Full text of Commercial and Financial Chronicle : June 12, 1909, Vol. 88, No. 2294

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IN C L U D I N G
Bank & Quotation Section
Railway Earnings Section

Railway & Industrial Section
Bankers’ Convention Section

SATURDAY, JUNE 12 1909.

VOL. 88 .
3£Tue

1908.

T e r m s o f S u b s c r ip t io n — P a y a b le in A d v a n c e
For Ono Year...................................................................................
For Six Months................................................................................
European Subscription (including postage)................................. ... 13
European Subscription six months (including postage).............. ... 7
Annual Subscription in London (including postage)................... ... £2
Six Months Subscription in London (including postage)............ ... £1
Canadian Subscription (including postage).................................. „ .$ U

00
00
00
50
14 s.
11s.
50

S u bscrip tion in c lu d es folloivin rj S u p p lem e n ts—

B \NK AND QUOTATION (monthly)
Statu and City (semi-annually)
R ailway and industrial (quarterly) Electric R ailway (8 times yearly)
RAILWAY EARNINGS (monthly)
B ankers' Convention (yearly)
T e rm s o f A d v e r tis in g — P e r In c h S p a c e
Transient matter per inch space (14 agate lines)................................... $4 20
Two Months
(8 times)....................... 22 00
Three Months (18 times)....................... 20 00
Standing Business Cards
Six Months
(20 times)....................... 50 00
Twelve Months (52 times)....................... 87 00
CirrCAOO OFFICE—P. Bartlett,513 MonadnockBlock; Tel. Harrison 4012.
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
W I L L I A M II. D A N A C O M P A N Y , P u b l i s h e r * ,
1*. O. B ox 0 5 8 .
F ro n t, P in e an d D cp e y ste r S ts ., N ew Y o r k .
Published every Saturday morning by W ILLIA M B. DANA COMPANY
William B. Dana, President; Jacob Seibert Jr., Vlce-Pres. amt Sec.; Arnold
G. Dana, Troas. Addresses of all, Office of the OOlnpany.
C L E A R I N G -H O U S E R E T U R N S .

The following table, made up by telegraph, &c., indicates
that the total bank clearings of all clearing houses of the U. S.
for week end. June 12 have been .$3,498,776,188, against $ 2 ,­
916,631,280 last week and $2,119,714,286 the week last year.
Clearings—Returns bg Telegraph June 12

1909.

1908.

New York — ...................................... $1,916,976,584
Boston.................................................
127,697,233
Philadelphia........................................
108,597,545
Baltimore...........................................
22,528,035
Chicago ....................................... .......
229,174,852
St. Louis______________ _______ ___
53,955,023
New Orleans.................................... .
9,349,657

$977,936,590
110,723,854
86,104,773
19,106,807
183,777,127
48,875,336
10,817,898

%
+96.1
•+-15.4
+ 26.1
+ 17.9
+24.7
+ 10.4
— 13.6

Seven cities, 5 days______________
Other cities, 5 days.............................

$2,468,278,929
450,279,618

$1,437,342,385
339,016,478

+71.7
+32.8

Total all cities, 5 days......................
All cities, 1 day.............................. .....

$2,918,558,547
580,217,641

$1,776,358,863
343,355,423

+64.3
+ 68.9

Total all cities for week........... ........

$3,498,776,188

$2,119,714,286

+65.1

The full details for the week covered by the above will be
given next Saturday. W e cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week has
to be in all cases estimated, as we go to press Friday night.
W e present below detailed figures for the week ending with
Saturday noon, June 5, for four years.
at—

Week ending June

1908.

Inc. or
n ee.

5.
1907.

$
$
New York......... 1,825,494,066 1,726,218.489 f t■5.7 ,635.016,
,732,598,786
Philadelphia___ 135,154,606 134,756.380 +0.3 148,548,
146,377,842
Pittsburgh.........
39,837,468
43,908,321 —9.3
57,953,
51,102,972
Haiti more.........
25.361.040
26,241,399 —3.4
30,761,
2,8,364,168
Buffalo...............
7,659,733
7,202,805 + 6.3
9,417,
8,053,889
Washington___
7,359,605
7,644,095 —3.7
7,626,
7,216,014
Albany________
4,970,379
6,060,926 —18.0
7,303,
5,102,282
Rochester_____
6,617,031
5,056,730 +30.9
4,550,
4,084,564
Syracuse...........
2,026,671 + 15.6
2,344,951
2,429,
1,711,193
Scranton______
2,514,693
2,442,964 +3.0
2,393,
2,000,000
Reading ...........
1,256,652 + 6.2
1,334.123
1,419,
1,171,744
Wilmington........
1,419.766
1,326,588 + 7.0
1,454,
1,182,210
Wilkes-Barre__
1.219.840
1.082,296 + 12.7
1,339,
1,124,779
Wheeling .........
1,847,663
1,665,994 + 10.9
1,057,
949,321
Harrisburg........
1,144,509
1,194,562 —4.2
1.279,
824,189
Y o rk ................
827,316
864,064 —4.3
Trenton --------1,325,610
1,270,778 + 4.3
Erie..................
657,399
643,533 +2.2
680,480
539,080
Grccnsburg........
624,312
486,058 + 28.4
526,433
685,246
495,486
Chester .............
485,953 +2.0
567,259
548,209
370,800
Binghamton----433,700 — 14.5
598,900
515,800
358,328
Altoona_______
398,483 — 10.1
240,000
Franklin...........
292,006 —17.8
319,947
278^049
Total Middle- 2,069,178,724 1,972,959,447
+3.4 1,915,247,628 1,994,430,337
Boston ............. 138,836.969 157,742,378 —11.4 168,192,295 151,918,466
8,896,900
Providence____
6,588,800 +35.1
7,354,000
6,936,300
4,131,639
Hartford...........
3,555,065 + 16.2
4,150,719
3,480,674
2,735,629
New Haven____
2,581,805 + 6.0
2,607,633
2,355,359
1,800,000
Springfield_____
1,750,000 + 2.9
2.179.402
1,877,028
1,550.584
Portland...........
1,884,435 —17.7
2.101.402
2,052,930
Worcester.........
1,566,739
1,422,548 + 10.1
1,643,708
1,270,100
Fall River_____
906,777
966,450 —6.2
1,050,885
847,454
836,163
New Bedford__
844,937 —1.0
876,930
579,073
Lowell________
441,912
489,671 —9.8
568,850
567,818
Holyoke.............
481.757
479,148 + 0.5
582,301
507,337
Total New Eng. 162,185,069 178,305,237 —9.0 191,308,884 172,422.539




NO. 2294.
Week ending June 5.

Clearings at—

© lir c m itlo .

PUBLISHED WEEKLY.

Clearings

Electric Railway Section
State and City Section

Chicago...........
Cincinnati........
Cleveland____
Detroit......... .....
Milwaukee___
Indianapolis__
Columbus.........
Toledo________
Peoria...........
GrandRapids___
Dayton_______
Evansville . .
Kalamazoo____
Springfield, 111
Youngstown___
Fort Wayne___
Akron_____
Canton_____
Lexington__
Springfield, Ohio
Bloomington__
Decatur ..........
South Bend___
Rockford ____
Danville.............
Mansfield______
Jackson_______
Jacksonville, 111.
Ann Arbor_____
Adrian .............
Tot. Mid.West
San Francisco__
Los Angeles____
Seattle _______
Portland...........
Spokane.............
Salt Lake City . .
Tacoma .............
Oakland.............
Helena.... ........
Sacramento____
San Diego .........
Fargo ...............
Sioux Falls........
San Jose.............
Fresno ...............
Stockton.........
North Yakima ..
Billings...........
Total Pacific.
Kansas City___
Minneapolis........
Omaha..........
St. Paul........
Denver_____
St. Joseph___
Des Moines..
Sioux City__
Lincoln ____
Wichita.............
Davenport__
Topeka ........
Cedar Rapids . .
Colorado Springs
Pueblo ........
Fremont___
Duluth.........
Tot. oth.West.
St. Louis...........
New Orleans___
Louisville_____
Houston______
Galveston_____
Richmond ........
Atlanta_______
Memphis
Memphis_______
Fort Worth ___
Nashville..........
Savannah___ j.
Norfolk_______
Birmingham___
Jacksonville___
Knoxville.........
Chattanooga__
Oklahoma .........
Mobile...............
Little Rock____
Augusta_______
Charleston_____
Austin...............
Macon ...............
Beaumont ........
Vicksburg_____

258.466,267
23,502,950
13,950,900
12,800,000
10,361,885
7,061,631
5.000.
3,105,370
2,566,690
2,219,197
1,763.710
1,667,656
1,171,614
1,037,898
1.000.
876,022
565.000
731,693
652,429
379,986
500,968
452,025
492,573
596,421
570.000
370,312
297,749
250.000
290,475
200.000
25,700

242.041,644
23,086,400
12,114,740
13,438,528
11,103,919
8,042,309
000
5,185,300
2,791,823
2,534,869
2,253.611
1,538,354
1,816,323
982,764
830,908
849694,102
1,185,544
500.000
417,411
620,419
427,295
478,145
351,916
500,109
399,087
472,754
329,364
303,158
270.000
228,345
213,402
25,307

ft .8
+ 1.8
+ 15.2
—4.7
—6.7
—12.2
—3.6
+ 11.2
+ 1.3
—1.5
+ 14.7
—8.2
+ 19.2
+ 24.9
+ 44.1
—26.1
+ 13.0
+75.2
+ 5.2
— 11.1
+ 4.8
+28.4
— 1.5
+ 49.4
+ 20.6
+ 12.4
—1.8
—7.4
+ 22.8
—6.3
+ 1.6

352,927,976
32,325,534
11.567.558
9,705,143
6,260,290
6,000,000
6,105,267
5,208,594
1.863,195
838,123
825.000
900.000
320,909
515.000
502,804
432,371
413,373
341,881
178,693

335,177,610
34,352,697
10,909,031
8,736,584
5,202,576
6,330,482
5,394,605
4,187,460
1,625,941
803,409
621,766
686,000
462,424
490,000
452,097
491,788
430,637
252,964
191,332
81,621,792

+ 5.3
—5.9
+ 6.0
+ 11.1
+20.3
—5.2
+ 13.2
+24.4
+ 14.6
+ 4.3
+32.7
+32.1
—30.6
+5.1
+ 11.2
—12.1
—4.0
+35.2
—6.6

84,253,735
+3.2
38,170
36.0S8.984 + 5.8
15,637
19,783,998 —21.0
13,866
12,822,779 +8.1
8.024
11,468,914 —30.0
8,582
+2.7
8,357,081
5,474
6.8
5.874.039
3,253,
+3.7
3,136,527
2,854;
+
28.4
2.222.039
1,488
1,789,532 —16.8
2,108
1,281.205 +64.5
1,190,
1,080,572 + 10.2
991
868,425 + 14.2
1,400,
739,527 +89 .0
620,
728,603 — 14.9
436,
460,023 —5.1
411,
305,021 +34.8
2,027,
Not Included In total
103,511,852
58,917,820
12,644,515
12,086,508
11,380,612
4.890.000
6,242,816
5,975,719
4,092,064
6,000,000
3,342,952
2,574,872
2,546,195
1,814,928
1,649,408
1,000,000
1.025.000
1.600.000
1.281,893
1,591,217
1,217,233
873,928
575,139
513,212
512,000
225.833

107,007,269
59,166,723
11,569,238
11,553,457
7,500,677
4,658,500
6,248,974
4,099,412
5,732,571
4,104,215
3,201,066
2,682,837
2,034,426
1,535,113
1,378,364
1,369,277
1,263,855
1,223,019
1,210,777
1,182,595
964,258
921,409
553,125
407,408
509,960
341,480

Total Southern 144,573,924 135,422,736
Total all_____ 2,916,631,280 2,810,494,091
Outside N. Y -. 1,091.137,214 1,084,275,002
Canada—

Inc. or
Dec.

Montreal______
Toronto ...........
Winnipeg...........
Vancouver.........
Ottawa.............
Quebec...............
Halifax_______
Hamilton______
St.John.............
London.............
Calgary.............
Victoria ...........
Edmonton_____

43,726,595
29,249,047
11,392,078
4,905,892
3,777,379
2,324,616
1,874,722
1,523,300
1,332,308
1,203,345
1,600,223
1,260,949
936,731

Total Canada .

105.107,185

30,771,150
23,576,148
9,290,159
3,545,605
3,093,866
2,612,732
2,124,552
1.433,154
1,249,833
1,117,363
1,165,346
1,381,031
784,037

—3.3
—0.4
+9.3
+ 4.6
+51.7
+ 5.0
—0.1
+45.8
—28.6
+ 46.2
+ 4.4
—4.0
+ 25.2
+ 18.2
+ 19.7
—26.9
—18.5
+30.8
+5.9
+ 34.6
+26.2
—5.2
+ 4.0
+ 14.2
+0.5
—33.9

$
$
258.491,629 219,840,464
28,296,900 V 25,604,700
17,917,939
15.742,888
15,344,827
12,934,445
11,434,309
8,801,667
9,085,625
7,773,160
5,921,800
5,398,400
3,877,998
3,830,237
3,290,887
2,520,412
2,739,821
2,379,846
2,272,886
2,127.067
1,977,275
1,725,921
1,045,820
1,300,898
963,524
946,291
721.276
923,545
922,285
797.035
590,603
720,000
664,400
494,536
608,965
564,168
425.464
540,497
381,872
607,282
517,715
477,191
508,141
371,513
487,817
493,103
463,119
473,368
419,931
450,900
300,000
270,000
285,814
239,693
173,740
148,95«
30,000
371,105,103
40,711,272
13,733,070
10,088,225
7,939,977
6,544,716
5,910,218
5,209,720
3,008,296
1,013,752

317,555,461
28,905,408
11,153,157
9,492,695
5,028,113
4,379,534
4,520,086
3,670,658
4,241,867
602,575

629,948
450,000
548,735

488,293
424,835
351,820

95.787,929

73,259,041

32,839,750
22,097.327
12,401,104
9,152,093
7,838,713
7,119,943
3,144,703
2,830,992
1,545,710
1,677,339
1.406,458
1,049,269
753,005
700,000
564,636
497,798

23,591,755
17,260,963
10,393,890
7,496,011
6,1.39,353
5,913,758
2,899,590
1,986,862
1,813,526
1,160,698
1,215,936
818,206
554,449
749,539
408.685
420,717

105,618,840

82,823,938
58,292,083
15,915,951
12.498,610
6,957,740
4,852,500
5,699,010
3,993,269
4,253,469
2,481,064
3.935,691
3,526,637
2,519,702
1,975,613
1,286,22$
1,333,736
1,367,380'
600,000'
1,609,404'
1,012,708
1,183,101
1,142,202
584,144
450,000

65,094,279
15,719,112
13,431,046
12,541.217
6,027,500
6,333,909
4,427,796
4,169,591
3,793,865
3,883,411
2,864,046
3,133,873
2,279,624
1,591,800
1,859,127
1,158,003
1,182,428
1,461,287
1,373,062
1,246,067
1,160,000
650,000
567,877

+ 6.8 155,948,620 135,470,240
’ +3 + 2,835,017,004 2,777,961,560
’ +0J5 1,200,001,082 1,045,361,780
+ 42.1
+ 24.1
+ 22.6
+38.4
+ 22.1
—11.0
— 11.8
+6.3
+6.6
+7.7
+37.3
—8.7
+ 19.5

82,145,246 + 28.0

29,112,040
26,505,319
9,371.501
2,391,113
2,S70,381
2,260,885
2,179,030
1.551,157
1,308,894
1,235,402
1.046,607
661.427
90,786,694

80,494,351

THE CHRONICLE

14 64

fVor.. LXXXVIII.

The situation, then, is that the money market is
already getting enormous amounts of the City’s obli­
The fact that the prices realized at the New York gations and is threatened with a perfect deluge of
City bond sale this week were not as good as those at. them if contemplated projects are carried through.
preceding sales was expected. At the same time there Besides the $40,000,000 bonds placed this week, the
is a lesson in the result which should not be overlooked. City sold $10,000,000 in March, making $50,000,000
The city’s credit, as measured by the terms obtained thus far in 1909. This is, obviously, no inconsider­
at its bond sales, is slowly but appreciably declining, able amount. But the additions have been going on
TH E F IN A N C IA L SIT U A T IO N .

while, on the other hand, the credit of most other at this rate for several years. In the calendar year
municipalities appears to be steadily improving. The 1908 the publie sales aggregated $69,699,460 and in
city’s long-term bonds (a very desirable obligation 1907 they aggregated $72,421,325. A New York City
because having fifty years to run and bearing 4 % in­ obligation is as safe as any in the world, and will
terest) brought this week only a very trifling premium, always remain so. But, as these facts and recitals
the average price realized being 100.71. At the sale show, there is such a plentiful supply of these obliga­
in March the average price realized was 101.57 and tions, and so many additional ones are being created
at the sale last November the average price was 102.385. from time to time, that the money and the investment
The average interest basis of this week’s sale was 3 .9 6 % , markets are in danger of being swamped by them.
whereas in March (considering the premium then re­ The occasion calls for the exercise of the utmost re­
ceived) the city was able to obtain its money on an straint. City officials should practice economy so as
interest basis of 3 .9 3 % , and last November had to
pay no more than 3 .8 9 % interest for its borrowings.
Even & this latter and lower figure, the city was at a
great disadvantage as compared with other munici­

to reduce normal new bond issues to the smallest

palities which have been able to borrow upon much

tional Amendment for extending the City’s borrowing
capacity should be decisively defeated at the polls.

more favorable terms.
It would be easy to name a score of cities which
have placed new bond issues within the last few weeks

possible basis; projects for the building of more sub­
ways with the City’s money should be rigidly ruled out,
no matter how alluring they may be, and the Constitu­

Unless this is done, the City will soon find itself obliged
to resort again to 4 ) ^ % bond issues and eventually to
5 % issues, and possibly even higher rates.

at much better prices than what New York City, the
financial centre of the country, has been obliged t®
pay. Baltimore last month sold $1,750,000 long­
As expected, the monthly statement of the Copper
term 4s, like those of this city, at an average of 105.177, Producers’ Association, made public on Thursday,
making the cost of the money to that municipality shows an improvement in the statistical position of
only a trifle over 3 % % — the exact figure being 3 .7 6 % . copper. For the first time since the Producers’ Asso­
Lowell, Mass., and Fall River, Mass., have both the ciation has resumed the publication of these monthly
present month sold 3 ^ % issues at a premium, returns— that is, for the first time in 1909— the report
the interest cost of the money in the one case shows deliveries and exports in excess of production,
feeing but 3 .4 4 5 % and in the other no more than with a consequent decrease in the unsold accumula­
tions of copper. The statement covers the month of
3 .4 0 % .
The credit of this city ought to rank at least as high May, and the production is given at 118,356,146 lbs.
as that of any other municipality in the United States. (this covering the output of marketable copper in the
The reason why it does not, lies on the surface. In the United States from all domestic and foreign sources),
first place the City already has a very considerable while the deliveries for consumption and export are
amount of bonds outstanding— roughly, $700,000,000. put at 131,706,078 lbs. As a result, the stock of
In the second place, very large additions are being marketable copper in the United States at the end of
made to the total from year to year, and in the normal
oourse of affairs these additions must continue, since

May was 169,848,141 lbs., as against 183,198,073 lbs.
at the beginning of the month. This is obviously a
decided change for the better. In all the preceding

the ordinary needs of a municipality with a population
of 4,500,000 are necessarily extensive. In the third months of 1909, as already stated, there were addi­
place, all sorts of municipal ownership propositions are tions to stocks, though in April the increase was very
being discussed, involving particularly the building slight, amounting to only 918,171 lbs. In Janu­
of further rapid transit roads with the funds and credit ary the addition was 21,772,779 lbs.; in February,
By rea­
of the City; these, if carried through, would obviously 29,154,203 lbs. and in March 8,995,654 lbs.
add still further to the volume of the debt. Finally, son of these previous accumulations, the aggregate of

a constitutional amendment is pending which has these stocks May 31 still remained 4 7 million lbs.
already been passed by two successive legislatures, and larger than at the beginning of the year, the comparison
which is to be voted on at the election next November, being 169,848,141 lbs., against 122,357,266 lbs.
In this state of things overmuch should not be
for extending the City’s borrowing capacity, so that
the 1 0% limit would not apply as againet debt created made of the improvement which occurred during May.
on

behalf

of

self-supporting

improvements.

The There are other circumstances which suggest caution
against taking too hopeful a view of the situation.
In the first place, we note that the decrease in stocks
during May was due entirely to the fact that the de­

Legislature has also just enacted a new rapid transit
Law which (among other methods) provides for the
building of subways by assessment on the property
benefited and for the issuance for that purpose of a
newfangled kind of obligation called Rapid Transit
Assessment Bonds, for which the credit and faith of
the City are not to be pledged, but which may bear as
high as 6 % interest.




liveries and exports were exceptionally large, and
these in turn were exceptional mainly beoause the
exports of the metal were of very noteworthy extent.
According to a tabular statement which we find in
the “ Boston News Bureau,” copper exports in May

JUNB 12 1909

TH E CHRONICLE

14 65

were the largest of any month since April of last year,
reaching no less than 70,387,520 lbs., against 62,905,­
920 lbs. the month previous, 46,645,760 lbs. in March

tention of M. Buneau-Varilla, who is certainly a com­

To the extent that this is so, the metal goes out, but
does not go into consumption.

over the lock plan. Nothing can be alleged for tho
latter except that it can be made practically safe,

Another fact which attracts attention is that the
output of the metal keeps steadily increasing, despite
the low prices. The product for May, at 118,356,146
lbs., is stated to have been the largest ever reached.
As it happens, t©o, the United States Geological Sur­
vey has this week furnished elaborate statistics re­
garding copper production and consumption for the

while the former would be intolerably consumptive of
money and time. The latter is challenged by the
French engineer, who positively argues for the con­
trary . W e do not feel competent to discuss his conten­
tion; yet.among shippers, merchants, and all who are in­

petent authority, even if his impartiality be denied,
concerning the bearing which very recent improve­
and only 31,104,640 lbs. in February. If this ex­ ments in underwater excavating as compared with
panding export movement indicated an increase in “ dry” excavating have upon the financial feasibility
foreign consumption, it would be highly encouraging, of the sea-level plan urged by him under the attractive
and have to be regarded as a very gratifying feature name of the Straits of Panama.
in the situation. Unfortunately there is only too
But g,ny thoughtful layman may have a perfectly
much reason for thinking that foreigners are buying sound and valuable opinion, without having visited
copper so freely merely because they think it cheap. the isthmus, upon the desirability of the sea-level

calendar year 1908, and it makes a similar statement
concerning the copper output for that period, saying
that the production in 1908 reached 942,570,721 lbs.,
the largest on record, exceeding that of 1907 by
73,574,230 lbs. and that of 1906 by 24,765,039 lbs.
The production of refined copper is put by the same
authority at 1,094,700,123 for 1908, as against 1,032,­
516,247 lbs. for the calendar year 1907. W ith this the
result at a time of low prices for copper, what may
not be expected in the way of enlarged production
with any very material rise in price?
It should not escape attention, either, that the
Copper Producers’ Association’s figures of stocks
apparently relate only to the stocks of refined copper.
At all events, its total of stocks for Jan. 1 1909, at
122,357,266 lbs., corresponds very closely with the
stock of refined copper, at 121,876,759 lbs., reported
by the U . S. Geological Survey for the same date.

terested in business respects, as well as in the capacity
of American citizens, in having the best possible type
of canal, there is unanimity in desiring the sea-level
type. The layman is not prepared to assert that this
is financially feasible; but he does not hesitate t»
choose it as the best. Mr. Schwab has voiced the
feeling of business men about this, and it is safe to
infer that the Chamber of Commerce would not have
appointed a special committee to make an inquiry
which is still unfinished had there been a general
satisfaction with the present status of the project.
That the lock canal can ever be safe under all con­
ditions seems impossible to show, and upon this the
breaking of the Canadian lock suggests a warning.
One vessel struck the lock gates, and two others con­
sequently came into collision.

Misunderstanding of

signals by the engineer is named as the cause, and al­
though the friends of the lock canal promptly aver that
such a thing could not possibly happen in the Panama

Canal, because of sundry safeguards not described,
But this latter authority takes occasion to point out and especially because ships will be moved by electric
that in addition to the stocks of refined copper there motors on the bank instead ctf by their own power,
were at smelters, in transit to the refineries and at the the doubt remains; for signals can still be misuivrefineries blister copper and material in process of derstood or can fail, and a ship not moved by its own
refining to the amount of 234,013,843 lbs. Jan. 1 1909. power is not under .self-control, while the lower the
Adding this latter to the 121,876,759 lbs. of refined speed of movement the less the control by rudder.
copper, we have a total of no less than 355,890,602 lbs. Several cases of injury have occurred within a few
of copper in sight o « Jan. 1 1909, entirely independent years to the lock gates in Sault Ste. Marie and the
of the stocks of the metal carried by consumers and Manchester canals, and it must follow that wherever
brokers. As the domestic consumption of copper,
according to the Geological Survey, during the last

there is a gate there is a possibility of injury in course
of traffic; moreover, a lock is a vulnerable point to
two years has averaged only about 40,000,000 lbs. a which a hostile enemy from without or a secret enemy
month (the consumption for 1908 being reported at from within would certainly direct effort.
479,955,318 lbs. and for 1907 at 487,771,625 lbs.),
The weakness of the situation as it stands is that
there is evidently little likelihood of any dearth in the while there have been investigations and reports by
supplies of the metal for some time to come.
visiting experts, it is impossible to be sure that these
have not been more or less bound by commitment
The breaking on Wednesday of the locks of the already made to the lock type. There has been a
Canadian canal at Sault Ste. Marie, which the first divided opinion, and, moreover, the physical condi­
accounts indicate may perhaps put that canal out of tions under which wor-k can be done have been chang­
use during the season, brings up forcibly anew “ the ing somewhat. Commitment and consistency, and
battle of the levels” in connection with the Panama the objections to reversing position, are not worth con­
work. Strictly engineering problems such as those sidering whdn put over against the vast importance of
relating to the probable stability of a great dam, or making no mistake in executing this prodigiously
of safe treatment of the water of the Chagres, are be­
yond the judgment of a layman, and any expression of

costly work in the one best way.

At best, a lock

does not allow for increasing size of vessels, but a
lay opinion thereon can have no value; therefore we level channel permits growth in traffic.
feel bound to hold aloof from the discussion, notwith­
On all grounds it seems desirable, if not almost
standing it is impossible not to admit that there ap­ necessary, that the subject be reviewed once more,
parently may be much worth considering in the con­
trictly upon merits, with no regard to what anybody




1 4 66

THE CHRONICLE

|VOL. LXXXVIII.

has said or to any positions which have already been
taken.

ment of the taxes. He further said, in behalf of the
Steel Corporation, that the plan to list the company’s

A representative of a French banking house in this
city, who is familiar with the process of listing foreign

stock in Paris was not a corporation but a banking
matter, and that the Steel Corporation itself has had
no part in the effort to have its stock listed on the

securities on the Paris Bourse, notes the preliminary Bourse. It is thought unlikely that a final decision
requirements that must be observed in effecting such in the matter will be reached until next week, owing
listing. A complete history of the company issuing the to the absence from Paris of a syndic of the Bourse;
security is a necessary preliminary; this must be ac­ the report may be made on Tuesday, and it is confi­
companied with certified copies of the certificate of in­ dently expected that there will be no further delay.
corporation of the company; lists of assets and prop­ Report has it that Mr. Morgan has sold to the Francoerties and other data must be filed with the Ministry of American syndicate, of which he and his Paris house
Finance for investigation, and be published in the bul­ are members, 250,000 shares of Steel common at 65;
letin supplement of the Official Journal of the French Re­ this block of stock is one-quarter of the.’ one million
public— which journal corresponds to our Congres­

shares, which it is thought will eventually be dealt
sional Record— where the facts maybe easily accessible in on the Paris Bourse.
to all French citizens. In addition,{similar information
must be furnished to the Bourse authorities and ar­

There was an export of $250,000 gold to Argentina

rangements be made with the brokers on the Bourse.
Finally, responsible financial agents satisfactory to
the Government and Bourse officials must be appointed
and guaranties be given for the payment of the annual
stamp tax of 6 centimes per 100 francs of capital repre­
sented in the certificates, or about 6 cents on every

this week.

centimes per 100 francs, or about 20 cents per share,
and an income tax of 4 % on the dividend paid. The

on a declining market for exchange.

It consisted of double eagles, instead of

the smaller denominations which the Argentine con­
signees preferred. It would therefore seem that these
consignees do not longer insist, as they did a fortnight
ago, as noted in the “ Chronicle,77 upon eagles— because
these coins are more available for circulation purposes
$100 share. Other taxes are paid by the owners of — and also that their requirements are somewhat ur­
the certificates. These include a transfer tax of 20 gent, which will account for shipments going forward

shares of Steel common stock are represented by cer­
tificates made out in denominations of one share each,
endorsed by the depositary of the original stock—
the Bankers7 Trust Company of New York— and each
certificate bears a number corresponding to the num­
ber of the stock certificate. The dividends are repre­
sented by coupons, each payable to the French finan­

Exports of gold hence to Paris are no longer profit"
able, owing to the rise in exchange at the French
capital on London and also to a reduction in the rate
for sterling at New York. The Paris rate rose because
of the demand for remittance to pay for “ Kaffirs,” or
South African mining stocks, which have been largely
bought in London on speculation. Indeed, at the
mid-May and at the end of the last month’s settle­
ments on the London Stock Exchange, the business in
these mining stocks contributed to the greatest volume

cial agent, who in turn collects from the company,
through the Bankers7 Trust Company of New York.
The French investor does not need to register his stock, of transactions since 1895. The speculative trading
and bearer certificates are issued therefor, which are in “ Kaffirs” was again large this week, as was shown
transferable without formality.
by the operations at the beginning of the settlement,
A Paris cable on Thursday reported that there had which occurred on Friday, and call money in London
been an obstruction to the progress of the negotia­ was affected as well as discounts. Long sterling at
tions incident to the listing of Steel common stock New York on London fell sharply early in the week
on the Paris Bourse. The Franco-American syndicate, because of offerings of finance bills, which were
which is conducting such negotiations, is understood encouraged by the sale of large blocks of such bills
to be desirous of perfecting arrangements by which the
stock can be traded in on the “ parquet,77 or floor of
the Bourse, this being the most advantageous place
for such trading. In order to effect this object, it is
necessary that certain requirements that are not ex­
acted in cases where trades are permitted on the “ cou­
lisse,77 or curb, branch of the Bourse, shall be complied
with. The specific requisite that is said to be de­

drawn in francs, and the tendency of the market was
easy for the remainder of the week. There was some
short selling of sterling,'which further contributed to
ease, and this enabled remittances, that latterly have
been scarce, to be freely obtained. Drawings of bills
against London purchases of stocks and bonds and
also of the New York City obligations that were
offered on Tuesday also created considerable amounts

manded by the Bourse officials is that the French taxes
shall be guaranteed by the Steel Corporation itself,
and not by the above-noted syndicate or by the Bank­
ers7 Trust Company of New York— the holding in­
stitution.
•

of exchange. It would seem, therefore, that unless
something now unforeseen shall occur, exchange will rule

acceptability of the proposed plan; certain formalities
have to be observed and that is all.77 A member of
the New York firm of Morgan & Co. stated that noth­
ing was known here of any suggestion that the Bourse
officials or the French Ministry of Finance would re­
quire the Steel Corporation itself to guarantee the pay­

is reported to have bought the whole of the South

low, or at least such rates prevail as will prevent ex­
ports of gold|to Europe for the remainder of the season.
It seems probable that the Continental demand for
Mr. Harjes of Morgan, Harjes & Co., who took a Cape gold has now been satisfied. Last week,'as we
leading part in the negotiations, is represented as then noted, the consignment of 5 million dollars was
saying that “ there is not the slightest doubt of the absorbed by the Bank of England. This week London




African consignment of 2j^ millions, without competi­
tion either from Paris or Vienna. French bankers
were not competitors because of the advance in ex­
change on London.

J u n k 12 1909. j

THE CHRONICLE

1467

The fact was noted by us last week that the Bank strengthen the credit of the company. This object
of Paris had bought a block of Ferrera Deep (South has been accomplished, as the company was able to
African) mining stock and that an option had been market its Market Street Elevated bonds to good ad­
obtained for an equal amount of the stock. It now vantage, and these bonds are selling above par in the
appears that the purchased shares have been placed open market. Stock of the Rapid Transit Co. also
upon the Bourse and have so demonstrated their advanced materially, and its price was well sustained
popularity with speculators as to be attractive to in­ until the political situation became threatening.
vestors. This has encouraged other private Paris
During the past week there have been some changes
banks likewise to effect purchases of South African in the Rapid Transit board which will help to allay
mining properties, with the object of distributing them agitation. Senator Clarence W olf, a large stock­
among the banks’ clients. This policy of Paris bankers holder, has resigned as a representative of the City of
first testing the public demand for meritorious mining Philadelphia on the Rapid Transit board. He has
properties through the speculative inquiry therefor, been elected a regular director, and George D. Widener,
before offering them to those of their clients who having resigned as First Vice-President, Mr. W olf was
are investors, may be adopted, it is suggested, by the elected to that position. On Thursday City Councils
syndicate which has listed Steel and also by other elected George H . Earle Jr. as a representative of the
syndicates which are seeking to encourage investments city on the board. Mr. Earle is well known as a
in American securities.
banker and a public-spirited man.
It is noteworthy that the gold-mining industry is
not the only enterprise giving great promise in Africa.
Diamonds have been discovered in German South West
Africa in such quantities as to stimulate active specula­
tion in the shares of land in the vicinity of these dis­

Every step following the
the street railway company
vestors, who are anxious to
combination of interests will

alliance of the city with
is closely followed by in­
ascertain whether such a
prove to be practical and

mutually beneficial. The riding public is discontented
coveries. Latterly, the speculation has assumed large since the six-for-a-quarter tickets were withdrawn.
proportions. Among the shares that are most attrac­ To appease the public, City Councils have instructed
tive are those of a mine that last year rose in value the City Solicitor to bring a test suit to determine
from 195 in June to 410 in December and a fortnight the right of the company to abandon the sale of tickets
ago to 1,110.

The production of this mine has been

steadily increasing for several months, and it will
probably continue to be augmented, for the blue earth
pockets, similar to those at Kimberly, have been lately
discovered in the diamond-producing area.
The strike of the street railway men employed by
the Philadelphia Rapid Transit Co. ended last Satur­
day. The strike lasted just one week, the acute stage
being reached when the company attempted to operate
its cars with new men, which the populace resisted by
incipient riots, resulting in the burning of a few cars,
assaults upon passengers and car men, one of whom
died of his injuries.
The strike was called just before the primary elec­
tion, being timed so that political influence could be
exerted in favor of the strikers. On account of the
50-year contract between the city and the Rapid Tran­
sit Company, the dominant political party was natur­
ally in danger of suffering at the polls by reason of the
strike. This fact was utilized to induce political lead­
ers to exert their influence with the officers of the com­
pany to agree upon a settlement. An adjustment of
the labor troubles was effected in this manner.
When the contract with the city was executed,
prominent men identified with the management of
the Philadelphia Rapid Transit Co. remarked that the
company would thereafter be free from politics. The
contract, however, has operated to plunge the street

and charge a straight five-cent fare. Common Council
has also passed a resolution requesting the company to
restore the tickets. There is also an independent
movement of citizens having for its purpose legal steps
which will compel the company to resume the sale of
the strip tickets, and in this movement politicians
who are independent of the leading parties are playing
a part.
In view of the shortened supplies of grain and the
high prices ruling for all cereals, the monthly report
of the Department of Agriculture for June 1 was this
time awaited with considerable interest, if not anxiety.
Unfavorable conditions for wheat were known to have
prevailed during the fore part of May over a consid­
erable portion of the country, but it was anticipated
that the later improved weather had in great measure
on the average overcome the early deterioration.
The report as issued showed a moderate falling off in
the condition of winter wheat during the month, the
general average for the country on June 1 being stated
at 80.7, against 83.5 on May 1. In June of 1908 the
condition was 86, but in the bumper crop year (1906)
the average was only 2 points better than at present.
I he area remaining under winter wheat is, of course,
according to official reports, less than in 1908. Last
fall’s planting comprised 30,034,000 acres, or nearly
5 .4 % less than the area sown in 1907, and this has

been reduced by abandonment of acreage, due to
railway company deeper into politics than ever, be­ winter killing, &c., to the extent of 2,163,000 acres,
cause some of the local politicians have large specu­ as against only 1 1-3 millions a year ago. The area
lative holdings in the company’s stock, and because now under cultivation, and from which the crop is
the chief political leader is closely affiliated, as a con­ being harvested in earliest sections, is only 27,871,000
tractor, with Rapid Transit affairs. These political acres, or 8 .1 % less than the harvested area of last year.
conditions are now relied upon by those citizens who
The spring-wheat situation, on the other hand, is
oppose the abolition of the six-for-a-quarter tickets to quite favorable. Area, according to the Department,
have the tickets restored.
has been increased 6 .9 % , it being 18,391,000 acres this
Upon the whole, the political alliance, if such it may year, against 17,208,000 acres in 1908. The general
be called, appears to be working to the detriment of condition of the crop on June 1 was also slightly higher
the company. One purpose of the contract was to than at the same time a year ago, being placed at




1468

TH E CHRONICLE

95.2,
against 95, and a ten-year average of
92.6. Combining the area for the two varieties of
wheat, we have a total of 46,262,000 acres this year,
or 2 .7 % less than in 1908, and with the general aver­
age condition also lower, the outlook would seem to be
for a yield somewhat smaller than a year ago. But
subsequent events may greatly modify such a conclu­
sion. It will doubtless be remembered that during
June last year important deterioration in the condition

[VOL. LXXXVIII

At first the important gains over last year were con­
fined to a few of the largest municipalities, with opera­
tions in Greater New York the feature; but now the
sections in which projected expenditures for new build­
ings are not noticeably larger than a year ago are quite
the exceptions. This is particularly true of the month
of May, the returns for which we have compiled this
week. Our compilation covers 72 leading cities of the
country, and of that number only 14 exhibit smaller

of winter wheat occurred, and the same was true of totals this year than last, with the losses generally
spring wheat all through the summer. The contrary unimportant. Moreover, St. Louis, with a decline of
has been the situation thus far in June this year, pri­ 3 % , and San Francisco, 5 .1 % , are the only prominent
vate advices indicating steady improvement in condi­ cities included. On the other hand, the percentages
tion, with spring wheat especially satisfactory in of gain are strikingly large in many cases. As import­
the Northwest. W ith a normal season from now on, ant a city as Newark, N . J., reports that the permits
there would seem to be excellent promise for a good taken out during the month this year cover contem­
plated disbursements 5 0 0 % greater than in May 1908,
wheat yield this year.
The Canadian wheat situation is very encouraging

and at Omaha construction arranged for in the same
period shows a gain of 2 4 6 % over a year ago. Alto­
gether, 24 cities exhibit gains of over 100% as com­

at this time. In Western sections acreage has been
very appreciably increased, and while the plant is re­
ported to be a little later than last year in point of pared with May of 1908.
The continued activity in the various boroughs of
maturity, its condition is very favorably referred to.
Eastern portions of the Dominion also make very satis­ Greater New York cannot fail to attract attention.
factory reports both as to acreage and condition, and For Manhattan alone the May permits call for an out­
the outlook would seem to be very good for a crop well lay 120% greater than in 1908, with the increase 2 0 0 %
ahead of the record.
As regards oats, the area in the Uinted States is
stated by the Department to have been increased
0 .2 % , but the average condition is placed at only 88.7,
against 92.6 on June 1 1908. In 1907, however, at
this time the figure was but 81.6 and in 1906 it was
85.9. Furthermore, the 10-year average is a little
lower than that for June 1 1909. There is, therefore,
nothing in the current oats situation to preclude an­
ticipations of a satisfactory yield, particularly as
most recent private reports indicate that the crop quite
generally is making excellent growth. The barley
area seeded this spring exceeds that of last year by
3 .5 % and condition June 1 is reported a little above
that of a year ago. Rye condition at 89.6 this year
on June 1, compares with 91.3 in 1908, 88.1 in 1907
and a 10-year average of 89.4.
Corn is in no way touched upon in this June 1 re­
port of the Department, but the advices of reliable
private authorities indicate that corn seeding has been
largely finished and that early planting are coming

in the Bronx and 9 1 % in Brooklyn, the aggregate for
the three boroughs reaching $27,135,691, or 122%
more than for the previous year. It is to be noted,
furthermore, that the current May’s projected ex­
penditure is 3 7 .8 % greater than for the month in
1907. Outside of New York the prospective or in­
tended outlay, at $56,319,959, exceeds that of the
like period of 1908 by 6 3 .3 % and compared with
1907 shows a gain of 1 4 .7 % .
Chicago’s increase
over 1908 is 1 08.4% and over 1907 is nearly as large.
Philadelphia records a gain of 7 9 % over 1908, but
there is a loss of 1 2 .5 % from 1907. Cleveland, Cin­
cinnati, Denver, Kansas City, Seattle, Omaha and
St. Paul also show important gains over last year or
two years ago. The estimated expenditure covered
by the building projects for all the cities (72 in number)
included in our statement aggregates $83,455,650 for
May 1909, against$46,716,197for 1908, oranexpansion
of 7 8 .6 % , and contrasted with the contemplated outlay
of $68,767,744 in May 1907 there is an increase of 2 1 .4 % .
Combining the totals for 72 cities for the five months,

up to a good stand. The area is expected to be larger we have an intended outlay of 336% millions of dollars,
than ever before, partly as a result of inability to against 190% millions in the similar period of 1908, or
avail of land for oats, owing to continuous rains at an increase'of 7 6 .8 % . Compared with the approxi­
time of planting that crop, and also to the killing of mate cost of 292 millions in 1907, there is an addition
fall-sown clover. There has been some complaint of 1 5 .2 % . Greater New York’s operations increased
of the lack of warm weather, but the season is too young 154.6% and 5 0 % respectively. Outside of New York
for this to be considered as more than an incident. the gain is 5 0 .5 % , as contrasted with 1908, and 1 .6 %
Speaking generally, the grain-crop situation of the compared with 1907. With this unprecedented ac­
country is encouraging, even if at the moment it is not tivity in building operations, an active demand for
structural steel is to be noted, and in all branches of
in every respect as promising as in some earlier years.
the steel trade an improved business is reported.
Recovery from the condition of industrial paralysis
The market for money did not develop any special
that prevailed at this time a year ago continues to
activity
early in the week, though rates were firm,
be indicated in a striking way in the statistics showing
largely
as
the result of the reduction in the bank re­
the construction of buildings for business or dwelling
serve
in
the
previous week. On Wednesday liquida­
purposes in the United States. Evidence in a small
tion
in
Steel,
influenced by reports that listing thereof
way of an improving situation was first apparent in
the third quarter of 1908, and since that time not a on the Paris Bourse would be delayed, and selling in
month has passed that has not shown quite conspicu­ London of American securities incident to the dis­
ous activity in the taking out of permits for the erec­ closure of a large account at the London Stock Ex­
tion of new buildings or the alteration of old ones. change settlement, caused a sharp rise in call money




J une 12 1909. |

THE CHRONICLE

1469

to 2
the highest since the end of April; the mar­ of New York City bonds, the latter pending their allot­
ment, and drawings against these new credits were suffi­
ket was easier at the close of the day.
Money on call, representing bank and trust company cient to partly offset the inquiry for sight exchange.
balances, loaned at the Stock Exchange during the The derangement to the foreign discount markets due
week at 2 % % and at 1 % % , averaging about 2 ) 4 % . to the settlement will be only temporary; these adjust­
Lending institutions generally quoted 1 )4 % as the ments will be completed this week, the final “ pay­
minimum. Time loans were firmer compared with day” being on Friday, and thereafter discounts abroad
last week, influenced by the expanded condition] of will be normal unless, indeed, there shall be a revival
the banks and also by expectations of large financing in speculation, which will create a new cause for
derangement at the end of the month settlement.
requirements in the near future; commercial paper
Compared with Friday of last week rates for ex­
was in good request and higher, chiefly because of
change on Saturday were 10 points lower for long at
the moderate supply. Though finance bills in sterling
4 8 6 2 0 @ 4 8630, 5 points for short at 4 8 7 8 0 @ 4 8785
and francs were freely negotiated, the proceeds of the
and 10 points for cables at 4 8 8 @ 4 8810. On Monday
sales of such bills were promptly absorbed without
long fell 20 points to 4 8 6 @ 4 8610, short 15 points to
making much impression on the market. Hates for
4 8 7 6 5 @ 4 8770 and cables 10 points to 4 8 7 9 5 @ 4 88.
time money on good mixed Stock Exchange collateral
On Tuesday long was 10 points lower at 4 8 5 7 0 @
were 2 ) 4 @ 2 ) 4 % for sixty and 2 ) 4 @ 2 ) 4 % for ninety 4 8580, while short and cables were unchanged. On
days, 2 ) 4 @ 3 % for four, 3 @ 3 ) 4 % for five, 3 ) 4 @ 3 ) 4 % Wednesday short was 5 points higher at 4 8 7 7 0 @
for six months and 3 ) 4 @ 4 % for over the year. One 4 8775; long and cables were unaltered. On Thursday
of the foreign banking houses placed a large block of long rose 10 points to 4 8 5 7 5 @ 4 8590, short 5 points
money for three months on industrial security at to 4 8 7 7 0 @ 4 8780 and cables 10 points to 4 8 8 @ 4 8810.
2 ) 4 % ; this represented the proceeds of finance bills. On Friday long was 10 points higher and cables 10
Other special transactions were [loans of domestic points lower.
funds for six months at 3 ) 4 % and of ovcr-the-year
The following shows daily posted rates for sterling
money at 3)4 @ 4 % ; these rates are the highest thus exchange by some of the leading drawers.
far this season. Commercial paper is in good request
F r l .,
M o n .,
T u e s .,
W e d .,
T h u r s .,
F r l .,
at 3 @ 3 ) 4 % for sixty to ninety-day [endorsed bills
J u n e 4 J u n e 7 J u n e 8 J u n e 9 J u n e 10 J u n e 11
receivable, 3 ) 4 @ 4 % for prime and 4 ) 4 % for good Brown
J60 days 4 87
87
87
87
87
87
Brothers.......... --ISight.. 4 88J4
8SJ*
88)4
ss)*
88)4
88)4
Kidder
87
87
87
four to six months’ single names.
j 60 days 4 87
87
87
The Bank of England rate of discount remains un­
changed at 2 )4 % - The cable reports discounts of
sixty to ninety-day bank bills in London 2 % .
The unofficial or open market rate at Paris is 1 )4 %
and at Berlin and Frankfort it is 3 % . According
to our special cable from London, the Bank of Eng­
land gained £1,016,169 bullion during the week and
held £38,318,699 at the close of the week. Our cor­
respondent further advises us that the gain was due
mainly to purchases in the open market. The details
of the movement into and out of the Bank were as
follows: Imports, £687,000 (of which £100,000 from
Egypt, £36,000 from miscellaneous sources and £ 5 5 1 ,­
000 bought in the open market); exports, £28,000 (of
which £20,000 to South America and £8,000 to Gibral­
tar), and receipts of £357,000 net from the interior of
Great Britain.

& C o ............
4 88
Bank British
/ 60 days 4 87
North America .. -.ISight.- 4 SS'A
Bank of
/80 days 4 87
Montreal_______ . . \SIght-. 4 88)^
Canadian Bank
J60 days 1 87
of Commerce___ . .\Slght-. 4 88)*
Heldelbach, IckelJ60 days 4 87
lieimcr & Co____ -.1. Sight.. 4 88)*
hazard
J60 days 4 87
Freres ________ ..iSIght.. 4 88y2
Merchants’ Bank
J60 days 1 87
of Canada.......... ..ISight.. 4 88)*

88y 2
87
88y 2
87
88)*
87
88)*
87
S8y 2
87

m i

87
88)*

S8)*
87
88)4
87
88)4
87
88)4
87
88)4
87
88)4
87
88)4

88)4
87
88)4
87
88)4
87
88)4
87
88)4
87
S8)4
87
88)4

88)4
87
88)4
87
88)4
87
88)4
S7
88)4
87
88)4
87
88)4

88)4
87
88)4
87
88)4
87
88)4
87
88)4
87
88)4
87
88)4

Rates for exchange on Friday were 4 8 5 9 0 @ 4 86
for long, 4 8 7 7 0 @ 4 8780 for short and 4 8 7 9 5 @ 4 88
for cables. Commercial on banks 4 8 5 5 5 @ 4 8565 and
documents for payment 4 8 5 @ 4 86.
Cotton for
payment 4 8 5 @ 4 8 5 )4 , cotton for acceptance 4 8 5 5 5 @
4 8565 and grain for payment 4 8 5 % @ 4 86.
The following gives the week’s movement of money
to and from the interior by the New York banks.
W e e k ending J u n e 11 1909.

T o t a l g old and legal ten d ers______

R eceived by
S h ip p ed by
N . Y . B a n k s. N . Y . B a n k s.

-Vet Intcricr]
M ovancnt_

$ 8 ,8 8 2 ,0 0 0
2 ,0 8 4 ,0 0 0

S 3 ,400,000 G ain
1,40 0,0 00 G ain

$ 5,4 8 2 ,0 0 0
6 8 4 ,00 0

$ 1 0 ,96 6,0 00

8 4 ,8 00 ,00 0 G ain

S 6 ,166,000

The foreign exchange market was generally lower
this week. Long sterling was heavy in consequence
W ith the Sub-Treasury operations and gold exports
of dearer discounts in London resulting from the the result is as follows.
demand incident to the semi-monthly settlement;
Out of
N e t Change in
In to
W eek ending J u n e 11 1909.
B a n k s.
B a n k s.
B a n k H old in g s.
cables were in request for remittance on account of
the large amount of American stocks demanding B a n k s’ Interior m o v e m e n t, as a b o v e . $ 1 0 ,96 6,0 00 $ 4 ,8 00 ,00 0 G ain S 6 ,166,000
S u b -T rea s. o p e r . a n d g old e x p o r t s ..
3 0 ,4 0 0 ,0 0 0
3 2 ,4 0 0 ,0 0 0 I.oss
2 ,0 0 0 ,0 0 0
prompt payment at such settlement, and sight sterling
T o t a l g old and legal ten d ers.......... ..
$ 4 1 ,36 6,0 00
S 37,200,000 G ain S 4 ,166,000
was easy at more or less important recessions. French
The following table indicates the amount of bullion
finance bills were freely offered and readily absorbed,
sentimentally influencing like offerings of sterling in the principal European banks.
bills; foreign bankers are, however, not encouraging
J u n e 11 1908.
J u n e 10 1909.
the resort to such devices for the employment of British B a n k s o /
S tiver.
G old.
S ilver.
Tota l.
Gold
T ota l.
capital, and they especially discriminate against sterling
£
£
£
£
£
£
3 8,3 1 8 ,6 9 9 3 7,9 93 ,63 5
n g l a n d .. 38,3 18 ,69 9
3 7 ,9 9 3 ,6 3 5
loan drafts having securities as collateral. The result EF ra
n ce . . 148,025,160 35,7 19 ,16 0 183,744,320 124,419,687 36,587,901 161,007,588
a n y . 4 2,0 37 ,35 0 13,702,650 5 5.7 40 .00 0 3 8 .2 00 .00 0 12.645.000 5 0 .8 45 .00 0
of such discrimination was shown by the free selling GR erm
8.64 9.0 00 132,095,000 111,972,000
7 .6 1 8 .0 0 0 1 19,590,000
u s s ia .. . 123,446,000
A u s .-II u n . 56 534,000 12.943.000 69.4 77 .00 0 46.755.000 1 3.313.000 60.0 68 .00 0
during the week of stocks that were included in the S p a i n ____ 1 5 ,9 :3 .0 0 0 3 2.2 61 .00 0 48.2 14 .00 0 15.5 94 .00 0 26.6 45 .00 0 4 2 .2 3 9 .0 0 0
4 .7 9 4.0 00 43.3 83 .00 0 3 6 .4 89 .00 0
Ita ly ____ 3 8 .5 89 .00 0
4 .4 1 0.0 00
9 9 .0 0 0
American account at the settlement, which sales in N e th ’lands 10.112.000 3 ,6 0 0,3 00 13,712,300 7 ,7 0 1 ,4 0 0 4 ,1 7 9,8 00 41 0.8
1 ,8 81 ,20 0
2,20 4,6 67
4 ,4 0 9,3 33
6 .6 1 4.0 00
2 ,1 2 3,3 33
N a t .B e lg ..
4 ,2 4 6,6 67
6 .3 7 0 .0 0 0
part contributed to the above-noted demand for remit­ Sw eden . . 4 .3 8 2.0 00
4 .3 8 2.0 00
3 .8 9 1 .0 0 0
3 .8 9 1 .0 0 0
S w ltz ’ land
4 ,8 3 6,5 00
3 .5 5 5 .0 0 0
4 ,8 3 6,5 00
3 .5 5 5 .0 0 0
tance by cable. There was, though, a considerable N orw a y . . 1.678.000
1 .522.000
1.678.000
1 .5 2 2.0 00
amount of exchange that was created by the placing in T o ta l w eek 4 88 ,32 1,0 42 113,873,777 6 0 2 ,1 9 4 ,819!432,3 39 ,38 9 107,522,034 539 ,86 1,4 23
P rev . w eek 483,018.075,1 11 ,78 7,8 27 ^ 59 4,8 05 ,90 2 43 0 ,2 9 5,832|107,6 14 ,9S6 5 3 7 ,91 0.8 18
London of N ational Railways of Mexico bonds and also




THE CHRONICLE

1 4 70

ENGLAND AND GERMANY.
The foreign periodicals are bringing to hand some
highly interesting side lights on the episode which will
probably be remembered in political tradition as the
■
“ English naval scare" of 1909. They are reassuring
to this extent that most of them indicate that the
unreasoning stage of the episode is past, and is being
. gradually replaced, as it should have been replaced
long ago, by sober and rational reflections. It has been
said very truly of this episode that the English people
have shown themselves to be subject to a wave of
national hysteria from which recovery is not so
prompt as it was; for example, in the closely parallel
case of our own “ Venezuela sensation” at the end of
1895. Here in America, the national sense of humor
is a safeguard against prolonged excesses of this sort
in a degree which is rarely witnessed in any European
country. It was long ago a matter of philosophic
observation that when the cartoonists and comic
papers got their hands on the “ Anglo-American war”
that was the end of it as a matter of popular excite­

[VOL. LXXXVIII.

the speakers, Rear-Admiral Weber, was a spokesman
at the Kiel gathering, and his remarks in the “ Nine­
teenth Century” throw a light on his later speech,
urging that Germany prepare to concentrate in the
North Sea the strongest fleet in the world.
In this interview Admiral Weber began by stating
the diplomatic impossibility of Germany’s formally
agreeing to the suggestion thrown out by Sir Edward
Grey that the competitive building of warships should
be hereafter pursued on restricted lines, leaving the
relative superiority where it now stands. Such an
agreement was impracticable, for the reason, first,
that in his view no modern State could publicly consent
for all time to a position of inferiority in any such re­
gard. Furthermore, it was not England alone which
must be considered in a matter of the sort; it was
quite possible that other States than England might
adopt a similar aggressive program of naval construc­
tion which of itself, wholly independent of England’s
attitude, could force the hand of Germany.
When, however, Admiral Weber came down to the

question of the pending naval scare itself, his remarks
were even more impressive. He declared the state­
ment.
One of the events of the past week cannot be classed ments made in the British Parliament regarding Ger­
as altogether encouraging. W e refer to Lord Rose­ many’s secret effort to surpass England in naval con­
bery’s address of last Saturday at Spithead. This struction to be absurdly erroneous. He pointed out
speech was, in fact, an apt illustration of the singular that Germany cannot build battleships under any
confusion into which so many eminent statesmen circumstances as fast as England could, and that in
have fallen. Lord Rosebery frankly pointed out the the fateful year 1912, at which time Parliament had
grave dangers of sensational outbreaks of demand been assured that Germany’s navy would be more
He freely admitted that

powerful than England’s, she could by no possibility

such excessive increase might itself become an imme­

have within seven as many of the great battleships
as it had been declared she proposed to build. Fur­

for unlimited armament.

diate cause of war, and he went so far as to intimate

that long continuance of such a policy might mean thermore, this German Admiral showed the dis­
a lapse into something like international barbarism. crepancy between the attitude of the British Ad­
In this view of the matter Lord Morley publicly con­ miralty three or four years ago, when as a basis of
curred last Thursday, adding his opinion that the careful examination it pronounced the German fleet to
press “ is more answerable” for the situation “ than all be of little value, and its sudden alarm of the present
the ministers, officers and diplomatists taken together.” year over not only the future but the present fighting
power of the German navy. His conclusion was that,
even if a formal treaty between England and Germany
on this question were impossible, a plain understanding
in the matter. When Lord Rosebery, after his serious should be brought about, based on “ conversion of
exposition of the dangers of a competitive naval con­ public opinion to more reasonable views” of the rela­
The press has its share of responsibility, and it is large;
but Lord Rosebery himself last week showed plainly
enough whether it is the primary unsettling influence

struction mania, came to the part of his speech where tions between the two nations.
A very high expert on naval affairs, Count zu
his listeners had the right to expect sober and states­
Reventlow,
in another interview, pointed out that the
manlike counsel as to how to escape the perils, which
he had set forth, all that he had to tell them was that whole situation was brought on by England herself.
England “ must build Dreadnoughts as long as we have Had not the program of constructing this new and
a shilling to spend or the men to put into them.” formidable type of battleship been publicly and en­
That is to say, his conclusion was either a tacit con­
firmation of all the misgivings expressed in the first
part.of his own speech, or else it disclosed an utter
confusion of ideas and political pessimism.
The speeches.to the German Naval League at Kiel
on the same day have been cited as displaying a spirit
similar to Lord Rosebery’s. It seems to us, however,
that even in their re-assertion of the requirements of
a powerful fleet for Germany they took less extreme
grounds than the English statesman; and, furthermore,

thusiastically adopted by Great Britain, Germany
would not have thought of increasing its armament,
even at the existing rate; and as it was, the German
program merely maintained the relative strength of
the two fleets. The well-known Dr. Arendt, member
of the Reichstag Committee on Naval Affairs, ridiculed
the entire demonstration. Invasion of England by
Germany he described as “ idiotic;” furthermore, war be­
tween England and Germany was absolutely impossible
unless, as Herr Peters had predicted, England itself

we suspect that they must be read in conjunction with were to attack the German fleet— which was hardly
certain German interviews just published in a London to be conceived of. Professor Samassa, one of the
review. The “ Nineteenth Century” of that city, in its high authorities of the Pan-German League, concurred
current number, produces a series of careful statements entirely with this view, and expressed his belief in the
by high German experts of their opinion on the naval impossibility of an Anglo-German war, on the ground
war scare. These interviews have manifestly been that “ England could never subjugate Germany, while
obtained with care and scrupulously revised. One of Germany had nothing to gain from a war with England.




THE CHRONICLE

J u n e 12 1909. i

1471

Captain von Pustau, an eminent retired naval officer

year ending April 30, submitted the present week.

and a critic of high standing, made the declaration—
and here was a striking admission— that even if Eng­
land were to build one hundred Dreadnoughts or Invincibles, the German program would not be increased.
The whole matter was summed up by a well-known

If any one had two years ago suggested that such a
shrinkage in profits as is now actually recorded by this
large copper company was among the early proba­
bilities, he would probably have been regarded as of
unstable mind. The report for 1908 had been a very

retired diplomatist, Herr von Rath, in the following

unfavorable one; but the showing now made for 1909
is far worse.

words:

“ It is perhaps to be regarded as a favorable

circumstance that both governments have now clearly

In brief, while the Amalgamated Company for the

expressed their respective standpoints. There is no
longer the slightest obscurity, as England now knows
exactly what Germany is doing and can make her own

twelve months of 1907 was able to report net income
of $14,154,400, for 1908 the amount of such net in­
come was only $6,680,557, and now for 1909 the amount
is found to be no more than $3,663,980. In the brief
space of two years, therefore, the annual net income
of the Amalgamated Company has dropped from over
14 million dollars to 3 % million dollars. The conu

arrangements accordingly. The knowledge of what
England is doing is of less importance to Germany,
her program being fixed by law and remaining unin­
fluenced by the progress of other navies.”
In brief, this symposium, based on German opinion
carefully canvassed, brings out the facts that Germany
could not possibly have been indulging in any such
secret conspiracy as the English public imagined; that
the “ invasion scare” was utterly preposterous, and
that the general outlook is much improved now that
the series of blunders has been stopped. It seems to

as the call for the dividend at that rate is only $3,077,­
758, the 1909 net income at $3,663,980 exceeded by
$586,222 the sum required. It is open to question,
however, whether, if limited strictly to the year’s
profits, the company could show even the 2 % dividend
to have been really earned.

us that this is a common-sense view to take of the
situation, and we have no doubt that, within a rela­

As has been pointed out by us many times in the
past, the Amalgamated Company is simply a holding

tively short time, and in spite of such extraordinary

concern, and its income is measured by the dividends

deductions as Lord Rosebery’s, the English public
will come to that way of thinking.

it receives on its holdings of the shares of the con­
stituent companies. Prior to the collapse in the
copper trade, these subsidiary companies had not been

It is indeed a certain tribute to the German steadi­
ness of character that its people and its naval experts
should have suffered no contagion from the English
episode. This is not the less striking from the fact

pany is paying only 2 % dividends on its stock, and

that one of the firebrands thrown into the situation
at the start was a pamphlet, circulated in Germany

paying out the full amount of their profits in dividends.
In other words, they had been earning considerably
more than they were distributing. During the last
two years the precise reverse has been the case, and
the subsidiary companies have been distributing more

and since reprinted in England, purporting to describe,
from the standpoint of 1911, the downfall of the British
Empire at the hands of Germany. How far this docu­

on their shares than they have been earning, drawing
upon accumulated surplus for the deficiency. W e may
take, for illustration, the case of the Anaconda Copper

ment appealed to anything except exuberant imagina­
tions may be judged from the fact that the supposed

Co., in which the Amalgamated Company is under­
stood to hold a little more than a majority interest.
series of events comprised a conspiracy on the part of In the calendar year 1906 the Anaconda Company paid
English statesmen to attack without warning, and anni­ dividends of 2 3 % , calling for $6,900,000, and had
hilate, the German fleet; that warning of the plot be­ profits on the operations of the twelve months in
came known to Germany; that German airships amount of no less than $8,842,669. In the calendar
dropped bombs upon the English vessels; that the year 1907 it paid 2 1 % , calling for $6,300,000, and had
German army thereupon invaded France; that Japan profits of only $3,378,220. In 1908 its dividends
seized Hong Kong; that India rose against the British aggregated but 8 % , calling for only $2,400,000, and
power; that the United States invaded Canada “ for yet even this diminished amount was not earned, for
the preservation of law and order;” that Egypt was the profits were no more than $1,082,980, or $1,317,020
seized by Italy, and that England was at once reduced short of the sum required. In two years’ time the
to the status of a decadent and second-rate power. Anaconda Company’s annual net income dwindled
W e do not know whether this highly imaginative from $8,842,669 to the insignificant figure of $1,082,­
pamphlet found wide circulation in Great Britain; 980. Stated another way, while the Anaconda Com­
if it did, one may conjecture to himself the author’s pany in 1906 earned lhore than 2 9 % on its $30,000,000
surprise that his imaginative effort should have of stock, in 1908 it earned only a little over 3 % on
brought down game so different from that which the same.
he had set forth to bag. The German public, to whom
At least one-half of the deficiency ($1,317,020)
his brochure was immediately addressed, remained netted by the Anaconda Company in paying the small
calm and apparently indifferent; the English public dividend declared must be apportioned to the Amal­
forthwith gave itself up to its naval scare.
gamated Company on its majority interest in the
stock of that company, and this one-half would be
THE

AMALGAMATED

D EP R ESSIO N IN

COMPANY

AND

TH E COPPER TRAD E.

The utter collapse which occurred in the copper
trade in the summer of 1907, and which has continued
in only slightly modified form up to the present time,
has never been so strikingly revealed as in the annual
report of the Amalgamated Copper Co. for the fiscal




$658,000. On the other hand, the surplus of net
income shown by the Amalgamated Company in its
present report above the 2 % dividend paid on Amal­
gamated stock was, as we have seen, only $586,222.
It follows , therefore, that the decline in the annual net
income of the Amalgamated Company from $14,154,­
400 in 1907 to $3,663,980 in 1909 does not reflect the

THE CHRONICLE

1472
full measure of the shrinkage in

profits which oc­

[VOL. LXXXVIII.

Anaconda by the Washoe Copper Co., at an original
cost of over $9,000,000.

At these works are treated
curred in the interval of two years. In the earlier
the
ores
of
the
Anaconda,
the Washoe, the Parrot,
year actual profits of the controlled companies were
the
Colorado
and
the
Butte
& Boston companies.
in excess of the $14,154,400 net income shown in
in 1909

During 1907 the Washoe smelter, it will be remem­

the profits must have been considerably below the
$3,663,980 net income realized by the Amalgamated
Company in the shape of dividends on its holdings of
the stocks of these subordinate companies.
The Anaconda Company is the only one of the con­

bered, was equipped with electric power, thereby
greatly lessening the cost of operation, and this smelter

the

Amalgamated

report.

Contrariwise,

is able to treat 10,000 tons of ore per day without
difficulty. The ores of the Boston & Montana Co. are
treated at the latter company’s own smelting plant at
stituent companies which makes it a practice to furnish Great Falls, and here, too, very extensive improve­
annual statements. W hat the result for the other ments have been made in recent years, including the
companies has been there is, therefore, no means of erection of a smokestack over 500 feet high. From the
knowing. In the case of these other companies any present Amalgamated report we learn that electric
oss or deficiency would fall almost entirely on the pumps have been installed in the mines during the
Amalgamated Company, instead of being distributed year and operated with good results, and that it is
planned to do hereafter all of the pumping in the mines
the Amalgamated Company owns the entire stock of with this power. Furthermore, it is stated that in­
the Washoe Copper Co., the Colorado Smelting (now vestigations are now being made to determine the
the Trenton Mining & Development) Co. and the Big feasibility and economy of operating all the hoisting
Blackfoot Milling Co., and all but a few shares of the plants of the different companies by compressed air
in part among outside shareholders; for, as is known,

Boston & Montana and the Butte & Boston com­
panies.

In the Parrot Co., as in the Anaconda, it

owns only a majority interest.
The principal reason for the tremendous shrinkage
in profits above disclosed is found, of course, in the
great decline in the price of the metal. For a part of
the fiscal year 1907 copper ruled at 25 cents per lb.
For nearly the whole of the fiscal year 1909 the price
was 13 cents or lower. There is nothing in either the

generated by electric power.
It is quite likely that the company has had only in
part the benefits from the numerous improvements
and economies introduced, and that as these benefits
more fully accrue, increased profits will be realized
even without any great appreciation in the market
price of the metal. Furthermore, it must be remem­
bered that special drawbacks served to increase ex­
penses during the late year, and that these are not

Amalgamated report or the Anaconda report to show likely to be repeated in the new year. For instance,
just what price was realized on the sales of copper. it is stated in the Amalgamated circular that the Ana­
As compared with two years ago, some of the loss in conda Copper Co. was compelled to cease operations
profits is also due to a diminution in the quantity of for a short period of time at its Washoe Reduction
copper produced.
That price, however, was the Works, due to the fact that the railroad companies
principal element in the loss is evident from the fact were unable, on account of severe climatic conditions,
that though, in the latest year, the product had begun to transport a sufficient [supply of coke. Then, again,
to increase, income and profits dropped still lower. the reduction works of the Boston & Montana Co.
The Anaconda Company produced in the calendar at Great Falls were closed from early in June, we are
year 1908 64,869,176 lbs. of fine copper, against only told, until the middle of September, on account of
63,055,661 lbs. in the calendar year 1907, but as damage by flood to the power plant of the company
against 94,963,835 lbs. in the calendar year 1906. and to the railroads which transport the ore. Fur­
In the case of the other companies, production seems
to have been pretty close to the early figures. For
the present report of the Amalgamated Company tells
us that the companies owned solely or in part by the
Amalgamated produced for the calendar year 1908,
from their own and custom ores, about 234,000,000
lbs. of refined copper, of which amount the Amalga­

thermore, it is declared in the Anaconda report that
the whole of the profit shown for the calendar year 1908
was earned in the last six months, the first six months’
period recording an actual loss,Jas the shut-down ex­
penses and the extraordinary expense of reopening the
mines absorbed whatever profit there was made in
the months of April, May and June.
It thus appears quite within the range of probabili­

mated Company “ received the benefit from about
199.000. 000 lbs.” For 1907 the statement was that ties that increased profits will result in the current
212.000. 000 lbs. had been produced, of which the year from a lowering of operating cost due to the ab­
Amalgamated Company had received the benefit from sence of the special adverse conditions existing in the
178.000. 000 lbs., while fo r '1906 it was reported that previous year. This would be entirely independent
the product had been 275,000,000 lbs., with resulting of any advance in the price of the metal. At the mo­
ment the metal is slowly appreciating in value, and
benefit to the Amalgamated Co. on 224,000,000 lbs.
It would seem from all this that the Amalgamated the statement of the Copper Producers’ Association
Co., no more than most other copper companies, can for the month of May, submitted this week, shows
show any very considerable profits with the price of that during May, for the first time in any month of
copper down to 13 cents a lb. This is the more note­ this year, deliveries of copper exceeded the production,
worthy inasmuch as the management of the Amalga­ i It would, however, be idle to speculate what extra
mated Co. have been engaged in a constant endeavor profits are likely to result from an advance in the metal.
to lower cost through improvement of processes for The one indisputable fact is that, with the Amalga­
mining and refining copper, and have introduced mated Co. “ getting the benefit” from 199,000,000 lbs.
numerous economies of operation of one kind or an­ of copper, as in the late year, an advance of 1 cent a lb.
other. We have in the past alluded to the enormous in price would mean an addition to its profits of,
concentrating and smelting works constructed at roughly, $2,000,000.




1473

THE CHRONICLE

J u n e 12 19 09. j

In the case of the separate roads the results are
R A IL R O A D GROSS E A R N I N G S FOR M A Y .

Returns of railroad gross earnings continue to pre­
sent the same characteristics as all through the current
calendar year. Not alone does improvement remain

precisely the same— that is, as compared with the
small earnings of 1908 there has been very substantial
recovery, but this recovery constitutes only a part of

the prodigious losses of last year. It is proper to
the dominant feature, but the gains keep steadily state that some special adverse circumstances con­
rising both in ratio and amount, just as in 1908 (with tributed to swell the amount of the decrease last year,
which we are comparing) the losses kept growing among which must be mentioned particularly excessive
both in magnitude and in percentage. In the main, rain and overflows and floods over wide areas in the
this year’s augmenting increases are directly connected Southwest and also in other districts in the western
with last year’s steadily widening decreases. The fact half of the country. Obviously, however, to the ex­
is an important one to bear in mind, since it puts the tent that these special unfavorable conditions acted to
1909 gains in a different category from those which
were recorded year after year when the country was
enjoying such unexampled prosperity. Then the
gains were evidence of genuine progress and develop­
ment; now they are simply a recovery of a portion of
the tremendous losses sustained by the roads in 1908
when the whole country was suffering from industrial
paralysis to a degree never previously known in its

increase the losses last year, the absence of like draw­
backs in 1909 ought to have worked to bring about an
equally marked recovery the present year; but such
has not proved to be the case. With six very minor
exceptions, all the roads contributing returns for May
show increases, but while these increases are in the
great majority of cases quite large, they look insig­
nificant alongside the much larger losses recorded in

1908.
history.
Our compilations to-day relate to the roads which
A few illustrations will suffice. The Great Northern
have furnished early preliminary estimates of their suffered severely in 1908 on its lines in Montana from
gross earnings for the month of May, comprising an floods, which were said to have been the worst experi­
aggregate of 77,583 miles of line— roughly, about onethird the railroad mileage of the country.
mileage the

roads

On this

reporting show an increase of

$6,320,871, or 1 4 .79% . This is better than the in­
crease recorded in April, when our early compilation
(covering substantially the same roads) showed a gain
of $5,648,072, or 1 3 .10% , and is considerably larger
than the increases for preceding months. The present
gain, nevertheless, falls far below the large loss re­
corded in our early statement for May of last year.
The falling off then amounted to no less than $13,321,­

enced in the history of that State. This, combined
with the intense business depression, caused a drop in
its gross earnings from $5,639,540 in May 1907 to
$3,642,214 in May 1908; for 1909 there is now recov­
ery, but only to $4,128,042.
The earnings of the “ Soo” road dropped from
$1,285,839 in 1907 to $769,561 in 1908 and are now
back to $927,717. The Grand Trunk R y. System
reported gross of $3,908,674 for 1907, $3,096,224 for
1908 and now for 1909 has $3,239,791. The Southern
R y. dropped from $4,825,977 to $3,501,751, with a

780, or 2 4 .0 5 % , and our table at that time did not
include the Great Northern R y ., which had been tardy

recovery to $3,933,574.

in furnishing its figures. With that road included,
the loss would have amounted to no less than $15,­
319,106, or over 2 5 % — in exact figures, 2 5 .1 0 % . As
compared with this loss of $15,319,106 in May last

covery now to $1,057,242.
The Buffalo Rochester &
Pittsburgh reported earnings of $863,858 in 1907,
$487,502 in 1908 and now has $666,133 for 1909. In
the following we furnish a summary of all the increases

year, the recovery the present year of $6,320,871

reported the present year by the separate roads for

manifestly looks small.
In the following we furnish a summary of the May

amounts in excess of $30,000.

aggregates, as registered by our early compilations, for
each year back to 1897. It will be observed that, with
the exception of 1908, there has been only one other
year, namely 1904 (the period of temporary reaction
in trade), which has recorded a decrease.

M ilea ge.
Yea r
G iv en .

■

Year
lit­
P rec’ng. e r 's e .

Gross N a m in g s.
Year
G iven .

Y ea r
P recedin g.

In crease
or
D ecrease

(+ )
(—)

M a y.
Roads .If lies.
M ile s .
S
S
%
8
%
1897- __ 125 93,037 92,963 0.72 37,604,347 36,190,355 + 1,413,992 3.91
1898- __ 128 90,800 95,748 1.10 44,342,892 38,094,312 + 5,648,580 14.59
1899. __ 111 91,958 90,390 1.73 44,569,301 41,801,285 + 2,708,016 0.46
1900- __ 114 97,537 95,638 1.98 52,845,746 47,911,099 + 4,934,047 10.29
99 99,916 90,630 3.39 57,403,999 52,107,814 + 5,230,185 10.03
190184 91,858 90,202 1.70 54,942,317 50,323,090 + 4,019,227 9.17
190281 101,759 99,723 2.04 70,028,295 02,505,093 + 7,402,602 11.92
190300 85,108 82,820 2.70 52,134,881 54,001,002 — 1,860,181 3.44
190453 74,707 73,230 2.09 48,367,104 44,543,718 +3,823,380 8.58
190571 90,593 94,398 2.33 79,065,712 09,742,590 +9,323,116 13.37
190007 93,040 92,180 1.59 83,011,407 72,722,063 + 10,889,344 14.97
1907.
79,369 77,918 1.87 45,710,111 61,035,217 —15,319,100 25.10
53
1908
50 77,583 70,243 1.70 49,188,578 42,807,707 + 6,320,871 14.79
1909
31.
J a n . Lto M a y
124 93,30.8 92,034 0.72 179.431,982 180,894,891 — 1,462,909 0.81
1897
126 90,708 95,598 1.10 212,802,404 183,519,317 + 29,283,147 15.96
1898
110 91,920 90,752 1.28 192,031,591 183,058,659 + 9,572,935 5.22
1899
113 97,264 95,305 1.99 258,503,791 255,084,715 + 33,419,070 10.81
1900
99 99,910 99,032 0.28 279,458,010 255,282,597 + 24,175,443 9.47
1901
84 91,858 90,202 1.70 204,531,088 244,134,988 + 20,390,100 8.35
1902
1903
81 101,759 99,723 2.04 340.451,843 300,727,974 +39,723,809 13.21
1 60 85,108 82,820 2.70 254,210,014 259,877,293 —5,667,279 2.18
1904
' 51 74,510 72,973 2.09 231,262,020 217,158,045 + 14,103,975 0.49
1905
1 70 06,517 94,322 2.32 379,538,324 327,370,540 + 52,107,778 15.93
1906
*1 07 93,040 92,180 1.59 380,802,330 347,530,821 + 33,271,509 9.SO
1907
;i 51 72,795 71,553 1.73 213,070,580 252,904,500 -39,893,974 15.77
1908
50 77,583 76,243 1.76 241,351,924 210,821,652 +24,530,272 11.33
1909 —
N o te .—Wo

do not Include the Mexican roads In any of the years.




The Texas & Pacific suffered

a decrease from $1,358,480 to $847,585, with a re­

PRINCIPAL CHANGES IN GROSS EARNINGS IN M AY.
T n rrp n
Increases.
586,265
Canadian Pacific________ 5995,000 Chicago & Alton________
77,640
552.000 Cine New Orl & Tex Pac.
Missouri Pacific (2)______
70,631
530,551 Chicago Ind & Louisville.
Illinois Central__________
69,964
519,668 Ala N O & Texas Pac (3).
Chesapeake & Ohio______
65,200
485,828 Canadian Northern--------Great Northern (2)______
61,423
431,823 Kansas City Mex & Orient
Southern Railway_______
56,490
376,307 Duluth So Sh & Atlantic.
Louisville & Nashville__
53,916
265,100 Mobile & Ohio____________
Denver & Rio Grande__
50,582
209,657 Atlanta BIrm & Atl______
Texas & Pacific_________
208,187 Central of Georgia_________
47,000
Wabash_________________
40,039
178,631 Alabama Great So______
HufTalo Roch & Pitts___
177,004 Mlnneap fc St Louis_____
32,803
Colorado & Southern___
158,156 Texas Central____________
32,640
Mlnneap St P & S S M .. .
143,567
Grand Trunk (4)________
123,208 Representing 36 roads In
St Louis Southwestern—
our compilation_______56,201,280
102.000
International Great Nor.
Note.—’Figures In parenthesis after name of road Indicate number of
lines or companies t o r which separate returns are given In our compilation.

The improvement now recorded follows mainly as
a result of the better trade conditions which have pre­
vailed in 1909 and the absence of those special dis­
turbing features already noted which had con­
tributed to augment the amount of loss in 1908. In
the South many of the roads had a further advantage
in a larger cotton movement. On the other hand,
in the West the grain movement did not quite equal
that of last year, speaking of it collectively, notwith­
standing the extraordinarily high prices prevailing in
1909 for all kinds of grain. The falling off was chiefly
in the item of wheat. At Chicago, where speculative
operations in grain were most pronounced, the deliv­
eries of wheat ran ahead of those of last year, and the

1474

THE CHRONICLE

same is also true of the deliveries at Minneapolis; but
at the other principal primary markets of the West

[VOL LXXXVIII

EARNINGS OF SOUTHERN GROUP.
M ay.

1909.

1908.

1907.

1906.

1905.

1904.

the wheat receipts showed considerable contraction.
S
$
S
$
$
S
Ala Gt South.. r293,344 7253,305 7362,693
315,943
277,976
254,526
Altogether the wheat deliveries at Chicago and the Ala N O * T l>
N O & N E’n 7253,164 7205,662 7272,091 7262,768
236,188
182,115
Ala & Vicks. r 115,635 7113,436 7130,567 7121,695
other principal Western points aggregated only
91,102
105,865
Vicks Sh A 1> rll(J,593
790,330 7122,118 7121,293
111,528
97,208
Atl
B’ham
&
A
rl59,238
7,010,515 bushels for the four weeks ending May 29 Cent of Georgia r766,000 7108,056 141,977 110,816
81,546
54,710
7719,000
955,735
875,087
763,552
660,127
Ches & Ohio.. r2,337,297 71,817,629 2,390,938 2,196,342
1,802,480 1,617,942
this year, against 9,343,364 bushels in the correspond­ Cln N O * T P. 7668,129 7590,484 7821,124
758,023
643,351
610,510
& Nash r3,635,980 r3,259,673 4,050,858 3,839,512 3,206,274
2,920,407
ing four weeks in 1908. Adding corn, oats, barley Loulsv
Mobile A Ohio. r754,437 7700,521 7947.725
873,272
715,975
652,044
Southern Ry__ 73,933,574 73,501,751
4,531,675 3,850,972 3,532,129
and rye, the aggregate grain receipts for the four weeks Yazoo & M V. a703,943 <1683,618 74,825,977
703,953
728,959
599,460
581,444
Total_____ 13,731,334 12,044,025 15,725,756 14,735,385 12,395,167 11,254,264
in 1909 were 31,693,288 bushels, against 34,390,757
bushels last year. The following gives the details of
the Western grain movement in our usual form.
WESTERN GRAIN RECEIPTS
Four weeks end F lo u r .
W h eat.
C orn .
Oats'.
B a rley.
itig May 29.
(bbls.)
(bush .)
(bu sh .)
(bush .)
(bush.)
Chicago —
1909______
540,230 1,382,000 5,852,300 7,078,500 1,440,000
1908........... 012,587
999.650 5,925,368 7,684,700 1,045,979
M Uwaukee —
1909...........
185,325
338,600
264,000
581.000
252,500
1908______
233,025
084.000
79,000
544.000
771,000
S t. L o u is —
1909______
147,610
274,070 1,078,430 1,008,810
191,300
1908______
180,705
946.652 2,376,425 1,473,600
59,800
T oled o —
1909...........
108,000
299,200
108,700
1908...........
291.700
240,800
164,000
D etroit —
1909 ...........
41,934
142,875
101,517
1908 ............
9,800
133.832
150,282
94,249
Cleveland —
1909...........
5,248
27,507
333,078
403,053
17,550
1908______
5,310
78.798
111,885
261,382
39,594
P eo r ia —
1909...........
138,000
23,000 1,092,691
607.500
135,000
1908...........
75,180
61.000
914,100
646.500
87,100
D u luth —
1909...........
457,500
302,624
129,333
165,102
1908.........
315,000
791.962
40,165
13,422
M in n e a p o lis —
1909...........
3,951,280
362,340
584,800
508,646
1908______
3.766.370
211.080
607,050
226,170
K a n sa s C ity —
1909...........
556,500
771,100
398,500
.........
1908...........
.......... 1,589,400
777,900
226,700

EARNINGS OF SOUTHWESTERN GROUP.
R ye.
(bu sh .)

31.000
75.000
42,000
71,100
8,013
13,171
8.500
8.500

Jan.

1 to M a y 29—

Chicago —

1909
. 3,354,121
1908........... 3,893,857
M ilw a u k ee —
1909............. 1,194,878
1908............ 1,007,680
S t. L o u is —
1909___ . . . 1,036,075
1909
1908

680
33,891
74,750
62,480
........

5,258,748 34,836,071 32,662,060 11,067,693
3,934,027 39,332,671 39,994,194 7,089,222

522,000
631,371

1,753,000 3,055,300 3,447,600 3,655,700
3,010,000 1,337,000 3,869,200 4,975,800
4,061,870 10,035,740 6,705,935 1,640,000
961,865 5,000,410 11,096,314 10,528,800
869,589
582,400 1,446,800
.................
589,600
3,155
798,000 2,674,900
.................
992,000

447,900
460,500
115,463
171,670

_ .

414,609
541,563

689,459
686,849

..........

. .

43,200
30,500

50,300
68,100
24,260
22,361

112,895 2,018,656 2,245,964
353,428 3,646,770 1,902,547

201,738
109,335

738,828
444,030

286,305 6,397,433 2,979,080
544,900 8,003,500 4,435,500

1,442,000
666,100

139.000
141.000

1,164,726
397,620

26,815
65,995

1909______
24,474,880 2,082,166 4,207,870 5,454,534
1908
___________28,294,283 2,052,720 6,378,100 3,554,670
1909
....................8,152,850 4,555,200 2,393,000
8,038,770 3,966,800 2,020,300
1908...........

558,687
681,260

1909
1908

Cleveland—
1909
1908

Peoria—
1909
1908

Duluth—

.

1909
1908_______

M in n e a p o lis —

715,795 5,123,506
572,061 8,385,307

K a n sa s C ity —

974,723
1,458,085

366,091
1,043

949,566
1,563,136

* For 1909, 1908, 1907, 1906 and 1905 Includes all affiliated lines except Trinity
A Brazos Valley Rlt. For 1904 we have combined Colorado A Southern and Fort
Worth A Denver City.
r Figures are on the new basis ot accounting prescribed by the Inter-State Com­
merce Commission.

M ay.

Canadian Pac.
Chic Gt West*
Dul S Sh A Atl
Gt Nor System
Iowa Central..
Minn A St L ..
MlnnStPASSM
Total..........

. .

Detroit—

1909.J]

EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.

2,710,098 174,943
2,243,005 275,142

.

1908

Toledo—

1908.
1907.
1906.
1905.
1904.
8
$
$
8
$
$
Colo A South*. rl, 143.973 7966,969 71,126,754
954,548
821,899
536,769
Den A Rio Gr. r 1,703,600 71,438,500 71,822,900 1,702,482 1,447,360 1,318,682
Int A Gt Nor.. r577,000 7475,000
680,308
528,024
490,503
366,830
Mo Pac A C’Br 3,587,000 3,035,000 4,214,943 3,827,063 3.511,290 3,289,412
St L A Sou W. r760,114 7636,906 7861,976
767,832
672,964
558,461
Texas A Pac.. rl ,057,242 7847,585 71,358,480 1,006,355
877,163
798,891
Total_____ 8,828,925 7,399,960 10,065,361 8,786,304 7,821,179 6,869,045
M ay.

10,000
11,000

T ota l o/ all —

1909............. 1,474,513 7,010,515 10,796,014 11,001,718
_ 1,432,219 9,343.364 10,786,840 11,742,340
1908

“ luuuura oumc ungt ituma ui moilin' m i previously included In monthly returns*
r These figures are on the new basis ot accounting prescribed bv the Inter-State
Commerce Commission.

_____

o/ all—
1909.......... 7,114,257 50,221,063 65,768,180 56,870,140 25,635.546 1,853,005
1908______ 0.969.954 58.900.688 73.629.809 72,376,026 18.262,336 2,082,302

T ota l

W ith reference to the cotton movement in the

1909.

1908.
1907.
1904.
1906.
1905.
8
8
$
S
$
S
6,333,000 5,338,000 6,937,135 5,579,003 4,229,131 4,113,626
r614,382 7585,484 7722,264
720,365
609,812
586,531
7241,674 7185,184 7304,854
269,726
181,925
252,279
4,128,012 63,642,214 5,639,540 4,381,023 3,667,593 3,044,643
7224,290 7201,589
255,910
229,462
207,375
178,219
7291,719 7258,910 7326,101
304.661
253,521
197,311
927,717
769,561 1,285,839
937,260
672,907
489,229
12,760,824 10,980,948 15,471,043 12,421,500 9,892,678 8,791,484

* Results arc based on 111 miles less road beginning with 1905.
Actual figures of earnings are now used for comparison.
Figures are on new basis of accounting prescribed by the Inter-State Com­
merce Commission.
b
r

EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
M ay.

1909.
$
7666,133
7453,879




1907.
$
7863,858
7521,415

1906.

1905.

$
387,553
510,841

$
769,447
496,973

1904.

$
Buff Roch A P
021,191
Chic Ind A Lou
454,773
GrTr’kof Can]
Gr Tr W ... \ 53,239,791 3,096,224 3,908,674 3,403,704 3,081,167 2,976,555
D Gr II AMJ
Illinois Central a4,580,566 <[4,050,015 4,862,104 4,258,971 3,821.078 3,794,563
94,293
115,397
Tol Peor A W.
102,658
790,295
776,387
104,110
356,815
369,056
Tol StL A W .. 7265,873 7257,417
310,495
298,417
Wabash ____ r2,059,724 71,851,537 2,281,071 2,018,867 1,860,198 1,889,106
Total.......... 11,266,161 10,112,330 12,921,575 11,031,044 10,442,010 10,138,715
$
7487,502
7383.248

a Embraces some large Items of Income not previously Included In monthly returns.
b Includes Canada Atlantic beginning with October 1904.
r Figures are on the new basis of accounting prescribed by the Inter-State com­
merce Commission.
GROSS EARNINGS AND MILEAGE IN MAY.

Mileage.

G ross E a r n in g s.
N a m e o f R oad.

Alabama Great South.
Alabama N O * Tex P
New Orleans & N E.
Alabama & V lcksb..
Vlcks Shreve & Pac.
Atlanta Blrm. & Atlan.
Roch. A Pitts.
bales in 1907. The port receipts were 419,923 bales, Buffalo
Canadian Northern___
Canadian Pacific______
against 230,346 bales and 250,876 bales respectively, Central of Georgia___
Chattanooga Southern.
as will be seen by the following:
Chesapeake & Ohio___
Chicago & Alton_____
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MAY, AND FROM JAN. 1 Chicago Great Western
Chicago Ind & Loulsv.
TO MAY 31 1909, 1908 AND 1907.
Cln N O & Texas Pac. .
Colorado & Southern..
Denver & Rio Grande.
M a y.
S in ce J an u a ry 1.
Detroit A Mackinac__
P o rts.
Detroit Tol & Ironton.
1908. 1907.
1909.
1909.
1908. __1907.
Ann Arbor_________
Galveston........... .....bales. 116,986 78,907 87,950 1,132,303 1,013,249 1.572 026 Duluth So Sh & Atl__
Georgia
South & F la..
Port Arthur, Ac................. 10,633
4,236 216,822
82,453 104,010
New Orleans..................
123,833 74,356 52,792 819,232 823,156 910,583 Grand Trunk of Can. . 1
Grand Trunk West. I
Mobile......... ......... .
20,580 10,059 6,880 125,813
97,375
77,674
Det Gr H & Mil___
Pensacola, Ac.............
78,302
19,664 4,830 4,863
72,804
70,210
Canada Atlantic__ J
Savannah ________
60,640 26,664 47,079 378,537 333,712 378)613
Northern_____ l
Brunswick...........
6,522
247 2,366 103,249
66,068
64,513 Great
Eastern of Minn__ 1
charleston...............
59,821
6,880 3,177 1,329
30.165
30,270
Montana Central__ J
Georgetown...............
50
200
144
1,270
371
352 Illinois
Central_______
Wilmington____
11,924 15,090 6,369 112,870 119,201
70,751
A Gt North
Norfolk_____
41,396 16,163 35,934 190,600 164,912 214,217 Internat
Iowa Central..
Newport News, Ac...........
13,325
665
650 1,028
1,670
28)532 Kan City Mcx A Orient
Total....................
419,923 230,346 250,876 3,232,156 2,805,136 3,521,751 Louisville & Nashville.
Macon & Birmingham
Mineral Range________
Minn & St Louis .
Minn St P & S S M___
To complete our analysis we furnish the following Mo
Pac A Iron Mt___
Central Branch____
six-year comparison of the earnings of leading roads, Mobile
A Ohio..............
Nevada-Cal-Oregon__
arranged in groups.
Rio Grande Southern. _

South, the gross shipments overland were 89,809 bales
in May 1909, against 64,963 bales in 1908 and 58,450

1908.

1909.

1908.

In c . ( + ) or
D e c . (— ) .

1909.

1008.

$
253,305

3
+ 40,039

300

309

203,164
115,635
110,593
159,238|
666,133
720,100;
6,333,000
760,000
1/3,748
2,337,297
938,189
014.382
453,8791
668,129
1,143,973
1,703,000
91,531
100,498
135,286
241,674
161,885

205,062
113,436
90,330
108,656
487,502
054,900
5,338,000
719,000
1/4,997
1,817,029
851,929
585,484
383,248
590,484
966,969
1,438,500
95,292
108,433
135,571
185,184
135,213

+47,502
+ 2,199
+ 20,263
+ 50,582
+ 178.631
+ 05,20(1
+ 995,00c
+ 47,000
— 1,249
+ 519,668
+ 86,26(1
+ 28.898
+ 70,631
+ 77,645
+ 177,00 1
+ 265,100
— 3,761
— 7,035
— 285
+ 56,400
+ 26,672

196
143
171
042
568
3,224
0,426
1,916
99
1,806
998
818
616
336
1.953
2,561
348
438
300
593
305

195
143
171
494
568
2,874
9,230
1.913
99

3.239,701

3,090,224

+ 143,507 4,528 4,528

S
293,344

1.005
617
2,546
344
486
1300
592
395

4,128,042

3,042,214

+ 485,828

0,900 6,603

4,580,566
577,000
224,290
129,823
3,635,980
9,741
68,983
291,719
927,717
3,465.000
122,000
754,437
41,43()|
42,333'

4,050,015
475,000
201,589
68,400
3,259,673
9,330
69,119
258,910
709,561
2,922,000
113,000
700,521
20,443
45,734

+ 530,551
+ 102,000
+ 22,701
+ 61,423
+ 376,307
+411
— 136
+ 32,803
+ 158,156
+ 543,000
+ 9,000
+ 53,916
+ 14,087
— 3,401

4,519
1,159
558
056
4,388
105
129
1,027
2,394
6,101
388
1,098
184
180

4,594
1,159
558
543
4,348
105
127
1,027
2,394
6,091
388
926
104
180

J u n e 12 19 09. |

THE CHRONICLE
Gross Earnings.

Name of Road.
1909.

$
760,114
3,933,571
67,683
1,057,242
90,295
265,873
2,059,724
703,943

St Louis Southwestern.
Southern Hallway____
Texas Central________
Texas & Pacl lie__ ____
Toledo Peoria & West.
Toledo St Louis & West
W abash_____________
Yazoo & Miss V alley..
Total (50 roads)___
Net Increase (14.79%)

Mileage.

Inc. ( + ) or
Dec. (—-). 1909. 1908.

1908.
$
636,906
3,501,751
35,043
847,585
76,387
257,417
1,851,537
683,618

$
+ 123,208 1,470 1,470
+431,823 7,055 7,015
268
268
+ 32,640
+ 209,657 1,885 1,885
+ 13,908
248
248
+ 8,456
451
451
+ 208,187 2,515 2,515
+ 20,325 1,371 1,371

49,188,578 42,867,707 + 6,320,871 77,583 76,243

Mexican Roads (not 1 ncludcd In total):
Interoceanlc of Mexico.
618,863
604,976
Mexican International.
590,783
620,162
Mexican Railway____
1/440,100
1/437,800
Mexican Southern____
1/74,620
1/68,392
Nat Rys of Mexico___
4,439,309
4,052,315

736
736
+ 13,887
918
— 29,379
918
321
+ 2,300
321
263
+ 6,228
263
+ 386,994 5,273 5,165

V These figures are for the first three weeks only In both years.
GROSS EARNINGS FROM JANUARY 1 TO MAY 31.
Name of Road.
Alabama N O & Tex Pac—
New Orleans & Nor Has
Alabama & Vicksburg..
Vicks Shreve & Pacific..
Atlanta H’ham & Atlantic.
Canadian Northern.
Canadian Pacific__
Central of Georgia. .
Chesapeake & Oldo.
Chlcago & Alton —
Cine New Orl & Tex Pac.
Colorado & Southern___
Denver & Rio Grande___
Detroit & Mackinac_____
Detroit Toledo & Ironton
Ann A rbor____________
Grand Trunk of Canada..
Grand Trunk Western.
Detroit Gr Hav & Mllw.
Canada Atlantic_______
Great Northern
Eastern of Minn
Montana Central
allZI III}
Illinois Central
Intcrnat'l & Gt Northern
Iowa Central__________
Kansas City Mcx & Orient.
Louisville & Nashville.
Macon & Birmingham
Mineral Range__ ____
Minneapolis & St Louis__
Mlnneap St Paul & S S M ..
Mo Pacific & Iron Mtn___
Central Branch . .
Mobile & Ohio______
Ncvada-Cal-Oregon. .
Rio Grande Southern____
St Louis Southwestern___
Southern Railway
Texas Central
Texas & Pacific.......... ........
Toledo Peoria & W estern..
Toledo St Louis & Western
Wabash__________________
Yazoo & Mississippi Valley

1909.
S
1,451,202

1908.
$
1,251,388

Increase.

Decrease.

$
199,814

1,327,940
1,092,565
235,375
638,413
604,437
33,976
570,206
547,884
22,322
896,350
552,968
343,387
2,738,951
2,468,046
270,905
3,228,800
3,030,10(1
198,700
28,903,869 24,888,271 4,075,598
4,411,963
4,216,244
195,719
1/28,068
2/30,889
10,753,861
8,943,750 1,810,111
4,840,838
4,563,969
276,869
3,092,829
3,076,337
16,492
2,075,193
1,841,752
233,441
3,265,019
2,878,438
386,581
5,851,871
5,364,020
487,851
8,013,795
6,837,722 1,176,073
492,485
454,920
37,565
524,327
525,132
061,218 . 048,186
13,032
1,060,823
989,140
71,077
870,920
756,894
114,026
14,719,877

14,173,685

546,192

17,951,654

16,220,486

1,722,108

23,299,167 21,722,498 1,576,069
3,098,441
2,591,771
506,670
1,233,723
1,161,793
71,930
007,777
341,604
266,113
18,430,644 16,633,405 1,803,239
55,220
55,610
330,823
319,981
10,842
1,526,380
1,309,438
156,942
3,848,030
4,438,526
590,496
17,906,088 15,173,309 2,732,719
655.000
573,000
82,000
4,014,800
3,541,741
473,065
159,343
117,547
41,796
211,081
214,753
4,017,793
3,425,073
592,720
20,929,543 18,915,401 2,014,142
441,704
301,728
140,036
5,015,820
5,156,126
459,694
478,668
428,180
1,310,022
1,338,687
10,164,004
9,449,415
714,649
4,041,241
4,125,724

5

1475

With a view to opening the way for the investment of
American capital in Chinese Imperial loans, and more par­
ticularly, it is understood, to assert its right to participate in
the $27,500,000 Chinese loan for the financing of the HankowSzechuen R y., a syndicate of American bankers announced
this week its intention of sending an agent to China to in­
vestigate the situation. Willard D. Straight, U. S. ConsulGeneral at Mukden, China, is the representative chosen.
The syndicate includes J. P. Morgan & Co., Kuhn, Loeb
& Co., the lirst National Bank and the National City Bank
of New \ ork, and additional interest is given the movement
by reason of the fact that the American Government, which
has heretofore withheld its support in proceedings of a like
nature, has decided to co-operate with the syndicate in its
efforts. While it is stated that it is the intention of the syn­
dicate, at the present time, to concern itself primarily with
Government loans, or enterprises supported by the Govern­
ment, it is thought not unlikely that its operations will ulti­
mately be extended to the financing of railroads or other
undertakings of a meretorious nature.

I he postal savings bank plan was the subject of addresses
by two Chicago bankers on the 3d inst.— one speaking before
Group 3 of the Illinois Bankers’ Association and the other
before Group 3 of the Wisconsin Bankers’ Association. The
2,821 topic was discussed at the meeting of the Illinois Group by
Lucius leter, President of the Chicago Savings Bank &
Trust Company, who, it is stated, in condemning the plan,
asserted that it is the duty of the bankers to unite in teaching
the public that the savings departments of State and national
805 banks are safe, and that there is no necessity for a Govern­
ment Bank.
George E. Roberts, President of the Commercial National
Bank of Chicago attacked the proposition at the Convention
le Wisconsin Group and argued that under the system
roposed in the Carter Bill the rate of interest would

390

3,672

to its care would prohibit such investments as real estate
ortgages, which are particularly profitable.
— L. A. Goddard, President of the State Bank of Chicago,
so expressed antagonistic views toward the postal savings
ink plan, at the annual meeting of Group II. of the Illinois
inkers’ Association at Peoria on the 9th inst. Mr. God-

50,488
28,605
84,483

the deposit-guaranty scheme, because of

Total (50 roads)__
.
241,351,924 216,821,052 24,701,596
Net Increase (11.33%)___
24,530,272

171,324

Mexican Roads (not Incl uded In tot al) —
Interoceanlc of Mexico___
2,921,650
3,263,071
Mexican International___
2,954,873
3,180,240
Mexican Railway................. 2/2,844,300 2/3,155,000
Mexican S outhern.._____
2/539,006
2/503,452
National Railways of Mex. 18,824,715 18,082,943

341,421
225,367
310,700

While the work of selecting the speakers for the con­
vention of the American Bankers’ Association, to be held in

V These figures are down to the end of the third week of May only, In
both years.

cured from J. B. Forgan, President of the First National
Bank of Chicago, assurances of his willingness to address the
bankers. Comptroller of the Currency Lawrence O. Murray
has also been approached in the matter, the occasion be­
ing deemed a most opportune one for a discussion of the re­
cent reforms inaugurated by him. At a meeting of the
Chicago Clearing-House Association on the 4th inst., the
following committee was named to perfect the plans for the
business and social ends of the program: George M. Rey­
nolds, President of the Continental National Bank and Presi­
dent of the American Bankers’ Association, as general chair­
man; Joseph T. Talbert, Vice-President of the Commercial
National Bank and President of the Chicago Clearing House;
David R. Forgan, President of the National City Bank;
Charles G. Dawes, President of the Central Trust Company;
August Blum, Vice-President of the First National Bank;
W. T. Fenton, Vice-President of the National Bank of the
Republic; S. R. Flynn, President of the Live Stock Exchange
National Bank; John J. Abbott, Vice-President of the Ameri­
can Trust & Savings Bank, and B. C. Sammons, Assistant
Cashier of the Corn Exchange National Bank.

35,554
741,772

ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— The public sales of bank stocks this week aggregate
350 shares, of which 335 shares were sold at auction and 15
shares at the Stock Exchange. The transactions in trust
company stocks reach a total of 42 shares. Stock of the
Trust Co. of America, which sold last February at 3253^,
was dealt in this week at 37G. A sale of 5 shares of Lawyers’
Title Insurance & Trust Co. stock was made at 257— an ad­
vance of 18% points over the price paid at the last previous
sale in May.
Shares. BANKS— New York.
Low. High.
z85 City Bank, National________
343
.. 343
350
10 Commerce, Nat. Bank o f_188
. . 188
188
•5 Mechanics’ Nat. Bank____. . 252
252
252
137 Northern B an k ......................
10794 108 94
.. 107
.. 467
101 Park Bank, National...........407
467
BANK—Brooklyn.
12 94 Union Bank (trust rects.). .- 100
100
TRUST COMPANIES—■New York.
.. 257
5 Lawyers' Title Ins. & Tr._
257
. 370
37 Trust Co. of America______370
376

Close.
350
188
252
107 94
407

Last previous sale.
May 1909— 345
June 1909— 188
May 1909— 251
May 1909— 109
April 1909— 470

100

May 1909 —

100

257
370

May 1909 —
Feb. 1909—

238)4
325 94

rr’ * Sold at the Stock Exchange, x Of this amount 10 shares were sold at
the Stock Exchange.

— A New York Stock Exchange membership was reported
transferred this week, the consideration being stated as
$35,000.



— The one hundred and twenty-fifth anniversary of the
opening of the Bank of New York, N. B. A., occurred this
week. The institution is the oldest bank in the State, and
the second oldest in the United States, the seniority in this
respect being held by the Bank of North America of Phila-

1 4 76

THE CHRONICLE

delphia. The Bank of New York was organized on March 15
1784 and began business on June 9 of that year. One of its
founders was Alexander Hamilton, who wrote its constitu­
tion, and who acted as its counsel until he became Secretary
of the Treasury under Washington. Gen. Alexander McDougall was its first President, and its board of directors also
included Samuel Franklin, Isaac Roosevelt, John Vanderbilt
and Joshua Waddington. Except for a brief period in 1799,
when it was obliged to vacate its quarters temporarily, owing
to the yellow fever epidemic, the bank has occupied its pres­
ent site at William and Wall streets since 1798. The in­
stitution was incorporated as a national bank in 1865, the
original name being perpetuated through the addition of
“ N. B. A .” to its title. It has a working capital of $5,400,­
000, $2,000,000 of which represents the capital paid in,
$2,500,000 the surplus fund and $908,357 the undivided
profits under date of April 28 last. The aggregate resources
at that time amounted to $36,741,713. The institution is
under the presidency of Herbert L. Griggs.
— Gustav Amsinck, of the firm of G. Amsinck & Co., com­
mission merchants, of this ' city and a member of the
board of several banking institutions, died on the 8th inst.
Mr. Amsinck had been a director of the Bank of New York,
N. B. A., since 1879. He wasjalso a*trustee of the Atlantic
Mutual Insurance Company and the Hamburg-Bremen Fire
Insurance Company, a director of the London Assurance
Corporation and a member of the Coffee and Produce Ex­
changes. He was seventy-two years of age.
— New proof of the progress made by the Knickerbocker
Trust Company of this city during the fifteen months
since its reorganization is furnished in the announce­
ment that on August 1 it will pay 25% of the Surplus
Certificates, “ Series A ,” held by the depositors. It will
be recalled that in April the company met the final install­
ment on the certificates representing 70% of the deposi­
tors’ claims, although it had until August 26 1910 in
which to pay the same. The Surplus A Certificates, upon
which payment is now to be made, represent 30% of the
deposits; they bear 4% interest, and under the plan of re­
organization the principal is payable only out of net earnings
and surplus, the latter in no event to be reduced below
$8,000,000 by reason of any such payment.
— The trustees of the New York Life Ins. & Trust Co.,
52 Wall St., this week elected S. M. B. Hopkins Third Vice­
President. Mr. Hopkins has been identified with the in­
stitution for over forty years. The personnel of the officers,
trustees and employees of the company is distinguished for
long and constant service. Its oldest trustee and executive,
Henry Parish, has been President since 1871 and an active
officer since 1869, while his connection with the institution
as a trustee dates back to 1864. Walter Kerr, now First
Vice-President, began his association with the company
in 1872; Henry Parish Jr., Second Vice-President came to
the company in 1877, while Mr. Walker, the present Cashier,
has been affiliated with it for forty-four years. The board
of trustees numbers in its membership, past and present,
many representatives of the oldest Knickerbocker families.
The New York Life Ins. & Trust Co. was chartered in 1830
and is the second oldest trust company in the city.
— Thomas J. Barnett retired as Vice-President of the Farm­
ers’ Loan & Trust Company of this city at the annual meet­
ing on Monday, on account of impaired health. He had
been connected with the institution for thirty-nine years.
The following new directors were elected this week: Percy A.
Rockefeller, Frank -A. Vanderlip, John W . Sterling and
Augustus V. Heeley. Mr. Heeley is Vice-President and
Secretary of the company.
— Albert H. Wiggin, Vice-President of the Chase National
Bank of this city, has been elected a director of the Law­
yers’ Title Insurance & Trust Company.
— The annual election of officers of the Carnegie Trust Com­
pany of this city, which was postponed from the 1st to the
8th inst., has been adjourned until the 15th inst., when it is
probable that arrangements for the taking over of the Van
Norden Trust Company, the Nineteenth Ward Bank and
the Twelfth Ward Bank will be completed.
— The Equitable Trust Company of this city has again
increased its quarterly dividend, declaring 5% , payable
June 30 1909 to holders of record June 25. The last distri­




[VOL. LXXXVIII.

bution was 4% March 31 1909, prior to which 3% had
been the quarterly rate. The stock is now on a 20% per
annum basis, as against 12% previously.
— The Audubon National Bank is the title chosen for the
new institution to be organized in the interests of the Wash­
ington Heights residents of this city. The Comptroller of
the Currency has approved the application of its projectors
one of whom is D. S. Mills, formerly Trust Officer of the
Columbia Trust Company, and to whom the presidency of
the bank has been tendered. The offices of the bank, it is
expected, will be at 145th Street and Broadway. It is to
have a capital of $200,000 and there will be a surplus of
$50,000, derived from the sale of the stock at $130 per share,
the premium also supplying funds to meet the expenses en­
tailed in the organization.
— The Clinton Trust Company of Newark, N. J., has been
chartered with a capital of $100,000 in shares of $100 each.
The institution will have quarters on Clinton Avenue, near
Bergen Street.
— The Columbia National Bank of Buffalo is preparing to
issue $300,000 of new stock, the shareholders having re­
cently voted to increase the capital from $700,000 to $1,000,­
000. The stock has all been sold at $350 per share, and is
being paid in at the present time. The premium of $250 per
share will be placed to surplus, so that in addition to a capi­
tal of $1,000,000, the bank will have a surplus of $1,750,000,
besides undivided profits of about $100,000. It is expected
that the increase will be approved by the Comptroller of
the Currency on July 2, at which time the enlarged capital
will become operative.
— Luther Robbins was elected President of the Rochester
(N. Y .) Stock Exchange at the annual meeting on Monday.
Mr. Robbins has operated a brokerage and investment busi­
ness in that city since 1883, and is one of the charter, members
of the Exchange. The other officers elected at this week’s
meeting are Arthur G. Moore, Vice-President; Gurney T.
Curtis, Secretary, and Henry D. Quinby, Treasurer.
— Frederick II. Brigham, head bookkeeper of the Mer­
chants’ National Bank of New Haven, Conn., was arrested
on the 8th inst. on a charge alleging the embezzlement of
$5,000 of the bank’s funds. He is held under bonds of $15,­
000. It is unofficially reported that the disclosures indicate
that the shortage may reach between $50,000 and $60,000.
The contents of a safe-deposit box rented in the name of the
accused and consisting largely of mining securities, the value
of which is estimated at $32,645, were taken charge of b y
the United States Deputy Marshal on the 9th, and a receiver
bonded in $50,000, was named by the Court to take over all
the assets of the bookkeeper. The bank has brought
an attachment suit against the clerk for $100,000. The
accused is 47 years old and had been in the employ of the
bank for eighteen years.
— Samuel R. Earl has been elected Secretary of the Frank­
lin Trust Company of Philadelphia. It is stated that with
the removal of the company on Monday to 15th and Market
streets, it will operate as a “ day and night bank,” remaining
open continuously from 8:30 a. m. to 12 o ’clock at night.
— Joseph W. Marsh, for some years a director of the
Exchange National Bank of Pittsburgh, has been elected
President of the institution, to succeed the late Mark W
Watson. Mr. Marsh is Vice-President and General Manager
of the Standard Underground Cable Co.
— With a dividend of 10% paid to the depositors of the
Cosmopolitan National Bank of Pittsburgh last month, a
total of 50% has thus far been distributed by the receiver.
— The question of increasing the capital of the Traders’
National Bank of Scranton, Pa., from $250,000 to $500,000
will be submitted for the approval of the stockholders on
thq 22d inst. In order to provide proper accommodations
for its growing business, ground has been purchased (cov­
ering 40x167 feet) adjoining the present quarters of the
bank, and plans and specifications are now being prepared
for the erection of a seven-story office building on the entire
lot, to be connected with the present structure of the insti­
tution. On April 28 1909 the bank showed a surplus of
$325,000, undivided profits of $38,966, deposits of $2,436,825
and total resources of $3,300,041.
— Louis M. Childs has been elected President of the Mont­
gomery Trust Co. of Norristown, Pa., to succeed Dr. John

J u n e 12 1909.]

THE CHROiNICLE

N. Jacobs, who recently retired. John J. Corson has become
Vice-President of the institution. While a merger of the
company with the Montgomery National Bank is under­
stood to be contemplated, no definite arrangements to this
end have as yet been arrived at.
— At the annual meeting of the Chicago Stock Exchange
on Tuesday, Frederick D. Countiss was elected President
and David R. Forgan Treasurer for the ensuing year. There
was no opposition ticket in the field. Mr. Countiss is a
member of the firm of S. B. Chapin & Co. He has been a
member of the Exchange since 1896.
— The Commercial National Safe Deposit Co. of Chicago,
which recently decided to begin the payment of dividends
at the rate of 4% per annum, has taken action toward in­
creasing its capital from 82,000,000 to 82,200,000. The
purpose of the new capital, it is stated, is to clean up some
floating indebtedness and leave the way clear for the divi­
dend distributions. The first quarterly payment is to be
made on June 30. The company is the owner of the build­
ing in which the Commercial National Bank has been located
for the past two years. The bank owns in the neighbor­
hood of 75% of the stock of the company, so that the divi­
dends on the latter will revert to the bank’s shareholders.
The deposits of the bank were reported in excess of 850,000,'­
000 on the 3d inst., the highest in its history.
—The proposition to increase the capital of the State Bank
of Chicago from 81,000,000 to 81,500,000 was approved by
the stockholders on Tuesday. The new issue is olfercd to
the shareholders of record July 1 at par, 8100 per share,
the stock being payable on or before July 8. Dividends at
the rate of 12% per annum will, it is stated, be continued on
the enlarged capital; the regular quarterly distribution of
3%> payable July 1 to stockholders of record June 30, has
been declared.
— C. F. Dickinson, until recently Manager of the bond
department of the Colonial Trust & Savings Bank, Chicago ,
died suddenly in New York last week from an acute attack
of pneumonia. He had just formed a connection with the
commercial paper house of George H. Burr & Co. J. F.
Bailey, formerly with the Trowbridge & Niver Co., Chicago ,
is Mr. Dickinson’s successor as manager of the Colonial Trust
& Savings Bank’s bond department.
— W . J. Klingenberg, who has been connected with the
First National Bank of Chicago for eighteen years, has been
elected President of the Sheridan Trust & Savings Bank
of Sheridan Park, Chicago, a charter for which was issued
in February. The other officers chosen for the new insti­
tution are W . G. Arnold, Vice-President, and E. J. A.
Gold, Cashier. 1). B. Scully has been elected Chairman of
the board of directors. The bank has been organized with
a capital of 8200,000 and a surplus of 820,000.
— The stockholders of the Central Bank & Trust Co. of
Memphis, Tcnn., on the 3d inst. approved the recommenda­
tion of the directors to increase the capital from 8250,000 to
8500,000, referred to in these columns May 29.
— The program arranged for the Tri-State Convention
of the Washington, Oregon and Idaho Bankers’ Associations,
to be held in Seattle on the 24th, 25th and 26th inst., con­
tains addresses by Col. F. E. Farnsworth, Secretary of the
American Bankers’ Association; Robert J. Lowry, President
of the Lowry National Bank of Atlanta; George B. Caldwell,
Bond Officer of the American Trust & Savings Bank of Chi­
cago; J. F. Allen of New York City, and George E. Allen
of New York City, Educational Director of the American
Institute of Banking. The discussions of the several speak­
ers will be: “ The Work of the American Bankers’ Asso­
ciation,” by Col. Farnsworth; “ Our Country from a Banker’s
Viewpoint,” by Col. Lowry; “ The Pacific Northwest from
an Eastern Standpoint,” by J. F. Allen; and “ Banker Mak­
ing,” by George E. Allen. Mr. Caldwell’s subject has not
as yet been announced. The three associations are to meet
in joint session on Thursday the 24th, and in the afternoon
of the 25th, each of the associations holding separate ses­
sions on Friday morning. The social features include a
reception on Thursday evening in the new armory, a theatre
party on Friday night and a visit to the Alaska-Yukon-Pacific
Exposition grounds.




1477

pXx* u cta v y l 0>o mnxc vxxa lS n gl isTtJCmtfB
London, Saturday, June 5 1909.
After the rapid rise in quotations last week there has been
comparative quiet in the stock markets this week. This is
due largely to the inability of dealers to carry through the
settlement in the mining market last week. The account
to be settled was the largest since the great boom in 1895.
Since this latter date business in the mining market had so
dwindled that dealers had reduced their staffs. Accordingly,
when investment and speculation on a great scale began a
little while ago, the dealers were taken by surprise and when
the Settlen eat came last -week they were quite incapable
of dealing with it.
They made liberal offers for clerk
assistance. They even begged for help from all parties
willing to oblige them. Yet they were quite unable of
carrying the Settlement through' in a reasonable time.
Practically it dragged on throughout the whole of last week.
Most persons who are acquainted with what was going on
were expecting from hour to hour that there would be a
setback in prices. But that was prevented principally
by the very large French buying of mining shares. A
great French bank bought very large blocks of shares of
several mines in high esteem, and smaller institutions in
Paris followed the example. The active French buying
was accompanied by very considerable German buying
also, and the result was that the whole market was en­
couraged to follow the example thus set. The Stock
Exchange was closed for the Whitsuntide from Friday
evening to Tuesday morning. The interval probably
gave people time to think and the result has been a decided
falling off in activity this week, with large selling to realize
profits. The pause thus brought about will prove beneficial.
It is due mainly to the bad organization of the mining
department of the Stock Exchange. No doubt all the
parties concerned are busily engaged at present in improving
the organization and it is hoped that when the next Settle­
ment begins, on Wednesday morning, dealers will be found
capable of carding it through without much hitch.
Consols and other high-class securities have also been
neglected mainly because of the rush of new issues; but to
some extent also because the outside market owed large
sums to the Bank of England. These sums fell due this
week and the re-payments sent rates up, not very much
indeed, but sufficiently to discourage dealings in highclass securities. British railway stocks, likewise, receded,
mainly because of fears of coal strikes in Scotland and
Wales. The new Eight-Hours Act is the cause of the
present trouble. The coal owners contend that the limit­
ation of the time of labor must reduce the output and
increase the cost of working. Therefore, they demand a
reduction in wages. The miners refuse to agree to a re­
duction and the fear at present is that there may be either
a strike or a lockout.
On the other hand, there has been very good buying in
copper and diamond shares. The United States is reported
to be once more buying diamonds actively. The result is
a decided recovery in the shares. Copper, which fell at the
end of last week, has recovered this week, is, indeed, slightly
higher than it was just before the fall* The belief is that
the consumption of copper is steadily increasing, both
in Europe and in the United States. Hence, there has
been a very strong demand for copper shares both in Paris
and in London. In Paris, business has been very active
this week. There is a hopeful feeling everywhere and
with few exceptions quotations have advanced. In Ger­
many, on the contrary, markets have been dull, owing
largely to the general depression in business and partly
to the deadlock in the Reichstag caused by the refusal
of the Agrarians and the Centre to agree to the proposed
new taxes of the Government.
Money has been in good demand in London, Paris and
Berlin during the week. In London the demand is caused,
firstly, by the unusually large balances maintained by the
Government at #the Bank of England; secondly, by the
beginning of a recovery in trade, which is causing money
to be withdrawn from London for the manufacturing dis­
tricts— the demand for the manufacturing districts is small
as yet, but even small as it is, has somewhat affected rates—
thirdly, by the agricultural demands usual at this time of
the year and the Whitsuntide holidays; and, fourthly, by
the more active speculation. In Paris it is believed that
trade is decidedly improving. There have been numerous
new issues. Preparations are being made for other issues.
And, as already said, French banks have bought mining
shares upon a very great scale in London. In Germany
the dearness of money is partly due to the continuous
borrowings of the Imperial Government, the various State
governments and the great municipalities and partly to
the determination of the Imperial Bank to discourage
speculation. It is keeping its rate of discount at 3jaj per
cent expressly to prevent speculation. Moreover, a very
large proportion of the recent loan to the Government is
being paid for in full. The proceeds are being handed over
by the Government to the Imperial Bank to repay debt.
Thus very large amounts of money have been drawn from

1478

T H E C H R O N IC LE

[VOL. L X X X V I I I .

the general public and for the time being are locked up in
The India Council offered for tender on Wednesday 80 lacs
the Imperial Bank.
and the applications exceeded 7253^ lacs, at prices, ranging
The India Council offered for tender on Wednesday 80 lacs from Is. 3 15-16d. to Is. 3 31-32d. per rupee. Applicants
of its bills and the applications amounted to 989 lacs at for bills at Is. 3 15-16d. and for telegraphic transfers at Is.
prices ranging from Is. 3 15-16d. to Is. 4d. per rupee. 3 31-32d. per rupee were allotted about 11 per cent of the
Applicants for bills at Is. 3 31-32d. and for telegraphic amounts applied for.
transfers at Is. 4d. per rupee were allotted about 34 per
cent of the amounts applied for.
English Financial Markets— Per Cable.
The
daily
closing quotations for securities, &c., at London,
London, Saturday, May 29 1909.
by cable, have been as follows the past week:
The end of the May Settlement on the Stock Exchange be­ as reported
London,
gan on Monday morning in the mining market and disclosed
Week ending June 11.
Sat.
Mon .
Tues.
Wed.
Thurs.
Frl.
24 4
the largest account open since the great boom of 1895. The S ilv er, per o z ______________ d_ 24'A
24 5-16 24 3-16 24 3-16
244
C onsols, new , 2\4 p e r c e n t s .- 84 5-16 8 4 4
844
84
8
4
4
8
44
speculative account probably is not as large as it seems to
F o r a c c o u n t _________ ______ 84 7-16 8 4 4
844
844
be for, in the first place, there has been buying of mining F ren ch R en tes (In P aris) . f r . 9 7 .0 7 H 9 8 .1 0 98.1 5 98.10 98 84.04 2 4 I 89 48 4.0 2 4
a m a ted C op p er C o . . . 8 9,4
904
884
884
874
884
securities during the account on an unprecedented scale by Al) mA na lg
a con d a M ining C o ---------- 1 0 4
104
104
10 4
104
104
French purchasers of very good standing. For example, A tc h iso n T o p e k a & S a n ta F e..1 1 7 4
117
1174
1174
U 74
C 1 18 4
108
1084
re fe r re d _____ ______ ______ 1 0 7 4
1084
1084
1084
the Banque de Paris et des Pays Bas bought outright early B aPltim
.122
121
122
ore & O h io ____________
1214
1224
1214
last week 50,000 shares of the Ferreira Deep Company and
P re fe r re d ____________ ______ . 9 6 4
964
964
964
964
964
189
1884
1874
1884
1884
bought an option for 50,000 shares more. Since then it has C a n a dia n P a c ific. ---------------- .1 8 9 4
81
804
C hesapeake & O h i o -------------- . 8 0 4
804
794
794
bought 50,000 shares of the Crown Deep and, it is said, C h ica g o C roa t W e ste r n _____ 4 M
5
5M
44
54
44
159
1594
1594
has acquired an option for the same amount. It is reported C hica go M llw . it- S t. P a u l . . . 1 6 0 4 1 6 0 4 159
53
524
D en v er it R io G ra n d e ............ . 52
514
524
that it is in negotiation at present for the purchase of other
91
914
914
914
P re fe r re d __________________ 91
914
38
374
3 7 .4
384
large blocks of shares.
E r i e __________________________ 38
394
5 5 }£
55
55 4
54
F
irst
p
r
e
fe
r
r
e
d
...............
.......
5
5
4
5
6
4
All these important transactions will, of course, be paid
45
46
45
454
47
S econ d p r e fe r r e d _________ 44
154
1544
153
154
for at once and it is known that smaller institutions in Paris Illinois C en tra l______________ 152
153
1
4
8
4
1
4
8
4
1
464
.............
L
ou
isville
&
N
a
sh
v
ille
1
4
7
4
1
4
5
4
1
4
3
4
have been buying extensively. In addition to this, French M issouri K ansas it T e x a s ___
444
434
44
444
444
444
investors proper have been making large purchases. French
754
754
754
P referred ............................... 75
754
754
55
55
55
55
R R . o f M ex ico, 1st pref. 55
55
investors ever since the Franco-German-Moroccan agree­ N aSt.econ
264
264
26
d p r e fe r r e d ...............
264
264
264
ment have been buying here on an almost unprecedented N . Y . C ent. it H u d son R iver 137H
135)^
1354
136
1354
1364
55
N
.
Y
.
O
n
ta
rio
&
W
e
s
t
e
r
n
,.5
4
4
55
5
4
4
5
4
4
5
3
4
scale. During the past week or two their purchases have
93
934
lk ,t W e ste r n __________ 9 3 4
93
93
934
become even larger than before. There has also been large N oPr foreferred
89
89
89
...................... ........... 89
89
89
154
155
1
574
155
buying for Germany and for other parts of the Continent. N orth ern P a c ific_____________ 1 5 3 4
1534
704
e n n s y l v a n i a _____________ 7 0 4
70
694
704
704
In the case of all foreign purchases, either the shares will be aa 'PR ea
80
80
d in g C o m p a n y ............... 8 0 4
804
804
804
47
a F irst p referred __________ . 47
47
47
taken up and paid for at once by the purchasers or arrange­
47
47
d preferred ............... 5 0 4
504
514
514
514
514
ments have been made by the purchasers with strong in­ R oac kS econ
34
Island ........................ .. _ 3 4 4
344
344
344
344
d l3 3
S ou th ern P a c ific ........................ 1 3 4 4
stitutions in London to take them up and pay for them.
1344
1344
1344
1344
ern R a il w a y ................... ■ 3 2 4
324
33
33
324
324
The really speculative account, then, appears to be smaller S ouPth
re fe r re d ........................ ......... 72
714
72
72 4
714
724
198JHj
than at first sight it would seem to be. At all events, im­ U n ion P a c i f i c _____________ 199
2014
1974
1984
1974
100
100
fe r re d _____ ______ ______ 100
100
994
994
mense as the account was, it did not frighten operators, whose U . PSre. Steel
684
C o r p o ra tio n .......... 6 9 4
694
69
694
684
purchases continued very heavy during Monday, Tuesday
128
P referred ................. ................ 1 2 9 4
128
129
1284
1274
224
22
— ............................. 22
22
22
224
and Wednesday morning. Wednesday afternoon there W aPbrea sh
554
fe r re d ............................... 55
54
55H
56
55
was somewhat of a setback, which continued in the early
794
E x te n d e d 4 s .......... ................ 7 9 4
794
794
794
794
—---- - *QM
M >>■»
part of Thursday, when the weaker speculators hastened to ----------a P rice p er share. 6 £ S terling. c ’ E x -rlg h ts. d E x -d lv ld e m l.
sell so as to secure their profits. In the afternoon there was
a decided recovery. The market now is believed to be in a
thoroughly healthy state and everyone is looking hopefully C o m m e r c ia l and gJXi 5 c cl la u c 0 u 6 iX civrs
to the future. The Stock Exchange will be closed from
Friday evening till Tuesday morning, which no doubt in­ f^Breadstuffs Figures Brought from Page 1509.— The state­
duced many weak operators to take their profits lest others ments below are prepared by us from figures collected by
should be beforehand with them and there might be a heavy the New York Produce Exchange. The receipts at Western
decline in quotations.
lake and river ports for the week ending last Saturday and
In the mining market the chief business was in South since August 1 for each of the last three years have been:
African and West African shares. As the week advanced,
however, there sprang up a good demand for copper and Receipts at— Flour.
Corn.
Wheat.
Oats.
Barley.
Rye.
diamond shares. The rise in diamonds is attributed to the
19616s bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushASlbs. 6m .56 lbs.
renewed large purchasing of diamonds by New York. The C h i c a g o ____ bbls.1.18,275
2 ,1 5 2,5 00
2 ,4 8 9,8 50
19,200
437,500
17,000
57,2 00
246,000
88,0 00
43,255
6 1,000
6,000
rise in copper is partly due to American buying and partly to M ilw a u k e e ..
49,131
31,8 18
47,4 75
133,750
French. There has also been a fair amount of business in M in n ea polis.
114,110
95,0 60
143,520
16,530
808,360
98,7 00
23,300
1,000
international securities, especially Russian and Japanese,
5.000
15.000
61,5 10
32,0 86
1.000
4 ,606
and there has been a good deal of business in Americans. C leveland . .
111,548
3 ,7 6 0
106,326
1,131
2,547
228,800
10,400
Outside of these, little has been doing. Gilt-edged securities S t. L o u is ___
1,000
431,800
3 1.0 00
29,5 30
42,0 00
166,500
6 ,000
215,675
5,000
3 0,450
are somewhat better, but there is little life in the market, K ansas C ity.
7 0 ,5 00
178,200
6 8.2 50
while British railway securities are still depressed. They
746 ,64 5
52,530
3 ,5 3 1 ,8 2 5
3,39 6,9 71
T o t .w k .’ 09
1,073,781
356,391
are not quite so lifeless as they were a week ago, but there is Sam
2 ,2 3 0,5 94
643,392
45,370
2 ,9 8 7,2 23
’08
2 ,2 3 0,2 29
368,211
little animation in them. The best observers are convinced Sam ee ww kk.. '07
403,016
379
,44 0
2
,6
2
2,1
28
8
,2
5
4,2
84
3
,2
0
1
,2
7
2
401,816
that trade has begun to improve here in England; that there­
S in ce A u g . 1
fore traffic receipts will soon increase, and that the improve­
1 9 0 8 - 0 9 ... 17,653,432 2 04 ,72 7,8 94 130,224,972 1 47,389,979 7 6 ,4 90 ,06 6 5,96 8,0 03
1 9 0 7 -0 8 .. . 15,922,196 195,982,201 1 61,097,389 167,414,709 58,9 28 ,35 3 6,27 7,1 17
ment on the Stock Exchange will extend to the British railway
447,451
1906-07
. . 18,2 63 ,37 0 217 ,82 3,9 02 1 85,488,592 180,363,734 64,0 33 ,01 7
department. But for the time being there is not much
doing in that department.
Total receipts of flour and grain at the seaboard ports for
In Paris business is much more active, as is clearly shown
by large purchases of mining securities, to which we have the week ended .June 5 1909 follow:
Corn,
Oats, Barley,
Rye,
Wheat,
1 * “l rj . / k;I Flour,
just referred. These securities are to be dealt in on the Paris •■SCFCT
bush.
bush.
bush.
bush.
bush.
Receipts at— v)
bbls.
Bourse. Indeed, the Ferreira Deep shares are already being N<?w Y o r k _______ 3. * 109,411
43,8 75
474,450
2 ,3 0 0
137,400
161,375
bought eagerly. There has also been good business in inter­ B o s t o n __________ - 20,584
9 ,0 2 5
83,494
672
2 ,2 8 5
41,073
n d , M e ____
national securities, especially Russian and Japanese. Like­ PP ortla
25,0 00
68,4 08
h ila d e lp h ia ____ .
8,9 9 6
2,0 0 0
38,263
wise in copper and diamond shares. The collapse of the B a lt i m o r e ............ . 30,253
4 1,932
36,3 01
6 ,8 9 0
53,098
m o n d ............. 37,3 84
17,062
3,1 3 9
threatened strike has, for the time being, created an impression NR ich
85,7 00
72,0 00
ew O rleans * ___ .
25,2 00
13,503
that the Socialists are much weaker than had been supposed, N ew p ort N ew s___ 279
3,000
Y ,6 6o
and that, in fact, a strong government can always keep them G a lv e sto n ________
14,326
M o b i l e __________ I
" 2 ,700
in order; and, as everybody believes that international M on treal_________ - 35,3 35 1,179,074
6 8,369
14,565
4 1,5 98
peace is now secured for two or three years, there is in conse­
w e e k ____ . 253,527
1,409,494
275,956
18,537
8 40,406 207 ,25 8
quence a much more hopeful feeling than there has been in W eTeokta1l 908______
12,872
308 ,68 9
825 ,17 2
- 358,464 2 ,5 1 9 ,4 2 9
102,946
Paris for a long time. Still, French investors generally S in ce J an . 1 1 909. .6 ,3 8 0 ,3 6 7 29,209,341 .,298,923 20,3 54 ,27 3 3 672,505 327 ,04 5
S
in
ce
J
an
.
1
1
908.
4
,0
3
9
,2
0
6
17.36S.393
2
214,787
1044,282
3
1
,5
09
,43
7
-7
,3
6
6
,6
5
0
prefer to deal abroad than at home, and consequently, as
already said, the French buying in London is on an extra­
* R eceip ts d o n ot Include grain passing th rou g h N ew O rleans fo r foreig n p ort
on through bills o f la d in g.
j f e a * f f « ,.1
-a -1 4
>4.1 1 ui • •
ordinarily great scale.
In Berlin depression reigns. Trade proper is reported to
The exports from the several seaboard ports for the week
be as bad as ever. This view is not quite borne out by the ending June 5 1909 are shown in the annexed statement:
returns of the Prussian State railway system for the month of
Wheat,
Corn, Flour,
Oats,
Rye, Barley, Peas,
Exports from—
bush.
bush.
bush.
bush.
bush.
bush.
bbls.
April, which show a small increase in receipts, both passenger
N ew Y o r k ............. 134,072
1,000
1,120
49,617
21,711
and goods.
It is, of course, possible that they may be
68,872
225
_____
due to some exceptional circumstances, but in any case it is P h ila d e lp h ia ____ 80,9 10
1,100
15,870
_ ____
_______
a lt im o r e ..............
6 ,142
75
800
remarkable that railway traffics are increasing while every­ NB ew
_______
_____
O r l e a n s -----3.0
7
6
55
7,067
body engaged in trade is so pessimistic. The proposals of N e w p o rt N ew s___
279
...........
.............
...........
..........
677
3,877
the Agrarians and the Centre Party to heavily tax stock ex­ M o b i l e . . ..................
2,7 0 0
14,326
..........
.............
........... 2 5,000
change transactions and new issues has alarmed the Bourse. M on trea l................. 925", 087
22.672
Business, small before, has become still smaller and German
T o ta l w e e k ____ 1,20 9,6 18
24,413 76,5 52
1,130
...........
7 4 ,6 17
............
Stock Exchange business is largely diverted to London.
W e e k 1908.............2 ,5 4 0,6 49
230,112 185,669
7,117
6 ,9 0 6
[543
9,311




J u n e 12 1909.

T H E C H R O N IC L E

The destination of these exports for the week and since
July 1 1908 is as below:
-FlourSince
July 1

Week
Exports for week and June 5.
since JidyX to—
bbls.
U n ited K in g d o m ___ 44,1 85
C o n t i n e n t .................
7,4 4 6
S o . & C en t. A m e r ..
5,884
W e s t In d ie s.......... ..
15,491
B r it. N o . A m . C o ls. 3 ,2 2 5
O th er C ou n tries____
21

1908.

bbls.

-Wheatr
Week
June 5.
bush.

4 ,9 0 2 ,7 7 2 1,08 0,3 15
2 ,1 3 2,6 42
121,700
622,616
6 ,0 2 6
1 ,3 3 6,7 96
677
72,5 49
348,577
900

■Corn------------Since
July I

Since
July 1

Week
1908. June 5.
bush.
bush.

5 7,3 8 5 ,4 0 0
4 6 ,6 12 ,77 7
474,602
17,710
75,3 03

1908.

bush.

53,344
. 1 3,6 39 ,80 0
62,089
1,317
1,14 0,8 55
2 3,0 96
9,512
68,426

nilRZ ......... ,£ 6 ,5 5 2
l .20 9,6 18 1 04 ,56 5,7 92 24,4 13 3 0 ,8 74 ,02 6
T o ta l 1 9 0 7 -0 8 ......... 185,669 10,9 10 ,23 7 2 ,5 4 0 ,6 4 9 1 07 ,52 3,5 13 2 30 ,11 2 4 5,8 34 ,67 0

The world’s shipments of wheat and corn for the week
ending June 5 1909 and since July 1 in 1908-09 and 1907-08
are shown in the following:
Wheat.
Exports.

N orth A m er.

Russian___
Danublan ..
Argentina . .
Australian .
Oth. countr’s

1907-08.

Week
June 5.

Since
July 1.

Since
July 1.

Week
June 5.

Bushels

Btishels.

Bushels.

Bushels.

2,201.000

9 ,4 2 2 ­ - L l t l t z S p r in g s N a t i o n a l B a n k o f L l t l t z , P er
enn.
C a p i t a l , $ 5 0 ,0 0 0 .
D . M . G r a y b l l l , P r e s .; P . F . S n y d e r , C a s h .
9 ,4 2 3 ­ - I h e D cm g k is N a t i o n a l B a n k o f R o s e b u r g , O r e .
C a p i t a l , $ 5 0 ,0 0 0 .
J - H . B o o t h , P r e s .; E . L . P a r r r o t t , V l c e - P r e s .; W . H . F is h e r , C a s h .;
B a n k W lm b e r ly , A s s t. C a sh .
C o n v e r s io n o f t h e D o u g la s C o u n t y
9 ,4 2 4 ­ - T h e N a t i o n a l B a n k o f S a n M a t e o , C a l.
C a p it a l $ 5 0 ,0 0 0 .
G eorge
I '. L y o n , P r e s .; P . M . L a n s d a le a n d J o h n W I s n o m , V i c e - P r e s ­
id e n ts ; W . M . R o b e r t s , C a sh .
9 ,4 2 5 ­ - H o o p e s t o n N a t i o n a l B a n k , H o o p e s t o n , 111.
C a p ita l, $ 2 0 0 ,0 0 0 .
J o h n L . H a m i l t o n , P r e s . ; J . A . C u n n in g h a m a n d J . H . D y e r , V l o e P r e s .; I . E . .M e r ritt, C a s h .; D . D . G ilm a n a n d E . E . Y a t e s , A s s t .
C a s h ie r s .
9 ,4 2 6 ­ _lIlll ? „ ^ oxboro N a t i o n a l B a n k o f F o x b o r o u g h , Mass.
C a p ita l.
$ 5 0 ,0 0 0
B B . B r is t o l , P r e s .; W . S . K im b a l l, V l c e - P r e s . ; W . B .
B a k e r , C a s h ie r .
9 ,4 2 7 ­ -T h e C a ll lc o o n N a t i o n a l B a n k , C a ll lc o o n , N . Y .
C a p i t a l , $ 2 5 ,0 0 ( 7 ,
I ) o d g e n ^Ca s h?er^ ’ P r e s ' : C h a r le s A . T h o r w e ll c , V l c e - P r e s . ; W a l t e r
9 ,4 2 8 ­
N a t i o n a l B a n k o f W y o m i n g , D e l.
C a p ita l, $ 2 5 ,0 0 0 .
C a s h ie r
9 ,4 2 9 ­
9 ,4 3 0 ­

1908-09.

89,0 00
1 59 ,18 8,7 00 1 72.501.000
2 .9 6 0.0 00 7 6.3 6 0 .0 0 0 6 0 .7 74 .00 0
4 25,000
392 ,00 0 3 3 .8 72 .00 0 2 6 .5 04 .00 0 1,020,000
1 .824.000 1 06,572,000 1 03 .99 2.0 00 3 ,8 7 5 ,0 0 0
8 0,000 3 2 .1 7 6 .0 0 0 11.060.000
1 .856.000 2 1 .9 66 .00 0 2 5,1 5 0 ,0 0 0

Since
July 1.

Since
July 1.

Bushels.

Bushels.

3 0,4 2 6 ,4 0 0
18.464.500
28.0 81 .50 0
6 6 .1 39 .50 0

41.4 02 .00 0
2 4.3 64 .00 0
4 5.2 92 .00 0
5 4.2 71 .00 0

1479

etZC ’ P r e s ' : F - C . B a n c r o f t , V l c e - P r e s .; S . H . C h a m b e r s ,

N a tio n a l- B a n k o ffM e c h a n lc s v llle . M d.
C a p i t a l , $ 2 5 ,0 0 0 .
n . „ . Tt,a rn wr ' ? re ,s ' ; G e o r g e M . T h o m a s a n d L . E . M u m f o r d , V l c e P r e s .; L . M . A n d e r s o n , C a s h .
i s n nnnr l n (ri N a t l o n .a,1 B a n li o f C a m b r id g e S p r in g s , P e n n .
C a p ita l,
An°e’e 0 0 C a s h eO ' A ’ M c L e a n ’ P r e s -' H - B - R h o d e s , V l c e - P r e s . ; J . C .

9 .4 3 1 ­

sr'n nnfiD*te n S t a t e s N a t i o n a l B a n k o f A s h la n d . O r e .
C a p ita l,
$ 5 0 ,0 0 0 .
D . R . M ills , P r e s .; F . H . C a r t e r , V l c e - P r e s . ; E . V .
£ a “ ? r - ,C a s h ; : J - } V ■ , MA
c C o y a n d H . C . E m e r y , A s s t . C a s h ie r s .
C o n v e r s io n o f B a n k o f A s h la n d .
9 ,4 3 2 — 'A lle C it iz e n s N a t i o n a l B a n k o f S a lm o n I d a h o .
C a p ita l, $ 6 0 ,0 0 0 .
C a s h ' ^ u a r e s ’ R r e s d E . S . E d w a r d s , V l c e -P r e s .; G e o . H . M o n k ,
V O L U N T A R Y L IQ U ID A T IO N S .
8 ,2 8 8 ­ '.p j'e N a t l o n a l C l t y B a n k , H o u s t o n , T e x . , M a y 2 5 1 9 0 9 .
7 ,6 2 8 - ■ th e C i t y N a t i o n a l B a n k o f W a g o n e r , O k l a . , J u n e 1 1 9 0 9 .

T o t a l ____ 9 ,3 1 3,0 00 4 30 ,1 3 4 ,7 0 0 3 99 ,9 8 1 ,0 0 0 5 ,4 0 9 ,0 0 0 144 ,11 1,9 00 165,329,000

The quantitiy of wheat and corn afloat for Europe on dates
mentioned was as follows:
Wheat.

Bushels.

Bushels.

United
Kingdom. Continent.

Total.
Bushels.

J une 5 1 9 0 9 .. 2 7 .6 00 .00 0 13,1 20 ,00 0 4 0.7 2 0 .0 0 0
M ay *9 1 9 0 9 .. 27.2SOJOOO 14,320,000 11.600.000
J une 6 1 9 0 8 .. 2 3 .1 20 .00 0 15,1 20 ,00 0 3 8 ,2 4 0 ,0 0 0

Bushels.

Bushels.

Total.
Bushels.

9 .0 9 5 .0 0 0 11,3 90 ,00 0 20.4 85 .00 0
9 .3 5 0.0 00 9 .0 1 0 .0 0 0 18.360.000
7 .3 1 0 .0 0 0 9 .0 9 5 .0 0 0 1 6.405.000

I he visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports June 5 1909, was as follows:
AMERICAN GRAIN STOCKS.
Wheat,
Oats,
bush.
bush.
New Y ork..................
372,000
805 .00 0
Boston........................
91,000
8,0 0 0
Philadelphia.... ..........
23,000
52,0 00
Baltimore........- ..........
32’,000
190.000
New Orleans...............
183,000
151.000
Galveston............................
Buffalo........................ 947,666
1.17 0.0 00
185,000
Toledo........................
43.0 00
Detroit........................
186,000
50.0 00
Chicago........................ 2,682,000
3 .0 2 5 .0 0 0
123 060
Milwaukee..................
127.000
Duluth........................ 4,093,000
3 30 .00 0
Minneapolis_________ 7,444,000
689.000
St. Louis.................... ’ 64’,000
126.000
Kansas City................. 135,000
88.000
Peoria..
.................
8i000
186,000
Indianapolis................
90 000
81,0 00
On Lakes....................
652,000
149.000
On Canal and River__
226,000
229 .00 0
•

T o ta l June 5 1 9 0 6 ..1 7 .5 3 6 ,0 0 )
T o ta l M ay 29 1 9 0 9 .. 19,767,000

ti.

CANADI.

Rye,
bush.

Barley,
bush.

2,0 0 0
8,0 0 0

12,000
1,000

51,0 00

1,000

13.000
9 .0 0 0

5 9.000
1,000
2,0 0 0
3 7 6 .00 0
24.0 00
63.0 00
133.000
75.0 00

61.0 00
7 .0 0 0
4.0 0 0
59,0 00
4.0 0 0
1,000

4 0.000
4 9 .0 00

7 ,4 9 9 ,0 0 0
7 ,4 6 3 ,0 0 0
STOC KS.

219 ,00 0
235 ,00 0

944 ,00 0
1,30 0,0 00

Wheat,
bush.

Corn,
bush,

Oats,
bush.

Rye,
bush.

M on trea l..............................
106,000
782 ,00 0
F o r t W illia m ....................
P o r t A r th u r...................... 1 ,507,000
O th er C a n a d ia n ............... 1,57 4,0 00

6,000

Barley,
bush.

2 86 ,00 0

17,000

171,000

T o ta l June 5 1909.
T o ta l M ay 29 1909.

3 .9 6 9 .0 0 0
5 .1 0 0 .0 0 0

.B

6 ,000
13,000

286,000
2 56,000

17,000
7,0 0 0

171,000
103,000

SUM M ARY.

A m erica n .
C anadian .
T ota l
T o ta l
T o ta l
T o ta l
T o ta l
T ota l
T o ta l
T o ta l

June
M ay
June
M ay
Juno
Juno
Juno
Juno

5
29
6
30
8
9
10
11

1909.
1909.
1908.
1908.
1907.
1906.
1905.
1 904.

Wheat,
bush.

Corn,
bush.

Oats,
bush.

Rye,
bush.

Barley,
bush.

.1 7 ,5 3 6 ,0 0 0
. 3 ,9 6 9,0 00

2 .8 8 3 .0 0 0

6,000

7 ,4 9 9 ,0 0 0
286,000

219 ,00 0
17,000

914 ,00 0
171,000

.2 1 ,5 0 5 ,0 0 0
.2 4 ,8 6 7 ,0 0 0
.2 1 ,2 7 7 ,0 0 0
.2 2 ,8 1 8 000
.4 9 ,1 1 7 ,0 0 0
.2 9 ,7 8 3 ,0 0 0
.1 8 ,16 0 ,0 0 0
.18 .4 7 5 ,0 0 0

2 .8 8 9 .0 0 0
2 .8 5 4 .0 0 0
3 .5 1 1 .0 0 0
4 .7 9 6.0 00
5 .5 6 0.0 00
3 .8 1 6 .0 0 0
3 .3 7 8 .0 0 0
4 .6 5 8.0 00

7 ,7 8 5,0 00
7 ,7 1 9,0 00
6 ,5 5 4,0 00
8 ,3 8 5,0 00
10,153,000
8 ,1 9 8,0 00
7 ,3 3 8 ,0 0 0
5 ,3 7 8,0 00

236 ,00 0
242,000
257 ,00 0
261 ,00 0
503,000
1 ,525,000
875 ,00 0
888 ,00 0

1,11 5,0 00
1,40 3,0 00
1 .387,000
1,543,000
965 .00 0
9 38,000
1,00 7,0 00
1 ,618,000

National Banks.— The following information regarding
national banks is from the office of the Comptroller of the
Currency, Treasury Department.
A P P L IC A T IO N S

TO

C O N V E R T IN T O N A T IO N A L H A N K S
APPROVED.
T h e M a lh e u r C o u n t y H a n k o f N y s s a , O r e ., I n t o “ T h e F ir s t N a t io n a l
H ank o f N yssa.
C a p i t a l , $ 2 5 ,0 0 0 .
T h e C it iz e n s S t a t e fl a n k o f T h a y e r , K a n . , I n t o " T h e F ir s t N a t io n a l
B a n k o f T h a y e r ."
C a p i t a l , $ 2 5 ,0 0 0 .
onal
N A T IO N A L H A N K S O R G A N IZ E D .
M a y 26 to June 2 .

Stocks.

„ „ each...................... .. . $ 5>4 per sh.
90 Cent. Land Co of W. Va„. $15 lot
10 K a t. B a n k o f C o m m e rc e _____188
1,300 E v a n sv ille (I n d .) C o tto n M fg.

Go...................

3

10
137
10
101
37
1214

F id e lity T r. C o .,N e w a r k ,N .J .780
N orth ern Uk. o f N . Y 1 0 7 H -1 0 8 M
B o n d * M tge. G u ar. C o . ___465
467
N ation al P ark B a n k ..........
T ru st C o' o l A m e r ica ________ 376
U n ion B a n k o f B ro o k ly n
(s to ck tru st ce r tifica te s )........... 100
5 L a w y e rs’ T itle Ins. A T r. C o . 257
250 N o . 471 P ark A v e ., I n c , sub ­
je c t t o a sse ss m e n ts___$50 p er sh.
9 W a rren R R . C o ............................ 180

5 R e a lt y A s so cia te s....................... 145
75 N a tion al C ity B a n k . ................343
2 50 B on tem p l I tu s t-P r o o f’ g C o . $41 lo t
B onds.

3124 N e w p o rt N ew s L t. A W a te r
C o. 1st 5s, s c rip .........................
65
$ 6 ,0 0 0 Central U n ion G as is t 5s’
*
« ua r - J • * J .......... - 1 0 2 X * Int.
$500 A m erica n T y p e F o u n d ers 6s.
1926, M. & N ..................................... 10014
8 3 ,0 0 0 P eck h a m M fg. C o. 1st 6s!
25
1921; J u ly 1907 co u p o n s o n ____
$ 2 0 ,0 0 0 N orth G a. E le ct. C o. 1st A
ref. 5s; Sept. 1907 A su b seq u en t
co u p o n s a t ta c h e d ..................... 8 2 ,5 0 0 lo t
$ 1 8 ,0 0 0 E tow a h P ow er C o. 1st 5s;
J u ly 1906 & su b seq u en t co u p o n s
a t ta c h e d ...................... ................ .8 2 ,4 5 0 lo t
$ 250 E to w a h P o w .C o 1st 5s, s c r i p .$5 lo t

DIVIDENDS.
The following shows all the dividends announced for the
future by large or important corporations:

Dividends announced this week are printed in italics.
Name ol Company.

Railroads (Steam).
Alabama Great Southern, ordinary stock
Albany A Susquehanna, guar________ .
Atch. Topeka & Santa Fe, pref. (No. 22)
Atlantic Coast Line R R.. common___ "
B e ech C r e e k , g u a r , ( q u a r . ) ____________
Belt Ity. of Chicago (quar.)........ .
Boston & Albany (quar.)........ ........... ..
Boston & Lowell.............. ............... ! ”
B o s to n <t- M a i n e , com ., (q u a r .) ( N o . 175)
Boston Revere Beach A Lynn............ ..
C a n a d a S o u t h e r n .................. ..................
C a rth a g e W a te rto w n A S a ck eU 's H a r b o r .." .

Chesapeake & Ohio (auar.)....................
C h ic . A A l t o n , p f . A p r io r lie n A p a r t l c t p
C h ica g o B u r lin g to n A Q u in c y ( q u a r . ) ____
C h ica g o A E a s te r n I l li n o is , p re/ . ( q u a r . ) . .
Cnlcugo Indianapolis A Loulsvilie, co m ..

Per
Cent.
2

4)4
2)4

3
1
2

2'A

$4
iK
3

ni

2)4
i
2
2

IK
m

Preferred ___ _____ _____________
Chicago A North Western, common..
Preferred (quar.)...........................
Chic. It. I. A Pacific (quar.)................
Chicago A Western Indiana (quar)__

2
3J*
2

C l n . N e w O rlea n s A T e x a s P a c i f i c , c o m . . .

2)4
2)4

Delaware & Hudson Co. (quar.)............
Delaware R R ..........................................
Denver & ltlo Grande, pref.___________
Detroit & Mackinac, preferred_________
F o n d a J o h n s to w n A O lo v ersv U le, p r e f ___
Greene lilt., guar............ .............. .........
H o c k in g V a lle y , c o m m o n a n d p r e fe r r e d

Interborough Rapid Transit (qu.)........
L a k e S h o re A M ic h ig a n S o u t h e r n .......... .
G u a r a n te ed st o c k ( M i c h . S o u . A N o .I n d )
L ittle S c h u y lk ill N a v ., I l l i . A C o a l ........ .
M a n h a t ta n , g u a r a n te ed (q u a r .) ( N o . 101)
M i c h lg a n C e n t r a l .....................................
M i n n e a p o li s A S t. L o u i s , p r e fe r r e d ____ _
Morris A Essex, guar........ ......... •........ ......
N . Y . C e n tra l A H u d s o n R iv e r ( q u a r . ) __
N e w Y o r k A H a r l e m . . .............................
N. Y Lack. A Western, guar, (quar.)___

Norfolk * Western, common....................

N o r th e r n C e n tra l ( N o . 89)............................
P h ila d e lp h ia B a ltim o r e A W a s h i n g t o n ___
St. Louis A San Francisco—
Chic. A E. 111., com. stk. trust certfs-..
Chic. A E. III. pref. stk. tr. ctfs. (qu.).

1
IK

4

24

2)4

1)4

3
2
2M
6
6
2K
i«
3

2)4
3)4
04

5

1)4

2
4
2
5

K. C. Ft.S.AMem., pref. tr. certs.(qu.)
1
St. Louis Southwestern, pref. (No. 1)___
2
Southern Pacific, com. (quar.) (No. 11)
IK
Preferred (No. 1 0 ) . ..............................
3)4
Union Pacific, common (quar.)................
2K
Valley RR. (N. Y .), gu a r..____ _______ 2 K
V e r m o n t V a l l e y ________________________
5

9 ,4 1 8 — T h e F ir s t N a t i o n a l H a n k o f S o d u s , N e w Y o r k .
C a p it a l' $ 3 0 0 00
H e rm a n L . K e lly , P re s.
S p r a g u e S . G r a n g e r a n d E lis h a C u r tis s !
V ic e -P r e s id e n t s .
0 ,4 1 9 — T h e F ir s t N a t io n a l B a n k o f P o r t W a s h i n g t o n , W l s .
C a p it a l
Street A E lectric R a ilw a y s.
i ? 0 ,0 0 ? /. , J 9,hn lr U s c l d l n g , P r e s .
W i ll ia m A h lh a u s e r , V l c e -P r e s .
A m erican R a ilw a y s (q u a r .)______________
H u g o K ie l, C a s h ie r .
Auburn A Syracuse Elec. RR., pref. (quar.)
9 .4 2 0 —
T h e F ir s t N a t io n a l D a n k o f L o d i , N e w J e r s e y .
C a p it a l $ 2 5 0 00Bangor Ry. A Elec, (quar.) (No. 1 6 )..........
G eorg e 0 . M ercer, P res.
H e n r y H . B r o v o o r t , V lc e -P r e s
C
n'
Boston A Worcester Electric Cos., pref____
D y a l , C a s h ie r .
'
'
B rook ly n R a p id T ransit (q u a r .).................
9 .4 2 1 —
T h e N a t io n a l H a n k o f C o m m e r c e o f A d r i a n , M ic h . C a p i t a l . $ 1 0 0 0 0 0C hica go C ity R a ilw ay (q u a r .)............ ............
D a v i d L . T r e a t . P r e s .: T h e o d o r e M . J o s ll n , V l c e - P r e s . ; H o lla n d
C ontinental P ass. R y ., P h ila d elp h ia _____
C . R o th fu s s , C a sh .
Halifax Elec. Tramway, Ltd, (qu.) (No. 50)




S to c k s .

25 N ia ga ra F ire In su ran ce C o . . 322
31 O ld D om in io n L and C o _______ 32
100 N orth Jersey L a n d C o ., 85

Corn.

United \
Kingdom. Continent.

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

IK

1)4
IK
SI
1
IK
$3
1K

When
Payable

Books Closed.
Days Inclusive.

June
Ju ly
Aug.
J u ly
J u ly
June
June
J u ly
J u ly
J u ly
A ug.
June
June
J u ly
J u ly
J u ly
June
June
J u ly
Ju ly
lu ly
June
June
June
J u ly
July
J u ly
June
June
J u ly
J u ly
Ju ly
A ug.
J u ly
J u ly
J u ly
J u ly
July
J u ly
J u ly
J u ly
June
J u ly
June

26 H olders o f rec. June 1
1 H olders o f rec. J une 15
2 H olders o f rec. J une 3 0
1( June 23
to
J u ly 1 1
1 H olders o f rec. J une 23
3( N ot closed .
3( H olders o f rec. J une 5a
2 M ay 16
to
M ay 22
1 H olders o f rec. June l a
1 H olders o f rec. J une 15
2 H olders o f rec. J u n e 30
3C H olders o f rec. J une 23
2S H old ers o f rec. J une 14
15 H old ers o f rec. J une 30
1 •June 29
to
J u ly
2
1 H old ers o f rec. June 16
28 H olders o f rec. J une 14
28 H olders o f rec. J une 14
1 H olders o f rec. J une 4
1 H olders o f rec. J une
4
1 H old ers o f rec. J u n e 18
30 N o t closed .
23 H olders o f rec. June 12
21 H olders o f rec. M ay 2 9
15 June 27
to
J u ly
5
1 June 16
to
J u ly
2
15 H olders o f rec. June 10
19 H olders o f rec. J une 14
19 H olders o f rec. J u n e '3 0
1 H olders o f rec. J une 17
29 H old ers o f rec. J uno 30
2 H olders o f rec. June 3 0
15 June 24
to
J u ly 14
1 June 12
to
J une 23
29 H olders o f rec. J une 30
15 H olders o f rec. J une 30
1 H olders o f rec. June 10
15 H olders o f rec. J une 21
1 H olders o f rec. June 15
1 H olders o f rec. June 15
18 H olders o f rec. M ay 29
15 H olders o f rec. J une 30
30 H olders o f rec. J u n e 9

Ju ly
J u ly
Ju ly
Ju ly
July
July
July
July
July

1
1
1
15
1
15
1
1
1

June 17
June 17
June 17
July
7

June
July
lu ly
July
July
June
June
July

15
15
I
1
1
30
30
2

June 1
Holders
Holders
H olders
Holders
bine 8
Holders
June 21

to
to
to
to

J u ly
1
J u ly
1
J u ly
1
J u ly 15

H olders o f rec. J u ne30a
H olders o f rec. June 6a
Holders o f rec. J uno 22
June 22
to
J une 30
to
rec.
rec.
rec.
rec.
to
o f rec.
to
of
of
of
of

Juno
June
June
June
June
June
M ay
Ju'.v

3
30
20
3
9
12
29
2

Per
Cent.

Name oj Company.

When
Payable.

Books Closed.
Days Inclusive.
•

Street and Electric Railways

3
l

In d ia n a p olis S treet R y ........................

Louisville Traction, common (quar.).
L y n c h b u r g T r a ctio n & L ig h t ............
E x tra -------- ------------- --------- -----------

ix
i

.

Manila Elec. RR. & Ltg. Corp. (quar. ) . . .

i

M assachusetts E le ctric C o s ., preferred
N a sh ville R a i l w a y * L ig h t, c o m . (N o . 1 .)
N orth ern O h io T r . & L ig h t (q u a r. ) . - - - - -

i

ix

b X
Portland(Ore.)Ry.,L.&P.,pl.(qu.) (No.12)
IX
IX
St. Jos. Ry., L.. H.&P.,pf.(qu.) (No. 27)

1%
Toronto Ry. (quar.) . .......... ....... ............. .
IX
Twin City Rap. Tr., Minn., pref. (quar.)
$4.75
Union Passenger Ry., Philadelphia
3
Union TraclloA, Philadelphia------United True. & Elec., Providence (quar.).
IX

ruly
. u ly
une
une
u ly
uly
u ly
une
U ly
u ly

1
1
15
15
1
1
1
15
1
1
1
1
1
1
1
1

W e s t E n d S t ., B o s t o n ,p r e f-- ..........
W est Philadelphia Passenyer R y .. .

S2
S5

2X

lu ly
u ly
U ly
U lv
U ly
luly
July

M erca n tile N a tio n a l------------------------

2X
2

July
July

Winnipeg Electric Ry. (quar.)------Banks.
Coal & Iron National (quar.)........

2
4
20

Montauk (Brooklyn) ------------------Mutual.............. ................... - - - - - -

Iold ers o f rec. June 20
Iold ers
Iold ers
Iold ers
Iold ers
Iold ers
lune 2
Iold ers
H olders

of
of
of
of
of

rec.
rc c.
rec.
rec.
rec.
to
o f rec.
o f rec.

M ay 29
M av 29
June 15
June 2
June 19
...............
J u n e l5 o
June 15

Iold ers o f rec.
(une 16
to
H olders o f rec.
rune 16
to
(une 23
to
(une 16
to

June 15
June 30
June 9
J u ly
1
J u ly
1
June 30

r

Statement of New York City Clearing-House Banks?.—The
jtailed statement below shows the condition of the New
ork Clearing-House banks for the week ending June 5.
he figures for the separate banks are the averages of the
lily results. In the case of the totals, the actual figures
t the end of the week are also given.
We omit two ciphers (00) in all cases.
Banks.
omitted.

- - ------------ ------------- - ........... -

J u ly
July

1
1
1
1
1

June
June
June
June
J u ly
J u ly
June
June
June

15
30
30
30
1
1
30
30
10

H olders o f rec. June 9
June 27
to
J une 30
June 23
June 26

to
to

C entral (specia l d iv id e n d )------

Equitable (quar.)------- -------F ift h A v e n u e (q u a r .)--------------

Guaranty (quar.)......................
H udson_____________ ______

$200
5
3
5
3
'
3
6

IX

*20

New York Life Insurance & Trust.
Miscellaneous.

IX
IX
IX
X
IX

A m erica n C a n , pref. (q u a r .).
P referred (q u a r.) (N o . 4 1 ) -------A m erica n C hicle, co m . (m o n t h ly ).

1
3
3

American Cigar, preferred.............
A m erica n E x p ress (q u a r .)...............

IX
IX
2

IX
1

IX

5
P referred (q u a r .).

-

IX
IX
2X
IX
ix

B u sh T erm in a l, p r eferred -------------B u tte E lec. & P ow er, c o m . (q u .) (■
C a lu m et & H ecla M ining (q u a r .).
C a n a dia n (Sen. E le c ., L t d ., c o m . (i
C ellu loid
C om pany
(q u a r .) ------

-

P referred ( q u a r .)........ ..............C h ica g o T e lep h on e (a u a r .)..........

.

2

-

IX

)
-

)

CUy Investing, preferred (quar.).
C rex C a rp e t....................— ............
E x t r a -----------------D e t r o it E d ison (q u a r.) (N o . 1 ).
D la m on d M atch (q u a r .).......... P referred (q u a r .).

Eastman Kodak, com. (quar.).
Preferred (quar.)---------------

-

P referred ...............
L an sin g F uel & G a s .
M a ry lan d C oa l, preferred - - - - -

Mergenlhaler Linotype (quar.).

P referred (q u a r .) (N o . 7 0 ) .

National Surety (quar.).
Old Dominion SS. (No. 67)-------------Oils Elevator, preferred (quar.)..........
Phelps, Dodge <fe Co., Inc. (quar.) —
P h ilad elp h ia E le c t r ic ---------- --------------Q u a k er O ats, co m m o n (q u a r .).............
C om m on (e x t r a ).......... ..........................
Q u in c y M ining ( q u a r . ) . . . ............. - - ­
R a ilw a y Steel S pring, p r e f. (q u a r .).
R e a lt y A ssociates (N o . 1 3 )----------------

Preferred (extra)----------------------Royal Baking Powder, common (qua
Preferred (quar.)----------------------R u b b e r G o o d s M fg ., p f. (q u .) (N o .
S a fe ty C ar H e a tin g & L t g . (q u a r .).
Sears, R oeD u ck * C o ., pref. (quar.

Securities Company .......... .......... ..
S ta n d a rd O il (q u a r .)................. ..
S w ift & C o. (q u a r .).

United Gas Improvement (quar.).
Utah Consolidated Mining (qimr.).
W a lth a m W a tch , c o m m o n .

Western Union Telegraph (qi
W o m a n s H o te l C o . (q u a r .).

IX

IX
IX
2

IX

1
2

.
.
)

1
2
1
2

-

IX
IX
‘I X

-

4

)
-

3

I n g e r s o ll-R a n d , p r e fe rr e d .......... .. - .
In te rn a tion a l S liver, pref. (q u a r .).

$6

.

Empire Steel <fc Iron, preferred-----E q u ita b le 111. G as L ., P h ila ., p r e f.
F ed era l M ining * S m eltin g , pref.
G en era l C h em ica l, pref. ( q u a r . ) . . .
G en era l E lectric ( q u a r . ) . . .......... ..

IX

\\

IX
ix

$2

IX
2X

)
-

3

)

IX
X

-

ix

.
-

1
1

-

2X

!)
-

IX
IX
IX
IX
IX
IX
IX

H olders o f rec.
June 26
to
H olders o f rec.
H olders o f rec.
June 21
to
lu ne 17
to
June 19
to
June 16
to
June 2
to

J une 30
J u ly
1
June
June
June
J une
June
J u ly
June
June
June

30 June 23
to
J une 30
l H olders o f rec. J une 19
1 H olders o f rec. J u n e l6 a
to
June 24
1 June 4
1 June 4
to
June 21
20
1 H old ers o f rcc. June 15
1 H olders o f rec. M ay 29
1 H olders o f rec. June 19a
1 H olders o f rec. J u n c l9 a
1 H olders o f rec. June 15
30 June 24
to
June 30
to
Juno 30
15 June 26
1 June 12
to
J une 20
1 H olders o f rec. J une 15
1 H old ers o f rec. J une 15
2 H olders o f r c c . June la
30 June 17
to
J une 30
1 H olders o f rec. J une 15
15 June 6
to
June 15
1 H olders o f rec. J une 30
1 H olders o f rec. June 15
22 H olders o f rc c. M ay 22
l June 15
to
J une 30
1 H olders o f r c c. J uno 15
1 H olders o f rec. J une 10
I. H olders o f rec. June 14
1 H olders o f r c c. June 14
30 June 27
to
June 30
1 H olders o f rec. J une 25
15 H olders o f rec. M ay 18a
15 H olders o f rec. J une 1
15 H olders o f rec. June 1
15
15 H olders o f r c c . M ay 31
2 June 19
to
J u ly
1
15 H olders o f rec. J une 5
26 H olders o f rec. J u ly 15
1 June 20
to
________
1 H olders o f rec. June 1
1 H olders o f rec. June 1
1 H old ers o f rec. June 28
1
June 15 H old ers o f rc c. J u n e 8
June 15 H old ers o f rec. M ay 28
1 H old ers o f rec. J une 19
J u ly
J u ly
15 H old ers o f rec. June 3
J u ly
1 H old ers o f rc c. J u n e 24
to
J u ly
1
J u ly
1 June 19
J u ly
1 H old ers o f rec. J une 12
to
J u ly
1
1 June 19
J u ly
1 H old ers o f rcc. J une 19
J u ly
to
June 15
June 15 June 9
to
June 15
June 15 June 9
J u ly
1 H olders o f rec. J u n e 15
1 H old ers o f rec. J u n e l2 a
J u ly
1 H olders o f le c . J u n e l2 a
J u ly
to
J u n e 20
June 30 June 16

June
J u ly
J u ly
J u ly
J u ly
June
July
J u ly
J u ly
J u ly
J u ly
June
July
J u ly
J u ly
J u ly
J u ly
June
J u ly
June
J u ly
J u ly
June
J u ly
J u ly
J u ly
J u ly
J u ly
June
J u ly
June
June
June
July
June
J u ly
June
July
J u ly
J u ly
July
J u ly

A llg.
J u ly
June
J u ly
June
June
J u ly
.
2
J u ly
i x June
i x J u ly
3
J u ly
i x J u ly
IX June
.
3
June
i x J u ly
X J u ly
Juno
. $1
- IX June
J u ly
.
3
)) IX J u ly
.
He J u ly
- 2X June
- IX June
. IX June
J u ly
.
2
IX J u ly
- 2X J u ly
.
i x J u ly
June
.
3
June
. $9
.
3X J u ly
.
IX J u ly
J u ly
l)
1
.
IX J u ly
J u ly
.
2
J u ly
.
2
IX J u ly
.
X June
.
50c. J u ly
. 50c- June
J u ly
.
2
IX J u ly
l)
X J u ly
June

J u ly 18
to
Aug. 2
H olders o f rec. June28a
June 11
to
June 30
June 12
to
June 15
M ay 22
to
M a y 25
J une 25
to
June 30
June 20
to
JTuly 2
to
J u ly
1
1 June 20
to
June 21
21 June 13
1 H old ers o f rec. J u n e lS a
]
15 H old ers o f rec. June 30
31 H olders o f rec. J une 23
15 H old ers o f rec. M ay 25a
15 H olders o f rec. J u ly 3a
15 H old ers o f rec. J u ly 3a
to
J une 2
21 M ay 23
2! Juno 9
to
June 21
15 H old ers o f rec. J u ly
5
: H old ers o f rec. June 21
■ H olders o f rec. June 21
31 H old ers o f rec. June 15
31 H old ers o f rec. J une 15
If H old ers o f rec. June 10
: H old ers o f rec. J une 9
; H olders o f rec. J u n e l5 a
1
to
J u lv 15
15 J u ly
H old ers o f rec. June 17
to
J une 30
31 June 22
If H olders o f rec. M ay 21
June 20 - to
J u ly
1
H old ers o f rec. June 12
If H old ers o f rec. J une 30
June 17
to
J u ly
1
I f H old ers o f rec. J une 26
If H old ers o f rec. J une 30
H olders o f rec. June 10
to
J une 30
3i i J une 11
to
J u ly
1
1. June 24
31 J une 19
to
J une 30
1
to
J u ly 21
1. J u ly
H olders o f rec. J une 10
1. H old ers o f rec. J une 19
If H old ers o f rec. June |*8

2
15
31
1
15
3(

a Transfer books not closed,
b Also declared X % payable Sept. 15 and
Dec. 15. eOn account of deferred dividends.




1
30
29
30
30
1
30
30
9

X %

Capital.

Surplus.

00s

Trust Companies.

Standard Gas Light, N. Y ., pref .

[VOL. L X X X V I I I ,

THE CHRONICLE

1 48 0

M e r c a n t ile -----P a cific . . . .
C h a th a m ___
P e o p le ’s . . .
H a n o v e r ............
N a s s a u -----M arket * F u l’ n
M etrop olita n . .
C orn E x ch a n g e.
Im p . & T ra d ers’
P a r k ---------------E a st R iv e r -----F o u r t h -----------S econ d -----------F irst ...................
Irv in g E x c h . . .
B o w e r y ..............
N . Y . C ou n ty . .
G erm a n -A m er .
C h a s e ..................
F ifth A v e n u e ..
G erm an F .x c h ..
G e r m a n la ..........
L in coln ...............
G a rfield ...............
F i f t h ---------------M e t r o p o l is -----W e s t S id e ..........
S e a b o a rd ---------L ib e r ty -----------N . Y . P ro d . E x .
S ta te ................. 14th S tre e t____
C op p er ...............

$
2,000,0
2.050.0
2,000,0
3.000.
1.500.0
1.000.0
25.000.
3.000.
600,0
1.000.0
300.0
500.0
5,000,0
25.000.
3.000.
500.0
450.0
200.0
3.000.
2.550.0
500.0
1.000. 0
2,000,0
3.000.
1.500.0
3.000.
250.0
3.000.
1.000.0
10.000.0
2,000,0
250.0
500.0
750.0
5.030.0
100.0
200,0
200,0
1,000,0
1,000,0
250.0
1,000,0
200.0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
2,000,0

S
3 .4 0 8 .4
3 .5 6 7.7
1.6 6 5.2
3 .701 6.7
5 .1 7 8.4
657.2
2 7 .7
0 89 .9
5.907 2.7
547 .5
2 .4 0 3 .4
153.2
755.1
5 .3 9 5 .5
1 5.474.9
0
2 .504 8.4
864 .8
1.0 1 5.6
470.5
1 0.512.6
0
1.406.9
435.8
1.6 2 1.4
1.309.7
5 .307 2.3
7 .4 0 9.4
9 .60
8 1 .4
103.9
3 .20
8 4 .7
1.7 7 4.6
18.634.6
1.421.1
789 ,7
1.312.1
656.2
6 .2 5 4.4
2 .1 7 8 .6
857.6
1.020.9
1.2 7 0.5
1 .1 4 4.5
470.6

2.020.2
1.087.3
1.731.4
2 .5 7 6.2
687.2
810.3
320,1
2 .5 7 7 .2

Loans.
Average.

Specie. Legals. Deposits. Re­
Average. Average. Average. s've.

$
%
S
S
2 0.0 47 .0 2 8 .0
4 .1 9 0 .0 1 .4 3 3.0
2 1 .0 8 3 .0
4 3.6 00 .0 2 4.8
9 .3 4 9 .0 1.507.0
3 7 ,0 00 ,0
2 3 .1 6 6 .0 25.4
2 1 .3 28 .0
4 .2 4 8 .0 1.6 5 5.0
3 6 .7 1 3 .0 26.2
8 .0 7 3 .0 1.575.0
3 3 .4 6 4 .0
3 0 .0 4 1 .0 24.8
2 8 .2 02 .9
5,3 0 3,7 2 ,1 5 2,7
1.9 7 1.0
7 .5 3 2 .0 33.0
7 .5 8 1 .0
432 .0
191,562,1 4 7 ,6 90 ,5 8 .2 7 0 .0 1 96.888.4 28.4
2 8 ,1 42 ,2 26.8
5 .3 4 4.3 2 .1 4 2 .0
2 8.799.1
661.4
1.4 6 1.6
7 .6 1 5.3
8.276.1 2 5.6
1.164.2
720.4
9 .2 3 4.1
7 .2 2 9 .2 26.1
461,8
2 .3 0 3 .5
123.3
2,426,1 24.1
1.9 8 1.9
7 .4 8 7 .2
200.0
8 .5 6 4.7 25.4
28.004.1 26.7
5.6 0 3.9 1 ,806,3
3 3 ,2 5 4 ,6
182 .99 6.5 31,9 06 ,7 12,139,2 173.426.5 25.4
2.5 7 2.4 1.144.2
13,562,7 27.4
16.001.9
651.7
4 .0 6 2 .0 30.2
576,9
4 .0 4 2.6
8 ,3 4 0 ,9 26.6
950.4
1.271.3
7 .5 7 1 .5
2 .4 2 4 .6 28.9
133.7
569.7
1 .8 0 2.6
84.3 39 .4 25.1
7 1 .5 47 .4 14.020.1 7 ,1 2 6 ,9
25.6 69 .4 2 7 .2 *
323.4
6 .6 3 5 .9
2 4 .5 44 .5
0 ,1 1 5 ,9 25.5
602 ,0
959.7
5.5 5 4.1
8 .3 0 9 .8 27.8
847.1
1.465.7
8 ,0 9 0 ,8
185.3
1
0,494,6 25.1
2
.4
5
7
.4
1 0.7 23 .6
5 2 .3 37 .0 25.1
7 .1 0 7 .0 6 .0 8 1.0
4 4 .1 9 9 .0
2 4 .0 89 .5 25.2
4 .6 2 6 .0 1.458.0
2 0 .2 9 2 .0
8 7 .6 7 7 .0 2 5 .4 9 1 .0 1.1 5 3.0 101 ,20 9,0 26.3
1.679.8 27.0
157.5
295 .8
1.443.4
2 8 .2 2 9 .0 25.2
4 .8 3 2 .0 2 .3 0 0 .0
2 6 .7 16 .0
200,0 1 2.151.0 25.7
2 .9 2 4 .0
1 1.468.0
117 .39 9.5 2 7 .9 89 .2 1.2 8 2.2 113,697,4 25.7
2 0 .1 8 4 .6 2 5.8
972.1
4 .2 4 6.7
19.448.6
3 .4 6 0 .0 2 4.8
65,0
796 .0
3 .2 5 7 .6
8 .0 1 8.7 26.2
664.7
1 .3 2 9.4
7 .5 9 4 .5
4.042.1 2 5.0
217
.0
797 .0
4 .1 9 9.7
9 0.6 27 .0 26.7
8 0 .0 27 .0 1 9.264.0 4 .9 5 7 .0
14.675.4 27.4
2 ,9 8 4 ,6 1.0 4 1.0
12.884.9
4 .1 0 0.7 25.0
650.2
375 .0
3 .4 7 1 .2
5 .6 9 6 .0 22.7
483.2
810 .9
5 .0 6 4 .0
1
6.175.5 25.4
852,
3
,2
4
2
,2
14.970.7
7 .4 4 2 .0 25.8
271.4
1.652.4
7.5 1 0.1
3 .2 7 3 .0 24.6
260 .5
544 ,5
3 .2 1 1.1
1 1.7 89 .0 25.2
892.1 2 ,0 8 3 ,2
11,696,2
5 .0 3 5 .0 2 4 .0
247 .0
971,0
4 ,5 6 5 ,0
2 3 .1 8 9 .0 29.3
5 .1 4 0 .0 1 .6 4 5 .0
1 8.804.0
18.578.4 2 9 .8
836.1
4 .6 9 2 .5
1 7.633.9
9 .3 8 0 .2 26.1
256 .8
2 .1 9 8.4
7 .7 8 5.7
1 5.277.0 26.3
267,0
3 .7 6 2 .0
11.6 82 .0
6 .0 8 5.3 20.1
475 ,4
1.117.4
4 .8 5 9 .2
2 9 .4 57 .4 2 6.0
459,7
7 .1 9 1 .8
2 7 .3 8 0 .8

T o ta ls , A vera ge 126,350,0 172,318,9 1343,031,4 294 ,26 8,7 76,4 01 ,4 140 7,2 55 ,2 26.3
1352,561,2 294,933,1 7 7 ,2 9 3 ,0 1 417,114,0 26.3

Actual figures

O n the basis o f averages, circu la tion a m ou n ted t o $ 4 9 ,0 5 3 ,2 0 0 and U n ited States
d ep osits (Included In d ep osits) to $ 2,4 0 0 ,9 0 0 ; actu a l figures J une 5 , circu la tion
$ 49 ,21 0,8 00 ; U n ited States d ep osits, $ 2,3 5 2 ,1 0 0 .

The State Banking Department also now furnishes weekly
returns of the State banks and trust companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the figures are compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
fo llo w in g :

STATE BANKS AND TRUST COMPANIES.

State Banks
Trust Cos.
Trust Cos.
State Banks
outside of
outside of
in
in
Greater N. Y. Greater N. Y. Greater N. Y. Greater N. Y.
$
$
$
$
*8,563,000
*8,025,000
59,675,000
25,975,000
Capital as Of April 2 8 ...
*9,807,164
37,306,000 173,921,500 *10,086,923
Surplus as of April 28___
83,393,400 128,048,500
Loans and Investments.. 297,349,300 1,047,276,800
+ 349,500
+ 286,300
—1,100 + 6,274,400
Change from last week.
49,077,800 118,879,300
Specie - ---------------------.............
.............
Change from last week. —1,113,300 + 1,270,700
13,316,300
26,603,800
.............
.............
I.egal-tend’s * bank notes
.mo
onn
—
160,700
—
Change from last week.
87,990,800 138,543,300
351.741,500 1,196,389.700
Deposits ___________
+ 292,500 + 1,434,100
+ 48,400 +9,157,500
Change from last week.
140,264,700
18,850,400
22,247,400
102,888,600
Reserve on depostts-----+ 932,900
+ 179,300
+ 811,100 + 1,385,700
Change from last week.
Week ended-June 5.

P. C. reserve to deposits.
Percentage last week----+ Increase over last week.

29.8%
29.5%

16.6%
17.0%

— Decrease from last week

22.0%
21.9%

16.6%
16.1%

.*As of March 24.

Note.— "Surplus” Includes all undivided profits. "Reserve on deposits” In­
cludes tor both trust companies and State banks, not only cash Items but amounts
due from reserve agents. Trust companies in New York State are required by
law to keep a reserve proportionate to their deposits, the ratio varying according
to location as shown below. The percentage of reserve required Is computed on
the aggregate of deposits, exclusive of moneys held In trust and not payable within
thrty days, and also exclusive of time deposits not payable within 30 days, repre
sented by certificates, and also exclusive of deposits secured by bonds of the State
of New York. The State Banks are likewise required to keep a reserve vary ng
according to location, but In this case the reserve Is computed on the whole amount
of deposits, exclusive of deposits secured by bonds of the State bf New York
Reserve Required for Trust Comphnles
— Trust Cos.—
— State Banks
and Stale Banks.
Total
Of
Total
Of
Reserve, which
Reserve which
Location—
Required, in Cash.Requlred. in Cash
Manhattan Borough.............
15%
15%
25%
15%
Brooklyn Borough (without branches In Uanhat.)15%
10%
20%
1°%
Other Boroughs (without branches In Manhattan).16%
10%
15%
15%
25%
/<>
Any Borough with branches in Manhattan---------15%
Elsewhere In State____________________________ 10%
5%
15%
6%

The Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing

THE CHRONICLE

J u n e 12 1909 J

House. These figures are shown in the table below, as are
also the results (both actual and average) for the Clearing­
House banks. In addition, we have combined each corre­
sponding item in the two statements, thus affording an aggre­
gate for the whole of the banks and trust companies in the
Greater New York.
NEW

Y O R K C I T Y H A N K S A N D T R U S T C O M P A N IE S .

Total o/ all
Clear.-House State Banks A
Banks.
Trust Cos. not Banks & 'Trust
in C.-H. Aver. Cos. Average.
Average.

Clear.-House
Banks.
ActualFlgures

Week ended June 5.

Capital as of April 2$.

S
126,350,000

S
126,350,000

$
69,700.000

S
196,050,000

Surplus as of April 2$.

172,318,900

172,318,900

182,845,100

355,164,000

Loans and Investments 1,352,561,200 1,343,031,400 1,136,153,900 2,479,185,300
Change from last week + 19,987,400 + 11,185,400
4-6,527,200 + 17,712,600
Deposits .................. 1,417,114,000 1,407,255,200 nl,097,816,300 2,505,071,500
Change from last+week
+ 6,370,700 + 15,465,600
16,674,500
+ 9,094,900
Change from last week

294,933,100
—3,807,500

204,268,700
—2,588,400

125,238,500
+ 1,315,700

419,507,200
— +272,700

Legal-tenders_______
Change from last week

77,293,000
+ 496,800

76,401,100
—1,266,800

622,263,600
—231,600

98,665,000
— 1,498,400

Aggr’te money holdings
Change from last week
Money on deposit with
other hks. & trust cos.
Change from last week

372,226,10)
—3,310,700

370,670,100
—3,855,200

cl47,502,100
+ 1,084,100

518,172,200
—2,771,100

Total reserve.............
Change from last week
Percentage to deposits
requiring reserve___
Percentage last week.

372,226,100
—3,310,700

+

29,680,200
+ 2,296,800

29,680,200
+ 2,296,800

370,670,100
—3,855,200

177,182,300
+ 3,380,900

547,852,400
—474,300

26.30%
26.86%

26.37%
26.82%

18.60%
18.80%

17,947,600

18,856,300

Increases o v e r last w eek .

14S1
We omit two ciphers (0 0 ) in all these figures.

Capital
and
Surplus.

Banks.
B o s to n .
M ay 1 5 ..
M ay 2 2 . .
M ay 2 9 ..
J une 5 . .
P blla.
M ay 1 5 . .
M ay 2 2 . .
M ay 2 9 . .
J une 5 . .

Loans.

Specie.

Legals. Deposits, a Circu­
lation.

S
4 1 ,7 9 0 ,0
4 1 ,7 9 0 ,0
4 1 ,7 9 0 ,0
4 1 ,7 9 0 ,0

S
2 1 0 ,0 5 0 ,0
2 1 0 .7 3 1 ,0
2 0 9 ,3 8 3 ,0
2 1 0 ,7 0 0 ,0

S
2 8 ,0 7 0 ,0
2 7 ,5 8 0 ,0
2 7 ,0 1 8 ,0
2 6 ,8 5 4 ,0

•$
4 ,3 0 7 ,0
4 .5 7 1 ,0
4 ,2 8 5 ,0
4 ,1 4 8 ,0

5 4 ,3 9 0 ,0
5 4 ,3 9 0 ,0
5 4 ,3 9 0 ,0
5 4 ,3 9 0 ,0

2 6 1 ,1 2 2 ,0
2 6 1 ,9 9 2 ,0
2 6 3 ,3 1 9 ,0
2 6 5 ,8 0 6 ,0

8 2 ,7 0 4 ,0
8 5 ,7 3 9 ,0
8 4 ,7 1 1 ,0
8 5 ,3 5 7 ,0

Clearings.

$

S
2 0 9 ,9 6 4 ,0
2 0 9 ,0 2 7 ,0
2 6 5 ,6 3 2 ,0
2 7 1 ,9 0 4 ,0

7 ,6 1 2 ,0
7 .5 9 1 ,0
7 ,5 8 1 ,0
7 ,5 8 2 ,0

$
1 6 3 ,9 2 1 .2
1 5 0 ,2 0 2 ,3
1 3 8 ,6 2 1 ,0
1 38 ,83 7,0

3 2 0 ,2 1 5 ,0
3 2 4 ,6 6 4 ,0
3 2 4 ,0 0 1 ,0
3 2 8 ,2 4 6 ,0

1 5,5 12 ,0
15.4 83 ,0
15,4 22 ,0
15,390,0

1 29 ,82 4,4
1 3 2 ,5 6 0 ,7
1 3 1 ,3 5 9 ,0
1 3 5 ,1 5 4 ,6

a In clu d in g G overn m en t d ep osits a n d th e Item " d u e to o th er b a n k s.”
A t B o s to n
G ov ern m en t dep osits a m ou n ted to $ 1 ,7 4 1 ,0 0 0 on June 5, a ga in st $ 73 6,0 00 o n .M a y 2 9 .

Imports and Exports for the Week.— The following are
the imports at New York for the week ending June 5; also
totals since the beginning of the first week in January:
F O R E IG N IM P O R T S A T N E W Y O R K .

For Week.

1909.

1908.

1907.

1906.

G eneral M erch a n dise________

$ 2 ,7 64 ,87 2
14,9 32 ,45 8

$ 1 ,6 23 ,56 7
11,341,485

$2,8 72 ,80 1
11,497,122

$ 2 ,6 0 8 ,6 2 5
1 3 .2 42 ,29 2

$ 1 7 ,6 9 7 ,3 3 0

$ 12 ,96 5,0 52

$14 ,36 9,9 23

$ 1 5 ,8 5 0 ,9 1 7

$74 ,51 0,6 01
3 00 ,41 9,5 06

$51 ,92 5,7 51
2 12 ,36 6,4 63

$82 ,14 9,0 44
309 ,22 8,8 12

$ 7 0 ,0 7 8 ,3 6 5
2 54 ,84 7,6 68

Since January 1.

$37 4,9 30 ,10 7 $ 26 4,2 92 ,21 4 $39 1,3 77 ,85 6 $ 32 4,9 26 ,03 3

The following is a statement of the exports (exclusive of
specie) from th& port of New York to foreign ports for the
week ending June 5 and from Jan. 1 to date:
E X P O R T S FROM N E W

— D ecrease from last w eek.

T hese are the d ep osits a fter elim in a tin g th e Item “ D ue from reserve d e p o s i­
tories and o th er ban k s a n d trust com p an ies In N ew Y o r k C lty ;“ w ith this Item
Included, dep osits a m ou n ted t o S I ,30 9 ,5 5 7,4 00 , an Increase o f § 1 0 ,3 5 7 ,4 0 0 ov e r
last w eek. In th e caso o f th e C learin g -H ou se b an k s, the dep osits ir e " n e t ” b oth
fo r the average and the a ctu a l figures. 6 In clu d es b an k n otes, c O f this a m ou n t
S ta te banks hold $ 15 ,3 0 6 ,5 0 0 a n d trust com p an ies $ 13 2,1 95 ,00 0 .

Y O R K F O R T IIE W E E K .

a

F o r the W e e k ________________
P re v io u s ly re p o rte d .................

1909.

1908.

1907.

1906.

$S,407,457
257,6S0,82O

$ 8 ,7 94 ,66 3
282 ,00 9,2 11

$ 1 0 ,9 3 3 ,2 9 6
261 .35 6,9 87

$ 11 ,9 9 9 ,7 2 8
2 4 8 ,16 5,7 29

T o ta l 22 w eek s____________ $26 6,0 88 ,27 7 $29 0,8 03 ,87 4 $ 2 7 2 ,2 9 0 ,2 8 3 $ 26 0,1 65 ,45 7

The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing House compare
as follows for a series of weeks past:
C O M B IN E D R E S U L T S O F B A N K S A N D T R U S T C O M P A N IE S I N
G RE A TE R NEW Y O R K .

The following table shows the exports and imports of
specie at the Port of New York for the week ending June 5
and since Jan. 1 1909, and for the corresponding periods
in 1908 and 1907:
E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W Y O R K .

We omit two ciphers in all these figures.
Week
Ended.
A p ril
A pril
M ay
M ay
M ay
M ay
M ay
Juno

Exports.

Loans andt
Investments.

Deposits.

S
2 .4 1 3 .3 8 9 .0
2 .4 4 2 .6 9 9 .2
2 .4 5 2 .9 5 1 .1
2 ,4 7 1 ,5 1 1 ,9
2 .4 6 4 .6 4 9 .6
2 .4 5 9 .3 0 7 .3
2 .4 6 1 .4 7 2 .7
2 .1 7 9 .1 8 5 .3

$
2 ,4 1 0 ,0 0 0 ,6
2 .4 4 3 .4 5 2 .8
2 .4 4 3 .9 7 0 .6
2 .4 7 3 .3 7 7 .8
2 ,4 7 5 .7 9 4 ,3
2 .4 7 8 .5 5 5 .7
2 .4 8 9 .6 0 5 .9
2 ,5 0 5 ,0 7 1 ,5

1 7 ..
2 4 ..
1- 8 ..
1 5 ..
2 2 ..
2 0 ..
5 ..

Tot. Money Entire Res.
Holdings. on Deposits

Specie.

Legals.

$
4 01 ,37 8,5
4 05 .21 8.3
4 04 .94 8.3
404.34 0.1
4 0 0 ,3 0 1 ,0
4 15 .34 4.4
4 20 ,77 9,9
4 19 .50 7.2

$
9 9,3 38 ,5
9 8,6 47 ,7
9 9 .0 7 8 .9
9 8 .1 5 9 .9
9 9 .9 7 0 .9
9 9,8 66 ,2
100,16 3,4
9 8 ,6 6 5 ,0

$
5 00 .71 7.0
5 03 .86 6.0
5 04 .0 2 7 .2
502.50 0.0
5 09 ,27 1,9
5 15 ,21 0,6
520.94 3.3
5 18 ,17 2,2

$
5 26 .80 4.2
5 30 ,57 1,4
5 3 2 .5 0 5 .3
531.15 4.4
5 3 0 ,6 8 0 ,0
5 42 ,70 8,9
5 48 .32 6,7
5 47 .85 2.4

Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending June 5, based on average daily results.

Q old .

Week.

Capi­
tal.

Sur­
plus.

Loans,
Dlsc’ts
and
Invest­
ments.

Specie.

Legal
Tender
and
Bank
Notes.

$

S

Other
VNcl
Banks, Deposits.
die.

N. Y . C ity.

Boroughs of
Man.A llrx.

$
100,0
W a sh . H gts
200,0
C en tu ry . . .
400,0
C olonial
C olum bia ..
3 00 ,0
200,0
F id elity . .
J efferson . .
500,0
2 50 ,0
M t. M orris.
200,0
M u t u a l____
P l a z a ..........
100,0
23d W a r d ..
2 00 ,0
U n ion E x .N 1,000,0
Y o r k v llle . .
100,0
Coal A I.N a t
500,0
N c w N c th l’ d
200,0
B a tt.P k .N a t
200,0
A etn a N a t.
3 0 0 ,0

$
228,2
149,6
249,4
439,7
182,7
684.2
284,2
3 IS .7
402,2
9 3,8
042,6
439,9
736,5
241 ,5
146,6
308 ,5

B roa d w a y .
200,0
252 ,0
M frs' N a t . .
M echan ics’ . 1,000,0
750 ,0
Nassau N a t.
3 0 0 ,0
C it y ...............
N orth S id e .
200 ,0
J ersey C ity .
400,0
F irst N a t . .
250,0
H u d .C o .N a t
200 ,0
T h ird N a t . .
H ob ok en .
220 ,0
F irst Nat .
125,0
S econ d N a t.

524,3 3 ,1 5 8 ,2
780 ,5 5 ,6 3 3,5
933,9 10,472,7
927,4
0 ,5 1 1,0
587,2 4 ,4 1 2 ,0
141,8
1 ,6 0 2,0

Borough o/
Brooklyn.

T o t.J u n e 5 8,647,0
T o t . M ay 29 8,647,0
T o t . M ay 22 8,047,0

$
1 ,173,0
1,4 6 7,0
4 ,8 2 1,9
5 ,7 7 9,0
1,0 0 2,8
3 ,2 1 0 ,5
3 ,0 0 9 ,5
3 ,9 4 7 ,4
3 ,6 8 1 ,0
1,718,3
8 ,3 3 7,7
3 ,7 8 0 ,0
4 ,8 2 8 ,0
1 ,926,0
1,110,7
1 ,991,3

S

100,0
55,0
21,9
277,1
657,7
3 5 2 ,6
643,0
613,0
67,0
85,7
446,2
9 ,6
46,3
588,5
31,4
649 ,5
3 4 2 ,0
327 ,0
59,4
152,2
877,4 1,300.0
52,3
7 4 5 ,0
236,0
871,0
7 6,0
223,0
49,6
186,9
34,3
459,8

$
360 ,0
109,9
470,8
855,0
128,5
264,8
387,0
666,7
629,0
317,4
80,5
422,6
574,0
261,0
76,9
99,2

3 0,5
610,7
238,6
3 0 4 ,0
106,0
140,3

442,9
115,0
1,701,3
598,0
042,0
68,3

342,8
1,092,2
1,124,2
1,363,0
877,0
379,9

373 ,6
218 ,8
203 ,6

220,7
737 ,5
308,3
85,0
5,1

150,0
5 0 ,0
2 5,0
25,3

S
1 ,2 5 0 ,0
1 ,964,2
0 ,4 9 3 ,4
7 ,3 1 0 ,0
1,017,1
3 ,6 5 4 ,3
3 ,9 3 4,1
4 ,8 3 9 ,0
4 ,4 6 7 ,0
2 ,0 8 2 ,8
8 ,5 5 1 ,3
4 ,9 9 9 ,8
5 ,0 1 1 ,0
2 ,0 9 5 ,0
1,0 1 3,8
1,8 6 0,6

3 ,9 0 9 0
6 J510[3
13,620,4
6 ,9 8 2 ,0
140,0 5 ,8 3 3 ’0
220,3 2 ,1 6 1 ,9

1 ,989,815
5,000
2 5 ,2 12 ,44 0
2 ,0 3 0,1 45

2,1 0 0
66,249
59,684

T o ta l 1 90 9 ________ ______ _______
$ 2 ,1 20 ,44 0 $56 ,09 9,7 52
T o ta l 1 908.......... ......................... ......... 1 ,798,000 39,8 51 ,29 1
T o ta l 1 90 7 __________ __________
5,58 0,5 88 10,262,122
Silver.
$ 887,510 $ 18,243,921
26,900
1 ,780,050
9,647
249
61,336

$ 128,426
115,680
45,224

$ 5 ,1 8 2 ,0 8 6
10,4 42 ,85 5
5 ,5 5 5,1 09

$ 7,112

$12 8,7 85
4 ,6 1 5
14,807
65,581
1,14 4,4 66
468,536
430 ,18 0

M e x i c o ........................................................
S ou th A m e r ica ______________________
A ll o th er co u n tr ie s............................. ..

3,0 0 0
1,23 2,4 40

9 ,043
355
194,108
4,2 6 0

1,171
2 8,029

$916,507 $ 20 ,12 4,1 54
17,852,744
980 ,29 8 18,272,085

$ 214,878
49,793
17,951

$ 11 3,3 12
2 ,1 2 9 284
350
2 8 1 ,27 9
2 99 ,34 4
1 ,2 0 2,8 93
1 ,1 5 5,6 24

$ 2,2 5 6 ,9 7 0
1 ,3 4 2,7 60
761,941

Of the above imports for the week in 1909, $2,100
were American gold coin and $ ___ American silver coin..
Of the exports during the same time, $2,120,440 were Ameri­
can gold coin and $ ___ were American silver coin.

faulting atidjpnatitial.
We shall be pleased to furnish to institutions and investors copies
of our special circular describing
43 RAILROAD BONDS
Listed upon the New York Stock Exchange

Spencer Trask & Co.
WILLIAM AND PINE STS.,
NEW YORK
Branch offices: Chicago, III., and Albany, N. Y.

M

o

f

f

a

t

4,531.1
2 ,6 6 3 ,8
1 .795,7

261,8
178,4
59,0

391,2
30,4
142,7

3 ,0 3 7,2
457,2
716,2

886,0
557,4
5 6,8

7 ,4 2 7 ,7
3 ,1 3 2 ,7
2,5 7 2 j j

611,4
237,1

2 ,8 7 0 ,8
2 ,3 1 7 ,0

110,2
72,4

2 3,6
59,0

184,0
88,9

65,3
341 ,8

2 ,4 4 7 ,6
2 ,7 7 4,4

5 NASSAU STR E E T.
NEW YORK

15,366,4 4,7 3 6,9 118111,3
14,105,2 5,068,9 110206,8
15,513,7 5,654,1 118035,1

B a n k in g a n d E x c h a n g e o f e v e r y
d e s c r i p t i o n In c o n n e c t i o n w it h

Boston and Philadelphia Banks.— Below is a summary of
the woekly totals of the Clearing-House banks of Boston and
Philadelphia.




T o ta l 1 90 8 .............................................
T o ta l 1907..............................................

1 ,221,3
718,2
375,8

12,907,2 97,765,3 7,471,3 9,653,9
12,907,2 97,233,6 7,533,2 9,616,8
12,907,2 97,063,1 7,649,3 9 ,542,0

Since Jan 1

$393

1,848

Deposit with—
Clear­
ing
Agent.

Week.

$ 13 ,9 5 8 ,1 2 0
$S85,000 12,9 04 ,23 2

We omit two ciphers (0 0 ) In all these figures.

Banks.

Imports.

Since Jan A

&

W

h

i t e

BANKERS
Members New York Stock Exchange
THE ROOKERY
C H IC A G O
TVPO Pm Q

a

w n

1M PU RX 8 A N D

pY D C D rrn

EXPORTS

International Banking Corporation
NO. 60 WALL STREET. NEW YORK
Capital & Surplus. $6,600,000
Special facilities for Travelers
Branches at Home and Abroad.
in all parts of the World.

1482

T H E C H R O N IC L E

[VOL. L X X X V I I I .

jBatxkjers’ (Bit&ette.

State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $21,000 Virginia 6s deferred trust re­
ceipts at 45 to 48.
Wall Street, Friday Night, June 11 1909.
Transactions in the market for railroad bonds have aver­
The Money Market and Financial Situation.— The rather
phenomenal advance in a part of the shares list, to which aged relatively large for the week, although considerably
reference was made last week, has been better maintained reduced since Monday, when they were nearly $8,000,000,
than is usual in such cases. This fact seems to show that par value. A few issues have been very active, including
confidence in the improved trade conditions is strong and Atchison, Union Pacific, Southern Pacific and American
well founded. It may be said, moreover, that the most Telephone & Telegraph.
reliable evidences of such conditions are renewed week by
United States Bonds. No sales of Government bonds have
week with increasing force.
been reported at the Board this week. The following are
The Government crop report, issued on Tuesday, was not the daily closing quotations; for yearly range see third page
quite as favorable as had been hoped for, but it is to be re­ following.
membered that the crops have improved substantially since
May 31, and that such a report made to-day would show a
Interest June June June June June June
Periods
5
7
8
9
10
11
higher relative standard. Crop prospects from now on will
undoubtedly be a dominant factor in the general situation, 2s, 1930 ...............registered Q—Jan *101% *101% *101% *101)4 *101% *101%
1930................ --coupon Q—Jan *101% *101% *101% *101% *101% *101%
exerting a greater influence, perhaps, than any other. In 2s,
3s, 1908-18 _____ registered Q—Feb *101% *101%
*101)4 *101)4 *101%
view of this possibility, it is interesting to note that spring 3s, 1908-18 - ........... coupon Q—Feb *102 *102 *101)4
*102 *102 *102 *102
1908-18___ small coupon Q—Feb *100 *100 *100 *100 *100 *100
wheat is in excellent condition, and the acreage large, and 3s,
4s, 1925 ________ registered Q—Feb *118% *118% *118% *118% *118% *118%
that winter wheat promises better than it did some time ago. 4s,
1925___________ coupon Q—Feb *121 *121 *121 *121 *121 *121
It is too early, of course, to make any predictions as to corn, 2s, 1936-Panama Canal regls Q—Feb *101 *101 *101 *101 *101 *101
2s,
1938-Panama
Canal regls Q—Nov *101 *101 *101 *101 *101 *101
but in view of the price, it seems reasonable to suppose that
the acreage will be large.
* This Is tin: price bid at the morning board; no sale was made.
The money market shows a slightly hardening tendency,
Railroad and Miscellaneous Stocks.— The upward move­
and rates have been quoted fractionally higher than of late!
ment in stocks which was in progress at the close of last week
Gold shipments for the week $250,000 to Argentina.
The open market rates for call loans at the Stock Exchange continued with diminishing force until Monday. On that
during the week on stock and bond collaterals have ranged day the offerings, stimulated chiefly by a desire to realize
from 1% to 2 % % . To-day’s rates on call were 1 % @ 2 % . profits, were in excess of the demand, and a reactionary
Commercial paper quoted at 3 @ 3 % % for 60 to 90-day tendency resulted. Since Monday the market has been ir­
endorsements, 3 % @ 4 % for prime and 4 tq 6 months’ single regular, and the volume of business has steadily decreased.
There has been no general decline and of a list of 30 active
names.
„
The Bank of England weekly sttaement on Thursday stocks about one-half close somewhat higher than last week.
Among the issues that have continued strong are Great
showed an increase in bullion of £1,016,169 and the percen­
tage of reserve to liabilities was 48.70, against 45.61 last week. Northern, Northern Pacific, Union Pacific, Atchison and
The rate of discount remains unchanged at 2 % % , as fixed Baltimore & Ohio, all of which have reached a new high
April 1. The Bank of France shows an increase of 17,650 000 level at or near the close of the week. On the other hand,
Southern Pacific has lost 2 % points, Reading 2 % , New
francs gold and 3,425,000 francs silver.
York Central 2 and others from 1 to 2 points.
NEW YORK CITY CLEARING-HOUSE BANKS.
Industrial stocks continue to attract attention, as will be
1909.
1908.
1907.
seen by referring to the following pages of quotations, which
Averages for
Differences
Averages for Averages for
show that Steel common sold above 68, the preferred at
week ending
from
week ending week ending
•
.
June 5.
previous week.
June 6.
June 8.
126%, Amalgamated Copper at 88, Smelting & Refining at
97% and others in this group at new record prices. General
$
$
$
S
126.350.000
124,350,000 129,100,000 Electric was a strong feature to-day, and shows an advance of
172.318.000
162,068,700 160,994,100 4 % points within the week.
Loans and discounts__ 1,343,031,400 Inc. 11,185,400 1,211,601,900 1,141,445,400
47,400
49,053,200 Dec.
For daily volume of business see page 1492.
56,830,800
50,565,900
Net deposits................ 1,407,255,200 Inc. 9,094,900 1,282,500,400 1,119,141.500
The following sales have occurred this week of shares not
2,400,900 Dec.
16,500
U. S. dep. (Incl. above)
19,831,900
31.661.700
294,268,700 Dec. 2,588,400 295.945.300 213,574,200 represented in our detailed list on the pages which follow:

Legal tenders...............

76,401,400 Dec. 1,266,800

71,872,000

72.191.700

370,670.100 Dec. 3,855,200
351,813,800 Inc. 2,273,725

367.817.300
320,625,100

285,765,900
279,785,375

Surplus reserve........

18,856,300 Dec. 6,128,925

47,192,200

5,980,525

Surplus excl. U. S. dep.

19,456,525 Dec. 6,133,050

52,150,175

13,895,950

Note.— T h e Clearing H ouse now Issues a sta tem en t w eek ly show ing the total
o t th e a ctu a l figures on S a tu rd a y m orn in g . T h ese figures, tog eth er w ith the returns
o t sep arate b a n k s, also th e su m m a ry issued b y the S ta te B a n k in g D epa rtm en t
sh ow in g the co n d itio n ot S ta te bank s aud trust com p an ies n o t rep ortin g to the
C learing H ou se, a p p ea r on the secon d pa g e preced in g .

Foreign Exchange.— The market was generally lower early
in the week, influenced largely by deranged discounts abroad,
incident to the London Stock Exchange settlement. When
this was concluded the tone became strong. Gold exports
$250,000 to Argentina.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 87 for sixty day and 4 88% for sight. To-day's
(Friday’s) actual rates for sterling exchange were 4 8590@
4 86 for long, 4 8770@4 8780 for short and 4 8795@4 88
for cables. Commercial on banks 4 8555@4 8565 and docu­
ments for payment 4 85@4 86. Cotton for payment 4 85@
4 85% , cotton for acceptance 4 8555 @ 4 8565 and grain for
payment 4 85% @ 4 86.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 18% @ 5 17%ct for long and 5 16% @ 5 16%a for short.
Germany bankers’ marks were 95 1-16@95% for long and
95% @ 95 7-16 for short. Amsterdam bankers’ guilders were
40 35@40 37 for short.
Exchange at Paris on London 25 fr. 20 % c.; week’s range,
25 fr. 22c. high and 25 fr. 19%c. low.
The week’s range for exchange rates follows:
--------------- Long----- ;--------- --------------- Short--------------- ------------- Cables—---------Sterling, Actual—
H ig h .............4 8020
@ 4 8630
14 8780
@ 4 8785
14 88
@ 4 8810
L o w - - - • - . . 4 8570
@ 4 8580
14 8765
© 4 8770
|4 8795
@ 4 88
Paris Bankers' Francs—
H ig h .............5 18 %
@ 5 17 % a 15 1 6 %
@ 5 16% a I
..................................
L o w ........... 5 18%
@ 5 18%
|5 1 6 % d
@ 5 16%
|
....................................
Germany Bankers' Marks—
H ig h _______ 95 1-16 @ 9 5 %
| 95 7 -16 @ 9 5 %
I
................................
L o w _______ 9 4 %
@ 95
| 95%
@ 9 5 7 -16
| .....................................
Amsterdam Bankers' Guilders—
H i g h . .............................
@
........... I 40 35
@ 4 0 40
I
...........................
L o w . . ...........................
@
........... I 40 35
@ 4 0 37
| .............................

Less: a 1-10 of 1%. d 1-32 of 1%. ft 3-32 of 1%.
Plus: k 1-16 of 1%. i 1-32 of 1%. y 3-32 of 1%.

The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston selling, $1 per $1,000 premium.
New Orleans bank, 75c. per $1,000 discount; commercial,
75c. per $1,000 discount. Chicago, 30c. per $1,000 premium!
St. Louis, 40c. per $1,000 premium. San Francisco, 10c.
per $1,000 premium.




STOCKS.
Week ending June 11.
Amer. Teleg. A Cable—
Atchison rights.............
Cent. A So. Amer. Teleg.
Comstock Tunnel-------Des Moines * Ft Dodge.
General Chemical, pref-Keokuk * Dcs M, pref..
M St P & S S M sub reds
2d Installment paid__
Morris A Essex_______
New York Dock, pref__
Ontario Sliver Mining__
Peoria A Eastern.........
Rutland, prof ..............
St L A 8 P—O A E 111
new stock trust certs.
United Cigar Mfrs, pref.
Vulcan Detlnnlng_____
Preferred..................

Sales
for
Week.

Range for Week.

Range since Jan. 1.

Lowest.

Highest.

100 80 Juno
%Junc
4,700
6 115 June
900 28c. June
100 13 June
100 103% June
100 30 Juno

9 80 June
5 1 June
9 115 June
9 29c. Juno
b 13 Juno
11 103%Juno
6 30 June

9
10
9
7
5
11
5

100 135 June
10C 182*^June
30 80 June
100 4 June
1,20(1 22 Juno
505 36%June

5 135 June
10 i82%June
V 80 Juno
7 4 June
10 27 June
8 38>3Juno

5
10
9
7
5
5

7 66 June
100 105 June
5,877 9% June
1,535 57)4 June

10 66
9 105
5 15
5 68

10
9
11
11

June
Juno
June
June

Lowest.

Highest.

75

Feb 80
1
Vs
105
115
21c.
30c.
13
1ft3%
98)4
103% .Tilno
25
30' "
130
135
182% June 185
75
Jan 80
3% Apr 5%
22 June 27
28
Mch 38% Juno
62% Apr 70
99
Jan 110
May
6
Feb 15 June
45
Jan 68 Juno

Outside Market.— Unfavorable weather contributed to
curtail operations in the “ curb” market the fore part of the
week, prices at the same time showing a sagging tendency.
Later a better tone was reported. The so-called Heinze
group was a feature, Davis-Daly in particular moving up
from 5 to 6 3-16, with the close to-day at 5% . Ohio Copper
improved from 4% to 5% , ending the week at 4% . United
Copper common at first sold up from 9% to 11%, imt after­
ward ran down to 10. It advanced again to 10%, closing
to-day at 10%. British Columbia weakened from 7% to
7 % , then rose to 8% and finished at 8. Greene-Cananea
moved up from 10% to 11, but fell back to 10%. Goldfield
Consolidated, after fluctuating between 7 5-16 and 7 % ,
jumped to 8% , weakening finally to 7 15-16. Among indus­
trials American Tobacco sold from 430 to 428, then up to 450
and finally at 440. Central Foundry preferred gained about
2 points to 19%. International Salt lost about 2 points to
16, improved to 17% and sold finally at 16%. Standard Oil
moved up from 673 to 680. United Cigar common reacted
from 72 to 70% . United Cigar Stores was traded in, “ w. i.,”
from 121 to 125. Chicago Subway lost 2 points to 24 and
recovered to 25% . In the bond department the Atch.
Topeka & Santa Fe conv. 4s, “ w. i.,” rose from 112% to
113% and dropped back to 112%, with transactions in the
unlisted department of the Stock Exchange to-day at 114%.
N. Y. City 4s, “ w. i.,” ranged between 101 3-16 and 101%,
with sales on the Exchange to-day at 100% and 100%.
Jones & Laughlin 5s advanced from 100% to 101. Kansas
City Southern 5s moved up from 101% to 102% and down
finally to 101%. Western Pacific 5s sold between 97%
and 97%.
Outside quotations will be found on page 1492.

New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING TW O
STOCKS—HIGHEST AND LOWEST SALE PRICES.
Saturday
June 5.

Monday | Tuesday
June 7.
June 8.

Wednesday •'^Thursday
June 9
Avne 10.

Friday
June 11.

Sales 0)
the
Week
Shares

PAGE*

STOCKS
NEW YORK STOCK
EXCHANGE

Range since Jan. 1 1909.
On basis 0/ 100share lots.

Range 1or Previous
Year (1908),

Highest

Lowest

, Railroads
1133.1 1153g 114 115*4
115*2 114 1147g 1143g 116*8 11578 117 304,060
tch Topeka & SantaPe 977g Jan 13 117 J’neil
,.<% 106 105*2 1057S 10534 1057s 10534 10534 3,630
10638 1053j 1057; 106 :
Do pref__________ 100*4 Jttf* 20 106 J’ne 7
13U2 133l2; >1*2 135
12912 132
7,175 Atlantic Coast Lino R R .. 10712 Jan 14 135 J’lie 8
134 134I4 *133 135
133 133
11712 11834 117*2 119*8 11858 1197s 117*4 118*8 118*8 120
1187S 119*4 114,510 Daltlmore & Ohio
103*2 Feb 23 120 J’ne 10
95 *9334 95 *93*2 95 *93*2 95
*94 95 *94
9434 9434
100 ** Do pref__________
96 Apr 12
92 Feb
813S S214 81*4 827g 81 817g *79
803s 7934 80*4 79*2 80 47,880 Brooklyn Rapid Transit. 67 Jan
827g J’ne 7
18414 184*4 183 1841 183 183*2 183 184
184 18412 183*4 184*g 8,700 /Canadian Pacific
1I66 Mcli
185*8
J’ne 4
6634 6G34
*64
67
65
940 p an a d a Southern______ 60*4 Jan 11 68 May25
65
66
66*s 66*8 *65
*292 295 *292* 2*9*6*' *290 295 *290 295 §290 290 *290 295
25 Central of New Jersey__ 215 Feb 23 298l2 May 12
7734
787g
787s 7912 7812 79
77
78*4 7734 7834 77*2 783g 38,770 Chesapeake & Ohio........
60i4 May20
655s Jan
713g 7034 71
71
70l2 "71*8
"
707g 71
70*2 71
7012 71*8 3,200 Chicago & Alton RR___
67‘s Feb 24 7434 Apr 1
76
76
70
*73
76 *75
76
900 Do pref_____________
76
76 76
*75 76*2
7S12 Mch27
71
Feb
24
45S 4*4
4*g 434
434 5
5
434 5*4
412 43
“ 4 11,550 hicago Great Western..
6*4
4U Meh 18 lU2 Jan 2
*55
66
*55
64 *55
64
*55
150 Do 4 % debentures___
64
§62
62
65*4 65*4
55*4 J’nei
64 Mayl7
29 *27*4 29
283
4
2734
500
283
4
283.,
*261.1 28 *27
*27*4
27*2
Do 5% pref “ A” ......... 25 .'an 13 37 Jan 4
*678 7
634 7*8
07g 7
7
6*2 7*s
7*8
6*4 6*8 8,458 Do 4% pref “ B” __
14*8 Jan 2
6*4 J’n e il
16618 157iS 1547s 157
15478 15634 15334 155*2 155 156*2 1547g 15578 93,000 Chicago Milw & St Paul. 141 Feb 23 157ig J’ne 5
16912 170!g 169*4 16934 169*4 169*2 169 169*2 169 169*8 7,632 Do pref_____________ 158*» Mchlfi 170*4 J’ne 4
16914 170
182l2 183>4 18234 184
18334 184*4 182*2 1827g 183 183*2 184 184*4 9,470 Chicago & North Western 173*8 Feb 24 I86I2 J’ne 3
*220 225 *220 260 *220 225 *220 225 *220 225 *220 224
Do pref_____________ *208 MchlS §^25 Jan 5
*155 160 *155 160
760 Chic St P Minn & Omaha 148 Apr 22 16U2 J’ne 8
169 161*2 *158 165 *158 163 *158 163
342 Do pref__________ ;__ 166*2 Jan 30 172 J’ne 10
*165 175 *165 175 *165 175 *165 175
172 172 *170 175
6
300 Chie Un Trac ctfs strapd
0
5*2 5*2 *5
*512 6*4 *5
*5*4 6
5*2 612
45s Apr 20
i Jan 4
150 Do pref ctfs stmpd__
15
15
*14
16 *14
15 *14
*15
16
§15
15
15
13*4 Apr 17 18*4 Jan 27
7414 7434 7514 76*4 7534 7534 75
76*8 70 773g 7634 77*4 3,900 Cleve Cin Chic & St L__
t8 Jan 29 79*2 Feb 16
100
*103
106
103*4
103*4
*102
106
*101 104
Do
pref_____________
102*8 102*8
100 Jan 4 105 Meh 22
59*4 60 ** 6.185 Colorado & Southern___
63 63*4 62 62*4 62*2 63
64 6434 64*4 64i
57*8 Jan 5 68*4 Jan 8
1,010 Do 1st preferred--------82 *81 82
8134 82
81*4 8134 8 U4 81*4 *81
82
82
7b*2 Jan 2 86 May 1
80 80*2 80*4 80*4 80*4 80*4 SO*.; 80*2 2,455 Do 2d preferred
8034 8034 581
81
73*4 Jan 2 84*2 Jan 7
192 193
192 102
3,340 J^elaware & Hudson..I
192*8 19334 192 192
193 19334 193U 194
. . . 167«4Feb24 200 Mavl4
100
elaware Lack & West. 536 Feb 6 680 Apr 22
*640 660 050 650 *640 660 *040 650 *645 660 +645 660
613
4
50*2
61
50*s
51
29,710
61*8
517g
50*4
523«
37*s Jan 6 64 Apr 20
Denver & Rio Grande__
503S 6112 61
89*2 89
89*4 2,960 Do pref_____________
79*2 Jan 6 90 Feb 10
89
89*8 89*2 89*8 89 89*4 *89
89l4 89
61
1,300 Detroit United................. 1 50 Jan 30 62*2 Feb 20
69*2 68*2 59]2 60 61*s 0134 61*4 61
*50
6812 *56
§17*2
17*2
1734
17*2
17*4
173S
1734
660 Duluth So Shore & Atlan 15*4 Jan 6 21 Jan 16
17*8 173s
17*2
17'8 177S
32*4 31*2 32
§32
32 *31
32
1,556 Do pref..............
28 Feb 23 361. Jan 15
325g 3234 32*2 325g 32
3634 3734 3534 367g 36*4 37*2 36*8 373g 131,550 L'lrle.............. ........
22*8 Mchll
39 J’nc 7
367g 3814 37U 39
547g 53*4 6412 23,050 El D o 1st pref__
66*8 J’ne 5
36*2 Mchll
6338 551g 54*2 55*8 53*4 547S 63*8 54*4 54
447g 43*4 43*4 8,650
44*2 44
4534 J’ne 5
Do 2d p r e f...
28*2 Mchll
43*2 4534 43*2 447g 44*4 447g 44
14912 15034 149*8 15034 149*4 15034 148*g 150 149*8 1517S 150*8 1513g 83,500 Great Northern pref____ 136*8 Feb 24 1617g J’ne 10
74*4 7434 74*4 75*2 7412 7534 16,005 Iron Ore properties__
74*8 75
75 70
65 *8Mchl 2 76*2 J’ne 3
75>2 70
16 *15*2 16*2 *15*2 16*2 *15*2 1G**> *15*2 16*2
44 Green Bay & W, deb ctf B 14 Feb 26 17 Jan
16
I 6I2 10
59 69
*
66*8
68
*5512
67
69 59l2 *59 ___
625
avana Electric
39 Feb
59*2 J’nc 10
*5512 67
90 *85
90 *85 90
*87
90 *86
90
*84 00 *84
Do pref_________
83*s Feb 6 861g Apr 8
101 102
105 105
115 115
1,600 Hock Val J P 4 M Co rets 97 May 3 118 J’nc 10
107 118
*97 101 *97 101
*90
92
*90*4
91
92
92
500 Hocking Valley pref___
94 9412
90*2 90*2
9OI4 OOI4
88 Apr 27 94l2 J’ne 11
149 15134 14912 151
148*2 1493S 1493S I 5OS4 14934 150
14834 151
18,600 llinois Central............ 137 Feb ■£. 15134 J’ne 7
1612 17
16*8 12,600 nterboro-Metropolltan. 11*8 Mch23 19 Jan 5
I 6I4 16*2 1618 10*8 16*4 163g 16
lu**4 17
46*4
46*8 461S 46*4 45*s 45*8 46
363. Mch23 49*8 Jan 6
4534 467g 4514
Do pref.
45*2 45*8 18,770
31*i 32
3,475 Iowa Central
313g 80S 313g 3034 31
31
27 Feb 24 36 Apr 15
31*2 32
3 H2 32
6834 58*8 583S 577g 677g 57
6734 2,850 Do p ref.. _________ 54*o Jan 4 62 Apr 16
6712 683g' 58*2 6834 58
200
7914 *78
79*2 *77*2 79*2 *78 79*2
C Ft S & M tr cfs, pref 7434 Feb 2 79i2 May13
70*8 *78
*7814 7912 *78
471S 4712 467g 473g 4634 473s 46*2 47*4 46*2 47
46*8 46*s 13.060
ansas City Southern.. 37 Feb 23 48*8 Mayl4
3,050
677g Feb 24 747* Mch30
Do pref__________
7312 7312 73*4 73*8 72*3 73*2 73*8 733g 727S 733* *72*2 73
27
28
27
273S 273g 27*8 27*8 2,600
25
27
26
191* Feb 26 28 J’ne 8
ake Erie & Western..
27*2 28
66
6434 64
637S 637g *60 64
64 *62
55
3,760
63>2 63
J Do pref
48 Jan 23 6434 J’ne 7
*68
70 *68*2 70 *68*2 70 *68*2 70 *68*2 70 *68*2 70
Long Island___
. ___
59 Jan 4 71*8 AIay24
140"ig 143 142*2 145 143*2 145*2 143*8 1-1412 143 14434 14212 143*2 14,000 Louisville & Nashville__ *121 Jan 29 14512 J’ne 8
\i1 anhattan E levated... 142 Mcb25 153*2 Jan 4
*14612 143 *146*2 148 *146 148 *146 148 +145 148 *143 147
*23
29 *25
32 *25
*22 31
3212
21 Met; 25 42 Jan
650 Hi etropolltan Street . . .
31
29 29 *22
68
50*2 57*4 57*2 57*2 *57
56*2 67
1,630 Minneapolis & St Louis.. 52 Meh 6 65 Jan
58
5814 58 68
*86
90
87
87 *85 90
100 Do pref_____________
81 Mcli 10 90 Jan
*80
89 *86 89
*86
89
139*8 13934 4,425 Minn St P & S S Marie.. 132*2 Jan 2 149*. Jan
140 1407g 139*4 140 1387s 139*8 139*8 140
140*4 141
750 Do pref________
147 Apr 13 159 Jan
15012 15012 1503g 15078 149*4 149*4 *149*2 150*2 150 150 *149 151
427g 43*4 43*8 43*8 4234 43*8 38.500 Mo Kansas & Texas
42*8 44
36*2 Feb 23 447g Jan 22
427g 4314 42*2 43
73*4
73*4
74
74
7334
737
s
*73
73*4 1,000 Do pref________
71 Feb 23 75*4 Jan 21
74>2 7412 73*2 73*2
74*2 75*s 75
75*2 74*4 75*4 13,450 Missouri Pacific
65 Feb 24 77*4 J’nc 4
76>4 7034 75*2 767g 76*4 76
135 138 *135 138 *132 138 *130 138
400 j y ash Chatt & St Louis. 122I2 Jan 5 138 j ’ne s
*130 140
63*2
537
8
*63
54 *53
54
at Rys of Mex 1st pref 44i2 Apr 6 64*4 May 25
6334 *523( 54
300
*6312 64 *53
25*4 25*2 247g 25*8 2518 25*4 10.500 Do 2d pref___________
23ig Apr 17 20*3 May22
2434 2512 25*8 2534 253g 20
132 13234 62,735 N Y Central & Hudson. 120i2 Feb 24 135 J no 4
13178 133*2 13138 132*4 13178 133
133*4 134*8 13134 134
57 57*2 4,300 N Y Chic & St Louis___
5734 58*2 57 57 *55 68
48l2 Meh 15 59 J’ne 7
*5512 56*2 5634 69
Do 1st pref__________ 100 Feb 20 100 t'eb 20
*100 115 *101 110 *100 110 *100 110 *100 110 +100 111
89 *84
89
89 *84
76I4 Apr 6 87 Feb 4
200 Do 2d pref__________
89 *84
85 85 *84
*80 85
172*2 173 *17212 173*2 172*8 172*8 §173*2 173*2 1,110 N Y N H & Hartford___ 157*8 Feb 24 17312 J’ne 5
17234 173*2 172*2 173
53
543g
54
55*8
N
Y
Ontario
&
Western.
105,020
4214 Feb 24 55*8 J’ne 11
52*2
537s
52*2
53*4
53
643s
62*2 641o
9034 9U2 19,260 Norfolk & Western____
8414 Jan 6 9**8 Apr 22
90*4 91ig 90*2 92*4 90*3 91*2 90*2 907g 00*2 91
*85*2 88
86*2 86*2 *86*2 88
200 Do adjustment pref__
*86
S8
85*8 Meh 26 88 Jan 20
*86
88 +80 “
149*8 1513g 149*2 151*8 1497s 15138 149*8 151*4 15134 154*4 153*8 1543.1 178,140 Northern Pacific________ 13314 Feb 24 15434 J’ne H
99
*97 99 *97
97*2 97*2
305
acific Coast Co_______ 76 Meh 3 0934 Apr 1
*97 99
97*2 9712 *97*2 88
*98 105
Do 1st pref________ 100 Meh 30 100 MchJO
*98 105 +9§ 105 *98 105 *98 105 *98 105
100
Do 2d pref________
88 Meh 27 100 Mch3l
9934 9934 *94 100 *95 100 *95 100 *95 100
*94 100
13734 188i8 137 138*4 136*4 137*2 136*2 137W 13634 137*2 13612 137*8 65,215 Pennsylvania__________ 126ig Feb 33 1393s May 4
+90 93
*90 93
*90 93
200 Plttsb Cln Chic & St L .. 86*2 Jan 6 94 Feb 4
92*2 92*2 92 92
*90 93
Do p ref..
104 Feb 10 110 Meh 25
*110 120 *110 120 *110 120 *110 120 *110 120 *110 120
ead ing...
156*8 158*8 154*8 1567g 155*8 15634 156 15734 653.100
118 Feb 23 li934 May20
166 1673g 166*8 157
§91
91
89 Meh 22 93 Jan 6
91
91
1,420
1st pref
92
92
91*2
01*2
91
91
91
91
98*2 100
90 Feb 1 104*4 Mayl3
2d pref_______
§98*2 08*2
725
100 100 101 102 *100 103 *100 102
207g Feb 24 34*2 J’ne 8
33*2 142.100 Rock Island Company__
327g 33*4 33*4 343s 33*g 34*2 32*8 3334 33*4 3334 33
7134 70*8 71*s 21,130 Do pref_____________
70*4 717g
~ 70*4 7034 71
57*8 Feb 24 72*8 May 13
72
70*2 71*2 71
69*2 *67
69 *67
69
100 t L & San Fr, 1st pref. 65*4 Meh 29 71 Apr 26
*68*8 69*2 68*8 68*8 ♦67*8 69*2 *68
36 Feb 23 4714 Mayl3
Do 2d pref_________
45*4 7,800
46*2 457g 45 46*8 45*2 45*8 44*8 45*2 46*8 45*s 44
261- 4,410 St Louis Southwestern.. 20*2 Feb 26 28*2 J’ne 2
26*2 27*4 26*2 26*8 263g 26*2 +2638 26*s 26
27*2 28
47*2 Jan 6 71*2 J’ne 2
70*2 6778 683j 68 68*g 68*g 68*2 68*4 68*2 11,730 Do pref_____________
70*2 703, 68
13034 132*4 577,675 Southern Pacific Co____ il4*g Feb 24 135 J’ne 8
130*4 132*s 130*2 132
1307g 131*4 12934 1317g 130*8 135
132*s 1343g 13234 133*4 13234 134*: 42,640 Do pref_____________ 118*4 Feb 24 137 J’ne 8
13212 133*8 132 133*4 132 137
31*8 317g 31*8 31*8 43,900 Southern v tr cfs stmpd. 22 Feb 24 32*8 J’ne 5
32*8 317S 3212 31*2 32
3138 32*4 32
60 Jan 5 71*2 J’ne 7
do
70*f 6934 703g 69*2 70
70
69*4 69*2 5,625 Do pref
'
70*2 70*4 70*g 71*2
3434 36*4 34*8 347S 24,160 ' Texas & Paciflo.
30 Feb 24 3734 Feb 6
3578 36*8 35*2 36*4 34*4 35*4 34*2 35
297s 30
29*4 253.1 27*2 18,315 1 hird Avenue (N Y )__
25*4 Meh 31 42*2 Jan 18
28*4 29*2, 27
293.( 30*s 29*2 30
93.4 934
83i 9
10
7 Mayl2 15*8 Jan 2
*9*4 10*4
700 Toledo Railways & Light
*9
10*2 *9*4 10*2 10
513., 613,. 1,000 Toledo St L & Western.. 43 Feb 26 54;*4 Apr 19
52
52
52
52*4. 52
52*2 52*2 52
62
*51
G434 Feb 24 74*4 Jan 4
6078 697g 09*2 69*2 69*8 6912 69*4 69*2 69*2 69*8 69*2 C9*f 2,300 Do pref_____________
106 106 *105*2 106 *10534 106
376 Twin City Rapid Transit 97 Jan 2 107 Feb 16
106*4 106*3 *105 106
§100 106
nion Pacific_________ 172i2 Feb 24 195 J’ne 10
100*4 193*8 193*8 195 193 1941.; 547.620
191*4 192*2 189*8 191*2 18034 192
Do pref.................. z94 Meh 1 98*. May 6
6,360
97*4 07*4 97*2 *97*4 97*2 973S 97*2 9734 98
*96*4 97*4 97
100 Unit Rys inv’t of San Fr 30 Feb 25 39 Apr 29
40
38*2 38*» *37*2 39*2 +38 39*2
*38
67
*5.5 57*2 *56
“
5014 Feb 26 69 Apr 29
56 66
600 Do pref___________ _
50
56
56
56
abash........................
16 Feb 23 22*j J’ne 7
2134 21*g 22*4 213g 221g 2 II4 21*2 21*2 217S 213i 217c 14,454
21
Do pref................
41 Feb 23 55 7gJ’ne 11
6312 64
5378 653j 53*3 55*8 53*4 6412 54*4 65*8 6412 557f 88,002
10*8 203g 19*2 20*•> 19*8 20 66,550 Western Maryland--------- 18*2 May26 2t3g May 7
19 20
21
2012 213.1 19
107g * 10*2 11*2 10
10 *10
812 Feb 6 127g Jan 4
780 Wheeling & Lake E rie...
11
* 10>2 1H2 11*8 11*8 107S 24
24 *22
*23
25
+22
20 Feb 2i 2578 Jan b
200 Do 1st pref__________
25
23 *23
24
23
24
123g 13
lOlfl Feb 26 15*8 Jan 3
1212 12l2 *12
500 Do 2d p ref._________
13
*1212 13*« *12*2 13*2 12*2 12*2 +58*8
597g 68
61
68l2 58
4,200 Wisconsin Central______ 357g Jan 6 037g Apr 20
58
58*2 68*2 58
69
*58
90*i P0-"
1,600 Do pref Trust Co ctfs 86*4 Meh 31 91*8 MavlO
90*2 91*4 +90*4 91 *90*4 91
91
9012 90*g 91

H

I

K
I

P

R

S

U

W

Highest
66 Feb
833s Feb
69*2 Meh
76*2 Feb
80 Jan
37*4 Feb
140 Feb
6‘4 Mel
160 Feb
25l2 Feb
10 Feb
07 Meh
3*r Feb
331* Met.
15*2 Feb
6 Feb
103*2 Jan
138 Jan
135*2 Jan
§185 Jan
114 Feb
140*2 Jan
6g Apr
4 Apr
47*2 J’ne
85*8 Feb
21 Feb
50*8 Jan
3934 Feb
141*2 Feb
420 Jan
14*4 Feb
39*4 Meh
32*. Apr
6 Feb
11*4 Feb
12 Meh
243g Meh
16 Mel,
113*4 Feb
48*2 Jan
8 Jan
20 Mel
§70 Jan
62 Feb
69 Meh
1221. Feb
(J34 Jan
17*8 Feb
10 Feb
27*2 Feb
67 Aug
18 Feb
46 Feb
12 Jan
34 May
30 Feb
87*4 Feb
120 Jan
15 Feb
20 Meb
61 Feb
79*4 Jan
123*2 Feb
17i2 Meh
46 Feb
28*2 Feb
97*4 Jau

101*4 Deo
104 Dec
HU. Dec
ll*s Dec
90 Dec
6934 Dec
180*8 Nov
68 Nov
229 Dec
69*8 Dec
687g Dec
79 Dec
145g NoV
68*4 Aug
c'i Dec
17*8 Nov
152*2 Dec
1643.1 Dec
18512 Dec
224 Dec
160 Dec
174 Dec
7*s Dec
18 Dec
70*2 Dec
697; Dec
69 Dec
79 Dec
76 Dec
1813g!Dec
I7b iNov
401. Dec
83*4 Dec
56 Nov
18*4 Nov
3334 Nov
3b NOV
51*8 Dec
41 Dec
148*4 Dec
75*8 Nov
17*2 Dec
40 Dec
84 Dec
)04l2Dec
93 Dec
149*4 .NOV
20 Dec
49i2 Dec
3212 Deo
67 Dec
75*2 Deo
423g Dec
72ig Dec
26 Dec
68 Dec
66*8 Dec
126*4 Dec
154*4 Dec
4412 Dec
56*2 Dec
90 Dec
135 Nov
161*2 Dec
43*. Dec
75l2 Dec
67*2 Deo
122 Nov

90*8 Jan
24*2 Jan
90 Jan
60 Feb
1283g Jail
29is Feb
68 Feb
74 Meh
1167gJan
65 Sep
90 May
79 Meh
108*4 Jan
69 Jan
81*t Meh
92*8 Feb
78 Jan
76 Jan
10*2 Feb
2034 Feb
42 J’ne
19*4 Feb
10 Meh
2412 Feb
66*4 Feb
106»s Jan
9*8 Jan
251. Meb
1234 Feb
16*2 Meh
6 I2 Oct
12 Feb
33 Feb
78*4 Feb
110*2 Meh
79*4 Apr
15 Jan
27*. Jan
6*4 Meh
13 Meh
6 Meh
412 Meh
12*8 Apr
6 Feb
13i2 Feb

Dec
67*2 Dec
105 Nov
85 Deo
161 Nov
477g Dec
86*4 Nov
88 Dec
157*4 Nov
93*. Jan
90 May
97 Jan
132*4 Deo
88*2 Dec
108*4 Nov
143U Dec
92 Dec
99 Deo
25*4 Dec
62*g Dec
69 Dec
4214 Deo
24 Dec
6578 Dec
122i2 Dec
126I2 May
27*4 Deo
63i2 Dec
37*4 Deo
47 Aug
16*2 Deo
60 Deo
73*2 Deo
96*8 Deo
1847s Nov
98 Nov
40 Dec
5912 Dec
20% Dec
6234 Dec
24 Deo
13 Dec
26*4 Dec
1534 Nov
38*4 Dec
126

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bid ASk
Banks
Ask
BUI
Bank-;
Banks
CtulseaEx 1 190 200 F ift h ____ . 300 350
422!
.
430
Chemlcal
.
.
825
First______ 800
New Yor'c
Citizens’ Ctl 155 ' 159 14th StH . . 155 180
Aetna ___ 175
America 11- 575 585 ‘ City.. . . . . . t343 f350 Fourth___ 218 222
2171.
Gallatin — 340 360
Amcr Exch. 252*2 257*2 Coat & Iron
Colonial U- •0300
270 285
IIII Garfield . .
BatteiyPif 130
Columbia 11- 375 425*’ Germ Am ' 140
Bowery 1! . . 375
Commerce . 1183
BronxBorol 300
. . . . Gcrm’n Ex’ 450
..."
Bryant Pk 1 155 160' Copper . . . . 245
550
. . . . Germania '
150 Corn Ex 11-- 335
265 280
Butch & Dr 140
Greenwich
5’40
Century 11.. 170 176 East River 125 136 Hanover
....
Fidelity D-. l 6o 176 Imp & '11
635 bib'
Chase . . — <25
....
Chatham .
80S 1 Fifth Ave*1 4000
—
t Bid and asked prleee: no «alos were made on this uiy. 4. .jP&TiKUi/S. 9
• Sale at Stack Exchange or at auction th'3 week. ;s First VhstaUmedt paid,
Bid

Ask




Banks
Irving N Ex
Jefferson D
Liberty----Lincoln . . .
Uanhattaul
Mark’ lAFui
vtcchnoicr.
Mercantile _
Merch Exch
Merchants’ .
Metropolis 1
Metropol’nlr

Bid
187*2
180
530
420
335
2571*
1252
180
160
160
375
187*2

Ask
Banks
192*2 Mt MorrisU.
. . . . Mutual 11...
660 Nassau 11...
435 New Neth’d
345 NewYorkCo
262l2 New York .
___ N’ bt &Day1
195 Northern . .
170 Pacific 11— .
164 Park..........
People’s H-.
195’ Phenix-----

buciia
auaics. h owjw uauivo. <
n Sold at private sale at this prlp*

Bid.
260
290
205

Ask
Banks
. . . . Plaza If____
310 Prod Exch 1
___ Reserve.. . .
200
210 Seaboard . .
750
___ Second___
335 345 Sherman . .
220
250 State I]___
1107*2 r108*8 23d Ward H
230 240 Union Exc .
7407
. . . . A’ash fl’to J
280 296 vVest Side i
186 Vorkvllle U
175

Bia
610
165
142
350
375
135
240
100

Ask

625
176
145
375

....

__ _

260
....

187*2 196 1
265
__
__ _
600
....
425
---- —

iMeW York StOCK Jiecora—Conciuded-*Page %

1484
7

STOCKSSaturday
June 5

Monday
June 7

'IEST AND LOWEST SALE TRICES
Tuesday
June 8

W ednesday
June 9

Thursday
June 10

Friday
June 11

SaDs ol
the
Week
Shares

STOCKS

lio

N

P

Bank*
Brooklyn

HUl

Ask

Banks
Brooklyn
North Side 1i ___
IVopl :’s----- 165
Prosp'ctPkl 150
LYrmlnal 11 ___
Union 11___ (100

90 105
W50
410
Brooklyn 1,_
145
First ______ 2-15 ’ 260
130
Illlls'.del___ no
H o m e B k 1;. 165
120
100 125
llo r n e s t e a d l
Trust Co’ s
410
M a n u t a e ’rs
.V Y City
M e c h a n ic s ’ll 235
250" A \tor____ 315
140 145
M o n ta u k . .
B a n k e r s ' T r 675
270
N a s s a u ------- 240
B’ way T r .. 140
B o r o u g h II.
B roadw ay 1

N nr P i t y ___

290

AND

Ask

TRUST

GOMPANIRS— S A N K E R S ’

/UA

Trust Co's Bid.
N YCUy
160 Carnegie . . 185 195
___ Central Tr. 62050 2i 25
__
100 Columbia . . 250
ID
Commercial 145 118
. . . . Com’wealth ___ 155
___
Empire __ 240
___
Eqult'ble Tr 475
___
Farm Lo&T 1300
. . . . Fidelity . . . 201 210
___
700
Fifth Av Tr 400
145
___
Fulton___ 270

Highest

1 1 tg l ie s ;

A

Rid

Range 1or Previous
Year (1908)

Range, since Jan. 1 1909
Or boasts 10 a-shnre lots.

N E W Y O R K STOCK
EXCHANGE

I n d u s tria l«%M i s c e lla n e o u s
>205
d a m s E x p r e s s -------------*210
*205
>210
____
*205
*205
15*-> *15
U ls - C h a lm e r s __________
15
15%
15% 15%
151# 10
2,201)
15*4 153#
15** 15*2
5 M4 52*4
52*# 52*2
51'g 517#
‘t, 150
D o p r o f _____________
503# 521,j
52%
52
52
857# 87*4
8-1Ts 857#
85% 803#
88
85% 8638 134,930 A m a lg a m a t e d C o p p e r —
863# 881#
433, 44*4
43% 43%
43% 44%
43% 4 4* a
6,160 A m c r A g r ic u lt u r a l C h c m .
43*# 45
43% 4334
104
103*2 TOO
*100
104% *100
1041a
D o p r e i _____. ___________
*99*4 99*2 *99*2 100*2 -9 9
413,
38*4
37% 3,3
38
38
41% 4:}i<> si)’, 7 00 A m e r ic a n l i c e t S u g a r ------38
38*2 39
90*2 90* a *901a 97
1,250
90*2 96%
90% 07%
D o p r e f _________________
06
97
95*4
94
125# 127#
12*2 13
12% 1273 13.150 A m e r ic a n C a n -------------------12% 13
12*# 13*13*4 133.,
83*4 84
83% 84
11,575
833, 84
833.1 841#
83*2 83%
D o p r e f ___________
837# 843,
57%
50
57
50% 57
50
50*a 13,950 A m e r ic a n C a r & F o u n d r y
50%
58
57
571# 57%
1103# 110% 117*4 117% 117*4 117*4 117
1,602
117
D o p r e f _________________
1103, 117
117
117
7034 717#
74
71
701. 713,
73*2 74*4
7414 703# 69,600 A m e r ic a n C o t t o n O il------70%
*100
*100
105
106
103
103
400
*101
103
105
D o p r e f -------------------------*100
103
103
*220
230
228
*223
*223
230
A m e r ic a n E x p r e s s ---------->223 230
:*L'20 230
230
*220
s
*8
8 ?#
8%
81#
-8
8*4
8 % • 2 .6 0 0 A m e r ic a n I ik l e & L e a t h e r
8*4
8*4
*6
42
42
42
2,000
41% 42
42
423,
D o p r e f _________________
42‘8
42*3 43
423, 4234
33
38%
38
387#
38
39*a 15,040 A m e r ic a n fe e S e c u r i t i e s . .
38*2 393#
30*3 39
36** 37*8
18*a
17
17
18%
18*4 187#
17
17*#
18*2 19*4 17,120 A m e r ic a n L i n s e e d ---------171# 173#
42% *43
4-P.; 443,
443, 40*a 19,650
43*,
D o p r e f -----------------------41*1 41% * 1 2
42
42
01
0 1 *i 02
0 1%
00*2 0 1 %
Ol% 62*'
003, Ol*., 14,700 A m e r ic a n L o c o m o t i v e —
601* 613,
117
117
1103, 116% 1107# 117
1177# 1177#
1,210
11/
D o p r e f ___________
11634 117
*110
9'#
2.900 A m e r ic a n M a lt C o r p ------9*2 10*4
9-^3
9 '->4
10*2 103,
i>78
9% 10
lUJ, 1 1
u
55
60
50*4
50*> 56%
50
563)
3,224
5 7^4
D o p r e f ___________
57J#
*881
a
89
80
so
88 *a 881a
* 88*2
333 A m c r S m e lt e r s S e c p r e f H
§89
* 88*2 89
* 8 8 ** 89
94*2 957#
95% 90*i
96*4 97*“> 95\j 97*#
76,245 A m e r S m o lt !n g & R e d o in g
95*4 90
957o 973#
0,160
1 1 1 .1#
113*4 1133, 112 *2 1137# 1 1 2 % 113*4 1113, H23# 1123., 113*., • rill
D o p r e f _________________
____
____
* 2 bU
*260
*205
*250
*2 0 0
...
A m e r ic a n S n u f f -----------------*10 0
105
*10 1
105
105
105
§105
*10 2
*100
105
104
D o p r o f _________________
104
48% -TJ1#
4.3*1 483,
47*4 47*4
46
49*2
3,995 A m t * S t e e l F o u n d ( n e w ) .
46*.| 47*,
40
49
:H32l| 133
131*1 132% 132
133
1321* 133
132
1327,
7.000 A m e r ic a n S u g a r R e fin in g
1:5212 133
1241a 1251a
1,570
*1263. 127*4 *1203, 137*4 *1 2 0 1 a 127*4 125*4 12 0 % 124*2 120
D o p r e f _________________
1397# 140*2 140',.’ 142*4 1403, 1 1 1 % 1103, 141,% 141% 142% 142*, 1427# 54,272 A m e r ic a n T c l e p h A T c l e g
1 0 2 '# 103
103
103
1023; 1027#
103% 1 0 2 % 102*2 103
2,837 A m e r ic a n T o b a c (n e w ) ,p f
103
103
37
30
36% *36
36*2 37*2
37
303,
3.900 A m e r ic a n W o o l e n -------------30*4 31.3,
3/
3,340
10 7 *a
193% 107*4 1063, 10034 10 0 % 106's 10 0 % 107*4 107
100*2 107
D o p r e f -------------------------503# 51*4
493,i 501 a
61
517#
501# 503,
10.000 cl A n a c o n d a C o p p e r T a rt 25
51*4
111*4
1113, 1 1 1 % *11112 113
1 1 1 % *109
S37 A s s o c M e r ch 1 st p r e f ------109
109*2 110 *8 110*4 d l l )
____
_
_
___
*109
*
iu
j
m
u
*109
*109
..
*108
D o 2 d p r e f ---------------------37#
3*#
3%
33,
3%
*3 1 ••
3*.i
33;
700 d l la t o p l la s M in in g P a r $ 2 0
33,
33;
33,
30
30% 52
29*2 30*,|
,8,210 l i e t h l e h e m S t e e l.................
31
?9% 30%
30*4 3034
333#
32
0
2
*a
:<
___
02
02
6312 0312
02%
1.000 I > D o p r e f ______________
02*2
* -----021 a
02*2 64*2
111)
140 *139
110
2,000 B r o o k ly n U n io n Ga.§------138*2 13.8% +139
139*.; 141
139*2 1397# *139
20
19
183'; 193# 20,017 B r u n s w ic k D o c k & C I m p
19%
18
18
18*2
181# 187#
173, 187#
34
34% *33
§34% 34*4 *33% 34*4 *33
34
005 B u tte r lclc C o ---------------------333#
34*4
33
301# 30*4
29-% 30*#
29,'# 301#
301# 31
30
301., 12,518 C e n t r a l L e a t h e r -------------29'*s 301.1
D o p r e f ______________
1,400 v y
105*2 1047# 105% 21033, 1033, 103/3 io:i7s
104*2 11)43, 1043, 1043, 105
431, 44*4
453, 443#
43% 44*.; 43,210 C o lo r a d o F u el A I r o n ------43*2 45
43% 44%
42*8 43%
64
03*4 637#
07*4
63*#
03># 037#
04
00
14.150 Col A H o c k C o a l A I r o n .
63*2 033,
l l P a 143% 145
18,400 C o n s o lid a t e d G a s (N Y ) 1137# 143
143*4 143
143*2 143
143*2 1443, 143
2434 25%
2-47# 25% 45.883 C o m P r o d u c t s R e f i n i n g . .
2612 25 ‘a
24*4 253#
2 P s 25
25*2 2573
91
913,
91% 92
D o p r e f _________________
92
93
90% 91%
0,529
92** 03
92*4 9 3
*55
01
01
C r e x C a r n e t ________________
01
*55
*55
01
*54
*55
61
00
*55
3934 40
40
-10*4
3H% 40
397# 40
40%
39% 39*2 ' 0.080 D is tille rs S e c u r it ie s C o r p
88 % 88 % *83
90
100 F e d e r a l M in in g A S m c l t ’g
90
*SD
90
*S0
90
*80
90
*85
oU
89%
89
89
1.230
D o p r e f _________________
9U
90
90
8 8 "s
91*2 91*2
91*2
F ederal Sugar R ef o f N Y
D o p r e f _________________
159%
160%
166% 1 6 3 % 13,000 G en era l E l e c t r i c __________
If>j% 161% 160* 1*01 * 159% 1*0*0** 159% 1*59%
10 /
1 102
103 * 1 0 2
100 G r a n b y C o n s M S A P ___
10 s
*10 2
107
100*2 100*2 * 1 0 1
107
*104
833, .85*2
841, 85
4,512 5 n t H a r v e s t e r s t k t r c t fs
84
81%
813; 85
851*
84*2 85*?
1217#
122
122
*1213 4 122
D o p ref stk tr c t f s —
1,825 '
12 2
1213, 122
122*4 1 2 2 % 1 2 2 % 12 2
1,687 I n t M e r M a rin e s t k t r c t fs
73;
7%
778
734
V78
<•’8
8
73 1
S*4
’<%
*S
24
241;
5.700
D o p r e f _________________
24*4 24^s
246, 24%
213, 25*8
2 -1*2 24'#
25*8
l(J3o
16
15'# 16*2
15*2 10*4 15,840 in t e r n a t io n a l P a p e r --------1.534 10-3,
113, 1534
15
63% 03'#
0 -1*4 64*4
D o p r e f _________________
5,090
03
03* °
64
63
65*2 041.1
03
03
41
42
41%
40
40
40
41% 421, 13,450 I n t e r n a t S t e a m P u m p —
40*., 40%
41
41*8
<
N
/
88
87%
D o p r e f _________________
2 ,050
88% 88%
87
8 l I4 873#
8 ; % 88*8
87*2 8 .*2
8134 82
SI
31
2.300 M a c k a y C o m p a n i e s .
*89
81
82*4 82*2
81*2 Slh>
82
751# 75*8 *72
D o p r e f ____________
751«
950
71*4 7434 *711* 75*2 §75% 751#
743a 743#
a t io n a l B i s c u i t -----------100*2 105-3# 100
1003# 1 0 6 .3.
1,900
100
103*2 100*2 * 1 0 0
1053, 10534 10,1
D o p r e f .............
>123*4 124
*123*4 126
-123*4 12 0
*123*4 120
*1223. 120
*123*4 12 0
17*a
17% 173,
17-%
17% 17% IS". 040 N a t E n a m e l’ g A S t a m p ’g
17% 13%
17
18*4
157# 16*2
»o;)
280*4 891., *80
D o p r e f -----------------------90
95
91
*90*2 93
500
SJ
88*4
87-3# 3.3*1
S73, 88 % *80% 803. 13.850 N a t io n a l L e a d -----------------87% .873,
8 /3 , 88
87** 88*2
109* a + 1 0 !
109*2 * 1 0 0
D o p r e f . . .................—
1091# 1081a 108*2 >107
109
500
109
109 ' 109
2
2
2
2
2
2
13,350 N e w h o u s e M A S . P a r $10
17#
2
its
2*8
2*2
90
89* a * 88 % 90
*ss
*83
89
90
90
1.700 N e w Y o r k A ir B r a k e —
St>3# S9%
89
121
124
123
12 1
j 124
123*2 123% 123
124
124
425 N Y A N J T e l e p h o n e . .
124
*12 2
327# 83*2
83% 843,
S3
8 -1%
>23, 8 1*2
837# 85% 21,075 N o r t h A m e r ic a n C o , n ew
82*# 827#
1.300
29*4 29%
a c if ic M a ll______________
29*2 293,
29*4 297# *29% 30
29*4 29 <#
*29*t 30
115*2 115
115
110
115
e o p i e ’ s G L A C (C h ic)
1157# 115*4 1183, 12,250
115
115*# 1153# 1 1 1 %
12 % *11
12
13
12*2
1 2 T' * 11*2
12%
1.850 P it t s b u r g h C o a l C o --------13
13
1 2 1 * 12*2
51
50
60
*48
50
*47
0,00 D o p r e f _________________
*4S
50
49*4 49*J
48*2 48*2
44
443#
4 Pa
433, 44
5,225 P re ss e d S te e l C a r -----------44
433, 44
44% 441,1
44%
44
104
§10 1
104% *103*2 104*104% >1 0 1 % lO P o 104
S38 D o p r e f ________________
104*4 104
104
189
607 P u llm a n C o m p a n y ______
18934 189-3,
1893, 189-% 187*4 187*., *187
*187*2 1 S012 *187*2 ____
6%
1.700 Q u ic k s ilv e r M in in g ______
7U
0*2
0*8
0
0
*0*4
6*2
0-%
6*4
71S
+0
8
1 100 D o p r e f _________________
(Us
6%
73,
9
73|
7%
7%
71#
7*8
1.G00 I > a llw a y S t e e l S p r in g —
40
40
*45*4 40
45
45*.
401* 40*2
40
40*2
45*4 40
D o p r e f . . ........... ........
109
*105
107*4 *105
107%
107*4 *105
*107
107*4 *165
*10512 109
32% 337#
34*;
32
327#
32
3 ‘2
323# 24,225 R e p u b l ic I r o n A S t e e l—
32%
33
32*2
D o p r e f _________________
100-% 107
1003, 1057# 11.850
100*4 107
10434 1053, 1053, 108*2 100*8 107
843)
6 ,750 ^ l o s s - S h e f f l o l d S te e l A Ir
87*2 87*2 *83
S4
84%
83*2 84
*82*2 83*2
84
85*2
400 8 * D o p r e f _______________
117
110 * 2 110*2
*110
117
117
41
4l*o 4Ua
3.800 d T e n n e s s e c C o p p e r P a r $ 2 5
41%
41*a 413,
41*2 -1134
41*2 41%
41*2 413,
200 T e x a s P a c ifi c L a u d T r u s t
89*
0
92
89*2
*
8
8
%
90*4
*
88*2
89*2
*
88*2
*
88*2
89*2
*891* 90*4
2,720 I I n lo n B a g A P a p e r .
14% 14r>#
1*3# 15
14% 15
1 13.1 15
14% 14-3#
143# 14*2
D o p r e f . . ...........
700 vJ
707# 707# *75
77
76% 76%
77
77
77
77
771# 77*#
2,680 U n it e d D r y G o o d s p f c t f s
1103. llU a 1 1 1
111*4 1 1 1 *., 1 1 U4 1 1 1 % 1 1 1 % 1113# 111*2 1 ) 1*4 1 1 1 *,
8.300 U S C a s t I P ip e A F o u n d r
313, 3434
34% 34%
84% 34% * :u io 35*2
35
35*2
34*2 35*2
D o p r e f __________
5,000
8038
8-5
8 Pa 84% *84
847# 85
85*4
85
84
81
84*2
U n it e d S t a t e s E x p r e s s . .
90
*85
*85
90
*85
*85
90
90
90
*85
90
*85
S3
83*., 84
83% 83%
83*2
83
8312 " i ’.OOO U S R e a lt y A I m p r o v e m ’ t
82*2 83
83*s 83%
200 U S R e d u c t i o n A R c f l n ’g
12
12
*10
*10
13*2 * 1 1
13
12
12
12
*12
13**
D o p r e f ________________
*31% 33
*31% 33
*31
*31
33
33
33
*31
33
*31
8,250 U n ite d S t a te s R u b b e r —
417#
41
41
40% 407#
41
41%
41*2
42
403, 42
41
D o 1 st p r e f ______
8.800
1107# 117% 1107# 118
1173, 118
1173, 113
116** 1103# 116*2 118
D o 2 d p r e f ...........
1,950
*83
84
84*2 *83
84
84
83
83
821*
82
81
82
001,8 07% 2003, 073,
08*.,
66*>3 67'V 570,729 U n it e d S t a te s S t e e l --------07
68*4
09
07
D o p r e f ________________
48.16,8
124%
1?5%
125
125%
124%
125
1213,
125%
1247#
120*2
1253# 127
52% 53
5.300 rfU ta h C o p p e r ___ Tar 5 1 0
61% 521#
52% 52%
51% 52*2
523; 53
44,400 V ir g ln ia -C a r o lln a C h e m . .
50'g 62-1#
51% 52%
51
5212 54
51
51
513., 52**
D o p r e f __________
200
123
> 12 1
*120
123
*120*4 123
123
120*4 120*4 * 1 2 0
12 1 ' 121
V irg in ia Iro n C o a l A C o k e
* 0 1 *a 00
00
+04
*04
07
00
*04
00
C7
\ \ f ells F a r g o A C o --------350
*315
350 *315
*315
350
350
*315
350
350
*315
*315
12,044 ’ 7 e s te r n U n io n T c l e g . 75
70 (4
74
70%
70
70
77
70
741* 75
74*2 7 7 1 #
84% S5
843, 80
S434 803# 19,820 V V estlog h ’ s o E I A M fg a ssen
80
85
85
803,
841, 87
D o 1st n r e f _________
400
124% + 1 2 1
123
1231o * 1 2 1
*12 1
12 0
1
*12 1
123
123
12 2

HANKS

[V O L . L X X X V I I I .

I rust Co's
Guar’ty Tr.
Guardian Tr
H udson__
ti nickerb’kr
Law T I &Tr
Lincoln Tr.
Manhattan
Mercantile
Metropol’ tn
Morton Tr.
Mutual___
Mut All'no.

But
090
158
170
320
t?57
105
3,0
725
560
600
120
120

Ask
725
105
__
330
__
170
300
750
__
__
127
130

190 J a n 20 §19934 M a y
123, F e b 24
JO1" M a y l.
525 # M a y 17
38 F e b 24
) 8 I3 J ’ 110 5
05 F e ll 20
33% J a n 5
45 J ’ n o 7
99
M ay28
95% J a n 18
431# J ’n e l l
20'4 J a n 13
971# J ’ n e 11
82 J a n 7
I4i# M a y 21
71? F e b 23
86
J ’ne 4
71)2 I’ c b 23
44L F e b 24
58*2 J ’ n e 4
107*2 F e b 23 117*2 j ’nu 9
70 s J ’ n e l l
421 # J a n
5
98 J a n 7 100*4 M a y 11
M a y lS
§205 F e b 5 §230
0*4 F e b 25
8*2 J ’ n o '
34 F e b 24
4312 J ’ ne
187# J a n 8
42*4 A p r 1
19*4 J ’ n e l
12 F e b 27,
40U J ’ n e l
29 J a n 12
02*2 J ’ n e
49
F e b 23
109*4 F e b 24 1 1/7# J ’ n e 1
ll*-> J ’ ne
7 Jan 7
5 8 *-> J ’ ne
•2 J a n 7
897# M a y 20
HI J a n 4
9 7*2 J ’ n e 7
7734 F e b 24
101 Jr.u 2 114*2 J ’ n e 3
A p r 17
225
M c h 9 )255
95
M ill 1 105 M a y 2 2
51 J ’ nu 3
347# F e b 24
Apr 8
1203# F e b 24 1 3 0
131 Apr 8
124*2 J ’ n e lO
125 F e b 1 1427# J’n ell
.'.lav 10
90% F e b 6 104
37*2 J ’ n e 7
20 " F e b 4
93? 1 J a n < 107*2 J ’ n e l l
M ay 8
; 3734 F e b 26 852
105 A p r 2 5 1 ls.i J ’ n e lO
lO ll# F e b 17 104*2 F e b 19
545 # A p r 2
$27# J a n 29
333# J ’ n o 5
1834 M c h 9
641# J ’ n e 5
47 F e b 24
118
J a n 28 141 “ J ’ n e 11
20 J ’ n o 9
13 J a n 1 ;
347 # M a y i7
237# J a n 2
33 J a n ■)
25*■» M c h 2
9934 A p r 5 105*2 J ’**o 8
45*2 J a n
7
29 F e b 23
07*4 J ’ n e lO
213# F e b 23
114*2 F e b 4 165*4 J a n 4
2 6 ** J ’ n e 2
1012 F e b 21
93,5 j ’ n e 1
73)4 F e b 24
(,1 ' M a y 2 5
45 J a n 5
41 *2 J a n 25
32i » F e b 2 :;
95*2 M a y J2
55 " M c h 2
93
M a y 10
; 0 F e b 24
§45 M c h 20 §4.> M c h 2 0
91*3 M a y l l
{90 J a n 25
150)# F e b 23 103*4 J ’ n e l l
91 M c h 12 1 1 0 ' J a n 4
80*3 J ’ n e 3
02 J a n 30
J ’no 3
109)4 J a n 10 123
.
Jan 2
7 F e b 25
275 # J a r
2
11
F e b 23
1634 J ’ n e 8
9)2 M ch 13
64*4 J ’ n e S
4734 M ch 18
4284 M a y l '
33% F e b 25
8 9 10 M a y 13
82% J a n 30
827# J ’ n e 5
7o J a n 21
75*# J 'l i c i t
09)2 J a n 9
90*2 J a n
:. 10 8 % J ..:i .0
120
M av 7
118% J a n a
, 8)4 J n e 8
125# F e i) 24
90 J ’ n o 7
82 J a n
.
90*4 A p r 19
7 1 % F e b 25
10234 A p r 21 111*2 M a y 27
817# A p r 29
SO J a n
92 J a n
.
8 ) F e b 23
>113 J a n 7 125 A p r 22
S53.| J ’n e l l
72 J a n 13
363, ,'nn 11
291# F e b 24
lO B-’ J a n 13 1181# A p r 12
13*2 M a y 24
1 > A p r 21
50
J ’n c 8
/()
F e b 25
4538 J ’ n e 2
•;0*2 F e b 23
M ay 8
* 90
F e b 20 105
109 J a n 30 191*2 M a y 21
55 # M a y l2
15# J a n
10
M a y *3
3
M c h 29
4 s 3| J a n 2
32*« M c h 8
10 8
J ’ne
977# F e b
34*4 J ’ n e .
) os# F e b 23
t7>8 F e b 24 108*2 J ’ n c 7
8 / 1 * J ’ n elO
OS F e b 23
117 “ J ’ n e "
1073 # F e b 20
$343# F e b 26 £49 J a n 4
02
M a y 10
8 0 I2 F e b 23
15 J 'n e 8
9 I4 F e b 24
77*4
M a y -2
f ,6 J a n
111)* J ’n e 9
1103# J ’ n e
35*2 J ’n e 5
243# F e b 24
8:>3# J ’ n e 7
70 M c h 2
82 F e b 10 §99 A p r 30
851* M a y l
F e b 23
64
10 M ch 12 133# J a n 7
33 J ’ n e 1
F eb 2
24
42*2 J ’ n e 4
F e b 24
27
98 Jar. 29 118 “ J ’ n c 7
85 J ’ n o
67*2. F o b 25
693# J ’ ne 3
% F e b 23
107 F e b 23 1283 # J 'n e 3
*53
M ay 7
83!)i# F o b 21
54 J ’ n o 1 i
407# F e b 24
114 J a n 19 121 J ’ n e 5
00 J ’ n e 3
57
F eb
M a y20
300 J a n 5 330
781* M a v i
F e b 24
J ’nc 5
87
F e b 24
123 J ’ n
110

Aug
D ec
D ec
N ov
N ov
N ov
Apr
D ec
N ov
N ov
44 Jan
D ec
2512 F e b
D eo
84*4 M ch
4434 N o v
243., F e b
97 N o v
§80 , m
17(1 F e b §224 M a y
8*2 D e c
23.1 Feb
3734 D e c
Til* M ch
317# A u g
121* Feb
0 Mch
171* D ec
17 Me l, 30*4 Flee
593# A u g
213# Feb
861* Jan 113 D e c
:
)«■•■'
85# S e p
5 1*8'S e p
§1 Jan
841# A u g
70 J a n
551* Feb 107 A u g
87% Feb 110?# A u g
200 A p r
180 A u g
80 Moll 97*2 S ep
41 N ovVS Sep
13734 A'ug
983., J a n
131 N o v
105 F e b
1323# N o v
PH J a n
97*2 J ’ ly
7212 J a n
823# D e c
151 ? F e b
97 N o v
7h% F eb
531- N o v
827'* F e b
104
5

Jan
M ch
M ch
45*8 F e b
13 J a n
78*2 Jan
y *2 F e b
65 J a n
4 F eb
14

7212 Jan
Jan
Apr
F eb
Jan
F eb
151* F e b
757)4 J a n
I5r># F e b
143., M ch
90 J a n
103# F e b
50 Jan
471* O c t
2714 F eb
72 1* N ov
59 “ F e b
55
J ’iy
78*2 F e b
111 J a n
7 8 I4 J a n
62 J ’tic
J ’ ne
ii O c t
pi F eb
3
Apt47
O ct
13 J a n
05 J a n
52
F eb

M)% Feb

os
102

Jan
J an
7*2 F e b
■70 F e b
30 F e b
87*r J a n
$43# O c t
50 J a n
90 F e b
42t# M ch
24 A p r
80 J a n

8I2 Mch

3 0 I2 F el)

17*4 F e b
t9 Jan
147 J a n
1* A p r
1*2 J a n
23:*4 F e b
76 J a n

1434 Feb

03 J ’ ne
:o
Jan
87*2 J a n
825*2 F eb

45

Feb

4 F eb
<47# J a n
17*2 F e b
60% Jati
70 F e b
80*4 F e b
4 Feb
16 F e b
173.1 F e b
70 F e b
42 F e b
2534 J a n

671* Jan

v2U
10

187
43
‘.250

Jan
F eb
Jan
Jan

Feb
41 Fel)
28 Mch

10?#
5234
88?#
35
1)0
247#
8134
10*4
767#
5034
109

$6 M en
27*4 N o v
57 N o v
162*4 N o v

Nov
Jan

Dec
Dec
Dec
27*2
167
21H2
80

D eo
D ec
Aug
Aug
43*4 O c t
■ 1534 D e o
94 A u g
89 N o v
0812 J no
100
J ’ly
16 2% D e c

10912 J’ly
073#
110*4
9
207#
13*4
to
397#

N ov
N ov
M ay
D ec
N ov
J an
D ec
5 4 14 D e o
78 N o v

7134 Nov
97 D e c
1211*2 D e c
15*4 D e c
28214 D e c

12 Aug

10014 N o v

897# j a n
98 N o v
122 N o v
7.8
N ov
40Q D e c
106% D e c
14‘># D e c
5J D e c
■ 15 D e c
192*4 D e c
174 N o v
134 D e c
31# D e c
49L D e c
103 D e c
29 N o v
69*2 NOV

81% Nov

l i u *4
$52*4
84*2
lh'„
06%

D ec
N ov
D ec
N ov
N ov

69'# D e c
78'<# A u g
i : Jan
61
N ov
15*4 A u g
8 I Aug
371* A u g

ms

Dec

75>* N o v
i '% N o v
1 1 -F># N o v
$52*, N o v

453, Dec

1 )5

N ov
68
N ov
325 N o v
713, N o v
94
N ov
195 Y n v

QUOTATIONS.
Bid
I ru st C o’ s
1100
N Y L lfe & T t
N Y T r u s t . 605
S t a n d a r d T i 325
T U lo G u d i T r 500
Tr C o o f A n ; 1371
U n io n T r u s t 12/5
U S M tg & T f 430
U n it S la t e s 1200
3 76
145
135

Ask
1120
575

-- -

510

-- .

1300
4 )0
1215
410
165
140

1 ru s t C o 's

Brookyln

BUI

B r o o k ly n T r 410
130
N clzen s’ - F la t b u s h . . . 200
F ra n k lin . . 200
H a m ilt o n . . 205
IDS
H o m e ______
480
K .n e s C o . .
1. Isl L & T r 31)9
155
N a s s a u ____
P e o p l e 's ___ 28.)
M)
A O il,sm s!) a

310

u B id a n d a s k e d p r ic e s: n o sa les o n th is d a y . § L e s s th a n 100 sh a re s , t E x -r ig h t s . t> N o w s t o c k , 0 E x - d l v . a n d r ig h t s . <1 N o w q u o t e d d o lla r s
s T r u s t c o . c e r t lilc a t e s . 11 B a n k s m a r k e d w it h a p a r a g r a p h (lu a r t S t a t s b a n k s .
1 S a le a '; S t o c k E x c h a n g e o r a t a u c t io n tills w e e k ,




5200

Ask
420
135

315
105

blew York Stock Exchange— Bond Record, Friday, Weekly and Yearly
Jan. 1 1 9 0 9 , the Exchange method of quoting bonds was changed, and prices are now all—“ and in terest"—except for income and defaulted bonds.

MON19S

Rrtce
hYUlav
June 11

N. Y . STOCK E X C H A N G E
W kkk Enijinh J une

11

l . S. t <o veriunen.
U S 2s consol registered.t/1930
U 3 2s consol coupon....<11930
U S 3s registered...........A.T918
IT S «s coupon................. ffil918
V &3s cou snnill boud«..A;1918
U S 4s registered...............1925
U 3 4s coupon................... 1925
U Si>an Can 10-30 yr 2s.A.T03U

Week’s

Ra nge or
Last Sale

bid
Ask
101Hi102 >1
1013, ..
1111 Hi 102 *4
102 102 H;
190 ..
1188, 119Q
121 ..
121
10 1
1 0 1 > 2 101

iu
j?

Range
bince
January 1

■V*C
W

kkk

E n d in o J

une

11

Rrice
hriiiav
June 11

Wee/c's
Range or
Last bale

i-s

Range
Since
January l

/l A’o
9 ...
9 ....
9 ....
9 ....
8 ....
9 ....
9 ....
9 ...

Low High Cent of Ga HH—(Con)
H if// Ati Low Hum
bin
ax * Lout
101 *2 102*6
3u pret income g 6s__ pl945l Oct *........ 7 2 ^ 06 May'O*
53
66
102*4 103
3d pret income g6s stamped..
* 70 ...... 70*2 J’ne’Oi ...
54
70*2
89ss Kcb’n.
103\ 1033»
Oliatt l*iv pur mon g 48.19511 J-I
Q-F
100», 102*6
Q-F
Alao As Nor Dlv let g 6s.1940 J-J 105*2...... 104*a J’neOl
Q-F
Mid Ga A> Atl Dlv 5 b__ 19477 j-J 105 1093, 115 Xov’Oi
q-f
Mobile Dlv ls t g 6s____19400 J-J 110*2...... 110*4 May’Ot ... 110*4 i i o u
119*4 U0*4
121 121
Q -F
Oou R R As B of Ga col g 5u 19377 M-N 104 *2 107 101*2 May'Ot .. 104 100
101 101*8 Cent ot N J geu’i gold 68.19877 .(-. 1273< 8aJo 1273, 127* 9s L27 129
Q-N
Registered................ A19877 Q-J l2?*V123 127*4 Jlay’O* . .. 126 12734
Poreisn Government
Am Dock As Imp gu 5s..1921! J .j <=110 ...... HO** J’ne’ Oi .... 109 lio * .
Imperial Japanese Govermn't
Le A; Hud R gen gu g 5s 1920J J-J 10 U*8......
2 52 901*8 94*2
Sterling loan 4 H2S......... 1925 F -A X 93*4 Sale 9 33 ,
Leh A) Wilks 11 Coal 5s.. 1912
lOO^...... 101
101
1 0934 101
4 89*4 94
2d series 4 Vs..............1925 J-J t 93*s Sale 9 3*s
94
Con ext guar 4*28 ___jl910
100 ...... 10038 J’no'Ot __ 99 ’e lOUHj
, 01 803, 88*.
Sterling loan 4 s ...........1931 J-J i .......... « 8 *4 88
*100 ......
N Y As LougBrgeug48 1941
. 1 1(H34 104*2 Lent Paoilio See So Pact 110 Co)
Ropuliof Cuba 5s exten debt.. 1 1 - 8 1 192*3 193H, 1 0 3 Q
71 1192*2 95
San Paulo(Brazil) 5s tr rccts’ 19 J -J 1i$94*4 8 aIt; 94 *4
8 8 H;j ’no’uO .... 80*4 893*
CentVeruiont 1st gu 94«.«19200 Q-37 88*2 91
4 97**, 101 *2 Clias <fe sav See Atl Coast Line
98*
U S o l Mexico s t g 5s ot 1899 Q-J
........ 98*3 9 8 *3
1013, ...... 101*2 J’no’OS __ 101*2 103*.
2
92*4 95
Gold 4s ot 1904..............1954 J - P
Cites As OhiogoldOs....... 41911
9
4
*
3
94
7s 94*3
is
asis
0/ $5 to £.
1st consol g 5s................ 19393 M-N ....... 115
115
115*4 12 I U °8 117
XT hese are jor Ices 0 n the b
State and City Securities
__
Registered............
1939
9 ....
110
Dist ot Columbia 3’05s__ 1924 F-A 1 0 3 * 3 .
Gen funding & impt os. 19288 J.J ib i >4 sale 101*4 10l34 91 101*4 103*4
i ....
95
.
Lioiilsiaiia new consol 4s..1914 J -J
21 104 ]Otjo„
General gold 4 *as........... 19922 M-S ........ 1043t 104*2 105
Registered................. 19922 M-S 103 .... 105 Apr Oil
Now York City—
105 105
6 727 100*2 100*6
Big Sandy 1st 4 s...........19411 J-D ....... 89*, 89 *e
13 89*2 01
4s when anil as issued. 1959 .VI. N 190 fe Sale 100*3
90
Craig Valley l* tg 5s__ 1940I J.J 109 113 110 May’Oli __ 107*2 11034
un**, 102*2
4% Corporate stock ....1958 -M-N 191*4Sale 102*>8 Apr’lh
134 101*2 103
'" '
Potts Creek Br 1st 4 s..19401 J-J ........ 90*2 90 Jan ’OH __ 90
49u Corporate StocK__ 1958 II-N 1 0 1 7g 1 0 2 *»* 1 0 1
90
b ---R A; A Dlv l i t con g 4s.. 1989' J-J ........ 100
100 J’ne’oi1
4% assessment bonds ..1918 U N
99 H)100*2
b 101 11l *8 1 12 *2
2d consol g 4s.............. 1989> J-J * 90 ......
New 4*xs .......................1957 ■U-N 111*4 Sale
96Q Apr'OH
96Q 96*4
j .... 104 1044,
\\arm Spr Val 1st g 6s..1941 VI- 8 1o7s8 ........ 113*4 l*'eb'05
New 4HiS.......................1917 M-N 104*8......
30 111*2 112*2
Greenbrier lty lstgu g 4s ’40) M-N ........ 95H
4*a% Corporate Stock ..1957 iVl-N I l l * , Sale
) .... 104 104*2 Chic A1 Alt Hit ref g 3s...1949' AO ........ 78*4 78*2 May'09
4 \% assessmt bonds
19 L7 ftrt-N
78
HO
r< 101 103*,
Railvray 1st lieu 3 *s«... 1950 J-J ........ 70
4% Corporate Stock
1957 M-N i o i ” sale
75*8
76*4 88 73*3 77
.... U234 11234
Registered................... 1950) J-J
N \ State—Highway 4s.. 1958 M -S 1 1 2 * 3 ........
73 Eeb’O
73
73
.V. 102*4 102Q Hue Burl As Q—Denv D 4« 1922 F-A 9 a ’4 ...... 100*4 ivlav’Ot
So Carolina 4 2 0 - 4 0 ...... 1933 J -J 101 ..........
lOo 10034
9 5 3 4 ..........
General 4s...................... 1958 M-S 9034 Saits 99*4 1 00 Q il9 99 3„ 101
Tean new settlement 3s.. 1913 J - J
95*2 9534
1 .... 91*2 93
91
94
Virginia fluid debt 2 -3 s . . . l 99 i J - J
Illinois I)iv3*ss............. 1949 J-J
Oi bait 9U3,
91 *4 29 U034 03
40 Sale 45
48
Os deferred Brown llros ctls.
Registered................... 1949 J -J 3 9U34 ...
37*4 48
9 13, Dec ’06
Ills Div 4 s ..................... 1949 J-J l o t *4 Sale 101*4 101*2 19 101*4 103*8
Railroad
106 *4 ......
Iowa Dlv sink fund 5s.. i 919
labama Cent ties So liy
Sinking fund 4»............1919 A-O 100 100 :*t 10134 May’Oj
99 V 10l34
labu Mull dec AC Coast Line
N ebrasku Extension 48.1927 M-N 100 *2 salb 100*2 lo o 3.
100 C/ 102*4
Albany <Ss Snso bee Hel Co Hue.
Registered................... 1927 M-N *luo ........ 101 *6 Mar’oy
101*8 lo l *8
Allegheny Valley bee Penn Rl<
Southwestern Dlv 4 s.... 1921 M-S 9J34 ...
100*4 Nlu> ’09
99 100*8
Alleg <fc West bee Bull It & 1
Joint bonds £«« Great North
Ann Arbor 1st g 4s........A1995 Q-J
.... 84
8 5 14 80*4
87*>,
Debenture 5s................. 1913 M-N 102 ...... 1023s 10234 34 102 1U3Q
Atoil T <fc S Ee—Gou g 4s. 1995 A-0 l o t s a ie 100**1
301 100 *8 101*2
liau ds St Jos consol 6s.. 1911 M-S 103Q...... 103*4 J’ne o'J
103*4 1033*
Registered..................... 1995 A-O 9 9 * 3 .......... 100*8 l o o * 10 99 100*6 hue As E 111ref <b imp g 4s 1955 J-J
8 b *3 bale 88 ‘2
>8 \
3 85
90
Adlustmont g 4 s......... /tl995 Nov 9 4
13 92
94*s 94*8
lstcou solg Os................1934 A-0 12934 131 137 May 09
95*2
129as 167
Registered............... A1995 Nov
.... 92*4 92*4
92*4
General consol lst6 s__ 1937 M-N 114*2 115 I I P , 114 >, 0 U4H< 11634
Stumped................... A.199 M-N 94
42
9 4 *2 94's
92*2 95*2
Registered................... 1937 M-N *114 ....... 111 May’09 __ 114 114*4
Com* g 4s....................... 1965 J -B 11534 Sale 113*3 n o 3, 2771 102*2 11 (!\
Ohio A) ilia O Ry 1st 58.1930 J-J 114 ........ 114 *a Jiuy’ oO
114 115
10-jrear conv g 6 » .........1617 J -D 110*4 sale U3*b 110 LIU IU534 llO ^ Chicago A>Kne bee Erie
Debentures 4s 8erlesH.191U F -A 100 ......
90 *3 .Vlai’ l .... .................
line In As Loulav ref Os...194 J .j 128*2 129 129 May’Oj
127
129
Senes 1 ....................... 4911 F -A
9(j34 .........
....
98*3 N o v ’ l
Refunding goldSs......... 194. J-J ........113*2 H2Hi Aiu/’OO
112*2 11478
Scries K ...................... 19 ] 3 F -A
9 8 * 3 .........
98*3 I ’ UO’ l
102
LouiavN A As Ch lstOs.1910 J-J 102 102 *, 102
98*2 93*2
102 102*4
East Okla Inv 1st g 4s.. 1928 M-S
97*3 9 8
97*8 May’! .... 97
90
lino Alii As St P term g 5s 1914 J.J 1U4*h........ 1043a May 09 .... 10458 105*4
Short Line 1st 4s g ........1958 J-J
95*6 S a l 6
79 94*2 90*4
95>b 95
General g 4s series A..<19»9 J-J 10**4 Sale 104*4 104*2 2 c 102*2 104=ft
All Knox <£s N bee L <fc N
Registered...............cl 989 Q-J *101 ....... 103 '2 Oct '08
/Atlantic Coast 1st g4s./el952 M-S 903, Salb 0 0 34
U634 32 04*4 97*>4
Generalg 3*33 aeries B.eiDSU J-J ........ WO*♦. 90 Hi 91
11 9UHl 92 a4
diaries & Sav 1st g 7s..1930 J -J 1 3 2 * 4 .........
1093, uj934
ChloAs L Su Dlv g 5s__ 1921 J-J 109 l i o lo9 •, May'09
1
27
..........
Sav E A W 1st gold Os.. 1934 A-0
....
Chic A; Mo lilv Dlv 5s... 1921s J-J 113*2 113*4 112*8 11236
1 1123a 113*8
let gold 5s................. 1934 A-0 112*3........
__ i'1'4 " i l T '
Chic As Pac Dlv Os......... 1910 J-J 1*11*4 ..
101*4 10i*4
101*4
101*8
A ll Mill 1st gu gold 6 s ..1928 M-N 109*4.......
.... l 10*8 110*8
no
Cliic As P W ls tg 6s...... 1921 J-J 10936 Uu n o
l 109 Hi 110*2
90 ......
Bruns A W 1st gu g 4s .. 1938 J -J
Dale As Gt So g 6s........... 1910 J-J loo lu luo v 106*8 Mai '05
90*4 Oil*,
105 Hi 100 7a
121
L & N coll g 4s.............01962 M-N 9 9 S a le 89*4
0 1 80
Ear As Sou asBii g Os...... 1924
90*4
97
.........
Sll Sp Oca <&G gu g4s ..1918 J - J
5 97
97*4
102 Hi May’09
Hast A; D Div 1st 7s...... 1910 J-J l0j.*4
97*4
102*2 10 2 a4
Atlantic <fc Duuv bee South Ry
1st 5s............................1911 J-J 100*2 101 lo l Mar’09
101 101
Austin & N W Sec Sou Paclllc
109*2 Nov 08
i-aCrosuoAs D 1st 6s__ 191: J-J 108*2 .
94
10
u
3
4
.......
alt <fc Ohio prior 1g 3 Vs. 1925 J - J
30
94*s 94
101
*
S
i
^iuy’O
'J
94*,
101 *« 101a4
Mineral PointDiv5«__ 191o J-J
93
94*2
93
93 1
... 92
Registered.............. A1925 Q -J
So Minn Div let Os........1910 J-J 101*6 ........ 101*4 I01 *4 IV 101*4 102
93
33 100*8 101\
Gold 4 s .........................E194S A - 0 100*4 Sale 100*4
10038 10034
soathwestDiv 1st Os___ 1909 J-J Io 0 *8 ....... 1003s May’09
lOb
'6
.......
99 :
Registered................ A1948 Q-J ........100*.
.... 99 100»4
111) May’09
Wis As Mlnu D lvgSs___ 1921 J-J
109-4 110
Pitts June 1st gold Os... 1922 J -J 10s ...... 120 <
iiil As No 1st A1 LOs....1910 J-D 101-*4 ...
101*4 lUl*b 1U IOI3, 1U178
89 ;
.... "88
P J un «fc M Div 1st g 3 *asl92£ M-N S«>3 89
S9Q
1st consol Os................ 1913 J-D H'7j4 Hale 10/34 IOI3,
1 107 °g 107 3,
171 93*4 »0
P L E & W Va Sysrof 4al941 M-N OJ*^ Sale 93*4
hloAsNortliw cons 7«___ 1916 Q-F 115 115*2 115 HiMay '09
1.16*2 116*2
91 sale 91
Bouthw Dlv 1st g 3 H2S... 1925 J -J
11 9034 91*e
li/ 2
Extension 4s........1880-1920 E-A 100*2 103 102
10 101 102
Registered................ A1925
91 j
.... 91
8 8 * 4 ........
91
Registered......... 1880-1920 E-A 100*2....... tuoHi lo o *2
9934 101
Mouou Rlv 1st gu g 5s..1919 n *104 ......
General golu 3*as...........1987 M-N Oi3. Sale a i34
9 l34 4:1 92-j 9434
Cou Ollio U 1st e g4His..l030 M-S 102*3...... 109 Apr’Oi
Registered...............pi 987 Q-F ........ 1*1
93*8 Apr’09
93*8
933a
Cl Lor <fc W con 1st g 6 a 1933 A-O 113 ...... L1334 May’!)'. .... 110*8 113*,
Sinking luild Os...1879-1929 A-O 112 ........ LllHjMay'08
Ohio River Uli 1st g 5s. 193(1 J -D 113 ...... .
113*2 113L
Registered......... 1879-1929 A-O 110*2 ....... 10934 Eob’09
1093, 10934
General gold 6 s............1937 A - 0 ........I l l
.... 108*8 11‘2
Sinking fund 5s... 1879-1929 A-O 108*2 109*4 LOSHi 11*8*2 2 108 109
Pitts Cley AsTol ls tg Os 1922 A-O 1 1 U \ ..........
Rogislored......... 1879-1929 A-O 106 30 ....... n o J4 Jnn’09
110a4 111)34
98*4...... . 08
Pitta A; West 1st g 4s... 1917 J - J
Debenture 5s................. 1909 il-N 1*10*2 10U3, LOOHi i OU*./ i 100*4 101
93
98
100 N o v ’ U4 ::::
Stat isl lty 1st gug4His 1943 J -D
Registered...................1909 M-N 100 E ........ 1oo38 May’09
i-OO*^ 100 ^
Beech Creek bee N Y C <fc 11
Debenture 5s................. 1921 A-0 108 109*4 109*4 May’09
108 109*4
BollavAsOar bee Illinois Gem
Registered................. .1921 A-O
103 J’Ub’07
Bklyn As Moutauk See Long 1
Sinking land dob 6s...... 1933 M-X 113 ....... 113 J’ne’09
i i i /eil3*2
Bruns As West bee Atl Coast L
Registered...................1933 M-N ........112*2 100 J’ly ’os
Buitalo N V As Erie bee Erie
North Illinois 1st 6s....1910 M-S 100*4........ 101 A(ir’09
101 l o l *e
Buitalo R As P gen g 5 s ...1937 M-S 1103s 11(}7 8 117 M a y '0 9
L19 *2 J’ne’09
MU L S As West 1st g Os 1921 M-S iis3 a n o
119 Hi 11934
110*2
11738
10934
...... 1 1 0 1
Consol 4 t js .................... 1957 M-N
.... 109 .110
Ext As imp s fund g 5s 1929 F-A 114 114*6 115 Jau'09
U3Hili5
.... 100 1U0
All As West ls t g 4s g u ..1998 A-0 100*8...... 1 00 J
Ashland Div 1st g Os..1920 M-S 122 ........ L42Hi Eeb’02
Cl As Mull 1st gu g 5s....1943 J-J H 5 * b ......... 1 03 J
L23*a Apr’09
Mich Div ls t g Os........1924 J-J 1 - ^ l4 1«
H a 3* i l 8 7 8 1133, n8»4 ~ 2 iiH3! iV o"
llooli As Pitts 1 st g Us...1921
incom es......................1911 M-N 100 103 *2 103Hi May’09
103*2 103*2
Consol 1st g Os...........1922 j ' - 3 131*8121*3
.... 11834 121 *2 t hlo Rock Isl As Pac Ob. ..1917 J-J 1133b....... 114*8 114*8 8 11334 XU h.
Buitalo As Southwest bee Erie
Registered...................1917 J-J 112*2 114 L12H. J’iy ’OS
8934 May’09
Bult As Bubq 1st ref g 4s.<11951 J-J ....... 80
87>a 90
General gold 4s.............. 1988 J-J 100*8 Salb 10034 101
22 99*6 io i *a
Bur O R As N bee C R I As P
Registered...................1988 J-J
99 100 H. lOo *8 Apr’09
993, you *8
an Bo let ext Os............1913 J-J 100*4 Sale 100*4 1003, 27 100*8 107
91 °6 sale 91 °8
Refunding g 4 s ............. 1934 A-0
92 .7; 90 °8 94
4 102 103
2d 6s............................. 1913 M-S 102 >3 Sul 0 lO J Q 1 0 2 3,
CoU trust SenesH 4s ..1910 M-N y'J ...... . 97 J’ly ’04
Registered................... 1913 M-S
lU 0 a4 M a y ’07
J 4s............................. 1912 M-N in .
97 J’no’09
97
97
Carb As Sliawu bee 111 Cent
M 4s............................. 1916 M-N 94°8........ 94Hi Mai’09
94*2 94*2
Carolina Cent See Scab Air L
N 4s............................. 1910 M-N 93*8....... 9334 Eeb’09
9334 93*4
Cartilage As Ad See N Y C As 11
O 4s..............................1917 M-N 93*8 90 Q 96 Eeb’09
95
95
Ceil U la E As N See BORA; N
P 4s............................. 191S M-N 92*4 96*8
Con Brancn Ry See Mo Pan
Chlo R 1 * l’ae RR 4s..2002 M-N 80 Hi Sale 80*4
81 J9t 73
Cent of Ga lilt 1st g 0a..pl045 E-A 115*,...... 1 1 0 * 3 E o b ’ 09
Registered.................. 2002 M N
115*2 116*2
Consol gold 5s................ 1945 M-N I l l Sale 111
1 1 1 ** 12 1083s 111 3t
Coll trustgold 5s........1913 M-S 93 Sale 93
03 *2 Lll 87*2 9*1*2
Registered................... 1045 M-N
113 Apr’00
Bur Ced li Ac Northern—.
1st prof income g 5s....pl945 Oet
81
5 79
81
........ . 81
82
Cou 1st * col tr g 6s...1934 A-0 113*2110*4 115 May’09
115 117
Stamped.............................
8 L J’ne’09 ....
81
........
80
81
Registered................ 1934 A-0
20*2 Mar’03
723, 11 03
2 u l>cet income g 6 s".".” p i 945 O ct
72
72
S a le
73
ClUEAsNW ls t g u 6s. 1921 AO 108 ........ .11 Nov’05
2d met income g 5s stamoed
70 May’09
00
73
M its St L 1st gu ir 7s..1927 J-D
7 1 * 3 ........
Q-J
t i-J

A

B

C

.II I S O K h h A M iO lJ .S

B O N D S —C o n tin u e d oil N e x t P a g e .

Street Railway
S tre e t R a ilw a y
n
Brooklyn llap Tr g 6 s...... 1946 A-O 107s* Sale 1073a 107-V
H o t S t R y g e n c o l t r g 5 s . 1997 F -A
1 0 2 *2 1 0 8
1st refund conv g 4s__ 2002 J-J
8 9 *1 452
87 *2 Salts 8 7 Hi
Ker g 4s......................... 2002 A - 0
81*2 89*2
BkCity 1st con 6s. 1910.1941 J-J 103Q 1U336 103 >4 M a y ’ 09
102*2 105
B w a y d i ; 7 t i i A v l s t c g 5 s i 9 4 3 J -D
Bk y Co Ac S con g u g 5s.l941 M-N 9 o
99*2 9 9 * 2 M a r ’ 09
99H, 99*-j
C ol Ac 9 th A V l s t g u g 6 8 .1 9 9 3 M -S
Bklyn U11 El 1st g 4-5s.l950 F-A 1033, 105 103*2 1 0 4 s, 2 1 10 0 *4 1 0 0
L e x A v A s P E 1 s t g u g 6 s 1 9 9 3 M-S
Stamped guar 4-5S....1960 F-A 103 *-,...... 103 M a y ’ 09
T h ir d A v e l i l t e o n g u 4 s 2 0 0 0 J -J
1 0 2 * 2 103
Kings Co El 1st g 4s___1949 E-A 87 >2...... 8 7 *8 M a y ’ 09
80
87*8
C e n t T r C o c e r t f s s t m p d . ..
Stamped guar 4 s ........1949 E-A 8 7 * 2 ........
88
J ’ n o '0 9
85
88
T h ir d A v e R y 1 s t g 5 s . . 1937 j '- J
Nassau Elec gu g 4 s ....1951 J-J
82 H, 83
82*2 J ’ n o '0 9
M o t W S E l (C h lo ) 1 s t a 4.-,. 193 - F-A
78*2 84
Ceun RyAs L is t As ref g 4 *38 ’51 J-J 101*8 102«, lO’J^a E e b ’ 09
1023s 1 0 2 3, N O r l l t y & L t g e n 4*28 ..1 9 3 5 J -J
Stamped guar 4 *3S ........ 1951 J-J 102*8...... l o l ’ s M a r ’ oy
S t J o s R y L t H A P 1 st g 6 s ‘ 3 1 M-N
1013 b 1 0 2
Den Con Tr Co 1st g 5s. ..1933 A-O
9 5 J ’n e ’ OO
s>t P u u l v h iy C a b c o u g 6 s . 1937 J -J
Det United 1st con g 4 *28.1933 J-J " 8 2 "*2 ’ hT
82*2
U n d e r g r o u n d o f L o u 5 s ...i 9 2 ( > M-N
82*a
i
81*2 85
Havana Elcc consol g 5s. 1952 F-A 91>» 94
92
4 Vis................................ 193.* J -J
89
92
25
Inter-Met coll 4His...........I960 A-0
78*4 Salb 73*4
1A\ ?9 c 7 0
I n c o m e O s............................. 1948
HD's
'Inter Raj> T 3-yr conv Os. 1911 M-N 103 *2 Sale 1033 b lO ll3, 57 103 1 0 4
U n io n E t (C h ic ) 1 s t g 6 s . . 1945 A t )
nternat Trac coll tr 4 s..1949 J-J > 73 ......
72
7 2*,
72*2 U n it e d R H s S a n E r s t 4 s . 1927 A-O
t 72
lamia lfileo 1st As coll 5s.1953 M-S
98
M a v ’ OU
....................... U n it e d R y s S t L l e t g 4 s . 1934 J -J
*No price E'ruuiy; latest tnis week. 1|Elat. aD uejan a Due Apr auue.siay p o u e -in o iibuo ., iy ssu u o .vu g

t




M a y ’ 09
.......... 8 6 *2 87
81*2 8 8
0 3 3a
57
58
67 *4 M a v ’ 0 9
66
1023a 104
103
104*4 M a y ’o 9
105*2
10 0
10 1
10 0
M a y ’09
10 0
1 02 Hi
1011*2
10 0 *2
1 0 0 * 2 Sale
2 lo o
1 0 2 Hl
.......... 7 3
05 Sj 71
7 o * 2 * iia y '0 9
u b 34 Sale
09
0J36 1*03 O o 1* 71*2
le 'J
112
LlO J ’ n c ( ) 4
j
109
116*2
83
8 6 *4 84*2
84 H
1
10 1
.......... 9 8 N o v ’Oh
____ _ . . . . . . 110*2 N ov*Q t
9 9 * 4 .......... 9 8 A p r ’ o'J
h i* ,
H.'s
85
b a le
43
37*4 3 8
3V
3 /H 2 1 0 1
81
O c t ’ uh
75\
7 0 \ 17
.......... 7 0
M a y ’ O!
So
85*2 8 0
ouao out

jib iie .v o v

8i5 Ss b*i Sa

? 0 Si
22

37*2

72
84 *4

79*8
H*>

* O p t io n

1 4 8 6

BONUS
N. T . STOCK EXCHANGE
W hich Ending J une l l

JSTeW York Bond Kecord— Continued— Page 2
Price
Friday
June I t

[V o l .

l x x x v iii

.

BONDS
P r ic e
W eek’s
Range
N. Y. STOCK EXCHANGE
F r id a y
R a n g e or
S in c e
W eek Endinu J une 11
J u n o 11
L a s t b a le
Jan uary 1
dm
A.eh Low
Sigh
Ohio Rock r di Pac—( Con)
Low
High
Erie
—7Con)
Rid
ask L o w
H ig h
Low Higtt
102 Aug’Ob
Choc Ok <&G gen g 5s .olO10 J-J 104
N Y Sns ds W 1st ref 5s.l937 J-J 10478 1(18 105*4 May 09
105 Vg 107 ‘ 4
-^Consol gold 5s............. 1962 M-K 110 I l l 's 111 Apr’O!
111 111
2d gold 4 *qs................. 1937 F-A
100*4 D ec’0,
105 Mar’Oi:
Keok <&lies At Ist6 s....l9 2 : A-O
103 105
General gold 5s...........1940 F-A 90
94
90 May’09
Ohio S tL & iY O Sea 111 Cent
terminal 1st gold Os...1943 iVI-E 114
114*3 P ee’Ot
Chic St P<& Pitts tfse PennCi
Regis $5,000 each...1043 ,VI-N
Ohio S t P M & t ) con 6s...1931' J-P 129 130 120’s 129V,
129*8 13076
Mid RRof N J lstgOo.1910 A-O
ib’i'bi May’09
101*3 102 *.j
93 P ec’03
Cons Os reduced to 3*2S.103<. J-D v 93 *3......
\Vllk<fe Ea lstg u g5s.l912 J-D 104
106
106*4
101 105*4
Cli St P A Minn IstgOs 191> Vl-N 129 >4...... 1293s May’09
i 29*4 i 2*9*6 Kvdi Ind 1st con gn g6s..l926 J-J 114
115 MayO.’
109*2 115 ,
Nor Wisconsin 1st Os...1930 J-J 128 ...... 120 Ba M&y’O
120*8 129*8 Erie <6 Pitts bee Ponu Co
115*4 117 1153, 51ay’09
U634 j j .j
S tP & S O ity ls tg tis . ..1011' A
J-J
114
Evans
i&
T
H
1st
cons
6s.1921
116
May’09
ll
3 8sT15' Chic,®; W e8tlndgeng0svl932 Q-Ji 111 ....... 112 3aApr’09
112 112
A-O
103*4
lstgoneral gold 6 s........1942
103 May’09
103 101*2
95', 05 »a 95 3)
Consol 50-year 4s...........1951 I. J
95\ 98
Mt Vornon 1st gold 6 s.. 1923 A-O 108
114 A p r'05
Clne<fc W Mien See Pere Marq
Hull Co Brancli 1st g 6s.1030 A-O 06*4
95
J’no’Oe
Choc O A Gulf bee C B I A P
P'argo cfc 3o bee Cli M di Bt P
99
113 Oot. >00
Cln H A D 2d gold 4*2S...1937 J-J
1- lint A Pero M bee Pero Mar
103 M ar’ 09
Cln I) <6 I 1st gu g 5s. ..1941 Vi-N 107
05
103
Fla
C
<
fc
Penin
bes
Sea
Air
Pine
0 Kind A Ft \V 1st gu 4s g.”23 M- N 80
Fort St U P Co 1st g 4*38.1941 J-J
106 Mar’98
86
70 Aug'Ob
Cinlife W is t gu ft 4 s.195:- J-J
Ft W A Pen O 1st g 6s....1921 J-D 116*3 .
115*4 J’ne’09
116*4 il7'*i
OB’S Jan M9
Ind Pec & W 1st g 5s...1985 J-J 105
06‘a 90*-. Ft W db Rio Gr 1st g 4s...1928 J-J
87P.
e7 **4May’09
85
88
107 *3 P ec ’02
IstguargoldSs...-.__ 1936 J-J
'ill Bar & S A See So Pac Cc
C I St P di C bee C O C db St L
, 100
3al H A II of 1882 1st 58.1913
99
A
pr’O
'J
99
0»
Oln S * U See C C O St li
Georgia A Ala See Sea A Pint
Clearheld A Mali See 11 R A I
G aC ar& N or A'ea Sea A Jam
Clev Cm C A Bt P gen g 4s 1993 J-f> 97 *2 98 S- 98 J ’ ne’ 09
97*4 9 8 7, Georgia Paoltto See So Ky
95 ......... 97 M ay’ Ou
Cairo Div 1st gold 4 s ....1031 J-J
US's 97
Gila V G A Nor See So Pac Ci
9 6 ',........ 94’s May ui)
Cln "VVib M Div 1st g 4s.1991 J-J
94
95
Gout * Oswegat See H YCem
St P Div 1st col tr g 4 s ..1990 M-N 9584 ........ 96^ May’O
95*s 973. Grand Itap<fc Ind tfesPenn Rl<
91 Oct ’07
.Registered...................1990 M-n
Gray’s Pt Term See St P S VV
Spr <&Col Piv 1 st g 4s.. 1940 M-S 96 ........ 92 Feb-Ob
98
97*8 Saio 97*3
Gt Nor—C B <fc y coll tr4s 1921
97*3 i)9*a
05 ........ 98 Sep ’06
W AVValD iv 1stg4a...l94( J-J
97 *3 J’no 09
Registered.A ................. 1*121
97*4 99
0 1 St JL& C consol Os..1920 M-N 106 *s------ 106 Apr'09
106 106
Greenbrier Ry See d ies di 0
986g ........ 98 ra 98’ ,
1st gold 4s..................A;193b Q-F
08*3 0 8 7g Gulf & HI let rof <£ t g 6 s 61962
95 Oct ’Oc95 100
98 ........ 97 Oot ’08
Registered............. fcl036 Q-F
an * St Jo See O B db Q
Cm Sdi Cl con 1st g 5s. .102b J-J 1093b 112 109 ’ g May’09
lob'*, i(J9*i
ousatonic
bee
N
Y
N
H
<
&
B
106
........
11434
Sep
’02
OQ Oda I consol7s........1914 J-U
104 109
tiock Val 1st cousol g 4 *33.1999 J-J 104*2 105*4 105*3 105*,
uousolsluktuud7s....l9l4 J-D
Registered......................1990 J-J
l()0 *a Sep *08
General consol gold Os.1934 J-J 128-j 1 20 ‘s i ’30 Nov’Oe
A-O
98*4
May’09
98*a
Col
A
11
V
1st
ext
g
4s..1948
98U "98\
Registered............... 1934 J-J
99*4 Feb’09
Col A Tol 1st ex 4 s ...... 1955 F-A
99*3
97
99*4
9 4 " J ’ iyvOa
lndBUfe W lstpret 48.1940 A-0 ‘ 97 ” ib T
Honst E <$1 W Tex bee Ho Pac
O Ind & W 1st pi 6s...i(193b <4-J
Uoust&ToxCen See So Pac Co
J’no’OU
Peo di East 1st con 4 s ...1941 A-O
J-J
104*a......
I llinois Central 1st g 4s..1951
104 Apr 05
10388 104 '
53
Incomo4s.....................199( Vpi
v Registered................... 1951 J-J 101 ...... l (’7 *8 Apr ’ 01
Clev A Marietta bee Penn ill,
1st ref 4 s .................
mo;, M-N 100 Balt too
100*4
99*8 ioi"*a
Clov * Pitts See Penn Co
J-J
93 7a Suio 03’ »
1st gold 3*33.............. ” !l961
80
94*a
83 Hi 8334 J’ne’09
937s 04*3
Col Midland 1st g 4s........194'. J - J
80
87 *s
Registered................... 1951 J-J ; 917s ......
91*4 Ang'08
98 Sul
9734
98
ColoradJ tfo Sou 1st g 4S...192! F-A
97*4 99
A-O
Extended
1
st
g
3*33
.......
1951
93
'2
MayT
091, Sale 90’s
93*3 94*4
90 b
Refund di ext 4*28 ........1936 Vl-N
06*4 l o o * .
M-S
1st gold 3s sterling........1951
70 <ic-.i ’04
Colmn A Greenv bee So Ry
Coll Trust gold 4s......... 1952, A-O 100 ‘s 102*3 L02 May’09
100*4 102
Col di R ock Val bee Hook Va,
Registered................... 1952 A-O
99
99
99
99 '
C oldiTol bee Hock Val
M-N
iu o «i:::
P N O db Tex gold 4s ...1053
100'a 10U’
90 101ffH
Col Uonn cfe Term bee N <5>W
Registered................... 1053 M-N
97 May’y
Conn di Pas Kivs 1st g 4*.1941 **•<>
J
-D
.
lOO*,
Cairo
Bridge
gold
4
s_
_
1960
100 Apr ’ 09
99*3 100
97*3
95 Jan *09
Cuba lilt 1st 6U-yr 5 *....1952 J-J
95
96
. 89
I<ouisvDiv«ftTerm g3*3s.l‘J63 J-J
00*2 J’uo’Oi
00
92'
ale & Gt So bee C M da St 1
Middle P lvregS s......... 1921 F-A 106
123 Muy’9
alias da Waco bee 51 K <fe ’1
F-A
79*2
Omaha
Piv
1st
g
3s.......1961
79 A pr’09
79
79
Dol Rack A Western—
J-J
79
St Pouls Dlvdbterm g3s.l051
79*4 Deo’Ufc
Morrisdb E ssex Ist7s...l014 VI-N 11334 1U>4 11378May’09
77
113*8 114*8
Registered................... 1951 J-J
1st consol guar 7s....... 1916 J-D 116 *3 116*, 116 *3J’ne’09
116-3 117*8
Gold 3*33.................... 1961 J-J
90*3 Deo ’08
Registered................ 1916 J-P l l O ^ ....... 127 J’ne’06
It 101*8
Oct *9
Registered................1951 J - J
94
063* 96 Mai’09
1st ref gu g 3*23..........2000 J-D
93*8 9q
89 *3___ 100 Nov’Ob
Spring Div 1st g 3 *38...1951 J-J
ST Y Pack ddW 1st Os... 1921 J-J 119 >3 1193, 119*8 119\
F-A
119*8
121
........101
100*4 May’09
Western Lines 1st g 4s..1961
100*8 100*4
.Construction 5s......... 1923 F-A 110^11034 1107, May'09
112 ll-3g
121 F eb’Ou
Boiler db Car 1st 6s...... 1923 J-D 119 ...
!21 121
’Term A lm prove4s....l923 .Vl-N 100 ’s 102 10034 May’09
99*8 iU078
97 ......
Curb A Sliair 1st g 4s ...1932 M-S
98 Mar’09
98
98
94 ........ 102 Feb’03
Wari’en 1st ref gu g 3 *28.2000 F-A
J-D
119 "2 120 119*8 May’Ou
Chic St P A N O g 5s...1951
118*4
110 *a
Del & Hud 1st Pa Piv 78.1911 .il-S 120*8........ 120’aMay’09
12*0*8 m '
Registered.................. 1051 J-D 117 ...... 119 Feb'Oh
‘ 19 119
149 Aug’Ol
Registered................... 1917 M-S
J-D 90
02
90
Fob’09
1951
Gold
3
*
3
fl......................
00
90
1st cfcret 4 s .....................1943 M-N 102 p Sale 102*4 102 7t
101 103
93*2 .... 100 Mar’Os
Mempli Div 1st g 4s...1961 J-D
10-yrconv deb 4s..........191b J-P 105 106 104*3 10514
100 107®8
St P Sou 1st gu g 4s__ 1931 M-a
98 J’ly'Ofc
1st Pen equip g 4 Hjs __ 1922 J - j lOS’s ...... . 103*3 103 *s
103 103 >3 ind B1 di West See COCA- St J,
105’4
Alb A Hus conv 3 ‘as...... 1940 A-O 105 106 105
97 107
98
08*o 98 M ay’ O!
Ind III A la 1st g 4e........1950 J-J
98
Runs Ji Saratoga 1st 7s. 1021 .V1-F4 127 ....... 129 Nov'Ofc
Int «& Groat Nor Is- g 6s..1919 M-N ........112 “ 111*2 May ’09
112
Del Riv RK Bridge bee Pa Uit
2d gold 5s........................1909 M-3 103 *, Sa)o 103
103
103**
97*3
9734
Denv <fc R G rist con g 4s.1030 J-J
97*a......
M-S
00
9S*s
47*2 48*3 48
3d gold 4s........................1921
48
50
104
Consol gold 4*23.............1931 J-J 103 ...... 104
103 106
Iowa Central 1st gold 6s..1938 J-l) 109*8 loo >3 109 J ’ no’ ()9
I0 b7g 1 1 1 *4
103
improvement gold 5s... 192b J-l 102 >s 103 103
101*4 103*3
Gold Is........................... 1951 M-S ........ 70*3 79 *4 79
lb**
82
93 *3 Sale 93*3
94*4
1st & refunding Os........1955 F-A
92*8 95*8
/ id A dh G it See P S di M 8
98 Feb’Ots
Rfo Gr J uno 1st gu g os.1939 J -D 108*3......
Van A Atich see Tol db O C
78 ....... 80 Apr’02
Rio gr So 1st gold 4s__ 194t J-J
80
8u
KCFtSdkM bee S t P di S F
85 Mar’Ob
Guaranteed................. 194< J-J
K C dh M K di B bee St Pdb S F
96*3
96a4
RioGr West 1stg 4 s .... 1939 J-J
96*3
100* Kan O A Pacific See M 14 & '1
85*3 ilay’Uu
Jlgeandcoltrust 4SA.1949 A-O
87
74*2 Sale
14au
City Sou 1 st gold 3s.’.195b
74 '3
75
72*4 75*4
97
Jan’O
Utah Cent lstg u g 4 s al911 A-O
Registered..................... 196b
63 Oct ’ 01
Des Mbi di Ft P bee 51 de St i
Kentucky Cent bee P di N
Des Mol Un Ry 1st g os..1917 M-N 105
110 Sop '04
Keok cfc Des Mo See C R IdbP
93
95
93 J’no’Oi.
Del db Mack 1st lien g 4s.1996 J-P
Knoxville A Ohio See So Ry
88
90
Gold 4s............................1996 J-P
88 Apr'09
ake Erie db W 1st g 5s.. 193” J-J 114*2115 114*2 J’no’09
12*8114*3
Detroit Southern—
l-J 2d gold 6 a.................... 194. J-J 107 ......... 107 J’ne'ot
107 loo»a
83 \ 81 May’OO
Ohio Sou Piv 1st g 4s...1941 .VI-S SI
82
North
Ohio 1st gu g 6s..l04u A-O ........114*4 113*4 Apr’Oi
12*3 114*4
113
11 3 P 113
Dnldb Iron Range IstS s..1037 A-O
116
Sho A Midi S See N Y Cent
106’a Mar’ot
Registered...................... 1937 A-O
Leh Val N Y 1st gu g 4 Vjs.lOlu J-J 107*4 108 108*4 May’09
106*2 105*4
2d (is...............................191b J-J
J-J ........... 108 108 uci, ’ o.-Registered......................
1940
Dul Short Pino bea Nor Pac
Lehigh Val (Pa) cons g 4s.2003 vi-N 97-'a 97*3 97*2 May 01
7 " *98*'
U0*a Feb’09
Pail So Shore & AU g 6s..1937 J-J I l l ’s.
110*3 110*3 Len V Ter Ry 1st gu g 63.1941 A-O 115*2 118 117 May-0 !
116*4 118*4
|7*ast of Mlun See StPMdb 51
109 ’2 Oct ’9!
Registered...................... 1941 A-O
Xjaat Ten Va & Ga See So Kj
107*2 J’ly ’o;
Leh V Coal Co 1st gu g 6a.1933 J-J 109*
115
116
Elgin Jol <6 East 1st g os.194) .Vl-N 115
112*4116
96*2
96*i
Leh di N Y 1st guar g 4s..1940 M-E 90*
96
97 •
Elm Cort db No See DeliA N V
Registered...................... 1945 M
99 *s May’08
Erie latest gold 4s........... 1941 Vl-N 10034 ......
102*3
..
A-O
1137
g
Jan
*06
El
C
<
fc
N
1st
pf
6
a
......
1914
2d ext gold 6s..................1919 -Vl-S 106 *»...... 100*8 J’ne’09
106*3 106*8
105*4 Jan ’Ob
Gold guar 6s................ 1914 A-O 101*4 ..
3d ext gold4*2S...............1023 Vl-S 103 ...... 101‘s Apr’09
104*8 104*3 Leh Ji Hud R bee Cent of N J
4til ext gold 6h................ 1929 A-O 106*3 ..... 106*4 May’09
106
106*4
Leh
A
Wilkesb
bee
Cent
of
N
J
973a......
97 Jan'09
5th ext gold 4s................ 192t J-P
97
97
Leroy di Cauey Val bee Mo 1
1st consol gold 7s........... 1929 .U-S 124*4 Sale 124*4 124*4
122*8 124 7, lioug Dock bee Erie
1 ^
1st cousol g tund 7s.......1921. M-S 121*3122*, 1 2 2
122 122
Long
Island—
00*4
90 3,
90‘s 91
Erie 1st con g 4s prior..1999 J -J
86
91
1st con g us................../il931 H
1U '2 112\ t i l Jan’Oi
10 111
Registered................... 1991 J-J ........ b9’4 86 *-, May’uO
86*3 b6*3
07*4........
lstoousol
gold 4n......../il931 y-J
78*3
Sale
78*4 79
1st consol gen lien g 4s..1999 J -J
69*3 80
P
07*4 9.,
General
gold
4s..............
193b
97 May’oi
00** *0*7**j
Registered..-................199C J-J ........ 78*-, 85 '3 B’eb ’01
*...........105
s
Berry gold 4*33...............1922
100 *3 Apr'o.
0 0 *2 l 0 0 *a
89
Penn coll tr g 4s........... 1951 F-A 89 Saio 80
75*4 89-4
Gold 4s............................ 1932 J-D ........ 97
99*4 out ’(Jt
87
SB’s Sale 86*8
60-year conv 4s A ........19631 A-O
63
87
Uuilled gold 4 s .............. 1948 hl-S ....... 98
90's
9/
70 b,
OB'* *97**
76 Sait 75*4
do
Series B...1952 A-O
57*3 76*s
J-D
lO&^i.......
Debenture gold 5s......... 1034
to 1*3 Deo ’08
BullN Y A Erie 1st 7s..191b J-P 110 ...... 1 1 6 M ar’ li9
115 115
Guar ref gold 4s............. 1049 .VI-s
U7*u 99
97*3
07*..
97*4 99 *9
Ohio A Erie 1st gold 5s..1982 .V1-N 110 ...... ll7*s 117*»
115*8 117*8
.V
I8 103 .........
Btlyn
di
Mont
1st
g
6
s..B
ill
Clev db Mahon Val g 6s.1931- J-J 110 ...... 121 D ec’Otx 1st. 6s..................
1911 M- s 101 ......... l o i° 8 P e o ’ o.’ J’no’ob
Pong Pock consol g 6s.. 1936 A-O 127 .......
26 128 *3
N k U«b M B lstcon g5s 1935 A-O
L10*4Rov’Ob
SoalcSi lilt 1st cur gu 6s. 1922 M-N I l l ’s ......
> J’no’09
12*3 120
M-3 100
N
Y
A
R
B
1st
g
5s......
1927
105 Apr’O.
. Pock A Imp 1st cur 6s. .1913 J-J
1 A pr’09
106 110
Nor Sh B 1st con gguSs 01932 y-J
100 Nov’Oi
i Mar’ 091
N Y db Green P gu g 5s. 1949 >V1 N
08 I 08
oniaiana A Ark 1st g 5s. 19 ' M-S 97 *2 sale 97 >3 97 V
97 *3 99
.in-SCEld^A^l-nuj.*. Uo a ll» —<;«nrm iluu oil Next Pugo.
G un mill E lcctrio Light
G un and Elocti-ic Light
Atlanta G P Co ls t g 6s...1041 J-D 101*4........
N Y G E P H A P g 6s...1948 J-D 103 Sale 102*3 103*4
Bklyu U Gas 1st con g 5s. 1046 iVI-K 108 dale
100*2 103*2
198
Purchase money g 4s. ..1949 F-A 84
85
85
lluttalo Gas 1st g 5s.........1047 A-O 73*4 75
85 14
83 *, 86
73
74
60
6
Ed El 111 1st conv g 6s..1919 M-S 10*1*2 loll*, 100*2 lOO
Detroit City Gas g 6s....... 102b J
101*2 1(12*4 101*2 J’ne'00
100*2 1007a
100*2
1st
consol
gold
5s.......1996
111
J-J
I ll
Pet Gas Co con 1st g 6s...l01fc r
100 102
110
111
95*8 Sep ’ Os
NYcfcQ El LdfcP 1st con g 6s 1930 F-A 97*2........ 9S*a May’05
Eq G P N Y 1st con g 6s..1032 ,'A-b .............
97
98*3
96 Mar’ Oc
..... . N Y * Rich Gas 1st g 6s.1921 ,-d-N ........100
100 Deo’o.Gasdi Else Berg C oc g o s .1045 J-l) ........... .
61*3 Got *01
Fat
*
Pus
U
A
E
con
g
Os.
1940
M-S
104*4 Nioir’06
Gen Electric (leb g 3*2S..194-.' F-A * 81 ........ 81 May’O!)
80
Peo Gas dk C 1st con g 6s. 1943 A-O i ‘io*3 i:ii*4 120*3 120 v,
. 10-yrgdeb5s.................1917 J-P 147 *a Rale 140*2 147*3 64 136
119 121
Refunding gold 5s.........1947 M-S 108 103*2 103*4 J’ uo’Ob
147*2
Gr Rap G Xi Co 1st g 6s...1016 F-A ........100
102*8 103*1
107*4 P eo ’ 00
..... .
Oh G-L<& Cke lstgu g 5s 1937 J-J 103*4 104 10* d’no'o.
iHutlson Co Gas 1st g 5s..1949 M-N 105*4........ 102 J’ly ’08
103 104*2
IudNat Gasdfc Oil 30-yr 5s *36 M-N 94 Sait. 94
04
2
b
Kan Citr (Mo) Gas lstg 5s 1922 A-O 100 ....... LOO May’09
804, *J4'-o
lUli 100
(Jon
G
Coot
Cli
ls
tg
u
g
6
s
.’3b
J
-D
102
>
g
103
102 >lay’oi
Kings Co El L A P g 6s... 1031 A-O
101*8 103
Mu Fuel Gas 1st gu g os. 1947 M-N 101 ....... 101 Aov’Oi
Purchase money 6s........j.001 A-O 117 118 i 18 May’lib
110 i is
Syracuse
Lighting
1st
g
6s.’61
J-D
99*2
Saio
99'a
09
s
Ed El 11 Bkn 1st con g 4s 1931 J -J
99*u 99*2
88 Sep ’ Ob
88
89
Trenton G A El 1st a 6s..1949 M-h
HO May’O;,
X-ac Gas Pot St P 1st g 5s.«1915 <1-* ........104*6 1.04 J’neO’j
Union Elco P & P Istg3s.l932
o ’ * ibo"*-. 90 Jan ’Ob
Ref and ext 1st g 5s...... 1934 A-O li/O 1 00 *-. IOO J’no’05
loo 1(11 *4 Utica ElLdSsP 1stsfgO s. 1950 M S io
102
........
Milwaukee Gas P 1st 4s.. 1927 M-N 02 Sale 92
92
b 92
92P Westchester Light’ « r- 6s. 105b J -D 103*4....... ioa ‘3 Mnr’o
102 *•V02‘3
price jriuayj latest out gnu I^geu.»is
a DU* ,*n
.i n
.,pr «u uo au / a oao „-iy « Due'Aug'j i“ m ~ ct ? n U 0jt.0 SUDtlOU Jlun
Week's
Range or
Last Sale

Range
Since
January

H

D




::::::

111 112

J - J

J u n e 12 1 9 0 9 . i
BONDS
N. Y. STOCK EXCHANGE
W eek Ending jijne 11

New York Bond Eecord "^Continued— Page 3
Price
fYlday
June 11

Week’s
Icange or
Last Sale

Bid
Ash Low
Ulan
Lontsv <%Nashv gen g 6s. 1030
110 110*, 1164 1164
Gold 5s.................... .....1037
116
117 May’09
"Unified gold 4a__ _____ 1940
101
1004 Sale 100
Registered...................1940
100 AIay’09
102 ... . 105 J’ue’08
Sink fund gold 6s...........1910
Coll trust gold 6s...........1931
May’09
111)
1 1 0 4 ..
..
E H <fc Nash 1st g 6s....1919
111
.Tan ’09
1 1 1 4 ..
..
107% .... 1073s AIay’09
I iO ln * Lex g o ld 4 4 s...1931
NO& A1 1st gold 6s.... 1930
1253^ 1204 125 %AIay'09
119 .
N O <4>At 2d gold 6s...... 1930
120 Jan’00
Pensacola Div gold6s...1920
1074 Aug’00
St L Div 1st gold 6s...... 1921
1144
117 May’07
71
2d gold 3s.................... 1980
75
71 May’09
At! Knox A Cln dlv 4s.. 1955
96
6 6 4 96
Atl Knox <fc Nor 1st g 5s 1941
110 116 J’ly ’00
Hender lldge 1stsfg 6 s. 1931
110 Jan ’09
98 *984 97% J’noOO
Kentucky Cent gold 4s.. 1987
104%
103 Deo’08
L&N A AI& Al 1st g 4 4s 1945
90 Rale 90
60%
L& N-Ronth A1 Joint 48.1952
1124 U2 1 144 May’09
N Fla <fe S 1st gu g 5s. ..193"
N«fe C Bdge gon gu g 4 4s 194
105 4 1064
109 4 Mhv’09
108\
Pens <fe Atl 1st gu g 6s..1921
114 114% 115 4 Fob'09
S <&N Ala con gu g 5s.. 1936
95 4 May’09
L <fe Jelf Edge Co gu g 4s..1946
L N A & C li See C I A L
nlion Coal See L 8 * At S
90 3„ J’ne’Oli
694 100
anhattan Ryconsol4s.l990 A
104 Apr’05
Registered............... 1990 A-O
Stmpd tax exempt.. 1990 A-0 100‘s Sale 1004 1004 I
McK’ pt & B V See N V Cent
83 Atay’09
Mex Cent cons g 4s trust rects
284 May'll!
1st cons ino g 3s trust rects
25 4 Apr’ 06
2d cons ino g 3s trust rects..
90% J’ly ’0)
Alox Internat 1st con g 4s. 1977 M-S
80 Fel)’08
Stamped guaranteed— 1977 M-S
100*4 May’ 09
Mex North 1st gold 6s— 1910 J -D
Midi Cent See N V Cent
Mid ot N J See Erie
Mil L S A W See Chic A N \V
MU & North See Oh Al A St P
133 4 Fob ’09
Minn <Ss 8t 1, 1st gold 7s..1927 J-D 1 3 2 4 ­
113 Jan ’07
PaciliO Ex 1st gold 6s...1921 A-0 108 4 .
1014 May’09
South West Ex la tg 78.1910 J-D
1st conaot gold 5s........... 1934 M-N 109 41094 109 4 n o
85%
80
1st and refund gold 4s.. 1949 M-8 ........ 86
90 ....
97 Apr’06
Boa Al & Ft D 1st gn 4s...’36 J-J
Alinn <&St L gn See B O it <&N
693,
9 9 4 903* 663,
M StP <fe S 8 Al con g 4 lilt gu’ 38 J-J
99 AIar’09
MSSM<S> A lstg 4 1 n tg u 1926 J-J
Minn Un See St P M &AI
100*.
Mo Kan & Tex 1st g 4s. ..1990 J-D 1 0 0 4 Sale 100
2d gold 4s......................ffiOOO F-A 8 7 4 88
874
884
1st oxt gold 5s................1944 M-N ........107 4 107 4 Alay’09
86
1st & refund 4s.............. 2004 M-S 864 Rale 86
90
3„
91
904 Ran.
Gen s £ 4 4 s................. 1936 J
St L Div 1st ref g 4s__ 2001 A-0 ....... 88 4 88 A pr’09
Dal & Wa 1st gu g 5s...1940 M-N 107 4 109 4 109 4 Alar’09
93 A pr’09
Kan C <&Pao 1st g 4s...1990
A
114
Mo 1C & E 1st gu g 5s...1942 A-0 114 114 4 14
M K <&Ok 1st gu os...... 1942 M-N 109 110 4 111 J’no’09
1083,
107 4 107 4
Al K <S>Tot T 1st gugSs.1942 M-S
Slier Sh * So 1st gu g 5s. 1943 J-D ........1104 110 4 Apr’U9
T e x * Okla 1stg u g o s... 1943 M-S 108 109 109 Alay’09
MoPacilic 1st con gds ...1920 Al-N 113 4 Rale 134 1134
Truatgold 5s stamped.nl017 M-S 1014 1013, 102 May’OO
1044 Fee’07
Registered................«1917 M-S
1st coll gold5s................1920 A 1 0 2 4 ...... 103 May’09
83
40-year gold loan 4s...... 1945 M-S 82 Rale 82
3d 7s exttl at 4%.............1938 M-N 95 4 ...... 96 4 J’no'09
Cent Br Ry 1st gu g 48.1919 I5-A ........ 944 93 Alay’09
89 Mar’99
Con Branch U P 1st g 4s. 1948 D
L10 Mnr’05
J
Leroy A C V A L 1st g 5s 1926
too3* lo o 3,
Pae It of AIo 1st ex g 4s. 1038 F-A 1U0:*8 13 AIay’09
2d extended gold os...1938 J-J
111
StLXr AlifeSgencoug6sl931 A-0 1114 Sal6 11
Gon con stamp gtd gus 1031
O 111 111% 104 May’OO
87
89 4 89 4
Unilieddfc ref gold 4s.. 1029 J-J
89 4
00*4
Rlv <fc G Dlv 1st g 4s..1933 M-N 90 Sale 90
107 4 Apr’00
Verdi V I 6b W 1st g 5s. 1026 M-S
98 Doc’06
Mob J A K 0 1st cons g os. 1953 J-J
Mob A Ohio new gold 6s..1927 J-D 122 4 Sale 22 4 122 4
1st extension gold 0s../il027 O-J 117 1184 118 AIay’09
91 Alay'oO
Genorai gold 4s..............1938 M-S
MontgomDlv 1st g 5s..1947 F-A 1*12 4 113* 1123, May’09
75 Alay’08
St L & Cairo coll g 4s..el*J30 Q-F ........ 86
96 ...... 101 Nov’04
Guaranteed g 4s......... 1931
Al & O coll 4s See Southern
Mohawk A Mal SeeN VC6b 11
Alonongahela Rlv See B 6b O
Alont Cent See St P Al 6b Al
Morgan’ s La 6b T See S P Co
Morris A Essex See Del L A W
111 1113l 110% n o*,
ash Chat 6b St L 1st7s.1913
113 4 1133* 1134 1134
1st consol gold 6s........1928
jasper Branch 1st g 6s..1923
...121% 110 4 May’07
Moil Al W 6b Al 1st 6s..1917
1174 Alar’OC
T 6b P Branch 1st 6s__ 1917
113 J’ly >04
Nash Flor 6b Shot See L A N
102
Natot Alex prior lien 4 4 s .1926
...... 104
102
1st consol 4s...................1D51
84
85
841
844
NatRys of Alexpr IL .a 1957
95 Rale 95
95 *,
Guar gon 4s................... 1677
884 Rale 834
89
No w 11 A D see N Y N 11A B
N J Juno UR See N Y Cent
N Y Bkln A Alan Bell See L I
N Y Cent A 11 Rlv g 3 4s. 1997 J - J 93 Sals 924
93*6
Registered...................1<J<J7 J-J
93
...... 02*4 93
Deben g 4s.................... 1634 M-N 054 Sale 95*4
964
Lake Shore coll g 3 4 s... 1998 F-A 84 Rule 8.4
844
Registered...................1668 F-A 82 4
83 AIay’09
Mich Cent coll g 3 4 s__ 1668 f -a
834 84 4 843a 84*i
Registered...................1668 F-A 82 4 .
82 4 Apr’09
BeechCreeklstgug4s.l636 J-J 1004
1004 A pr’09
Registered...................1636 J-J 100 4 ,
102 Mar’04
2d gu gold6s.............. 1636 J-J 107 ,
Beech Cr Ext 1stg 3 4s 61661 A-0
844.
Cart A Ad 1st gu g 4s...1681 J-O
98 .
974 Apr’09
Gouv A Oswelstgu g5s 1642 J-D

BONDS
N. Y. STOCK EXCHANGE
Week Ending J une l l

N

a.

Week’ s
Range or
Last Sale

ISrlce
Friday
June 11

Range
Since
Jansiary 1

Low Hind
1154 1174
110 117
100 102*.
100 100

O

P

Telegraph and Telephone
95 4 J*no’09
94 1004 Am Telep * Tel coll tr 4s 1926 J-J
87 *s Feb’00
Convertible 4s................ 1636 M-S
87*s 87*8
102»a Apr’Of)
Mich. State Telep. 1st 6 s.1924 F-A
95 Apr’02
Pac Tel A Tel 1st 5s J P Al rec J-J
774a’olo 774
774
71
79
West Union col tr cui 5s.163s J-J
107*8 Doc ’04
Fd and real est g 4 4 s ...1660 M-N
107 May’07
Conv 4s, Senes A ......... 1036 M-N
1003a _
105 4 Dee’06
Mut Un Tel s fund 6s... 1611 M-N
103 O et’00
lliuiuluciurtug .V Industrial
89 Sale 80
60
86
86
Allis-Chalmers 1st 5s...... 193b J-J
72
74 ** 78 Feb’07
Am Ag chern 1st c 5s...... 192s A-0
102*8 .... 103*4 103 4
1014 103 4 Am Cot OH ext 4 4 s......... 1915 4-F
108‘a .... 108 Alny’OO
1064 1064 Am Hide A Li 1st s f g 6s.. 1916 .11-S
108 109 108 May’ 09
106 4 108
Amer Ico Secur deb g6s..l925 A-0
105 ....
n o Jan ’06
110 110
Am Spirits AUg 1st g 6s.. 1615 M-S
103 Nov’08
Am Tobacco 40-yr g 6s__ 1944 A-O
90 100
67 J’ne’06
95
07 4
4s.....................................1651 F-A
........ 87
63 4 Feb’07
Am Thread 1st col tr 4s..1616 J-J
"No price b riday; latest bid andasked. aDueJan 5DuoFeb eDue..iar irDue.xxr ADue j ’ly /cDue^xog




■2

Hid.
as Low
11if]! Ac Low HigS
y Cent & H It—( Continued j
G 100 ...... 100 Alay’Oi .. 100 100
Moll <61 Alai 1st gu g 4s..1-991
A 94% ...... LOS Oct ’0 ...
N J June R gu 1st 4s...1986
N 91 ...... 964 Oct ’ 0
N Y <fc Harlem g 3 4 s ...2000
O 110 117* 107 4 Aug’Ot
-N i <&North 1st g 5s...1927
N Y <fc P 111st con gu g4s 1993 O 05 ...... 100 Sep ’Ot
ib"84 i i o
0
................
N o r * Alont 1st gug 5s.1916
111 111
D 1204 130*- 1314 Tan ’01 ... L3141314
£*06 Creek reg guar 6s. 1632
10738 107
It W &O con 1stex tos./tl622
0 1 1 0 4 111 *• 1104 J’ne’Oi ... 1104111
124*4 126
? 8we& H 2d gu g 6 s ...<1615 A 102%...... 105 JaD ’0
120 120
R W & O T it 1st gug os .1618
N 106*4 111
J ................
Ruilamt 1st con g 4 4 s.. 1941
J
91
61
93 4
*'3 *• 12 91
OgifeLCbani Istgu4sgl948
634
71
J
91*« 92
62 J’no’OI
_ But-Canad 1st gu g 4s.194!'
90*4 92
004
bt Law-* Adir 1stg 5s. 1996
J 1 1 0 4 ...... 115 Feb ’01 ... *115 115
2d. gold 6s ....................1666
O ................ 125 Feb’OI
110 n o
Utica <fc Blk Rlvgn g4s. 1922
J 101%...... 1034 Dec ’Ot
0834
96
D 94
913, 63%
94% 42 93% 95%
Lake Shore gold 3 4 s___ 1967
D ........ 93
634 Alay’Ot __ 92 4 944
Registered................ 1967
88
91 _
3l 65
Debenture g 4s__
1928
S 95 4 664 95 4
97
66
I I 434 1154
]S U5',a salt 95%
25-year g 4 s ................ 1631
95% 15’. 95
974
j *1 1 * 8 ......
Ka A & G R 1st g u c5 s.1938
109 i.09
Alalion C’l RR 1st 5s..1634
J 1184...... ib » oct *o7
L124115 m
Pitts A L Erie 2d g 5s.al928
0 102 ...... 100 AlayOt
94
95 4
Pitts AIcK & Y 1st gu 6s. 1632
J 126 4 ...... 1304 Jan’01 ... 130 4130 4
2d gaarOA.................... 1934
J 1 2 6 4 ......
AIcKees* B VIstgO s 1618
J 1 1 04......
92 4100
S ..............
Alicli Cent 1st consol 6s.1606
lol Feb '01 . 101 101
*>«•................................ 1931
S 113% 116 4 114*4 Oct 08
99**6 i.00'4
VI 112 ........
Registered................ 1931
; 1 0 0 4 ........ 11004 Apr’06
48........- ....................... 1640
10U% 1 0 0 4
83
89
Registered................ 1640
1004Nc>v’Ul
214 284
20-yr deb 4s J P Al rec.192!'
64%
94% 60 944 954
2 0 34 25 4
5 .................
.1 L A S 1st g 3 4s......... 1951
7 90
62
la t g 3 4 s ....................... 1652
92 AIay’09
61*, 92*8
3 .................
Dat C * Rtur 1st gu g 3s. 1986
100**8 101
3 1014 101'-. 1014 J’ne’Ol
NY C hic* St L 1st g4s 1937
100 n 1 0 2 4
3 ........1014 LOU
Registered...................1637
’Ob
*J ...... . 03 4 63 4M oy’06
Debentures 4s.............1631
91% 94
[ 102 103 102
West Shore 1st 4s gu.„2361
102*4 6 102 104 4
lu
l4
102
„ Registered...................2361
100 4 1014
101 4 103-j
13341334 N 1 * Groonw i^aae tier Erie
N Y A liar See N Y C * Hud
101*4 10*3*8 N Y Lack * IV See D L * W
109 1114 N Y' L K * W See Erie
844 87*< N x <fc LongBr .SeeContotN.:
138 13S34 133
138% 95 133*4 138%
N Y N H A H—Conv 0s . . l 94 i.
109 4 sale 106
106*4 154 674106*4
Conv doben 3 4 s ........... 1256
100
4 117 .......
Housatonic l; oou g 5s..1637
99
.................
Derby con cy 6 s. 1918
W Y A North See N Y C A H
98*4 100 4 N
99% 06 4 994
Y O A W ret 1st g 4s..i/1962
99*4 £ 98
99*4
804 884
101 4 J’Ue’Ui.
ltegis 85,090 only........ylOM
104 4 109 4 N Y «!b Put See N Y C A H
Sjag 877, M X *
14 See r ong Island
904 93 3, N Y 8 A W see Erie
88
89 4 N Y Xex A Al See 80 Pac Co
104 ........ 99 >2 J’nc’Oe
109 4 110
N o r* .South 1st g 5s........1941
93
93
127 ........ 127
127
Norl& West gen g 6 s...... 1931
6 127 128
120 ....... 126 Mar’06
113 1144
Xmprovom’t A ext g 6s..1934
126 126
108 112
127 Sale 127
127
New River 1st g 6s...... 1632
i 127 128 4
106 110
........ 66*4 66
66*8 2s 68
N A W Ry 1st con g 4s. 1996
96 4
1104 1104
....... 67 N 91 Sep ’01
Registered................... 1660
108 1113b
63% 52 63
Dlv’l 1st 1* geu g 4 s... 1644
93% Sale 63%
95
1134110
t>s% 20C 93% 99 4
98 4 Sale 68 4
19-25 year conv Is__ 1632
LOO4 102*4
........ 92% 6 2 % J’ne’09'
Pooah C A C loint 4s.. 1641
86% 93
....... 106 *-j e eO’06
106
C C A T 1st gu g 5s........1622
101 103
96*4 98 4 97 J’ne’u6
.,bc*0 Y & N E 1st gu g 4s 1986
90 4 984
784 85*6 North Illinois See Chi * N W
96>s 90 ■y North Ohio See L Erie A W
89
95
102*8 Sale 102 4 102% 77 1024 104
Nor Pao—Prior lieu g 4s.. 1697
89
91
..........
102% 102% 5 101 103
Registered................... 1997
71 % Sale 74%
75
General lien gold 3 s__ a2047
9. 73
76
994 1004
Registered................a2047
73*4
73*4 7 72*4 74*4
U 24 H 34
9 7 4 ........ 974 J’ne’09
St Paut-Dul Div g 4 s. 1696
90
97%
111 112
Dul Short L 1st gu 5 s ..1616
1 1 0 4 111*6
C B * y coll tr 4s See Gt Nor
86
904
St P ifc N P gen g 6s__ 1623
120 ........ 120% May’09
120 121
884 91
115 Alay’Oy
Registered certiao’s..lu23
....... 120
115 120*8
St Paul * Dul 1st 5s__ 1631
112 4 ........ 117 4 J’ly ’ 0 ;
2d 5 s ............................1617
1 0 4 4 ....... 1.04*4 Alay’06
U>1 i04*4
119 4 125
67 4 Alay’O1st consol gold4s!I!.’ "l6 6 8
9 /4 66
67 4 99
117 118
62 4 Jau’U6
Wasli Cent 1st g 4s.. . 164a
944 06
92 4 92 4
864 91
Nor Pao Ter Co 1st g 6a..1933 r ,
1164 117 U b 4 AIar’09
110*4 1 1 0 4
112 4 U24 Nor Ry Cal see So Pao
Nor Wis See C St P Al * o
Nor * Alont See N Y Cent
lnd * W See C C C A St L
hlo Riv RR See Halt A O
Ore A Cai See So Pao Co
Ore Short Lino See Un Pao
Oswego A Koine see N Y C
O C F <b St P See C A N W
ac Coast Co 1st g 6s__ 1646 J-D 112 ........ 110 4 J’ne’09
1 1 04U 24
.09 4 U 0 4
113 4 1134
ao ot Al issouri See Alo Pac
Peuu RR 1st real est g Is. 1623 VI-N
104 4 AIay’09
103 105
Consol gold 5s................1616 11-S l 0 9 4 ........ LUO4 Jau ’ ui
109 4 106 4
Consol gold 4s................ 1643 d-N 100 ........ .02 Alay’O.
1024 104%
Consol gold 4 s .............. 1648 M N 104 4104*4 04% len% 32 LU4% 105*4
102 103
Convertible g 3 4s..........1612 M-N 101 sale 01
101*4 68 67 4 101*4
85
80
Convertible g 3 4s..........1616 D U7*s sale 67
loo
-Oi 64*4 100
924 96
Alleg Val gen gu g 4s... 1642 M -S 100%....... 66 J’ne’o7
89
86
D R K UA, B golstgu 4s g .’JO F -A
66 * .......
Pllilaiial* W 1st g 4 s..1643 -VI-N 103 4 ........ 103 4 Mar’uy
103 4 i03 4
Sod B a y * So 1st g 5s...1624 J - J 67 .......
U N J RR <feCan geu 48.1644 M-S 105 ........ 04 Alar’06
L04 i04
924 94 4 Penn Co—Guar 1st g 4 4s. 1621 ■J ....... 106
054 1’ne’Oo
04 106 4
92 4 934
Registered.................. 1621 ■J 103 4 ........ 044 Aiay’06
.0441944
Guar 3 4s coll trust reg. 1637 M-S 60%........
934 96 4
Guar34scolt tr ser B...1U41 -A 914 61% 00 4 AIar’09
81
854
60 4 994
82
814
'Tr Co certil’a gu g<l 4 s.1616 .M-N 97*8 97 4 97 4 Alai'09 _ Ut>l4 97Sj
83
84 *4
Gu 3 4s tr ctfs C.............1642 -D 60%....... so 4 b ob’oa
86 4 S6*4
82
82
Gu 3 4s tr etts D.............1644 -D 90 4 934 60*4 Alay’09
90 4 0U*4
1004 100*,
Guar 15-25 year g 4s....1631
66 % May 01
0
984 99%
984 99
Cl A Alar 1st gu g 4 4s.. 1635 M-N 105 4105%
Cl * P geu gu g 4 4s ser A .’42 -J 106 ‘ ...... ^ 10*4 Jau ’ 06 ... 110*4 110*4
Series B....................... 1642 A-O 106 ........
Sj ....... 684 Dec’05
Series O 3 4 s................1648 M-N
97 4 974
Series D 3 4 »................ 1650 A 9 4 4 ........ 60 May’08
lUlMCELL 4NKOUS BONDS—Continued 011 Next Page

M

Coni and Iron
Cot F A l Co geu s f g 5s.. 1943 F-A
Convertible deb g o s....1911 F-A
Gr Riv Coal A C 1st g 6sl919 A -0
Clear! Bit Coal 1st s I 4 s ...1940 J-J
Collndulst<fc coll 5s gu..l934 F-A
Contln’ talO lsts f gu 5s g.1952 F-A
Jelt<& Clear C«fe 1 1st g 5s. 1926 J-D
KauJb 11C A C 1st s f g 53.1951 J -J
Pleas Val Coal ls tg s !5 s .l9 2 8 J-J
Pocali Con Collier 1st s t 5s.’57 J-J
Sunday Creeg Co g 5s__ 1944 J-J
Tenn Coal gen 6s.......... 1051 J -J
Tonn Dlv 1st g 6s...... al017 A -0
Birni Dlv lstconsol 6s..1917 J-J
Cali C Al Co 1st gu g 6s. 1922 J-D
Do Bar 0 A 1 Co gu g 6S.191U F-A
Valron CoalifcColst g 5s.1946 M-S
Victor Fuel 1st s t 5s...... 1653 J-J

Hangs
Since
January

1487

95
85

98
87

........ 654
10538 Sale
........ 99
07*6 Rale
100 4 101
95*4 964
89 4 90
100 ........
87 4 Hale
101 Sale
........ 07 3<
1014 Salt
77
764
95
97
112 Rale
60*8 Sale

95
1034

65 4
105*8

100

F e b ’ Ua

100

M a r ’ 09

97
100
964
89 4

97 4
1014
964
99

91*e 96
92*8 106
99 4100
664 68*8
68 4 102
93*4 Ob*,
84 62 4
05 100

30
87
83%
884
66 101
1011*4 101
97*4 J’no’ 119
66
68
96*4 1014
1004 1**14
80
67
17 4
77 ■«
95*4 May’OO
65 4 100
104 4 112 4
L’J
1124
SO"a
74
SO
80 4­
*I 4 Apr’O!
60*8
i .-Hi y Due boo 4 upturn

Haw York Bond Record—Concluded

1488
BONDS

N. T. STOCK EXCHANGE
W kkk ending J une 11

Price
triday
June 11

Week’s
Range or
Last Sale

BONDS
N. Y'. STOCK EXCHANGE

Range
Since
January

MISCELLANEOUS
ttlanulncuiHue A BidiiMti'iui
Armour&Co 1st real esfc4 *28’39 J-B 9500 Sale 95*2
9534
90 00*2
Beth Steel 1st ext s i 5s.. 1920 J-J
89 *» Saio 89*8
90
77
00
Cent Leather 20-year g 5s.l925 A-O 98*2 8alb 98*4
983,
00*2 09
Distil Sec Cor conv 1st g 5s.*27 A-O 703« Sale 70s
77*2
73*2 787e
Int Paper Co 1st cou g Os.1918 F-A 104*4 105 lOl^a 105
LD1 100*4
Consol cony s t g 6s...... 1935 J-J
87 *2 88
87*2 88
b*
88 *2
Int St Pump lo-yr conv. Os ’ 13 J-J 10334 105 103
103n(
100 103y4
Lackaw Steel 1st g 5s__ 1923 A-O
98 *a 100
99
98*2
P3
99
N Y Air Brake 1st conv Os ’ 28 M-N 115 Sale 114*2 110
108 HU
Repub I.ifcS 1st A coltr 5s. 1934 A-O 100 ...... . lOO3* loon
98 100 7e
Union B a g * P 1 stst5s.. 1930 J-J
97 Salb 97
97
9 ia4 9/*a
US neath Co a Idol) gOs.. 1913 M-N 100 100*^ 100
100*4
104*2 100*2
U S Realty ifc I conv dob g 5 s’24 J-J
91*»
91
UlS 91*4
844* 01**4
U S Rubber 10-yrcoll trOs.’ lb J-D m o s a i c IU4 *2 1<)470
102*4 1047s
U .< steel Corp—j eoup .R1908 M-N l05od Sale 105
100
102*0 100*4
St 10-00 yr 5s. ( reg ..<U9U8 M-N 100 Sale 105*2 10U
101 cu 106
Va-Car Chem 1st 15-yr Os 1923 J-D 1»D*aSale 99*4 1U0
93 J4 100
Westiuvliouse E A Ms t 5s ’31 J-J
95*2
94°^ Salu 94*2
90*4 05H
' -N0 once Friday; latest bid and asked tins week- a Due .1an




'•*5
£i

W e e k E nding J u n e 11

Lena HXah
Penn Co—(Continued)
Loto High.
92 Apr *07
E r ie * Pitts gug 3 *23 B.1940 J J
Series C....................... 1940 J - J
9834 Apr*04
Gr R<fc I ex Istgug4*2sl941 J-J 107 *2 ....... l0634 Bee *08
Plttn Ft W & C 1st 7b.. .1912 J - J 107 109^ 127 s8 Oct *02
2d78............................. 1912 J-J 107 110 110 May’ey
109H 110
3d 7b.......................... A1912 A-O 107 .... 107 Oct *08
Pitts Y&Ash 1st con 6s.1927 M-N 110H* .... 110 Feb *09
110 110
P C C & S t LgU4*2S A ...1040 A-O 10S3, .... 109*2 Apr *09
109*2 109*2
Series B guar...............1942 A-0 108‘j4 .... 109 Muy’09
109 109
Series C guar...............1942 M-N 1 0 8\ ....... 112 *2.1 ’ue'06
Series 3) 4s guar...........1940 M-N 10()34 101*2 1**2 Feb’09
10OH102
9 4 ^ ........ 94H A pr’O
Series E 3*a guar g___ 1949 F-A
94
95
Series F 4s g u a r......... 1903 J -D lo l ........
110*2.......
C St li «fe P 1st con g Os.1932 A-O
11(5*2 May’*09
110 H 110
Pensacola <&Atl See L <b Nash
Peo So East See C C C & S 6 L
Peodfc Pelt Un 1st g (is....1921 O- F 109 ........ 123 HJan ’06
101)3.1 Dec’05
2(1 gold 4*23...................01921 M-N
Pero Marq—Ch<fc W 01 0s 1921 J -D 105 Sal
105
100
105 100
Flint & PM gOs... .......1920 A-O ........113*2 1137eMay’09
112 *4 115
1st consol gold 5s........1939 :V1-N 109*2___ 109 HJ’ne’o9
10434 109 H
PC Huron Div 1st g 5s. 1939 A-O 1081.1 110 103H J’iie'09
108*2 108H
SagTusda H 1st gug 4s. 1931 If-A
Phil R A W See. Penn Bit
Phikiifc Reading cons 7s.1911 J-D 1 0 5
115 *2 Mar’ OG
93
93 May’09
Philippine By 1st 30-yrs 148*37 J •J
93
Pitts Cin <&St L See Penn Co
Pitts Clevo A Tol See B & O
Pitts Ft W <to Cli See Penn Co
Pitts McKees & Y See N Y Cen
Pitts tiii L E 1st g 6s... 1941i A-O 11G1* 118*2 L1G*4 1101;
u g *4 n c n
1st consol gold 5a...........1943 J-J 115 ..
93 7a J’ly *97
Pitts <fc Went See B <feU
100
Sale
99
78
100
J) ending Co gen g 4s...... 1997 J-,3
9934 10058
loo Muy’OO
9 8 7a 1 0 0
t *- Registered..................1997 J-J
98*2 100
9 { »i 97
jersey Cent coll g 4 s...1951 A () 9 7
97 H
90*2 93*2
Rensseiaer tto Sar See D da II
Rich <b Ban See South By
Rich <b Meek See Southern
Rio Gr West See 1)eu & Bio Gr
Koch <fc Pitts See B U <b P
Rome Wat & Og SeeN Y Com
Rutland See N Y Cent
ag T ub «& Pi See Pero Marn
96
00 H 9678May’0U
t Jodi Gr Isl 1st g 4s...i94\ ,
92
97
St L & Cairo See Mod da uluo
St'L <b Iron Mount See M P
St L K C So N See Wabash
St L M Br See T RB A of St L
12434 J ’ne’ 02
St Louis «fc S F—3eng Os. 1931 J-J 123^
1S2>2 12434
1104, Muy'09
General gold 5s..............1931 J - .1 n u 34
110 111
9l-\
89
San 89
Gen 16-20 yr 5 s ............1927 M-N
88*2 91 34
95 Apr *09
95
S t L ds S F B li coils g 4s..*90 J - J
9 L 9(5*2
101 Feb*()9
Southw Div 1st g 5s..1947 A-O ido*4 101 101
85 *-a 8G®HLil 847q 89
85*4 5
Refunding g 4s.......... 195 L J-J
8tLM<& So Eastgu4,«jgl909 J-l)
99a4 993i
K C Ft S da M con g «8.. 1928 M-N 119*2 120*4 119 *2 Apr ’09
11 (5:*0 1 2 U*2
1*3 82 a4 80
K C Ft S M Bv rer g4s 193U A-O 84*4 Sale 84 *4 85
.......
1
U
0
K O da M B «&B 1st gu 5s. 1929 A-O
97*a
98
Oz'rk & Ch C 1st gu 5s g.1913 A-O ........ l»«
6 97*% 98
St Louis So See Illinois Cent
94 H 94
94^ 36 92*2 94H
bt L S W 1st g 43 bd ctfs.1989 M-N 94
84 Sale 84
84
2d g 4s mo bond ctla...pl989 J -J
79
85
8030 Sale 80*6
Connol gold 4s...............193- J -1)
304, 35 78 81 *.
101H Apr’07
Gray’s Pt Tor 1st gug 3s 1947 J -D
St P a u l* Bui See Nor Pacitic
9t Paul M <&Mau 2d 3 s...1909 A-O 191 ........ 101*4 May’O'j
IOU4 101
1st connol gold lis............ 1933 J - J 13 l u4 Sail. i3 i34 i3 n.
131 132-Y
I32fli 132 Apr *09
Registered.................... 1933 J-J
32 13j
Reduced to gold 4 ,2S.. 1933 J - J iu3«i 109'-. 109 °a May'oy
109 111
lU83.i J’no’09
Registered.................1933 J-J
1081, lOtrli
Uakota ext gold (is......... 19lu M-N 102'! i ’u3* 10230 iilu> ’09
IU2°0 103 *..
Mont ext 1st gold 4s---- 1937 J -B 1U0 LUl 100a4 May’O.
99*4 101
100‘4 Oct *01
Registered..................1937 J -B
E Minn Nor Biv 1st g 4si94s A-O 101*2
101
Minn Union 1st g 6a___ 1922 J - J
124 May’05
Mont C 1st gu g Os......... 1937 J •J 13 n 4 132*4 131r*8May’ut1
l b l 3p 132’0
Registered.................... 1937 J - J
’ 30*4 .day’00
1st guar gold os........... 1937 J - J 114
114*4 J’no'Oi
114‘j Il7*
W1U& S F 1st gold 5s..l93b J-l 115
LIU
110
i id no-'
bt P A Nor Pao See Nor Pao
St P b b’x City SeeC St P M daO
89 c8 Sale 89 n
BA <&A Pass 1st gug 4s... 1943 J-J
90
92 sa
13 89
S Fe Pres do Ph 1st g 5s... 19 12 .u-s ....... l l l 7t 112*2 Apr’09
112 113
8 F <&N P 1st sink f g 5s. 19 a- J J
110 G et’05
Shv F <fc West See Atl Coast L
Scioto Val da N E Nee Nor da \V
Seaboard Air Line g 4s ...195li A o 85 ** Sale 85
85 110 03*2 85^
Coll tr refund g 6 s ........1911 M-N ........ 99
U'd\ Muy 06
95 *2 lot)
Atl-Birin 30-yrlst g 4a.el933 M-S 82 ...... . 88 juu ’07
9U ...... . 85 J 'ly ’08
Car Ceut 1st con g 4a...1949 J -J
Fla Cen <& Pen 1st g 5s. 191.'- J •J 100 ....... 107 *4 Ang’OU
1st land gr ext g 6s ...1930 J •J
Consul gold 5s............ 1943 J-J
109 '2 Mar’o6
Ga & Ata By 1st con 6soL946 J-J
102*4 Feb’Oil
102 *4 10234
Ga Car & No 1st gu g 5s 1929 J - J 104 H ...... I 06 ‘2 Mar’09
105 100
Seab «fc Boa 1st 6s......... 1920 J - J 107 \ ...... 107*4 10 7
2 10034 107u4
Slier 8 hr da 80 See M K da T
Sil bp ucii >So G See Atl Coast L
So Car «fo Ga See Southern
Southern Pacitlo Co—
92 H 38 90
Gold 4a (Cent Pao coll).fcl940 J *B 92*4 Sale 92*4
92*2
80
91 H 85 Feb’09
Registered................/cl949 J-L
85
85
Cony 4s (full paid) ..j/1929 M-S 10234 Sale IU2*4 103H 9132 97*210330
97 ban
90*5
97*4 127 967e 987e
Cent Pao 1st ret gu g 4s 1949 F-A
9534 9G76 9734 Mar’OU
Registered__ J........... 1943 F-A
9734 97 34
90*a J’no’09
Mort guar gold 3 *us.. A.TU29 J -B ........ 91
89*2 93H
U5 ilay’oa
Through bt L 1st gu 4s *64 A-O
93*4 95
101*4
Apr
09
Gal Har <fo 8 A l8tgBs..l9H> F-A
101*0 101*4
Mex»fe P a c ls tg o s __ 1931 M-N 11 U U 2 111 *2Apr’09
110 112
Gila V G & N 1st gu g 5s. 1924 M-N 104*2--- LU4 Mar’UD
104 J04
Hous E & VVT 1st g os.1933 M-N 104 105*2 106*4 May’09
103 105*4
1st guar 5s red......... 1933 M-N 1U4*2........ 103 *2 Apr'02
103*2 103*2
li & T C ist g Saint gu.. 1937 J-J 110*4........ 110 J’no’UU
IOIP4 110
Consol g 6s int guar...1912 A-O 109 ........ 107 °0 Nov’07
Gen gold 4s int guar..1921 A-O 95a4 9G H 90 May’09
b o" "eo"
Waco«fc N W dly 1stg (is ’Hu Vl-N 110 118 110 Bec’OU
A & N W is t g u g 5s__ 1941 J-J 108 ........1107*2 Jan ’09
107’*2 i07H

S

Page 4

Ore

iVOIi. LXXXVUIU

Price
Pridav
June 11

Hid
Asl
A(
0 J -w
S A-C
Cal 1st guar g 5s. 192'7 .1 -. I033i ......
0 J-.
2 A-< ................

7 M-rv
1 J-.
S Pacof N Mux 1st g Of
So Pao Coast lstg u 4s g .!9 3 r< J-J
^ M-S
i J-.
J-C
4 J-i
4 J -i
A*(
M-b
i J-.J
J -.
- -J-v
Atl ib Dany 1st g 4s......194.- J-J
2d 4 s .......................... 194f J-J
* A-(
Col <b Greeny 1st Us...... 191* J-J
J-J
M-IN
M-S
; a .(
J-J
J-J
J-J
Deb 5s stamped.
Virginia Mid sev C o s ...lo l'

i i ‘i ......
........1027
90
92
....... 105
loo
95 bale
112*4 bale
U>9 111
83 *4 Sale
89
90H
........113
9O°0 91
111 *2........

Week’s
Range or
Last Sale
Low
112

£■5

Hig/ No Low High
Feb’o

101 *2 Jan ’01 ...
104*2 J’no’O.'
11U May’ir
104 Apr’Of
92 May’O1
.
107*2 Feu ’07
98E Apr *03
947g 95*. 423
112*4 112 H 1
110 May’O:
83
83 *k J9;
89*2 J’no'Ui
113 Apr’01
91 J’ne’Ol
108 Sep’Oh
91 Bee’08
92 J’ne’Oo

........ 88
81 .......
110 ........ 110*4 J’no’01 __
111
lil
........i l l
3
114 *a 115 • 11 3-j4 May’Ol
loU’H . . . __ 107 AJU’O:
05 ........ 64 Apr’01
11G70 ....... 117 Apr’09
115 118 1 L8*4 May’Ot
105 ........ 115^ Apr'06
82 Nov’Oa
i
110*8 lib** l lOH 11 Oh
10 2 A4 ....... 92 J’ne'Ob
75 Oct 'Ob
M-N
•vi-N 103*4....... 103*4 May’09 ....

Series E 6a.........
.1921:
General 5a.........
M-N
Guar stamper.
W O <fc W 1st «y gi.
W estN C 1st con g Os..1914 J-J
S tfe N Ala See L db N
J j
A-O
F-A
11st con gold 5 s.... 1
Gen refund s 1 g 43 ..
J-J
A-O
Tex it N O See So Pac Co
J-B
Mai
2d gold inc 5s............... t
La Biv B L 1st g 5s__ 11931 J - .J
F-A
J-J
A-O
General gold 5s..............1935 J-B
A-O
J-J
J-J
A-O
Tor llarad* B utflstg 4s./tl94U J -B
lster «&Bel 1st cou g 5s 1928 J-B
1st refund g 4s......... 1952 A-O
U11 Pao Bli db 1gr g 4s ...1947' J-J
Registered...... ........... 1947 J-J
1st & ref 4s..................y jous M-S
2U-yr eonv 4s................. 1927 J-J
Ore By dj Nav con g 4s. 1910 J-B
Ure Short Lino 1stgOs.. 192*2 F-A
1st consol g 03.............1940 J - J
Guar rotund 4s...........1929 J -0
Registered................1929 J D
Utahdi; Npr gold 5S..192U J J
U11LN J BR * O Co See Pa BR
UiaUContnu See iiio Gr \Vc.>
UDili dd Nortli bee Un Paoiiic
Utica & iilacic B see N Y Cent
1andalia consol g 4s ....1955 F-A
era Cruz <&Plstgu4 *2sl934 J-J
Ver Val iud oa W See Mo P
Virginia Mid See South By
Va in Southw’t 1st gu 5s.2003 J-J
1st cons 5o-year 5s........1958 A-O
abash 1st gold 5s...... 1939 .VI-N
2d gold 6s................1939 F-A
Debenture series A ...... 1939 J-J
Series B....................... 1939 J •J
1st lieu equip s filg 6 s..l9 2 l M-S
1st lien 50 yr g term Is.1954 J J
1st ref and ext g 4s .... 196U J-J
Bet & Ch Ext 1st g 5s..1941 J-J
Bes Moin Biv 1st g 4s..1939 J-J
Cm Div 1st g 3 *28..........1941 A-O
Tol ib Ch l)iv 1st g 4s... 1941 •VI-S
Wul> Pitts Term 1st g 4s.19 j -1 J-B
Trust Co certfs.....................
2d gold 4s....................... 1964
Warren See Bel Lac ib West
Wash Cent See Nor Pao
Wash O & W See Southern
Wash Terml 1st gu 3 *as.. 1945 F-A
West Maryland 1st g 4s...1962 A-O
Gen ib conv g 4 s ............1962 A-O
W Va Centdi; P 1st g Os 1911
WestN Y b Pa 1st g os..1937 J-J
Gen gold 4s.................... 1943 A-O
Income 6s.................... <11943 Nov
West No Car See South By
Wlieel’g ifc L E 1st g 5s...1920 A-O
Wheel Biv 1st gold 5s..l92o J-J
ExtoudJ Imp gold 5 s ...1930 F-A
lilt 1st consol 4s............ 1949 M-S
20-year equip s f 6s ...1922 J-J
Wilkes ib East See Erie
Wii ib Sioux F See St P M b M
Wifi Cent 60-yr 1st gen 4s 1949 J-J
Supdfc Duldivifc term 1st is’3o M-N

U

10 L*2 101*2

88*2 92

94 A, UU*«
1oa ) ia
109 110*2
70
83*2
85*2 90*2
113 113
87«, 91

i 10*4. 110*4
L()934 ILL
L10 *2 11334
105 107
04
66*4
i n a4 117
118*4 118*4
108*4 U l
101H 103*4

110*2 111*8 lOS'sMar'OD
110*2 .... .. 109*2 Mar’ OU

107 108*2
LU7‘j myH.

108*2....... 109*4 Apr *01’

109*4 io ‘j*4

117 J’ly ’uo
107*2 10834 109 Mur’09
III)1! 11U*v 110*2 110*2 i
97*4........ 97 '2 May’OU
110*4 bale H0*4 lio n
1
........114 H L10*2 J’ne’O.'
70 ....... 05 JHieO'.'
................. LOS Jan'09
100 .......
112 *2 sale m i » uaL
9
112H 1U 1L1 May’o-i
103 *2 104;,4 103 H^layoo
........ 93
94*2 Apr ’OIj
90
94
92 J’he’OLi
........ 91 H 90*4 dlay'09
v
84
84 H 81
84
9 134 ....... 913^ Apr'O'J
10J 108H lUS-2 .uat’u;
8L Nov'Oh
lo3 .lale Li)234 iU3
102*o 103 102 *2 J’no'09
5)94, sale OU*** loo 51.;
l lu 34 sale 109
i n n 2759
99 Salo 9.)
09
119*0 Sale iu**a n a n
I U “, 118 11U J’ue 09
a6 Sale 94 **5 96 H 8‘i
94 Jau’Oy
I00a4 ........ L0( *2 bep ’Ob

98 Nov’Ob
98 Sep ’06

V

W

Ra'nge
since
January 1

iou
n u *2
ua
»7->i
110*4 U0*4

109
115

116*2 119
00
75
103*2 10.>
111

112*2

1(13 4 105
924; IU>
81W 94
90
91 ;l0
83*0 hS'-j
9 l34 91-*4
l U3*2 108 H
L0034 103
96*4 100
103 ll l ° »
93 B8 99 H
u s - , lausi
115 118
U1 052
94
94

.................

108 115 117 >2Jan ’09
117 *2 117 *2
190
i OSH 100
99 *4....... 100
<1 111*0 114*2
113 Sale il2*i 113
104 104 H 1U4
1U4H n 102 *2 105
100*8 Jan ’09
LOOH 100*8
92 Mny’Ot'
80
92
102*2 102*2
102*2....... 102 *2 May’Ui:
87 iilay’Oi87
8 / *2
78H iiw 712 IBS
78 bale 77*4
. 108 111 *4
110 110*4 L0U6a Uo**
SO^y Muy'O:
8n«0 8U»a
87*8 90
79*2 J’ne'O.
<9*2 80
77
80
90
91 *2
85
91H 91 '0 Muy'09
r 48
50
DO Sale 50
56*4
4h
48*2
00
9
9
0
b
I4*u
....... 02*-.
81*2 Sale
........ 71
110 112
...........

UJI. U'eb'US)
03 2 1)1)2
84
85 LU4 b2;H 8S
70 May’Oi'
01
73ia
116H Mar’09
iio iiv
ts7‘v Ai>r iu
34 bub’ll

108*4....... L05 Feb’09
107
95 J’ly ’os
105 *2 l)eC 0.88
88 S 88 *4 88 *2 'C
................. 99 Bee ’08
95 *2 Sale
........ 04

95 *a
94

95£t h(
9l
2i

loo

89*2 907a
93*4 95

IH>Nl>S—Concluded.
OiisceUuneouM
AdamB Ex col tr g 4 s........1948
B’kl’ u FerryCo lstco u sg 5 s’48
Bush Terminal 1st 4s. ...1952
Consol Os........................1955
ChtcJc& -t Yard c o lg 5 s.lol5
BetM«fc M ldgr incomes.. 1911
Institution for Irrig Wks
*b Bevel of Agricul s I

M-8
F-A
A-O
J-J
J-J
A-O

i
93
94
93*4 4 92
41
90*.] 90**0 903t H- 90
93*0
hale 95
95
12 91*2 95
LOO Jan ’08
4< Apr’Ob

9314 Sale

90
95

4*23 (C tfs)....... ; ................. 1943 M-N
91 ....... Ul >2 May’Oi73 *4 >aic 73
IntMercan Marine 4 4 s ..1922 A-O
74 *-. 1
Int Navigation 1st s t 5s. 192V F-A 87 Sale 80*2
87
95 ...... . 90 Ang’Ob
Neivn Ne Ship B D o s<11990 J -j
X Y Bock 50-yr 1st g is.. 195) F-A
‘.•4 ....... 94 J’no’o.
UO Jan ’(*!
Providence beo deb 4s__ 1957 M.N
8 / * 2 ..........
Provident Loan Soo 4*23.1921 M-S
95 ...... .
B ec’Ob
100*2 ••**■»»
St Joseph Stk Ydslst4*2s.i'j3i. J-J ....... 100
112 J’ ly *(M
S Yuba Wat Co con g Us.. 192; J - J
U S Red b liet 1st s t ir Us. 1931 J-J ’ 91* i*aU* 91
01
£

92
7L
8b
bi
90
.......
........
8J

95
77
88*i
......
94
OO
......
......
93

.O n lin e -'ilia

CHICAGO STOCK EXCHANGE— Stock R ecord-D aily, W eekly and Yearly
STOCKS—HIGHEST AND LOWEST SALE PRICES
Saturday
June 5.

:
*180 190
*H2 4
*12
14
*105 109
*38
39
*26
28
*19
1012
*24
25
*50
51
85
85
*17
19
*53
54
*23
24
*68
70
*501* 58
49U 49D
*1041* 105
13U 13*8
83*4 .841,
*205 210
*1281* 129
*00
*108 109
1(
1% 1?8
1114 121.8
55
*541* 56 ~
ll 8
*1 '
*2

*25

|
•
s
J
1
1
•
1
J
1
1
!
j
1

j
3
J
'0
0

*
*
rj

1

26

*13314 134

*127 lYo" "
1191* 120
----- —
125 1251*
40
40
45
*43
“
lOOS.s 106*s
* 122ti 121
95
*93
*117 11!)
115 115l2
941*
*94
*114 115
109*4 1103s
*128 130
1013.1 1013.

Tuesday
June 8.

Monday
June 7.

Q
'A
O
H
O
w
q
w
l
1

•

14*4 16*3
23

Friday
June 11.

Sales
ot the
Week
Shares

CHICAGO STOCK
EXCHANGE

Miscellaneous
American Can____.__ 100
Do pref___________100
American Radlator.-lOO
Do pref__________ 100
Amer Shipbuilding__ 100
Do pref___________100
Booth (A) * Co____ 100
Do pref___________100
Booth Fisheries com ___
Do pref_____________
Cal & Chic Canal A I) .100
Chic Urew’g & Malt’g__
Do prof_____________
Cldc Pneumatic Tool. 100
Chicago Telephone__ 100
Do rights_________
Chic Title A Trust__ 100
Commonw’th- Edison. 100
Corn Prod Ref Co Com__
Do
Do Pref__
Diamond Match_____100
Illinois B r ic k ............100
Masonic Temple_____
Mllw & Chic Brewing..
Do pref___________
17 National Biscuit____ 100
Do pref___________100
8
405 National Carbon_____100
Do prer__________ 100
People sGasL ACoke. .100
Do rights________
602 Sears-Roebuck com.-lOO
Do pref___________100
39
4.143 Swift A Co................... 100
Do rights________
"" 50 The Quake-' Oats C o .-100
238 Do pref___________100
Unit Bos Bd A P Co-100
Do Full paid___
Do pref................... 100
Do Full paid___
Western Stone______100

123.1 123 2,442
12*1 13
123,4 13
12*3 13
83?8 837s 833, 833. 1,230
83*4 83*4 831.i 84
Last Sale 203 May’09
*205 210 *205 210
Last Sale 12.87s May’09
*12,812 129 *1281* 129
200
60
601s
*60ts 01
*00ls 63
*60l8 03
Last Sale 109 Junc’09
*108 109 *109 HO*.,
----- ll't841
*8
'3
% ---->1
3s
‘4
___ 11,443
1
*4 1*2 ___
1
13,
1*3
11
1514 22,661
13
141,8 12*8 mu
121.4 14
501* 55
4,710
51
52
551* 57
55ti 57
Last Sale 55l2 J’nc’09
*54l2 56 *541* 56
Last
Sale
l
Apr’09
*1
1'8
*1
Us
*2
3
Last Sale 218
Apr’09
*2
3
*241* 251* 251* 251* *24
25
*25
26
134 134
1331* 134
133*2 134
133*2 134
21.1
Mch’OS
128 129 *127 130
55
lllOlg 1301s
128 128
466
11934 119*4 1191* 120
1193.1 120
llO^s 120
24
May’09
881* M.iv’09
203
125 125*4 125 1251* *125 120
125
1251*
235
*40
401* *40
4012 401* 401* 41
41
*43
45
*43
45
Last Sale 43U Mch’09
106
+1221t
93
*117
115*3

106
124
94
119
116

94
941*
115 11.5
IIOI4 110*4

l

132

*101

132
102

1
1
*21

Thursday
June 10.

Range since
Jan. 1 1909

l
l

15*4 16
*21
23

20~1* Apr’09
100
106
1061/!
123 *12212 12312
03
94
94
93
931* 93
*117 119
Last Sale 119 May’09
115U 115L 1151* 1151* 1151a 115i
ll-16Mch’09
94U
94U 94D 94ti 041* 94
115
114*s 115 *1141* 1151* 116
HU,
110*8 HOI* 1101* 1117s 109
Feb’09
Last Sale 7
132
*129 132 *130 132 *131
10U* 1013.1 * 1011* 102
lOlU 102
Last Sale 11*
Apr’09
Apr’09
Last Sale 3
Apr’09
Last Sale 73t
15U
1514 15*8 1514 153S 15
J’nc’09
Last Sale 22
*21
23

*1051* 107
121

106

1221* 123

Range 1or 1‘revious Year
(1908)
Highest

Highest

Pailroads
♦ISO 190 *180 190
Chicago City Ry_____100 180 'leh 8 190 Feb 3
Last Salr 180 Apr'09
Chicago * Oak Park-100
4 Jan 22
*31* 4
*31* 4
3 Jan 15
June’09
Last Sale 3
*12
11
*12
Do pref__________ 100
9 . an 21 15 Jan 22
14
May’09
Last Sale 12
*105 109
1 Clilc Rys part ctf " l ” __ 107 J’ ne 4 11534 Jan 6
107 107 *107 110 *107
110
36>4 J’ne 9 4534 Jan 2
371* 38is 36U 371s 361* ,1634 36'2 3012 oe; Chic Rys part ctf “ 2” __
26 May21 30 Jan 29
*26
28
Chic Rys part ctf “ 3” —
*20
May’09
28
Last Sale 20
9 May 3 )3t2Jan 2
'lo o Clilc Rys part ctf "4” __
*10
101*
912 91?
10
9*8 9i2 *9
2412 J’ne 4 29D Jan 2
185 Chicago Subway_____100
21*4 25 *24
25
25
25
*24
25
35 Feb 24 51 Apr 30
15 Kans City Ry & Lt .,1 0 0
*50
51
50
50 *50
51
49
49
*85
861* 85l2 8512 *85
86
*85
87
27 Do pref__________ 100 79 Jan 8 S612 MavlS
Mctropol W S Elev_100
17 Jan 4 19 Mch 8
*17
19
Apr’09
*17
Last Sale 19
19
Do pref__________ 100 47 Jan 14 64 J’ne 3
*53
54
*53
Last Sale 54 June’09
64
21 -ian 6 25 May 6
Northwestern Elev__ 100
*23
24
May’09
*20
23
Last Sale 25
an b 73 May 7
25 Do pref................... 100
691* 0P12 *68
69^2
70 *68
0912 *05
307 South Side E levated..100 50 Jar. 25 61 May 7
65
56
501* 57
56
56
56
56
491s 3,442 Streets W Stable C L.100 29*4 Apr 13 603g J’ue 2
49ls 49
49U 50
48*4 491s 49
65 Do pref__________ 100 97 Feb 15 105 May IS
105
105
105 105
105 105
105 105

1
1

Wednesday
June 9.

7?s Jan 30
71*4 Jan 0
200 Jan 11
123 Jan 20
54i$ Apr 21
101 Feb 2J
is J’nelO
14 51ay22
10 \ia' 24
52 May24
51*4 Jan 1 Apr 2.
2>g Apr 27
20 Mch 2-1
127 Jan 4

14lg May20
86 J’ne 4
203 May 3
129 Apr 17
0012 Mayl?
109 J’ne 3
1 Jan 2
5 .Tan 5
15I4 J’ne 11
57 J’ne S
58 Apr 16
1 Apr 27
21r Apr 27
2738 Jan 4
134 Meh24

117 uan 18 13018 J’ne 11
107 Jan 21 120 J’ne 5
17ig Feb 25 241* May 7
70«4 Mch25 S8i2 MaylO
117 Jan 9 129 MnylS
38 Jan 26 42 Mch 2
43 Jan 5 45 Feb S
20io Apr 27
97JgJan 2
II 8I4 Feb 15
82 Jan 14
110 Jan 15
102 Jan 5
12 Feb 25
55 Jan 5
101 Jan 5
100i2 Jr, , 9
6 Feb 5
119 Jan 5
931•>Jan 2
ft* Feb It
2U Feb 26
334 MchlO
1012 Mrh
15 Feb 16

20’.2 Apr 27

160 Jan
15.s Feb
O' -Dec
8434' .)’ ue
38 Oct
20 Nov
Olt Sep
15 Feb
30 Oct
68 Sep
12>4 Nov42 Jan
13*4 Aug
46 Aug
42 Aug
2612 Apr
85 Apr

185 Dec
3lg Aug
10 Aug
119 Nov
47 J’ne
28 Dec
13I2 Dec
3012 Dec
473' Nov
86t2 Nov
19 Jan
51 May
22 Dec
6212 Dec
71 Jan
34 AOV
103 u'ne

4 Feb
411; Jan
125 Jan
116 Apr
37 Mol
91 Jan
7s Dec
3 Dec

103s Nov
767g Dec
200 Dec
I28i4 Nov
63 Nov
104 Nov
30 Jan
)00 May

40
1
2
20
106

Feb
Oct
NovDec
Jan
34 Feb
100 Jan
80 Jan

57*4 Dec
l*s Aug
4 Apr
301» Aug
153 Sep
23., Feb
116 Dec
110 Oct

113 Jan
30 Jan
38 J’n<

137 Aug
42l2 Dec
46 J’ly

19 J’ne
Jan 16
70 Jan
Apr 20 10134 Jan
J’ne 8
51 Met
Apr 1
91 Mch
Apr 8
S0>2 Jan
Mch 20
24 Jan
May o
72 Jan
1153s May IS
88'2 Jan
U178 J’nclo
20 Jan 18
13212 Apr 3 11434 Jan
87 Jan
103 Mavl7
15s Mch 26
14 J’ly
3's Mch 2
ii* J’ly
9t« Jan 4
16% J’ne 5
1134 tiCt
25 Mcitl

20

97
120
87
115
106

J’ly
Dec
Aug
Dec
NovDec

56 Dec
102 Dec
10634 Sep
134 Jan
ICO J’ly
l*i Jan
12 Jan
17

Apt

Chicago Banks and Trust Ooraoanies

Ghicag‘0 Bond Record

D ividen d Record
Outstand­ Surplus
ing
and
In Per- Last Paid
In
Profits
Stock
%
1907 1908 lod
t
8 Q-M Men ’09; 2
$2,000,000 $1,280,543
Rid
Ask Low
High No. !/>w High
An Dec ‘08,’ 6
6
100,000
35,711
100 Mcfi’07 ___
................
Amer Strawb’d 1st 6s.1911 J - 1
J-.) Dec ’08! 5
500.000
10
185.585
95I2 9534 118 05ij 907.'. (
Armour A Co 4 Ms— ----- .1 - D 953„ Sale
Q-J Apr '09; 3
12
3.000.
000
4,252,207
................ 1
\ -O
000
8
3,77*1,866
Q-> Apr 09. 2
National... 4.000.
Cal & So Chic Ry Co
6 Q-M Men •09. U2
50.000
6,186
102l2Jau’ 09 ___ 1021* 1021;
1st M Bs.................1027 F - A tiou* 102
12
Q-J July Vb; 3
3.000.
000
5.072,478
___
•
.
.
.
___
lOlQFeb’O
O
101
IOII
4
Cass Av A F G (St L) 5s’ 12 J - J
6
6
29,273
200.000
Q-J Jan '09. U2
J - D ___ ___ 100 Mav’ov ___
394,788
600,000
9M Q-.1 Apr '0<j;il2
Chicago City Ry 5 s . .. 1927 P - A t1033, Sale 10334 10378 26 i0334 106' Drovers Dep National—
6
6
30,176
200,000
Q-l Apr ’0J). l.i2
Englewood
State—
—
—
103
Apt’01
.
.
.
.
____
.
.
.
.
.
.
.
.
Ohio Consdl Br&MIt 6s___ .) - J
12 Q-M Mch 31 *09.4
12
7,973,493
000
60 Apr’O.’ —
60
50 First National-------------- 8.000.
Chic Consol Trac -1Ms-1930 J - D ----- . . . .
150.000
10 Q-M Mch '09. 21*
166,750 10
. . . . . . . . First Nat Englewood---------- 9634 Jan*0() —
Chic Audttorlumlst 5sl928 F A —
Prlv ate Ba nk
525.639
....
. . . . ----- . . . . . . . . Foreman Bros B’k’ g Co­ 1.000.000
—
Chic Dock Co 1st 4 s..1929 A - O —
Q-J July 09. 2
8
8
426.112
----- —
. . . . . . . . Fort Dearborn Nntlonal- 1,000,000
Ohio j c RR 1st M g OS. 1940 M - s . . . . . . . . . . . .
J-J Jan 09, 212
5
5
162,275
500.000
.
.
.
.
.
---Hnmllton
National------.
.
.
.
.
.
.
.
.
.
.
.
A
0
Ohio No Shore Elec 6s.1912
Q-l
Apr '09,' 2
8
8
797,546
1.500.000
/47g
J’ne’09
75
—
Hibernian
B’k’
g
Assn—
174
n
/47s
Ohio Pno Tool 1st 5s.aiu21 J - .1
l-J JaD ’09, 5
10
114,548 10
200.000
lull) .i4 toils 1023. Kaspar State Bank____
F - A 101 Sale 101
10+2 Q-M Mch ’09. 2l2
404,700
931* 053,3 Live Stock Exchange Nat 1.250.000
A - O 9633 Sale 947$ 9538 11
Q-F Mayl 09. 1
4
62,370 ’ *4*
300.000
8712 46
843,i 891* Monroe National---------Chic Rys 4-Os scries ” B” J - D 871S Sale 87
8
8
Q-J July ’09. 2
10
90
81) 91
Nat Bank of Republic— 2.000.000 1,138,138
F - A 191) Sale 90
Apt 09. U2
3
Q-J
491,850
1.500.000
1013s
10U*
____
7
lOUs
1023s
National
City--------------11U1U
Chlo Rys coll 6 s ... 1913 F - A
Aun 20 1907
busine ss
250.000
64,058
___ 102isMch’0« ___
1021s 1023s National Produce______
F- A
200.000
2Hi Q-J July ’09. 1>2
66,246
IO1I4 1021* North Avenue State___
10213 lOlQMay’OO —
Ohio Hftra Tern Ctfs 1st 5s.
6
60,000
6
Am XX). 1*2
13,017
Q-J
00!2AU2’08
.
.
.
.
North
Side
State
Savings
___
Chic R 1 & P RR 4 s..2092 M - N
200,000
7,072 See V. 87. p. 1 277.
0012J’lv 08 . . . . io i 10134 North West State--------___
M- S
Q-l Jail ‘09.’ U2
100,000
1033s 13 103 10334
<Z>
Cblc Telophono 5s___ 1923 J - 1) 103% Sale 103
250.000
71,340
101 103>4 Prairie National-----------Oommonw-lid Ison 0. .1943 M - S 1023. Sale 10212 103 . . .91
42,674
500.000
8 Q-M M’h31’09.112
.
. . . . ----- Prairie State________- —
Chic Edison debOslol.. .1 - J 1100 ___ lUu J1me' 08
Jan '08, 2
260.000
2
4,201
101 1013, Railway Exchange------1st g Os........luly 1920 A - O 1101 1015,8 IOU.1J’ne’09 . . . .
Oct 12 1906
300.000
Organ
tzed
127,837
—
101
1021S
10U2
1U
1L
J’no’09
Security______________
Debenture 5s____1926 11 - S 11011.)
Q-l Apr *09. 1>2
200.000
6
6
78,103
6 1023., 1035s South Chicago Savings..
Commonw Elect GsM'.M" M - S 110234 Sale 10234 103
Q-l Apr ’09. 3
11
----- . . . . State Bank of C hicago... 1.boo,000 1 381,620 9 + 1
80 t>cc’08 —
Illinois Tunnel 5s___ 1928 J - D ___ ___
J-D June 3J 09.2
250.000
173,046
7
Stock Yards Savings----Kan City Ry A Light
6 M-N May 09. 3
200.000
2
48,660
98 9834 Union Bank of Chicago..
D834 983.,
Co Os__________ ..1913 U - N 10834 Sale
6 Q-l Apr 09. li2
200,000
63,350
Union Stock Yards State
96 Mch’09 - - . .
95
96
Knlek’ b’ker Ice 1st 5s_1928 A - O
8 Q-l Mch '09, 2
000
8
2,436,180
73
91
American Trust & Savgs. 3.000.
90 J’nc’09 —
92
Lake St El— 1st 5 s ...1928 J - J 190
000
7
Q-l Apr XX). 1*4
7
716.112
10 May’05 —
. . . . . . . . sOcntral Trust Co of III - 2.000.
Income 5s_________1925 Feb __ . ___
n500,000
76,404
1M Q-l Apr XX). 11*
Chicago Sav Bk A T r—
Metr W Side El—
6
"
o
'
Q-l July '09, U2
r
1,208.019
6.000,000
—
83
861* Chicago Title A T ru st...
1st 4s.......................1938 F - A __ _ 851s 85i*May*09
3
4 A-O Apr 09. 2
6,349
50,000
837s J’ne’09 —
821* 84l.j Citizens Trust & Savings
.1 __ _ 84
Extension g 4s_____1938 J
Q-l July 09, 2i2
8+2
10
600,000
488,284
10
Colonial
Trust
A
Savings
921.1
961;
941*
951
2
1941*
Sale
M
8
North West El 1st 4 s..1911
6
95,430
200,000
___
___ ___ Drovers Trust & Savings
—
7M QU Apr ‘09. 2
No W G-L A Coke Co 5s’28 Q - M -- Apr 13 1907
189,651 Organ tzed
1.500.000
1
Farwcll Trust Co--------93
98
•1 - N 197
975s 973, 97*1,
Q-M Mch 31’09. 4
J - D 100 ___ 1003sMch’09 —
100Q 1001- First Trust A Savings.. . 2,000,000 2,555,926
200.000
87.P.1138
4,47*' Incorp orated 1908
9684 98 Guarantoe Trust A Sav
97 Mch’09 .....
4.40s .................... ......... St - S 9634
958.585
0
Q-l July XX), 21*
99
997s Harris Trust & Savlngs. 1.250.000
99 Me6*09
98
5.000.
000
10+4
fe'+4
May20
XX). I
8,290,736
.
.
.
.
llllnols
Trust
&
Savings
M - N 99
100 Mch’09
100 lOOli
Q-l Apr 09, 1*4
0
40,694
200.000
6
Kenwood Trust & Savors
12134-May’OU . . .
120 122
Peo Gas LAC 1st 6 s.. 1943 A - O __ 2
200,000
31,79
Lake View Trust & Savgs
4M Q-l Apr ‘09, 1U
M - 8 1931s Sale 1031s 103's 16 103 104
12
12 Q-l Apr ’09.’ 3
4,955,434
000
3 J04 1043s Merchants' Loan & T rC o 3.000.
Chic Gas LAC 1st 5s 1937 J - .1 10414 Sale 1041.1 1011/,
750.000
6
6 Q-l Mch ’09. 11*
256.639
4 102 1021 Metropolitan Trust & Sav
Consum Gas 1st 5s. 1936 J - I) 102 1021* 10214 102Q
1.500.000 2,070,692
8 Q-l Apr '09; 2
8
Northern Trust Co__
102 Apr’09 . . . .
JOB* 102
Mut’l Fuel Gas Ist5sl947 M - N ___
200.000
.1-1 Jan ’09,’ 3
6
b
51,131
North-Western
Tr
&
Snv
941* 9684
96
9633May09 . . . .
South Side Elev 4M3-1924 J - .1 too
J-J Jan ’09,’ 4
6
6
te94,774
200,000
6 1001; 102
People's Trust A Savings
Swift A Co 1st g 5s__ 1914 J - J 1191% Sale 101% 1011*500,000
Q-l
A
8
156,154
Apr ‘09,’ 2
8
10
195
Pullman
Trust
&
Savings
92
06
Sale
95
95
A
C
Union El (Loop) 5s__ 1045
500.000
Q-F Feb X)9.’ 2
8
8
It)
. . . . - __ zRoyal Trust Co---------Union Pacific conv 4S.1911 n - n ■- -- ___ 114 Nov’0 4 —
200.000
J-J Jan ‘09,’ 21*
5
6
23,892
12
Stockmen’s Trust A Sav.
70
75
75
75
175
76
United Box Board col 6s ’2(i
1.000.
000
8 Q-M MOh '09, 2
1.140.487
3
(0l4 7712 Union Trust Co_____
77
General mtg 6s________ j - j 177 Sale 77
6
Q-J Apr ’09,’ U*
210,63.­ ” *tT
Western Trust A Savings 1,000,000
861* Jly’OS —
—
Western Stone Co 5 s .. 1909 A - O —
................ West
Sept 5 1908
200,000
56,070 Began busine ss
SldeTr A Sav Bank
0-1
Anr '09. 11*
6
200,000
32,905
Wood
lawn
TrASav
Bank
hon
id nrlccs
Note.— Accrued Interest must beadded to all Chicago
* Bid and asked prices; no sales were made on this clay, t Apr. 28 (close ot business) for national banks and Apr. 29 (opening or Dusint^s) ior
Institutions
t No price Friday; latest price this week, a Due Dec. 31. b Due June, fc Capital Increased from $300,000; a stock dividend of 33 1-3%
bolno- declared In part payment therefor, n Capital and surplus to be increased. <7 Dividends are paid Q-J, with extra payments Q-F. r As of date
Dee. 31 1908. w As of date Fob. 6. c Orexcl State and Cakland National banks consolidated In February 1909 under name of Drexel State Ban*.
, Royal Trust Co. purchased by and merged In the Central Trust Co. V. 88, p. 541

BONDS
CHICAGO STOCK
EXCHANGE
Week endirvi June 11




Inter­
est
Perloi

Price
Frida/
June 11

Week's
Range or
iMst Sale

H'ds
Sold

Range
1or
Year 1909

NAME.

BOSTON STOGK EXCHANGE— Stock Record, Daily, Weekly and Yearly
SHARE PRICES—NOT PER CENTUM PRICES
Saturday
June 5

Monday
June 7

Tuesday
June 8

Wednesday Thursday
June 9
June 10

Friday
June 11

Sales
oi the
Week
Shares

114 115*8 114 114
1147s 116*8 116*2 116*2 1,511
114 1151s 1143, 115
105*8 10512 >10512 IO6I2 *105i2 10612
113
105U 1051.1 105*8 106
31
2311a 23U2 23112 23U2 231*2 231*2 23112 231*2 231*2 23U- 23112 231*2
130 130
129*4 130*4 12978 1297s *12912 130
1293.1 1293j 12934 130
207
225 225
♦__ 227 *___ 227
225 *-----227
5
147 148 *147
14(3 146*4 14612 1461? 146 147 *147 148
150
148
*___
*__ 30012 300 300 *300 301
301 *300 301 *300
2
*__
16
16 *__ _ 16 *___ 16
Last Sale 15
J’ne’09
70
70 *__ _ 70
69
♦__
69
70
70 *___
70
70
239
___ *10 ___ *10 —
*10 ___
Last Sale 11
*10
May’09
*54 ___ ♦54 ___ *54 ___
54
54
54
54
54
185
54
__ _ ___ *154 . . . . 155 155
151 152
155*2 157
159 159
107
*119 120 *119 120 *110 ___ 120 120 *119 ___
95
___ ___ 270 270
*1301- ___ *13012 ___ 130*2 130*2 130l2 131
90*4 90*8 90
90*4 90*2 91*s *91
*85
*85
*85 ___ *85
1212 1212 12*2 1212 *12
12
12l8 *12
12*2
67
6712 68
67*2 67
67
67
68 *
68
172 1723, 173 173
173 173*2 173 1731- 1723., 1731.1

270 270
13012 13012 *13012
90
90
90
*87
85
85
*85 ___
*12
♦___
172

___
69
173

—n
91
231
10
"220
185
605
—

STOCKS
BOSTON STOCK
EXCHANGE

Range since Jan. 1
1909.
Lowest

11ighest

Railroads
Atch Top & Santa Fe.100 98 Jan 13 1101- J’n o ll
Do pref__________ 100 )00-4 Ja:'. 15 100 J’ne 7
Boston & Albany___ 100 225 Jan 4 23014 Apr 8
Boston Elevated____ 100 124i4 Jan 7 132ig Apr 22
Boston & Lowell_____100 224 Jan 12 235 Mchlo
Boston & Maine_____100 132*- ,.'an 2 148 J’ne10
151 Feb 20
Boston & Providence.100 297 Apr 26 301 Jail 9
Boston Suburban El Cos.
ll-Tl Jan 2 22 Feb 3
Do pref. ___________
60*- Jan 6 75 Feb 3
Boston* VVor Elec Cos _.
10 Maylo 14*2 Mch 12
52 Jan 6 53*2 Apr 2)
Do pref_____________
Chic June Ry & USY.100 143 .'an 25 169 J’n cll
Do pref__________ 100 116 MchlO 120 Jar. 0
170 Ja:i 20 173 Mch 6
14212 Mch’'5
Connecticut River— 100 267 Jan 15 275 MchlO
Fitchburg, pref______100 130 Mayll 130 Feb 5
75 Jan 6 91*8 J’nolO
Ga Ry & Electric___ 100
79 Jan 14 86 Feb 18
Do pref__________100
195>4 Jan i..
III4 Jan 12 15 Feb 16
Mass Electric Cos___ 100
581- Jan 15 73*4 Mch27
N Y N H & Hartford. 100 157 Jan 21 1731- J’no 9
147 Men 2o
209 Mch 13
Old Colony_________ 100 194 Jan 6 200*8 Jan >8
26 Apr 27 40 J’ne 6
9014 Mch 2 1131? J’ne 4
97*2 Apr 5 103 J’no 9
Union Pnrifle_______ 100 xl727s Feb 20 195 .J’lie 10
931- Mch 2 U8is J’ne*)

Range for P-cvious Ycat
11908)
Lowest

Highest

67-g Feb 10U, Deo
8312 Mch 104i.j Dec
1811- Jan 230 Deo
12H- Dee 140 Jan
200*4 Feb 228 Deo
111 Oct 140 Jan
284 .Jail
9 Mch
45 Jan
81? Nov
471- Dec
102 Jail
163 Dec
117 Jan
0 / Apr
81 Oct
8*4 Jan
40 Jan
128 Jan
140 Jne
200 Apr
176 Jan
b Jan
70 Feb
88% Jan
110'2 Mch
7834 Apr

oO1 Nov
13 Alch
68 NoV
17 Jan
601- Jan
161*4 Dec
1201- Deo
263 Deo
133 Nov
86 Dec
85 Dec
193 x\ov
133.i Nov
64 Nov
161 Nov
145 Apr
205 Feb
196% Dec
34 Dec
05 Dec
102 Dec
186-s Nov
97-s Nov
161 Nov
911- Sep
j 10 Deo
140 Men

♦___ 19812 19812 19812 *19812 200 __ _ ___ 198*2 198*2 *1963.,
_ 21
__ _ ___
___
39
39
38
40
-_
93
112 112 *109 113 *109 112 *109 113 *109 110
10
102
102
102
102
103
*1011.1 102
103
103 103
103
138
103
19134 19238 19.0*4 19114 190*4 191
190*2 1931S 193-8 195 193*2 19413 4,173
973S 973s 96*8 96n8 ♦9678 97*s *97*8 9S1, *97*4 98'4 981g 98*8
74
172 172
172 172 ♦172
92
92
*92 ___ +92’
76 Jan
92*8 927S *92
93
9214 93
32 West End St*.............50
88 Jan 2 98% Apr 23
93
107 107 *___ 107 ♦___ 107 *___ 107 ♦-- ,
90 Jan
107 107
52 Do pref__________ 50
105 May20 ) 12 Apr 27
107
Last Sale 146 May’09
Wore Nash & Roch-.lOO 144 Mch 12 146 Mayl9 138 J'ly
35 Nov
437S 45
13 Jan
43*s 44
43*4 44*4 43l2 437s 437a 441? 433, 44
3,312 Amer Agrlcul Chem._100 33*4 Jan 2 45 J’ne 7
100 100
9978 100
100 101
101 10U- 100*2 101
77 Mel,
94 Jan 18 101*2 J’ne 9
100*2 101
1,048 Do pref__________ 100
4
Feb
9/3
Feb
23
8I4 8i2
8*4 83S
81.1 8*8
8*4 8*4
8*4 834
Amer
Pneu
Service..
60
838
6»sJan
20
2,179
8*2
2& Buu
1834 19
19
19
18*2 18*4 181., 18*2 19
20
91- Feb
13 Jan 13 2034 Mch 13
1912 20
1,909 Do pref__________ 50
132 13212 13134 1321, 132 133
13212 133l4 132*4 133
99*4 Jan 137’,; Nov
132
1321- 1,685 Amer Sugar Hettu__ 100 126*8 Feb 24 130 Apr 8
132
Nov
12634 127
127 127
131
Apr
1
j
126*8 127
106
Feb
126*4 126*2 125*8 126*4 125
125
J’n
ell
Do
pref__________
100
1,008
125*2
140 14012 14018 1121s 1403, 14158 140*8 14184 141*2 1421- 1421, 14278 19.293 Amer Telep & Teleg-_100 125*4 Feb t 142*8 J’n oll
99 Jan
But/
*36
36
37
16 Jan
36*2 36l2 *35*2 3612 363, 37
37
3712 37
355 American Woolen___ 100
27*2 Feb 1 37*- May 8
10634 107
106*4 1063, 107 107*- 107
773j Feb
106H IO6I2 1061- 107
Do pref__________ 100
93*- Jan 15 103 J’n c ll
1,704
108
4l2 Dec
7 J’n ell
*513 5*2
3 Jan
*412 5
3-34 Apr l
5*2 7
5*2 6*2 *5*4 6»2
7
1,205 Boston L and.. _____ 10
7
136 136
96*2 .Jan
*13512 ___ 13614 130*4 136 130 *135*2 136
136
120 Oumb Telep & Teleg.100 125 Jan 26 138 May 17
136
1434
Jan
46ig
J’ne
It
*39
40
40
40*4
431?
43*2
44*2
46*s
18*2
Jan
H
40*8 40*8
43*2 433, 1,525 Dominion Iron & Steel..
12I2 123, 1212 1284 1212 12*8 12*s 137, 13*2 1334 13*2 1334 10,930 Cast Boston Land___ __
4*4 Moll
7 Jan 4 1378 J ’no 9
24712 24712 24712 248
247*2 247*2 *C__ 247*2 *___ 2471- 247*2 248
139 Edison Elec Ilium__ 100 245 Jan 2 200 Apr , 201 Mch 263
159*4 1593, 159*4 160 160*2 163
161 161
160 I 6OI4 1593, 160
287 General Electric_____100 1503s Feb 24 103 J’n ell 111 Jan
64
49 Met) GO Dec
6412 64
6412 64I2 6 II4 6414 64*4 04I4 64
64
750 MassachusettsGasCos 100 59 Jan 5 67I2 Apr 12
64
91*4 90*2 91*2 90*2 91*4
77 Jan
♦91
0112 9112 9U? 91U 91*2 91
Do prof__________ 100 89 Jan 5 97 Apr 2o
380
207
207
192
Apr 215 Nov
208 209
207*2 2077, *205
209
2081, 209
132 Mergenthalcr Lino__ 100 202*2 Mch 12 220 Feb 17
20713 Oct
*234 3
*234 3
*23, 3
*23, 3
1 Mcli
3 Meli 29
Last Sale 3
Mav'09
Mexican Telephone.. 10
2 Jan 5
98
J’n
ol,
S8
88
89
98
40
Mch
87
100
8514 86
S6I2 861? 86
96
419
N
E
Cotton
Yarn___
68
Apr
24
98
107 107
105 107
107 107
107*4 110
75 Mcli
105 105
108
124 Do pref__________ 100
108
93 Jan 2 110 J’ne 10
133 133*, 133
133 1331? 133 133i2 133 133*2 *133 134
200 N E Telephone______100 120*4 Jan 5 135 Mch 11 105 Jan 128 Nov
133
61l2 J’ne
* . . . 103 *100 103 *100 103 *100 ___
Last Sale 100 Mav’09
Pacific Coast Power.. 100 76 Feb 0 100 May27
188 188
186 188
188 188
189 189
189 190
189
338 Pullman Co.............. .100 468 Jan 30 192 May22 147 Jan 17412 Nov
189
101- Nov
9 Apr
*1012 ___ *11 ___
*10l2
1012 1012 *10*2
934 Jan 11 11*2 J’nell
110 Reece Button-Hole.. 10
11*2 11*2
88*2 Jail 108*2 J’ly
11013 11012 IIOI4 1107s 110*2 llO^s 110*2 110*8 xl083.i 109
1,450 Swift & Co.................. 100 100 Jan 9 110*8 J’no /
109
110
24 Oct
23
*21*- 221- *2H- 22f22
23
23
23
*21
20 Jan
22 *21
37 Torrlngton, Class A .. 2» 2012 May21 23*? Jan 4
*26
*25
26
26
26
26
26*2 26
*25
26
23 May 26>2 Deo
27
25 Do pref__________ 25 24*4 Jan 20 27 J’n ell
2f
21? Jan
1*8
2 Apr 2
100
139*2 140
139*8 140
139*2 1393, 139*2 140
13912 140
139 140
486 United Fruit________ 100 126*2 Jan 13 140 J’no 6 114i2 Jan 148 J’ly
62as Nov
6034 6U4 60*s 61
6OI4 613, 6O4 6078 60*2 603,, 60
38*2 Jan
60*2 4,667 Un Shoe Mach Corp_25 x54 MchlO 06*4 Jan I4
30 Nov
28*-Jan 11 S034 Mch t
301, 30*2 89*2 30
30IS 30*8 30*4
30
30ls 30
24*8 Jan
540 Do pref__________ 25
301s 30
6884 Nov
68ls 67*8 681, x6t-s C6*s 66-8 075, 6678 67*2 25,494 U S Steel Corp______100
41J4 Feb 24 6938 J’no 3
26 Jan
671s 683, 67
12434 126*8 125 1251? 1241., 124-4 124*2 1257. 124*- 124*2 1.313
87*2 Jan 114 Nov
12512 127
Do pref__________ 100 307 Feb 23 128 J’ne 3
12
9*2 Nov
1134 1134 12
IU4 1U4 *11
01* Jan 11 1234 May 6
*11
4 Feb
11
11*2 *11
444 West 'Telep & Teieg-.IOQ
113,
88 *37
88 *87
80*4 Dec
*88 ___ *87
8714 88
88
,’ 6 Mch 3 88*2 Mayl4
69 Jan
86
69 Do pref__________ 100
88
Alining
8
*8
1214 Aug
71- Feb 1 10*2 May28
8i4 8I4
8l2 884
8
83g 812
1*2 Feb
834
689 Adventure Con______25
8*4
8*4
41
41
40
4 U2 Nov
40 *40
42*2 40
31 Jan 29 4514 J’n o ll
24 Apr
421- 4212 44*4 438s 45*4 2,030 Allouez_____________ 25
86
88*g Nov
8714 847, 86*8 85% 86*., 8512 863s 29,955 Amalgamated Copper 100 65 Feb 26 88*8 J’no 0
45 Feb
8612 881S 8OI2 88
273
4
1
'
cb
9
2534
203,
Jail
30 J’ne
2618 25*2 26
25*2 261., 20
261- 26
2512 26U
263, 4,582 Am Zinc Lead & Sm. . 25 23 Mch 27
28 Feb
63 Nov
381g Feb 26 61-s J’no 4
412 4*s
0 Maylo
3 Deo
6 Jan
5
5I4 *4*2 514
5
5
21- Jan 30
5
518
5
5
1,125 Arcadian___________ 25
405s
Dec
42*4
46*4
May
8
14 Jan
413, 42U 4212
42*8 43
42*8 4212 42*4 4212 421? 421- 1,656 Arizona Commercial.. 25 30 Feb 26
*3.
1 Feb 17
.90 AUg
.40 Feb
1
*3, 1
1
1
45 Feb 17
Last Sale
Arnold_____________ 25
18
Jan
2
8
Apr
191Nov
9
9*4
10
9
J’ne
3
912
912
10
10
938 9*8
9*4
9%
958 1.455 Atlantic ___________ 25
.75 Nov
.50 .60
.60 .65 *.55 .60
* .45 .60 * .50 .60
.50
3,000 Bonanza (Dev Co)__ 10 .45 Feb 10 .80 May 7 .25 Oct
.50
18*8 Nov
IOC, Apr
153, 153, 16
1578 157, 158, 16*s 1,871 BostonCon C&G (rets) £1 l()3.i Mch 15 17*4 May 8
16*8 16
161, 153, 16
22%
Jan
2
11*4
Apr
25 Nov
19
173«
Feb
20
19
*183,
191,
183, 19
191,
183,
183,
1913
183, 183;
605 Dos&CorbCop&SilMg E
161- Jan
213g Feb 24 28 May 8
27
271, 2612 27
8,406 Butte Coalition______15
2673 20/s 26-8 2634 26*s 273, 26*2 27
119 Jan 4
93 Feb 130 Aug
108 10912 108*2 109
10612 110
104 10412 10312 106
108*2 109*4 1,506 Calumet & Arizona.. 10 9oU May 3 080
Jan 4 l565 Mcli 700 Jan
672*2 675 675 6771? 675 677*- 675 675
685 Feb 26
665 675 670 670
89 Calumet & Hecla___ 25
3634 Nov
21 Feb
343, 35
29 Feb 1 35*4 J’n c ll
34*2 34
35*8 333, 35*4 2,072 Centennial................ 25
33U 3334 33*2 3312 34
.20 .20 u
.20 J’ne 8 .35 -an 15 .25 Mch
.20
♦___ .20 *___ .20
.20 .20 *.20
1,000
65>g Feb
83<s Nov
82*4 831? 83*4 841- 83*2 83*2 7,035 Copper Range Con Co 100 68*2 Feb 20 841- J’ne 10
8 H2 81*8 SU2 83
8 H4 82
7 Jan
11*8 Nov
*7*2 8
7*2 May28
7*2 71?
73, 73,
8
270 Daly-West.................. 20
7*4 8
*7>2 8
8
A pi 2U
10 Deo
1412 14
71- Feb 1
14
IBs 14
14
14*4 14
13*3 141s 14
14lg 6,223 East Butte Cop M in.. 10
99 Mch
23, Nov
112 Apr 17
100 Elm River__________ 12
*17g 2ls *178 3'8 *178 2*8 *1*8 2>S
l r’S 158 *1*2'
6*2 Apr
101- Nov
11
13 Feb 25 18i2
163., IS*., 1734 18*- 12,369 Franklin___________ 25
17
1618 16*4 10*4 10l2 16*2 161- 16
8*2
May
8
712
May28
734 73,
7*2 7*2
7*2 71?
7*2 7*4
7*2 7*2
7*2
7*2 2,675 Giroux Consolidated. 5
80 Jan 110 J’ly
105 1001,8 106 1001., 106 106
*105 107
106 106 *105
145 Granby Consolidated .100 90 Feb 20 l234Jan 2
100
6*8 Jan
0 Feb 26
13% Aug
1012 105s 10*- 1058 10*2 105g 4,548 Greene Cananea____ 20
10*3 10*s 1034 107s 10*s 11
1.J1 J lie 10
* l i 1> 12
12
331.)
Feb
I.
1734 Feb
273j 2^3., 28*4 281? 28*2 29
2014 Jan
28
28% 28
28
28*4 2812 2,737 Isle Royale (Copper). 25 22tg Apr 27
8i *May 12
71- Apr 30
*7To
77q
8
8
7*4 73,
731 778
8's
73,
10 “ Jan 30 20Vi J'no 41 JO Sep
2414 Deo'
251- 26*4 25*8 253, 25 4 25
25*2 253, 251, 25*4 4,222 Lake Copper________25
2512 26
12*4 Jan
14
13
13 Jan 30 103.| Feb 10
171.1 Jan
137S 137, 14
14
13*8 133, 13*2 133, 13*2 13*2 1,105 La Salle Copper____ 25
03, 10
414 Mch 18 I814 May28
83S Aug
914 9*8
2*4 Mch
10
9*8 912
91- 10*4 10,726 Mass Ccmsol_________ 25
914 10
9
.
0
b
Men
3
.25 Jan
.75 J'ly
Last Sale .50 Mav’09
* .50 .60 + .50 .60 * .50 .60 * .60 .60
Mayllower.............. .. 25 .30 Apr 29
6I4 MaylO
47s 61,
3t- Dec
8 Jan
3*2 Apr 16
5
6
473
5
4*g
1,025 Mexico Cons M & S .. 10
5's
10 Mayl2
83.i Sep
15
15
15
1512 Deo
161, 15
15
1514 I 5I4 15*8 10*8 15
15 2,200 Miami Copper_______ 5 1234 Feb 26 13*4
Mcll 4
934 May26
7*4 Feb
151? Nov
101, 1012 1014 101, IOI4 101- *10U 11
11
11
11
115 Michigan___________ 25
11
70*s Jan 8
67
67
73 Nov
68
67
67
45 Feb
67
68
08
67*? 671897 Mohawk____ _____ _ 25 59 Feb 1 40
65*2 07
Apr 0
2 Dec
Last Sale .25 Mav’09
Ds Jan
*.25 .30 * .25 .30 * .25 .30 * .25 .30
Montana Consol C & C 10 19 Feb 11
2034 Nov
83SJan
2212 223S 2212 223, 221.1 223, 22*2 223, 223, 223., 227S 227,8 2,180 Nevada Consolidated. 5 161- Feb 26 2334 May20
6
Jan
4
is,
J’nolO
8
Alay
2
438
Oct
2
Ml
17,
2
1*4
2
1,270
1*4
21-16
Newhouse
Mines
&
S.
10
2l4 211*3
,8934 Nov
4034 Feb
32,345 North Butte________ 15 621- Apr 27 86*4 Jiiii 2
561, 5678 5612 57
56*4 613, 60*2 63*8 61*4 62-s 691,
O7o
10
934 97,
41- M0 I112 10*4 Mayl2
101g
.48 “ Apr 20 .05 May 4 .50 Jan
i J’ly
* .60
Last Sale .60 Mav’09
* .60“
* .60
*.80
Old Colony_________ 25
5534 5G1? 56
60*2 Deo
4711 Feb 24 58*4 Jan 2
54
28 Jan
551- 55*2 57*2 55*2 56'
55>2 55
56*4 4,329 Old Dominion_______25
140 140 ♦185
122 Feb 26 140 J'no 8
139 139
305 O sceola____________ 25
77 Feb 135*2 Deo
137 137
1363, 138
137 140
140
357, 30*4 357, 357g 1,580 Parrott (Silver & Cop) 10 26 Feb 1 36I4 J’ne 10
3Hs Deo
101- Jan
35
351? 3512 ?8
35<2 351? 343, 35
92
93
92U §3
93
93
94
94
236 Quincy......................
77 Feb 100 Aug
93
25 85 Feb l 99 Jan 4
93
*9012 93
338 NOV
27g Ja < 3
2 Feb 25
212 21- *2*» 23,
23, 1,065 Santa Fe (Gold & Cop) 10
Es Apr
*212 23,
2<2 2*2 *212 23, *212
163., 17
163, 1634 5,350 Shannon___________ 10 131- Feb 26 1778Jan 4
19*4 Nov
16
934 Feb
161- 1612 16*8 16*2 17
16*4 17
42
41
361- Nov
4114 4112 4112 4112 413, 40
413, 43 2,556 Superior___________ _ 25 34 Jan 6 40U Mch 1
4012 41
14 Apr
14 Mch24 18L May28
17
17
16>2 17
1012 16*4 16*2 16*2 16*2 103, 161- ] 631 1,958
1414 143g 14IS h i .
20*8 NOV
14
14*s 14', 14*2 1412 14*2 1414 1412 2.9S0 Superlor&Pitts Copp. 10 12*8 Apr 27 17*s Jan 2
14*8 Oct
*72
73
73 *73
73
*7212 73
*74
76
60 Apr 27 90 Feb 25
*74
10 Tamarack__________ 25
75
60 Mch 88 NOV
75
26 Aug
1312 131? 13
12ig Feb
13
13
13*4 12*4 123.| 12*2 13
12*2 123, 2,090 Trinity........................ 25 12 Feb 1» 17.3s Jan 23
934 93, 1073 11*2 10*4 10*4 +10
101? NOV
gl2 J’no 2 10i,i Jan 8
1012 *1012 11
103,8
245 United Copper______100
43g Mcli
34
8412 341, 34*4 1,416 United StatesCoal&OU 25 28 Jan 12 341- J’ ne 1C
341s 34
34
9 Mch 30»4 Nov
33
331? 33U 331, 34
60
50*s 50
50', 493, 50
60*8 50
497g 50 7,349 U S Smelt Ref & Min. 50 39 Feb 25 5078 May24
28 Mob 407g Noy
501? 50
47 NoV
49lj 4934 4912 4934 49*8 493, 49*2 493, 49*2 493, 49% 4934 4,457
44 Jan 8 50 May24
37 Feb
Do pref__________ 50
7 Nor
5
*47, 5i.|
5
5
5
5
5
(>*4 Jan 26
43* Sep
5
1,044 Utah-Apcx Mining__ 5
5 Apr 29
5
5
60 AUg
43
43
43
291? Jan
431? 431, 44
4,688 Utah Consolidated__ 5 3714 Feb 24 403s Jan 2
43*4 44*s 4412 45*- 441- 45
53
53
5212 63 *5 12 621- *513, 521, 523.,. 523, 521", 52*.,
206 Utah Copper Co____ 10
287g May 53 Noy
393) Feb 26 63 May 8
6 NO^
*5
oi 2 *5
4*3 45s *43,
212 Apr
5
5
3»sjan 6
512
23(1 Victoria____________ 25
43, 43,
512 May 6
5
<734NO^
* 53, 6
6^4 61,
0
6
6
6
41- Jan
(84 Apr 30
6
6
6
43C W inona____________ 25
01- Jan 2
6
Noi
148 148 *148 150
150 150
149 150
150 150
150
18£ Wolverine__________ 25
150
139 Mch 1H 162 Jan 2 115*2 Jan 156
38# Oot
33S 3*2
33s 33s
3*8 3*4
850 Wyandot __________ 25
4 Jan 16 .50 Mav
3t2 3*2 *33, 3*8
2*4 Apr 23
3*4
3’s
c Belore pay’t of assess’ts called m 1803. ' Bid and asked prices, ti New stock, e Ass't paid, b Ex-stock dlv. 7i Kx-rlght«. a Ex-dlv. and rights.




J u k e 12 1909.1
H U M )»
BOSTON STOCK EXOH’ GE
W eek Ending J une 11
Am Telep * Tel coll tr 4s.192!) J-J
Convertible 4s____ ___ 1933 M-S
Am VV'rit Paper 1st s tbs v 1919 J-J
Ariz Com Cop 1st conv Gs 1918 M -S
A toil Top A S Fegen g 4s.. 19SI5 A-O
Adjustment g 4s
J ’ly 1995 Nov
Stamped.............J’ly 1995 M-N
50-year couv 4s.......... 1955 J-D
10-year couv 5s ......... 1917 J-D
Atl Quit A W XSS lanes 5s.’59 J-J
SostonElect L consoi 5 s. 1924 M -S
B oston* Towel 1 4s......... 1910
J
Boston tx Maine 4 4 s........1944
J
Boston Terminal 1813 *28.1947 F-A
Bur * Mo Xliv ex Gs___;..X918 J-J
Non-exempt Gs..............1918 J-J
Sinking fund 4 s............ 1910
J
Butte A Boston 1st Gs. ..1917 A-O
Cedar Rap * Mo R 1st 7s.l91G M-N
9d 7 s .............................. 1909
D
Cent Vertnt 1st g4s..Mayl920 q-v
0 B A Cl Iowa Div 1st 58.1919 A-O
Iowa Div ist 4 s ............ 1919 A-O
Debenture 6 s.................19111 M-N
Denver Exton 4 s .....I "l9 2 2 F-A
Nebraska Exten 4 s ...... 1927 M-N
B A S W s t 4s............... 1921 M-S
Illinois Div 3*as............ 1!»49 J-J
Joint bonds See Gt Northern
Ohio jc R y * stk Yus 68.1915 j - j
Coll trust refunding gisPJlU A-0
Oh Mil A St P Dub D 6s.. 1920 J - J
Oh M * St X’ Wls V div Gsl.920 J - J
Ohic a No Allen 1st gu 6s.l93r m-n
Ohio A W Midi gen 6 s___1921 J-D
Concord A Mont cons 4s..1920 J-D
Conn * Pass R 1st g 4s...194 . A-o
Current River 1st 6s.........192 A-O
DetGr R a p * \V 1st 4s... 1246 n-o
Dominion Coal 1st s t 68..1U40 M-N
Fit on burg 4 s .................... 1916 M-6
4 s ................................... 1927 »1-S
Fremt Elk A Mo V 1st Os.,1933 A-O
Unstamped 1st Gs......... 1933 A-O
Gt Nor O B A Q coll tr 4s 1921 J-J
, Registered 4s................. 1921 Q-J

Boston Bond .Record
Price
Friday
June 1 1
Rid
95
105

ST*

Week’ s
Range or
Last Sale

ASS Low

p
/(

Sale
95
Salt 103*8

A.

95->»w 1 0 ]
4:
105

Range
Since
January 1
Low High

91*.i
92*i
___
83
83
190
) . . . . 130
1(H)78 lo i i4 100*4 J’ne’O
. 10 0
y ___
93
95
93 “
0 2 *8
93
95
93*8
> . .. 102Hi
114 *a . . . . .
i . . . . 107*8
70 Sale 69
70 14b 5 9
___
110
. . . . 100*4

104
102

90*4
1 00
83
1 90
IO H 4
94 sa
1>4 *o
1 0 9 7g
114*1
72
100*4

i ....
....

Sep ’0:'

....

9 9*2

9 9 *i

1491

RON US
BObTON STOCK EXCH’GE
W eek Endino J unk 11

Price
Friday
June 1 1

Illinois Steel deben 5s__ 1910 J-J
Non-convertdeben 5s.'*1913 A-O
la Falls *Sioux Cist 7s.. 1917 A -O
Kan C Clin * bur 1st 5s...1925 A-O
Kan C Ft b * Gulf ext 5s.. 1911 J-D
Kan C Ft Scott * M 6s. ...1928 M-N
Kan C M * B gen 4s......... 1934 M-S
Assented income 5s...... 1934 M-S
Kan C * M Ity * Br 1st 5sl920 A-O
Maine Cent cons 1st 7s...1912 A-O
Cons 1st 4 s ...............
1912 A-O
Mara Hough * Out tst 68.1925 A-O
Mass Gas 4*28 (reots)...... 1929
Alexicnn Central cons 4s' 191] j - J
1st cons me 8 s.........Jan 1939 J’ly
2d cons inc 3s......... Jan 1939
. Deli Teleplst 5s.............. 1917 ■J'-’J
Alinne Gen Elec con g 5s 1929 J-J

Week's
Range or
Last Sale

Bid
....... 101
........10l»f
a

s

h

Low

35

P

Range e
Since 1
January l

High So Low High
iuo*i 106*4
‘ 00*8 101 *^

100*4 Mar’02
101 *4 May’01

90*i May’09
94
V0*4
100*2 Jan ’OS'
100*2 101
i Y i f i'20 " 119 HiJ’ne'09
l l 6 *i I 20 Ht
93 ........ 93
93
90
9S
89*4........ sy*4
90
8 80*2 90
103*i Apr’O .... 103*2 103*4
113*8 Nov’OO
..................
101*4 Sep ’ 05
90*i Sale 99*2
99*, 27
80 Mar’09
................. 1110 Apr’0t> . . . .
1|15*4 Apr’O- .. . .

98*i 997*
84*b 86

.................
102 Hi Aug’ 04
i'04H, i04*i 104*i
6 102*8 104*4
A-O
102 Feb’ 09
102 102
89
81
90
...................... ....'...‘ 191G A-O
lew England cons g 5s...1945 J-J ................. 100 Hi sep ’08 ::::
Boston Term 1st 4s...... 1939 A-O
100*8 100*8
100 .
1 Y U H * H con dob 3 *281956 J-J
____
99*4:
................. 107 *6 May’OO
91) "8 1 00
"97=8 ib'77J
Couv
deb
Gs
till
1’ I/\
■.«- .—
-.1.4(citfs
. )........194^
4f . J-J
138 J’ne’09
102 J
. . . . 101*2 102
134 138
F-A
101 A pr’09
___
10
L 101
98®8 9
J-D
1,96*1 J’ly ’08
91*8 92
F-A
11H7# Mar’09
i i 8 7e i"l9*i
J-J
105 D ec'08
102°8 103 102*8 102 B) si 102 103*4
s -V r
« ei* i'gs.iP 4 i J-J
107 *2 Nov’ 05
92 *2......
...
il l
94
Rutlnnd-Canailian 1st 4s 1949 J-J ................. 102
Mat ’02
. . . . 118*4 118*4
J-J
.1930 F-A ........107 Hi 106 Mayou
i05*s I06*i
102 Hi......
ii/i
1 0 2 H; ’
J -J
97 Apr’07
104 DIG
102
1 00
M-S ................. 99 Hi Nov’Ob
91 Dee’07
.......................
....---------- •••«*>* si
J-J
L02°8 Apr’09
112*4 Jan ’03
162*4 i 6'3 *i
20-year conv 4s..............1927 J-J
I07*i May’OO
90 Feb ’09
*0 - 68 107Q
“l i o
(F if
J-J
90*2
SaI
6
90*i
90*, *18 95*» 97
92 *a bale 92*2
91 .
i
87
9 2 Hi
M-N
140
141
18 120 141
91 Nov’08
....................... T
-U
-N
00 J’ne’OH
103 *8 Apt '05
102*4 106
6: . . . .
« y “is ___
F-A
OUHi Apr’09
96 Apr'Or
100*2 100*1
Gold 4*28........................ ..
M-S
I01*i J’nc’ 09
133 Mar’09
100*4 102 m
i 33** i ’3’ 3 ' '
Gold debenture 4s......... 1910 M-N
00 *2 Apr’09
140 Apr’06
1O0H) 1001,
Gold 4 s .........................1917 F-A
100®8
Apr’09
97*2 98
97*2
98
100‘s lOOea
3b 9 7 *-i 9 9
\
*09"
J
-J
99
09
07 *4
96
99 u
”
4
983s May’OO . . . . 97*8 98Hi
J-J
95 *6 Apr’09
93 7s 95 ^
N ote Buyer pays accrued interest la addition to the purchase price tor all Boston Bonds. « No price Friday ■ latest bid and asked
100 J'ne’O . . . .
117 J’ue’O ___
11*8 J’ly ’0
Sale 89
60
1
Vil or O ct’o
100*8 Alar’Oi\___

F-A

104

F la t p r ic e

Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, W eekly Yearly
Share Price*—Not For Com mu Prion*
Saturday
June 5

Monday
June 7

Tuesday
June 8

Wednesday
June 9

i hursaay
June 1U

trutay
June l l

Range Since
Jan l iyoy

Sales
ACTIVE STOCKS
ot tht
Week ( For Ronds and Inactive
Stocks see below)
Shares

Range tor Previous
Year ( i y 08 )

Highest

Lowest

Highest

42*2 May I
89 Maylb
111 Jan lo
21 May 18
41 May 17
12*2 Apr lb

20 Jan
05 Mar
80 Jan
4 Feb
10 Feb
10 Jan

30 DeO
81H, Deo
102 Deo
15 Deo
26 Deo
12 Nor

Philadelphia
45*4 45*4 *15*2..
45Hj 45*v
*45*2....
434 American Railways.... 50 45 Jan 4 46*4 Feb 1145*2 45*4 *45*2 45*4
41
42*t
42*8 42*4
41*8 41*2 40*4 41
41*8 42*4 4l*a 42 14,747 Cambria Steel.............. 50 32 7g Feb23 43*«J’ne 3
12 4 12 H 12*2 12*2 12*a 12
12 H> 12*4
970
*12*8
12«e
12«,
Electric Co of America 10 .ulu7g Jan 20 12*4 MarJo
* 12*8
*22
23
22 7s 22 *.
22*2 22*2 21 *, 22
207s 22
20
1,732 Gon Asphalt tr etts__ 100 15 *2 Jan : 25*4
21
04*4 04«, *64
Feb 19
G5
04
04 H, *03 Hi 04*2 02*4 64
03*4 03*2 1,800
Do p rettretfs___ 100 53 Jan 6 00*8 Keb 19
*28*4 28*8
28
28
27*2 28
27
27*.
27
*2
27*2
27
739
27*4
Lake Superior Corp__ 100 14*4 Jan 5 33 7s May 8
103*2 103*-. 104 104
104 1U5
104 1U4 *2 104 104
104 104
471 Lonigh C A Nav tr ctfs. 60 90 Jan 6
80*8 8 1 ‘t
60*2 81*4
80
80*4 79*4 80
80
80
80*4 80*, 8,939 Lehigh Valley.............. 60 07 Feb23 111*4 Apr29
81*4J’ne 7
MarsdenOo................... loo
1 *2 May 6 2 *s Jan 12
68 78 Go 08**18 08H 68*8 G8*,
63*8 08*4
08*8
08*4 08*4 1,508 Pennsylvania R R ........ 50 63*8 Feb 24 'i9u ie May 4
41*4 41*4
41 “y 42
41*2 41*2 ♦41*4 42*4
4
1
*4
4
1
*4
*41*4
330
Philadelp’aCo
(Pittso).
50
42*4
40*a Feb 24 43*a .May 4
•11*8 12
11*4 l l 7,
11 “s 11*4 11*8 11*4
11*8 11 *4
11 *8 11*4 3.080 Philadelphia Electric!. 26 11*4 Fob23 12<H,MayD
32*8 33*4
32
33
29*4 82
25*4 29
20
20 \ 20 ‘2 28Bg 101,007 Phila Rapid Transit... 50 247
8Jan 5
' 78*4 788b 76*10 7U7ie 78*g 7J*i8 77®ia 78*ie 77*4
78*i« 7b*io 78 7» 28,907 Reading....................... o<j 69*2 Feb23 30*2 Api 28
79l6l« May2u
*46 ...
*45
40
*46
40
40
40
20
Do
1st
pref...........
60
44
Mar 3 40 Jan 2
*49
50
*50
60 *2
*60
52
Do 2dpief............. 50 45*i8 Mar :
Mayla
66*4 66 *,
56*4 57
65*s 50*4 * 5 1
63*4
62
62-',
62*4 63 H, 22,828 Union Traction........... 50 61 Jan 5 52
587aMay 4
88*4 ««*4
88*4 88*2 877s 8SH? 87*2 87*4
87Hi 87»e
87*8 83*2 10,050 United Gas Impt......... 50 84*8 Muyl3 94*2 Feb o
*33
Webjbaeh C o ................ 100 28 Mar 20 33 L
33*2
« May24|

42*4 Mai
207g Feb
8*2 Jan
3*s Jan
1978 Jan
3*8 Feb
78*4 Jan
52*8 Eel)
15ie Jan
54*18 Jan
34*2 Mai
5*2 Feb
41‘A*g J’ut
46*18 Fob
39 oan
37*2 Jan
*44 4 J’ue
73*8 Jan
25 J’ne

46*2 Nor
40 *2 Deo
11 *4 Deo
19*8 Deo
59*2 DeO
17 Deo
97*8 Deo
70*4 Deo
27a Apr
66ij8 Deo
44*4 Deo
12*8 Nov
25 Hi Deo
1**16 Deo
46 HiDeo
48 HiDeo
60*4 Apr
94*4 Deo
28 Nor

*35
42
88
88
88
88
107 107
lOGHi 106 H
106*2 100*2
*20*8 2,1
20*a 20*2 20*4 20*4 2 0 Ha 20*4 *20
21
20 *2 20*2
40
40
40
40
*38
40
*38
40
*37*2 40
*39
40
12 *4 *12
•12
1 2 *-. *12
12 H *12
12*2 ♦11*4 12*4 *12
12*2

Baltimore
Con. Gas EL L. A Ptrr.100
62
Do pref................. 100
22 Northern Central........ 50
460 boahoa.rd (new)............ 100
150
Do 2d pref............loo
United Ry A Electric.. 60

36 Mar 8
70 Mario
100 Jan _
11*4 Feb 25
22*4 Feb24
9*4 Fob

68*4

PHILADELPHIA
PHILADELPH IA
Inactive Stocks
Bonds
Allegheny Valprel__ 5b
JYices are all “ and
American Cement...... 69
Interest.”
Imer Pipe Mfg........lot;
At Val E ext 7s 1910 A-O
97*2
Sell Telephone (Pa). 100
Alt ALVElco 1Hjs’33.F.A
Jambrin Iron.............. 60
AmRyscouvOs 1911. J-D
Central Coal A Coke. 100
Atl City 1st 6s g ’ 19.M-N
JonsolTraoof N J ... 1U0 78
Berg* EBr w 1st Os’21 J-J
Diamond State Steel.. 10
Betlile Steel Os 1998.Q-F 117 i l s u
Preferred..................it*
Choc A Me 1st 5s 1949 J-J 113*6
Easton Con Electric 6.60
Ch O k * G gen os T9 J-J 105*2 100
Elec Storage Butt__ loo
Col St Ry 1st con 5s 1932
Preferred........... you
ConTracofNJ 1st 6s.’38 100‘i
ITt Wayne AW V...... 100
FI A A lS tM 6s 1920 M-N
Jormaulowii X’ass__ 60
Elec A Peo Tr stk tr ctfs 93
93*2
Indianapolis s t ......... loo
Eq
11 Gas-1,1st g 5s 1928
Indiana Union T r__ 10U
Indianapolis Ry 4s. 1933 86 Y
Insurance Co ot N A .. 10
22*2 Interstate 4s 1943 ..F-A
61
52
Inter bm Pow A Cliem.50
Lehigh Nav 4*28 ’ 14.Q-J
103*2
Keystone Telephono ..50
13',
RRs 4s g ...... 1914.Q-F
Preferred.................50
........
41
Gen M 4Hi8 g. 1924.Q-F 105*2
Keystone WatcliCase. 100
Dell V C 1st 6s g ’33..J-J
110*2
Lit Brothers............... 10
15*4
Roll V ext 4h 1st 1948. J-D ........
Little Schuylkill......... 50
2d 7s 1910............. M-S
103*,
Minehill A Schuyl 11..50 0*8
Consol Os 1923...... J-D
N Haven Iron A Steel.0
Annuity 6s........... J-D 148Hi .......
Northern Central....... 50
Gen cons 4s 2003.M-N 97*2 97*4
North Pennsylvania..50
Leh V Tran con 4s’35J-D 00 *, 00 *2
Pennsylvania salt...... 60 1o3*2
Now Con Gas 6s 1948 J-D
Pennsylvania steel..100
Newark Pass con 5s 1930
Preferred................100 109
NY Ph A No 1st4s ’39 J-J 100*2
43
44
?hlla Co (Pitts) prof...60
Income 4s 1939...M-N
152
?hll Gorman A Norris.50
NoOhioTrac conos’ X9.J-J
’ hila Traction.............50 92
92*2 Penn gen Os 1910 ...V at 102
lailways General...... 10
8
2*4
Consol 6s 1919...... Vai 109
Busqnon Iron * Steel..5
Ponn A Md Steel con Os. 108 *, ......
IMdowstor Steel......... 10
Pa A NY Can 5s ’39.A-O
Preferred..................io
Con 4s 1939...........A-O
Tonopah Mining of Nevl
7*6 71 Penn Steel lst6sT 7 M-N i-02 " .......
Union Tr ot lud........loo
I eople’s Tr tr certs 4s ’43
97 *,
united N J RR A o .. 100
264" P Co IstA col tr 5s’49 M-S 103 103*2
Unit Trao Pitts pref..50
ConA coltrOs 1061M-N
97
Warwick Ir o n * steel.lo
9* Phil Elec gold trust ctfs. 102 102*4
8*4
west Jersey ib Seabh.60
Trust certtfs 4s. . .
70
7Gl4
Westmoreland Coal....50
P A E gon .\1 6 g ’ 20. A-O
JVUkos Gas A K lee..loti ‘ o f
Gen 51 4s g 1920.. AAO
♦Bid and asked; no sales on this day. "| Ex-rights. ||tl7.50 paid. t $12 *4 pauL




PHILADELPHIA
Ph A Road 2d 6s ’33. A-O
Cou M 7s 1911...... J-D
Fix Imp M 4s g ’47.A-O
Terminal Os g 1941.Q-F
P W A B col tr 4s ’ 21.J.J
Portland Ry 1st Os 1930.
Koch RyA L cou 6s ’54J-J
Spanlsli Am lr Os ’27 JM
U Trac Iml gon 5bT 9.J-J
Un llys Tr ctfs 4s’ 49JAJ
United liys Inv 1st coll tr
sIOs 1920............. M-N
U Trac Pit gen 6s ’97 J J
Wolsbaeh s f 6s 1930.J-D
Wlks-B GAE cou5s’65J-J
BALTIM ORE
Inactive Stock*
Ala Coils CoalA Iron.100
P ref...................... 100
Atlanta A Charlotte..100
Atlan Coast L (Conu)lOO
Canton Co.................100
Cons Cot Duck Corp...60
Preferred.................50
Georgia Sou A Fla. ..100
1st pref.................. 100
2d pref....................100
G-B-S Brewing......... 100
Bonds
Prices are all " and
interest.”
Anacostia A Pot 5s........
Atl A Cli ext 4 *28 TO.J-J
Atlan C L RR4sl952M-S
Atl Coast L(Ct)ctfs 5s J -D
Ctrs o£ indebt 4s__ J-J
6-20 yr 4s 1925........J-J
BaltCPass lstO s’ l l M-N
Balt Fundg 5s. 1910 M-N
JCxchango 3 Has 1930 J-J
Balt A P 1st Os in 1T 1 A-O
Balt True 1st 6s..’29 M-N
No Balt Dtv 5s 1942 J-D
Cout’l Ry con5sl932 M-N
ExtA Imp 68.1932 M-S
Chas City Ry 1st 6s ’23 J-J

Rid

Ask

RALTI.IIDUK
8 iu.
Chas Ry G A El 6s ’99 M-S 91
93
Chari C A A ext 6s.’09 J-J
i'0' 2 ”
2d 7s..............1910 A-O
120 121
City A Sub 1st 6s..’22 J.D 108
City A Sub(Was)l8t6s’48 104*i 105
CoalA 1 Ry 1st 5s’ 20 F-A 102 103
99
Col AGruv l8t0s.1910 J-J 110
102 >, 102*2 Consol Gas Os... 1910 J-D 101*2 112
101*4
6s............... ...1939 J-D
111*4
........ 79H. GaA Ala 1st cou 5s ’45 J-J 111*2
105*i 100*4
GaCarAN ls t 5 s g ’29JJ 100*2 106
81*,
Georgia P 1st Os.. . ’22 J-J 112 115
GaSo A Fla 1st 5s 1945J-J 110 110*4
83*t
G-B-S Brew 3-4s 1951M-S
41
12
98
2d income 5s 1951 M-N
10
13
Knox v Trac 1st 5s ’28 A-O 100
LakeH El 1st gu5s’42M-S 110
Macon RyALtlst5s’53J-J
60
80
Mempins St 1st 5s’ 45 J-J
96
MetSt(Wasll)l8t5s’25FA l l o
291
Mt Ver Cot Duck 1st os.
82*4 82*4
93
NptNAO P 1st 5s’38 M-N
85
95
7*2
General 6s__ 1941 M-S
24*4
Norfolk St 1st 5s ’44..J-J 102*2 .........
30
North Cent4 Has 1920 A-O 104
93*i
b
Series A 5s 1920
J-J 112
70
Series B 6s 1920
J-J 112
l*v
Pitt Un Trac 6s 1997. J J 1U8 *2 109>i
Poto Val 1st 6s 1941..J-J 105
Sav Fla AW estSs’34 A-U 107
Seaboard A L 4s ] 950 A-O 80*6 85*4
103*1 104*4 Seab A Roan 5s 1920. J J 10S 108*4
100
South Bound 1st 6s..A-O 107 (08
90
96*2 UEl LAP lst4 *2S’29 M-N
93
94
106 108
UuRyA F :ilst4s’49 M-S 87
87*8
84H, 85
Income 4s 1949....... J-D 50*, 57
91
Funding 6s 1930...J-I)
80
80Q
101 102
VaMid 2d ser Os ’ll.M -S 101 *2
107 108
3d series Os 1916..M-S 107
100 100 H 4th ser 3-4-5s 1921.M-S 107
104
6th series 5s 1920.M-S 108 L09
110 112
Va (State) 3s new ’32.J-J
91
92
114 110
F'unddebt2-3s 1991.JM
92
92 4
110 113
West N C cou Os 1914 J-J 108 110
...... WesVaCAP lstOg’ l l J-J 102 S 103
i'oo"
Wil A Weld 5S..1935.J-J 113*2 111
t 4>13Hi panL !;B35paid. a Receipts. 6$25paid. c $30 paid. k$42>2paiil
A

s k

[V O L . L X X X V I I I .

THE CHRONICLE

1492

A sk
Industrial and Miscel
5
Clonsol Rubber Tire—10i . . .
20
Preferred ............... 10k 23
37
Debenture 4s 1951 A&O l 34
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
C
"21 ”
d a il y , w e e k l y and y e a r l y .
Coll tr 4s 1957 rctsj&.l
' e2“ list
C
95s
s
*
Railroad,
S tocks.
ePreforred________ lOu 7It. 7 ? 1
tfee.,
V . S.
State
Sl2
W e e k ending
Cv.mberland Ely Copper.5 * 8 3 g
Ferry Companies
B o n d s.
B on d s.
B on d s.
P a r value.
S hares.
126
J u n e 11 1909.
e Diamond Match Co-100 125
8r. 10C.
02
1
88
Dominion
Copper_____ 10
3 & N Y 1st 6 s 1911. J J
$4,092,000
$35,000
*72,927,300
769,948
Saturday __________
1
30 40
■'ouglas Copper_______ 5 *334 37S
N Y & E R Ferry stk .1 0 0
7,642,600
162.500
f con’y Lt & P (Joliet, 1U)
Monday___________ 1,116,598 99,953,550
50 00
1st 5s 1922...........M-N
7,362,500
129.500
96,483,750
US
94
Tuesday____ . . . . . . . 1,051,445 99,633,200
1st M s f g5sl956..T-D
N Y & Hob 5s May 46 J-D 96 98
209.500
5,661,000
1,058,642
Wodnesday . . . . . ----Hob Fy 1st 5s 1946M-N 107 103 1 leetrlo B o a t.._____100 620
70.000
***:::
806.191 83,856,600 i 6,430,500
75
0
U
S
Thursday...____ —
P
referred_
_
_____
ion
96
N Y & N J 5s 1940___ J-J
45.000
706.837 71,444,700 ; 4,738,000
1
Friday-----------------40 f lectnc Vehicle_____lou
10th & 23d Sts Ferry.101) 30
70
Preferred ________ ion
1st mtge 5s 1919..J-D 60
$711,500 . . . —
10
Total.................... 5.629,6611$524,304,100! $35,926,500
eUnlon Ferry s to ck ..100 24 251. i mpire S te e l..._____10 o
55 10
elst 5s 1920...........M-N 95 100 e Preferred_____...1 0 0 Stk
f. x list
J a n . 1 to J u n e 11.
W e e k ending J a n e IX.
S a lei at
73
67
e
Short-Term
Notes
N e w Y o r k Stock
1909.
1908.
1908.
^Preferred________ lou 102In 104
1909.
E x ch a n g e.
8
091.
(
*7
?s
991s
Clgser A 4s ' l l —M-S
80,580,802 Am
89,015,901
* ‘4
•is
1,667,363
8,629,661
Ser B 4s Mch 15 12.M S 98*4 987S (
Stocks— No. shares. *105S 107s
c
*8,142,190,975 $7,197,028,525 „.n Tel & Tel g 5s 10 J-J 1005g 101
Par value_______ 3524,304,100 $150,021,450
$119,000 Atlan Coast L 5s '10.M-S 101 IOU4 (
197 200
*13,100
$8,900
*1,000
Bank shares, par----1021
.
e
1021s
B o n d s.
91
$360,320 Ches&Ohto6s Jlyl’08'10J-J
Ref g 4s '52 op '12..J- I 89
5196,700
Government bonds. M-S / 65 700/
60
bo
19,536,700
56,002,000 ClnColHam&D4Hs
1 all Signal Co_______ 10u
3711,500 *1,165,000
95
tr
g
4s
19
13-.-J-J
State bonds....... - —
14
Tobacco C0 ..I O 1:
360,077,100
637,636,900
35,926,500 11,317,000
C C C & at L 5s. June 'll 10138 101&S iHavana
RR. and mlsc. bonds.
27
Preferred_________ 10C
Erie 6s. Apr 8 1011— A-O 90 101
09
71
1st
g
5s
June
1
'
22
-J-L
$657,370,300l
*416.448,420
$12,482,000
104
103l2
Total bonds........... t36.638.000
inter!) R T e C s lO U M-N
Mil
5s Mch 1910...........M-S 10012 1003, IHcoker-Jorics-Jewell
1st 6s 1922............. M-> 105 109
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
K C Ry & Light 6s 12 M- 5 100 1001. Her'g-Ha
46
35
11-Mar,
new
.loo
1
EXCHANGES.
Kan O So g 5s Apr '12.J-J 100 100*2 Hoboken
Land & ImplOJ
1
Lack Steel 5s g 1910.M-S 0JU 100
99
p5s 1010_________ M-N
1007s
101
.
Lake Sh & M S‘o 5s'10 F A
8
B osto n .
Oil____. . . . 1 0 0
P hiladelphia.
Lou & Nash g 5s '10.M-S lOH,s 101*2 ‘Houston
Preferred . . . . ____ 100 38
W e e k ending
Mex Cent 5s July 1 1910 10038 10034 Hudson
100
B on d
Listed
B on d
lou
Realty______
Unlisted
Unlisted
Listed
101
f
10U
7
8
J u n e 11 1909.
Mich Cent 53 19 10...F-A
65
shares.
sales.
sales.
com.lOo
shares.
shares.
shares.
Mlnu & St L g 5s '11.F-A 09d8 100 «clngersoll-Rand
^Preferred__ ____ 100 90
N Y Cent 5s 1010____F-A 1007. 101
105
12,185
$25,000
Internat’l
Bank’
gC
o.lO
i
13,404
$34,800
18,082
7.193
641.,
%
312% >
Saturday.................. 26,851
Y O Linos Enp 5s'10-27
Exc list
23,908
80.400
150,300 N
30,139
10,019
Monday....................
Y N H & H Gs TO-'H 10012 10212 Int'nl Mcr Mar S e e Stk
105 115
88,200
38,431
59,650 N
21,578
8,971
Tuesday__________ 49,328
Norf & West 5a 1910M-N IOII4 lOltjt IInternat’l N ic k e l...-100 84
87
126,200
60,381
10,111
72,900
17,306
Preferred
________
100
37,415
10118
101
Wednesday...............
Pa RR r»s Mch 15 '10 M
84
87
27,809
108,640
90,800
14,122
1st
g
5s
1932____A&O
7.193
Service Corp 5s S eo st HyThursday-------------- 42,261
18
15
52.400
31,939
74,000 Public
11,263
11,013
Salt___10
1
U938 997S international
St L & San F rg S s'll.J & J
Friday - ........... - — 33,383
62
/
60
1st
g
5s.
1951.........A
-c
971
2
,
96*2
12
8
194,653
107,9021
$480,840
$488,450
54,500
100.% 100V IInternatT Sliver___—lot)
Total .................. 207,323
87
Preferred _________100 83
Southern Hy Os 1S11.M-N 101 101*4
111
109
J-D
1st
fts
1948.............
10234
1031,
Tidewater 6s, 1913, guar
1 10034 10118 IInternal Smelt & Refg 100 US 122
O u ts id e
S e c u r it ie s
Jones &Laughltn Steel Co
1st 3 f g 5s 1939 ..M -N 101 10112
Railroad
Alt bond prices are now “ and interest" except where marked “ f . "
1
47*2 50
Lackawanna
Steel__ 100
1
Lanston
Monotype__ 20 *15it 1534
Atoh Top & Santa Fe—
Mtge Co____100 295 305
1
Street Railways
Hid
A sk
1 114*2 11S12 Lawyers'
Street Railways
cLeh & Wilkes-B Coal 50 100 110
Pub Serv Corp N J (Coni
N e w Y o r k C i t y 4ni
Lord & T a y lo r ...__ 100 100 105
3 1
1
Rapid Tran St Ry_100 245 ___
Deposited stock.
BleecU St & Ful Fstk-100 20 30
98 103
Preferred ________ loo
3
1st 5s 1921_____A-O 106 ___
1
80
e 1st mtge 4s 1950.J-.J
eLorlllard tP). pref— lou ul25 135
93
1
J
C
Hob
&
Paterson!
/
88
160
U
S
'
e B’ y & 7th Ave stk._100
Madison
So
Garden_
100
25
35
55
■
48
g
1949...........M-N
79
80
101
1 / 48
n 2d mtge 5s 1914..J-.J /100
2d 6s 1910........... ..M-N 50 100
So J Gas El&Trac.lOO 127 129
Con 5s 1943 See Stock Exc list
■
134
Manhattan
Transit__ .20
2*4
■
i
' *2*4" 26
Gu
g
5s
1953—
M-S
99
IC
O
10lb
105
B’way Surf 1st 53 gu 1924
Mitchell Mining______ 10 + 4c. 110
No Hud Co Ry6s’ 14 J-J 105 107
1 07*2
e Cent’l Crosst'n stk—100
Vlouougahela R Coal..50 <6
514
5s 1923_________ J-J 106 10S
e 1st mtge 6s 1922.M-N / 90 ‘ fob"
Preferred _________ 50 124
25
101U 101*2
Ext 5s 1924___ M-N 101 103
60
30
e Ccn Pk N & E R Stic 10
_
100
Mortgage
Bond
Co_
IX
3
*2
117*2
list
'
Pat
City
con
6s
'31
.J-D
118
___
;
tk
Ex
90
80
Nat Rys of Mexico—
Bank of Cuba__ 100
e Chr’t’ r & 10th St stlc 100
98 101
2d 6 s ..1914 opt A-O 100 ___ North'n Securities Stubs 137R 150 'Nat
Exc list
Nat’l Surety (new)..100 180 187>2
Col & 9 th Ave 5s SeeStoc
37 1
So Side El (Chic) S e e Ch icago Ust Pitts Bess & L E— .»---- 5 1 *35
*223., 23
Nevada
Cous’d
Coppcr-5
Dry D E B & B—
76
!
)
*70
96 99 Syracuse R T 58 4ft.M&S 1031- 106
Nov-Utah Min & Sin—10 *214 23S
e 1st gold 5s 1932—J-D
Trent P & H 5s 1943. J-D 95 100
53
e Scrip 5s 1914
- -F-A / 45
_
1
eNew Central C o a l ....20 40 53
Rys of St L—
Eighth Avenue stock-100 250 300 United
NY Air Brake 0s S e e Stcls Exe list
Com vot tr ctfs____100 2234 23 Seaboard Company—
100
e Scrip 6s 1914.. .F-A t 96
71 N Y Biscuit 6s lo ll.M -S 7 100
) 05
e Preferred-----------100 67
67*2
aNew York Dock—..100
35
e 42d & Gr St F*y stlc 100 200 260
list
'
t
Exc
Gen
4s
1934_
S e e Stock Exc list
WUI 00 4U. piui-oso *
^Preferred_______ .1 0 0
42d St M & St N Ave .100
78
81
(JnltRys SanFran S e e Stk Exc list 'Seaboard Air Lino—
e 1st mtge 6s 1910 M-S 97 109
9014 N Y Mtge & Security.100 196 200
5
99
Wash
Ry
&
El
Co—
..100
42
43
75
Coll
5s
ext
May
111
/
50
N Y Transportation— .2 0
2d Income 6s 1915.J-J
*4
5
list
t
Kxch
Preferred
...............
100
891.
91
list
Union Pacific 4s S ee
Inter-Met—Sec Stk Exch rage list
com . 100 100 103
j U73s 9734 Niles-Bein-Pond
4s 1951...................J-D / 37
88
Nlplsslug M in es...—..5 *10io 1034
Lex Av &PavF 5s See Stk Exc list
Exc
^Ontario Sliver_____ loo
Metropoi St Ry— See Stk
3l2 4*2
lias Securities
Industrial and Miscel
Ninth Avenue stock -100 159 170
Otis Elevator com___loo
60
57
N ew Y ork
28
Second Aveuue stock 100 15 10
Preferred _______ .1 0 0
08 100
94
)
03
Cent
UnGas
5s
g
’27.J&J
10112
102i2
a
93
e 1st mtge 5s 1900.M-N
Pittsburgh
Brewing_
_
50
*24
241*
170
j
105
Con
Gas
(N
Y
)
—
S
e
e
Stk
Exc
list
82
Consol 5s 1948 . . . -F-A / 78
Preferred . . . _____ .50 *42
43
J 113 118 Pittsburgh
Mutual Gas.___ ___ 100 141 ___
» Sixth Avenue stock-100 HO 120 «New
Coal.Sea Stk Exc list
r
Amsterdam
Gas—
85
60
Pope
,'ifgCooom(new)100
Sou Boulev 5s 1945—J-J
22
20
list
’
Exch
1st
consol
5s
1948_J-J
101
102
90
s f 58 1936— S e e Stock
So
Preferred (new)___ 100
So Fcr 1st 5s 1919. .A -n
73
78
NY&RRGas 1st 5s’44 J-J 101 105‘ American Book— — .10 J 117 156 Pratt
& Whltn p ref..loo
Third Avenue—Sea stock Exc list
95 105
116
)
112
Consol
5s
1945_____J-J
97
100
80
/
50
American
Brass_____10
Realty
Assoc
(Bklyn)
loo
Tarry VV P & M 5s 1928
*145
150
212
)
208
40
YkersStRRSs 1946 A-O 85 95 N Y & Richmond Gas 100 32
Bak Powd com loo 160 165
i) 102 105 Royal
Un 1st 5s 1927—M-N 97 29
Preferred_________loo 10 * 108
28th & 29 th Sts 1st 5s fih / 25 32 eNor
1) 10 ___ Safety
Standard Gas co m ..100 » 60 80
e Twenty-Third St stlc 100 200 250
Car Heat & L t.lou 120 132
___
J
30
e Preferred_______ 100 n 60
90
Preferred —
U ^ n V y l8 t 5 s l9 4 2 F-A 95 100
M ining... . . . . . 2 5 * 09*4
J 125 129 Seneca
1st 5s 1930............. M-N 100 105
80
Westchestlst5s 43 J-J 60
100 Singer Mfg Co______ .100 450 4*6*0*"
)
101
O th er C i t ie s
Standard
Cordage__ 100
B ro o k lyn
38
34
105
1) 95
Gas & Elec, co m .50 *38 37
1st M g Gs ‘31 red.A-O / 20
Atlan Ave 5 s 19°9— A-0 100 101 Am
23
>4
1) ___
Preferred_______ ___50 *441. 46i2
102
Adjust M 6s Apr 1 1931
4
Con 5s g 10 A1- - - — A tj 97
20
9
10
Amor
Light,
&
Tract-lOJ
196
"
198'
1st
preferred.
95 100
B B & W E 5s 1033.-A-O
4 Standard Coupler comloo ^ 25
35
9
2
P referred---- -------- 100 105 106
Preferred _______ .100
Brooklyn City stock
19 191 194 Bay
110
State G a s ..---------50
1
i 18 Am St Found new— S e e S tk Ex list Standard MlUlngCo_100
Con 5s— S e e StkExch Exe list
21
«
1»1
6s 1d35__________ A&O
t’n (N Y) Gas Wks
Preferred ________ 100 50 58
Bkn Hgts 1st 5s 1941A-O 07 100 Blngh’
Deb 4s 1923.........F&A 70 72
1st g 5s 1938------A&O ...............
1st 5s 1930...........M-N
Bkln Queens Co & bub— 97 102 Brooklyn
84
80
Un Gas— S e e St k Exc list American Surety_____50 214 217 Standard Oil of N J_1UU 675
fllst g 5s ’41 op 16-J-J
680
S
>
4
*41
oa4 7i2 American Thread pref. .5
Con guar ps— See Stock Excb list buifalo City Gas stockluo
Swift
& Co ~ S c e Bost Stk Exe list
440 445
Am
Tobacco
Co
c
o
m
.100
1st
5s
1947
— S e e Stock Exc list
list
Exe
1st
5s
1910-1914...J
Bklyn nap Tran— See Stk
45
----- * 10134
98 Amer Typefdars com .1.00 40 100
80 95 Con Gas of N J 3s 36.J-J 93
eTexas& Paclllc Coal-100
90 100
• Coney Isl &
Preferred -------------J00 05
86 Consumers' L H & Pow—
1st cons g 4s 1948..J-J 78 I100
234 M4 'Title Ins Co or N Y_.loi) 150 160
Amer
Writing
Paper-100
as
1038...................J-D
110
—
95
Brk C & N 5S 1939-J-J
18 20 Tonopab Min (Nevada).1 *7
7*2
Preferred
.
.
.
.
-----M
)0
Denver
Gas
&
E
l
e
c
..100
138
143
Potteries comlOO
Gr’pt&LorSt 1st 6S-M&N
4
7
1st 9 f g 5s 10 op'00-J-J 86 87 Trenton
Geu g 5s 1949 op-M-N
91 94
Preferred, new____1U0 50 60
Kings C El 4 s— See Stock Exc list" Elizabeth
9
8
AtlGt&Wlnd SS Lines 100
Gas
Lt
Co—
100
275
.
.
.
Trow Directory______loo
Nassau Elec pref------ *ou 9*5
25
2212
35
2
2
8
*
2
Preferred.................
1,00
Essex & Hudson Gas.100 13U 132
Typewriter comloo 07
6s 1944................... A-O Exc
71
Col tr g 5a 1059 — J-J / 68 70 Union
Gas & El Bergen Co_100 70 71
1st preferred_____.1 0 0 110 118
1st 4s 1951— S e e Stoc-c
Barney & Smith Car.100 30 50
e Gr Rap G 1st 5s T5-F-A / 99
102
2d preferred.._ .luu 116 118
N W’ bg&Flat 1st ex 4 Hs 90
100
85
Hudson Co Gas.____100 125 128
Preferred...............-l° g
Steinway 1st 6s 1922-J-J 107
55
Ex list United Bk Note Corp—50 *63
Indiana lighting Co- 100 18*4 201? BethTin SteelCorp—6eeS Ik
Preferred . . . . .
50
O th er C i t ie s
65
4s 1958 o p ............F-A / 63
64 Bliss Company com— 50 112 115 United Cigar M frs.. IIoo 353
Buffalo Street By— _ , 106
73
70
128
123
Indianapolis Qas_____50 25 30
Preferred . . . ------- -j|JJ
cPref erred_________ 100 105 108
1st consol 5s 1931_F-A
j465 475
Bond
&
Mtge
Guar_
_
loo
A-O
75
90
1st
g
5s
1952...........
106
United Copper.— . —100 10*4 1034
Deb 6s 1017...........A-O
Jackson Gas 5s g ‘37 .A-O 88 02i2 Borden’ 3 Cond Milk— 100 131 133
________ 100 31
Columbus (O) St Ry.100 9612
38
Preferred__ _____ 100 1054 108 U Preferred
e Laclede Gas—- __ .100
92 ____
S Casualty__ . . . . . l o o 210 215 .
Preferred------- — -J0J 1031?
I *8
8*4
British
Col
Copper.
.
—
.0
0
Preferred-----------100
91
---la
U
s
Colum Ry con 5 s—SeePn
U S Envelope com ..-100 47
62
27
♦
20
i
2
Butte
Coalition
Mining
V
>
Madison
Gaa
6s
1920-A-O
103
108
Crosst’wn 1st 5s 33 J- D 100
Preferred . . . . ___. 101) 108 113
3
2
Newark Gas 6s 1944_Q-J 132 134 Casein Co of Am com . 100
72
eConn Ry & Ltgcom.lOo
60 70 U S Finishing________100 90 100
Preferred
...............
}0
0
Newark
Consol
Gas_100
100
101
S
O
^Preferred-------------- 10>
Preferred__________ 100 100 106
Casualty Co of Amer -100 135 145 U S
e Cong 5s 1948___ J-D 10834 . . . .
1st & ref 4 H a — See Stk Exc
Steel Corporation—
Celluloid Co.................J JO 132 135
No Hudson L H & Pow—
Grand Rap.ds Hy------10'> 743|
Col tr s f 5s '51 opt 'l l 114*2 115
0
7
Cent
Fireworks
com—ipo
5s
1938...................A-U
110
.
.
.
.
823.J
Preferred ________ 10U
Col
tr s f 58 ‘51 not opt 11412
70
60
Preferred
100
e Loulsv St 5s 19 3 u „ J&.1 107 109 Pat & Pas Gas& Eleo-100 90 95 Central Foundry— — 100
234
3 14 U S Tit Gu & Indem-100
50 *Jo**
Coil e 5s 1 9 4 9 ...M S 103*2 105
Lynn & Bos 1st 5s 24 J-l) 105 107 SteJoseph
171. 18 oUtah Copper C o - S e e Stk Exo list
Gas
5s
1937-Ji
95
100
Preferred------—
,10.9
15*2 153S
e Now Orl Rys & Lgt.lOU 4238
Waterbury
Co.
com_100
75
70
Deb 6s 1910 op '01 M-N
Telogr & Telephone
42l2
e Preferred ...........-109
Preferred____. . . . 1 0 0
Mfg Go-100 520 570
Gen M g 4 Hs ‘35 S e e S tk Ex list 9Amer Teleg & Cable-100 77 80 Chesebtougn
65 70 Westchester & Bronx TR
Investing Co— -- lo o
Pub Serv Corp of N J.100 107 109 ^Central & So A m e r „ 100 n o ___ City
105
& Mtge Guar...........100 165
100
Tr ctfs 2 % to 6 %perpe
S81" 8012 Comm’l Un Tel (N Y ).25 ill) 116 eClaUln (H B). com—100 01
Western lee___ . . ... 1 0 0
05
elst preferred — —
70
1II 6
Coll 5s g notes *09. M-N 1003g 10034 Emp & Bay State Tel 100 60
Westlngh
Air B rake..-50
97*2
02
e2d
preferred_
_
—
.100
North Jersey St Ry 10i■ 45 55 Franklin..................... 100 40 45
West El & Mfg S>s—s e e St Exo list
& HookCoal&l pt 100 80 ___
1st 4s 1948.........M-N
80 81 eGold & Stock Tel eg .100 108 115 Col1st
- - - ___ White Knob Min_____10 * ___ *1
g 5s 1017— . . . . J-J
79 N Y & N J Teleph—See St k Exc list
Cons Tract of N J..10U 78
Preferred . . . ____ — 10
Col tr fts Oct 1956—J-J 07 102 Worthing
1st 5s 1933_____J-D 1061­ 1071; eNorthwestem Teleg—50 109 . . .
Pump pref-100 108 112
25 30
Pad lie & Atlantic_____25 65
75 Consol Car Heating_100
New’ kPasRy as '30 J-j 109 U0
Southern & A tlantic..25 90
95 Cons Rv Lgt&Refrlg-100
* Per share.
Ex-rtghts. 5 Basis, s Sells on Stk. Ex., but not very active. /F lat price. ;; xNom. s Sale price. -E x-d.v. y Ex-r.ghts,

Electric Companies

V o lu m

e

o f




B u s in e s s

a t

S t o c k

E x c h a n g e s

Bid

Chicago Edison Co See OH icago
? Kings Co El L&POo 100 137
Narragan(Prov) El Co.50 ’i0112
N Y&Q El L &P0 WC0 .IO 1 30
Preferred ________ 10k 60
United Elec of N J— low 70
70*2
1st g 4s 1949.........J-D

A sk

lit
130
93
35
70
76
77U

J une 12 1900.

THE CH RO N ICLE

1493

|mrestmjeut and liaxirnad Intelligence.
K

A

I L R

O

A

D

G R O S S

E A R N I N G S .

The following table shows the gross earnings ot' every STEAM railroad from which regular weekly or monthly returns
ean bo obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some ether
period. T h e r e tu r n s o f the street r a i l w a y s a re brou gh t togeth er s e p a r a te ly o n a s u b s e q u e n t p a g e .
July 1

L a te s t G r o s s E a r n i n g s .
W eek or
M o n th .

C u rre n t
Y e a r.

Ala N O fc Tex Pac
N O & N East-.r May
Ala & VIcksb__ r May
Vicks Shr & Pac r M a y _____
Ala Tenn & North March___
Ic Atch Top & S Fc April .
Atlanta Blrm & Atl 4th wkMay
Atlantic Coast Line A pril_____
Baltimore & O hlo.. A pril____
Bangor & Aroostook A pril_____
Bellcfontp Central.. A pril_____
Boston & Maine..r A pril____
Bridgeton & Saco R March___
Bull Roch & Plttsb 1st wk Jun
Buffalo & Susa___ April____
Canadian Northern. 1st wlcJune
Canadian Pacific.. 1st wkJune
Central ot Georgia. 4th wkMay
Central ot New Jcr. A pril------Central Vermont, .r A pril------Chattanooga South. 3d wk May
Chesapeake & Ohio. 4th wkMay
Chesterfield & Lane April------Chicago & Alton Ry 1st wkJune
Chlo Hurl & Qulncyr A pril........
Chicago Great West 4th wkMay
Chic lnd & Loulsv. 4tli wkMay
Cldc lnd & Southern —See New
Chic Mllw & St Paul April_____
Chic & Nor W cst-.r A pril.........
Chic St P M & Om.r A pril.........
Cldc Term TransRR M arch___
Cln Ham & Dayt.r A pril_____
Glov Cln Chic & St L —See New
Colorado Midland.r A pril.........
h Colorado A South 4th wkMay
Colum Newb & Lau A pril____
Copper Range_____ February .
Cornwall_________ A pril_____
Cornwall & Leban.r March___
Cuba Railroad____ A pril.........
i Delaware & Hud. A pril.........
Del Lack & W cst.r A pril.........
Denv & Rio Grande 1st wkJune
Det Tol & Iront syst 4th wkMay
Ann Arbor______ 4tli wkMay
Detroit & Mackinac 1st wkJune
Dul & Iron Range.r A pril.........
Dul Sou Sh & A tl.. 4th wkMay
El Paso & So West.r A pril____
Erie -------- ----------- A p ril.........
Evansville & Terre Haute—See
Fairchild & N E — A pril_____
Fonda Johns & Glov April.........
Georgia Railroad.. A pril____
Georgia South & Fla —See Sout
Grand Trunk Syst. 4th wkMay
Gr Trunk W est.. 3d wk May
Dot Gr Hav & Mil 3d wk May
Canada Atlantic. 3d wk MayGreat Northern Syst May ____
Gulf & Ship Island. A pril____
Hocking Valley___ A pril.........
Illinois Central___ M a y .........
Internat & Gt Nor. 1st wkJune
a Intcroceanlc Mex. 1st wkJune
Ioiya Central______ 1st wkJune
Kanawha <5e Mich.. A pril........
Kansas City South. April.........
K C Mex & Orient- Kk wkMay
Lake Erie & Aest'r; —See New
Lake Shore & M Sou —See New
Lehigh Valley------- A pril........
Lexington & East.. A pril........
Long island...------- A p r'}........
Louisiana & Ark— April____
Loulsv Hcnd & St L April........
Louisville & Nashv. 1th wkMay
Macon & Dlrmlng'm M a y _____
Maine Central___ r A pril____
Manlstlque________ A pril_____
Maryland A Penn.. A pril____
a Mexican Internat. 1st wkJune
a Mexican Railway. 3d wk May
a Mexican Southern 3d wk May
Michigan Central
See New Y
Mineral Range____ Adi wkMay
MInneap & St Louis i>t wkJune
Minn St P & S S M
i wkMay
Missouri Kan A T< /
. i l l ........
gon Mi v_ , t wkJune
Mo Pac & Ir
Central Brahch. c i st wkJune
Total system___ 1st wkJune
DMobllo Jack & K i \Vk May 22
Nashv Chatt & St I A pril____
a Nat Rys of Mexico 1st wkJune
Ncvada-Cal-Oregon. 4th wkMay
Nevada Central___ March —

to la t e s t D a t e .

C u rre n t
Y e a r.

P re v io u s
Y e a r.

S
253,104 205,602 2,858
115,635 113,430 1.452
110,593
90,330 1,295
3,810
48
5,413
3,000,009 7,361,388 78,112
35,051 1 900
49,379
2,200,534
21,958
2,310,004
5,701,925 5,024,785 58,900,
252,130 232,577 2.453
4,530
57,
4,708
3,242,023 2,882,282 32,739,
37.
3.323
3,573
182,830 129,007 0,654
166.571 128,510 1.908
180.300 143,700 9,050,
1,424,000 1,222,000 71,099,
248.000 224.900 10,390
228.572 2,271,591 21,414
292,797 254,540 2.908
1,521
1,384
73
700,421 502,502 24,156
4,010
4,964
47,
234,415 220,805 11,774,
0,054,599 5,080,977 66,046
198,528 178,842 7,473,
141,805 121,298 4,842,
York Cen trni.
4,533,295 4,224,629 50,340,595
4,942,703 4,400,280 55,032,551
1.073.751 934,770 11,309,058
88,018
94,530
812,144
000,842 520,988 0,002,905
York Cen trill.
167,835 144,321 1,929
393,474 300,772 13,940
22,494
20.577
244,
47.430
54,010
508,
12,073
5,750
80,
20.431
23,088
240,
226,057 209,758 1,700
1,735,833 1,527,020 15,531,
2,826,271 2,605,330 27.,851,
418.300 333,100 19,390,
26,552
33,538 1,398,
42,507
44,110 1,753
19,854
22,240 1.071,
136,885
91,842 5,075
77,343
48,218 2,444
066,289 534,501 6,013
4,013,405 3,039,733 41,943,
Rock Is land Syst cm.
1,988
1,573
16,
70,285
00,999
032,
214,735 212,095 2,412,
hern Rail way.
1,031,108 974,448 35,651,320
101,304
75.577 4,919,957
34.012
23,574 1,404,089
30.012
28,235 1,580,249
1,128,042 3,642,214 48,759,200
153.320 143,687 1,582,280
391,277 240,595 5,013,118
1,580,506 1,050,015 52,541,996
131.000 123.000 7,582,194
133.100 134,558 0,194,321
49,958 2,822,094
53,275
101,020 129,079 1,795,885
709.321 632,274 7,370,370
38,555
22,017 1,227,580
York Cen trai.
York Cen tral.
2,800,980 2,903.519 17,380,947
34,490
42,417
339,033
Dec. 102,3
Inc.31, 974
97,482
104,031
995,409
75,055
84,201
854,317
1,130,525 1,019,828 11,880,270
9,330
125,082
9,741
G47.825 613,017 0,892,510
0,459
39,452
3,132
35,545
314,484
. 37,490
140,234 183,251 0,474,048
135.100 134.900 0,259,500
21,526 1,149,959
20,581
ork Ccntr at.
23,994
758
22,513
07,302 3,878
74,252
280,030 214,229 11,177
2.001.752 1,520,740 21,610
734.000 043.000 41,814
18,000 1,500,
24.000
785.000 001.000 43,380,
21,340 1,380
26,445
892,430 806,909 9,312,
991,400 937.900 27,267,
9,014
302,
12.001
4,875
55,
4,835

,709,074
420,214
,365,913
35,422
571,762
449,239
149,747
080,036
233,350
51,397
036,474
40,258
050,244
770,318
481,700
995,764
571,171
042,721
852,432
87,119
919,843
55,041
305,500
437,210
427,941
732,280
48,414,222
53,950,089
11,032,480
853,988
0,809,670
,871,307
,207,833
250,204
550,150
107,970
245,579
,720,385
,572,955
,904,999
,094,843
,511,840
,740,015
,112,282
,487,430
,720,194
,537,992
,819,117
10,172
052,527
2,530,332
38,034,777
5,361,185
1,547,735
1,727,327
50,735,358
1,810,490
5.089.530
53,035,795
0,485,982
7,242,708
2,830,838
1 720 184
7.685.531
810,209
29,401,308
410,187
55
954,058
845,430
41,194,030
138,598
7,188,394
49,954
322,210
7,783,231
7,210,000
1,134,305
740,721
,605,551
,621,909
,068,200
,177,091
,417,000
,594,091
,327,702
,218,528
,044,440
310,817
57,737

July 1

la t e s t G r o s s E a r n i n g s .
IlO A D S .

W eek or
M o n th .

C u rre n t
Y e a r.

N Y C & Hud River April.........
Lako Shore A M S A pril_____
Lake Erie A West A pril____
Chic lnd & South A pril.........
Michigan Central A pril.........
Cleve C C A St L . A prli_____
Peoria & Eastern A prii____
Cincinnati North. A pril.........
Pltts & Lake Erie A pril.........
Rutland________ A pril____
N Y Chic A St L. A pril____
Total all lines__ April . . .
N Y Ont A Western April . . .
N Y N H & Hart-.r April . . .
N Y Susq A W est.. A pril____
Norfolk * South..r A pril___
Norfolk & Western. A pril___
Northern Central. . A pril.........
Northern Pacific..r A pril____
Pacific Coast Co__ A pril.........
Pennsylvania C o . . r April
dPcnn— Eastof P&E Aprii
it West of P & E. A pril........
Pore Marquette___ April
Phlla Balt & Wash. A pril_____
Pltts Cln Chic A StL April.........
Raleigh & Southp’t. April
Reading Company. April
Coal A Iron C o .. April
Total both cos__ April_____
Rich Fred A Pot__r March
Rio Grande June..March .
Rio Grande South. 4th wkMay
Rock Island System April_____
St L A San Fran. A prii_____
Chicago & E 111.. A prii____
f Evansv A Ter H A pril.........
Total of all lines. A pril.........
St Jos & Grand Isl. A pril____
St Louis Southwest. 1st wkJune
San Fed LA A SL.r Aprii____
Seaboard Air Line. A pril____
Atlanta & Blrm .. March___
Florida West Sh. March___
Southern Indiana. . A pril_____
c Southern Pac C o .. A pril____
Southern Railway. . 4tli wkMay
Mobile A O h io ... 4th wkMay
Cln N O & Tex P. 4th wkMay
Ala Great South. 4tli wkMay
Georgia Sou A Fla 4th wkMay
Texas Central____ 4th wkMay
Texas A Pacific___ 1st wkJune
Tidewater A West.r April
Toledo A Ohio Cent April
Toledo Peor & West 4th wkMay
Toledo St L A IVest 4th wkMay
Tomblgbec Valley. . March___
Union Pacific Syst. April_____
Vandalla________r A pril........
Virginia A Sou West A pril........
W abash__________ 1st wkJune
Western Maryland r .March----West Jersey A Seash A pril____
Wheeling A L E ..r A pril........
White Rlv(Vt)2wks endAIay 30
Wisconsin Central.. March___
Wrlghtsvlllc A Tenn A pril____
Yazoo A Miss Vail. May ........

P r e v io u s
Y ar.

lo L a t e s t D a t e .

C u rre n t
Y e a r.

P r e v io u s
Y ea r.

s
7,370,829 6,461,207 73,047,312 70,310,095
3,330,855 3,020,201 34,748,976 35,291 ,836
363,910 321,08
3,904,332 3,942,190
237,428 183,275 2.480.780 2,390.007
2,190,407 1,949,30 21,431,552 22.270.220
2,109,20 1,708,058 21,810,073 21,139,791
223,373 197,205 2,382,160 2,430,737
103,953
708,419
947,875
65,708
912,856 599,257 9,716,143 10,470,409
242,738 212,161 2,364,360 2,450,090
858,73C 743,780 . .
8,404,208
.
17950350 I54025K 10333401' 1S5831857
689,987 065,358 0,929,28
0,688,459
4,092,471 1,149,081 44,758,598 44,500,317
305,37
273.034 2,704,400 2.777.433
220,912 181.034 1,987,634 1,783,013
2,413,271 1,994,018 24.059.082 24.802.783
1,052,102 941,502 9.600.781 10,503,281
5,280,802 3,198,021 56.861.083 58,87G ,887
506,582 503,660 5,319,708 0,144,090
3,292,152 2.571,227 33,716,615 36,919,531
11870388 10521888 117800570 127508770
Inc.1,11 5,400
Dec.4,604 ,000
1.187.11 1,039,845 11,826,882 11,337,305
,442,173 1,339,673 13,801,374 14,094,074
,220,656 1,888,318 22,770,942 24.250.220
13,507
10,845
102.490
117,328
3.470.012 3,209,977 33,642,0S7 35,425,498
4,033,805 4,453,707 30,292,773 32,861,571
8,109,817 7,723,084 03,934,859 08,287,065
181,133 147,487 1.403.067 1,424,197
73,740
52,505
022,134
046,104
14,560
13,946
553,037
533,081
4.618.013 4,281,369 51,000,50.’ 50,231,553
2,997,852 2,517,812 31,707,141 31,007,950
785,302 557,587 8.063.068 9,332,293
105,443 159,506 1,780,423 1,887,942
8,56G,G10 7,516,274 93,151,739 92,459,740
110,194 121,181 1,342,53’ 1,300,972
181,007 176,282 9,729,615 9,036,384
721,510 621,401 5,997,257 0,309,184
1,429,159 1,300,775 13,702,709 13,315,705
80,520
68,685
715,094
079,700
22,104
13,978
110,058
93,742
106,151
87,931
087,792 1,389,920
9,926,274 9,138,097 100151827 104780509
1,233,219 1,043,451 43,030,195 47,740,391
209,362 229,163 8,939,029 8,940,98 1
221,524 195,884 7,153,125 7,294,93 t
99,944 101,380 3,205,851 3.279.783
59,074
42,570 1,831,358 1,825,950
22,043
953,017
7,203 1,098,743
222,570 185,823 13,758,152 13,019,874
7,840
0,708
75,575
01,803
239,128 189,919 3,468,072 3,605,053
35,028
26,130 1,008,348 1,114,480
70,502
67,308 3,116,260 3,541,437
7,208
5.408
00,770
45,439
G,242,870 5,900,854 05,308,499 4.061,450
710,182 011,337 7,350,454 7,863,271
78,809
72,090
893,238
981,133
516,594 493,267 24,039,839 24,085,870
500,099 394,448 4,188,500 4,302,712
438,214 428,514 4,478,284 4,794,884
420,717 230,434 4,639,577 4,621 ,G43
999
804
601,678 591,390 0,020,783 5,070,375
16,778
15,884
240,200
232,116
703,943 683,618 9,370,403 9.478.433
C u rre n
Y e a r.

V a r io u s F is c a l Y e a r s .

Bellefontc Central__________
JDelaware & Hudson_______
Manlstlque________________
a Mexican Railway________
a Mexican Southern........ .......
New York Central A Hud River
Lake Shore A Mich Southern.
Lake Erie & Western_______
Chicago Indiana Jo Southern.
Michigan Central___________
Cleve Cln Chic A St Louis___
Peoria & Eastern___________
Cincinnati Northern________
Pittsburgh A Lake Erie__
R u tlan d ___________________
New York Chicago A St Louis
Total all lines______________
Northern Central__________
cl Penn— East of Pitts & Eric__
it West of Pittsburgh & Eric
Phlla Baltimore & Washlngton.
Pltts Cln Chicago A St Louis..
Rio Grande Junction______
Texas A Pacific____________
West Jersey A Seashore____

Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan

Apr 30
April 30
Apr 30
May 21
May 21
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
April 30
Aprii 30
April 30
April 30
April 30
Mch 31
June 7
April 30

S19.975
5.957.14G
13,407
2,844,300
539,006
27,400,552
13,124,333
1,410,211
974,684
8,248,347
8,204,995
888,471
304,030
3,414,048
848,173
3,116,020
68,053,864
3,719,227
45,530,129
Inc.2,589
0,397,230
8,826,148
262,563
5,838,390
1,412,078

AGGREGATES OP GROSS EARNINGS—Weekly and Monthly.
W e e k ly S u m m a r i e s .

|C u r ’ nt

Y e a r P r e v ’s

Year

I n c . or D e c .

M o n th ly S u m m a r ie s.

C u r ’ nl Y e a r P r e v ’s

Y ea r

In c . or D ec

$
9,805,930
10,502,507
+ 756,577 7.61
601,078 —34,347 ,075 14.28
3d week Mch (43 roads).
Month Aug 1903 (794 roads). 206,254,
16,017,203 14,194,326 + 1,822,877 12.84
735,970 — 15,336 ,810 0.56
Month Sept 1908 (793 roads). 218,399,
4th week Mch (47 roads).
10,702,884
9,503,209 + 1,199,075 12.54
Month Oct 1908 (790 roads). 231,615,
932,145 — 18,317 ,010 7.45
1st week April (49 roads).
10,040,820
9,144.139
Month Nov 1908 (804 roads). 210,071,
+ 896,087 9.81
967,731 — 7,996 ,608 3.65
2d week April (42 roads).
10,109,928
9,050,824 + 1,053,104 11.03
Month Dec 1908 (798 roads). 205,216,
,791,645 + 11,424 ,830 5.90
3d week April (it roads).
14,051.025 12.232.959 + 1,818,066 14.78. Month Jan 1909 (750 roads). 182,347
,275,940 + 10,071 ,896 5.84
4th w ck April (49 roads).
10,132,000
9,049,075 + 1,082,091 11.90
Month Feb 1909 (792 roads). 173,867
,982,896 + 13,884 ,310 8.68
1st week May (40 roads).
10,150,119 8,910,700 + 1,836,419 13.85 Month Mch 1909 (715 roads). 202,107
.889, J95 + 21,278 ,330 11.78
2d week May (43 roads).
10,300,047
,104,976 + 5,048 ,072 13.10
9,110,933 + 1,089,114 11.95 Month April 1909 ( 50 roads). 48.753
3d week May (13 roads).
14,524,784 12,320,505 + 2,204,270 17.89 Month May 1909 ( 50 roads). 49,188
,867,707 + 6,320 ,871 14.79
4 th week May (44 roads).
a Mexican currency,
o Includes earnings of Gulf A Chicago Division,
c Includes the Houston <5*Texas Central and Its subsidiary fines In both years.
d Covers lines directly operated, t Includes Evansville & Indiana RR. h Includes earnings of Colorado A Southern, Fort Worth & Denver City and
all atfiltatefi lines, excepting Trinity fc Brazos Valley RR. k Includes In both years earnings o t Denver Enid A Gulf RR ., Pecos Valley System and
Santa Fe Presco,t A Phoenix Ry.
These figures do not Include receipts from sale of coal, o Figures here are on the old basis o t accounting— not tha
new or Inter-State Commerce Commission method, r These figures are on the new basis prescribed by the Inter-State Commerce Commission.




1494

THE CH RON ICLE

L atest Gross Earnings by W eeks.— In the table which
follows we sum up separately the earnings for the fourth
week of May. The table covers 44 roads and shows 1 7 .8 9 %
increase in the aggregate over the same week last year.
1909.

F o u rth W eek o f M a y .

Alabama Great Southern.. .
Atlanta Blrm & Atlantic—
Buffalo Rochester & Pittsburgh
Canadian Northern___________
Canadian P acific_____________
Central of Georgia____________
Chesapeake & Ohio----------------Chicago & A lto n ___________
Chicago Great Western-----------Chicago Ind & Louisville--------Cine New Orl & Texas Pacific..
Colorado & Southern-------------Denver & Rio Grande-------------Detroit & Mackinac----------------Detroit Toledo & Ironton--------Ann Arbor------------------------Duluth So Sh & Atl___________
Georgia Southern & Florida----Grand Trunk of Canada---------'
Grand Trunk Western------Detroit Gr Haven & M llw ..
Canada Atlantic----------------Internat’l & Great N orthern...
Interoceanlc of Mexico-----------Iowa Central-------------------------Kansas City Mexico & Orient..
Louisville & Nashville-----------Mexican International-----------Mineral Range-----------------------Minneapolis & St Louis---------Minneapolis St Paul & S S M._
Missouri Pacific & Iron Mtn—
Central Branch------------------Mobile & Ohio-----------------------National Railways of M exico.. .
Nevada-Callfornla-Oregon ___
Rio Grande Southern-------------St Louis Southwestern-----------Southern Railway____________
Texas Central------------------------Texas & Pacific______________
Toledo Peoria & Western______
Toledo St Louis & Western___
Wabash______________ _______
Total (44 roads)____
Net Increase (17.89%).

. 1908.

In c rea se.

$
99,944
49,379
229,444
213,200
2,139,000
248,600
760,421
235,373
198,528
141,805
221,524
393,474
540,900
29,972
26,552
42,507
77,343
59,074

$
101,380
35,051
157,259
192,100
1,718,000
224,900
562,502
201,836
178,842
121,298
195,884
306,772
452,800
28,626
33,538
44,116
48,218
42,570

1,031,108

974,448

56,660

198,000
228,592
70,794
38,555
1,136,525
216,139
22,513
96,659
280,636
1,158,000
40,000
209,362
1,432,715
12,061
14,560
235,218
1,233,219
22,043
375,154
35,028
70,502
660,361

153,000
187,601
70.130
22,017
1,019,828
187,817
23,994
86,572
214,229
1,054,000
38,000
229,163
1,202,546
9,014
13,946
194,128
1,048,451
7,263
257,220
26.130
67,308
588,008

45,000
40,991
664
16,538
116,697
28,322

14,328
72,185
21,100
421,000
23,700
197,919
33,537
19,686
20,507
25,640
86,702
88,100
1,346
29,125
16,504

10,087
66,407
104,000
2,000
230,169
3,047
614
41,090
184,768
14,780
117,934
8,898
3,194
72,353

14,524,784 12,320,505 2,235,592
2,204,279

D ecrea se.

$
1,436

6,986
1,609

R oads.

Ablngton & Rockland Elect
Light & Power Co___ Apr
Jan 1 to Apr 3 0 _______
Blackstone Val G&E Co. Apr
Edison ElecCo (Brockton) Apr
Jan 1 to Apr 3 0 _______
Fall River Gas Works__ Apr
Jan 1 to Apr 3 0 _______
Houghton Co El Lt C o..A p r
Jan 1 to Apr 3 0 ________
Keystone Telep C o .a .-.M a y
July 1 to May 3 1 _______
Lowell Elect Lt Corp___ Apr
Jan 1 to Apr 3 0 _______
Mlnneap Gen Elec Co__ Apr
Jan 1 to Apr 3 0 ________
Victor Fuel Co_________Apr
July 1‘ to Apr 3 0 ________

C urren t
Year.

S

1,481

19,801

31,313

------ N e t

E a r n i n g s -----C u rren t
P r e v io u s
Y ear.
Y ear.

4,802
22,126
72,713
20,723
90,623
33,048
128,235
19,399
91,396
91,727
980,411
27,982
120,973
84,450
375,319

P r e v io u s
Y ear.

C u rren t
Y ea r.

S

P r e v io u s
Y ea r.

$

3,988
19,884
63,735
16,605
74,523
27,843
127,889
17,755
83,487
87,587
963,371
27,365
114,108
76,476
338,084

1,429
7,568
33,782
8,851
40,554
15,781
54,091
9,210
47,166
46,672
494,055
10,586
48,827
44,549
217,821
32,873
430,630

—

$

f

1,049
8,277
28,587
7,029
33,772
10,384
43,239
8,075
43,630
44,719
464,647
11,839
50,064
42,080
192,455
53,092
579,146

a Net earnings here given are after deducting taxes,

b Net earnings here given are before deducting taxes.

Interest Charges and Surplus.
R oa ds.

Colorado M idland_____ Apr
July 1 to Apr 30.........
0.........
Nevada-Cal-Oregon____
.. .Apr
Apr
July 1 to Apr 30..........
...........
Rio Grande Southern__
. - -Apr
Apr




— I n t . , R e n t a ls , & c .—
P r e v io u s
C urren t
Y ear.
Y ear.
%
$

31,350
313,500
3,754
39,459
18,321
193,662

Ablngton & Rockland Elect
Light & Power Co___ Apr
Jan 1 to Apr 30______
EdlsonElecCo(Brockton) Apr
Jan 1 to Apr 30______
Fall River Gas Works__ Apr
Jan 1 to Apr 30...........
Houghton Co Elec Lt Co. Apr
Jan 1 to Apr 30--------Keystone Telep Co------- May
July 1 to May 31--------Lowell Elect Lt Corp----- Apr
Jan 1 to Apr 30--------Mlnneap Gen’l Elect Co. Apr
Jan 1 to Apr 30--------Victor Fuel Co--------------Apr
July 1 to Apr 3 0 ..........

P r e v io u s
Year.
$

336
1,325
3,187
12,806
2,495
10,095
4,670
18,213
_____
34,011
377.823
4,184
16,885
30,098
120,984
______
17,235
174,135

223
1,098
2,578
9,147
2,369
9,438
4,399
15,814
34,697
378,093
4,823
19,695
31,152
123,448
17,996
190,522

—B a l . o f N e t E ’n g s .—
C urren t
P r e v io u s
Y ear.
Y ear.

3

5

826
7,179
4,451
24,625
8,015
33,801
3,676
27,816
10,022
86,554
7,016
30,369
10,928
69,007
2/32,232
2/365,773
c After allowing for miscellaneous charges and credits to Income.
x After allowing for other Income received.
V After allowing for charge for management.

L a te s t G r o s s E a r n i n g s .

$
$
S
$
^Boston & M aine.b____ Apr 3,242,023 2,882,282 1,049,522
826,025
July 1 to Apr 30______32,739,888 33,036,474 9,276,524 8,437,171
Chicago Ind & Loulsv.b.Apr
464,423
404,780
151,044
95,927
July 1 to Apr 30______ 4,388,363 4,349,032 1,289,337 1,221,834
xChlc Mllw & St P aul.b. Apr 4,533,295 4,224,629 1,499,246 1,133,885
July 1 to Apr 30______50,346,595 48,414,222 18,292,597 17,213,784
Colorado Midland.a___ Apr
167,835
144,321
2,459
19,602
July 1 to Apr 30______ 1,929,649 1,871,367
343,160
355,597
3,650
Columbia Newb & Lan.b Apr
22,494
20,577
217
July 1 to Apr 30..
244,415
250,204
62,969
51,909
Grand Trunk of Canada—
758,201
Grand Trunk R y _____Apr 2,377,285 2,277,035
654,545
July 1 to Apr 30---------25,217,715 26,724,602 6,677,812 6,666.839
163,514
Grand Trunk Western .A pr
494,923
439,445
114,362
July 1 to Apr 30--------- 4,611,693 5,074,087 1,001,573
882,075
Det Gr Hav & M llw.. .Apr
130,908
113,875
det 487
13,139
July 1 to Apr 30--------- 1,392,319 1,474,406
215,173
252,677
Canada Atlantic---------Apr
138,938
104,629
8,614 defl4,599
1,625,152
July 1 to Apr 30.. 1,497,966
81,723 def77,679
Mlnneap St Paul & S S M Apr 949,499
812,446
273,815
377,228
July 1 to Apr 30--10,549,609
9,852,348 4,679,648 3,827,902
Missouri P acific.b---------Apr 3,688,076 3 079,976
750,805 1,001,243
July 1 to Apr 30.
.39,039,196 37,898,690 10,971,976 10,219,859
Nevada-Cal-Oregon.b__ Apr
37,872
26,446
23,854
12,222
July 1 to Apr 30.........
321,554
284,374
177,935
140,998
Rio Grande Southern-b.Apr
42,843
42,346
10,429
16,631
July 1 to Apr 30--------490,756
507,303
175,636
188,669
zTexas & P aclflc.b------- Apr 1,073,908
891,263
141,694
72,071
July 1 to Apr 30--------- 12,478,334 12,586,466 3,685,146 3,264,924
W abash.b_____________ Apr 2,103,422 1,814,718
432,815
361,691
July 1 to Apr 30______21,463,521 21,741,066 5,990,852 5,838,287
INDUSTRIAL COMPANIES.
— u r o s s E i ir n t n g s ------ ------ N e t E a ir n in g s -----Companies.

C urren t
Y ea r,

C o m p a n ie s.

N a m e of
R oad.

table fol­
lowing shows the gross and net earnings of STEAM railroads
and of industrial companies reported this week:
E a r n i n g s ----•Cu rrent
P r e v io u s
Year.
Y ea r.

INDUSTRIAL COMPANIES.
— I n t . , R e n t a ls , & c .-

1,093
6,243
5,664
27,748
13,286
43,996
4,540
28,953
12,661
116,232
6,402
31,942
14,451
96,837
2/12,192
2/221,902

STREET RAILWAY AND TRACTION COMPANIES.

Net Earnings Monthly to L atest D ates.— The
----- G r o s s

| [V O L . L X X X V I I I

— B a l. o f N e t E 'n a s .
C u rren t
P r e v io u s
Year.
Y ear.
$
$

31,350 cdcf38,354 Cdefl8,952
309,980 cdefl5,401
Cl 0,733
3,868
2:21,046
2:9,481
40,156
2:149,921
2:118,589
18,562 Idef6,471
x d e t 556
190,625 2;def5,603
2:24,553

C urren t
Y ea r.

W eek or
M o n th .

American Rys Co___ A pril.........
cAur Elgin & ChlcRy. A pril.........
Binghamton St R y .. A pril.........
Blrm Ry Lt & Power M arch___
Brockton* Ply St Ry A pril.........
Camaguey Co............. January . .
Cape Breton Elec Co. A pril_____
Central Penn Trac__ A pril........
Chariest Con RyG&E A pril........
Chicago Railways Co. M arch___
Cleve Palnesv & East A pril_____
Dallas Electric Corp. A pril_____
Detroit United R y __ 4th wkMay
Duluth Street R y . . . A p ril........
East St Louis & Sub. A pril.........
El Paso Electric........ A pril.........
Fair & Clarksb Tr Co A p ril.........
Ft Wayne & Wabash
Valley Traction Co A pril_____
Galv-Hous Elec Co_. A pril.........
Grand Rapids Ry Co. A p ril........
Havana Electric Ry Wk June 6
Honolulu Rapid Tran
& Land Co_______ A p ril.........
Houghton Co Trac Co A pril_____
Illinois Traction Co._ A pril.........
Jacksonvllle Elec Co. A pril.........
Kansas City R y & Lt A p ril.........
Kansas City-Western A pril------Knoxville Ry & Lt Co M arch-----Lake Shore Elec R y . A pril------Lex & Inter Rys Co. M arch___
Little Rk Ry & El Co M arch____
Memphis Street R y . - March____
Mllw Elec Ry & LtCo A pril_____
Mllw Lt lit & Trac Co A p ril------Montreal Street R y . - Wk June 5
Nashville Ry & Light A p ril.........
North Ohio Tr & L t .. A pril.........
North Texas Elec Co. A pril.........
Norf & Portsm Tr Co A p ril.........
Northwestern E lev.. M a y ------Oakland Traction Co. M arch___
Oklahoma City R y .. A pril------Paducah Tr & Lt Co. A pril------Pensacola Electric Co A p ril------Portl’d(Or) RyL&PCo A p ril.........
Porto Rico Rys C o .. A p ril.........
Rio de Janeiro Tram
Light & Power___ A pril.........
St Joseph (Mo) Ry Lt
Heat & Power Co. . May ------San Fr Oak & San Jo M arch___
Sao Paulo Tr Lt & P. A p ril........
Savannah Electric Co A pril_____
Seattle Electric C o .. A pril_____
South Side Elevated. M a y _____
Sou Wisconsin Ry Co A p ril_____
Sprlngf (111) It & L Co A pril_____
Tampa Electric Co._ A pril.........
Toledo Rys & Light. A pril_____
Toronto Railway----- Wk June 7
Twin City Rap Tran. 4th wkMay
Underground El Ry
of London—
Three tube lines__ Wk May 20
Metropolitan Dlst. Wk May 29
Unlted Tramways. Wk May 29
United Rys of St L .. April - - - - United RRs of San Fr March___
Whatcom Co Ry & Lt A p ril.........

$
222,076
106,412
24,972
181,818
9,096
11,337
16,511
57,168
59,076
985,927
21,807
100,964
223,077
75,422
160,347
46,493
31,296
106,250
03,721
77,625
41,557

P r e v io u s
Y ea r.

Jan.

1 to

C urren t
Y ea r.

la test d a te .
P r e v io u s
Y ea r.

$
$
5
856.724
213,955
823,516
97,934
402,356
373,244
100,880
22,730
88,868
551,615
177,003
522,091
30,491
28,337
8,155
11,337
7,55e
7,556
67,196
74,415
18,074
209,769
224,500
53.617
242,345
239,039
61,048
857,732 2,802,503 2,429,948
77 189
77,620
20,834
353,415
415,326
91,617
196,096 2,901 936 2,611,981
264,133
287,923
68,048
651,386
621,256
148,795
175,842
188,980
41,536
107,231
114,919
20.273

90,740
83,447
68,826
35,840

420,971
363,319
302,801
876,035

397,976
322,316
271,355
833,554

33,405
25,727
341,933
40,307
542,376
26,835
47,131
78,574
40,957
56,589
133,151
336,041
60,523
77,177
130,030
151,906
97,837
138,858
173,657
233,992
31,653
18,352
18,559
377,488
31,870

29,243
128,269
119,822
20,679
76,466
96,614
318,867 1,362,868 1,269,654
35,880
137 ,083
156,083
492,472 2,130,778 1,941,652
25,953
96,005
101,968
46,522
128,017
139,215
73,200
280,898
289,316
43,985
120,955
119.725
56,552
163,509
171,030
128,857
360,264
379,712
306,162 1,326,885 1,213,128
55,517
214,002
232,182
70,216
118,431
129,804
504,889
586",989
79,352
310.515
378,448
143,465
558,917
607,417
162,751
864,872
770,621
232,404
653,675
668,170
19,614
109,907
73,099
19,150
72,848
75,825
9,921
76,437
62,663
341,403 1,442,446 1,350,758
28,807
128,967
117,493
609,162 540,175 2,363,986 2,178,260
77,187
72,447
377,824
340,713
75,166
74,598
213,949
213,031
204,484 196,223
813.115
773,942
47,488
46,091
190,143
184,291
422,128 356,089 1,625,046 1,422,794
180,673 184,035
866,831
871,513
12,414
11,825
48,532
45,641
76,006
67,665
340,349
310.515
46,432
44,501
199,046
181,483
215,315 202,317
872,496
829,633
68,948 1,497,396 1,378,496
77,225
190,691 174,898 2,651,325 2,424,702
£13,120 £11,785 £272,685 £245,355
£10,310
£0,302 £205,447 £186,868
£6,895
£7,942 £116,043 £123,404
011,654 865,691 3,452.002 3,327,451
606,615 564,674 1.716,626 1,559,690
31,552
20,495
127,817
118,163

c These figures are for consolidated company.

Street R ailw ay Net Earnings.— The following table gives
...e returns of S T R E E T railway gross and net earnings
the
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of May 29 1909. The
next will appear in the issue of June 26 1909.
■------ G r o s s
R oads.

Albany & Hudson.bJan 1 to Mch 31
Auburn & Syracuse.b)--Jan 1 to Mch 31
i. . Apr
Jan 1 to Apr 30
e Breton Elect Co.. . . Apr
Jan 1 to Apr 30
. . . Apr
Jan 1 to
. . . Apr
_ ___ __
(jo Apr
Jan 1 to
) . . Apr
Jan 1 to Apr 30

C urren t
Y ear.

E a r n i n g s ------ P r e v io u s
Year.

3
39,867

$

------ N e t
C urren t
Y ea r.

$

E a r n i n g s -----P r e v io u s
Year.

$

36,345

def4,240

def400

81,948
70,741
9,096
8,155
30,401
28,337
16,511
18,074
67,106
74,415
100,964
01,617
415,326
353,415
46,493
41 .536
188,080 , 175,842
93,721
83,447
363,319
322,316
25,727
20,670
96,614
76,466

21,955
2,071
5,757
5,302
21,195
39,286
152,045
17,189
72,525
38,475
136,610
11,470
36,368

19,894
995
1,141
7,283
27,651
30,871
111,418
9,105
40,275
34,874
123,369
8,815
26, 79

June

12 1909.]

THE CH RO N ICLE
---- G r o s s
C urren t

The Little Mina claim, owned by the Parrot Co., has been developed by
a shaft which has now attained a depth of 1,200 feet, and a shoot of ore of
good grade has been developed on the 1,000 foot level. Cross cuts are at
present being extended toward the vein on both the 1,100 and 1,200 foot
levels.
The shaft at the Gagnon Mine, owned by the Trenton Mining & Develop­
ment Co., Is now 2,300 feet deep, and the discovery of new ore bodies on
the lowest levels has Increased the value of this mine.
The improvements at the reduction works at Great Falls, consisting of a
stack o06 feet in height, with flues and dust chambers, arc practically
completed, and will shortly be In full operation.
S u b C o m p a n i e s .— 'The sawmills of the Big Blackfoot Milling Co. have
been operated to a greater extent than during the previous fiscal year,
owing to the fact that the mines at Butte, on account of their constant
operation, have required a larger amount of timber and the commercial
m e r i t nd‘ W l e stP far below the average, Is showing a gradual improve-

E a r n in g s—
P r e v io u s

R oads.

Illinois Traction C o .a
Apr
Jan 1 to Apr .10______
Jacksonville Elect Co__ Apr
Jan 1 to Apr 30______
Northern Texas El Co ..A p r
Jan 1 to Apr 30______
Paducah Tr & Lt C o ___ Apr
Jan 1 to Apr 30______
Pensacola Elect Co_____ Apr
Jan 1 to Apr 30______
Rochester & Surburban.b—1
Jan 1 to Mch 31______
5,350
StJos(Mo) RyLtHt&P b May
77,187
Jan 1 to May 31______
377,824
Savannah Elect Co_____ Apr
47,488
Jan 1 to Apr 30______
190,143
Seattle Elect Co________ Apr
422,128
Jan 1 to Apr 30______ 1,625,040
Tampa Elect Co________ Apr
46,432
Jan 1 to Apr 30______
199,046
Whatcom Co Ry & L t .. Apr
31,552
Jan 1 to Apr 30______
127,817

The coal mines at Belt, owned by the Anaconda Copper Mining Co. and
the mines at Diamondvllle, owned by the Diamond Coal & Coke Co., have
been operated continuously, with very satisfactory results, throughout
the^ year.
6
The developments at the Bear Creek coal mines, owned by the Washoe
Copper Co., have also been most satisfactory, and a grade of coal Is being
produced which compares most favorably with the best Wyoming coal.
E le c tr ic 1 o w e r .— A considerable betterment has been made In the mlnnlg
and reduction costs by the use of electric power. Electric pumps have
been Installed In the mines during the year and operated with good results,
and it Is planned to do hereafter all of the pumping In the mines with this
power. Investigations are now being made to determine the feasibility
and economy of operating all the hoisting plants by compressed air gener­
ated by electric power.
1
6
O u tp u t.
The companies owned solely or In part by the Amalgamated
Coppei Co. produced for the calendar year 1908 from their own and
custom ores about 234,000,000 pounds of refined copper, of which amount
poundsalgamatei1 ^opper *-!o‘ recelved the benefit from about 199,000,000

a Net earnings here given are after deducting taxes,
b Net earnings here given arc before deducting taxes.

Interest Charges and Surplus.
— I n t . , R e n t a ls , & c .—
P r e v io u s
C u rren t
Y ea r.
R oa ds. Y ea r.
$
Albany & Hudson—
Jan ! to Mch 31
Auburn & Syracuse—
Jan L to Mch .11 . Brockton & Plymouth- -Apr
Jan 1 to Apr 30-.
Cape Breton Elect C o-- -Apr
Jan 1 to Apr 30 Dallas Elect Corp------- -Apr
Jan 1 to Apr 30-El Paso Elect Co--------- -Apr
Jan 1 to Apr 30-.
Galveston-Houston El Co Apr
Jan 1 to Apr 30
Houghton Co Tract Co- -Apr
Jan 1 to Apr 3 0 ..
Jacksonville Elect C o .. -Apr
Jan 1 to Apr 3 0 ..
Northern Texas El Co. -Apr
Jan 1 to Apr 30
Paducah Tr & Lt Co__ -Apr
Jan 1 to Apr 3 0 .Pensacola Elect Co___ -Apr
Jan 1 to Apr 30 .
Rochester & Surburban.Jan 1 to Mch 31 - .
StJos(Mo)Ry LtHt&P _-May
Jan 1 to May 31.
Savannah Elect Co___ - Apr
Jan ! to Apr 3 0 -_
Seattle Elect Co----- ----- -Apr
Jan 1 to Apr 30..
Tampa Elect Co---------Jan 1 to Apr 30
Whatcom Co Ry & Lt. -Apr
Jan 1 to Apr 30.
x
V

28,534
25,625
1,758
7,981
5,055
20,877
28,833
115,362
7,900
31,626
21,259
86,431
6,242
22,632
9,345
37,684
17,190
68,736
7,033
28,174
4,321
17,430

—-B a l .

o f N et E 'n g s .—
C u r r e n t'
P r e v io u s
Y ea r.
Year.

5

O F C O M P A N IE S C O N T R O L L E D
PO U N D S .

1908.

def 3,670
313
def 2,224
247
318
10,453
36,683
9,280
40,899
17,216
50,179
5,228
13,736
7,031
25,580
24,115
90,188
182
def640
2,769
14,274

def.1,127
def 1,355
def8,263
2,345
7,011
808
def7,118
2,093
20,843
14,290
41,403
4,079
7,540
4,247
14,895
18,835
77,234
880
2,572
def3,983
def3,167

9,263 J/dcf 10,260
20,597
13,029
102,060
67,684
16,235
def 756
67,505
def240
84,725
56,145
336,887
220,832
2,335
13,001
8,790
64,352
7,959
5,412
31,896
18,831
After allowing for other Income received.
After allowing for other Income and outside operations.

l/def9,557
11,618
52,203
642
def21,784
58,879
198,745
11,200
52,020
0,109
22,004

9,204
21,537
104,869
17,442
69,876
104,140
399,961
4,796
18,555
8,138
33,937

A N N U A L REPORTS.
Annual Reports.— An index to annual reports of steam
railroads, street railways and miscellaneous companies which
have been published during the preceding month will be
given on the last Saturday of each month. This index will
n o t include reports in the issue of the “ Chronicle” in which
it is published. The latest index will be found in the issue of
May 29. The next will appear in that of June 26.

Amalgamated Copper Co., New York.
CR e p o r t f o r F i s c a l Y e a r e n d in g A p r i l 30 1909.)
The report, signed by Secretary A . H . Melin, says in sub­
stance:
G e n e r a l R e s u l t s . — The producing companies controlled by the Amalga"
mated Copper Co. have been operated continuously throughout the fiscal
year, with the exception of the Anaconda Copper Mining Co. and the Boston
& Montana Consolidated Copper & Sliver Mining Co. The former was
compelled to cease operations for a short time at the Washoe reduction
works, due to the fact that the railroad companies were unable, on account
of severe climatic conditions, to transport a sufficient supply of coke; and
the reduction works of the Boston & Montana Mining Co. at Great Falls
were closed from early June until the middle of September, on account of
damage by Hood to the power plant of the company and to the railroads
which transport the ore.
The copper business, during the period covered by this report, has been
dull, and the ruling price of the metal has been low. During most of the
year, the production ran In excess of consumption, but at the present time
deliveries of the metal are about equal to the production. Sales have been
made In sufficient amount to practically absorb the accumulated surplus
made In the early part of the year.
D e v e l o p m e n t W o r k .. — All conditions In the Butte camp during the year
tending toward the successful operation of the different properties have
been quite satisfactory, and the cost per pound of copper produced has been
materially lessened. The normal amount of development work has been
carried on In all of the properties, and the officials of the dldcrent producing
companies report that this has been done with very satisfactory results’
and that In several of the mines new ore bodies have been found at dentil
which had never been encountered on the upper levels.
The lire In the Anaconda mine, which has been burning for a period of
nineteen years, has occasioned some Inconvenience, but has not Interfered
seriously with the operation of the property for any length of time
A new shaft on the Belmont claim, belonging to the Anaconda Conner
Mining Co. has been put In condition and equipped, and will eventually
be connected with the lower levels of the Anaconda mine. This when
completed, will be used as an auxiliary shaft for the operation of the Ana­
conda properties.
The shaft at the Parrot mine has been sunk to a depth of 2,000 feet and
cross cuts to the vein have been made at the 1,900 and 2,000 foot levels
While the vein at these depths shows ore of a concentrating grade lt is
not equal to tho average concentrating grade of the camp, and will not
yield a profit at present prices.




P R O D U C T IO N

5

29,060 zdef 16,531
23,021
2,350
9,404
4,938
20,640
30,063
118,536
7,012
28,432
20,584
81,966
4,736
19,139
10,066
37,044
15,051
57,829
7,010
28,099
4,132
16,597

1495

(C A L E N D A R

1907.

1906

$525,041
11,483,783

$2,228,088
9,255,695

Y E A R S )

Production (own' and cusia05‘
tom ores) ab bu t.----- 234,000,000 212,000,000 275,000,000 268,000,000
Amalgamated Co. bene­
fits from about--------- 199,000,000 178,000,000 224,000,000 216,000,000
R E S U L T S F O R F I S C A L Y E A R S E N D I N G A P R I L 30.
..
1909.
1908.
1907.
1906.
Net Income....................$3,663,980
$6,680,557 $14,154,400 $9,161,537
Dividends--------------------- 3,077,758 6.155,516 1 1 . 0 2 6 , 3 1 2
8 848 554
(2%)
U%)
(7 H )
(5 % )
Balance, surplus------$586,222
Prev. sur. and reserve.. 12,008,823
Surp.

5312.988
8 ; 042,712

res Apr 30...$12,595,045 $12,008,824 $11,483,783 $9,255,695
C O N D E N S E D B A L A N C E S H E E T A P R I L 30.
Assets—
1909.
1908.
1907.
$
$
5
’
Investment Insecurities, Sccx---------- 156,481,847 156,480,647 156,480 908
Loan to Washoe Cop. Co. for smelter
construction.----------------------------7,200,000
7,200,000
7,350,000
Cash and assets------------------------------- 3,593,102
3 ,007,831
4 ,640 ,797
&

............................................... 167,274,949 166,688,478 168,471,705
L i a b ilit ie s —
Stock, auth. $155,000,000; outst’g ..153,887,900 153,887,900 153 887 900
Accounts payable -----------------------22,565
22.315
22,265
Dividend payable May-------------------769,439
769,439
3,077 758
Surplus and reserve........................... 12.595.045 12,008,823 11,483,783
Total ------------------- ----------- - ..........167,274,949 166,688,478 168,471,705
x Represents ownership In copper mines, mining claims, mining plants
reduction works, refineries, coal mines, sawmills, standing timber water
rights, land, &c.

(See also report of Anaconda Copper Mining Co. below
and in Y . 88, p. 1311.— E d .)— V . 86, p. 1526.

Anaconda Copper Mining Company.
Y e a r e n d in g D e c . 31 1908.)
This company is controlled by the Amalgamated Copper
Co. (see that company above). The comparative tables
of earnings and the balancesheet were given in V .8 8 , p. 1311.
President John D. Ryan, under date of Butte, May 1 1909
says in substance:
{R e p o r t f o r F i s c a l

O p e r a t i o n s C o v e r O n l y A b o u t N i n e M o n t h s . — T h e mines were not In opera­
tion during January and February. The output for March was small
and the production for the year Is the result of about nine months’ opera­
tions. The profit shown was earned In the last six months of the year,
the first six months showing an actual loss, as the shut-down expenses and
the extraordinary expense of reopening the mines absorbed whatever
profit there was made In April, May and June. The yield per ton of ore
Is practically the same as for the year previous.
M i n e s . — Development work In all of our Important mines was carried
on continuously after resumption of operations In March. The Diamond
shaft was started from the 2,200-foot level, and at the date of this report
has about reached the 2,800-foot level ; between the 2,600 and 2,700foot levels a vein of considerable size, carrying some good ore, was cut.
At the High Ore mine, cross-cuts on the 2,800-foot level have been driven
north anil south for a considerable distance, and the veins disclosed carry
good values. Lateral developments In the veins at all the dllferent mines
have proven very satisfactory, and a considerable amount of ore in excess
of what was extracted has been opened up.
The fire which has been burning for about 20 years In the Anaconda mine
has given more trouble than for some years past, and considerable difficulty
has been experienced In keeping some of the workings clear of gas
llie mines produced during the year 1,125,579 wet tons of ore
R e d u c tio n W o r k s . — The reduction works treated, for all companies, dur­
ing Hle/J£‘Y o o ’ 730,48.9 dr5L tons
ore and other cupreous material. Of
this, 1,066,088 tons of ore from the mines, 286 tons of precipitates, 16.141
tons of slimes and 282 tons of slag from the old works, were treated for
your company, from which there was produced 64.869,176 pounds of fine
copper, 2,071,245.894 ounces of silver and 8,394.8438 ounces of gold.
Two new stands of converters, with necessary bowls, &c., were added
to the converter plant, and the converter building was extended.
S m o k e L i t i g a t i o n . —[The report refers at length to the complaints and
suits by farmers on account of alleged Injury to their live-stock and crops
and to the d smlssal of the test case (V. 88. p. 1131) In April 1909. which I t
Is believed will have the effect of terminating this class or litigation.— Ed 1
S u b s i d i a r y D e p a r t m e n t s . — These departments show for the year profits
of $240,155. The coal mines at Belt produced 204,056 tons of coal- 65 284
tons were shipped to other departments of the company, 119,311 tons were
sold and 19,460 tons were used at the coal mines. The saw mills at Hamil­
ton cut during the year 11,475,335 feet of lumber, of which 1 122 261 feet
went Into company use and 10,352,074 feet was sold commercially
On
price1 ° f laSt yCar thC comDany sold lts general store at Hamilton at a fair
B u t t e A n a c o n d a <& P a c i f i c R y . C o . — The railway transported durlne- the
year 4.426.050 tons of ore and freight and 179,749 passengers The Iross
earnings were $1,084,089; operating expenses, $ 7 ? ^ 5 4 M £ ie s t a t K
and rental on leased lines. $85,775; net income, $218,960. A dividend of
<>% on the capital stock was paid, amounting to $60,000, leaving the sur­
plus profit for the year $158,960.— V. 88, p. 1311.
s

Butte Coalition Mining Company.
{R ep ort for F is c a l

Y e a r e n d in g D e c .

President T . F . Cole says:

31 1908.)

THE CH RO N ICLE

1496

Active mining of ore was resumed In the mines of the Red Metal Mining
Co. on March 1 1903. During the period that ore was not being mined and
shipped development work was prosecuted.
The completion of the air shaft to the 1,500-foot level and connections
with the Rants workings, as well as the completion of the Tramway-Mlnnle
Healy shaft to the 1,700-foot level and its connections with the workings
on both the Rants and Minnie Healy, has Improved the ventilation In these
mines. The Tramway-Mlnnle Healy shaft affords a safe and permanent
outlet for the ores In both claims, permitting the abandonment of the
Minnie Healy shaft, that always was expensive to maintain.

Gen. Manager A . C. Carson May 11 1909 wrote in brief;
R e s e r v e s . — The ore reserves are In practically the same condition as a
year ago, as slightly more ore was added to the reserves than was extracted
during the year.
,
. ,,
,
M i n n i e H e a l y M i n e . — No ore was taken out of this mine during 1908
until Dec. 14, when the tramway shaft was put into commission. The
production is Increasing gradually, the Increase In the four months during
which the new shaft has been in operation being from 200 tons per day
to 650itons dally. The output in another four months can In all probability
bejmal italned at 1,000 or more tons per day.
T r a m w a y M i n e . — The principal efforts of the year having been directed
toward developing large known ore bodies in the Minnie Healy, not much
has been done until lately towards opening up Tramway ore. Promising
veins, however, have been exposed, drifting for a short distance, disclosing
in two of these ore of such grade as can be sent directly to the smelter
and in the third a considerable percentage of smelting ore. It Is expected
this year to open up extensively all these veins. The Tramway shaft has
been completed this year to the 1,700-foot level.
C o r r a M i n e . - —This mine has not been worked since 1907, the Intention
being to work the veins through the Diamond shaft under an arrangement
similar to that In ellect with other Isolated Red Metal property. Accord­
ingly the surface equipment has been dismantled.
R e d M e t a l P r o p e r t y W o r k e d b y O t h e r C o m p a n i e s . — The Butte & Boston
Mining Co. through Its Berkley shaft has produced monthly a few hundred
tons of a good grade of ore from the Snohomish claim, and the Parrot Mining
Co has mined ore from the Nipper claim, of which the Red Metal Co. Is
principal owner. Work has not been carried on extensively In either of
these properties. A vein in which this company has an Interest has also
been mined by the Boston & Montana Co. through the Pennsylvania shaft.
This Is an exceptionally good vein and the Red Metal Mining Co.'s propor­
tion has been about 3,000 tons per month the past year. The Parnell is
another claim In which this company owns a one-fourth Interest and the
Anaconda Copper Mining Co. owns three-fourths. Through the Diamond
shaft of the tatter company ore has been extracted from one vein from
March 19OS to the present time, and the Red Metal’s one-fourtli for the 15
months amounted to 19,980 tons. The production increased from746 tons
in March 1903 to 2,089 tons In April 1909, both these quantities being Red
-Metal’s one-fourth. Sufficient development work has been done to prove
the vein a valuable one.
E m p l o y e e s . — At the Rams mine are employed 450 men, at the Minnie
Healy 320 and at the Tramway 130, a total of 900 men.
P r o d u c t i o n . — From March 1 to Dec. 31 1908 the mines of the company
produced 264,031,063 tons of ore, yielding 70.15 lbs. of copper and 1.137
ozs. of silver per ton, making a total of 18,521,282 lbs. of line copper,
300,192.20 ozs. silver and 1,831.49 ozs.2gold.
R E S U L T S F O R Y E A R S E N D I N G D E C . 31.
In c o m e —
1908.
1907.
1906.
Dividends received_________________
________ $1,320,000
$880,000
$105,064
173,345
144,713
Interest_________ ______ - ..................

Total incom e_____ _______ __________
Gen’l office & transfer expenses, & c ._

Net Income---------- -----------------D e d u c t—
Dividends paid--------------------------Rate of dividend-------------------------Adjustments . . .............- .................

$105,064
31,538

$1,493,345
31,880

$ 1 ,024,713
24,121

$73,526

$1,461,465

$1,000,592

1,650,000
(11%)

800,000
(5 1-3%)
5,098

Balance, surplus or dellcit________ sur.$73,526 def.$188,535 sur.$195,494
B A L A N C E S H E E T D E C . 31.
1908.
1907.
1907.
1908.
L ia b ili t ie s —
$
s
A s se ts —
$
$
Invest. In secur’s - - 11,000,000 11,000,000 Capital stock........15,000,000 15,000,000
Accounts
payable3,005
5,842
Office furniture &
80,486
6,960
2,207 Surplus
fixtures_______
1,000
Adv. to Red Metal
474,277
Mining Co........
180,490
Adv. to Alice Gold
33,162
& Silver Mg. Co.
31,591
Cash In banks and
on hand______ 3,870,410 3,503,156
T otal...............15,083,491 15,012,802
— V. 88, p. 1439.

T otal...............15,083,491 15,012,802

Phelps, Dodge & Co., New York.
18 1909.)
The official statement made Feb. 1819 09, in connection
with the placing on the regular list of the New York Stock
Exchange of 844,934,600 of the authorized issue of $50,000,­
000 capital stock, affords the following information:
The corporation was organized under the laws of New York State on
Dec 11 1908. The corporation docs not directly own or operate any
mining or other plants, but owns the capital stock (except shares required
to auallfy directors) of the following corporations:
A u th o r iz e d .

Issu ed .

O w ned .

Copper Queen Cons. Mining Co-------- $2,000,000 $2,000,000 $1,995,160
Moctezuma Copper Co.......................... 3,000,000
2,600,000
2,600,000
Detroit Conner
1,000,000 1,000,000
1,000,000
slag Canon Fuel Co------------ 500 000
500,000
500,000
The corporation Is the result of a proposal made to the stockholders of
the four above-named subsidiary companies, as outlined In prospectus sent
to each stockholder on Dec. 10 1908 (see V. 87, p. 1536).
The annual meeting of the stockholders of the corporation is held on the
first Tuesday after the first -Monday In April. Registrar of stock. Farmers’
Loan & Trust Co., New York. Transfer office, company’s office. 99
John St., New York.
B A L A N C E S H E E T P H E L P S , D O D G E &, C O . (.I N C .) J A N . 31 1909.

Copper Queen Cons. Alining Co. stock, 199,516 shares at $135_.$26,934,660
Moctemma Copper Co. Stock. 26,000 shares at $307 9-13.
8 ,000,000
Detroit Copper Mining Co. of Arizona stock, 40,000 shares at $150 ®'000>()00
Stag Canon Fuel Co. stock, 5,000 shares at $800.......................... 4,000,000
Organization expense------------------------------------------------------------2 j ,ouu
L i a b i l i t ie s ($44,959,660) —
Capital stock, 449,346 60-100 shares at $100................................ $44,034.600
Phelps, Dodge & Co. (firm)---------- - - - - - - r,-.-t — r . ----------------u,000
Copper Queen Consolidated Alining Company.
Organized under the laws of New York State Aug. 10 1885. Capital
stock, $2,000,000, In shares of $10 each, all outstanding. Property con­
sists of (1) 136 mining claims In the Warren Mining District, Cochise County,
near Blsbee, Ariz., of which 127 are held under United States patents,
one Is deeded to the company and eight are held under location notices;
(2) 21 mining claims owned In Central -Mining District, In Grant County,
New Mexico, 19 tinder United States patent and 2 deeded to the company;
(3) a large smelting plant at Douglas, Arlz., of a capacity of 3,000 tons a
day, which treats the products of the mines of the Copper Queen Co. and
for the time being the ores of the Moctezuma Copper Co. and does general
custom work; (4) large stores and warehouses In Blsbee and Douglas and
branch stoic in Naco, Arlz.; (5) also real estate and mining Interests in
other localities. The output of the Douglas Reduction Works, Including
purchased and custom ores, for five years past lias been 363,121,911 pounds
r p ro(i u ctio n o f C o m p a n y 's M i n e s f o r F i v e Y e a r s — D i v i d e n d s .
1908.
1907.
1906.
1905.
1904.
Production--lbs. 76,125,162 63,341,055 79,219,655 64,625,955 50,151,552
D ividen d s.........$3,000,000 $3,800,000 $6,500,000 $2,300,000
$800,000




LXXXVIII

A n n u a l D i v i d e n d o n $2,000,000 C a p i t a l S t o c k — P e r C e n t .
•08. '07. ’06. ’05. ’04. ’ 03. ’ 02. ’01. . ’00. ’99. ,’98. ’97. ’ 96. '95. ’94. ’93­
150 190 325 115 40 40 40 157 'A 140 100 50 35 20 12 ^ 10 15
From 1898 to 1908 Inclusive the total amount disbursed In dividends
was $30,060,000.
I n c o m e f o r Y e a r e n d i n g D e c . 31.
1908.
1907.
1908.
1907.
$
$
$
$
Profits on bullions,912,255 4,078,867 Net (forward) ..3,827,707 4,115,862
Profits on store
Add lnt. earned. 187,529
115,275
merchandising 155,452
276,995
Total net___ 4,015,236 4,231,137
Total profits..4,067,707 4,355,862 Less dlvs. paid. .3,000,000 3,800,000
Plant deprec'lon 240,000 240,000
1,015,236
431,137
N e t_________ 3,827,707 4,115,862 Sur. br’t forward7,881, 105 7,419,968

Total surplus---------------------------------------- -------- ...$8,890,342 7,881,105
B a l a n c e S h e e t D e c . 31 1908.
($13,533,044) —
L i a b i l i t i e s ($13,533,044) —
Mines and mining claim s..$ 500,286 Capital stock .. _________ $2,000,000
Plant and real estate-------- 2,227,243 Accounts and drafts pay­
Courtland mine developm't
58,183
able _____________ _____ 1 ,181,765
Stocks, bonds, &e----------- *2,181,437 Contingency expense______
14,937
Loans and mortgages------- 288,275 Plant renewal____________ 1 ,440,000
Bills & accts. receivable— 1,512,697 Dal., surplus Dec. 31 '08__ 8 ,896,342
Cash_____________ _______ 1,428,525
Ores, bullion and supplies. .5,336,396
A s s e ts

* Stock bonds,, &c., owned ($2,181,437) Include: Northern Pacific Ry.
Co., $336,000 stock, $291,131; Great Northern Ry. Co., $280,000 pref. stock
$186,017; Great Northern Ry. Co. Iron ore properties, 2,000 shares, $100,­
000; Indlana-Sonora Copper Mining & Smelting Co. stock, 207,257 shares,
$1,367,598; Grecne-Cananea Copper Co. stock, 22,500 shares, $79,741;
Warren Co. stock, $85,000; Blsbee Publishing Co. stock, $1,000; Despatch
Printing & Publishing Co. stock, $500; Insurance dividend scrip, $70,420.
The Aloctczunia Copper Co.
_
Organized under laws of West Virginia Sept. 17 1895. Authorized capi­
tal stock, $3,000,000, In shares of $100 each, of which S -,600,000 Is
outstanding, and remaining $400,000 will not be Issued. Property con­
sists of 38 mining claims covering about 2,500 acres of mineral ground In
the State of Sonora, Mexico, 34 claims being owned through Mexican Gov­
ernment title deeds and 4 by private deed. The Pllares mine Is located
In a mineralized body, oval In shape and about 1,7 0 0 x 1,200 feet, which
retains approximately Its dimensions between surface and the 700-toot
level. A narrow-gauge steam railroad 5 miles in length connects tne mine
through the Pllares tunnei with the concentrating mill at Nacozarl. the
tunnel, with Its branches, Is over a mile in length, the railroad cars reaching
through It the different sections of the mine.
The mine Is at present opened up for an extraction of 1,500 to 2,000 tons
a day of ore of an average grade of 3% . The dally capacity of the concen­
trating mill just completed at Nacozarl Is 2,000 tons. At Nacozarl Is a
well-designed power plant, equipped with Curtis turbines of over 4,000
horse power for transmitting high voltage current to both the mill anil the
mine. For the time being It Is found to be more profitable to convey the
concentrates and rich ores by the Nacozarl UR. to Douglas, Arlz., 70 miles
distant, than to smelt them on the spot, the ores being treated at Douglas
at the same profit to the Copper Queen Co. as though they were custom ores
supplied by an unallled customer.
P r o d u c t i o n o f C o p p e r a n d D i v i d e n d s P a i d o n $2,600,000 S t o c k .
1908.
1907.
1906.
1905.
1904.
Production..lbs. 15,522,580 9,640,390 12,714,726 10,160,016 11,061,649
None
$130,000
$624,000
$364,000
$520,000
Dividends______
Per cent_____ ______
5
24
14
20
In 1902 and 1903 dividends aggregated 12%, or $312,000 yearly. Total
dividends distributed to Dec. 31 1908, $2,262,000.
A production of approximately 2,000,000 lbs. of copper a month can now
be maintained, and, If the market demanded It, this production could be
Increased to 3,000,000 lbs. per month. Owns the whole town of Nacozarl,
and at both Nacozarl and Pllares has large stores and warehouses, conduct­
ing a profitable mercantile business.
I n c o m e A c c o u n t f o r Y e a r s e n d i n g D e c . 31.
1908.
1907.
1907.
1908.
$
S
$
S
611,597 Net earns.(forw'il) 503,679
793,360
Profits on bullion 316,562
lnt. & exchange
19,147
39,876
Store merchan- 1
149,774
dlslng_______ \ 187,117
38,016 Net Inc. for year 522,826
833,236
Ranch, hotel,&cj
Prev. sur. (ailj.) 1,885.159 1,182,770
799,387
Total profit.. 503,679
6,027
Total surplus-2,407,985 2 ,016,006
--------Explosion dam’s
None
130,000
Dlvs. p a id ____
Net earnings.

503,679 793,360 Bal., sur.Dec. 31.2,407,985 1 ,886 ,0 0 6
B a l a n c e S h e e t D e c . 31 1908.
I n a b i l i t i e s ($5,146,569) —
($5,146,569)—
„
Capital stock ................... .$2,600,000
Mines & mining claims----Plant and gen’ l construc’n.3,059,266 Pay-rolls & labor drafts____________ 61,217
Real estate and concessions
31,215 Superintendent’s drafts___________20,179
and accounts pay­
Inventories______________ 532,011 Vouchers
a b le_________________ __
57,188
Bills and accts. receivable.. 339,647 Surplus__________________
2,407,985
Insurance scrip___________
C a s h .................................... 190,539
The Detroit Copper Alining Co. of Arizona.
Organized under laws of Michigan Sept 24 1872
Authorized capital
stock, $1,000,000, In shares of $2o each, ^ .outstanding. / ,
situated In the Clifton District, Arizona, a n d - J ® n^ento andl159
of which 35 are owned through United States^ Governmentspatent* and 15B
thrnmrh floods .md location notices. Ihe me now extiacted amounts to
about 36 000 tons ner month, yielding about 3% of copper. The bulk of
the ore Is con cent rate <l rn'i'l ian1cal 1y to a grade of about 15% and smelted
at A?orencl ?n the company’s own smelting works.
Runs a large store and
hotel and owns considerable other groporty Ji‘ . the to w n of Morencl besides
a powerful pumping: plant on the San Iranciscp IUvcr, 7 miles distant.
P r o d u c t i o n o f C o p p e r a n d D i v i d e n d s P a i d o n $ 1.000,000 S t o c k
1008
1007.
luuu.
-LttUD.
1UU4.
Production lbs 24 223 172 17,974,581 20,347,497 14,632,117 16,424,394
Dividends” . . . . . $480,000
$80,000 $1,100,000
$520,000
$680,000
Per cent
48
8
L0
d2
(58
Prior to 1004 the dividends were: In 1897,
($37,500); 1898 and
1899 each 10% ($100,000); 1900 and 1001, none; 1902, 44% ($440,000):
1903, 52% ($520,000). Total dividends to Jan. 1 1909, $4,0o7,500.
I n c o m e A c c o u n t f o r Y e a r s e n d i n g D e c . 31.
1908.
1907.
1908.
$
$
$
$
565,392 Net Inc. for year 1,072,016 814,874
Profits on bullion 651,279
739,622
136,737 Sur. prev. year.1,355,120
Profits on mer’g. 122,778
A s s e ts

(O ffic ia l S ta tem en t o f F e b .

of C®PP

[V O L .

Total ap. profit 774,057
17,989
Add lnt. earned.
Morencl So.Ry.dlv 13,250
Profit saleM.S.Ry 250,000
T otal____
Less sp’l chges..

299,239
1,280

Total .............2,427,136 1,554,496
702,129
D e d u c t—
1,049
120,000
125,000 Plant ren’l fund. 120,000
80,000
Dividends paid. 480,000
126,649
13,904

T o ta l d e d u c ’ns

6 00 ,000

200 ,000

112.745 Total surplus__ 1,827,130 1,354,496
Net other Inc. 297,959
B a l a n c e S h e e t D e c . 31 1908
L i a b i l i t i e s ($3,764,415) —
Assefs ($3,764,415)—•
Mines and mining claim s.. $585,984 Capital stock___________ $1,000,000
Plant and construction___ 414,243 Current liabilities............................... 162.737
53,037
Options on other properties 325,131 Accident Insurance______
720,000
Insurance scrip___________
13,290 Plant renewal____ _______
1.505
Ores, bullion, gen. supp.,&c. 965,123 Contingency fund_______
1,827,136
Bills receivable___________ 1,000,000 Surpius.........................
Accounts receivable............. 268,932
Cash_____________________ 191,711
Stag Canon Fuel Company.
Organized under the laws of the Territory of New Mexico Dec. H U J...
Authorized capital stock $500,000, In shares of $100 each, all outstanding.
Company owns, by direct ownership, about 11,000 acres of coa <

J une

12 1909.]

THE CH RON ICLE

on which there Is no bonded debt whatever. Also owns and controls the
Dawson Fuel Co. (which owns about 23,000 acres of coal lands adjoining,
and has coal rights on some 17,500 acres additional), through ownership
of the equity In the entire Issue of $1,000,000 stock and 51,000,000 bonds
of the Dawson Fuel Co., transferred through bill of sale from the Dawson
Railway & Coal Co. and the El Paso & Northeastern Co. These bonds and
stock, except directors’ shares, are pledged as collateral and additional
security for two mortgages on portions of El Paso & Northeastern Co.
property (see page 50 of “ Railway & Industrial Section” ), aggregating
$5,000,000 [namely, Dawson lty. & Coal Co., $3,000,000 1st M. and New
Mexico Ry. & Coal, $2,000,000 mortgage, for the latter through deposit
of New Mexico Fuel Co. stock and bonds.-—-Ed.l
The El Paso & Northeastern Co., formerly New Mexico Ry. & Coal Co.,
Is a holding company, but must not be confused with the El Paso <Sc North­
eastern Ry. or RR. Co. There Is absolutely no connection between Phelps,
Dodge & Co. and the. two railroads mentioned, nor Is any railroad associated
or connected with Phelps, Dodge & Co.
All these coal llclds are situated at Dawson, Colfax County, New Mexico,
and were purchased In 1905 to secure a steady supply of coal and coke.
All of these properties have been acquired from the owners of the Maxwell
grant and are therefore held under unquestionable title. There are several
beds of coal on the property, but only one has been prospected and worked.
From.lt 450 acres of coal have been worked out, leaving approximately
34,578 acres available for future extraction. Up to the present six mines
have been opened on the outcrop of a single vein, and equipped for a total
capacity of about 120,000 tons of coal a month: present output about 90,000
tons per month, 50,000 tons passing to the washery and thence to the
coking plant. The capacity of the 550 coke ovens Is 27,000 tons a month:
present output 25,000 tons. The El Faso & Southwestern RR. connects
the coal mines with the copper mines. The operations during the fiscal
year ending June 30 1908, with only a part of the new ovens In operation,
were: Coal mined, 846,473 tons; coke made, 177,043 tons.
No dividends have been paid to date on the stock of the Stag Canon
Fuel Co. Cost of permanent Improvements since the present owners came
Into possession, $2,452,388. The mines are now well equipped and the
plants nearly completed.
I n c o m e A c c o u n t S i x M o n t h s to D p c . 31 1908.
Net earnings_____________ $134,935 Net Income forward_______$199,502
Rents, &c., received_______ 19,567 Less Interest, &c., charges.- 89,793
S. W. Merc. Co. dividend-- 45,000
Balance, surplus________ $109,709
Total net Income__________ $199,502 Dawson Fuel Co. surplus*-- 411,259

1497

Atlanta Birmingham & Atlantic RR.— A p p l i c a t i o n

fo r

R e c e iv e r s ' C e r t i f i c a t e s . —

The receivers have applied to Judge
Pardee of the United States Circuit Court for permission to
issue $3,500,000 receivers’ certificates, to complete the
road and terminals as originally planned. This includes
the construction of a line from Pelham to Birmingham, A la .,
to take the place of trackage over the Louisville & Nashville
and of a branch to reach coal deposits in Alabama
controlled by the company. A hearing will take place on
Thursday next.— V . 88 , p. 1196, 943.

Boston & Maine RR.— W a g e s R e s t o r e d . — The company on
May 1 restored the salaries of officers and employees who
formerly received over $100 per month, which were reduced
1 0 % or more on Feb. 14 1908 — V . S8, p. 504, 373.
Canadian Northern Ry.— N e w M o r t g a g e . — A mortgage
has been filed at Ottawa dated May 18 1909, “ made between
the Canadian Northern R y . Co., the National Trust Co., L td .,
the British Empire Trust Co., L td ., and His Majesty the
King, representing the Province of Saskatchewan,” to secure
an issue of 30-year 4 % guaranteed debenture stock or bonds
on specified lines of railway in the Province of Saskatchewan.
Compare V . 88, p. 1312, 1372.

Chattanooga (Tenn.) Railways.— P l a n O p e r a t i v e . — E . W .
Clark & C o., Hodenpyl, Walbridge & Co. and Graham &
Co., under date of Philadelphia June 8, announced that as
parties of the first and second parts to the agreement with
the Trust Company of North America (of Philadelphia)
dated May 101909, which provides for the consolidation of
$520,968 the Chattanooga Electric Co. and the Chattanooga Railways
Total surplus Dec. 31 1908
Co., they had, in pursuance of the power vested in them by
Surplus transferred from Dawson Fuel Co. as of June 30 1908.
said agreement, declared the same valid and binding and
B a la n c e S h e e t D e c . 31 1908.
the plan therein set forth operative, more than 9 0 % of the
L i a b i l i t ie s ($3,352,739)—
A s s e t s ($3,352,739) —
Mines and mining claims.. $500,000 Capital stock_____________ $500,000 preferred stock of said Railways Company and more than
Improvements & construc’n 34,823 Accounts, &c., payable____________ 147,190
9 0 % of the common stock of said Railways Company having
•Securities owned.............. 2,175,009 Bills payable & long-term
notes__________________ 2,175,009 assented thereto. The firms have instructed the Trust
Current assets------------------- 424,296
Cash_____________________ 218,610 Coal lands’ depreciation____________0,572
Surplus Dec. 31 1908____ 520,968 Company of North America to receive additional deposits
* Including at par Dawson Fuel Co. bonds, $1,000,000, and stock, 51,­ of said stock under said agreement up to and including
000,000; New Mexico Fuel Co. bonds, $1,500,000, and stock, $100,000:
Southwestern Mercantile Co. stock, $15,000; total, $3,615,000, carried at June 15 1909. Compare V . 88, p. 1436, 1372.
$2,175,009.
The capitalization of the proposed company will be:

Officers of Phelps, Dodge & Co.
Pres., James Douglas; V .-F ’s, Cleveland H. Dodge, Arthur Curtiss James,
James McLean; Sec. and Treas., George Notman; Comptroller, VV. F. Crane.
Directors— 3 years: James Douglas, Cleveland H. Dodge, Arthur Curtiss
James; 2 years: James McLean, George B. Agnew, E. Hayward Ferry;
1 year: Francis L. nine, George Notman, Wm. Church Osborn. New York
office, 99 John St.— V. 88, p. 689. 162, 56.

GEN ER AL IN V E S T M E N T N E W S ,
RAILROADS, INCLUDING ELECTRIC ROADS.
Albany & Susquehanna RR.— F a v o r a b l e D e c i s i o n A f f i r m e d .
— The United States Circuit Court of Appeals on Thursday,
in the suit brought by the Aetna Insurance Co. and the
Albany & Susquehanna against the Delaware & Hudson C o.,
for arrears of rent arising from the saving of interest by the
refunding of bonds, affirmed the judgment granted by the
lower Court for $1,107,923 in favor of the Albany & Sus­
quehanna. This compels the D & H . in the future to in­
crease its rental payments by the sum of $120,750, or about
33/2% on the $3,500,000 stock, now receiving 9 % dividends
yearly. Compare V. 88, p. 1196, 938; V . 86, p. 284.
The suit has been conducted by the stockholders’ committee, of which
George F. Butler was Chairman and A. H. Jolinc and the late J. Ilarsen
Rhoades were members, who obtained deposits of a substantial portion of
the stock and the co-operation of the Aetna Insurance Co. and other Insti­
tutions In Connecticut and Rhode Island, and later obtained proxies from
a majority of the stockholders and elected a board of directors and Its
Chairman, Geo. F. Butler, as President of the company.
The mandate or order Is to Issue In ten days, and as the United States
Supreme Court has adjourned for the summer, the decision Is regarded by
the complainants as llnal.— V. 88, p. 1196.

Angelo Power & Traction Co., San Angelo, Tex.— R e c e i v ­
e r 's S a l e . —

The property of the company was sold at receiver’s
sale on May 28 to Sam Crowther of San Angelo, T ex ., for
$38,000.
The sale was made at the request of the Western Electric Co. of Dallas,
who had a claim, It Is stated, for about $19,000.

Argentine Central RR., Colorado.— S o l d . — A Denver
syndicate composed of Gov. John F . Shafroth, Mayor Robert
Speer, Richard II. Malone and A . J. Woodruff, on June 4
closed a deal for the purchase of this road from its owner
and builder, Edward J. Wilcox, for a sum stated as $625,000.
A new company was to take control last week. The “ Denver
Republican” of June 5 says:
The new company will extend the road [ 2 'A miles] to the summit of
Gray’s Peak, which Is 300 feet above the top of Pike’s Peak, and build of
heavy plate glass an Immense octagon observatory, 60 feet In diameter,
and fitted with powerful telescopes. A 100-room hotel Is planned adjoining
the observatory.
The railroad at present Is 18 miles In length from Silver Flume to the
summit of Mount McClelland (at an elevation of 1 1,007 feet). The new
station on the top of Gray's Peak will be the highest railway depot In the
world. General Passenger Agent Tuttle says: “ A new company Is taking
control of the Argentine Central this week, and they propose to give to
Colorado the most unique scenic attraction on the continent, making It
possible to go and return the same day from Denver via Clear Creek Canon,
the famous Georgetown loop. Mount McClelland and the ridge of the
Continental Divide to the summit of Gray’s Peak. Compare V. 83, p. 1170;
V. 88, p. 1312.

Atchison Topeka & Santa Fe Ry.—
S u b s c r i p t i o n s .—

N e w C o n v e r tib le B o n d

It was officially stated that up to the close
of business on Wednesday $8,527,000 of the $49,711,000
4 % and $462,000 of the $26,056,000 5 % convertible bonds
recently outstanding had been converted into common stock.
The right to subscribe for the new convertible bond issue to
the extent of 1 2 % of the stock holdings attaches to stock of
record on the Company’s books at close of business June 16.




Present Chattanooga Railways Co. bonds------------------------------- $2,690,000
Present Chattanooga Electric Co. bonds______________________ 1,038,000
Proposed new mortgage to refund the foregoing Issues at or be­
fore maturity, to provide for present floating debt, and for Im­
provements, additions, &c
Present Issue________________ Not stated
Preferred stock, 5% cumulative from July 1 1909, with prefer­
ence also as to assets and participating with the common in all
dividends after 5% on each class------------------------------------------ 2,000,000
Common stock, par value of shares $100-------------------------------- 3,000,000
Term s o

E xch an ge.

$100 S h a r e o f E x is t i n g —
Chattanooga Rys. pref. stock ($1,000,000)-Chattanooga Rys. com. stock ($2,000,000)-E ach

-----W i l l b e E x ’tanged f o r ----C a sh .
N e w < >m . N e w P f .
-----*$25

-----$50

$100
------

•The depositor receives this amount of cash (equal to $50 for a whole
share) In consideration of his selling one-half his common stock to the
bankers, who are entitled to receive In exchange for the same par In new
common, being the same amount as given the depositor for the remainder
of Ills common shares.— V. 88, p. 1436, 1372.

Chicago & Alton RR.— T r a f f i c

A greem ent

w ill

A ffo r d

See Kansas City Mexico & Orient R y .
below.— V . 88, p. 1127, 822.
Chicago Great Western Ry.— P l a n o f R e o r g a n i z a t i o n .—
J. P. Morgan & Co., by advertisement on another page,
announce to the holders of debenture stock, preferred stock A,
pref. stock B and common stock, that, at the request of
the several protective committees, the firm has consented
to act as reorganization managers in carrying out a plan
of reorganization dated June 1 1909, and will until July 3
receive deposits thereunder of said securities or of the
certificates of deposit heretofore issued by the Bankers’
Trust Co. and the Guaranty Trust Co., when exchangeable
for said securities. J. P. Morgan & Co. believe that a
prompt consummation of the plan will insure to the best
interests of the stockholders of all classes and will place
the property on a sound basis.
O u tlet to

P a c i f i c .—

Before they are deposltable with J. P. Morgan & Co., (a) each $100 of
debenture stock deposited with the Bankers’ TVust Co. Is subject to payment
of assessment of 88 cents, of which amount 50 cents per share Is towards
the compensation of the Read Committee and 38 cents per share Is Its pro
rata share of the expenses. Indebtedness, obligations and liabilities of the
committee; and (b) each $100 of stock deposited with the Guaranty Trust
Co. Is subject to payment of 41.6 cents, of which amount 25 cents per share
Is towards the compensation of the Castles committee and 16.6 cents per
share Is Its pro rata share of the Indebtedness obligations and liabilities
of the committee.)

The official pamphlet affords the following:
Present Condition and Requirements of the System.
The system comprises 1,197 miles, of which 22 miles are leased to the
W. C. F. & N. Ry. and 1,475 miles are operated, as follows:
Lines owned by Chicago Great Western Railway Co— ................ 738 miles
Trackage leased from other companies----------------------------------- 83 miles
As owner of all the stock, and also as lessee, the company operates :
Wisconsin Minnesota & Pacific RR. Co---------------------------- 271 miles
Mason City & Fort Dodge RR. Co. (8 miles operated under
lease and decree of U. S. Circuit Court)------------------------- 386 miles
The company owns the entire stocks (par value) of subsidiary companies:
Mason Cltv
&
Fort
|Wisconsin Minnesota &
Dodge R R ___________$32,841,1521 Pacltlc Railroad ComDekalb & Gt. West.Ry.Co. 111.7711 p a n y ----------------------- $5,893,400
O t h e r stocks owned (at par): Chicago Union Transfer Ry. Co., $57,­
274; Minnesota Transfer Ry. Co., $7,000: St. Paul Union Depot Co., $103,­
600; St. Joseph Union Depot Co.. $25,156; Iowa Transfer Ry. Co., $6,200;
Iowa Development Co., $150,000: Iowa Townslte Co., $10,000: St. Charles
Hotel & Park Co., $23,706; Minnesota & N. W. Ry. Co. (deposited with
Treasurer, $120,000; less, amount received on Dubuque taxes account
thereof ($94,229), $25,771; Iowa .Sugar Co., $12,500.
O u tsta n d in g O b lig a tio n s a n d S to c k .

Notes & other obllg’s-.a$13,500,000 Subsidiary companies-—
debenture stock___ 28,077,089 Wls. Minn. & Pac. RR.
1st M. 4% bonds------- $6,232,000
5% preferred stock A__ 11,336,900
4% preferred stock B — 23,051,942 Mason City & Fort Dodge
RR. 1st M. 4% bonds. 12,000,000
Common stock................ 44,525,420
4%

a

Not Including receivers’ current operating obligations or assets.

THE CH RON ICLE

1498
C a s h R e q u ir e m e n ts .

The casli requirements of the property for the purposes of the reorganiza­
tion, the payment of outstanding debts (other than the mortgage bonds of
the subsidiary companies), and for provision for betterments, Improve­
ments and equipment, are ns follows:
Notes and other obligations, with unpaid Interest accrued and
to accrue, and expenses of receivership and reorganization, say $15,000,000
Oost of rehabilitation, additional terminals, additional loco­
motive terminals and shops, additional equipment, &c..
Immediately to be provided, say---------------------------- --------9,892,274
Total to be provided, say----------------------------------------------------$24,892,274
Plan of Reorganization.
A new company will be formed under the laws of Illinois, or some other
State, to purchase at or after judicial sale the property of the existing
company, Including the stocks of the subsidiary companies, and will
authorize:
(1) F i r s t M o r tg a g e F i f t y - Y e a r 4% gold b o n d s to bea r in terest fr o m S e p t . 1
1909. P r e s e n t I s s u e to be $28,000,000.
The mortgage Is to embrace all the title and Interest of the new company
In the railway properties and securities vested In It through the reorganiza­
tion, and also all other properties hereafter acquired by the use of any
of these bonds.
. ,
,,
(a) $2 8 ,000,000 of these bonds shall be Issuable upon the completion
of reorganization, for the purposes of this plan.
(b) Additional bonds secured by said mortgage to such amount as shall
be determined by the reorganization managers shall be reserved exclusively
for the purposes of deallpg with or of acquiring the first mortgage bonds
of the Mason City & Fort Dodge HR. Co. and of the Wisconsin Minnesota
& Pacific RR. Co., upon such terms as from time to time shall be deemed
proper by the reorganization managers or by the directors of the new
company, under the provisions of the mortgage.
(c) Additional bonds secured by said mortgage to such further amount as
shall be determined by the reorganization managers shall be reserved to
be Issued from time to time In accordance with specific provisions and
carefully guarded restrictions to be Inserted In the mortgage, for the
acquisition or construction of new property and for betterments and cqulpmC(2) 4% P r e fe r r e d S to c k to a n A g g reg a te A m o u n t o f $50,000,000, of which
$41,021,402 Is to be used for the purposes of this plan, and the remainder
Is to be used as from time to time shall be determined by the reorganization
managers or by the directors of the new company.
In each fiscal year until June 30 1914 the holders of the preferred stock
shall be entitled to n o n -c u m u la tiv e dividends at the rate of 4% per annum:
In and for each and every fiscal year after June 30 1914, the preferred
stock shall be entitled to c u m u la tiv e dividends at the rate of 4% per annum
before any dividend shall be declared on any other stock of the company.
In case of dissolution or liquidation the holders of the preferred stock
shall be netltled to receive out of assets the par amount of their stock, and
any accrued and unpaid dividends for any fiscal year or years after June 30
1914, before any payment shall be made upon any other stock. If and
when permitted by law, the new company shall have the right at Its option
at any time to redeem Its preferred stock at par and any accrued and unpaid
dividends for any fiscal year or years after June 30 1914.
(3) C o m m o n S to ck to a n A g g r e g a te A m o u n t o f $46,000,000, of which
$45,245,613 Is to be used for the purposes of this plan, and the remainder
Is to be used as from time to time shall be determined by the reorganization
managers or by the directors of the new company.
P rop o sed

D e liv e rie s

of

the N e w S e c u r it ie s to D e p o s it o r s a n d S u b s c r ib e r s
u n d e r the P l a n .
B o n d s . * P r e f . S to c k .
C o m . S t o c k .*

For syndicate purchasing for $24,­
892,274 cash ____________________ $18,500,000 $10,136,604 $31,641,333
For debenture stock depositors...........
........... 30,884,798
______
For preferred stock A depositors______
______
______ 13,604,280
T ota l..................................................$18,500,000 $41,021,402 $45,245,613
•Voting trust certificates. See below.
N o t e . — The syndicate having purchased the securities here shown will
extend the privilege of participation to holders of common stock and pref.
stock “ B” Indicated In the next table.
B a sis
E x i s t i n g S to c k s
I f D e p o s it e d —
C la s s.

of

P a r tic ip a t io n a n d S y n d ic a t e O ffer.
W i l l R e c e iv e V o t . T r . C t f s . o f N e w C o .
C o m . S to c k .
P r e f . S to c k .
A m o u n t.
Am ount
%
%

A m ount
Issu ed .

Debenture_________$28,077,089
Preferred A ________ 11,336,900
•Preferred B (uponl
payment of $15) 23,051,942
per share-----------J
iCommon (upon )
payment of $151per share_______ J 44,525,420

110

$30,881,798

3,457,791
15

120

$13.604,280

60

13,831,165

6,678,813

$106,991,351
$41,021,402
$45,245,613
•Each 100 shares of preferred stock B pay $1,500 In money and receive
on organization voting trust certificates In respect of 15 shares of new
preferred stock and of 60 shares of new common stock.
x Each 100 shares of common stock pay $1,500 In money and receive
on reorganization voting trust certificates In respect of 15 shares of new
preferred stock and of 40 shares of new common stock.
These payments on common stock and pref. “ B” must be made at the
office of J. P. Morgan & C o . In three Installments, to be at least thlrtydays
apart, when and as called for by advertisement In the New York "Sun”
and New York “ Tribune.”
E a r n i n g s a n d F i x e d C h a r g e s . —-The purpose of the plan Is to effectuate
a reorganization of the property under which (1) the fixed charges may
be safely within the limits of probable earnings and (2) ample provision
may be made for future capital requirements.
In order to ascertain the requirements of the property and Its reasonable
expectation of earnings, careful Investigation has been made by H. G.
Burt, formerly President of the Union Pacific RR. Co., who Is now one
of the receivers of the Chicago Great Western, and by Samuel M. Felton,
late President of Chicago & Alton RR. Co. Their reports are open to
Inspection In New York and London.
Under the plan, the fixed charges. Including rentals and Interest on the
$28,000,000 of 4% mortgage bonds which It Is contemplated may be
Issued for the purposes of the plan (but not Including Interest on bonds
of subsidiary companies) will amount to about $1,980 per mile on the
818 miles operated by the Chicago Great Western Ry. proper. Of these
$28,000,000 bonds, It Is proposed at present to sell $18,500,000, the balance
to be sold only as the proceeds may be required for additions and better­
ments. As It will take probably from two to three years to make the
Improvements suggested In the reports of Mr. Burt and Mr. Felton, the
full fixed charge will accrue only as the improvements and additions shall
be actually completed.
E a r n i n g s p e r M i l e f o r the 818 M i l e s .
G ro ss.

N et.

Year 1905-06 ..............................................................
$10,202
$2,826
Year 1906-07 __________________________ ____ 10,830
2,517
From these figures It would appear that under reasonably normal con­
ditions of business the new company can earn the proposed fixed charges
even without allowing for the substantial Increase In earnings anticipated
from the proposed additions and Improvements. The year 1908 Is not
taken as a basis because of the abnormal business conditions prevailing.
Mr. Burt anticipates that upon completion of the proposed expenditures
the net earnings of the system should reach $4,268,000 and that within a
year or two, after the Improvements are In full operation, should approach
$5,000,000. Mr. Felton anticipates results even more favorable.
Upon consummation of the reorganization as now proposed, and after
all the $28,000,000 of 4% mortgage bonds now proposed to be Issued, are
outstanding, the total fixed charges for rentals and Interest, Including
Interest on the bonds of the subsidiary companies, would approximate
$2,399,280. On the basis of probable earnings stated by Mr. Hurt and
Mr. Felton there would remain a substantial margin of net earnings above
all charges.
, .
, ,
In order to place the company upon an equal footing nvlth Its com­
petitors for economical operation, Mr. Burt and Mr. Felton advise the
expenditure of from $15,000,000 to $18,000,000 within the next three
years. Of this amount It Is proposed at once to provide approximately
$ 10 ,000 ,0 0 0 out of the proceeds of the securities to be sold to a syndicate,
as herein stated. The balance would be provided by sale of the new
mortgage bonds, as funds arc required, up to the amount of $28,000,000
of suoch bonds as already stated.
iJil isai




[VOL. L X X X V III

S y n d i c a t e . — A s ndlcate will be formed by the reorganization managers
to purchase from the reorganization managers the following securities
of the new company:
$18,500,000 first mortgage 50-year 4% gold bonds:
10,136,604 preferred stock voting trust certificates; and
31,641,333 common stock voting trust certificates;
for the aggregate net price of $24,892,274 In cash, together with any Interest
accrued upon the bonds when delivered
The syndicate will undertake to sell voting trust certificates In respect
of shares of such preferred stock and of such common stock to depositors
of preferred stock B and common stock of the present company, at the
rates hereinbefore specified, respectively. Thus the requisite deliveries
to such purchasing depositors under the plan will be provided for.
The compensation of J. P. Morgan & C o . for their services as reorganiza­
tion managers hereunder Is fixed at $500,000 (Included In above Item of
$15,000,000 In preceding table) exclusive of their Interest as participants
In the syndicate and of their expenses.
V o tin g T r u s t . — All stock of the new company (except shares to qualify
directors) shall, for five years after the organization of the new company,
be vested In J. Plerpont Morgan, George F. Baker and Robert Fleming,
as voting trustees, with power to fill vacancies and all other powers to be
stated In the voting trust agreement, whose terms will be prescribed by the
reorganization managers. The voting trust agreement will provide that
upon the written request of the persons then registered as holders of votingtrust certificates In respect of a majority of all the preferred stock then
held by the voting trustees and In respect of common stock to an amount
sufficient, with such majority of such preferred stock, to constitute a
a majority of all the stock then held by such voting trustees, the voting
trust shall be terminated.
R e s tr ic t io n s a s to A d d it i o n a l M o r t g a g e D e b t a n d P r e t e r r c d S t o c k . — No
mortgage other than that mentioned In the plan shall be placed upon the
property, nor shall the amount of the preferred stock authorized under
this plan be Increased, except after obtaining the consent In wilting, of
the holders of a majority of the whole amount of the preferred stock at
the time outstanding, or the consent of the holders of a majority of the
amount of such preferred stock voting at a meeting of stockholders called
for the purpose. During the continuance of the voting trust, the consent
In writing of holders of like amounts of voting trust certificates for pre­
ferred stock shall likewise be necessary for the purposes Indicated.— V.
88, p. 1196, 748.

Chicago Milwaukee

&

St. Paul Ry.— T a l k

of

N ew

B ond.

I s s u e .—

The company has under advisement the question of
issuing a block of bonds, probably, it is supposed, between
§15,000,000 and §30,000,000, chiefly for the construction of
branch lines as feeders of the Pacific Coast extension. A
director is quoted as saying:
The company has In view the Issue of more bonds, but I do not know Just
when they will be marketed, but I should say not right away. The matter
has been left In the hands of President Earllng. The subject Is not one of
Immediate pressing necessity, and could well bo deferred for several months.
— V. 88, p. 1252, 944.

Cincinnati Hamilton & Dayton Ry.— D i g e s t o f P l a n . — The
plan of readjustment announced last week (p. 143(3) has been
summarized for the “ Chronicle” as follows:
Digest of Plan of Readjustment.
P a y m e n t o f P r i o r L i e n C l a i m s . — The plan, which has been the subject of
long negotiation between the B. & O . RR. Co., J. P. Morgan & Co. and the
$15,000,000 notes committee, contemplates the payment or adjustment
of the receiver’s certificates, demand loans and other obligations of the
receiver, and the preferred claims and past-due Interest upon the under­
lying bonds mentioned In Schedule C hereof and upon the purchase money
notes due July 1 1913 and the 1904 refunding mortgage bonds, and the
payment, adjustment or extinguishment of the lloatlng debt, the raising
of funds to meet the cost of necessary additions and Improvements by the
use of the new securities hereinafter mentioned or their proceeds and pro­
vision designed to Increase the company’s earnings.
C a n c e lla t io n o f
P r e f.
S t o c k — R e a d ju s t m e n t . — The plan also contem­
plates the cancellation of $7,751,425 (out of $8,000,000— Ed.) pref stock
and a readjustment of the Indebtedness—either with or without a ju­
dicial sale— the release at an early date of the property from the receiver
ship and the ultimate termination or discontinuance of ali pending judicial
proceedings. The term “ company” Is used herein to designate the Cin­
cinnati Hamilton & Dayton Ry. Co. or any corporation in which Its lines
of railway may hereafter be vested.)
C o n tr o l b y B . & O . o n o r b e fo r e J u l y t 1016 —^
- V o t in g T r u s t U n t il T h e n . — An
agreement has been negotiated between J. 1 . Morgan & Co. and the B. & O.
RR. Co. whereby the ownership of the controlling stock of the company
Is to be acquired by the B. & O. RR. Co. at the end of 7 years from July 1
1909 at a price then to be fixed by arbitrators, and whereby, during the
7 years, said controlling stock Is to be vested In three voting trustees, one
of whom Is to be the President for the time being of the 13. <Ss O. RR. Co.
The plan contemplates the execution of the following mortgages:
1. F i r s t a n d R e fu n d in g M o r tg a g e d ated J u l y 1 1909, A u t h . I s s u e $75,000,000
This mortgage is to cover all the lines of lallway of the company, all Its
leasehold rights, all stocks of subsidiary companies owning operated lines
and all nronertv acnulred by use of said bonds or the proceeds thereof.
The b o n R c u ^ e d aare to be dated July 1 1909, to mature July 1 1959 to
bear Interest at the rate of 4% per annum, payable Jan. 1 and July 1.
Of which there are presently to be Issued $27,.500,000, viz.:
(a) For the payment or adjustment of Indebtedness duo anil
accrued (Including the amount paid by the noteholders
committee for coupons of the refunding bonds oi purchase
money gold notes due July 11913).......................... ..........- - - -*7,500.000
(b) For Improvements now needed------------------------------------------ .>,000,000
(c) For necessary working capital-------------------------------------------- 2,000,000
id) For collateral as aforesaid-------------------------------------------------13,000,000
Reserved for future use, $47,500,000, v ,z-:
(e) For additions, Improvements and betterments-------------------$23,714,000
if) For refunding underlying bonds--------------------------------------- 23,786,000
No "first and refunding mortgage” bonds or the proceeds thereof shall be
applied directly or indirectly to the liquidation of the amount due or to
become due upon or In respect of the 4 A /a notes.
G u a r a n t y .— 1The bonds specified above as (b) and (c) and $5,500,000 of
those named as (a) are to be guaranteed, principal and Interest, by the
Baltimore & Ohio R R . Co.
P u r c h a s e M o n e y 4% N o t e s o f 1908 to b e S e c u r e d b y N e w B o n d s a n d G u a r ­
a n teed b y B . & O.— The bonds specified above as (d) are to be pledged to
secure not exceeding $11,557,000 of the company s4 % (“ purchase money” )
notes [dated 1908), due July 1 1013, which notes (compare V. 86, p. 108 ,
720, 856, 1589) are to be guaranteed by the Baltimore & Ohio RR. Co.
Upon the guaranty of said notes the present 1904 refunding mortgage
bonds are to bo canceled. [These notes are subject to call at par.— Ed.]
2. G e n e r a l M o r t g a g e d ated J u l y 1 1909— T o ta l I s s u e , $20,000,000.
To cover— next succeeedlng to the Ucn of the ‘ firstand refunding mort­
gage” — all the property at any time subject to the lien of that mortgage,
and all other property acquired by use of said- first and refunding mortgage”
bonds or said general mortgage bonds. 1hesc bonds are to be dated July 1
1909, to mature July 1 1939 (but subject to call as below stated), and are
to have coupons attached thereto providing for Interest: (a) fixed or (0) de­
pendent upon the income and the discretion of the board of directors of
the company (as particularly set forth In the mortgage), as follows:
T , H„„„„
(a) F i x e d . (b ) I n c o m e .
During the first two years (from July 1 1909 to
and Including June 30 1911)----- --------- -—
None
4p j% yearly
During the following three years (from July 1
1911 to and Including June 30 1914)
1% yearly 3)4% yearly
During the following two years (from July 1 1914
to and Including June 30 1916)---------------------- 3% yearly 1 M % yearly
Thereafter (from July 1 1916)........ — •
------- 4M % yearly
None
The fixed Interest will be represented by coupons payable Jan. 1 and
July 1, and the Interest dependent upon Income (non-cumulatlvc) will be
represented by annuai coupons payable Nov. 1 of each year.
T r e a tm e n t o f $15,000,000 4 H %
N o t e s , d ated 1905.—The holders of tho
$15,000,000 notes due Sept. 1 1908 are to receive for each
Bud Its coupons $60 In cash and a new general mortgage bond for $1,000
with all Interest coupons as aforesaid.

J u n e 1.2 1 9 0 0 . j

THE CHRONICLE

The Baltimore & Ohio R R . Co. Is also to agree that during July 1916
(or In case at any time prior to July 1916 the B. & O. RR. Co. shall acquire
the ownership of the controlling stock, then during the July next following
the month In which such acquisition shall be made) upon the request of
any holder of_a general mortgage bonds, the B. & O. RR. Co. will either
purchase at 85 and Interest the bonds originally to be issued under the pro­
posed "general mortgage” or give In exchange therefor new 4% coupon
bonds due 1939, secured by the same "general mortgage” (and provided
for therein), and guaranteed by the Baltimore & Ohio HR. Co. as to prin­
cipal and Interest— this latter agreement to apply to all bonds that shall
be presented by their respective holders to the B. & O. RR. Co. within the
period aforesaid, the respective holders to have the option of retaining their
or gina1bonds or presenting them for such sale or exchange, and the B. & O.
RR. Co. to have the right to elect whether It shall purchase at 85 and In­
terest or shall give the new 4% guaranteed bonds In exchange.
New Generals to be Subject to Call.— In consideration of these under­
takings of the I.. & O. RR. Co., the original bonds to be Issued under the
general mortgage are to be subject to call on any July 1 prior to July 1 1916,
on suitable notice, for exchange for such new 4% bonds secured by the
general mortgage as aforesaid, and guaranteed by the B. & O. RR. Co.
as to principal and Interest. The original bonds are also to be subject
to call for payment at par and accrued Interest and the 4% guaranteed
bonds at 103 and accrued Interest after suitable published notice upon any
Jan. 1 or July 1.
Said agreements of the Baltimore & Ohio RR. Co. relative to the new
general mortgage bonds arc to form a part of the general mortgage.
Representative of $15,000,000 4 3-4% Notes Committee to be on Board.— It
has been arranged that until the acquisition by the B. & O. RR. Co. of the
controlling stock of the company a nominee of the $15,000,000 notes com­
mittee shall be a member of the board of directors of the company.
Other Provisions.— The form of all the agreements and Indentures and all
proceedings Involved In this plan arc to be subject to approval by the
counsel for the $15,000,000 notes committee, the counsel for the representa­
tives of $11,557,000 purcahse money notes, the counsel for the B. & O. RR.
Co. and the counsel for J. I’ . Morgan & Co. The expenses and compensa­
tion of the $15,000,000 notes committee. Including fees of Its depositary
and counsel, are to be paid In full as a part of the plan.
Existing Foreclosure Suit is under Consolidated Mortgage— Outstanding
Consols All Pledged as Collateral.— The present foreclosure suit Is upon the
“ consolidated mortgage” of 1905, under which $17,500,000 of bonds were
Issued In 1905; of these, $15,000,OOOare held as security for the|$15,000,000
of notes due Sept. 1 1908 and $2,500,000 are held as security for de­
mand notes aggregating $1,762,670, exclusive of Interest, given by the
company In 1905 for borrowed money.
The consolidated mortgage Is subject to the "underlying bonds" ($23,­
729,425), the refunding bonds of July 1 1904 ($11,557,000), the receivers’
obligations mentioned In Schedule A ($2,141,000), the unpaid Interest
mentioned In Schedule A ($1,046,000), the six months’ lmaterlal claims
mentioned In Schedule A ($1,082,000) to the extent that said material
claims may In pending or other appropriate proceedings be determined
to be a prior lien or charge, and to a portion ofJthe “ accrued liabilities.”
(Schedule B.)
Indebtedness of Company.— The Indebtedness of the company as of April 1
1909 Is estimated to be as set forth In the following schedules:
Schedule A— “ Indebtedness Payable."
(a) Various Items Aggregating $26,473,086.
Receiver’s certificates, demand notes and unpaid vouchers
$2,111 000
Interest past due and unpaid on mortgage bonds of C. II. & D.
^ s u b s id ia r y companies (not Including $17,500,000
of G. H. « D. Ry. Co. consolidated mortgage bonds now held
as collateral nor Interest upon past-due Interest)______ _ . 11,016.000
Principal and Interest of 4 y2% notes dated March 1 1905, due
Sept. 1 1908 (secured by deposit of $15,000,000 of consol,
mortgage bonds, &c.); principal, $15,000,000; lnt., $2,418,750.17,418,750
Demand notes for money borrowed In 1905 (secured by deposit
of *2,500,000 of consolidated mortgage bonds)........................... 1,762,670
blx months claims” for materials and supplies purchased prior
to receivership, now Involved In pending court proceedings... 1,082,000
Other claims for such materials and supplies___________________
53,000
Demand notes for money borrowed In 1905 (unsecured)____ III
892,622
unpaid Judgments based on damage claims, &c., and unllquldated damage and other claims arising before receivership (est.)
200,000
Amount due 1 ere .Marquette RR. Co. on award of arbitrators
approved by c o u r t........................... .......................................... 1,364,000
Advances In connection with Ashland & fronton Bridge Co.,
&c., and Toledo Terminal RR. Co................................................
513,044
(6) Purchase Money 4% Notes dated 190S to be Secured by New Bonds and
r, , , , „ Guaranteed by B. & O. HR. Co. as aforesaid.
I rlnclpal of purchase money notes due July 1 1913 [but subject
to call at par— Ed.) and of 1904 refunding mortgage bonds
(Interest, In default more than six months, Included In second
Item of Schedule A ) ..................................................................... $11,557,000
Schedule B— Accrued Liabilities, $960,000.
Accrued taxes, not due________________________________________ $271,000
Accrued Interest on mortgages mentioned In second Item of
Schedule A and accrued Interest on tho llrst, fourth and sev-.nth Items of Schedule A ____ _______ ________________________ 606,000
Accrued rentals on leases and trackage agreements_______________ 83,000
Schedule C— Existing Funded Liabilities to Remain Undisturbed, Aggre­
gating $23,786,000 (Defaulted interest to be paid).
"Underlying bonds” (so-called), over-duo Interest, Included In second
Item of Schedule A, viz:
Cln. Day. & Ironton RR. Co. lstm tge. 5% , dated 1891, due 1941 $3,500,000
Cln. Day. & Chicago RR. Co. 1st mtge. 4% , dated 1892, due 1942 1,200,000
C. II. & I). RR. Co. 2d mtge. 4 14%, dated 1887, due 1937___ 2,000,000
Gen. mtge. 5% bonds, dated 1892, due 10 1 2 ..____ __________ 3,000,000
Dayton & Mich. RR. Co. 5% consols dated 1881, due 1911___ 2,728,000
Ind. Decatur & West. Ry. Co. 1st mtge. 5% , dated 1895, due '35 3,162,000
Cln. Ind. & W. Ry. Co. "1st & ret. mtge.” 4% , dated 1902, due
1953 ($50,000 held as security)__________________________ . 4,722,000
Cln. Fln.&Ft.W.Ry.Co. lstm tge. 4% , dated 1903, due 1923___ 1,150,000
Cln. & Day. Ry. Co. 1st mtge. 4 Yt%, dated 1887, due 1937
($25,000 held as security)---------------------- ----------------------------- *300,000
Plqua & Troy Branch Ry. Co. 1st mtge. 4% , dated 1899, due
1939 ($25,000 held as security)____________________ _____ ___ *350,000
Toledo Findlay & Spring. Ry. Co. 1st mtge. 6% , dated 1889,
due 1929 (held as security) — .................................................... ..
300,000
Cln. Ind. & West. Ry. Co. equip, notes, dated 1901 (Blair &
Co. trust)_______________________ _________ ______ __________
75,000
Cln. Ham. & Day. Ry. Co. equip, notes, dated 1904 (Robert
Wlnthrop & Co. trust)........- ............................. ......... .................. 1,012,000
Cln. Ham. & Day. Ry. Co. equip, notes, dated 1905 (Rudolph
Kleybolto & Co. trust)---------- --------------------------------------------240,425
— V. 88, p. 1436, 1313.
C oa l & C o k e R y .— W est V ir g in ia T w o-cen t P a s s en g er R ate
H eld Illeg a l.— J u d g e B u r d e tt e in th e C ir cu it C o u r t a t C h a rles­
t o n , W . V a ., h e ld th e ‘2 -c e n t p a sse n g e r ra te la w p a sse d b y
th e W e s t V ir g in ia L e g is la tu r e in 1907 to b e illeg al a n d c o n ­
fis c a t o r y as a p p lie d t o th e c o m p a n y , a n d g r a n t e d a n in ­
ju n c t io n r e str a in in g th e A tt o r n e y -G e n e r a l a n d p r o s e c u tin g
a t t o r n e y o f K a n a w h a C o . fr o m e n fo r c in g th e la w a g a in s t it.
While the decision applies only to the Coal & Coke R y., the general criti­
cisms contained In the opinion as to the numerous unfair provisions of the
law and the unequal treatment of the different roads make It appear likely
that tho Court will hold the Act Invalid as to most, If not all, of the other
roads In the State. Proceedings by other roads are pending.— V. 85, p. 1005.
C o lo r a d o & S o u th e r n R y .— D iv id en d on C om m on S tock
N o t M a d e S e m i-A n n u a l.— In N o v e m b e r la st a n in itia l d iv i­
d e n d o f 2 % w a s d e cla re d o n th e c o m m o n s t o c k ( V . 8 7 , p .
1 3 0 0 ).
N o a c t io n w a s ta k e n b y th e d ir e c t o r s a t th e ir m e e t ­
in g o n J u n e 10 w ith r e fe r e n c e t o th e d e c la r a tio n o f a s e c o n d
d iv id e n d , a n d P re s id e n t H a rris is q u o t e d as s a y in g t h a t th e
c o m m o n is a 2 % s t o c k .




1499

C h a n g e i n O f f i c e r s . — B. F. James, Assistant Secretary and
Assistant Treasurer, at Denver, has been elected Secretary
and Treasurer to succeed E T . Nichols, who resigned. L. E .
Ivatzenbach takes the place of Mr. James. George F. Baker
Jr. has been elected a director to succeed the late J. W
Blythe.— V 88, p. 748, 623.

Columbus (O.) Railway & Light Co.— S a le

o f B o n d s .—

The “ Ohio State Journal” of June 6 says that of the 8490,000
Columbus Street R y. first mortgage 5 % bonds sold last week,
8100,000 were purchased by Richardson & Clarke of Provi­
dence, R . I ., at 103.15 and the remainder by George Eustis
& Co. of Cincinnati and the Huntington National Bank of
Columbus.— V . 88, p. 1436.

Delaware & Eastern R y.— N e g o t i a t i o n s .— A cable despatch
from London to the “ New York Times,” dated June 10,
quotes President F. F. Searing as stating that he has been
in Europe for several weeks in connection with the negotia­
tion of 84,000,000 of the company’s bonds and has “ met with
good success.” — V. 88, p. 563.
Delaware & Hudson Co.— N e w C o a l S e llin g P l a n . — In
order to comply strictly with the terms of the recent decision
on the commodities clause of the Hepburn law, the company
announces that it has arranged to turn over to the Hudson
Coal Co., all of whose stock it owns, its entire present and
future output of coal.
company has been the selling agent for a portion of the DelaHudson Company’s output but the D. & H. transported certain
nnrUn’i
entud str, .utlng, I)0lnts away from the mines before
paitinff with legal title, such coal being kept at the point of storage. Under
mwisolf
enti rc output of coal will be purchased by the
Hudson Coal Co. at the breakers.

ih e official announcement
date of June 1 is as follows:

of

the Coal Company under

Coal Co. has this day arranged to purchase the entire
present and future output of coal mined by the Delaware & Hudson Co.
£ne H . v0n.u0arl^°- take? over and assumes all contracts and obligations
Incurred by the Delaware & Hudson Co. to deliver coal and Is preoared to
Hudson Co ” ordenj for coal from thc former patrons of the Delaware
D e c i s i o n i n A l b a n y <fe S u s q u e h a n n a C a s e . — See that com­
pany above.— V. 88, p. 938, 158

Denton (Tex.) Railway & Light Co.— F o r e c l o s u r e

S a le .—

The property of this company, consisting of 2 % miles of
track through the main street of Denton, power plant real
estate and 2 cars, is to be sold at foreclosure on July 6.
E . F . Bates is receiver.

Inter-State Railways, Philadelphia.— E a r l e P l a n — The
“ Philadelphia Financial Bulletin” of June 10 said:
It was learned yesterday that the plan formulated by George H. Earle Jr
and associates for the continued operation of the Inter-State Railways Co
without foreclosure had been approved by John G. Johnson. The plan
may be announced as soon as Mr. Earle has disposed of the details of the
settlement of the Sugar Trust suit.— V. 88, p. 1197 , 1127.

Fitzgerald, Ga., & Ocilla Electric R y. — M o r t g a g e . — The
company has filed a mortgage to the Windsor Trust Co. of
New York, as trustee, to secure an issue of 8250,000 bonds,
to construct its proposed road, 12 miles in length.
Fonda Johnstown & Gloversville R R.— F i r s t D i v i d e n d o n
P r e f e r r e d . — An initial quarterly dividend of 1> £ % has been
declared on the 8500,000 6 % preferred stock, payable June 15
to holders of record June 10.— V . 88, p. 883.
Great Falls (Mont.) Street R y. — D i s s o l u t i o n . — This com ­
pany, whose property was acquired in June 1906 by the
Butte Electric & Power Co., has been merged with the latter,
and is now in process of dissolution.— V . 82, p . 1437.
Guayaquil & Quito R y . — N e iv B o n d s .— The London Stock
Exchange has granted a quotation to 81 0 ,SOS.000 5 % first
t , -------- ~ 4-___1

i.1.

r,

/U

,

^

lie n m o rt g a g e g o ld b o n d s o f 8 1 ,0 0 0 e a c h , N o s . 1 3 1 to 3 6 3 .
C o m p a re V . 8 8 , p . 5 6 4 , 6 2 4 ; V . 8 7 , p . 1 4 7 8 .
Havana Electric R y .—

P o s s ib le E x c h a n g e o f P r e f . S to ck fo r

B o n d s .—

T h e d ir e c t o r s , it is s t a t e d , h a v e b e e n c o n s id e r in g a
p r o p o s it io n to is s u e 8 5 ,0 0 0 ,0 0 0 5 % b o n d s to ta k e u p th e
p re fe rr e d s t o c k . — V . 8 8 , p . 1 0 6 1 , 7 4 4 .
Haverhill|& Amesbury S treetR y .— N oW — S e e N e w H a m p ­
s h ir e E le c t r ic R a ilw a y s C o . b e lo w .— V . 8 8 , p . 5 2 .
Houghton County (Mich.) Traction Co.— B o n d s

O f f e r e d .—

S to n e & W e b s t e r , N e w Y o r k , B o s t o n a n d C h ic a g o , h a v e
is s u e d a c ir c u la r o ffe rin g a t 9 5 a n d in t e r e s t th e f ir s t c o n ­
s o lid a t e d m o rtg a g e s in k in g f u n d 5 % g o ld b o n d s d a t e d 1 9 0 8 ,
a u t h o r iz e d is s u e S T ,6 0 0 ,0 0 0 , o u t s t a n d in g 8 4 0 0 ,0 0 0 , h e ld
to r e t ir e u n d e r ly in g b o n d s 8 7 5 0 ,0 0 0 a n d r e s e r v e d f o r p e r ­
m a n e n t im p r o v e m e n t s , a t 8 0 % o f a c t u a l c o s t th e re o f, 8 4 5 0 ,0 0 0 .— V . 8 7 , p . 6 1 4 .
Indianapolis New Castle & Toledo Electric R y . —

B id s fo r

C o n s t r u c t i o n .—

T h e U n io n T r u s t C o . o f In d ia n a p o lis , r e c e iv e r ,
w a s to r e c e iv e n e w b id s u n t il M a y 2 4 f o r c o m p le t in g a n d
e q u ip p in g th e r o a d b e tw e e n In d ia n a p o lis a n d N e w C a s t le .
T h e o n ly b id f o r th e w o r k re c e iv e d a t th e f o r m e r tim e f o r
r e c e iv in g b id s o n M a y 1 3 w a s 8 4 4 6 ,5 0 0 .— V . 8 7 , p . 9 7 .
Indianapolis Street R y

. — O f fe r i n g

of

E q u ip m e n t

C e r tifi­

c a t e s .—

T h e b o n d d e p a r t m e n t o f th e F i f t h - T h ir d N a t io n a l
B a n k , C in c in n a t i, is o f f e r in g ,a t p ric e s to y ie ld 4 % % , a b l o c k
o f 5 % e q u ip m e n t c e r t ific a t e s d a t e d M a y 1 1 9 0 9 , d e n o m i­
n a t io n 8 1 ,0 0 0 , in t e r e s t p a y a b le M & N . T o t a l is s u e 8 2 0 0 ,0 0 0 .
F id e lit y T r u s t C o ., P h ila d e lp h ia , t r u s t e e . T h e b o n d s o ffe re d
a r e d u e in a n n u a l in s t a llm e n t s o n N o v . 1 , 1 9 1 0 to 1 9 1 7 in c l.
These certificates are Issued under what Is known as the Philadelphia
plan, covering the purchase of 54 double-truck street cars costing $266,666.
of whlcl 33 1 3% Is paid In cash, or $66,666.— V. 79, p. 151

[VOL. LXXXVTII.

THE CHRONICLE

1500

Kanawha & Michigan R y — C i r c u la r — T h e m in o r it y
s t o c k h o ld e r s ’ c o m m it t e e , G . D . M a c k a y , C h a ir m a n , i n a
c ir c u la r d a te d N e w Y o r k , J u n e 10 1 9 0 9 , s a y s in s u b s t a n c e :
The Chairman attended the annual meeting on June 1 and voted on 31,651
shares being about the same as was voted In 1908. The election resulted
In the’ minority Interests being represented as before by three out of the
nfni-rUrentoA y A trlD of Inspection was made over the entire road, and the
mndUlon found Vo be excellent. It Is not, perhaps, too much to say that
$ 000 000 have been spent .In seven years to rehabilitate the road and bring
it to Us present state. It Is to the changes thus made that the growth of
the earnlPn e r nearly 300% in seven years, is attributable.
T h ? mnft V w endvc change Is Just about completed, namely, the new
steel brldgfovcrPthe OhlS River, and the West Virginia approach -a cut and
M for 2 W miles In West Virginia, an average embankment of 20 feet In
{“ JJff 40 feet across the top and 100 at the base, raising the track at the
nfofuh' of the Kanawha above the freshet level and enabling an engine
Ora ns-4 Otif tv- toncars to pass unbroken over the new bridge, where two
en lfn ^ a n d a sypllt train were the dally rule before. This change has cost
neThfs vear°promlse’s to^brlng the stockholders to the point where their
the Court on June 3 ,and the
euUook for the merger with the Hocking Valley may yet have a favorable
termination. Compare V. 88, p. 1253, 1128.

Kansas City Mexico & Orient Ry .—

A g reem en t fo r In te r -

T h is c o m p a n y a n d th e C h ic a g o * A lt o n
• ItR C o* h a v e e n te re d in t o a t r a f f ic a g re e m e n t u n d e r w h ic h
t h r o u g h t r a in s e r v ic e w ill b e e s t a b lis h e d b e tw e e n C h ic a g o a n d
P o r t S t ilw e ll, th e P a c if ic t e r m in u s o f th e K . C . M e x ic o &
O r ie n t R v - , w h e n th e la t t e r is c o m p le te d .
‘N e w D i r e c t o r s . - V ic e - P r e s id e n t G e o rg e I I .
R o s s o f th e
C h ic a g o & A lt o n h a s b e e n e le c te d a d ir e c t o r .
ch a n a e o f T r a f f i c . —

r,, nrifUtlon to the new directors mentioned In our Issue of May 22 (p. 1313),
' includes, besides A. K. Stilwell. President, and E. Dickinson and
w w Sylvester, Vice-Presidents of the K .C M. & O., also W. A. Rule,
o w aoebel and R. A. Long of Kansas City: Hon. Rolla Wells of St.
L m V a n d A Monroe of Lawrence. Kan. Frederick; Roebllng In our
deviou s list should be Ferdinand W. Roebllng of Trenton, N. J.
C a p i t a l S t o c k — P r o g r e s s o f C o n s t r u c t io n — A g r e e m e n t a s to
B o n d I n t e r e s t . — T h e c a p it a l s t o c k , n o w $ 2 5 ,0 0 0 ,0 0 0 , d iv id e d

in t o $ 1 2 ,5 0 0 ,0 0 0 4% n o n - c u m u la t iv e p re fe rre d s t o c k a n d
4 1 2 50CT 0 0 0 c o m m o n s t o c k , i t is u n d e r s to o d , w ill p r e s e n t ly
b e in c re a s e d to $ 7 5 ,0 0 0 ,0 0 0 , d iv id e d in t o $ 3 7 ,5 0 0 ,0 0 0 4 %
n o n - c u m u la t iv e p re fe rr e d a n d $ 3 7 ,5 0 0 ,0 0 0 c o m m o n s t o c k .
O h c o m p le t io n o f th e s e c tio n b e tw e e n S w e e t w a t e r a n d S a n
A n g e lo , w h ic h w ill b e a b o u t S e p t . 1, a p p lic a t io n , i t is s a id ,
w ill b e ’ m a d e f o r a q u o t a t io n f o r th e p re fe rr e d a n d c o m m o n
s t o c k in N e w Y o r k , A m s t e r d a m a n d L o n d o n . O f th e c o m ­
p a n y ’s o w n lin e , 6 8 2 m ile s a r e a lr e a d y c o m p le te d a n d in
o p e r a t io n , w h ic h in c o n ju n c t io n w it h 12 2 m ile s le a s e d m a k e s
a t o t a l o f 8 0 4 m ile s o v e r w h ic h th e c o m p a n y is n o w h a n d lin g
h i mi n e ss T h r o u g h b u s in e s s b e tw e e n W ic h it a a n d K a n s a s
C it y is b e in g h a n d le d f o r th e “ O r ie n t ” b y th e M o . P a c . R R .

Thera has already been expended on the building and equipment of the

line upwards of $20 ,000 ,000 , being the proceeds of the sale of the capital
stocks ofT h e construction companies, the receipt ofa bou t one-third of the

nnd the sale of bonds of the railway, etc.

The construction

cnmnanle’s up to the present time have received $10,230,000 llrst mortgage
s i n 912 000 preferred stock and $8,525,000 common stock of thu

RaUwav and lt ls understood have already sold app. about $4,000,000
immu which carry the current .coupon. Pending completion of the road
from wTchna to San Angelo at least ^respective of other sections), the
in stru ction companies. It Is stated, have agreed to waive for the time
S
for Interest on the bonds Issued to them, and to provide the
means fo™the >rallvvay company to pay until August 1910 the coupons
o if such of those bonds as the construction companies may sell or dispose
0f.— v . 88, p. 1313, 1196.

Mexican Southern R y.— R e m a i n d e r

of

F ir st

M o rtg a g e

The debenture stockholders
on May 24 authorized the directors to issue, as and when
required, the remaining £200,000 of the £ 1 ,000 ,00 0 first mort­
gage 4 % deben. stock. Compare Y . 87, p. 873; V . 86, p. 721.
D eb en tu re

S to ck

A u t h o r i z e d .—

Minneapolis & St. Louis R R . — N e w D i r e c t o r . — Frank T .
Frazier of Chicago has been elected a director to fill a va­
cancy.— V . 88, p. 1373, 683.

Minneapolis St. Paul & Saulte St. Marie R y.— C o n tr a c t
The company has let to Foley Bros, of St.
Paul, Minn., a contract for the construction of a new line
between Moose Lake, Minn., on the line under construction
between Brooten, Minn., and Duluth, to Thief River Falls,
Minn., 220 miles.— V . 88, p. 1373, 823.

fo r N e w L i n e .—

Mount Carbon

& Port

Carbon R R .— V o t e

o n N e w L e a s e .—

A special meeting of the stockholders of the company will
be held on June 30 to vote on the question of making a new
lease to the Philadelphia & Reading R y. from March 5 1910,
on which date the existing lease will expire.

National Railways of Mexico.— O v e r s u b s c r i b e d . — The sub­
scription books for the $24,000,000 pHor lien 4 y 2 % sinking
fund gold bonds wore closed on June 7, the issue being over­
subscribed both here andtfbroad.— V . 8 8 ,p. 1 4 3 8 ,1 31 8,13 13
New Hampshire Electric Railways.— A c q u i s i t i o n .—

T h is

company acquired control of the Haverhill & Amesbury
Street Railway Co. (V . 88, p. 52) on June 1, and proposes to
reconstruct and re-equip the road at once. The purchase
included all of the equity in the property above the $290,000
outstanding first mortgage bonds. It has not been decided
what now securities will be issued or old ones retired.
V
84, p. 868.

New York State Railways.— N e w S e c u r i t i e s f o r T r o l l e y
S u b s i d i a r y o f N . Y . C e n tr a l & H u d s o n R i v e r R R . — This com­
pany applied to the Public Service Commission at Albany
on June 5 for permission to increase its capital stock from
$23,140,200 to $23,860,200, and to purchase the stock of
various street railroad corporations and to execute a “ first
consolidated and refunding mortgage” upon its property,
rights and franchises to secure $35,000,000 bonds and to
issue $6,500,000 bonds under this mortgage at present.
An exchange says:
The Increase of stock ($720,000) Is to consist of common stock, and with
$674 700 of such stock It Is proposed to purchase from the New York Central
nnri the Central Railway syndicate their holdings of stock of the Rochester
& Suburban Ry Go , Rochester Electric Ry. Co. and Ontario Light &
Traction Co giving in exchange an equal amount of the new stock at par.
The company also desires to acquire from time to time the remaining out­
standing stock of the Rochester & Suburban Ry. and the Rochester Elec­
tric RV Co., amounting to $45,300.
.
,
The sb 500 090 bonds are to be Issued to refund the outstanding bonds
of the Rochester & Eastern Rapid R y., to acquire the Rome City Ry. Co.
bonds Rochester & Suburban Ry. Co. notes, Syracuse Rapid Transit Ry.
Co notes Utica & Mohawk Valley Ry. Co. notes, Ontario Light & Ry. Co.
tes Oneida Ry. Co. notes, Rochester Ry notes and Rochester & Lastji Ranld Rv Co. notes.
In addition to taking cart of the above, proviatnnis inadefor $1 ,693,366 in bonds to provide funds for the acquisition
o f p r o p e r t y , construction and extensions. Compare plan In V 88, p. 53,
686. 823. 945.

Northampton (M ass.) Street R y. — R a te o f F a r e . — For
Marshall & East Texas R R . — N e w S t o c k — E x t e n s i o n . — T h e
c o m p a n y h a s file d a n a m e n d m e n t to it s c h a r t e r in c r e a s in g record it should be noted that the rate of fares which the
t h e c a p it a l s t o c k f r o m $ 7 5 ,0 0 0 to $ 2 5 0 ,0 0 0 a n d p r o v id in g f o r directors in December 1908 voted to increase from 5 to 6
an e x t e n s io n f ro m M a r s h a ll to N e w t o n , 1 2 5 m ile s .— V . 8 8 , cents is now 5 cents, having been reduced on March 3.
— V . 8 8 , p. 625.
p. 7 4 8 , 6 7 7 .
Metropolitan Crosstown RR., New York.— C a ll f o r D e ­
o f B o n d s . — A bondholders’ protective committee has
been organized, consisting of J. Augustus Barnard, Chair­
man- Sylvester C. Dunham, William D . Kelly, Willard V.
King and Eben Sutton, with G. C. Phillips as Secretary,
1 1 5 Broadway, New York City. The committee represents
„ majority of the holders of the $600,000 first mortgage
5 o / bonds due 1920, and requests the deposit of bonds with
the Columbia Trust Co., 135 Broadway, New York, as denntiif'T.rv on or before June 15 1909, under the terms of
A g r e e m e n t dated June 1 . - V . 58, p. 1073.
p o sit

Metropolitan Street Ry., New York.— Deposit o f
B o n d s .— S e e

D iv isio n a l

M e t r o p o lit a n C r o s s to w n R R . a b o v e .— V . 8 8 ,

Philadelphia Co. of Pittsburgh.— N e w

D irec to r

.— George

i?

T n n or has been elected a director to succeed Joshua
R h o d e s , d e c e a s e d .-V . 88, p. 1314, 1250.

Philadelphia

Rapid

Transit

Co . —

S tr ik e

E n d e d .—

The

strike was ended on Saturday of last week:
TTnUnr the agreement with the representatives of tho striking motormen
and conduhctorfftfm surface men will receive 22 cents an hour from Juno 5
?Sno .?T nn» in iflin with the same proportionate increase for the elevated
190n. l° W
iq0st.[n«la'ted that when the books of the company shall have
SeMveHdthe iiu d ltb y th e city Comptroller for 1909 the men will receive a
furtherdadvance if t L financial condition of the company Is satisfactory.
The comDanv also agrees hereafter when the men have grievances to meet
?he1r representatives (not as delegates of a union) one from each barn, and
m itred over The working days are shortened to 10 hours. Hereto­
fore tht mfn have been compelled to remain on duty 15 or 16 hours a d a y

t0 Y ^ F fce -P re sfd en i a n d D i r e c t o r .— Senator Clarence W olf,
who resigned as a city representative on the board, was on
ther P a r tic u la r s . - B e a d i n g the extension of the $708,000 Monday elected a regular director to succeed George H .
first mortgage 6 % bonds from Dec. 1 1910 to Dec. 1 1930, Earle Jr. and also First Vice-President in place of George
D . Widener who resigned several months ago, but remains
a circular dated New York, June 1, says in substance:
1
Offers. If such offer be accepted In writing on or before a director. * At a joint meeting of the Councils yesterday
S
to extend payment until Dec. 1 1930 as follows:
George H . Earle Jr. was elected as one of the three city repre­
J ? Tho Omlder of a bond desiring such extension shall, prior to Aug. 1
,
The hoider or a 'a o n trustee> the Morton Trust Co., at No. 38 sentatives on the board in place of Clarence W olf, and it
1909, tehder the
city , for endorsement thereon of certificate of the
Nassau St., New YorK c n y i « « tho efIect that the bond Is subject to the was said has taken the matter under advisement.
The City Councils yesterday unanimously passed a resolu­
extension of such
hereinafter mentioned and for the appending
w°Uie bond>of forty1new coupons each for $30 Interest, the first being pay- tion instructing the City Solicitor to take proper legal meas­
ab2° JThe bonds shad ^ redeem able or payable by the Mexican Northern ures to determine whether the company, under its contract
T) 2.:
, v ’ in whnle or any part at pleasure on any 1st day of June or with the city, has the right to discontinue the sale of strip
after June 1°1909b Ey payment of 105% of par together with
Intpresf on 90 days' notice. If at any time some and not all of the (six-for-a-quarter) tickets without the consent of the city
b o n ^ not m the sinking fund shall be redeemed or paid off. they shall and demanding their restoration.— V . 88, p. 1438, 1197.

p. 1437, 1373.
Mexican Northern Railway.— E x t e n s i o n

of

B o n d s— F u r­

bV hhe°avreement relieves the railway company after June 1 1910 of the
obUeathm to pay into the sinking fund Interest upon the $952,000 of bonds
now held by the sinking fund; but the obligation will continue to pay 5%
of kross earnings Into such sinking fund, and also Interest upon bonds
additionally acquired by the sinking fund from and after Dec. 1 1910.
The lien and security of the mortgage and the security to the $708,000
outstanding bonds given by the $952,000 of bonds now In tho sinking fund
and by the accumulations of bonds or cash In the sink ng fund after Dec.
i in io are fully continued by the agreement. And all provisions of the
mortgage, except as modified by the agreement, will remain In full force.
The railway company will pay off In cash at maturity any bonds which
shall not be so offered by the holders thereof for certification and extension.
Secretary R. E. Safford, No. 82 Beaver St., will facilitate such extension
and wrtlflcation of the bonds of any holder.—V. 88,!p.ll437.^a ud




Public Service Corporation of New Jersey.— W a g e s

In ­

company, it is stated, has voluntarily in­
creased the wages of conductors and motormen 1 to 4c. an
hour according to length of service, about 700 men, it »
said being affected.— V . 88, p. 1002, 53.
Rockford & Interurban R y . — S a l e — President R . N *
liss informs us that this property has been sold to E . vv
Clark & Co. of Philadelphia, who “ will take all the stocK Dy
July 1 1909.” There is outstanding $1,000,000 common
stock and $50,000 6 % preferred.
crea sed — T h e

J u n e 12 1909.J

T H E C H R O N IC L E

A m a l g a m a t i o n P l a n . — See Springfield Railway & Light Co.
below.— V . 88, p. 1254.
St. Louis Montesano & Southern (Electric) R y. — N e w
M o r t g a g e .— The company, it is reported, has filed a now
mortgage to the St. Louis Union Trust Co. as trustee to
secure an authorized issue of 82,500,000 in place of that
filed in November 1906.

About eight miles of the lino oxtending from St. Louis as far as the
power house is nearly completed and It Is stated will be plac«d In operation
before construction of the remainder of the line Is begun. Stock authorized,
common, 5.3,000,000; preferred, 51,000,000. President and Gen. Manager,
Charles H. Guthc; Vice-President, Edw. Paulc; Secretary, W . H. Guthe;
Treasurer, W . Rupprut.— V. 83, p. 1230.

Santa Fe Raton & Eastern R R ,— B o n d h o l d e r s ’

C o m m ittee.

The following committee has been formed for the protec­
tion of the bondholders of the Yankee Fuel Co. and the
Santa Fe Raton & Eastern R R ., with a view of providing
an equitable plan of reorganization, and requests a prompt
deposit of bonds with the United States Mortgage & Trust
Co. of New York as depositary:
Cowiellua C. Cuyler, Gustav E. Kissel. H. A. V. Post and W. A. Itardor,
with John CL O’Conor as counsel and Calvert Brewer, 55 Cedar St., New
York, as Secretary. Compare Santa Fe Liberal & Englewood RR. in
V. 88, p. 884. See item regarding bankruptcy of E. D. Shepard <& Co. at
foot of page 1038, issue for April 24.— V. 88, p. 625, 749, 940.

Savannah Augusta & Northern R y.— S a l e . — Press reports
State that Judge Emory Speer in the U. S. District Court at
Macon, G a., yesterday made an order directing the sale of
the road on Aug. 3 to satisfy the elaim of the W . J. Oliver
Construction Co. for $286,516.
The Court last week granted the company until June 0 to pay the claim
as llxcd at the above amount by Standing Master J. N. Talley. Compare
V. 88, p. 1089.

Seaboard Air Line R y . — P l a n A p p r o v e d . — The general re­
organization committee, it is stated, has approved the plan
of reorganization formulated by the sub-committee and will
probably issue the same within a few days, its terms being
satisfactory to all the various interests.— V . 88, p. 1002, 625.
Southern Pacific Company.— R e t ir e m e n t

of P r e f.

S to ck -

The directors voted on Tuesday to
redeem on July 15 the 7 % preferred stock ($100,000,000
authorized; $74,863,400 outstanding) under terms that allow
the holder to accept (1) either $115 in cash, (2) common
stock dollar for dollar, or (3) $20 in cash and $100 in 4 y 2 %
debenture bonds, part of a proposed new issue of not ex­
ceeding $100,000,000 due in 20 years, but subject to call
after three years at 105.
See advertisement on another
page.
The following official statement was issued after the
meeting adjourned:
O p t i o n s — N e io

B o n d s .—

The board of directors to-day called for redemption the preferred stock
at $115 per share ou July 15 1909.
At the same time the board authorized an Issue of not exceeding $100,­
000,000 of 4 Yi % 20-year gold bonds or debentures, redeemable after three
years at 105, and provided that any holder of preferred stock so desiring
should be entitled to exchange Ills stock for such \'A% bonds, dollar for
dollar, and receive In addition $20 In cash for each share of stock so ex­
changed.
Thus the holders of such preferred stock now and until and including
July- 15, will have three options.
(1) To exchange such stock for a like amount of said 4 14% bonds and
$20 per share In cash.
.
l 0 convert such stock Into the common stock of the company,
dollar for dollar.
(3) To surrender the said stock on July 15 and reoclve $115 per share
therefor.
v
A semi-annual dividend of $3.50 per share upon the preferred stock
heretofore declared, will be payable on July 15 to holders of such preferred
stock of record as such on June 30, and a quarterly div idend on the common
stock of $1.50 per share will be payable on July 1 to the holders of the divi­
dend warrants appertaining to the common stock. Hence, to guard against
the loss of the dlllerencc In dividends by those desiring to convert their
stock prior to July 1 (when both classes will be ex-dlvidend) the directors
havo provided that holders of preferred stock converting the same now and
leaving an order will, on July 15, be paid the dlirerence In dividends
amounting to $2 per share.
Rending the engraving of the 4H % bonds, temporary ccrtlllcates for
such bonds will be Issued to those desiring to avail of the privilege to exchange
their preferred stock for bonds and cash. The bonds will be of the denonil
nation of $1,000, and to effect exchange the stock must be tendered In lots
of ten shares, or multiples thereof.— V. 88, p. 1438, 1239.

South Shore Traction Co.— F r a n c h i s e

D i s a p p r o v e d .—

The
Public Service Commission on Tuesday voted not to approve
the franchise granted by the Board of Estimate permitting
the company to extend its road from Jamaica to and across
tiie Quccnsboro Bridge.
The Commission bases Its refusal on the ground that the franchise would
« lv c the company absolute oontrol of Thomson Avenue and iioirman
Boulevard. two of the most Important highways In Queens
The Hoard of Estimate yesterday adopted a resolution calling on the
Corporation Counsel to take all necessary steps to obtain a construction
of Section 53 of the Public Service law to definitely determine the Commis­
sion’s powers, It being claimed that the latter has usurped the nowers of
the Hoard of Estimate In llxlng terms and conditions fn the grantinv of
franchises.— V. 88, p. 1198.
s
1 18 01

Springfield (111.) Railway

&

Light

Go.—A m a l g a m a t i o n

E . W . Clark & Co., Philadelphia, and Ilodenpyl
Walbridge & Co., New York, who “ have recently acquired
control of the stock of the Rockford (111.) & Interurban
Railway C o .,” and believe that a consolidation of the control
and management of that property with the Springfield Rail­
way & Light Co., the Peoria Light Co. and the Evansville
Light Company, will inure to the benefit of all the stock­
holders of the several companies, have drafted a plan, dated
June 7, for the organization of a company, to be known
as the Union Railway, Gas & Electric Company, to take
over the ownership of the stocks of the companies named
Stockholders approving the plan are requested to deposit
their stock on or before June 21 with one of the depositaries
namely, Bankers Trust Co., New York; The Trust Co of
North America, Philadelphia; Fidelity Trust Co., LouisvilleColumbia Trust Co., Louisville.
The plan is in brief as follows:
P l a n .—




1501

Total Capitalization of the Four Companies and Their Net Income after
Taxes and Interest for the Year ending April 3 0 1 9 0 9 .
Bonds.
Pfd. Stock. Com. Stock. AnnualSur.

S p r in g fi e ld R y . & L t .C o .
P e o r i a L i g h t C o _________
E v a n s v il le L i g h t C o _____
R o c k fo r d & In t. R y . C o.

$ 3 , 5 0 0 ,0 0 0
3 .5 0 0 . 0 0 0
1 .2 5 0 .0 0 0
2 .7 1 4 .0 0 0

________
$ 1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
5 0 ,0 0 0

$ 3 ,0 0 0 ,0 0 0
2 .5 0 0 .0 0 0
1 .5 0 0 .0 0 0
1 ,0 0 0 ,0 0 0

$ 2 5 8 ,7 3 7
2 1 6 ,4 8 3
9 1 ,6 8 9
1 2 0 ,2 7 9

T o t a l ................................. .$ 1 0 ,9 6 4 , 0 0 0
$ 2 ,0 5 0 ,0 0 0
$ 8 ,0 0 0 ,0 0 0
$ 6 8 7 ,1 8 8
T h e $ 5 0 ,0 0 0 p r e f . s t o c k o f t h e R o c k f o r d & I n t e r u r b a n R y . C o . Is s u b j e c t
t o r e d e m p t i o n a t p a r a n d a c c r u e d d i v id e n d s , a n d t h e p la n c o n t e m p la t e s
su ch re d e m p tio n .

Proposed Immediate Capitalization of New Company.
5 % c o l la t e r a l t r u s t b o n d s , c o n v e r t i b l e I n t o p r e f. s t o c k a t p a r a t
t h e o p t i o n o f h o l d e r , a n d r e d e e m a b le a t p a r a t o p t i o n o f c o . , o r !-$ 8 ,2 5 0 ,0 0 0
6 % c u m u l a t i v e p r e f . s t o c k , ( n o n - p a r t i c i p a t i n g ) , w it h p r e f e r ­
e n c e a ls o a s t o p r in c ip a l a n d s u b j e c t t o c a ll a t 1 05 a n d a c c r u e d
d i v i d e n d s _______________________________________ * _______________________
[T h e s t o c k h o ld e r s o f t h e c o n s t it u e n t c o m p a n i e s t o b e g iv e n
th e s e b o n d s o r t h is p r e f. s t o c k a s t h e y m a y e lo c t , in t h e
p r o p o r t i o n s h e r e i n a ft e r n a m e d .]
C o m m o n s t o c k _____________________________________________________________ 6 ,0 0 0 ,0 0 0
T h e c o l la t e r a l t r u s t b o n d s w ill b e s e c u r e d b y p le d g e o f t h e s t o c k s o f t h e
f o u r c o m p a n i e s n a m e d , w h ic h a r e a c q u i r e d b y t h e n e w c o m p a n y u n d e r
t h e p la n .
A f t e r t h e Issu e o f a s u f f ic ie n t a m o u n t o f th e s e b o n d s t o t a k e
u p t h e s t o c k s d e p o s i t e d , a d d i t i o n a l b o n d s o f t h e s a m e se r ie s m a y b e Is s u e d
f r o m t i m e t o t im e u n d e r p r o p e r r e s t r ic t io n s in t h e m o r t g a g e , t o t a k e u p
V,1, p r , y ln £ bonds a r*d t o p r o v i d e n o t e x c e e d i n g 8 5 % o f t h e a c t u a l c o s t o f
<I) f u t u r e b e t t e r m e n t s , I m p r o v e m e n t s a n d e x t e n s io n s , a n d (2 ) s e c u r i t ie s o f
o t h e r c o r p o r a t i o n s e n g a g e d In b u s in e s s s im ila r t o t h a t o f t h e f o u r c o m p a n i e s
n a m ed a b o v e , o r a n y to th orn .
F o r t h e s t o c k o f t h e R o c k f o r d & I n t e r u r b a n R y . a n d $ 5 0 0 ,0 0 0 c a s h t h e r e
w ill b e is s u e d $ 2 ,0 5 0 ,0 0 0 c o m m o n s t o c k a n d $ 1 ,5 0 0 ,0 0 0 e it h e r o f H ew b o n d s
P J ^ tetT ed s t o c k .
T h e r e m a in i n g $ 3 , 9 5 0 ,0 0 0 n e w c o m m o n s t o c k a n d
$ 6 ,7 u 0 ,0 0 0 n e w b o n d s o r (a t o p t i o n o f d e p o s i t o r s ) n e w p r e fe r r e d s t o c k w ill
b e I ssu e d In e x c h a n g e a s f o l lo w s :
Each $ 1 0 0 of
Will be Exchanged for-

Existing Stock—

Common Stock.

S p r in g fie ld R y . & L t . C o . . $ 5 0
P e o r i a L ig h t C o . p f d . s t o c k
20
P
„ e o r i a L i g hTt C „o . c o m .- s- t- o-c k
- .- 3 0E v a n s v il le L t . C o . p r e f . s t k -----E v a n s v il le L t . C o . c o m . s t k . 1 0 0

(t o t a l $ 1 ,5 0 0 ,0 0 0 )
(to t a l
$ 2 0 0 ,0 0 0 )
(--------tota l
$750
,0 0 0 -)
---------------------------------------( t o t a l $ 1 ,5 0 0 ,0 0 0 )

Combined Earnings of the Four Companies for

12

PrefA Stock or Bonds.
$100
100
70
to o

( t o t a l $ 3 ,0 0 0 ,0 0 0 )
( t o t a l 1 ,0 0 0 ,0 0 0 )
( t o t a l $ 1 ,7 5 0 ,0 0 0 )
( t o t a l $ 1 ,0 0 0 ,0 0 0 )
..

Months ending Apr.

G r o s s ------------------------------------$ 2 ,6 7 4 ,2 1 9 | T a x Q s , r e n t a ls , & c . . _____
N e t f r o m o p e r a t i o n .............. $ l , 3 1 4 , 4 4 0 | B o n d i n t e r e s t _______________

30 1909.
$ 7 9 ,0 5 2
5 4 8 ,2 0 0

Net profits from which to pay Interest and dividends of new co
$687,188
Unless the plan shall have been declared opera ive on or before July 15
1909, the deposited stocks will be returned to the depositors.— V . 87, p. 227.

Syracuse Lake Shore & Northern (Electric) R R .— B o n d s
J. H . Fertig & Co., New York City, and Timberlake & W ebb, Portland, Me., are offering, at a price to net
about 5 } 4 % , 8450,000 of first mortgage 5 % gold bonds,
dated May 1 1907 and due April 1 1947; authorized issue,
$2,500,000; outstanding, $1,675,000. The Bank Com­
missioner of the State of Maine on June 1 issued a certificate
declaring these bonds to be a legal investment for savings
banks in that State. They were already exempt from per­
sonal tax in New York Stato. A circular says:
O f f e r e d .—

The authorized Issue Is $2,500,000, of which $1,670,000 Is outstanding,
and the balance is reserved to be issued for the necessary extensions and
Improvements on the existing lines, in accordance with the terms of the
mortgage securing the bonds.
The property comprises the original railroad from Syracuse to Baldwinsville, N. Y , now merged and practically rebuilt: a new line from Baldwinsvllle to the city of Fulton, now in operation; the original Oswego Traction
Co. properties, now merged and extending out of the city of Oswego as
far as the town of Mlnetto. Work has begun on the connecting link from
the city of Fulton to the town of Mlnetto, which, when completed, will
make a through {interurban line from Syracuse via Baldwlnsvllle, Phenix,
I'ulton and Mlnetto Into Oswego, a distance of about 38 miles between
te,£ l.nals' ? n,d wlttl a total trackage In operation ctf about 70 miles.
This road Is a part of the so-called “ Beebe system of Interurban Rail­
roads” In Central New York.— V. 85, p. 655.

Third Avenue R R ., New York.— T e n t a t i v e P l a n . — The
bondholders' committee, J. N . Wallace, Chairman, has sub­
mitted a tentative plan of reorganization to the Public
Service Commission, First District. The provisions of the
plan are withheld, but it is understood to involve a rather
heavy assessment on the stock, possibly 2 5 % or more, and
the exchange of the present outstanding first consols partly
for bonds and partly for stock of the reorganized company.
Receiver Whltridge, It Is said, favors the acquisition of a crosstown line,
and it is suggested that the 59th St. line, owned by the Central Park North
& East River RR. Co., would be a desirable adjunct If suitable terms can
be made.— V. 88, p. 1374, 1314.

Toledo (O.) Railways & Light Co.— E x t e n s i o n o f 5 % B o n d s
6 % . — The company has arranged with Blair & Co., New
York, for an extension of the time of paymentof the $4„234,000
Toledo Traction Co. 5 % consolidated first mortgage gold
bonds and the $1,066,000 Toledo Consol. Street R y . Co. S %
first mortgage bonds, maturing July 1 1909, until Jan. 1
1912, with interest at the rate of 6 % per annum, payable
semi-annually, subject to redemption at the option of this
company at any time on 60 days' notice by publication, as
provided in the agreement for extension. Holders of bonds
desiring to avail themselves of the privilege of extension
must present the bonds (ex coupon due July 1 1909) at the
office of Blair & Co. on or before June 28 1909, to have
annexed thereto certificates of extension and new coupon
sheets. Holders of bonds who do not desire the extension
will receive par for their bonds upon delivering them on or
after July 1 1909 to Blair & Co. See advertisement on
another page.— Y . 88, p. 1374, 1255.
at

INDUSTRIAL, GAS AND MISCELLANEOUS.
Amalgamated Copper Co.— R e p o r t .— See “ Annual Re­
ports” on a preceding page.
N ew
D i r e c t o r s . — J. Horace Harding, of C. D. Barney <fc
Co., and Gen. James Jourdan, President of the Brooklyn
Union Gas Co., have been elected directors to succeed the late
H . H . Rogers and Anson R . Flower.
N e w P r e s i d e n t .— John D . Ryan has been chosen President
in place of H . H . Rogers, deceased.
American La France Fire Engine Co.— I m p r o v e m e n t s .—
The company, we are informed, has completed the concen-

THE CHRONICLE

1502

tration of its various plants at Elmira, N . Y . New concrete
buildings have been constructed at a cost of about $400,000,
and these extensions and improvements are being paid for
from earnings. The abandoned plants at Cincinnati and
Seneca Falls will be sold. The business of the company
for the first five months of this year shows a consider­
able increase over the same period in 1908, the gain in orders
booked being 2 4 % and in actual shipments 2 9 % .— V . 83,
p. 1100.
American Sugar Refining Co.— S e ttle m e n t o f L i t i g a t i o n . —
It was announced on Tuesday, after all the evidence had been
put in at the trial of the suit of the Pennsylvania Sugar
Refining Co. against the company (V .8 7 ,p . 1608), to recover
triple damages for alleged violation of section 7 of the
Sherman Anti-Trust Law before Judge Holt in the United
States Circuit Court in this city, that the case had been
settled out of court. Secretary Heike of the American
Sugar Refining Co. issued a statement saying:
The suit pendlngMn this city against the American Sugar Refining Co.
was brought to recover the sum ol $30,000,000. A suit In connection with
the same matter, also tor damages, was brought In the State of New Jersey
and Is pending on appeal to the Court of Errors of New Jersey from the
decree dismissing that suit (V. 8 8 , p. 712). Other phases of the matter
are pending In the courts of Pennsylvania. A settlement, advised by
counsel, has been made, which terminates all these litigations on terms
which It has been agreed shall not be made public pending the application
to the Pennsylvania courts by the receiver for leave to make the settlement.

Newspaper rumors are to the effect that the terms of
settlement involve the payment of $750,000 cash, the
cancellation of the $1,250,000 loan made to Adolph Segal
and the return of the collateral given therefor, including
$500,000 bonds and $2,600,000 stock of the Pennsylvania
company and $1,000,000 bonds of the Majestic apartment
house, Philadelphia.— V. 88, p. 1130, 943.
American Woolen Co., Boston.— F a v o r a b l e O u t l o o k . —
President William M. Wood says in substance:
The outlook has never appeared more promising. We have more ad­
vance orders than ever before, anil there appears to be a total absence of
speculative features. We are already receiving many Inquiries In advance
of the opening of our spring 1910 sales next month. There Is every evi­
dence that business Is on a substantial basis, arising from exhausted stocks.
The long-continued advance In the price of wool (the raw material) In
Europe and Australia, as compared with a year ago, has been reflected In
prices of yar.is In this country, as Indicated by the following table:
P rices of
W o ol—

W ool and

W orsted

Y ea r ago. N o w .

I

Y a rn s

(cents per p ou n d ).

W orsted yarn —

Y ea r ago. N ow

H blood In the grease^____ 23
35[2-40s J4 blood staple..90® 05 $ 1.20
*4 domestic wools_________25
30 I Fine staple 2-40s._ ..........$l'.00 1.30
30 X blood 2-32s-----------------7714
95
H blood staple____________ 22
Fine staple______________ 20
28 |2-30s from % wool.......... 85 $1.12)4
The great advance In prices of raw material naturally tends towards higher
prices for finished goods; as a guess, I should say the advance In cloth
would range from 12)4 to 25% over the prices of a year ago.— V. 88 , p.
1199, 023.

Automatic Electric Co.— B o n d s C a l le d . — Forty-six Scries
A , and twenty Series B , 1st mortgage 6 % bonds have been
drawn for redemption on July 1 at par and interest at the
First Trust & Savings Bank, Chicago, trustee.— V . 88, p. 688.
Baldwin Locomotive W orks, Philadelphia.— I n c o r p o r a ­
t i o n .— The company was incorporated at Harrisburg, P a.,
on June 8, with $10 000 authorized stock (to be increased
later to $20,0 0 0 ,0 0 0 ,all of one class),by the members of the
old firm of Burnham, Williams & C o., to succeed to the
assets of the latter
The entire stock will be held by the present members oflthe firm— George
Burnham, John H. Converse, William L. Austin, Samuel L. Vauclaln and
Alba 13. Johnson— who will be the only directors. There will be, It Is said,
no bonded debt. The change Is made to place the property In a more
modern form and to facilitate the transaction of business and the convenient
adjustment of Its affairs In case of the death of any of Its owners. Compare
V. 80, p. 231. 422.

Butte (Mont.) Electric & Power Co.— M e r g e r .— See Great
Falls Street R y . under “ Railroads” above.— V . 87, p. 547.
Chattanooga (Tenn.) Electric Co .— C o n s o li d a t i o n P l a n
O p e r a t i v e .— See Chattanooga Railways under “ Railroads”
a b o v e — V . 88, p. 1375, 1315.
Columbus (O.) Citizens’ Telephone Co .— O f fe r o f P r e fe r r e d
S t o c k .— Referring to the offer to the stockholders to sub­
scribe for $150,000 preferred stock, Secretary G. R . Johnston,
in a circular dated May 18, says:
The stockholders, by resolution duly adopted at a meeting on April 24
1907, authorized the directors to sell the remaining unissued $250,000 pre­
ferred stock at such time or times as they deemed best and expedient for
the purpose of raising money to pay for additions and enlargements of
the plant and system of the company. In said resolution It was provided
that said stock should be first offered to the preferred stockholders at not
less than par. The directors are certain that the sum of $150,000 can be
very profitably and advantageously Invested In Increasing the plant at
the present time: and at a meeting held on May 17 1909 resolved to sell
$150,000 of the unissued preferred stock and to apply the entire proceeds
to the payment of additions and enlargements.— V. 88, p. 1375.

Consolidation Coal Co., Maryland .— B o n d I s s u e .— The
shareholders on June 9 authorized an issue of $3,000,000
sinking fund 5 % secured by first mtge. to the Fidelity Trust
Co. of Baltimore, as trustee, covering about 30,000 acres of
coal land in the Miller’s Creek region in Kentucky. The
Miller’s Creek R R . Co. has been organized in the interest of
the coal company to build from Paintsville, K y ., on the
Chesapeake & Ohio, into the property.— V .8 8 , p .1 3 7 5 ,1 3 1 5 .
Empire Steel & Iron Co .— P r e fe r r e d D i v i d e n d R e s to r e d to
6 % R a t e .— The directors on June 9 restored the semi-annual
dividend, payable July 1, on the $2,500,000 6 % cumulative
preferred stock to 3 % , as paid in 1907 and 1908, contrasting
with 1 y 2 % P ^ 1 last January. Compare V . 87, p. 1607;
V . 88, p. 628.
Evansville (Ind.) Light Co.— C o n s o l i d a t i o n .— See Spring­
field Railway & Light Co. under “ Railroads” above.— V . 83,
p. 754.
Kings County Lighting Co., Borough of Brooklyn, New
York City .— B o n d s O f f e r e d .— N W . Harris & C o., New




[V O L . LXXXV III.

York, and Boston, and the bond department of the Harris
Trust & Savings Bank, Chicago, are offering for sale the
unsold portion of a block of $1,000,000 first refunding
mortgage 5 % gold bonds, dated July 1 1904 and due July 1
1954, but redeemable on and after Jan. 1 1940 at 105 and
interest. Denomination $ l,0 0 0 c :i!. Central
Trust
Co.
of New York, trustee. Interest J. & J. in New York City.
Price 101 and interest. See advertisement on another page.
A circular says:
The company, operating, In the opinion of counsel, under franchises
unlimited In duration, does the entire gas business of the 30th Ward of
the Borough of Brooklyn, New York City, serving a rapidly growing
population of over 60,000.
Financial Statement.
Authorized.
Outstanding.
Stock (dividends are being paid at rate of 6% per an.) $2,000,000 $2,000,000
First refunding mortgage 5s------------------ 5,000,000
1,603,000
Reserved to retire Kings Co. Gas & III. Co.
$750,000 5s, due Oct. 1 1940 and $250,000
deb. 5s, due Jan. 1 1910-------- --------------------------------- 1,000,000
To be Issued for additional property, extensions
and Improvements.............................
2,397,000
Earnings tor the Year ending April 30 1909
Gross receip ts.....................$517,939 IInt. on $2,603,000 bonds..$130,150
Net after taxes.................... 247,799 |Surplus................................... 117,649
The estimated net earnings for the calendar year 1909 are In excess
of twice the Interest charges on all bonds outstanding.
The gas works are located on valuable land lying between 54th and
55th streets and running west from First Ave. to the pier line of New
York Bay. At 65th St. and 9th Ave. the company also owns a piece
of property on which arc built the storage holders, with ample room for
additional holders. The location Is advantageous for economical operation,
the company having extensive dock facilities. The company reports
that It has 143 )4 miles of mains, whichsatisfactorily coverthe territory
served and a large Increase Inbusiness can be obtained at a relatively
small expenditure.
,
,
„
As successor of the Kings County Gas & Illuminating Co., serves the
rapidly growing territory known as the 30th Ward of Brooklyn, Including
Bay Ridge, Fort Hamilton, New Utrecht, Bath Beach, Bensonhurst,
Unlonvllle, Borough Park, &c. In 1900 the population of this section,
which Is entirely residential, was 24,700; In 1908 It was 59,379, anil It Is
now conservatively estimated at over 60,000, with considerable Increase
throughout the summer months. The company also has a contract for
municipal lighting which runs until 1916. The franchises are, In the
opinion of counsel, unlimited In time.—'V. 79, p. 215.

Lake Superior Corporation.— M e w D i r e c t o r s . — J. F. Taylor,
II. Coppell and J. S. Dale of New York have been elected
directors, to succeed C. S. Hinchman of Philadelphia and
L. II. Hirt and R . Wilson-Smith, both of Canada.— V . 88, p.
1200, 1065.
N o t e C a ll b y N e w A l l y . — See Lake Superior Investment
Co. below and compare V . 88, p. 1065.— V . 88, p. 1200.
Metropolitan Home Telephone Co. of Boston.— F u l l

O p in ­

io n o f C o u r t .—

The opinion of the Supreme Court (written by
Judge Rugg) referred to last week was given at length in the
“ Banker and Tradesman” of Boston of June 5, page 1415.—■
V . 88, p. 1441.
Mexican Light & Power Co.— I n j u r y to N e c a x a TForfcs.—
Managing Director R . C. Brown is quoted as saying that the
damage caused by the sliding of a portion of the filling on the
inner side of the Necaxa dam into the reservoir is far less than
has been reported. The statement that the cost of repairing
the damage will amount to $2,000,000, he says, is “ grossly
exaggerated.” — V . 88, p. 948, 886.
National Enameling &] Stamping Co.— N e w B o n d s O f ­
Lei man Bros., Hew York, and Goldman, Sachs & Co.,
New Y o r k , Chicago and Boston, have purchased, and are offer­
ing for sale, at 98j^j and interest, yielding about 5 ) ^ % ,
the unsold portion of an issue of $3,500,000 refunding
first mortgage real estate sinking fund 20-year 5 % gold bonds
dated June 1 1909 and due June 1 1929, but subject to call
at 105 for an annual sinking fund of $100,000. Interest
payable J&D . Par $1,000; coupon and registered bonds
interchangeable See advertisement on another page.

f e r e d .—

Dio-Pif nf letter from President P. A. VV. Kicckhefcr, New York, June 5 1909.
U The till an t hod zed Issue Is to be $3,500,000 bonds, to bo secured by a
first mortgage* on the real estate and buildings, machinery, tools, fixtures
nnd oX rln nurtenan ces at Berlin, Long Island; Baltimore, Md.; Milwaukee,
V
c S
i ^GOTlto City, 111. and St. Louis. Mo. These properties,
upon which the mortgage will constitute a first lien, are conservatively
VaThe companyhas now outstanding $750,000 5% ’ mortgago bonds, redeemab e fzTo OOO Sept. 1 1 909, $250,000 Sept. 1 1010 and $250,000 Sept. 1
1911 5 Tile new mortgage will provide that out of the proceeds of the bonds
the company shall deposit with the Columbia Trust Co. bonds of the City of
Ne\v York oJ the value of $750,000 to prov dc for the payment of the above
mentioned $750,000 outstanding bonds as they mature. 1 he new mortgage
wlU accordingly be a first mortgage on all the above enumerated properties.
The remainder of the proceeds of the bonds will be used to discharge the
floating debt, so that the company will be free from all debt except the bonds
t0TheScomnany has at present quick assets consisting of merchandise, book
accounts bills receivable and cash In excess of $j ,000.000. The mortgage
Is to provide that the liquid assets of the company shall at all times be of an
amount at least equal to the then aggregate debts, Including the outstanding
b°From fthe annual‘reports of Dcloltte. Plunder Griffiths & Co.. English
chartered accountants, you will note that the net earnings extending over a
Derlod of nine years, since organization have averaged $ t ,219,649 per annum.
Under the provisions of tho mortgage, the bonds will bo redeemable at 105
bv annual drawings by means of an annual sinking fund of $ 100 ,000 , to
which will be added the Interest on the redeemed bonds. This sinking fund
will be sufficient to redeem all the bonds at the expiration of twenty years
at a premium of 5% but with the privilege to the company to purchase and
surrender bonds annually Into the sinking fund, provided the same can be
purchased at less than lOo.
Application will be made In due course to list the bonds on the New York
Stock Exchange.— V. 87, p. 542.

North Penn Gas Co.— F o r e c l o s u r e . — The property was sold
at foreclosure in Philadelphia on June 9 for $25,000 to Emil
Rosenberger, an attorney representing, it is reported, the
bondholders.
■ suit was brought by the Commonwealth Title Insurance & 'I rust
is mortgage trustee, there being, it Is stated, $225,000 bonds out­
ing '['he estate of the late Robert N. Carson Is understood to hold
to 90% of the bonds and a large majority of tho stock.

iio Fuel Supply Co
Oross.
.$2,568,960

— R eport

For year ending
April 30:
™--------------J!~

Expenses
$1,283,359

Net.
Dtv. (10%).
$1,285,609 $700,000 5»85,OOU

T H E C H R O N IC LE

J u n e 12 1909. ]

1503

Outing Publishing Co., Deposit, N. Y . — S a l e . — The Outing
Magazine, owned by the company, was sold by the receivers
for $30,000 on June 8, with the approval of Judge Ray of
the Federal Court, to Thomas H . Blodgett of Chicago, who
will continue the publication.

3 mos. ending
Net .
Interest
Dividends
June 30—
Revenue.
Charges.
Paid.
1909 (estimated). ..$1,700,000
$433,062
(?4)$747,400
433,062
•(>4)497,546
1908 (actual)______ 1,579,660
12 months.
1908-09 (estimated) $7,179,912 $1,732,249 (2 M)$2,739,443
1907-08 (actual) . . . 3,402,997
1,732,250 * (1 >4)1,714,571

The property was Involved In the failure of Knapp Bros., private bankers
of Deposit. See Item under “ Items about Banks, Bankers and Trust
Companies” on a previous page.

* The dividends for Dec. 1907 and March 1908 quarters, 1 X % each,
paid In stock, are not deducted above.
Total surplus (estimated) June 30 1909 Is $17,102,077.

Passaic Steel Co.— N e w S a l e O r d e r e d . — Judge Lanning
in the United States Circuit Court at Trenton on Monday
set aside the former sale on May 29 on the ground of irregular­
ities at the time of sale and appointed former Chancellor
Magee as master to conduct the re-sale after further ad­
vertisement.— V . 88, p. 1441.
Pennsylvania Sugar Refining Co.— S e ttle m e n t

of L itig a tio n .

— See American Sugar Refining Co. above.— V . 88, p. 1065.

Peoria (111.) Light Co.— C o n s o l i d a t i o n . — See Springfield
Railway & Light Co. under “ Railroads” above.— V . 88, p.
381.
Phelps, Dodge & Co., New York.— S t o c k o n 1 0 % B a s i s —
The directors on Thursday declared a second quarterly divi­
dend of 2 > £ % , payable June 30 to holders of record June 23,
thus placing the stock on a 1 0 % basis.
O f f i c i a l S t a t e m e n t . — See “ Annual Reports” on a preceding
page.— V . 88, p. 689, 162.
Portland (Ore.) Gas Co.— S to c k O f f e r e d . — Morris Brothers,
Portland, Ore., have recently been receiving subscriptions
for $150,000 of the company’s capital stock, in lots not to
exceed 50 shares, at par, $100 per share. Transfer agent,
Franklin Trust C o., N . Y . and Brooklyn. A circular says:
Capital stock authorized, $3,000,000; Issued (Including present
Issue $150,000)____________________________________________ $2,000,000
Bonds authorized and outstanding (1st M. 5s, due Aug. 1 1951)
(V. 75, p. 1150)----------------------------------------------------------------750,000
Convertible notes authorized and Issued (V. 86, p. 921)______
500,000
The company was Incorporated under the laws of Oregon Aug. 1 1892
(succeeding the Portland Gas Lght Co. and East Portland Gas Co.) and
operates by perpetual franchise rights from the city of Portland. Owns
a modern gas manufacturing plant, dally capacity 5,000,000 cu. ft., located
on valuable water frontage contiguous to the Industrial centre of Portland,
and other valuable city realty; also 240 miles of mains covering the entire
city and serving directly over 23,000 patrons, who consumed for the year
1908 upwards of 755,000,000 cu. ft. of gas. The assets aggregate approxi­
mately $3,400,000, against the total liabilities of $1,350,000. Continuous
dividends have been paid on the stock since 1901, the annual rate since 1905
being 6% , payable quarterly, which rate It Is expected will be Increased In
the near future.
Earnings tor the Year ending Dec. 31 1908.
Gross receipts
..................$697,8861 Interest charges----------------- 878,852
Net (after taxes)__________ 249,918 [ Dividends (6 % )---------------- 110,625
Surplus__________ _____ _________________ _______ - ......... ..........$60,441
An annual sinking fund, for depreciation, of approximately 4% Is being
ct aside, besides substantial expenditures for extensive betterments, up­
keep, &c.; the outlay for Improvements during the year 1908 being $223,639.
— V. 86, p. 921.

Pressed Steel Oar Co.— $500,000 N o t e s to b e P a i d A u g . 2 . —
The company will on Aug. 2 anticipate the payment of $500,­
000 of its first mortgage gold notes due Feb. 1 1910. This
will leave outstanding, of the original issue ofa$5,000,000
(V . 72, p. 343), only th e$500,000 bonds due Feb. 1 1911 —
V . 88, p. 509, 502.
Republic Iron & Steel Co.— D i v i d e n d s R e s u m e d .— On
June 4, after an intermission of 15 months, there was de­
clared a regular quarterly dividend of 1 % % (N o. 29) and
' also Y i of 1 % on account of deferred dividends on the $20,­
416,900 7 % preferred stock, payable on July 1 1909 to stock­
holders of record on June 21 1909.
Previous Dividend
Oct. '99 to Oct. '03.
Regular . _____
7% yearly.
Also account of def. dlvs., Jan.
vearly.— V. 88, p. 1376, 1317.

Record of Preferred Stock.
1904. Oct. '05 to A pr. ’08.
No c
7% yearly.
None since.
1906, 1 % ?G; April 1906 to July 1007, 8%

Rhode Island Dyeing & Finishing Corporation, Woon­
socket, R. I . — F o r e c l o s u r e .— At the foreclosure sale on
June 9 the property was sold for $1 5,000 to Harrison W .
Bowker of Worcester, Mass., representing the bondholders,
who, it is said, will later dispose of the same.— V . 88, p. 1442.
Rochester Telephone Co.— D e c i s i o n .— The Court of A p­
peals at Albany on June 8, press reports state, affirmed the
decision of the Appellate Division of the Supreme Court,
which held that the company, under the contract of its
predecessor, the Home Telephone C o., cannot charge more
than $48 per year for telephone service and that the city
should get certain free service.
It was held that the company assumed all the old contracts, the company
on the other ha d claiming It was not bound thereby.— V. 86, p. 1534.

Streets

Western

Stable

Car Line, Chicago. —B o n d s

A u t h o r i z e d .—

The stockholders on May 29 ratified the pro­
position to issue $2,000,000 of first mortgage 5 % 18-year
bonds to be dated June 1 1909, with certain portions of the
principal to be retired annually. The F irstlru st &Savings
Bank of Chicago is mortgage trustee.
The bonds have been underwritten by a Chicago firm and will be offered
for sale In the near future. The sinking fund requirements and Interest
charges will amount to about $1751000 a year.
President Grossman stated recently that It had not been decided whether
or not the car lease warrants(si,512 , 190 on Dec. 31 1908) maturing on
March 1 1912, which arc a Hen on the property, would be refunded at once.
Under the mortgage securing the car trust notes the company cannot pay
more than 2% annually, the present rate, on Its common stock.— V. 88
p. 1435, 1376.

Suburban Construction Co., New Y ork. —
t u r i t y .—

D a te

of

M a­

The 6 % debenture bonds referred to last week mature
in November 1918, but are subject to call at par on any
interest date, May 1 and N ov. 1.— V . 88, p. 1442.
Western Union Telegraph Co.— E a r n i n g s .— For the 3 and
the 12 months ending June 30 (partly estimated in 1909):




Balance,
Surplus.
$519,538
649,052
$2,708,220
def.43,824

President R . C. Clowry says:
The net earnings for the present quarter are $1,266,937, or 1.27% on
the capital stock. The fiscal year ends June 30 and the estimate of net
earnings for the year is $5,450,000, or at the rate of 5 >4% per annum on
the capital. These figures do not Include expenditures for construction
or betterment, which for the past 1 >4 years have been paid for out of net
earnings. Our disbursements on this account last year amounted to $1,­
218,521 and for the current year are estimated at $800,000. Treating onequarter of this, or $200,000, as applicable to the present quarter, the net
earnings for the quarter after providing for construction is $1,066,937,
or 1.07%.— V. 88, p. 690.

Yankee Fuel Co.— P r o t e c t iv e C o m m i t t e e .— See Santa Fe
Raton & Eastern R R . under “ Railroads” above.— V . 88,
p . 887, 752.

— The Philadelphia banking firm of Cramp, Mitchell &
Shober announces the removal of its offices temporarily to
the ground floor at 1420 Chestnut S t., pending the construc­
tion of the new 18-story building at 1411-23 Chestnut S t.,
adjoining the Girard Trust Co. The firm deals in United
States Government bonds and other high-grade investment
securities and is a member of the New York and Philadelphia
Stock Exchanges. The present members of the partnership
include: Theodore W . Cramp, Howard Ellery Mitchell,
Samuel L . Shober and S. Pemberton Hutchinson.
— Bertron, Benoist & C o., of St. Louis, announced on
June 1st the retirement of S. Reading Bertron from the firm
which will hereafter be known as Lee Benoist & Co. In the
negotiation of corporation and collateral loans and the
transaction of general financial matters, Lee Benoist & Co.’s
business will be strongly facilitated in the East through
close reciprocal relations with Bertron, Griscom & Jenks,
bankers, and members of the New York Stock Exchange,
40 W all S t., New York, and Land Title Bldg., Philadelphia.
— The article on “ Amortization of Bonds” by W m . H .
Kniffin, Cashier of the Home Savings Bank, Brooklyn,
which appeared in the May issue of the “ Banking Law
Journal,” has been reprinted by Megargel & C o., the bankers,
5 Nassau S t . , who will supply copies on request. It is a very
full discussion of the subject— how to amortize bonds—
and will interest savings banks and trust companies espec­
ially.
.
— One million dollars of Kings County (Borough of Brook­
lyn) Lighting Company first refunding mortgage 5 %
bonds are offered for sale to the investing public by N . W .
Harris & C o., bankers, of New York and Boston. Details
of this offering appear in to-day’s advertisement elsewhere in
the “ Chronicle,” and other particulars regarding the property
are given in our “ General Investment News” columns.
— R . H . Goodell & C o., First National Bank Building,
Chicago, have developed a large business in unlisted and in­
active securities; also in municipal and foreign government
bonds. The long list of securities which they advertised
in last week’s “ Chronicle” indicates the broad scope of their
dealings and should interest those wanting to buy or sell
securities not readily marketable.
**
— The bond firm of Thomas Newhall, W est End Trust
Building, 32 South Broad S t., Philadelphia, has issued a
descriptive investment circular of first-class railroad, electric
railway and power company bonds, which they are offering
to the public at prices to yield the purchaser 3 .9 5 % to 6 % .
Copies of this circular will be mailed upon application.
— The United States Steel Corporation is the subject of a
pamphlet of 14 pages issued by Eugene Meyer Jr. & Co.
of 7 W all St. The Steel company’s remarkable record in
the past and the increase in its facilities and earning capacity
which will follow the completion of the new plant at Gary
are set forth in a striking manner.
— C. H . Farnam, specialist in inactive and unlisted bonds,
27 State S t., Boston, has issued a very complete circular,
giving the names of securities dealt in , which comprise stea'm
railroad, street railway, gas and electric, also bonds and
stocks of private water companies. The circular will be
mailed upon request.
— In to-day’s issue, J. K . Rice, Jr. & C o., 33 W all S t.,
New York, advertise a large list of miscellaneous securities
which they will buy and sell. The firm invites inquiries
regarding these stocks and bom 's. Telephone numbers are
7460-1-2-3-4-5-6 Hanover.
— Dominick & Dominick, members New Tork Stock E x ­
change, 115 Broadway, will open a branch office in the new
Fifth Avenue Building,'23d St. and Fifth A v e ., next week,
urder the management of James C. Rogerson.
— George I I . Farlee, for the past ten years associated
with Messrs. J. S. & R . D . Farlee, New York, has taken an
interest in, and has been appointed Secretary of, th e jW . T .
Fields C o., New Haven, Conn.
— Edward W . Harden, for the^past tour vears manager
of "the bond department,of the Chicago office of Russell,
Brewster & Co., assumed the management of their New
York office onjthe 1st inst.

1504

T H E CH R O N IC LE

'JTvc ©mumemal Times.
C O M M E R C IA L

E P I T O M E .'.

__
F r i d a y N i g h t , J u n e 11 1909.
. Lhe progress of trade towards greater activity is steady
if not rapid, as most of the tests which can be applied to the
condition of general business plainly enough show. To all
appearances, too, the crops seem to be doing well. Money
continues easy, bank clearings are relatively large and trade
appears to be gathering increased impetus.
L A R D has been strong. Trade has been quiet; but on
the other hand, the receipts of hogs have been light at’ ad­
vancing prices and offerings of product have been small.
Prime Western 12c., Middle Western 11,90c. and City 11
ll% c .
Refined lard has been quiet but firmer on the strong
hog situation. Refined Continent 12.25c., South American
12.75c., and Brazil, in kegs, 13.75c. The speculation in lard
futures at the W est has been active. Prices have shown
irregularity at times, owing to realizing; but the general
tendency has been towards a higher level. Small receipts
of live hogs at strong prices and light supplies of product
have been the principal factors.
DAILY CLOSING PRICES OF LARD FUTURES IN CHIC An o
Sat.
Mon.
Tues.
Wed.
Thurs
11.45
11.65
11 50 ' 1160
Roll- 11.57H 11.72K 115714 i i 65
day. 11.52M 11.70 “ 1L55^' 1162}$

July del. In clcv — cts.tt.32J^
Sept. del. In elevator..11.42 'A
Oct. del. In elevator— 11.45

P O M v on the spot hasbeen in active demand at a further
advance in prices, due to light arrivals of live hogs and small
supplies of product. Mess $20 5 0 @ $ 2 1 , clear $ 2 0@ $2 2 and
family $20 @ $ 2 1 . Beef has been quiet and firm. Mess
$ 1 1 @ $ 1 1 50, packet $ 1 1 @ $ 1 2 50, family $13 7 5 @ $ 1 4 50
and extra India mess $20 5 0 @ $ 2 1 . Cut meats have been
firm, with the demand limited to small lots. Pickled hams
regular, 12 to 20 lbs., I l % @ l 2 c . ; pickled bellies, clear’
i o A0 1 6 i bf r 1 \7/8 @ 1 2 % g -; pickled ribs, 8 to 12 lbs., 1 2 @
12^ c.
I a llo w h as b e e n d u ll a n d s t e a d y ; City 5 % c
S tea r
ines have been quiet and firm; oleo 13>^c.; lard 12% c
Butj ^ s been in fair demand and steady; creamery extras
2 b ^ @ 2 b ^ 4 c . Cheese has been moderately active and
firmer; State, f. c., small or large, colored, fancy 13ktc.small white, lfijic . Eggs have been quiet and’ steady’
Western, firsts to extra firsts, 21@22*/2C.
O IL .— Linseed has been active at an advance, due to a
rise in the price of the raw material. City, raw, American
seed, Gl @ 6 2 c .; boiled, G 2@ 63c.; Calcutta, raw, 75c. Cotton­
seed has been moderately active and easier; winter 5 9 5 @
6.15c. and summer white 5 .8 0 @ 6 .15c. Olive has been quiet
and steady at $1 2 5 @ $ 1 50. Lard has been dull but firmer,
owing to the advance in the raw material; prime 8 5 @ 8 8 c ’
N o. 1 extra, 5 2 @ 5 4 c . Cocoanut has been quiet and firmer’
Cochin 7 M @ 7 M c . and Ceylon 7 } 4 @ 7 % c .
Palm quiet’
Lagos 5 % @ 5 Me. Peanut quiet; yellow G5@70c. Cod has
been quiet and steady; domestic 38c.; Newfoundland 40c.
CO FFEE on the spot has been somewhat more active
and firmer; Rio No. 7, 8 @ 8 ^ c . ; Santos No. 4, 9 ^ @ 9 L i c .
\v est India growths have been quiet and steady; fair to good
Cucuta 9Lt@103<tc. Speculation in future contractson a
very small scale and destitute of features of interest.
The following are closing quotations:
t}!?® ................ 1October
. --------------------5.80c. IFebruary _____ 5.80c.
August-------------- 6.45c. November----------5.80c. M arch------------------5.85c.
August ----------- 6.05c. |December ------- .5.80c. April
5 « 5C
Septem ber...........5.95c. |January________ 5.80c. |May _______ . I l l s . 85c.

[VOL. LXXXVIIL
C O T T O N .

F r i d a y N i g h t , J u n e 11 1909
T H E M O V E M E N T OF T H E CROP as indicated by our
telegrams from the South to-night is given below
For the
week ending this evening the total receipts have reached
53,497 bales, against 58,706 hales last week and 101 194
bales the previous week, making the total receipts since
the 1st of September 1908 9,607,227 bales, against 7 961 226 bales for the same period of 1907-08, showing an increase

Receipts at-

Sat.

Mon.

Tues.

Wed.

Thurs.

Fri.

Total.
17,996

2",606

2,551
___
3,284
89

"7 9

ioo

767

'484
760
25
15
42
643
—

Galveston______
Port Arthur___
Corp.Christl.Ac.
New Orleans____
Gulfport_______
Mobile ________
Pensacola______
Jacksonville, Ac.
Savannah ______
Brunswick.........
Charleston_____
Georgetown___
W ilm ington___
Norfolk _______
Newport N., Ac.
New York______
B osto n ________
Baltimore _____
Philadelphia___

3,881
—

3,474
—

6,442
—

1,061
------.

487
—

1,754

3,425

3,6l5

5",516

138

71

1,242

34

‘ ■454

58
1,453

1,537

1,994

Totals this wlc

6,752

2,284
16,405
1,664
""85.
6,680
760

11

10

16

33

76
293
—

87
1,142
—

180
1,153
—

110
589
—

30
396
—

__
—

ioo
___
—

101

'266

107

1,107
—

"504
1,107
152

13,585

9,537

4,573

9,300

53,497

100
___
45

3
—
9,750

___

95

15
525
4,216
—

The following shows the week’s total receipts, the total
since Sept. 1 1908, and the stocks to-night, compared with
last year:
Receipts to
June 11.
Galveston_______
Port Arthur_____
Corp. Chris., Ac.
New Orleans___
Gulfport _______
Mobile .................
Pensacola_______
Jacksonville, Ac.
Savannah.............
Brunswick______
Charleston _ __
Georgetown ___
Wilmington ___
N’port News, Ac.
New York______
B oston_________
Baltimore_______
Philadelphia____
Total_________

1908-09.
1907-08.
This Since Sep This Since Sep
Week.
1 1908.
Week. 1 1907.
17,996 3,545,274 15,855 2,393,640
—
145,113
____
108,500
3,284 150,287
37,825
16,405 2,040,336 22,941 1,926,708
20,221
1,664 373,377
1,473 318,853
150,099
159,117
85
29,611
65
8,434
6,689 1,477,882 12,094 1,482,812
760 3 10,847
197,903
95 20S,227 2,017 197,711
15
2,584
20
601
525 408,520
2,234 492,245
4,210 58 1,050
0,176
16,056
6,812
____
18,720
3,658
504
16,490
465
13,629
1,107
97,587
542
76,440
152
5,940
20
9,372
53,497 9,607,227

63,902 7,961,226

Stock.
1909.

1908.

70,716

51,217

136,724

97,926

17,489

10,737

43,031
7,000
4,254
1,300
11,765

8,709

175,696
4,367
3,467
3,850

1,877

480,265

330,771

tn oruer uiat uuiupansuu may ue maue witn Otner y
we give below the totals at leading ports for six seasons:
Receipts at—
Galveston__
Pt.Arthur, Ac.
New OrleansMobile ..
Savannah __
Brunswick,. .
Charleston, Ac
Wilmington,.
N orfolk____
N’ port N., Ac
All" others___

1909.
17,996
3,284
16,405
1,664
6,689
760
110
525
4,216
1,848

1908.
15,855
22,941
1,473
12,094
2,037
2,234
6,176
1,092

1907.
5,647
87
9,983
179
5,129
204
209
4,262
697
1,378

1906.
7,928
375
6,446
1,306
5,358
1,946
516
1,435
3,549
188
811

1005.

21,689
3,048
10,732
1.713
11,579
1,988
979
1,466
6,771
1,648
7,934

1904.
2,192
6,251
7
3,093
"917
21
766

P E T R O L E U M .— Refined has been fair with a routine
27,775
29,858
63,902
53,497
78,546
13,504
demand for domestic and export account; barrels 8.50c.; Total this wk.
bulk o.OOc. and cases 10.90c. Gasoline has been in good Since Sept. 1. 9,007,227 7,961,226 9,548,588 7,513,118 0,266,336|7,022,018
demand and firm; 86 degrees 18 % c . Naphtha has been
moderately active and steady; 73 @ 7 6 degrees in 100-gallon
The exports for the week ending this evening reach a total
drums 1 0 % c .; drums $7 50 extra. Spirits of turpentine has of 66,274 bales, of which 7,379 were to Great Britam,
been moderately active and firmer at 4 2 @ 4 3 c . Rosin has 1,617 to France and 57,278 to the rest of the Continent.
been quiet and easier at $3 for common to good strained.
Below are the exports for the week and since Sept. 1 190S:
S U G A R .— Raw has been quiet and easier; centrifugal,
Week ending June 11 1909. From Sept. 1 1908 to June 11 1909
96-degrees test, 3.86c.; muscovado, 89-degrees test, 3.36c.;
Exported to—
Exported to—
molasses 89-degrces test 3.11c.
Refined has been quiet and
Exports
Great
Conti­
/rum—
Great
Contiweaker; granulated 4 .6 5 @ 4 .8 5 c . Teas have been in moder­
Britain. Er ’nee nent. Total. Britain. France
nent.
Total.
ate demand for small lots; tariff uncertainties restrict busi­
16,653 16,653 1,449,919 421,188 1,182,326 5.053 433
ness; prices have been firm on small supplies. Spices have Galveston___
—
66,257
___
___
Port Arthur__
78,856 145A13
been in larger jobbing demand and firm. Wool has been less Corp.Chrlstl.Ac
l'iio 1,110
___
27,748 27,748
82 29,140 29,222 894,699 239,254 696,009
New Orleans..
active but firm. Crude rubber has been quiet and firmer.
—
90,228 105,742 79,737 275707
___
___
Mobile ...
r TOBACCO.— Trade in domestic leaf has continued quiet. Pensacola
—
___
___
37,970 63,056 52,023 153;049
___
___
___
4,132 16,080
The consumption of cigars has shown a rather noteworthy Gulfport........
20,221
6,222 6,222 162,919 91,227 639,318 893
___
___
464
decrease during the past month, according to reports from Savannah
—
—
___ ___
186,871
Brunswick...
89,370
276,241
not a few sections, and manufacturers, therefore, are not Charleston___
—
___
___
5,725
77,244
82,909
112,854
___
___
Wilmington...
8,731 281,624 403/209
expected to depart in the near future from the policy of
"339 32,944
96
Norfolk_____
243 —
....
2,513
35^457
buying on a hand-to-mouth basis. Havana and Sumatra Newport News
6,902
2,607
147,196
New York___ 2,760 1,535
have been quiet.
44,819 183,314 375,329
2,115
___
91.688
Boston .........
2,115
10,669 102^357
CO PPER has been firm. Sales have been made of late at Baltimore___ 2,261
1,450 3,711
___
50,713 7,529 63,102 121,344
—
—
___ ___
52,981
1 3 % @ 1 3 % c . for lake, 1 3 % @ 1 3 K c . for electrolytic and Philadelphia . .
12,346 65,327
___
Me..
796
— 1
790
1 3 M @ 1 3 % c . for casting. The tendency of the market is Portland,
—
—
—
___ ___
San Francisco.
81,846 81,846
—
—
toward a still higher level, and it is predicted by some that Seattle ______
—
___ ___
___
68,006 68,006
—
—
—
___ ___
a .........
10,756
10,756
lake will sell at 14c. by the end of June and at 15c. before Tacom
—
—
___ ___
-------,
Portland, Ore.
300
300
the end of the year. The foreign and domestic output durimr Pembina____
—
—
___ ___
100
100
—
Detroit______
—
4,374
—
—
4,374
May exceeded 118,000,000 lbs., the largest on record and
........
stocks in producers’ hands have decreased. Tin has’ been
Total.......... 7,379 1.617 57,278 66,271 3,392,266 997,635 1,637,207 8,027,108
more active and firmer at 2 9 % c . Lead easy at 5 .3 5 @ 5 40c
Total 1907-08. 31,313 1,406 24,280 56,999 2,803,078 831,095 3,418,181 7,052,354
Spelter steady at 5 .3 5 @ 5 .4 0 c . Iron has been active’ and
firm. No. 1 Northern $ 1 6 @ $ 1 6 50;
No. 2 Southern
In addition to above exports, our telegrams to-night also
$15 7 5 @ $ 1 6 . The blowing in of 15 idle furnaces advanced give us the following amounts of cotton on shipboard, not
the weekly capacity from 412,000 tons on May 1 to 442,000 cleared, at the ports named. W e add similar figures for
at the opening of June— the largest output since N ov. 1907. New York.




THE CHRONICLE

J u n k 12 190 9 .J
On Shipboard, Not Cleared forGreat
Ger­
Other Coast­
Britain. France many. Foreign wise.

June 11 at—

14,389
22,417

5,649
1,735

1,800
10,663

3,800

10,400

2,000

1,000
900

400

500
700

2,300
300

Total 1909..
Total 1908..
Total 1907..

41,506
10,183
23,077

18,184 15,723
9,416 31,592
3,930 12,848

18,077
10,193
19,532

—

8,750
6,727

Total.

15,400
8,227
4,200
1,900

106,016
27,324
43,031
4,254
2,089
3,538
171,496
18,690

10,337 103,827
18,858 80,242
15,696 75,083

376,438
250 529
346,948

60 30,708
1,850 43,392
200
8,227
—

I 1

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|@
11

11

oo

oo

NEW
1909.c . .
1908___
1907___
1906___
1005___
1904___
1903___
1902___

YORK

..11 .20
.11.40
..13.25
. 11 .25
. . 8.70
12.85
...1 2 .2 5
. . 9.44

Q U O TATIO N S FO R 32 Y E A R S .

1001.c . . . . .
1900____ . .
1899____ . .
1898____ . .
1897_____ . .
1896____ . .
1895____ . .
1894____ . .

8.31
9.00
6.31
6.56
7.69
7.44
7.25
7.31

1893.c . . .
1892___
1891___
1890___
1889___
1888___
1887___
1886____

. . 7.94
. . 7.69
__ 8.62
..12.25
..11.19
..10.12
..11 .31
. . 9.19

M A R K E T A N D SA LES AT N E W

Saturday..
Monday__
Tuesday . .
Wednesday
Thursday .
F r id a y __

Fri.
11.20

Spot Market
Closed.

Futures
Market
Closed.

Q u ie t____________
Quiet, 5 pts. dec—
Quiet, 10 pts. d e c..
Quiet, 5 pts. dec—
Quiet . . . . ---------Quiet. 10 pts. d e c ..

Barely steady
Steady______
E a sy _______
Barely steady
S t e a d y ..__
Steady______




1885.C .. ..1 0.09
1884___ . . . I t . 62
1883___ . . . 10.62
1882___ -.12.25
1881___ ..11.06
1880. . . . .12.00
1879___ -.12.88
1878___ . . 11.44

YORK.

Sales of Spot and Contract.
Con- Con­
Spot. sum*n. tract.

“ 250
250

::::
....

Total.

::v .
"250
....

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T H E V IS IB L E SU P P L Y OF COTTON to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s returns, and conse­
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the United
States, including in it the exports of Friday only.
June 11—
1909.
1908.
1907.
660,000 1,157,000
Stock at Liverpool_______ bales,1,163,000
8,000 8,000
15,000
Stock at L on d on _________________
Stock at Manchester_____________
82,000 66,000
90,000

1906.
808,000.
16,000
70.000

1,245,000
10,000
379,000

734,000 1.262,000
21,000
14,000
334,000
391,000

. 288,000
.
4,000
. 36,000
. 41,000
.
6,000

181,000
5,000
43,000
24,000
28,000

238,000
3,000
16,000
67,000
28,000

118,000
4,000
13,000
52,000
7,000 ,

Total Continental stocks______. 764,000

693,000

700,000

433,000

Stock at Hamburg.
Stock at Bremen . _
Stock at Antwerp .
Stock
Stock
Stock
Stock

at
at
at
at

Marseilles.
Barcelona
Genoa___
Trieste__

.

894,000
14,000
225,000

Total European stocks_______ .2,017,000 1,427,000 1,962,000 1,327,000
231,000
221,000
102,000
India cotton alloat for Europe.. . 97,000
175,078
253,044
144,720
; 215,655
33,000
18,000
47,000
e 32,000
97,000
87,000
127,000
. 140,000
759,000
033,000
. 436,000
558,000
370,483
422,031
330,771
. 480,265
229,409
217,927
234,691
Stock In U. S. Interior towns. . 235,324
12,535
6,793
.
15,217
16,955
U. S. exports to-day________

American—
Liverpool stock__
Manchester stock.

The official quotation for middling upland cotton in the
New York market each day for the past week has been:
June b to June 11—
Sat.
Mon. Tucs. Wed. Thurs.
Middling uplands____________ 11.50 11.45 11.35 11.30 11.30

—
@
10.79—-10.80

11

11

10.67@ 10.79
10.77— 10.78

I I
11 oo
mb
CIor
1® 1©

10.66© 10.78
10.78— 10.80

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oo

10.68@ 10.81
10.79— 10.80

11

oo
MM

10.63 @ 10.76
10.75— 10.76

Middling .............c. Basis IGood mid. ting’d.c.Even
Strict low. mid___ 0.30 off Strict mid. tinged. .0.20 off
Low middling........1.00 off Middling tinged— 0.30 oil
Strict good ord___ 1.50 off Strict low mid. ting.1.00 off
Good ordinary........2.50 off Low mid. tinged..2.25 oil
Strict g’d mid.tgd.0.35 on[ Middling stained.. 1.00 off

|®

I

__

F air..................c. 1.50 on
Strict mid. fair___ 1.30 on
Middling fair______1.10 on
Strict good mid__ 0.00 on
Good middling___ 0.44 on
Strict mlddl ng___ 0.22 on

< ti
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10.76
10.76

Spe,culation in cotton for future delivery lias been on a
lessened scale and prices have fluctuated within com­
paratively narrow limits, aside from those for the July
option. That month has fallen sharply under liquidation
and reported settlements of some 50,000 bales of that
month at a discount of 10 points under October. Newcrop months show little net change for the week. Appar­
ently the tendency of the July option has been to recede
to a discount under October, which would put things on a
more normal basis. As regards the other months, they
have been more or less affected by generally favorable
weather, although, as usual, there have been some com­
plaints. Declines in prices have been followed by quick
rallies. There are persistent reports that Texas has been
benefitted by only surface moisture and that parts of the
State still need rain. The gist of the weekly Government
report was that the rains in the Southwest have been some­
what deficient and temperatures above the normal— Texas
has had maxima of 98 to 102 degrees and Oklahoma
100 to 103— while in some parts of the section east of the
Mississippi River rather excessive rainfalls have been
reported and temperatures somewhat below the normal.
On the whole, however, if the conditions in some sections
have been somewhat unfavorable they have been offset
by a distinct improvement in others, so that there has been
no attempt on the part of bull speculation to push prices
up much. On the other hand, the advocates of lower
quotations have been practically quiescent. Within a
few days there has been some influential buying of the newcrop months. This lias come from prominent spot interests
and also from Wall Street and Western houses. Memphis,
New Orleans and other Southern cities have also furnished
no.t a few buying orders. Believers in higher prices insist
that Texas is not likely to raise a large crop, although
most of the crop reports recently issued have been favorable.
The demand for spot cotton has increased somewhat.
Increased sales of cotton goods have been reported at New
York and Fall River. Some reports in regard to trade in
Europe have been rather more favorable. It is assumed
by not a few, too, that the increasing activity in other
manufactures, such as iron and steel, must ere long be com­
municated in larger measure to cotton fabrics as well as
other textiles. Furthermore the receipts at the ports
and interior towns have been decreasing for the last two
weeks and some reports are to the effect that the quantity
held back by farmers is not very large. Speculation, how­
ever, has very noticeably diminished. The short interest
here is not considered large. The dry goods situation,
despite some improvement, is not altogether satisfactory.
For the time being cotton futures represent what is commonly
known as a traders’ market. To-day, prices declined on
a rumor that the Master Spinners’ Committee at Manchester
had recommended the adoption of short time. The weather,
too, was generally favorable and Chicago and Liverpool
were good sellers. Spot cotton has been dull and easier.
Middling uplands closed at 11.20c., a decline for the week
of 30 points.
The rates on and off middling, as established Nov. 18 1908
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:

F U T U R E S .— The highest, lowest and closing prices at
New York the past week have been as follows:

10.80@ 10.93
10.90— 10.91

New Orleans . .
Galveston . .
Savannah ----Charleston----M obile_______
N orfolk ______
New York----Other ports__

Leaving
Stock.

1505

East Indian, Brazil, &c.—
London stock----Manchester stock.
Continental stock.
Stock In Bombay,

.3,668,461 2,988,137 3,903,829 3,451,471
an and other descriptions are as follows:
.1,061,000
.
68,000
. 715,000
. 215,655
. 480,265
. 235,324
.
15,217

541,000 1,022,000
78,000
59,000
611,000
602,000
175,078
144,720
330,771
422,031
217,927
234,691
6,973
16,955

693,000
60,000
372,000
253,044
! 370,483
229,409
12,535

.2,790,461 1,929,137 2,532,829 1,990,471
. 102,000
.
8,000
.
14,000
. 49,000
. 97,000
. 32,000
. 140,000
. 436,000

119,000
8.000
7,000
91,000
102,000
47,000
127,000
558,000

135,000
15.000
12,000
89,000
231,000
33,000
97,000
759,000

115,00016,000
10,000
61,000
221,000
18,000
87,000
933,000

. 878,000 1,059,000 1,371,000 1,461,000
2,790,461 1,929.137 2,532,829 1,990,471
.3,668,461 2,988.137 3,903,829 3,451,471
5.83d.
6.58d.
7.19d.
6.07d.
11.20c.
11.40c.
13.15c.
11.20d.
Middling Upland, New York___
9.00d. 8 9-16d. 11 l-16d.
Egypt. Good Brown, Liverpool. _
11 '4d.
9.50d.
11.25d.
8.65d.
Peruvian, Hough Good, Liverpool. 8.00d.
5%d.
6K d.
Broach, Pine, Liverpool________ 5 7-16(1.
5 Uc.
5 ^ d . 5 5-16d.
5 fid .
5 9-16d.
Tlnncvelly, Good, Liverpool___

the past week h;ave been 52,000
bales.
The above figures for 1909 show a decrease from last week
of 143,195 bales, and a gain of 680,324 bales over 1908,
a decrease of 235,368 bales from 1907, and a gain of 216,990
bales over 1906.

1506

THE CH RO N ICLE

AT T H E IN T E R IO R T O W N S the movement— that is,
the receipts for the week and since Sept. 1 , the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year— is set out
in detail below.
O
55s*
SSg
C0 £Si

Q U O TATIO N S FO R M ID D L IN G COTTON AT O T H E R
M A R K E T S .— Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
C lo s in g Q u o ta tio n s f o r M i d d l i n g C o tto n o n —

CV10C5'^rHTf05T-HC\joOOcC’-<OCVloq0^10C'jC505TfiOr^C\]«OtN
*rHO
Wb-HTj'Oe'lb'rt’ fOHH COrHCO^CMCOCOt-O HO h«* rH

June

OCOOTf
ICOO I
lOOCJCacOcOOoOl'-O'TM^fOO’HOt'OOCOCJO'TMiO io O i
CMO GOlOCD OiOCC-^CVjTfrHTf CONOCO0 05GOOcoco lO»D I rH l
rH T H
O
rH
rH tH C© CM TH '
1
I'" r-105M05W
M
|W
OW
OW
O OCCMCDGCCOCl >0O GOO 0005r-«O l>- rf »DrH cOCOCOO
O^OlN
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vii>.05C
00O
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<*vi
rH rH rHrHCO
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73

[VOL. LXXXVIII

MMCOMOCDOHOCDCOOONQOOOoOiCTj'OOOOOOOOOH
rjtHfjOOCOONM^OiOOOCMCOOOONCJflONOlOTfONCS
C
MCMC5rf rf CMOOCOO rHGO O
O t>«»0lO rf r}<CMrf 00O0rjno
rf OO
CMP- l>CMTH »0 rHrf O O O CO00 t^COrH

11.

Galveston------New Orleans__
M obile________
Savannah ------Charleston------Wilmington___
N orfolk----------Boston ---------B altim ore____
Philadelphia__
Augusta---------Memphis______
St. Louis...........
H ou ston --------Little R ock___

S a t ’d a n .

M onday.

10 %

10 %

11
10%

T u esd a y.

W e d 'd a y . T h u rsd a y.

11
10%

10%
10%
11
10%

10%
10%
11
10%

10%
10%
11
10%

16 %
10%
11.50
11 %
11.75
10 15-16

10%
10%

10%
10%

10%
10%

10%
10%

11

11
10%
10%
10 %

11
10%
10%
10%

10%
■ 10%
10%

10 Vi

10%

10%
10%

10%

11.50
U%
11.70
10 15-16

11.45
11 %
11.60
10 15-16
It
10%
10%
10%

11.35
11 %
11.55
10 15-16

F r id a y .

10%
10%
11
1 0 % (1

10%
10%
11.30
11.30
l i y8
11 %
11.55
i i .45
10 15-16 10 15-16

11

11
10%
10 %
10%

N E W O R L E A N S O P T IO N M A R K E T . — T h e h ig h e s t ,
lo w e s t a n d c lo s in g q u o t a t io n s fo r le a d in g o p t io n s in th e N e w
O r le a n s c o tto n m a r k e t fo r th e p a s t w e e k h a v e b e e n a s fo llo w s :

■IrHCO lO 05rf O «D05O rf 05O rf »D»DCO00O 00O OO rH
■1rf lO iOb-DlOCDCOClOCOHOOHC0005b.Hb.THQW
PCDCD lGOCDrHCD ».Q CMCMrfOlOcOrHCVJOOrHrHrHOrH

C
0 £&

S a t ’d a y ,
J u n e 5.

]C5iOh DOO cO"
05OOrfOC0b, Q0C5!0Mb»00C
ClOHO lOO rf O C 5C0OTfOcCOK5
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05O 00 b^OOMcOOOOcDti
: O Cl0510 CV]0505T "i lO00O 00rf 00 »QCO© O o >005*05COrHco*»o«ooor
310 C5iOb*H
CM05rHu
C
rHO«OOOiOrH»OrH
rH
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05

M on d a y,
J u n e 7.

T u esd a y,
June 8 .

W c d 'd a y , Th u rsd a y, F r i d a y ,
J u n e 9. J u n e 10. J u n e 11 .

Jun e—

Range ______ — @ — — © — — © — — @ — — © — — © —
Closing______ 10.99 * 11.05 — 10.85 — 10.85 * 10.86 * 10.77 *

J u ly —

Range ______ 11.05-. 13 10.96-.12 10.95-.16 10.83-.00 10.98-.04 10.87-.00
Closing______ ll.05-.07 ll.12-.13 10.94-.95 10.98-.99 10.99-.00 10.90-.91

M'HOM

A u g u st—

Range ______ 10.96 — — © — 10.91-.92 10.81- .86 10.90-.98
Closing.......... tO.95-.97 11.00-.04 10.89-.91 10.88-.90 10.95-. 96
Range ______ 10.92-.95 10.86 — — © — — 11.02 — @ —
Closing--------- 10.91-.03 10.93-.95 10.83-.85 10.87-.89 10.93-.95
O cto b er —
Range --------- 10.72-.79 10.65-.80 10.70-.82 10.64-.76 10.72-.84
Closing______ 10.72-.73 10.79-.80 10.70- .71 10.72-.73 10.78-.79
N ovem ber—
Range ______ — © — — @ — — @ — 10.67-. 68 — © —
Closing........... 10.70-.72 10.79-.80 10.70-.72 10.72-.74 10.78-.79
D ecem ber—
Range ______ 10.71-.76 10.63-.78 10.68 -.79 10.63-.73 10.72-.83
Closing--------- 10.70- 71 10.77-.78 10.68-.69 10.70-.71 10.75-.76
Jan ua ry—
Range ______ 10.72-.79 10.64-.78 10.70-.80 10.65-.75 10.72.83
Closing______ 10.72-.73 10.77-.79 10.70.71 10.7 1-.72 10.76-.77
M a rch —
Range ______ — © — — @ — — © — 10.71 -.72 10.77-.81
Closing______ 10.77-.78 10.83-.85 10.75-.77 10.75-.77 10.80-.82
T on e—
Quiet.
Steady.
Quiet.
Spot ------------ Quiet.
Steady.
Steady. Steady. Steady. Steady.
Options _____ Quiet.
S ep tem b er—

3? <3

a] Pi
a

Jj0 |
jj o
_ 1<
101 u

III:
813

7!tjOP5

V3

IJ sg g

g=

x a

53
3 Bp 8 s-g 2 2 g g-c
g s-s g-Cs!
aSw M ij^c<:<<oSK JM O c5oSl5>>'w K oc5Sl5«3Q S

Via
Via
Via
Via
Via
Via
Via

------ 1908-09-----W eek .

St. Louis................................... 9,898
681
Cairo______________________
Rock Island.............................
250
Louisville................................. 1,537
Cincinnati-----------------1,292
Virginia points.........- ..............2,643
other routes, &c------------------- 4,821

D ed u ct sh ip m e n ts—

Overland to N. Y ., Bostc
Between Interior towns.

S in c e
S e p t . 1.

632,186
300,092
30,397
79,651
47,376
177,480
268,019

.21,122 1,535,201
. 1,763
.
919
. 490

138,737
45,017
47,849

Total to be deducted.................3,172
. 3,172

1007-08-----S in c e

W eek.

8,699
6,726
539
1,176
1,020

508
631

S e p t . 1.
420,533
202,248
33,415
51,059
47,382
90,488
211,297

19,299 1,056,422
1,027
348
1,518

103,099
63,376
61,742

231,603

2,893

228,217

.17,950 1,303,598

16,406

828,205

* Including movement by rail to Canada.

The foregoing shows the week’s net overland movement
has been 17,950 bales, against 16,406 bales for the week
last year, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 475,393 bales.
--------1908-09-------I n S ig h t a n d S p i n n e r s
T a k in g s.

S in c e
S e p t . 1.

--------1907-08-----S in c e

Receipts at ports to June 11------- 53,497
9,607,227
Net overland to June 11------------ 17,950
1,303,598
Southern consupintlon to June 1la 50,000 1,900,000

W eek.
S e p t . 1.
63,902 7,961,226
16,406
828,205
36,000 1,844,000

Total m ark eted ...___________ 121,447 12,810,825
Interior stocks In excess________ *28,677
121,309

116,308 10,633,431
*25,825
154,108

W eek.

Came Into sight during week__ 92,770 -----------90,483
Total In sight June 11________ ___________________
_______ 12,932,134 ________ 10,787,539
North, spinners’ takings to Junell 23,589 2,583,850
38,404 1,687,613
a These figures a r e n ot the t a k in g s by Southern mills, but are estimates
ot consumption based on Inlormatlon received from time to time during
the season and revised, It necessary, when complete returns are received
at season's close. Reports from various sections of the South Indicate
that takings by mills have thus far this season been appreciably heavier
than during the corresponding period a year ago, but actual or approximate
data are not abtalnable. • Decrease during week.

Movement into sight in previous years:
W eek—
B a le s .
S in c e S e p t . 1—
B a le s .
1907—.Tune 14......................... 56,930 1906-07— June 14.............. 12,928 ’ 86
1906—June 15.....................
61,101 1905-06—June 15------------10,434,561
1905—June 16.....
118,369 1904-05— June 16_______ 12,390,671
1904—June 17. 48,842 11903-04—Juno
17............. 9,746,155




10.84-.96
10.79-.80
10.67-.80
10.70-.71
— © —
10.70-. 71
10.67-.78
10.69-.70
10.66 -.79
10.69-.70
10.76-.78
10.72-.74
Steady.

• Nominal.

The above totals show that the interior stocks have d e ­
cr ea s ed during the week 28,677 bales and are to-night 633
bales more than at the same time last year. The receipts
at all the towns have been 11,115 bales less than the same
week last year.
O V E R L A N D M O V E M E N T FO R T H E W E E K AN D
SINCE SE P T . 1.— W e give below a statement showing
the overland movement for the week and since Sept. 1 , as
made up from telegraphic reports Friday night. The results
for the week and since Sept. 1 in the last two years are as
follows:
J u n e 11—
S h ln p e c l —•

— 10.89
10.88-.89

W E A T H E R R EP O R TS B Y T E L E G R A P H .— Our tele­
graphic advices from the South this evening indicate that
the weather as a rule has been favorable the past week.
Rain has fallen in most sections but the precipitation has
been light in the main. On the whole, conditions have been
satisfactory and an improvement in the crop is' reported
from many sections.
G a l v e s t o n , T e x a s . — Dry all the^ week.
The thermometer
has averaged 85, the highest being 92 and the lowest 77.
May rainfall, 5.82 inches.
A b i l e n e , T e x a s . — There has been rain on one day of the
past week, the rainfall reaching eighty-two hundredths of
an inch. The thermometer has averaged 79, ranging from
62 to 96. May rainfall 2.44 inches.
B r e n l i a m , T e x a s . — W e have had a trace of rain on two
days of the week. The thermometer has ranged from 69 to
95, averaging 82. May rainfall 4.43 inches.
C o r p u s C h r i s t i , T e x a s . — There has been no rain during the
week. Average thermometer 82, highest 90 and lowest 74.
May rainfall 3.10 inches.
_
C u e r o , T e x a s . — There has been light rain on one day
during the past week, the precipitation reaching eight
hundredths of an inch. The thermometer has averaged 79.
the highest being 97 and the lowest 61. May rainfall 1.44
inches.
D a l l a s , T e x a s — W e have had rain on one day during the
week, the precipitation reaching sixty-two hundredths of
an inch. The thermometer has averaged 80, ranging from
60 to 99.
May rainfall 1 .05 inches.
F o r t W o r t h , T e x a s . — W e have had rain on one day during
the week, the rainfall reaching forty hundredths of an inch.
The thermometer has ranged from 64 to 96, averaging 80.
May rainfall 1.01 inches.
H e n r i e t t a , T e x a s . — Rain has fallen heavily on two days
during the week to the extent of three inches and twentyseven hundredths. Average thermometer 76, highest 89,
lowest 63. May rainfall 2.24 inches.
H u n t s v i l l e , T e x a s . — We have had no rain during the week,
The thermometer has averaged 79, the highest being 92 and
the lowest 6 6 . May rainfall 5.32 inches.
K e r r v i l l e , T e x a s . — W e have had no rain during the week.
The thermometer has averaged 79, ranging from 60 to 97.
May rainfall 3.08 inches.
L a m p a s a s , T e x a s . — W e have had no rain the past week.
The thermometer has ranged from 63 to 96, averaging 80.
May rainfall 2.32 inches.
L u l i n g , T e x a s . — There has been light rain on one day of
the week, the precipitation reaching eleven hundredths of an
inch. Average thermometer 82, highest 97 and lowest 6 8 .
May rainfall 3.40 inches.

J unk 12 1909.)

THE CH RO N ICLE

L o n g v i e w , T e x a s . — There has been no rain during the week.
The thermometer has averaged 75, the highest being 97 and
the lowest 52. May rainfall 1.36 inches.
N a c o g d o c h e s , T e x a s . — Dry all the week.
The thermometer
has averaged 76, ranging from 63 to 89. May rainfall 4.79
inches.
1
P a l e s t i n e , T e x a s . — Rain has fallen on one day of the week,
to the extent of two hundredths of an inch. The thermome­
ter has ranged from 66 to 90, averaging 78. May rainfall
ninety hundredths of an inch.
P a r i s , T e x a s . — There has been heavy rain on one day
during the week, the precipitation reaching one inch and
seventy-five hundredths. Average thermometer 80, highest
97 and lowest 63. May rainfall 6.70 inches.
S a n A n t o n i o , T e x a s . — There has been rain on one day
during the past week, the precipitation reaching three hun­
dredths of an inch. The thermometer has averaged 83, the
highest being 98 and the lowest 68. May rainfall 1.75
inches.
T a y l o r , T e x a s . — Rain has fallen on one day during the week,
the rainfall reaching ten hundredths of an inch. The ther­
mometer has averaged 81, ranging from 68 to 94. May
rainfall 2 inches.
W e a t h e r f o r d , T e x a s . — Rain has fallen on two days of the
week to the extent of thirty-four hundredths of an inch.
Average thermometer 83, highest 100, lowest 65. May rain­
fall 1.93 inches.
N e w O r le a n s , L o u i s i a n a . — W e have had rain on one day
of the week, the rainfall reaching eighteen hundredths of
an inch. The thermometer has averaged 79.
S h r e v e p o r t , L o u i s i a n a . — It has rained on one day of the
week, the precipitation reaching four hundredths of an inch.
Average thermometer 79, highest 91 and lowest 66.
V i c k s b u r g , M i s s i s s i p p i . — There has been no rain the past
week. The thermometer has averaged 80, the highest being
93 and the lowest 69.
H e l e n a , A r k a n s a s . — W e have had hot, dry, grass-killing
weather during the week. Crops are improving. The ther­
mometer has averaged 78.5, ranging from 65 to 91.
L i t t l e R o c k , A r k a n s a s . — W e have had no rain during the
week. Suitable weather for cotton. The thermometer
has ranged from 66 to 90, averaging 78.
M e m p h i s , T e n n e s s e e . — Hot, dry weather, with abundant
sunshine, the past week, has enabled much-needed cultiva­
tion to be done. Rain has fallen on one day to the extent
of two hundredths of an inch. Average thermometer 79.1,
highest 90.4, lowest 65.3.
S e l m a , A l a b a m a . — There has been rain on three days of the
week, the precipitation reaching thirty hundredths of an
inch. Average thermometer 79, highest 90, lowest 67.
M o b i l e , A l a b a m a . — Cessation of rains in the interior and
clear, hot weather for six days has caused an improvement
in the crop, but cultivation was largely suspended until last
few days. The Tombigbee River is 16 feet above the flood
stage at Demopolis and crops on lowlands along that river
are ruined. There has been rain on one day of the past week,
the rainfall reaching ninety-five hundredths of an inch. The
thermometer has averaged 81, ranging from 70 to 94.
M o n t g o m e r y , A l a b a m a . — Prospects are better.
Warm to­
day and sunshine abundant. There has been rain on two
days during the week, to the extent of one inch and six hun­
dredths. The thermometer has ranged from 67 to 92,
averaging 79.
A u g u s t a , G e o r g i a . — There has been rain on one day of the
past week, the rainfall reaching five hundredths of an inch.
The thermometer has averaged 78, ranging from 66 to 90.
S a v a n n a h , G e o r g i a . — There has been rain on one day
during the week to the extent of twenty hundredths of an
inch. The thermometer has ranged from 68 to 89, averaging
78.
M a d i s o n , F l o r i d a . — W e have had rain on two days during
the week, the rainfall reaching two inches and thirty-five
hundredths. The thermometer has averaged 81, the highest
being 94 and the lowest 67.
C h a r lo tte , N o r t h C a r o l i n a . — Weather splendid the past
week. We have had rain on one day, the rainfall reaching
twenty hundredths of an inch. The thermometer has ranged
from 64 to 86, averaging 70.
C h a r le s t o n , S o u t h C a r o l i n a . — The week’s rainfall has been
twenty-two hundredths of an inch on one day. Average
thermometer 79, highest 90 and lowest 68.

E U R O P E A N COTTON CONSUM PTIO N TO JU N E 1.—
B y cable to-day we have Mr. Ellison’s cotton figures brought
down to June 1. W e give also revised totals for last year
that comparison may be made. The spinners’ takings in
a ctu a l bales and pounds have been as follows:
O cto b er

1 to

June

1.

G re a t B r i t a i n .

C o n t in e n t .

pounds last year, and for the whole of Europe the deliveries
average 494.8 pounds per bale, against 491.3 pounds last
season. Our dispatch also gives the full movement for this
year and last year in bales of 500 pounds.____________________

„
,
For 1907-08.
Takings by spinners____ bales.
4,362,000
2,776,000
7,138,000
Average weight of bales___ lbs.
506
482
491.3
Takings In pounds
1,404,756,000 2,102,484,000 3,507,240,000

According to the above, the average weight of the deliv­
eries in Great Britain is 510 pounds per bale this season,
against 506 pounds during the same time last season. The
Continental deliveries average 486 pounds, against 482

1908-09

O c t. 1 to J u n e 1.
B a le s o f 500 lb s . e a ch .
000 s o m itt e d .

G reat
C o n ti­
B r ita in n e n t .

1907-08
G re a t
C o n ti­
B r ita in n e n t .

T o ta l.

T o ta l.

Spinners’ stock Oct. 1___
Tailings to June 1_________

308
2,682

1,046
4,359

1,354
7,041

367
2,810

1,089
4,205

1,456
7,015

Supply ________ ______
Consumption, 35 weeks_____

2,990
2,510

5,405
3,850

8,395
6,360

3,177
2,730

5,294
3,850

8,471
6,580

Spinners’ stock June 1______

480

1,555

2,035

447

1,444

1,891

•30
GO
78
80
80
80
80
80

110
110
110
110
110
110
110
110

140
170
188
190
190
190
190
190

78
78
78
78
78
78
78
78

110
110
110
110
110
110
110
110

188
188
188
188
188
188
188
188

W e e k 's C o n s u m p t i o n ,
000 s o m itt e d .

In
In
In
In
In
In
In
In

O ctob er_________________
November _ ___________
December________________
January___________ _____
February ___ _______ .
March ________ ________
A p r il............. .................
M a y ___________ _______

•Small consumption due to lockout In Lancashire.

W O R L D ’S SU P P L Y A N D T A K IN G S OF C O TTON .
Cotton Takings.
Week and Season.

1908-09.
W eek .

1907-08.

S ea son .

W eek.

S ea so n .

Visible supply June 4 _________ 3,811,656
3,109,976
Visible supply Sept. 1_________
2,291,844
1,714,982
American In sight to June 11__
92,770 12,932,134
90,483 10,787,539
33.000 1,985,000
Bombay receipts to June 10___
37,000 1,863,000
21.000
Other India shlp'ts to June 1 0 ..
306.000
257.000
6,000
1,000
Alexandria receipts to June 9 . .
887.000
3.000
944.000
Other supply to June 9 •______
2,000
167.000
4.000
2 1 1 .0 0 0
Total supply________________ 3,961,426 17,992,116 3,250,459 16,354,383
D ed u c t—
Visible supply June 11. ______ 3,668,461 3,668,461 2,988,137

2,988,137

Total takings to June 11______ 292.965 14.323.655 262.322 13.366.246
Of which American..
221.965 11.118.655 197.322 10.194.246
Of which other__
71,000 3,205,000
65,000 3,172,000
• Embraces receipts In Europe from Brazil, Smyrna, West Indies, &c.

IN D IA COTTON M O VEM EN T FROM A LL PO RTS.
June

10.

1908-09.

R e c e ip t s at —
W eek .

1906-07.

1907-08.

I S in c e
| S e p t . 1.

I S in c e
| S e p t . 1.

1 S in c e
W eek,

i

S ep t.

1.

W eek.

33,000 1,985,000 35,000 1,801,000 58,000 2,763,000
i

E x p o r ts fr o m

F o r the W e e k .

—

G re a t
B r ita in .

C o n ti­
n en t.

S in c e S e p t e m b e r
G rea t
B r ita in .

T o ta l.

Bombay—■
1908-09_________
1907-08_________
1906-07.................
Calcutta—■
1908-09_________
1907-08_________
1906-07.................
Madras—
1908-09_________
1907-08.................
1906-07.................
All others—
1908-09______ . .
1907-08_________
1906-07_________

1,000
1.000
1,000

20,000

Total all—
1908-09_________
1907-08_________
1906-07............

1,000
2 ,0 0 0
2 ,0 0 0

23,000 24,000
14,000 16,000
41,000 43,000

3,000

10,000

1,000

21,000
21,000

4,000

2,000

4,000
4,000
7,000

109,000

1,000

3,000
5,000
4,000

22,000

16,000
15,000
9,000

227,000
188,000
192,000

1,000

__

_
1.000

3,000
13,000

21.000

4,000
14,000

R ECEIPTS

A le x a n d r ia . E g y p t ,
J u n e 9.

1908-09.

(cantars) —
This week_____________
Since Sept. 1__________

To
To
To
To

10.000

6,654,712
T h is
S in c e
W e e k . S e p t . 1.

(bales)—

Liverpool__________
Manchester________
Continent__________
America___________

Total exports__________

’

37,000

41,000
24,000
116,000

20,000

19,000
25,000

2 2 ,000

30,000
26,000
243,000
203,000
2 01 ,000

44,000 826,000 870,000
45,0001 787,000 832,000
79,000 1,353,000 1,432,000

AN D

R e c e ip t s

E x p o r ts

T o ta l .

543,000 564,000
554,000 575,000
59,000 1,030,000 1,089,000

3,000

4,000

1.

C o n ti­
n en t.

10,000

24,000 24,000

A L E X A N D R IA

SH IP M EN TS

.

1907-08.

1906-07.

27,000
7.080,880

2,500
6,852,990

T h is
S in c e
W e e k . S e p t . 1.

T h is
S in c e
W e e k . S e p t . 1.

2.250 180,608 5.000
195)799 7.000
1L500 324,646 1 9,000
2.250 78,718 1 4,500

217,002
196,335
332,224
66,821

1.750 206,187
3.000 193,477
6.000 329,906
1.750 108,839

16,000 779,771 [25,500 812,382 12,500 838,409

M A N C H E STE R M A R K E T .— Our report received by
cable to-night from Manchester states that the market is
dull but steady for yarns and quiet for shirtings. The de­
mand for India is improving. We give the prices for to­
day below and leave those for previous weeks of this and
1as"t year for comparison._________________ ______________________
1909.

T o ta l.

For 1908-09.
Takings by spinners____ bales.
4,484,000
2,630,000
7,114,000
Average weight of bales___ lbs.
486
510
494.8
Taklngs In pounds____________ 1,341,200,000 2,179,324,000 3,520,524,000




1507

lbs. S hirtin g s, com m on
to fin est.

32* C op
T w ist.

d.
Apr.
30 7 %
May
7 7*4
14 7'4
21 7 '4
28 8
June
4 8
11

8

1908.

84
d.

9.

d.

s. d.

d.

84

lbs. S hirtla gs, com m on
to fin est.

32* Cop
T w is t.

d. s. d.

d.

74

5.53 7 11-16©

8 4 4 104 @ 8

74 @ 8 7 4
84 8 9

5.54 7 4
@
5.78 84
5.85 8 4
@
5.88,8 9-16 @

84
9*4
9*4
94

5.83!8*4
5.83(84

94 5 14© 8
94 5 14 @ 8

©

84 4 7 @ 8

©
©
©

8*4
84
8*4
84

©
©

8*4 4 9 @ 8 104
8*4 4 9 @ 8 104

4
4
4
,

Cot ’n
M id .
U p l's

8 4 @ 8 10
9 @ 8 104

©
©

4
5
5
5

s. d.
0

104 ©7 104
0
8 0
0 @8 0
1 @ 8 14
3
3

C o t'n
M id .
U p l's

d.
5.40
5.69
6.08
0.35
6.52
6.51
6.58

THE CH RO N ICLE

1508
S H I P P I N G N E W S .— A s s h o w n o n a
e x p o r ts o f c o t t o n fr o m th e U n ite d S ta te s
r e a c h e d 6 6 ,2 7 -1 b a l e s .
T h e s h ip m e n ts
u p f r o m m a il a n d t e l e g r a p h i c r e t u r n s , a r e

p r e v io u s p a g e , th e
th e p a st w eek h a v e
in d e t a i l , a s m a d e
as fo llo w s :
Total bales.

N E W Y O R K — T o Liverpool— June 4— Celtic, 2,760
2,760
T o Havre— June 5 — Chicago, 250 upland, 20 Sea Island, 16o
foreign__ June 9— V cm , 875 upland, 25 8eo> Islnnci----------------- 1,385
200
T o Dunkirk— June 9— Vera, 2 0 0 - - - . - - - - - - — - - --------------------To Bremen— June 9— Prlnz Friedrich Wilhelm, 82--------------------82
To Antwerp— June 4— Zeeland, 4 0 0 -----------------------------------------400
To Barcelona— June 5—-Montevideo, l,0 7 o ------------------------------- l,0 7 o
To Genoa__June 4—-Prlnzess Irene, 400— June 9— Moltke, 300_
700
To Naples— June 9— Moltke, 100-----------------------------------------------100
To Venice— June 8— Laura, o 0 -------------------- ------------ ----------oO
To China— June 4— Indrapura, 200- - - - - - - - - - - - - - -------- ----------- . 200
GA LV ESTO N — T o Ham burg— June 9— Elbe, 4,360...........................- 4,360
To Christiania— June 9 — Texas, 82a
------------------------------------82a
T o Barcelona— June 5— Dejpnlne, 2,875------------------------------------- S’ r/io
To Genoa— June 5—-Delphlnc, 8,593------------------------------------------- 8,a93
T E X A S C IT Y —-To Vera Cruz— June 3— City of Mexico, 1,110----------1,110
N EW O R LE A N S— T o Marseilles— June 10— Monviso, 8 2 - - - ..........- 82
To Bremen— June 9— Indian, 10,600----------- ----------------- -----------.16,600
To Hamburg— June 4— Hoerde, 5 ,9 8 2 ......................... .......... ........ 5,982
To R otterdam — June 8— Monadnock, 187---------------------------------187
T o Antwerp—-June 8— Monadnock, 768________________________
<08
To Barcelona— June 7— Dlnnamare, 100_______________________
100
T o Genoa— June 7—-Dlnnamare, 553
June 10— Monviso, 4,950 5,503
S A V A N N A H —-To Bremen— June 9— Dunliolme, 4,815_____________ 4,815
T o R otterdam — June 9— Texas, 599________ ________________ _
599
100
T o Gothenburg— June 9— Texas, 100_____________ ________ ____
T o W arberg— June 9— Texas, 4 0 0 ....................................... ...............
400
T o Gelle— ) une 4— Wensleydale, 208....... .........................................
208
T o U ddevalle— -June 9— Texas, 100____________________ _______100
N O R F O L K —-To London— June 5— Langdale, 243---------------------------243
}SS T o Ham burg— June 9— Bosnia, 96. _ -----------------------------------------96
BOSTON— -To Liverpool—-June 9—-Wlnlfrcdian, 2,115--------------------- 2,115
B A L T IM O R E —-To Liverpool— June 1 0 — Templemore, 2,261---------- 2,261
T o Bremen— June 9— Neckar, 1,450____________________________ 1,450
Total _____________________________________________________________ 66,274
L I V E R P O O L .— B y ca b le fr o m L iv e r p o o l w e h a v e th e fo l ­
l o w i n g s t a t e m e n t o f t h e w e e k ’s s a l e s , s t o c k s , & c . , a t t h a t p o r t :
M a y 2 1.
M a y 28.
.June 4. J u n e 11.
62,000
48,000
33,000
39,000
Sales of the w eek____________
Of which speculators t o o k ..
1,000
3,000
6,000
2,000
Of which exporters took ___
1,000
1,000
---------1,000
Sales, Am erican______________
57,000
42,000
24,000
31,000
Actual e x p o rt-------------------------4,000
13,000
4,000
6,000
Forw arded________
83,000
56,000
53,000
66,000
Total stock— Estim ated______ 1,180,000 1,169,000 1,154,000 1,163,000
^ Of which American— E s t .-1,073,000
1,066,000 1,047,000 1,061,000
Total Imports of the week____
57,000
57,000
42,000
80,000
Of which Am erican_______
45,000
42,000
27,000
69,000
Am ount afloat________________
181,000
140,000
169,000
101,000
Of which American________
146,000
112,000
136,000
75,000
T h e to n e o f th e L iv e r p o o l m a r k e t fo r s p o ts a n d fu tu r e s
e a c h d a y o f th e p a s t w e e k a n d t h e d a ily c lo s in g p r ic e s o f
s p o t c o t t o n h a v e b e e n as fo llo w s :
Spot.
M arket.
12:15
P. M.

1
1
J

Wednesday. Thursday.

Saturday.

Monday.

Tuesday.

D u ll.

D u ll.

M od erate
d em a n d .

M oderate
d em a n d .

More
d em a n d .

Friday.
M od erate
d em a n d .

M id. U p l’ds

5 .82

5 .7 8

5.81

5 .75

5 .79

5.83

S p e c .& e x p .

4 ,000
500

6,000
300

7,0 0 0
300

6,000
300

10,000
1,000

8 ,000
1,000

Futures.

S te a d y at
3 p oin ts
advance.

M arket
op en ed

S te a d y a t
\ 2 @ 3 pts.
d eclin e.
/

Q u iet a t
3 @ 4 pts.
d eclin e.

M arket
4
P. M.

1 Q u iet a t
1 2 @ 3 p ts.
J d eclin e.

Q u iet a t
4 @ 5 p ts.
d eclin e.

E a sy at
3 @ 4 pts.
declin e.

B a rely s t y . S te a d y at
a t l % @ 2 % 1% @ 2 pts.
p ts. a d v .
d ecline.

S tea d y ,
u n ch . to
1 p t. d e c .

S te a d y at
2 @ 2 % p ts.
advance.

Q uiet at
1% @ 2%
p ts. a d v .

S te a d y a t
2 @ 2 % p ts.
a d v a n ce.

The prices of futures at Liverpool for each day are given
below.
Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
The prices are given in pence and 1 0 0 ths.

June 5

Mon.

Sat.

Tues.

Thus: 5 6 8 means 5 6 8 -lO O d .

Wed.

Thurs.

Eri.

June 11. 1 2 % 1 2 % 1 2 % 4 1 2 % 4 1 2 % 4 1 2 % 4 1 2 % 4
p.m. p.m. p.m. p.m p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
a.

d.

June-July
July-AugAug.-Sept
Sept.-Oct.
Nov.-Dec.
Dec.-JanJan.-Feb.
Feb.-Mch.

68
5 68

5 74
5 71 %
5 69%
68 %
67%
5 67%
5 68
5 68
5 68

May-June

64
64
70
67 %
66

65
64
64
64
64
64
64
64

d.

63
63
69
06
65%
64
62 %
62 %
63
63
63
63
63

a.

67
67
72%
70 %
69
67%
66 %
66 %
66%
66 %
66 %
06%
66%

d.

65%
65%
70%
68%
67
65%
64%
64%
05
65
65
65
65

d.

60%
00%
65%
63%
62
60%
59
59
59%
69%
69 %
59 %
59%

d.

64
64
69
06%
65%
64
62%
02 %
63
63
63
63
63

d.

05
65
69

66 %

65
63
62
62
62%
62 %
62 %
62 %
62%

d.

cl.

d.

6 6 % 68 % 69
66 % 6 8 % 69

70 % 72%
70
68
60% 6 8 %
64% 67
03% 65%
63 % 65%
64 60
64 66
64 66
64 66
64 66

73
70%
68%
07
65 %
65 %
06

00
66

60

66

BREADSTUFFS.
F r i d a y , J u n e 11 1909.
Prices for wheat flour have ruled steady to firm during
the week. The trading has been on a limited scale, purchases
in most instances being of a hand-to-mouth character. The
downward tendency of wheat quotations at times has not
been reflected in any weakness among sellers, however, as
millers have paid the highest prices of the year of late for
cash wheat and are not disposed to shade flour prices. The
fact that the stock in the local market is considerably smaller
than a year ago has had a steadying effect. Rye flour and
corn meal have been quiet and steady.
Wheat has latterly been drifting toward a lower level of
prices, largely because of better weather and prospects of an
early movement of the new crop. Indiana advices state that
harvesting will begin in that State next week, and this is
•expected to be the case also in Missouri and Illinois
Har­
vesting work is already under way in some parts of the South­
west. In other words, it looks as if July would be a new-crop
month under the stimulus of big prices and favorable crop




[VOL. LXXXV III.

prospects. A good deal of stress is laid upon the near ap­
proach of the marketing of new wheat, and prices have
within a few days plainly reflected this feeling. Crop con­
ditions are said to be very favorable in Kansas, Nebraska
and the Ohio River Valley. The spring-wheat outlook also
seems to be very encouraging. It appears that, though seed­
ing was late, the soil was in unusually good condition, and
that the plant has made remarkable progress. Southwestern
Russia has had beneficial rains. So has Argentina. The
Government report on the 8th inst. was rather less favorable
than expected, and caused a rally from an early decline on
the 9th inst. It was powerless, however, to prevent a sag­
ging of quotations during the last few days. The report on
winter wheat seems to point to a yield of close to 400,000 ,000
bushels and that on spring wheat to 253,000,000 bushels.
The total of the two crops is put at (352,000,000 bushels by
some figures, and as high as 704,000,000 according to others,
as against a total of 664,602,000 bushels last year and 63 4,­
087,000 in 1907. On the other hand, cash markets at the
W est seem to reveal a present scarcity of wheat, whatever
may be the case this fall. A t Winnipeg July wheat has been
higher than at either Minneapolis or Duluth. That is some­
thing seldom or never witnessed before. The stock at Minne­
apolis has fallen off latterly some 750,000 bushels. The stock
there is now only about 6,500,000 bushels, most of which
is said to be owned by mills. Some of the smaller mills
have been buying at Minneapolis. Duluth has done some
business for export and there has been more foreign inquiry
at Montreal. The mills in Southern Illinois are said to be
trying to buy cash wheat at St. Louis. Some reports were
current of damage in Kansas by Hessian fly and blight, and
the Missouri River is reported to have risen nearly to the
danger line. Argentine shipments continue^ considerably
smaller than those of a year ago. To-day prices weakened
on favorable weather and crop news, expectations of an early
movement of new wheat, a fall in cash quotations in the
Southwest, bearish pressure and liquidation, partly by lead­
ing bulls.
DAILY CLOSING PRICES OF WH EAT FUTURES IN NEW YORK.
S a t.

M on.

T u es.

W e d . T h u rs. F r i.

S a t.

M on.

T u es.

W ed . T h u rs. F r i.

No. 2 red winter, f .o . b .............cts.151
150
151
151
151 151
July delivery In elevator_________ 125 % 127
126 % 120% 125
124%
September delivery In elevator____116% 117% 117% 117% 116% 116%
December delivery In elevator____114% 115% 115% 115% 115
115%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
July delivery In elevator______cts.118%
September delivery In elevator____ 109%
December delivery In elevator____107%

119% 119% 116% 116%
Holl- 1 1 0 % 110% 109% 109%
day. 108% 108% 108% 108%

Indian corn futures have been firmer in the main, owing
largely to excessive rains in some sections and a decrease in
the receipts coincident with an expanding cash business.
Planting has not been completed on the lowlands in some
sections and where the work has been finished there are some
complaints of weeds. Cash prices have been strong anti the
Liverpool advices have been of a strengthening kind. Com­
mission houses have bought rather freely at times and prom­
inent Chicago operators have bought, supposedly to cover.
A t times recessions have occurred, owing mainly to weakness
in wheat, but there has been no disposition to sell freely for
short account despite the high prices. To-day prices opened
firm on light receipts and an advance in cash prices, but
later the depression in wheat imparted an easier tone to the
market. Weather and crop news was favorable.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
S a t.

M on.

T u es.

S a t.

M on.

T u es.

86
86
Cash com _____________ ______ .c ts .86
July delivery In elevator__________ 82 % 82% 81 •%
78
78
September delivery In elevator-------78
December delivery In elevator____ 6 8 % 68% 68%
DAILY CLOSING PRICES OF CORN FUTURES

July delivery In elevator -- cts.72%
September delivery In elevator------ 69%
HollDecember delivery In elevator-------58 X
A
day.
DAILY CLOSING PRICES OF OATS
S a t.

M on.

T u es.

W ed. Thurs. F r i.

86
82%
78
08%

86
82%
78 %
09 %

IN CHICAGO.
W e d . T h u rs. F r i.

<2% 72% 73
69%
<0% 70%
*>8 /.s
A
IN NEW YORK.

W ed.

8b
82 %
79
69 %

T h u rs.

<2%
70
•>*)

F r i.

No. 2 white
„„
„_
cents-65
65
65
65
65
65
White
clipped,
34 to 36
lbs.cts.63 %-65 % 63 %-65 % 63%-65% 63%-65% 63%-65% 63%-65%

Oats have moved within narrow limits, with the trading
quiet. Weather and crop reports have been favorable, but
the firmness of corn has had a steadying effect on oats. The
cash demand has increased of late and the receipts have
been moderate. The Government report on the 8th inst.
stated the condition at 8 8 .7 % , against 9 2 .9 % last year, but
the weather has been so favorable since the data for the
report was gathered that the official statement had little
effect. The area, according to the official report, is 32,422,­
000 acres, or 0 .2 % more than last year. To-day prices fluc­
tuated with corn,opening firm and then weakening. W eath­
er and crop reports were favorable and cash interests sold.
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO.
S a t.

M on.

T u es.

W e d . T h u rs. F r i.

July delivery la elevator................cts. 5 3 %
53% 53%
September delivery In elevator_______ 44% Holl- 4 4 % 4 4 %
December delivery In elevator_______ 44% day. 4 4 % 45

5 3 % 52%
4 ' ’4 4 4 %
45 ® 4 4 %

The closing prices were as follows:
FLOUR.
W inter, low grades____ 5 4 75 @$4 85 Kansas straight_______ 55 80© $6 25
Winter patents------------- 6 8u® 725 Kansas clears........ ......5 uu® 6 50
W inter straight----------- 6 50® 6 75 C i t y p a t e n t s _____________ 7 2 0 @ 7 50
W inter clear----------------- 5 35® 5 95 R ye flour, bids_________ 4 75 @ 4 90
Spring patent.................. 6 35(5) 6 90 Graham flour................ 4 1 5 ® 4 40
Spring straights_______ 5 85® 6 25 Corn meai, kiln dried___ 3 9 0 ® -----Spring cle a rs__________ 5 0 0@ 5 65

.June 12 1900.)

THE CH RO N ICLE

GRAIN.
Wheat, per bush.—
Cents. Corn, per bush.—
Cents.
N. Duluth, xNo. 1.........
136 Y%
No. 2 mixed________ elev. 86
N. Duluth, No. 2 _____
134 %
No. 2 yellow-------------f.o.b. 8 4 Yx
Reel winter. No. 2 ____ f.o.b. 151
No. 2 w h ite ________ f.o.b. 84 Yx
Hard *•
" ------135 3^ Rye, per bush.—
Oats, per bush.—
No. 2 Western______ f.o.b. 92
Nat white, 26 to 28 lbs.62 @64
State and Jersey______ Nominal
No. 2 mixed, 26 to 32 lbs.
@62
Barley— Malting________ Nominal
White clipped _______63 J4@65H
Feeding, c. 1. f. N Y__ 83 @ 87
For other tallies usually given here, sec page 1478.

A G R IC U L T U R A L D E P A R T M E N T R E P O R T ON CE­
R E A L S , E T C .— The report of the Department of Agricul­
ture, showing the condition of the cereal crops on June 1,
was issued on the 8th inst., and is as follows:
The Crop Reporting Board of the Bureau of Statistics of tlie United
otates Department of Agriculture estimates, from the reports of the corre^r?i0nc^cn^‘s ‘l,1< agents of the Bureau, as follows:
*
sown to spring wheat is about 18,391,000 acres, or 1,183,000
acics (0.9 n) more than sown last year. The condition of spring wheat on
Ju" e t was 95.2, as compared with 95 on June 1 1908, 88.7 on June 1 1907
anil 92.o the June l average of the past 10 years.
««
of u’lnter wheat on June 1 was 80.7, as compared with 83.5
on May 1 1909, 86 June 1 1908, 77.4 on June 1 1907 and 80.5 the June 1
average of the past 10 years.
The condition of rye on June 1 was 89.6, against 88.1 on May 1 1909,
91.3 on June 1 1908, 88.1 on June 1 1907 and 89.4 the June 1 average of
the past 10 years.
The area sown to oats Is about 32,422,000 acres, or 78,000 acres (0.2%)
more than the area sown last year. The condition of the crop on June 1
was 88.7, as compared with 92.9 on June 1 1908, 81.6 on June 1 1907
and 88.4 the June 1 average of the past 10 years.
The area sown to barley Is about 6,88 1,000 acres, or 235,000 acres (3.5%)
more than the area sown last year. The condition of the crop on June 1
was 90.6, as compared with 89.7 on June 1 1908, 84.9 June 1 1907 and
90.6 the June l average of the past 10 years.
The condition of meadows (nay) on June 1 was 87.6, against 8 1.5 on
May l 1909 and 96.8 on June 1 1908.
The condition of pastures oil June 1 was 89.3, against 80.1 on May 1 1909,
07.7 on June 1 1908 and 91.1 the June 1 average of the past 10 years.

D R Y GOODS T R A D E .

T H E

Y o r k , F r i d a y N i g h t , J u n e 11 1900.
Increased strength and a broader and more active demand
developed in the primary cotton goods market during the
past week, causing a much more optimistic feeling generally
in that division. The improvement lias been duo largely to
freer operations for the future on the part of jobbers and
converters, and it is noteworthy, too, that the former have
displayed more interest in domestics for near-by delivery
That the demand has been of a healthy sort seems to be
shown by the fact the purchases as a rule have covered the
better-grade fabrics.
In the print-cloth market botli wide
and narrow goods have been in greater request, with sales
of regulars on an unusually largo scale at prices higher than
a week ago; in tact, prices of these,as well as of other cotton
goods, appear to be working nearer a parity with the advance
in the staple and are also reflecting to a more marked degree
the well-sold-up conditions in many lines. Although their
spot trade is reported as seasonably quiet, and during the
past week lias been restricted somewhat by inclement
weather, jobbers quite generally display a more hopeful
feeling regarding prospects for fail trade; steady advance
orders are being received from retailers and the demand has
continued to expand. In some quarters of the secondary
market repeat orders have already begun to come forward,
such duplicating being attributed to the increased strength
of the primary market ami to the desire of merchants to
place their orders before possible further advances take
place. Current business among jobbers is confined mostly
to staples and domestics,such as prints, ginghams, bleached
goods, &c_ In the export division some improvement in
business with miscellaneous ports is reported, but tiic orders
have been rather small and the aggregate not large; trade
with China has continued quiet. The feature of the week in
dress goods has been the advances named on worsteds and
fine broadcloths for late delivery ranging from 10 to 1 2 } 4 % ;
a fair amount of duplicate business lias come forward from
jobbers. More lines of men’s wear serges for spring 1910
have been opened, some at prices showing advances of from
IS to 20 cents a yard over last season’s opening figures.
DOM ESTIC COTTON G OODS.— The exports of cotton
goods from this port for the week ending June 5 were 2,221
packages, valued at 8130,648, their destination being to the
points specified in the table below:
N ew

5—•
Great Britain..................
Other European.
„ _
China .
India ..........
Arabia
Vfrlca
West Indies ___
N ew

Y o r k to J u n e

W eek .

8

40

Mexico

Central America
South America ______ *’ “
Other countries______I
Total

293

.......... ....... ....... - - - - - - ...... ...2 ,2 2 1

1909-------

1908-------

S in c e
J a n . 1.

S in c e

501
609
76,969
7,918
14,653
6,061
17,402
741
6,561
22,771
7,342

101,588

W eek .

18

112

268
435
13,158
4,010
13,703
3,020
9,578
845
6,203
18,738
8,206

4,735

78,344

1,180
75
1,124
250
468
26
358
1,124

The Value of these New York exports since Jan. 1 has boon
88,073,113 in 1909, against 85,046,654 in 1908.
Most lines of domestics have been in better request.
Bleached, colored and gray goods especially have moved
more freely under an increased demand from many jobbers
who have apparently started to cover their early fail require­
ments, with indications that some are replenishing their
stocks of staple prints, bleached goods, wide sheetings, &c.
Some lines of bleached cottons jobbers have found more
closely sold up than they realized, considerable difficulty
being experienced in securing new deliveries before mid­
summer, while much the same conditions prevail on wide
sheetings and similar goods. Staple prints have continued
in active demand, and shirtings and suitings are being sought




1509

for delivery several months ahead. Leading Southern pro­
ducers of these fabrics are said to be receiving very satisfac­
tory orders. Duck has worked into a somewhat stronger
position with a firmer tone noted at the mills. The call for
dress ginghams has shown no abatement; substantial orders
for early spring delivery 1910 are being received. Standard
brown drills, tickings, denims and brown sheetings, especially
4-yard 56x60s,are firmer; it is stated that one of the leading
handlers of denims has refused considerable business for
delivery beginning in October. Some houses are showing
advanced lines of woven cotton dress goods for next spring,
which so far have been well taken. The print-cloth market
has been more active and distinctly firmer. M. C. D .
Borden’s brokers raised their bid to 3 7-16c. for July, August
and September deliveries of regulars, and it is estimated that
upwards of 350,000 pieces have been sold during the week
on that basis. W ide cloths have also been taken more
freely, but although buyers have been bidding somewhat
higher than a week ago, they have found mills not overwilling to accept contracts beyond early fall. Regulars are
now quoted at 3 7-16c. and standard wide goods at 4 % to
4>£c.
W O O L E N G OO DS.— In the primary dress goods market
additional repeat orders on fall goods have been received,
and sharp advances, as already noted, have been made on
worsteds and broadcloths for late delivery; the additional
advance of 2J£c. a yard on fine broadcloths is the second
advance on these cloths since the season opened. A few
sample lines of dress goods for spring 1910 are being dis­
played and a little business lias already been booked, but
the tendency generally is to postpone openings until next
month. In men’s wear additional lines of serges for next
spring have been opened, and, as was expected, owing to
I lie high cost of raw materials, some well-known lines show
stiff advances compared with last season, without, however,
curtailing the buying. It is understood that some producers
have booked orders also on fancy worsteds for next spring
at advances of from 12Jjj to 1 5 % over last season.
F O R E IG N D R Y G OO DS.— Samples of imported light­
weight, dress fabrics for spring 1910 are being shown, and
while it is understood that moderate advances have been
made, the exact figures have not been disclosed. Demand
for linens of all descriptions has increased and considerable
difficulty is experienced in securing deliveries and quantities
as desired; owing to the higher prices demanded by manu­
facturers abroad, importers here have made advances of
fully 1 0 % on some lines for next season’s delivery and are
readjusting other lines.
Burlaps have continued quiet and
featureless, except that 10J/fj-ounce are slightly easier at
4 .5 0 @ 4 .5 5 c .; light-weights are unchanged at 3.50c.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
a t this port for the week ending June 5 1909 and since
Jan. 1 1909, and for the corresponding periods of last year,
were as follows:
B

Sg
a£

g

Is

B

H
B

COH
-*
Cl CJ COCDCO
to Vl M
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■*1CO O COto to 00
ft* Cl V* CDto
O Cl Oi COCl
Ci MO ^ tC1 to
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00 00 i—-OCl *0 Oo

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to V|o Cl V|
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to 4* 4* 4* ©

MNNC 1 H1
4* >-* Cl Cl 4*
COOOCOCl -0
COCOCl 00 Cl
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Cl Cl
to CO
to Cl
O 4* >t* COCi Cl Ci
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B

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t* o 00co to B

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53

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to 4* oo **4 to cS R
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o

THE CH RO N ICLE

1510

N ew s Ite m s.
Cincinnati, Ohio.— C i t y

N o t C o m p e l l e d to S u b s t it u t e B o n d s

In a decision rendered June 2 Judge
HofTheimer of the Superior Court held that in the absence of
positive proof of absolute destruction of a bond, city officials
have no power to issue a substitute bond for one lost or mis­
placed
The decision was the result of a suit brought by
the Citizens’ National Bank to compel the city to re-issue or
substitute a bond for $500 which the bank has lost or mis­
placed.
Fargo, Cass County, No. D ak.— B o n d s D e c la r e d I l l e g a l .—
The St. Paul “ Pioneer Press” states that the State Supreme
Court has decided that the §100,000 water and electric-light
bonds offered on May 3 (V . 88, p. 1151) are illegal. This
reverses the findings of the lower court in Cass County. The
point raised was that the bonds were authorized for two
purposes, without specifying the amount to be used for each.
Florida. — L e g i s l a t u r e A d j o u r n s . — The Legislature ended its
1909 session on June 3.
Illinois. — L e g i s l a t u r e A d j o u r n s . — The Legislature of this
State adjourned at 11:45 p. m . on June 3.

L ost

or

M isp la c ed —

Pierce County (P. O. R ugby), No. D ak.—B o n d s

the $30,000 5 % 10-year school-building bonds voted on
April 20 (V . 88, p. 1147) have not been offered for sale as yet.
Ashland, Ohio.— Bond Sale.— It is stated that the $24,000
Bank Street and the $6,400 Grant Street 6 % bonds offered
on June 7, and described in V. 88, p. 1453, were awarded,
the former issue to the First National Bank of Ashland at
105.265 and the latter issue to the Farmers’ Bank at 105.40.
Maturity one bond of each issue every six months from Mch. 1
1910 to Sept. 1 1919 inclusive.

Aspermont School District (P. O. Aspermont), Stonewall
County, Tex. — Bond Election.— The voters of this district
will decide June 12 whether $12,500 bonds shall be issued
to erect a public-school building.
Avoca, Steuben County, N. Y .—Bonds Not Sold.— No
sale was made on June 7 of the $18,000 20-year water­
refunding bonds described in V . 88, p. 1384.
Babylon Union Free School D istrict No. 4, Suffolk County,
N. Y . — Bond Sale.— The $45,000 4 ^ % registered school­
building bonds described in V. 88, p. 1267, were sold on
June 4 to Douglas, Fenwick & Co. of New York City at
103.611 and accrued interest. The following proposals
were received:

D e c la r e d

The opinion of the lower
Court upholding the validity of the $75,000 court-house and
jail-construction bonds, bids for which were rejected on
Jan. 12 (V . 88, p. 324), was reversed by a recent decision of
the State Supreme Court. The questions involved, it is said,
were similar to those in the case of the city of Fargo. The
bonds were authorized for two purposes, but the amount to
be used for each was not stated.
W ashington. — S p e c i a l S e s s i o n o f L e g i s l a t u r e . — The Gover­
nor has issued a call for a special session of the Legislature to
commence at 2 p. m. June 23. The regular session ended,
as stated in V . 88, p. 777, on March 11. The extra session
is for the purpose of hearing and acting upon the report of
the committee appointed by the Legislature to investigate
State departments and institutions.
I lle g a l

by

S ta te S u p r e m e

C o u r t .—

B o n d C a lls a n d R e d e m p t io n s .
Des Moines Independent School D istrict P . O. (Des
Moines), Iow a. — W a r r a n t C a l l .— Call was made for payment
at the District Treasurer’s office of all outstanding school
warrants issued by school districts now included in the Des
Moines Independent School District which hcivo been en­
dorsed on account of not having sufficient funds to pay the
same. Interest ceased June 1.

Paducah, McCracken County, Kj . —

T en d ers

of

Bonds

R e q u e s t e d .—

In an advertisement on a subsequent page the
city asks the holders of the following bonds to state at what
price they will sell the same to the city.
$4,500 N. O. & O. R R . bonds Issued in 1883
2 000 C O & S. W. RR. shops bonds Issued In 1904.
10 000 P T. & A. RR. bonds Issued In 1891.
6 000 X. O. & O. RR. bonds Issued In 1900.
4 000 P «.% M. gravel road bonds Issued In 1889.
10 000 C. St. L. & P. RR. bonds Issued in 1888.
7.500 street bonds issued in 1904.
1.500 City-hospital bonds issued in 1904.
1.500 City-market bonds Issued in 1904.

B o n d P r o p o s a l s a n d N e g o t i a t i o n s this w eek
h ave been as follows s

highway-construction and improvement bonds.
Interest semi-annual. Maturity $ 1,000 yearly on July 1 from 1910 to
1929 inclusive and $48,000 on July 1 1930.

Allegheny County (P. O. Pittsburgh), Pa .—Bond Sale.

On June 4 $400,000 Soldiers’ Memorial Hall and $100,000
Woodville Home 4 % 30-year bonds were sold to J. Sk &
W . S. Kuhn Inc., of Pittsburgh at 102.6o8 and 102.081,
respectively. Bonds are exempt from taxation.
Allen, Dixon County, Neb .—Bonds Voted.—The $10,000
5 % 5-20-year (optional) water bonds mentioned in V . 88,
p. 1147, were authorized at the election held May 26.
I he
vote was 49 “ for” to 9 “ against.”

Alpine School D istrict (P. O. Alpine), Brewster County,
T exas. — Bonds Voted.— Seventy-six votes were cast on
May 8 on a proposition to issue $30,000 o / 0 5-40-year
(optional) building bonds. All were in favor of the issue.
Altoona, Blair County, P a : — Bond Sale. Ihe $300,000
4 % water bonds described in V . 88, p. 1384, were sold on
June 3 to Battles, Heye & Harrison and Pennington,
Colket & Co., both of Philadelphia, at their joint bid of
102.182 and accrued interest. The following bids were
received.
Battles, Heye & Harrison 1Philadelphia ------------------------------------- $300,546
Pennington, Colket & Co.J
A. B. Leach & Co., Chicago___________________________________ 221’ tSJ
Blodget, Merritt & Co., Boston........ ..............- ............................ 502,469
Otis & Hough, Cleveland____ _____ ___________- - - - - - ................ 301,500
NIaturlty Jan. t 1939, subject to call after Jan. 1 1924.

Amite City School D istrict (P. O. Amite C ity), Tangipahoa
P arish , L a .—Bonds Not Yet Offered.—W e are a d v $ d that




VOL. LXXXVIII.

Douglas, Fenwick & Co.,
New York___________ $46,625 00
Ferris & White, New York 46,60b 50
Adams & Co., New Y o rk .. 46,477 00
Maturity $1,500 yearly on Jan. 1

Rudolph Klcybolte Co.
Inc., New York---------$46,449 00
First Nat. Bk., Cleveland 45,193 50
Farson, Son & Co., N. Y. 45,046 00
rom 1911 to 1940 Inclusive.

Ballinger Independent School District (P. O. Ballinger),
Runnells County, T ex .— Bond O f f e r i n g .— Proposals will be
received until 3 p. m. June 12 by L . D . Walker, District
Treasurer, for $20,000 5 % 20-40-year (optional) budding
bonds. Denomination $500. Date April 1 - 1J0J. in ­
terest annual. Certified check for $500 is required.
Bellevue, Allegheny County, Pa.— B o n d s V o t e d — i m ­
provement bonds amounting to $25,000 were authonzeci .
j y this borough at an election held on May 22.
The vote
was 145 “ for” to 53 “ against.”
Bertram Independent School District (P. O. Bertram),
Burnet County, Texas.— B o n d S a l e . — The State Permanent
School Fund purchased at par and interest $15,000 5 % 10-40ycar (optional) school-house bonds registered by the State
Comptroller on May 18.
Binghamton, Broome County, N . Y .— B o n d s V o t e d — A
recent election resulted, it is stated, in favor of a proposition
to issue $8,000 sewer bonds.
Bloomington School District (P. O. Bloomington), Vic­
toria County, T ex.— B o n d E l e c t i o n . — A special election will
be held June 12 when the electors will decide on the issuance
of $3,000 school-house bonds.
Boerne Independent School District (P. O. Boerne), K i“ ball County, Texas.— B o n d s V o t e d . — A t an election held
in this district on June 1 an issue of school bonds was author­
ized, according to reports, by a majority of 35 votes.
Booneville Union Free School District No. 1 (P. O. Booneville), Oneida County, N . Y .— B o n d S a l e . — The $40,000
4 % school-building bonds, proposals for which were asked
until May 8, were sold on May 24 to the State of New iork
at 100.25. The bonds mature $1,000 yearly on N ov. 1
from 1910 to 1929 inclusive and $2,000 yearly on N ov. 1
from 1930 to 1939 inclusive,and are described in V. 88, p.

1148.

t

Bottineau County (P. O. Bottineau), N o. D ak.— Bond
S a l e .— On May 18 $15,000 6 % 10-year Wdlovv Drain N o. o
construction bonds were sold to the New f irst National Bank
of Columbus for $15,487 55— the price thus being 103.25.
Denomination $1,000. Date April 6 1909. Interest annual.
Braintree, Norfolk County, M ass.— B o n d O f f e r i n g .— Pro­
posals will be received until 3 p. m lo
°
Dyer, Town Treasurer, for $25,000 3 X
A %
coupon scii
house bonds voted on May 24
^
Interegt seml.annuaUy at
DateMaturlty$
Jin ®
mm w iH v on Tune l from 1910
theDenomination
City Trust Co.$1,000.
of Boston.
3 .000 yearly on J u n e l fr o m i 9 iu
to 1914 Inclusive and $2,0 0 0 yearly on J u n e l from 1 9 1 5 i ota inclusive^
Bonds will be ready for delivery on June 10 t ^ ° oxc, ‘
uLsacV uLus
crued Interest from June 1 1909. 1 ney nro w.v ^ i "
,
and will be certified to as to their genuinenessi by’ the City Trust Co. of Bos
ton. The legality of the Issue has been approved
« ° P es 1to SXrchaser
ham of Boston, a copy of whose oplnl°ti vv111 1:>o d'cllveu.d to purchaser^
Official circular states that no bonds Issued by the town h ^ o over Dcen
contested and the Interest on the debt has always been promptly paid at

California (State of).— B o n d O f f e r i n g .
W . R . Williams,
State Treasurer, will offer at public auction at
p. m.
July 2 at his office in Sacramento, $500,000 4 % gold coupon
San Francisco sea-wall bonds. These securities are part of
the authorized issue of $2,000,000 bonds, of which $1,­
250,000 have already been disposed of. Sec V . 88, p. 172.
Authority vote of 119,416 to 26,835 at election held Nov. 8 1 90 4 . De­
nomination $1,000. Date Jan. 2 1905. Interest semi-annually atJthe
State Treasurer’s office. Maturity Jan. 2 1924, subject to call iaft
Jan. 2 1914. Bonds are exempt from taxation. Official circular Btat
there Is no litigation pending or threatening affecting the validity ot tnes
bonds: also that there has never been any default In the payment
obligations.

Camden School District (P. O. Camden), N . J .— B o n d s
The City Council of this place on May
vetoed a proposition, it is stated, to issue the $380,000 highschool-building bonds mentioned in V . 88, p. 1268. .
Canfiild, Mahoning County, Ohio.— I n j u n c t i o n G r a n te d —
Cincinnati papers state that a permanent injunction has been
granted against the sale byjthis village of the $ 2 ,0 0 0 10 / o
i road bonds (V S8, p 1453)jwhieh was to have takenjplace
1 June 7
N o t to be I s s u e d . —

J une 12 1009.]

THE CH RO N ICLE

Canon City, Fremont County, Colo.—B o n d S a l e . — In reply
to our request for the details of the $100,000 5 % watersystem-completion bonds, mentioned in V . 88, p. 1384, we
are advised that the issue was awarded last September to
Spitzer & Co. of Toledo at 98. The issue has not yet been
delivered. Denomination $1,000. Date Oct. 1 1908. In­
terest semi-annual. Maturity 1923.
Canyon County (P. O. Caldwell), Idaho.—

B o n d O ffe r in g .

— Proposals will be received until July 22 by O. V . Badlcy,
County Clerk, for $100,000 bonds.
Carl Junction, Mo.— B o n d S a l e . — A . G. Edwards & Sons
of St. Louis inform us that they liaye purchased $9,300 6 %
water-works bonds dated April 15 1909.
Maturity April 15 1929, subject to call, however, as follows:
April 15 1914, §3,000 April 15 1919 and §3,300 April 15 1924.

§3,000

Carlton Independent School D istrict (P. O. Carlton),
Hamilton County, T exas.—B o n d s V o t e d . — A recent election
resulted in favor of a proposition to issue $10,000 school­
building bonds.
Carroll County (P. O. Carroll), Iow a. — B o n d S a l e . — On
May 12 Geo. M. Bechtel & Co. of Davenport bought $40,000
4 % funding bonds.
Denomination §1,000. Date .May 1 1909. Interest semi-annual.
Maturity §20,000 on May 1 In each of the years 1924 and 1929.

Charleston, So. Caro.— B o n d

E l e c t i o n .—

1511

Corona, Riverside County, Cal.— B o n d s V o t e d . — Reports
state _ that the propositions to issue the following bonds
mentioned in V . 88, p. 1150, carried at the election held
May 18:
§30,000 sewerage bonds, by a vote of 285 to 44.
91.000 drainage-system bonds, by a vote of 270 to 52.
14,500 street-repair bonds, by a vote of 266 to 50.

Corpus Christi, Nueces County, T ex.— B o n d E l e c t i o n .—
An election will be held June 15 to vote on the question of
issuing $90,000 5 %
10-40-year (optional) water-workssystem construction and improvement bonds. Interest
semi-annual.
Creek County, Okla.— W a r r a n t O f f e r i n g . — Proposals will
be received for $60,000 4 % 20-year high-school warrants.
Interest semi-annual. A . M. Brixey (P. O. Mounds) is
Secretary.
Culpeper, Culpeper County, Va — B o n d s V o t e d .— 1This
place on May 22, according to reports, voted in favor of a
proposition to issue $25,000 school-building bonds. The
vote polled was 117 to 106.
Curtis, Frontier County, N eb.— B o n d s V o t e d . — The follow­
ing bonds were voted at an election held May 25:
$15,000 6 % water bonds. Vote was 118 “ for” to 23 “ against.”
twenty years, subject to call after five years.
1.000 7% jail bonds. Vote was 108 “ for” to 26 “ against."
ten years, subject to call after four years.

Maturity
Maturity

Local papers men­
Dallas, T ex .— B o n d O f f e r i n g . — Proposals will be received
tion the fact that the election commissioners arc arranging
the details of the election to be held on June 20 to vote on until 12 m . June 25 by J. B . Winslett, City Secretary, for
the issuance of bonds for the completion of the sewerage the following 4 % gold coupon bonds voted on April 6 (V . 88 ,
system. V . 88, p. 579. It is said that the issue will not
p. 1079):
exceed $400,000 and will bear 4 % interest.
water-works permanent improvement bonds. Maturity §12,000
Chattanooga, Hamilton County, Tenn.—B o n d E l e c t i o n .— §500,000 on
May 1 In even years anil $13,000 on May 1 in odd years, from
1910 to 1949 Inclusive.
An election will be held June 24 to vote on a proposition to
200.000 public-school Improvement bonds. Maturity §5,000 yearly on
issue $275,000 bonds for the purpose of improving, extending
May 1 from 1910 to 1949 Inclusive.
Denomination §1,000. Date May 1 1909. Interest semi-annually at
and enlarging its sewerage system and for public-school pur­
the National Bank of Commerce In New York City. The bonds will be
poses .
certified as to their genuineness by the United States Mortgage & Trust
Co. of New York City and their legality approved by Dillon & Hubbard of
W a t e r B o n d R e s o l u t i o n S i g n e d b y M a y o r . — Local papers
New York City, a copy of whose opinion will be delivered to the purchaser.
state that the Mayor has signed the resolution authorizing The
securities will be delivered on or before July 10 1909. Certified check
the issuance of the $900,000 water-works bonds mentioned for 2% of bonds bid for, payable to C. B. Gillespie, Commissioner of Finance
and
Revenue,
Bonded debt on April 21 1909, $2,870,750. No
in V. 88, p. 1149. The resolution also authorizes the Mayor lloatlng debt. Is required.
Assessed valuation for 1908
$60,249,976. Population
and Board of Aldermen to advertise for bids for the con­ (census of 1907), 77,678. Assets of city, §5,917,371 43.
struction of a new water-works plant. It is further stated
T h e o f fi c i a l n o tic e o f th is b o n d o f f e r i n g w ill b e f o u n d a m o n g
that the present company, the City Water Co., offered to th e a d v e r t i s e m e n t s e ls e w h e r e i n th is D e p a r t m e n t .
sell its plant to the city for $1,700,000.
Delaware (State o f).— B o n d O f f e r i n g . — Proposals will be
Chehalis, W ash. — B o n d s V o t e d . — An election held June 1 received until 12 m . June 15 by David O. Moore, State
resulted in a favorable maj'ority for the issuance of $15,000 Treasurer, for $10,000 4 % coupon bonds for the erection of a
bonds to build a city-hall.
building on the experimental farm at Delaware College.
Denomination §500. Date July 1 1909. Interest semi-annually at the
Cheswick, Allegheny County, P a.—B o n d s D e f e a t e d . — At
Farmers’ Bank In Wilmington. Maturity July 1 1919. Bonds are exempt
an election held June 5 the voters of this borough defeated from
State tax. Certified check for 5% of bid, payable to the State
a proposition to issue $6,000 bonds for a sewage-disposal Treasurer, is required.
plant.
fj$j
Dobbs Ferry, Westchester County, N . Y . — B o n d O f f e r i n g .
Chicot County (P. O. Lake V illage), A rk.—B o n d S a l e .— — Proposals will be received until 3 p. m. June 22 by Oswald
The W m . R . Compton Bond & Mortgage Co. of St. Louis Schuler, Village Clerk, for the following registered bonds:
§22,000 street bonds. Denomination §2,000. Maturity §2,000 yearly on
has purchased $246,600 5 % 20-year refunding bonds.
July l from 1914 to 1934 Inclusive.

Denomination §1,000, except one bond of §600. Interest Jan. 1 and
July 1 In New York City. Total bonded debt, this Issue. Assessed valu­
ation, §3,266,499. Real valuation (estimated), §7,000,000.

10.000 grading bonds. Denomination §500. Maturity §500 yearly on
July 1 from 1914 to 1933 Inclusive.
12.000 public park bonds. Denomination 51,000. Maturity §1,000
yearly on July 1 from 1914 to 1925 Inclusive.
Cincinnati, Ohio.— B o n d s A u t h o r i z e d . — Ordinances have
4,500 IJvlngston Avenue bonds. Denomination §500. Maturity $500
been passed providing for the issuance of the following 4 %
yearly on July 1 from 1914 to 1922 Inclusive.
5.000 fire-department bonds. Denomination $500. Maturity
$500
coupon bonds:
ycariy on July 1 from 1914 to 1923 inclusive.
§150,000 bonds for rc-surfaclng and re-pavlng certain streets. Maturity
18.000
sidewalk
bonds.
Denomination
§1,000.
Maturity
$1,000
yearly
1 year. Date, day of sale.
on July 1 from 1914 to 1931 Inclusive.
8,000 Hu at Street (city's portion) Improvement bonds. Maturity 20
Authority, election held March 16 1909. Date July 1 1909. Interest
years. Date June l 1909.
(at
not
exceeding
5%) payable semi-annually. Certified check for 5% of
Denomination §500. Interest semi-annual.
bid, payable to the Village of Dobbs Ferry, Is required. Bonds will be de­
Cincinnati School D istrict (P. O. Cincinnati), Ohio.— B o n d livered July 14. Purchaser to pay accrued Interest. This village has no
bonded debt at present. Assessed valuation 1909, $5,032,000. For fur­
O f f e r i n g . — Proposals will be received until 12 m . June 21
ther particulars address J. W. Mlddlebrook, Room 902, 41 Park Row,
by the Board of Education, William Grautman, Clerk, for Counsel for village.

$180,000 4 % coupon bonds for purchasing and improving
public-school property.

Denomination $500. Date, day of sale. Interest semi-annually at the
American exchange National Bank In New York City. Maturity 40 years.
Certified check for 5% of bonds bid for, payable to the Board of education,
Is required. Purchaser to pay accrued Interest.
Bid to be made on
blank form furnl hed by the Board of Bducat on.

Collingawood School District (P. O. Collingswood),
Camden County, N. J . —B o n d O f f e r i n g . — Proposals will be
received until 8 p. m. June 17 by the Finance Committee,
Harry W . Smith, Harry S. Hudson and David Evans,
Chairman (P . O. West Collingswood), for $50,000 4 %
school-building and site-purchase bonds.
Authority election held A >rll 17 1909. Denomination §500. Date June
1 1909. Intorest sjml-anniially at the Camden Safe Deposit & Trust Co.
of Camden. Maturity § 1,000 ycariy on June 1 from 1914 to 1963 Inclusive.
Certlllcd check on a national bank or trust company for $1,000, payable to
David Evans, Chairman Finance Committee, Is required.
T h e o f fi c i a l n o tic e o f th is b o n d o f fe r i n g w i ll b e f o u n d a m o n g
th e a d v e r t is e m e n t s els ew h er e i n th is D e p a r t m e n t .

Coffeeville,

Yalobusha

County,

M iss.—B o n d

S a le.

—

On June 1 the $8,000 5 % 1-20-year (serial) coupon school
building bonds described in V . 88, p. 1385, were awarded
to R . C. Ween of Vaiden at 100.325. Following are the bids:
R. C. Ween, Vaiden- ...........$8,0261Chas. H. Coffin, Chicago____ §7,671
John Nuvcen & Co., Chicago- 7,760[

Columbus, Ind. — B o n d O f f e r i n g . — Proposals will be re­
ceived until 2 p. m. June 22 by the City Clerk, it is stated,
for $26,000 3 j ^ % refunding bonds. Denomination $1,000.
Interest January and July.
Copiah County (P. O. H azelhurst), M iss.—B o n d

S a le.

—

On June 7 Ulen, Sutherlin & Co. of Kansas City purchased
the $30,000 5 % 20-year coupon road and bridge bonds de­
scribed in V . 88, p. 1454, for $31,850— the price thus being
106.166, a basis of about 4.521% .




Easley School District No. 13 (P. O. Easley), Pickens
County, So. Caro.— B o n d S a l e . — The $5,000 5 % 20-year
gold coupon school-building bonds described in V. 88, p.
1151, were sold on June 1 to Coffin & Crawford of Chicago
at 101.50 and accrued interest. Purchasers to furnish blank
bonds.
East St. Louis School District (P. O. East St. Louis),
St. Clair County, 111.— B o n d S a l e . — The $50,000 4 % bonds
offered on June 7 (V. 88, p. 1385) were sold to the Mercantile
Trust Co. of St. Louis at 100.254 and accrued interest.
The following bids were received:
Mercantile Trust Co., St. D-.$50,127 111. State Tr. Co.. E. St. L . .*$50,015
S. A. Kean & Co.,..Chicago-_ 50,300 Thos. J. Bolger Co., Chicago *50,000
Southern Illinois National
Harris Trust & Savings Bank,
Ulank, East St. Louis_____ 50,000
Chicago_________________*50,000
* "Less fees.”
With the exception of S. A. Kean <5c Co., the above bidders all offered
accrued Interest In addition to their bids. A bid for 4 Ms was also received
from Bert, Clark A Co. of Chicago, while John Nuveen & Co. of Chicago
submitted an offer for 4 Ms. The bonds ane dated July 1 1909 and mature
on July 1 as follows: $15,000 In each of the years 1919 and 1924 and
§20.000 In 1929. Interest semi-annual.

El Reno, Okla.— B o n d O f f e r i n g .— Proposals will be received
until June 15 by J. A . Labryer, Mayor, for the $50,000 cityhall and $20,000 sub-fire-station 5 % 25-year bonds voted on
April 27 .— V . 88, p. 1331.
Emmett School District (P. O. Em m ett), Canyon County,
Idaho.— B o n d S a l e . — On June 3 the $33,000 5 per cent
10-20-ycar (optional) improvement bonds mentioned in
V . 88, p. 1331, were awarded to the Trowbridge & Niver Co.
of Chicago for $33,103 20, the price thus being 100.312.
A
bid of par was also received from the J. H . Causey Co.
Denomination $500. Date June 1 1909. Interest semi­
annual.
Etowah, McMinn County, Tenn.— B o n d S a l e .— On June 5
the $15,000 5 % 20-year coupon school bonds offered on that

1513

THE CH RO N ICLE

day (V . 88, p. 1386) were awarded to S. A . Kean & Co. of
Chicago at 102.10.
Date June 1 1909. Interest semi­
annual.

E u c a ly p t u s

School

D is t r ic t ,

C a l. — B o n d

This
district sold $2,100 5 % 1-10-year (serial) school-house
bonds on May 7. The Petaluma Savings Bank of Petaluma
was the successful bidder, paying $2,151 51 or 102.452—
a basis of about 4 .4 9 2 % .
Denomination $210. Date
June 1 1909. Interest annual.

F a llo n , C h u r c h ill C o u n t y , N e v . —

S a l e .—

B o n d s N o t to be O f fe r e d

at P r e s e n t .— The City Clerk writes us that the $35,000 5 %
gold coupon water-works bonds which were to have been
offered for sale about June 1 (V . 88, p. 1151) will not be
placed on the market before the early part of September.
In his letter he states that it was thought at first that the
bonds would be sold about June 1, but it was afterward
discovered that if this was done the issue could not be ad­
vertised for the number of days required by law.

F e r g u s C o u n t y S c h o o l D is t r ic t N o . 1 , M o n t . — B o n d S a l e .—
On May 29 the Bank of Fergus County in Lewistown pur­
chased $15,000 i } 4 %
5-15-year (optional) school-house
bonds at 100.375. Following are the bids:
IJanU of Fergus County, Lewistown---------------------------------------$15,056 25
First National Bank, Lewistown------- ----------- -----------------------«15,000 00
Farson, Son & Co., Chicago---------- --------------------------------------015,000 00
S. A. Kean, Chicago-.................................. ............... ............. --C15.000 00
and accrued Interest, b less §296. c less $.275.
Denomination §1,000. Date June 1 1909. Interest semi-annual.

a

Franklinton Township (P. O. Franklinton), Franklin
County, N . C.— B o n d s V o t e d . — An issue of $40,000 bonds
has been voted by this township, it is, stated, for the pur­
pose of building roads.
Fresno, Cal.— B o n d s V o t e d . — The $150,000 5 % school
bonds mentioned in V. 88, p. 1269, were authorized by a
vote of 1,235 “ for” to 117 “ against” at the election held
May 29. Maturity from 1914 to 1934.
Friend School District, Saline County, N eb.— B o n d s V o t e d .
— A proposition to issue bonds for a high-school building was
accepted by the voters of this place at a special election held
on June 1.
Gallitzin, Cambria County, P a.— B o n d s V o t e d . — On May 25
the citizens of this borough authorized the issuance of $6,500
paving and $15,000 sewer-extension bonds by a vote of 239
“ for” to 46 “ against.” The bonds, we are informed, will be
put on the market in the near future.
Garland Independent School District (P. O. Garland),
Dallas County, T ex .— B o n d E le c t i o n P o s t p o n e d . — W e are
informed that the election to vote on the question of issuing
the $10,000 school-building bonds mentioned in V. 88, p.
394, will not be held until next year.
Glynn County (P. O. Brunswick), G a.— B o n d E l e c t i o n . —
According to reports, this county will hold an election to
vote on the question of issuing bonds for good roads.
Goldsboro, W ayne County, No. Caro.— B o n d E l e c t i o n .—
This place will vote on June 14 upon a proposition of issuing
' $150,000 street and sidewalk bonds.
Gordon, Palo Pinto County, T ex.— V o t e . — A vote of
75 “ for” to 8 “ against” was cast at an election held in this
municipality on May 25 for the issuance of water-works
bonds.
Grand Island, Hall County, N eb.— B o n d E l e c t i o n . — An
election will be held June 15, it is stated, to vote on the
question of issuing $17,000 5 % 5-10-year (optional) pavingintersection bonds. Denomination $1,000.
Grant County (P. O. Elbow Lake), Minn.— B o n d O f f e r i n g .
— Proposals will be received until 10 a. m. June 15 by the
County Commissioners, M. L. Adam s, Chairman, for $50,000
coupon drainage bonds.
Authority, Chapter 230, Laws of 1905. Denomination §500 or $1,000.
Interest payable at Elbow Lake. -Maturity $15,000 In 1914 and 5.3,500
yearly from 1915 to 1924 Inclusive. Certified check for $500, payable to
the County Treasurer, Is required.

Griffin, Spalding County, G a.— B o n d S a l e . — The RobinsonHumphrey Co. of Atlanta has purchased the following 4 ) 4 %
gold coupon bonds voted on April 27 (V . 88, p. 1269):
“
$25,000 street-improvement bonds. Maturity on June 1 as follows: $1,000
yearly from 1025 to 1930 Inclusive, $2,000 yearly from 1931 to 1938
Inclusive and §3,000 In 1939.
30.000 city-hall bonds. Maturity on June 1 as follows: §1,000 yearly
from 1925 to 19.80 Inclusive, §2,000 yearly from 1931 to 1933 In­
clusive and $3,000 yearly from 1934 to 1939 Inclusive.
30.000 school-building bonds. Maturity on June 1 as follows: §1,000
yearly from 1925 to 1930 Inclusive, $2,000 yearly from 1931 to 1933
Inclusive and $3,000 yearly from 1934 to 1939 Inclusive.
Denomination $1,000. Date June 1 1909. Interest semi-annually at
he United States Mortgage & Trust Co. In Uew York City.

Gulfport, Harrison County, M iss.— B o n d s P r o p o s e d . — Ac­
cording to reports, it was resolved by the City Council on
June 3 that $50,000 bonds be authorized to extend the water­
works system.
^ H a n fo rd School District (P. O. Hanford), Kings County,
Cal.— B o n d s V o t e d . — The voters of this district have ap­
proved an issue of $5,000 bonds for improvements and to
pay salaries.
Harlowton School District (P. O. Harlowton), Meagher
County, M ont.— B o n d O f fe r i n g R e s c i n d e d . — The offering of
$21,000 building bonds which was to have taken place May
28 was rescinded.
Hastings School District (P. O. H astings), Adams County,
N eb.— B o n d s D e f e a t e d . — The proposition to issue the $100,000




jVOL. LXXXVIII

high-school-building bonds mentioned in V . 88, p. 1152, was
defeated at the election held May 25.

H a w le y , C la y C o u n t y , M in n . — B o n d s V o t e d .— Propositions
to issue $8,000 light and $8,000 water 5 % bonds were voted
upon at an election held May 20. The vote was 107 “ for”
to 19 “ against” the former issue and 82 “ for” to 36 “ against”
the latter.
Maturity $1,000 yearly from 1913 to 1928 in­
clusive .
H e n r y C o u n t y ( P . O . N a p o le o n ), O h io . —

B o n d S a l e .—

On

June 4 the ten issues of 4 ) 4 % coupon road-improvement bonds
aggregating $131,500 described in V . 88, p. 1455, were
awarded to the Napoleon State'Bank of Napoleon for $134,­
625 60— the price thus being 102.376. Accrued interest, if
any, to be paid by purchaser.

H e r m le ig h In d e p e n d e n t S c h o o l D is t r ic t ( P . O . H e r m le ig h ) , S c u r r y C o u n t y , T e x a s . — B o n d S a l e .— This district
has sold $8,000 5 % 5-40-year (optional) school-house bonds
to the State Permanent School Fund at par and interest.
H ills b o r o , H i l l C o u n t y , T e x . — B o n d S a l e . — On June l tho
four issues of 4 ) ^ % 1-40-year (serial) bonds aggregating
$36,000, described in V. 88, p. 1386, were awarded, it is
stated, to the Citizens’ National Bank of Hillsboro at par.
The bonds were registered by the State Comptroller on
June 4.

H o n d o In d e p e n d e n t S c h o o l D is t r ic t ( P . O . H o n d o ) , M e d in a
C o u n t y , T e x . — B o n d E l e c t i o n . — The question of issuing not
exceeding $10 000 5 % building bonds will be decided by tho
voters at an election to be held July 6.

H u t c h in s o n S c h o o l D is t r ic t ( P . O . H u t c h in s o n ) , R e n o
C o u n t y , K a n .— B o n d S a l e . — 1This district has sold $35,000
4)42% refunding bonds.

H y d e C o u n ty (P . O. S w a n Q u a rte r), N . C

— B o n d S a l e .—

The $5,000 6 % building bonds described in V . 88, p. 1152,
were sold on June 7 to the First National Bank of Cleveland
at 103.56 and accrued interest.
A list of the bidders follows:
First Nat. Bank, Clevc.... -35,178 0 0 1(J. II. Brown, Washington *$5 040 00
Sec. Sav. Bk.&Tr. Co.. ToL 5,135 001A. J. Hood A Co., Detroit *5,030 00
S. A. Kean & Co., Chicago. 5,101 251 Farson, Son & Co., Chicago 5 002 25
5^000 00
C. H. Coffin, Chicago------- 5,076 001F. F. Spencer, Fairfield
* And expenses.
Maturity §1,000 yearly on Dec. 1 from 1910 to 1914 Inclusive.

J e f f e r s o n C o u n t y ( P . O . D a n d r id g e ) , T e n n . —

B o n d S a l e .—

On May 29 $175,000 5 % 30-year pike bonds offered on that
day were awarded, it is stated, to A . J, Hood & Co. of
Detroit.
Jefferson County Navigation District (P. O. Beaumont),
T ex.— B o n d E l e c t i o n . — This district on July 8 will vote upon
a proposition to issue $498,000 improvement bonds.
Kansas City, K an .— B o n d O f f e r i n g . — 'Proposals will bo
received until 8 p. m. June 15 by J. E . Sm yth, City Clerk,
for the $1,097,850 63 4 ) ^ % bonds voted on May 4 to pur­
chase the plant and property of the Metropolitan Water Co.
Denomination $1,000, except one bond of $850 60: Date July 1 1909.
Interest semi-annual. Maturity July l 1939. Illd to bo made on form
furnished by the city and be accompanied by a certified check for $ 5 ,0 0 0 .
Purchaser to pay accrued Interest.
E le c tio n
For
C o m m is s io n
Form
of
G o v e r n m e n t . — Tho
electors of this city will vote July 14 on the question of a
commission form of government.
Kearny (P. O. Independent Station, Jersey City), Hudson
County, 1ST. J.— B o n d O f f e r i n g . — Proposals will be received
until 8 p. m. June 24 by the Town Council for the following
4)42% bonds: $90,000 for a town-hall and $35,000 for water
purposes. Maturity 25 years. Certified check for $5,000 is
required.
Burton E . Canfield is Town Treasurer. These
bonds were offered as 4s on May 13.
T h e o f f i c i a l n o tic e o f th is b o n d o f fe r i n g w ill be f o u n d a m o n g
th e a d v e r t i s e m e n t s e ls ew h er e i n th is D e p a r t m e n t .

Kenova, W ayne County, W . V a .— B o n d s V o t e d . — A voto
of 150 “ for” to 25 “ against” was cast May 29 on the issuance
of $40,000 improvement bonds.
Kent School District (P. O. K ent), Portage County, Ohio.
— B o n d s V o t e d . — By a vote of 200 to 105, this district.it is
stated, has voted an issue of $10,000 bonds for the purpose of
installing a heating and ventilating system.
Lawrence, Douglas County, K an.— B o n d S a l e . — An issue
of $115,000 4 y 2 % 10-30-year (optional) refunding bonds
was disposed of on May 26 to the Watkins National Bank of
Lawrence.
Denomination $1,000.
Date July 1 1909,
Interest semi-annual.
Le Roy Union Free School District No. 1 (P. O. Le R oy),
Genesee County, N. Y.— B o n d S a l e . — On June 8 the $80,000
school-building and the $17,500 site-purchase 4 ) ^ % bonds
described in V . 88, p. 1387, were awarded to “Isaac W ,
Sherrill of Poughkeepsie at 104.45 and 101.37 respectively.
Purchaser to pay accrued interest. A list of the bids re­
ceived follows:
$80,000
b o n d s.

$17,500
b o n d s.

Isaac W. Sherrill, Poughkeepsie------------------ ’---------104.45
101.37
Rudolph Kleybolte Co. Inc., New Y ork ..................— .------ 103.798----------N. W . Harris & Co., New York____________ ______ _______ 103.412------ •
—,
John J. Hart. ___ _____ _______ _____ _____ _____ .101.62
101.18
Security Trust Co., St. Paul_____________ _______ 103.378
101.468
Adams & Co., New Y ork............................... - ...........102.203
100.197
W. N. Coler & Co., New York--------------------— 101.125
100.125
First National Bank, Cleveland---------------.
too.19
The $80,000 bonds mature part yearly on Jan. 1 from 1914 to 1943 In­
clusive. while the $17,500 bonds mature part yearly on Jan. 1 from 1912
to 1920 Inclusive.

J une 12 1909. j

THE CHRON ICLE

Lowell, M ass. — B o n d S a l e . — On June 8 the $120,000 3 ^ j %
1-10-year (serial) coupon street-paving and sewer bonds
described in V. 88, p. 1456, were awarded to Blodgct, Merritt
& Co. of Boston at 100.276 and accrued interest. Follow­
ing are the bids:
Blodget, Merritt & C o . , Bos. -100.276 1American Banking Co.. Bost-100.073
Blake Bros. & Co., Boston. 100.0901N. VV. Harris & Co., Host ..100.027

Lower Merion Township School D istrict, Montgomery
County, P a . — B o n d S a l e . — On June 8 the $200,000 4 %
coupon school bonds described in V. 88, p. 1456, were pur­
chased by Winthrop, Smith & Co., according to reports, at
103.30. Maturity $10,000 on July 1 in each of the following
years: 1914, 1917, 1918, 1920, 1922, 1923, 1925, 1926, and
yearly from 1928 to 1939 inclusive.
Madera, Madera County, Cal.— B o n d s V o t e d . — This city
has voted to issue $50,000 bonds for the purpose of establish­
ing a municipal water system.

M analapan Township School D istrict, Monmouth County,
N. J . —B o n d S a l e . — On June 4 the $15,000 4 ^ % 3-32-year
(serial) coupon school bonds described in V . 88, p. 1387,
were awarded to It. M. Grant & Co. of New York City at
102.335— a basis of about 4 .3 0 1 % . The following proposals
were received:
R. M. Grant & Co., N. Y 5 15,350 25
15,000. . 100
First National Bank, f 5,000.. 101.50
Engllshtown ...... .. J5 .0 0 0 . . 102.50
First National Bank, Engllshtowu_____________ 15,202 50

H. K. Stokes, New Y ork .$15,231 21
First National Bank, South
Amboy____________ . 15,00187
A. S. Ely, Freehold______ 15,000 00
Rev. F. R. Symmes. Tennent, 2 ,0 0 0 ....................... 104

Mandan School District (P. O. Mandan), Norton County,
No. D ak.— B o n d E l e c t i o n . — An election will be held in this
district June 15 to vote on the question of issuing $15,000
20-year funding and building bonds at not exceeding 7 %
interest.
Marble Cliff Special School District (P. O. Marble Cliff),
Franklin County, Ohio.— B o n d S a l e .— The $5,000 5 % 1-20year (serial) coupon school-building bonds described in V.
88, p. 1387, were purchased on June 4 by the New First
National Bank of Columbus at 101.11 and accrued interest—
a basis of about 4 .8 6 4 % .
Mechanicville, Saratoga County, N . Y. — B o n d O f f e r i n g .—
Proposals will be received until 8 p. m . June 21 by John H .
Hunt, Village Clerk, for $12,000 water bonds at not exceeding
5 % interest.
A u t h o r i t y S e c t i o n 128 o f C h a p t e r 64 o f C o n s o li d a t e d L a w s .
D e n o m in a ­
t io n $ 1 ,0 0 0 .
D a te J u ly 1 1909.
I n t e r e s t a n n u a l ly a t t h e o f f i c e o f t h e
V i ll a g e T r e a s u r e r .
M a t u r i t y $ 1 ,0 0 0 y e a r ly o n J u l y 1 f r o m 1 9 1 0 t o 1921
I n c lu s iv e .
C e r t ifie d c h e c k f o r 5 % o f t h e b o n d s , p a y a b l e t o C r o m e r I l o l f m a n , V illa g e T r e a s u r e r , Is r e q u i r e d .
D e li v e r y J u ly l 1 9 0 9 .
O fficia l a d v e r ­
t is e m e n t s t a t e s t ii a t t h is v illa g e h a s n e v e r d e f a u l t e d o n a n y b o n d s o r I n t e r ­
e s t , n o b o n d s h a v e e v e r b e e n c o n t e s t e d , a n d n o c o n t e s t Is p e n d in g a t t h e
p r e s e n t t im e , n o r Is a n y c o n t e s t t h r e a t e n e d .

1513

Minnesota.—B o n d s

P u rch a sed

by

S ta te

P erm a n en t

T ru st

The following 4 % bonds aggregating
$92,270 were purchased during May by the State Permanent
Trust Funds at par:

Funds

d u r in g

M a y .—

Becker County District No. 1 .— $10,000 bonds dated May 21 1909:
Beltrami County District No. 102.— $500 bonds dated May 21 1909.
Beltrami County District No. 112.— $15,000 bonds dated May 27 1909.
Crow Wing County Ditch No. u . — $11,600 bonds dated May 27 1909.
Fertile, Polk County.— $7,000 bonds dated May 27 1909.
Kanabec County District No. 51.— $1,000 bonds dated May 13 1909.
Kittson County District No. 81.— $500 bonds dated May 13 1909.
Meeker County District No. 9.— $7,500 bonds dated May 13 1909.
Mlllclacs District No. 27.— $1,200 bonds dated May 13 1909.
Morrison Districts Nos. 27 and 62.— $9,500 bonds dated May 13 1909.
Norman County Ditch No. 33.— $15,900 bonds dated May 13 1909.
.St. Louis County District No. 56.-51 ,000 bonds dated May 13 1909.
.Stearns County Ditch No. 25.— $2,124 bonds dated May 13 1909.
Stearns County Ditch No. 28.— $8,446 bonds dated May 13 1909.
Swift County District No. 94.— $1,000 bonds dated May 21 1909.

The above bonds mature “ in 1914 and after.”

Montebello High-School District, Los Angeles County,
Cal. B o n d S a l e . — The American Savings Bank, it is stated,
has been awarded the $35,000 bonds offered on June 1 and
mentioned in V . 88, p. 1270.

Montgomery, Lesueur County, Minn— B o n d

O ffe r in g —

Proposals will be received until 8 p . m. June 15 by the
City Council, A . S. Olson, City Recorder, for $8,500 5 %
coupon general fund bonds.
Denomination $1,000. Date June 15 1909. Interest annually at the
office of the City Treasurer. Maturity $500 on July 3 1910 anil $1,000
yearly on July 3 from 1911 to 1918 Inclusive. Bids must be unconditional
and accompanied by a certified check on a State or national bank for an
amount equal to the full amount of bid, payable to the “ City of Mont­
gomery.” Bonds will be ready for delivery on date of sale.

Montrose County (P. O. Montrose), Colo.— B o n d S a l e .—
On May 5 William E . Sweet & Co. of Denver purchased
$27,000 school and $13,000 refunding 5 % 20-40-year (op­
tional) bonds dated June 1 1909. Interest semi-annual.
Mt. Healthy, Hamilton County, Ohio.— B o n d S a l e . — The
$30,000 4 % 25-vear water-works bonds described in V . 88,
p. 1387, were sold on June 4 to the Atlas National Bank of
Cincinnati at 101.633— and accrued interest— a basis of
about 3 .8 9 8 % . A list of the bids received follows:
Atlas Nat. Bank, Cln___ $30,490 001Provident Savings Bank &
Well, Roth & Co., Cln
30,271 35
Trust Co., Cln________$30,150 00
Scasongood & Mayer, Cln. 30,201 001W. R . Todd & Co., Cln
30,125 00

Mount Washington School District (P. O. Mount Wash­
ington), Jackson County, Mo.— B o n d s V o t e d . — At a special
election held June 5 a majority of the voters were in favor
of the issuance of $18,000 bonds for new school buildings.

Mullin School District (P. O. Mullin), Mills County, Texas.
V o t e d . — It is reported that the voters have author­
ized the issuance of $12,000 school bonds.

— B onds

Murphy School District No. 1 (P. O. M urphy), Cherokee

Mercer County (P. O. Mercer), P a.— B o n d S a l e . — On June 1 County, N. C.— B o n d s V o t e d . — This district, it is stated, has
$360,000 4 % Court-house-building bonds were awarded to voted to issue $10,000 school-building bonds.
Hayden, Miller & Co. of Cleveland at 100.89.
Napoleon, Ohio.— B o n d S a l e . — On June 7 the $20,000
Middleport, Meigs County, Ohio.— B o n d S a l e . — The 4 x/l %
coupon refunding water-works and electric-light
Davies-Bertram Co. of Cincinnati has been awarded, it is bonds described in V . 88, p. 1456, were awarded to the
stated, $23,800 street and $4,500 sewer bonds of this village. Provident Savings Bank & Trust Co. of Cincinnati at 102.01
Middlesex County (P. O. Cambridge), M ass.— T e m p o r a r y and accrued interest. Following are the bids:
Provident Sav. Bank &
Weil, Roth & Co., Cin­
L o a n . — This county, it is stated, has awarded a temporary
Trust Co., Cincinnati. .$20,402 00
cinnati-. - ___________ $20,261 00
loan of $100,000, due Nov. 10, to the First National Bank Cleveland Trust Co.. Olev. 20,390 40 Napoleon
State Bk., Nap. 20,236 00
Davies-Bertram Co., Cln. 20,355 00 W. R. Todd & Co., Cin. _ 20,235 00
of Boston at a 2 .9 5 % discount.
New First Nat. B., Columb.20,315 00 Alb. Kleybolte & Co., N.Y.20,180 00
Middletown, Conn.— B o n d O f f e r i n g . — Proposals will be Otis & Hough, Cleveland. 20,303 00 S. A. Kean, Chicago____ 20,101 30
Maturity 51,000 each six months from May 1 1010 to Nov. 1 1919 In­
received until Aug. 1 by Stephen B. Davis, Town Treasurer, clusive.
for $340,000 3 3 ^ % 20-year bonds. Bonds are exempt from
Natchez, Adams County, M iss. — B o n d s D e f e a t e d . — The
taxation.
question of issuing $47,500 refunding bonds failed to carry
Miles City School District No. 1 (P. O. Miles City), Custer at the election held June 1. V . 88, p. 1387.
County, M ont.— B o n d S a l e . — On June 1 the $30,000 coupon
Newberry School D istrict (P. O. N ewberry), Newberry
school-house bonds described in V. 88, p. 1332, were awarded
County, So. Caro.— B o n d O f f e r i n g . — Proposals will be re­
to A . B . Leach & Co. of Chicago at par and accrued interest
for 4 ^ 8 .
Purchasers to furnish the bonds. Following is a ceived for the $40,000 4 ^ % 40-year coupon school-building
bonds voted on March 24 (V. 88, p. 1155). Interest semi­
list of the bids received:
annual. M. L . Spearman is Chairman.
A . B . L e a c h & C o . , C h i c a g o .— P a r a n il a c c r u e d I n t e r e s t f o r 4 E s ; a ls o
fu r n is h b o n d s .
New Hampshire (State of).— B o n d O f f e r i n g . — Proposals
C o f fin & C r a w fo r d , C h i c a g o . — $ 3 0 ,2 2 5 fo r 4 ^ s .
N o c e r t if i e d c h e c k
will be received until 9:30 a. m. June 16 by Solon A . Carter,
e n clo s e d .
T h o s . J . B o l g c r C o . , C h i c a g o .— $ 3 1 ,2 0 5 a n d a c c r u e d I n t e r e s t f o r 5 s.
State Treasurer (P. O. Concord), for $85,000 20-year New
S e c u r it y S a v i n g s B a n k & T r u s t C o . , T o l e d o . — $ 3 1 ,0 7 5 a n d a c c r u e d In ­
Hampshire State Hospital and $50,000 10-year New Hamp­
t e r e s t f o r 5s.
S . A . K e a n , C h i c a g o .— $ 3 0 ,6 7 5 f o r 5s; a ls o fu r n is h b o n d s .
shire State Sanatorium 3 j ^ % coupon bonds.

F a r s o n , S o n & C o . , C h i c a g o .— $ 3 0 ,3 0 7 .5 0 a n d a c c r u e d I n te r e s t f o r 5 s.
C a p it o l N a t io n a l B a n k , S t . P a u l .— $ 3 0 ,3 0 0 fo r 5s.
A . J . H o o d & C o . , D e t r o i t . — P a r a n d a c c r u e d I n t e r e s t f o r 5s: a ls o fu r n is h
bon ds.
N o c e r t ifi e d c h e c k e n c l o s e d .
J o h n N u v c c n & C o . , C h i c a g o .— $ 3 0 ,0 0 0 f o r 5 s .
N o c e r t ifi e d c h e c k e n ­
clo s e d .
B id s f o r 5s w e r e a ls o r e c e iv e d f r o m W e l l, R o t h & C o . o f C in c in n a t i a n d
C h a s . H . C o f fin o f C h i c a g o .
M a t u r i t y $ 1 0 ,0 0 0 o n S e p t . 1 In e a c h o f t h e
y e a r s 1 9 1 9 , 1924 a n d 1 9 2 9 .

Milton (P. O. Boston), M ass.— T e m p o r a r y L o a n . — W e
are informed that the loan of $25,000 recently negotiated by
this town (V . 88, p. 1456), was obtained from Bond & Good­
win of New York City at 3 .0 4 % discount. Loan is due
Dec. 6 1909.
Minneapolis, Minn.— B o n d O f f e r i n g . — Proposals will be
received until 2 p. m. July 1 by the W ays and Means Com­
mittee of the City Council at the office of Dan. C. Brown,
City Comptroller, for the following 4 % bonds: $200,000
for parks, $100,000 for the
permanent improvement
revolving fund and $460,000 for schools.
T h e b o n d s a r e d a t e d J u ly 1 1 9 0 9 a n d m a t u r e J u l y 1 1 9 3 9 .
In te re st
s e m i -a n n u a l .
C e r t ifie d c h e c k f o r 2 % o f b o n d s b i d f o r , p a y a b le t o C . A .
B l o o m q u l s t , C i t y T r e a s u r e r , Is r e q u ir e d .

T h e o f fi c i a l n o tic e o f th is b o n d o f fe r i n g w ill be f o u n d a m o n g
th e a d v e r tis e m e n ts elsew h er e i n th is D e p a r t m e n t .




Authority Act of Legislature approved April 9 1909. Denomination
$1,000. Date July 1 1009. Interest semi-annually at the National
Shawmut Bank In Boston, Mass. Bids to be made for each Issue of bonds
separately. Bonds will be delivered July 1 1909 and will be registered, If
so desired, In multiples of $ 1,0 0 0 , according to date of maturity.

Newkirk, K ay County, Okla.— B o n d s V o t e d . — At a recent
election this place, according*to reports, voted in favor of
issuing $35,000 sewer-improvement bonds.
.
Newport, R . I . — T e m p o r a r y L o a n . — This city on June 10
borrowed $60,000 from the Aquidneck National Bank of
Newport at 2 .9 2 % discount. The loan is dated June 14 1909
and matures Sept. 3 1909.
New Rochelle, N. Y . — B o n d O f f e r i n g . — Proposals will be
received until 8 p. m. June 15 by William G. Ilainsford, City
Clerk, for the following 5 % registered relief bonds:
$61,000 Series “ A” bonds. Maturity $6,000 yearly on May 1 from 1910
to 1918 Inclusive and $7,000 on May 1 1919.
25,000 Series “ B” bonds. Maturity 56,000 on May 1 In each of the years
. 1916, 1917 and 1918 and $7,000 on May 1 1919.
^Denomination $1,000. Date June 1 1909. Interest May 1 and Nov. 1
at the City Treasurer’s office, and, at the option of the purchaser,.willbe
paid In New York exchange. Bid to be made on printed form furnished
by the City Clerk and be accompanied by an unconditional certified check
on an Incorporated bank or trust company In New York State for 5% of
bonds bid for, made payable to the City Treasurer. Purchaser to pay ac­
crued Interest. Delivery July 1 1909. The legality of these bonds wll
be approved by Delalleld & Longfellow of New York City, a copy of whose
oplnloniwllUbe.delivered to purchaser.
_.
. »

THE CH RO N ICLE

1514

New York C ity. — B o n d S a l e .— At the offering by this city
on June 8 of the five issues of 4 % gold registered or coupon
stock or bonds, aggregating 840,000,000, and described in
the “ Chronicle” of May 29, 186 bids were submitted (152 of
which were successful) for an aggregate of 868,817,330. The
83 8.00 0. 000 corporate stock due in 1959 was disposed of at
an average price of 100.71— a basis of about 3 .9 6 % , while the
82.000 . 000 assessment bonds due in 1919 were disposed of
at an average price of 100.14— a basis of about 3 .9 8 % . On
March 2 last the city sold 810,000,000 4 % 50-year corporate
stock at an average price of 101.57— a basis of 3 .9 3 % . Be­
low we give a complete list of the awards for last Tuesday's
offering:
$ 3 8 ,0 0 0 ,0 0 0 c o r p o r a te s t o c k due 1959.

M. P. Levy.
Daniel Huber........... $15,000.-103
Benj B. Woos..........
100..102.90
100 . .102.50
Samuel Lustlg..........
/ 2 .000 . .102.40 Joseph L. ButtenDr. W. A. Bedell___
)3,000. .102
welser . .
10 ,000 . . 102.20
Independent Order!. 60,000. .102
Geo. Rosenthal........
of Brlth AbrahamJ
Louis Davoust.
1 ,000 . .102
Lester A. Colby, for\
Herbert E. Colby./
1,000 . .102
Albert H. Garvin----6 ,000 . .100.50
John Rlexlnger----10 ,000 . .101.89 Franklin I.. Par10 ,000 . .101.76
trldge .
10 ,000 . .101.26
Joseph E. Marx----10 ,000 . .101.13
10 ,000 . . 101.01
123.000. .101.91
120,000 . .101.81
3,000. .101.75
Geo. S. Sands........250. .101.75
Harry Horn----------4,000. .101.75 Frank B. Cahn A
B. I. Dadson..........1,000 . .101.75
Josephine Rulffs----Co., Baltimore__
Uriah Herman.Treas. 1
Beth Israel IIos-/ 10 ,000 . .101.65
pltal Fund..........J
5,000. .101.65
J
1
5,000. .101.55
II. J Prince............ j5,000. .101.45 Long Island Loan a )
5,000. .101.35
J
Trust Co., Bklyn. (•
J
6 .000.
.101.625
Edward A. Magee__
5.000.
. 101.50
First Nat. Bank, \
20.000.
.101.40
Manchester, N.H. (
5.000.
.101.375
20.000.
-101.35
20.000.
.101.30
20.000.
.101.25
5.000.
.101.25
5.000.
.101.125
Goldman, Sachs A j2.000.
.101.125
Co., New York.
Citizens’ Central Na­
20 .000 . . 101.20
tional Bk.. N. Y ..
20 ,000 . . 101.10
20 ,000.-101
2 .000 .
.101Chas. K ing...........
5.000.
. 101Hartshorne, Bogertl
20.000.
.100.90 A Battelle, N. Y_J
20 .000 .
. 100.80
Krause Bros. & Co., 1
5.000.
-100.75
2.000.
.100.75New York........... J
Clarence R. West----20.000.
. 100.70
5.000.
.100.50
2 .000 .
.100.50
1.000.
-101.625
Mary M. McKelvcy.
W. N. Color A Co.,|
10 .000 .
.101.56
10.000.
.101.46New York........... !■I
10 000.. 101.36
First Nat. Bank,
Earlvllle, N. Y ...
.101.26
10 .000 .
10.000..101.16
10.000..101.06
10.000.
-100.96
10 . 000 .
- 100.86
10 .000 .
. 100.76
Hanover Nat. Bank,
10 .000 .
. 100.66New York______
Anton Horn.
20.. 101.55
10.000.
.101.53
10.000.
. 101.39
Crocker A Fisher, | 10.000.
.101.27
Boston, Mass-----}
20.000.
.101.03
26.000.
. 100.S77
Sternbcrger, Sinn A
25.000.
. 100.77
Co., Baltimore__
5.000.
.101.51
5.000.
.101.37
The Brighton Ger-|
man Bank Co.,/
10.000.
. 101.27
10.000.
. 101.17
Cincinnati, Ohlo..J
23.000.
.101.50
A. Sartorlus, N. Y —
.101 50
Empire Trust Co.,\ 100.000.
Thos. E. H. Curtis./
New York---------- f 100 000 ..101

Sellgman Bros.,
L ondon.... ........

30.000.
-101.50
160.500.. 101.25
655.000. . 101
75.000.
. 100.88
143.000.
. 100.75
163.000.
-100.63
Rube R. Fogel.
127.000.
.100.50

5.000 .
.101.50
5.000.
.101.25
5.000.
.101.125
5.000.
.100.875
10 .000.
. 100.75
-101.50
Trust Co. of Amer-\ 505.000.
Mabon A Co.. N. Y
lea. New York.. /
10 .000 .
.101.50
23.000.
.101.261
100 .000 .
.101.261
Edward Earl.
20.000.
. 101.25
150.000. .101.131
Bank, 1
Guaranty Trust Co., 200,060. . 101.011 Mechanics
Brooklyn_______
250.000.
-101
New Y ork..........
Walter E. Bellows__
300.000.
. 100.881
200.000.
. 100.761
200.000.
.100.031
200.000. .100.500 Arthur Upper A Co.,
New Y ork.........
1.000 .
. 101.50
John A. Fitzsimmons
. 101.50
Cambridge Trust Co./ 25.000.
)
Chester, Pa......... /
I
1.500..
101.50
Henry Rackebrandt.
J
25.000.
. 101.50
Myron S. Falk..........
25.000.
-101.25
Otis A Hough
25.000.
. 101
Cleveland, Ohio
75.000.
.100.875
100.000.
. 100.75Halle A Stlegllta,
New York...........
2 .000 . . 101.50
\
N. H. Herman.. . . /
5.000.
.101.375
J
5.000.
.101.25
2.000.
. 101.45
2.000.
.101.42
The Royal Bank of
3.000.
.101.38
Lasker & BernrtGn. )
Canada...... ........
3.000.
-101.25
3.000.
.101.13
3.000.
. 101
10.000.
-100.50
Harris, Wlnthrop A
Co., tor U. J.
Schoenau ______

"I




Simons A Emanuel. /
Percy G. Crocker___
Gilbert Eliott A Co.,\
New York--------- /
Foster A Lounsbury, /
New Y ork..........|
J
S. Kuhn A Sons.Cln. !

15.000.
.101.50
15.000.
.101.25
20 .000 .
-101
10.000.
.101.39
10.000.
.101.14Werner Bros. A
10.000.
.100.89 Goldschmidt, New •
10 .000 .
. 100.64 York . . _____
14,000.. 101.375

[V O L . L X X X V I I I
25.000. .101.07
.
25.000. .100.97
25.000. .100.87
25.000. .100.77
50.000. .100.67
.
50.000. .100.57
.
50.000. .100.47
.
5.000. .101.07.
5.000. .101.07.
5.000. .101.03
.
100 ,000 .. .101.04
100 .000 . ..100.78
200 ,000 .. .100.53
12 ,000 .. .100.51
6 .000 . .100.50
.
50.000. .101.03
.
50.000. .100.88
.
50.000. .100.73
50.000. .100.58
.
50.000. .100.43
.
25.000. .101.033
25.000. .100 894
25.000. .100.771
25.000. .100.64
25.000. .100.528
50.000. .100.461
50.000. .100.402
50.000. .101.03
50.000. .100.87
50.000. .100.83

5 .0 0 0 .
. 101.375
1 5 .0 0 0 .
.1 0 1 .3 7
1 5 .0 0 0 .
.1 0 1 .2 7
F. S. Smlthers A •
1 5 .0 0 0 .
.1 0 1 .1 7
100,000 .100.76
Co., New York__
1 5 .0 0 0 .
-1 0 1 .0 7
50.000. .100.64
.
1 5 .0 0 0 .
.1 0 0 .9 7
25.000. .101.03
.
1 5 .0 0 0 .
. 100.87
25.000. . 100.88
.
5 .0 0 0 .
-1 0 0 .7 7
25.000. .100.78
.
A Co_______
5 .0 0 0 .
.1 0 0 .6Stout
7
25.000. . 100.68
.
5 .0 0 0 .
.1 0 0 .5 7
50.000. .100.58
5 .0 0 0 .
.1 0 0 .1 7
50.000. .100.48
.
5 .0 0 0 . .10 1 .3 1
50.000. .101.025
Trust Co.
5 .0 0 0 .
.1 0 1 .2Fidelity
1
10
.
000
.
.
101.02
5 .0 0 0 .
.1 0 1 . 11
11),1)00 . .190.97
5 .0 0 0 .
.10 1 .0 1
Itallan-Amcr. Trust | 10,000 . . 100.86
5 .0 0 0 .
-1 0 0.9 1
Co.,
New
York..
}
10
,000 . .100 76
5 .0 0 0 .
. 100.81
10 ,000 . .100.63
1 0 .0 0 0 .
. 100.71
25.000. .100.42
.
1 0 .0 0 0 .
. 100.61
Rose IIeym an.___
11 .000 . .101 02
1 0 .0 0 0 .
.1 0 0 .5 1
Wm. E. Lauer A Co.
50.000. .101.02
1 0 .0 0 0 .
. 100.41

25.000. .101.019
25.000. .100.889
50.000. .100.769
A Co.,N Y ! 50.000. .100.639
50.000. .100.539
100 ,000 . .100.513
200 ,000 . .100 413
500.000. . 101.012
4 0 .0 0 0 .
.1 0 1 .2 5Ladenburg, Thal000 ,000 . .100.781
4 0 .0 0 0 .
.1 0 1 .1 5 mann A Co. and
,000 ,000 . .100.631
4 0 .0 0 0 .
.1 0 1 .0 5William Salomon A
000 ,000 . .100.581
4 0 .0 0 0 .
. 100.95 Co., New York...
000 .000 . .100.531
4 0 .0 0 0 .
.1 0 0 .8 5
000 .000 . .100.441
4 0 .0 0 0 .
.1 0 0 .7 5
750.000.
.
. 101,01
4 0 .0 0 0 .
. 100.65
4 0 .0 0 0 .
. 100.55J. A W. Sellgman A / 750.000. .100.77
Co.,
New
York__
I
1
,
000
,
000
.
.100.56
4 0 .0 0 0 .
. 100.45
561,130. .100.40
1 5 .0 0 0 .
-1 0 1 .2 5
20 .000 . .101.007
5 0 .0 0 0 .
.1 0 1 .25Robt.D.GhrlskeyACo.
Thomas
Dwyer.........
20 ,000 . .101
5 0 .0 0 0 .
.10 1
P. J. Doyle........... .
2 ,000 . .101
1 5 .0 0 0 .
. 1 0 1 .25
10 ,000 . .101
1 5 .0 0 0 .
. 101 125
Jos. M. Harris____ J 10 ,000 . .100.875
5 .0 0 0 .
-1 0 1 .2Susan
5
15,000. .101
Devin.............
2 5 .0 0 0 .
.1 0 1 .2 3John
8
7.000. .101
J. Gartland___
2 5 .0 0 0 .
-1 0 1 .1 3Latham,
7
5.000. .101
Alexander!
2 5 .0 0 0 .
-1 0 1 .0 4 6 A Co., New York. J
2 5 .0 0 0 .
-1 0 0.9 31
10 , 000 . .101
5 0 .0 0 0 .
.1 0 0 .7 7 8
10 , 000 . . 100.93
5 0 .0 0 0 .
-1 0 0 .6 7 6
10,009. .100.875
7 5 .0 0 0 .
.1 0 0 .5 5 3
25.000 .100.825
7 5 .0 0 0 .
.1 0 0 .4 1 8
25.000. .100.75
Coal A Iron Nat’l.
1 0 .0 0 0 .
-1 0 1.1 91 Bank, New York }
25.000 .100.67
1 0 .0 0 0 .
.1 0 1 .001
25.000. .100.02
1 5 0 .0 0 0 .
. 100.833
25.000 .100.56
150.0 0 0 .
. 100.763
25.000. .100.50
150.0 0 0 .
.1 0 0 .6 5 3
25.000 -100.43
2 5 0 .0 0 0 .
-1 0 0 .5 3 3Isabel R. Harding..
10.000 .101
2 5 0 .0 0 0 .
.1 0 0 .4 3 3
25.000 .101
25.000 .100.80
Nassau Trust Co.,
1 0 .0 0 0 ..1 0 1 .1 8
25.000 ..0 0 .6 5
5 .0 0 0 .
.1 0 1 .0 8 New York...........
J 25.000 .100.50
5 .0 0 0 . -1 0 1 .0 3
Dr Sara Welt Kakels
4.000 .101
1 0 .0 0 0 ..1 0 1
5.000 .101
5 0 .0 0 0 .
.1 0 0 .6 3National City Bank!
10.000 .100,875
5 0 .0 0 0 .
-1 0 0 .5 6 of N. Y., for Ny-/
10,000 .100.75
5 0 .0 0 0 .
. 100 .51 ack Nat Bank__ J
5 0 .0 0 0 .
.1 0 0 .4 1
5.000 .101
.100.92
50.000
5 .0 0 0 .
.1 0 1 .1 5
50.000 .100.82
5 .0 0 0 .
.1 0 1 .0 5
100.000 _ 100.72
Bros. A Co.,
5 .0 0 0 .
.1 0 0 .9Blake
0
200,000 .100.03
5 .0 0 0 .
.1 0 0 .8 0 Boston____ ____
100 ,000 . .100.56
5 0 .0 0 0 . .1 0 1 .3 1
1 0 0 ,0 0 0 ..1 0 1 .2 6
1 0 0 .0 0 0 .
-1 0 1 .1 7 Rhoades
1 0 0 .0 0 0 .
.1 0 0 .9 6
1 2 .0 0 0 .
. 1 0 1 .25
1 0 .0 0 0 .
.1 0 1 .2 5

1 0 .0 0 0 .
.1 0 1 .1 4
10.000 .101
1
1 0 .0 0 0 .
-1 0 1 .0 7
10 .000 . .100 875
1 0 .0 0 0 .
. 101.03
10,000 .100.75
1 0 .0 0 0 .
-1 0 0 .9 8Chase National Bk.,|
10,000 .100.025
1 0 .0 0 0 .
.1 0 0 .9 0 New Y o r k ..___ (■
10,000 .100 50
1 0 .0 0 0 .
. 100.80
200.000 .100.88
1 0 .0 0 0 .
.1 0 0 .7 0
1 0 .0 0 0 .
-1 0 0 .6 0
50.000 .101
1 0 .0 0 0 .
.10 0 .5 1
100,000 .t 0 0 .50
3 .7 0 0 ..
100.40
10.000 . 101.01
10,000 .100.88
5 .0 0 0 . .1 0 1 . 125 Aslel A Co., N. Y_.
20,000 . 100.70
5 .0 0 0 .
.10 1
.100.63
|
30,000
5 .0 0 0 .
.1 0 0 .8 7 5
J 30,000 .100.51
5 .0 0 0 .
.1 0 0 .7 5
6 .0 0 0 .
-1 0 0 .6Spencer
9
Trask A Co.,)
5,000 .101
5 .0 0 0 .
. 100.625New York______ /
5 .0 0 0 .
.1 0 0 .50
Townsend, Scott A\ 10,000 ..1 0 1
2 5 .0 0 0 .
. 1 0 1 . 125
2 5 .0 0 0 .
. 100.875 Son, Baltimore__ J
Walter
Morrow_____
20,000. .101
1 0 0 .0 0 0 .
.1 0 1 . 125
.101

Palisades Trust A\
Gimranty Co......../
1,000 . .101.108
1
15.000.
.101.10
15.000.
-101.01
15.000.
.100.91H. H. Walker A Co.
15.000.
.100.81
15.000.
.100.71
25.000..100.61
25,000..100.51
25,000..100.41
Parkinson A Burr. 1
25,000..101.10
New York........... I
50.000.
.101.10
50.000.
. 101.05
50.000.
. 100.89Flatbush Trust Co,.l
60.000.
. 100.80 Brooklyn........... J
25.000.
.100.75
200 .000 .
.100.50
50.000.
. 101.07Eyer A Co., N Y .._|
50.000.
.101.01
50.000.
. 100.97
60.000.
. 100.93
Cumlngs A Marckwald
100 .000 .
. 100.88
1
100,000..100.82
Henry H. Tompklnsj200.000.
. 100.76
200.000.
.100.71

50,000.

10 ,000 . .1 0 0 .9 7
10 ,000 . .1 0 0 .8 7
10 ,000 . .1 0 0 .7 7
10 ,000 . .1 0 0 .6 7
10 ,000 . .1 0 0 .5 7

30,000. .1 0 0 .9 6 1
20 ,000 . .1 0 0 .9 1 1
20 ,000 . .1 0 0 .8 3 1
20 ,000 . .1 0 0 .7 8 1
10 ,000 . .1 0 0 .6 6 1
50,000. .1 0 0 .9 3
10 ,000 . .1 0 0 .9 1
10 ,000 . .1 0 0 .8 1
20 ,000 . .1 0 0 .7 1
20 ,000 . .1 0 0 .6 1

100 ,000 . . 100.88
Kissel, Klnnlcutt A| 100 ,000 . .100.78
Co., New York.. } 200 ,000 . . 100.68
200 ,000 . .109.58
200 ,000 . .100.48
10 ,000 . .100.875
10 ,000 . 100.8125
10 ,000 . .100.80
II D. McGrane.
10 ,000 . .100.77
10 ,000 . .100.76
50.000. _100 S75
Warner A Co.
50.000. .100.75
50.000. .100 625
50.000. .100.50
,000 ,000 . .100.83
11 ,000 ,000 . .100.73
Kuhn, Loeb A Co., / I ,500,000. .100.63
New York______ j 1,500,000­ .100.53
,500,000­ .100.43
25,000. .100.82
Ferris A White, New
25.000. .100.71
York...................
25.000. .100.60
J 25.000. .100.49
Andre Jacobi A Co. . .
50.000. .100.813
Arnold L. Oppenhelm 15.000. .100.80
50.000. .100.77
Dominick A Doml-j 100,000 . .100.67
nick, New York..J 150.000. .100.53
Fred C. Marltz_____
25.000. .100.77
2 ,0 0 0 . .100.76
2 ,000 . .100.71
Emile de Planque, f
2 ,000 . .100.61
2 ,000 . .100.51
New York........... I
2 .000 . .100.41
10 .000 . .100.76
10 ,000 . .100 71
Otto Blllo.
10 ,000 . . 100.61
10 ,000 . .100 51
25.000. .100.76
10 .000 . .100.75
Kecch. I.oew A Co.,
10 .000 . .100.625
New York..........
25.000. .100.51
10 .000 . .100.50
5.000. .100.75
Farmers’ Nat. Bk../
5.000. .100.50
Allentown, N. J --/
100
.000 . .100.75
Leo J. Lehman_____
Clt. Tr. Co., Bklyn.. l'OO.OOO. . 100.75
Farson, Son A Co.,) 100 ,000 . .100.75
New York............ J 100,000 . .100.625
Chas. T. Jaeger____
10 ,000 . .100.75
5.000. .100.75
Seneca D. Eldredge 1
5.000. .100.62
5.000. .100 49
I
Nat. Park Bk., N Y
10 ,000 . .100.75
J. D. Smith A Co__
15.000. .100.75
D. C. Warren........J 20 .000 . .100.75
) 25.000. .100 50
Morton Trust Co.,1 500.000. .100.75
New York.......... j 500.000. .100.50
100,000 . .100.72
O'Connor A Kahler,
100.000 . .100.63
New York...........
100 ,000 . .100.57
100 ,000 . .100.50
5.000. .100.71
5.000. .100.685
5.000. .100.60
5.000. .100.635
5.000. .100.61
5.000. .100.585
C Martin.............
5.000. . 100.66
5.000. . 100.535
5.000. .100.51
5.000. .100,46
5.000. .100.45
25.000. .100.71
Adams A Co.
25.000. .100.61
25.000. .100.51
25.000. .100.41
E. W. Watkins, N.Y. 50.000. .100.70
100 ,000 . .100.697
Chemical Nat. Bank,} 100,000 . .100.597
New York______ J 100,000 . .100.497
Herzfeld A Stern.) 50.000. .100.683
New York______ J
Bank for Savs.,N Y .l
.100.65
Simon Borg A Co.,)
.100.63
.100.51
New York______ J
100.6266
Millet,Roe A Hagen,)
New York......... . /
100.4266
Tltomas Denny A)
.100 625
Co , Now York__ J

Hess A Hess.

Bankers’ Trust Co.,
New York...........
Moffat A White,
New York...........
J. S Bnchc A Co.,
New York...........
Farson, Son A Co.,1
and
t
Coffin A Co., Chlc._J

100.519
100.496
100.55
100.53
100.45

Schafer Bros., N.Y.}
J

BenJ. F Kraft, Ex-1
editor Estate of/
5 ,0 0 0 ..1 0 0 .5 1
Charlotte Grenlevcj
Mackay A Co., Newl 100,000 . .1 0 0 51
York.................. / 100,000 . .1 0 0 .4 1
Sherman Nat. Bank,)
New Y ork ......... J
5 0 .0 0 0 . .1 0 0 .5 0
20 .0 0 0 . .1 0 0 .5 0
Max Mayer_______J
4 ,0 0 0 . .1 0 0 .4 0
Blodget. Merritt A Co 100 ,000 . .1 0 0 .4 3
Dudley S. Harde...
18,700. .1 0 0 .4 0
Total ........... *38,000,000
$2,000,000 assessment bonds due 1919

Max Levy.. _____
Margaret A.MeCoy..

$60.. 103

2 00 ..102
5 ,0 00 ..101

_
2,000.-100.26
15,000. .1 0 0 .5 1 Guaranty Tr. Co.,/
New York...........11,984,740.-100.132
400.000. .1 0 0 .8 9 9
3,000 ..100.501
100 .0 0 0 . . 100.88 John Garland..........
6.000.-100.50
100 ,000 . .1 0 0 76 Patrick Mulvlhlll___
___________
afl 3 '
100 ,000 . .1 0 0 .0 3
Total _______ * 2 .000.000
fid
100 ,000 . .1 0 0 .5 1
1

J u n e 1 2 1 9 0 9 .1

THE CH RON ICLE

In addition to the above the following bids were also sub
mitted. Where the name of a bidder already appears among
the foregoing successful ones, we give only that portion of the
offer which was not successful:
Farson, Son A Co.,1*4,500,000.-100.117 Blodget, Merritt A! 400,000
New York........... /
to 100.387
Co., New York . . / 100.16 to 100.36
Citizens’ Central Na-1 *20,000..100.60 Goldman, Sachs A
40,000.. 100.35
tlonal Bank, N. Y . ) 20.000.
. 100.50Co., New York___
Jas. R. Magoffin___ 100,000.. 100.25
2.000.
. 100.25
J
40,000
6.300.. 100.40 Judson A Co............. 100.01
to 100.11
Robert R. Fogel. . . }
20.000.
. 100.30
Bankers Trust Co.,! 500,000.. 100.34
30.000.
. 100.20
New York____ . . . / 500,000.. 100.23
Hess & Hess.............
80,000
100.125 to 100.395 Werner Bros. A Co... 100,000..100.273
1 50,000.-100.36
Mabon A Co., N. Y ..
15,000
„
100.125 to 100.375 Adams A Co_______J 50,000. .100.27
O'Connor A Kahler,
] 15.260..100.132
New York............. 100,000..100.38 Guaranty Trust Co.,! 200,000.. 100.381
Arthur Upper ACo., 1 175,000
New York.............J 200,000.. 100.261
New York--------- J 100.15 to 100.31 Hanover Nat. Bank,! 325,000.. 100.333
Edward Canfield
15,000..100.19
New York.............J 550,000. .100.233
’ ! 10,000..100.125 Rhoades A Co., N. Y.1,700,000
100.163 to 100.313
Ladenburg .Thai man]
A Co. and Wm.H.000,000.. 100.281 Millet, Roe A Hagan. 100,000.100.2166
Mackay A Co., N. Y . 300,000
Salomon ACo.,NY. J
100.13 to 100.37
_ „
1
31,000..100.40 Chas. Garvey...........
10,000..100.125
Dudley S. Harde...] 250,000
Llonello Perera A Co. 100,000
_ „ „
J 100.05 to 100.35
100.112
to 100.295
F. F. Finch............... 100,000
Aslel A Co., N. Y ..1 200,000.. 100.39
100.10 to 100.18
J 200,000.-100.27
Simon Borg A Co.,1 250,000.. 100.38
New York............J 500,000.. 100.27 Keech, Loew A Co.,! 170,000
New York........... J 100.06 to 100.375
Moffat A White,] 600,000
Sinn A! 300,000
New York............ / 100.157 to 100.397 Sternberger,
Co.,
Baltimore.../ 100.01 to 100.32
C. Martin.................
25,000
L. Buttenwelser. 10,000..100.39
100.075 to 100.375 Jos.
Nat. Park Bk., N. Y .
10,000 100
Horace B. Dean____
100..100
Ferris A White, N.Y! 50,000.. 100.38
Coal A Iron National! 150,000
J 50,000.-100.16
Bank, New York.J100.062 to 100.37
W. R. Chester.........
5,000..100.10
Chemical Nat. Bank,! 200,000
Kissel, Klnnlcutt A! 100,000.. 100.38
New York........... J100.297 to 100.397
Co., New Y ork... 100,000.. 100.28
FranklinL.Partrldge!
5,000.-100.37
Simons A Emanuel,! 250,000
New York........... J100.17 to 100.37
I
5.000..100.27
Kuhn, Locb A Co..11,500,000..100.33 Foster A Lounsbury. 200,000..100.27
G. Wall____
10,000.-100.261
New York........... /2.000,000.. 100.23 Judson
Schafer Bros............. 120,000
,
1
6,000.. 100.40
100.17 to 100.38
Max Meyer............. )
10,000.. 100 30 HarryHerbertTomp-! 600,000
J 10,000.. 100.20
kins.....................J 100.01 to 100.38
Dollar Sav.Bk.,N.Y. 100,000..100
. Dominick A Domin­
Sellgman Bros.,Lon-1 335,500
ick, New York___ 200,000.. 100.39
d o n .................... /
100 to 100 38 Albert J. Metzel........ 10,000..100
J. A W. Sellgman A! 938,870.. 100.40 H.FIsk A Sons, N. Y .2,500,000..100.127
Co., New York__ )3,500,000
F. Marks.................
16,000.. 101.375
J 100.02 to 100.28 W.N.ColerACo. ,N. Y . 150,000.. 100.276
Frank B. CahnACo.,1 30,000
East River Savings! 400,000
Baltimore........... J 100.11 to 100.31
Bank, New Y ork./100.025 to 100.06
N.W,HalseyACo.,N.Y. 500,000.100.2666
Itallan-Amerlcan Tr. 1 25,000.. 100.38 Stout A Co............../ 130,000
Co., New Y o rk .../ 50,000.. 100.25
! 100.09 to 100.38
Merch.Nat.Bk. ,N.Y_ 500,000..100
JeromeJ.DanzIgACo . 10,000.. 100.25
Ex. Norton A Co.,1 10,000.. 100.256 Geo. Horn................
1,000..100
New York........... , 10,000.. 100.126 Fannie P. Hays____
10.000..100

Niagara School District (P. O. Niagara Falls), Niagara
County, N. Y . — B o n d O f fe r i n g P o s t p o n e d . — The offering of
$15,000 5% bonds which was to have taken place June 1
was postponed until yesterday (June 11) at 4 p. m. The
result of this offering was not known to us at the hourof|going
to press.
North Attleboro, Mass.—- T e m p o r a r y L o a n . — According to
reports, a loan of $30,000 due Dec. 1 1909 has been negotiated
with Wm. A. Read & Co. of Boston at 3% discount.
North Hempstead, Nassau County, N. Y . — B o n d O f f e r i n g .
— Proposals will be received until 3 p. m. June 17 by Mon­
roe S. Wood, Town Clerk (P. O. Manhasset), for the follow­
ing 43^% gold coupon bonds:

1515

Pleasant Ridge, Hamilton County, Ohio.— B o n d O f f e r i n g .
— Proposals will be received until 12 m. July 1 by W C*
Davies, Village Clerk, for $7,534 08 4 ^ % refunding bonds.*
Authority Section 2701 Revised Statutes
Denomination *500, exceDt
one bond for *534 08. Date May 1 1909. Interest semi-annual
Ma^ rIVrmIay i 1939’ CertIned check for 5% of bonds bid for, payable to
the Village Treasurer. Is required. Purchaser to pay accrued interest.

Pomona School District (P. O. Pomona), Cal.—Ronds
V o t e d .—

Los Angeles papers state that the $150,000 bonds
mentioned in V . 88, p. 1388 were authorized at an election
held on June 2.

Popple Grove, Mahnomen County, Minn.— B o n d

O ffe r in g .

— Proposals will be received until 2 p. m. June 19 by Charles
Anderson, Town Clerk (P. O. W aubun), for $1,000 5-year
and $2,000 10-year 6 % bonds. Interest annual. Certified
check for $25 is required.

Portland Water District (P. O. Portland), Me.— Rond
S a l e .—

Reports state that on June 11 the $2,100,000 4 %
coupon funding bonds due Dec. 1 1928 and described in V . 88
P; i>, , ' ^ ere disposed of at 100.23 to a syndicate composed
of Blake Bros. & Co., Perry, Coffin & Burr, E . H . Rollins
& Sons and A . B. Leach & Co., all of Boston.

Pottsville School District (P. O. Pottsville), Schuylkill
uounty, Pa. B o n d S a l e .— An issue of $46,000 3 M % 5-30year building bonds was disposed of on June 2 to local in­
vestors at par. Denominations $100 and $500. Date
June 1 1909. Interest semi-annual.

Reading Berks County, Pa .— B o n d S a l e .— The $200,000
4 % water-department-filtration bonds described in V 88
P;
were awarded on June 9 to Lawrence Barnum & Co!
of Philadelphia at 102.08 and accrued interest. Following
are the bids:
6
L. Barnum & Co Phlla.$204,160 00IN. W. Harris A Co N YS202
no
F °fest & Co Phlla------ 202,966 00 Pennsylvania Trust Co
’ 6 00
Lstabrook A Co., N. Y . . 202,900 00| Reading .
’ , m ««Q
Graham A Co., P h lla ... 202,850 00[N. W. Halsey A C oV n Y 201 520 on
Maturity $o0,000 on July 1 In each of the years 1914, 191 9 , i924 and 1929.

Ridgway, Pa.— B o n d S a l e .— An issue of $12,000 5 % 5-30year (optional) bonds for building a reinforced concrete
reservoir was disposed of on June 1 to Chas. C. Harrison Jr
f noC9- 0f Philadelphia for $12,242.54— the price thus being
102.021
Denomination $500. Date May 5 1909
In­
terest April 1 and Oct. 1.
Ridgewood Township School District (P. O. Ridgewood)
Bergen County, N. J .— B o n d s N o t S o l d .— N o sale was made
on June 7 of the $80,000 4 % coupon school bonds described
m V. 88, p. 1457.

Rockford Schoo1 District No. 4 (P. O. New Rockford),
Eddy County, No. Dak.— B o n d s N o t S o l d .— No bids were
received on June 1 for the $9,500 4 % 20-year coupon school
bonds described m V . 88, p. 1334.

Rocky River, Cuyahoga County, Ohio .—

Bond

S a l e .—

Hayden, Miller & Co. of Cleveland were the successful bidders
on June 4 for the $3,000 4 ^ % coupon Wooster Road im­
provement bonds described in V . 88, p. 1334. They paid
102.066 and accrued interest. A list of the proposals received
follows:
Hayden. Miller A C o., CIev.*3,062.00|First Nat. Bank, Clev
S3 nm no
New First Nat. Bank. Col. 3,051.75lotis A Hough?CleVelana/.$3 013'.to

Maturity one bond yearly on Oct. 1 from 1913 to 1918

*20.000 Shore Road Improvement bonds. Date July 1 1909. Maturity inclusive.
*1,000 yearly on July 1 from 1916 to 1935 Inclusive.
Rome, Oneida County, N. Y .— B o n d O f f e r i n g .— Proposals
10.000 Roslyn Landing Improvement bonds. Date July 1 1909. Maturlty *1,000 yearly on July 1 from 1916 to 1925 Inclusive.
will
be received until 12 m. June 17 by Albert L . MacMaster,
12.000 Maple Avenue improvement bonds. Date July 1 1909. Maturity
*1,000 yearly on July 1 from 1916 to 1927 Inclusive.
City Clerk, for $155,000 4 % registered additional water10.000 Garden Street Improvement bonds. Maturity *1,000 yearly on
supply bonds.
•
July 1 from 1925 to 1934 Inclusive.
9,000 Wood Road, Maple Street and Beach Road Improvement bonds.
Authority, Chapter 650, Laws of 1904. and Chapter 624 Laws of laoa
Maturity *1,000 yearly on July 1 from 1925 to 1933 Inclusive.
Denomination *1,000. Date July 1 1909. Interest Jan. i and July I at
Denomination *1,000. Interest January and July at the First National
the National Park Bank In New York City. Maturity twenty v e W
Bank of Mlneola. Bids are to be made for each Issue separately. Certllled check (or cash) on a New York State bank for 10% of bid, payable to Interest1" wlt lln one weck from date of sale- Purchaser to ^ay accrued
the Town Supervisor, Is required.

Oakley, Ohio.— B o n d E l e c t i o n . — An election will be held
July 1 to allow the voters to determine whether or not the
following bonds shall be issued:
*2,000 to construct sewers, $3,000 to Improve the water supply, *5,500
to Improve the streets and *2,500 to construct sidewalks.

T h e o f fi c i a l n o t ic e o f t h is b o n d o f f e r i n g w i ll b e f o u n d a m o n g
th e a d v e r t is e m e n t s els ew h er e i n t h is D e p a r t m e n t .

San Leandro School Distirct (P. O. San Leandro), Alameda
County, Cal.— B o n d s V o t e d .— An issue of $6 000 5 % 1-30
year school-building bonds was authorized by a vote of 183

Orleans County (P. O. Albion), N. Y .— B o n d s A u t h o r i z e d .
for to 13 against" at an election held May 29.
— The Board of Supervisors have authorized the County
Savannah, Ga. — B o n d E l e c t i o n .— The amount of sewer
Treasurer to sell at private sale a $22,000 4% bond issue for
bonds to be voted upon June 29 (V . 88, p. 1389) has been
road work. The issue will mature in February 1914.
reduced from $367,500 to $350,000. The securities, if
Osawatomie, Miami County, Kansas.— B o n d O f f e r i n g .— authorized, will carry 4 % interest, payable semi-annuallv.
Proposals will be received until 2 p . m. June 22 for approxim­ Denomination $500. Maturity part yearly from one to
thirty years inclusive.
ately $25,000 5% sewer-improvement bonds. Certified
Sellersville School District (P. O. Sellersville), Bucks
check for 5% is required. J. W. Allard is City Clerk.
County, P a . — B o n d S a l e .— On May 22 $15,000 4 % coupon
T h e o f fi c i a l n o t ic e o f th is b o n d o f fe r i n g w ill b e f o u n d a m o n g

th e a d v e r t is e m e n t s elsew h er e i n th is D e p a r t m e n t .

Otoe County (P. O. Nebraska City), Neb.— B o n d S a l e —
On June 8 the $00,000 4-20-year (optional) refunding bonds
described in V. 88, p. 1388, were awarded to the State
Board of Education of Nebraska at par for 4s. A bid of
$60,061 for 4>£s was also received from Bert, Clark & Co
of^Chicago. The bonds are dated July 1 1909.
Pike County (P. O. Troy), A la — Rond E l e c t i o n — The
Commissioners of this county, it is stated, have decided to
hold an election some time in July to present to the voters
the question of issuing $50,000 additional road bonds.
Pima County (P. O. Tucson), Ariz. — B o n d s N o t S o l d .—
No sale was made of $14,893 5% bonds offered on May 20.




building bonds offered on May 8 were awarded to°local in
vestors.
1
v i £ en0wi?iJH?£ f . 1 0? - Date, May 22 1909- Interest annually In SellersareCireeIfrtom tLlPatraxeysearly fr° m ° n6 t0 tWenty years ^ l u s ^
bS

snn'nonw’ S ? * Coi?n1? ’ M o -— B o n d S a l e .— This city sold
$30,000 5 % 5-20-year (optional),water-works bonds on May 17
to the Little & Hays Investment Co. of St. Louis for $30,325
T w l6 T,m»Ci ionnS
Date June 1 1909.

,101-08 3- Denomination
Interest semi-annual.

$500.

Snohomish County School District No. 21, W a s h .- B o n d s
V o t e d .—

This district on May 29 voted to issue $18,000 bonds
for the erection of a school-house at Granite Falls.
Somerville, M ass .— B o n d S a l e . — R . L. Day & Co. of
Boston offering 100.469 was the succesful bidder for the

[V O L .

THE CH RON ICLE

1516
following 3 Y i %

coupon bonds proposals for which were

L X X X V III.

the issuance of bonds to build a n addition to the present
chool-house.

The nroceeds of the Issue will be used as follows: $15,000 for the Improve­
ment of the water-works, $10,000 to equip the electric-light plant and
$5 000 for the extension sewerage-system and $20,000 for streets.
3 0 ,0 0 0 ‘ sewer-loan bonds.
Maturity $1,000 yearly on April 1 from ^Denomination $500. Date July 1 1909. Interest semi-annually at
the office of the City Treasurer. Maturity $1,000 yearly on July 1. “ ?™
40,000 ‘ lowcU\str9ce?CbrSltu[e loan bonds. Maturity $1,000 yearly on 1910 to 1914 Inclusive, $1,500 yearly on July 1 from 1915 to 1924 Inclusive
and $2 000 yearly on July 1 from 1925 to 1939 inclusive. J. T. Roberts is
April 1 from 1910 to 1949 Inclusive.
Denomination $1 000
Date April 1 1909. Interest semi-annually at Mayor and W. Coley Is Treasurer.
Wagoner County (P. O. Wagoner), Okla.— B o n d S a l e .
th ?N a X n a l Security Bank of Boston. Bonds are exempt from taxation.

tf^ n n ^ M tv-lo^ ifb on d s
Maturity on April 1 as follows: $11,000 yearly
S120' 000^
i9 io to 1911 inclusive and $1,000 yearly from 19,10 to 1929

Following is a list of the bids received:
T3 r n _,r f ,
Rnston
100.4691Estabrook & Co., Boston...100.167
B l o d ^ C r H t & Co!% n6sV.100.417 N. W . Harris & Co.. Boston.100.036
Blake Bros. & Co., Boston--100.25 1

Stephenville, Erath County, Tex.— B o n d S a l e . - -Issues of
$12,000 sewer and $5,500 street-improvement 5 % 20-40-year
(optional) bonds was awarded to the State Permanent School
Fund at par and interest.
Sullivan County (P. O. Monticello), N. Y .—

B on d , O f f e r i n g .

Pronosals will be received until 3 p. m. June 21 by A . A.
c E
County Treasurer, for $150,000 4 % coupon court^°n,SrfnmlnUIon $i?000S’ Date July 1 1909. Interest semi-annual.
S5 000 yearly on Jan. 1 from 1910 to 1939 Inclusive. A certified
“ F l f . 90/ of boncts bid for, made payable to the County Treasurer, is
eheck for 2 % « Donus^ ^ l909
Bond3 wtu be certified to as to their
«nV.hf^n'essDby the Columbia rrrust hompany of New York City. Bonded
l ^ r t h l s issue
Assessed valuation $6,443,277.

Trinn Hutchinson County, S. D.— B i d s R e je c t e d . — lh e
following bids, all of which were rejected, were received on
Tunc 7 for the $10,000 5 % 20-year coupon water-works bonds
ripsoribed in V . 88, p. 1391:
r Bolster Co., Chicago— Par and accrued Interest, less $300.
fc c h a l' H. Coffin, Chicago— $9,751.
“ p 1C- Magraw, St. Paul— Par, less $350.

Turlock Irrigation District (P. O. Ceres), Cal— B o n d s
A w a r d e d i n P a r t — B o n d O f f e r i n g .—

On June 1 $7,500 of the
«m n 000 5 % coupon canal-building bonds described in
V 88 p. 1335, were sold to E .M . Wilson at par. This was
the only bid received. Proposals for the remaining $92,500
bondsof this issue will be received until 3 p .m . July 6.
W.
S \Chase is District Secretary.
.

Underwood School District (P. O. Underwood), McLean
County,'<No. Da k— B o n d s V o t e d — By a vote of 45 to 5
at a recent election the electors of this district authorized
NEW

NEW

LOANS.

B orou gh
OF

M ARYLAND,

Treasury Department.
Annapolis, Md., May 29th, 1909.
THE STATE ROADS LOAN.

° JScrlesal"AIi'’0 oIf'th e State Roads Loan will be
dated
Interest
I« ebrudatea August
August 1,, 1908, bearthree
and front
one-half
per
retu rn ner'annum, payable semi-annually on the
.Kv of Eebruaiy and August In each and
hrst day oi i thp ortnclpal will be redeemable
a t Cthe pleasure* of ^tlhcS tateaf ter the first day of
the year 1918, and the whole debt will
hA Snavible on the first day of August, 923
Series “ B’’ ot the State Roads Loan will be dated
S^Krfnrv 1 1909, bear Interest from the said date
r , me rate’ of three and one-half per centum per
enn^m navable semi-annually on the first day
a? a ,
and February In each and every year,
of
August
ana i will be rp(ieemable
at
-- r.h"e
^Hnelnal
redeemable
at the
the pleasuri
pleasure
and
theState
princli
In the
°f the
after the^irsL aay
y { February
be
blo
year 1919, ana tne
1024 T£e debt
on the first daymotstatCi county and Municipal
texatt” nPand will be issued in bond form, with

sir>0 000 4H % 25-year bridge bonds.
, .
.
5 50 000 4 1 4 % court-house and Jail bonds due part yearly from eleven
’
to twenty years.
Denomination $1,000. Interest Jan. and July.

Wake County (P. O. Raleigh), No. Caro.— B o n d

of

Denomination $500. Date July 1 1909.
taxation
Certllied
at place to suit purchaser. Bonds arocxcm ptfrom ta.Y U lon
check for 10% of bonds bid for, payable to the City or west rum i, «
required.
. _

Wheaton School District No. 36 (P. O. Wheaton), Dupage
County, 111.— B o n d S a l e .— On June 7 the American lrust

& Savings Bank of Chicago purchased $25,000 4 ) ^ % school
bonds at 102.60. Following are the bids:
Amer. Trust & Sav. B an k ___ 102.601 N. W. Halsey & Co - - - - - - - - - } ° } - 22
First Trust & Savings Bank__ 102.581 Harris Trust & Savings Bank -10 .
John Nuveen & Co.................. 101.86 |
NEW

LOANS.

S r S iiH S w S S

C o llin g s w o o d ,

Camden County, Mew Jersey
SCHOOL DISTRICT 4% BONDS
Sealed bids will be received by the undersigned
at the School House .H addon and IrvlngAvenues,
Collingswood, New Jersey, until 8 o clock P . MThursday June 17, 1909, for all or any part of
$50,000 School District of the Borough of Co^;
llngswood, Camden County, New Jersey, 4 /«
Bonds, to be Issued for the purpose of defraying
the expenses of purchasing sites, erecting three
school houses thereon and furnishing the same
to be dated June 1st, 1909, and mature $1,000
June 1st, 1914, and $1,000 annually June 1st
thereafter until the entire Issue Is paid: Interest
payable scinl-annually at the Camden Safe De­
posit & Trust Company, Camden, New Jersey.
Each bid must be accompanied by a certified
check unon a national bank or trust company, to
the order of David Evans, Chairman Finance
Committee in the sum of $1,000, as evidence of
gooTfalth.’ The checks of unsuccessful bidders
will be returned promptly, after an award Is inade.
The check of the successful bidder will be held
UI1No ^ d s'oT 'lcss Uian' pa0/a n d accrued interest

* 1 5 5 ,0 0 0
C I T Y

O F

R O M E ,

N.

Y .,

WATER BONDS
Under authority of the Common Council of
the City of Rome sealed proposals vvlU ^ receiv ed
hv thp unclprsltrnccl until 12 O GLOGK NOON Oi
THURSDAY, JUNE 1 7 , 1909, at the officeof.the
Cltv Ciprk of the city of Rome, N. \ ., for the purchayse of water bomls of the city of Rome, as

Comptroller “ f *'1®

aad Trc^sureo or a

LOANS.

* 1 7 0 ,0 0 0

Wl'L be6Committee reserves the right to reject any
or all bids
Further particulars may be obtained
from the C h a ir m a n ^ EVANS_ chalrman.
(Post Office Address,
West Collingswood, N. J .)
HARRY W. SMITH,
W^a??Snmnosaisl,must be delivered, sealed, to
H ARRY S. HUDSON,
.
bald proposals
state at ANNAPOLIS,
Finance Committee.
ON O R B F F O R E 12 O’CLOCK NOON OF THE
? o th n iY OK JUNE. 1909, and must be at a
prlCCs’ t o i ^ a d d e d ^ f r e t o , and have'endo'rsed on
thc^envelope,
«

S a le —

Reports state that the $20,000 5 % coupon funding bonds
offered on June 7 and described in V . 88, p. 1391, were
awarded to C. E . Denison & Co. of Cleveland for $21,674 25
— the price thus being 108.371. Maturity January 1 1929.
Waltham, Mass.— T e m p o r a r y L o a n . — A temporary loan
of $75,000 has, according to reports,_b e e n awarded to
Loring, Tolman & Tupper at a 3 .0 7 % discount. Loan
matures Dec. 8 1909.
.
West Point, Clay County, Miss.— Rond O f f e r i n g .—
Further details are at hand relative to the offering onJune 18
of the $17,500 city-hall and $15,000 sidewalk 5 % bonds
mentioned in Y . 88, p. 1459. Ihxiposals for thcse bonds
will be received at 7 p. m . on that day by J. L. Young,
City Clerk.
,
.

S 5 0 .0 0 0

S I ,0 6 0 , O O O
STATE

The amount of bonds recently disposed of to John Nuveen
& Co. of Chicago was $200,000 and not $250,000 as reported in
V . 88, p. 1391- They were sold at 101.40 and answer to the
following description:

C ity o f S o u th

N o r w a l k ,C o n n .,

4% Coupon Water Bonds
Sealed proposals will be received by the under­
slimed until ONE O’CLOCK P. M.
,
1
1909, at the office of the Water Coninilssloners,
for the purchase of all or any part of $ 170,000
coupon bonds of $1,000 00, at 4 % Pe rP fl1' 1 !
Interest payable semi-annually at the Lucy
tlonal Bank and the South Norwalk
Loinpany. Principal payable at the office of the Water
Commissioners.
„
$52,000 P0 Water Bonds due July 1. 1919. io
refund matured bonds.
9 000 00 Water Bonds due July 1, 1940.
10
refund maturing bonds July 1 1910.
ton 000 00 Water Bonds due July 1, 1939. lo
fund iloatlng debt.
^
^ ,
The legality and genuineness of these bonus
will be certified to by the South Norwalk Trust
Company.
*Eat'
Paeh bid must be accompanied by certified
eck of L2% of the amount bid. payable to the
J K ? nf
theAWater
Commissioners. The check of
order
o t th
v ater Commissioners
orui-isuccessful
u - . v.i.ider
bidder t0
to be held to secure the payr'--.!. The
Is re..^------- — reYect
meYt oUhe bonds,
Tho right IsL^crvc^to
or ali blds. Intending purchasers can obtain
oonv of Water Commissioners' last annual report
1908 by application to the Water Office.
n lt,. nriii water Department Resources

//,% ., M a ly |5, 1909.
Total City Resources, not Including

and

T o ta l C U U

T otirw aw r^ ep artn ient RcVourccs.. 565|560 63
$777,517 79
City L iabilities----.............................. ^16,740 01
Water D epartm ent.................................... 5 2Z-522 22
Net Surplus.......................................... /e
$777,517 79
Grand List of 1908. $5,725,000 00.
Cltv' and Library Tax, 8 mills.
CItya l b e r t

m

.

pohlman

,

Finance Com. of Council.
CHRISTIAN SWARTZ,)
Water
STEPHEN S. HATCH.[Commissioners.
f r a n k lin

C IT Y

OF

a

.

sm it h

.J

PADUCAH,

KY.

BOND CALL
‘ °'si55 000 of bonds of $1,000 eacll.
Said’ bonds are registered and to run for 20
years The rate of Interest Is 4 per centum per
It
Is
possible
that
the City of Paducah may be
have made the same bill,
,,. *
the annum, payable January 1 and July 1 each year. In a nosltlon to purchase
some of Its outstanding
Principal and interest are payable at th® National bonds In July next, and In such event 1 would be
Park Ihank of New York City, N. \ . Bonds will glad to hear from you at your early convenience,
be dated July 1, 1909. Successful bidders will It vou have any, and care to oiler for sale the fol­
be required to pay within one week from the date
resnonsible bidders bidding the sam P
, . , of sale and to pay accrued interest from date of lowing bonds: (Making your oiler specific.)
Issued 1883— N. O. & O. UR------- --------- *4,500
Issued 1904— C. O. & S. W. UR. shops.. 2,000
Said bonds are Issued for )vatnc'',,plkT°®?f,ru
Issued 1891— P .T . & A. U R ---------- -------- 10.000
650, Laws of 1904, and ,c ''aPYr ®2,‘?' Issued 1900— N. O. & O. R R - - ......... 0-®“ 2
0 ,Thed8et0bonds will be Issued In thc ^ m i n ^ Chapter
Laws of 1899. the proceeds of said bonds to be Issued
1889— P. & M. gravel road............. 4*000
tlon of $1,000 and subject to
itrauon as
used for the construction of an additional supply
principal, and will be deliverable
,* r ^ids of water from Fish Creek for the c i t y of: Rome. Issued 1888— C. St. L. & P. R R - - - — ■-- g’ nno
The right is reserved to reject any and ail oms Tho rights of the city of Rome under these Acts Issued 1904— Street Improvement bonds.
1904— City hospital bonds............... i 500
AUSTIN L. CROTHERS.^
have T e n estaWlSheTl by the Court of Appeals Issued
Issued 1904— City market bonds-----------of the State of New York.
The bonds, under the law, can not be sold lor
m t 1
...$47,600
JComptroUMIat<the Treasury.
TOtal .............”j”a m ES~PJ~SMITH, Mayor,
less than par.
RRRT L MAC MASTER,
Paducah, Ky.
MURRAY V A N D I V E R .^
City Clerk




J une 12 1909.|

THE CH RO N ICLE

The above bidders are all of Chicago. Interest semi-annually at the
American Trust & Savings Bank of Chicago. Maturity part yearly on
July 1 from 1910 to 1922 Inclusive.

Securities Co. of Toronto.
years.
D e b e n tu r e S a l e .— W e
$600 5 % %
10-year

are advised that this district has'sold
school-building debentures. Nayj_«fc
James of Regina were the purchasers.
Bridgetown, N. S.— D e b e n t u r e S a l e . — J. C. Macintosh7*
Co. of Halifax have bought $26,500 4J ^ % 25-year refunding
water debentures at 99. Denomination $500. Date April 1
1909. Interest semi-annual.
Bruce County, Ont.— D e b e n t u r e O f f e r i n g . — Proposals will
be received until 3 p. m . June 15 by P. A . Malcolmson,
County Clerk (P . O. Kincardine), for $20,000 4 ) ^ % coupon
bridge debentures. Maturity part yearly on Dec. 2 0 .from
1909 to 1928 inclusive.
Calgary, Alberta.— B i d s R e j e c t e d . — The city has rejected
all bids received for the five issues of 4 f /fflo 30-year debentures
aggregating $576,000, described in V. 88, p. 1274. It is
said that the offer of the Bank of Montreal to handle the
issue as the city’s agents and advance the city a sum equal
to 75% of the face value of the by-laws until such time as
the bonds are ready to be placed on the market has been
accepted.

bonds mentioned in V . 88, p. 1392, have been awarded,
according to reports, to the Kansas City Life Insurance
Co. at 101.
Wilkes-Barre, Luzerne County, Pa.— B o n d O f f e r i n g .'—
Proposals will be received until 12 m. June 30 by Fred. H .
Gates, City Clerk, for $230,000 4J ^ % coupon bonds.
Interest semi-annual. Maturity thirty years. Certified check on a
national bank for $5,000, payable to the City Treasurer, Is required.
R. Nelson Bennett Is Chairman.
T h e o f fi c i a l n o tic e o f th is b o n d o f fe r i n g w ill be f o u n d a m o n g
th e a d v e r t i s e m e n t s elsew h er e i n th is D e p a r t m e n t .

Worcester, Mass.— T e m p o r a r y L o a n . — A temporary loan of
$150,000 was recently negotiated with Curtis & Sanger of
Boston at 2 .8 3 % discount. Loan runs for four months.
P r o v in c e s

M u n ic ip a litie s .
S a l e . — De­
bentures bearing 5 % % interest, aggregating $800 were
sold to Nay & James of Regina. Maturity ten years.

Alingly School District,

and

Sask.— D e b e n t u r e

Canvasback School District (P. O. Fulda), Sask.— D e b e n ­
W e have received word that $800 5 % % 10-year

Amity School District (P. O. Strome), Alberta.— D e ­

tu r e S a l e .—

school-building debentures have been awarded to N ay^&
James of Regina.

S a l e . — This district has disposed of $1,200 5 \ i %
10-ycar school-building debentures to Nay & James of Regina.

b e n tu r e

Assesippi School District (P. O.

Maturity part yearly for thirty

Brandland School District (P. O. Lundemo), Alberta.—

Wichita Falls School District (P. O. Wichita Falls),
Wichita County, Tex.— B o n d S a l e . — The $60,000 school

C a n a d a , its

1517

Assesippi), Man.—

Clareholm, Alberta.— D e b e n t u r e s

V o t e d . — At an election held May 17 the rate­
payers approved an issue of $3,500 6 % 20-year school­
building debentures. The vote was 25 “ for” to 1 “ against.”

V o ted

and

S o l d .—

The

Bell Creek School District (P. O. Swift Current), Sask.—

election held June 5 resulted in favor of the propositions to
issue the $20,000 electric-light and $56,000 water-works
5 % 20-year debentures mentioned in V . 88, p. 1392. These
debentures have been sold.

W e are informed by Nay & James of Regina
that they have bought $1,500 5 % % 10-year school-building
debentures of this district.
Belleville, Ont.— D e b e n t u r e E l e c t i o n . — According to reports,
the ratepayers will vote July 5 on the question of issuing
$70,000 school debentures.
':$gj
Berlin, Ont.— D e b e n t u r e S a l e . — This town, it is stated,
has awarded $13,000 4 j ^ % school debentures t o jh e Ontario

S a l e . — Debentures aggregating $1,800 issued ito
erect and furnish a new school were sold recently to N a y ? *
James of Regina. The issue carries 5 > £ % interest and runs
for ten years.
Galt, O nt.— D e b e n t u r e S a l e . — This place, it is stated,'has
awarded $15,000 4 ^ % 20-year school debentures to W m . C.
Brent of Toronto.

D eb en tu re s

Corbett School District (P. O. Saskatoon), Sask.— D e ­

D e b e n t u r e S a l e .—

NEW

LOAN S.

NEW

8 7 0 0 ,0 0 0
CITY

OF

DALLAS,

8
TEXAS

C o u n ty

of

b e n tu r e

LOANS.

NEW

8 1 2 5 , 0 0 0

I0 0 ,0 0 0
H e n n e p in ,

Minn.

BONDS

Road and Bridge Bonds
Sealed bids will be received at the office of the
undersigned until MONDAY, JUNE 21st, 1909,
at 11 O’CLOCK A. M., at which time said bids
will be opened by the Board of County Com­
missioners of Hennepin County, Minnesota, for
the purchase of the whole or any part thereof
of $100,000 00 County of Hennepin Road and
Bridge Bonds of the denomination of $1,000 each,
dated July 1st, 1909, payable July 1st, 1939.
Bidders will state rate of Interest: Interest to be
paid semi-annually, not to exceed 4% per annum.
No bid will be received for a sum less than the
par value of the bonds and accrued Interest to
date of delivery of said bonds.
The Board of County Commissioners reserves
the right to reject any or all bids.
A certified cheek for two per cent (2%) of the
par value of the bonds bid for, made to Henry
C. Hanke, County Treasurer, must accompany
each bid as a guaranty of the execution of a con­
tract If awarded.
Circulars containing full partlcul s will be
mailed upon application.
HUGH R. SCOTT.
County Auditor.

C IT Y

OF

M IN N E A P O L IS

8 9 1 , 5 0 0




O F

K E A R N Y .

TOWN HALL AND WATER BONDS
Sealed proposals will be received by the Council
of the Town of Kearny, Hudson County, New
Jersey, at the Town Hall, June 24th, 1909, at
8 p. m., for the purchase of the following bonds:
$90,000 00 25-year 4H % Town-Hall Bonds.
$35,000 00 25-year 4
Water Bonds.
Bids may be for all or part of said bonds.
Each bid must be accompanied by a certified
check for $5,000 00.
The Council reserves the right to reject any or
all bids.
FINANCIAL STATEMENT.
Present Bonded Debt____________
$868,000 00
Proposed Issue, Town Hall Bonds.
90,000 00
do
do
Water Bonds____
35,000 00
Total, Including proposed Issues.
Sinking Funds...................................

$993,000 00
116,123 8*

Net Indebtedness_____________
$876,876
No Floating Debt.
Special Assessment Debt, Included
a b o v e -------------------$350,000
T a x V a lu a t io n , 1908.
Real E state..................................... $13,527,162
Personal Property.............
1,444,382

12
00
00
00

Total Assessed Valuation, 1908..$14,971,544 00
Tax Rate per $1,000 00, 1908_____
$14.32
Population, Census of 1905, 13,601; now about
17,000. For further Information, address.
REGISTERED BONDS
BURTON E. CANFIELD,
Town Treasurer.
The Village of Dobbs Ferry will sell $91,500
registered bonds on June 22, 1909, to the person
who will take them at the lowest rate of Interest
$ 7 ,0 0 0
not exceeding 5% . Particulars may be obtained
on application at Room 902, 41 Park Row, or
will be mailed on request, addressed to the under­
T r y o n ,
N . C.,
signed. The village has no other bonded In­
debtedness.
OSWALD SCHULER,
Village Clerk.
GRADED
SCHOOL
DISTRICT
BONDS
Dobbs Ferry, N. Y.

DOBBS

FERRY,

N.

Y .f

a t k

i n

BONDS
Sealed bids will be received by the Committee
on Ways and Means of the City Council of Min­
neapolis, Minnesota, at the office of the under­
signed, Thursday, July 1st, 1909, at 2 o ’clock
P. M., for the whole or any part of Two Hundred
Thousand ($200,000.00) Dollars of Park Bonds,
One Hundred Thousand ($100,000.00) Dollars
of Permanent Improvement Revolving Fund
Bonds and Four Hundred Sixty Thousand ($460,­
000.00) Dollars of School Bonds, dated July 1st,
1909, and payable July 1st, 1939.
Bonds to bear Interest at the rate of four (4)
per cent per annum, payable semi-annually.
The right to reject any or all bids Is reserved.
A certified check for two (2) per cent of the
par value of the bonds bid for, made to C. A.
Bloomqulst, City Treasurer, must accompany
each bid.
Pamphlet containing full particulars will be
mailed upon application.
DAN C. BROWN,
City Comptroller.
Minneapolis, Minn.

T O W N

Hudson County, New Jersey,

Sealed Bids, marked "Proposals for Bonds,"
will be received by the Undersigned until 12
o'clock Noon, June 25th, 1909, for the purchase
of all or part of the following Bonds of said City—
$500,000.00 4 per cent (Serial) 1-40-year Water
works Permanent Improvement Bonds of the
City of Dallas, Texas; are dated May 1st, 1909,
arc In denominations of $1,000.00 each, with
coupons attached; 12 of said bonds mature May
1st, 1910, 13 on May 1st, 1911, and like amounts
with each alternate year following till May 1st,
1940.
$200,000.00 4 per cent (Serial) 1-40-year Public
School Improvement Bonds of the City of Dallas,
Texas; are dated May 1st, 1909, are In denomina­
tions of $1,000.00 each, with coupons attached;
5 of said bonds mature May 1st, 1910, and a like
amount May 1st of each year following, till May
1st, 1949: both principal and semi-annual Interest
on both Issues payable In Gold Coin at the Na­
tional Bank of Commerce, City of New York.
Each proposal must be accompanied by a certi­
fied check payable to the order of C. B. Gillespie,
Commissioner of Finance and Revenue, for an
amount equal to 2 per cent of the par value of the
Bonds wanted.
Bonds will be delivered to the purchaser on or
before the 10th day of July, 1909. .
Bonds will be engraved under the supervision of
and certified as to their genuineness by the United
States Mortgage & Trust Company, of New York,
and their legality approved by Messrs. Dillon &
Hubbard, of New York City, whose opinion as to
legality will be furnished to the purchaser. 'M
The right Is reserved to reject any and all bids.
By O.-i.er of the Boar i of Commissioners.
J. B. YVINSLETT, City Secretary,
Dallas. Texas.

$ 7 6 0 ,C O O

LOANS.

J

o

h

n

H .

W

s

M U N IC IP A L

AND
R A IL R O A D

BONDS

No. 2 WALL STREET
LEGAL

The Trustees of Tryon Graded School District
want sealed bids on $7,000 twenty-year 6%
coupon bonds.
Bids must be accompanied by certified check
equal to 4% of bid.
T. T. BALLENGER, Treasurer.
Tryon, N. C.

NEW YORK

M c C O Y

181

L a S a lle S tr e e t,

R .
F O R R E
421 CHESTNUT ST.

S

T
&
O O .
PHILADELPHIA PA.

C O M P A N Y
&

Co.

Municipal and
Corporation Bonds

IN V E S T M E N T
AND OTHER

F R E E -0 F -T A X BON DS
YIELDING FROM
TO 5>*%
Details upo.i Request

&

Formerly MacDonald. McCoy

T .

W ils o n

&

C h ic a g o
C o .

Bankers & Commission Merchants
SS WALL STREET

-

.

NEW YORK

THE CH RO N ICLE

1518

[V O L . L X X X V I I I .

Goose Lake School District (P. O. Little Plume), Alberta.

Sask.— D e b e n t u r e S a l e . — The
of a recent issue of $ 5,000 5 } 4 % 20-year schooluilding debentures were Nay & James of Regina.
Miniota, Man.— ■D e b e n t u r e S a l e . — The $12,000 4 % 20-year
telephone-construction debentures offered on May 15 (V . 88,
p. 1274) were sold on May 18 to MacKe nzie & Co. of Toronto
for $11,720— the price thus being 97.666.
Denomination
$1,000. Date July 1 1909. Interest semi-annual.

— D e b e n t u r e S a l e . — An issue of S800 5
10-year school­
building debentures was bought by Nay & James of Regina.
Gravenhurst, Ont.— P r i c e P a i d f o r D e b e n t u r e s . — W e are
informed that the price paid for the S20,000 5 % 30-year
water-works debentures awarded on May 28 to G. A . Stimson & Co. of Toronto (V . 88, p. 1461) was 102.13.
Hamilton, Ont.— D e b e n t u r e s D e f e a t e d . — The voters on
June 7 defeated a proposition to issue S30,000 4 % debentures.
The vote was 1,752 “ for” to 2,010 “ against.”

— An issue of $2,900 6 % 10-year school-building debentures
was recently purchased by Nay & James of Regina.
Moncton, N. B.— D e b e n t u r e O f f e r i n g . — Further details are
at hand relative to the offering on June 15 of the $133,000
\ x
/ i % coupon refunding, sewer-construction, water and elec­
tric-light-system bonds mentioned in V . 88, p. 1461. Pro­
posals for these debentures will be received until 5 p. m . on
that day by J. S. Magee, City Treasurer.

Gerald School District (P. O. Redpath), Sask.— D e b e n t u r e
S a l e .—

W e are advised that Nay & James of Regina have
purchased S I ,200 5 % % 10-year school-building debentures.

Glenford School District (P. O. Strongfield), Sask.—
D e b e n t u r e S a l e . — Nay & James of Regina
5 Y i % 10-year school-building debentures of

have bought
this district

amounting to S i ,300.

Hawarden

School

District,

Sask.— D e b e n t u r e

S a l e .—

School-building 5 X
A %
10-year debentures to the amount of
$4,000 were awarded recently to Nay & James of Regina.
Huston School District (P. O. Pipestone), Man.— Debenture
S a l e . — Nay & James of Regina have purchased $500 6 % 10year school debentures.

Kingsland School District (P. 0 . Saskatoon), Sask.—
D e b e n tu r e S a l e .—

Nay & James of Regina advise us that they
have bought $2,000 5 } 4 % 10-year school-building debentures
of this district.
Laiuerton School District, Alberta.— D e b e n t u r e S a l e .—
This district, we are advised, has awarded $950 5 ) ^ % 10year school-building debentures to Nay & James of Regina.
Langdon, Alberta.— D e b e n t u r e S a l e . — Papers state that
this place has awarded $2,000 6 % local-improvement deben­
tures, due part yearly for ten years, to H . O ’ Hara & Co. of
Toronto.

Lunnville School District (P. O. Beckenham), Sask.—

D e b e n tu r e S a l e .—

The Regina firm of Nay & James recently
purchased $1,400 6 % 10-year school-building bonds of this
district.

Macoun School District (P. O. Macoun), Sask.— D e b e n t u r e
S a l e .—

An issue of $8,000 6 % 20-year school-building de­
bentures was awarded to Nay & James of Regina.
NEW

NEW

LOANS.

$ 2 3 0 ,0 0 0

Minitonas School District No. 1102, Man.— D e b e n t u r e

S ta te

Moose Jaw, Sask.r— D e b e n t u r e S a l e . — The $40,000 4}^%
40-year water-improvement debentures offered on May 31
(V . 88, p. 1337) were awarded to A . E . Ames &Co. of To­
ronto at 101.02 and accrued interest.
The following bids were received:
G. A. Stlmson & Co., T or..a$39,8t2
VV. A. Mackenzie & Co., Tor. 39,431
H. O'Hara <S> Co., Toronto.-<i39,570
I3rlt.-Am. Sec. Co., Toronto.a39,200
Ontario Securities Co., Tor..a38,800

A. E. Ames & Co., Toronto.a$40,408
Canadian Ban kof Commerce al0,228
Dom. Sec. Corp.,Ltd., Tor..a40,148
J. Addison Reid, Toronto_a40,l32
Wood, Gundy & Co., TorontoatO.l 11
VVm. C. Brent, Toronto_____a-10,029
a And accrued Interest.

North Battleford, Sask.— P r i c e P a i d f o r D e b e n t u r e s .—
W e are advised that the price paid for the $10,000 5 % side­
walk debentures awarded on May 14 to W ood, Gundy &
Co. of Toronto (V . 88, p. 1338) was par.
Denomination
$1,000. Date July 1 1909. Maturity part yearly on July 1
from 1910 to 1919 inclusive.
Oakville, Ont.— D e b e n t u r e S a l e . — Reports state that $20,­
000 4 } ^ % debentures have been awarded to ^ V m . C. Brent
of Toronto. Maturity part yearly for thirty years.
Ontario.— B o n d O f f e r i n g . — Subscriptions are being received
by A . J. Matheson, Provincial Treasurer, for a 4 % $3,500,000
Consolidated Revenue Fund loan to be issued in the form o/
NEW

LOANS.

o f N o r th

4 Y i Per Cent 30-Year Bonds
SEALED BIDS will be received by the Fi­
nance Committee of the City of Wilkes-Barre, Pa.,
until 12 o’clock Noon, Wednesday, June 30, 1909,
for the purchase of $2 3 0 ,0 00 .00 of 30-year coupon
bonds, bearing 4M per cent interest, payable
semi-annually. Address bids to Fred. H. Gates,
City Clerk, who will furnish all Information on
application. Certified National Bank Check for
$5,000.00, payable to Treasurer of said City,
must accompany each bid. The right Is reserved
to accept or reject any or all bids.
R . NELSON BENNETT. Chairman.

S a le>

Denomination 5500. Date July 2 1909. Interest semi-annually at the
City Treasurer’s office. Maturity July 2 1949.

8 5 0 0 ,0 0 0

CITYOFW
ILKES-BARRE,PENNA.

C u b a n

Melville School District,

Eurchasers

LOANS.

8 2 5 , 0 0 0

C a r o lin a

C ity

of

O s a w a to m ie ,

K an sas

BONDS

SEWER BONDS

Sealed bids will be received at the State Treas­
urer’s office, Relelgh, for the purchase of $500,000
Four Per Cent Bonds of the State of North
Carolina, dated July 1st, 1909, running forty
years, exempt from all taxation.
Principal and Interest payable at the National
Park Bank. New York City.
All bids must be accompanied by a certified
check for two per cent of amount bid.
Bids to be opened at my office at 12 noon,
June 17th, 1909.
The right Is reserved to reject any or all bids.
B. R . LACY,
State Treasurer,

Sealed bids will be received up to two P. M. of
Tuesday, the 22d day of June, 1909, at Osawato­
mie, Kansas, for approximately $25,000 5% sewer
Improvement bonds. Certified check of 5%
shall accompany bids. For further detailed In­
formation address the City Clerk. The Council
reserves the right to reject any and all bids.
J. W. ALLARD, City Clerk.

Blodget, Merritt & Co.
BANKERS

C.

S e c u r it ie s

A S P E C IA L T Y

B . V an

STATE, CITY

N ostrand

AND

FRANCKE, THOM
PSON £ ROBE

RAILROAD BONDS

36 W ALL. STREET

Members N. Y. Stock Exchange
4 3 E x c h a n g e P la c e
Telephone 6444 Hanover
B r is to l

6o State Street, - Boston
30 Pine Street, - New York

I N D U S T R I A L S

BRANCH OFFICE
B u ild in g , 5th A v r . and 4!iil St.
Telephone 1558 Bryant.

THE

AMERICAN

MFG

CO.
P erry,

MANILA, SISAL AND JUTE

A d r ia n

H .

M u lle r

&

CORDAGE.

A U C T IO N E E R S .

Regular Weekly Sales

EVERY

and

&

B u rr,

60 State Street,
65 W a ll

S tre e t.

•

N ew

Y ork

OF

S T O C K S

C o ffin

INVESTMENT BONDS.

Son ,

BOSTON.

B O N D S

W EDNESDAY.

O ffic e , N o . 5 5 W I L L I A .T I S T R E E T ,
C o r n e r t*Iu o s t r e e t .

A lb e r t

K le y b o lte

409

&

C o .,

W n l n n t S tr e e t ,

C IN C IN N A T I, O .

N A T I O N A L
H E A T

&

P O W E R

GUARANTEED

CHELTEN TRUST COMPANY
5 6 1 4 Germantown Avenue,
Philadelphia, Pa.
Solicits the business of Corporations and Munici­
palities desiring the services of a Registrar. Trustee
or Financial Agent.




BO N D S

M u n ic ip a l,
C o u n t y ,

S ta te ,

and High-Grade Public Service
Securities
Ccrretpondenoe Solicited

A .

H .

L IG H T ,
C O .

All Issues

B ic k m o r e

&

C o .,

B A N K E R S
3 0 P in e S tre e t,

N ew Y ork

THE CH RON ICLE

J u n e 12 1909. j

1519

coupon bonds in the denomination of S I ,000 or registered I St. Mary’s, Ont.— D e b e n t u r e E l e c t i o n . — A by-law to raise
Ontario Government stock in sums of $50 or multiples $40,000 for school purposes will be voted on by the rate­
thereof.
payers, according to reports, on June 28.
Authority Chapter 8, Statutes of 1909. Date June 1 1909. Interest
Saskatoon, Sask.— D e b e n t u r e O f f e r i n g . — Proposals will be
semi-annually at the office of the Provincial Treasurer In Toronto or at the
offices of the Ilanlc of Montreal In Montreal or New York City. Maturity received until 5 p. m . June 30 by J. H . Trusdale, City Clerk,
June 1 1939. The loan Is free from all taxation. The Issue price up to for $184,800 5 % 30-year debentures.
Interest semi-annual.
June 30 will be 102 anti after that date 102 and accrued Interest. Certllled check, payable to the Provincial Treasurer, Is required.
Strathcona School District, Alberta.— D e b e n t u r e S a l e .—
An issue of $20,000 5 % 30-year school-building debentures
D e s c r i p t i o n o f B o n d s . — W e are advised that the $1,150,000
4 % 30-year T . & N . O. Railroad bonds awarded on June 1 was recently awarded, we are advised, to Nay & James of
to a syndicate of banks and insurance corporations at par Regina.
are dated June 1 1909. Denomination $1,000. Interest
Strome School District, Alberta.— D e b e n t u r e S a l e . — This
semi-annual.
district has awarded $3,000 5 ) ^ % 10-year school-building
Osgoode School District (P. O. Crooked River), Sask.— debentures to Nay & James of Regina.
D e b e n t u r e S a l e . — Nay & James of Regina were the purchasers
Sydenham School District, Alberta.— D e b e n t u r e S a l e .—
of $800 5 % % 10-year school-building debentures of this Nay & James of Regina purchased $1,200 10-year school­
district.
building debentures on May 10 for $1,206.50 (100.541) for
Peterboro, Ont.— L o a n D e f e a t e d . — The proposition to loan 5)^s. Date May 19 1909. Interest annual. Maturity
$50,000 to the Purity Ware Co. was defeated at the election part yearly on May 19 from 1910 to 1919 inclusive.
held June 1. V . 88, p. 1275.
Tache School District (P. O. Qu’Appelle), Sask.— D e ­
Prince Albert, Sask.— D e b e n t u r e s V o t e d — D e b e n t u r e O f fe r ­ b e n tu r e S a l e . — A recent issue of $1,000 b % % 10-year school­
building debentures was awarded to Nay & James of Regina.
i n g . — The following 4 } ^ % debentures were authorized at
Tofield School District, Alberta.— D e b e n t u r e S a l e . — This
the election held May 29 (V . 88, p. 1338):
513,800 10-ycar grading debentures. Vote 84 to 15.
district, we are informed, has awarded $15,000 5% 20-year
10.000 30-year electrlc-llght debentures. Vote 86 to 11.
school-building debentures to Nay & James of Regina,
14.000 30-year water-works debentures. Vote 83 to 11.
10.000 20-year debentures to purchase road machinery. Vote 73 to 22.
W elw yn, Sask.— D e b e n t u r e S a l e . — This village has sold
26,400 10-ycar street debentures. Vote 72 to 23.
an issue of $2,000 7 % 15-year permanent-improvement
9,600 30-year sewcr-cxtenslon debentures.
debentures to Nay & James of Regina.
Proposals for these debentures will be received until June 28
Wesley View School District (P. O. Tiyaske), Sask.—
Red Deer, Alberta.— D e b e n t u r e E l e c t i o n . — An election will
be held June 24 to vote on a by-law to issue $1,500 5 % 5-year D e b e n t u r e S a l e . — An issue of $1,800 5 3^ % 10-year debentures
for erecting and furnishing a new school was sold to Nay A
sidewalk debentures.
Rivers School District, Man.— D e b e n t u r e S a l e . — Nay & James of Regina.
Whitby, Ont.— D e b e n t u r e O f f e r i n g . — Proposals will be
James of Regina have purchased $9,000 5 % 20-year school­
received until June 19 by Joseph W hite, Town Clerk,f for
building debentures of this district.
$16,000 5 % 30-year water-works and electric-light-extension
Rocanville School District, Sask.— D e b e n t u r e S a l e .— bonds. Interest January 2 and July 2.
Nay & James of Regina were the successful bidders for $6,000
Yorkton, Sask.— D e b e n t u r e O f f e r i n g . — Proposals w illlbe
5 % 20-year debentures.
received until 6 p. m. June 15 by R . H . Lock, Secretary-

St. Louis de Langevin School District, Sask.— D e b e n t u r e

S a l e .—

It is reported that $800 6 % 10-year debentures have
been sold to the Ontario Securities Co. of Toronto.
M IS C E L L A N E O U S .

BONDS
Acceptable for Deposit by

IlIemberH Now Vork S tock E x ch an ge

C a n a d ia n

60 S T A T E

ACCOUNTANTS.

M IS C E L L A N E O U S .

HUNT, SALTONSTALL* CO..
In v e stm e n t

Treasurer, for $55,000 5 % sewerage-system-extension deben­
tures. Interest annual. Maturity part yearly for thirty
years.

G overn m en t

S e c u r itie s

A rth u r
W .

S T R E E T

A .

MACKENZIE

&

Y o u n g

C e r t ifie d

TORONTO, CANADA

P u b lic

BOSTON

M U N IC IP A L A N D

R A IL R O A D

B L A C K S T A F F

&

SEAS0 N8 0 0 D& MAYEE,
Mercantile Library Building
CINCINNATI

1332 Walnut Street
PHILADELPHIA

LISTOFSPECIALTIESONREQUEST
L Y B R A N D ,
R O S S

S m ith

&

C o .

CORPORATION AND
MUNICIPAL BONDS
FIRST NATIONAL BANK BUILDING
CHICAGO
P.

J.

GOODHART

&

and

T ru st

W E B B

T. W. STEPHENS & 0 0 .
Investment Bonds
2 WALL STREET, NEW YORK.

B A N K E R S,

INVESTMENT SECURITIES.
140 B r o a d w a y , N E W V O K K

H .

C .

Speer

Sc

Son s

1 4 0 D e a r b o r n S t .. C H I C A G O

C o .




P A R K

&

C O

New'York,Chicago, Cincinnati and
London, England.

H A R R Y

J.

W E L C H

CHARTERED ACCOUNTANT
Audits, Investigations, Cost and General Systems
4 3 ** ING * T .,
. T O R O N T O . CANA A

ROSE &

CO.,

CERTIFIED PUBLIC ACCOUNTANTS
56 Pine Street, NEW Y ORK
_____________ Telephone 4201 John.

2 8 S ta te 8 1 ., IIO ST O N

LOOMIS,

F i r s t N a t. B a n k B u i l d i n g , C h i c a g o
C IT Y C O U N T Y
AND T O W N S H IP

P u b lic A c c o u n t a n t s
(P en n sy lv a n ia )
L an d T itle B u ild in g
P H IL A D E L P H IA .
C ity In v estin g B ldg ., 1 0 5 B r o a d w a y
NItW Y O R K .
Union Bank B slld ln g
P IT T S B U R G H .

ALFRED

74 B R O A D W A Y . N E W Y O R K
E stablish ed 1 8 8 9 .

C e r tifie d

AUDITORS FOR
FINANCIAL INSTITU­
TIONS, INDUSTRIAL AND
MINING COMPANIES
Investigations, Financial Statements,
Periodical Audits and Accounting.

A. B. Leach & Co.

C 0 „

&

CERTIFIED PUBLIC ACCOUNTANTS

C o. S to ck s

&

B R O S

M O N T G O M E R Y

J A M E S

CO.,

B an k ers
4 7 II HO A D W A Y
NEW Y O R K
Telephone 2240 Hector
32(1 W n liin t Sc., C in cin n a ti
B ank

A ccou n ta n ts

N ew Y o r k , 3 0 l’ lne S treet
M ilw a u k e e , 0 3 3 W elle Hlctg
C h ica g o, 1 3 1 5 M onadaocU B lock
K a n sa e C ity, 110(1 C om m erce B ld g .

C O .

IN V E S T M E N T S

LIST ON APPLICATION

M .

C o .

(I L L I N O I S )

B O N D S .

C h a r le s

&

CO.,

B O N D S .
42 1 C h e s t n u t S t., P H I L A D E L P H I A

C 0 N A N T &

CO.

C E R T IF IE D P U B L I C A C C O U N T A N T S
30 B r o a d S treet, N e w Y o r k
Tel. 4953 Broad.

THE CHRONICLE

1520

[VOL. LXXXVI1I

(f t x r m p a t x t j f .

Q x n s t

^ v x is t

Unit StatesM tonpg of jtimtoil

UnionTrust Company
OF N EW
CHARTERED 1864

Chartered 1863
46 a n d 47

W a ll M re e t.

C A P I T A L , ................................................................................
S U R P L U S A N D U N D IV ID E D P R O F I T S ,

•

-

$ 1 3 , 4 - 12 , 5 6 4 . 2

I

This Com pany aota as E xecutor, Administrator, Guardian, Trustee, Court Depositary and In
rther recognized trust capacities.
It allows Interest at current rates on deposits.
It holds, manages and Invests m oney, securities and other property, real or personal, lo r estates,
aorporatlons and Individuals.

BDWARD W . SHELDON, President,
JOHN CROSBY BROWN, Vice-Pres.
WILLIAM M. KINGSLEY, 2d V .-P.
HENRY E. AHERN, Secretary.
WILFRED J . WORCESTER, A sst. Sec. CHARLES A. EDWARDS, 2d A sst.Sec.
TRUSTEES.
JO H N A. S T E W A R T , Chairman of the Board.
W illiam H. Macy, J r.,
John Clatlln,
W illiam D. Sloane,
John J. Phelps,
Gustav H . Schwab,
John S. Kennedy,
Frank Lyman
D. O. Mills.
George F. V ictor,
Lewis Casa Ledyard.
James Stillman,
Lym an J. Gage.

John Crosby B row n!
W . B ayard Cutting,
Charles S. Sm ith,
William R ockefeller,
Alexander E . Orr.

Payne W hitney,
Edward W . Sheldon
Chauncey Keep,
George L . R ives,
Arthur O. James,

DJinoisTrasl&SiivmtjsBanlL
C H IC A G O

C a p ita l a n d S u r p lu s
5 ^ 1 3 , 2 0 0 , 0 0 0
P a y s In te re s t on T im e

D e p o s its , C u rre n t a n d R e s e r v e A c c o u n t s

D e a l s in I n v e s t m e n t S e c u r i t i e s a n d
T ra n sa cts

a

G en era l

F o r e ig n

T ru st

CORRESPONDENCE

YORK
80 BROADWAY

Branch 425 Fifth Avenue, Corner 38tli Street
W ith Modern Safe Deposit Vaults

$ 2 ,0 0 0 ,0 0 0 .0 0

-

(S h y r a p a t t ie s .

E xch an ge

B u s in e s s .

C a p it a l

$ 1 , 0 0 0 ,0 0 0

S u r p lu s ( e a r n e d ) $ 8 ,0 0 0 ,0 0 0
A L L O W S INTEREST ON D EPOSITS.
Acts as Executor, Guard an. Trustee. &c
Administers “ Institutional" and Other
Fiduciary Trusts
Rece ves Securities for Safe Keeping and
Collection of Income.

TRUSTEES
H. Van R. Kennedy,
Wa'ter P. Bliss,
James Gore King,
Amory S. Carhart,
W. Emlen Roosevelt,
John W. Castles,
N. Parker Shortrldge,
Alex. S. Cochran,
J-mes Speyer,
Amos F Eno,
John V. B. Thayer,
Frederic deP.Foster,
Charles H. Tweed,
Harrison E. Gawtry.
Richard T. Wilson,
Robert VV. Goelet.
James T. Woodward,
Adrian Iselln Jr.,
William Woodward.
Augustus W. Kelley,
OFFICERS
JOHN W. CASTLES, President.
AUGUSTUS W. KELLEY, Vlce-Prest.
JOHN V. B. TH A YE R , Vlce-Prest. & Sec.
EDWARD R. M ERRITT, Vlce-Prest.
GEORGE GARR HENRY, Vicc-Prest.
C. C. RAWLINGS, Trust Officer.
HENRY M. POP1IAM, 1
T. W. HARTSHORNE,
Asst. Sec ys.
HENRY M. MYRICK, >

IN V IT E D .

Manhattan
The
Trust Company of America

Trust
Company

3 7 -4 3 W A L L S T R E E T , N E W Y O R K .
C O L O N IA L B R A N C H ;
222

B roadw ay,

N ew

L O N D O N O F F IC E :

Y ork .

C A P IT A L

Issu e s

95

AND

SURPLUS

in te r e s t-b e a r in g

R e c e iv e s

d e p o s its

S t.,

London,

s u b je c t

20 W all Street

to

o f

d e p o s it.

Corner Nassau

NEW YORK

c h e c k .

W illia m s

P U B L I C

E. C.

$ 8 ,0 0 0 ,0 0 0

c e r tific a te s

W ilk in s o n , R e c k itt,
C E R T I F I E D

G resh am

&

Co.

A C C O U N T A N T S

UNIT ED S TA TES
MORTGAGE & TRUST
COMPANY
NEW Y O R K

NEW

Y O R K

52 B r o a d w a y

C H IC A G O
M a r q u e tte B id * .

PHILADELPHIA
M u tu a lcL ife B id * .

C A P IT A L ,

SURPLUS,

$ 2 ,0 0 0 ,0 0 0 .0 0

$ 4 ,0 0 0 ,0 0 0 .0 0

L O N D O N ,E N G L A N D
L e a d e n h a ll B ld * 8 .

3P u e

M erch a n ts

CAPITAL
1 1 , 2 0 0 ,0 0 0 . 0 0

H a tim ia l

of Cincinnati

SU R PLU S FUND

$300,000.00

MELVILLE B. INQALLS, Preildent
EDWIN O. QOSHORN, Vice-President.
HENRY C. YERQASON. Vice-President.
WILLIAM W. BROWN. Vice-Prceldent.
WILLIAM P. STAMM. Cashier.
QEO. R. BALCH. Vice-President.
CHAS. A. STEVENS. Asst. Cashier.
BOARD OP DIRECTORS
h . E. INQALLS, Chairman Board of Directors FRANK L. PFAFF. Buhr. Pfafl A Co., Wholesale
O. C. C. & St. L. Ry. Co.
Confectioners.
E. B. STANLEY, Am. Laundry Machinery Mfg. Co.
LEVI A. AULT. Prest. The Ault * Wlborg Co.
OLIVER M. BAKE. Vlce-Prest. Miami Valley National E. R. STEARNS. Treas. Stearns A Foster Co.
Bank, Hamilton, Ohio.
PETER G. THOMSON, Preat. Champion Coated Paper
Co., Hamilton, Ohio.
GEORGE R. BALCH, Vlce-Prest. The Cincinnati
Realty Co.
HENRY C. YK1SER. Prest. Globe Wernicke Co.
HENRY C. YERGASON, Vice-President.
J. R. CLARK, PTest. Union Central Life Ins. Co.
SAMUEL POGUE. Prest. H. A S. Pogue Co.
EDWIN C. GOSHORN. Mgr. National Lead Co.
W. B. MELISH. Prest. The Bromwcll Brush A Wire MORRIS L. STERNBERGER. Prest. Commercial
Bank, Jackson. Ohio.
J^ENRY NEWBURGH. Treas. The Louis Newburgh W. W. BROWN, Vice-President.
Oo„ Hamilton, Ohio.
CHAS. A. STEVENS. Asst. Cashier.
Accounts of Banks. Firms, Corporations and Individuals Solicited
upon the Most Liberal Terms Consistent *lth Good Banking.

£1




OFFICERS
CO R N E LIU S C. C U Y L E R .......... President
JOHN VV. P L A T TE N ---------Vice-President
AR T H U R T U R N B U L L --.V ic e-P resid en t
C A L V E R T B R E W E R .....................Secretary
C A R L O. R A SM U S------------------- Treasurer
JOSEPH A D A M S ............ . A s s t . Treasurer
F R A N K J. PA R SO NS___ A sst. Secretary
H E N R Y L. SERVO SS— A sst. Treasurer
T . W . B. A lID D L E T O N -.A s s t. Secretary

55 Cedar St.
7 3 rd St. & B’ w ay

1 3 5 th St. ft 8 th Ave

A . Strassburger,
S o u t h e r n I n v e s t m e n t S e c u r it ie s .
M O lflO O M E ItY , A L A .