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.

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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

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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

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:

:

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,

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:

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:

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

&

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:

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

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&

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

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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*

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[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
/
.

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June

a

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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

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i

W

I

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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.