods, which Total 651,693 79,308.995 01.887 6,0SS.470 458.380 12,565.770 have not been so firm as wide goods, are now hardening. 247.170 54 St>9,48l Total 1903-04..... 145,819 lS.978,22;i 884,713 58,474,871 The visible supply of grain, comprising the stocks in Woolen Goods.— While there are still a number of orders granary at the principal points of aucamalation at lake and to be received for men's wear heavy-weight woolen and seaboard ports, June 8, 1905, was as follows worsted goods, yet the season Is distinctly drawing to a close Rys, Barley and preparations are being pushed forward for the opening Wheat, Com Oats, In store at— bush. bush. bush. bush. bush. of light-weight goods. Some complaints are heard of the New York 147,000 37,000 725,000 363,000 419,000 Do afloat heavy -weight season but on the whole mills have little to Montreal Mobile 236,328 < 193,000 9,000 112,000 Philadelphia Baltimore New , , Boston Orleans.... Galveston Montreal Toronto 800.938 ........ . 185,000 34,000 140,000 61,000 6,000 146,000 184,000 61,000 46,000 417,000 23,006 Buffalo 39,000 843,000 17,000 1,0»1,000 'ss.bdo 119,000 2,000 1,015,000 Toledo 101,000 153,000 188,000 3,000 163,000 8,000 2.000 8,000 1,147,000 8,150,000 1,214,000 92,000 1.000 326,000 1,000 88,000 2,000 130,000 3,304,000 1,OOm,000 1,713,000 "iVobo 1,497,000 iei'ooo i82,6b'6 7,206,000 1,785,000 1*,000 82,000 1,034,000 313,000 26,000 4,000 184,000 21,000 500,000 3,00o 65,000 89,000 18,000 101,000 61 ,000 809.000 26,000 7,000 '"ifiw 343,000 200,000 888,000 ae.ooo 477,000 354,000 9,00'd 216,000 7.744,000 9,152,000 6,003,000 4,212.000 2,483,000 92«,0iM) 1,227,000 1.129.000 1.714,000 674.000 402,000 Do afloat Do afloat Detroit Do afloat Chicago Do afloat Milwaukee ... Do afloat . . . . Fort William. Port Arthur Duluth Do se'a.'odo afloat Minneapolis St. Louis Do afloat Kansas City Peoria Indianapolis On Mississippi Biv. On Lakes On canal and river . TotalJune 9,1906 Total 61,000 May TotalJune Total June TotalJune 20,038.000 4,568,000 X7. 1905. -il, 126.000 4,23:<,000 4, lk'04 '<!0,e03,000 4,157,000 4,9S1,000 4,261.000 6, 1W)8, 82,711,000 7, 1902.'<!6,091,000 11,000 937,000 842,000 801.000 69y,000 — THE OR¥ GOOO^ rEAOSi. ' New York, Friday, P. M., June 9, 1905. The inherent strength of the cotton-goods market has again been demonstrated daring the week, and, In spite of the fact that the raw-material market has suffered a marked decline, prices of goods have in several icstanoes been advanced. Buyers have shovcn a greater willingness to purchase ahead, and have commenced actively to cover their fall requirements, although the bulk of the current business is still for immediate delivery. Those buyers who have personally visited the market are convinced of the change that has occnrred in the situation and realize the difBculty that is experienced Others who view in securing the goods tnat they require. the situation at a distance are not so satisfied that the position is as strong as sellers would have them believe, and it is on these that sellers are relying to sustain the situation after the others have purchased their necessary supplies. Tbey believe that when the present demand is satisfied those who are now holding off will be forced to come into the market and pay etill higher prices to secure their goods, as by that time the scarcity on numerous lines will be woree than it is Export business is still practically at a standstill, to-day. although thisdivielon of the market is particularly firm. The woolen-goods market continues very firm and the demand for all goods keeps up. DoMBSTio Cotton Goods.— The exports of cotton goods from this port for the week ending June 5 were 3,692 packages valued at |235,520, their destination being to the points specified in the tables below , 1805. 1904. 1 Kbw YORK TO June 5. Week. Since Jan. 1. 1 find fault with. A number of them are so well sold up that they are forced to work over time to fill their orders and there are only a few that are still open for new business. A number of lines of low-grade, light-weight goods have been opened during the week although it will be another month before the season is well under way. The buying up to date has been light and prices for the most part have been on the same basLines of serges are being shown at considis as last season. erably higher prices and it is believed that the demand for these during the season will be of very large proportions. The biggest demand will of course be for the ordinary blue, but it is expected that fancleg will also be popular. When the medium and higher grades of goods are opened it is practically certain that the whole level of prices will be much above that of last season and that the same policy will prevail of opening goods cheaply and advancing them from time to time as the demand develops. The dress goods market is in a healthy position and agents report a Sitiafactory business. Trade was somewhat unevenly distributed at first but has improved since and many lines are being withdrawn from the market. Duplicate orders are being received in fair volume, and while initial business was not heavy, the reorders that are being received will make the aggregate of more than ordinary proportions. Foreign Dry Goods, Imported woolen and worsted dress goods have fared well and Importers are satisfied. Silks are quieter and ribbons slow. Linens are firm but not in very large demand. Burlaps are firm and moderately active. Importations and fVaretaoa«« IQ'^tttadratva.lB of IJ»rT GooA« Week. Bince Jan. § to t B 811k.... 9 o> 0! n 0' 5 : Other EaroDean..... ........ Oblna 300 3.S92 143.938 700 ""63 Indies........ siezloo Central America............ Bonth America Other Oountrles. ............ Total 705 117 709 1,480 25.333 4,208 10,466 3,897 8,671 "ebo "" 6 188 91 147 417 277 6.266 24,246 7,228 1,744 91,881 998 1 The value of these New York exports since Jan. 1 has been 17,661 533 in 1905, against $5,119,508 In 1904. Heavy brown drills and sheetingp, which have been in good demanrt right along, continue very scarce, and sellers are con. sequently holding firmly for full prices. Light-weight goods B ^ ... • i a • (i ! ! . ! • • 2 • : i i i "O. <» p- T I fl 1 • kSO 100 .« M o M ts CO OD o M «* 1^ Vf iCMr-eoM — «>|>^C0 O OOiStOQOtO M 09 CO 00 1^ M^OO — -4 if>.coif^aco 9*- i^-QOOM — h-l-* «kCO ^Oi tOM «>O0 -M -CO*. CO to -* OitO (7> OIM 0.0 Bal ii» e»& Ootton Wool... tocoooto — — 0-J»3 M e 2. K ... <»••:: g §i gi ill S I 1 : I ::!::« •!::!? M ^-ao-oa OOMOO to — toocx CO — MOD CO |F>> ; ; 1 • • COCO co^ CO CM 00 a jt o o d CXM to 03 CO (0 -J to «^00 • ; ; : ; ; I I : • : 'tail Bill 1 § B • o T 'i B to 4 CO B P3 O 3) m 4 M a on viwaifcco ^- «Ce0 «• iF^ lO. M06CBM rl » 3<OW€6 to yi X -J <% — tool h-O CD>4 It^A MOO taw — MCOtOM —O —CO 00 uicototaO coi^o-j«* (y, n o m 00 CO CO 00 ^3^(0«3,(». l^CO J« OS — a w — CO— ^ o tn nn — CO to COM WD tOr..M — 00 CO 91 *« o. CO #k <5> ro nn CO o to Ql W Oi CO n CO — 00 M« too l^tO to w^wcoo lOMCOOO ro to *>'0 *a<i *<eco CO to coco — to 00 CO 69 Kk 1»J <lO><J>'3t^ tS<k oaaQo«^ ro- M o «;<co pw CTOO to -4 — l^«OIO>tO ^ONlOOOi^ *t R H r, o ~J CD -J< CO 00 OJ<l ^«4l(kMO ooo5>o-jce — — to CKCH co<k tOM o><i O-J CXM N] — o> -jo*.co co-jo<vio COt^CO'^O — *> p o — — toco — 7-M — ojViaco — toco coco CO ceo <l^ MOO CO I^H* CO-.] t^ c^ OOCOM-3 *.Q0 *cow M ko^c^ — C^ OjToeo'oo'ia OOO! 00 CO — Miocooa t^ o 00 to »J toco if^;;< MMCOeOM — 1^ — M.>J CO 00 CO toOlT^ — ODCO wtoeoow conoscoco >q-v)CD^ — M OMMtOM o>ar-oooi MCO — 03<^ — C0*J0D^ — 00 t« — — CTCOOD VnjtrooOi ItkKJCOOO W CO to M ^ M oso*..toa to -JS 00 ;^ CO CO *».05<3CJ<IO ^ > to *• oo^coaM CO — aoco CO CO ai en CO -4 to 1^ M o —^— oimaM t^t- MMMCOM 'mo 'is'co<lo<« to to CO to 00 CO o>;^co J>oj co*.coo«-J OSM H e« n » w to o >^ 4] 00 55 ^ M to O z 1^ H CO CO B CO M B M § iT< §1 a ?• O z «4-^;o^O 1 ^00 CD c; CO ooacoto «.«Al^O ^ ^ 3 0>t^tXiVH>- 1 t-t).^ ^^C009U< — •j»aeoo5 coifcoa— «B MvItOtO*. >l^toao — kocooi- -rl {^ K H K n M M CO O Ol « B B v<i^a>as — 5 e M "ik<icoco*. COOitaCOtO •• coe!«3-ao ^^ S m WW 09 z c e Ml^CO 'j V >4i(>a9^co — co-ci_tsaD«B as- s| CO OS' w 0dV:oV"in3 § OOCCkSCO — «J >-<:* OB M OJ^ i? — ce M to a« o#»coc^ — to mo: oo'io o> — OiOS- 00 CO to — too o VkftaVioos i^M COCO 1 3 «... (B » ^ M 0» o ^ -» E e 2 Wtoow to 0>»Ja;COcji 1 ^!? r* >* <0O«a^*' n MM M *>.-a «> MtO b: * 1 — «JCO M COtOMCOM 3 w oo'io Oioo>c;<«4 to«o aoco^-.)ca M »1^ OD — M M K CO OM occo MCOQOOCn at no n O MOO .MCOCXOO^ . . . . moo tocoooo A w ^ •»cotooo> o t^a IfkUi MCo-q>CD CO o ^ — « 00 ^ ^ h^9n Manolaot B." ts": M 01 it g5 SB* 5 Silk...., Flax Mlaoellan :!::!© 1. 322 456 7 14 627 305 62,271 8,510 11.077 4,369 12.762 1.197 8,020 26,326 8,689 ....................... India Arabia ^frloa WeBt 5 13 Mannfaot • 1^ (4rAat Britain................ et Wool Ootton ; . o\ S m § to Flax MlBoeUan ^ » — (0 CO 00 CO Oi an (-1 <7 1 2 e it ^t^ M ^ OD'-qbi^i'to toco ya^ie — — O"^ — <i — cecoto COOcOttO tCO ^(0 00 S" i% CO o *• 1 1 — —— : : THE CHRONICLE. 2414 Index. An index to all the news matter appearing in this Department for the period from Jan. 7, 1905, to April 15, 1905, Incluaive, was published in the Chronicle of April 23, 1905, pages 1500, 1501, 1502 and 1503. MUNICIPAL BOND SALES IN MAY. The number of separate bond month of May was exceptionally [Vol. lxxx. „ Amherstbarg, Ont,— Debenture Offering.— TropoBAls will be received until 8 p. m,, June 13, by J. H. O. Leggatt, Town Treasurer, for $12,000 5% consolidated debt debentures and |6,200 5% electric- rail Wtty-bonus debentures. Securities mature part yearly for twenty years. Arcadia, Fla.— Bond Offering.— Farther details are at hand relative to the offering on June 15 of the three issues of 5% gold bonds aggregating $30,000. Proposals for these securities will be received until 6 p. m, on that day by W. H. Simmons, Secretary of Board of Tiustees. Bonds were authorized at an election held April 6, when the vote was as follows: issues floated during the f 12,000 5* gold school-building bonds, vote 85 to 13. 13,000 (>% gold water- works bonds, voteSS to 11. 6,000 b% gold street- improvement bonds, vote 86 to 13. large. According to our Denomination, $1,000. D.ite, when issued. Interest annano less than 852 of such issues were placed. The ally at the offloe of City Treasurer. Maturity, 30 years, subamounts, however, were generally small, the aggregate being ject to call atter 20 years. Certified check for $500 required. Assessed valuation, $338 577. $16,831,283. In May 1904 the aggregate was over 55 millions, Bonded debt, this issue. Aadobon County, loYfa.—Bond Election.— An election will but this abnormal figure was due to the 37 -million- dollar sale be held June 13 to vote on the question of issuing $65,000 made by New York City. court-house bonds. Among the larger issues placed in May 1905 may be men. Atlantic City, N. J.— Bond Offering.— Pro^osala will be re- records, tioned $2,090,0C0 by Pittsburgh, Pa. (|630,000 at public offering and 11,870,000 to sinking fund); $1,500,000 bonds of Chicago South Park and $1,000,000 bonds of Hartford, Conn. The number of municipalities emitting bonds and the number of separate issues made during May 1905 were 242 and 352, respectively. This contrasts with 189 and 261 for April 1905 and with 227 and 860 for May 1904. For comparative purposes we add the following table showing the aggregates for May and the five months for a series of years Month of May. 1906 1904 1903 1902 1901 1900 1899 For the Five Mas. $94,483,2H7 113.413,246 6a,e4H,815 69.211.223 47.754,962 58,273.539 33,996,634 ....116 331,283 55.110,016 14.846,227 20.956,404 14,562,340 9.623,a64 7,897.648 .... .... .... .... .... .... 1898.... )897.... 1896 1895.... 1894.... 1883.... 1892.... Month of For the May. Five Mos. |34 378 622 56,b90.812 SO.884,666 41,0W4,172 50,067,615 30,774,180 86,844,291 $7,03t<,926 8,258,927 10,712,638 11,687,766 14,349,410 4,093,9«9 7.856.860 ceived until 12 M,, June 26, by A. M. Heston, City Comptroller, for the following bonds : coupon school bonds, dated July 1, yearly on July 1 Irom 1925 to 1980, inclusive. 190,000 i% KOld required. eO.COO i% gold coupon pacing bonds, dated June 1925. Certifled check for 11,200 required. 1, 19C5. Maturity, $15,000 Certifled check for 11,900 1905. Maturity, June 1, Interest on both issues will be payable semi-annually at the Hanover National Bank, New York City. The legality of these bonds has been approved by Dillon & Hubbard, New York City. They will be certified to as to gtnuineness by the United States Mortgage & Trust Co. New York City. For blank form of proposal apply to the City Comptroller. The official notice cf this bond offering will be found , among the advertisements elsewhere in this Department. Attleborongh, Mass.— Temporary Loan.— Loriog, Tolman & Tapper of Boston has secured a four months loan of $25,000 at 3 14^ discount. The following offers were received : crowded condition of our columns, we are obliged to omit this week the customary table showing the month's bond sales in detail. It will be given next week. Owing to the News Items. North Carolina.— Committee Solicits Deposits of Defaulted State Bonds. —The committee of North Carolina bondholders has issued a circular submitting a proposition for the settlement of the special-tax debt. The proposition is to accept new 2% bonds for the amount of the principal of the present debt, canceling the accrued interest, which amounts to twice the sum of the principal. The methods proposed for coercing the State into this arrangement are also set forth. Onethird of the securities, it is contended, could be transferred to the State of New York or to foreign governments and judgments obtained by those authorities in the Supreme Court of the United States. As North Carolina owns about $4,000,000 of unpledged railroad securities, such judgments would be readily collectible, it is urged, from this source, as well as from the special taxes provided to secure the bonds. After all this depletion of her resources the State would re main subject to two-thirds of this liability still unsatisfied, and which in time could be sold or disposed of to foreign governments. By the acceptance of the bondholders' proposition, the total of North Carolina's liability on the special tax bonds would be at once absolutely reduced to one-third of its present amount, being the sum of the principal alone. 1900. notice of this hand call will the advertisements elsewhere in this he found Goodwin, Boston Jackson & Curtis, Boston 3-16« 3-18% Jewelers' Nat. Bk., No. Attleb,. 9-iZ% Brown Bros. & Co., New among Department. Diseoimt. York. 3-24% . Parker A Co., Boston Boston Sate Dep. & Trust Co. .lose, . . 3'49X S-60* Aurora, 111.— ^ond ^'a^e.-On May 28 $72,000 i% refunding bonds were awarded to Howard, Simmons & Co., Aurora, Denomination, 1 1,000. Date, Aug. 1, 1905. Inat 103 375. Maturity, Aug. 1, 1935. terest, semi-annual. Averjvllle, III. Bonds Not Sola. We are advised that the 4J^« street-improvement bonds offered for sale on May 1 have not been placed. Denomination, $1,000, Date, July 1, Maturity, Jaly 1, 1925. 1905. Interest, semi-annual. Battle f reelt, Mich. Bond Offering.— Further details are at hand relative to the cffeiiag on Jane 12 of $15,000 sewer bonds. Proposals for these bonds will be received until 8:80 P. M. on that day by Thomas Thome, City Recorder, bids to be based on bonds bearing 3%, 3^^, i% or 5% interest. Denomination, $1,000. Date, March 1, 1906. Interest, annually at the National Bank of Battle Creek. Maturity, $5,000 on March 1 in each of the years 1919, 1920 and 1922. Bonded — debt, including this issue, $865,000. Bellevae, Pa —Bond Sale.— Oi May 26 the $80,000 i% improvement bonds described in V. 80, p. 1985, were awarded to N. W. Halsey & Co., New York City, at 103 '20. Bells (Tenn.) School District.—Bonds Voted.- Oa May 29 this district, by a vote of 46 to 19, authoiized the issuance of $5,000 school bonds. Benton Harbor, Mich. Bond 8ale.—An issue of $4,400 5i bonds has been awarded to the Benton Harbor State Bank at par and interest. Securities 1-5 year (serial) street-assessment May Interest, annual. 10, 1905. ilLas»,— Description of Bonds,— The $25,000 4:% Co. of sewer bands awarded on May 81 to Jose, Parker Boston (see V. 80, p. 2356) are in denominadon of $1,000, dated July 1, 1900. Interest, semi-annually in January and July. Maturity, $i,000 yearly on July 1 from 1918 to 1923, inclusive, and $1,000 July 1, 1924. Beverly, Indianapolis, InA.— Bond Call.— J. P. Dunn, City Comptroller, calls for payment July 1 at the office of Winelow, Lanier & Co., New York City, $45,000 funding bonds of Jan. 1, 1890, payable Jan. 1, 1910, but subject to call after official Bond* are dated Bond Calls and Redemptions. The IHscowni. Loring, Tolman St Tupper, Bost. 3-14i( & Biugtaam Canyon, Salt Lake Oountj, Utah.— -Bond Sale.— 2 an issue of $10,000 6| water bondj was awarded These to Geo. E, Chandler of Bingham Canyon at 100 '50. Oa May '3 bouds are subject to call after five years, to be i8.<iMed.— This city will for sewer pnrpcsas in the Foarth Ward. BiughHmton, N. Y.— Bonds Bond Proposals and Negotiations week have been issue $85,000 bonds thi» as follows Abbeville, Ala.— i^onds Voted.— By a vote of 109 for to none town on May 16 authorized the isauaace of $20,000 Wttter-works bonds. Ablemin, Wis.— Bonds Fo<ecf.—This village recently, by a vote of 76 to 12, authorized the Issuance of $1,800 bridge bonds. Alpha Independent School District No. Jackson Co., mnu.— Bond dale.— The following bids were 4, received June 1 for the 15,800 5« 10 2 J year (optional) school bonds deacrlbed In V. 80, p. 2282. Acciutd interest to be paid by the purCn&86r against, this • '''"'' *'VJ'^*''«?'^„n; Kane * 'o Minnoapoils -HXSflr, 00 •.I.sflo 00 U. M. Stoddard At.o..Mln'llg. 'S.HSS CO t Annual Interest. • Seml annual I state Bank. Alph a ... 8. A. Kean. Chloa CtiioaKO.. «»". vuiuo | Interest. +5,850 00 +5,80a 00 BoliTar, Hurdemun County, Tenu.—Bond offering.— Pro- posals will be received until 12 m,, June 15, by R. C. Wilkinson, Mayor, for $20,000 coupon electric-light and water- works bonds at not exceeding Qf, interest. Ddnomiuation to suit purchaser. Date, July 1, 1905. Interest semi-annually at place designated by purchaser. Maturity, Jaly 1, 1925, optional atter July 1, 1915. Bonded debt, excludiug this issue, Assessed valuation, $376,000; actual valuation (esti$10,000. mated). $500,000. Bolivar (N. Y.) School District. - Bonds Not Sold— Bond Offering.— Tne $25,000 3^4% 1-25 (serial) coupon schoolbuilding bonds offered on Jnn« 1 and described in V. 80, p. The Board o^ Education subsequently 1985, were not sold. Increased the rate of interest to ii and are agaiu requesting bids, which are to be opened on June 19. Boonevllle, SLo.— Bonds Voted.— This city recently voted to Issue $75,000 bonds for a muuiclpal water plant. — June — A THE CHRONICLE. 10, 190o.J 2415 SoalderCColo.) School District No. B.— Bond Sale.— On 80, p. 1986) are in denomination of $500, dated April 1, 1905. June 8 the |30,C0i) i% 5-15 year (optional) building bonds de Interest, semi-annual. Maturity, twenty years subject to scribed in V, 80, p. 2S56, were awarded to four local banks call after 10 years. for $29,5:00 and Interest. Cleveland (Ohio) School District.— Bfds—.4toard PostBreitnng Towuj^hip, Dickinson Co., Kieb.— Description poned.— Oa June 7 the following bids were received for the of Bonds.— The price paid by the Commercial Bank of Iron $300,000 4 per cent bonds described ia V. 80, p. 1986. Action Mountain for the $8,000 6% fire-department bonds recently on the bids was deferred until Monday June 12: awarded to that institution was $6,101. Denomination, Denlaon, Prior & Co., Cleve., Kountze Bros., New York.. .1301,335 00 Farson, Leach & Co Chi., Lamoreoht Bros.&Cc.Cleve 301,330 CO $750. Date, June 1, 1905. Interest, semi-annual. Maturand Seasongood & Mayer, W. J. nayes 4 Sons. Cleve.. 301,284 00 ity, one bond yearly, $301,fl00 00 Sec. Bk. & Tr. Co.. Toledo.. 301,«62 60 Cincinnati 301,425 Kleybolte& Co., Clncin .... 301.227 75 L. Fuller & Co., Cleve Bridgeport, Ohio.—^ond 0#erinfli.— Proposals will be re- F. B. H, Bolllns & Sons, Boat. 301,395 75 Dnion Sav. Bk. &Tr. Co..Cln, B01.2a2 00 ceived until 12 M July 3, by A. C. Branum, Village Clerk, Clinton County (P. 0. Frankfort), lad.— Bond Offering.— for |3,C0O b% water-main bends. Denomination. $500. Date, March 1, 1905. Irterest, semi-annual. Accrued interest to Proposals will be received until 2 p.m. June 15, by E. 0. Barbe paid by purchaser. Certified check for 5% of amount of get, County Auditor, for the following bonds bonds bid for, payable to the Treasurer of the village, re- H49 e% 2- year Orbesust Ditch No. 7922 bond, dated Jan. 4. 1905. , . ) . . . , : Bewser Ditch No. e421 bond, maturing June 2, 1906. Interest, semi-annual. Clio School District No. 9, Marlboro Co., S. C.—Bond O^erino.— Proposals will be received until 12 M , Jane 26, by H. C. Herring, Secretary, for $10,000 5^ 30 year echool bonds. Denomination, $1,000. Interest, annual. Certified check for $300 required. Total debt, this issue. 176 0% quired. Bacjrns, 0.— Bond fa?e.~ On June 5 the $13,000 5% Sandusky Avenue imorovement bonds described in V. 80, p. 1931, were awarded to Seasongood & Mayer, Cincinnati, at 105*595 and accrued Interest. Following are the bids Peasoneood & Mayer. Cinoln.$12,671 50 8. A. Kean, Oiloasro 113,800 OG W.J. Hayes & Sons, Clave... 12,667 0) Bucyrna City Banfe. Bucyrus. 12,576 00 Sec. Sav. 6k.&Tr.oo.,Toledo. 12,657 60 W. R. Todd& Co.,Clncin.... 12,5^5 00 12,610 00 Hayden, Miller & Co., Cleve. 12.616 76 P. 8. BriKSB<!fcCo.,0)noin. F. L. Puller & Co.. Cleveland. 12,600 00 Denlson, Prior & Co., Cleveland and Boston 12.613 20 New l8t Nat. Bfe., Columbus.. 18,462 00 : Hoehler&Cummlngs, Toledo 12,612 50 Caldwell County (P. 0. Lockhart), Texas,— Bonds Voted. On April 29, by a vote of 312 to 199, this county authorized the issuance of $15,000 5% 5-40-year (optional) road bonda. Date of sale not yet determined. B. Q-. Collier is Coanty Treasurer, — Cold Spring, Minn. Bond Election,— It election will be held In this place to vote Issuing $6,000 electric-plant bonds. is stated that an on the question of C— Bonds Cotton Grove Township, Davidson Coanty, N. Foted. —The issuance of $15,000 ioonds as a subscription to the capital stock of the Southbound Railway was voted at the election held May 9. Crestline (Ohio) School District.- Bond Election.— Caldwell (Idaho) Independent School District.— Bond special election, it Is stated, will be held June 13 to vote on Election, An election will be held in this district for the the question of Issuing $25,000 high-school- building bonds. Crjstal Falls (Mich.) School District.- Bonds Voted.— purpose of voting upon a proposition to Issue $8,0C0 bonds to The election May 1 resulted in favor of the proposition to build a school bouse in the First Ward. Caldwell (Ohio) School District.- Bored 8ale,— 0a Jane 5 issue $40,000 school building bonds. These securities have $14,000 5% school buildig bonds were awarded to Saasongood been placed in the hands of Fred H. Abbott, Attorney for the Board of Education, for disposal. & Mayer, Cincinnati, at 1C8 289. Custer County (P. 0. Miles City) Mont.— Bond Sale.—The Callaway, Neb.— Bond Election Proposed.— The calling of 10-20-year (optional) gold-coupon-refuuding bonds a special election to vote on the issuance of park bonds is $184,000 described In V. 80, p. 1253, were awarded on May 15 to the being cocsiderecJ. Bond Election.— It is stated that an State Land Commissioners at par. Cambridge, JNeb. Cygnet, Ohio.—Bonds Proposed.— The issuance of bonds election will soon be held to vote on the question of issuing for various improvements is being talked of in this town. water bonds. Dal! as Couiity, Tex.— Bonds Authorized.— It is stated in Campbell, Neb.— Bonds Fofed.- This village on May 16 local papers that the Coanty Commissioners have voted to voted to issue $7,000 water- works bonds. Cass Connty, Ind.— Bond Sale.— O a June 3 an issue of issue bonds to take up overdrafts in the various district road $9,800 Q% coupon gravel-road bonds was awarded to J. F. and bridge funds. Danforth, Fine Co., Minn.— Bond Sale.—Oa June 3 the Wild & Co. of Indianapolis at 105153. Denomination, $1,963. Interest, May 15 and Nov. 15 at office of County Treasurer. $2,CO0 4:i 5-14-year (serial) road and bridge bonds described Maturity, one bond yearly on Nov. 15 from 1907 to 1911, in- in V. 80, p. 1748, were awarded to the State of Minnesota at par. No other bids were received, clusive. Devine (Texas) Independent School District.— Bond Cave City (Ky.) School District.— Bonds Fofcd.-This disOffertng.—W. L. Dubose, Secretary Board of Education, will trict recently authorized the Issuance of |J,500 school-house receive bids at any time for $8,000 5% gold coupon schoolbonds by a vote of 71 to 24, Charlotte, Mich.— Bonds Foied,— This city recently voted building bonds. Denomination, $500. Dite, June, 1905. Into issue $35,000 paving and $10,000 water-worksexceneion terest payable at Adams National Bank, Devine. Maturity, — a bonds. Chase Connty, Kan.— Bonds Proposed.- The County Com- missioners have received a proposition from Kelly & Kelly of Topeka to refund $80,000 6$ bonds now outstanding. Chattanooga, Tenn.— Bond O^eringf.— Proposals will be re eeived until 12 m., June 24, by Alex. W. Chambliss, Mayor, Denomination, $1,000. Date, July 1, 1905, Interest semiannually at the National City Bank, New York City. Maturity, thirty years. Certified check for 1% of the amount of bonds bid for, payable to "The Mayor of Chattanooga," required. Bids to be made separately for each issue. The offldal notice of this band offering will be found among the advertisements elsewhere in this Department. Chicago Heights School District No. 170, 111.—Bond On Jane 1 $18,000 i% buUdlng bonds were awarded to Sale. N.W. Harris & Co., Chicago, at 101-405. Ddnomination, $1,0C0. Date, July 1, 1905. Interest, semi-annual. Maturity, July — 1, 1925. Ciucianati, Ohio.— Bond Sale.— Oa Jane 5 the $350,000 S}^i 50-year couf oj park-extension-fund bonds described in V. 80, p. 1871, were awarded to Kountze Bros., Ndw York City, at 100'187 and accrued interest— a basis of about 8'493^. Following are the bids: Bros.. New York.. .$350,656 25 Prov. Sav. Bk.&Tr. Co.,Cin. 350.465 00 Drayton (N. Dak.) School District.- Bonds Fofed.- The question of Issuing $8,540 school-building bonds carried at an election held recently. Eaa Claire, Wis.- Bond Q^crtngr.- Proposals will be received until 6 p, M June 21, by J. C. Fennessey, City Clerk, for $35,000 i% coupon bridge bonds. Denomination, $1,000. Date, May 1, 1905. Interest, January and July, at the Citlzens'-Central National Bank, New York City. Maturity, Jan. 1, 1925, Bonds are tax exempt. Bonded debt, excluding tbis Issue, $175,000. Assessed valuation, $i,983,758. Certified check for 5% payable to the City Treasurer required. Eimira, N. Y.— Bonds Authorized.— The Issuance of §55,000 bonds to build a bridge over the Chemung River Is author, and sewer bonds and $75,000 i^^t gold Hignland Park Improvement bonds. for $275,000 il4^ gold school, park, street W.R.Todd & Co.. Clnoln... 1350.425 00 Farson. Leach & Co.. Chic. 850,225 OU ClarkHbarg Scaool Dihtrict, Harrison County. W. Va.— Bond Offering,— Propr asi\a will be received until 12 M June 24, by Harvey W. Harmer, Secretary Board of Education, for $60,0C0 5% school bonds. Denomlnadon, $1,000. D^tte, July Interest annually at the Empire National Bank, 1, 1905. Clarhaturg. Maturity, 20 years, subject to call after 5 years. Certified check for 2% of amoant bid, payable to the Bnard of Education, required. Authority for issue. Chap. 20, Acts of The di&trict has no bonded indebtedness at present. 1905. Aeseesed valuation, $3,435,000; actual valuation (est.), $11,000,000, The legality of this issue has been approved by John Bassil, Harvey W. Harmer and M. Q. Sperry, local attoroeyp. Clear Lake, S. Dak.— £>escrip«on of Bonds.— The $9,000 water-works bonds recently delivered to the National Construction Co. of South Bend in payment of work done (see V. Kountze 1945, subject to call after 5 years. Bonded indebtedness, this issue. Assessed valuation, $286,800, I I , H ized by Chapter 476, Laws of 1905, Eiyria, Ohio. Bond Offering,— Propoe&lB will be received until 13 M., July 3, by Frank R. Fauver, City Auditor, for $14,500 d% East Avenue improvement bonds. Denomination, $500. Date, March 1, 1905. Interest semi-snnually at J:he United States Mortgage Trust Co., New York City. Maturity, $1,000 OQ March 1, 1906, and $1,500 yearly on March 1 from 1907 to 1915, inclusive. Acaruttd interest to be paid by purchaser. Certified national bank check for $1,000, payable All bids must be uncondito the City Treasurer, required. tional and must be made on blanks furnished by the City Auditor. Emerson (Neb.) School District No. 61.— Bond Offering, Proposals will be received until 7 p. m. June 15 by I A, O mstead, Secretary School Board, for $30,000 5i school-house bonds. Date, May 8, 1905. Interest semi annually at the Nebraska fi.-^cal agency, New York City. Maturity, $5,000 on July 1 of each of the years 1910, 1915, 1920 and 19i5. Cerfifled check for $250 rt quired. District has no bonded or floating indebtedness. Estacada (Ore.) School District.— Bonds Proposed.— The question of issuing bonds for a new school house is being considered. Fairmont, Neb.— Bond Sate.— On May 25 the $6,000 5<t 5-20-year (oDtional) coupon lighting bonds described in V. 80, & — were awarded to C. H. Coffin of Chicago at par. Farmersbarg (Ind.) School District.— jDescnpiion of Bonds.— We are advised that the $12,000 5% school- building bonds recently sold to the Citizens' State Bank of Farmersburg and to fl. W. Thompson of Farmersbnrg (see V. 80, p. p. 1986, — : — — : THE CHRONICLE. 2416 were awarded one-half to each bidder, the price paid being $6,215 and $6,810, respectively. Securities are dated Jnne 1, 1805, and mature part in 1915 and part in 1925. Interest, semi-annual. Ferry Countj (Wash.) School District No. Q.—Bid Re jected. —On)j one bid was received on May 29 for the $2 500 bonds described in V. 80, p. 1938, and the offering resulted in there being no sale. The one bid received was from the Spokane & Enstern Trust Co., Spokane. Fitchborgr, J1&»b,— Temporary Loan.— A four-months loan of $76 000 has been awarded to Lorlng, Tolman & Tupper of Boston at 3-14$ discount and $1 premium. The bids received 2357,) [Vol. lxxx. Graliam (Tex.) School District.— Bonds Fo<ed.—This dis- voted to issue $20,000 school-building bonds. Grand Rapids, Mich.— Bond Sate.—On June 5 the $180,000 i% 1-5 year (serial) coupon street improvement bonds described in V. 80, p. 2358, were awarded to Blake Bros. &Co., New York City, at lCO-47 and accrued interest. Following are the bids Blake Bros. 4 Co. N. Y $180,846 00 Michigan Trust Co., Grand B. H. Rollins & Sons. Bost.. 180.684 00 Rapids $180,02600 R. L. D«y & Co., Boston 180,840 20 Fourth Nat. Bk..Gr. Rapids. 180,000 00 trict recently Green Bijy, Wis— Bonds Voted —It is stated that this city month voted to issue $17,000 bridge and refunding bonds. last C— Greensboro, N. Proposed Bond Election. —An electon has been called for the purpose of submitting to the voters 814* Bond & Goodwin, Boston the question of issuing $50,000 high- school- building and $75,liOrins', Tolman & Tnpper, Bos3*14% Blake Bros. Ik Co. Boston ton (11 premium) 8-16X 000 water-works-completlon bonds. FlandreaD, S. Dak.— Bond 8ale —This city awarded last Greeuville, Pa.— Bonds Voted.-At a special election held March to John Nuveen & Co. of Chicago an issue of $17,000 May 23 the issuance of $6,000 sewer bonds was authorized. GreeuTille, S. Bonds Fofed —This city on May 30, by 5^ water works bonds for $17,800. Denomination, $1,000. Date, June 1, 1905. Interest, semi-annual. Matuiity. $2,000 a vote of 821 to 48, authorized the issuance of $125,000 4%% bonds to pay off floating debt and for street and sewer imten years after date and $8,000 yearly thereafter. Frauklla, Tenn. —.SoncK* Foied.— This place on May 81, by provements. Date, July 1, 1905. Interest payable at the a vote of 139 to 28, authorized the issuance of $15,000 water- Fourth National Bank (or the United States Mortgage* works-construction bonds in addition to the $40,000 bonds Trust Co.), New York City. Maturity, Ju'y 1, 1935. voted for this purpose in May, 1904, None of these bonds Greenwood, Miss.— Bonds Defeated. -The election menhave yet been issued. We are advised, however, that the en- tioned in V. 80, p. 1436, on the proposition to issue $50,000 5% 20-year paving bonds failed to carry. We are advised that tire $65 000 bonds will be offered within the next sixty nays Frauklin to., 0.— Bo«d Sale.- On May 29 the $18,000 5% another election win soon be called, when a proposition to road bonds described in "V. 80, p. 1932, were awarded to issue $20,000 bonds will be submitted. Hoehler & Commings of Toledo at 103'75. flalfmoon Bay Scbool District, San Mateo County, Cal. Folton, N. Y. Bond OJfertn^.- Proposals will be received Bond Election Proposed.— The advisability of calling an until 2 p. M., to-day (June 10) by J. Thomas Hargrave, City election to vote on a proposition to issue $20,000 bonds is Chamberlain, tor $15,000 4i registered sewer b jnds. Author- being considered. ity, Chapter 63, Laws 1902. Denomination, $1,0C0. Date, Hamilton, Ohio.— Bond Q^enngf.— Proposals will be reJan. 1, 1905. Interest, January 1 and July 1 at the Citizens' ceived until 12 M., July 1, by Thad Straub, City Auditor, for National Bank, Fulton. Maturity, $5,000 on January 1 in $7,000 43^!t coupon sanitary sewer bonds. Denomination, each of the years 1920, 1925 and 1930. Certified check on a $500. Date, March 1, 1905. Interest, semi annually at the State or national bank for $1,0C0, payable to J. Thomas Har- Second National Bank, Hamilton. Maturity, 10 years. Cergrave, City Chamberlain, required. Securities will be certi- tified check for 5% of the par value of bonds drawn, without fied to as to gennineness by the Citizens' National Bank, Ful- conditions as to payment, required. Haudsboro, Miss. -Bonds to be Issued. This town, it Is ton, and the legality of the issue approved by 8. Mead, City Attorney. Bonded debt, excluding this issue, $303,050, As- stated, will issue $4 Oi school bonds. HallettSTllIe (Texas) Scliool District.— iVo Action Yet sessed valuation, $3,313,4S0. Gates (N. I.) School District No. 6 —Bond Sale.— On Taken, We are advised that no steps have yet been taken May 15 an Issue of $18,500 4% bonds of this district was looking towards the issuance of the echool- building bonds awarded to the Rochester Savings Bank at par. Drtnomina- mentioned in V. 80, p. 1254. tion, $750. Date, May 15, 1905. Interest, annual. Maturity, Hallock, Minn.- Bonds Defeated. We are advised that the recent election resulted in the defeat of the proposition $760 yearly on May 15 from 1906 to 1923, inclusive. Geneva (Neb.) School District.— JSonds Registered.-The to issue $10,000 sewer bonds. Hardin County (P, 0. Sayannah), Tenn. —Bond Sale,— On State Auditor recently registered an issue of $30,000 i^% May 31 25,000 h% couit-house bonds were awarded to Farson, bonds of this district. Gladstone, jttlch.— Bonds Dc/eafed.— The proposition to Leach & Co., New York City at 103'02. Denomination, $500. issue $15,000 school-building bonds failed at the recent elec- Interest, annually in July. Maturity, from one to twentytion. The vote was 75 in favor of and 68 against— two-thirds five years, subject to call after 1915. being necessary to authorize. Harrington (VVash.) School District.- Bonds Voted.— Glassport Scbool District, Alleglieny County, Pa.—Bond This district on May 6, by a vote of 112 to 23, authorized the were: Discount. Discount. , C— — — — O^eriwflr.— Proposals will be received until 7:30 p. m., June by the District Treasurer, Bank Building, Glassport, for 19, $20,- i^% coupon, tax-free, bonds. Denomination, $1,000. Date, July 1, 1905. Interest semi-annually at the United States Mortgage & Trust Co., New York City (which company will certify as to the genuineness of the bonds), or at the Glassport National Bank, at the option of the purchaser Maturity, $1,000 in each of the years 1908.1910,1912,1914' OCO 19i6, 1918, 1919, 1921, 1922, 1923, The and from 1925 to 1934, inclu- bonds has been approved by John G. Certified check on a national bank or trust company for Z% of the amount of bonds bid for, payable to the school district of the borough of Glassport, required. Bonded debt, including this issue, $75,702 24. Assive. Johnson legality of the of Phila'3elphia. sessed valuation, $3,480,860. The offlcial notice of thia bond offering willbe foundamong the advert isementa elsewhere in this Department, Glendora (Cat) School District.— Bond Election.— An election will be held to day (June 10) to vote on the question of Iseaing $7,000 echool bonds. Gloneesier, Mass.— Bond Sale.— Oa June 6 the $51,000 S}4i municipal bondp described in V. 80, p. 2358, were awarded to W. J. Hayes Sons, Cleveland, at 10J'05 and accrued interest. FoUowiog are the bids : W. J. Hayes & Sons, Cleve. .$51,026 60 Bstabrook & Co., Boston $51,207 CO & | Goderith, Huron Co., Ont.— Debenture Offering,— Propobe received until June 17 by Johnston, Town M O sals will Clerk, for $17,000 4}^% " capital-expenditure" consolidation debentures. Interest payable at the Bank of Montreal, Goderlch. Maturity, part jearly for twenty years. Gracevilie, Fla.— Sond O/Terir-flf.— Proposals will be received until 2 p, M Jane 22, by H, B. GrHCe, City Clerk, for $5,0(j0 couoon school-bnildlug bonds. DnnomiDa-lon, $1,Dnte, D^c. 27, 1904. Interest annually at Gracevilie, 000. Fla., or New York City, at the purohaBer's option. Maturity, 20 years from date of Issue. Certified check for 3<« of amount bid for, payable to the Treasurer of the City of Gracevilie, rpqoired. Bonds will be certified as to genuineness by the United States Mortgage & Trust Co., New York City. The city has no bonded Indebtedness at present. Assessed valuation (estimated for 1905), $300,000. H , issuance of $8,000 school- building- addition bonds. Harrison Co., O.—Bond Sale.—Oa June 7 the $30,000 i^ infirmary bonds maturing $1,500 each six months from Sept. 1, 1906 to March 1, 1916, inclusive, were awarded to the Harrison National Bank of Cadiz at 100 676. Following are tbe bids Harrison Nat. Bank, Cadiz.. $Sn,203 00 John P. O'Brien & Co., Bost. 80,200 00 . Seasongootl Hayden, & JMayer, Clncln. 30,173 76 Miller * Co., Cleve. S0,J25 76 I I | | Jobnson. 8teubenTiIle.$30,108 0O 80,100 00 Fourth Nat. Bank. Cadiz TIics. . W. W. & J. flayes K. Sons, Cleve... Toad &Co., Cinoin CO 30,06000 80,f.91 Hebron (Town), Aitken County, Mino.— Bund Offering.— Proposals will be received until 2 p. m., Juoe 27, by A. J. Catlin, Clerk (P. O. Waukenabo), for $3,500 road and bridge bonds at not exceeding 6^ interest. Deaomi nation, $500. Date, July 1, 1905. Interest, annual. Maturity, $500 yearly on July 1 from 1906 to 1912, inclusive. Authority, Chapter 36, Laws of 1903, and election held May 23, 1905 HeleoH, Mont.— Bonds Defeated,— We are just informed that the vote at the election April 10 on the qiestion of issuing $696,250 bonds to acquire a water plant was 101 in favor of and 3fl6 against the proposition. Hempstead (N. Y.) Schuol District. -Bonds Fofed.— The electiou May 29 resulred in a vote of 55 to 25, in favor of the proposition to issue $55,000 building and $6,000 site bonds. Hillrose Irrigation District, Morgan and Washington Connties, Colo. Bid i2e/ected. —Only one bid -ttiat ot Dake M. Farson Co. of Chicago— was received for the $39,500 6j< coupon bonds offered on June 1 and described in V. 80, p. 1498. The offer of the Chicigo firm was 90, but as the law requires an offer of at least 95, the bid was rejected. Hoiyoke, Mass. Bond i^ale.— Following are the bids received June 7 for the $73 000 3%f gold registered gas and electric bonds described in V. 80, p. 2358 100-0fl7 Farson, I.each & Co., New York.l00*049 R. L. Dav ft Co., Boston Lorlng, Tolman & Tupper, Bos. 100-071 W. J. Uayes A sons, Cleveland 100*087 lOO-oae 100*06 Kstabrook & Co.. Boston. Adams & Co., Boston 10001 Jackson & Cnrtls. Boston & — : I I I I Bid received too lato. Indianapolis, Ind.— Bond Ojferinflf.— Proposals will be re. celved until 12 m,, Jnne 20, by J. P. Dunn, City Comptroller, for $45,000 S14% coupon non-taxable refunding bonds. Denomination, $1,000. Date, July 1, 1905. laterest, Jan. 1 and July 1, Maturity, July 1, 1925. Certified check on an Indianapolis bank for 2%% of the par value of bonds bid for, payable to Oliver P. Ensley, City Treasurer, required. The offlcial notice of this bond offering will be found among the advertisements elsewhere in this Department, — : June — Twp., SILich.—Bond Sale.— Oa Jaae 1 ths $13,000 1-6 year (serial) highway and bridge boads described in V. 80, & Co., Datrolt, at 101 '66 p. 2238, were awarded to W. E. Moss for 460 per centa. Following are the bids 112,009 W. B, Moss & Co., Deft (4-60s).tl8,320 W. J. H ay es & S ona ( 4Ms) 12,120 Micbigaa Trust Co., Grand Rap8. A. Kean, Ohicago (58) 18,000 ids (5s) Lamprecht Bros. Co.,Cleve.(68). 12,078 Kalamazoo, Mich.— Bond Sale.— On May 22 the $139,500 i% 1-7-year (serial) paving bonds described in V. 80, p. 1987, Co., Chicago, for |100 were awarded to Farson, Leach premium and blank bonds free of charge. Kansas Citf (Mo.) School District. —Bond O/erfng.— Proposals will be received until 13 M., June 26, by Board of Education, for $500,000 SJ^^-school house bonds. Securities are part of an issue of $l,0o0,000 bonds authorized by a vote of 3,367 to 671 at election held Miy 6, 1905. Denomination, Date, July 1, 1905, Interest, semi-annual, Jan, and $1,000. July, at New York City, Maturity, July 1, 1935, Certified check or cash for 2% of the par value of bonds bid for required, Bonded debt after payment of bonds due July 1 1905, |3 005,000. Kiugflsher, Okla.— Bond O^ering.— Proposals will be received until June 15 by Q-eorge B. Bonnett, City Clerk, for $35,0l0 refunding water-works bonds at not exceeding 5% Denomination to suit purchaser. Dite, July 1, interest".. Interest, semi-annual. 1905. Maturity, 1935, bids being also requested for bonds subject to call after 15 years. Bonded debt including this issue, $66,000 Assessed valuation, $629,645.' La Ballona School District, Los Angeles Coanty, Cal.— —Bond Hale,— Od May 39 $8 000 5% school- building bonds were awarded to Adams- PhUlipa Co., Los Angeles, at 103*475. Denomination, $l,0U0, Ddte, May 39, 1905, Interest, annually on May 29 Maturi.y, $1,000 yearly on May 29 from 1906 to 1918, inclusive. La Crosse, Wis.— Bond Sale.—The following 10-20year optional bonds were awarded on June 2 to FareoD, Leach Co., Chicago : & & 1100,000 i% high school bonds at 101-265. 80,000 i% Are- department, bonds at 101'275. 16,000 4% street improvement bonds at 101'26. See V. 8't, p. 1987, for description of bonds. LambertOfl, t&edwood Oonuty, Minn. Bond Offering. Propoaais will be received until Jane 26, by Geo. J. Grimm, Village R-cjrder, for $2,50 5* improvement bonds. Authority, Chapter 300, Laws of 1S93, and Acts amendatory; also election held May 23, 1905. Djuoaxlnation. $500. Date, Aug. 1, 1915. latertst. semi-annually in New York, Chicago or St. Paul, as the purchaser mayeitcii. M^itarity, Aug. 1, Successful bidder furnlslies blank bonds. 1915. Present bonded debt, $10,Ono. Assessed valuation 1904, $193,477. Lawrence Co., Ind. Bond Sale.— The following bonds — 8pm, i were awarded on Jane 6 to J. F. Wild & Co., iHi Pleasant Run Township gravel bonds at $487 50. 17,210 i}i% Marshall Township gravel bonds at Bocds are dated May — THE CHRONICLE. 10, 1905.] loiiia 117,600 — , 15, 1905. Indianapolis: 100*116. Denomination, $131, Interest, semi-annual. LeouardsTllle (N. ¥.) School District. -Bowd Sale —The |5,500 4* registered school building bonds offered on June 1, described in V. 80, p. 2334, were awarded to Rogers, Brown Gates at par. Lestershire, N. Y.—Bond Sah.—Oa May 29 $40,000 sewer bonds of this village were awarded to N. W. Harris & Co., York Cl'y, at l')0 11 for 8"85 per cents. Denomination, Datw, Jane 1, 1905. Interest, semi-anuualiy at the $1,600. First National Bank of Binghamton. Maturity, $1,000 yearly on Jnne 1 from 1909 to 1933, inclusive. Liberty, Mo.— «ond Ci^ermflr.— Proposals for the $55,000 5% coupon water bonds described in V. 80, p. 1384, will be received until 8 p, M June 22, by Richard I. Bruce, Clerk of City Council. Ceitified check for 10^ of amount of bid required. Lompoc SchonI District, Santa Barbara Coanty, Cal.— Bond dale. -Ou M.>ij 32 $4,50') 43^* coupon school-house- re pair bonds were awarded to Adams Phillips Co., Los Angeles, at 100'323. Deaomin'itioa, $51), Date. M*v 1, Interest annually at Couaty Treasurer's office, Santa 1905. & . Barbara. Lorain, O.—Bond Sale.—The $100,000 424'i water improvement bonds recently authorized (see V. 80, p, 2359) have been taken at par by the Sicking Fund Commissioners. — LonlsTille, Ky.— Bonds Not Sola. No bids were received 6 for the $250,000 3% gold sewer and park bonds described in V. 80, p. 2359. Ly US City iodf pendent School District (P. 0. Lyons), la.— Bond aale -On May 37 $31,000 i% 5 10-year (optional) school- building bonds were awarded to C. L. Root, Lyons. on a basis of aoout 3 901. The other bids received were as follows $31.062 00 N. W. Harris & Co. (less $124). •131,000 8. A. Kean, Chloagro G.M. Beohtel & Co., Dav'p'rt. •81,067 00 N. W. Halsey Co. (Ie38$2«i0).. 31,000 31,060 00 Uenison, Prior & Co. (less $800) 81,000 First Mat. Bank, Cmcago on June : St, And blank bonds. Denomination, $500 Date, probably Jane 1, semi-acnually at the First National Bank, Lyons. * Interest B:)nded debt, excluding this issue, $5fi0. A-^sessed valuation, $634,845. McKeesp'trt, (Pa.) Schoul District.- Bond ^ate.— Oa June 5 the $254,000 A% coupon bonds described in V. 80, p. 1933, were awardt^d to Kountze Bros., New York City, at 103'68. Maiden, Mass. - TeTraporar^/ Iioan. — Lorlng, Tolman & Tupper of Boston whs recently awarded a $100,000 loan, in anticipation of the collection of taxes, at 3H% discount and $3 premium. The following bids were received : Discoun Diicount. Lortng, Tolman & Tupper, Bos- ton ($8 preminm) I Blake Bros. & Co. ($1 premium) 8-18S 8*14^^1 Parkinson & Burr. Boston S'2ii% I 3*14% Bond & Goudwin, Boston Loan matures Oct. 18, 1905. JHamaroneck, N. T. Bond BaZe.— On June 7 the $50,000 sewer bonds were awarded to Radolph Kleybolte «&Co., New York, at 100-13 for 3 75 per cents. Following are the bids : | — R. Kleybolte W. J. & & Seymour & Co. (for 8*85s)... .100*17 102*033 Kountze Bros, (for 4s) Co. (for 8*758). ..100*18 E. Haves & Sons N. W. Harris Geo. M. Hahn (for 8-758). 100*00 Co. (for 3-8Js).. 100*178 100*217 b*86s) (for W. R. Todd & Co. 100*376 (for 48) Denomination, $1 000. Date, July 1, 1905. Interest, semiMaturity, $3,000 yearly on July 1 from 1910 to 1934, annual. inclusive. Manistee, Mich.— Bonds Authorized.— The issuance of the $50,000 4j bonds voted at the election April 3, 1905, has been authorized. Interest, semi-annual. Maturity, $10,000 yearly, beginning in 1923. Mtinsfleld, Ohio.— Bond Sale.— On Jane 7 the fourteen bonds aggregating $37,300 described in V. 80, p. iss-ues of 1987, were awarded to the Mansfield Savings Bank for a premium of $400 and interest. H Marion (Ohio) School District.- Bond Sale.— Oa June 1 the $30,o00 i}4i coupon school-building, furnishing and site bonds deecrioed in V. 80, p. 3834, were awarded to Rudolph Kleybolte & Co., Cincinnati, at 104 85 and accrued interest. Following are the bids: a. Klevbolte & Co.. Cincin.. .$.31,456 00 Denison, Priori Co., Cleve3i,>i0(i00 lan d and Boston P. Li. Fuller & Co., Cleve 181,071 00 31.127 50 Sec. Sav. Bk. &Tr,Co..Toledo. 31,'il2 60 Un. Sav. Bfe. & Tr. Co.. cla. W J. Uayos* Sons. Cleve... 81,119 00 N. W. Harris * Co., Chicago. 80,942 00 Hoehler4Cumming8,Toledo 31,087 60 Cent. Tr. & Safe Dep.Co.,(;in. 80,846 00 . . New Seaaongood & Mayer, Olnoln. bl,025 76 IstNat. B'k.Colnmbns. 80,726 uO — Marlborough, Mass. Bond Offering. Proposals will be received nntil 3 P, M., Jane 18, by Charles F. Robinson, City Treasurer, for $iO OdO i% coupon city hall notes. DeaominaD-ite, July 1, 1904. Interest, semi-annually at tion, $1,000. the Wintbrop National Bank of Boston. Maturity, $3,000 on July 1 of each of the years 1907, 1903, 1909 and 1910, and $3 000 yearly on July 1 from 1911 to 1924, inclusive. MarbUall, Tex.— Bonds Registered.— On May 18 $30,000 5% 10-40 year (optional) water-imorovement and extension bonds were registered by the State Comptroller. Meadville, Pa —Bond O^eringr,— Proposals will be received until 4 P M,, June 31, by tue Ciry Oouacil for $30,000 i% retundiog bonds. Denomination. $500. laterest semi annually on Jan. 1 and July 1 at the office of the City Treasurer, Maturity, 30 years, subject to call after 5 years. Bonds are exempt from taxation. H. S. Robinson is City Clerk, Medfurd, Mass —Te»nporarjr Loan.— This place recently awarded a loan of $75,000 with Loring, Tolman & Tupper of Boston at 3 13% discount. The following bids were received: Discount. Loring, Tolman & Tupper, Bos- DUcount. Bond & Goodwin, Boston 313« ton Denomination, 100*142. 241 Blake Bros. & Co., 8 16% Boston 3-S(^ Loan matures Dec. 6, 1905. Mediua (oonty (P. 0. Medina), Ohio.— Bond Sale.—Oa June 8 the $i,300 5% coupon HarrlsvlUe ditch improvement No 27 bonas described in V. 80, p. 2384, were awarded to W. J, Hayes & Sons, Cleveland, at 101'404. Following are the bids: W.J. Hayes & Sons, Cleve.... $5,278 00 Old Phoenix Nat. Bk., MediDa.$5,266 00 NewlstNat. B-k,ColambnB.. 6,265 00 Medina Co. Nat. Bk., Medina. 5,210 00 Bond Sale.- Oa June 1 the $45,( 00 4<J Middietovtn, Pa 80-year coupon non-taxable refunding bonds descrlted in V. Co., Cleve80, p. 1938,'were awarded to Hnyden, Miller land, at 103 888 and accrued interest— a basis of about 3'797jJ. Following are the bids : Hayden, Miller & Co.. Cleve.$46,375 00 N. W. Harris & Co., N. Y $46,630 00 Mason. Lewis & Co., Chic. 46,132 20 W. J. Hayes & Sons, Cleve. 45,608 00 I | & I . Kountze Bros., Albert C. Case, . . New York... New York.... . . | 46,048 50 46,y45 00 1 | LamprechtBros.&Co..<leve. 4S,H9i 60 Parker & Co., Boston... 46,183 00 Jose, Middletowu (Ohio) School District.— Bond diaie.— Accord- ing to local reports tbe following bids were received on June 5 for the $30,000 i% school-building bonds described in V. 80, p. 1987: SeasoDKood & Mayer, CI noln. $20,233 26 W. J. Hayes & Sons. Cleve. $20,079 00 Weil, Roth & Co.,Clncinratl. 20,280 00 Prov. 8av. B'k &Tr. Co.. CIn. 20,070 00 Dn. Sav. Bk.A Tr. Co.. Cin... 2ii,050 00 Oglesby. Barnlt* A Co., Mld20,151 CO Hayden, Miller & Co., Cleve. 20.i 35 00 dletown a. Kleybolte & Co., Clnoin... 2u.l22 50 W. H.Todd & Co., Clnoinuatl. 20,085 Oo . Milfurd, Iowa. -Bonds Proposed. —The issuance of $9,000 water bonds is being considered. Milwaak^-e t;ouuiy (P. 0. Milwaukee), Wis.— Bonds 4mthorized. The County Board has decided to issue $450,000 Qrand Avenu*' viaduct bonds. Mineral Wtlls, Tex.— Bonds JSepisierei.-The State Comptroller registered on May 13 an issue of $5,938 6% 10-40-year (optional) water, sewer and bridge-repair bonds dated Apr. 10, 1905. Minobk 111.— Rond Sale.— This city has delivered to John Kankakee, a contractor, an issue of $i,4G0 5% looalimprovement bonds in payment for work in constructing sidewalks. Tcese are special assessment bonds, one-half to be paid by the city and one-balf by the property owners benefited. Denomination, $100. Interest, annually at the Drfivere of of the City Treasurer. Maturity, $600 yearly, beginning Feb. 6, 1907, Mobile, Ala,— Bonds Not Sold.— Bond Offering,— l!io bids were received on Jni e 1 for the $3,000,000 4% gold refunding bonds described in V. 80, p. 1749. Bids are again requested for these bo> ds, this time until July 15. Monaco School Oigtrict, Bearer Coanty, Pa.— Bond Sale. — On June 2 $30,000 43^^ coupon reiuading and building bonds were awarded to E. H Gay & Co., Boston, at 105*02 and accrued interest. Following are the bids: office — : . THE CHRONICLE. 2418 |31,606OO DenlBon, Prior & Co.. CleveE n. Gay 4 Co, Boston 131.448 06 land and Boston HoehleriCummiDgs.Toledo 81,4S8 50 81.448 00 W. U. Todd at Co., ClnomnatL 81,825 00 Cleve... aone, UayesA W. J. Danomination, $1,000. Date, July 1, 1905. Interest, Jan. and Jnly. Maturity, $1,0C0 yearly on July 1 from 1908 to 1933, inclnsive, |2,000 on July 1,^934, and also on July 1, 1935, Monroe, Gta.— Bonds Voted.— Oa April 20 this place voted to issue bonds for an electric-light plant. Bond Election. An election will be held in this place on June 21 to vote on the question of issuing $30,000 water bonds. Montgomery Co., O.—Bond Sale -OoTjune 8 the $51,000 bridge bonds described la V. 80, p. 2234, were awarded to the Third National Bank of Dayton for $51,225. Bonds Voted.— It is stated that this Moreliead City, N. town recently voted to issue bonds. Monnt tlemens, Mich.— Bond Ojferfngf.— Proposals will be received until 12 m., June 19, by the Board of Aldermen, for $120,000 4 per cent refunding and public-improvement bonds. Authority, vote 780 to 213, at election held May 24. Danomination, |1,OCO. Date, July 1, 1905. Interest annually or semi-annually and at snch place as bidder shall designate. Maturity, $5,000 yearly on Oot. 10 from 1910 to 1933, IncluCertified check for $5,000, payable to the City Clerk, sive. required. William F. Kracht is City Clerk. Mount Gilead Union School District, Ohio.— Boni Sale.— On June 2 |12,<i00 5^ coupon new high-school bonds were awarded to the Monnt Gilead National Bank, Mt. Gilead, at 106-842. Following are the bids: — H C— & Mayer, Clnoln.$12,531 2B W.K.Todd & Co., Cincinnati. 12,500 00 Mt. Gilead Nat. Bank, Mt. Gilead 112,76100 seasoDKOod 12.698 00 LamprechtBros. &Co.. Clev. 12,490 Ou J. Hayes & Sons. Cleve. 12.480 00 noehleriCummlngs.Toledo. 12,642 60 Well. RotB * <;o., Clnoln Denlson, PrlurAUo., Uleve8. A. Kean, Chicago 12.432 00 land and Boston 12,533 60 New IstNat. B'k.,ColambaB. 12.390 O'J Authority, Chapter 8. Section 3991-92, Revised Statutes. Denomination, $500. Date, June, 1905. loterest, March and Septi^mber in M<;, Gilead. Maturity, $500 each six months from March 1, 19C6, to Sspt. 1, 1917, inclusive. Bonded debt, this issue. Assessed valuation, $1,250,000. W. . . Mount Oliver (Bore), Pa.— Bond* — [Vol. lxjul Niagara Falls, N. 1,— Certificates Authorized. —The Legislature has authorized this city to issue $40,0(0 certificates to pay outstanding indebtedness. These certificates, we are advised, will run about three months and will be taken by local banks. North Hempstead (Town), Nassau Co., N. Y.— Bond O^ering'.— Proposals will be received until 12 m,, June 12, by the Town Board, at the office of George B. Stcddard, in the Bank Building in Mineola, for $20,000 4<t gold town-meetinghouse bonds. Denomination, $1,000. Interest annually. Maturity, $1,000 yearly from March 1, 1910, to March 1, 1929, Certified check for lOjg of amount bid, payable to town of North Hempstead, required. Authority for issue, election held April 4, 1905, and an Act of Board of Supervisors duly adopted. Edward C. Willeta is inclusive. the Supervisor of the Town Supervisor. Nntana Public School District No. 869, N. W. T.— Deben- — PtopoB&la will be received until 7 p. m., July by William P. Bate, Secretary (Box 7, Saskatoon), for $9,000 Q% debentures, maturing part yearly for twenty years. Nutley (N. J.) School District.- Bonda Defeated. —This district on May 12, by a vote of 189 for to 261 against, defeated a proposition to issue $50,000 bonds for an addition to the Park School. Oakes, N. Dak.—Bond Sale,—The $20,000 5;^ 20-year gold coupon water and sewer bonds described in V. 80, p. 1750, were awarded to N. W. Harris & Co., Chicago, at 108*125 and accrued interest^a basis of about i'lbl^. Securities are ture Offering. 8, dated May 1, 1905. Oklahoma City (Okla.) School District.—Bond S'a^s -On June 1 the $60,tOU i^i 20-year school-building bonds de- & scribed in V. 80, p. 22a5, were awarded to Mason, Lewis Co., Chicago, at 105 33— a basis of about 4'107^. Following are the bids Mason. Lewis & Co.. M .L. Turner,OklahomaCity.$61,501 00 Chlca(!0.$e3.198 00 Lamnrecbi BroB.A Co..Cleve. 61,422 00 Un. Sav. Bank 4Tr. Co..Cln.. 61,250 OO Mercantile Tr. Co., Chicago.. 68,742 00 R. Kleybolte ACo., Clncin ... 62.730 00 Q. B. Stone, Oklahoma City.. Farmers' State Bk.,Ok!a. City John Nuveen &Co., ( bic iTarson. Leach & Co. .Chicago. R. J. Edwards, Okla. City SeasoQKOod & Mayer, Clnoln. 62,700 62,416 62,385 62,121 61,800 Denlson. Prior & Co., Cleve., land and Boston 60,622 00 Oklahoma City Nat. Bank.... 60,800 00 F. L. Fuller & Co Cleveland. 60.630 00 W. R. Compton, Macon, Mo. 68.600 00 00 00 00 00 00 . Authorized, The Borough Council has authorized the issuance of $10,000 4^i cou61,67100 pon funding bonds. D.3nomination, $500. Date, Juiy 1, 1905. Pawnee i;itj (web.) School District.— Bond Sate.— On Interest, sf^mi-annual. Maturity, $500 each six months from April 20 $6,500 4}^% refunding-school-building bonds were Jan. 1, 1909, to July 1, 1918, inclusive. Bonds are free from awarded to N. E. bark'ey Jr., Lincoln, at par. DanominaState tax. Date, April 23, 1905. Interest, Jan. 1 and July 1. tion, $100. Monnt Ternon, N. Y,— Bond Q^erinp.— Proposals will be Maturity, April 38, 1915, subject to call on any interestreceived until 8 p. m , June 20, by the Common Council, for paying date. Piermont, N. Y.— Bonds Re-awarded.— As indicated in last refunding bonds. $59,000 week's Chronicle, the bid of Geo. M. Hahn for the $2,000 5% Date, June 1, 1905. Denomination, $1,000. Interest, sem- bonds offered May 27 was 100*53 percentage, and not 100'63 annually at the office of the City Treasurer. Maturity, premium, as was at first understood by the city officials. $10,000 yearly on June 1, 1916 to 1919, inclusive, and $19,000 The bonds have been re awarded to the Nyack Building & Loan Association at 102*787. June 1, 1920. Certified check for $1,000 required, Securities Pima County (P. 0. Tucson), Ariz,— Band O^ennflf.— Prowill be certified to as to genuineness by the United States posals will be received until 12 m June 21, by John W, Mortgage & Trust Co. of New York City and the legality of Bogan, County Treasurer, for $25,000 4J 50-year gold refundthe issue approved by J. H. Caldwell Esq. of New York City. ing bonds. Denomination, $1,000. Interest payable at the office of County Treasurer or at such bank in New York A. W. Reynolds is City Clerk. City or San Francisco as may be designated by the Board of The official notice of this bond offering will be found Supervisors. Certified check for $500 required. Authority, Cnapter 2, Title 31, Revised Statutes of Arizona of 1887, and among the advertisements elsewhere in this Department. Bond8ale.-Oa June 6 the $50,00D 4;^ 21-30 year (serial) Act of Congress approved March 3, 1901. Point Pleasant, *f . Ta.— Bonds Not Sold—Bond Offering. building and the $20,000 4% 29-82-year (serial) highway bonds coupon street-improvement bonds —The sale of the $15,000 described in V. 80, p. 2236, were awarded to N. W. Halsey & 2 has been continued until June 16, the bids offered on June Co., New York City, atl06'678 andil07'38 respectively. These received on June 2 not proving satisfactory. Sea V. 80, awards are on about a 3'6U^ basis. Following are the bids: p. 2235 for description of bonda. 130,000 Bonds. $20,000 Bds. $53,a39 N. W. Halaey & Co., New York Portiaud (Miob.) School District No. 3 —Bids Rejected.— $21,476 Konntze Bros., New York £3,031 2l.s77 All bids received for the $6,000 43^<J building and ImproveGeo. M. Hahn. New York B2,850 21,258 5.5,800 21,a*i0 L.W. Morrison. New York ment bonds offered on June 1 and described in V. 80, p. 2235, O'Connor* Kahler, New York 52,-89 21.16<i were rejected. Bonds will be re advertised. B2,09i) Blod«et. Merrltt & Co.. Boston 20,»56 6i.930 Farson, Leach & Co New York 20,9j4 Potsdam, N. Y.—Bond Sale.— Oa June 6 the $40,000 5-24Jno. D. KTerltt & Co.. New York 51,806 20,884 year (serial) bonds described in V. 80, p. 2381, were awarded Newark, N. Y.-Bids.- Following are the bids received to W. J. Hiyes & Sons, Cleveland, at par for 3*80 per cents. May 22 for the $64,( 00 water bonds awarded, as stated last Preston (Iowa) School District.— Bonds Fofed.- This disweek, to Street, Wykes & Co., New York City : trict, it is stated, has voted to issue bonds for an addition to street, Wykes &;Co.. i $50,000 8^8. Par N. W. Harris & Co.. for 8-7.'i8 Par the school house, New York 14,0004b. .. .I'ar W. J. Hayes & Sons, for 3-758 Par I Pueblo (Colo.) School District No 1. -Bonds Voted.— Newcualle School Dittriet No. 1, Weston County, Wyo,— According to local papers, this disiriot early last month Bona Cl^eringr.- Proposals will be received by A. Evans, voted to issue $25,000 school-building bonda. Clerk School Board, tor 10,000 6^ 5-14-year (serial) refunding Putnam, Conu. Bonds Authorized by Legislature. The bonds. Drenomication, $1,000. Interest, semi-annual. State Leglelatare has authorized the isanance of $50,000 4i% New hochelle, N. Y.— BondSaie.-Oa June 6 the $40,000 sewer bonds. We are advised that the membsrs ot the City 6 per cent 1-5 year (optional) certificates of indebtedness de- Council have not as yet taken any action looking to the scribed in V. 80, p, 2235, were awarded to the New Rjchelle issuance of these bonds, nor will they until the city votes to Trust Co., New Rochelle, at 101 -39 and accrued interest. Fol- accept the sewerage plans. lowing are the bids: Qaincy, HA ass.— Temporary Loan.— A five months' loan of New llochellc Trust Co.. New Nat. City Bk.. New Rochelle. $40,450 00 $50,000 was recently borrowed from Loring, Tolman & TupKochelle .$«0,6r)0C0 W. J. Uayes & Sons. Cleve. 40,o»2 00 per of Boston at 3 137 discount. The following bids were Yonkers 8av. Bk., Yonkers.. 4U,508 00 B. Bey moor & Co.. N. Y 40,08l 00 received: New York City.— Bond /ssMe.s.— The following ieaues of Discount. Discount. corporate stock ot New York City was taken by the sinking Lorlne, Tolman ATupper, Bos.. Jli% Brown Bros. & Co.. New York.. 8-20$ preujium) Bros. Co 3-Z4% Blake & ($1 8M6)l premium). Bond Uoodwiu ($2 & fund an an investment during the month of May : Golilnian, Sachs & Co., N. Y.... 3-75jt Jackson & Curtis (»1 premluui). 3-18* Purpose. znt'tt Rate. MaiuHty. Amount (ittlucy (111) Sihool District SSo. n2.—Dcfcnption of Watersupply a 1954 $16,000 00 Various municipal purposes Boria.!»,—TtiP $120,00) 535 coupon bonds voted at tha election 3 1^54 l.OUO CO In addition to the above bonds, the following "revenue March 21 will be dated July 1, 1905, Denominations, largeMaturity loterest, annually in Qaincy. ly $500 and $1,000, bonds" (temporary securities) were issued : District has no 38 yearly, beginning Jnly 1, 1907. $13,833 Int. Itate, Amount. „ T. Revenue bonds-Special bonded debt at present 11 )ating debr, $11,000. D. B. Raw "Av. rate." $200,000 00 Revenue bonds— Special 3^ ftilOOCO line is Treasurer Board of Education. Revenue bonds— In anticipation 1B0.'5 taxes Hu l,f oo'oo 00 Revenue bond«— In ant clpuiioii llt06 tii-ves S% Uavenna, Ohio.— Bids. -Following are lb© bids received (1,210010(0 Revenue bonds-In antlcipulion IHOS* taxes S^ 2,00(M>oo 00 May 27 for the $5,000 5% refunding park bonds awarded, Total 112,580,100 00 stated last week, to Weil, Roth & Co., Cincinnati / . . , a , H , • I 1 — . . I | | | ; 1 :. — June a . THE CHRONICLE. 10, 1905.J $5,627 00 Hoehler & CummiDgs. Tol. Weil, Roth * Co..Clncln $5,*12 no UnionSav. Bit. &Tr.Co..Cln. 5,502 60 P. S. Brigga & Co., Clncm.... 5.4:0 00 . Central Trust Co Cincin Sec. Nat. Bank. Ravenna Rayenna Nat. Bk.. Uavenna. . ljaniprectitBros.it Co.,Cieve. W.J.Hayes & Sons, Cleve... 5,601 00 5,47u 52 6,468 50 5,457 00 6.430 00 6,415 26 5,4 12 50 . R. Toad & Co. rinotn ... F. L. Fuller & Co., Cleveland. A. Kleybolte & Co., Clncm.. Denlson, Prior & Co., Cleve- W. . 6,400 00 5,400 00 5,875 00 land and Boston 5,825 00 New istNat. B'k, ColumbuB. 6,at2 50 Hayden, MlUer* Co.. Cleve.. 5,225 27 Bedlaiids, (jal.— Bond Bkction. An election will be held in this place ehorfcly to vote on the question of issuing bonds for street improvements. Reno School District No. 10, Washoe Co , Ner.— Bond Sale— On May 29 $20,000 5^ S3tiool bonds were awarded to the Farmers' Merchants' National Bank, Reno, at 101. Denomination, $1,000. Date, $10,000 July 1 and |1(),0.0 Sept. Interest annually on Dec. 31. Maturity, $2,000 1, 1905. yearly from 1910 to 1919. Ripley ronnty [P. O.Osgood), Iiid.—Bond Sale.—Oa June 5 $7,200 4.% per cent Center Township pike bonds were awarded lo the Holton Sfate Bank, at Helton, at 102 50. DenomiBation, $360. Interest, May 15 and Nov. 15, at the Ripley County Bank, Osgood. Maturity, $360 each six months from May 15, 1906, to Nov. 15, 1915, inclusive. RitZTille, Wash. Bond Election,— An elsctlon will be held June 12 to vote on the question of creating a loan of $12,000 for a city hall and fire station. Rutland and Leroy School Districts (P. 0. Felts Mills), N. T.- BoTid 8ale—0a May 26 $10,200 school- district bonds were awarded to the Watertown Savings Btink, Watertown, at 100 838. Denomination, $600. Date, June 1, 1905. Interest semi annually May 1 and Nov. 1. Maturity, $6 JO yearly on Nov. 1 from 19 6 to 1922, inclusive. Rocky River (Ohio) School District. —Bond Offering,— Proposals will be received until 2 P, M., June 17, by the Clerk of the Board of Education for $9,000 5 per cent school-buildinsr bonds. Authority, Sections 3991, 3993 and 8993, E-vised Statutes of Ohio. Denomination, $500. Interest, April 1 and Oi3t. 1 at the Rocky River Savings Bank, Ro^ky River, Maturity, $5)0 each six montlas from April 1, 1906, to O^t. 1, 1914, inclusive. Cftrtified check for $200, payable to the Treasurer of the Rocky River Village School District reSaasoriKOod A Mayer, Cincin. Sec. Sav. Bk. &Tr.Co.,Toledo — & H quired. St. Johns County, Fla.— iVb Bond Election to be Held.— that the County Commissioners have given We are advieed NEW 2419 up the idea of calling an election to vote upon the proposition to ispue courthouse bonds. St. Paul, Mian.— Bonds Proposed.— The Board of Education has passed a reso'u'ion asking the City Council to authorize an issue of $150,000 bonds for new high schools. Sandusky, Oh\o.— Bond Election,— An election will be held Jane 22 to vote on ttie question of issuing $125,030 bonds for harbor improvements. Sabta Ana, Cal.— iJond O^enngr.— Proposals will be received until 5 p. M., July 3, by Ed. Tedford, City Clerk, for $57,000 i}4'i gold eJeotric-light and power bonds. Denomination $1,000. Maturity, $3,000 yearly for nineteen years. Certified check for 5% of bid required. The successful bidder will be furnished with the opinion of Messrs, Dillon Habbard of York City as to the validity of the bondi, Sse V. 80, p. 1930. Serantoa, Pa-Bo7id Sale.—Oa May 31 $32,^00 6^ Washburn street-improvement bonds were awardid to Lloyd, Coles Co., York City, at par. Denomination, $100. Date, July 1, 1905. Maturity, July 1, 1910, bonds being sub3 ct to call before that date. Sedan, ChEHtanqaa Connty, Kan.—BoTi^s Voted.— It is stated that this city has voted so issue $35,000 bonds. & New New & Selma School T'ottd. — Tbls Fresao County, CaL— Bonds on May 13 voted to issue $40,000 5^ District, district 1-20 year (serial) building bonds. Sewickley, Pa.— Borid.s Authorizei.—It la stated that the B irough Council has passed an ordinance providing for the tesuanca of $5^,000 builciing bonds. Sht&mofein (Pa.) School District.— Bids.— Following are the bids received May 23 for the $84,<iOO 4% 5-30 year (optional) Donds awarded, as stated last week, to the G-aarantee Trust <fe Safe Deposit Co. of Shamokin : Guar Tr. & Safe Deposit Co.f84,7E6 00 Nat. Bank of Shamokin (for I Albert (;. Case, New Sork.... W4,655 20| $40,000) 140.250 84.504 00 Andrew W. Robertson (for 8. A. Kean, fihlcaeo Lamoreont Bros &oo..r;ieve. 84,»(i2 40 tl&,<iOO) 15.150 MacDonald. McCoy&Co.,Chl. 84,270 00 Bathlah Keed (for $3,<'00).... 6,102 Hayden, Mtller <s Co., Cleve. 84,067 00 J. W. Kramer (for t5on) BIO «.030 00 Geo. D. Francis T. Reed (for 16.000) elst (for tSOO) 803 00 I I i W I . 00 00 00 00 Sharpsborg (Pa) School District.— Bowd Election.— An election will be held Juae 12 to vote on the question of issuing $75,000 bonds. The present indebtedness of the district is $27,500. Asspssed valuation, $8,529,285. LOANS. NEV^MLOANS. SALE OF MUNICIPAL BONDS FOR THE LINE OF THE Cincinnati Southern Railway. Sealed proposals will be received at the oflBce of the Board of Trustees of the Cincinnati Southern Railway until 12 o'cocli Noon of MONDAY, THE 19TH DAY OF JUNE, lw05, for the purchase of 500 coupon bonds, each of the face value of $1,000, bearing 3^ per ceut interest, issued by the Board of Trustees of the Cincinnati Southern Railway. These bonds are isi-uad in accordance with and under the provisions of an act of the General Assembly of the Staie of Ohio, passed April 23, 1898 (93 O. L., 637), entitled " An act supplementary to an act relating to cities of the flrst class having a population exceeding one hundred and atty thousand inhabitants, passed May 4, 1869," (66 O. L,, ^0) and tbe resolution of the Board of Trustees of the Cincinnati Southern Railway passed the 24th day of April, 1905. The said bonds being one of a series of $500,000 each, issued, or to be issued, each year, for a period of flve(5i years, under the corporate seal of said city, tor money borrowed thereon in th6 aggregate not to exceed j2.600,000, autUtTized by the above act to be borrowed by said Board of Trustees as a tund for terminal facilities and permanent betterments for the line of railway of the Cincinnati Snuihern Railway— line of railway owned by the said City or Cincinnati and extending from said City to tbe City of Chatta nooga, in the state of Tennessee— and each bond is equally secured by a pledge of tbe faith of the said City of Cincinnati, and a tax in addition to all other taxes for municipal purposes which shall be annually levied by the Council or Board of Legislation of said City on the real and personal property returned on the grand levy sutficient to pay the interest and provide a sinking fund for their Uual redemption. The Trustees bave heretofore issued a manuscript bond to the am 'unt oi gSOJ.ooO, of date July 1, 1902, payable July 1, 196 and redeemable July 1, 1942, under authority conferred by said act of April 23, 18r8, which bond, on beini; olfered to the Trustees of the Sinking Fund of Cincinnati, Ohio, under the laws of said State, was taken and is now held by said Trustees of the Sinking Fund. The Trustees have also issued five hundred (50i)) bonds in the amount of one thousand ($1,OjO) dollars each, of date of Ju y l, lvi(i3, payable July 1, 1085, and redeetnaole July 1, 1h43, under authority conferred by said act of April 23, l89->, and which bonds on being advertised for sale under the statute in such cases made and provided, were sold as an entirety. The Trustees have also issued five hundred (500) bonds In the amount of one thousand (|l,000) dollars each, of date July 1, 10-4, payabe July I, 19o6, and redeem nble July 1, 1944, under authority conferred by said act of April 23, 1898, and which bonds on being advertised for sale under the statute in such cases made and provided, were sold as an entirety. Tne said bdnds are to be issued under date of July 1, 1905, and are payable on the flrst day of July,1965, at the American Exchange National Bank in New York City, with Inleesr, thereon at the rate of 3^ pei cent per annum, payable semi-annually on the flrst da?s of Janunryand July in each vear, upon the presentation and surrender, as ibey severally mature, of the interest coupons attached thereto payable both as to principal and interest in lawful money of the United States. Said bonds are redeemable at the option of the tlty of Cincinnati on the flrst day of July. A. D. 1H45 <>r at any time thereafter, upon pay meut of the principal and accrued interest; all of said bunds are to be signed by the President of the Board of Trustees f the Cincinnati Southern Railway, and attested by the Auditor of the City of Cincinnati, and registered in his office, and also to be recorded in tne oflice of the Trustees of the Sinking Fund of said , ; City. A certified check drawn on a national bank for the amount of 2 per cent of the amount bid. payable to the ordsr of the Board of Trustees of the Cincinnati Southern Railway, mu»t accooipany each bid. This check shall inure to the beneB? or the City upon the failure of the bidder to comply with the provisions of his bid or to take the bonds at the amount bid. No bids for less than par and accrued interest to the day of delivery of the bonds will be accepted; the bonds to be delivered to the buyer at the Third National Bank in the City of Cincinnati on any business day between the 1st day of July ai.d "tn day of July, 1905. Bidders must enclose their bids in sealed envelopes and deposit the same with the Secretary of the Board of Trustees of ttie Cii ciunatl Southern Railway at the oflice of the Trustees of the Cincinnati Southern Railway, lugalls Building, northeast corner Fourth and Vine streets, Cincinnati, Ohio, on or before tbe IWth day of June. 1S05, t '2 o'olook M., and such sealed envelopes mast have indorsed thereon the nature of the bid and tbe name an.1 address of the bidder. All bids must state the number of bonds bid for. Bids will be oueuel on Monday, the 19th day of June, 1P05, at 12 M. In the presence of the bidders, at the office of tne Board of Trustees of the Cincinnati Southern Railway. Bidders must use the printed forms furnished by the Secretary of the Board of Trustees of the Cincinnati Southern Railway, as none others may ba received. The board of Trustees of tne Cincinnati Southern Railway reserves the right to reject any or all bids. By direction of the Board of Trustees of the Cincinnati Southern Railway. JOHN R. SAYLER. President STANLEY FKRQUSON, Secretary Blodget, Merritt & Co , BANKERS, 16 Congress Street, Boston. 36NASi8AV STREET, NEW YORK. T (Westchester Couuty) REFUNDING! BONDS. The Common Council will, at the Lucas Building, the City of Mount Vernon, on the 1906, at 8 P. M.. receive sealed proposals for the purchase of flfty nine (59) Refunding Bonds of said City of Muunt Vernon, numbering consecutively as Issued from Two Hundred and Twenty seven to Two Hundred and Eightyfive (227 to 285) bothlnclu-ive, and the said Fiftynine (59) bonds will be sold to the highest bidder at a public sale to be held at taid time and place These are a series of bonds which are authorized to be issued under and pursuant to Chapter 114 of the laws of 19(5. Each bond will be for the principal sum of One Thousand ($1,000) Dollars, and will bear interest at the rale of fuur per centum per annum, payable semi-annnally at the office of the City Treasurer of the City of Mount Vernon. They will be dated .lune 1st, 1905. and payable as follows: $10,1 00 on the 1st day of June, 1916. .S'C.OOOonthelstday of June, 1917. |lo,"HiO on the Ist day of June. 1918. »10,0 :0 on the Ist day of June, 1919. $19,000 on the 1st day of June, 1820, The b^nds will be delivered to the purchaser on or before the 28th day of June, 1905. Each proposal must be accompanied by a certified check tor $l,fOO, as security for the performance of such bid, and as li()uldated damages in the event of the failure of the successful Didder to accept and pay for siid bonds. The said Comroon Council will at said time open such proposals as may be received and will award 'he bonds to the highest bidders, unless the said Common Council shall deem It to be tor the Interest o' the City to reject such bid. in which event the Common Council leserves the right to accept the bid or bids which it deem-* to be to tbe best interest of the City, or to reject all of said proposa'S. Bonds will be engraved under the supervision of nnd verifled as to their genuineness by the Doited States Mortgage & Trust Company, and their legality approved by J. m. Caldwell, Esq.. of New York .^iiy, whose opinion as to legality will be lurnlshed to tue purchaser. By Statute the bonds cannot be sold for less than par Mnd accrued interest. This notice Is published pursuant to a resolution of the Common Council of the Ctty of Mount Vernon ordering the same, and bearing date the 6th day of June. 1905. Dated Mt. Vernon, N. Y., June 7th, 1905. Depot Place, 20TH in DAY OF JUNM, EDWARD A. W. REYNOLDS. F. BRUSH, Mayor. City Clerk. POTTER, INVESTMENT BONDS. MUNICIPAL and onMnc SEND FOR LIST. CORPORATIOM OUIMUO. B. 172 Washington Street, CHICAGO, STATE, CITf & RAILROAD BONDS.; Oity of Mt. Vernon, N. Y., - - • LIST ON APFLICATION. II.LS. DENISON, PRIOR&CO. CLEVELAND. BOSTON. — — THE CHRONICLE. 2420 Shelby Connty, Tenn.— Bond Sale.— The $1,(00,000 4 per [YOL. LKXX. lage Cierk, for $12,000 judgment bends New Steele Coonty (P. 0. Owatosna), Minn.— Bond Sale.— April 17 the $2,500 4 per cent 10 year public-ditch bonds mentioned in V, 80, p. 1936, were awarded as follows at par : & On First Nat. Bank, Owatonna to 1922, inclusive. Nat. Farmers' Bank, Owatonna.. (P. O.Marion), Ta.- Bond Ofmtiflf.— Proposals will be received until 12 m., June 26, by B. F. Buchanan and Q. H. Fudge, Coirmissicners, for |50,C004^« court-house annually. Sterling, Kan. Denomination, $500. Smyth County offlcial notice of this will be found Department, Date, April 1 Strnthers Sav. I Hayes &, Sons., Cleve. Lamprecnt Bros.A Co., Cleve. J. . I | H4gh School Sarprise Tal9ey Union view. Ore , at 101 -50. Lakevlew A. Kean, J.J.Wells, S. * ' t8,l?0 *«.830 +8.140 tiicago Red Bluff of Securities are dated June bonds see V. 80, p. 1874. $25,000 i% school bonds 1, J. City will receive sealed pro- $90,000 Gold Coupon School Bonds in denominations of fl.OOO each, dated July 1, 1P05, payable $i.%oro on July 1, 1925, and |!5,&0'Jon pach subsequent July 1, until July 1, 19a0. Said bonds are without option, with interest at 4 rer cent per acnum, payable semi-annually at the HANOVER CiTY. Also $60,000 Gold Coupon Paving Bonds in denominations of $l,oon, dated Junel, 1905, matarine on June 1, 1925, without option, with interest at 4 per cent, payable seml-annnally at 'he VER NATIONAL BANK, NEW YORK HANO- ««, 1905, re»ervicg, however, the right to reject any or all bonds has beenapprrved by be made on or about July Indianapolis, June 7. 1P05, full particulars, HKSTON, Virginia, J. P. all bids. Address all commiinications to B. K KU( II A NAN, <J. II FCOl.I';, Commissioners. .Marion, ttiuytb Co., Va. i DUNN, City Controller. of OhattanooRa. jfi;ioo,ooo School District of Winnipeg Debentures for gale. Sealed tenders addressed to the Secretary Treasurer of the Winnipeg Public school Board and marked "Tender ff r School Debentures" will be received up OF JUNE, to 12 o'clock Noon on TUESDAY. 271 ot deben'ures of 19(5, for the purchase ot $100,0' the School District 111 Winnipeg No. 1, payable at the expiration of 30 years, with interest from the 1st of August. iV<()5. at the rate of 4 per centum per annum. I'rincipal a' il interest pavubleat :he office of the Winnipeg Public Sctiool Board or at any chartered U City of Decatur, Texas. Eouds Cjilled for 5?edemptfon. hereby made for Bonds Nos. 3 to 16, inclusive, of the City of Oecatur Street Improvement Bonds ot Decatur, Texas, said bonds to be presented to the Hanover National Bank of New York City for payment. Interest ceases on August 2d, 1005. Call is J. P. Coart House Bonds. Sealed bids will be received by the urdersigned up to lis c'coek, JUNK 2(iTM, inor,, for SSo.i'dO Court House bonds to be iHsued by smyth County, Va., under tliegenernl law. Honda to bear il4',i interest payab'e H«ciii-annually and to be dated July 1, 1905 and Dayiibleas foiiow« 812,600 at live years; tI2 0( o at ten years; $12.."joo at llfteen yenrc; and $12,^00 at twenty years, with privilege to pay nil at end ol nrteen years. Bonds to be in deniniinHlions ot |500. Bacn l)ld must be acct rapai led by a eertltled ctie< k icr I'/.ODo, OHTHble to Ciiairman Hoarri Hupervlsorfi, ^myth Connty. Checks ot i.nyuccessiul bidders to be returned ..nd that of Kiiccfvsful biddf r to be held tofociirc pavmenlof t.ondK. Hlnklnii mnd provided to pay bonds «t maturity. H\uht reserved to reject Sealed biJs will be received until noon, SATlor three hundred and per cent, semi-annual, BOld bonds of Chattanooga, Tenn., dated July 1, 1HC5, principal and interest pajable at National City Bank, New York City. Two hundred and seventyfive of said bonds will be denominated " School, Park, Stre^-t and Sewer Bonds of the City of Chattanooga of I'-O."*," anfi seventy five of said bonds will be denominated " Hiai land Park Improvement Bonds of the City of Chattnnooga of 1&05," and bids shall be made separately for tbe wo issues, or for either of said issues, bui may be enclosed within the same e ver. All proooswls must be accompanied by a certified check, payable to the o-der ot "The -Viayor of Chattancoga." for one per cent of the amount of bonds bid for. ihe same lo be forfeited if the bidder fails to accept and pay for bonds awarded. The successful bidder or bidders will be required to settle for the ponds at or before 18 o'clock M.. Saturday. July 1. The right to reject any and all bids Is reserved. Address all bids to URDAY. JUNK . 5, #so,ooo any and 3 & Co., GOLD BONDS. Mayor Notice is hereby given of the call of $45,000 of Indianapolis Funding Bonds, of Jan. 1. 1890, payable S»id bonds will Jan. 1, IfclO, and optional after 190 be paid on July 1, i805, at the office of Wlnsluw Lanier & Co. After that date interest will cease. Comptroller. Smyth County, On June Dd.y ALEX W. CHAM BLISS, 1905. A. M. L 24, 1905. fifty $1,000 thirty-year i}i INDIANAPOLIS, IND. hide. Dillon & Hubbard, of New York, whose certificate as to legality will accompany the bonds when delivered. Tbe bonds will be engraved under the super vision of and certified as to their geDuineness bv the I'nited Slates Mortgage & Trust Co., of New 454% BOND CALLS. CITY. Comptroller wi 1 receive bids for these hoods until twelve o'clock noon of will Bid IND., City of Chattsnocga, Tenn,, The City Controller of the City of Indianapolis. Indiana, will receive sealel bids until 1^ o'clock noon, on TUKSDAY, JUNE iO, 1905, for $45,00u ot Indianapolis Funding bonds of July 1, 19i 5. the same ben g authorized by general ordinance No. 41, of June?. 1905. The bonds are of $1,000 each. Nf'N-TAXABLE, bearing 3^ per cent interest, payable semi-annually Jan. 1 and July 1; tboy are dated July 1, 19u5, and payable July 1, i925; and the first coupon on the above $15,000 will cover Interest from July 1, 1W06, to Jan. 1. 190B. No bid ot less than par will be accepted. The right is reserved to reject any or all bids, or to accept p(,rts ot different bids. ISach bid must be accompanied by a certiHed check on an Indianapolis bank, payable to Oliver P. Eufley, City Treasurer, or a sum equal to 2h per cent of the par value ol bonds bid tor. Further particulars or Information desired may be had by addressing the undersign d. J. P. LUNN, City Controller. ity Blank forms of proposal, living will be furnished on application to + For further description were awarded REFUNDING BONDS. City of Atlantic City, N. York. Delivery of bonds 1905. to R. Following are the bids : BoB'on, at 103'197. INDIANAPOLIS, of the legality of these First Nat. BauE, Alturas S^3S0,000 $60,000 PaTlDg Bonds The i NE\AM^^OANS. and NATIONAL BANK, NEW YORK $8,C90 8,C80 8,051 Bid rejected, said to be conditional; also no check, as required. .000 Sihool Hcnse Bonds MONDAY, JUNE Bcrnley, Paineeville Washoe County Bank, Reno conditional. 8pm, < Wm. Tiverton, Newport Connty, R. I.— Bond Sale.- LOANS. Modoe Following are the bids: First Nat. Bank. SprlifgTlife, N. T. Jtiond r^^eriwg.— Proposals will be reto-day (June 10), by Ira W. Smith, Vilceived until The District, Cal.— ^owd Hale.-Oa May 31 the |8 0(0 8 per cent bonds maturing $1,000 yearly on Jan 1 from 19* 6 to 1913, inclusive, were awarded to the First National Bank of LakeConistj, M, Rayson of Orangeburg. A tiantic Interest semi- 17, 1905. $36,050 00 P. S. Brlsres 4Co..Clnctn.... $35.710 00 & Co.. Cieve & BankicR Co. 38.000 00 New 1st Nat. B'k, Columbus.. 35.eia 50 35,8S0 oo Sensoneood & Mayer, Clnoln. a6,575 00 36,425 00 35,864 60 Spltzer & Co., Toledo F.L. Puller W. & The City of posals for Security State Bank, 0watoniia...$500 Security St.te Bank, Ellendale.... 500 & Spangler, Va.— Bonds Voted.— This place recently, by a vote of 94 to 35, auihoriztd the issuance of $10,000 street improvement bonds. Spokane County (P. 0. Spokane), Wash.— i?owd Sale,— This countv on April 18 awarded at par and interest to the State of WashiDgton an issue of PO.OOO 4% 10-20-year (optioEal) armorv bonds. These are the same bonds awarded Co. of Chicago, but which last January to N W. Harris were eube? quf ntly refused by that firm. Sprirgflt^ld (S. C«ro.) School Bistriet.— Bonds Authort«ea.— Tbe iesuence of ?8,000 school bonds has been authorized. These bonds, we are advJsed, ^ill be sold through T, NEW I Strnthers School District, Mahoney Toanty, Ohio.— Bond Sale.— On June 5 the |35 f 00 i}4 P^r cent h'ghschool-building bonds described in V. 80, p. 1938, were awarded to F. L. Fuller Co., Cleveland, at 103 and accrued interest. Following are the bids: bond offering the advertisements elsewhere in this I 600 tion. Supervisors, required. The 81,000 Bonds Fofed.—This city recently voted to issue $5,0u0 bonds to put in a new pump and o'herwise improve the city water- works plant. One hundred and fortyfour votes were cast in favor of and five against the proposi- bonds. Denomination, $500. Date, July 1, 1905. Interest, semi-annual. Maturity, $12,500 in five, $12,500 In ten, $12,500 in fifteen and $12,500 in twenty years after date, with privilege to pay all the bonds at the end of fifteen years. Certified check for |2,CO0, payable to the Chairman of Board of amono at not exceeding i% interest. Denomination, |1,0C0. Date, July 1, 1905. Icterest semi-annually at tbe Seaboard National Bank, York City. Maturity, $1,000 yearly from July 1, 1907, to July 1, 1918, icclnsive, Certified check for 2% of amount bid, payable to village of Springville, required. Authority for issue, Chapter 414, Laws 1897, and Acts amendatory thereto. cent 50-year coupon ccurt-bonse bonds described in V. 80, p. 2236, were awarded on June 5 to the Memphis Trust Co. at 101 03 and interest, provided $500,000 be left on deposit at ?i^ per cent interest and not to be withdrawn until the first $600,000 has been used in construction. Shellsbnrg, Iowa— Bonci Sale.— On May 11 the $4,000 5 per cent water-plant bonds voted March 27 (see V. 80, p. Co.. Davenport, 1499) were awarded to Geo. M. Bechtel Date, June 1, 1905. Interest, at par. Denomination, $250. semi-annual. Maturity, $250 yearly on June 1 from 1907 HAYTKR, Mayor Attest: R.L.THOMPSON, Wall Street, New York. New 1 STKWAHT MULVKY, HUBBARD, Chainuan Finance Committee. BANKERS, , 217 La Salle Street, Chicago. \ } New York Stock Exchange, Philadelphia Stock Exchange. BONDS FOR Mcinbern York Stock Excliniigo. RAILROAD AND STREET RAILWAY ei^. Sec'y Treasurer Wtiiulpen Public Sihool Board. Co., BANKERS, 7 Winnii ERVIN & COMPANY, City Secretary and Treas. & ill Delivery to be made and money to be paid at \\ Innipeg Payment to be made in gold or lis equivalent. The tigbest or any teudcrnot nececsanly accepted. Any itformation desired may be obtained by addressing the Secretary- re.-isurer V. C. City of Decatur, Tex. King, Hodenpyl bank RnMnQ P^'^I^O- . 43 Exchange Place, New York. i:^VEST]?IEWT. Crexel Building, Philadelphia. : June : 103-197 1(j3 625 I Jose, Parker & 1499. Vigo Contty (P. 0. Terre Hante), Ind.— Send O^ering,— Proposals will be received until 2 p m., July 12, by Jerome W. Denchie, County Auditor, for |l 25,000 i% funding bonds. Denomination, |l,CO0. Interest, 8emi-«nDually, Jan. 1 and July 1 at the Central Trust Co., New York City, or at any place in the United States to suit purchaser. Matnrity, $5,r00 each six months from Jan. 1, 1912, to Jan. 1, 1924, ten bends each six months, beginning March 3, 19C6. Accrued interest to be paid by purchaser. Certified check for 5% of the par value of bonds, drawn on some national bank in Toledo, payable to the City Auditor, required. Topeka(RaD.) School District.— Bond Sale.- On May 3 the |78,50U 4? echool bonds mentioned in V. 80, 1439, were awarded to MaeDonald, MoCoy Co. of Chicago at par and Denomination, $1,0C0. Date, May 1, 1905. Ininterest. terest semi-annually at the State Fiscal Agency in New York City. Maturity, M^y 1, 1925. Traverse City, Mich.— Bends Voted,—This city recently voted to issue $50,000 bonds for parks and public improvements. Trinidad, Colo —Proprsed Refunding.— B.. B, Brown, Mayor, and Alex, Sneddon, City Clerk, recently Issued a circular requesting holders of certain city bends to submit in writing the amount of bonds, with accrued interest thereon, which they are willing to exchange at par for new refundare advised under date of Msy 27 that no ing securities. cflfer had been received cp to that date. The bonds involved are as follows inclusive. Authority for Issue, Acts 1899, page 343, Section 40. ViSftlia School District, Cal.— Bond Eleceion, —The question of iesuing $15,000 echool-atJdition bonds will be voted on at an election to be held June 10. Wfilie County (P. 0. Raleigh), N, C.-Bond Sale.- On June 5 the $33,000 5% 30year coupon funding bonds described in V. 80, p. 1986, were awarded io Seasoiogocd Mayer, Cincinnati, for $36,906 75 and accrued interest. Following are the bids Seasongrood & Mayer. Cin.... $36,906 75 Union Sav. Bk. & Tr. Co., Cln.$35,8C5 00 Albert C. Case, New Vork... H6.531 00 Well, Rotn iCo. Cinoln 35,805 00 Farson. Leacd & Co., Chic. 38,333 00 IloehleriCuromings. Toledo 35,7tt7 50 & & . . . Denison, Prior & Co., Cleve38,333 00 land and Boston 36.202 3a N. W. Harris & Co.. N.Y F.M. StaSordA Co.,Chjit'nVa. b5,808 30 We H. Coffin, 36,377 00 34.600 00 Chicago 24,32100 —This Discoimt. Blaise Bros. & Co., Boston Jackson & Curtis, Boston Brown Bros. & Co. , Boston 3"14S 3 1(>!C 3-16% 3-iait 3*20S Loan matures Dec. 8, 1905. Warren(BoroBgh), Pa.— SondSaZe." On May 13 |25,C00 i% sewer and fire-depaitment bonds were awarded Lamprecht Bros & Co., Cleveland, at 105'47. FoUowiKg are the tr,> bids Lamprecht Bros.A Co..Cleve.t'36.867 60 W. J. Haves & Sons, Cleve.. .$25,481 00 26,143 50 Warren Wat^r Co Warren. 25,480 89 F. A. Hall, Warren, Pa Hayden, MHier A Co., Cleve. 26.oa7 76 Lawrence Barnum&Co.,N.Y. 25,312 35 , Kansas of Glassport, ImproTemei TAX FREE BONDS. Sealed proposals will be received by the undersigced— the Mayor and the Ciiy Comptroller of Kan- i 1912, 1914, 1916. 1918, 11-19, 1921, lH2a. 1923, and $1,000 in the years 925 to 1934. both icclusive. Bonds will be In the decomlnaiion of tl,000,with seml-annuaUuterest coupons, and with privilege of registration as to principal. Both principal and Interest payaole at the office of the United Stutes Mortgage & Trust Compary of 55 Cedar Street, New York rity. or at the Glasspnrt Natioi al Bank, Glassport. Pa., at the option f the purchaser. Bonds will < be prepared br Archibald W. Powell. Esq., Pittsburgh, Pa., will be engraved under the supeivislon of and certified as to their genuineress by the United States Mortgage & Trust Company, and their legality approved by John G. Johnson, Esq., of Philadelphta, whose opinion, or duplicate thereof, will be delivered to the purchaser. Each bid must be accompanied by a certified check on a Natlinal Bank or Trust coaipany forHper cent of the amount of the bond" bid for, payable to the School District of the Borough of dlussport. Bids will be opened at the office of the District Treasurer. Bank Buildii g, Giassoort. Pa. The right For furl per is reserved to reject, any or all bids. particulars and form of bid addrees A.W. Powell, Esq.. >-olicitor for the Board, 71 St. Nicholas Building, Pittsburgh, Pa. Financial Statement. $2,480,860 00 $;5,702 24 None Otberdebt Total debt .... ....$10,4«9E4 Cash on hand, all funds 7^0 00 Due from Port Vue S. Dlst $75,702 24 Net debt Value grounds and $64,492 70 sas City, Missouri— until JUNE 19, 19(5, at two o'clock P. M., for the purchase of all or any part of $150,000 four per cent Park and Boulevard Improvement Coupon Bonds of the city of Kansas Olty. Missouri. Bonds to be of the denomination of |1,C00 each, to be dated January 1, 1904, and to mature January 1, 1924. Interest payable semi-annually. Principal 'and interest payable at the office of the City Treasurer of Kansas City, Missouri, In Kansas City, Missouri, or at the Oriental Bank in the City and State of New York, »t the option of the holder. The legality of the bonds will be approved by Messrs. Dillon & Hubbard, of New York, whose opinion as to the legality, or duolicate thereof, will be delivered to the purchaser or purchasers of said bonds. Each bid must be made on a blank form furnished by the Citv, and mu-t be accompanied by a duly certified check on a national bank doin4; business in Kansas Cliy, Mlssour, payable to the order of the City Comptroller of Kansas City, Missouri, for two per cent of the par value of the bonds bid lor. The right is reserved to reject any or all bids. Delivery of the bonds will be made on July 1, 19^5, at eleven o'clock A. M at the office of the City Comptroller of Kansas Cliy. in Kansas City, Missouri. Bids will be received at the office nf the Mayor of Kansas City. Missouri, in theCItT Hall in said ritv, but no bid will be eni itied to consideration unlpss received by cr betore the hour above let for . receiving bids. Printed circulars containirg more definite and detailed information with reference to said bonds, and blank forms for bids, c-n be had on application to the City Comptroller of Kansas City, Missouri, or to Messrs. Dillon & Hubbard of New York, BANKERS, Ist South Front Street, Memphis, Tenn. The right is reserved to reject any and W. all bids. GILL, A. G. KI.MB ROUGH, F. WALTER GOODMAN, I'ommissloners. H. W. NOBLE S COMPANY, Penobscot Bldq., Land-Title Bldq., Detroit. Philadelphia. MUNICIPAL AND PUBLIC SERVICE BONDS. PUBLIC SERVICE CORPORATION BOSTON, CHICAGO, Nat. Bank Bldg. 60 State H. C. Speer Nat Bank 8c Company Fnilding, Chicago. COUNTY AND TOWNSHIP CITY AND BONDS Street. Katabll8h<rd 1»S3. First and Tirre Deposits ; IVIUNICiPAL MUNICIPAL, RAILROAD and YORK. ; GUS t^EARSON, Comptroller of Kansas City, Missonii. Rudolph Kleybolte&Co. STREET RAILWAY Sealed bids will be received up to 12 o'clock noon THE lath DAY OF JUNE, 1905, for $100,000 00 of non-callable bonds, to be Issued by Shelby County, Tennessee. Said bonds are to be issued under the authority of an Act passed at the 1905 session of the Tennessee Legislature. Said bonds will bear the date of July 1st, 1905, and to become due and payable twenty years after date, and will bear Interest from date at tfce rate of four per cent per annum, payable semi-annually, and evidenced by coupons the bonds and coupons payable in Memphis and New York. A sinking Fund will be provided to pay the bonds at maturity, and a tax levied to pay the coupons, as required in the said Act of the Legislature. Said bonds to be issued in denominations as follows 100 $100 bonds. 50 $500 bonds. 65 $1,000 bonds. Each bid must be accompanied by a certified check for 5 per cent of the amount of the bid checks of unsuccessful bidders to be returned, and check of successful bidder to be held to secure his payment for the bonds. All bidsinustbe sealed and addressed to Walter Goodman, Commissioner, office No, 20 on MOiNDAY, H. NEFK. Mayor of Kansas City, Missouri. Trowbridge & Niver Co. DIALERS IN Emergency Levee Bondg. JAY 11,809 54 buildings.. §50,8"0 00 4,000 Population in 1905 SHELBY COUNTY, TENN., t Bonds. Pealed proposnis will be i-ece'ved by the undersigned until 7:30 P.M., MOMDAF, JUNE 19TH, 1905, for the purchase of $20,000 4!^ per cent coupon, tax-free, bonds of theS' h f 1 District of he Boroush of Glassp rf, in the County of Allegheny, Pennsylvaiiia. Bonds will be dated .July 1. 19' 5, and mature serially as follows: $1,0' in the yea-s ly08, 1910, BONDS. 27-29 PINE STREET, NEW City, Missouri, Pjirk and Bonlevard In the County of Allegheny, Pa., LOANS- #100,000 00 ^1 ^o,ooo SCHOOL DISTRICT OF THE Assessed Valuation Bonded debt (including this issue) NEW NEW LOAN LOANS. Interest Paid on Daily C. (fl premium) — #so,ooo 4'/i% Tolman & Tupper Bond & Goodwin, Boston hiciticn. Borough Co., Asbeville. 36,(575 00 Discount. Loricg, Uvalde i onotj, Tex .—Bonds Registered and Sold, The State Comptrolic-r en Msy 29 registered |1,500 4 per cert cturt-bt use-repair boad s of thfs county bearing date of April Maturity, 40 years, optional after 5 years, These 10, 1905. bonds were purchased at par on the same day by the State NEW Webb & & proposed new issues carry 4J^5? interest", payable semi-sBDnally in gold, Matnrity, 20 year?, subject to call E A. vv. J Hayes 4 Sons. Cleve.. W. R.Todd ACo., Cincinnati. city recently borrowed $60,000 in anticipation of the eolleclion of taxes Tupper of Boston at 3'M percent from LorlEg, Tolman discouct at d $1 premium. The following bids were receivei? The Board of C. WaUliam, Mms.— Temporary Loan. $35,C00 refunding bonds of 1889. Series "A " Denomination, 11.000. 18,000 refuDdirg bonds of ls»l*. Herles "B." Denomination, Jl.OCO. 89,C00 refunding building and bridge bonds of lb9w. Denomination, |1,000. years. 2421 — $110,656 35 i% coapon Front Street improvement bonds mentioned In last week's Chronicle, Denomination, $1.1C6 except one bond for $1,162 35. Date, Dec. 3, 1903. Interest semi-annually at the office of the City Treasurer. Maturity, 1 : YalHtie, CM. Y.— Bonds Fored.— This village recently voted to if'sne $1,500 bridge bonds. VerdOH, Minn.— fionds Not Sold. No bids were received May 1 for the |1,000 10-year road bonds described in V. 80, p. Co.. Boston..... 101-49 1 Date, Jnly 1, 1905. Maturity, Jnly 1, 1930. Toledo, Ohio.— Bond 0#erinflf.— Proposals will be received nntil 7:30 p. M., Jnly 5. by R. G. Bacon, City Auditor, for the after : THE CHRONICLE. 10, 1905.] B. L. Day & Co.. Boston W. J. Hayes & Sons, Cleve. : BONDS. ^w^w MUNICIPAL AND RAILROAD BONDS. LIST ON APPLICATION. SEASONGOOD & MAYER, inercantile Library Building, CINCINNATI. — a , THE CHRONICLE. 2422 Date, May 1, 1905. Interest, semiMaturity, May 1, 1935. Warren County (P. 0. Williamsport), lai.— Bond Sale.— Followirg are the bids received on June 5 for the $30,0.0 A% coupon bridge bonds described in V. 80, p. 1753. K. D. Bush & Co., Ind'apoUs $30,9^5 50 Meyer & Klser, Indianapolis $30,525 00 J F. Wild * Co.. Ind'»poll8.. 80,878 00 N. W. Harris & Co.. Chicago. 80.40!J 00 $15,000 ''i pewer of N. W. Harris DeDominatioD, $1,000. annual. . . about M. Campbell 4^0.. Warren Co, Bk., WlUlamsp't. 30,628 00 I I 30.39S 00 Well. Roth & Co., Clncin VV. R. Todd & Co.. Cinoin.... 80,000 OO MilTrnnkee Coanty. May Wis— Bond 24 for the $60,< 0!) 5« , 80, p. 1989, was that of Chicago, at 108 '70 —a basis of 4'174«. 10, 1905. A Jme & D & D — — Z inesTille, Ohio.— Bonds Authorized. The City Council has passed an ordinance authorizing the issutnee of $10,000 ii water bonds. Denomination, $1,000. Dute, July 1, 1905. Interest, semi-annual. Maturity, July 1, 1915. /Sate.— The water and the INVESTMENTS. & Co. Winehi'Ster, Mass.— Bond Sale.— On June 2 an issue of $15,000 3}4% school bonds was awarded to G^o. Fernald Co.. Boston, at ICO 06, Danominatlon, $1,000. Ate, April Interest, semi-annual, Maturity, $1,000 yearly on 1, 1905. Oct. 1 from 1906 to 1920, inclusive. WinooBhl, Yi,—Bond tale. -Oa 2 $40,000 4;^ waterworks bonds were awarded to Faraon, L«ach C >., New York City. Denomination, $1,000. D^te, July 1, 1905. Interest semi-annually at Winooski. M-»tnrity, $2 000 yearly on July 1 from 1915 to 1934, inclusive. William8pi>rt, Pa.— Bonds Voted.— At an election held in this city May 9, 1,005 votes were cast in favor of and 855 against a proposition to issue $50,000 street-improvement bonds. tte of sale and other derails not yet determined. Wo«d County (P. 0. Parhersburg), W. Va-Bowds DeThe election May 18 resulted In the defeat of the feated. propositions to issue $80,000 refunding, $120,0[)0 court-house and $150 000 road-Improvement bonds. Yates School District No. 3, Orleans County, N. Y.— Bond Oj^ertnp.— Proposals will be received until 8 P. M.. June 20, by Dr. Charles E. Fairman, Preeiient Bjard of Education, P. O. Lyndonville, for from $12,000 to $15,0!t0 A% school bonds. Denomination, |1,000. Date, Aug. 1, 1903. Interest annually at Union Bank of Medina, N. Y. Maturity, $1,000 yearly on Aug. 1 from 1906 to 1917, inclusive. Certified check (or cash) for $500, payable to the Treasurer of the Uaion Free School District No. 8 of the tawn of Yates, reqaired, 8pm, Allis, bonds described in V. refunding bonds dated April H West yyt. H WasUlBgton, N. €. Bonds Voted.— Oa May 2 this town voted to issue |7,003 scbool-building bonds. Washington, Pa.— Bond 8ale.-0a May 15 the $50,000 funding bonds of this borough described in V. 80. p. 1936, were awarded to C. S. Ritchie of Washington at 101 555— basis of about 8 80ii. Mr. Ritchie, although Caphier of the First National Bank of Washington, did not; purchase the bonds for that institution (as has been stated in some papers) but on bis own personal account. Tfashoe Countj (P. 0. Beno), Jiier.— Bonds Autnorized.— The County Commissioners have authorized the issuance of $60,000 bridge-building and repair bonds. W»yne6boro, Pa.—Bond O^ertng.— Proposals for the |9,000 funding and |11,000 improvement i% conpsn bonds mentioned in V. 80, p 1258, will be received until June 15, by Samuel C. Plank, Secretary Town Council. DaDue, July 1, 1905. Interest semi- innomination, $1,000 nually at the Bank of Waynesboro. Maturity, July 1, 1935, subject to call $5,000 after ten years, $5,0t0 after fifteen years, $5,000 after twenty years and $5,000 after 25 years. Bonds are tax exempt. Certified check on a State or national batik for 5% oi the amount of bonds bid for, payable to T. S. Cunningham, Borough Treasurer, required. Bids must be upon the blanks prepared by the borough. Purchasers are to furnish blank bonds. Banded debt, Including this issue, $76,500. Assessed valuation, $1,574,803. Weedsport, N. Y.— Bonds Authorized.— T tie issuance of We are advised $4,000 judgment bonds has been authorized. that thesef bonds will probably be sold at private sale. Wellesley, SL&ab.— Temporary Loan.— Ttxis town has borrowed $10,0)0 for six months from Bond & Goodwin of Boston at 8*20 per cent. highest bid received t. proposition to issue $70,000 street grading and paving bonds was authorized by a vote of 90 in favor of to 48 against. Date of sale and other details not yet determin«=d. Wichita Palls, Tex.—Bands Regifttered.-Oa May 23 the State Comptroller registered $1,000 10 40-y6ar (optional) . Iud'118. 30.027 00 Vol. West Homestead, Pa.— Bonds Voted.— Oa May 18 the I B I TRUST COMPANIES. SSCELLANEOUS. '''i^k.T $9,500,000 Interstate Securities Co* HANOVER BANK 5 Nassau Street, andTRUST company BLDG., New 146 Broadway, New York. 175 Bemsen Street, Brooklyn. M'fn Branch, 198 Montague St., Br'klyn. MANILA SISAL AND JUTE York. CORDAGE. Capital paid in, - guarantee The American Mfg. Co. Title $250,000 65 Wall New Street, York. Examines & guarantees Real JEstate Titl«*. Iioana Money on Bond and Mortgage* X'uraialies Mortgages to Investors, Beeeivea Deposits subject to clieck, allotcing Interest, Negotiates Entire Issues of Steam and Electric Does all Trust Railway and Municipal FULTON & CO F. R. BONDS. Company business, TRUSTEES: Jolui Jacob Aster, Ert ward T. Bedford, , MunicJDal Bonds, CORRESPONDENCE INVITED. 171 LA SALLE STREET, Charles S. Brown, Julien T. Davies, William J. Easton, Charles B. Henderson, Benjamin D. Hicks, John D. Hicks, William M. Ingxaham, Angnstns D. Martm CHICAGO. Joiliiaxd, Joost, John S. Kennedy, Woodbury Liangdon, James D. Ziynch, Edgar L. Marston, WiHiam J. MatliegoB, Charles Matlack, "William H. NicUolfl, James H. Oliphant. Robert Olyphant, Alexander E. Orr, Charles A. Peabooy, Frederick Potter, Charles Blohaxdson, Elihu Root, Saiilord H. Steele, Ellis D. Williams, Windnmller. liOUifl CLARENCE H. KELSEY, Fi-esidenU Perry, Coffin & Burr, MacDonald, McOoy & Co FRANK BAIIJEY, Vice-FresidenU EDWARD Manager O. STANLEY, 2d Vice- President. Bankiug Department. CLINTON INVESTMENT BONDS. MUNICIPAL HIGH GRADE INVESTMENT BONDS NO STOCKS CORRESPONDENCE SOLICITED Municipal & Q ecurities u Conapany Corporation OF PITTSBURGH. PA. Paid up Capital $aoo,ooo.oo CORPORATION D. WRAY BURDICIi, 3d Vice-Prea. CLEVELAND, Secretary. FRANK L. SNIFFEN, Mgr. ftUgrs' Branch. BONDS. 60 State Street, BOSTON. AND J. 171 La IW'HITING'S Salle Street, Chicago. PAPERS. MUNICIPAL AND PUBLIC FRANCHISE CORPORATION BONDS Boufflit unit Sold. W. J. HAYES & SONS, <:1.IKVKI.AND, OlllU. BOHTON. MAHH. BONDS sfS^K CERTIFICATES Handsomely euKraved; stool i>late eflect. Also, the cheuper klnU, parlly ULlioKraphod and partly prlnlod from type. 100 CortiUoates, $8.26 to J25; the latter eiKraved, with stefl pla'e bDrders eleiiant. Seal Press, «1 50; beiter flnisbod, f!2. B. & CO., 206 Broadway, N.T. Kntravora and LlthoKraphers. (Telepiione.) — ALBERT For BuHlnesa Correiipondence, own hand, or are UNEQUAIiKD. Their quality iB asBnred and they have won highest honors at all the (jreat World's Fairs. For high grade writing papers of all kinds, for bond papers, and for ledger papers, Insist on having them made by the Whether for letter written with your ttylthe typewriter, WHITING PAPER COMPANY, UOLYOKE. KING Naw York. ItlASS. Philadelphia. Chicaco.