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9
.
finattrtai
rnntcb
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section (^aS ™ 08 )
State
(Monthly)
Railway and Industrial Section (Quarterly)
1
A
weekly newspaper entered at Post
VOL.
Office.
New
-
,
SATURDAY, JUNE
78.
C
,ipawy\ in the office of Librarian
Lihrnri.in of Congress,
OnnirrBSfl. Washington,
Washington. D. O,
B. Dana
Dai Company
York, as second-class matter— William B. Dana Company, Publishers, 76}4 Pine St., N. Y.
Entered according to Act of Congress, in the year 1904, by William
18,
NO. 2034
1904
Week ending June
%\tt (SAxxtmitlz.
Clearings
at—
1904.
1903.
11
Int. or
1902.
Dec
1901.
PUBLISHED WEEKLY.
Terms
ot Subscription
—Payable
Boston
Providence-
in Advance
For One Year
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
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Hartford
New HavenSpringfield
Worcester
Portland
Kail River
Lowell
New Bedford
Subscription includes following Sections—
State and City (semi-annually)
Bank and Quotation (monthly)
Bailway and Industrial (quarterly) Street Katlwa v (3 times yearly)
I
Holyoke
Total
New England.
110.865,718
6.071,600
2.637.437
8.148,542
1.489,193
1,274,171
1.815,138
049,436
493,223
448,939
514.195
140.129,641
0.645,100
2.972.300
1,988,019
1,668,274
1,641,024
1.400.03?
—209
997,668
459,003
544,190
468.03e
-34-9
+7-4
—17-6
128.407,592
168,813.298
167,996,393
25,001,600
12.120.680
9,498,889
7,574,669
6,759,231
4,260,800
8,037,988
2,194.143
1,953.743
1,774.101
1,217,250
776.200
823.844
497,511
812.732
020,897
619.837
467,706
462,932
354.838
348.091
329.323
217,626
221,556
194,250
122,289
+98
120,920.743
6.612.300
2,608.086
1.868.800
1.804.223
1,799,943
1,459,964
876.976
535,240
626.712
859.899
137.375,788
7,012,000
8.657 763
1,700.758
1.589,403
1.668.00S
1,242,828
845.780
671,491
613.328
372,378
—19-1
145.242.546
155,559,173
169 165,83'
24,122,650
16,971,626
—07
4,950,800
3.104.927
2,516,252
1.892,009
1,674.477
1.045,092
850.000
732,507
723.577
672,914
672,126
541,080
539,136
889,086
331.860
305.248
275.720
222,088
174,016
185.000
99.534
—139
147.51 1.558
21,921.050
14,570,305
11.872.523
6.252,117
4,099.801
3.140,250
2,310.733
2,869.693
1,841.898
1.130,003
+5-0
+22-9
153.508,907
21.573.100
15.645.333
9.827.253
6,936.901
5.532.008
4,177,350
2,697.211
2.001,363
1,578,393
1,530.196
882,367
768,000
688.436
608.471
508,774
521,460
420,979
454,447
425.528
273,489
283,699
196,377
211,135
180,890
180,000
95.244
249.260,664
256.642,897
—29
231.392.321
221.485,433
28,083.573
6.100.704
4,416.796
2.690,675
8,449.109
2,174,656
1,843.499
680.669
463,118
281,804
24.840.441
6.018,887
4.307.142
8,726,737
3.334,089
2,330.030
1.749,739
+131
648.510
830.510
-154
+223
25.192.190
5,225,034
3.867.248
2,363.528
2,792.012
1,631.328
1,360.000
430.589
506.788
265.724
22,766,323
8,315.463
2.800,091
4.141,365
2.100.000
1.100,000
1,161,046
709,705
845,191
811,360
50.190,603
46.520,672
+7*9
43.644.2S1
38,651,443
20.415,776
11.982,994
7,680,401
5,118,632
4,600,000
4,284.079
2.369.238
1,277.774
934,573
919,988
1,067.344
582,682
156,162
433.450
16.166,076
12.165.257
8.848.746
5.639,204
4.700.000
4,899,041
2.056.576
1,660 810
1.153.892
817,072
784,037
+263
—15
—138
16.811.210
12.600,554
6,914,789
6.534,748
4,695.773
6,948.339
2,097.151
1.647,480
1,151,468
984,057
471.449
600,000
180,995
17.211,137
10,745 967
6.577,857
4.880,165
5,287.694
4,499.836
1,614,614
1,427.447
890.163
747.948
460.530
889.622
118,762
Not Include d
61,334.637
69.530.077
+80
68,738,013
65,352.532
54,857.273
16.581.173
10,141,693
4.828,275
3,336.000
4,208,023
2,864,054
4,516.784
2.913,087
2,644.302
1.782,064
1,300,000
1.084.370
1,224,491
932,153
807,246
942,059
318,614
770,000
41.705,136
+315
48, 048,322
48,706,084
9.849.450
9.473.549
4.335.961
2,853.500
3,823,884
2,448,828
3.032.246
1,607.816
1,807.821
1,875.441
1,636.878
778,959
672,980
776.055
517.007
—72
—113
+8-0
—10
7
-22-4
+290
|
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CLEARING ROUSE RETURNS.
Ill
Youngstown
Kalamazoo
O
Bloomlngton
Oulncy
Decatur
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
United States for the week ending to-day, June 18, have Ann Arbor
Total Mid. Western
been $1,874,434,843, against $1,761,951,596 last week and
San Francisco
$2,104,809,349 the corresponding week last year.
Los Angeles....
Clearings— Returns by Telegraph.
Week Ending June
New
York.
Boston
St. Louis.....
Orleans
Seven cities. 6 days.
Other cities, 5 days
Total
all cities,
All cities, 1
Total
The
1903.
t883.016.e00
105.801.434
88.805.353
18,070,382
154.837.916
46,294,548
12,745,510
Philadelphia
Baltimore
Chicago
Nsw
1904.
18.
11.309.661,883
270,004,013
6 days.
$1,579,665,896
294,768,947
day
all cities
for week.
$1,874,434,843
P. Cent
$1,073,901,977
97,256,043
103,300,331
20,146,179
144,213,145
36,858.579
12.741.306
-17-8
+8-9
—14-0
—10-3
+7-4
+25-6
$1,488,417,560
284.296,419
-12-0
-5-0
$1,772,713,979
331,595,270
-10-9
$2,104,309,249
+003
—Ill
-109
Seattle
Salt Lake City..
Portland.
Spokane
Tacoma_
Helena
Fargo
Sioux Falls
Total Pacific.
Kansas City
Minneapolis
Omaha
St. PauL
St. Joseph..
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita
week covered by the above will be Colorado Springs
given next Saturday. We cannot furnish them to-day, clear- Fremont
Cedar Rapids
ings being made up by the clearing houses at noon on SaturTotal other West'rn
day, and hence in the above the last day of the week has to
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
full details for
the
We present below our usual detailed figures for the previous Louisville.
Houston
week, covering the returns for the period ending with Satur- Galveston
Richmond.
day noon, June 11, and the results for the corresponding Savannah
week in 1903, 1902 and 1901 are also given. Contrasted with Memphis
Atlanta
the week of 1903 the total for the whole country shows a loss Nashville
Norfolk
of 21-8 per cent. Outside of
is 6'8 per cent.
New York
the decrease from 1903
Worth
Birmingham
Fort
Knoxville
Augusta
Week ending June
Clearings
at—
1904.
Dec.
%
New York
Philadelphia..
Pittsburgh.....
Baltimore
Buffalo
Washington...
Albany
Rochester
Scran ton
Syracuse
Wilmington...
WilkesBarre..
Wheeling
Blngbamton
1903.
Inc. or
..
Gree»sburg....
Chester
Erie
Franklin, Pa..
Reading
Total Middle
—
Little Rock.
11.
1902.
Charleston
190L
979,612.029 1,412,702,128
SO'7 1.095.280.986 1.637.329.885
89,569,328
112,385,90? —20-3
131,213.053
101,848,898
39,290,791
50,749,281 -226
38,541,054
37.495,850
20,608,560
25,737,821 —199
28,368,415
23,263.211
6,632.429
6,300,882
6,367.638
5,759,067
+53
5,101,024
4,368.298 —16-8
2.729,138
3,776,999
4,487.245
8.703.287 +21-2
8.378.123
3,304.979
2,685,808
2.838.149
—54
2,569,475
2,648,717
1.598,531
+9-4
1,461,487
1.090,946
1,263.445
1,199,356
1.341,373 —10-6
1,103,980
1,227,482
977.975
1,224.928 —20-2
1,142,150
1,203,699
899.883
887,105
708,044
620,490
+14
640,790
848.890 —245
665,857
795,090
481.900
452,700
+6-4
354.000
866.500
438.700
464.000
-55
398,304
895.467
443,176
549,516 —193
270,830
828.394
493,626
+9-2
452,187
233,808
220,48?
+60
1,030,262 Not Include d In to tal.
1.155,394,959 1,626.688.486 —290 1,279,579.864 1,751,207,580
Macon
Chattanooga
Beaumont
5(10.000
Jacksonville
010,040
246.672
Columbus, Ga
Total Southern
Total
all
Outside
New
York.
+3*6
—84-1
—10-6
10,821,921
—2-0
7,776.703
7,125,817 —19-2
-2-2
—12-8
+3 2
+12-7
+16-5
-8-7
+124
—31-2
+20-8
-77
+144
—13-4
+190
+6-9
—4-4
+194
—20
+2T3
+1-4
+2-5
—1-3
+3-4
-6-7
+5-7
434.58? +56-6
—9-3
—2-1
—126
+ 15-2
—186
—190
+12-6
+361
+34
668 396
-6-5
160.970
15^35.923
10!bOS,385
6,919.798
2.825.000
4,384,5;
734.6U
672,400
492.060
436.113
383.878
444.740
877.738
888,201
294.520
227,577
228,033
70.000
187 863
200.000
65.577
In to tal.
+74
—44
-302
+181
-40
2,745.635
+43
3.704.818 +2T9
2,456.059 - -18-6
2,226,749 --14 8
1,539,735 --15-8
1,606,545 —189
—4-7
1,138.870
-5-0
1,288.868
697,030 +337
—9-1
887,779
1,065,80? -10-8
616.000 —18-3
924.973 —167
716.842 -303
868.161 4-147-2
Not Include d Into
103,848.895 + 130
637.632
10, 508.014
024.530
5,
8, 875,500
8, 640,283
2. 641.222
2, 851.357
8, 235.504
1, 767.870
1, 343.603
1, 351.969
906,836
746,980
633.600
818,275
10.
551.000
537.984
860.660
886,067
555,000
422.664
98.851.240
88,464,731
342,207
tal.
117,363.141
,761,951.596 2,252.044,355
-218
782,339,567
839,342,197
—68
701,066,685
773,451,018
23.168,899
18,519.302
5,697.791
1.855.361
2.296,750
1.852.667
1.607,446
1,308.064
1,052,009
910.660
1.009.718
29.951.684
18,486,556
4,903.589
1,919,323
2,838.738
1,822,836
1,240.331
1,153,319
1,028.608
853,815
683.17?
-22-6
+0-2
+16-2
17,727.536
11,828,793
2.003.729
1,758,728
+619
23.529,554
17.156,088
3,229,875
1,603.396
1,890.265
1.455.289
1,667.190
937.409
899,566
800,000
623.544
59,278,787
04.321,970
—7-8
63,731,676
88.960,914
1,847.947.671 2.310.780,897
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Quebec
Vancouver.
Hamilton
John
London
St.
Victoria
Total Canada
-33
—1-8
+296
+13-4
+2-3
+6-7
1,584,208
1,131.034
803.748
810,720
011.529
r
THE CHRONICLE.
2408
V
OL. LXXVIIL.
familiarized themselves with
who have
THE FINANCIAL SITUATION.
[
those facts,
the
same outcome
In a communication published on a subsequent kind now making and to be made. Of course prices
page from our valued Manchester correspondent will are not to remain at the high level which has prebe found a highly interesting account of the proceed- vailed the ourrent season; and hence the stimulant
ings and results of the International Cotton Congress of short crops and famine values Inducing new acreage
That such a convention elsewhere than ir America will sooner or later be abat Zurich the last of May.
haB met is of itself a fact of no little significance. sent. When that happens, it is claimed, we shall
Only a hard pressing contingency could have brought hear no more of these abnormal efforts to get cotton
together the delegates from so many different manu- out of places where trials hitherto have shown that
facturing centres. Nine countries, it seems, were neither soil nor climate is so suited to its growth as
represented by fifty-nine delegates. In ordinary times to enable them to compete with America's cost of pro"
no common basis for united action could have been duction.
Undoubtedly no one can speak of such a matter exfound for so many competitors in that department of
But, as our readers oathedra. At the same time it will be admitted
the world's consuming markets.
know, the last three jears cotton production has been that the world and its industries are changing
running short of consumption, and during the cur- from year to year, and of late in quite a lively way.
rent season, aided by a rampant speculation, prioes Note very briefly some of the more conspicuous differawaits all efforts of
believe that the
have ruled so high that the cotton-spinning industry
in Europe as well as in America has been almost paralyzed.
This situation made it easy to fix a limit to the dls
cussions of the convention by confining them, in the
preliminary arrangements, almost wholly to matters
relating to the supply of raw cotton, to its value and to
ways and means for extendingland increasing its production. AmoDg the results of the deliberations, the most
ences as affecting the surroundings as to cotton production and its increase to-day and at the period of
our Civil War. One who has not considered them in
connection
to find
how
this
question
material they are.
may be surprised
What a feature, for
the dividing up by the larger nations
themselves of the unsettled and undeveloped
Instance,
among
with
is
lands in all parts of the globe during late years
!
In
this way how much greater have the opportunities bepermanent
of
a
appointment
come for testing and directing all kinds of cropping
Important were (1) the
committee, which is to have its sittings at Manches- work in these new lands ? Older territorial possessions
ter, to meet periodically for the purpose of discussing also have extended the area under cultivation and
the affairs of the cotton industry from an inter- have consequently new lands open which may be found
Then,
national point of view, making known its sugges- of service in the matter of raising cotton.
represented,
tions throughout the constituencies
again, never was so great diligence displayed among
ConInternational
second
organize
a
to
and (2)
those owning these dependencies, new and old, in debe observed that these results veloping them and making of them prosperous colonies
will
It
gress.
give a sort of perpetuity to the work planned and bringing, by the construction of new railroads,
while making the purpose of the undertaking of de- etc., more of their land and its products within reach
cided ooncern to the producers of cotton in the of consuming markets.
United States. In other words/ it gives a continued
Note, too, how much more serious a cotton famine is
cotton consumption conlife to the organization and combines all the States to European nations to-day
represented in one body for the single object of tinuing to increase likewise day by day. Here is a brief
woiking to widen the production of the cotton staple. statement which represents the comparison between
Of course as individual States they have been seeking the season of 1866-67 and the last season 1902-03.
that end all along. From this time forth, however, These bales are all given in average bales of 500 lbs.
the endeavor mentioned takes the character of an in
We add a line also for the percentages of coneach.
ternational policy to be pursued by the cotton-spin- sumption by Great Britain and the Continent for the
ning kdustry in Europe a form which no doubt in- two periods.
creases the chances of success.
That is just about the
CONSUMPTION COTTON IN 1866-67 AND 1902-03.
Continent.
Total.
Qreat Britain.
position we feared would be developed by the in3,410,000
1866-67, 500-pound bales.. 2,048,000
1,362,000
temperate speculation whioh has had its head centre Percent
100
40
60
In the United States the last two years.
8,333,000
1902-03, 500-pound bales.. 3,185,000
5,148,000
100
61%
38^
Of course it is by no means certain that the new Percent
vigor which
First note the ohange in total quantity of cotton
will
animate this organization of
European spinners will be successful In its aim. The used by European spinners 3,410,000 bales in 1866majority of cotton growers in the United States think 67 and 8,333,000 bales in 1902-03. This shows an in.
the effort will be futile, founding their opinion in the crease in the annual consumption of 4,923,000 bales
main on the failure of a somewhat similar endeavor of 600 lbs. each In the period specified. Again, on
during our Civil War. Certainly that occasion fur- the older occasion it will be seen that Great Britnished a peculiarly forceful spur to the quest nearly ain was the chief consumer, taking 60 per cent
four years of almost absolute suspension of American of
aggregating
the whole and the
ContlLont
cotton supply for Europe. Under the kfluences of only 40 per cent.
That is an important fact
this dearth and under the high prices ruling, other beoause Great Britain at the time of the Civil
countries were induced to raise larger crops and War was the only nation substantially that took
furnish additional supplies of the raw material. part in striving to extend cotton production. At
But as soon as spinners were able to obtain the the present time Great Britain consumes only 38£
American staple at all freely, the United States product per cent while the Continent consumes 61f per cent of
was still found to be king, the supply from other the whole. Through this new combination formed at
sources dwindling while America's increased.
Our Zurich the work of finding new sources of supplies of
cotton growers in general, and a good many others cotton will not be carried forward by Great Britain
(
—
—
—
—
June
THE CHRONICLE.
18, 1904.1
2409
was to interpret the action as
In the same work, which again shows that the search unfavorable to the prospects of the common stock and
the market price of the latter therefore declined.
will be pnrsued with added force and energy.
Very likely we may return to this subject agairj. After opportunity for reflection and consideration,
It is interesting because it helps to bring before the however, views have become modified, and now the
reader the danger we are running, according to our general opinion is that the plan is well adapted for
We may meeting the special exigencies of the situation as they
view, through rash speculations in cotton.
make money by means of them to-day, but it is pos- exist in the case of a property like the Southern
sible that they may be, years hence, the means of Pacific, which has not yet been placed on a dividendrobbing us of our supremacy in cotton production. paying basis.
Carried to such an extreme as they have been for a
Two dividend changes also form part of the
The Lake Erie & Westyear or more, they are evidently exerting a very happenings of the week.
nations
to employ ern Railroad makes the semi-annual payment on
strong stimulus upon European
alone, but the Continent
capital in very large
also will
amount
be joined witn
it
in efforts to free their
The disposition
its
at first
preferred stock only 1 per cent, as against the pre-
spinning industry from a return of what they have vious payments of 2 per cent, and the Minneapolis &
been suffering the past year. Perhaps we have been St. Louis Railroad has suspended dividends altogether
selling cotton in past years cheaper than we can make on its common shares. Both these are to be considered
it.
If that is a fact there will be no difficulty in special cases, standing by themselves, and not symptomIt will indeed establish atic of the railroad situation as a whole.
The Lake
establishing a higher price.
itself if
we do not produce
our cotton out of
Its
a situation which throws
existing supremacy.
Erie
& Western
suffered seriously
the winter weather
and
also
from the Beverlty of
by reason of the stoppage
of freight service on the Great Lakes, owing to the strike
and Pilots on vessels engaged in lake
growth. Crops, as a result, are developing satisfao navigation. Being a small road, the loss of earnings
tcrily, giving promise at the moment of abundant resulting from these circumstances caused the surThis situation is in some plus availaole for dividends to be cut In two, and
yield 8 of grain and cotton.
measure relieving the depressed feeling that has pre therefore it seems only natural that the dividend has
A falling off in earnvailed while crops, which started late, were being sub- in like manner been reduced.
jected to low temperature and cold rains that prevented ings also furnishes the explanation of the suspension
development. Money also continues extremely easy of dividends on the common shares of the MinThis company has
on call and on time, and the outlook favors a continu- neapolis & St. Louis Railroad.
is
exchange
crops
in
the
local
as
foreign
suffered
from
short
territory tribuance of that state, inasmuch
lower, gold exports have been arrested, the Interior tary to the road, and has also been adversely affected
movement of currency tends as strongly as in former by the discontinuance of the traffic agreement preweeks towards New York and the surplus reserves of viously existing with the Rock Island Company. As
our banks were last Saturday the highest since May showing the effect of these circumstances on revenues,
27 1899. In trade circles the sentiment also is im- we may note that the total of gross earnings for the
proving somewhat. This ia less pronounced as yet. It period from July 1 to April 30 in 1904 was only
will be, though, more evident after a time, if no set- $2,412,661 as against $2,780,921 in the corresponding
back to the crop improvement ia realized. We say it ten months of 1903 and $2,910,845 in the same
will come because the growing crops, according to all period of 1901-2, while the total of the net was only
the evidence, will be so large, if present promise is $920,461, against $1,083,045 and $1,209,305, respecrealized, that they can hardly fall to stimulate trade. tively, in the two years preceding.
The Stock Exchange, with its usual quick sense of
Many deep and sincere expressions of regret have
coming events, has for about ten days given a little
evidence of a wish to be foremost if any improvement been heard this week in railroad and financial circles
Its action has been somewhat at the news of the death of Mr. Edwin D. Worcester,
in affairs Is under way.
timid and fitful, as if not quite assured whether there so long connected with the Vacderbilt system of
was not a belated wave of frosty air from the North- roads. Mr. Worcester was not only a man of the
The weather has been
favorable for
all
kinds of
west getting into shap?.
of the Masters
highest integrity but also of
marked
ability as a rail-
and he played a conspicuous part In the
Vanderbllt roads and in their wonA development of the highest importance this week
His railroad career extended
has been the action of the Masters' and Pilots' Aaso derful development.
he was ^he only survivor of
elation in terminating the strike which has been over fifty jears;
paralyzing steamship transportation on the Great the old New York Central Road as it existed
Lakes for the last six weeks. The organization sim- before its consolidation by Commodore Vanderply gives up the struggle, admitting defeat. Railroad bllt with the Hudson River Railroad. He entered the
traffic, which has been seriously interrupted as the service of that road in May 1853, when the ten separesult of that trouble, will now proceed In the rate companies which formed the line between Albany
In Stock Exchange circles an im- and Buffalo were merged into one company. He was
usual way.
portant event has been the announcement of the given charge of the accounts, and quickly showed his
plan for the financing of the floating debt and mastery of air the details of railroad operations. His
future capital requirements of the Southern Pacific successive steps after that were all in the line of progCompany. The nature of the arrangement came ress, and he displayed great ingenuity in meeting the
much as a surprise. Instead of a new bond issue, the new requirements constantly arising with the expansion and development of railroad operations and the
proposition is to create an issue of $100,000,
000 of preferred stock bearing 7 per cent ion- growth of the Vanderbllt system.
road
official,
affairs
the
dividends, only $40,000,000 of
cumulative
amount, however, to be put out at the present time.
of the
In those early days in railroading,
remembered, there were no
It
precedents
should
to
be
go by;
THE CHRONICLE.
2410
nothing to pattern alter. Everything was fresh. Mr.
Worcester, however, was a man of originality; and
with a keen understanding of accounts he was able to
hew out new paths. Upon the consolidation in 1869 of
the New York Central with the Hudson River BE., un-
[Vol. i>kxviil
on all industrial stock as collateral for
Commercial paper was in good demand
at 3 per cent for sixty to ninety day endorsed bills
receivable, 4@4£ per cent for prime and 4$®5 percent
for good four to six months single names.
at 3 per cent
six
months.
\-
der its present title of New York Central & Hudson
The Bank of England minimum rate of discount reRiver RR., Mr. Worcester, who had been Treasurer of
the New York Central, was made Secretary of the mains unchanged at 3 per cent. The cable reports
consolidated road, and this position he held up to discounts of sixty to ninety day bank bills In London
the time of his death. A'ter the extension of the 2 1-16 per cent. The open market rate at Paris is 1£
Vanderbllt system to Chicago, he was made Vice- ®1$ per cent and at Berlin and Frankfort it is 3£@3f
President, Secretary and Treasurer of the Lake Shore per cent. According to our special cable from London,
& Michigan Southern Railway and Vice-President and the Bank of England gained £1,062,003 bullion during
Secretary of the Michigan C antral. Hi enj >yed con- the week and held £34,444,077 at the close of the
Oar correspondent further advises ub that the
fidential relations with Commodore Vanderbilt and was week.
prominently identified with many of the C jmmod ore's gain was due to the import of £106,000 from Egypt
and £396,000 bought in the open market, to exports
i is also understood to have confinancial operations.
ducted the negotiations for the placing in London in of £15,000 to Gibraltar, and to receipts of £575,000
1879 by William H. Vanderbilt of $35,000,000 of New net from the interior of Great Britain.
H
York Central & Hadson River RR shares. The directors of the company have adopted a feeling tribute
to his memory; and their estimate of his life is withal,
As they well say, "the
it seems to us, a j ust one.
The
foreign exchange market was active and lower
early In
the week, influenced by offerings of finance
and by a light demand for remittance. On
highest tribute to his ability, fidelity and integrity is Wednesday the tone became steady for long, owing to
that for half a century successive administrations a temporary suspension of drawing of the above bills,
recognized and rewarded his talents and intelligent bankers being disposed to await a recovery before
devotion to the interests of the company. Ha lived attempting further negotiations, the loan market not
Sight
in and was part of the wonderful development of the readily absorbing the proceeds of these bills.
transportation facilities of the United States during sterling, however, continued heavy, though at slight
the past fifty years, and performed his part with credit recessions, and the market was dull for the remainder
It is thought that the customary
to himself and benefit both to the corporations which of the week.
he served and the public they served."
There was no change in official rates of discount by
any of the European banks this week and unofficial
or open market rates were, oompared with last week,
steady at London, weak at Paris and higher at Berlin
and Frankfort. The features of the statement of the
New York Associated Banks of last weak were the
bills
demand for remittance for the semi-annual settlements
may stimulate activity during the coming week, and
if
there should be a recovery in rates further offerings
of finance bills
may be looked for.
One
feature of the
market was the heavy tone for francs, the result of a
steady rise in the rate for exchange at Paris on London to
points very close to those which will permit of the
shipment of gold from the French capital to London.
high records for the year for legal tenders and cash The maintenance of comparatively high discount rates
reserve and also for surplus reserve; the latter was at the British capital seems to have attracted investthe highest since May 27 1899 when it was $43,933,- ments by French bankers who, because of the moneLoans were expanded $5,528,100 and the oash tary congestion in the Paris market, as indicated
726.
Deposits showed a gain by the low rate for unofficial discounts, have transreserve increased $6,409,6)0.
of $10,432,300 and the reserve requirements were ferred capital to their correspondents at London
thereby increased $2,608,075, deducting which from for employment, which transfer has been effected
the gain in cash left $3,801,525 as the increase in sur- through exchange. Should this movement of capital
plus reserve, to $35,662,400.
Calculated upon the continue it would seem probable that remittance to
baals of deposits less those of $23,363,800 public London must be made with gold.
The receipts of
funds, the surplus is $41,403,350. The bank state- gold at the New York Custom House this week were
ment of this week should refloat the transfer hence to $213,626.
San Francisco of $2,135,222 and of $250,000 to New
Nominal quotations for sterling exchange were 4 86
Orleans; the transfer of the .former was to facilitate for sixty-day and 4 88 for sight.
Rites for aotual
the movement of the fruit crop.
business on Saturday of last week were lower than on
Money on call representing bankers' balances loaned,
as was the case last week, uniformly each day at 1 ±
and at 1 per cent, with the bulk of the business at
1 per cent, andjthe average about 1-J- per oent; banks
and trust companies generally met the market rate
and so abundant was the supply that large balances
were daily left unemployed.
Time loans on good
mixed Stock Exchange collateral were difficult to
place, even at 2 per cent for sixty and 2£ per cent for
ninety days, and very little business was done in four
to five month's loans, which were quoted at 2| per
cent; some few transactions were reported for six
months at 3 and for seven to nine months at 3A per
cent and a round amount was said to have been loaned
the previous day, at a decline of 10 points for long to
4 8556@4 8565, and of 20 points for short and for
cables to 4 873(>@4 8740 for the former
and to 4 8750®
4 8760 for the latter; the market was affected by offerings of finance bills and by a light demand.
On
Monday the tone was generally heavy, long falling 6
points to 4 8650@4 8560 and short 6 points to 4 8730®
4 8735, but cables were firmer at 4 8756®4 8765. On
Tuesday the market was weak all around, Influenced
chiefly by the absence of demand and by a pressure of
finance bills, and long fell 25 points to 4 8526®4 8530,
short 6 points to 4 8725® 4 8730 and cables 10 points
The tone was steadier on Wednesto 4 8745® 4 8750.
day and rates for long and cables were unchanged
short was 5 points lower at 4 8720® 4 8725. Oj Thurs
;
..
June
18, 1904.
day short
fell
.
..
THE CHRONICLE.
|
8715®4 8725 and
5 points to 4
8740@4 8750; long remained
polnti to 4
The market was
cables 5
unaltered.
firm on Friday at an
advance of 10
points all around.
The following shows dally posted
rates lor exchange by some of the leading drawers.
DAILY POBT1D RATES FOB FOBEIGK EXCHAKGE.
FRI.,
June
Prown
10.
MON.,
Tubs.,
WED.. Thch., FBI.,
June IS. June 14. June 15. J 'if 16. June 17.
8«H
88*
60 days 4 86*
Baring:,
4 8**
Magoun & Co. Sight
60 days 4 86*
Bank British
4 88*
Sight
No. America.
4 86
Bank of
5 60 daye
{Sight • 488
Montreal
Canadian Bank 60 day* 486
488
of Commerce.. Sight
Heldelbach.Ick- 60 days 4 86*
4 88*
elheimer k Co. Sight
60 days 4 86*
Lazard
J
4 88*
Merohantg' Bk. 60 days 4 86*
(Sight.. 4 88*
of Canada
J
60 days
4
4
\
.
<
(
.
(
\
(
<
.
i
j
i.
86
88
86
88
86
88
80*
8»*
86*
88*
86*
s**
86
08
86
88
80
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
fc8
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
86
88
2411
landing of Japanese reinforcements, or was a case
where the commander's hand was forced by the War
On either supposition, It
Office at St. Petersburg.
waa a counsel of desperation; for the risk was great
and the force dispatched entirely too small. The
action certainly did not rt fleet that calm assuranoe
that time is in the Russian army's favor, of which so
much was said a month ago.
The truth is that the world at large especially
is
Russia's friendly critics in Germany and France
recognizing now a fact in the situation which un-
—
86
88
ee
88
66
88
86
88
86
88
86
88
86
88
86
88
—
prejudiced military critics recognized from the first,
namely, that Russia's experiments in Corea and on
the
Llao-Tung Peninsula amounted to walking into a
trap.
It Is
a
campaigning on a remote coast, at a
distance of five thousand miles from home resources.
We think that the inference may be carried further;
for the disastrous results of Russia's undertaking
handicap
The market closed on Friday at 4 8535 @4 8545 for
long, 4 8725@4 8730 for short and 4 8750@4 8760 for
Commercial on banks, 4 85@4 8515 and
oables.
how immense
very distinctly manifest
is this
pretty plainly suggest very grave disadvantages, not
documents for payment, 4 84 f <&4 85-£. Cotton for only in war time, nut in peace as well.
In whatever way and on whatever terms the war
payment, 4 84f@4 84.} ;
cotton for acceptance,
may end, It is safe to count upon one fact that Rus4 85@4 8515, and grain for payment, 4 85@4 85J.-.
sia will have learnc d a lesson from her experiment in
The following ^lves the week's movement of money Oriental expansion. This statement might be broad-
—
to
and from the
Week ending June
interior
by the
New York
banks.
Net Interior
Movement.
Received by
Snipped by
N. T. Banks N. Y. Banks.
17, 1904.
Gold
Total gold and legal tenders...
$11,477,000
1,124,000
$6,312,000
821,000
Gain. $6,165,000
303.000
Gain.
$13,601,000
$7,133,000
Gain. $5,4e8,000
With the Sab- Treasury
operations,
the result
is
as follows:
Week ending June
17, 1904.
Into
Out of
Net Change in
Banks.
Banks.
Bank
What
Holdings.
Banks interior movement as above
Sub -Treasury operations
$12,601,000
23,400.000
$7,188,000
21,500,000
Gain. $5,468,000
Gain. 1,900,000
Total gold and legal tenders.
$36,001,000
$28,633,000
Gain. $7,368,000
.
ened so as to include In its application other States
than Russia. But with Russia especially, a singular
delusion has existed during many years, even among
thinking men. It is that Russia is oppressed by what
is described as " land hunger," and that an unavoidable destiny pushes her on to conquest of new territory
and new ports which she may use as the outlet for
new commerce, ai d towards which she may push forward her teeming population.
are the facti
It
?
is
population numbers something in the neighborhood of
140,000,000 souls, this including all the various de-
pendencies of the empire.
The
following table Indicates the
of bullion
European banks.
in the principal
June
Bank
amount
June
16. 1904.
18. 1903,
Gold.
Silver.
£
England...
34,444.077
Total.
Gold.
£
£
34,444,077
Silver.
lolal.
£
37,419,578
37,419,678
111,636,863 45,288,280 157,102.148 100,635,195 45,000,326 146,635,528
France
Germany..* 86,373,000 12,' 80,000 49,153,000 36,226,000 18,377,000 47,608,000
84,-16,000
8,068.000 92,874,000 77,716,000
8,808,000 86,519,000
Russia
Aus.-Hun
46,987,000
13,997,000
60,984,000
45,801,000
13,180,000
58,981,000
Spain.
14,740,000
20,241,000
34,981,000
14,546,000
20,499,000
35,045,000
Italy
22,045,000
26,044,300
18,065,000
2,249,100
20,304,100
5,476,100
3,999,300
6.593.SC0
12,069,900
3,940,400
6,598,(00
10,539,300
3,080,667
1,530,333
4,591,000
8,016,867
1,608,88--
4,625,000
Netherl'ds.
Nat. Belg-*
Tot. week. 359,777,707 112,465,718 472,248,4 20 336,855,835 110,215,661 448,671,4*6
Tot-prev... 358,819.505 111, 864,97 469,584,482 383,766,096 109,814,882 448.6*'9,»77
.
* The division (between gold and silver) given In onr table of ooln
and bullion In the Bans of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain In neither case Is It
elalmed to be aoonrate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and sliver, but we
;
believe the division
we make Is a close approximation.
EXPANSION.
All of this week's Far Eastern news has suggested
that neither the Russian nor the Japanese commander
is desirous of postponing further conflict until the
figure
named com-
France,
On
the
notion
of
an
been
based
oversuch comparisons has
flowing population, and of Russia's need for increased
and additional
for instance.
outlets
to the sea.
mere fact of a large population has very
ing on the problem. The question really
ratio of population to
area of land.
we
But the
slight bearrests
on the
Now when
this
an average of 15
Inhabitants per square mile. Applying the same test
to England, the figure works out 558; in France It
Even in the United States,
is 189, in Japan, 296.
which certainly no one has accused of occupying a
position where emigration is necessary for the countest Is applied to Russia,
try's welfare, the ratio of
is
21*7.
The
inference
is
shall find
population per square mile
perfectly obvious.
It will,
perhaps, be answered that a great part of Russia's
8,600,000 square miles in Europe and in Asia
up
THE WAR'S LESSONS AS TO RUSSIAN
The
pares with 38,000,000 in
territory
of
quite true that Russia's
of barren land.
is
made
This statement would no doubt
apply to certain portions of the empire. But that It
does not apply In any such degree as to alter conclusions which would naturally be drawn from the above
comparisons
may be
inferred from the well-known fact
that neither the grain fields nor the mining regions of
Central and Southern Russia and Siberia have ever
July rains put a stop to military operations. Precisely been operated to their full capacity. The reasons asto what extent General Kuropatkin's personal prefer- signed for failure to accomplish such resuls are, first,
ence has been for simple dilatory tactics and Fabian lack of facilities of communication; second, lack of
policy is not so certain; it is even a matter of some sufficient population ; and It hardly needs argument
doubt whether the dispatch of General Stakelberg on to show that the first condition is a consequence of
his unlucky errand to the south was a deliber- the second.
The truth is that instead of throwing
ate move by Kuropatkin, designed to obitruct the out her population into new territory, Russia needs to
THE CHRONICLE.
2412
convei&e mtir labor intelligently on tne undeveloped
or little-developed territory which she already occuThe conception of Russian colonies on the
pies.
absurd from every point of view, and
history of
its absurdity has been plainly shown by the
One of the boasts
this very venture in Eistern Asia.
of the expansion party in Russia has been the port of
Dalny, near Port Arthur, which has been described as
a ready-made olty. It was precisely that. Instead
of a community which had grown up through natural
English plan
is
and industry, it was a town
"chalked off/' so to speak, by order of the Government, populated by Government employees and dependents ordered to the spot, and kept in existence
only by the Emperor's decree.
As for the argument for necessity of finding new
outlets for her commerce, it may very reasonably be
asked whether Russia has suffered in the past few
years from lack of such outlets, and whether establishment of others, 5,000 miles away from home, would
It has Beemed to us as if the popular conhelp.
ception had been based on the picture of an active industrial state, with a heavy and varied export
trade—subject, as many nations of Western Europe
are, to pressing necessity for new markets where sur-
movement
of population
plus products, especially of manufactures, could be sold.
No
picture could be more
What
Russia
|
Vol. lxxtiii.
mental faction which brought on tne invasion of the
Ea3t, the breach of good relations between Russia
and the friendly Western Powers, and at length the
struggle with Japan, would be so far shattered by a
decisive Russian reverse that the party of intelligent
reconstruction upon normal lines will be able to control the future.
It Is no secret that the whole deplorable present situation was caused by no yielding
but was the
to national demands or aspirations,
one
of whose
cabal,
result of manoeuvres by a court
achievements was the unseating of M. Witte from the
Finance Department the one man who in recent years
has seemed to grasp the nature of the country's
problem, and who is perfectly well known to have
discouraged and opposed the expansion movement in
the East. If the party of intelligence and enllghtment
now wrests control from the party of blind ambition
and expansion, It is quite possible that another generation will look back upon Russia's Eastern war as a real,
though at the time unrecognized, good fortune to the
—
State.
NEW YORK
CENTRAL'S FISCAL
YEAR.
The New York Central & Hudson River RR. Co.'a
Prefiscal year ends a week from next Thursday.
liminary figures for the twelve months have been
week in connection with the company's
All
actually does produce for export, such as oil and coal estimated income return for the June quarter.
and grain, finds the readiest of all markets, and would things considered, the showing is quite satisfactory
be in no respect expedited in its movement to con- for the quarter and the year alike.
sumers by acquisition of a dozen ports in Asia. As for
Conditions, as everyone knows, have been far from
preor
less
more
for
whose
Taking a retrospect of the last twelve
the Russian manufactures,
favorable.
investors
German
and
French
the
expansion
Is
seen that trade and business have been
months,
It
carious
and promoters have been responsible these past half- far less active than in the preceding fiscal year. This,
dozen years, it was the expectation even of the authors of course, meant a shrinkage in the volume of general
The iron and steel indusof such undertakings that the output would be and miscellaneous freight.
in
no
therefore
tries have been more or less In a state of depression
consumed in Russia, and would
To be sure that circumstance
respect be helped by command of additional export almost the whole time.
incorrect.
issued this
not of so much importance in the case of the Central as in the case of the Pennsylvania Railroad, whose
lines gridiron the iron and steel districts; and yet it
was an adverse influence all the same. The grain
movement, too, was decidedly smaller than in the pre-
outlets.
is
experiment in establishing outlying colonies
and dependencies, without a surplus population to
sustain them, signified merely that such dependencies
would be useless limbs to the Imperial system, no
very great mischief would be done beyond a waste of vious fiscal year.
We do not know just what the shipoapital and labor where notoriously neither capital ments over the Central were, but some notion can be
nor labor can be spared. Unfortunately, the sltua gained of the falling off which must have occurred in
tlon which we have shown to exist means more than the grain traffic from the fact that the receipts of
If the
What
the seaboard points combined were only
In the present war.
One need only contrast the 68,785,750 bushels in the period from January 1 to
Russia of 1812, developing on normal lines along the June 11 in 1904, as against 130,464,190 bushels in the
path which led to Its subsequent commercial growth, corresponding period of 1903; and that the receipts of
with the Russia of 1904, in order to see where flour were only 7,857,846 barrels, as against 9,395,537
the strength and the weakness of
the coun- barrels.
that.
it
involves has been plainly illustrated
would
grain at
all
Napoleon atbe found.
Nor should the severe winter weather experienced
tacking Russia, ninety-two years ago, found an an- be lost sight of. Temperatures were unusually low,
tagonist whose opposition grew more formidable the and the cold was prolonged much beyond the ordilurther his armies moved towards its invulnerable nary time.
In January and February the lines of the
center. Japan, striking at Russia's aoqulred territory Central in Northern New York were on more than
five thousand miles away from the Russian capital, one occasion completely tied up for days on account
reduces its enemy, by the achievement of a single of extreme oold and snow blockades, all of which
night, to a position of humiliating impotenoe, where Involved serious Interruption of traffic and greatly Init is instantly confronted with the gravest of all
creased expenses. Then the strike of the Masters
military problems an army Inadequate to meet the and Pilots of vessels engaged in transportation on the
enemy on equal terms, yet whloh can be heavily rein- Great Lakes, which strike was definitely terminated the
forced only at the peril of the commissariat.
present week, was an untoward occurrence of very conWe shall not indulge in predictions as to the prob- siderable importance. The strike lasted six weeks,
able outcome of the war so far as concerns Russia's and had the effect of bringing the Lake carrying busiambitions in the East. It does, however, seem to us ness almost to a stop. During the season of navigareasonably certain that the prestige of the govern* tion the Lake lines form Important tributaries to the
try's
situation
—
—
June
THE CHRONICLE.
18, 1904. J
Central at Buffalo, and these sources of traffic were
almost completely cut off while the trouble lasted.
Tear,
Orost.
2413
Net.
Other
income,
$
I
$
Fixed
charges.
$
Profit.
Dividends.
$
Surplu*.
%
be seen the situation
1892. .48,175.664 15.671,438
687,417 11,769,678 4.589,177
(5*)4,471,415
117.768
was far from encouraging.
Tet what does the Central report show In face of
the many adverse circumstances and conditions just
enumerated ? In the first place gross earnings were
1893. .4T,786,008 16,453,679
650,320 19,318,288 4.785.717
(53)4,471,415
814,308
1894. .44,229,607 15.354,770
713.315 12,502.196 3,566,889
(5^)1,588,826
1895. .43.231.849 15.161,898
1896. .46,087,193 16,516,932
670,799 12,679.824 3,161,873 (4^3)4,339.691
674,119 13,014,304 4,178,747
(43)4.000,000
176,747
1897. .45,199.465 16.812,694
665.785 18,303,536 4.174,893
(4*) 4.000.000
174,803
1898. .47,484,633 17,098,750 8,251,471 14,500,687 4,843,634
(43)4,000,000
843.634
maintained at nearly the figures of the previous year.
1899. .48,194.016 17,952,859 4,336,258 16,601,837 5,687,875
(4;{)4.000.000 1,687,875
makes a decrease of only
may be wiped out when the report
1901. .66,333,111 23,744,894 4.530,294 20,633,005 7,742,188
(53)5.750,000 1.098,188
1902. .70,903.868 24.040,879 4.878,023 20,899,685 8,016,717
(53)6.961,411 2.055.30O
Altogether, therefore,
The preliminary
$104,900, and this
la
It
will
total
issued showing the exact result
other words, gross for 1903-04
is
against $77,605,778 for 1902-03.
for
the year.
In
The
trifliDg
change
In 1901
all
is
$66,333,111, in 1900
I
1900. .54,562,951 20,511,366 4,716.744 17,249,083 7,979,087 (49*3)4,937,600 3,041,626
1903. .77.605.778 24,146,464 5,278,745 80,694,905 8.724,304
(53)6.604,168 2,120,146
1904* .77,500.900 22,120,100 5,944,100 20,690,500 7,878,700
(53)6,012.500
761200
given at $77,500,900
the more significant, in view of the
great growth in earnings which occurred in the years
immediately preceding. As against the $77,605,778
in 1903, the gross in 1902 had been only $70,903,868,
recorded
i
*
Results partly estimated.
i
In 1894 there was no surplus but a deficit of $1,022,937 and In 1895 a deficit
of $1,178,118.
Note.— The number of miles of road operated on which the foregoing figures
are based was 2,267 In 1892, 8,278 In 1893, 8,579 in 1894, 2,675 in 1895, 2.577 In
1893, 2.586 in 1897. 2,586 In 1898, 2,828 in 1899, 2,817 In 1900, 3,228 In 1901, 3,320 in
1902 and 3,422 miles in 1903 and 1904.
The last quarter
64,562,951, and in 1899
of the year, considered
by
itself, also
In other words, in the four years from makes a good exhibit. Gross earnings are reported
1899 to 1903 there was an J addition of 29* million less by $943,100, but this was offset to the extent of
dollars, the total having risen from $48,124,016 to $408,400 by a saving in expenses, still leaving however a loss in net of $534,700. Other income improved
$77,605,778.
$48,124,016.
In the interval, of course, the Boston & Albany
was added to the company's! mileage, but that there
was a great increase in revenues independent of the
addition on that account is evident from the olrcu instance that for 1902-03 gross earnings were $11,272,667
larger than they were two years before in 1900-01,
when the Boston & Albany was already included;
that in 1900-01 there had been an increase of $1,838,762 independent of that arising from the acquisition
of the Boston & Albany andjthat in 1899-1900 there
had been an increase on the old basis of mileage of
$6,438,935, making altogether;$19,500,000 gain for the
four years, apart from that caused by the inclusion of
the Boston & Albany. The whole of this large growth
of previous years was, it hence appears, substantially
maintained in 190304.
Of course expenses were heavily increased in the
year under review. That followed naturally from the
bad weather and other similar adverse influences. The
total of the expenses was raised $1,921,500, and this,
added to the diminution of $104,900 in gross receipts,
makes a loss in net of over two million dollars
$2,026,400. Fortunately, the company's investments
In other properties proved more profitable than in the
preceding year ; at least the " other income " was increased by $671,400, offsetting the loss In net to that
extent.
The other items in the account show no very
great changes, and the final result Is a surplus above
the 5 per cent dividends paid in the sum of $761,200,
against a similar surplus of $2,120,146 for 1902-03.
Stated in another way, 5*58 per cent was earned for
the shares in 1903-04, notwithstanding the many serious drawbacks encountered, this comparing with 6*60
per cent for 1902-03. Presumably, too, there was no
great curtailment in the expenditures for improvements and betterments included In the expense accounts of the year. A property which can lose $2,000,000 in net and yet make such an exhibit is evidently in strong condition.
The
following table furnishes a summary of the
yearly results for the last 13 years.
The feature of
this table
Is
the relatively small gain in net in recent
years in face of the large increase In gross already
In other words, while the total of the
gross from 1900 to 1904 increased from $54,562,951 to
$77,500,900, net earnings were augmented in amount
referred to.
of only $1,600,000.
to the extent of $179,600,
with the result that there
surplus
of
a
$105,100 above the dividend in the
June quarter of 1904, against $501,584 for the coris
responding quarter in 1903. Considering the embargo
placed on traffic by the strike on the Great Lakes and
the unseasonably cold weather experienced most of
the time, the outcome is better than had been generally expected.
THE EUROPEAN COTTON CONGRESS AT
ZURICH— DEATH OF MR. ELLISON
OF LIVERPOOL*.
Manchester, June
1st, 1904.
The International Cotton Congress held at Zurich
on May 23d to 28th marked the first successful effort to
bring about conjoint deliberation and action upon
subjects of
common
manufacwas attended
interest to the cotton
turing industries of various nations. It
by 59 delegates from Great Britain, Germany, France,
Eussia, Austria, Italy, Belgium, Switzerland and Portugal.
The proceedings were conducted with great cor-
and friendliness throughout, a result due
mainly, no doubt, to the fact that the program was
restricted to a few topics of immediate Importance to
coniumers of cotton in all the countries represented
upon which there could be no difference of opinion
sufficient to excite strong antagonism, especially of an
international kind.
The prescribed subjects were
the scarcity and dearness of raw cotton, speculative
manipulation of the cotton markets and the national
and International organization of cotton spinners and
diality
manufacturers.
Great interest was shown by the Continental delegates in the statement submitted on behalf of the
British Cotton Growing Association. Interesting reports were also presented upon the efforts made by the
German Colonial Agricultural Committee to encourage
the cultivation of cotton in German West and East
Afrioa, in Southern Brazil and in Borneo, as well as
upon the movements in the same direction now going
on in French, Russian, Belgian and Italian territory.
No very conspicuous achievements in the shape of
cotton bales could be adduced in any of these reports
except in the case of Russia, but the delegates appeared to be convinced that satisfactory results will
before long be realized, especially in British possesCommunloatea by oar Special Correspondent at Manchester.
—
THE CHRONICLE.
2414
The
on the subject of Injurious
speculative operations and the facilities afforded to
them by the futures markets was long and rather
animated. No specific remedy was proposed, but the
Congress unanimously decided to Invite the cotton
exchanges of New York, New Orleans, Liverpool,
Bremen and Alexandria to adopt any means which
they may consider desirable and effectual to present
those who have no direct Interest in the cotton trade
from controlling the cotton markets to the detriment
alone.
[Vol. lxxviii.
The establishment of this satisfactory
it may be added, the assembling
discussion
and,
relationship
of the Zurich
—
Congress are very largely due to the persevering efforts of Mr. C. W. Macara of Manchester, the head of
the old firm of Henry Bannerman & Sons, who have
long had a very large dry goods business in Man-
He
chester and extensive cotton mills in Lancashire.
is
a
man
of clear perception of the needs
and ten-
dencies of the times with regard to the cotton industry,
and has used
his great energy, his tact
and
his
of the industry.
unfailing perseverance and patience, in seeking to
Upon the question of a permanent international
organization there was no difficulty in arriving at
ployers
secure not only a friendly attitude as between
em-
and employed, but cordial co operation in
a favorable agreement, although some divergence of promoting the interests of the Eaglish cotton indusopinion appeared as to its authority and the scope of try as a whole.
its deliberations.
This was set aside, however, by the
The death on May 31st, in his 71st year, of Mr.
terms of a unanimous resolution, appointing an inter- Thomas Ellison of Liverpool has excited much regretnational committee, with Manchester as its centre, ful interest in that city, in Manchester and elsewhere.
composed of one member from eaoh of the nine coun- His eminence as a careful and reliable authority upon
tries
represented at the Congress.
The functions
of
the statistics of the trade in raw cotton and cotton
manufactures was widely acknowledged. In his writings
the committee are to meet periodically for the purpose of discussing the affairs of the cotton industry upon this branch of commercial information, Mr. Ellifrom an international point of view, to make known son always declined to travel into fields where he could
its suggestions thereupon throughout the constitu- not command enough of accurate knowledge to justify
encies represented, and to organize a second Interna- his reasonings and conclusions.
Hence he never pretional Congress.
Whilst, therefore, its purview Is un- tended to forecast the amount of the American or
restricted, it possesses only advisory and informing any other cotton crop.
Upon the rate of consumppower apart from this last-named specific duty. The tion, however, especially in Europe, he was undoubt-
committee
to hold its sittings in Manchester.
holding as he did the
threads of an extensive and valuable correspondence
by which he gathered together the facts upon which
His business life was spent
his estimates were built.
est excited throughout the European cotton industry
entirely in the work of a Liverpool cotton broker, at
by its deliberations has been lively ard hopeful. But first as an apprentice and for many years as the head
the work has not been confined to the subjects
In his early experience
of the firm of Ellison & Co.
prescribed in the program.
Other questions were he passed through and learned much from the exis
The Congress and
edly a
trustworthy guide,
proceedings have evidently
given great satisfaction to those who took part in it,
and all available evidence goes to show that the inter
actively
Among
discussed
its
in
casual
private
conferences.
these the relations between employers and
employed, their respective organizations, rates of
wages, hours of labor, general and technical educa
tion and cognate topics received much attention.
Many
questions were addressed to the English delegates by their Continental confreres as to the attitude
of the trade-unions toward the employers' associations,
and much surprise was expressed
at the extent
friendly co-operation on
many questions between
bodies, antagonistic
their interests
ships often are.
as
The way by which
condition has been reached
of
these
and relation
this satisfactory
a long one, and
famine of the sixties.
One of the resolutions he then formed, gathered from
the pitiable end of many a speculative oareer in those
times, was that he would never engage in a class of
business which had ruined so many fortunes and not
His monthly and annual cotton
a few reputations.
highly prized by cotton spinbeen
ciroulars have long
ners ard by merchants engaged in the trade in raw
citing experiences of the cotton
or
manufactured cotton in
all
parts of the world.
It
be a satisfaction to them to know that these will
be continued by Mr. Thomas E. Ellison, his eldest son,
who for some time past has assisted his father in the
The late Mr. Ellison, who has long been
work.
will
it has
not been by any means free from obstacles and dis
known to the present writer, was a man of sterling
couragements. Certain it is, however, that the two
integrity and straightforwardness, possessing great
organizations have reached a ground of mutual confl
charm of manner. His knowledge on many subjects,
dence and respect which greatly facilitates the settlebut especially upon those connected with his business,
ment of disputes, and makes it possible for them to
was wide and accurate. His opinions and judgments
work together in matters of common interest. Occawere consequently clear and intelligently formed, and
sions of conflict do of oourse arise, one of them just
always commanded the respect of those who sought
now being the introduction of labor-saving mechanthem, and of these there were many.
ism and labor re-arrangements in the weaving depart
ments, involving reduced piece rates of wages, with an
THE VANDERBIL1
LINES.
increase in Individual earnings. For the settlement
of these and other knotty questions, the means are
Except for the reduction in the divider d on the
now always at hand, in so far at least as they are capa- preferred stock of the Lake E ie & Western Railroad
ble of solution by amicable discussion.
Some of the Company (only one per cent being deolared for the six
Lancashire delegates were amused by the half in- months, against the previous semi annual payment of
credulous eagerness with which they were asked as to two per cent) security holders in the Vanderbilt Westthe truth of the reported large sums contributed to ern roads have every reason to feel gratified at the outthe Cotton Growing Association by the cotton come of the operations of the six months now coming
operatives' trade unions. They of course replied to a close. The Lake Erie & Western is a comparatively
is
WESTERN
affirmatively.
small road, and therefore the loss of earnings occa-
June
THE CHRONICLE
18, 1904.]
stoned by the severity of the winter and the congestion
of traffic resulting from that cause occasioned a loss in
income which proved mnch more serions to
than to
surplus available for divionly $119,533 in the six months of
was
dends
it
Tne
the larger companies.
the
corresponding six
months in 1903, makiDg a reduction in the dividend
against $238,433 for
1904,
2415
The Michigan Central
sustained quite a loss in gross
earnings over a million dollarj whiob, perhaps, is
not surprising, considering that a considerable por-
—
—
tion of the mileage lies in Canada,
where the weather
was intensely cold and the interruption to traffic on
that account exceptionally serious.
The company,
however, managed to decrease expenses by $878,619,
inevitable.
reducing the loss in net to, roughly, $220,000. After
The larger roads, more particularly the Lake Shore deducting the customary dividend of 2 per cent, a
& Michigan Southern and the Michigan Central, were surplus is shown for the six months of 1904 of $10,better situated to contend with the unfavorable influ- 240, as against $23',',752 for the corresponding six
ences and conditions which were characteristic of the months of 1903.
The reduction in expenses is in line
six months. We have discussed the nature and extent with the policy long pursued in the administration of
of these unfavorable conditions in our article review- this property, accordirg to which expenses are so
New York
graded as to leave very little ohange in net earnings,
and shall therefore attempt here only a brief enumer- be the gross large or small. The fact that the differation of the same. Trade and business were decidedly ences in net have been relatively small from year to
quiet, the iron induitry was In a state of depression, year is brought out in the table which we now annex,
the grain movement was very much reduced, the giving the half-yearly results back to 1890. For 1904
weather was exceptionally bad, and finally there was and 1903 the method of computing fixed charges has
the tie-up of the vessels engaged in transporting been altered, the dividend on Canada Southern stock
freight between the upper and lower Lake ports and being included.
between the East and the West. Altogether, we have
MICHIGAN CENTRAL AND CANADA SOUTHERN.
here a combination of "unfavorable factors that is not
ing the
Central figures for the
fiscal
year,
met with.
The effect in the case of the Lake Shore has been
less marked than in the case of any of the other com-
often
Gross earnings for that system are actually
reported $75,000 better than in the six months of last
year.
Ordinary operating expenses were augmented
panies.
sum of $680,000, but as against
new equipment, improvements,
in the
for
tailed by $159,000, leaving the final
this the outlays
were cur
in net only
etc.,
loss
which was further reduced by $120,000
through an inorease in "other income/' the Like
$146,000,
Shore's investments in other roads, like those of the
New York Central, having netted a larger return.
With
these various changes and some slight differences
in fixed charges, the
1904
is
outcome
for
Jan.
1
Tne
Operating
dross
Earnings Expenses
to
and
30.
6,965.000
1892....
7,643,000
1893....
7,550,000
Tixes.
Rentals.
1,765,000
1,200,000
1894....
6.169,000
5,785,000
4,429,000
1,740,000
1,200,000
1895....
6,200,000
4,470,000
1,730.000
1,200.000
1,200,000
1896....
6.620,000
4,904,000
1,716.000
1897....
6,554,000
4,805,000
1,749,000
1.206,000
189S-
..
6,972,000
5,220,000
1,752,000
1,212,000
1899....
7,156,000
8,S0?,605
5,394,000
1,762,000
1,812,000
1900....
6,459,0^6
1,749,620
1,202,730
1901....
8,815.957
7,037,9-12
1,777,995
1,229,956
1932....
9,089,574
1,830,326
1,159,817
1903.... 11.253,604
7,259,218
9,388,619
1904*... 10,155,000
8,510,000
1,645,000 +1,260,000
*
The
results for
To
To
Michigan Canada
Central. Southern,
Swrplus.
$4,968,000 $1,875,000 $1,222,000
5,135,000 1,830,000 1,230,000
5,732,000 1,910,000 1,200,000
1890.... $6,843,000
1691....
Interest
Net
and
Earnings
1,864,985 +1,252,473
$653,000
600,000
710,000
565,000
640,000
630,000
516.000
543,000
540,000
550,000
546,790
$472,000
443,000
548,040
670,509
612,512
385,000
397,682
520,120
June are partly estimated.
on Canada Southern treated as
t Includes dividend
626,000
403,000
388,000
382,000
375,000
391,000
390.00C
397,000
396,769
$181,000
157,000
184,000
162,000
152,000
148,000
141,000
152,000
150,000
163.000
150,021
150,368
160,389
rental.
the six months of
a surplus of $294,340 above the 4 per cent semi-
annual dividends on the stock; the surplus for the
first six months of 1903 was $627,624, but that was
after the payment of a dividend of only 3-\ per cent.
The surplus of $294,340 remains, it should be stated,
no less than $1,730,000 in
after the inclusion of
expenses for payments on account of new equipment,
improvements, etc., giving additional emphasis to the
In the following
satisfactory nature of the exhibit.
table we show the half yearly results on the Lake Shore
for each year back to 1890. In stating the charges, it is
proper to say, we give only the net amount that is,
the net charges after deducting income received from
—
RAILROAD GROSS AND NET EARNINGS
FOR APRIL.
The
compilations of the gross and net earnings of
United States railroads for the month of April, which
show a loss in gross of $1,736,723,
1*73 per cent, and a loss in net of $2,540,351, or
we present
or
to-day,
8*17 per cent.
The
causes for this shrinkage in rev-
enues have been Bet out at leigth on previous occaInactivity in trade, a small grain movement at
sions.
the West and a small cotton movement in the S)uth,
the backwardness of the season, the miners' strike
Colorado, severe storms
and exceedingly wet
in
the
Southwest these were among
weather in
the more conspicuous of the unfavorable agencies
—
investments.
LAKE SHORE
«fe
MICHIGAN SOUTHERN.
at work.
Jan.
1 to
June
30.
Operating
Expenses
Oross
Earnings.
Net
Earnings.
and Taxes.
Interest
and
Surplus.
April
Rentals.
January
.
(96 roads.)
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904*
*
Results for
$9,923,850
9,550,047
$6,958,559
$2,965,291
$l,6-)6,920
6.609,009
2,941.038
l,e80,00u
$1,278,365
1,201,038
10,678.656
7,417,890
3,260,766
1,680,000
1.580,706
11,816.5
8,378,670
3,437,910
1,680,000
1,757.910
6,195,088
3,201,242
1,680,000
1,521,242
9,396,328
9.6^3.993
6,432,277
3,231,710
1,680,000
1.551.716
10,125,8:
6,929,238
3,196,652
1,680,000
1,510,652
9,560.851
10.10W.609
6,441,106
3,ll9.f85
1,680,000
1,439,685
6,695,734-
3,213.870
1,410,'OC
1.803.870
11.005.132
12,72- ,383
7,561, 13:-.
3,440,949
.1.410,000
2,030,949
8,043,653
4,684,730
1.350.0C0
3,334,730
13,690,819
8,935,797
4,754,422
9,850,411
4,403,729
17,020,832
13.161,930
3,858,932
990,000
810,000
1,500,000
3,761,422
14,851,140
17.096,000
13,383.000
3,713,000
1,447,000
2,273,000
May and June partly
estimated.
3,563,729
2,358,952
1904.
1903.
S
$
Gross earns 98.798.874 100,535,597
Oper. exp... 70,246,599 69,442,971
Net earn's
28.662,276
31,092,626
1 to
Apr.
80.
(95 road*.)
Inc. orDec
1904,
1903.
Inc.or Dec.
$
$
9
t
-1,736,72> 378 2?4,461 381,897.317 —3.662,856
+803,688 ^80,275,143 269,404,739 +10,870404
-2,640,35)
97,959,318 112,492,678 -14,533,260
unnecessary to tell the reader that the losses in
earnings reported the present year are very small
alongside the large and continuous gains established
in the years immediately preceding.
The following
table serves to furnish a graphic illustration of the
It
is
fact referred to.
..
...
..
THE CHRONICLE.
2416
Ntt Earnings.
Grnst Earnings.
Ttar A
So. of
Ttar
Ttar
roads.
Given.
Preceding.
Increase or||
Dtcrtast.
Ttar
Ttar
Given.
Prtcedino.
Increase or
Decrease.
North Paolflc group, and only one— the Anthracite
Coal group improvement in net.
—
8UHM A»T BT OKOUFB.
%
April
TMJ(197)
•94(142)
64,709,807
52.961,612
46.498,479
65.786.165
eeasi)
49,264,064
•8«(120)
60,608,569
47,842.497
49.7S6.H08
•87(127)
64,761,130
54,701.841
'•8(134)
63.443,166
55,427,918
'90(124)
68,867,884
64,898,200
'00(127)
68,318,028
e4,3Sl,412
'02(120)
78,077,472
94,439,877
100.6S2.8CO
'03(109)
107.617,310
91,394,164
94,172,420
'04( 98)
98,798.871
100,535,597
•01(127)
Jan.
[Vol. lxxviii.
1
15,937,228
124587.654
16,712,886
14,332.167
12,767,861
+841,766
+48.289
14,484.626
15.419.768
14.667.119
+8,015,248
+8,449,684
+9,764,441
+10,107,966
+9.168,18*
+18.314,890
-1,736,723
18.740.860
14,974,166
16,696.627
20.458,883
19.119,604
28,300,034
20,416,810
24,976,196
87,891,119
29,788,830
31.092,626
29,511,141
31,260,129
38,892.999
2 ',652,276
15,784,974
+224.586
—8.477,420
+1,544,806
—172,498
+ 8,389,010
+4,104.169
-2,640.361
•98(122;
212.625,979
•94(1301
f6(129)
183.744,689
189.4T4.87p
'96(127)
201,819,180
•97(122)
S31.42N80I
245,904,241
•99(122)
2e6,5S.24I
•00(126)
308,941,001
01(127)
872.454,171
•02(117)
886.082.607
•08(108)
408,138.197
•04( 93)
878,234.461
209,379,106 +3.646.879 68,605,681
218,257,008 -84,612,319 60,684,428
186.487.43i +3,037,440l 54,280,490
58,892,179
190.466,469 +11,862,67
62,116,399
60,280,241
—8,129.06
+81,511,129
62.328.362
60,381,592
76.903,63 1
63,487,681
78,996.184
78,088,400
78,820.688
234.554.868
217,893,112
254,634,857
264,684,616
836.589,007
361,929,975
+10.903.886J
+44,256,3-<6
96,220,034
61,464,568
64,370,245
+35,895,164 120,750.879 104,321,860
+24,102.532 120,314,647 114,842,047
380.938,811 +47,134,386 119,980.983 110,661,936
331,897,317 —3,662.858 97,969,318 112,492,678
—3.509,818
-9.695,815
+2,815,932
+4,621,934
+1,941.770
+12,886,931
+967.784
+17.390.351
+16,428,619
+6,472,(00
+9,319,027
-14,633,260
Notb.— We no longer include
the Mexican roads or the ooal-mlning
operations of the anthraoite coal roads In onr totals.
Among
the separate roads decreases are
Net Earnings.
Gross Earnings.
SKOTION OB
GROUP.
Inc. or Dec.
1908.
1904.
1903.
1904.
AprU.
1
*
—1.066,066
+684,508
P.O.
lines. (10;
81.631,240
t
32,388.496
f
8,701,938
9,766,993
Anthr. Coal. .(B)
Bast. & Mid. (13)
8,626.781
8,226,041
3,657.461
2,972,949
3,889,619
6.618,409
8,818,421
887,640
7.13S.705
1.826,761
1,040,812
2,004,975
6,004,698
6,463,569
1,536,788
1,892,833
North Paolflc (3) 8,663,601
Southwestern A
South Pao.ilo) 17,114,800
Southern. ...(24) 17,060,926
8,330,966
3,291,866
3,300,844
17.493,610
4,816,650
6,231,676
17,235,901
4,338,847
4,882,444
—415.026
—549,097
11-85
98,798,874 100,636.697
28,652,275
81,092,626
-2,640351
8-17
3,896,963
1.286,674
1,365,921
—79,247
6-60
lines. (10) 116378,874 120,747,534
-9.694,450
-1.228,903
30-66
9-98
27-74
21-27
16-30
+446,618
+3.045,288
+1,839,229
+2.888,224
+4,536,945
April 80.
to
'98(132)
+1,748,265
—9,289,690
+1.921,667
Trunk
$
Mid. West'n.(15.
North west'n(ll)
Total (96
r'ds)
3,963,136
Jan.
—168,172
-678,214
—865,900 18 80
-8.389
085
7-93
Apr. 80
1 to
Trunk
10-04
2S-02
14-71
83-88
21,917,876
31,612.326
5,
80.179,151
32,582,697
11,140.879
18,369,782
Mid. (18)
11,692,048
Anthr. Coal.(
12,150.833
8,336,386
3,233,251
—897,026
Mid. West'n.(14) 26,617,027 86,840,300
Northwest'n (11) 24,146,023 24,690,896
6,881,176
8,028,525
6,650659
7,851,918
North Paolflc(3) 30,811,901
Southwestern &
South PaO.(16) 68,068.648
30,105,616
9,780,691
10.605,614
—1,707,850
-1,201,859
-884,920
66.806,167
18,848.880
68.474,385
20,962,929
18,874,676
20,616.487
+674.206
+416,442
3-14
Southern
97,959,318 112,498,578 -14,583,260
12-92
+38.64J
0-84
East.
&
71.416.401
....(21
Total (95 r'dB) 378,234,461 331,897,317
much more
14,679,138
15,441,838
4,638,866
4,598,223
7*77
8-17
prominent and also much more numerous than inBesides the roads making returns as to both gross
creases.
The remark applies with special force to the
changes in net earnings, illustrating the part played by and net, we have a number which report only as to
cominauspicious weather conditions in affecting results ad- gross. Combining the two, we have the following
gross:
to
the
but
confined
versely.
The table which we now subjoin shows all prehensive exhibit,
ROADS BEPOBTLNG GROSS BUT NOT NET.
changes, whether gains or losses, for amounts in
excess of $30,000, both in gross earnings and net
Increase. Deer'te.
1903.
1904.
April.
earnings.
Reported above (96
PRINCIPAL OHANQE8 IK
GROSS
BARBIHGS IN
8onth. Paclflo System.
Central of New Jersey
Atlantlo Coast Line....
Union Paolflo
Gr. Trunk Sys. (3 r'ds)
Chesapeake
Tol. St. L.
A
A Ohio.
.
West
Northern Central
Wabash
Total (representing 14 roads)...
$266,111
250,232
130,168
122,728
106,505
71,795
66,722
51.558
42,627
39,408
36,000
33,798
*
$577,700
303,568
A St. Paul..
& Ohio
Hooking Valley
Colorado A Southern.
Mobile
Minn. St. P. A S.St. M.
Louis Southwest.
Denver & Rio Grande
LoulsvlUe & Nashville
Buffalo Roch. <fe Pitts.
Toledo A Ohio Cent...
N. Y. Sub. & Western.
St.
.
Minn.
A
8t.
Ann Arbor
Louis
A Iron
Co. reports
These figures cover only lines dlreotly operated east and west of
Pittsburgh and Erie. The gross on Eastern lines decreased $399,300,
and the gross on Western lines deoreased $178,400.
NET EARNINGS IN APRIL.
Increases.
Decreases.
PhU. A Reading KR.\
$332,500 Buff. Booh. A Pitts....
$82,561
Qr. Trunk Bys.(3 r'ds).
212,180 Canadian Paolflo
80,640
PRINCIPAL OHANGKB IN
Southern Paolflo Sy s..
Union
Paolflo
Yazoo A Miss. Valley.
Mlnn.St.P.AS.Ste.M.
Colorado A Southern.
Seaboard Air Line
Louisville
Total (re
8 ro
Atoh. Top.
8)
$1,157,999
A Nashville
A Santa Fe.
A St. Louis
A Ohio Central...
Chloago A Alton
N. T. Susque. A West.
Minn.
Tol.
Decreases.
Pennsylvania RR.t...
Central
Baltimore A Ohio
Erie
Mo. Kans. & Texas...
Southern Railway
St. Louis South west. .
Hooking Valley
Illinois
Mobile A Ohio
Norfolk A Western
Ohio. Mil.
A St. Paul..
80,318
76,850
58,568
56,818
54,227
54,055
46,989
43,764
43.644
40,890
39,919
88.856
37,308
34.000
33,023
32,600
30,340
$578,800 Wlsoonsin Central
427.627 Ohio. Great Western..
396.836 Iowa Central
298,375 Phil. Bait. A Wash
272.585 Kan. City Southern..
144,766 W. Jersey A Seash
139.260 Ala. Gr't Southern
107,239
101.459
Total (representing
97,014
31 roads)
$3,611,946
88,615
* These figures are for the Railroad Company; the Coal A Iron Company reports an inorease of $100,844.
t On the Pennsylvania BR. the net on lines dlreotly operated east of
Pittsburgh and Erie deoreased $411,100 and the net on Western lines
decreased $167,700.
t Does not include results for Lehigh Valley Goal Co. and other
controlled ooal oompanles, which latter show a decrease of $204,899.
That the influences
at
8,647,901
2,910,014
262,113
Montana Central.
Dllnols Southern...
225,671
44,675
14,456
Internat'l&Gt.No.
Lake Erie A West'n
350,554
405,350
7.299
3,105,000
123,000
33,244
6.319,977
3,619,923
948,241
206.482
100,194
151,435
42,545
802,129
8,800
58,874
180,996
10,910
416,884
410,298
10,448
3,488.000
116,000
26,266
6,565,865
3,574,437
921,055
214,469
90,249
158,217
47,913
927,916
10,500
51,824
123,587,321
126,977,098
163,276
Ohio. St. P.M. A Om.
Ohio. Term. Transf.
Detroit Southern...
Evansv. & Terre H.
Great Northern—)
St. P. & M. M...£
East of Minn.. )
work were very general
their nature becomes manifest
when the roads
in
are ar-
25,3(56
Macon & Biriningh.
Mo. Pao Alr.Mt....
.
N.
an Increase of $1,589,052.
209,546
180.478
143.364
79,931
18,872
8,127
4,649
2,902
463,455
154,845
21,940
23,248
5,740
Central Branoh.
Mobile Jack. AK.C.If
Central
MU.
These figures are for the Railroad Co.; the Coal
Cent, of New Jersey.
Lehigh Valleyj
198,520
102,504
110,962
59,453
4,501,715
924.008
146,081
121,762
144,735
Total (representing
19 roads)
$2,744,559
Illinois
Decreases.
Pennsylvania RR.t...
Mo. Kans. A Texas...
180,148
94,377
106,313
56,551
4,038,260
769,163
134,141
98,514
138,995
N.OrLANo.East.
Norfolk* Western....
$1,217,652
1,736,728
Alab. A Vioksb...
Vlcks. Shrev.&P.
Atlanta Knoxv. A N.
Ohio. A North West.
Ohio.
$
$
100,535,597
$287,960
265,556
219,556
160.837
152,041
104,422
102,145
94,725
90,380
75,339
73,231
71,201
48,354
46,755
37,813
33,476
Erie
$
9
98,798,874
Ala.N.O. AT.Pac.—
Decreases.
Increases.
Canadian Paolflc
PM1. A Reading BR.*.
Atoh. Top. A Hanta Fe
APRIL.
YCent AHudR.
Northern Paclflo....
Pere Marquette
St. L. Vand, A T. H.
Southern Indiana...
Terre Haute
Terre Haute
A
Ind.
A Peo..
Texas A Pacific
Tex.Sab.Val.AN.W.
Toron.
Ham. A Bull
Total (124 roads).
Net deo. (2-67
»•••
215,888
45,486
27,186
......
......
7,987
9,945
......
6,782
5,368
125,787
1,700
7,550
8,653,068
8,889,777
weeks to AprU 80.
It will be observed
way we get a
„„„
7,000
6,978
p. o.)
U Figures are for four
....««
66,330
4,948
3,149
883,000
from the foregoing that
total of gross earnings
587,321 for April 1904,
as
in this
reaching $123,-
against $126,977,098
for
April 1903, the decrease thus amounting to $3,389,777, or 2*67 per cent.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO'S.
—
The public transactions in bank stocks this week include
only two sales— one made at the Stock Exchange of 80 shares
of Mechanics' National Bank stock and one at auction of 18
shares of stock of the Mechanics' Bank of Brooklyn. The
last previous public sale of Mechanics' Bank of Brooklyn
stock was made in October 1902 at 220^; the price paid this
week was 275%.
BAXK.—IftM> Tork.
Share*.
-30 Mechanics' National Bank
Bank —Brooklyn.
18 Mechanics' Bank
Price.
Last previous-
sale.
250
June 1904— 249^
275\
Oct 1902— 220*4
ranged in groups. In that case it appears that only
•Sold at the Stock Exohange.
two groups are able to report improvement in gross
— With the semi-annual dividend of 5 per cent declared
earnings, viz., the Anthraoite Ooal group and the payable July 1, the Mechanics' National Bank of this city has
Juke
THE CHRONICLE.
18, 1904.
increased its yearly dividend rate to 10 per cent, as against
8 per cent paid for many years.
—The Knickerbocker Trnst Company
of this city has de"
clared a semi-annual dividend of 10 per cent and an extra
dividend of 8 per cent, both payable Jane 27. This is an
increase of one per cent in the extra distribution.
—
The State Bank of this city has declared a dividend of
25 percent from the profits of the last six months, payable
July 1. Ten per cent was paid on Jan. 2 1904, making 35
per cent in 1904 against 20 per cent in 1903 and 1902.
—
The Real Estate Trust Co. of New York has declared the
regular semi-annual dividend of 5 per cent, payable July 1,
—Mr. Joseph
P.
Grace was on Thursday
rector of the Lincoln National
Bank
last elected
a
di-
of this city, succeeding
Hon. William JR. Grace, formerly Mayor
York and the head of the house of William R.
his father, the late
of
New
Grace
& Co.
2417
& Casualty
Vice-President of the Fidelity
city,
and Mr.
McEwan
—The Union
Company
of this
an ex-Congressman.
Company
of Albany, N. Y., has entered
of dividend-payers, having just declared an initial
Trust
the list
dividend (quarterly) of one and one-half per cent, or at the
rate of 6 per cent per annum. The company has been in
existence but two years. It has a capital of $250,000.
—Mr.
D. Malone was appointed liquidating agent of the
Packard National Bank of Greenfield, Mass,, at a meeting of
the stockholders on Tuesday. The bank went into receiver's
bands October 1 last, since which date, it is stated, all the
debts, amounting (aside from the capital of $100,000) to $300,000, have been paid in full.
—Former
Vice-President Charles H. Moulton has been
Waltham National Bank of Waltham, Mass. to sucoeed Hamblin L. Hovey. Mr. Henry N.
Fisher replaces Mr. Moulton aa Vice-President.
elected President of the
,
—A membership in the Philadelphia Stock Exchange has
—It is understood that the proposed merger of the Trust been transferred for a consideration of $5,500. This repreCompany of America and the North American Trust Com- sents a decline of $1,500 from the last previous reported sale.
pany of this city mentioned in these columns on May 21st
—The proposed consolidation of the National Bank of Ballast will not be consummated.
timore and the National Union Bank of Maryland, both of
The Trust Company of America has arranged for a reduc- Baltimore, it is understood, will not take place.
tion of its capital stook from $2,500,000 to $1,000,000, this
being equivalent to 60 per cent. It is proposed to return to
the shareholders $1,500,000 in cash upon the surrender of 60
per cent of their holdings. The new capital and surplus will
then be in excess of $4,000,000. A stockholders' meeting has
been called for June 28 to decide upon the proposed reduc-
tion of capital.
—Mr. Frederick Fowler, Cashier of the New York County
National Bank of this city, was recently elected a director of
that institution at a special board meeting. Mr. Fowler
originally entered the banking business down South, serviDg
as joint cashier of the Memphis City Bank and the Savings
Bank & Trust Company of Memphis, Tenn. After occupying a confidential position with the National City Bank of
this city for eight years, he was Cashier of the Fidelity Bank
until 1902, when he assumed his present office.
—The depositors in
the
Federal Bank of this city
Grand Street branch of the failed
have appointed Mr. Alfred L. M.
Bullowa as their counsel.
—
The Bowery Savings Bank of this oity is distributing
quite a little readable matter in the form of pamphlets. One
of these relates solely to the bank, and is well illustrated
with interior views of the institution.
"Wanted— A Man,"
—Mr. John Munhall, Vice-President of the Duquesne
National Bank of Pittsburgh, died on the 10th inst. aged
seventy-one years. Mr. James McKay has been elected as
the new Vice-President, and Mr. James Patterson succeeds
,
Mr. Munhall as director.
—Mr. Henry G. Hetzel has been appointed Secretary and
Treasurer of the Central Savings & Trust Company of Pittsburgh. Mr. Robert D. Barry succeeds to Mr. Hetzel's former position of Assistant Secretary and Treasurer.
—Mr. C.
C. Chase,
who
lately
became Vice-President of the
Third National Bank of Cincinnati, has been elected a director of the bank, Mr. Alexander McDonald resigning from the
board in order to make room for Mr. Chase. It is possible
that the directorate may be increased and Mr. McDonald
re-elected to the board.
— Announcement
is
made
of
the death of Mr, G. L.
Hechler, Vice-President of the Broadway Savings & Trust
Company, and a director in the Woodland Avenue Savings
Trust Company, of Cleveland.
&
—Mr. Charles J. Stedman has
been chosen to succeed Mr.
Stephen R. Burton as Vice-President of the National
Lafayette Bank of Cincinnati. Mr. Burton, as noted in
"a these columns March 19, became President of the bank upon
preachment to men, and especially to young men," and has the death of Mr. William A. Goodman Sr. Mr. W. H.
been written with the object of impressing upon employees Simpson is Mr. Stedman's successor as Cashier.
is
the
title
of
another; this, the
the desirability of putting
first
page
tells us, is
away each week a portion
of one's
—The
Euclid Avenue Trust
Company
of Cleveland has
weekly income. "Banking By Mail" is also treated of in a purchased the building it occupies at 84 and 86 Euclid Avenue
pamphlet which the bank issues. Not one dollar, it is stated, from Receiver Frank H. Ginn of the failed Euclid Avenue
has been lost in this way of transacting business with the Trust & Savings Company.
bank by the thousands who have been for many years using
—The Market Savings Bank Company is the name of a
the mail for this purpose.
new Toledo institution which has been doing business since
The annual meeting of the New York Chapter of the May 2d. The bank was organized on December 16 last, with
American Institute of Bank Clerks was held on the 9th inst., an authorized capital of $100,000. The shares are of a par
when the following officers were elected: President, Mr. J. value of $100 each, 50 per cent of which has been paid in.
A. Neilson of Messrs. Brown Bros. & Co. Vice-Presidents, The officers are Mr. J. T. Smith, President; John J. VollN. D. Ailing of the Nassau Bank and W. I. Day of the Peo- mayer and William C. Adams, Vice-Presidents, and William
ples's Bank; Secretary and Treasurer, E. N. Wilson of the G. Vollmayer, Cashier.
Hanover National Bank; Chief Consul, L. J. Grinin of the
—Mr. Charles F. Adams was on the 7th inst. elected PresiNew York County National Bank, and Secretary to the Board dent of the Second National Bank of Toledo, Ohio, to sucof Consuls, F. W. Knolhoff of the Irving National Bank.
ceed the late George W. Davis. Mr. Adams had previously
—
;
—
The announcement of the withdrawal from business of
Messrs. Street & Norton of this city was made this week.
Mr. E. L. Norton retired from the firm some months ago, the
partnership since consisting of Mr. W. G. Street and H. Joel
Lownes. The continued ill-health of Mr. Street is given as
the reason for the discontinuance of business. The firm was
a member of the New York Stock Exchange.
— A new trust company has been organized
to operate in
West Hoboken, N. J. The concern has been designated the
Highland Trust Company, and the management will consist
of Mr. Thomas McEwan, President; Robert J. Hillas and
George R. Hongh, Vice-Presidents, and Charles Collerd^
Secretary and Treasurer.
The institution will make its
headquarters at 149 Summit Avenue, opening about July 1.
Mr. Hough is the Comptroller of Jersey City, Mr. Hillas
held the office of Cashier.
—The call of the State Auditor of Illinois for statements of
the condition of the State banks corresponds practically with
that of the U. S. Comptroller for national banks, the latter
being at the close of business June 9 and the former before
the beginning of business June 10. The combined deposits
of the Chicago banks, national and State, reach a highwater mark, being $548,878,283. The highest previous total
was $529,822,658 in March last. Every State bank in the
city records a substantial increase over the last previous
call, the greatest being that of the Illinois TruBt & Savings
Bank— $8,300,000. That of the Merchants' Loan & Trust
Company was nearly $8,000,000, its total deposits of $42,565,495 being the highest in the history of that oldest of Chicago
banks. The Federal Trust
Savings Bank reports a deposit
&
THE CHRONICLE.
2418
&
Savings and
gain of $1,250,000 and the American Trnst
the Central Trnst about $500,000 each.
The Chicago National Bank reports the greatest increase in
deposits of all Cbicago banks, over $4,100,000. The First
National gains a half million in deposits, while its adjunct,
&
the First Trnst
Savings Bank, shows $2,250,000 gain. The
deposit increase of the State Bank of Chicago is nearly
$600,000, of the Fort Dearborn National over $500,000 and
Savings Bank over $4C0,000.
of the Western Trust
&
L. Smith, President of the Northern Trnst Company of Chicago, purchased last week for his bank the Bryan
Block and the land upon which it stands, being a tract of
—Byron
190 by 73}f feet on the very best portion of La Salle Street,
in the heart of the financial district. The price paid was
$850,000 cash and the property was at once made over to the
Northern Trust Company. The location is the northwest
[Vol. lxxviii.
instruments. The new officers of the association, elected at
the conclusion of the meeting, are
President, Mr. Charles
B. Hart of Wheeling; Vice-Presidents, A. N. Prichard of
Mannington; Ira E. Robinson of Grafton; M. M. Williamson,
Cashier of the Citizens' National Bank of Charleston; A. C.
Jackson, Vice-President and Cashier of the First National
Bank of Sistersville; J. K, Oney, Cashier of the Huntington
National Bank of Huntington; Secretary and Treasurer (reelected), C. T. Hiteshew, Cashier of the Farmers' &
:
Meohanics' National Bank of Parkersburg.
—The People's Bank
of Shreveport, La., has decided to go
by the Commercial National Bank of that city. The People's was
organized in January of 1903 with a capital of $100,000.
into liquidation, its business being taken over
—Mr.
Reed has been chosen as President of the
Beaumont National Bank of Beaumont. Texas, to succeed
corner of Monroe and La Salle streets, extending along Mr. D. Call, who retires on acoount of ill health.
La Salle to Arcade Court. It is the intention of the bank to
Mr. H. W. Fuelling has been appointed Assistant Cashier
tear down the present block next spring, and erect on the
Whether of the National Bank of St. Joseph of St. Joseph, Mo.
site a magnificent building suitable to its uses.
—The Pioneer Trust Company of Kansas City, whose quarthe structure will be devoted exclusively to the occupancy of
the bank or become a " skyscraper " with a large amount of ters have been in the New England .Building ever since the
office room (like the mammoth new building of the First company began in January 1903, has taken a lease of offices
National Bank of Chicago) has not yet been determined but on the first floor of the D wight Building, corner of Tenth
the improvement will be of much credit to the city and the Street and Baltimore Avenue. The new offices are now being fitted out, and will be in shape for occupancy within a
move a significant one for the street.
Mr. A.nthony W. Margraff, Manager of the foreign ex- few months.
—The second annual meeting of the Arizona Bankers
change department for the past four years of the National
Bank of the Republic, Chicago, and formerly associated Association is slated for November 14 at Tucson.
for a number of
with the Union National
years
—The Mechanics' Savings Bank of San Francisco, which
Bank of Chicago, has resigned his position to accept opened May 2 with a capital of $250,000, on May 25 reported
one of like capacity with the American Express Com- deposits of about $200,000. A strictly savings and loan busipany, with headquarters in Chicago. His new duties begin ness is conducted by the bank, whioh is located at MontgomJuly 1. The foreign exchange business of the express com- ery and Bush streets. Its officers are Mr. James O'B. Gunn>
panies has grown to be of enormous proportions, rivaling President; George D. Gray and George F. Lyon, Vice-Presithat of the largest banks; and there is no doubt that Mr. dent, and Frederick H. Clark, Cashier.
Margraff 's recent book on "International Exchange" was in
—A new San Diego (Cal.) bank is in process of organization
some measure instrumental in his selection for this importthe capital of which is larger than that of any similar instiant post. His assistant for four years in the foreign extution in that city. The name of this latest bank is the
change department of the National Bank of the Republic,
Messrs.
American National and the capital is $250,000.
Mr. Charles W. Dehnert, will be advanced to the position of
Louis J. Wilde, A. H. Frost, U. S. Grant Jr., S. A. Barnap
Manager.
and Henry E. Mills are interested in the movement.
—Mr. Edward Dickinson, Assistant Cashier of the First
National Bank of Chicago, has resigned his office.
He
came to the First National from the Metropolitan National ~Fire Prevention in Massachusetts.—The proposed law
Bank at the time of the merger of the two institutions, with for fire prevention in theatres, described in our article under
that title (May 19, 1904, page 1878), has passed the Massawhich latter bank he had been connected for several years.
chusetts Legislature and will go into effect September 1,
—The Union Stock Yards State Bank of Chicago, referred 1904. As indicated by us, this law provides for periodic into in these columns on April 23, opened for business last
spections and full and public reports upon the risks of fire as
week—nearly a month in advance of the date originally disclosed by suoh inspection. It seems well drawn to preset.
This institution is located at Forty-seventh Street
vent such horrors as the Iroquois Theatre fire and to furnish
and Ashland Avenue, and its capital is $200,000. Mr. R. J.
valuable example for like legislation elsewhere.
T. S.
—
;
—
the President; Mr. W. A. Tilden, Vice-President, and Mr. H. E. Oite the Cashier. Mr. Tilden is also
Cashier of the Drovers' Deposit National Bank of Chicago.
Sohlesinger
—Articles of incorporation have been filed for the Stockyards Bank, of Louisville, Ky. The capital is $100,000 in
shares of $100. The incorporators are Messrs. C. McCandless, Lytle Hudson, C. H. Werlhop, Louis P. Bornwasser,
H. F. Embry, A. Zehnder and B. S. Mattingly.
—The
removal of the Virginia-Carolina Trust Company of
Norfolk, Va., to the quarters oocupied by the Citizens' Bank,
also of that city, and the election of Mr. W. W. Moss,
President of the trnst company to the presidency of the
bank, is looked upon as a confirmation of the report of a
contemplated consolidation of the two.
syndicate friendly
to both institutions was the purchaser of the shares of
Citizens' stock recently sold by the National Bank of Commerce of Norfolk.
A
—For
a
is
the purpose of procuring the enactment of better
banking laws, the West Virginia Bankers' Association has
decided to employ the services of an attorney to represent
the association at the Legislature. This was the decision
reached after a disoussion following the remarks on the
needs of the State Banking Department by Sta^.e Bank Ex-
Rival Societies of Public Accountants to Unite,—
Steps are being taken to bring together the two rival organizations of public accountants in the Empire State. The
American Association of Public Accountants was organized
in 1387 with the intention of its being a
For ten years
it
was the only
national society.
professional guild of public
accountants, and until the different States began to secure
legislation establishing the legal designation of C. P. A., one
association filled all the needs of the situation. But early in
were formed in Illinois, Pennsylvania and New
York, in the order named. The New York society was
oalledthe "New York State Society of Certified Public Accountants," and made no claims to membership outside of
1879 societies
this State.
The old American Association held on to most of its
members in Pennsylvania, Illinois and Massaahusetts, and
added a few in Calfornia and other distant States, but as
these non-resident
members could not attend the meet-
the Association
organization.
ings,
gradually
dwindled into
a State
A
great many accountants are members of both the
Society and the Association, and this duplication of mem-
aminer M. A. Kendall at the convention held June 8 and 9 bership doubles the expense without proportionate benefit.
at Huntington. The bills to be introduced will be for an For some time past efforts to bring the two organizations
amendment to the State bank law, a bill regarding bank together have been put forth; it will now be learned with
taxation and a bill to codify the laws regarding negotiable satisfaction that resolutions have been passed by both the
.
.
June
THE CHRONICLE.
18, 1904.]
Association and the Society authorizing the appointment of
three members to serve on a joint committee to consider the
No announcebest means of attaining the above object.
ment has yet been made as to who are to serve on this joint
committee.
IMPORTS AND EXPORTS FOR MAY.
of Statistics at Washington has issued
the statement of the country's foreign trade for
The Bureau
May, and from it and from previous statements
we have prepared the following interesting sum-
tUerch'dlse. 1
July-Sept491.025
493.477
Oot.-Dec.
3*0.701
Jan. -Men..
109.S65
.
.
.
89,706
Total-
$
$
Export*.
Import*.
1
Extern
1
304.989
417.521
391.072
109.827
1OO.U20
•
445.803
+59.161
467.167+130.354
464.087 +-1U7.M46
87.682 +44.145
79,036
+41.891
909,493 f45s!019 1^344^918 "943.719 f381.199
1.3H7.517
..
Emeu*.
446.054 +45.571
436.6H6 +438,781
464.T67 +118.007
83.519 +46.866
80.472
+ 9,294
.
May
Import*.
tee
-
June
page
13, 1903,
1280.
INTERKST-BEARING DBBT MAY
Title of
Loan-
Inter** t
payable.
Q.— J
:i*. Loan of 1008-1918.. Q.-F.
1907..Q.—
J.
Is, Funded loan,
31,
1904.
Amount Outstanding
Amount
Coupon.
Registered.
issued.
»
$
11.
190203.-
1903-04.—
SI, 1904.
The following statements of the public debt and Treasury
cash holdings of the United States are made np from official
figures issued May 81, 1904. For statement of April. 30, 1904,
tee Chboniclk May 14, 1904, page 1887; that of May 81, 1908,
li
[In the following tablat tbr««olphan(000i) arc In siioaiei omitted. 1
Bxports.
DEBT STATEMENT MAT
2t.
maries.
Pokkign Trade Movbmbnt or the United states.
2419
Zotai
t
9.263.160
t
198,792.660
740.928,160
683.648.800
41,632,760
116,017,800
41576.800
642,1900.950
77..185,360
166,1598,100
Refund'goertifio's.Q.-J. 40,012,760
Loan of 1926. ......Q.—F. 162,316.400
92,180.850
28.800.150
20,120
113,489.900
Coniola Of 1980
642,909,960
86.6C2.f- 00
895,157,430
Agg'te Int.-Bearlng Debt. 1.634,968.910 782.478 210 112.650.1CO
are
Of (10 only refunding; certificates: of $20 loan of 1908 coupon and registered
Of $50 all Issues except 3s of 1908; of $100 all Issues;
Of 1600 all except 5s of 1904 coup.; of $1, 000 all Issues;
Of 15,000 all reglste'd 2s, Ss and Is: of $10,000 all registered bonds;
Of (20,000 reglst. 4s loan of 1907; of (60,000 registered 2s of 1980.
NOTE— Denominations of Bonds
:
DBBT ON WHICH INTBRHST HAS CBASBD 8INCE MATURITY.
May.
Apr. 30
Funded Loan of 1391, oontlnuedat 2 percent, called
(88 200 00
May 18,1900; Interest oeased August 18, 1000
66.46000
funded Loan of 1801. matured September 2 1801..
I,151,20u00
Loan of 1004, matured February 2, 10»4
i.i 56,680 26
Old debt matured prior to Jan. 1, 1861
G«ld an d Geld
In
10.201
4.810
4.888
19.470
43.071
July-Sept.
Oot.-Deo...
J an.- Men..
Ore.
11.719
19.237
-990
-14.262
S.896
-5,761
1.319
+S-59
1.463
+ 13.026
44 214
-7.631
17,685
33,037
44.116
10,290
10,472
-7.484
-30.S17
-17.728
+34.509
14,488
94.170
-14.230
34.513
+788
+8.353
13.063
13.893
11,109
6.483
7.699
4.660
1.668
1.613
+ 6.670
3.883
3,098
6.610
7.374
6.8S4
4.315
1,944
43.037
44.977
+40,110
79.940
+9,180
1
0,720
5.085
4.686
1,705
Silver and Stiver In Ore.
July-Sept..
Oct.- Deo. ..
Jan. -Men..
April
7.403
15.727
13.020
May
We
+ 6.J02
+1
018
+3.154
4.692
4.148
44.113
44.694
<
3.H<8
+ 40.681
subjoin the totals for merchandise, gold and
months since July 1 for six
MlBCHANDI8».
Eleven
Mot. Export*. Imports.
Gold.
Excess
Ex-
Im-
Expert* ports.
$
ports.
f~
$
Excess
Of
Ex-
Exports port*.
~l~ ~
Import*.
Excess
of
Ex-
ports.
$"*"
$"
t~
458019 79.940 94.170 •14,230 45.087 44.977 40.110
943.710 381109 34.68) 44.214 •7,681 44.694 44.118 40.6-41
242 46.482 46429 40,053
830206 46427848.177 47,935
1,324.918
Excess of imports.
GOLD
MlBOHANDISl.
Bseort*. Import*.
Excess
of
Export*
1
t
$
Ex-
Im-
port*.
port*.
$
t
1904. 580,416 446,743 153668 66.929
1903. 604.429 430,745 171684 18.888
1904. 548 956 3*3.2,27 16572fr 19,386
1901 619.079 365.037 454012 44.146
1900. 603 3sl 378.417 444061 44,317
1899 496.624 346687 109K37 6.645
*
1
SILT1B.
Bxc**s
of
Exports
$
Exports.
1
44,878 44,051 41,957
11.208
7,620 15.949
9,101 10.784 19.278
14.66W 11.180 43.8<-5
9.451 45,182
12.896
40.282 •13.6S7 43277
Im-
Excesi
of Ex
port*. portt
t
t
10.983 10.974
7,930 8.019
10.418 8 660
13.201 10.664
13,919 1 1 .238
14 642 10.736
Bxoess of imports.
In these tables of totals, gold and silver in ore for
the years are given under the heads respectively of
all
gold and silver.
The following shows the merchandise balance for
each year back to 1875.
X0B88 OF MERCHANDISE IMFOBTS OB EXPORTS.
11 month* ending Mny 31—
5 months ending May 31—
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1898
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
CiatsijUatlon of Debt—
Interest-bearing debt
Debt, interest ceased
Debt bearing no Interest..
May.
81, 1004.
$
806,157,430 00
2.100.060 28
391.S21.7e0 38
Imports.fl4.418, 184
ErportB. 67.588,994
Exports.155,877,779
Exports. 246.585,62*
Exports.258,457,036
Exports. 166,0r:6,171
Exports.255,188,248
Exports. 87,614,366
Exports.111,099.099
Exports. 71,638,658
Exports. 165,192,058
Exports. 42,393,388
Exports. 37,137,957
Imports. 9,709,071
Exports. 10,211,843
Exports. 90,841,867
Exports. 55,432,105
Exports. 21 0,003,917
Imports. 14,487,753
Exports.237,908,516
Exports. 82,262,414
Exports. 92,340,133
Exports.298,253,131
....Exports.571,719,184
Exports. 495, 237,895
Exports.49r!,891,308
Exports.630,223,220
Exports.462,273.024
Exports.381,199,373
Exports.458,019,076
:
1875
1876
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
1903
1904
1904
Inc. or Dec
(
$
(10 00
805.157.440 00 Deo.
237 530 00
2.847 480 26 Deo.
8y2,263,8i.6 63 Deo.
046,667 26
Apr.
30,
1,288.589,149 84 1,289.773.246 8^ Deo. 1,184,097 25
Total gross debt
Cash balance In Treasury*. 813,'<87.615 82
870,919,188 84 Dec 57,631,672 52
976,801.683 88
The foregoing
figures
~018.851.C58 55
Ino. 56.447,676 27
show a gross debt on May
31, 19C4,
and a net debt (gross debt less net cash
Treasury) of $975,801,633 82.
of $1,988,589,149 64
Treasury Gash and Demand Liabilities.— The cash
holdings of the Government as the items stood May 31 we
have prepared from the Treasury statement of that date,
A88ITB.
Irutt
Fund Holding*—
$4 C 0,B74.869OO
471.862,060 00
Saver dollars
8,03E>,814 00
Silver dollars of 1890.. . .
5.4 17,158 00
Silver bullion of 1890.
Total trust funds
$975,109,869 ucj
Gold coin
Similar totals for the five months since January
for six years make the following exhibit.
Fire
Mot.
RECAPITULATION.
in the
1,367.617 1109.198
1.392.479
(861,321769 88
Includlng$160,000,000 reserve fund.
SlLVBK.
1,984,091 734.708 63022^:47,810 64.790 •14.95( 39.710 34.462 43 264
•071 51.624 30.357 41.167
99-00 L.285.S81 788.940 49089140.173 40,4t
98-99 1.180.629 N33.H91 495238 16.614 83.»-40 •69,236 34.476 48."«0 43096
•
I
Aggregateof debt bearlngno Interest
Totajlnetdebt
years.
(2,109 950 28
Onlted States notes
(848.681,016 00
Old demand notes
63,847 60
37,717,(66 00
National bank notes— Redemption account
Fraottona ourrenoy, less (3.375,984 estlm'd as lost or destroyed
6,869,810 88
+ 1.034
+535
(2 347.480 28
DBBT BBARINO NO INTBUBST.
+ 6,419
silver for the eleven
03-04
04-03
01-04
00-01
Debt on whioh Interest has oeased
81.
$88,200 00
66,150 00
911.8f0 00
1,066,9(080
.
LIABILITIES.
Trutt
Fund Liabilities—
Gold certificates
$489.974 869 00
47 1,662.000 00
notes of 1890.. 13,478.000 00
Silver certificates
Treasury
. .
General Fund Holding*—
Gold ooln and bullion.. . $28.251 .460 98
8W.310.940 00
Gold certificates
811ver certificates7,606 174 00
A
Sllverdollars
15,1 4,683 00
311 ver bullion
1.884,748 51
0,876 636 CO
United States notes
08.578 00
Treasury notes of 1800..
National banknotes.... 14,867.58100
Fractional sllvercoln... 12.C3i.8S0 79
*03 63
Fractional currency....
811.80.; 2i
Minor ooin
88,907 25
Bonds and Interest pai d
Tot. in8ub-Treasuries.(l2-V?C6 421 35
In Nat. Bank DepositariesCredit Treasurer of U.S.$ 08.849.757 45
7.fl83.3«o 33
Credit U.S.dlsb.offlcer a
$1 M.6i8.l8-t 78
Total in banks
In Treas. of Philippine lsids.Credit Treasurer of U 8. $<i,355,886 88
8,763 ,3 36 34
Credit U. S. dish, officer s.
Total in Philippines.. (5,119.271 70
Reserve Fund Holdings—
Gold ooln and bullion. (160/ OO.OOO 00
Grand total
$i,a73,468,6«u 38
.
Total trust liablUtles..$975,li9 889 00
Oen. Funi Liabilities—
National bank 6 per cent
fund
$15,420.336 88
Outstanding checks and
9,507,809 34
drafts
Disbursing officers' bal-
ances
52,176,29821
Post Office Department
6,fl07.702 84
acoount
1.360.570 10
Miscellaneous Item*,
Total gen. liabilities... (86,07 i.aoo 01
Oath Balance & Reserve—
Total cash and reserve. .$313,287,515 88
Made up of—
Available
$le3,287,516 88
and
Reserve Fund
Gold & bull.$150.000.0 00 00
Grand
total
$1,373,46^,680 83
ImportB.1016,650,671
Experts. 37,959,298
Exports. 42,622,098
Exports.144.625, 925
Exports.108. 831,981
Exports
19,545,753
Exports. 93.470,486
Imports. 27,825,347
Exports. 66,523, 6i0
Exports. 9.578,677
Exports 56,143.326
Imports. 2,674,044
Imports. 13,815,613
Imports. 43,281,764
«... Imports. 17,713,636
Exports. 3,602,229
Exports. 2,60\920
Exports. 54,563.643
Imports. 64,552,046
Exports. 60.402,775
Exports. 1,959,179
Exports. 64,414.309
Exports. 48,951 866
Exports.251,567,267
Exports.169.936,836
Exports.224,964,501
Export8.264,041,91b
Exports.165,728,592
Exports.171,684,331
Exports.153,667,720
l
From oar own correspondent
London, Saturday, Jane 4, 1904.
At the beginning of the week there was very active buying
on French account in London of British Government securities of all kinds— Transvaal loan, Argentine and Brazilian
securities, and some other.
But the buying ceased almost as
quickly as it began, and for the last conple of days markets
have been very inactive. In Paris the supply of unemployed
money is increasing at a most extraordinary rate. During
the past five weeks the increase of gold alone in the Bank of
France has exceeded 13>£ millions sterling, and more gold is
going in. The great banks in Paris find it difficult to employ their enormous deposits.
They have been lending very large amounts in London ever
since the South African war began. But quite recently they
THE CHRONICLE.
2420
have not cared to increase those balances because there was
a fear that a Russian disaster upon land might alarm French
holders of Russian securities, and that therefore it behooved the banks to keep themselves very strong. Now,
however, the fear is very nearly dissipated. The whole 32
millions sterling asked for by Russia has been taken by the
banking syndicate and sold by it to its customers. The new
notes are at a premium compared with the issue price. Indeed, they are almost at the nominal par; and last week at
From which it is inthe Settlement they were scarce.
ferred that the "bears" are likely to be caught. As it has
been found possible to place so vast a sum during war, and
as the notes actually rose immediately after the storming of
Kin Chau, it is universally acknowledged now that the fear
of a scare
amongst the holders of Russian bonds may be
dis-
the strength of this the buying in London began.
On Thursday and Friday, however, Paris stopped purchasing, and even in Paris itself there was lees activity than be-
missed.
the French market is hoping that when
Port Arthur falls the Russian Government will see that it is
useless to continue the struggle, and that, therefore, peace will
be made. Whatever would favor the taking of Port Arthur
would, in the opinion of French operators, be likely
to hasten on the end of the war. The general impression in
It looks
now
as
if
Paris is that however the war may go, French buying will
soon begin again. The accumulation of money is so vast
that the banks must find use for it in some way or other. At
home they cannot employ it fully, and consequently they
will
Circulation
Pabllo deposits.
Otser deposits
aorernmentseonrlties
Other securities....
Mserveof notei sndeoln
OoinAballlon. both departm'tg
Prop, reserreto liabilities, p.o.
Sank rate
have to employ
it
in
June
3.
M
22,HS-9,^S1
82.847.401
46 6-16
49?<i
eo^xd
8K
ei^xd
85«a.
24)<d.
8
209.C39.uuO
247,297,000
June
4.
8.
*
29,728.540
6,170,138
41,760,357
14,168,042
26.976.087
24,686,688
36,638,228
29.622.155
8,898,676
40,446,678
14,208,885
28,180.088
24.808,701
86,660,666
60Hi
g9.E01.685
7.426,683
41.276.091
14,790.606
27,608,544
24,224.710
85,361.404
88,707,670
8,401,211
40,241,442
16.60S.4C6
27.288.0S9
peroent.
Oonjoii.aM per cent
BHrer
Clsurlne-House return
June
*
1.
1941
1008.
1908.
1904.
June
M
616-16
„»6-16
JX
»s*
06
24 l-16d.
803,120.000
277-16d.
215,207,0X0
Therates f or money have been as follows:
«5
Interett allow**
/or deposit »b»
Oven Market Batet
Lendcn. w
Sank
-*
s
a
3 Monthi.
6 8
2H®2
"
18 3
8@2
"
20 3
1 15-lfl@2
1
•'
27 3
3 3
1
15-16@2
2 1-16
1
S-16
1-16
SMoi.
4
Joint Die' tH'i.
Stock At 7-14
Mot, Bank* Call Date
8X®«& 2H&2H
2X »X@2X
2*
BM
»4 2X®2$4
2^02 s-ie 2H38V4 2«@2M
2%
8M
2H&2H
2Q2H
May
Jane
IradtBUU.
Siltt,
Monthe. 6 Monthi
4
16-16@2
16-16®2
m
9 1-16
IX
IX
IX
IX
IX
IX
ix
ix
IX
ix
IX
IX
IX
1*
IX
The Bank rate of discount and open market rates atth*
have been as follows:
chief Coutinentaloities
June
May
4,
May
28.
May
21.
14.
Rate tor
Intereetat
Bank
Open
Bank
Open
Bate. Market Bate. Marke
3
4
4
4
London.
At the present time, the feeling both in London and in
Paris is that money will be very abundant and cheap in London for several monthB to come, firstly, because a great deal
of French money will have to be sent over here for employ-
Lxxvm.
The following return shows the position of the Bank of
England, the Bank rate of discount, theprioe of oonsols, Ac.
compared with the last three years:
On
fore.
[Vol.
3X
3
8t.
8X
5X
4X
4X
Petersburg..
Madrid
Copenhagen.
..
2X
2X
2X
8X
2X
i%
3
4
3
3X
BM
2 6-16
3
3
a 6-16
Open
3
2 5-18
4
8
4
3
3
3
4
4
8
4
8X
3
sx
2X
sx
3
2X
3
4
m
3X
6X
4X
4X
nom.
4X
4X
4
Bank
4
3
4
Open
sx
sx
sx
3X
nom.
Bank
Bate. Market Bate. Market
4
4
m
nom.
4
4
4
3X
2X
8X
noa.
3X
BM
•X
4X
4
4
ment; secondly, because it is understood that a large part of
Messrs. Pixley & Abell write as follows under date of
the loan to Japan will be spent in this country, and, thirdly,
June 2, 1904:
because it is believed that a considerable portion of the new
Gold— The large 8oath African arrivals have all been taken for
French loan to Russia will also be sent over here. In addition Parle, but the price Is again lower on the gradual rise in the exchange. We hear of farther shipments of gold from New York to
to that it is to be observed that it does not now pay to send Paris, the figures of the Bank of France showing a reserve last week
gold from Australia to India, and consequently it is assumed of £109,600,000. The Bank has reoelved £113.000, mostly from
Egypt. No withdrawals are reported. Arrivals: South \t rica, £634,that the metal will come direct to London. It is argued that 000; West Africa, £28,000; Australia, £24,000; West Indies, £34,000;
total, £707,000. Shipments: Bombay, £51,100; Colombo, £2,500;
it is not likely to go to the United States, since the United
Galoutta, £3,300; total. £56,900.
Silver— The market has been a disappointing one. India has sent
States is sending gold to Europe. And it is presumed that it
some good orders, and there have been one or two speoial orders as
will not go to France, for the superabundance of money in well, but supplies have been plentiful, and with realizations by weak
given way ied. on the week. We close steady
France is already making it extremely difficult to employ holders the market has
at 257, 6 d. cash and 25' lt4 d. forward. The Indian ourrenoy reserves
the money profitably. In addition to this, everybody is now are half a orore higher at 10 orores. The Indian prloe is Rs. 64%. Ar"
assured that the war will continue localized. And, lastly,
the victories of Japan are removing fears that when negotiations began trouble might arise, Russia had declared so
explicitly that she would not enter a congress called to question her settlement with Japan. Now, however, that everybody expects Japan to win, it is not thought that Russia will
take the same view. She may, on the contrary, be glad of a
congress which might modify in her favor terms dictated by
Japan.
For these and other reasons, it is generally believed here
that we are about to see an improvement on the Stock Exchange, though it is hoped by the more far-seeing and the
more prudent that there will be no wild speculation.
Money has been in unexpectedly good demand during the
New
rivals:
York, £141,000; Australia, £6.000; West Indies,
total, £149,000. Shipments: Bombay, £116,500.
£2,000;
Mexican Dollars—There is no business to report In dollars, and they
remain nominally at about the same prloe as cash silver.
The quotations for bullion are reported as follows:
Gold.
London Standard
June
May
2.
26.
.
d.
I.
Bar gold, fine. ...oz
U.S. gold ooin...oz
Germ'n gold ooln.oz
Frenoh gold ooin.os
Japanese yen....oi
7710X
76
76
76
76
"Nominal.
5
5
6
5
*.
Silver.
London Standard
d.
June May
2.
26.
d.
d.
Bar silver, fine. ..oz 257 16 35%
76 5X Do S mo. delivery 2B5 la 260s
*76 5X Bar silver, contaln'g
*76 5X do 5 grs.gold.oz. 2515i 6 26i4
•76 5 1!
do 4gre.gold.os 28% 26i,«
do 3 grs.gold.oz 259,« 25*8
oz. 277 16 27%
Oake silver
Mexican dollars. .oz 2538 25%*
77 10%
week.
The following shows the imports of oereal produce into
the United Kingdom daring the thirty-nine weeks of the
season compared with previous seasons:
temporary scarcity caused by this ends with the last day of
the month. This week, however, it continued for a couple
of days longer, chiefly because the first instalment on the
Japanese loan bas been paid into the Bank of England. It
seems that money lodged in the Bank of England to the
credit of the Japanese Government is reckoned as part of the
1903-4.
1902-3.
1901-2.
1900-01.
Istp'ts Of Wheat, OWt.67,808.869 89.867.482 51,076,495 51,675,200
Barley
„.. ....26,453,968 21,239,176 18,815,430 16,775,900
Oats
11,687,263 11,115,712 13,080,509 16,061,900
Peas
1,810,940
1,522,407
1,575,987
1,974,130
1,766,698
Beans
1,258,273
1,388,662
1,266,540
36,681,415 29,819,208 84,010,328 40,539,600
Indian corn
,......1fl,0»7,05ft 14,545,607 15,242,156 16,978,700
flonr
The joint-stock banks are in the habit of calling in
loans at the end of each month to make it appear that they
keep larger balances than they really do. But usually the
gold reserve of Japan.
Consequently, the
Yokohama
Specie
Bank, which was one of the three banks which brought out
the loan here, received instructions from Japan to pay the
first instalment immediately into the Bank of England.
It
does not follow, of course, that the other instalments will be
paid in immediately also. If the money is retained here and
is ultimately spent either in paying the interest upon the
Japanese debt or In paying for purchases made here, the
money will remain in the country and will not long affect
rates.
The Indian Council offered for tender on Wednesday 60
lacs of its drafts and the applications exceeded 250 lacs at
prices ranging from Is. 8 81-82d. to Is. 4 l-82d. per rupee.
Applicants for bills at Is. 4d. were allotted about 76 per cent
of the amounts applied for. Next week the amount offered
for tender will be reduced to 50 lacs.
IMPORTS.
Supplies available for consumption (exolusive of stock
on September 1):
1903-4.
1902-3.
1901-2.
1900-1.
Wheatlmported.cwt. 67,308,869 59,867,482 51,076,495 51,675,200
imports Of flonr
16,087,055 14,645,607 15,242,156 16.972,700
salesofhome-grown. 15, 165,028 20,064,570 20,897,059 20,168,216
Total.
98,560,952 94,477,659 87,215,710
9d.
27s. 8d.
31s. 6(1.
2d.
27s. 5d.
25s. 9d.
.
ivsr. prloe wheat, wees. 26e.
tverage prloe, season. 87s.
88,816,116
27s.
37s.
7d.
Id.
The following shows the quantities of wheat, flour and
ualze afloat to the United Kingdom:
Thitwtek.
Wheat
are...
rionr, equal to are...
*aise..... ...... qrs...
Laetwee/c.
4. 115,000
175,000
465,000
415,000
4,115,000
185,000
1902-3.
1,914,000
301,000
555,000
1901-2.
8,820,000
310,000
855,000
4
.
.
.
June
THE CHRONICLE.
18, 1904. J
2421
English Financial markets— Per Cakle.
Toe destination of these exports for the week and since
The dally closing quotation! for securities, etc, at London July 1, 1908, is as below:
-.Flour.
Wh*at.
-Corn,are reported by oable as follows for the week ending Jnne 17:
,
Wt*k Bine* July
Extort* tor
LONDON.
Sat
liver, per ounce
Jfon.
250b
90^6
90*4
a.
Consols., new, 24 p.ots.
For soooun t
25^18
25%
90%
90%
90%
90%
90%
9812% 9817% 97-50
85%
85%
85%
3%
3%
30a
74
72%
73%
96%
96%
96%
82%
81%
813s
94
98%
93 >a
121% 122% 122%
32%
31%
31%
90i«
9a oo
3»8
* Santa Fe..
atoh.Top.
Pre! erred.....
96%
.
Do
93
12178
32
14
31i«
18%
14
116%
146
I46ia
145%
Gr.,oom....
do Preferred.
20
21
72
24 78
60%
21
72
24 Sa
60
87
86
133%
133%
111%
A Bio
71%
24%
6058
Sd preferred.... ...... 36i«
1334:
Dilnols Central
Louisville A Nashville.. 112
1st preferred .........
112
7%
Mexican Central
ifo. Kan. A Tex., com ..
7%
.
Phlla. * Bead
Phlla. A Bead.,1 st pref
Fblla. Read.,Sd pref
Southern Paolflo
A
—
outn'n Railway, oom
Pref erred
Preferred
U.S. Steel Corp., com..
pref..
Do
do
7%
7%
60
35
37
37%
118%
118%
26%
87%
119%
17%
87
37
38
87
119
118%
25%
57%
2669
57%
90%
90
36
16%
37
102
90
90
101%
101%
59%
24%
5878
24%
2438
23%
59%
24%
41%
334
42
42
42
42
42
83ia
485a
33%
95
95
83%
46%
21%
86%
85%
94%
33%
21%
86%
87%
33%
49%
21%
87%
89%
48
21^
86%
88
95
9i«
9%
66%
164
555a
9%
591*
59
47
21%
87
90%
94%
9%
95s
96s
55%
16%
35%
59%
56%
16%
55%
16%
35%
59%
17
36
60
35 7e
59%
36
59%
Total
56
16%
36
60%
bu*h.
bbl*.
9,156,484
7S5.592
88,010
2,0i)0,869
869.266
683,109
430.839
112.610 11,090,762
266,763 16.810,161
59,318,543
2,587.847 117,739,211
nitirui-
Wheat.
riouT.
Corn.
Barley.
Oatt.
By*.
.
. .
Tot. wk. 1804
243,859
1,826,460
5,323,129
Same wk. '03.
Same wk. '02.
817,566
357,189
2,000.451
2,122.897
2.751.78&
505,869,
3,170.035
8,027,790
2,853.162
2,625,897
609.093
151,931
17,222,048 204,880,476 152,469,482 144.185,767
18,029,017 230,431,694 143,240,866 167.489.601
18.717.017 212.147.617 114,085,755 126,502,802
./»««»,
tork.. ......._.
Boston
Montreal
..,
...«_
Pkiiadeipkia... ......
Baltimore
....
Blekmond..
New Orleans
Hswport News.......
Portland,
Me
bbl*
102,503
26,406
41,718
29,533
21,291
8,880
9.677
6,636
864.000
180.713
856.981
1,000
6.442
17.031
656
72,000
-...
ku»».
o»r%,
Oat*.
0tt»k.
46,225
68,244
itll»
107,999
98,883
18.291
71,760
76,000
Total week... ^^ 349,860 1,850,178
44,064
ports for
Oorn,
busk.
kttlS.
Do
664,000
afloat...
•IMA.
363,100
60.183
25,980
68.785
36,520
28.S20
16,000
7.200
'"8.864
8,616
Philadelphia
Baltimore
New Orleans
„^.
mivsston
16,061
3,618
•
Hour-
Dbll.
7.867.846
9,395,587
9,078,306
Wheat
bust.
"
19.772,010
28,299,396
18.4V8.623
i.7io.4«8
606,253
48.980,579
57,682,035
21,113,120
2,061.348
2,697,108
47,479,772
9,583,466
19,717,778
1,423.184
1,»08,696
67,198,785
77,675,398
40,291.186
2,850.486
1,725,874
"
68.785.750
180.464,190
79,611,795
180.041,707
"
"
Oorn
OatS
Barley
'•
ays..
Tot al a rain
9.898.894
The exports from the several seaboard ports for the week
ending June 11, 1904, are shown in the annexed statement:
Wheat,
Mxyortt from—
Mew York
Boston
rortland. Me.
Pklladslpkla
Baltimore
few Orleans
Gsm,
Flour.
kuifc.
kusk.
bbls.
64,083
120.687
72,000
36,690
17,000
54.981
7,625
Oat*.
Oatt.
buth.
51,916
51,915
7,906
7.906
•
'42.500
'ri',939
716
"8.136
•••••as
Mobile.....
1,786
Total WS«k.. 878,672
Sam* time '03.. 2,517, 847
121,605
931,680
3,571
18,708
aewVrtJNsws
696,708
20,000
Pi«i
Ui*
•«•»
•
By*.
Bye,
buth.
•
USA.
••
•
Barley,
>'"-.„
5,850
• • *
656
13,500
8,850
3,229
6,635
80,183
Montreal
Sairsston
23.000
••••••«
"2.606
'oo.'om
28'2,b66
829,000
804,'o'eb
876,000
"s'.boo
08,000
"2,000
54,061
"8,606
1,487,000
i,i76.6b"6
740,ob't
452,000
72,000
298,000
163,000'
372,000
'"2.066
iiijem
9.000
637i6o6
ib'.boo
163.060
11,006
271.000
853,00 U
33,000
"l'e.bob
478,000
16.000
333,000
88,000
109,000
" 8.006
••••••••
164,000
16,000
871.000
111,000
81,000
159,000
6.378,000
883,000
1,618.000
*28',6b0
afloat
afloat
afloat
«ilwaakss
«float
rort William
Port Artkur
1.971,030
1,117,009
1,685.000
Dnluth
Do
•••••••a
154,009
afloat
ilsago
Oo
228,000
178.00'6
Detroit
Do
149,000
184,008
113,600
804.090
6.000
856,000
Toledo
Do
687,000
37.000
76,000
70.000
67.000
364,000
luflalo
do
Harley
Jlvs,
•us*.
404,000
86.000
688,000
lontreal
•oronto
00
Oats,
129,000
66,000
8.0US
74.Q0C
12,000
167,000
afloat
dinneapolls
tt.Lonll
afloat.......
_ Do
SsnsasOlty
Total Jane
7,523,eJi<
222,(00
••"•..
123,ooo
Peoria
ladlanapolls
)n Mississippi Blvsr
)aLakes
sanaland
*
1,000
68.000
1,624.000
136,000
898,000
11. 1904... 18.475,000
4,653.000
rlTsr.
. .
'7,000
15,000
1
112,540
265,753
,..,....
........
••••••••
80
........
182,984
132,203
........
282,071
0/
Per
Company.
'ib'.ibb
••••••••
18.806
44,310
5,860
24,190
When
Railroad* (Ntsam).
Ashland Coal <fe Iron Ey
Bald Eagle Valley
Conoord & Montreal, all olasses
Delaware Elver EE. <fe Bridge
Southwestern of Georgia
Texas Central, 00m. and pref
Street Hallways.
Boston & Worcester Elec. Co's,
J'ne 20 Holders of reo. J'ne 15
1
Aug
5
(qu.)..
1
1 Holders of reo. J'ne 1
J'ne 27 Holders of reo. J'ne 14
J'ly
l! Holders of reo. J'ne 1
J'ly 15 Holders of reo. J'ne 30
1
4 J'ly 29 Holders of reo. J'ne 80
J'ly 29 Holders of reo. J'ne 30
2
to
J'ly 16
2h J'ly 16 J'ly 1
1"« J'ly 16 Holders of reo. J'ne 20
[Holders
of
reo.
J'ly
J'ne
1
15
2
Holders of reo. J'ne 80
4 J'ly
J'ne 21
to
J'ly 1
2 J'ly
Holders of reo. J'ne 25
2 J'ly
Sep
2
J'ne 17
to
J'ly 5
2>s J'ly
to
2>* J'ly 15 J'ly 6
J'ly 15
1*
J'ly
2
Fltchburg, pref. (qaar.)
Lake Erie & Western, pre*
Lake 81iore & Mich. Southern
Michigan Central
Minneapolis <S> St. Louts, pref
......
N. T. Cent. A Hudson Elver (quar.)...
N. Y. N. H. & Hartford (quar.)
Northern Central
Oregon EE. & Navigation, pref
Philadelphia & Erie, 00m
Reading, 1st pref
pref...
Detroit United (quar.)
1
1-
2
1
J'ly
1
Aug
1
Frankford & South wark Pass., Phlla.. $4 50 J'ly
Metropolitan St. Ey. (N. Y.) (quar.)...
1«4 J'ly
Beading (Pa ) Traotlon
75c J'ly
Washington Water P., Spokane
Banks.
(qu.)..
Mechanics' National
Mercantile National
1
6
2
J'ly
J'ly
J'ly
J'ly
S
6
6
J'ne
J'ne
8 J'ne
5 J'ne
5 J'ne
8 J'ne
6 J'ne
3>« J'ne
J'ly
6
3
Knickerbocker
do
(extra)
10
...
..
.
Morton (quar.)
North Amerioan
1
6
24
Trust Companies.
America, Trust Co. of (quar.)
Bowling Green
Central Eealty Bond & Trust
J'ly
2
of reo. J'ne
25
1
1
J'ly
J'ly
J'ly
J'ly
J'ly
Holders
15 J'ne 25
l>s J'ly
4
25
State
Stuyvesant, Brooklyn
West Side
Mercantile (quar.)
do
(extra)
Metropolitan
.
Books Cloitd.
(Day* Inclusive.)
Cent Payable
Eeal Estate
Williamsburg, B'klyn (quar.)
Mlse*llaneosa-
69.518 288,808
954,366
Week 1903,
1,612,870 1,283,988
»»•• »«-« 856.640
Total reoeipti at porti from Jan. i to June 11 compare as
follows for four years:
1901.
1901.
1902.
AMiStll/1S03
•
66,031,036
67,913,859
...
,~.
Colonial
Franklin, Brooklyn (quar.)
.Bard,,,
689,338
485,087
64,480
83.498
63,001,468 7,841.766
53,890,965 9,660,608
89.991,906' 4.926,581
The receipts of flour and grain at the seaboard
the week ended June 11, 1904, follow:
Wow
121,605
984.6 SO
873,6 79
Wheat,
(SwTork
Boston
Name
Bbli.l96Zb» Bush.aoibt Buth.Wlbt Buth.32lb> Butfc.48 lbs Bu.56 16j
114.866
280,643
3,662,615
1.151,100
224.283
29,000
87.825
11 wmikee
92,400
69,330
282,300
10,400
179,650
24,800
152,998
13,192
3,916
68)
831.680
Minneapolis.
59,750
312,20.
67,990
16.800
273.000
23,500
151,000
2,600
36,121
77,601
6,000
105,776
Cleveland
7.466
268,163
11,608
116,970
494,450
St. Louis....
197,352
1.800
27,020
344.250
8,000
13.800
258,200
8,200
7,050
211,400
21,600
Kansas City.
260,200
171,000
87.600
........
1901-1903
buth.
25,661.004
86,636,938
553
230,958
87,866
903,808
168,584
'
ii'6
1,428.741
The visible supply of grain, comprising the stocks in
,ranary at the principal points of accumulation at lake and
•aboard ports, June 11, 1804, was as follows:
—
1902-1908.....
buth.
59,000
23,571
DIVIDENDS.
Breadstuff* Figures Brought from Page 2452.
The
statements below are prepared by ns from figures collected
by the New York Produce Exchange, The receipts at
Western lake and river ports for the week ending June 11
and since Aug. 1, for each of the last three years have been:
8ince Aug. 1.
1008-1904
W*»k Binee July
June 11.
1. 1903.
11,531
©jommjercial atxd ^xsctllmicoxxs^txxrs
M
1908.
buth.
39.039.104
18,977.029
1,
1,026
Prloe per share.
BeeeipU at—
Bin** July
1.2a6,714
191.880
tksr sonatrlss
Total 1908-08....
Wte*
June 11
1008.
1,
lar.uoi
Indies
ir. H.Am. Colo's
26%
57%
24 «8
95
«...
7%
36%
864
87%
Union Paolflo
71%
24%
«0%
24%
17
87
sit
21
133%
112%
36%
101%
146%
16.703
16,901
23,826
Jontir.ont
1.* C. America.
32
14
133%
111%
36
37
90
3%
73%
96%
82%
93%
123%
24%
60%
36%
133%
112%
7%
101
97 50
72
17
48ia
21i«
.
21
72
17
25%
57%
90T 16
13%
145%
20%
16i«
R a t RR. of Mex. ,1 st pr f
of. Y. Cent'l A Hudson.. 1184
255g
IT. T. Ontario A West'n
66%
Norfolk A Western
Do
do
pref. 90
101
Northern Securities
Pennsylvania .......... 59^
*
14
St. Paul...
Ohio. Mil.
Den.
82is
82
93
122
Canadian Paolflo. ......
Chesapeake A Ohio
Onloa. Great Western..
&
35s
73%
96%
73
255a
905„
90
85%
Anaconda Mining
Fri.
25%
25»s
90
VT'chrenteaUnParlsUr. 9790
Thun.
Wed.
Tue$.
with and tins* June 11,
July 1 to—
bbl:
11.180
Jnltsd Kingdom
1
1
1
1
Holders
Holders
J'ne
J'ne
J'ne
J'ne
J'ne
17
20
11
16
17
to
J'ly 15
of reo. J'ne 18
of reo. J'ne 20
to
to
to
to
to
1 J'ne 19
16 J'ly S
1 J'ne 21
1 J'ne 21
30 J'ne 25
27 J'ne 21
27 J'ne 21
30 J'ne 26
30 J'ne 25
30 J'ne 24
30 J'ne 28
30 J'ne 21
1 J'ne 23
1
to
to
to
to
to
to
to
to
to
to
to
to
to
Holders of reo
J'ne 80
J'ly
1
J'ne 80
J'ne 28
J'ly
1
J'ne 30
J'ly 16
J'ly 1
J'ly 1
J'ne 80
J'ne 27
J'ne 37
J'ne 30
J'ne SO
J'ne 30
J'ne 30
J'ne 30
J'ne 80
J'ne 18
Amerloan Bank Note (quar.)
to
J'ne 30
$1 J'ne 80 J'ne 12
Amer. Iron <fe Steel Mfg., pref. (quar.). 14 J'ly
1 Holders of reo. J'ne 23*
Amerioan 8crew
J'ne 30 J'ne 21
to
J'nejSO
1
Amerioan Shipbuilding, pref. (quar.).. 1*4 J'ly 15
Amerioan Telep. <fe Teleg. (quar.)...... 1H J'ly 16 J'ly 1
to
J'ly 14
do
do
(extra)
(quar.)
4 J'ly
Amerioan Type Founders, 00m.
l'
do
do
pref. (quar.)
Central Coal
Coke, 00m. (quar.)
do
do
pref. (quar.)....
Dupont Internat. Powder, pref. (qu.)
Elec. Storage Battery, oom. <fe pf. (qu.)
Internat. Smoke. P. A Chem.,oom.(qn.)
International Steam Pump, oom. (qu.)
do
do
do
pref. (qu.)
Knickerbocker ice, Chicago, pref
Mackay Companies, pref. (quar.)
Mergenthaler Linotype (quar.)
N. Y. Air Brake (quar.)
Old Dominion Steamship
1"4 J'ly
l>a J'ly
<fi>
Otis Elevator, pref. (quar.)
Sloss-Shelneld Steel <S> Iron, pf. (qu.)..
Southern New Eng. Telep. (quar.)
Standard Coupler, pref
Standard Gas Light, N. Y., com. <& pf.
Torrington Co., pref
Union Ferry (quar.)
United Fruit (quar.)
Virginia- Carolina Chem., pref. (quar.).
Westinghouse Air-brake (quar.)
do
do
(extra)
"Transfer books not closed,
t
J'ly
14
14
14
J'ly
J'ly
J'ly
»4 J'ly
J'ly
1
14 Aug
8
1
24
2
3
J'ly
J'ly
J'ly
J'ly
1»« J'ly
14 J'ly
3
24
24
Correction.
9
1
15
1
16
reo. Aug
to
J'ly
J'ly 1
to
J'ly
J'ne 19
to
J'ne
J'ly 1
to
J'ly
J'ne 21
to
J'ne
Holders of reo. J'ne
J'ne 22
to
J'ly
Holders of reo. J'ne
Holders of
J'ne 19
J'ne 30 J'ne
J'ne 30 J'ne
1 J'ne
1 J'ne
34 Jly
4 J'ly
2
2
1
1
J'ne 30
J'ly 15
14
4
J'ly 14
15 J'ly 1
to
15 Holders of reo. J'ly 11
16 Holders of reo. J'ly 11
to
J'ly 15
15 J'ly 1
J'ly 16
15 J'ly 1
to
1 Holders of reo. J'ne 20
to
J'ne 30
1 J'ne 26
1 Holders of reo. J'ne 20
1 J'ne 21
to
J'ly 1
J'ly
J'ly
J'ly
J'ly
19
21
19
21
to
to
to
to
16 Holders of reo.
to
15 J'ly 1
11 tJ'ly 1
to
11 *J'ly 1
to
1
1
10
30
14
30
30
1
30
J'ne 80
J'ne 30
J'ne 80
J'ly
1
J'ne 30
J'ly 20
J'ly 11
J'ly 11
5
»
<
:
)
THE CHRONICLE
2422
GOVERNMENT KEVENUE AND EXPENDITURES.— Through the
oourtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and
disbursements for the month of May.
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for
the eleven months of the fiscal years 1903 04 and 1902-08. For
statement of May, 1908, see Chronicle June 13, 1903,
page
„
1283.
RECEIPTS AND DISBDB8EMHNTB (000 omitted.
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toss
o
cs
woiioosxet
x
of,
and
Deposited
in
Circulation Afloat Under
Legal-
Bonds.
Legal-
Bonds.
tenders.
Total.
ten itrs.
9
31..
Apr. 30..
Mar.
31..
Feb. 29..
Jan. 31..
Deo. 31
Nov.
30..
Oct
31..
Sept
30..
Aug.
July
31..
June
30..
31..
410,572,640
399,795,140
398,034,650
392,671,550
390,231,600
389,335,680
384,625,930
382,726,830
381,484,830
381,486,430
380,173,030
375,347,270
38,7« 9,531 407,279,034 33,709,581 445,988,565
39,277,792
39.3C 9,708
39,971,819
39,199,896
37,889,395
38,088,495]
38,959,862
40,910,7111
38,511,658
39,739,661;
41,375,842)
J
397,802,781
395,600.234
390.352,49
387,657,731
387,273,623
383,018,484
380,650,821
379,515,824
380,076,322
377,606,826
372,295,408
39,277,792
89,309,708
39,971,819
39,199,896
37,889,895
38,088,495
38,959,862
40,910,711
38,511,653
39,739,661
41,375,242
437,080,573
484,909,942
430,824,310
426,857,627
425.163,018
421,106,979
419,610.683
420,426,535
418,587,975
417,846,487
413,670,650
above table see Chronicle
item in Financial Situation,
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
For
Dec.
full explanation of the
page 1282,
14, 1901,
first
moneys in national bank depositories on May
31.
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Bonds and
Legal Tendtn on Deposit
1903-04 for Bank Circulation.
May
rXO
«-i
Total
on
— to o w
C9CH
XX
X — XlO
IX rx
in
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tenders on Deposit. The statement for Moy, 1903, will be
found in the Chronicle of June 18, 1903, page 1283.
UL0D
OH CM
r-
Bane Notes — Changes
otto
1
r-l
Si
[Vol. lxxvtil
°°
**
too
ccsas 'H,_l
Scooi
S.
17.
Bonds Held May
Bonds on Deposit
May 31,
1904.
Public Deposit*
Bank
in Banks.
Circulation.
5 p. ots., 1894, due 1904
4 per ots., funded 1907..
4 p. ots., 1895, due 1925
9100,000
6,899,050
10,142,050
6,970,500
85,184,750
1,934,000
6,842,500
3,426.000
1,072,000
3 p. ots.,'98, due 1908-U
2 p. ots., 1900 due 1930.
8-65sDlst. Ool., 1924...
State & City
Philippine Iel'd CertlTs
Hawaiian Island bonds.
Railroad bonds
Pblllpiune
Loan
Total.....
31, 1904, to
.......
Secure—
Total Held.
$3,929,250
1,802,100
1,794,940
403,046,350
$100,000
10,828,300
11,944,150
8,765,440
488,231,100
1,984,000
6,842,609
3,426,000
1,072,000
1.607,000
1,607,000
83124.177,850
9410,572,640 S534.750.490
The foregoing does not include the bonds held in the
New York Sub-Treasury against deposits in banks. There
«»• oa were so held on May 31 $7,081,000 bonds, making the
SS
rri®
oarx an whole amount at that date in possession of the Government
<»
S5
as security for deposits 1181,258,850.
Note— Total
diebareements under "Civil and Miscellaneous " In
1903-04 Includes $54 600,000 paid on account of Panama Canal and
oan to Louisiana Purchase Exposition Company.
The following shows the amount of national bank notes
and the amount of the legal-tender deposits May 1
June
and
1, and their increase or decrease during the
Treasury Currency Holdings.—The following compilation, based on official Government statements, indicates the month of May.
currency holdings of the Treasury on the 1st of March, April,
National Bank Notes— Total
May and June, 1904. Statement for corresponding dates in Amount afloat May 1, 1904 afloat—
$487,080,573
previous year will be found in Chronicle of June 18, 1908, Amount Issued during May
$13,385,812
Amount retired during May
4,477,820
8,907,992
page 1288.
Amount bank notes afloat June 1 1904
TREASURY MET HOLDINGS.
$445,988,565
L ega I Tender Notes—
ifch.1,1904 4pr.l, 1904 May 1,1904
1.1904
,
afloat
.
,
J'ne
Amount on deposit
banknotes May
Holding! in 8ub-Trea$uriei-
Hetaoldoolnandballlon.
N«t illrerooln and ball Ion
N«t a. 8. Treasury notes
wet legal-tender notes
Netnatlonal bank notes
Ret fractional silver
Cash
,
,
,
Sob-Treasuries
Cash In national banks
In
,
Casta In Philippine Islands.
Cash
$39,277,792
Amount deposited during May
t91.452.B7B 804.086.817 284,261.813 277,855,621
162,006.617 161,058,853 168.729,007 114,633,127
6,522,362
6,169,940
5.071,496
5,110,972
The portion of legal tenders deposited (1) by banks becoming insolvent, (2) by banks going into voluntary liquidation,
and (8) by banks reduoing or retiring their circulation,
was as follows on the first of each of the last five months.
In banks, snb-treas.. etc. 15W.480.454 461,967,616 459,961,816 197.60S.080
80,411,948 86,657,620 82,049,62b 84,280,004
378.068,609 874,699,096 870,919,188 318,287,616
160,000.000 160.000,000 160,000,000 160,000.000
Available oash balance.
•
to redeem national
1904
S»6,84 1.028 a4H.P2fl.691 831,877,090 217.6H2.301
SO.SSO.MO 18,613.028 20,778.332 94,491.006
C 5,087
67,8«4
133.806
98,676
9,308,476
6,278.116
6,903.945
9.876.686
14,040.247 10.116,696 12,716,566 14,967,681
11,417,618 11,646,982 1 1,852,586 12,086,831
D9.d-.c1 ourrent liabilities.*....
Sold reserve fund..
l,
283.068,60(. 224,69H,996 220,91W,ie8 163,887.516
1
"Chiefly disbursing offloers' balances."
Amt. of bank notes redeemed in
Amount on deposit
bank notes June
to
1,
Legal Tend's.
Feb. 1.
Depositsby—
$
$1,880,902
2,449,163
May
568,261
redeem national
1904.
$88,709,581
Mch.
April
1.
i
1.
$
May
1.
9
June
1.
$
Insolv'ntbks.
610,980
565,830
428,710
873,690
814,795
Uquld'g bks. 12,076,705 12,356,853 11,762,975 11,956,687 11,865,181
Stock op Money in Country.— The following table
shows the general stock of money in the conntry, as well as
the holdings by the Treasury, and the amount in circulation
Red'o'gund.*
aot of 1874. 26,512,211 27,049,137 27,118.023 26,947,415 26,529,605
-Stockot Money Ju7iel.
Auction Sales. Among other securities the following
not regularly dealt In at the Board, were recently sold at
on the dates given. The statement for May 1, 1904, will be
found in the Chronicle of May 28, 1904, page 1995.
1004.
IntaeC7nt.ec.
State*.
Held in
Treasury.
Qoldcoln(lnc.bul'nln Treas.)l.S18,iao,868 817 598,381
Gold certificates
Standard silver dollars
Treasury notes of 1890
United States notes
Curr'oy cert., Aot J one
NatloasJ bank notes
June
l,
1904.
106,614.930
18..78.000
846.681,016
18,635,881
08.676
9,876.636
614.894.548
450.613,999
72,606,7*7
464,156,^26
94, 579.009
13,874,424
83;, 304.380
446,988,566
14,267,681
481,780,984
669.422,410
Silver certificates
Uubsldlary silver
r-Afonevin Circulation
92,669,857
8, '72.
June
,
1,
1903.
$
693,988.000
881,1(64,489
78.417.W09
466.586.7S1
•l, 867.189
19.866,742
840.100,638
896.690.918
Total
...9,786,800,788 976,020,878 8.609.879,017 9,888,174.886
Population of the United States June 1, 1904. estimated at 81.761.000; circulation per capita, |S0 69.
Total
89,199.896 39,971,819 39,309,708 89,277,792 38,709,581
•Act of June 20. 1874. a md July 12 .1882.
—
auction.
By Messrs. Adrian H, Muller
A
Stocks.
25,000 MoKlnley Oold Mlnleg A Milling Co. ...$11
30 Ohio Mining Co...
$5
985 Hotel Metropole.N. Y.$100
32,674 Buckeye Iron Mining Oo
$9
100 McDonough Teleph. Oo. »5
3 Lake Hopatoong Club. 940
5 Westchester Oo. Horse
Show Association ....910
Son:
Stocks.
1
lot
lot
lot
lot
lot
lot
lot
The Triton Fish A Game
Clubof Canada
9200
18 Mechanics' Bk.of B'klyn.275\
48 Hudson Building Oo
17 1*
Bonds.
$42,500 North Amerio'n Rlee
Co. 1st 6s...
4 to 10i$
910,000 Santa Fe Oo., N. M.,
5 p. o. funding bonds, 1921,
Aug., 1904, coupons on. ..92042
June
b
9
..
THE CHRONICLE.
18, 1904.]
—
New York City Clcarin? House Banks. Statement of
oondition for the week ending June 11, 1904, based on average of daily results.
We omit two ciphers (00) in all eases.
BANKS.
Surplus.
Capital.
Loans.
Specie.
Legate.
r
Deposits
lies'
Bk.
X. Y.
Manhat. Co.
of
'
Merchants'
Mechanics'.
America
Phoenix
...
City
Chemical ..
Merch. Ex
.
Gallatin
But. <&>Drov
Mech.itTra.
Greenwich
.
Anier.Kxch.
Commerce..
Mercantile
Pacific
Chatham
...
People's
...
N. America
Hanover
...
Citizens'
..
Nassau
Mar.&
Shoe&Lthr.
Corn Exch
.
Oriental
Imp.
...
& Trad
Park
East River
Fourth
Second
First
N.y.Nt.Ex.
Bowery
. .
N. Y. Co...
German
Am
Chase
Ave ..
German Kx.
Filth
Gerniania
Lincoln
..
Garfield
Fifth
Bk. of Met..
West
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, IH
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
Fult.
Seaboard
..
IstN.Hklyn
Liberty
N. Y.Pr.Ex
New Amst.
Astor
Total
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
2,536,0
2,492,3
1.413,
...
$
18,841,0
20.309,0
11,257.1
20,140,0
21,588,9
3.485,0
159,021,8
23,940,8
6,686,1
8.408,0
618,6
3, 15:., 4
1,091,8
400,5
2,079,1
6,400,0
1,047,3
541,7
313,1
1,273,9
307,7
3,397,2
1,076,0
6,681,4
7,009,1
141,8
3,017,4
1.380,4
13,714,0
891,2
767,7
660,7
0,129,2
2,069,0
10,354,1
44,143,6
6,44»,o
15,097,5
2,645,4
6,397,0
6,922,8
30.197.0
7,177,0
24.088,0
66.714,0
1,120,5
21,575,7
9,300,0
98,597,3
7.838,6
3,023,0
4,416,0
3,518.1
41,171,9
9,124,0
2,742,6
2,827,2
5 2 4,;;
3,955,5
1,738,0
676,2
874,9
1,320,5
1,274,1
380,6
1,429,0
548.0
1,418,0
595,1
1,939,8
495,0
561,3
546,9
D
3,328,0
1,426,0
2,130,0
1,325,8
1,831,0
2,261,8
11,050,11
3,084,4
3,546,0
3,743,0
3,262,3
3,693,3
270,2
17,676,9
7,695,1
861,4
2, 223, "J
117,5
1,917,1
355,8
4.020,0
530,9
2,444,0
4,127,1 29.095,0
11,860,0 164,320,7
4,424,3 22,026,5
200,0
500,0
300,0
1,000,0
1,000,0
500.0
350,0
Side..
$
$
$
18.190,0 26-1
:;o, 553,o 451
16,867,7 261
20,340,0 20 -4
2:1,250,8 25-7
3,247,0 32-8
161,795,2
23,814,1 30-4
6,072,2 26-8
230,(1
836,0
37,610,7 8,614,2
6,424.0 1,826,6
993,5
698,«
1,053,2
631,1
6,308,:-l .'5-1
540,5
48,2
2,391,1 24 8
1,059,0
448,0
4.M4.0 3 3
490.2
444,0
2.376.6 39*6
3,826,0 1,080,0 23,317,0 2 10
23,346,7 15.866.& 164,844,6 25-3
3,940,0 1,291,2 19,891,8 26-3
696,3
404,5
4,128,7 28-1
815,0
905,1
0,274,3 27-4
300,7
568,8
2,757,2 31-6
2,237,1 1,824,4 15,004,4 20
15,376,0 3,756,0 58,623,5 32-6
843,3
535,1
5,750.0 23 9
3,008,8 1,934,5 18.713,2 iO-5
376,7
322,8
2,958,2 23-6
624,2
1,020,0
0,302,2 26
353,1
1,853,1
8,380,7 26 3
6,663,0 3,700.0 36,000,1 25-4
413.0
1,467,3
7,233,0 2
4,025,0 1,315,0 21,320,0 25
19,285,0 4,950,0 80,345,0 30-1
198,2
183.9
1,291,1 29 5
3,787,0 2,836,7 24,592. 209
1,118.0 1,092,0
9,763,0 22 6
29,451,2 1,810,6 102,906,0 30 3
490,4
1,475,4
7,350,3 26-;
357,0
531,0
3,026,0 24 4
505,8
1.011.7
5,911,0 2 5
659,7
216,6
3,378,2 25 9
15,445.4 1,864,0 53,432,1 32-3
2,247,4
289,6
9,927,3 25*5
675,0
198,0
3,582,1 243
418,7
947,8
5,284,4 258
1,098,4 1,925,3 12,545,0 241
291,2
1,601,5
7,626,1 24 8
405,2
144,0
2,464,6 24-6
1,657,6 1,048,3 11,677,7 231
329,0
656,0
3,928,0 26
2,240,0 1,620,0 16,111,0 25 5
006,0
626,0
4,700,0 27-4
2.158,3
246,6
9,694,3 24-8
979,4
444,7
5,453,9 26-1
832,3
870,9
6,797,8 250
1,029,0
141,0
4,769,0 24-5
ll,>-38,*
7,569,1
2,467,2
8,597,4
3,490,0
13,170,0
4,393,0
11,116,5
5,034,1
6,809,7
4,743,0
1
115,97^,7 134,148,3 10420933 231,642,5 81,227,7 11092312 28-2
t
f
New York
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
a
summary
We omit two
CapitalsSurplus.
BA>'KS
Loans.
Total United States deposits included $23,363,800.
—
Reports of Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending June 11, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
BANKS.
Capi-
00s omitted.
tal.
plus.
Jnvest-
Specie.
ments.
&Bank
Notes.
Other Deposits
Agent. Bks.&c
Clear'g
N. Y. CITY.
Boroughs 0/
Man&Br'nx
Colonial
Columbia
..
14th Street.
Gansevoort.
Hamilton
..
Mt. Morris
Mutual
19th Ward .
Plaza
Riverside ..
State
12th Ward
23d Ward ..
Yorkville ..
Fidelity
Jefferson
..
Century ...
Wash. Hgts
United Nat,
$
100,0
300,0
100,0
200,0
200,0
250.0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
1,000.0
226,9
266,0
112,0
78,0
120,2
118,9
178,3
204,0
248,2
102,7
571,8
103,1
93,6
271,4
119,1
271,2
58,7
129,7
114,5
Consol. Nat. 1.000,0 1,116,1
$
2,123.2
3,596,0
1,494,9
2,084,0
3,029,0
2,365,7
2,549,9
1,528,5
3,126,0
1,141,3
7,291,0
1,711,0
1,347,4
1,979,6
858,6
2,042,8
666,9
518.6
2,068,3
3,727,0
?
60,9
242,0
104,3
13,9
180,7
148,9
26,7
25,3
81,0
13,7
438,0
66,0
49,3
27,9
10,0
12,8
16,6
11,6
231,4
373,3
*
205,3
127,0
86,5
200,5
112,3
85,2
223,2
142,7
76,0
102,7
260,0
238,0
157,5
225,8
55,0
101,3
31,0
29,7
59,1
92,5
95,7
242,0
169,0
189,7
422,4
$
814,9
3,279,8
3,776,0
2,219,2
2,436,9
3,570,9
3,098,1
2,751,7
2,066,9
3,702,0
1,453,9
8,499,0
2,221,0
1,802,2
2,373,0
859.3
2,004,7
819,8
563,0
1.242,2
2,456,1
3.5
166,6
61,9
325,0
55,0
105,2
207,0
......
280,9
819,0
16,0
132,9
26,9
70,4
236,3
60,1
198,6
78,7
406,9
18,8
165,3
......
125,0
Borough o)
Brooklyn.
Broadway
Brooklyn
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
SpragueNat
Union
Wallabout
Borough ...
Borough oj
Richmond.
.
lstNat.,S.I.
150,0
300,0
252,0
500,0
100,0
3O0.0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
825,7
156,5
530,9
376,9
58,9
743,6
687,0
171,4
177,0
83,2
256,6
110,7
76,7
86,9
2,171.7
1,666,1
8.279.0
6,967,7
1,128,2
5,285,0
3,335,0
1,116,3
1,412,9
658,9
1,164,0
1,077,5
806,9
1,546,9
22,6
113,8
364,1
232,6
12,2
215,0
143.0
12,2
43,4
100,0
106,1
728,1
56,9
400,0 1,040,8
3,650,3
194,8
250.0
250,0
200,0
648,8
277,9
287,0
2,144,5
1,082,0
1,303,2
88,7
77,7
54,0
110,0
125,0
526.9
147,0
2,225,2
1,206,3
148.9
36,3
14,7
116,0
46.6
64,0
37,2
195,1
300,7
63,0
305,4
96,3
676,1
693,2
993,4
66.2
119,0
444,0 1,033,0
434,0 1,235.0
83,1
40,1
173,1
146,1
64,5
66,3
25,0
231,0
93,3
64,7
37,6
36,7
125,5
121,2
2.337,8
1,869,6
3,987,2
8,843,9
1,228,1
5,960,0
4,809,0
1,245,6
1,693,8
24,3
50,7
70,0
24,0
233,0
234,2
119,6
112,4
30,0
608,0
168,1
737,6
1,240,0
V>75,7
,
4Cj|
919.1
1,085,9
Hudson
62,635,4 172,678,0
62,635,4 171,001,0
52,635,4 171,857,0
J'ne 4
j'nel
Phila.
l
May28
.
10989
37,001,0 1,026,904,2
907,809,4
979,612,0
10987989 37,282,0
11092312 38,088,0
63,110,0
61,868,0
62,497,0
7,115,0
7,245.0
7,399,0
109,562.7
102,599,4
110,805,7
228,410,0 11,539,0
227,407,0 11,521,0
228,092,0 11.530,0
107,103,4
90,404,7
89.669,3
f Including for Boston and Philadelphia the item "flue toother banks,"
and also Government deposits. For Boston these Govornment deposits
amounted on Juno 11 to $3,788,000 on June 4 to $3,905,000.
;
—
Imports and Exports for the Week. The following are
New York for the week ending for dry goods
June 9 and for the week ending for general merchandise
June 10 also totals since beginning first week January.
FOREIGN IMPORTS.
the imports at
;
For week.
1904.
General Merchandise
Total
Since Jan.
1902.
1903.
1901.
$1,338,540
7.603,913
$1,777,881
10,688,428
$1,591,290
8.163,067
$1,392,189
6,886,994
$8,942,459
$12,466,319
$9,754,363
$8,279,183
$55,263,423
215,338,574
$63,051,969
211,058,230
$56,184,096
190.809,180
$48,357,541
207,370,372
1.
Dry Goods
General Merchandise
Total 23 weeks
$270,601,997 $274,110,199 $247,053,270 $255,727,913
of dry goods for one week later will be found
in 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 13, and from January 1 to date.
The imports
NEW YORK FOR THE WEEK.
EXPORTS FROM
For the week
Previously reported..
Total 23 weeks
1904.
1903.
1902.
1901.
$8,761,345
208,769,154
$7,872,493
222,864,153
$7,736,065
212,990,970
$9,174,216
232,920.147
$217,520,499 $230.736,646 $220,727,035 $242,094,363
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."
The following table shows the exports and imports of
specie at the port of New York for the week ending June 11
and since Jan. 1, 1904, and for the corresponding periods in
1903
and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
IMPOKTS.
EXJ>OBTS.
Week.
Since Jan.
Great Britain
France
$193,000
57,538
$23,110 $64,292,519
21,064,007
1,642.958
14,300
16,903,869
$274,773
All other countries
380
22,865
990
$694,160 $17,760,938
301,559
25,800
142,909
25,335
13,600
2,000
France
West Indies
Mexico
South America
1,350.800
9,653
AU other countries
Total 1904
Total 1903
Total 1902
Since Jan. 1.
1,247,057
74,735
2,026,125
2,000
$23,110
.
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
Week.
1.
$19,637,470
41,305,126
Germany
West Indies
4.721.495 $19,605,259
198,490
514.733
15,632,171
16.707,700
13,882
80,815
$2,047,346
1,383,732
1,440,780
355,678
48,960
686,693
41,622
$5,854,811
3,019,084
1,224,227
$535
1,905
8,746
88,361
262,332
62,863
2,035
$1,167
13,139
4,960
$19,266
41,749
128,672
$426,777
767,151
618,769
Of the above imports for the week in 1904, $56,820 were
American gold coin and §1,084 American silver coin. Of the
exports during the same time, $23,110 were American gold
com and $26,400 were American silver coin.
.urn
Auction Sales.
%
—See page preceding.
and ^itxanciaX,
SOUTHERN RAILWAY COMPANY.
pjjattliittg
5% Gold Bonds.
Collateral Trust
Payable April 1, 1H0». Interest April and October 1st. Issue, |lfi,OCO,000.
Secured by various stocks and bonds valued at 119,980.110. Annual Income
from collateral deposited, 1939,87* Annual Interest upon above bonds but
178,0
•«••••
764,3
289,0 1,745,1 1.198,0
5,667,4
73,6
31,7
85,5
351,4
298.4
768,7
217,6
14.1
4,9
2.110,7
1,104.9
2,039,0
68.7
45,3
143.2
66,2
239,*
80,1
2,291.2
1.236.7
Descriptive circular on request.
Price to yield about 4*80% income
& Company,
Spencer Trask
WILLIAM AND PINE STREETS, NEW YORK.
Branch
Office:
Moffat
Hobokkn.
First Nal...
Second Nat.
Clearings,
$
$
$
11005061 36,480,4 1,219,167,6
6,759,0 211,011,0
6,757,0 210,513,0
7,051,0 210,022,0
16,173,0
15,728,0
15,774,0
48,167,1 191,224.0
48,107,1 191,658,0
48,167,1 192,120,0
J'ne 4
J'nell
Co.
National
Second Nat.
Third Nat..
Circulation.
f
1800,000.
10,0
jbbsey CmFirst Nat...
78,143,0
81,165,3
79,837,2
81,227,7
Mexico
South America
$
431.9
314,0
505,9
226,4
145,9
270,0
207,1
463,5
723,0
Deposits,
I!..-.
May 2 8
Gold.
Net
Leg. T.
Legals.
Specie.
IN. Y.
9
May21 249.781,7 10505535 210,002,8
May28 249,781,7 :" 104834 223.275.4
J'ne 4 249,781,7 10366652 226,023,4
j 'sell 250,121,0 10420933 231,042,5
Deposit with
Sur-
ciphers (00) in all these figures.
ve.
P.O.
$
2423
ALBANY. N. Y.
&
White,
members New York Stock Exchange,
1 NASSAU 8TBEET. CORNER WALL,
JDealera in Investment Securities.
Tot.{J'nell 9,387,0 112799 89,195,2 4,205.9 5.781.7 143645 6.799,5 1045426
Tot. J'ne 4 9,387.0 112799 88,528.7 4,008,7 5.410,9 138335 6.894.9 1032543
Tot.May28 9,387,0 112799188,499,4 4,047,0 6,447,0 136655 6,940,9 1024196
TeU
5820-6821 Cortlandt.
Tel»»k*ne Stcoks a Specialty.
;
".
.
THE CHRONICLE.
2424
lauluers
For Dividends tee page
7
Vol. lxxviil
The transactions in railway bonds have been on about the
same scale as of late, although better distributed, and the
market has continued firm in tone, as noted last week.
(SuzztU.
3421.
Southern Pacific 4s have been the exceptional feature,
advancing 2 points on the prospect of a large preferredWALL, STREET, FRIDAY, JUNE 17, 1904.-3 P. M.
stock
issue.
The Union Pacific issues, notably the convertiThe Money Market and Financial Situation.—The event
of the week regarded in Stock Exchange circles as most ble 4s, were strong in sympathy. Brooklyn Rapid Transit ref
important was the announcement on Wednesday that the conv. 4s also advanced over a point.
United States Bonds. — Sales of Government bonds at the
Southern Pacific management had decided to issue new preferred stock of that company to the amount of $100,000,000. Board are limited to $1,000 3s, coup., 1908-18, at 106. The
This announcement was so unexpected and the amount pro- following are the daily closing quotations; for yearly range
posed is so large that evidently the street has not yet grasped
the import of the matter, and up to this writing the effect
upon the market outside the securities directly affected is
scarcely perceptible.
Other than the above the only developments worthy of
mention are those incident to the advancing season. The
weather has been favorable for spring wheat, and that croD,
with its largely increased aoreage estimated at nearly 500,000 acres in Minnesota and North and South Dakotapromises to be an important one. Other crops are reported
to be doing well, especially corn and cotton, and it is now
said that the damage done to the latter by boll-weevils has
been more or less exaggerated.
The international exchange situation is such as to reduce
the probability of a further movement of gold from this
country to Enrope a movement that was checked by canThe
celing engagements of gold for export last week.
money market is unchanged, as will be seen by the follow-
—
—
ing quoted rates.
The open market rates for call loans on the Stook Exchange
during the week on stook and bond collaterals have ranged
from 1 to \\i per cent. To-day's rates on call were 1 to
V& per cent. Prime commercial paper quoted at 8^ per
oent for endorsements and 4@4^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £1,062,003 and the percentage of reserve to liabilities was 51-84, against 50'13 last week;
the discount rate remaining unchanged at 8 per cent. The
Bank of Franoe shows a decrease of 12,550,000 francs in
gold and an increase of 300,000 francs in silver.
HEW TORK OITT OLBARING-HOUBB BA.NK8.
Differences
1904
June 11
1903
June 13
from
previous %ttek
1903
June 14
115,972,700
Surplus
134,148,300
Loans A discounts 1,042,093.800 Ino 6,628,100
Circulation......
38,088,000 Ino
806,000
Net deposits
•1,109,231.200 Ino 10,432,300
Specie
231,642,600 Ino 6,019,100
Legal Deader a...
81,237,700 Ino 1,390,600
109,822,700
129,251,100
903,362,000
44,006,100
886,829.700
166,145,400
76,089,200
83,872,700
106,007,900
881,070,400
31,410,800
942,868,600
172,373,700
76,646.800
Reserve held
Oapital
deposits
312,870,200 Ino
277,307,800 Ino
6,409,600
2,608,075
331,184,600
221,707,425
249,019,500
236,717,160
Surplus reserve
86.662,400 Inc
3.801.526
9,477,176
18,302,350
35
p. o. of
United States deposits included, against $23,380,600 last
week and $87,204,000 the corresponding week of 1903. With these
United Statesdeposlts eliminated, the surplus reserve would be $41, 403, 860
on June 11 and $37,606,000 on June 4.
Motb.— Beturnsof separate banks appear on the preoedlng page.
* $28,8(53,800
—
Foreign Exchange. The foreign exchange market was
lower this week, influenced by offerings of finance bills and
by a light demand.
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 8535@
4 8545 for long, 4 8725@4 8730 for short and 4 8750@4 8760
for cables. Commercial on banks, 4 85@4 8515, and documents for payment, 4 84%@4 85J^. Cotton for payment 4 84%
@4
843^; cotton for acceptance, 4
85@4
8515,
and grain
see third
page following:
it, 1980
registered
2s, 1980
oonpon
Is, 1930, snia.l. registered
2s, 1980, small
coupon
8s, 1918
registered
8s, 1918
oonpon
Interest
June
Periods
11
Q—Jan
Q— Jan
Q—Feb
Q—Feb
88,1918, small. registered Q-Feb
oonpon Q— Feb
Ss.1918, small
4s, 1907
registered Q—Jan
4s, 1907...
oonpon Q—Jan
registered q— Feh
4s, 1926
oonpon Q— Feb
4s, 1925
'This is
June
13
June
June
June
June
14
16
16
1?
*104\ *104»4 *104»4 *104»4 *10434 104%
•106% •105% •106% •106% •106% 1063s
*ib*5»4 *i"05»4
*106
106
*ioni *105»4
*106
MM>|
•105
*106
•107
*106
*106
•107
"106
*106
*107
•106
*ib*5»»
106*4
•106
106
•105
•106
•107
•106%
107%
.....
*105
*106
"107
I'oT*
•132% •182% *1S2*4 *132% *182% 183>8
•183% *182% •182% *132% •132%t
tne pnoe bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.—The stock market
has been more active than last week and the tone was generally firm until the announcement on Wednesday of a proposed large issue of preferred stock by the Southern Pacific
Company, as noted above. This led to liberal sales and a general decline throughout the list. Wednesday's market was
the most active of the week, about 478,000 shares having
been traded in, the excess being due to the heavy movement of Southern Pacific and Union Pacific issues. The
sales on Thursday were 200,000 shares less, but there was a
recovery of a part of Wednesday's decline. To-day's market
has been dull and irregular, although for the most part
weak, and a decline was recorded in several cases.
There have been almost no exceptional features other than
the stocks mentioned.
Southern Pacific has declined 4
points on the announcement referred to and Union Pacific
advanced. Manhattan Elevated has been strong, showing
when at its highest an advance of 4^ points. North West,
advanced 2^ points, while Lackawanna has lost nearly as
much on the sale of a few shares.
Industrial stocks have been neglected and price changes
are in most cases unimportant. General Electric lost about
2 points, but Consolidated Gas advanced nearly 4. The
United States Steel issues fluctuated within a very narrow
range and close only fractionally changed.
For daily volume of business see page SJfSl.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Sales
STOCKS
Week,
for
Ending June 17 Week
American Coal
Amer Tobaooo Co. pref
Range for Week
300 200 J'nel4
137 J'nell
108%J'nel4
8d%J'nel7
104 J'nell
x88 J'nel6
15%J'nell
Diamond Match Co
20 129 J'nell
General Electric rights. 2,559
6 J'nel6
Gold <fc Stock Telegraph.
8 115 J'nel4
Homestake Mining
10 54 J'nel?
Nat Enam & Stamp, pref 200 80 J'nelS
N Y Dock Co, pref
100 40 J'nel5
N Y & N J Telephone ... 16 1434J'nel6
Northern Central
300 160 J'nel4
Phoenix Gold Mining... 2,100 11 J'nell
United Fruit Co
200 Hl»iJ'nel4
101
Atlantic Coast Line KB.
250
Buffalo & Susqueh, pref.
400
Cent <fe So Amer Teleg..
26
Ohio Ind <fe Louis v, pref.
182
Consol Gas rights
89,652
.
Bangs lines Jan.
200 J'nel4 200 May
188 J'nell 130»«Feb
l08%J'nel4 104%Feb
88%Pnel7 86%J'ne
104 J'nell 108 May
90 J'neU
65 May
16%J*nel7
16 J'ne
129 J'nel6 127 s4Jan
5%J'nel5
6 J'ne
115 J'neU 116 J'ne
64 J'nel7
49%Mar
80%J'nelA 78 Jan
40 J'nel6 40 Apr
143%J'nel6 140 Feb
160 J'nelS 160 J'ne
18 J'nelS
08 Mar
112%J'nel3 96 Feb
1.
220 May
140 Apr
110%Jan
86% J'ne
104
90
J'ne
J'ne
16%J'ne
129*«May
6% J'ne
116
J'ne
54 J'ne
88 Jan
41 Feb
160 Jan
160 J'ne
16 Jan
112%J*ne
for
Outside Market.— Quiet conditions have ruled in the market for unlisted securities this week, there being no disposition to do business on an active scale except in one or two
Values generally have moved to a higher level,
issues.
although to-day fractional reactions occurred. The sharp
rise in Interborough Rapid Transit stock, which was accompanied by considerable activity, was the principal feature of
the trading in the early part of the week; the price of these
shares advanced from 114i£ to 120 and closed to-day at the
-Long
-Short.-Cablet.high figure. On Thursday Southern Pacific "rights" and
Sterling Actual—
the new preferred stock both "when issued" made their
High... 4 8666
® 4 8665
4 8730
® 4 8740
4 8765 t 4 8765
first appearance on the "curb."
* 4 8530
Low... 14 8626
a> 4 8726
Dealings in the "rights"
4 8715
4 8740 » 4 8760
Paris Bankers' JTro netwere extremely heavy at prices ranging between AV& and
ft 6 17%
High... 16 18V
5 16%*
6 16%t
2^; the close to-day was at 3%; the new preferred stock
Low .. 6 JH4,
* 6 17V
6 17%)
6 17%
to 117, the
lost 4 points
last sale to-day being at
Germany Bankers' Marks—
the low figure. New York Central debenture 4s "when
96> 10
High...
» 95%t
96%
» 96», 6 t
a 95iie
Low....
95%|
» 96m
issued" were also traded in on the "curb" for the
96
Amsterdam Bankers' Guilder
first time yesterday; the initial sale was at 98^ and interest,
40» ie * • 40» 18
High...
40V * 40%
but the price afterwards dropped to 98 and interest, at which
40>, 6
• 40%1)
LOW...
• 40%
40
figure the last sale was made to-day. On transactions agi„
of 1%. *»ssofl%.
Plus
IMS: *h t ofl%. n M ofl%.
t ha of 1%.
h, of 1%. "issoll*.
gregating about 1,000 shares, Northern Securities gained
The following were the rates for domestic exchange on
to 99Jrf£. Seaboard Air Line issues were weak; the
New fork at the under-mentioned oities to-day: Savannah, point
common declined from 7% to 7% and the preferred lost a
12^o. per $1,000 premium; Charleston, 25o. per $1,000 pre- point to 15%; the 3-year 5 per cent bonds
receded from 86^
mium New Orleans, bank, 50o. per $1,000 discount to 85%. International Mercantile Maine
preferred stock
oommeroial, 75c. per $1,000 discount; Chicago, 25o. per rose
points to 16V£. Cuban 6s of 1896 declined Z% points
\%
$1,000 premium; St. Louis, 50c. per $1,000 premium; San to 95.
U. S. Realty & Improvement 5s " when issued
Francisco, 50c. per $1,000 premium.
gained \% points to 82*^. After a drop from 4^£ to 8J^, BufState and Railroad Bonds. Sales of State bonds at the falo Gas stock rose to ±%. Standard Oil lost 3 points to-day
Board include $20,000 Louisiana con. 4s at 105, $1,000 Ten- to 623. Greene Consolidated Copper stock advanced from
nessee settlement 3s at 97 and $20,000 Virginia 6s deferred 14J^ to 153^, but at the close to-day it reacted to 15.
trust receipts at 6>£ to 7.
Outside quotations will be found on page 2431.
payment, 4 85@4 85^.
To-day's (Friday's) aotual rates for Paris bankers' francs
were 5 18^@5 17^* for long and 5 17%@5 16% \ for short.
Germany bankers' marks were 95 1-16@95J^ for long and
95%@95 9-i6f for short. Amsterdam bankers' guilders were
40^@40%Tf for long and 40 5 16*@40 5-16f for short.
Exchange at Paris on London to-day, 25 f. 21J^ o.; week's
range, 25 f 22^ c. high and 25 f 20 c. low.
The week's range for exchange rates follows :
.
.
-
I
|
.
I
I
I
.
I
I
I
I
V
\
I
J
;
—
II
%
6
New York
4
..
Exchange— Stock
Stock
Record, Daily,
.
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— H1QHEST AND LOWEST SALE PRICES
Monday
Saturday
June 11
June 13
Tuesday
June 14
Wednesday
June 15
•22
•60
•22
•60
•22
•50
•22
•50
27
54
26
53
70% 71% 70% 71%
94% 94% 94% 94%
79 Hi 79%
79% 80
•90% 92
891% 91%
48
48% 47% 48%
•115
•132
•116
•132
118% 119
65Hi 65Hi
....
....
26
63
70% 72%
71% 7 2 '4
9334 94%
94% 94 34
79% 79% 79% 80%
91% 91% 891% 91%
47% 48% 48
48%
115
132
115
132
119
....
...
118% 119%
119%
118%119
66
66% 66% 66% •06% 67
161 lOi
101 161
101 161
31
31% 31
31 14
31% 31%
•37 "a 39
38
38% 38% 38
382
82
81
81
*80Hi 81
•180
•180 ....
180
....
127 127 •125 140 •125 140
13% 13%
•82
86
26
68
13% 13%
•82
86
13% 13%
'82
66
86
Thursday
June 16
friday
June 17
•22
•22
•91
160
71% 72% Atch. Topeka <& Santa Fe.
94% 9434
Do pref
80
80%
& Ohio
91 92 Baltimore
Do pref
48
48% Brooklyn Rapid Transit..
92
4m
116
120
67 «4
BuHalo Roch.
Pittsb'g.
<fc
pref
C Canadian Pacific
160
Central of
•67% 67%
162
162
76,980
6,811
27,430
265
73,780
Do
132
119 34l20%
13s245
1,800
New Jersey...
620
2,553
300
110
ift
180
125
'180
13% 13%
13% 13%
•83
180
122
....
'119% 140
140
•83
86
....
140
Chicago Burl <S> Quincy..
Chicago & East. III., pref.
100
13% 13% Chicago Great Western
*83
55
*21
86
50
24
Do
Do
Do
86
4
p. 0.
p. c.
1904
Range
Lowest
Highest
Lowest
27 Jan 22 27 Jan 22
S4934 J'ne 8 854 Feb 1
64 Feb 2
75% April
2,425
12%J'ne 8
83 % Feb 6
debentures
pref. "A"..
pref. "B".
17% Jan 22
86% Apr 12
E
54
65
•43
55
•43
43% 43%
55
•43
•76
62
117
44
90
44
•75% 90
•76
62% 62% *62
•75% 90
•75% 90
62% 62% 62
62
06
90
62% 63
62%
62%
120 120 117 119
119%119% 117 121 117 121
119
16% 16% 16% 16% 16% 16% 16% 16% 16 34 16% •16% 16%
35% 35% 35% 35% 35% 36
36% 37% 30
37 H»
36% 36%
91% 913ft 90% 91% 91% 9134 91% 92% 91
92% 91% 92%
•108 110 •108% 110
110%110% 110 111 •110 111
108% 109
•3534
•35% 37
37
35%
•35% 37
37
18
10% 16\ •16% 18
810% 16% •17
115%110
116%115% 115%115% 115 116
•26
27
20
20
28
20% 26% •26
•103
58
189% 8188
24% 25% 25
65% 56
55%
•85
•85
90
•63
•52
66
•85 105
•85
•62
•62
65
•103
•58
{189
112
65
112
65
188
26%
50>4
103
•103
60
8188
112
60
189
25% 20
58
55% 55%
90
55
100
66
•85
*53
•85
•62
•56% 59
•58
•91
47
113
65
•185%187
90
65
100
65
25% 26
56%
113 105
•68
60
1863
}18634
4 •185
56
85
•62
85
•35% 37
30
•16% 18
18
HO-t 115 115%
27% •26% 27%
36
•10
116
26
•105
60
90
65
100
64
25% 25%
65% 56%
•85
•53
•35
•63
112
65
187
25% 25%
65% 65%
90
56
100
66
82
•63
67 34 Jan 18
Jan 6 9434 Jan 21
& S. S. Marie, 1,900 55 Jan 4 67 Jan 20
200 116 May 2 126% Jan 28
1,900 14% Feb 24 19 Jan 21
Mo. Kansas & Texas
7,520 32% J'ne 1 42% Jan 22
Do pref
Missouri Pacific
32,240 87 Feb 27 95% Jan 22
600 101%Feb24 124% Jan 11
Nash. Chatt. & St. Louis
100 34% Feb 25 41 Jan 11
at.of Mex, non-cuin.pf
120 15%Feb25 21% Jan 8
Do 2d pref
4,610 112%Marl2 122 Jan 8
N. Y. Central & Hudson.
200 25 Mayl6 32% Jan 23
N. Y. Chic. & St. Louis...
10l%Mayl2 108 Jan 21
Do lstpref
200 60 J'neU 09 Jan 26
Do 2d pref
115 3185% May 19 196 Jan 23
N. Y. N. Haven & Hartf
N. Y. Ontario & Western. 68,720 19%Marl4 26%J'nel3
Norfolk & Western
6,024 53%Marl2 62% Jan 28
Minneapolis
•56
•90
59
93
91
47% 473,
81% 81%
•04
21
47% 48%
81% 81%
60
66
213s
20% 21%
64
64%
32
10
30
04% 64%
*30
*»
•36
•18
91
•9
•35
•16
39
20
66
32
10
39
20
69
93
47 34
•58
•91
59
93
•58
•91
pref
Minn. S. P.
Do pref
Do adjustment,
55% Pacific Coast Co
90
40% 47% 46%
8134 881
81% 81% •81
66
60
66
67
60%
2034 21%
203* 21%
20%
64% 04% 64% 64% 64
•30
•9
35
•16
•30
•9
•35
'16
32
10
39
20
32
10
-30
69
93
•58
•90
47%
46% 47%
831% 81%
81
60% •66
20%
21
64%
04
•30
32
59
93
67
21
64
32
Piltsb. Cln. Chic.
Dd
J'ne 3
May
6 90 Apr 12
Feb 24 56% Jan 22
88
pref.
51
69
104 Jan
96 3« F. o
71% Feb
Feb
150
Aug 29% Jan
90% Jan
63 Oct 85% Jan
24 Sep 46% Feb
133% Aug 183% Jan
168 Aug 194% Jan
L63 Sep 224% Jan
190 Aug 250 Jan
132 Oct 200% Jan
117 J'ly 162 Jan
3165 Nov 194 Jan
8 Aug 19% Jan
15 Sep 36 Jan
3 May 17% Jan
30 May 50 34 Jan
66 Aug 99% Jan
112 Dec 119 Jan
10 J'ly 31% Jan
44% Aug 72 Jan
17 Aug 48 Jan
149 Aug 183% Feb
230 J'ly 276% Jan
18 Oct 43 Feb
62 Nov 90% Feb
12 Sep 47 % Jan
734 Aug 20% Jan
14 Nov 3934 Jan
55 Oct 90 Jan
7
Aug 19% Feb
10 Nov 29% Feb
23 Aug 42% Jan
62% Apr 74 Feb
44 J'ly 64% Feb
39% J'ly 72% Jan
78 Aug 91 Jan
31 Sep 7434 Feb
160 Oot 209 Jan
73 Deo 85 Jan
10 Aug 27% Jan
63 Sep 106% Feb
13
&
St. L.
414
1,215
16,168
3,650
76 Mar 1 81%J'nel4
55%Feb25 67 J'nel5
19%Marll 27% Jan 22
5734 Jan 6 68% Jan 22
30 Apr 22 38% Feb 9
Marl5 14 Jan 23
Mayl7 45 Jan 19
Jan 8 20% Jan 19
9
35
16
lstpref
2d pref
99% Mar
Oct
77
125% J'ly 151
16
J'ly
30% Oct
25% Oct
62% Oct
16% Oct
Jan
Jan
77% Jan
47% Jan
82 % Feb
36% Jan
61% Jan
48
10
Oct
Oct
48
J'ly 855
29
40 Mar
Apr
23% Nov 53 Jan
89 Nov 118 Feb
275 Dec 334% Jan
49 Dee 83 Jan
95 Sep 130%Jan
126% Sep 155% Jan
70% J'ly 128% Jan
99% Sep 142% Jan
17 Dec 38 Jan
51% Dec 88 Jan
8% Nov 29 Mar
102 May 135 Jan
41 Oct 110 Jan
83 Nov 118 Feb
42 Aug 79% Feb
109%J'ne 132% Feb
15% Oct 30% Jan
33 Oct 63% Feb
8534 Aug 115% Feb
85 Oct 133% Deo
34% Mar 47% May
17 Nov 28%J'ne
112% J'ly 156 Jan
19% Sep 45 Jan
100 Oct 118 Jan
50 Sep 87 Jan
U37%May 225% Jan
19 Sep 35% Feb
63% Nov 76% Feb
85 Aug 93% Feb
3934 Sep
72 Jan
80 J'ly 100 Feb
50% Aug 76 Jan
11034 Nov 157% Jan
15 J'ly 39 Jan
67% Jan 22
123% Jan 27
23% Jan 22
74%J'ne 9 81% Jan 23 74 J'ly
368 May31 368 May 31 374 Dec
200 55 Apr 20 66% Jan 22 55 Sep
200 90 April 98 Jan 22 90 Oct
12,280 38 34Marl4 48%J'nel3 37% Nov
100 61% Jan 12
64,648 111% Mar 12
17 Marl6
pref
I) eading, vot'g tr. ctfs..
•Evist pref. vot. tr. ctfs...
2d pref. vot'g tr. ctfs.
Rock Island Company
Do pref
Rutland, pref
St. Joseph <fcGr'd Island.
Do
Do
39
20
200 40
90
Louis.
<& St.
Do
•85 105
Do lstpref
•63
64
65
Do 2d pref
114%115% 114%115% 114%115% 114% 115 34 114% 115% 116 115% Pennsylvania
•15
•16
•15
-15
20
"15
'15
20
20
20
20 Peoria & Eastern
20
•77% 79
•77% 80
77% 80 •77% 80 •77% 80 •77% 80 Pore Marquette
Do pref
Jan
Jan
89% Jan
103% Jan
41
83% Sep
"
•43
Dec
25
Sep 160 Feb
109%Marl2 121% Jan 22 115% Oct 138 34 Feb
64 Apr 29 68% Jan 2 57% Sep 78% Jan
154% Feb 20 16334 Jan 19 153 Oct 190 Jan
28% Mar 14 36 Jan 28 27% Not 63%Jan
33 Jan 15 40 Feb 6 18% Sep 37% Jan
75 Jan 2 85% Jan 21 60 Sep 75% Deo
8181 Jan 18 8182 Jan 14 5170 J'ly 3184 Mar
124 Feb 11 {135 Mar24 105 J'ly 138% Jan
J
•76% 90
Highest
54% Dec
Aug
87% Jan 6 94% Apr 8 84% Aug
72%Marl4 86% Jan 27 71% Sep
87% Feb 19 92 Jan 28 82% J'ly
38 Feb 24 52% Jan 2 29% Sep
118% Mar 2 127 Jan 12 121 Nov
•51ia 63
55
62% 52%
55% 55% 55
55
782 47%J'ne 6 71 Jan 23
5
21 25 -21
•20
•21
22
22
26
25
20 J'ne 6 31 Jan 21
4 p. c.
142% 142% 141 34 142% 141% 143
142 143% 14 1% 14234 142% 143% Chicago Mllw. <fc St. Paul. 64,160 137% Feb 24 148% Jan 22
*176%177% •176% 177% •176%177^ 177% 177% 177 178
177 177
Mar 4 180 Aprl2
410
173
Do pref
108 109
lti73» 167%
168 168
169 169% 170 170
168 168 Chicago & North Western
1,893 161%Marl4 l72%Mar29
219%219% 8215 220
132 207 Feb 8 219%J'uel6
Do pref
8130 J'ne 6 5137 May 7
Chic. Rock Isl'd & Pacific
•135 140 •135 140
'135 140
135 140
135 14') *135 140 Chic St. P. Minn. & Om.
135 Mar22 145 Jan 21
•170 180 •170 180 •170 180
•170 180
•170 180
170 180
8165 Apr28 176 Jan 6
Do pref
«6
•0% 7
*6% 7
8
0% 0% •6
8
6%May24 12% Jan 15
85% 57, Chicago Terni'l Transfer.
250
*14
•14% 14 ^ •14% 14% 14% 14% 14% 14 34
14
15
15
830 13%May27 26% Jan 15
Do pref
6% 5% •6% 6% •5% 6% Chicago Union Traction.
5Hi
5%
6% 6%
5% 6%
400
4% Feb 20 7%. an 4
30
29 May24 33 34 Jan 18
Do pref
•68
•68
70
•68% 70 Cleve. Cm. Chic. & St. L.
68% 69% 69% '68% 69% 08% 70
100 68% May 18 8034 Jan 22
•102 120 •102 120
102 120 •102 120
102 110
101 110
100 Feb 8 110%Marl4
Do pref
•15
15% •15
15% 15% 15%
15% 16% 15% 15% 15% 15% Colorado & So., vot. trust
495 13% J'ne 1 19 Jan 12
•48
60
49
49
49
{49% 49% 49
849% 49% 48% 48%
615 48 J'ne 1 58% Jan 2
Do 1st pf. vot. tr. cfs.
•18% 19%
19% 19»& •19
20
19% 19% •19% 20
18% 19
730 17% J'ne 7 28% Jan 22
Do 2d pf. vot. tr. ctfs.
15534
155
154% 155% 154% 155% 154%155% 154%
155% 153%154% Delaware <& Hudson
3,625 149 Marl2 108% Jan 22
•271% 272
270 270
271 272
207 267
270 270
271 274
420 250%Feb23 27534 Apr 7
elaw. Laok. & West'n.
1934 20
20
1934 20%
20
20% 20% 20% 20% 20
20 Denver & Rio Grande
1,000 18 Marl4 23% Jan 22
"
•69
6934 70%
•09
70
70
70
70>4
70
69% 70
70
Do pref
1,355 64% Feb 24 74% Jan 22
•17
•17
'17
'17
•17
•17
20
20
20
20
20
20 Des Moines & Ft. Dodge.
19% Jan 7 24% Jan 22
3
»3
•3
•3
3 4
4
3% 3% «334 3%
3%
3
3 Detroit South. vot. tr. ctfs
3 J'ne 9 14 34 Jan 23
225
•0
'6
'6
•6
•6
•6
7
7
7
7
7
7
5% J'ne 9 29% Jan 25
Do pref. vot. tr. ctfs.
"3*5*6
•60% 61% {00% 60%
60*4 6O34 60*4 62
60% 6OI4 •60% 61 Detroit United
60%J'nel6 67% Jan 22
•539
•5% 7
•6% 7
•5% 7
•5% 6% Duluth So. Shore <fc Atl..
•5% 7
6%
5% J'ne 3 10% Jan 22
•10
•10
•10% 12
12% •10
10
12% •10
12
12% 10
9 34 j'ne 4 16 34 Jan 23
"ib'6
Do pref
24% 24% 23 34 24% 23% 24% 2334 24% 23% 24
23% 24
25,314 21%Mayl6 29% Jan 2
ne.
58»4 59%
59
68% 59% 58% 58% 68%
63% 68% 68% 58%
Do lstpref
8,055 55%May31 6934 Jan 27
3534
35% 35 % 35% 35% 35
84% 35% 35% 35% *343 35%
2,120 33 May 16 50% Jan 2
Do 2d pref
•50
60 65 •50 55 •50 4 54 Evansv.
•50
54
54
50
{54
50 67 Apr 20 66% Jan 27
&
Terre Haute..
•70
•70
•70
•70
•79% 80% '70
78
78
78
78
78
72 Feb23 72 Feb 23
Do pref
'40
•40
•40
•40
•40
•40
51
61
51
51
51
51 Ft. Worth&Den. C.stmp.
40 Mayl2 54 Feb 3
• 100
•100
'165 175
168 175 Great Northern, pref
175
176 •160 176
165 175
170 Marl 7 186 Mar23
72 Mar24 79% Jan 7
Green Bay&W.,deb. ctf.A
12
12% 12% 12% 12% 12%
Do
deb. ctf. B
56 11 J'ne 1 15% Apr 6
•63
•64
09
69
69
65
65
66
67% •64
866
66 Hocking Valley.
850 60 May24 77% Jan 22
80% 80% 80% 80% 80% 81
81
80% 80% •79
81
81
750 77 Mar 12 85 Jan 7
Do pref.
• 12934 130
12934 130% 130 130% 130 130% I2934 130% 129% 130% Illinois Central.
3,153 12534 Feb24 134 34 Jan 28
17
18
16% 10% 16% 16% 16
16% 17
18
17
1,100 14 J'ne 4 22% Jan 8
19
owa Central
33 30 *33 36
36
83% 33% •33
33% 33% '33
200 32 Feb25 42 Jan 14
86
Do pref
'22
'22
25% 28 •25 28 •25% 28 Kanawha
25
25
29
29
100 22% May 9 29 Jan 21
Michigan.
&
66
60
66
66
66% 67
66% 66% •65
66% 66% 66%
1,023 64% J'ne 1 70% Apr 12
C.Ft.S.&M.,tr. cts. pfd
19% 19% 20
20% 20% 20% •20
20% •20
20% 20% 20% Kansas City So. vot. tr.
875 16% Feb 24 21 Jan 21
•38
41
40
38% 39
39% 39% 39% 40
40% 39% 41%
Do pi e7. vot. tr. ctfs
2,850 31 Feb 29 41%J'nel7
•12% 15
•12% 14
•12% 14
•12% 15
•12% 15
•12% 14 Keokuk & Des Moines..
10% Jan 11 19%Aprl2
-47
•47
•47
•47
•47
•47
52
62
62
62
62
62
45% Apr 7 52 Apr 12
Do pref
•28% 29% •28% 29% 28% 28% •28% 29% •28% 29% 26
400 26 Marll 30%Jau25
27 Lake Erie & Western..
•96 110
•90 110
•96 110
•96 110
95
95
85
85
800 85 J'nel7 395%May24
Do pref
• 250
275 •250 275 8256 250 8256 256 •250 275
250 275 L. Shore & Mich. South'n
24 8256 J'neU 327134 Eeb24
•42
•42
•42
•42
60
49
50
49
44
50 Long Island
46 MaylT 65% Jan 2
109 109% 108% 109% 108% 109% 108% 109 34 109%109% 109% 109% Louisville & Nashville... 15,875 101 Feb 23 Ul%Jan22
144 144% 144% 145
144% 148% 147% 148% 147% 14734 146% 14734 Manhattan Elevated... 28,040 13934 Marl2 148%J'nel4
7934 80%
79 % 80
7934 803«
79% 793, •77
79% 77
77 34
7,205 72%Marl4 92 Jan 21
etrop. Secur., sub. rec,
113 114
112% 114% 113% 114% 112% 114% 113 113% 111% 113 Metropolitan Street
51,122 10434 Marl4 124 Jan 2
16 Jan 15 17% Jan 4
Met. West Side El. (Chic.)
•65 ....
45 Mar 9 50 May25
Do pref
•7%
734
•7%
7% 7=8
7% 7%
7%
7%
7%
5 Apr 23 14%Janll
7%
6,220
7% Mexican Central
•120 135 •125 140 125 140 125 140
129% 129% •125 130 M ichigan Central.
100 3119% Feb 1 138 Feb26
•20
lor PreviouM
Year (1903)
140
Canada Southern
3134
lor Year
of 100-sharelots
Week
Arbor
Ann
Do pref
53
Range
On basis
Shares
831% 31%
30% 30% Chesapeake & Ohio
•38
38% 38
38% •37% 38% Chicago Alton...
*T8% 82
•78% #i
•78% 80
Do pref
"30%
01
the
EXCHANGE
20
50
72%
94%
79% 80%
48
115
132
119
Sales
STOCK
Railroads.
27
65
•50
71
94
67
101 34 161 a4
STOCKS
NBW YORK
91% May
Sep
Jan
Jan
69% Jan
73 Sep 89% Feb
55 34 Nov 81 Jan
19% Aug 53% Jan
55 34 Sep 86 Jan
30 Aug 72 Jan
7 Oot 15% Jan
32 Oct 58 Jan
13 Oot 24% Jan
376
94
115
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
KKW YOBK
America
Banks
Bid
Ask
City
260
Coal A Iron. 166
Colonial 11 ... 450
265
505
225
825
Columbia .. 350
Commerce.. 205
400
209
Butch's&Dr 140
Century A
Consolidated 145
C'rnExchgel; 340
155
155
180
...
170
000
1i
Discountl]... •145
East River.. 150
202
380
Fourth
485
Amer Excli.. 215
Astor
725
BoweryU
325
'i
Bid
Banks
165
165
Chatham
.120
340
Fidelityll.... 180
200
Chelsea ExcU 175
Fifth A veH.. 3600 4000
Chemical
4025 4*l66 Fifth
300
Citizens' Ctrl 145
150
First
590 610
V * Bid and asked prices; no sales were made on this
1 Sale at StockExchange or at auction this week.
Ask
Gansevoortli 140
Garfield
500
German Am!i 155
Greenwich
HamiltonH
Hanover
Imp
..
Banks
Bid
Ask
100
500
960
165
Maiden Lane 105
Manhattan^. 310
Market & Ful 24S
Mechanics'
19 th Wardll. 150
Liberty
600
270
175
500
Trad. 540
215
Ask
525
560
222
147
530
1050
325
255
1250
Mech & Tral 125 130
Mercantile .. 237
Merch Exoh. 160 170
Merchants'.. 175
185
MetropH .... 375 426
MtMorrisll.. 215
230
.
Bid
Banks
102
525
Mutualll
NY
North Amer. 200
Orientall)....
220
230
People'sli
a
270
165
RiversideU
250
600
000
130
800
195
120
125
155
..
Seaboard
Second
Shoe & Leth.
34th Street..
12 th Wardl).
23d Wardl..
.itM
Park (new).. 440
Plazall
Prod ExchU
205
Northern.... 115
3 Less man 100 shares,
i Ex ngnts.
'I State banks,
A Assessment paid
Trust Co. certificates.
day.
s
&
..
1i
Bid
JeffersonlJ... 142
German Ex' 375
Germaniali
Banks
250 230
NassanH
180 190
New Amster 390 410
New York Co 1500
Nat Ex. 190 210
New York... 280 287
14thStreetH. 300
460
290
Union Exchli
Ex dividend and rights,
Ask
110
550
175
280
..•••
..•>•
145
......
205
...*••
165
100
b
New stock.
.
V
'
.
242G
7
Stock Record
.
—Concluded—Page
STOCKS— HIGHEST AND LOWEST SALE PRICES
Monday
Saturday
June 11
Wednesday
June 15
Tuesday
June 14
June 13
STOCKS
NEW YORK
Friday
June 1
Thursday
June 16
*62
45
161
•60
46
44
1 03
12
1
•116
-is
• •••'i.,
120
20
23 4
30
•10%
12
30
40% 47%
21
21V
814 81%
•91
93 Hi
214 21%
116
•18
120
20
J23% 28%
S.C4
85%
85
93
16V
Hi '4
34% 35%
85
92 Hi
47
47 4
47%
92%
•8%
164
10V 16V
34
35
14
14% •14
41
4 414
42
•20
22
17
°28
•223
49%
174 17 4
71%
28
98 h
•181
*34
•17%
*6»4
.;
4
90
90
28
188
1734
7
174
D'4
6
6%
0*1
27% 27%
7%
9
22 4
30
'744 75
75
•71
220
210
7
•474 49
30% 30%
64
10 4
189% 190
•113 4 114
74
210
*5
7
•47 4 49
30
30
64
•8
12
189 41901.
jfll44114i
10% 10 3
104 10 4
•664 70
674 67i
20
20
20
20
167 1571
158 158
10 3
4
67%
1
-.
'181
5%
6
•34
17
7
24
19
29
19V 194
*3
24
4
10%
11
67 H.
•83 Hi 34
•30
37
•70
76
•7
10
46 34
45
•67 4
•33
•30
*70
•7
128%129
10
72
11
75
73
210
210
•744
"5
21%
116
•17
120
17 3
L7
88
22
90
28
188
•22
•131
4
y
30
194
4
89
95
•128 3« 130
•10
11
744 77
72
210
•5
484
49
30 4
64
724
220
7
49
30
64
6%
6%
•80
41
16
78
37
84
1
1
41
•15
•75
14
*31%
6%
40 34
*15
75
16
•754 78
364 364
•80
•%
34 4 35%
•24
27 4
84
74
234
194
88
90
28
188
•54
6
6
34
6%
26%
7
4
4
'16
17%
7
26V
74
9
•234 30
18% 19
30
19 4
82% 82%
24 2 4
483
2 34
•10
11
210
77
72
220
744
704
5
19
54
98
10
10
754 754
70%
215
76
215
•5
7
7
*484 49
•48% 49
294 30
64
114
113 34 114
114
114
11
194%
15641584 C15141534 151% 1524 150
152
11
67
20
10% 10%
66
20
11
11
684
34 4
68
34
•30
•70
104
20
V0% 114
654 674
•66
35
429% 29%
70
•7
11
20
10%
65
11
67
34% 35 V •34% 354
30
76
•70
10
•7
•70
•70
75
•64
64
64
•41
•15
42
16
78
37
85
42
•15
764
36
885
75
6%
42
16
•754 78
36
82
*%
37
83
*%
•64
154
274
754
82
•36
*%
•24
|53% 63%
54
54
•6%
7
80
103
106
{103
6% 6%
79% 80
103
103
106
6%
6% 0%
79% 79%
04 6V
69 4 60 34
'
7
Do
64
A
Lake Erie.
Wisconsin Cent.
Do
v. tr. cfs.
pref. vot. tr. ctfs
Adams
&
Hiseell
Do
pref
American Dist.Telegraph
American Express
American Grass Twine ..
Amer Hide <fe Leather
De
pref
American Ice
Do
pref
American Linseed
Do
pref
American Locomotive...
Do
pref
American Malting
103
47
American Woolen
Do
pref
Anaconda Copper
Brooklyn Union Gas
runsw. Dock & C. Imp't
Butterick Co
Clolorado Fuel & Iron...
1 Do
pref
Hock. Coal & Iron.
Consolidated Gas (N. Y.).
Continental Tobacco, pref
Col. <&
General Electric
International Paper
Do pref
International Power
Internat'l Steam
Do pref
Pump..
Manhattan Beach
Biscuit
64
4
78
37
83
36
•82
14
,*%
•34%
36
27 s
24
103
7
way
Steel Spring...
Do pref
U. S. Cast 1. Pipe A Foun.
Do pref
103 4 United States Express...
6 34 United States Leather
79 4
Do pref
S
6%
79 4
105
ail
t>tDo pref
6V Republic Iron & Steel ...
40 V
Do pref
16
Rubber Gooda Mf g
79
Do pref
36 SlossSheffleld St. <fe Iron
83
Do pref
IV Standard Rope & Twine..
35 Tenn. Coal, Iron <6 RR...
27 4 Texas Paciflo Land Trust
Union Bag& Paper
40 4
52 V
6
234
"6V
90 Feb 25
20 4 J'ne
82
27 34
1
7.74 Jan
Marl
4 124
J'nel6
4
22
29 4
Ft/irj
39 4
82
874 Feb 23 95 J4
1
4 May27
1
4
6
15
Feb 17
9
42 4 Apr 19
MaylO
15
32 34 Feb 24
144 J'ne -
470
310 4141'nell
22 Feb 24
12 Jan
47 4J'nell
21% Jan 27
41 Jan 25
19 4 Jan 22
62% Jan 22
29% Jan 27
J'ne 6
J'ne 6
21% Jan 20
47% Jan 27
16
L080
600
37
80
79% 79% 479% 79%
6
6
6%
6
6
64 •64 6%
5% 64 (J S Realty <& Construction
67% 67 V 67 4 59 34
69% 60
69 4 59 4
68% 68%
Do pref
164 10% *15% 16% 16% 10% 16% 17
164 16%
16% 16% United States Rubber...
«6 4 00%
66
66 4
664 60 4 654 664 644 664 64 4 66-4
Do pref
9
USi
94 9%
9V
9V
04 9%
9
94 94
94 United States Steel
61% 64',. 63% 64% 64 4 64% 64 4 65
54 4 54 3,
53% 54%
Do pref
26 28
25
25 4
264 26 4 26
27
26
26
264 20% Virginia-Carolina Ohem.
101 101V 1014101V 101 101
1004 1004 41014 1014 101 101%
Do pref
Vulcan Detinnlng
•97
•164
*175
•203
210
87 4 487% 88
166
166
1564
200 •175 200
210
;l
203
•87
•154
180
210
88
156
200
•203
210
487% 88
•164 160
•176 200
4200
200
486% 87%
•164
175
156
200
•200
154
175
Do pref
Wells, Fargo A Co
210
874 874
166
200
90 4 Feb
Aug 88
Dec
78
Feb
Feb
65% Aug 104% Jan
834Aii!i 95 4 Feb
Dec 22% Jan
9
35 J'ly 64 4 Jan
Oct
16%
32% Feb
27 4 Sep 554 Feb
12 J'ly 27 4 Feb
404 Nov 62 May
20 Sep 384 Feb
14 4 Oct 294 Feb
33 Nov 55 4 Feb
2220 Feb 2 226 May 12 4204 Jan 235 Feb
43 4 Feb 8 524 Apr 8 33% Oct 75% Mai
16 May 16 21% Jan 27 17 4 Nov 41% Jan
67 Jan 6 74% Apr 7 604 Nov 93 Jan
24% J'nel4 32% Jan 25 25 4 Aug 464 Feb
11
88% J'ne 6 90 Feb 9 82 J'ly 98 Feb
23 Maril 25 Jan 15 24 Nov 41 4 Jan
"So ISO J'ne 2 2197 Jan 27 171 Aug 235 Feb
100
8 4 Feb 15
6 J'ly 29% Jan
6 4 Jan 19
24 Oct 114Jan
2% Jan 5 5 V Jan 27
209 11 4 Jan 5 18% Apr 8 10 Oct 37% Jan
285
4 Oct
i'.'h Mar24
11% Jan
9 V Jan 2
630 244 Mar24 36 4 Jan 4 16 4 Oct 42% Jan
300
5 J'ly 19% Jan
7
J'ne 2 12 Jan 22
22 4 J'ne 1 30 Mar21 23 4 Nov 484Jan
700 16 4 Jan 6 23% Feb 16 10 4 Oct 31% Feb
1,41
75 4 Jan 6 84 May 6 67 4 Oct 95% Feb
100
24J'nel6
2 4 Mar
5 4 Feb
4% Jan 22
700 16 J'ne 3 22 Jan 14 144Sep 244Jan
9,815 46 FebJo 544J'nelO 36% Oct 52% Feb
11,345 88% Jan 6 98%J'nel8 804 Oct 99 4 Feb
20 110 Jan 21 120 Feb 29 90 Aug 126 Mar
100 85 Jan b 93 J'ueI4 80 Sep 98% Jan
10,900 1224 Mar 7 131% Jan 25 1074 Oct 134% Jan
200 123 Jan 4 127 May 13 116 Aug 123 Deo
1,500 121
Feb 16 130 Jan 25 1174 Oct 169 Feb
200 10 Jan 4 12 4 Jan 11
7 4 Oct
14% Feb
250 69 Jan 25 75 4 Apr 11 65 Oct 80 Jan
400 61 Feb 20 80 4 Apr 12 58 Oct 125 4 Feb
410 185 Marl6 227 May 11 170 Sep 225 Jan
154Jau
5 Oct
5% May 24 7 Jan 26
47% Feb 19 49% Mar 7 40 Aog 65 Jan
800 25 4 Marl
344 Jan 27 24 Nov 824Jan
63 Apr 5 65 Jan 27 65 Dec 122 Jan
400
9 J'ne
16% Jan 26
9 4 Nov 22 4 Keb
210 4Apr2(J 164 Aug 222 Jan
23,553 185 Feb
510 101 4 Jan
114 J'ne 8 94% Aug 119 Jan
500
22% Jan 25 15 4 Nov 35 Mai
9% May
390 65 Mar
74 4 J an 23 60 Nov 85 4 Jan
1,375 19 4 J'ne - 264 Jan 21 20 J'ly 34% Jan
2,833 cl514J'nel6 179 4 Jan 23 136 Sep 204 Feb
900 10 4May26 14% Jan 25
9 J'ly 19%Jan
855 644 Feb 9 684 J'nel4 57 4 Not 744 Feb
600 26 Mar 1 35 4J'nel6 23 Nov 73 Jan
25 29 J'ne 7 40 Apr 7 28 Dec 464 May
714 Feb 9 78 Apr 7 70 Oct 89 4 Jan
64Mar21 8 Apr 19
64 Sep 13 May
2,640 36 Jan 4 45% J'nell 32 Oct 47% Feb
227 1004 Jan 16 107 V May 14 94 Oct 106% May
6,950 14 4 Feb 25 22 J'ne 13 10 4 Nov 29 4 Feb
794 80%Jan26 94 V J'neU 75 Oct 95 Feb
100 120 Feb 25 139% Jan 22 105 Oct 177 Jan
150 80 Mar 12 90 Jan 26 68 Sep 1244 Jan
170 24 Feb27 334 Jan 18 17 Aug 42% Jan
4,230 92 34 Mar 12 102% Jan 23 87% Sep 108% Keb
1,300 24 V Mayl6 33 Jan 28 22 4 Nov 65% Jan
320 67 Maylb 72 4 Jan 28 62 4 Nov 95 Feb
164 209 Marl4 2194 J an 22 196 J'ly 235% Jan
16 MaylS 24 4 Mar 2 16 Sep 87 Feb
100 71% Mario 78 Jan 4 67 Nov 90 Feb
500
6 MaylO
8% Jan 20
5% Nov 22% Feb
1,160 37 Mayl3 49 4 Jan 23 36% Nov 80% Feb
100 14 34 Apr 15 22 V Jan 27 12 J'ly 30 Feb
74% Jan 15 79% Apr 4 60 J'ly 844 Feb
200 31 4 Jan 7 41% Apr 12 224 Oct 72 Feb
30 77 Jan 5 84 Apr 6 67 Nov 974 Feb
%Sep
100
6 4 Feb
% Mar 4 1% Feb 24
3,680 31%Mayl6 4l4Apr 7 25 4 Nov 68% Mar
25 MaylO 29 Jan 22 22 Aug 40% Jan
100
4 Mar22
5 4 Jan 20
4 4 J'ly 15 Jan
130 45 Feb 24 584 Jan 4 57% Deo 79% Jan
6%Mayl6 84 Jan 21
6 Sep 15 Feb
126 40 Mar24 46 Jan 22 33 Nov 55 Feb
210 100 Feb 24 110 Jan 25 95 Aug 1504 Hi'l)
650
6 Sep 15 V Feb
64 May27 84 Jan 25
1,178 75%Jan 4 81 4 J'ne 9 71 4 Oct 96% May
2,600
64 Jan 16 9% Jan 21
4 Dec 28 4 Jan
3,020 40 Jan 14 63%May23 304 Nov 73 Jan
194 Foo
58 Feb
Nov 39% Feb
49% Nov 89% Jan
174 Sep 66% Feb
80 Aug 128 4 Feb
17 Sep 39% Feb
5 4 Deo 33% Jan
70 Sep 81 Jan
4200 J'nel6 4212 Jan 6 4191 J'ly 249 4 Feb
346 85 MaylO 80% May 9 804 Sep 93 Jan
100 153 May 2 173% J an 21 130 Oct 221 Jan
4180 Apr21 194 Jan 19 160 Sep 224 Jan
I84 May 4
684 Apr 29
12%
10.545
8%Mayl3
Jan 2
61,485 51V MavlS 62 4 Apr 7
1,880 23 4 Apr 16 84 4 Jan 25
1,269 97% Apr 16 1064 Jan 26
20 Apr 20 20 Apr 20
Virginia Iron Coal A Coke
•203
Highest
J'ly
Jan 23 148 4 Sep 170 J'ly
Jan 22 1 2 Aug 30 Jan
Jan 28 24 Aug 66 Jan
Jan 27 38% Sep 68 V Mai
Jan 27 16 4 Oct 36% Jan
Jan 22 69 4 Oct 96 Feb
Jan 26 85 J'ne 964 Mat
Jan 23 20V Aug 43% Feb
Jan 13 100 Oct 128% Jan
Jan 21
17V Oct 37% Jan
Jan 23 15 Sep 31% Jan
Apr 25 24 Sep 48 Jan
Jan 21 79 Oct 1224 Jan
156 J'ne 4159 V Deo
Marl 4 90 Apr
71
*864 Feb25 94 4 Apr
ion
Lowest
56
68
39
Express
malgamated Copper... 34,780
One
American Car A Foundry
400
Do pref
1,705
American Cotton Oil
75
15
76
1 4 Mar 14
18V Pel) 2
•1
164
36%
47:.
1,600
4,900
pref
Do 1st pref
Do 2d pref
•164 18
4414 414
103 V 103 V
Wabash
Wheeling
454 National
•72
167
J'ne
18
1,011
pref
106 1064
Do pref
20 4 21 National Lead
92
94
Do pref
•125 132 New York Air Brake
•82 4 85
North American Co., new
•25
26 4 Pacific Mail
964 97%
eop. Gas-L.& C. (Chic.)
•264 27 Pressed Steel Car
•69
71
Do pref
4214 214 Pullman Company
75
15
33
76
10
•7
45
«42 4 42 4
14
•34
34% 35
274 •24
3
4% 4 4
35
35
•24
72
•30
•70
37
76
10
45 4
28
2
5
•104 11V Corn Products
68
684
Do pref
204 20 4 Distillers Securit's Corp.
11
•66% 70
4194 194
35
37
76
10
•7
70
494 Jan
loi
248*,8'
Do pref
63% 63%
Amer. Smelt'g <fc Refln'g.
984 98
Do pref
4
122 4 •117 1224 American Snufl
884 95 88 95
Do pref
126% 126% •1264126% American Sugar Refining
126 130 -126 130
Do pref
1294 129 4 12941294 Amer. Teleph. <fe Teleg...
17
294 30
64 *
9
•94 114 "*y" 11
190 1934 193
1904 189 190
30
Do
83
24
18
28
850
350
UnitRyslnv'totSanFran
17%
7
'-
Jan'
prei
nion Pacific
U':Do pref
26*4
112
14
34 4 35 4
27 4
24
171,
12
10% 11
•66 4 70
6%
40%
4
704 70 4 704 71
26
244 24 4 *24
•16
47
26
Do
26
2,000
892 115
Twin City Kapid Transit.
Industrial
17
'
•70
'4
17
4
&
Texas
?70
94 .I'no
81(
1,710
337,5 41
8,420
2,055
118 34
49%
'45
454 454 45% 45 4 45 4 454
10641006 • 105% 106 4 105% 106% 106 1064
21% 21% 214 21% 20% 21
21% 21% 21% 2
•92
93 4 93 4
96
93
934 944 •92
96
93
'125 132
125 132
125 132
•125 132
1314 1314
82
*82
83
85
85
85
85
85
4
85
4
•SB's
4
• 24ia 26V *25
27 4 •244 26
25 4 25s •25
264
"96 4 97
97
97
97
96% 97
97 V
96% 974
3
3
26 4 27
26% 2ti 4 •264 274 26% 27
26% 27
•68 4 71
*684 704 469
70
•69 4 71
70
70
2114 21m, '211 21118 •211 213 4213 213 •212 214
•164 18
•164 18
164 18
•164 .18
»18% 18
73
7-
Mar
1,725 394 Jan
100 150 Jan
stock tr. cits...
<).
Highest
Lowest
461
2d pre*.
C.<fe E. I. com stock tr ctfs
St. boms southwestern.
M A
tor Previout,
Year (1903)
I
Pacific
I hint Avenue (N. Y.L.
20 4 Toledo Railways A Light
23
Tol. St. L. ite W. v. tr. ctfs
374
Do pref. vot. tr. ctfs.
1
225
228
•105% 106V
73
2
-T112
11
68
34
37
76
10
85
Range
for Year 1904
01 100-share lots
Week
.
1
228
49% 49 4
•54
•34
6
4
1st prei
Do prei
234
444 40^ southern Pacific Co
southeriiv.tr. cfs. stniped
20% 2
Do prof.
(to
84% 84
49 3
181
1264 127
125 4126
7
484
190
114
L2
Range
On basis
Shares
27 4
•\!\''\
225
82 4 83
93
93
125 4126 8B
125 1264
9
162
Id
-
18
"6%
7
26% 26 34
82 4 82%
•29
464
15
155
20%
•16% 19
17
174
17% 17% 17
63 4 54
53%
53% 63% 53% 534 54
98 4 98%
984 98 34 984
98% 984 98
122 "a 117 1224 118 1224 117 120 117
*74V 74%
11%
16%
48
116
20
20
16*4
*m
"94
1
90
28
188
4
234
63 Hi
98
f
•117
•90
•90
93
93
126 V 126 4 126 126 34
12.-)
»125 126
126
12841284
128
11
10% 10% •10
•70
•210
"21%
25
174
$6% 6»,
264 264
74 74
e
4ll'_
*
4
93 4
25
88
22
28
188
17
4
6
1544164
8
228
494 50
244 25
4SS4 884
194 19 4
82 4 82
•3
48%
21%
4 •16% 17 4
70 4 70S
704 704
•54
*3%
4
the
LASFr.JPM&Coctls
Do
Do
•60
71
284
17
4188
17 34
L24
'225
494 49%
•22
4
•18
23
228
•Ui'4
5 34
5%
4
'
704 704
25
264
•3 V.
9
•8
225
181
*224 30
iy^ 194
82% 82 7e
i
228
49 4 60
16 '4 16 34
188
8
•26% 27%
•7
38
•22
4
104
17V
38 4 38 4
28
4
$42 4
•20
42
23
'225
49"%
"in
•89
34
164
•61
•45
224 234 23
4 23%
36% 36% 4374 37 4 35
944 494 4 944
93 4 •934 94 4 '93
86% 87% 86% 88%
86% 86% 85%
92 4
§91% 91% •91
92% 92 4 93
•9 4 10
•8% 10
10
94 94
47
47
46 4 47
47% 47
47 V
104 164
164
u>v
16
16 V •16
35
34% 34%
35
344 35 4 34%
15
15
14V 154
144 14% 14%
40 42
40 43
43
42 4 40
20 23
20 23
•20
23
23
164
•164
174
17
17
174
17V
38 V
384 37
384 37% 37% 37
934
L44
•164 is
•374 40
i.i
20
23
J3
•354 37
86
82 Hi
Hj
464
«»
1
•14
•20
«
;
1
70
•10 4
4
47% 45 34
21
204 21
844 84% 84%
93 4
"21%
2 "s 214
lis
1204 i a
i
87 4 37'-.
93 4 93 Hi
474 474
>160
1%
29
•18
37"s
*92
'-.
1
1
29
4
37
•934 944
•62
46 4
1
1
114
12
20% 2»»i
474 4 7%
20% 21
84 4 hl' P
• •
93%
2L4 21 4
<t
•62
72
72
45 4
164
'1694 164
Sales 01
STOCK
EXCHANGE
St.
[VOL. LXXVII7,
2
est'n
1,000
104 Feb
850 41
6
Jan 4
7
304
J'ly
J'ly
10
•2
Union Tele'gpli
West'gh'seEl AM fgassen
Do lstpref
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Unnk*
Bid
WtUh.H'ntal 200
West
Sidell
Vorkvilleli
.
..
dOO
375
Ask
Bid
itinii.-
Ask
Trust Cos.
|
Bid
ASk
Trust Go's
Bid
Ask
ltUOOKI.YN
N. Y. CITY
Bankers' Tr. 280
Bowl'gi .i.in 200
Manufactrs'. 350
M
1275%
Merchants'..
15
ecbaalesl]
-
1
Trust
Co%
Ask
Bid
Trust Co'a
Bid
Ask
Milt. Alliance
Exchange Tr
Farm Lo a- Tr
Fifth Ave Tr 525
Guaranty Tr 575
Guardian Tr 165
1380
550
200 220
N Y Life&Tr 1000 1030
N Y Sec A Tr 600 605
North Amer. 245 256
BROOKLYN
Brook yn Tr 390
190
Flalbush
320
Franklin
Hamilton
290
400
Kings Co
Lis! L&Tr.
200
Real EstTr't 325
M
SiaiidardTr'l 325
340
480 500
175
340
Tr Co of Ain. 222
300
1930 I960 Ivuick 'rli'k'i J10
Union Trust 1350 1400
360
Lincoln Tr...
260
280
150
17lh W.ml'
BoroHghU
ISO
>00
290
290 300
Manhattan .. 475
U s BltgATr 350
S| Hague
Broadway*.
300
200 210
Cuinnioiiw'tli 70
250
M cn-aut lltt .. 975 1025 Unit states 1450 tso
75
Brooklvn'
130
185
Van
esantl
Eastern Tr.. 15S
N'denTi 190 200
326 350
102
Merchants'.. 200 220
Con'yl&BB* 140
Knipire
Washington 390
160
250
246
ii05
Metropolitan .)90
Wllllainsb'g. 235
too
1 11st
WnllnbouMI
Kqmtable Ti 680 700
!90
130
Windsor
MortonTrust SSI) 898
180
Hid and asked prices; no sales on tills day. 4 Less than LOO •hare*, t E* rights.
Ex dividend and rights,
1 Sale at Stock Exchange or at auction tins week.
Ex stock dividend, s Trust Oo. oeniiio.itos.
Banns in irked with a paragraph (H) are State banks
360
111
BROOKLYN
Nat City....
.North Side*
People's* ...
ipo
230
BroadwayTr.
305
C'IK'lvlW'I'r
Central Tr'st
City Troat...
Colonial
1
.
.
.
*,|
1
'
New York
7
1
Exchange— Bond
Stock
Record, Friday,
4
l
Weekly and Yearly
OCCUPYING POUR PAGES
BONDS
Price
STOCK EXCHANGE
Week Exwxn June 17
N. Y.
"St
Ask Low
Bid
U. S. (lovernment
U a 2s consul registered. t/1930 Q -J 10441054
<U93( <J-J
U S 2s cousol coupon
1053b 106 34
U S 2s consol reg small.. </193i y-J
U S 2s consol coup small. <(193t) (jj
1054106 4
fcl9D- U-F
U a 3s registered
3
BONDS
Range
Week's
Jiangs or
Last Sale
Friday
June 1 7,
STOCK EXCHANGE
January J
Week Endino June 17
Low High Central of Ga—< Continued)
High No
May'04
1004ilar'U4
105
105*8 May'04
106
106
107 J'ne'02
105 "bio-; 3
105 34 108
105
1074
1054 1004
;
U
U
U
U
V
V
V
fcl9l8 3-F
3s coupon
3s reg small bonds.. fcl9 18 y-F
3s cou small bonds. .fcl9l!~ 3-F
y-J
A. 190
4s registered
8
a
a
S
a
S
/il'JO
4s coupon
1926
4s registered
1926
a 48 coupon
Philippine Islands 48.1914-34
Foreign Government
FrankforUon-Main 34s ser
1.
These are pric
Japanese Govt 6s ctfs full paid
Repub of Cuba 6s ctfs full paid
2d mstal paid for Os of 1904
XJ a Ol Mexico a I g 5s of 189'.'
t
State Securities
Alabama
class
A
4 to 6
1
Din
B5s
C 4s
1900
1906
Currency funding 4s
1920
Diat of Columbia 3-65s
1924
Louisiana new consol 4s.. 1914
Small
Missouri funding
1894-1995
North Carolina consol 4s. 1910
1919
6s
1933
So Carolina 4 4s 20-40
Tenn new settlement 3s. .1913
Small
Virginia fund debt 2-38... 1991
6s deferred Brown Bros ctfs.
Class
Class
Q-J
y-F
y-F
y-F
M-S
s
on
Oct
Sep
y-J
tl
J-J
J-J
J-J
106
106
4
105
1053.J
10641 00 -V 106 4
107 4 107 3j 1074
133% May'04
1323s 133
1334 1324 J'ne'04
....
111 34 Mar'04
102 34 May'04
109 4 Oct '00
102 4Mar'02
102 4.
102 4
J-J
11 1
119
J-J
1044.
Mar'02
121 Mar'03
106
105
109 4 Feb '99
.
J-J
J-J
20
102 Feb'04
1364J'ly'01
120 Mar'Ot
97
97
A-O
J-J
1
97
...
954...
964
64
7
934Nov'03
92 4 Mar'04
64
7
20
Knilroiul
Alabama Cent See So Ry
laba Midi See At Coast Line
Albany <& Susn See Del & Hud
Allegheny Valley SeePeunRR
AUeg & West See Butt R & P
Am
Docket Im See Cent of N J
Ann Arbor 1st g 4s
A1996
Atch T <& 8 Fe gen g 4s... 1996
Registered
1996
Adjustment g 4s
ft.1995
Q.J
944 Sale
A-O 102 4 Sale
A-O
Nov
91 34
Registered
/tl995 Nov
Stamped
90 4 Sale
&1995 M-N
East Okla Div 1st g 4s.. 1928 MS
954 964
Chic & St Louis 1st 6s. .1915 M-S
Atl Knox <& Nor 1st g 5s. .1946 J-D 1084
Atlantic Coast 1st g 4s./<-1952 MS
954 Sale
Charles & Sav 1st g 7s. .1936 J-J 1354
Sav F & W 1st gold 6s. .1934 A-O 124
1st gold 5s
1934 A-O 112-4
Ala Mid let gu gold 6s 1928 M-N 1104
Bruns <fe W 1st gu g 4s 1938 J-J
934
SU 8p Oca & G gu g 4s 1918 J-J
96
Atlantic & Danv See South Ry
Atlantic «fc Yadk See South Ry
Austin <fc N
See Sou Pacific
954 954
Bait & Ohio prior 1 g 3 4a. 1925 J-J
W
A1925 y-J
Registered
Gold 4s
?il948
A-O
A1948 Q-J
1911 M-S
P Jun & M Div 1st g 3 4sl925 M-N
Sys ret 4sl941 M-N
South w Div 1st g 3 4s... 1926 J-J
Registered
A1925
Mouon Riv 1st gu g 5s. .1919
Cen Ohio R 1st cg44a.. 1930 M-S
Registered
Conv deb 4s
PLE&WVa
&
Pitts Clev
Tol 1st g 6a 1922 A-O
Pitts
West 1st g 4s.. .1917 J-J
J P
Co certfs
Bat Creek
a See Mich Cent
Beech Creek See
C
Bellev
Car See Illinois Cent
Bklyn
Montauk See Long 1
Bruns <fc West See Atl Coast L
Buffalo
Y Erie See Erie
Buffalo R
P gen g 6a... 1937 M-S
All
West 1st g 4s gu> . 1998 A-O
CI <te Mali 1st gu g 5s.. ..1943 J-J
Roch <fe Pitts 1st g 6a. ..1921
Consol 1st g 6s
1922 J-D
Buflalo <fc Southwest See Erie
Bull
Susq lat ret g 4s.dl951 J-J
Bur Cedar R No lat 58.1906 J-D
Con 1st col trustgSs.. 1934 A-O
&
M&
&
102 4 Sale
97
894
954
91 4 Sale
934
944
4
101 34 1024 279
101 4 J'ne'04
9134 "58
914
82 4 Jan '04
89^
904 201
96
954 30
1144 Oct
954
964
FA
147
1124Jan'04
112 Apr '04
87 Aug'01
91 4 Oct '03
95 3
95 % 48 924
4
95 4 May'04
924
102
1023s 129 1004
1014 J'ne'04
100
98 Apr '04
97
894
894 12 874
6 924
96
96
914
91 34
874
96
954
1024
1014
98
8934
97
91 34
105 4 Mar'04
108 J'ne'04
108
1194 Mar'04
1194122
98
1054105 4
98
J'ne'04
108
98
1134117
V
12141214
1214124
974 994
1913 M-S
Registered
1913 M-S
Carb <& Shawn See 111 Cent
Carolina Cent Bee Seab Air L
Carthage & Ad SeeNYC&H
5s
CedRIaF&N
Cen Branoh U P
Cen Branch Ry
Sale
106»4
107
11041104
10241054
10441074
107
Aug'03
BC RAN
See
1st g 4s. . . 1948 J-D
See Mo Pac
&
Ohio
Cen RR <fe B of Ga col g 5s 1937
Cent of Ga RR 1st g 6s..pl945
Consol gold 5a
1945
Registered
1945
lat pref income g 5a
pl946
2d pref income g 5s
p!945
-See
107
1014 1034
1154117
Balti
91
92
91
91
10
90
924
F&
8t Paul 1st 5s 1909
Winona & St Pet 2d 7s. .1907
L S & West 1st g 6s 1921
Ext & Imp s fund g 6s 1929
Aahland Div 1st g 6a.. 1925
MU
Mich Div latg6s
Convertible deb 6a....l907
Incomes
1911
Chic Rock Ial & Pac 6s... 1917
Registered
1917
General gold 48
1988
Registered
1988
Coll trust Series C 4s .. 1905
H4a
M4s
N4s
P48
Chio R I &
1910
1915
1916
1918
Pac
RR 4s. .2002
Registered
Coll trust gold 6s
M-N 107 ....
F-A 1174--M-N 1094 110
M-N
107
Oct
Oct
74
108
Apr '04
1164 Mar'04
1094 1094
107
78
*344 354 344
107
74
36
1064108
1164118
10341094
1054107
664 76
28
364
1924
2002
1913
J-J
J-J
F-A
F-A
J-J
J-J
A-O
A-O
M-N
M-N
.M-S
1024.
974
834
79 4 Salt
103
130
J-J
J-J
J-J
J-J
J-J
y-j
1104.
129
1054
.
Ill
.
99
52
1104 J'ne'04
109 34
11
11641174
lll 34Sale
129
109 34
1004.
105
114
107
116
,
129
1264129
108
169
109
13
108
175
1104
107410934
974 984
117
117
III34
111 3
1374J'ly'90
1154119
1094111
10
114 34 117
3 109 34 111*4
11641184
106
169
106
169
'03
107 May'04
112 4 J'ne'04
112 May'04
115 4 May'04
110 34 11034
.
100
1124113
Apr '01
1104 Feb'04
1134 001
U0 5H.
10041024
10841064
129
117 34 May'04
106 Mar'04
169 Mar'04
1134.
1074,
112%.
1114.
1164
9in»
Dec '02
.
>2
944
1094
1144118
1184...... 116
1124
101
10641084
984 May'04
U64Apr'03
99
1154
91
904
Jan '04
Apr'04
109
111
.
1094.
814 844i
744 80
J'ly'03
1104.
107
106 34 li)7
11034 1124
109 34 1114
114 1154
3
110 34
*
114 4 1174
HO
1154
1144.
1284
1034.
1154
10234
1024 May'04
96 4 May'04
1024 1024
11141114
128
.
1274 1294
J'ne'04
102 34 Apr'04
.
974.
10234 105
964
993*
116
112
110
118
Nov'98
1114 Apr'04
....
111
1104 110
1084 1104
1044
1024
Sale
106
104
104
103
,
109
1074
1154
1144
1084
1014
,
,
M-S 104 34
M-S 1044
M-N 1094
M-N 1274
F-A 118
Mb 1314
J-J 1314
F-A 1034
M-N
1st 2 4s
1905 J-J
Extenelon 4s
1905 J-J
Keok& Dea Mist 6s.. ..1923 A-O
37
J'ne'04
J'ne'04
J'ne'04
109
1174
<fc
99 4102 4
944 97
May'04
129
108
108
175
10041054
'02
'03
129 Apr '04
11534 May'04
120 Dec '02
113 Jan '04
4
116
j -j
J-J
103 Apr '01
112 May*03
102 4 1024
97 J'ne'04
105
114
103 4
102
1
105 4 225
83 4
7834
79 ^
8334 Apr '02
104 34 Apr'00
106
4
1164 41 114 34 118
14 4
113
1154
83
1134
1054
23
92
101
1094
II194IH
1
101 10l 34 1004 May'04
94 4 Sale
94 4
934
904
90 4 Apr '04
1094
109 34 Apr '04
1014 102 10l4J'ne'04
s
103 sl044 103»8 104
105 Dec'03
964.
100 34 Feb'04
104 34
1
JilQlt
1324
1274 ISO >«
1114 113
108 Apr'()4
L10 4 May'04
1064 Oct
904 Dec
87
J-J
M-N
M-N
M-N
M-N
M-N
M-N
MN
M-S
19
3J
15 102
1074
1164
J-J
104
15 100
1004
U04
18
924
101»r
1004102
1014
115
J-J
J-J
3
1034
4
103
J-J
J.J
Ao Low
Apr '04
113
1('3
M-N
M-S
J-D
A-O
M-N
M-N
J-J
January
1004.
1054
& G gen g 5a .01919 J-J
Consol gold 5a
1962 M-N
Des M
Ft D 1st 4a.. ..1905 j-J
Choc Ok
1314
ISO
293.1
M-S
M-N
A-O
MU&
Ott C
Apr'97
1214 Mar'04
124.
May'04
103
1
110
J-J
J-J
No IstM L 6s. ...1910 J-D
1913 J-D
1st consol 6s
1916 Q-F
Chic& North w cons 7s
Extension 4s
1886-1926 F-A
1886-1926 F-A
Registered
General gold 34s
1987 M-N
Registered
j>1987 Q-F
Sinking fund 6s.. .1879-1929 A-O
Registered
1879-1929 A-O
Sinking fund 5s. ..1879-1929 A-O
1879-1929 A-O
Registered
Debenture 5s
1909 M-N
Registered
1909 M-N
1921 A-O
Debenture 5s
Registered
1921 A-O
Sinking fund deb 5s
1933 M-N
Registered
1933 M-N
Des Mo & Minn lat 7a.. 1907 F-A
Mllw & Madison 1st 6s. .1909 M-S
Illinois 1st 6s.. ..1910
1304
J-J
J-J
J-J
1921 j-j
1916 j-j
1924 j-j
Mineral PointDiv 5s. ...1910
1910
So Minn Div 1st 6s
Southwest Div 1st 68....1909
Wis <fc Minn Div g 5s. ...1921
1324
116 4 Salt 1164
114 3 i 1154 114 34
105 Sale 104 4
<fe
&
Central Ohio
112
105 4.
10a
109
28 4
113 115
Range
Since
Sale
22
22
92 4 May'04
104 Fel»'04
102 J'ue'99
103 J'ly'02
1
*•»
cqcc
or
Jlu//i
M-N
M-N
M-S
M-S
j-j
1910 j-j
Dak& GtSog5s
Far& Souassug68
1910
Hast& D Div 1st 7s
1910
1st 5a
1908
I & D Exten lst7s
LaCrosse
D 1st 5s.. ..1919
112411288
109
115 4 May'04
122 '4
J-J
J-J
J-J
J^ast
22 "s
92 4
J -Ii
& Mo Riv Div 5s. ..1926
Chic& PacDiv6s
Chic& P Wlstg5s
96
125 4Nov'03
994 Sale 98
994
1014 1014
1014
&
118
1154 May'04
Registered
1934 A-O 116 3
1204Mar'0o
CR I F&N W lat gu oa.1921 A-O 110 4
110 4 J'ne'04
M & St L 1st gu g 7s.. ..1927 J-D
1908 J-J 106 Sale 104 34 1064
CCanada South 1st 5s
•>2d
Chic
91
North
120
...1939
g 5a
Regiatered
General gold 44s
Registered
Craig Valley lstg 5a
'02
954
1004 Feb '03
115%.
Oct
Chio& LSuDivg5s....l921 j-j
90 4 J'ly'02
107 110
108
117 34
98
lat consol
1939
1992
1992
1940
R«fe A Div latcong4a..l989
1989
2d consol g4s
Warm Spr Val 1st g 5s. .1941
3
3
102 4 102 4
Greenbrier Ry lstgu g 4s '40
Chic & Alt RR ref g 3s. ..1949
Railway 1st lieu 34s.. .1950
1950
Registered
Chic B & y— Oh & la D 5s 1905
105 105
1922
Denver Div 4a
1949
IUinoi8 Div 34s
1949
Registered
102 102 4
Iowa Div sink fund 5s. .1919
1919
Sinking fund 4s
Nebraska Extension 48.1927
1927
Registered
954 97
1921
Southwestern Div 4s
914 924
Joint bonds See Great North
1913
64 7
Debenture 5s
Han & St Jos consol 6s. .1911
Chic& E 111 1st s four 6s. 1907
1934
1st consol g 6s
1937
General consol 1st 5a
1937
Regiatered
Chic & Ind C Ry 1st 58.1936
Chicago & Erie See Erie
Chic In <fe Louiav ref 6s... 1947
1947
944
Refunding gold 5s
914
9841024
Louiav N A & Ch 1st 6s. 1910
99 1014 Chic MU & St Paul con 7s 1905
«74 92
1914
Terminal gold 6s
824 824
General g4s series A..el989
92
874
el989
Registered
924 954
General g 3 4s series B.el989
NY &H
&
&
N &
&
&
&
.
1 95 4 Feb '02
t95
ba sin oi lour marks to
ne do liar.
Sale
93 4
934
93^ 142 934 93=8
99 Salt
99
99 '4 6
984 99 4
98
984 983s
98 H, 62 98*8 984
$99 May'04
t98-\ 1 00 4
hese are pr ices n the b asis 0/ $Stu £.
I tie
b--A
J-J
J-J
J-J
May'04
1320s
pi 945
3d pref income g 6s
Chatt Div pur mon g 48.1951
Mac & Nor Div 1st g 5a. 1940
1947
MidGa& Atl Div 5a
194(5
Mobile Div 1st g 5s
Cent of N J geu'l gold 5s. 1987
A.1987
Registered
Week's
Sang*
Ask Low
Bid
J-J
y-j
Am Dock & Imp gu 5s. .1921 j-j
3
H>5 « I1174
Le& Hud K gengugBa 1920 j-j
ioii4 1084
Lell & Wilks Ji Coal 5s.. 1912 M-N
71910 Q-M
108
107
Con ext guar 44s
132^1324
N Y & Long Br gen g 4s 1941 M-S
1324131
Cent Pacific See So Pacific Co
lll 34 Hl 34 Chas <fe Sav See Atl Coast Line
Chesife Ohio g 6saer A..A190i< A-O
ol911 A-O
Gold 6s
J'ne'04
J'ne'04
110
Price
Friday
June 1
N. Y.
Since
•S.°
4 Dec'03
110
107 Mar'04
1044
104
104 Mar'04
108 4 J'ne'04
108 34 Jan '04
116 H2 May'04
114 4J'ne04
106
1154H8
1144H6
Nov'02
1054106 4
105 4 May'04
105 88 Nov'03
109 4 May'04
109 41124
1274
1264129
1274
11734 Mar'04
1174H84
13 a4 Dec'03
103 Apr'04
109 Sep '03
125 J'ne'04
103
1194
120 Feb '01
10441054 10334 104 4
107
96
934
93
92
69
10741084
108 34 1084
1424 Feb '02
125
,
,
Sale
120
77 101
Jan '03
994J'ne'02
96 May'04
93 May' 01
90 May'04
68 34
69 4 370
88 4 J an '03
794
794 158
103 4 Jan '04
,
.
.
1064
954 Oct
90
98
106
103
1214125
794 Sale
1064
1044 Jan '04
9634
9334
9634
107
106
104 4
96
93
90
120
104 34
96
93
90
:
664 744
73
85
•
10441044
10341034
'03
Oct '03
934 98
1044106
Jan '04
106
MlSCELI,ANEOUSS BONDS—Continued on Next Page.
Street Railway
Brooklyn Rap Tr g 5a
1946
lat refund conv g 4s
2002
BkCity lat con 6s. 1916, 1941
Bk O Co <fe 8 con gu g 63.1941
Bklyn Un El 1st g 4-5S.1950
Kings Co El 1st g 4a.. ..1949
Nassau Elec gu g 4a
1961
City & S Ry Bait lat g 53.1922
ConnRy&Llat&refg4 48'51
Den Con Tr Co 1st g 5a. ..1933
Den Tram Co con g 6s. .1910
Met Ry Co 1st gu g 6s. .1911
Det Cit St Ry 1st con g 6s. 1905
Gr Rapids Ry 1st g 5s...ol916
Louis Ry Co lstoon g 6s. .1930
Market St C Ry 1st g 6s. .1913
Met St Ry gen col tr g 5s.l997
Bway<fe 7th Avlstog5s 1943
•No prloe
A-O
J-J
J-J
M-N
F-A
F-A
J-J
J-D
J-J
A-O
J-J
J.J
J-J
J-D
J-J
J-J
F-A
J-D
Street Railway
9941034 Met St Ry—{ Con )Ref g 4s2002
102 34 J'ne'04
Col & 9th Av lstgu g 68.1993
794 Sale 78
794 249 724 794
Lex Av & P F 1st gu g 5s 1993
1()74108 34
10834 J'ne'04
1084
Third Ave RR con gu 4s 2000
100 100
1004
100 Mar'04
Third Ave Ry 1st g 5s. .1937
80 100 107
107 8ale 106
107
El (Chic) lstg 48.1938
884 Met
88 4 Sale
874
884 39 82
El Ry & L 30-yr g 58.1926
MU
8134
83 Sale
83 155 794 83
Minn St Ry 1st con g 5s. .1919
90
944 St Jo Ry Lt H&P 1st g 58. 1937
94
944
944
St Paul City Cab con g 53.1937
95 J'ne'00
Union El (Chic) lstg 6s. .1946
United RRs San Frsf 48.1927
United
Rys St L 1st g 48.1934
Nor'Ol
10241034 103
Chic St 40-yr cons g 5s. 1936
109 Mar'9S
Gaa and Electric Light
1124H54 Atlanta G L Co lstg 5s.. .1947
114 Sale 114
114
Bklyn U Gaa 1st con g 58.1945
1124116
114
1134 114
103'4
Friday; latest price this weeK.
WS
W
a Due Jan
d Due Apr
e
Due May yDueJ'ne TiDueJ'ly
A-O
904 17 89
924
894 904 904
1154119
M-S 11534 117 4 11634 May'04
114 1164
M-S 116
115 4 May'04
94 34
95 Sale
954 224 94
954
J-J
116 1194
J-J 119 1214 119 May'04
94
106
110
F-A
F-A
J-J
105
M-N
78 34
J-J
8034
J-D
95
Oct '99
J'ne'02
1094 Apr '03
109 4Dec'99
J-J
A-O
A-O
M-N
94
J'ne'04
Sale
784
804
99
78 34
80 34
Deo'97
96|
1
754 80
804 81
11241164
1134114 1134 114
sale
*Optlon
oDue
Due
Nov
Oct
k Due Aug
p
Vl-N
'
P
7
1
Bond Kecord
24*28
BONDS
June 1
JJ
St
HAD oonsol
2dgold4%s
Cin
Cin
DA
I 1st
s f
7s. ..1905
gu g
6s.. .1941
Oleartield
A Mah
Ask Low
122*4 J'up'04
75*4
74%
76
W
'.'!i
113
112
99*8 Sale
100*3 102
kl9S6 Q-F
kl936
Registered
OinBA CI con 1st g5s.. 1928
oonsol
1914
7s
OO O A I
1914
Oonsol sink fond 7s
General consol gold 6s. 1934
1934
Registered
1st pref 4s. 1940
Ind Bl A
1st pf 5s...dl938
O Ind A
Peo A East 1st con 4s. -1940
1990
Income 4s
Ol Lor A Wh oon 1st g5s.l933
SeePenn
RR
Marietta
Clev A
Clev A Mahon Val g 5s... 1938
Olev A Pitta Bee Penn Co
Col Midland 1st g 4s
1947
Colorado A Son 1st g4s...l929
WW
January 1
Q-F
2^
99%
12
98
Feb '04
101
95
93
104
102
99 Jan '04
102 Dec '02
94*flAug'03
105 Jan "04
102
102
Sale
113*4
J-J
99%
99 34
112*3
J-D
J-D
J-J
J-J
120
112*2
J'ly'03
128
Mar'04
Te
10
BONDS
STOCK EXCHANGE ST
Week Ending June 17
Kile
A
Q.J
Sale
98
May'04
A-0
98
Apr
A-O
i'0'9'
112*3 Feb'04
J-J
117
116
J-J
F-A
A Greenv Be* So Ry
A Hock Val See Hock Val
Conn A Term Bee N A W
Conn A Pas Rivs 1st g 48.1943 A-0
A Gt So See CM A St P
Dak
alias A Waco Bee M K A T
Del Lack A Western 7s... 1907 M-S
Morris A Essex 1st 7s. ..1914 M-N
97
69
69
*
59
58%
Sale
82%
68*3
84
Feb'04
59
84
Pitts
See
6s. 1921
1st general gold 5s
1942
1st gold 6s.. 1923
Bull Co Branch 1st g 68.1930
Mt Vernon
KvA
Ind Istcon gng6s..l926
& So Bee Ch M A Bt i'
PereM See Pen- .Mai
72% 82»4 Fla C A Penin See Sea Air Line
110 111*4 Fort St U DColstg4*2s.l!»ll
Ft
A Den C 1st g 6s. 1 92
Ft
A RioGr 1st g 4s. ..1928
/ ^ al Har
See So Pac Co
\TalH
of 1882 1st 58.191:; A-0
111*4 112
Georgia A Ala See Sea A Line
Ga Car A Nor See Sea A Line
Georgia Paciflo See So Ry
Gila
Nor See So Pac Co
95% 101% Gouv A Oswegat See N y: Cent
99% 101*4 Grand Rap A Ind See Penn RR
98
98
Gray's Pt Term See St L S
99% 102 34 Gt Nor—C B A Q coll tr 4s 1921
99
99
Registered, h
1921
Greenbrier Ry See Ches A O
Gulf ASIlstref Atg5s 61952 J-J
105 105
A St Jo See C B A Q
100*3102*2
ousatonic See N Y N H A H
Hock Val 1st consol g4%8. 1999
110»all2*2
Registered
1999
Col A H V 1st ext g 4s. .1948
Houst E A
Tex See So Pac
128" 128" HoustATexCen See So Pac Co
I llinois Central 1st g 4s. .1951
1 Registered
1951
1st gold 3*28
1951
95
98
Registered
1951
68
65
Extended lstg3*28
1951
1st gold 3s sterling
1951
112*a 112%
Coll Trust gold 4s
1952
116 116
Registered
1952
L N O A Tex gold 4s
1953
63*4
56
Registered
1953
89*2
82
Cairo Bridge gold 4s
1950
122*2
10
08
. . .
ASA
AH
W
1915
1915
2000
Lack
1st 6s... 1921
Construction 5s
1923
1923
Term Almprove4s
8yr Bing A N Y 1st 7s. .1906
Warren 1st ret gu g 3 %s.2000
Del A Hnd 1st Pa Div 7s. 1917
Registered
1917
Alb A Bus 1st oon gu 78.1906
Registered
1906
Guar gold 6s
1906
Registered
1906
Rens A Saratoga 1st 7s. 1921
Registered
1921
Del Riv RR Bridge Bee Pa RR
Denv A R Grist con g 4s. 1936
Consol gold 4%8
1936
Registered
lstref gug3%s
AW
NT
J-D
J-D
J-D
Gold 3*28
123% Sale 128%
140
126*4
J-J
130
F-A
M-N
A-O
F-A
M-S
M-S
A-0
114*3.
A-O
A-O
A-0
106*8
103
129%
.
.
107%.
134%
134*4
106%
104%
104 34
M-N 139
M-N 138*4.
.
J-J
100
J-J
106*4
100*a
99%
100
106%May'03
104
96%
87%
104
96%
87%
97
Jan '02
24
May'04
W
111
112% 112%
LA
W
68
111%
ElmCortANo SeeLehANY
Erie 1st ext gold 4s
1947
2d ext gold 6s
1919
3d ext gold 4%8
1923
4th ext gold 5s
1920
6th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered
1996
1st consol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 4s
1951
BuffN
Erie 1st 7s.. 1916
BuflAS
gold 6s
1908
Chic A Erie 1st gold 5s.. 1982
Jell RR 1st gu g 6a....«1909
YA
W
114*4,
M-N
MS
99*2
99*2
9€%
94*4
40
45
W
W
Erie A
Istg5s..l937
2d gold 5s
1941
North Ohio 1st gug 5s.. 1945
Lake
L Sho A Mich S See N Y Cent
68
84
109% 112*2 Lehigh Val (Pa) coU g 58.1997
Leh Val N Y 1st gu g 4 *28.1940
111
'04
113
May'04
113
116
114
J'ne'04
114
114
AN
M-S 108%
A-O 111%
99*3
J-D
U2%112*2
108*2 May'04
108% 111
111
May'04
101%J'ne'03
111
131% J'ne'04
181%136% Long Dock
M-S
J-J
J-J
J-J
J-J
F-A
J-D
1940
V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 58.1933
Leh A N Y 1st guar g 4s.. 1945
Registered
1945
E1C
1st g 1st pf 68.1914
Gold guar 6s
1914
111% Leh
112% Apr'04
MS
132
184
130%
130 Aug'OS
99% 99% 99*3 100
98*3 Jan
*6
Bale
85*4
85% Feb'04
90
124
90
90
125% J'ne'03
04
112 116
F-A 99 101
F-A 102*3 103
J.J
M-N 113*3
M-N
MidRRofNJ lstgos.l'JK A-0
Wllk A Eal8tgug6s.l94'. J-D 107%.
Isl'd
117*2
Aug'02
Apr'04
115% May'04
113% Nov'03
108*2 3 an '04
111 May'04
100 May'04
103
103
113*a Jan '04
106
132
105%.
107
Dec'03
105
105*4 104
Mar'98
116
101
120
103*3
76% 80
102
77
104
77
102% 108
71
77
101% 103*3
102*4 J'ne'04
96% Sale
94*3 Sale
95%
94%
,104% 105%
96** 176
94*2
1
90% 96%
90
94%
105%
21 102
109*2
84
105%
109*4 Sale
108
107% Apr'04
100*4 Apr'04
Apr'04
111*2
115
"97 h 102
101*4 Apr'04
103
May'04
Oct '01
102% May'04
101 Apr'04
106% Mar'03
95%
93%.
Apr'04
101% Oct '99
100 Nov'00
106 34 Mar'04
124% Apr'04
90 Nov'98
119 Nov'03
119 34 Mar'04
93% May'04
93
92%.
.
.
120*2 126
119%
93
95*2
123 Mav'99
85*2 Mar'04
.
82%.
106
121
115
Mar'03
104
102
94*a
110
115
101%101*4
99*4 Oct 'OS
102%
100
103
100
103
107% 107%
100% 100 >4
113% Mar'00
94
98
103%109%
94
102% 104
102
101
103%
101
93% 95%
80
85%
93
93
106% 106%
124*3124%
118
87
119%
106
106
09
101
98%
102% Dec'03
102
106*3....
101
Mar'02
106
Mar'04
106%.... 107%Dec'02
98 101% 101 Feb'04
119% 120 120
120
99% Sale
98%
3
99*2 114
Nov'03
109%
111% May'04
...... 87*a 89
Feb'04
70
11S%120
97
100
70
109% 112
89
89
71
Sale
1st consol gold 4s
98*3
General gold 4s
Ferry gold4%s
Gold la
98*3
84
87%
86% 85%
28 88% 93*a
77
18 116
70%
63
119%
71% 164
68
71%
Oct '00
115%119%
110% 112%
119%.
112%.
11 2% Apr '04
110*2.
112
107%.
107% May'04
107
109
108*3 May'04
104% 108%
105 Jan
113%J'ne'03
109% Oct '99
107 Jan '04
93 May'04
105
10*
107
92
107
93
.
102%.
114
110
.
.
109%
95%.
.
119%
Feb'04
'04
111% 112
107%
100*3.
100%
100%.
100%
116%.
"98"
116% J'ne'04
100% 100%
See Erie
— Istcon g5s./il931
Unified gold 4s
Debenture Aold5s
Guar
Bklyn
ref gold 4s
116%
,
A Hud R See Cent of N J
A Wilkesb Bee Cent of N J
Leroy A Caney Val See Mo P
96%100
,
,
J'ne'02
J'ne'04
102%Mav'O4
Leh
114*2 Leh
Long
'04
86
112
LAN
113*4
J-J 104%
M-N 117*ii Sale
A-O 103*3
Long Dock consol g 6*.. 1936 A-O 133*4
Coal ARK 1st our gu Oa. 1922 M-N 116
Dock A Imp 1st cur 6s.. 1913 J-J 112*s
N Y A Green L gu g 6s. 1946 M-N 108
Y Sus A 1st ref 6s. 1937
2d gold 4%a
1937
General gold 6s
1940
Terminallst gold 5s. ..1943
Regis $6,000 each. ..1943
Jan
M
Keok A Des Mo See C R I A P
KnoxvlUe A Ohio See So Ry
Registered
111*3114*3 111
120
M
KCAMRAB
99*3 May'04
92*3
93
40 J'ne'04
68
High No Low High
120%..-.
103 105
106 ....
M
Feb '01
111%
1953
1921
1951
1951
1951
1951
Registered
127*2129*2
Spring Div 1st g 3*38. ..1951
Western
128% 133
Lines lstg 4s.. 1951
Bellev A Car 1st 6s
1923
Carb A Shaw 1st g 4s... 1932
127 129%
Chic St
N O g 5s.. .1951
111%115*2
Registered
1951
100*4 100*2
Gold3*2S
1951
Registered
1951
109% 109%
Meniph Div 1st g 4s... 1951
133% 137%
St L Sou 1st gu g 4s
1931
Ind Bl A West See C C C A St L
Ind Dec A
1st g 5s
1935
105% 108
1st guar gold 5s
1935
104 106
Ind 111 A la 1st g 4s
1950
Int A Great Nor let g 6s.. 1919
103 103
2d gold 5s
1909
1921
3d gold 4s
Iowa Central 1st gold 5s.. 1938
37 96% 100
Refunding g 4s
1951
Jefferson RR See Erie
S
103 106% Kal A A G R Bee L S A
an A Mich Bee Tol A O C
94
97
83
See St L A S F
89% K C Ft S A
See St L A S F
Kan C A Pacific See
KAT
Kan City Sou 1st gold 3s. .1960
24
36
Registered
1950
Kentucky Cent See
1916 J-J
Dul So Shore A Atl g 6s.. 1937 J-J
I'aatof Minn SeeStPMAM
-last Ten Va A Ga
See So Ry
Elgin Jol A East 1st g 58.1941 M-N
In
129%
114%J'ne'04
100*3 May'04
109% Feb'04
102 Feb'03
133% Mar'04
149 Aug'01
106 J'ne'04
122 J'ne'99
104 May'04
103 Apr'04
143% Nov'02
147»aJ'ne'02
Improvement gold 5s. ..1928 J-D 104 105
96*3
Rio Gr West 1st g 4s
1939 J-J
86*3 88
Consol and col trust 4s 1949 A-0
Utah Cent 1st gu g4s ol917 A-O
Rio Gr So gu See Rio Gr So
Den A S West gen s f g 5s 1929 J-D
Des Moi A Ft D See C R A I
Des M A Minn Bee Ch A N
Des Mol Un Ry 1st g 5s„1917 M-N
Det M A Tol Bee L S A M So
99 100
Det A Mack 1st lieu g 48.1995 J-D
93 Sale
Gold 4s
1995 J-D
35
40
Det Sou 1st g 4s
1951 J-D
Ohio Sou Dlv let g 4s. ..1941 M-S
66
69*3
Dul A Iron Range 1st 5s. .1937 A-O 111 ....
Registered
1937 A-O
2d 6s
128%
Oct '98
1
Han
Registerpd
Middle DivregSs
St Louis Div gold 3s
Registered
1st consol guar 7 s
January
VGA
Louisville Div gold 3*26.1963
11 2% Jan '04
128 J'ne'04
Ask Low
Since
=s*
lint.V
Col
Col
128*4
Range or
Fargo
Colum
111
Week's
Last Sale
Bid
Penn Co
A T H 1st cons
Range
Price
Friday
June 17
W
ib4*3Novv0*i
A-0
[Vol. lxxviii.
2
N. Y.
W
W
99
100*2
130% 133%
120
Oct '00
May'04
100*3 102
97
1
i>4
104*3 Dec'03
M-N 112%
W
W
C I 8t L A C consol 6S..1920 M-N
let gold 4s
Since
130%131
129% 129%
-
111% Apr'04
A-O 101*3.
8tLDivlatcoltrg4s..l99<i M-N
1990 M-N
Registered
Spr A Col Div 1st g 4s. .1940 M-S
V*l Dlv 1st g 4s.. .1940 J.J
3
Dec '03
Feb '04
129%Mar
76
Clev Cln C A St L pen g 4a 1993 J-D
Cairo Dlv 1st gold 4s
1939 J.J
Cln
A M Div 1st g 4s. 1
J-J
131
131*4
110*3
B RAP
See
5
<=>
High At Low High
122%
1937 J.J
CIStLAC fiwCOC&StL
SAO Sea C C C St L
Cln
Last Bale
isi%132*-2 131
93
131
129>a
l;»:-:<i
1st 6»
P 8 City 1st g 6s.. .1919 A-0
Chicago Ter Trans g 4s. ..1947 j.J
Chio West Ind gen e 6s £1982 Q-M
Chlo
ich See Fere
arq
A
A
AWM
M
Choo O A Gulf ««ORI*P
or
Evans
J-D
Cong 6s reduced to 3%a.l93i> J-D
Uh 8tP& Minn lstg6s 1918 M-N
NorWlaconaln
Range
Friday
Bid
Range
Week's
Prize
STOCK EXCHANGE
Week Ending June 17
Chlo A St L SeeAtchTASaFe
Chlo 8t L A N O See HI Cent
Chic St L A Pitts See Penn Co
Chio8tPM A O con 6s... 1930
N. T.
—Continued—Page
119*3
M931
1938
1922
1932
1949
1934
1949
A Mont lstg 6s. .1911
1911
N Y B A M B Istcon g 5s 1935
192"
B 1st g5s
NY A R 1st
con g gu5s ol932
Nor 8h B
Louisiana A Ark 1st g 68.1927
Douisv A Nasliv gen g 68.1930
'.
100% 101
132
113*3
118%
ib8%i08*2
109%111
100 101%
101*sl04
113*3113*2
110% May'04
110*3111%
107*3 J'ne'04
106*3 109
1937
Gold 5s
1940
Unified gold 4s
Registered
1940
Coll trust gold 5s
1931
6-20-yr col tr deed g 48.1923
A Nash 1st g 6s. ...1919
EH
J'ne'04
Feb'04
Oct '00
J'ne'04
Jan '02
100*6 Apr'04
116%
98
101
100%
101%
96% 100
106% ib'6%
105*4 Mar'03
1st 6s
130
98
101
100
100
111
116
112
Mar'02
112% Jan '02
112*2 Apr '02
101%Saie 101% 101% 10 100% 101%
116 117% 117% May'04
116%117%
111*4
110% Dec '03
101% Sale 101% 102 118 93 102
112
97% Sale
112
100 Jan '02
lll%J'ne'04
97%
98*4 157
lll%J'ne'04
111%
96% 98%
111%111%
109
MISUKL.1.ANEOUS BONDS—Continued on Next Page.
(jinn
and Electric
I
.i^ln
Buffalo Gaa 1st g 5s
1947 A-O
Ch G L C Co See P G A C Co
Con Gas Co See P G A C Co
Detroit City Gas g 6s
1923 J-J
Dei Gas Co con 1st g 6s. ..1918 F-A
See K Co E
Kd Kill
A
LAP
SaeNYUAELHAP
KdEUUBkn
66
67% 60
Elec Berg Co c g 58.1949
<j.-ii Kiiictrio deb " 3 toe. .1942
Gr Rap G LCo 1st g 6a.. .1910
Hudson Co Gas lHt g us. .1949
Kings Co El LAPg5s...l93
Purchase money 6s
199
Ed Kl II Bkn Istcon g4s 1939
LacUaaLof St L Istg5s.el919
Milwaukee Gaa L let 4a.. 1927
98
106
*
No price Friday;
lateat
97%May'04
106
J'no'03
112
Nov'03
61% Oct
J-D
I'-A
87
90
88
66
96
98
88
88%
'01
J'ne'04
107% Dec '00
M N 103*s 104% 104% J'ne'04
A-O
A-O 120 120% 120
120
F-A
J-J
60
Gaa and Electric Light
Mut Fuel Gaa Co See Peop Gas
Newark Cons Gas con g 6s 1948
N YG ELH
P g 68.. .1948
Purchase money g 4a. ..1949
Ed El 111 1st conv g 5s. .1910
J-D
J-D *107% 108 107% 108
86 105% 108%
F-A
95
95
94% Sale 94%
96 90
M-S 104% 104% 104% J'ne'04
102% 105%
1995 J-J 119
1st consol gold 5s
115*4 117
117 May'04
NYAQElLAPl8tcong6sl930 F-A
100% 102
101 May'04
N Y A Rloh Gas 1st g 68.1921 M-N 98
100 Mar'04
100 100
1'eo Gaa A C 1st gu g 68..1904 M-N 101%
101%101%
101% 101%
1904 J-D 101
2d guar gold 6s
101
103
101
101
1943 A-O 122
1st con gold 6a
122 J'ne'04
118% 124
1947 M-S 104
Refunding gold 6s
103 104
108 Apr'04
ChG-LACkelstgug6s 1937 J-J 107% 110 108 May'04
106% 108
Con G Ooof Chl8tgug5s.'36 J-D 108 to 107 105% May'04
104 106%
Eq G A F Ch 1st gn g 6s. 1905 J-J 103%
101 101%
101 Mar'04
190 Apr'04
Mu Fuel Gas let gu g 5s. 1947 M-N
105 106
Syracuse Lighting lat g 5s. '61 J-D
TrontonG A Kl 1st g 5s.. 1949 M-b
109 Feb'01
-.V;
97
100
Kq GLN Y Istcon g 6s.. 19112 M-S 111
Eq G A Fuel See P G A C Co
GasA
00
96
93%M..OM
108% 106%
117*al20
93% 93%
Q-F 107>«
107% 107 3,
105 10S*4
M-N
88
89% 89% Apr'04
87% 90
bid and aafcedttlla week. aDaeJan & Due Feb dDueApr dDueMay /tDuej'ly A Due Aug oDueOot gDueDeo fOjption sale
3
June
Bond Record
18, 1904. J
BONDS
STOCK EXCHANGE
Week Ending June 17
N. Y.
Week's
Range or
Last Sale
Low
Bid
Ask
<fc Nashv— (Continued)
LCin & Lex gold 44s. ..1931 M-N 107
125
J-J
N O M 1st gold (is6s. ...1930
1930 J -J
N O & M 2d (told
Pensacola Div gold 6s... 1920 M-R 11218....
1921 M-S 1214. ...
St L Div 1st gold 6s
744
1980 M-S
2d gold 3a
Hender Bdge let sf g6s. 1931 MS 106
3
98
,T-J
4s.
.1987
4
Kentucky Cent gold
Ij&NA U& M fil g44sl945 M-S 1074
Pens & Atl 1st gu g
S & N Ala con gu g
6s. .1921
5a. .1930
K-A
1910 A-O
Sink hind gold 6s
L & Jett Bdge Co gu g 4s. .1945 M-S
L N A & Ch 5ec C I & L
Mahon Coal
See
L8A
M8
anhattan Ry consul 4s. 1990
1990
Reeistered
Metropol El 1st g 6s. ...1908
Coloniz g 5s. ...1934
McK'pt &. K V See N Y Cent
Metropolitan El See Man Ry
ManSW
94
J-J
J-D
109^4
coneol gold 4s. .1911 J-J
1st consol Income g 3s.al93P J'ly
2(1 consol income g 3s..al939 J'ly
1917 A-0
Equip<fc coll gold 5s
1919 A-O
2d series gold 5s
1907
Coll tr 2 4Wa 1st Bet
FA
6334
12 4J'ne'04
3
6 4 J'ne'04
62
934
95
Mex Internat 1st con g 48.1977 M-S
Mid of
NJ
<fc
<fe
39
714
60
12
6
103,,
9 34
96
91
'01
May'00
105
Erie
See Chic
See Chic <fc
-See
&NW
L3 W
NW
Mad
St P
North .See Ch M
Minn St L 1st gold 7a.. 1927
1909
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s. ..1921
South West Ex 1st g 7s. 1910
Mil
Mil
Mil
115
115
914 984
93 4
90*8 J'ly
1977 M-S
Stamped guaranteed
Mex North 1st gold 6s.... 1910 J-D
Y
Cent
Mich Cent See N
Dec '03
1123s Dec '03
1204 Feb '04
138
108 4
142
J-D
J-D
A-O 118^
12041204
121
Jan '02
J-D 1124
3
a
2 113
1934 M-N 114 4 8ale 1144 114 4
1154
1st consol gold 5s
22 95 4 98
95
96
964 96
1st and refund gold 4s. .1949 M-S
B
R&
N
Minn & St L gu See C
<fc
MStP<fcSSMcong4intgu>38 J-J
M<fcPlst5s8tpd4sintgu 1936 J-J
S S M <fc A 1st g 4 int gu 1926 J-J
Minn Un See St P M &M
Mo Kan & Tex 1st g 4s.. .1990 J-D
8d gold 4s
^1990 F-A
1944 M-N
let ext gold 5s
St L Div 1st ref g 4s. ...2001 A-O
Dal & Wa lstgu g 5s.. ,1940 M-N
Kan C <fc Pac 1 st g 4e. 1990 F-A
Mo K & E 1st gu g 5s. ..1942 A-O
K «fc T of T let gug 58.1942 M-S
Sher Sh & So 1st gu g 5a. 1943 J-D
1906 M-N
Missouri Paoific 3d 7s
1920 M-N
let consol gold 6s
gold
stamped.
Trust
5e
al917 M-S
Registered
ol917 M-S
1920 F-A
let coll gold5s
Cent Br Ry 1st gu g 4s. 1919 F-A
Leroy & C V A L 1st g 5s 1926 J-J
Pao R of Mo 1st ex g 4s. 1938
M
. .
M
2d extended gold 5s. ..1938
StLIrM&Sgencong5sl931
Gen con stamp gl d g 5s 1 931
Unified
&
J-J
J-J
Montgom Div
1st g 5s. .1947 F-A
St L & Cairo coll g 4s..el930 Q-F
1931 J-J
Guaranteed g4s
& O coll 4e -See Southern
M
Nl'C&H
Monongahela Riv See B & O
Mont Cent See St P M & M
Morgan'e Da & T See S P Co
Morris & Essex See Del L & W
Nash Chat & St Diet 78.1913
Mohawk & Mai
Nov'01
7734
783b
9834
964 IOO34
754 81
784
1004
994
82 Mar'04
974
102 Jan '04
8834
88 34 Sale
8834
1084110 109 T'ne'04
1014102 102 J'ne'04
103 May'U4
1064107i<. 106 58 J'ne'04
120
1204J'ne'()4
107 10734 107
10734
9841043s
85
108
1074
934
Sale
9334
*101
103 4 Sale
80
86
1064111
99 1024
100 103
106 34 109 4
118 4122-«8
20 104 107 a4
:
103 34 108
108
944
914 944
1034 1034
1144
113 34 May'04
1154 Sale 1144 1154
1034
10941144
101
1113ell54
109 a4 Oct '03
Sale
914 92 4
101
82
102
88 34
102
May'01
100
894
92
4
90
84
90
924
91
9234
.
1114.
89
.
....
....
113
87
94
....
904
....
1114 Mar'04
91 Feb '04
11141114
123 34 J'ne'04
121 Apr 04
93
93
113 4May*04
90 May'04
123 3
1264
121
90
130
94
91
91
4
-
934 96
1938
103
78
1004 Sale
123«8
120
1st extension gold 6s../il927
General gold 4s
Apr'01
984
90
ref gold 4s.. 1929
98
98 \ Sale
114
Eiv&G Div let g4e.. 1933 M-N
1933 M-N
Registered
Verdi V 1 & W 1st g 58.1926 M-S
Mob&Birm prior hen g 5s 1945
1945
Mortgage gold 4s
MobJ & K C lslcons g5s.l953
gold
.1927
6s.
Mob & Ohio new
1134114
884 91
984Nov*03
-See
1928
let consol gold 5s
Jasper Branch 1st g 6s. .1928
Al let 6s. .1917
P Branch 1st 6s.... 1917
Nash Elor <fc Shef See L
Nat of Mex prior lien 4 4s. 1 926
1951
let consol 4s
McM M W &
T&
&N
West Shore
1st 4s gu... 2301
2361
Registered
Lake Shore gold 34s.... 1997
1997
Registered
1928
Debenture g 4s
78.1906
Mon
&
Tol
1st
Det
K> V&G K 1st -rue 58.1938
Malion C'l RR let 5s. .1934
McK&Y
H
Y&
W&
W
A-O
1244.
1134.
J-J
J-J
J-J
116
115
115
J-J
10234
74 34 Sale
J-J
A-O
1997 J-J
of... 1884-1904 M-S
1884-1904 M-S
Housatonic
R
con g 5b.. 1937 M-N
N H & Derby con g 56..1918 M-N
1905 J-J
N Y & N E let 7s
let 6e
1905 J-J
N Y & North See N Y C & H
N Y O & W ref letg 4e..tfl992
Regie $5,000 only
#1992
N Y & Put See N Y C & H
N Y & R B See Long Ieland
N Y S & W See Erie
N Y Tex & M See So Pac Co
& South 1st g5s
1941
Norf & West gen g 6s
1931
Improvem't & extg6s..l934
New River 1st g 6s
1932
& Ry let con g 4s. 1996
Registered
1996
Pocah C& CJoint4s..l9tl
T
let
C C&
gu g 5s
1922
Scio V & N E 1st gu g 4s 1989
North niinois See Chi & N
North Ohio See L Erie &
Nor Pac— Prior lien g 4s.. 1997
Registered
1997
General lien gold 3s
a2047
Registered
a2047
St Paul-Dul Div g 4s. ...1996
Registered
1996
Nor
N
W
C B & Q coll tr 4s
StP&NP
gen g
See
F-A
A-O
A-O
A-O
J-D
J-J
Q-J
Q-J
Q-F
n
Low High,
1094 52 106N 109 4
B l<it;i., 108-4
1054 1073,
10()->4
984 994 99 4 J'ne'04
98 Apr '04
98
98
Sale
IOS'4 100
99 34
109
1044.
99 34 J'ne'04
114 Feb '02
121
120
128
130
116
121
139
.
.
.
'106
Jan '03
.
.
.
.
954.
67
Nov'03
.
1104.
12034
121
984 994
.
109°8Apr'04
122 Jan '04
127 J'ne'02
10941124
1064 J'ne'04
1064Nov'00
10541064
122
964 May'04
9*64
122
"974
.
lbo"
Sep ''03
1134-
113
Apr'04
116
11638 J'ne'04
.
113 3
4
Jan
1044
1044 Apr'04
1044 Sale 1034 1044
101
113
1154
1154H74
3
116 34 116
'02
104
4
1044
59 102 34 104 34
Mar'04
Registered certifies. .1923
St Paul & Dul 1st 5s. ...1931
2d 5e
1917
let consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 68.. 1933
Nor Ry Cal See So Pac
Nor Wis See C St P
&O
122*8
13134 Apr'03
IO334
1014 Apr'04
1024
101
Sep
101
101
10234 10338 102 34 103
100 Dec '03
10041034
1014—.
112 4 Apr '04
111 1124
130 Aug'03
127 Nov'03
1274
127 Apr'04
125 4129
9934 100
984 100 117 964100
96 4 Sep '03
"92 4 Sale
91
92 4 45 874 924
111
107 4 J'ly '01
1004
994 May'04
994ib'i"4
125 4
1044 Sale 1044
104
Sal«j
734
7334
72 38 Sale
964
103
734
714
105
104
734
723b
Q-F
F-A
J-D
M
17
76
15
1014105
1034
704 734
101
68 34
724
97«s 97«b
1224
1224 Mar'04
12241224
119
132
1104
A-O 105 34
1124
944 100
844
105 4
J'ly '99
J'ly '03
Apr '04
964 Nov'03
i J
114
1st g 5s. 1936 J-D
General gold 58
1937 A-O
Ore cfe Cal See So Pac Co
108
109
il44May-03
1084 J'ly '02
Coast Co 1st g 5s. ...1946
Pac
ac of Missouri See Mo Pac
107
(
80
97 58 Jan'04
85 May'04
113 4 May'04
Nor & Mont
10141014
'03
J-D
Gt Nor
10541084
85
86
111
1134
105
110
M
See
See
&W
Olnd
hio River RR
N Y Cent
C C C & St L
Un Pao
Un Pao
Rome
Oswego &
See N Y O
120 1244 O C F & St P See C & N W
1244 J'ne'04
1104115
112 J'ne'04
113 Dec '99
113 4 J'ne'04
111 Dec'99
.
.
.
11341134 Panama
1034 J'ne'04
744
7434
1st s fund g44s.. 1917
Sink fund subsidy g 6s. .1910
1st g 44s. 1921
Registered
1921
Guar 34s coll truet reg.1937
Guar 3 4s coll tr ser B...1941
Tr Co certif's gu g 3 4s. 1916
C St L & P 1st con g 5s. 1932
Registered
1932
Penn Co—Guar
17
100
73
1034
76 34
10041004 100
9834
10134 Sale
101
1004 22 96 s4 1004
98
994
99 4 J'ne'04
101 4
101*4
"i 100
1023s
J-D
107
A-O 1024.
1024 1024
M-N
102 Apr'02
J-J 1094 Sale 1094 109 4
J-J
M-S
108
May'04
Nov'98
924 Dec '03
954 Mar'04
118 May'04
108
102
894
904
95 34
M-N
A-O 117
A-O
113=8.
J-J
J-J
J-J
944.
944.
Ml.SCELl^ANEOUS BONDS—Continued
107
.
CI & Pgen gug 44s ser A. '42 J-J
Series B
1942 A-O
Series C 34s
1948 M-N
Series D 3 4s
1950 F-A
W
112»8
1094
1064 10S4
108
954 96
118
118
96
96
1084 Aug'03
.
944.
95
102
96 Jan '04
102 Nov'00
9S 34 Apr'04
.
Apr'04
Mar'04
108 110
109 34 1114
1164Feb'01
101 4 Jan '04
10141014
L08
110
.
9034
9834"9834
.
A-O 1094.
A-O 1094
M-N 105
M-N 1004.
F-A
10241024
904 J'ne'04
.
1204.
1194.
A-O 1194.
M-N 1044.
127^ Oct
J-J
J-J
121
119
90
92
121
119
121
119
'02
Mar'04
Apr'04
1074 Mar'04
10441074
J-J
Q-M
on Next Page
Telegraph and Telephone
Coal and Iron
latest bid
Jligh No
Apr '02
95
M-N
M-N 1274
6s. ...1923 F-A
.
•No price Friday;
M-S
M-S
M-N
W
W
V
Wn
1094
NY&NE
SeeNYNH&H
New York New Hav & Hart—
Erie& Pitts gug34s B.1940
10034 1004
1004 Apr '04
Series C
Registdeb 5s of.. .1889-1904 M-S
1940
10041004
100 4 Mar'04
N& C Bdge gen gu g44s 1945
Debenture g'4s.... 1890-1905 J-D
99
100 1004
1003s Mar'04
POC&StLgu44sA...1940
1890-1905 J-D
Registered
90499 Dec '02
Series B guar
99»4 May'04
1942
Debt certs ext g 4s
1905 M-N 100
9941014
Series C guar
Registered
1905 M-N
1942
994Nov'0
Series D 4s guar
1945
Lake Shore coll g 34s. -.1998 F-A 924 Sale 92
92
924 67 86
Series E 34 guar g....l949
Registered
1998 F-A
21 86
90
91
91
894
Pitts Ft
& C 1st 7s. ..1912
Mich Cent coU g 3 4a. ... 1 998 F-A 89*1 Sale 894
90 117 85 4 90
2d78
Registered
1912
1998 F-A
91 Jan '03
3d
7s
Creek
7i,1912
Beech
let gu g4a. 1936 J-J 10641064 1064 1064
104 1054
Penn
RR
1st
real
est
Registered
1936
102
g4s.l923
102
102
Mar'04
1053s-. Consol sterling g 6s
2d gu gold 5s
1936
1905
110 ....
Con currency 6s reg...pl905
BeechCrExtl8tg34ebl951 A-O
M
Since
N Y & Har See N Y C & Hud
N Y Lack & W See D L & W
N Y L E & W See Erie
NY&LongBr See Cent of N J
-S'ee
m
M-S
F-A
J-J
J-J
lstgu 6s. 1932 J-J
Pitts
1934 J-J
2d guar 6s
McKeesA BVlstg6el918 J-J
Mich Cent 1st consol 68.1909 M-S
1931 M-S
6s
Registered
1931
1940
4s
1940 j-j
Registered
1951 M-S
J L & S 1st g 34s
1952 M-N
lstg34s
Bat C & Star let gu g 3s. 1989 J-D
Harlem g 3 4s... 2000 M-N
N
2000 M-N
Registered
N Y & North 1st g 5s... 1927 A-O
R
O con 1st ext5eJil922 A-O
Oswe<fe R2dgu g5s...el915 F-A
R <fc O T R 1st gu g 58.1918 M-N
UticaA Blk Riv gug 48.1922 J-J
N Y Chic & St L let g 46.1937 A-O
Registered
1937 A-O
N Y Greenw Lake See Erie
<fc
Col O & I Dev Co gu g 5S.1909
Col Fuel Co gen gold 6s. ..1919
Col F & I Co gen 8 f g 5s.. 1943
Convertible deb g 5s
1911
Truet Coctf8
Gr RivCoalA C Istg6s..l919
Jeff & Clear C<fell8tg5s.l926
2d gold 5s
1926
Kan& H C & C let e f g5e.l951
Pleas Val Coal 1st g s I 53.1928
Rooh & Pit C & I pur 5s. 1946
Tenn Coal gen 5s
1951
Tenn Div 1st g 6s
al917
Birm Div 1st consol 6s.. 1917
Can C
Co 1st gu g 6s. 1922
DeBar C & I Co gu g 68.1910
Va Iron Coal & C 1st g 58.1949
L E <fe P C Co 1st g 58.1919
J-D
J-D
Low
liantje
January 1
.stile
Ore RR & Nav See
Ore Short Line See
NewH&D SeeNYNH&H
N J June RR -See N Y Cent
New & Cin Bdge See Penn Co
N O N E prior lien g 6s pl915 A-O
Bch
LI
N Y Bkln & HMan
N YCeut<fc Rivg 34s. 1997 J-J
Registered
Debenture 5s
Registered
J-J
J-J
Last
107 4 J 'lv '00
106 Oct '02
105 4 Nov'01
&
<fc
<fc
NY&Pul8tcongug4s 1993 A-O
Nor* Mont lstgu g 5s. 1910 A-O
Doc '03
115
112
Ask.
874".':
Gouv&Oeweletgug5s 1942 J-D
Moh & Mai 1st gu g 4s. .1991 MS
N J Juno R gu 1st 4s. ..1986 F-A
122
20 1014104
1034 104
1034 Dec '02
3
3
109 4 109 4 19 107410934
Sale
Clearf Bit Coal lata 148.1940 J-J
974 99^
89" "9'i"
98 4 J'ne'04
Sale
63
994
Jan '04
Apr'01
Mar'03
L10
.
102
119
Week's
Range or
bid
J-D
"3^
Price
/'rirtau
June 17
<fc
Nor*99
111
LIB
112
.
N Y Cent H R—{Continued)
Cart & Ad lstgu g 4s. ..1981
12334 125
107 4J'ne'<>3
93
94
113 '4.
106
1
J'ne'02
991-2
1124.
1124.
A-O
A-O
Mex Cent
75
113
STOCK EXCHANGE
Week Ending June 17
N. Y.
since
January
2429
3
iiONDS
Range
'03 ....
195 Mar'04
122 34 Aug'03
lie's Mar'02
122 Apr'iU
Sale
98
•8-°
—Continued— Page
High] No Low High,
1084 Jan
<fc
L& KT-Sonth M joint 4s. 1952 J-J
1952 J-J
Registered
N Fla & S 1st gu gas. ..1937 FA
K-A
«_
Price
?Viday
June 17
Loulsv
1
.
J-J
M-N 106
F-A 100
F-A
69
A-O
J-D 104
J-D 103
J-J
J-J
.
55 Nov'00
105 Mar'04
Sale
100
99
73
73 May'04
696a 71 4 Apr '04
115 J'ne'02
107 May'97
105^ 102 4 Oct '03
J-J
J-J
109
J-D
F-A 103
M-S
J-J
Comm Cable Co 1st g 4s.. 2397
Registered
954100
2397
794 Erie T T col tr g s f 6s. .1926
69
MetT&Tlstsf
g5s
73
1918
70
4
Mut Un Tel Co See Westn Un
N Y & N J Tel gen g 5s. .1920 M-N
No Westn Teleg See West U n
105
37
105
91
100
108
102
1044 105
71
71
32
91
and asked this week,
Oct '00
J'ly '03
Apr'04
J'ne'04
102
106
1014108
Dec '03
105
J'ne'04
Jan
a
1004105
674 73
'00
Due Jan
96
94
b
Due Feb
90
May'04
90
90
964 1004Apr'02
1004 Oot '00
.ft
1064 Feb '02
105
M-N
A-O 102
Am Telep & Tel coll tr 4e 1929
109 34
109 Oct '99
109 34 May'04
109 34 10934
1054 J'ly '03
West Union col tr cur 5s. 1938 J.J 1084 1094 108 34 J'ne'04
105 10834
Fd and real est g 44s. ..1950 M-N 102 4 Sale 1024 10234 20 10141044
Mut Un Tel s fund 6s. ..1911 M-N 106
107
107
107
3 107
NorthwTelguf 44s g.. 1934 J-J
IO334 Apr'04
100 10334
Manufacturing
Industrial
Am Cot Oil ext 44s
1915 Q-F
95
994
97
974 974
974
Am Hide & L 1st s 1 g 6s. .1919 M-S
80
70
814
764
77
Am Spirits Mfg 1st g 6s. .1915 M-S
88
82
87
85 May'04
Am Thread let col tr 4s. ..1919 J-J 77 79 774J'ne'04
74
784
&
e
Due May ^DueJ'ne
h.
Due J'ly p Due Nov
s
Option
sale.
7
'
1
—Concluded—Page
Bond Record
2430
BONDS
Price
stock exchange
Week ending June 17
Friday
n. y.
June 1
an—(Continued)
1919
Conaol gold 58
Couaol gold 4s
1943
Convertible g 3%s
1912
Alleg Val gen gu g 4s... 1942
CI A Mar 1st gu g'4%s..l935
Bge 1st gu 4sg.'36
GrRA I ex lstgug 4 His 1941
Sun<& Lewis 1st g 4s. ..1930
gold4%s
61921
192
Fllnt<fcPM a lis
L920
1938
1st ccmsol gold 5s
PI Huron Div latg 68.1939
H
lstgug 4S.1931
Sag Tub A
Phila <fc Reading cons 78.1911
Piuu creek reg guar 6s. ..1932
Pitts Cm it St 1, See fenn Co
Pitts Cleve<S Tol Bee
PereMarq— ChA
\V
M 6a
1
lOliH!
Deo'03
Aue'O
u6 H: Sale
102 Vl
96
i
102
108%
lliMi
108 Hi Apr '01
109%
1084
n
.
98
S»7 l4
J-D
A-O
M-N
A-O
105
120
109 *4.
J-D
J-D
117H».
.
.
100%
FA
.
May'04
121
95
109
L20
109
120 Hi 123 Hi
J'ne'03
Apr '02
J'ne'04
lis
120
May
1(I7 :,4
HOH2
01
HOHiFeb'04
109 ^110 Hi
119*4
Apr '04
11914 119H:
137
Nov'97
1997 J-J
g 4s
1997 J-J
Registered
Jersey Cent coll g 4s.. .1951 A-O
Rensselaer A Sar See D A H
113
112
11234
100% Sale
99
'
94 *4
94?,,
B R
See
N
Sea
<fc
108
,
64Hj.
P
Y Cent
Rutland 1st con g 4 Has... .1941
Rut-Canad 1st gu g 4 His. 1949
Tus <fe H See Pere Marq
Sag
t Jo<& Gr lal Istg4s...l947
St Law A Adiron 1st g 5s. 1990
2d gold 6s
1990
St L A Cairo See Mob A Ohio
J-J
J-J
J-J
83
J-J
A-O
L A Iron Mount See M P
See Wabash
St L M Br See T RR A ol St L
St L A S Fran 2d g 6s CI B 1906 M-N
BtLKCAN
M
M-N
J-J
J-J
J-J
A-O
J-J
98%
82% Sale
WIN 119Hi
KCFtSAMRyref g4sl936 A-O 7978 8816
A
M
R
A
B
1st
gu
KC
58.1929 A-O 101
St Louis So See Illinois Cent
1st g 4s bd ctfs.1989
St L S
2d g 4s Inc bond ctfs...pl989
Consol gold 4s
1932
Gray's PtTer lstgug 5s 1947
St Paul A Dul See Nor Pacitic
A Man 2d 6s. ..1909
St Paul
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4*28.. 1933
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Registered
1937
W
M
.
EMinnlstdlv Istg6s..l908
Nor Div 1st gold 4s
194b
Minn Union 1st g 6s
1922
Mont C 1st gu g 6a
1937
M-N
J-J
J-D
J-D
04
74
69
Sale
Sale
A-O 108 Hi.
J-J
J-J
J-J
J-J
134
.
110
J-D 101 *«.
J-D
A-O 1033s.
A-O
Nor Pac
123
103% 105
103 Hi May'04
126 J'ne'04
112H2 112H2
96 Hi May'04
100 Jan '04
82
82%
119 Hi Feb '04
79 Hi
79 %
103 Hi 103 Hz
12234 126
110 112Hi
ANE
See
M
.
A<S>
N
W lstgug 6s
Cent Pao 1st
A-O
M-N
J-J
rof gu g 4a 1949
Registered
1949
Mort guar gold 3%s..A:1929
Registered
/tl 929
Gal Mar Ai S Alstg6s..l910
2d gold 7s
1905
Mex A PaclstgSs
1931
Gila
Istgug6s.l924
Uous E &
T 1st g 68.1933
1st guar 5s red
1933
134%.
120
116%
94 14
74
94
73
68 Hj
107%110Hj
103
100
Jan
136%
133
114HjH4Hj
117
117
no no
'04
VGAN
W
69
093, 70
97 Sale
97
92 Hi 93
93
104
100
J'ne'04
97Hs
93
Sep 00
J-J
108
105
J-J
102
108 Hi 106HiFeb'02
106 105 34 J'ne'04
....
105 Hi Feb '04
....
lll 4May*03
1
Jan '03
102
102
lOO 3* Salo
J-D
J-D
86 Hi Sale
F-A
J-l)
M-N
M-N
M-N
M-N
Apr '01
102
130>H»
121
117%
109
Hj
121 34
1
Dec
3
35
May'04
113HjApr'04
122
116
116%
108 Hi Dec '03
'4
96
117Hj
92
118
113
117
118
lllHl
ir.1%
109
111%
118% 122
May'04
123
120
114
II6H1
122
J-J
J-D
Hi
91%
118*4 118
118
112
III34 May'04
123 J'ne'04
123%
93
115
91% Mar'04
llOHj 112Hi
85
92 Sep '02
105 Hj Sale" 105 Hi 1053.,
111*4
123 Feu '02
108 Hj
112 Feb '03
111%
115 Jan '03
112 112H? 112
112
112
110 Hi May'04
92
93 Dec '03
II6H1
116*4 J'ne'04
F-A
J-J
"
116%
103% 106
110 113
110*2 112*3
112*2116*4.
117 J'ly'00
104Hi Sep '02
A-O IIOI4
F-A 116*4
A-O 112
Kan
M
PAW
<fe
116*4
115
110
116*4
no
110*4
May'04
Mar'04
110
110
M-S 100
J-D 118
Mar 80
J-J
F-A
J-J
A-O
J-D
Ham A Butt 1st g 4s./tl946 J-D
Ulster A Del 1st con g 58 1928 J-D
aPacBBA Igrg4s..l947 J-J
1947 J-J
M-N
M-N
1911
1911
Ore By <fc Nav con g 4s. 1946
short
Line
1st
g6s..
1922
Ore
1946
1st consol g5s
192"
4s A participating
112%115%
100 Sep
119 116*4 118*2 8 J 115 118%
6 SO
SO
82
85
93
109 Hj 109 May'04
108 110%
101
106 Hj 106 Hi Mar'04
K'GHi
113*4 111% 1147p May'04
112*4 115
111%
111 May'04
111 1H
103 106 106 Apr'04
105 106
93
93
93 May'04
91
91
92
92
92
92
86
84
85
May'04
85
81
85Hi
70
70 *s
70 Hi
68
90
98 Apr '03
108
1 106*4 112
112
112
105 Hi Sale 105
105% 124 100% 105%
104 May'04
100% 104
98 4 Sale
98
99 995 94% 100%
1st gu g 4s.. ..1990 A-O
1st gold 4s.... 191 J-J
'03
;,
98*4
1
101*8
122% J'ne'04
26
98*4
J-D
F-A
100*2 101*4 101
J-J
116^4
123
'a
96% 98%
102%
120% 124
98Hi
14 111 117
117
95 "s
90% 252 90%
112 Dec '03
114 Hi Apr '02
116*2
96% Sale
E-A
190S J-J
Utah Ji Nor 1st 7s
1926 J-J
Gold 5s
Uni N J BB <fc C Co See Pa RR
Utah Central See Bio Gr Wes
Utah A North See Un Pacitic
Utica & Black B See N Y Cent
See
,
Sale
109*8
Mo P
irginiaMid See South Ry
Va <fc Southw't 1st gu 58.2003
1939
65
70Hj Wabash 1st gold 6s
1939
2d gold 5s
96
99 Hi
1939
Debenture
series
A
92*4 93
1939
Series B
1st lien equip s t'd g 5s.. 1921
Det&Cli Ext 1st g 5s. .1941
DeeMoin Div 1st g 4s. .1939
102 106 34
1941
Om Div 1st g 3HiS
IOoHjIOSHj
Tol A Cli Div 1st g 4s... 1941
StChas Bridge lstg Bs.1908
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O A
Pa lstg 5s. .1937
97%101 3< WestN
1943
Gen gold 3-4s
87 Hj 93 Hi
<<1943
Inoome 5s
8534 87 34
By
South
No
Car
West
See
97 102
97 * 101% West Shore See N Y Cent
VaCent A P lstg 6s. .1911
84
86 Hi Wheel'g <fc L E 1st g 5s... 1926
Wheel Div 1st gold 6s.. 1928
J-J
M-N
FA
J-J
J-J
M-S
103 34 105
117 Sale
109 '4
103
57*a 58 H
103 3i J'ne'04
116
117
109 *a 1o9 34
100%
102
Hi
57 34
Apr'03
59 127
Jan
'04
HO Hi J'ne'04
109 3
J-J
4
95
J-J
A-O
M-S
A-O
101
100% 104
114% 118
106*4 109%
81
99
*
56
102
Hi
68
102
106*4110%
Feb '04
81% May'04
98 Mar'02
109 Hi Mar'03
90
Apr'04
115
93% May'04
93
90
90
79% 81%
W
J-D nooHjiooHi 99 ?e 100 Kt 62
J-D
93 Sale
91
93 Hi 174
J-D
87 Jan '04
E-A
112
113
93 Hi
'0;;
118
114 l4
M-S
M-S
M-N
M-N
W
W
VerVallndAW
4Dec'01
90 Hi
87
117*4
M-l-
A Nor let g 6s. 1939
Ry 1st gu g 4 His.. 1943
A Lew See Penn BB
SyraBingANY SeeDLAW
TeboAN SeeMKAT
J. er A ol St L 1st g 4His..l939
Begistered
113 3
102 %.
t
A-O
M-N
M-N
1st lien convert 4s
128 Apr '02
135 Apr '04
115 Apr '97
114 Hi Mar'04
117 Jan '04
130
121
94*4
96
117*2 Apr'04
93% 94 7
J-J
J-J
LA N
1
116
Tor
lugHiiii^
Apr'04
May'04
112
no
95Hi Sale
Tol
Tol StLA Wprlieng3Hjs. 1925 J-J
1950 A-O
60-year gold 4s
132
130
10 107HillO
110
92%Mhv'im
127 Hi Feb '02
130
121
Hiuh
/.,,)v
Apr'04
May'04
Sunb
W
69 U
110
106
FA
94 !* Sale
112
J-J
M
102*4
1941 J-J
M-S
M-N
M-8
96
96H>
1894-1944
1st con gold 5s
100 100
67 79 Hi 84
Bge Ter gu g 5s. 1930
St L
119Hi 119 Hi Tex A N O See So Pac Co
48 78
80% Tex A Pac E Div 1st g 6s.. 1905
2000
1st gold 5s
$2000
2d gold inc 5s
1931
La Div B L 1st g 5s
91 Hi 96%
Min & N 1st gu 5s '30
70 Hi 78 Hj
1935
65 Hj 7434 Tol A OC 1st g 5s
Western Div 1st g 5s. ..1935
1935
General gold 5s
NorA W
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Car Cent 1st cou g 4s.. .1949
FlaCenA Pen lstg 5s. 191b
1st land gr ext g 5s. ..1930
Consol gold 6s
1943
Ga A Ala By 1st oon 5s ol945
Ga Car A No lstgug 6s 1929
Beab A Boa 1st 6s
1926
Sber Shr A So See
KAT
So
Oca
811
& G See Atl Coast L
Sod Bay A So 1st g 6s
1924
So Car A Ua See Southern
So Pac Co— Coll tr g 4 %s. 1906
Gold 4s (Cent Pac coll). fcl949
Registered
/tol 949
103
117 34 Sale
J-J
J-J
Stat Isl
Salt
Soiolo Val
J-J
J-J
J-J
A-O
Begist ered
.
117
103% J'ne'04
A'o
Since
January 1
101 Feb "04
101 101
111 Hi Oct '02
103" i"03
103 Jan'oi
116% 118 170 111 118
110 Feb'o-i "2*9 10s
94*4
93
92 34 9 5
101
J-J
J-J
J-J
J-J
W
See
High
112
113
Range
1
J
M-S
1912
Con gold 6a
1943
112% Dec '02
Southern— 1st con g 5s
1994
Registered
115% Mar'04
1994
115Hill5Hi
98 J'ly'97
Mob & Ohio coll tr g 4s. . 1938
Mem Div 1st g 4Hi-6s... 1996
114i«n4H*
114% Mav'04
1961
St Louis div 1st g 4s
100 4 100 Hi 306 9408 100 Hj
191b
Ala Cen B 1st g 6s
2 98
99
99
Atl A Danvlst g 4s
194b
99
94 'V 10 91% 94%
Atl & Yad 1st g guar 4s. 1949
94%
1916
Col <fe Greeny 1st 6s
VaA Ga Div g 5s. .1930
Con 1st gold 5s
1966
193S
E Ten reor lien g 5s
1922
GaPac Ry 1st g 6s
HOHjIIOHj
110Hz HOHi
63 Hi Mar'04
Knox A Ohio 1st g 6s.. .1925
63 H. 63 Hi
Rich A Dan con g 6a
1915
92 Mar'03
1927
Deb 5s stamped
Rich A Meek 1st g 4s... 194s
3
3
1919
103 4 May'04
So Car A Ga 1st g 5s
103 4 104
Virginia Mid ser C 6s. ..1916
lOl^Nov'Ol
Series D 4-5s
1921
Series E5s
1926
84Hi
84
84Hl
84Hi
General 6s
1936
Guar stamped
1936
1st cy gu 4s.. 1924
O&
West N C 1st con g 6a. .1914
OStPM&O
Lake C 1st g s f 6s.. .1913 J-J
8 Fe Pres A Ph 1st g 6s... 1942 M-S
8 A A A P See So Pac Co
8 F A N P 1st sink f g 5s. 1919 J-J
Sav F & West See Atl Coast L
J
Sabine Div lstg6s
'01
109 May'04
132 J'ne'04
140 May'02
110
110
lieHjApr'Ol
109 Hj May'04
102 May'04
106 May'01
104 Aug'03
M-N 109 Hj.
J-J
J-J
Registered
1937 J-J
1st guar gold 5s
1937 J-J
Will A S P 1st gold 6s. .193b J-D
8t P A Nor Pao See
St P A S'x City See
J-J
Spok Falls
112% 112%
Last Sale
So
106 34 1074 107 J'ne'04
106% 107
113 Jan '01
101
100 Jan '01
100 lOo
S3 4
35 34 Sale
S5*4
86 7s 366 76
3
Mav'04
107 4
108
105
108
"i 106 K»s%
108% Sale 108
108
10134
102 May'01
10IH2 102
102 Oct '03
1024a
104 %
102 Apr '04
i'02"" i'02""
115*4
115'
115 '„ 10 115*4 115*4
113 3*
114HjApr'04
114*2l;4Hl
109
119 Feb '04
119
119
107
1073-1 J'ne'04
107 lll»
108
108 Mar'04
108 108 34
J-J
cl91o J-J
1st guar k 6s
8 Pol Cal 1st g 6s
1906 A-O
1st g 6s series B
1905 A-O
lstg68 8eriesCcfc D...1906 AC
1st g 6s series EJi F...1912 A-o
1st gold 6s
1912 A-O
1st oon guar g 5s
1937 M-N
Stamped
1906-.. 1937 M-N
SAN Ala
103 %....
103 Hi....
126%....
June 1 ?
or
A O 106 Hi
SoPof Argul8tg6s...cl'.ioii J-J
W
8t
2d gokl 6s Class C
1906
1931
General gold 6s
General gold 5s
1931
St L A S F RRconsg48..'96
Southw Div 1st g 6s. .1947
Refunding g 4s
1951
E O Ft S A con g 6s. .1928
A-O
ET
Rich A Dan Hee South By
Rich A Meek «S'ee Southern
Rio Gr West See Den & Rio Gr
Rio Gr Juno 1st gu g 6s... 1939 J-D
RiogrSo 1st gold 48
1940 J-J
Guaranteed
1940 J-J
Oct
120
119=8
Reading Co gen
Pitts
gulstg4s.l912
of Cal 1st gu g 6s. ...1907
Guaranteed gold 5s
1938
Ore A Cal 1st guar g 5s. 1927
No
Tex
ALE
Rome Wat & Og
N YT&Mex
SPacofN Mexlstg6s..l911 J-J
193 7 J-J
S P Coast lstgug 48
1905 F-A
A N O 1st 7s
h&O
W
A
i.08«a
Mny'OO
117
SA&APasslstgug4s.l9-i:i
121
Range
Low
Lxxvm.
3t3
fritfav
120
1920 J-J
1st golil 6s
100
Pitta Ft
A Ch See Penu Co
1922 J-J
Pitts June 1st gold 6s
Pitts A L Erie 2d g 5s...al92b A-O
Pitts McKeos A V SeeN Y Cen
1st g 5s.. .1940 A-O
Pitts Sll
1943 J-J
1st cousol gold 5s
Pitts & West See 15 <fe O
Pitts V & Ash 1st con 56.1927 M-N
Roch
1
Week's
Price
STOCK EXCHANGE
Week Ending junk 17
N. Y.
Rid
Ask
High No Low High. Southern Pac Co—f Conti?it<eii
H&TClst g5sintKU..1937 J-J 113
Consol g 6s mt guar. ..1912 A-O 110 Hi
95
28 94 Hi 97
Gen gold 4s int guar. .1921 A-O
96
124%
Waco<& N Wdiv 1st g6a'30 M-N
Kov'97
Mai '00
Morgan's La A T 1st 7s. 19 is A-O 127 Hi 129
114
106
LOO
109 8
UNJ
RR.feCaiigou48.lUll
Pensacola A Atl See L A Nasi)
Peo A East See CCC&StL
Peo A Pek Uu 1st g 08....1921
since
as January
[Vol.
4
BONDS
Range
"2-e
Last Sale
113Hj
DRRK4
Weeks
Range or
Ask Low
Bid
Peiin
2<l
5
;1
'
10078 272
99 U Mar'03
86 H.
86 Hi "47
1003a
YA
1
W
J-J
116%
A-O
Nov
92*4
J-J
109*4
40
J-J
111*4
* Imp gold 6s. ..1930 FA
1949 M-S
1st consol 4s
Wilkes A East See Erie
M
AM
Wil it Sioux F See St P
Winona A St P See C & N W
IOOH1IO334
105% 109
105
108
Wis Cent
110
90
50-yr 1st gen 48.1949 J-J
90*2
116
93%
Mar'01
112 Dec '03
112 Apr'04
110%.M,iv'01
109 Apr'04
A-O 112
Exteu
107 1H»H: 110>4 Feb '03
102
103^ Apr '04
107
107 J'ne'114
106
106 J'ne'04
106
105 Deo '03
103 Hi
103 Nov'03
116
109*4 114
110% 110%
109
11
S6
109
91
90*4
89%
89%
91 H;
90
90% 20 88% 90J
MISCELLANEOUS BONDS— Concluded.
[Hnnufnctiiring A' Indiintrhil
Bar A 8 Oar Co 1st g 6s.. .1942
Consol Tobacco 50-yr g 4s. 196
Registered
1951
Distil Sec Corconv
Distill of Amer coll
lstg 5s. '27
trg Ks. 1911
IU Steel Co deb 6s
1910
Non-com- deben 6s
1913
Int Paper Co 1st con g 0s.l9lb
Int St Pump lo-yr con v. 6s '13
Knlcker Ice(Clno) 1st g6s.'2b
Lackaw Steel 1st g 6s
1923
1
NatBtarohMfgCol8tg0sl920
Nat Staroh Co s f deb 6s.. 1946
Stan Rope AT lstg 6s. ..1946
Income gold 5s
1946
U 8 Leatn Co f deb g 6s. .19 13
U 8 Steel Corp col tr 2d 6s.d'63
,
Registered
"No price
DliacoUaneoin
62
H,
Sale
Adams Excol trg4s
1948
62% 242 63% 62% Am Dkcfe Imp 6s See Cent N J
Jan'OO
106
61%
68 Hi May'04
03
01
08
95
01
Sep
Jan
99
'M
92
.
88
67
39
8ale
lHi
109
2*2
Sale
74*4 Sale
April 1963
Friday; latest bid and asked,
64
92
98
98
87
A in SS Co of W Vag 5s.... 1920 M-N
57% 68
61% 08% B'kl'n Ferry Co 1st cons g 5s '48 F-A
87
B6\ J'ne 04
-
89
92
105*8 108
97 102
]()S
lOD'j J'ue'04
93 B"eb*03
98
97
82 "92%"9-7 H
2 87
90 H.
y
65% 60
T
35
47
2 Mav'04
1% 4*4
109
109
"ia 107% 11 2 Hi
74*,
74% 107'J 68% 79%
74% 4 68% 79
74%
a Dne Jan
ft
Due Feb
102% 101%
102
o
Chic Jc A St Yard col g 5s. 191
UetM <fc M ldgr incomes.. 191
Boboken L A l gold 6b.. .1910
Mad s n Garden 1st g 5s. .1919
Man Hell H <fc Lgen g 4S..1940
Newp Ne Ship A D D5s<U990
N Y Dock 50-yr lstg 4s.. 1951
st J oseph Stk Yds 1st 4 %s. 1930
St L Ter Cupples Stat'n A Prop
Co 1st g 4%8 5-20 year.. 1917
S Yuba Wat Co cou g 6s.. 1923
Sp Val Wat Works 1st Os.1906
U S Red A Ref 1st sfg 68.1931
Due Mar d Due Apr ZiDueJ'ly
k
Duo Aug
o
102*4
27 100
103
100 34 J'no'02
'..
'
'03
'99
1
10S
107*2
62
'-
MS
82% May'04
61
82
Mar'01
76% Mar'04
76%
90Hi
90% J'ne'04
02
102%
J-J
AO
77
111
M-N
M-N
M-N
66%
'83*"
Feb '02
50
J-J
K-A
89%
90
91
100
J-J
J-D
J.j
M-S
Due
99%.
<
>et
p
108 Nov'03
113%J'ly'00
79 Aug'03
Due Not
q
Due Deo
s
Option sal*
7
June
—J
7
.
—
47
<Jns
of
Business at Stock Exchanges
TRANSACTIONS AT THE
NEW YORK
Par value
Shares
132,445
274.846
204.183
477,438
281,972
208,544
Thursday
Bonds
z7,304.85<i
20,391,900
Week ending June
Sales at
Stock
41,500
47,000
January
1
$1,000
June
1 to
1904
1903
1904
32, ooo
BO, -200
1
1903
$1,000
282,700
10,927.500
$431,400
849,200
284.165,000
$8,500
11,879,300
$692,750
349,000
322,891,700
$285,445,600
$11,887,800
$323,934,050
EXCHANGES
Saturday
...
Monday
Tuesday
Wednesday
Thursday...
Friday
Philadelphia
Boston
Unlisted
shares
Listed
shares
7.290
7,632
11,571
16,264
10,894
Bond
sales
$22,000
66,100
55,000
70,000
46,500
7,859
15.308
13,454
9,877
7,013
5,866
3,281
5,100
4.341
4,543
4,050
3,370
$73,500
141,800
70,000
64,800
66,700
29,400
$259,600
59,367
24,685
$452,200
4, '.US
2,520
1,337
H'LID'Y
13,121
Bond
Unlisted
shares
Listed
shares
sales
2,025
2,321
53,651
Total.
Weekly Review
of
Outside Market will
Street Railways
NEW YORK CITY
Bleeck St& Ful F stk 100
Hist mort 4s 1950 ..J-J
flB'y & 7th Ave stk ..100
T]2d mort 5s 1914 ...J-J
Con 6s 1943 See Stock
B' way Surf 1st 5s gu 1924
2d 5s int as rental 1905
ITCent'l Crosst'n stk. .100
UlstM 6a 1922 ...M-N
Cen Pk N & E R stk. 100
Chr't'r <fc 10th St stk 100
!ol& 9th Ave 5s See Stock
Dry
D E B & B—
Hist gold 5s 1932.. .J-D
flscrip 6s 1914 ....F-A
U Eighth Avenue st.,.100
HScrip 6s 1914. ...F-A
H42d& Or St F'y stk. .100
42dStM &
StNAv.,100
Bid
ConsolSs 1948.... E-A
Avenue stock 100
Sou Boulev 5s 1945.. J-J
So Fer 1st 5s 1919. ..A-0
Third Avenue See Stock
P & M 5s 1928
Tarry
YkersStRR 5s 1946A-0
flSixth
W
28th & 29th Sta 1st 5s *96
HTwenty-Th'd St stk 100
J-J
Deb 5s 1906
Union Ry 1st 5s 1942 F-A
Westchest 1st 5s '43 J-J
Ask
31
33V
94
96
23SV 244
104
107
Exch
list
§108
§ 99 4
280
5117
202
180
110
101
310
121
208
186
Exch
list
108*2 1103.
100
390
105
390
50
flletmort 6s 1910 .M-S 1044
80
1[2d income 6s 1915 J-J
Ihterborough Rap Tr. 100 11934
Lex A v & Pav F58 See St k Exc
Metropol Securities See Stk E
Metropol Street Ry See Stk E
Ninth Avenue stock. 100 185
Second Avenue stocklOO 203
Hist mort 5s 1909 M-N §102 4
nn^
172
§102
5105
Exch
100
104
§110
390
96
109
101
101V
405
106
405
75
1074
85
120
list
x list
x list
192
208
Ave
be
found on a preceding page.
Street Railways
Bid
Lake St (Chic) El stk.100
3V
J-J §
l8t5s 1928
HLouisv St5sl930..J&J §113
Lynn& Bos 1st 5s '24. J-D §112
New Orl Bys Co
100
9
27 3,
Preferred
100
J-J § 74
4Vs 1952
North Chic Str stock. 100
79
Pub Serv Corp of N J100 95
Tr ctfs 2% to 6% perpet 46
20
North J ersey St Ry 100
M-N 69 4
1st 4s 1948
ConsTracof N J...100 66 >i
J-D 105
1st 5s 1933
New'k Pas Ry 5s '30J-J §112
Or & New 1st 6s '05 A-O
Essex Pas 6s 1905 M-N
Rapid Tran St Ry..l00
1st 5s 1921
A-O
J C Hob&PatersonlOO
M-N
4s g 1949
So J Gas El & Trac 100
M-S
GugSs 1953
No Hud Co Ry 6s' 14 J5s 1928
Ext 5s 1924
4 Rochester '.iy
PreferrM
1124
176
Con 6s 1930
106
108
list
106
106
L13
400
99
111
106
J-J
M-N
Pat City con 6s '31. J-D
2d 6s. ...1914 opt A-O
103
100
100
See Phila
A-0 108
Con 58 g 1931
Impt 5a See Stock Exc b list
101
97
113V
114
76
80
100
464
70
67 V
105 4
113
§1004
§101
245
§108
17
69
85
§ 99
255
110
19
70
86
}1 12
115
110
§104
§122
§100
100
98 V
HI
104V
124
102
100
list
list
list
100
J-D
.... 100
6s 1936. ...M-N
i
67
77
43
70
97
19
103
14
59
16
584
78
46 \
80
Gas Securities
NEW YORK
48
63
Cramps' Sb
III
.100
3
J-D
1st 6s 1926
Pat & Pas Gascfe EleolOO
U Cong 5s 1949. ...M-S
Gas 5s 1937.J-J
StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946. J-J
45
48
100
93 a4
Telephone
flAmer Teleg& Cable 100
§
90
100
i.03" 105
35
104'4 106
180 200
115
82
78
52
47
118 121
N J100
J-D
Ferry Companies
B<fcNYlst6s 19 .11. J-J
Con 5s 1948 See Stock
N Y & E R Ferry stk. 100
1st 5s 1922
M-N
N Y & Hob con 5s '46. J-D
Hob Fy 1st 5s 1946 M-N
N Y&NJlst5s 1946. J-J
& 23d Sts Ferry 100
10th
1st mort 5s 1919. ..J-D
TJUniou Ferry stock .100
Hist 5s 1920
M-N
Railroad
Chlo Peo & St L pref.100
Deposited stock...
Undeposited stock...
Prior lien g 4 4s'30MtfeS
Con mtg g 5s 1930. J<feJ
Income 5s 1930
ChRI<fc Pac4s (wi)
Erie conv4sAprl'63A&0
Pacific
100
When released
Northern Securities.. 100
Reduced
LE
Bess&
50
Preferred
50
Seaboard Air Line
'07
Coll tr 5s
op (wi)M-S
Pitts
South Pacific rights (w 1)
Preierred (w i)
loo
Va& South western.. 100
Industrial
and
Alliance Realty
H Allis-Chalmers
^Preferred
IMiscel
100
loo
100
fiAmer Bank Note Co. 50
American Can com... 100
Preierred
100
American Chicle Co.. 100
Preferred
100
American Elevated
Malting 6s 19 1 4. J-D
Amer Press Assoc' n. 100
Amer Shipbuilding... 100
Preferred
100
Am Soda Foun com.. 100
1st preferred
100
2d preferred
100
American Surety
50
Amer Tobacco com... 50
^Preferred
100
Am Typefo'rs com.. .100
Preferred
100
Amer Writing Paper. 100
Preferred
100
68 1919
J-J
HBarneyA Sm Car ...100
100
1j Preferred
Bliss Company com.. ..50
Preferred
50
Bond<fc Mtg Guar.. ..100
Borden's Cond Milk.. 100
Preferred
100
Am
66
13
17
60
67
87
3
5
18
25
4
3334
95
84
'Diamond Match Co. 100 128
Dominion Securities. 100
Electric Boat
33
100
100
Preferred
Preferred
Electric Vehicle
65
4
94
50
1 00
100
.Preferred
1
11
Electro-Pneum'ic Tran 1
100
Empire Steel
100
Preferred
4
4
l»7V
12s 14
15
87
75
5
Electric Lead Rednc'n.50
Hall Signal Co
3
4
14
10
13
»8
"a
6V
42
48
31
45
93
15
18
96
%
25
35
80
15
35
27
38
103
8
15
100
Havana Tobacco Co.. 100
Preferred
100
Hecker-Jones-Jew'l Mill
M-S
101
Hernng-Hall-MarvinlOO
1
3
100
100
30
40
3
6
1st 6s 1922
1st preierred
2d preferred
Hobokeu Land<fe
1|5s
ImplOO 200
1910
Houston
18
92 V
§92
Preferred
7
154
20
100
M-N §102
3
100
100
Oil
Preferred
Hudson Realty
4
19
17
90
138
mternat'lBankingCol 00
Int'n'l Merc Marine. 100
Preferred
100
Col tr deb 4 Vl922op'07
International Salt
Companies
100
loo
loo
Havana Commercial. 100
Y&N
Preferred
UnitedElectricof
48 1949
BldglOO
894 914 Hackensack Water Co—
Ref g 4s 52 op 12. ...I -J
954 97
Bell Teleph of Buffalo 100
HCentral <fe So Amer .100
Chescfe Poto Teleph.. 100
J-J
5s 1909-29
llCommercial Cable ..100
Commer Un Tel (N Y).25
Emp & Bay State Tel 100
Franklin
100
1|Gold<fc Stock
100
U44s, 1905
88
86
Hudson River Teleph 100
1444
J Teleph. ..100 143
UN
5s 1920 See 8tock Ex chang e list
120" 123
1] North western Teleg. 50
82
78
Pacific & Atlantic
25
HSouthern <fc Atlantio 25 100 103
Chicago Edison Co.. .100
General Eleo rights
HKingsCo El L&P Co 100
Narragan (Prov) El Co 50
60
102
8
IJGeneral Chemical ..100
50
100
II Preferred
50
Gold Hill Copper
102
Greene Consol Copper.10
96 lj II ackensackM eado ws 1 00
iSc
Electric
A En
HCrucible Steel
UPrelerred
Cuban 6s of 1896
100
16
.
A-O §100
HO<fcIndCNat&
4
4
Cotton OilAFlbre,pref.26
98 B
A-O
Ask
Bid
Cons Ry Ltg&Befng.lOO
3> 44
Consol Rubber Tire.. 100
4 14
Debenture 4s
10 4 12
Cons Storage Batteryioo
10
ContTohac deb 7%'05A-O §1014 102 4
100
100
75 100
100
H Preferred
63
58
Lafay'eGaslst 8s'24.M-K
54
50
Log&WaliV lst0s'25.J-D
Madison (las 6s 1920.A-O §106 109
Newark Gas 6s 1944. Q-J §135 136
Newark Consol Gas.. 100 73 4 75 1
S-D §106 a4 107 4
HCon g58 1948
1004 Northern
Gen 4s 1934....SeeStk Exch
UmtRysSanFrau SeeStk Exch
15
WashRycfe El Co.. ..100
Preferred
48 1951
63
81
i
100
34 Brooklyn Ferry stocklOO
1024
HCong
5s 1909. .A-O §100
Ask
J-D 101
2d 5s 1933
So Side El (Chic) stk.100
914
Syracuse Rap Tr 5s 1946 §101
UnitRys(StLTrans) 100 134
100
57
Preferred
H West Chicago St
BROOKLYN
Atlan
60
A-O
'Miwerl
Air Co. ..100
Car Heating 100
IJCons Firew'ks com .100
UPref erred
100
Consoliit
ao44
NY& Q El L&PowColOO
Outside Securities
A
Jackson Gas Co
3s g 1937
Kansas City Gas
•
5a 1922
IILaclede Gas
Telejrr
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Week ending
June 17
iy04
44
58
Indianapolis Gas slock 61)
M-N
1st 6s 1920
St Joseph
$11,211,200
Total bonds
Gas—
M-N
111
1908
5s 1938
—
BR. and mis. bonds
Nat&
No Hudson L H & Pow—
49,165,1^1
3,457,929
79,087,235
1,639,428
Stocks N o. shares
$154,919,950 $310,139,100 $4,571,719,(525 $7,441,018,000
Par value
$325,200
$40,700
$321,650
$3,000
Bank shares, par..
BONDS
Government bonds
1st Cs
and
Industrial
914 Comprised
•
$1,000
:
$10,927,500 $282,700
New York
Exchange
$0'<,000
19,000
$1,472,500
1,756,000
2,283,000
l.vig.000
1,803,000
1,715,000
$12,214,500
24,66 ','
24.436,250
45,90 ',81)0
1,639,428 $154.'!19.930
Total
Bonds
Ask
i
V S
Bonds
Stale
<tc
91
58
28
Gas & El Bergen Co. .100
.rand Rapids Gas
F-A §101 103
1st 6fl 1915
100
67 4 69
Hudson Co Gas
See Stock Exch List
5s g 1949
STOCK EXCHANGE
Railroad
Bid
!">ecuriti«'«
<fe
Indiana
.Stocks
2431
Hudson Gas 100
KortWavne 6s 1925. .J-J
Essex
WEEKLY AND YEARLY
DAILY.
Week ending
June 1
iyu4
.
THE CHRONICLE.
18, 1904.]
Volume
1
100
142
34
15
1,
94 31
100
43
Istg5sl951
International Silver. 100
Preferred
100
6*18 53l8
1st 6s 1948
190 195
J-D §100
89 4
John B Stetson com. .100 150
42
Preferred
39
100 130
77
74
74
Lanston Monotype
20 f
22
Lawyers Mort lnsur.100 160
20
260
66
4 Lawyers' Title Ins. ..100
66
IJLorillard (P)pref ...100 115
Mackay Companies ..100 23
67 4
6
Preferred
100
54
10
105
Madison So Garden. .100
list
57
Exch
2d 6s 1919
4
M-N
85
14
Manhattan Transit
20 t
75
90
7k
Mex Nat Construe. pf 100
i 89
107
Monongahela R Coal. .50
105
110
Preferred
50 t 21
§108
1U4
Mosler Safe Co
102
100
60
Enam
40
UNat
& Stamp 100 14
95
79
100
§ 91
II Preferred
30
28
National Suretv
100 110
42
89
88
UNew Central Coal
20
Y Biscuit 6s 1911. M-S 104
115
N Y Mtge& Security. 100
16
1|New York Dock
100
40
8
^Preferred
100
4
33.
10
N Y Transportation. ..20
9
1
Nor
Lum'r & PulplOO
§106 109
91
34
HOntano Silver
88
100
29
28
Otis Elevator com
100
24
84
Preferred
100
§ 934
244
87
Pittsburg Brewing
50
§ 82
44 4
Preferred
50
14»h
133 136
Pittsburg Coal
1 00
54?6
Preferred
100
98 V 99 4
24 Pratt & Whitn pref.,100 97
24
36
Realty Assoc (Bklvn)lOO 116
33
t
77
Royal BakPowd pref.100 103
74
t
61
Russell & Erwin
25
86
Safety Car Heat<fe Lt 100 183
85V
34 Seminole Mining
3
5
25
116 1164 Simpson Crawford Co 100
35
Deb s f 6s '24 op '05. .J-J
25
Singer Mfg Co
100 390
64
Standard Milling Co. 100
25
Preferred
100
74
90
5s
84 Standard oil* of *N J . 1 00 623
74
28
43
Standard Coupler com 100
41
57
Preferred
54
100 110
4
50
44 44 Storage Power
37 V 384 Swift <fe Co See Boston St k Exc
90
1st 5s 1910-1914. ...J-J §100
85
80
Tennessee Copper
75
25 t 30
4 UTexas <fe Pacific Coal 100 75
V
102
100
1st 6s 1908
A-0 §105
142
t
N
Am
".
334
16
50
45
6
33
102
150
84
170
270
24
68
20
62
4
13s
8V
84
22
102 4
16
82
120
44
125
20
44
44
2
4
4V
31
87
24 4
45
16
4
104
63
190
4
30
80
415
8
23
75
630
32
126
4
h'ge
101
32
90
110
440
90
Title Guar & Trust ... 100 430
140
20
Title Ins Co of N Y..100 130
84
k Exc h list
81 7b 84 4 Tonapah Min (Nevada). 1
8V
233
9
12
Stk E x list
4
Trenton Potteries comlOO
2
Con 5s See Stock Exch list
82
78
70
290 310
Preierred new
63
100
Bkln Crosstn 5s 1908. J-J 101
75
14
Trow Directory new. . 100 65
11
BknHgtslstSs 1941 A-O 105 106
3
7.
107
Union
158
Copper
,
See
Stk
list
consol
1948.
.J-J
§1064
10
&
Sub
Exch
1st
5s
Bkln Q Co
66
260 500
Union S witch & Signal 60
NY G EL H&P See Stock Exch list
Bklyn Rap Tran See Stk Exch list
105
Preferred
135 140
60
350
N Y & East River Gas—
U Coney Is. &Bklyn ..100 330
30
113
Union Typewr com.. 100 80
26
1st 5s 1944
J-J §111
1004
1st cons g 4s 1948. .J-J 100
109
111
109
J-J §107
84
87
1st preferred
100
ConsolSs 1945
Brk C & N 5s 1939.J-J 111 114
2d preferred
100 110 111
Richmond Gas. 100 35
24 3
Gr St<ftNew 1st 5s '06 F-A 100
IV
14
Nor Un 1st 6« 1927. M-N §103 106
104 12 UnltBoxboard* Pap. 100
Gr*pt ALorinier St 1st 6s 102
114 124
75
100
Preferred
^Standard Gas com ..100 130 140
74
Kings Co. Elevated—
2
20
100
2V
15
ITPreferred
100 155 170
U S Cotton Duck
1st 4s 1949 See Stock Exch list
20
110 118
100
M-N §110 113
Nassau Elec pre!
1st 5s 1930
U S Envelope com. ..100
75
65
63
100
150
^Preferred.
1944
A-O
130
5s
1104 112
See St k Exc h list
140 160
lat4s 1951
U S Realt y& Imp (w i) 100 44 47
OTHER CITIES
85
345 360
5s g 1924 opt (wi).. J-J §82
N Wb'g&Flatlstex4Vs 100 102
6
51
119 120
Steinway 1st 6s 1922.J-J §.... 115
U S Shipbuilding (w 1)...
Amer Light & Tract. 100 49
35
93
Preferred (w i)
91
109 111
100
Preferred
i
8
18
26
Camden Land
Bay State Gas
50
3 t
V
4 6 oertifs
i<
OTHER CrTIKS
95
98
Celluloid
114
S Steel Corp new 5 s See Stk E x list
Co
113
1938
{
100
U
Binghamton Gas 5s
Buffalo Street Ry—
ColtT8l6s'51opt'll.. §106 106V
Cent Fireworks com. 100
18
13
Brooklyn Union Gas deb
Coltrsf 5s '51 not opt.. §106 1060g
1st consol 6s 1931. .F-A §112
186
Preferred.
65
60
113 V
100
6s 1909oonv'07...M-S 183
94 10
5
Central Foundry
Deb 68 1917
A.O §103 107
4
Buffalo City Gas stocklOO
100
14 14 Universal Fire Ext'r. 100
IV
City
Ry
Universal
Tobacco... 100
stk. 100 175
4
Chicago
Preferred
178
1st 5s 1947 See Stock Exch list
100
74 9
2
4
Preferred
100
Chic UnionTrac See St'ck Exch list
Deb 6s 1919 op '01M-N 50
53
Chicago Gas See N Y Stk Exch list
Westchester & Bronx
Cleveland Electr Ry.100
Century Realty
70
714 Cincinnati Gas & EleolOO 101 4 102
100 100 125
150
130
Title & Mort Guar Co
Columbus (O) StRy..l00 90
Chesebrough Mfg Co 100 420 440
91V Consol Gas of N J. ...100
Westingh Air Brake.. 50 H27V
Preferred
100 1053«
92
UClaflin(H B) lstpref 100
95
J-J §90
90
1st 5s 1936
8
7
White Knob Mining. 10
Colum Ry con 5s See Ph ila list
95
90
100
Consumers' L
& Pow
J[2d preferred
Worthing Pump pref.100 114 120
Cro88t'wnlst5s'33.J-D
J-D §101 102
TiCommon
90
98
100
5s 1938
106V
Col <fe Hock Coalcfe I pf 100
Grand Rapids Ry
100
80
60
50 r
65
62 V ^Detroit City Gas
Preferred
1st g 5s 1917
90
100
JJ
85
874 90 Elizabeth Gas LtCo..lOO 200
a Ex rights. »Ex div, U Sells on Stock Exchange, but not a very aotive security.
i Buyer pays accrued interest.
1 Price per share,
t Sale prioe.
W E 5s 1933. .A-O
Brooklyn City stock... 10
BB&
100
231
Cent Union Gas 1st 6s.
Con Gas (N Y) stk. See St
Equit Gas con 5s 1932 See
100
TTMutual Gas
New Amsterdam Gas
NY&
H
§107
109
80
7
7
BOSTON STOCK EXCHANGE-Stock
Share Prices— Not Per Centum Price*
Monday
Saturday
June 11
71
944 94 4
"
241
147
232
241
241
1444 146
'232
163
....
240
1484
232 14 •232
163 4 163
*
169
....
160
1474 148
Last sale 236
117i
•182
•160
•280
11741174
794
•
•184
70
•7%
79'
172
19
70
8%
188 4
188
'182
....
180
181
160
....
....
•160
•280
....
....
133 34 134
13434 135
•384
•384 40
172
184 16 "8
•70
•6 34
734
•
Last Sale Z604 Apr '04
Last Sale 285
J'ne'04
136
1344 1344 135
•384 40
384
384
•79
•79
79 v
79«8
Mar'03
Last Sale 42
Last Sale 172*1 J'ne'04
19
184 19
184 184 •18
70
70
•74
•226
229
19*
138
117
198
70
70
84 Last Sale
1884 1864 187
Last Sale
229
Last Sale
200
1984 198 4
784 Last Sale
6 34
1864
N YN H &
1864
162
May'04
233
198
Apr '04
Hart.. ..100
100
Norwich
pref 100
Old Colony
100
Pere Marquette
100
Do pref
100
Rutland prof
100
Savannah Elec com.. 100
Seattle Electrio
100
Do pref
100
Terre Haute Eleo
100
Union Pacific
100
Northern
198
784 •78
78
J'ne'04
6934 693, 69
*694 71
•69ia 71
69
69
71
•30
J'ne'04
334 •30
334 Last Sale 30
334 •30
Last Sale 254 Oct '03
Last Sale 42
.Feb '04
*
•
83
88
88
884 8834 8834 65'""
88
88
•624 65
•624 65
Last Sale
•624 65
Jan '04
8734
857,
85 4 864
864 8834 87
864 864 85
*93
92
92
92
92
94
92
924 924 92
Last Sale 165
J'ne'04
90
•904 91
•904 91
91
91
91
91
91
111 112
1114 111
111
111
112 112
•17
Last Sale '74 Feb '04
1738
•38
3838
Last Sale 38H J'ly'03
*140
140 ....
Last Sale 145
Jan '04
140
784 •78
•78
•1884
4%
20
74
74
44
•184 194
126
12734 128"t.
•104 11
1134
•112
7»4
74
•5 4
734
6»4
19
1263s
12641264
12841294
-104 10 34
74 4 754
74»4
74
44
44
44
Amer Agricul Chem.100
14
734
44
*184 20
126
126
:,
4
12834
1034
75
•184
1264
1264 1264
1294 128 78
127
1034
75 4
9 34
754
3%
20
<fe
3%
634
•54 6 34 LastSale 54
*P4
J'ne'04
234 a4 235
2344235
235
235
2344 2344 235 235
al.vj
15741574 15641674
153
169 159
152
162
-394 40
394 39 4 394 394 •394 40
40
40
80
7934 80
79 3 « 79»4
80
80
804 804
804
3
17641764 176 4l7634 177 177 •1764177 a;17334 17334
14 136 •14 1% 14 14 14
•14 l^
14
119 121
121 121
121 121
122
120 120
1224
I'm 14)2
LastSale
212
212
84
84
•1014 10134
•224
•24
112
211
8
94
94
••60
74
77
80
80
95
95
14
•64
4934
94
63 4
644
74
53*
4934
••40
21
••40
'..
84
21
••374 *43
460 460
"*84
40
138
74
4
'60
334
40
44
••45
44
•56
•60
•7
*3»ie
14
74
•34
"84
•75
•12 4 13
69
69
24
24
69
24
l
63b
494
7
e
•„
14
•9 4
••40
8
49 7
8
10
455
• •27
-28
424
42
2334
64
110
7
i *
•7
34e
14
7
i »
74
3*ie
14
34
74
34
•3 4
-50
8 3^
•7
4
24
54
110
•
404 404
44 44
••46
-66
••60"
'*16
•Ml
85
84
86
1
••50
1
••60
1
6
98
••60
•76
84
95
14
*54 54
493g 494
Last Sale
Last Sale
Last Sale
Last Sale
Last Sale
•14
•6
'4
•90
1%
«4
96
:,
4
4
•194 20
934
86
4
C°8
714
2
•50
97,
35
2 '4
5°8
3»4
20
913 1U
36
•2
b\
83«
2(1
O^m
35 4
94
634
'03
J'ne'04
107 34
49
294
75
84
81
450
•27
24
62
•7
Mining
AdventureCon
Allouez
493e
25
95
11
3
4
424
494
Amalgamated CopperlOO
5
Apr '04
J'ne'04
455
90
10
36
•'2
4
64
"2
"*1»4
"2
•34
•14
•7
34
404 404
•4
44
Last Sale
Last Sale
•75
40
•80
•4
May'03
1
334
72
72
72
•76
•60
-75
64
64
•9 4
36 4
4
•64
2
•714 72
72
Last Sale 50
',
13
604
26
14
85
J'ne'04
J'ne'04
6
93
Deo '03
J'ly'03
Mar'04
20
24
•75
4
Last Sale 6
•2
404
44
J'ne'04
•84
104 104
36 4 354
72
34
14
74
34
75
85
10
3534
24
6°b
••60
7
•50
••50
•76
20
72
604
Last Sale 60
J'ne'04
•34 334
34
34
20
-76
424
24
Last Sale 50
14 Last Sale 24
64
64 64
6
64
93
944 90
94 4 •90
Last Sale 76
Last 8a
33
376
Apr*04
24
49
•14
34
•28
24
53
7
25
25
Mar'04
May'04
Apr '04
•28
34 3"sl
14 14
•7
74
34 34
S
Torrington Class A.. 25
Do pref
25
Union Cop L'd & Mg. 25
United Fruit
100
United Shoe Maoh... 25
Do pref
25
100
U S Leather
Do pref
100
100
U S Rubber
Do pref
100
100
U S Steel Corp
Do pref
100
West End Land
25
West Telep & Teleg.100
100
Do pref
Westing El & Mfg.. . 50
50
Do pref
6
75
94
294
40
74
B
100
pref
14
455
Last Salt
424 424
W
w
W
Do
Pullman Co
100
Reeoe Button-Hole.. 10
100
Swift & Co
*1
64
•27
PlantCom t'st stt comlOO
W
90
8
8
84
84
214 214 •204
214
Last Sale 30
J'ne'04
450
General Electric
100
Mass'chusettsGasCoslOO
Do pref
100
Mergentnaler Lino.. 100
Mexican Telephone.. JO
100
N E Telephone
J'ne'04
14
'
*3
84
81
•124 18
124 124 •124 13
•12 4
69
694 694 •59
69 4
60
243« 24»4
24 a4
25
26
•244
1*8
138
•14
14 •14 14 •14
84
14
a;294
Sep
Last Sale 05
Apr'04
194 194 194 194
194
97
84 878
84 104 •9
„ *
74
34
14
74
-75
106
49
EastBoston Land
Edison Elec Iltnm...l00
84
102
Aug'03
19
84
6
•90
8
450
"*2
'60
494
Last Sale 764
14
54
••60
•14
84
'50
-36
•
84
34
40
404
44 44
60 •56
-76
•l 4
53s
9
Vf S*
IO934
294 30
••60
80
95
14
•25
49 4
•80
14
42 4 42 4
23 4 23 4
64
65
'
2
74
34
3
49 34
-76
s
8
•80
•77
•90
19 4
•26
42 '4
24
•654 66
*3«8
74
450
•19
9
42
24
34
•14
74
•60
-50
"35
8
1017g
LastSale 28
LastSale '2He
•204 214 21
21
•37 4 -43
••374 -43
-26
•134
•7
.
•7 34
460
19 4 19 4
•878
94
••24
94
•94 10
-60
-35
•74
84 84
10141014
May'04
213
Last Sale 7934 May'04
Last Sale 274 May'04
Last Sale 66H J'ne'04
94 94
94
94 94
94
544 5434 54»8 544 544
544
644
49
213
Last Sale 254
294 294
678
14*2
2114212
1124 108
4934
80
96
14
•54
494
14
•94 10
•
-24
110
-76
•80
•77
•90
84
224
494 494
294 294
678
211
1014102
•24 3
3
1124 1124113
-60
7
80
211
*8
•224....
•294 294
6434
84
IOI34 102
*48*s 49
•60
213
pref
Wisconsin Central.. .100
Do pref
100
Wore Nash <fe Roch.,100
Miscellaneous
Boston Land
10
fOumberl Telep & Tel 100
Dominion Iron <fe St...
44
1134 •112
112
Do
100
100
50
50
May'04
1134 Last Sale 114
•74 8
74 74 •74
8
19
1264 12534
744
744 744
734
pref
1264
1264
1294
104
754
44
126 126
127 34 1284
1034 1034
184
Do
Do pref
100
Amer Pneu Serv
50
Do pref
50
Amer Sugar Retin
100
Do pref
100
Amer Telep Teleg.100
Amer Woolen
100
Do pref
100
73
44
1264 1204 126
126
134 134 134 14
734
734 •73
•134 14
14
734
44
N H
& Wor
Vermont & Mass
West End St
r
•18
73
1O0
100
pref
Mexican Central
J'ne'04
I9»t
104
364
24
534
72
J'ne'04
Amer Gold Dredging
Am Zinc Lead & Sm. 2
Anaconda
25
Arcadian
Arnold
25
25
Atlantic
25
Bingham Con Min&S 50
Bonanza (Dev Co)... 10
25
Calumet & Hecla
10
Catalpa (Silver)
Centennial
25
Oil
25
Central
......
..
Cons Mercur Gold...
Continental Zino
5
MarU 754 April
Elm River
Franklin
12
25
Granby Consolidated. 10
Guanajuato Consol.. 6
Isle Royale (Copper). 25
Mass Consol
26
'25
Mayflower
Michigan
26
Mohawk
25
Montana Coal & Coke 25
Montreal <& Boston.. 5
25
National
26
Old Colony
26
Old Dominion
26
Osoeola
Parrott(Silv<fc Oopp) 10
Phoenix Consol
26
Quiucy
Rhode Island
Santa Fe(Uoid &
Shannon
Tamarack
Teouniseh
26
26
cop) 10
10
96
26
170 J'ne 7 175
1634 Feb25 24
Apr '26
40
65
Jan
6
145
Jan
7
34
230
14 J'nell
Mar 8
Feb 8
Mar21
8 Feb23
154 Feb 24
25
Feb
25 Jan 13
80
7 Feb 11
75
145
Jan
7 144
Sep 150
Jan
164 Jan 13
76
Jan 23
3
t6
Jan 18
J'nel6
Feb 2
Mario
114 Apr 6
1978 Janl2
Jan 23
1
25 Jan 13
63
1
8 34 J
an 20
2
33 34
•50
6
7
24
Jan
10
J'ne
•76
May20
Jan
6
124 Apr
Feb 23 47 4 Jan
9
7 4 Apr
2
10
132
5
Apr
111
Jan
Jan
53
314 Feb
154 Feb
954 May
184 Feb
574 Jan
3978 Feto
894 Jan
80 Mar
28
102
108
110
Jan
Feb
Feb
Jan
18
Jan
Deo
•75
•25
7
84Mar
754 Mar
Oct
Feb
Jan
154 J'ly
Mar 2 23 4 Jan 21 20
•39
May 14 •50 Mar23 •40
435 Jan 4 170 Apr 9 400
05 Apr 28 •05 Apr23 •OS
710 d 14 4 Feb
224 Apr 8 12
2,795
1,400
Jan
Feb
Jan
263.4 Jan
2934 Jan
237
34 Jan
370 19
Sep
Apr
Oct
Dec
Dec
J'ly
Feb
14 Feb
Mar
314 Feb
6 4 Feb
95 Mar
144 Feb
39 4 Feb
90 Mar
551 Mar
1234
Feb
314 Feb
10
J'ly
Sep
4 J'ly
Jan
104 Sep 16 Mar
37 J'ly 75 Feb
31 Nov 484 May
5»4
•35
9
Nov
1 27 32
20 4 Apr 15 36 Jan 2
49 J'nel6 72 Jan 2 69 4 Oct 131 8 Jan
5 107
Mar31 113 Jan 22 106 Oct 1184 Feb
17e j'nel4
Oot
50
2
5
Mar
2 4 Jan 6
250
7 J'ly 14 Feb
7 J'ne 2
94 Jan 9
165
1,165
1,705
24 Mar 18 4 4 Apr 2 9
100 •624 Feb 15
Apr 8
2
100
6 4 May 21
94 Jan 25
460
478 Janlti
3
Feb 25
'50
MarU •37 4 Jan 22
*"*65
3 4 J'nelo
6 4 Jan 5
745 34 4 Feb 8 4-; 4 Apr 8
400
2 4 Jan 19
Mayls
6
50 Feb 18 82 Apr 16
876 •60 J'ne 9 "14 Apr 26
50
9 4 Feb 9 14 34Apr 2
415 63 Feb 8 62 4 Jan 6
1,443 90V Feb 1 29 4 Feb 2
138 J'ne 1
loo
3 Jan 25
100 80 Feb 25 100 Jan 5
•50
May28
14 Apr
B
1 4 J'ne 2
24 Jan 20
415
64J'ue 1
94 Jan Is
70 85 May31 120 Janlii
5 4 Apr
334 J'ly
•50
Deo
04 J'ly
J'ly
3
•50
Dec
3
Dec
1
J'ly
58
8
434J'ly
79 Feb
16 J'ly 34 Feb
278 Deo
7 4 Feb
80 Oct 126 4 Feb
•75
1
Nov
7
Deo
7:.
J'ly
4
J'ly
Nov
3
6
480
25
New stock.
18
Mai 25
Marl9
Juii
1
84Jan
4
30
24
6
69
•50
Jan
2
J'nell
Feb 23
64 Jan
6
22
5
Marl9
Jan 20
104May23
354 J'nelo
4 Apr 22
74 Jan
Jan 6 76 Mar
Feb 23
14 Jan
5
9
4
44
4
l» l6
3334
Dec
Deo
Jan
334 May
14 Dec
54J'ly
61
76
J'ly
Oct
Fob
Mar
14 Feb
31 34 Jan
27 4 Feb
17 Mar
J'ly
164J'ly
8
22
Feb
Jan
144 Apr
190 Feb
173'4 .Ian
334
Jan
174 Feb
18 Feb
24 Jan
1 4 Feb
Feb
2 Nov
Mar
•55
Nov
24 Jan
75 May 14 Jan
•60
J'ne
2 4 Feb
5 Oct
23 4 Feb
434
31
•25
26
26
;|
3
Feb
6
Feb27 21
1,410 d3»i 6
4,586 43
220
260
96
OBeforepay'tofassess'tscalludlu 1903. d Before pay'tot asMoss'u called in 1904. *Bidandasked.
Feb
92 Jan 26
65 Jan 6
8978 Apr 4
10 Mar 2 8 16 MarU
133 208 Maris 2194 Jan 22 197 J'ly
191
64 Jan 19 84 Apr 14 64 Dec
256 x9d 34 Mar21 102 Jan 6 99 J'ly
25 J'ne
28 J'ly
134 Jan
2 Jan 16
2 4Mar29
91 Aug
3,289 95 Feb 8 113 J'nela
436 454 Feb26 51 Mayl3 364 Oct
413 28 Jan 28 30 J'nel5 27 Aug
100
64 Mayl2 8 Jan 23 7 Sep
77 Jan 16 7934 Apr 22 7134 Oct
9 Oct
10»4 Feb 6 17 4 May 5
404 Jan 6 68 Apr 29 33 J'ly
808
84 Mayl3 124 Jan 2 10 Nov
3,469 614 May 13 62 4 Apr 8 49 34 Nov
•50
100
Apr 12 75 Jan 14 •50 Jan
7 4 Nov
429
64 J'ne 3 11 Jan 25
4 76 Marl 4 83 Jan 21 71 Oct
764 J'ne 7 85 Jan 21 67 Oct
20 944 Mar 3 100 Jan 15 6034 Oct
8,61 >
96
7
2
I
6
Wolverine
May
May
544 Aug 89 78 Jan
85 Ang 1034 Jan
244 J'ne 2624 Feb
134 Aug 154 Jan
230 Aug 250 Apr
161 J'ne 195 Jan
170 J'ne 177 Apr
290 J'ly 305 Man
133 Sep 157 Jan
110 Not 125 Jan
184 Nov 1964 Ma|
160 Jan 170 Mai
270 Ang 286 Feb
131 J'ly 1434 Feb
25 Oct 394 Jan
75 Dec 83 4 Jan
42 Mar 42 Mai
173 4 May 180 Feb
17 Nov 3734 Feb
75 Dec 96 Jan
84 Nov 284 Apr
tl884May 225 Jan
1614 Dec 1734 Mai
220 Sep 232 Mai
196 Aug 2124 Feb
74 J'ly 91 May
68 Sep 85 Jan
30 J'ly 71 Jan
7 J'ly 25 Jan
75 Jan 84 34 Jan
91 4 Oct 104 4 Jan
9 Nov 26 Feb
66 4 Nov 864 Feb
3 Sep
Mar31
7 Mar
50 17
Mar31 12 Sep 24 Mat
3,908 1224Feb24 131 4 Jan 25 1074 Oct 1344 Jan
125 122 4 Jan
126 34 Apr26 116 Aug 1234Deo*
5,054 1194 Feb 19 1304 Jan 25 1144 Oct 1694 Feb
1478 Feb
26
6 34 Oct
9 Feb 19 124 Jan
2,174 684 Jan 19 774Mar30 65 Oct 794 Jan
100
5 34 Jan
34Mar28 378 Febl6
3 4 J'ly
1124 Jan 15 1154 Apr 15" 115 Oct 127 Jan
64 Nov 62 4 Jan
425
74J'nel3 12 May
834 Jan
54 Oct
54 Jan 23 64 Apr 14
To'i 230 Feb 26 240 Jan 16 223 Deo 310 Feb
278 al52 J'nel5 1784 Jan 22 138 Sep 204 Feb
30 J'ly 48 34 Feb
219 374 Maris 434 Jan
777 77 34 MarU 824 Jan 6 744 J'ly 884 Feb
117 173 J'ne 2 180 Marl 2 I6434 Aug 190 Feb
155
14 Oct
2 4 Jan
14 Apr 30 2 Jan 25
116 118 Feb 23 127 Apr 16 121 Nov 139 Jan
300
MarU 4 Jan 28 9 Apr 20 Jan
1
76 124 Apr 14
168 71 Jan "
1,075
Utah Con (Gold)
Wyandot
Apr
Highest
66 34 Ang 104 4 Jan
714 MarU
87 864 Mar 1 944 Apr 6 834 Oct 95 Jan
160 Mayl6 168 Apr 21 zl62 Sep 178 Feb
92 89 Jan 4 93 Marl6 87 4 Aug 97 Feb
9 108 Jan 4 1134Apr26 108 Sep 116
Feb
174 Feb 26 174 Feb 26 15 4 Nov 264 Jan
38 4 J'ly 52 Jan
7,825
140
Winona
Jan 15 42
874May25
190
"4"u6
Victoria
1844MaylO
1624 Jan 4
8
100
United Copper
OnitedStatea Mining 25
UiutStatesCoaltfeOit 25
Trinity
J'nel5
251 Apr 25
151 J'nel6
240 Apr 23
169 Jan 25
171 Jan 13
301 Apr 23
146 Jan 26
1244 Jan 19
Jan 21
684J'ne 6 804 Jan 27
6 Apr 25 14 Jan 11
206 1854Mny25 196 Jan 2
162 May27 163 4 Apr 7
222 Jan 29 232 Apr 21
31 198 J'nel3 207 Apr 21
75 Feb 16 804 Feb 1
"i02 68 Marl 7 75 Jan 13
30 May 11 39 Jan 20
155
25
26
IYinn'.ssi<i>
95
J'nelO
25
20
100
100
Lowest
285
141
40
80
Copper Range Con OolOO 1,285 38
Daly-West
Dominion Coal
Do pref
tor Previoxn
Year (1903)
Highest
Lowest
pref
Do
•70
Range
Week
Shares
Houston El'tric ooin.100
Maine Central
100
Mass Electric Cos
100
172
18841864 188
198
•182
the
100
33 88 Jan
218 23934 J'ne
Boston <fe Albany
100
Boston Elevated
100 1,221 xl37 Feb 5
100
230 Marll
Boston* Lowell
121 161 J'nelo
100
Boston & Maine
Do pref
166 Apr 16
100
295 Feb 24
Boston & Providence 100
20 136 J'nel5
Chlo Juno Ry & U S Y100
17 z.1164 J'nel5
Do pref
100
13 180 J'nel4
Con* Mont Class 4.. 100
Conn <fe Pass Riv pref 100
160 Apr 6
276 Jan 25
Connecticut River. ..100
200 133 J'ne 6
Fitchburg pref
100
50 244 Jan 2
100
Ga Ry& Electric
15 73 Jan 27
100
Do pref
151
J'ne'04
137
117
182
Mange /or Tear
1904
Sales
0/
EXCHANGE
Do
241
168
STOCKS
BOSTON STOCK
Railroads
Ateh Top & Santa FelOO 3,760 64
9434
5004
163
Friday
June 1
724
May'04
163
May'04
163
161
79%
794 •79
•79
•225
229
199
•225
199
•
4()
241
Last Sale
Last Sale
....
136 1374
140
1174 351164 1164
•136
139
'280
•1334134
•384 40
163
169
300
137
•240
241
241
'300
138
June Id
1474 148
241
163
169
•300
•136
1'hursdav
714 724 71
•944
944 95
714 714 7178
944 944 •94
944
71»8
71
Wednesday
June 15
Tuesdau
June 14
June 13
Weekly and Yearly
Record, Daily,
1
9
Feb
14 34
77
278
Mar
Mar
Mar
fAss'tpaid. tEx-rights. aEx-dlv.& rights
b
5
June
Boston Bond Record.
18, 1904.1
BOND!*
Am Bell Telephone 4s 1908 J.J
J-J
Am Telep & Tel coll tr 48.1929 MS
Atch
<*>
Nebraska
Range
Thursday
June 16
or
Last Sale
97%
Sale
92 b Sale
923s
100%
Sale
92
110
i
97%101b
Feb'04
104bApr'O0
<fi>
Feb'04
117
99% Jan
112V
J'ne'04
Apr'04
Jan '04
100b Feb'04
105
106
100b 100b
104 105
99 b 100
98b 98b
90% 92b
105% 106%
106
106
105b
97b 98b 97bJ'ne'04
W
123bApr'04
io6bio74
W
97
98 b
124 34 125 4
125
125
Sale
95^ 97b
123bl24b
100 May'04
1064J'ne'04
109 b Mar'02
112 b Jan '03
101 Apr'04
96
96
100
101b
105b 106%
lOOblOlb
95
97
105% 109
104 104%
102 b 103
108%
108 34
Sale 104
104
102 b Apr'04
110
108
104
lllbMay'02
137
137
94
137 b May'04
137 Feb'04
93%
94
93 b
93 34
Sale
Note—Buyer pays accrued interest in addition to
M
117
137
137
137b
137
94 b
31'
90
16
90% 93%
the purchase prioe for
Philadelphia and Baltimore Stock
all
Monday
69%
Wednesday
June 15
Tuesday
June 14
June 13
NYAN
Boston Bonds.
"
Stocks see below)
60
7b
8
8
16b 16b •16
•5%.
6
6
76b
70b
76
'
7b
7b
16 b
7%
*16b 17
•6%
6%
j
j!j
j-j
94
18% 18%
b
8%
*l 16
8%«
•74% 76
39
39
5% 6",e
83
8%
8 34
•8%
75
3
49 3
60
83
S8b 38%
6b 6b
*12
12 34
23b23i3 18
40% 40 34
4
32% 32%
4934
60
83
60
83
82% 83
PHILADELPHIA
Bid
Inactive Stocks
American Cement
10
AmerlronA
Steel.. ..50
Ask
"48
Lit Brothers...
little Schuylkill
A
50
46 b
56
132
10
60b
2b
Steel.
104
614
64b
3
North Pennsylvania.. 50 101b 103
Penn Gas Coal
50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Phila Co (Pitts) pref.. .50
43 34 44
150 152
60
96b 96 34
lO
N orris. 50
A
b
b
Steel..
S
Tidewater Steel
10
Preferred
United N J
10
2
3
100
25
267
268
BR A C.
Unit Pow & Trans
United Trao Pitts
Preferred
.
50
50
Steel. 10
49%
Warwick Iron &
West Jersey & SeaSh.50
Westmoreland
_*
3 34
66
Coal... 50
Bid and asked prices
38 b
6%e
»12b 12 34
23% 23%
40 34 40%
33b
33 b
*18
PHILADELPHIA
E
Welsbach Co
20
Bid
Ask
Bonds
ext 7s 1910 A-O
AmBysconv6s 1911. J-D
Atl City 1st 5a g '19. M-N
Balla Ter 1st 5s 1926. J-D
BergAEBrw 1st 6s'21 J-J
116
98 34
99
92 b
104 105
115 118
PHILADELPHIA
119%
92
95
85 b
104
108 b
81
104
107
101b 101%
120b 122
118
May'04
60
104^
Apr '0-1
94
102
102
102
;
4
57
7b
97 b
102
102
b 104 b
101b 102 b
101%
104b 104b
101
16 101
J'ne'04
120bl20 34
102 Mar'02
92 Apr'04
103 b 103 b
107 Feb '03
92
100
102% Apr'04
100% 103
107
71% 72b
102% 102%
105bl054
101% 101%
93 b 100%
87% J'ly '01
112% Apr'04
lj
94%
100bH3
67
101% Apr'04
99 4
99
and asked,
92
103 b
94
113
102 34 Apr'04
105% May'04
102 34 Apr "03
Daily,
16b
Mar'02
72b May'04
Sale
7(>b
13
Ob
94% Mar'04
Sale
118
58b
J'ne'OII
112% 112
Trust Co.
ctf s.
Weekly, Yearly
Range Jor Year
1904
Lowest
Highest
224 67 b Jan 5 73% Apr 13
20 71 J'ne 2 92 Apr 12
369
7bJ'nel3 10 34 Jan 2
62 15% Jan 16 21% Jan 2
130
5% J'ne 1 8% Jan 26
Bid
P A E gen M 5 g
Gen M 4s g 1920..AAO
Ph A Bead 2d 5s '33.A-0
'20. A-O
M 7s 1911 J-D
M 6a g 1911. ...J-D
Ex Imp M 4s g '47. A-O
Con M of '82 4s '37.JJ
Con
Con
10S
Hi 117
100 b Oct '02
120 b Mar'04
105 Oct '02
93
128
100
110
J'ne'03
101
latest bid
43
J'ne 3
45
Jan 30
18%May25 21b Jan 23
bMaylS +-3bJ'nel7
l%Mayl3 5bJan26
Feb 8
Jan 6
Jan 11
62b Jan 14
33 34 Feb 26
7 34
10
30
8 34 J'nelO
13 b Feb 8
38 b Feb 6
78 J'nel7
39 b May 6
2% Mar 3 4%8 Jan 25
66% Mar 12 61b Jan 27
37%Mayl7 43 Jan 22
6
8
May26 6 9 i 9 Janl3
Jan 6 1 15b Jan 21
19bMarl4 a»i 18 J'iiel3
Mar 1 40 34 J'nel3
38
28
Marl4 33bJ'nel6
45% Jan 2 50bJ'ne 8
81 May 16 89% Jan 22
100
Phil Eleo gold trust ctfs.
Trust certifs 4s
110b
93% 97
Bange
for Previous
Year (1903 )
Ask
68 b Dec 72 b Jan
84 b Oct 118 Jan
99 b
64 b
28% Jan
Jan
14% Jan
10 34 Dec
20
8
Oct
Oct
45
62 b Jan
Nov 26 34 Jan
bNov 9%«Jan
%Dec 40% Jan
7h 6 Oct 10 b Jan
10 Dec 11 Deo
19 Nov 36 J'ly
64 Aug 79% Feb
34 bNov 45% Jan
4 Jan
lb Sep
55% Nov 78 34 Jan
35 Oct 47% Feb
5
Aug 9 Jan
7% Dec 17% Jan
18% Nov 34iii 8 Jan
40 34 Dec
17 b
36
Sep 44"a 6 Feb
Nov 40 b Jan
40% Sep 47% Feb
76 Oct 116bJan
20 Aug 31 Mar
27 34
BALTIMORE
Chas By G & El 6s '99 M-S
Charl C A A ext 6s.'09 J-J
2d 7s
1910 A-O
City & Sub 1st 68.. '22 J-D
City A Sub( Was) 1st 5s'48
117b 118b Col AGrnv 1st 68.1916 J-J
Consol Gas 6s.. .1910 J-D
112 4
1939 J-D
5s
104%
104
Ga A Ala 1st con 5s '45 J-J
GaCar&Nlst5sg'29J-J
123 b
101
Georgia P 1st 6s. .. '22 J-J
109 4
GaSo A Fla 1st 5s 1945 J-J
99
64
116
103 b
123
Highest
Lowest
Bid
Ask
76
116
110
85
112b 113
98
117
100
117%
111b 112
112 112b
105b
108 4 108%
Terminal 6a g 1941 Q-F
P
122%
A B col ti 48 '21.J -J
Col St By 1st con 5a 1932
Rochester By con os 1930
114 114b
ConTraoofN J 1st 5s. '33 105
49
G-B-S Brew 3-4s 1951M-S
49b
E A A 1st M 5s 1920 M-N 111 113 S B E Side 4s interim ctfs
income
M-N
19
2d
5s
1951
Trao
Ind
gen
J-J
19%
5s'19.
99
Elec A Peo Tr stk tr ctfs
97b
99b U
'97
115
Knoxv
Trac
1st
'28A-0
103
Trao
Pit
gen
5s
1014
'10.
5s
J-J
1134
U
1st
J-J
109%
Elm A Wil
6s
Welabach s f 5s 1930. J-D
65b LakeB El 1st gu5s'42M-S 116
Eq II Gas-L 1st g 5s 1928
MetSt(Wash)18t5a'25FA 117
H A B Top con 5s '25 A-O 106
BALTIMORE
3
Mt Ver Cot Duck 1st 5a. 58
59
Indianapolis By 4s. 1933
81b 81 4
Inactive Stocks
Incomes
12
14
Interstate Bys—
Atlanta A Charlotte 100 1574 164
1st
M-N
100
Npt
N
AO
P
6s'38
F-A
60
63
3-3 b-4s 1943
Atlan Coast Line BB 100 108b 108»4
General 5s.. ..1911 M-S
90
Lehigh Nav 4bs '14. Q-J 107b
Atlan Coast L (Conn) 100 221
Norfolk St 1st 5s '44.. J J 106
BBs 4s g
1914. Q-F 102
Canton
Co
100
88
North Cent4bs 1925 A-O 111
Gen M 44s g. 1924. Q-F 107 34
Georgia Sou A Fla...l00
45
J-J 102 34 102%
6s 1904
Leh V C 1st 5s g '33.. J-J 110%
1st pref
100
92 b 95 b
Series A 5s 1926. ...J-J 119
Leh V ext 4s 1st 1948. J-D 110
pref
2d
100
65
Series B 5s 1926.. ..J-J 119
M-S 117 34 120
2d 7s 1910
G-B-S Brewing
100
5
4
Pitt Uii Trac 5s 1997.J-J 113 b
J-D 120%
Consol 6s 1923
Mt Vernon Cot Duck
1 34
1%
Poto Val 1st 6a 1941. -J-J 116 118
J-D 140
Annuity 6s
Unit Eleo L A P pref.60
27 4 30
SeoAvT(Pitts) 5s'34 J-D 114
Leh V Trac 1st 4s '29. J-D
Sav Fla A West 5s '34 A-O 112
Bonds
Nat Asphalt 5s recta..
68 34 69%
Anacostia A Pot 5s
SeaboardA L4s 1950 A-O
97
99
New Con Gas 5s 1948 J-D
AtlAChlst7.. .1907 J-J 109 109% Seab A Roan os 1926. J-J 108b 108%
Newark Pass con os 1930 114
NY Ph A No 1st 4s '39 J-J 102 103 Atlan C L BB4sl952M-S 95b
95b South Bound 1st 5s. .A-O 107 107 b
72b 75
Atl Coast L(Ct)ctfs 5s J-D 112 34 113b UElLAPlst4bs'29M-N
91
Income 4s 1939. ..M-N
Ctfs of indebt 4s
H9
Un By A El 1 st 4s '49 M-S 90% 90%
J-J
92
No Penn 1st 4s '36.. M-N 110
1-D
1949
42
Income
4s
BaltCPasslstSs'llM-N
107
4 42%
106%
M-S
Deben 6s 1905
Bait Fundg 58.1916 M-N 1174 118b Va Mid 1st Os 1906.. M-S 104
Penn gen 6s r 1910. .Var 113
2d series 6s 1911. ..M-S 111%
Exchange 3 bs 1930 J-J 100
Consol 6s o 1905. ..Var 104b
Befunding 34s 1952J-J 108
3d scries 6s 1916. .M-S 112 b
Consol 5s r 1919. ..Var
4th ser 3-4-5s 1921. M-S 109
Balt&PlstOsml'll A-O 114
Penn & Md Steel con 6a. 110 b
5th series os 1926. M-S 111b 112
Bait
Trac
lst5s..
'29
M-N
113
Pa A N Y Can 7s '06.J-D 105
113b
No Bait Div 5s 1942 J-D 1164 118 Va (State) 3s new '32. J-J 94
Con 5s 1939
A-O 113
95
Fund debt 2-3a 1991. J -J
Convertible 5s. '06 M-N 1004 101b
Con 4s 1939
A-O 99 34
West N C con 6a 1914 J-J 116 1174
Cent'l By con5sl932 M-N 116
Penn Steel 1st 5s '17 M-N
112
113%
J-J
WesVaCAPlst6g'll
Ext A Imp 58.1932 M-S 113
People's Tr tr certs 4s '43 1033, 104
Wil A Weld 5s.-1935.JJ 117 118
P Co IstA col tr 5s'49 M-S
109b Chas City By 1st 5s '23 J-J 104
W
.
.
50
Bailways General
57%
Che A D Can 1st 5s '16 J-J
Choc A M e 1 st 6s 1 949 J-J 110
Ch Ok A G gen 5s '19 J-J 107 34 1084
Schuyl H..50
50
Susquen Iron
75 b
89
96
128
97
Week
Shares
637
43% 43% *43b 44 American Bailways.... 50
740
60
18% 18% 13% 19 Cambria Steel
*3b 3b Consol Lake Superior.. 100 1,000
100
Do pref
8%
8b 8b Electric Co of America 10 1,186
6
8»i«
*10
12 Gen Aaphalt interim ctfs.
*29
30
Do pref interim otfs.
76% 76b 77 b 78 Lenigh Coal A Nav .... 50 1,694
•38
780
50
38
38
384 Lehigh Valley
810
3
100
3% e MarsdenCo
67b67i3 le Pennsylvania BB
57%57i3i«
50 4,142
*38% 38 34
38b 384 Philadelp'a Co (Pittsb) 50 1,631
'6
6
6% 6 Philadelphia Electric. 25 3,487
6b
3
809
*12b 12 4 *llb 12b Phlla Bapld Transit ... 50
50 39,693
23b 23% e 233i 9 23"i 6 Beading
49
50
Do let pref
40% 8 40% 6 *40b 40%
35
*32% 33 4 *32% 33b
Do 2d pref
50
50 1,602
60 b Union Tracton
50% 60b 60
366
60
82% 82% *82% 83b United Gas Impt
Bethle Steel 6s 1998. Q-F
Nesquehoning
Phil German A
Phila Traction
57 b
38 b
6
Al Val
Harrison Bros pref ...100
Indianapolis St
100
Inter Sm Pow A Chem.50
Keystone Telephone ..50
Preferred
50
KeystoneWatchCase.lOO
N Haven Iron A
'38
60
60
82 b 83
7%
Bell Telephone
50
Cambria Iron
50
Central Coal A Coke. 100
Preferred
100
Consol Trao Pitts
50
Preferred
60
Danville Besaemer...lb
Diamond State Steel...
Preferred
Easton Con Electric... 60
Elec Storage Batt....l00
Preferred
100
Germantown Pass
60
Minehill
8b
8b
75
38 b 38%
23% 24% 8
40b 40 34
32% 32%
19 23i5 16
76
67 b 67 »e
6
12 34
•12
12b
8%
3
67b 67%
38% 38%
40b 40b
»32b 32%
60
18*4
74% 76b
38% 39
«7% 6 67™
38% 38b
M
83i3
18%
43b
18% 18%
Low
Jan '04
Apr'04
Apr'04
106b Mar'03
101% May'04
101%.
101%.
J-J
J-J
1
102
118
60
75
104
94
102
102
103
102
F-A
A-O
A-O
A-O
A-O
Sales
of tfie
*70
100
71% 714 *71
72
72 Consolidated Gas
79 b Northern Central
50
78b 734 *76b 79b •79
3
100
7%
7% 7 4 Seaboard Air Line
*15% 16
Do pref
100
16% 16%
•6% 6
5% 6% •6% 6 United By A Electric. 50
*43
.NO
May'04
Fhilndelphia
43% 43b
18% 18%
43% 43b
43 b
•43
.since
13 Mar'04
6% May'04
J'ly
;
Jiangs
5-v:c January
3
101b J'ne'04
120b Apr'04
Baltimore
*70
70
70
*75
70b
"=-.
Last Sale
107
.
101b
J-J
No price Friday
(For Bonds and Inactive
Friday
June 17
107
A-O
A-O
A-O
F-A
J-D
F-A
Bepub VaUey 1st s f 6s. ..1919 J-J
Butland 1st con gen 4bs.l941 J-J
Butland-Canadlan 1st 4sl949 J-J
Savannah Elec 1 st cons 5s. 1 952 J-J
91
1930 F-A 103
Seattle Elec 1st g 5s
Torrington 1st g 6a
1918 M-S
Union Pao BB A 1 gr g 4s. 1947 J-J
1911 M-N
1st lienaonv 4a
United Fruit conv gen 5s. 1911 M-S 107
U S Steel Corp 10-60 yr 5a. 1963 M-N
West End Street By 4s
1916 F-A
1914 M-S
Gold4bs
Gold debenture 4s
1916 M-N
Gold 4s
1917 F-A
Western Teleph A Tel 5s. 1932 J-J
99
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley let 7s.. 1909 J-J
ACTIVE STOCKS
Thursday
June 16
Week's
Bange or
M-N 119 Sale 119
119
M-S
94 b May'04
94b
M-S
83 J'ne'04
81
83
104 May'04
A-O
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
Saturday
June 11
1906
1907
6s
1908
6s
1915
6s
1905
Eng 1st 7s
1906
1st 6s
gold
1924
Old Colony
4s
Oreg By A Nav con g 4s. .1946
1922
Oreg SU Line 1st g 6s
Price
Thursday
June 16
Bid
Ask Low
High
J-J
96 Jan '04
'954 95%
A-O
95
96b
A-O 127 b
128 Jan '04
A-O
100 Mar'04
J-D 109 109»4 109 4 May'04
J-J
Ist7s...l905 J-J
New Eng Teleph 6s
100
100
106 b Dec '02
98 b Mar'04
91%
91 34
123%
M
LBAFtSmldgr
117 b Feb '03
125
1910
deben 5s
Non-convert deben 5s. ..1913
la Falls A Sioux C 1st 7s. .1917
Kan C Clin A Spr 1st 5s. ..1925
Kan C Ft S A Gulf 1st 7s.. 1908
1928
6s
Kan C Ft Scott A
1934
Kan C M A B gen 4s
1934
Assented income 5s
Kan C A By * Br 1st 5sl929
Kan C St Jo AC B 1st 7s.. 1907
Illinois Steel
Maine Cent cons 1st 7s.. .1912
1912
112 113
Cons 1st 4s
101 102
Mara Hough A Ont 1st 6s. 1925
99
9&b Mexican Central cons 4s.. 1911
Jan 1939
lstconsinc3s
Jan 1939
128 128
2d cons inc 3s
Mich Telep cons 5s tr rec.1929
78
81
Miune Gen Elec con g 5s 1929
New Eng Cot Yarn 5s 1929
99bl00
101 Apr'04
99 b Apr '04
100 J'ne'01
128 Feb'04
80
100
107
92
110
117
112bApr'04
80
87
110
'02
101 Mar'03
112b Jan '03
,
.
January 1
101b 26
92
MS
Boston Elect Light 1st 6s. 1908
1924 M-S
Consol 6s
1907 J-D
Lowell 4s
Boston
1944 J-J
Boston A Maine 4 bs
1905 F-A
Improvement 4s
Boat A Mon 3d issue 7s... 1904 M-N
Boston Terminal Iat3bs.l947 F-A
1918 J-J
Bur A Mo Riv ex 6s
1918 J-J
Non-exempt 6s
1910 J-J
8inking fund 4s
1917 A-O
Boston
1st
6s
Butte A
Cedar Bap A Mo B 1st 7s. 1916 M-N
1909 J-D
2d 7s
Cent Vermt 1st g4a..Mayl920
Chic Burl A Q extend 48.1905 ?:J
1919 A-O
Iowa Div 1st 5s
1919 A-O
Iowa Div 1st 4s
1913 M-N
Debenture 5s
1922 F-A
Denver Exten 4s
1927 M-N
Nebraska Exten 4s
1921 M-S
B A 8 Waf 4a
1949 J-J
Illinois Div 3bs
Joint bonds See Gt Northern
Chic Je By* Stk Yds 5s. 1915 J-J
w Coll trust refunding g4sl940 A-O
ChMU A StPDubD 6s.. 1920 J-J
Ch M A St P Wis V div 681920 J-J
Chic A No Mich 1st gn 58.1931 M-N
Mich gen 5s. ...1921 J-D
Chic &
Concord A Mont cons 4s. .1920 J-D
Conn A Pass B 1st g 4s. ..1943 A-O
Current Blver 1st 5s
1927 A-O
1st 4s... 1946 A-O
Det Gr Bap A
Dominion Coal 1st 6s
1913 M-S
1906 M-S
Eastern 1st gold 6s
Fitohburg4a
1915 M-S
1927 M-S
4s
Frenit Elk A Mo V 1st 6s. . 1933 A-O
Unstamped 1st 6s
1933 A-O
fit Nor C B <&Q coll tr 4a 1921 J-J
Be2istered4s
1921 Q-J
aj*
U34Feb'03
1st 7a. .1908
AtchTopASFegeng4s..l995 A-O 101
J'ly 1995 Nov
91
Adjustment g 4s
Since
High Mo Low High
10 97% 984
98
92 Hi 29 88b 94
Ask Low
Bid
98
BONDS
boston stock exch'ge
week Ending Junk 17
§1
Bange
WeelCs
Price
boston stock exch'ge
week ending June 17
s*
2433
no sales on this day.
||
Lowest
is
ex-divUlend.
U Ex-rights,
f
$15
paid,
t
Reorganization oertilioates $3 assessment paid.
9
1
1
.
.
. ..
....
.
..
THE CHRONICLE.
2434
[Vol. lx^viii.
and Railroad Intelligence,
RAILROAD GROSS EARNINGS.
luxrtstraetti
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July I to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest dross Earnings
ROADS
II
or
Current
Year
tek
Month
Ala Ut Southern IstwkJune
Ala N <) A exa^- I'acilio.
56,029
i
N o »t No East. May
Ala* Vleksb'g May
May
Vioksb Bn &
Allegheny Valley
Anil Arbor
Atch Top & 3 Fo
Atlanta ^ thai
i
April....
.
1
Brldgt
Saoo K.
<fc
Bull Koch& Ittb
Bullalo <VSil8U...
Canadian North..
.
Canadian
Pacllic
Cent'lor Georgia
Cent') oIN.Jersej
Central Facitio..
Cliattau South'n.
Obesap & Ohio...
Ohio & Alton Ry.
Ohio Gt Western.
ChioInd&L'v...
Chic Mil w &Ht
Chic & North
1
WH
ChloBt
&o.
Fivt
Chic Term Tr RR
Clu N O <fc T Pao.
Dec
36.110
Previous
Year
May
vi
arch...
April
April
April....
April
—
60,233
61,117
1,759,071
14.970
5,501,230
177,240
4,865
2,841
151,579
74,963
61,100
1,018,000
154,770
1,939.308
1,460,659
1,907
1,641,959
62,375
Cm Ch &. St L. April
1,637,537 1,633,6
252,945 251,208
Peoria* East'n April
144.508
Colorado AHoiiili IstwkJune 110,60^
CI
Newb &
Latest
to
Lau. April......
2,894,589
April
April
1,894,193
52,647,653
2,700,549 2,405,025
642,293
661,022
1,859*585
57.71:"'.'-
I
it
1,708,659
61,748
37,291
7,103,050
797,405
2,891,300
43,044,641
8,878,3-<9
17.870.76"
13,775,430
105,032
15,941,866
9,626,757
7,672,307
4,947.532
40,932,701
45,118,166
9,791,554
1,439,583
6,311,336
17,255,326
2,535,000
5.356,373
196,037
421,474
61,810
201,707
1,291,195
1,483,620
60,*39
41,129
7,056,147
837.742
2,093,950
40,730,761
8,649,743
15,504,912
12,847,305
114,263
13.684,391
8,485,432
7.217,437
4,711,079
39,909,432
41,505,556
10,212,831
1,602.546
5,676,415
16,545,068
2,392,853
5,730,720
164,900
314,045
75,931
W&
H&E
ii
.
Orots learnings
<
1
(
t
Decrease.
332,146
232,708
24,802
49,91 1. 895
3,333,303
149,750
2,032,217
1,912.133
112.135
27.847
50,951
17.115,964
708,000
17.823,964
9,011.11s
2,431,783
$76,177
297,894
l*revious
«
$
32,669
7,572
25,905
2,213,447
638,528
101,900
27.619
3,209
11,321
53,4*0
150,660
197,690
460,000
3,000
463,000
6.211
114.505
186,170
227,996
19.703
3,484
6,712,479
553,950
280,352
1,956,406
862,602
3,799,831
33,284
16,411
443.266
41,988
7.150
28.380
April..
2,317,081
April..
597,924
April....
Wk May 28 110,000
35,950
4thwkMay
5,114
April
12,349
IstwkJune
46.96
IstwkJune
IstwkJune 129,891
IstwkJune 233,346
IstwkJune 565,000
24,000
IstwkJune
IstwkJune 539,000
9,353
WkJune 4
IstwkJune 123,723
IstwkJune 186.374
IstwkJune 203,258
18,262
May ......
1,901
April
6,369,999
May
534,303
April
231,998
April
1,909,651
April.
898,602
April
3,661,548
May
30.321
February..
16,09:4
April
442.969
April
103682'
April
Dec. 17
April
Year
i
ear
Latest
Datt
Previous
Year
9
309,418
68,147
257,684
17,256,0112
263,888
75.646
244,753
15.158,429
5,998,840
4,857,400
904.842
40.068
519,831
3,062,344
6,759,914
16.307,826
36,749,635
1,135,100
37,884.735
246,457
7,069,510
8.903,202
9,853,724
178,140
33,295
70,881,009
4,911,861
2,094,533
17.2S9.559
7.670,581
43,012,399
345,070
159.815
4,560,290
97,940,297
8,300
10,453.012
10,761,974
5,659,669
19,420,078
1
.
V&N W
W
.
Wn
W
LE
YEARS.
ROADS
Orots Earnings
JMexican Railway
(Mexican Southern
Jan.
Jan.
National KK of Mexico... Jan.
Northern Central
Jan.
t
30,927
45.505.924
3,710.510
125,193
2,207,670
1,981,718
102,529
22,343
51.082
17,076,891
511,000
17.587,89
8,327,285
2,566,394
to
Current
Current
Year
March.
May...
1
.
\Current Year Previous Year
Allegheny Valley
Jan. 1 to Apr. 30
Atlanta & 'hurl Air Lino Mar. I to Mar. 31
Atlantic & Birmingham a !l)ec. 1 to Mar. 3l|
Belletonte Central
Jan. 1 to May 31
Chicago & North West. IT... June 1 to Apr. 30
Chic St P Minn <fe Omaha.. Jan. 1 to Apr. 30
Cumberland Valley
to Ju.ll. 31
Jan.
International &GtNorth'n Jan. 1 to June 7
Lake Erie & Western
Jan. 1 to May 31
Manistee & North Eastern Jan. I to Mar. 31
Manistique
Jan. 1 to May 8
Maryland * Pennsylvania Mar. 1 to Apr. 30
Missouri Paciflo
Jan. 1 to June 7
Central Branch
Jan. 1 to June 7
Total
Jan. 1 to June 7,
{Mexican Vntrul
Jan. 1 to Apr. 30
Mexican International .. Jan. 1 to Apr. 30
Month
Juiy
5,803,055
5,lo9,8O0
1,051,131
JMexloanSouth'i.
49,734
Millen fcSo'w'n.
547.889
Mineral Range..
2.647,604
IMlnneap & St L.
6,447,790
MStPtkBStM.
16,589,144
Mo Kan & Texat39,126,24©
Mo Pao <fe Iron Mi
1,670,000
Central Branch
40,796,248
Total
386,534
Mob Jack & K C
7,235,894
Mobile & Ohio..
9,521,669
Nash Ch & 8t L.
10,753,563
JNat'lRRof Mex
173,859
Nev-Cal-Oregon
25,658
Nevada Central.
71,130,848
N YO&HudRiv
5,439,613
N Y Out & West
2,148,606
N Y Susq & Wesi
18,811,470
Norfolk &West't;
8,353,881
Northern Central
13,359,724
North'n Pacific.
389.649
Nor Shore (Call
172,899
Ohio Rlv& West..
4.788,766
Paoillo Coast Co
10767577 99,283,097
ePenn— EastP&E
Inc. 1.71
8,400
eWestP&E..
231,95'.
214,526 10,833,645
Pere Marquette to 2d wkJune
1,181.973 1,153,273 11,156,674
PhilaBalt&W'sh April
620,620 627,774 6,277,020
Phlla& Erie... April
2,000,061 2,057,130 20,353,936
Pittsb C O & St I. April
46.202
3,874
Raleigh & C Fear May
3,228,417 2,978,185 23,943,103 25,809,78*1
Reading Railway April
4,450,207 2,861,155 28,377,327 17,146,068
April
Coal & Ir Oo
Total Both Cos April..... 7,678,624 5,839,340 57,820.430 12,955,849
159,927 138,102 1,176,756 1.038,648
Rich Fr'ksb & P . April
450.496
435.599
46,135
39,129
Rio Grande Jet.. March
432,923
516,644
9,461
10,20
Rio Grande So.. IstwkJune
3,595,696 3,680,485 35,402.311 34,757,683
Rooklsl'dCo.... March..
93,955 122,207 1,115.968 1,187,148
StJos&Grl.... April...
StL&San Fran. March.... 2,986,257 2,693,261 27,610,107 24,114.054
IstwkJune 139,218 121.047 7,230,818 6,872,703
St L Southwest
227.967 206.011 2,301,537 2.195,130
StLVan&TH. May....
121,847 116,292 1.231,961 1,172,687
SanFran<teNP.. May.
Seaboard Air L.. 4th wk May 328,879 307.287 12,236,463 11,639,258
90,162 1,177,025
373,410
95,968
May
Southern Ind
7,429,707 7,306,979 78,356,777 73.092,485
SoPacilioCoft... April
Central Pacific. January... 1,460,659 1,349,578 13,775,430 12,847,305
Gal Har <fe S A. January... 580,584 593.810 4,221,191 4,014,019
807.199
696,201
99,724
77,226
Gal Hous «te No January...
96,570
106,623
10,300
12,547
GulfWT&P.. January...
161,517 161,821 1,144,280 1,168,165
Louis' a West... January...
Morgan's L <fc T January .. 417,904 473,036 2,990,794 3,013,301
288,262
292,660
30,084
36,645
N Y T & Mex January ..
Oregon & Calif. January... 312,659 283.974 2,576,550 2,344,219
565,161
681,749
70,159
65,523
So Pac Coast.... January...
So Pao RRCo.. January .. 2,619,233 •i.SOS.SO . 19.658,844 17,932,714
3,405,692
SoPaoSS.Llnes January... 453,189
302.477 2*87,550 2,253,290 1,917.719
Tex&NOrl
January.
Southern Railw'j IstwkJune 776,590 754,081 42,377,553 39,779,614
TerreH &Ind... May....
167,577 160.762 1,909,998 1,733,542
544,852
Terre H & Peor.. May..
49,030
575,479
51,361
574,347
705,910
Texas Central ... IstwkJune
7,528
8.211
Texas & Pacihc. IstwkJune 167,942 166,595 11,370,630 10,991,595
144,634
139.500
TexS
14,600
10,900
.. May
Tol <fc Ohio Cent 2d wkJune
73.003
88.200 3,364.640 3,195,087
Tol P&West.... IstwkJune
25.642
25,289 1.224,000 1,154.085
TolStLA
IstwkJune
47,832 3,091,171 2,942,375
64,607
19.269
579,264
465,622
Tor Ham & Butt. IthwkMay
16,189
Un Pac System April
4,159.027 4,092.305 46,110.092 41,645.952
Virginia & So
May
557.355
556,726
46.250
58.321
Wabash
2d wkJune 453,031 373,749 21,869,449 20,157,462
Jersey & Sea'e April
314,714 325,114 3.561,684 3,334.984
Wheel &
2a wkJune
91.379
94,656 4,102,240 4,002.684
153,222
Wm'sport&N.Br. April
12,857
13,692
138,776
Wisconsin Cent.. 2d wkJune 116.000 146,722 6,128,952 6,325,415
154,457
Wrlghtsv <fc T'n. April
151,302
10.657
10,466
Vazoo & Miss. V. May
583,799 625,941 7,305,919 6,763,305
VAttlOIJS FISCAL.
ROADS
Week
or
2,553,356
<Jfc
.
ItOADS
Previous
Year
Current
Year
14,243
16,035
43,463
37,014
Cornwall
5,57a
9,625
Cornwall &Leb.. April
202,257
21,305
22,949
Cuuiberl'd Valle\ January...
842,194
149,750 125,193
Denv. & Rio Gr. >
292,700
16,180,434
300,800
15,328,584
IstwkJune
Kio Gr. West s
Det <& Mackinac. April
788.027
91,903
95,382
809,050
Detroit Southern •tthwkMay
29,101
36,818 1,397,678 1,101,086
DulSoSh&Atl.. IstwkJune
50,052
59,895 2,348,316 2,561,916
Erie
April
3,816,263 4.104,223 37,239.499 37,172,294
Evanev At TH. Ithwk Api
47,139 1,485,129 1,445,527
44,936
F'rohild
N'r'e'i; April....
3,205
3,384
30,126
33,711
Farmv & Po.what April....
6,404
62,680
8,945
67,437
Ft
Denv City April....
154,073 169,899 2.168.9W3 2,093,231
Georgia RR
April....
170,900 171,302 2,090,171 1,976,751
Ga South <fc Pla. May
127,087 131,806 1,556,936 1,494.723
GilaValG A, N. January
29,078
30,920
235,533
179,385
Gr Trunk System IstwkJune 670,758 635,497 31,811,422 31,065,315
Gr Tr. West'n. -tthwkMay 143,523 157,173 4,906,781 4,638,010
27,81" 1,137,004 1,097,091
DetUr H&M.. 4thwkMay
34,645
Great Northern.. May
2,832,410 019,395 35,709,911 36,191,134
Montana Oent'l May....... 212.233 191,635 2,131,943 1,940,320
Total system. May
3,044,643 3,211.030 37,941,854 38.131,454
Gulf&ShtpIsland IstwkJune
39,514
39.890 1,721,338 1,595,348
Hooking Valley.. IstwkJune
82,659 150,860 5,324,346 5,546,826
Uous & Tex Cent January
418,280 460,339 3,461,608 3,358,251
W.Texas January
69,903
81,363
519,274
555,001
Hous & Shrevep't January
16,514
19,041
124,142
144,551
Illinois Central.. May
3,759,320 4,043,794 42,771,667 41,098,516
Illinois Southern May
22,439
11,463
228,905
136,069
Indlll & Iowa... April....
128.349 136,886 1,316,191 1,457,179
lnt& GtNortli'ii IstwkJune
81,525
76.780 5,367,422 5,185,310
llnteroc(Mex)... WkMay28 139,200 111,180 5,347,380 4,779,860
Iowa Central
IstwkJune
44,752
30,976 2,218.956 2;200,848
Kanawha & Mich IstwkJune
27.708
28.408 1,532,297 1,147,250
Kan City South'n April
502,483 525,023 5,447,594 5,115,999
LakeErte&Westu May
408,534 441.432 4,673,634 4,442,291
Lehigh Val RR.. April
2,591.755 2.580,751 24,572,106 21,329,258
Lexlng A Ka.it'
April
42,620
49.646
517,008
454,276
Long Island
March
Dec. 6,102
Inc. 305 ,855
Louisiana & Ark. \pril
65.322
43,729
573,802
419,795
Loulav iieu&M L .March
672,340
608,436
Loilisv iV: Nashv IstwkJune
663,500 711,170 34,662,520 33,101,559
Macon & Blrui.. May
8,147
11,096
122,420
133,719
Man' toeckGr.ua April
7,393
10,514
71,901
118,560
Col
Copper Range
Latest Gross Earnings
hate
16,958.049 16,156,934
1,687,2
99,835
138.944
11,3
5.524,831 54.446,216 51,911,472
169.053
6,448
3,057
u>rlL...
161,588
2d wkJune
90,977
April ...
53,800
IstwkJune
926,000
IstwkJune
154,430
IstwkJune
1,832,803
April
1,349,578
J anuary .
2,162
IstwkJune
1,599,332
April....
783,172 802,009
April
IstwkJune 121,468 103,949
96,2
IstwkJune 101,926
3.626,635 3,846,191
April
April
4,038,260 4,501,715
769,103 924,008
Apiil
47,957
40,710
4thwkMay
IstwkJune 116,478 114,110
May
1
Manis & No Eas:
Manistique
2,106.530
194.369 2.236,689
Maryl'd & Penu..
87,767 1,194,405 1,0)3,616 t Mexican Cent'l.t
10H.5b2 1,828,626 1,179.546 j Mexican I item.
i if. 302,106
38,420
t Mexican Ry
52,996
37,291
2d wkJune
5,619,278 5,489,110
April ...
332,146 297,894
March...
-
Atl Knoxv ,t No
Atlantic & Blr. a
Ail Coast Line../
Bait <« Ann S L..
Bait A Oliio
Bangor & Aroost
Bellefonte Cout'
182,115
91,102
97,20a
July
North Shore
ePennsy., East of P
&
.
Terre Haute
Terre Haute
Texas
&
<&
Indianap
& Peoria
<&
..
lto June 14
1 to Apr. 30
1 to Apr. 30
1 to Apr. 30
1 to
1 to
Nov, 1 to
Nov. 1 to
Mar. 31
May 31
May 31
May 31
Jan. 1 to June 7
Seashore... Jan. 1 to Apr. 30
Pacitio
West Jersey
to May 2 8
to May 3 1
to June
to Apr. 30
Mar. lto Feb. 29
lto Apr. 30
1 to Apr. 30
&
E... Jan.
eWestof
Jan.
Pere Marquette
to Jan.
Phila Baltimore & Wash.. Jan.
Philadelphia
Erie
Jan.
Pitts Cin Chic & St Louis. Jan.
Rio Grande J unction
Dec.
St L Vandalia & Terre II
Nov.
P&E
1
1
1
1
Current Year \Irevtous Year
$2,521,500
523,788
5,156,926
3,083,827
632,652
36,811.979
Decrease.
4,784,427
4.130 736
2,103,837
7.634.959
173,805
1,426,707
1,155,785
349,276
4,862,455
1,025,978
$2,297,000
431,507
4,877,796
3,306,327
538,435
38,702,879
261,400
4,792,11)9
4,216.536
2.254,896
7,699,736
170,965
1.390,898
1,094,483
339.730
4.973,365
1,018,878
t Besulta
on Monterey A Mexican Gulf are Included for both periods.
currenoy.
trans-Missouri lines
1 Mexioan
fl Inoludes
since Feb. 16. 1903.
b Inoludes the Hous <fc Tex. Cent, aud its subsld. lines In both years and' for both periods,
e Covers lines directly oper8'c (/Inoludes
Chicago
the
Eastern
Illinois
A
in
both
years.
t Including 8av. Flor.
West, and also Florida Southern and Sanford
u
D „
Petersburg
Rys. in both years.
& St.
w Includes Lake Erie & Det Riv. Ry. from Jan. 1 both vears.
a These flgure3 are for the consolidated oompany, inoluding Tifton Thosv.
Gulf and Tlfton A Northeastern.
i
&
&
. ....
.
June
THE CHRONICLE.
18, 1904.]
Latest gross Earnings by Weeks.— In the table which
follows we sum up separately the earnings for the first
The table oovers 44 roads and shows
week of Jane.
3*11
per oent inorease in the aggregate ever the
same week
last year.
1*/
1904
week of June.
1
Qt. Southern
Alabama
Buffalo Rooh.
* PlttBb'e
Canadian Northern
Canadian Paoinc...
....
Chattanoosra southern.
A
A
Colorado A Southern
D«nver A Bto Grande *
Dulnth Ho. Shore A At.
Loatsv.
Cblo. Ind'plls
Texas Pac.
Oln. N. O.
Kanawha A Michigan...
A
Nashville..
Minn. St. P. A S. Ste. M
Mo. Kansas A Texas
Mo. Paolflo A Iron Mt.
.
. .
Mob. Jackson A K. City H
Mobile A Ohio
Hashv. Chat. A St. Loole.
National KR. of Mexico.
Bio Grande Southern...
St. Lou s Southwestern
.
)
Texas Central. ...........
Texas & Paolflo
......
Toledo* Ohio Central..
Toledo Peoria A West'n.
Toledo St. L. A West
A Lak e Erie.
Wheeling
.
Decrease.
*
9
9
52,996
35,356
161.589
53,800
926.000
154,430
2.162
108.949
96.228
114.110
292,700
59.895
8,100
670,758
635,497
85,261
39,514
82,659
81,525
44,752
27,708
663.500
12.349
46,962
129.891
233, H4fl
565,000
24,000
9,353
123,723
186,374
203,258
225,894
9,461
139,218
776,590
7,528
167,942
53,861
25.612
64,607
420,856
66.6i2
113,000
39,890
150,860
76,780
30,976
28,408
711.170
4,745
13,776
11,321
1,028
. .
Louisville
Increase.
56,029
35,345
187,979
64.100
1,018.000
154,770
1.907
121,468
101.92C
116,478
116.602
300.800
50,052
Grand Trunk of Can... f
Grand Trunk West >
DetGd Hav. A Milw. >
Booking Valley.........
International A Gt.No..
1903.
8,033
11
23,610
10,300
92.000
340
255
17,519
5,698
2,36s
144, '.08
27,906
9,843
376
68,201
700
47.670
53.480
150,660
197.690
460,000
3,000
6.211
114.505
186.170
227,996
199,877
10,202
121,047
754,081
8,211
166,595
72,908
25.289
47,832
852,798
96,700
127,599
6,518
20,769
35,656
106,000
21.000
3,142
9,218
204
24,738
26,017
741
18,171
22,509
683
1,347
19,047
353
18,775
68,058
30,078
14,599
7,491,349 7,265,476
521,618
295.745
Net Inorease (311 p. o.)
225,873
* Inoludes Rio Grande Western.
t Includes Lake Erie & Detroit
BIt. RR. in both years. IT Figures are for week ending Jane 4.
For the fourth week of May our final statement covers
and shows 97 per cent decrease in the aggregate
54 roads,
from the same week
last year.
4th week of May.
1904.
9
Increase.
1908.
S
9
Previously rep'd 44rMs 11,212,990 11,377,352
Alabama Gt. Southern..
87.763
84,808
Ala. N. O. A Tex Pao. .—
New Orl. & No. East..
68,115
70,369
36,102
36,767
41,208
46,582
Oln. N. O. A Texas Pao.
237.689
234,964
lnterooeanio (Mex.) ....
Ulll.180
1T 139 200
U110.000 1T101,900
85,950
27,619
Mob. Jackson A K. City.
116,767
H 8.150
Toronto Ham. a Buffalo.
19,269
16,189
379,780
2,960
11,996.436 12,114,492
434,379
(
Ret decrease
IT
(0
97
9
544,142
2,254
665
5,374
2,725
28,020
8,100
8,331
1,383
3,080
p. c).
Week ending May
Decrease.
- -
-•
--•
552,435
118,056
28.
Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
inoludes every road from which we can get ^returns of this
character, and in that form is given once a month. Early
returns 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.
—
— Gross Earnings. —
,
Roads.
-
Current
Previous
Year.
Year.
$
$
,
,
Net Earnings.
Previous
Current
Year.
Year
$
.
$
Alabama Great Southern—See under Southern By. System below.
Allegheny Valley... Apr.
Deo. 105,566
Deo. 88,420
Jan. 1 to Apr. 30....
Deo. 233,621
Deo. 76,177
Ann Arbor, b
66,161
Apr.
159,487
46,670
192.963
July 1 to Apr. 30.... 1,628,550 1,687,404
580,580
498,083
AtCh,T.AS. Fe.b..Apr. 5,619,278 5,489,110 t2,142.937 12,196,991
July lto Apr. 30.... 57,715,249 52,647,653 122563069 t20696214
Atl'ta&Char.A.L-aMar.
332,146
297,894
July 1 to Mar. 81.... 3,706,549 2,405,025
Atl. Knox. A No.a Mar.
68,923
63,083
July 1 to Mar. 81....
544,238
520,468
•Atlatitlo A B.Jiy.a.Mar.
61,147
Deo. 1 to Mar. 31....
282,708
uAtlant.CoaBt L.R.Apr. 1,759,071 1,687,276
July lto Apr. 30.. ..16,958,049 16,156,934
105,974
967,629
16,807
102,157
16,884
55,551
628,210
6,389,749
106,908
838,e86
12,673
88,786
614,442
5,662,469
Baltimore A Annapolis
4.174
Short Line.a
Apr.
14,970
4,784
11,379
38,596
July 1 to Apr. 80....
188,944
45.738
99,835
Bait. * Ohio Co.b^Apr. 5,501,230 5,524,831 1,631,063 2,027.89
July lto Apr. 30. ...54,446,216 51,911,472 18,100,877 19.259,60
2435
Gross Earnings. —
—Current
Previous
,
Year.
Roads.
Bangor AAroost'kbApr.
177,240
Xet Earnings.
Current
i >eriou«
Year.
Year.
Year.
$
$
$
169.053
1,483,620
69,252
66,395
July 1 to Apr. 30..., 1,708,659
646,603
557,315
Sellefonte Centr'l bMay
4,865
6,448
1,631
1,522
Jan. 1 to May 3i.._,
24.802
30,927
6.159
11.775
Brldgt. A Baco R.b Apr.
2,841
3,057
def.210
63
July 1 to Apr. 30 ...
87,291
41,129
11.682
13,908
Bull. R. A Plttbs.b.Apr.
551,761
624,992
171,594
254,155
July 1 to Apr. 3o..., 6,214,936 6,092,885 2,678,290 2,598,863
tJuflalo A S'sque.a. Apr.
74,963
90,977
24,411
38,591
797,405
July 1 to Apr. 30...
837,742
271.237
374.609
Canadian Northern. Apr.
234,300
198,200
58.100
56,300
July 1 to Apr. 30
2,551,100 1,799,550
843,800
611,210
Canadian Paoltl o.a. Apr. 4.061,505 3,795,394 1,412,533 1,493,173
July 1 to Apr. 30... .37,938,641 35,901,799 11,371,629 13,207,433
Oent. of Georgla.a.Apr.
651,400
673,239
94,510
99,674
July 1 to Apr. 30..., 8,068.421 7,861,498 1,941,519 1,968.319
Cent. of N. Jersey. b.Apr.
1,939,308 1,832,803
906,716
697,170
17,870,765 15,504,912 7,894,401 5,996,058
July 1 to Apr. 30
central Paolflo. b. Jan.
1,460,659 1,349,578
428,331
434,180
July 1 to Jan. 31 . 13,775.430 12,847,305 5,556,998 5,379,556
Jhatt'n'ga South.aApr.
8,403
10,658 (Iff. 2,436
128
July 1 to Apr. 80 ..
92,616
100,750 def.4,849
7,819
Chesap. A Ohio. b. .Apr. 1,641,959 1,599,332
540,312
532,548
July 1 to Apr. SO".. ..15,941,866 18,684,391 5,374,647 4,633,179
Chicago A Alton. a Apr.
783,172
802,009
170,047
213,691
July 1 to Apr. 30... 9,626,757 8,485,432 3,089,115 2,698,196
ihlc.Gt. West'n. b Apr.
629,770
639,622
157.514
196,370
July 1 to Apr. 3o... 7,007,208 6,482,214 1,792,327 1,852,984
Chlo.Ind.ALonls.a Apr.
434,273
449,178
147,040
174,635
July 1 to Apr. 30... 4,401,200 4,190,200 1,586,236 1,624,330
Ohio. M. A St. P. a.. Apr.
3,626,635 3,846,191
892,623
981,238
July 1 to Apr. 30..., 40,932,701 39,909,432 14,652.244 14,i39i631
Chlc.Ter.Transf.b.Feb.
111,351
140,759
18,800
56,367
July 1 to Feb. 29.... 1,066,790 1,156,882
348,675
476,285
Cln. New Orl. A Tex. Pao
See under Southern Ry. System below.
Ol.Oln.Ohlo.ASt.L.aApr. 1,637,637 1,633,624
311,407
801,859
July 1 to Apr. 3u
17,255,326 16.545,068 3,290,080 3,738,982
251.1T08
Peoria* Eas'n. a.. Apr.
252,945
44.521
40,446
July 1 to Apr. 30.... 2,535.000 2,892,853
481,565
536,790
Oolor'do ASouth.b.Apr.
379,820
484,242
d60,041 dU8,609
July 1 to Apr. 30.
4,867,787 5.072,520 dl228,951 dll59,960
Golum.Newb.A L. b.Apr.
14,243
16,035
707
2,377
196,037
164.900
July 1 to Apr. 30 ...
50,098
50.547
43,463
Copper Range a ...Apr.
37,014
13,916
16,203
421,474
314,045
July 1 to Apr. 30 ...
127,934
144,960
Apr.
5,578
9.625
Corn wall. a
1,931
2,833
61,810
75,981
July 1 to Apr. 3o
17,990 def.36,269
21.305
Cornwall A Leban.. Apr.
22,949
10,946
10,914
201,707
202,257
July 1 to Apr. 8o
91,120
86,400
149,750
Cumberland Val.b.Jan.
125,193
6,783
21,860
1,249,515 1,339,895
459.091
452,819
TT Den.ARlo G'de. b.Apr.
July lto Apr. 3o.... 13,727,584 14,485,184 5,216,068 5,689,711
Detroit A Maok'o.a Apr.
91,903
95,382
83,721
34,645
809,050
788,027
July 1 to Apr. So....
266,024
260,388
Dul. So. Sh.A Atl. b.Apr.
186,263
215,191
59,617
72,836
July 1 to Apr. 80.... 2,114,412 2,254,736
648,332
815,200
Erle.a
Apr. 3,816,263 4,104,223 1,237,423 1,530,798
July 1 to Apr. 30.... 37,239,499 37,172,894 9,124,008 12,172,996
FalrohildAN. East. Apr.
3,384
3,205
1,693
1,850
30,126
33,711
July 1 to Apr. 30 ...
8,403
10,687
Farmv.&Powh't'naApr.
8.945
6,404
def 223
330
67,437
62,680 def.3,763
July 1 to Apr. ao....
62
Ft.W.ADen.Clty.bApr.
154,073
169,899
24,148
23,789
July 1 to Apr. 30.... 2,168,998 2,093,231
677,057
471,067
Apr.
170,900
171.302
Georgia RR.a
20,239
20,196
615,316
July 1 to Apr. 30.... 2,090,171 1,976,751
657,002
Georgia South. A Florida— See under Southern Ry. System below.
GllaVal.GlobeAN.aJan.
29.078
80,920
9,749
18,021
235,533
179,385
131,401
July 1 to Jan. 81....
108,825
2,307.694 2,223,990
886,190
Or. Trunk of Can... Apr.
688,128
July 1 to Apr. 30. ...22,680,166 22,369,246 5,951,713 6,535,986
451,611
475,457
Gr. Trunk West... Apr.
94.410
75,431
692,316
532,391
July 1 to Apr. 8o.... 4,464,935 4,168,361
Det.ttr. H. A Mil. Apr.
79,324
86,624
4,867
9,733
July 1 to Apr. 30... 1,086,968 1,007,730
218,190
261,448
145,812
150,773
59,678
Gulf A Ship Isl...a.Apr.
38,963
511.763
July 1 to Apr. 30... 1,588,741 1,414,187
521,781
370,052
622,093
Booking Valley. a. .Apr.
88,911
196,150
July 1 to Apr. ao... 4,852,621 4,788,290 1,583,578 1,668,915
418,280
460,339
Houst.A Tex.Cen.bJan.
86,447
103,117
993,640 1,218,521
July 1 to Jan. 31..., 3,461,608 3,358,251
81,363
def. 767
Houst.E. A W.T.b. .Jan.
69,903
9,071
555,001
16,289
519,274
87,168
July 1 to Jan. 81...,
16,514
6,539
Houst. A Shreve.b. Jan.
19,041
5,265
124,142
144,651
46,772
87,847
July 1 to Jan. 31...,
609,941 1,087,568
OllnolB Central. . . a. Apr. 8,630,378 3,795,984
July 1 to Apr. 307. ..39,012, 347 87,054,722 9,994,160 11,221,051
83.657
128,349
136,886
14,457
(nd. 111. A Iowa.a Apr.
408,994
256,238
July 1 to Apr. 30 ... 1,316,191 1,457,179
r368
r37.676
170,363
183,996
Iowa Central. a.. . Apr.
1,999,860 2,049,216 r271,050 r400,181
July 1 to Apr. 30
34,236
24,157
126,401
130,584
K as a w ha A Ml c h a Apr.
67,365
186,254
990,094
Jaty 1 to Apr. 3o... 1,381,652
159,174
126,151
525,023
502,483
Kan. City South. a.. Apr.
July 1 to Apr. 80... 5,447,594 5,115,999 1,518,219 1,394,429
Lehigh Valley RR.—See detailed statement below.
13,228
21,790
49,646
Lexlng'n AEast.b..Apr.
42,620
188,158
454,276
138,997
July 1 to Apr. 80....
517,008
Deo. 68,710
6,102
Mar.
Deo.
Long Island b
793.038 1.186.247
July 1 to Mar. 31.... 4.954,475 4,648,620
11,271
43,729
24,759
65,322
Louls'na A Araan.a Apr.
120,814
419,795
162.082
573,802
July 1 to Apr. 80....
863,886
809,659
Loulsv. A Nashv. b.Apr. 2,879,281 _ 2.954,620
July 1 to Apr. 30.. ..81, 161,332 29,366,005 10,065,393 9,730.092
861
858
10,514
Manistee A Gr. Rap. Apr.
7,893
118,860 def.17,837 def.2,475
71,901
July 1 to Apr. 30....
15,975
20,576
82,669
41,988
Manistee A No. E. a. Mar.
48,727
52,928
102.588
112,135
Jan. 1 to Mar. 81....
.
.
.
.
—
a
THE CHRONICLE
2436
—Current
Gross Earnings. —
Previous
,
Roads.
Manlstlque.b
May
,
Wet Earnings.
Current
Year.
)i<ir.
Year.
$
$
$
$
May
81....
1,498
4,574
9,421
13,872
676,755
2,361.124
264,421
1,053,928
1,504
17,226
10,095
61,306
.
1,247
def.633
9,313
16,682
669,548
2,227,602
275,316
1,059,593
181
11,498
10,195
76,180
V34.448
V81.437
v920,461 vl,088,045
253,619
176,769
2,756,968 2,986,876
181,321
403,906
3,962,419 4,267,565
1,023,679 1,164,448
2,876,773 3,241,715
20,691
134,242
Delow.
181,758
176,640
2,198,491 2,207,267
421,058
345,498
1,221,816 1,311,128
4,507
7,039
56,914
68,648
851
1,414
4,030
12,108
135,144
132,276
1,205,170 1,211,233
142,112
101,222
867,825
829,732
699,317
796,381
7,046,020 6,864,501
219,154
226,754
382,762
698,762
4.250
5,233
45,482
52,009
Pennsylvania—
Lines dlreotly operated
JEastofPitts.AE.Apr. 10,368,277 10,767,577 3,314,179 3,725,279
JJan. 1 to Apr. 30... 36,811,979 38,702,879 7,799,594 10,110,794
Deo. 178,400
Deo. 167,700
Westof Pitts. AE.Apr.
Deo. 261,400
Deo. 1,191,400
Jan. 1 to Apr. 3o....
OPere Marquette. a. J an.
780,584
AWash.bApr. 1,181,973
Jan. 1 to Apr. 30.... 4,130,786
Phil. Bait.
Phlla.AErie.b
620,620
Jan. 1 to Apr. 30.... 2,103,837
2,000,061
Pitts. O.C.A St. L.aApr.
Apr.
Jan. 1 to Apr. 80.... 7,634,959
Pitts.
96,408
808,108
325,324
1,153,273
4,216,536
699,638
205,196
627,774
2,254,896
406,529
480,486
2,057,130
7,699,736 1,408,360
92,662
359,324
997,838
219,718
580,955
463,110
1,760,452
21,865
1,579
19,832
56.759
Shawmut ANo.b —
Jan. 1 to Mar. 31....
BalelghAO.Fear.a.May
July 1 to
May
31.
201,065
3,874
46,202
168,153
Beading Company—
Phlla.&Bead'g.b.Apr. 3,228,417 2,978,185 1,443,429 1,110,929
July 1 to Apr. 30.... 28,943.103 25,809,781 11,339,845 8,946,246
394,412
293,568
Coal A Iron Co. b. Apr. 4,450,207 2,861,155
July 1 to Apr. 30.. ..28,877,327 17,146,068 2,533,922 1,991,069
Total both Co. 's.bApr. 7,678,624 6,839,340 1,837,841 1,404,497
July 1 to Apr. 80. ...57,820,430 42,955,849 13,873,767 10,937,315
120,459
115,870
Beading Co. b
Apr.
1,179,786 1,144,496
July 1 to Apr. 30
1,958.300 1,520,367
Total all Co.'e.b.. Apr
15,053,552 12,081,811
July 1 to Apr. 30
138,102
66,517
42,340
Rloh. Fred. & Pot. .Apr.
159,927
380,912
307,071
July 1 to Apr. 30.... 1,176,756 1,038,648
46.135
f 11,788
Bio Grande Junot.. Mar.
39,129
f 13,840
170.965
f52.141
f51.289
Deo. 1 to Mar. 81....
173,805
39,441
14,849
17.395
Blo Grande South. bApr.
36,661
162.594
468,948
205,279
July 1 to Apr. 80.
885,631
Book Island Co.a... Mar. 3,595,696 3,680,485
850,636 1,883,281
July 1 to Mar. 31... .35,462,311 34,767.688 10,206,142 13,068,319
122,807
10,032
22,132
Bt. Jos. A Gd. iBl.b.Apr.
98,955
July 1 to Apr. 30.... 1,115,968 1,187,148
194,198
431,323
St. L.
A
A
Ban
Fr. (lnolud.
E. Ill.)a..Mar. 2,986,257 2,693,261
827,518
947,863
July 1 to Mar. 31.... 87,610,407 24,114,054 9,080,008 8,516,456
St.Louls8' west. b.. Apr.
519,111
613,836
205,351
66,091
July 1 to Apr. 30.... 6,533,139 6,216,998 1,977,866 1,762,318
99,709
94,437
3,123
4,012
SanFr.A N.Pao.a.Apr.
207,227
862.796
July 1 to Apr. SO.... 1,110,114 1,056,895
Seaboard Air Line a Apr. 1,188,458 1,110,056
212,412
268,230
July 1 to Apr. 80. ...11,117,474 10,579.589 2,736,030 2,818,673
110,867
Southern Indlana.bMar.
92,485
41,651
54,626
980,863
692,999
July 1 to Mar. 31....
427,541
859,219
ISouth. Pao. Co. a.. Apr. 7,429,707 7,306,979 1,784,441 1,641,077
Jul? 1 to Apr. 30.. ..78,356,777 78,092,485 23,410,591 20,981,009
428,331
Central Pacific, b. Jan. 1,460,659 1,849,678
434,130
July 1 to Jan. 81. ...13,775,430 12,847,805 5,556,998 6,379,556
Ohio.
580,684
593,810
July 1 to Jan. 31.... 4,221,191 4,014,019
99.724
77,226
Gal.Hous.&No.b.Jan.
696,201
807,199
July 1 to Jan. 81....
10,300
12,547
Gulf W.T.& Pao. bJan.
106,623
96,670
July 1 to Jan. 31....
161,821
161,517
Louisiana West. b. Jan.
July 1 to Jan. 31.... 1,144,280 1,168,165
478,036
417.904
MVn'sLa.ATex.bJan.
July 1 to Jan. 81.... 2,990,794 8,018,301
30,084
86,645
N. Y. Tex. A M.b. Jan.
288,862
292,660
July 1 to Jan. 81....
288,974
812,659
Oregon A Calif. b. Jan.
July 1 to Jan. 31.... 8,576,550 2,344,219
Gal.Har.AB'nA.bJan.
113.422
611,811
3,277
239,805
def.3,792
2,840
73,030
408,273
145,657
1,160,576
447
74,821
62,448
913,899
114,426
771,892
35,102
242,024
def 1,530
7,698
69,166
612,932
241,788
1,430,541
10,363
124,230
58,672
651,434
.
[Vol. lxxviii.
,
Prerious
Tear.
7,572
7,150
22,343
27,847
Maryland & Penn.. Apr.
25,905
28,380
Mar. 1 to Apr. 30....
51,082
50,951
c Mexican Cent. e.. Apr. 2,347,081 2,813,447
Jan. 1 to Apr. 30.... 9,044,418 8,387,285
cMex. Internat*l...Apr.
638.528
597,924
Jan. 1 to Apr. 80.... 2,431,788 2,566.394
3,209
Mlllen&Southw.a.Apr.
5.114
40,068
July 1 to Api. 30 ...
49.734
Mineral Range. b... Apr.
45,643
48,363
458,650
482.199
July 1 to Apr. 30....
Minn. A St. Louis. a. Apr.
234,100
196.287
July 1 to Apr. 30.... 2,412,661 2,780,921
M. Bt.P.AS.S.M.b.Apr.
576,910
474,766
July 1 to Apr. 30.... 5,852,441 6.028,923
Mo.Kan.ATexas.a.Apr. 1.107,857 1,411,425
July 1 to Apr. 8O....15,023,950 14,714,851
Mo. Pac. System. b.. Mar. 3,646,178 8,511,808
Jan. 1 to Mar. 31. ...10,700,964 10,195,890
Mob. Jacks. &K.O. Mar.
89,950
312,159
July 1 to Mar. 81....
Mobile & Ohio— See under Southern By. System
825,012
815,209
Nash. Ch.A8t.L.b..Apr.
July 1 to Apr. 80.... 8,490,044 7,879,563
cNat'lBB.ofMex..Apr. 1,018,131 1,044,988
Jan. 1 to Apr. 30.... 3,965,627 8,685,459
Nev.-Cal.-Oregon.a.Apr.
14,696
15,740
July 1 to Apr. 30....
155,597
168,437
Nevada Central.. ..Apr.
1,901
3,484
July 1 to Apr. 30....
25,658
33,295
553,950
N. Y. Ont. A West.aApr.
534,303
July 1 to Apr. 30.... 5,439,618 4,911.861
N.Y.Sns. A West.a Apr.
231,998
280,352
July 1 to Apr. 30.... 2,148,606 2,094,533
Norfolk* Weat'n. a Apr. 1,909,651 1,956,406
July 1 to Apr. 30.. ..18,811,476 17,289,559
Northern Central bApr.
862.602
898,602
Jan. 1 to Apr. 30.... 3,088,827 3,306,327
Ohio River A West. Apr.
16.692
16,414
July 1 to Apr. 30....
172,899
159,815
Jan. 1 to
,
Roads.
—Current
Gross Earnings. —
Previous
Tear
Year.
$
$
=.
Net
Earnings.—.
Current
Previous
Tear.
Year.
Southern Pao. Co.— (Concluded.)
So. Pae. Coast.. b. Jan.
65,523
254
70,159
July 1 to Jan. 31...
665,161
681,749
135,580
pSo.Pao.RR. Co.bJan. 2,619,233 2,503,802
929,733
July 1 to Jan. 31... 19,658,844 17,932,714 8,236,623
So. Pao. SB. Llnes.b Jan.
458,189
74,772
July 1 to Jan. 31
800,758
3,405,692
Texas A N. Orl.b. Jan.
302,477
287,550
70,526
July 1 to Jan. 3i
524,114
2,253,290 1,917,719
Southern Railway Syst.—
Southern Ball w. a Apr. 8,521.793 3,548,365
631,324
July 1 to Apr. 30
38,090,097 35,576,757 10,525,274
Mobile & Ohio. ..Apr.
725.086
108,686
564,748
July 1 to Apr. 30... 6,460,455 6,432,000 2,035,164
567.803
Cln.N.O.&T.P.a.Apr.
554,083
135.759
July 1 to Apr. 30
5,584,347 4,951,982 1,308,254
Ala. Gt. South. a.. Apr.
239,954
248.162
33.074
July 1 to Apr. 30
2,584,084 2,249,869
539,149
Ga. 8outk.AFla.aApr.
131,942
139,699
32,885
July 1 to Apr. 30
869,348
1,429,849 1,362,917
Texas Central. a
46,221
46,165
3.951
Apr.
July lto Apr. 80 ...
658,366
528,682
179,468
Toledo A O. Oent.a.Apr.
291,223
220,022
15,183
July 1 to Apr. 30
2,987,923 2,696,929
614,220
Tol.Peorla A West.bMay
103.795
100,096
21,753
253,500
July 1 to May 31.... 1,198.358 1,128,796
Tol. St. L. & West.. Apr.
286,169
246,761
82,651
gUnlon Pao. Syst. a. Apr. 4,159,027 4,092,805 1,785,774
46,110,092 41,645,952 20,987,849
July 1 to Apr. 30
Vlrstfnia A So'thw.bMay
46,250
58,321
17,190
July 1 to May 31
557,355
556,726
178.486
Wabash. b
Apr. 1,794,759 1,760,961
379,978
19,106,458 17,502,243 4,344,163
July 1 to Apr. 30
W.Jersey A Beash.bApr.
314,714
325,114
41,954
Jan. lto Apr. 30.... 1,025,978 1,018,878
54,260
Wheel. AL. Erie. b. Apr.
368,041
350,132
82.022
3,654,434 3,432,772
July 1 to Apr. 30
954,251
W'msp'rt A No.Br.aApr.
12,357
13,692
879
153,222
July 1 to Apr. 80
138,776
22,123
Wisconsin Centr'l.bApr.
531,360
559,480
179,658
5,402,652 5,456,283 1,699.758
July 1 to Apr. 30
xlO.657
Xl0,466
Wrlghtsv. A Tenn.bApr.
1,495
X151.302 X164.457
43,222
July 1 to Apr. 30
550,377
563,302
Yazoo A Miss. Val. a. Apr.
3,084
July 1 to Apr. 30.... 6,722,120 6,137,364 1,663,060
def. 39, 665
df.285,505
722,916
6,924,537
51,933
823,535
826,090
9,699,196
210,145
2,187,195
141,550
1,236,854
63,414
567,479
28,614
350,867
14,886
145,261
58,947
534,578
20,581
258,297
68,088
1,705,843
18,742.737
19,449
218,985
401,825
4,787,847
74,554
112,660
86,042
819,531
def.286
40,797
819,577
1,998,729
939
61,430
88,402
1,494,742
a Net earnings here given are after deducting taxes.
b Net earnings hereglven are before deducting taxejB.
c These figures are in Mexloan currency, and are convertible into
gold at the current rate of exohange.
dNet. after deducting taxes Is $41,164 and $100,552 for 1904
and 1903 respectively for April, and from July 1 to April 30 net is
$1,018,347 this year against $979,383 previous year.
e Inoludes results on Monterey A Mexloan Gulf and Cuernavaoa A
Paciflo, Rio Verde Branch, etc.
t Thirty per cent of gross earnings.
g Length of road was reduced In July, 1903, by 562 miles on account
of sale of part of the Oregon Short Line system and figures for previous
year have been revised to oonform to the new basis.
i Houston A Texas Central and Its subsidiary lines are inoluded
both for the month and for the period from July 1.
j These figures Include results on the Buffalo A Allegheny Valley
Division in both years.
p Includes results on former Southern Pacific of Arizona, Southern
Paelflo of California and Southern Pacific of New Mexloo.
r For April additional Income is $1,088 this year, against $7,261
last year. From July 1 to April 30 additional income this year Is
$34,789 against $71,471 last year.
a These figures are for the consolidated company, including the
Tlf ton Thomasvllle A Gulf and Tlfton A Northeastern.
u Inoludlng earnings of Savannah Florida A Western in both years
and also Florida Southern and Sanf ord A St. Petersburg By. In both
years.
t For April
additional lnoome is $6,502 this year, against $12,370
July 1 to April 30 additional lnoome Is $105,239
From
last year.
this year, against
$135,731 last year.
x Inoludes $382 " other lnoome" for
April this year, against $490
last year. From July 1 to April 30, other lnoome inoluded, amounts
against
this
year,
previous
$4,575
year.
to $5,099
1904, taxes aud rentals amounted to $209,344,
t For April,
against $186,311, after deduotlng which net for April, 1904, was
From July 1 to April 30, 1904,
$1,983,593, against $2,010,680.
taxes and rentals amounted to $1,955,969 this year, agst. $1,796,763
last year, after deduotlng whlob, balance Is $20,607,100 this year
against $18,899,451.
Inoludes Lake Erie A Detroit Biver Railway for both periods.
II Inoludes Blo Grande Western for both years.
||
Interest Charges and Surplus*— The following roads, in
addition to their gross and net earningi given in the fore,
going, also report charges for interest, &o. with the surplus
above or deflolt below those charges,
,
,
Roads.
Apr.
Ann Arbor
Allan tic A Blrm
Mar.
Dec 1 to Mar. 31...
Int.,
Rentals,
etc.
—
.
Previous
Current
Previous
Year.
Tear.
Year.
Year.
$
$
$
$
80,996
9,167
35.042
45,213
467,437
26,833
A Aroost'k.Apr.
43,894
July 1 to Apr. 3o...
427,401
Bellefonte Central. May
805
433
1,525
Jan. 1 to May 81...
2,166
Buffalo AS'squeh..Apr.
15,570
12,255
126,249
July 1 to Apr. 30...
123,340
Oent. of N. Jersey.. Apr
1T583,860 11518,787
July lto Apr. 80.... 115,210,742 14,660,351
Bangor
-Pal. of Net Earn'gs.-*
Current
*16,7S8
39,328
7,667
20,509
22,500
24,039
129,914
179,171
1,089
1,326
9.610
4,634
*32,672
*23,662
*329,881
'281,093
178,443
322,856
2,683,659 1,335,707
.
June
—
.
Roads.
—
Int.,
Rentals,
Ourrent
Tear.
Tear.
Tear.
l'reriou*
Tear,
$
$
$
$
.
. .
.
.
Miscellaneous Companies.
— Gross Earnings. —
224,638
71,958
77,226
2,368,608
911,267 1,370,379
33.688
10,833
6,758
336,883
144,682
199,907
5,875
5,479
10,328
58,750
y51,247
86,210
3,967
6,771
6.947
39,461
50,004
46,939
325,493
tl26,048
tl36,427
3,278,301 t2,084,969 t2,580,249
88,642 *df.28,078 *def.8,686
883.417 *df.228,984 *df.55,264
a50,000 •df.30.268 *df.29,804
H508.277
•167.377
*236.808
"18,909
18,338
»41,901
*330,071
156,786
*357,073
*1 23,518
83,076
*16,268
842,093 *1,122,567 < 1,259,246
17,833 def.8,376
15,824
178,333
77,905
230,661
•4,147
18,557
*6,308
161,692 •di.13,274 *df.88,533
•16.092
7,138
*6,245
54,296
*80,110
*79,910
6,050
14,167
9,925
18,151
33.700
25,576
2,875
6,546
6,488
5,750
8,122
10,932
•747
9,697
*728
97,467 •df.42,852 *df.l8,116
316,546 df.212,394
87.360
3,124,620
635,942 1,132,945
4,957
150,698
22,286
31,060
1,508,965
697.034
698,302
2,191
2,345
4,848
20,081
35,114
48,567
g64,364
74,784
67,912
g628,255
630,952
582,978
216,224
463,537
580,107
2,133,088 4,768,612 4,731,413
Companies.
Buffalo
Oct
GaB Co
1 to
Consolidated
Tear.
Tear.
Tear.
$
$
$
85,167 *df.64,664
3i'
Jan. 1 to Apr. 30
Cumberland Telephone A
Telegraph Co
Mar.
105,462
14,441
64,398
9,023
40,336
8,240
36,528
4,168
18,976
2,314
8,459
Apr.
Jan. 1 to Apr. 30....
Lowell Eleotrlo Light
22,878
109,205
22,405
106,545
6,427
30.752
9,856
41,079
Corporation
Apr.
July 1 to Apr. 30
Mexloan Tel'phone.Mar.
18,368
197,746
83,585
19,112
193,738
23,160
6,378
79,150
10,316
57,255
292.687
7,712
63,282
11,753
49,161
282,276
Apr.
47,467
42,716
July 1 to Apr. 30....
504,853
448,975
Pacific Coast Co.. a Apr.
442,969
443,266
July 1 to Apr. 30.... 4,788,766 4,560,290
20,684
234,723
93,548
904,896
17,303
193,845
101,228
904,064
River Gas
Works
Mllwauk. Gas L. Co. May
Jan. 1 to May 31
Minneapolis Gen. Eleotrlo Co....
Pocahontas Collieries
Company
—
Apr.
Jan. 1 to Apr. 30
21,037
95,719
a Net earnings here given are after deduoting taxes.
b Net earnings here given are before deduoting taxes.
Interest Charges and Snrplns.
/
Companies.
Consolidated Gas Company (Baltimore)—
895,721 1,070,300
888,000
624.646
8,880,000 8,957,211 6,173,552 3,124,600
7,708
7,708
4,030
Rio Grande Junot...Mar.
6,132
30,833
30,833
Deo. 1 to Mar. 31....
21,308
20,456
17,833
15.038 *def.3,334
•2.529
Rio Grande South . Apr.
180,408
188,076 'df. 11,439
•65,134
July 1 to Apr. 80
18,514
18,825 def,8.482
Bt. Jos. A Gr. Isl'd..Apr.
3,807
193,862
189,613
336
July 1 to Apr. 30....
241,710
22,333
22,675 df.19,210 df.18,663
San Fran. ANo.Pao Apr.
225,583
286,750 df.18,356
July 1 to Apr. 80
36,046
1 Southern Pao.Sys.Apr. §2,442,449 §3,164,464 *df.572,828 •df.1515604
$26692729 581221722 *df 2625141 *df.9«33462
July 1 to Apr. 30
2,583
2,583
Apr.
1,368
Texas Central
12,303
25,831
25,771
153,637
119,490
July 1 to Apr. 30...
39,849 *df.l6,710
*19,591
38.813
Coledo A Ohio Cen.. Apr.
"304,730
393,443
402,965
•145,552
July 1 to Apr. 30...
28,213
22,485 def. 1,460 def.1,904
ToL Peo. A West. ..May
254,185
247,810
def.685
10,487
July 1 to May 31...
*23,685
•6.219
59,225
58,396
Tol. St. L. & West.. Apr.
2,730
2,629 def.2,361 def.2.915
Wmsport A No. Br. Apr.
27,745
25,819 def.5,622
14,978
July 1 to Apr. 30...
144,329
146,880
*38,798
•75,877
Wisconsin Central.. Apr.
*281,579
•559,443
July 1 to Apr. 30... 1,459,095 1,466,453
Detroit EdlsoD Co.. Mar.
Jan. 1 to Mar. 31
Edison Eleo. Ilium. Co. of
Brookton, Mass.. Apr.
Jan. 1 to Apr. 30
Fall River Gas WorkB
Co
Apr.
Jan. 1 to Apr. 30
Lowell Eleotrlo Light
Corporation
Apr.
July 1 to Apr. 30....
Minneapolis Gen. EleoApr.
trlo Co
July 1 to Apr. 30
Pocahontas Coll 1 e r i e s
Company
Apr.
Jan. 1 to Apr. 30
.
*
Int.,
Rentals,
etc.
— r-Bal. of Net Earn'gs.—,
*
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
$
$
$
1,070,940
50,483
890.462
50,575
—
Total lnoome
1,121,423
Int.,
taxes (est.) and
other deductions
477,684
Addit'ns & improvem'ta. 257,667
941,037
9,504,850
5,981,503
500,129 4,852,851
92,000
976,667
4,951,521
1,022,000
Total deductions
735,351
592,129
5,829,518
6,973,521
Net income
Net inc. Lehigh Val. and
386,072
348,908
3,675,332
7,982
23,396
227,795
641,256
606,631
409,468
576,703
4,316,588
614,613
1,513
5,256
92
369
116
523
6,335
30,388
9,740
40,556
1.525
13,850
866
9,818
4,853
65,300
6,846
53,464
9,489
97,630
8,842
84,896
11,195
137,093
106,949
dl4,436
d57,877
8,461
6,601
37,842
Wetk or Mo
Our'nt
Tear.
Prev'ut
Year.
Jan. 1
to
Latest Date
Our rem Previous
Tear.
Tear.
9
75,087
528,466
95,424
67,721
Honolulu Rapid Tr.
21,329.258
15,767,892
5,561,366
420,137
3.090
14,717
.
1903.
455,493
9,049,357
801
8,203
. .
$
Net earnings
Other lnoome
1,078
4,259
9
9
I
19,780 18,660
71,544
123,669 117,876
486,139
Aur. Elgin A Ohio. Ry April
28,585
ham
to
n
Bin g
Ry
18,062 17,336
86,099
Boston A Woroeoter..
37,700 •>..*.
7,47)
Burllngt'n (Vt.) Trao. May
6,417
27,629
26,529
322,969 218.75C 1,202,195
Cal. Gas A Eleotrlo.. April
May
45,124 46,569
Cent. Penn. Traot.
197,549
191,560
Chicago A Mil. Eleo.
34,47* 20.042
122.412
71,238
64,13",
Chlo. AOak Park...c May.......
65,977
327,460
331,598
Cln. Dayton ATol.Tr. April
84,716 39,267
130,573
140,651
Oln. Newp. A Coving.
Light & Traction... April
99,459 92,945
393,460
868,249
Citizens' Ry. A Light
(Musoatlne, Iowa)..
8.126
6,822
31,838
28,662
Cleve.A So.W.Tr.Co..
41,441 39,038
160,620
156,303
April
14.961 14.900
Cleve. Palnsv. A E.
53.344
52,939
Dart. <fe WportSt.Ry.
12.374 12,581
43 735
44,360
Detroit United Ry..n IstwkJune 87,916 83,461 1,744,165 1,713,049
Duluth Street Ry
lstwkJune 11,381 12,723 250,131
247,120
Eaat St. Louis A Sub. April
98,425 83,169
872.975
298,640
Elgin Aurora A Sou.. April
33.425 33,295
135,793
129,396
Grand Rapids Ry....
57.765 50,112
Havana Eleo. Ry. Co. WkJunel2 132,800 128,645 1734,046 ;630,141
Lehigh Vallbt Railkoad Compart.
2,580,751 24.572,106
1,690,289 15,522,749
88,121
•14.507
-60,122
Albany A Hudson ... April
American R'ys. Oo.||. May
A
2,591,755
1,520,815
109,603
•18,408
•67,948
Latest Grots Earnings.
Earnings.
deductions.
S These are net charges after allowing for other lnoome received.
1 Houston
Texas Central and its subsidiary lines are inoluded
both for the month and for the period from July 1.
y Earnings decreased on account of strike at some of the mines during half of March, and expenses Increased owing to severity of weather.
Gross earnings
Operating expenses
17,341
2,003
6,725
After allowing for other lnoome reoeived.
sinking fund and preferred dividend.
Gross
After allowing for other income received.
t These figures are after allowing for other lnoome andf ordlsoount
and exchange. The sum of $10,000 Is deduoted every month from
surplus and plaoed to credit of Renewal Fund.
1 Includes Rio Grande Western for both years.
§ These figures include $926,508 appropriated for betterments
and additions to properties and equipment in April, 1904, against
$1,821,192 In 1903, and $11,502,559 during period from July 1 to
April 30 this year, against $17,822,360 In same period last year.
H Included in the fixed charges In this fiscal year are expenditures
for renewals, additions and improvements amounting to $47,748 for
April and to $543,692 for the period from July 1 to April 30.
There were no charges to this aooount the previous year.
a Charges here include road- rental (paid by lessees) and other
1 to Apr. 30.
20,662
5,677
17,943
STREET RAILWAYS AND TRACTION COMPANIES.
*
1904.
XOU,00<7
d Charges include
,
—July
59,924
271,888
130,265
22,095
82,204
Co
Apr.
All companies
July 1 to Apr. 30
.
75.965
323,065
284,569
44,067
146.637
Fall
Reading-
1903.
198,538
325.923
54,198
177,377
Detroit Edison Co.bMar.
Jan. 1 to Mar. 31....
Edison Elee. Ilium. Co. of
Brookton, Mass.. Apr.
Jan. 1 to Apr. 30....
Cumberland Telephone A
Mar.
Teieg. Co
April.
$
25,167
258,356
Gas Com-
•48,907
1904.
Year.
17,601
Jan. 1 to Apr. 30....
71,084
oth. oontr'll'd coal cos.
Previous
Apr.
Apr.
Net Earnings.-—-*
Current
Precious
Ourrent
pany (Baltimore). Apr.
Shawmut A No.—
Jan. 1 to Mar. 31
Total net lnoome.
,
2437
— ^-Bal. ofXet Earn'gs.-.
Previous
.
Pittsb.
etc.
Current
Clev.Cin.Ch.&St.L.Apr.
239,449
2,378,813
July 1 to Apr. 30
Apr.
Peoria & East
83,688
336,883
July 1 to Apr. 30....
Apr.
8,487
Copper Range
76.687
July 1 to Apr. 30
4,175
Cornwall <fc Leban.. Apr.
41,116
Jnly 1 to Apr. 30
388,131
jDsn. A R. Grande.. Apr.
July 1 to Apr. 80.... 3,337.147
88,642
Dul. Bo. 8h. A Atl... Apr.
886,417
July 1 to Apr. 30
Apr.
a52,766
Georgia RR
a520.059
July 1 to Apr. 30
21,025
Apr.
Gulf A Ship Isl
July 1 to Apr. 30
2,01,556
Apr.
77,126
Hooking Valley
817,881
July 1 to Apr. 30
17,833
Indiana 111. A la.. Apr.
178,333
July 1 to Apr. 30
20,823
Kanawha* Mich.. .Apr.
205,864
July 1 to Apr. 30....
11,350
Loulsi'na <fc Arkan Apr.
100,867
July 1 to Apr. 30...
6,409
Manistee et No. E Mar.
19,228
Jan. 1 to Mar. 31
2,875
Maryland & Penn..Apr.
Mar. 1 to Apr. 30
5,750
Mineral Range
Apr.
9,447
94,856
July 1 to Apr. 30
343,715
Mo. Kan. <fc Texas.. Apr.
3,326,477
July 1 to Apr. 30
15,734
Mob. Jacks. A K.C.Mar.
Nashv. Chat.ASt.L.Apr.
154,354
July 1 to Apr. 30.... 1,501,387
rTey.-Cal.-Oregon . Apr.
2,162
21,800
July 1 to Apr. 30
K. Y. Ont. A West. . Apr.
2 60,360
July 1 to Apr. 30.... g574,218
Norfolk A Weet*n....Apr.
285,780
July 1 to Apr. 30.... 2,277,408
.
——
THE CHRONICLE.
1$, 1904.
.
..
.
,
April
A Land Co
Houghton Co. St. Ry. April
Houston Eleo. St. Ry. April
Traction Co..
Indlanap. A East. Ry.
Indianap.Hhelbyvllle
A Southeastern Tr.
InternaVl Traot. Co.
Illinois
'
May
System (Buffalo)... April
Jacksonville Eleo.Oo. April
Kansas City By.A Lt. April
Lake Shore Eleo. Ry. April
April
Lehigh Val. Trao. Co.
8treet Ry. Dep
April
Electric Light Dep. April
April
LondonSt. Ry.(Can.)
27,120
16,919
32,049
75.438
17,556
20,690
15,597
32,539
52,627
11,312
105,160
56.536
116,060
309,386
75,675
80,819
57,751
125,075
242,033
45,366
17,742
5,784
312,708 295,332 1,209.048 1,154,805
23.519 19,361
89,991
75,843
329,483
v3, 630.302
46,705 42,502
151,591
157,607
10,488
9,911
38,165
40,648
56,820
13,954
22,645
14.454
61,771
12,397
21,208
13,145
204,414
57,972
226,615
53,392
59,256
59,345
..
..
.
1
,
THE CHRONICLE.
2438
Latest Grots Marnxngt.
gbom
Week or Mo Vufnt
Tear.
Earnings.
Mad.
(Wli.) Traction.
West Side Elev..
MlLElec Ry.4Lt.Co April
MIL Lt. Heat A Tr. Co
Montreal Street Ry ..
Mtmole Hartford &
Wayne
Mask. Tr. A Light. Co.
Street Ry. Depart.
Electric Light Dep.
Gae Department.
.
New London St. Ry
Nor. OhloTr. & Lt. Co. May
.
Orange do. Traction. April
Peeks.L't'gARB.Co. Maroh
Peoria & Pekln Term March
Philadelphia Co. and
Affiliated Corpor's.
Pottev. Union Tract.
17.798
21,998
April
1,927
122,795
..
Rookford Belolt A
Janes viUe
8t Joseph (Mo.) Ry.
Lt. Heat & Pow. Co. April
Transit
San Bernardino
Tract. Co
...
11,382
Tampa
Terre HauteEleot..Apr.
Jan. 1 to Apr. 3o
Previous
Tear.
Tear.
Tear.
$
$
$
Tear.
$
11,404
11,734
46,571
10,458
42,322
23,480
94,123
38327
132,358
44,527
9,127
33,828
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deduotlng taxes,
x Road was tied up by strike April 2, 3, 4 and 5.
and Surplus.— The following Stbeej
Interest unarges
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o. with the
,
sirplua or deficit above or below those oharges.
— Int., Rentals,
—
etc.
-Hal. of Xet Earn'gs
Current
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
$
$
$
$
Roads.
Detroit United Ry. n (all
properties)
May
Jan. 1 to May 31
.
87,395
443,368
81,194
407,941
*73.542
"125,824
*73,211
*246,619
3,447
13,117
7,941
30,780
4,167
20,833
2,929
11,716
2,077
def.5,384
6.831
26,316
2,084
10,417
2.030
2,852
4,600
12,205
3,293
3,618
3,299
16,228
8,432
7,985
22.467
112,532
12,194
50,519
26,525
131,577
286,121
22,427
108,765
9,118
45,106
25 534
127,390
280,843
12,836
19.062
13,426
89,257
*29,702
*110,712
*2s7,520
*25 1,772
2,696
10,306
41,090
24.948
95,167
2,093
8,352
9,177
37,353
2,500
9,788
38,532
26,840
99,310
2,019
7,981
6.521
26,117
2,254
4,631
18,407
31,608
118,0?7
9.641
38,219
1,231
4,969
2,603
1.016
8.197
15,490
53,095
9,355
36,546
2.606
7,711
Houghton County
St. Ry.
(Hancock, Mich.). Apr.
Jan. 1 to Apr. So
Houston
Eleot. Co. Apr.
Jan. 1 to Apr. 3o
AEast.Ry.May
May
Jan. 1 to
28,811
10,296
Xet Earnings.
Current
Previous
Current
30,484
111,984
42,044
165,564
Eleot. Oo... Apr.
Jan. 1 to Apr. So
Ind'p'lia
Maroh....
81
Northern Ohio Traction
Eleot. Oo. April
109,926
38,866
61,536
160,832
128,4-0
1.078
62,612
23,480
33,327
22,057
127,662
41,533
83,982
32,109
518,467
.
Spanish
22,682
13,549
16,528
15,471
311,011
166,050
526.598
23.513
25,246
22,888
26,915
Val.
119,000
40,941
66,064
8 or an ton Railway...
187,874
Seattle Electric Co... April
129,180
South Side Elevated.
Sprlngfl'd <fe Xenla Tr WkJunel2
1,283
69.040
Syracuse Rap. Tr.Ry. April
30,484
Tampa Electric Co... April
42,044
Terre Haute Elec.Co. Aoril
19,375
Tol. Bowl.Gr.A 8o.Tr. April
134,420
Toledo Rys. <fe Light. April
Toledo A Western.... May
18,254
WkJunell 48,848
Tjronto Railway
1'win City Rap. Tran. lstwkjnne 84,560
30.720
Union (N. Bedford)..
United of San Fran.. April
569,609
Va. PasB. * Pow. Sye.
Va. Pass. A Pow.Co February.. 58,741
Rich. Pass. A Pow. February.
34,867
Richmond Tract.
February
21.273
Wash. Alex. & Mt. V. May
22,702
Youngatown-Sharon April
37.602
J
21,187
11,743
15,365
16,298
316,581
211,722
548,814
28,*66
26,267
24,192
71,055
45,956 38,839
837,873 641,580 3,322,049 2,821,874
May
Sao Paolo (Brazil)
Tram. L't A Po. Oo. April
Savannah
«
83.028
870,393
936,630
109,209
657,931
6,761.902 6,553,471
66.341
70,110
16.262
76.959
80.114
22,849
7,9i>7
7,811
1.808
101,947
578,683 497,505
11,332
— Gross Earnings. —
Prevxout
Tear.
1,362,090 1,268,079
Rya Co.Gen.— Roads
Lome
4233
74,917 74,258
60,73(
38,278
107,309 103,334
6.270
7,87?
7,152
7,610
8,222
7.794
23,211
7,982
Northern Texas Trao.
Northwestern Kiev..
Olean St. Railway... April
8t.
5,391
3,029
3,503
5,308
2,651
3,660
4,323
[Vol. lxxviii.
Jbaien Uu.t
49,108
18,e07
April
Light Co's
Roohester Railway
l to
9
9
•
8,242
36,985
9,364
896,944
177.276 169.461
262,959 238,660 1,006.443
117,999
31,001 27,890
186,472 172,086 723,723
Met.
Ft.
jan.
Prev'us Ourrent
Tear.
Tear.
J
.,
21,718
487.354
158.653
247,814
733,267
676,637
20,900
270.2H
422,650
150,361
234,842
632.147
658,817
20,363
250.788
94,123
132,358
88,294
495,217
111,«84
16.\564
77,684
534,641
78,325
992.287
871,305
1,768,378 1,662,852
132,903
133,592
2,112,966 1,934,401
113,464
68,189
44,716
101,328
148,232
91,181
& Light Co
Jan. 1 to
May
May
31....
North. Texas Tract
Jan. 1 to
May
May
31.
..
Roohester Ry. Co.. .May
Jan. 1 to May 31
July 1 to May 81
Rockford Beloit & Janesville
May
Savannah Eleotrlo.Apr.
Jan. 1 to Apr. 30....
Seattle Electric Oo. Apr.
Jan. 1 to Apr. 3o
Tampa Eleot. Co. Apr.
Jan. 1 to Apr. 30
Terre Haute Eleot. .Apr.
Jan. 1 to Apr. 30
*
11,600
24,189
6,178
27,907
'26,048
*114.148
After allowing for other inoome reoeived.
silver.
ANNUAL REPORTS.
These are results for properties owned.
c Results for main line.
n These earnings include the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg Ry.
t These figures are for period from June 1 to Apr. 30.
—
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Street Railway Net Earnings.— The following table gives
and net earnings received Sections.
This index does not include
this week. The last general summary which we furnish once
PAGE.
RAILROADS, ETC.—
2392
a month, and in which we bring together all the roads from Allls-Chaliners
1546
American Can
Caramel
American
which monthly returns can be prooured, was given May Amer. Oak Leather (bal. sh. J an. 11 1960
V78
2382
Amer. Pneum. SerTlce
28, the next will be given June 25.
American School Furniture.. 1647, 1760
— Gross Earnings.
Net Earnings.—, Appleton 1). & Co. (balance sheet
1648
Feb. 1,1904)
Ourrent
Previous
Current
Previous
2381
Barney & Smith
Year.
Tear.
Tear.
Tear.
2331
Boston Towboat
Roads.
$
$
1646
Bush Terminul (half-year)
(banners'
Fruit"
Ass'n
California
Alb'ny&Hud.RR a Mar.
19.332
18,003
4,822
6,419
2333
(balance sheet Feb. 29)
Month of Apr
19,780
18,660
4,513
6,783 Cries. & Potomac Telephone
1547
July 1 to Apr. 30
234,835
1648
71,339
Chicago Edison
Columbus & Hock. Coal & lron....200»
Boston * Woroester. Apr.
26,523
9,015
Commonwealth Eleo of Chicago.. 1548
Oct. 1 to Apr. So
159.333
87,518
2331
Consol. Gas of Baltimore
the returns of Street railway gross
reports in to-day's Chronicle.
Railroads, Etc.—
Page.
RR
1904
2832
Philadelphia Electric
Pittsburgh-Bufialo (general state2382
ment April 1)....
Pleasant Val. CoaKbal.sh. Dec. 3D.1548
Securities Co. (bal. sheet Dec. si). 1780
Squire (J. P.) &Co (bal.sh. Jan.2).23H3
Standard Milling (six months). ...2010
1548
Standard Underground Cable
Tennessee Coal Iron * Ry
2009
2382
Texas Pacific Land Trust
23S8
United Copper Oo. or Montana
1779
United Gas Improvement
United States tuibber
1981. 1967
Utah Fuel (bal. sheet Dec. 31). ...1648
1960
V ulcan Detlnulng
Pere Marquette
—
Central Pennsylvania
Traction Co
May
Jan. 1 to May 31
Ohio. A Milw. Eleo May
Jan. 1 to May 31
Cleveland Southwest'n—
Traotion Co
Apr.
45,124
197.549
84,476
122,412
45,669
191,560
20,042
71,238
28.533
26,589
20,703
64,961
21,424
64,461
12,885
89,133
X30.012
33,536
89,038
156,303
X5.235
41,441
160,620
16,874
40,749
13,335
16,892
58,269
properties) .a
May
388.122
Jan. 1 to May 31.... 1,656,249
872,952
1,629,588
157,586
551,471
151,650
634,897
16,919
56,536
32.049
116,060
17,666
76,675
9,354
86,985
15,597
57,751
32,539
125,075
11,812
45,366
8,242
33,028
5,524
7,733
9,971
33,632
8,767
33,038
4,738
14,623
6,222
15,334
10,130
42,544
5,516
18,402
4,056
11,615
74,917
316,581
North. Tex. Traot.fcMay
50,736
Jan. 1 to May 31 ...
211,722
Orange Oo.Traot. ..Apr.
7,610
July 1 to Apr. 30....
91,094
Rochester Ry. Co.bMay
122.795
Jan. 1 to May 3i
578,683
July 1 to May 31
1.247.587
Rookford Belolt <ft Janesvllle
May
11,332
Savannah Eleotrlo.Apr.
40,941
Jan. 1 to Apr. 30....
158,653
Seattle Eleotrle Oo. Apr.
187,874
Jan. 1 to Apr. 30
733,267
74,258
311,011
38,278
166,050
7,152
84,651
101,947
497.505
1,078.410
85,803
131,594
25,620
89,776
34.027
132,954
15,296
72,913
206
19,357
55,852
240,372
667,988
1,602
30,103
51.187
289,662
527.694
11,382
38,866
160,361
160,832
632,147
4,950
14,937
89,497
56.557
213,254
5,103
10,798
46,729
42,380
152,406
Month of
Jan. 1 to
May
May 31
Detroit United Ry.n
(all
Houghton County St. Ry.
(Hanoock, Mich.). Apr.
Jan. 1 to Apr. So
Houston
Kleot. Co.. Apr.
Jan. 1 to Apr. 80....
Imd'p'lls A East. Ry.May
Jan. 1 to May St
Madison Traotion.. May
Jan. 1 to May Si
OhloTrac* Light
Oo.a
May
Jan. 1 to May 31 ..
North.
Street railways.—
Brooklyn Rapid Transit (applica-
1905
Corn Products
Cramp & Sons Ship & Eur. Bldg...2333
Denver & Southwestern (amend2018
ed plan)
1119
tion to N. Y. Stock Exch.)
Capital Traction (Wash.. D.C.) ...1219
Charleston Consol. Ry Gas&Elec.201O
818
Chicago City Ry
2S81
Chic. Un. Tr. (half-year)
1494
Havana Electric Ry
1275
Indiana Union Traction
Metrop. St. Ry., New York, (cal.
2381
year) ...
Metrop. West Side El Ry., Chio. .1494
Phi la. Co. of Pittsburgh
1779, 1787
1494
St. Louis Transit
1647
Eleotric Co. of America
Fore River Ship & Engine (bal2333
ance sheet Dec. 31)
19rt0
General Asphalt
1548,1554
General Blectrio
International Nickel
200S
2382
Kansas City Gas
Lake Shore & Mich. Southern. ...1904
2008, 2016
Mexican International
Michigan Central
New England Teleg. A Teleph
New Mexico Ry. * Coal
N. Y. Chic. & St. Louis
Nlles
.
Sao Paulo (Brazil) Tramway, Light
1778
2332
!»&<
1779
Bement Pond(bal.sh.Deo.31)178l
1647
Northern California Power
8010
PnolfloMall Steamship
Pao. Pa«k'g & Navlgat'ndO mos.).l780
4;
!
'
Power
2331
United Rys. Invest Co.of San Fran. 1905
8 10.1388
United Rys. & Klec, Bait
United Rys. of St. Louis (balance
1495
sheet Dec.31)
Washington Railway & Electric,.. 1498
W. India Elec.Co.. Kingston. J am.1279
New York Central & Hudson Hirer Railroad.
(Advance Statement for year ending June SO, 190^.
The advance statement for the fiscal year ending June
1904, partly estimated, compares as follows:
1903-04.
190203.
(Est.)
(Actual.)
1901-02.
(Actual.)
$77,605,778
53,469,811
$70,903,868
46.863,489
$24,146,464
5,272,744
$24,040,379
4,876,023
Gross earns, from operations. $77,500,900
Operating expenses
66,380,800
Net earnings
Inoome from Investments
Total net inoome
First oharges
Sinking fund
$22,120,100
5,944,109
$2«,064, 200
$20,390,500
$29,419,208 $28,916,402
$20,394,905 $20,599,684
800,000
300,000
300,000
,
Bal. avall'le for dividends $7,373,700
Dividends
Surplus
78, p. 2384, 2335.
-V.
80,
(5)6,612,500
$761,200
$8,016,718
$8,724,303
(5)6,604,157 (5)5.961,411
$2,120,146
$2,065,307
—
June
THE CHRONICLE.
18, 1904.]
Chicago
& Western Indiana RB.
(Report for the year ending Dec.
North American Company.
31, 1903. )
The income of the Chic. & West. Indiana is derived principally from the rentals paid by the companies making use of
the railway and terminals, its reports showinar:
1903.
—
Revenue
$
1,244,476
Rental from lessees
53,133
do bouses A land.
do
4.796
D1s.,lnt. and exchange...
Miscellaneous earrings
...
Total
•2439
1902.
$
1901.
$
1900.
(Report for the year ending May 31, 1904.)
Tbe income accounts for the last three years and balance
sheets for two years are given below. Further data from the
report will be lurniehed next week.
INCOME ACCOUNT.
1904.
$
r
960,701
671, 82
2«. 821
21,836
13,177
50,718
13,100
12,287
895.321
21,500
1,976
11,166
1,315,582
1.0J3.340
906,382
929,963
976.685
300,000
21,427
733,807
300,000
15,672
615,370
300.000
623.040
300,000
10,729
977
Interest received
and aoorued
Dividends
Commissions, profits and compensa-
Dividends (6%)
Miscellaneous
60,776
80,040
351,812
$883,652
$606,937
$555,742
Deduct—
10,331
$123,828
5,572
4,490
(4**%) 756,000 (2%)288,00O.
Taxes
Dividends
$838,360
$45,292
Total
1.298,112
eur 17,470
Total
Balance
1,049,479
925,701
938.769
sur.3,861 def.19,319
def.8,606
BALANCE SHEET DEC.
1903.
I
1902.
I
ac-
20,736,547 21.827,240
count
Accounts due and
unpaid
421.S37
240,029
432,501
454.630
250,000
755,569
145,16*
Caih, including for
coupons
Material
Bonds on hand....
28.294,814 22,963,300
Total
1902.
$136,16967,761
Salaries, legal expen.,netrentals,etc. $77,870
Expenses—
Interest charge
Assets—
Construction
$151,457
375,440
tions for service
T.ital
1903.
$29,880
792,996
31.
1P03.
1902.
Liabilities—
$
$
Stock
6,000 000 5.000.0TO
Bonds
16,7rt*.H'
21,200 667
7
Vouch. &cur.accts. 6->6,904
288,069
4i,186
Snkinir funds
4V>,96<
Interest accrued..
Miscellaneous
Bills payable
Income account. ..
Total
274 298
183 073
lf,850
10,0-5
15,(00
950,000
*26 ,009
662,540
Balance
BALANCE SHEET OF MAY
Assets—
Stocks
AllisChalmers Company.
(Report for the year ending April 30, 1904. )
President B. H. Warren says in snbstance:
Change of Fiscal Year.— The board of directors In March last
amended the by laws so that the fiscal year will hereafter terminate
office &mls.prop'y
Accts., stks.4c.rec.
Cash
Syndicate subs....
Stock Reduction.— In the settlement of several business oontraots
company became the owner of $100,000 of its preferred stock and
$180,000 of Its common stock, which shares have been oanoeled. thus
t
$
1901.
8
3
177,454
682.241
861,594
x Charged
off for
$53,486
$502,256
31.
Liabilities-
$
J
90S.
$
1S.8OO.00O 16.8''0,000
Capital stock
210,866
16-.300
Dividends
Funds coustlt. cos. 173,207
Undivided pronts. 1,734,353 1,330,140
718 68
x
107,000
Tot. liabllities.18,923,525 18,298,440
Total assets... 18,943,526 18,298,140
1901.- V. 78.
p. 1278, 824.
United Shoe Machinery Co.
(Report for the year ending March 1, 1904. J
At the annual meetiDg on Jnne 11 President Winslow
said: "During the past fiscal year, both the domestic and
foreign business of the company have shown a very satisfactory increase. The new factory at Beverly commenced last
The
fall is expected to be completed before Jan. 1 next.
attention of the stockholders is called to the exhibition at St.
Louis, where the company has a model factory in operation."
on June 30 in each year and the annual meeting of stockholders will
be held on the first Thursday after the first Wednesday in September.
tbe
1903.
17,903,978 14,563.e88
900.866
183.579
136.277
847,121
Bonds
Loans
28.294,914 22,968.300
•$420,000 of the decrease was due to "return to tenants of accumulated
excess rentals paid trustees as security for interest payments "—V. 78, p. 2183.
1904.
$417,400
$189,537
$47,713
5,773
BALANCE SHIET MAROH
Assets
—
1904.
$
829,823
1,106.640
Machinery
Stock in process.. 2.H17.460
Cash & debts rec. 4,349,968
400,000
Patent rights. ..
Leased mach.,'stk
&bds. other cos 16.176,541
337,134
Miscellaneous
1903.
•
191,164
1.212,ti 52
1.
1904.
Liabilities—
I
•
Com. stock
10,721.394
Pref. stock. &%.... 8,936,600
Accts. payable....
880,816
Surplus
6,126.388
1903.
•
10,721.391
9,936,600
125.659
3,777,416
2.361,527
reduoing the outstanding capital stock to $16,150,000 of preferred
3.667.279
to $19,820,000 of oommon stook.
408,022 Depreciation and
Plants —During the year expenditures aggregating $768,592 have
reserve
262,367
been made on oapltal aooount. viz.: Additions to plants, $642,232
16,646.549
[West Allls works. $257,290; Relianoe works, $164,182; Chicago
118.303
works, $93,685; Soranton works, $127,074]; new plant, Norwood
Total
26,117.466 24,860,998
26,417,166 24,860.998
Total
foundry, Cincinnati, $77,300; terminal railroad at West Allls, $19,060.
The cost of manufacture during the year lnoluded charges for mainthat the increase in the surplus, as shown by
Assuming
tenance and repairs, $752,535, and depreciation, $244,478; total,
the balance sheets of successive years, consists merely of the
$997,013.
Business Extension.— After oarefnl consideration tbe directors de- surplus earnings remaining after payment of the annual
cided to establish departments for the manufacture of gas engines, dividends (an assumption which may be wide of the mark),
water and steam turbines and electrical machinery. Under a contraot
with the Augsburg-Numberg Machine Co of Germany, we secured the the "Boston News Bureau" deduces substantially the followexoluBlve right to manufacture and sell the Nurnberg gas engine in ing statement for the last three years:
the United Stares, Its possessions and protectorates, and Canada and
1902-03.
1901-02.
190304
Mexloo, with important privileges In other countries. The sixty Net earnings
$3,055,216
$2,722,398
$2,457,803
years' experience of E«oher Wyss & Co. of Zurich, Switzerland, in the
Deduct—
maufaoture of hydraullo turbines, governors and other hydraullo ma- Preferred dividends, 6 p. o
$596,190
$596,190
$596,190
chinery, was secured for the Allls-Ohalmers Co., with am exoluslve Common dividends, 8 p. o
857,715
857.715
708,575
right lor manufacture and sale In the United States, Canada and
Mexloo and with special privileges for Central and South America at d
Surplus for year as deAfrloa Up to the close of 1903 Esoher Wyss & Co. had constructed
$1,268,493
$1,153,038
duced from bal. sheets.. .$1,601,311
hydraulic
turbines, including several units of
635,387 horse power of
of
York
elected
Babbott
was
a
director.—
Frank
L,
V.
10,250 horse power eaoh. Under an agreement with the Turbine Advisory Syndicate of England, your company enjoys the exoluslve right 78, p. 1171.
to make and sell the latter's design of steam turbine for land and
marine purposes in North and South America and South Africa.
Lanston Monotype Machine Company.
In order to avoid the large investment and the considerable time
(Report
for the year ending Feb. 29, 1904.)
that would necessarily be involved in developing a new eleotrloal department, the company leased upon favorable terms the entire prop
President J, Maury Dove says in substance:
erty of the Bullook Eleotrlo Manufacturing Co located at Norwood,
General Results.—The past year has been marked by a general
near Cincinnati, Ohio. These works are of modern oonstruotlon and improvement in the business. Forty new offices have adopted the
equipment and of recent erection, with a capacity for the largest sizes machine, making the total offices using the same in this oouutry now
of generators now constructed anywhere. This entire business was about if 0. There were sold 285 casting machines and 360 keyboards,
taken over on Maroh 1, 1904, as a "going concern," and it beoame the viz.: 125 casting machines and 149 keyboards la this oountry; 1
eleotrloal department of the Allls Chalmers Co. The personnel of the
casting machine and 1 keyboard in Mexloo; 2 oastlng machines and
Bullook Company remains praotloally unohanged, but the baelness is three keyboards in Scandinavia, and 157 oastlng machines and 217
conducted under the form of a new Ohio, corporation of a similar title, keyboards were sold to the English Corporation. In addition 28 castall the shares of which, except those neoessary to qualify the directors,
ing maohines and 82 keyboards were leased. The sale of aooessories
are owned by the Allls-Ohalmers Co. We purchased at market has been an important factor, and should continue to be such. Darvalues all the available current assets of the Bullock business and ing the year nine maohines not oastlng individual type were displaced
undertook to pay all Its current aooounts by supplying sufficient by our machines.
working oapltal to the Ohio company for this purpose. An Interest has
The gr«ss business was $706,000; the net business, $640,000, and
been acquired In the Allls-Chalmers-Bullook, Limited, of Canada, the the net profits, $140,000, after liberal allowance for depreciation and
works ot whloh company, favorably located near Montreal, are admir- the charging off of all doubtful aooounts.
ably adapted to Its man ufaoturing purposes. [Compare V. 78, p. 111!.]
Financial Status.— Last year th3 company had no bills payable;
Bdsinebs Policy.— By reason of the contraction in general business this year we show $32,000. Of this amount $12,000 has been paid
and the introduction of several new manufacturing departments that since the close of our books, leaving only $20,000 to be paid, whloh,
will require some time ana expense to properly establish, the directors
together with our monthly aooounts, constitute our entire indebtedhave deemed it the part of conservatism to postpone the declaration ness. We have on hand oastlng maohines, keyboards and manufactof dividends upon the preferred stook until they are f ally assured of
ured aooessories amounting to $350,000, taken at their cost, and all
a return of continuing prosperity for this company. [V. 78, p. 1499.] paid for. Only maohines actually delivered and business actually
The results for three years past compare as follows, the billed have been taken Into account in making this repirt.
Improvements. -Our oastlng maohines and keyboards have been
net profits being shown "after deducting all expenses of
brought to a state ot great effiaienoy and are receiving praise from all
manufacturing and selling and after making provision for their users. A number of improvements have been made daring the year
all fully protected by patents. One of the most important, the "sorts
depreciation of plants and for possible bad debts:"
caster attachment," materially increases the soope of the machine.
1903-04.
1901 02.
190203.
exceedingly simple in oonstruotlon and oan be applied to all exNet profits
$1,442,259 It is Monotype machines. By its use the printers oan oast all kinds
$952,624
$1,658,576
isting
Less dividends paid on preferred
of job and display types from fourteen to thlrty-slx point; something
stook
(5k%) 853,125 (7%)1,137.500 (7%1,137,500 whloh cannot be accomplished on any other oomposlng machine on
thA market. A machine with this attachment oan be used on all kinds
Surplus for year
$304,759 of
$99,499
$516,076
composition from pearl to plea, Inclusive, and when desirable oan
have the sorts attachment in running order in thirty minutes, and
balance sheet apbil 30.
and
New
-
,
1901.
Assets—
Plant,
$
1903.
$
good-will,
etc.30,246/ SS 29.199,493
Bills & accts. rec... 3,437,520 2,476.679
Work in progress,
merchandise, etc. 2.914,878 6,131,800
Int. In Bullock cos.
463,000
Cash
1,060,113 1.628.009
Total
-V. 78,
p.
...38,121,596 38,434,831
2382 1499.
1903.
1904.
*
Liabilities—
$
Preferred stock. ..16,l60.0r0 16,250,000
Common stock .... 19,b20,000 £ 0.100,000
Accounts payable. I,ul4,390 1,079.671
284,376
Divldend-ipd.Mayl
Norwood Fd'y mort. 34,000
Deprec'n reserves.
Su-plus
Total
478 365
624,835
820,836
.38,121,596 38.134,881
r e changed back In the same brief period of time.
A large number of
the users of the machines have already placed orders for this attach-
ment.
are now
publishers, In placing
contracts for printing, stipulate that the work shall be done on the
Monotype. This is because of the superior quality of the work, whloh
is not only better than any other machine composition, but Is even
better than the best hand work. All of our inserts and catalogues
[and also the annual report itself] are the produot of our own
A number of the most prominent periodicals and magazines
being composed on the Monotype, and
machine.
many
:
THE CHRONICLE.
2440
Report of Agents.— Wood
Nathan, our Belling agents, report:
<fe
a flourishing condition. Quarterly statements
of the business done from the beglnnlngof our contract are as follows:
1904.
Calendar Jear 1903.
1st quar.
4th quar,
\$t quar.
2d quar.
3d qtiar.
$177,651
$114,305
$57,907
$100,043
$97,568
"There Is a bright outlook for a largely lnoreased business during
the coming year."
Contract with English Company.— In Deoember, 1903, an agreement was ooncluded with the English Corporation by which the latter
Is to sell and lease machines on Continental Europe on paying to
this company a fixed yearly lloense. this company reserving to
itself the right to manufacture or to have manufactured all of the
maohlnes for the market oovered by this agreement. It was also
stipulated that profits arising from the sale or lease of maohlnes In
the market oovered by this agreement should be paid Into the treasury of the English corporation. This provision was made In order
to Increase the profits of the English corporation, as this company Is
the! owner of about one fifth of the stock and bonds of that company.
When It Is remembered that the contract for supplying the English
corporation with the machines at oost expired last year, and that
under the present agreement maohlnes are to be supplied at a price
which yields to this company a profit, and that we are to receive our
pro rata of the profits from the treasury of the English corporation,
and In addition the fixed yearly lloense as stated above. It will be evident that the arrangement as oonoluded should prove very remunerative to this company. The reports of the English corporation show
that they are upon an earning basis, and that np to September, 1903,
they had earned in net profits some $25,000. [The English company,
the "Lanston Monotype Corporation," In 1903 had outstanding £133,362 of an authorized issue of £150,000 of 5 p. o. first mortgage debenture stock; also, £437,500 of oapltal stock, viz (1) £250,000 ordinary
stock; (2) £150,000 6 p. o. cumulative preference stock, both In
shares of £1 eaoh, and (3) £37,500 deferred stock (entitled to dividends after 10 p. o. Is paid on ordinary stock), consisting of 150,000
"The business
is
In
,
:
BALANCE SHEET MARCH
Assets—
Cash
Bills receivable
Accounts receivable...
Treasury stook
Stock s & bds. (invest' ts)
Machines, key boards and
parts
Plant
Offloe furniture
Rights, Iran's
&
$23,464
143,933
143,396
140,100
672,433
A special
to the "Manufacturers' Record" as follows
Batson production has shown a marked improvement in the last
week. From 20,000 to 25,000 barrels daily it went to 35,000 or
better, owing to the development of several flowing wells In the deep
sand. Three produoers— the J. M. Guffey Petroleum Co., the Parafflne
OH Co. and the Heywood Oil Co.— have been getting more than 4,000
barrels a day eaoh. The Barolay well, which oame in last week, made
12 tanks in 24 hoars, or nearly 12,000 barrels.
On Spindle Top things are not looking good. The production has
fallen under the 9,000 barrels a day mark, with little prospect of improvement. This Is a deollne of 6,000 barrels a day in Ave months.
Sour Lake suffered severely from salt water in April and May and the
production fell to about 15,000 barrels daily, but it is reported now
that the first two weeks of June have witnessed an Improvement.
There is nothing new at this writing from the various prospective
fields where oil has been developed in inconsiderable quantities. At
Matagorda, the best of the new pools to date, all attempts to finish a
seoond well have been futile. The o-iginal syndicate well, however,
continues to flow, and is supplying all field and local demands for fuel.
At Jennings the field is showing considerable development, with the
prospect of additional wells within the next ten days— V. 77, p. 1297.
1,
Accounts payable
Bills payable
and
loss
42.006
31,821
139,527
349,529
171,521
1,998
77,436
lmpts. 3,609,201
Total
Total
,....$6,333,012
$5,333,012
Dlreotors.—J. Maury Dove, R. Suydam Grant, William M. Laffan, J.
C. Maben, William E. Strong, William H. Goadby, H. O. Hollenbeok,
Adrian H. Larkin, H. O. Selxas, General Maxwell Woodhull, S. W.
Woodward.
The company
is
a Virginia corporation, with main
office at
1231 Callowhill St., Philadelphia.— V. 75, p. 133.
(J.
M.) Guffey Petroleum Co., Beaumont, Texas.
{'Status of Enterprise.,)
The
directors have decided not to issne
an annual report,
but the "Boston News Bureau" understands that the company "has had a very profitable year, and that after liberal
charges to depreciation and the purchase of new properties
out of earnings, the net profits for the year amounted to
somewhat over $1,000,000." Further information compiled
for the
correspondent writes under date of June 12 from
Beaumont
William Cramp & Sons Ship & Engine Building Go.
1904.
Liabilities—
Oapltal stock
$5,000,000
Discounts (customers'
notes)
119,658
Profit
[Vol. lxxviii.
The reports of Mr. Boverton Redwood of London, England— probably the greatest petroleum expert In the world— on the Gulf Refining
Company's kerosene prodnot show: Speoiflo gravity at 60 deg. F.,
-823; flash point (Abel test). S3 deg. F.; color, prime white. (2*6);
odor, good merchantable; sulphur, 0*1 p. o. Also results with the
Hinks duplex burner as follows: Illuminating power, Initial, 260;
average for 6 hours, 25-2; consumption of oil per hour, 1,193 grains;
consumption of oil per candle hour, 47-4 grains. '-From these results, " he says, "we have formed the opinion that the oil represented
by the sample would be found In praotioal use, a thoroughly satisfactory Illuminating agent."
shares of 5s. eaoh, reduoedln 1903 from £1.]
Patents
:
Chronicle follows:
The company was Incorporated In May, 1901, under the laws
of
Texas. It has outstanding $15,000,000 of fall-paid oapltal stook, par
value of shares $100; also $5,000,000 of first mtge. 5% convert, gold
bonds of 1902, one $500,000 yearly, beginning June 1, 1907, but subleot to call at company's option on or after June 1, 1905, at 105 and
Interest, and convertible into stook on any Interest day after proper
notice, $ for $, at option of holder. The interest on these bonds is
payable In June and Deoember at the Mellon National Bank of Pittsburgh, Pa. The mortgage trustee is the Union Trust Co. of Pittsburgh, Pa.
The company's oil fields are located at Spindle Top, Sour Lake and
Batson Prairie, Tex., and at Jennings, La. The Gulf Refining Co.
(capital
stook, $750,000 ; par of shares, $S), with a
refining
capacity of 12,000 barrels of ornde oil per day, Is an ally of the J. M.
Gnffey Petroleum Co., J. M. Guffey being the largest stockholder In
both corporations, and the Mellon Bros, the next largest. In extent
of pipe lines, tankage, wells and equipment, including its fleet of
oil carrying steamers and barges, the Guffey Company ooouples a
leading position. While no dividends have yet been paid, the dividend prospects are reported to be good.
J. M. Gnffey is President and Chairman of executive committee;
W. L. Mellon, Vice-President; O. F. Farren, Secretary, and A.
Mellon, Treasurer. Othoes are at Beaumont, Tex., and Frlok Building,
Pittsburgh, Pa. Agencies: Battery Park Building, New York City;
Harrison Building, Philadelphia; 110 State St., Boston; Hennen Building. New Orleans; Gulf Refining Co. Building, Port Arthur, Tex.; Port
Tampa, Fla.; New Haven, Conn.
In a booklet entitled "Texas Petroleum" the company^tates
the total estimated production of Texas petroleum during
the year 1908 as 14,100,000 barrels, viz.: From Spindle Top,
6,500,000 bbl«.; Sour Lake, 7,000,000; Jenning«, 500,000, and
Saratoga, 100,000. Also the shipments it states as 15,000,000
barrels, of which by water 8,989,027 bbla.
Estimated oil in
storage Dec. 31, 1908, 7,000,000 to 8,000,000 barrels, exclusive
of about 1,500.000 barrels in tanks of the Southern Pacific
Railroad and Texas oil stored at eastern stations.
The
booklet further says:
Oil shipments from Port Arthur, Texas, by water show a marked Increase, being for 1903 7.573,849 bbls., an Increase of 176 p. c, or
4,833.076 bbls., over 1902. Of these shipments, approximately 50
p. c. was loaded by the J. M. Guffey Petroleum Co. ana the Gulf Refining Co., a very large portion being manufactured prodnots. At present the Gulf Refining Company's plant at Port Arthur, Texas, whioh
is the largest Independent refinery in the world, Is taxed to Its utmost
capacity in supplying foreign and domestic demand for Its manufactured products.
Texas petroleum yields a large percentage of homogeneous gas oil,
which, owing to its superior quality, has almost superseded northern
oil In the east and on the Atlantic seaboard. It Is also peculiarly
adapted to the manufacture of lubricating oils of high vlsoosity, high
speolflo gravity and low cold test, for which there has been a great
demand, especially in the North and East, where these properties are
very desirable. A high grade of asphaltnm is also produced from
Texas petroleum, and this, too, has found ready sale In the North and
East, being extensively used as a saturating and roofing material.
W
("Report for the year ending April SO, 1904.J
Besides the data already published, the pamphlet report
affords a balance sheet and the following additional remarks
of President Henry S. Grove:
It has been the effort of the present management to be more conservative than has been the custom in the past In estimating earnings
on unfinished contracts, whioh cannot be accurately determined until
the work is finally completed and accepted. This policy, while In no
way changing the ultimate result, makes any comparison with previous years misleading.
The past year indioates that there has been little or no profit in
shipbuilding proper. Were It not for onr subsidiary companies doing
business other than that of building ships, we would not be able to
make the showing on the previous pages. Your I. P. Morris Co. Is in
the first rank among those undertaking high service turbine work, and
the Indications are that considerable volume of this olass of work will
be presented during the present year; this, together with its reputation for high-grade general machine work, has contributed maoh In
the past year to the profits of your oompany, and promises, notwithstanding the decreasing demand, to make a satisfactory showing for
the present year. The Kensington shipyard has also contributed
greatly to your profits in the past, and we see no reason why its prospects are not as good for the future; for even If new ships are not
built, existing ones will need repairs. Your brass foundry has had
the most prosperous year in its history, and its specialties are meeting with constantly Increasing favor.
Nowhere throughout the great field of commercial aotlvlty has enterprise created suoh an overproduction of facilities as in shipbuilding. A single shipyard (Cramps) can build promptly, without retarding their other contracts, all the war vessels authorized by the last
Congress. The amount of business offering is only a small fraotion of
the oapaoity of the various yards, and competition is so keen that the
margin of profit is practically eliminated. Our position for the coming fisoal year, however. Is secure in having in all departments contracts aggregating about $13,000,000, which is an increase over the
same period of last year of $1,500,000.
During the year we completed one war vessel, the proteoted cruiser
Medjidla, a vessel of 330 feet in length, 42 feet beam and 3,300 tons
displacement, for the Ottoman Government; also three transfer tugs
for the New York New Haven & Hartford RR.
We shall complete during the present year the armored cruisers Colorado and
Pennsylvania. We have the Tennessee well under way and have just
started upon the Idaho and Mississippi. The commercial work In
whioh our other departments are interested, while not offering as
freely as in the early part of last year, still promises to give these departments a fair amount of profitable business.
The statement of earnings was given in V. 78, p. 2333.
BALANCE SHEET (INCLUDING SUBSIDIARY COMPANIES IN BOTH YEAHS)
APRIL 30.
1004.
Assets—
Real estate,
1903.
$
ma-
chinery, Otc.x.... 12,614,063 12,577,821
& accts. rec. 1,089.776 > , 7ln
n7i
10.074
Cash
666,042*
V
Bills
Retained pending
completion
ot
...
663,912
contracts
Mater'laA supplies
640,838
Accts. in litlg'n.&c. 1,001.148
Total
capital stuck of
V. 78. p. 2333. 2014.
1903.
628,223
716.287
16.464.774 16.531,405
x includes
1004.
Liabilities—
*
6.098.000 4,848.000
Capital stock
2J-year 5 p.c. notes 4.920,000
1st M. 6 p.c. bonds. 1,376,000
638.652 1,998.659
Mort. on real est..
812.346 4.361.943
Accounts payable.
a ni'i u i'ii interest..
109.429
Profit and loss
2.618,447 4,322,803
I.
Total
16,464.774 18,631.406
P. Morris Co., Kensington Shipyard Co., etc.—
American Waltham Watch Co.
( Balance Sheet of March SI, 1904J
The balance sheets of March 31, 190i and 1903, compare as
follows
Assets—
Real estate
Maohlneiy
Merchandise
English and Canadian oases
Supplies
Watches
in process
Patent rights
Due from agents and London
Accounts receivable
Cash
Miscellaneous
Total
Liabilities—
Capital stook
Aooounts payable
Surplus
Total
offloe
1904.
1903.
$900,555
$806,953
2,042,606
460,522
55,905
946,748
1,244,628
185,166
280,349
16,134
383,517
24,022
1,911,245
$6,544,258
$6,130,906
$4,000,000
41,407
2,502,851
$4,000,000
59,190
2,071,716
$6,544,288
$6,130,906
407,084
48,157
797,957
1,235,339
189,660
243,128
21,842
438,154
31,483
—
June
On
THE CHRONICLE.
18, 1901.]
Jan.
1,
1900, the surplus
been at the rate of 10
2 p.
c.
extra in 1903.
trial Section.— V.
p. c.
per
was
$626,563.
annum
Dividends have
In connection with the petition, a statement was
showing the earnings for the quarters ending Nov. 30,
Indus- 1903, and Feb. 29, 1904. These statements, which throw
further light on the question of depreciation charges, are in
brief as follows: [The method of compilation differs somewhat from that employed in last week's semi-annual report,
since March, 1900, with
See page 1724 of
Railway &
77, p. 1876.
2441
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
August a & Elberton RR., Georgia.— Bond Issue.— The
stockholders met in Augusta on June 2 to authorize an issue
The company proposes to build a
of $750,000 gold 6s.
railroad from Augusta to Elberton, Ga., a distanoe of sixty
miles, and for this purpose has purchased the rights and franChattanooga RR. & Banking Co.,
chises of the Augusta
whioh in or about 1886 graded some twenty miles of line
through the same territory. The officers are President, C.B.
Young; Vice-President, J. E. Hogan; Secretary and Treasurerer, F. T. Lockhart, all of Augusta. The company claims
to have obtained subscriptions for most of its bonds.
Baltimore & Southern RR.— Bonds.—The shareholders of
this projected road voted on June 1 to issue $60,000 of 5 p. c.
mortgage bonds, of whioh $55,000, it is said, will be used to
pay accumulated indebtedness. The road is intended to run
from Baltimore to Drum Point, Md., 70 miles, but no part
of it has been built. Frank R. Biedler of Baltimore and
Edward Lauterbach of this city are said to be the promoters.
The directors (and officers) are :
Frank R. Biedler. President; Mr. Daniel T. Loden, Vice-President,
and Dr. Hampson IT. Biedler, Secretary and Treasurer; Albert W.
Cooper, Dr. Edward Stalkneoht, William T. Garland, all of Baltimore,
and John D. Lewis of West Virginia.
&
Mr. Lauterbach and his New York associates, it is said,
from the board to facilitate the getting of a quorum,
and not because of any ohange in the control. Compare V.
retired
78, p. 1548.
Boston (Mass.) Suburban Electric Companies.— Right to
Subscribe. All shareholders of record on June 10 are offered
the right to subscribe on or before July 5 for the 15,848
shares each of new common and new preferred stock as beShareholders for
low, the issue having been underwritten
every four shares held by them, respectively, may subscribe
—
:
for one block of the additional shares, each block consisting
of one preferred share and one common share, at the price of
Trust
$66 67 per block, payable at the Boston Safe Deposit
Co., as follows
$21 67 on July 11, 1904; $15 on Aug. 10,
1904; $15 on Sept. 10, 1904; $15 on Oct. 10, 1904. Any subscriber may anticipate these payments. In case he pays his
subscription in full on or before July 11, 1904, he will receive
a certificate for the shares to which he is entitled, and the
preferred shares issued to him will participate
in any
quarterly dividend payable Oct. 15, 1904; otherwise anticipated payments will be allowed interest at the rate of 4 p. c.
per annum.— V. 78, p. 2383, 1222.
&
:
matter.
filed
2381.]
p.
QUARTERLY EARNINGS OF NORTH CHIOAOO AMD WB8T CHICAGO
RAILROADS.
Quar. end.
Nov. 30. '03.
Qrost
income.
Net
Fixed
Contol. Tr.
Depree.
income.
charges.
deficit.
charge.
Balance.
N.Ohio... $821,826 $324,243 $207,013 $35,095 $60,544 sr $21,591
W. Ohio. .1.445,777 532,990 869,804 61,799 150,917 df.49,530
Feb. 29, 1904—
N. Colo... $677,376 $116,516 $158,806 $39,844 $60,859df $142,993
W. Ohio. .1,206,197 268,669 310,905 70,886 167,916 df.281,038
seems that the depreciation charge was determined by
valuing, piece by piece, the properties of every decription
and then estimating their probable life and the amount
required to replace them. In this way the gross quarterly
depreciation for the North Chicago was fixed at $85,410
It
first
($341,640 per
annum),
viz.:
QUARTERLY DEPRECIATION CHARGE OF NORTH CHICAGO STREET
BS.
$17,082 Poles'
$1,956
15,295 Line
572
Cable track
Paving
15,598 Motors
3,982
11,141 Buildings
Oars
2,959
430
Power houses & maoh'y.. 16,393 Miscellaneous
Similarly the gross depreciation charged by the West
Chicago was fixed at $171,172 quarterly, or $684,688 per annum. The total annual depreciation charge for both companies would therefore be $1,026,328, being equal to about
6 p. c. on their outstanding capital stock and to about 12 p. c .
of their gross receipts. The deduction from these amounts
of the proceeds of sale of discarded equipment would reduce
somewhat the amount actually charged.
In addition, the maintenance charge included in operating
expenses has been doubled as compared with 1901, through
Eleotrio track
i
|
I
I
including therewith the "reconstruction expenses," which
were formerly charged to capital account. Thus, for the
February quarter the maintenance charges were:
MAINTENANCE CHARGES, FEBRUARY QUARTER.
Excluding "reconstruction," aver, for Feb. quarter, 1900-03. $139,117
Including "reoonstruotlon," aver, for Feb. quarter, 1900-03. 169,258
Including "reoonstruotlon," Feb., 1904, quarter
267,733
The "Chicago Economist" remarks:
"It will probably be conceded that the present practice of charging
reconstruction to operating expenses Is better, In the main, than the
former one of charging it all to capital. But with the depredation
charges added, it leaves very little hope for the underlying stockholders."
The financial statements, which include 21 separate tables
(prepared with the aid of expert accountants), also undertake to show the financial position of the several companies
now and at the time the leases were first made. It is thought
they prepare the way for a contest regarding the application
of current assets and the liability for floating debt between
the leased line interests on the one hand and the Traction
interests on the other. The receivers' balance sheet was given
Boston & Worcester Electric Companies.— First Dividend.
1, viz., 2 p. c. on
last week on page 2382.— V. 78, p. 2381, 2333.
its $2,253,600.*preferred stock, payable July 1 to holders of
Cincinnati Hamilton & Dayton By.— Change in Control.
record June 25. See item Boston & Worcester Street Ry.,
Eagene Zimmerman made the following
—Vice-President
V. 78, p. 1961.—V. 78, p. 1781.
statement on Tuesday to representatives of the New York
Buffalo Hamburg & Aurora (Electric) Ry.— Re-Sold.— daily papers:
The property was sold under foreclosure on June 14 for the
I authorize you to state, as coming from me, that the Cincinnati
second time and purchased for $78,000 by George Tracy Hamilton Dayton Ry. Is sold. The final details were arranged this
V*.
afternoon, and the property is, praotloally, out of our hands. It has
Rogers, the President of the Binghamton Ry. Co.—
78, p.
—This company has declared dividend No.
<fe
1496.
A
bill to
Burlington Monmouth & Illinois River RR.—
foreclose a trust deed securing bonds issued by this company
in 1880 was filed in the United States Circuit Court on May
The
27, on behalf of Frederick H. Schauffler of New York.
Iowa Central, which acquired the rights and franchises of
the company, is made a co-defendant. The suit is to enforce
the payment of seven bonds issued March 1, 1880, by the Burlington Monmouth
Illinois River RR. and which were
found among the effects of the late Simon Sterne. The bonds
have never before been presented as an obligation against the
Iowa Central.
&
Chicago Burlington & Qjnincy RR.— Bonds Offered.—
Clark, Dodge
Co. of New York and Lee, Higginson &
Co. of Boston offer at 92J4 and interest, by advertisement on
another page, the unsold portion of $9,500,000 Illinois Division 3% per cent bonds of 1949. These bonds are the remainder of the authorized issue of $85,000,000, aside from the
$28,173,000 reserved to retire $24,024,500 prior lien bonds.
They are, moreover, the balance of the block of $15,492,000
recently purchased by the firms named, $5,992,000 thereof
having been marketed some weeks ago, with interest rate
changed to 4 per cent.— V. 78, p. 2383, 2833.
&
Chicago Terminal Transfer RR.— Bonds.— The company,
having sold $400,000 additional first mortgage 4 p. c. bonds
of 1947, asks the New York Stock Exchange to list that
amount, increasing the total listed to $15,185,000.— V. 78,
p. 2010, 1108.
Chicago Union Traction Co. Position of Leased Lines.—
Last week as a foot-note to the table of earnings for the six
months ending Feb. 29, 1904 (see p. 2881), reference was
made to a proposed effort to have the courts pass upon the
leases of the North and West Chicago roads and to decide to
what extent the earnings of said lines may properly be diverted from dividends to depreciation and improvements.
Receiver Blair of the Chicago Union Traction Co. has filed
a petition with the Court which may serve to settle the
been sold at a price that Is satisfactory to all parties. The exact figures will doubtless be given out by the purchasers. The road has
been bought by a Boston syndicate, amply able In every way to carry
out Its contract. That It will be made part of a system seems probable, but I am not authorized to Indicate the plans of the new owners.
The "Boston Transcript" says:
The oontrol of the Olnoinnatl Hamilton & Dayton Ry. has been purchased by a syndicate of New York and Boston capitalists, with
which several members of the Pere Marquette syndicate are associated. This syndioate is not composed entirely of Pere Marquette
people, and does not In any way represent the Pere Marquette RR. Oo.
it not a dollar of Pere Marquette money Involved, nor Is the
credit of the road utilized in any way. Though the controlling Interest In the Dayton has passed, some of the most prominent Interests In
the former ownership will remain in the property, and will become
identified with the new oontrol. There Is no financing or capital adjustment Involved In the transaction. It Is straight purchase of stock
by interests which will pay for the stock in cash without capitaliza-
There
tion.
The Cincinnati Hamilton A Dayton and Pere Marquette have jointly
the Toledo Ry. <fe Terminal Co. whereby for
made arrangements with
a long term of years they will secure the use of the Toledo property,
forming a physical connection between the two systems. The statement is also made on good authority that negotiations are completed
by the Common wealth Trust Co. of St. Louis for the sale of $3,500,000
414 per cent 40 year bonds of the Terminal Company. It Is said that
the bonds were sold to private Interests.
"There will be," thesame authority says, "a natural community of interests between the Dayton road and Pere Marquette, and they will doubtless operate in complete harmony,
but there is not, for the present at least, the slightest prospect that they will be merged."
It is understood that F. H. Prince and Nathaniel Thayer,
respectively President and director of the Pere Marquette
RR. are largely interested in the aforesaid purchase, which
we believe has a wider significance, both in its ecope and
ultimate bearing, than has been generally supposed.— V. 78,
,
p. 2888, 2011.
Detroit Southern RR.— Opposition to Plan.— James H.
Oliphant & Co., 20 Broad Street, N. Y., request the holders
of first mort -age 4 p. c. bonds who are opposed to the proposed funding arrangements to send names and amounts of
holdings.— V. 78, p. 2011.
:
THE CHRONICLE.
2442
Detroit
& Toledo Shore Line RE.— Bonds Offered.— Moody
Bros. & Co. of Springfield, Mass., are offering a block of the
first mortgage 4 p. c. gold bonds of 1903 at 87}£ and interest.
—V.
June 30—
1904
1903
From
77, p. 628.
Eae ton (Pa.) Consolidated Electric Co.— Instalment.— The
directors on Tuesday called for the payment of an instalment
of $5 per share (10 p.c.) on the capital stock, payable $3 50 on
Jaly 15 by holders of record on Jnly 11 and $2 50 on Sept. 15
This will make the
by holders of record on Sept. 10.
$1,500,000 stock (par of shares, $5C) 40 p. o. paid.— V. 78,
p. 2011, 1781.
consolidated company, which was referred to last
has made a mortgage to the Fidelity Trust
Co. of Newark as trustee to secure $3,500,000 of general mart
gage 5 p. c. bonds dated May 2, 1904, and due May 1, 1954.
Of these bonds |50\0C0 have been issued and are outstanding,
$1,000,000 are reserved for improvements, and the remainder are reserved to retire at or before maturity an t qual
amount of bonds of the constituent companies described last
week and also $75,000 notes of the East Jersey Street Ry.
The new general mortgage covers 60*78 miles of trolley line.
Compare V. 78, p. 2884.
This
new
week
(p. 2384),
Fonntain- Warren Traction Co., Danville, Ind. —Mort
gage.— A mortgage to secure $1,450,000 of 5 p. c. bonds has
been filed to the Farmers Loan & Trust Co. of New York as
trustee. The bonds are dated Jan. 1, 1904, and are due July
1, 1934. The road is projected to run from Danville, Ind., to
Covington, Ind.; a contract for oonstruotion of 48 miles is
reported to have been let. The President is Charles McCate
Augustus Seton & Co., No. 79 Wall
of Crawfordsville.
Street, are interested.
Hocking* Valley Ry.— Subsidiary Company Increases Capital Stock.— See Sunday Creek Coal Co. under "Industrials"
below.— V. 78, p. 989, 702.
Huron & Ontario (Electric) Ry.— Thomson, Tilley & Johnston, solicitors for the company at Toronto, announce that
application will be made to the Canadian Parliament for
authority to issue bonds, debentures or other securities to
the extent of $20,000 per mile instead of $10,000, and to extend the time for commencing and completing construction.
Illinois Central RR.—Line to Indianapolis. See Indianapolis Southern Ry. below.— V. 78, p. 1497, 989.
—
Indianapolis Southern
Ry.— Probable
Control by Illinois
an agreement has
been made for the merger of the Efflagham division of the
Illinois Central RR., extending from Efflagham, III., on the
Central's main line, to Switz City, Ind., 88 miles, with the
110-mile road which the Indianapolis Southern is building
from Indianapolis to a oonnection with said branch at Sullivan, Ind. The consolidated line, it is stated, will be known
as the Indianapolis Southern Ry. Co., and be controlled by
the Illinois Central, affording that company conneotion with
the city of Indianapolis. Chief Engineer T. H. Hazelrig of
the Indianapolis Southern Ry. Co. is quoted as saying:
Central.
—Indianapolis advices state that
It 1b true that the deal has been closed; that the details are being
arranged now, and that the Illinois Central is to enter Indianapolis
The Indianapolis Southern Is to be reorgan zed, and, with the merging
of the Effingham division of the Illinois Central, is to become a road
of 178 miles In length that will be known as the Indianapolis Southern, and will be operated by the newly-organiz 3d Indianapolis Southern Railway Go. We are to have a dlreot and fast line between In
dlanapolle, Memphis. New Orleans and other Sonthern points. We
expect to nave through trains running by Jan. 1, and we have ample
funds to push the construction of the road and for the rebuilding of
the Effingham divlslom.-V. 77, p. 510.
Iowa Central Ry.— Sae Burlington Monmouth & Illinois
River RR. above.— V. 78, p. 768.
Lake Erie & Western RR.— Dividend Reduced.—The semiannual dividend to be paid on July 15 will, it is announced,
be only 1 per cent, contrasting with 2 p. c. each half-year
from July, 1900, to January last, inclusive. The Lake Shore
& Michigan Southern owns $5,980,000 of the preferred stock,
along with $5,940,000 common. Referring to the decrease in
earnings, shown below, which necessitated the reduction in
the dividend, a director said
:
This deoreaso in earnings in largely aocounted for by the fact that
during the month of January, February and March the severity of
the winter and congestion of traffio made serious Inroads on the
earnings of the property.
The
weeks' stoppage of freight service on the Great
is supposed to have been another con
tributinar cause, the road having termini at Michigan City,
Ind., on Lake Michigan, and at SanduBky, O., on Lake Erie.
Statement for Half- Year.— Earnings for the six months
ending June 30 (partly estimated in 1904) were :
6mo$end'g
Gross
Net
Fixid
Dividends
Batanee,
June 30- earnings, earnings, charges, onyreferred. surplus
1904
$2,319,133 $463,908 $334,375 (1%) $118,400
$1,133
six
Lakes by the strike
1903
2,447,744
Vol. lxxviii.
Balance
for stock.
$17,096,000 $3,713,000 $9CO,000 $2,400,000 $2,273,CO0
17,020,882 3,858,952 840,000 2,340,000 2.358,952
dross
earnings.
Net
earnings,
Other
ihcome.
Fixed
charges.
the balance as above were paid dividends amounting
to $1,978,660 (4 per cent), against $1,731,328 (3J^ p. c.)in 1903,
leaving a surplus of $294,340 in 1904, against $627,624 in 1903.
Operating expenses include expenditures for new equipment,
additions and betterments, viz., $1,730,000 in 1904, against
$2,189,734 in 1903— V. 78, p. 19J4, 1446.
Manchester (N. H.) Traction Light & Power Co.— New
Power Plant at Oarvins Falls.—The "Engineering Record"
in its issue of May 28 had an illustrated article describing
the new hydro-electric power plant which this company is
building on the Merrimac River at Bow, N H, The plant,
which includes a dam 550 feet long and 22 feet high, replacing an old and smaller dam, is designed to furnish from
4,500 horse-power at low water (say three months of the
1
Elizabeth & Raritan River (Electric) Rj.— New Bonds —
—V
6 mos end'g
i
672,808
334,375
(2)236,800
1,633
78, p. 1443.
Lake Shore Electric Ry., Ohio.— Accident.— The recent
accident on this company's line involved, it is stated, a property loss of only about $3,000 and claims against the company for death and injury estimated at not exceediug
$40,000. The company for some months past has been carrying an injury and accident fund, which will be used to meet
the loss sustained.— V. 78, p. 48.
Lake Shore & Michigan Sonthern Ry.— Statement for
Half- Year.— Earnings for the six months ending June 80
(partly estimated in 1904) were:
to 6,000 horse-power as a maximum, supplying the
company's street railway and light and power system. The
plant is to be completed about Aug. 1st, 1904. — V. 76 p. 1355.
Mansfield (0.) Ry. Light & Power Co.— Directors. —At a
meeting on June 8 the board of directors was changed from
11 to 5 members, the new board including:
year)
Leopold and Rudolph Kleybolte and W. D. Breed of Cincinnati, H.
M. Byllesby and A. S. Huey of Chicago. [Byllesby was re elected
President; Huey, Vioe-Presldent, and Breed; Secretary and Treasurer.]
-V.
76, p. 810.
Michigan Central RR.— Statement for Half Year.— Earnings for the six months ending Jane 30 (the figures for 1904
being partly estimated) were
6 mos. end'g
Gross
Fixed
Net
June 80—
charges
earnings
earnings
1904
$10,155,000 $1,645,000 $1,260,000
1903
11,253,604
1,864,985
1,252,473
fixed charges include rental of Canada
V. 78, p. 1907, 1778.
The
Minneapolis
—In
&
St.
Louis
RR.— No
Divi-
Balance,
dends.
surplus.
$374,760 $10,240
374.7C0 237,752
Southern
Dividend on
Ry.—
Common
connection with the declaration of the regular
semi-annual dividend of 2% p. o. on the preferred stock, it
was announced on Tuesday that thejcommon stock, which has
been receiving dividends since 1900, the rate from Jan. 1,
1902 to Jan. 1, 1904, having been 5 p. c. per annum, would
receive no distribution at this time. This decision, it is
explained, is due to the loss in gross earnings which the
company has experienced for two seasons by reason of the
discontinuance of the traffic agreement with the Rock Island
and of the shortage of crops, and the reduction in net earnings last winter by the severe weather. —V. 78, p. 2885.
Nashville & Mississippi Delta Ry.— See Southern Railway below.— V. 75, p. 666.
Newton (Mass.) Street Rj.—New Bonds.— The Massachusetts Railroad Commission has authorized the issue of $250,000 5 percent bonds due July 1, 1918, to pa? Abating debt incurred for construction and new equipment.— V. 77, p. 2098.
New York Central & Hudson River RR.— Bonds Oversubscribed.— The $10,000,000 4 per cent debenture bonds
offered by J. P. Morgan & Co. were largely over- subscribed,
a considerable block being taken for foreign account.
Terminal Company,—The New York State Realty & Terminal Co. has been incorporated at Albany with $100,000
capital stock, in connection, it is understood, with the terminal improvements in New York City. Directors:
William K. Vanderbllt, William Rockefeller, Samuel F. Barger, J.
and
Pierpont Morgan, James Stlllman, Hamilton McK Twombly
Chaunoey M. Depew.
To Meet Trolley Competition. Orders have been issued to
the company's ticket agents, chiefly in Central and Western New York, to reduce local passenger fares where the
road comes into competition with trolley lines to the basis
adopted by the trolley companies, and in some few cases below their rates. Additional trains will give a servioe approximating that of the trolley companies.
Advance Statement for Fiscal Year.— See p. 2488.— V*. 78,
Stock.
—
p.
2335, 2384.
New York
State Realty
& Hudson River
& Terminal Co.— See New York
RR, above.
Norfolk & Western Ry.— Bond!
Central
Issue Approved.—The
shareholders yesterday approved the proposition to authorize
an issue of $35,000,000 40 year gold bmda to be*r interest
not to exceed 4 p. c. Sea circular in V. 78, p. 1549, 1907.
North Chicago Street
RR.— See
Chicago
Unnn
Traction
Co. above.— V. 78, p. 2385, 769, 288.
Northern Securities Co.— Oflaial Circular.— Under date
of June 11 a circular with the name of President J. J. Hill
attached explains the status of the litigation which delays
the distribution of the company's assets and tha money received by it as dividends. The circular says :
A circular recommending reduction of the oapltal stock of this oompany and a ratable distribution of its railway shares as surplus assets
was Issued Maroh 22, 1904. Shortly thereafter Messrs. H*rrlman and
Pleroe and the OreRon Short Line RR. Co. petitioned the Ciroult Court
for the District of Minnesota for leave to intervene in the suit of the
United States against this company, asking that this company should
deliver to them $78,108,000 stook of the Northern Paclflo Ry. Co.
(part of the common assets of this company) Instead of their ratable
proportion of suoh assets as proposed by your directors In that circular.
The Court denied the petition. About the same time another
suit on similar grounds was brought against this company in the
Court of Chancery of the State of New Jersey by the Continental
Securities Co., Olarenoe H. Venner, President, fn this suit an lDjunotlon was asked foroiddlnK the holding of your special meeting oalled
for April 21, 1904. The Court refused to grant the Injunction, holding
that this oompany had title to the atooks of the Northern Paoltto and
—
June
——
A
THE CHRONICLE.
18, 1904.]
Great Northern Railway Companies, that their proposed distribution
was in conformity with the laws of New Jersey (the State In which
this oompany Is incorporated), and in no way violative of the deorees
of the United States Courts.
On the 20th April. 11-04, Messrs, Harriman and Pleroe and the
Oregon Short Line Railroad Company began another suit against
this company in the Circuit Court of the United States for the
District of New Jersey, on grounds, and making olaims, similar to
those in their application in the State of Minnesota. In this oase there
has been a hearing on plalntlftV motion for a preliminary injunction
to restrain this company from parting with the particular stock
claimed by them. An early decision on this motion Is expeoted. The
special meeting of stockholders was held April 21, 1904. Those present, representing nearly 75 per cent of the oapltal stock of the oompany, unanimously adopted resolutions reducing us stock to $3,954,000, and providing for the ratable distribution of its railway shares as
surplus assets recommended by your directors In the olroular of
March 22, 1904. The Northern Paoiflo and Great Northern railway
companies deolared, at the usual dates, quarterly dividends of l\ per
oenton their respective shares, payable May 2, 1904, to those persons
in whom the title to such shares shall b-t found to vest. Cash to pay
these dividends has been set apart and deposited in bank for that
purpose by both railway oompantes and payment thereof will Immediately follow the distribution and formal transfer of the railway shares.
Your company is advised that the earnings and inoome of the railway
oompanles in which It is interested as a stockholder continue satlsfaotory.-V. 78, p. 1550, 1497.
RB.— Sale of Stock.— R. L. Day & Co. will
sell at auction in Boston on Jane 22 the $462,500 new capital
stock. See V. 78, p. S335, 1962.
Old Colony
Penobscot Central RR. of New Haven.— Ilolding Company. This company was incorporated on June 11 under the
laws of Connecticut to control for the benefit of the bondholders the property of the Penobscot Central (Electric) Ry.
of Bangor, Me., the interest on its bonds being in default.
—
The authorized
capital stook (nominal) is $2,000. The incorporators are William H. Newton ot Wallingford, Conn.;
holding 20 shares; Patrick J. Cronau of New Haven, 19;
Samuel C. Morehouse of New Haven, 1.— V. 74, p. 478.
P«re Marquette RR. Community of Interests.— Toledo
Terminals.— 8ee Cincinnati Hamilton & Diyton RR. above.
—V.
78, p. 2385.
Pittsburgh Virginia & Charleston Rj.- Consolidation.—
This company, controlled by the Pennsylvania RR, Co., has
called a meeting of its shareholders for June 29 to vote on
the purchase of the franchises, corporate property, rights
and credits of the Monongahela & Washington RR. Co. Substantially the entire capital stock
($550,0C0)
of
the
last-
2443
Terminal Railroad Association of St. Louis.— Case ReThe Supreme Court of Missouri having denied a motion for a rehearing in the quo warranto proceedings, brought
to prevent the company from doing business on the ground
opened.
—
that it is a combination of competing railroads forbidden
by the State Constitution, Attorney-General Crow has filed
an amended petition alleging that the company is operating
parallel lines between St. Louis and East St. Louis and maintaining the so-called bridge arbitrary, thus being engaged in
The original bill charged the company
inter- State traffic.
merely with operating parallel lines in the city of St. Louis
and elsewhere in the State of Missouri. The Supreme Court,
sitting in banc, on June 10 made an order giving the company 80 days to reply to the amended bill.— V. 78, p. 1908,
1393.
Toledo Railway & Terminal Co.— Tenants— Sale of Bonds.
—See Cin. Hamilton & Dayton Ry. above.— V. 77, p. 770.
Union Pacific RR.— Subsidiary to Issue Preferred Stcck.
—See Southern Pacific Co. above.
Syndicate.— The syndicate which underwrote the 5 per
cent notes of 1903 has been dissolved after receiving a small
distiibution by way of profits. The report in the daily press
that some of the 4 p. c. participating bonds of the Oregon
Short Line RR. which were pledged to secure the notes have
been sold is incorrect, they being still held as oollateral. V.
—
78, p. 1893, 1276.
Wabash-Pittsburgh
Terminal
Ry.— Further Facts.—
&
Toledo syndicate, recircular sent out by the Pittsburgh
ferred to last week, the managers being George Gould,
Joseph Ramsey Jr., Louis Fitzgerald, James H. Hyde and
Myron T. Herrick, gives additional information regarding
the status of thi3 company and the application of its new securities.
The amount expended by the syndicate
to Oct. 1, 1903,
construction, the purchase of the controlling interLake Erie stock, the acquisition of
est in the Wheeling
terminals, etc., was $17,202,640; the estimated amount
required to complete the work in progress, Inoluding lines in
Pittsburgh to connect with the Union RR., the South Side
freight house spur and the Allegheny
Daquesne way
branches was $12,510,742. This makes a total of $29,718,382,
or practically $30,000,000, which was, or is to be, provided
as follows: (1) Syndicate subscriptions paid in full, $20,000,000; (2) sale cf firet mortgage 4 p. c. gold bonds of the Terfor
&
&
named company is owned by the Pennsylvania RR. Co. the
road is 14^ miles in length.— V. 78, p. i03.
minal Company, $10,000,000.
Rochester (N. Y.) Railway & Light Co.— Consolidation.—
The securities of the Terminal Company, and the purposes
Under this title were merged on June 12 the Rochester Gas for which they can be issued, are as follows:
& Electric Co, and the Rochester Light <fc Power Co. The (1) First mortgage 4 per cent gold bonds, dated May
;
capital stock is $11,000,000, of which $4,500,000 is preferred,
cumulative, dividends at the rate of 4 per cent per annum for
the
first
two years and
5 per cent per
annum
thereaf rer, and
$6,500,000 of common. Compare plan in V. 78, p. 1782. The
holders of more than $2,000,000 of the $2,500,000 oommon
stock of the Rochester Railway Co. are reported to have assented to the plan. The directors of the new company were
named in V. 78, p. 2012, 1782.
Southern Pacific Co. Preferred Stock.— At a meeting of
the directors on Wednesday the board approved a plan
for the authorization of $100,000,000 of 7 p. c. non-cumulative preferred stock, of which $40,000,000 will shortly
be offered at par pro rata to the holders of the existing share
capital, viz,, $197,849,227 common stock, of whioh the Union
Pacific Railroad Company owns $90,000,000. The proceeds,
$40,000,000, will be used to pay the company's floating
debt, which is held chic fly by the Union Pacific RR. Co.,
and to provide for further capital requirements. A meeting
of the shareholders to act on the proposition will probably be
held next month.
On Thursday President E, H. Harriman gave out the
following:
The total issue to be authorized is $100,000,000 7 p. c. preferred stook, of which $40,000,000 is to be offered to stockholders at par. The new stock is redeemable at 115 at any
time between July, 1905, and July, 1910. The proceeds will
provide for all the floating debt of the company; also expenditures authorized or contemplated during next year. Tnere
will be left upwards of $30,000,000 of free and negotiable
securities in the treasury of the company. The plan will
enhance the credit of the company and enable it to refund
its bonded obligations falling due during the next three years
The plan provides for converting the new preto advantage.
ferred stock into common stock of the company, share for
share, at option of the holder.
New Subsidiary Company— The Inter-California Railway Company has been incorporated in California with
$4,302,000 of authorized capital stock, to construct in
the interest of the Southern Pacific Co. extensions in San
Diego County, Cal., and in Mexico.— V. 78, p. 2385, 1448.
10, 1904, ai d due June 1, 1954. without option of
earlier redemption, secured by a first mortgage to the
Mercantile Trust Co. of New York, as trustee, cover-
the property of the Terminal Company now
or hereafter acquired with the proceeds of
the bonds, including Its 60 mile line from Jewett,
Ohio, on the Wheeling & Lake Erie, to Pittsburgh,
the new bridge over the Monongahela River, and
the extensive terminals In Pittsburgh, and further
seonred by deposit with the trustee of the controlling
interest in the Wheeling & Lake Erie (see below) and
by the radio and trackage contract between the
Terminal Company, the Wabash RB. Co. and the
Wheeling & Lake Erie RR. Co. [This contract was
First
described in the Chronicle last week, p. 2386
coupon is for one year and is doe June l, 1905. Total
authorized bond issue limited to
$50,000,000
Of which to Pittsburgh & Toledo syndicate in partial liquidation of syndioate partlolpat'ons
13,400,000
To Wabash RR. Co. In exohange for $6,000,000 cash
and aforesaid trufH a contract
6,600,000
Reserved for use from time to time as required to finish all Improvements in Pittsburgh and the Pittsburgh district now in progress and according to existing plans
5,000,000
Reeerved for new property, extensions, etc., under
oarfully guarded restrictions, including a oovenant
by the Terminal Oompany not to issue more than
$35,000,000 of said bonds until after the Interest is
being earned and regularly paid npon botn the first
and seoond mortgage bonds
25,000,000
(2) Second mortgage 4 per cent 50 year gold bonds enInterest
at
the
rate
of
4
per
cent
per
annum
titled to
to June l, 1910, inolufive, if earned, and thereafter
fixed-charge bonds. Total amhorlzedUsue limited to. $20,000,000
Of which appropriated partially to liquidate Pittsburgh & Toledo syndioate participation
18,500,000
For expenses of syndioate, management, eto
1,500,000
stock,
all
owned by the Wabash RR. Co.,
(3) Common
having been issued for a like amount of V? abash RR.
oommon stook, which was distributed to the syndioate, as stated in the Chronicle last week, p. 2386. $10,000,000
ing
all
owned
t
J
Two lots of the first mortgage bonds are reported to have
been sold at 88, but the greater part of the first mortgage
bonds distributed to the syndicate, it is expected, will be
held by Vermilye & Co. and Blair & Co., under their proposition noted last week.
Control of Wheeling & Lake Erie.— The company's controlling interest (51-73 per cent) in the $37,000,000 capital
stock of the Wheeling & Lake Erie, pledged as part security
for the bonds above stated, inoludes the following amounts
Southern Ry. Acquisition — On June 1 this company
was to take over the operation of the Nashville & Mississippi of stock of the several classes:
Delta Ry., extending from Okolona to Vardiman in Calhoun
WHEELING A LAK.B ERIE STOCK OWNED BY TERMINAL COMPANY.
County, Miss. (Compare V. 75, p. 666.)— V. 78, p. 2385, 1448.
Total issue.
Amount owned.
Otass of stock—
$20,000,000
$11,870,000
Springfield & Xenia Ry.— Pre posed Successor Company.— Common stock
6,423,800
12,000,000
This company was incorporated in Ohio recently witn nomi- Seoond preferred stock
5,t00,000
847,500
First
nal capital stock ($1,0X0) as the proposed successor of the
Springfield-Xenia Traction Co. No reorganization plan, it is
stated, has as yet been perfected. The incorporators include Harrison B, McGraw and others.
Springfield & Xenia Traction Co.— See Springfield &
X°nia Ry. above.— V. 77, p. 2391.
preferred stock
-
Total
—The
$37,000,000
$19,141,300
connecting the road with the
Wheeling & Lake Erie, and through it with the Wabash system, was completed on Jnne 18. It is expected that the road
will be formally opened on Jane 19.— V. 78, p. 2386, 1908.
Construction.
link
—
THE CHRONICLE.
2444
[Vol.
Lxxvm.
Wabash RE.— Subsidiary Line.— See Wabash-Pittsburgh purchased the remaining $500,000 of the recent issue of
$1,000,000 of 6 per cent gold bonds,
Terminal Ry. above.— V. 78, p. 2386, 1963.
The company is a Maine corporation, organized In 1901 and owning
(The) West Chester Street Ry M Pennsylvania .—Status. 99i«
p. o. of the capital stook ($2,000,000) of Bingham Oopper & Gold
18
—This company, incorporated Aug. 4, 1890, is operating
Mining Oo. and 447,437 out of 500,000 shares of Sampson Mining Co.;
miles of trolley road extending from Lenape through West also smelter, 35 patented claims, lnoludlng Dalton & Lark, and
Chester to Downingtown and G-allagherville, Pa., and is equipment, In Salt Lake and Juab oountles, Utah, eto The bonds are
secured on the aforesaid property and stooks by mortgage to the Fedbuilding two extensions aggregating 16 miles, which it ex- eral Trust
Co. of Boston, as trustee, and are dated April 1, 1904. and
pects to complete by July 1, 1904. viz, Lenape to Kenneth due April 1, 1914, but subject to call on any Interest day on 30 days'
Square, 10 miles, and Gallagherville to western limit of notice at 105 and interest, at option of company, and convertible,
The company's author- 9 for $, into stock at option of holder. Denomination, $1,000; interCoatesville, 6 miles; rails, 70-lb. T.
est payable Oot. 1 and April 1 at ollioe of trustees. Sinking fund beized capital stock is $1,000,000, of which |350,000 is outstand- gins in 1906 and requires payment of $1,000,000 in specified annual
ing, all of one class; par of shares, $50. A mortgage made sums before 1914. "No prior Hens remain outstanding." The capital
•
to the West End Trust Co. of Philadelphia, as trustee, secures an issue of $1,000,000 of 5 p. c. gold bonds of $1,000
each, of which $350,000 are outstanding. These bonds are
dated Aug. 1, 1902, and are due Aug. 1, 1932, without option
of earlier redemption; interest payable Feb. 1 and Aug 1 at
the office of the trustee. There are no underlying liens outstanding. The earnings for the year 1908 are reported as
follows: Gross, $49,776; net, $21,390; intere t and rentals,
$17,500; balance, surplus, $3,890. The President is Meyer
Schamberg; Secretary, Jonas Rice; Treasurer, John W.
stook Is $10,000,000 (par of shares, $50), of which 92,500,000 is in
the treasury. The bonds were issued chiefly to pay for properties aoqulred last year and to take up $300,000 old debenture bonds, all of
which, we are Informed, have been retired. The oompany is treating
20,000 tons of ore monthly. No dividends paid as yet. President,
E. L. White; Secretary, W. J. Freeman; Treasurer, O. E. Weller. Eastern office, 60 state St., Boston. Compare V. 73, p. 289; V. 72, p. 823.
Commercial Union Telephone Co., Troy, N. Y.— New Mortgage.—This company has made a first consolidated mortgage
to the Troy Trust Co., as trustee, to secure $1,000,000 of 5
p.c. gold bonds, denomination, $500 and $1,000. These bonds
are dated April 30, 1904, and are due July 1, 1964, without
Woodside.— V. 75, p. 186.
option
of earlier redemption. Of the authorized issue, $549,Traction
Union
West Chicago Street RR.— See Chicago
500 is reserved to retire existing bonds of companies abCo. above.— V. 78, p. 2386, 769.
sorbed. The interest is payable January and July at office
Wheeling & Lake Erie RR.— Exact Amount of Stock of trustee. Of the $800,000 capital stock, $300,000 is 6 p. c.
Owned.— See Wabash-Pittsburgh Terminal Ry. above. V. non-cumulative preferred; par of shares, $50; there is out-
—
78, p. 2886, 2386.
INDUSTRIAL. »A8 AND MISCELLANEOUS.
Allouez (Copper) Mining Co., Keweenaw Co., Mich.—
—
An assessment of $8 per share was levied on the
capital stock, under date of May 12, payable $1 50 on May 26
by stockholders of record on May 25; and $1 50 on Sept. 26 by
stockholders of record Sept. 24. This will make the 100,000
shares of $25 each $22 25 each, paid in. The prooeeds will be
used for further development work. Harry F. Fay is President, 60 State St., Boston,
Assessment.
standing $262,500 of each class. The consolidated properties
have, we are informed, 4,300 subscribers. The Rensselaer
Telephone & Telegraph Co. in 1902 made a mortgage to secure $850,000 of 25-year 5 p. o. gold bonds (V. 74, p. 482), and
the Saratoga Telephone & Telegraph Co. a mortgage to seoure $125,000 of 5 p, c. 25-year gold bonds (V. 74, p. 1041).
The New Union Telephone Co. of Glen Falls also made a
mortgage securing $110,000 bonds. The officers of the new
corporation are: President, John T. Christie; Secretary, W.
Levis Burk; Treasurer, Peter McCarthy.— V. 78, p. 2014.
Crimora Manganese Co., Staunton, Va.— Mortgage.— The
company has mortgaged its mining property in Augusta
(irnphophone Co.— New Stock. The capital
County, Va., to secure $250,000 bonds.—V. 69, p. 1150.
stock has been increased from $3,000,000 to $5,000,000, onepreferred
and the remainder common. The new
half being
Eastern Steel Co., Pottsville, Pa.—Bond Issue. A dipreferred will rank equally with the existing preferred. rector is quoted as saying:
There are no present plans for the issue of the new stock be"I understand that the management proposes te issue $2,000,000 of
yond the faot that holders of the $500,000 coupon notes re- convertible debenture bonds, and Very Preston, our President, and
cently sold are offered the privilege of exchanging the notes some of his associate's, have about oonoluded arrangements for placlittle
ing these bonds. There are no other bonds on the property.
at par for the new preferred stock at par. The company is over $1,000,000 of the prooeeds will be used to complete the addiabout to establish a factory in London for the manufacture tions to the plant in the dlreotion of enlargement now In course of
of records, but has no present plans for the issue of new construction. The balance wiU be held In the treasury as working
oapltal."
stock in that connection. V. 78, p. 1551, 1225.
It has been rumored that the company would build a 28 -inch
American Pneumatic Horse Collar Co.— Judgment.— In beam mill to "supplement the two 15-inch structural steel
this city on Tuesday a judgment for $26,960 was obtained mills now ready for operation, and possibly two open-hearth
ogainst the company by George E. Relyea on three notes of furnaces in addition to the present four." Of the capital
the company made in August and December last. The City stock when increased, as proposed, from $5,700,000 to $9,Bank of Battle Creek in April last obtained a judgment for 400,000, there will be reserved no doubt $2,000,000 to pro$9,298 on a note of $9,000 dated Sept. 8, 1908. Compare V. vide for the convertible feature of the new bonds.
V. 78. p.
—
American
—
1
—
—
73, p. 1209, 84.
2014, 1225.
—
American Telephone & Telegraph Co.— Output. The outEldridge & fliggins Co., Wholesale Grocers, Columbus,
five months ended Ohio.— New Stock— Properties Acquired. — This company on
put of instruments for the month and
May 31 were:
.
Gross ontpnt (number)
Net output (number)
Total outstanding
—V.
Month.
>
1904.
1903.
103,897
52,176
102,066
69,251
,
5 months.
1904.
1903.
>
508,372
512,456
305,326
319,504
4.084,843 3,469,824
78, p. 1963, 1500.
—
American Window Glass.— New Treasurer. Third VicePresident Tbomas F. Hart has accepted the position as
Treasurer, and it is rumored may shortly be promoted to the
presidency.— V. 78, p. 2013, 1551.
Annapolis (Md.) Water Co.— Called Bonds.—This company's 5 p. c. $500 bonds, Nos. 11 to 20, both inclusive, will
be redeemed on July 1 at the Farmers' National Bank of
Annapolis, Md. Harry J. Hopkins is President. The company's capital stock is $61,450 and its bonded debt $30,000 (after July 1 $25,0C0); $30,000 of the stock is owned by the
State of Maryland and $10,000 by the City of Annapolis.
Arizona Copper Co. Subdivision of Shares.— In London
on May 25 the shareholders voted:
To subdivide each preferred ordinary and deferred ordinary share
of £1 each in 10 four shares of 5s. each, and to alter the articles of
April 21 filed at Columbus. Ohio, a certificate of increase of
capital stook from $500,000 to $1,250,000. The company
has secured by purchase large wholesale groceries in ColCo.), Dayton, Mariumbus. Cleveland (Ross, Sprague
etta, Zanesville, Jackson, Mansfield, Steubenville, Hlllsboro and Findlay, Ohio, and has options on stores in
other cities, the intention being to have a chain of stores in
all the large distributing points in the State.
Chas. C. Higgins of Columbus is President.
&
Emljn Iron Works, East Chicago, 111.—Receiver.— At
Chicago on June 13 Judge Kohlsaat of the United States
District Court appointed the Equitable Trust Co. receiver
for the company upon the petition of the Chicago National
Bank. The liabilities are placed at $150,000 and the assets at
The company's rolling mills (annual capacity,
$100,000.
40,000 gross tons) have not been in operation since Jan. 1.
Empire Coal Mining Co.— Status.— There was recently
advertised to be sold at auction in this city one of this company's first mortgage gold bonds due April, 1981. This bond
had coupon of Apr., 1902, attached, but we are authoritatively
association so that shareholders shall be entitled to one vote for every informed that the company has never defaulted on its interfive "A" preference shares, one vote for every £2 preference stook,
est coupons and that it has enough money in the treasone vote for every four preferred ordinary shares and one vote for sury to pay the next coupons that will become due.
The
every four deferred ordinary shares.
prospects of the company are considered good.— V. 72, p. 991.
The outstanding capital stock is: Preference stock, 7 p. c,
Fremont (Ohio) Power & Light Co.— Mortgage.—This
cumulative, £316,580; preferred ordinary stock, £316,530;
incorporated in Ohio in April last, with $350,000 of
company,
deterred ordinary stock, £68,440. There was also at last
stock, has filed a mortgage to the Westaccounts £14,768 debenture stock and £169,570 terminable authorized capital
Bank of Chicago, as trustee, to secure
Trust
Savings
ern
&
debentures. The Arizona & New Mexico Ry. is owned.— V.
$350,000 of 5 p. c. 20 year gold bonds. The company pro369.
67, p.
poses to establish a large power plant on the Sandusky River,
Aztec Land k Cattle C:— Reduction of Stock.—The share- near Fremont. Henry Boozer of Waterloo, Iowa, is the chief
holders adopted on Jnne 9 the resolutions calling for a re- promoter. The President is Frank Heim; Secretary and
duction of the capital stook from $963,100 to $96,810, as Treasurer, David B. Love, Fremont, O.
stated in V. 78, p. 2886.
The bonds are dated May 1. 1B04, and are due May 1, 1924, but subfieanmont (Tex.) Irrigation Co.— Mortgage.— This com- ject to oall on [or after (?)] May 1, 1914, at 105. Denomination,
payable Nov. 1 and May 1 at Ohloago. Sinking fund,
pany recently tiled a mortgage to secure $150,000 of 40-year 8 #1,000; Interest
$10,000 yearly; first payment due Nov. 1, 1905. No prior liens. Par
per cent bonds.
value of shares, $100. Has acquired all the franchises and property
the Oreager Power Co., Helm & Baaman Power Co. and Tuoker
Bingham Consolidated Mining & Smelting Co.— Bonds of
Power Co., and holds options on flowage rights. Claims to hold conSold.
Hornblower & Weeks of Boston and New York have tracts for power and light to a total of $70,000 per annum.
—
:
June
—
:
—
——
:
THE CHRONICLE.
18, 1904.]
Gallon (0 ) Water Works Co.— Receivers,— Judge Toblaa
on May 2 appointed M. J. Breeze of Galion and C. W. Wiles
of Delaware receivers for the company, on application of
David S. Gray, of Columbus, a creditor. Plant built in
1882-84.
Stock, at last accounts, $100,000; bonds, 6 p. c,
$70,000.
2445
Lake Superior Corporation.— Payment of Overdue Courons.— The Provident Life & Trust Co. of Philadelphia will
pay on presentation the following overdue coupons:
Overdue Ooupom.
$160,000 Dec, 1803; June,'04
Total Bonds.
Tagona Water & Light Co. 1st M. 6%.
Michigan Lake Superior Power Co.
3,500,000 Nov., 1903; May ,*04
1st M., 5 p. o. (V. 69, p. 336)
Georgia Tar & Manufacturing' Co.— Trustee.— The Savan- -V. 78, p. 2388, 2337.
nah Trust Co. has been chosen as trustee to dispose of this
Lehigh Power Co.—Payment on Bonds.—The Central
property. The receiver, it is stated, will shortly be dis- Realty Bond & Trust Co., 59 Liberty Street, New York, is
charged.— V. 78, p. 1894, 290.
now paying upon presentation the amount decreed by the
Gulf Refining Co.— See (J. M.) Guffey Petroleum Co. court as payable on each $1,000 bond from the proceeds of
the foreclosure sale, namely, $101'12 on each bond, with a
under "Annual Reports" above.
Houston Oil Co.— Receivers' Certificates.— Coupo '».—The December 1, 1902, coupon attached. This coupon, however,
receivers on June 10 applied to the Federal Court at Galves- has a separate value of $2 49 if detached from the bond.— V,
ton for authority to issue receivers' certificates for the payment of interest due Feb. 1, 1904 [and interest thereon], upon
the $6,925,126 of timber certificates.— V. 78, p. 1785, 1500.
Indianapolis (Ind.) Gas Co.— Decision. The Supreme
Court of Indianapolis on May 31 entered an order dismissing
the appeal of the suit that was brought several years ago to
compel the company to continue in the natural gas business,
and for that purpose to sink 25 additional gas wells. The
Court says
It is a matter of general knowledge that natural gas within the territory of field in question, as formerly controlled by appellees, no
—
longer exists in quantities sufficient to furnish the inhabitants of Indianapolis with fuel for heating purposes; consequently, the sinking
of additional wells In such territory under the oiroumstanoes would be
useless. Certainly a Court will not compel the performance of a useless aot.—V. 78. p. 50.
78, p. 823, 345.
Manhattan Fire Alarm Co.— New Stock.—The shareholders voted at the office, No. 19 Barclay Street, June 16, to increase capital stock from $500,000 to $700,000 by raising the
common
stock from $400,000 to $500,000 and the preferred
to $200,000; par of shares, $100.
William F.
from $100,000
Allen
is
President.
Manufacturers' Fuel Co.— New
&
Massachusetts Gtas Companies, Boston.— Dividends of Subsidiary Companies.
favorable decision having been obtained in the Bay State Gas Co. suit, which hitherto has prevented the payment of dividends by the four "Addicks companies" taken over early in 1903, those companies, as well as
the other companies controlled by the Massachusetts Gas
Companies, have declared dividends payable on June 30. The
amount of these dividends (understood to be semi-annual)
and the sums which tbe Massachusetts Gas Companies will
receive therefrom (compare pages 1731-1732 of Railway
Industrial Section) are approximately as follows :
DIVIDENDS DECLARED BT SUBSIDIARY COMPANIES.
—A
International Mercantile Marine Co. Extension of Rate
War. — The unaettlement of steerage rates on the North
Atlantic, which was precipitated by the contract of the
Cunard Company with the Hungarian Government, was extended this week to the Liverpool service, tbe Cunard outting its price on oertain of its vessels to $15 and on others to
$12 50, the latter prise being met by the White Star Line.
The Cunard Company also offered to pay the railroad exBegun.
penses from Paris, Hamburg, Antwerp or Rotterdam to Liv- Boston...
Roxbury
erpool of first and second cabin passengers who travel by the Bay State
Cunard steamers.— V. 78, p. 2384, 2387.
South Boston
Isabel Coal £ Coke Co.— Mortgage. A mortgage has been
Total
made to the Kanawha Banking & Trust Co. of Wheeling, as
—
trustee, to secure $225,000 bonds.
The company was incorporated in West Virginia on July 27, 1903,
with $50,000 oapltal stock; incorporators: T. O. Beury, H. L. Prltohard, J. R. Seal, Q. T. Thayer. Offloe, Charleston, W. Va.
Kansas City (Mo.) Gas Co.— Balance Sheet.— The company's balance sheets of April 80, 1904 and 1903, were published last week, but owing to an oversight in this office an
erroneous footing crept in for the assets of 1904. The total
of the several items given should be $10,086,281, not $9,964,280, as printed.— V. 78, p. 2382.
Kelly Ax Manufacturing Co.— New Plant.— President
William C. Kelly is quoted as saying
I am on my way home from Charleston, W. Va., where I have been
starting work on a plant In which my brother, J ames P. Kelly, and I
will Invest $2,000,000 oash, for the manufacture of axes and other
steel and Iron articles of merchandise. The municipality has donated
us 53 aores; the structure will be of briok and steel and fire proof
throughout. The nataral gas supply In tbe Alexandria (Ind.) district
la diminishing so rapidly that we will remove oar entire plant from
there to the West Virginia field, beginning in July. Our new plant will
have a capacity for turning oat 12,000 axes a day, besides other
products, and will employ 3,000 men regularly. We have been employing from 700 to 800 men at Alexandria for many years. Charleston,
W. Va., is the ideal spot, to my mind, for manufacturing; being on
the Kanawha River, 52 miles from its confluence with the Ohio
Biver, it gives water transportation to all the West and South, and
affords the cheapest and best quality of fuel ooal, while it is also
in the midst of the greatest nataral gas belt la the world; via the
new
Iron RR., when completed, connecting with the Wabash Into
Pittsburgh, we will have exceptional facilities for getting ia ore.
—V. 77, p. 2393.
Coalfcfe
(Julius) Kessler & Co., Distillers, Chicago, 111.— New
Stock,— This West Virginia cor poratio a, having headquarters
in Chicago, has increased its paid-up capital stocfc from
12,000,000 to $3,500,000, all of one class; par of shares, $100,
The company owns
Grand
&
P. ct. Jo Mas3. Gat.
5
5
5
3
$124,850
29,965
99,965
13,149
$267,929)
P.ct. loMass.Oa*.
Usual.
Mass. Pipe Line Co.. 1*4
Brookllne Co
%**
Jamaica Co
Dorchester Co
2*a
2'-*
Total
$12,500
49,965
6,250
12,940
$91,655
$349,584
total
The Massachusetts Gas Companies will therefore receive
nearly $350 000 from its operating companies on June 30.
An official of the several companies was recently quoted
Practically our ^entire time since we entered into the control of the
so-called Addicks oompanles has been devoted towards placing the
organization of these corporations on a strictly business basis. For
instance, the surplus of the Boston Gas Light Co., as given in the return to the Gas Commission, was about $4,000,000, but this was a
book surplus only, and as against It many thousands of dollars of bad
debts were being carried as good assets. No charges of consequence
for depreciation were made, and the physloal condition of the various
many instances had reached a point where expenditures for
replacement were absolutely necessary.
We have already oharged off over $200,000 and expended large
sums of money on improvements, with the result that we will start
the new fiscal year on July 1 with a olean sheet. The oompanles have
been put in a oonditlon where a profit oan oe made legitimately, and
we are after business.—V. 78, p. 1965, 1449.
plants in
Michigan Lake Superior Power Co.— Interest Payment.
See Lake Superior Corporation above.— V. 76,
—
p. 708.
Michigan State Telephone Co. New Line.— Tb« company
recently acquired from the Pere Marquette RR. Co. the
right to operate telephone lines over about a thousand miles
of right of way controlled by that company.
President W.
A. Jackson is reported as saying:
At the end of the year there will be upward of 70,000 subecribers
connected with onr system, an Increase of more than 15,000 for the
year. Our trunk lines are completed to Saginaw, and we are building
from St. Joseph north. On the Pere Marquette our lines will reaoh
out into the State, and in the upper peninsula we have secured the
same rights on the Dulnth South Shore <fe Atlantic— V. 78, p. 1909,
1552.
Montreal & Boston Consolidated Mining & Smelting
Consolidation. — This company has been incorporated
Co.—
Kentucky
in fee six distilling plants in
all free from bonds, mortgages or
and one in Baltimore,
other incumbrances. President Julius Kessler has an office
at 63 Park Row, New York.
Keystone Telephone
Name.— See Weaver Coal
Coke Co. below.
Co.,
Philadelphia.— Negotiations-
—For
the purpose of paying the
company's rather burdensome floating debt (a loan of $1,300,000, secured by $2,500,000 bonds, is said to mature next
month), there has recently been talk of selling the subways
to a new company, which should establish an electric-light
and power business, giving the Keystone a long lease of
Electric Lighting Project.
subway space to cover its telephone requirements.
The new company, it was said, would be known as the Commonwealth Electric Co. and be authorized to issue $5,000,000
or $6,000,000 capital stock, George R, Sheldon of New York
and John M. Mack being interested. On Thursday there was
a rumor that Thomas Dolan and John Wanamaker had acsufficient
quired a majority of the stock of the Keystone Telephone
Co.—V. 78, p. 1226, 227.
Lake Steamers. Strike Ended.—The strike for better
wages, which since about April 1 had tied up the freight
traffic on the Great Lakes, was declared off on June 14. The
following statement was given out at Cleveland:
The Masters' and Pilots' Association have concluded that it would
be good policy at this stage of the game, owing to existing conditions
over which we have no control, to advise oar captains to go to work
and make the most of a bad situation.—V. 78, p. 2015.
under the laws of Ontario with an authorized capital of
$7,500,000, in shares of the par value of $5, as a consolidation
of the Montreal & Boston Copper Co. and other companies
per plan outlined last week. See V. 78, p. 2338.
Morse Iron Works & Dry Dock Co.-Sold.—At the bankruptcy sale which took place on Thursday under an order of
the United States District Court, dated March 10, the prop-
was bid in by John F. Cadigan for $50,000, subject to
mortgages held by the Washington Trust Co of New York,
Title Guarantee & Trust Co. and Hoffman House, New York,
and amounting, it is stated, to $510,000. The creditors, it is
erty
said, will join in the reorganization,
—V. 78,
p. 2837.
New
Jersey Iron Mining Co., Dover, N. J.— Dissolution.
company, whose property and old machinery were
recently purchased by Joseph Wharton of Philadelphia for
$25,300, has called a meeting of its stockholders for June 20
—This
to dissolve the corporation.
New York & Texas Land
shareholders
Co. Reduction of Stock.— The
have voted to reduce the capital stock from
$1,200,000 to $!, 050,000 by reducing the par value of the
shares from $40 to $85, through the payment in cash to the
stockholders of record on May 18 of $5 per share, Payments
are being made on presentation of stock certificates at the
office of Robert Winthrop
Co., No. 40 Wall Street,
York.— V, 66, p. 88.
&
New
— —
;
THE CHRONICLE.
2440
Norway Iron &
Steel Co., York,
Pa.— Mortgage.— This
in Pennsylvania in March, 1900, with
$200,000 capital stock, of which $!00,000 has been paid in. has
Trust Co. of York,
made a mortgage to the Security Title
as trustee, to secure an issue of #200,000 six per cent first
mortgage gold bonds. The proceeds will be used for addiThe foundry, with capacity of
tions, improvements, etc.
from 20 to 40 tons per day and a ten-ton open-hearth steel
furnace, produces steal and grey iron castings, including fish
plates, rail braces, switch and signal castings, etc.. and also
architectural castings and structural iron work. Officers:
President, W. F. Bay Stewart; Vice-President. J. W. steaoy; Secretary, H. H. Weber; Treasurer, C. C. Friok; Exeoutlve Committee,
W. F. Bay Stewart, J. W. Steaoy and H H. Weber.
company, incorporated
&
Ottumwa (la.) Telephone Co.— Sale.— The stockholders
recently instructed the trustee, who has been in possession
of the company since last November, to sell the plant at private sale. Tuis action is attriouted to the failure of one of
the leading stockholders and the transfer of his stock to interests who do not care to continue in the telephone business.
Philadelphia Electric Co.— Possible Competitor.— See
stone Telepnone Co. above.— V. 78, p. 2332, 1553.
Key
Pittsfleld Coal Gas Co.— New Stock.— The Massachusetts
& Eleotric Light Commission has authorized the issue
of 600 shares of capital stock at $115 per share, to pay floating debt incurred for extensions and to provide for further
Gas
additions.— V. 77,
p. 801.
Oainey Granite Quarries Co.— Plan.— The reorganization
committee, Theophilus King, Chairman, 301 Equitable
Building, Boston, has presented a plan of reorganization
which provides for the incorporation of a new company
under New Jersey laws with a capital of $500,000 first mortgage 5 per cent 5-20 year gold bonds, $1,000,000 5 per cent
cumulative preferred stock and $750,000 common stock.
Present holders of first mortgage bonds ($312,100) will receive new preferred shares, dollar for dollar, provided they
pay in cash 20 per cent of the par valne of their bonds, for
which cash payment they will receive an equal amount of
the new bonds. Terms are also offered to holders of secured
and unsecured notes to a total of $905,400. Depositary and
Trust Co., Boston.— V. 78, p. 2888.
trustee, American Loan
&
Saratoga (N. Y.) Telephone
& Telegraph Co.— 8ee Com-
fYOL. LXXVIIL
United Fruit Co.— Increase in Dividends.—The directors
on Tuesday voted to increase the regular dividend rate from
6 p. c. per annum (1 p. c. extra was paid at the end of the
fiscal years 1902 and 1903) to 7 p. c. per annum, the official
statement being as follows:
It was Toted to recommend that the dividends
be at the rate of 7 p. o. xnd that the distribution
for the ourrent year
of dividends for the
ourrent year be adjusted by the declaration of a dividend of 2 p. c,
payable July 15 to stockholders of reoord at the oloie of business
June 30, 1904.
New Stock.—The directors also voted to issue about £ 2,000,new stock, offering the same to shareholders of record
000
June 30 pro rata at par at the rate of X% shares for each 10
shares held on that date. "This will enable the holders of
convertible bonds to exohange their bonds and become entitled to subscribe for the new stock if the exchange is
"
effected on or before June 30, 1904
President A.
W.
Preston
is
quoted as saying:
This new Issue of stock has been underwritten at par. The proceeds
will provide our treasury with suttlolent working capital for our Increasing business. Stockholders Instead of the banks loan the money
to the company, and the company will now have sufficient money
on hand for improvements and betterments needed. With the Increase
in our business It takes more money to turn the business over, and
this requires greater working capital.
We are acquiring new properties all the time and preparing for the
Inorease In our business. The United Fruit Co. has between $1,000,000 and $1,500,000 tied up in the Northern By. of Oosta Rica, whloh
represents advances made by the United Fruit Go. for the building of
the Northern Railway, for whloh no bonds have been plaoed with the
public This money should be released In three or four months.
The United Fruit Oo. has been in business less than five years, yet
within that time 39^ p. c. has been returned in dividends to stockholders (including the 2 p. o. declared June 14). We have shown our
ability to pay an average of 8 p. o. dividends per annum during these
five years and oarry Si. 000,000 each year to surplus, besides putting
$500,000 per annum into betterments and charging them to operating
expenses.
"Jamaica, which was supposed to be the baokbone of the
banana industry, has been paralyzed since last June. We
have gone through tne worst winter for 25 years, and
yet we are $400,000 ahead in our earnings this year over last.
Our May earnings were $606,000 exclusive of sugar and our
English business, being the largest May earnings in the history of the company."
Conversion of Bonds.—The 5 p. c. convertible bonds of
1901 are, it is stated, being quite rapidly exohanged for
stock, about $500000 of the issue ($4,000,000) having been
turned in prior to Thursday. See option above. —V. 78, p. 291.
United Salt Co.— Status— Judge Tilden in Cleveland on
June 14 declined to remove Judge A. W. Lamson from the
Slogs-Sheffield Steel & Iron Co.— Earning ».— The results receivership, as asked by some dissatisfied creditors.
On
months ending May 31, 1904 (May estimated), April 22 Judge Tilden ordered the receiver to sell the propfor the 3 and
mercial Union Telephone Co. above.—V.
74, p. 1041.
were:
erty,
3 months ending
Net
May 31—
earnings,
1904 (estimated)
1903 (actual)
6 months —
$278,485
607,980
and
Preferred
Balance,
taxes,
dividend.
surplus.
$60,000
60,000
$114,000
114,000
$104,485
433.980
480,914
1903-4 (estimated)
1902-3 (actual)
Total surplus
Interest
120,000
228,000
132,914
120,000
228.000
892,592
31, 1904 (estimated), $2,448,746.— V. 78,
1,240,592
May
p. 1171, 1165, 1114.
and,
future.— V.
it
is
said, the sale will
take place in the near
77, p. 2843.
& Construction Co.— Plan Operaadvertisement announces that more than a majority of the entire capital stock of the United States Realty
Construction Company has been deposited under the readjustment plan (V. 78, p. 2019), which is therefore stated to
United States Realty
tive.
—An
be operative.
&
The successor company, the United States
Realty & Improvement Co., has been incorporated under the
Southern Car k Foundry Co.— Sale of Plant.—The plant laws of New Jersey, with $30,000,000 of capital stock, all of
at Lenoir City, Tenn., was recently sold to Moore & Schley one class, in shares of $100, of which $16,459,417 is issuable as
of New York for $60,000, and about July 1 will be trans- consideration or partial consideration for the shares of the
ferred to the new interests. V. 78, p. 1171, 587.
old company, and the remainder, $13,506,000, will be held to
Southwestern Slate Manufacturing Co., Mena, Ark.— provide for the conversion privilege of the new bonds. These
This Arkansas corporation, which in August, 1902, increased last will be 20-year 5 per cent gold debentures, issue limited
to $18,506,000, being deliverable as part consideration for the
its authorized capital stock from $5,000,000 to $10,000,000,
has recently filed a certificate restoring the same to the old pref stock, It is expected that the new certificates and
former amount. Of the stock as reduced, $50,000 (sic.) is bonds will be ready for delivery on or soon after July 1.
common and $4,950,000 is preferred; par value of share?, $25. Stockholders who wish to participate should deposit their
The company owns 1,560 aores of land in Pope and Mont- stock on or before July 1 with the New York Security
gomery counties, Arkansas, and is engaged in quarrying and Trust Co,, New York, or with the Illinois Trust & Savings
manufacturing red, black and green slate. "No bonds out- Bank, Chicago.— V. 78, p. 2019.
standing and no debt exceeding $8,000," President, N. B.
United States Realty & Improvement Co.— New SecuriVan 81yke, Madison, Wis Secretary, A. Danville; Treasurer, ties.— See United States Realty & Construction Co. above.
R. M. Quigley.
V. 78, p. 2019.
Spring Valley Water Co.— Listed in San FrancUco.—The
United States Telephone Co. Loan.—This company has
San Francisco btock Exchange has listed $3,000,000 of the arranged to borrow $150,000 for eighteen months to increase
authorized issue of $20,000,000 general mortgage 4 p. c.
the capacity of its plant. In May last the holders of the
bonds.—V. 78, p. 992. 987.
ontstanding bonds were asked by the oompany for a ninetySunday Creek Coal Co., Columbus, O.— New Stock,— This day option on their holdings, with a view to the sale of the
company which, having passed under the control of the Hock- same in block. The plan of establishing a pool agreeing not
ing Valley Ry. in 1901 (V. 72, p. 87), reduced its capital stock to sell the bonds at less than oar before Feb. 1, 1905, is unfrom $4,000,000 to $B75,000, has now filed a cei tificate in derstood to have been abandoned. V. 78, p. 1227, 1221.
Ohio with the Secretary of State increasing its stock from
Weaver Coal & Coke Co. New Name— New Directors.—
§375 000 to $1,750,000, of which $1,500,000 is preferred.— V. The shareholders last week voted to change the name of the
75, p. 1208.
corporation to Manufaoturerers' Fuel Co. and elected the
Sweetser, Pembrook & Co.— Liquidation.— A dividend of following directors
50 p. c. is currently reported to have been paid this week to
President, C. 8. Roberts; Vloe- President, C. A. Blokett; Treasurer,
the company's creditors. The auction sale is supposed to W. N. Holme?; Beoretary, W. A. Green; Martin B. Madden, Thomas
have realized, roughly, about $800,000, while $130,000 worth Gahan, Otto Young, H. A. Gardner and A. B. Harper.
John W. Gates, S. W. Allerton, F. O. Lowden, B. F. Wilof goods is said to have been sold at private sale.
V. 78, p.
cox and Henry E, Weaver have retired from the board, the
1966, 1913.
Tagona Water & Light Co.— Coupons.— See Lake Superior last named some time ago. V. 78, p. 774.
Corporation above.
—J. Willet Hall, 25 Broad St., offers for sale Poughkeepsie
Tennessee Coal, Iron & RR.— Reports of Experts.—The
showing made by the reports of the experts who examined Light & Power 5s, due 1914, and PouRhkeepsie Light, Heat
the mineral properties of this company, the Sloss Iron & & Power 5s, due in 1921. He also deals in Southern Pacific
Steel Co. and the Southern part of the Republic Iron & Steel rights and Lackawanna Steel stock.
Co. have proved so unsatisfactory to the several interests
—The Coal & Iron National Bank of this city, which
that the chances of the proposed consolidation going through opened for business April 11 last, publishes its first statement
are considered small.— V. 78, p. 2009, 1166.
in our advertising columns.
—
.
&
;
—
—
—
.
June
.
.
THE CHRONICLE.
18, 1904.]
2447
COTTON.
2£kc (frtfmwjeraal ^itwjes*
Friday Night, June
COMMERCIAL EPITOME,
Friday Night, June
The general business
17,
1904.
situation has undergone few changes.
In nearly all lines of merchandise a quiet condition of trade
has been experienced. The close of the first half of the
calendar year is at hand and the usual custom of taking
account of stock is beginning to take the attention of many;
this has a tendency to add to the general quietness prevailManufacturers in some lines are increasing stocks on
ing.
hand, but as there is a general disposition to take an optimistic view of the business outlook for the second half of the
year, goods are not being forced for sale, and as a general rule
a steady basis of values exists. Crop indications have con-
tinued generally promising, indicating good yields.
Lard on the spot has been quiet, demand from both refiners and exporters being light, but there has been no especial
pressure to market supplies, and prices have held to a fairly
steady basis, closing at 7"10o. for prime Western and 6-35@
6*50c. for prime City. Rjfiaed lardhas been quiet but steady,
closing at 7'15c. for refined for the Continent. Speculation
in lard for future delivery has been moderately aotive. Prices
advanced but subsequently reacted under profit-taking sales.
The
was
quiet.
DilLT OLOSIHO PRIOBB Ot
close
gni.
jQlydel'F
Afnn
677ifl
6-95
687i«
LABD f DTUBBB
fur*.
6-72i«
as indioated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reaohed 13,504 bales,
against 14,418 bales last week and 20,415 bales the previous
week, making the total reoolpts since the 1st of Sept., 1903,
7,022,618 bales, against 7,563,574 bales for the same period of
1902-3, showine: a decrease since Sept. 1, 1903, of 540,953 bales.
at—
Receipt*
Pt.Arthur.Ac
New Orleans.
»
CHICAGO
IkMrt
6'72i«
682i«
W*&.
wa9
June
firmer.
Aug
Raw
6-iOc.
6-lOc.
6-20o.
Bept
Pot
6'35o.
.—....-. 6-450.
6-55o.
344
686
430
260
263
209
......
......
......
......
......
1,583
16
1,788
6,251
•m
......
53
7
53
3,093
723
1,138
1,001
Mobile
Pensaoola, Ao.
•*•
1
6
......
......
......
398
10
156
294
806
1,434
Brunsw'k, Ac
......
......
......
......
......
......
Charleston ....
Pt. Royal, Ao.
6
250
25
......
......
......
......
......
Wilmington
......
......
15
8
....
......
......
......
......
......
.
Wash'ton.&o.
Norfolk
N'p'tNews.Ac.
317
21
8
766
6
96
441
63
S3
......
•••
......
......
......
51
184
50
325
34
48
15
•••••
......
46
31
608
99
46
51
2,978
1,211
8.597
13,504
•• •«
week.
36
......
127
20
Phlladelp'a.A©
Tot. this
2,192
..•«••
»••
Boston
Baltimore
1,644
2,295
1.779
The following shows the week's total receipts, the total since
and the stocks to-night, compared with last year.
Receipt*
Following are the closing asked prices:
July
Total.
......
Deo
March
1902-03.
1903-04.
tri.
680
$10 for family and $13@14 50 for extra India mess In tcs.
Stearines have been
Tallow has been quiet and easy.
J
in better demand and steady at 7 4 c,for lard stearine and
Cotton seed oil has been dull and un6c. for oleo stearine.
changed at 28>£@29c. for prime yellow. Butter has been in
light demand and prices have weakened to 13@18c.for creamery. Cheese had a better sale and prices closed steadier at
5^@8c. for State factory, full oream. Fresh eggs have weakened to 17>£@18c. for best Western.
Brazil grades of coffee have been firmer. Cable information from Brazil has reported the crop now being gathered
yielding poorly, and this has had a strengthening influence,
prices making a moderate advance, dosing at 7^c. for Bio
No. 7 and 8c. for Santos No. 4. West India growths have
been in fair demand and firmer, closing at 9c. for good Cucnta and 10^c. for good average Bogota. Speculation in
the market for contracts has been more active at advancing
The unfavorable crop news from Brazil has atprices.
tracted buying by outside interests for investment account.
close
In.
Thurs.
Sept. 1, 1908,
sale at steady prices, closing at $8 for mess, $9 for packet,
The
Wed.
Tius.
if on.
Sat.
Galreston.
to
June 17
6-90
705
690
700
6*97>s
Pork has had a moderate export sale locally and at steady
Galveston...
prices, closing at $14@14 50 for mess, $12 50@14 50 for short
Pt.Ar.,Ao
clear and $14@14 50 for family. Cut meats have been in fair New Orleans
demand at steady to firm prices, closing at 6>£@6%c. for Mobile
pickled shoulders, 8^*390. for pickled hams and 6%@7c. for P'aaoola, Ac,
pickled bellies, 14@10 lb. average. Beef has had a moderate Savannah...
Sept. del'y
17, 1904.
The Movement op the Chop
6-65o.
6-95o.
Nov
May........
710c
sugars have sold slowly and prices have yielded
slightly for spot supplies, closing at 3 27-32c. for centrifugals,
96 deg. test, and 3% j. for muscovado, 89 -deg. test. Refined
sugar has been quiet and unchanged, exclusive of a special
price made by Arbuckle Bros, to West Virginia and Ohio,
closing at 4'80c. for granulated. Other staple groceries have
been quiet.
business in Kentucky tobacco has been quiet, but
there has been a moderate call for deliveries on old purchases. Seed-leaf tobacco has had a moderate sale at steady
prices, Sales for the week included 1903 crop Connecticut
broad-leaf and flits; also 1902 crop Wisconsin and 1902 crop
Pennsylvania broad- leaf. Sumatra tobacco has been in good
demand and firm, Havana tobacco has been firmly held for
desirable grades.
Straits tin has been easier and prices declined under bear
pressure from foreign interests, closing at 25'87^@26'20c.
weaker market has been experienced for copper, and large
export sales have been made for forward shipment at lower
prioes, closing at 12^@12^c. for Lake and 12^@t2>£c. for
electrolytic.
Lead has been quiet at 4'20@l'30c. Spelter has
been steady at 4 -800. Pig iron has been quiet bnt steady at
$14 25@14 50 for No. 2 Northern and $13 O0@13 25 for No. 2
New
A
Southern.
Refined petroleum has declined, closing a f 7*95s. in bbls.,
10'65c. in cases and 5 -05c. in bulk.
Naphtha has been unchanged at 12'40c. Credit balances have been easier, closing
at l'57c. Spirits turpentine has been quiet but steady, at
Rosins have been higher, closing at $3 15 for com56>£c.
mon and good strained. Wool has been in fair demand and
firm for new clips. Hops have been steadier.
Br'wlok, Ao.
Charleston..
Since Sep.
1, 1903.
This
week.
2,192 2.331,555
100,929
6,251 1,951,567
7 196,935
53 133,677
3,098 1,130,257
5,369 2,089,383
58 153,438
8,661 2,259,745
42 210,326
272 155,385
889 1,292,338
317
120,760
154,843
130,622
209,503
1,282
21
321,125
337
329,383
387
505,071
22,721
35,058
97,771
44,513
26,213
Ac
P. Royal,
Wilmington.
Wash'n, Ao.
Norfolk
N'portN.,Ao
New York...
Boston
Baltimore. .
Philadel.Ae.
Stock.
Since Sep,
1, 1902.
Thi*
week.
336
766
468,561
21,070
16,623
29,895
29,761
14,042
608
99
46
51
1,064
82
596
804
268
220
1904.
13,604 7.022.6181 17.772 7,663,574
Totals.
1903.
8,664
11,959
115,013
55,560
802
1,570
30,920
11,671
1,636
223
243
482
313
2,442
1,483
62,882
8,676
162,804
636
848
7,000
1,023
1,839
227.996
255,668
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipt*
at—
GaTves'n, Ao.
New
Orleans
Mobile
Savannah
1903.
1904.
2,192
6,251
6,369
8,719
7
42
889
...
3,093
Ohas'ton, Ao.
Wllm'ton, Ao
317
Norfolk
766
N. News, Ao.
All others...
2
1,064
32
857
1,655
18,504
17,772
Tot
this
wk.
21
1901.
1902.
2,243
7,024
41
6,876
1900.
15,792
21,672
3,080
6,034
1,293
5,326
282
782
116
2,972
8,774
1,111
113
805
941
1899.
52
49
617
87
8,714
699
818
4,859
2.105
3,503
5,529
11,125
18,648
50,060
15,507
26,779
212
498
Since Bept. 1 7022,618 7563,574 7347,955 7264,527 6396,769 8296,065
The exports for the week ending this evening reach a total
of 37,222 bales, of which 9,200 were to Great Britain,
to France and 28,022 to the rest of the Continent, Below
are the exports for the week and since Sept. 1, 1908.
Week Ending June 17 ,1904.
Exported to—
Export*
from—
Great
Brit'n.
_
France
3,610
Orleana..
Mobile
Penaaoola
Savannah..
1,801
Brmniwlok
••••
•
3,180
32,847
36,086
......
63
200
68
300
......
Charleston....
Port Royal....
Wilmington...
Norfolk.
N'port N., Ac.
.....
..«•••
....
1,560
2,667
UM1
......
1.841
670
854
1,024
600
600
4,227
....
cu
16.889
17,
1904
COMtinent.
TotaL
717.897 1,826,815
78,317
90.438
621,348 1,638,875
68,807
119,710
66,794
129,701
577,920
816,866
7,824
92,125
48,055
43.055
73,299
0,850
834,458
2,393
200
3,644
80,931
159,617
2,558
243.631
100,833
55,729
33,0i5
87
3,649
6.065
37,777
1
3.746
43,088
314,607
6.137
6,205
430.109
106,898
93,506
41,791
43,109
37,228 2,446,670 686,321 2,665,200 5,798,191
9,200
Total. 1002-03.
June
......
......
Philadelphia..
1903, to
792.820 816,619
17.116
766,899 253,428
87,680 16,308
60,216 18,691
181,037 66,399
84,901
••••••
-
-an Fran.,
1,
Exported to—
8,841
•
..
Sept.
Conti- lotal
Great
France
nent.
Week. Britain.
PUArthur, Ac.
New
From
1,798
14.98S
88,683 8,792.415 759,863 2,998,506 fi.550.783
.
.
.
.
THE CHRONICLE.
2448
*
Barrow*. Produce Exchange Building
OH SHIPBOARD, HOT OLKABBD JOB—
June 17 at—
Btr-
Other
Ooatt-
Sr\lai>\ Wr'nee
mant
Wor'gn
\e\it.
10.032 11,002
4,171
6.183
Br tat
New
Orleans.
Galveston.. ..
Savannah..
Charleston
Mobile
Norfolk
450
2,060
647
1,384
800
300
i'soo
Other ports
88.083
4,820
30,620
1,635
"ibo
11,482 11,002
Total 1904..
6,183
4,381
3,126
2.317
6.912 17,656
12,030
3,719
Total 1903..
Total 1902.
1,000
6,571
3,731
1,727
4,079
I
235,213
330,168
20,455
35,492
Speculation in cotton for future delivery has been fairly
active, but for the week prices show a considerable decline.
Immediately following our last review, on continued buying
Iruring,
to cover short sales, prices made a fair advance.
however, the current week, the tendency of values has been
towards a lower basis. The buying which developed at the
close of last week larerely eliminated the existing short interWeather conditions in the South have
est in the market.
continued to be reported quite generally as favorable for the
growing crop, and this has created more aggressive operations on the part of the bear interests. Daring the latter
part of the week New Orleans bull interests were reported
becoming discouraged over the situation, due to the favorable
cutlook for the growing crop, and were sellers to liquidate their
accounts. Another factor that operated against the market
was the continued dulness of the demand for actual cotton,
both spinners and exporters being reported difficult to interTo-day there was a moderately active and lower marest.
ket.
Liverpool advices were weaker than expected, and
selling for the account of discouraged speculative holders to
liquidate long contracts continued. The close was steady at
8b@35 points lower for this-crop deliveries and 5@17 points
down lor the next-crop months. Cotton on the spot has declined, closing at 11 '70c. for middling uplands.
The rates on and off middling, aa established Nov, 18, 1908,
by the Revision Committee, at whioh grades other than
middling may be delivered on oontraot, are as follows.
fair.
Even
....... ........~c. 1-30 on Good Middling Tinged ..0.
Middling Fair .„._ ...... 096 on Strlot Middling Tinged.... 006 ofl
8trlot Good Middling... ... 0*62 on Middling Tinged
012 ofl
0-44 on Strict Low Mid. Tinged... 084 ofl
Good Middling
.
II
MM
o© ce ©co ©to oo
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©00 MCO ex to
C© ©ob
too «JCX exex «co ©
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a
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9
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toco
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©6 ©o
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co*©ex ©© ©00
oo co
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9
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•
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Strlot
..
.
11-85 11-40 11'40 1110 1100 10-70
12 47 1202 12 02 11-72 11 62 11-32
1285 12 40 12 40 1210 12 00 1T70
13 29 12-84 1* 84 iz 54 VZ 44 12 14
13-81 13-36 13-36 13-06 12-96 1266
Good Ordinary
Low
Middling
Middling
Good Middling
Middling Fair
GULF.
Good Ordinary.
12 10
12-72
13 10
1j 54
14 06
Low
Middling..
Middling
Good Middling.
Middling Fair..
STAINED.
Low
Middling
Low
Middling Tinged..
Good Middling Tinged....
Th. Frl.
1165 11-65 11-35 1126 1095
12-27 1227 1197 11-87 11 57
12 65 12 6S 1235 1225 11-95
13*09 1*09 la-79 12-t)9 1239
113-61 13-61 1331 18-21 12-91
j
Won
Sat.
Middling.
8trlct
Hon Tues Wed
Sat.
Wed
lue*
Th. Frl
11-35 10 90 110-90 10-60 1050 1020
12-35 11-90 11-90 11-60 11-50 11-20
1261 1206 12-06 11-76 11-66 11-36
12-85 12-40 12-40 12-10 12 00 11-70
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Ihb Visiblb supply op uotton to-night, as made up ny
»ble and telegraph, is as follows, Foreign stocks, as well
u the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening,
3ut to make the total the complete figures for to-night
June 17), we add the item of exports from the United States,
aoluding in it the exports of Friday only.
0*60 ofl
014 oft- Low Middling Tinged.
038 off Strlot Good Ord. Tinged... 084 ofl
Strict Good Ordinary .
072 off Middling Stained
050 ofl
Good Ordinary
.. l'OO ofl Strlot Low Mid. Stained... 106 ofl
Strlot Good Mid. Tinged..
30 on Low Middling Stained
150 of
On this basis the official prices for a few of the grades for
the oast week— June 11 to June 17— would be as follows.
sioeka1Llverpool__balea.
gtoek at Lonflon.__.____
UPLANDS.
Sat. tlon Toes We* Th. Frl.
Low Middling
Low Middling
York.
1-tP-
189,026
38,969
II
I
94 2
62,482
4.642
1,500
400
600
.
New
ttoth.
802
"ibo
closing prices at
Ltavinp
Total.
. .
New York
Vol. Lxxvra,
.
31,935
3,834
..
|
Futubeb.—Highest, lowest and
In addition to above exports, our telegrams to-nlgbt also
give ai the following amountt of cotton on shipboard not
cleared at the porti named. We add similar figure* for
Mew York, whioh are prepared for our special use by Messrs,
Lambert
'
1904.
588,000
10,000
atock at Manchester. .... ..^-.
4 3.000
Total Great Britain stock. 591,000"
snook at Hamburg
23.000
>t,ook at Bremen
....„ 197,000
dtook at Antwerp ....... ..
4 ooo
4took at Hav re.... ~«.
156.000
.. M
3took at Marseilles.... ........
3,000
11000
1902.
908,000
12,000
54,000
640,000
920 000
1903.
575.000
1901.
691,000
10,000
701,000
18.000
23.000
226,000 129,000 151000
6 000
5.000
6,000
147,000 142.000 161,000
3000
3.000
4.000
•took at Barcelona
3 0.000
21,000
50,000
34,000
Jtook at Genoa..^
45.000
36,000
7,000
38,000
~..^
utock at Trieste . ...^ ..^
16,000
12 000
6.000
17,200
„
Total Continental stooks
464.000 480.000 360,000 433,200
r<i«ai Knropean stocks_ 1,056.000 1.120.00C 1, 2*0,000 1,134,200
India ootton «float for Europe 146 000 151,000 109.000
82,000
Ainer. ootton tfloatf or K'rope.
95.000 175.000
73.000
88,000
EtT pt. Brazil, %o.,aflt. for E"pe
14,000
25,000
18.000
82 000
»ndrla, Egypt... 126.000
89 000 148.000
8t> ok in A
38,000
Stook In Bombay, India.. ..... 503.000 699,000 495 000 616,000
Stock In United states ports.. 227.995 255,668 365,655 419778
Stock in U. S. interior towns.. 129. "99
55,430 135 982 307,922
15,476
United States exports to-day.
17.214
4,092
8,527
i'oiai - isibla aapply
2.303,108 2,429 190 2.610 164 2.912,376
Of the above, totals of American ana other descriptions are as louows:
21000
M
^
.
The quotations
middling upland at iSew York on
June 17 for eaoh of the past 83 years have been as follows.
1904. ...0 1170 1896. ...o. 7%
1888. ...0 1013 16 1880.. ..0 12
1903
1250 1896
113 la 1879
127 18
7>4
1887
9B 10
8 Hi
1902
1901
1900
1899
1898
1897
tor
1894
1886
1885
1884
1883
1882
1881
1878
ll»i
lOifl
1877
11 •%
9l M
]2i«
1S92
Ill*
1876
•;»,«
1891 .„»_ 87 16
1875
US>ie
ibH
6», 6
~123 ia
1890
12^18
17 78
1874
Ill,,
1889
11
7-H
1878
21
Notb.—On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
*8C lower than Middling of the old classification.
MARKET AND SALES.
The total sales of ootton on tbe spot eaoh day during the
week are indioated in the following statement, For the
convenience of the reader we also add oolumn b which show
at a glanoe how the market for spots and futures closed on
same days.
7Bi6
7V
9i*3
Amir Haw
410.000 476,000 786,000 561,000
36 000
48,000
Jontlnental stookr. ,.„.. ,„.... 350,000 392,000 312,000 849.000
95.000 175.000
amerloan afloat for Europe.
73.000
88,000
227.995 255 668 365.655 419.778
Jnited States stook
......
55.430 135.982 807,922
(Jolted States Interior stocks. 129.899
16,476
8,627
17.214
4,092
Jalted Snatesexportsto-rt ay
Total Amerloan...... .._ 1.244,103' 1,319,190 1,703,164 l,828,17fl
Baft Indian, Bratil, Ac—
130,000
99.000 122.000
ulTerpool Blook.^..^.... 128.000
12,000
10,000
London stock
10,000
11,000
..............
7,000
6,000
Manchester stook
"84.206
"is'.bbo
114 000
Ajiituientai sboo*s.._ M _..„
88,000
82,000
161,000 109.000
India afloat for Europe ....._ 146 000
32.000
14,000
18 000
„ 25,000
gyp*. Brasll, Me., afloat
89.000 148,000
38.000
Stock In Alexandria, Egypt... 126.000
stock In Bombay, India.. ...» 603 000 699,000 495.000 616 000
907.000 1,084.200
Total East India, Ac.
1.059,000 1.110.000
Total American...—.
1,244,108 1,319 1901,703,164 1.828,176
Total visible snpply.^_ .2,303,108 2,429,190 2,610.164 2,912.376
429 3a d.
4ili«d.
Middling Upland, Liverpool
638d.
6-78<L
8» 16 0.
1 1-700.
12-400.
Middling Upland, New York..
9*4C.
6B ia d.
Sgypt Good Brown, Liverpool 7Hi 6 d. 10l5, 8 d.
7>fld.
7ij 6 d.
10-5od.
-'ern 9. Rough Good, Liverpool
8-75d.
7d.
4iii«d.
43sd.
broach fine, Liverpool. .._„,
6d.
6H&.
rtpnairKiiv Good. 'ji»erpooL..
50 16 d.
4>4d.
4%d.
6%d.
1®* Continental imports past week have been 33,0D0 bales.
The above figures for 1904 show a deorease from last week
of 42,210 bales, m decline ot 126,083 bales from 1903, a decrease
of 307,050 bales from 1902 and a loss of 609,268 bales from 1901.
ulverpool stook
bales.
Manchester stook.......
.
.._
.
SPOT MlBKIT
CLOSED.
Quiet. 70 pts. ad
Saturday
Monday.... wulet, 45 pts. do.
Dull
Tuesday
Wednesday Quiet. 30 pts. do.
Thursday.. jiilnt, 10 pts. do.
Quiet, 30 pts. do.
.
. .
FUTUBBS
Mark
it
t
Olosbd
SjLhBB
OI SPOT
Mm-
Oonlump.
port.
Very steady.
steady
Steady .....
KTiy steady
*26
<fe
UOHTBaO
Oontract.
ibo
*45
802
20
246
802
335
B'rly steady.
.
Tatai.
125
45
20
1,017
100
1,237
June
—
!
:
:
..
.
'
THE CHRONICLE.
18, 1904.]
2449
—
Quotations for Middling: Cotton at Other Markets.
Towns the movement— that is the
Below are closing quotations of middling cotton at Southern
receipts for the week and since Sept. 1, the shipments for the
week and tue stocks to-night, and the same items for the and other principal cotton markets for each day of the week.
At the Interior
corresponding period of 1902-03
xx?: '2W2
*
J.
H
o
ST
a v
o>
gvj m
£
•
;
c
'-
c-
P
S
set out in detail below.
is
Isvs&saSSgtj&Bgs*
B o
^
^y
,BJr2o2.B-6;2gBS2?B3 5
N B o
p.S»
p- m ii^.
C=X S
i^S.s
O S;,
Bar co'St
"
* «
3t
w " Z
O
M3
>
«
.
June
17.
M
K
£::
ry
co
!
!
!
CJt-
:
:
:
;
!
I
.
•
.
12
12i«
12
12
12ie
1158
1134
12
12
12
1215
1285
1
12 25
12-50
12-65
12
U^S
1134
113*
11^
12
12
12
12
12
12
11"«
11%
1158
^»
m;
him
•
;
mct. iu
;
oi
m
OtOW©«-J«<U>M©CO©M©tO
<i
Houston ...
Little Rook
•
•
.
to <»
;
ISCCU<0< »• 0DO1-
The
11»8
1134
l
!
lm
12-25
12-35
11»8
11 78
12
113*
11%
1134
1210
12-10
12-25
1138@ia
1158
1134
1158
1138
113a
ll»e
ll*
Ilia
ma
1200
1175
11 9t
Hie®*
Ilk
115a
11*
11
closing quotations to-day (Friday) at other important
Southern markets were as follows.
«a
Atlanta.
#«•
Louisville
113a
Montgomery
Columbus, Ga. 11
Columbus, Miss 10%
.
©©to
U>XXCCrf-Wrf>-©if'.|fkM©©.- •J-JC*'*'030<kC''aOtOWWv r-T.
12
113*
Ilia
115e
12
12-40
1310
j
i
2-4
Augusta
Louis...
11 78
11 78
1
S ?" H
>—
m
M W
M
m
to
<J©M«3COMMiU-M>OMMOi^lC*-^<IWif*.© *»U<if*COC£><)tOOia>X©M
~> » ©»O>*»©<»C0y5O00^X
.q »- -O ~4 «q ©X © © b5 #> K> © © © pD © 00
or © ©— loV^MC^'ic "m bib><l«3©ao*.";c*»-^J wiVi'to":!: <)©t)i"-i©"^co©
©<i--^^.©oi^ieoo<pf>.c»'Ticc©a'>t-©Wwo©t5toyi©©©i^i^.w<ii-'05
i"»
12
Ilia
123a
1134
12-50
12-65
*m
©nwuip&.^ioiu©!-'
**
«J
Monday. Tuesday. WedUlay Thursd'y Friday.
Baltimore...
Pblladelph'a
St.
ON—
,
Sat'day.
Memphis
w:
CLOSING QUOTATIONS FOB MIDDLING COTTON
I
C£2
on
ill
_,.
Mobile ....
Savannah...
Charleston
Wilmington.
Norfolk
Boston
3
O
-
<B
,
New Orleans
o
So
H
>
:r
a
Hi C2g
H
SB
o
^J5
<
*
_
Weekending
Galveston...
ao
•
©
<1
9
M
o
r.
—
. .
11
*
Nashville
Natchez
11*
Raleigh..
11
Shreveport
lUia
New
highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Orleans Option Market.— The
CO'
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;
;
;
;
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•
•
!
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COCOWOm
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MCOMlt*.
3
!
Sat'day,
~
I
Wl©CO©05©>&-X©tO-OtfKlC*tOaOU'lf».~l^l L*CO
July—
M©©«jWM'j>tn*Mif».if».X'»j»aa>©<ox©(f^tO'-wci'eoM©
MwtoaM©©<i»M*.toi^MN.MW©iiB*'tociy w<ik!m^j
Range
Closing..
June
11.
Monday, Tuesday, Wed' dau, Thursd'y Friday,
June 13. June 14. June 15. June 16. June 17.
1208--96 1202 50 1190--17 1163--96 11-38 -65 10-88--10
12-13--15 11-64-66 11-39--40 1095--96
1208
1246
August—
CO
to
MM
©
lb
M
p.
M
a>:
to!
XX-
tOOM-JUOtOMOWl^WIClbOOittX
to-
M ^
M©
MtOK3XtOMeOXtOMMtOOt<OOJ<l»*<ICOM
On
w
m!
•
cooiocncoMMxatococnxi-coTnto
to
CO
©X
©•
tffc-
tO
.
Range
Sept.
>
tO
IO>CT>C7<X©XtOC;i©atOM
© ©j33 <I CO X «3 #* M © CO X X ® -J
VaV»VMM^a»Ve»V»bMO)HVtouxV*iMyt3Ve))>8boo
tCibMMpb'xceomKjpbifc.woajMMO-. C0Mcc©w<i©*.c*it»H-.t0MibM
»J«l©X-Ci*ktOMCCO<kCRtf!-ife^ X^J
11-43--95 11-31--73 1113--50 10-87- •24 1064- 94 10-28- -58
Range
Closing.. 11-60--81 ll-35--3r 11-30--31 10-88- •89 10-69- •70 10-32--33
1
i
DC
*>•
Octob'b—
Range ..
5?
:
«M»atSib^Jto©©xif»'Meo©©~J'^ — ibcntoif'Oitox©yi©Mtocoxj
?
0=
CK
Mto;
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to
C7I
© © COX©©«3MCO tO
lf^
x©©toceMWrfKyuo©~3.©tooi©©MCo©-
•
!
•
s'«
JPS
x| *om
~iweo»aMMCoo<co<jweoMrfi.<j©Mtoibx;
;
^2:
co:
CO'
©«^fc
to-j-
Dec'meb—
Range ..
p
a
Closing..
M
©
Oi
M
_tO
CO
COM
tO
*kM
;
too
bs c^tyi©bo ©co©&3 "xm "tola Co; ©© x
©CKOMtOl OD|tkM»J<i.©©XtOCOO>COCO*»-lbM; ifkXCOtO
x©wxx- cocotowMOxtoc^icucifMCOM. xco^act-
c»x;
ceo:
©CO-
CO
CO;
I
1
8*
gs
«
<n
-S"
s
!
5
The above totals show that the interior stocks have decrease i during the week 8,145 bales, and are to night 74,469
bales more than same period last year. The receipts at all the
towns have been 2,235 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
We
June
17
and since Sept.
1
in the last
two years are as
June
17.
Since
Week.
follows.
1902 03.
1903-04.
Since
Week.
Sept. 1.
Sept. 1.
—
Shipped
Via St. Louis
Via Cairo
928
501.204
249,749
13.648
118,011
31,t04
194,404
1,047
245
322
284
Via other routes, &o. ...........
2,011
157
1,127
176
374
604
738,008
207,971
29,605
160,161
b6 020
259,001
3,845 1,430,766
2,826 1,108,620
—
Deduct shipments
Overland to N. Y., Boston, &o..
1,383
539
90.221
cO.^O?
95,352
1,015
204,455
45,650
60,491
Total to be deduoted
1,343
216,330
2,406
310,596
Leaving total net overland*..
1,483
892,240
1,139 1,120,170
Inland, Ac, from South
Including
movement by
rail to
8
Canada.
The foregoing shows that the week's net overland movement
this year has been 1,483 bales, against 1,439 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 227,930 bales.
1902-03.
1903-04.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to June 17....
Net overland to June 17
Southern consumption June 17.
j
into sight during week.
48,842
North, s pinners' tak'gs to J'ne 17
Deorease during week.
Movement
Week—
1902 -June 20
1901— Juno 21
1900- June 22
1899-June23
Sept. 1.
17,772 7,563,574
1,439 l,120,r>0
39,00( 1,692,000
56,987 9,627,858 58, 2U 10375744
17,648
*8,<45 118,297*17,970
Total In sight June 17.
*
Siyue
Week.
13,504 7,022,618
892.240
1,483
42,000 1.713,000
Total marketed
Interior stocks in excess
Came
Since
Sept. 1.
t
9,746,155;
10366096
3.867 2,057.336
8,756 2.061.285
Less than Sept.
1.
into sight in previous years.
Bales.
45,900
60,722
39,528
40,334
Since Sent.
1—
1901-02- June 20
lPOO-OI-Juie 21
1899-00— June 22
1898-99- June 23
9-71--90
9-78--79.
9-51--75
9-60--67
9-74-97
990--91
9-59- 88! 9- c 5--75
9-62- 63 9-67--68
9-45--S9
9-45--46
9-40--53
9-45--46
9-34- •44
9-38- •39
9-50--79
9-53--54
9-46--67I
9-38--52
9-38--39
9-34- 46
9-37- 38
9-5 7- •38
983
Easy.
Steady.
Steady.
Steady.
Steady.
9-59--60
9-32- •33
Tone—
Spot,...
Firm.
Options
Quiet.
Quiet.
B'rly st'y
Quiet.
Steady.
B'rly st'y
Weather Reports by Telegraph.— Our
ports
from the South
this
telegraphic re-
evening indicate that as a rule the
weather has been favorable for growing cotton the past
week. At some points, however, moisture would be benerioial, and from a few sections of Mississippi and Alabama
there are complaints of cool nights.
Galveston, Texas. It has rained to an inappreciable extent on three days of the week. The thermometer has averaged 84, ranging from 73 to 85.
Abilene, Texas.— Rain has fallen on one day during the
week, the rainfall reaching four hundredths of an inch. The
thermometer has ranged from 60 to 90, averaging 75.
Brenham, Texas. Rain has fallen on one day of the week,
the rainfall being one hundredth of an inch. Average thermometer 79, highest 91, lowest 66.
Corpus Christi, Texas.— It has rained on two days during
the week, the precipitation being forty-two hundredths of an
inch. The thermometer has averaged 77, the highest being
92 and the lowest 62.
Cuero, Texas.— There has teen rain on one day of the week,
the precipitation being five hundredths of an inch. The
theimometer has averaged 81, ranging from 67 to 95.
Dallas, Texas.
have had rain on three days during the
week, the precipitation reachiEg forty -seven hundredths of
an inch. The thermometer has ranged from 61 to 92, aver-
—
—
— We
aging
77.
Henrietta, Texas.— It has rained on two days of the week,
the rainfall being fifty hundredths of an inch. Average thermometer 83, highest 94, lowest 61.
Huntsville, Texas.—There has been rain on four days the
past week, the rainfall being ninety eight hundredths of an
inch. The thermometer has averaged 78, the highest being
94 and the lowest 63.
Kerrville, Texas.— There has been rain on oeo day of the
past week, the rainfall reaching thirty-one hundredths of an
inch. Thermometer has averaged 73, ranging from 55 to 90.
Lampasas, Texas. There has been rain on one day of the
week, ihe rainfall reaching fifty-two hundredths of an inch.
The thermometer has ranged from 59 to 90, averaging 75.
Palestine, Texas.—There has been rain on one day of the
past week, the rainfall reaching eighteen hundredths of an
inch. The thermometer has averaged 77, ranging from 66 to
—
88.
—
Paris, Texas. We have had rain on one day during the
week, the precipitation reaching eighty-five hundredths of an
inch. The thermometer has ranged from 64 to 96, averaging
80.
40,241
.
10-16--53 1010--44 1O05--24I 9-84--06
1013-14 1017--18I 9*83--84
B
^H
*.
as
ClosiDg..
a
,
1
.
Closing.. 10-47--48
*
Sales.
9,993,228
9,904,686
8,778,968
10,865,321
San Antonio, Texas.— The week's rainfall has been thirty
hundredths of an inch, on one day. Average thermem-ter
78, highest 92,
lowest 64.
Weatherford, Texas. We have had rain on two days of
the past week, the rainfall reaching seventy-three hundredths
of an inch. The thermometer has averaged 78, the highest
being 95 and the lowest 62.
Longview, Texas.—There has been heavy rain on one day
during the week, the precipitation reaching two inches and
—
:
THE CHRONICLE.
2450
Average thermometer 80, highest 95,
forty- six hundredths.
lowest 64.
Luling, Texas.— We have had no rain during the week.
The thermometer has averaged 77, the highest being 91 and
the lowest 63.
New Orleans, Louisiana.—There has been rain on two days
of the week, the precipitation being twenty-six hundredths
of an inch. The thermometer has averaged 79.
Shreveport, Louisiana.—There has been rain on two days
during the week, the rainfall being forty-five hundredths of
an inch. The thermometer has ranged from 66 to 91, averaging 79.
Columbus, Mississippi.— Dry weather has prevailed all the
week. Average thermometer 70, highest 89, lowest 51.
Vtcksburg, Mississippi.— Crops are doing fairly well. There
has been no rain. Tne thermometer has averaged 78, the
highest being 90 and the lowest 66.
Greenville, Mississippi.— As a result of rather cool nights
cotton is somewhat infested with lice.
Greenwood, Mississippi.—The crop Is in good condition—as
near perfect as it is possible for it to be.
Crops are in good fix and doing
Little Rock, Arkansas.
well where they are not overflowed. Dry all the week.
Average thermometer 76, highest 87 and lowest 66.
Helena, Arkansas.—Crops are reported in splendid conhave had rain on one day during the week, the
dition.
rainfall being forty- one hundredths of an inch. The thermometer has averaged 71*2, the highest being 90 and the
lowest 61.
Memphis, Tennessee.— Dry all the week. The weather has
been ideal for cultivating cotton, which is growing rapidly.
The thermometer has averaged 75'5, ranging from 62'7 to 87.
have had no rain the past week,
Nashville, Tennessee.
The thermometer has ranged from 59 to 89, averaging 74.
Mobile, Alabama.—There has been no rain in the interior
and night temperature rather cool. Crop condition is fine,
however, but rain would be beneficial. Bain has fallen on
one day of the week, the rainfall being one hundredth of an
inch. Average thermometer 78, highest 90, lowest 60.
Montgomery, Alabama. The dry weather of the past week
has helped wonderfully. All crops are doing finely; there
are plenty of blooms and present prospects excellent. There
has been no rain during the week and none is needed just
now. The thermometer has averaged 75, the highest being
90 and the lowest 59.
Selma, Alabama,— We hear some complaints of damage
from cold nights. There has been no rain the past week.
The thermometer has averaged 77, ranging from 68 to 93.
Madison, [Florida. There has been rain on one day during
the week, the preoipitation reaching one inch and twentyThe thermometer has ranged from 62 to
five hundredths.
87, aver agin st 73.
Augusta, Georgia. It has been dry all the week. Average
thermometer 72, highest 89 and lowest 66,
Savannah, Georgia. We had rain on three days during
the week, to the extent of one inch and fifty-eight hundredths. The thermometer has averaged 73, the highest
being 89 and the lowest 62.
Greenwood, South Carolina.—It has rained during the
week, the precipitation being sixty-one hundredths of an
inch. The thermometer has averaged 69, the highest being
81 and the lowest 58.
Charleston, South Carolina.— Rain has fallen on three days
during the week, the rainfall reaohing two inches and fiftyeight hundredths. The thermometer has ranged from 59 to
83, averaging 71.
Charlotte, North Carolina.— Conditions are favorable, but
seasonable showers would be welcomed. There has been
rain on one day of the week, the precipitation being twelve
hundredths of an inch. The thermometer has averaged 70,
ranging from 54 to 90.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
—
We
—We
—
—
—
—
8 A. M. Juue 17, 1904,
and June
19, 1903.
June
New Orleans
Memphis
Nashville
Shreveport...
Vloksburg....
...
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
17, '04.
June
19, '03
Feet.
Feet.
13-2
14-8
'23-2
330
4-9
19-3
37-2
5*0
4-6
422
of Alexandria, May
28, Messrs. Choremi, Benachi
Co. write as follows
The crop Is progressing more favorably with the hot weather we
have been having lately, ana no fresh complaints are to hand. If this
weather continues for some time the lost ground may be regained, but
owing to the extensive replanting the progress of the plant Is Irregular
as one Held may contain trees of dillerent sizes. The locust has not
yet been obliterated, but continues to oause no anxiety.
&
:
Agricultural Department's Monthly Cotton Report—
Next Issue.— Mr. Edwin 8. Holmes Jr., Associate Statistician
of the Department of Agriculture, informs us, under date of
June 14, that—
On account of July 4 being a legal holiday and many of the
exchanges being closed on Saturday, July 2, it has been decided to
Issue the next cotton report of this Bureau on July 5, at twelve
o'clock.
Jute Butts, Bagging,
&c—
There has been extreme induring the week under review, and
\%
and 6>£c.
butts dull at l}f@l%c.
6)^c. for
lbs.
bagging quality.
India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending June 16 and for the season from Sept. 1
to June 16 for three years have been as follows.
1902-03.
1903-04.
Receipts
_
Week.
at—
Bombay
_
Week.
Since
.
Since
,
l
SepL
31,000 2,021,000
1901-02.
SepL
Since
,_,
,
Week
!,
Sept. 1.
,
41,000 2,324,000
18.000 2,040,000
Since September
For the Week.
1.
JBxports
from —
Great
Britain.
Great
Britain.
Continent.
Continent.
Total.
32,000
4,000
1,000
32,000
4,000
92,000
73,000
7,000
836,000
791,000
464,000
928,000
864.000
471,000
1.000
1,000
2,000
1,000
1,00 '>
2,0u0
3,000
4,000
3,000
37,000
34.000
37,000
40,000
38,000
40,000
1,000
2,000
i'.ob'o
i',000
10.000
6,000
2,000
30,000
12,000
8,000
40,000
18,000
10,000
3,000
15,000
5,000
4,000
18,000
5,000
4,000
12,000
17,000
2,000
226,000
129,000
83,000
238,000
146,000
85,000
5,000
17,000
38,000
11.000
22,000
38,000
11,000
Total.
Bombay—
1903-04.
1902-03.
1901-02
Calcutta
1.000
190304.
1902-03.
1901-02.
Madras -
1903 04.
1,000
;
1902-03.
1901-02..
All others -
1903-04.
1902-03..
1901-02.
Total all—
1903-04..
1902-03..
1901-02..
117,000 1,129,000 1,246,000
9t*6,000 1,066,000
100,000
14,000
592,000
606,000
,
I
—
Alexandria Receipts and Shipments of Cotton.
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria, Egypt,
June
1903-04.
15.
190102.
1902-03.
Receipts (cantars*)—
200
Since Sept. 1
6,453,102
This
Since
week. Sept. 1.
Exports (bales)—
Total exports
1,600
6,463.868
1
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
5,091 200,291
142,974
3,746 305,552
1,731 80,271
2.793 194,040
117,152
3,641 390,145
875 100,375
5,250 730,346 10,568 729,088
7,309 801,712
'
2,750 223.188
131,843
2,000 325,880
500 49,435
To Manchester
*
1,500
5,738,475
!
A oantar Is 98 lbs.
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is steady for
yarns and quiet for shirtings.
The demand for India is
improving.
give the prices for to-day below and leave
those for previous weeks of this and last year for comparison.
We
1904.
8^
lbs. Shirt-
32» Cop. ings,
Twist.
d.
1903.
d.
s.
6
d.
b.
8*4 lbs
d.
d.
Shirt- Oott'n
32s Cop. ings, common
Twist.
Uplds
to finest.
10*1911
Oott'n
common Mid.
d.
d.
d.
s.
s.
Mid.
TTplds
to finest.
d.
d.
@9 7>i 7-38 8H @8% 5 7i«®8 5 616
7-36 Si* a>8% 5 7i«@8 5
6-30
6 4 ®9 6
7-12 8^ «9
6 4 @9 6
6-34
5 9 '3>8 6
6'44
6 14n9 2
672 8»s ®9
5 9 5>8 6
6-68
6'82
6 1V3>9 3
8H ®9k 5 IOHj a> 8 9
6-38
6-78
6 1 ®9 S
<i9^9 5 11 ®8 10
9
New York Cotton Exchange Committees, Etc.— At a
meeting of tne newly- elected Board of Managers of the New
York Cotton Exchange, held on Monday last, Mr. William
V. King was re- appointed Superintendent of the Exchange,
My 13
" 20 10 ®10%
" 27 10 ® 10*
J'ne3 o^aio^
" 10 9>«-S>10 14
H 1? 9% (t 10*8
5
and the following committees were selected
Executive— George A. Chapman, chairman; George W. Bailey, R. A.
:
Egyptian Cotton Crop.— Under date
activity in jute bagging
prices are unchanged at
standard grades. Jute
quality and 2@2^c. for
[Vol. lxxyiil
for 2 lbs.,
for paper
Springs. M. A. Parrott, William Ray.
Finance— A. L. Ronntree, chairman; Arthur
Lehman, J. £. G. HigGeorge Brennecke, ex-officio.
Supervisory -William Ray. chairman; J. F. Maury, R. A. Springs.
By Laws and Rulks-A. L. Rountree, chairman; Herman Hageriorn,
Charles W. Lee; Henry Sohaefer, ex officio; H. H. Wheeler, ex-offloio.
Legislation— Henry Sohaefer, Chairman; William Ray, L. L. Flemglns,
ing.
Trade— John E.
G. Hlgglns, chairman; O. M. Oalhoun, M. T. Maine,
W. Neville. O. D Freeman, Hermann Norden, Charles Stlllman.
Adjudication— Emanuel Lehman, chairman; R. Heldenburg, P. A.
Faohlri. A. B. Gwathmev, 8. T. Hubbard.
Board of Appeals -J. Temple Gwathmey, chairman; T. M. Robinson, Henry Hentz, B. S. Clark, Samuel Hopkins, W. C. Hubbard, Philip
G.
Lehman.
Membership -E. M.Weld, chairman; William Mohr, F. H. Wlggln,
John Grlerson, Edward K. Gone.
arbitration— G. E. Moore, chairman; M. H. Lehman, E. A. Faohlri,
M. J. Parrott, L. Maudelbaum, .» F. Jones, Hermann Hagedorn.
Warehouse and Delivery— Arthur Lehman, chairman; Charles I.
Long, John Tanner, E. M. Weld, E. E. Moore, Abram Allen Jr., Seo'y;
Henry Sohaefer, ex-offiolo.
Information and Statistics J. F. Maury, chairman; E. A. Faohlri,
J. J. Chew, Geo. W. Bailey, A. B. Gwathmey Jr.
Commissions— H. H. Wheeler, chairman; M. H. Lehman, B. 8. Clark,
T. M. Robinson, R. Seldenburg.
Revision— George Brenneoke, chairman; S. M. Lehman, M. T. Maine,
E. E. Moore, P. A. Faohlri, R. H. Ronntree, O. M. Oalhoun, John Grlerson, R. A. Springs, G. E. Moore. J. F, MoFadden, E. M. Weld. Charles
Stlllman, Samuel Hopkins, WUUam Mohr, George M. Shutt, W. Wlth.
erspoon.
Glearinos-a. N.
Belter,
chairman;
Leopold
S.
Baohe, Henry
Sohaefer, ex-offloio.
Classification— Abram Allen Jr., chairman; J. A. Boylen, J. F.
T. A. Perkins. E. L. Woodson, Frank O. MUlett, W. P. Barbot.
Wenman,
—
June
—
THE CHRONICLE.
18, 1904.]
Etjbopean Cotton Consumption to June l.— By cable
we have Mr. Ellison's cotton figures brought down to
We give also revised totals for last year that
June 1.
comparison may be made. The spinners' takings in actual
bales and pounds have been as follows:
to-day
Oct. 1 to
June
.
Qreat Britain
1.
2451
Total bales
Bostom-To Liverpool— June 9-Steamer Republic, 18
June 11— Steamer Sagamore, 981....
To Manchester— June 10-8teamer Iberian. 242
Balttmortb— To Liverpool -June 10— Steamer Vedamore, 670.
To Bremen-June 8— Steamer Cassel, 354
8ah Francisco— To Guatemala—June 17 Steamer City of
Sydney, 100
Continent.
Total.
2,155,00c
Takings by spinners... bales
4,157,000
0,312,000
Average weight of bales. lbs
505
486-6
477
Takings In pounds. ......... l,088,275,O0O|l ,982,889,000 3,071,164,000
For 1902-03.
Takings by spinners. . bales
2,595,000
4,240,000
6,835,000
Average weight of bales.lbs
498
476
484'4
Takings In pounds
1,292,310,0001 2,018,240,000 8,310,550,000
According to the above, the average weight of the deliveriesin Great Britain is 505 pounds per bale this season, against
498 pounds during the same time last season. The Continental
deliveries average 477 pounds, against 476 pounds last year,
and for the whole of Europe the deliveries average 486*6
pounds per bale, against 484*4 pounds last season.
Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
000* omitted.
1903-04.
Qreat
Britain
Spinners' stook Oct. 1
40,
Conti-
1902-03.
Total
nent.
446
2,176,
8,966,
486,
6,142.
2,216,
Oonsumpt'n,S5 week" 1,997.
4,412,
3,465,
6,628,
5,462,
947,
1,166,
Takings to Jane
1
Spinners' stook J'ne
1
219,
Qreat
Britain
55,
Conti
nent.
318
Iota
373
2,585
4,036,
6,621,
2,640,
2,275,
4,354.
3,465,
6,994,
5,740,
889.
1,254,
865
Weekly Consumption
000* omitted.
37,222
42,732 bales
mm
The exports to Japan sinoe Sept.
have been
1
from the Pacific Coast.
Liverpool.— By cable from Liverpool we have the following
statement of the week's sales, stocks, &c, at that port.
.
June 1.
Botes of 500 lbs. each,
100
500
Taooma—To Japan— June 12-8teamer Hyson. 500
Total.
For 1908-04.
Oct. 1 to
999
242
670
354
May
week
Bales of the
bales
Of which exporters took. ..
Of which speculators took
Sales Amerloan.....
,
Actual export
,
Forwarded
Total stock— Estimated
Of which American— Est'd
Total import of the week....,
Of which Amerloan
Amount
afloat.... ............
Of which Amerloan........
June
27.
3,
June
10.
June
17.
18,000
1,000
40,000
2,000
88 00C
3300O
l.OOC
11,000
4,000
34,000
600,000
479,000
55,000
48,000
73,000
36,000
34,000
2,000
61,000
580,000
458.000
43 000
28 000
83.000
40,000
38.000
3,000
41,000
661,000
431,000
15.000
8 000
93 00C
61 000
3,000
1,000
28.000
3 000
68 000
538,000
410 000
34,000
24,000
69.000
40.000
The tone of the Liverpool market for spots and futures
each day of the week ending June 17 and the daily closing
prices of spot cotton, have been as follows.
Market,
it,
12:30
i
HardenV.
Qalet.
P
Mid. Upl'ds.
Sales
Spec.
Monday. Tuesday. Wed? day. Thursd'y Friday.
Sat'day.
Spot.
& exp.
Quiet.
Moderate
demand.
Quiet.
Dull.
6*72
6'84
6 64
664
648
6 39
4,000
100
7.000
5,000
5,000
5 000
600
200
200
300
5.000
2,000
Futures.
In November
In March
In April
In May
50,
63,
99,
68,
60,
55,
55,
99,
99,
99,
99,
99,
99.
55,
55,
99,
149,
162.
162,
159,
154,
154,
154,
154,
65,
65,
99,
99,
65,
65,
99,
65,
65,
65,
65.
99,
99,
99,
99,
99,
164,
164,
164,
164,
164,
164,
164,
164.
Steady at Quiet at Br'lyit'dy Quiet at
Market
uaia
opened.
Steady
Market,
4 P. M.
Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops in the Southern States for the week
ending June 18, summarizing them as follows:
A farther improvement in cotton is generally indicated throughout
the belt. In portions of Louisiana, Texas and Oklahoma, however,
fields are becoming foal, while the crop is in need of rain in portions
of Alabama. In the central and eastern districts the plant continues
small, bat is now growing rapidly. Boll-weevils are still numerous in
southwestern and central cotton counties of Texas and in some sections are doing considerable damage.
First Bales of 1904-5 Crop.— The first bales (two) of
ootton of the new crop were received at Browrsville, Texas,
in the extreme southern portion of the State, on June 11.
They were grown by Juan H. Fernandez, eight miles from
town, and olassed as good middling. The two weighed 546
and 630 pounds, respectively, and were shipped at once to
Galveeton, arriving at that port June 16. One bale was sold
at Galveston the same day, bringing $115.
It classed strict
middling, good color, and very good staple, and will be
shipped to Havre via New York. The ether bale was forward-
i
6(36 pts.
2a*
deoltne.
decline.
Br'lyit'dy Steady at
at
advance.
ptl.
tdrauoe.
12<ai8 pti. l@:i
I
i&S
pti.
decline.
I
pts.
deoltne.
pts.
Quiet at Br'lyit'dy
a© 9
pts.
3<a» pti.
decline.
decline.
Busy at Steady at Br'lyst'dy
6012 pts. l@5 ptS. 7(418 Ptl.
decline
decline.
decline.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
The foregoing shows that the weekly consumption is now
154,000 bales of 500 pounds each, against 164,000 bales of
like weights at the corresponding time last year. The total
Sjinners' stocks in Great Britain and on the Continent have
ecreased 168,000 bales during the month and are now
88,000 bales more than at the same date last season.
Government Weekly Cotton Report. — Mr. James
5310
pts.
advanoe
Hon.
Sat.
Wed.
Ta«*.
Tkars.
June 11 June 18 June 14 June 15 June
d.
d.
Jane-July
.
.
July-Aag....
Aug. -Sept...
Bept-Oot
Oot.-Nov....
Nov.-Dee....
Oeo.-Jau....
J an. -Feb
—
Feb.-Mch.
..
6
6
6
6
5
5
5
6
5
Frl.
June 17.
12*4 4 12i* 4 12*4 4 12*4 4 124
M.P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M, P.M.
12is
P.M.
Jane
16.
d.
55 6 65 6 64
47.6 47 8 56
40 6 41 651
20 6 20 6 29
67 5 68 5 75
43 5 44 6 51
85 5 38 6 45
35 5 35 5 42
33 5 34 6 41
5 41
d.
d.
6 54 6 45 6
6 46 6 36:6
6 40 6 31 6
618 6 09 6
5 65 5 59,5
5 41 5 375
5 35 5 31 5
5 32 5 28 8
631 5 27 6
6 31 5 27 5
d.
d.
4t 6
40 6
33
10
60
87
30
27
2*
26
6
6
5
5
5
5
5
5
45
85
29
06
59
37
30
27
26
26
d.
36
25
19
96
53
31
25
5 22
5 21
5 21
6
6
6
6
5
5
5
d.
'/.
6 28 6 30 6
6 18 6 20 6
6 12 6 14 6
5 90 5 93 6
5 49 5 61 5
28 5 30
22 5 24
19 5 21
18 5 20
18 6 20
P.M
d.
d.
18
09
03
83
44
24
18
15
14
14
6
6
6
5
5
6
5
5
5
5
12
03
97
77
42
23
17
14
13
13
Moh.-April.
April-May
..
BREADSTUFFS,
Friday,
June
17, 1904.
Business in the market for wheat flour has been dull.
Buyers have continued to pursue a strictly hand-to-mouth
policy, confining their purchases only to such supplies as
they have needed to cover current wants. Mills, however,
have shown no disposition to force sales and prices have been
qnoted unchanged and steady. Offerings of new crop winterwheat flours for forward deliveries have been limited, the
mills being inclined to go slow in making sales ahead. Rye
ed to New Orleans to be sold. The cotton, while of this year's flour has been in moderate jobbing demand at steady prices.
growth, was not from this year's planting. The winter hav- Cornmeal has been quiet but steady.
Speculation in wneat for future delivery has been on a
ing been an open one in extreme Southern Texas, free from
scale only. The tone of the market has been somelimited
frost, the cotton plant was not killed and bloomed again this
spring. This accounts for these extremely early new bales. what uneettled, but for the week prices show only a slight net
Last year the earliest arrival was at Galveston on July 18, change. The monthly Bureau report wae about as expected,
and in 1902 the first bale made its appearance at Houston on and therefore bad little influence upon value?. Early in the
week reports of rains in some sections of the winter- wheat
July 1.
belt, which were unfavorable for harvesting operations, now
Shipping News. As shown on a previous page, the in progrees, induced some buying, principally for the acexports of cotton from the United States the past week have counts of shorts
to cover contraote. On Wednesday there
reached 37,222 bales. The shipments in detail, as made up were reports of fairly large export eales to the United
from mail and telegraphio returns, are as follows:
Kingdom, and these two factors served to carry prices
Total bales.
to a slightly higher basie. On Thursday, however, the
N«w York—To Liverpool, per steamers Armenian, 1,030
Celtic t>30
Weather conditions in both the
1,560 market again turned easier.
To Antwerp, per steamer Kroonland, 400
4CO winter and spring-wheat belts were again reported favorable
To Genoa, per steamer Prlnzees Irene. 2,267
2,^67
W»w OKUQAN8 To Liverpool- June 10- Str. Win. CUffo 1,433 1,433 and moderate selling developed. One authority, in a weekly
To London— June 10 -Steamer Californian, 1,756
1,756 review of the crop situation, says that wheat Is progressing
To Bremen- June 17— 8te»>m.er Atiantian, 15,490
15,490 favorably. The spot markets here and at outports have been
To Antwerp-June 10 Steamer Oallfornlan, 2,320
more active, exporters being better buyers, but at easier
June 17— Steamer Atiantian, 600
2,920
To Bareelona-Jane 14— Steamer Conde Wilfredo, 3,437... 3,437 prices. To-day the market was lower under favorable
To Malaga June 14— Steamer Conde Wilfredo. 1,000
1,000 weather reports and longs liquidating. The spot market was
Galvkstom-To Liverpool-June 9 -Steamer Mira, 1,792
quiet and easier.
June 10— Steamer Horatio. 748
2,540
DAXLT CLOSING PRICES OF WHIiT FUTURES IINEIV YORK*
To Hamburg June 14— Steamer Georgia, 611
611
To Beval- June 9-8teamer Mlra, 350
Sat.
Tues.
Wed. Thurs.
Fri.
Mon.
350
To Riga- June 9— Steamer Mlra, 250
2.=>0
Nom. Ill
109% 1094 109
1074
No- 2 red winter, f o. b.
89 'a
To St. Petersburg-June 9— Steamer Mlra, 90
9138
9158
91
914
924
90
84*4
34*8
Pensaoola-To Genoa— June 16-8teamer Marianne, 53
8334
844
84
854
53 Sept. delivery in elev
Savannah— To Amsterdam - June 13 - Steamer Voorburg, 200.
844
844
8i 78
83%
200 Deo. delivery in elev
830s
83'e
—
.
.
.
2452
DAILY 0LO8IHO PRICES OF
Bat.
July delivery In elev
Sept flellv. in elev
Deo. dellv. In elev
?5%
80B«
80Vi
WHEAT FUTUBE8
Mon.
EN
Tues.
86i«
81>4
[Yol. lxxviii.
THE CHRONICLE.
CHICAGO.
THE DRY GOODS TRADE.
Wed.
84%
85
808s
80»9
Thurt.
Fri.
84^
79%
84
79 14
New
To judge from
York, Friday, P. M., June 17, 1904.
number and extent of reductions in
week, an outsider might readily come to
the
79«B prices reported
80
80%
79 *
80 e
this
Indian corn futures have
sen fairly active and there has the conclusion that a condition of complete demoralization
been a moderate advance in prices, especially in the Western had developed in the cotton goods division. But in that he
market. Reports are current to the effect that manipulation would be mistaken. The market is not demoralized. la this
of tne near-by deliveries in the Chicago market is contem- week's open changes sellers have simply accentuated with an
plated. Excessive rains in some sections of the corn belt emphasis the declining tendency which ha3 been quietly proand light primary receipts have had a tendency to induce gressing for some .time past. That is, while prices to-day are
some commission-house buying for investment account. The lower than they were a week ago in a number of instances,
Cincinnati Price Current in its weekly crop report says that they are not nearly so much lower as the revision of open
corn is making slow growth, but it is well worked; stand is quotations might imply. Sellers are simply tired of the dull,
fairly good.
The spot market has been quiet and there has dragging demand which has been coming forward and of the
been a slight weakening in prices. To-day prices declined gradual sagging of prices. This week they have taken radunder more favorable weather conditions for the growing ical action, putting openly prices on a basis at least consoncrop. The spot market was quiet.
ant with the decline in cotton, regardless of previous relaYORK. tive prices, and where, if buyers have any intention of
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Thurt.
Fn. operating freely under favorable price conditions, there can
Wed.
Bat.
Mon. Tuet.
57
57**
57
58
57
58
Cash corn f. o. b
54*4
54
55
53k be no excuse for holding back. The changes are too recent
53%
July delivery In elev
54<fe
53«8 for judgment to be passed upon their effect; yet it must be
5318
54k
Sept. delivery In elev.... 53
54k
54k
reported that the immediate response lacks encouraging
DAILY CLOSING PRICES OF NO. 2 HEXED CORN EN CHICAGO.
Bat.
Mon Tuet. Wed. Thurt. Fri. qualities, buying for forward requirements still being kept
48% within restricted limits. The new prices offer no induce48%
48%
48%
July delivery In elev
489e
49k
48% ments to increase production of cotton goods on the manu48%
Sept. delivery In elev.... 48
49k
49k
49k
44%
43%
44k facturer' part, and it is probable that a fair increase in buy44%
Deo. delivery In elev
44k
44k
43%
43%
43%
43%
May delivery In elev
42's
43's
ing would see certain lines take an upward turn again.
Oats for future delivery at the Western market have been
Domestic Cotton Goods. The exports of cotton goodB
moderately active. Prices for the near-by deliveries have
from
this port for the week ending June 13 were 12,272
reflecting
been well maintained, owing to light offerings
small stocks, but there has been a gradual sagging of values packages, valued at $681,338, their destination being to the
for the distant months, influenced by tbe favorable outlook points specified in the tables below:
Locally the spot market has been
for the growing crop.
1903.
1904.
quiet but steady. To-day the market was quiet and easier.
New York to Jdne 18.
Week. Since Jan. 1, Week. Since Jan. 1.
DAILY CLOSING PRICES OF OATS IN
YORK.
Fri.
Wed.
Thurs.
Bat.
Mon.
Tuet.
Great Britain
14
11
409
1,114
45
Nom 45k
45^ Nora. Nom.
No. 2 mixed In elev
Other European.
4
480
698
7
Nom. Nom. JSom. Nom. Norn. Nom. China
No. 2 white In elev
10
8,263
83,603
102,533
DAILY CLOSING PRICES OF NO 2 HEXED OATS IN CHICAGO.
India
56
300
4,470
6,664
Arabia
967
11,423
......
17,903
Thurt.
Fri.
Tuet.
Wed.
Sat.
Mon.
7
1
NEW
—
NEW
39%
38%
39%
39%
July delivery In elev
39k
39k
32
31%
Sept. deUvery in elev.... 31k
32k
32k
32k
Following are the closing quotations
FLOUR.
Nominal.
Patent, winter
Fine......
$5 10 «5 25
City mllle, patent. 5 25 ®5 80
Superfine
$3 00 @3 25
Rye flour, superfine 4 00 »4 70
Extra, No. 2
3 25 ®3 50
Buokwheat flour.. Nominal.
Extra, No. 1
3 85 •a>3 90
Clears
3 85 ©4 70
Corn mealWestern, etc
3 00 ©3 05
8tralghts
4 85 <8>5 10
Patent, Bprlng
Brandywine
3 05 ®3 10
5 00 ®5 90
GRAIN.
Corn, per bush—
o.
Wheat, per bush—
o.
o.
o.
Western mixed
53 ©57
N. DuL.No. 1
I.o.b.l02k
No. 2 mixed
1. o. b.57
N'thern Man., No.2. f.o.b. 93
Red winter, No. 2.. f.o.b.l07k
No. 2 yellow
i. o. b.59
Hard winter, No. 2. f.o.b. 90
No. 2 white
1. o. b.58
Oats— Mixed, p. bush. 45 ©47
Rye, per bushWhite
Western
70 ©80
46 ®53
Nominal
State and Jersey.... Nominal.
No. 2 mixed..
Barley—West
No. 2 white
Nominal
Nominal.
Feeding
47 ©51
Exportg of Wrain and Flour from Pacifle Ports.— The
exports of grain and flour from Pacific ports for the week
ending June 17, as received by telegraph have been as follows:
From San Francisco to United Kingdom, 28,000 bushels
wheat and 26,000 bbls. flour, and to various South Pacifio
ports, 7,263 bbls. flour; from Portland to Continent, 10,000
buehels wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902-03.
Mrportt
Flour,
Wheat,
Oatt,
Barley,
Corn,
Rye
from—
bush.
bbls.
Portland..
883,617
3,278,396
Total... -8,30<i.099
Tot
bush.
6,628
bush.
Ban Fran. 746,912 1,713.491
46
Puget 8^.1,675,070 1.651,725 44,345
6,643,612
'02-3.3,417,349 25.443,579
718,725
427
bush.
7,923,280
970,978
1,320,539
bush.
1,078
344
44,391 725,780 10,219,797
1,422
61,307 1,017,384 7,483,729 215.132
GOVERNMENT WEEKLY GRAIN REPORT.
—
Mr.
commencement of
this work.
Wheat harvest is nearly
finished In the
South Atlantio and East Oulf States. On the Paoltlo Coast winter
wheat has done well exoept In California, where it has suffered from
hot winds. In the last-named tttate harvest has begun with generally
light yields.
Spring Wheat.— Spring wheat continues
and Is In very promising condition.
to
make
satisfactory prog-
ress,
Oats— Nearly all reports respecting oats Indicate that the outlook
for this orop is very promising. Oata are now heading as far north as
Kansas. Missouri and Tennessee.
For other table* usually given here nee page U121.
448
35
59
669
195
4,591
9,045
1,110
6,737
26.164
7,700
221
4,479
14,688
1,409
5,530
28,935
4,968
12,272
105,732
1,764
188,921
Mexico
81
Central America
287
South Amerioa..
Other Countries.
1,817
Total
New
The value of these
York exports since Jan. 1 has been
$5,904,141 in 1904, against $8,045,727 in 1903.
An open reduction of lo. per yard (8%c. to 7%o.) in such
prominent bleached cotton? as "fruit of the loom" 4-4 has
been chronicled only at rare intervals. Buyers have been
holding off, anticipating lower quotations in leading bleached
goods tickets, but the reduction has gone beyond their expectations,
Other line3 of bleached have moved in unison with
the leaders, but up to the close the response has lacked spirit.
Wide sheetings, both bleached and brown, have also been
reduced from 1% to 10 per cent, and this has naturally affected made-up sheets and pillow-cases to about like extent.
The market for both heavy and light brown cottons shows
considerable irregularity, and is occasionally lower than a
week ago, without being openly quoted so, and the demand
has ruled indifferent from both home and export buyers; the
same conditions prevailing in ducks, gray and colored.
Other colored cottons, such as denims, plaids, tickings, etc.,
have shared in the reduotion of quotations, but not to the
same extent as bleached goods, witnout attracting materially
better buying than before. Canton fltnnels and cotton
blankets are dull and barely steady. The demand for
Drinted calicoes is held up more or less by anticipation of
lower quotations in leading lines of staples. Fancy prints
are inactive, and fine printed fabrics quiet. Ginghams and
woven patterned wash goods without special feature. The
quotation for regular print clotbs remains at 33^c, but buyers are indifferent. Odd goods are without material change
and
in
moderate request,
Woolen Goods.—-Opening
James woolen and worsted
Berry, Chief of the Climate and Crop Division of the United
States Weather Bureau, made public on Tuesday the telegraphic reports on the grain crops in the various States,
for the week ending June 18, as follows:
Corn.—Throughout the central valleys and Middle Atlantio States
oorn has made slow growth, and in Kansas and Nebraska much of the
crop Is still weedy, although It 1b In an Improved state ol cultivation.
In Iowa, Missouri, Illinois and Indiana fields are generally clean, but
In the Middle Atlantio States rains have Interfered with cultivation.
In Texas a good yield of corn Is now assured, and the orop Is promising elsewhere in tbe Southern States.
Winter Wheat.— As a whole winter wheat continues to advance
favorably, a general Improvement being inrtloated in the Ohio Valley
and Middle Atlantio States. Some Injury 1b reported, however, by fly
from Indiana and from overflows in Kansas, and harvest has been interrupted by rains in Northern Texas and Oklahoma. Harvest has begun In Southeastern Missouri and Southern Texas, and some wheat is
ready for harvest in Southern Kansas, where wet soil has prevented
837
251
Afrlea
West Indies
of new lines of men's- wear
fabrics goes on, with those added to
previous display still confined to the lower qualities. These,
as last week, show on an average a slight advance over last
It is noticeable that buyers are by no
last year's prices.
means in a venturesome frame of mind, their operations so
far being on a moderate scale only. This may be accounted
for by the fact that the new goods are shown earlier than
usual, or by a desire to wait until the more important lines
in medium and better grades give something like stability
to the price situation. This may not be for a few weeks yet.
The heavy-weight situation is on the whole satisfactory.
The demand keeps up well for this stage of the season; the
general tone is firm and occasional advances are again reported in trouserings and suitings. For overcoatings there
is a moderate call, and in these, too, an advance is here and
there quoted. The market for cloakings is quiet. Business
in woolen and worsted dress goods is quite moderate in both
staples and fancies, and the tone of the market dull. Flannels and blankets are quiet and featureless.
Foreign Dry Goods.— Dress goods are in irregular request, and the aggregate business moderate only. Silks sell
indifferently in plain lines, but fancies are in fair request.
Ribbons are generally quiet. Linens are unchanged in price
and quiet. Burlaps are dull and inclined to favor buyers.
— —
—
June
— —
THE CHRONICLE.
18, 1904.
gW£
B^biwnt.
twv City
Index.
An
index to all the news matter appearing in this Departfor the period from Jan. 2, 1904, to April 28, 1904, inclusive, was published in the Chronicle of April 80, 1904,
pages 1569, 1570, 1571, 1572 and 1578.
ment
News
Items.
A
Mo.— Bond Litigation.— suit has been instituted in the Supreme Court of Missouri to determine the
water and light bonds voted at the
validity of the $100,000
election held February 23. The bonds, which were described
in V. 78, p. 1002, were offered for sale on March 15 and were
This firm, we are
sold to Devitt, Tremble
Co., Chicago.
advised, refused to take them, and they were afterwards purchased by Whitaker
Co. of St. Louis. The bonds were
presented to the State Auditor, but he refused to register
Columbia,
H
&
&
them upon the following grounds
The
:
and sinking land to be levied for the payment of the
coupons when they fall dne and to apply same to said bonds at maturity Is limited to thirty five cents on the one hundred dollars valuation.
This Is an arbitrary tax fixed by the City Council before the bonds
were issued and Is engrafted Into and becomes a part of the bond
Itself, so that If the assessed value of the property should fall below
the present limit, the olty of Columbia would be powerless to Increase
the levy to meet the payment of the Interest and provide the sinking
fund neoessary under the Constitution.
That no authority is given by the provisions of Section 12, Artlole
10, of the Constitution to acquire by purohase and oonstruotlon a
water-works and eleotrlo-light plant. It may do one or the other, but
Interest
oannot do both.
There Is no statute authorizing relator to hold an election for the
purpose of Incurring an indebtedness to acquire by purohase and con
struotion a water-works and eleotric-llght plant. Under the statute it
may do one or the other, but oannot do both, while the ordlnanoe
adopted and the proposition voted upon were both to acquire by purohase and oonstruotlon a water- works and eleotrlo-light plant.
Upon the refusal^of the State Auditor to register the bondp,
he was mand amused by the city of Columbia to appear before the Supreme Court of Missouri to show cause and give
his reasons as set forth above.
are advised that the matter will probably be decided by June 20.
2453
& Cnrtlf, Boston... .110.379 10
Denison, Prior 4 Co., Cleve10.351 00
land and Boston
10,33160
SeasonKOOd4Mayer,Cln
Jackson
W.J.Hayes* Sons.CIere.. $10,326 00
W. Halsey A Co.. Chic... 10,308 00
N. W. Harris 4 Co., Chlcaco. 10.264 00
N.
First Nat. Bank,
Bay
City....
10,087 60
Bearer City, Utah —Bond Sale.— We are advised that
the $10,000 4%% coupon electric-light-plant and power bonds
offered but not sold on April 10 were purchased by a local
company on April 30. For desoriptlon of bonds see V. 78,
p. 1234.
Bellaire (Ohio) School District.— Bond Offering.— Propobe received until 12 m., June 29, by H. A. Lichtenberger, Clerk of the Board of Education, for $25,000 4% new
high-school bonds. Denomination, $1,000. Date, July 15,
Interest semi- annually on March 15 and September 15.
1904.
sals will
numbered from 21 to 45, inclusive, and become due
Bond No. 21 on March 15, 19C6, bond No. 22 on
September 15, 1906, and one bond each six months thereafter
in the order of their numbers until bond No. 84, due September 15, 1912, is paid; then following in order two bonds each
six months until all are paid. A certified oheck for 2% of
the amount of bonds bid for is required, Authority, SecBonds are
as follows
:
tions 3991 and 3993 of the
resolution of the Board of
izing their issue.
Revised Statutes of Ohio and a
Education passed May 25 author-
Belmore, Putnam County, Ohio.— Bonds Voted.— At a
special election, by a vote of 61 for and 7 against, this town
recently voted to is3ue $8,000 school-building bonds.
Blaine County School District No. 10, Idaho.— Bond
Offering.— Proposals will be received until July 1 by Geo. E.
Ferris, Clerk of School District at Arco, for $4,000 school
bonds. Interest not to exceed Q% per annum. Maturity,
$1,000 in 10 years, $1,000 in 15 years and $2,000 in 20 years.
Blasdell, N. Y.— Bond Offering.— Proposals will be received until 8 P. M., July 5, by M. J. Payne, Village Clerk,
for $25,000 water-works bonds. Denomination, $1,000. Date,
July 1, 1904. Interest, not to exceed 4%, payable semi-annuMaturity,
ally at the Fidelity Trust Co., Buffalo, N. Y.
$1,000 yearly on July 1 from 1907 to 1981, inclusive. Proposals must state the price per $100 of said bonds.
certified
check for 2% of the amount of bonds bid for, made payable to
A
the Village Treasurer and drawn upon an incorporated bank
or trust company, is required. Authorized by Chapter 414
of the Laws of the State of New York of 1897 and issued pursuant to a proposition submitted at a village election May 18,
1904.
Present bonded debt, $30,000. Assessed valuation of
real estate in 1903 was $616,630.
Brookline, Mass. Bond Sale.— This town has awarded at
Negotiations thia
private
sale to N. W. Harris
Co., Boston, $110,000 1-20fcave
been
week
as follows:
year (serial) and $40,000 1-10-year (serial) bonds at par and
Adrian, Oa.— Bond Offering.— Proposals will be received accrued interest. The $110,000 issue is for the purchase of
until 12 M., July 1, by W. J. Curry, Mayor, for the $8,000 5% public lands and the. $40, 000 issue is for a school house. Bonds
school bonds voted on April 25. Denomination, $100. Date, are all dated Jan. 1,1904, and are coupon in form. Interest
July 1, 1904. Interest payable at the Adrian Banking Com- payable semi-anLually at the First National Bank in Boston.
pany, Adrian. Cash or a certified check for 2t of amount
Buffalo, N. Y. Bonds Authorized.—The Aldermen of this
of bonds bid for is required. Bonds have been confirmed and city have voted to issue $50,000 4% water bonds to refund a
validated by the Supreme Court of Emanuel County, Ga.
Authority, Seotion 7
like amount falling due July 1, 1904.
Akron, Ohio.— Bond Sale.— It is stated in local papers that of the General Municipal Law of the State of New York,
this city has sold to the Sinking Fund Commissioners an Laws of 1892, as amended by Chapter 466 of the Laws of
issue of bonds for the construction of a roadway through 1893, as amended by Chapter 54 of the Laws of 1897 and
Perkins Park,
Chapter 338 of the Laws of 1901, of the State of New York.
Albany, tta.— Bonds Voted. At an election held June 9, Bonds will be dated July 1, 1904. Interest semi-annually at
by a vote of 228 for to 2 against, this city authorized the is- office of the City Treasurer or at the Gallatin National Bank,
suance of $10,000 5£ light and water bonds. We are advised New York City, at option of purchaser. Maturity, $5,000
that these bonds may not be issued for a year or more.
yearly on July 1 from 1905 to 1914, inclusive.
Albany School District So. 5, Linn County, Ore.— Bond
The following bond issues have been authorized and sold :
Sale.-On June 1 the $20,000 4%% 10-20-year school bonds $7,860 21 3* bonds. Department of Public Works. Date, June 1. 1904. Interdescribed in V. 78, p. 2027, were awarded to the Royal Trust
est, semi-annual. Maturity, June 1, 1905. Bunds have been awarded
to the City Comptroller In trust lor the tax loan fund as an InvestCo., Chicago, at par and accrued interest. Two other bids
ment.
were received from local bidders for part of the issue, one 6,113 00 3% bonds. Date, June 1, 1004. Interest, semiannual. Maturity,
Jniyi,i90&. Bonds have been awarded to the C'iiy Comptroller at
being at par and the other at par and a small premium.
par In trust for the tax loan fund as an investment.
Alfred, Allegany County, N. T.— Bond Offering.— PropoCahuenga School District, Los Angeles County, Cal.—
sals will be received until 2 p. M.,June 27, by Charles Still- Bond Sate.— On June 7 the
$28,000 5% bonds voted on March
man, Village Clerk, for $26,500 water-works bonds. Date, 25 were awarded to Adams-Phillips Co., Los Angeles, at
July 1, 1904. Denomination, $500. Interest, not exceeding 104*971. Denomination, $1,000. Date, June 7, 1904. Inter4%, payable semi-annually at the office of the Bowling Green est annually.
Trust Co. in the city of New York. Maturity, July 1, 1909.
Caldwell County, Texas.— Bonds Approved.— On June 7
Alhambra City High School District, Los Angeles County, the Attorney-General approved the $9,0u0 4% 5-40-year (opCal. Bond Offering.— Proposals will be received until 2 p. tional) bridge bonds, the sale of which was noted in last
m., June 21, for the $45,000 5* 1-20-year (serial) high-school
week's Chronicle.
bonds authorized at the election held May 16. DenominaCambridge (Iowa) School District.— Bonds Voted.— This
tion, $2,250.
Interest annually at the office of the County district, it is stated, has voted to issue $10,000 school bonds.
Treasurer. Maturity, $2,250 yearly on June 21 from 1905 to
Camden, N. J.— Bond Sale.— On June 10 the three issues
1924, inclusive.
Aocrued interest is to be paid by purohaser. of 4% bonds described in V. 78, p. 2345, were awarded to
A certified check, payable to the order of the Chairman of N. W. Halsey & Co. of New York City as follows: $125,000
the Board of Supervisors of Los Angeles County, for 3% of school bonds at 108*859; $25,000 fire bonds at 106 699 and
the amount of bonds is required. C. G. Keyes is County
$90,000 park bonds at 107-859. Following are the bids:
Clerk.
$26,000
1125.000
190,000
Bonds.
Bonds.
Bond$.
Arlington, Mass.— Note Issue.—
are sdvised that this N. W. Halsey & Co.. New York
108*859
106-B99
107 859
town has issued $17,000 notes, which have been taken by the N. W. Harris & Co., New York
107*641
100'288
108-344
Leach 4 Co. and J. D, Everitt 4 Co..,
Sinking Fund Commissioners and Trustees of the various h arson,
107*307
108177
New York
108 317
108-120
107-261
town trust funds.
108-811
Kountre Bros., New York
106- 149
107*169
it. I.. Day & Co.. Boston
1 08*010
Aubnrn Township, Kan. Bond Election.— An election I.adeuburK.Thalmann &Co.< New York
106-710
106-170
107710
106*630
106-250
will be held in this township on July 16 to vote on the propo- Harrlman A Co., New York
1040O
104*310
105*620
106*224
sition to issue $220,000 6g 20-year bonds in aid of the Topeka A. C. Chase
100*154
W. J. Hayes 4 Sons, Cleveland
Eskridge & Council Grove Inter urban Railroad.
Bond Sale.— On June 14 the $170,000 4% water bonds deAnglaize County, Ohio. Bond Sale. On June 10 the two scribed
in lafct week's Chronicle, p. 2399, were awarded to
issues of 5$ bridge bonds described in V. 78, p. 2027, were
Ladenburg,
Thalmann
Co., New York City, at 109*19 and
awarded to Rudolph Kleybolte
Co., Cincinnati, as follower
accrued interest. Following are the bids:
$30,000 bonds for $32,351 and interest and $10,000 bonds for
LadenburK, Thalmann 4 Co.,
N. W. Harris 4 Co.. New York.. 108-643
We
Bond Proposals and
&
—
We
—
&
&
$10,813
Bay
and
City,
interest.
Mich.—Bond Sale.— On June
13 the $10,000 4%
refunding water bonds were awarded to Jackson
Curtis,
Boston, at 103-791 and interest. Following are the bids :
&
108*331
New York
Kouotze Bros.. New York
1C9-19
W. Halsey 4 Co New York. 108-677 W. J. Hayes 4 Sons, Cleveland.10720
Carrollton, Miss.— Details of Bonds.—The $10,000 coupon
water- works bonds recently authorized by the Mayor and
N.
—
— —
:
THE CHRONICLE.
•2454
[Vol. lxxviil
MaInterest, not to exceed Q%, semiannual.
tion, $1,000.
certified check on some national or
turity, May 1, 1919.
State Bank for b% of the face value of said bonds, payable
to the Clerk Board of Education, required, and the successful bidder must furnish blank bonds free of expense to the
board and pay accrued interest to the date payment is made
Defiance, Ohio. Bonds Authorized.— On June 9 the City
Council authorized the issuance of $105,000 ii straight 20year bonds to take the place of the issue of $105,000 4£ 20-30year (optional) refunding Maumee River bridge bonds which
were off ered but not sold on February 17. The new bonds
will be offered to the holders of the old bonds before they are
placed upon the market.
Delaware, Ohio.— Bond Sale.—On June 14 the $1,500 5*
Winter Street paving bonds desoribed in V. 78, p. 2346, were
awarded to the Delaware Savings Bank at 100 66 and interest.
A bid was also received from the Deposit Banking Co,
of Delaware.
Delhi, Ohio.— Bond Sale.— On June 9 the $2,000 street-improvement and $900 fire-department 5* bonds described in V.
78, p. 2028, were awarded to Feder, Holzman & Co., Cincinnati, at a premium of $296 and interest.
Following are the
for the bonds.
bids
Chattanooga, Tenn.— Bonds Authorized.—The City Council has authoriz d the issuance of $1,000,000 1% bonds for the
purpose of erecting an electric-light plant.
Chester, Pa.— Bond Offering,— Proposals will be received
until 2 p. m June 29, by Frank W. Harrison, City Clerk, for
$70,000 4<s 20-30-year (optional) coupon refuading bonds.
Date, July 1, 1904. A certified check on a national bank for
%% of the amount of bonds bid for is required. These bonds,
bearing 3>££ interest, were offered buc not sold on June 1.
Feder.
Board of Aldermen of this town are in. denominations of $500
and $1,C00. Interest, 5%, payable annually In January at the
Bank
of Carrollton, Carrollton, Mies. Maturity, 20 years,
optional after 10 years. Town has no debt at the present
time. Aseeseed valuation in 1908 was $287,686. C. J. Nelson
is Town Treasurer,
Cass Lake School District No. 3, Cass County, Mian.—
Bond Offering.— Proposals will be received until 3 p. m.,
June 21, by C. M. Johnson, Clerk Board of Education, for
$20,000 school-house bonds. Date, May 1, 1904. Denomina-
A
,
Bonds are
tree of State tax.
Cheviot, Ohio.— Bond Offering. Proposals will be received
until 12 m July 7, by Charles Craig, Village Clerk, at the
office of Louis Reemelin, Room 808, Bell Block, Cincinnati,
for $5,000 5# 25-year water-supply bonds dated June 1, 1904.
Authority, Sections 2835, 2836 and 2837, Revised Statutes of
Ohio. Interest, semi-annual.
—
,
Chillicothe, Ohio.— Bond Sale.—On June 10 $17,100 im
provement bonds (8 issues, $11,500, $4,400 and $1,200) were
awarded to the Central National Bank of Chillicothe at
102'193 for 5 per cents. Following are the bids received on
the total issue
Central Nat. B'k, Chillicothe.$17,476 00
First Nat. Bank. Chillicothe. 17,427 63
BeuBOnKood & Mayer, Clncin. 17,301 W5
The following
Lamprecht Bros.
Denlson, Prior &
land & Boston
Weil, Roth
two
bids were
W.
R.
Todd 4 Co..
Clncin..
. .
$17,2rt9 00
Union Sav. Bk. & Tr. Co.,Cin. 17,255 00
W. J. Hares & Sons, Cleve... 17,137 00
received for the $11,500 issue
Co., Cleve.. $11,643 73
Co., Cleve-
& Co.. Clncin... $11,657 50
1st Nat. B'k, Columbus. 11,163 75
R. Kleybolte
New
11,628 00
&
Co. of Cincinnati bid $16,271 40 for the
first
Holzman
A
$1,500 on September 1 from 1906 to 1911, inclusive. Authority, Sections 8958, 3959, 22b 3991, 8992 and other sections of
the Revised Statutes of Ohio. Certified cheok of $500, made
payable to the Clerk of the Board of Education, is required.
Blank bonds to be furnished by purchaser.
Corona, Cal.— Bond Election.— An election will be held
July 5 to vote on the question of issuing $25,000 5% 20 year
high-school boudn.
Danville, Ky. —Bond Sale.—On June 10 the $20,000 4* coupon water-works bonds described in V. 78, p. 2028, were
awarded to the Union Savings Bank
Trust Co., Cincinnati.
are advised that the price paid for the bonds was about
&
Dauphin (Town), Manitoba.— Debenture Offering.—Pro-
Wm.
?osals will be received until July 1 by
Rmtoul, Sec'y'reas., for $11,000 debentures dated July 1, 1904; each for
the sum of $781, principal and interest.
Maturity, one debenture yearly on July 1 from 1905 to 1924, inclusive. Debentures to be made payable at the branch of the Bank of
Ottawa, Winnipeg, Manitoba."
Dedliam, Mass.— Note Sale'.-On June 15 this town sold
$15,000 4% street notes (one of $9,00 J and one of $6,000) to the
Dedham Institution for Savings at 101*50. Notes will mature
$1,500 annually from 1905 to 1914, inclusive.
On the same date the town sold a $11,000 4% street note to
the Dedham In«titution for Savings at 100-85. Maturity,
$2,203 annually from 1905 to 1909, inclusive.
Interest on both issues will be payable semi-annually at the
National Shawmut Bank, Boston.
St
Co.,
Cln
Western German Bank, Cln.
£e&songood & Mayer, Clncin..
.
.
$8,196 00
8,190 to
3,155 00
Harden, Miller 4 Co., Cleve.. .$3,074 00
Well, Roth
Co., Cincinnati.
3,062 00
St,
.
Detroit, Mich.— Bjnds Authorized,—On June 7 the ComCouncil adopted a resolution authorizing the issuance of
$50,000 3^3 25-year Detroit Museum of Art bonds. Denom-
mon
ination, $1,000.
Donna Ana County (N. Mex.) School District No. 2.—
Bond Offering.— Proposals will be received until 12 m., July 2,
by Oscar Lohman, County Treasurer, at his office in Las
Cruces, for $13,409 6% 10-20-year school bonds, A certified
check for 5% of the amount of bonds bid for is required. Taxable valuation of property in school district, $370,908. Total
indebtedness, including this issue, $14,746.
East Clevelaud (Ohio) School District.— Bond Sale.— On
June 15 the two Issues of 4%<£ 30-year school bonds, aggregating $115,000, described in V. 78, p. 2028, were awarded to
the Society for Savings, Cleveland, for $125,188 33 and interes
Following are the bids :
Premium
Premum.
Society for SaviDgs. Cleve... $10,133 38 S. Kuhn & Sons. Cincinnati... $1,436 00
Denlson, ITlor A Co., CleveR. Kleybolte 4 Co.. Ctncin.... 1,400 00
.
land and Boston
W. J. Hayes & Sons, Cleve...
B. U. Rollins & Sons, Chic.
-eder, Holzman * Co., Cln..
Spitrer & Co.. Toledo
.
.
6,195 25
2,000 00
1,650 00
1,560 i;0
1.498 50
E dSthampton, Masa.—Bond
awarded
&
CnlonSav. B'k &T*r.
Parson* &
Fuller,
Cleveland
6easongood
Sale.
Co.. Cln. 1,811 37
Snyder,
& Mayer, Cincin..
—This
town
1.201 00
1,066 65
recently
Co., Boston, $6,503 4% water supto Jose, Parker
ply bonds at 103. Denomination, $1,000, except one bond for
Dae, June
Maturity, June 1, 1914.
6, 1904.
Bonds Registered and Sold. — This city has
sold $3,500 5% 10-30-year (optional) refunding water- works
bonds to the State Board of Education at par and accrued
These securities were registered by the State
interest.
Comptroller on June 8. They bear date of May 10, 1904.
Elilcott City, Md.— Bonds Defeated. The proposition to
issue $40,000 water- works bonds failed to carry at the election held June 14, the vote being 114 for to 119 against.
Elmira, N. Y.—Bonds Defeated.— At the election held June
9 the vote on the question of issuing $75,000 bridge bonds was
399 in favor of and 509 against the issue.
Elmo, Texas.— Bonds Voted.— This place has voted to issue
$500.
issues.
Cincinnati, Ohio.—Bond Offering.— Proposals will be received until 12 m., July 11, by W. T. Perkins, City Auditor,
for the $300,000 4% coupon viaduct fund bonds authorized by
the City Council on May 9. Denomination, $500. Date,
Aug. 1, 19j4. Interest semi-annually at the American Exchange National Bank, New York City. Maturity, Aug. 1,
1934.
A certified check, payable to the order of the City
Auditor, for 5% of the gross amount of bonds is required.
Clairton School District, Pa.— Bonds Not Sold.— We are
advised that the $70,000 i%i school-house bonds offered on
June 15 and described in V. 78, p. 2299, were not sold.
Colombia, Tenn.—Bond Offering.— Proposals will be received until 8 p.m., July 1, by E. E. Erwin, City Recorder, for
the $30,000 A% coupon funding bonds mentioned in V. 78, p.
2846. Date, July 1, 1904, Denomination, $500. Interest, semiannual. Maturity, July 1, 1924.
certified check for $500,
payable to the City Recorder, required.
Conroe (Texas) Independent School District.— Bonds
Approved.— On June 9 the State Comptroller approved an
issue of $2,000 4£ 20-year school-house bonds of this district.
Copley Township (Summit County, Ohio,) School District— Bond Offering.— Proposals will be received until 12
M., July 5, by H. G. Long, Clerk of the Board of Education
at Copley, for $10,000 5% coupon school-bailding bonds voted
at the eleotion held May 9. Denomination, $500. Bonds
will bear date of sale. Interest semi-annually on March 1
and September 1. Maturity, $1,000 on Sept. 1, 1905, and
We
:
Elgin, Tex.
—
$4,000 school-house bonds.
Eureka, Cal.— Bond Offering.— Proposals will be reoeived
June 21, by the City Council, for the following 4%i gold bonds :
until 7:30 p. m.,
Denomination, $500.
sewer-completion bonds. Denomination. $875.
15,000 fire -apparatus-purchase bonds. Denomination, $375.
5,000 Forest Park improvement bonds. Denomination, $125.
$100,000 city-hall bonds.
35,0t)0
The above bonds will be dated July 1, 1904. Interest semiannually at office of City Treasurer. Maturity, one-fortieth
of the principal annually. Authority, Act of the State Legislature approved Feb. 25, 1901 (Statutes 1901, page 27).
A
certified check for 5g of amount of bid, payable to the Mayor,
required. Present bonded indebtedness of the city, $109,250.
Assessed valuation, $5,800,000. J. P. Wunderlich is City
Clerk.
Evanston, 111.— Bonds Authorized.—The Aldermen of this
have authorized the issuance of $31,500 library bonds.
Farmersville (Cal.) School District. Bond Election.
An election will be held in this district June 80 to vote upon
the question of issuing $8,030 6f school-house bonds. Denomination, $900. Maturity, one bond yearly from June 1,
city
—
1905 to 1914, inclusive.
Fayette County (P.O. Washington C. H.), Ohio.— Bond
Sale.— We are advised that this county awarded on June 16
$5,000 5% Jackson Tobin road bonds to Weil, Roth & Co.,
Cincinnati, for $5,005. Date, June 20, 1934. Denomination,
Maturity, $2,500 June 20, 1905, and
Interest, annual.
$500.
June 20, 1906.
Franklin County (P. 0. Columbus), Ohio— Bond Offering.—Proposals will be received until 12 m July 12, by the
Bjard of County Commissioners, John Scott, Clerk, for
$75,000 4% emergency bridge bonds. Denomination, $1,000.
Date, July 1, 1904. Interest semi annually at county treasury. Maturity, $5,000 July 1, 1907, $10,000 July 1, 1908, and
$15,003 yearly on July 1 from 1909 to 1912, inclusive. A certified check on a national bank or a trust company for \% of
the amount of bonds bid for is required. Anthority, Sections 871, 872, 873, 874, 875, 2822 and 2824 of the Revised
$2,500
,
Statutes of Ohio.
Gardner School District, Santa Clara County, Cal.—
Bond Sale— On June 7 the $3,500 6* 8-9-year (serial) gold
school-house-addition bonds described in V. 78, p. 2347, were
awarded to the Sau Jose Safe Deposit Bank, San Jose, Cal.,
at 107 886.
Following are the bids :
—— —
June
—
:
THE CHRONICLE.
18, 1904.]
San Jose Safe Dep.Bk .,S. Jo»e.|3,776 00
3.<>01 60
First Nat. Bank. San Jose
Bankol Campbell, Cal
8,575 00
|
Adams-Phillips & Co.,Lob AnK|S,571 56
Geo. R. Chambers
8,616 00
E.B. Conttllnij (one $600 bond)
500 00
Gilmore City (Iowa) Independent School District.— Bond
Offering,— Prop osals will be received nntil 9 a, m., Jnly 1 for
$9,500 5$ 5-20-year (optional) school bonds. Denomination,
Date, July 1, 1904. Interest payable annually. A cer$500.
C. B. Fitch is Secretary.
tified oheck for $800 is required.
,
2455
inclusive. Bonds are exempt from all taxes. Authority,
Chapter 299 of Laws of 1895. Bonded debt June 1, 1904, was
$58,000. Sinking fund on same date amounted to $15,675 38.
Assessed valuation in 1903 was $8,071,497. John P. Paulson
County Auditor.
Lake Providence, L&.—Bond Elect on Proposed.— At a
meeting of the citizens of this town held recently, a resoluDistrict.—
Bonds
Girnrd (Ohio) School
Defeated.— At an tion was passed requesting the Board of Aldermen to call an
election held in this district on May 28 the people defeated the
proposition to issue $40,000 school bonds by a vote of 287
against to 129 in favor of.
Gloucester County (P. O. Woodbury), N. J.— Bond Sale.—
On June 10 this county sold $16,000 4% jail-repair bonds to
the Woodbury Trust Co. at par. Date, July 1, 1904. Danomination, 500. Interest, semi-annual. Maturity, $1,500
yearly on July 1 from 1905 to 1913, and $2,500 July 1, 1914.
Grand Rapids, Mich.— Bond Offering.— Proposals will be
received until to-day (June 18) by John L. Boer, City Clerk,
for $90,000 Z\i% water-extension bonds, the same being part
of the issue of $170,000 bonds voted at the election held
April 6, 1903, $80,000 of which were sold on July 6, 1908, to
the Fourth National Bank of Grand Rapids at par and interDate of bonds, July 1, 1903. Interest, semiannual.
est.
Maturity, July
1,
1928.
Grayson County, Tex.
Bonds Registered.— On June
6
$1,999 3% 5-20-year (optional) bridge-repair bonds were registered by the State Comptroller. Bonds are dated April 10,
1904.
Greenville, Miss. Bonds Voted.— At an election held in
this city June 8 a proposition to issue $30,000 school bonds
was carried by a large majority.
Greenwood, Miss.— Bond Offering.— Proposals will be received until August 2 for the $123,000 5% water-works bonds
authorized at an election held June 6. Bonds will mature
in 1924.
Hardin County, Texas.— Bonds Approveed.— On June
10
the Attorney General approved an issue of $50,000 5% 10-20year (optional) court- house bonds of this county.
Hartford, Conn.— Bond Offering.— Proposals will be reJune 29, by Chae. H. Slocum, City
ceived until 2 p. M
Treasurer, for $1,000,000 Z%% gold coupon Connecticut River
bridge bonds. Interest, semi-annual. Maturity, July 1, 1954.
Bonds may be registered at option of holder.
certified
oheck for 2% of amount of bid, payable to the City Treasurer,
required with each bid.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Hattiesburg, Miss. Bonds Authorized.— On June 9 the
Mayor and Board of Aldermen passed an ordinance authorizing the issuance of $5, COO bonds for the purpose of repairing and furnishing the city school buildings.
Hills School District No. 66, Rock County, Minn.— Bond
Offerin g.— Proposals will be received until 2 p. m., July 1, by
Dr. S. J. Froshaug, Clerk, for $3,500 5% school bonds. Date,
Aug. 1, 1904. Denominations, $2,000 and $1,500. Interest
annually at office of County Treasurer in Luverne. Maturity,
$2,000 Aug. 1, 1909, and $1,500 Aug. 1, 1914. Authoritv,
Chapters 74 to 84, General Laws of 1894.
deposit of 5£ of
amount of bid is required. Bonded debt of district, including this issue, $9,520. Assessed valuation, $175,642.
,
A
A
Hollywood School
Bond Sale.— We
District, Los
Angeles County, Cal.—
are advised that the
Home
Savings Bank of
is
election to vote on the question of issuing $25,000 waterworks and electric-li«ht bonds.
.Lawrencebnrg (Ky.) School District.— Bond Sale.— We are
advised that this district sold on June 8 $12,500 5g sohoolhouee bonds to Chas, E. Bond for $12,915 and interest. Date,
Jan. 1, 1904. Denomination, $500. Interest, semi-annual.
Maturity, Jan. 1, 1919; redeemable after Jan. 1, 1908, but not
more than two bonds
Lexington, N.
in
any one year.
C— Bond Offering.— Proposals will
be refor the $60,000 5% 40-year street-improvement, water-works and electric-light -plant bonds authorized at the election held Jnne 7. Date of bonds, July 1,
1904.
Interest semi-annually. Jno. H. Moyer is Mayor.
Lima (Ohio) School District.— Bond Sale.—On June 13 the
$15,000 5% school bonds described in V. 78, p. 2029, were
awarded to Geo. H. Marsh of Van Wert at 106166. Following are the bids
Geo. H. Marsh. Van Wert.... 116,926 00 S. Kuhn 4 Sons. Cincinnati... $15,830 00
Keder, Holzman & Co., Cln.. 16,920 00 Sec. Sav. Bk. & Tr.Co., Toledo 15.827 50
Noble, Moss & Co., Detroit.. 16.895 00 Weil, Both & Co., Cincinnati. 15,827 00
ceived until Angust
1
I
Hayden, Miller
&
.
|
.
i
Co., Cleve. 16.S04 00
I
We
are advised that " there were twenty bids received,
nearly all good."
Proposed Election.— At the meeting of the Board of Education June 18 it was decided to plaoe before the people
the question of issuing $50,0C0 bonds for the erection of a
third
new ward
building.
Lincoln, 111.— Bond Sale.- On June 15 this city sold to
the Mercantile Trust Co. for $25,267 50 the $25,000 refunding
bonds voted on April 19. Date, July 1, 1904. DenominaInterest at 4%, pavable semi-annually. Maturtion, $1,000.
ity, July 1, 1924, subject to call after July 1, 1914.
Lincoln County (Wash.) School District No. 19.— Bond
Sale.— On May 21 $1,500 i%% school-buildiDg bonds were
awarded to the State of Washington at par. Date of bonds,
June
1,
1904.
Liverpool Township (Medina County, Ohio,) School District.— Bond Offering.— Proposals will be received until 12 M.
to-day (June 18) by F. G. Ho< fh>r, Clerk of the Board of
Education at Liverpool, for $5,000 5% school-building bonds
voted at an election held May 19. Denomination, $500.
Bonds bear date of the day of sale. Interest, semi-annual.
A certified check for 3% of the amount of bonds bid for, made
payable to the Clerk of the Board of Education, is required.
Lockport, N. Y.— Bond Sale.— On June 13 the $4,500 4%
judgment bonds described in V. 78, p. 2847, were awarded to
the Farmers' & Mechanics' Savings Bank, Lockport, at
100'28 and accrued interest. S. A. Kean of Chicago c ffered
100-02 for the bonds.
Lorain, Ohio.— Bond Sale.- On June 6 the City Council
awarded $165,000 4% river-improvement bonds to G. H. Breyman & Co., Toledo, contractors, at par and accrued interest
from March 1 to date of delivery.
Bond Election.—The question of issuing $90,000 waterworks-improvement bonds will be voted upon at an election
to
be held July
12.
g£g]
McComb, Ohio.— Bonds Defeated.—This
district recently
voted against the issuance of $8,000 school-house-addition
Los Angeles was the purchaser of the $50,000 5% school bonds bonds.
mentioned in V. 78, p. 2347. The price paid for the bond s
Madison, Wis.— Bond Sale.— We are advised that this city
wai $58,225,
has sold $10,000 Q% 1-10-year (serial) registered Mound Street
Humphrey, Neb.— Bonds Not Fold— Bond Offering.— The paving bonds to local investors. Denomination, $180. In$5,600 refunding water bonds offered for sale May 17 were terest annually on April 1 at office of City Treasurer.
not sold, and we are advised by R. P. Drake, Village Clerk,
Bonds Authorized.—The issuance of $1,000 6# Rogers Street
that further bids will be received at any time. For descrip- improvement bonds has been authorized.
tion of bonds see V. 78, p. 1567.
Marengo, Mc Henry County, 111. Bonds Authorized.— The
Jamestown (N. f.) Union Free School District.— No City Council on May 5 passed an ordinance providing for the
Bonds to be Issued.— At a special election held in this dis- issuance of $4,500 5% coupon sewer-assessment bonds. Denomtrict June 9, the taxpayers vcted to raise the sum of $5,000 ination, $100.
Date, May 10, 1904. Interest, annual. Maturfor an addition to School District No. 1 by direct tax; there
ity, $500 yearly on May 10 from 1905 to 1913, inclusive.
fore no bonds will be issued.
Maricopa County (P. O. Phoenix, Ariz.,) Union High
Johnson School District No. 47, Whitman County, Wash. School District.— Bond Election.— On June 23 this district
Bond Sale.— On May 31 the $8,500 coupon school bonds de- will vote on the question of issuing $10,000 5% 20-year school
scribed in V. 78, p. 1977, were awarded to the State of Wash- bonds. Denomination, $500.
ington at par for 4% per cents. Following are the bids
Bond Election. An election will be held in
Marion, N.
State of Washington (4&i)
Par Royal Trust Co Chicago (6s).... $8,505 this town June 22 to vote upon the question of issuing $30,000
Morris Bros. & Christensen (5Hs)..Par S. A. Kean, Chicago (»•)
Par
water-works and sewer bonds.
Marion County (P. O. Indianapolis), Ind.— Bonds AuthorKalamazoo, Mich.— Bond Election.— An election will be
held in this city June 27 to vote upon the question of issuing ized.—The County Council on May 10 authorized the issuance
$82,500 bonds for various improvements, inclnding $20,000 of $842,000 bridge and culvert bonds.
Marshall County (P.O. Warren) Minn.— Bond Offering.—
for repairs upon the municipal lighting plant.
Kenmare, Ward County, No. Dak.— Bond Offering.— Proposals will be received until 2 p. m., July 14, by the Board
Proposals will be received until 8 p. m Jane 21, by V. A. of County Commissioners, at the office of the County AudDenomination, $3,500, exitor, for $85,413 42 ditch bonds.
Corbett, City Auditor, for one issue of $9,000 and one issue
of $7,000 6<S 20-year bonds.
Denominations, $500 and $1 ,000. cept one bond for $3,913 42. Date, July 1, 1904, Interest,
not to exceed 6^, payable annually on July 1. Maturity,
Interest, semi-annual,
Knoxville, Tenn.— Bond Election.— An election will be $3,500 yearly on July 1 from 1905 to 1918, inclusive, and
held July 2 to vote on the question of issuirg bonds for the $3,913 42 on July 1, 1914. Purchaser is to furnish blank
erection of a new water plant or for the purchase of the pres- bonds and to pay accrued interest, A certified check on some
national or State bank and payable to the order of the County
ent plant; also bonds to make various improvements.
Lake County (P. O. Two Harbors), Minn.— Bond Offering. Treasurer for 5# of the face value of the bonds is required.
—Proposals will be received until 10 a. m,, June 21, by the
Mendota, 111.— Bond Sale.— We are advised that this city
Board of County Commissioners, for the $45,000 5% coupon has sold $6,000 building bonds to local parties.
court-house bonds voted April 12. Denomination, $1,000.
Meridian School District, Santa Clara County, Cal.—
Maturity, $5,000 in 1919, and $10,000 yearly frcmJ1920 to 1928, Bond Sale.— On June 7 the $3,000 5% 2-4- year (serial) gold
—
:
,
I
|
,
C—
—
——
A
:
THE CHRONICLE.
2456
San Jose Safe Deposit Bank,
53,015 00
Ban Jose
Adams-Phillips Co., Los Ange. 8,004 10
Merrimac, Mass.— Bond Offering. — Proposals will be received until 12 m July 2, by Clifton B. Heath, Town Treasurer, for $84,000 4% water bonds, maturing |3.500 yearly on
July 15 from 1909 to 1932, inclusive, and $11,000 4% electriclight bonds, maturing $500 yearly on Jaly 15 from 1905 to
Denominations, water bonds, $500 and
1926, inclusive.
bonds, $500. Both issues are dated
electric-light
$1,000;
July 15, 1904, and interest is payable semi-annually at the
First National Bank of Boston. Above bonds were voted
,
C—
6 the
$12,000 4% 20-year consolidated-debt debentures described in
V. 78, p. 2029, were awarded to W. C. Fitzgerald for $12,050.
Following are the bids :
|
I
H. O'Haraft Co Toronto..
W. C. Brent, Toronto
,
.
.
11,910 00
11,8X8 00
I
T«r...$l 1,820 00
11,790 00
11.6:5 00
&
Dominion Sec. Corporation...
1
:
Milwaukee, Wis.— Bond Offering.— Proposals will be received until 10 a m., June 2a, by the Commissioners of the
Public Debt, at the office of the City Comptroller, for the
following coupon bjnds
$120,000 4% 1-20-yea- (serial)
60,000 4% 1-20-year (serial)
15,000 456 1-20-year (serial)
20,0i
4% 1-20 year (serial)
6.00J 4% 1-20-year (serial)
We
&
Januarv 30.
Middlesex County, Ont.— Debenture Sale.— On Jane
w. c. Fitzgerald
$12,060 00 Geo. A. Stimson & Co.,
Hanson Brothers. Montreal. 12,00« 00 Brouse, Mitchell & Co
&
securities
:
.
Vol. lxxviii.
have since been sold to E. C. Stan wood
Co.,
Boston, at 100-52.
Norwood, Ohio.— Bond Offering.— Proposals will be received unil 12 M., July 11, by W. E. Wicbgar, City Auditor,
at the office of J. A. Stewart, Room 813, Traction Bnilding,
Fifth and Walnut streets, Cincinnati, Ohio, for $6,000 4%%
Date,
Denomination, $500.
25 year electric-light bonds.
May 20, 1904. Interest annually. A certified check for 5$
of the amount of bonds, payable to the order of the City
Treasurer, is required. Authority, Section 2835 of the Revised Statutes of Ohio.
are advised that the
Bonds Not Sold.—
Oxford, N.
bids received on June 15 for the $46,000 5% refunding bonds
described in V. 78, p. 2080, were all rejected. Following
Sons, Cleveland; C. H.
were the bidders: W. J. Hayes
Coffin, Chicago, and Fuller, Parsons & Snyder, Cleveland.
Pasadena (Cal.) School District.—Bond Election.—
special election will be held in this district to vote upon the
question of issuirjg $25,000 school-building bonds.
Peabody, Mass.— Bond Sale.- On June 14 the $40,000 4%
1 20-year (serial) water bonds described in V. 78, p. 2348,
were awarded to Merrill, Oldham
Co., Boston, at 103-579.
Following are the bids
103-370
Merrill, Oldham &Co., Boston.. 108579 Moors ft Cabot, Boat on
K. L. Day ft Co., Boston
103539 Blodget. Merrltt A Co.,Bo8ton..l03SC0
103 210
E. C Stanwood ft Co.. Boston.. .J 0S-530 Adams ft Co.. Boston.
coupon school-house bonds described in V. 78, p. 2347. were
awarded to the First National Bank of San Jose at 101 717.
Following are the bids
First Nat Bank, San Jose
.13.081 60
Hank of Campbell. Campbell.. 3.060 00
3.016 00
Geo. R. Chambers
I
Flushing Tunnel bonds.
Are department bonds.
Are department bonds.
tire-department bonds.
fire-department bonds.
Denomination. $1,000.
Denomination, $1,000.
Denomination, $750.
Denomination. $1,000.
Denomination, 8250.
&
Bonds.
4M
$45,685 00
First National Baok, Butte
N. W. Harris & Co., Chicago
N. W. lialsey ft Co., New York
5% Bonds.
45,680 00
45,61000
46,186 00
Sons, Bo§ton...l0.i 076
A Co.. Boston.. 103"076
Lawrence Barnum ft Cd., N. Y..102-665
1011876
C. S.Butler....ft
Pittsburgh, Pa. -Bond Election.— The City Councils have
passed an ordinance providing for an election July 12
to vote upon a proposition to issue $5,000,000 4% bonds for
water purposes.
Pittsburgh (Pa.) Eleventh Ward School District.—
Bond Sale.— On June 15 the $48,000 4% 8u-year bonds described in V. 78, p. 2402, were awarded toN. Holmes & Sons,
Pittsburgh, at 102-56.
Plain City School District, Ohio.— Bond Sale.— On June
15, the $4,500 5£ school bonds described in V. 78, p. 2030,
were awarded to Hayden, Miller & Co., Cleveland, for
$4,790 70 and interest. A list of the bids will be given next
week.
Pleasant Ridge, Ohi».— Bond Sale— On June 9 the $3,C00
5% refunding street-improvement bonds described in V. 78,
p. 2080, were awarded to the German National Bank, Cincinnati, at 111-133 and accrued interest. The following are
the bids
German Nat. Bank, Cincin....$8,334 CO Western German B'k. Cln.... $8,300 00
Feder, Holzman & Co.. Cln.... 8,806 00 Well. Both ft Co.. Cincinnati.. 3.250 00
seasongood & Maver, Clncln. 8,806 75 Prov. Sav. B'k ft Tr. Co.. Cln. 8,270 00
were awarded to U. M. Stoddard
Co.,
Minneapolis, Minn., at 101-80 and accrued interest for 4%%
bonds. Following are the bids:
...
E. H. Rollins
Geo. A. Fernald
&
1,
M. Stoddard & Co.. Minneapolis
Union Bank & Trust Co.. Helena
-
On
Missoula County, Mont.
School District No.
—Mi-soula
Bond Sale.— On June 10 the $45,000 school bonds described
TJ.
IOS'410
108 400
103-S9O
June 7 this city sold
Petoskey, Mich.— Bond Sale.—
$22,000 4% 10-20-year (optional) water bonds to N. W. Harris
Co. of Chicago at 100311. Denomination, $1,000. Date,
June 1, 1904. Interest, annual.
Securities are all dated July 1, 1904. Interest semiannually at the office of the City Treasurer or at the Morton
Trust Co. of New York City. The principal of the bonds
may be registered at the option of the purchaser. Authority,
Chapters 40b and 41 of the Wisconsin Statutes for the year
1898 and A^ts amendatory thereof.
in V. 78, p. 1923,
108471
Jackson ft Cnrtls. Boston
Estabrook ft Co., Boston
Blake Bros, ft Co., Boston
N. W. Harris ft Co.. Boston
146,832 00
47.65160
Modesto (CaI.) School District.— Bond Election.— ku election will be held in this district June 21 for the purpose of
voting upon the question of issuing $40,000 5<J school bonds.
Denomination, $500. Maturity, $2,0U0 yearly fr jm 1905 to
1924, inclusive.
Montgomery County (P. O. Rockville), Md.— Bonds
Authorized —It is stated that this county has authorized the
issuance of $28,000 4% school b mds and $2,000 5% road bonds.
:
.
.
Atlas Nat. Bank. Cincinnati... 3,801
r.j
Hayden, Miller
ft
Co., Cleve.. 8,180 00
Port II uron. Mich.— Bond Sale.— On June 10 the $53,000
Union Free School District No. 3, Clinton refunding bonds described in V. 78, p. 2402, were awarded
County, N. Y. Bond Offering.— Proposals will be received to Farson, Leach & Co., Chicago, at 103-813. Following are
uotil 2 p. M,, June 23. by C. H. Humphrey. Secretary Board of the bids
Mooerg
:
Education, for $9,575 4% school bonds, Denomination, $500
except the last bond, which is for $575. Date, June 22, 1904.
Interest annually on December 1 at the Merchants' National
Bank, Plattsburg, N. Y. Maturity, $500 yearly on December 1 from 1907 to 1924, inclusive, and $575 on Deo. 1, 1925.
The school district has no debt at the present time. Assessed
.
valuation in 1903 was 100-970.
A
Mount Gtilead, Ohio.— Bond Election.— special election
will be held on June 80 to vote on a proposition to issue $45,000 sewerage bonds.
Mount Joy
. .
Portsmouth, Ohio.— Bond Sale.— All bids received June 8
street-improvement bonds (four
p. 2080, were rejected, but the
bonds were afterwards sold at private sale to Weil, Roth &
Co., Cincinnati, at 101 '56 and accrued interest. The followfor the $64,500 5% coupon
issues) described in V. 78,
(Pa.) School District.—Bond Offering.— Pro-
posals will be received until 12 M, Saturday, June 26 (so
given in the advertisement, but the 26th is Sunday), by J.
W. Eshleman, Secretary, for $15,000 %%t 10-30-year (op-
ing are the rejeoted bids
tional) coupon building bonds. Denominations, $100 and
$100, to suit purchasers.
Interest semi-annually at Mount
Joy. Bonos are free from taxation. Present bonded debt,
$8,000, Assessed valuation, $600,040.
Mount Vernon, Ohio.— Bonds Defeated—-The
proposition
Kuhn ft Sons, Cincinnati.. 26.010 00 llayden, Miller 4 Co., Cleve. 26.465 00
Weil, Roth
Co. of Cincinnati offered $26,160 for the
bonds, but their bid was received too late to be considered.
Newport, Ky.— Bond Sale. — On June 15 the Board of Sinking Fond Commissioners awarded the $85,0j0 4% 20 year refunding bonds mentioned in V. 78, p. 1131, to the Newport
National Bank, for $36,260 and interest. Following are the
bids:
Newport Nat. Bank Newport.f36.280 00 A. Kleybolte ft Co.. Clncln. $36 695 00
Union Snv. llk.&Tr. Co.. Cln. 36,976 60 Helvetia Saving* & Bauklug
Seasongood ft Mayer. Clncln. 85,9»S 10
Co., Cincinnati
35 675 00
|
i
Atlas Nat. Bank, Clnolnnatl. 36,660 00
some
of the details of the issue.
The
3
Sons and Union
Tr.Co.,Cincln.$64,948 00
Parsons
Cleveland
Fuller,
ft
ft
Bnyder,
64,848 00
Mayer, Clncln. 64,726 71
All bids include accrued interest.
Putnam County (P. O. Ottawa), Ohio.— Bond Offering.—
Proposals will be received by the Board of County Commissi ners until 12 M., July 22, for $45,000 6% bonds.
Maturity,
$5,000 yearly from 1905 to 1909, inclusive.
Radcllffe, Iowa.—Bond Offering. Proposals will be received until 12 M., July 1, by C. E. Myers, Town R-corder,
for the $4,100 414% refunding bonds which were authorized
by a vote of 48 to 8 at the eleotion held June 6. Date, Aug. 1,
Denominations, seven bonds of $500 and one of
1904.
Interest, semi-annually at First National Bank of
$600.
Cnicago. Maturity, Ang. 1, 1924,
certified check for
$100 required with each bid and the purchaser must famish
blank bonds. Total indebtedness of town, including this
issue, $8,000. Assessed valuation, $92,883; actual valuation,
$371,552. The official circular states that the town has never
defaulted on or contested the payment of the principal or
interest of any debt, and interest has been promptly paid on
all outstanding bonds.
Reading, Pa.— Bids. Eighteen bids were received on
June 16 for the $545,000 4% bonds described in V. 78, p.
2402. ' The firm of N. W. Harris
Co. of New York City
was the highest bidder, offering a premium of $31,735 75 for
the entire lot. The Council will hold a special meeting on
June 20 for the purpose of ratifying the award of the bonds
to N. W. Harris
Co.
&
—
Newport, R. I. Bonds Declined and Re awarded. We are
advised that Moors & Cabot declined to take the $150,000
$%i 60 year high- school bonds awarded to them on May 27,
regularity in
ft
Bank &
—
I
ir
Kuhn
Sav.
A
&
alleging
S.
—
8.
|
00
5n
90
00
Seasongood
&
Nat. Bank, Newport. 36.785 00
:
$«f>,175
Well. Both ft Co.. Cincln
Clnolnnatl Trust Co., Cincln. 65,168
R. Kleybolte ft Co.. Clncin.... 66,167
65,101
P. S. Brlggs ft Co., Clncln
to issue $12,000 6% street and
dike-improvement bonds
failed to carry at the election held June 6.
Napoleon, Ohio.-2?jnd Sale.— On June 7 the $25,000 4}£i
water and light bonds described in V. 78, p. 1513, were
awarded to the Provident Savings Bank
Trust Co. of Cincinnati at 105846 and accrued interest. Following are the
bids:
Prov. Sav. B'k A Tr. Co.. Cln. $26,461 50 W. R. Todd ft Co..Clnctnnatl.$2C,000 00
8ec. 8av. B'k & Tr.CcToledo 20,36z 60 Atlas Nat. Bank, Cincinnati.. 26.690 00
Feder, Holzman A Co.. Cln... )M),3 >3 60 HeasongoodA Mayer, Cln.... 25,578 25
Western German Bank, Cln.. 2«,100 00 Lamprecht Bros. Co., Cleve.. 25,462 50
German
For 4)4% Bondi—iCont.l
For i\i% Bond*.
Farson, Leach &Co.,Chlcago.$54,766 00 Lamprecht Bros. Co.. Cleve.. 158,035 00
Hayden, Miller ft Co., Cleve. 56,047 60 St. Clair Co.Sav.Bk.,PortHu. 63,000 00
Fuller, Parsons & Snyder,
11. C. Speer ft Co.. Chicago.... 54,765 00
63.000 00
Cleveland
Sec. Sav. Bk.ftTr.Co.,Toledo. 54.086 60
For 5% Bona*.
63,796 00
f. 8. Brlggs & Co., Clncm....
Devitt, Tremble ft Co., Chic $56,127 00
Denison, Prior ft Co., Cleve66,142 60
68.610 00 Spitzerft Co., Toledo
land and Boston
Cincinnati Trust Co., Clncin. 68,636 50 R. Kleybolte ft Co.. Cincln... 64,b77 00
E. H. Rollins & Sons, Chic... 53.600 00 Prov. Sav. B'k ft Tr. Co.. Cln 64,506 00
63,265 60 W. B. Todd ft Co.. Cincinnati 63.BO0 00
Noble. Moss ft Co., Detroit.
John Nuveen ft Co., Chicago. 53.136 00 Union Sav. B'k ft Tr. Co .Cln. 68,600 00
&
— —
June
—
—
We
:
New York
Jennlson, New York.
3"60*
H. Lee Anstey,
350$
Rochester Trust & Safe Dep. Co.,
Rocbest er
8"W>jt
Alliance Bank. Rochester
A%
Broadway Sav. lnatitut'n, N. Y...3-96*
June 15 this city awarded $607,000 2-months'
A'ofe Sale
notes and $120,000 8-monthe' notes to Blake Bros.
Co. and
Richmond, both firms of New York City, at their
Rhoades
joint bid of 1C0 05 for the 2 months' notes and 100 08 for the
8-months' notes, both issues to bear 3-50$ interest Following are the bids
—On
&
&
:
Blake Bros. & Co. and Rhoades
Security Trust Go.. Rochester
Lunt &
C. S.
1607,000 Notes.
for 3T>0s
Par for 3'iOs
& Richmond.. 10006
Co., RocliHBter
BochesterTr & Safe Dep. Co.. Rochester
J. S..& R. D. Farlee, New York
F.E. Jennlson. New York
Parfor8-xls
Par f or 339s
$120,^00 Note>.
10008 for 3-fiOs
Par.for390s
I'-ir for 3U8s
Par for 4'60s
15 prera. and
par t«r 3 hSh
bunas and
15
{
E. D. Shepard & Co.. New York
*par°for VsOs
par for 4s
$6 prem. and par for 3 s6s
H. Lee Anstey, New York
Par for 8 86s
Broadway Sav. Inst., New York, (120,000 for 8 months, par for 3 95s, or tlOU.OOO
for n months, par for 3"90s.
Alliance Bank, Rochester, $250,000 for 2 months, par for 3-50s.
{
VarTor
3?«6g
-
-
Rockingham, N. C.—Bond Sale.— It is stated that this
town recently sold $10,000 t% 80-year school bonds to F. M.
& Co.,
Chattanooga, at 112 725.
Rogers (Texas) School District.— Bond Election Illegal—
We are advised that the election held April 16, at which
Stafford
$12,000 5% school-building bonds were authorized, was contested, and to keep the matter from being tied up in the
courts the contestants were allowed to take their judgment
by default.
new election will probably be held in the
near future.
Salem, Va.—Bonds Voted.— This town, on June 14, by a
vote of 179 for to 27 against, authorized the issuance of $35,000 water supply and improvement bonds. Interest not to
exceed 6£. Maturity, 30 years.
are advised that the
bonds will be offered for sale in the near feature.
San A iigelo, Tex. Bonds Proposed.—It is stated that this
city proposes to iseue $20,000 i.% 40-year public-school-im-
A
We
provement bonds.
NEW
NEW
LOANS.
HUDSON COUNTY,
Scooba,
Kemper County,
N.
J.,
Town
of
bulance
is
being considered.
ing railway-aid bonds. Date, July 10, 1904. Maturity, $6,000
yearly on July 10 from 1905 to 1909, inclusive. Authority,
Act of Legislature of 1865, as amended in 1877-79, and election held in April, 1904.
Sharpsburg (Pa.) School District.— Bonds Defeated.—
This district on June 7 defeated a proposition to issue $65,000
school-building bonds, the vote being 269 for to 847 against.
propoShasta County. CaL— Bond Election Proposed.—
sition to issue $200,000 bonds may be submitted to a vote of
the people at a special eleotion to be called next month, according to local reports.
Sheridan School District No. 5, Madison County, Mont.
Bond Sale.— On June 1 the $7,000 5i school bonds described
in V. 78, p. 1980, were sold to the Union Bank
Trust Co.,
Helena, for $7,030.
Silver Creek, Miss.— Bonds Authorized.—The issuance of
$2,500 6% school- building bonds has been authorized. The
bonds to be issued will, it is stated, be supplemented by private subscriptions, tnue enabling a building to be erected
costing about $8,500 or $4,000. This town was recently
chartered. Capt. J. J. Danson is Mayor and R. L. Longino
is Treasurer.
Sloan (Iowa) Independent School District. Bonds Voted.
This district last month, by a vote of 43 to 8, authorized
the issuance of $1,500 school bonds.
Sonora, Tuolumne County, CaI.— Bonds Voted.— This city,
it is stated, has voted to issue $50,000 street, sewer and firedepartment bonds.
Sterling Township, Whiteside County, III.— Bond 8ale.—
On June 7 the $86,500 4* bridge bonds described in V. 78, p.
A
—
&
—
West Hoboken
SCHOOL BONDS.
-20th,
1904,
for the sale of bonds for the following improvements, viz.:
(1) $155,000 for the share of the County of Hudson in the erection of a bridge over the Hackensack River on the Newark PJankroad, to be
Issued under Cbaoter 6, of the Laws of 1903,
page 17, approved February 26, 1903.
(2) $46,000 for the building of a bridge on Arlington Avenue over the tracks of the Newark &
New York Railroad, to be issued under Chapter
41, of the Laws of 1900, page 66, approved
March
16. 1900.
improvement of the Paterson
Plankroad, from the rise of the hill at Secaucus
bridge
across the Hackensack River, to
to the
be issued under Chapter 51, of the Laws of 1900,
page 91, approved March 20, 1900, and the
amendment thereof. Chapter 26, of the Laws of
1902, page 47, approved March 20. 1902.
All of the above issues to bear interest at (4) four
per cent per annum, payable semi-annually to bear
date the flrnt day of July, 1904, each of said
Issues to be in one or more register cd bondn of
the County of Hudson, and to be sold for not less
than par and accrued interest.
$150,000 for the
,
;
The $155,000 and $46,000 of bonds to run twenty
years from date; the $150,000 of bonds to run ten
years from date.
Each bid must be accompanied by a hank or
certlilrd check upon some National Rank or
Trust Company, to the order of Stephen M.
Egan, I ounty Collector, or cash in the following amounts:
(1)
(2)
(3)
On
the bid for the $155,000 issue of bonds, the
amount
is
amount
is
On
On
$5/ 00.
the bid for the $150,000 Issue of bonds, the
$0,000.
the bid for the $46,000 issue of bonds, the
amount Is $3,000.
Each proposal or bid must be enclosed in
a seal r d
envelope, endorsed " Proposals for Bonds," and to
be accompanied by the bank or certified check or
cash, as aforesaid.
Bidders
may
NEW
LOANS.
Sealed proposals will be received by the Town
Council of the Town of West Hoboken at the Council Chamber in the Town Hall, corner of Clinton
Avenue and Charles Street, on WEDVESDAT
at 4 o'clock, P. M.,
bid for the whole or any part of each
Issue thereof.
EVENING.tJUNE TWENTY-NINTH, NINETEEN
HUNDRED AND
FOUlt. at eight o'clock, for the
purchase of aa issue of one hundred and fifty thousand dollars of the bonds of said town, to be issued
in its corporate name, under the provisions of the
Act of the Legislature of New Jersey entitled "An
Act to establish atboroughand efficient system of
free public schools and to provide for the matnte
nance, support and management thereof." approved
October 19,1903, and the Acts supplementary tberteto
and amendatory thereof, For the purpose of raising
money for the purchase of lands for school purposes
and for erecting aud furnishing school nouses. The
bonds to be issued will be of the denominations of
one thousand dollars each (that is to say one hundred and fifty bonds of one thousand dollars each)
and will bear interest at the rate of four per cent
per annum, payable semi-annually, shall bear date
as of the first day of August, one thousand nine
hundred atid four, and be payable so and in such
manner that three thousand dollar* of the issue
(that Is to say, three bonds of one thousand dollars
each) shall mature annually the purchase price to
be paid and the bonds delivered on the first day of
August, one thousand nine hundred and four, at the
office of the Town Treasurer.
Each proposal must be accompanied by a deposit
of three tbausand dollars in cash or by a draft or
check for that amount, payable to the order of the
Town Treasurer, and certified by some responsible
bank or trust company; the deposits of the unsuccessful bidders shall be returned Immediately after
the award of the bonds Is made: the deposit of the
successful bidder will be retained and .applied as a
payment on account of the purchase price or in case
of his failure to take the bonds at the appointed
time will be retained br the Town Council and be
;
applied to any deficiency of price that may arise
in case the Town Council shall be obliged to sell or
award said Issue of bonds to any other person, and
will be applied also to any cost or expense Incurred
in re-advertising.
No conditional bids will be reoeived, and the Town
Council reserves the right to reject any and all bids
If deemed for the Interest of the town so to do.
By order of the Council.
JOHN P. MCMAHON.
Town Clerk.
bids if it deems
bo to do.
It
JOHN
P.
The City of Mount Vernon,
Westchester
E.
N. T.,
The Common Council will, at the Lucas Building,
Depot Place, in the City of Mount Vernon, on the
27th DAY OF JUNE. 1904, at 8 P. M.. receive
sealed proposals for the purchase of one hundred
and ten (110) Refunding Bonds of said City of
Mount Vernon, numbered consecutively as is»ued
from one (1) to one hundred and ten ( id), both Inclusive, and the said one hundred and ten (110)
bonds will be sold to the highest bidder at a public
sale to be held at said time and place.
These are a series of bonds which are authorized
to be Issued under and pursuant <o Chapter 349 of
the Laws of 1904. Kach bond will be for the principal sum of One Thousand ($1.00u) Dollars, and will
bear interest at the rate of four per cent per annum,
payable semi-annually at the ottice of the City
Treasurer of the City of Mount Vernon. They will
be dated July 1st, 1904, and be payable as follows
S2o,000on the 1st day of July. 1914.
$20,000 on the 1st day of July. 1915.
$i0,000on the 1st day of July. 191d
120,000 on the 1st day of July, 1917.
J30.000 on the 1st day of July. 1918.
The bonds will be delivered to the purchaser on or
before the 16th day of July. 1904.
Each bid for the said Kef ruling Bonds must be
accompanied by a certified check for Twn Thousand
($',000) Dollars as an evidence of good faith.
That said Common Council will at said time open
such proposals as may be received and reserves
the right to accept the bid or bids which it deems
to the best interest of the city and to reject all of
1
said proposals.
By statute the
bonds cannot be sold for
less
than
par and accrued Interest.
This notice i» published pursuant to a resolution
of the Common Council of the City of Mount Vernon ordering the same and bearing date the 7th day
of June, r.' >4.
EDWARD F.
W. REYNOLDS.
BRUSH,
Mayor.
City Clerk.
MacDonalcL,
Rudolph Kleyboltefc Co.
BANKERS,
Co.,
REFUNDING BONDS.
MoGoy
MUNICIPAL AND
EGAN,
Clerk.
LOANS.
#1 10,000
<fc
Co.,
CORPORATION
BONDS.
The Board reserves the
right to reject any or all
for the best interests of the County
elec-
Seven Hickory Township (P. 0. Bnshton), Coles County,
Hi.— Bond Offering —Proposals will be reoeived until 12 m.,
June 25, by H. Z. O'Hair, Supervisor, at the office of the
Treasurer of Coles Countv at Charleston, for $30,0u0 refund-
virtue of three separate resolutions of the
Board of, Chosen Freeholders of the County of Hudson, N. J., passed at a meeting held on Thursday,
June 2, 1904, sealed bids and proposals will be received and opened at a meeting of said Board, to be
held in the Court House, Jersey City, N. J., on
By
Bond Election.— An
Miss.
tion is to be held in this town to vote upon the question of
issuing bonds for a more plentiful water supply.
Seattle, Wash.— Bond Election Projiosed.— The question
of holding an election to vote on the iesuance of $150,000
bonds to construct a new building for the city jail, police department, emergency hospital, health department and am-
GOLD BONDS.
(8)
:
2457
$150,000
S351,000
MONDAY, JUNE
—
THE CHRONICLE.
18, 1904. J
Ripley, Tenn. Bonds Voted. This town on Jnne 7 authorized the issuance of $3,000 30-year school bonds.
are advised that
Rochester, N. Y.— Temporary Loan.—
this city has awarded |85,000 2 months' certficates of indebtedness to H. Lee Anetey, New York City, at 3'50g discount and a premium of $1. Following are the bids
F. E.
u
171
La Salle
Street, Chicago.
DEALERS IN
MUNICIPAL, RAILROAD and Blodgct, Merritt & Co.,
MUNICIPAL BONDS.
BANKERS
STREET RAILWAY
C. STANWOOD & Co.
16 Congress Street, Boston.
BONDS.
BANKERS,
30 NASSAU STREET, NSW YORK.
1 NASSAU STREET, NEW YORK.
95 Milk Street,
BOSTON.
Interest Paid on Daily and Time Deposits. STATE. CITT k RAILROAD BONDS.
—
THE CHRONICLE.
2458
&
2848. were awarded to N. W. Halsey
Co., Chicago, at
100 678 and acorued Interest. Following are the bids
N. W. Halsey A Co., Chic
138.747 47 N.W. Harris * Co., Chicago. .*86,529 00
K. H. Rollins* Song Chic... 36.700 75 Trowbridge * Nl ver Co..Chlc. 88,150 08
36,2*260
B. Kleybolte* Co., Cincln... Sb,537 00 S. A. Kean. Chicago
week's Chronicle. Date, July 1, 1904. Denomination,
Interest, annually at Nebraska fiscal agency in New
York City. Maturity, one bond yearly on July 1 from 1906
to 1910, inclusive. Certified check for 2% of bid, payable to
C. A. Smith, Treasurer, required. Authority for issue, Legislative Act of 1899.
The district has no debt at present.
Assessed valuation, $95,000.
Toledo, Ohio.— Bonds Authorized.—The City Council on
June 6 passed an ordinance providing for the issuance of
$3,745 68 4% coupon sewer construction bonds. Date, June 8,
1904.
Interest semi-annually at the office of the City
Treasurer. Maturity, not to exceed $1,945 68 in any one year
last
$1 ,200.
•
Spokane County (Wash.) School District No. 25.— Bond
Sale.— On May 20 $3,000 6$ building bonds were awarded to
the Spokane & Eastern Trust Co. of Spokane at par. Denomination, $500. Date, Jane 1, 1904. Interest annually in June.
Sprit gfl eld, Mass.— Temporary Loan.— This city recently
borrowed $200,000 from Blake Bros. & Co. of Boston at 3 -\Q%
Notes are dated June 7, 1904, and mature Nov. 10,
discount.
1904.
Springfield, Ohio.— Bond Sale,— On June 14 the $6,000 4%
city-prison bonds described in V. 78, p. 1926, were awarded
to the Springfield Savings Bank at 100*50 and interest. Jackson
Curtis of Boston offered a premium of $29 52.
Snmmlt County (P. O. Akron), Ohio.— Bond Offering.—
Proposals will be received until 10 a, m., Jaly 1, bv the
between 1905 and 1906, inclusive.
Topeka, Kan.— Bond Offering.— Proposals will be received
until 5 p. M., July 2, by J. H. Squires, City Clerk, for $40,000
&
Traverse City, Mich.— Proposed Election.—The City
Council on June 6 decided to hold a special election to vote
on the question of issuing $20,000 water bonds.
Trenton, Micb.— Bonds Authorized. —The Village Council
of County Commissioners— M. D. Bnckman, Clerk—
for $2,160 5i coupon bonds. Date, day of sale. Interest annually on July 1. Maturity, one bond of $700 July 1, 1905;
one bond of $700 July 1, 1906, and one bond of $760 July 1,
Purchaser must furnish blank bonds free of charge.
1907.
Tacoma School District No. 10, Pierce County, Wash.—
Bond Sale.— On June 10 the $200,000 school bonds described
Co. of Cinin V. 78, p. 1980, were awarded to Kleybolte
cinnati at a premium of $6 and interest for 4% per cents.
Sons, Chicago; Fidelity
Other bidders were E. H. Rollins
Trust Co., Tacoma; State of Washington; W. J. Hayes
Sons, Clevefand, and four other companies. S. A. Kean of
Chicago submitted a bid, but it was received too late for
consideration.
Taylor School District, Pa.— Bond Election Proposed.—
resolution was recently adopted by the School Board providing for the submission to a vote of the people the
question of issuing $40,000 high-sohool bonds.
recently authorized the issuanoe of $3,007 judgment bonds.
Troup County (P. O. La Grange), 6a.— Bond Election.—
An election will be held in this county July 16 to vote on the
question of issuing $50,000 4% court-house bonds. Denomination, $1,000.
Date, Sept. 1, 1904. Interest annually on January 1. Maturity, $12,000 Jan. 1, 1910; $12,000 Jan. 1, 1915;
$12,000 Jan. 1, 1920, and $14,000 Jan. 1, 1925. These bonds,
as we mentioned in V. 78, p. 2032, were to be sold on May 16,
but the offering was withdrawn. The cause was that the
bonds were not validated by the Judge of the Superior Court
(such validation being required by law) for the reason that
the notice of the election had not been advertised 30 days
prior to the election, but only 26 days, it having been inserted
four times in a we*kly newspaper.
Twin Valley, Minn.— Bond Offering.— Proposals will be
received until 8 p. m., July 5, by A. Anderson, Village Recorder, for $8,000 %% 15-year water and light bonds. Date of
bonds not yet decided upon. Denomination, $500. Interest
annually in May. Authority, General Laws of 1908, Chapter
&
&
,
A
Tifton, 6a. Bonds Proposed.—This town has under consideration the issuance of $20,000 school-building and $30,000
water and sewer bonds.
Tilden (Neb.) School District No. 80. -Bond Offering.—
Proposals will be received until 12 M., June 25, by E. E. Crue,
Director, for the $6,000 5% coupon school bonds mentioned in
NEW
NEW
LOANS.
#1,000,000
improvement bonds.
b% general
Board
&
[Vol. lxxviil,
200, etc.
Washington County, N. T.— Note Sale.— On June 14 the
two issues of 5% notes, aggregating $80,000, described in V.
INVESTMENTS.
LOANS.
Borough of Swissvale,
Pa.,
$15,000 Sewer Bonds.
CITY 0FHARTF0RD, Cone.
Sealed proposals will be received by the City
Treasurer, at his office In the City of Hartford, until
WEDNESDAY. THB 29TH DAY OF JUNE,
1904, at
% o'clock P. M., for the purchase of the whole or any
part of the above-named bonds, amounting to one
million dollars (*1,000,000), to be Issued Aug. 1, 190),
and maturing July 1, 1954 with Interest at three and
one-half per cent (3H%) per annum, payable semi
annually (January and July). Principal and interest
payable In gold coin of the United States, of the
present standard of weight and fineness.
These bonds are authorized by the Legislature of
the State of Connecticut, and by the Court of
Common Council of the City of Hartford, and are
for the purpose of providing funds for the building
of a bridge across the Connecticut River at Hartford, and the approaches thereto.
These bonds will be Issued as coupon bonds of
$1,000 eaoh, and reenterable at the option of the
holder, both as to principal and interest, by surrender of unpaid coupons and registration endorsed
on bond.
Payments in full to be made by certified checks
and bonds to be delivered Aug. 1. 1904, at the City
Treasurer's office, or In case the bonds are not ready
for delivery at such time, temporary receipts will
The Finance Committee of the Borough of
Swiss-
vale, Pennsylvania, will receive sealed bids up to
and including JUNE 30TH, 1804, for the sale of
Fifteen Thousand ($15,000) Sewer Bonds and also
for the sale of Thirty-five Thousand ($36,000) Street
Improvement Bonds. Bidders may bid for both or
for either bonds. These bonds are authorized by
law as follows: the Sewer Bonds by proceedings in
the Quarter Sessions Court of Allegheny County,
Pennsylvania, bonded indebtedness No. 9, December
Sessions 1901, and the Street Improvement Bonos,
same court, etc., at No. 10 March Sessions 1902. Both
bonds bear interest at the rate of four (4) per cent
per annum, payable and calculated in semi-annual
coupons, bonds maturing at the usual times and
years— purchasers to pay taxes. If any, on the bonds.
The total Issued bonded indebtedness, lncludirg the
above proposed bonds, will be $116,0 0, or 2 3869 per
40 Water Street,
BOSTON.
right
reserved by the Mayor and Treasurer,
acting Jointly, to reject any or all bids. Bids less
than par will not be considered.
Proposals muBt be accompanied by certified check,
payable to the order of the City Treasurer, for 2 per
cent of the par value of the bonds bid for, as a
guaranty of good faith. On acceptance of bid or
bids, all checks so deposited will be returned to the
depositors, except those of the successful bidden,
which will be held, considered and accepted as part
payment for the bonds as awarded or sold.
8 Nassau Street,
NEW YORK.
MEMBERS
STOCK EXCHANGES.
STATE, MUNICIPAL, AND HIGH GRADE
RAILROAD SECURITIES.
NEW YORK
CITY
-
cantum of the present taxable valuation of property
in the Borough of Swissvale, which is $4,859,805. The
old valuation at time of authorization of the above
bonds was $2,877,215.
3&<*>
No bid for less than par can be received. Bids to
be marked ''Proposals for Bonds" and addressed to
Robt. K. Keuo, Chairman Pinance Committee, Swiss
Pa
vale,
ROBERT
E.
D.amond
TAX-EXEMPT BONDS.
RENO.
Chairman hi nance Committee.
JAS. G. HAYS. Borough Solicitor.
432
GOLD
Street, Pittsburgh, Pa.
T.W.STEPHENS & CO.,
2 Wall Street,
New
York.
ii
CIIAS.
FARS0N. LEACH &
fartford. Conn..
June
AND
Public
CHICAGO.
NEW
YORK..
BOSTON
PHILADELPHIA.
BOSTON.
DenTer.
T. B. POTTER,
MUNICIPAL and
Established ISSJS.
BONDS, H.
C. Speer
172 Washington Street,
CHICAGO,
.
.
.
LIST ON APPLICATION.
159 La Salle
ILL.8
Corporation
E.H.ROLLINS & SONS.
15. 1904.
CORPORATION
Service
BONDS.
si.OCUM,
II.
MUNICIPAL
00..
Public Securities,
City Treasurer,
I
CO.,
NEW YORK AND BOSTON
be issued.
The
DAY &
BANKERS,
$35,000 Street Improvement Bonds.
Connecticut River Bridge Bonds.
L.
R.
CITY,
& Company
St.,
COUNTY
AND TOWNSHIP
Chicago.
"^ w "
BONDS.
=-^J
F.
Chicago.
San Francisco.
R.FULTON & CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
——
June
THE CHRONICLE.
18, 1904.]
were awarded to the Cambridge Valley National
of Cambridge, N. Y., at par. There were no other
bidders.
Wellston, Ohio. Bond Sales.— On June 9 this city sold
|5,500 5% fire-department bonds to the Security 8avings Bank
Trust Co. of Toledo at 104-909. Maturity, |500 yearly on
July 1 from 1906 to 1916, inclusive.
On the same date the city sold |3,500 5g city-building-repair bonds to the Western German Bank, Cincinnati, at
103'85.
Maturity, $500 yearly on July 1 from 19«.6 to 1912,
inclusive.
Bonds of both issues are dated July 1, 1904. DenominaInterest, semi-annual.
tion, $500.
Wellston (Ohio) School District.— Bond Sale.— On M*v 24
the $20,000 4}£t school-house bonds described in V. 78. p.
Trust Co.,
1926, were awarded to the Union Savings Bank
Cincinnati, at 103 29.
West Covington, Ky.— Bond Sale.— On June 9 the $12,800
4%$ 5-year street and sewer-improvem°nt bonds deecribed in
V. 78, p. 2038, were awarded to W. R. Todd
Co., Cincinnati, at 101*649 and accrued interest. Following are the bids:
bonds. Date, July 1, 1904. Denomination, $500. Interest,
semi-annual. Maturity, July 1, 19.4. Authority, Aot of
State Legislature approved June 13, 1898, and the supplements thereto approved March 23, 1899, and March 20, 1901.
The successful bidder must pay accrued interest and the expense of printing the bonds.
Wooster, Ohio.— Bond Sale.— On June 11 tbe $60,0C0
coupon refunding nonds described in V. 78, p. 2350, were
awarded to H. C. Speer & Co. of Chicago at 100-208. W. R.
Todd & Co. of Cincinnati bid $60,025.
Sale.— We are advised that the
Worcester, Mass—
78, p. 2404,
Bank
&
H
Bmd
$31,000 3}^* 10-year street-paving bonds mentioned in last
week's Chronicle, p. 2405, have been awarded to Fiek
RabinsoD, New York City, on a 3'43$ basis.
Wyandotte County (P.O. Kansas City), Kan.— De/crip
tion of Bonds.
The $165,000 bridge bonds which we stated
last week had been sold to the Merchants' Bank and the
Wyandotte State Bank of Kansas City, Kan., carry \%% interest, payable semi-annually January and July.
Bonds are
dated July 1, 1904, and mature in from 20 to 30 years. Denomination, $1,000. The bonds were awarded on June 2 and
the price paid was par.
June 14 the $45,000 4*
Xenia, Ohio.— Bond Sate.
lateral-sewer bonds deecribed in V. 78. p. 2083, were awarded
Sons, Cincinnati, at 100'875 and interest. Folto S. Kuhn
lowing are the bids:
&
—
&
&
ToddACcClncin
$13,01100 Seaiongood & Mayer, Cincln.* 12,825 00
A Co.. Cincinnati. 12,910 00
All bids include accrued interest.
West New York (N. J.) School District.—Bond Sale.—
This district has sold the $50,000 5% coupon school bonds described in V. 78, p. 2850, to O'Connor & Kahler, New York.
Westwood, N. 3.— Bond Offering.— Proposals will be re-
W.
a.
I
Well, Roth
2459
-On
]
&
Kuhn St Sana. Cincinnati, par,
W. B. Hares & Sons, Cleveland,
S.
1108 75 premium and interest.
par less (400 for attorney fees and blank
bonds.
ceived until 8 P. m., June 22, by tbe Mayor and Council, for
$20,000 4% coupon macadam bonds. Denominations, $600
and $1,000. D^te, Aug. 1, 1904. Interest semi-annually ;at
tte Hackensack Trust Co., Hickensack, N. j. Maturity,
$600 yearly on February 1 from 1906 to 1915, inclusive, and
$1,000 yearly on February 1 from 1916 to 1929, inclusive.
Cash or a certified check for $500 on a national bank is required. Warren H, Stagg is Borough Clerk.
Wicomico County, Md.— Bond Sate.—Oa May 31 the $20,000
A.% high- school building bonds deecribed in V. 78, p. 1981,
were awarded to Hambleton
Co., Baltimore, at 100*025.
Woodbnry, N. J. Bond Offering.— Proposals will be received until 8 P. M
June 21, by Ernest Redfield, Collector
and Treasurer, for $20,000 i.% registered street-improvement
Seasongood & Mayer, Cincinnati, par if agreed on expenses.
Well. Hotb & Co., Cincinnati, par, 960 premium aod inierest.
Farson, Leach & Co., Chicago, par less MOO for expenses.
Y.— Bond Offering.— Proposals will be received
m June 21, by the Board of Water CommisW. Kingsbury, Clerk, for $50,000 4# registered
Yonkers, N.
until 7:30 p
sioners, A.
,
water bonds. Bonds will be in denomination to suit purchaser. Date, May 15, 1904. Interest semi-annually in
April and October. Maturity, April 1, 1924.
certified
check for $1,000, made payable to
H. Doty, Treasurer
of the Board of Water Commissioners, is required.
Authority, Chapter 580, Laws of 1900.
Bonded debt, including this
Sinking fund June 15, 1904, $832,215 19.
issue, $4,052,508.
A
Wm.
&
,
Assessed valuation 1908, $43,464,360.
INVESTMENTS.
INSURANCE.
BOND DEPARTMENT.
THE AMERICAN TRUST
& SAVINGS BANK,
ATLANTIC
Chicago,
Offers
Railroad,
OFFICE OF THE
MUTUAL INSURANCE COMPANY,
New York, January 20th, 1904.
The Trustees, in Conformity with the Charter of the Company, submit the following statement of
its affairs on the 31st of December, jqoj ;
Illinois.
Municipal and Cor- Premiums on Marine Risks from let January, 1903, to 31st December, 1903.
Premiums on Policies not marked off 1st January, 1903
$3,174,147 73
800,368 56
poration Bonds, conservatively issued,
Total Marine
yielding investors 4% to 5%%.
Premiums marked
Printed
and prices
application.
lists
Perry, Coffin
&
upon
$3,974,516 29
Premiums
$3,250,364 45
from 1st January, 1903, to 31st Deoember, 1903
$336,185 20
Taxes
$448,108 97
111,923 77
off
Interest received during the year
"
"
"
less
Rent
Losses paid during the year which were estimated
in 1902 and previous years
Losses occurred, estimated and paid in 1903
$1,387,632 62
Burr,
INVESTMENT BONDS
60 State Street,
BOSTON.
$322,490 79
1,065,141 83
Less Salvages
$146,587 55
64,028 75
„
Reinsurances
210,616 30
$1,177.016 32
Returns of Premiums and Expenses, $467,841 97
The Companv has the following Assets, viz.:
$5,170,084 OO
United States and otatoof New York Btook; City, Bank and other Securities
1,612,252 53
Special deposltb in Banks and Trust Companies
Keal Estate corner Wall and William Streets and Exchange Place... $3,789,000
75,000 3,864,000 00
Other Real Estate and Claims due the Company
Premium Notes and
Cash
in the
Bill
1,107,221 88
Receivable
hands of European Bankers to pay losses under policies payable in
182,001 68
89,461 72
foreign countries
INVESTMENT BONDS.
SEND FOR
LI8T.
BONDS
ROHTOM.
AiND STOCK
CERTIFICATES
Handsomely engraved, or In cheaper style
(not cheap looking) partly printed from
type.
Send for samples and estimates.
100 Certificates *3 to $25. Seal Press $1 50. Quick WorK
Albert B. King & Co.,
Engravers and Lithuyraphers,
105 William Street
New York City
Atlantic
Mutual Insurance Company Sorts
Years Bought and Sold.
•f All
JOHN M. GILLESPIE,
Boom
No. 518 Atlantic Building,
49-51 Wall Street,
NEW
Amount
$12,025,021 81
Six per cent Interest on the outstanding certificates of profits will be paid to the holders
jereof or their legal representatives, on and after Tuesday ,tha second of February next.
The outstanding certificates of the issue of 1 898 will be redeemed and paid to the holders
thereof, or their lega. representatives, on and after Tuesday, the second of February next, from
which date all interest thereon will 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 31wt December, 1903, for which, upon application, certificates will be issued
By order of the Board,
on and alter Tuesday, the thiid of May next.
,
DENISON, PRIOR & OO.
CLEVELAND.
ash In Bank
YOBS.
G.
STANTON FLOYD-JONES,
Secretary.
TRUSTEES.
SCSTAV AMSTNCK,
FRANCIS M. BACUS,
JOHN N. BKACH.
WILLIAM B. BOULTON
rUKNON H. BROWN
'VALDRON P. BROWN.
JOSEPH H. (HAI'MAN,
GEORGE <\ CLARK.
;X>KNELIUS EI,DERT.
TWALD FLEITMAN'N,
HERBERT
L.
GRIGGS.
l.KMK.ST A. G1USCOM,
ANSON \V. HAKI),
(
MORRIS K. JB8UP.
LEWIS CASS LEDVARD,
FRANCIS II. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVKLL,
GEORGE II. MACY.
C1IARLE9 H. MARSHALL,
W. H. II. MOORE,
A. A.
RAVEN,
LEVI P. MORTON,
HENRY PARISH,
FREDERIC A. PARSONS
DALLAS B. PRATT,
GEORGE W. QUINTARD.
A. A. RAVEN.
JOHN L. RIKER,
DOUGLAS ROBINSON.
GUSTAV H. SCHWAB,
WILLIAM C. STUKGK8.
President.
A PARSONS, Tiee-Pres't.
CORNELIUS ELDERT, 2d Viee-PrufU
F.
THEO.
P.
JOHNSON, 3d
Tiee-Pres't.
THE CHRONICLE.
2460
&cc0trotatits.
[Yol. Lxxvrn.
Jftrxaucial.
Wilkinson, Reckitt,
Williams & Co.,
The American Mfg. Co.
BOWLING GREEN
TRUST CO.,
26
Certified Public Accountants,
(Illinois)
MARQUETTE BUILDING,
MANILA 8I8AL AND JUTE
Capital, $2,500,000 Snrplug,$2,500,OO0
CORDAGE.
OFFICERS!
CHICAGO.
S3 Broadway,
EDWIN GOULD
President
WILLIAM H.TAYLOR. ...1st Vlce-Pres.
York.
HAS. P. ARMSTRONG
2d Vlce-Pres.
JOHN A. HILTON, 3d Vlce-Pres. & Treas.
WILLIAM M. LAWS
Secretary
Stephen GIrard Bids.,
NEW YORK.
PHILADELPHIA.
65
Wall
New
Street,
t
LYBRAND,
ROSS BROS &
DIRECTORS:
MONTGOMERY,
WHITING'S PAPERS.
(Pennsylvania)
Stephen GIrard Building,
PHILADELPHIA.
Broad Exchange
-
BALTIMORE.
HASKINS & SELLS,
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad
30 Coleman
Street,
New
Street,
London, E. C.
Cable Address,
Chicago.
Itanof
York.
"HASKSELLS."
Cleveland.
St.
Pittsburgh.
Louis.
Whether for letter written with your own hand, or
bylthe typewriter, are UNEQUALED. Their quality
Is assured and they have won highest honors at all
the great World's Fairs. For high grade writing
papers of all kinds, for bond papers, and for ledger
papers, Insist on having them made by the
WHITING PAPER COMPANY,
York.
New York.
YORK, 42 Broadway.
CHICAGO, Marquette Building.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy Building.
WM. FRANKLIN HALL
Accountant,
Exchange Building
S3 8tate Street
BOSTON, MASS.
Books audited. Examinations and investlg*
Uons conducted with the utmost
care and efficiency.
No. 100
i-Z
PUBLIC
238
00.,
ACCOUNTANTS,
Broadway, New York.
I.
a Salle Street. Chicago.
CERTIFIED PUBLIC ACCOUNTANT.
NEW
YORK.
Tel. 4261 John.
1850.
1904.
The United
States Life
(Issued Semi- Annually
Commercial
<fe
THE CITY OF NEW YORK.
Financial Chkoniclb.
P.
Munn, M.D.,
President.
Finance Committee:
W.
Active and successful Agents who desire to
make DIRECT CONTRACTS with this wellestablished and progressive Company, thereby
securing for themselves not only an immediate
return for their work, but also an Increasing
annual Income commensurate with their
w
are Invited to communicate
th
RICHARD E. COOHKAN, 3d Vice-President,
at the Company's Offloe, 277 Broadway, New
York
Assets, over $8,760,000.
in 1903,
RANDALL,
B.
F.
Trust
Officer.
LEWIS, Manager.
JOHN BAMBEY
Manager.
CONTENTS:
Railroad Securities.—Statement showing
outstanding Stocks and Bonds and also the
Income for a series of years past, as well as
the amount applicable to Interest charges, or
Railroads whose securities are commonly
sold In the markets of New York, Boston,
Philadelphia and Baltimore.
Highest and Lowest Prices—
The Trust Co.of America
149
BHOADwAY,
(Northwest Corner Liberty
St.)
Capital, Surplus and Undivided Profits,
$5,374,850 38.
subject to check and on Certificates of Deposit
NEW YORK— Rallroatt
and Miscellaneous
Bonds and Stocks. Monthly for 1903 and
Railroad and Miscellaneous Bonds and Stooks. Monthly for
year ending June 30, 1904.
BOSTON— Railroad and Miscellaneous Bonds
and Stooks. Monthly for year ending
June 30, 1904.
Yearly Range of Prices— Yearly Range
of Aotive Stooks made in the years 1898,
Dividends.—Dividends on
1,
Acts as Trustee, Receiver, Committee, Ezeoutor
Guardian, Administrator, Assignee, Registrar
Transfer and Fiscal Agent.
GFFICEBS:
Ashbel P. Fitch, Fres.
Wm. H. Leupp, V.-P.
B. J. Chatry, Sec'y.
$1,060,966 70
Wm. Barbour, V.-Pres.
H.
S.
Manning, V.-P.
A. L. Banister, Treaa,
DIRECTORS:
Ashbel P. Fitch,
Wm. Barbour,
H. S. Manning,
8aml. A. Maxwell
MyronT.Herrick,
Emers. McMlllin,
J as. M. Donald,
George Crocker, C. I. Hudson,
Edw.C.Schaefer, Philip Lehman,
Geo.Blumenthal.
S. C. T.Dodd,
Joel F. Freeman, Frank Jay Gould,
James Campbell, Wm. A. Clark.
U. S. Redmond, John W. Griggs,
Jno.R. liegeman Edwin Gould.
m. H. Leupp.
George C. Boldt,
W
Railroad Stooks
Exchanges In New York, Boston, Philadelphia and Baltimore, paid during each of the years 1897 to 1903, inDividends on Leading Industrial Stooks during eaoh of the years 1897 to 1903, In-
%UQiVLZZXS.
K
1VL Byllesby
& Co-,
INCORPORATED.
clusive.
TERMS
Price of Single Copies,
ENGINEERS.
i
-
$1 OO
-
To Subscribers of the Chronicle,
To Bankers and Brokers
on the
oards lettered in gilt
74
In quantities, with their
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
HYDRAULIC PLANTS.
cover, at special rates.
City.
Paid to Policyholders
14STH STREET.
BRONX BRANCH:
JULY EDITION.
clusive.
JAMES B. PLUM
Leather
CLARENCE H. KELSEY,Pr.Tlt.Uuar.&Tr.Oo.
WILLIAM H. PORTER, Pres. Chem. Nat. Bank
success,
Sc
HARLEM BRANCH:
)
sold at the
John
AVE.
TRUST DEPARTMENT:
WILLIAM
by the Publishers of the
1899, 1900, 1901, 1902, 1903, and to July
1904.
Insurance Co.
IN
Securities.
to July 1, 1904.
[Late N. Y. Managor of the Audit Co. of N. Y.]
PINE STREET,
& FIFTH
McLEAN WALTON, Asst. Secretary.
HARRIS A. DDNN, Asst- Treasurer
PHILADELPHIA —
ALFRED ROSE,
5o
ST.
WEST 145TH STREET.
Allows Interest on Daily Balances,
JAMES PARK &
CERTIFIED
66
No.
34TH
^
CO.
BROADWAY,
T. BARNEY, President.
FRED'E L. ELDRIDGE.lst Vice-President.
J08EPH T. BROWN, 2d Vice-President.
JULIAN M.GERARD, 3d Vice-President.
B. L. ALLEN, 4th Vice-President.
FRED'E GORE KING, Sec. and Treas.
OF
Pogson, Peloubet & Co* Railroad
NEW
TRUST
+"
J.
PUBLIC ACCOUN TANTS.
Edward R. Thomas,
John P. Truesdell,
CHARLES
15.
HAND-BOOK
and
•>
Stock Brokerage House*.
William H. Taylor,
THIRD AVENUE
READY JULY
and Reorganizations.
Investigations mi Audits of Banking
S. Pierce,
Frederick B. Sohenck.
y^ERBOo
Chicago.
Philadelphia.
CERTIFIED PUBLIC ACCOUNTANTS
128 Broadway,
Winslow
E. F. C. Young.
New
Examinations of Financial Conditions and Earnings.
Reports and Adjustments for Consolidations
W.Mlddendorf,
William Willis Merrill
For Business Correspondence,
HOLYOHE, MASS.
W. F.WEISS,
William M. Laws,
J.
A. Goei el,
Edwin Gould,
Frank Jay Gould,
George J. Gould,
John A. Hilton,
Fidelity Building,
Blilg.,
NEW YORK.
Myron T. Herrlck,
Edward T. Jeflery,
Edward R. Ladew,
Charles P. Armstrong,
Frank Bralnard,
Robert C. Clowry,
Edmund C. Converse,
Wm. Nelson Cromwell,
Grenville M. Dodge,
Public Accountants,
Certified
BROADWAY, NEW YORK.
WILLIAM B.DANA COMPANY
Pine Street, coi. Pearl Street
New
York.
Examinations and Reports.
New York
Life
Building
CHICAGO,
ILL.
@FedFRASER