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INCLUDING
Bank and Quotation Section

and City Section (semi-AnnuaUy).
Street Railway Section {^41^^'}
State

(Monthly)

Railway and Industrial Section (Quarterly)

Dana Compakt, in the otHce of Librarian of Congress, Washington, D.
York, as second-class matter— William B. Dana Company, Publishers, 7&}4 Pine St., N. T.

Entered according to Act of Congress, In the year 1905, by William B.

A

-weekly

VOL.

newspaper entered at Post

New

Office,

SATURDAY, JUNE

80.

NO.

1905.

17,

O

2086.

Week ending June 10
Clearings at

—
1905.

1904

1903.

'l^^C^

1902.

PUBLISHED WEEKLY.

Terms

ot Subscription

—Payable in

Advance

For One Year
For Six Months
Enropean Subscription (including postage)
European Subscription Six Months (including postage)

$10 00
6 00
13 00
7 50
148.
lis.

„...

£2
&1

Annual Subscription in London (including postage)
Six Months Subscription in London (Including postage)

—

Subscription includes following Sections
State and City (semi-annually)
BANK AND QUOTATION (monthly)
RAILWAY AND INDUSTRIAL (quarterly) STREET Bailway (3 times yearly)
I

I

Terms

ot Advertising

Inch Space
22
29
50
87

(8 times)

(13 tunes)
(26 times)
(52 times)

©ANA COMPANY,

00
00
00
00

Kox

Office

C.

PnblisUers,

NEW YORK.

0.58.

Week Ending

New Tork
Philadelphia.

Baltimore
Chicago
St. Louis....

New

Seven cities, 5 days
Other cities, 5 days
Total

all cities,

5 days

all cities

for

week

Detroit

Milwaukee

..

Indianapolis...

Columbus
Toledo
Peoria
Evansville
Akron.,

....

Spriuglleld.

Ill

Youngstowi
oungstown
Kalamazoo
Lexington
Canton
Rookt ord

O

Decatur.
Mansfield
Jacksonville

Jackson

,

Ann Arbor
Fort

,

Wayne

South Bend
Total Mid. Western

t883,016,800
105,891.434
88,805.353
18,070,322
154,8.37,916

46.291,548
12,745.510

P. Cent.

+41-3
+14-0
+18-5
+7-9
+5-0
+7-7
+15-5

Seattle
Salt Lake City..

Portland.

Spokane

Tacoma_
Helena
Fargo
Sioux Falls
Total Pacific.

Kansas City

$1,309,661,883
275,079,373

+29-9

Minneapolis

318,946,271
$2,019,233,933
400.174,287

$1,584,741,256
305.613.661

+27-5

St.

52,419,408.220

$1,890,359,917

+28-0

^1,700,5«7,«562

All cities, 1 day

Total

1904.

14724,084

Orleans

New England.

San i>ancisco
Los Angeles
1905.

81,227,841,855
120,75^,864
105,235,858
19,499,573
162,384,472
49,843,459

Boston

Total

Bloomington
Quincy

The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, June 17, have
been $2,419,408,220, against §2,421,792,887 last week and
$1,890,359,917 the corresponding week last year.
'leleqraph.
June 17.

Holyoke

Springtleld,

GLEARMQ ROUSE RETURNS,

Clearings— Returns uy

New Bedford

Grand Rapids.
Dayton

Pine Street, Corner of Pearl Street,
Post

Portland
Fall River
Lowell

Cleveland

$4 20

CHICAGO OFFICE—PUny Bartlett, 513 Monadnock Block.
LONDON OFiriCE—Edwards & Smith, 1 Drapers' Gardens, E.
B.

Worcester

CiDclnnati

Transient matter per inch space (14 agate lines)

liriI,L.lA]yr

New Haven-

Sprinzfleld

Chicago

—Per

Months
STwo
Three Months
Six Months
Twelve Months

Boston
Providence
Hartford

+ 15-6 Omaha
St. Paul

-I-30-9

Joseph.

Denver
Des Moines
Sioux City

Topeka
Davenport

The full details for the week covered by the above wiU be Wichita
Colorado Springs...
given next Saturday. We cannot furnish them to-day, clear- Cedar Rapids.
Fremont
ings being made up by the clearing houses at noon on Satur- Pueblo
day, and hence in the above the last day of the week has to
Total other West'rn
St. Louis
be in aU cases estimated, as we go to press Friday night.
Orleans
We present below our usual detailed figures for the previous New
Louisville.
Houston
week, covering the returns for the period ending with Satur- Galveston
Richmond.
and the results for the corresponding Savannah.
week in 1904, 1903 and 1902 are also given. Contrasted with Memphis
Atlanta
the week of 1904 the total for the whole country shows a gain Nashville
Norfolk
Outside of New York the increase over 1904 Fort Worth
of 37*4 per cent.

day noon, June

is 31*2

10,

Birmingham

per cent.

Knoxvllle

Augusta
Week ending June
Clearings

at—

New York
Philadelphia...

Pittsburgh
Baltimore
Buffalo
:

Washington...,

;

Albany

Rochester
Bcranton
Syracuse
iWllminKton...
;

:

I

t

,

,

Reading
Wilkes Barre..
WheeiiDR
Blngbamton ..

iGreensburg....

FrankUn Pa..
Total Middle

-

1904.

ln«. or

Dec.

1003.

%

,472,648,604
130,730,335

«
979,612.029
89,509.328

47,090.;i7<t

;<9.290,791

--19-9

22,2S3,8i!3

20.00b.56U
6.032,429
5,101.024

+7-8
-0-5
+18-4
-11-9

-

$

3.5U.I27

2.685.808

-1-30-9

2,299.«2U
1,.545, 091
1,109,387
1,019,575
1, 046,97s

1,598,531
1,199,350
977.975
1,030.202
899,883

--43-9
--28-8
--19-7

1.341,373
1,224,928

6.599,014
6.042,53b
3,953,537

525,827
533,273
602.034
209.940

4,487.2^45

ti40.7y'

481.900
438,700
413,170
493.626
233.808

1,708,919,059 1,150,-420.221

1902.

-50-3 1,412,702.128 1,095.280,986
-52-7
101,848.898
112.365.901

50.749.281
25.737.831
6,300,882
4,368,298
8.703,287
2,838,149

693,95.1
504,S(X)

I

Chester
lErle

1905.

Little Rock.
Charleston

10.

— 1"0

+16-3
--8-3
--4-8
--19-S
- -20-3

+1-7
-f-15-5

1.401, 48';

887,105
848.890
452.700
464,000
549,516
453,187
220,487

37.495,850
2.3,263,211

5,759.067
3,776.999
3,304.979
2,648,717
1.263,445
1.227,482
1,303,699

620,490
795,090
366.590
895,457
828,391

+-17-8 1,620,668,480 1,279,579,204

Macon
Chattanooaa

110365.718 +37-0
6.071,600
2,637,437
2,148,542
1,489,193
1,374,171
1.815.138
649,436
493,223
448,939
514.195

4-18-3

100,044*587

128,407,592

+24-6

190,541,350
23,623,750
14,854,415
11,188,159
7,942,318
7,651.063
4,644,500
4,867,078
2,599,787
2,205,731
1,681,986
1,899,330
434,700
853,700
676,935
870,794
623,563
374.374
573.048
355,431
357,47;
339,153
303,604
327,230
213,545
345,315
119,452
953,049
425,704

167,996 393
25,001,600
12,126,680
9,493.889

Not include
Not include

279,463,388

349,260,664

82,775,896
9,006,731
5,760,185
5,839,099
4,711,812
3.302,880
3.260,006
716,043
531,225
339.527
65,743.913
23,523,573
14,837,417
9,544.051
6,432,582
4,536.739
6,448,051
2,840,290
1,790,903
1,206,531
921,093
1,187.954
800,000
473,574
332,387
829.000

..

Total all
Outside New York.

m

+ 10-6
-]-23-4

-14-6
+19-6
-6-3
+33-6

-54

140,129,641
6,545,100
2,972,300
1,988.019
1,668.274
1,641,024
1,400.037
997.068
459,003
544.196
468.038

120,920,743
6,612,300
2,568.086
1,888,800
1,804,223
1,709.943
1,459.964
876,970
535,340
525.712
359,899

158,813,298

145,242,546

169.165,837
24,122,650
15,971,626
10,631,921
7.776,703
7,125,817
4,950,800

217,ii26

541 9S0
539,136
389,086
331,800
305,848
275,730
222.082

231,550
194,250
122.289

174,016
185,000
99,534

153,508.907
21.573,100
15,545.333
9,827,253
6,936,901
5.532,063
4,177,350
3,697,211
2,001.363
1,578,393
1,530,196
883,367
762,000
528,436
608.471
508.774
521.460
420,979
454.447
425,528
273,439
233,699
196,377
211.ia5
180,890
180,000
95,244

+12-1

256,643.897

231,392,324

28,083,573
6,100,704
4.416.796
2,690,675
8.449,109
2.174,050
1,849.499
680.669
463,118
281,804

+16-7

24,840,441
6,018.887
4,307,142

-f20'6

548,510
230.510

25.192,190
5.225,084
3,867.248
2,363.528
3,793,012
1.631,328
1,360,900
439.589
506,738
265,724

60,190,003

+31-0

40,520,672

7.574.669
5,759,231
4,260,300
8.037,983
2,194,143
1,953,743
1,774,101
1,217,250
776,200

3,104,9-27

2,516.252
1.893,009
1,574.477
1,045,092
850,000
732.507
723.577
672.914
672,130

823,844
497,511
812,732
620,897
619,837
467,790
4tl2,932

354.83»
348,991
329.323

tal.
tal.

47-6
30-4
98 5
36-6
51-9
4-76-3

2,726.73'

3,334,089
2,330,030
1,749,739

+5-2

434,58'

-I-14-7

16,166,076
20,415,776 -1-10-3
11,983,994 4-23-8
12,165.257
4-29-0
7,6:W.401
8,848,746
5.113,632 4-26-8
5,639,204
+9-9
4.128.938
4,700,000
4,284,079 -f-50-5
4,899,041
2,869,332 4-19-9
2,056.576
1.277,774 4-40-1
1,569,810
4-29-1
934.573
1,153,892
919.988
-fO-l
817,072
1,067,344 -1-11-2
784,637
4-37-3
582,682
563,396
4-9-3
433,450
156,162 -f-112-9
166,970
Not Include din 10 tal.

43.044,281
16.811.210
12,660 554
6.914.789
5,534,748
4.695,773
5,048,839
2,097,151
1,047,480
1,151,468
934,057
471,449
600,000

180,995

73,875.095

61.297,015

+20-5

59,530,677

58,738,013

58,445,624
18,783,101
11,287.082

54.857.273
16,581,173
10,141,893
4,828,275
3,336,000
4,208,623
2,864,054
4,516,724
2,013,987
2.544,302
1,782,004
1,393,83«
1,084,370
1,224,491
932,153
807.246
942,059
318,614
777,946
910,040
216,672

-f«-5

41.705.136
15,435,923
10,603,385
6.919.798
2.825,000
4,334,579

48,648.322
10,537,683
10.503.014
5,024,580
2,875.500
3,640,383
2.641,22a
2,851,357
2,235,504
1,767,870
1.313,603

5,797,461

4.400,000
5.247,046
4,011,366
5,153.910
3,488,078
3.453,432
2,177.660
2,068,044
1,494,684
1,451,375
1.652,173
958,602
1,018,021
435,096
714,399
1,467,821
243,180
1,326,808

Jacksonville

Columbus, Ga
Mobile
Total Southern

140,750,280
7,183,200
2,831,061
2,241.233
1,647,437
1,560,869
1.550,689
776,452
462,670
554,887
486,309

-f-13-3

4-11-3

4-201
-1-31-9

--24-'
-40-0
--14-1
--19-7
--35-7
- -22-2

2.745,(i3d

3,704,818
2.456,059
2,226.749
1,539,735
1,606,546
1,138.876
1,288,862
697,630
887,779

--600
-37-8
--18-5
--77-2
--18-5
-

f8-l

-8-2

L055,80"
616,000
934,973

-I-01-3

868,164

-1-368

-1-4

Not include d

1,35L969
906,836
746,989
633,600
818,275

551,009
537,984
885,057

in to tal.

+ 14-2

98.000,577
103,131,453
2,251,327,513 1.847.597.002

117.111,547
1,762 693.692

-1-37-4

949,144,283

783,0a0.663

-1-21-2

838,625.355

761,316.016

27,068,335
19,139,484
6,474.879
1,840.188
3,578,815
2,318,449
1.800,188
1.268,139
1,143,421
1,103,196
739.010

23,168,899

-t-16-8

29.951.684

18,519,.S62

-f5-0

18,486,5.56

+13-6
-0-8

23,529,564
17,156,088
8,229,375
1,093,396
1.890.265
1,455,289
1,567,190
937,409

66,074,100

59,378,78';

133,746.945
2,421,792,8

Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.

Quebec
Vancouver.

Hamilton
St.

John.

London
Victoria

Total Canada

5,697,791
1,855,361
2,290,750
1,852,66
1.607,446
1.308,004
1,053,009

4-19-8

4,903,589
1.919,323
2,338.738
],822.KJ6

4-120

1,240,331'

-3-1

1,153,819
1,038.608

910.660
1,009.718

-f21-2

-26-8

858,815
623.177

850,000
523,544

-fl8-5

64,321,976

53,731,673

-1-55-8

-I-8-7

899,56<i

THE CHRONICLE.

2424

the peace copgress so far as fixing upon

TEE FINANCIAL SITUATION.
When

[Vol. lxxx.

the place

of meeting, while the

Washington as

Equitable Insurance

Saturday, the closing day of last Meek, opened,

Company's affairs also appeared to fall into a quite pacific
which had been recently of most state, leaving very little, if anything, of consequence
in
influence in depressing the Stock Exchange market and the Morton and Eyan arrangement for one to take
exshaping the course of general business were the war be- ception to.
But notwithstanding this material
the two adverse

forces

progress

tween Japan and Russia and the situation of the EquiIt so happened that
table Life Assurance Society.
each of these depressing agencies took a turn on that

towards removing differences and uncertainties, the market has remained inore<iuiot than almost ever before. The

total sales on Thursday were only 134,401 shares and yesannouncement
day lor the
terday only 138,205 shares. This situation is giving weight
had
obtained
that
it
the
Associated
Press
by
made
to the opinion that the law taxing stock sales has had
definite knowledge of the actual acceptance by Eussia more or less effect in decreasing stock
transactions. Even
and Japan of President EooseA'elt's suggestion that the granting, however, it to be a fact that the law has led to
two contending Powers appoint a meeting to arrange a falling off in transactions, can the law fully explain'
terms of peace; such acceptance was of course an exhil- the prevailing tendency to lower values which
seem

arating incident in

came

First

better.

its

action on

Equitable Life by reason of

in the aspect

the

On

sentiment.

public

made

the other hand, the changes

the

Then,

Secre-

the

of

election

be the result

to

of the

too,

this

market

of

the

just

is

little

the

business

part

of

in

the

progress.:'

year

when'

almost

invariably gets into and passes
Paul Morton as Chairman, grew in public estima- through the doldrums. Uncertainties thicken about this
tion more thorough and complete than when first period. Operators in the food and staple
markets find many
Hence, the irritating imperfections in developments of growth on which
published it was believed to be.
to bull
tary

noted above developed

influences

day by day their ventures.

distrust

Such reports may make a good many
during that week, and as a consequence stock sales had believe the stories circulated. Others tell us of a war
just
declined materially until Friday, June 9, when they in sight between France and Germany
about Morocco.
reached only 185,923 shares. But with the opening of As industrial affairs are extremely active here,
no one
Saturday, the changes and developments had so greatly seems to be much scared over
such an insane suggesimproved the aspect of afiairs that the stock sales during tion.
the

short

of Saturday rose

session

to

466,292 shares,

A truth worthy of notice

values improving correspondingly.

Under

these

circumstances

was anticipated

is

that the public

is

getting

that

a good deal annoyed with this unending Equitable disbuoyant day on the Ex- pute. It is time for it to cease. There is no one, except
change.
This view was the popular one for the added it be Mr. Hyde, who seems to have any care for the real
reason that Saturday afternoon the Agricultural Depart- interests of the company.
The situation has had the

Monday would

be an

it

active,

ment's report on the crops was made public, and was
terpreted

at

•

and

condition

promise

a

of

time

the

be quite

to

acreage

product

total

727,432,000

bushels,

552,399,000

bushels,

figures

against

favorable,

that

of

a

crop

gave

for

home consumption but a

In face of

export.

buoyancy which

set

this expectation

in so

Monday was

sibly

was due mainly

this

every

way

vious to Saturday.

Eussia appeared

175,000,000

and the

life

and

had ruled

pre-

to

old methods, current rumors indicating a hitch in
tiations; report said that the Czar's plans

tention to appoint plenipotentiaries with

peace but representatives with power only

from the Japanese and
sion of hostilities.

to

conclude a

The Equitable

Pos-

be pursuing her

to

nego-

included no in-

power

to

to receive

make
terms

teuii)oiary suspen-

affair

who

could carry

the confusion, the

off"

the larger

company needs simply

Mr. Morton has been elected by the constituted authority

disappointing.

activity of the causes of depression wliich

see

of

report,

to the return

Amid

share.

to

1904

decidedly Saturday morning,

the market

scram.bling

to

fair surplus for

and

each

of

bushels over last year, giving promise of a yield not only
sufficient

aspect of a lot of buzzards clustered around a dying body,

cereal

in

an increase of

or

as the

wheat

for

in-

was

also again

in a tangle.

be

let

alone and

it

At

will right itself.

known

the

moment

and able man,
and has consented to accept the position, doing what he
can to re-establish the credit of the company. In the
same interest Mr. Eyan has sought to wipe out the property interests now in control.
These vested rights are as
old as the company, and must be eliminated to reach a
change in authority. One party, however, wishes the State
to come in and foicibly eject the owner at the State's
valuation. That would not be just, and there is no reason
to suppose that the courts would lend themselves to such
an endeavor. Besides, this process means a receivership
and a winding-up of this large and prosperous institution, which course would be a disgrace to the country
and of no benefit to any interest but a harm to all. At
as

Chairman; he

is

as an honest

this point the hysterical party says those in control

There had been, it was said, no final settlement; the State Insurance Department was about to make

done wrong and should be punished.

circles ?

Kennedy Tod and

have

That problem is
an outside affair. There is a way to reach any who
a report which, it was threatened, would be along the have done wrong, a way which does not involve the life
lines of the Frick findings and break up the Thomas F.
or the institution and a harm to the insurance business
Eyan purchase of the 502 shares of Mr. Hyde's holdings. which it will take years to recover from.
How could there be buoyancy with confusion reigning in
such highly important negotiations, which naturally
The Industrial & General Trust, Limited, oi London
would cultivate fear instead of stability in business has this week secured a verdict for $33(),7r>0 against J»

As

a consequence, since

influences

the.se

two

continued varialde in character until Thurs
uncertainty with reference to both incidents

when
seemed to be reduced
g<XHl i)Jogie88 was made
2ay,

Monday opened

to a

minimuni.

in settling

the

Thut

is to

say,

preliminaries to

the other

tion committee of the old

members

,

of

the reorganiza-

Birnsingham Sheffield

&

Ten-

nessee Eiver Eailway Comi)any, now a part of the
Southern Eailway system. The case was an importjint
one, since the suit giew out of the failure of the reorganization

committee

to

submit

its

plan of reorganization ta

''

Jt^e

receiver's

in

April

9

two

hands

about

the

committee

1895,

bondholders to

years

The

for

been
when, on

2425

is to

be preferred

As

concerns

as

far

was of course a

the

purpose

asked

for

submission after foreclosure.

to its

Industrial

the

invited

&

\

submission of a plan of reorganization before foreclosure

to

referred

bonds

their

deposit

Sheffield

Company had

Eailway

Eiver

Tennessee

foreclosure

Birmingham

The

property.

the

of

sale

&

security lioklers before the

depositing

the

THE CHRONICLE.

17, 1905.!

Trust,
vital

point

the
the

|

by

raised

principle

at

issue

The Industrial Trust had

one.

$350,000 damages with interest from October

General

29 1895. Calculating interest at 6 per cent this would
Trust held $570,000 of the bonds out of the total issue have brought the total claim up to about $550,000. The
These it deposited under the agreement verdict is, as already stated, for $336,750.
of $2,975,000.
Had the
and never afterwards withdrew them. The reorganiza- Industrial Trust accepted the offer of the Southern Eail•f reorganizing the property.

tion

committee was empowered

Industrial

prepare and adopt

to

way Company

a plan of reorganization with or without foreclosure.

October 1898

Depositing bondholders, however, were to have the right

like

thirty days after the mailing to

any time within

them

ot

notice of the filing of the plan of reorganization to with-

draw from the agreement and to get back their bonds
upon payment of the pro rata share of the expenses
incurred by the committee.
Ou September 16 1895
the road was sold at foreclosure and bought in by
the

committee

the

for

of

upset price

$500,000, the

bonds which had been deposited with the committee
being used in payment of

this

purchase price.

In

i^o-

it

would have got $182,400

—nearly seven

years ago.

in cash in

Calculating in

manner 6 per cent interest on this the amount at
the present date would be $250,000, comparing with the
$336,750 obtained. The method of ascertaining the damages sustained by the complaining bondholders was laid
down by the Court of Appeals in its opinion last spring
and was quite intricate and complicated. It was for this
reason that the case, when it came up for trial in the
lower court, was submitted to a special jury.
The jury
was instructed that since the bonds had no quotable
value the plaintiff was entitled to show the intrinsic
value of the railroad property and to receive its aliquot

vember 1895 the Northern Alabama Eailroad Company
was incorporated to succeed the Birmingham Sheffield & proportion of such value that in order to ascertain such
Tennessee River. The new company issued $1,700,000 value the jury was entitled to consider the character
bonds, which, with its capital stock of $2,000,000, were and condition of the physical property; the character
The com- and population of the district through which the road
turned over to the reorganization committee.
mittee continued to hold the bonds and stock of the new passed the resources, mineral, industrial and agriculcompany until July 1898 (the outlook for the property tural of the region the relation of the road to other
and
its
position strategically
the cost
evidently not being very bright), and then filed a plan railroads
of
reorganization
and
gave
notice
thereof
to
all
reproduction,
the
opinions
the deof experts
as
to
of
its
value,
and
any
other
affecting
positing security holders.
fact
its
Under this plan the bondholders were allotted 40 per desirability as a going concern. It was on this
cent in new bonds and 60 per cent in stock of the new basis that the jury rendered its verdict for $336,750.
Whatever one may think of the merits or demerits of
company.
In October 1898 the Southern Eailway
Company, as a result of negotiations with the reorgan- the complaint, one thing is certain. The decision of the
ization committee, arranged to purchase all the bonds Court of Appeals and the judgment which the complainand stock of the new company at a price of 80 for the ing bondholders will get under it makes it absolutely esbonds, equal to $320 for each $1,000 bond of the Birm- sential in the future for reorganization committees to
ingham Sheffield & Tennessee Eiver Eailway. The In- submit plans of reorganization before foreclosure rather
;

;

;

;

dustrial

&

General Trust did not elect

new than

brought an action for conversion against

securities, but

committee

the reorganization
tiff's

to accept the

for

its

use of the plain-

bonds in making payment for the property.

In

was pointed out

this action, as

issue of
cessful,

in

an

our

February 18 1905, the complainant was not sucthe Court of Appeals holding that the acts com-

plained

of did not

constitute

amended complaint, however,

a

for

conversion.

In

foreclosure

press provision

agreement
the

article in

after

to

unless, indeed, there

the contrary in

Such a

itself.

Birmingham

—

Sheffield

is

the usual one;

Tennessee Eiver Eailway

case had really formed an exception to the rule.

There was no change

in official

an any of the European banks

breach of contract, the

an ex-

the reorganization

course, too,

&

is

this

rates

of discount

by

week. While unofficial or

open market discounts were easy at London, they were

Court of Appenls upheld the contention of the plaintiff" firm at Berlin and Frankfort, and there was an importafter the Courts below had dismissed the complaint. ant advance at Paris, due, it was reported, to preparaThe whole case rested on the one fact of a failure to file tions for the negotiation of a Turkish loan for £5,000,a plan of reorganization prior to the sale at foreclosure. 000, and also to some tension caused by the Moroccan
The view taken was that such delay in filing the plan incident. Last week's statement of the Xew York As-

had

really

left

the

Industrial

&

General

Trust sociated Banks was deranged through the shifting of

Sharp differences of opinion developed even among the judges of the Court of Aphelpless to protect

peals,

and

in the

its interests.

prevailing opinion

the

action

of the

committee was characterized in rather

reorganization

loans

from banks

transfer, largely

Japanese funds.

to

to

trust

the

companies incident

latter, of

The bank

to the

about $56,000,000 of

loans were decreased $11,-

76 -',200, and one institution alone showed a reduction in

For ourselves we never believed that this item of $20,527,100, while four others indicated an
The cash reserve was augthe committee had acted in any way except with good increase .of $9,918,200.
intent, and that they thought they were within their mented by $616,000 net, deposits decreased $12,644,rights in deferring submission of the reorganization plan 900, and the surplus reserve increased $3,777,225, to
until the time when they could present a definitely ma- 39,827,500.
The bank statement of this week should
tiured scheme for the disposition of the property, since reflect, among other items, the transfer hither, through
as a separate road its full usefulness could never be the Sub-Treasury, from San Francisco, of $500,000, and

harsh language.

attainedL

At

the

same time

it

cannot be denied that the

tha

transfer

hence, also through

that

office, to

]N'ew

^

.

THE CHRONICLE.

:^45;6
Orleans, of $100,000.

may

It

be noted that the sea-

son's output of Klondike gold has begun

The Bank

move

to

across

[Vol. lxxx.

cotton were fairly abundant early in the week, reflecting
accumulations in the mails, but the demand therefor wag

North America was sufficient to absorb the drafts, and firm rates were mainthis week advised of the receipt at Seattle, Wash., of tained.
Indications of good crops of grain and of cotton
$310,000 of such gold, which will be transferred hither and expectations of free exports of both staples seemed to
make it probable that lower rates for exchange would
through Assay Ofl&ce checks.
the border.

of British

rule later in the season,

With a view to avoid possible derangement to the
money market which might result from the surrender of
public

concurrently

deposits

bursements by the banks

with the semi-annual

dis-

dividends and interest, the

for

Secretaiy of the Treasury this week announced that the
final

instalment of the call of April 5th for public funds,

ditions bankers

and

anticipation of such con-

in

were disposed

to

draw finance

make

bills,

and franc loans and directly sell long drafts as a
speculative operation.
Inasmuch as there were few or
sterling

no

bankers'

arbitrage

ings

against

bills

investment,

or

contributed

chiefly

either

securities

foi:

above-mentioned

the

the

to

market's

offer-

supply.

which would be payable July 1st, would not be required There was some covering of maturing finance bills,
until July loth; payments which have already been but the demand therefor was not important and the ma-

made on account

of this

instalment of the call have

re-

duced the amount from $14,821,000 to about $12,000,000.
with
the favorable
This announcement, together

bank
light

statement
inquiry

for

week

previous

the

of

funds

resulting

fi'om

speculation

in

stocks,

contributed

money

this

week.

Loans on
were placed

lor

ing

bankers'

balances

Exchange during

the

week

to

the

the

dull

easy

rates

represent-

call

on

and

the

Stock

jority of

such drafts were extended or renewed for an-

other three-months period.

The

and

including

other

remittance,

seemed
the low

travelers' credits,

with

long

bills,

don making

these

to

settlements

discount

for

generally

be quite

preferable

di'afts

for mercantile

inquiry

rates
to

met
Lon-

at

The

short.

only feature of interest during the week was the rise in
discounts

2f per cent and at 2 per rate
banks and trust companies don.

at

exchange

for

at

Paris and a
at

two centimes in the
the French capital on Lonfall 'of

These movements Avere, however, regarded
On Monday as of only minor importance, for they were reported
loaned at 2 J per cent as the minimum.
loans were at 2^ per cent and at 2 per cent, with the to be due to preparations for the negotiation of the TurkOn Tuesday and ish loan at Paris and also to temporary tension caused
bulk of the business at 2^ per cent.
were
at 2^ per cent and at by the Moroccan incident.
Though there appears to be
on Wednesday transactions
cent, averaging

2J per cent

;

2^ per cent, with the majority at 2^ per cent. On
Thursday loans were at 2f per cent and at 2^ per cent,
with the bulk of the business at 2 J per cent. On Friday
transactions were at 2J per cent and at 2^ per cent, with
demand for
the majority at 2^ per cent. The
time contracts on good mixed Stock Exchange collatfor
periods
up to six months was small,
eral
and rates for sixty days were 3 per cent, for
three to four months S^'SS^ and for five months
SJ per cent. There was a good inquiry for loans for six
months at 3^ per cent and for seven to eight mouths
at 4 per cent ; foreign bankers were among the chief

a large short interest in the market, the result of liberal

lenders for six months^ employing the proceeds of finance

long to 4

and of speculative sales of exchange, bankers do not seem to be at all apprehensive of
undue activity or strength when these drafts shall madrawings of finance

bills

ture unless something

now

unforeseen shall occur to de-

range the monetary situation and cause precipitate

Oold received

ering of the overdrawn exchange.

Custom House for the week, $76,131.
Nominal quotations for sterling exchange

covat the

are 4 85^'®

Rates for
actual business opened on Monday at an advance, compared with those on Friday of last week, of 10 points for

4 86

for sixty

day and 4 87^'2'4 88

8510®4

for sight.

8520, of 5 points for short

to

4

87®

Commercial paper 4 8705 and of 5 points for cables to 4 8 730® 4 8735.
continues in good request, but the offerings are insuffic- The market was steady and entirely unchanged as to
Rates are 3J'S)4 per cent rates on Tuesday and on Wednesday. On Thursday the
ient to meet the demand.
for sixty to ninety day endorsed bills receivable, 35®4J only alteration was a rise of 5 points for cables to
per cent for prime and 4J®5 per cent for good four to 4 8730®4 8740. The tone was firm on Friday at an
six mouths' single names.
advance of 5 points for long and of 10 points for short.
The following shows daily posted rates for sterling
The Bank of England rate of discount remains un- exchange by some of the leading drawers.
changed at 2^ per cent. The cable reports discounts of
MON.. TUES.. Wki).. Thitr.. fki.,
Flil..
Juim 9. June 12. June 13. 7«ne 14. June 16. Tvne 18.
sixty to ninety-day bank bills in London 2 per cent. The
86
86
80
86
86
4 8(5
(iO days
open market rate at Paris is If per cent and at Berlin and Brown
88
88
88
88
Brothers & Co. ISicht.. 4 88
86
66
86
4 86
86
5 00 days
Frankfort it is 2|'2)2f per cent. According to our special Barini;,
68
88
88
88
88
MaROun & Co. ISlKllt.. 488
86
86
86
86
86
4 86
cable from London, the Bank of England lost £155,983 Bank British
i 60 days
88
88
88
88
88
No. America.. 1 Sight.. 4 88
86
85«
85^
85!^
4 85«
S5^
bullion during the week and held £38,117,001 at the Bank of
5 60 days
88
87«
87
4S7>^
87,Hi
bills

and

sterling

and franc

loans.

5

close of the week.

that the loss was

Our correspondent
due

to imports of

further advises us

£93,000

£5,000 from Australia and £88,000 bought
market) and to shipments of £249,000 net
ior of Great Britain.

(of

in the

which
open

Fluctuations were within a narrow range, and indeed

H

4

of Commerce. ^SlKht..
HeUielbnch.Ick- 5 (SO days
elhelmer&Co. {Sight..

4

days

4

(Sight..

4

Lazard
Kreres

to the inter-

The foreign exchange market was exceedingly quiet
this week and the volume of business is very small.

5 (iO

Merchants' Bk. ( 00 days
JSiphi
of Canada.
.

4
4

SO
88
86
88
86
88

4 85!^
4 87'-<;

86
88
86
88
86
88

86
88
86
88
86
88

85'^

S7W

87 k.

80
88
80

8(1

88
86
88
80
88

88
86
88

85!.(j

85^

87 V.

87^^

86
88
86
88
86
88
86
88

The market closed on Friday at 4 8515®4 8625 for
long, 4 8710®4 8715 for short and 4 8730®4 8740 for
Commercial on banks, 4 8485®4 8495, and
cables.
documents

for

payment, 4 84^®4 8530.

Cotton for pay-

®4 84^, cotton for acceptance, 4 8485'2>
were without quo- ment, 4 84^
8530.
The ofierings of commercial bills against 4 8495, and grain for payment, 4 8520®4

for the greater part of the

table change.

^SlRhl..
Montreal
Canadian Bank 5 (SO days

week

rates

—
THE CHRONICLE.

JtJNB 17, 1906.]

^
f

2427

moyements of money different position. Under present circumstances, she'
can make war as easily as peace. To yield on any but
by the New York banks.
the most stringent terms would infer magnanimity, when
Shipped bv
Net Interior
Beeeived by
Movement.
r. Banks.
N. Y. Banks.
her Manchurian army clearly has in its grasp the great
«4,4e7.000
Gain. $2,048,000
?6,546,000
the first Eussian city which could b»^
prize of the war

following gives the week's

The

to and from the interior
Wtek ending Jtme

16, 1906.

IV.

Currency
Gold
Total

srold

With

and

the

legal tenderg.

846,000

649,000

$7,391,000

55.046.000

Gain-

—

297,000

taken from the enemy.

Gain. 82,345.000

Sub-Treasury operations the result

is

It

as

long,

is

Even supposing

tails.

Week ending June
Banks

Interior

movement

as above

Sub-Treasnry operations
Total eold and leiml tenders

...

Into

Out of

Net Change in

Banks.

Banks.

Bank

S;5,046,000

22.300,000

23,800,000

Gain. $2,845,000
Loss. 1,500.000

§29.691.000

28.846.000

Gain.

The following table indicates
the principal European banks.
Jwne

the

amount

posed that the terms

Jtme

Silver.

TotaU

the start

16, 1904.

Silver.

Gold.

France

Germany..

114.482,51?

40,380,000

Italy
Netherl'ds..
Nat. Bela. ..

it is

not to be sup-

be suggested by the two

What

Eussia would

offer at

What

not accept.

will ask for in the first place

Eussia will quite as

seen in the dispatches and in the

newspapers, such as those of Paris, which are friendly to
.34,444,077

44,317,667 158,800.184 111,835,377
13,460,000 53,840,000 36,373,000

45,266.051 157,101,428

12,780,000

49,153,000

8,058,000

92.874,000

6,373,000 111.276.000
13,086,000 60,787,000

84,816,000
46,987,000

13,997,000

60,984,000

22,077,000

36,893.00(!

14,740,000

20,241,000

34.981,000

22,445,000

3,638,400

86,083,400

22,045,000

8,999,300

26.044,300

6,783,900

6.216,500

13,000.400

5,476,100

6,593,800

12,069,900

3.222.66'

1,611,338

4.834,000

3,060,667

1.580.333

4.591,000

104,903,000
Rnssia
Aust.-Hun.. 47,701,000
14,816.000
Spain

to

Japan would certainly

From what we have

lotal.

34,444.077

38.117,651

38,117.661

first

terms,

on the part of

certainly resist.

£
EnKland....

to

ble distance of each other.

of bullion in

Sank of
Gold.

in discussing de-

groups of plenipotentiaries will be within any measura-

*845.000

Japan

15. 1905.

negotiations will be

the

entire willingness

each belligerent to come

Holdings.

S;7,391,000

that

and that much time may be spent

follows.
16, 1906.

already obvious

Eussia's cause,

we

should suppose

that the question of

indemnity stands in the centre of the controversy.
alleged, in fact, in

as

good a source of authority as the

''Economiste Francais," that peace was

immediately after

Mukden

a possibility

but for Japan's understood

Dispatches this week

ultimatum of a cash indemnity.

Tot. week... 392.851,745 110,779,900 503.631,645 359,777,221 112,465,484 472,242,705
Tot. prev... 392.559.761 Ul.022.56' 503.582.328 358.314,090 111.264.674 469,578,764

It is

and last have intimated that Japan will

—exactly

ask for one

what the Prussian
Government required from France in 1871 but that,
THE PEACE NEGOTIATIONS.
This week's details regarding the Eastern peace nego- granting other concessions by the defeated Power, the
tiations have consisted mostly of rumor and conjecture. exaction might be reduced by something like one-half.
thousand million dollars

So

far as the formal

arrangements

for

Two

a conference are

concerned, there has been evidence that they were mov-

tion

is

questions arise as soon as
considered.

One

is,

the

—

this

indemnity ques-

right of the

Japanese

ing forward. This was, indeed, to be expected when the Government to exact it; the other, Eussia's capacity to
^Russian Eoreign Office has shown itself in favor of a pay it, and its economic effect on the financial situation
peace arrangement, even in the face of opposition from in and out of Eussia. It is admitted that exaction of an

At

Washington had been indemnity by the Power which declared war in the first
The ^'Econoa compliment, place is, in the main, a novel precedent.
selected as the place for the meeting
perhaps, to our Government's position in the negotiation, miste Francais," to whose article we have referred albut also a selection of one of the very few cities in the ready, takes the broad ground that demand of enormous
world against which some positive objection could not indemnities from a defeated Power are, under any cirThis
cumstances, a demoralizing influence of the day.
be raised.
The floating rumors of the week have repeatedly been position involves some large considerations; suffice it
unfavorable to a successful issue of this conference. They here to say that if an indemnity payment ever could be jushave been based for the most part on what seemed to be tified, it is unquestionably warranted in the present case.
a shifting attitude of the Eussian Government. For inJapan, it is true, was the first to make formal
February.
But it was
last
stance, while the Japanese Government fully and readily declaration
of war
acceded to the suggestion that plenipotentiaries should not Japan which provoked the war; it is perrepresent it, Eussia consented with the qualification that fectly well understood that the Tokio Government
its assent was " in principle " only, with some not very took this step only when Eussia, with her characteristic
obscure hints that the plenipotentiary would be required insincerity, had shown that while she would yield in no
to report back his terms for approval at St. Petersburg
respect, she was sparring for time to put herself in ahe
was
at
not to be a plenipotentiary
in other words, that
more powerful position. There is, first, the consideratruth
impossible
to
say
just
much
of
is
how
all.
It
tion that the Eussian Government, by its wholly unjustithere is in the inference that Eussia is playing fast and fied moves at Port Arthur and in IN^orthern Manchuria,,
Her repu- quite as much made this war necessary as if St. Petersloose at this stage of the Eastern episode.
tation stands against her, as it does in the case of burg itself had declared hostilities and made the attack
every nation and of every individual who, hav- upon Japan. We regard the situation as one in which a
ing once before broken his word, will not be trusted un- money reparation, for the expense to which Eussia's
This is, at conduct drove the Japanese, is justified by all reason and
less he has given some hostage to Fortune.
the
attitude
of
Japan.
The
response precedent.
clearly
all events,
The question of how the indemnity will be paid i»
of that Government to these signs of vacillation or trickIt consisted in likely to cause some interesting controversy.
ery at St. Petersburg was characteristic.
St,
armistice
until Petersburg dispatch this week, citing a Eussian Unito an
of consent
a withholding
Eussia should be absolutely committed and in an versity professor and writer on political economy, argued
immediate forward movement of Oyama's army. This that Eussia's poverty, and the difficulty with which its
was a useful illustration of the fact, which every one last domestic loan was floated, simply prove that a war
ought by this time to recognize, that however grave may indemnity of the reported magnitude would ruin Eussia.
be Eussia's need of immediate peace, Japan occupies a Thia was assumed to be the casft oven if Eussia were to
the Court party.

last advices

—

A

I

—
THE CHRONICLE.

2428

Against

raise the requisite capital abroad.

sion shoukl be placed the

this conclu-

which there appears

fact, for

to

be reasonably good authority, that the French bankers
stand ready to advance the necessary funds if Eussia agrees

much

(YOL. L3L5Sr

';

and deserves close examination. Suppose
such an aftair had occurred in the case of service di-

ial

interest

rected an»i furnished by

some corporation under private

Oan any one doubt

control.

that the sensational press

would have ^^ited tlie incident as going to illustrate the
of Kussian credit and her ability to pay the added in- ills and evils connected with corporate management!
terest on an indemnity loan are still accepted as facts by How their demands for legislative action to repress corThis attitude of the French finan- porate action and corporate undertakings would have in-^
the Paris financiers.
French
investor
toward the Russian Gov- creased! Every advocate of municipal ownership would
cier and the
ernment is undoubtedly peculiar it has been a most have used the occurn,^nce as an argument to show that
This

to peace.

is

as

as to say that the soundness

;

puzzling
all

phenomenon

war broke

the

since

allowance, however, for a peculiar situation,

fair to

say that

finance a

if

these

may

it

it is

but

show willingness

capitalists

war indemnity,

With

out.

to

be taken for granted

the condition of things under corporate control

was

get-

ting intolerable and world have insisted that the only

refuge for the people was in having the

way

take over the thing in a whole-souled

Government

for the benefit

and the interest thereon of the entire community then every employee would be'
paid hereafter. "We shall doubtless have more to say animated by a desire to promote the public weal public
later on, when definite details are at hand, as to the spirit would be the dominating influence, and nobody
probable influence of a large loan of this sort on the would any longer have any reason to complain.
that the indemnity will be raised

;

As

world's financial markets.

Aside from the more or

less conflicting reports regard-

ing the peace negotiations, there

a matter of

fact, it

is

inwnceivable that any such

thing could have happened under private

management

one factor in the as the incidents which developed in connection with

is

last

from which real encouragement may be de- Sunday's break in the water main in a department of
The fact that the Eussian Government, under service directly and exclusively under municipal control

situation
rived.

the stress of

its

idly with its

present circumstances,

is

proceeding rap-

grant of reform to the Eussian people,

unquestionably reassuring.

Such

tion of Finnish as the ofiicial

abolition of the

special laws

is

details as the restora-

language in Finland, the
illegally introduced

by the

and management.

Consider the precise

At

facts.

a

Sunday afternoon a forty-fiveinch water main burst on the west side of Park Avenue,
between Forty-first and Forty-second streets. The Department of Water Supply was at once notified. But it
is a well known fact that public bodies move slowly and
past

little

three

o'clock

Czar into that country, and the large grant of
the
to
Poles
and
So great delay ensued. In the
political
power
Jews, are with great deliberation.
what
may come hereafter. "We meantime the water was flowing in perfect torrents
an earnest of
are confident, however, that the Eussian people have now through the roof and sides of the Subway and rapidly
last

was found impossible to get at
that these reforms will be permanentj and the only pos- any of the higher officials of the Water Department
sible security for that is a national legislature.
Much only very minor subordinates being in charge. Nobody
will be heard on this phase of the question when the war seemed to know where these higher officials resided or
where they could be reached. The Interborough Eapid
is ended, and we shall see to what extent the saying is
a private corporation had no such
true, that as the Americans in 1776 fought England to Transit Company
General Manager Hedley was soon at the
preserve the liberties of Englishmen, so Japan's victorious difficulty.
sufficiently

grasped the situation to demand some security

filling the

tunnel up.

It

—

resistance

to

Eussia has broken the shackles of the

Eussian people.

scene

of the

—

about endeavoring to

accident, hustling

and devising safeguards for the proAfter an hour had elapsed and
tection of passengers.
there was no evidence that anything was being done, he
called up the Water Supply Department in person on

relieve the situation

PUBLIC UTILITIES AND TEE WATER-MAIN
ACCIDENT.

the telephone to urge haste.

The bursting of the water main on Park Avenue last
Sunday afternoon, with the interruption to the city's
transit facilities which it occasioned and the glaring inefficiency and incompetence which it revealed in one of
the city's departments, teaches some lessons bearing upon
the character of the work done by public departments
that should not escape notice.
The matter is of great
importance in this aspect because the trend of popular
agitation and public discussion seems to
tion of enlarging the

ting our cities to take

be in the direc-

functions of government

up much

—

of get-

He

quoting from the report given in
that a

and

was informed (we are
the jS"ew York "Times")

"gang of men" had been sent

correct

to find the trouble

it.

After a delay of another half-hour the "gang of

men"

appeared in the shape of two laborers in a Department

wagon.

They dawdled away a

lot of

time, shutting off

the water from several small supply pipes, but did not

know and could not find the
Water kept pouring
main.
5:40 o'clock a

gate
into

controlling

the big

Subway

until at

the

loud explosion at Forty-first Street indi-

work performed cated that a short circuit had been formed with the reand supported by sult of an extensive blowing out of fuses, as a conseprivate capital.
Our municipalities have long furnished quence of which the Subway began to fill up with smoke
their inhabitants with a supply of water.
Why not have and gases. Instantaneously the power was sliut off" and
them go a step further (so the argument runs) and the running of all trains between Seventy-second Street
take over all so-called public utilities— furnishing and the Brooklyn Bridge had to be discontinued. Some
gas and electricity lor lighting and heating purposes and of the passengers on tlio trains had narrow escapes from
assuming the ownership and operation of street railways suffocation. General Manager Hedley did not relax his
and other facilities relating to urban and iuterurban etlorts, and as a result of constant hammering finally retranspoitation.
ceived assurances from the Water Department tliat a
It is in this aspect that last Sunday's accident, \vith
"relief gang" had been sent out and that soon everything
the attendant misfortunes and discomforts, possesses specwould be set right. Despite these assiirahces, however;
of

the

by corporations under private control

June

THE CHRONICLE.

17, 1905.]

received no

the two laborers had

continued

grope around

to

in

reinforcements and

an aimless, hopeless

2429

done in case defects developed, and nothing to indicate
where the important gate was located or where maps
could be found indicating

fashion.

As ithappened, knowledge with

reference to the location

its

We

location.

sure

are

that such stupidity, such gross carelessness, such glaring

such unpreparedness, such utter disregard of

of the gate controlling the supply of water in the broken

inefficiency,

came from an outsider. Thomas Crimmins,
brother of John D. Crimmins, and himself a contractor,
heard while down town of the break in the main, and at
once proceeded to the Grand Central Depot and communicated with one of his foremen, who fortunately was
This was after
able to give the desired information.

consequences, cannot find a parallel anywhere in private

main

finally

By

seven o'clock.

that

time the foreman of the "high-

pressure gang" had arrived with

half a dozen

laborers,

and with the knowledge obtained from Mr. Crimrains's
foreman they proceeded to the northwest corner of Fortysecond Street and Third Avenue, took up a gate cover,
and closed the gate. The flow of water immediately

management.

Mayor McClellan, who
usual amount of common

man

a

is

sense, has

possessed of an un-

made an

excellent

suggestion to guard against a recurrence of similar de-

He

lay in the future.

has requested the Commissioner

Water Department

of the

with the Fire

to confer

Com-

missioner with the view to having the commanders of
fire

companies familiarize themselves with the plan of

the supply pipes of the city, thus enabling the firemen

though,

Eeally,

sary.

when

flow of water in the mains

to shut off the

involving re-

suggestion,

this

neces-

was then nearly eight o'clock, and over four and course to the services of another public department,
So much water had flowed makes the inefficiency of the Water Department all the
a half hours had been lost.
We notice that the Water
into the Subway that no trains could be run between more plain and palpable.
Forty-second Street and Fourteenth Street until Tues- Department is seeking to fix responsibility for the de
day morning, and through service was not resumed until fective main upon the Rapid Transit Commission. We
that time.
know nothing as to this, and it would alter the situation
ceased.

We

It

say

inconceivable

is

it

such a thing could

that

happen under private management. Even if the higher
officials were away (which might very likely be the case
seeing that the time was Sunday), at least a few competent persons would be
just

what

to

left

made beforehand

be

for precisely

such

would be ready and available for use. We
this would be the method of a private corporation, for
the dictates of self-interest would allow of no other
The liability to loss and the possibility of damcourse.
age claims would be so great as to enforce vigilance.
Aside from such considerations, however, evidence of
unforeseen occur-

the readiness of private enterprise for

furnished to the senses

every week in the year.

Accidents on the railroads are dealt with with the same

on Sunday as on any other day.
In the same way telephone and telegraph wires, if blown
down by a storm or rendered useless in some other way,

promptness and

facility

And

to this responsibility

should not be allowed to obscure the main point at issue.

This point
off

is

simply that instead of the water being

promptly, as

break,

it

it

should have been, on notification

took four and a half hours before the

gate controlling the supply into the main was actually
closed

remedy.
It

unnecessary to pursue the subject any further.

is

The whole affair simply furnishes new proof of
wisdom of delegating any additional fuactious
least,

the unto

gov-

All experience teaches that in this country at

ernment.

whatever

may

be the case in other countries,

government never does work as well as do private persons, even though these private parsons take tlie form of

The

large corporations.

reason

In public undertakings there
bility that exists in private

though the day

interest,

these illustrations might be multiplied

amount

are repaired with equal dispatch, even

be Sunday.

discussions as

that

It

and that no one in the Department seems to have
aver that had any idea what to do or where to go to apply the

else

is

important

know turned
Ample of the

men, maps, supplies and everything

contingencies, and

ences

is

charge who would

in

do in an emergency of that kind.

provision would

in no degree if responsibility finally did lodge there.

is

is

perfectly

not the sense of responsi-

enterprise.

no accountability, and there
of red tape

(some of

obvious.

There
is

is

no self

an unlimited

quite necessary to prevent

it

almost indefinitely.

fraud and abuses), which militates against

The explanations which the various officials connected
with the Water Department have made since the acci-

In the case of a corporation the directors can at once re-

full efficienc}^

manager or official who may be responsible foi*
dent present the matter in an even worse light than the trouble and he in turn can (if he finds that a suborappears from the above narration of the circumstances of dinate is at fault) displace those below him wh>
It seems that the defective main had not
may have been derelict.
In the case, however^
the case.
action
of
this
kind
previously been in use for some years
that it had of
official,
a
public
is
damaged
the
time
of
exploat
the dynamite
of fixing
accountbeen badly
necessarily
slow,
the
process
after
the
sion that killed Major Shaler, and that no water had ability difficult,
and even
delin(iuents

move

the

—

been allowed

to pass

Sunday morning

We

repairs).

old one, with

through

since until 12:30 o'clock

it

some necessary
the main was an

(after the execution of

are told, moreover, that

only a four-inch

hub, whereas

the later

ones have eight-inch hubs, and that this should have enjoined extra caution on the part of the

ment.

It

seems

to

Water

after extensive repairs to keep a patrol force
for twenty-four hours,

Dei)art-

be the custom of the Department

and

in this case the

on watch

circumstances

have been discovered
discharge.

Just

likely

as

frequently prevents their

politics

as

not, too, if

they be dis-

charged, the Courts will reinstate them upon some technical

ground

after

a

long

Water Department and

period of litigation.

The

the Post Office Department are

most often referred to as indications of the success of
government work. This week's experience shows what
the conditions are in our city Water Depurtinent, and
the long

list

of cases of prosecutions for dishonesty in the

were such that wise precaution would have suggested

Post Office Department, which have been taking up the

keeping watch

time of the

for four or five days.

patrol remained

departed, leaving

on duty

less

Instead of this the

than five hours and then

no instructions as

to

what should be

Courts the

courages confidence in
of that

last

the

branch of the service.

twelve months, hardly en-

soundness and good conduct

y

THE CHRONICLE.

2430

JEIJ STATEMENTS OF TEE YANDEEBILT

EOADS.

[YOL. LXXX.

smaller extent by changes in the iron and steel industry

than

with the Pennsylvania system, which

the case

is

and

gridirons the iron

The Kew
Western roads have this week submitted returns for the
the results for the current
half-year ending June 30
month being of course estimated. The figures are inter-

York Central and several of the Yanderbilt

—

€sting as showing the course of trafiBc and earnings on

Pennsylvania and

steel districts of

the Middle West.

The

Xew York

Central system, both east and west

oi

an advantage, the same as other

Buffalo, no doubt got

East- and- West trunk lines, from

the larger grain move-

The wheat shipments,

to be sure, were smaller,
owing to last season's wheat shortage, but the loss here
naturally attracts was more than offset by gains in corn and in some of the
Two encouraging features appear on an other cereals. However, while the grain movement as
<shief attention.
examination of this half-yearly statement. In the first a whole was ahead of that of last year, it was by no
place a material improvement in the gross receipts is means equal to that of two years ago.
Taking as a
very
that
a
place
it
is
found
in
the
second
and
disclosed,
guide the seaboard grain movement, we find that the
-substantial amount of this gain has been saved and car- receipts at these seaboard ports for the period from JanStated in brief, gross uary 1 to June 10 amounted to 89,959,988 bushels in
ried over as a gain in the net.
earnings were $2,762,900 better in the sis months of 1905, against 68,785,750 bushels in the corresponding

ment.

an important body of roads.
The New York Central statement

months of 1904c; in the period of 1904, but as against 130,464,190 bushels in
case of the net there has been an improvement in amount the same period of 1903.
There was a further advanof $1,667,500. Fixed charges were considerably heavier tage in 1905 in the absence of an adverse influence
in 1905, while income from investments diminished to which had proved extremely disturbing in 1904.
We
some extent. The final result, however, is a surplus refer to the Masters' and Pilots' strike, which paralyzed
above charges and the sinking fund in amount of $3,- lake shipping for six Aveeks in 1904. These lake lines

1905

than

in

the

first

six

for the half-year in 1905, against only

110,900

$2,482,731 during the season of navigation constitute important
In other words, 2-35 per cent tributaries to the trunk lines, and there was of course no
the stock in the six months of 1905, as extraneous influence of this kind this year.
On the

in the half-year of 1904.

was earned
against

onlj'

for

1*88 per cent in the six months of 1904.

The dividend having been 2^
period, this

means

that

the

per cent in each half-yearly

company

fell

only $195,300

other

1905

hand there was no

special stimulating agency in

to swell the passenger traffic of the

arose during

May and June 1904

roads, such as

from the holding of

meeting the dividend requirement in 1905, the Louisiana Purchase Exposition at St. Louis. The
against a shortage in 1904 of $823,518.
We presume weather during 1905 was by no means ideal, but it Avas
the fact is known that the six months to June 30 con- somewhat less severe than the winter of 1904, when the
short of

stitute the poorer half of the year.

It will

lines

In

gain

is

New York

encountered unprecedented

no doubt be urged that the present year's gain snow.

amounts simply to a recovery of what was
large

in northern

measure

this is

none the

less

true,

welcome

on

As

lost last year.

though obviously
that

the

account.

far as the

cerned,

the

Vauderbilt Western properties are con-

returns

the

of

Lake Shore

&

Michigan

Southern and of the Michigan Central both reveal the

Oonditions in 1904 had been extraordinarily unfavorable,

usual

in part because of phenomenally adverse weather, in part

gross earnings, both

characteristics; that

is,

while

both

show gains

in

show an augmentation in exfrom other causes. It is well enough, however, to point penses nearly equal to or in excess of the improvement
out that, at least as far as the gross earnings are con- in gross. It is not possible to compare expenses in
cerned, the 1905 increase exceeds the 1904 decrease. these instances with the figures preceding last year, beThe falling off in 1904 was $2,227,194. The present cause the basis has been changed, taxes now being inyear's increase in the same item is $2,762,900, showing cluded with fixed charges, whereas in previous years
a difference in favor of 1905 of over $535,000. Stated they formed part of the operating expenses. As a matin another way, gross now is $39,235,700, against $36,- ter of fact, the changes in expenses would possess little
472,802 for the six months of 1904 and $38,699,996 for significance in any event, since on these lines it seems

We

1903.
that in

lay stress on this fact

because

it

indicates

to

be the policy to

1905 the Central's gross earnings were the the course of the

also

adjust

gross, the

expenses in accordance with
plan evidently being to de-

In vote pretty nearly the whole of the earnings to repairs,
the net the present year's improvement does not amount renewals, improvements and additions, except enough to
to a full recovery of what was lost last year, but never- provide for fixed charges and the customary dividends—
theless the total of the net is close to that of two years at the rate of 4 per cent per annum on the Michigan
ago, the present amount being $11,061,800, against Central and at the rate of 8 per cent per annum on the
largest ever reached in this period of six months.

$9,394,311 in 1904 and $11,276,072 in 1903. Fixed
•charges of course were heavier than in 1903.
need hardly say that traffic conditions in 1905

We

Lake Shore.
have

lost

The Michigan Central

in gross appears to

have gained ouly
Contrariwise, the Lake Shore liad
at all in 1904, but rather had had a

$788,132 in 1904, but

to

$211,414 in 1905.
General sustained no loss
had been gain of $117,364, and

were on the whole decidedly encouraging.
trade was good and active where in 1904 it
for 1905 is able to report a further
dull and declining.
In the iron and steel industry the addition to gross earnings in tlie large sum of $1,02 7,contrast was of course particularly marked, that industry 851, of which $1,008,772 has been consumed by inhaving been in a state of much depression in 1904, creased expenses, leaving $19,079 gain in net.
whereas in 1905 the output has been enormous and unprecedented, notwithstanding that the last few weeks

Besides the Lake Shore

&

Michigan Southern and

Michigan Central, returns have been furnished this
reaction has taken place from the previous week for the half-year for two of the minor Vauderbilt
xtreme buoyancy. It is to be noted, hownver, that Western lines, namely the Lake Erie & Western and
the

somewhat of a
traffic

on the Vauderbilt lines

is

allccted

to

a

much

the Indiana Illinois

&

Iowa.

For the Cleveland Ciu-

—

—

June

St,

months

for the four

&

Chicago

&

we have

Louis

Kew

April 30, and for the

to

April.

bring together in the following the figures

1905.

latest re-

1805.

1C05.

1904.

Jan.l to June SO— $

N.Y.C.&H.R
L.Sh.&M.

$
39.235.700 36,473,808

So.. 18,166.097 17,138,243

Mich. Central.. 10,676.886 10,465,472
L. E. AWest... 2,'i77.834 2,3-.i5,128
Ind.ni. (fclowa.

Expenses.

,

925,882

>

1904.

—

193J.

1906.

e
28,173,4)03 27,078.491
18,848,0^8 12,837,2^6
8,521,132 8,277,166
t

$

$

11,061,800

9,39J,31!

4,320,039

4.300,!iH'

2,15^,' 51

2.188,3'"

1,687,3>;2

l,743,fl50

590,472

581.5'

683,819

649,(37

241,4 3

1^8,4.8

888,056

Inc. or Dec

1904.

.11,860,721 101,474,716
0,Vi02,218

per. exp...

Net eam's 31,95?,50

yet Earnings.

,

eam'H

ross

Total
n,281,819 67,239,803 52,915,291 60,5t6,230 18.366,528 16,663,573
Jan. 1 to Apr. 30—

April 30.

1 to

(96 roods.)

1905.

(ne.or Dee.

19C4,

74, '.'82,231

t-7,333,006 125,017,2B5 403,7C2,33- (-21314957
+5,filB,P^7 310,654,193 29-3,1 e2,010+l4i724i3

.'i0,182,"sf

-|-1,7C6,01*' I14,'i6?,(!02

for these

several roads for the last two years.
Gross Earnings.,—\

January

(93 roadt.)

York

turns are for the quarter ending March 31.
To afford a
general idea of the showing for the combined lines, w«!

,

2431

as yet figures only

Louis and the Kutland the

St.

)

,

THE CHRONICLE.

17, 1905.]

^nnati Chicago

S

107,520,2 8 +8,S4'.',504

On the roads contributing returns the increase in gross
earnings over last year amounts to $7,386,005, or 7-07
per cent, and the increase in net earnings to $1,766,018,
or 5-84 per cent.

gross the

It should

1905 gain

Indeed, the falling

loss.

be understood that in the

much

very

is

larger than last year's

1904 was only
$1,736,723, as against the present gain of $7,386,005.
In the net, however, the gain now of $1,766,018 comoff

in gross in

Cl.C.C.&St.L. 6,543.870

6,lf-5,194

5,362,886

5,098,403

1,181,285

l,086,7lil

Peo. & Bast.
887,308
Jan. 1 to Mar. 31—
l?.T.Ch.&St.L. 2,195.391

988,983

695,174

784,673

192,128

221,310

pares with $2,540,351 decrease in April 1904.

2.081,033

1.775,F,05

1.665,780

415,259

495,013

480,4S7

371,719

395,927

419,886
123,294

Grand total,. 81,4 03,226

76,975.456

1904 the month of April showed large increases in gross
and net earnings alike for many consecutive years, as

.

ButlandRR....

From

the foregoing

61,120,104 58.501,013

it

94,510

20,283,121 18.474,443

appears that (for the mixed

periods given) aggregate gross

earnings

for

1905 were

181,403,225, as against $76,975,456 for 1904; aggregate
expenses $61,120,104, against $58,501,013, and aggregate

net earnings

The improvement

$20,283,121, against

in this last instance,

it

$18,474,443.
will be seen,

$1,808,678, of which $1,667,480 has been contributed by
the

Kew York

furnished the

Central

The Central

itself.

also has

bulk of the increase in gross earnings,

fiscal

year has recently been changed and

ends with December instead of with June.

'tar

roais.

months counts

as that

much

and net

gain for the

for

new

current calendar year.

GROSS AND JSUT UABNINGS FOB APRIL.

Year

Qiven.

I'receMng.

inereatt or
Oecreatf.

14,454,62

t
14,657.119

-172,493

14,974,156
15.695,82-

-1-3,045,233

64,751,130

54,704,841

H-46,28fc

15,419,76,'-

)8(13i

63,443,166

55,427,91!-

f8,015,248

i8,74),«6(

I
-|-841.76f

t
-f

415,813

»9(1L4

68.857,884

t4.833,2GC

+3.469,6^4

20,458,8; 3

19,119,e0(

-f-l,£3a,229

)0(127

78,077.472

68.313.03"

-9,764,144

23,300,03

20,4ia,81<

-^2,8':3,^^l

01(137)

04,439,377

84,331.412

10,107,98J

29.511,Mi

24,975,166

-1-4,535,945

-9,l»38,13t'

31,860,131^

Si7,i:91,lU

-f?,339,010

.•«.892,9.f:

-t-4.104,169

•1,766,018

100.682,3C0

1

91,394,lf!4

,

107.617,310

84.178,42.

04 (96

98.798,674

100,533,597

-1,736,723

28.562,276

29,78S,8i0
31,092.62t

'06 (98

lll.8e0.72)

104,474,7ie

t7.3S3,C0i

Sl,958,60c

a0.192,4:6

+-13,344.83'

-?,t4:,861

to April 30.

1

98(182

fiscal or

PreeediiiQ.

Year

'7(127

^6(127)

the six

aiven.

Net Earning!.

Increase or
Decrease.

49,766,-03

><7(122)

ingly the improvement in gross

Year

t
50,608,669

Jan.

Accord-

Year

'fl(18S

)3(IC9

now

Qrots Earning.

&

-Vo. o;

'2(120

though the Lake Shore, as noted above, also contributed
over $1,000,000 gain. It may be recalled that the
Central

from the following table carrying the comparisons back to 1896.
will be seen

AprVL.

is

Prior to

201,819,13
231,425,801

190,463,45;

-11,332,671

58,892,1:9

51,370.21:

+4.621.934

234,554,85.'?

-3,129,05^

''2,323,362

60,881,592

-(-1.941,770

63,167,6cl + 18.836,961

248.904,311

217.893. \ 12 +31,511.12fc

76,303,632

^9(122)

865,588,24

78,fi£a,13i

78.038,40(

00(185)

308,941,Oi.)

261, 634, c 57 1-10.903 .8-!
:64,634.61i 1-41.256,386

98,220,034

78,629,68;-

01(127)

872,154,171

338,669.007 -t-36,8S5,16l

08(117)

386,082,50.

361.929,975 1-24,102,532

<

03(108

408,133,197

360,908,31)

•04 (95;

378,234.461

381.t07.3l'

'06 1961

425,017,29{

+

-h9:7,731
17,890,351

20.760.379 104.321.8% » 18,428,519

1.0,314,517H4,842.04-

i-47,134,3!)e 119.fi80.863|110,6ai.0.3e

-1-5.472,500
-1-9,819,087

-3,f62,85ti

97,9=9,818 112,S92,57(- -14.533,260
403,702.33.'- -1-21,314,957 114.362.802 107.520,291-6,842,504

If OTK.— Neither the Mexican roadB nor the ooal-mlnlnK operations
of
compilations of the gross and net earnings of the antbraoite
coal roada are Included In any of these totals.
United States railroads for the month of April reveal reAs last year most of the separate roads were distinsults about as expected.
There is a quite considerable
guished for large decreases, so the present year the chief
improvement in gross as compared with the correspondcharacteristic is the large gains displayed.
The deing month last year, and a somewhat more moderate
creases are comparatively few and unimportant.
In
improvement in the net. Conditions were markedly
fact in the case of the gross there are only two for
more favorable than a year ago, but on the other hand
amounts in excess of $30,000. In the net the numthe fact must not be lost sight of that there was one less
ber is somewhat larger, due to the augmentation in the
working day the present year April 1905 having conexpense accounts.
have brought together in the
tained five Sundays, as against only four Sundays in
table we now present all changes, whetlier increases or
AprU 1904.
decreases, in gross and net alike, for any sum over
Last year in April there were many adverse condi$30,000.
tions and influences which combined to reduce traffic and
PBINOIPAL OHAHOKB IN GROSS BABVIHQB IK APRIL.
Inactivity in trade, a small grain movement
revenues.
Increases.
Increases.
,9onth. Pacific System.
$"94,900 Clocking Valley
at the West and a small cotton movement in the South
$77,516

Our

—

We

backwardness of the season, the miners' strike
Colorado, severe storms and exceedingly wet weather

the

in

PennsyL KR. (3 r'd8)t
Onion Pac. By.stem...
Mo. Kansas & Texas..

in

^t!'hl?B^&'&&a'F ^^

76I,P.OO

622,655
4«3,698
377,618
833,951
328,034
288.834
336,723

Uenv. & Rio Grande.
Rio Grande West. J
Colorado & Southern,
i.'ln.

N.O.&Tex. Pac.

M. Y. Ont.

'

ohio^Mii^Sfst

I

|u,n^''^nt?ay'!""'

Ilo'su

&. Western.
Ohlc.IndpIls&Loulsv,
Kansas City Southern
W. Jersey <fe Seash.. ..
'.«hlgh VaUey RR....
Minn, & St. Louis.....
Iowa Central

were quite generally favorable. The cotton movement
?,^^yme & NaXm"^
in the South was of notable proportions (the receipts at
aorfoik'dfwestern^'"
the Southern outports aggregating 686,558 bales, against

zii.'ist

Alabama

the

Southwest— these were among

Of the unfavorable agencies at

more conspicuous
time.
The present

the

that

year conditions and circumstances, as

already

j

stat-.^d,

^ou^hera^Raui^/!...

¥SS"'

|

only 168,016 bales, and the shipments overland by

bemg 167,044
°

,-rr

'

^

bales,
,

.

against

as
,

,.

36,610 bales),
-"
.

^Saman^Pao?f.o*®"^'
X*5??,* ,^l?Li*i^®^"

rail

while

*^"*^"®*^¥°i-.
seaboard
Air Line....
i^ntraiof Georgia....

211,271
201,313
188,86a
180.098
167.639
132.617
104.909
^^'^^*
96,966
96,o78

62,368
61,608
56,716
56,251
52,650
52,132
48,900
47,212
45,583

Gt. 8'th'n

34,9.'i7

32,301
31,S17
30,418

...

Chesapeake A Ohio...
Georgia RR
Total

(representing

39 roads)

$7,165,244

Decreases.

Peoria & Eastern
Northern Central

$S8,C99
39.900

Western roads (treatmg
ijot the bene° them collectively)
^
•'/ o
^ ^
Lonif Island
94,4::i5
Total (representing
fit of a larger grain movement.
92,040
General trade, of Phil. & Reading RR.*.
2road8)
$107,939
- These llKures are for the Railroad Co.;
course, was of larger volume than in 1904, and the tonthe Coal & Iron Co. reports
an Increase of $ltO,3;<!8.
nage derived from the iron and steel industries was of
These ttgares cover only lines directly operated east and west of
Pittsburgh and Erie. Tlie gro8,s ou Eatjtern lines Increased $487,400
immensely greater proportions.
I

'

*^

!

.

j

t

and ihB erods on Westerr

iltif.n

moreased

.<fi27;^.9co.

—
.

—

1

PKINOIPAL OHAHQEB IN

NET

Increaaes.

BABNING8 IN APRII^.
Increase*.

8t. L.

Unlou Paclflo System.
Kock IsUmd System..
Baltimore & OHIO
Seaboard Air Line....
Mo. Kana. & Texas...

313.19^
-'88.53/

}j:]-^l^
124,46(-

120,Soi

Oanadlan Paolflo
Sonthem Railway

Louisville

S.->.7.'58

Chicago
Georgia

& Nashville

°'i-yj'
'79.300

&8.8t.M.

72,796
68,300
64,b'9f)

60.644
60,32:<

BuffaloKoch.A Pitts.

& Ohio

^7,2.0
56,502
43,61«
43,092

Central of Georgia
lUlnois Central
N. Y. Ont.& Western.

<Sc

Mobile Jackp.* K.r
N. Y. Cent,

Alton

RR

Decreases.
Pennsyl. RR. (2r'ds)t

^^orthem Paclflo...

These

In

^987
9,33^189

27,638

«,338,55i

p. o.)

this -way it will

be seen the final increase reaches

$9,358,551, or 7-35 per cent, the aggregate of the gross
for April 1905 being $136,595,868, as against $127,237,-

317

for

April 1904.

arrived at in the

A year ago our total for the month,

same way, showed only $3,389,777

de-

crease, or 2*67 per cent.

irewis

geograph-

ABOUT bawks. bankers and trust

CO'8,

week aggregate 441
—The public sales ol bank
shares, of whiah 99 shares were sold at the Stock Exchange
and 342 shares at auction. The transactions in trust comstocks this

of the

character

general

ical location of the roads, the

127,237,31

6,4e6
236.135
526.791
91,495
1,5C8

Figures here are for the four wetk.^ en "lag \prll 23.

IT

llt>.S,-0
Ol6V.Clii.Ohlo.&St.L.
106,100
Northern Central
67.«S0
Phil. & Reading RR.*.
5'»,04(>
Peoria & Eastern
32.60?
Or. Xruuk Sys. (3 rds).
Total (representuife
„„,„^.
$1,227,655
11 roads)

tlie

136,595,866

Total (115 roads)
Set inc. (7*35

832,58
236,160
64,i9
'

57,503

302.340
230.228

Wabash

to

3.573.99'-

801,07

Decrease,

f3-lP,'?0r'

Erie...

arranged in groups according

4,100,7ai

Toion. Ham.<feBufl.

flgiu-ea

When

6,319,977

287,6?:^

<fe

1133,243

6,6.'55,11

West...

Toi. St. L.

are for the Railroad Company; the Coal & Iron Cokpany reports a decrease of $131,507.
lines directly operated east and west oi
t These figures cover only
$177,600
Pittsburgh and Erie. The net on Eastern lines decreased
and the net on Western lines decreased 5(140,700.
•

M 39,7CP

& Hud R

T<?xa8& Paclflo

31.466
33,9»»
32,S3T

Total (rexneEentlng
$2,732,516
27 roads)

S^-^X.;

W. Jersey* Seashore.
Ohio. Mil. & St. Paul..
Norlolk <fe Western....
Mobile

$41,561
S6.30!^

^9.'lii

Atlantic Coast Line. .
Yazoo * MlRS, Vailey.
St. P.

)

Hooking Vall«y

H?'?'',:t

Long Island
Mtnn.

& San B^ran...
& E. IlUuois S

Chlo.

Increase.

1904.

1905.

April.

^^'^lZ Central of New Jersey

Louis Soutliwest...

St.

[Vol. LX.XX.

THE CHRONICLE.

243-2

improvement established the present year is strikingly
Every group records an increase in gross pany stocks reach a total of only 10 shares, and include 3
portrayed.
this
and every group also an increase in net with the single shares of stock of the Trust Co. of America at 770^,
sale
of
The
last
stock.
new
the first public sale of the
exception of the trunk-line group, which shows $894,988 being
the old stock was made on May 10 at 577.
In this last instance augdecrease, or 9-48 per cent.
nrevinut tale.
Fricz.
Banks— iVew For*.
Shares.
276i«
May 1905— 27C%
25 Amer. Exchange Nat. Bank
mented expenses have been quite a feature, and the
June 19C5- 20:.%
/.inri?<

Baltimore

&

Ohio

is

practically the only road

quence that has managed to enlarge its
aUKMABT BT QHOOra.

GBOTJP.
April.

Trunk Unea. (10
Anthr.

Coal.. '5

& Mid.CH)
Mid. West'n.ilS
Northwestern i
North Pac.di
Sonthweetern c
East.

South.Pac.,15

Southern

—

;'^5

t

t

32,514,461'

33,639,64.

Mexican
Jan.

1 to

Trunk

(4'

Apr.

9,43s,474

3.676,33

S,e57,4f

-894,988
-j-

18,880

{

.

948
0-5'.

4,000,OS7

3.697.7;;

9T6,U(V.

845,420

-|-1C0,640

15-45

6,843,661

6,i5e.64

l,450,iJ8-

1,318,76:

-fl3l,47i

990

15,506,77P

14,181. 6('.

5,392,930

4,747 ,1V4

-|-646,BCt^

1360

-1-1,010,75'

17-97

4693,1'lr

16-70

1

25,498,37 ^

22,SS9,41

C,820,E0-.

5,':80,7j4

18,78i>,54

17,110,S41.

5,088,95i

4.se5,5o-/

31,958,50b

30,192,4t-

I

1,412,458

1,766,0) ^

6-84

-H03,21-

11-82

4,518,91»-

1,076,67-

l22,682,0Bi? 115,2S9,f!T(

>7,??9H..l5i

^'5,3F3.57-.

+Z.eii.8i'

10-30

11,140,87

-f-l,6l,';,fU J

ll-7ti

?'

llnea.;l:
(&

22,194,69

SO, 179.1.-

ia,789,4H

& M;d.a4

14,3t:9.6S

i:(,32r,5y

y,874,"7

2,133,: 3'

+241.03

11-29

26,949,91

6,B31.071

«,533,6^i-

-1-97,44:

1-49

16,186,047

Anthr. Coal
Bast.

*

P.

$
8,5)3,4"

8,525,7-1

4,418,16:

Mid. West... (15) 27,596,7t5
North western i

North Pac. 12)
SoiithweBtem &
Booth Pac.(lf>
Southern ....i25

57,843,020

53.155.213

I8.941,8ti9

96,373,5!!:

;

3,352,62^

24,258,144

73,977,'; !^4

71,4ij8.16t-

iil,368,bOB

Total (»6r'd») 425,017,29i

Mexican

d

1 7,332,71 f

U

7

+2,755,83i

1703

—883,9i'8

2-74

21,200,18.-

-i-ie8,67S

0-7rf

3 702,33- 114,S68,!302 lo7,5i0.2faL-

46,842,504

6-36

-i-580,848

11-C9

17,i76,54t

6.818,275

Oommero". National Bauk
Hanover National Bank

Inc. or JJee.

8,764,916

Total cS6r'ds 111,860,7^1 104,474,71(

*14!:>

6,237,43^

of...

50 North America, Nat. Bank ol...
100 Oriental Bank
100 Union Exo.iango Bank
10 UnltPd National Bank
Trdst (X>MPANlEft— A?^cm) Fork.
8 Title Guarantee & Trust Co
2 Trust Oo. of Amer. (new stock).

net.

1904.

li05.

19C4

1906.

conse-

Net Saminfs.

Qrott Earning$.

Sbotiok oh

of

Of

this

amount 99 shares

20.5-2C9'8

500
240

Feb. 190.5—

529

'^50

May 1905— 240
May 1905- 25Cia

201
aO

Mar. 1905—

e67-(j71
77v ^4

Apr.

1906- 255

90

June 1905— 665
Flret sale.

-were sold at the Stock

Exchange.

—Baron Nathanitlde Rothschild, brother of the head of
the Vienna branch of the Rothschild banbing hou-e, died on
Tuesday after a lOBg illness. Baron Alphonse de Rothschild, the head of the Paris house, died, it uill be recalled, a
few weeks ago.
noted in these columns, the merger of the
Gansevoort Batk by the Fourteenth Street Bank, cf which
Mr. R. Ross Appleton is President, took place the past week,
Tne enlarged institution has now a capital of 1500.000 and

—As previouEly

be
deposits of over five million?. The GanssvoorJ; Bank is to
with
Bink,
Street
Fourteenth
the
of
continued as a branch
Assistant
P. M. Sayford as Cashier and H. F. Meehan
Cashier.

- ElwardP. Satch, Preaident of Lord & Taylor, Broadway and 20th Street, was this week chosen a director of the
Lincoln Trust Company, Madison Square, saeceeding the
The election of Mr. Hatch prelate James I. Raymond.
Lincoln
serves the high character of the directorate of the
appointed
was
B^iyles
Trust Company. Mr. Gaorge Jam-^s

Trust Officer.
In the foregoing we have been dealing -with the roads
-Messrs. Harir: y Fisk & Sons of this city will soon oomIn
that iurnish returns of both gross and net earnings.
house at
-.Eence erecting an extension to their new banking
companies
of
number
a
quite
since Auaddition, ho-wever, there is
62 & 64 Cedar Strf et, which the firm has occupied
which give out exhibits only of the gross. In the table gust 1904, by building on the adjaiiiag plot of ground at 58
is to be similar in dewhich lollows we start with the aggregate of the gross in & CO Cedar Street. This addition
s'gu to the present structure.
the above and add on these other roads, thus furnishing
—The quarterly report of the Unian Eishsnge Bank, Fifth
a total of the gross comprising every road in the country
Avenue &80th Street, shows that deposits have risen from
from which it has been possible to procure figures for the
June 7th, surplus
ji5,962,885 on Dec. 31 1904 to $5,954,581
The
month under review.
and profits likewise advancing frvom $517,913 to $577,079.
ROAD8 REPORTING «UO«{T RUT NOT NET.
bauk has a capital stock of $750,900 and total assets of ^8,Presidect;
2bl (!59. The officers are: Henry S. Herrman,
Increase. Decrease.
1904.
April.
1905.
Vice-Presidents;
Wile,
Hrbert H. Vredand and David
$
*
Bejiort'd above (91David Nevius, Cashier, and George B. Connley, A3sist;int

111,860,721

roadfi)

Ala.N.O. <feT.Pac.N.Ol•l.<fe No. East
Alal). ii Vicksb...
A'lcka. Hhrev. <feP

239,19.
-

lO.'i.ll;^

1* 9,»9'
4,-36<^,79-

10i,474,716 7,33e.00

180,148
94,377
10«,313
4,038,-. 6'

331. SSi
100,11

10?,30j

99,63:-

2,681:

3,038,03-

2,647.90)

388,737

Montana Cwntral.

211,254

nUnole Houthem...
Intern. &«t. Nortb
Macon it BlnnlnKb

19,13.

225,671
25,3 «t:

4.')2,0.'",'

352,l('«i

<fe

North West.

Chlc.at.P. M.,'zOin.
Detroit bouthern...

Great Northern-)
St. P. <b M. M...^
Eastof Minn.. )

Mo.Pacirtc HyHteiri
Central Branch.

/
)

86.t,67

10,51V

7,76^

3,274,88'.^

3,135,457

Comthe past three months the Guardian Trust
additions to its
pany, 170 Broadway, has made considerable
Vice Presidect,
Robinson,
L.
Charles
Mr.

- DariEg

3,68;i

7 6.^1':: 3

Chic.

Cashier.

59,04V
10,"4

bufiiness.

14.417
f,2S4
99,044
2,784
139,22f

When

Murch
assumed active uiauagement of the metltal.io'% about
wUh
compares
which
mtb, i's d-pcslts wtre $2,966,470,
undivi.'Ied
period
Within this thort
|;5 297,935 on June 7th.
to $56,550. The company's cap$t?5,619
from
profits advanced
resoutceaare new
ital and surplus is $1,000,000 and total
W. Woolworth,^
Frank
includes:
$i,a63,651. The t facial staff

Juke

THE CHRONICLE.

17, 1905.J

President; George W. Fairchild and Charles L. Robinson,
Vice-Preeidents; L. C. Haynes, Secretary; J. F. Chandler

and Alfred M. Barrett, Assistant

Secretaries.

—A

comparison of the last three quarterly statements of
the Bank of Discount of this city reveals a gradual increase
in the deposits of that institution. The amount on the 7th
inst. reached $390,486, this contrasting with $273,141 on March
2 1905 and $199,297 on Deo. 8 1904. The sarplus fund is now
$35,048 in D cember.
July 1903 and has a capital of

$38,584, against $36,712 in

March and

The bank began buriness

in

Joseph G. R^bin is President; James T. Wood,
Vice- President, and William L. Brower, Cashier.

$100,00[).

—The People's Bank of Hackensack, N. J., organized two
years ago, has received the approval of the Comptroller for
its conversion to a national institution, the name becomicg
the People's National Bank. In its changed form the bank
will have a capital of

—William

-f

100,000.

Jagels, of the

H lU-Jagels-Bellis Coal Company,

has b-en elected President of the new Weehawken Trust
Company. The institution has a capital of $100,000 and surplus oE $25,000, and will open July 1 at Fourth Street and
Bergecline Avenue, Union Hill,

—Trie Connecticut Bankers' Association met In annual
convention this week in Norwich. Addresses were delivered
by Meigs H, Whaples, President of the Connecticut Trust &
Safe Daposit Company of Hartford; Congressman John W.
Weeks of Massachusetts; Abiram Chamberlain, President of
the Home National Bank of Meriden and ex-Governor of
Connecticut, and Mayor Charles F. Thayer of Norwich. Mr.
Chamberlain has been elected President of the Association,
and C. C. Barlow (Cashier of the Yale National Bank of New
Hiven) has been made Treasurer. The Secretary is Charles
E. Hoyt, Secretary and Treasurer of the South Norwalk
Trust Company.

—

The directors of the United Stages Bink of Hartford,
Conn,, on the 13th inst. elected William B. Davidson Cashier,
to succeed the late Frederick G. Sexton.

—At

the regular meeting on Tuesday of the directors of
the Rhode Island Hospital Trust Company of Piovidence,
E 1 ward S. Clark, heretofore Secretary, was elected a VicePfcSident, William A. Gamwell was elected Secretary and
John E. Williams and Henry L. Slader were chosen Assistant

now as follows:
Vice-Ptesidents, Samuel R.
President, Herbert J. Wells
Dcrrance and Edward S. Clark; Secretary, William A. Gamwell, and Assistant Secretaries, P-eston H. G.irdner, Cyrus
Secretaries.

The complete

list

of officers is

;

Henry L. Slader.
The organization of the Hyde Park National Bank of
Hyde Park, Mass., was approved by the Comptroller on
June 9, F. L. Childs, of Boston, Edwin T, McKnight, John
E, Eiton, Henry L Jewett and Charles H. Hooke are interested m the project. The bank will have a capital of
Lapham,

E.

J.^hn E. Williams and

—

$100,000.

—The

Massachusetts Bankers' Association, organized in
March last, will hold its first convention on Tuesday and
Wednesday of next week at Hotel Somerset, Boston. The
organization already has a membership of 114 national
banks, 41 savings banks and 26 trust companies. A steamboat excursion and a reception will form the social features
Charles A. R aggies, Manager of the Boston
of the program.
Clearing House, is Secretary of the association.

—The new Girard Avenue Title & Trust Company of Phila'
delphia began business on Monday in its own buiJding at 1846
Ridge Avenue, which, it is understood, it will occupy only
temporarily. George W. Roydhouse, formerly President of
the Northwestern National Bank of Pbiled-lphia, is President of the new institution. As previously noted, the company has a capital of $200,030.
—The opening of the Empire Title & Trust Company of
Philadelphia has be^n delayed beyond the date set, owing
to the fact that the alterations in its building are taking
longer than anticipated. We are informed that the institution's authorized capital of $500,000 will be half paid in and
that the par value of the shares is $50. It ia the intention
to engage In a general trust company business in all its departments. The permanent offi:jers of the concern have not
yet been elected.

—A

consolidation of the Farmers' Nation a' Bank and the
Keystone Savings & Trust Company (the latter institution still

2433

in a formative state of organjz^^tion), both of

Lebanon, Pa., Is
being considered. If the project goes through—it has not as
yet sufficiently developed to give it definite assurance— the
frust company will be merged into the bank. The last named
now has a capital of $100,000 and a surplus of $70,000; the
new corporation will have a capital of $250,000 and a surplus
of $125,000.
If the change is made, the enlarged institution
will be virtually under the same management now in charge
of the Farmers' National.

—A charter for

the Dauphin Daposit Trast Company of
Harrisburg, Pa, has been applied for by the management
of the Djuphin D -posit Bank of that city.
The new iDstitution will have a capital and surplus ot $350,000 each, and
will begin business shortly after August 1, when the bank
will be closed out entirely.
reported that the Security Title & Trust Company
of York, Pa., has obtained control of the sto3k of the Farm"
ers' National Bank of York (capital $200,000).
The latter, it

—It

is

is

stated, will be

maintained as an ally of the trust company.

—At the annual meeting of the Washington, D. C,
Bankers' Association on the 5th inst., John Joy Edson, President of the Washington Loan & Trust Company, was elected
President of the District A-^sociation,
The discussion of
plans for the entertainment of the American Bankers' Association, whose convention is to open in Washington on
October 24, formed the topic of moment at the gathering.
The retiring President of the organization, A. K. Parris, recommended that the annual meeting of the local association
be changed from the first Monday in June to the first Monday in December, and that a special meeting be called on the
first Monday in November to make the change in the constitution required for this purpose.
„
—The

charter of the Merchant's National

Bank

of Balti-

more has jast been renewed for another period of twenty
years. The institution's history dates back seventy years, it
having been incorporated under the name of the Merchants'
Bank in 1835. The following year it began active business,
purchasing the assets of the Baltimore branch of the second
United States Bank, which ceased to exist in 1838, the bill
for the extension of its charter having been vetoed by President Andrew Jackson in July 1882. The Merchants' became
a national institution in 1885. The original capital of the
Merchants' Bank was $2,000,000, but was reduced to the
present amount of $1,500,000 in 1843 by the purchase of $500,"
COO of its stock originally subscribed for by the State of
Maryland, Since the bank started it has had but six executives.
The presant incumbsnt, Douglas H. Taomaa, has
served since 1886, and under his administration the institution has shown marked progress. The periodical auditing
by public accountants of the accounts of the institution was
inaugurated six years ago, and has since continued to be a
feature in the bank's affairs. The latest statement. May 29,

shows deposits

of $12,430, 213,against $11,624,452

on March

14,

while surplus and profits in the same time have rleen from
$829,333 to $864, 408. William lagle Is Cashier of the bank
and J. Cleveland Wand and J. C. Fenhagen are Assistant
Cashiers.

—The Farmers' & Merchants' National Bank of Baltimore
has also re-extended Its corporate existence for a twentyyear-term.
The bank was foupded in 1808, and entered the national system in 1885. The institution is one of
those made homeless through the Baltimore fire of February
1904, and is now occupying temporary quarters until the
completion of a new building on its former site at South
and Lombard streets. Charles T. Crane, President of the
bank, has been connected with it for over twenty years. The
capital of the bank is $650,009, while its surplus and undiThe deposits are $3,040,017.
vided profits are $349,083.
William P. Harvey is Vice President, Carter G. Oaborn,
Cashlsr, and J. E. Marshall, Assistant Cashier.
—The stockholders of the Commercial &

Farmers' National
authorized
on
Bank of Baltimore
Wednesday an increase of
$200,C00 In the capital,

making

it

$500,000.

Further increase,

stated by President Mason, is reserved for future developments. The new stock will be off -.Ted at $130 per 1100
it is

share,

and

full

payment

is

— Tiie stockholders of the

require! by Jaly 10th,
City Deposit

B ;nking Company

Columbus, Ohio, ratified on Monday the bank's conversion
to the national system under the name of the City National
Bank, The change will go into effect on Jaly 5,

of

"

THE CHRONICLE

2434
—James

heretofore Cashier of the Oaio Savings
Bank & Trust Company of Toledo, Ohio, has been elected to
succeed his father, David Robison Jr., as President of the
institution, the latter tecomlng Chairman of the board.
Gsorge A, Weber advances from the post of Assistant Cashier
J. Robifion,

[Vol.

lxxx

Senators and Membars of Congress to use every honorable effort to
secure suoh repeal at the next session of Congress.

—Since Dacem'er laat the Mississippi Valley Trust Company
of S':. Louis ha3 added ovar 2}{ million dollars to its deposit
account, reporting on

May

29 a total of $19,444,326, against

on Djcembar 31. The present aggregate reto the
sources
of
compare with $25,373,759 five months
$?7,885,975
assistant caehiership,
ago. The company has a working capital of $8,421,649, of
—The stockholders of the Northern Trust Company of Chiwhich $3.COO,030 is the paid i a capital, $3,500,000 the surplus
cago, at a special meeting on May 29, voted to Increase the
and $1.9)1,649 undivided profits.
capital from |1,000,000 to $1,500,030. With the sale of the
—The Merchants' & Planters' Bank of Greenville, Miss.,
shares at |200 each (the price at which they are cffered to
s':ockholders of record May 31), a like addition of $500,000 capital $50,030, acslgned on the 9ih inst. J. T. Atterbury
will be made to eurplus. The new certificates will be issued Vice-President of the Firsb National Bank of Greenville, wag
on July 1, and payment is to be made between June 13 and chosen as assignee.
June 30. The shareholders have the privilege of subscribing
—The desire for bank "skyscrapers" is spreading all over
for one share of new stock for every two now held.
the country. Oar traveling representatives report an un—The Governing Committee of the Chicago Stock Exchange broken series of these sky-plerclng buildings In nearly every
has reappointed W. B. Wrenn, Sacretary and Chairman. Southern city, their owners and ground floor occupants
James J. Townsend has been appointed Vice-President and being principally banks and trust companies. In Memphis,
Tenn., the two most conspicuous objects in the business porCharles B. Eggleston Vice-chairman.
offica of Cashier,

Eiward

Kirscliaer succeeding to the

—Practical suggestions for needed reforms In matters pertaining to the examination of State and savings banks, and
the duties of directors, were offered in an address by State
Auditor B. F. Carroll of Iowa, at the convention of the Iowa
bankers, held at Das Moines on the 7th and 8th Inst. Resolu-

the bankruptcy law were
adopted by the association, but the report of the committee
favoring the Insurance of deposits was laid on the table. D.

tions advocating the repeal of

H. McKee, Cashier of the Citizens' State Bank of Mediapolis,
has been elected President of the association. J, M. Dinwiddle, Cashier of the Cadar Rapids Savings Bank of Cedar
Rapids, has been re-elected Secretary.

—

W. 3. Martin Jr. has been elected Cashier of the Iowa
Trust & Savings Bank of Das Moines, Iowa, to succead J. S.
McQuiston, resigned.
—Receiver Q. W. Swords is paying to the depositors of
the First National Bank of Grinuell, Iowa, a dividend of 10
per cent. This, it is stated, Is the third dividend, and makes
a total of 55 per cent paid since the bank suspended last
July.

The

institution

had a capital of |100,000 and an
made on the stockholders.

as-

sessment of 100 per cent was

—Frank G. Bigelow, the former President of the First
National Bank of Milwaukee, pleaded guilty on Saturday
last to an indictment of ten counts, charging him with embezzling the bank's funds, and was sentenced by U. S. District Judge J. V. Qiarles to ten years' Imprisonment at Fort
Leavenworth, Kan. Sentence was begun at once, Henry
Q. GoU, former'y Assistant Cashier of the bank, who was
implicated with Mr. Bigelow In the defalcation, pleaded not
guilty on Monday, the 12th Inst., to an Indictment of thirteen counts. Mr. GoU's ball was Increased to $20,000, and
he was released upon furnishing the required amount. His
trial is expected to come up next October.
The bank on the 10th Inst, paid through the Milwaukee
Clearing House $1,000,000 of the sum advanced to it at the
time of the run, following the disclosure of the defalcation.
A second payment amounting to $500,000 was made to the
Clearing House on Tuesday, reducing the $2,000,000 which
had been loaned the bank ($1,000,000 contributed by the
Clearing House and an equal amount by the Chicago banks)
to $500,000. It Is stated that although the stockholders have
until August 2 to pay the tC% per cent assessment on the
$1,500,000 capital, over $900,000 has already been contributed.

$16,937,520

tion of the city are the

mammoth new

office

buildings of

two

prominent trust companies—that of the pioneer Memphis
Trust Company on Main Street and of the younger Tennessee
Trust Company on Midlsoa Street. Both are at about the
same stage of construction, and will be oosupied in September or Ojtober next. The building of the Memphis Trust
Company has a frontage of 37 feet and a depth of 148 feet.
Its exterior is a handsome composite of stone and brick,
and the structure absolutely fire-proof. Its height is 15
stories above the sidewalk, with basement in which will be
extensive safety deposit vaults, and a large sub basement
The main banking floor will be tiled, prlsbeneath.
matically lighted at the side, and finished and furnished
In white marble, mahogany and bronze In the latest style of
art metal construction.
Oa the second floor will be located
the trust department,tltle guarantee department, law library
and consultation rooms. Few financial institutions anywhere can boast of a more perfect modern office building,
with every necessity, convenlense and luxury for doing
business. Tne Memphis Trust Company has recently added a
bond and stock department, which Is under the management
of Mr. L. K. Thompson. This department was successful on
the 5th Inst, (as recorded by us last week) in bidding off the
$1,000,030 Issue of Shelby County, Tenn., 4 per centcoujt"
house bonds.
The Tennessee Trust Company's new building has fifteen
stories and basement, the lower three or four stories being of
granite, with a beautifully sculptured facade, and the upper
portion of pressed brick, Approximately a half million
dollars will be invested by the company; already seveneighths of the offices In the new building have been leased for
from three to five years. The banking rooms will be ready
for occupancy early In September, It Is expected. The interior finishing of these offices will be In rich mahogany, imported marble and artistic bronza, John R. Pepper Is President of the Tennessee Trust Company, but Its most active
official and Ganeral Manager is First Vlce-Pres. J. W. Keyes.

—

Thomas R. Preston, President of the Hamilton Trust &
Savings Bank of Chattanooga, Tenn, and his associates, are
back of a movement to establish in that city a new national
banking Institution- the Hamilton National Bank.
The
proposed bank will have a capital of $250,030, and while the
Individual shareholders of the Hamilton Trust & Savings
Bank will represent a large interest In the Hamilton National'
the
Mr.
latter will be maintained as a distinct corporation,
—Owing to ill-health, F. A. Smith, Cashier of the SwedishAmerican National Bank of Minneapolis, Minn., has tendered T, R. Preston will be the President of the projected bank, to
which he will devote practically his entire attention,
hia resignation, to take effect July l.
although continuing as President of the existing Institution.
—The depositors of the defunct Capitol National Bank of
C. M. Preston, Cashier of the Hamilton Trust, will also be
Guthrie, Okla., are receiving a dividend of 15 per cent, the
Cashier of the new bank. He will, however, give the most
second thus far declared, and making a total return of 35 per
Prepof his time to theHimllton Trust & Savings Bank.
cent. The bank's suspension occurred on April 3 1904. J. A.
arations are being made to open the contemplated bank
Willoughby Is the receiver.
about July 25 at Seventh and Market streets. The Comp—The following resolution, favoring the repeal of the prec- troller on June 7 sanctioned Its organization.
ent bankruptcy law, was adopted by the Kansas Bankers'
A special meeting of the stockholders of the Eaterprlse
Association at its convention In Topeka on the 8th. 7th and
Bank of Charleston, S. C, will be held on July 10 for the

—

8th

:

Reaolved, That the Kansas Bankere' Assoolatlon views the
present
bankruptcy law as an Incentive to dlehoneety In business affairs
and
» reward to those who engage In unsafe and disreputable undertakings, and therefore tavors Us
repeal; and. furthermore, requests our

purpose of amending the charter so as to change the par
value of the shares from $25 to $100 each. The Institution
has a capital of $50,000, consisting of 2.000 shares; with the
change in the par valua, the stock will consist of 600 shares.

2

.

June

THE

17. 1905.]

chroxiclp:.

— Secretary of the Treasurj Leslie M. Shaw addressed the
Georgia and Florida bankero' assooiations on Friday, the
9th inst., at a joint session of the two organizations at Atlantic Beach, Fia. An address on "The Northern Binber
Passing on Paper Offered by the Southern Banker," by Alfred J, McGrath, Vict-President of the National Shoe anc

Leather Back of New York City, was also a feature of the
program.
The new President of the Georgia Associatloii
is Joseph T, Or me, Cashier of the Lowry National Bank of
Atlanta and Treasurer of the Atlanta Chamber of Commerce.

IMPORTS AND EXPORTS FOR MAY.
The Bureau

Washington has Issued
the country's foreign trade for
May, and from it and from previous statements
we have prepared the following interesting sum-

National Bank of Jacksonville, has become President
the Florida Bankers' Association.
tic

- Receiver W.

oi

maries.

POBBION TBADB AIOVBHBIfT OF THB UlflTBD STATES.
the following tables three olpheri (OOOi) are In alleaiei omitted.]
-1904-05.
1903-04.
Bxportt. Importi.
Exeeii.
Mxportt,
Importi.
Exctu

(Ii

.

.nereh'dlse. t
311.743
463.850

July-Sept...
Oot.-Deo....

Batler of the First National Bank of
inst. began the payment of a fourth
dividend to the creditors of the institution. The amount, 10
per cent, brings the aggregate of the four diatributioaa up to
95 per cent.

367

449

311,85-J

13^.676
133.^43

95,510

TotaU...

J.

Fort Sutter National

Bank

1, 397,^57

1

4,591

April

made effective

The issuance of the new
stock gives the bank a paid-up capital of $3,500,000 and a
practically at once.

"rest' of $3,800,000.

—At a meeting on Monday Eugene O'Keefe was elected
President of the Home Bank of Canada, head office Toronto.
Particulars regarding the bank, which is to succeed the
Home Savings Loan Company, Ltd., were given in these
columns November 19 last. la addition to electing Mr.
O'Keefe President, the shareholders at Monday's meeting
also elected Thomas Flynn Vice-President. Lieut.-Col. James
Mason was appointed Ganeral Manager.

&

—The

dividend, making, so it is reported, 100 centg
on the dollar, is being distributed among the depositors and
creditors of the Elgin Loan Company of St. Thomas, Ont.
final

It is stated that

enffioient assets are still held to enable the
of a substantial dividend to the stockholders. The
company's suspension in June 1903 was said to be in part due

payment

to the difficulties experienced at that time
of Toronto.

Company

by A. E. Ames

&

10,201
•3,810

17,666
33,637

1-34,793

4,38T

3-2,116

-7.464
-30,617
—17,728

Sl,<i99

+37,064

79,937

94,169

-14,382

+6.860
+4.596
+6,'77
—21

7.378
1 5.727

+768
+8.354
+1.617
+3.115

Total

+ Bxoeii

-f30.046

3.318
3.427

3.902
6.410
6 516
3,560
3.767

+ 1.600

3.026
3.883
5.098

6.6S0
7.378
6.821
3.216
1,983

44,104

33,164

+18.960

45,033

33,016

1

.r05

+9,180

]

+ 6.208

— Bxoeii of Imports.

of export!.

We

subjoin the totals for merchandise, gold and
silver for the eleven months since July 1 for six
years.

MIBOHANDISI.
E'evtn
Hot.

Exports Imports.

QOLD.

Excess

Im

Ex-

of

Exports ports.

ports.

"""$~

04-03

t
1.397,557 1,C27,768

0304

1,867,602

03-03 1,331,918
01-03 1,293,479
00-01 1,384.991
99-00 1,285.«31
*

909,930
943,719
830.206
734,768
788,940

I
i
369:89 88,568
437672 79,938
381199 34,5^
ie3273 48,177
630223 47,810
496891 40,173

t

SlLYIB.
Excess
of

Ex-

Exports ports.
1

Exeet*

Im

of

ports.

Ex-

port*.

t

%

51.499 37,064 44.104 35,154 18,9£0
94,169 •14,232 15,062 35,0ie 30,016
43,214 •7,631 43,694 '23,113 30,581
47,935
242 16 482 J6.42f .iO.053
63,79(. *14,P50 59.7i6 34 45 33,234
671 31.524 30.357 31.167
40,814

Bxoess of Imports.

Similar totals for the five months since January
for six years make the following exhibit.

1

MXBOHANDIfB.
Five
Mos.

Wxptrta. Imporr

aOLD

Bxeei
of

Bxpor

I

T

is

are being very generally paid at once, and already more than
60 per cent of the amount of the stock and the premium
thereon have been paid, so that the increased capital will be

-6,340
+33,064

88,363

1

April

—A.

shares were allotted to stockholders of record May 31 at
the rate of one rew share for every six held, at a premium of
100 per cent on each share. While the stockholders have the
option of paying for the stock in instalments of 10 per cent
per month, we are offi3ially advised that the allotments

30.981
16,108

SllTor and Silver In Ore.

May

which has heretofore
additional stock. The

+9,189

+33.S97

The organization of the bank, which has a capital of $200,000, was approved in Dacember.
—According to press dispatches an early consclidation of
the Merchants' Bank of Canada (head office Montreal) and
the Royal Bank of Canada (head office Halifax) is looked for.
The Merchants' Bank has a paid-up capital of $6,000,000 and

capital to |4,CCO,0OO-|3,CO3,00O of
been paid in— has issued $500,0:0 of

+3M,S68

80,698

10,290
10,472

13.592

—The Bank of Toronto, at Toronto, Canada, which, under
a by law passed in January 1908, is authorized to increase its

,'.3,582

19.470
43,069

13,762

been Manager of the bank's Hamilton branch, where he
replaced by J. E. Magee,

909,930 +437,67S

-.*»-2.960+il7',774

—1,277
-3,176

Jan.-Moh..

B. Patterson has been appointed to succeed Daniel
Miller (resigned) as manager of the Toronto branch of the
Merchants' Bank of Canada. Mr. Patterson had previou3ly

1.367,602

+53,688
+33,085
+31.116

3.E81
3,657

Jttly-Sept..
0(>t.-Oea...

maintains about a hundred
branches throughout Canada. The Royal Bank has a capital
of $3,003,000 and a reserve of $3,802,743. Over fifty branches
(principally in the Maritime Provinces) are operated by It, and
it has besides agencies in Cuba.
The consolidated bank will
be the third largest in the Dominion. It is reported that Sir
H. Montagu Allan, now President of the Merchants', will be
the head of the new institution. E, L. Pease, General Manager of the Royal Bank, will hold a similar position with the
new back. Mr. T. E. Merrett, the New York representative
of the Merchants' Bank, it is said will, after the retirement
of Mr. Thomas Fyshe, become the acting General Manager
of the Merchants until the merger, after which he will be the
Assistant General Manager.

%

1,304
481

May

has elected officers as follows: President, F. Ruhstaller; ViceOt. J. Bryte and E, A. Nioolaus, and Cashier, A.

It

%

346.r54 +43.670
336.696 +338.781

+181 .335

1,037,768+369.789

38,172
34,016

Jan.-Moh.

Pressidents,

a reserve fund of |3,203,000.

9-2,828

1

391,621
493.477
380.781
109,880
89,^87

Gold and Gold In Or*.
Jnly-Sept.
Oot.-Deo..

of Sacramento, Cal.,

L, Darrow.

I

+68.686

lan.-Moh...

Total

—The new

%

343.057
•i8 4,515

A.prU

May

Macon, Ga., on the 6th

of Statistics at

the statement of

L

P. Hillyer, Vice-President and Cashier of the American
National Bank of Macon, has again been elected Secretary ot
the State Association, E. W. Lane, President of the Atlan-

2435

1903
1904
1903
1903
1901

619,P6i 300,196 119768
580,501 4i7,l80 153321
603,4291430 745 17168.
548 95'J 383.227 i«.->r2s
619,079 363.037 354C42

Ex-

Im-

ports.

port'

t

t

35.800

SILYXB.
Bxet.

Bxpor

Mx
I

i

ports.

Im-

Bxetii

ports.

of Mxportt.

t

t

$~

21,840 30,337 13,848 7 495
60926 43,b77 34,04» 21,967 11,(23 10 931
18,82 11.20H
7.620 13.919 7,930 8,019
9.885 9.101 10.78* 9,878 10 418 8 860
34.14 13,61; 6 11.480 33.8f5 132J1 10684
iL900, «03,38ll3?8il7 334964 33,347 13,8t6
9.45! 35,182 13 949! 11, 883
*

1

4.46 J

<

1

1

Bxoess of Imports.

In these tables of totals, gold and silver in ore for
all the years are given under the heads respectively of
gold and silver.

The following shows the merobandlse balance

for

each year back to 1876.
XOBSS OT UBB0HAHDI8B IMFOBTB OB BXPOBTB.
11 montht ending May 3 1—
5 months ending May 31—

1876
1-876

1877
1878
1879
1880
1881
1882
1883
1884
1886
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905

ImportB.f 14,418,184
}%l^
Exports. 67.638,99* 1§7«
EiportB.156,877,77iJ

Export8.246,585,e24
Exporte.258,457,03«
Export8.166,068.17:
Export8.255,183,24^
Exports. 37,614,36'
Export8.111,099,09'''

Exports. 71,633,65-'
Exports, 165,492,058
Exports. 42,393,3t'H
Exports. 37,137,95
Imports. 9,709,071
Exports. 10,211,84s
Exports. 90,811,86?
Exports. 65,482,10''
Exports.210.003,917
Imports. 14,487,763
Expo^t8.237,908,51^
Exports. 82.262,414
Exports. 92,340,133
Exports 298,253,131
Export8.671,719,184
Exports. 495, 237.89.'5
Kxport8.496,)-91,308

1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902

Export8.680,223,220
Export8.462.273,024
Exporte.381, 199,373 1903.
Export8.457.672,269 1904
Exports.369,788,661 1906

Imports.$ie,650,671
Experts. 37,959.296
BxportS. 42,622,098
Exports.144,625,925
Eiports.108,831,981
Exports 19,546,783
Exports. 93,470,496
Imports. 27,828,347
Exports. 56,523,630
Exports. 9,578,877
Exports 56,143,325
Imports. 2,674,044
Imports. 13.816,613
Imports. 48,281,764
^..Imports. 17,713,636
Exports. 3.602,229
BxportS. 2,605,920
Exports. 64,563,643
Imports. 64,652,046
Exports. 60,402,775
Exports. 1,959,179
Exports. 64,414,309
Exports. 48,951,886
ExportB.261, 567,267
ExportS.ie9,936,836
Export8.224,964,601
Exports.264,041,916
Export*. 165,728,592
ExportB.171,684,831
BxportB.153,320.918
Exports. 1 19,7 67 ,666

:

THE CHRONICLE.

2436
ptonctarijl (Co

m m crcialguelisTi glcxus

[From our own oorreepoadent.]

London, Satnrday, Jane 3, 1905.
The news of Admiral Togo's great victory lias somewhat
improved the stock markets and has strengthened hopes.
Bat there is yet not very mach inclination to engage in new
risks, chit fl/ becansa of the ancertainty as to whether even
that crashing defeat will indace the Rassian Governmen c to
issia
peace. Moreover, thare is fear of troables in

R

make

which may
Paris,

it is

true, is that there will ro':

Tha beet opinion in
be serious troubie in

what may happen.

the National Conven-

affect the Paris Bourse.

Paris no matter
tion

Is

will be

If

called together everybody will conclude that p-ace

made and

great reforms introdnced, and that will

give high hope throughout France. If even there is a r^ vo
lution, those who are best acqnaiated with Paris believe that

the French are so disappointed by the incompetence shown
by the Czar and his Government that they would not V': ry
much regret a change of system which might bring to the
top a really competent man who would again give valu' to
the Francc-Ruesian Alliance. Still there is a certain mrv jurness,

and for some time until an opinion can be formed as

the probable course of events in Rassia, there will be
inclination to do much.

to

listle

The disinclination is increasd by the weakness of the
American market and by the general stagnation upon the
France is, no doubt, the largest holder of Rassian securities. Bat Germany and HjUand also hold im
mense amounts, and in a smaller degree Switzerland and
Belgium are likewise largely interested. There is so muoh,

[Vol. lxxx.

reserve. Just at the end of the month there was the umal
ontfl w to the interior.
Bat the mon-3y will return shortly
and more gold will go into the Bi&k of E )gland.
The
French batks, moreover, are preparing to employ money
more largely in London it politics do not become unfavorable.
L^at week, irdted, the French banks beg»n to prepare for
iQcreaslEg the balances they had been employing in London.
Tne Rassian disaster has deterred tbem from remitting
money to London; but if the apprehension decreases, the
best opinion in Paris is that a caneiderable addition will be
made to the French balances employed here.
The Icidia Council offered for tender on Wddaesday 3) lacs
of drafts and the applioatlons amounted to 289>^ lacs at
prices ranging from Is. 3 31 32d. to Is 4d. per rupee.
Applicants for bills at Is 3 31 32d. and for telegraphic transfers at
Is. 4d. per rupee were allotted about 10 per cent of the
•'.mounts applied for.
The following return shows the position of the Bank of
Sngland, the Bank rate of discount, the price of consols, i*o.,

compared with the

May 81

money

invested in Russia that there is
nervousness everywhere. A3 regards Garmany, moreover,
t^ere are fears of an icsurrection in Poland. If such breaks
out there will be much disinclination to intervene lest that
should aggravate the internal situation, Onjthe other band,

June

a
Ciroulatlon
Public deoositi
Other deposits
aovernment securities
Other securlUes

29,500.280

11608628

8,401,'.ill

41.ei3.628

£0 6-16

40.a41,4i2
ia,603.40«
27.238,039
22,689.8il
32.847,401
46 5-16

2^

8

15,74P,6<J3

28,416,701

Prop, reserve to liabilities, p. c.
Hauls rate
percent.
Consols. 2H per cent

2813-18d.

4,

*•

89,623.156
8 8»<;,675
40,446,872
14.293,985
28.1dO,038

24,803701
86,660.856
50i^
3
96 5-16
•i-iUlHi.

3^

8i?6xd
24Ha.

ZdJ^i.
247,2ii7,000

248,087,000

IB02.

Jane

3.

29,30l.e65
7,425 683
41.376,091
14,799.505
27,508,544
24 824,719
36,361,404
49J«

90H xd

SiHS

SUver

vClearlng-House returns

1903.

June
A

1

*
28,707,570

Reserve of notes and coin
26,8;«,126
Coin & bullion, both departm'ts 37,886,406

209,039,000

203.ii:0.000

The rates for money have been as follows:
<9

London

Bank SUU.
^

May
•

"
•'

6
13
19
ae

June

2

fntcr«si«4ie«»«6

09*n Market Rates.

O

Continent.

then, of Continental

last three years:
1»C5
190i.

2^

Month*.

2 5-16
2M®2 6-16
2 3-16
i

2k

l-16@2«
8 1-18

t'ad»BUl*.

Month*

i,

fordepcutiht

Month*. SMo*.

ti

m
m

2 6-16

2 3 16
8 1-ie® -1^
8 1-16

4

8^®2«
2%

2yi®'iii

2Ma8«

2H

Joini 0U'tS'».
Stacy At 7-14

Mot. Banki

2M

1

2«®29i
2\i&2H
2hi&2H

1

2ii

Davt

m

ik
iH
iH
ik

1

1

m

1

1«

rate of discount and open market rates at th^
Continental cities have been aa follows:

The Bank
:hief

May

Jvme 3

May

27.

May

10

13.

Germany would

hardly sit still if the Poles seemed likely to
win independence. Consequently, there is much nervousness in
Germany likewise. In spite of all, howaver, there is a certain hope that peace will ba made soon and that somehow or
other order will be maintained in Russia.
Here in England there is undoubtedly a much better feeliEg than there was. The Russian fleet in the Pacific was
looked upon as a eerious menace to the general peace, and it
is now believed that at all events the localization of the war
will not be disturbed. Furthermore, the hopeful feeling
has been strengthened by the annoucement made on Thursday by Lord Lans^owne that the Anglo-Japanes9 Aliianoe
will be renewed and probably will be strengthened and
consolidated.

Apart from politics altogether, a more hopeful feeling preThere has for a considerable time now been great
activity of trade in Lancashire. In Yorkshire also there fs
improvement, and generally the most careful observers are
coming to the conclusion that there are indications eveiywhere that improvement has set in. I: has not made so

vails.

much

progress yet that the public is convinced; but the
best observers are satisfied that it has set in. There are, likewise, signs of reviving interest in the mining market.
Q ilte
recently, to be "sure, there has been heavy soiling of South

African

goM

upon home and French account.
good deal of this selliug is purely speculative.
The rest of it is on account of operators who have
grown tirei of holding shares which yield no dividend and
have been depressed eo long. On the other hand the mining
industry itself is improving steadily. A great deal of important work is being done which for the moment gives no
evidence of its real importance. Moreover, the more careful
people who have plenty of money to lay by, botti in England
and on the Continent, are studying the situation, and are beginning to buy on a small scale. The purchases are purely
tentative, for there is, as already said, much political uncer
shares, both

Ic is believed that a

But if that political uncertainty is allayed there is
reason to believe that the buying will attain considerable
proportions.
Money has been in good d mnnd this week, owing to the
lortnlgbtly settlement on the Stock Exchange and the usu il
rfqnirements at the end of the month. Oa Thursday, inaf:fcd, tliere was a good deal
borrowed from the Bank of
t-rigland.
Still, rates are low, and everything points to a
ontnuan ce of cheap money. The output of gold in South
Africa le Increasing every month. For the time being there
18 no buyer of the gold reaching London but the Bank
of
EDgland. And the Bank, therefore, Is steadily increasing its

tainty.

lnUr$$t

U»nk

ftt

Ov*n

09*T>

Sat*. Markit

Rat*. M»rki
3
8

lamburs

3
8
8
3

2k
2k

8

frankfort

\miterdam

2k

2

2k

siaiielt

8

rienna

»M
2%

viBdrld

8k
5k
4k

Oopenhauer

4

'l&TlB. ..........

3«rlln.

it.Peteribura,,

Messrs.

Jmne

PIxley

8

8

Bank

09*n Ban's 09*n
Sat*. Mark*. Bat*. Marktt

1%
iH
iU
2k

8
8
3

8k

2M
iU

2H

3

2M

nora

«k

4k

fk

3k
5k
4k

i

4

4

4

noDP

8
2M.

3

8

8k
5k

&

S
8

2 7-16

3

8 5-16

Ik

fk

8k
6k
4k

4

4

aon-

Ik
2k
2»
2k
2«
2%
2H
won.
^k
4

Abell write as follows under date of

1905:
Gold—The large arrivals of this week have all been bought by the
Bank, and, ao fa-, they have purchased £395,000 In bars. In acldltlon
to the above. £8,000 has been received from Australia, and there have
been no withdrawals. About £400,000 Is due to arrive next week.
The arrival of £768.000 from the Cape constitutes a record In these
shipments. Arrivals: South Africa, £768,000; Australia, £51,000;
West Africa, £36,000; West Indies, £30,000; total, £8^5,000. Shipments: B, mb*y, £83,000; Calcutta. £10.000; total. £73,000.
Silver—The Ettstera demand beini? satitfled anl "shorts" for the end
of May having covered, the market here has had a sharp set back la
splteof the fllilog of the French Mint order for 40,000 kilos. There
has been some Eastern selling which his contribated to the weakness,
and the prospects of an early termination to the war In the East has
also been an adverse factor. Wa have fallen to 269i6d. for cash, whfle
forward, which has bee a the better market of the two. la 2638d., and
at the close the markst Is steady. Arrivals: J^ew York. £139,000;
Australia, £5,000; West Indies, £5,000; total, £149,000. Shipments:
Bombay, £ i56,100; Hong Kong,£2l,l93; Shangb*!, £10,000; Madras,
£2.600; total, £189.798.
Mexican Dollars— There is no business to report.
The following shows the Imports of cereal produce Into
;he United Kingdom during the thirty-nine weeks of the
1,

reason compared with previous seasons:
IMPOBXa.
1904-6
1903-4
imp'ts of wheat, 0Wt.76,617,2C0
Barley
17,908,900
Oats
10,553,900
Peas
1,624,719
Beans
1,270,640
Indian corn
31.842,200
Plonr
8.749,720

67,308,869
26,453,968
11,667,263
1,810,940
1,766,698
3'o,681,415

16,087,055

1902-3.
59,867,482
21,239,176
11,115,712
1,522,407
1,258,273
29,819,208
14,545.607

1901S.
51,076,495
18.815,430
13,080,509
1,575,987
1,388,662
34,010,328
16,242,156

Supplies available for consumption (exclusive of stook
on September 1)
1904-5.
tVheat Imported, owt. 76,617,200
Imports of flour
8,749.720
Sales of home-grown.12.7 16,262

1903-4.
67,308,869
16,087.055
15,165,028

1901-2.
1SC8-S.
59,867,482 51,076,495
14,545,607 15,242,156
20,064,570 20,897,059

98,083,182 98.560,952 91,477,659 87,215,710
Total
3lB. 6d
27b. 8d.
266. 9d.
Aver.prtcewheat,week.30s. lid.
leverage price, season. SOs.

5d.

27b.

2d.

The following shows the quantities
cnaize afloat to the (Jnited Kingdom:
Wheat

.,..qre.
Klonr, equal to qrs.
Mal«e
qrs.

.„

Thiiweeli, Last week.
3,166,000
3,030,000
140,000
135,000
720,000
785,000

27s.
26s. 9d
of wheat, flour

bCl.

and

4.115,000
185,000

1903.
1,914,000
301,000

466,000

555,000

1904

.

June

r

"

v

British imports since Jan. 1 have been as follows:
1904.
1905.
DijSltrenee.
a,
s,
a.
Per ot.
iMPOKTs.
46,182,520
+3-5
47,766,460
January.....
+1,633,940
—2-9
44.110,519
43,844,937
-1,265,582
February
48,692,275
+0-6
48,983,312
March
+291,037
—4-2
45,181,763
—1,898,937
43,282,826
April

—07

18i,071,500
Fourmonths... .182,815.935
—1,265,625
The exports since Jan. 1 have been as follows:

1904.

1905.

A

i

Ki^ai

i-H

"-13

Per Oi.
+3-8
+l,374,2.';o
+5-7
+3,819,027 +15-7
+653,634
+28
£,

+900,412

Ol

*,S

March
April

1905.

1904.

tL

&

Difference.

5,712,000
7,405,341
5,946,649
6,754,370

6,113,887
7,619,723
6,812,209
6,303,377

B

f
CO

X3J<tf>

X
o « t-

<oina>
i-aj«j

1

.-

;

--ot-

l.

1

.S
=5

]

-fli

8*

a> '*

-'

w
X
to
-e
u ^o«>r» N
rfoaes"
to
^
^
MQ.
X
a JO.-f-l o
J»
— <D » «<'
•*o»co
3»-<

1

1

«.H«
ooaj

.

^COdOE}

^

Nt-'m"

i

1

c-

-t-40

«

--

M

-S"
®«0

oxt.

»

CBt>X

-df

.-

1

The

"J"

c::{£)(.

03
32

oo

ojoTo)

CO

1

8at.

ounce

Silver, per

d.

OonBOlB.,new, 2% p. ots.

Hon.

2615i6

Anaconda Mining
Atch. Top. 8e Santa Fe.
Preferred

& Ohio

Preferred

Canadian Paclflo
Chesapeake & Ohio ....
Ohio. Great Western...
Chic.

Den.

&

Bock

&

&

Rio Qr.,oom....

O
•A
<

£rle, common
let preferred

ad preferred

o

Central

Louisville

X

& Nashville.

Mexican Central
Mo. Kan. & Tex., com..

o
o
is

O

Northern Securities
Fenney Iv aula
Ptaila. & Reading *

105

lllifl

112

99 13

991a

154ifl

153%

994
15r)

50%

514
194

19

rsia

179

28

1054
1114

o

«

® Olrt

aj

matot

r31
•*

0)005

51

194
28

41 Sg

41 7g

4138

o
n

814
674

80%
674

Szi

m
H
n

I64ia

161.4

165

!50!Vi

1494

150

1494

65
35

145

;.45

524

82%

82

95ia

954
1684
694
48%
40%

46%

45I3
64'8

32%
99ifl

127
9913

Preferred
U. 8. Steel Corp., com..
Preferred

64

354

53

49

O

29
9TSa
19

534

61
35
.024

824
9,S4

1674

1674
£9
49

46%

454
634

99
1264

125%

994
284

994
284

99*M

98

9ti'^8

284
96%

19

19

39

894

391<D

Debenture "B".---

75

75

744

1

:
;

0-

:n

190

reve

a
o

:

»

OS

T}1 F-i

-.<

—• -J

.-.

•

o :o
•

•

4^
o.

nn

:
•

a m

:

74,4

t)Ar nhare.

O 0»

-.v

:
•

:
•

:

:

:

.

.

O
o
o

:

:

xo
c-o:

r^(N

r--Cr.'

^

acc

n
o

C-l

xx>

-w

n
09

O

« to o c

^^

•wo
no:

V-

o

0« X" tco ^

Cv

03 r-

t-v

0»»,-'«<(S

r-

c><

n

^

T) C- (M

l*

a.

tf3

ei>i--n»iotc

aoxt*.— iH

iT

,-t

n

m-Hxct top*e«r"-a>o*
OiXC- o

a

C8

Intornalreve

a
o

Mitoellaneon

«:>

o

B0KIPT8

CustomB

IO

xm

•*

X
03

^

a»tD*<?« CO
.MfpHootca

r^

Men

(3.03 to I.
c»_c-

o
CO
^
a-oiaoc-a in
03 lO f t» t~ to
X
t^o.jc> o mo
03_
,-(

to

ao3
a^
ao
'•N f
03 C«

e-

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eifo'

113

.

1

:
.

a

:

•

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fe

•

•

.

cr

u

Kh

b

.

cs

9
a

*

.

O

:

•

431
03 O
U

e-oo
S^rn

x>

190 ISO

a

dlsbv

.

lOv
«»Cr
oe
aa
wo
e

SI

am

at.Bk.Rbdb

Clvllandmlsi

Total
Civlland

>. I.

as

ISBUKSKMBN

ISBtrRSKMBN

Interest

Indians

Indians

War Navy

•IS

•.J

o

Receipts

Receipt*

5c

z

a

Note.— Total dlsbarsements nndcr "Olvll and

PO

m m

War Navy

o

a:

atoic
CQ-*

•«»£-•• t-o

mis

Si
=a

cp

.«

u

1

aci;

va
OitC
^o xa
OJ

09

Vr^Cutflfl,

—

i~

^
o

0-&

>»0OX
~.^

:
•

i

co(y.-

xc

- CO
C» 1CS T1105X t-l»

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:

i

rCO

O
.-<

p-i

1

oa
K3'

fi»

03 :«

t*.

'*t-'l>^.-'o3

.

:

190

BOEIPTS Customs
Internal

:

•

:

1

MIlcellftTiAnn

3
3

iJi<

«3 Cm
Oi

>•

CO
V3

^o
o©
»2
....
a _ «
A 2S

•

lO

1

T(lTll^t-«0

acr

,-<

"-I>t»W010

X^®

CO

rH
X3

-

"*

03
.-

OiX

a

om X

QO'»l>

!

CD

c;

o

t-

-.f

-^

t#

3lii

Mlsoellaneotis" in

190i includes $54,600,000 paid on aooonnt of Panama Canal and
loan to Lonislana Purohase Exposition Company. The last instalment
of the loan to the Loaisiana Porohase Exposition Company was
repaid to the Government on November 15.

New

—

—

Foreign Trade of
York Monthly Statement. In
addition to the other tables given in this department, made
up from weekly returns, we give the following figures fcr
the full months, also issued by our New York Custom House.
The first statement covert the total imports and exports of
merchandise and the Customs receipts for the eleven months
of the last two seasons.

994

12508

Preferred

•

K3 c- e»

crj e>J

V3ax

.-1

O-«i'(Si-r03',.<'
,H
rH

X

.-o

1

XCQX3303®

r-'sj

c* c.—

encra

!

to

•

•

1

T»I

1444

82

694
494
46%
454
644
324

324
994

2C4
284

9'">4

4''4
6334

194
S84

Wabash

2*14

81
68
164

yo%
284

»--»'
NO)

J

V
a

a

c-oo

aat^ «

i

*

•«!

*
«
PH

NrH

...

811a

204
284

if

looTio

tK*X 1®
w

1

1784

284

42 14

281a
6SI9
35i«
l46

.

o
«

etaocs

1

i

w

Oi

tux 03X

«>

O > C- r- 03 -1

to

T|l

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c«i

f-l

^

1^
-r

lOOt-COIt- ft^.-int- Itn

I>!M»0<.

M®
at
QIXMI o
00

(N
rH<X>

r-l

xas3»-w®
5»a CU
« 3. ,1 O
— CO 9J
~HwH
in
nfmm^i-i o
I^OC^CX, JUO
a
KKStjxoaj 9
»os» —
o
.M
X«.-— <MO t-

CD

<s

f—

O
p"

03
.*

tDOC-Xi>IC3

OS

Oi-i'*

KN

1

'

1

93

wt^o

«
^

15438

Q

€8

c-r-a

994

91

Pacific

Price

904

29
91

Preferred

•

H'l6

284
904

29

Q

l8t preferred*

Fri.

90i«

69ifl

2d preferred*
„
Southern Pacific
Southern Railw., com..

Union

105

11131

21

Preferred
Nat. RR. of Mex.,l8t pf
N. Y. Cent. & Hudson..
N. Y. Ontario & West..
Norfolk & Western
Preferred

271,8
9C9.B
901116

105

28ifl

Preferred

Illinois

26i5ia

61i«
I914
1791a

Bt. Paul...
Paclflo.

I.

26%

Thurs,

9C13,6 SO's
909,8
99-71ia 99721* 99-374 x98'66
.-^4
638
5%
54
8388
844
SSH
8 %

Fr'oh rentes (in Parla) f r. 99"67ifl

Cliio. Mil.

Wed.

90ihe 90%

For account

Baltimore

Tue$.

r.1

C«

s>
3>

i-«

,-1

"S.

T)l

liOMDOH.

1

^

X
.-XX "

(t;

03

1

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r- 3: CI. t:3

tf3

•w

*

J^WOSr..^

ft

1

O!

X

OU

lOi-

Oi^ «ll>
l-x oca
.VX ujx

io
1

1

•SI

o-**
30...X
XXOJ
MO05

X« X

1

-•OSt-i

.->

«
*:=*
— 0}
*

8'

^

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of

9I»C0

,

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-.•

,-c

to»
—

X«l>
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03 03 CO w. aoi
t" c; iM
c*
«*
tD«3S

— .* 3S O X
X c- :.
c- o r.
t3 oi - m N .to
^ 3- 03 ^^ O ^ CS
w
O «^ JJ « ^ X
oamcofflo ®
O V -~ C* CO 03 •*
^ — -.*
.- o CO
03
C* ^O^f>' to
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00
(SOBO - 03^ a
r~.~i.-i
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St
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®r.io X
— mo

r-

CO-"-*

i

X
CO !X CO O
O r? c ?D
•—

'-^Tjia.

1

1

daily closing quotations lor securities, etc., at London
are reported by cable as follows for the week ending June 16;

<»
uu

in TK
B? to
to c-

oT

l1>

O,.'

1

i

^J

—.

n
m
^

o o ^^ .—
ao3i oocti

•<>

om
Cl c»

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^iot)' j;oi—

!

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»

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o
U3

C*S-

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rrt»lO-iinsB

OCOlr^IM
-.

1

1.^

I-*

r.->

oo

TJC-tO

slight

EnsllsM Flnancaal Jmark^etat— Per €ab£«.

in»

go
-1
cto

1

oxo
C»IK« X
lO

S2" *

1

o

l-

ceo
OlO

•^
1

•«
CO Jl

1

•.«•

-w

XC»03a»5l!

•w
^1

;

r~t

«rxc<3

OfX

i

1

0310XtCO(S

C-i

^

1

1

1

.-.

OS
CO

ici

-*

coxeo

1

,-•

.S

— cex

(

t>

0-.

t:3.-ocoa,-<

0»
'

« 01 * n X -<
.- x 3s —
i»
03 .» M
—
lO
O
coca J I-**.-*
^ CO X O 35 a
Oi
Krx"3s'.~''o orT
x
•vmiz-^ina
o
nt-l^Cn 3D C3
QCIS t- to CO UJ
N

CO
in

— t^N
OQ w
.- — a.

(.H

mltted.]

103

OSX-'OX'C
OCMOJtjOS

«
o

c*;*

sT

1

».«

.-r^O

C-

oVo<f

--^ (.M

Tji

^x-«
—

.

«
O
X®Xm
t-oxo3ei-^
CO .— O
lA
— .H .— ^-

<s

(»s.a>i-i
j

»

25.81P.360
+1.031336
Four months.... 26.849,696
Note.—The aggregate figures are official. They indicate that
adjustmeuts have been made in the monthly returns as issued.

o
m
m

X
tnox A
UJCr-.
CO

.* CO -V «3 yo
-1 rH
I- lO

.-

c:^

CiJ

w
»--» »

;^

"-J

&
Per Ot.
+401,887
+7-1
+2'9
+214,382
+866,560 +14-7
-450,493
-8-7

oi

1

1*1

1

J

(MfO
v«>l-l
»—
iH ^

*

o.«m lo

1

Four months. ...102,468,131
95,714,808
+6,753,333
+7
Tae re-exports of foreign and colonial produce since Jan.
show the following contrast:
Re-expoktb.
January
February

:

:2437

CO
c-

oBso-i
_.-«i!0«

—i

5

Difference.

34,083,365
23,894,813
24,251,793
23,484,834

24,989,777
25,269,063
28.070,823
24,138,468

April

'

'

BBCBIPTS AND DISBUB3EMENT8 (000

The

March

:

THE CHRONICLE.

17, 1905.]

KXPOKTS.
January
February

«

Month,

MBKOHANDISB MOVKMBNT AT NHW YOKK CCSIOMS RsCHIPTi
AT NBW YOBK.
Exports.
Import*.

1004-06.

1903-04.

1904-05.

1903-04

1904-05.

1903-04,

Jnly
1 naust....

4?.676,639

50,266,186

35,656,730

87,816,937

12,931,148

15,629,889

52,798,439

47,672,045

39,&94,990

37,676,461

September

l9,8i;9,9-0

16,109,614
15,393,122

57,931,310

44,586,536
48,803.417

42,155,250

October..

47.295,127
49,934,976

15,016,971
16,r43,410

52,927,484

November.
December.

57.90a,844

46,013,5*<3

45,354,607

43,684,2:n

57,993,880
60.787.01H

47.774,941
51,497,193

46,230,467
48.608,0ec

66,1S3,43

57.437,8e!-

33,180,016

47,4^0,240
45,350,68"
39,210,7;w

14,537.41..'

14,",0-},985

70,546.661

56.382,38

47,289.62"

43,£69.1U

15.781,79*^.

58,243.121

50,361.125

49.178,41

12,530.15-

55.263,731

47,3i;4,24.

42,3d3.66»

41.092,679
36.404,98-

14,913,203
13.108,253

12,696,300

12.109,942

Stock of Money in Country.—The following table
shows the general stock of money in the country, as well as lauuary..
the holdings by the Treasury, and the amount in circulation February..
The statement for June 1, 1904, will be Marcli..
on the dates given.
April
found in the Chronicle of June 18, 1904, page 2422.
May
,.

15,904,940 14,422,025
U.70l,716! 13,307,201
13,S 3^,399 13,816,092
15.848,9^6 14,708.8=4

r-Stochot Montti June 1.—

r-liontvin Oirculation.-

1905.

InthtCntied
Statea.
t

Junel.
1905.

1904

t

$

50.919 0=i
4B2,9 1(1.999

P44 894 548
430.053,929
72,«o=,727

S

Qoldcoln(lno.bul'ninTrea8.)l.S62.0e3,028 If'l.SKO.rsi
3rt.^5l,970

Gold certificates
Standard silver dollars

668,676,559

Dnlted States notes
Curr'cy cert.. Act June
National bank notes

l8il',"l~
&.fld7,8»7

Silver certlflcates
Subsidiary silver
Treasury notes of 1890

113.977.4H7
9.617,000
34B.b81,016

June

Htldin
Treasury.

13,50
83.;09
14,St6,8a3
'.n'Ja

e

7«,rtl7,«44
4R(',4«/.103
101

473 4-9

9 6>J3i!9l
832,2S4,e93

Gold Movbmbnt at New TORK.

j84,151,S2fl

94.579.099
1H,3:4,424
3 ^.yOl.SSO

13,96^,127

474,3:93:9

Month.

For redemption of outstandlnKcertlflcates an exact equivalent In amonnt
of the appropriate kinds of money is held in the Treasury, and is not Included
In the account of money held as assets of the Government.
t This statement of money held in ttie Treasury as assets of the Government does not include deposits of public money in national bank depositaries to the credit of the Treasurer of the United States, and amounting to
57.

Government Revenue and Expenditures.— Through the

courtesy of the Secretary of the Treasury, we are enabled tc
place before our readers to-day the details of Government
disbursements for the month of May.
receipts and
From previous returns vt^e obtain the figures for previous
months, and in that manner complete the statement for
the eleven months of the fiscal years 1904-05 and 1903 04. For
atateme/it of May, 1904, see Chronicle June 18, 1904, page

1903-D4.

t

AQRUat

155,869
243,688

September..

456,428

Sn\r.

Ootolier

November.
December.

935,369
1,312,437

3,.?33,17f

April

1.151,481

Total..

*
151,24

225,89
383,42

1.S84.045

Janaar7..
february.
M.srch

May

Exports.

Importn.
1901-05.

431.730,984

*

2422.

The imports and exports of gold and silverf or the eleven
months have been as follows:

S, '72.

4?8 827,616

t319.e23.09' oa!,840,7t)!- 478,797,814 407,335,761 159,049.185 167,648,618

1,

2,869,344 583 284.673,867 2,584,670.71« ,5J9.2"9.917
Total
Population of the United Stateo June 1, 1905, estimated at 63 143,i.'O0; oirou
atlon per capita, $31 09.

160 48i,e20

Total...

314,19
610,95^

267,60Si

10,163,66

— Bartlett,

1903-04

Imports.

Exports.

1901-05.

1904-06.

t
7,489.76-

t
267,89«

422.34'

263,ie4

3,4:5.824

531,6>S

818,;:14

2,508.481

110,260
178,100

1.887,888

19.616.281

8,e61,E0t

8S6,16:

535.552
8.283.022
1,256,815
3.823,9^6

t
S,.'!4S,185

1S.O'.18,907

812,464

294.089
19,034
279,847
825,706

174.926

14,647.136

e38.28r-

22tj,31

8.537.990

257,674
218,93J

2,292,0!' S-

2,'!63,05.'

G53,04-

l,l36,9r.

19.278,679

P-lt',38r

3,059.023
l,480,7t7

200,."!:

7.C8S,6

ll,6H,0lt>
4,019,11'

1.162,0h
2t;,3ii,>!2>

Fraz^er

1901-05

SiLVBB— NBW YOBK

&

115,7! f

76,138,051

2.163,077

2.469.664
3,138.

65

41,n78.6P7

508,22

2,416,719

74,8a0.31«

3,735,418

^9,766,283

Carrington, the well

known

stock,

bocd and grain honse of New York and Chicago, have moved
from Ncp. 5 and 7 New St., opposite the Stock Exchange, to

1

..

—

.

:

THE CHRONICLE.

2438

[Vol. lxxx.

epacions and finelj-furnfshed ground-fl >or quarters at No. 25
Breadstafifrt Figures Brought from Pa^e 2470. -The
Broad St. The new cffioes are imposing in their furnishings statements below are prepared by
U3 from figures collected
and arrangenaenf, and are equipped with every facility for
by
the
New
York
Produce
Exchange.
The receipts at
and
hanextensive
wire
local
bu-iness
the
of
the tracsfiction
dled by the concern. The firm is a coneolidaion of Bartlett, Western lake and river ports for the week ending Jane 10
W. T. and since Aug. 1, for each of the last three years have been:
F^az'.ir & Cc. and Carringtoo & Patten of Chicago.
Carrirgton is the senior resident partn r in New York, and
F. Z ller. ^tetipU atrhis associates here are John P. Q.ier and
Flour.
Wheat.
Corn.
Oats.
Barley.
Bye.
The resident Chicago members are W. H. Bartlett, F. P.
BbU.imibs
Bush.
60 V.s Bush.mibsBushZ2lbs Bush.i8lbsBu.b6lb8.
Frazier, Q. W. Patten, J. A. Patten, H. F. Patten and C. B.
Chloago
109,688
30,000
1.644,100
3-3,418
1,695,374
15,000
Pierce. The firm is represented on the New Yjrk Sfock Ex- uuwaokee
87,100
68 960
38,000
168.80(
172.900
10,400
change, Chicago Stock Ex;^^hange and the Chicago Board of Oalnth
86,600
29.776
25.599
5,381
137
have
the
largest
connection
said
to
direct
wire
is
Trade, and
MinneapoUi
1,183,300
62.580
460.100
76,770
8,460
new bond depart- Toledo
of any house in the Uulted States.
191,000
8,000
280 80
400
ment has been created by it under Mr. J. P. Rj^an's manage- Detroit
4.o:o
39,000;
35,00(
3,'>50
ment, and in the future, besides its stock and grain business. Oleyeland ..
170,593
1.083
219,515
«
se- 8t. Louli
93,4C3
630.880,
37,616
It will deal largely in investment bonds and high-grade
328.050
3.030
Peoria
4,800
188,000
10,400
a-iO.8
2,100
curities of all kinds.
8.U0

Wm

A

• •

•

. .

'

Santas

I»IT1»JBNI>S
NtmM

Ptr
''em

vf Company.

Tot. wk. 1906

WXen

BooTct Cfloied.

Payobit

(Day* Inelvmvt.)

286,686
24^.669
317.566

name wk. '04
^amewk.'OS
904-5

Chlo. B.

A

I.

J'ly
).

Fltchburg. pref. (qnar.)
Indiana ills. <& Iowa
Lake Erie & Western, prel

Lake Shored Mich Sonthern
MahonlEg Coal BR., com
Maine Central (qnar.)
Michigan Central

Philadelphia

Erie,

(ft

&

do

4

J'ly
J'ly

6

Aug

2h

J'ly
J'ly

4

J'ne

2

com

St. Louis,

com
pref

Southwestern of
Street Railways.
Boston & Worcester Electric, pref

J'ly

J'ly

1

,

,

.

,

Banks.
Jefferson

2>a J'ly
J'ly
5
4 J'ly
J'ly
J'ly
6
J'ly
6

Mechanics' National
Mercantile National
State

West Side
Torkville

Tmst Companies.
Colonial
Franklin, Brooklyn (qnar.) (No. 60)...

Guaranty (guar.)
Knickerbocker
do

S
3
b

Long Island Loan

<& Tr..

B'klyn

J'ly
J'ly
2's J'ly

(qu.)

Metropolitan (No. 34)
Eeal Estate
Williamsburg, Bro' klyn (qoar.)
RilBcellaneouB.

J'ne
,

6
a

3 J'ne 26

1
1

J'ne 22

1
1

J'ly 4
J'ne 19

to

Holders of reo.
J'ne 20
to
J'ne 10
to
J'ne 16
to

1

2

J'ly

J'ne 30
J'ly
J'ly

to

2
2

Holders of rec. J'ne 20
J'ne 30 J'ne 24
to
J'ne 30
J'ne 30 Holders of rec. J'ne 30
J'ly

10
10

(extra)

J'ly
J'ly

1

3 J'ne 21
3 J'ne 21

to
to
1 Holders of rec.
30 J'ne 24
to
1 J'ne 20
to
1 Holders of rec.

4

J'ly
J'ly

4
J'ne 17
J'ne 30
J'ne 30
J'ne 17

Weber and Pianola, pf., (qu.)
1»4 J'ne
American Bank Note (qnar.)
J'ne
$1
American Can. pref. (qnar.)
J'ly
American Caramel, pref. (qnar.)
2
J'ly
American Iron & Steel Htt;..com.(qu.) 2 J'ly
Aeolian,

do

do

piet(qu.)

American Screw (quar.)
American Type Founders, com.
do
Celluloid

do

do

Co

(qu.).
pref. (qu.)..

(qnar.)

Central Coal <b Coke, com.(qu.) (No. 19)
do
do
pref (qu.) (No.48)

Empire Steel & Iron, pref
Mackay Companies, com

do
do
pref. (qnar )
Kergentbaler inotype (quar.)
National Sugar Bel'g, pref. (quar.)
N. Y. Air Brakb (quar.)
'

Otis Elevator, pref. (qnar.)
P. Lorlllard, pref 'quar.)
Bhode Island Perk. Hor8eehoe,pf.(qn.)
Securities Co
81(HH-8h»-ffield Steel & Iron, pf. (qu )..

Standard Gat L

,

N. Y., com. and pref.

Tornngton Co pref
Union Bag & Paper, pref. (qu ) (No.25)
Union Switch & Signal, com. (quar.)..
,

„<lo

do
pref. (quar.)..
United Fruit (quar ) (No. 2i)
United Gas Impt. (quar.)
Va -Carolina Chem., pf. (qu.) (No. "39)
West. Union Teleg Co (qu.) (No .147)
" Transfer books not cl'
sed.

3.581,038

6,388,1£9

8,751.788

2,0:0,451

3,170,036

8,027,790

.-

646,679
505,369
600,693

38.827
64,430

83,498

62,237,632 6,388.683
63.001.498 7,344,758
63.890,965 9,6-i0.608

Total receipts of flour and grain at the seaboard ports for
the week ended June 10, 1905, follow:
VPTuat,
bush.
103,400

Flour,

at—

Reeeipti

New

York.

bbls.

90.546
20,«73

.

Boston

,

Philadelphia.

Baltimore

New

Montreal
Total week..

Week

4.86<l

27,268
8,600
8.593
9.934
l.e08

Orleans*..

Oats,

bush.

B1439

658 663

888.180
1.360,173

Rye

Barley,
bush.
136,6 jU

buth.
965.900
8i.7^5
100,309
23.118
71.600
268.142
6,360

'"2,406

1.609.377
689.338

146.672
18,064

I

i62,e4o'

192 603
242.850

1904

Corn,
bush.
317.150
137.568
12,62
36,883
£6.798
63.500
157.500
6.750

37,228
1H,178
36.490

3i.lf'3

....^,,

Richmond

485,037

4.576
17.673

4 576
8.616

J'ne 21
to
J'ne 30
J'ne 16
to
J'ne 30
J'ne 21
to
J'ly 1
Holders of rec. J'ne 20
Holders of rec. J'ne 24*
l! Holders of rtc J'ne 24*
IVi J'ly
to
IVi J'ne ?0 J'ne 21
J'neaO
J'ly
Holders of reo. J'ly 10
1

1»4 J'ly
l»a J'ly
IVi J'ly
J'ly
\h J'ly
1
J'ly
J'ly
1
avj J'ne
J'ly
J'ly
2
l'^ J'ly
J'ly
3
1>« J'ly
2H. J'ly
l»<i J'ly
3
J'ne
3\ J'ly
\\ J'ly
2
J'ly
2'« J'ly
I'* J'ly
2
J'ly
J'ly
a
i>« J'ly

Holders of reo. J'ly 1
Holders of rec. J'ne 16
J'ly
J'ly

J'ne
J'ne
J'ne
J'ne
3 J'ne

1
1

2

36
26
18
22

18 J'ly 1
15 Holders
li J'ne 18
16|Hulders
16 J'ly 1

to
to
to
to
to
to
to
to
of rec.
to
of reo
to
to
to
of reo
to

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

16
15
2

12
12
9

Reoelpts do not Include grain pastlnK throagh
rongh blUs of ladins.

*

Total receipts at ports
follows for four years:

WHeat
rn
OHtB
Barley

Rye
Total grain

& Son

1904.
7,857,t:48

bush. 9.&8'^,^6ft
bush. 6rt,2.'i8.376
bush. 20,28rt,6S6
bush. 3,''53,765
bush.
192,342

19,772,010

bush. 88,969,988

Jane

10

compare as

1903.
9,396,537

1902.
9,073,306

579
035

47.479.772
9,532,466
19,717,778

2!5.299,396

43,91-0
57,*'22

18,49^,683
l,7i0,463
605,268

2«,113,1.0
2,' 61,348
i,697,l08

88,785.75;

130,464,lb0

1.483,l'-4

1,408,596

79,611.795

The exports from the
ending Jane

Wheat,
Exports from— bush.

New York

80.595
74,9 lO

Boston
I'hlladelpbla

—

The
July

1,

'04.

Oats,
bush.
89,3C0

8.313
19.421

'eo.cbo

107,588
34,?85
86,722
404,741
6,750

456,902 1.042 630
873,678
181.605

134.047
118.540

j9,3a»S

361,867

Mobile
Total week..

flour.
bbls.
43,31.2

28

29.718
8 387
88,810
1,608

New Orleans..

Same time

Corn,
bush.

383

.

Baltimore

Montreal..

several seaboard ports for the week
are shown in the annexed statement:

10, 1905,

Rye,
bush.

Barley,
bush.
123,817

Peas.

379,1«4
5.250

96,325

8,e4d

534,71?

824,172
6,850

I8.8f2
18,305

week and

since

-Flour.

9r0

132,934

Wheat.

,

,

biuh.
4,886

50
948

destination of these exports for the
1904, is as below:

Corn.

,

,

Week Since July
Week Since July
Week Since July
Exports for
1, 1004.
June 10
June 10
1. 1904.
week ana since June 10.
1. 1904.
^bl8.
bbls.
bush.
lyush.
bush.
bush.
July 1 to—
3tJ5,446
11,629.897
648,603 35,458 0!!
Onlted Kingdom. 88.ia7 8,9< 8,546
81,riV6
3430.)7 48,854,916
1,095.186
Continent ...
71,406
1,837,801
3,3t)0
6«7.817
729.171
17,e05
17.8-'l
3. & C. America.
West Indies
Br.

81,809

N.Am, Colo's

8,707

other countries.
Total
TottU lbOJ-04.....

21,548

1,018,166
110,486
322.0(4

134,047 6.172519
118,540 14,090,762

33.485

466,902
873.6.2

13,02 i.678
59,31^,543

1.831 636

164,965
90.780

53,414
1,013,630
18i,6(:5

80,351.626
55,031,026

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, June 10, 1905, was as follows
In

store

at—

New York
Do

Boston
Philadelphia
Baltimore
New Orleans

Qalveston
Montreal
Toronto

100 Union Exchange B4nk..201
lOJ Title IiiS. Ou. of N. Y.... 19018
50 Nat. Bank of Commerce. i09''8
2TrastCo. of America. ..77014
waukee, wis. (asBfBb't
1 Weltbaoh Co
20
of6fc23i>. c. unpaid). ..100
Bond$.
20 Ohio & Ind. Cons. Natu.
$217 41 Mtitropoiitan Water
A I liim G .H Co
$15 lot
Co. of W Va (Kansas City)
7II,.nover Nut Bank
600
1st 4 p. o. bond horlp
40
€0 Anier. BrasH Co. of Wa$3,000 Pitts. Shaw. & Northteibury. Conn.
H2i«
ern KB 48, 196/
60ii
60 United Wine & Ti ad. Co. 62
*8.000 Nor.Car.boLds (West.
2.5 Anrifcr. Ex( h. Nat. BaT)k.275»«
N. C. RR.). due Oct.. 18H8.
2\
1 Bond <k Mort. Ooar. C> 400
$2,000 N»r Car. bond8(Wt Bt.
10 N. Y. Nat. Exch. Bank..205i2
N. C. RR), due 1897
50»«
By Messrs. Richard V Harnett
Co.:

&

941^

180.000

Oats,
bush.
847.000

77,000
59.000

147.000

biuh.
65,000
18,000

10.000
104,0<)0

'

Barley
bush'.

110,000
60,0UU

9.006
33.000

68,000

98,01.0

18,00 J

40.000
884,000

4^l'6,00d

146,000

«e-5,00J

3.000

isidfioo

....

afloat

Do

166,000

8,000

1,000

7.000

1,003,000

786,000

1,078,000

92.000

2:5,000

9.000

1S6,000

2,000

111.000

afloat

Chicago

Do

afloat

Milwaukee

Do

afloat

Fort William
Port Arthur
Duluth.

Do

8,780,000

868,000
l,668,bo6

i2-",od6

iss.boo

7,11^,000
1,617,000

IH.OOO
40.00

1,1195.000
3114.000

24,000
4,000

184.000
18.000

431.000

44,000
243,000
27,000

8,(366

'"ifioo

5S,000

58,000
47,000
147,000

488,000
186,000

1,662,000
9,000

837,'i00

9,'6d6

71.000
113,000

1905.18,166,000
1906 2O,0<8,0.0

8,"<78,000

7,338,000
7,744,000

876,000
H2y,0 '1
SdH.OOO
670,000
664,000

l,837,00u

afloat

Minneapolis
8t. liouls

Do

afloat

Kansas City
I'coria

Z,0(iu

ludluiiapolls
Mississippi Uiv.

On
Oil

Lakes

On

canal und river

Total
Total
Total
Total
Total

bush.
107.000

79,000

Detroit

25 Realty Aa8oolate8.152i4-ina''g
8 Title Guar. & Tr. Co.667-671

Corn

bxish.

41,000
876,000
17,000
8b4,000

afloat

Do

:

Wheat,
329,00J
32,000
137,000
84,000
76,000

afloat

Toledo

Slocks.

$60,000 Gratd Ruplds Edison Oo.'ut'is, lbl6

1 to

1905.

bbls.

Cl

from Jan.

4,518.159

Receipts of-

Flour

Buffalo

Slcckt.

Jrleani for foreign

4

17
J'ne 30
J'ne 30
J'ne 38
J'ly 16
1 J'ne 21
J'ly 2
J'ne 30
30, J'ne 21
1 Holders
J'ne 19
15 J'ly 1
J'ly 16
10 J'ly 1
to
J'ly 10
10 J'ly 1
to
J'ly 10
16 Holders of reo. J'ne 30
16 Holdera of rec. J'ne 30
IB J'ne 30
to
J'ly 19
15 J'ne 21
to
J'ne 30

Amctiun Hales- My Messrs. Adrian H. Muller

New

oori0 onth

Do

lOOOrUntal Rank
250
to Wikt. Bank of No. Amer.240
10 First Nitt Bank of Red
Batk. N. J
340
10 United Nat Bank
90
300 First Nat. B^nk of Mil-

8.444,163,

•

Holders of rec. J'ne 2i
Capital Traction, Wash D. C. (qu.)...
J'ne 30 J'ne 16
to
J'ly 1
J'ne 15
Lynchburg (Va ) Tr. <fe Ight
I
Manchester (N. H.)Tr.,Lt. &P.(qnar.!
IH J'ly 15 Holders of reo. J'ly 1
1
Beading Traction
Holders of reo. J'ne 17
750 J'ly
Boanoke (Va ) By. * Eleo
J'ne 15
2
1 Holders of rec. j'ne 19
St. Joseph (Mo.) Ry., ' t.,H.<S>P.,pf.(qu.)
lU J'ly
Tw.nCity B. T Mlnneap pref (qu )
1»4 J'ly
1 J'nelS
to
J'ly 2
2^5 J'ly 20 Holders of reo. J'ly
United Traction, Pittsburgh, pref
6
2

1902-3

J'ne

If. Holders of rec J'ne 30
J'ne 80 Holders of reo. J'ne 13
J'ne 3 Holders of rec. J'ne 22
l>s Aug 15 Holders of ree. Aug 5
J'ly 1^ Holders of rec J'ly 6
2
to
J'ly 6
an J'ly 5 J'ne 16

4

1,611,289
l,828,4f0

17,882.04^ 204 380,476162,459 482144,186.757
I8,f89,0t7 830.431.694143,240,356167,439.601

,

MobUe

l-* J'ly

2
3

do
Georgia

do

Aug

I

2

Washington

Pitts. Oln. Chic.

2

l»« J'ly

Minneapolis & St. Lonls, pref
Mobile i& Ohio
N. Y. Central & Hudson Elver (qu )..
N. y. N. Haven & Hartlord (qnar.)..
Northern Central

&

Holders of reo. J'ne 16
Holders of reo. J'ne 1
Holders of rec. J'nelS
Holders of reo. jtfaySl
Holders of reo. J'ly 21
Holders of reo. J'ne 30
Holders of reo. J'ne 30
Holders of rec. J'ly 21
Holders of reo. J'ne 16*
Holders of reo. J'ne 30
J'ly 1
to
J'ly 16

$1 63 J'ne
1»« J'ly
J'ne
2
J'ly

Pacttlo^y. (special)

Concord <& Montreal, all claases (qu
Del. Blver BR & Bridge

Phila. Bait.

to
J'ne 20
Holders of reo. J'ne 13
J'ne 27
to
J'ly 2

Aug

6

157,80(

14.S95.f85 191,333.383 164,171,423 145.369,35-

1903^

J'ne 16

J'ne

I

878.000

line* Avtt. 1

Railroads (Steam).

Ashland Coal & Iron (g^aar.)
Bald Eagle Valley
Chic. Burl. & Qalnoy RR. (qnar.)

251,000

City.

June
Juue
Juno
Juue
June

10.
3,

.

11, K04 i8,476,o00
l:<, 1V08 80,Oj4,000
14. 1902. «3,6:o,000

4,658,000

668,000

4.fl58,000

5,37-<.000

4,8dO,000
4,719.000

4.067.000
2,444,000

1,007,000
1,227,000
1,618,000
682,000
34'J,000

—

..

June

a

s

;

THE CHRONICLE.

17, 1905.]

—

New York

City Clearing Hoase Banks. Statement of
condition for the week ending June 10, 1905, based on aver-

age of daily

results.

We omit

BANKS.

two ciphers (00) in all

Surplus.

Capital.

Loans.

New York

City, Boston and Phil: deiphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is

a

summary

eases.

Specie.

2439

We omit two

Legals.

t

Deposit!. Re.

OOs omitted.

Capital &
BAKKS Surplus.

Loans.

ciphers (00) in all these dgures.
Specie.

Legals.

N. Y.

America
Phenlx
City

Chemical ..
March. Ex .
Gallatin....

Bnt. & Drov
Mech.&Tra.
Greenwich
Amer.Exch.
Commerce..

Mercantile
Pacific

Chatham...
People's

...

N. America

Hanover

...

Irving
Citizens'

Kassan

..

....

Mar.<fe Fnlt.

Shoe&Lthr.

Com Exch
Oriental ...
Imp. & Trart
.

Par\
East River
Fonrth ....
Second ....
First

N.Y.Nt.Ex.

Bowery

...

N. Y. Co...

German Am
Chase
Fifth Ave..
German Ex.
Germanla ..
Lincoln
Garfield....
Fifth

Bk. ofMet..

West

Side..

Seaboard ..
IstN.Bklyu
Liberty

N.Y.Pr.Ex

New

Amst.

Astor
Total

...

$

$

2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700.0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1.000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
260,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1.000.0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300.0
1,000,0
1,000,0
500,0
350,0

2,604,3
2,491,7
l,435,r.

3,468,4
3,563,0
218,8
17,480,7
7,l..H8,7

$

$

18,247,0
26,873,0
14,304,8
22,362,0
21,975,2
5,122,0
184,117,8
24,299,0
6,170,1
8,639,9
2,098,6
4,990,0

365,8
2,234,4
119,9
357,6
4,i'9'.i,6
547,4
4.260,9 28,608.8
12.113,0 154,103,3
4,371,9 21,486.7
3,510,5
618,7
6,266,8
1,045,5
422.5
2,217,8
2.021,8 14,800,0
6,961.5 47,899.1
7,046,0
1,088,5
634,4 14,449,2
317,:i
3,329,6
6,928,8
1,385,8
6,946,7
429,1
3,276,0 30,569,0
8,532,9
1.077,3
6,718.9 23,883,0
7,324,7 69,745,0
109,0
1,222,6
3,015,9 2 1,85 2.
9,743,0
1,519,4
15,914,3 97,358,3
8,91)8,3
883,1
768,0
3,327,0
7'J9,5
4,799,6
532,.'
3,924,4
4.399,5 44.700.0
9,945,0
1.784,7
2,87«,8
705,6
2,731,5
873,0
13,170,1
1,42S6
7,619,5
1,287,7
418,5
2,732,7
9,968,5
1,485,6
646.4
4.175,0
1,471,9 14,536,0
625,3
4,230,0
2,038,0 11,584,0
6,466,9
497,6
6,27h.7
580,9
594.6
4,546,0
-.i

3,173,0
5,772,0
3,284,1
3,394,0
4,0:<6,8

1,070,0
36,802,1
4,152.9
950,1
1,086,7
651,6
942,0
630,0
3,197,4
21,019,1
3,558,8
iSl.K
647,5
451,1
1,043,5
10,252,2
1,160,9
3,795,b
378,3

947.6
2,096,0
5,836,0
2,227,4
3,808,0
18,211.0
231,2
4,319,1
618,0
22,249,4
1,728,0

512,0
937.0
605.2
11,590,5
2,429,2
215,0
463,6
742,9
1,711,:::

562,7
1,873,2

824,0
2,833,0
627.0
2.455.6
1,145,6
1,020,5
935,0

$
17,608,0
31,410,0
18,200,9
23,187,0
23,754,7
4.998,0
180,809,9
22,742.3

P.O.
27-5
25-7
26-9

1,682,0
2,301.0
1,615.3
25-5
2.529.0
26-1
2.177.4
26-8
274,0
25-6
9,559,5
26-0
1,767.9
628.9
6.667,2 23 6
587,4
6,571,1 250
69.2
2,867,1 251
590.0
5,854,0 26-1
378,1
4,470,6 22-5
1,924.8 21,632,1 23-6
13,8S0,4 139,293,1 25-0
1,391.7 1 8,333, 27 '0
439,2
3,911,5 18-6
967,0
6,383,3 25-4
308,2
2,774,6 27-3
2,116,2 13,016,3 24-2
5,014,6 57,199,1 26-6
403,2
6.517,0 24-0
1,553,1 18,616,5 28W
4i/7,4
3,868,5 20-3
6,'i60,-. 23-4
614,6
471,7
9,595,1 26-7
3,806,0 37,762,0 25-5
456.7
9.477,'J 28-3
1,411,0 20,996,0 24-8
5,556.0 82,860,0 28-6
201,4
1.507,1 28-V
2,339,4 25,434,4 29-8
2.083,0 10,431,0 25-8
2,425,8 91,497,0 269
495,8
8,673. 2o-t.
391,0
3,910,0 230
468,0
5,822,5 24-1
199,0
;^,762,l 21-3
1,800,9 52,584,2 25-4
415,7 10,993,5 25-8
705,9
3,937,4 23-3
695,5
5,590,4 20-7
2,613.7 14.191. 23'6
307,4
7.853,0 25-7
138,0
2,841,7 24b
823,8 11,719.5 23-0
350.U
4,668,0 2o-l
1.647.0 17,247,0 2o-y
783,0
4,623,0 30-4
250.0 10,254,3 26-3
462,8
6,301,6 2b -o
583,4
7,43«,6 21-5
281,0
4,579,0 26-5
-'

•-'

115,972,7 138,953,6 10895209 205,492,7 85.293.0 11238328 25 8
t

t

CiTCIL-

lation

Total United States deposits included, ^12.731,700.

—

Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending June 10, 1905, based on average of daily results.
We omit two ciphers ''00) in all cases.

$
253,629.2 11204268 215,174,2
253,629,2 11110034 214,622,8
J'ne 3 253,<;29,2 11012831 204,546,5
J'nelO 254,926,3 10895209 205,492,7

May20
May27

$
84,333,7 11651517 45.308,3
85,625,3 11551292 45,835,7
85,623,'- 11364777 46,273,0
85,293,0 11238328 46,575,1

BANKS.

Capi-

Sur.

Invest-

OOs omitted.

tal.

plus.

ments.

Leg. 3.

Specie.

l.<',144,0

6,776.(1 222,715,0

J'ne 3
J'nelO

1.^100,0
17.284,0

6,012,0 223,878,0
6,389,0 221,837,0

191,864,0
42,139,5 191,115,0
42,139,5 192,153,0

Notes.

67,962,0
67,295,0
66,049,0

47,960,<» 220,879,0

J'ne 3
I'nelO

47,960,0 221,403,0

131,042,0
126,574,9
140,750,3

265,235,0 12,615,0
263,802,0 12,725,0
26'2, 200,0 12,738,0

135,567.2
131.502.4
136.736,3

t Including for Boston and Phil<adelphia the Item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on June 10 to $1,747,000 on June 3 to $1,742,000.
;

June
June

8
9

—

Exports for the Week. The following are
for the week ending for dry goods
and for the week ending for general merchandise

Imports

antl

the imports at

New York

week January.

also totals since beginning first

;

FOREIGN IMPORTS.
For week.

1905.

Dry Goods
Total
Since Jan.

1904.

1903.

$1,338,541;

$1,777,891
10,688,428

$1,591,296

7,603,913

$11,579,355

$8,942,459

$12,466,319

$9,754,363

$64,726,047
262.359.329

$55,263,423
215,338,574

$63,051,969
211.058.230

$56,184,096
190,869,180

General Merchandise
Total 23 weeks

$327,085,376 .$270,601,997 $274,110,199 $247,053,276

of dry goods for one week later wiU be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 12, and from January 1 to date.

The imports

in

EXPORTS FROM
For the week
Previously reported..
Total 23 weeks

NEW YORK

FOR THE WEEK.

1905.

1904.

$10,158,657
232,467,019

.$8,761,345

.$7,87'2,49:-t

208,759,154

222.8i'.4.153

1903.

Man&Sr'nx

$
142.6
68,2
62,8
264,5
Colonial....
315,9
Columbia ..
Cousol. Nat. 1,000,0 1.055,1
124,9
Fidelity
200,0
14th Street.
100,0 131,4
87,1
Qansevoort.
200,0
Hamilton .. 200,0 133,2
333,5
Jeflerson ..
400,0
129,7
Mt. Morris
250,0
226,0
Mutual
200,0
194,0
Ward
.
200,0
19th
242.2
Plaza
100,0
103,2
Riverside .
100,0
767,1'.
100,0
State
117,5
12th Ward .
200,0
109,5
23d Ward
100,0
Union Ex;ch 750,0 536,
United Nat 1,000.0 163,0
YorkviUe .. 100,0 293,7
30O.0
212,7
Coal & I.Nat
250,0
Metrop'lit'n 1,000,0
34th Street. 200,0 205,0
$
100,0
100,0
100.0
100,0
300,0

.

Borough

$

15,2
26.1
24,1

35.5
29.1
31,0

71.7

315.5
275.0
42,0

407.0
299,1
21,7
147,8
12,9
193.5
10,6
160,7
20.0
32.2
196.0
11,4

525.0
35,0

l.i'98.9

53,1

889,0

114,2
246,3
42.7
527.3
123,0
305,1

.-

2.204.8
2,921,2,577,:;

2,107,5
1,255,5

$

49,5
119,1
185,5
144,1
170.4
109,1
262,4
201,9
208,0
92,3
288,0
206,0
155,1
436,0
55.1
307,0
191.1
27,5
2,4

73.6
50,9
38,6
388,2
354,0
592,8
68,5
231,0
115,7
226,5
2()t»,2

'iil:z

232,4
381,8
299,0
62,1

88,0

251.0
182.9
U03,8
83,0
241,:.

742,1
265,2
128,4

19,5
26,9

239,0
3,0

175,0

243,0
61,9

310,0
178,7
56,2
56,5

261,0

$
650,8
841,2
682,3
4,011,2
6,526.0
2,407,0
889.8
2,948,3
2,288,5
4.945.9
2,896,6
3,473.4
3,536,2
2.907,9
3,805,0

202,1 1,716.3
1,660,0 10.554,0
75,0 2,677.0
174,0 2,181.4
616.0 6,789.0
1,271.4
137,8 3,378.2
87,4 3,605.1
843,0 2,1 27,5
10,9 1,298,9

200,0
150.1

.

..

Mfrs.'Nat..
Mechanics'
Merchants'.

Nassau Nat
..

North bide.
Peoples
17th Ward

.

•

300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0

97.3
348,4
159,1
6(17,8

1.982,6
2,527,5
1.S41,8
3,598,3

500,3 111,086,7
64,3 1,621,5
806,2 5,349,0
598,4 3,509,0
170,0 1.417.1
191,6 1,90.5,3
749,7
92,7

135,4
214,4

389,5
305,3

107,2
562,5 1,355,7
307.5
163,8
681,1
406,0
829,1)
357,0
40,0
91,2
85,4
163,7

11.1

255.0
145.0
21,9
58,6

61,7

170,4

403,9
267,0
681,2

10,7

60.1

72,J

192,0
37.7

297,4

938.7

96,0
62,6

400,0 1.118,7

4,402,3

172,3

250,0
250,0
200.0

663,4
122.4
3ol,4

2,537,2
894,9
1,624,1

86,2
69.2
48,0

71,0

110,0
125,0

546,3
169.2

2,612.5
1,366,0

192,3
45,3

Union
WaUabout
Jersey City

200,11

112,2
95,8

2,949.1

Frrst Nat...

.

26.6
11.3
109,1

100,0

34, .s

66,8 2,180,2
2,820,7
48,9 2,032,8
300,0 4,582,0
184.9 12,638,0
142.0 2,145.4
6,431,0
197.0 4,461,0
182,9 1,550,2
1 1 1 ,5
2,115,3
134.9
853.8
895,3 4,194.4
114,5 1.013.0

326,7 1,428,3

933,0

6,643,1

103,0
26.3
11,6

2,363,5

17,7
92,1

355.1
208,H
379,6

32.6
47.7

172,4
74,3

480,3
80,9

2.906,3
1,297,9

Hudson Co
National
Second Nat.
Third Nat..
.

946,7
1,914,1

HOBOKEN.
FlrstNat...
Second Nat.

$242,625,670 $217,520,499 $230,736,646 .$220,727,035

EXPORTS AND IMPORTS OF SPECIE AT

NEW YORK

Great Britain

France

$330,922
3,880,093

4,67i','793

'ifSJo's

5,000

63,300
7,250,000
3,000

2.320
91,693
2.205

$127,600 .$32,889,146
23.110 64,29-,i,519
21,061,007
1,642,958

$99,923
274,773
13,882

All other countries

Germany
West Indies

Since Jan. 1,

$l22i606

Mexico
South America

France

Week.

1.

$1,500
20,899,553

..........

Total 1905
Total 1904
Total 1903
Silver.
Great Britain

Imports.

Since Jan.

Week.

$62a.243 $13,138,010
475,33.->
167,335
12.892
1,892
89,582
18,087

*i',.VlV)

6"79,999

62,218
1,264

Mexico
South America
All other countries

289,942
78,775
7l2,7o7
61,014
.$5,353,453

5,854,811
3,019 0£4
.... ....

$20
45.504
487 766
1,054,151
8,903

6.907

Total 1905
Total 1904
Total 1903

$815,557 $14,402,725
721.495
19.605,259
198.490
15,632,171

.165,001

19,206
41,749

$1,596,349
420,777
767,151

Of the above imports for the week in 1905, $42,700 were
American gold coin and $347 American silver coin. Of the
exports during the same time, §127,600 were American
gold coin and ^17,700 were American silver coin.

—

—See page preceding.

Stxuliitxg

and

;giiiaixciaX>

Spencer Trask
P/lonthly

Descriotive List

&
of

Co.

High-Grade

INVESTMENT BONDS.
Transact a t^eneral bankino^ business and execute
stocl< and bond orders upon the
New York iutock Exchange.
Branch Office, Albany, N.Y.

William and Pine

Moffat

St;?.,

New Yort

& w^hite^

members New Vork !\$tock Excbanse,
HANOVER BANK BUILDING,
6 NASSAU STREET.
i>caler8 in InTCStment Securities.
COMMISSION OKDEUS EXECUTED FOK CASU ONLY,
•

Tot.J'nelo 114370 130349 1230734 5,737,7 7.079.1 140232 9,351.8 1395015
Tot.J'ne 3 114370 128954 1222508 5,795.0 6,481.7 139725 8,917,8 1375853
Tot. May27 114370 128964 1218838 5.713,5 6,618.9 139751 9.279.5 1392487

$7,736,065
212.990.970

The following table shows the exports and imports of
specie at the port of New York for the week ending June 10
and since Jan. 1, 1905, and for the corre.sponding periods in
1904 and 1903.

Auction Sales.

Broadway

Nat. City

2,756,5
3.394,5
2,327.2
3,556,0
1,505,1
8.681,0
2,089,0

$

01

Brooklyn.
Borou.gh ...

Brooklyn

781,6
763,1
651.8
3.382.5
6.077,0
3,696,3
897,1
2.573,3
2,089,8
4,360,8
2,923,6

1902.

Note.— As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."

Germany
West Indies.............
*

8,16:;,067

1.

Net

N. Y. CrrY.
Boroughs of

1902.

$2,022,980
9.556,375

General Merchandise

Gold.

Clear'y Other Deposits
Agent. Bks.&c

1,47'2,648,6

7,840,0
7,775,0
7,643,0

I'hiln.

May27 47,960,0 221,722,0

Deposit with

iBank

1,782,317,8
1,821,694,8
1,553,392,9

Bos.

May27 42,139,5

EXPORTS.

Loans d

Wash. Hgts
Century ...
Chelsea Ex.

Clearings.

s've.

•$

Bk. of N. Y.
Manhat. Co.
Merchants'
Mechanics'.

Deposits.^

'

THE CHRONICLE.

2440

[Vo£^ LXXX.

State and Railroad Bonds.— Sales of domestic State bonds
Board $10,000 Virginia fund, debt 2-8s at 97*^.
„
A conspicuous feature of the bond market has been great
activity in the various Japanese issues at advanced prices.
This movement is the result, as is well known, of the pros-'
pects of peace ani of the future standing, financially and
otherwise, of the Japanese Empire. Aside from the dealings in these bonds the market has been unusually dull.
Central of Georgia issues have lost a part of their recent
advance, while Rock Island and Union Pacifies have moved to
a higher level. Green Bay & Western debenture Bs show
a gaia_ of 2 points on very limited sales, Other changes in
the active list are fractional and unimportant.
United States Bonda.— Sales of Government Bonds at the
Board are limited to $1,000 4s, coup., 1905, at 183. The
following are the daily closing quotations; for yearly range
at the

f^* For JHvidendB

see

page

2438,

WALT. STREET, FllIDAY, JUNE Ifi, 1905.-5 P.M.
The Money Market and Fina^icial Situation.— Saturday's
news to the eflfect that both Russia and Japan had agreed to
enter into negotiations with a view of establishing peace
and the announcement of a more hopaful outlook in Equitable affairs gave a decidedly more active and buoyant tone
to the security markets on that day. This tone continued
to some extent during the early part of this week, but the
factors mentioned have ceased to exert a stimulating influence and the volume of business has gradually declined to a
point below last week's minimum and almost down to last
year's low record, which was on June 2Sth.
A little more doubt has been created as to the reliability
of former estimates of the spring-wheat crop by the estimate given out this week of a well-known Western expert
whose figures in past years have proved to be very nearly
It is reported that some of the granger stocks have
correct.
been freely sold and prices somewhat depressed by this
estimate.
However this may be, it is true, as noted in our review of
the stock market below, that there has been a substantial
reaction from t tie advance which followed the news mentioned, and closing prices are about on a level with those of
a week ago.
slightly firmer tendency is noted in call-loan rates, but
by far the larger part of the business in this department has
been at about the rates that have prevailed for some time

A

see third

page follouirg,
June
10

Interest

Periods
28,

1930

registered

2s, 1930
coupon
2s, 1930, small.registered
2s, 1930, small
coupon

Q— Tan
Q—Jan

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

*

1918
1918

This

registered

coupon

is

June
12

June
13

June
14

June

June
16

15

"104
*104
•104
*104 '104
*104J2 *104i2 *104i2 *104ia *104i2

104
104 Vi

io3->i

*ib4" •104" *i04" •i04" '104

*104

*104

*

*104

*104

'104

'104

103^2 *103i<^ *\'&s'^ *i03ii »103^2

•104
*105
*132
"132

*104
*105
•132

132

the price bid at the morning board

;

•104
•105
•132

'104
•105
•132
I32I4 I32I4 133

*104
•105
•132

*104
*105
'132

"132^

no sale was made.

Railroad and Miscellaneous Stocks —The stock market
was more active and strong on Saturday and Monday than

we

past.

I

last

reported

it,

but the daily transactions are again

re-

The open market rates for call loans on the Stock Exchange duced to very limited proportions and the high quotations
during the week on stock and bond collaterals have ranged of Monday have not generally been maintained. The exfrom 2 to 1% p. c. To-day's rates on call were 2li@2}4 P- c.
Prime commercial paper quoted at 33^@4 p. c. for endorsements and 3%@i}4 for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £155,983 and the percentage of reserve to liabilities was 50"91, against 50*02 last week,
the discount rate remaining unchanged at 21^ per cent. The
Bank of France shows a decrease of 4,850,000 francs in
gold and 2,575,000 francs in silver.
NEW TOHK CITY CLEARtKG-HOUSE BANKS.
Di^erences

1905

1903
June 1.3

1904
June 11

yrom

June 10

previous week

115,972,700
115,972,700
134,148,300
138,953,000
Loans & discounts l,089,5y0,900 Dec 11,762,200 1,042.093,300
302,100
Circulation
40.575,100 Inc
38,088.000
»1,123.832.800 Dec 12,644,900 1,109,231,200
Net deposits
940,200 231,042,500
Specie
205.492,700 Inc
81,227,700
Legal tenders
85,293,000 Dec
330,200

109,822,700
129,251.100
903,362,000
44,006,100
886,829,700
156,145,400
75,039,200

Capital
KTirplus

Reserve held
25

deposits

p. c. of

290.785,700 Inc
280,958,200 Dec

616,000
3,101,225

312,870,200
277,307,800

231,184,600
221,707,425

35,502,400
9,477,175
9,827,500 Inc 3,777,225
Surplus reserve
*S12,731,700 United States deposits included, against $12,708,500 last
•week and $23,363,800 tlie corresponding week of 1904. With these United
States deposits eliminated, tlie surplus reserve -would be $13,010,425 on
June 10 and $9,242,400 on June 30.
Note.— Returns of separate banks appear on the preceding page.

—

I'oreign Exchange. The market was almost stagnant this
week, rates were without important change and there were

few features

of interest.

To-day's (Friday's) nominal rates for sterling exchange
were 4 86 for sixty day and 4 88 for sight. To-day's
(Friday's) actual rates for sterling exchange were 4 8515
4 8525 for long, 4 8710@4 8715 for short and 4 8730@
4 8740 for cables. Commercial on banks, 4 8485@4 8495, and

documents for payment, 4 8iJ^^4 8530. Cotton for payment,
4 843^@4 843^
cotton for acceptance, 4 8485@4 8495, and
grain for payment, 4 8520@4 8530.

ceptions in this particular are Atchison, TUinois Central,
Manhattan Elevated and General Electric. Some of the
grangers have fluctuated widely, presumably on crop news,
while the coal stocks have been relatively firm daring the
general decline. The latter averaged nearly 2 points for
the entire active list and there have been few exceptional
features other than those noted above.
Miscellaneous and industrial stocks followed closely the
general trend of the market and were inconspicuous in the
week's transactions. The United States Steel issues advanced
2 points on the week-end upward movement, about lialf of
Iron moved up
which has been retained. Tennessee Coal
sharply and closes substantially higher than last week.
Anaconda Mining, on the other hand, shows a net loss of

&

2K points.

£or daily volume of business seepage S450.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
Week Ending June IS
Preferred
Ice Securities

Chic «fe No West rights.. 13,916
32
Oleve * Pittsb, «uar
2,430
Del <fe Hudson rights
100
Det Sou, pref, tr rects...
700
Ft
<Sj Denv C, stmpd..
li.'O
eeneral Chemical
100
Havana Elec Ry
700
Preferred
100
Homestake Mining
Keokuk <fe Des Mo, pref. 2'JO
690
(Chicago)
Knlok Ice
100
New Central Coal
2B0
Dock Co, pref
32
f Ittsb Ft Wayne & Chlo
lOU
Qtilok8llverMinln(r
Hid
<&
West...
Peoria
Toledo

W

NY

Twin

City

B T rights....

U8

Leather
Preferred

Itangt for week

Range since Jan,

1.

Week
100
300
620

Amer Beet Sugar

Amer

Sales
for

12 795
401)

24 .Tan
24 J'neie
85 J'nelO 77 Jan
27\J'nel6 25 J'ne
13i«J'ne
13>..iJ'nel2 14 J'nelO
1S3 J'nel3 183 J'neiS lg2i4Maj
^J'ne
Wnel6 •J^J'nelS
42 J'ne
42 J'nelfi 42 J'neie
6tfi«J'nelO TO J'nelt.
44 Jan
60Wnel4 eCtJ'neU 6« Mar
15 Apr
15 J'nelS 16 J'neie
60 J'ne
BO J'ne 16 56 J'nel3
71 Jan
78>2J'ndl6 78'aJ'nel6
40 Maj,
46 J'neia 4S J'ne 2
IJ Jan
19iaJ'uel4 19'4J'ne;6
42 Feb
42 J'nelO 42 J'nelO
^9 Jan
es'sJ'nelS OHHiJ'nei:18>lHiJ'nel3 185 J'nelP 182^2 J'ne
Mar
1
J'ne
6
1
1 J'neie
13 Feb
19 J'nelZ 19 J'neia
^J'ne
Wnel4
kJ'uelO

24 J'ne 6

3-4

84
25

85 Mar
27'^J'ne
14 In J'ne

J'nelO
J'nel5

lis^j'ne 4

12'* J'neie

300 lOT'iJ'nelO lU8\J'nel3

U

Apr

lOO^eJjsii

l-iS

"ijMar

Jan

42 J'ne
70 J'ne
62 May
17 Apr
«2iuApr
80 Apr
52>'jMar
21',Apr
42 Feb
66 Mar
136 Jan
ISgFeb
19

Feb
i-jj'ne

U«8Jan
109^iMar

;

To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18i^@5 11%* for long and 5 lQ}4t@5 163^* for short.
Germany bankers' marks were 94 13 16(tt947^t for long and
95 3-lGt^95 3-16 for short. Amsterdam bankers' guilders were

40i^§@40 5-16* for short.
Exchange at Paris on London to-day, 25 f. IGJ^c; week's
range, 25 f. 18i^c. high and 25 f. 16i^c. low.
The week's ranse for exchange rates follows:
-Lonij.Sterlinrj Aclua',

High....(

Low

I

4 8515

©4 8525

4 8510

4 8620

J-aris lianlcen'

Hijrh....|

Low

I

®

4 8710
4 87

-S)

©

5 1818*

I

4
a> 4

8715
8705

16V

5 l-'a*
Sift's

5 16'4t
5 167t,r

®
®

5
5 1678

®
®

953ia

®
®

4OB18*

Germany Hankers' Marks—

Low

®

4 87.30

4 8730

®

®

4

8740

i 8735

Fravcs—

olS's

Hi({h....|

-Cables.-

-Short.-

—

94i3io

'til

i)4M

;'53i«t

941-1,1

'di

'.t4''et

95

'si

95

®
®

H>eh.„.|
Less:

I

*h'^

"'

y,'^-,

i ''m of

1%.

*

^32

<•'

^%-

I

40M?

I

4oaig

*

*32 °' ^

-'o-

40 '4

^^^^

The

:

Ban irancisco,

50c. per ,$1,000

premiuir

United Copper common fluctuated between 23 and 25 J^ and
ends the week at 24; the preferred was quiet between 69^
and 713^; the last sale was at 70i^. Standard oil was conto-day there
spicuously strong and rose from 605 to 620
was a reaction to 615i^. Practically no attention was given
to Northern Securities, only about 4,000 shares changing
hands during th week; the price ran ed between 163J^ and
165 and the last sale was at 164, on Wednesday. The ''Stubs"
declined from 262,i^ to 200 and ended the week at 212^^.
U. S. Leather common (when issued) ro.se from iO^g to i^%
and closes to-day at 45; the preferred ran up from lOO;^ to
101%. New Orleans Railways preferred (whea issued) advanced from 78K to 81; the common (when issued) rose
Interfrom 873^ to 385,^, but later fell back to 373^.
borough lost 3 points to 201 and ended the week at 203
Out ide quotations will be found on page 24'30.
-

H

he Of lo/o.

**

I32 of

IO/q.

following: were the rates for domestic exchange on
at the under-mentioned cities to-day : Savannah,
buying 50c. per $l,0nc discount; selling 75c. i)or $1,000 premium; Charleslon, 123^0. per $1,000 premium; New Orleans,
bank, GOc. per tl-OOO disnount; commercial. 750. per $1,000
discount; (Jhicaq;o, par; .St. Louis, 4i5o. per $1,000 premium;

New York

;

;

's

Amsterdam Jianken' OuUders—

Low

Outtiid« Market— Apart from Greene Consolidated Copper and Greene Consolidated Gold, both of which displayed
considerable activity and much weakness, very little interest has been manifest in the market for unlisted securities
this week. Various unconfirmed rumors concerning the
condition of the Greene Gold property induced heavy
stock,
and resulted in a break
this
of
selling
was
there
subseqnently
to
points,
2%;
of
2%
i% and the close to-day was
recovery
to
a
at 4, Dealings in Greene Copper have also been on a very
large scale the price of these shares rose 1 J^ points, to 24^^
in the early part of the week, but on Tuesday dropped to
203^; at the close to-day the price moved up again to 21%.

^

—
S

.

.

New lork

Exchange— Stock

Stock

8
5

4

..

Record, Daily,

.

Weekly and Yearly

OCCUPYING TWO PAUES
STOCKS—H20UEST AND LOWEST SALE PRJCES
Mondav

Saturday
June lu

June 12

Wednesday
June 14

Tuesday
June 13

Thursday
June 15

STOCK-S

NEW YOKK

friday
June IS

Sales

EXCHANGK

01

the

STOCK

Sange
On basis

tor Year

1905

0/ 100-sharelots

Range tor ^eviou{
Year (1904)

Week
Highest

Lowest

Shares

Highest

Lowest

Kailroads.

SOW smi
102'*

80^4

102
158

102:'^

157 1 '!0
108 4109^
97 "4 97 14
63 7g 65

42

81 »&
102'^
1()0^4

10834 luO*-^
97
97
Gi-'i

&bh

S0\

81 Tf,

102H2l023e
158 160

108^10914
*y7
63^8

97 Hi
65

90
§90
91
151k 149 Hi 15118
•69
•69
70
70
200
198 198
199'-il99'<j *198
49 12 5(m.
49 Hi 5U
4912 50I2
37 '4 •34
*36
37
•36
37
sola 8034
81
&0\ 8II4 81
ig
18^8
I'd^
18*8 19 V
187s 19
•86
86 87
»86
87
87
*60i4 61
60 14 60 Hz 60Hj 64
31 W;
3II2
*29
•29
31
31
1741^17534 173 14 1751.2
17334 176
»182 1H6^ *184 187
a 84 186
•192 1941-^ 194 195 Hz 192 195
•235 250 •235 250 •250
•170 180 •170 180 •170 1>!;0
•180 200 *180 200 180 200
•17
*17
•17
18
18
18
3OH2 33>4
30»a 30^2 *30ia 32
•6
»568
6>2
6
6
6H2
30 35
•30 Si 37
35
"SO
961-2
95
96
96
9534
96
'e
•115 120 •119 120 •119 120
•87
14834

9OI4

14858 149

>v

27I4

27V(

27>4

58

68 Si 59
35 Ha 37
181 182
•375 384
28I4

37
182
375
281a

28I4

•87
•16

89
22
9OI4 91

.

•24'u
4038

25»5
4II4

79

79 ^v

6634

6736

•62
•85

8834

371a
182'2

384
281a
8834

•16

22
911a 92
13
13
27 14
26
40=8
79
66I2
"^4

62

70
90
281

280

27I4
58I4

*85
279

82 14
81 Vj 8178
1023^ •102 Hi 103
158 1581-2 157 lo8Hi
108 Ha 108 '6 IO834 109
597=8 97=8 97
971a
63=8 643;.
0379 64 14
89 91
91
S90
150=8 I5II4 150»e 15034

8214

103

81Hi

n0238

158'<8l59

108 Hi 109 14
97 97 Hi
6378 64 Hi
•88
90Hi
149^8 iSlHi

69

•69

70
200
49«8 60
33 37

a;78H2

18=8

78Hi

4934

37
78 14
19
85 Hi
64

I834

*183
193

186
193 Hi
235 260
'172 175
180 200
•17
18
•30 Hi 33 14
6

4934

*33
78 14

19

•86
87
60Hi 60Hi
31 12
•29
173=8 17434

375

•84

60 Ha

*29
174
•133
191

31

•27=8

88

17

91

2834

88

534

411a

4OH2

7934
6714

78-'4

6534

67

n^

26Hj

62

*85

278

28 14

284
8834

9134

12 Hi
26
40

27 Ha
•88 Hi

9134
I3I4

Hi

27

Hi

41%

78=8
65=8

79
66 14

280

Hi

70
90
282

4934

78 Ha

36 14
78 Hi
I9I8
86Hi

J876

•84

61

64
•29
Do 4 p. c. pref. "B"..
31Ha
174 14 17438 Chicago Milw. & St. Paul.
183 186
Do pref
192 193 Chicago ife North Western

2134 22 Hi
•87
94
93 14 93 14
160Hj161i«
24
25Hi
50
50
»3H3 84
•24
26

22
21
93
93i2 93I5
15934 160»g
24 "u 26 »2

93

•48
83
•24
66

50
83 12
25

56I4 56H!
*31i8 35

56=8

sm 3114
•96»2l00

•300 330
•50
55
147 148
•163 >2 165

»96ial00
*300 330
*50
55

120
20
•130
•62
•85
117
158

I64H2I6434
79 14 81 Hi
I22I4I24S8
20 >« 21

79>i

78»a
"4

I46I4 14734

123
20at

*130

146
59
94

146
*52
59
•85
95
117Hill»

11734

158

157H2158H2
28
28Hj
62 Hi 63

.

27^8 283b
6278
62

99
98
148 148
•34 »a 35

9834

»146
35I4
*177g

•1734....

9938

150
35I4

141 142 Hi
*44
4'i
*110 115
80
76
7818 78'8
^198 200
61
Sl'b
51Hj 52
80^8 Si
SO^s 81
•92
94
•92
94
185 187 12 18634 188
•83
85
87
84
»100 105 *100 105
85
•85
92
80
134 Sj 13534 1351*136
38
*34
•33
38
100 100

140
•44
•110

142
47
116

2214

-87

93
159 Hi

22 Hi

94
91
161

25 Hi 25
48 51
8334

23
55

Hi

833,

7834

78^4

65 '8 66
62 70
85 90
279 279

26

•88

94
•93
94
160Hil60Hi
251a 25 Hi
-48
51
83 Hi 84
2414

56

55

35
-96HalOO

'31

55
35

*31

223b 2238
94
59418 941*
160 Hi 161=8
•25
26
48 51
•83 Hi 84
•23 18 2434
55 >4
55
2934 31
91
91

88

2314

17

22

96
300 330 300 330 300 330
•50
55
50 55
52
52
I4518I47I4 146 146 Hi 145Hi 146 '4
164 14 166
163Hj16434 •163 Hi 166
80
80
7934 8O34
79»8 81
122 Hi 12334 12134 123 14 12238 12276
20 '8 2034
2014 21
20 Hi 20=8
"130 146 4130 130 130 146
54 60 •54 59
•54
60
85 94 •85 94 85 94
11334
117Hill9 5117 117
117Hi
157 Hi 157 Hi •157 158 *157 158H2
28I4
28 4 2816
2734 2814
28
•61
6I34
62 >4 62 14
63
63 Ha
98 H9636
98^8
9334 9334
98
• 144
146
146 146 •144 146
35
35
34 Hi 34 'a
34Ha 34Hi
17
•17
•18
I4II4
141Hi
140 Hi 14134 14138 14134
•44
46
45
45
45
45
110 115 110 115 •110 115
*77
77 81
80
80
82Hi
198 14 I98I4 •197 199H! 196 198
5II4
51=8
60
505» 51^4
52
'5
8038
80 1«
30
80
80
80 Hi
92 94 J 92 92 92 94
186 187 Hi 185i4l86Hi 185 14 186
84 90 -83 87
85
85
100 105 •100 105 100 105
85 90
•85
*85
92
94
13434 13534 134=8 135 Hi 13434 I35I4
«33
•33
37
•33
38
38
100 100
93

•

•71
»100

117
77
107

*116
•71

9138 91%
'""
•8834 893.
27 "t 2734
74'8 7478

•12
16
47 H) 49
22
20
•74
77
641a 6412

U94Hj194%
221a

23'>8

60

60»8
6312

6238

11978ll9'B
3134 32 14
•961a 97
•99 100
32=8 33
»126 130

91V,

88

9lHi

90
2738 28
74H8 75
14
14
52
47

221a 23
*74
771a
64"% 64»8
192 1941a

23 18 2314
60 Hj 60»8
6234

6334

119iall9ia
31'^ 32 Hi
97
97
*99 100
3314
33
126 130

ISO'g

•71

100

77
107

94H»
•91
•88 "a
2738

96

74

75

13Hj

49
22 Hj
75

91Hi

90

28i«
14Hi

52
24
77

71

100

91
•8334
2739
74I4

•13
•47
•19
•75

13014

•71
•97

78
107

76
107

95=6 96'4

9614
91Hi
8934
27Hi

74 14
16
52
22
77

•91

91"-.

•88Hj
27I4

8934
27=8

•73
•13
•47

76

21

16

62

23
77

&

Des Moines

Ft.

(!

62

•85
'277

70
90
280

2238 23
•88
94
594 4 944

161

51
84
25
55
29

814

•23I4

•62
28 14
*86
96

330
55

•1454146
j;162i4l62i4
8OI4
80

I2214I23

204

2034

•54

59

•85
94
117=4 11734

*156

159

27I4 28

*61
99
•144

34

owa Central
Do pref
£C.Ft.8.<fcM..tr. cts. pfd
ansas City So. vot. tr..

Do

Lake
Do

•17

&

45

45
115

<&

Mich. South'n

Long Island
Louisville

100

<&

Mo. Kansas

Do

pref

Nash. Cliatt. & St. Louis
at.of Mex, non-cirm.pl
Do 2d pref

&

Hudson..

N. Y. Chic. & St. Louis...
Do Istpref

Do 2d pref
Y. N. Haven & Hartf

N,

Y. Ontario <fe Western.
80 14 Norfolk & Western
92 94
Do adjustment pref.
18514 186
Northern Pacific
83 87 Pacific Coast Co
100 105
Do Istpref
•85
93
Do 2d pref
13478 13538 Pennsylvania
33 37 Peoria <& Eastern
Pore Marquette

114
•71
•97

114
76
112

95=8
9II4
8834
2714

*73

13
47
•2)

9678

914
8834
2 7 '6

75
16
52
23
78
66
195

•73
577
85
64
6434 6434
64Ha 64Ha *64
190 195 •190 195 •190 195 185
23I4 2338 J22Hi 22 Ha •22
23Hi •22
234
6038 6038
60 Hi 60 Hi 5914 61
59Hi 59Hi
62
62% 62=6 62 4 6236
Q6\ 6214 6234
119 120
119^8 119^8 1197g 119'e 11934 120
3138
31=8
32
31
31tfe
314 3134
31\i
•97
97
9714
596=8 96=8
97
96Hj 97
*99 100
*99 100
•99 100
•98 Ha 100
33
3234
-3234
3338
33
32 Hi 32 Hi
14
334
127 130
126 128 125 130
129 129

600

Texas

<&

pref

Philadel. Rapid Transit..
PilUb. Cin. Chic. <& St. L.

Da pref
Reading

Istpref
2d pref
Rock Island

Do

Company

pref

St. Joseph <fcGr'd Island.

Do
Do

Istpref

2d pref

St. L.<fcS.Fr., 1st pref

Do 2d pref
E. I.com stock tr ctfs
Louis Southwestern

C.<fe

St.

Do

pref

Southern Pacific Co

Do

pref

Southernv.tr.

Do
M.

<fe

'I'^exas

stmped
do

cfs.

pref.

O. stock tr. ctfs
Pacific.
(N. Y.)...

&

ilhird Avenue

7478

Maris

284Marl7
93 4 J'ne 16
174 Jan
37

21

Jan 21

Marll
May22 83 4 Marll
4834

71 4 Mar 3
72 4 Jan 16
90 Feb 2
335 Apr 17
90 Jan 13
24 Feb 2
99 Marll
9678

170
32
0834

Mar! 3

Apr 15
Feb 3
Feb

3

84 4 Marie
34 Feb 14
70 Feb 14

444Marl4

20

J'n

i374Feb
Mai
Mar
207 Fob
Mai
135
5165 Apr
173
161 4

894 Nov
Nov
Nov
Deo
96 4 Oct
70 4 Nov
89 Aug

104 4
155 4
L05 ^4

13534 Oct

72
1943^

51

Nov
Nov
Nov

4714N0V
85 4 Jan
26 4 Xov
90 Nov

Nov
394 Nov

7434

177=8 Deo
18578 Oct

2144 Deo

Nov
Nov

237
160
192

Deo
Aug 164 Nov
114 AUjT 2734 Nov
4 J'ly 15 4 Nov
29 May 48 4 Nov
684 May 9338 Deo
100 Feb 115 Nov
13 4 J'ne 2438 Nov
48 J'ne 63 Deo
1774 J 'ut 37 4 Nov
149 Mai 190 4 Deo
2504 Feb 35934 Deo
18 Mai 3578 Nov
644 Feb 89 Deo
194 Jan 27 Deo
60 4 J'ne 79=4 Deo
54 J'ut 1478 Nov
914 Aug 28 Hi Nov
214 Ma) 41=8 Nov
Deo
55=8 May 77
33 May 684 Deo
54 J'ly 67 Deo
72 Feb 83 Nov
170 Mai 242 4 Deo
70 Aug 864 Nov
11 J'ne 2034 Nov
60 May 94 Deo
77 Mar 96 Deo
Deo
125=4 Feb 159
14 J'ne 33 Nov
32 Feb 5934 Nov
64 4 J'ne 834 Nov
16 4 Feb 3178 Nov
31 Feb 6634 Nov
26 Mar 434 Deo.
5 14

106 Marl3 85 J'ne 105 Oct
5350 Marl3 5245 Nov 5300 Deo
604May22 65 4 Feb 3 46 May 624 Nov
j;1344 Jan25 I56I4 Apr26 101
Feb 148=4 Dec
161 May 1 175 Feb 9 13934 Mar 1694 Nov
72I4
73 Jan 9 91 Marl 7
Mai 964 Aug

37,000
19,325 114 Mayll
5.620 18 14 May 2 2
20 5130 J'nel4
56 4 Jan 12
86 Jan 19
5,120 894Janll
400 148 Jan 13
5,600 24 May22
2,600 56'4May23
11^570 94 4May22
200 137 Jan 12
490 33 4 May 8

Missouri Pacific

614 N.

5114
8014

26,950

Nashville...
Manhattan Elevated...
etrop. Secor., sub. rec.
Metropolitan Street
Mexican Central
Michigan Central
Mmneapolis <& St. Louis.
Do pref
MlDn. S. P. & S. S. Marie.
Do pref

•76

51974 198

Western...

pref

Shore

L.

624
99
150
35

pief. vot. tr. ctfs.
BTrie

11034 142 4 N. Y. Central

110

B

Do pref
16138 Illinois Central

•49

•50

pref
Bay<fc W..deb. ctf.A

91

374May22

55 4 Jan 3
65 Apr 7
90 Feb 28
1,010 236 Jan 4
83 Feb 16
*
327 17 May 2 2
100 86=8 Jan 18
226 90 Jan 18
9,853 15234 Jan 25
1,100 24 May24
100 60 May 10
1,000 8I34 Jan 25
600 22 4May22
1,400 62 Jan 3
950 2814 J'nel6
500 91 J'uelo
5290 Jan 20

Hocking Valley

254 254

300

58,950
7,475
7,450

Apr 11
Marll

364Marl4

2714 May23
83>4May ]
18 May22
4,340 764 Jan 2;
550 1134 May23
2,600 21 May22

900

Atl..

deb. ctf.

19638

Jan 20 400

1,100

Great Northern, pref

Do

1784May22

100 335

& Terre Haute..

Evans V.

Do

1,500

Dodge.

934 Detroit United
13 4 DiUuth So. Shore &
26 274
Do pref
4034
404
Erie
79
79
Do 1st pref
654 664
Do 2d pref
9234
•12^4

Do
120
77
100 107
96
94'8
96>4 96>8
14

116

'1

&

Green
,

100 29 May2;; 374Aprl7
187 4 Apr 17
49,600 1684 May
182 4 Jan la 192 4 Apr 17
3,141 aiaoj^j'ne 9 249 Jan 31
234 Jan 13 2654 Feb 1
225 Jau 31
"ibo 150 Jan
195 Jan 17 230 Jan 31
734 Jan 5 194 Feb 17
100 17 4 Jan 4 36 4 Mar22
6 J'ne 2 IS'sB-eb 2
400
35 April 54 Feb 3
1,329 90 Jan 14 111 Mar21
l>i 118
May 4 1213, Marll
700 22i4Jan20 30 4 Apr 26
900 62 May23 644 Feb 10
2,900 32 4May23 394 Feb 3

pret
172 175 Chic. St. P. Minn. <fe Om.
Do pref
180 200
*17
18 Chicago Term'l Transfer.
•30 Hj 33 14
Do pref
614
•6
6H1 Chicago Union Traction.
38
•32
38
Do pref
94
94
95 Cleve. Cin. Chic. & St. L.
118
119 120
Do pref
27
-26H» 274 Colorado <& So., vot. trust
58
57 58Ha
Do Istpf. vot. tr. cfs.
36
*36
37
Do 2d pf. vot. tr. ctls.
I8I34 I8I34 182
Delaware Hudson
384
'375 384
elaw. Lack. <fe West'n.
27I4 27I4 Denver <& Bio Grande
28 Hi
89 Hi
Do pref
88Ha 884

•17
22
91Ha 931s
13
513
27
27
40=8 41

22

62
85

70
90
283

379

8814

•17

22

491a

33

,

Do

a

380

Hi

174 14
186
191

70
200

Atch. Topeka&Santa Fe 61,940 77=8May22 9339 Mar 9 64 Feb
1,025 99 Jan 25 IOII4 Mar 9 87=8 Jan
Do pref
Atlantic Coust Line RR.. 12,150 .20 Jan 25 170 Apr24 104 4 Feb
27,450 004 J an 25 1114Marl3 7278 Mar
Baltimore <fe Ohio
270 91 Mar 9 98 Feb 8 87=8 t'eb
Do pref
63,295 6678May2a 7138 April 38 Fob
Brooklyn Rapid Transit.
138 874 Jan 4 9138 May 13 83 Nov
Baffalo & Susqiie, pref...
68,600 130^4 Jan 25 155=4 Apr 7 1094 Mar
(lanadian Pacific
67 4 Jan 11 7234 Jan 31 64 Apr
/"anarta Southern
"206 190 May23 205 4 Feb 3 1544 Feb
Central of New Jersey...
9,800 45 4 May22 60 4Mar21 28 14 Mai
Chesapeake <& Ohio
31 May 2 J 44 Ha Marl
33 Jan
Chicago <& Alton
i',400 774May2S 8334 Apr 7
75 Jan
Do pref
7,500 17 4May22 25 4 Marie 12 78 J'ne
Chicago threat Western
8334 May2-. 884 Maris 804J'ly
Do 4 p. c. debentures
300 60 J'ne 9 70 4Apii7 47 4 J'ne
Do 5 p. c. pref. "A"..

173Hj 173 '2
180 200
*17
18
*30Hi 33 14

6

380

384

69
198

70
201

*198

•197

•30
-32
36
*95Hi 96H! 594
•119 120
18
2634 27I4 26Hj 27 14
27
•58
59
56 Hi 68 56Hi
3634 3634
36
36Ha 36H2
181 Hi 182 Hi ISlHilSlHi 181 Hi

91Hi
13Hi
27H!
4138
79Hi

70
90
280

8138

n03

125i4Mari7 10434 Mar 130=8 001
26 Marl3
5 Apr 23=8 Nov
5150 Feb 15 51194 Feb 160 Nov
6434 Apr 7
40 J'ne 6734 Jan
91 Feb 24 80 J'ly 964 Sep
122 Mar29 56 Jan 95 Oct
16914 Mar29 116 May 150 Oct
3314

09

11078Marl3

14=8

32
87

'4

36^ Nov
6i> 4 Deo
Feb iri4Deo
Feb

J'ne

Apr2ti 101 4 Feb 147=8 Deo
45 Jan 16 3434 Feb 45 4 Nov
24 4 Jan 10 157gF6b 25 4 Nov

158

184May26

11,900 13634 May22
500 42 Jan 20
113 Marl 3
200 74 May 4
216 5194 May 2 2
20,185 4038 Jan 5
6,650 76 Maylu
lu 91 4 Feb 2
6,534 165 Apr21

Janl8
Marl 3

16734Mail4 11278 Mar 1464 Deo

554 Apr » 25 May 47 Deo
122 4 Jan 30 101 4 May 115 Nov
85 Apr 7 00 J'ne 78 Deo
2 10 4 Feb 4 51854 May 199
Oct
64 Mar30 1939 Mar 4778 Oct
88 4 Marll 53 4 Mai 80 4 Deo
94 4 Feb 3 88 May 95 Deo
196 Mayl5
400 7814 Jan 17 98 4 Feb 7 51 Feb 82 4 Deo
100 Jan 3 108 Feb 6 95 J'ly 101 Sep
200 85 Jan 12 98 Feb 7 61i4Jan 864 Deo
83,370 1314May22 14734 Mar 13 lll4Mar 140 Deo
27 Jan 25 48^4 Apr 3 17 Mar 32 4 Deo
200 77 Jan 6 106 Feb 14 744 J'ne 813b Jan
80 Jan 11 87 4 Feb 6 568 May 79 4 Nov
"506 1124J'ne 3 32 Apr 15
70 May23 8734 Marl3 55 Apr 80 Deo
105 Febl7 112 Marl3 90 Apr 107 Deo
256,800 a;79 Jan 13 9934 Mar 9 38=4 Mar 82=8 Dec
800 90 May22 94 Feb
76 Mai 92 Deo
200 84 Jan 5 92 Feb
554 Feb 85 Deo
19 4 Mai 37=4 Nov
18,270 2434 Alay22 37 78 Jan 1
8638 Nov
5734 Jan
1,000 714May22 85 Jan
12
1734
J'ne
2
loo
Jan 3
9 Mar 18 Nov
300 46 4 Miiy21 5334 Jan 2
36 May 60 Nov
1,100 20 J'ne b 2914 Feb
16 Jan 30 Nov
35 7338May22 81 14 Mar
«61 Mar 7934 Dec
350 61 May26 73 4 Mar
3914 Jan 72 4 Deo
710 175 Jan 30 1944J'nel 150 Jau 185 Deo
1,195 20 May22 27 4 Jan 2
Deo
9 4 J'ne 29
2,620 55 4 May 1 66=8 Apr]
2538 J'ne 6034 Deo
43,200 5734 May 4 7238 Feb 2
41 4 Mar 6«34 Nov
650 11534 Jan 5 121 4 Feb 1 113 Sep 119 4 Deo
21,850 28 May 19 36*4 Marl
184 Feb 374 Deo
1,060 95 Apr25! 100 Mar22 774 Jan 974 Deo
97 Apr 18 984 Feb 28 90 Feb 98 Dec
4,900 2934 Apr 29 41 Mari3 204J'ne 38 4 Nov
120 124 Apr 29 13434 Feb 16 115 Mar 134 Oct

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Bid

Ask

svn YORK
^etna
Imericall
^jner Esch
Mfei'
Battery Park

Bowery
Butch's

...
<& Dr

1!

Century 1]
Chase

Chatham

....

Chelsea Exo"
•
1

Batiks
Chemical ..

Bid

165
530

155

165
210

195
650
320
170

825
165

330

Bid

Ask

Banks

Bid

Ask

1

Uitizeua' Ctrl 165

160
620
t275
775
155
325

Banks

Ask

4300 4350

275
City
Coal & Iron. 235
Colonial I1 ... 450

170
285
245

Fifth
340
First
755
llthstreeill. 300

Fourth

200
Gallatin
410
Garfield
500
Columbia H .. 400
Commerce... t205 f2097^ German AmV 155
152 4 German ExV 100
Consoliilatod 150
GeruLxuiall .. 450
C'rnExchge" 375 385
Green wiclili 235
160
Discounter- •- 150
150
Hainiltonii .. 190
East River..
160
Hanover
FideUtyli .... 190
t500
Fifth Avel .. 3500 3750 Imp & Trail. 590

InterboroU.. 155
Irving
235
Jeffersoufl...

420

Liberty
Lincoln
Manhattanll.

165

Market &Ful

215

Mechanics'

.

Mech & Trail
250

Ittercantile

..

.Merch Exch.
Merchants'..
Metropolis*'.

165
245
1774 185
515
1500 1700
325 335
265 275
285
295
155
27o 280
170
175
178
185
ino

Banks
Bid Ask
Banks
MctropoU'nU 1374
Park

Mt Morrisli

Mutuallj...
Nassauli

New Amster
Now York Co
N Y Nat Ex.
New York...
19tli Wardll.

North Aiuer.
Northern
Orieutal'l....
PaciticVi

210
300
190
475
1300
200
315
350
t240
135
t250
250

Pluzall

Prod Exchli

175

185

RiversideH

250
670
700

280
700

Phenis
..

I

190

210

Seabo.nrd

.i25

Second
Slioe& Leth. 155 165
State^l
1200
34th Street.. 200

265

23a Wardll.. 150

12th WardTi, 175

Bid and asked prices; no sales were maile on this day. 5 Loss tSiia 1)0 sli.irej^. t tix ri?ncs.
State Dan Its. a hlx divuieud and rights.
Sale at Stock-Exchange or at auction ttiia week, t Trust Co. certificates.
h Assessment paid.
n Sold at private sale at this price.
'i

I

People'sll

200
510

Ask

Bid
515
290
180
575

t>

^ew stock.

6

i

Stock

2142

Record— Concluded— Page

STOCKS—aiOHEST AND LOWEST SALE PEICES
Saturday
June 10
•33
37

\
I

3734

123»el243j
-96
98^4
4134 42
81.>-,
81

ytii4

4134
8034

•SCu 81

1834
38I4
153,
38^4

19
371a 38
•15
16
88>u 38 Hi
•22
23
2238 22'h•46
48 "V
1834

»243

•U

•22
22 k
48"^

•51
57
SOVj 81^^
24

36
«37>a 98

34

•30^
•93
«225

91)

240
53,
6J<

40»2

•35
•17
•40
44
47 >4 48I5
111 112

97I2 98
180
11

14

404 43
134 135
•135 136
a40»8l40!t
97 Hi 98
32^8 33
IO214IO212
106 106
•183 192
•5734
41^2

63
4214

95

ft

"l2^

123t,

IS634 18734
9

46

47

•41»a

43
80
110

•91
9312
'17308 175
1834

1834

•78H 79 "d
•27
•

79'v
61

61

•116

117

23>4

2314

•89
45
*104
•145
98 >4
•36
101

92
46
105
150
99
38 Hi
101 't
18

17"a

75 >a 76
37aB

37»B

91 14 92
•231 236

3mj

31
97

•»6>«
17
7238

n'..

73

33^

3334

101
•71
•100

S,

101
74

108

•»4

'iB'd

934

2834
9134

•122

1V!5

12

64
40
•5

35
18
40

47I4

111
•534

1-.

92 '4

98

'22.i

54

64

64

40

40^8
6

5

35

38
18
44

18

•40

4S4

HI

474
1104

tj

533

21 '4 224

24

12'V

109 «a 101)1,
•86
90
•26><> 28

•21

7714

"a

444

441.,

*41

10

10
10
71^8 72
2834 2»^
913* 913,
122
12J
12 4 12-.«
10934 10934
•85
90

29
91 \
126

13', 13 H,
10934 110

J

77

786b

-40
•934

ItluiUn

ISiU

Ask

Uulled

too
WaHh.H'hl«'i 210
VorkviUe'i,

30 4

•93

314

.

240

6

6

64

64

64

39 ^8

4014

54
39
13
44
48
112

5

23

240

American Express
American Grass Twine
Amer Hide & Leather

7
6^4

De

474

64

2234
9734

23 S
98
112 4

..

UKOOKLY.N
Borout'hll....

120

l-!5

Broaihvayl..

:;15

Brooklyiili

i30
145

•40'

.^^0

;'.)0

.

Coii'yI&BB*

Fimi
ManuliictrH'.

-34

78

•76»»

444 40
104

26'^

914
•

Uankn

Jiiu

BUOOKLV.N
Mechamcsll 350
Merchants'.. 170
Naa»au
390
Nat City
J 90
North Sido^. 3U0

90

284
62 4

384
10334

93 '6
34 4
108
-36
235

9434

344
109 4
40
260
94 4
168

78

77
•40

934

•934

72
28 7b
92

•71
287=

513,

Highest

17 4 J'ne
21 4 May

274 Oct

1-,

604

Do

27 4

American Sugar

Do

People's",

;90

l'r<).spi:ct I'k'

l:iO

(li'lgewooilli. 140
17th Ward',,. .55
Uuionll
180
Wallaboutii
160
.

Retiniiif!

pref

Amer. Telepli. & Teleg...
Amer. To bac.(new),pf. ctfs
.American Woolen

Do

pref

-

Anaconda Copper
IJrooklyn Union Gas
Orunsw. Dock <fc C. Imp'
Butterick Co
(Colorado
J

Do

1

..107?^

a 65

Fuel&

Iron...

pref

«&

117

9?
25
69

25 Nov
48 4 Nov

pref
Distillers Securit's Corp.
i'.lectric Storage Battery.
Federal Mining <& Smelt'g
Do pref
General Electric
international Paper
Do pref
International Power
luternat'l Steam Pump..
Do pref
M'ational Biscuit.

Do

pref.

pref

New York Air Brake
North American

Co.,

new

pacific Mail
eop. Ga8-L.<& O. (Chic.)
-

Pittsburgh Coal Co
pref

Pressed Steel Car

Do

Pullman Company
I Railway Steel Spring..

tvDo
Do

pref
<ft

Steel

pref

A

<fe

974Mayl5

163, J'nel3

Oct

2088

J'ue

7

Not

224J'ne 42 4 Not
164 Jan 36»8 Not

754 Jan
24J'ne

„

Not

105
9

Deo
Deo

29

82 4 Deo
Oct

115
170

Not

9908N0T
154 Deo
574 Dec

Nov
Nov
1494 Not
153
141

96

Deo

25

Not

Deo
1207eNoT
2294 Oct
1258 Deo
6234 Deo
9434

5838

Nor

95

Deo

19 4 Deo

Oct

220

264 Not
82 4 Not
404 Deo
»338 Not
68 Dec

M

Not

90

1944 Not
25»8Deo
7979 Deo
72 4 Deo

734 J'neli

334Jan31

15
67

9234

Mar 1124 Deo

Apr 14

24 4

May 444 0<5t
May 92 Deo
Mar 244 Not

4634

Jan 23
Jan 10
Marl4
Jau 25
Jan 26
Jau 13
Jan 28
Jan 25

2478

Apr

3

6

87 4Feb23
38 May 15
109 4 Apr 1
118 4Feb24
130 Feb 23

37

3

1434

106 4 Apr 4

314 Jan
Jau

77
»4

98 4 Mar o

404 Apr 18
704 Apr 18

1

45 4 Apr 7

4 Apr
247eMay2': 384 Apr
May22

.18

10478

7
7

Apr 18

Mar

Si's Ma}
25 May
3 78 Aug

45

19 78 Jan
79 4 Jan

77

May
Mar
May
Ma)
Apr

7434 Jau

Jau 3

374Jan3l 46 4 Mar28
8", J'ne 6 16 4 Apr 3
68 Ian 10 82 Apr 4

9034

43

Not'

35

Dfo
184 Not
734 Nov
297$ Deo
98 Deo
6638 Nov
105 Deo
5
Not
774 Not
394 Nov
13 4 Nov
75 14 Nov
204 Deo
8138 Deo
94

Feb
May
Mai
Feb }12S Not
May 2034 Deo
Jan 1064 Left
84

J'ly

4 Not

364 Nov 404 Deo
10 4 Feb 344 Deo
41
8'>8

514

Dec
May 334 Deo

Jan 100

95"8

Stay

3138M»y2J 39 Jau 3 2234 J'ne 444
700 1034 May 1 10 Feb 20 9708 Apr 116
100 36 J'ue 5 624 Feb 24
18 4 Sep 44
235 Jau 3 260 Feb 21 ((200 J'ue 2.)0
:V.3o6 92
Jau 17 954 Jau 4 85 May 94 4
2,000 152 MBy.;0 184 Apr 6 153 Ma\ 185
20(t 190
Keb23 197 April 180 Aug \98 4

C.

Co

94\ 944 9434
est'n Union Tele'gpli
1664168
166 4 166 4 West'gU'se El <teM I'g assen
Do iHturef
180 193 4

Dec

4 Apr 3
May 16
804 May 16

115
21

400 18
200 35

163.835
144,200
2,075

Do

<fe

244 Mar 42

Nov
Not
Not

Jan 4
Feb 28
Jan 13
3334
3
Jan
1,100
1,600 983gJan 6

pref
United States Steel
Do pref

Wells, Fargo

17

Dec
114 Deo
4834 Deo
934 Nov
14

Dec

6

Deo
Deo

Not
Nov

97
219

4 Jan

11

4134
2234

3 36 7, Apr 14
64
3 9734 Apr 17 40
15(1 .il20 Jan 9 134
Fob 8 100
64
6.700 slO'e May23 14»g Jan 16
7608
1.600 10078 Jan 10 «U0 4J'nel4

Do

pref
Virginia Iron Coal

4 Jan

354 Deo
9484
3778

210 97»8Jan 7 1114Feb20 80 4 Jan 994
300 140 May22 16138 Aprl5 120 Feb 164
97 4 May 22 107 Apr 17 80 Mai 107
33 May 2 2 494 Jau 4 24 Feb 56

1.944
1,008
2.600
1.400

VIrginia-CaroUna Chem.

34

109
40
250

15

24
94
700 60
100
»4
100
9,700 68

U S Realty & Improve'ut
U 8 Reduction <& Refln'g
Do pref

27''8

Apr 29
May22

Deo

87

Not

3,950
6,750
6.076
2,110

Rubber Qootis Mfg

o

554 Marl7
74 Feb .

3934 J'ne

Oct

2138 Not
71 Nof
8234 Deo
2408 l^eo

_

300 8734 Mar 6 994 Apr 14 67
100 230 May31 254 Feb2« 209
1,600 30 May 2 2 403eAprl7 16
300 93 Jau 25 10334 Apr 16 7134

pref

Kepubllc Iron

Nov
Nov
Not

4l3b

3,170
1,000
6,00u
1,700
1,800
1,700

1

Do

32
25

M

pref

National Lead

Do

Nov
Jau

87 Not
59 4 Nov
100 Ii53gjanl0 12034 Marl5 1004 Jan 117 Not
2,60u 184 Jan
31 4 Apr 6 14 Sep 23 4 Nov
100 89 4FeL16 94 Apr 19 75 J'ly }87 Deo
2,800 244 Jan 24 5 1 34 Apr 7
14 4 Feb 26i4 0ct

Nat Enamellng&Stamp'g

Do

2238
5234

4939

Mar

6

I

Do

1^

Oct

Nov
Nov
Deo
Deo
Deo

j220 Feb 250

Feb 17

M

Hook. Coal & Iron.
Consolidated Gas (N. Y.).
Corn Products

CoL

94'-,

•

pref

pref
American Steel Foundr's.
Do pref

944 944

S,

34 4
34
108 H *108
40
•36
250
235

19

1,900 20 J'ne 9 28 4 Mar 7 16 J'ne
1,660 9738J'uel-.i 984 J'ne 5
92,260 7934 Jan 9 1237eAprl3 46 Feb
2,200 111 4 Jau 13 127 Apr 6 8834 Jan
163 May31 183 Jan 21 110 Jan
99 Jan 7 105 4May26 85 Jan
6,610
84J*ne 8 1838 Mar20
34 'n€
17,960 364J'nel4 67 4 Apr 4 26 -'ly
5,301 130 May22 1493, Mar 2 1224 Mar
200 133 May 10 140 Mar 7 123 Jan
105 13678 May24 148 4 Jan 6 121
'eb
2,280 9i7gJau'J6 99*8 Feb 8 85385 Nov
_ fov
3,430 20»8 Jau26 404Aprl8 10 J an
1,000 93 Jau 6 108 4Mari5 69 Jan
3,950 lO0 4Muy22 130 Apr 13 61
Feb
.^
184 4May22 x215 Feb 14 185
ar
i',650 lO'gJanlS 16^4 Apr 18
5
J ly
68 Mar 1 60 4 Jan 18 47 7g, 1(
Feb
17',476 38
May22 59 Mar24 25 4i JMar
85
Feb 10 105 Mar24 63 Apr
700 1134 May24 18 4 Jan 30
J'ne
8 J
l,50u 184'..iMayl5 214 Mar 3 185 Feb
3,110
834 j'ue 8 2234 Feb 7
934 May
2,470 43 J'ne 8 79 Jan 10 C5
liar
3,170 x3478Jan25 47 4 Apr 6 194J'i"'ue
200 76 May23 894 Feb 2 7 82 No
100 60 Jau 11 128 Apr 7 43 4 Nov
300 75 Jan 5 107 4 Apr 7 71 Nov
900 169 Mfty2o 192 Marl6 cl51 J'ne
3,120 184J'nel6 25i8Marll 104 May
300 76 4 Feb t 824 Apr 6 64 4 Feb
60 J'ne b 100 Feb 23 26 Mar
29 May20 4078Feb27 28 Sep
100 78 4May2-.i 8888 Apr 14 71 4 Feb
1,200 544 Jan 25 6638 Apr 3 36 Jan

Do

10341034

2734

94

^250 Feb

£>

63
37 h United States Rubber...

37

May

Uec
Deo

Nov
Nor
Aug
Deo
l>eo
.Vov

AND TRUST COMPANIES— BROKERS' QUOTATIONS
Ask

Truiit Cob.

Ask

Bid

Trust Co's Jiid Ask
Ave Tr 575
Guaranty Tr 600
Guar/liau Tr 210
220
Fifth

N. T. CITY
Bankers' Tr

300

!50

475
Howl'gGreen 207 4 2124
U road way Tr. 165 n:>
Central Tr'st 2200 2250
(yOlouial
385
(lommouw'tli
lilO
Kuipiro ...
240
245
Kijuitable

Tr

arm Lo di

I'l

I'

(loo

1470

,

Law T l&Vi

1050
310 326

Lincoln Tr. ..

.'6(r

.Mauhaltaii

..

4'jO

.VlercaiitUe

..

k'liick 'rb'k'r

.Mcti(»iH)lit,aii

NewYork Tr
Real Est Tr't
StaudardTr't

1050 1090
730
325
390 410
1667 [671

'J'ltlcGu cfe Tr
Tr Co of Aiu. r7704
inon Trust U.-iO isoi)

505
975

(.J

US.Utfi&Tr

.^.25

Unit States M/0 500
N'den I'l 275 290
Wasluiigton 125 450
Wind.sor
235

1)25

.MorioiiTrusi 000
.Mdt.Alliauct 210

Ask

Bid

Trust Co's

N Y Life&Tr

.

'25

V'^aii

225

490

1

Trust Co's

bin una asked urKitis, uo .lalu.i ou t,hii» day,
i Lc*s ihau loo sliuroH.
}
bale at stock kxchauge or al auction
this week.
Ex stock dlvideuL

ii,x

*

rixliis.

c lix ilivUieu

Vva-it (Jo. corliauato,<.

t

.lllll
"J

Bid

Aalc

BnOOKLYN
Brooklyn Tr 415
FUitbu.sU
210
Franklin
330
Hamilton
340

Homo

Kini?8

L

I.sl

345

170

Co

L&Tr.

Na.ssau
People's
Willlaiii.sl>'ir.

•

N.n
574 Nov
38

65

Aprlo
Apr 17
36 Jan 19 48 4 Apr 17
11,420 33 Jan 25 614 Apr 13
2,000 10334 Jau
1222, Apr 16
l.OOU
6 4 Apr 29
834 Jan 14
200
100

American Snutt

89
31

27

Jan

13

4 78

104 Union BaK<& Paper
72
Do pref

•85

'^236

34

2876 U. 8. Cast 1. Pipe <ft Foun.
91^8 917*
Do pref
"125
122
United States Express...
1334
sUnitett States Leather...
127e
1094110 » Do pref

122 4125
12 '4 12»4
109 109
85 89
•27
31
62 4 62 4
37^1 374
10278 103 4
273,

28V

4,300

pref

Do pref
Oloss-Sheffield St. <& Iron
Do pref
Stan<lard Rope
Twine..
77 Tenn. Goal, Iron <ft RR...
43 4 Texas Pacitio Land Trust

-'4

'h

444

«034

72

..

54 American Ice
38 4
Do pref
20 American Linseed
44
Do pref
4738 474 American Locomotive...
112 112
Do pref
•6
64 American Malting
23 4 24
Do pref
•97=!, 9734 Amer Smelters Sec pref B
H2 112 4 Amer. Smelt'g & Refln'g.

112

534

1

Foundry

pref

-434

44

47

Do

37
18
40

38
20

110

536

30 \ American Cotton Oil
93
Do pref

American Car

404 40 -^

40

&

3Ui^

-64

5

36
•18
40

pref

33
97

.

220

575
400

Lowest

46 4 May
OS Feb 1
39 4 Mar
70 Jan
8978 Apr 14 434 Feb
"0 Jan 24 29 4 Apr 15 13 Mar
89 4 Feb
Feb 16 7234 Jan
<i91
43''g Aprl4
4.250 31 May 2
1434 J'ly
80O 191 4 Jan 2 1044 Apr 6 67 Jan
300 304 May2
38 Apr 3 244 J'ne
20u 93 Mar30 97 Feb 1
8834 J'ne
^209 4 Jau
246 Feb 2 ISO J'ne
"406 534 j'ne
14 Jan _
5 Aug
90iJ
6 J'ne
114Janl4
2^ Jan

pref

33
97
93
220

97

225

6

1104 1104

BANKiJ
Union EicM 1201

374 Apr 12
4334 Apr

22 4 Jan 13
34 4 Ma5'2'J
Jau 25
1,150 105 J an G
5(10

100
149,970
Amalgamated Copper
loo
AmerAgricult Chemical.

Do

34I4

97 4 99

240

71 '8 71'8
2^34 28 'e
*91l8 92
-1224 125
12 »8 1234

'•J

Sltlel

4

J 341.

•974 98
1114114

98
1141...

•86
91
•85
•26 "a -ZH
27 4 28
•27
60
62
•604
62
604
61
6m>
'v
S
38 39 4 38
39
37 •» 3)534 •37
104 104 S. -103 104 >a 103 4104
103 4
27 14 'iH\
26^6 28
27 4 28 4
273,
94
9334
il5
U.i
96
14
».J7e
"a
94
4
34
3334 333.1
35
34 4 31 '8
344
I08 108 •108'4l0i)4 108
107'-jl07>.,
•38
'3613 43
43
40
40
36
•.i40
'235 250
250 •235 250
235
93-\ j:v->t
9313 9;iV
KSHi 94
94
•105 100
166 167'4 •166 167 4 •166 '4

We»t

344
973
97

Do

24

304 304

3138

6

63j

31
•97

34»8

240

514 014 *514
794 79"e 794

67
78^8 79
•22
2334

SO's.

6

71

71

907g 913^

125

*51

1

*40ia

44 K
10
70
29

9
«69'>4

52

•225

76 Sj 79

llh

76
•41

30 14
H3

42

•34

1

500
700

Express
Uis-Chalmers

15
55
79 "8

2^

30

Highest

MUcvll

tfe

Adams

251

8

•10."i

IOI4

*14

11134 112-'4 112
il8\U9
11838 1 IS'4 1184 118'8 '1184118«8
118 119
•165 175
'167 180
'lt>7
175
167 175
167 180
•105
-1014
1014
105
103
IOI4
8 4 10
11
4 9
94 10
11
39
364 38 14 37
37
40
41
354 40
43
134 '4 135>4 13338 1344 134 134\ 13441344 1344134'-,
•1324136
135 135
135 135
*139 141 *140 141
JI4II4I41I4 -139 141
>140>ul42
•954 964
9»'4 98 14 (i9S'4 9814 §98
98
981*
98
3234
32 4 32 7e
3^3^
32 4 321.,
3234
32 4
321a 33
102 14 10238 102 4102 4 1024 102-'4 1024 lO^-ts 103 103
102 4103
1024 102 iv
I05>4l06'e 103 4105 4 103 101
-185 200
180 195
*183 195
185 200 130 195
"154
•154
164 16
164
1534 16
164
15»»
15
•59
59 63 •5934 63 •5734 63
63
'5734 03
4134 43
42
4178 424
424
4134 42 4
41^8 43 14
k
100 *
100
100
95
loo
13
13
13 4 •'124 13 14 124 13 I4
1215 133t -12
•166
188
187
188
18u
41S734 186 4
186
188 188
•9
934
10^4
104
10
104
104
4
10
10
H
10
»46
49
•46 4 474 •46 4 48
474 48
49
47
424 42 14
42 4 43
42 -J 42 4
424 42 4
43
43
7834 80
n^
80
80
•76
so
78
*
•95
•..•111
loo
110
HI
100
110
•90
'91
-90
93
94
93
93
93
92^8 93
176 176I4 1764 176 4 •174 176 174 176
17434 176
19 4 194
184 184 184 184
1934
19
18 4 19
•77
79
794 794 79
784 7SI4
*78>a 79 H,
•55
•65
85
85
50 85 -65 85 •55
•27
27 30 27 30 27 30
30
•27
30
•78 4 79
784 784 •794 80
•784 79
79
61 1* 6II4
6038 60 4
60'g 614 60^8 610b
6I34 6I34
110
110
117
lis
116 117
110 117
117 117
24
24
24
224
23
20
21»8
24
24
24
4
*a84 92
89 924 -89 92 4 89 4 89 4
•88112 92
44 45 •44 45
4434 443,
45
4434 45
45
• 104
104 1044 104 105
105
104 105
a04 105
•145
150
147
149
•145 150
14838 145
145 150
99
98
99
9914
99
99
98 "a 99 li
984 y»'--'
38 4 39
384 39
39
39
•38
39
38 la 39
1014 10141014 10138 101\
101i4l01''e I0II4 1013, 101
•174
16'4
1634
18
*17
17
18
•174 1734
734 744 73 14 734 ri% 73 Bg 734 7a'a
76
75 H)
37 1« 381.^
37 4 374 •37
374 •36 '4 374 364 36 4
*92
924 •914 924 •914 924 914 "l"*
92
9j
237 237
•232 236
234 240 • 235 239
240
'236
3034
31^8 317. •31
32
3l\ •31
32
31 Hj 3178
97" 96^ 0638
9508 96
•96
•9614 97
96", •93
174 17»e
17 la 17 '8
174 IT '8 174 1734 •17 4 1734
•73 4 74.; •734 744
73 4 74 "4
7238 74'(.
734 74
3134 32 4
32^8 334
32*8 324
33 Hi 3334
32 4
32
101
10138
la
101
»4
1014 JlOl 101
102
101 1 01 H,
101
J4
734 734 734 734
724 734 71
75
73
73
100 108
100 108
•100 130
100 108
100 108

II8I2 11834

•167

InduHtrial
'J43

16

97

11234

H2'r2ll4V

Lowest

'4

251

344
974

4>534

22

Shares

34 4

-14

98

'21
9739

Week

EXCHANGE

56 14

'243

•i5\

I912

34

37

564

250

9734

"IS
•40

38

1438 15

34

6

3434

'243

234

*5
•35

-33

38
•52

15

250

23 4

1103, 111
5i<i
6

53,

•21

•1438
•51
TS^e

40 '8 413t

>-.

534

243

25

6:'4

407f
6
37 K
IH^!

•434

813f.

31
31
-92I4 1(10
'225 240
6
•o'a

313f

534
634

48«fc

804

Sj

56^

Eange lor Year 1905
Kange lor I*revioui
On basis o/100-share lots
Year (1904)

1

23
22 V,

15
511*

*22

•22

38=

?51i8

*14><i

15Si

the

3

1!'

3834
1534

250

243

251

Friday
June 16

Vol. lxxjl

2

Sales ot

STOCK

34
34 Toledo Railways & Light
37 3834 Tol. St. L. <fc W. V. tr. ctfs
38
66 14 55
553.
Do pref. vot. tr. ctfs.
llli4lU'4 'IO934IIII4 10934 1114 Twin City Rapid Transit.

341^

38

STOCKS

NEW YORK

.

Aprl2 32 Feb
UOHj llOhi
1224 Apr 4 87 4 Feb
Do pref
Mario 158 Aug
^a')334 May 17 158
267,425 113 Jau 6 1377e Feb 25 71 Mar
1221a 12418 122 14 1234 12158 1234 1223gl234 anion Pacitic
98I4 9634 98 14
*96
96'8 96^8 •9534 983,
Do pref
200 96 Muyll 101 -8 l'Vb21 xS6 4 Feb
43 'v U nitKyslnv't of SanFran
l.lMli
43
4134 4134
214 Jan 4 .50 Mar 30
414 42 4 42 4 43
Feb
9
8li« 8II4
a;804 80 7g
HI4 814 82
82
Do pref
1,450 64 4 Jan It; 89 Mar 31
42 4 Apr
82
82
79
•8O34
SO 4 J'uo 8 8I34 .J'ne 1
4 83 United Rya of St Lou. prel
14
801a 82 14 -804
'4
1.S34 1«34
184 19 Wabash
•18
1,100 17 4 May2.i 23 »6 Feb 3 15 May
19
19
19
73^ 39
3334 3834
80m 37 May23 48 Feb 23 32 Feb
374 38
Do pref
•371a 39
15 16 15 16 Wheeling <fc Lake Erie...
•15
3011
15
16
15 May 1 1934 Marl 3 144J'ly
15
•38
38 la 39 38 40 *37 39
39
20(1 36
Do Istpref
May 4 48 Feb
37 J'ly
22
22
22 "a 23
•22
23
23
23
20 May 4 2s 4 Maria 21 4 J'ne
Do 2d pref
14
2234 2314
234 2334 Wisconsin Cent. v. tr. cfs. 9,810 20 Apr '.^9 25 4 Feb 16 16 J'ue
22 4 22-\
2134 23
•46 "a 48'^
48 '8 49
49
51
604 614
Do pref. vot. tr. ctfs. 4,250 45 Jan 13 544 Feb 17 37 J'ne

56^2
1103^ 111

121»i.

4m
80^4

38I4
56'4

373,

sen

56I4

123 1«

344

•334 3412

843,

37 H

56I4

JuTie 13

June IS

Thursday
June 15

Wednesday
June 14

Tuesday

Monday

.

450
3(10
26.)

325
270

3;!i

235

IlfflltS.

aauK.-)

marked with

a paragraph (H) are State

bank*

4

A

^

.

N
S

'

E"ew York Stock Exchange— Bond Record, Friday Weekly and Yearly
OCCUPYING FOUll PAGES
a

BONDS

^ o

STOCK EXCHANQK ^ c
"N -.
WKEg Ending June 16

N. Y.

J*rice

Week's

fYidav

Range or
Last Sale

June 16

Ask Low

Hid

JJiyJi

BONDS

Range

N. Y.

January
Ao Low

Price

STOCK EXCHANGE
Week Ending June 16

Since
1

Week's
Range or
Last Sale

fYidav
June 16

•^a.

Range
Since

January X

Central of Ga—rCo7i«Mmct<;
Bid
Ask Low
Hifih A'o Low High
Cliatt Div pur mou g 48.1961 J -I)
9234
94 '2 Apr '05
9413 95
JJ
Mac&
Nor
Div
112
J-J
Ist
58.1946
104
g
Feb'u4
U
J
105
104'r?J'ne'05
10412 10638
MidGa<fe
11234
Atl
D1V58....1947
J-J
102
J'ne'99
U S 38 registerea
b
10414 10334 j'ue'05
kiaii10334 10434
Mobile Div let g 5s
1940 J-J 1131a
I0714 Aug'04
U S 3s coupon
1
104^4 104»4 J'ne'05
fcl91b
104 106
'JentofN J gen'l gold 58.1987 J-J 136i4l37if, I36I4 J'ue'06
134 13634
U S 3s reg small bon(l8..A:]91i< yy b
107 J'ne'02
Registered
135i4Sale
;i.l987 y-j
13434
1351.
1331413513
U S 38 cou small bonds.. fcl91i- b 103 1^.... lOl^jDec'd*
Dockife
11438
Inipgu
5s.. 1921 J-J
II412
II412
11234
115
U S 4s registered
A1907 V J 104 U)i\ 104 J'ne'05
104 106
Le
& Hud R gen gu g 5s 1920 J-J 10534
U S 48 coupon
M907 ^ J 105 105 104^4 Apr'ti
10434 lOjTg
Leh
<fe Wilks B Coal 5s. .1912 M-N
104
1041a Mar'()6
10334 1041a
U S4s registered
F
132 132^2 132'2Mar'06
192f)
13212 133
Con ext guar 4138
1013j
firl910 Q-M 10134 Sale 101 la
10112 10278
132 14 133
U S 48 coupon
19'2,'i V
133
13^
13214133
Y
&
Long
Br
106
gen
M-S
48
1941
g
PliUippine islands 4s. 1914-34 y f
108 ....
109 J'ne'05
109 110
Cent Pacific See So Pacific Co
Chas & Sav See Atl Coast Line
JH'oreiprn Government
Clie8<fe01uog68
8er A../11908 A-O 10638
106 May '06
,^^,
106 108i«
Japanese Govt 6s sterl'g.l911 A-0 10034 Sale 10034 10H4 379 n.,
94^10.^ia
Gold 6s
ol911 A-O 109 14
10834 May'06
IOK34II1
l;d series 6s ctls lull paid
9938 Salt
99>.. 1009
98 <4
Isiconsolg 58
1939 M-N 11734 11812 117«8 1173,
11714122
£ iorju i^H clls full pd.l925 f"-a 93 »8 Sale 90 14 9;;i4 lOfSO o^^-'^J^l^
Registered
116i4May'06
1939 M-N 116
II6I4II6I4
Eepub of Cuba os exten debt.. M-ft 106 '4 Sale 106
01 in§i ,?,^^
106'^
10734
General
gold
41^8
M-S
Salf
1992
1071a 10734 24 10534110
U s ot Mexico s 1 g 58 of 18911 V-l 1 00 'g Salt nioi4 IOO'h 16, l^i^^ Vl^
Registered
IO634 103 Apr'Ol
1992 M-S
^S^"*
Gold 48 o£ 1904
9314 93 "s 9314
45 ^JH^
933.
1954 J-D
92
II3I4
Craig
90
VaOeylstg
J-J
58..
..1940
113 Mar'05
113 113
t/ iiese are pi 'ces u n the
o/$bto£.
R<fe A Div 1st con g 48.. 1989 J.J
104 Sale
04
104
1111=8 104
State Securities
2d
9812
consol g48
1989 J-J
98 Apr'05
97
Alabama class A 4 to 5
inn 101
i^i-,
98'a
102
19Ui J-J
lOlVi Jan'05
101%
UOI2
12
Warm
M-S
Spr
Val
Ist
II314
58.
.1941
Feb '06
g
II3I4II314
Class lios
109 '4 Oct '00
19U( J -J 102
'40 M-N
Greenbrier
Ry
lstgug4s
"2 Sep '04
95
971s
Class C 48
100
1901 J-J
102H2Mar'0^
Ohic & Alt RR ret g 3s... 1949 A-O *8l34
86 4
85%
8414 8634
Currency funding 48
192( J-J
11 1
Mar'02
bOl4 81
Kailway 1st lien 3 las... 1950 J-J
81
81
80 14 83
Disl of Columbia 3-658
1924 K-A
11934 Oct '04
*80
Registered
J-J
h0i4May05
1950
80 14 80 14
Louisiana new consol 48.. 191 J-J 1033b.
105 S Dec '04
Chic B & Q— Ch & la D 58 1906
10434 Apr'OO
North Carolina consol 48.191(i J-J 103
103i4Dec'04
103I2 iu2
Denver
Div
102
48
1922
102
101 103
191'.t
127'2.
68
1361-2 J'ly '01
Illinois Div3ia8
9738 97 '6 97^8 J'ne'05
1949 J-J
951-.,
98
6oCaroUna4'2s20-40
193;^ J-J
120 Mar'OC
Registered..
1949 J-J
i)6i8Peb'05
9618 96%
Tenn new settlement 38.. 191;^ J-J
97
97 iliij'06
•3ii
97
Golit 4s
108
J-J
1940
10534
Aug'04
Small
J-J
97
its ''2 Dec '(M
Iowa Div sink fund 5s..l91i A-O 10b34
1IOI4 Jan'06
IIOI4 IIOI4
97^4
Virginia fund debt 2-3s...l99] J-J
'J712
10 97
97'-.:
9712
10134
Sinking
A-O
fund
4s
1919
..
lu3
J'ue'05
103
1U3«8
68 deferred Brown Bros ctfs.
• -•>
16
ll'aJ'Ufc'oo
10
IS'e
Nebraska Extension 48.1927 M-N
107
06 14 J'ne'05
IO6I4IO8I4
106
IVl-N
Registered
IO6I4
)06i4 1061a
1927
14 Sale
1061.
Itnilroad
Southwestern Div 4h
1921 .M-S 100
100 Api'06
100 100
Alabama Cent Hee So By
Joint
bonds
See
Great
North
labaMidl -See At Coast Line
Debenture 6s
1913 m-a 10534 .
108 Apr'05
107 10812
Albany & Susq Hee Del & Hun
Han <fc StJos consol 6s. .1911 .VI113 113>2 1 1234 J'ne'uo
11134 1141*
Aiieglieuy Vailey 6'eePeunKl<
•'8....
Cliic&
104
E
111 Ists four 68.1907 J-D
10734 Muy'05
l'J5
10734
AUeg & West Hee Bull R & 11st consol g 68
1934 A-O 137«8....
137 la J'ue'06
133--2 138
Ann Arbor Ist g 48
IOC's Sale 100 v, 100 iv
/il99i> ^i-J
9612 100 la
119
General
.VIconsol
IVOI4
....
1st
119
58
1937
118
122
Atcli T <fe S Fe gen g 48...199r. A-O 103 >a Sale iU3l8
1033,
10134 105
Re«i8tered
193 \1-N
119 la Mar'Oo
UOiaUgia
Kegistered
1990 A-O
10234 May'O
100 -2 10234
Chicife lud C Ry Ist 58.1930 J-J
120»8l22 12li4Apr'06
120 I2114
Conv g 4s (subscrips)..195
loo 34 Sale IOOI4 10034
100 10312 C'lucago «fe Erie Sec Erie
Adjustment g 48
9 6 Hi Salt
/il99u -N'ov
9614
97
!I4\ 9734 i;hic Iu<fc Louisvref 6S...1947 J-J 135
I3714
135
Apr'05
134 137
Kegistered
/il995 Xov
97:isFeb'05
93 la 9 7 3b
Kelundiug gold 5s
1947 J-J 114
114 May'05
114 lloia
Stamped
/(.1995 M-N
95
9469
94 -^
94
98
LouisvN AcS;Chlsl6s.l910 J-J 110 <4
ll0i...Apr'0.T
logiallQia
Debeu lures 4s Series E. 1907 F-A 100 >2
9958May'05
99=8 99'8
lac Mil & St Paul con 78 1906 J-J
187 Mar'05
178 187
Series F
9908.
99i2Nov'04
iyo8
Terminal gold 68
1914 J-J 11034
11134 J'ue'05
10934 11134
Series (i
99^4.
99 14 Dec '04
lyo; F-A
General
4s
series
J-J
la J'ne'05
g
A..el989
1121a
112
112 1137,
Series H
99 12 J an '06
lUlu
98\
.'.
991a, 99 12
Regi8tere<t
111
el98i)
109i2J'ne'04
98
Series 1
1911
98i2Nov'0-l
1*.
General g 3 128 series B.el989
y8'2ioo'i2
Is Jan '06
98
Series K
97^4.
981s 98 1«
1913
97 Oct '04
Chic& LSuDivgos
1921 J-J 116I4 ....• 1 1 634 Apr '05
II634 11534
East Okla DiT Ist g 4s. .1928
98 14 J'ne'05
99
98 14 99 14
119
Chic
MoRiv
&
J-J
Div
58...
1926
'a
ll'J»8May'()5
1 19 la 120
Atl Knox<fc Nor Ist g 58. .1940 J -D 113
112i3Nov'04
Chic& Pac Div 6s
1910 J-J
Ulia 1111-.
110
Atlantic Coast Ist g48./il9a-.
102 Sale 102
42 100341031a
102
Chiccfe P Wist g 5s
117
J-J
1921
117
J'ue'O
11719
116
Cliarles & Sav Ist g 78..193b J-J
145 15012
Dak <fe Gt So g 58
1916 J-J 11238
112 .Mar'05
112 112s
8av F &
Ist gold 68.. 1934 A-O 129 >«
25 Is Nov'Ob
la
Far
<fc Souassu g 68
132
J-J
1924
137iaJ'ly'y!i
Ist gold 5s
1934 A-O 114^8
11218 Jan '04
Hastifc DDivl8t78
1910 J-J 115 14.
115 38 May'05
11434 117
Ala Mid Ist gu gold 58 192b .\i-N 11334
11414 Oct '04
106
Ist OS
J-J
1910
14
106
Aug'04
Bruns &
9914
Ist gu g 48 193b J-J
93 J'ly'04
I cfe D Exten Ist 7s
185"*
J-J
1908
185
Apr'05
i83«8
SU Sp Oca & G gu g 48 1918 J-J
98»4
0734 Oct '04
LaCro8se& D Ist 5s
1919 J.J I'm
-5 ll»i
llS^s May'05
Jltlantio & Danv Hee Soutb Ky
Mineral
Point
Div
J-J
106'8
1910
58
.
106"8Apr'05
l56<%106«
Austin <fe
See Sou Pacific
So Minn Div 1st 68
1910 J-J Ill .
111 J'ne'05
IIOI4III
96I4
9634 Sale
Bait<fe01uoprlorlg3»28.1925 J-J
9678 62 94 la 96'!
Southwest
Div
J-J
1st
1007b
68
1909
110
May'05
109
Registered
14 110
A1926 y-J
96 NoT'04
Wi8<fc MinnDivg58
J-J
11638::;:::
1921
J'ne'05
lu4i«
1161a
Gold 48
A-O
1151a 1163*
/il948
Sale lU4i« 104 12 2b 10238 10513
109
No
Ist
&
J-D
L 68.. ..1910
14
1 12 'b Apr '05
Il'ji8ll2i«
Registered
ftl948 y-J
103 May'05
103 104 Is
Ist consol 6s
1913 J-D 114l4il6l4 116if Jan'05
116i8ll<J"«
Conv deb 48
1911 M-8
110
105 May '06
105 IIOI2 Chic &Northw cons 7s
y-F
12738
1916
127
May'05
I26I4 1291a
1281a
14
91
P J nn
Div Ist g 3 'a8l925 M-N
92
9134 May'05
91 la 93 S
Extension
F-A
48
1886-1926
1051a
Dec
'04
1041a
P L E <fc Va Sys ref 481941 .U-N
983^ 9812
983^
98 la 101
Registered
1886-1926 F-A
102 "b May'04
South w Dlvl8lg3»as...l925 J-J
9234 Sale
9238
9234
92
93 la
99 14
General gold 3 las
1987 M-N
99 la May '03
92i« 9014 J'ly'02
99 la 101
Registered
/tl926
""
99
Registered
y-F
»198
14
"
103
Nov'98
Monon Kiv Ist gu g 58. .1919 ^:i 1071a
105iaMar'u4
Sinking
fund
117
A-O
68..
.1879-1929
118
118
117iall8
Cen Ohio B Ist cgi'us.. 1930 M-S
109 Apr'06
109 109
Registered
1879-1929 A-O 117
117 Feb'05
117 117
Pitts Clev & Tol l8t g 68 1922 A-O 121
1 1 9 12 Mar'04
Sinking fund 08... 1879-1929 A-O 111"! . . 110 la Apr'06
llliall3
Pitts & West Ist g 48.. .1917 J-J
.100
9734 .Muy'uS
9734 98 14
Registered
llOia
A-O
1879-1929
107 Mar'04
J P
<fc Co certfs
99 May'05
99
99
Debenture 58
1909 M-N 10334 iosa, 10534 J'ne'05
i'o'iia io6*"t
Bat Creek & s Hee Micb Cent
Registered
lOlia
M-N
1909
104 Mar'04
Beech Creek See
YC&
Debenture 58
1921 A-O I12iasilfc II213 1121a
iVii^iiaii
Beller <& Car -See lllinoie Ceni
Registered
1921 A-O llOia
10334 Jan '04
Bklyn & on tank Hee hong 1
Sinking
fund
M-N
deb
117
1933
58
117^8
117 1191^
Bruns & West Hee Atl Coast L
^ 117 May'05
Registered
1933 M-N 116
115iaApr'0&
Ueiallfiia
Buflalo ii Y <fe Erie See Erie
Des Mo & Minn Ist 78.. 1907 F-A 103 14
Buflalo R <fe P gen g 68.. .1937 M-S 1201a.
1201a 12068
1191-^12112
MilwA Madison Ist 6s. .1906 M-S 101 Is
104iaNov'04
All & West Ist g 48 gn..l998 A-O
991a.
North Illinois Ist 58
1910 M-S 1051a
105 la May'04
'103" Aj>r"'97
C1& Mahlstgug5s....l943 J-J 116
Ott C F & St Paul Ist 5s 1909 M-8 '1O4I4
106 May'05
104i8l07ia
l'-i5l4.
Eoch & Pitts 1st g 68. ..1921
124 la Apr '05
24
1
12612
Winona
<fe St Pet 2d 78. .1907 M-NJ
107
IIOI4
Mar'05
Consol Ist g 68
11014 U014
1922 J-D 126 ^
126 ilar'05
12434 126
Mil L S <fc West Ist g 6h 1921 M-N 112776.:::: 1277g 12778
Butlalo (& Southwest See Erie
1277el30
Ext <fc Imp 8 fund g 58 1929
12014
119i4Nov'04
Bali A Susq 1st ref g 4s.dl951 J.J
»2
100
»9ia
991s
lOOia
98 1001-^
Ashland Div Ist g 6s. .1925 M-S lai ....: 1421a Feb '02
Bur Cedar R <fe No Ist 68.1900 J-D 10034 .... 10114 10114
10034 102 12
Mich Div l8tg68
1924 J-J 132 14
131iaJ8n'05
131 Hi 131 >a
Con Ist t& col trustgCa.. 1934 A-O 11914123 ligisJ'neOS
1181*12112
Convertible deb 68
1907 F-A 101 ....: 103 Apr '04
Registered
1934 A-O 118 ....
1201a Mar'Oo
Incomes
M-N
103
1911
109 Sep '03
Wl8tga68.1921
Ulia.... 112iflSep'04
Chic Rock Isl & Pac 68. ..1917 J-J i'^a«8...::
12212 126
1237e Apr'05
at L let gu g 78....1927 J-D
Registered
1917 J-J 120^)
123 May'05
123 123
1908 J-J ioi'iaiois^ ib'iiaJ'ne'oS
Canada South Ist 58
General gold 48
1021a 104»8
J-J
107
]!l988
H:
Sale
1071a
2d OS
1071a
1913 M-S lots 107 106*4 J'ne'05
104141071a
lC5ial09
Registered
J-J
1988
107
Jan
'03
M-S
Registered
19l;i
106 Apr '05
105»4 106
Ist & refunding g 4s
1934 A-O "9 6 i^ Salt
90
963< 175 95
99 1«
Carb & Shawn £ee 111 Cent
CoU trust Series C 48 .. 1905 M-N
101 14 Sep '04
Carolina Cent See Seab Air L
H48.
M-N
.1910
96
Si
97
J'Iy'04
Carthage & Ad -S'ee
Y C «fc
M48
94 ,
1916 M-N
96 May'04
Ced R la F & N <i>ee B C R <fe N
N48
1916 M-N
931a....'
93 May'04
Cen Branch U Pl8tg48...194b J-1
81
94 Jan '05
94
94
48
M-N
93
1917
94 Dec '04
Cen Branch Ry SeeM.0 Pac
P48.
M-N
.1918
9234
....
90
May'04
Cen RR <fe B of Qa col g 68 1937
K
112 Apr '05
110 112
Chic R I & Pac RR 4n..2002 M-N
81 Sale
801-2
198 79
Cent of Ga RR Ist g 68../>194;"j
85
A 119"
II912 J'ne'05
121 12
119
Registered
M
N
70 la Sep '04
2002
Consol gold 58
M-N
1946
1131... Vii" II312
11334
113 II6I4
Coll trust gold 58
M-S
1913
941*, Sale
93 14
94
53
Registered
18
1946 M-n
i)T^
901a
107 J'ne'04
Choc Ok & G gen g 5s .01919 J.J 108^4
1101
10 lb Apr '05
Ist pref income g 68
110 115»4
pl945 Oct
97'4 961a
97 14 3-.; 90
9714
Consol gold 53
M-N
1952
11084
1
15
Ap:
'05
2d pref income g 68
lis
116
pl946 Oct
83 ^e Salt
8334
8434-, 96 67
Keok & DesM IstSs
85
1923 A-O 109
1 09 14 .May'05
3d pref Income g ob
109 llO'i
;»1946 Oct
71 Salt
7038
72>2|22y 621a 73

Government

U. S,

S 28 consol registered. ctl93(» Q
S 28 consol coupon
dlOSl^ y

J

<~l.

104
104 la
104
104

1041.^ 104ii2May'05

JJig/i

,„,, ,„
104i2l047g

Am

','

i-j

<'i

N

1^

,

,

AO

.

FA
FA

.

,

1

JU

FA
FA
FA
FA

,

.

n

.

MS
MS

ms.

UIH

W

W

.

NW

4

M

MU

&M

W

."

M

N

H

M

.

FA

--i

FA

CRIF&N
M&

AO

N

H

.lUSCELLANEOUS BON D.S—Continued
Street Unilway
Brooklyn Rap Tr g 5s
1946
let refund conv g 4s
2002
Bk City Ist con 58.1916, 1941
Bky Coifc S con gug 58.1941
Bklyn Un El 1st g 4-5s.l95o
Kings Co El 1st g 4s
1949
Stamped guar 4s
1949
Nassau Elec gu g 48
1951
CoDijRy& Llst<&refg4ias'51

A-O IO834
J-J
J-J

1st con

g

FA
FA
FA
JJ
J-J

4ias.l5i3: J-J

Havana Elec consol g 5s. 196'^
Louis Ry Co Ist con g5s..l93(.
Jklet St Ry gen col tr g 58.1997
Bwayifc7thAvlstcg5sl94;,

Col&9thAvlstgu g

58.199;^

•iio price Friday; latest price

'4

Sale
Sale

1«

M-N

Leu Con Tr Co Ist g 5s...l93:i A-O
Den Tram Co con g 6s..l91(i J-J
MfetRyCo 1st gu g 6s. .1911 J-J

Let United

88
109

liO
93
93

110

93

la

12

IO8I4

6 IO8I4 11234
88
88 la 179 83 14 897b
10838 .May06
1(1838 l(i8\
106 Feb'05
106
106
U0i4J'ne'06
109 '4 II3I4

Salt

10834

92'2May'06
93
93 K

8834 Salt
8734
100 ly 1021, 101 la

95
93

bOia

87

101'.,

98

95

J'ne'OO

9534

May'u5

93

93
911a 96 14
92

9.{

95

i-j

91
101

la

96 H,

92 la 94

1(19

Mai '9b

ii4""
n6-'4 Sale

116

IM!

114

11634

1163j

Hi*

1201-2

May'06

1 1 634
1 20 S
llO^ig 1213^

Una weet

on Next Pane.

J^treet tCallw-ny

a

Due Jan

a Due Apr

e

120'v

Due

..lay

I

Ry—C Con; Ref g 482002'
Lex Av & P F Ist gu 6.S 1993

.Met St

9034 Sale

120
97

','

Third
Third
-Met

Ave RR con gu4s 2000
Ave Ry Ist g5.s..l937

96

U9

WS El(Chic)l«tg4.s.l93b

"

Mil El Ry & L 30-yr g 6s. 1926
Minn St Ry Ist cou g 5s. .1919
St Jo Ry Lt
ist g 5s. 1937
St Paul City Cab con g 6.S.1937
Underground Elec Rys of Lou
(Ion Profit sharing 6.s...ls<0b
Union t,l (Cine) l.st g 5s.. 194..

i'0'9

10978

H&P

L'uited
L'uited

W

115

98

Rys St L

"ss''-:

4s. 1934

86 'a

1st

g

cons g

115 \ iio"
98 14
Sale

.".s. r.i;;i

<in« and Electric l^iKlit
Atlanta G L Co 1st g 6,'<...1947

yDuejue /iDuejly

96
96'4
118 14 Apr'05
96 Feb'05
1 06
Oct '99
lu6iaNov'04

9734
109

4.S.1927

-Itr-yr

907^ 105

20

90
941a
117 120 4,
94 'g 9718
IIGI2 1181a

90

96

24

97

lOOV,

3;

8714
861s

100

RRs San Frst

Chic bt

9014

120iaMar'05

88
89
99

la

J'iy"'(j4

93
Deo '99
88 \
May'Oo

Dec '97

i/i"
89-'^

.1-1

« i>ue .\ug oDue Oct

p Due Nov

«Option saJ*

H

S

1

Bond Record— Continued—Page 2

2444
STOCK EXCHANGE
Week Ending June 16
ChlcfcStL. See Atcli'V & SA
Chic St L & N O See 111 Cent
Pitts See Penn C(
Cliic St L
Chic St P M & O con 6a... 19:5(1
N. T.

West Indgen g 6s ijiy;-!!.
Mich See Pere Marfj
Chic <fe
Choc O & Gulf See C R I & P

W

H&D

consol s f 73...1iHi."
19:^7
2(1 gold 4H2S
CinD Jfc I Ist gu g 5s. ..1911
l8t gu g 4s.l9uK
Cln I
C I St L <fe C S«e C G C <£; St L
Cln S & O S^e C C C St li
OlearUeld & Mah See B R <fe K
Clev
C & St L gen e 4s 1993
193!Cairo Dlv 1st gold 43

Cln

&W

Cm

Cin Wcfe MDivlstg43.199]
Bt L Dlv 1st col tr g 4s. .1990
Registered
199(1
Spr & Col Div Ist g 48.-1940
Val Dlv 1st g 48.. .1940

W WSt
C

I

I^

&

C consol

Last Sale

^ak Low

\^,^\

J.D

93

35:0

136
93

....

J'ne'05

Dec '03

J-J
(J-M

114

J.J

A-O

95

J-J

95

9o
115

....

100 14

May'05

.

116

.

Vl-N

1041a Dec'03
113 Oct '()0

.

no5

liSSaMay-OO
99 May'05

9718.

J-J

J. I)

102i4Sale

J-J
J-J

101
101

J-J

'•9

9934

Feb '05

10014

941-2

Aug'03
Jan '04

104
101

Q-F

105

103

114

J-J

J-D
J-D

102 >4 1021.
101 May'OS

lOO^gMar'O
101 la 102
100 Oct '04

101ial02

M-N
M-N
M-S

lOlSg J'ne'05

114
123

J'ne'Ou

l^O^!.
13434

135

May'05

.

,

100

75

i:

M-S
M-N
J-D
J-D
J-D

'

J-J

Mb&

IOOI4

100

W

Des M & Minn See Ch & N
Des Moi Un Ry Ist g 53..1917
Det M & Tol See L S <fc M So
Det & Mack Ist Uen g 43.1995
1995
Gold 48
1951
Det Sou Istg 4s
Ohio Sou Div Ist g 48. ..1941
Dnl<& Iron Range Ist 58.. 1937

<&

J-J
J-J
J-D
J-J

M-N

84

116iall6ia

75 Sf
95

7334

90

^4.

77
95 la

A

W

102
108

W Ist ref 58.1937
2d gold 4>28

193
1940
Temunallst gold 5s.. .1943
Regis «5,000 each...] 94
MldRRotN J I8tg6s.l910

lOl's

108 14 108
108 108

•

100^4 Sale

90
91
93 »8

101 la.

991a

91
d7

IIOI4

126

129»4

130

130

129m30
U2i8ll5
103

102
Apr'Oo

134 la

103'ii

IbsU

100
108
108

J'ne'05
100^4
J'ne'05

10214
1091a

110

9818 10034
89
94 la

Sep

'04

Carb& Shaw

May'05
May'05

115 14 J'ne'05

J-J
J-J
J-J

F-A
A-O
J-D
J-J

M-N
A-O

ligia May'05

108 la

107

114'2
lOts^
114S.
105

11334 J -ly '04
llOia IIOV
11412 1141a

95
70
90

97

84

114

116

961a

Illiall5i4

May'05

103 Feb '05
135
134 la May'05
130 Aug'03
130>a
102 102 H 102
102 14
"^i

94 "4 Sale

981a Jan '04
93^4
94 ^i

.;6

19(j

>..

10234 J'ne'05
1341a 1341a
118 J'ly'04
116 J'ne'05

115

105

...1953

J-J

F-A

101»al04
109

F-A
M-N
M-N
A-O
WUkife Eal8tgug58.1942 J-D
Erie <fc Pitts See Penu Co

1171a

109
109

....

llOiaMaj'05
1 17 la Jan '05
109

-e

1171a 1171a

IIOI4

Jan

109

112

103

J'ne'05

ibo "ios"

IIOI4
IIOI4
1131a Mar' 00

11014 110»4

Apr'05
Mar' 03

.

10618 May'05

.

102

Oct

101 la 101 la

ibs" ibfia

'01

1041a 106
103 lu3

1051a J'ue'05

103

103

.

941a.

90

953, May'o;

9434

1951
1951
1951
Meinpli Div 1st g4s...l951
St L Sou l8t gu g48
1931
Ind Bl <fe West See C C C <fe St L
IndDecife
1st g 5s
1935
Ist guar gold 58
1935
Ind 111 & la 1st g 48
1950
Int<fe Great Nor lstg6s.. 1919
2d gold OS
1909
3d gold 48
1921
lo'iva Central 1st gold 5s. .1938
Refunding g4s
1951
Jefferson RR See Erie
A & G R see L S <fe s
Kal
an & Mich See Tol & O C
K C Pt S &
See St L & S F
K C <fe R & B See St L & S F
Kan C & Pacific See
K&T
Kan City Sou Ist gold 3s. .1950
Registered
1950
Kentucky Cent See L <fe N
Keok & Des Mo See
& St L
KnoiviUe & Ohio See So Ry
Erie
<fe
Wist
g OS.. 1937
Lake
2d gold 53
1941
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coU g 58.1997

85 la 86

96 Mar'05
101 Is Oct '99

9512 96

....

100

1104 Jan
103

W

9618

May'99
Jan '05
Nov'04

123
86
85

100 Nov'OO
106is....
109 1« May'05
12156---.
124i2Apr'04
1031a 90 Nov'98
12314....
125 Feb '05
12018....
11934 Mar'04
94I4....
93=8 M»y'04

Ist g 43... 1932
O g 5s.. .1951

103

103

1061a Mar' 03
.

82

Chic St L<fe X
Registered
Gold 3ias
Registered

109 14
107 14
10034
I'iO
121
101 Sale
80 Sale
1121^113
85

109 Is 109 4

123^ 125"

llOiallOia

'05

103

Nov'04

106

Mar'04

107 la Dec '02
lOOia May'05
1201a May'05
lOlSj 1011.2

9968

80

79

1123j J'ue'On

85

Apr'05

71
63

71 14
Oct '00

1004

11914122'a
100 IO314
7038 SI
1121a 116
89
85

M

M

M

Leh Val

71

Sale

118^8. ...

1191a 1191.,
II6I4 Apr'0.5
1161a.-..
110 11818 I'iiO Feb '05

109 ^8 Apr'05
IIII4 11238 1121^ May'05
105 Jan '04
II913.
II9I4 May'05
no's.
109 la Oct '99
II412.
115 J'ne'05
99
99 Jan '05

N Y Ist gu g4ias.l940

l(Wiall0i4

'05

lOy'b loa^g

NY&RB

105^8

^

1st g 5s

Gns and Electric Light
Bklyn U Gas Ist con g 58.1945 M-N 113
Buffalo

1927

NorShB Istconggu58ol932

Louisiana* Ark 1st g 58.1927
Liouisv & Naahv gen g 63.1930
Gold 58

1937

Unified gold 4s
1940
liogisUired
1940
Coll trust gold 53
1931
6-20-yr col tr deed g 4s. 1923
E H <fc Nash l.st g 63. ...1919

IUISsCELLlANEOUs* bonus*—Coiitiuiied on

60

70

751*

iNe.xt

117411934
112=8 11*514

117

4120

10814 10908

IIO4II218

1174119'9
115
99

115
99

.

104 14.

106 "a Nov'04

1151a
101

117iaApr'05

lOOialOl

101
105

11741174

101 1024
101 la
Jan '05
105 105
98
9914001 '04
100 14 IOII4 IOII4 1011,
10014 103
116 110 J'ne'04
102i4 8ale 10134
1021a 165 101410334
1071*
104^8
105i4Mar'03
1131a
112 Mar'02
Illiall4 11 138 May'05
11138111=^
112
109 Nov'04
106 105 14 Apr'05
1044105'8
119 't 120 119
119 122
119
119
11834Ma>'0.'i
117 1194
105 Is Sale 104'8 105 'v 49 10241054
101'8J'ne'04
114'8ll5
115 Apr'05
98 "a.
98^. 22 974 100 "a
98 "a
II4I4
II414II7
114 14 J'ne'05

101

.

Pase.

and Electric Light
LacGa8LofStLlstg5s.el919 Q-F 10834 109
Ret andoxt Istg 58
1934 A-O 105
Milwaukee Gas L Ist 4s. .1927 M-N
91
Y
G
E
L
U
P
N
ifc
g 58. ..1948 J-D 1084 SaltPurchase money g 4s. ..1949 FA
924
Ed El 111 Ist conv g 58. .1910 M-S 104 4106
4«as

113
113
Gas Ist g 58
1947 A-O
65
69
704 684
CouHOl Gas conv deb 68
1909 J-J 169
169 14
169
CocBuni Gas See P G & C Co
Detroit City G:ui g as
1923 J-J 102 »8 103 10234 J'n6'()5
Del Gas Co con Ist g 58...191H FA
105 J'ue'03
Ed El lU Bkn See KCo E L & P
Ed Kill SceN VGi&ELH<fcI
YlBtcon g 5s.. 193'.; M-S 113
112 Nov'03
Kq G <fc Fuel See P G & C Co
Ga«& Elec Berg Coo g 58. 1949 J-D
01 4 Oct '01
Gen Electric <leb g 34s..l9-1'.
90
92 4.May'05
Or Rap G LCo Ist g 58. ..191; FA
10734 Dec '00
Hndaoii Co Gas Ist g 58..1'.i49 M N ibiiig
1094 Fob '05
KaiiClly(Mo)Gasl8tK58l9'2'^ A-O
99
100 May'05
KUigdCo El L<& P g 68... 1937 A-O
Purchase money Os
1997
12241251
123
J'ne'()5
Kil fc.1 11 likn Islcon g48 1939
J-J
90
97
9 14 Apr '0
ifoyrice Friday; latest bid and aakeUtULs week.

118
73

100

103

I8714

Ist consol gold 53

NY

<fc

1995 J-J

Pat <fc Pas G & E con g 5s. 1949
Peo Gas & C Ist con g 6s. 19-43
Refunding gold 5s
1 947
894 924
CliG-Ltfc Ckolstgugos 1937
'10941094
Con G Coof Ch l8tgug5s.'36
100 100
Mu Fuel Gas Ist gu g 5s. 1947
Syracuse Lighting Ist g 58. '51
l'24isl27
rreiiuiii G & El Istg 58. .1949
944 914 Westchester liiffht'sg 58.1950

.

.

AO

>

aDueJaa

113
66
109

.XY&QBlL&Plstcong5sl930 F-A
Rich Gas 1st g 68.1921 M-N

EqGLN

FA

112
112
105 la J'ly '04

1011.2 May'()5
70 Oct '04

t2i4.

N YB&MBlstcong5sl935

102'aMuy'O.'-)

110^4 11014

10534

103
94

103

96
109

*

103

101 S

-a.

99 103
931410113

1041a

104';.

ii'3'14

1940
Leh V Ter Ry 1st ffu g 5s. 1941
U7i8l20
Registered
1941
Leh V Coal Co Ist gu g 53.1933
Lehife N Y 1st guar g 4s.. 1945
107 107
Registered
1945
1st g Ist pf 63.1914
1074110^!
Gold guar 58
1914
1141a 1171a
101 la 103
Leh <fe Hud R See Cent of N J
Leli & Wilkes b See Cent of N J
133 137
Leroy & Caney Val See Mo P
100 10334 Long Dock See Erie
Long Isl'd— Ist con g 58.fcl931
Ist consol gold 4s
A.1931
91
94'a
General gold 4s
193)?
M4I4 971a
Ferry gold 4ias
1922
Gold 4s
9534 111
1932
r26ia
'Unified
gold
48
1949
1261a
Debenture gold 5s
105 110
1934
Guar ref gold 4s
1949
1201a l'23ia
Bklyn<fc Mont Istg 6s.. 1911
10234 105
I34ial36ia
Ist 5s
1911
116 116
117 117
II414II6
102 "a 1021a
109 111

Jan '05
Apr'05

117
116

117^4

General gold 5s

'

10/
I0534

EIC&N

88 Nov'04
95I4
95
95 Hi 95
104 103 la 1043,
124 126^8 126 'a Mar'05
lOT-s
110 Mai'05
122^3 Sale ..221,. 122
134'a
115
115>4

'.'...'.

.

Registered

11334

'

llOis.

Registered
1953
Cairo Bridge gold 4s
1950
LomsvLlleDiv gold 3 128. 1953
Middle Div reg 5s
1921
Omaha Div Ist g 3s
1951
St Louis Div gold 3s
1951
Registered
1951
Gold 3ias
1951
Registered
1951
Spring Div 1st g 3ias...l951
Western Lines Ist g 48.. 1951
Bellev<& Car 1st 6s
1923

1021a 10284 400
lOlia J'ne'05

M

8I34 Mar'05

93 "li 93
115 116

11134 112

6

MS

119
99

....

105

10538

A-O
M-S

124

J-J

10,S'?8l09

J-D
M-N
J-D
M-b
J-D

106

125

109
105 4 May'05
92 May'05

10334

108 4
92 14
92
104i4Maj'05

1084

119 4 Apr '05
106 May'05
103 May'Of,
I05I4 May'05
1233, May'05

1074 107 4 May '05
4 1))8'4 J'ue'OC

107 4 109

May'05

110
113

Mny'05

1014 1074Apr'05

14 108 10934
105 41064
92
924
108 I4IU4
9734
92
103 'a 10534
118 41194
105 108
103 103
105 1410514
l'J3

M'J7i8

107 4109
110
108
107 I4IIO
105 4107 4

974
I0914

Duo Feb ciDueApr «Duo.Uay /iDuej'ly /cDue Aug

.

Due Oct

Jan
2

'05

'

1133411^^;;

10212 105 V

io3

1952

LN O&Tex gold 4s

M

97»a 9915 100 Sep '04
96^2 96iaApr'05
Ha

134

102 106 ig
142ial42ia

95
92

103

10634 1071a

Jaa'02

110

116

Coal&RR

<fc

Sale

A-O

RR 1st gu g 58....al90'.i
Long Dock consol g 6s. .193 AO
Ist cur gu 68.1922 M-N
Dock & Imp 1st cur 6s. .191:: J-J
N Y & Green L gu g 58. 194t M-N

Jeff

108

12838 13134

1121s May'05
104 May'05
107 Mar'05
102 Feu '03
13334
134 May'05
149 Aug'Ol
10338 105'^ 103 14 J'ne'05
102 ....
102
102
isa^a....
142 "a Mar'05

MS

1937
1916
Atl g 5s.. 1937

Registered
1996
XBt consol gen Lieu g 48.. 1996
Registered
1996
Penn coll tr g 48
1951
60-year conv 4»
1953
Butt2<
Erie Ist 7s.. 1916
190.-Bull & S
gold 6s
Chic& Erie Ist gold 58.. 19«2

116

114

Mar'9&
111

105
111
91

1041a 1041a

Uiuois Central 1st g 4s.. 1951
Registered
1951
1st gold 3I2S
1951
Registered
1951
Extended lstg3i-28
1951
l.sl ",'Old 3s sterling
1951
Coll Trust gold 4s
1952

Registered

.

J-D
J-D
J-D

ElmCort&No SeeLeh<feNY
Erie Ist ext gold 48
1947 M-N
2d ext gold 58
1919 M-S
3d ext gold 4 "28
1923 M-S
4th ext gold 58
1920 A-O
19'.
J-D
6th ext gold 4s
192u M-S
Ist consol gold 78
Istconsolg fond 7s
1920 M-S
Erie 1st con g 48 prior.. 1996 J-J

N Y Sus

741a

94 14

101

.

A-O

East Ist g 58.1941 M-N

Y&

1

135

711a

.

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

&
East of Minn SeeStPM&M
aat Ten Va & Ga See So Ry

Elgin Jol

134

'.18

1<

108 ....
108 Mar'05
1J6 127 127 May'05
128 Is 128 Hi 1283b 1283„
130 Jan '05
97
I3OI2.
130 May'u5

tltahCent l8tgug4s ol917 A-O
Eio Gr So gu See Rio Gr So
©es Moi <fc Ft D See O R & I P

Dul So Shore

Houst E <fe
Tex See So Pac
Honsl & Tex Cen See So Pac Co

1

IO6I4IIOV

10212 1051a 102 la May'05

92

102'8 bale

W

112"' 11414

Dec '04

II3I4
102 '8
105 '4.

F-A
.V-N

.VI-

191
Sus Ist con gu 78.1906
1906
Guar gold 68
BensA Saratoga Ist 78.1921
Del Riv RR Bridge See Pa RR
Denv & R Gr 1st con g48.1936
Conaol gold 4'<28
1936
Improvement gold 58. ..1928
BloGr West Ist g 4s
1939
Consol and col trust 4a 1949

Registered
2d 68

76

9434 Sale

SyrBlng&K Y 1st 78. .1906 A-O
Warren Ist ref gu g 3 i^s. 2000 F-A
Hud Ist Pa Div 78.191"
Del
<fe

'

January 1

108 1211414
91
85

! t

98^4

<fe 'X

Registered

Jiang*
Since

J'ne'05

91

Han

W

N Y Lack & W 1st 68.. .1921
Construction 53
1923
Term & iinprove48
19v

Last Sale

Ibgi^""

W

104iaNov'01

98><2

1947 J-J
Col Midland 1 3t g 4s
Colorado & Sou Ist g48...192y F-A
Coltun & Greenv Se^ So Ry
Col & Hock Val See Hock Va,
<fe
Col Conn & Term See
Conn <fe Pas Rivs Ist g 48.1943 A-O
& St P
& Gt So See

Del Lack & Western 78.. .1907
Morris & Essex 1st 7s.. .1914
1915
1st consol guar 7s
1915
Registered
2000
Ist ref gu g 3 hiB

June 16

S.o

Illl8ill3b llOiaMay'()5
113 .... 114 Apr 05
104 Oct '04
1051a....
114 Apr'05
1151a....

W&
W&

73^6 3alt
73 76
73
A pi
1121a Feb '04
01 Lor & Wh con Ist g 5s. 1933 A-O 116
Clev <fe Marietta See Penn RK
lieiaJan'Ov/
Clev & Mahon Val g 58...193b J-J 119^8
Clev & Pitts See Penn Co

CM
See M K

Week's

Range or

Bid
Ask Low
Higti No Low High'
123412514 1231a Mar'05
1231, 124 >4

M

199tJ

Dak
alias & Waco

& T H 1st cons

G8.1921
1st general gold 5s
1942
133''8l38
Mt Vernon 1st gold 6s. .1923
Sull Co Branch 1st g 53.1930
135 135^8 Evifc Ind Isicon gug6s..l926
L'^argo & So See Ch
<fe St P
12314 i25i.j 1 lint tS; Pere M *ee Pere Mar
8614 99
F''la C & Penm See Sea Air Line
2('
8438 97 14 Fort St U D Co 1st g 41-28.1941
115 116
Ft
Den C Ist g 63.. ..1921
Ft
RioGr 1st g 4s... 1928
/
al Har & S A See So Pac Co
^TalH<feHofl8S2l3t 58.1913 A-O
Georgia & Ala See Sea A Line
11538119
Ga Car & Nor see Sea A Line
98
991a <jeor.?ia Pacific see So Ry
(ilia V G & N'or See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap tfe Ind See Penn RR
20 101
104
Gray's Pt Term See St L S
10034 101
Gt Nor— C B cfe Q coll tr4s 1921
Registered. /i
981a 1003s
1921
lOO^a 103^8 Greenbrier Ry See Ches & O
Gulf & ^ 1 1st ref & X n 5s 6195'J J-J
9934 9934
& St Jo See C B & Q
ousatonic See N Y N H <fe H
Hock Val lstconsolg4ia3.19!i'.i
100 la 101 la
Reifistered
1 1)9
Col<fe H V l.stext =;4s..l94K
I

J-J
J-J

A-O
W
& W Ist pf 58...c«193H QJ
O
Peo & East Ist con 48. ..1940 A-O

N

January 1

i'rice

Fritiav

1

A-O

Ind

Income 4s

BOND.S

STOCK EXCHANGE
Week Endinu June 16

N. Y.

Migh No Low High,

I34I2....
135-'8Apr'05
134
129^4 Mar'04
....
I24I4 125
124 14 J'ne'O.i
97I4 97
J'ne'do

M-N

fcl936 Q-f

fcl93i
Registered
Cln S <fe CI con Ist g 58. .192^
1914
CCCife I consol 78
1914
Consol eink fund 78
General consol gold 68.1934
Registered
1934
Ind Bl &
Ist pref 48.1940

Since

J. II

68..19'i(i M-.\

l8t gold 4s

Hange

Evans

<fc

Chic<fe

Weel^s

Bange or

HkI.

i^\-

Cons 6s redwced to oivS-UMo
ChStPcfe Minn lst!r6s ItUNor Wisconsin 1st 63...iy;H0
St P& SCity 1st g 6s...l9]:i
Chicago Ter Trans g 43. ..1047
Coupon off

Jrrice

Friday
June 16

Vol. ljjo.

110 11214
IIII4 113

Due Deo tOytionsal*

—
JUNE

BONDS

Price

Week's

Hange

Fridav
June 16

Range or

Since

Last Sale

Ask Low
Bid
Na,shY—( Continued J
109 Mar'05
iiQva& Lex gold 41^8.. .1931 M-N 109 1«
13134 May'05,
13234
J-J
..1930
S & M Ist goW 68..
<fe

1930 J-J

6a

PensacolaDiv gold 68.. .1920 M-P
St

LDlv

1921 IW-S
1980 Nl-S

1st gold Ss

2d gold 38

HenderBdgelst8tg6s.l931 M-S
Kentucky Cent gold 4s. .1987 J-J
Ii&N<feM&Ml8tg4'<2Sl945 M-S

M

Joint 48.1952 J-J
S 1st gu g 6s. ..1937 F-A

N-South

L<fe

N Fla

<fe

& Atl Ist gu g 68. .1921

P-A
Ala con gu g 58.. 1936 F-A
1910 A-0
Sink fund gold 68
& Jeff Edge Co gu g 48. .1945 Wl-S

Pens

BONDS

January

3q Cc

B&N

L
L N A & Ch SeeCl&l.
LS MS
Mahon Coal See
anhattan Ry consol48.1990 A-0

12634 129

126»2Feb'()5'

112

114 Ai>r'n5
121J2May'05

I2IJ4

75
113

1

9812 10134

110

Feb'05

115 Mar'05
II212 Mar'05

110 110
97 14
96
113 II5I4
11212113

1 15

11514

96'i2

iVei
11378.
114 Si.
105 .

J'ne'05

Mar'05
Mar'03
9S«8 Oct '04
1*

UO'^

994.

Registered
48
Registered

1990 AO
Metropol El 1st g 6s.... 1908 J-J
Coloniz g 58.. ..1934 J-D
McK'pt & B V -See N Y Cent
Metropolitan El See Man Ry
Mex Cent consol gold 48. .1911 J-J
1st consol income g 3s.al939 •T'ly
2d consol income g3s..al939 J'ly
1919 A-0
Equip & coll gold 58
CoUtr g 4^28 1st Ser....l907 FA
M-S
48.1977
con
Mex Intemat 1st
g
1977 M-S
Stamped guaranteed
Mex North Ist gold 6s. ...1910 J-D
Mich Cent See N Y Cent
Mid of N J See Erie
See Chic & N
MU L 8 &
MU «fe Mad See Chic & N
Eogistered

104 107
104 104
10618 108

W
W
See Ch M & St P
.1927

W

MU & North
Minn & St L

1st gold 78.
1909
Iowa Ex 1st gold 7s
Pacific Ex Ist gold 6s. ..1921
South West Ex 1st g 78.1910
1934
1st consol gold 5s
1st and refund gold 4s. .1949
let gu 48. ..'35
Minn & St L gu See B C K &

DesM&FtD

J-D
J-D
A-0
J-D
.M-N

MiunUn See
Mo Kan Tex
<fc

P

^1990 P-A
1944 M-N

Ist ext gold 58
St L Div Ist ref g 4s. ...2001
Ist gug 58.. .1940
Dal&
1st g 4s. ..1990
E 1st gu g 5-8.. .1942
Mo
1942
& Ok 1st gu 5s
T of T Ist gu g 58.1942

Wa

KanC&Pac
K&
MK
MK&

SherSh&Sol8tgug5s.l943
Tex&Oklalstgug5s...l943

Missouri Pacific 3d 78

190G

1920
Ist consol gold 6s
Trust gold 58 stamped. al917

A-0
M-N
P-A
A-0

M-N
M-S
J-D
M-S
M-N
M-N
M-S

al917 M-S
1920 F-A

Registered

l8tcoUgold58
Cent Br Ry Ist gu g 48.1919

FA

LeroycfeCVALlstg5sl926 J-J
Pac R of Mo l8t ex g 4s. 1938 P-A
2d extended gold 58. ..1938 J-J
St L Ir M<fc Sgen con g 5.sl931 A-0
Gen con stamp gtd g 58 1931 A-0
Unified <fe ref gold 48. .1929 J-J
Riv & G Div 1 st g 4k..] 933 M-N
1st g 5s.l926 M-S
Verdi V I <fc
Mob & Birm prior lien g 58 1945 J-J
1945 J-J
Mortgage gold 48
MobJ&K C 1st cons g5.s. 1953 J-J
Mob & Ohio new gold 68.. 1927 J-D
Ist extension gold 6e../tl927
1938
General gold 4s
Montgom Div 1st g 5s. .1947 F-A
Q-F
4a..el930
coll
Cairo
&
St L
g
1931 J-J
Guaranteed g48
& O coll 48 See Southern

77

1114

12

2»>-

105

May'OO

13612
lOS^a
II913

142

Dec '03

110

11

1

20 ^ Apr '06

96
97I3

9ij^4

98

99

IOOI2 I04I4
84-'4
8712

W

95I4

114

10478 10834

106'2ll03(,

107

J'ne'05

110>2

95
98
IO412IIO
103 105 12

97

II6I2 11334
11638 119

11884 11834
II6I2 11634
10934 Oct 'OLi
95
95^8
9434
95

95^8 Sale
95 >4

94-38

106 109>2
107>2lO7H>
104 12 10838
10334 107
12212 125%

Mar'05
IO512 105 >2

n7

9II2

111

110

11834

87

94
94

9638

9314

93 14

98

102

lUM

llli2Mar'04
93i4Apr'0o

94Hi

98I4 98>2J'ne'05
125'2l26Hi 12534 J'ne'05
124 125 12434 j'ne'Oo
96^2....
9612 May'05
114 117 11434 Apr'05
91*2. ...
95 Feb'05
10014....
101 Nov'04

ti

M

95 12 9812
12534 129
122 12434

Morris

<fe

Essex See Del

L. &,

J-J

122

Sale

A-0

115

116

J-J

120^8

Al Ist 6s.. 1917 J-J
1917 J-J
Branch 1st 6s

116'^f.

<fc

1st

-

Jasper Branch 1st g

McM M W

T&P

6.s..l9'2o

<fc

Nash Flor & Shef See L <fe N
Nat of Mex prior lien 4^s. 1 926 J-J
1951 A-O
1st consol 4s

1H97
1934
Lake Shore coUg 3^28...! 998
1998
Registered
1998
Mich Cent coU gSiss
1998
Registered
Registered
4s

Beech Creek 1st gug 48.193(3
1936
Registered
1930
2d gu gold 5s
Beech Cr Ext Istg 3^28 ftll'ol
Cart & Ad Ist gu g 4s... 1981

80

& Mont 1st gu g 5s. 1916

107

107^ Feb'05

Sale

105
101

8034

8O34

J-J
J-J

10034 Sale

IVl-K

101

100

F-A
F-A
F-A

90 14

101
131 IOOI4 Dt2=8
20 9034 03
92
90 '4
911-..
2
89
90 14
89I4 911^
2
90
90
89 12 May'05
89 12
89

90
90
10738....

J-J
J-J

110

A-0
J-D

8934
10034

92

99'8 10034
9918 10012

Apr'05

10034
9134

903j

FA
JJ

10034

10034

IO7I2 Feb'05

102

Mar'04

95

Apr'O;

10612 1071.^

,

,

,

,

.M-S

1941
Xor& South 1st g58
1931
& West gen g 68
Improvem't<fe extg68..1934
New River 1st g 68
1932

N& WRy Ist con g 4s. 1996

105
106

106

Oct '02
Mar'05

103

13134 Apr'03

IO312.

103
104
103 la Jan '05

14 103 106^%
103 >a 103 la

1091s....
13118....
I3214....
12978....

1

11 14 Feb'05
133i-jJan'05
1321a May'05
13212 Dec '04
102 14
102

11114 IIII4
1331a 1831a
1321a 132»4

102

Registered
1996
Div'llstl& gen g4s... 1944
Pocah C & C joint 4s.. 1941

1922
Scio V & N E 1st gu g 4s 1989
North lUinois See Chi <fe N
North Ohio See L Erie &
Nor Pac Prior Uen g 4s. .1997
Registered
1997
General Uen gold 3s
a2047
Registered
a2047
St Paul-Dul Div g 4s. ...1996
Registered
1996
C B & Q coUtr 48 See GtNor
St P & N P gen g 68. ...1923
Registered certific'8..1923
St Paul & DvU 1st 5s.. ..1931
2d 5s
1917
1 St consol gold 48 ! I ! ! 1 1 9 68
Wash Cent 1st g48
1948
Xor Pac Ter Co l.st g 6s.. 1933
Nor Ry Cal See So Pac

WW

—

*

W

Whio River RR

9434IOOI4

Feb'05

109 la 109 la
100 103

'a

101

101

105 7e Sale
105
77 Is Sain

1051a

106
105 ig

"991^ ioi'

100

12534 .
II8I4.
11378.
108 -'a
9912.

125 la Apr '05
132 J'ly '99
112 14 J'ly 'O.-i
108 Apr'05
100 14 Apr'O;)
92 12 Apr '05

105
77

7738
74I2 May'05

Mar'05

n63B.

11638

11412.
Ill .

II8I4 Feb'05

Ulia

1163i

941a 9779

10434 10634
IO312IO514
75I3 78

74^2

763*

100

101

1251a

126%

10734 109

9979101
921a

115

921a
116S?

11814 1181*

lllia

10 IIII4II314

J'ne'05
J'ne'05

99I4IOOI4
112 11513

W

Sink fund subsidy g 6s. .1910 M
Penn Co— Guar 1st g4i2S. 1921 J
Registered
1921 J
Guar 312S coU trust reg.1937 M

J.

-

W&

RR

Convertible g 3128
1912
Alleg Val gen gu g 4s. ..1942
C1& Mar Ist gug 4ias.. 1935
D R R R & Bge 1st gu 48 g.'36

Gr

Rife

9978 1005; 100

111%
103%

112

103 Apr'05
102 Apr'02
110 '2 J'lieOS
106 Jan '0
102 Nov'98
94 J'ue'05
97 May'05
1177a May'05

.

94
9714.
II914.

1932 A-

Pgengug4i28serA.'42

Series B
1942 AScries C SHzs
1948 MSeries D 3128
1950 FErie & Pitts gug3i28 B.1940 J.
Series C
1940 J.
& C Edge gen gu g 4 I2S 1945 J
PCCcfeStLgu4i2SA...1940 ASeries B guar
1942 ASeries C guar
1942 MSeries D 4s guar
1945 MSeriea E 312 guar g
1949 FPitts Ft
C I8t7s...l912 J.
2d 7s
1912 J.
3d 78
/tl912 A
Penn
Ist real est g4s. 1923 MConsol sterling g 6s
1905 J
Con currency 68reg...j/1905 cj19l;i .\I.
Consol gold 58
Consol gold 4s
1943 M.

A-0

10438

100 J'ne'05
95 14
941a
lii9

9 2 la.

Xor Wis See C St P M & O
Xor <fc Mont See X Y Cent
See C C C & St L
i \ Ind &

34 100

9934 J'ne'04

.

!

107

102 '2

'991-2101"
95 Sale
IO914
101 14 Sale

CC<feTl8tgug5s

10712 J'ly '00

104
105

1241a.

<fe

N

Sale
9134 Sale

107ial07ia
104 106

I05I4

Mar'04

<fe

Cl<fc

81'

1191a

'02

<fc

105i8l05ie
7934 83 14

11578119

N J Juno R gu Ist 48.. .1980 FA
N Y & Pu Ist con gu g4s 1993 XO
Nor

106
105

Jan

cfe

aouv<feOswelstgug5s 1942 J-D

gug 48. .1991

Utica&

N Y Chic & St L Ist g 48.1937
1937
Registered
X Y & Greenw Lake See Erie
X Y & Har See N Y C & Hud
N Y Lack W See D L W
X Y L E & W See Erie
NY&LongBr See Cent of N J
XY&NE SeeXYXH<feH
New York New Hav & Hart—
Housatonlc R con g 5s.. 1937
N H & Derby con g 5s. .1918
N Y c& North See N Y C H
X Y O & Wref Istg4s..firl992
Regis ?5, 000 only
^^1992
X Y Put See X Y C & H
X Y' & R B See Long Island
X Y S W See Erie
N Y Tex & M See So Pac Co

105 k l05i8Mav'O5

A-0

Clearf Bit Coallstsl;48.194U J-J

Mohtfc Mai 1st

U7iall9%

11334

Guar3i2SCoUtr ser B...1941
Tr Co certif'8 gu g 3i2S.19i6 M
C St L A P 1st con g 58.1932 A-

<fe

Deben g

118

117% May'05

Registered

NewH&D SeeNYNH&H
Y Cent

N J June RR See N
New Cin Edge See PennCo
N O & N E prior Uen g 6s i>191C
N Y Bkln & Man Bch See L 1
N Y Cent& H Rivg 3^28.1997

119 12 Mar'05

119 121
II7I4II7I4

U514

II4I4U7

1051s 105 1«

.

122
122
II412 li5
121 Apr'05
1 17 14 Mar'05
113 J'ly '04

12078 123

105i^Mar'b5

II512.
11734.

C F & St P See C & N
Oz'rk& Cher C 1st gu 58 g.l913 ACoast Co 1st g 58
1946 j
Pac
ac of Missouri See Mo Pac
Panama 1st s lundg4i2S..1917 A

W

St List 7s.l9ia
Chat
Nash consol
192.gold 58

96i4May'04

107

58. ..1927

Ist

( )

Mont Cent SeeStPM&M
Morgan's La & T See S P Co

124
120

Oswe<fe

1st g 58.1936
General gold 5s
1937
Ore & Cal See So Pac Co
96 la 99
Ore RR & Nav See Un Pac
11334 115»e Ore Short Line See Un Pac
95
Oswego & Rome See N Y C
95

Mohawk & Mai SeeNYC&H
Monongahela RiV See B & O

124
119

.

g
ext 58.71,1922
RW&ORcon2d1st
gu g 58...el915
Ist gug 58.1918
RW&OTR Riv
Elk
gug4s. 1922

10334 108

.

11634

101 12

124

loeiaNov'OO
97 14.
74
101 la.

Xorf

.

105

98

113'^4ll3'4
II4I2 11734
f>5'.j
987^
971a 98I4

loo's Sale lOO^a IOII2
86 12
86 Sale
86
105 Is 105^2 1051a IO512
90 ".J 92
90'2J'ne'05
105 14 Dec '04
10534
95
9534 95 Apr'05
II214 114
114
114
IO6I4 Sale IO6I4 IOOI4
I0712 107 J'ue'05
107>2 Feb'05
i06^.
105
106 J'ne'i.'5
104 >2.
104'2J'ne'05
1225j 122<%J'ne'05
ib?"
107
I0718

lOS^s 103
Sale
97

9412

26I2
l't\

I20I4I22

102^2 10234 101^2 May'05
103 Nov'Ol

108
97
107

79

10534 lllSf

3 1-4 Mar'05
II412 11434

lU^slie

73^8
19
11

Feb'05

J'ne'05
IO6I4 J'ne'04

2000

<fe

10334

10834

97^2 9S

J-J

76
19 '8

96'2J'ne'05
90»8J'ly'0]

96

Ist g 48. ..1990 J-D

2d gold 48

19^2 20 ^^
1134 Sale

J-J

MStP«S;SSMcong4intgn'38 J-J
gu 1926
M S S M & A IstStg 4 int
M &M

Sale

124

109% Apr '04
124
119

108

Harlem g 3128...2OOO

<fe

NYcfe North
77

M-S

N

Y

HtaU

10934
I0914

Maj'05
Jan '03

124
139

108
121

1940
1940

Registered

r.ow

1

14112
117

L

N

i-j

ManSW

IO9I2

141

1951
<fe S l8t g 312S
1952
Ist g3i2S
Bat C & Stur 1st gTi g 3s. 1989

J

<fe

104 104^2 10414 104^2
104 Apr'05
ios'i^ i09
108'2J'ne'u5

I24I2
I2214

1931
1931

58

Since

January

22 108I4IIO
3'.
10778 1091a
6 9914I02
99 12
9938 991a J'ne'Oo
991a 101 14
i68 100 10314
Sale 10078 101
102 May-OS
102 1031a

101
105

McKee8<feBVl.stg68l918
Mich Cent Ist consol 68.1909

110

o
?
S5^

Miqh No

Ask Low

1061210712 10334
9914 101
991a

KaA&GR

Nov'99

10134 May'05

or

Last Sale

ior.i2iio

Ist 48 gu... 2361

Registered
2361
Lake Shore gold 3i2S....1997
1997
Registered
1928
Debenture g 4s
Det Mon & Tol Ist 7s. 1906
1st guc 58.1938
Mahon C'l RR 1st 5s. .1934
Pitts McK & Y Ist gu 68.1932
1934
2d guar 6s

J'ne'02

10834

9678

West Shore

Range

Fridav
June 16
Bid

Bange

Week's

Price

STOCK EXCHANGE
Week Ending June 16
X Y Cent & H E (Continxied)

109 109
ISO '2 13 134
126'2l26i2
114 114
121 12 12112

101
,

2445

N. T.

High No Low High.

N & M 2(1 gold

1

Bond Record— Continued— Page 3

17, 1905.]

N. T. STOCK EXCHANGE
"Week Ending Junk 16
Lonlsv

J

II6I2.
11518.

98

94
94
9334
97
11734 1177,

.

9834.

96
102

106 14
113 114
113 114

1

Jan

'0

Nov' 00

9534

Apr '04

13

J'ne'Or.

11234 j'ne'OS
1121a 113

11114

103

103
93

93%

103

MayOo

127% Oct
121
119
107

118

113 lUia
II212II334
112iall3
103 1(13
93
93 8

'02

Mar'04
Apr'04
Feb'05

106

107

llliaSop'04
106 Aug'03
101 38 Sale

F

110
102
111

Iexlstgug4i28l94llj.

IIOI2IIII4
106 106

10314 Aug'03

M

M
M

102ial04

lOlSg

103%
,

102
110

1U1% 46 10114107
Nov-97

Jan '05

110

110

,

IIII4 J'n6'05

ill" iViii

ftllSCELLANEOUS BONDS— Continiieil on Next Page
Coal and Iron
Col Fuel Co gen gold 6s.. .1919 WI-N '106
Col F' <fe 1 Co gen a t g 5s. .1943 F-A 103 14 105
1911
Convertible deb g 58
95
Trust Coctfa
71
70
Col Induslst conv 5s gu A. 1934
6912
69
1st conv 58 gu Series B.1034
Contin'talC 1st st guusg.lO.'iJ FA
ftr Kiv CoalA G Ist g6.'i.. 1919 \-o
left & Clear C & I Ist g 58.1926 J-D
2d gold 5s
1926 J-D
Kan&HC<feClst8fg5s.l951 J-J 104
Pleas Val Coal Ist g s f 58.1928 J-J
1951 J-J
Tenn Coal gen 58
93
99
Tenn Div 1st g 6s
al917 A-0
110
112%113l2
Birm Div 1st consol 68. .1917 J-J
Co 1st gu g 6s. 1922 J-D
94
Cah C
De Bar C & I Co gu g 6a. 1910 F-A 1(»5
Iron Coal <fe Co Ist g 5s. 1949 M-S
864 87 12

FA
FA
FA

'

M

V

•No price Friday;

latest bid

and asked

'PelesTnpli

IO7I2 Oct '04
105 J'ne'05
85 May '05
8712 Apr'05

105 12
90
89 'v
76 '4
661a 72 12

7()

71

102
85
84
80 08

6Sia

691a

9

J-J

Cable Co Ist g 4s. .2397
ErieT& T col tr g s f 5s..l926
MetT<fe T lstslg5s
1918
N Y & N J Tel gen g 5s. .1920
West Union col tr cur 5s. 1938

O-

Fd and

107% Dec'04
10212 J'ly '04

Mnt Un

May'97
10212 Oct '03
107 May'05
105 Oct '00
V9
99
UK
110
112 May'05

Northw

107

102

1061a 107

10

6 109 lain
11034 112

Dec '03

104% May'05
h7

this week,

931a 100

87 12
a

Dos Jan

103
86

105
931-.

Due Feb

and Telephone

Am Telep & Tel coll tr 48 1929

Comm

M-N 10'.I78
M-N 104 Hi
J-J

g 4128...I950 M-N
Tel 8 fund 68. ..1911 Yt-N
Tel guf 4i28g.. 1934 J-J

real est

Hannfacttiring

I

<fc

1951 F-A
48
Consol Tobacco 50-yrg 48.1951 F-A

Due

.May

g

97

OS's

1091a 109

'a

10514 J'iy'03

11118
10434 Sal©

106 Si
10478

May'05

llOisll'-'i*

105 -.
10434
II0I4 Mar'05
103 J'ly '04

10412107%

111

110l4ll<J'4

& Industrial

Am Cot Oil ext 4ias
1915 Q-F
Am Hide L Ist s g 68.. 1919 .\1-S
Am Sinrits Mfg 1st g68.. 1915 MS
Am Tliread 1st col tr 48. ..1919 J-J
Am Tobacco 40-yr.g68 1944 A-O
e

98 la May'05
92 Dec'04
109 Oct '99
109% May'05

J-J

Due

j

ne

h,

Due

J'ly

97
96

981

89 Sale
115 Sale
75 Is Sale
80

p Due Nov

9334 Mav'05
9334 101
97 '4
97 Hi
9534 100'-^
96 May'05
97
94
88
89
21 871a 8914
lUTg 1153b 170 IIOI4II8I4
75 14 311 71
7434
777,
80 J'ne'Ou
74
841a
s

Option

sale.

—

—

21

—Page

Bond Record— Concluded

2446
-"^
BONDS
STOCK EXCHANGE
Week Endinq JujfE 16

K. T.

BR

Penn

Tiriee

1Fe«*=«

Range

Friday
June 16

Bange or

Since

Bid

(Continued)

As/c

Snn <fe Lewis Ist g
J RR<feCangen48.1944
Pensacola <fe Atl See L cfe Nash
Peo & East .See C C C & St L
Peo & Pek Un Ist g 68.. ..1921
bl921
2d gol(14'2S
58 1921
Pete Marq— CU <fc
1920
Fliiit&PMg6s
1939
let consol goldSs
Div
Ist
58.1939
Huron
Pt
g
SagTuSife H lstgug4s.l9ol
See Penn RR
Phil B <fe
Phila & Reacling cons 78.1911
Pine Creek reg guar 6s. ..1932
Pitts Cln <fe St 1. See Penn Co
Pitts Cleve & Tol See B <fe O
& Cli See Penn Co
Pitts Ft
1922
Pitts June Ist gold 6s
2d g 5s. .al928
Erie
&
L
Pitts

UN

WM

W

M-S
Q-F
M-N
J-D
A-O
Wl-N

A-O
F-A
J-D
J-D

W

.

N

&

J-J

A-O

Y See Y Cen
Pitts McKees
Pitts Sh & L E 1st g 5S...194U A-O
1943 J-J
Ist consol gold 58
Pitts
West See B <& O
Ash 1st con 58.1927 .M-N
Pitts Y

&

Reading Co gen g 48

1997 J-J
Registered
1997 J-J
Jersey Cent coll g 48.. .1951 A O
Bensselaer <& Sar See D & B
Rich & Dan See South Ry

Meek See Southern
Rich
KioGrWest See Den & Rio Gr
<fe

Bio Gr June

Ist gu g 5s... 1939 J-D
Elo gr So 1st gold 4s
1940 J-J

Guaranteed

Boch

<fe

Pitts

See

Rome Wat

B R

1940 J-J

<fe

NY

P

cfe Og
See
Cent
Rutland 1st con g4i2S
1941
But-Canadl8tgug4s...l94i'
Tus <fe H See Pere Marq
Sag
t Jo& Gr l8l 1st g 48. ..1947
et Law<fe Adii-on Ist g 58.1996
2d gold 68
1996
8t L & Cairo See Mob <fe Ohio
St L & Iron Mount See M P
St L K C <fe N See Wabash

J-J
J-J
J-J

J-J

A-O

South w Div Ist g
Refunding g 4s

il-N

J-J
J-J
J-J

5s.. 1947

A-O

1951
5-year gold notes 4^. .190a
K C Ft S & con g 6s. .1928
K C Ft S & M Ry rol g 48 1936
K C <fe K& B Ist gu 5s. 1929
St Louis So See Illinois Cent
1st g 4s bd ctf8.1989
St L S

J-J

M

M

W

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

M-N

2d g 4s inc bond ctf8...pl989 J-J
Consol gold 48
1932 J-D
Gray'sPtTerlstgugSs 1947 J-D
8t Paul & Dul See Nor Paellic
etPaulM & Man 2d 68.. .1909 A-O
Ist consol gold 68
1933 J-J
Registered
1933 J-J
Reduced to gold 4>23.. 1933 J-J
Registered.
1933 J-J
Dakota ext gold 68
1910 M-N
Mont ext Ist gold 4s
1937 J-D
Registered
1937 J-D
EMinnlstdlvlstg58..190s A-O
Nor Div Ist gold 48
1948 A-O
Minn Union let g 68.. ..1922 J-J
Mont C let gu g 68
1937 J-J
Registereu
1937 J-J
Ist guar gold 58
1937 J-J
Will cfe S F 1st gold 5s.. 193s J-D
St P ifc Nor Pac See Nor Pac

StP&S'xCity SeeCStPM&u

LakeC

Salt

SFePres* Phl8tg58...194'^
A & A P Se« So Pac Co
F & N P let sink f g 58.191y
Sav F & West See All Coast L
Scioto Val & N E See Nor & W

A-O

11434

,

12318 I2318

C&

.

,

'•i

.

f-

W

W

.

M

W

W

,

"

Jan

102

96^6 Sale

96'8

9

921a

93

92I4

101

1011

'03

97

MBy'05

102
94

W

50

J

102 "a.

'g

92',

34

.Muy'o;
Feb '05

I4

101 'a
101^4 101-V
99 I4 Mar'03
'4
87 Tg Sale
88
87
1083, 109 S. 108 'b Mar'Oo
103 Sep '04
1121-.; 115
Ill
Feb'O.".
107 -a....
107 't. J'ne'05
10334 ....
107 '4 Feb '05
103 J'ly '04
112
112->, J'uu'OO
111
113 Dec '04
100 14 J'lio'O")
127 'a Feb '02

& North See Un Pacitic
& Black B See N Y Cent

Vandalla consol g 48
1956
Registered
1955
Val Ind <fe
See Mo P
108 108
Ver
irginia Mid See South Rv
Va & Southw't Ist gu 58.2003
abash Ist gold 5s
1939
8434 92
2d gold 5s
102
1939
10434
Debenture
series
1939
A
95
98»8
Series B
1939
109 109
Ist lien equip s fdg 5s. .1921
1st lien 50 jt: g term 48.1954
109 la 109 iv
Det& Ch Ext Istg 58. .1941
109 "a 114
DesMoin
Div Istg 4s.. 1939
110 110
Om Div l8tg3ias
1941
Tol cfe ChDlv Ist g 4s... 1941
St Chas Bridge 1st g 68. 1908
Wab Pitts Term 1st g 48.1954
2d gold 4s
1954
96 14 981-.. Warren See Del Lac & West
Wash Cent See Nor Pac
101 102
See Southern
0214 97I4 Wash O cfe
Maryland Ist g 4s... 1952
West
94
91
lOSTg IH\ WestN Ycfc Pa Istg 58.. 1937
Gen gold 3-4s
1943
1003h 104

W

.

109:>4

gold 48 int guar.. 1921 A-O
Waco&N div Ist g 6s '30 M-N

'04

87 >4 Sale
86^8
87 1q
102>ulu3'5 103
103
98 ....
95 Mar'Oo
110 ....
109 Fob '05
105 Sj....
110^....
09 la Mar'(i5
112 May'O,
110
110 Jan '05
111 "^4.
llli4May'03

/cl94;i

1033 M-N
H<feTCl8tg58intgu..l937 J-J
Consol g 68 int guar... 191 A-O

108i8lU9»8
108 109 4

112iaFeb'05
108 la Mar'05

12
108

1201a

15
4U

W

W

s7ia 90
1081b IIO'h

113^:115
107
105

«
'a

110
107

'4

'•..

iions

il'-]34

95''-jio6'^4

F-A 104
F-A
112

J-J

M-S

93
72 "a 74
102 ....

J-J

11641164

llO's 116v
11208 Jan '05

11534 118

Ill

112 112''g
96 4 98
108 111

123 Feb '02
110 Dec'04
114 Jan '05
114 "a J'ne'05
114 Hi J'ne'05

11441144

9734

116

S)

J'ly '00

100

Nov'04

122I9

121

la

1224

1014

I2OI4 12334

J'ne'05

10

9334 102

1U3„ 11138

115i4J'ne'0
111 May'04
112 Apr '05
96i<: J'ne'o5
94'-.
941a
91 's May'05
84
84 "a

1144 ll?"*
1101*112

964 984
2
•J.

98 14 May'05

UOSs

110\ "i
95I4 Jau'05

95
91
85 'a 91 '8
bOSa
83
97 4 98 4

UOSgUS
95 14

9 -^^4

33 10434 108 4
1061a 107
106i4J'ue'05
103410614
12218 I24I4 5oi Il2'78l384
13734
13734 Apr'05
"2 11636 104
102
102
102
7 124
127 4
1261a 125
119 la J'ne'05
117 4 120
,

951...

96

91

954 984

112 Dec'03
1141a Apr '02

10441044

1041a

IO74IIO
1194
1124

Mar'Oi.

116
107
90

117'^^

109 ^

Feb '05
74

89 Sg
894
a9i«J'ne'05

102

90

064

8434

1U3
92
10934 112
102
92

S8'8
98 4

86
95

1

J-D
J

S.

121
9834

May'O.

721a

97

11141124

1221s

96 11
9614
illSsApr'OO
106 "a Nov'04

9734

97

115141164

lll>8Apr'05

90

....

921a
8518 85

1144117

Mai '05

117

114

114

May'05

891a Sale
J-J *118'8

*

114 116
123I4I25
123I4I27

Feb '05

98

90»8 Sale
38 Sale

A-O
M-S
A-O

116

L14

11941224

10818 May'O

103 J'ne'OO
92 Apr'05
112 May'05
97 Nov'04
SS Apr'05
97 May' 05
09 la Mar'03
9088
91
38'4
38

J-J

100

98

11741174
954 J84

116 ^ May'05
116 May'05
120
120
114 Mar'05
124 '8 125
12634 J ne'05

110

JJ

91)4 99
118 11834

^1

II834 J'nc'05
9934 May'05
1171a Mar'05
981a Mar'05
901a Dec '04

M-N II718II73. 1174
F-A 109 1091a 109 la
J-J
J-J

11741204

120'-^

97

104 14 IO413

115

'

ii2 4
41084

Feb'04

110
97

.

J-J

1st guar 63 red

W

1144 iis"

lOsi*
108'«
109 la Feb (15
103 Oct '04

11218 J'ly'04

M

May'05

1931 M-N

109 <b Jan '05
102 14 Mar'05
1041a Dec'04
115 Mar'05
1141a Dec'04
119 Feb '04

101

WW

Utica

Apr 'On

.

'

101 1044
88
914
106 IO8I4
10918 10938
102 14 IO214

i-i

IO8I4

,

^

Jan

GUa VG&Nl8tgug58.1924 M-N
Hous E & W T l8t g 58.1933 M-N

High Ko Low High

122 Dec'04
106 Sep '04
113 Jan '01
104 12 104
S9iaJ'ne'06

,

^

Since

January 1

1291a Nov'04

.

J-J 104 »8
SA&APassl8tgug4s.l943 J-J 891a 90
100 104 "i
So P of Ar gu Istg 6s...cl909 J-J
105
1st guar g 6s
cl910 J-J
121 ..... 120 May'Of)
S P of Callst g 6s ser B.1905 A-O 100>4
1191a 123
11-234 Sale 112^4
11234
112 1141a
Istg 6s series
D...1906 A-O 103
II414II5 114
114
114 lieia
Istg 6s series E<fc F...1912 A-O Ill la
Ist gold 68
1912 A-O lllia
Ist con guar g 58
1937 M-N 113
119'^ Apr '04
Stamped
1905-.. 1937 M-N 10818 Sale
129
137 Nov'97
SPacofNMex Istg 68. .1911 J-J
1905 P-A 1021a
Tex & N O Ist 78
Sabine Div Istg 6s
1912 M-S Ill 113
Con gold 5s
1943 J-J 111 II3I4
121
120 Oct '01
Southern— Ist cong 5s
1994 J-J 1201a
1091-2.
Dec'02
Registered
1994
1121a
J-J
Mob& Ohio coll trg4s..l93.'5 M-S 9714 971a
118^2
120 Mar'05
117^2 120
Mem Div 1st g4ia-6s... 1996 J-J II834
9934
11813 121
98 J'ly '97
St Louis div 1st g 4s
1951 J-J
Ala Cen R 1st g 6s
1918 J-J 11734
9734
lie
116 May' 05
116 116
Atl & Danv 1st g 48
1948 J-J
168 lOOTglOSM
103
103 ^2 Sale 103
1948 J-J
2d 4a
96
100 Jan 'Or) '17 loO 100
Atl <fe Yad 1st g guar 4s. 1949 A-O
99'
lUQSg
100
98 la 101
Col <fc Greenv 1st 6s
1916 J-J 1161a
llOia
T
Div
.1930
E Va <$! Ga
J-J
g 5s.
125
Con 1st gold 5s
1956 M-N
E Ten reor lien g 5s
1938 M-S 113'4
126
Sale
Ga Pac Ry 1st g 6s
192 J-J
109 Mar'OJ
106>a
109 109
Knox & Ohio 1st g 68... 1925 J-J 126i-.i
75
7514 Mar'05
77
75
77
Rich & Dan con g 68
1915 J-J U7
92
89 Jan '05
89
89
Deb 08 stamped
1927 A-O 112
gsia
Bich & Meek 1st g 4s.. .1948 M-N
So Car & Ga 1st g 58. ...1919 M-N
Ill's....
10334 May'04
MVirginia Mid ser C 6s... 191
101i4Nov'01
Series D 4-5s
1921 M-S 110 ....
Series E6s
1926 M-S 114 ....
96
96 May'05
93
General 5a
96
1936 M-N 1141311514
Guar stamped
1936 M-N
96 "a
128
O&
1st cy gu 4s. .1924 FA
West N C 1st con g 68. .1914 J-J 11618.
S <fe N Ala See L <fe N
Spok Falls <fc Nor 1st g 68.1939 J-J 130
Stat Isl Ry 1st gu g 4i2S..1943 J-D
103 103 Hi 103
103
102 10434 SyraBing&NY SeeDL<feW
104i8Feb'05
103
104 104''s i'er A of St L 1st g 4138.. 1939 A-O Ill
ISO's
131 May'05
Ist con gold 5s
1894-1944 F-A 12238
1291a 132
116»8
U6h. 115 Hi
1121.^ 116
Gen refund s 1 g as
1953 J-J 101
96'2
100 \i May'05
9934 IOOI4
St L
Bge Ter gu g 6s. 1930 A-O HI
9934 102
101 Mny'05
Tex & N O See So Pac Co
101 102
88I4 92I4 Tex & Pac 1st gold 63
9038 90^4 90^4
903,
2000 J-D 1211a
93
95
96 rec'04
2d gold inc 6s
92000 Mai
124>2
124itj
124 12
La Div B L Ist g 5s
1931 J J 109
1241a I26I4
88I4 92
89 Sale
'30
P-A
8884
89
Min <fe N
1st gn 6s
Tol <fc O C 1st g 5s
1935 J-J lie's
Western Div 1st g 58.. .1935 A-O *113
•'8
98»8 Sale
9838
12 961a 101 Vi
General gold 6s
98
1935 J-D *107
85 '6 15 84
S5\ 86 Vt 86^8
Kan& 1st gug48 1990 A-O 96 961a
87^2
SCa 81
941a 9434
81
6 801a 841, Tol P &
81
Ist gold 43.. ..1917 J-J
91 14 92
Tol St L &
pr Uen g 3 138. 1925 J-J
83
60-year gold 48
1950 A-O
9634
109
108 la May'05
Tor Ham<fe Bufllstg 48.A194t' J-D
10838 111
*138
11
0=8 Sale
J-D
139 J'ne'06
136 139
Ulster* Del Ist cong 58 1928
140 May'02
1st refund g 48
1962 A.Q *105fi8 10534
106''4 Sale
•113»4....
11334 J'ne'05
111
11334 Un Pac RR & 1 gr g 43 ...1947 J-J
lieisApr'Ol
Registered
1947 J-J
i
22 i^ Sale"
la
M-N
i lo'i
110 May'05
IstUen convert 4s
IIOI3 11238
1911
I03I4
103 '4
Registered
105
1911 M-N
103 105
106 May'Ol
Ore Ry & Nav con g 48.1946 J-D ".""ioJ'^
^10314.
10434 Mar'05
Ore Short Line lstg6s.. 1922 FA 12534
10434 10434
....
Ist consol g 5s
1946 J-J U9
96 Sale
12234
124 May'06
Guar refund 4s
192 J-D
123 124
13738.
J.D
Registered
136 Jan '05
1929
135 135
13434 Dec '04
Utoh & Nor 1st 78
190« J-J 11038.
11934,
1181* Feb '05
Gold 6s
11818 1181*
1926 J-J
117 <^.
117 Jan '04
Uni N J RR <fc C Co See Pa BK
Utah Central See Bio Gr Wes

108

Cent Pac iat ret gu g 4s 1849 F-A
Registered
iy4y FA
Mort guar gold 3>a8../tl92U J-D
Gal Har & S A Ist g 68. .1910 FA
2(1 gold 78
1905 J-D

Gen

J-J
J-J

12834
ligia
103 14.

A-O

or

Last Sale

Ask Low

Bid

(Continued)

T 1st 78.1918

Ist gold 6s
1920
Ist gu g 6s
1907
Guaranteed gold 5s
1938
Ore & Cal 1st guar g 53.1927

123i8Jan'0o
101 J'ly'04
109 Apr '02

122

110

A* N W Ist gng 58.. ..1941

Pacl»tg58

Range

June 16

No of Cal

110»aSep'04

M-S

M

Registered

Southern Pac Co
Morgan's La &

Utah

Seaboard Air Line g 43 ...1950
CoUtriefundg5a
1911
Car Cent l8t con g 48...194;t
FlaCon<fe Pen l8tg58.191»
Ist land gr ext g 58... 1930
Consol gold 68
1943
Ga & Ala Ry Ist con 58 ol945
Ga Car <fe No Ist gu g 58 1929
Seauafc Koal8t58
1926
SUer Slir & So See
K <fc T
SU Sj) Oca & G See Atl Coast L
SodBay <fe So Ist g 58
1924 J-J
So Car & Ga See Southern
So Pac Co— RK 1st ref 48.1955
Coll tr g 4^28
11)05
Gold 4s (Cent Pac coU).fcl949

&

LotB High
10634 IO8I4

Range

Week's

J^ice
J-yiday

STOCK EXCHANGE
Week Ending June 16

1

lxxx

[Vol.

BOND'S

....

llOHi....

4

N. Y.

Ist g sf 68.. .1913 J-J

8
S

Mfcx

January

..

.

M

St L
Br See T RR A of St L
St L & S Fran 2d g 6s CI B 1906
1906
2d gold 68 Class C
General gold 68
1931
General gold 58
1931
St L <fe S F RR cons g 4s. .'96

High No

Low

lOe'i May'06

101

48. ..1936 J-J

oqi;

Last Sale

PhilaBal&W l8tg48..1943 M-N 108

&

6

D

A-O

90=8 y6'<»
45 's
35

19

94

8734

1194

118

9834
971-;
9634 May'O..
A-O *
96".i
27
40 Mar'ol
Income os
(il943 Nov
West No Car See South liy
112 Mny'o:
HI 112
W Va Cent cfe P Ist g 68. .1911 J-J 1121a
11414 114^4
11434 Mar'05
Wheel's cfe L E 1st g 5s. ..1926 A-O *112'all4
1144ll-i'-i
Wheel Div 1st golcl 5s.. 1928 J-J
1144 May'05
II4I4 Mar'o5
U3 114'>8
Exten cfe Imp gold 63. ..1930 F-A
95 4
93 '8 94--, 94 Is
94'.,
RR 1st consol 4s
1949 M-S
20 92
102 102
20-yoar equip s f os ...1922 J-J 102 'a
102 Jan '05

Wilkes cfe East See Erie
Wil cfe Sioux F See St P
<fe M
Wis Cent 50-yr Ist gen 48.1949 J-J

M

95

Sale

9434

95

4i

90

4 95

.UI.SCKLI.ANEOLIS BOND.S— Conchidoa.
Manuiactui-liiK &, ImliiHtrinl
Con Toljacco registered 4sl951
i)i!>tilSecCorcouv 1st g 5h.'27
Distill ot Amcr coll tr g us. 191
Int Paper Co Ist con g 68.1918
Consol ccjiiv s f g 5m
1935
lut St Piiiii|) 10-yr conv. 6m '13

Knickor

iVliscellaneous

F-A

A-O
J-J

FA
J-J
J-J

Ice (Chic) lMtg58.'2.S A-i)

Lackuw Steel 1st g 58
1923 A O
Nat8tarchMfgCol8tg68l920 M-N
Nat starch Co s f deb 68..1925 J-J
Stan Uopecfe

T l8tg6H...1946

Xucume gold 5m

1946

D 8 Leath Co Bfdeb g6»..19l;i
V H liealty I couvdcl)g5»'24
cfe

U S

steel Cc)rplo-60 yrJM.ci'o:-

ReglMturcd

Va-Car

FA

M-N
J-J
M-N

Aiirll 1 903 .M-N
Clicni col Ir 5» g..l91'.' A-O

8514 Dec'04

79 '^ 115 774 82'..
78 4
99 Sep 'o;i
109 4 110 109 4 109 4 3 108 no
94 Sale
94
95
26 93
95
106 105 4 105 4 1054
4 10234 105 4
98 4 Feb '05
98
98
105 4
1054 lO.-iis
10434 108
86
85 J'no'ii5
93
85
60 14 SnU:
60 14
60
2 59
70
614 "Sale 514
514 1 424 59 14
4
4 Moy'05
1'4
8
109 110
109 4 1094 "1 108 4 1124
101 102
1014 1014
93 103 'v
2
93 Hale
92 'h
934 1118 92
98 4
93 14
933,
9'Jl4 9734
1
"99 'a
"05
99 'b May
9938 1014
7834 Sale

I.J

Adams Kx col tr g43
1948 M-S 103 4 Sal<> 1034
Am Dk Imp 5s See Cent N J
cfe

Am SS Co of

W Vag5s....l920 M-N

FerryCol8tcon3g5s'4.s

FA

Chic Jc cfe St Yard col g 5s. 1915
DetMcfe
Idgr incomes.. 1911
Hoboken L cfe 1 gold 58. ..1910
.Mad Sq Garden Istg 58. .1919
Man Uch H cfe L gen g 48.. 1940
Newp Ne Ship cfe D D 5s (a990
N Y Dock 60-yr Ist g 4s.. 1951
Provident Lo.iii Soc 44s. 1921
St JoMiu)li Stk Yds Ist 4 4m. 1930
St L Ter (Jiipples Stnt'u ct Prop

J-J

li'kl'u

M

l"<>

iMi g 4

S Y.ibft
Si)

Val

4m 5-20 yi'ar..l91

ITrWay; Ute«i bi^ ana Mlceo. a

Due Jan

t>

Due Feo

10034 J'no'02

49

'

Apr 'or

M-N
M-N
M-N

50

Feb'O'.

J-J
f-A

9638

'.'.'.'.'.'.

9634

97

M-S
J-J

48

:iar'05

112

J'ly'04

58

4
71

'so'

94 4

9^>^4

100

98

9634

100

iofi-i!!"!

J-l)

1134J'ly'00
90'
90'8
96

US8 Red Ref
U
Kef Ist sf
8 fir)
i;6h.1931
96 Sale
Due Mar d D ueApr ADueJ'lx Duo Ang o Due Oct p Due Xor
it

494

48

10734 Nov'04

"764 74

Wat Co con g 6m.. 1923 J-J
Wat Works Isl 6s 190(1 M-S
cfe

•*• price

1

AO

1054

1U3

103 4

«

Due Deo

53
«

.M3% 97

Option

itiU*

1

.

CHICAGO STOCK EXCHANGE—Stock

GMcago Bond Record
BONDS

Price

CHICAGO STOCK EXCH'GK
Week Ending June 16
1910
Amer Strawboard I8t6s..l9ll
Ave
&
F
L)
5s.l9l2
G (St
Cass
Cliic Board ol Trade 48 ...1927
Clue Consol Br & MltCs
A.iner Biscuit

(js

Friday
June 16

P-A
J-J
J.J

J-D

Bid
Ask
106
Vj.
99
103
104

193'.t

J-J

J-D

Income Js
Side El
Metr

F-A
19:'.S J-J
19uo J-J

1st 4s
Extension g 4s
Nori.li V'.nc St 1st 5s
Ist 5s
RetlllMin:r g 4H:S

Ko

C!i;c City

193,s

94 14

943^

88
100

J-J
1931 A-O
19IHI

StRy 4WS.1927 M-N

North AVest'n El
Ogden Gas 5s

ist 4s.

.. 1

Pearsons-Xaft 5s

BB

4-40S B
4"40s Series
4-130S Series
4-80s Series

,

Feb

19'.

W

9

.VI

1

-S

1

945 .U-N

1

illi;

J-1)

1920 M-b

F-A
M-N

G

E
F

or

Last Sale

Chicago Banks and Trust Comnanies
Mange
January 1

High No. Low High Bankers National

Low

94

.

90

891.2

101 Apr'05
103 '4 Feb '05
101 May'Oo
103 Apr'04
64 Hj Apr '06

i03i4Apr'05
104
104

99 Ha 101 '4
103 »4 103 '4

104

103

"62" "66

nmislOlHa
104^4

104

Feb '04

•dS

73
79
80
106 H2
97 '4
1 00 'g
98 ^i

May'Oo

97''4

J'ne'05

16

May '05

10(;»t

97 1«

Feb '05
May'Oo

J'ue'05
87'8 J'ue'05
'4

98
96

Ma>'05
May'05

VO
94
90

'ue'05

(Chicago National
Chicago Savings
Commercial National..

Continental National..
'ook Co State Savings
I

Corn Exchauge Nat.
First National
First Nat Enjrlewood..

Foreman Bros B'k'g Co
Fort Dearborn Nat

80

68

JJov'04

Apr'04

Calumet National
Chicago City

Drexel State
Drovers Dep National

10034 Nov'04

94

Hamilton National
1064 108 14 Hibernian B'k'g Ass'n
97 '4 98'-, Home Savings
lOOSglOO'^ Atanufacturers Bank..
97
98 W .Milwaukee Ave State.
Nai Bankol Republic.
•dl\i 98 Kj
16
National Live Stock...
16
94 '4 961.2 North Side State Sav..
901-2 Oakland National
86
Peoples Trust & Sav ..
95 100
94
99 '4 Prairie National
9U

95

I'laine State...
I'ulhiian Loan <fe sav..

94

9314

95'.

South Chicago Savings

90

88

961..^

state

Bank of

ClaC;igo.

Slock Yards Savings

100
991a.
99^4

.

OutstandSurplus &
ing
Jn
j^onts
Stock
liJUi

NAAIE

Since

.

60
1913 J-J '103 104
Cliic Edison debent Gs
7il920 A-0 104
-...
1st gold 5s
97 Hi 102
Chic Auditorium 1st 58...19'i9 F-A
19'iy A-O
Cliic Dock Co 1st 4s
loo's
1905 J-J 100 ...,
Clue Eqnlt Gas 6s
Mil
Elec
....191'J
J-J
&
Ky
5s
Chic
72'.,
Chic Piieum Tool 1st 5s .al921 J-J
Chic Kock I <fc Pac KB 4s. 2002 M-N
191::! M-S
Collat Trust g 5s
CommouTvealtli Elect 5s.6194:i -M- S lot; "-2 107
97 '4
19'J8 J-D
Illinois Tunnel os
Kans City Ry <& Lt Co 5s. 1913
Knickerb'cker Ice Ist 5s.l9'J8 .A.-0
97 Hi
Lake street El 1st as
192b J-J
97>a "9«^
CliicCoiisolTrac4i2S

Week's

Kange

Record-Daily, Weekly and Yearly

99''4

J'ue'o5

99^4

ii9',

100

Apr'Oo

Apr "(to

99

99

991.2

99^4

99
loo

Hi

's,

..

Union Bank
Union Slock Yds Stale

1943 A-0
1947 -M-S
Ist os.. 1937 J-J
Ist Os.

loo's
123'4

100^4

123^4 .\pi'05
106 J'ue'05

100
100-'4

123-'4

Amer Trust &

'

:?

(.'cntral

1.2

)

'-2

II

In
1904:

2,000,000 $1,065,^162
100,000
31,067
200,000
168,801
13
8+5
1,000,000 1,423,345
15
12+3
k 500,000
fc65,3i4
"12
2,000,000 1.7i<2,123 '12"
3,000,000 1,232,536
8
8
50,000
3,072
6
6
3,000,000 3,561,208 12
12
200,000
16,274
6
6
274,'i92
600,000
8
8
8,000,000 6,113,755 1112
12
100,000
106,770 10
6+4
500,000
627,2.;7
Priv ate Ba
226,nl4
1,000,000
6
6
500,000
141,896 "'8'
8'
1,000,000 l,04H,4m
100,000
155,785
10
10
200,000
11,589
250,000
263,154
""ii'
6
952,tilO
2,000,000
6
6
1,000,000 1,302,966 15
12+3
50.000
6,034
6
50,000
49,530 "6
6
200,000
13,5 i()
New Bank
250,000
59,596
"1138
250,000
73,721 "8
300,000
170,613
8
8
200,000
31,SV5
5
1,000,000
609,543
6
250,000
104,615
200,000
23,501 Began Mayl,
200,000
19,029 New Bank

Savgs.
,000,000
Trust Co i.£ 111 2,000,000
VOO.IIOO
1051-2 io7-''„ Ciiizeu.s' Tr & Sav Bk.
lOti
200,000
107 "a 108 '4 107:>4
108
11 107<4 108''« Colonial Trust & Sav..
Chic GasLt&C
107
lliU
106
'.2
J-D
107
May'05
Drovers
Trust
200,000
<fc Sav..
Consumers' Gas Ist 5s..l9;ib
Equitable Trust Co
L03 J'ne'Oo
lO-J'i 104v
500,000
19j J-J 102^', ..
South Side Elev 4 ^-js
1021.2 103'i. Federal Trust cfc Sav..
103
103
2,000,000
1914 J-J 102^4 103
Switt & Co 1st g OS
106 '4 May'us
105 107
Kirsl Trust & Saviugsj 1,000,000
1945 A-O 100
Union El (Loop) 5s
114 Nov'04
Illinois Trust cfc Sav.. 4,000,000
1911 iW-X
Union Pacitic conv 4s
81
J'ly'04
Jackson
Trust & Sav..
250,000
1911:
M-S
U S Brewing os
Kenwood Tr<fc Savings
200,000
88 Nov'04
cl9(!3 M-N
U S Steel Corp 2d 5s
.Merchants' L'ii<fcTr(Jo! 3,000,000
94
94 J'ue'Oo
94 100
1928 M-N
West Chic St 1st 5s
Metropolitan Tr <fc Sav
70 May'04
750,000
19(ii' F-A
70
90
Tunnel 1st os
80" "90" Northern Trust Co Bk 1,000,000
90 Peb'05
1914 J-D
90
Debent 6s
193IJ M-N
SO J'ue'05
500,000
85
Consol g OS
79 Hz 90'^ Royal Trust Co
9(1
MayOo
Union Trust Co
90
90
97
1,000,000
West Div City Ry 4 1-28..193-.' J-J
100 Jau '04
Western Trust* Sav. 1,000,000
West'rn Stone Co 5-20 58.1909 A-O
WoiidliiWJi TrtfeSav Bk
200,000
Note.— Accrued interest mus t be idded to all Chicago bo ud price 8.
'9
t icoi tvs sp.ici;il ilivideui oC
A ISO paid 1.! -2'(j lu Ujc, 1.(0 4, in Steele .it First I'nut J6 Sn-iu\;s H uiK,
* Bid and asked prices; no s.iles W'^ro inido on this d:vy.
t No prici> Frid;iy latest price this week,
6 Due June, c Due April.
A. Due July.
fc Capital an d surplus to be increased
a Due Dec. 31.

Gas L& C
Kefunding g 5s

Peoi>le\s

Dividend Record

M

1,969,687
916,361

101,477
60,300
450,000
.Mergi-d wi
698,075
5,94s,405

6

7

1

4

New b ank. ..

Period

Last Paid

%

Q-J Apr

'05,

J-J Jan
Q-J Apr

'05, 4
'05, 3

Q-J Apr

'05
'05
'05
'05
'05 ,
'05
'05
'05

Apr
f.l
Q-J
Q-J
Q-J
Q-J
J-J

Jan
-•Vpr

Apr
.A.pr

Apr
Jau

.

,

2
3
3
1H«
2
3
3

Q-J Apr

'05, I'll

J-J Jan
J-J Jan

'05, 4
'05, 5

Q-F May
J-J Jan

'05, 3

Q-J

'05,

n

.A.pr

Apr
Jan
J-J Jau
.J-J

Apr

Q-J Apr

Jan
Q-J Apr

'(t5,

1

1^

'05, 3
'05, 3
'05, 3

'05,
'05,
'Oo,
'05,

2
2
i

IHj

191

Q-J Apr
Q-J Apr

'05, %
'05, 1

Mar

'05, II4
'05, Ihi
'05, 4

Sav.

Bank

5

Q-J Apr

8

8

.M-S

QJ

hAm. Trust &
12+4

,

3

nk

5
6

"ie

,

2

.\pr

Q-J Apr

'05, 3

Hl,2!ll

12,988 Began Jan's, 190
3,617,53.'
12
12
Apr
257,748
6
Jan
6
1,684,022
8
8
Apr
447,335
F-A Feb
6
6
577,970
194,747
Q-J Apr
6
6
20,000 Began .Mayl, 190 5.
leularoil

Aug.

10, 1901.

'05,
'05,
'05,
'05,

3
3
2
3

'05, IHi

3
5

BOSTON STOCK EXOHAN&E-Stock
Share Prices—Not Per Centum Prices

Monday

Saturday
June 10
8034

June J 3
Si's

8034

25434 25434

*156
*241

157
....

SIV;

103>«103i«
255 255
157 157'4

*102^102'h

....

'241

175

178

175

29

'307
•C8

*28

29
77
168

*

125

77'<2

77^i

le^a

17

59*

*20i4

•20I4 2114
19938 200

1712

59
2II4

200

200
'207

•207
*

"79*

*50
*15

99
79
60
53

•98
123

124'f
*96i2 97»i

•97^4

97'.,

IIOI2II6H.

*76
92

92

le-a

17

58

59

*1934

^934

200

199

99

9934

993,

80
60

79

79
60

98

123=8 124'8
9712

*90'.j

FYtdav
June 16

*98

or

98^4

12234 124 '8

*96i2 97 li

9713 a7'a *97
9712
'II6I2...
lie's

2314

*BS^ 89

89
*i

*4

5

5

13358

135'^,

i34i^ 1341.,

135
140

135

*32i<:

33
102 14

135 135
140 14034
32 14 32 't
1021-^ 102 1^

140Hi

102

4h

*

-ZO^
6

245
•I72I2I75
•43 14....
83^8 83 't
190 190
•

*li4

IS?

I38I4

*137
'Ihfl

*13
232

232

*9
934
10812108'^
•

26
*2>2

11912
201a 20 ii

41a

534

-43I4

84

84

139

86
31 \

k

20=i

•534

6

" 245
176

170

84
190

84
190

23
26
3
10734

86
32

Ik

107

23k
•89 k 90 k

'13334 13434

13434 135

82
103
255
156

Do

k

20k

2134
6

V

Mw

2218

•5\

6

•534

6

245 245
245 245
245
'175k 177k •175kl77k •ITSk
43
43 k
44
43 k 43 k
84
84
84
84
84
'188 k 190
188 188 187

245

•534

II4

II4

II4

•139

109
23

238

•25 k

86
32

86

123.

1234

32

238

*

•9
934
*9
IO8I2 109
•108

23

3
10734

*2k 3
107 k 107 k
85 k 86
3lia
12=8

II4

140

Last Sale
Last Sale

•13
934

»-50

271-4

9438 9536

50

•60

•15

1734

*9>i

•81
•92

83
98

Si

-60
173^

n5

99 k

*98

841a

•al
*92

84I2
•92
334

22=8
8018

•9

«9

»

4

22 7^
813^

SO

II2

3134
12=8

I312

211a
78=8

*1

934
lOtt

Last Sale
*25k
Last Sale
107 107
851a 85k
31k 31 78

2834
'55

'•50

8

8

610

610

18

IS

-0

7

17
•6

•49

•49

•49

*-50

8

605

610

•45

691a 69
12'a 13
•73

•2
•8

•50
'4

•5
19 Hi

50fc

24
8

••75

•85

12 "a 1234
50 >4 60S

•3
••75
•90
24I4 24

9z

'4

•2'j'a

92
23 >.^

•liio

1',

•98

'1%
•134
7Si

•105
•2

100
134

2

110
"a

8

3

•29

8
24 «|
30

*lei«

1(11.,

24^
44

'4

3'4
•U"!!

109
•II4

•2
"8

44:<4

3*4

10

109
l"-.

7
•SO

76

/k

534

21

19'...

8

1812

69109
*12i2 13
751.^

2H.

5*8
2334

IS-a
-6

8k
6

•4912 50 k
•3
3 Is

••75
24

•80
'a

9012

22

25 k
90 k
23 k

Ihe Hie
9b
*1»8
*lia
7»8

107
•214

"754"
2334

29
•10

98

3't.

10
*108
!•»

3i»

10
109 k
114

-55
8's

k

17=8
7
•49

68
1234

76k

8
6

50

50 k

3

3
•90
2434

••75

24 14
91 k 91 s
2 1 '8 22 14
«1

95

105
*2ia

"b'
10 k

28 k

761a

•24

444 44\

79 14

1234

•134
718

24",
29'-

7y=H

68

2

3

79 Is

13

•lia

107

7934

6834

134
7'-'.

^334

2238

13
28 k

lib

08
2
7

k

107

•2

8
•434

•734

•75
•1214
4912
*3

•90

k
49 k
12

70

3I4
•70

25
*91
22

25
92
22 k

•1
•96
I'a
•134
718

105

I't

100

8

8

4i3i« 413,,,
1914 19^4
•734
8

LastSale
i2k
4934
•3

•95

2
73b

I's

44

10 14
109

3

24 k
29
lOie

44 k
3

*9k 10
108
*1'8

108 k
1-V

49

3

--o

'4

91 la 01 k
22 k

•2134
•1

•Ik

3

12 k

•75 •90
2412 25 k

718

106

lih

98
134
I'f
7I4

110

Last Sale
Last Sale
734

44
3

13h

LastSale

1"«

105

Dominion
East Boston Land

177k General

M

.Feb '05 Amer Gold Dredging
May'Oo Am Zinc Lead & Sm.
May'05 ;\.naconda
J'ue'05 Arcadian
•60
Arnold

7-34

24 1* 24',
28''„
28
10
10
44I4 44 k
3
3
•9I2 10 14

109
>1'8

•00
Cons Mercur Gold...
'06 Continental ZiDC

Jan

109
l-\

5

1234

llletotopay'lolaijBeB»'l8CaUedlui905. tilioforopay'torassoas'tacallea in 1901. •iiidandaskeih

6

Marl3
Feb 20

98 'b J an 5 117 k Apr

38 k Apr
91 Mayi:2 10478 Apr! b
•67
•40
MaroO
k Jan 20
17kMayl7 2-.:kFeb 6
97 k Jan 24 104 Feb «
84 Mayl i 92 Mar 9
99 Mar20
91 May

247gMay22

1

234

May25

18
70

Apr.i4
Jan 25

9

May 3
May 31
May 2

251-4

1

200 45 J'nel6
695 12i2.vl»y2;;
840 28'- May 2 2
575 50 May 6
1,400

86

534 Jan 26
iOl
J'ne 7

10

Marlb

"770

16'''8Mar22
6 Mar 14
Mar24
i",506 •30
12 Jan 3

68 k Copper Range Con ColOO 1,984
354
Ualy-West
20
754
77
Dominion Coal
100
11?
May'O.")
Do pref
100
J'ne'u5 Elm River
12
'8
240
26
8 k b'ranklin
534
534 Grauby Consolidated. 10 2,855
22I4
22 k Greene Consolidated. 10 38,409
434
200
434 Guanajuato Consol..
5
19
19
Isle Royale (Copper). 25 1,950
900
7^8
778 Mass Consol
25
75
J ue'Oj Mayllower
25
12-8 Michigan
12 k
26 1,820
b90
49 k
49 k Mohawk
25
3I4 M ontaua Coal <fc Coke 25
*3
100
'75
•90
13
old Colony
25
•24 k
25 k Uld Dominion
25 1,485
217
91
91
Osceola
25
2134
730
22
i^arrott(SilVtfc Copp) 10
•1
350
25
"I'f Phojuix Consol
411
97
97 (.iuiucy
26
1''8 Hhoile Island
138
170
25
60
I'b Santa Ee(Gold & Cop) 10
r«
Shannon
7
10 1,134
•105
110
Tamarack
16
25
J'ue'O I'ecuiusoh
3
25
i2->»
Mui'Oo I'euuessee
25
7-14 Trinity
950
T\
25
241.. United Copper
24
100 1,570
28 '4
3,110
UmtedStates
29
Mining 26
•10
195
10 k Unit States Coal cSiOii 25
44
44 =« U tab Coa (»olf})
6 2,'J98
3I4
3=4
346
Victoria
25
110
•Ok
10 k Wiuona
25
109
154
109 Wolverine
25
•1
100
13, Wyandot
25
68

93

26 May
13014 May23 149
Mar 2
132 M'»»22 14018 Mar 7
148
137 May23
Jan 4
21 Jan 23 40=8 .^pr 18
92i4Jan 3 109 Mar31
314 Marl3
434 J'ne 9
119 Mar25 124 Jan 6
17 Jan 24 2479 Mario

5

25

29i8Aprl5

12i2Apr
Jan
3k Feb

71

24I2DCO

Deo

87
638

Nov

Feb 27 k Sep
122% Feb 152 14 Nov
122 k Jan 141 Nov
17

119i4Feb 149 14 Nov

Feb

9

21 la Nov

9434 Deo
4 Sep
3 Nov
112 k Jan 12234 Dec
7
Nov
1934
J'ne
2,781
'4
534 May 1
734 Jan 10
10
7 la Dec
5 k Jan
80 245 May26 257 Apr 6 230 Feb 265 Aug
90 169i8Mav2'.i 191 Jan 17 al51 J'ne 194 Nov
2,199 38I4 Jan 6 4534 May 12 iio Dec 44 14 Aug
1,829 SOI4 Janlo 88i4Mayl2 7734 Mai 3434 Oct
29 n88 J'nelo 206 Apr 29 173 J 'nt 200 Nov
Feb 6
2
234 Nov
1
900
Jan 4
life Apr
34 134 Feb 17 140i4Apr27 118 Feb L41 Nov
234 Jan 9
Feb 24
1
kOct
4 Jan
10 Jan 6 17 Jan 10
8 Get
17 J'ly
46 230 May23 25212 Feb28 208 Mar 243 Nov
8 k Jan 1'.: 10 14 Feb 2
9 Nov
10
Oka Jan
Oct
.XV,
164 105 Feb^4 114 Jan 5 xdb\ Mar 116
23 Jan 18 23 Jan 18 22 Dec 22i2J'iy
16 25 May23 261^ Jan 16 24 k Oct 26 Nov
4 Jan 6
Oct
2 k May25
2
Jan
5
676 103 Apr 29 115 Feb 20 95 Feb 113 J'ue
61i2Dtc
451-4
6I34
Jan
Feb
3
95kFebl7
069
666 30i4May 8 39kPebl6 28 Jan 32 Oct
6 k Ma) 20 Is Dec
3,600 1134 J'ne 8 14 k Jan 16
100 k Jan 10 10878 Apr
77 Jan 103 Dec
4434
3473 Jan 4
1034 Feb 34 Nov
Apr

467

4 Adventure Con
25 1,200
22 k AUouez
25 1,818
79=8 AmalgamaTed CopperlOO 19,791

75

53,

IOI4

•1'8

12 k

77

22^8

43^8
•3

109

08'4

534

2414
2834
lU'a

'4

12 k

21k

25

>»

08 14

75

534

73,

•10

50

22 k
5
19
8

24
29
10 k

23^8
2«3^

•50

534

*2l2

3

•49

Last Sale 25 k

2138

18

1,300

10
& Tel 100 '66
Iron & St

25
25
25
•45
50
40
25
IS^ 131.,
13
13 Atlantic
2D
*2S'4 29
29
Bingham Con Min&S 60
28 k
•60
•55
•55
55
Bonanza (Dev Co)... 10
8l8
8i«
BostouConC&G (rct8)£l
615
U5
620
630 Calumet & Hecla
25
LastSale 15
Apr'05 Catali}a (Silver)
10
17k IS
17 k
25
17 k Centennial
Last S'ait 6-34
May'05 Central Oil
25

Last Sale
2k
8l8

946
297
921

19i2Jan25
Jan 3
4i4Aprl3
20 Jan 17
86

iVIiuing

4

22 k

76

534

84
98

•3=8

13
76

2034 21 »8
•434
514
•434
514
19 12 19 k
I8I4 18->4
8
712
734
•75 •90
••75
•85
1234 123^
12 12 1234

•81
•92
2218

010k615

24

Last Salt
Last Salt
*98

14

-60

8

2k

Hi\

4k

22

68

•2
8

94 14

•1

2«k

;<9

7
-oU

Ik

2734

Last Sale 11
10
Last Sale y
Last Sale ^514
Ik Last Sale 2

*-50
13

•55

1>53.

*3=8

13-it

8

18-'4

3034

-60

29

•6

•eo
1734

2734

221.

700
202
10

Edison Elec Illiun...lOO
Electric
100
45 14 Mass'chusettsGasCoslOO
8478
X>o pref
100
187 14 Mergentlialer Lino. .100
-II4
Ik exican Telephone.. 10
*1»9
140 N E Telephone
100
May'Oo PlantCom t'st stk comlOO
15
Mar'05
Do pret...o
100
238 Pullman Co
100
934
934 Reece Button.Hole.. 10
108 la 109 Swift & Co
100
23
Jan '05 Torrington Class A.. 25
25 k
Do pref
25
12" May'05 Union Cop L'd & Mg. 25
100
1071a 107', United Eruit
86
87
United Shoe Maoh... 25
31=8
pref
Do
25
317i,
1314
1314 U S Leather
100
iOSTg Apr'05
Do pref
100
May'Oo U S Rubber
39 14
100
2(^4 k J'no'05
Do pref
100
2734
-zl-^,
100 9,84M
U S Steel Corp
9433
943j,
Do pref
100 5,257
50
J'ne'05 West End Land
25
2712
May'O West Telep & Teieg.lOO
16
98
100
Do pref
25
Westing El cfe Mfg.. . 50
20
Do pref
50

22
79

13=i8

••50

605

•50

10

•50
-50
as,
s^t

605

84
98

4k

•60

•I3I4

27 k 28
941a 94k
'98
84 14 84 14
92 13 92 k

22k

2yi4

29

-60
1734

*3k

10

•1

l^i
-60
13=8 13=t

98

2838

93 '8 05 k

99

3k

10

27%

-15

2234
22
bO^a 81\

312

28 14

Land
119k Cumberl Telep

J ue'05 Boston

221,

Last Sale
Last Hale
Last Salt
27
28
93^8 94

Highest

pref

23
90

21^8

238

238

23
89 k

139 k 140
32 k 33
102 k 103
4 k Last Sale 4'i
ii'g"' 119 k •119
119k •119

'139
140
*lli8

1381a 139

•2 51^
*2l2

Lotcest

Uailroads
Atch Top & Santa FelOO 1,333

Amer Agricul Chem.lOO
100
Do pref
•438
•4^8
5
5
Amer Pneu Serv
50J
Last Sale 22
J'ne'05
Do pref
50
134 k 134 k 134k 134k Amer Sugar Retin
100
135 135k 135
135
Do pref
100
140k 14034 140 k 14034 Amer Telep & Teleg.lOO
32 12
323, Amer Woolen
32 k 321a
100
103 10334 102 '8 102 78
100
Do pref
•2238

24

2012

IOSI2 109

934

107

5

4

niio

"212

•438

119 k 119 k

•13
235
*9
109

"26"

4V,*

102 k

•Hie

*13
232
*9

22 '8
90

3234

•114

•IVj

138

2278
90-

*43i4

I88I2 190

3
a-z

6

245
17434 175 k.

23 k
91

i34'" 134
1351a 135k
1391a 140

32
102

Highest

Lowest

Sharef.

7778May20 9338 Mar 9 64 Mai 8914N0T
100
28 99k Jan 25 104 Is Mar 9 88 Jan 104 14 Nov
Boston & Albany
48 254 Jan 3 261 Apr 4 23934 J'ne 254 Deo
100
Boston Elevated
100
204 2!l54 Jan 25 158 k Apr 28 xl37 Fob 1561s Deo
241
248 Boston <fe Lo-well
241 241 241
100
4 x2il May2<:; 249
Mario 230
242 k Nov
•175 178
•175
'175
178 Boston & Maine
100
79 «172 J'ne 2 185kMarl4 158 Aug 175i2Dec
May'05
Last Sale 17-JDo pref
100
171 Jan 6 175 Apr 8 166 Apr 174 Oct
*307
Last Sale 309
J'ne'05 Boston & Pro'videncelOO
305 Jan 18 310 Apr 25 295 Feb 303 la Dec
2934
293. Boston&Wor Elec Co.
29
29 '4 •29 14 29 k
it;o 13kJanl7 35
Mar22
773.
77
77
77
285 63 k Jan 17 82kADrl3
77 k 77 k
Do pref
Last Hale 169
J'ne'05 Chic June Ry & XJ S Y 1 00
168
150 Jan 13 182 Mario 136 J'ne 154 Oct
*125
J'ne'us
Last Sale 1^5
124 Jan 9 132 Feb 8 riir,i2J'ne 127 Dec
Do pref
100
*I87ii2
Last Sale 187^ May'05 Con& MontCla8.s4..100
186 Jan 4 I8934 Mar25 180 J'ne 186 Nov
Last Sale 165^ Apt '05 Conn & Pass Eiv pref 100
160 k Jan 19 165k Aprl7 160 Apr 162i«Jan
Last Sale 295
285 Jan 12 295 Feb 7 276 Jan 285 J'ne
Mar'05 Connecticut River. ..100
•144
1441414414 •144 ....
20 142 Jan 3 148 Maris 133 J'ne 142 Nov
FitchOtirg pref
100
•79
*76
*79 ....
50 59 k Jan 7 6 76 Mari4 24 14 Jan 57 Dec
Ga Ry& Electric
100
•92
*92
92 ....
3U 86 Jan 4 92 Mar24 73 Jan 88 Dec
Do pref
100
47 175 Jan 24 185i2J'nelo 170 J'ne 175 Apr
Maine Central
100
19 14
IMI4 Mass Electric Cos
1712 18'.^
20
19
100 1,240 13i2Febl] 23 Apr 3 lli4Sep 24 Jan
61
59
61
61 k
Do pref
100 1,214 55i4i?ebll 70i8Mar30 52 14 Oct 801-4 Jan
601a
61k
14
•2Ui2 21'^ Last Sale 2934
1934 May 1 26 ka Marl 4
Mav'05 Mexican Central
100
5 Apr 2314N0V
19912 200 a;l97i2, 198
44; 195 14 May 23 211 Aprl7 185 k May 199 Oct
197 k! 197 k N Y N H & Hart. ...100
Last Half 26734 May'05 Northern N
165 Jan 19 16734May26 159 Aug 163 k Apr
100
•^32
Jan 24 233 May23 222 Jan 232 Apr
Last Sale JS3
May'05 Norwich <fc Wor pref 100
'207
205
Last Sale ^61714 J'ne'05 Old Colony
100
k Jan 6 212 Apr 26 198 J'ne 207 Apr
*.
.100
100 79 Jan 9 102 Feb 14 74 J'ly 80i2Feb
100 •100
Fere Marquette
100
79^8
79 14 79 14
791*
665 78 Jan 4 87 Feb 6 68 Mar 79 k Nov
79
79
Do pref...,
100
^
50 Apr 13 72 Jan 19 29 Aug 73i4Deo
6U
Last Sale 58
May'05 Rutland pref
100
*15
15 Jan 13 17 Mar20
Last Sale
Mar'05 Savannah Elec com. .100
50 Jan 5 5578 Apr 18 40 Jan 42 Feb
Last Sale
53
Apr '05 Seattle Electric
100
•98
98
5 93 k Jan 9 100i4Feb25
98 k •98
98 k
87 \ May 95 k J'ly
Do pref
100
9«k
122 k 12338 122=8 1231*
100 5,155 113 Jan 6 137 Is Feb 25 7138 Mar 1167gNov
97"'" Union Pacific
97I2
*96i2
10 96 May23 101=8 Feb20 86i4Mar 97i4Deo
97
Do pref
•96k 97 k
100
2 172 Jan 18 175 Mar 2 160 May 173 Nov
Vermont <fe Mass
100
1731a 173k
97 12 971..
9738 98
93 Jan 3 99 Mar21 89 Jan OSklJi-'c
98
177
West
End
St
50
981s
II6I2 117
116kll6i2 •11634 117
12 112 Jan 3 117i8Apr28 108 Jan 114 Dec
Do pref
50
Last Sale M^i Mar'06 Wisconsin Central. ..100
16 >4 J'ly 17 k Feb
211s Jan 27 25 Feb 23
Last Saoe 43^ Dec'04
37 k J'ly 43i2l.leO
Do pref
100
146 Mar20 147 Mar28 143 Dec 146 k Deo
Last Sale 147
Apr '05 WoicNash& Roch..lOO

24

245

23
26

107
86

107
86
32

90

4ia

119'2ll9l2
•1934
6

22I2

24

24

*

23 14
91

lor Previoui
Year (1904)

Week

EXCHANGE

lUiscellaiieous

*22»i 23V!

Ranqe

lor Year

1905

the

n

53

53
98

Thursday
June 15

Mange

Sa les

BOSTON STOCK

H

*15

'

98 H

'144

207

*w
50
*15

•

29
77
168

*75'2

*125
*187i2

143 >2 144
75
75
*91

•143
•75
*91

*16
*59

175

168
'125
'I8712

•187'2

STOCK.S

81 ^8 82
8IH2 817e
81k 82 % 81 14
102^2 10278 102^410234 IO214 10234 •102 k
*255ia
255
255 255
255 255
156 15634 157 157 •15614 157
i.'-.e

'241
'307

*307
*28
«76

Wednesday
June 14

Tuesday
June 13

Weekly and Yearly

Record, Daily,

Jan 25

64

llkMar3o

08 k Jan

40 k Jan
838
5 lis

50

23

Mar

k Nov

101

i.(:C

7534 J'ne

93
100

Deo
Jan

6 k J'ne

76
1:90 Is

Aug

7^8 Nov
75 Aug
Feb 23 do^lQ Mai t21 Nov
89=8 Apr 14 43 Feb 8234 Deo
1
Mar
75 Mai
12''8Jan 5
8 Feb 14 Oct
31 Is Apr 12 1638 Feb 2934 ^uv
2
3 JNov
Jan 13 25 Feb
Ik j;elj2o •20 J'ly
Ik Nov
I&34 ,vlari;i
7 Feb 221.1 .\ov
3578 Apr 17
Mai
38^4
Nov
19
85 Mario •39 May 13iu i\ov
834 May 19
7'8Nov
6 Oct
a9>->
Feb 20 435 Jan 700 Nov
15 Mar 1 05 Apr •25 Nov
26 Jan 4 tiUkFeb t3234 Nov
10 IVlay
678 J'ly
^8 k Jan lb
75 Maylu 20 J'ly •75 Jau
1534 Jan 20
Oct
7 k Apr 14
83 Mar 14 38 Feb 74 k Nov
18 k Feb 15
1034 Aug 36
Jau
86-'4 Mar3i
40 J'ne 72 Jau

(8
24

Jan 11

2!li

li.-

t)

9i4Apr 6

1134

Mar 4
May 19
2
9kMay22

45

39

••'b

Jan

May

6
2

6

Jan 13

15

k Feb 21

105 Jan 4 120 Feb 16
2 7e Feb 21
liHJ'ncl2

JNowatook. tAsa'tpaiO.

Dec

95i3DeC
Apr •75 Jan

Ma)

Janlo
Janlo 117 JVlar25 103 J'ly
134 J'ne
2
May2u 3i4Janl3
12 k Jan 16
J'ne
7
Apr
8
6 k Mai
2-^8 Mar
5 Jan 4
20 Oct
2034 J'nel3 30 '4 Apr 10
7 14 Apr 18
6 2 la Feb
3 Jan 4
17i2Mtty23 28-'4 Janl7
6 k May
6 Muy2ti 13kMarl3 d 3 Feb
75 Mar.'9 Ik Jan 12 •45 J'ly
I034 Marl 3
lOis J an
3 k J'lif
48 May 1 56 k Mar 9 34 Is Feb
5
214 Jan
Apr
12
'4
Janlo
3
75 .May29 Ik Jan 18 50 J'ut
UI4 Feb
23 '4 May 1 28 k Jan 3
88 Feb 9 103 Marl4 53 Feb
30
Feb
2034
lu
k Apr
22 J'ncl2
3 '4 Jan 14 1^50 Aug
1
Mtiy22
80 l''eb
95 May 4 118 Jaui;
k Feb 21 •60 Ma)
l'4May 1
3
18
Jan
lis J'ne
Ik-May 8
9 Jan 3
3 k Auf:
6»8F*il'
101 May23 140 Marl 4 85 May
3 '8 Marl
25 J'ue
2 Feb 6
29 Feb 2; 35 Janlo 31 Nov
13=8
Feb
1
334 Mai
Jan
26
738
.Mai
9 MurlO 28 Aprl8
21 Jan 2:, 33 'b Apr 1
18 Jan

60
113

99kDec

May 33

4

SHj

30
2

6

69

50

Nov
Nov

116
4
15

kNov

6II10N0V
34 k Deo
5
3514

DeO

2
11

Nov

Nov

k Deo

67 k
634

Nov
Aug

2i4iSov
29 '4 Deo
98 Nov
3 d k N oV
)5 Nov
125 Nov

Nov
3
3 k Nov
1034 >Iov

140

.Nov

414

Nov

43 Deo
18 k Nov
'4

6

i\l;ir

28'>4

Deo

Jan

1234 iMov

Jau

Not
638 Nov
1338 Nov
110 Nor
t3 Mot

Is J 'lie

Feb
Jan
Feb

47

Ex-nghts. oEx-div.<fc rights.

5

June

17

„

I9«»5.|

June 16

Improvement

99^8 100
96 's Sale

M-S
A-O
Nov
M-S
1924 M-S

48....

1918
1918
Non-exempt 6s
1910
Sinking fund 4s
1917
Butte A Boston 1st Cs
Cedar Bap <fc Mo R 1st 7s. 1916
.1909
2d 7s
.
Cent Vermt"ist'g4s!!Mayl920
Chic Burl & Q extend 4s. 1905
1919
Iowa Div 1st 58
1919
lowaDiv 1st 4s
1913
Debenture 5s
1922
Denver Exten 4s
1927
Nebraska Exten 4s
1921
Bcfc SW8148
1949
lUinoisDivS^s
Joint bonds See Gt Northern
Chic Jc Ry <fe Stk Yds 68 .1915
CoU trust relunding g 481940
Ch Mil <fe St P Dub D 68.. 1920
Ch M & St P Wis V div 6sl920
Chic & No Mich 1st gu 53.1931
Chic &
Mich gen 68.. ..1921
Concord & Mont cons 48.. 1920
Conn & Pass R Ist g 4s. ..1943
1927
Current River 1st 5s

W

May '05

J-D

11134

87

87
loo
109

AG
A-O
M-N

101
ibo'-i

J-J

9534

Sep '04
May'05

lOl^s Apr '05
105 J'ue'04
100 1.2 Maj'Oo
10614 Dec '02
99»8 Apr '05
96I4 J'ne'U5

.

FA

Dec '04

10234 Feb '05
9934 Mar'(i5
100 J'ne'Ol
129 J'n6'05
11134 J'ne'Oo

A-0
M-N 129S8

M-N
M-S

<J6l4

loe^aio? 107 "4 May'05
1001*
100 100 >> 100
126 12 Mar'05
126
12534
126 Feb'05
108 Mar'05
10834 109
log's 1091s
109i4Mar'02
112i4Jan'03
102i2Apr'05
102
97 100
98
98
1091a Mar'05

J-J

A-O
J-J
J.J

M-N
J-D

MS

1915
1927 M-S
Fremt Elk <fe Mo V 1st 68. 1933 A-O
1933 A-O
Unstamped 1st 6s
fttNor CB<feQcoUtr4sl921 J-J
1921 Q-Jj
"Registered4s
4s

10258 Sale

102 o&

103 Is

103

10534

10534 May'05
140»8 Apr'05

140
140

.

Note— Buyer pays accrued

10234

9534

1121-!

112S8.

J-D
A-O
A-O
DetGr Rap&W Ist 48.. .1946 A-O
1913 M-S
Dominion Coal 1st 6s
1906 M-S
Eastern 1st gold 6s
FitcUbnrg 48

102>2

99^8 Jan '02
101 Mar' 03
1121a Jan '03

F-A
J-J
J-J
J-J

3128. 1947

Mar'05

Is

10268

Apr '05
Apr'05

140
10034

101

ig

May'05

101

42

Monday

Saturday
June 16

June

— Not

Wednesday
June li

Range or

Ask

Bid

Lovj

Since

January 1

03 Cr

High yo Low High

Illinois Steel

lOliglOlia
100 1021a

100

101

10741081a

.

1224125^
974 98I9

CM

9434
93
103 106
104ial06i»

M

>.)

102141 02 i-j
70»8l(77

25

25

94

98

.

10334 10334

.

'

No price

Friday

Exchanges— Stock Record,

Per Centiitn Prices

Tuesday
June 13

I'i

9934 IOOI4
94
97»8

interest in addition to the purcliase price for all Boston Bonds.

i'rices

Week's
Last Sale

. .

Philadelphia and Baltimore Stock
Share

Ranpe

Price

Friday
June 16

deben 5s
1910 J-J 100
10 14 May 05
Non-convert deben 5s. .. 1913 A-O 100 Sale 100
100
108 108
la Falls & Sioux C 1st 7s. .1917 A-O
12SiaJ'ne'04
102 110412 Kan C Clin & Spr Ist 58. 1925 A-O 100 la....
100=8 J'ne'05
94I4 9738 Kan C Ft S & Gulf 1st 78. 1908 J-D 107=8 --.
10734
10734
Kan C Ft Scott & M 68.. -.1928 M-N 123 I23I2 123
123
98I4
& B gen 4s
1934 M-S
98i4May'06
Kan
93 'a 941.J 93 4 May'05
Assented income 5s
1934 M-S
Kan C & Ry <fe Br 1st 5sl929 A-O 1033j 105 104 May'05
KanCStJo<feCB 1st 78.. 1907 J-J 104 Hi Sale 104 4 104
LR<fe.FtSmldgrlst78...1905 J-J
100'«Nov'04
Maine Cent cons 1st 7s... 1912 A-O
1204 Sep '04
1912 A-O 102>a
Cons 1st 4s
102i4May'ii5
10234 10234 Mara Hough & Ont 1st 6s-1925 A-O
118 Mav'04
"74"
Mexican
Central
cons
4s.
.1911
9i)34
J-J
"Ye" 117638 117038
991a
Istcons inc33
Jan 1939 J'ly
25 Mar'05
Jan 1939 J'ly
129 129
'Jd cons inc 3s
l6'--8 Noy'04
11134 111*4 Mich Telep cons 5s tr rec.1929 J-J
75 J'ue'o:;
8934 Minne Gen Elec con g 5s 1929 J-J
81
102 4Aug'04
New Eng Cot Yarn 58-... 1929 F-A
98 May'Ou
98
109 109
New Eng Teloph 6s
1906 A-O 101=8.
102 4 Dec '04
1907 A-O 103
101 10138
6s
103 Aug'04
6s
1908 A-O 101
10334 Apr'05
106i4Feb'()5
100 10134
58
1915 A-O
NYc&'N'Eiigl8t78."'!".'l905 J-J
100 Dec '04
9938 9958
1st 6s
1905 J-J
100 Dec'()4
IO4I4 J'ne'04
1924 F-A
951a 96=8 Old Colony gold 4s
Oreg By & Nav con g 4s. -1946 J-D
moa's Jan'05
10618 108
Oreg Sh Line 1st g 68
1922 F-A
125 4 Mar'05
99ial00i4 Repub Valley 1st s f 6s. ..1919 J-J 103
103 ig Apr '05
126 >a 126^2 Rutland 1st con gen 4ias.l941 J-J
Rutland-Canadian 1st 4s 1949 J-J
126 126
102 Mai'02
U'8 1081a Savannah Elec 1st cons 58.1 952 J-J
99
99 4 99 4
99 4
1081410914 Seattle Elec 1st g 53
1930 FA 106
1054J'ne'0,".
Torrington 1st g 5s
1918 M-S
107 Feb '03
Union Pac RR cfc 1 gr g 4s. 1947 J-J
104 Nov'04
1911 M-N
101 10212
1st Uenconv 48
11120 May'05
United Fruitconvgen 5S.1911 M-S 109
98 li)0
109 J'neOS
10734 1091.4 U S Steel Corp 10-60 yr 58. 1963 M-N
119318
1193 >«
102=8 103 4 West End Street Ry 4s.... 1915 FA i03*
102 4 Apr'05
IO318IO318
1914 M-S
Gold4>as
10534 May'05
10534 106
Gold debenture 4s
1916 M-N
10234 Apr '03
Gold 4s
1917 F-A 1024
139 140=8
103 ig May'05
139 I4OI1; Western Teleph & Tel 58.1932 J-J 104 4 Sale 1043b 1044.
36 98 1013g Wisconsin Cent 1st gen 4sl949 J-J
Jan '05
1191
w8 101
Wisconsin Valley 1st 7s. .1909 J-J 111
111 I4 Apr'05
7

ye^R

110 Feb '04
104 "a Apr '00
117 Feb '04

1907 J-D
1944 J-J
1905 FA

Bost& Mon 3d issue 78. ..1904 M-N
Boston Terminal 1st
Bur & Mo Rlv ex 6s

100

9634

97

BOSTON STOCK EXCH'GE
Week Ending June 16

High Ho Low High

9y7g

108

96

Since
Jantiary 1

or

Last Sale

Ask Low

Bid
J-J
J-J

Atch & Nebraska Ist 78. .1908
Atch Top & S Fe gen g 48. 1995
J'ly 1995
Adjustment g 4s
Boston Elect Light 1st 68. 1908
Consol 58
Boston & Lowell 4s
Boston <fe Maine4><28

Range

ItOND8

Range

Weekfs

lYice

Friday

Am BeU Telephone 4s 1908
Am Telep & Tel coU tr 48.1929
.

2449

Boston Bond Record.

BUNDS
BOSTON STOCK EXCH'GE
Week Ending Junk 16

I

—

;

ACTIVE .STOCKS

Thursday
June 15

and asked.

Range

for
191)5

the

1[

106 14

1102'8 I027g
124'<4

1251a

103^10318
97

100

1041a 10634

1118411138

10741144
i;92'8 1197=8

1024 1024

10534 IO6I4

103
103

103
105

1191

91

4
4

llll4lll'4

Flat price.

Weekly, Yearly

Daily,

Sales
of

(For Bonds and Inactive

J<riday

Year

Range lor Previoui
year(lHU4)

Week

Stocks see beLow)

June 16

latest bid

;

106

tshare.s

Lowest

Lowest

Highest

Apr 13
Feb 24

574 Jan

22 4Ai)r II

7 .i'lie
1334 J'ne
534 J'ne

Dea
Deo
19^8 Not

40

43 J'ne
18 4 May

51 Oct
26=8 IJ«o

Hiiihesl

Baltimore
83
102

'

'100
19=8 'I9I4.

101

.

•I914
•38I4

384 384

3334

1938
38'4
*1234

83
*lo0

1014102
19 4 20
19 4

19 14
•3818

1938

38
14

1^

3834
13 4

39
14

"

Consolidated Gas

50

10141021a Northern Central

29
030
176
118

83

83
102

83

'19=8

100
50
seaboard Air Lino
100
Do pref
100
United Ry <fc Electric. 50

viO

3834

*38 4 39 14

13 4

*1334

14

50^2

51
American Railways.... 50
2636 Cambria Steel
50
Consol Lake Superiort.lO(J

'4

83
99
16

-MaylG

90

May 25 110
Jan 13

354 Jan 11 40
12 4 Apr 24 18

.Mai 2 It
Mar 3

86
J'ne 109 4

71

Nov
lokDeo

Philndelphin

504 504 *504

•50
51
26 4 264
11=8
12

•10
39
103
64
.

11^4
lO's

264
ll''<

10 '*

39
103

11 '8

*10
*38

4

67
i278

674
434

9%

9'ii

•'8

2734
47«io
-4

27

•4414

4

1

-604

'O

i

9534

•.

9ivJ,

4
67^8

43 14

43'...

9816

264

'8

48
46

4
67=8

27=8

47=8 48ii6
45 14 45^4
-444 45
593,
9434 9638

3=8

67

4

67

95
20

49

42 s

9iia
2634

918

4234
9I16

2678

46

2634
47»4
*4oi4

"a

45

441.2

94^8

48
46
45

59

594

9434

95
20

8 4 813ig

58 1932
l8t 5s.'33

A 1st M 58 1920 M-N
Elec & Peo Tr stk tr ctts
Elm & WU 1st 68 '10. J-J
E

<fe

II

<fe

Interstate

6I34

Schuyl H..50
50

RRs

34

Steel.

North Pennsylvania.. 50
5u
Penn Gas Coal

21

Ask

Bid

1144 1164
102 1024
11134 II211

90
106

1194 120
47
117
109

118 4
110

i09 4
113
101 101 14

F-A

Nav 44s

106
64I4

63 4

J-1)

J-D

Gen cons

4s ad-int

ctfs.

United N J RR <& C. lOo
Unit Pow & Trans
25
50
United Trac Pitts

N

51

Preferred
50
"Warwick Iron <fc Steel. 10
West Jersey & Sea.Sh.60

60

Westmorelanil Coal. ..50

85

*

275

5

4

Bid ana asked prices; uo sales on

this day.

|1

Lowest

is

Coal<fc lion. 100
Pref
100
Atlanta & Charlotte 1 oO
Atlan Coast Line RR 100

Sou&

Fla...lOO

Atl& Chl8t7...1907 J-J
Atlan C L RR4S1952M.S

Atl Coast L(Ct)ctfs 58 J-D
Ctlsot iudebt 4S....J-J
5-20 yr4s 1925
J-J
Bait c Pass 1st 5s '11 M-N
Bait Fuudg 5s. 1916 M-N

Consol 5s

272

os 1930. J.D

BonilN
Anacostia c& PotSs

cfe

1919... Var
Penn & Md Steel con 68.
Y Can 78 '06.J-D
Pa <fe
Con 53 1939
A-O
Con 4s 1939
A-O
Penn Steel 1st 58 '17 M-N
People's Tr tr certs 4s '43
P Co l.st<$; col tr 5»'49 JI-8

t

Ist pref
100
2d pref
100
G.B-S Brewing
100
MtVernon Cot Duck

125

'4

lo

s

Ala Cons

Georgia

96
974 Newark Pass con 53 1930 115 4
100
Preferred
PhUa Co (Pitts) pref.. .50 47 14 4734 NY Ph & No 1st 48 '39 J-J 102
158
Income 4s 1939. ..M.N
German
Norris.50
PhU
994 100
No Penn 1st 48 '36.. M-N
Phila Traction
50
Deben Gs 1905
M-S
Railways General
10
2
Penn gen 6s c 1910.. Var
14
Susqueh Iron <& Steel.
Consol
c
1906.
..Var
113
Steel
1
14
6s
Tidewater
10
Preferred

W

U Trac Ind gen 5s'19.J-J
Un Rys Tr clfs 4s'49J&J
U Trac Pit gen Ss '97 J-J

AtlauCoastL (Conn)lOO
Canton Co
100

Leh V Trac lst4s'29.J-I)
New Con Gas 5s 1948 J-D

106

M

. .

Gen M 44s g. 1924. Q-F
Leh V C 1st 5s g '33-- J-J 1144
Leh V ext 4s 1st 1948. J-D
M.S il7'
2d 7s 1910
Consol 68 1923

M

Inactive StocUs

'14.Q-J

Annuity 68

M

BALTiniOKE

884 89

1914-Q-F

48 g

PHILADELPHIA

M
M

Exchange

II6I4

3

4s 1930 J-J

m

Bait <fc P 1st 63
1 '11 A-O
Bait Trac 1st 5s.. '29 M-N
No Bait Div 6s 1942 J-D

96
974
103 4 104
111

ex-dividend.

1

11

'4

2434
439

:-;

Bid

Ti)>15paia.

^

Ask

10234 10314
7134 72

4 May

139
734

May

11718

Keorganuation

X
1

9 4>iov
1838 Deo

Feb

III4N0V

54 J'ly

144 Nov

Aug 44 4 Nov
62 4 Jan 131 4 Dec
3334 Feb 69 '8 Deo
2^8 Mar
4 4 Nov
20

5573 Mar
37=8 May
5 May
8 Jan

1

70

Deo

43=8

001

10 'e Deo
19 Nov

194Mar 41i4Deo

81

Mar 46 Deo
Mar 42 4 Deo
5914 Dec
May 108 Deo

1934

Oct

38
28
4534

Jan

22

JJAI/PIi>10RE

Bid

Chas City Ry 1st 58 '23 J-J
Chas Rv G <fc El 68 '99 M-S
Charl C <fc A ext 68. '09 J-J

105

2d 7s
1910A.O
City&Sublst58..'22 J-D
1164 117
City <fc Sub( Was) 1st 68'48
1114 1124 Coal <fe I Ry let 58'20F.A
105 4 106
Col.S;Grnvl8t68.1916J-J
Consol Gas 63. ..1910 J-D
122 124
5s
1939 J-D
G a <& Ala Ist con 58 '45 J-J
110
GaCar<fcNlst5sg'29J-J
991,
GeorgiaPlst68...'22 J-J
84 14 a4 4 GaSo& Fla l8t5s 1946 J-J
G-B-S Brew 3-43 1951M-S
63
2d income 58 1951 M-N
KuoxvTrac 1st 5s '28A-0
LakeR El 1st gu5s'42M.S
MetSt(Wash)lst6s'25FA
60
66
90
92 4 Mt Ver Cot Duck lat 58.
Incomes
160
NptN&OPl.st58'38M.N
160
158
General 03
1941 M.S
390 iOO
Norfolk St 1st 68 '44.. J J
924 95
North Cent 443 1925 A.O
35
30
Series A 5s 1926
J-J
98 100
Series B 5s 1926
J-J
76
70
Pitt Un Trac 5s 1997. J.J
8I4
9
Poto Val 1st 5s 1941.. J-J
Sav Fla & West 5s '34 A-O
Seaboard A L 4s 1950 A-O
10434 105
Seab & Roan 68 1926. J-J
106 4
South Bound Ist 5s--A-0
10134 102
UEl L&P 1st 44s'29 M-N
113 117
Un Rv<& Ellst43'49 M-S
!i6
93
lucouie4sl949
J-D
96 14 96 4 Va Mid 1st 6s 1906. .M.S
106 106 4
2d series 6s 1911. ..M.S
1174 119
3d series 63 1916. .M-S
107 108
4th ser 3-4-5s 1921..M-S
112
5th series 5s 1926. M-S
115 iis" Va (State) 3s new '32. J-J
119 121
inimUlebt 2-38 1991. J-J
100=8 101
West N C con 6s 1914 J-J

M-N
Cenfl Ry con5sl932 M-N 1164
KxtA Imp r.s.l932.Ar S 114
Convertible 5s. '06

U Ex-rigUts.

48

15 102 14 J'ne 2 ll4'8Jau 3
2,712 624 Jan t> 70 Feb 25
1 705
3 J'ne 1
534 Jan 17
747 6513, May2i 7334 Marl3
2.8'J8 4034 Jan 25 48 4 Mar27
18,407 8
J'ne 5 12 4 Apr 2 7
16,580 fl734 Jan 4 J36 Aprl7
74,108 39=8 Jan
4934 Alar 9
102 45 May20 47 Feb 2
42 Jan y 46i4Mar 9
58 14 Mar 9 63 May 19
i,4;*2
10,034 90 J'ne i) 12538 Apr 18
20 Feb 28 28 Jan 17

Phil Elec gold trust ctts.
Trust certifs 48
P & E gen 5 g •20.A-0
Gen
4s g 1920. .A&O
Ph & Read 2d 6s '33.A-0
Con
78 1911
J-D
ConM 6s g 1911. ...J-D
Ex Imp 4s g '47 -A-O
Con
ot '82 4» '37.J.J
Terminal 5s g 1941. Q-F
P
& B col tr 4s '21. J-J
Rochester Ry con 5s 1930

Welsbach

Rys

3-34-48 1943

Lehigh
12

9434

Gas-L l8t g 5s 192b

B Top con 58 '25 A-O
Indianapolis Ry 48.1933
16

944

60
50
MarsdenCo
100
Pennsylvania RK
50
Philadelp'a Co (Pittsb) 50
PliUadelpliia Electric.
25
Phila Rapid Transit i.. 50
Beading
50
Do 1st pref
50
Do 2d pref
50
Union Tracton
50
United Gas Impt
50
Welsbach Co
100

Ry 1st con

ConTracof N J
80

"5914

45
59 14

25

3,554

1

Nav

.

25=8 2638
4773 48 -is
451I1B 45"ia

Hontis
Al Val E ext 78 1910 A-O
AmRy8Conv68 1911.J-D
50
Atl City Ist 5s g '19-M.N
494 Balls Ter 1st 58 1926. J-D

Eq

66 4

4
67 4
42 4

67 4
•421^

FUILADEI.PHIA

Ask

H
1514

1134

12
39
*1024 103 4 Lemgh Coal &
64 14 643b Lehigh Valley

4<>7iiiii

4238
8 'a

27

Col St

16
79

10

50
Pennsylvania Salt
Pennsylvania Steel. .loo

644

Jan 3 544 Apr 4
May22 2838 Feb 17
May22 8^16 Jan 4
Do pref.t
100
8 May 24 1534 Jan 4
Electric Co of America 10 2,130 10 4 Jan 25 12=8Feb20
Gen A.sphalt interim ctts..
25 10 Jan 9 I714 Jan27
Do pref interim ctfs..
5 3834 J'ne
49 Jan 26

•10
*3o

Choc & Me 1st 5s 1949 J-J
% Ch Ok & G gen 5s '19 J-J

50

N Haven Iron &

12

20

50

Nesquehoning

114

ll'a

39
105

Bethle Steel 68 1998. Q-F
Che& D Can 1st 68*16 J-J

Lit Brothers

&

264

Berg&EBrw 1st 68'21 J-J

Little ScliuylklU

Minehill

67

42^2

9439

KeystoneWatchCase.lOO

Lake Superior Corp.. loo

6? 616 679ie

•444
594

Keystone Telephone ..50
Preferred

64'4

12
39
103

475ie 48li8

94 14

634

11^8

ll't

*i0
*38
104
*64

•45

59^4

<fe

2014

3=8

la

594

Amer Iron Steel
BeU Telephone

26I4

3"io

"444 45

Bid

10
50
60
50
Cambria Iron
Central Coal & Coke. 100
100
Preferred
50
Consol Trac Pitts
Preferred
50
Diamond State Steel...
Preferred
Easton Con Electric... 60
100
Elec Storage Batt
Preferred
100
Germantown Pass
50
Harrison Bros pref.. .100
Indianapolis St
100
Inter Sm Pow & Chem.50

•10
•38
103
61

47 14 48
•4514 46

Inactive 8tocks

American Cement

\l\

11'8

*504 51

51
26 14

26 14

4234 42^4
9I8
9l8|
26-'8 271*

2t>

PHlLAUEl.PtliA

*50ia

51
2638

12
39
106
64 4

104
*104 4 105
64
6438
64
64 4

334

45

2638

2638

WesVa C&P 1st 6g'l 1 J-J

Wil
certs.

tt

Weld

58. .1935. J-J

^3 assess' t paid.

^

J'ne

Ask

924 94
1184
110
113
IO6I4 107
10834 1094
II6I4

110 1104
1164 117
II214 II234

1134 lUia
12434 1264
115
593^ 60
27 4 28
104
117
118
120

77'

771^

y"6'
llli<

110
118
118
112
118 4

1134

19

115^4
.87'.,

S734

112
112

954 97
93

'4

9oia

614 62 14

102
110
114
112
110
96

96^8

116
113
118

974
1131a
121

$20 paid.

——

—

.

,

—J

THE CHRONICLE.

2450

Volume

IndianapoUs Gas
Ist g 58 1952
Jackson Gas Co
5s g 1937
Kansas City Gas

Stocks

Week ending
June 16
iyu5

Monday

Monds

$1,509,000 31.144.000
1,616.000 2.8U7.500
1.740.000
1,727,600
1.531,500
1,702,000
6 J 4. 000
1,414,000
1,241,000 3,052,000

2J77.827 $200,707,950

$8,337,500 $11,907,000

..,

....

Tuesday...

Wednesday
Thursday..,
Friday ....

Week ending

Bales at
Stock

January

Jicne 18

—K

1904

1905

1905

$1,000

Pat

1st 6s 1926
J-D
Pas Gasife EleclOO
n Cong 58 1949. ...M-S
St Joseph Gas Ss 1937. J-J

$1,000

$1.0i;0

11,9<j7,O00

8,337.500

2-2,700
10.927,500

457,3L>3,400

$431,400
849,200
281,165,000

Total bonds....

t20,245.500

$11,211,200

$540,911,100

$285,145,600

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES

Saturday

11,653
27,431
2i,-39
Vl,376
9,839
9,356

101,494

Monday
Tuesday
.

Thursday
Friday
Total

Bond

LisUd

sales

shares

Unlisted
shares

Listed
sharer

iyo6

Wednesday

Philadelphia

Boston

sales

12.220
27.601
11,205
22,798
16,563
36,632

18,167
21.787
12,355

4,357

$36,500
54,500
41,000
39,000
11.000
34,500

1,460
1,508

$82,000
04,500
63,000
78,500
62,000
46,500

37,491

$216,500

127,019

58,876

$395,500

4,345
8,403
9,817
6,986
3,5-'3

3,5.)9

Outside Securities
A

Market will be found on a preceding page.

of Outside

Weekly Review

&

Central

Commer Un

I1

11

Pacific & Atlantic
25
llSouthern & Atlantic 25

Electric

Companies

Chicago Edison Co See C
IIKingsCo EI L&PCo 100
Narragan (Prov) El Co 50
Q El LifePowColOO
Preferred
100
UnitedElectricof N J 100
48 1949
J-D

Ferry Companies
Brooklyn Ferry stocklOO
-V

B& NY Ist 68 1911.J-J
Y & E B Ferry stk. 100
M-N

1st 68 1922

X & Hob con 5s '46. J-D
Hob Fy Ist 5s 1946 M-N
N Y<fcNJlst5s 1946. J-J
NY' & So Blykn FerryASt
Transp 1st 5s lOOOM-N
lOlh & 23d Sts Ferry 100
i'

11

1st mort OS 1919. ..J-D
Union Ferry stock .100

M-N

Hist 58 1920
Sitreet

Kailways

Ask

Bid

NEW yOBK

CITY
Ful F stk 100

33
Bleeck St&
95
Tllstmort48 1950 ..J-J
240
Aveitk
..100
7lh
HB'y &
1I2dmort 58 1914 ...J-0 104
Con 68 1943 -See Stock ICxcli
B'way Surf Ist 58 gni 1924 4108
2d 6s int as rental 1905 i 99 Hi
IJCent'l Crosst'n stk. .100 340
TllstM. 6s 1922 ...M-N iin
HCen PkN & E R sik.lOO 205
175
fl Chr't'r<fe lOtU St stk 100
Col<fe 9th Ave 58 See Stock Exch

Dry

36

9S

Bid
lILouisv St58l930..J<feJ 4113
Lynn&B08l8t58'24.J-D 4110
New Orl Rys Co (w i) 100 38
Preferred (w i)
100
80

107
list

110
101

360
121

ilO
185

114
100
386
103

400

1l42d«&GrStF'ystk..lOO
42d St M & St N AV..100
Tjlstmort 68 1910 .M-S
ll2d Income 6s 1915 J-J
Inter borough Rap Tr. 100

400
50

410
70

107
80
201

109
85

Lex Av

& Pav F Ss

W

.Stk

list
X list

Stk K
185
205

no3

104
116
178
106
108

H02
4105
KXCll

no

A^

101
11212
113

B& WE

BklnyCo&Sub

>S'«e

Stk Kxcli

Bklyu Kap Trau See Stk Kxch
l8. <fc Bklyu ..100
325

103ii

114
101

iv

•240

cons g 4s 1948. .J-J

list
list

100
115

Isl 48

1949

See Stock

Nassau Elec prel

h.xch

list

75
110

113

100

A-O

68 1944

I8t48l951

.See St

N Wb'g&Flal latex 4H2t-

li

101

Steinway Ist 08 1922.J-J 4119
oiiiEu crriKs

UuRalo Street

Ry—

N Y & Richmond Gas. 100
Nor Un

Isl 58

1IProferre<l
Ist 6s 1930

list

Amer

Light

130
155
109

..10(»

100

M-N

Tract. 100
Preferre<l
100
Bay .State Gas
50
IJiugliaiutou Gas 58 1938

108
150
170

U2

h

^u
97

Brooklyn Union (*iis di^h
68 1909 conv'07...M-S 178
BulliUo City Gas StocklOO
512
1st us 1947 .S'ee fitock Exch
Consol Gas of N J
loo
Ist 5h 1936
49'J
1-J
114H Consumers' L U <& Pow —
107
58 1938
1-U 4110

104
121

100
18'.

6
list

L'ol

Copper

6

19
70
6

5I2
134

a"*

22

24
10
39

%

\

1

.

t

6h Nor Am Lum'r & PulplOO

124
67

127
75

nontario SUver
Otis Elevator com
Preferred
»

11«8

70 ig
127
99
24I2 25
76
74
104
102
66 H, 6638
94
94

7u
122
95
'

'<

11*

I's

•

3
Gaiuden Land
Casualty Co of America..
100
Celluloid Co
Cent Fireworks com. 100
Preferred
100
100
Central Foundry
100
Preferred
Deb 68 1919 op 'OlM-ls
loi)
Century Realty

Ask

16
67

25
934
HCrucible Steel
100
61^4 ei^
100
n Preferred
Cuban 6s of 1896
101
103
Del & Hudson right-s
U
110
HDiamond Match Co. 100 139 139H»
137
Dominion Securities. 100
10
91
Douglas Copper
5
7
llliv Electric Boat
4111
29
33
100
Preferred
70
78
100
4110
Electric Lead Reduc'n.50 t
h
"a
3
Preferred
50 t
IV.
23
Electric Vehicle
I512
16
100
76
78
Preferred
20
21
100
4105 106
Electro-Pneum'ic TranlO f
>4
%
5I2
9712
100
i
Empire Steel
7
100
Preferred
35
42
100
'13
60
lIGeneral Chemical ..100
90
93
II Pref erred
..Jl>a
100 102
120 127
Ga & Tenn Copper
5 \
115
Gold Hill Copper
1
^l»
«i«
80
85
Greene Con Cop See Boat Stock Exch
47
Greene Consol Gold... 10 t 4'4
l-«9
126" Greene Gold-Silver.... 10 t
121
7
20
2514
HackensackM eadows 100
90
93
Hackensack Water Co—
170 174
Kef g 4s 52 op 12. ..J-J §94
d6^
125
128
90
Hall Signal Co
92
100
80
85
Havana Commercial. 100 12
102
106
36
Preferred
100
-6
Havana Tobacco Co. .100 24
33
Preferred
38
100
80 12 81
hicago list
1st g 5s June 1 '22. J-D
178
185
Hecker-Jones-Jew'l Mill
tlOO 103
Isl 6s 1922
M-S 105 I2 109
50
58
Herring-HaU-MarvinlOO
1
80
20
89
30
1st preferred
100
25
2
2d preferred
4
100
47434 751
Hoboken Land<fe ImplOO 200
115s 1910
M.S 4102
2
234
Houston OU
100
24
Preferred
27
lOO
4I2 Hudson Realty
312
110
106
Internat'lBankingColOO 168 163
10 14 101,
72
77
Int'n'l Merc Marine. 100
27
91
92
Preferred
27 I4
100
76
4109 1093j
79
Col tr deb4i2l922op'07
4110 111
23
25
International Salt
100
62
}106
67
Istg68l951
7
10
International Silver. 100
47
101
50
Preferred
100
4I06I2
40
60
Ist 68 1948
J-D
96
4 95
Lanston Monotype
20 r 171* 17%
28
29
Lawyers Mort insur.lOO 175 185
35
96
97
IJLeh & Wiikesb Coal.5u
Lordife Taylor
100 109^2 115
102
Preferred
14 104
loo
HLorUlaid (P) pref ...100 145
40 1«
Mack ly Companies ..100 40
73 1» 733»
2
5
Preferred
100
20
2
25
5
Madison Sq Garden.. 100
90
106 109
2d 6s 1919
M-N 70
912 13
92 12 94
llManhatt Beach Co. 100
234
3
15
Manhattan Transit
20 t
7
Mex Nat Construe, pf 100
69
71
Monongahela R Coal. .50 t 10
27
16212 164 a.
28
Preferred
60
226 237 12 Mont <fc Boston Consol .5 ^ 3132
1
33
36
Mortgage Bond Co. ..100 118 122
100
72
76
Mosler Sale Co
100
116
Nat Bank of Cuba
1 00
100
101
Nat Ena<fe Stamp AeeStk Exch Ust
135
24 7^ 2512 National Surety
100 125
45
42
83
84
UNew Central Coal
20
106
50
51
Y
Biscuit
N
6s 1911. M-S
60
N YMtge<fe Security. 100 175 185
23
2379.
UNew York Dock
100
63 12
UPreferred
100
734
814
N Y Transportation... 20 f

105
97
Press Assoc'n.lOO
2
4
Foun com.. 100
63
6S
100
9
12
100
American Surety
60 190 200
270
286
Am Tobacco (new) com..
list
Prefd
fie« Stock Exch
See Stk Exch list
4s and 68
Am Typefo'rs com. ..loo 35 39
98 100
100
Preferred
434
5
Amer Writing Paper. 100
2812 29
Preferred
100
88
J-J
58 1919
881a
29 12 30
Arizona Con Mining... 60
2
Baldomero Jliuiug
5
20
1|Baruey<fcSmCar ...100
erred
100 I27I4 130
li Pref
29
31
Bethl'm Steel Corp. ..100
76
79
Preferred
100
103
CoU.tr.g. 8.1. 681914..
50 140 150
Bliss Company com
Preferred
50 130 145
100 400 410
Bond<fc Mtg Guar
152
Borden's CondMUk..lOO 149
112
1 13 Hi
Preferred
1 00
British

92 Hi
104^2 106 4
4

50
103
105
35
29

Isl preferred
2d preferred

115
112

Bid

loo

Cons Ry Ltg.feRefi-iff.100
Consol Rubber Tire. .100
Debenture 4s
Cons Storage Battery lOo
Cramps' Sh<fcEn BldglOO

101

6

100
n Amer Bank Note Co. 50
American Can com... 100
Preferred
100
American Chicle Co.. 100
Preferred
100
Ato Ice Securil's (w i) 100
Debenture 63
Am Malting 6s 19 1 4. J-D
American Marble
100

Industrial and Miscel
nCons Firew'ks com .100
11 Preferred

Am Soda

crriEa

&

& Smelt

Amer

89
43
85

35

1927-M.N 4IOO

Gascom

OTHKH

Exc h

J-J ai3
J-J 4109

4

Alliance Realty

l8tconvg58l914.M-S
American Nickel
lo

Gas—

Con8ol63 1945

llStamlard

99
113
100
102

Brk C <fe N 58 1939. J-J
G^Sl<fe^ewl8t58•06F-A
Or'pl&Lorimer St Isl G.v
Kings Co. Elevated

East River

Industrial and Allscel

901-j

1st consoi 68 1948. .J-J 4IIOI2 112
<fc

Va<& Southwestern. .100

35 12

list

Cent Union Gas Ist 5s... 4107 109
Con Gas (N Y)stk. See .St k Exc h list
Couv deb 68 ctfs iS'eeStk Exch llAt
100 Vi95 300
IIMutual Gas
New Amsterdam Gas
1st 58 1944

106

40

100
68 1936. ...M-N
....

Denver

New common (w i)
New 1st pref (w 1)
New 2d prel (w i)

Algoma Cop

Gas Securities
NKW TOBK

NY

IjCouey
iBl

J-D

West Cliicago St

HCong

4i5

BBOOKLTK
Allan Ave 68 1909..
4102
Con 68 g 1931
A-O 113
Impt 6s See Stock Exc li list
B
68 1933. .A-O 100
Brooklyn City Block. ..10 238
Con 6» See Stock Excli list
Bkln Crosstn Ss 1908. J-J 102
Bku Hglsl8t6tt 1941 A-O 104

100

Preferred
48 1951
11

&

Stubs
Pitts Bess & L E
50
Preferred
50
Seaboard Air Line^
Colllr5sl907 op.. .M-S

H

108

YkereStRR Ss 1946A-0 ao6
& 29th SU Ist 6b '96 *112S 114

Worth

City stamped
100
Northern Securities.. 100

4105 107
Pat City con Os '31.J-D 4 124
2d 68. ...1914 opt A-O 4100
So Side El (Cliic)
See C liicago list
Syracuse Rap Tr Ss 1946 4 WT-'^ 109
Trent P &
5s 1943J-D 4103
105
United Rys of StL—
Comvottrotfs
100
80
3014
8<)'4
82 14
TIPreferred
100
(Ten 4s 1934
See Stk Exch list
8812
88'6

Railroad
Chic Peo & St L pref.lOO
Deposited stock
Undeposited slock
Prior lien g 4 i2S'30M<fcS
Con mtg g 58 1930.J&J
Income 58 1930
IIFort

ilVi
410912

UmtRysSanFran SeeStii Kxch
Wash Ry & El Co.. ..100 34 'e

list

28tU

HTwenly-Th'd St stk 100 398
Deb 58 1906
J-J
100
Union Ry Ist 68 1942 F-A 4110
Weetcheet let 68 '43 J-J 4110

N

No Hud Go Ry 68'14J-J
58 1928
J-J
Ext 08 1924
M-N

X list
19'2

«115
170

Hi

811-2

M-N 5763, 77 14
48 g 1949
80 J Gas El & Trac 100 125 127
Gu g 5s 1953
M-S 4103 104

202

E

38

New'kPasBy68'30J-J iill3'2 114
Rapid Tran St Ry. .100 255
let 5s 1921
A-O 5109
26
J C Hob& Patersonioo

116
102

Exc

See Si k

Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
Tllstmort 68 1909 M-^
Con8ol68 1948.... F-A
^Sixth Avenue stock 100
Sou Boulev 6s 1946. .J-J
So Fer Isl 58 1919. ..A-O
Third Avenue See Stock
P & M 68 192^
Tarry

11312
II2I2

N

Ust

58 1932. ..J-D
6b 1914 ....F-A
klighth Avenue at. ..100
liScrip 68 1914 ....F-A
Tllst gold

Ask

92
490
hicago list
-See
JlOO 115 120
Tr ctf s 2% to 69i) perpet 69
70
Coll trust 58 gold notes
1909 optional.. ..M-N 497
98
29
North J ersey St By 100
M-N 477>2 78
Ist4sl948
82
ConsTracof
J...100
83
Ist 58 1933
J-I) 4IO8I2 109

fwi)
North Chic Street
Pub Serv Corp of

D E B & B—

iScnp

Tl

Street Itaiiways

New 4^28

L^45

100

So Amer. 100
Tel (N Y).2o
Emp <fe Bay State Tel 100
Franklin
100
1|Gold<fe Stock
100
II4128, 1905
Hudson River Teleph iOO
N Y & N J Teleph. . . 1 00
Northwestern Teleg. 5(i

1)

NY&

Bond

Dnlisted
shares

& Telepiione

5AmerTeleg& Cable

State bonds
BH. and mis. bonds

Week ending
June 16

&

TelegT

1904

*258,400
83.329,300

S-D

H & Pow—

OS 1938
A-O
no & Ind G Nat & lU .100

o. shares

BONDS
Government bonds

81

97
40

$1,000

130.594.724
49,165,181
2.177.827
1,639.428
*200,707.950 $154,919,950 $12,173,508,725 $4,571,719,625
Par value
$325,2(J0
$3,000
$450,100
$9,900
Bank shares, par..

Stocks

50

A-O
lOo

TICong5s 1948

No Hudson L

New York

Eaxhange

50

A-O

WabV

June 16

1 to

25
35
60
104 12 105

IILaclede Gas
100
IJPreferred
100
95
L,afay'eGaslst6s'24.M-^"
30
Log*
24
1st 6s'25. J-D
Madison Gas 6s 1926. A-O 4106
Newark Gas 6s 1944. Q- 4136
Newark Con.sol Gas. .100 89

V S
Bond^

State

Jkc

Bonds

valiie

$43,521,700
63,066.500
46.162.150
24,497.000
12.595,100
10,866,500

466,292
672,325
492,784
273,820
134.401
138,205

Total

Railroad

Par

Shares

Ask

Bid

M-X

1st 68 1908

WEEKLY AND YEARLY

DAILY.

[Vol. LJiSX.™

Gas Securities
Indiana Nat & lU Gas

Business at Stock Exchanges

of

TBANSACTIONS AT THE iJEW YORK STOCK KUCBJkiiQS.

Saturday

'

t
t

7

ha

714
^16

140
127

150

15

20

131

67

71
3I:

3

17
75

160
440

I2

19

78
165

!'«.

100
100
100

Phoenix Mining

1

3

i'-.

50
106
t

52
110

4c.

50.

261*
Pittsburg Brewing
^
50
Preferred
50 t 4612 47
Pittsburg Coal See Stock Exch Ust
6
7
Pope Manufacturing. 100
74
78
Ist preferred
100
20
22
2d preferred..
100
Pratt & Whitn prel. .100 100
^
155
160
Realty Assoc (Bklyn)lOO
109
111
Royal BakPowd pref. 100
63
Russell & Erwin
26 t 61
Safety Car Heat & Lt 100 250 260
650
Singer Mfg Go
i...lOO 630
25
...•Standard Coupler comlOO
120
Preferred
100
71-.:
9
Standard Milling Co. 100
29
31
Preferred
100
76
79
5a
Standard OU of N J ] i 00 615 620
'»Storage Power
50
Swift & Co -S'ee Boston St k E.XC b'ge
1st 5s 1910-1914. ...J-J 410212 1031*.
26
Tennesaee Copper
20 t 25
76
85
1|Teia8& Pacific Coal 100
1st 6s 1908
A-O 4105 110
Title Ins Co of N Y..100 I8712 191
Tonapah Min (Nevada). 1 t 13'* 13 "a.
17
19
TrenlonPotteries comlOO
93
97
Preferred new
100
66
Trow Directory new.. 100
I2
"4.
Union Copper
10 t
85
80
Union Tyj)ewr com.. 100
120
Ist preferred
100 115
2d preferred
100 113 116
lOu 200
U, S. Casualty
100
U s Cotton Duck
17
U S Envelope com... 100
85
90
100
li Preferred
U S Leathi'ruew (w i)10i/ 44 45
lOlHi
Preferred new (w i)100 lol
99 14 99=%.
New us (w 1)
Steel
CorporationU B
ni2
Col trsf 6s '51 opt '11
Coltrs f 5s'61 not opt. }112
U S'i'it Gu<& Indeui.lOO 124 126
6
7
Universal Fu'cExl'r. 100
Univer.-^al Tobacco. ..100
•H,
2
5
100
Piefeired
t

.

."

1

.

480
•Jo" Cliesebroutrli Mfg Co 100
IstooUBOl 58 1931..K-A 4113
I3I2 13''
Chic& North West DKlit.s
6s 1917
A.O 4105
105
108
(;Uy luvestiug Co...
Chicago City Ky
See C liicagc list
i;i)etroa City oas
5o
106
110
10(1
llCladiu iH B) com
C0lliiiibH8(O) !5t Uy..lOO 100
Bronx
Eliza Ijf til Gas iA Co.. loo 270
We.slcliesi.er &
99
96
325
100
Ijlat iirclerred
Preferred
100
175
ilOH Kbscx Ai iliKlsou Gas 100 127 12,S
TUli; & Mort Gu.ir Co. 168
100 100
ii 2d pre' erriMl
Ccluiii I'.y cou 6« See Ph ilii ii«i
Brake.
.50 1144
Fori Wayne 68 1926. .J-J
Westiiigh
Air
40
Ex
iist
48
Colo IiiduNtnal. See Stoc k
Crossl'wii l8t.'iH'33.J-iJ lOH
1
ll4
Gus<fe Kl Bergen Co.. 100
Wliiti^ Knob Min (w 1)..
00
SO
Col & Hock CtmUt pt 100
65
62
Griiua UiiiiidH Uy
2 '4
3»4
loo
61' Uraiul Krt))lils Gas
oH
Preferred (W 1)
92
iHl g 5w 1917
J-J 4 85
Prelerreil
loo
121
01
119
X9
IllHl OS 1916
F-A ?10l 104
OoinpresHfd Air Co... 100
Worlluiig Pump prel . 1
Laki-!Si(f;|itc) Kl
See <,|liicaV<' list
Hudson Co Gas
100 110
112
Cuusolid C:iir lleatiii>; 100
65
60
JBuycr piiy» accrued inlorcsu \ Price par suiire, ysale price, a Ex rlglits. *Ex div iNcw stock.
not a very active securitj
i| Sells on Slock Exchange, but

Deb

1

t

•

1

..

...
.

June

. ...

1.

1

1

,

THE CHRONICLE.

17, 1905. J

24 SI

%ny)tsimtnt and |ElaxIrcrad

Itttjellxgewce*

RAILROAD GROSS EARNINGS.
shows the gross earnings of every Steajvi railroad from which regular weelcly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and includinyc such latest weeJi or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period.
The returns of the street railways are brought together separately on a subsequent page.

The following

table

Latest Qroas Earnings

ROADS

Week
or

Month

Current
Year

July i

Hreviout

Year

to

Current
Year

Latest &ross Karnlnys

Latest I/ate

KOADS

Previous
Year

Week.

Previous
Year

Cttrre7ii

iir

Month

St

wk J'ne

Julv

Year

1

to

Current
Year

Latest Bate

Previous
Year

*

Ala Qt Southern. 4thwkMay
Ala N O & ^exa^ t'acilio.

NO&NoEaat. 4thwkMay
Ala& Vloksb'g tchwkMay

91,1SS
44.W65
48,52»

Viokeb 8b & P. 4thwkMay
Allegheny Valley April

Inc.

Istwk J'ne

Ann Arbor

AtohTopifeS Fe. April
Atlanta & ('bar.. March

80,'J9',J

1,997.905
13,70U
5,840.176

May

BaltA Ohio

32,4ia
5,99(5.890
360,'250

Atlantic &Blr... April
All Coast Line... April
Bait & Ann S L.. April

fiangor & Aroosl Apr'l
Bellefonte Ceut'J May
Bridgt & Saco R. April

189,021
4,245
2,933

ButtRoch&

1G4,05'.J

flctt'

1b

twk J'ne

100,582
130.271
82.400
972.000
174,100

Buttalo ASusq... April

Cal North w'n.....

May

Canadian North.. Islwk Jne
Canadian Paolii( istwk J ne
Cent'l or Georgia Isfwk J'ne
Cent'l of N Jersey April

l.908,15(>

2.070
Chattan SoutU'n. Istwk J'ne
1,673,776
Chesap & Ohio... April
786,38'J
Chic & Alton Ky a piil
Ohio Gt Western. istwk J'ne 137,517
ChloInd&L'v... iBtwk J'ne 10!J,519

Chio Mllw & 8t i
Chic & North

W

ChloStPM &0.
Chic Term Tr RK

OlnNO&TPao.
01 Cin

Ch &

St L.

Peoria jfeEast'L
Colorado ife South
ColNewb & Lau.
Copper Range.. .
Cornwall

Corn wall & Leb
Denv.&RioGr...
Det & Mackinac.
.

Detiolt Tol.

<& It.

DulSoSh&Atl..
Eri6
F'rchiid&N'r'e'V!

Farmv& Powhat
Johnstifc Gl.
Ft W & Denv City
Qeorgia RR
Qa South & Fla..
Fon

Gila ValG<i; N..

Gr Trunk System
GrTr. West'u

DetGrH&M..

Great Northern.

Montana Cent'l
Total system.

Gulf&ShlpIsland
Hocking Valley..
IllinoiB Central.
Illinois Southern

IndlUife Iowa...
Int & GtNorth'ii
lInt«roc(Mex)..
Iowa Central

—

June
Istwk J'ne
Isiwk Jne
istwk J'ne

Long Island ... April
Louisiana <& Ark. April
Loulsv & Nashv. istwk J'u<
Macon & Birm... May

November

April

nay
Apiil
April
April

WkMay

27

4th wk May

March,
Mineral Range.. istwk J'ne
«t

Minueap

So'w'n.
kte

St

L

81

wk J'ne

lexaiMo K^an
MoPao&lronMi

Istwk J'ne
Istwk J'ne
Central Brand. istwk J ne
<te

Ltetwk J'nt

Total

783.17:;

-f.

LakeErie&Westii June
Lehigh Val RR.. April
Lexing &East'u. April......

Mlllen

68,115
37.102
41,208
65,348
35,335
5,619,278
332.140
55.419
1.759,071
14.970
5,242.966
177,240
4,865
2.841
100,727
74,96i
133,815
64.100
1.0 18.000
156.400
1.939.308
1,907
1.641.959

3,036,362
2,326,108
1,258,410
1,321,743

Dtc

2,838,560

-HStPA

2,236,689
1,194.405 MobUe& Ohio...
1.328,626 NashCh & 8tL..
36,257
tNat'l RRof Mex
1,824,163 Nev-Cal-Oregon
57,715,249 Nevada Central.
2,706.550 N
HadRi\

YC&

9-24.538

1.391.683
3.505.30U
46.997,723
9,500,016
18,500,234
112.856
17.075,335
10,028,702
7,113,726
5,214,989
41,742.935
46,096,600

797,405
1.332,839
2,891,300
43,044,641
8,884,948
17,870,765
105,032
15.941,866
9.626.756
7,672,304
4,947,532
40,932,700
45,118,166
9,791,554

week Mar. (48 roads).
4tli week Mar. (49 roads).
1st week Apr. 43 road.'i).
2d week Apr. 42 roads).
3d week Apr. (43 roads).
4ih week Apr. (40 roads).
1st week May (42 roads)
2d week May (42 roads)
3d week May (41 roads).
4th week May (46 roads).
1st week June i38 roads).
3il

1

1

.

ist

wkj'ne

May
Hlwk Jne
April
Vlay
April
April

.....

.April

April.

av

April

Rutland RR.

196,037
378,011
61,810
201,706
15,328,584
809.050
1,392.947
2.348,315
37,239.498
30,135
67,438
557,747
2.169,009
2,090,171
1,559,393
31,811,437
4,907,688
1,138,045
35,709,911
•2.131,943

37,841.854
1,722,540
4.852,621
42,806.909
228,905
1.615,814
5,414.247
5.641,431
2,223,336
1,381,651
5.447,594
5.096,211
24,572,106
428,385
475,501
573,804
34,831.235
123.499
37,332
340,692
68,174
257.684
21,562,406
5.803.055
5.373,500
1.048,698

St

L Southwest ..

Southern Ind
So Pacific Co 6...
Southern Railw'y
Texas Central
Texas <fe Pacific..
. .

V&N W
& Ohio Cent

TexS
Tol
Tol

..

P& West ....

1 St

wkj'ne
.

May....
April..
1st wkj'ne
Istwk J'ne
I St wkj'ne
January

April

wkj'ne
wkj'ne
Tor Ham & Butt May.
Un Pac System .. April

ToiStLA

W

Ist
1st

.

VttUdalia

8.016.341
7.853.800

8.606,740
8,527,388
12,9-28, 25H

11,043.0.39

7.670,98-.;

6.990.950

7,870.100
7,900,475
10,152.570
7.396,3 &

7.203.78.8

I

7,667,M0
7,591.4'-'

12.098.498
7,267.191

7.208.724
9.659.'.»0o

6.903.87;;
7.104.32!-

7.177,901
10.851.080
0.897,105

P.C-

10368277
73,900
216,491

Wabash

W Jersey & Sea'e
Wheel
LE

348,679
51,196
64,563
433,335
363.614
111,949

Ist

wkj'ne

April

.

wkj'ne
W'm'sport&N.Br. March.
<fe

1

St

12,329
549,381
15,090
560,560

.

Wisconsin Cent.. AprU....
Wrightsv&T'n.. AprU....

Yazoo

& Miss.

V.

May

VAKIOXJS FISCAL YEARS

620,620

159.9-27

39,129
9,461
3.088,339

1
1

1
1

1
1
1
1

1
I
1
Mar. 1

Jan. 1
Jan. 1

.

P&

330,098
48,117
46,250
420,856
314,714
66,622
12,872
531,360
10.657
581,444

an.

1

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

1

,lan.

1

1

1
1
1
1
1
1

Jan. 1
Jan. 1
Dec.

•

I

MONTHLY .SUMMARIES

590.399 7-36 Mouth June 1904 (108
8-58 Mouth July 1904 (125
+ l,285,19!t 1104 Month Aug. 1904 (122

an.
an.

to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to

to
to
to
to
to
to

3,595 984
4,228, 979
125; 759
5.490, 220

105 95
8,066, 998

Apr.
Apr.
Apr.
Apr.
Apr.
Apr.

Mar.

May
Apr.

Month

Current Year PreviousY^ar

s
rds.) 113.351.491 114.280.175
ids.) 132,242,621 139,712.599
rds.) 145,2it2,493 144,558.47:

1904

(1'.'4 rils.)

190-t

(i'.;4 rd.s.

1904
1904
1905
lw05
1905
1905
1905

(124 rd,s.
(123 rds,
(110 rdM. i'.i7.(i73.058 119.2-20.07
(117 r(t.i.> ll3.714.50(i 117.25-M:t.(118 rdc.
43.02:^;. 857 130,8'79,;;4'
(115 Id''.
30,595.868 127.237.31',
53 rds.
18,367,104 44,543,71:
(

+ 370.0:;i

3.561.684
4,010,860
126,419
5.402,651
151.302
7.303.564
Previous
Year

5.27!), 225 5,179,32-2
32,135,702 29,921,4-29
3.105,827 3,083,7^27
39,397,579 36,811,979
171C. 1,6 13,200
4,457,636 4,130,736
2,160,490 2,103,836
8.179.i>94 7,034.960
157.779
173.804
4,982,770 4,806.455
1.063.o7'3 1,025.97»

June

May

Sept.

..

705.909
11,375,677
102.100
2.987,922
1,224,315
3,091,171
599,382
46,110,09a

Inc. $26 8.031
Apr. 30
Mar. 31 $360,250 .$332,146
288,1-27
418,484
Apr. 30
24,802
23,846
May 31
Apr. 30 6,543,670 6,185,194
988,983
887,302
Apr. 30
June 7 2,347,471 2,079.041
June 7 2,812,751 2,858,086
June 30 2,277.854 2,325,228
150,577
157.578
Apr. 30
•.;7,847
27,4-^3
May 31
50,951
54,958
Apr. 30
Apr. 30 2,164,773 2,431.782:
2,623,100
27
2,518,200
May
521.028
518,428
Alay 31
16,508,043 17,002,109
June
647,275
709,. 74
June
17,155,318 17,711,283
June

Moutii Oct.
Mouth Nov.
+ 542,06', .".•62 Month Dec.
.i-432,44(, (.21 .Mouth Jan.
+ 503.481 7-02 Mouth Feb.
.3-76 Mouth Mar.
-t 4i;i,l(i(
+ 1.247.418 n-Vi Month Apr.

9-71
066. 31,- 9-25
691.751 9-59

7.2-.i9.685

10,063.353
1,182.865
78,538,177
42.461,527

.\GS— \Veekl.v and ITIouthly.

+ 673.588
-t

1.115,967
30.232,447

417, 308
379,556
008! 767
557,356
•23,195 ,07 21,416,419'

Current
Year

Feriod
Jan.
Mar.
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

.

(

1,181,973

2,000.001
4.336
3.228,417
4,450.207
7.678,624

6,447,790

577,997
464,432
7,678,928 7,236,223
9,284,198 9,335,295
10,949,003 10,775,960
173. 85»
199,677
28,828
25,653
74.236,108 71.130,848
5,747,091 5,439,013
2.240.044 2,148,605
19.697.413 18,811,476
8,515,681 8,353,881
47,229,037 43,414,283
165,784
172,900
4,577.100 4,345,796
100847097 99,283,097
/wt;. 2,-24 4,100
8,959,081 7,820,042
11.488,474 11.156,574
6,368,136 6,277,020
20,670,439 20,353,936
41,073
42,328
30,453,680 28,943,104
29,721,66 28,877,326
60,175,347 57,8*20,430
l,2z5.709 1,170,757
421.498
450.487
445.096
432.923
36.790.722 38,550,64a
1,847.116 1,809,926

RR.—

-^

+ 08O.03-J

216,3-27

8,045,069

93',955 1.056.207
108,212
2,955,991 2,622,040 32.296.994
154.971 138.098 8,315,743
1,189,044 1,092,078 11,217,814
100,992
95,968 1,270,888
8,234,516 7,439,616 79,305,629
826,309 bOl.597 45,075,788
12,422
781,317
7,528
181,394 169,088 11,979,124
96,200
12,000
16,100
23S.845 220,022 3.180,128
20.070
25,642 1,193,070
69.973
64,607 3,490,849
610,375
57,583
63,947
4,781,682 4,159,027 49,388,318

Louis Div. January...
Terre H. A Peo January...
Virginia* So W'n May

GUO.S$$ liXlt

Jne. or Dec.

123,723
845,251

590.554 534,303
246.652 231,998
2,098,520 1,909,651
858,70'.:
898,002
4,403,244 3,710,114
15.870
16,692
452,019 456,715

St.

P&

Current Year Previous Y'ar

137,630
857.180
229.186
20,306

March

2,534,999 Seaboard Air L.. April
5,3<i9,780

9.345

.

1,470,405 St Jos &GrI
Apiil.
6,194,858 StL& San Franf; AprU
i7,255,3:;6

129,891

12,018

18,262
3,311
1,901
,137,502 6,369,y9ii

vlay

VI

165,>-07

.March
10855677
April
Inc. 2
eWestP<fc E... April
Pere Marquette.. 2d wk Mar 237,091
1,208.673
PhilaBalt&W'sli April
632.566
PhUa & Erie
April
2,055,815
Pittsb C C & St I- April
4,809
RaleUh & O Fear April
3,320,457
Reading Railway April
4,610,535
Coal & It Co.... Aprl
7,930.992
Total Both Cos. April
158.337
Rich Fr'kab & P April
40,749
Rio Grande Jet,. M arch .
a5,553
Rio Grande So... Istwk J'ne
3,289,652
Rooklsl'd Sys.. Apiil

•

2d week Mar. (48 roads).

1

l,793,65ci
AUeghenv "VaUey
5,912.153
Atlanta <b Charl Atr Line. .
Atlantic & Birmingham .
5,670,688
2,411,641
Bellefonte Central
CI C. C. & 8t. Louis
1,456.759
Peoria <b Eastern
5,526,932
International & Gt North'n.
4,923,617
2,638',997 2.591,755 25,506,644
Interooeanic of Mex co
Luke Erie & Western
36.760
377,887
40.603
-Manistee & North Eastern.
94.435
-Mani.stique
Oe 1,432
o5.32'.
71.640
.Maryland & PennsylvaQla.
723.805 /c 691.975 36,041.717
8.46'123.3-22
^Mexican Intei-national ..
9.057
34,187
;Mexican Railway
5,802
4.282
;Mexican Southern
356,229
35,964
34,327
.Missouri Pacific
7,150
74.933
8.550
267,437
Ontral Branch
30.174
28,380
TotaL
2,270,240 2.347,081 21,418.237
'.National RRof Mexico
522,308 597,'.»'.;4 5,494.363
New York Central
120.500 111,400 5.428.300
Northern Ceutral
30.48(1 1,06a ,609
39,374
ePennsy., East of
7,402
5,819
E
eWestol
637.090
E
13.275
12.349
547,890
49.304 2.820,005 2.659,275 Phila Baltimore & Wash...
67.83
288.830 233.340 18.931.742 16,589.143 Philadelphia & Erie
607,000 564,00u 39.011,037 39,005.394 Pitts Ciu Chic & St Louis..
26.000
22.000 1.479,275 1,678,174 Rio Grande J unctiou
033,000 586.000 40,490,312 40,683,5ob Texas & Pacific
est Jersey & Seashore

88,595
138,87*
45,258
126,401
502,483

95,360
107,987
52,342
137,435
554,615

AGGKEGATES OF
WEEKLY SUMMARIES

8 StM.

Mob Jack & KG. WkMay 27
Gulf&Chlc.Dlv.

1,801,715
50,649,953
2,804,509
837.835
564.534 .V Y Out & 'West.
18.168,081 16,958,049 N Y Susq & Wesi
133,997
137,290 Norfolk* West'
61,921,894 59,689,182 Northern Centra
l,777,68<t 1,708,658 North'u Pacltic
51.307
61,748 Ohio Rlv& West..
37.958
37,291 Pacific Coast Co
7,567.004 7,001,854 ePenn— EastP&li

121,468
101.920
802,358 3,626,035
Avrll
April ...
4,369,794 4,038,200
April
869,575 769.163 10.047.(»77
30.29!' 1.432.707
31,427
l^twk J'ne
4ihwkMay 236,431 223,4 JO 6,736,913
April
1,614,807 1,637,53< 18,684,958
April
184,846 252.945 2,414,823
Istwk J'ne 147,428 117,791 5,749,439
195,407
14.243
April
20,585
454,078
32,630
March
54,814
63,120
AprU
20,47t)
5.57*
222,740
21,305
April
30,08s
istwk J'ne 332,10u 300.800 15,792,775
820,052
91,903
April
91,714
29,330 l,335,30iJ
4thwkMay
38.520
50,05'2,507,503
istwk J'ne
53,392
April...,
3.816.589 3,816.263 37,261,755
32,002
April...,
4.029
3,384
73,051
April
8,945
8.198
55,919
592,525
April...,
62.611
Apnl....
183,243 154,073 2,107,'265
Apiil
201.318 170,900 2.092,201;
May
131,148 129,544 1,563,862
35.843
October
57,437
Istwk J'ne 643,759 670,758 32,606,013
4thwkMay 113,608 143.523 4,703,977
34,645 1,316,539
4thwk May
27,900
.viay
3,460,373 2.832.410 38,047,486
day
207,220 212,233 2,194,382
May
3,667,593 3.044,643 40.241,868
39.104 1,754.692
Istwk J'ne
43,574
April
447,568 370,052 4,959,055
May
3,642,222 3,794,562 45.219.099
252,487
22,439
May
22,858

Kauawha & Mlob April
Kan City South'u April

Mau'tee&Gr. urip
MaulH & No Ka»
Mauistique
Maryl'd & Penn..
{Mexican Cent'l..
t Mexican litem.
tMexlcan Ry
IMexicanBouih't

87,763

9'.i,535

Mouth May

I

151,475.024 147.338.53(.
159.732.959 154,758,62.
154,304.1171 140,909,471
46.748.102, 136,><89,64(
I

1

,

1

Inc. or Dec.

P.O

—928.684 081
—7.169.978 5-35
+ 731.020 0-51

+ 4.130.488 2-81
+ 4.974.337 3 21

13.394,641 9-51
T-9.^58,462 7-20
-7.852.980 6^58
—3.537.029 :i01
•73
12.743. ;U;
7-35
r 9,358.55
f3.823,38( - 58.
•

6 luoludes the Hous. ^t fex. Cent, and its subsid. lines in both years.
e Cavers Une.s directly ouorated.
iMexicau currency.
<; luoludes
k,
Atlanta Kuoxvllle & Northern included In both years since AprU 1; Ituad previously been
the Chicago <S: Easteru Illinois in both years.
a Ijeoreaee due to a washout.
included in 1905 since Jan. 1.

—

—

. ..}.
..
.

.

THE CHRONICLE.

2452

Latest 6ross Earnlasrs by Weeks.—In the table whloh
follows we sum np separately the earnings for the first
week of June. The table covers 38 roada and shows
S'36 per oent inorease In the aggregate over the same week
last year.

1906.

Inereait.

1904.

Obattanooga BontlienL.
OluoaKO «re»t Western

S2.41P
l«4,0^f
82,400
072.000
174,100
v,07P
137.517

Ohio. iDd'pUs

Loulsv..

109,8.19

OMo. Term. Transfer....

31.427
147,42'
332,100
53,; 9^

101.926
30,299
l\7,791
300.800
50,052

643,76!-

670,768

Buffalo Rooh. (b FlttBb's

Canadian Nortnem
Canadian Paolflo
Oentrai ot Georsria

.

&

di Soatliem
Denver <Si Klo Grande
Dnlntt 80. Shore * Atl..
Grand Trunk or Can...
Grand Trunk West.. >
Det.Gd Hav. & MUw. >

Colorado

Gult & 8hlD Island
International A Gt. Wo.
Interooeanlo Of Mexloo..
Iowa Central
...

LoalsvlUe &
Mineral Ranjte

NaabvUle

1.907
12l,46.S

Sonthem Railway .......
Texas Central
Texas & Paolflo
Toledo Peoria & Weet'n
Toledo St. L. A Weet....
.....

p.o.

2,916
3,38.

18,3UC

46.000
17.700
16S*

16,049
7.593
1,128
29.637
31.30'

3,340

26,999
4,470
6,765

39,104

9»,360

88,59.'^

lOT.gs"?

138,878

;')2,342

45,2.^8

7,b8'4

723,S0-

691,976
12.349
49,301

31,830

129.891
233,34>

3r.,91'

564,000
22.000

1I10.40fc

1I9,3.')ii

137.630
229,18f
a5.633
164,971
826,30
12,42
181.394

123,72
216.827

20.07.

25,64.

69,973
433,33'

64,607
420,85*^

lll,94i^

66.62S

7,267,19)

6,897,l6f

Lake Erie.

Total (38 roads)

30,891

92e
18,533
55,484
43,000
4.000
1.013
13,90
12,359

9.461

138,098
801,59
7,52'-

169.088

12,;j06

5,572

..

5,366
12,479
46,327

4(A lotek of May.

486,332
370,026

116,306

1905.

Gt.

rd's)

1904

Sontnem.

Inereate

$

$

11,425,07 10,245,57 i
92,53?
87,763

i,2C9,oae
4,772

68.116
37.10^
41,20^
223,440

23 073

Tex Pao..NewOrl.&No.East..

Decrease.

9
29,521

<s

Ala. & Vlcksburg
Vlcks.Sh. & Pao
Cln. S. 0. & Texas Pao.

44.86
48.628
236,431
If 120,500
39.374

Mexican Hallway
Mexican Southern

tlll,400
36.430

12,098,498 10,851,080

Total (46 roads)......
.Net Increase (11-49 p <^
% Figures are for

Ql.lSt'

week ending May

7,763
7.320
12.991
9,100
2,894

1,276,939
1,247,118

**».

••-

29.521

27.

Met Earnings Monthly to Latest Dates.— The f ollowlcg
ahows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get retnms of this
character, and in that form is given once a month, Early
retnms are published from week to week, as soon as issued,
but for the convenience of our readers all the roads making
returns are brought together here in the week in which we
publish our monthly article on net earnings— say about the
20th of the month.

— Oross Darnings. —

^

-

Current

Previous

Year,

Year,

Net Earnings.-—
Previous
Year
Year.

Ciirrent

Boada.

(^
$
$
$
Alabama Great Southern— See under Southern Ry. System below

AUeKheny Valley. Apr.

Inc.

65.348

Inc.

82,078

Jan. 1 to Apr. 3o
Inc. 268,031
Inc. 287,306
Ann Arbor. b
Apr.
34,302
136,690
159,487
46,670
July 1 to Apr. 3u.,. 1,623,077 1,828,650
551,882
445,070
AtOb.T.&B. Fe.b. Apr. 5,996,896 5.619,273 t2,ll8,8°i4 f2,142,9!?7
July 1 to Apr. 30. .. 56,649,953 67,715,249 tl9,33O,730 t22,563,069
Atl'ta & Char. A, L.uMar.
360,260
130,480
332,146
105,974
July 1 to Mar. 31..
2,804,^09 2,706.650
899,946
967,630
Atlantic & Blr.RR.aApr.
16,r95
80,292
17,326
65,419
July 1 to Apr. bO...
837,836
564,534
251,180
175,889
Atlant. Coast li. a.. Apr. 1,997,905 1,759,071
709,187
8^8.210
July 1 to Apr, to... X8,168,081 16,968,049 6,686,125 6,389,748

Baltimore & &.niiapoii.'i
Short Line.a
Apr.

13,709
14,970
4.430
4.784
July 1 to Apr. 3'>
133,997
Io7..t90
43,590
45,752
Salt. <Js Ohio Co. L.May 5,840,175 6,242,966 1,807,207 1,473,848
July 1 tt May 31.
61,921,894 59,689,182 21,124,589 19,580,625
Bangor&Aroost'ki Apr.
189,021
177.240
73,2P0
69,252
July 1 to Apr. bo... 1,777,680 1,708,658
6:,0.172
646,608
BellefonteCent..l> May
4.245
4.866
1,297
1,471
23,H46
Jan. 1 to May iti
24,802
7,124
5,999
Brldgt. & Saoo R.b Apr.
2,933
:^83
2.841
d8f.210
July 1 tc Apr. 30...
1",406
37.958
37.291
11.682
uff. R. APlttbB.b Apr.
056,670
551,761
231.917
171.694
July 1 to Apr. 3U... 6,656,695 6,214,936 2,534,699 2,578,288
.

.

Previous

Year.

Year.

24,411
271,236

S
100,582
924,588

74,963
797.405

$
37.890
801,413

109,922
1,261,412

108,873
1,199,024

24.694
317,507

3,649
212,728

282,900
234.300
83,400
July 1 to Apr. 3o.... 3,133,500 2,551,100 1.026.6CO

58,100
843,300

Buaalo&B'squefa.a.Apr.
July 1 to Apr. 80
St N. W.a. Apr.
July 1 to Apr. 3o

S

Earnings.——
$

Canadian Pacifies Apr.

4,229,144 4,061,505 1.531,806 1,412.533
July 1 to Apr. 3u... .41,822,723 37,938,641 12,684,221 11,371,629
Jent.of Georgla.a Apr.
746,478
651,400
161,012
94,610
July 1 tc Apr. 3o
8,620,544 8,068,421 2,340,382 1.941.519
Cent.of N. Jersey.b.Apr.
1,968,166 1,939,308
941,172
906,716
July 1 to Apr. 3o
18,!'60,234 17,870,766 8.868,9S8 7,894,401
Ohatt'n'ga South. aApr.
9.C89
8,403
42 def.2,436
July 1 to Apr. 3o _
100,748
92,616
7,669 def 4,848
Ohesap. & ObJo.b. Apr. 1,673,776 1,641,959
655,326
540,312
July 1 to Apr. 3u... 17,076,335 16,941,866 6,101,643 6,374,647
Ohloago & Alton. a Apr.
786,389
783.172
204,046
170,047
July 1 to Apr. 30.. .10,028,702 9,626,756 3,341,468 3,089,116
Jhlo.Gt. Wesfn.t.Apr.
613.559
629,770
177,191
157,514
July 1 to Apr. bu ..
6,396,724 7,007,206 1,850,880 1,792,327
Chlc.Ind.&Louls.R Apr.
486,923
434,273
173,359
147.040
July 1 to Apr. ao
4,619,104 4,401,200 1,643,136 1,686,235
Ohio. M,& St. P. a Apr.
3,862,3£8 3,626,635
957,318
892,623
July 1 to Apr. 3o. ... 41,742,035 40,93^;700 15,103,613 14,652,'244
Ohic.Ter.Transf b Apr.
128,113
122,783
58,120
40,673
July 1 to Apr. 3u.... 1,263,373 1.305,461
464,434
414,164
Cln. New Qrl. & Tex Pao.— See under Southern Ry. System below.
ai.Oin.Ohl.&St.L.bApr. 1,614,807 1,687,537
268.686
384,936
~
-- 1,086,781
Jan. 1 to Apr. s<j
6,543,670 6,185,194
1,181,285
Peoria<5;J2aB'n..b Apr.
184,846
252,946
1,388
55,428
Jan. 1 to Apr. 3u
887,302
988,983
192,128
224.310
130 or'do ASouth.b.Apr.
441,428
379.820
d3 1,844
d60,04I
July 1 to Apr. cm
6,078,929 4,867.787 dl,3eO,88edl,228,961
Oolum.Newb.A L.b.Apr.
20,585
14,243
2,389
707
193,407
July 1 to Apr. b. ...
196.037
46,740
50.098
Copper Range a Mar.
64,814
32,636
25,413 def.6,663
454,078
July 1 to Mar. 3i
378,011
178,818
114,018
Apr.
Cornwall. a
20,476
6,678
12,288
1.931
68,120
61.810
July 1 to Apr. 80
26,256
17,990
Comw'Utb Leban.b Apr.
80,038
21,306
14,657
10,946
222,740
201,706
94,250
JolT 1 to Apr. iO
91,120
Den.&KloQ'de.b...Apr. 1,311,883 1,249,515
469,477
459.091
14,041,776 13,727,684 5,668,670 5,216,068
July 1 to Apr. 30
()etrolt& Maok'o.sApr.
91,714
91,903
33,166
83.731
820.652
July 1 to Apr. 3o
809,060
254,992
26f,024
211.403
186.253
Oul. So. Sh.&Atl.b.Apr.
62,001
69,617
2,199.620 2,114,411
728,210
July 1 to Apr. so
648,382
Apr. 3,816,689 3,816,263
erie.a
935.088 1,237,423
July ItO Apr. 30. . ..37,261,785 37,2a9,498 9,672,716 9,124,007
4,029
Pairch. & N. East.b Apr.
3,384
2,066
1,698
80,135
32,002
10,314
July 1 to Apr. 30....
8,487
Farmv.dcPowh'n.b Apr.
8,198
8,945
1,086
865
78,051
67,438
6,829 def.3,728
Jtily 1 to Apr. 30....
62,611
Fon.Johnst. & Gl.a.Apr.
66,919
80,876
24.662
592,626
567,747
July 1 to Apr. 30....
279,426
259,708
183,243
154,073
24,668
n.W.& Den. City. bApr.
24.148
614,841
July 1 to Apr. 30 ... 2,107.265 2,169,009
677,067
C:»eorgiaRR.a..
Apr.
201,318
170,900
62,576
20,239
628,296
619,316
July 1 to Apr. 30 ^ 2,092,202 2,090,171
Georgia South. & Florida— See under Southern Ry. System below.
2,267,789 2,307,694
(ir. Trunk of Can... Apr.
880,225
886,190
July Ito Apr. 30.. ..23,469,735 22,680,164 6,699,819 6,t51,660
481,783
451,611
Or. Trunk West. Apr.
108,196
94,410
664,676
892,816
July Ito Apr. 30.... 4,328.662 4,464,934
100,249
79.324
Det.Gr. H.&M11 Apr.
20,489
4,887
340,903
July Ito Apr. 30... 1.236,161 1,036,968
218,200
160,667
145,312
36.202
38,968
Golf & Ship Isl'd.a Apr.
1,547,770 1,683,740
382,996
621,780
July 1 to Apr. 30
126,219
447,568
870,062
88,911
aooking Valley. a. Apr.
July 1 to Apr. 30.... 4,969,066 4,852,621 1,605,042 1,683.578
653,657
Ullnols Central.. .a.Apr. 8,751,192 3,530,378
609,941
July 1 to Apr. 30.... 41,676,877 89,013,847 12,607,494 9,994,160
147,069
164,770
51,568
81,918
Ind. 111. & lowa.a. Jan.
311,029
934,828
187.442
July Ito Jan. 31.... 1,023,141
Interooeanlo Railway of
614.236
855,782
178,639
126.784
Mexico
Apr.
848,907
600,667
Jam 1 to Apr. 30.... 2,193,499 8,134,721
170,363
r 47.3 62
r26,S63
205,320
Iowa Central. a.... Apr.
July Ito Apr. 30 .. 3,153,998 1,999,869 r359,l88 r360,713
137.485
126,401
16,201
24,167
Canawha&mioh.a Apr.
190,777
186,254
July 1 to Apr. bO.... 1,456,769 1,381,651
126,181
602,483
126,654
564,615
Kan. City South. a.. Apr.
July 1 to Apr. 80.... 5,526,932 6,447,694 1.578,462 1,518,219
Lehigh Valley KR. b Apr. 2,688.997 2,591,755 81,079,709 81,070,940
July 1 to Apr. 3o. . 25,506,644 24,572,106 810,079,796 s9,049.356
36,760
14,888
11,790
40,603
Lexlng'n diEast. t>. Apr.
120,940
97,196
428,888
377,887
July 1 to Apr. 3o...
Inc.
94,638
Inc.
94,435
Lionglslandb
Apr.
Inc. 368,713
Inc. 476,501
July 1 to Apr. 3o...
27,809
24.759
65,322
71,640
Lonls'na & Arkan.aApr.
257,865
162.082
573.804
681,432
July 1 to Apr. 30...
?47,804
812,048
8,148,074 2,936.803
LiOUlBv, & Nashv.b Apr.
July 1 to Apr. 30.... 33,145,397 31,218,853 10,519,000 9,931,827
3,844
3.389
34,327
35,964
4Ianlste6<&i No.E.a Apr.
55.06O
160.577
62,995
167.578
Jan. 1 to Apr. 30...
4,460
1,498
7.150
«,560
May
Manlstique.b.
647
4,574
27.847
27.483
Jan. 1 to May 31...
9,421
11,731
28,380
30.174
Maryland & Penn ..Apr.
18,050
13,872
60,951
54,958
Mar. 1 to Apr. 80...
878.328
676.758
o •'^exioan Cent... Apr. 2,270,240 2.347,081
July 1 to Apr. 30 .. 31,418,237 21,562,466 6,887,986 5,269,076
264,421
197,938
597,924
622,308
V Wex. inTftrn>»t'i...Apr.
826.920 1,083,925
Jan. 1 to Apr. 3o... 2,164,773 2,431,782
def.13
2,299
5,S19
7,402
Milieu <&8oathw. a. .Mar.
10,095
48,3C3
4,612
44,956
*imeral Range. b.. Apr.
148,f)4l
51,306
482,200
664,920
July Ito Apr. oO...
v34,448
v57,130
196,287
241,869
Minn.Aat.Louls.a.Apr.
July Ito Apr. 8w.... 2,511,989 2,412.660 vy20,634 v920,460
.

3.

$
Previously rep' 0,39

N. 0.

Heads.

Year.

Xet

Current

.

For the fourth week of May our final statement covers
46 roads, and shows 11*49 per cent inorease in the aggregate
over the same week l»at year.

Alabama

Year.

,

ls_x:x.

—

3,928
16,873
24,712
4,894

.

a Decrease due to a washout.
U Figures are for week ending June

-Ala.

Gross Earnings. —
—Current
Previous

.

Canadian Northern Apr.

43,57-»

165,80
283.8S<
607,00'
26.001

.

Net increase (5*36

64,1C0
1,018,000
166,400

67,83:

Mobile <s Ohio
National BK. of Mexloo.
Bio Grande Southern..
St. lioo la Southwestern

<k

35.33!S
160,7ii7

)3,27.'

& St. Louie
& 8. 8te. M.
lio. Kansae <b Texas
Mo. Paolfio & Iron Mt..
Central Branch. ......
Mob. JaokBon & K. City.
fifinneapollB
Minn. St. P.

Dtereate.

$

3

Wheeling

[Vol.

California

Istreeek of June.

Wabash

,

—

.

.

.

J

—
June

THE CHRONICLE.

17, 1905.]

—

—

,

Qrross Earnings.
Previous
Current

Tear.

$

Roads.

.

.

.Yet Earnings.
Current
Previous

Year.

Year.

Year.

$
474,765

$
249,565

$
17P,769

654,563
M. 3t.P.*8,8.M.b.Apr.
July 1 to Apr. 30.... 7,252,806 5,852,441 3,591,203
256.787
Mo.K»n.*Tex.a...Apr. 1.667,725 1,331,847
July 1 to Apr. 30..., 18,642,912 16,365,797 4,447,600
Mo.Pao.Systera.b. Mar. 3,766,447 3,645,178 1,1.30,478
Jan. 1 to Mar. 3 1.... 9,751,542 10,700,964 1,923,070
Mobile & Ohio— See under Southern Ry. System Delow.
164.751
825,012
829,059
Nash. Ch.&St.L.b.-Apr.
July Ito Apr. 30 ... 8,427,018 8,490,044 2,216,643
321,866
cNat'lRR.ofMey..Apr. 1,005,380 1,018,131
Jan. Ito Apr. 30.... 4,026.134 3,965,626 1,272,377
8,399
14,696
18,117
Nev.-Oal.-OreKon aApr.
80,129
155,597
179,371
July 1 to Apr. 30....
1,720
1,901
3,311
Nevada Central. ..Apr.
10,835
2'S,828
25,658
July Ito Apr. 30....
178,236
534,303
590,554
N. Y. Ont.* n^f^er.aApr
July Ito Apr. 3o.... 5,747,091 5,439.613 1,689,084
101,475
231,998
246,652
H.Y.Sns. AWPSt.aApr.
782,053
July I to Apr. SO ... 2,240,044 2,148,605
809,960
Norlolk&Wesfu.b Apr. 2,098,520 1,909,651
July Ito Apr. 3U.... 19,697,413 18,811,476 7,723,33*
120,654
898,602
858,702
Northern OenrralbApr.
240,762
Jan. 1 to Apr. 30.... 3,105,827 3,083,727
16,S70
4,634
16,692
Ohio River A West Apr.
35,777
165,784
172,900
July 1 to Apr. no....
Pacific :;o»8tr!ompany -SeeMlsoellaneouaCompanleB.

2,766.9t>8

131,321
3,962,419
1,023,679
2,876,773

176,640
2,198,421
345,49S
1,221.816
4.607
56,913
351
4,030
135,144
1,205.170
101,222
829,731
749.316
7,486,192
22*5,754

382,662
4,250
4&,484

Penneyivania—
Llneedirectlyoperated
JE»8tofPlt,ts.<tEApr. 10,855,677 10.368,^77

3,136,579 3,314,179
8,7C9,594 7,799,694
Deo, 140,700
273,900
Inc.
V7eBtofPUt.rt.<ftE Apr.
Inc. 391,700
Inc. 1,613,200
Jan. 1 to Apr. 30....
S25,324
500,924
1,208,673 1,181,973
Phil. Bait. AWash.b Apr.
699,638
775,338
Jan. 1 to Apr. 30 ... 4,467.636 4,130,736
205,196
172,118
620,620
632.566
Apr.
Phlla. & Erle.b
318,356
406,529
Jan. Ito Anr. 3o.... 2,160,430 2,103,838
430,486
427,463
Pltts.0.C.A8T*L.sApr. 2,055.815 2,000.061
Jan. Ito Apr. 3'j.... 8,179,994 7,634,9«0 1,541,658 1.408,360
2,408
1,644
4,336
4,809
Ral6l«;h&3. FfM.r.aApr.
13.630
18,253
42,328
41,078
July 1 to Apr. 3o,...
jJan.

Beading

Ito Apr.

30... 39.397,579 36,311,979

Companv—

.

St. L.

<Si

Ban

&E.

Vt. (inolud.

2,955,991
Apr.
July 1 to Apr. 3o:...32,296,994
730,667
St.LoulB S' west. b. Apr.
July 1 to Apr. so:... 7,487,808
Seaboard Air Llnea Apr. 1,189,044
July 1 to Apr. 3o„.. 11,217,814
105,880
Southern Indian a. b Apr.
July 1 to Apr. 30.... 1,169,896
ISouth. PaO.Co.a..Apr. 8.234,516
July 1 to Apr. 3o....79,305,629
Ohio.

.

^

Ill ).a.

2,622,040
30^832,447
619,111
6.533,126
1,C 92,078
10,663.853
106,034
1,086,897
7,439,616
78,538,177
'

675.488
717,049
10,628,788 9.755.496
80.018
206.849
2,479,710 2,231,633
206,132
347,708
3,321,782 2,681,025
45,402
39.261
472,944
498,737
2,303.402 1,787,401
24,774,546 23,508,165

^S. m.loatTL'i^r
to Apr. .3o....

33.074
248,162
50,790
280.463
539,148
514,635
2.758,386 2,584,034
135,759
145,717
554.083
610.799
Cin.N.O.&T P.aApr.
July 1 to Apr. 30.... 6,093,562 6.584,347 1,425,572 l,.^08,2f)4
32,885
28.460
131,942
133,076
Ga. south. &P)a.« Apr.
369,34W
336,020
July 1 to Apr. 30.... 1,432,714 1,429,849
108,186
165,476
564,748
663,112
Mobile &OMo.a.. Apr.
July 1 to Apr. 30 „.. 6,827,976 6.460,456 2,223,829 2,030,164
681,324
786,447
Southern Rallw.a Apr. 3.819,827 3,521,793
Ju^ 1 to Apr. 30 ...40,465,061 38,127,300 ll,364,7d4 10,528,147
3,950
19,78!>
45,164
61,507
XeiaB Centra' a.... Apr.
179,46V
262,449
658,365
718,366
July 1 to Apr. 3o....
15,183
21,687
220.022
238,845
Toledo (JsO.Ceut.a.Apr.
614,220
738,141
JiSy 1 to Apr. 30 ... 3,180,128 2,987,922
21,826
23,392
104.111
102,388
Tol.Peorla&West.bMay
253.673
226,054
JcQy 1 to May 31... 1,173,000 1,188,673
DnlonPac. 8v8t.*.-Apr. 4,781,682 4.159,027 2,098,965 1,785,774
July 1 to Apr. 3o....49.383,318 46,110,093 23,094,638 20,987.851
12,169
22.725
43,546
68,835
Vlrelnla&So'thw.bApr.
161,296
225,024
611,106
544,204
JtSy 1 to Apr. so"...
379,978
149.750
Apr. 1,795,286 1,794,759
Wabash b.
4.3i4,163
Jrdy ito Apr. bo ...20,901,539 19,106,459 3,707.749
41,954
108.254
814,714
363.614
WJersev&Seftsh.JApr.
64,lt0
108.660
1 to Apr. st ... 1,063:878 1,026,978
94.720
368.041
390,335
Wheel AL.Eri^.b Apr.
J2,022
954.250
717.042
July 1 to Apr. bO ... 3,690;818 3,654.433
1,'717
3.336
12.872
12.329
W'in8T.'rt&No.Kr.iMar.
21,743
87.262
126,419
125;769
ai
...
Mar.
1
to
J^y
179,65-<
183,620
531,360
649.331
Wlaoonsln Cent' i.s Apr.
1,699,7.''7
Jnlv 1 to Apr. ;.0 ... 5,490,220 6,402.651 1,839,717
1,495
xl 0,657
4.976
x: 5,090
Wrlghtsv.&Tenn.bApr.
4iJ,<Si51
62,383
xl65,958 Xl51,302
July 1 to Apr. 30
3,0H4
82,384
660,877
682,994
YnT-oo&MlBB Val.a.Apr.
jSly Ito Apr. 3^:.:. 7,506,438 6,722,120 1,940,890 1,663,060

July 1

-

J^

a Net earnings here given
b Net earnings hera given

cThese figures are In Mexican currency, and are oon<: ertibie luto
70ld at the current rate of exchange.
dNet, after deducting taxes la $60,467 and $41,164 for 1905
and 1904 respectively for April and $1,186,095 and $1,013,343
tor period from July 1 to April 30.
1 Houston & Texas Central and Its subsidiary lines are included.
J These figures Include results on the Buffalo & Allegheny Valley
Division in both years.
k These figures represent 30% of gross earnings.
r For April additional Income is $11,226 this year, agalnet $1,083
From July 1 to April 30 additional income la $46,166 this
last year.
year, against $34,789 last year.
8 Including other Income, total income (exclusive of results of coal
companies) for April is $1,147,569 in 1905, against $1,121,423 in
1904, and for period from July 1 to April 30 is $10,558,270 In 1905,
against $9,504,848 iu 1904. Deductions from total income for additions and Improvements were $168,522 in April, 1905, against $257.666 in 1904, and from July 1 to April 30 were $1,074,301 in 19C5,
against $976,666 in 1904.
V For April additional income is $11,663 this year, against
$6,502 last year. From July 1 to April 30 additional Income 18
$107,322 this year against $105,239 last year.
X Includes $422 "other Income" for April this year, against
$3W2 last year and for period July 1 to April 30 $3,925 this year,
against $4,100 last year.
1905. taxes and rentals amounted to $182,705
t For April,
against $209,344, after deducting -which net for April, 1905,
was $1,936,(49, against $1,933,593. From July 1 to April 30,
1905, net after deducting taxes and rentals is $17,651,160 this year,
against $20,607,101 last year.
Interest Charges and Surplus.—The following roads, iln
addition to their gross and net earnings given in the foregoing, also report charges for interest, «S:c, , with the surplus
above or deficit below these charges.
,

are after deducting taxes.
are before deducting taxes.

Int.,

Rentals,

Current

Yean
$

Roads,

Ann Arbor

Apr.

July 1 to Apr. 30 ..
4tlantlc & Birm
Apr.
July 1 to Apr. 3o ...
Bangor <& Arcost'b.Apr.
j^uly 1 to Apr. 3o
Belief on to

P}lil».&ReartV.^ Apr. 3,320,457 3,258,417 1,875.739 1.443,429
July 1 to Apr. 3v>.... 30,463,680 28,943,104 13,939.496 11,339,346
394,412
262,505
Goal <& Iron Oo ^ Apr. 4,610,^35 4,450,207
July Ito Apr. 30 ..29,721,667 28,877,326 2,053,647 2,533.922
Total both Co.'s.bApr. 7,930.992 7,678,624 1,638.644 1,837.P41
July 1 to Apr. 3u.... 60,175,347 57,820,430 15,993,143 13,873,768
120,459
116,126
Apr
Beading Co.b.
1.168,730 1,179,784
July 1 to Apr. 3»:.
1,754,770 1,958,300
Total all Co.'s.t... Apr
17,161.873 15,053,552
July 1 to Apr. 3o
66,517
63,237
159,927
158.337
Rich. Fred. AFot Apr.
380,913
338,174
July 1 to Apr. SO ... 1,225,709 1,176.757
kll,738
kl2.224
39,129
40,749
Rlo»randeJnnot..Mar,
k52.140
173,804
k47,333
157,779
Dec. 1 to Mar. 3 1....
14,349
12,502
36,651
35,276
BloGrandeBonrti.tApr.
162,593
192,359
385,631
398.831
July 1 to Apr. 3o....
270,342
418,92!)
3,289,652 3,088,339
Boolf Island 8V"t;.a. Apr.
July Ito Apr. 30 ...36,790,722 38,550,649 9,760,429 10,476,482
10,032
21.095
108,212
93,955
St. JOB.&Qd. iBl.b.Apr.
19i,i97
288.986
July 1 to Apr. 30 ... 1,066,207 1,116.967

245S

Cenrral.May

29,978
278,786
16,062
148,099
46,414
465,261

330

etc.

— r-Bal.of Net Earn'gs.—s
,

Previous

Current

Year
$
30,996
296,653

?
*5,456
*298,201

9,167
74.625
45,213
467,438

103.081
26,876
184,911

360

967

Year.

533

Previoits
Year,

$
*16,788
*156,824
8,688
101,264
24,039
179,170
1,111
4.199

Jan. 1 to May 3i....
1,650
1,800
5,474
643
def.753
Brldgt. & 8aco Biv. Apr.
843
def.210
6,430
6,518
July 1 to Apr. 30
5,164
6,975
23,fl65
Butfalo &8'Bgueh..Apr.
*28,945
*23,562
15.570
*«81,092
July 1 to Apr. 30
126,250 *261,978
194,538
California & N W..Apr.
26,933
26.889 def.2,3S9 def.23,240
July 1 to Apr. 30....
270,663
262,588
46,944 def.49.860
322,856
Cent, of N. Jersey.. Apr.
11613.837
327,335
11583,860
July I to Apr. 3o.... 116.072,099 115,210,742 2,786,839 2.683,659
Chicago Qt. WeHt'n.Apr.
cl72,709 cl68,283
4,482 def. 10,769
July 1 to Apr. 3o....cl,719,065cl,635,784
131,815
156,543
Olev.Oln.Uh.ABt.jL Apr.
*93,473
334,328
319,163 *df.64,729
Jan. 1 to Apr. 3o.... 1,306,866 l,279,536*df.l09,551'd{. 134,452
Peoria & East ...Apr.
44,573
10,833
44,£9S *df.43,160
*47,320
Jan. 1 to Apr. 30 ...
179,209
178,390
*14,S44
Uopuer RangB ... Mar.
8,487
16,976 def.15,100
8,437
46,769
July 1 to Mar. 31....
75,937
68,249
102,831
Cornwall &Leban.. Apr.
10.553
8,771
4.099
4,175
50,004
40,348
41,118
53,902
July 1 to Apr. 30...,
';26,048
*149.191
Den. & K. GiM'.in Apr.
tS33,131
t339,723
July 1 to Apr. 3w.... t8,442,427 13,337,147 *2,416,444 *2, 084,869
>ol. 8o.8h. & an.-.Apr.
85,842
88,642 *df.22,531 Mf.28,078
866,416*df.l69,75:=*df. 228,983
910,499
July 1 to Apr. 30 ...
*3.803 dpf.30,258
aeorgla KR
Apr.
a51,093
a52,766
July 1 to Apr. bO.
a 814,419 a5iO,069 *165,093 *167,377
*8,959
'14,742
aulf&ShiplHl
Apr.
26,813
25,192
*313,404
*138,1S6
July 1 to Apr. 3o....
218,223
263,671
*59.459
*16,268
Hocking Valley.. -.Apr.
77,126
69,188
817,881 *1,203,S86 *1, 122,568
July Ito Apr. 3o....
765,434
nillanain.&Ia. Jan28,444
23,124
22,874
9,044
165,182
160,116
145,847
27,326
July 1 to Jan. 31....
* 4.147
Kanawha* Mloh.. Apr.
19,653
20,823 *def.2,600
199,076
205,864 *def.l.98l Mf .13,274
July 1 to Apr. 3o....
11.350
'16,984
'16,092
[.onl8l'na«S! Arkac.Apr.
11,350
'163,157
'30,110
113,500
100,?67
July 1 to Apr. 30 ...
6,409 def.2.828 d6f.3,020
Manistee* No. E. Apr.
6,672
29,724
Jan. \ to Apr. 3o....
26,688
25,636
36,807
7,898
6,546
«arvlana& Ponn..Apr.
3,833
2,876
Mar. 1 to Apr. 3o....
7,667
5,750
10,383
8,122
'747
9,447
9,447 'def.4.630
Mineral Range
Apr.
9i.466
»65,58i'def.42,852
94,947
July 1 to Apr. bO ..
353,687
343,716 def.97,900def.212, 394
Mo. Kan. A Texas. .Apr.
910.031
635,943
July 1 to Apr. 30.... 3,537,4C9 3,326,476
154,3S4
148,942
15,809
22,286
.«ae:iv. Chat. Aat.i.. Apr.'
716,300
697,035
.July 1 to Apr. 3'.>..... 1,500,342 1,501,336
2,141
/ev.-Cal.-Oregon...Apr.
2,162
6,258
2,345
21,541
21,799
58,588
36,114
July 1 to Apr. 3o....
giO,360
gS8,317
109,919
74,784
.M.Y. Ont. & West... Apr.
9eE,e48
630,952
July i to Apr. 3u.... fio25,436 ^574,218
327.538
482,427
463,537
orfolk * We«t'n....Apr.
285,779
July 1 to Apr. 3o.... 3,095,512 2,717,580 4,627,822 4,768,612

Reading —
All ooiapan4e8...Apr.
July 1 to Apr. 3«>

.

aioOrandeJanot..Mar.
Dec. Ito Mar. 31....
<lo<irMijdeaoat)i..Apr.
July 1 to Apr. 3o....

Jo8.&Or.l8l'd..Apr.
July 1 10 Apr. 3o....
Seaboard Air Line.. Apr.
July 1 to Apr. 3o .
Apr.
Texas Central
July 1 to Apr. ao....

St.

X.iledo&OhioOen.Apr.
July 1 to Apr. 3o.
Tol.

Peo.A West.-.May

July 1 to

May

31....

889,2:'0 1,073.036
865,500
883,264
8,655,000 8,852,640 8.506,372 6,200,912
8,333
7,703
3.891
4.030
14,000
21,307
33,333
30,833
17.540
17,833 def.3,907 *def.3,334
*13,889*def.ll,439
180,629
180.406
140 def.8,482
20,955
16,514
26,194
212,792
193.862
338
'94,206 'def.7,884
253,728
215,745
'837,801
'338,014
2,600,107 2,365,763
17,'?05
2,584
2,584
1,366
25,833
236,616
158,634
25,833
38,813'def.l5,04S'def. 16,710
86,811
'3 04,729
'394,738
395,443
374,801
df.1,387
74
28,318
23,213
def.611
254,183 df.38,528
263,582

—

.

.

.

-

11:

..

THE CHRONICLE.

2454
Int.,

,

Rentals,

Current
Year.

Roads.

etc.

— ^Bal, of Net Eam'gs

-

Previou*

Year,

Curr-ent
Year.

$

$

$

$

2.764
2.744
25,421
25,015
July 1 to Mar. 31....
146,200
144,329
Wiaoonsln Central.. Apr.
July Ito Apr. 30... 1.459.746 1,458,995

572
11,841
*40,648
*410,196

Year,

def.1,027
def.3,272
*38,797
*28 1,678

After allowing for other income received.
t These figures are after allowing for other income andf or discount
and exchange. The sum of f 10,000 Is deducted every month from
surplus and placed to credit of Renewal Fund.
T Included in the fixed charges in this fiscal year are expenditures
for renewals, additions and improvements amounting to $80,652 for
April, 1905, against $47,748 in April, 1904, and to $1,360,897 for
period July 1 to April 30 against $543,692 the previous year.
a Charges here include road-rental (paid by lessees) and othei
deductions.
c Charges include Interest on debenture stock.
K These are net charges after allowing for other income received.

Mlscellaneons Companies.
Current

Previous

Year.

Year,

.

Year.

$

Oompaniei.
ti^as Co....

Apr.

Oct 1 to Apr. 30
Cumberland Telephone dc
Telegraph Co. a.. Apr.
Jan. 1 to Apr. 30

Cuyahoga Telep.Oo, Apr.

22,519
225,818

18,284
194,589

381,909
1,496,472
46,396

325,923
1,294,565
83,559

144,994
599,761
20,371

130.265
546,280
13,899

10,503
47,777
22,725

9,023
40.335
18,102

2,313
13.581
8,877

4,168
18,975
4,716

Edison Eleo. Ilium. Co. of
Brockton, Mass.. Apr.
Jan. 1 to Apr. 30....
El Paso Elect. Co... Apr.
Fall River Gas Works
Go
Apr.
July 1 to Apr. 30

Houghton County

Net Earnings.
Previous

Ciirrent
rear.

22,784
271,646

22,878
286,941

4,875
86,209

108,196

15,127
69,338

18.008
60,162

6,765
87.203

5.498
28,186

20,139
208,217
25,614
298.181

18,368
197,745
23,244
274,877

7,765
93,917
17,056
139,381
68,513

6,378

6,427

Jan. 1 to Apr. 30....

Lowell Electric
Corporation

Light
Apr.

July 1 to Apr. 3o
c Mi%xioan Teioph..reb.
Mar. 1 to Feb. :8....
Milwauk. O^asL. Co. May
Jan. 1 to May 31
Minneapolis Oen. Electric Co...
Apr.
55,083
47,467
877,377
501,814
July 1 to Apr. 30
Pacific Coast Co. a. Mar.
452,019
456,715
July 1 to Mar. 31
4,577,100 4,845,796

319.639

79,149
12,402
134.886
57,255
292,687

25,224
297,344
82,626
896,031

20.685
234.724
86,013
811,347

Pocahontas Collieries

Company

18.349
71.188

Apr.

Jan. 1 to Apr. 3o....

United States Telephone
Oo. (Cleveland)... Mar.
Wllkesbarre Oas & Elec-

40,446

85,417

24,975
52,979

Feb.
Jaa. 1 to Feb. 28

tric

16,284

15,261

13,233
29,182

WetkorMo

Marmngi

Ttar

9

A Mil. Elec

May...
Chic. & Oak Park., e May...
Oin. Dayton &To1.Tt March.
Citizens' Ry. <b Ligtn

44,812
69,394
37,674

(Muscatine, Iowa). April

8,70«
47,02S

Chicago

01eve.«k So.W.Tr.Oo. May
Oleve. Palnsv. & E.
April
Detroit United Ry..«i l»twk J'na

16.10'

97.532
12,260

Duluth Street Ry..
istwk J'ne
Bast St. Louis & Su1> May
113,18
Elgin Aurora & Sou. April
35,409

Jan,

Ourretf

Tear

Ttar.

9
31,476
64,137
33,768

>
158,754
340,120
101,261

earnings here given are after deducting taxes.
c Figures given are in Mexican currency.

Interest Charges and Surplus.
Int.,

,

Rentals,

etc.

— ^Bal. of Net Eam'gs.—^
-

Current

Previous

Current

Previous

Year.

Year.

Year.

Year.

$

$

OompaniM.
Cumberland Telephone &
Teleg. Co
Apr.
Jan. 1 to Apr. 3u....

Cuyahoga Telep.Oo Apr.
.

Houghton County El Lt.
(Houghton, Mich Apr.
)

Jan. 1 to Apr. 30
Lowell Electric Light
Corporation
Apr.
July 1 to Apr. so
Minneapolis Gen. Electric Co
Apr.
July 1 tc Apr. 30....

122.429
616,054
8,380

109,604
461,911
3.958

670

1,078
4,859
3,405

1,643
10,901
5,457

3,090
14,716
1,311

3,090

92
842

4,587
83,119

6.335
102,354

2,188
8,761

2,188
8.851

4,577
28,452

3,310
19,335

735
10,852

1,525
13,849

7,030
83,565

4,853
65,300

9,070
95,010

9,489
97,630

16,154
202,334

11,196
137,094

2,680
3,420

288

Pocahontas Collieries

Company

Apr.

to Apr. 30 ...
United States Telephone
Co. (Cleveland)... Mar.

Jan.

1

Wilkesbarre Gas

&

tric

Jan. 1 to Feb. 28....

dl5.845
d68,193

2,504
7,998

9,111

8,594

9,206
18,567

4 Charges include sinking fund and

Land Co
April.
Houghton Co. St. Ry April.
Houston Eleo. St. R> April.
Illinois Traction Oo. May..

26.24-

<!i

IndlanapolisANorth
western Traction.

Intemafl Tract. C<
System (Buffalo)
lacksonville Eleo.C
Kansas City Ry.&L>
Lehigh Val. Trao. C'
Street Ry. Dep...
Electric Light Dei.

March.

Vttkori!

Montreal Street

By

Blnghftuiton

Uoston

&

April.

May..
April.

Ky

Worcester

0»4r'>

May..

frevtOM

Ttar.

Jtar,

8

9

21.12 V
19,780
8M.'i7
126,91 iiu,820 dl, 33,CG0
44,140 28,!S85
128,7 .S8
23,276 21,217
97,277
26.82-1

7.068

7,471

442.58.*>
.•)0e3»

Dal*

VMrrtnt

82,7tfH

May..

Jai%. 1 to Lateit

tear.

Ai.ril.

Cent.. Pfinn. Trmot....

382,000
88,119

32,759

23.184

"I

6S,28«

26,64

45,667 37,790
14,208 13.45!
25,798 22,64*'
18,867 15,l8f)
13,609 12.140
7,784
7,014
194,004 177,27t
454,788 252.96«
42,573 31,001
202,946 186,472

AprU..,

Wayne

orthem Texas Tra<

April....
April....

May

Mty
Northwestern Kiev
Oakland Tract. Coir April....
jlean St. Railway.
April....
Grange Oo. Tractior: April,...
Peeks. L't'g A RR. Co AprU....
Pittsburgh McKeesApril.
port & Greensb'g
.

Union Traoi April.
Rye Co.Gben.— Roadf May..
Light Go's
May..
May..
tiocbester Railway
»ookford Beloit A

Poctsv.

Janes vllle
3t Joseph (Mo.) By
Lt. Heat & Pow. Oo
San Fran. Oakland A
San Jose Ry
Sao Paulo (Brazil
rram. L't & Po. Oo

153,217
89,70S
96,81

132,321
56,995

52.61M
'44,80'i
22,760
20,878
924.487
830,454
986,8 5 1,006,443
154,261
117,999
801,27e
723,723
1

18.945
68,838

13.607
63,064

c^7.080 50,7S>
120,688 1 07,30 y
122.246 107,332
7.87»10,934
7,610
8,619
6,911
8,386

51.46i^

49,108
241,664
211,720

261,728
244.73
689,69
442.99^

;j83,885

S5,85fs

28,866

27,5
33,994

31,103

.

54.M54
26,2(i7

12.467 10,784
16,891 14,469
83,487 27,86
1,882
1,76
146,673 123,170

669,7i2

88,356
62,310
106,059
9,677
679,433

43,58
59.8

129,90
10,2^s^

April.

10,218

9,597

35,289

32,486

May.

60,037

54,271

277,494

253,657

April.

47,412

34,359

170,66^

122.555

97,000 71,93
46,332 40,941
April
Soranton Rallwav.
76,788 66,06i
Seattle Electric Oo.
April
203,424 187,874
South Side Elevated May
139,455 129,18'
Syracuse Rap.Tr Ry April
75,742 69,040
ramna Electric Oo. April
33,716 30,484
Terre Hte.Tr.<&LtOo AprU
46,761 42,044
rol.Bowl.Gr.<lcSo.Tr Mav
28.576 23,09'
Toledo Rys. & Light April
147.189 134.42'
April
Toledo A Western..
17,748 17,98f>
WkJunelO 80,194 48,84N
Toronto Railway ..
Twin City Rap. Trai irhwkMay 182,328 128,528
Un'd Bys.of St. Louie May
e7f 6,887 84l,00h
April
590,50 il 569,G09
United of San Fran
Wash. Alex. A Mt. V April
23.078 23.2U1
YonnjrBtowB Rharor April
43,7631 S7.602

499,600
171,717
278,56779,312
673,6 t
179,88(.'

398,659
158,653
247.904
733,267
672.121
270,630
111,934
165,564

678,07.
63.624
1,090,614

634,640
60,071
9 76,342

Savannah

Elect.

May

Oo April

'

295,67t)

128,96-

1,777,16«

3,295,08
^,231,87
78,06'

16».547

1,683,818
3,336,378
J,l 12,966

78,627
148,233

Spanish silver.
These are results tor properties owned.
a Decrease due to a strike and boycott.
b These are the combined earnings of «11 the oonatituent oompkiilea.
c These are results for main line.
d Figures here are from July 1.
n These earnings Include the Detroit United By., Detroit AFcit
Huron Shore Line and the Sandwich Windsor A Amherstbnrg By.
e Decrease due to the fact that the Louisiana Parohase Exposition
1

was open

last year.

street Railway Net Earnings.—Th ? following table give
the returns of Stbbbt railway gross and net earnings received
this week.
The last general sammary which we famish once
a month, and in which we bring together all the roads from
whloh monthly returns can be procured, was given May
37, the next will be given June 24,
Net Earnings.—^
07'oss Earnings.

Jan. 1 to
July 1 to

I'rn^ut

Burllngt'n (Vt,)lTac May..
Oal. Gas <h Eleotno. April.

.

64,12'

&,

ffor.OhioTr.<lcLt.O<
!f

439,6*7

April...
April...
April...

April...
April...

Muncie Hartford

6,676

105,159
56,535

<*

tflLLt.HeatATr.Oo

West Side Elev
MU.Elec. Ry.d(Lt.C

9,984

103,771
80,33

330.279 3 1 2,70 « 1,276,51
1,209,047
27,76
23.519 104,82^
89,991
385,807 )29,483 1,420,97 1,862,770

Uet.

Hoadt.
Blnghamtos Ry.b.

preferred dividend.

~i~

Albany & Hudson
American K'ys. Oo.l:
Aur, Elgin* Chlc.R

229,366
780,058

April
April
April

March..
May....

Traotio'

27,120
16,91"
32.049
72,614
16.778

•

Lexington Ry
Lima £1. Ry.ALt.Oo May
London St. Ry.(Oaii April...
Af ad. (Wis.)

40,37
84.614
18,067

a2,05ti

Indianap. & East. Ry April.
Indianap.^b Martinsville Rapid Tran.. April.

6,667

4,027
10,625

Lattit Broil Barningi

Oboss

t

Honolulu Rapid Tr

—

7,173

STREET RAILWAYS AND TRACTION COMPANIES.
E^BHIROa.

38,075
188,817
54,79 «

Wayne & Wabash
VaUey Traction,. April
68,808 58,744 266.59Havana Elec. Ry. Co WkJune 11 |39,97H (32,304 1841,06)

ElecFe)».

9
182,413
322,821
95.873

I

Edison Elec. Ilium. Oo. of
Brockton, Mass. Apr.
Jan. 1 to Apr. 8u
£1 Paso Elect. Co... Apr.
Fall River Gas Works
Oo
Apr.
July 1 to Apr. 3o....

20,661
84,369
9,941

22,565
83,707
11,991

Bate

Privioye
Ttar.

31,S38
160,621
53,314
87.04.5 1,944.694 1,725,561
11,38!
261,148
250,431
105, lb4
530 327 478.108
33,425
134,22
135,793
8,126
41.441
14.96

.

a Net

I to liau»i

Pret'ut

Ft.

Ft.

El. Lt.

(Houghton, Mich.) Apr.

Laitit Oroti

ABMIMaS.

*

— Gross Earnings. —

[Vol. lxxx.

GBOU

.

Previous

Wmaport & No. Br. Mar.

Buftalo

b

.
.

75.087
dl.'. 7G,0C1

95,4Z4
88,938

May
May

27,370
322,96 1.712,903 1,202.198
4%. 124
210.806
197.549

.

/

Previous

Current

Previous

Year.

Year,

Year.

Year,

$

May
31
31....

Central Pennsylvania
Traction Co
May
Jan. 1 to May 31
Ohio. A Milw. Elet May
Jan. 1 to May 31
Cleveland & Sonthwest'n
Traction Co. b... May
Jan. 1 to May 81
East St. Louis ASnb. May
Jan. 1 to May 31

$

23,276
97,277
284,906

21,217
88.938
217,126

12,382
42.251
110,006

10,020
38,616
97,612

50.636
210,806
44,212
158,764

45,124
197,549
34.176
122,413

9,781
17,688
23,658
77,005

7.596
10.678
20,703
64,962

47,088
188,817
113,183
680,327

41.441
160,621

478,108

20,775
66.854
66,398
298.222

16,874
40,750
49,675
t37,696

12,056
30,382
40,877
822,787

16,919 def.28,929
86,638 def.48.20S
18,006
32,049
118,621
892,239

6,624
7.738
9,971
83,368

10^134

Hougbton County St. Ry.
(Hancock, Mich.) Apr.

28,979

—

Current

Jan. 1 to Apr. 3U....
Houston Elect. Oo. Apr.
Aug. 1 to Apr. 3o....

—
June

— Gross Earning':. —

-

^

Set Earnings.
Current
Previous

Current

frecious

Year.

Year.

Ytur.

Year.

84,614
439,074

72,614
382,000

$
32,770
183,908

$
32.179
156,744

Sy8tem(BTiffalo)b.Apr.
330.279
Jan. 1 to Apr. 30
1.276.611
July 1 to Apr. 30.... 3.629.240
27,754
Jaokaonv. Eleo. Co. Apr.
Jan. 1 to Apr. 30....
104,826
Lima E eotrlo Kallws*y &
Light Co
.May
18,867
North. Tex. Tract. bMay
57,080
244,731
JaiL 1 to May 31....

313,708
1.20J,047
3,383,812
23,519
89,991

145.174
50i,669
1,608,104
12.810
45,981

96,460
376,486
1,386,474
9.756
33,878

15,185
50,736
211,730
123,170
579,433
1,254.306

158,«53
187,874
733,267
30,484
111,984
42,044
165,664

7.852
27,314
105,059
70,924
299,667
664,767
19,811
68,464
69.300
236,272
13.263
60,598
11,982
51,116

3,077
25,620
89,776
56.227
241.122
669,038
14,937
69.497
56,557
213,284
11.734
46,671
10,4S8
42,822

23,0S6

11,525

7,100

Roads.

Co.a..May

May

3i
International Tract. Co.
Jan. 1 to

Boohester Sy. Co.bMay

145,673
669,703
31.... 1,454,642
July
46.332
Savannah Electric. Apr.
Jan. Ito Apr. 30
171,717
Seattle Electric Co. Apr.
203.424
779,313
Jan. 1 to Apr. 30....
Tampa Elect. Co... Apr.
33,716
Jan. 1 to Apr. 30
128,968
lerre Haute Tr&Lt. Apr.
46,761
Jan. I to Apr. 30....
179,580

May
Ito May

31

Jan. 1 to

Toledo Bowling Green
& Bouth'n Tract.. May

40 841

25,575

a Net earnings here given are after deducting taxes.
bNe!} aarnlngs here fclven are before deducting taxes.
f Deficit due to a strike by the trainmen and a boycott by the trades
unions.

Interest Charges and Surplus.
.

l7it.,

Rentals,

etc.

— ^Bal.
of Net Earn'
Current
Previous

gs.—.

.

Current

Previous

Tear.

Tear.

Tear.

Tear.

$

$

$

$

Roads.

Houghton County St. By.
(Hancock. Mloh.). Apr.
Jan. 1 to Apr. SO

Houston

Elect. Co. Apr.

Aug. 1 to Apr. 30....
International Tract. Co.

System

.

THE CHRONICLE.

17, 1905.]

Illinois Trao.

—

.

3.615
13,951
8,712
75,708

3,447 def.27,544
13,117 def.5r,T56
7.941
6,354
68.922
39,913

Jan. Ito Apr. 3u
638,821
July 1 to Apr. 30.... 1,372,162
aokaonv. Eleo. Co. Apr.
3.016
Jan. 1 to Apr. 30....
12,066
North. Texas Tract. May
11,527
Jan- 1 to May 31....
63,771
Savannah Electric. Apr.
10,554
Jan. 1 to Apr. 30
42,215
24,764
Seattle Electric Co. Apr.
Jan. Ito Apr. oO....
99,641
Tampa Elect. Co. Apr.
1,835
Jan. 1 to Apr. 80....
7,609
Terre Haute Tr&Lt. Apr.
8,744
Jan. 1 to Apr. 30....
36,530

Toledo Bowling Green &
May
Bonthern

2,030
19,443

13:, 704
12,180 def.36,244
583.530 def.34,162 df.l 57,044
1,329,978
235,942
56,499
9.794
3,104
6,652
12,522
33,915
21,396
12.194
15,787
13,426
60,518
51,288
39,258
10,306
9,257
4,631
41.090
26,249
18,407
24,949
84,536
31,608
135,631
95,166
118,038
2.093
11,378
9,641
38,',il9
8,352
42,989
9,177
3,238
1,281
S7,S53
14,586
4,969

135,^94

(Baflalo)..Apr.

2,077
def.5,384

6,495

6,030

2455

FoC&hontas Collieries Co. of Virginia.
fReport /.-r Fiscal Year Ending Dec. 31, 120Jf.)
President Charles S. Thorno, under date of April 25, 1905,
says in substance:
Additions.— NeROtlatlons with the Norfolk & Western Railway and
Its subsidiary land company were ooncladed, and agreemeats entered
Into by which this company acqilred a lease of 1,348 acres additional
coal land, making a total of 9.834 acres now held nnder lease. This
additional property is located at the exlreme western end of th^ property controlled by your company fronting on Laurel Creek, and contalus about 1 3,484,700 tons of ooaL The asreements with the Norfolk
ft Western Railway Oo. provide for the constractlon of a branch road
extending about 10 miles up Laurel Creek from Pocahontas, without
cost to this company, and the management ha; commenced work on
one of three new coal operations which will be installed on this road
to develop the large territory now controlled. The whole acreage now
leased and unmlned contains about 80.000.000 tons of coa'.
ExcHAKQB OF 8ECUBITIE8.— When the Pocahontas Collieries Cj. of

New

was organized

In 1902, It acctnlred the entire capital stock
pledged as collateral for an issue of trust
bonds, with the understanding that when It became feasible this company would retire these trust bonds by an issue of llrst mortgage
bonds. This has now been aooomplished and the securities of this
company have been issued in retirement of the securities of the Pocahontas Collieries Co. of New Jersey.
PbesentChaboes.— The annual fixed charges Include $62,500 bond
Interest, and with the sinking faod and preferred stock dividend,
aggregate $173.C00. The taxes and unusual legal expenses Incurred
In the negotiations with the railway company and In the conversion
of the securities of the New Jersey company were in addition to this
amonnt last year, and a saving of at least $5,000 per annum in expenses of this char.*oter will result by dispensing with the holding
.lereey

of this

company, which

It

company.
Operations.— The prices for coal and coke were not as high as daring the previous year, but, notwithstanding the keen oompetltlon, the
management was enabled to maintain Its prices on a biisis that has
permitted the payment of all fixed charges, of dividends on preferred
stock and an increase of Invested surpias. The conditions of the coal
business, which have been somewhat distuibad since the middle of
last year, hive now become more settled, and a good demand for coal
is Indicated at prices in advance of those obtained for the year 1904.
The steel tipple for the Baby Mine has been oomplettd. tndthis
with the other improvements at the Pocahontas mines, has materially
added to the capacity of the plant, and will admit of handling an output in excess of 1,UOO,000 tons per annum as soon as the doubletracking nndertaken several years ago by the Norfolk & Western
Railway Co. has been completed.

The folJowing is a condensed statement of the output, shipments and earnings for the past three years:
1902.

1903.

653.628
477,006
87,542

763.604
550,720
112,894

808,276
622,397
105,589

$259,211

$528,713

'^^:^^:::::::::"-:::-:::v\^^

_7M5o

$289,817
5 71,719

Coal output, net tons
Coal shipments, net tons
Coke ehlpments, net tons
Total earnings

1904.

U4,534

Net earnings
$190,931
$452,063
$203,564
Deduct dividends paid to Pocahontas OolUeriea Co. of New
Jersey for 10 months to Nov Ist. 1904, including amount
of boni interest, sinking fund and preferred dividends on
the securities of that company
152,400
Balance
$51,164
Deduct accrned fix^d charges on new secorities of this company for two months from Nov, Ist, as follows:
Interest on $1,250,000 bonds
„ $10,417
Dividend on $i,5cO,000 preferred stock
15,000
3 cents per ton for sinking fond
8,728

ANNUAL REPORTS.

29,145

Net surplus foryear

Annual Reports.—The following
reports of steam railroads, street

an index to all annual
railways and miscellaneous
ia

companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Full index for last quarter was in V. 80, p. 1475.
This index does not include reports in to-day's Chronicle.

Sections.

Railroads,

btc—

Page.

1910
Alaska Packers' Association
AmalKamated Copper (statement,

with balance sheet Apr. 29)
Beet Sugar

American
American
American
American

2394
1911.

Can

1726

234*
Ptpe Mfg
32 17
School Furniture
Anier. Waltham (bal. Bh. Mar. 31).2343

BeU Telepnone

2395
of Buffalo
2395
Bell lelephoce of Canada
Bell Telephone of Philadelphia... 2395
1853
Brooklyn Dnion Gas
185fl
Brush tlec. Ilium. Co.. N. Y
1727
ButterickCo
Cent. Dist. ft Print. Teleg.. Plttsb 23B5
Telegraph..
.1727
Amer.
Central ft So.
1865
Central Union Gas Co n . Y
.

.

Chesapeake ft Potomac Teleph....23«8
..
1970
Chicago Edison.
1911
Cleveland Akron & Columbus
Colo. Fuel ft Ircn (statement to
172«
N. Y. Stock Exchange)
^396
Colorado Telephone
234a
Col. & Hocking Coal ft Iron

Commonwealth

Klect., Chicago... 197u
Consol. Gas Co. of New York..fcM. 1910
2342
Conso Idated Rubber Tire
1H63
Corn Products
V39«
Cumberland Teleph. ft Teleg
"399
Denver ft Rio Grande
234'<i
Electric C(i. of America
2218
General Asphalt
General Electric
1726. 1785
Gottlieb- Baucruschmldt-Strauss
1974
Brewing
1909
Grand Trunk Ry. of Canada
2347
Great Lak. 8 Towing
:

Hudson RiVPT Telephone
& Br. Top Mm. RR.

Hunt.

Internatiunal Nickel

239f'.

ft

Coal. 1724
2216

Kansas City So. (circular by man1921
agement)
Kings Co. Elec. Light & Power.... i^aiH
1862
Lake Shore & Mich. Southern
Mexican International
1869, 1B7H
IVl

ezican Tel eg raph

1727

l>-52
Michigan Central
289e
Missouri & Kansas Telephone
201
Montreal Light Heat ft Power
180S. 1917
National RR. of Mexico
.

Railroads.

Btc—

Page.

Nebraska Telephone
2397
New Amsterdam Gas
1865
New England Teleph. & Teleg
23»7
New York Chic, ft St. Louis
1853
New Yirk Edison
1866
New York Mutual Gas Light
1855
Northern Pacific (bal. sh. Feb. Sr*). 1853
Northern Union Gas
l>-55
Oregon Short Line (t)al.8h.Jan.31).1969
Pacific Mail Steambhlp
2341
Pacific States Teleph.

2.SH7
ft Teleg
Penusylvatia Telephone.
2397
Pittsburgh Oil & Gas
23il
Pittsburgh Coal (statement to
N. Y. Siock Exchange)
1919
Safety Car Heatlr.g a Lighting ...2218
Southern New England Teleph.... 2398
1>«65
Standard Gas Light Co.. N. Y..
Tennessee Coal, Iron & RR..1970. 2217

United Copper
2395
United Elec. Light ft P.,wer, N. Y 18o«
United Gas Improvement
185f, iSii
United Shoe MJachinery
1922
U. S. Realty ft Iiupt. (10 mo».)
2340
United States Rubber
11-69
United States Steel Corp. (3 mos.
to Mar. 31)
1725
Wesieru Telephone ft Telegraph.. 239:)

Total invested surplus Dec. 31st, 1904

Callfdrua Gas ft Elec ric Corp ...1910
Capital Traction (Wash.. I). C). ...1360
Chicago City
869
Chic, ft Oak Park Kiev. (6 mos.)... .1171
Consul. Ry., Cont. (balance sheet
Mar. I, 1908)
1910
East St. Louis ft Suburban
871
In erst ate Kitllways
1172.
Loui.sville Ky
9v4
Me irop. West Side Eiev
1421
Muskegon I'raction ft Lighting .1 35
PhiladelphlaC •. of Pitiab.. .Ie53, 18oW
.

Pittsburgh Itailwuys
IHtU
Sao Paulo TraOiW^iv Lt. ft Power. .1969
Twin City Rapid Transit
123;<
United Railroads of San Kran
1857
United Rys. ft Elec. Baltimore... 1725
United Rys. of St. Louis
1054
United Rys. Investment Co. of
San Francisco. ..
1909
WasLingtOL- RaUway ft Electric... 1232

$535,004

BALANCE SHEET OF DEC. 31ST, 1904.
Assets

—

Liabilities

Cash in banks
Accounts receivable
Store goods & supplies.
SlDklDsr fund for bonds.

$51,616
48,030
80,979
56,023

. .

Real estate
Leasehcld rights

1,667,581

and

mines

3,050.000
237,«25
Coal equipment
558,344
Coke plant A equlp't...
502,115
Power plant
74,527
Boissevain pant (new
oper. on Laurel C'k)..
7,821
Pocahontas Inn prop'iy
24,684
Pocahontas Light Sb
Water Co. stock
150,000
Buildings

&

land imps.

Total assets

y$6,453,322

Preferred stock (6 p. o.
cumulative)
$1,500,000
Common stock
3,000,000
1st mere. 5 p. c. gold
bonds
1,250,000
Bills payable
43,438
Wages payable
16.964
Royalties payable
18,171
Mlscell. aocts. payable.
(50.600
Aoor'd divs on pref. stk.
15.000
Acor'd int. on bonds....
10.417
Accrued sinking fund..
3,728
Surplus D£ c. 3 1 , 1904
53 5,004
.

Total liabilities and
surplus
$6,453,322

y After deducting sinking fund depreciation, $56,023.— V. 80, p.
1487, 226.

American Caramel Company.

.

Stkbkt Railways.—

$22,019

Aa

(Report for Fiscal Year Ending Dec, SI, 1904.J
cf&cial statemeat for 1904 permits the following com-

parison:

Net income

DductIiitereet

and premium on bonds

Written

cfi

1903.

1902.

$165,043

$177,700

$26,705

$27,897
1,592
0,000

$29,751
1,592
8u,000
45,000

$55,552

$21,356

l,58t>

K p. c. on preferred stock
41s p. c. on common stock

Neteurplus.

80,000

SHEET DEC.

1904.
1903.
$
t
Plant, franch's. ftc. 2,369.908 2,381.726
Prepaid insurance..
4,ai7
i;z'i

A utts—

Accounts receivable 56.!3ii
.Materials, &c
111,279
Orginlzatlon exp
Stocks and bonds..
Hum., Uitures, ftc...

89,648
11.091

Cash

4t<.795

.

.

1

Total
80. p. 1S«4.

1

$95,179

,

B.4.LANCE

-V.

1904.
$203,471

l.BHt)

71, Mis
lit, IMS

3.173

31.

1K04.
1903.
Liabilities—
$
%
Common stock ....J,oO",000 l.Oi.O.OOO
1,010,000 1.0 O.'jOO
Preferred stock
Bond account
400,000
400,000

Accounts

payable,

accrued i(t.,&c...
ProfltandlOBS

li,249
278,464

16,489
193,805

48.32*

2.690.713 2.60 ,294

Total

A690,713 2,600,294

J

1

.

THE CHRONICLE

2456

Montreal (Qae.) Light, fleat & Power Company,
{Report fi. r Fiscal Ft ar Ending April 30, 1905 J
General Results.— There hare beea declared oat of thi net profits
f GUI quarterly dlvldeads of 1 per cent each, amouiitlnK to $680,000,
leaving a balance of $448,785*, which, added to.tho enrp'.usof $38"',100
bronght forward, brings the surplus to $833,889, out of which the folComlDgent account,
lowing appropriations, have been made, t'.z
$150,0C0 (for depreclallon, eto.); insurance account, $80,399. Both
these accounts have been establi'.hod during the year.
During the year 463 electric meters were installed; and 936 electric
customers, representing 24,842 Inoandesoeat and 86 street arc lamps,
and f 3 motors, equivalent to 4,793 h. p., were added to the company's
circuits. Thsre were also Installed -i.soo gas metero, 2,304 gaa stoves
and 1,557 new gas services, and 26 47 miles of n£w mains and servlOPB were laid. Oc Anril 30 there were connected over 55,000 gas and
el<^ctrlo meterp, and The prospeota were most favoiable.
Bonds.— There have been Issued $317,000 of 4ifi p. c. loads to pay
for exieQ8ion3 in the gas aad electric deparcments and lor redemp:

tion of bonds of sub&lcliary campanles.
Additioxs.— A controlling plant was Installed at the Hoohelaga Gas
of over 3 miles In length was laid to the
Works, and a larsre supply
Ottawa Street Works tJ supplement the supply of gas daring the
hours of heaviest consumption. With a view to extendini: coke sales
for domestic uges, we proposs Instalilng a coke-brlqueiting plant at
gas works during the coming year. There are under ojnstraction two
new (tire-proof) elyctrio distributing stations of 10.000 H. P. capacity
each, one to supply the east end and the other the north esd of city.
PUHCHABE Your directors acquired by purchase the Provincial
Light, Heat <fe Power Oo., which controls for the Provlaoe of Quebec
the St. Lawrence Power Oo., Limited, and owns the Jights to all the
surplus water of the Soulanges Canal, and it Is the Intention to utilize
the power from this source as soon as conditions warrant.
New C'oxtkact.— We have entered into a 25-year contract with the
Montreal S.rest Railway Co. for an additional 7,000 H. P. of electric
P. of which is to be supplied by the first of July
current, 4,000
next and the balance as the Railway Company may require same.
EABNIN08, EXPENSES AND CHABOES YEARS ENDING APRIL 30.
1902.
1905.
1904.
1903.

mam

—

H

OroBsearnings
Expenses

$2,901,265 $2,589,447 $1,937,560 $1,760,285
939,068
1,302,122
1,243,687
1,036,688

[

output. The magnitude of the company is evidenced in the
foilowirg list of ghoe machinery and eyelet companies of
which it has absolute control:
United Shoe Mach. Co. of Can.
Deutsche Vereinlgte
SohumaUn. Shoe Mach. Co. de France.
sohinen OHsellFOhaft.
United Shoe Machine Co. o! Me.
Cons. <fe M.Kay Last Machine Co.
British United Shoe Ma.oh. Co.
McKay Shoe Machine Co.
Efipler Welt Machine Co.
Davej- Petrging Machine Co.
I'iternat'l Eopler Welt Maeh. Co.
Boot & Shoo Sole Laying Co.
Boston Liat^tlng MachlLC Co.
Corrngated Wire L isting Co.
Gem Flexible Ineole Co.
Goddn Sons Metal Fast. Co.
Seaver Process Lasting Co.
Amaz»en Maoblne f^o.
Un, XPedlte Flninh. Co. or Me.
Eppl«r Turn Shoe Machine.
Bootou Fast Color Eyelet Co.
Enamel Eyelet Co.
United Fast Color Eyelet Co.
O. A. Miller Treeing Machine Co.
Rhodes
J. C.
& Co.
Power Eyeletting Machine Co.
Nat. Fast Color Ejelet Co.
Ua. Fast Color Eyelet, Ut, Brit.
8. O.

$900,872
$182,205
679,334

^821,217
$91,495
587,9e9

$i0»,014

$3e,'J3S

$141,733

Surplus

$448,789

BALANCE SHEET APRIL

New

90,f-31

148,9C>7

Accrued

iOi.Wb

850,438
171,231
19,93«
52.2i6
19,087

Bank

B. 4 Sm.-V. Co.
suspense account

1*5,863
iO,«»i
30,251
22,391

..

Cash
Total
-v. 80, p. 2401.

8.

iJlvs.

27,7

Kansas City (Mo.) Gas Company.
f Statement for Fiscal Year Ending April SO,

1L7,718

loans
unclaimed...

2t!.oao

h,44J
i:o.ooa

15

1,107,581
7,^29

no,ouo

100,1.00

150,000
603,190

3:5.10

J

.26,':41,512 26,810,410

Total.

Barney & Smitfi Car Co.
(Report fof Fi&cal Year Ending March SI, 19C5 )
The reealte for five years compare as below:
fitcal
Tear.
1904-05...
1903-04...

Bad

Net.
profits.

l(£

INCOME ACCOUNT.
1905.

Net earnings
$428,117
Interest on 5 p.O.bonds 204,638
Sarplas

....$223,479

$18i/,3a2

$67,245

633,553
568,261
399,993
37«,192

S.750

1902-0;^...

190102...
19C0-01...

Asstts —
Beal estate,

$60,000
eO.uOO
60,000
60,000

26
380
t;o,ooo
BALANCE SHEET MARCH

16C5.

1904.

$
plant,

Improvements, &c.3.7E0,C00 .',775,000
Merch'dise n band.l,30i,0»3 1,036,269
Mllltown saw-miUs i
and timber lands.. 312.23S
'

I

«47,«n2 1.182,367
!iE4,13«
469,- 6?
47,120
4tf,4T0

Bills receivable

Accounts receivable
Casn
Total assets

—V. 80,

31.

190 -.
190t.
lAabiliHea—
S
$
Pref. stock
2, 500.-00 2,500,000
,ooa,ooj
Comm^^n stock
1
l.OJO.COO
First mort. bunds... ,OUU,000 l.OO'i.COO
Bills payable
0^7,528
565.SJ7fi
63,250
Savings fund
56,6-1

Bond

iuterest.

16,000

.

.

Profit

and

Total

6,612,515 6,512,763

loss.

.

15,00u

3f-4,534
205.988
l'6a,s05 1,109,119

.Accounts payable.
.

liabilities..

617,515 6,513,763

p. 1237.

United Shoe Machinery Co,
fReport for Fiscal lear Ending Mar. 1, 19C5.J
At the annual meetiug on Monday President Winalow
said: '• During the past fiscal year both the domestic and

shown a very satisfactory increase. The
number tf machines out under lease in this country
March 1, 1905, was 43,lb6, being an increase for year of 8,031."

foreign buainees has
total

EABNINQ8 AND DIVIDENDS.
1804-05.

Net earningif
Earned ou oona.

$3,038,352
stock. (2*-7 p.

1903-04.
$2,802,792

(205

c.)

Dividends paid—

On
On

ooninac n. 8 p. c...

P.O.)

1902-03.
$2,722,^:11
(19 8 p c.)

$i, 606,872
(18-7 p. 0.)

1901-02.

$857,648
59G,190

$857,648
.59 f, 190

$3.°,7,648

$357,644

596, l»0

.)06,lS?O

Balance, snrplns. $1,584,514
Total Burp. end year. $6,710,000

$l,c4-,954
$5,12f^399

$1,268,493
$3,777,445

$1,153,038
$2,509,825

pielerred, 6

p. 0..

BALANCE SHEET MABCH
19.5.
%

Auet»—
Real estate

Machinery
Stock In process..
<:ash

and

Patent

: .562,1 67
1,339,(133
2,1-30.872

debts.... 5,021.055

rljjhls

10;.,000

$
829,823

Total

3I.ft26

$

1901.

s

..20.e67,efi4 20,657.894
lOW.fl90
SfiO.Hie
6,710,914 5.126.3,*9

l,40d.51u

Accounts payable.
i?urplUB.

Depreciation machlnery reserve.

246,:63

232,357

1905.

1904.

$
9,317,893

S
9.214.275
122.000

Materials, etc
Gas stove, special.

148,422

103,549

Cash

263,843
13S,891
21,960

AsueU

—

Plant, etc

Total

2i,02S,5«l 26.417,466

CONTROLLED COMPANIES

The
Boston News Bureau
«*y8: "The United Shoe
M
u*
^
Machinery
Co. is now in absolute control of tl e foreign
.

machinery business as

la

shoe

it id

in the

..

Accts. receivable.
Investuient accts.
Ins Ac.pd. In adv.
Sinking fund.. ....

Total
-V. 78, p. 2445.

i'45

United States,

this country comprising 98 p.

c.

33,1?3
9S,600

1,0:h

"iV050

615,050

513,634

10,537, 438 10,086,281

1902.

$204,428
197,100

$175,655

$189,829

fl07,S28

1906.
1904.
$
$
p,ooo,ooo
Stock
5.000.000
Bonds
4.250,000 4,087,000
Accts. payable.
54,(104
84,909
Accrued accounts.
39.207
Sinkins: fund accretions
90,050
63,624
Undlv'd profits.... 1,074,177
850,698
Liabilities—

Total

10,507,433 10.086,281

GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Altoona & Lfgan Yalley Electric Railway Co. —Culled
ffonds.— This company, controlled by the American Railways
of Piiiladelphia, has called for redemption on July 1, at
05 and interest, its entire issue of |470,500 divisional 1st
TXiortgage 5 p. c. bonds; payment will be made at the First
National Biink of Altooca or Cassatt
Co,, Philadelphia,
Pa, Upon the retirement of these bonds, the i}4 P- c- bonds
wUl be a 1st mortgage upon the entire railway system of
Aitoona, ttc, and the electric light plant at Tyrone. The
-American Railways Co. guarantees the principal and inter'b'. of these 4}4 p. c, bonds.— V. 80, p. 710, 649.
American Railways Co., Pliiladelphia.— CaJ/ed Bonds.—
See Aitoona & Logan Valley Electric Ry. above.— V. 80,

Co

p. 2219.

Ann Arbor RR.— <Sai3.— See Detroit Toledo & Ironton RR,
below.— "'^. 80, p. 1970, 1478.
Atchison Topeka & St^nta f e. Rj.—New General Manager.
James E. Hurley, previously General Manager of the Eastrn Grand Division, was on May 1 made General Manager
of the system.— V. 80, p. 1362, 1057.
AUaatie Cosst Electric RR. (Lcng^ BrancU, Etc., N. J.)—
/'.?cis;on.— The United States Circuit Court of Appeals at
Poiladelphia, on Monday, afiBrmed the decision of Judge
Lnnning ordering the foreclosure of the property under the
$100,000 general mortgage of 1896. The finding of the lower
c nrt, however, nolding that the Asbury Park & Sea Girt
RR.

stock is subject to the prior lien, in its individual cap>»city of the guaranty co. uuaer the loan by the latter to
tb) Atl. Coast Elec. RR,, is revPTJied. Compare V, 79, p.
78->.
date of sale has yet been fixdd.— V. 79, p. 1265.

No

Augu&t.i Soatliein RR.~ B.nd$ Author iz d.—The shareb Iders on June 12 voted to issue $i 00,000 second mortgage
b rnds, $40,000, it la said, to fuud floating debt and the remainder for improvements. See V. 80, p. 2219.
.KiAltlmore & Otoio RR.— rzwc/iase.— See Washington Count> RR. below.— V. 8^ p. 2343, 1911.
New Mortgage.— A goU'
Bjjiugor Railway & Electric
Bf.iioated mortgage has been madato theGnaranty Trusn Co.,
N tv York, truistde, to secure Dot exceeding $9,000,COO of 5
gold bonds, of which 1800,000 are ontstfmding.
IK
iheae bonds are dated April 1, 1905; denomination, $1,000 and
SiSOO; principal payable In l»i;5, but Hulgeot.to call at I07ifl at 60 days
lOUce; Interust payable Jaly 1 and Jan. 1 at New York and Bangor.
OI the authorized isaue $725,000 bonds Is rererved to retire $'>00,000
b >mls of the Public Works Co. and $i2."i,000 bonds of the Bangor
Oiono & Old Town. Total length of track, inoludlnR second tra«k and
Mdluga, 34-4 nalles. Presldtnt, John R. Graham; Vice Pr( sldent,
Frnnk SlUlman Jr Secretary, Geo. T. Sewall; Treasurer, P. D. Oliver.
UedliivgtO/n & NeLoa Railway.— aforig^j/e.— Toe shareholders will vote at Kaslo, British Columbia, on June 28, on
authorizing a mortgage to The Stock Conversion & Investmeijt Trcst, L'mited, upcn all the railway, »nd undertaking
to tnrther secure mortgage bondd for |720,0]0 which have
bten already issued, and inter«Bt from O^t. 6, 18J8. Robert
Irving is President and W. H. Fortier, Secretary.

He—

;

337,13i

28,025.561 2'».417,40'i

1903.

$386,943
197,114

BALANCE SHEET, APRIL 30TH.

''..

1905.

Liabilities—
Caplfil stock..

2.617,4fl0
4,349, i<«8
4'JO,OOJ

Leased machinery,
stock and bonds
of other corapa'8.l6,720,(;08 18,476,541
ailncellaneuus

1.

19P4.

1904.

$373,534
197,979

&

Dividend Balance,
surpltis.
on pre/.
$200,000 def.$i4t>,9l4
373,653
200.000
302,511
200,000
139,867
200,0jO
147,812
200,000

d:bts
Interest
miic.
on bonds.

1905.

The income accounts for four years past and the balance
sbett April 80, 1904 and 1905, follow:

2l«,6e6
28,044
88,«97

92

interest..

Dlv.May

& Stud

,

6S*,212

Insurance account.
Contingent acct...
Sarplus

26,511,512 26,810,410

%
00 17,010,000
T.'iSS,! 00

Oo. Of Connectioat.

04u000
sbe.oio

Customers' aep...

recelv'le

Stores
Coke, tar, etc
Gas stoves

%
17,oco,

Bands ontstandlng
Cbambly plant. ..
Accounts payable.

2 137,8/2
682,000

St.

Accouncs

Lf abilities—
Capital stock

4,000

construction.. 2,65y,127

1£04.

1905.

Assets—
t
$
BtookB, bonds and
int. In other cos .2?.23H,C92 2S .02-',7ie

Bonds unsold

SO.

1904.

1905.

& C.

Also owns a third interest in the Tubular Rivet
Co a very prosperous concern.
Compare plan V, 80, p. 1863, 1922.

Treasury bonds...

Net revenue
$1,599,143 $1,345,760
Int. on bonds Sloans. $470,354
$461,746
Dividends paid (4%).
680,000
680,0110

Vol. lxxx.

monopoly
of the shoe machinery
its

—
June

THE CHRONICLE.

17, 1905. j

Berkshire

KR.—Conaolidation

Approved.—The Massa-

chueetts Railroad Commission has approved the proposed
consolidation.— V. 80, p. 2219.
Birmlngbam Sheffl Id & Tennessee Riyer Rj.—Deci ion
special jary on the re-trial of the action against the reorganization committee, before Justice Trnax in the Supreme Court in this city on Jane 14, rendered a verdict
against the defendants for $336,750. Compare V. 80, p. 710,
677, and remarks on page 2424 of to- day's Chronicle
Canada Sonthern Uj.—Ttmnel Planned.— R-speoting the
two-mile tnnnel which this company and the Michigan Central are preparing to build under the Detroit River, Treasurer
Charles F. Cox on June 8 said:
Tlie necessary steps were taken to-day for the formation of the
Detroit River Tannel Co,, which will oonstruot the tunnel. This new
company will be a consolidation of two companies Incorporated soms
years ago, in Michigan and Canada, lor this ssme purpose. We will
spend from $8,000,000 to $10,000,000 in putting in th« double tunnel
under the Detroit River. The bnildlng of the tunnel will begin about
Oct. 1 next, and it will take about three years to complete It. During
that time the work of double-tracking the Michigan Central from
Chicago to BuAFaIo will be completed.
The tunnel will be owned by the Michigan Central and
the Canada Southern, and the money for its construction will
be obtained by an issue of guaranteed bonds. V. 80, p.

—A

—

The
R.iilroad Commission.
4, 1899, and on May 16, 1905,
increased its authorized capital stock from $'00,000 to $375,000, all common; par of shares, $100,
The charter, as recently amended, permits the company to build from a poiat
on Red River,
Wilbarger County, Texas, southerly to a
connection with the San Antonio
Aransas Pa^B RR. at or
near Comfort. Grading has been completed from Llano to
Fredericksburg, Texas, 48 miles, and is in progress from Abilene to Haskell, Tex., 52m., the present intention being to build
the road from Washburn, Tex is, connecting with the Fort
Worth
Denver City and Atchison Topeka
Sdinta Fe and
Rock Island, to San Antonio, a distance of 4iJ0 miles. The
directors are:
Morris R. Locke, President; J. H. Parramore, O. W. Merchant, C. 9.
Baes, R. Q. Anderson, F. C. Dlgby Roberts. J. C. Lowdon, J. M. Duogherty and Fred. Cockrell. General olHoes, Abilene, Texas.
The San Saba Construction Co,, J. E. Gillespie, Preeident,
No. 20 Broad St., Naw York, has the general contract.
ing to be made by the Texas
company was incorporated Dec.

m

p. 1174, 998.

Carrabelle Tallahassee & Georgia RR —Forecloure.— The
Savannah Trust Co. has begun suit in the United States Cir-

Northern District of Fiorida to foreclose
the mortgage preparatory, no doubt, to the merging of the
Alabama.— V. 78, p. 1648.
road with the Georgia Fiorida
Central of Georgia Uj.— Extensions— Standard Oauging.—
An officer of the company writes :
The Greenville & Newnan RR. Co. was incorporated in Georgia on
May 20, 1805, to build and operate a 25-mile railway from Greenville
to Newnan, both In Georgia. The Central of Georgia Ry. Co. expects
to build this line, but no formal action has yei been taken; the ijurvey
has not been completed. The plan cont^oiplateB broadening the gauge
of the narrow-gauge railroad from Columbus, Ga., to Greenville, 49
miles, formerly kaown as the Columbus & Rome RR., and now belonging to Central of Georgia. A contract has also been made by the
Tunnel Coal Co. with Meesrs. Redmond & Gsibbett for a branch from
our Henry Ellen Spur, near Leeds, Alabama, into the ooal lands of the
Tunnel Coal Co., [about lO^a mUes.— V. 80, p. 1110, 221.
Charleston & SammerTille Electric Ry., South Carolina.
—New Enterpriae— Mortgage. This company, incorporated in
South Carolina last February, Its capital stock being 5(100, 030,
since increased to |1, 000,000, has made a mortgage to the
Kaiokerbocker Trust Co. of New York, trustee, to secure
$1,000,000 of 5 p. c. gold bonds of § ,000 each. The road
will run from Charleston to Summerville, 25 miles. Construction has begun.
The bonds are dated March 1, 1905, and are due April 1. 1935, but
subjaot to call on any interest date at 110 and interest; interest payable Got. 1 and April 1 at office of trustee amount outstanding,
$750,000 reserved for extension, equipment and Improvements,
cuit Court, for the

&

—

&

Consolidated Railway, Conneetifut, Etc.- 5 nd^ OJered.

—Lee, Higglnson

& Co,

are offering the $1,000,000 of 'd^

p

c.

bonds issued for the purchase of the Berkshire Street Ry.
(See V. 80, p 471, 221.)-V. 80, p. 1911, 1910.

Delaware & Bound Brook

RR

B

Refunding

nd

—

Bids

for the $1,800,000 new first mortgage 33^ p. c. bonds, due
Aug. 1, 1955, were received on Thursday. This issue, refunding the entire indebtedness, wiil save the Reading, as lessee,
|54,0C0 annually.— V. 80, p. 172?.

Detroit Southern RR.—Li4iig of Reorganization Certifica^es—The Naw York Stock Exchange has listed engraved
voting trust
of $6,459,300 preferred stock and
stock, with power to list up to $6,500,000
487,000 common, See Detroit Toledo
-V. 80, p. 2844, 1971.
certificates of deposit for

certificates
$^, 506, 800

10 the

common

amount

preferred and $10,-

& Ironton Ry.

bejoisv.

& Ironton RR.—N}tes.—The control of the
has been sold by Radoiph Kleybolfe & Co.
for $5,500,010 to the Detroit Toledo & Ironton.
The sellers
receive $5,500,000 of the latter comoany's 33^-year 5 per cent
aotes of $1,000 each, dated June 1, United States Mortgage &
Trust Co., trustee. The notes are secured by 80,000 shares of
Ann Arbor preferred stock, 21,900 shares of common stock
and $5,000,000 Detroit Toledo & Ironton consol. bonds. The
notes may be issued to a further amount of $1, 500,^^00 to acquire the remainder of the Ann Arbor stock. The latter
company maintains its identity pending the payment of the
notes, the two properties being further allied by a traffic
agreement.—V. 80, p. 2399, 2344.
Detroit Toledo

Aon Arbor RR.

& Powhatan (Narrow Gauge) RR.—Sold.—

Farmville

the foreclosure sale on June 7 the property was bid in for
1125,000 by William M. Habliston (President of National
Bank of Virginia and Broad St. Bank, both of Richmond,
Va.) and associates.— V. 80, p. 1912, 1234.
Georgia Florida & Alabama Ry.— See Carrabelle Tallahassee
Georgia RR. above.— V. 80, p. 222.
Grand Trank Pacific Ry.— Listed in London,— The London Stock Exchange has listed scrip for £^,230,000 3 p. c.
A.t

&

first

mortgage sterling bonds (principal and interest guaranGovernment of the Dominion of Canada). See

teed by the

;

;

&

&

2343.

Canadian Northern Hj.—ListeJl in London.— The London
Stock Exchange has listed scrip for £1,923,287 first mortgage
8 p. c. debenture stock (principal and interest guaranteed by
the Dominion of Cansda).—See V. 80, p. 1284, 1231.
Canadi^^n Pacific Ry.— Purchase.— A press dispatch from
Victoria, B. C, announces that the purchase by this company
of the railroad and lands of the Esquimalt & Nanaimo R7.
has been completed. Compare V. 80, p. 996, 710.— V. 80,

2457

V. 80, p. 993, 1234, 1368.

$260,C0O. Directors: President, Ogden Edwards of Troy, Ohio;
Robert J. Bmlth, Vice-President and General Manager, and George
Tupper, Secretary and Treasurer, both of Summerville, S. C; Daniel
MUer. Charleston, 8. C; Allen Edwards, MoGuffey, Ohio.

Grand Trnnk Riilway Co. of Canada.— Lts^e'd in London,
—The London Stock Exchange has listed a further iatue of
£155,148 guaranteed 4 per cent stock. See also Grand Trunk

Chattanooga Eleetric 'R^,—Merger Not Completed.— lUegoand merger of this company and
the Rapid Transit Co. have not been completed, owing, it is
said, to the high prices asked by the present owners.— V, 80,

Ry. below.—V. 80, p. 1909, 871.
Gnayaqnil & (J alto Ry.— Listed in London.—The London
Stock Exchange has grantsd quotation to a further issue of
fl75,000 6 p. c. first mortgage gold bonds (Nos. 10,206 to

p. 1911.

10,380).—V. 79, p. 786.

tiations for the purchase

& Qnfncy UR.— Payment

of Maturing
Notice is given by advertisement on another page
Bond
that the |19,699 0j) consolidated mortgage bonds matured
July 1, 1908, and extended to July 1, 1905, will be paid in
cash at maturity at the National Bank of Commerce in Nrw
Yjik^ or at the company's office in Bcston.— V. 80, p. 1058, 599
Chicago & Eastern Illinois RR,— Called Bonds.— ladiar a
Block Coal RR, bonds Nos, 129, 146 and 179, for $500 each,
and Nos. 23, 47 and 58, for $1,000 each, will be paid upon
presentation at the Farmers' L^an & Tru=t Co., New York,
interest ceasing July 1.— V. 80, p. 2398, 2219.
Chicago Gt. Western Rj.—New Stock.— AX the special meetlog to be held on Sept. 7 the shareholders will be asked to
"
authorize an increase in the amount of preferred stock " B
from 110,000,000 (19,489,190 issued) to $34,000,000.— V. 8), p.

Chicago Barlington
.

—

2398, 2219.

Railway & Light Co.— Consolidation

(Teen.)
— ClarksTille
Mortgage.— This company, formed

by the consolidation of

the Eltctric Street Railway Co. and the Qaeen City Electric
Light and Power Co., which for some time past had been
controlled by the same interests, has made a mortgage to the
sited States Trust Co. of L'uisvllle, as trustee, to secure
$200,000 of 40 year 5 p. c. bonds.
The street Railway Co. at last accounts owned 5i« miles of track
and bad oatstanding $20,000 capital slock and $29,500 first mortgage
6s (authorlz d lesue $50,000) snbji^ot to call at option of company.
President, N. L. Carney; Secretary, Treaiurer and General Manager,

U

Julian

F

faclfic

Graoey.

Colorado Texas & Mexico Rj.-MurtQag'.-The shareholders will meet at Abilene, Tex,, on July 10 to vote on
making a mortgage for an amount dependent upon the rul-

Hndson Valley R's.—ReaiversMp

Sia?/.— Supreme Court

Justice John M. K?llogg at Saratoga on June 10 issued an
orler arresting execution of the judgment appointing Jarvla
f. O'Brien, Receiver, until Justice Henry C. Koliogg, of
Piattsburg, who made the original order, shall return from
* tr?p to Earope about six weeks hence and review the judg-

.aent,— V. 80,

p. 2344, 2219.

Iowa & Minnesota Rj.— Allied Company. See
R.'Cktord Belt Ry. below.— V. 79, p. 103,
Indiana Illinois & low&RR.—'^lv Months' Statement.—
Earnings for the six months ending June 30 (the figures for
Illinois

1905 being partly estimated) were:
t)

mos. ending

Gross

June 3}—

earnings,
lOja
t926,28a
838,n55
H»C4
-V. 80, p. 1918, 1303.

Indianapolis

—

St

Net
earnings,
$241,483
l»:?,t8rf

Other
incom*.
§.',507

i,mz

Fixed
chargei.

$l2e,«93
140,418

Dirtdends.

Balance,

(2S)$100.ilOO

shtvIus.
$17,277

ao.OOJ

a,604

(If.)

Martinsville Rapid Transit Co.— Change

&

in Control. Stone
Webster, Boston, confirm the report
that they have purchased control of this property. AccofdDg to the "Indianapolis News" it is understood the stock was
acquired at 20 cents on the dollar, the purchaser aigo taking a block of the $750,030 bonds. See V. 78, p. 1223.

Indianapolis & Northwestern Tractim Co.— Bonds
OJer(d — E. H. Roilics & Sons are offering at 98 andiniereet,
by advertisement on another page, $1,000,000 first mortgage 5
p. 0, gold bonds; dated March 1, 1903; due March 1,1923;
redeemable on any interest date at 110 and interest; trustee,
Authorized issue,
Koickerbocker Trust Co,, New York.
$3,n0O,<"O0; outstanding,
$2,470,000; remainder ($530,000)
ifcttrrvfed for iiLoprovementa, additions and extensions, at &

—

THE CHRONICLE

245^

rate rot to exceed $25,000 per mile and not in excess of 75
clrcalar says:
p. c. of the actual C09T.
Property coDslBta of 87 miles of single track, standard gauge electric railway, ex'.' n ling Irom the city llmltB of ludtanapollp, northweaterly ihrongh Lebanon and Frankfort, to L'»fayette, also directly
weat fr; m Lebanon to Crawford-vlUe. The oars are operated to the
centre o IndlarapoUs and Lafayette over the lines of th^i local com
Road built entirely on private right of way, except within
panles
corporate limits; track 70-pound T r^ll, well ballasted with erivel.
Brick power house and oar barn; 20 vostlbnled oara, 61 feet 6 Inches
long, and 4 freight cars. Grades and curves largely eliminated;
road compares favorably with trunk line steam railways. CompaTjy
operate? under broad and liberal franchises endarlne; for 31 to 50
years, -wh'oh permit the oarrjlng of freight, express and mall In addi-

A

tion to passengers.

The road from Indianapolis to Lafayette, 64 mllea, was placed in
operation December, 1903; the nmalnder, 23 miles, Jaly, 1904,
although for a considerable time thereafter the road was In the conTh^ earclags for the 12 mooths ending Jane 30,
struction s lage.
1905, partly estimated, were, gross, $J62, 828; net. $143,78"; bond
Interest, $123,600; balance, surplus, $20,287. For the calendar year
19051t'8]:redloted thatthegross earDlngs will be $43f>,000; for the
first five months they were $126,148, against $79,601 In 1904;
increase in earnings, 59 p. c; in mileage, 36 p. c.

& Co. and Joseph T. Elliott & Sons have
fmrchased a block of the bonds and represent this issne in
ndianapolis. A map of the system will be foand in onr
Street Railway Section.— V. 79, p. 151.
Newton Todd

[Vol, lxxx.

Jiih'is&n Central RR.—Statemint for flaZ/rear.— Earnicgs for the six months ending Jun? 30 ('he figures for 1905
being partly estimated) were;
6 mos. ending

Oross
eam.ina».
$10,676,888
10.465,472

June 30—
1905
1«0J

Xet
farntnos.
f2,152.T54
2,18:J,306

Other
income,
$14«,V50
19,000

The

fixed charges inc'uie rental of
V. 80, p. 23!5, 1913.

Fixed

Di>^i-

charges.
8'.8.5-',10'5

1,807,835

Balance

surphis.
dendn.
$374,7«0 $67,i38
374,763
24,711

Canada Southern Ry.

Missouri Paciflc Ry.— Ponds.— Eorninris,— See St. Lou:s
Iron Mountain
Southeri: Ry. below.— V. 80, p. 1235, 1116.

&

Central & H&dson River RR.— Statement for
Half IVar.— Earnings for the quarter and half year ending
Jane 30 (partly estimated in 1905) were:

New Tork

3 mos. end.

June

.30

—

Net
earnings.

Oross.
earthings,

1905. ...$20,792,600 $6,455,800
1904.... 19,241,349
5,264,914
6 mos,—
1905....$39,235,700 $11,061,800
1904.... 38,472,802
9,394,312
V. 80, p. 1729, 1479.

—

Other
Interest.
Balance
income.
taxes, etc.
for dtvs.
$1,518,500 $5,510,100 $7,464,200
1,530,775
4,996,254 1,800,434

$3,036,900 $10,987,800 $3,110,900
3,307,603 10,219,088 2,482,732

Dividends of 2)4 p. c. during each 6 mos. call for $3,306,200,
leaving balance, deficit, of $195,800 In 1905, against $828,518
in 1904.

Reduction of Running Time to Chicago.—^ee Pennsylvania
Indian Territory Traction Co., Sontli McAlester.— fie- RR. in V. 80, p. 2399.— V. 80, p. 1729, 1479.
ceivership
This ccmpany on Jane 8 was placed in the hands
New York City Railway— Pcr^^menf of Maturing Bonds,—
of Colonel William Busby, as receiver in what are stated to
The
$1 ,000,000 second mortgage 5 p. c. bonds of the Broadway
be friendly proceedings. Liabilities "estimated at only about
RR, maturing on July 1 will be paid on that date
Surface
150,030."— V. 78, p. 2334.
at the Morton Trust Co., No, 38 Nassau St. The coupon due
Iiiterborongli Rapid Transit Co.— In Operation to WcM July 1 will be paid as heretofore by the Pacific Bank, 470
and Rector Streets,— The company began operating its ex- Broadway. Kuhn, Loeb & Co. recently purchased $1,284,000
press ttc.inB to the station at Wall and Rector streets on Metropolitan Street Ry. refunding 4s of 2003, the proceeds of
Tuesday, The system was cut in two on Sunday by the which will bo used to retire the above-mentioned bonds and
bursting of a water pipe near 42dSt.,and for nearly two for other purposes.- V. 79, p. 1264.
days thereafter no through trains were run.— V. 80, p. 2399,
^'ew York & Long Islaud Traction Co.— Pwrc/iase Prfce.^
Kansas City Southern Rj.—New Offlcem and r^ce.— Be- The Cleveland papers state that Sanderson & Porter paid
sides the new ofiBoers mentioned last week, R. B, Sperry haw $1,450,0C0 for this property, assuming all its obligatlcns.
been elected Secretary and Transfer Agent, to succeed The company, which has about 37 miles of track in operaAlexander Millar, and William Coughlln, recently Q-eneral tion, recently gained eutrance to Belmont Park. See page
Snp3rintendent of the Denver & Rio Q-rande, has be^n made 778 of Street Railway Section.- V. 80, p. 2345.
General Manager. The President's office remains at Kansa-*
N€W York New Havrn & Hariford RU.-New Bohdi
City, Mo., as herefore, The executive and transfer fficee Offertd.—J, P. Morgan & Co. and Kidder Peabodv & Co. E:e
h&ve been removed to 35 Broad St., New York.— V. 80, jointly ( ffering at 106i^ and interest $15,000,000 SO-yea. 4

—

'

p. 2344, 1971.

Lake Erie & Weetern ^B,.—Statement for Hjlf-Year.—
Eirtiings for the six months ending June 30 (partly estimated
in 1905) were:
Fixed
Div'ds on Balance,
Oross
Net
Other
6 mos. end.
earns, earnings income, charges, pre/, stock, deficit.
Juneso—
$
$
$
$
$
$
1905
.2,277.854 590,472 2,767 498,002 (1%)118,400 23,173
1904
521
463,689 (.%)118,4C0
2,325,228 581,578

-V.

80, p. 1232.

Sliore Eloitrlc Jij.—i^ale of Bonds.— Hoyden, Miller
Co., Cleveland, have purchased |400,000 of this company's
$889,000 outstanding general mortgage 5 p. c. bonds.— V. 80,

&

Lake

p. 17^9, 997.

&

Micliigan Sontliern Ej.—Statement for
flia// Fear.- Earnings for the six months ending June 30
(partly estimated in 1905) were:

Lake

Siicre

6 mos. end' g

Gross
earnings.

1905
1904

18,166,097
17,138,246

June 30—

From

Net
earnings,

$

$
4,320,039
4,300,960

Fixed

Other
income,

charg.s,

$
960,000
960,000

2,910,000
2,910,000

$

Balance,
for stock.

$
2,370,039
2,360,960

the balance as above were paid dividends amounting

to $1,978,660 (4 per cent) in each year, leaving a surplus of
$391,879 in 1905, against $372,300 in 1904.— V. 80, p. 1912, 1858.

Nm

LehiKli Valley RR.—Liitid in
For*:.— The New York
Stock Exchange has listed $20,100,000 general consolidated
mortgage 4 p. o. bonds of 2003— V. 80, p. 1111, 223.
Massachusetts Electric Companies. ~ Cabled Bonds.— The
American Loan & Trust Co., Boston, will pay on July 1, at
105 and interest, the following first mortgage bonds issued In
1898 by the Lowell Lawrence & Haverhill Street Ry. Co.,
viz., Noe. 126, 198, 292, 454, 461, 479, 485, 563, 574, 599, 601,
624, 738, 787, 843, 946, 1049.

Dividend Question Postponed.—The trustees on May 31
months on the question of
resuming dividends on the preferred stock. A trustee is
quoted as saying that the board "will declare six months
hence whatever is earned. As the preferred stock dividends
are cumulative, it is thought there is a possibility of a relurn
to a 4 p. c. basis six months hence, with a reasonable certainty of 2 p, c. being paid.— V. 80, p. 2344, 1971.
Metropolitan Wtst Side Elevated B.j.-New Officers.—
P. D. Sexton, Assistant Secretary and Assistant Treasurer,
has been elected Secretary and Treasurer to succeed George
Hipginson Jr., who retires from the management.— V. 80,
vott d to postpone action for six

p. 1424, 1421.

Mexican Central Uy.—Stcck Increa8(d,—The company has
notice of an increase in its authorized capital stock from

filed

$47,975,100 to $100,000,000. Those in interest state that the
increase is made to bring the authorized capitalization into

with the Massachasetts law, but when and under what
conditions the new stock will be issued is not announced.
The possible retirement of the income bonds as part of a
financial plan is thought by some to be one of the objects in
contemplation. The increase in the stock was recently author' z 3d by the shareholders. See V. 80, p. 1856, 1479.

line

p. c. debenture bonds, issued to retire notes created in conjority of the $58,117,932
nection with the purchase of
Western Ry. Co.
capital stock of the NewYo:k Oatario

am

The new bonds

will be dated July

&

1,

1905,

and due July

1,

1955.

d Trolley Company Offer. d—Sae Conabove.— V. 80, p. 1971, 1363.
New Y rk & Ottawa Ry.— Mortgage.— The New York
Statt^ Railroarl C »mmi88ion hfis approved the making of a first
mortgage for |'*,501,000, of which about $1,500,000 is to pay for

Bondi of Ccnti

oil

solidated Railways

the property of the old railroad company S'qaired at foreclosure sale and the remainder for improvements and addi-

tions.—V. 80,

p. 2320, 223.

Westchester & Eoston (Electric) RR.—Ccnstruction iJej^-ns.— Construction at three different places en
Division 1, which includes all of the line within city limits,
was be^un on June 3, on which date also the first instalment
of the underwriting on the $15,000,000 first mortgage 5s was
paid to th< Knickerbocker Trust Co.-V. 80, p. 2223, 1913.

New York

Pennsjlrania RR.—Liiting.—The New York Stock Exchange has authorized the listing of $1,106,650 additional
capital stock, $481,903 at once, and the remainder up to June
30 on notice of issue.
The new stock is issuable for the $442,650 stock of the 8 onthwest-

PenDHylvanla Ry. (total Issue, $1,499,900) not prevlonely owned,
has been or will be given in exchange therefor on the basis of
$125 of PennsylTania for each S50 share of Southwestern. Therecent Dcqnlsltlons on these terms have Increased the Pennsylvania
holdings to $1,057,250, besides which it holds $600,000 of the first
mortgage bonds.-V. 80, p. 2399, 2397.
Pere Marquette RR.— First Dividends Under Lfase.— The
company has declared a semi-annual dividend of 2^ p. c. on
its common stock, payable July 3, and the regular semiannual dividend of 2 p. c. on its preferred stock, payable
July 1, in both cases to holders of record June 19. These
are the first dividends payable under the lease of the road to
Dayton. Previous dividends on
the Cincinnati Hamilton
common stock were : Apr., 1905, 1 p, c; March, 1904, 1 p. c;
V. 80, p. 1729, 1059.
1903, 2 p.
eri)

anfi

&

c—

SoW—

At
& Lehis^h Talley Traetioa Co.—
the foreclosure sale on June 15 the property was bid in for
$1,030,000 by William F. Harrity, representing the reorganization committee of the Lehigh Valley Traction Co. See
Lehigh Valley Traction Co. In V. 83, p. 2899.- V. 80, p. 1913.
Pittsburgh Fort Wayne & Chicago Ry.— Li«^ d,—The
New York bcock Exchange has authorized listed $8,341,900
additional guaranteed special stook, making the total listed
to date, $34,344,800. Toe proceeds are for improvements and
additions, notably for track elevation, $S73,244; second,
third, fourth and fifth tracks, $1,056,727; rolling stock, $585,784; real estate and right of way, $807,579; sidetracks, $191,895.— V. 79, p. 2457.
Phi'adelphia

Pittsburg (Kan. )RR.— Proposed Consolidation.—Th]s company, which recently changed hands, will, we learn, be consolidated with the city lighting companies, and $800,000 new
bonds au horized for the following purposes: $125,000 to
cover existing street railway bonds, $50,000 to cover present

:

:

June

THE CHRONICLE

17, 1905.]

light bonds, >3i5,000 to provide for ic: mediate extensions and
f 100,000 to remain in treasury. A 10-mile extension is in
another entenslon, 10
progress southerly to Weir City
miles in length, to Cherokee, Scammon and Qirard is proposed and will probably constructed in 1936. Directors :
President and General Manager, Fred H. Pitch Secretary, H. P.
Fltdh; Superintendent, Henry Mirrlson. all of Pittsburg, Kan.; Guy
M. Walker and M. R. Walker. 15 Wall St., New York.
;

;

2459

Suit Fi!ed.~At S". Louis oi Jane 12 the Mercantile Trust
Co. of New York, the mortgage trustee, filed a suit in the
Uoited States District Court asking for an accounting of the
operation of the road since July 1, 1899, with a view to
of
obtaining ^h? payment of interest on the $30,000,f

debenture bonds "A" aiad "B,"

-V.

Sse V. 80,

p. 1480, 1286, 1175.

80, p. 2221, 1914.

Wssliington County RR., M&ryli-'-ni. —Baltimore <& Ohio
Buys Stick,— The Baltimore & Ohio RR. Co. has purchased
from the Commissioners (jf Washington County, Maryland,
the $150,000 stock held by the County for ?45,O0O cash.
Wisconsin Railroad Commission Law.— Sz7Z Passed.—The
&
Wlscorsin Senate on June 6 passed the amended Railroad
Quebec & Lake St. John Ry,— Listed in London.—The Commission Bill. The bill, which seeks to prevent the impoLoudon Stock Exchange has granted quotation to a further sition of unreasonable rates, was published in full in the Riilissue of £75,000 4 p, c. prior lien bonds of £100 each (Nos.
way Age " of June 9, The Sanate killed the Johnson bill pro2,751 to 3,500.).— V. 79, p. 2589.
viding for a twc-cent a mile paseenger rate.
Raleigh & Cape FtArRR.— Consolidation. —Sqq Raleigh &
S)uth Port Ry. in V. 89, p. 2400,-7. 79, p. 2589.

Fortlauii (Ore.) Con-olidated (Elctric) %.— aS'jZc?,—The
offer to purchase the shares of this company has been accepted by the holders of a sufficient amouut of the $4,000, 00
oats';andlag stock to pass the control to J. <fe W. S3ligm:m &
Co.— V, 8), p. 3330.
Co. and B. W. Clark

'

Rochester Sjracnse & Eastern (Electrie) RR.— iVeto ilfor^
The company has filed a mortgage to the Knickerbocker Trust Co. of New York, as trustee, to secure not

gage.

—

INDUSTRIAL. GAS AND MISCELLANEOUS.
Amalgamated Copper Co.— New Director.— B.. H. Rogers

exceeding |7,o03,C03 of 5 p. c. gold bonds.
Tbeie bonds are dated May 1, 1905, and are due May \, 1945, bat
are snbJeoD to call In any amounts at 110 and Interest on May 1, 1915,
or any interest day thereafter. Denomination, $1,000; Interest payable May 1 and Nov. 1. Of the authorized amount, $2,000,000 Is to
be Issued whea rcqiested by the directors for building and equipping
the ilne now In progress between RocheEter, N. Y., and the village of
Lyons; $8,000,000 ij reserved to oonstract and equip the line from
Lyons to Syraou'^e, but at not exceeding $35,000 per mile of elngle
track nor exoet ding at par 75 p. c. of cost and equipment; the re-

has been elected a dliector to succeed Frederick P. Olcott,
resigned on account of 111 health.
Suh Company Statements.— The rather obscure statements
filed with the County Assessor at Butte, Mont., are reported
as follows

maining $2,500,000

Parrot
Trenton
Butte & Boston

reserved to provide for not exceeding 75 c. o. of
the cost of other extensions and permanent improvements or acquisi
tions of other lines.

No

18

construction work,

Lyons.— V.

it is

said, has yet

been done East of

80, p. 2845, 601.

Rj.—New

Enterprise— Mortgage.—This
company, an ally of the Illinois Iowa & Minnesota Ry., both
having as Presideat H. W. Seaman of Chicago, has calltd a
meeting of its stockholders to be held at B3om 369, the Rookery, Chicago, on Aug, 18, to increase the authoriz d capital
stock from $100,' 00 to $1,COO,000 and also to approve the
making of a mortgage to secure not exceeding $1,000,000
first mortgage bonds.
Tae company was incorporated in
Illinois last February with authority to build a belt line
around Rookford and various lines diverging from that city,
one of these to extend to Freeport. See map of Illinois
Ijwa & Minnesota, p. 1576, of Railway and Industrial
Roc>:ford

Belt

Section for April, 1905,
St. Louis Iroa Mon.itaiu & Sontliern Ry.—rondil.iild.
—12,443,000 additional River & Gulf Divisions first mortgage 4 p, c. thirty-year bonds, making total 121,177,000,
IS8ITANCB OF $21,177,000 RIVEE
GULF DIVISIONS 4 P. C. BONDS.
Railroad acquired from St. Louis Valley Ry., inoludiag
ferry and teiminal properties (152'2 miles)
$7,200,000
Railroad acquired from White River Ry., Memphis Helena
LoulBlana
Ry.
and
Mdmphls
&
Helena & Louisiana RR.
.S,089,251
(13206 miles)
„
<fc

Extensions of said railroads (273-49 miles)
8,874,773
Other extensions and branches (12-91 miles)
240,555
Terminal prorerty at St. Linia, Mo., and Thebes and East
St. Louis, 111
458,209
$719,000 first mortgage bonds of Union Railway Co. of
Memphis
719,000
Railway equipment covered by mortgage as a direct lien..
489,143
Ferry facilities covered by mortgage as a direct lien
lOP.SS?
Earnings.— FoT 3 months ending March 31, 1905, earnings:
Gross earnings
$4,675,574 Total net income
$2,458,533
Net earnings
1,221,923 Charges
1,659,070
Other income
1,236.610 Balance, surplus
899,463

—V.

80, p. 473.

St Loais Sonthwestern Uj.—Liit'ng of Bondi,—The

New

York Stock Exchange has

listed $1,500,001) additional consolidated mortgage 4 p. c. bonds of 1932, making a total of |16,678,000, with power to add $118,':00 on notice of issue, making
a total of |16,796,C03. Of the additional bonds now listed
$386,000 were treasury bonds and |1, 164,000 are part of a
block of 11,282,000 issued for the acquisition of outstanding
equipment obligations, par value |l,C5S,334, representing
the purchase price of 1,0 }0 box cars and 21 locomotives.
.Earnings.- For the 9 months ending March 31:
Gross.
Net.
Other inc.
9 mot.—
Charges. Bal.,sur.
1904-5... $6,757,242
$2,072,862 $157,137 $1,232,125 $998,874
1903-4,.. 6,014.015
2,145,615
^
—V. 80, p. 872, 718.

Toledo St. Louig & Western RE,.— Stock Certificates Ready
July 1.— Notice is given by advertisement that on July 1 the
Central Trust Co. will be prepared to deliver certificates for
preferred and common stock in exchange for the voting trust
certificates.— V. 80, p. 1973.
Cudergroaud Eieotric Railways of London.— Lufed in
London, The London Stock Exchange has ordered that the
following seourities be quoted on the ufficlal list
Baker Street & Waterloo Ry. Co.— £500,000 perpetual 4 percent

—

Speyer Brothers' scrip ccrtlfloates.
debenture
Charlrg Cross, Eutt^n A Hampstead Ry. Of>.— 8p«yer Brothers scrip
certificates (partly paid) for £800.000 4 p. o. perpetual debenture
stock. In lien of the

stock.

Great Northern, Ploadilly & Brompton Ry. Co.— Speyer Brothers'
scrip oeriifiaatea (partly paid) for £1,200,000 4 p. c. perpetual debenture stock.-V. 80, p. 1113, 1060.

WabHBh RR.— Ab Interest on Debenture ".4."— The direcMonday decided to pay no Interfctt July 1 on Debenture "A" "cads. Six per cent was distributed annually from

tors on

Jan., 1900, to Jan., 1904, both inclusive, but nothing since

Gross income.

.

—

190 1.
Year ending June \— 1905.
Boston & Montana..$14,634,923 $12,720,281

Anaconda
....

Washoe

s

10,761,472

13,787,345
1,449,851
847.421
1,932,837
1,097,018

Total
$33,749,395
Total number of tons mined or extracted

233,961
74,832
96,353

328,106

(1)

1,606,497
1,575,628
(%)

Net income.—.
1904.
1905.
$5,8Sn,680 ?4,574.498
2,259,693 1,259,875
,

7O,U0

178.712
(?)

$8,698,241 $6,240,022
3,293,980 2,545,598

The holdings of the Amalgamated Company in the aforesaid properties, it is supposed, would entitle ^t to over 9!) p.c.
of the aforesaid net Income (if correctly reported), besides
which the company has large outside interests, as stated in
V. 80, p. 2891.
Rehearing Denied. The Supreme Court of Montana on
June 3 denied the application for a rehearing in the Minnie
Healey case. See United Copper, V. 80, p. 1496.— V. 80, p, 2394.

—

American Cottcn Oil 0,0.— Additional D.l>intures,—Th%
Stock Exchange has been requested to list an addi-

New York

tional $2,000,000 of 43^ p. c. debentures, recently sold to replace loans for working capital. This will make the total
amount of dtbantures listed $5,000,000.— V. 80, p. 118.

—

American E cameled Paper Q,9.—Sile Ju'y i^ This company's property at Ellington, Conn., Is advartised for sale
under foreclosure of mortgage of July 2, 1900 (Icternatlocal
Trust Co. of Boston, trustee), at Ellington on July 12. V.

—

75, p. 1088.

American Hardware Corporation.- ReaZ Estate Mortgage.
This company's subsidiary the Russeil & Erwin Manufacturing Co, has made a real estate mortgage to the Emigrants'
Savicgs Bank, covering the property 41-45 Chambers St.,
New York City; amount $103,000; interest rate 4 p. c. per
annum.— V. 80, p. 1113, 1110.
American Ice Securities Co.—List (d.—The N. Y. Stock
Exchange has listed $5,000,000 of the capital stock and
author!z9d the listing of an additional $15,000,000 from time
to time when Issued prior to Sept. 1, 19)5, making the total
120,000,000.
Of the $3,000,000 new debentures due April 1,
1925, $344,489 remain In the treasury to take up outstanding
stock of American Ice Co.
Ea-nings—Ol the Amesican Ije Co. (old company):
Jear—

1904.
$6,942,318
324,258

Gross earnings
Net earnings..
V. 80, p. 1730.1237.

1903.
$6,785,058
def.8,429

1902.
$6,411,253
def.346,362

—

American LooomotlTe Co.— To Enter Automobile Field.
The company, it is announced, is preparing to establish a
plant at Providence for the manufacture of automobiles— at
the outset the Berliet (French) touring cars and tlsasure
vehicles of 25 and 40 horss power.— V. 80, p. 1730, 1480.

—

American Screw Co. — InGreasfd LiAdend A quarterly
dividend of 1^ p. c. has been declared, payable June 30, to
holders of record June 20. This Increases the yearly rate
from 4 p. c. to 6 p. c. V. 75, p. 1402.

—

American Writing Paper Ca.— Listed in Boston.— The
Boston Stock Exchange has listed this company's first mortgage sinking fund 5 p. c. gold bonds due July 1, 1919, total
authorized issue $17,000,000

000.— V.

;

retired

by sinking fund, |5T2,-

80, p. 1172, 878.

American Snelters Securities Co.- On Unliated.—The
Stock Exchange has admitted to quotation on the

New York

unlisted eheet $30,000,000 cumulative 5 p. c guaranteed preferred stock, Series "B."— V. 80, p. 2221, 1973.

Barney & Smith Car Co.— New Directors— Accumulated
Dividends.— At the annual meeting on June 6, George B. Cox
atd Joseph Rawson of Cincinnati were elected directors to
succeed W. J. Lippincott and F. E. Smith. The "Cincinnati
Irquirer says
A motion was put and carried nnanimonsly Instmotlng the directors
to name a ocmmlttee to take up the question of back dlyldends and
:

:

THE CHRONICLE

2460

formnlate a plan lor BettieoQent, the same to be submitted to the
Btockhc'lders as soon as poss-lble. It was learned that President J D.
Piatt had already coma to the cotclnslon that somethJnK should be
done for the preferred stooSholdera, and that he has under way a plan.

[YOL. LXXX.

City Water Co. <if Ocean Park,
company has filwd a certifica'c«
amount of |1 50,000.

€alif«>rnia.
of bonded

-Bonds.— This
dabt

to

the

Colorado Fael & Iron Co. —J3trecf or R <fign3.~lt is stated
Report.— See page 2456.— V. 80, 1237.
Bessemer Foundry & Mvichine Co., Pittsburgh.— Boiids.— on apparent authority, though not ofa.ially, that John D.
This company, incorporated in February last witta $500,003 Rockefeller Jr. has resigned from the Board of Drector^.
Bond Listinj^—See Colorado Industrial Co,, below.— V. 80,
au'^horized capiial stock, is said to have been placing an is1726, 1481.
p.
sue of $150,00? first mortgage 5 p, c. gold bonds to Increase
Colorado Industrial. Co.— Authority to Li i.—The Naw
the capacity of Its plant at Butler, Pa. Incorporators James
York Stock Exchange has authoiriz d the listing from time
K, and D. B. Neagley and L. B. McK.^an, all of Pittsburgh.
to time up to Dec. 31, 1905, of $7,932,CO0 first mortgage and
Boone (lOTva] GtuB Co.— Bonds Offered.— The Milwaukee collateral trust guaranteed 5 p. c. bends, making th» total
Trust Co. is offering, at a price to net over 5 p. c, $^2,000 first 124,932,000. Sie V,
80, p. 1425,
mortgage 5 p. c. gold bonds. An advertisement says:
Con-olidated Cotton D.icfe Co -Progess of Reorg.niziBonds dated June 23, 19C3; Interest payable Jan. 1 and July 1;
denomlratlon, $1,000; anthoDz d bond Issue, $150,000. Mr. E. G. H n of Old Jompani'S.— The time for dt posits under the pian
Pratt, President (now General Manager of the Milwaukee Gas Light for the consolidation expired J ane 8, the committee havinsj
Co). For year ending Deo. 31, 1904, i?ro8S earnings, $24,216; operat- determined to make no further extension. The Continet;!al
ing expenses, Inciudlng Insurance and taxes, $15,643; net earnings,
Trust Co. of Baltimore, the depositary, announces that |;5,
$8,572; interest charKes nn $38,000 of bonds outstandidR at that time,
2,000 bonds are 218,000 out of the $6,000,001 ipcome bonds of the Meant
$4,400; net surplus, «l,172. The proceeds of the
to be used In ImproYements and enlargements. Capital stock $250,000. VernoD-Woodberry Cjtton Duck Co., or 87 p.c; 52,481 shares
Boston Consolidated ©as Co.— Co?? -Zici^fzcn,— The com ot preferred stock out of 27,500 shares, or 82 p. c, and 89,050
pany on June 13 filed Its acceptance of the consolidation Act shares ot common stock out of about 98,000 shares of comand its agreement within twelve months from the date of the mon stock, or 9, p. c. of the Uoited States Cjtton Duck Cjrconsolidation to reduce the price of gas to 80 cents per 1,000 poration, havs assented to the plan.— V. 80 p. 2346, 1915.
cubic feet. See Maesaohusetts G-is Companies, V. 80, p. 1974,
Congolidated Gas Co. (N. Y.)— Bills Signed— New Commission.— Qo-vkvnov Hlfrgins, having signed the gas bills recently
1482.
The properties of the following companies have been taken paseed by the Nsw York Legislature, has appointed as members of the Gas & Electricity Commission James R Sheffield
over
Bay State Gas Co. of Mass.; Boston Gas Light Co.; Dorchester Gas :>f New Y'ork, Judge B. B. Bhedden of Plattsburg and former
Light Co.; Massachusetts Pipe Line Co.; South Boston Gas Light Co.; Attorney-General John C. Davies of Camden, Oaeida County.
Jamaica Plains Gas Light Co.; Brookllne Gas L'ght Co.; Rozbury Gas See character of ga3 bills in V.
The powers of
80, p. 1858.
Light Co.
the CommiFslon are stated briefly as follows:
The Massachusetts Gas & Electric Light Commiselon has
The commission wlH have supervision of all gas and el«ctric-light,
been requested to approve a contract with the New Eogland heat and power companies, and may fix the standard of gas furnished,
$•:=

Gas

&

(Joke Co,, whereby the latter agrees to deliver as a
at its works in Everett, Mass., 8, fi00,000 feet of
gas per day of 12 candle power for 14 cents per 1,000 feet, or
23 cents for 18 candle power gas.
These prices, It Is stated, are less "than it would cost Boston Consolidated Gas Oo. to make Us own gas with works of standard type
properly equipped, suitably situated and of sufficient capacity to
makri all the gas reqnlred for the whole district to be suppliea."- V.80,

minimum

1974.

p.

Books ot corporations may be ex&'i a standard of pressure.
amined by the commission and comprehensive report* are to be filed
by the corporations, which after July 1, 190.5, cannot be organized
except with the consent of the oommlssion, nor can they Increase
their stock or issue bonds, nor can one corporation transfer or lease
as well

franchise to another without the consent of the commission. The
of a city, tbe trustees of a village or the town board of a town
of 100 customers may demand of the commission an investigation as
to the price or quality of gas or electric light famished, and the law
makes It poseibie for the commission to enforce its orders by mandaits

mayor

mus.

The commission

will

have an

offlae in

Albany, one in

New York

Brooklyn Heights Realty Co.— Decision in Favjr of Share- and one In Baffctlo, and must meet at least once a month at Albany.
holders.— JnBtice K «lly in the Supreme Court in Brooklyn on
Municipal Lighting Plants.-The city of Nv^w York has
May 3 h-mded down a decision in the stockholders' suit hold- purchased for |350,0C0, as a site for its proposed electricing certain of the directors, who h? says are chargeable with lighting plant, the entire block bounded by Avenue A, the
knowledge of the wrong-doing, liable for waste of the com- East River, 90th and 91st sts. It has also purchased for
pany's property and an accounting to the stockholders, on $200,000 a site for a municlpil-lighting plant on the East
the ground that the Vice-President of the corporation pur- River in the Borough of
Q leens, at Notfc Ave. and Vernon
chased the site of the Pierrepont House, corner of Montagtte Ave. Regarding the latter plant, "Engineering Record" says:
and Hicks sts., Brooklyn, from another director for |189,000,
This plant is to be used to furnish electricity to light the strf ets,
and turned it over at once to the company for $260,000. The doing away with gas lamps entirely, and also to light the bridges,
old hotel and ad j ining houses were razed but nothing pubiio parks and city offices. It Is part of the plans to connect the
has been done towards the construction of the proposed
Hotel Woodrnff,— V. 78, p. 1169.

(The) Carpenter Steel Co., Reading, 'Pa.—Reo-ganized.—
receiver of the old company was discharged on May 17
and the property turned over to the new company which was
organized with $1,200,000 capital stock and $350,oO0 of 5 p. c.
bonds per plan in V. 79, p. 2038.

The

Central Iron & Steel Co., Harrisburg, Pa.— Boni Issue
Proposed, The shareholders will vote July 20 on a proposition to issue bonds to the amoun": of $1,500,000, to provide
for extensions as needed. The "Iron Trade R -view" says
The company is a oonaolidatlou of he Bailey and MoOormlck Interests and has the Paxton furnaces, an open hearth steel plant with
four large furnaces, and some of the best known plate mills In Pennsylvania. Its capital stock is $5,000,000, but there is no bonded

—

to be erected on the line of Av. A
That connection, however, Is to be used only in ca«e
It is desired to furnish current f .r all the boroughs from f Ither plant.
The Long Island City plant is Intended to fumleh lights for the
boroughs of Brooklyn and Qaeens. The fuel for the plant will be
combustible rubbish, the city having at Its disposal over 100,000 tors

plant in

In

Long Island City with one

Manhattan.

a year, equal In steam-produolng capacity to 20,003 tons of coal.
The Department of Street Cleaning is constructing an
wlectrij-lighting plant under the Wiiiiamsburg Bridge on the
Manhattan side. It is the intention to use as f oel the comDustible rubbish of the city, as used in the street-cleaning
plant at the foot of Wesit 47ih St., Manhattan, for five years
past.— V. 80, p. 2346, 2232.

:

debt.-V. 78,

p.

1111.

Charleston (111.) (Jas & Electric Co.— Swccessor.— Ste
Charleston Illuminating Co,, V. 80, p. 3401.—V. 75, p. 1356.

Consumers' Electric Co., Ottawa.— Fwrcftase by City.—
The city proper y owners, by a vote of 1883 against 1430,
have adopted the propositioa to buy this company's plant.
See page 2479, State & City Department.— V. 69, p. 1151.
f Indianapolis— S'aZe— The
Con!i!ttmer&' GiS Trust Co.
«

have ordered that sealed bids be 'advertised for, to
le opened Sept, 11, for the pipe lines and other property in
Chicago Diick & Canal Co.— Mortgage.— A mortgage was ludianapoUs, except bills receivable and a lot corner Illinois
recently made to W. A. Jeffriep, trustee, to secure a loan of and 22d Street. See rfficial notice on page xiii of advertise|30O,O0O, payable in 20 annual p'lym^nts of $!5,00!) each be- ments in this issue.— V. 80, p. 2347, 2223.
ginning Apr. 1, 1906; interest 4 p. c. per annum.
Continental! Coal Co— See Kmawha & Hocking Coal ft
The mortBage covers a lot 469x161 ft. at 460 540 Tllinois S'., Chlcaeo, III.,
2232.
wntcn is to be Improved with a six story and basement brlctt mill CDiislruction Coke Co. in V. 80, p. 2401.— V. 80, p.
tijildii:ii: covcniiK 45i xl20 ft., to co^t about ?3 ;U,M>"; also covers
4D0i5J2t>
Successor
C<.'mpany.— This coma plant
Dallas (Tex.) Ga? Co.—
It. on
h caiio Hivpr, with one story brife warehouse thereon. I'ompanv inthe
laws
under
of Te-xas on June 6
incorporate!
was
pnny
^^'''^'t" authorized capltil stock is $<,o()0.00', outpiaiidiiK;
',°
S?o?'i^«
belnif paid at the rate of 8 p. o. per annum quarterly,
! d'Videndsare
1.000,000 authorized capital stock, of which $300, Of is
with
i,
f
^'^ ^'"nds outstanding -l^rjO.OOU 4 p o. and *45,' 00 i\4 p. c. Presi
ir
J;dent. Eutene
H Kinhbnrn Treas., Chas. U. Kicbarde Sec, W. O. Green; 6 p. c. uon-Gumulative preferred (par of shares $100) to take
office, 81 Clark St Chicago.
over the property of the D dlas Qis & Fuel Co. (V. 71, p.
The Ciiy Council of Dtllas hag recently granted the
1.070).
Citlzenfe' Gas & Electric Co., Coum il Blaffs -New Mjrt?rjge.—A second mortgage has been made to the American company a 20- year franchise, limiting the price of gas to
jan & Trust Co. of Boston, as trustee, to secure $30,000 of $1 35 gross; $!. 25 net. The company agrees to extend and
5 p. c. gold bonds, principal and In'.ereet guaranteed by the improve the plant. A bond issue is contemplated. Directors:
Omaha Electric Light & Power Co., whuh owns the entire
Henry R. Wilson, Frank Tilford, J. O. O'Connor and H. A. Kahler,
all ot New York; J. E. Schneider, K. O. Tenlson, W. G. Breg, Thomas
|>'5'J,0C0 capital aluck.
Shearon and W. B. Styron of Dallas.
the present issue la $115,000, will provide
r^^t "®^ bonds, of whichlloa
Dallas (Tex.) G.s & Fuel Co.— See Dallas Gas Co. above.—
!n>f dtibt and for improvements.
IsHue
i„. S^njP''^.™^'^'' "^ '^"^
M.?«i, i*w.'^«^^• ^^°^' *^°^ M''i'<^li 1' 1»25, but subj c- to call after V. 71, p. 1070.
fr=.JPKi 'a ^l"',****'^*'*°''''°'>™P*"y>l° any amount, at 104; interest
D laware River Ferry Co.— Called Bonds —Ten bonds of
^ *°'l March 1 at offl e of trustee. There la a first mort5»^^
ga^e or. .v*?f
the Uonnoll Blufi-i Gub
Electric Co. Beciiring $250,000 30- 1891 (authorized issue f5tO,C0O) have been called for payment
due Nov 1, 1928; also a first mortgage of the on July 1 at 105 and interest at the Provident Life & TruRt
rf.wilP." 9, *'"'i^i^°'^^
^" * E.eotric, Co. seourinf?
$160,000 5 p. c. gold bonds Co. of Philadelphia, viz.: Nos. 1, 65,81,102,116,140,149,
h'iVrH T^
v^vi, u^*""- .V *^"}i,' ^^'^ *l°e Ja,"- !• 19^6 trustee of fioth Issues, New
^"<"0W
Nnw
York
Trust Co.). The Citizens' !il9, 293 and 427, -V. 77, p. 2283.
«^nrt f' ^ ^^^2,*J^''°»'^
Bluffy oorapanids were merged under the laws of New Jer?
Denver (Col.) Gas & Electric Co. -Descrtpfion of Plant,—
.«Vi^
sey
in
lirectors

t

.

,

'"'.*'

*'''^-

;

;

,

I

<fe

;

6

January. 1904.— V. 77, p. 253.
Cllizenb' Was, Electric Sc Power Co.
Electric Light Co. below.

&

ectrical World
E igineer" of June 3 contains a 5illustrated article regarding this company's plant.— V.
80, p. 1114.

The "E

-See Nantucket Qis page

;

June

THE CHRONICLE.

17, 1905.]

Detroit Irorn

Trade Review"

& SteelC«.—P/anf.— See description
Jane 1.— V.

of

la "Iroo

78, p. 2337.

Bexter Poitland Cemeat Co.— Neio Bonds.— The ahareholdotj Jane 15 on a proposition to
increase the indebtedness from $300,000 to $460,000. Joseph
ers will vote at Nizareth, Pa.,

Brobston, Secr©tary.~V.

72, p. 875.

Uomif.ion Ir^iu & Stetl Go.—SaU of Fonds.—The remaining 1 1,0! 0,000 2d mortgage 6 p. c. bonds recently sold were
ta&en by some of the directors and friends of the comi.any at
75, the pievions $1,500,000 having been placed at par.
Rail Conircct.—The "Iron Age" eays:
The Minister ol Railways and Canals haa given an order for 20,000
tons of Bteel rails to the Dominion Iron & Steel Co. Thev are to h»
laid en the Intercolonial line and mu6t be delivered b^fo^e ihe close of
the current year. If the contracts for a part of the Eastern division
of the Qrank Trnnk Pacific are jtivoQ out next autumn, as the Comnjiesioners expect, the Dominion Company's mill will be llkfly to have
orders from that quarter as well. The company Is now re.tdy, it is
nnd< ratood, to make rills up to the full capacity of Its rail plant.—
V. 80, p. 1481, 1425.

Eau Claire (Wis.) Sas Light Co.— Bonds

Offered.- Ddvitt,
Co., Chicago, are offering at par and interest
$160,000 first mortgage 5 p. c. gold bonds, dated Aprill, 190^,
due April 1, 1925 redeemable after April 1, 1915, at i03 and
interest interest payable Oct. 1 and April 1 at the Merchants' Loan
Trust Co., trustee, Chicago. Danominations,
circular says
$500 and |1,000.
Capital stock author;z6d, $250,000; issued, $160,000; in treasury,
$90,000. Bond issue limited to $250,000; outstanding, $160,000;
held in escrow for extensions Issuable at not exceeding 80 p. c. of
cost of eame (when net earnings are twice the interest o&arge on bonds
issued ana then to be issued), $90,000. For year ending Mar. 3 1, 1905,
gross earnings were $34,064 operating expenses (Inciudlng ineuranoe
and taxes), $17,904 net earnings, $16,160; interest on outstanding
bonds, $>:',000; surplus over Interest, $3,160. Annual sinking fund,
beginning with 1911, equal to 2 p. c. of bonds then outstanding.
Franchises are perpetual and without unfavorable restrictions.
David Douglas, the President and Manager, previously General
Superintendent of Minneapolis Gas Light Co., writes under date of
April 11 In 1901 the company constructed an entirely new [ooal]
gas works, buUalngs of brick and apparatus of most modern type
gasometer, capacity 110,000 cu. ft.; generating capacity of works
250,000 on. ft. per day. The distributing system consists of about 19
miles of mains and 1,350 meters in use. Company will lay about 5
miles of additional mains this year, adding aboiu 500 new customers.
Gas is sold for both light and fuel at from $1 40 to $1 20 per thousand
cable feet, and for maaufactaring parposes in large quantities as low
as $ I per thousand cubic feet. Sales of gas for year 1904 were 20,132,500 on. ft. Book value of plants and current assets, $319,305.
against which there la outstanding $160,000 first mort. 5 p. c. bonds.

Tremble

&

;

;

&

A

:

;

;

:

;

Edigoa Sftult Electric Co., Sault Ste Marie, Mich.—
Mortgage,— Th\B company has made a mortgage to the CenTrust Co, of New York, Trustee, to secure $500,000
bonds issuable for improvements and additions. The company began business in 1888, H. T. Danbar, President.
Edwards Electric Headlight Co., Lapr>rte, Ini.— Successor
tral

—

This company was incorporated in Indiana on
y.
24 with $250,0 JO nuthor'zBd capital stock and took over
ha property of tha Edwards Railroad Electric Light Co. ot
Cincinnati, which was bid in by M. K, Northam for the

Compa''

May

-tiCA

52 directora 28 shall be policyholders tf the society selected by or on
behalf of the policyholders.
3.
Mdiualization.— Trnstees may take any action necessary to
tffeot the mutuallzation of the soolety by giving the policyholders the
right to elect 28 of the directors.
4.
Upon mutuallzation the trnstees shall continue to elect the 24
minority directors In their uncontrolled dieoretloa.
5. Vacancies in the Board.— la case of vacancies in the board of
directors "the trusteas may make recommendations to the directors of
the society aa to the persons to be elected to fill such vacancies, to the
end that the purpoees of this agreement may Qe promptly and eflEeotually accomplished."
6. Action of Trustees Must be Unanuiods.— No vote shall be
cast upon eald stock for any purpose except with the unanimous approval of the trustees, bus the trustees may empower any one of their
number actually to cast their vote.
7. Vacancies in Board of Trustees shall be filled by the remaining trnstees. Any trustee rr ay resign.
8. Dividends on Stock Deposited shall go to Mr. Ryan.
9. Tbost AGREEMENT TO Continue as Long as Tbusteeb Shall
Deem Advisable —This agreement shall continue for the full term
years) authorized by New York statues and thereafter as long aa
(.'>

the trustees shall deem advisable. This agreement may, however, bs
terminated by the trustees in their discretion whenever in their
opinion its purposes have bean accomplished, or for any reason its termination Is In their opinion advisable.
10. Any Shareholder Mat Deposit his stock under this trust.

The trustees in a letter to ihe policy-holders say:
"In order that this policy-holding directorship may speedily reach
the numerical proportion of the entire board which is contemplated,
we have determined at an early date to recommei-d polloy-holtf ers to
be elected by the board to fill existing vacancies. We therefore urge
policy-holders to at once notify us of their preferences in regard to
these vacancies. All oommunlcatlona should be addressed to the trustees at the Equitable Building, No. 120 Broadway, New York City."
The Crimmioa committee of policy-holders have unanimously adopted a resolution approving the voting trust, and
by circular are urging the policyholders to give it support.
It is understood that one of the reforms that will be introduced will be the limiting of the society's investments to
practically a savings bank basis -~V. 80, n, 2401, 2347.
Farmer»' Co-operative Harvesting flaciilne Co. of Amer
Springfield, O.—Neto Plant.—This company has recently completed its plant, 400x60 ft., 3-8tory, for the manufacture of farm machinery, including binders and mowers;
also household articles. Authorized capital stock, $500,000.
W. M. Whitely writes:
ica,

Operates on the co-operative plan with the farmers for stockholders. No
bonds or preferred stock. There are about 10.000 shareholders at the present
time, which will be rapidly increased, averaging about f 100 eich. Uoods are
bouvht at a rebate from standard prices, participated in dividends of the company. The works are now in active operation, but to a limited extent of the
plan contemplated.— V. 79, p. 2±59.

Fisheries Company.--SaZeo/'fZanf.— A controlling interis announced, has been sold to S.
A. Tuska, G. R. Tuska and others controlling the Atlantic
Fisheries Co. of Virginia. New York office. No. 62 William
8t» The Messrs. Tuska have been elected respectively President and Vice-President, and a new board of directors has
been organized. Former President Captain N. B, Church
remains on the executive committee and in charge of manufacturing and fishing operations. Half of the $500,000 first
mortgage 63, we are informed, have been taken up at par,
and the remainder will be retired on July 1. The status of
the company otherwise remains unchanged.
Report.— The report for the calendar year 1904 showed:

est in the capital stock, it

bondholders.— V. 80, p, 1733.
Edwards Railroad Electric Light Co.— Reorgan zed.—
'See Edwards Electric Headlight Co. abcvo.— V. 80, p, 1782.
Total profits. 5977,245, against $1,572,498 In 1903; surplus over all
FqnifableLife Assnrnnfe SOiietj.— Majority of Sfoek Sold expenses
and charges $48,838, against $493,303. The catch was
and to be Trtisttd -Chuirman tdectM-R.iigrtauons Re- 38:«,000 barrels less than In 1903, and the price of domestic fish oil. of
ceiv d, — Late on June 9 announcement was made of the fol- which a large amount was carried forward from 1903, fell from 2c I3
cents per gallon to li ^> cents per gallon.
lowing important events:
.

1. A mnjorlty of the company's $100,000 capital stock haa been purchased from Vioe-Pregident Hyde by Thomas F. Ryan, the purchase
"being absolute and free from commitment as to future action." In
a letter made public on June 15 Mr. Ryan states that the amount of
stock purchased was $50,100; purchase price $?, 500,000. He fur
ther explains that he is the sole owner of this stock, and that no other
person or interest has contributed or has the right to contribute a single dollar toward ihe purohai^e, the poli.-y-holders previously mentioned in connection with the transaction havinsr aoteaia an advisory
capacity. The amount of stock retained by Mr. Hyde la said to be
$7,400 or $7,600.
2. The controUlDg interest will be (haa been) placed in the hands of
a boa:d of trustees havlcg no c> nnectlon with Wall St.
3. Ihe board of voting iruttees coneista of ex-Presldent Grover

Cleveland. Morgan J. O'BrJer, Pretiding Justice of the Appoilate Division of the Suprfme Court, and George Westluj-houee of
Plitsbnrgh, President of the Wesiinghouie Elec. & Miiiufaoturlng Co.
{Mr. Westlugbouee holds a policy in the company for $100,000; Judge
O'Brien for »bout $16O,C0O ]
4.
Paul Mortor, Secretary of the N^vy, has been elected Chairman
of the board of directors, with plenary powi-r over all the t fflcere and
bffalrsof Ihe soolety. To accept this position he relinquishes hisjropcfed connPCil"n with the syndicate which oontemplaies the building
of subways in New York Clry as tirjanots to the surface railways.
5.
The ie-)gi;atlonB of James *v. Alexander, Preeident; James

Hizsn Hjde,

Gac« E. Tarbel', Second VlccVic. -Presidenr,;
Preeidens George T. Wilson, Thlra Vice President, and William H
Molntyre. Fourth Vice-President, have been placed in the h<ind8 of
Mr. Morton, am j ct to whatt^ver action he may deem necessary after
State Superintendent Francln E. Hendrlofee has made public his report
on the investigation of the Equltable'a fciftklre.
ABSTRACT OF TKDST AGREEMENT DATED .JUNK 15, 1S05.
Parties.— Thomas F. Ryan of the flret part and Grover Cleveland,
Morgan J. O'Brien and George Westirghouse (trustees) of aeconi! part.
Fbe.oible.— Wtiereas the society has $l0o.0C0 capital stock, of
which $50,200 Is owned by Mr. Byan, and t2 directors, of -wh ch la
are elected annually; and whereas the plan for the mutna izitlon of
the soolety by giving the poUoj-holdws th-i right :o eleat 2S of the directors has hitherto been irevented bv litigation, and whereas it 1 daalred as far as practicable without farther delay to attain the leault

sought by such pi»n
1.

;

now

ther«*tore —

Stock Tku&TEBD.~Mr Ryan

$50,200 of stfck

trarsfers to

tfce

trustres the

purposoH of 'hie agreement.
2.
Trcstees to Elect as Majobitv Directorb the Nominees of
PoLiCTHi. LDEKs — At every annual election the irustet-s sbail so vote
said stock as to elect out of every 13 directors, t> seieoted in their
uncontrolled discretion by the trustees and 7 (all polioThciders) i omInated In writing prior to Nov. 1 in eaoh 3 ear by h Hers of policies
which have been in force more than one year, to the end that of the
lor tiie

balance sheet of dec.

"Assets.

31, 1904.

Factories, real estate, etc., Sl,667,629 patents, good-will, etc., $1,26:',7t<5
office furniture 'and fixtures. §2,761
merchandise on hand, $858,853
bondg purchased, $1,525; cash, |404,9£il; sundry dtblors, 1261,3(4; total, ^3,«52,;

;

;

7t8.
SslLiabilities.— Preferred stock, §?,000,000; common stock, $532,767; first mortKage bonds, Siuo.OO'i; sundry creditors, 112,322; reserve fund account, (521,467;
profit and loss account, $3-5t>,21i; total, f3,;62,7t28.— V. 75, p. 1149.

—

Creek l-oal & Iroa Co. S'aZe of Car Trust Bonds,
Mercantile Deposit & Trust Co. of Baltimore recently
purchased $150,000 43^ p. c. car trust bonds, which are secured by rolliog stocK that actually cost $285, C03. These
bonds will be retired $10,000 June 1, 1905, and a like amount
annually thereafter.— V. 76, p. 708, 385.
Greene Consolidated Copper Co.— Owfpttf.— President W.
C. Greene, in a circular dated June 5, gives as follows the
production of buUioii, etc , for May, 19C5 [earlier months
CJeorge's

—The

annexed for comparison,— Ed

],

and eays:
Mar, '05.

Mai/, '05. Apr., 'OS.

Bullion

Feb., '05. Jan., '05.

(Ib^.)
5.869,000 4.944,492
(lbs.).. .8,869.000
Not

4,831,596 ^,066, 531 4.834,054
3,250,400 2,99»,«00 5,224,000
Aver, price (cts.). 14-937 reported.
15-369
15-329
15 239
The production of copper for May was 5,869,000 lbs., containing as
bl-prodncts 38,970 ounces of silver aad 292 593-1000 ounces of gold.
On June 3, 1905, dividend No. 12 of $34'>,t300, being 40 cents per
share [par $10], was declared, payable June 20, making an aggregate
of $2,f>12,000 in dividends declared. The reduction in the mining tax
under the new mining law of Mexico from $i0 to $.; per pertenencla
win t fleet a savlUK In the mining tax on the property of $48,000 per
annum. The opening of the Dawson coal fields since the acquisition
of the El Paso <fe Northeastern properties by Phelps, Dodge & Co., will
also probably eflect the saviug of over $200,000 per annum in the cost

Copper sold

Number
Dividend No

of fuel.

of stockholders, 4,670.

10, paid Feb. 2^, 1905, and No. 11, paid April
well as No. 12, now deolar«d payable June 20, were
eaoh 40 cents per thare (4 p. c.) so that thus far in 1905, dividend distributions have been made every two mcnihs at the
rate of "^i p. c. per annum. No circular was issued in May.
Resignation.— Renry Ollesheimer has resigned from th&
board of directors of this company, and with E B, Tuatin
has also handed in his resignation as director of the G-reene
Consolidated Gold Co. and the Greene Consolidated GoldSilver Co.— V. 80, p. 1732, 1481.

20, as

:

THE CHRONICLE.

24G2

Green' Conio idated Gold Co. —See Greene Consolidated
Cjpper Cj. above,— V. 80, p. 1061.

Hannawa FaUs Water Power
cisscr.—See Northern

Co.,

Potsdam, N. T.— Smc-

Power Co. below.— V.

75, p. 1357.

Hiiitfyrd (Coan.) Ekctric Light Co.—Nsu> Securities,—
This company, which has ontsianding $1,600,000 capital
stock and a bond issue of |20 ,000 (opticnal at $100 in December) has obtaiLed authority from the Connecticut L sislature to increase its limit of capital stock issns from $2,OJ0,to |3,000 000. and to
COO, the present authoriz d amouuf
make a bond issue for 12,000,00 .\ but not to ex.-eed threequarters of paid-up capital stock. The proceeds of the bonds
will be used to take up the bond issue optional next D.oember, and to provide for improvements and additions to the
property as from time to time required. V. 79, p. 630.
,

—

Hejwood

Bros,

& Wakefield Qo.—All Accumulated

Divi-

dends Paid.— This company paid on June 7 a dividend of 2%
p. c. on its preferred shares to stock of record of June 1,
With this payment the preferred stock ($4,000,000)
1905.
has received its full cumulative dividends of 6 p. o. per annum, the next regular semi-annual dividend being payable
Sept. 1, In June, 1901, a similar extra dividend of 2^ p. c.
was paid, leaving the ansount unpaid %% p. c. as above
stated.
Common stock, $3,000,000; parof shares, $100. Main
cffice, Gardner, Mas?.
V. 72, p. 1240.
Hudson Iron Co., Secancns. N. J. —Description of Plant,—
See " Iron Trade Review" of June 8.— V. 79, p. 639.
Imperial Paper Mills, Sturgeon Falls, Osii.—Debentures
Offered. -Thv& company, owning paper and pulp mills at
Sturgeon Falls, Oat., March 21 offered at par in Londoa
£60,000 6 p. c. debentures, being the remainder of an authorized issue of £200,000 debentures of £i00 each.
A circular says in part
£140,000 of the above Issae of debentures bas already been eabsorlbed (£82,600 having been taken in exohange by the holders of an
equivalent amount of 6 p. o. debentures of the Sturgeon Falls Palp
Co. Limited). The debentures carry an additional Interest of one per
cent per annum so long as any of the prior lien bonds remain unredeemed 'jlnterest payable half yearly on July and Jan 1. The debentures are secured by a mortgage deed of trust (Thomas Oarrltt and
David Sinclair, both of London, England, trustees), ana after payment
of the prior Hen bonds will constitute a first charge on the property.
The debentures will mature at a premium of 5 p. o. on Jan. 1, 1953,
but are repayable at same premium at any time previously on six
months notice by company; on any distribution of assets upon the
reoonstraotlon or amalgamation of the company with another company before Jan. 1, 1953, the debentnies are also repayable at premium
of 5 per cent.
Nominal capital, $3,000,000, divided Into $1,000,000 7 p. c. preferpreference stock
ence stock and $2,000,C00 ordinary stock $500,0
remains unissued. The company has agreed to set aside for the re
demption of the £100,000 prior lien bunds, one-half of its net profits
after payment of Interest on bonds and debentures
Upwards of
£200,000 has been spent on the erection of the mills and machinery
and the development of the water power and other properties, and
the mills are now producing from 45 to 50 tons of paper per day. at
which rate of output a net profit of, say £2!^,C0J to £30,000 pet annum
should be earned. As the result of various improvements now being
made, this output ehould be considerably Increased, with a still
greater extension of prcfits. The preeent production of the mills is
over-sold at favorable prices, and the »<xtstlDg plant is InsuflBoient to
cope with the orders in hand. Secretary and London cffloe, F. Oraham
Lloyd. 40 King St., Cheapslde, London, E. O.-V. 78, p. 2014, V. 77.
p. 1749.
;

Independent Telephone Securities Co.— Change in Control.-Ste Rochester (N. Y.) Telephone Co. in V. 80, p. 2402.

—V.

International Mercantile Marine Co.— Meeting Postponed.
set for June 5 was postponed until June
28.— V. 80, p. 1426, 1000.
International Steam Pnmp Co.— New Director.— J. B,
HagRin has been elected a director to succeed H. B. Hjilins,
resigned.— V. 80, p. 1916.
Jackson Iron & Tin Plate Co.—Successor Company.—
The Phillips Sheet & Tin Plate Co., it is stated, has been incorporated in W- St Virginia with $200,000 stock to take over
the property. See V. 80, p. 1733.
Lancaster (Pa.) Electric Light, Heat & Power Co.— Settlemtnt.— The long standing contest for control was ended on
May 2, when the following compromise board was elected:
W. F. Beyer, George B. Wilson, H. A. Mettfett, Lancaster; G. Searng WUson, J. B. Lewis, W. E. Fritz, Charles H. Burr, Phlladelptiia.
Capital stock, $150,000 (or $200,000 ?), on which dividends
are eald to have been paid at the rate of 7 p. c. per annum.
Bond issue $100,000 of 30 year first mortgage 5s, issued in 1888.
Long Island Consolidated Electrical Companies.— lacorpnrated.—ThiB company was icjcorporated at Albany on
March 30 with $25,0(0 capital stock, in shares of $100 each,
evidently as an adjunct of the Long Inland RR, Co. (Penn-

The auEual meeting

RR

I.

XXX.

being due to the fact that in the previous year dividends for
only six months were received from the Bay State, Boston,
Roxbury and South Boston companies. Assumiug the amount
received from interest to be the same as in the previous year
($678,286) and the current expenses also to be the same
($20,357), a surplus of $498,495 is estimated as remaining over
and above the 4 p. c. dividends (aggregating $1,000,000) on
the preferred sto:k, as against $352,060 for the year 1908 04.
ConscliJation of SabtidijLries.-iiee Boston Consolidated

Gas Co above.— V.

80, p. 1974, 1482.

Massillon (0.) Coal Mining Co.— Joint Mortgage.— This
the Wheeling & Like Erie Coal Cj. have
jointly mortgaged their properties in Summit, Stark and
Wayne counties, O., to the Guardian Savings & Trust Co. of
Cleveland, trustee, to secure an issue of $160,0j0 bonds.
The new bonds are dated Nov. 1, 1904, and mature $8,000 semi-

company and

annually beginning May 1, 1905; denomination, $l,ooo, gold. Interest
6 p.
per annum, payable May 1 and Nov. 1 at offioe of trustee; a
first mortgage on the properties of the Wheeling & Lake Erie Coal
Mining Oo. and a second mortgage, subjuot to $700,000 outstanding
bonds, on property of Massillon Goal Mining Co.

Mexican International Improvement Co,— Called Bonds.
—This company has called fcr redemption on July 1 $75,000
of its bonds, $37,500 being of the par value of $500 and the
remainder par value $100. Said bonds and future coupons
will be paid only at the office of the company, Tiburoio
Street, No. 6, City of Mexico.
E. Berthier is Secretary.—
V. 79, p. 2750.

Mexican Light & Power Co.— Acquisition.—New Mort-

gage.— A

from the

city of Mexico states that
the light and power plants of
that city and has paid for the Mexican Q:i3 & Electric Co.
$5,000, OOj and for the San Ildefonso Lighting Co. $4,000,000
in stock and $2,000,030 in bonde. Authority, it is stated, will
be asked to make an Issue of |20,OCO,000 consolidated 1st mortgage bonds.
first mortgage for $12,000,000 was made in
19<j8, of which at last accounts $8,500,000 was outstanding.
See V. 76, p. 366.—V. 80, p. 475.

this

Teresa 6iBT^&toh.

company has purchased

all

A

Mexican Oil Corporation, Limited.— Listed in London.—
The London Stock Exchange has granted a quotation to this
company's capital stock, viz.: Eight shares of £1 each, fully
paid, Nos. 1 to 8; and 80,000 shares of £i each, fully paid,
Nos. 20,009 to 100,008.

Milwaukee Coke & Gas Co.- Important Extension.— The
"Iron Age" says that active work has begun on the construction of an addition to the coke plant of 80 new ovens,
which are expected to be completed by Jan. 1.
"This new battery of ovens will double the capacity of the company,
giving it a total of 160 ovens, with a capacity of 1,000 tons of coke a
day. The plant will consume 500,000 tons of soft coal per annum.
The coal is mined at the company's mines In West Virginia, transported to Toledo by rail, thence to Milwaukee by boat."— V. 79, p. 8460.

Mnncle (Ind.) Palp Co.— Mill in Hands of Bondholders.—

No

adequate bid having been received at the receiver's sale
on May 37, the property, it is expected, will pass into the
hands of the bondholders, represented by Fred W. Jaeger,
134 Mulberry St., New York.—V. 80, p. 1734.

Nantacket (Mass.) Gas & Electric Light Co.— So/d.— This
company's property has been sold under foreclosure and
transferred to a new corporation, the Citizens' Gas, Electric
Power Co. of Nantucket, Mass., organized with $26,000
new stock in $100 shares, but no bonds. President, Sidney
Chase of Boston; Treas. and Gan. Mgr,, William F. Codd.—

&

80, p. 1733.

sylvania

[YOT,.

V. 60, p. 1838, 1000.

New Orleans Brewing Co.— Called Bonis.—The company
has called for redemption its entire issue of 5 p. c. gold bonds
of 1900, and they will be paid at 105 and interest in New Orleans on June 30 by the Germania Savings Bank & Trust Co.
-V.

73, p. 35,

New River & Pocahontas Consolidated Coal Co.—Nlw
Company. —This company was incorporated in New Jersey
on May 25 with $10,010,000 of authorizad capital stock. Incorporators Harry A Berwind, Philadelphia; John E. Berwind. New York City; E J. Strain; S, B. Chase; H. C. MidThe Philadelphia " Ledger " says
dle ton.
It is the purpose of the company to take over and operate several
:

:

large tracts of West Virginia coal lands which the Berwind- White syndicate recently purchased. The Berwind Interests recently purohastd
the West Virginia proiiertles owned by O Lionel W. P. Bend of Cincinnati and the J. L Buery estate of Baei y, V Va. The tracts aggregate
about 10.000 acres of valuab e coal lands on the New River and in the
Pocahontas regions of the Little Mountain State.

New York Air Brake Co —Favorable Deciiion.—Qee WestInghouse Air Brake Co. below. —V. 79, p. 217.
New York

)

Authorized to construct, extend, repair and Improve and furnish the
motive power for railroads and other works, and to aid therein also
to acquire the stocks and bonds of any oorporation and issue in ex
change therefor its own s'.ocks. Directors and their shareholdings
Dunaont Oatk*', 60 nhares, and W.»lter G. Oakman. 60, both of New
Y'rk Olty; Thomas Do Wilt (;uy)er. 5D, John P. Green, 50, Samuel
Rea, 60, Charles E Pu<;h and 8. M. Provost, of Philadelphia William
t. I otter, since deceased, of Flushing, L. I.; Ciiarles E.
Aldlson, of
iSempstead, L. I.

U

Matkui Companies.- 4i5prorc(Z. -The shareholdc rs on June

p

State (Jas Commiifcion

—See

Consolidated

Qm

Co. above.

;

:

;

15 adopted

th-j

V. eo, p. 1974.

proposed changes in tho deed of trust.

See

MaBBEchuHelts Gas Cos.— iZtce^p's— Tue " Boston News
Bureau " figures that this company's receipts from dividends
rortheflecal year ending June 30, 1906, aggregate $810,466,
contrasting with $594,081 for the previous year, the difference

North American Co.— Purchase.—The purchase of the
.ited States G.iS, Coal & Coke Co., etc., has been arranged,
and, it is ttated, will be financed by an issue of bonds. The

coal output will be greatly increased.

Sea V.

80, p. 2349.

Northern Power Co., Potsdam, N. Y.—Beorgan'.zei Cominy.-ThiB company has been incorporated with $100,000

H iuawa Falls

<apital stock as a reorganization of the
Tappen, of Potsdam,
Power Co. O.
Hdnnawa Co., V. 75, p. 1357.

H

is

Water

interested.

See

Passaic Steel Co. of Paterson.— iVcUJ Fr^* ufji J— Niven
McConneil, who was recently elected Vioe-President and General Manager, was on May 25th elected to the presidency, and

June

THE CHRONICLE.

17, 1905.
|

already has plans under way for a complete change of the
policy and operation of the works. To provide the funds for
carrying out Mr. McConnell's ideas, which include Important
changes in the arrangement of the mill and the addition of
new worbs, the stockholders recently authorized an issue of
|1,C00,000 preferred stock. Mr. McConnell Is a practical
steel man of wide experience.— V. 80, p. 1368.

Piltsbargh Coal Co. (of

New

3 eir»6j).— Listed -The

New

York Stock Exchange has

listed $3 576,300 additional preferred stock and |3, 290,400 common stock, making the- total
The additional stock has
listed $32,000,000 of each class.

been sold for the purpose of acquiring further working capital, which will be used in extending the operations of the
company, particularly in storing and carrying stocks of coal
on the docks of the company located on the Great Lakes.

Compare V.

80, p. 1919, 2224.

2463

at Fresno. Two new hydro-electric plants of
3,500 horse-power each are to be built, one being now in progress; these will increase the total capacity, it is stated, to
19,500 horse-power. Extensions to various towns are also
projected, The directors, who include several, if not all of
the board, are:
President, W. G. Kerokhoff; Vice President, A. O. Baloh, K. Cohn,
H. W. O'Melveny, Los Angeles, and A. Haas, San Francisco. See V.
76, p. 387.

Power Co.

San Joaquin Power Co.above.— V. 76, p. 887.

-See

San Joaquin Light

& Power

Co.,

Seattle-Tacoma Power Co.— Loan,— N. W. Harris & Co.
confirm the report that they have loaned the company $1,500,000 for the purpose of retiring bonds put out in 1899 and to
provide^for floating debt and developing the water power at
Snoqualmie Falls, near Seattle. See V. 79, p. 3591.

Shawlulgan ff ater & Power Co.— Listed in London.—The
Portland (Ore.) General Electric Co.— Bonds Offered.—
N. W. Harris & Co., Boston, New York and Chicago, and London Stock Exchange has;iisted]scrip (fully and partly paid)
Perry. Coflao & Burr, Boston, are offering at 103>^ and inter- for $2,000,000 5 p. c. consolidated 1st mortgage bonds.— Vo
est, $4,C0fi,000 of this company's first mortgage 5 p. c. gold 80, p. 1486, 1179.
bonds of $1,000 each, dated Julyl, 1905, due July 1, 1935,
Sheridan (Wyo.) Coal Co.— Called Bonds.- Twenty-four
optional at 107}4 »°d interest on and after July 1, 1915; in($24,000) mortgage bonds of 1903 have been called for reterest payable Jan. 1 and Julv 1 in New York; United States
demotion and will be paid at par and interest at the office of
Mortgage & Trust Co., New York, trustee. These bonds are
the Union Trust Co,, Chicago, trustee, on July 1, 1905.
a firsi and only mortgage.
Company incorporated In Nebraska June 5, 1903. Authorized capital stock,
President H. W. Goode, writing under date of June 5, says: $1,000,000; par of shares, llOO. Owns ccal mines at Dletz, Wye, Danforth,
Mo.. HlgginsvlUe, Mo., and Puller, Kan., all covered by mortgage of 1908. This
Organization.— Company organized In 1892 and shortly thereafter mortgage
secures $Wo,t 00 of 8 p. c. gold bonds of 11,000 each, due July 1, 1983,
acquired the yalnable water power and oanal oonapanles at Oregon
City, together with all of the electric light and power companies operating in and about Portland and Oregon City, Ore. Operating under
franohlseB nnllmtted in time, it does the entire public and commercial
electric light and power business of Portland and surrounding territory, with a present estimated population in excess of 135,000, and in
addftlon supplies the city's street railway system with the greater
part of its DOwer.
Financial Statement.— Capital stock outstanding: Preferred,
§1,250,000 common, $2,500,000. Bonded debt 1st mortgage 5s
Present issue, $4,000,000 in escrow for permanent improvements,
extensions, etc., unaer conservative restrictions, $6,000,000; total
bonds authorized, $10,000,000. The escrow bonds may be issued for
only 75 p. o. of the cash cost of future permanent improvements and
betterments, provided the net earnings for the preceding year were
equal to 75 p. o. in excess of the interest charge on all bonds outstanding, together with those proposed to be issued.
Eaenings.— The earnings have shown a steady development for
many years, the increase in gross for the years 1903 and 1904. being,
respectively, l.'S and 23 p.c. over the previous years. For the year ending April 30, 1905, the gross earnings were $741,302; operating expenses and taxes, $320,830; net earnings. $420,412 annual Interest
on $4,000,000 bonds, $200,000; surplus, $220,412. The net earnings
applicable to bond Interest for the flrst four months of 1905 show an
Increase of 41 p. c. over the corresponding period of 1904.
Bond Issue.-The bonds are secured by a Hret mortgage on all property, rights and franchises now owned or hereafter acquired; $4,000,000 will be Issued forthwith to retire $2,500,000 first mortgage 6 p. o.
bonds (entire Icsnei.to ray for Improvements nownearlng completion,
and to retire fl:)atlng debt recently created for extensloiis and improvements to plant. Inventory of Deo. 31, 1904, $.5,968,006, exclusive of the valuable franchises. Sinking fund oommencingMayi, 1915,
is to amount to one p. o. per annum on all bonds outstanding.
Plant, Franchises, Etc.— The generating plant consists of two
principal stations, one located at Oregon City, about 14 miles from
Portland, and operated by water power from the falls on the west
bank of the Willamette River, and the other a large new steam plant
fully equipped with modern steam f nglnes of both vertical and tnr
bine type, situated in Portland. Present machinery capacity of the
water power plants, 8,600 electric horse power; stenm plants, 10,000
electric horsepower; total, 18,600 electiic horse power. During the
last two years the company has expended nearly $1,000,000 in increasing the capacity of Its plants and in the uniftoatlon and Improvement of Its systems. As soon as occasion requires, it is proposed to
construct another water power plant on the east bank of the river at
Oregon City, of an ultimate capacity of 30,000 horse power. Company
owns valuable real estate In Portland and at Oregon City, at the latter
point controlling the falls on both sides of the river, together with
oanal and looks. The water power privileges, together with tolls from
locks and canal, are now earning for the company $95,000 net per annum (exclusive of any allowance for 8,600 electrical horse power for
company's own purposes). Franchises are uolimited la time and satisfactory from a business standpoint. Population of city is rapidly Increasing, viz.: In 1890 it was 46,3s5 in 1900 it was 90,426 In 1905,
estimated at 125,000.
"A large (a controlling) interest in the company is owned
by New York capitalists of financial strength and experience
in large business enterprises, the local management being
both able and aggressive."—V. 79, p. 1268.
:

:

;

;

;

;

;

Procter & Gamble Co.— Exchange of Stock,— The stock
transfer books of the old (New Jersey) corporation will be
closed permanently at 12 M., June 20, 1905, and the Central
S.ife Depo'sit Co. of Cincinnati on July 1, 1905, will
Trust
issue in exchange for the certificates of deposit properly enGamble
dorsed the new certificates of stock In the Procter
Co. of Ohio. See notice in advertising columns of last week's

&

&

Chronicle.— V.

80, p. 1916, 665.

San Diego Consolidated Gas & Electric Co.— New Company— Mortgage,— ThiB company, which recently succeeded
to the property of the San Diego Gas & Electric Lght Co.,
has authorized the making of a mortgage to the American
Trust & Savings Bank of Chicago, trustee, to secure $1,500,000 of 80-year 5 p. c. bonds of $1,000 each, a portiou of which
will be used to provide for extension'^ and betterments. H.
M. Byllesby
Co., New York L'ft Boilding, Oblostgo, it is
understood, are interested. Capital stock said to be $1,50J,000.
The San Diego Gas & Eleo. Light Co. began operations in 1886. At
last accounts it had outstanding $o00,00u stock and $325,000 6 p. c.
bonds. Central Trust Co., trustee.
San Joaqain Light & Power Co.— Mortgage.— Thu shareholders will vote at the Wilcox Building, Los Angeles, on
July 25, on aulhcrlzing an. issue of $3,000,000 bonds. The
company was recently Incorporated with $3,000,000 authorized capital stock and took over the plant of the San Joaquin

&

,

but entire issue subject to

call at 106

and interest on any Interest period.

Sinlttng fund, $24,000 yearly. Interest pavable Jan. 1 and July 1 at office of
trustee. No prior liens. President. G. W. Megeath: Secretary, H. Y, Read-

Inger; Treasurer, A. P.

Whitmore.

SloBS-Slielfield Steel &
for the three and the six

estimated), were:
3 inos. ending

Net
earnings.

1905 (estimated)
1904 (actual)

$428,4Md
273,485

6 mos.—
1904-5 (estimated) ....$783,669

480,914

May 31,

Omaba, Neb.

Iron Co.— Earnings.—Tixe results
months ending May 31, 1905 (May

May 31—

1903-4 (actual)
Total surplus

Office,

Preferred
dividend.

Balance,

$60,000
60,000

$114.,000

114,C00

$254,485
104,485

$120,000
120.000

$228,000
228,000

$435,669
132,914

Interest

and

taxes.

surplus.

1905 (estimated), $2,729,730.

Director.— 3. N. Wallace has been elected a director to succeed William Strong, deceased.—V. 80, p. 1361, 1366, 1378.

Storage Power Co.— 5itif.— William A. Brady has a suit
pending before Judge Gildersleeve of the Supreme Court of
tbis State against the directors of the company to recover
$9, COO which he claims to have invested in purchasing stock

of the company, at par, on the strength of a prospectus
alleged to have been traucSulently misleading, the stock, according to the plaintiff, having proved to be worthless. The
directors deny the truth of tHe allegations. —V. 77, p. 150.

Uoited Copper Co.~Favr>rable Decision.-See Amalgamated Copper Co. above.— V. 80, p. 1916, 1486.

Uaited Electric Light Co. of Springfield, Mass.— New
on Mar. 24, 1905, are allowed

iSiocfc.— Stockholders of record

to subscribe pro rata to the extent of one-fourth of their
holdings to the $200,000 new stock at $160 per share, payable
on July 3. This will increase stock to $1,000,000. ail of one
Bonds are $200,000 debentures, 5 p. c. int., due 1917;
class.
interest A.
O.— Sae V. 80, p. 2402.

&

United Shoe Machiuery Corpnration.- See report of
United Shoe Machinery Co. on page 2456 —V. 80, p. 1862.
United States Mining Co., Vtah.—New Stock.—The shareholders voted on June 14 to increase the capital stock
from $12,600,000 to $15,000,000 (par of shares, $25), to provide for "increasing the efficiency of your company, especially
in the refining and smelting business connected therewith,"
through, it Is said, the construction of two new refineries.
The company, has recently closed a three-years' contract
with the Mammoth Mining Co. of Tintic (V. 79, p. 1268) for
the treatment of Its entire output, and, it is stated, hopes late
in the year to begin handling thereunder some 15,000,000
pounds per annum. Shareholders of record July 1 are entitled on or before July 15 to subscribe and pay for at par
$l,750,C0O of the new stock to the extent of one share for
every seven shares now held.
I>iuidends.— Two dividends have been paid, viz.: 50 cents
a share (2 p. c.) in August, 1904, and the same on Feb. 15,
1905; total to date, $479,200.
third dividend of 75 cents
per share (3 p. c.) has now been declared, payable July 15 to
holders of record July 1.—V. 79, p. 1334.

A

We

United States & Nicarasraa Co.—Status.—
were recently favored with the following information:
This company, Incorporated In Maine in May, 1903, owns in fee
10,000 square miles of highly mineralized copper, silver and gold
lands in iSloaragua. It also contiols (1) by ownership of the entire
capital stock the Great Central By. of Nioaragua, which operates a
dally steamer service on the Coco River from Port Deltrlok to Klplaplni, 255 miles, and has completed surveys for a railroad from Klssallyah via Pittsburgh at head waters of Washuk River, etc., 120 miles,
construction to begin this fall; also (2) controls American Mining Co.
aod New York & Nicaragua Co.
Authorized capital stock $20,000,000, all of one class, outstanding
$10,000,000, par of shares $100. A mortgage covering the 10,000
square miles of mineral lands is being drawn to secure an issue of
$10,000,000 6 p. 0. 20 year gold bonds, with sinking fund pro-.lslon
after the 6th year; interest to be payable at office of trustee, probably
Standard Trust Co. of New York. OlHoors, M. K. Salebury, President.
Pittsburgh, Pa.; Secretary and Treasurer, \Vm. M. Bees. The Great
Central Ry. has no bonds or mortgage; Us President is Robert Pitnalrn,
PltteourKh, Pa.
See statement in ofllolal guide.
Qeu.-ral (Hloea,
Farmers' Bank Building. Pittsburgh. Pa., and Park Bow Building.
New York. See aleo V. 76, p. Iil2.-V.' tiO, p. 1082.
,

3

THE CHRONICLE.

2464

Tiiited States Babber Co.— PZan Operative.—The plan
for acquiribg control of the Rubber Goods Manufacturing
Co. has been declarpd operative, 176,247 shares (over 70 p. c )
of the stock of the Manufacturing Company having assented.

See V.

80, p. 1977, 2325.

[Vol. lxxx.

^b^ ®0mmercial

jinxes*
i*w>^>^*.wrf^^^iif>^^^0<»<V

COMMERCIAL EPITOME

United States Steel Corporation.— CaJied Bonds.- On
Fbidat Night, June 16, 1906.
July 1 there will be paid at the Fidelitv Title & Trust Co. in
Seasonable weather conditions have been reported frcm
Pittsburgh $100,0C0 bonds of the H. C. Fxick Coke Co. drawn practically all sections of the country and this has served to
for redemption at 105 and interest.— V. »0, p. 1923, 1788.
stimulate, to some extent, business with jobbers and retailers.
United Water ii&s & Electric Co., Sedalia, Mo.—Sale.— The placing of new orders with marufacturers and dealers,
A press dispatch from Sedalia states that this company has however, has continued to lack spirit, the usual summer
been sold by Horace Ramsey and Joseph Clark of St. Louis dulness beginning to show itself In a number of lines, and
to B. 8. Whaley o f Boston and other lEastern capitalists for buyers also have been showing a tendency to keep their purabout $700,000. "It is understood that the Sedalia Gas Co. chases well within current wants. A noteworthy exception
property, controlled by Col. Green of St. Louis, will also be to this general rule has been found in the cotton-goods trade,
taken by the new company, which will then have control of where business has been reported brisk, and buyers are exSee periencing much difficulty in obtaining supplies as rapidly as
all public utilities except the steam-heating plant."
V. 78, p. 2606, 2390.
desired. The demand for pig iron has continued light, and
prices have been sagging. Tiie monthly report of the GdvEarnings
^uarfcr/j/.TTestern Union Telegraph Co.(partly estimated) for the quarter and the twelve months ernment's Agricultural Bureau foreshadowed good yields
from the growing grain crops.
ending June 80 were:
Lard on the spot has continued to meet with a light sale»
Ntt
Inlerett
Balaiice,
en
d'g
Dividend$
mot.
3
surplut.
revenue.
charge.
paid.
June 30—
both exporters and refiners being slow buyers, but as offer1905 (est.)
$1,760,000
$3SM0O $1,217,031 $201,679 ings have been small prices have been well maintained. The
293,223
1904 (aotoal)
1.802.792
292,550
1.217.019
close was quiet at 7-25c. for prime Western and 6 75 for prime
j2 months. —
1904-6 (est.)
$7,237,058 $1,227,200 $4,868,083 $1,141,775 City. Refined lard bas been dull but steady, closing at 7*853,
1903-4 (aotaal)

7.887.474

1.157.700

4.888,070

1.861,704

Total surplus (estimated) June 80, 1&05, was $16,023,203.—
V. 80, p. 1427, 1062.
Wefctinghonse Air Brake Co.—Netc O^ers— The following
officers

have been elected

Bat.

as Fourth Vice-Preeldent; R. F. Emery, Seoretary and Assistant
Treasurer; E. A. Craig, Auditor and Assistant Saoretary.

Decidon.—The United States Circuit Court of Appeals on
Monday, Judge Wallace writing the opinion, reversed the
decision of the lower court, which awarded the company
damages against the New York Air Brake Co. for infringement of patent covering the emergency valve of the Westinghouse automatic air brake. The Court of Appeals holds that
the valve is merely an attachment and that only nominal
damages should have been granted. Compare V. 79, p, 217.
79, p. 1265.

Westinghonse Electric & Mannfdctaring Co.— New Executire.— E. M. Herr, for seven years Vice-Presideat and General Manager of the Westinghonse Air Brake Co. was recently elected First Vice-President and Chief Executive under
the PreeiJent. It is said that the works at East Pittsbargb
have never in the history of the company been so busy with
the construction of electric railway apparatus as at present.—
V. 80, p. 1487, 1374.
Wilkesbarre Gas &, Electric Co.—Listid in PMladtlphii,—
The Philadelphia Stock Exchange has listed $1,498,500 cap
ital Btock (par of shares $100, full paid), and $1,020,090 consolidated mortgage 5 p. c. gold bonds. Sea V. 80, p. 226.
Ekiri inga.-The earnings for the three months ending

March

31, 1905,

compared with combined

ent companies for the
Period.

results of constituyears, were :
Net.
Oharget. Surplut.
$87,078 $27,506
$9,560
138,348
55,071
73.172
95.376
53,660
42,728

two preceding calendar
Qross.

3 mos. end. March 31, 1905.... $72,842
267,278
Calendar year 1901
Calendar year 1903
224,951

—See V.

DAII.T CLOSIHO FBIOEB

:

A. L. Humphreys, who has been Western Manager, with headqaarters at Cbloago, as General Manasrer to enoceed E. M. Herr. resigned,
the latter remaining a director; John F. Miller (who was Seoretary)

—V.

for refined for the Continent. Speculation in lard for future
delivery has been quiet, but prices have been advanced
slightly on support from packers. The close was quiet.

80, p. 226.

Jnlydel'y
Sept. del'y
Oct. delivery

7-23i«
7-42i«
7-42»«

OF LABD FnTUBBB

Mon.
7-36

745
....

VS 0HICA.OO.
Thurt. Fri.
7-22i«
7-27i«
7-30
7-42i«
7'47i»
7-50
7*45
7'52ifl 760

Wed.

Tuet.
7-22ia
7-42>*
....

A dull market has been reported for pork,

but prices have

held fairly steady, closing at $13 25® 13 75 for mess, $13®
Cut meats
15 for short clear and |15 00@16 50 for family.
have been in moderate demand and firmer for pickled bellies,
closing at 5^@6c. for pickled shoulders, 7?^@9i^c. for
pickled bellies, 16@10 lbs. average, and 10@103^c. for pickled
hams. Beef has continued dull ,with prices quoted at |10
for
mess, $11 50@12 50 for packet, |12 5l'@13 50 for
family and $19@25 50 for extra India mess in tcs.
Tallow has been steadier, closing with sellers holdStearines have been quiet but steady
ing for 45^0.
stearine.
at 8c. for lard stearine and 7>^c. for oleo
Cotton-seed oil has been active at lower prices, closing at
28@283^c. for prime yellow. Butter has declined under free
offerings, but the close was firmer at 16J^@*03^o. for creamery. Cheese has been quiet but prices have been well maintained, closing at 8>|@9;^c. for State factory, full cream.
Fresh eggs have been in full supply; prices for desirable
grades have held steady, closing at 17@18c. for best Western.
Brazil grades of coffee have continued in light demand,
but there has been a steadier tone, re fl acting firmer advices
from European markets. The close was firm at l%o, for Rio
No. 7 and 83.^@8J^o. for Santos No. 4. West India growths
have been quiet, but receipts have been small and prices have
held steady at 9@9.^c. for pood Cucuta and lC?4@llc. for
good average Bogota. East India growths have been dull.
Speculation in the market for contracts has been moderately
active and prices have advanced on buying by European inThe close was
terests and by local shorts to cover contracts.
fairly active and higher.
Following were the closing asked prices :

Jane...._

6*40s.

Bept

6-65o.

I

Deo

6-95o.

6*75o. Jan
„^. 7'OOo.
6'45c. Oct
and West End Ave., having Joly...
Berkeley School, 72d
7-10o..
6*85o. March
6"55o. Nov
Aug
had a successful year, announces the appointment as head
sugars have been more freely offered and prices have
Raw
master of Edward C. Durfee of Philadelphia, a Willian^s declined, closing at
4J^c. for centrifugals, 96-deg. test, and
graduate and a teacher of large experience. Mr. Darfee suc8%c. for muhoovado, 89-deg. test. The demand tor refined
ceeds W. W. Smith, who has been called to the presidency of
sugar has continued disappointing; prices have been unCoe College, Cedar Rapids, Iowa,
Pepper has been fairly
changed at 5'65c. for granulated.
— F. W. Mason & Co. of No. 53 State St.,'.Bo3ton, Mass.. an- active and firm. Renewed activity has been reported in the
nounce the admission of George W. Field to the firm. Mr. rice market and prices have advanced. Teas have been dull.
Field has been associated with the banklog house for some
Business in the market for Kentucky tobacco has been
time past. The name of the firm continues as heretofore and moderately active, and sales made have been at full values.
the same line of securities, miscellaneous stocks and bonds, Offerings of seed-leaf tobacco have been small, and the few
will be dealt in.
sales made have been at firm prices. Buyers are now waitMessrs. Mf yer & Kiser, bankers of Indianapolis, have ing for new-crop supplies, which are expected to come on the
Sumatra tobacoo has had a fair
issued the 19U6 edition of their "Hand-Book on Indianapolis market in September.
Securities " In very neat and concise form this book gives sale despite the high prices ruling. Havana tobacco has
valuable information concerning the banks, trust companies, been in fab: demand and firm.
street railways and industrial corporations of Indianapolis.
The demand for Straits tin has been quiet, but as Londonhave been stronger, prices have been firmer and the
advices
J. 8. Baohe & Co.'s bond department has issued a circular list of investment bonds. The list covers an unusually close was at 80-80® 30-60c. Ingot copper has had only a
wide field, embracing, in addition to steam railroads and limited sale, but prices have been steady at 15c. for both Lake
other domestic securities, several issues of foreign govern- and electrolytic. Lead has been quiet and unchanged at
450@4-60c. Spelter has held steady at 6'35c. The demand
ment and railroad bonds.
has been quiet and prices have weakened to
—The old- established Philadelphia banking-house of Sailer for 7fpig iron
for No. 2 Northern and |15 75@16 CO for No. 2
76
@18
$16
& Stevenson moved this week to its new building on the corner Southern.
of Chestnut and Third streets. The firm has been located for
Refined petrcUum has been in fair demand and steady,
a great many years at No. 88 South Third St.
closing at 6-SOc. in bbls., 9'60c. In oases and 4c. in bulk.
—The " Investors' Manual " for 1905, recently Issued by the Naphtha has been steady at lie. for 71 degrees and lie. for
Economist Publishing Go. of Chicago, is a valuable ocmpila- 76 degrees. Credit balances have been steady, closing at
tion treating with much detail the Becnrltles peonliar to
Spirits of turpentine has been quiet ana easier, closl-27c.
the Chicago market, and briefly of others.
ing at 62o. for machine bbls. Roeins have been easier, but
— Pfaelzer ScGo. are offering Pittsburgh Bessemer & Lnke closed firmer at |8 CO for common and good strained. Hops
Erie first mortgage 5 per cent bond". A special circular will have bad a moderate sale at slightly lower prices.
Woo^
Lie u nt on a|<pl)cation.
has baen firmly held.

—The

—

—

St.

I

.

June

THE CHKONICLE.

17, 1905.J

COT T O

.?^

Fbidat Night, June

16,

The Movement of the Chop as indicated by onr

1905.

telegramt:

from the South to-night is given below. For the week ending
this evening the total receipts have reached 78,546 bales,
against 101,681 bales last week and 130,814 bales the previous
week, making the total reoelpto since the 1st of Sept., 1904,
9,266,383 bales, against 7,022,618 bales for the same period of
1908-4, showins; an increase since Sep.l, 1904, of 2,248,718 bales.
at—

SeeeiptM

Sat.

Mon.

I

Tuet.

I

Wai.

I

Thurs.

2,397

HewOrleanB...

2,700

3,595

4,115

4,458

2,949

1,949
3,048
1,920

261

687

220

143

354

47

2,173

1,671

4,014

5,164
1,192

1,210

6,106

4,831

2,272

Penaaeola, Ae.

Savannah

Total.

Iri.

I

GalTeston.
Pt.Artliar,&o

MobUe

4,134

21.689
3,048
19,732
1,712
5,164
11,579
1,988

325

503

12

6

52

224

174

63

160

96

749

1,466

BTorfolk

1,144

492

1.985

768

1,115

ETp'tNeira.Ae.
New York.

1.267
1,648

6,771
1,648

•*•

•••

314

239

43
66

62

62

43
733

Broniw'k, &e

—

979

W»Bli'ton,Ae.

BoBton
Baltimore

Tol

thlB

1,986
8

1,986

8

Fblladelp'a,Ae

week

9,9101 16.0541 78,546

9,538 12,1931 16.6321 14,220

The following shows the week's total receipts, the total since
8ept, 1, 1904,

and the stooks to-night, compared with last year.
1903-04.

1904-05.

BeuiptM to
June 16

ThU

IhU

BinuSep.

votek.

1.

Since Sep.
1. 1903.

week.

1904.

Galveaton...
Ft.Ar.,&c.

Stock.

21,689 2,596,108
3.048 284.449
New Orleans 19,732 2,633,039
HobUe
1,712 307.196
Feaeola, *o.
5,164 192,462
Bayannah... 11,579 1,638,207
1,988
192,366
Br'wlok, Ac.
Cbarleston..
979 211,412
897
P. Royal, Ac.
WUmlngton. 1,466 352,927
122
Waeli'n, Ac.
Norfolk
6.771 701,831
24,179
N'portN.,&e
1,648
32,009
43
New York...
74,383
738
BOBton
59.037
Baltimore..
1,986
12,712
PUladel.&o.
8

2,192 2.331,555
100,929
6,251 1,951,667
7 196,935
53 133.677
3,093 1,130,267
120,760
317 164,818
1.282
21 821,125

78,5469,266,336

Totals

In order that
at—

GalTBB'n, &e.

New

Orleans

MobUe
Bayannah...
Ohas'ton, Ao.
Wllm'ton, dko

Norfolk
N. News, Ac.
All others...

lot

this

wk.

96,716

766

103,326

116.018

17,142

802

7,948
8,997
8,271

30,920

9,600

482

27,764

2,442

468,361
21,070
16.623

1,636

124
62,883
3,676

29,761
14,042

140,617
3,611
4,262
2.480

13,504 7,022,618

421,748

227,996

608
99
46
51

29,89.^

1908.

1904.

5,369
8,719

2,192
6,261
7
3,093

979

317

1,466
6.771
1,648
9,922

21

2

766

1,064

other years,

1901.

2,243
7.024
41
6,376

42
889

636
8i8

for six seasons.

1902.

24,737
19.732
1,712
11,879

78,546

8.664

......

a comparison may be made with

1906.

1904.

336

we give below the totals at leading ports
Receipts

1905.

1900.

15,792
21,672
3,774
1,111

13,604

17,772

18,648

50,060

16,507

for the week ending this evening reach a total
of 12\,139 bales, of which 57.343 were to Great Britain, 10,^34
to France and 58,363 to the rest of the Continent, Below
are the exports for the week and since Sept. 1, 1904,

Brit'n.

Qalreston

Conti- lotal
nent. Wtek.

Frcmet

6,593

3,693

18,902

35,869

Pt.Arthur. Ao.

NewOrleani..
Mobile
PeniMola. &o.
SaTannah
Bnmiwlok....

June
Exported to—

Eioportedto—
Great

8,199

9.588

......

14,506

3.350

17,767
17.858

63,250
106,382
275.394
3,370

PortHoyal....
108,1(3

Norfolk.......

600

•••••

6G0
909

166

2,213

6,698

989

NewTork

4.319

Boston

4,e55

4.8E6

Saltlmore...,

4,280

i^ZSO

PhUa^alphla..

1,712

7,877

fto..

Total..
Total. 1903-Ci*.

lOoe

Total.

64 5,904 2,C 98,662

101,103
162,488
879,890 2,261.839
67,326
163.903
62,4 ih
183.419
837,276 1,214,159
6,946
164,253
74,617
77,89J

43.327
19.689
61,489

„

7;800

i'ico

1

Qev-

many.

Other OoattFor'gn wite.

7,112
4.122

ttoek.

Total.

1,163
2.077

3^.669
29,224

400

400

i'.2d6

13,750
17,600
11.500
8,000

129,017
21,074

Total 1905..

48.0S9 11,798 19,584 14,282 22.440 116,143

308,605

Total 1904..
Total 1908..

11.432 11.002
12.030

189.026
836,213

7,084
5,198

..

67,657
66,492
7,548

Oharleston...

WobUe
HoTtoVk
»ew York....
Other ports .

3.350

17,600
7^000
6,000

500

s'.ooo

i".bo6

2,000

1,000

6.183
4,381

6,571

2,317

3.271
3,392
10,1!'4

88.969
20.465

3.731
1,727

Speculation in cotton for future delivery has bean fairly
active. Outside interests, however, have done comparatively
little in the market, most of the trading being for the account of promiceat operators. It is understood that one
large trader who recently was on the bear side of the market
switched, covering his short contracts, and has since accumulated a considerable long interest. This buying served to
bring about a fair advance in prices, as it also brought other
shorts into the market to cover contracts. Tbe weekly crop
report of the Government's Weather Bureau, issued on Tuesday, had some influence in favor of the market, as it did not
show the improvement in the condition of the crop that
many of the trade had expected. The private reports received from the South have reported weatner conditions during the week favorable for the growing crop, and at the close
advices were reported received stating that in Alabama and
in some sections of Texas the crop was further advanced than
at this time last year. The demand for spot cotton has been
reported as only very moderate, and there was some talk
beard that at the higher prices a few selling orders against
their surplus stocks of cotton had been received from spinners. To-day the market opened firmer on support from bull
interests, but duting the day, due to the continued favorable
weather reports, there developed an easier tone and prices
reacted. The close was steady at a net loss in prices for the
day of 4 to 10 points. Cotton on the spot has advanced,
closing at 9'16c. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
..0. 1-30 on Good Middling Tinged . . o.
Even
0*96 on Strict MlddUng Tinged.... 006 off
Middling Fair
0*62 on Middling Tinged
Strict Good Middling
012 off
0*44 on Strict Low Mid. Tinged ... 034 off
Good Middling
Strict Low Middling
014 off Low Middling Tinged
0-60 off
0-38 off Strict Good Ord. Tinged .. 0-84 off
Low Middling
0-72 off Middling Stained
Strict Good Ordinary
0-50 off
1-00 off Strict Low Mid. Stained... 1 06 off
Gtood Ordinary
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
1-50 off
On this basis the official prices for a few of the grades for
the past week— June 10 to June 16—would be as follows.

UPLANDS.

Sat.

Low Middling..

7-70
8-32
8-70

870

gflddllng Fair..

IMW Middling..

men

7-95
8-57

7-96
8-87
8-96
»-39
9-91

Sat.

SUddllng

Low Middling Tinged..

Gtood Middling Tinged

8*90
9-34

Sat.

8 70

7-20
8-20
8-36
8-70

810
«-72

9 10
»-64

986

991 10-06
Tnea \red Th. Frl.
8"15

877
915
a'69

8-20
8-82

8-35

8-40

8 97

902

9-20
9-64

935 9 40
9-79 984

1011 1016 lC-31 1036

Mon Tnea

7-20
8-20
8 36

ITcd TM. Vrl.
7-95
8-57
8-95
»-39

852

914
966

991

Low Bliddllng........^

7-90

»-14
9-66

8-95
9 39

STAINED.

Striet

mon Tnea

7-70
8-32

7-40
8*40
8-56
8-90

DTcd TM. Frl.
7-45
8-45
8-61
8-95

7-60
8'60
8-76

910

7-65
8 65

8-81
9*16

The quotations for middling upland at New York on
June 16 for each of the past 82 years have been as follows.
1889....o.llie
1906....C. 9'15
1897. ...0. 7\
1881....c.lllia
12*00 1896
1904
1888
lOiSie 1880
12
7%

im

12-40

1887
12>«
1895
73,8
1879
Ill*
9ifl
1894
1886
1878
:5^a
1885
1893
8iig
1877
lUi
10»ia
12i«
1892
1884
ll»,e
1876
-JTia
1891
1883
1875
16»4
108ig
87ig
17''8
1882
1890
12\
1874
123ig
NOTB.—On Oct 1,1874, grades of cotton as qnoted were changed.
According to the new olasslfloatlon Middling was on that day quoted
^c. lower etaan Middling of the old olaBsifloatlon.
1903
1902
1901
1900
1899
1898

93s
838
9ii6
e&ie
69i«

MARKET AND

SALES.

....

WUmlngton...

Ban Pran.,

16.

Continent.

Prance

147,307

Charleiton....

N'port N.. &o..

1904. to

9.291 1,195,3*7 257,411
61,355
44.770 1,088,774 348.175
5,184

5,164

Qrtat
Britain.

5.698
4.200

Middling
aood Middling.
Middling Fair..

5,529

The exports

from—

14.612
13,627

Geod Ordinary.

Binee Bept 1 9266,336 7022,618 7563.574 7347,965 7264,527 6896,769

Mwporti

Sew Orleans.
Galveston.. ..

699
218

3,603

1,

Leaving
Oreat
Britain Ffnee

GULF.

218
3,714

2.106

B«vt.

i

782
116
49

1,656

from

ON JHTPBOARD, NOT CLBABBD FOB—
June 16 at—

Middling
Gkx>d Middling,

857

16, 190S.

&

aood Ordinary.

82

Week Endint June

We

3.080
6,034

282

113
80S
941

2465

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert
Barrows, Produce Exchange Building.

iayannah..

1,819
1,988
81

Oharleiton
Ft. Royal, &e.
Wilmington....

.

67,343
9,?00

]e,83t

7,277

227
19.179

3 3,930
159,783
120,497
65.537
•

•^

9.354
ii.lie

169,046

836.808

8,83>

22,578

100
89,164

2.27fc

21.653

819,538

65?,953
104.280
162,318

....

.

4.074

14,4'17

87,147
.

4.481
889,129

..

,59,968

.289,4^9

53.588 121.139 8,738.464 773.039 3,450,051 7,.9ai.554
1

28.022' 87,228 8,446.670 686,321 2.66S,«6o 5,788,191

Spot Mabkbt
Olosbd.
iSatnrday

.

Qttlet......

Monday.... ymet.....
rneeday... ^olet. 30 ptB. ad
Wednesday Quiet, 5 ptB. alv.
Thursday.. Qalet.l5pts.ad.

FUTtTBBS

Mabeet
Closed.

Export.

€ont.
dt

spec.

Very steady
steady
steady

Firm

.,..,.

& Oontbaot.
Contract.

•

....

2l'5
•

,..

Total.

25

25

rtteady ......

Friday..,,. (4alet,5pta.adV' steady
"Total

Sales or Spot

• •'•

'215

••1

• 4>'*~

116

.......

....

355

366

.

.

THE CHRONICLE.

2466
FoTUEES,— Highest, loweat and

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closing prices at

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Vol. lxxx.

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 of 1903-04— is set out in detail below.

o
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Otol
to-night, as
Foreign stocks, as well
The above totals show that the interior stocks have deas the afloat, are this week's returns, and consequently all oreaaed during the week 21,814 bales, and are to-night 12n,996
foreign figures are brought down to Thursday evening, bales more than same period last year. The receipts at all the
But to make the total the complete figures for to-night towns have been 41,622 bales more than same week last year.
(June 16), we add the item of exports from the United States,
and Since Sept. 1.—
Overland Movement fob the
including in it the exports of Friday only.
overland movement
the
showing
1902.
statement
1903.
a
below
1904.
We
give
1905.
538,000 676,000 908,000 for the week and since Sept. 1, as made up from telegraphic
8tookat£<l'«'«ipaoi..»«,L.!s»lei. 811,000
12,000
11.000
10,000
13,000
.^^,^..
Btook at JLiOndiOB
The results for the week ending
reports Friday night.
64,000
43,000
55.000
^,
Btook at Manchester. -^
in the last two years are as follows.
1
Sept,
since
and
June
16
Total Great Britain atook. 879,000 691,000~ 640,000' 920,000
18.000
21,000
23.000
Hauittujg
^™.,
14.000
at
Btook
1903-04.
1904-05.
327,000 197,000 226,000 129,000
.-..«r
Btook at Bremen ,.
5,000
6,000
4,000
,..=-«^.
1.000
Aa»-W6rp.»..^...
June 16.
Stock at
Since
Since
147,000 142,000
166,000
Week.
Week.
„,...«.„. 105,000
Btook at Ha«?ie
Sept. 1.
Sept. 1.
3,000
3,000
3,000
3.000
MasrscUl8B..^..,»
».
Block at
50,000
21,000
30,000
28,000
„...,
Btook at Barcelona
7,000 Shipped—
45,000
36,000
51,000
...
Btook at Genoa
928 501.204
5,967 578,056
VlaSt. Lonis
6,000
12,000
15,000
5,000
Btook at Trlents . .«»«.
249.749
.-..
1,047
3,317 320,638
Via Cairo
13,648
483,000 360,000
317
50.307
Via Rock Island
Total Clontlnental stocks..' 534,000 464.000
"'245
118,011
96,214
l;30l
VlaLotasvine
Total European Btook8....1,413.000 1,055,000 1,120,000 1,280,000
322
81,604
481
55,562
Via Olnoinnatl
109,000
87,000 146,000 151.000
India cotton miiofci iot jk^urope
284 194,404
7,642 321,561
Via other rentes, Ac.
95,000
88,000
73,000
Amer. cotton afeaatlor S'rope. 375,000
32,000
18,000
25.000
24.000
•Egypt, BrazU.&o., am.for E'pe
2,826 1,108,620
19,025 1,422,338
Total gross overland
89.000
38,000
Btook In AJexandria, Egypt... 150.000 126.000
Deduct shipments
Stock In Bombay, In<).l»...«»— 916,000 503.000 699,000 495,000
90,221
804
2,770 178,141
Overland to N. Y., Boston, Ac.
365,655
Btook In United Statee portn... 424,748 227,996 265,668
30,807
31,030
186
Between Interior towns
55,430 135,982
Btook In a. a. interior tonrnc. 250,895 129.899
"539
96,352
620
54,247
Inland, &o., from Sonth
8.527
4,092
17,214
28,661
United States oxpor Sa »o-rtay
2.610.164
2.429.190
2,3O3,103
3,669,a04
216,380
Total Visible supply
1,343
3,576 263,418
Total to be deducted.
Ol the above, totals ol Ajmer).oan »ina otner QCBorlptiona are as louo ws:
892,240
1.483
16,449 1,158,920
Leaving total net overland*
786,000
.baiai. 787.000 410,000 476,000
Liverpool staek....
* Including movement by rail to Canada.
48,000
36,000
44,000
Manchester stock..
The foregoing shows that the week's net overland movement
502,000 S.*) 0,000 392,000 s'iS'doo
QonUuental stooks,
95.000 this year has been 15,449 bales, against 1,483 bales for the
88.000
78,000
375.000
Ikmerloan afloat tor JEnrope.
424,748 227,«95 255,668 365,665 week in 1904, and that for the season to date the aggregate net
..^.
United Stalies stock
55.430 136,982
United atateslnterlor stooks 250,895 129,899
8,527 overland exhibits an increase over a year ago of 286,680 bales.
4,092
17,214
28.661
DalteA statestizpor tis to-(l «y
1,703,164
1,319,190
1,244,108
xotal Amenoan..«>.« ..^ 2,362304
1903-04.
1904-06.
Matt Iimdian, Brazil, As.—
Sight and Spinners'
In
123,000
99,000
128,000
74,000
LiTtrpool stook......^.. ,......,..
Since
Since
Takings.
12,000
11,000
Week.
10,000
13,000
Week.
liOndoB stock
_......_
Sept. 1.
Sept. 1.
6,000
7,000
11,000
Manchester stock........ ......
48,000
83,000
32.000 114.000
Uontinental 8tooxfl.._ .._
78,546 9,266,336 13,504 7,022,618
161.000 109,000 Receipts at ports to June 16..... 15,449 1,158,920
87,000 146,000
India anoat tor Knrope . ...^.^
892,240
1,483
..
NAt nvArland to June 16
32,000
18,000
25,000
21,000
CTPtf Biaall, Ao. , nflo At
Southern consumption June 16.. 44,000 1,756,000 42,000 1.713,000
89,000
38,000
126,000
160,000
Alexandria,
Itoek In
Egypt...
toflk in Bombay, iTvdla...^....., 916.000 503,000 699,000 495,000
Total marketed................ 137,995 12181256 56,98" 9,627,858
907.000 Tntftrinr RtookA in 6X06SB...». .... *21,814
189,235 •8,145 118,297
1.307,000 1.05^,000 1,110,000
xotal KbHC indta, *»«- ,„,
Total AioeTlean. . .._. .... 2.562,304 1,24 4,108 1,319,190 1,703,1 6 4
48,842
Came Into sight during week. 116,181
3,669.304 2,303.108 2,429,190 2,610,164
Total visible snppxy
9,746,155
12370491
4^9g2d.
Total in sight June 16
6-78d.
4 83d.
6-38d,
Middling Upland, LlverpuoJ.
12-400.
9 HO.
9i5e.
11-70C.
Hlddllnir Xfpivaa, Ne-w Yorli..
3.867 2,057,.?36
101 5, Bd.
7i>«j'l.
7»l,6d.
7»fld.
North, spinners' tak'gs to June 16 12,303 2.111.397
gypt Good Broim.Ll v«irpooi
~* Decrease during week.
7rt
10-50d.
8 75d.
ieira*.KonKhat".d,I.iv»Tpool 10-80d.

Thb

!

Week

—

.

—

.

..

Broaoh yice, Llvorpooj.......
Tlnnfivelly (ioo^i. .•J'*orpool

iSiftd.
4ifld

6i«a.

6d.

4iiifld.

65^ld.

5ei«d.

4^d.

(Continental Imports past week have oeen 108,000 bales.
ti^ureb for 1905 show a decrease from last week
of P8,975 oales, t. gain of 1,806,196 bales over 1904, an exoe?« of
1,240,114 tialap over 1903 and a gain of 1,059,140 bales over 190i^.

The above

Movement

into sight in previous years.

Week—
June
1902— June
1901— June
1900— June

1903

Sales.

19
20
21
22

.,

40.241
45,900
60,722
39,528

Since Sept.

1-

Bales.

10 36K,096
1902-03- June 19
9. 993. -528
1901-02— June 20
9 904,686
1900-01— June 21
1899-00— June 22....... 8. 778.968

.

June

THE CHRONICLE

17, 1905.1

Quotations foe Middling Cotton at Othee Maekets.—
Below axe closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
•

OLOSma QUOTATIONS FOB HIDDUMa COTTOM ON—
Week ending
June 16.
Sat'Oav. Monday. Tuaday Wed'day. Thund'y Friday.
Galveston...

New Orleans

808
Sig
85,8

8»8

85ie

838
8^4
8J4
81s

Si'ia

8^

811ft

8^8

8%
8Jfl
8%
8H

9
9

9

89l6
8i3ie

8\

9ie

2467

—

Han Antomo, Texas. There has been no rain the past
week. The thermometer has averaged 83, the highest being
96 and the lowest 70.
Weatherfovd, Texas. Rain has fallen during the week to
the extent of one inch aad four hundredths, on four days.
The thermometer has averaged 82, ranging from 65 to 98.
Shreveport, Louisiana.— There has been but a trace of rain
the past week. The thermometer has ranged from 70 to 96,

—

aver aiding 84.
New Orleans, Louisiana.— It has rained on two days during
8ifl
8
8^
8H
the week, the rainfall reaching one inch and twenty-three
8J«
8I2
838
8H
hundredths. Average thermometer 83.
8^^
8»8
8%
8^
8'e
8-70
8-70
8-70
Leland, Mississippz.-We have had rain during the week to
890
895
910
8-75
8-62
8-75
8-88
8-88
9 00
Baltimore...
the extent of fort3?-eight hundredths of an inch. The ther9-35
8-95
8-95
9-15
9-20
9-40
Pblladelph'a
mometer has averaged 77*4, ranging from 62 to 90.
858
834
8^8
8ifl
9
Angnsta
89i6
Vieksburg, Mississippi, Weather has been favorable for
9
9ie
889
Memphis...,
8^
85t
81a
8S8
8«»8
8»8
813,6
89,6
9
St. LoDi8...„
work, but rain is now needed. There has been rain on three
8ifl
8iSie
813,8
8iiia
815,6
Houston
8^
days of the week, the precipitation being forty-seven hun8ie
8
Ldttle Rock..
8
8
8H
8H!
dredths of an inch. The thermometer has ranged from 71 to
The closing quotations to-day (Friday) at other important 93, averaging 81.
Southern markets were as follows.
Helena, Arkansas. Farmers are making good progress
Louisville.....
Atlanta
9^ Natchez
- SiSifl with work. Crops are improving but need rain. We have
S'^a
Raleigh
Montgomery.. 8^
Columbus, Ga
.
had rain on one day of the week. The precipitation reached
8ifl
Nashville......
Shreveport..
Coin iTi bus, Miss 8 ^4
four hundredths of an inch. The thermometer has averaged
New Orleans C)ption Market.--The highest, lo\vest and 85, the highest being 95 and the lowest 67.
closing quotations for leading options in the New Orleans
Little Rock, Arkansas.
are having ideal weather.
cotton market the past week have been as follows.
Crops are generally clean and greatly improved. Good showers in neighborhood, Rain has fallen on two days of the
Sat'day, Mondav, Tuesday, Wed'dav, Thursd'y Frxday.
June 10 June 12. June 13. June 14 June 15. June 16 week, the rainfall being fifty-four hundredths of an inch.
The thermometer has averaged 80, ranging from 69 to 93.
July—
Montgomery, Alabama.— AM crops are reported as doing
8-36--49 8-35--53 8-28--59 8-50--67 8-57--98 8-82-99
Range
There has been rain on one day of the week, the rainwell.
8-58--59
-94
8-90- 865-66 8-93
Closing.. 8-48- 49 8-35--3C
fall being one inch and seventy-one hundredths.
The therAugust—
— _ — 8-30--48 8-23--47 8-43--62 8-59--88 8-78--91 mometer has averaged 80, ranging from 66 to 95.
Range
Closing.. 8-39--41 8-28--30 8-52--54 8"60-'62 8-86--88 8-82- Mobile, Alabama.— Weather in the interior very favorable,
Sept.—
with
beneficial rains latter part of week. Cotton is generally
—
—
_
8-63--81
--33
8-19--48
8-72--75
8-34
Range .
Closing.. 8-34--35 8-25--27 8-49--51 8-56-'58 8-78--79 8-75--77 in good condition and rapid progress is being made with culOCTOB'Ktivation.
Rain has fallen on one day during the week, to an
8-23--33 8-25--40 8-17--46 8-37--53 8-46--82 8-68--84
Range
inappreciable
extent, The thermometer has averaged 82,
8-25--26
8-45--46
8-75--76
851--52
8-338-73-74
Closing..
ranging from 70 to 92.
Dec'ber—
8-27--39 8-29--45 8'22--51 8-42-58 8-49--86 8-72--89
Range
Memphis, Tennessee.— Fine weather for cultivation. The
Closing.. 8-38--39 8-29-30 3-50-51 8-55- 56 8SO--81 8-77--78
condition of cotton has improved, but a good general rain is
roNB—
needed. First bloom received on the 14th from Sanflower
Firm.
Firm.
Steady.
Firm.
Firm.
Steady.
Spot
Firm.
Firm.
Steady.
Steady.
Steady.
County, Mississippi, six days ahead of last year and one day
Steady
Options.
later than average.
have had rain on two days during
Weather Repobts by Teleoraph.— Our telegraphic re- the week, to the extent of fourteen hundredths of an inch,
ports from the Soutia this eveaiag Indicate that as a rule the heavier in the immediate vicinity. The thermometer has
weather has been favorable tne past week. Cultivation has ranged from 65*7 to 91 '2, averaging 79'2.
made good progress generally and further improvement in
Nashville, Tennessee,
Rain has fallen excessively during
the condition of the crop is reported by many of our cor- the week, the rainfall being two inches and seventy-six hunrespondents. The rainfall has been light as a rule and in dredths. Average thermometer 80, highest 93 and lowest 66.
some districts moisture is said to be needed.
Selma, .4Zabama,— Crops are being cleared of grass. Rain
Galveston, Texas. Weather in Texas very favorable for has fallen on two days during the week, the rainfall reaching
farm work and much progress has been made. Some locali- one Inch and twenty-five hundredths. The thermometer
have had no has ranged from 75 to 95, averaging 85.
ties report the appearance of boll-weevils.
rain the past week. The thermometer has averaged 83, the
Madison, Florida,— RdtXn has fallen on three days of the
highest being 88 and the lowest 17.
week, the rainfall being two inches. Average thermometer
Abilene, Ttxas.—We have bad rain on two days the past 75, highest 96 and lowest 60.
week, to the extent of sixty-eight hundredths of an inch. The
Smyrna, Oeorgia,— Weather has been very dry and crops
thermometer has averaged 81, ranging from 64 to 98.
are cow needing rain.
We have had rain on two days durhave had no rain during the week. ing the week, the rainfall being twenty- four hundredths of
Brenham, Texas.
The thermometer has ranged from 69 to 94, averaging 82.
an inch. The thermometer has ranged from 63 to 93, averCorpus Christi, Texas There has been no rain the past ing 77.
week. Average thermometer 80, highest 90, lowest 74,
Savannah^ Georgia,
have had rain on one day the
Cuero, Texas. There has been no ram during the week. past week, to the extent of nine hundredths of an inch. The
The thermometer has averaged 84, the highest being 98 and thermometer has averaged 77, ranging from 65 to 90.
the lowest 70.
Charleston, South Carolina.— There has been rain the past
Dallas, Teaja«.-- Rain has fallen on two days of the week,
week, to the extent of fifty-one hundredths of an inch, on
the rainfall being thirty hundredths of an inch. The ther- two days. Average thermometer 76, highest 83, lowest 66.
mometer has averaged 83, ranging from 69 to 97.
Oreenwood, South Carolina.— There has been no rain durFort Worth, Texas— Raia has fallen on three days during ing the week. The thermometer has averaged 76, the highthe week, the rainfall reaching eighty-two hundredths of an est being 88 and the lowest 64.
iach. The thermometer has ranged from 66 to 94, averaging
StatSurg, South Caroltna. Very refreshing rain has
80.
fallen on one day of the week, the rainfall being thirty-seven
Henrietta, Tcajas.— Rain has fallen on three days of the hundredths of an inch; but more moisture will Eoon
be
week, the rainfall being one inch and ninety-six hundredths. needed. The thermometer has averaged 77, ranging from 58
Average thermometer 81, highest 97 and lowest 64,
to 96.
Huntsville, Texas.— We have had no rain during the week.
Charlotte, North Carolina, The past week conditions have
The thermometer has averaged 83, the highest being 98 and been ideal. There has been rain on one day, the precipitathe lowest 68.
tion being twenty-eight hundredths of an inch. The therKerrville, Texas' There has been rain on one day of the mometer has ranged trotn 59 to 93, averaging 76.
past week, to the extent of sixty-four hundredths of an inch.
The following statement we have also received by telegraph,
The tht.rmom»-ter has averaged 78, ranging from 68 to 92.
showing the height of the rivers at the points named, at
Lavipasas, Texas.— Theve has been heavy rain on two days 8 A. M. June 16, 1905, and June 17, 1904.
during the week, the precipitation being three inches and
The thermometer has ranged from 66 to
fifty hundredths.
June 16, '05. June 17, '04.
Mobile......

Savannah...
Charleston
Wilmington.
Norfolk
Boston

She

838
8^2

8i3ie

—

—

—We

.

.

.

.

We

—

—

We

— We

—

—We

—

—

—

—

averaging 81.
Longview, Tea;a».— Rainfall for the week ninety-six hundredths of an iuch, on two days. Average thermometer 85,
highest 99 and lowest 71.
LuUng, Texas. We have had no rain during the week. The
thermometer has averaged 83, the highest being 94 and the
lowest 70,
Nagodoches, Texas.— We have had a trace of rain on one
day of the week. The thermometer has averaged 81, ranging from 68 to 94.
Rain has fallen on two days of the week,
FcUestir^e, Ttxas,
the rainfall being twenty-two hundredths of an inch. The
thermometer has ranged from 70 to 92, averaging 81.
Faris, Texas. There has been rain on three days of the
past week, the rainfall reaching thirty hundredths of an
inch, Average thermom eter 82, highest 95 and lowest 69.
96,

—

—

—

New Orleans

Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.

Memphis
Nashville

Shreveport
Vloksburg

India Cotton

Feet.

Feet.

15-2

13-2
23-2

147
7-9

4-9

31-4
36-5

193
37-2

Movement from all Poets.— The

receipts

of cotton at Bombay and the shipments from all India ports
for the week ending June 15 and^for the season from Sept, 1
to June 15 for three years have been as follows.
1904-05.
SeeeiptM

at—
Week.

Bombay

1*

Since
Sept. 1.

60,000 2,454,000

1908-04.
Week.

Since
Sept. 1.

31,000 2,021,000

1902-03.

Week.

Since
Sept. 1.

41,000 2,324,000

-

:

:

THE CHRONICLE.

2468
For

Since September

the Week.

1.

Exports

from—

Continent.

Great
Britain.

Bombay—

*

1904-05..
1903-04..
1902-03..
Calcutta
1904-05..
1903-04..
1902-03..

Total.

Great
Britain.

Continent.

318,000
836,000
791,000

337,000
923.000
864,000

3,000
4,000

31.000
37,000
34,000

33,000
40,000
38,000

3,000
10,000
6,000

13,000
30,000
12,000

16.000
40,000
18,000

32'ob6

10,000
1,000
32,000

19,000
92,000
73,000

3,000
1,000
1,000

3,000
1,000
1,000

i',006

2,606

10,000
i'obo

Total.

2,0c

Madras1904-05..
1903-04..
1902-03..

i"6o6

•

<••

All others—

1904-05..
1903-04..
1902-03..

s'boo

Total all1904-05..
1903-04..
5,000
1902-03..
* Estimated.

••

11,000
15,000
5.000

11,000
18,000
5,000

24.000
17.000
38,000

24,000
22,000
38,000

183.000
238.000
146,000

175,000
226,000
129,000

8,000
12.000
17,000

569,000
32,000
537,000
117,000 1.129.000 1,246,000
100.000
966.000 1,066.000

[Vol. lxxx.

These reports are snmmarized by the Crop Division aa
follows
The weather oondltiODS tbronghoat nearly the whole of the cotton
belt have been favorable for the oaltlvatlon of cotton, althoagh a considerable part of the crop continues grassy. A general, though not
decided, Improvement In the condition of cotton In the central and
western districts la Indicate J, bat In the OaroUnaa and Tennessee cotton ba? made b1 jw progress and In the first mentioned States the
plants are small and of anhealthy color. In portions of the central
and eastern districts of the cotton-belt light rains woald be beneficial.
In the northern and central counties of Texas prospects are Improved,
though still poor in localities; In Southern Texas the crop Is In good
condition and an Improvement In localities Is reported. BoU-weeylls
are active over Increased area.

Jute Butts, Bagging, &c.— There has been no activity
bagging during the week under review, and prices
are UEcbaoged at 6f^c. for 1^ lbs. and QJi'^- ^^^ ^ ^^s., stan-

in jute

dard grades. Jute Dntts sttli dull at l>j|@l^c. for paper
quality and 2@2J.4C. for bagging quality.

EuBOPEAN Cotton Consumption to June 1.— By cable
we have Mr. EJllison's cotton figures brought down to

to-day

June

We

revised totals for last year that
be made. The spinners' takings in acttial
bales and pounds have been as follows:
1.

comparison

give also

may

Alkxandeia Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. ChoremI,
Benachi & Co., of Alexandria, we now receive a weekly
Get. 1 to June 1.
cable of the movements of cotton at Alexandria. Egypt.
For 1904-05.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous Takings by spinners... bales
Average weight of bales.lbs
two vears.

Great Britain

Continent.

Total.

2.732,000

4,021,000
6,753.000
498-7
491
Takings In pounds.......... 1,393,320,000 1,974,311,000 3.367.631.000

Alexandria, Mgypt,
June 14

1904-05.

200

16.000
6,182.171
1.

Since
week. Sept. 1.

ThU Since
week. Sept. 1.

3,500 20B,687
143,402
s'obo 294,740
600 67.747

2,750 223,1 =!8
131.843
2'6"o6 325,880
500 49,435

5,091 200,291
142,974
3,746 305,552
1,731 80,271

teeek.

Sept.

12,100 712,576

Total exports

1,500
5,738,475

6,453,102

Since

This

To Liverpool
To Manchester
To Continent
To America......

For 1903-04,
Takings by spinners. bales
2,155,000
4,157,000
6,313,000
486-6
Average weight of bales.lbs
477
606
Takings In pounds
1,088.275.000 1.932.889.000 3.071,164.000
. .

Reeeiptt (oantare*)—
This week............
Since Sept. 1

Mxportt (bales)—

1902-03.

1903-04.

ThU

5,250 730,346 10,568 729.088

A oantar Is 98 lbs.
Manchester Market.— Our

*

report received by cable
to-night from Manchester states that the market continues
quiet for yarns and firm for shirtings. Manufacturers are
generally well und^r contrxt.
give the prices for
to-day below and leave those for previous weeks of this and

According to the above, the average weight of the deliveries
is 510 pounds per bale this season, against
505 pounds during the same time last season, The Continental
leliveriea average 491 pounds, against 477 pounds last year,
uid for the whole of Europe the deliveries average 498'7
pounds per bale, against 486'6 pounds last season,
Our
lispatch also gives the full movement for this year and last
/ear in bales of 500 pounds.

m Great Britain

Oct. 1 to June
BaUa of 500 Iba.

Great

Conti-

nent.

57,
2,786,

3,949,

872,
6.735.

2.176

446
486,
3,966, 6,142,

Supply.... ............ 2,843,
Oonsnmpt'n.85 weeke 2,398.

4,264,
3,465,

7,107.
5,863,

2.216,
1,997.

4,412,
3,465,

6,628,
6,462,

445.

799,

1,244,

219.

947,

1.166,

66,

99,
99,
99,
99.
99,
99,
99,
99,

165,
165,
165,
169,
169,
169,
169,
169,

60,
68,
68,
60.
65,
55,
55,
55,

99,
99,
99,
99,
99,
99,
99.
99.

149,
162,
162.
159,
154,
164.
154,
154.

000a

(ymitted.

Spinners' stock Got. 1

last year for comparison.

Takings to June 1
SMrt- Oott'n
9Hlba. Shirt- Cott'n
SH
32< Cop. ingi, common Mid. 32f Cop. inga, common Mid.
Twitt.
Twi$t.
Uptdt
toflneat.
toflneat.
Upld$
Ibt.

My 12 79i6

s.

•»838

" 19 7O8 0838
" 26 7ii,g©8is
J'ne2 7'8 «8iiie
" 9 75^ ®89i«
" 16 7",6»8>«

4
4
4

4
4
4

d.

8.

d.

d.

d.

d.

s.

d.

B.

2i«0611i9 4-36 lOk® 11 6 5 og
21^96
439 10 910^ 6 4 99
4-61 10 9 10% 6 4 «9
3 ®7 1
470 9i«« IOI4 6 l>fl09
3ifl97 2
4-73
3is97 2
914SIOI4 6 II209
4-83
938tM0ie 6 1 ®9
3 ©7 I

im

d.

d.

7»«

7-38
7-36
7-12
6-72

6
6
2
3
3

spinners' stock J'ne 1

000a omitted.
In October
...,
In November
In December
In January .........
In February

6 68
6-38

Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the following
telegraphic reports on the crops in the Southern States for the
week ending June 12:
NoBTH Cabolina.— Excellent progress made In cultivating crops
warm weather early part of week caused material Improvement, but
growth checked by low temperatures toward close; cotton now generally well cultivated, but plants late, email and not healthy In color;
on cotton

in

luany counties.

South OABOLraA.— Oool nights damaging

to cotton; no rain; ground
baked and crusty, rendering oultlvati3n dlfSonlt; cotton continues
smal), somewhat yellow, lousy, and generally unthrifty; fields nearly
cleaoed. but some still foul and a few abandoned; sea island cotton

promising.

Qeoroia.— Cultivation of cotton active, but scattered fields still
craisy, chopping practically completed, plants small, but generally
healthy, booming in south, some Injury by lloe.
Flobida.— Large acreage of cotton cleaned of grass, but some fields
till foul, crop needs rain, plants fruiting very well.
Ala3;ama.— Very favorable for work, but ground hard; rain needed;
cotton being cleaned rapidly, still lousy In places, plants healthy,
growth moderate, prospects Improving, squares and blooms more
general.

Mississippi.— Cotton Improving, growing slowly, cultivation progressing well, but some fields still grassy, chopping not finished,
plants small, f^jw blooms in south, complaints of lloe numerous,
grounrl becoming hard and dry In north.
LociHiANA.— Cultivation of crops pushed vigorously; cotton, where
cleaned. Improved, but large acreage still in grass and some fields in
Bed River bottom drowned out by overfl »w of previous weeks; .'©ousts
and lice damaging plant In few localUies; some recently cultivated
cotton needs rain.
Texas.— Farm work actively carried on; cotton prospects improved
in north and central counties though still poor in Iccalltiep; cultivation and chopping pushed, but some still foul and some fields abandoned; wetj worms and other pests damaging cotton considerably;
proppects for cotton still go id In eouth and Improved in localities,
chopping 'Continues, fquares forming; boli-weevlls active over Incr^-ased area and found In north-central and eastern counties.
Abk\n8ap.— Surface soil getting hard; oonBlderat)lp progress made
In cleaning fields and oompleilug planting; stand of cotton fair to
good, email, but making fair growth, chopping well advanced.
TieNNKSSBK - Weather favorable for cleaning orons and harvesting;
coit'jn rather poor, but slowly recovering from firnots of late, cool.
wet weather.
Oklahoma and IntiAN Tbbbitoriks. -Cotton In poor to fair condition, imi lookB well, and is being ohepp«d and cultivated, but work
delayed by wet ground.
M sBUDRi— Marked ImprovemeDt In cotton, which Is of healthy
color and growth, but 'rain \» aecded for continued advan6ement;
I

fields clean.

Conti-

nent.

40,

Total,

Weekly Conaumpiion,

Government Weekly Cotton Report.— Mr. James Berry,

lice

315

Great
Britaif'

Total.

1904.

1905.

d.

1903-04.

1904-05.

1.

each.

BHtatt.

We

d.

510

Tn

March

In April
In May

66,
66,

70,
70,
70,
70,
70,

The foregoing shows that the weekly consumption

is

now

169,000 bales of 500 pounds each, against 154,000 bales of
The total
like weights at the corresponding time last year.
spicnsrs' stocks in Great Britain and on the Continent have
increased 6,0C0 bales during the month and are now 78,000
bales more than at the same date last season.

Sbippinq News.—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 121,139 bales. The shipments in detail, as made ap
from mail and telegraphic returns, are as follows:
Total balet.
Liverpool, per steamers Bovlo, 3,599 upland
4,112
Oeorgic (additional), 463
and 50 Sea Island
198
To Hull, per steamer Toronto. 193
14
To Olasgow, per steamer Astoria, 14
166
To Havre, per steamer Montreal. 16 upl'd and 150 foreign.
1,463
To Antwerp, per steamer Finland, 1.463
560
To Barcelona, per steamer Antonio Lopez (additional), 550
100
To Venice, per steamer Georgia, 100
100
To Trieste, per steamer Georgia, 100
Nbw Orleans -To Liverpiol-June 10-8tr. Custodian, 18,902 18,902
14,978
To Bremen— June ltJ-8teamer Manhattan. 14,973
779
To Hamburg- June 12 -steamer Lord Duff ;rln, 779
1,668
To Antwerp-June 16— Steamer Manhattan, 1.658
3,695
To Barcelona -June 9— Hteamer Catallna, 3,695
600
To Malaga -June 9 - Steamer Catallna, 500
4,263
To Genoa -June 12 Steamer Sloania, 4,268
9ALVK8TOK— To Liverpool -June i4-3teamer Yucatan, 4,894. 4.894

New YORK-To

.

To
To
To
To
To

Belfast- June 9

Barcelona -June 10 -Steamer Auguste, 1,129
Trieste- June 10— Steamer Auguate, 1,541
j....
Venice June 10-8teamer Auguste, 800
Mobile—To Liverpool -June 13— Steamer Monteneigro. 8.199.
Inchmarlo,
9.66i
To Havre -Jute 12 steamer
P BNSAOOLA— To Liverpool- June 1 3 - Steamer Leonora, 5, 164 .
QorBQinore.
8,3jl^0
HAVANNAH— To Liverpool- June 12— Steamer
To Bremen Juno lO- Steamer Gre nbanh, 6,020. '...;.:."..

I

',

699
726

Steamer Inishowen Head. 899

Hamburg -June 14— Steamer Lugano, 725

To Hamburg June lO^St^amer Gretmb.-inh, 1,489
......i..ii-'
To Klga June lO-Stoamer GreeubiiDk. 160
To Stockhom- June 10— Steamer Greenl>ank. I0O>. .........
To Oporto- Jane lo— Steamer Greenbank. 200..... :-iiii..i.."

ToSantander-Jiiiie lif-SteanalBr Gorseinore, lOO..-.. '...•*..
To Barcelona, etc.— June 16—Steamer Marianne, 6.447....

1,129
1,644

300
8,199
9,568
5,

1

64

3.860
6.020
1,489

150
100
200
100
6,447

:

.

June

THE CHRONICLED

17, 1905.]

DAILT OIX>8DlO PBI0B8 OF WHBAT FUTUBBS VX OMIOAOO.
SatMon.
Tues.
Wed. Thurs.

Total bales.

ROEFOLK—To Havre— June 16— Steamer Frey, 500
Mbwpost News—To Liverpool— Jane 12— Str. Kanawha, 969.

600
969

Boston -To Liverpool Jane 12 -St«amer Sylvania, 1,782
To Manoliester - Jane 9- Steamer Caledonian, 3,073
BALTiHoas—To Liverpool— June 9— Steamer Vedamore. 4,280
PBJL4DBLPBIA-T0 Liverpool— June 9-8tr. Noordland. 909 ..
To Manchester - Jane 16-Str. Manchester Ciommerce. 803.
84H FBAHCisoo— To Japan— Junes -Steamer Mongolia (addl-

1,782
3,073
4,280

2469

Jnly deUv. in eiey

86%

Sepf. delivery in elev....
Dec. deUvery in elev

Sl'^e

82%
82%

82

fri,

86%
87%
86%
83%
84%
82%
84%
82%
83%
amount of specu-

Se'^g
82''8

Se'^s

82B8

909
Indian corn futures have received a fair
803 lative attention and prices for the near-by deliveries show a
tlanal),236
236 fair advance. Advices from the interior have continued to
SSACTLB-To Japan— June 13- Str. Kanagalra Mara, 7,041
7.041 report rapidly decreasiog stocks at the primary markets, due
Total...^
121,139 to a free movement of supplies into the hands of the coneumLiVEBFOOL.— By cablef rem Liverpool we have the following ing trade, thus strengthening the cash position and bringing
shorts of the near-by deliveries into the market as buyers to
statement of the week's sales, stocks, &c., at that port.
cover their contracts. Foreign advices reported firm marMay 26 June 2. June 9 June 16. kets, with light offerings of com from Argentica. Ioj proving
prospects for the growing corn crop have been reported,
.bales.
59,000
46.000
41.00C
ales of the week
23,000 weather conditions being generally favorable. The spot
1.000
1,000
1,000
Of whloh exporters took. ..
1,000 market has b(en firmer and a limited export business has
2,000
8.000
2,000
1.000
Of which speculators took.
53.000
40,000
87,000
20,000 been transacted. To-day the market was steady, The spot
•ales American..... ..~
9.000
4,000
7,000
otaal export
3,000 market was firm but quiet.
61,000
80.000
71,000
Vorwarded
48,000
DIILT 0I.O8IMO PBI0B8 OF NO. 8 MIXBD OORM IM NEIW YORK.
821,000 831,000 832.000 811,000
Total stock— Estimated
8ai.
Mon. Tues.
Wed, Tliurs.
Fn,
Of whloh American-Est'd. 743 000 755,000 757,000 737,000
6OI4
61
60^4
61
59%
60%
76,000
79,00C
95,000
29,000 Oashoomf. o. b
Total Import of the week.....
.

66,000
205.000
188.000

Of whloh American....

Amonnt afloat
Of whloh American

90,000
205.000
187.000

69,00C
231 00(
213.00C

25,000
257.000
237,000

market for spots and fntnres
each day of the week ending June 16 and the daily closing
prices of spot cotton, have been as follows.

The tone

of the Liverpool

Safday. Monday. Tuesday, Wed'd4iy. Tfiursd'y Friday.

JBpoL

Market, }
1S:80 p. K. ^

Small
Inquiry.

Mid. Upl'ds,
Sales
Spec.

n
o

& exp.

.Future*.

Market

l

opened.

^

1

More
Moderate
demand. demand.

468

4 80

4 83

6.000

8.000
1,000

7.000

500

5

Qalet at Steady

800
ai

apt8.

10 pti.

decline.

advance.

f

56'8

dellv. In elev
Sept. delivery in elev...

6838
68%
6658
6718
67%
IN CHIOAOO.
Wed.
Thurt.
Fri
5258
53%
53%

68%

b1''%

67''8

57

DAILT OLOSIMO PRIOBS OF NO, 2 MIXED OOKN

Mon

aai.

Sept. delivery In elev....
Dec. delivery In elev......
May dellv. in elev

Tues.

63%
61%
48%
43%
the Western

52%
50'8

Jaly delivery In elev

621%

6U%
47%
47%

47%
4&%

61%
47%

51%
60%
47%
48
4S%
48%
market have

48%

been
Oats for future delivery at
qaiet, and changes in prices have been unimportant.
The
monthly Bureau report was favorable, indicating another
large crop, but this vra3 in keeping with expectations and
had little irflaence as a market factor. Receipts have been
fairly full, but they have been partially offset by a good
trade demand. And moderate export business han been reported transacted at steady prices. Today the lUHrket was
quiet but steady. The spot market was qniet.
DAILT 0I.O8INO PRIOBS OF OATS IN
YORK..
Wed. Thun.
Fri.
Mon. lues.
Sat.
No. 2 mixed, f. o. b
35
35
35
35
35
36

NKW

Steady

a@3

July

at
pti.

advance.

,

Market,
4 p. M.

Steady at Br'lyst'dy

l

loan

6pti.
decline.

5

ptt.

advance

Firm at
3^4 ptt.
advance.

The

prices of fntnres at Liverpool for each day are given
below. Prices are on the basis of Uplands, Qood Ordinary
oUnse, unless otherwise stated.
The prieet are given in pence and lOOtA. Thus : 4 54 means
4 54-lOOd.

DAILT OLOSniO PBIOBS OF NO, S lOZBD OATS
Tue%.
Sat.
Mon.
July delivery In elev
31
81%
30%
Sept. deUvery in elev.... 29
28%
29%

May delivery in

1^

Sat.
10.

mon.
Juue

18.

d.
..•••.

Jane-Jaty...

Jaly-Aug. .,
Aag.-Sept .
Sept. -Oct...
Oct.-Nov..-.

Nov. -Dec.

..

in

o

1

4
4

54
54
54
S3
54
54
54
55
56

..

Moh, April..
April-May.

d.

d.

4

Tlinrs.
Fri.
June 15. June 16

4
4 55
4 55
4 55

4 55
4 5^

4 69 4 70

4 69 4 70

4 68
4 68
4 68
4 68
4 68
4 69
4 70
4 71
4 72

4 69

„

N.DuL.No.

H
o

3
3
4 00

bash

White.
No. 2 mixed
No. 2 white

4 71
4 73

38

3S

CHICAGO.

Wed.

Ihurs.

Fri.

30%

30%

31

31%

29%
31%

28 34

31%

31

Buckwheat flour..
Oom meal-

30

?0

Western, etc

2

S."-

Brandywlne

2 90

«35%

35%»4d

Nominal.
Nominal.

04 90

Nominal.

i>0

f.o.b.116%
f.o.b.111%
f.o.b.107%
f.o.b.Nom.

35

»5 40
o6 40

S5 00
Patent, Winter
Olty mllle, patent. 6 00
Rye flour, superfine 4 25

GBUM.
Oom, per bueh-

N. Dul., No. 2
Red winter. No. 2..
Hard winter. No. 2
p.

'34

4 76 «4
6 50 «6

1

Oats— Mixed,

69
4 69
4 69
4 69
4

31%

«3 15
93 50
55 «3 75
70 93 9S

Wheat, per bosn-

4 69 4 70

31%

..$2 75
3 85

Superfine
Extra, No. 2
Extra, No. 1
Ulears
StraightB
Patent, spring

d.

d.

d.

66 466
66 4 6«)
4 66 4 66
4<6 4 65
4 66 4 65
4 66 4 65
4 66 4 63
4 67 4 66
4 63 4 67
4 69 4 68
4 70 4 69
471 4 70

4
5f 4

5,'^

4 56
4
4 57
4
4 5^ 4 58
4 58 4 59
4 59 4 60

Dec.-Jan....
Jan.-Feb....

Feb.-Moh.

4
4
4
4

4

1

14.

isi« 4 12i« 4 1214 4
P.M. P.M. P.M. P.M. P.M. P.M.

I

Jane..

Wed.

Tnes.

June 13 June

elev ....

IN

Following are the closing quotations:
nne...

June

33

3S

38

Mo. 2 white, clipped, f.o.b ,38

f»2

0.

Western mixed.
No. 2 mixed
No. 3 yellow-...
No. 2 white
Rye, per bushWestern
State and Jersey....

Barley— West

56
o.

f.

o.

77 984
Nominal
46 •56
41

Fe«dln«r

0.

oei

b.61
b.ez
0. b.61

t.

t.

90

93 CO

•49

Exports of (^rain Bn»li I'Sonr from Pacific Ports.— The
exports of srain and floor from Pacific ports for the week
ending June 15, as received hy telegraph, have been as followc
From San FranciHco to Ja; an acd China, 10,520 bbls. flonr,
to variouB bouth Pacific ports, 15,665 bbls. flour, 600 bushels
wheat and 1^,0 bushels corn; from Tacoma to Pacific ports,
15,337 bbls. flour; from Seattle to Pacific ports, 3,06l bbls

4 73
4 74

BREADSTUFFS.

FiUDAir, Jnne 16, 1905.
market has been reported for wheat flonr,
and for some grades prices have been advanced slightly, flonr.
Combining these figar^^a wth those for previous weeks, we
mills raislDg their limits for old spting- wheat bakers 10c.
liave
the following, wnlch ooverb the exports to foreign
few
fairmoderately
active,
orders
for
a
Business has been
sized lines being placed. Trading in winter-wheat flinrs, countries for the period since July 1, 1904, comparison being
either old or new crop, has been limited, but prices have held made with the corresponding period of 1903-04.
Mxporu
Flour,
Wheat,
Corn,
Oats,
Barney,
Jine,
to a steady basis. City mills have been qniet. The demand
from—
bbls.
bu»k.
buth.
bush.
busM^
bftth.
for rye^flonr has continued of a j ebbing character, with prices 8an Fran. 661,472 1,625.241 253.257
178,807 3.299.558
854
unchanged. Com meal has been sparingly offered and firm. Paget S'd. 1,485.189 1,388,165 29,954 562,399 1,206 848
425

A fairly firm

Speculation in vvheat for future delivery has been moderand prices have shown an advancing tendency.
Immediately followine: the monthly report of the Qovernment's Agricultural Dapartment, which was interpreted as
foreshadowing the second largest wheat crop in the history of
the cotmtry, prices showed a fractional loss due to selling by
bear interests. During the week a moderate advance in
The crop news from the
prices has been established.
spring-wheat belt has not been particularly promlaiDg,
some apprehension being shown of damage to the crop
Shorts have been steady buyers to cover
by rust.
contracts, and with only limited selling prices have adWeather conditions in the wintervanced rather easily.
wheat belt have been favorable. Advices received from the
Southwest report samples of new-crop wheat being received
and they quite gecerally show good quality. The spot marTo-dav the market was
ket has been quiet but steady.
firmer on less favorable weather Intelligence from the
interior and reports of damage to the winter- wheat crop by
nut. The spot market was quiet.
If
YORK.
VAZLT OUMBXe nUOUOF WHBAT rUTDXM
TkMrs.
#H.
Mon, tius. Wed.
BsU.
I07ifl
107ifl
10T>« I07i«
V0.8 red winter. f.o.b... 10S>« lis
ately active

m KW

jnlydallverylBeleT
Sept deUT. la •!•.
Dee. deUr. in ei«T

91H

...

86I4

89

Bl>*

SSH
86%

91%

87

86%

9l*e
8e>a

8e%

»8>a

87%
87%

98h
88%
81%

Portland..

759.858

XotaL... 2,006 019
'03-4. 8.806.099

tot

1,483,760

810,001

o63,874

4,497,366 283,311 1.041,207 5,369,'780
6,643,612 44,391 725.7^0 10.219.797

1.27»
1.482

Theaggregite exports from the Uuic*d States of wheat
and wheat flour, expressed in bashels, for the eleven months
from July 1 to May 31, inclusive, have been as lollows for
four years.

WHEAT BXPORTS FROM JDLT
1904-05.
^ ,
Wheat, ^
bushels..... .4,382,417

_-

.

Flour, reduc. tobU8h.36,816,317

Total bushels

1

190304.

TO MAT

81,

1902-03.

1901-02.
43,7t0,244 108,431,187 146,605,826
72,223,011 80,693,726 73,l7i;840

41,199,234 115.923,255 189,124,913 219.777,66e

Government Weekly Grain Report.— Mr. James Berry

Chief of

thci Climate and Crop Division of the United
States
Weather Bareau, made public on Tuesday the telegraphic

reports on the grain crops in the various States for the week
ending Jnne 12 as follows:
COBN.— In the Lake region and upper Ohio Valley the condition of
corn la not promlslBg, owing largely to unfavorable effects of low temperature and exeesslve molstare. bat in the States of the lo wsr Ohio
npoer Mississippi and Mlsssouri vaUeys the crop has made good vtokres*, and, as a rale, has shown decided improvement. In
portions of
the peotral and West OuU BUtes com would be benefited by
rains!
in the Middle Atlantic Btates oatworms are proving destractlve
WisTKB Wheat. -Winter- wheat harvast has begmn as far north a*
the central porUons ot Kansas and Missouri and Soathera Illinois*

:

:

:

THE CHRONICLE.

2470

and 18 In full progrees in the more soatherly seotiocs, where the yields
are generally .(lleappolntlng. In the more northerly portions of the
principal win tser-wheat States the crop has generally done well.aluioneh oomplalnts of rast and Insects continae in some sections, and
heavy rains in Mlohigan and Wisconsin have caused lodging. On the
Paciiio Coast the outlook continues promising, exceptionally so In
Waalilnjjton.

SraiNQ Wheat.— A general Improvement in the condition of spring
wheat In Minnesota and the Dakotas is Indicated, although in the two
last-named States some fields continue thin and weudy. Bprlng wheat is
also doing well on the North Pacific Coast, the outlook In Washington
being the best in years.

Oatb —Oats have suffered from heavy rains in the upper Lake
region and from lack of moisture in Southern Illinois; elsewhere the
reports respecting this crop are generally favorable. Harvest is general In the Southern States, with disappointing yields In Texas and
Oklahoma.

AGBICULTtTEAL DEPARTMENT REPORT ON CEREALS.—The
report of the Department of Agriculture showing the condition of the cereal crops on June 1 waa issued on the 10th inst.,
ana is as follows
Preliminary returns to the Chief of the Bureau of Statistics of the
Department of Agrlcultore on the acreage of spring wheat sown indicate an area of about 17,613,000 acres, an Increase of 172,000 acres,
or 2-8 per cent, on the estimate of the acreage sown last year.
The average condition of spring wheat on June 1 was 93-7 as compared with 93-4 at the corresponding date last year, 959 on June 1,
1903, and a ten-year average of 91-4.
The average condition of winter wheat on June 1 was 85*5, as compared with 92 5 on May 1, 1905, 77-7 on June 1, 1901. 822 at the
correepondlDg date In 1903, and a ten-year average of 79 2
The following table shows lor the principal wheat States the acreage compared with last year, and the condition on June 1 In each of
the last four years, with a ten-year average:
ACBEAGE AND CONDITION OF WHEAT .TTTNE ON 1.
1904.

1905.

5.269
1,886
1.900
l.eoo
1,600

78
78
95
91
94
80
84
Ui
76

..

Ohio
Pennsylvania
Illinois

Missouri

Texas

81
92
87
91
94

Tfinnsasee

TWarvland

New

York
other winter

wheat

Tot. winter

North Dakota
South Dakota
Nebraska
Iowa
Orecron

Washington
Wisconsin
other spring

wheat

Tot. spring
Total

all

Per cent of

3,259
1,000
1,316
1,450

84
80
E5
58
75
81
85
84
72
67

90O

83

812
750

52
82
9i

l,tl00

-.5

Kentucky

k
u

a

5

821
60S
5,434

^

4,800

1,6U

83
76

1,62-

87

76-1

3S,681

79-2

95

5.738
3,964
3.604
•630

95
95
96
90
96
94
94
95

Vi

1,550
1,561
3,322

89
75

701

86
87
98
76
81
80

1,167
1.285
8C9
645
711
771
475
5,«73

39,723

77-7

92
95
92
90
93
96
97
96

5,446
4,978
3.221

92

5,33f

91

4,537
3,287
*43S
•91S
•388
•925
•367

93
8S

95
93
92
92

3S5
•890

•356

70

83
76

85
99
loa
92
91
87

4,163
3,053
3,125
3,218
1,559
1,821

3,837
1.056
959
1,088
840
808
638
757

476

•501

f>5

930
353

95 •1,094
'379
93
•757
97
•412
98

•833

65

404

993

1,041

9i-7 17,611

934 17,209

4r,33e

44,075

50,364

46,202

12-2

-f9-0

-7-4

1,063

1,067

17,257

85
82
80
83
89
84

.3,191

5,394
4,349 96
3,424 100

89

95-9

95-4

17,6il

94-4

inc. or

dec. in acreage....

-f7-4

....

Three ciphers (000) omitted from acreage
Not Including winter-wheat acreage Included under "other winter "
The total reported area In oats Isahout 27,688,000 acres, an increase
of 42,0C0 acres, or two-tenths of one p. c. In the area sown last year.
The average condition of oats on June I was 92-9, against 89-2 on
June 1, 1904, b5'5 at the corresponding date In 1903, and a ten-year
figures.

'

,

Arabia
78
80
71
67
85
69
78
71
78

36,866 82-2 33,107

1,861

Great Britain
Other European. ,.
China
India

eo
86
76
75
76
90
98
83
57
82
61
64
46
69
82

85-5

•903

1

1

1905.

1904.

12.

Week. Since Jan.
Ten-vear
Average
Condition.

5,951
3,583
3.088
3,39«
1,669
1,978
3,551
1,002
1,360
1,685
1,084
920
804
810
544
5,816

71

381

a

they can aSord to be Independent. Increasing scarity in
many lines is noted from day to day and the fact has been
forcibly brought home to many buyers tbat the market is
absolutely bare of spot supplies on certain classes of goods.
In spite of this, however, tbe majority of Icquires continue
to be for goods for immediate delivery and the amount of
future buainesa has been comparatively small. In some instances when buyers have not been able to secure immediate
shipment of the goods they want, they have accepted a later
delivery, but in more cases they have contented themselves
with other lines than those they asked for. The raw material situation has had little icfluence on the market except to
still further strengthen the position of sellers of goods, for it
is realized that even a fair-sized decline in cotton could not
affect the price of goods while the statistical position remains
as strong as it is at present. The local jobbing trade has not
been active during the week, but collections from the country are satisfactory and the outlook is bright. Export
demand continues very slow and the only business passing
is in general lines to near-by countries.
The queetion of the
threatened Chinese boycott continues to exercise the minds of
agents and others. The woolen goods market has been very
firm during the week and more lines of men's wear lightweight goods have bave been opened.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending June 12 were 8,972
packages, valued at |448,757, their destination being to the
points specified in the tables below

New yobk to Junb

1902.

8

8

States.

Kansas

1903.

LXXX.

[^VOL.

Africa
West Indies

Mexico
Central America..

South America....
Other Countries. ..
Total

The value

15

542

30

33 ^
67,009

4,738
61
1,406

800
548
24
467
571
312
8,972

of these

New York

8,571
12,4B3
5,159
13,300
1,221
8,487
26,897
8,901

152,905

Week. Since Jan.

1.

1.

836
460

14
4
8,263
66

195

33,596
4,264
11,423
4,534
8,922
1,079
6,553
25,563
7,423

jl2,272

104,153

967
837
251
81
287
3,317
j

exports since Jan.

1

has been

i;8,113,289 in 1905, against $5,800,846 in 1904.
fair number of smull orders have bean received for
heavy brown drills and sheetings, and these coatinus very

A

firm, but without any quotable change in prices. Pour-yard
isheetiags are still very scarce and the inquiries for spot goods
are larger than can poaaibly be filled.
feature oi; tbe week
has been the increased demand for 6 and 6'50-yard sheetings
from converters aad bag manufacturers, and the probability
i» that these also will soon be difficult to obtain.
If agents
were able to grant the required deliveries, the export business might reach reasonable proportions, but practioally all
goods suitable for export are fully sold up. Inquiries for
3 '50, 3*25 and 4-yard sheetings have been received from the
Red Sea, but practically none of them have beea consummated, for this reason. Bleached goods have been purchased
fairly freely in email quantities and prices are firmly held.
Wide sheetings, sheets and pillow-cases are all in good
demand and steady at the recent advance. Coarse, colored
cottons are firm and most lines were well sold ahead for the
next few months. Cotton linings are higher and the demand
shows a decided improvement. Prints are quiet with a moderate business passing in staple goods but little in fancies.
Ginghams are in fair request and unchanged. Print cloths
have been active during the week and prices are firm at
about last week's level, with slight advances obtainable for
immediate delivery where the goods are on hand.

A

Woolen Goods,— Buying of men's wear l-eavy-weight
woolen and worsted fabrics is not yet over, but the bulk of it
is, and it is apparent that some of the woolen mills are in an
averages
unenviable position. There is still time for them to recover,
Acreage
however, for the fall business of clothiers has been very satcompared —
Condition June 1.
isfactory, retailers having placed large orders. It is evident
States—
1903. lO-yr.av
with Cast yr. 1905.
1904.
Iowa
tbat the consumption will ba very large and should be of
91
96
90
96
98
IllinolB
102
87
79
89
93
sufficient size to absorb all the fabric that can bs turned ont.
WiscODsln
102
95
96
93
98
Further lines of light-weights bave been opened during tbe
Minnesota
99
93
95
95
93
week, and it is expected that most of the lines showing
Nebraska
92
100
90
92
90
Indiana
105
97
89
79
88
fabrics under 60c. a yard will be opened next week. Agents
New York
101
94
69
90
93
report that the business that has so f er been done is quite
Pennsylvania
99
90
93
77
88
satisfactory, but no definite idea of the market can yet be
Ohio
96
92
74
86
90
obtained. The goods that have been shown are offered at
United States
100-2
92-9
90-1
85-5
892
about last season's prices, but when the medium and highThe acreage reported as under barley is less than that sown last grade goods are opened it is expected that the level will be
year by about 17:^,000 aorns, or 3-4 per cent.
The average condition of barley is 98-7, against 90-5 on June 1, considerably higher. This is indicated by the much higher
1904, 91-5 at the corresponding date In 1903, and a ten-year average prices quoted on serges, which are not capable of the adulof 88-9.
teration of other fabrics, and hence reflect more truly the
The acreage imder spring rye shows a reduction of 3-8 per cent from
course of the raw-material market. There has been conthat sown last year.
The average condition of rye is 93-6, against 86-3 on June 1. 1904, tinued improvement in the dress-gooda situation and lines
90-tt at the oorresponrting date in 1903, and 88-8, the mean of the
that were neglected at the opening of the season have since
company averages of the last ten years.
been in good request. Broadclotbs have been in good deor Kor other tables nauallr srtven bere aee page 3438.
mand throughout and many lines of these are now under
orders. Silk-warp and all-wool goods have also been freely
average of 90-1.

The following table shows for the nine principal oat States the aorecompared with last year, on a peioentage basis, and the condition
on JoLe 1 in each of the last three years, with the ten -year June
ag*]

,

—

.

THH DRY GOODS TRADE.
New

York. Feiday, P. M., June

16, 1805.

While the volume of business in the cotton-goods market
has not been large during the weeli, the tendency of prices
has been upwardp, and sellers continue! n such a position that

purchased.

FoREiQN Dhv Goods.— Imported woolen and worsted
dress goods have continued in a satisfactory condition and
the market has been without particular feature^ Silks have
been steady and ribbons dull. Linens have been firm but
quiet.
Burlaps also are still firm and quiet.
-

.

June

;
:

THE CHRONICLE.

17, 1905.
|

m^

gTME

City

Name.

^tfmwmr*

herewith our detailed list of the municipal
bond issues put out during the month of May, which the
crowded condition of our columns prevented our publishinsr
at the usual time,
The review of the month's sales was given on page 2414 of
the Chronicle June 10.
Since then several belated May
returns have been received, changing the total for the

month

The number

to $16,414,283.

of municipalities issuing

bonds was 245 and the number of separate issues 356,
case of each loan reference Is made to the page of the
icle where an account of the sale is given,

In tbe

Chron-

Dlst
.Granville (N. Y.) Soh.
Dlst. No. 7

Name.

Rate,
Albany (Mo.) 8oh. DIb. 6
Alexandria. La....... 5
Alliance, Ohio..
4

AUiaBoe, Ohio

4

Y

.Angelica, N.

Appleton, WlB
Aroannm, Ohio..
Ashe CO..N. C
.Aeottn.

Auburn,

Waeh

Me

Aurora. Ill
Avoo. 8 Dak..
.BaUeton 8pa, N. Y....
Baton Ronee. La

Bay City, M'ch
Beau fori t;o.. N. O

...

4
4
5
6
5
4
4
5
3*70

4
4
5

Bedford (O.) 8oh. Diet. 4J«
Bel ding, Mich
4
Bellevue. Pa
4
2232 Belvldere. Ill
5
2414. Benton Harbor, Mloh. 5
2356. Berkeley 8ch. Dl8.,0al 4ifl
2356 Beverly, MasB
4
2414. Blnj?ham Canyon,
Utah
6
1985. Blue Lake Soh. Dlst,
Cal
5
2232. Bluffton, Ind
6
41^
2232. .Boulder, Colo
1985. Bradford Ohio
6
1985. Breckinridge, Minn.
5
2415. .Breltung Twp., Mloh. 6
2357. .BroxtOD, 6a
6
1870. .Bnnoombe Co.. N. C. i^
1985. .Burroughs S;h. DlBt.
5
No 19, S.
2357. .Canton (O ) Soh. Dlst. 4
1986. .Carrlngton. N. Dak... 5
4ia
1986. .Ceilna. Ohio
2232. Centralla (111.) School
Dist
5
1871. Champaign Co., Ohio
5
(6 issues)
2232. .Chariton Dr. Dist. No.
l.Mo
6
1985. .Cbicaeo (111), South
4
Park
1871. .OhlHOok School Dist,
5
No. 10, Mont
3\
2357. .Ohlcopee, Mass
3^4
1931. .OinclnDatl, Ohio
1871. .Cincinnati (O.) School
,

.

Maturity.

1911-1918
1908-1917
1909-1928
1906-1925
1914-1951
tigis-igifs

1925
1925
1936'i939
11915-1945
*1910

1936
1910-1935
tl925-1935
1906-1936
1906-1925
1906-1910
1906-1945
1918 1924

1906-1915
""1925""
1906-1909

1915*1920
1906-1913
1906-1925
1935

1925
1925
1925

Amount.

Price

100-18
100-18

100
101-65
102-842
111-40

102
100 10
105-26
103-375
100
100

65.0()0

10,000

100-50

6,000
3,500
75.000
2.000
38,500
6,000
10,000
20,000

102-16
102-75

19061915
11910-1925

18,000

1905-1908

12.168

313

1932 Evanston

8ch.

1

Ohio
1932.
1932.
1932.
1986.
2233.
1932.
2416.
2357.

=

Ohio
Ftndlay, Ohio
Plndlav, Ohio
.ForsTthCo, N. C
Fore Vallfy, Ga
Franklin Co Ohio
Franklin Co., Ohio....
Fraz-e (Minn.) Soh.
Flr.dlay,

,

Dist. No. 8
2357. Fulton Co., Ind
2357. Falton Co., Ind

^357. Gallatin Co (Mont.)
aoh. Dist No. M
2416. Gates (N.Y.)8ch Dlst.
2233. (ioldftboro. N. C
2233. Grafton (W. Va.) Soh.
Dlst

1932. Graham, N.

,

..Harrison, Mioh. (3 is.)
..Hartford, Conn
..Hartford Twp. Sohool

19071924

102-55

103092
100'76ii

N.
..Hinds Co, Miss
..Hoboken, N. J

5

.Howard

Soh. Dist., O.

..Idaho (11 issues)

100

5
5
6

5
413

5
5
5

5
4

5

4
4
4
5
4
4
5
4

..Kenton, Ohio (3

is.)..

4J*

.Kenton, Ohio
.King Co. (Wash.) Soh.
Dist. No. 23
.Kingman, Kan
.Kl.^math Co. (Oregon)
Soh Dist, No. 1

4ifl

.KnoxCo.

4ifl

led. (lis.)..
.La Ballona Soh, Dlst.,

.Lake Co., Ind
.Lamar Co., Miss
.L«<roy (N. Y.) Sohool
Dist, No. 3

Y

.Lestershire. N.

.LompooSch. Dls.,Cal.
.Long Beaoh.Cal
.Lorain, Ohio
.Lorain (O.) 8ch. Dlst.
.Lorain (O.) Soh. Dlst.
.Louisburg (N. O.) Sch.
Dist
.Loveland Soh, Dist.
No. 2, Colo
.Lowry (Minn.) Sohool
Dist
.Lyons City Soh. Dlst,,

Lynn, Mass

N C

.Maiden, Mass

N.Y

Dlst
Mill Soh. Dlst

io'2-55

102-686

.

Oal...

107
100

.Minneapolis, Minn...
.Minneapolis, Minn. (2

)07-2?3
100-786

.Minnesota Soh. Dlat.

105087

(j,000

109

issues)

.Mitchell, S.

Dak

.Montgom«ryOo.,Tenn

16000 105-91
l-'.OOO

108 35
108 958

1S101925

55,000

102-82

19071921

IS.O'^O

103
6,000 1(0
104-375
100

5

6

4
41a

11910-1915
1906-1923
1935

.Newark, Ohio
.Newark, Ohio
.Newark, Ohio
.Newcastle (Pa.) Soh.

.Norway

20,000
129,500
22,400 10292
16,000 104-69
1,200
25,000

100

13,500
57,836

105-72
101-148

6

100-828

100-003
100-11

8,000
4,500 100-222
30,000 107-306
100.000 1T1€0
12,000 ) ioo-=,0'>
35,000 ] ^"" ^"*

tl910-1920

27.000

100-37

4ifl

4

8,000

11910-1915

4>«

1925
1906-1913
1906-1910

4

1906-19.SI2

3%

1908 1934

31,000
125,000
40,000
20,000
84,000
90,000
7,500
15,000
20.000
200,000
8,000
55,000
27,000
100,000

41a

313

1945
1906-1915
1935

125,000
2,500
250,000

108-42
106-68
100-676

3lfl

1935

200,000

100-31

111,005
5,400
60,000
150,000

100
100

319
S^i

1935
1906-1909

3^

19101911
"1935"*

3^2

5

4

7

1930
1905-1919
11925-1945

5
4ifl

1907-1915
tl9l5-1925

4i5

lOL-149
100-06

106-528
103-17

100183
100
101-55
103-40
101-381
100-809
100-268

100-041
103-88

4
4

1913-1919
1914

5

4

12,000 101-325
35,000 10008
64,000 100
15,000 100 20
2,122 100-141
7,350 103-75

"1913""

35.000 100
6.000 102-938
16,000 11100
18,000 10042
250,000 106-176

1906-1925
1925
1926-1945
1906-1925

40,000 102-318
20.000 103 125
10,000 10803
5,000 102-50

11915 1925
1907-1912
1964

(Mich.) Soh.

Dlst
.Oakes, N. Dak
.Ocean Park, < al
Ocean Park, Cal

View Sohool
Dlst, Oal
.Ohio County, Ind

4I3

5
5
5

.Ocean

Omaha, Neb

.'^,000

1()2-16

.Partridge,

104-65

.Pasadena, nal
Paterson, N.J

25.000
io,o;o

100
100

106-44

3i«

6,000

Ohio

.Pain<^RVllle.

Minn

.

7
41s

4
5
5ifl

4
4

1906-1912
1905-1925
1925
1908-1920
1925
1906-1945
1915

3,500
4,120
100,000
20,000
4,500

104-94
100-121
105-77
10- -762

2.'>,000

lCl-544
101-60

100

110,000

.Pawnee

City (Nea.)
8oh. Dlst
.Plermont. N. Y

.Pipestone,

Minn
Pa

112-59
105-80

.Pittsburgh,

100

.Pleasant Rldg**, Ohio.
.Plalnfleld, N. J
.Plaintteld, N. J

101-80
106-66

100
106'26

102-75
100-07

4V|

5

4I3
4i«

1910-1913
1918-1932
1925

3I3

5

1930

4
4

192 5 -1934

6.500 100
2,000 102-737
29,500 105-508
16,000 104-84
630,000 100
1,370,000 moo
1,000 108 75
62,000
63,000 104017
84,851

5104
X

tl»15-1939
1935

103-43
101-42

10,000

.New Lexington. Ohio. 5
.New YnrkCUy (2 1s,) 3
,North East, Pa
4

100

13.600 100
18,000 ICO

00

103 63

103138
106838

1935

-Nampa
Sohool
)
Dist. No. 37
5
tl915-1925
.Napolf on (O ) Seh.Dls. 4
1909-1924
.Newark, N. Y
3ifl&4 1909-1924

101-45

950

5,.'!

1105183

(Ida

ll.COO
10,000

105
108-20
100-508
lOi-75

15.000
40,000
10,000
6,000
430,500
30,000
5,000
30,000
45,000

5

4

.Mlnonk. ID

Dlst

190^-1923
1928-1937
1015-1920

1925
1910

J

1910-1916
1907-1916

5

.Memphis (Tonn.) Soh.

8,000

1915
1920

4,^

313

La

(36l8aue»)

2,000
50,000
8,000

104-375
105.25

5
4

.Medina.

4ft,000

ti915-i945
tl910-1925
1911-1930
190S-1912

5

100-275

'

1906-1920
tl915-l925
tl910-1925
1910-1919

414

100,000
9,000
6,000
50,450
4,000
15,000
30,000
75,000

19,1100

100
103*41

7,500
40,000

1945
""1926""
1906-1923
1906-1925
1928
1925
1925-1934

12,000
20,000
1S,000

104-75
104-89
104-08
103-02

1916
1909-1933

io6'67

19C6-1917
1906-1915
1906-1910
190R-1915
1916
1935
1908 1911
1908-1912

4,000
20,000

10703

4
3-85

1935

5(?,000

100-33

40,000
ICO.COO
9,900
10,000
5,700
25,000
5,000
1,000,000

5

3Jfl

12,000

100-09
100-16

8,000 102-475
12,000 103-155
1,520 101-32
20,000 102-50

5

1915 1925
tl910-1925

10011

1906-1913
1925
1908-1911
1907-1926

6
6

-Marion Co.. Ind

•

""ms"'

11915-1925

4

.Lynn, Mass
.Madison Co,.

100-931

12,000
11,085 100-63
100
25,000 101
184,000 100
20,835 105-85
11,000 105-85
25,000 100-212

1925-80-35

6

.MasslllOD, Ohio
.Masstllnn, Ohio
.Ma88lilon(0 >Soh. Dia.

tl910-1925

1910-1929

11915-1925

104-49

50,000

1955

412

21,500
9,000
350,000

1911-1922

"i93'5""

.Lexlngton(TenE.)8oh.
Dlat

.Mansfidld,

tl919-1925
191S

1925
1906-1915
1906-1915
1908-1914

5

5

Cal...

.LaHarpe, Kan

.Pitoalrn.Pa
41fl

4
5

.Idaho
,.l8anti(Mlnn,)Soh DIs.
.Jackson, Miss
,. Jackson Co., Texas...
..Johnson Co.. Texas...
.Jones Ci., Miss
.Kalamazoo, Mich

100-74

1,500,000

19101934

41^

.Madleonvllle. Ohio....

1906 1925

6
S^fl

6
5

.Lynn, Mass.,..
.Lynn, Mass

65,000

6

Dlst., Ohio
..Henderson Twp., N.C.
.Hertford Sohool Dlst.,

.North Carolina

4ifl

C

. .

0.?-34

103-125
101 81
101-683
104-32
98-01

Dist.

No. 7^,111
2357.. Fairfield (Neb.) Soh.
Dlst. No. 18
2415...Falrmonr.Ohlo
(Ind.)
2416...Farnif-rsburg
Soh. Dlst
2476...Faulk Co ,N. Dak
2233...Feasby Road No. 47,

,

Iowa

4
5
1871. .Clinton, Minn
4
2233. .Cohoes, N. Y
2233 .Colebrook(0.)8ch Die. 5
4
2357. .CoUinwood, Ohio
6
2233. .Condon, Ore
Ohio
4
1986. .Crestline.
2283. Crookston (Minn.) Soh.
4
1920
Di»t
tl907-1915
1931. .Crow Wing Co.. Minn. 6
4
1906-1910
1871. .Cumberland, Md
Mont
11915-1925
4
2416. .Custer Co..
4
1945
2233. .East Orange, N.J
4
1945
2233. -East Orange, N J
2238. .East Syracuce. N. Y.. 3-85 1910-1934
4
2233. .Elgin Twp., Ill
"1925""
5i«
1986. .EUendale, N. Dak
379
2233. Elleriville. N. Y
2357. .El Monte High School
5
Dist, Cal
4%
1986. .Elyrla.Ohio
5
1986. .Eiyrift. Ohio....

<i.^

Hancock Co. Ohio
5
Hancock Co Ohio. ... 5
..Hardin Co., Tenn
5
.

.

Price.

12,000
38,053
7,140
14,720

4J3

3i«
4.^

Amount.

$110,000 100-869
18,000 100777
7,500

4ifl

Dist
..Hamilton Co., Tenn..
..Hancock Co., Ohio

80,000
25,000 10397
4,400 100
150,000 105-566
25,000

10,000
15,000
6,500
40,000

Ind
Ind
Ind

5

Hadley (Mass.) Water

.

100-329
108-31
105-44
99-70
103 20

•

Dist
1986. .Clear Lake. 8. Dak...

Co.,
..Greene Co.,
..Greene Co.,

104

$3,000
28,000
15,000
74,500
10,000
250,000
38.000
20,000
4,000
20,000
72,000
12,000
60,000
300,000
75,000
12,500
20,000

Greene

.

Maturity.
11910-1925
1905-1924

.

Mat Bond sales.
Page.
2356.
2232.
2232.
22S2.
1985.
igss.
1870.
1931.
2232.
2356.
2414.
2232.
2232.
2256.
2356.
1870.
2356.
2356.
2414.

Bate.

.Grand Island. Neb
414
.Grant Co., Ind
4>a
.Grant Park (IlL) Soh.

MUNICIPAL BOND SALES IN MAY.

We present

2471

1923-1926

13,500

104-125

,

THE CHRONICLE.

2472
Name.

Page.

Rate.

Maturity.

2361 ..Ravenna, Ohio
5
4i«
2361 ..RedJacket, MIoh
2361 ..Red Rl^er ana Bayon)
des Olalses L. and [ 5
D.

DUt La

Co., N.
18''3 ..Rensselaer Co., N.
2361 ..Renville, Minn
2 179 ..Rloe Co., Kan

1873 ..Rensselaer

Y.
Y.

.

6

1910-1919

3H

19061935

3Js

1906-1933

1920

5
8
4

2235 ..Richmond, Va
1934 Riverside Soh. Dlst
.

Amount.

Price.

$5,000
75,000
33.000
100,000

110-54
101-958

20,000
30,000
70,000
10.000
3^,ooo
17C,320

101
100-60
100-87

93

Dlst. No. 10,

Nev

2S61

1954

3

.

2419 ..Reno8oh

1923
1908-1914

Cal
Rooheeter. Ind

1873. .Roilerevllle (O.) Soh.
Diet
2235. .Roseaale (Kan.) Soh.
Dlst
2235. .RussellvlUe Ky. (3 18.)
2419. .Rutland and Lerjy
Soh. Dl8t.,N Y
2235. .Sacramento, Cal
2235. ..SiiglDaw, Mlob
1934. .St Josepli Oo , Ind....
2235. .Salamanca. N. Y
2235. .Salem, N. Y. (3 la.)...
1934. .Salem, Ohio
2361. .San Antonio, Tex
2361. .San Antonio, Tfx
.
2361. .San Antonio, Tex
Bnenarentara,
2235. .San
Cal
2235. .Sandusky, Ohio (2 Is.)
1874. .Stndusky Co., Ohio

"1939'"
1906-1915

2,750
8.000

11003

5

19061912

6,000

102-28

19211925
4

tl915-1938

4

1906-1922

4
4

1906-1915
1912-1921
1905-1920

3^
4
4
5

1906-i922

5
8
8

1925-1945
11915-1925
11916-1925

5
4

Issues)

25.000
24.000 100

100-333

10.200
200.000
10,000
100,000
IS.OOO
13,500
17.000
38,000
15,000
7,000

1919-1920

EOO

1910<fcl915

6,000

100

10005
100-757
101-07
101
107-40
105'26
104
105

100 75
100-612
101 15

17,390

2361. .Ban Fernando Sohool
Dlst, Cal
1935. .San Francisco. Oal...
1935. .San Franolsoo, Oal...
2362. .Ban Francisco, Oal. (2

100
106 40

7
6

5

(10 iBsnes)

10803

8
S^a
S^t

18,000 103-731
100.000 100
50,000 10002

8i«

720,6C0

10001

45.000
200.000
50.000
22,000
10,000

105-25

84.000
20.000
90.000
4,000
75.000
15,000
118.000)
30.000 s
2,500

100-90
104-362
101-76

2362. .Santa Barbara Bchoul
4i«
Dlst.. Cal
1906-1918
2235. .Santa Rosa. Cal. (4 Is.) 4
1906-1948
3-90 1910-1934
1935. .Scotia, N.Y
2419. .Soranton, Pa
6
1362. .Sbamokin, Pa
4
igio-'igis
2362. .Shamokln (Pa.) Soh.
Dlst
4
119101938
2235. .Sharon, Mass
4
1906-1928
1989. Sheboygan Co., WlB.. 4
1910-1919
2420. .BhellsbnrR, Iowa
6
1807-1922
2236. .Shoshone Co., Idaho.. 8
2362. .Slater Sch. Dlst.. Mo,. 5
1906-1928
1935. .SomervlUe, Mass
1906-1988
81s
1935. .Somervllle, Mass
1906-1938
2236. .South Brooklyn, Ohio. 8
1906-1915
1935. .Bontti Brooklyn (O
Soh. Dlst
41*
1908-1938
2236. .South Omaha, Neb... 41s
tl910-1925
1935. South S:. Paul, Minn. 4
1925
3236. .Steele Co., Minn
4
1918
2362. .Struthers, Ohio
6
1906-1918
2362. .Sturgeon, Mo......... 5
"1917"*
1936. .Summer Soh. Dl8.,0al. 8
2420. .Surprise Valley Sch.
Dlst, Oal
6
1906-1913
2421 .Topeka (Kan.) Sctaool

102
100-05

100
101-07

100
102
105-81

Name.

Page.

Dlst..

1936. .Troy, N. Y
24S0. .Two RlverB

4

1928

5

1906-1907

11915-1935 $1,000,000
Bonds Sold by Cahadiah Municipalities.
1931.. Acton, Ont
4
$8,000
1931. .Brockvlile, Oat
4
30,000 }
193l..Brockvllle, Ont
4
9,203 S
1986.. Colchester, Ont
5
1908-1915
4,978
4I4
2476. .Cornwall. ;Ont. (3 iB.).
14,456
1986.. Hanover, Ont
4ia
19b6'l935
6.000
2859.. North Dorchester
4i«
1906-1915
4,895
2235..P!ctou, N. 8
4ia
1935
12,000
1934..Reelna Boh. Dist.,N.
W. T. (2 Ifsues)
4%
60,000
1937. .Waterloo, Ont. (2 Is.). 4is
23,587

8ch. Dlst

6

figi0-191S
1906-1910

41*

4

1874. .Union, 8.0
2421. .Uvalde Co., Tex
1989. Ventnor City, N. j
2421. .Warren, Pa
8421. .Washington, Pa
2237. .Washington Co., Pa..
1937. .Watertown, Mass
1937. .Watertown, Mass
3363. .Watertown, N. Y
2363. Watertown, N Y
2363. .Watertown. Wli
1937. .Webster Oroves (Mo.)
Soh. Dlst
.

2237.. Welcome, Minn
2237.. Wells Co.. Ind
2422. .West Allls, Wis. (2 U.)

2363. .West CarroUton, Ohio
(4 iHsnes)

2363.. White Co, Ind
2368. White Co., Ind

2363. WnlteCo.,Ind
1990. .Whltmlre Boh. Diet.
No. 52, S. C
1990. Wiggins. Mies
2363. WUhin Co. Dr. Dlst.,
Minn..
1990. .WiiiBhire Twp. Road
^DlBt. N0.2. O.
1875. .Wilmington, Del
2237. .Wilmington, Del
2288. .WIiiHeld, Kan
2863. .Wise Co., Texas
1990. .Wood Co, Ohio
2238. .Wool Co., Ohio
2238. Wood Co., Ohio
236{. Woodsfleld, Ohio
1937. V<illowstoDe Co.,Mont
2238. .YouDgstown (O.) Soh.
•

.

Dlst
2238. .Ydungsvllle (Pa
DlBt

)

4i«

1925-1948
1910-1945
1924
1938
1909-1918
1906-1913
1918
1914-1923
1925
1910-1916
1906-1912

4
5
4
4
4
8>*
3»2

4
4
4
4i«

11918-1928

6H

19061912

8

1906-1915
1906-1925

4i«

1906-1928

6
6
6

*1980

78,500 100
61,279 100
100-687
101
103-894
tlOO
100
100
105-47
101-885
100
100-42

10040
106-41
102-171

100

40,000 105-89
7.000 107-14
71,500 10060
76,000 106-70

4
4
4
8
4
8
6

1911-1928

6,000 104-50
10,000 100

80,000

100
100

6

1906 1910
1908-1910
1910-1914
1906-1915

4

U91&-1925

30,000
200,000
60,000
15,000
86,000
60,000
60.000
40.000
14,925
88,000

4

1918-1820

45,000

102-017

5

1903-1917

6,000

102088

"ms'"'
11920-1925

U915-1945

5

10201
103-278
102-12

100
102-60
103-474
106-617
107-76
93

Soh.

Total bond sales for

May 1905

(245

Price.

109-562
96-85
98-398
103-14
101-772
101-gO
100-49
102-76

101711
101-77

$171,119

REVISED TOTALS FOR PREVIOUS MONTHS.
The following items, included in our totals for previous
months, should be eliminated from the same, as the sales
have not been carried to completion.
We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
Paye.
Name of Municipality.
Amount
2356. .Baton Ronge, La. (January list)
$240,000
1931..Bacyrn8, Ohio (Apiil list)
19,200
2476. .Faulk Co., 8. Dak. (February list)
50,000
1934. .Salem, Ohio (March list)
17,000
2420. .Spokane County, Wash. (January list)
30,000
have also learned of the following additional sales for

We

previous months

Name.

Page.

2416..Flandreaa,

S.

:

D

Rate,

Maturity.

Amount.

Price.

(Mar,

$17,000

101-76

1906-1907
1906-1903

20,000
3.000

100-51
100-24

11915-1928
1915

6,800
30,000
2,500

100
100
100

5

Bale)

1986..Greenbnrg (N.Y.) Soh.
Dlst. No. 3.
1987.. Lookport, N.Y
2418.. Pawnee Olty (Neb.)
Sch DlBt
2420.. Spokane Co.. Wash...
2420..SceeleOo.. Minn
1990.. Whatcom Co. (Wash.)
Soh. Dist. No. 28....

41s

4
41s

4
4

11906-1918
41s
3,500 100
All the above sales except as indicated are for April.
These additional April issues (less the Buoyrus item referred
to above) will make the total sales (not including tempo*
rary loans) for that month $10,140,457.

Index.
An

index to all the news matter appearing In this Department for the period from Jan. 7, 1905, to April 15, 1905, inclusive, wai published in the Chronicle of April 22, 1905,
pages 1500, 1501, 1502 and 1503.

News

101-80

3,208 10904
3,000 101-256
3,131 101-26
7,073 101-26

6
6
6
6

4

100299

81.000 104-16
70,000 JlOl-27
25,000 100
2,500
3,000 107-483
5,000 103-80
18,000 106-50

8,000
18,000
40.000
25,000
1,600
25,000
25.000
50,000
80.000
10,000
60,000
81,000
7,000
7,000

IB.

Total

102-60

(Wash.)

2237- .UhrichsTllle, Ohio
2862. .Union Co., Pa

Bonds OF Ahbbican Possebsiohs,
Bate.
Maturity.
Amount.

2232..ManlUa, Philippine

)

8,000

[Vol. lxxx.

Items.

Abilene, Kan.—.Bond Settlement.— I^q take the following
from the Topeka "Capital -."
Abilene, Kan., May 86.— The City Coancil to day paid to Cornell University
$2,500 in compromlae settlement of the gas bonds Issued fifteen years ago and
which have Deen:in contest for ten years. While the city has won In every
conrt thus far, the litigation has been expensive and it was willing to compromise. The interest and principal amount to over $iO,000. This cleans up
all litigation against the city.

See State and City Section for May, 1905, pagre 2124.
California.— Sfafuao/'flfwW.— The case of the Uaioa Trust
Co. of San Francisco vs. the State of California (see V. 80,
p. 483,) to recover on certain "Montgomery Avenue bonds" of
San Francisco was recently argued upon the demurrer of the
defendant to the amended complaint of the plaintiff and submitted upon briefs.
Chattanooga, Tewi.—AnnexatU>n of Highland Park.—
Highland Park was formally annexed to the City of Chattanooga on May 24 and is now known as the Ninth Ward of
that city.

ConneeXient.—Savinjs Bank Investment Billi.~The Hduso
on June 14 passed bills permitting savings banks to Invest in
the bonds of the Conneaticut Railway & Lighting Co. and
also in the i% gold bonds of the Southern Indiana Railway
Co. due 1951.
On June 7 the Senate rejected In concurrence the bills
making legal as savings bank investments the first mortgage
bonds of the Bristol & Plainville Tramway Co. and the first
general mortgage 5% gold bonds, due 1954, of the Norfolk &
Southern Railroad.
Garnett, Kan.— Bonds Beyond Limit.— The following relative to bonds recently sold by the town of Garnett appeared
In the Kansas City "Star :"
TOPEKA, May 21.— In response to an inquiry from G. W. Fallis of Garnett,
the AttOTney General, Mr Coleman, has Riven an opinion In which he holds
that the Uw enacted last winter auihorlzliiir municipalities to Issue waterworks bonds up to 15 per cent of their assessed valuation does not permit an
Increase of IB per cent over the present indebtedness. Mr. Ifallis, who Is a
banker, purchased an issue of $'j5,ooo In bonds Issued by the town of Garnett
(see V. 80, p. 14(8), but the Auditor of State refused today to register them.
The Auditor held that the issue increased Garnett's Indebtedness oerond the
point allowed by law. The Attorney-General took the same view of the case
and the City must reluce the size of the Issue.

mu-

Greensbur^, Ladwick, East Ureensbntif and Southeast
Greensbarg, Pa.— Greater Oreensburg Lliciim. An elec^*'*^® ''^ ?*^®^ "' ™*^^''*ty- t Subject to call in and after the tion will be held in each of the above-named places on June
.».*,n
earlier year and mature In the later year.
JNot Including $13,67 1.861. 27 to vote on the question of consolidating to form a "Greater
lo*"^^. "^^Po*^®* ai* 'Which do not belong in
the list; Greensburg."
?
T«wi'°K^'"-y
T lakenbyslnklngfundas an Investment. And other considerations.
Japan.— .8ond.s Zi.s'f(<7.— The New York Stock Exchange
In addition to the above we have recorded during
on
Jane 14 listed thb £12,000,000 6^5 sterling loan, second
the
month of May the following Bales by municipalities out- 8eii«8, of the Imperial Japanese Government, The American allotment of one-half of this loan was fl jattd last Noside the United States.
vember (not the present year) through Kahn, Loeb & Co.,
nicipalities,

covering 356 separate Issues). .|fl6,414,288

I

—

:

June

THE CHRONICLE.

17, 1905.1

tbe Natiorti City
LawreE'C*'.

BhtiI? ho<)

ii>*,*i-—

—

:

Li

i

— Thf. foUcwiog

ft^jpt-ared in

tbe Ku-v,- Ci y ".'*i.
Lawrence, Kan.. June >•'.— Attorney-General
'

Of the Revenue of 1904, Nog. 30^7 to S397, both numbers Inclusive.
Of ihe Keveiiue of IHOS, Nos. ].24-i to 1h?3. both numne's inclusive,
Cabitol Building. No?. 4105 to iis9, both numoers inclusive.
R>sSfM8 i ou nly, T&^.— Warrant CaiL.- C mnty Trr^s.surer

rhH Nat-Ofo*! B^cR of (Jomaierc*^.

.anon
•

Tolein *n bro\ipht the suit this
instituted by the State f t r the recovery of *10(iO)'i University bonus
from J .hnson Couniy, wbpre
thiscoun'
Lawrence
back
to
tne
city
of
y
voted by
it has been buried for the list ten years. The suit was reinstated on ibe
docket on motion of the Aitoruey-General last February.

moruinn

2473

H

L.
ratj's

E'W!Xi lecva'ly called for pay xient the following war-

General fund Nos. 1423 to 1507. intfusive
General road'and brldae fund No». 3 1 to 274fl, inclusive
Road and bridge. District No. 1. Nos. 5.'^4 to 53rt
Road !iEd Bririge. District No. «. N. s. 88- to fl20
Koad and bridge. District No. 3, Ncs. S81 to Sim
Road ana bridge, District No. 4. Nos. 105 to 4'd9

J4,9f'6
2,5'"'8

82
47

48)9«
See V. 80, p. 785; alao State and City Sec'don for Mavt
1,0.10 65
page 2127.
1^44 83
896 67
Hichiy^aui.— Legit lattive Adjourns. The Legislature of this
State adjourned June 7, 1S05
Total
$10,107 90
Napa, Cai.- Com cMon.— In cur State and City Section
Denver (Colo ) School District No. l.—Bond Call.— P&ul
for May, 1905, page 2145, the bonded debt ot this city is given
as 1420,500. This is a mistake. The amount she uld have J. Sonrs, District Treasurer, calls for payment June 20, at
been $43,0C0. The debt has bten reduced since then to |41,- the office of the Treasurer of the City and County of Denver,
650, and Eow consists cf $8,750 bridge and $32,900 general $1,0C0 bonds Ncs. 67 to 40, inclusive, isaued July 1, 1S93, by
Arapahoe County School District No. 17.
bonds.
De S«to, Mo.— Bond Ca//.— Interest ceased May 5 on i}4%
^eiT Jersej.— Limit to Taxation. — Ch&pter 83, Laws of
Nos. 17, 18, 19 and 20, dated Jan. 5, 1899, Denombonds
19G5, places a limit upon the rate of taxation which may be
levied by the municipalities of the State of New Jersey. ination, $500.
Douglas County (Mo.) School Distiiet No. 3.— Bond
Under this Act the rate cf taxation for county, school disThis district called for payment May 26 a $250 7^
Call.—
trict and local purposes must not exceed $17 per $1,000 of
assessed valuation in cities having a population over 50,000 bond (No. 1), dated May 20, 1900.
Everton School District, Dade County, Mo.— Bond Call.
and $15 per $1,000 in all other cities, boroughs, villages,
Call was made for payment May 1 of 6$ bonds Nos. 1, 2,
towns and townships. Exception is made, however, when
and
3
4, each for $5C0, dated May 1, 1895.
ever the governing body shall by resolution adopt a higher
Gallatin School District, Davles County, Mo.— Bond
rate and the same be approved by a m&jority of the legal
voters at the general election next prectding the fixing of Call.— Bonda Nos, 5, 6, 7 and 9 of this district, carrying 5%
interest and dated July 1, 1889, have been called for payment
such tax rate, in which case the limit may be exce^:ded.
New York State.- Spuial S ssion of the State Legitliture July 1.
Harrison County, Miss,— Bond Call.— John B, Clark,
—The Governor on Jnue 15 istued a call tor a Fpecial session
of the State Legislature to convene June 21. The call gives County Treasurer, calls for payment at his office or at the
no Intimation as to what subjects are to be considered, but First National Bank of Qulfport, railroad bonds Nos. 307 to
one of the matters which will probably come up will be the 367, inclusive.
Kennett (Mo.) School District.— Bond CaZZ— The followproceedings for the removal of Justice Hooker.
ing
bonds were called for paym«nt May I
Listed.—
The,
gold
PHillppine Idands.— Bonds
$8,500,000 it
registered public-works and improvement bonos sold on Nos. 9, 10, 11 and 18, $500 each, dated June 1, 1891. Interest. 6%.
March 10, 1905, to the Mercantile Trust Co. of Sf. Louis were Nos. 1, 2, 3. 4 and 5, $500 each, dated June 1, lfc97. Interest, e^,
Kirksviile, Adair County. Mo, -Bond CaZi.— Call is made
listed on tee New York Stock Exchange on June 14.
San Francisco, Cal.— Correct wu.—Iq our State and City for pajnient Ju)v 1 at ihe Mif'tieeippi Valley Trust Co., St.
Louie, of bonds Nos. 7 to 14, inclusive, each for $'00, beariDg
Section for May, 1905, page 8144, under head of "San Fran
4i%i interest.
Cisco," the following paragraph aopaars
The charter limits taxation to %l on the IICO for all current expenses except
JiJLsniteau County, Mo.— Bond Caii.—Interest ceased Jane
tbe maintenance of parks and the interest and sinking funds, for which pur2 on 5% bonds Nos, 11 and 12, each for $500, dated Jaae 2,
poses is allowed 7 cents additional on the $100.

1905,

—

—

:

:

This Statement is not quite lu accord with the facts. Toe
tax of 7 cents perlUO Of valuation allowed in addition to the
$1 permitted for carrent expenses applies only to park maintenance—interest and sinking fund tax not beicg limited except by the requ'rements of that fund. The bonded det>t of
the city is limited to 15^ of the aesessed valuation of all
property, now over $501,000,000, The paragraph referred to,
therefore, should reaJ as follows
:

The charter

limits taxatloi to $1 on the $10 ) for all current expenses except
the maintenance of parks, for which purpose is allowed 7 cents additional on
the elOO. interest and sinkiutt fund tax is not limited.

Wlncbesttr (Ky.) Scfaucl DisiricT.— Bonos Fa'id.— The
following, teaxjBg on the va.'idlty t f
OU bonds of this
taken trcm the Cincinnati ' Enquirer :"
Frankfort, Ky.. May 30.— In the case of the Board of Education of Win$15,t

district, Is

chester atrnlnst tbe Ciiy of Winchester, the Court ot Appeals to-day decided
that ilie Consiitution means that two thirds ot the voters phrtlclpatine in an
election on any vWen bubject d< es not mean two thirds ot tbe voters that vote
on any and all subjects the sume day. An election was beld In Winchester to
decide whether tlb.OuO in bonds should be issued <cr a new school house. The
vote stood Oit.'i for and 3J(i against, but the total vote cast on other matters
tbat day was over l,4uo, so the vnlioity of the bond issue was questioned. Tne
Court holds the bonds legal, as two-ihtrds of those particlpatirj;; in tbe election as to the bonds voted for the bonds. It is one of tbe most importaut
school decisions for years.
_

Bond

Calls ana Redemptions.

Bloomfleld, Stoddard County, WiO.—Bond CaZ^— Interest
ceased May 1 on 6% bonds Nos. 1 to 4, inclusive, .dated Aug.
Denomination, $500.
1, 1898.
Boffalo School District, Dallas County, Mo.— Bond Call.
—Bond No. 16 of this district was called for payment May 1.
Callaway County, Mo.— Bond Ca/i.— Call was made for
payment May 1 of $1,000 bonds Nos. 118 to 135, Inclusive,
dated May 1, 1897.
Canon City Sanitary School District No. 1, Colo.— Bond
CaW.— City Treasurer T. B. Moore calls for payment on or
before May 25, bonds of this district Nos. 17 to 24, inclusive.
Interest will cease after

May

25, 1905.

Carthage, M-Q.—Bond Ca/i.— Bonds Nop. 6, 7 and 8, for $500
each, carrying i% interest and dated May 10, 1900, were
called for

payment May

10.

Chicago, III.—S^jcciai Aases&ment Bonds Call.

—

L. E. Mccalled for payment $398,985 special assesment bonds. The list of bonds called is a
very lengthy one and was published la full in the " Chicago
Daily Journal " of May 23.

Qann, City Comptroller, on May 23

Cincinnati,

Ohio.—Winton Place

Bonds

Called.— The

trustees of the Sinking Fund of Cincinnati call for payment
July 9 at the American Exchange National Bank of New
York City or at the Tnird National Bank of Cincinnati t&e
following bonds issued by the village of Winton Place prior
to annexation to the city of Cincinnati
$1,500 62 town-hall bonds (Series Bl Nos. 1, 2 and 3. Denomination, $500.
Date, July 9, IbWi. Maturity, July 9, 1909, subject to call July 9, 1904.

Clearfield (Boro), Pa.—Bond C««.— T. T. Beahan, Presideat of Council, called for payment June 1. at the office of
the Borough Treasurer, bonds Nos. 6 to 15, inclusive, each
for $500, dated Sept. 1, 1891.
tolcrado.— TFarraH J Co /Z.— The State Treasurer, John A.
Holmberg, calls for payment 30 days from date of call—
Juoe 10— the following warrants
:

1902.

Marion County, Mo.

Bond

Call.

—The

County Court has

decided to call for payment $25,000 of the $100,000 42 courtG0U8H bonds issued June 30, 1900,
Miltvaokee, Wis.—Bon't CaZi.-The following bonds hav
been called for payment Jute 80
:

General City Bonds of 1885-No8. 402, 431 and 498, at $1,000 each.
General City Bonds of 1886-Nos. 583 and b76 at $l,'iOO each.
Water Bonds of 1886— Nos. 314,228, 155,177,368, 191, 268,175. 209, 232,195
and 283, at SLi^OO each.
Water Bonds of 1887— Nos. 648, 473, 646, 841,502, 435, 418, 451 643 and 636,
,

at

$1,1

00 each.

Mou<id City (Mo.) School Di8trlct.—Boad Ca«— Bands
7, tl,l00 each, dated March 15, 1894, were called

Nos. 6 aad
for

payment May

15,

lotereet Qi.

iUonnt Plea8aat Titwushtp, Bates County,

Mo.— Bond

for pavment June 1 of i^% bonds Nos.
13 to 22, inclusive, each for $1,000, dated June 1, 1897.
Ghas. 8. Moore, Scat e Treasurer,
Oregon. — Warrant Call
under date May 19, called for payment all outstanding State
warrants drawn on tbe Swamp L^nd Fund and itidorsed
" Presented and not paid for want of funds."

CaH.— C&U was made

—

Plattsburg (Mo.) School District-Bond CalL—dA was
tor payment May 16 of 4^ $500 bonds Ncs. 7, Sand 9,

m«de

bearing date

May

15. 1899.

—

Pulaski County (Mo.) SchooJ District No. 1.— Bowd Call.
Interest ceased June 1 on $500 bond No. 8, dated May 21,

1895,

District, Carroll Couuty, Mo.— Bond
30 on bonds Nos. 3, 4 and 5,
each for $400, dated Aoril 30, 1900. Interest, 5}^%.
was made for
Scotland County, :^o.—Bond Call—
payment May 6 of i^i bonds Nos. 48 to 61, inclusive, each
for $1,000, dated May 24, 1897
Springtleld (Mo.) School DIstrict.—Bond CaZZ.— Call has
been made for payment July 1, 1905, a': the Chemical National Bank, New York City, of 6% 10-20-y6ar (optional)
coupon bonds Nos, 53 to 62, inclusive, each for $1,000, dated

Kogard School

Call.

— iLterest ceased April

CM

Jaiy

1,

1892.

Texas County (Mo.) School District No. 3,— Bond Call.
A $100 bond (No. 2) carryiag 8^ interest and dated May 1,
1895, was called for payment May 13,
Vernon Township, Clark County, M.o.—Bond Call.—Oa

—

May

interest ceased on $100 bonds Nos. 59 to 83, inclusive.
(P. 0. Vicksburg), Miss —Bond Call.—
The County Treasurer has csilled for payment $2,000 Warren
County Mississippi Vallc-y
Ship Island Railroad bonds Nos.
136 to 155, Inclusive, issued Feb. 1, 1898.
1

Warren County

&

Web&ter County (Mo.) School District No. o.—Bond
Call.— Call was made for payment June 15 of a 6i $100 bond
(No. 1), dated June 15, 1903.
Weir (Kan.) School District-Bond Ca« B. F. Rodda,
Treasurer Board of Education, calls for payment July 1
bonds Nos. 14 and 15, series of 1895, each for $1,000.
Winton Place (now part of Cincianati), Ohio.— Bond
Ca/Z,— Certain bonds of this village, now a part of the city
of Cincinnati, have been called for payment July 9. See
item above under head of Cincinnati,
Wise County, Tex,— Bonds Redeemed.-Thii county recently redeemed and canceled $12,090 5i bonds, reducing ita

—

——— —

:

——

:

a

THE CHRONICLE.

2174

[

Vol. lxxx.

Barton Heights, Ya.— Bonds Voted.— On April 18 this
town voted to issue $15,000 internal-improvement bonds. The
registered vote was 168, of which 104 were cast in favor of

debt to |86,O0O, which amount has been refunded Into four
per cents, the new bonds, as stated in last week's Chronicle,
being taken by the State Permanent School Fund.

the bonds.

Bond Proposals and Negotiations

Battle Creek, Mich.— Bond SaZe.— On June 12 the $15,000
sewer bonds described In V. 80, p. 2414, were awarded to
W. J. Haves & Sons, Cleveland, at 102*12 and interest—
basis of about 8'813!g. Following are the bids :
For i% Boncls.
Seasongood & Mayer, Clncin.$15,175 25
W.J. Haves*. Sons. Cleve.. $15,318 00 Farson. Leach & Co.. Chic.
15,175 00

this

week have been as follows
AbbeTllle (Town), La.— Bond O^ering',— Proposals will be
3, by the Board of Aldermen, for
$40,0J0 5% water-works, sewerage and eJeotricllght bonds.
Authority, election held March 28, 1906. Denomination,

. . .

Trowbridge &NiverCo..Chlc. 16,807 00 Cent. Nat. Bli.. Battle Creefe.
S. A. Kean, Chicago
15,300 00 Browne-Ellinwood Co., Chic.
H. KlevboUe & Co., Cinotn... 15.292 00 Seltzer & Co.. Toledo
Mason. Lewis & Co., Chic... 15,230 00 Vf. B. Moss & Co.. Detroit....
N. W. Halsey .St Co. Chicago. IS.idO 00
For iJ6)t Bondi.
N.W.Harris & Co., Chicago. 15,188 00 W. R. Todd & Co., Clnolnnatu

received until 12 M., July

at the office of the Town Treasurer.
$4, COO in 1910,
1 as follows
86.000 in 1915, |6,0CO in 1920, $8,000 in 1925. $8,000 in 1930 and
$8,000 in 1935. Certified check for $2,000, payable to the
Mayor, required.
$500.

Interest

annuany

Maturity part yearly on July

:

jail

—

31,

564, authorized the igsuanoe of |17,000

—

bonds.

AkroD, Ohio. Bond Sale.— The City Council has authorized the issuance of $12,000 Spicer Street paving, $8,300 Arch
Street paving, |1,800 Jewett Street sewer and $2,200 Rhodes

Avenue sewer bonds. These bonds have been taken by the
Sinking Fund Trustees.
Albany, ^a.— Bonds Fbfed.— This city on May 30 voted to

Belle Plaine (Ean.) School District.— Bonds Defeated.—
election May 22 resulted in the defeat of the proposition
to issue $7,000 school-house bonds.
Belleyue, Ky. Bonds Proposed. The issuance of $40,000
scbool bonds is being considered by the City Cotjncil.
Beverly, Mass. Temporary Z.oan.— This city recently
awarded a temporary loan of $125,01)0 to Loring, Tolman
Tupper of Boston at 3*13;^ discount. Loan is dated June 7,
1905, and will mature in five months.
Billings, Mont.— Bond Halc-Oa June 6 the §15,000 10-20year (opt-iooal) funding bonds described in V. 80, p. 1747,
were awarded to Rudolph Kieybolte & Co., Cincinnati, at
101 '38 and accrued interest for 4J^ per cents.
Binghs.mtoii, N. Y.— Bonds Vottd.—On June 2, by a vote
of 538 to 513, this city authorized the issuance of $85,000
sewer bonds. Date of sale not yet determined.
BirmlDgham, Mich.—Bonds Foted.— This village recently
voted to issue $2,500 bonds for the extension of water mains.
Blnffton, Ohio.—Bonds Defeated.— It is stated that on
May 8 this place, by a vote of 71 to 278, defeated a proposition to issue $8,006 sewer bonds.
Boise, Idaho.—Bonds Authorized.— The City Council has
authorized the issuance of $106,681 bonds for sewerage improvements.
Boise City (Idaho) School District.- Bonds to be Issued.
We are advised that the district will shortly issue about
$60,000 bonds for two school buildings to replace the school
nonse and site recently sold to the State for Capitol purposes.
Boouville, 3ILo.—Bond Sale.—On June 15 $75,000 4« 5-20year (optional) water bonds were awarded to the People's
Bank of St. Louis. Denomination, $1,000. Date, July 1,
Interest semi-annually at the National Bank of Com1905.
merce, St. Louis.
Boston, Mass.— Bond Ci#erinflf.— Proposals will be received
until 12 M., June 20, by George U. Crocker, City Treasurer,
for $3,900,000 33^^ registered bonds as follows

issue $12,500 bonds for a high-school building— Douglas
County also voting to issue the same amount.
Albert Lea, Minn.- Bourfs Defeated.— This city on June 6,
by a vote of 76 for to 260 against, defeated a proposition to
lesue $10,000 5^ railway-aid bonds mentioned in V. 80, p.
2856.

Allegheny, Pa.

Bond Saie.— Following

ceived for the $910,000 ii bonds
as described in V. 80, p. 2356:

(6 Issues)

The

—

&

are the bids re-

offered

on June 12

A Mayer, Cln.. .1952,087 50
Blodgec, Merrltt &Co., Bost. 911,941 00

SeasonKOOd

Pittsburgh Tr. Co., Pitttb'g.|967.9a0 00
Dealson, Prior & Co., Cleve952,087 50
land and.Boston..

Alliance (Ohio) School District.— Bond Sale,— On June 5
the $8,000 i% 1-8-year (serial) school bonds described in V. 80,
p. 1931, were awarded to the City Savings Bank & Trust Co.,
Alliance, at 100'325 and accrued interest. Following are the
bids
Cit7 Savings Bk.
Alliance

& Trust Co.,

I

$8,023 00

|

Alliance

Back

Co., Alliance.. $S,025 00
Co., Cleve. . 8,006 00

Hayden, Miller 4

.

Amarlllo, Tex. Bond Election,— The City Council has
ordered an election for June 30 to vote on the issuance of
|10,000 fire-department bonds.

Ansoaia, Conn.— Bond Q^ering, —Proposals will be received until 12 M,, July 17, by the City Clerk, for $70,000 4=i
school bonds. Denomination, $1,000. Date, July 1, 1905.
Interest, semi-annual. Maturity, $8,000 yearly, beginning
July 1, 1908.
Argentine,

Kan.— Bonds Proposed.— This city is contemplating the issuance of bonds to fund the outstanding warrant debt.
Asheboro, N. C.—Bond Election.— An election will be held
June 80 to vote on a proposition to issue $10,000 schoolbuilding bonds.
Ashland, Ohio.— Bonds Autfwrized.—The City Council on
May 18 passed ordinances providing for the issuance of $14,700 5i Cleveland Avenue and $7,500 5% Pleasant Street bonds.
Atliena, Ore.—Bond Sale.— On June 5 the $16,000 5% 10-20year (optional) water bonds described in V. 80, p. 2232, were
awarded to Morris Bros.
Christensen, Portland, at 100*681.
No other bid received. Date of bonds, July 1, 1905.
Aabnrn, N. Y,— Bonds Authorized. Loans to construct
subways or conduits are authorized by Chapter 475, Laws of

:

$100,000 for rapid transit. East Boston Tunnel, payable July 1. 1945. Authority, Chapter 648, Laws of 1894: Chapter 500. Acts of 1897; Chapter
190, Acts of 1903, and Chapter 187, Acts of 1905.
100,000 for Cambridge Bridge, payable July 1, 1945. Authority, Chapter 467,

&

Acts of 1898.

—

800.000 for sewerage works, payable July

Aurora, Ont.— Debenture Sale,— On June 5 $4,484 64 5^
local-improvement debentures were awarded to Wood, Gundy
& Co., Toronto, at 105*027. Following are the bids
Wood, Gundy & Co.,Toronto. $4,710 00 Canadian Securities Co
$4,670 00
G. A. Stlmson & Co., Toronto. 1,701 00 Bronse, Mitchell & Co
4,658 50
Wm. C. Brent, Toronto
4.688 60 Dominion Sec. Corp., Mont'l. 4,«29 00
Ontario Securities Co
4,672 89 H. O'Hara & Co., Toronto.
4.515 00
Avalon, Pa.— Bonds Voted and Defeated.—The election
June 8 on four bond propositions resulted as follows:
I
|

I

for street
bonds for
bonds for
bonds for

. . .

improvements. Vote, 66 for, 69 against.
health department. Vote, 85 for, 46 against.
bridges.

borough

Vote, 76 for, 53 against.
improvements. Vote. 71 for, 67 against.

hail

Ballard, Wash.— Bonds Voted.—Thia city on May 27, by a
vote of 99 to 33, authorized the issuance of bonds to take up
outstanding warrants.
Baltic (S. D.) School District.— Bonds Fofed.—The issu
anoa of $2,500 building Donds has been authorizad by the
voters of this district.

Bangor,

He.— Bond

Offering.— W. J. Brennan, City Treas-

urer, will receive proposals until 10 a. m. Jane 20, for $500,000 4% coupon refunding water bonds. Denominations, $500
and $1,000. Date, July 1, 1905. Interest semi-annually in
Boston. Maturity, July 1, 1985. Certified check for $2,500,
payable to W. J. Brennan, City Treasurer, required.

Bangor, Wis.— Bonds Poted.— At a special election held
10 this village, by a vote of 95 to 88, authorized the issuance of $4,800 village-hall and fire-engine-house bonds.
Barry County, Mo.— Bonds Defeated,— It is stated in local
papers that the proposition submitted to the voters on April
22 to issue $45,000 court-house bonds failed to carry.

1935.

Authority, Chapter 426,
1945.

Authority,

1, 1945.

Authority,

1.

Denomination, $1,000 or multiple thereof. Date, July 1.
Interest semi-annually at the office of the City Treasurer.
Certified check on some Boston national bank (or cash) for 1;^
of the amount of bonds bid for, payable to the city of Boston
—Geo. U. Crocker, City Treasurer— required.
Bratenahl, Ohio.—Bond a/erXng.— Proposals will be received until 12 M., July 10. by Clliford A. Neff, Village Clerk,
for $3,650 82 fi% Brighton Road assessment bonds. Denomination. $500, except one bond for $150 82. Date, July 1,
Maturity, $500 on Sept. 1, 1906,
1905.
Interest, semi-annual.
and also on Sept. 1, 1907; $1,000 Sept. 1, 1908; $500 Sept. 1,
1909, and $1,150 82 Sept. 1, IfllO.
Breekeinridge, Ao.— Bonds Authorized —The issuance of
,000 f^i coupon electric-light-plant bonds has been authorDenomination, $500. Date, July 1, 1905, Interest,
ized.
semi-annually at the Exchange Bank, Breckenridge. SecuriThis city has no bonded debt
ties are exempt from city tax.
at present. Assessed valuation, $265,000. Date of sale not

:

$30,000
8,500
6.000
2.000

1,

Acts of 18U7, and amendments.
1,400,000 for Boston Tunnel and Subway, payable July
Chapter 531, Acts of 1902.
1,500,000 for land and buildii gs for schools, payable July
order of City Council approved May 24, 1905.

1905.

1

15,800 00

school bonds.
Bay City (Texas) School District.- Bonds Fofed.— It is
stated that this city recently voted to issue $31,000 schoolhouse bonds.
Bay St. Louis, Miss.— Bonds Proposed. The issuance of
$5,000 additional city-hall bonds is being considered.
Beanfort, N. C.— Bonds Voted. It is stated that this place
has voted bonds for the purchase of a site for a hotel to be donated to some person, firm or corporation who will construct
and maintain a modern hotel.
Bellefoutaine, Ohio.— Bonds Authorized.—Tiie City Council on May 23 passed an ordinance providing for the issuance
of $50,000 electric-light-plant bonds.

Addystoii (Ohio) School District— Bonds Defeated.— This
on May 16, by a vote of 56 to 186, defeated a proposition to issue $6,000 school-house bonds.

Bonds Fofed.—This county on May

00
00
00
80

Bay City (MJch.) School District.— Bonds Authorized.—
The Board of Education on May 19 voted to issue $50,000

district

Adair County, Mo.
by a vote of 1,182 to

15.175
15,167
18,165
16,000

determined.

Brighton

(111.)

School

District.— Bonds Defeated.— At

the recent election a proposition to issue $8,000 school bonds
failed to carry.
Broadbay Township, Forsyth County, N. C.— Bonds

May

Fofed.—This township on May 9 voted to issue $15,000 bonds
Southbound Railway.
Brookside, W. Ya.—Bond Election.— It Is stated that an
election will be held June 24 to vote on the question of Issuing $3,500 water and sewer bonds.
in aid of the

\

— ——
:

June

—

—

Buffalo, N.

:

THE CHRONICLE.

17, 1905.]

Y,—Bond O^ering.— Proposals

until 13 M., Jane 24, by
for the following bonds.

—

—

Frank T.

will be received
Gilbert, City Comptroller,

Lamprecht
about

3'90sf.

2475

Bros,

&

Co.,

Cleveland, at 105'548— a basia of

Following are the bida

:

S?n.2n" 00
Lamorecht Bro8.&Co..Cleve.$26.3S7 00 Weil. Rot h & Co.. Cincin
N. W. Halsey ACo.. N. V.... 2rt,Hl7 00 Union Sav. Bk. * Tr.<"n cm. 2ri.IH7 •so
w. J. Hayes & Sous., Cleve. vrt.307 do Sec Sav. Bk.^ Tr. Co. .Toledo. iO.l^S Oo
ttJ." 100
Seasontooa & Mayer, Cincin. 26,297 00 F. L. Fuller & Co., <"i eve
w. K. Toid & Co., Cincii' ... 2-,00ii 0<i
Denisou, Prior & Co., Cleve26,2f5.'i0 Browne.Ellinwood &Co.,Chlc )i5,»J3 00
Una and Hostoo
Hayden, Miller & Co., Cleve. 26,235 CO
Date o' b >hdd, June 13, 1905
.

IIOO.COO 3>i< 1-10-year (serial) registered (non-taxable) refunding water bonds,
dated Jnlyl. 1906. Interest semiannually at the office of the City
Comptroller, or at the Gailatln National Bank, New York City.
100,000 3Ht I-80-year (serial) resistered (non-tax»ble- refunding water bonds,
dated July 1, 1»K)6. Interest seml-annnally at the office of the City
Comptroller, or at the Gallatin National Bank, New York City.
160,000 3J^% 1-20- year (serial) registered abatement-o(-nulsance bonds. Date,
July 1. 1906. Imerest seml-Bnnnally at the office of the City Comptroller or at the Gallatin National Bmk, New York City.
110,208 36 i% monthly-local-work bond, -dated June 1, 1905, and maturing

June

1. lyotj.

Separate bids to be made for each issue. Certified check
for 2% of the amount of bonds bid for, payable to Frank T.
Gilbert. City Comptroller, and drawn without conditions,
required.
JUond Bill Vetoed,—The Governor on Jane 2 vetoed a bill
permitting Bnffilo to ;sme bonds to secure a site for the proposed new union railway station. The Governor in his veto
expressed his opposition to the practice of giving municipal
aid to railroads, and holds that the proposfid measure practically nullifies Article 8, Section 10, of the State Constitution,
which prohibits the loaning of money or credit to or in aid
of any corporation.
Butler, Fa, Bonds Authorized.— It is stated that the Borough Council has decided to issue $2l),000 i% bonds,
are advised that of the
Cantou, Ohio. Bond Sale.—
three issues of 5s 1-5-year (ferial) street bonds, aggregating
|69,5C0, cfifered on June 5, $54,1(J0 were awarded to D.-cison,
Co,, Cleveland and Boston, for |162 80 premium and
Prior
|5,40O to William Rittsnaugh of Canton for $144 premium.
Carroilton. 0.— 5ij?.d £^eciion.— An election will be held
to-day (June 17) to vote on the question of iesulng $15,000
electric-light-plant bonds.
Cedar Springs, Mich. Bond Election,— An election will
be held June 19 to voie on the question of issuing bonds for

We

&

.

Cleveland (0.) School Hiatrict.— Bonds Awai d-.d.—Oa
June 12 the $300,000 4% bond^, proposa's for whicti were
opened on Jane 7 (see last wewk'n chronicle, page 2415),
were awarded to D.-nison, Prior & Co,, Gievelai'd, Farson,
Leach & Co,, Chicago, and SeasotigooJ & Maj'er, Cmcinaati,
the highefct bidders, at 100 533.
Bonds Fo^ed,— This city on Jure 6, by a
Cliltuit, Texas.
vote of 66 to 17, antbor.zid the i^suauoe of |8,G00 water
works bonds,
Prcposfjla will be r^^-fiived
Clinton, Jttlnn.— Bond O/Zeriwy
until 8 P M., July 8, by J. L. Erickson, President ViUage
Council, for $6,000 b% 20 year water-wariii? bonds. Authority,
vote at election held June 6, 1905, Denomiaatioa, $1,000.
F. W. Watkins is Village Recorder.
Coahoma Comity (P.O. Ciur&sdale), Miss.-Bonds Proposed.— The issuance of $100,000 road and bridge bonds is
being considered.

—

Coiiinwood (Ohi*) School District. Bonds Defeated,—
election was held on May 11, wnea a proposition to issue
$100,000 high-school- baildiog and repair bonds failed to carry.
Colorado JSpriugs, Col«u— Bones Proposed. —The issuance

An

of 1340,01)0 i% bonds to refund securities now subject to call
or which will btcome subject to call in the near future is
being considered.
Columbus (0.) School Dist.— Bond Q^ertng.— Proposals
will be leceived until 12 m., July 3, 1905. by the Board of Education, for $25,000 4* 20-year bonds. Denomination. $1,000.
Date, July 1, 1905. Interest semi-annually at the National
Park Bank, New York City. Certified check on a local bank
for $1,000, payable to the Board of Education, required.
Conditional bids will not be considered. J. A, Williams is
Clerk Board of Education.
loan of $10,000 was
Concord, 'S!L&%^.— Temporary Loan.
recently obtained from Lorlrg, Tolman
Tnpper of Boston
Loan matures in six months.
at 3 '15% disoouat.

improvements.
Cedartown, Ga. Bonds Voted and Sold.— The issuance of
$7,500 school-improvement bonds was authorized at the
election held May 26, These bonds, it is stated, have been
sold to Robinson-Humphrey Co. of Atlanta at 113'125.
A
Champion and D^muurk (Towns) School District No 2,
&
Jefferboa and Levris Counties, N. I. Bond Offerina.~Pioposals will be received until 2 p. m., June 21, by the Board of
Cook (Neb.) School District,— Bonds Defeated— Bond EkeEducation at the store of Charles A. Beyer, West Carthage,
for $28,000 school-building bonds at not exceeding 4% interest. tion Proposed.— At a recent election a proposition to issue
Maturity, $1,000 yearly on Nov. 15 from 1905 to 1909, in- school bonds was defeated. According to local reports anew
clusive; $l,50O yearly on Nov. 15 from 1910 to 1923, inclusive, petition is being circulated asking the School Board to call
and $2,000 on Nov. 15, 1924. This district has no bonded a new election.
Cornwall, Ont.—Dtbenture Sale.— On May 20 this town
debt at present. Assessed valuation (est.), $500,000.
Charleston (W. Ya ) Sch, District.— fiond Sale.—Oa Jane awarded to Wood, Gundy & Co., Toronto, $8,0C0 4^^^ high10 the $5,000 4^^% coupon building bonds described in V. 80, school debentures, $5,000 4}4% water-works-extension debentures and $1,456 4>^^ consolidated debentures at 101-772 and
p. 2232, were awarded to W. R. Todd & Co., Cincinnati, at
accrued interest. Following are the bids
100"20.
No other bids were received.
Cheney, Spokane County. Wash.— Bond Ojferifigr.— Pro- Wood, Gundy & Co., Toronto.H4,712 25 H. O. Hara & Co.. Toronto... $14,610 00
Wm. C. Brent, Toronto
14,628 50 U. A. Btimson & Co., Toronto. 14,609 00
posals will btJ received until 7 p. m,, June 24, by A. L, Ames, Dominion
Secu rities Corp.
14,524 00 iSmillas Jams & Co.. Tor... 14,501 00
City Treasurer, for $8,000 reiunding bonds at not exceeding
Covington, Wa.— Proposed Bond Election.— It is stated in
^% interest. Date, July 1, 1905. Interest, semi-annual, Ma- local papers that this city will soon hold an election to
vote
turity, July 1, 1920. Certified check or bank draft for 5^ of
upon the question of Issuing $46,G00 electric-light-plant
street

—

:

. . .

amount of bid, payable to the Treasurer of the city of
Cheney, required.
Chetopa, Kan.— Bonds Fo<cd.— This place recently voted
to issue bonds for a water-works system and an electric- light
the

plant.

Cheyenne (Wyo.) Sch. District No. 1.— Bond Sale.— On
June 10 the $b5,000 4^ 10-30-year (optional) refunding bonds
described in V. 80, p. 2357, were awarded to the State of
Wyoming for $35,100 and interest for 4 per cents. Following are the bids
For 4 Per Cents.
State of Wyominif
135,100 00
E. H. Rollins & Son8,Denver. 34,800 00
M. Marks,ICheyetme
8,050 60

I
I
I

|

For i]4 Per Cents.
B. H. Kollins & Sons. Denver.|33,74T 50
N. W. Harris & Co., Chicago. 35,402 00
First Nat. Bank, Cheyenne.. 85,000 CO

Cincinnati, Ohio.— Bonds Authorized.— The City Council
22 passed an ordinance providing for the issuance of
$8,000 4i 1-year coupon emergency bonds dated July 1, 1905.
Clarkston (Wash.) School District.—Bond .fi?/ee«on.— It
is stated that an election will be held in this district to vote
on the question of issuing |8,000 school-house bonds.
Clearfleld (Iowa) Sthool District.- Bonds Defeated.— The
propsition to issue $6,000 school-house bonds failed to carry
at the election held May 15.
Cleveland, Miss.— Bond 8ale.—0a June 8 the $12,000 5%
10-20-year (optional) conpon municipal school bonds described in V. 80, p. 1966, were awarded to the Oklahoma
Bond & Trust Co., Gachrie, at par and lithograph bonds free
of charge.
Cleveland Heights, Ohio.— Bond Q/TeriNp,- Proposals will
be received until 12 m., July 11, by Wm. G. Phare, Village
Clerk, Fairmount Pes'-. Office, or at bis oflBice No. 402 American Trust Building, Cleveland, for the following bonds

on May

:

$33,728 5S coupon Mayfleld Koad assessment bonds. Dencmination, *I,OOP,
except one bond for tlzS. Maturity yearly on Oct. 1, i:i,00o in 19G6,
19u7, 1009, 1«10, lt*li and 1914; |4,000 in 1908, IHll and 19i3; $3,728 In
1915.
7,172 6? conpon Mayfleld Road (city's proportion) bonds. Denomination,
$25'), except one bond for 272. Matnrliy, $760 yearly on Oct. 1 from
1906 to 1914, inclusive, and 1522 Oct. 1, 1915.
1 and Oct. 1 at the cflBce of the Village
Accrued Interest to be psiid by purchaser. Cercheck for 10% of the amount of bonds bid for, payable

Interest,

April

Treasurer.
tified

to the Village Treaaurer, required.
Bo7. d 5'a^e.- On Jane 13 the $25,000 41^?; coupon waterworks bonds desorioed in V. 80, p. 19S6, were awarded to

bonds.

Crawford County (P. 0. Deuison), Iowa.— Bond Sale.—

On June

H

5-10 year (optional) additional court6 the $40,000
house bonds described in V. 80, p. 2357, were awarded to the
Bank of Denison at 100*75, Following are the bids
Bank of Denison. Denison... $40,800 CO N.W. Halsey & Co., Chicago.. $40,106 00
J. V. O'Brien <k Co., Boston.. 40,275 00 N. W. Harris A Co., Chicago. 40,056 00
First Nat. Bank, Denison
40,200 00 Farson. Leach & Co. .Chicago. 40,015 00
Q.M. Bechtel.A Co., Dav'p'rt. 40.175 00 Thos. J. Bolger & Co.. Chic. lO.OOO 00
I

I

I

1

Crawfordsville, Ind.—Boni Sale.— On June 13 $15,000 4jC
refunding bonds were awarded to J. F. Wild
Co., Indianapolis, for $15,555.
Denomination, $1,000. Date, July 1,
luterest semi-annually. Maturity, $2,000 July 1, 1910,
1905.
$2,000 July 1, 1911, $3,C00 July 1, 1912, $3,000 July 1,1914,
$2,000 July 1, 1915, $2,000 July 1, 1916, and $2,000 July 1,

&

1917.

Creston, Ohio.— Bond £/ec<ton.— An election will be held
July 3 to vote on the question of issuing $20,000 water and
light bonds.

Crystal Falls (Mich.) School District.-Bond Sale.— It

is

stated that the $40,000 sohool-buildlog bonds mentioned in
last week's Chrojjicle have been sold to the Iron County
National Bank of Crystal Falls.

Cumberland County, Tenn.— Bond Q^ertngr.— Proposals
will be received until

County Judge, and U.

p, M,,
S. Rice,

1

July

1,

by

W.

A.

Hamby,

County Court Clerk, for

$25,C00 5^ courc-honse bonds. Denomination, $500. Interest,
semi-annual. Maturity, July 1, 1925. Optional after July 1,
1915.

Danville, \&.—Bond Election.— An election will be held
to vote on the question of issuing $50,000 i% 30-year
street-paving bonds.
Dedham, Mass.— Bond O^ering.— Proposals for the following notes will bs received until 8 p. u., June 20, by E. A.
Brooks, Town Treasurer:
$5,000 4% street notes. Dated when issaed. Maturity, $1,000 annually,
$5,000 4% engine-bouse notes. Dated when issued. Maturity, $1,000 annually.
$20,000 tax note. Dated when Issued. In one note payable on Nov. a, 1905.
Interest on the street and engine-house notes will be payable semi-annually at National Shawmut Bank, Boston, or

June 20

by check mailed to holder.
Dothan, Ala.— Bond Election.— An election will be held
June 19 to vote on the qaestlon of iesulng $20,000 water and
light bonds. These securities will take the place of the $20,-

:

a

:

THE CHRONICLE

2476

000 bODds which the to^sn has been cflftring for some time,
certain changes in the iesue necf s^ltating a ntw election.
Dcngherty C<;uiitj (P. 0. Albanj) iiti—Eondi VoUd.This county on May 80 voted to Issu-* §12,500 hoods for h dhw
high school building—the city of Albany also voting a like
amount for the same purpose.
Dowler Free Tarflvike No 51, Tan Wert County, Ohio
Bond Offering. Proposals will be rt^ceived nntil
June 31, at the law office of Blachly, Priddy & Kerns, Van
Wert, for |5,500 43^< oonpon road-improvement bonds. Authority, Chapter 7, Title 7, of the Revised Statutes and Section 4808. Denominations, eleven for $200 atd eleven for
|3C0 each. Date, July 1, 1905. Inter eat March 1 and Sept. 1
at the cffice of the County Treasurer. Maturity, $2C0 on
Sept. 1 in each of the years 1907, 1910, 1911, 1923 and 1924;
$400 on Sept. 1 in the years 1920, 1921 and 1922, and |800 on
Sept. 1 in each of the years 1908. 1909, 1912, 1918, 1914, 1916,
1916, 1917, 1918, 1919 and 1923. Certified check for $300, payable to the Rgad Commiesioners, required. Bids must be
unconditional. Blank bonds to be furnished by the purchaser free of charge.
Downey fligh School District, Ca\.— Bonds Fo^cd.—This
district on May 29, by a vote of 254 to 117, authorized the isEuance of |20,000 bonds.
Dyer, Tenn.—Bondi VoUd.—ThlB place on June 3 voted to
issue $5,000 school bands.
Eatt Palestine (O.)ScIiool District— Bond Offering— Preposals will be recpived until 12m., July 7, by H. J. Fraser,
Clerk of Bo£rd of Education, for $19,000 5% coupon schoolbuilding bonds. Authority, Revised Statutes, Sections 8991,
3992 and 3S93. Danomination, $500. Date. Sept. 1, 1905.
Interest semi-annually at the Treasurer's cffiae. Maturity,
"$1,500 each year on and after 1908." Certified check for $5C0,
payable to the Clerk of Board of Education, required. Bonded
debt, excluding this issue, $46,000.
are advised that the
Edwardsdale, Pa.— flond ^sa/e.
$10,000 improvement bonds voted at the election Feb. 21 have
been sold to a Klngstcn (Pa.) bank.
Elbetton, G&.— Bonds Voted— Bond Offering.— Thia city on
June 5, by a vote of 803 to 5, authorized the issuance of $20,000 43^5f 20-year sewer bonds. Proposals will be received at
any time by W. O. Jones, Chairman, for the private sale of
these bonds. See V. 80, p. 2857.
El&liart rounty (P. 0. Ooslien), Jni.—Bond Sale.- O
June 8 the $50,000 5% f% year (average) court- honee bends
described in V. 80, p. 1871, were awarded to J. P. Wild
Co., iDdianapolis, at 108 05 and accrued Interest. Following
are the bids
J. F. Wild & Co., Ind'apolls. .$54,025 00 Denlson, Prior* Co., Clereland and Boston
162,503 76
B. D. Bnsh & Co.. Ind'apolls.. 58,760 00
52.400 00
Marion Tr. Co Indianapolis. 53,666 E5 City Nat. Bauk. Goshen
K. M. Camt>bell4( o..lnd'll8. 68.61 00 Hoehler& Cummlngs.Toledo 68,352 60
Meyer & Kiser, Indianapolis. 53,600 00 T. J. Bolger & Co.. Chicago. 62,3i 00
62,255 00
Elkhart County Loan & Tr.
Chas. S. Nichols
62.100 On
63,400 00 W. K. Todd ACo., ClnclD
Co.. Goshen

—

—

2pm,

— We

&

,

IJ

.

61,8^100
H. foffln, Chicago
6>.771 70
B. G. Schaefer, Goshen
First State Bank, Elkhart.... 60,&u3 00
First Nat. Bank, Elkhart
50,000 00

f 3,000 CO
P. A. Kean. Chicago...
Weil, Roth & Co.. Cinclnratl. 62,858 00
W. J. Hayes & Sons, Clave... 62,82100
A. Kleybolte & Co., Clncln... 52.700 00

:

C.

Emily (Town) Crow Wing Connty, SLinn.— Bonds mt
—The |2,0C0 bonds offered for sale on May 20 were not

old,
old.

We

are advised that application has been made to the
State for this loan.
Fanlk Connty (P. 0. Panlkton), S. Dak —Bond 8ale.~0a
May 29 $5O,C0O
court-house bonds were awarded to the
State of South Dakota at par. Denomination, |1,C00. Interest, January and July.
Maturity, twenty years, subject to
call after five years.
These are the same bonds awarded last
February to N. W. Harris & Co. of Chicago, but which were
gubsrquently refused by that firm on the ground that the
queetlcn had not been legally submitted to the voters.
Debenture Election.— It is stated that a byFeroie, B.
law will be submitted to the voters providing for the issuance
of $1(0,000 water- works debenlurep.
Fott Bragg Union Higli Scliool District, Mendocino
County, Cal.— Bond Saie.- Oa June 6 the $17,000 ti^« 1-17year (etrialj coupon bonds described in V. 80. p. 2387, were
awarded to the Union Trust Savings Bink, Santa Rosa, at
107*276 and accrued interest. Following are the bids
1

H

C—

:

Union Trust Sav. Bank, Santa
Santa Rosa Nat.Bk., Santa Rosa.$18,020
Rosa
$18,237 Adams-Phillips Co., Los Angeles 17,025
I

I

Fort Worlli (Texas) School District.- Proposed Bond
Election.— The Board of Education has asked the City Couacil to call an election for the purpose of voting upon a proposition to issue $75,000 bonds for new school buildings.
Franklin (Ind.) School District- Bonds Defeated.— Thia
district on May 23 defeated a proposition to issue $50,030 highschool building bondp.

Fremont, Ohio.— Bonds Votid.—Tlu city on June 5, by a
vote of 872 to 95. authorized the ipsuanoe of |?0,000 fire-department bonds. Date of sale has not as yet been determined,
Bond dale.- Oa June 12 the |14,0J0 i%i West State Street
pavine bonds described in V. 80, p. 2357, were awarded to
the Fremont Savings Bank Co. for $14,335. Following are
the bids
Frtmont Savings Hank ro...|14,H35 00 Hoehler ACummlugs, Toledoll4,176 60
I

L»mDreohlBroe.&Co.,OleTe.

W

J.

14,'i24 00
Cleve... 14,221 00
iiayer, Clncln. 1«,195 OJ

Uayo« A.Sons,

Seasongood n

|
I

Weil, Koth atCo. Cinoln
14,160 00
K.Todd * Co., Cincinnati. 14,075 00

[Vol. lxxx.

Minnesota Loan & Trust Co., MtrneapoUs. for $S,240, Dencmination, $1,000. Date, Julv 15,1905. lateres!', semi-antUHl. Maturity, 1921.
Gajlord, Sibley Couaty, Minn —Bond O^ertngi.— Proposals will be recti ped until 1 p. m July 1, by the Village
Council, W, G. Comnlck, Prestdent, ftr $9,000 5% 10-year
funding bonds. Authority, vote at election held June 6,
1905.
Denomination, $1,000. Interest, annual. L. G. Becker
is 'Village Recorder.
Giravd (Ohio) School Difetr iet.— Bo«d Sale.— Oa June 2
the $a8,000 5% school building bonds described in V. 80,
,

p, 1932,

were awarded

to F. L. Fuller

&

Co., Cleveland, at

111'33.

tlloacester City, N. J.— Bond Bti.-Ooly one bid, that of
par and accrued interest, was received for the t5 ).C00 4,i
funding bonds offered for sale on June 12. This bid was
held under advisement. Date, June 1, 1906. Interest, semiannual. Maturity, June 1, 1915.
Grand Island, Neb.— Bonds Propoacd.— The question of
issuing 135,000 light-plant bonds recently came up in the
City Council, but nothing has hs yet been done iu the matter,
Granite (P. 0. La&tr op), Minn.— Bond Safe.— On June 6
the 11,000 6;? coupon funding bonds described in V. 80, p.
2233, were awarded to the National Bank of Flint, Mich., at
1006D.

Great Bend (Kan.) ScIiool District.- Bonds Voted.—This
on May 23 by a vote of 149 to 99 authorized the is-

district

suance of $14,000 school- house-addition bonds.
Green Bay, Wis.— Bond Oj'erirgf.— Proposals will be received until 2 p. H., June 28, by the Committee on Finauce
of the Common Council, for the following bonds
:

$12,000 i% bridge bonds, maturing $1,000 yearly from 1914 to 1925. inclusive.
6,000 A% refunding bonds, maturing $1,000 yearly from 1921 to 1925, inclusive.

Denomination, $1,000. Date, Jan. 1, 1905. Interest, semiannual. Certified check for $250 on some "Wisconsin national
bank required. Purchaser furnishes blank bonds free of
charge.
Greenville, S. C.—Bond Offerinq.-PTODOBals for the $125,000 i%% coupon bonds to pay off floating debt and for street
and sewer improvements described in V. 83, D. 2416, will be
received until 6.30 p. M., July 1, by W. B. McDaniel, City
Clerk. Denomination, $1,000. Date, July 1, 1905. Interest seml-anLually at some bank or trust company in the
cities of New York, Boston, Chicago or Cincinnati, at the
option of the purchaser. Maturity, July 1, 1935. Bonds are
exempt from city tax. Certified clieck for 3^ of the amount
bid for, payable to the Treasurer of the city of Greenville,
required. Securities will be certified as to their ganuineaess
by the Inter- State Trust Co., Greenville. Bended debt, including this issue, $318,500. Assessed valuation, $3,465,662;
actual valuation, $10,500,000.
Gaelph, Ont.—Dtbenture Election.— An election will be
held June 24 to vote on a by law providing for an extension
to the gas plant at an estimated cost of $65,000,
Debenture Offei ing.-FroTpoa&lB will be received until 1
p. M., June 19, by Richard Mitchell, City Clerk, for the following det)entute8
$7,000 4^< 80-year water-works debentures.
23,000 iii% 30- year Collegiate Institute debentures.
3a.000 «H!l 30-year Radial Railway Company debentures.
:

Bay School District, San Mateo Connty, Cal.—
Election. The election to vote on the questiau of issuing the $iO,000 school bonds mentioned in last week's Chronicle will be held to-day (June 17).
Hamilton (Town), BaYalli County, Mont.—Bond Offering,
July 3 at 10 A M, tbe Town of Hamilton will sell at
public auction at the fire engine-house $10,000 5^ 10-20-year
(optional) city-hall bonds. Denomination, $1,000, Interest,
Jan, 1 and July 1, Richard C. Parmenter is Town Clerk.
Hamilton Connty (P. 0. Cincinnati), Oliio.- Bond Offering.— Pxo'()OB2t\R will be received until 12 m., July 7, by the
County Commissioners C. C. Richardson, President, and
Geo. C, Zimmerman, Clerk— for $50,000 3>^« 'County Insane
Hospital imprcvemisnt" bonds. Denomination, $500. Date,
July 1, 1905. Interest semi-annually at the office of the
Ccuaty Treasurer. Maturity, 50 years, subject to call after
25 years. Certified check for $500, payable to the Treasurer
of Hamilton County,' required.
Bond O^eringr.— Proposals will be received until 12 M,,
July 14, by the County Commissioners— C, C, Richardson,
President, and Geo, C. Zimmerman, Clerk— for $6,000 i%
Haifriioon

Bond

—

—Oa

—

"County Infirmary improvement" bonds.

Danomination,

Date, July 15, 1905. Interest semi-annually at the
Maturity, July 15, 1915.
cflSoe of the County Treasurer,
Certified check for $100, payable to the Treasurer of Hamilton County, required,
$500,

Scliool District, Mercer Connty,
election will be ht?ld June 20 to
vote on the question of Issuing $7,500 20-25-year scbool-house
bonds. This will be the second time this proposition has
been submitted to a vote; the first election (which was held
May 16), although resulting in a vote of 11 for and none
against the proposition, was not approved by the Attorney-

Humiltjn Township

N.

i.—Bond Election.— An

\V.

|

Fulton, N. Y.—Bond Sale.— Oa June 10 the $15,000 i% registered aewer bonds described in V. 80, p. 2416, were awarded
to W. J. Hayes & Sonp, Cleveland, at 104 13 and accrued interest.
Bonds mature |5,t03 on January 1 of each of the
years 1920, 1925 and 1930.
tiates Connty, Wis.— Bond Sale.— An ieaue of $8,000 il^i
jill and sheriff's residence bonds has been awarded to the

Hampbhire, 111.— Bonds Authorized.— This, village has authorized the iseuance of the $3,000 5^ coupon sidewalk bonds
voted at the election held April 18, 1905. Denomination,
Date, June, 1905. Interest annually in May at Hamp$600,
shire,
Maturity, $600 yearly on May 10 from 1907 to 1911,
inclusive. The village has no debt at present. Assessed
valuation, $100,000. See V. 80, 1748, C, H, Klick is Village
Clerk.

—

—
June

—

:

THE CHRONICLE.

17, 1905.]

2477

Idaho Springs, Colo.— Bond 0#eringf.— Proposa's will be
Hancock Connt? (P. 0. New Cumberland), W. Ya
Bondi Not Yet Sold.— Bond Offering.— The $125,000 i% cou- received until 8 p. m,, July 6, by Charles Brandstetler, ,City
pon road-improyement bonds oflEered without success on Clerk, for $75,000 5% coupon water-works bonds. Autho rity,
April 18 have not yet been sold. Proposals for the private sale election held June 14, 1904; vote, 58 to 14, Datioaiinations,
of theee bonds will be entertained at any time by Armor S. seventy bonrts for $f>00 each and forty bonds of $1,000 each,
Date, Sept. 1, 1904. latflresc, semi-annually at the office of
Cooper, Bond Commissioner. See V. 80, p. 1384, for descrip
City Treasurer, or at Kiunfze Broa., New York City. Mation of bonds.
Hardin Conntj (P. 0. Konntze), Tex.— Bonis to he Issued. turity, Sept. 1, 1919, optional afer Sept. 1, 1914. Certified

—This county,
county

it is

stated, will issue |40,000 bonds for a

new check
The

jail.

Harrisbnrgr, Pa.—Bond OJfmnfli.— Proposals will be received until 3 p. M., June 20, by Henry W. Gough, City
Comptroller, for $218,400 i}>i% coupon public-improvement
bonds. Authority, Act of Legislature April 20, 1874, P. L.
Denominations, |100, |500
65, and supplements thereto.
and $1,000, at the option of the buyer. Date, March 1, 1905.
Maturity, $36,400 yearly on Sept 1 from 1630 to 1935, incluCertified check for 2% of the amount of bonds bid for,
sive.
payable to the City Treasurer, required. Securities will be
certified as to their genuineness by the Halted States Mort-

gage & Trust Co., New York City, and their legality approved by John G. Johnson, Philadelphia. Assessed valuation, $32,094,465; actual valuation (estimated), $43,000,000.

Harrisbarg (Pa.) School District.—Bonds Re-awarded.—
$85,000 4% school bonds awarded on March 20 to E. H.
BoUins & Sons, Boston (see V. 80, p. 1193), have been refused
by that firm and the bonds re-awarded to Trowbridge &
Niver Co., Chicago, at 104 82.

The

for $1,OCO, payable to the City Treasurer, required.
legality of the securities has been approved by Albert E,

Present bonded inddbtedness,
Greer, Attorney, Denver.
Assessed valuation, $335,000; actual valuation (estimated), $2,500,000.
Indianapolis (Ind,) School District —Bond Sale,— On
June 13 the $50,000 2}4i 33-year coupon bonds described in
V. 80, p. 1987, were awarded to J. F. Wild
Co., Indianapolis, at 103*713— a basis of about 3 31»^«.
Following are the
$13,000.

&

bids:

WUd & Co.. Indlan'lis...f51,856 00 R. L. Day & Co.. Boston
850,890 00
an. Bash ACo..lD(llan'lls... 61,P28 00 Newton Todd, Indianapolis.. 60.840 00

J. F.

I

Marlon Tr.

U

Co., IndianapollB. 61,317

I

Indiana Tr. Co.. Indlan'lis... 60.618 87

& Co.. Cinoln. 61,010 00 Meyer & Kiser. Indianapolis. 60,l')7 50
Iionton, Ohio.— Bond Safe.— The highest bid received
June 6 for the three issues of 5^ 20 year bonds, aggregating
$44,5C0, described in V. 80, p. 1932, was that of Saasongood &
Mayer, Cincinnati, at 112-586 and interest a basis of about
4'087^.
Following are the bids
H. Klejbolte

. .

|

—

ISO.OCO

JIO.OOO

Bonds.

Bon(U.

Seasoneood & Mayer, Cincinnati.. $33,776 80
33,42100
Well, Roth & Co., Cincinnati

Ili.'-^SSeO

14.500
MotuUi.

37
5,10700
5,010 60
6,017 50
4,9t5 lO

$.5.069

For

all

the Bonds.

160,100 77

Harrison, MLIcli.-Bond Sale.— On May 15 the following
11,14!00
49,67000
00
4»,727 60
11,153 00
bonds were awarded to L. Saviers & Co. at par
$^,000 5% Prov. Sav. Bank & Tr. Co., Cincln. 83.4R4
83,45000
11.160C0
F. J. Harsbal, Ironton
49,617 55
street bonds, $2,000 Hi sidewalk bonds and $1,000 5% city-park W. R.Todd A Co., Cincinnati
3S,3.0 00
ll.lOJO)
49.?95 00
iW.l'-B 80
Prior & Co., Cleveland
bonds. Denomination, $500. Date, June 1, 1905. Interest, Denison,
33,16650
49,18150
Hoehler & Cummlnps. Toledo
11,C52 60
4,972 50
semi-annual. Maturity, June 1, 1935.
49,17250
F. L. Fuller & Co.. Cleveland
10,931 CO
4,920 00
48,643 00
W.J. Hayes & Sons, Cleveland ... 32.792 00
Harvard (Neb.) School District.—Bonds Registered.—The Now
4S,19360
First Nat. Bank, Columbus
32,445 01
10,80500
4,81500
48,095 00
State Auditor has registered an issue of $5,000 refunding P. S. Brl«S8 & Co.. Cincinnati
60
11.225
00
UnlinSav. Bk. ,& Tr. CO.. Cincin.. 33,677
bonds of this district.
11,255 00
CentralTr. & Safe Dep. Co.,Cln..
Haveihlll, Mass. Bond Offering.— PropoasAa will be reJackson, Tenn.— Bond Ordinance.— An ordinance has been
ceived until 10 A, M, June 19, by Arthur T. Jacobs, City
Treasurer, for $28,000 3^^ coupon bonds. Denomination, iotroduced in the City Council proviling for the issuance of
:

.

Date, April 1. 1905. Interest, semi-annually at the
First National Bank, Boston. Maturity, $3,000 yeaily on
April 1 from 1906 to 1914, inclusive, and $1,000 on April 1,
1915. Accrued interest to be paid by purchaser.
Healdsbnrg School District, Ca\.—Fojidi Fief cZ —This
district on May 29, by a vote of 187 to 10, authorized the is
euance of $30,000 school- building bonds.
Henderson County (P. 0. Henderson), Ky.— Bond EUctfon.—The propositions to issue $180,r00 road and $100,000
court-house i% bonds (mention of which was made in V. 80,
p. 1436) will be submitted to a vote at the general election
$1,000.

Nov.

7, 1905.

—

Tenn.— Bonds Defeated. The proposition to
issue $3,500 water bonds failed to carry at the election June 3,
the vote being 35 for and 38 against the issu?.
Hightstown, N. J.^Bond Election.— A.n election, it is
stated, will be held Jane 20 to vote on thequsstion of issuing
$80,000 electric-light-piant bonds.
Hinckley Tovrnabip (P. 0. Hinoblej) School Di->trict,
Ohio. Bond Offering.— Proposala will be received until 1 p
M. to-day (Jaue 17) by A. A, McKee, Clerk of Board of EdAuthority,
ucation, for $5,003 5% coupon school bonds.
^vised Statutes. DanomiSections 3S91-92-93 and 22b of the
nation, $500. Date, June 17, 1905. Interest, March and Sept. at
the office of Treasurer of the Board of Education. Matuiiry,
$500 yearly on Sept. 1, from 1906 to 1915, inclusive. Purchaser
to furnish blank bonds free of charge. Cash or check for
d% of bid on some bank in Medina County required.
Hirn Free Turnpike No. IS, Tan Wirt county. Ohia.—
—Bond Oj^ertngr.— Proposals will be received until 11 a m.,
Kerns, for
June 31, at the law office of Blachly, Priddy
Denomina$2,800 i}4% coupon road improvement bonds,
tions, five bonds for $200 f aoh and six bonds for $30 each.
Authority, Chap. 7, Tiile 7 of Revised Statutes, especially Sec.
Date, July 1, 1905. Interest, March and Sept., at the
4SC8,
County Treasurer's office. Maturity, $200 yearly on Sept. 1,
from 1£05 to 1908, inclusive, and $400 on Sept. 1, 1915; $300
yearly on Sept. 1 from 1909 to 1914, inclusive. Blank bonds
to be furnished by purchaser free of charge. Certified chtck
for $300, payatle to the road commissioners, required.
Hoidrege School District, Pbelps Couoty, fieb.—Bmd
Proposals will be received until 8 p. m., July 3, by
O^eringi,
John D. Standr, Treasurer, for $17,000 5,t coupon high-schoolDenomination, $1,0C0. Di^e, July 1, 1905
district bonds.
Interest semi-annually at Kounrze Bros., New York City.
Maturity, Jaly 1, 192f>. Present bonded Indebtedoess, $2),Assessed valuation, $373,143,
0.
000; sinking fucd, $9
K< konio), Ind.— Bona Saie.— Oii
Howard County (P.
June 6 the $^,800 6j 4-year (iv^rage) W. W. Hopkins freegravel-rcsd bonds deecribed in V. 80, p. 3233, were awarded
Co., Indiacapolis, at 105'356— a basis of
to J. F, Wild
HennlnsTt

R

&

—

&

about

4 55?.

Hnghedtown Borough School District (P. 0. Pittston),
Fa.—Bond Sale.—Oa June 1 the $3,000 b% 10 year coupon
school bonds described In V. 80,

p. 2333,

were awarded to

Katherine Hoffman at par.

Hugo, Ind. Ter.— Bonds Foied.— This town, it is stated,
has voted in favor of a proposition to issue $15,CO0 schoolbuilding bonds.
flutchinsoD,

Kan.- Bond Election,— It is stated that an
election will be held in this cliytovote on the qiestion of
issuing |i6,000 light-plant bonds.

$150,C00

Commerce

Street extension bonds.

Jackson Hill Township, Ddvidson County, N. C— Bonds
Defeated, The issuance of $5,000 bonds as a subscription to
the capital stock o! the Southbound Btilway failed to carry

—

at the election held

May 9.

Jefferson Independent School District, la.— Bond Offerirjgr,— Proposals will be received until 2 p. m., June 21, by J.
W. Fitz, Secretary Board of Education, for $30,000 i^i
school-building bonds. Authority, Section 2, Chapter 137,
Laws of 19C2. Dencminaticn, $5(0. Date, July 1, 19G5.
Interest, semi-annually at Jefferson or elewnere, at option of purchaser. Maturity, July 1, 1915; subject to call
$5,000 July 1, 1906, and $15,C03 July 1, 1910. Certified check
payable to Edward W. Foy, Treasurer, required.
f. r $200,
Assessed valuation of District,
Bonded debt, this issue.
$448,588. Actual valuation, $1,794,352.
Bond Sa/e.— On June 1
Jefferson School DIstrfci, S.
the $7,500 school-building bonds offered but not sold on
Mav 10 (see V, 80, p. 1987,) were awarded to Percival Brooks
Coffin at 100-133 for 5 per cents.
Jersey titj, N. J.— Bond Sale.— Oa June 4 the $603,000 i%
80-year refunded assessment, the $250,030 ii 80-year school
and the 30,000 4{ 80-year fire-department bonds described in
Co. and
V. 80, p. 1872, were awarded to John D. Everitt
Parson, L^ach
Co. of New York City at lOO-OS. The $200,000 4f hospital bonds advertised to be sold on the same date

C—

&

&

were not awarded, having been withdrawn.
Jordan, Minn.— Bond Q^ering.— Proposals will be received
until 8pm, June 30, by C. Rodarig, City Clerk, for $18,000
refunding bonds at not exceeding Q% interest. Denomination,
Date, July

Interest, annual.
Maturity,
1923, inclusive.
Kansas City (Kan) School District.- Boji Z* Voted —This
district recently author! z ad the issuance of $40,COO bonds by
a vote of 3,799 to 553.
Kearny County (P. 0. Lakin), Kan.— Bord Issue, This
county hag turned over to its creditors the $85,000 5% 3)-year
funding jaclgment bonds described in V. 80, d. 1134,
Bond Offering— This town, at an
Kings Mountain, N.
election held recently, authorized tne issuance of $15,000 5%
coupon electric-light bonds. Proposals will be received for
these botids until 3 P. M., July 15, by J. C. Patrick, Town
Clerk. Dsnomlnation, $530. Dite, May 2,1905. Interest
eemi annually at Kings Mountain. Maturity, 30 years. Dapoelt of S'-.OU required.
Bjuded debt, this issue. Assessed
$1,000.

$1,000 yearly

on July

1,

1

1905.

from 1906 to

—

C—

vwlnation, $>75,00l'.
i^ond O^^ ring.— According to reports, the
Kit'ery, Me
Tteasurer of this place will rooeiva bidj until 13 M, Jane 80
for t8,(0) SJ^-i 1-18 year (aerial) bonds.
Koochiching (Town), Miun —Bond Sali
Jane 3 the
20-year road and bridge bonds described in V. 80,
$15,000
p. 1384, were awarded to the Commercial lavestment Co.,
bid of $15,025 was also received from
Duluth, at par.
Welle, Dickey & Co. of Minneapolis.
Lake City, Fla.-Bond Election Prcposed.—The city will
ask the Legislature for authority to hold an election to vote
on the question of issuing $135,000 bonds for various purposes, iL eluding sewers, water electric plant, paving, parks,
schools, etc.
Lainarsh Di*aiaage District (P. 0, Pekin), III.— Bonda
Authorized.— This district has authorized the issuance of
-nominations,
$60,000 61 coupon improvement bonds.
Interest annually on July 1 at the
$100, $500 and $1,000,

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THE CHRONICLE.

2478

Maturity, 15 years.
Preeeut
Ccnnty Treasurer's cffiee.
bonded debt, excluding this issue, $19,000,
Laporle, Ind.— Bond Sale.— It is stated that an issue of
40, COO i% funding bonds was recently awarded to E. M. CampbeJl

& Co.

of Indianapolis for $40,850.

Larned (Kan.) School District.— Bond Election.— TMb
trict, it is stated,

will vote on

tlie

dis-

question of issuing |30,000

school-building bonds.

C—

Bonds Voted.—
Lexington Twp., Davidson Coanty, N.
This township on May 9 authorized the issuance of $126,000
bonds as a eubscription to the capital stock of the South
bound Railway.
Lincoln, Mass.— Temporary Loan.— The Town Treasurer
has borrowed $10,000 from Loring, Tolman & Tapper of
Boston.
Sell. District No 84.— Bowd Sale.—
10 the $5,000 gold coupon bonds described in V.
80, p. 2858, were awarded to the State of Washington at par
for 4J^ per cents. Following are the bids
state of Washington (for4«8)|5,000 00 Wm.D. Perking &Co.(for5«8)$5,000 00

Lincoln Co. (Wash.)

On Juce

Mortis Bros.
(forSHs)

&

Christensen

C.

H.

Coffin,

Chicago (for

es).. 6,C61 00

5.017 50

Lisbon, Ohio.— Bond

Ojfertnflr.— Proposals will

be received

until 12 M., June 19, by Lodge Riddle, Village Clerk, for
|7,000 5% coupon refunding bonds. Ddnomination, $500. Interest annually at the office of Village Treasurer. Maturity
as follows
$1,5^0 dated May 10, 1915. and maturintr In 1917, 1918 and 1919.
1,000 dated May 29, 1906, and maturing in 1920 and 1921.
2,600 dated July 1, 1905, and maturing In 1922, 1923, 1924, 1925 and 1926.
5(0 dated July 30, 19C5, and maturing in 1927.
1,000 dated Aug. 16, 19u5, and maturing In l!i28 and 1929.
500 dated Aug. 1, 1905, and maturing in 1930.
Certified check for lOiJ of the par value of the bonds bid
Accrued interfor, payable to the Village Clerk, required.
est to be paid by purchaser.
Live Oak, FJ a.— Bonds Not Sold.— The $36,000 i% waterworks bonds offered on May 30 were not awarded. See V.
80, p. 1496.

LlTonia, Minn.— Bond 0#er ingr,— Proposals will be received until 10 a. m., June 24, by M. K. Iliff, Town Clerk,
for $1,000 fl-10-year (serial) road bonds at not esceeding Q%
Denominainterest. Authority, election held May 20, 1905.
tion, $200.

[VCL. LXXX.

Merna, Neb.— Bonds Voted.— At a special election held
15 a proposition to issue $7,000 water-works bonds carried by a vote of 56 to 6,
Middletown (0.), Sch. District.- Boj?ds Awarded in Part,

May

—We are advised that of the §20,000 4 percent school-bnildlng-

improveraent bonds, bids for which were opsned on June 5,
only $5,000 were awarded to the highest bidders— Seasongood
& Mayer of Cincinnati. The reason for reducing the amount
was that the board had rejected the larger portion of the
bids for the work of the proposed improvements on the
South School Building, determining only to carry out the
plumbing this season. A full list of the bids received for the
bonds was given on page 2417 of last week's Chronicle,
Midway Township, Davidson County, N.
Bonds Defeated.— This township on May 9 defeated a proposition to
issue $5, COO bonds as a subscription to the capital stock of the
Southbound Railway.
Milford, Conn —Bond Offering.— Q&nfoid Hawkins, Town

C—

Treasurer, is offering for sale $18,000 Z}^i bonds.

Interest,

semi-annual.
Jlie offlxiial notice

of this bond offering willbe

foundamong

Department.
Miuooka (111.) School District.- Bonds Voted.— This district on May 19, by a vote of 72 to 2, authorized the issuance
of bonds for the construction of water- works. Ddtails of
Issue have not as yet been definitely settled.
Mission Towushfp, Shawuee Coanty, Kan.— Bonds Dethe advertisements elsewhere in this

—

m

the defeat of the
The election May 20 resulted
proposition to Issue $13,000 bonds in aid of the Topeka Eskridge
Council Grove Interurban RR. The vote was 68
for and 107 against the question.
Bond OJferi72gf.— Proposals will be received
Monroe, N.
until 12 M,, July 3, by B. C. Ashcroft, City Clerk and Treasurer, for $20,000 5^ coupon funding bonds. Danomination,
Date, July 1, 1905. Interest, annual. Maturity, 35
$100.
years, subject to call one-twenty fifth yearly at option of
city.
Total debt, including this issue, $65,000.
Assessed
valuation 1801, $1,030,000; estimated valuation for 1905,
feated.

&

C—

$1,250,000.

Montgomery County (P. 0. Dajton), 0.— Bids.—The following bids were received on June 8 for the $51,000 4% bridge
bonds awarded, as stated last week, to the Third National

London, Ohio. Bond O^crinfir.— Proposals will be received
by John W. Byers, Clerk, for $56,000 sewer bonds. DenomiDate, June 23, 1905.
Maturity, $11,200 Bank of Dayton at 100-441
nation, $1,600.
March
March
Third Nat. Bank, Dayton .. $31,625 OS W.R.Todd 4Co.,Clnfinnatl,$51,033 00
yearly from
1, 1906, to
1, 1910, inclusive.
Long Branch, N. J.— Bond Sale.—Oa June 10 the $150,000 Dayton Sav.& Tr.Co, Dayton. 51,20u CO
i% 30-year gold coupon beach and park bonds described in
Monticello, Ga.— Bonds Voted. At an election held May
V. 80, p. 2359, were awarded to W. E, Jackson & Co. at 30 the issuance of $30,000 electric- light, water and sewer
101 '062 and accrued interest. Following are the bids
bonds was authorized by a vote of 88 to 21.
101-062 Mrs. Nate Balsbury (for 120,000)
W. E. Jackson & Co
Par
Mooaomin, Assa. East.— Bond Sale.—Oa June 10 the $38,-.,
R. M. Grant & Co. (for $50,000). 100-67
500 5* bonds described in V. 80, p. 2359, were awarded to the
Lorain, Ohio,— Bonds Authorized.— The City Council on Canadian Bank of Commerce at 101*039 and accrued interest.
May 15 authorized the issuance of $8, COO sewer -repair bonds Following are the bids
_..,__
Ludlow, Ky.— Bonds Proposed.— The if suance of $40,000 Canadian Bank of Commerce.. .$38,900 National Trust Co
$38,5C0
4% 20-year school bonds is being considered by the City Wood.Gundy 4 Co., Toronto... 38,900 ^melius Jarvis&Co
88,600
:

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Ontario Securities Co

Council.

MoHenry County

(P. 0. Towner), N. Dak.— Bonds De
feated. The proposition to issue $30,000.4i^« 20 year courthouse bonds failed to carry at the election held May 23.
McKeesport, Pa.— Bonds Propoaid.—The issuance of $310,000 bonds tor various improvements is being considered,
McLennan Uoanty, Ten..— Bond Election.— An election
will be held July 18 to vote on the question of issuing $400,000 4% highway-improvement bonds, to mature in 40 years,
subject to call $50,000 after five years and $350,000 after ten

—

years.

Maeon, Qa,— Bonds Proposed.— The issuance of $75,000
street-paving bonds is being talked of in this city.
are
advised, however, that it will probably be a year before these
bonds will be authorized.
Macon, Miss.— Bonds Fofed. —This city on June 6 voted to
issue $15,000 additional bonds for electric-light and waterplant bonds.

We

Magee, Miss.- Bonds Authorized.— The Mayor and Board
of Aldermen have decided to issue $1,500 school bonds.
The
proceeds of the sale of these bonds, together with insurance
on the old building recently destroyed by fire, will be used

88,511

Bonds Fofed.— It

Morgantown, N. C.
city has voted to Issue $12,000

is

stated that thia

sewer bonds.
Moaltrie, Gla. Bonds Proposed.— It is reported that this
city is considering the issuance of $25,000 sewer bonds.
Mnnising (Mich„) School District.— Bonds Defeated.—
This district on May 15, by a vote of 33 to 111, defeated a
proposition to issue $25,000 school building bonds.
Newark, N. J,— Bond Sale.-The Sinking Fund Commissioners have purchased $70,000 3}4i school bonds at 103 088.
Newburg Heights, Ohio.— Bonds Voted.— This village recently voted to issua $4,000 bridge bonds
Bonds Foied.— Semi-official
New Hanover Coanty, N.
returns of the election he!d Jane 7 indicate that tiae proposition to issue $50,000 road beads carried.
New Rochelle, N. Y.— Loan Authorized.— Authority is
granted by Chapter 471, Laws of 1905, to borrow money for

C—

street

improvements.

Newton, Mass.— Teniporar J/ Loan.— This city has borrowed
$250,0]0 from the Boston Sale Deposit & Trust Co. Loan is
In anticipation of the collection of taxes.

New Dim, Minn. Bond Election.— An election will be
new building for school purposes.
held June 27 to vote on the qaestlon of isauing $30,000 sewer
Mahanoy City (Pa.) School District.— Bonds Proposed.- bouds at not exceeding 4% interest. Denominations nbt less

to erect a

The ieenance of school bonds is being considered by the
School Bard.
Manchester, N. E.— Temporary Loan.— A. loan of $100,000
has been negotiated with P. E. j'ennieon of New York City
at dl4i discount. Loan la dated Jane 19 and will mature
Dee. 5, 1905.
Manlstiqae, Mich.— Bond Sale.- On June 13 the $125,000
5i water- works atd sewer bends described in V. 80, p., 2234,
were awarded to Rudolph Kleybolte & Co., Cincinnati, for
$128,512,
Maturity, S5,0'j0 yearly on March 1 from 1908 to
1983, inclusive.

Marietta, Ind. Ter.- Bonds Proposed.— The iesnance of
is being considered.
Marlborough, MasH.-Bond Sale.—Oa June 13 the $50,000
4;? coupon city-ball notes described in V. 80, p.
2417, were
awarded to Adams & Co., Boston, at 104'411— a basis of
about 3'51;r. Following are the bids :
Adams* Co., Boston
104-4111 Estabrook 4 Co., Boston
104-I5fl
Jackson & Curtis, Boston
101-410 Merrill, Oldham &Co., Boston. lOl'lSB
BlodKet,Merrltt ACo., IJoston.lOf274 U. L. Day & Co., Boston
10:V789
K. II. Ko
$15,000 echool bonds

|

I

...is&Sons, Bo»ton...lOt 167

Majfleld,
$100, LOO

I

Blake Bros.

& Co.,

Ky.— Bonds Proposed.— There

is

103'64
Boston
talk of issuing

bonds for street and sewer improvements.

than $1,0.0 and maturity not later than July 1. 1925,
North Hempstead (Town). Nassau Coanty, N. Y.— Bond
Saie,— On June 12 the $20,000 4^ g.ld town-meetiog-houae
bonds described In V. 80, p. 2418, were awarded to Gtio. M.
Hahn, New York, at 102 '63— a basis of about 3'76|.
North Lewiahurg (Pd.) School District.— Bonds De/'eafed.
—This district recently defeated a proposition to issue $7,000
school bonds.

—

North Wales, V&.—Bond Offerinq. Proposals will be received until June 19 by Irwin Q, Lukens, Clerk of CounoIJ,
for $12,000 %%t coupon street-improvement jjind refunding
bonds, Dinominatlon, $100. Date, June 1, 1905. Interest
semi annually at the Norrh Wales National Bank. Maturity,
June 1, 1935, subject to call after six years. Securities are
exempt from all taxation.
Norwood, Ohio.— Bonds Authorize i.— The City Council
has authorized the issuance of $3,100 McNeill Avenue sewer
bonds.
Ocean City, N. i.—B<md Sale.—Oa June 5 the $38,000 4i^
per cent 15-year school bonds and the $9,000 5 per cent 3-11year (serial) improvement bonds, described in V. 80, p. 2360,
were awarded as follows The first issue to the Camden Fire
:

:

1

June

THE CHRONICLE.

17. 1905.

second to the First National Bank,
Date of bonds June 1 1905.
OberllD, Ohio.— Bonds Authorized.— Da May 24 the Village
Couccil authorized the issuance of |17,000 5% coupon debtDenominations sixteen for |J,000 each,
extension bonds.
one for $200 and eight for |100 each. Interest, semi-annually
at the State Savings Bank Co., OOerlin. Maturity, ten years
Oceaa Park, V&l.—Bond Sale. ~0a Jane 5 $10,000 6% sewer
bonds were awarded to H. C. Rogers, Pasadena, at 102 63
Maturity, 20
Dtncminatione, $500.
Date, May 1, 1905.

Ids, Assn. at 100 76 tbe
Ocean City, at lOO'OU.

,

years.

2179

Platte Center (Neb.) School District,— Sonds Voted,—
This district, it is stated, has voted to issue $12,000 schoolbuilding bonds,
Plattsburjr, N. Y.—Bondi Votcd-Bcnd Offering.— Thia
city on June 6, by a vote of 136 to 80, authorized the issuance of $50,000 dl4 per cent 20-year-re8ervoir bonds. Proposals will be received for these bonds uni^ii 3 p. si, June 26.
Polk Connty (P. 0. Des Moines), Iowa.— Bonds Authorized.— The Board of Supervisors has decided to issue $75,000
4^ bonds to pay overdrafts on various funds.
Pontiac Township School District, III.— Bonds Voted.—
This district, It is stated, has voted to issue bonds for school
"

Ogdensbar^, N. Y.— Bond O^enng.— Proposals will be re,
p. m. June 22 by R. J. Donahue, City Treas- purposes.
Authorityurer, for 120,000 d}4i coupon school bonds.
Portage La Prairie, Man.— Dtbinture Sole.— Oa June 7
Chapter 245, Laws of 1905. Denominations, |250. $5C0 and $10,000 5<S 40- year bonds were awarded to Wood, Gundy &
Date, May 1, 1905. Interest, semi-annually at the Co, of Toronto at 102 75 and accrued interest.
$) ,000.
Maturity, |2,000 yearly on May 1,
office of City Treaturer.
Port CliatOD, Ohio.— Bond 0^e/i«g.— Proposals will be
from 1906 to 1915, inclusive.
received until 12 M,, July 10, by W. H. Cleaver, Village
Onawa, loyr&.— Honda Voted.— The election May 15 re- Clerk, for $3,400 5 per cent street-improvement bonds. Ausulted in a vote of 161 to 77 in favor of the proposition to thority, Section 1536 381, Revised Statutes, and Section io of
Issue $10,000 water-works bonds.
Municipal Code. Dencmination, $1,000, except one bond for
Ocmoad (Neb.) School District.— Boncfs Voted.— It i« re- $400. Date, Jane 1, 1905. Interest, annually. Maturity,
ported that this district has voted to iesue bonds to bai!d an one bond yearly on June 1 from 1907 to 1915, Inclusive. All
addition to the school home,
Accrued Interest to be paid by
bids to be unconditional.
Certified check on some bank in Port Clinton
Osnahnrf?, Ohio.— Bond* Defeated.— The proposition to purchaser.
issue $2,500 6^ village- hall bonds failed to carry at the elec- (or else cash) for $500, payable to the Village Treasurer,
tion held in this village on Mfty 3.
required.
Ofcwegr, N. Y.- Bond Offering.— Propoe&ls will be received
Kapld City, S. Dak.— Bo?idj A'bJ^'oZd.— No bids were reuntil 12 M,, June 28, by E, K. Doyle, City Chamberlain, for ceived June 5 for the $51,000 4% gold coupon refunding
$200,000 33^ per cent registered water bonds. Denomination, water bonds described in V. 80, p, 3235.
Date, April 1,19(5. Interest semi-annually at the
$1,000,
Eawson (Ohio) School District.— Bonds Foied,— This disUnited States Mortgage & Trust Co., N^^w York City. trict recently voted fo issue $15,000 school-house bonds.
Maturity, $10,000 yearly on O^t. 1 from 19(5 to 1924, incluKedding, Cal,—Bonds Voted,— This city on May 22 voted
sive.
Certified check for 2 per cent, pajable to the City to issue $60,000 sewer and .|70,000 street-improvement i%
Bonds will be certified to as to gold bonds.
Chamberlain, required.
genuineness by the United States Mortgage & Trust Co. and
Redlands, Cal.— Dafe of Bond Election.— It is stated that
the legality of the Issue approved by J. H. Caldwell of New the election to vote on the question of issuing $100,000 bonds
York City. These bonds were crigiEally offered for sale on will be held on June 20.
June 1.
Rice County (P, 0. Lyons), Kan,— Bond Sale.-Oa May 1
(jttawa, Oat.— Debeniurcs Vottd.— This city on May 18, by |85,CO0 5% refunding bonds were awarded to Kelly & Kelly,
a vote of 1,883 to 1,430, adopted a by-law to issue not exceed- Topeka, at par. Denomination, $1,000. Date, May 1, 1905.
ing $2(0,000 4^ debentures to acquire the plant of the Con- Interest, Jan. and July. Maturity, 10 years, subject to call
tumers' Electric Co. Securities are to be dated June 5, 1905, part yearly after Jan. 1, 1908.
and will mature June 5, 1935. Interest semi-annually at
St. Edward (Ntb.) School District.— Bondj DefeaUd
ceived until 8

—

the ( ffice of the City Treasurer. The purchase price of the
plant has not yet been settled, and it is therefore impcsaible
at this time to say just what oblfgations of the company the
city may aesume in connection with the purchase.
PainefcTllle, Ohio.— Bond Ojferir.g.— Proposals will be received until 13 M., July 3, by E. J. Lynch, City Auditor, for
$11,500 5^ street-improvement bonde. Denomination, $500.
Interest semi-ani-ually at the PainesDtite, April 1, 1905.
Maturity, $2,500 April 1, 1906; $1,000
viile National Bank.
Oct, 1, 1£08; $2,000 April 1, ]907; $5t0 O^t, 1, 1907; $2,000
April 1, 1908; $500 Oct, 1, lt08; $1,010 Aoril 1, 1909; $500
Oct. 1, 1909; $1,000 April 1, 1910, and $500 Oct. 1, 1910. Parchaser to pay accrued Interest. Certified check for 5% of the
amount of bonds bid for, payable to the Treasurer of the
city of Painesville, required. Bids to be made on blanks
prepared by the City Auditor.
Paris Schot 1 Disiriot, 111.— Bon^is Eefeatid.—Thla district has voted against a proposition to issue $30,CO0 hlghechool-building bends.
Park (TtXHS) Independent School District.— Bonds Registered.— On June 1 the State Comptroller registered $3,5u0
5% 15-LO-year (optional) school-house bonds dated Jan, 1, 1905,
Pasadena, i^al.—l ids.- Oa May 18 the following bids
were received for the 1i 1-40-year (seria') water bonds, series
$627,500; Series "B," $80,000; Series "C," $25,000, and
Series "D," $lfc8,750.
$81,228
J. W. Pbelps (Series B)
Saa Gabriel Valley Bank (*27,.
Adams-Pblliips Co., Los AngePar
530, Series A)
80.005
les (Series U)
..
First National Banfe, Pusadeua
Pasadena Sav.4Tr.Co.(3erle3 C) 26.000
Par
(tlOO.OOO, Series A.)'

"A,"

Wm.

R. Staats Co.
Series A)
*

«$10O,00O,

Pbelps (Series C)
26,3S6
Percy A. Lane Co. (Series B, C
J. \V.

'Par

and D)

805,073

Last 100 maturing.

As Stated in the Chronicle June 3, the bid of J. W,
Phelps of 101*544 for Series "U" was acoepte(J, all other bids
being rejected.
Panlsbore, N. i,—No Action Taken.— We are advised that
no action has yet been taken looking towards the issuance of
tbe $78,000 improvement boi-ds mentioned in V, 80, p. 237.
Peekskiil, N. Y.— Bond Sale.- On June 15 $20,000 H-%5% 30year water-main bonds v ere awarded to N. W. Halsey &
Cc, New Yoik, for |20,043. Denomination, $1,000. Date,
July 1, 1905, In^^prest, semi annual,
Peurjn Sch. District, Placer to., Cal.— Bo d (ffeiing,—
Proposals will be receivtd until 2 P. M,, July 1, by H. F.
Al bee, Co, Treasurer, for $6,(00 ^% 1-12-year (serial) bonds,
Dduomination, |500. Date, July 1, 1905. Interest annually
at office of County Treasurer, Certified check for lOi of the
amount of bid, payable to the Treasurer of Placer County,
required,

Bnd

O^enng.— Proposals will be received
Plqaa, Ohio.—
until 12 M , July 7, by Bert A. Reed, City Auditor, for $>65,0'
i% coupon refunding water bonds. Denomination, $1,000.
Date, Jnly 1, 1905. Interest setnl-arnually at the ImportTraders' National Bank, New York City. Maturity,
ers'
July 1,] 925. Certified check on a national bank for 55< of
amount of bonds bid for, payable to the Treasurer of he city
of Piqua, required. Bond<-d debt, including this Issue, $535,725. Asseeted valuation, $5,237,572.

&

t

This district recently defeated a proposition to issue $10,(i00
school bouse bonds.
St. Johns, Ore.— Bonds Foied,— This city on May 22, by a
vote of 213 to 39, authorized tbe issuance of $10,000 bonds for,
the following purposes
f 7,272
],700

bonds for
bonds for

Interest, 6^,

city hall
lire

and

site,

apparatus.

I

I

$6r0 bonds for public dock.
428 bonds to pay temporary debt,

Maturity, ten vears.

Johns (Ore,) School District No. 2 .- Bond Election.—
An election will be held June 19 to vote on the question of
St.

Issuing $10,000 school- building bonds.

Saa Aagnstine Independent School District, Tex.— Bonds
Registered,— Oa Sune ^ and 10 the State Comptroller registered the following securities:
$2,000 b% 5-20year (optional) Kchool-bnilding bonds. Date. May 1, 1905.
Date, May 1, lt05.
»13,000 i% 15-10-year (optional) school-building .bonds
.

San Juan Co. Sch. District No, 7. Wath.— i ids Rtjeeied,—
All bids received on June 3 for the $600 eohocl-district bonds
were rejected.
San Jnau County School District No. 16, Wash.— £ ids
Bf/ccfed.- All bids received for

the $1,5(0 schcol-district

bonds offered on June 3 were reje^'.^ed.
Siu Lais Obispo High School Dii^trict, San Luis Obispo

Cal.— Bond Sale.-On. June 6 $30,000 5^ ll-2C-year
coupon bonds were awarded to the Sen Lu!s Savings Bat k, San Luis Obispo, for $32,562 50. Denomination,
$5t 0. Interest annually at the office of the Connty Treasurer.
Sau Marcos, Texa?,— Bond Election.~The City Council
has ordered an election to vote on ihe question of IstulDg
$5,000 school-improvemeLt and $3,000 atreet-improvement
Co.,

(serial)

bondp,

Santa Monicp, Cal.— Bond Miction P»q/;ofl(d,— Petitions
are being circulated asking that an election be held to vote
on the queatioQ of issuing bonde frr eewer purposes.
Sauta Monica (Cal,) Sehool Dittrict.- Bond Ekction,—lt
Is stated that an election will be held In this district to vote
on the question of iseuing $80,000 school bonds,
Santa Rosa (('ai.) SchO(>l District —Bond ^a/e. — It is
sta'ed that on Jnne 6 an issue of $35,000 sahool bonds was
awarded »o the Union Trust & Savings Bank of Santa Rosa
for $36,785
Sajre, Pa —Bond Election Pro^oi.d.— This borough, it is
stated, will probably bold an eleccloa lathe fall on the question of issuing bonds for sewer purpose?.
Seymour, ind. -Bond .S'j/e.-Oa June 12. $15,000 4« city
building bonds were awarded to Rudolph Ki«vbolte & Co.,
CinclnriaM, at 105-90, Ddnomlnatlon, $300. Date, May 27,
Interest, seml-anriially.
1905,
Miturity, Nov, 30, 1921,
Shelby Co., Tenn, — Bui*.— Following are the bids received
June 5 for the $1,000,000 i.% 50-year coupon court-house bonds
awarded, as stated last week, to the Memphis Trust Co.:
Memphis Trust Co

101*03
If 1-00
Tenn. Tr. Co. (for «20<',000)
100-60
Memphis. ..lOlOJ Union Tr. Co. (for »10i.00(.)
1(m-25
W. Harris* Co.. Chic
Jno. Gaston (for »10,000)
IWOO
Manhattan Tr.Co. (for fJ00,0O0)102'L0
^htralall, Texas— Bonds Voted— Bond Offerir,g.—Th\a city
on May ]0, by a vote of 81 to 28, authorized the issuance of
12,000 5% waterworks bonds. Proposals for these bonds

Merchants' Trust.
N.

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THE CHRONICLE.

2480

will be received until 8 p. M., Jaly 3, by R. R. Dulin, Chairman of Finance Committee. Danomination, $500. MatnrIty, $500 yearly on July 1 from 1906 to 1929, inclasive.

SilTer Creek, Chautanqaa Conaty, N. 1.— Bonds Authov
ized.—TbiB place la authorized by Chapter 197, Laws of 19D7,
to Issue $20,000 bonds to enlarge its water-works system.
Spokane, Wa^h.— Bond O^ertnflf.— Proposals will be received until 12 M., Aug. 15, by the Sinking Fond Commission at the oflSce of the City Comptroller, for $450,000 4 per
cent gold -coupon water-works-extension bonds. DenominaInterest, semi-annually at
Date, July 1, 19D5.
tion, |1,0C0,
the fiscal agency of the State o? Washington in New York
City. Maturity July 1, 1925. Certified check for 2 per cent
of the amount of the bid required. No offer accepted for
Robert Fairley is City
less than f 50,000 or multiple thereof.
Comptroller and Secretary of the Sinking Fand Commission.
SpriDgdale School District, Orange County, Cal.— Bond
Sale.— On June 7 an issue of $3,000 6% 1 10-year (serial)
school bonds was awarded to the Adams-Phillips Co., Los
Angeles, for $3,037.
M.asB.— Temporary Loan.— This city has
Springfield,
awarded a temporary loan of $250,000 to Jackson & Curtis
of Boston at 3-187 discount. Loan is dated June 8 and will

mature Nov.

8, 1906.

Springfield, Ohio.— Bond I^sue,—The Sinking Fand Commissioners on June 5 decided to accept an issue of $9,000
bridge bonds recently authorized by the City Council.
Stephen Indepen<)ent School District No. 1, Marshall
County, MJnu.— iiond tiale.—Oa June 8 the $20,000 registered school-building bonds described in V. 80, p. 2236, were
awarded to U. M. Stoddard & Co., Minneapolis, at 100*50 and
interest for 4J^ per cents. Following are the bids :
+20,000 00
tJ.M.8tod<Jard &Co..Min'll8.+ 120,100 CO Kane & Co.. Minneapolis
W. J. Hayes & Bens, Cleve...*2O.C00 00
I

I

+

For 4>^percentB.

For

*

5 per cents.

Stratfura UowaJ, School District.— Bonds Voted.— By a

vote of 131 to 42. this district on May 22 authorized the
issuance of bonds for a new school house.
Sumter, S. C.—Bond O^ertng.— Proposals will be received
until July 5, by C. M. Hurst, Secretary Board of Commissioners of Water Works, for $116 000 A}4 per cent 20-40 year (opDenomination, $1,000. Interest, semitional) water bonds.
annual.

NEW

NEW

LOANS.

[Vol. lxX!L

Tampa, Fla.— Bond Sah.—Oa June

that this district has voted to issue $6,000 school bonds.
Trimble, Tenn. Bonds Voted.—
special election was
held in this town on May 23, at which the issuance of $7,000
school bonds was authorized.
Tascaloosa County (F, 0. Tasealoosa), Ala.— Bonds Proposed.— A a recent meeting of the Qranl Jury, the building
of a new court house was strongly recommended.

A

Two
May 8

Birers (Wash.) School Distrfct.- Bond Sale.— On

the $8,000 Q% 5-10 year (optional) school-building
bonds, described in V. 50, p. 1758, were awarded to H. C.
Barroll
Co., Chicago, for $8,055. Dite of bonde, June 1,

&

1905.

C—

Yance County (P. 0. Henderson) N.
Bonds Voted,—
This county, according to reports, has voted to issue $20,000
road bonds.
Tandalia School District No. 10, Audrain County, Mo.—
Bond Oj^eriKgr.— Proposals will be received until 12 m.,
June 28, by A. L. Branstetter, Secretary, for $20,000 if 5-20year (optional) bonds. Denomination, ten bonds for $1,000
each and twenty of |500 each. Date, July 1, 1935
Ward County (P. 0. Mlnot), N. Dak.— Bond Offiring.—
Proposals will be received until 2 p, m., July 5, by tne Board
of County Commissioners, for $IE0 000 funding bonds. Bids
are to specify the lowest rate of interest at which the bonds
will be taken at par. Certified check for $9,000, payable to
J. W. Fabrick, County Auditor, required. These bonds take
the place of the $100,000 issue awarded several months ago
to the Northern Trust Co. of Fargo and which were subsequently refused by that institution.
Warrenton, Ga, Eondt to be Issued— Th\B town, it is
stated, will Issue in the near future $15,COO school- building
bonds.

—

NEW

LOANS.

and

City of Mt. Vernon, N. Y.,

$60,000 PavlDg Bonds

REFUNDING BONDS.
J.

The City of Atlantic Cltywlll receive sealed proposals for

$90,000 Gold Coupon School Bonds
denominations of f l.OOO each, dated July 1, 1B05,
payable $15,000 on July 1, 1923, and 8i6,00Jon each
Bubieqnent July 1, until July 1, 1980. Said bonds
are wliliont option, with interest at 4 oer cent per
annnm, payable semi-annually at the HANOVJKR

In

CITY.

Also

$60,000 Gold Coupon Paving Bonds
In denominations of $1,000, dated Junel, 190P, matnrinK on June 1, 1926, without option, with Interest
at 4 per cent, payable semUannnally atihe

VER NATIONAL BANK. NEW yOKK

HANO-

CITY.

The

City Comptroller wi'l receive bids for these
bonds until twelve o'clock noon of

MONDAY, JUNE

26, 1905,
any or

Te«erving, however, the right to reject

all

bids.

The

leRallty of these

bonds has been apprnved by

Dillon & Hubbard, of New York, whose certificate
as to legality will accompany the bonds when delivered. The bonds will be engraved under the super
vision of and certified as to their genuineness by
the United States MortKage & Trust Co., of New

York.
Delivery of bonds

be made on or about July

will

5,

1905.

Blank forms of proposal, eivinK full particulars,
win be furnished on application to
A. M. HESTON,
Comptroller.

^so,ooo
Smyth County,

Virginia,

Court UouBe Bonds.
Sealed bids will be received by the undersifrned up

to

o'clock.

JUNK

26TU,

Court
Bouse bonds to be Issued by >myth County. Va.,
under the Keneral law. Ilonds to bear V/i% interest,
payable Benil-nnrniHlly and to be dated July 1, 1905,
and payable as foliowg: tI2,500 at five years; |l2,5t0
•I ten years; tia..'JO(i at fifteen years; and $12,500 at
twenty years, with prlvllcKo to pay all at end of
fifteen years. Bonds to be in denominations of 1600.
Each lild must be accnnipunled by a certlfled check
for lil.iioo, payable to Ciialrmnn Board Hopervlsors,
Smyth County. Checks of iinsncceisful bidders to
be returned and that of successful bidd«'r to be held
to secure payment of tionds. Sinking fund provided
to pay bonds St matarity. Hliiht reserved to reject
any and all bids. Addrexi* all commnnlcatious to
115

lfi05.

for

B.

y BUCHANAN,

O.

II

FDDUK,

|!50.(i(;0

CommliBlonere.
Marlon, Smyth Co., Va.

In

will, at the Lucas Bnllding,
the City of Mount Vernon, on tbe

DAY OF JUNK,

1905. at 8 P. M.. receive

sealed proposals for the purcbase of fifty nine (59)
Refunding Bonds of said City of Mount Vernon,
numberine consecutively as Issued from Two Hundred and Twenty seven to Two Hundred and Eichtyfive (227 to 285) both tnclu-ive, and the said Fiftynine (59) bonds will be sold to the htprhcsi bidder at
a public sale to be held at eaid time and place
These are a series of bonds which are authorized
to be issued under and pursuant to Chapter 114 of

the laws oi )6<i5.
Each bond will be for the principal sum of One
Thousand ($1,000) Dollars, and will bear interest a',
the rate of f jur per centum per annum, payable
semi-annnally at the office of the City Treasurer
of the City of Mount Vernon. They will be dated
June 1st, 1905. and payable as follows:
$10,C00 on the 1st day of June, 19lfl.
$!0.000ontae 1st day of June, 1917.
810,<K>0 on the Jst day of June. 1918.
»I0.0
on the Ist day of June, 1919.
$19,000 on the 1st day of June. 1920,
The b^nds will be delivered to the purchaser on or
before the 28th day of June, 19U5.
Each proposal must be iiccompanied by a certified
check for tl,< Oo, as securiiy for the performance of
such bid, and as liquldatea damaees in the evsnt ot
the failure of the successful Didder to accept and
pay for snid bonds.
The said Comnaon Council will at said time open
such proposals as may be received and will award
the bonds to the hinhest bidders, unless the said
Conioion Council shall deem it to be tor the Interest
of the City to reject such bid. In which event the
Common Council reserves the ri(rht to accept the
bid or bids which it deeraM to be to the best inrerest
of the City, or to reject all of said proposals.
Bonds will beeugrared under the supervision of
and verified as to their iieruineness by the United
States Mortgage & Trust Company, and their leKallty approv("d by J. H. Caldwell, Ksi)., ot New York
(>ity, whose opinioii as to legality will be lurnlsned
to tne purchaser.
By ^'tatute the bonds cannot be sold for less than
parsnd accrued lntert-.it.
Tbls notice is Dub'isbed pursuant to a resolution
of the Common Council of the City of Mount Vernon ordering the same, and bearing date the 6th
day of June. l»i)6.
Dated Mt. Vernon, N. Y., June 7th, 1905.

EDWARD
A.

F.

BRUSH,
Mayor.

W. REYNOLDS.

4%% TAX FREE BONDS.
Sealed proposals wil' be received by the undersigned until 7:30 P.M., MONDAV, JUNE 19TH,
1905, for the purchase ot $20,000 4'* per cent coupon,
tax-tree, bonds of theS'h 'Ol District of the Borough
of Glassp 'rt. In the County of Allegheny. Pennsylvania. Bonds will be dated July 1, 19"6, and mature
serially as follows: $l,OiO in the yea'-s 1908, 1910,
1912. 1914, 1016. 1918, 1919, 1921, IVZii. 1923, and $1,000
in the years '925 to 1934. both inclusive.
Bonds will b'* in the denomination of $1,000, with
semi-annual Interest coupons, and with privilege of
Botb principal and
registration as to principal.

Interest payaole at the office ot the United Stutes
Mortgage & Trust Company of 55 Cedar Street. New
York City, or at the Glassport National Bank, Glassport. Pa., at the option of the purchaser. Bonds will
be prepared by Archibald W. Powell, Esq.. Pitts-

burgh, Pa., will be engraved under tbe supervision
of and certified as to their genuineness by the
United States Mortgage & Trust Company, andlheir
legality approved by John G. Johnson, Esq., of
Philadelphia, wbose opinion, or duplicate thereof,
will be delivered to the purchaser. Kach bid must
be accompanied by a certified check on a Natiunat
Bank or Trust Company for»per cent of the amount
of the bonds bid for, payable to the School District
of the Borough of Glassport.
Bids will be opened at the office of the District
Treasurer, Bunk Building. Glassport. Pa. The right
is reserved to reject any or all bids. For furtder
particulars and lurm ot bid address A.W.Powell,
Esq.. >^ollcitor for the Board, 71 St. Nicholas Building, Pittsburgh, Pa.

Financial Statement,
Assessed Valuation
Bonded debt (Inclnding this issue)
Other debt
Total debt
Cash on hand,
Due f rom Port

$76,702S4

None

a'l

fund

Vue

Net debt
Value grounds and
Population In 1906

8.

$10,4'<9 64

Dlst

11,808 64

7<;O00

$64,492 70
buildings.. .$50,8';0 00
4,000

Rudolph Kleybolte&Co.
BAKKERS,

INVESTMENT BONDS.
LIST.

DENISON, PRIOR&CO.
CLEVELAND.

$2,480,860 00

|75,70J«4

City Clerk.

SEND FOR

of Glassport,

In the County of Allegheny, Pa,,

The Common Council
Depot Place,

20TH

SCHOOL DISTRICT OF THE

Borough

(Westchester County)
of the

NATIONAL BANK, NEW YORK

LOANS.

#^0,000

,000 School House Bonds

City of Atlantic City, N.

7 the $300,000 gold

and sewer-improvement and the $140,000 gold park 6%
20-50year (optional) bonds described in V. 80, p. 2236, were
awarded to Weil, Roth & Co., Cincinnati, at 103086.
Teton County, Mont. —Bonds Voted.— It is stated that this
county on May 27 voted to issue $40,000 court-house bonds.
ThomasTlIle, Gi.—Bond-i Defeattd.— The proposition to
incur an indebtedness of $35,000 for an electric light and
power plant failed to carry at the election held June 9.
Toloca, (Cal.) School D [strict.— Bonds Fofed.- Itis stated
street

BOSTON.

DIALERS IN

MUNICIPAL, RAILROAD and

STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
Int«r«tt Paid

YORK.

on Daily and Tim* Dapotitt

—
June

17. 1905.

THE CHRONTCLE.

|

Denominations, $1,000 and multiples thereof. D *te, April 1,
Interest, semi annual.
Xenia, Ohio.— Bond Sale.— On June 9 the $21,000 i^t coupon sewer bonds describsd in V. 80, p. 2238, were awarded to
Seasongood & Mayer, Cincinnati, at 102'034 and accrued InFollowing are the bids
terest.
»21.841 00
Reasoneood & Mayer, Clnoin.t21.4?7 25 Third Nat. Bank, Clncln
W. J. Hayes* Hens, Cleve... 21.417 00 noehler4Cummlng8,Toledo. 21,337 60
21.881 00 ProT. Say. B'k&Tr. Co.. Cln. 21.306 00
0n. 8a V. Bk. & Tr. Co., Gin.
21,262 60
21,870 00 K. Kleybnite & Co., Clncln
Well. Roth *Co., Clnom
Hayden, Miller & Co., Cleve. 21,346 £0 Dayton Sav &Tr.Co.,DaytOD. 21.100 00

Wusbington, N. C.—Bond Sale,— On Jane 8 this city
awarded to Danlson, Prior & Co., Cleveland, flS.OOO
electric-light and |7,O0O 5% Bchool bonds at 105 073 and

H

1905.

accrned interest.

Watertown, N. Y.— Bonds Authorized.—Thm city Is anthorized by Chapter 466, Laws of 1905, to borrow |37,300 for
various mnnicinal purposes.

:

—

Wantoma, Wis.— Bonds Voted. This place, it is stated,
has voted to issue $7,000 bonds for the erection of a gasoline

. .

. . .

lighting plant.

Bonds mature $1,000

Weebawfeen, N. J,— Pond 0^er^ngr.— Proposals will be recsived until 8 p. m, June 27, by the Township Committee,
for $70,000 i}i per cent coupon road-improvement bords.
Denomination,
Authority, Chapter 129, Laws of 1905.
July,
in
Weehawken.
MaturInterest, January and
?l,0CO.
ity, |3,C00 yearly on Jan. 1, from 1916 to 1925, inclusive, and
$4,000 yearly on Jan. 1, from 1926 to 1935, inclusive. Certified check or cash for $2,000 required with bids. Bonds will
be delivered on July 15, 1905, in Weehawken. Thomas J.
Carroll is Township Clerk.
The offlcial notice of this bond offering toill be found
among the advertisements elsewhere in this Department.

Windham, Cona.— Bond

Yakima County School
ing.

by the

Town

SH%
8k%

Maturity, April 1,
bonds
public building-department bonds at lui'27. Maturity, April

filter-plant

1915.
tO.OOO 3>i% street- pa vmsr

NEW

bonds at

Maturity, April

1.

btd8

District No. 77. Wash.- Bond
Offering —Proposals will be received until 10:30 A M., July 1,
bv Lee Tittle, County Treasurer, P. O Nortb Yakima, for
$700 coupon 5 10-year (optional) school- building bonds at not
exceerting fij{ interest. Present debt, $111, Assessed valuation, $23,145.
Actual valuation, $44,290.
Yonkers, N. Y. Eondt Authorized.— Th\B city \i authorized

bonds by Chapter

will be received until noon, SAT24, 1905, for three hundred and
fifty $1,000 thirty-year 4)^ per cent, semi-annual,

gold bonds of Chattanooga, Tenc. dated July i,
1905, principal and interest payable at National City
Bank. New York City. Two hundred aud seventy
five of said bonds will be denominated "School,
Park. Street and Sewer Bonds of the City of Chattanooga of l^-Ob," ana seventy five of said bonds will

ALEX W. CHAM BLISS,

Road Improvement Bonds under Chapter

$70,000

Laws of N. J., for 1905,
Sealed proposals will be received by the Township
Committeeof the Township of Weebawken, Hudson
Co., N. J on JUNE 27rH, 1905, at eight o'clock in
the evening, for the purchase of the following 4J^
per cent setui annual coupon bonds.

Amount:

bids.

right

reserved to reject any and

is

all

Members

(

New York

^

pijijadelpbia Stock Exchange,

BONDS FOR
43 Exchange Place,

New

& Co

Stock Exchange,

Perry, Coffin

POTTER,
onKinQ
o'JN*-'^•

ON APPIilCATION.

&

Burr,

Drexel Building,

60 State Street,

Philadelphia.

&

Co.,

BANKERS,
7

Wall Street,
New York.

Chicaqo.

ILLS.

& Company

H. C. Speer

Members

New York
RAILROAD AND

STREET

EatabllHhed 18S3.

21 7 La Salle Street,

Stock Exchanse.

ROND^
RAILWAY :=^^^=^^

First

CITY

Nat Bank

Baildin?, Chicago.

COUNTY

AND TOWNSHIP

Trowbridge&Niver Co.
MUNICIPAL AND PUBLIC SERVICE

CHICAGO,
Ut Nat. Bank Bldg.

BONDS.

BONDS
sfSSic CERTIFICATES
Handsomely engraved
;

steel-plate effect.

Alio,

the cheaper kind, partly lltboKraphed and partly

BONDS.

172 Washington Street,
I.18T

BONDS

INVESTMENT BONDS.

King, Hodenpyl

STATE. Clff & RAILROAD BONDS.

-

AND

PUBLIC SERVICE CORPORATION

INVESTMENT.

York.

,

Congress Street, Boston.
36 NASSAU STREET, NEW YORK.

CHICAGO,

MUNICIPAL

BOSTON.

16

CORPORATION

Philadelphia.

Treasurer.

BANKERS,

and

Land-Title Bldq,,

Detroit.

BANKERS,

For further information apply to

MUNICIPAL

Penobscot Bldq.,

bids.

For furtber details see aiivernsement in "Hoboken
Observer" pub tshed at Hoboken, N. J.
THOMAS J. CaKHOLL. Township Clerk.

offered.

B.

NOBLE & COMPANY,

W.

H.

Deliverable; July 15, 19<"5, at Weehawken.
Payable: principal and interest in Weebawken.
Deposit: a certltled check or cash for $i,0Ji» with

Town

T

City Secretary and Treas.

ERVIN & COMPANY,

of Milford, Conn., offers bonds for $18,000,
bearing Interest at 3)4. per cent, payable semlannnally.
For a safe investmett no better eecurlly was ever

City of Decatur, Tex.

R.L.THOMPSON,

Attest:

(

January ana July.
Denomination: $1,000.

Interest:

The

HAYTER,

Mayor

t70,t00.

„^

BONDS.

Blodget, Merritt

CALLS.

J. P.

Purpose: Imoiovement of Road.
$3,000 on January 1, In 19'6 to 1P25.
..
Maturity: j »4_„oo on January 1, In 1920 to 1935.

Mllford, Conn.,

SANFORD HAWKINS, Town

of 1905.

Call is hereby made for Bonds Nos. 3 to 16, inclusive,
of the City of Decatur Street Improvement Bonds
of Decattir, Texas, said bonds to be presented to the
Hanover National Bank of New York City for payment. Interest ceases on Angust 2d, 1005.

ot Chattanooga.

«is,ooo
3'/4%

Laws

Bonds Called for Redemption.

,

Improvement

of the City of Chattanooga of 1905," and bids
shall be made separately for the two issues, or for
either of said issues, bui may be enclosed within the
same civer. All proposHls must be accompanied
by a certified check, payable to the order ot "The
Mayor of Chattanooga." tor one per cent of the
amount of bonds bid for, the same to be forfeited If
the bidder fails to accept and pay for bonas awarded.
The successful bidder or bidders will be required to
settle for the bonds at or before 18 o'clock M.. Saturday, July 1. The right to reject any and all bids
Is reserved.
Address aU bids to

Co., N. J.,

129,

Bonds

Town of

Weehawken,

of

Road Improrement Bonds.

bUs

Mayor

487,

BOND

LOANS.

Hudson

URDAY. JUNK

Highland Park

Morris Bros. & Chrlstensen,
Portland
$l,525 00
W. D. Perkins & Co., Seattle.* 4,500 00

For 5H per cents. + For 4^^ per cents,

to issue bridge

Town

4^% GOLD BONOS.

"

|

City of Decatur, Texas.

City of Chattanooga, Tenn.,

be denominated

by L?9

:

#3^0,000
Sealed

1,

Yakima County School

1,

NEW

July

County Treasurer

state of Washington
H4,500 00
H. C. Barroll & Co., Chicago..* 4,635 50

1916.

LOANS.

Wagh— Bond Offer-

p. m.,

:

19'5.

101-27,

1

Takima County (Wash.) li^chool District No. 32.— Bond
Sale.— Oa June 3 the |4,000 10-year coupon bonds described
in V. 80, p 2238, were awarded to the State of Washington
at par for 43^ per cents. Following are the bids
+14.000 no Morris Bros. & Christen son,
state Of Washington
Portland
•$4,01800
H. C. BarroU & Co., Chicago..* 4.031 53
W. D. Perkins & Co., Seattle.* 4,O00 00
+ For i]4 per cents. • For 5M per cents.
Takima Connty (Wash.) School District No. M.—Bond
Sale,— Oa June 3 the $4,500 10 aOyear (optional) coupon
bonds described in V. 80, p. 2238, wereawaned to the State
of Washington at par for 43^ per cents.
Following are the

:

130,000
16,000

until

(P. O. North Yafeima), for $1,200
coupon 1-10- year (optional) school- building bonds, at not exceeding 6 p c. interest. Present debt, |872. Assessed valuation, $90,120. Actual valuation, $180,240.

H

at 102-88.

District No. 6,

— Proposals will be received

Tittle,

Oj/ferinflf.— Proposals

9am, June 25,

and $2,000 yearly from 1907 to

in 1936

1916, inclusive.

will be reTreasurer at the
school bonds.
office, WlUimantio, for $75,000
Dmomination, $1,0D0. Date, Jaly 1, 1905. Maturity, July 1,
Certified check for $500 required.
1930.
Windsor, Oat.— Bondi to Be O^end.— This city is makinsr
arrangements to Isene $140,()0u pavement debentures and
I20.500 debentures authorized by a by-law adopted May 12.
Winside, Neb.— Bonds Foffd— This place has voted to
issue $10,0l0 water-works bonds.
Worcester, Mjiss— Bond Sa/e.— Oa June 6 $85,000 SJ^^
bonds were awarded to the Sinking Fund Commissioners on
a basis of 335 per cent. Following ate the prices

ceived until
Selectmen's

2481

BOSTON,
60 State

Street.

100 Certificates, $3.00 to
printed from type.
tS&; the latter ecBraved, with steel-plate borders
eleeant. Seal Press, tl 50; better tlnisbed, $2.

—

iLLBEBT

B.

KINO &

Unkraven and

CO., 206 Broadway, N.Y.
Lithoifraphera.
(Telephone.)

,

THE CHRONICLE

2482

gimst ^ompKuUs.

I

[Vol. lxxx.

%xvisi dP^mp^awies.

$9,500,000

'"'iljl'^'LuT

Title guarantee
5ndtrust company

CAPITAL AND
SURPLUS,!!'

146 Broadway, New York.
175 Eemsen Street, Brooklyn.
M'frs Branch, 198 Montague St., Br'klyn.

$12,000,000 00.

TSiEgUlTABLE

Hxatnines & guarantees Heal Estate Titles.
Itoatis Motley on Hand and Mortgage,
Furnishes Mortgages to Investors.
Seceives Deposits subject to checle, allowing
Interest,

Does

all

Company

Trust

business.

TKUSTEES:
John Jacob Astor,

'

Julian T. Davies,
William J. Easton,
Charles B. ilenderson,
Benjamin D. Hicks,
John D. Hicks,
WiUiam M. Ingrraham,
AugTistns D. JuiUiard,

Charles Matlack,
WiUiam H. Nichols,

James H. OUphant,
Bobert Olyphant,
Alexander E. Orr,
Charles A. Peabody,

Frederick Potter,
Charles Kichardson,
ElUui Boot,
Martin Joost,
Sanford H. Steele,
John S. Kennedy,
Ellis D. Williams,
Woodbnry Langdon,
Louis WindmuUer.
James D. Lynch,
CLARENCE H. KELfSEY, President.
FRAJSK BAIIiEY, Vice-President.

Vice-Prcsidcut.
EDWARD Manager
O. STANLEY,
Banking Department.
*i«l

CLINTON
J.

D.

WKAY

The modem

Edsrar Ii.Marston,

WUliam J. Matheson,

Edward T. Bedford,
Charles S. Brown,

business.

trust

company embraces every function

of financial

It will accept your deposit account, subject to cheque,

allow you a fair rate of interest;

it

your securities

will safeguard

and
5

it

will collect bonds, rents, mortgages, interest, dividends,

coupons and

every class of income;

property and

it

will

pay taxes and insurance,

undertake the care and management of

estates.

It

is

sell

authorized by law

to act as executor, administrator, guardian, or trustee

appointment of court.

and

your death

at

BUKDICK, 3d Vice-Pres.
CLEVELAND, Secretary.

it

During your

will administer

lifetime

your

under will or

will act as

it

your agent,

estate.

13 Nassau Street, Equitable Building.

FRANK L. SNLFFEN, I»Igr. Mfgrs' Branch.
l^vu-UTj-uijxrLrjij-Lr-n-nj-Lr

i

rr nf'
i

i

~ ~'^"t~ ~~-~~
i

ii

----- --— i-

— — — — -- ------j-. --»»»»»*

R.FULTON & CO.,

F.

Municipal Bonds,

LA SALLE STREET,

171

CHICAGO.
&

MacDonald, McCoy
MUNICIPAL AND

Co

CORPORATION

BONDS.
171

La

Salle Street, Chicago.

MUNICIPAL AND
PUBLIC FRANCHISE COSPOBATION
BONDS
Bensbt and Sold.

W.

HAYES

J.

OLSVBLAND. OHIO.

SONS,

8b
BOSTON. MASS.

NO STOCKS
CORRESPONDENCE SOLICITED

Q ecurities

&

ATLANTIC MUTUAL INSURANCE COMPANY,
New York, January 20tli, 1905.
Tlu Trustees, in Conformity with the Charier of the Company, submit the following statement of
its affairs on the 3 1si of December, ic)04x
Premiums on Marine Risks from let January, 1904, to 31st December, 1904... $2,909,343 08
724,151 84
Premiums on PoUcies not marked off 1st January, 1904
Total Martae

Premiums

Premiums marked

from

$3,633,494 92

Interest received during the year
"
"
"
less Taxes
Rent

December, 1904
$275,926 58
107.14'^ 14
3!3<?3074 72

Losses paid during tlie year -whioli "were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904

$318,124 29
771,957 98

off

Corporation
Company
OF PITTSBURGH, PA.

$1,080,082 27

$142,418 20
84.094 99

Less Salvages
Re-insurances

863,569 08

Tlie Company has the following Assets, viz.:
United Btates and State of New York Stock; City, Bank and other Securities
$5,243,600 52
Special deposits In Banks and Trust Companies
1,417,543 97
Real Estate corner Wall and William Streets and Exchange Place... $4,289,000
Other Real Estate and Claims due the Company
75,000 4,364,000 00

Premium Notes and Ems Receivable
In the

1,020,087 28

hands of European Bankers to pay losses under

241,710 47
351,301 69
$12.638,243 93

A dividend of Six per cent interest on the outstanding certificates of profits wlU be paid
to the holders thereof, or their legal representatives, on and after Tuesday, the seveutli
of February next.
The outstanding certificates of the Issue of 1 899 will be redeemed and paid to the holders
thereof, or their leji;al representatives, on and after Tuesday, the seventh of February
next, from which date all interest thereon wUl cease. The certificates to be produced at
the time of payment, and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, certificates wiU be issued
By order of the Board,
on and after Tuesday^ the aecoud of may, next.
G.

STANTON FLOYD-JONES,

L. 0111003.

clement a. griscom,
anson w. uard,
Morris k. jesup.
thkodore p. jounson,

W. U. H. MOOltK,

RAVEN,

CORNEUUS
THKO.
for letter written with your

bond paperi, and for ledxer
on havlnx them made by the

klnda, for

PAPeri. Inalat

WHITINQ PAPER COMPANY,
HOJL.YOHB. MASH.

NtwYork.

Philadelphia.

Chlcaeo.

P.

President.

KLOElii,

JOHNSON,

Tiee-Pres'l.

3d Tice-

JAS. L. LIVINGJSrON,

For Bnalneas Correapondeneot
own hand, 01
Their qnalltj
la Miored and they have won blxhest honori at all
the rreat World'a Falra. For hl«h (trade wrltlnp

NICHOLAS F. PALMEK,
HKNRY PARISH.
FREDERIC A PARSONS,
DALLAS B. PRATT,
GEORGK VV. QUINTARD,
A. A. RAVEN,
JOHN L. RIKKR,
DOUGLAS ROBINSON,
GUSTAV U. SCHWAB.
WILLIAM C. STURGBS,

lewis cass lkovard,
FRANCIS H. LKtiOETT,
CHARLES J). LKVERICH,
LEANDER N. LOVELL,
GKORGK U. MACY.
CUARLES U. MAKSHALL.
A. A.

DNBQUALKD.

Secretary.

TRUSTEES.

UKKBKBT

all

payable in

Aggregating

OORNKLIUS KLDKRT,
KWALI) KLKITMANN.

••pen of

policies

Cash in Bank

QOSTAV AM8TNCK.
FUANCIS M. BACON,
JOHN N. BKACII.
WILLIAM B. BOULTON
VKHNON II. imOWN,
WALDRON H. BROWN,
JOSKPU II, ClIAl'-VlAN,
GKORGK C, CLARK,

Whether

226,513 19

BeturuB of Premiums and Expenses, $405,721 91

Paid up Capital $200,000.00

fcy:tUe typewriter, are

$3,016,978 35

Ist January, 1904, to 3l8t

foreign countries

INVESTMENT BONDS

Municipal

OFFICE OF the:

Cash

HIGH GRADE
,

"gixmutiViX.

j-d

''res't.

Vice-tres't.

Atlantic mutual Insurance Company 8crlp
ol All Vears Uouubt and bold.

MUNICIPAL AND RAILROAD

JOHN M. GILLESPIE,

LIST ON APPLICATION.

Room
49.61

No. 518 Atlantic Bnlldlmg:,

WaU

Street,

NEW lORK

BONDS.
SEASONGOOD & MATEE,
nercautlle Library BnildlnKi

CINCINNATI.